Replies to post #28253 on Box Ships Inc (TEUFF)

[temp luvs amy]

I don't know where you find anything owed to common over preferred. Cites? The money is owed to "The Company" and the company owes to the preferred.

If I were to speculate, an exchange offer will be made which accounts for all contingencies. The 15D-12b filing allows them to continue seeking resolutions without filing the customary reports, IIRC. Saves them a fortune in accounting and auditing expenses.