Which makes me think they are really active&solid and there to stay..
Also these forecasts looks right: “The entire container shipping sector has suffered and, along with the dry bulk and LNG sectors, we are at cyclical lows. I have seen these times before. I have been in marine shipping, as a shipping company founder, executive and technical superintendent supervising vessels for other shipping companies, for more than 35 years. These highs and lows are a part of life and we understand the classically cyclical nature of the business. Times like these are not only financially difficult, they are humbling as well. At Box Ships, we are doing the prudent thing.
“We are managing through the downturn, preserving cash liquidity by reducing operating and administrative costs significantly and working closely with our lenders. In recent weeks we renegotiated our loans and deferred loan instalment payments until Q1 2017, positioning ourselves to be able to move forward when times change — which they will. It’s difficult to predict exactly when conditions will improve. The analysts who follow shipping are quite often wrong. Experience tells us that change often comes when you least expect it. And when it comes, things can change quickly.”
And found this from this conference call: And the second question is now that the Company has been delisted, there is no real reason to consider a reverse split is there, at this point in time? -------------------------------------------------------------------------------- Michael Bodouroglou, Box Ships Inc. - Chairman and CEO [9] -------------------------------------------------------------------------------- Well, we believe that -- our intention is to do an AGM early in the year. We believe that is in the best interest of the shareholders long-term that the Company tries to relist in NASDAQ. We believe that when things stabilize in the markets, companies that are listed in liquid exchanges are better valued and they also have better options going forward. Replies: It doesn't seem the two ships are in Ominous on 12/12/2016 4:01:02 PM 2 ships left and a bunch of debt Toxic Avenger on 12/12/2016 11:24:43 PM
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