Banro Corp. fka BAA

[TeamTOC]

I agree. This has been sub-$1 for as long as I've been investing, so it is a bit surprising to see it come now. The update is very vague too...it looks like they have a lot of options, and quite frankly, it doesn't say anything regarding a minimum price, so I'm assuming if we start progressing from the teens to twenties to thirties and so forth, that they'll be considered compliant...or at least have more to bargain for to extend beyond the 6 month period.

I realize an R/S is an option, but as some have posted, that rarely works out good for the common shareholder. Yes, they'd become compliant, but I think they'd fall down closer to $1 than the $2 they'd start at if they did a 10 to 1 at yesterdays closing price. The only exception would be if the company starts putting out solid news (Namoya Commercial, Solid Q3 Results and ER, etc).

Hopefully we'll hear something from the company soon. The position this puts me in sucks, but I think I'm going to wait it out. ~73% of my total shares are shares at .125, so I'm still profitable on those. I could sell them for a ~30% profit and get over 50% of my original investment back out. Lots of thinking to do here.