Regarding the CEOs 2020 guidance, not sure it was a lie
First, the CEO would have to have a reasonable idea what 2020 revs would be. I contend he had no idea because hes just a lazy, incompetent type that probably didnt even bother to find out
So, its hard to lie when you dont know what the truth is. 2020 could have been $4m in his mind, or 6 or 8. Clueless and irresponsible are more appropriate adjectives to describe the CEO imo