Banro Corp. fka BAA

[TeamTOC]

TRUE!!!

Your lack of intelligence and inability to do any level of DD is clearly shown here on Page 42 of the .pdf under Management's Discussion and Analysis, section (v) Corporate Development. That's one of the problems with this board...just about anyone but the longs fail to do any sort of DD. They just spew numbers and opinions, and then names like Blue clearly mis-lead new investors that are on the board.

http://www.banro.com/i/pdf/2015-Q2.pdf

? In April 2015, the Company closed a $10 million forward sale to finance the purchase of the expanded mobile fleet.
The forward sale transaction provides for the prepayment by the purchaser of $10 million for its purchase of 9,508
ounces of gold from the Twangiza mine, with the gold deliverable over two years, at 396 ounces per month. The
forward sale may be terminated at any time upon payment to the purchaser of a one-time termination amount that
would result in the purchaser receiving an internal rate of return of 13%. The terms also include a gold floor price
mechanism whereby, if the gold price falls below $1,150 per ounce in any month, additional ounces are deliverable
to ensure a realized gold price of $1,150 per ounce for that month.