Box Ships Inc (TEUFF)

[Blizzld]

This one is a total crapshoot of course, but just for stuff to read , take a look at my posts about what happened at Paragon (PRGNF).. They had notes with Kyros too, and the stock bounced all around. see my prior posts or research it.

It seems to me that shipping has gotten hit hard but as best I can tell there is change in the air that things are getting better. China, Germany, US economies all doing better. Box's ships seem to be on the water now and not idle (if that info is to be trusted on location etc).

When something falls from a value of 300 million dollars to a market cap of 400k - 1.4 million whatever it is/was around the last month til now it will bounce around a bit.

I was just shocked to see that after Paragon issued a kyros note when the stock was 12 cents that months later the stock shot to 3.60. And that company has negative liquidation value per the CEO. It is still at 50 cents even after a second kyros note.

I am not sure we know everything here. It seems to me that this CEO gets a lot of money from this gig (in the comments of the article you had me find) and maybe somehow these notes are a play on keeping this afloat and someone grabbing a chuck of turnaround or liquidation value.

Why would PRGNF go from 12 cents to 50 cents after dilution. Makes no sense..

Please hack my comments up, looking for ideas (and see prior posts as I posted more info)