You're right that volume is important. Liquidity is what...

You're right that volume is important. Liquidity is what makes publicly listed companies great.

What is correct here is what appears to be assumed selling of shares at market. Companies don't have a habit of trading at the open market - buy backs are actually rare, as companies don't usually show face they have excess cash to re-invest in their own business. Selling shares, companies sell shares to instos and it is instos that trade those shares at market NOT the company itself.

Below to address something else (not anyone specific) as I keep getting corrected about what constitutes a capital raise whom appears to be kids in their 20s even 30s.

For the broader audience: there appears to be a misunderstanding of "capital raise". Cap raise is not simply via the announcement you read. Sure, that's a cap raise and companies halt trade and all but make no mistake what constitute a cap raise - every time new shares are issued is a capital raise. This includes as form of payment for products and services. Companies don't have to issue shares, sell shares for cash, then use cash for goods and services. No. Companies has the ability to pay using shares, and issuing those shares = capital raise. Too many know-it-all retail correcting me lately thinks "capital raise" is only by means of the trading halt and announcement they've come to know as opposed to the fact that shares, much like bonds, are economic tools for raising capital. So again, make no mistake - fact - every time even a single share is issued = capital raise. Anyone who doesn't even know this basic fact shouldn't be gambling money on the stock market let alone pretend they'd know better than their elders.