Banro Corp. fka BAA

[Techamental Logic]

I wonder if that was Gramercy who just traded. We saw blocks of shares dumped (14,000 & 60,000 & 23,000) at .316~ however the bid didn't change in either price or size so it was likely arranged.

Over the past week or so Gramercy has sold over 600,000 shares in the public market. I'm not concerned that Gramercy is losing faith in BAA because they are locked in until 2017....

Gramercy is maxed out at 19.9% so I'd like to daydream that they are clearing some space so they can convert shares at their strike price which was somewhere in the .70s I believe. Likely that isn't it. But I'm interested in what they think of the last month of Banro activity.