Box Ships Inc (TEUFF)

[ivfk]

My post was about the TEUCF preferred share which is being converted to the TEUFF common share. You are right, the common share trades around 0.01 while the preferred is sitting around $1 per share. Executive management however has been contacting preferred shareholders (TEUCF) offering them to convert each preferred share at a value of $3.90 to the common at a 40% discount. Details are in the SEC filing for the conversion note. Sorry for the confusion.