In a cash transaction you would get the per share price for each share you own. In a stock swap you would get shares in the takeover company equivalent to the value of your shares at the buy out price.
There could actually be a third option which would be a hybrid of these two.
My guess if there were a buyout we would make a lot of money. Perhaps not what we could make holding long term but I don't think Mr. Snaper would let this thing go unless it was a bid he absolutely could not refuse.