So after all they were right and didn't lose ~$300k?
Also, we were near completing a $10k/month enterprise deal but didn't have the runway to finish those sales in time. Additionally, we had Government of Canada contracts at $3k/month in the pipeline, which we did eventually complete. Our software was running on millions of phones, we had enterprise pipeline deals, signed government contracts (hard to come by I hear!) and a darn good team.
Hard to say how it would have played out, but, what's clear to me is that it wasn't clear that the $300k would have been lost.