Box Ships Inc (TEUFF)

[munhoi]

the CEO took the last 2 ships assumed the liabilities on them paid only them for $1 each, quickly sold the ships within 3 months made out with several mililon in profits kept it, stole the rest of the companies assets by doing so called consulting services for the company to take the receivables owed to pay for them to siphon it out and then delisted the company shares taking away the voting rights of the 2 major shareholders - on purpose thru having them on the pink sheets as unregistered securities which is evil to the core - if they re-register them upon opening up for business and back on the OTC or NASDQ then Tadlock and CHu will get their voting rights back IMHO once reporting requirements then are required again

now we will see if they get the company back in business as they never filed BK because there were no debts left to file BK , there were sti postiive net assets left on liquidation which the CEO siponed out to his own company - IMHO he may resurrect the company to avoid lawsuits now especially now he is buying back ships will these ill gotten gains


but that is a far fetched hopeful vision I have - it makes sense since bulk shipping rates are sky high now and there are plenty of money floating around from world central bank easing to get

but he bought 2 ships - he NEEDS to ressurrect Box SHips now IMHO