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Exactly why the “group“ must stay strong. Even if it is just an act of mutually assured destruction. Although there’s no reason for it to come to that. There are over 300 million authorized shares that could be issued without additional shareholder approval. If that’s not enough to raise sufficient capital then a reverse split is pointless anyway. At this point it would only be a vindictive act on the part of the CEO. The ball is in his court.
The CEO has his own sources of capital. Not the least of which he acquired ( stole ) from us long time shareholders. In addition he has millions of authorized shares to issue without doing a reverse split. Not that I desire nor recommend that course of action. At this point the only purpose of a reverse split would be too wiped out a few activist shareholders.
Thanks I’ll do that.
Thanks for letting me know. That makes sense .
My request to be a moderator was not granted. Apparently I can submit a new application after 4/2/2108.
Thanks I’ll look into it.
Me too. Had 60,000 shares now have 6 worth $0.06.
Question, do I need to be a paid member to be a moderator?
I hope you’re right. 150k shares, that I plan to sit on until I retire in 6 and a half years. It will ether be worth much or nothing.
My guess is, not much will happen here until they report 1st quarter results. Then people will take notice. Multi dollars and up from there. 15k shares in for the long haul.
Check out crypto mining stock, HSSHF “Hashchain Technology “. Recently did a 2 for 1 foreword split.
Dose anybody know anything about HSSHF “Hashchain Technology “?
Dose anybody know anything about HSSHF “Hashchain Technology”?
Thanks for the change. We should start to see a lot more activity on this board now.
I see a lot of talk on this board about technical trading of this ticker. Does anyone have knowledge or views of the underlying company? Is there value here or is this just another shell pretending to be a business?
Bought my first shares in 2011 for $8. Then loaded heavily after the price collapse in 2016. Post R/S cost basis was $4.30. Loaded again in October when the price was under $0.01. This bought me back up to my original share level. $99k invested.
.095
Welcome. I like you put a lot of money into Box ships in the years before the reverse split. Had 1,000,000 shares. Then bought back in to erase the dilution. Now have 1,050,000 shares and currently have no intention of buying any more. I do however actively vote my shares with the activist group. I’m unqualified to give advice, but my intention in to hold for as long as it takes for some kind of turn around. Even just as a shell corporation there is value here if only for the ticker. Perhaps a majority shareholders group could take the company away from the thieving Greek and launch a crypto mining company. TEUFF COIN anyone.
I’m in for the long haul. You count on my 1 mil. shares voting in solidarity with the group.
Or we could just launch TEUFF COIN. The toughest crypto currency in the world ??.
I just posted my 1,050,000 shares of sale at a limit price of $2.00. I hope this will make a difference.
You can count on me to vote my 1,050,000 shares with you. I’ve been here for 6 years I can hang another 2 or 3. That being said, if we manage to get the cap into the $100mil + range, I may at that point, be on the wind.
Thanks for the response. We’re on the same page. I’ve mentioned on this board before that I first bought into Box Ships in 2011 when it had a market cap of about 265mil. IMHO, if a legitimate re-fleeting does happen, we could see a similar valuation in the not too distant future. Hang in, and have a great weekend.
I have a question for the board at large. How many of us are sitting on a million or more shares, holding for dimes or dollars ( as in, investing in the future of Box Ship.)? Is it likely that 2/3rds of the shares outstanding are held by fewer than 10 people? Leaving less than 10mil shares available for the daily traders?
Rumors only. We’re all waiting for an announcement from management.
The company is more than a shell, although not a lot more. Currently they have no ships. They did have a fleet as recently as 9 months ago, and re-fleeting rumors abound. They reportedly have some some revenue from ship management services and $2.7 mil in accounts receivable. IMO even without ships this stock should be valued in dimes. With a small fleet it should be valued in dollars.
I threw a lot of good money after bad on this one. I now hold 1,050,000 shares at $.096. So for me, a few ships, revenue and earnings would make this my one in a lifetime.
I bought my first shares of TEUFF (TEU at the time) for $8, representing a market cap of $265m and seven ships. If I remember correctly they actually had nine at one point. Now the company seems to be coming back to life, all be it without a fleet. I’m looking for a rebuilding of the fleet and a return to a market cap of $265m. With 29m shares outstanding that represents a share price of $9.13.
No ships, CEO playing a shell game. Maybe if enough pressure is brought to bare, he will change his ways.
Box Ships needs to get back in the business of being in business.
I had 1m shares before the RS as of yesterday I’m back to that level.
Bought my first shares back in 2011 for $8 per. I’m holding for $ not pennies.
Hence the handle.
I have sent a couple of emails to investor relations. But I've never received a reply. I haven't attempted to contact any board members or Mr. Chu directly. But I agree that it something I should do and will in the near future. Thanks for the push.
As far as the shareholder revolt of last spring goes. While we all should a take some pride in that rare display of unity. I fear it may have been for not. IMO the recent increase in the number of shares outstanding, is likely evidence of our illustrious CEO attempting to dilute the opposition into irrelevance.
Personally I'm down this rabbit hole to the tune of $90,000 for 100,000 shares . So while I'm determined to stay in this and stand shoulder to shoulder with my fellow shareholders to the last nail in the coffin, fear that just makes me a pallbearer.
What's in a name........ nothing.
Thanks for the links.
Thanks for the info.
Can't do a private reply because I'm an unpaid member.
I've been watching what you have been saying about dilution and obviously it's not good for me. But ultimately the endgame is the same if it's still in business dilution or no I should be able to recoup if it goes out of business dilution is in material.
Thanks, it makes sense now.
Good afternoon ladies and gents. I've been lurking on this board for the last couple of months, just watching the action. I've been holding TEUFF since 2011. Back when it was paying a nice dividend. My first 50,000 shares cost me $70,000. I'm now into it for 1,200,000 shares and $85,000. Which I have mentally written off as cone for good. Although I still hold out a small hope for a modest return before I retire in 2024.
I'm a amateur investor, not a trader. The rest of my portfolio has adequately covered this one apparently "stupid move". Thank God.
I can't say that I have a lot to contribute here other than this. For me this is a long term play. Box ships will either be in business five years from now or it will not. If it is still in business, it will not be a penny stock. If it is gone, it's gone.
I do have one dumb question. Who or What is NITE and why does he keep screwing with this stock?
Good morning Gent's
New to the board, 1st time on any stuck board.
I ridden this stock down the mountain from 10k shares of TEU at $8.00
to 1.1m of TEUFF at $0.08. And I expect to be holding the lions share
of that in 5 years. An earlier post mentioned that analysts like this stock.
I've found it hard to finds anyone who even knows box ships exists.
Could anyone reference a specific source.