Future of LWP, page-7

That attitude is why these directors keep getting away with being dodgy. They said they raised $6 million in the July 2015 cap raise - they didnt. They said they were owed money by the ATO - they weren't. They said they were fully funded for 4 years - guess what, wrong again.

They have certainly breached parts of the Corporations Act, they even admitted to doing so in their ASX query replies.

wrongful or criminal deception intended to result in financial or personal gain.

Deliberately misleading the market in order to line their own pockets seems to fit this definition.