reason for poor share price performance

TFS Share performance is dismal at best and this can be squarely blamed on the raising of 150 million in secured notes.
Quote from 17th June 2011 states:- The Notes will be issued by TFS and will be guaranteed by 10 of its subsidiaries. The Notes will be secured by substantially all the assets of TFS and its subsidiary guarantors.
All it takes is one hiccup from Europe and if earnings fall we will find the note holders get TFS and share holders lose the lot.
Risk has increased markedly so the share price has fallen and it will not recover until such times as debt is eliminated.

I think TFS needs to be told what they have done is totally unacceptable to shareholders