Folks, why would the Schermers sell their shares right now at a greatly depressed price? If they wanted to sell, they could just wait a few years and, if the stock price is still depressed, get 4 or 5 dollars a share from Berkshire Hathaway. Heck, Berkshire would probably pay that amount RIGHT NOW if they could get the whole company for that (but I think they're enjoying getting the fat 15% interest for now, which gives them all the profit benefits of ownership without having to fork over more cash or assume much debt).
Now, I personally would not like to see an acquisition by Berkshire, because I think that once Lee is debt-free it will be worth a billion dollars (which means 20 bucks a share or more), and I'm willing to wait a decade for that to happen. But since a lot of you want a quick lottery ticket-like liquidity event from a Buffett buyout (which would probably be only 4 or 5 dollars a share), you should be rooting for the Schermer family to want to sell.
But anyway, they're smart people, and there's no way in heck they'd sell at barely over a dollar a share into a depressed open market.