A lot of fear, uncertainty, and doubt here. Of course the banks backing out along with the founder is a bad sign. However, quoting "they may expire worthless" from an SEC filing and citing that as "evidence" is weak; SEC filings are full of what-if scenarios. From where I sit, $4.8 million in cash is plenty of runway for 100 people, even if it is a bit stiff for California. I'm not saying it won't shut down, but some of the specific arguments about why its demise is coming didn't land with me.