What really caught my eyes is the Christmas prediction. I used to work for a startup that ended up belly, hmm, sideways, and the process a -lot- longer than I expected. Money ran out in November. In December, they laid off 10%, and then there was always someone to cough up some money to make the whole thing going, until June, when the company was bought up (and I said goodbye) - it took another 6 months for the new owners to decide to get rid off the team. It may have been lucky for us, but generally: belly-up takes time.

But, it doesn't really change the fact that your bosses appear to be not the nicest people in the world.