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BRST CEO picking up a few more cheapies...still
https://www.otcmarkets.com/filing/html?id=15264702&guid=DBTwkFQ01_Ipoth
currently Bid 45k @ $2.
BRST CEO picking up a few more cheapies recently, follow the money IMO.
https://www.otcmarkets.com/filing/html?id=15254938&guid=9emwkHt-e8-kA3h
BRST CEO picking up a few more cheapies.
https://www.otcmarkets.com/filing/html?id=15208980&guid=LXm9knkwjUhTOth
BRST little bit of insider buying lately.
https://www.benzinga.com/news/21/09/22759935/5-penny-stocks-insiders-are-buying
https://www.otcmarkets.com/stock/BRST/disclosure
BRST new tier OTCQX.
https://www.otcmarkets.com/stock/BRST/profile
Thanks for sharing.
I emailed, here is the response.
Yes we plan on getting current, we’re working that now. We should be current on our filings in the next few months.
Best,
Hope Cantarilho
?
?
Hope Cantarilho
D: 301.828.1209
E: hcantarilho@broadstreetrealty.com
M: 301.938.1389
F: 301.828.1201
7250 Woodmont Avenue, Suite 350, Bethesda, MD 20814
www.broadstreetrealty.com
www.midtownrowwilliamsburg.com
Do you have a link to this voice who told you? Thanks
I was told they were getting current with their next filings.
Company is working on getting current and should be current in the next few months.
Thank you. FINRA also made errors with 2 other stocks, mistakenly deleting the symbols and then rescinding the actions.
I'll submit a correction to ADMIN.
https://otce.finra.org/otce/dailyList
It has been corrected later at the day
BRST Broad Street Realty, Inc. Common Stock Other OTC
Comments Inactive message sent in error
https://otce.finra.org/otce/dailyList
BRST FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
MedAmerica Properties Inc., MAMP, changed to Broad Street Realty Inc., BRST:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
well two years later....lol
MedAmerica Properties Inc. Announces The Signing Of Definitive Merger Agreements With Shopping Center Owner Broad Street Realty, LLCPress Release | 05/31/2019
MedAmerica Properties Inc. Announces The Signing Of Definitive Merger Agreements With Shopping Center Owner Broad Street Realty, LLC
PR Newswire
BETHESDA, Md. and BOCA RATON, Fla., May 31, 2019
BETHESDA, Md. and BOCA RATON, Fla., May 31, 2019 /PRNewswire/ -- Broad Street Realty, LLC ("Broad Street"), Broad Street Ventures, LLC ("BSV") and MedAmerica Properties Inc. (OTC: MAMP) today announced that they have entered into 19 definitive merger agreements. Upon completion of the mergers, the resulting Company will be a fully integrated and self-managed public real estate company and will change its name to Broad Street Realty, Inc. The Company will own 17 regional shopping center properties with an aggregate of over two million square feet of gross leasable space in four states (CO, MD, PA and VA) and DC. The Company will have approximately 50 employees and be headquartered in Bethesda, Maryland with satellite offices in Denver, Colorado, Washington, D.C. and Manassas, Virginia.
Following the completion of the mergers, investors in the Broad Street, BSV and other Broad Street entities collectively will own 92.0% of the shares of common stock of the Company and current MedAmerica shareholders will own 8.0%. The Transactions are subject to customary representations, warranties, covenants and indemnification provisions as well as certain closing conditions. The parties expect the transaction to close before year end.
Commenting on the merger, Gary O. Marino, MAMP Chairman, said, "This merger with Broad Street is an evolutionary transaction for MedAmerica. Michael Jacoby and his associates have successfully grown their business over many years. MedAmerica shareholders will participate in the benefits of their hard work as continuing shareholders. Mike has done an admirable job in achieving this success as a private company. With access to the public capital markets, we expect this growth to accelerate."
Michael Z. Jacoby, Broad Street Chief Executive Officer, will serve as Chairman of the Board of Directors and as Chief Executive Officer of the Company, said, "We are very pleased to announce this merger and consider this a watershed moment in the continued success and growth of our organization. On behalf of my entire team at Broad Street Realty, we all look forward to continuing to serve the needs of all of our important stakeholders including but not limited to our investors and future shareholders, our customers, our lenders and our vendors."
Additional information regarding the transaction can be found in the Form 8-K filed with the Securities and Exchange Commission on May 31, 2019.
About Broad Street Realty
Broad Street Realty, LLC is a fully integrated and self-managed real estate company that owns, operates, develops and redevelops primarily grocery-anchored shopping centers and street retail-based properties in the Mid-Atlantic and Denver, Colorado markets. Broad Street is also a market-leading commercial real estate services firm that delivers cost-effective solutions for office, industrial and retail clients. The company has extensive experience in tenant representation, landlord representation, property acquisition and disposition, real estate development, project/construction management, finance, strategic consulting, property management and asset management.
About MedAmerica
MedAmerica Properties Inc. is a Delaware corporation pursuing the acquisition and management of well-located real estate with the intention of aggregating multiple properties with strong fundamentals in attractive geographic locations in the U.S.
BARAD: effective July 17,2017 BARAD will change to MAMP:
http://otce.finra.org/DLSymbolNameChanges
Banyan Rail Services Inc. changed to MedAmerica Properties Inc. and a one for 10 reverse split:
http://otce.finra.org/DLSymbolNameChanges
Well when a .70 cent stock does a 1 for 10 for me I dump out bc u got to hope for it to trade 7 to 10 bucks to make money and with these guys they sell it down each time right back to 1.00 .70s so if one holds essentially you are looking at a 90% loss if history proves right which is 3x already. So I guess holders from 7 years ago prob have .001% soon. or something like that.
Medical office buildings.
What losers these guys are. Total scammers. they are like .0001 rinse and repeat but at a higher price. they sell just enough to make some money and then do it all over.
Capital Change=shs decreased by 1 for 10 split Pay date=04/07/2010.
Capital Change=shs decreased by 1 for 5 split. Ex-date=09/19/2013.
now 1 for 10 RS
so 3 RS in 7 years. every 2.3 years the RS it.
but sounds like MJ huh? still dont trust them. they will do it again and again
no change of control? same dudes same history same future
Another corporate action for my legacy shares.
pre 14c excerpt, ", (1) to change the name of the Company from “Banyan Rail Services Inc.” to “MedAmerica Properties Inc.,” and (2) to effect a 1 for 10 reverse stock split of the issued and outstanding shares of common stock of the Company. "
These guys suck. They prob sold a few thou in the market and recycle their game again.
8k, "Item 1.02 Termination of a Material Definitive Agreement.
On April 20, 2016, the previously announced asset purchase agreement (the “Purchase Agreement”), dated February 16, 2016, between Banyan Rail Services Inc. (the “Corporation”), Thermocast Acquisition Corp., a Delaware corporation (“Thermocast Acquisition”) and a wholly-owned subsidiary of the Corporation, International Thermocast Corporation, a Georgia corporation, The Dekor Corporation, a Georgia Corporation (collectively, “Sellers”), and Mark Anderson, an individual resident of the State of Georgia and the sole shareholder of Sellers, for the purchase of Sellers’ business was terminated by Thermocast Acquisition. Thermocast Acquisition terminated the Purchase Agreement in accordance with its right to terminate such agreement pursuant to Section 8.1.5 thereunder.
Also on April 20, 2016, the previously announced Real Estate Purchase Agreement, dated February 16, 2016, between Thermocast Acquisition and Anderson Investment Management, Inc. (“Anderson Investment”), an affiliate of Sellers, for the purchase of Anderson Investment’s real property, including its buildings, improvements, easements and appurtenant rights and privileges, located at 189 Etowah Industrial Court, Canton, Georgia, was terminated. Thermocast Acquisition terminated the Real Estate Purchase Agreement in accordance with its right to terminate such agreement due to the parties’ failure to consummate the transactions contemplated by the Purchase Agreement.
All of the transactions contemplated in the Purchase Agreement and the Real Estate Purchase Agreement are collectively referred to as the “Transaction.”
"
Banyan Rail Services Inc. Announces Agreement to Acquire International Thermocast Corporation and The Dekor Corporation (2/18/16)
BOCA RATON, Fla., Feb. 18, 2016 /PRNewswire/ -- Banyan Rail Services Inc. (OTC: BARA) executed an asset purchase agreement with International Thermocast Corporation and The Dekor Corporation, both Georgia Corporations (collectively, "Sellers"), and Mark Anderson, an individual resident of the State of Georgia and the sole shareholder of Sellers, for the purchase of Sellers' business of manufacturing and distributing composite kitchen and bath sinks and accessories including cast acrylic and granite sinks, cultured and synthetic marble vanity tops and other related goods and services (the "Business"). The purchase price for the Business is $4,510,000, consisting of cash payments, common stock, and assumed liabilities, subject to a closing adjustment.
In addition, Banyan executed a Real Estate Purchase Agreement with Anderson Investment Management, Inc. ("Anderson Investment"), an affiliate of Sellers, for the purchase of Anderson Investment's real property, located at 189 Etowah Industrial Court, Canton, Georgia. The purchase price for the real property is $3,800,000.
The Purchase Agreement and the Real Estate Purchase Agreement contain customary representations, warranties, covenants and indemnification provisions. The consummation of these transactions depends upon the satisfaction or waiver of a number of customary closing conditions and the receipt of consents and regulatory approvals.
"This acquisition is the first step in the long term growth and reorganization strategy of Banyan. Thermocast is an industry leader in the manufacture and distribution of composite and synthetic marble kitchen and bath sinks and provides a strong platform base for future acquisitions. In addition, we are excited to add Mark Anderson and his 20 years of experience in the industry to our team," said Jon Ryan, President and Chief Executive Officer of Banyan.
A portion of the purchase price will be paid in newly-issued Banyan stock and the company intends to obtain debt financing for the remainder.
http://www.prnewswire.com/news-releases/banyan-rail-services-inc-announces-agreement-to-acquire-international-thermocast-corporation-and-the-dekor-corporation-300222300.html
depends on the situation.. if Marino had just converted owed debt to himself as cheap shares and had the large majority % of the shares I wouldn't mind
but throwing .18 shares to a bunch of other people threw up a caution flag to me
Paying 25 percent more than private investors would be unwise.
been watching this as I agree with you that something is probably coming and 'soon'... couldn't get myself to pay up to .50 due to their .18 pricing BUT maybe I should have-
.50 x .70
That might be a record. Ive had a few go way too long. 8 years 12 or something. There are a couple OTCQB shells that are extremely old. Well these old farts cant live forever. They should just pass this one to others besides family and bus partners who would obviously do the same procrastination or RSs...
More like 20 years.
Wow you been holding through 2 splits and a few years since 2008.
Saw I think his bio and had some big board experience. Well they better not RS it again or at least find something good to go into this. Or will this be a stock that you wait 10 years for...? It seems they were shaping the 2015 stuff up like they are going to do something. Website is down so a name change again maybe?
Well no better time to av down than now.lol at the lowest of the low.
Marino is the real deal.
The concept of converting old railroad ties into a fuel source was brilliant, but not profitable.
As far as the corporate name, BARA started out as VMS Hotel Trust (VHIT) in 1985.
The trust invested in hotel mortgages.
The sponsor, VMS, got in trouble and all of the mortgage REITs under their control has the name changed to Banyan (BHIT). I owned several during the liquidation phase when collateral was seized and properties sold off. This one turned out to be a dog after sitting on a pile of cash.
I have no intention of selling. I would consider buying once a new business plan has been outlined. However, no one should pay a rich premium to the insiders, which may be tough to do.
My goodness 3200 to 64... Now its .60 the year low.... I aved down a bit. I thought it would be a multi dollar stock but these guys seem to know how to screw things up.
Do you think they found something already? S/S is nice but do these guy have what it takes? It seems they changed names a couple of times and pps just goes south every time and they do small RS back to back
BARA is actively seeking acquisitions of leading companies within the industrial, energy, transportation, technology and health care industries throughout North America.
Marino has over 40 years of senior rail management and finance experience. He founded and later sold two short line and regional railroads, RailAmerica and Patriot Rail.
I have owned this so long that my original 3,200 shares now only number 64.
OS 6.4 mil officers own about 6 mil of those
The Company’s board of directors and officers directly or beneficially own 5,976,375 shares of common stock as of March 31, 2015 or 5,981,375, if their options are exercised.
As of March 31, 2015, the Company sold 1,622,222 shares of common stock in the amount of $292,000. The proceeds were used to fund working capital requirements. The shares will be issued in May 2015.
As of May 7, 2015, the Company sold an additional 672,222 shares of common stock as part of a continuing private placement of common stock in the amount of $121,000. The proceeds were used to fund working capital requirements. The shares will be issued in May 2015.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10694824
AS very very low and about maxed out by insiders
Share Structure
Market Value1 $3,862,385 a/o Jul 27, 2015
Authorized Shares 7,500,000 a/o May 12, 2012
Outstanding Shares 6,437,309 a/o May 13, 2015
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float Not Available
Par Value 0.01
A sign of an update coming or a new site, OR a sign of letting it go?
This Site Has Been Disabled
Contact your service provider for more information.
http://www.banyanrail.com/
On second thought. This management is horrible. How many times are you going to undercut shareholders? RS RS bad offering. Whats next? Another split? You are a shameful bunch...
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Banyan Rail Services, Inc. became a holding company upon the acquisition of The Wood Energy Group, Inc. on September 4, 2009. The stock of Wood Energy is its principal asset. Currently, BARA is focusing primarily on railroad track construction, repair and maintenance businesses, but may explore potential acquisitions in other industries as well.
The company was originally organized under the laws of the State of Massachusetts in 1985, under the name VMS Hotel Investment Trust, for the purpose of investing in mortgage loans, principally to entities affiliated with VMS Realty Partners. These loans were collateralized by hotel and resort properties. The company was subsequently reorganized as a Delaware corporation in 1987 and changed its name from Banyan Hotel Investment Fund to B.H.I.T. Inc. in 1998.
As the result of a public offering in 1986, the company received gross proceeds of $98,482,751. From 1989 to 1992 it experienced severe losses due primarily to a decline in real estate property values and the resulting default on mortgage loans held by the REIT. The company has recorded losses every year since 1989 resulting in the accumulated deficit totaling $87,833,681 on December 31, 2008.
On February 15, 1995, a change in control occurred pursuant to the closing of the sale of shares of common stock to Harvey Polly pursuant to an amended Purchase Agreement dated August 3, 1994. On January 26, 1995, a tender offer concluded which resulted in the tender to Polly of 128,821.7 shares of common stock or 12.5 percent of BHIT's then outstanding shares common stock for a cash price of $3.50 per share. Subsequent to the closing of the tender offer, the terms of the agreement also required Polly to purchase from the company a number of shares sufficient to allow Polly to own, by virtue of the combination of the tender offer and the share purchase, not less than 333,500 and not more than 40 percent of the shares of common stock after giving effect to the shares issued in connection with the purchase. On February 15, 1995, Polly purchased 204,776.6 newly issued shares of common stock for a cash price of $2.20 per share. Upon acquisition, when combined with the shares of common stock purchased pursuant to the tender offer, Polly was the beneficial owner of 3,335,983 shares or approximately 27 percent of the outstanding voting shares of common stock.
In September 2000, Summa Holdings, Inc., formerly known as Arrowhead Holdings Corporation, purchased 587,056.3 shares of stock for $1,683,000 (which represented an average cost of $2.87 per share), or 39.2 percent of the outstanding shares from Polly and related entities. Prior to the sale Polly excercised a to purchase 265,000 shares at $2.20. Subsequent purchases of shares resulted in Summa owning a total of 624,356.3 shares at total historical cost of $1,737,464 (representing an average cost of $2.783 per share), or 41.7 percent of the outstanding shares on December 31, 2006.
On January 24, 2007, a group of private investors including Polly purchased all of the BHIT shares held by Summa at $2.50 per share. As a result of the transaction, James Benenson, Jr. and John V. Curci each resigned as directors and officers of the company and Paul S. Dennis, Gary O. Marino, Polly and Andrew H. Scott were appointed to fill vacancies in the board.
Effective November 14, 2008, Gary O. Marino was appointed president and CEO of BHIT. Marino will continue to serve as chairman of the board. The board expects BHIT to benefit from Marino's railroad experience as the company focuses on making acquisitions in that industry.
The company changed its name from B.H.I.T, Inc. to Banyan Rail Services, Inc. on January 06, 2010. The information above was updated on April 16, 2010 to reflect the impact of 1-for-10 reverse stock split.
Corporate Website: http://www.banyanrail.com/
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