Box Ships Inc (TEUFF)

[ivfk]

I would be interested to learn more about the detailed audited transaction you have between Neige International and TEUFF. It is my understanding that this is the CEO's trust under which he purchased 208,000 shares of the TEUCF preferred shares at around $25 per share. In other words his trust purchased 5 Million of preferred shares that are now worth only a fraction of the original value. How did this benefit that CEO or the board of directors. Neige still owns these shares, correct?