Replies to post #18224 on Box Ships Inc (TEUFF)

[Toxic Avenger]

Not good news. That was on the books for $42 million and was smaller than the 2 they sold for scrap for $6.5 million.

Huge writedown and possibly a large balance on the loans securing that ship. That will mean more toxic debt IF they can get it. BK otherwise.

[zxc]

I'm somewhat surprised to hear that. With the bankruptcy of Hanjin, you would figure any ship could be revenue producing. That leaves TEUFF with only how many ships? 6? Wonder if there will be more clarification with the next financial report.

[Zaadx]

Damn they sold another ship? Smh.

Uh oh.