I hope I'm not your mosquito!
If not, thanks!
ps I thought jermart didn't do too badly, actually.
What he is not seeing (or admitting) is that the worth of a purchase to a purchaser is not the same thing as the value of a company on its own. Least of all the value of its balance sheet which most accountants will admit is a kind of nonsense value.
Glom Safend onto Wave and it is worth more than Safend is on its own. Therefore Wave was willing to pay a premium. The payment of a premium of this type is absolutely standard. jermart's not arguing with Wave. He's arguing against the idea that it is worth it for companies to pay premiums to buy other companies. That's not a silly argument in a general sense. But it's kinda random on an individual basis as if it is unique to Wave.
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