2. Amina and Shireen are the directors of Near East Foods plc. They seek to raise more capital and in the prospectus say that a speciality of the company will be that it will sell Iranian caviar and saffron, which it says is higher quality and sells for a higher price than that produced by other countries. They know that they will need a licence to import goods from Iran, but they have read several press reports that say that the UK still intends to maintain trade with Iran and so do not think there will be a problem. However, following pressure from the United States, the British government decides not to issue any further licences to import goods from Iran. As a result, the company is forced to buy caviar from Azerbaijan and saffron from Spain, resulting in turn in profits that are much less than expected. Michael bought shares on the basis of the prospectus. Does he have a cause of action against the company