[lifeisstillgood]

That seems a bit circular.

If there is no value left to get out of a company then the company is worth nothing. If there is value to be got, then there is some correct price. We might disagree on the price but if there are any future profits the company has a price.

[JonFish85]

I guess it depends on how much it'll cost to access those profits. It might turn a profit if it receives another $500mn in cash to keep operations running. But what if it can't, and it needs another $1bn worth of runway to reach it? There's always the hope of a profit down the road, but taken to the extreme, $1 of profit down the road in 10 years isn't worth the $10bn it'll take to get there (I know this is a very extreme example).