Replies to post #11454 on Box Ships Inc (TEUFF)

[Wishful Thinking]

Ok so how did the note AND "EXCHANGE AGREEMENT" (which converted 64million) from April to JULY 3, BOTH convert if the OS only went from 31 million to 94 million?


Waiting for anyone to explain how they BOTH converted??

Simple answer the note has to wait until the maturity date. The exchange agreement was the only one to convert. READ THE FACTS FROM THE FILING:))

[MasterBlastr]

Another $14.5 million is unrestricted upon renegotiation of loan terms, which will be used to pay off the $250,000 note in cash.

[phx_invest]

if one were here more than one day they would know that the bank actually can't offer new loans to the company but that is what happens when folks stop by and give there perspective on things they know nothing about. Funny to see nods to others that know equally less about the company/fundamentals but perhaps qualify as an accident lawyer.

All my opinion

TEUFF