I wouldn't be surprised if Drexler is courting a buyer. I'd wager he realized (too late) that he couldn't cut enough fat to make the company profitable, and didn't have a plan for the kind of investment needed to drive an uptick in revenues. The big questions are what his threshold is for selling, and what the acquirer does.
Given that he's already milked MSLP for several million in the form of salary and interest, I can't help but wonder if he'd take any offer over $1.11 (granted, anything that low would prevent him from cashing in his contractual finder's fee).
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