Sorry but you lost me completely.

I evaluate a buy out based on an eqitable return on investment. This is putting it simply, there are many elements that go into a purchase of a company from a business standpoint. I was both a leader and a part of a group and acquired two manufcturing plants primarily to increase our production capability and other industry companies to add to our product/service offerings to the industry. Our analyses were very complex and included long term forecasts, profit projections and many other financial elements.

All of the above, both current and future could be factored into the equation for an objective of a goal ROI. The nature of the game is profit oriented, which is converted to share price and market demand for same.

Don't forget the initial share price to investors was based on the capital needed for company operations and used to determine the company value at the time of offering shares.