I do not think Bankrupcy is in the cards. The company can always tighten its spending, go to the pink sheets if necessary, and even do horrible financing deals at lower and lower prices to stay in existence. Management wants to keep their cushy jobs and they do have a product on the market, so I do not think bankrupcy is a possibility...
That leaves us with either a partnering announcement soon or a buyout on the cheap. Let's hope we see that partnership deal soon...