While i am on your side about this whole thing...
Grammercy didnt actually invest they did a finance deal with Banro. They are getting a sweet rate, preferreds and options. Their money is setup two fold. One they get a payment from banro and they also can get free preferred shares. They did buy common stock months back but they have also sold positions to show a tax loss and then bought back. While i dissagree with the article i think banro will stay around...its just at what price and for how long will it stay there based on Namoya Situation and Gold spot price.
Who knows? a dollar? a Nickle?
175 million in debt or 350 million?
OS 252,100,672. Options, 13,287,645. Warrants,
8,400,000. Broker Warrants, 735,000. Preference Shares, 55,252,0001 or will these figures go much much higher? or much much lower?
Hard to say they have some tough choices to make and i think they are looking at CIBC and MRG and saying take your time. I would say at least 60 to 90 days to get a full report back to us.
