Replies to post #28140 on Box Ships Inc (TEUFF)

[temp luvs amy]

Technically, yes. It's a shell company with no obligation to report. They had a contract to manage few ships, but I think that's over. AFAIK, they don't fall under the legal definition of "shell" but there's nothing else there. A bunch of collective interest in a business plan which is yet to be reorganized. Debt is gone, but intangible liabilities to preferred holders.