Team, I really don't like that insiders just sold 1.5 Million shares. Personal shares. Their communication of confidence in their own danm company expressed as selling it. To me this is a huge heads-up of 'issues' and of likely to a lower share price. Something is up. We don't know what it is.
But do I know to what price? No,
My 4s - 5s assessment made as after Share Consolidation consideration (post Reverse Split) based predominantly on Banro valuation prior to the Reorg, about $50M, there 'bouts, right? As we know, Banro's valuation just increased about 3.75 X overnight on April 19th.
Price can drop to a penny if selling conditions take it there, or if it's 'discovered' to be anything else significant (non-positive) we don't know about.
Insider selling leads to idea (which has always been a 'maybe' idea), that mngt has lied and/or simply intends in actuality to transfer ownership... which has in fact just happened significantly. Of course, maybe their intent has been relatively decent so as to include Commons with equity post Recapitalization, as CongoM has found a pleasant surprise.
With insider sales, and with what seems like just released end-of-year unobtainable guidance numbers without a major production ramp-up H2 2017, yet now Namoya shut down (attacked) but for its continued leaching operations, weird and lack of mngt communication, Banro seems a bit of a mess.
Some here refuse to acknowledge these conditions as reflective of the company and state of things.
I do consider the RS favorably. Comforting a bit. Yet yesterday I find out about Kondrat selling 800,000 personal shares. Last time he did so, price dropped nicely thereafter.
Price could jump, yes.
On other hand, many think RS means continued lower.
Either way, and mainly, it usually takes weeks for a solid bottom to be put in. We are far from that it seems to me. Price is in a 'trend of tumble' (how do you like that one?) A fast rise here will settle back if not retest. Plus, there needs to be some sign from the company to deliver greater confidence. CEO of Baiyin and Founder Executive Vice President don't seem to have any confidence for valuation of Common shares.
Also, sharp down trends have momentum where valuation can become quite oversold.
Extreme negativity can also reflect a time to buy.
I am not short BAA as another has suggested with consistent hyperbole.
Higher strong POG is so important for Banro.
