Banro Corp. fka BAA

[Libertarian_Statist]

Well I came on this board exactly one month ago and laid out why they definatley would need more funding since their working capital was obv insufficient
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116317493

I sold out around that time because but-for additional cash infusions they were going to be borderline insolvent.
This deal is probably the best terms they could have hoped for and I would view the deal as net positive.

Tough to judge the market reaction, some investors were probably blatantly unaware of just how dire their cash situation was and thus will view yet another forward sale in a negative light.

Q3 Earnings mediocre and financials will be garbage, to the extent to which this stock is reactionary and not predictive (it is, prob due to high retail ownership) no real need to buy back in until 2016 imo, I hold all of 200 shares atm only to keep on brokerage screen.