Walk in his shoes for a minute. Think of something you have a lot of pride in and you know it is worth way more than a current offer. So you dont want to sell because you put your sweat and blood into it. But greedy shareholders want a profit and they want it NOW!!....just saying look at all sides. This company is real and viable.
So at some point in the future if a buyout does happen and it happens to be... say... at .50 or more, you would still be mad that he didn't take the .10?