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Re: spencaround post# 5705

Friday, 07/11/2014 12:27:29 PM

Friday, July 11, 2014 12:27:29 PM

Post# of 63744
Sounds good spence, I don't know why they would do that.

I've been in the oil and gas industry for the past 10 years and my parents have been for all my life. I've been exposed to very good managment and very poor management.

Poor management won't last long but there are a list of very good individuals out there in different industries that love to get into a company with deficiencies and clean it all up.

I cannot tell you how bad some PUBLIC companies have screwed up on the execution of their projects in my field. Yes their PPS drops, one company I worked for dropped from $40 at peak to under $10 and they are currently re-structuring!

At the end of the day Banro whether 0.05, 0.10, 1.30, 5.00 PPS, it has a value, it's producing, it has assets, it has a vey good reserve base....BAA will not die and just dry up.....maybe it will take a few changes in management etc...

It was hard to swallow the PR the other day but there is no such thing as a perfect project, a perfect plan, perfect execution, it's how the company adapts and deals with the hiccups that reflect the future of this company.

I don't care too much, I have now around 40K shares (sure it's small but I just started playing with stocks begining of 2014) and I may just turn off the computer for a year and see where BAA is at that point.

anyways we all have personal lives and I would never point a finger at anyone who deciedes to sell or buy. Good luck to everyone here, whether we have a winner or a loser I don't know....but I definitely know there is some sort of VALUE in this company!

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