Home / Going-concern warnings / Sports Entertainment Gaming Global Corp
Filed 2025-05-21 路 Form 10-Q 路 Accession 0001641172-25-011865 small
Price before filing: $53.9 (2025-05-20 close, split/dividend-adjusted)
Market cap at flag: $361.6M (2025-05-21) 路 Latest: $2.6M (2026-10-16)
| Window | SEGG | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +72.7% | +0.5% | +72.2% | 2025-06-20 |
| 90 days | +6.6% | +8.2% | -1.6% | 2025-08-19 |
| 180 days | -74.3% | +12.9% | -87.2% | 2025-11-17 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 3 insiders sold $117K (10 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-02-25 | GOODING CHRISTOPHER ANDERSON Director | Sale | 40,000 | $1.39 | $56K | no | Form 4 |
| 2025-02-25 | POTTS GREGORY A CHIEF OPERATING OFFICER | Sale | 5,000 | $1.35 | $7K | no | Form 4 |
| 2025-02-25 | POTTS GREGORY A CHIEF OPERATING OFFICER | Sale | 5,000 | $1.40 | $7K | no | Form 4 |
| 2025-02-26 | POTTS GREGORY A CHIEF OPERATING OFFICER | Sale | 5,000 | $1.50 | $8K | no | Form 4 |
| 2025-02-26 | POTTS GREGORY A CHIEF OPERATING OFFICER | Sale | 5,000 | $1.55 | $8K | no | Form 4 |
| 2025-02-26 | POTTS GREGORY A CHIEF OPERATING OFFICER | Sale | 5,000 | $1.60 | $8K | no | Form 4 |
| 2025-02-26 | Stubblefield Robert J Chief Financial Officer | Sale | 13,593 | $1.60 | $22K | no | Form 4 |
| 2025-02-26 | Stubblefield Robert J Chief Financial Officer | Sale | 700 | $1.61 | $1K | no | Form 4 |
| 2025-02-26 | Stubblefield Robert J Chief Financial Officer | Sale | 200 | $1.61 | $323 | no | Form 4 |
| 2025-02-26 | Stubblefield Robert J Chief Financial Officer | Sale | 507 | $1.62 | $821 | no | Form 4 |
| 2025-05-21: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-20 to 2025-06-20. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"These conditions raise substantial doubt about the Company's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-03-31)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Late annual report (NT 10-K)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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