You are absolutely correct. As a private company they have no legal responsibility to divulge any information. However that does not preclude any interested party in investigating the company, the principals and their statements. When you factor in the history of QBID, it is somewhat disconcerting that there is a similarity in today's environment.
"Common sense and a sense of humor are the same thing, moving at different speeds. A sense of humor is just common sense, dancing." - William James