InvestorsHub Logo
icon url

nutsyprofessor

07/25/14 7:57 PM

#6692 RE: sman154 #6671

Banro will not "pony" up any common shares because the current stock price is too low to make it worthwhile and financially sound. The last time they issued common shares was back in April 2013 but the stock price was $1.50 or so. As a side note, I would not be surprised if some large holders purposely drove the stock price down for that very reason I.e. so that the company would not consider further dilution of common shares.