I don't see why he wouldn't. I'm sure he's aware that this board is for marketing, operations focused dialogue, and sometimes about the stock itself.
By answering them, he establishes an accurate baseline that allows investors to invest from. If they are bad, the PPS will adjust accordingly, however it will adjust on facts, not bs pipe dreams. The forward looking statements can then focus on what they are intended to, future growth.
Stating where we are, is in his best interests. All I hear is ethical bs and honesty. And frankly its a stretch by anyone to take the words from the conference call subscription statements, then dilute the hell out of the stock, then claim ethical standards. They knew exactly what was going to hit us, and they knew that the 100,000 number was key here and is the key metric that we hung our hat on.
I grew up in a world where omission with knowing was just as much of a lie. This is the most honest and truthful they can be. They have a huge base that will invest accordingly. It's ok to chalk it up as business, but to stretch the BS any more makes them like any other pink company. Fix it, move on, and execute the business plan to make investors and the company money.