Umbra, I think SEO has the ability to wait - for whatever he wants - he does not need ERHC to live in the stile he is accustomed to.
Since he can wait he wont sell for less than he deems a good price, whatever that is he can wait for development down the road if he can't get his price. If he has what he is supose to be worth, or as I believe half of what he is supose to be worth he doesn't have to run a fire sale.
Would he like to sell out, maybe on his terms, I believe he always has the next deal or two or three sitting around waiting for him to make his move