Banro Corp. fka BAA

[baystock1]

Banro has been good for the DRC which very much needs the investment and jobs. It has also been good for management who draw big fat salaries and have little to no equity skin in the game. Banro has not been good for common stock holders UNLESS you have very deep pockets and can keep buying more shares at ever lower prices to keep up with the enormous share dilution that has taken place over the years and preserve your percentage stake in the enterprise. With the low POG and high project finance and streaming debts, It is not clear to me when the share dilution will come to an end. Unfortunately common stock holders were just treated as cannon fodder for agendas other than the one that was implicitly and falsely presumed to be that of wealth creation for them.