They had investors and (with their investment being so recent) they certainly had $ in the bank, so you can also rule out the "nice signing bonus" outcome. Wit

They had investors and (with their investment being so recent) they certainly had $ in the bank, so you can also rule out the "nice signing bonus" outcome. With $1M on a $3M pre-money (guess), they'd have to sell for north of $4 for the investors to get a return on their investment.