Home / Going-concern warnings / Perfect Moment Ltd.
Filed 2025-06-30 路 Form 10-K 路 Accession 0001641172-25-017186 nano
Price before filing: $0.244 (2025-06-27 close, split/dividend-adjusted)
Market cap at flag: $8.8M (2025-06-30) 路 Latest: $5.1M (2026-10-16)
| Window | PMNT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +27.0% | +3.2% | +23.9% | 2025-07-30 |
| 90 days | +95.1% | +8.2% | +86.9% | 2025-09-29 |
| 180 days | +70.1% | +12.5% | +57.6% | 2025-12-29 |
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: no open-market insider sales or purchases reported.
30 days after: 2 insiders bought $821K (5 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-06-30: red flag filed | |||||||
| 2025-06-30 | Benaron Reeve 10% owner | Purchase | 1,000,000 | $0.30 | $300K | no | Form 4 |
| 2025-06-30 | Gottschalk Max Director, 10% owner | Purchase | 1,692,694 | $0.30 | $508K | no | Form 4 |
| 2025-07-03 | Gottschalk Max Director, 10% owner | Purchase | 20,000 | $0.29 | $6K | no | Form 4 |
| 2025-07-07 | Gottschalk Max Director, 10% owner | Purchase | 20,000 | $0.27 | $5K | no | Form 4 |
| 2025-07-07 | Gottschalk Max Director, 10% owner | Purchase | 5,900 | $0.28 | $2K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-04-01 to 2025-07-30. 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.
"Risks Related to Our Business, Our Brand, Our Products and Our Industry We have a history of losses, expect to continue to incur losses in the near term and may not achieve or sustain profitability in the future, and as a result, our management has identified and our auditors reported that there is a substantial doubt about our 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-K (period 2025-03-31)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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