I know what you said in repeating what Tom said. But he doesn't say "paid off" specifically. While one can interpret it anyway they want...he has used the same terminology in the past (prior to the last 10K) and many thought it was being paid off (with revenue or equity investors). Yet...we discovered via the 10K it was conversions and NEW convertible debt that "removed" the debt.
There is nothing to suggest that his use of "removed" is any different this time.