"I'm just stating it's [SFMI's debt] something that should be questioned and watched and not ignored."

Everyone on this board (the regulars, anyway) are serious investors and well aware of how much debt SFMI has. This is not an iflub full of newbies, trolls and bozos. We are also well aware that SFMI's debt is extraordinarily low for a startup that has gotten to production, not the "huge amount of debt" such as the $40M+ of Northern Star to which you compared SFMI. Those who have been to the meetings and who have seen the setup and have seen how SFMI operates know that PQ is pretty tight with money- he even got the vault door off of craigslist. While I'll certainly still read the filings and be aware of the debt, I have no reason to believe that SFMI is in any danger of the debt suddenly blowing up or SFMI going under. They will be financed to profitability. Period.