UMEW · UMeWorld Inc. · Fails to Deliver
$0.80
At close · Oct 12
View the 10-Q filed Aug 13, 2026
Return incl. dividend (before tax)
Going-concern doubt
— flagged Aug 13, 2026
Substantial doubt about the company's ability to continue as a going concern.
“These conditions, together with recurring operating losses and reliance on external financing, raise substantial doubt about the Company's ability to continue as a going concern within one year after the date the consolidated financial statements are issued. Management's plans to alleviate this substantial doubt include: · pursuing additional business arrangements and growth opportunities in the functional nutrition and health-and-wellness markets through Dagola; · expanding distribution channels and product offerings to increase revenues; and · seeking additional capital through promissory notes, private placements, and other financing transactions. There can be no assurance that these plans will be successful or that additional financing will be available on acceptable terms, or at all.”View the 10-Q filed Aug 13, 2026
Customer concentration
— top 2 customers 56% of revenue
2 customers — 56% of revenue (the nine months ended June 30, 2026)
“For the nine months ended June 30, 2026, two customers accounted for approximately 55.99% and 43.58%, respectively, of the Company's total revenue.”
2 customers — 43.6% of revenue (the nine months ended June 30, 2026)
“For the nine months ended June 30, 2026, two customers accounted for approximately 55.99% and 43.58%, respectively, of the Company's total revenue.”
Market Cap
$92.88M
Shares
116.10M
Volume · Oct 12
10.53K
Avg daily vol (18 sessions)
2380
Fails to deliver — shares from a trade that were not delivered to the buyer by the settlement date — published by the SEC twice a month. Persistent fails can reflect settlement problems or naked short selling.