Just the expenses for AIRT to be a public entity are enough justification for the company to be taken private.
The average micro cap company spends roughly $750,000 annually on exchange fees, audit fees, and other professional services. For AIRT, this equates to almost $0.20/year in EPS!! This would be immediate savings for a buyer.
I always wonder about the morality of a CEO taking a company private. Was he really working for the benefit of the shareholders to increase share value? Is it to his benefit to keep the outlook hidden and the share price down so he can get a better deal and bigger profit? There certainly seems to be a conflict of interest to me. Any other thoughts? By the way, this is a general question and not directly concerning AIRT.