The initialized statement doesnt appear cause it can't connect to mysql me thinks.
Also, ziomk, blkmond does exactly what the name says, it doesnt prevent loss of shares. It monitors for new blocks on the network and alerts pushpool which sends the Long Poll signal to the miners.
Here is the piece of code from pushpool
if (!srv.db_ops->open())
goto err_out_listen;
applog(LOG_INFO, "initialized");
As you can see it tries to open a connection to the mysql database but it can't so it exits.