Obviously the quickest way to $1.20 is through an acquisition...

Obviously the quickest way to $1.20 is through an acquisition which I do think is a decent possibility.

No particular acquirer in mind but even deals like IPG (IPD Group) acquiring CMI gives a pretty indicator of potential opportunities - admittedly there isn't 100% product overlap but very similar industry and service overlaps. CMI was acquired for ~$100M on an EBIDTA of $17m (exactly on a 6x multiple, although with a greater revenue growth rate than BSA has).

Not saying we would get the same multiple but for an estimated EBIDTA of $21m for the full year:
4x EBITDA = $82m (~$1.13/share)
5x EBITDA = $105m (~$1.44/share)
6x EBITDA = $126m (~$1.73/share)

Obviously there are additional considerations for the remaining liabilities and being able to finance them, so I think there is always going to be a discount down from 6x if someone was looking to acquire but all the fundamentals are there.