papawah, thanks for reply, I am not misunderstanding your point. You may be of mine, as also you have yet to address my central points:
"File the case, and do the discovery during the next two years (at minimum) of litigation. Amend the Complaint as discovery dictates.
You guys trying to figure how to appropriately file a Complaint on your own without an attorney?
The attorneys can't see winnability of the case? They don't consider it strong enough? "
I mentioned The Globe, as Llepard pushed hard for BAA board members as shareholders to contact the reporter, and you, working with Llepard, are pushing hard we contact Llepard to relay information. Your "team" stance suggests your singularity.
Further, as to what you say should be "a cooperative effort," I understand your point, and thus why I've requested you and Llepard give us something solid as a start, per your appeals for us to provide information.
You've relayed some more info, which is appreciated. Notion you're trying to be lawyers was an inquiry, not a conclusion or accusation, as you have concluded. Yet too, you go back to mentioning contingency representation after mentioning Llepard's ability, if not wiilingness, to hire legal representation. So hire one, and file a claim. Do discovery. Amend as necessary. Maybe a Complaint is being drawn up now, and he wants to include as many causes of action as possible and accurately so. This is language, if used and shared, which is useful and potentially more reliable. If so, good luck, more power to him in making it happen. Sincerely.
You want "troops," yet have yet to instill motivation to participage in your 'army' or battle, which it would be. Someone suggested (ha!) Gramercy doing "the right thing." Boy, get real. Billion$ on the line, and they are going to switch course at this point 'cause they care about shareholders? As a shareholder, you conclude "we are all on the same team," you mention others (teams) may also be filing their own legal actions. Commonality of shareholder ownership does not make for the same team. In particular, where the 'leader' has not and did not initially respond to questions of his intent and his legitimacy, where in his response replied with multiple personal slurs and expressed anger per such pointed inquiry and challenge.
You generally cannot concern yourselves with others' legal actions, if any, until it happens, if it happens. Just get your Complaint together and get it filed. Displayed action will substantiate your or his claims and call for motivation. Troops will show-up at that point. Seems Llepard's intent is not to file a complaint as a class action anyway, though not ruled out. In fact, he may not want to file at all unless he can establish basis for a class action. You relay that a class complaint could or might subsequently occur along with other separately file complaints.
As for me as a Banro shareholder. My concern is financial loss as a previous shareholder. I cannot but jest that at least one LONG shareholder has lost nothing, in that he has not sold any BAA whatsoever. Silly stuff, of course. I sold quite some time ago. Much higher than many here. And still with decent losses. I purchased a few more recently when the volume went extreme and the price of BAA rose significantly. I sold those for a small loss as well. BAA has effectively been delisted. There are no more shares.
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