Replies to post #43081 on Banro Corp. fka BAA

[StockItOut]

Nice find. Good sharing. Insider owns more BAA.
Q1 folks. Q1
Yet, we'll see if gold retraces down or not. Still seems descent odds of it to me.

[Congo Mining]

First time a director other than Clark bought.

good work finding the data.

Confirmed on Sedi.


https://www.sedi.ca/sedi/SVTItdSelectIssuer?locale=en_CA

[bullforever]

Great! because he is An Independent director, so has no relationship to BAA, except he knows BAA operation very well. Also He has a strong mining background:

MAURICE COLSON
Independent Director at Banro corporation
Demographic info
Canada | Mining & Metals
Current
Independent Director at Banro corporation
Past
president. Past at Hornby Bay Mineral Exploration, Lead. Director at .Loncor Resources, Founder and Chairman at Lithium One
Education
University of Oxford, McGill University, Loyola of montreal

But he is supposed not qualified to buy BAA shares. Does anybody know Canada rules different?

An Independent director (also sometimes known as an outside director) is a director (member) of a board of directors who does not have a material or pecuniary relationship with company or related persons, except sitting fees. Independent Directors do not own shares in the company.

Legal requirements[edit]
US[edit]
The NYSE and Nasdaq stock exchange standards for independent directors are similar. Both require that "a majority of the board of directors of a listed company be 'independent,'"[3] Both allow compensation for directors of $120,000/year or less (as of August 2008).[4])

The NYSE states:

"no director qualifies as 'independent' unless the board of directors affirmatively determines that the director has 'no material relationship' with the listed company, either directly or as a partner, shareholder or officer of an organization that has a relationship with the company."[5]

[tob999]

Nice DD! Marked ya.