I don't know where you are from, but where I'm from the private initiative and enterprise is always king. Companies aren't ruled by the stock market, the are ruled by people. The stock market is mainly just a mechanism to place investments, to spread your risk and capital and get a higher return than putting money in a bank or purchase gold and diamonds. In return, the companies get fresh cash. And of course lots of people speculate.

With the results Nokia have, fresh capital from the stock market is out of the question in any case. This means that the stock is irrelevant. The only way for Nokia to survive is the current major investors don't loose faith, at least not before they start earning money again. If they run out of money, then the only hope is that the investors inject some, which I believe they will if it comes to that. But they typically won't do that before the company is slimmed to the bone.

If you believe that Nokia will make it, now is the time to invest. But that is high risk speculation. The current main investors aren't doing that, they are trying to make it work. They are interesting in Nokia making profit, and are in a position to guide the ship. They are in for the long run, with no intentions of jumping ship if/when the stock price rises.