Who do you think would take it over? and why? Why should the board and shareholders vote for a takeover when the technology is complimentary to all and has potential to be utilised anywhere a credit card is processed. The company is in its own niche.
Would a takeover at these prices (below $2) be cutting shareholders value short as the company (complimentary nature to everyone) has potential to itself be a global payments company in the long term?
IMO...a takeover is a bad choice for all due to the potential and scale of the technology. Its a short term and short sighted view.