Cletus,
I am not an expert on going private, but these are my thoughts:
As has been stated, to go private they will have to own the shares, or take you private with them if you still own your shares. If someone wants to take this private, I would guess that they would put out a tender offer to buy peoples shares at a price above the current market prices. And they would probably try and make it attractive enough to get most people to agree to sell their shares. There are also other ways that they can get rid of most shareholders, like do a large R/S so that most shareholders would own less than 1 share, and the company would pay you off for your partial share and you would be out. I think it was posted somewhere on this board a while back that to go private you have to have 300 or less shareholders, so they would have to get rid of a lot of shareholders to get to that point.
My guess is that to take this private might cost them more than $100M and then they would still need more money to fund the improvements and operations of the company.
It is definitely a possibility. And a lot of it probably depends on which LTF deal they can close.
FFF