I have just discovered this company and doing some...

I have just discovered this company and doing some investigation. Looks to have some promising things happening in the medium term later in the year. Am I right in reading that the CEO put something in the vicinity of $350,000 for shares at a similar level to right now in the recent capital raising? Was that cash payment by him, or gifted to him in lieu of wages?

As no matter what is going on around the company, if the CEO actually put that kind of $$$$ in - surely he would be in the best position to be confident in the medium term at least.