Replies to post #6396 on Banro Corp. fka BAA

[Techamental Logic]

I'm hopeful we'll hear something sooner. Below is my first question and Naomi's response quoted below. IF BANRO IS ACTUALLY WORKING ON A DEAL...then...Having been through the process myself a number of times I can confirm that the process is aggravatingly slow even for people in the know.

Banro isn't a Canadian company dealing with other Canadian companies.... This could be multi-national. If this is an M&A then whoever becomes the controlling party needs to have the authority to do everything they need to do in the DRC. The T's and I's for them are multiplied by 100.

The other force is simply lawyers themselves. No joke! Those guys get paid by the hour...maybe $350+. Then they bill for the hours of their paralegals...yep...we needed 7 paralegals working 10 hours days....

My gut tells me Banro is burning the midnight oil and my gut usually knows what it is talking about. For example I didn't inform my gut yet it knows tonight is pizza night...don't ask me how!

Will this all work out I don't know. But I think Banro is going to try to really make a go of it.

Here is that first Q&A with Naomi.

It has been a rough few weeks for Banro. I’m still behind you guys and have averaged down instead of selling out. Are you guys planning on releasing an update prior to Q2 financials and do you know when you will report Q2 fins? I have a few questions regarding Banro’s assets.

We are working toward releasing news prior to the Q2 financials – early this week if possible with an update from the board of directors on a go-forward plan.