Box Ships Inc (TEUFF)

[munhoi]

they created both public companies as a means to use his private companies to do many contracts and deals to siphon margins off of Box and Paragon making them unable to make any money and once he siphoned every last dollar he could he went on with the dilution to try to siphon more money and then decided to liquidate when shareholders caught on and try to stop it and he then intentional wiped shareholders clean as a means to avoid any future liabilities thru a thru a BOD which was just him and his buddy to take all the spoils , by diluting shares to nothing he then got company for nothing using a self dealing liquidation process knowing the ships net saleable values were worth alot more in the open market - he stole them, then rid Box ships of the receivables due them from Allseas of $2.8 million plus the $ 3 million or so in ship sales profits , he stole close to $5.8 million just from the liquidation IMHO