Agree, but I think he's actually put in close to $18 million? That doesn't even include the several million he invested buying shares on the open market.
As devils advocate, he is now pulling in around $2.5 million annually from salary ($500k) and interest payments (almost $2 mil)...when the company has yet to show a profit. That's far from ideal for a small cap that hasn't shown a profit.
Would prefer he convert all the loans to stock, then he's really all-in. That would wipe nearly $18 mil in debt off the books and reduce interest payments by almost $2 million. Also would likely equate to profitability.
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