Box Ships Inc (TEUFF)

[munhoi]

I believe your targets are achievable

hope it gets there sooner then later


this company has zero debts except paying the salary of ceo coo finance manager and minimum supplies accounts payable with $2.7 million owed to them from the CEO affiliates that they are holding BOX ships money because the CEO is keeping the companies cash in his affiliate and wont release the money back yet

except the preferred dividends on hold since dividends were suspended there is zero bank debt zero any kind of senior debt

the common shares owns the company with no bonds, secured debt or any kind or subordinated debts, or senior debts of any kind zero

since the salaries owed shouldn't be paid IMHO since the CEO hasn't paid back the company the $2.7 million owed the common still controls this company - with Mr. Chu trying in vain to make the necessary changes to the BOD and CEO since when he helped block the reverse split proposal from going thru the Companies lawyers contacted Mr. Chu and tried to intimidate him

we should all take a higher stake in the company and change the management if they don't start issuing positive news etc.

that's the non trading point of things