Box Ships Inc (TEUFF)

[Hummingbird2]

Once the Greek shipping climate for publicly traded companies has improved, he will initiate a reverse merge with Allseas into Box Ship (tanker and containerships) and focus Paragon on bulk ships. He has a vested interest to do so since he owns a large portion of the preferred shares of Box Ship.

Very interesting. That's right he does own a lot of preferred shares of Box Ships.