Box Ships Inc (TEUFF)

[Toxic Avenger]

This Thanksgiving, I will be giving thanks that I realized TEUFF was toast last year and dumped all my shares before the 1:50 reverse split took it down by 99%.

I wonder how many shares were dumped on retail from the convertible note so far. The 37k preferred shares exchanged for a $143k convertible note at a 40% discount to the lowest price for prior 21 days have a current market value of about $58k. When they're done converting they'll have a minimum of $250k. And if they sold some of those $.006 shares at $.03 when it jumped, they've got a 500% profit.

Nice bank on this scam.