Divide the assets by the quarterly loss, and the result is how much time they have left. Don't expect another round of financing. A merger on unfavorable terms, maybe. You don't have to participate in the recession. Sitting this one out.
All bubbles burst.
This one just did. The great Internet bubble is over. First we had Internet companies with no profits. Then we had Internet companies with no revenue. Towards the end, we saw attempts to take public Internet companies with no operations.