Metgasco Limited comments in their latest letter may be found to be unlawful as well as Misleading or Deceptive conduct. It is illegal for a business to engage in conduct that misleads or deceives or is likely to mislead or deceive consumers or other businesses. This law applies even if you did not intend to mislead or deceive anyone or no one has suffered any loss or damage as a result of your conduct.
The latest letter or ASX media release from Metgasco Limited may have done just that. They are out to hurt May shareholders as a way of stopping their shareholders from engaging in a fair assessment of the facts. They may end up in court (MEL Directors) with a class action from May's hurt shareholders. The behavior to date is very questionable and lite on facts and has lots of misleading or intended to mislead comments which could be construed as deceptive conducts. Love to know what other think?
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