Banro Won't find bottom and start moving up until....
#1 - Additional Stock Dilution finances all 4 mines.
#2 - Stock under goes large Reverse Split.
#3 - A drama is unleashed between Liberty and managment, where Liberty "the great White Knight in the Sky that it is" Fights for our Rights as Common Shareholders, and Forces the "Evil Empire that is Banro Managment" to sell the company before we are all doooomed!
All else is total bullhockey.
The more I watch this play out, the more convinced I become.
My hope is that my average share price is low enough that I make some coin on the final sale price.
Why does it play out like this? Simple, Management and Investors, see long term common shareholders at much higher average share prices as.....well......bagholders that helped to finance the mines.
But what about the institutions you say? why would they let the stock price go low and get diluted.
Most of the institutional ownership that matters, knew what was coming, and dumped the stock and bought back at lower prices last year.
If you look at the majority of the volume on the chart for 2013, (including Blackrocks option price on their deal) all the real insitutional buying started below 2.00.
So anything below 2.00 is considered a good investment by institutions.
That's why I say we have one more MAJOR stock dilution, a large Reverse Split (10-1 or bigger) and then Liberty (remember Liberty and their band of idiots to take over the board?).
Well Liberty did not jump into the picture to really take over the board. They probably already have their letters typed up, ready to push Managment into an Aquisition.
Aaaaaafter financing the 4 mines. Ha ha.
That's why I say, stock stays in range between .50 and 0.00 until major dilution and reverse split.
My guess is the split will be 10-1, stock will finally bottom aaaaaaafter the reverse split, and will ONLY GO UP FOR LIBERTY LETTERS.
Final sale price, my guess 22 per share.
All my opinion of course, but get ready, it's coming.
