TELK only has $3 million cash left...that's 1 1/2 quarters to go = 4.5 months
TELK loses $8 million cash in a year and lose approximately $2 million cash per quarter. They had $5 million at the end of Dec. 2012 as per their earnings news release today. Since another 3 months (Jan-Mar 2013) is now almost gone, that leaves TELK with approximately $3 million in cash left ($5 mil - $2 mil = $3 mil). Simple math.
TELK is looking pretty dire right here. They are a very early stage research company and so I don't see how they can manage raising enough capital without plunging below $1.00 again...and again facing a delisting. The cycle seems to repeat itself with TELK!