Not entirely true. An equity price in the toilet means you might have to borrow money if you need a big chunk. It also weakens your ability to use stocks to pay employees which in turn requires additional cash outlays.

TL;DR: Companies still depend on equities as a funding mechanism.

and if a company is trading low, their trust is also low, am I wrong? They would will need to trick people into giving them money upfront (preorders?) or borrow from 3rd party to cover a product that will sell and bring cash.

nevertheless, I didn't mean they can't fund it because of low stock price, they got lots of free money from Polish government development fund, but CDPR delivered only 4 big games and only 2 were big hits, The Witcher and The Witcher 3. CP77 sold in many copies, I have one too, but I'm not buying them unless they prove it's worth the price. They completely lost my trust and employees with internal knowledge, who were committed to make Witchers a success story.

Previously delivering 2 (or 3) good games, having stock prices high during that time, getting free money from development fund vs now stock price low, trust in company and their quality dropped, 5 projects in progress? Aren't they shooting too high?

"Trust" is a broad term, so not the one I would use. It's more about expectations of future dividends (and expectations of other market participants' expectations of future dividends, and that goes on until some Nth derivative of the stock's underlying value, also because "growth" is a derivative of "future dividends")

Nearly every stock in Tech is down a lot this year. High growth, low profitability stocks are generally underwater. You'd have to compare their stock to similar companies to see if they are down more or less than those comparable peers.

> hey would will need to trick people into giving them money upfront (preorders?) or borrow from 3rd party to cover a product that will sell and bring cash.

My take on that is that with Witcher games and even with Cyberpunk they made a lot of money. In fact they made the amounts not often seen in Polish economy (I think at some point they were most valuable company in Poland). They should have a lot of cash saved, no need to borrow money.

EDIT: In fact I did find the info about their cash reserves and they are about $220M, which might not seem much from US perspective, but in Poland it is equivalent to their 3 years expenses.