I don't consider a 100% premium on a stock that barely trades with a $3 million market cap to be "extraordinarily generous" lol
Hell, I've seen buyouts recently for 300-400% premiums on more liquid stocks. The trading (or lack of) probably doesn't play much of a role in a buyout these days if any role at all whatsoever.
Hell, the acquisition VBDG themselves made -- Adsouth -- they paid more for than the current market cap of VBDG. With VBDG sales at around $40 million a year plus 7+ new products lined up and plenty of fat to trim if they were bought out and ceased becoming a public company, a .50+ buyout would be only $15 million and probably still only 1/3rd of sales.
And that's doesn't include the off-balance sheet value VBDG has in a buyout -- not just the retail relationships, but the fact that they are "Cateogory Captain" for a number of retail chains. Any buyer would then obtain control and the ability to put their own products into the "Cateogory Captain" area.