Replies to post #23500 on Box Ships Inc (TEUFF)

[munhoi]

they only answer constructive well thought out questions

if you start complaining and rehashing how bad the Magna Equity deal was, how you believe mgmt. sold us out thru that deal thru dilution, how they could have done a hundred things better - they don't want you to waste their time business the shipping business was in a downturn and there was nothing they could have done etc.

ie they want to concentrate on fixing the business not hearing complaints about how they got where they are

yes they said they are trying to file the financials by end of February

shouldn't be difficult now that they settled on all the secured debts notes etc.

with the complex business part wound down - a good accounting shop could get year end financials done in 45 days from end of the year - especially if they do not have to be audited first by outside accounting firm etc. which typically comes in 60 days before end of year to do prelim audits and final audits the work 60 days after end of the year if the information is less complex


this is not a billion dollar company so financials are a lot easier to complete

[Blizzld]

Very good post. The problem is if they keep trying to get the preferred shares out that means more dilution. Do we even know how many shares are outstanding now?

What level of outstanding shares are you using to come up with your 5 to 30 cents potential value on?

[Blizzld]

Also I believe it was last summer they promised financials would be out by Sept? then Oct? No financials as of yet. At what point does this get a warning on the ticker and delisted?