Box Ships Inc (TEUFF)

[munhoi]

thank you I knew you would be on board since you've owned shares when it was over $8 or more a share before all the reverse splits and dilution - this was once a $400 plus a share stock before mgmt squandered over 1/2 billion in capital raised thru the common shareholders

mgmt goal was to buy as many ships to create as much side marked up very profitable service fees to their private affiliates using common shareholder money to generate the revenue streams thru Box to their private affiliates including arbitrage fees thru Neige International, Allseas ship mgmt services at big markups etc. doing it in reckless abandon - the more ships they bought thru Box the more private affiliate revenues they generated for themselves etc. despite over capacity in the shipping markets - ie all they care about was creating a vehicle to funnel more money to their private businesses IMHO

they need to return some of these funds thru ship sales aka transferred ship assets and un-needed reverse splits and dilutive notes and re-invest them back into Box Ships vs using the assets of Box to fix up their own leaking ship business Allseas IMHO