whether SAPE gets bought or not, i believe highly depends on one thing - whether existing SAPE management will be willing to sell the company and a minimal premium to current price. their hope should be that the purchasing company will either take them private (and then public some day) or will be a part of a faster growing (and therefore higher stock price potential) company.
in the past, i would suspect that the arrogance of jerry would have wanted a higher price than would be justifiable and likely the reason why the company wasn't already sold. now that jerry is out of the day to day picture, with 16MM or so shares, i gotta believe that he'd be in favor of a buyout to be able to walk away with a nice handsome payout.
do i think it will happen? i don't know. could see herrick taking a deal, but i think all of his directs would want to keep going, unless it meant that all of them would get a) a huge payout and/or b) really high level in the aquiring company. they did hire a rather experienced CFO (which i remind you says "um" way too much in the earnings calls), that would lead me to believe that they have a bit more "cleaning" of the books before they can truely be in the position of being sold. so, i think their current thinking is that they need to position the company better, get the momentum back on the earnings, and then they would be able to command a higher premium to what they currently trade for.