Box Ships Inc (TEUFF)

[munhoi]

there is $2.7 million owed to BOX ships that can be converted to cash owed to them from the CEO affiliates

the Dividends are not going to be paid until the company gets going again

that's where the cash will come from until they resume real operations

in meantime they have small contract for ship maintenance services that generates revenues for BOX until that time comes


that's why there is no subsequent event or new dilution mentioned


I think the market makers are looking at it all wrong and taking advantage of shareholders that end up selling because they only look at what people post here

BOX is worth a lot more then it was in July when they were stuck with over $128 million in excess underwater debt that is now all gone