Box Ships Inc (TEUFF)

[Hummingbird2]

in the published financials they have total assets of $2,875,705 and total liabilities of $2,631,360 which includes $1.99 million of unpaid dividends with a net positive equity of $244,345

Thank you again for pointing this out.

So, there is still about 0.084 per share equity based on that.

Right, they are not in liquidation status and there is no need to even propose another r/s of any ratio.