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HUGE NEWs!!!!!!!
Straight from a key shareholder of Banro!!!
I just saved a LOT of money on my insurance!
I'm average in at .51 cents.
So your all the way down comment does not apply to me.
I think my emotion in my posts, especially when I was concerned about the Liberty Boys stems from the fact that i have ever penny of my assets, every penny of my available credit, essentially my entire financial future (and the financial future of my family) riding on Banro.
I REALLY need this trade to go well.
I would venture to guess that I have more % wise and more personal debt invested in Banro than most!
Does that sound crazy? Yes sure. But, if I'm right, If the suspected 90+% insitutional investment in Banro is actual, if Banro really does have a 2nd mine coming on line......
Then this one trade could change my life.
So I'm either going to a Banro shareholder party, or my investment days are over.
Long and Strong Banro!!!!!
I appreciate the shout out. And I really appreciate all of the digging you share with this board. You know, I'm so use to the posters from yahoo finance, I think I have become very cynical of message boards, and the people that post on them.
Are you trying to tell me that this is a legitimate message board with actual investors like myself just sharing their knowledge and feelings?
Can that really exist in this day in age?
I look forward to reading your posts, and others, and sharing my thoughts and feelings as we go through this period of potential with Banro.
If you are not some guy working for some firm creating this blog with an "agenda" to mislead, with a myriad of aliases on here posting, it will be a breath of fresh air for me.
I apologize to anyone on this board that my have been offended by some of the "emotion" and "distrust" in some of my previous posts.
And Tech, thanks again for your contributions. I've been following your information, and doing my own DD, and so far, it seems to me you are spot on.
Could I have possibly found the most over-sold, potentially explosive stock in the entire market? perhaps
Could I have found the most interesting and enjoyable stock forum I have ever exerienced to date? I think so.
Cheers! Long and Strong Banro!!
So on Banros news release of the Proxy being dropped on their website, they mention the following:
"While this process has been very costly and a distraction to management and the board, Banro remains focused and is confident that the clarity achieved through shareholder engagement will better enable the Company to proceed with business at hand and continue to enhance value for all shareholders. "
Anybody care care to guess what this cost the company in terms of actual cost, and what if any time line loss?
I'm not experienced with these situations, so I'm hoping someone might speculate with more experience.
Happy Birthday Moosey
My Banro Holding Friend!
Techamental Logic......you know I posted this information already right?
Not looking for any credit or anything. I am glad that you find this as interesting as I do.
I told some friends of mine, what we have here is either a buyout situation, or.....drumroll...... a runner.
Now, if it's a buyout, then my guess is it will happen pretty fast, and we all get PAID....Hooray!
But....what I am really hoping...is that China Gold works out a deal with Banro to finance the other two mines....for a cut of the kitty.
Ideally, that would benefit all shareholders the most, since there would be no further dilution, we would move toward maximizing long-term revenues / profits with eventually 4 mines, and the only negative is, we have to share the profits of the final 2 mines.
However, IMO, if gold moves up over time, how far Banro could run in this ideal scenario is very exciting to me.
Normally, this talk sounds even to me like it's too good to be true, but with 90-95% institutional ownership, I am secretely hoping that what we have here....is a runner!!!
Cheers to all Banro Longs!
Yes sir. compared it.
Thanks for the insult.
Hey I was smart enough to load up on Banro with 100% of my assets within 10 cents from the bottom.
We shall see how smart I am won't we.
Long and Strong Banro!
Wow.....Just Wow.
So since we now know Liberty did NOT have the shares to win, than I'm left believing this whole Liberty thing was window dressing to help create mud-slinging / questions about leadership, when people look back and ask the question......Why did Banro's stock price go so low and stay low for so long?
95+% institutional ownership..........check
Profitable company....................check
Financials at 1200 per ounce..........check
Gold possibly heading much higher.....check
Nayoma mine ready for production......check
Folks, I am becoming more sure than ever before, that.....
Our little Banro is a runner.
Boooooom Goes the Dynamite!!
Long and Strong Banro!!!!!
Posting Negatively on Message boards of beaten down stocks defies logic, unless these posters are associated with entities accumulating shares.
Any negative posters wasting time on this board must represent accumulating entities.
Just no incentive to waste time posting negative drivel on a company such as Banro with a stock that is near it's all time low and with limited downside.
Pretty obvious if you ask me.
We won't have to wait much longer IMO. I'm guessing that (based on analysis of this liberty team proxy) that we have either....
1. A Liberty Team win, which will lead to a process that liquidates Banro, and provides at least some upside stock potential.
or 2. A Liberty loss, and a Banro board celebration followed by positive Nayoma news.
Since the liberty team has not managed this vote in a manner that will be successful in landing many voters, they either already have the vote locked, or are a mere distraction and mud-slinging opportunity by insitutions as they pick up any last minute weak handed shares.
Nobody, and I mean NOBODY is prying a single share out of my hands. I've waited this long, I can wait a little longer for a HUGE payout!
Cheers! Long and Strong Banro.
Why would Tegrity or anyone waste their time on a message board of a stock that is already beat into the ground such as Banro?
What would be his motivation to post on these boards?
Why take a chance letting a short position ride on Banro at .44 with potential positive developments that could arrive any day.
Like a news release of the Nayoma mine opening.
Answer: he would not still be short Banro.
So then, why bother posting here.
Hmmmmmm.
Well, I think we can all rule out him actually caring about any shareholders holding Banro.
So why then. Wait, what if you wants all of us....to sell OUR shares.
Well let's see, if he was just so regular guy out there, he could certainly buy a reasonable amount of shares without needing us to sell any.
Hmm.. but wait, what if he was posting on behalf of an Insitution that is trying to Accumulate Banro shares.
Now there's a situation where posting negatively on a message board would make sense. Convince as many shareholders as possible to sell, while the institutions accumulate.
There you have it. So Tegrity existing on this board is indeed a bullish indicator, that Insitutions are accumulating ahead of what MUST be a very Bullish move up on the stock.
Thanks Tegrity, Cheers to all LONGS!!
Basically 1 of 2 scenarios playing out here.
Scenario 1: Liberty boys brought up to help justify ridiculously low stock price, and cover up mass stock manipulation while institutions have accumulated. Liberty boys add fear near stocks bottom that Idiots might take over, destroy the company, mud slinging leading up to vote creates tension with longs, but ultimately this whole Liberty thing is a bullshit parade to provide a historical justification for the low stock price, prior to the reversal.
scenario 2: Liberty boys actually have a majority, and key players on that team will be rapidly moving Banro toward a hasty acquisition while gold prices are low.
Regardless of the scenario, like I have said on many many other posts.....China Gold Wants to buy Banro, China International owns 43% of China Gold. China Gold already worked with Banro on the first mine. Banro will be sold, and this transaction will occur while gold prices are down. The questions left are.....under what leadership, at what price, and how soon.
Cheers!! Long and Strong Banro!!
Wow, breaking news, I posted this last week, and you guys treated me like sewage.
Amazing research Tech!
Mine too, what's your point?
Definitely voting blue, but whatever.
Sorry, Just curious, I wanted to talk about Liberty possibly winning last week, and was shut down and ignored.
Now you guys are all talking about Liberty and what you will do if they win.
So.......I'm sorry, was I ahead of your script last week.
Was it too soon to discuss that on here last week?
Can someone running this board please fax me a copy of your script. I'd like to better time my subject material and posts.
I'll tell you guys when I think is the best time to buy Banro (and I've already stated I am already in, just fyi).
When these jokers who are in complete denial that there is a very strong possibility that the Liberty Street boys may take over the company, and these "Alpha message board" posters suddenly start to shriek, and post how horrible the events are turning out, and then state that they just can't stay invested in a company with such imbeciles at the helm, and when they try and convince you that they know what they are talking about and that they are selling their banro shares, and leaving the board.
That's when you buy Banro shares. (although that is just a guess)
More and more convinced this board exists for the pure purpose of misleading outside common shareholders like myself.
Just my opinion.
But yes, let's NOT talk about Liberty taking over as a possibility, because, well, because we then won't be able to panic in a week when they win and take over.
What a bunch of bs
Wikipedia: Market Maker Manipulation
Churning: "When a trader places both buy and sell orders at about the same price. The increase in activity is intended to attract additional investors, and increase the price."
In this case, the after market trade was to add 1,000,000 shares to the volume, and show a close below the 50dma.
The result is a very bearish candle on the chart for today, with very high volume.
So essentially, knowing the Proxy news would generate new money to look at the stock, they set the stock up technically to run, prior to the proxy news, then drew in a lot of trader money from .45 to .50 yesterday. Today, they let the stock trade in the red all day .47 to .49, and then whipsawed the new investors by closing banro at .44.
Adding a trade of a million dollars, provides a very high volume exclamation point to the chart.
And when Banro opens lower on Monday, the traders that were drawn in to Banro will have been Whipsawed, and will have to sell at a loss.
Just typical Market Maker BS, taking advantage of the proxy battle news.
But you guys keep bantering back and forth about how that bogus after-hours trade is somehow bullish, how the quiet of the weekend is somehow good for Banro, and how there is no way possible (despite the recent 90% ownership of institutions leading up to this circus) that the Liberty boys could actually already have the votes to win control of the company.
Because Lord knows, Proxy Battles NEVER end in your board getting kicked out. And there is no patter here either to suggest this will happen. It's not like the CEO, Chairman of the Board, and the Company Founder were asked to leave recently.
Nope, I'm sure Liberty boys won't be elected in a week.
The only hilarious part of this dialog, is no one on this message board is interested in talking about what to do, if Liberty IS elected in next week.
Shouldn't that be an important conversation that is at least CONSIDERED here?????????
Nah, no chance of that happening. Sheeeeeesh!
What, so MM's slide a 12,000 share order in right at the close at .44 to crash the stock below the 50dma, after stock trades between .47 and .49 all day. Then they add a MM to MM meaningless trade to run up the volume, and paint a VERY BEARISH CANDLE that crashes stock below 50 day moving average ON what appears to be VERY HIGH VOLUME, and you think that is a good thing?
The just painted the tape to make Banro look like it just crashed below the 50dma on 2.3 million shares.
Are you sure that's a good thing?
Looks to me like MM's just pulled off a pump and dump with Banro, and you guys are liking it?
Oh man. They just drew in a bunch of traders on a combination of Proxy news, and technical chart setup, and then whip sawed them.
But I guess that is good news how? Perhaps this liberty thing must be good too, right?
I am growing more convinced by the post, that this board is choosing not to discuss what appears so obvious to me.
Posts are insulting my ideas, telling me to go away, placing me on ignore, etc.
I'm beginning to think that this board will be used as an outlet to direct common shareholders through this "process" of Liberty getting voted in.
Once again, just about any information you can find out there regarding opinions / assistance is generally meant to mislead.
My fears of Liberty boys running this company into the ground, I fear are about to happen, and this board not even being able to discuss this possibility, is most likely further evidence.
As a long shareholder of Banro, all I can say is.....Shiiiiiiiiiiiiiit, I think I just bought the wrong stock again!!!
If my fears are true, my guess is this will get much worse before a buyout occurs, and 85 - 1.25 per share is starting to look realistic for a buyout price.
In case there are any actual shareholders out their reading my posts, I am very scared right now.
I was hoping someone would be able to convince me I was thinking wrongly about this Liberty thing, but so far, I'm being treated like I am posting information that backers of this board would rather not be shown.
I hope I'm wrong. I hope I am posting on here a couple weeks from now that this Liberty street did not win, that the 2nd mine comes online as promised, that the stock is on the way up.
Something tells me this whole thing is being coordinated with China Gold with the intention of buying out any common shareholders that are willing to wait through this whole Bullshit Parade for a very cheap price.
Hopefully, I'm in low enough (not far from current price) that I will make decent money when that happens. Hopefully, they won't make me wait forever for this tiny payout.
And Hopefully, I end up being worried for nothing. I would love for Banro to actually be a reversal story, rather than a Bait and Switch Cheap Acquisition that was planned and timed with the downfall of gold prices.
Hopefully I am pleasantly surprised.
Put call me Pessimistic.
And for the record, I am a real LONG Banro shareholder, that holds common shares.
I have no other motives behind my posts on here, except my pessimistic fear that Banro, while it appears at face value to be a possible reversal story, will somehow be stripped from my hands for a cheap price that I want.
Cheers to the longs here, and I hope my fears are for nothing.
You asked....
"Liberty Street has locked up the Election Already."
Please let us know where you are getting this information.
Thanks,
Badge.
Just connecting the dots.
Why would anyone go through the trouble of setting up a team, unless they knew they would win.
Proxy Battles generally fought to force an acquisition on a board of directors resistant to allowing acquisition.
Tons of shares have been acquired by institutions in the months leading up to this vote.
Three has been very little time spent selecting this board, or even trying to attempt shareholders to vote for this new team.
So if you ask the question....why would a team be setup and very little attempt to convince shareholders, unless, oh yes, that's it, they already have a majority backing the new team.
Wow, that's genious.
Now, I can also draw you folks a picture if you need it.
You asked....
baawaaoversold, if you think its going to happen then why are there so many posters here and on yahoo trying to push their agenda? If it's a 'done deal' then why all the last minute desperation from multiple posters spewing the same thing? Hmmmmm.
Not sure. Perhaps the posters bantering for common shareholders to vote for Liberty helps present a proxy battle that looks more like an actual common share election.
If common shareholders knew the election had already been arranged by Institutions ahead of time, then this whole setup might look like, well, a setup.
Essentially, it's just good PR.
Last I checked......
Liberty street boys trying to throw out board......
FACT!!!
Stock currently hovering 8 cents above 100 million micro cap.....
FACT!!!
NYSE Listing Exemption approved for 100 million micro cap
(Not Verified) - however why would they apply for an excemption they don't need, has not closed below 100 million micro cap yet.
China Gold Corp helped finance their first mine....
FACT
China has documented interest in acquiring mines in Congo.....
FACT
The largest recent shareholders to Buy Banro shares are insitutions......
FACT
Liberty Street boys put in place to throw out board, by group of shareholders that are most likely institutions
(Not Verified)
Lotta facts there, to call this an extremely negative and unlikely speculative viewpoint.
Step 1. Setup 2 mines for production.
Step 2. Hire board with clauses for golden parachutes if bought out.
Step 3. Drag out opening of 2nd mine to keep profits limited.
Step 4. Have partner institutions accumulate enough shares to win election.
Step 5. Replace board of directors.
Step 6. Provide a Dismal Quarter (since 2nd mine STILL not open).
Step 7. Stuggle to maintain NYSE listing due to 100 million market cap requirement not covered in excemptions.
Step 8. Adjust quarterly numbers output to 1100 per ounce once gold falls below 1200, to further hurt quarterly output.
Step 9. More delays for 2nd mine.
Step 10. FINALLY provide an Acquisition process to shareholders, who are sick and tired of waiting.
My guess for this acquisition price.....(1.75)
Which is why I'm long Banro. Don't expect too much folks, China Gold helped finance the first mine. Don't forget that.
China Gold wants Banro, and they are not going to chase an Acquisition price, they will bring Banro down to earth and buy it cheaply.
The Liberty Boys did not come out of no-where. And they would not exists unless the people they represent, KNEW they had the votes.
I am long Banro, I am hoping for an Acquisition price of 1.75, I wish Banro would be left alone, so I could stay long, but I am 99.99999999% sure Banro will be bought out, and for cheap.
Face Facts....Liberty Street has locked up the Election Already.
Now, lets discuss what we think will happen once Liberty Boys are running Banro.
Here's a couple of interesting questions to ponder.
How long must we wait for the Gold Corp Buyout news.
What will the stock do prior to the Buyout.
What will the final acquisition price be?
Oh and while we are talking about interesting topics, here's one, Does the exemptions that the NYSE Listing have granted to Banro, include 100 million Microcap, since that was our previous bottom.
Once Liberty wins, will the stock be driven down below 100 million micro cap, and cause an NYSE delisting, during the time China Gold Corp works feverishly with their Liberty Street boys to carve out a tasty cheap sales price for Banro?
Just figured that would be part of the plan.
Here's one more, Are the guys running this board planning to stick around once the Liberty Boys get voted in, or will they continue to post here about Banro?
Wow, tell me what you really think!
Not sure why you are so closed-minded about what I am suggesting.....
In an acquisition, a lower price benefits the buyer, a higher price benefits the seller.
Gold prices are down right now, and Banro has debt to pay down, and has not brought the 2nd mine online as of yet.
NOW, if Banro were to be acquired the price of the acquisition would benefit the "Buyer".
Now once Banro has two mines operating, pays down their debts, and gold starts heading way up again, the acquisition price would benefit the "Seller".
The reason Liberty boys exists, and we are talking proxy battle, is because Banro current leadership has not courted an acquisition because....A, the offer is too cheap, or B, they think Banro will be worth much more later.
So if enough shares can be accumulated by institutions to force a buyout.....right now, by throwing out the board, then Banro will be bought for a much lower price than they would say, at Gold 1900, which we all agree is where gold will eventually head again.
So to sum it up, Liberty street boys = take over board and force an acquisition at a cheap price.
Question for the Banro Message Board....
And I think this is a very valid question, and I am especially curious about the answer of Technamental.
When the Liberty Boys win the election next week, are you going to stay long Banro?
I ask this because I am 99.99999999999999999999999% sure that the Liberty Boys already have the votes locked up to win.
Isn't my central point that Liberty will end up getting voted in, and already has a majority? Why would "someone" go through the hassle of putting together a "team" of directors unless they knew they could win?
And maybe, just maybe, their lack of pure dream team, and lack of careful planning, and lack of a clear plan, has more to do with the fact that THEY DON'T HAVE TO CONVINCE SHAREHOLDERS TO VOTE FOR THEM.
And why would they not have to convince shareholders to vote for them?
BECAUSE THE GROUP OF SHAREHOLDERS RESPONSIBLE FOR THIS LIBERTY ALREADY HAD A MAJORITY!!!!
Duh!
And you guys keep posting over and over and over about whether this Liberty team can "manage" the company?
They don't really need to. Just Sell the company.
Duh! Only question left, how much can we get.
Hey I'm long here too! my guess somewhere between 1.25 - 7.00.
Where in that range depends on Gold prices at the time of the aquisition, how well the company is managed up to the aquisition, and how much Liberty is truly concerned about the Common Shareholder buyout price.
Pretty clear cut, plain and simple.
You guys have this one wrong.....
Liberty Street already has a majority.
They will definitely be voted in next week.
They will definitely take steps to sell Banro.
Banro will be bought out by China Gold.
What I'm still fuzzy on is for how much.
Buyout will range somewhere between (1.25 and 7.00)
Ha ha, yes I know, large range.
Why so large, simple, Gold prices.
1.25 = 950 per ounce / Liberty mismanagment / Congo crap
7.00 = 1500 per ounce / Liberty Serves common shareholders / No issues
I'm honestly not sure yet which one will play out.
But I'm pretty darn sure, this Liberty would not have appeared if the shares to vote them in were not already in place.
Anybody on this board agree with what I'm suggesting?
Thanks for an intelligent response.
You are basing your target price on 1250 gold.
Knowing that China wants to buy these gold mines, and knowing that they have already said that they think the asset estimates for these miners is too high.....What would stop China from starting a gold dumping campaign to drop gold prices just long enough to buy up their target gold mines.
For example with Banro, they based their earnings on 1200.00 per ounce gold prices.
What would happen if gold dropped to 1195? Would they then base their earnings on 1100 per ounce? My guess yes.
So if gold suddenly starts to sell off ( by china dumping gold into the market and buying us treasuries ) and all these friendly insitutions have analysts come out of the wood work again and project gold to be heading to 900 per ounce, what would Banro's sale price considering current debt, and asset adjustments then be?
my guess, .85 to 2.50. What do you think specifically about this scenario?
Topic For Discussion....
(Connecting the dots)
Step 1: The institutions accumulate to control vote, and get "the BackAlley Boys" into controlling positions.
Step 2: The BackAlley Boys win the election, Hooray for China Gold!
STep 3: The proceed to drive the bus off the road. Woops! Man Sorry, guess we didn't know what we were doing after all!! Golly.
Step 4: Banro shares fall below 100 million market cap.....Uh oh, Banro's "exceptions overlooked" with the NYSE will not overlook 100 million market cap rule. Wuh Who. NYSE Delisting Notice Goes public.
Step 5: All the common shareholders cry out in unison. Ahhhhhh!
Step 6: Double Secret Covert Insitutions on the inside of this deal not worried about common share price, their gravy will come with the acquisition deal from their Backstreet boys.
Step 7: Gold corp offers just enough for insitutions dollar cost average to be close to break even (probably 85 cents) for Banro.
Step 8: shareholders happy to take anything near a buck, after all the stock was tanking before.
Side Note: Don't forget China INternational owns 43% of China Gold. And China INternational (represents all of Chinese govt interest in gold in the galaxy). So don't be surprised if while China is preparing to buy up Banro, and all the other miners, that China is suddenly flooding the markets with the gold they have been hording.
And guess what, Goldmann Sachs was right all along, gold was going to tank. They just have to go to bed with china, and they can make money on this whole deal!!
So China (atleast in the short term) by tanking the gold market with the correct timing, will be able to buy up Banro, and who knows how many other gold mines at pennies on the dollar, and Banking insitutions laughing right along with them.
Yeay!!! Go China INternational, Go China Gold, Go Banro, Go Liberty Street, and thank you Blackrock, for handing of Banro to the Chinese at the expense of common shareholders!
Just connecting the dots here folks, and I'm not sure I like what the picture is starting to look like.
Then again, Banro could sell for more than 85 cents. knowing the the "inside institutions" on this deal don't want to TOTALLY PISS OFF the other institutions that probably jumped in (following the herd) and knowing that the directors that are about to get kicked out have substancial options that vest at .70 and .80 per share, perhaps a price between 1.25 - 2.50 makes more sense, to avoid legal entanglements.
Hard to say what the final buyout price might be, but I am pessimistic because I'm pretty sure it will be China Gold, and that company has China (which is one of the few entities in the world that can actually affect the gold prices significantly) and knowing China wants the Congo Gold Mines, why not run gold prices down, while they are buying up these companies!
Just connecting dots here folks, but how many times have you heard the media talk about how China was buying up the gold. What if (even for 6 months) China started dumping gold, and during this time, they bought up a bunch of mining companies?
And if this was going to happen, wouldn't it make sense for insitutions to try and capitalize on it?
Just sayin.
Simple,
Step 1: The institutions accumulate to control vote, and get "the BackAlley Boys" into controlling positions.
Step 2: The BackAlley Boys win the election, Hooray for China Gold!
STep 3: The proceed to drive the bus off the road. Woops! Man Sorry, guess we didn't know what we were doing after all!! Golly.
Step 4: Banro shares fall below 100 million market cap.....Uh oh, Banro's "exceptions overlooked" with the NYSE will not overlook 100 million market cap rule. Wuh Who. NYSE Delisting Notice Goes public.
Step 5: All the common shareholders cry out in unison. Ahhhhhh!
Step 6: Double Secret Covert Insitutions on the inside of this deal not worried about common share price, their gravy will come with the acquisition deal from their Backstreet boys.
Step 7: Gold corp offers just enough for insitutions dollar cost average to be close to break even (probably 85 cents) for Banro.
Step 8: shareholders happy to take anything near a buck, after all the stock was tanking before.
Side Note: Don't forget China INternational owns 43% of China Gold. And China INternational (represents all of Chinese govt interest in gold in the galaxy). So don't be surprised if while China is preparing to buy up Banro, and all the other miners, that China is suddenly flooding the markets with the gold they have been hording.
And guess what, Goldmann Sachs was right all along, gold was going to tank. They just have to go to bed with china, and they can make money on this whole deal!!
So China (atleast in the short term) by tanking the gold market with the correct timing, will be able to buy up Banro, and who knows how many other gold mines at pennies on the dollar, and Banking insitutions laughing right along with them.
Yeay!!! Go China INternational, Go China Gold, Go Banro, Go Liberty Street, and thank you Blackrock, for handing of Banro to the Chinese at the expense of common shareholders!
Weeeeee!
Ignore me? Really? What is so outlandish about what I am suggesting? Institutions accumulated Banro (possibly 90+%) and a small cluster of them own over 50% of the shares. That means, they can control the vote. Suddenly, just as the Nayoma mine is ready to Vomit Profits all over the place, (Just after Gramercy jumps in with their shares) and out of no where, WE COMMON SHAREHOLDERS MUST THROW OUT THE ENTIRE BOARD. CEO gone, Board of Directors....ADios!.....Company Founder, See Ya!
Now we have a Proxy Battle, when it is SO FREAKING OBVIOUS, the majority shareholders (aka BlackRock, Gramercy, etc) control the outcome of this Vote.
All they have to do is vote out the board, and their version of the Back Street Boys....Oh sorry, Liberty Street Boys, swoops in just in time to Mismanage the company, delay the Nayoma mine production, screw things up with the Congolese, ON PURPOSE.
Why would they do that? Because the Institutions these boys represent have been working behind the scenes with China Gold Corp, to orchestrate a VERY VERY VERY VERY VERY CHEAP BUY OUT.
JUST CONNECTING DOTS HERE FOLKS, DIDN'T CHINA GOLD ALREADY CUT A DEAL WITH BANRO TO HELP FINANCE THE FIRST MINE.
DAAAAA, Doesn't the Chinese already planning to move into the Congo, but they say Asset Value estimations too high.
Daaa..... These insitutions will be setup with the Parent Company, due to deals that will be worked out with the Back Street Boys.
Don't worry your heads my fellow common shareholders, we will get ATLEAST 85 CENTS PER SHARE WHEN ALL IS SAID AND DONE.
Classic Bait and Switch.
LIBERTY STREET BOYS ONLY JOB TO HAND BANRO TO CHINA GOLD FOR PENNIES.
Is there really anything else here that needs to be said?
You’re not fooling anybody when you say that what is happening is an unplanned event. You’re lying! It was not an earthquake, it wasn’t a typhoon! Because what’s really happening is that you’re hiding something out there! And it is going to send us Under 25 cents!!!
SO THESE CANADIANS THINK WE CAN'T TELL A SETUP WHEN WE SEE ONE.
CLASSIC BAIT AND SWITCH.
NEW MANAGMENT MISMANAGES COMPANY, CREATES MASS SHAREHOLDER HYSTERIA.
COMMON SHAREHOLDERS BEG FOR A BUYOUT AT ANY PRICE.
CHINA GOLD GET'S IT PROPERTY, PAYING PENNIES ON THE DOLLAR TO DEVELOP THE MINES.
WALLSTREET'S MESSAGE TO ALL COMMON SHAREHOLDERS.....SCREW YOU!
Can't wait for the Bullshit parade to be over.
Just tell me what the Crappy buy out price is, so I can move on!
SO FREAK'N OBVIOUS WHAT'S GOING ON HERE.
Baited investors into common shares, at higher prices, then at the bottom, with the New Mine coming online (finally, talk about kicking the can, was suppose to be open in 2013) and shareholders can FINALLY get a return on their shares, and BOOOOOM.....SO SORRY, WE ARE CHANGING OUT MANAGMENT, SO WE CAN RUN THIS DAMN THING OFF THE RAILS, AND SELL OUT FOR 85 CENTS.
Just give me my damn 85 cents so I can move on already.
Jackoffs!
I think they are all part of "machine" that is driving this stock down.
Every negative point you can make on Banro is temporary in nature, and most of it is in the past.
They are only after taking over the company for as little payout to shareholders as possible.
This while thing smells like a Bait and Switch.
This Bait and Switch operation takes inside support.
I am not voting for a single one of these Jackasses.
Banro growth is coming, and we don't need outside Bankers pushing the board to agree to a "Red Light Special" on Banro shares, while the gold prices are low.
FOLKS....REALLY, ISN'T IT OBVIOUS WHAT THEY ARE TRYING TO DO?
Replacing an entire board of directors / ceo / founder / and chairman of the board can have DRASTIC effects on the company's success. Upper level managment can be ousted. Bad decisions can be made. Connections with local government (Congolese) would be negatively effected. The entire company can become unstable.
Doesn't this all play nicely into the BAIT AND SWITCH LOWBALL AQUISITION scanario.
This LIBERTY "Throw out the board" crap has got to be the most risky, crack pot scheme I have ever seen, and we are supposed to just accept this idea?
It's a setup. Banro will not hold onto the mines, the mines will be owned by a new company, free of the common shareholders that helped finance the devlopment of these mines. Banro is being setup for a very very cheeeeeap aquisition.
Not sure how far up the food chain this planned takeover goes, but the prospect of a 10 year tax holiday for both mines seemed too good to be true.
Perhaps the Congolese agreed to this knowing that Banro would never survive long enough to extract sizeable wealth out of the mines.
Maybe this whole deal that is about to go down in the coming months is being pressured by the Congolese. Who knows.
Banro longs, just my opinion, but you won't like the final number. Banro traders, if your close to the bottom, you will make money and move on.
My Rant is done for now. Cheers!
Now we know Braised007's agenda. I just wonder how many aliases on this board also share this agenda.
Guys, the company has been through hell and back, but both mines are ready to gush gold at 800 per ounce cost. Profits are about to gush all over the balance sheet.
NOT ONE OF THESE JACKASSES FROM LIBERTY HAD ANYTHING TO DO WITH DEVELOPING THESE MINES!
Why do we want to reward a bunch of OUTSIDERS with a mine company and THROW OUT the people that got us here???
Makes no sense, unless of course, this whole SCHEME is just another classic BAIT AND SWITCH to setup a LOWBALL Aquisition, that SCREWS COMMON SHAREHOLDERS OUT OF THEIR INVESTMENT.
Thanks Braised for using your efforts to support a bunch of OUTSIDERS during this CLASSIC BAIT AND SWITCH.
Just wish I knew what was in it for you, ALAS, I am but a lowly common shareholder of BANRO, soon to be WHATEVER company, for WHATEVER crumbs they will toss my way.
so I see you are taking "liberty's" suggestion to THROW OUT THE ENTIRE BOARD pretty lightly Aye?
So we have two operating mines ready to go to full production and of the management that got us here, and navigated the waters of the Congo brilliantly I might add (you do know they have a 10 year tax holiday on both mines right?)
Let's throw out umm, the ceo, the founder, the chairman of the board, and now THE ENTIRE BOARD OF DIRECTORS.'
And who the hell is liberty, and who gives a crap what they think?
They did not build the mines, they did not set this up with the Congolese government. They have not employed 8000 congolese mine workers.
You don't have any problem with that?
If you don't, then sir, I question your motivations here!!