I didn't say that. A reality check should include reading the posts properly before response.
"bottom line is they can't mislead shareholders"
My comment about the company issuing a PR about the company's efforts has nothing to do with 'sugar coating' the implication of the default notice nor any effort to 'mislead shareholders'.
What it has to do with is giving due equilibrium to a material event. That isn't improper communication whatsoever and is done often in situations such as the one confronting NCEY.
The default notice presents the risk, it doesn't set the outcome.