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.
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