Box Ships Inc (TEUFF)

[munhoi]

ie I cannot find anywhere any record or information that the CEO's affiliates assumed any debt in return for those 2 Ships that they paid less then $5 dollars for.

If it was significant they would have been published somewhere.

Its possible they couldn't sell them and the CEO took them over for essentially nothing & the debt related to them were settled along with the Ambro & Credit Suisse debt settlements.


if so then the CEO should give back those 2 ships to us for nothing - ie is indeed the CEO did not assume any debt liabilities for those ships - that is the unknown what was that debt assumption dollar amount and who still owes on it???


or was the CEO just transferring assets to himself for his own benefits?

we need to find those answers