Impact
This will be interesting. We have the company's version of events and it sounds very minor....
The other side of the story will no doubt emerge from the shortseller community in short order (pun!) and it will sound like this is all smoke and mirrors, den of thieves, everybody is going to jail imminently.
Then the lawsuits start.
This could get temporarily messy. Could.
Remember that 2021 Revenue was reported as $153.6 million and loss from ops $8,146,000. So knock off $30-odd million in revenue for $124 million and boost loss to $15 million. No huge deal. Where it gets messy is questions about the $12 underwriting not so long ago. Was that conducted using "fraudulent" financials???