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Re: chrislal post# 63189

Tuesday, 12/05/2017 3:32:31 PM

Tuesday, December 05, 2017 3:32:31 PM

Post# of 63744
Thanks chrislal. Answer to your question of course does not address their poor foresight and planning. Interest payments were known prior to Recapitalization, in fact lower financing costs were touted by Banro Mngt to be result of Recapitalization. Political situation was known yet costs understandably increased due to events, yet no slush for such events? High random costs? High pay-off money? Further, "equipment?" Rory sounds green to Banro. They planned to spend and buy more equipment when and with no appropriate funds after a massive financing and debt Reorganization? This gets to basis of the question posed regarding why Banro is desperate just a few months after the April, 2017, Recapitalization. Plus, mngt buys more and more equipment for less and less production requiring more snd more work to produce. Somethin' not adding-up in Mr. Taylor's responses to you.

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