Box Ships Inc (TEUFF)

[Toxic Avenger]

Despite their little "we almost paid off our toxic debt. Oops, took another one the next day" game, I agree, they're not a scam.

That however doesn't mean that bankruptcy and wiping out the common is not the most likely outcome.

Ironically, the scam stinky pinkies often do better than the legit companies because there are no expectations for them, their fixed costs are almost zero and they can claim anything. Companies like TEUFF are hampered by having real financial statements, though TEUFF's only providing them every year, and 6 months after the year closes makes it easier for them to hide things than companies that have to file quarterly.