Yes, the shareholders would have to vote on a buy out.
However, us Joe Sixpacks control nothing as a huge block of shares that do not cast votes are automatically voted by the BOD.
IMO, nobody will buy us until many of the unknowns surface -- USPTO reviews, current litigation, S&L intentions & sales, new CEO, and,well, pick you posion for the near term.
Time will tell as the new license deals are announced, or not.
Longer term, I believe the revenues will be there to support a higher pps. How high is a WAG at best.
John