Banro Corp. fka BAA

[Techamental Logic]

Banro's creditors have the final say for the second option. They currently have Banro on a pretty tight leash. Should Banro borrow more than $7M then Banro would be required to pay the full amount of their loans on demand.

The good news on that front is that Banro's largest bondholders are also their largest shareholders so they would be unlikely to do anything that would cause BAA shares to drop any farther.

Gramercy is also likely to play a large part in the discussions. I'm still hopeful they'll hammer something out this week so we and more importantly the institutional investors can see that Banro has this situation well in hand.