If an investor or buyer fails to spend what needs to be spent, that money manager bankrupts an otherwise healthily liquid organization. For instance, if my manufacturing company made 15 mil worth of the wrong stuff, but has backorders on a constrained machine, what is the prudent decision? Buy the equipment to eliviate the constraint. If you need the cash to buy the equipment, liquidate the excess product for whatever you can get for it. If you can’t liquidate enough, borrow or sell stock/bond to raise the capital. Grow or die