Box Ships Inc (TEUFF)

[munhoi]

also even Paragon owed money to Box Ships before they ceased operations, if he were to resurrect Paragon instead the CEO would be stuck with millions of unpaid liabilities forcing him to file BK on Paragon to be able to restart fresh or negotiate them all done

while in the case of Box Ships he has an absolutely clean shell and only the preferred to deal with and no creditors , bondholders , no banks, so secured lenders - Box Ships is the only clean shell with massive tax loss carryforwards Ive ever seen

this CEO is just not ethical to have stolen two ships put them in Allseas and chartered them for money and when pressured by shareholders on the audit trail why he didn't leave it on Box Ships to charter it there , he secretly sold them for several million profit which was the reason he took them assumed the liabilities gave them a fake under priced value to look like the liabilities equaled the ship value paid $1 each for them and sold them for several million in profits that belonged to yes us the Box Ships shareholders

he used his buddy internal voted in Board members to vote it thru that is why the outside director resigned because they did not want to be sued for fraudulent activities protected thru none other then the Marshall island laws where a lot of these ATM funding machines incorporate to steal US shareholders out of their money thru dilution