Promoter pledging

Is it bad for a company where promoters have pledged their holding

Market depends upon sentiments. 2 types of sentiments are there i.e.,positive (stcok price increases) & negative(stock price will decrease). Promoter pledging their holding is always conidered as negative sentiment in market. Pledging of holdings by promoters means their is a “CASH LIQUIDITY CRUNCH” in the company or maybe company is in deep trouble.

Thankyou sir