"What's in the sale of the company for Fred? He owns less than 1M shares and less of the stock than many of the posters on this board." 

Good observation. Fred and the other principals won't get rich on a sale of the company and either will we, unless the price is substantially greater than it is now. It would have to contain a real number to the left of the decimal. What could possibly happen to cause the share price to explode to 30 or 40 times it's current price?

The company's IP may be worth a lot more than the investing public realizes but that much more? It may be unique but can the world function without it? Is there now or will there be other IPs that can do the job just as well? 

If the miracle we're looking for happens, it'll have nothing to do with the current share price. It will be an anomaly.