Box Ships Inc (TEUFF)

[ChuckBits]

Thoughts to ponder:

If deciphering and understanding the minutiae of convertible debt notes were "easy", there would not be over 1,000 posts (and counting) discussing them since the release of the latest note.

I think I have a "decent" understanding of such notes, but I am not arrogant enough to consider myself an expert. However, IMO SeanBoy IS an expert and I suggest people listen to what he says.

The MATURITY DATE is the date the note is DUE in cash, plus interest, IF (Key Word = IF) the note has NOT been paid via the CONVERSION OF SHARES. It is not a "pay later loan".

Which makes me ask: If the big banks were "allegedly" willing to delay the repayment of over $100 million dollars, why wouldn't they just pony up another measly $250k?