Their agreement gives them high interest payments off the top, plus puts them in position for preferred shares that give them a dividend for the long term, and puts them in front of the common stock holders in case of a bankruptcy... No, their deal was fine, they knew they had Aero right where they wanted them and squeezed them for the deal that was most advantageous for them.
Don't call him a "d***" for being bearish on the stock... He's exactly right. The numbers were so bad that it ruins any good news from the recent past. Now we're back to just wondering if this company will survive.