> An absured valuation isn't evidence of fraud.

For a public company that is certainly true. The valuation is determined by the market as a whole, so there can be no fraud.

But the fraud is in the profitability claims, such as 1T/yr in just a few years, which are clearly completely fabricated nonsense. No company officer should be allowed to make such claims without being removed from office.

>No company officer should be allowed to make such claims without being removed from office.

Any other company officer in a fortune 100 company would be removed from office if they made claims like this. The single reason he isn't is because he owns something like 80 something percent of voting power.