Not necessarily. Should those invested in this company still...

Not necessarily. Should those invested in this company still believe in the vision, a CR would be enough to cover the loans. I have always been happy to take a punt on this company, as the upside is large, and if there are enough others like me willing to invest (gamble), in hope of the potential uptake by large companies of the tech being developed, it is just a question of which comes first, the believers cease to believe, or we actually develop a product others are willing to pay for. Bahay's losses are limited to the amount of skin he has in his own game, and that he will cease to draw a salary/bonuses/performance rights should the company fail.