I still think it comes down to whether or not you believe the company will be successful in commercializing their IP. At their current market cap, 1 or 2 of these projects hitting could send this up 10X and make this debt irrelevant. I see so many ppl quibbling over these financing decisions, but the only way debt will kill this company is if they can’t execute on their innovation. That is what everyone should be focusing on IMHO. Is this technology real and differentiated vs competition? Can they execute on it? If so, that is the only bet that really matters for the long term investor.