Replies to post #55891 on Banro Corp. fka BAA

[Congo Mining]

according to the shareholder rights agreement which is indirectly backed by Canadian law they wouldn't be able to own more than 20% without loosing their voting power. Also, if need be...at this point I think they could go shop around.

[Congo Mining]

you also might want to keep this in mind.

what is dilutive to us would also dilute Gramercy and Blackrock.

Everyone was on board when the added the Chineese as an equity partner.
It was a strategic alignment of resources.

If there were some further dilution it would be at a level that would be acceptable to the organisations mentioned above.

The last I heard is that everyone is playing nicely in the sandbox.