Banro Corp. fka BAA

[spencaround]

I guess what puzzles me is what is the reason BAA is down?

Especially this low... they didn't miss earnings, they didn't really dilute the stock that bad as compared to assets, its not like they spent it all on the ponies its working capital for goodness sakes, Gold isn't really down week after week month after month like last year, the world events are getting worse and our own countries problems are not improving, there hasn't been anything in the DRC that is important enough to justify this price, insiders are not dumping, their debt is very manageable, no cave in's no accidents even the rains were bad but didn't really effect them, fully funded and going into their best seasons......so...... the truth is there is no "REAL" catalyst that stands out and no real argument as to why. Years ago i could see it being cheap because expenses were high and no income but the opposite is true now so.... the fact remains there is no real substantial reason for BAA to be below a dollar. At a dollar thats more than half of book value and since there sector is repressed then okay ill accept that temporarily but not this.
I think you got someone using multiple financial entities trying to work around the by laws of Banro to Cease the company. Hostile takeover.