Box Ships Inc (TEUFF)

[ivfk]

Can somebody explain how we got from 2.9 Million to almost 19 Million outstanding common shares within a month? The preferred conversion note has a 4.99% anti-dilution clause which means that at the time when it was executed the preferred holder could only convert his preferred shares to a maximum of 144,000 common shares (4.99% of 2,9 Million). Can somebody explain the difference? I don't see any additional SEC filings and it is my understanding that the shareholders voted against a reverse split?

What am I missing?