Box Ships Inc (TEUFF)

[nightbengal]

I'm new to this board, but I've been hanging out with Box Ship shares in my account for a while now. I'm with you guys on most of what has been said here. But I'm curious about something.

According to Yahoo Finance, and confirmed by Hummingbird below, the total market cap of the company based on most recent stock price is $252k. Think about that: A quarter-million bucks, among people who own multiple shipping companies and have a wide array of assets. Even at the current Ask, that value is only around $400k.

So, that begs the question: If all they wanted to do was seize control of the company and vote how they wanted... why haven't they?

Why go through all this work and red tape in trying to get a massive RS approved? Why keep pushing off and filing more with the SEC and burning through time when they could have the entire company for far less than any of the Board is worth? For less than their RECEIVABLES are worth? Heck, they'd be farther ahead to just shut the company down and start over... but they haven't.

So, what gives? What are these guys really up to? Maybe I'm missing something, but it seems like an awful lot of wasted time and money just to wrest power from us little guys.

Food for thought. March on, fellow investors.

-- nightbengal