I just got the updated number from Scottrade and the TBV dropped from 1.03 to 0.75 per share. At the current burn rate, NOK has two quarters of cash left and three quarters until their TBV goes negative. Not to state the obvious but either the windows 8 phones save them or they go BK by June, if not sooner. By the end of March the stock will either have skyrocketed or plummeted to below $1. We bought straddles going into earnings.