Yes it is unreasonable to believe a spin mister that puts out PRs that never come true and all his effort to execute have failed to produce a single significant client with a commercialized product producing on going revenue.
A man desperate to keep his milking machine going and one that has everything to lose if people stop believing his spin. he will do whatever it takes to keeps this going and he is getting desperate to completed additional financing.
Yes, I never believe a lawyer who knows how the word PRs to protect his own butt, has no cyber security background, never has been a CEO of any other company, has failed to execute on every front to produce a single commercialized product and is a one man operation for a company the farms out everything including R&D, Sales, and Marketing.
BTW you should know that the SEC seldom if ever goes after penny stock management for stretching the truth and spinning stories.