Well of course the reward factor would be greater and well it should be, as he could of just used dilution instead of his own money. The fact remains that the business has to succeed to get his reward and again I say, that speaks volumes to his belief and commitment to the future success of this company. I think you are over looking the big picture to concentrate on a smaller issue. I would much rather see the CEO invest $300k than additional toxic financing. Wouldn't you? Cheers!