Box Ships Inc (TEUFF)

[munhoi]

assuming that this unacceptable situation between the common shareholders and the BOD and CEO of TEUFF isn't worked out in the near term that benefits all parties the complaint would be filed in summary as follows due to the BOD and CEO being on both sides of every TEUFF business transactions benefiting the BOD and the CEO's private affiliates: ( detailed audit trails exists for these transactions where the BOD and CEO were on both sides of the transactions thru Allseas, Neige International Inc. etc. that benefited the BOD and CEO private affiliates at the expense of TEUFF and its common shareholders.


It would be filed as a derivative suit whereby the Plaintiff, shareholders of TEUFF would sue the Board of Directors thru a complaint alleging that Defendants breached their fiduciary duty of good faith, committed waste by approving transactions that were not the product of good faith business judgment, and were unjustly enriched at TEUFF/common shareholders expense. Plaintiffs would first file and make a demand on the TEUFFs Board before instituting the above action against Defendants - the BOD of Box Ships.