Banro Corp. fka BAA

[Libertarian_Statist]

Braised, I share you're concerns about Banro's liquidity;

If I am to be frank I don't belive there is a Banro Shareholder who saw that quarterly report and didn't think:
"isn't this almost as scary a liquidity position as Banro had pre-financing..."

Usually at this point after seeing the state of the balance sheet after WE JUST HAD A FINANCING I would have pitched my shares and rebought 4months later if Banro were still around.

But I realize the financial statements do not tell the whole story, it can't tell us how flexible their trade payables partners are, nor how much spending is actually required for Namoya.

Most importantly; If Banro were to declare bankrupcy it would be hands down, no contest, the worst, I repeat WORST stewardship of capital I've ever seen in a publically traded company.

Quick walk down memory lane:
- 3.755mil on a new corperate office in Dec 2014
- 3.3mil Paying the dividend which the could have accured on preffered shares in 2015
- 40mil of forward sales to pay off the facillity....a non-current debenture

Call it a leap of faith, call it Banro only makes up a small part of my portfolio, or call it I just don't belive managment could possibly be this stupid but I am holding long.