So we have Ryan admitting company has overstated revenue to the tune of $1m or more and that the past five 10-Qs and the 2021 10-K should be deeemed unreliable.
We have seen two CFOs walk out the door in past 30 days.
The Q2 is 9 days past due and counting.
Was Q1 2022 the final 10-Q we will see from this company?
One thing is for certain, more suppliers are getting screwed and the most likely news to come will be additional lawsuits against MSLP and Ryan.