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are you serious.
that's pretty lame.
the reason they need bio-metric data is cause of the highly populated areas with lack of infrastructure.
That includes bureaucratic infrastructure and databases with historical data.
I think you really can't comprehend what type of environment these people live in.
Were you born rich and privileged and can't strain your mind enough to understand the geography.
Nothing against rich and privileged...but just cause your born with dough doesn't mean thinking outside the box you live in should cause a stroke.
I'm no beading heart. but these are very simple living conditions and they need to do something to ensure a fair vote.
Stranger danger!!!
Jiongjie Lu has been elected to the Board of Directors.
https://www.banro.com/news-events/news-releases/banro-announces-election-of-directors-20160629
Now that he is on the board as of June 29th and POG is up....
Well I would assume that discussions of long term mutually beneficial objectives can begin.
Well POG is up.
The tone of the market is good.
I tend to get a little optimistic at times.
Hopefully things will continue to go well for you and I and the common share holders.
DRC Elections? Progress.
http://pulse.ng/tech/in-the-drc-at-least-45-million-voters-will-be-enrolled-biometrically-id5234690.html
http://finance.yahoo.com/news/democratic-republic-congo-selects-gemalto-050000598.html
http://www.imperialvalleynews.com/index.php/news/world-news/9949-support-for-facilitation-of-national-dialogue-in-the-democratic-republic-of-congo.html
Long for the long term.
420,000 shares
that was what I was thinking.
I think there has been activity at HQ recently.
Hope it's a good deal for current equity holders.
given POG...I'd assume so.
It might be a good time to address the big bond and leave the convertibles on the table until 2017.
massive volume today in the unsecured bonds.
"unsecured creditors are the fulcrum class"
DOCKET 247
http://www.cnbc.com/id/32657993
DOCKET 247
"2. There is no serious question that unsecured creditors are the fulcrum class in these
cases. Oil prices have been rising, and with them, the Debtors’ enterprise value. The value of
the Debtors’ portfolio of properties in the Permian Basin alone has doubled since December, as
demonstrated by recent transactions involving comparable assets.
3
It would not be difficult for
the Debtors to establish that the Prepetition Secured Parties are oversecured, and so are already
protected from any diminution in the value of their collateral.
3. Notwithstanding this “equity cushion,” the Debtors seek to provide even more
protection to the Prepetition Secured Parties in the form of new liens on all of the Debtors’ assets
– including “$50 million in total value” that the Debtors have conceded was not subject to any
perfected security interest as of the petition date. Tr. 5/16/2016, at 11. The proposed order then
would use the grant of these new security interests to justify imposing restraints on the
Committee’s investigation of claims against secured creditors. "
something's cooking.
the stock is worthless.
I sold my position at 0.70
I own 25k unsc.
Unfortunately, ARP will join the BK club soon.
Being in the bonds I'd rather it didn't...
But obviously...
you are a real dumb dumb....aren't you.
I will not bother explaining what you're missing or how you could make money whatever happens.
EIG cut a secret deal with management.
It's rather obvious
CRIMINAL INVESTIGATION NEEDED
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123756637
March 23, 2016, Kurt A. Talbot, a member of the Board of Directors (“Board of Directors”) of Breitburn GP LLC (the “Company”), the general partner of Breitburn Energy Partners LP, notified the Company that he would resign from the Board of Directors effective immediately.
http://ir.breitburn.com/secfiling.cfm?filingID=1357371-16-318&CIK=1357371
this occurred before the credit facility re determination. [/u]
Assets for the credit facility redetermination would have been valued as of April 1.
So the decision by management was planned in advance.
Equity holders should demand a criminal investigation into the the conspiring of the EIG director and management.
What kind of deal was struck before the director departed.
http://ir.breitburn.com/secfiling.cfm?filingID=1357371-16-318&CIK=1357371
EIG conspired with the management of BBEP
There should be a criminal investigation.
Perhaps yes.
I updated the past post. check it out.
Look at the timing and the statements that were made on the conference call.
They had this panned two months before it occurred.
There should be a criminal investigation of EIG.
"mighty, powerful Bond debt holders"
Thought it was a good letter.
but you might want to understand that it was the big banks... Wells Fargo et. al. who forced this company into BK.
They are the first lien creditor. and they made the decision to cut the credit facility.
And frankly they are a better target.
unsecured would have rather just received their regular payments.
BTW
Second lien may have been complicit in conspiring with Management on the timing of the BK and may have cut secret deals with Management.
EIG the second lien holder's director quit just before BK. While Management was still making positive statements to investors.
===========================================================
quote...
With the rise in Oil prices we feel the Company's asset base has risen substantially close to $7-7.5
BLN, leaving a 4 - 4.5 Bln $ to the Common and Preferred Equity security holders.
With the recent sale of Common Units by the Management we are doubtful, whether the Management's
actions and interests are consistently aligned to support the Equity Security holders interest. We ordinary
individual shareholders suspect there is a 'K' Mart style of operation is being orchestrated by
the mighty, powerful Bond debt holders to take over the entire estate and deceive the equity
shareholders of their rights.
Under these circumstances it is incumbent upon the Court to do the rightful thing to affirm,
uphold and support the rights small minority shareholders interest by way of directing the
U.S.Trustee's office in appointing an equity committee with necessary powers, so that those small
investors interests who invested close to $5 BLN of their hard earned money are not chipped away
by some Wall Street mighty hedge funds who can afford million $ Law firms to wipe out
the minority shareholders interests.
Have you listened closely to the past two conference calls?
I was long but sold at 0.70 after I listened to the Q4 call.
perhaps you might want to take a look at the bonds.
They will likely receive equity in the new company.
ARP is likely to file for Bankruptcy shortly.
I'm long 25k of unsecured bonds.
There is something more than that....I think.
I'm getting the feeling that we'll get a little more than the usual production news.
I'm not sure if it is good or bad but I'd guess good.
Have I ever in the past made such broad statements such at that.
no, I think there's more than that.
There's something cooking here....There is something going on.
Margin raises spur Gold selloff
http://marketslant.com/articles/margin-raises-spur-gold-selloff
PERHAPS WE'LL HAVE GOOD PRODUCTION RESULTS?
I don't have a short position.
In fact my position is aligned with yours.
If the common receive any payout...that means I get par value on the bonds.
which winds up being a 10X return.
Just because You can't comprehend that dose't mean you should assume I'm short.
You are at the bottom of the capital structure and i'm in the middle.
So if things work out good for you.... they will be great for me.
It's like a totem pole dude.
It's not that hard if you try to understand it.
As far as payout is concerned I'm in the middle of the totem pole and you are at the very bottom.
I get par value on the bonds that I bought for 10 cents on the dollar before you get anything.
That means I get a 1000% return before you get anything.
So I'd be very happy if you made out well.
So... I honestly say
Best of luck buddy!!!
.....do you understand now.
yeah this is 50% of my gold basket.
It would be logical that if there were to be elections that everyone should be properly registered first.
It is a huge nation and very poor. He's kept it stable for 15 years, don't think he'd want to leave and have it go down the tubes just when things are steadily getting better.
just putting it out there.
However you want to make a buck.
2022s traded at 23% of par recently. That's double since I've been talking about it.
That individual likely has no trading account and is only online for entertainment. There are a lot of people out there who have quite a bit of spare time on their hands. If someone online has never thrown out a factual data point, has never bought (or sold short) a security for witch they post and has never been correct about a prediction, that individual should likely be ignored.
K...has gotten a lot of entertainment out of getting reaction from people on this board. So we can all count ourselves as good entertainers.
It is sad that nine out of ten posts on this board are just one liners and useless babble.