It is pretty amazing how aside from the debt there isn't much fundamentally wrong with this company. The debt could be a non-issue by 2015 and possibly by Q3 if Namoya comes online on time or even early!
Every weekend I look for some obvious flaw that I'm missing to justify BAA hanging around .50 and Banro risking bankruptcy but I just don't see it. At worst I see Banro borrowing once more or adjusting their loan payments and being dinged with a minor penalty.
If Banro does need to dilute I think it will be minimal and they have done a great job of utilizing dilution with the least amount of negative impact to current shareholders.
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