I get it. You are saying since erhe is untradeable the share price will never go up. Instead there will be a buyout for, to eliminate any confusion, more than $1/share. Oops, there I go mentioning price again, but seriously dude, price does matter. Even your own example of a buyout mentions it:
For example, if the conversion ratio were 1 share of TTE for every 10 share of ERHC... then that's $5.21 a share at today's TTE price.
So for clarity I will repeat that the veracity and accuracy of this latest kaboom story of over $1/share in a few short weeks (more likely months) will be on full display after block 6 drilling.