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It's just comical that banro is going after people that they robbed. Yeah let's dispose a shareholder to Canada, just one. Why not dispose the rest? Oh wait...you can't dispose anyone cause you allowed the Canadian courts to shut down the case completely.
What a bunch of dipshiets
Nice analogy. Made me laugh.
I didn't say a settlement yet. Right now banro is shooting themselves in the foot by showing that their only interest is defending the company and attacking shareholders that they robbed. People see this.
It will be public soon enough.
There is news now. You will find out soon.
Baa management is screwed. The defense they are giving with their lawyer. What a bunch of dipshiets. You will read about it soon enough.
That was good. Gave me a chuckle
This is old news
Will serge also offer me a lemon twist?
Zager and Evans! Awww yeaab
Or not... silence. Tells me everything I need to know.
I heard this stock will have great return in 1-2 years. True or false?
Like trunkmonk said, he will have no choice.
Since the lawsuit has been submitted, the optimism has looked higher. That is partly due to banros reactions. Letting Clarke go immediately is an admission of guilt. One doesn't need to be legally trained to know this. And if Clarke's lawyers try to detain him from court, that will also show admission of guilt.
It just keeps looking worse for banro. I didn't expect this much good news the last 3 months since the suite was filed. History has also showed canadian corporations who have committed stock fraud in the US to be found guilty in US courts multiple times in the past. Research it.
To be continued........
Smart legally tactical move by banro? To cut him loose immediately after he was served? The US court can read this very easily. Too easily
No, his release had nothing to do with the restructuring.
Hey stock it out, I agree with most of what you're saying. Except Banros reactions not being relevant. Alot of it has been. Especially the fact that Clark was removed from CEO the very next day after he was served. Would he still be CEO if he wasn't served or if there wasn't a lawsuit?
The biggest statement is that their is mass evidence based on banro s reactions to the suit that they are not working with or working against the shareholders. Lawyers and US courts are paying attention to this
The biggest statement is that their is mass evidence based on banro s reactions to the suit that they are not working with or working against the shareholders. Lawyers and US courts are paying attention to this
That's you opinion. To that, there are the following questions.
Why are multiple law firms going after Banro? They wouldn't waste time on a case they couldn't win.
Why is banro so desperate to keep this in Canada?
What ramifications did Banro cause by blocking aid in a foreign court?
Why did Banro defense refuse to serve John Clarke and why did this not sit well with US courts?
Why did the defense serve him the last possible day?
Why was John Clarke removed the next day after he was served?
There is much more information that you are not aware of that lawyers have.
Agree
It may be enough. Also throw in the property and the amount of gold reserves they have. It's much more than enough.
It's evident that banro management under estimated the intelligence and grit of shareholders due to either arrogance, stupidity, or both. A handful of managers vs thousands of shareholders, in which many of them are educated.
Banro has a 100 million insurance policy every year
The suit timeline begins in January 2016. So if you're an ex shareholder but were one after that date (or a current shareholder that sold for a loss after that date), you may be eligible
I didn't necessarily provide the news. It's on the internet. It's public information
Banro "links" are only what the company wants to public. If you dig, you will see that at least 2 law firms are going after Banro. A lawyer isn't going to waste their time on a case if they think it's no good
Management knows they're screwed. They are trying to pretend that everything is Ok with these announcements. Behind the scenes they are pleading with their lawyers to keep this in Canada when they committed crimes in the US. Attorneys and judges are paying attention to their responses.
Here's a short summary. Sources say multiple law firms are going after BAA. Not just the one you are reading about on this board.
Yes. I know what's going on.
Banro is arguing to keep this in Canada. However the Canadian judge is asking for outside assistance?
The Canadian judge? You're saying the judge used to be a lawyer?
Suit was filed in US court. Stock was traded in NYSE. Us law applies. A lawyer isn't going to waste his time on a case that isn't any good.
How is that question relevant?
Make sure Canadian law applies with the drop box
True. You are correct. I do know much more than I am letting you know. Nayoma, not gonna happen. Just wait, and be patient.
If someone committed a act against you from another country , then why would you take them to court in their country when the act didn't happen there? If someone from Canada robbed your house in the US, they will be prosecuted in the US, not Canada. BANRO was on the NYSE. That's like a person or group committing an act in the US challenging someone to take it to their country's courts.
Say if an individual visiting out of our country did an horrendous act to another individual that lives in the US. They get prosecuted to the law. And their defense is that they reside in this country and their country's laws are different.
This is somewhat of a similar situation.
Not sure how relevant this is but did anyone notice their 4th q production this year and last year? Compared to the 2 different stock prices?
No comment on last question. My point is that an intelligent jury, judge, and offense will read into that reaction about attempting to keep this in Canada. Banro mgmt showed them their cards with that reaction.
Something else to ponder. The judge, jury, and lawyers will see that they are attempting to keep this in Canada instead of another defense or to compromise with the plantiff.
You can't spell BeRNie mAdOff without using the letters in BANRO
Banro mgmt till the end! We are in Canada, so US laws don't apply
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1ES0L2
Can also understand ones lack of sense of humor in this situation. However...im more relaxed...just based on what I know about this....it just doesn't look good for the defendants. Would be panicking more if orherwise.