A totally different perspective, good to see the other side of the coin.
Yes, liquidity is a key factor in any economy, in the first place, it's a red flag for any asset if low, it's basically the first thing an investor looks at.
That said, this raises some questions, how deep can the pHBD pool be? If it doesn't fall below $1m, that could create some amount of demand, I personally believe it might bring in some amount of value...