There must be a legal limit on what they can invest. I know when I worked for Edwards Lifesciences before multi billion dollar TAVR was released we were only allowed to buy $21k per year based on Fed law.
The BOD investing in this offering was completely voluntary. If there was a reasonable chance of this program going south, they would have just flushed $217,000.00 down the toilet. Even if they suspect PPS will fall, they can't get out because of insider trading regulations; they would just have to take the beating. Why would they risk ANYTHING unnecessarily unless they felt it was to their benefit? And it is only to their benefit if this project succeeds.