Box Ships Inc (TEUFF)

[tinojax]

Here's where I see mr. boogaloo being a crook:

He got toxic financing in order to do a RS for the sole purpose of diluting the shares (and now trying to dilute again) so he could take over.

one key issue is He could have used the owed revenue to Box from his other entity instead of getting toxic financing. The toxic financing was soley for the purpose of common share dilution.

It is a very good thing for the common shareholder that box is free of dept otherwise mr. boogaloo would file for BK and be able to convert his preferred shares to common shares thus severely diluting the common shares.

That's how I see it anyway.

I would not be surprised if gallows are being constructed for mr. boogaloo as I write.