The Barnes & Noble tablet liquidation is on a much different trajectory. Based on Amazon's actions, Barnes & Noble miscalculated the discount needed, it doesn't have as many to liquidate, or Amazon enjoys pouring salt in the wound. Amazon is so competitive it won't let the Nook curl up in the corner and die in peace. BKS Revenue Per Share TTM data by YCharts With all that said, shareholders have an unusually bright spot and motivation to maintain their position. The reasoning why a new CEO wasn't named at the time William Lynch resigned is compelling. It's no secret that Leonard Riggio is interested in taking Barnes and Noble private. One plausible scenario is it will be easier to recruit quality talent after the uncertainty of a buyout is complete. Another is Riggio wants to take the helm again as a private company, and he is positioning himself now for that role after a takeover. Either way, if Riggio and or others take Barnes & Noble private, existing shareholders can expect a significant premium from today's trading range. I think Riggio may wish he picked the keyboard to the head instead, but for shareholders, allowing more time to see how it plays out could result in a big payoff. At the time of publication the author had no position in any of the stocks mentioned.Follow @RobertWeinsteinThis article was written by an independent contributor, separate from TheStreet's regular news coverage.