Box Ships Inc (TEUFF)

[temp luvs amy]

Yeah, filing is a burden, and an expense. He can't get rid of the shell, because transfer of control would make the preferred instantly payable. He owns the preferred, and hopes somebody will take control and pay him off. It's a golden parachute if anybody wants to provide the gold. It's a poison pill for any shell buyer. Putting the company back into compliance would also be a burden.


OTOH, if he wants to sell all of his preferred to me for a penny, I might bite.