its way too low but look at the facts: 1) Ferris will only look out for himself and probably knows he is not a good CEO. sells his shares for 3.mill then gets a huge position at the buyout company with large incentives - probably wort 10mil. 2) buyer was buying at $3.30-$3.6 anything over that was probably investors jumping on the bandwagon 3) the buyer probably purchase over 5% of the company yesterday. 4) Compnay is worth at a minimum $5.00 a share - how do i get that $5mill in cash, 11 mill in backorder (worth 5 mill in profit) - 1.5X sales - this company is being treated like a mom and pop shop. Truthfully it should get 3X sales the true value ($8 a share) but Ferris does not carre about his shareholders.
for less then $10 million cash you can purchase this company - the rest in debt and reissuance of stock.