Box Ships Inc (TEUFF)

[ChuckBits]

No worries here & thank you for taking time with a detailed reply.

My original post was intended for people attempting to twist the new note into something other than "convertible debt".

I didn't say anything about how the stock would react because I have no idea!

I stand by SB's "note interpretation" skills. This is exactly what I said:

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.

And…

My "nod" to the other guy comes from reading his interpretation of complex filings & notes for over a year. I commented on his skills at understanding "notes", not the company. Does knowing the fundamentals of the company have anything to do with understanding a note?


I should have provided more details regarding the "bank note amendment". I knew if they could get a conventional loan they wouldn't have gone with CD. IE If someone were really handing them $250k & saying "don't worry about paying anything back for 1 full year", then they could've got a standard loan. Hope that makes sense?

Finally, "I get" this is not a "mom & pop shop"! I am in no way bold enough to think I understand everything about this company or how they will turn things around. I appreciate your insight, good luck to you as well...