Box Ships Inc (TEUFF)

[TEUFForBust]

OK, I’ll concede that repetitive reversed splits is a strategy practiced by swindlers, past, present, and future. But as the previous reverse split demonstrated without a viable business plan the exercise did little to either increase the share price or raise capital. I’ve never said that the board will present such a plan but that they should and if they did it would likely be a much more successfulboth for them and us.

As it stands right now the “whales“ control enough aggregate shares to block another reverse split. Leaving the only course of action for the CEO to move forward is to present a business plan and find enough outside capital to commence at least limited operations. Again I’m not saying he will but that he should. If he refuses at least we’ve created a barrier barrier to further malfeasance. I very much would like to recover my investment and even get a positive return myself. However I don’t mind doing my small bit to block further larceny.

While it’s true that some people get rich by cheating their fellow man. Truth is that the vast majority of the worlds wealth has been generated by honest and ethical business practices.