Why does Sammy need some extra time?

Maybe, just maybe, DM gave them an option.

1. We are so sure you infringed, we will continue with the case and Markman as scheduled. And we will petition for treble damages at the jury trial, unless:

2. You can make an offer for the outstanding shares to buy the patents and obtain nearly exclusive rights to the patents. (You will still have to honor the current cross-license agreements with the first six settlements.)

We will give you until October (18 or 25?) to perform all the DD you need to make up your minds on which option you select. Just remember, if you want control (of the flash market) with these patents over the REAL BIG FISH in the pond, it would make sense to acquire them now, rather than after the patents have been "diluted" further among your competitors..... whom we will be naming in the future, should you wish to proceed to trial.

If you were in their shoes, which option would you choose?

If you knew how much Sammy offered Sandisk $6,000,000,000 in an attempt to corner the memory market (and to do so, have the ongoing liabilities associated with a brick and mortar operation... as well as other competition) how much do you think EDIG could fetch for the patents..... after significant DD but before "dilution"?

We could either have an annual meeting to announce past results, and future IFE applications, or whether to accept or reject an offer.

I think they left the door open on that one by not specifying a date.