I think its good news - yip !
Consolodating - finding a loans firm - that believes in pyd. Giddy up -
I think this move is - significant - streamlines them - safeguards them ridding of the debentures - i like that - and consolodates all outstandings under one umbrella - who appear to be all for pyd - again reread that... think about it.
Also - i agree with Joe - it will allow for the organic funds to be exercised far sooner - than what was once the former - and that means far faster growth.
I'm extremely interested in the ratio - of pyd gross earnings and then convert that gross figure to cdn currency - then with the gross cnd figure what is the ratio of outstandings based on the new terms ?
If such a ratio allows for faster growth - then the aspect of breaking free from the tethering and hold back in many ways - - will allow pyd to grow far faster - and evenutally tip the ratio scales - based on ample growth - to surpass the outstanding and have greater sums of revenues.
Lastly having a creditor that favors and which allows pyd to begin anew - rather than - what was the former of ....
Clean up the past - move forward with a friendly fresh start and grow like crazy - maybe this will be the move that benefis - whereas - more larger interests will jump in - and not just a party for one - ?
Wango ~