United Industries Corporation Ltd is a company with a diversity of business interests.On 1 July 2019 its board resolves to open a chain of hotels, and to raise capital by issuing shares. On 30 July 2019 United Industries issues a prospectus in relation to this share issue. On 4 July 2019 Brad Cooper, its Managing Director, phones Bob Broke and offers him $ 200 000 worth of shares. Bob accepts the offer, but in light of subsequent events now wishes he had not and wants his money back.

Can Bob have his money back?