Banro Corp. fka BAA

[baystock1]

What you say would be true if the price that the preferred shares convert at is a discount to the market price. If that were true then the company could not claim that the fully diluted share count would be 1.1 billion. The fact that they are making this claim tells me that the conversion price is fixed and is not a function of the market price. So I don't agree with this death spiral thesis of yours unless you can provide a link or some evidence to support this.