He didn't assume all the debt, so therefore he assumed some of the debt. My comment wasn't intended to downplay his generosity and goodwill to the company. Yes, $2.3 million is a lot of money and has helped GNPT greatly. Would love to see a reduction in interest expense before a buyback is started. Would be easier to obtain cheaper financing in the future if it's needed.
Not only has the CEO assumed a good deal of the debt and if we speak of having skin in the game like several folks here he's got it imo.
The CEO owns 38,856,364 shares ( from the last 10k ) and I'm betting they are at a much higher pps. Also as I have been told there are an additional 8 mil restricted shares and I need to find those.