Of course the company's management have LIED! They have LIED over and over and over, virtually since inception. ;-)
Let's start with a couple of the more recent ones, shall we?
They told investors they would have their financial reports out on time. They LIED! ;-)
Instead, they have this.....
They said they would honor the terms of their Series C Preferred shares. The redemption period has almost reached its end point. How many shares have they redeemed? ZERO, because they LIED! ;-)
They posted right on their own website that the distribution of the Series C Preferred share certificates would be complete "within two weeks". They took that down because of the ensuing laughter after MORE THAN A MONTH. AFTER MONTHS HAVE PASSED, IT'S STILL NOT TRUE BECAUSE THEY LIED! ;-)