Box Ships Inc (TEUFF)

[Hummingbird2]

You have to ask the crooks on that.

The receivables($2.7 mil) are owed to TEUFF(Commons) first of all.
The perferred would only be paid dividends if TEUFF was generating revenues & profitable. That's why past dividends were delayed.

They made illegal conversions from perferred to commons and got away with the first one of about 28 mil shares. But 2nd note filed in dec '17 was stopped in its track.

Every shareholder expected they would have to rebuild eventually. They also indicated that they would when financing improves as stated in the last filings.
Now, they go dark on both commons and preferred. You should ask them why.