Why would Schulze wait? The sales numbers are in. Income will not be released until 2-28-13 (too late for the offer). The longer he waits, the longer BBY will gravitate upwards, causing the buyout required amount to be higher!
Buy it out, turn it arround, go public again. He will make BILLIONS!!
I agree, he has no incentive to make an offer early, if he makes one at all. The longer he waits, the lower the stock will head when longs get nervous and then he can make a lower offer. Also with increasing cash flow problems he has an incentive to wait as BBY may come to him with an offer first!