Box Ships Inc (TEUFF)

[Toxic Avenger]

Now we see why the company held off filing for a year.
The balance sheet is a disaster.
They are insolvent and accruing preferred interest at a fast rate.
Their only hope is toxic financing and that will require a BIG discount on diluting shares.

It's likely to drop to single pennies once they issue more toxic debt.

And don't look for a PR, just look for a lot of shares suddenly dumping into the bid.