XPD will face a class action in Australia

I contacted SGH law firm for Class action against XPD

XPD is the ASX listed stock
XPD always provide misleading announcements and informations：

1. 02/03/2017， XPD - Morgans rates the stock as Reduce.
but XPD didnt make announcement on ASX
On 07/12/2016, XPD made announcement on ASX that XPD Soccer Gear Group Limited (ASX: XPD) is pleased to advise of the initiation of research coverage by Morgans Financial Limited.
The report is available at the XPD website at www.xpdsoccer.com.au

2. On 06/09/2016， XPD made an announcement that XPD planned a Share Buy Back scheme for up to 4300 millions share on the market.
On 30/08/2016 ， XPD made an announcement that Share buyback program announced to purchase up to 10% of the issued capital of XPD
On 28/02/2017, XPD made an an announcement that XPD terminate the Buy Back scheme

3. On 31/08/2016 , XPD made an an announcement:
In line with the last financial year, XPD will not be paying an interim dividend.
Directors anticipate a full year dividend will be announced with the 2016 Full Year results, subject to satisfactory profit performance.
on 28/02/2017,, XPD made an an announcement that XPD decided to suspend the Dividend for the foreseeable future,

4. On 31/08/2016 , XPD made an an announcement that In the opinion of Directors, the current share price($0.15) does not reflect the proper
value of the business, particularly given the strong history of growth and earnings, and the positioning of the Company in a high growth industry.
On 28/02/2017 and 01/03/2017, XPD haven't made any announcement the opinion of current share price $0.043 does not reflect the proper
value of the business, particularly given the strong history of growth and earnings, and the positioning of the Company in a high growth industry.

5. ON 03/11/2016, , XPD made an an announcement for 2016 September Quarter trading update
But until 28/03/2017, XPD haven't made any announcement for 2016 September December trading update

6. Up to 06/03/2017, XPD put announcement on its China website www.chinaxpd.com that its stock has been hot recommended on ASX market.
The fact is that share price fall from 38c to 3.8c, falling 90%.

7. XPD spending $7 million on renovations in 2016 and the renovating businesses would be sucking money out of the business through the books, without needing to pay anything to Australian shareholders
XPD has $43 million in cash and no dividend and $7m on renovations makes you wonder what this money is being spent on (specifically) and who receives it. Insiders do not care about the share price, so you have wonder if they are receiving benefits from the $7m (e.g. if they are paying it to renovation companies they own) and thus can share in the economic benefits of the company without sharing anything with the Australian shareholders.
That's the only logical explanation I can give for them canning the dividend program with $43m cash and the share price at 4.6c.