A discussion on a trading site earlier today was about the shares of a particular company for which the price of a share recently dropped below $1.
Today's trading was completely below the $1-range and after losing value the entire day, the stock was worth less at the end of the day than at the start.
However the total volume of the shares traded during the day was about 40 million. So someone made the comment that the company would have raised a lot of money due to the volume.
My question is, would a public company actually somehow gain from the traded volume even if the value keeps going downhill, and if so, what is the mechanism for that?