If your company is on solid footing, it shouldn't matter if your stock price is zero (that'd be great, actually; you could buy back your whole company). Your a

If your company is on solid footing, it shouldn't matter if your stock price is zero (that'd be great, actually; you could buy back your whole company). Your argument is functionally equivalent to saying that any number of unfunded and dead startups could have made it if only they'd gotten a $5M Series A round. They didn't because investors didn't think it was a good bet. Public companies that need cash infusions to survive face the same situation -- they are at the mercy of their prospective investors. There is nothing wrong with this.