Replies to post #24406 on Box Ships Inc (TEUFF)

[munhoi]

there is no major shareholder at Paragon who owns more shares then the combined management and board of directors

Stephen Chu owns more shares then all of the BOD and management of BOX - that's the major difference

2nd BOX has positive equity value Paragon has a huge negative equity value ie loads of unpaid debt vs assets so there is less to fight over at Paragon sorry to tell you that but check the balance sheets - Paragon has essentially no options left but BOX SHIPS has plenty of options to move forwards and enhance shareholder values

that's my synopsis of the why Paragon meeting went ahead and the fate of shareholders at Paragon vs the fate of shareholders at BOX

there is a big difference

although they are managed by the same people - the ownership , net asset values do make a difference in these matters

hope I helped you understand it more