You could very well be right. I tend to believe that it's been a lock for some time. No reason why the company/partner could be sitting on it until what ever is going on gets done.
Also... could be to see the finished result of the FTG to further negotiate the " other considerations".
Since the early results are looking good, I think were in very good shape going forward.
I agree someone is getting cheap shares served up on a silver platter. This theory implies all ERHC shareholders will get a nice lift when the news is announced. So I will not complain if we all enjoy a breakout in share price.
However it is a much easier to enjoy a profit when you have held the shares for days as opposed to years.