Box Ships Inc (TEUFF)

[munhoi]

Mr. Chu is listed as having over 12 million shares during 2016 before the reverse split happened in 2017, so he was the largest shareholder and still is possibly even today - that's how the reverse split didn't go thru due in part to his voting shares to stop it.

Mr. Chu has not sold a single share that he has bought so he has taken one of the biggest hits of all common shareholders.

And yes he is still questioning whether the 2 ships bought by the CEO for just five dollars where his affiliates may not have assumed any liabilities for those 2 ships that in his opinion common shareholders may have been robbed of 2 ships from Box by the CEO affiliates if that were to turn out to be true that no liabilities were assumed by the CEO in the purchase.

If that were to be true the 2 ships really belongs to the common shareholders.

Mr. Chu has not gotten a reply from the BOx BOD over that issue from the advice of their attorney IMHO.