4. Obama incorporated a company called "Obama's Electronics Ltd." Through the company, he sells televisions, cellular phones, and laptops from a store he leased in his own name. Now Obama wants to issue shares but while checking the company's prospectus he came to know there are several information which are not true. Discuss your answer with any relevant case law. In this case what are the basic rights associated with shares and can Obama be sued as there are liabilities of misrepresentation in a prospectus?