1. Start with your own growing private company.
2. Find a struggling public competitor.
3. Tell its major stockholders you can save their investment.
4. Demand control. Take over as operating officer.
5. Grant them an option to buy your company in the future.
6. Clean up the public company, preferably by melding its operations into your own. Make your company more profitable by charging the other company for services.
7. Use the improved financials of the public company to go to the market for more money to buy your company out.
8. End up owning the consolidated entity.
9. So why not do it all over again?