Box Ships Inc (TEUFF)

[munhoi]

I got a letter from the BOD yesterday

they thanked me for my letters messages requests and indicated they have reviewed them and taken them under consideration

but then reminded me that they communicate to shareholders thru public filings only

they contested some of my issues with how they are running the company and indicated all material information are in the 20F

then ended the letter inviting me to meet with the CEO when hes back in US again and assured me that shareholders remains a top priority to the BOD


that's all I can get from them- I can only hope my letters to them and my requests on what they need to do as the largest shareholders ( largest passive shareholder) makes a dent

but they are a Foreign company listed under US - so its harder for me to make any inroads then above when they under sovereignty of Greece

I can only deduce that they are not rushing in to make any more mistakes and mistakes that could have harmed shareholders more then taking the longer road and not rush into new bad financings and work longer although slower to get the results we need without any harmful dilution

all my letters to BOD requested an outside BOD member plus anti-dilution measures and a new business plan to generate high margin future revenue streams

that's all I can do at this point - is to use my high % holding to make them more accountable to shareholders in my requests

what they will do - I do not know