Yes if he thought he could get more based on realistic projected future revinues. How much would he and the shareholder make if he continues the growth for another 5 years? Your thinking short term, he's thinking outside your box.
Not sure. If Jared believes he can make that in the next 5 years based on growth projections and who knows how much beyond that, can build a big business that he can hand down to his family, allow the stock price to follow, then why take it????
I agree that it is a big risk. A bird in the hand scenario. But we don't really know what the offer had in it other $0.10 for common shareholders. We don't even know who the buyer was.
All we can do is consider the $134 million in projected 2009 revenues and invest accordingly keeping in mind that nothing has been audited.