Good Vibrations Shoes Inc (GVSI)

[logic-commonsense]

Being wrong isn't always a lie. Plaintiffs would have to prove that Sharp knowingly made that statement with the intent to deceive, as opposed to just not being the one who had control over the subsequent decision to make the reverse split. Plaintiffs have the burden to prove intent - Sharp doesn't have to disprove it. Very hard to prove. They'll likely have to make some showing of intent to get past the motion to dismiss.