The non reliance covers the entire 2021 10-K AND the 2022 Q1.
15 months of non reliance financials.
But as I have opined many times, the MSLP financials have been fraudulent since Ryan became CEO. He threw his former college roommate under the bus for fraudulent Q end stuffing previously.
Stiffed suppliers out of over $40m and actually reported almost half of that figure as profit when suppliers modified their outstanding invoices to collect anything. MSLP has been a fraud and Ponzi Scheme for a long time.
On August 22, 2022, the Board of Directors of the Company determined that the Company’s financial statements contained in its Annual Report on Form 10-K for the year ended December 31, 2021 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 should no longer be relied upon due to errors in such financial statements, and that a restatement of such financial statements is required.