No. I believe Banro was unhappy with more than Mr. Village's performance however it was too late in the game for them to alter the course he set them on. Therefore the $100M round of financing was executed. That financing has come back to bite them.
It is interesting to look back at that April 25th, 2013 PR. Do you notice anything? I see GMP, BMO and CIBC. Hmmm.... Where did I hear those names? Oh yeah! They were the three whiners on the conference call.
Now...where else did I see those names. Oh yeah! They all released PRs IN THE LAST MONTH! to say that they are downgrading Banro! In fact...one of them published the downgrade 30 minutes before the year end conference call started!
Now how rude is that! Those three no doubt made bank from that opportunity but instead of really help Banro they were too busy pinching each other's butts.
Those downgrades sure had some interesting timing to them...from what I can see only CIBC still owned common shares and a lousy 39,700 at that! Can't wait to see if those are still being held or if CIBC sold them and then announced their downgrade in concert with GMP and BMO.
Nope! I don't believe you. I do believe I am onto something here. Just getting started too. I wonder what I'll find cross-referencing back to about February...2004....
News 
Market Data 
Discover 
