Box Ships Inc (TEUFF)

[Toxic Avenger]

You need to read the article about how even the well funded big guys are struggling with large losses.
Then realize TEUFF stopped filing quarterly reports and has had to resort to toxic debt.
Now add in two ships sold for $13 million. Ships that were written down to $18.5 million just last quarter.

It goes a long way to understanding why the stock fell last week and is now having trouble holding 2 cents.