By all accounts it is the largest sum of money PO has put in to one of his companies ever. I don't know if he invested in Norwood 1.0 though. I agree that's a bullish signal.
Why aren't Paul/Tott buying on market if the telco deals are a guarantee? During CoVid plenty of directors bought on market as a show of support.
Surely if you've got $200k for a CR you can find $50k for an on market buy.
Obviously on market purchases don't help the company in terms of finance, but it could do the sentiment the world of good.
Senior management without skin in the game (Tott) are basically saying that any investment other than Norwood is better. Where does he put his savings you have to wonder?
Ann: $200,000 Convertible Note, page-80
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