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Re: Elevation post# 63609

Wednesday, 05/30/2018 8:42:49 AM

Wednesday, May 30, 2018 8:42:49 AM

Post# of 63744
I see, interesting point. I did not know Clarke is no longer CEO of Banro. In fact, just went to Banro’s website again, and it’s now completely gone, removed, just the domain name loads to a “website coming soon” page.
Is there a news or announcement regarding the resignation/removal/replacement of John Clarke?
Did find this news item of appointment of Brett Richards as Chairman and CEO of Banro on May 7, 2018 (not a peep about Clarke):
https://worldnews.se/business/2018/05/07/banro-corp-appoints-new-chairman-and-chief-executive-officer/
and
I found this profile on Clarke from Bloomberg (Clarke is listed as CEO of Banro until May 7, 2018):
https://www.bloomberg.com/research/stocks/private/person.asp?personId=2787787&privcapId=876706

When you previously said Clarke was removed the day after being served I took this to mean as removed as a named defendant in Legard’s suit (which I did not understand), yet did you mean rather as CEO of Banro? Or both? Yet likely, I suppose Clarke continues to be named as a defendant.

As to Banro’s ‘reaction’ in replacing Clarke after being served, seems 1.) a smart legally tactical move, and 2.) Banro likely heldoff serving Clarke until a Chairman/CEO replacement was found (it also may have been plan anyway to have Clarke move-on after the Canadian Court’s ReOrganization certification).

Brett A. Richards seems a roaming ‘fix-it’ executive for the mining industry.



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