Mmmm......well, I guess it depends on how you define a "lie". For example, if management has claimed they have a contract to broker $20million in gold a month to S. Koreans, and no contract was ever signed for that purpose, it's a lie. But we'll probably never know either way because this company never shows proof they have done anything.
Same goes for Latin American network of mines, etc. Vague, generic, no details in the PR, very hard to prove they lied. They're not stupid. They know how far they can take their nonsense before crossing the line with SEC rules......
But now, with no financials, they are out of compliance. What's up with that?
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