The 90-day period (including the 30-day extension) in which Schulze was supposed to make on offer to the BOD expires a week from today on Sunday (12/16/12).
IF an offer comes, it must come this week. Otherwise, by rule, Schulze needs to take the buyout directly to shareholders in January.
This is my understanding. YMMV.
I thought that time period was for him to do his due diligence. That's not a deadline for submitting an offer. An offer could still come later. This is IMO.
I will gladly sell him my shares for $24 per share, the low end of his original offer.