Replies to post #25465 on Box Ships Inc (TEUFF)

[munhoi]

that is what Mr. Chu has claimed to the BOD and CEO of BOX ships that they violated SEC rules by secretly making a special deal with a so called unrelated party holder which Mr. Chu claims may actually be a indirectly related third party of the CEO to intentionally wrestle away voting shares % away from Mr. Chu

who is right - no one really knows - since the BOD and CEO have had in the past ignored corporate compliance if it puts their interests ahead of any shareholders - that is why they almost got voted down in the recent elections


they have put Allseas and their own private affiliates ahead of the interest of Box Ships for their own benefit

Mr. Chu still contends Allseas stole the sale proceeds of Box Voyager and Box Trader of $23 and kept it - management has never denied his accusations - who is right - no one knows - since the Company mgmt. has the details but wont reveal it

these are just Mr. Chu's contentions and views only - Mr. Chu cant prove it and Management is unable to deny them

so that's all I know