Insider holdingsTo get an idea of a buyout/fair value price, just check out the current insider holdings on www.sedi.ca. Almost all the directors, plus Ahmed Said still hold hundreds of thousands of shares in the .20's and 30's. Mr. Said alone bought 500 000 shares at .37 earlier this year, and not one insider has sold a single share yet.
Front Street Investment Management holds 8.5 millions shares, in the .30 cent range.
Given the above numbers, a buyout in the range of .75 to 1.00 doesn't seem unreasonable.