Figuring out a logic behind the bidding on MTH shares

[LeoMPanther]

Has anyone figured out how to tell how much to bid for a share? Like if I'm flush with cash I might bid 4 or 5 times the initial bid. However in recent games I got completely outbid by the AI, like they bid 4 times more than I had in the treasury. That's fine, I question how they consistently have enough money to do that but if they have it, fine I lost.

Still, during my last livestream I was being outbid by only 100 credits on top of my bid. Which raised my suspicion level. It could be coincidence, but it happened a couple of times. Does the AI know how much I bid and adjust their offer accordingly?

I dunno, what have you all experienced? I need a bigger sample size to figure it out.

[Starfry]

I believe the last bid is shown because I kept being out-bidded by a fourth player on a PBEM game by a few percentage. I think a bid should go for one round and those who have a good relation mixed with a good bid should have an another bid. This would help empires in getting good relations and having a decent chance of getting shares without someone grabbing all the seas.