Box Ships Inc (TEUFF)

[munhoi]

with final float closer to 28 million thru Friday included

7.5 to 8 cents may be the upper target versus 10 cents

but even without any positive news this shouldn't be anywhere less the 3 cents minimum since the note conversion moved this from over 25 cents to where it is now and the reverse split was rejected by shareholders ie the drop is higher then any dilution ratio and that was with the reverse split being proposed and rejected - with the rejection not priced back in yet

the CEO affiliates owes Box Ships $ 2.7 million that he hasn't paid back the company - that's why shareholders are still fuming over the measly note that was issued to spite the shareholders voting against the BOD and RS proposal some believe


of course some of us long timers are waiting for more ie unexpected positive news from the company - the unknown variable that the long timers are waiting for to emerge