It doesn't matter if she's right. SEC will HAVE TO investigate this. She's alleging that they are lying to shareholders. It will go down because of the lawsuit with the accusations. People will end up going to this website:
Yes, this is the kind of allegation that can be very damaging... even if it proves false. In the short term management may find it difficult to respond because it can interfere with the lawsuit. If the charges are malicious, they could enter a counter suit.
Just goes to show: diversification and risk tolerance investing in speculative small cap tech stocks (or any stock) it a golden rule.