Actually instead of being misleading to shareholders (for what reason there are no new shares being sold?) Ken is actually just creating 'good PR' for the company in order to keep online customers confidence levels up. He's doing what every CEO must do, and that is project confidence and put a positive spin on any news. It's for the good of the company and the good of the shareholders. It's not lieing, he didn't lie, he's just making the best of the situation. It's smart and we should be glad he can put a positive spin on news when we were clearly delayed.
So very wrong. Speak to a lawyer and they will put you right. The CEO is not allowed to mislead shareholders or buyers. The law is very strict on this.
He will have done it to try and protect the company but it doesn't change what it is.
Ken must provide an explanation which I hope is good enough.