This is an example of someone trying to create "FUD," in my opinion.
but in any event it has priority claim on the co assets over any stockholder claim.
You raise some legitimate issues when asking about terms of notes, etc., but this has been raised many, many, many, many times before and most of us believe the company should provide the terms and details. I'm not arguing with that. In fact, I urge the company to give all material details. I believe that share prices rise with transparency.
However, this type of statement quoted above basically says that a creditor has priority over a shareholder.
That's a great big "duh."
Oh - and in case someone doesn't know what FUD is, it's Fear, Uncertainty and Doubt.