Replies to post #16535 on Banro Corp. fka BAA

[Groenspaan]

Ok.. I see now prices in CAD. And the pruchases at 19 dollar?Are these denominated in 100?

48,500 shares at $19.00 ?

[hokies21]

Could someone explain on the insider list why it is coming up with purchases at $19.00? As I had stated I just had discovered this stock last night. I see that it has a very large institutional holding from some major banks and investment groups. While I am new to investing, isn't that rather unusual for major banks to be in on stocks trading in pennies? I would think that is a positive sign that those major banks are willing, and continue to hold. Also, I have noticed talk about finance deals. What is the story behind this? And as someone had mentioned, the book value on this stock is over $2, so that alone provides a good guidance of where this stock could go!

Thanks for the help and still taking a look at BAA!

[JohnCM]

These were not options, but have been declared as common shares bought on the open market.

How can insiders buy shares in the open market before a material event if the outcome is only known first by insiders?