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When ships come, contracts come, and
capital to pay off loans. Your a little
too pessimistic.
Oh, I think CEO has many options. There
are plenty of sellers and ships around the
world waiting for buyers. He doesn't need
to have cash to buy ships. Why do you think
there was a R/S. Dilution from A/S may be
coming our way by any means. I don't know
what's going on in Bodouroglou's Brain. But
we do know 3 ships may come back in 90 days.
We need news......and that's a big understatement!
Still, its hard to believe, since Mr.
Bodouroglou is so steep and well connected
in shipping, that he can't bring on line at
least one ship to save this company in
which he also owns shares in, too. We
shall see. He could transfer one from
Allseas. Even with debt, and save TEUFD.
It's tough out here, folks.
Yes, I see that now. It's beginning to
be a little worrisome since 2 directors
jumped ship. And during the days Bodouroglou
was in NYC. The worse thing about owning
common is we are the last ones to know what
the hell is going on, good or bad, and then
sometimes it's too late.
I thought they had to file once a
year. Hasn't it been a year since they last
filed, Dec. 31. 2015?
Didn't you once say they had a filing some
time in 2016, and they don't have to file
until summer this year? Is that correct?
I know you don't believe they are due a
filing this month. Thanks.
This morning Top Ships, Inc. reported
a loss, EPS -.09. So what happens? The
common was/is up 50% (TOPS). Our turn,
our time is quickly coming up with the
filing.
TOPS has 6 ships. All are almost new.
Last year their EPS was in the RED over
4.00. Things can turn around very fast
in the shipping market.
That suggest to me that Bodouroglou is
not bringing Trader & Voyager back on line
with Box Ships. Or maybe it might depend
on what kind of loan he obtains in New York.
Both of those ships were built in 2010. I
hope this is the case as maintenance expense
would come into play with those two ships.
Small point. Anyway, thanks a lot on the
info. All looks good.
T.A., I'm not sure that has anything to
do with the present reality of things with
TEUFD. Unless you would like to explain
how it does. So many of your post are based
on pending doom for TEUFD without considerations
on what has been done in recent events. So
many of your post are based on a general
premise of what occurred with TEUFD too far
back. But now no longer apply.
BK is not conclusion as you so strongly believe
for TEUFD.
Is that figure from otcmarkets.com
a while back? I noticed now beside the
A/S it said, "no information." Thanks.
The count may be the same. But
the exact number wasn't given in the 6-K.
So I have emailed investor relations for
the answer. If I don't get it there, I'll
email Mr. Mason. All of this, however, may
be just academic as future finances develop
and added ships come on line. I just hope
Mr. Bodouroglou is as dedicated to Box Ships
as he is to his private businesses. His
letter to shareholders, I believe is sincere.
What kind of loans Mr. Bodouroglou gets is
almost as important as getting the loans,
themselves. Ideally for us, none are convertibles.
Very exciting time for common holders. TEUFD
starting over like a new company, and a rising
shipping sector, slowly coming back. But caution
must rule. So cross your fingers.
Is anyone here aware that Mr. Bodouroglou
is the managing director of Allseas Marina S.A.
(allseas.gr) or am I the only one to know? They
have 11 bulk carriers and 7 container vessels.
It looks like 5 of those vessels listed once
belonged to TEUFD:
Box Trader
Box Voyager
Box Express
Box Endeavour
Box Endurance
These as you see on the website are not old
vessels, and Bodouroglou has the option to
bring them back to TEUFD after 90 days. At
least 3 of those ships.
No question Mr. Bodourogiou is in New York City
for a loan. What else? No question of his
excellent reputation in shipping. And thus, no
question he will come back with what he is asking
for. Now we need "the new plan" and the filings.
Things are looking good here.
I just went to www.seekingalpha.com,
and it said "FREED is defunct." If
this is true, it would not be surprising.
FREED has not had a filing (20-F) in two
years now. And also I think they are not
allowed to have 2 R/S within a year. Even
for a OTC stock. SEC does not like this
sort of things. SEC may have taken them
out in one day without a notice to FREED
and common shareholders. I have seen this
happen before with another stock.
If this is a mistake by seekingalpha.com
then so be it. Still, FREED is an extremely
dangerous stock to be holding as stated. The
SEC can be a real punch in the guts.
This morning FREEF is having a R/S
of 1 for 5000!! Gee whizzzz! And I wasn't
feeling too good about our 1 for 100. But
we are in good hands here and in good shape.
And the gap between the bid and the ask is
narrowing. The sector is rising, slowly.
The boss is in New York City, and the big
banks are there, too. The PPS could be
a dollar by March, imo.
Interesting. Your post are always
informative.
No. What I'm saying is Schwab is showing
that Box Ships has 672,000 (thousand) shares outstanding.
I think Schwab just made a misprint.
Noticed a TEUFD important upgrade
rating. MORNINGSTAR: yesterday 1 star,
today 2 stars. You can see it at
www.otcmarkets.com.
Also, if you go to www.seekingalpha.com,
TEUFD is listed as TEUFD NEW. And that's
what we now have, kids, a new company, a
new beginning, a fresh start.
FORWARD ALL SHIPS-
(when we get them)
My Schwab account shows 672K O/S.
Do you have any idea what that is about?
Thought it was to be 2.9M.
In fact, what has happen is more
than "down-sizing!" TEUFD has reinvented
itself as if its a new company going
into a shipping sector that's rising.
With a good plan expressed in upcoming
filing, PPS could rise to 2.00 dollars
by early Spring. I believe. Though
everything from this point onward is
theory.
Investor relations is just a front
for the company. He doesn't know anymore
then what the bosses want him to know.
I'm down 5 thousand today with 897,300
shares. Tomorrow, 17,948 shares. So if
O/S is 145M, then now, I guess, it will
be 2.9M O/S. Correct?
Thought I was headed for beans and
bread for lunch! How I'm going for BBQ ribs
and a shot of bourbon. Two shots.
Go TEUFF
What about the symbol change as
stated to TEUFD?
A lawsuit won't be anything but another
waste of your time and your money on DRYS.
A lawyer will tell you this. And as far as
the SEC is concern....they could care less.
seekingalpha.com. bring up DRYS-
But do you need anyone else to
tell you this?!
www.barchart.com
-strong sell.
-long term:weak.
OTC stocks don't get a warning on the
ticker. The SEC will tolerate a none compliance
for about two years. Then kaboom. At least this
is the only case I've seen with an OTC stock last
year.
OM....you can't judge a company by the
number of employees. I have been trading
oil stocks for years. When the oil price
per barrel goes down too low to pump it out
of the ground, there will be lay-offs to the
level where all that's remaining is the CEO,
CFO and COO. When oil prices come back, then
every thing else follows. Hang-in.
Dilution here, dilution there, dilution
up or down. What difference does it make.
This dude, this CEO is keeping DRYS alive
by living off common shareholder money.
The longer you hang on here, the more
money you're going to spend and lose.
And also, more of your time wasted
Two minor observations made today.
I'm surely not investing in DRYS as that's
an understatement. I have $11.000.00 here
and not going anywhere. However, one: I
did go to seekingalpha.com and found that
now DRYS has 35,726 followers.
Two: also, on this same site I brought up
TEUFF and found, dated Dec. 21, 2016 the
OTCQB Certification form signed be CEO
and showing he owns 2.81% of common. Of
course I know you knew this. So my posting
is just for others on here who might want to
see the document can do so.
IMO and just a guess and hope....that the PPS
at least goes to .12 before CEO does a R/S.
I would be happy at just this only.
The new huge debt coming will bring
the PPS down to about .10 cent. And
then another R/S.
Why not have the COO call you as it
may be an opportunity to really pick his
brain.
Anyway, has anyone here been watching what
DRYS has been doing this month (big changes)
and what it may mean to the shipping sector?
DRYS released three 6-Ks this month.
6-K dates:
1-12
1-13
1-19 today
First one, they put in an order for 3 (VLGC)
very large gas carriers at a pop of 83.5 million
dollars each.
Second 6-K: About financing.
Todays 6-K: KABOOM. 1 for 8 R/S effective Jan. 23.
PPS closed today at 1.01.
Is this a good sign for the shipping sector or only
a DRYS's blunder? I don't know about DRYS, but it
should be a good indirect sign for TEUFF and shipping.
Do you have any examples of an alliance
and how they function togather? I don't
know of any mergers within the sector or
even partnerships. And one other item.
Toxic says the 20-f is not due until this
summer. But I believe they have to file
the 20-F in this first quarter since its
been a year now of the last filing. So
when? Otherwise, in order to keep the
PPS from dropping out of sight, we really
need to hear from the CEO sometime in
the next three months.
Well, that's not too bad, 145M O/S.
I noticed GLBS has only 5 ships and
PPS 4.50. Maybe TEUFF can also get
there sometime this year. I think
the CEO has enough smarts to get
us there.
Since you are the largest shareholder
do you have any idea the number of O/S
as of today?
I've been selling on the high and
buying back in on the dip. That's
the only way I know to beat diluting
as I believe TEUFF is a good shipping
firm. This sector has to come back
sometime, and maybe this year. How
ever, I think TEUFF is good for one
more pump-and-dip. I have gone from
540,000 shares to 897,000 shares. I
feel very lucky using this trick to
stay ahead of this guessing game.
Forward TEUFF
What I don't understand about the
shipping business are loans on the
cost of ships last longer than the
life-time (10yrs.) of the ship. So
I don't see how they ever can get
their loans payed off.
If I was preferred holder, I would sell
at 4.00 dollars and buy common as it closed
today at .012. That's over 330 common for
1 preferred.
After TEUFF gets a full breath of
wind for its new sails I will gave CEO F
if there's a R/S greater than 1 for 100.
Though I'm extremely thankful for the CEO
escaping BK and saving common shareholders.
Of course....only, if this all comes about.
I don't know too much about TEUFF's
preferred and their agreements with the
holders therein. But I do know that
they carry certain risk, too, based on
how well the firm is doing. Agreements
can change and are not written in stone.
I tend to believe that this accumulating
debt, in the long run, will not be paid
in cash as is. However, I don't know if
they were sold as convertibles or not.
I'm not too worried about this issue as a
rising shipping sector has a way to take
care of almost everthing.
My only concern now is the future
math of R/S. How many times R/S
and how many shares? But that's
something to talk about another
day.