BANRO CORP. T.BAA

today's press release re: ETF removal will help stock

[benandemmiboo]

TORONTO, ONTARIO--(Marketwired - Sept. 22, 2014) - Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA) (TSX:BAA) wishes to comment on the unusual market activity and volatility of its common shares experienced on both the Toronto and New York (MKT) stock exchanges on Friday September 19. The Company continues with the plans set out in its August 18, 2014 press release and has no news pending at this time and no material changes to report.

It came to the attention of the Company that there was a rebalancing of the GDXJ Index (ETF). A market announcement regarding this was made early in the week of September 15, 2014 and the Company understands that the transaction(s) closed on Friday September 19, 2014. The Company also understands that this ETF held approximately 25.6 million Banro common shares prior to rebalancing.

[Kronsteen]

Yep. Simple technicality, Banro market cap fellow the market cap required for the ETF. Someone got themselves the bargain of a lifetime buying those 25million shares! 

[Prof_JD]

100 : 1 odds of it finishing GREEN today its going negative you watch!!! BAA gunna make you -work it- for that 1 green day it will eventually decide to have lol going negative jd the prof- 

[birch1]

JD, Only a matter of time now.  Once the deal gets done as announced, this will move.  Beaten down way too much and, they are producing.  This is a steal.