This has nothing to do with the share price, it is totally irrelevant. The problems are fundamentally a company that is burning real money into keeping the doors open.
The stock offering and unfortunate owners of the same are screwed and were simply a means of generating more cash to pour on the fire.
If you are awaiting payment as a former employee, you will be on the list of unsecured creditors. The banks and finance companies with secured debt are on the list of secured creditors, and a long way ahead of you, unfortunately.