I think the PR they released this morning may set some of your concerns aside for the time being. They specifically address the default issue.
I think that the issues you raise are not at the top of the list for things to be concerned about at this time.
Aug 17 (Reuters) - Home Solutions of America Inc. (HSOA.O: Quote, Profile, Research) said it was seeking lender consent to make payments to Brian Marshall, a director and executive vice president, as part of a deal related to the Fireline Restoration seller note.
If the company did not get their consent, it would restructure Marshall's agreement to avoid triggering of a default, the company said in a statement.
However, there is no default due to entering into a deal with Marshall and the company is able to borrow under its credit facility, the provider of recovery and restoration services said.
Public Disclosure: If it sounds too good to be true, I probably have it in my portfolio.
(Don't make any financial decisions based on my posts. You've been warned)