Replies to post #28889 on Box Ships Inc (TEUFF)

[temp luvs amy]

Which brings us to my position. One might be willing to sacrifice his "standing" as a common holder to restore the company for the preferred holders, especially if one holds some of the preferred shares (knowing the approximate conversions and knowing that there aren't many other likely ways to receive any benefit from them)

I would prefer that B retained his position and was able to get loans for hundreds of millions to create a substantial new fleet, thereby restoring the value of the preferred shares. I consider that less likely every day that passes without him restoring ownership of the "old" ships to the common. I applaud the effort to "ask him gently" to do so, which is being pushed by certain shareholders.