I believe there is a real case GSW could bring against AFR with very large financial ramifications to AFR.
I just read the latest article where the AFR writer says getswift up until it's last quarterly has only been able to generate 50 k a month, where clearly revenue was 250 k a quarter.....this article in a financial journal/ paper has the avail information at hand yet chooses to falsely advise the market.
If I were management I would now be exploring the significant financial reputations damage AFR is causing as a result of publicly providing false information to market.
Pursuant to Schedule 2, section 18 of the
Competition and Consumer Act 2010 (“
CCA”), a person must not engage in conduct that is “
misleading or deceptive, or is likely to mislead or deceive.”
- AfR engaged in conduct in breach of section 42 of the Fair Trading Act 1987(NSW);
- AFR published the material knowing it to be false or recklessly not caring whether it was true or false and with no honest belief that it was true; (last quarterly clearly states greater than 50 k a month); and
- was actuated by the dominant motive of damaging the Plaintiff and its business.GSW business has been reputationally damaged....
I would be taking the AFR to the cleaners based on their latest article...
