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Yes, I'm aware of that. However,
I doubt very seriously Tony was in a
position to make important company
policy and/or any policy at all.
The persons running the airline NOW
are not the persons who raised and
spend the 120 million. You know
this so why say it otherwise?
Funds will be coming from the
same places they have for hundreds
of years: banks, lending institutions
and individuals. They are all still
with us and still have to take risk
to stay alive like anyone else. So
they are looking for borrowers.
It's not as hard as it may seem to
get loans. Yes, some will be toxic
notes. Unavoilable no matter who
is borrowing.
I don't know very much about the
airline business. So why is there all
this talk about the lease with Kalitta?
When USGlobal has the financing and
need a plane, there are thousands of
planes for sell or lease here in U.S.
and all around the world. From what
I've read here on the board it sounds
like USGlobal can't fly unless we
do business only with Kalitta.
Planes are available like cars, new
or used. And lenders want to loan
so they can make money too. And
this how and why USGlobel and Tony
shall get the financing.
Google: "GBH CPA".....scroll down
and click on: "GBH CPAs,PC-OTCMarkets.com."
I don't see BLTA or USGlobal on the list.
Maybe it's an old list that needs updating.
I was trying to find any kind of progress
on the audit. I'm sure if I contacted GBH
they would tell me its none of my business.
Thought he own a grits mill. NM.
You answered your own question.
If Buffet found out of the existence
of USGL, he might take it private.
With all of those items taken care
of I just hope the SP is at least .10
before any R/S.
Sounds correct time-table. And
with news ever so often, SP could be
around .10 by first flight. What
shareholder couldn't live with that?
How much do you think the audit
will cost USGL? About 175,000---something
like that?
Here we go again...June 23rd.
Good news:
-Ships are coming on line
-Munhoi (S. Chu) becomes a member
of BOD.
Bad news:
-No ships coming.
-Offer no future plans, events.
-Approval of r/s.
At this late date it appears TEUFF
is not asking for another extension. And
the meeting is tomorrow morning 7:00 EST.
1. Good news?
2. Bad news?
3. Kick the can down the road news?
When a R/S does come I just hope
that it's no more than a 1-for-1.
I could live with that.
I wonder what the milage is from
Stewart to Tijuana?
They are getting the MAX at the
end of this month after the delay is
what I read.
He's not misinforming or misleading.
You're a shareholder. Didn't you watch
the SHM on youtube. Tony said no R/S
for a while.
John Lampl is 75 years old. I just
hope he still has the energy and desire.
It is for sure he has the knowledge.
Can you imagine a pissed off, apathetic
shareholder getting an email from Box
asking them to vote in favor of the
CEO and BOD and another r/s.
The only drama here now is who will be
on the BOD and what ships are coming
and by what means? Banks want to loan,
manufacturers want to sell, shippers
want to sail. The beat goes on.
Financing?! You said, "I haven't
heard one thing that leads me to believe
it's lined up yet." Remember, CEO's
background is in banking & finance. That
has to be a big plus. Don't you think-
What about the preferred Tony sold?
$750,000.00
Dead cat bounce folks on the SP until
the next PR. I just hope SP is .05
by time football season comes.
What about the new preferred Tony
collected, $750,000. That goes in the
ledger.
In the heads only! Is that not
where everything starts out first, in
the head like ROMESPARTAATHENS.
And we're just going to build a little
old airline.
I don't think he can legally use
those shares to vote at this late date
if he did buy.
I have sent 3 emails to the main
office telling CEO that if he does a
reverse that I would report him and
Box Ships Inc. to the SEC. Don't
think that would do much good. But
anyway.....
If he doesn't get the votes on this go
around, he most likely will delay it
again until he does get the votes.
However, it seems strange to sent out
letters and asking shareholders to hang
themselves for him. How would you begin
a letter like that? "Please vote to give
me your shares and I'll give you a free
ride on a ship you paid for, or maybe
you would like a toy miniature Trojan
horse that says on the bottom, BEWARE
OF GREEKS BEARING GIFTS."
How well can we do going up
against Norwegian? They are now taking
delivery of their first 737 MAX aircraft
in which they have on order 108.
From Stewart to Dublin, Ireland $99.00-
From Stewart to Shannon, Ireland $99.00-
From Stewart to Edinburgh, Scotland $99.00
Norwegian charges for:
seat assignments-
carry-ons-
food and drinks....etc-
How many gates are at Stewart?
I guess USGlobal will be sharing a gate.
I use to work at DFW International Airport
in security. And the gates there are endless
in numbers and distance.
I think they lost the vote on R/S
and now Stephen Chu has force himself
on the BOD. And so they are having to
make adjustments. It would not surprise
me if they have another delay. imo
The fact that they are having an annual,
otherwise, why would they have it if
they weren't getting ships? They are
still in business, and Box has no
serious debt.
The sector is coming back, too. The
banks know this. The CEO and BOD
has more than 30 years experience.
The Greeks have been shipping cargo for
5,000 years. They know how to get ships.
And the lenders are waiting. They want
to make money, too.
Shipping is like the oil business. When
the price for oil and natural gas go
down, the oil companies just stop drilling,
turn off existing wells and lay off workers.
They don't go out of business.
It could be that Stephen got on
the BOD. Since he has more votes than CEO
and BOD put to gether. I think we have
ships coming, too. This delay is
interesting. Something has come up.
I sent another email to the main
office telling them that I will file
with the SEC if they should have
another r/s. And that they are
already on noticed with the SEC.
I hope others here have done the same
even with their silence here on this
board.
All DRYS shareholders it would be
informative to you if you go to the
TEUFF board and read today's post
#24352 by MUNHOI. Actually, even
better to read his 4 post today,
24349-24352.
Box Ships, Inc. (TEUFF) is a Greek firm
voting for another R/S, annual meeting
this week, May 31.
For all Paragon shareholders it
would be informative if you go to the
TEUFF board and read todays 4 post by
by MUNHOI post 24349-24352.
I sent an email to the home office
addressed to Mr. Bodouroglou and BODs.
Telling them if they won the voting for
a R/S and if they should ever execute a
R/S that I would write a letter to the
SEC requesting them to look into the
matter.
We are lucky, considering the 9.6B
share count, that the RS shall be no more
higher than 1-for-50. DRYS had a 1-for-5000
two months ago. But then comes the toxic
notes as Tony gets funding. The coming
preferred dividends will be costly (12%)
because of the high risk. And they will
surely be convertibles into common. SP
must be at its best for shareholders
between "now and date of R/S." After
that PPS will be a slow climb if USGL
is successful. IMO-
You forgot TEUFF who's CEO is
also PRGNF. Annual meeting May 31st for
both and he wants a R/S again. The dude's
(CEO) name is Bodouroglou.
Interesting post. However, Tony had
been CFO since Feb. 2016. And was able to
sell new preferred. So evidently the
baggage if any....is harmless.
1 for 2 rs....big day coming quickly
now. Think the annual shall be a
bitter-sweet affair...lose share
count and gain ship count.
Well, I don't know. But I still believe
CEO can get bank loans, even though he's
got dirt on him. Remember he was in NYC
last month and there's a lot of banks in
NY and other lending institutions. And
banks like lending money to experience.
And have little or no concern for share
holders of the company in which they are
lending.
Don't have a crystal ball. But I believe
on the 31st. he will announce ships are
coming, then SP will increase, and soon
after a R/S if he wins the vote, so as
to get Box back on the big boards.
But no matter the case....a R/S would be
a crime against shareholders. I hope we
have enough votes to kill this action.
It's true CEO had hired a company
out of NYC to retain preferred now for
about a year. And how many were
bought back is not known. The sticking
point for toxic avenger is not what has
happen to the preferred shares, but
rather accrued dividends owed on Box's
balance sheet. Though as a debt I'm
not too worried about it.