Banyan Rail Services Inc. (OTCMKTS:BARA) Files An 8-K Other Events
Item 8.01
| Other Events. |
On May 25, 2017, Banyan Rail Services Inc. (the Company) issued a
press release announcing it is taking steps to strengthen its
balance sheet and embark on a new strategy to pursue the
acquisition of well-located medical office buildings,
particularly in the sunbelt states. Further, the Company
announced that it is changing its name to MedAmerica Properties
Inc. to reflect this new strategy and effecting a one-for-ten
reverse stock split. A copy of the press release is attached
hereto as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| Exhibit No. | Description |
| 99.1 | Press Release, dated May 25, 2017 |
About Banyan Rail Services Inc. (OTCMKTS:BARA)
Banyan Rail Services Inc. is a shell company. The Company focuses on acquiring companies within the industrial, energy, transportation, technology and healthcare industries across North America. The Company has not generated any revenues. The Company may also explore acquisitions in other industries. The Company does not have any operations. Banyan Rail Services Inc. (OTCMKTS:BARA) Recent Trading Information
Banyan Rail Services Inc. (OTCMKTS:BARA) closed its last trading session up +0.25 at 1.25 with 200 shares trading hands.
