If they have, could shareholders sue for damages? - Lying about...

If they have, could shareholders sue for damages?

- Lying about the progress of SA1 and VIC1 since day 1
- Misleading shareholders with false and misleading information that gave incentive the business was progressing well
- Misleading investors with funding that took over 1 year to secure and now 7 months later, nothing has been finalised... That's almost 2 years of no progress.
- Directors showing no reasonable care, risk management and due diligence in performing their duties and overall progress of the company.
- Directors paying themselves $500k each in salary when their own company is on the brink of collapse and low cash levels
- Misuse of IPO funds, reckless spending and carelessness of no fault of their own. They decided to pursue an EPC contract in NZ, it's not even in country and they're located in Perth... IPO funds did not go towards what was communicated to shareholders, thus causing significant financial damages to shareholders of -90% within a 16 month period.
- They have shown no incentive to buy any of their own shares, leaving shareholders questioning their true Intentions here. If your own stock is down -90%, why would you not buy any? Leaving all the risk on shareholders.

I would say Duty of Care, Duty of Loyalty and Duty to Act within Authority have been breached.