Robert Scherer owns 60.4% of the shares. He controls the company. He will decide what happens to the share price by either: 1) selling out 2) buying out minority shareholders 3) starting to promote the stock
The best thing that could happen is if Scherer decides to buyout the minority shareholders at $5 or $6 per share. It would not cost him anything. Enough cash in the company to do it.
40% of 4.3 million shares at $6 would cost the company $10 million to get it private and 100% owned by Robert Scherer.
If Robert Scherer dies that would also benefit shareholders as estate would probably have to sell out to a larger competitor.