Replies to post #27630 on Box Ships Inc (TEUFF)

[munhoi]

exactly,

their legal counsel, their executive management indicated that they are meeting their fiduciary responsibilities to shareholders

but they made it specifically during end of 2016 thru now that if your a preferred shareholder they want to talk to you personally but if your a common shareholder they will not call you or talk to you and in this case when Mr. Chu was at that time the largest shareholder, he had to with less then a weeks notice drop everything he was doing get the most expensive short term flight go to NYC spend thousands in travel costs to meet with him when he just happens to be in NYC most likely trying to get financing for his private entities to expand instead of spending time finding a way to get regular bank financing for Box Ships.

ie he did not want to Skype conference call, call etc. was not willing to do even the Annual Shareholders meeting conference call as requested

you got the picture - their legal counsel told their mgmt. team to only respond to the one single item on Mr. Chu anti fiduciary acts and unlock the value of Box Ships memo that they could defend
ie Mr. Chu didn't drop everything and spend thousands to fly to NYC at less then weeks notice to hear the CEO give excuses vs making genuine actions to enhance shareholder value


Mr. Chu is smart enough not to waste his time and money unless he believed the meeting invite was to genuinely work with the common shareholders to grow the PPS of the company and stop the transfer of wealth to the CEO's private entities to grow his own businesses

your sarcasm is well based on 100% correct

no common shareholder has successfully since that memo got a meeting set up yet to do a face to face meeting with them even in Athens/Voula Greece although Smilley is still I believe making attempts to do so while she in Greece with business and personal business

I hope she succeeds as we got a batch of issues for her to get information for the shareholder group forming

I counted the % - its a powerful 38% not 50% yet so we need more of you out there once the time is needed to hit the 51% mark and make a real difference when it will matter

If you call them up and say your a Preferred Shareholder - they will actually call you back and talk to you

this is a clear violation of their executive managements responses , their Company Legal Counsel responses that they themselves say are looking out for the fiduciary responsibility of shareholders when they are internally saying Preferred Shareholders of which the CEO Niege International company owns most of the Preferred Shares

are you all angry out there - if you are not I am sure you are outraged at their actions

they cannot I repeat cannot defend their anti-fiduciary acts already committed IMHO its baseless those allegations that they are meeting their fiduciary responsibility to the common shareholders

the mgmt. and their legal counsel are IMHO making baseless routine pre-constructed standard language to throw out to the common shareholders and internally violating them every single day

Ok I am off the Soap Box for the day

time to relax and enjoy the weekend

[munhoi]

not to pound on a dead horse and I am not saying this is what they did in essence and this is just my humble opinion and dark view of what management and BOD did:


here is an analogy:

if someone is desperate and has no ethics they do things that become criminal to save themselves:

if the Private Entities of the CEO got into trouble and were running out of cash - what do they do - they stop paying the bills - here the CEO's entities stop paying the paying the bills that his private affiliates including Allseas owed to Box Ships keeping the cash to pay their own bills - now in the real world if you or I did that - its called embezzlement and we be in jail as a criminal.

if they take your ships for nothing and sell it for a big profit and keep the money without telling you and getting agreement with the owners ie the shareholders - its also called embezzlement and we all be in jail

but if you put full disclosures in their financials saying they will do this - and you the CEO are on both sides of the same transaction to OK them with the BOD to legitimize those transactions where you are negotiating with yourself to your own benefit - then its ok - however - they are still considered anti-fiduciary acts against the owners of the company against the common shareholders and thus not legal under SEC laws as anti-fiduciary acts against the shareholders

using this analogy one could say the CEO and BOD embezzled money from the Box Ships shareholders and kept the money to save their troubled private entities

now this is just an analogy , just my view and just my humble opinion and I am not saying the CEO and BOD and Management embezzled money from the common shareholders of BOX for their own benefit

I will let you decide what this appears to be without saying it - of course they incorporated in Marshall Island where these sort of what in the real world would be called embezzling the common shareholders money is NOT OK

please everyone tell me I am not Crazy and I just made this up !!!!

OK off the soap box for last time this weekend but my head has been spinning over this for the last 12 months because I seem to see things clearly hidden from the SEC, the legal system and inbreed BOD of BOX ships that perpetuates this kind of anti-fiduciary acts

just my humble opinion and views only - and my conspiracy theory that Sherlock Holmes and Scotland Yard would have concluded as well in this case

you are seeing the darkest side of Capitalism here -when the CEO's and Boards that have no ethics steal from their shareholders under the veil of recapitalization to save their own private businesses and try to get money back they lost themselves at the expense of their own shareholders - just my IMHO

when youre the CEO of both the public and private entities - it appears you can easily get away with it again just my humble opinion if you can see clearly that coincidences don't occur and circumstantial evidences here are very compelling

IMHO we need to get this money back to Box Ships and the common shareholders