Nope! Why announce search for new CFO if they already have a replacement CFO? They wouldn't. Additionally, if Baiyin is set to acquire Banro with a buyout, why just a week ago would #1) Baiyin agree to loan Banro $10M, and #2) why would Banro agree to sell 50% of all gold dore production to Baiyin? They wouldn't. Buyout not in the cards currently.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.