One thing to remember... Any settlement would likely involve restricted shares that can't be sold for 12 months or so.
So the share price at the time is meaningless, we don't know what the price would have been when the shares could be sold. As we've seen little in the way of details or actual merger news, I'm of the opinion that the price would have dropped on its own after Sharp ran out of excuses for not having a merger.
Lest you forget, Calasse was offered 10 million commons, which at the time could be sold for .50/share, to simply "go away." The greedy prick refused. $5 million dollars is a far cry from stealing shares, but I digress.