Not really, there were recessions before. They still produced gold plated M3, M4, M6, they produced a gold plated Barnack in times of severe poverty.
Leica has always been a company that caters to a higher end market, people seem to have forgot that all of the M series were epensive cameras when new, yes their quaity control has gone down, yes they are not as responsive as they could be, but its not terribily out of line with their general history.
I'm sure photographers who loved their M4's we're writing to each other aghast at a gold plated M4 that was going to forever live in its box and never shoot a roll. Same for the Barnac, M3, M6 etc etc.
Leica has a history of special editions, and people who pay 22k for a camera are not particularly touched by current situations to be honest, yes they have lost money, but not enough to effect their lifestyle. So I would say Leica has perfectly placed itself to raise 14 million in additions capital through the sale of 500 cameras. Makes good business sense to me.