Banro Corp. fka BAA

[baystock1]

Am I the only one who feels that the 88 million shares holding by BlackRock Fund Managers Limited being reported by msn and morningstar is bogus ?

http://investing.money.msn.com/investments/institutional-ownership?symbol=BAA

BlackRock Fund Managers Limited 88,087,125 88,087,125 NA 42,176,626 34.94 2.47 06-30-14


BlackRock Fund Managers Limited is based in the UK. The shareholding in Banro by the BlackRock UK managers was recently reported to be around 25 million shares. I think the chances these holdings were increased from 25 million to 88 million is slim to none. Anyone have any evidence to support that the various BlackRock UK funds actually own 88 million shares of Banro in the aggregrate ?

BLACKROCK GROUP LIMITED Multiple Portfolios 24,978,176 0 3/31/2014 MF-AGG N-P 9.91 - Investment Advisor London BRITAIN
BLACKROCK GROUP LIMITED BLACKROCK GLOBAL FUNDS-WORLD GOLD FUND 14,819,276 0 3/31/2014 UT-UK N-C 5.88 0.20 Investment Advisor London BRITAIN
BLACKROCK INVESTMENT MANAGEMENT BLACKROCK GOLD AND GENERAL FUND 10,158,900 0 3/31/2014 UT-UK N-C 4.03 0.27 Investment Advisor London BRITAIN


My guess is that the preferred share financing of $40 million done by BlackRock in 2013 included rights to convert into common shares and these potential shares are being erroneously counted.