Box Ships Inc (TEUFF)

[munhoi]

Mr. Chu doesn't believe for instance the Allseas needs to exist nor any of the CEO's private entities as they were all created to become contract payments of BOX to Allseas ie BOX could have had Allseas as part of BOX

the reason is Mr. Chu concluded that all these private entities exist solely and was created solely by the CEO to siphone profits, assets, and fees from the Public " common Stockholder " company called BOX to move the profits, assets and fees to ALLseas and his other entities - therefore his private entities always makes profits and succeeds and only his "public entities" like BOX are losers.

in his opinion Mr. Chu has told the BOD and the CEO he believes the public companies such as BOX and Paragon has been nothing more then wealth transfer vehicles for the CEO blinding the banks, the shareholders etc.

as such Mr. Chu believes Allseas assets really belong to Box Ships and they should be merged and BOX should be the rightful owner of those assets

unfortunately - they are incorporated in Marshall Islands and even Mr. Chu cant get tow trucks and ship haulers to move those assets over

if he could - he would