>>25651877It's a likely half-true interpretation of that fact. A lot of investment in the sub-10M range is done through debt-structured arrangement known as "convertible debt". It's not technically the same thing as being "in debt", but it does mean that they need to make back at least that much (or more) in the value of the company, or their investors can force them to sell, or close down, etc. I'm waaaaay oversimplifying here, and this is assuming they even did things the "normal" way, which we don't have proof of (and likely never will).
