We may be sold yet...
Obviously the market is concerned about the current cash situation. On the other hand, the stock is currently valued far below what I would expect the company to be worth if purchased by a strategic buyer. If a partnership (and some up front cash) doesn't materialize soon, the company may have no choice but to join a strategic buyer.
I don't know what we'd get on the market, but with the patents and science that's currently owned by this company (see post #8387), combined with the market opportunity, the current price isn't even close.
This company and it's science isn't going away. It's holds far too much intellectual property to not be picked up by someone along the way. While this would obviously prevent the upside of $3-$4 that some had hoped for, it would provide significant upside versus where we are today.