Banro Corp. fka BAA

[baystock1]

>>Do you know how many dollars BlackRock costed for its 28M BAA shares? It is over $100M (I checked its filing it bought when BAA at $3-4 in 2012).<<

bullforever, thanks for sharing. Very interesting. You would think that with BlackRock paying more than $3.50 per share on average for a high risk investment in a company with no revenues and in the DRC, that they were anticipating a large return on their investment that would justify the risks. Something like $10 per share. $5 per share would not be enough reward for the risk.

You make a great point that the institutions who own 70% of the company and are now down 90% on their investments have a vested interest to help Banro raise the mere $22 million needed to safeguard their many hundreds of millions they have already sunk into the company. It clearly is not a case of throwing good money after bad.