I have started looking at some legal aspects of this...

I have started looking at some legal aspects of this intention.

1. Under the Corporations Act S631, Lev has up to 2 months to make an offer,
http://www.austlii.edu.au/cgi-bin/viewdoc/au/legis/cth/consol_act/ca2001172/s631.html

2. As the intention was made public on 11/10/2023, Lev has up until 11/12/2023 to make the offer.

3. Lev last bought shares on market 31/8/2023 for an average price of $1.05

4. Under the Corporations Act S621(3), the consideration must equal or exceed the price paid within the last 4 months.
http://www.austlii.edu.au/cgi-bin/viewdoc/au/legis/cth/consol_act/ca2001172/s621.html



Will Lev have to increase his bid to $1.05?
While the average price paid on 31/8 was $1.05, were any bought for more than $1.05 on that date?
Can the average price be used, or the max price paid be used?