Replies to post #11240 on Box Ships Inc (TEUFF)

[Xylan]

It's the law to report any material event within 4 days of it occurring, they had to report or face the SEC.

[powerbattles]

MAYBE THEY WANT TO KEEP IT LOW KEY TO FINISH THE BUY BACK PROGRAM.

SHARE BUYBACK GOOD TIL SEPT. 2016 >>

ATHENS, Greece, Sept. 29, 2015 /PRNewswire/ -- Box Ships Inc., (NYSE: TEU), or the Company, a global shipping company specializing in the transportation of containers, today announced that its Board of Directors has approved a share repurchase program for up to 10% of the Company's common shares outstanding during the twelve-month period ending September 29, 2016.

http://www.prnewswire.com/news-releases/box-ships-inc-announces-share-repurchase-program-300150953.html

[Threeflight]

I think they just wanted to take advantage of the recent run up in shares. I personally would have waited another 2 weeks though so that the 21 day weighted average was able to move up to at least 2-3 cents.