until he does not complete the merger as described, he is no liar, he may be a pumper, and overconfident before realizing the complexity of SEC and NASDAQ buraucracy, but he not a liar. I've worked for brokerages, and I know the SEC, and the NASD, and there is nothing here that looks out of place to me.
Odysseus crossed the river of Styx. He asked Achilles if it was worth trading his life to have his 'name' live forever. Achilles replies: "I would rather be the slave of a slave on earth, then to live here in Hades..." --Homer's The Illiad