Nice word. I'm VERY optimistic that Banro is pursuing a Grand Bargain. The Republicans and Democrats talk about doing a grand bargain every year on the budget and taxes. Something that fixes things for the long haul.
If Banro can put together a Grand Bargain so we can stop dealing with this financial nightmare EVERY SINGLE QUARTER then BAA will be a near instant multi-bagger.
I can see a potential 1 for 10 RS as an outcome here but we'll just have to see. In this case a RS could be a good thing given that they now have two fully operating mines and they just need a few more million to get the 2nd mine to 100% capacity. The Company is now poised to transition from the capital intense/high cost phase to the production/low cost phase so a RS is actually somewhat appropriate at this stage. I know it's something that most here would not like but in the long run it probably does make the most sense. Unfortunately selling now is too late as we are likely at or near the bottom. The big institutional holders probably wouldn't mind it either as they realize that it's probably needed in order to see the stock appreciate. Gramercy especially could take advantage of the preferred exchange for common with a RS and a subsequent appreciation in the stock price. They would end up as the biggest holder at around 20% or so. Just a thought.
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