Dayton & Michigan Railroad Co. (DMRR)

[LouisDesyjr]

Looks the same situation

I checked the quotes and AWRY is tradable with 200 shares on the bid at $103.55 and three shares on the ask at $175.

It looks like they stopped reporting totally, so they are just a 'pass through' like DMRR.

I have no idea why the parent does not just do a buy out and merge them into the parent company. It seems like there are extra expenses maintaining the separate company and keeping track of the dividends and everything. The parent could just do a stock merger, make the subsidiary part of them and the shareholders just get shares in the parent. Everyone would be happy and things simpler to keep track of.

Louis J. Desy Jr.