Few people on this board seem to actually know the company and management are under SEC and DOJ investigation for stock fraud and insider trading
The DOJ and SEC don't tell companies or individuals that they are under investigation. The verbiage you included clearly states,
The subpoenas seek testimony and/or records concerning...
The last person to find out they are under investigation is usually the target of the investigation. Also, this 10k was from the last fiscal year, which ended May 30th. We're now in the second quarter of FY2022. Let's see what the next 10Q has to say. That should be coming out any day now. Can't wait to see what it says.
Do you have actual, concrete evidence of what you claim, or just conjecture? It's been discussed many times here. People are aware.