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"those sellers" were funds / indexes forced to sell due to market cap dropping below 50 million.
that and people paying taxes that filed an extension.
The upward correction back to .50 is coming, and once it begins, it will be SWIFT.
Just remember you DoofBalls.
I called this runup that is about to start.
I bought the bottom at .1325 for a nice 70k add on to my positon.
I even explained how they got the stock this low.
Nobody, and I repeat, NOBODY on this site listened to me.
Morons.
Now you Alias robots can start hyping my Banro for me.
You Beochhes work for me Now.
BOOOOYA
Buying every single share I can.
Hope someone out there is listening.
Selling pressure is about to dry up.
Only so many Tax / Forced sell shares left.
When they are gone, up we go!
Oh sorry Spenc, did I just buy your shares?
Were those shares meant for you?
So so sorry man.
Ok, now that I pulled the curtain away and exposed the little man, it's time for you jarkazzes to ignore this post as if it never happened.
Queue the Aliases!
Banro at .12 >>>>>> Insitutional Accumulation.
But where is the selling coming from, that allows them to accumulate.
Simple.....
Indexes being forced out due to minimum market cap requirements.
Funds being forced out due to minimum market cap requirements.
Tax Selling for October 15th tax deadline.
So What is keeping the insitutions from having to supply shares cheaply.
Simple....
Keep the little guys on the sideline.
Keep Banro in the "Danger Zone" where many stocks go to die or be delisted usually.
Bottom the stock, while Gold teeters on the edge of falling through 1200 support.
Have management in Blackout, with no insider buying allowed.
Have management minimize any positive news. (they just had to downward review Nayoma 3000 ounces didn't they.)
So then the question becomes, what happens when the tax sellers stop selling (October 15th finance deal NOT a coincidence) and the Forced out indexes and Funds finish selling????
What happens???????
I'll tell you what happens, the institutions are fully loaded, and management starts promoting the company.
And the Market Makers release their clamps on the stock,
and Bob's your uncle, Banro magically returns to .50 range.
Cheers!!
Tech....Here's your sign.
The stock is so ridiculously low, NOBODY CARES WHAT THE QUARTERLY IS GONNA BE.
Their quarterly performance has NOTHING to do with Banro trading at .12-.13
Wake up dude, and quit wasting peoples time here.
Duh.
I just bought 70,000 Banro shares for about 9k today.
My average prices was just under .13.
Those 70,000 shares are for a company that Black rock started buying in 2013 for 1.50 per share. Now Blackrock owns 120 million shares.
Folks, that's 45% of common.
That's a company with 4 mines, 2 active, and a billion in assets.
A cash deal on October 15th will allow mines #3 and #4 to go live and boom, Our little Banro become a Mid Major Minor on one of the highest quality gold reserves in the world.
And I bought 70,000 share today at under .13.
Simply Amazing.
When it runs like I know is coming, I will be flying my family to the Congo to take a tour of the mines.
(We will wait for all ebola cases to be clear of course)
On this trip, I will take photos of the mine, and when I return home, I will blow up a nice photo of one of the mines, and place that photo in my billiards room.
Thanks for asking.
I've been explaining the stock price to you guys.
No one ever listens.
Tisk Tisk.
I'm 100% Banro.
My debt is 100% Banro.
My future is 100% Banro.
The future is now! Well at least it's close.
I still give it a week or two more before Blast off!
Well banro market makers....
I bought in around .50 initially.
and Boom you got me. Cudos to you guys, nice setup.
Now, I'm doubled down with a dca half of what it was.
I did not panic, I double my position, and cut my average share cost in half.
and my taxes are paid.
And you jarkazzes will not come within miles of owning my shares any time soon.
Boooooooooooya.......I win.
Now you jerk offs, can start working form me, and make me a millionaire in 2015.
Boooooooooooya!
Sitting here...buying up shares.....
All the bull crap news flying.... who cares....
Mortgage up your house, if you dare.....
Just to throw....all your money in shares....
Banro!!! oh Banro....Never thought I'd own a gold mine.......
Banro!!! sweet Banro....Soon the whole world will be mine.
Another day....another 70,000 shares purchased below .135 per share in my account.
Man, this is so hard, setting myself up for life.
Shout out to the market makers.
Thanks guys, you are the best!
Cheers Banro Longs!
Booooooooom....goes the gap up in the coming weeks.
Booya!
Sure is scary in Banro.
I'm so scared, I am buying more shares next week.
Boooooooooooooooooooooooooooooooooooya!
Happy soon to be Halloween Banro longs!
Are you kidding!!
It's the largest opportunity you will probably EVER see with a stock, for the rest of your life.
Painful.....dude I'm searching for more coin right now.
NEEEED MOOOOORE BANROOOOOO
Thanks tell me when and I'll buy your shares you schmuck.
Way to play exactly into market maker hands.
I'm sure the Institutions that own 95% of Banro right now will all Laugh in your face for selling at nearly the absolute bottom.
Schmuck.
They are executing according to the Institutions that own 95% of all common shares.
They don't give a rats Batooski about communicating with you chumps.
Once you are convinced all is lost, and stop loss out of this stock, they will gladly
GAP the stock Up so they will be rid of you turd buckets for good.
(But they are not getting my shares!!)
Go Banro Long and Strong!!
Gap up is coming, prepare for the Big Run!
Don't buy Now...Too Risky....
Wait for the Stock to Gap up to .45-.50 range.
If the stock closes this gap, and then follows this jump with a confirming move from .45 to 1.50, you should start following the stock.
At 1.50 a healthy pull back of 15% or so would be expected, followed by a second move from 1.20's to 2.10.
At this point, if the company is successfully moving forward on mines #3 and #4, You might think about starting a position, but waiting for a bullish retracement of the 5.00 level would be advised.
If Banro can hold 5.00 for a period of 30 days or longer, then buy at will.
However, I would not recommend buying Banro at 15 pennies.
Just too damn risky.
BoooooooooooooooooooYA
Cheers Banro Longs!
God, you guys are as thick as rocks.
It's like this man.
Insitutions now most likely own 95% or more of Banro.
These guys continue to accumulate through buy programs.
Market Makers naked shorted Banro into the index rebalancing, and created the 26 million short selling pressure that manipulated Banro from .45 to .15, where they covered their short with the Index 26 million share sale.
Now they have Banro trading in a perceived "Danger Zone" where many stocks trade right before they die. This causes short term Banro investors to panic, sellout, allow stop losses to trigger, and makes them think twice about buying more.
American investors have to pay uncle sam, and if they are 100% in Banro, then they will be selling Banro shares at .15 to cover tax bills.
Gold is teetering on an emotional 1200 level, and everyone and their brother is expecting gold to fall into 1100's next.
This keeps Banro buyers on the side lines, and allows Market makers to apply negative bias to Banro stock trades, while allowing institutional buy programs to continue accumulating.
Management, who works for these large stock holding insitutions (ever heard of Blackrock? owns 45%+ all Banro common shares) is keeping a lid on any positive press, until the Accumulation is complete.
When does the stock move up? Well once all the sellers of Banro dry up from panic selling / tax selling / stop losses / etc.....there really are no more buyers, and insitutions have bought up nearly all the common shares that they can.
Then a phone call is made to Banro to "Release the Kraken".
Now the Financing (that could have been completed a month ago, that has been sitting on somebody's desk for months) is announced, in the After market just after a close of anywhere from .10 up to .25 (depending on where stock goes while we wait.)
And when that news hits the wire, we gap up back to .45 to .50, and suddenly, everyone will be in love with Banro.
Management starts pooping out wonderful smelling releases.
Analysts will get the green light from their banker bosses to write up one love story after another about Banro.
And we will have the making of the next Mid Major Minor in the world.
Tadaaaaaaaaaaaaaaa
Boyaaaaaaaaaaaaaaaaaaaa
Go f*&%*&^% yo self basher mother f(*&^(*&aaaaaaaaaaas
Cheers! Go Banro Go!
I would argue that right now, at .15 cents or so per share, Banro may be the best deal ever in the history of the stock market.
Warning to all Bashers....
Soon you will all be working for me as you hype Banro with new aliases.
Nayoma fixes already paid for with last financing of 35 mil.
Nayoma debt payments already made through 1st quarter 2015.
Plenty of cash for any production costs through 1st quarter 2015.
Financing deal for 120 million will be used to build out mines #3 and #4.
New pending will show that Nayoma is on rapid track to 100% output. Both Twangiza and Nayoma will be at 100% capacity for 2015.
Financing for mines #3 and #4 will transform Banro from Junior Miner to Mid-Major Minor, increasing stock multiples.
Hype from financing of #3 and #4 mine will propel stock well above the 1-2 dollar range in 2015.
Twangiza and Nayoma mines are profitable at Gold = 850 / ounce.
Can't wait for the Bashers to become my new stock hyping minyons.
BOOOOOOOOOOOOOOOOOOOOOOYA
Cheers
Bought another big ol PILE of Banro shares this morning.
Wow, never thought a 35 Bagger would be so easy to buy.
Just a wonderful gift.
Thank you market makers for Naked shorting Banro Ahead of the Hyped Nayoma Production date, and continuing to Naked short Banro all the way down to .15, where you coverered your 26 million share naked short position.
Thanks for allowing me to average way below I thought ever possible.
You guys are awesome.
Can't wait for the "unexpected" 30 cent Gap up in the coming weeks.
BOOOOOOOOOOOOOOOOOOOOOOOOOOOYA
Cheers and Go Banro!!!
Tomorrow, Banro starts moving up.
New coming, and it AINT negative.
boooooooom - booooooooya - boooooooooom
Goes the Banro.
Most likely a Blackout period.
They are not being allowed to.
Bottom line, everything that is happening, from the board being very quiet, to the market maker manipulations and index planned dump, to the insider Black out, all serve one purpose.
Maximize Institutional Positions.
When this thing is finally ready to turn around and gap up, it will be a very dramatic move.
Boooooooooooooooooooooooooooooooooooya !!
Cheers and Happy Almost Halloween!
Go Banro!
George, Yet another Road Kill....
On this well orchestrated institutional accumulation driven bottom for Banro.
Man, these guys are good.
Using the Index to push Banro to within the "Danger Zone" as gold prices drop (predictably) closer to the coveted 1200 emotional level for all gold investors, while tax bills are coming due, and the Chill of Halloween lingers in the air.
aooooooooooooooooo
Booooo ya
#1 - Market Makers (including Banro) are allowed to Naked short the stock they represent. (Sorry they don't need to "find shares" to short if they are a market maker)
#2 - Market Makers typically short their stocks when they know they can find a seller at a lower price to close the naked short position from
#3 - The smoking gun that PROVES that MM's naked shorted this stock ahead of the Nayoma prod release, (essentially Whip-sawing short term buyers) is the LACK of a filing for the Buyer of those 26 million shares that traded in a single block at 15 cents.
This Manipulation to drop Banro 30 cents will be followed by a News Based GAP UP to .45 and beyond, where the stock fairly traded prior to this MM maneuver.
Cheers! Go Banro, Long and Strong.
Technical, your such a boob.
All it takes to push Banro down from .45 to .15 is naked shorting an index with a 26 million banro position below it's market cap requirement a day before index rebalancing.
You do this during a gold sell off from 1300 to 1200, and wallah, you have your Banro .15 block order filled for 26 million shares.
WOW, THAT WAS COMPLICATED.
geeeeeeez
So after Banro bottoms, and then gaps up on "unexpected amazingly good news we did not see coming...shhhhh" after all tax selling dries up for the October 15th tax deadline, will you be gone, or will you be telling everyone to sell their shares cheaply?
Just curious.
I agree, shares will be cheap......until......
they are no-longer cheap.
And the transition from cheap to Not cheap will be sudden and associated with news in the after-market, or after a share freeze.
My guess by October 24th, but no later than Nov 7.
Cheers! Enjoy the cheap shares!!!
(while you can)
The Technamental Indicator.
Wait for Technamental to go crazy and announce he is selling his position in Banro.
This should occur on Max Pain day very close to the bottom.
Then buy Banro like crazy!!!
Or you could just average down into the bottom, Like me, and not use this indicator.
Either way you win, when the Banro Bullcrap parade currently run by the Banro market makers reverses course, and the run up begins.
My guess, Banro gaps Waaaaay up on or by October 24. But definitely by Nov 7th.
Cheers!!! Long and Strong Banro
Hurry guys, you only have a couple of weeks left to scare Banro shareholders into selling near the bottom.
Hurrrrrry!
Yadda yadda yadda.....so many aliases, so many bullcrappers.
Sorry guys, you can't hide the Insitutional accumulation on this one.
Blackrock accumulated 120 million shares of 255m banro common in the last 12 months.
Let me repeat that.
Blackrock accumulated 120 million shares of 255m banro common in the last 12 months.
So far your comeback is....Well Blackrock is stupid.
That all ya got?
I am continuing to average into Banro as much as my wallet will let me.
I will be laughing soon. And you guys will be hyping the stock in this very message board, perhaps with different aliases.
So think about it boys, soon you will be working for me!!
ha ha, Who's your daddy?
MMMMMMMM.....Delicious Banro shares, I love it!
Once the tax selling is done, and gold bottoms, and Market makers release the clamps from this stock, in about 2-3 weeks I'd guess, you buys will be pumping this thing just for me won't you.
Let me thank you in advance guys......
Thanks for paying off all my debts.
Thanks for paying my kids education off.
Thanks for making me a multi-millionaire.
And once you start pumping Banro, don't work too hard.
I'm a patient guy, you won't have to pump Banro too hard.
It will go up all by itself!!!!
Moooooo ha ha ha ha ha ha ha ha ha ........Booya!
Yes, Blackrock are the worst investors in the galaxy.
I'm sure their accumulation of Banro did not anticipate this move.
I'm sure they are on the outside wondering, what's going on with this crazy Wallstreet thingy.
We have no clue, we are Black rock, and don't know what we are doing.
You are correct....or wait, maybe your just a moron.
SilverRay huh.....
How about SilverTubOfCrapola
Dude, Banro is beat to death.
Can you please give it a rest?
Blackrock has accumulated 120 million of the 255m Banro common shares in the last 12 months.
Banro's market Cap = 42 million, Net assets.....500 million.
All this is is Market maker BS while we wait for the Tax sellers to get out of Banro before Oct 15.
Then, Boom a phone call is made and Managment starts promoting Banro.................Finally.
The end.
Only 3 things you need to know about Banro.
Thing #1: Blackrock has accumulated 120 million shares of the 255 million shares of Banro in the last 12 months.
Thing #2: Banro has a market cap of 43 million and Net assets of over 500 million
Thing #3: Really? Do you need to know anything else?
PEOPLE!!! Let's not over-complicate this.
TexasRambler, man, we do know why we are sub 20 cents.
MM's shorted the stuffing out of Banro, and drove the stock from the mid 40's down to .15 just in time to cover into the forced ETF index sale of 26 million shares.
You want proof? Show me the filing for acquiring 10% of Banro.
Where is it? Had someone bought those shares, they would have to file.
And you can check the tape, the entire trade occurred in one block at .15.
Now insitutions may have their buy programs in, but with so much shorting, it was easy for MM's to drop Banro 30 cents, and clear around 10 million on the trade.
EASY. So stop wondering why Banro is sub .20.
I just told you. But Brace yourself, with that trade closed, there is atleast a 30 cent gap up in the works.
Now we just need some news.
Here's my take on where Banro Bottoms.
We all know Insitutions have been accumulating Banro like crazy.
We know the MM's played the ETF by naked shorting ahead of Nayoma prod date, and then tanking the stock into the Index rebalance date last Friday.
This explains why there has been no filing on the 10% share purchase.
Now, we have a stock that was trading at .45 that is now at .16 due to market maker play.
With company tied to commodity price, instilling fear in retailers with gold price collapse, helps to keep the retailers at bay, while insitutions finish out their accumulation.
But when does Banro start moving up you ask?
Simple, There are only so many shares of Banro. Statistically there is a point of diminished returns with Banro's stock decline, since at some point, with institutional data being public, it becomes obvious that Banro is a steal, so more and more retailers start ignoring board bashing, and gold drop projections and start buying.
Once insitutions have fully accumulated, there is not reason for Market makers to supply shares to these retailers.
There work pushing the price down is done.
Since the board is working for these insitutions, when this tipping point is reached, they will start promoting the company, and most likely have a pipeline of good news ready to start releasing, (most likely at first in after hours) to facilitate the rapid correction of the stock back to normal valuations based on what we know.
In short, expect a 30 cent gap up within 2-3 weeks tops.
Cheers!
Interesting comment.
I did not buy the stock at .65 or higher, and My last block purchase was for .173.
Muse, that's called average down into a bottom.
Do I wish I had noticed the ETF setup for market makers to short into, sure, my dollar cost average would be lower, but hey....
My dollar cost average is way below the Insitutions shown in Morning star owning Banro as recently as August 2014.
I am feeling pretty good about things based on that.
I know you server a purpose here Muse. Just move along, and keep on Bashing your 16 cent stock.
Cheers!
Just between you and me, shhhhh, if you look at morningstar under the ownership tab, you will find that there really arent too many common shares of Banro left out there in the Market place.
And with falling gold prices helping them accumulate, the Fire sale continues.
Remember, some of these larger positions are with dollar cost averages betwen .75 cents and 1.50.
Shhhhhhhhh, don't tell anyone, it's just our little secret.
There is a loooooong list of funds and institutions (mostly institutions btw)
These institutions have been snapping up Banro from the time it fell from 1.50.
FOLKS, WE ARE TALKING VERY HEAVY ACCUMULATION HERE.
You don't have to have a very vivid imagination to figure out what these guys are doing.
And their latest trick is forcing the Market Vector INdex to dump 26 million shares on expirations day this past friday.
They shorted ahead of this forced sale, then covered as the fund sold at the bottom at .15.
They seem to want Banro to stay cheap so they can accumulate on HEAVY VOLUME.
Quite honestly, everything else on this board is simply noise to distract you from them buying up Banro shares under your very nose.
Cheers!
MorningStar says IG Investments Owns 43 million shares of Banro common.
I bet IG investments prides itself in buying up 17% of companies about to go under.
That must be their strategy, because Banro is going to zero......or is it?
MorningStar says Wellington owns 13 million shares of Banro Common.