What's with the "lies lies" talk? Relax! This is a very ordinary situation. The business is in a tight spot, but management is trying not to wave red flags and scare the shareholders. And it's like you're trying to polarize that into Good (everything is just fine) vs Evil (those bastids are *lying* to us).
What lies? Nobody lied bout the enormous inventory overrun, the falling margins, the zooming capital expenditures. The company disclosed all that promptly to the SEC. Anyone who reads the damn filings got out in November.
Conference call verbage ... who knows what on earth that crap means. I wouldn't call it lies, even if it turns out to be misleading. Just harmless smoke. But it's definitely not helping you. So ignore it. Ignore anything not filed with the SEC, ignore "positive tone," ignore the ridiculous investment-bank salespeople everybody calls "analysts." Focus on the legal filings.