Banro Corp. fka BAA

[Groenspaan]

Quote from Liberty Street:

Management has consistently failed to meet its announced objectives within projected budgets and timeframes, resulting in additional dilutive financings and the incurrence of excessive amounts of debt. Banro's financial position has also deteriorated, to a point where we believe that the current working capital deficit is not sustainable. In our opinion, Banro is at the point of exhausting its capacity to raise capital through debt facilities, and a revised financing strategy is much needed.