iTalk Inc. (fka TALK)

[Tesla_se]

Not a lie; A projection

"What does 'Pro Forma' mean

Pro forma, a Latin term, literally means “for the sake of form” or “as a matter of form.” In the world of investing, pro forma refers to a method by which financial results are calculated. This method of calculation places emphasis on present or projected figures.

Financial statements that utilize the pro forma method of calculation are often designed to draw focus to specific figures when an earnings announcement is issued by a company and made available to the public, particularly potential investors. These pro forma statements may also be designed to indicate a change proposed by a company, such as an acquisition or a merger. Investors should be aware a company’s pro forma financial statements may hold figures or calculations that are not in compliance with generally accepted accounting principles (GAAP). In some instances, pro forma figures are vastly different than those generated with GAAP."

http://www.investopedia.com/terms/p/proforma.asp

I think the projections are what you refer to as lies