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Most of the time Jan post filings
before the close. I have a buy order
in today.
Do you know Ron's middle name? NM
Hope Jan lets the PPS run up to
a dollar before a R/S. You know it's
going to happen with 444M O/S.
I have not heard anything yet.
However, I did go to otcmarkets.com and
now Morningstar gives PRNGF 3 stars and
Box Ships 1 star. I also noticed PRGNF
O/S count is only 655K and Box O/S 2.9M.
I still believe CEO will add ships to
both companies. But when? Trading is
almost flat with TEUFF, but very active
at Paragon.
Didn't see that PR. When my check
clears at Schwab, I'll buy in. Thanks.
barchart.com has a BUY for RJDG.
I emailed Mr. Brewer this morning
to ask him why the company is not an
SEC reporting firm, and when will it
become one? I'm not buying until
then.
Is there anyone that can give
me a source as to Mr. Pham's personal
and professional backgrounds? I don't
buy any stock unless I know who the
big-wheel is. Google doesn't have
much. Thanks.
barchart.com has a strong buy for UAMM
this morming.
I've been thinking about buying
for a week now. However, the only worry
I have is that Mr. Telander is 67 years
old. And he's the only straw in the mix.
barchart.com says strong buy.
Oh c'mon! 2 years and 2 months!
By-the-way, Mormingstar gives ProGreen
3 stars.
amazon.com is still selling Marley.
If you go to otcmarkets.com and bring up
jamn, the page has a "stop red warning
sign." Which most likely means the SEC
may delist jamn anytime, without notice.
However, the jamn website has a 2017
copyright.
Who knows?! The worse thing about owning
common is the holder is the last one to
know.
If you're in just for the pump
then you are good. Longs better hope
for 20-F filing. As it is now, investors
are just taking Mortimer's word about the
company's math. Until SEC filing I'm
not buying....just watching.
Wonderful indeed except for one big
thing missing. AMFE is not a SEC reporting
company. And that is the main reason the
PPS has not moved much since the March 15th
PR. PPS will stay low until they become a
SEC reporting company most likely filing a
form 20-F. Those of you who own stock, you
should ask Mr. Mortimer when. Just saying
folks. Good luck. I was thinking about
buying until I found this out. Also, they
can not up-list to OTCQB until SEC filing.
3 levels...OTCpink...OTCQB...OTCQX
go to: otcmarkets.com
For up listing they will need a
hugh R/S. I don't think they will consider
until PPS is at least .10 cent.
I sent an email to Box Ships' office
in Greece requesting info for any new
developments and reminded them of the
importances of keeping shareholders up
dated. And also why they have not
posted the 20-F to the website?
If anything of significance I'll post it.
DRYS filed a form F-3 this morning for
a "mixed shelf offering" of 2 billion dollars.
And the common dropped 17%. Think goodness
Mr. Bodouroglou is unable to make such a move
as we are on OTC and not the big boards.
This is truly a wrecking ball to DRYS's
shares and their shareholders, too.
So what will be the scenario for TEUFF?
I think the dye has been poured and we
will find out very soon. And the
direction is going to be good.
However, if there's one thing I've learned
is that.....there is no such thing as
SERENDIPITY in the stock market.
Yes, it does make good business sense to
lease ships. What I don't understand is the
CEO for DRYS is buying new ships and one
LNG tanker with a total debt around 500M.
And yet the PPS is now stable at about 1.80.
So who knows what Box CEO and BOD will
do in formulating a new plan. It is like
reading a mystery novel and looking
for the last page.
It is a direct reaction to the
SEC filing 20-F (annual report) by Box Ships
2 days ago. Box Ships PPS went down 50%
yesterday and 11% today. Has nothing to
do with dilution as that is over. Just
hold on and wait for news. And hope it's
good news. You will either make a lot of
money are lose your investment. That's
the nature of penny stocks. I'm holding
my Box Ships stock until I find out what
the new plan the CEO is coming out with.
What about the 3 ships Bodouroglou
sold on the conditions after 90 days he
could get them back? Those ships, based
on the banks agreements are not due first
payment until Nov. Those are very good
terms. And they are still our ships if
he wants them back. Anyway, I think
we are going to hear something very
soon.
They are allowed before, and I
believe they have already been converted.
But that is the least of worry. Paragon
needs ships. Look for that and look for
SEC filings (20-K). If filings come,
then it means CEO has every intention
of staying in business. The accounting
cost to file is around 190K. He's a
major shareholder and I don't think he
wants to lose that. Anything can happen
Maybe a merger with Box Ships. Who knows.
There is not anything shareholders can do
now except wait. It's all in limbo for both
Paragon and Box ships until we hear
from CEO.
CEO said it will occur if Paragon
can not pay the loan back in cash.
(see last 6-K)
They can't, as they have no revenues.
I believe this loan has already been
converted into common.
Box Ships (TEUFF) came out with their
SEC filing 20-F yesterday. Maybe
Paragon's filing will be out soon.
Who knows! But be looking for it.
Anything can happen. But I don't think
so. The CEO doesn't have that kind of history.
Maybe bring on Paragon Shipping. But that would
be for accounting purposes only to consolidate his
holdings and shareholders and to save the company.
PRGNF has almost no assets.
Just filing the 20F is very good news
because it shows they have no intention of
walking away from this thing. It cost 193K
for accounting expense to have it done.
With no debt and the well connected, experience
of this CEO, there is no question in my mind
that they can obtain a small fleet. A surplus
of ships of all kinds are in dock looking for
buyers, and now at last, a rising sector. I am
cautious but hopeful.
The filing is so long it was like reading Homer's
The Iliad.
You got news today!! Annual SEC report
and 20-F is out. Look!! I think more news
may be coming out shortly. You know the
way it does sometimes....in bunches.
O/S now is 655.486K--12.5M after dilution.
Very good updated articles on drys
at www.seekingalpha.com.
LNG tankers....must be a hugh backlog
for builders. No telling how long it would
take for TEUFF to get any of these types in
this red-hot market. There are so many, many
options in the shipping sector. It will be
interesting. Drys has an order in for one
LNG tanker at 83 million.
That is correct. Only the 500K.
Bodouroglou has been recently criticized by
Box Ships's shareholders for taking out such
toxic notes, and not more traditional loans.
He and the BOD have concurred.
After dilution Paragon will have 12.5
million shares. Not too bad.
Yes. Go to the TEUFF (Box Ships, Inc.)
board and read posts 24033 and 24034 from
yesterday. The details are within those
posts.
Interesting indeed. I think it's not
a question of "if" but "when" Box well
been collecting a new inventory of ships.
I was aware of Paragon's 500.000 loan.
But thought it was not convertible until
Nov. 16, 2017. So now I know. Thanks
for posting,,,,all ways good info.
Paragon Shipping has been hit very
hard the last 4 or 5 business days.
So somebody out here must know
something-
.
And so our world and Bodouroglou's world
has been shifting below us as we speak
and wait to see if all remain standing
to be a new entity. A merger? A merger
between two companies without assets?
PRGNF has no ships.
I can not believe Bodouroglou would
just walk away from the whole thing.
No assets does not mean bankruptcy.
So we wait to see if this enigma solves
its self. I'm not selling my shares.
I still believe in Mr. Bodouroglou and
all of his years of experience as the
shipping sector slowly comes back up.
IMO-
It is China and the order for 3 ships
was a cancellation due to lack of funds.
You can find this on form 6-K dated Oct.
03, 2016. You can find their 6-Ks on
this site. Go to the "quote page" and
scroll down to the bottom.
Their last 6-K is for Nov. 16, 2016.
If you read that one you will find out
they took out a "toxic loan" of $500,000
that will be converted into common A stock
on Nov. 16, 2017. So this means dilution.
Some how I had overlooked their 6-Ks. But
the good news is that PRGNF has no debt.
seekingalpha.com said dividend to be
.07 on quarter basis.
post what you hear, thanks. NM
It's the same in my Schwab account.
Strange, indeed.
Someone had asked me why I should have
more confidence in Box Ships than Paragon.
I don't necessarily do. Except for the
following:
-Box Ship has no debt except for over due
dividends owed. I'm not sure about PRGNF
debt. CEO has never said.
-More transparent with Box Ships than Paragon
through a number of form 6-Ks.
-Paragon has 750,000 000 A/S where as Box Ships
has 450,000 000 A/S.
I was also asked about PPS for the next 2 or 3
months. My guess is about the same PPS as it is
today for both, Paragon and Box Ships. However,
we should get news anytime now if new ships are
coming. Certainly within a month or 2. IMO-
But who knows. CEO could have a merger in mind.
Only then would there be movement up in the PPS.
There earnings report is now filed
on SEC form 20-F, and is due 5/2/2017. With
an extension 5/17/2017 (same as Box Ships).
This type of SEC filing is required once a
year.
Go to Paragon's website and click on FLEET.
No ships (same with Box Ships}. So the
situation now is in limbo while we wait to
see if Bodouroglou can bring ships on line
for a new start. Anything of any kind of a
combination can happen. IMO However, I'm
holding my shares in Box Ships (TEUFD) for
now.
Bodouroglou is CEO for Box Ships, too.
Bodouroglou was in NYC the 13th and
14th of this month. I believe he was
talking to the banks for a loan. Box
Ships and Paragon both don't have any
ships. So we wait. I don't see why
he would be unable to get loans with
his reputation. He is also CEO of
Allseas Marine S. A. (allseas.gr).
I'm going to watch The Invasion Of
Normandy on youtube now. We won that
battle didn't we-