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Re: tegrity1 post# 2498

Monday, 04/07/2014 3:07:56 PM

Monday, April 07, 2014 3:07:56 PM

Post# of 63744
Gramercy, BlackRock, Franklin, Van Eck and other institutions that own over 46% of Banro would not allow Banro to declare bankruptcy.

In fact...before a public company CAN declare bankruptcy they would need to receive over 50% shareholder approval or have a proxy vote. The only other way would be a court ordered bankruptcy and since Banro hasn't missed any payments that is pretty unlikely.

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