You can't be serious! Sinopec has everything to gain from the demise of ERHC Energy. If they could pick us up for a song they would giggle all the way to the Great Wall!
Contrary to your view, there is no logical reason to think they would be forthcoming and help ERHC! *They* are on the hook for the costs. If they believe in the assets it only makes sense to drive ERHC out before developing them.
Your reasoning is totally flawed.
When majority shareholders don't trade their stock, the price is set by the minority that do. Managements must satisfy the minority.