$TEUFF Extremly undervalued
1) DECEMBER 2015:
TEUFF was Trading $1.00 plus in December 2015, Just 8 months ago.
2) NOTE:
As of December 31, 2015, we had issued and outstanding 31,488,715 and 31,280,555 common shares, respectively----
On March 3, 2016, we entered into a securities exchange agreement (the “Exchange Agreement”) with an unrelated third party (the “Buyer”).
--This "Exchange Agreement" was open 120 days from the starting date. MEANING ~~~~>>> This "Agreement" came to an end JULY 3.
The MAGNA deal:
$250k note convertible that put massive additional downward pressure on the stock and without new buyer to absorb the shares has caused panic selling set the stock in history lowest ridiculous level.
WHAT'S LEFT OF THE NOTE????---- TAKE A LOOK ~~>>
6-K OUT 8-1-16:
As of July 29, 2016, the Company had 93,118,817 common shares outstanding, which is expected to increase following the conversion of approximately $30,000 remaining under the securities purchase agreement the Company entered into in April 2016.
SO: Since the start/END of the "Exchange Agreement" & absorbing $220k of the Note, the OS has increased 60 mill.
BEST PART: Since this filing Monday, well over $400 THOUSAND dollars has been traded.Leading one to believe the note is DONE.
3) WHERE WE ARE GOING:
SHARE BUYBACK GOOD TIL SEPT. 2016 >> Box Ships Inc. Announces Share Repurchase Program ,Chairman and CEO to Purchase Shares in the Open Market. ATHENS, Greece, September 29, 2015 – Box Ships Inc., (NYSE: TEU), or the Company, a global shipping company specializing in the transportation of containers, today announced that its Board of Directors has approved a share repurchase program for up to 10% of the Company’s common shares outstanding during the twelve-month period ending September 29, 2016.
- CEO & Directors BUYING 10% + Additional 5% of O/S until Sept. 2016
--->> (UP to 9.3m shares on the open market)
Panama
ON JUNE 26 the Panama opened $5.3B Canal Expansion allowing ships to reach Asia from the U.S. Gulf Coast more than two weeks faster than they would going east through the Suez Canal.
ACTIVE VESSELS IN TRANSIT
2016: All Vessels are in the water and contracts renewed at at least their previous rate and likely higher.
Awesome NEWS>>16/06/2016: Box Ships Inc. Announces Recent Developments on Its Debt Agrrements
BACKING FROM 2 SWISS BANKS:
$31.65 Million – Secured Term Loan Facility-- payments differed May 2017
$100 Million – Syndicated Secured Term Loan Facility (the “Facility”)-- payments differed June 2017
www.box-ships.com
****AUDITED FINANCIALS SHOW****
ASSETS $356,000,000 (INCLUDES 9 VESSELS + $14.5M CASH)
(-)
Liabilties $128m
= $228m Shareholders Equity.
Total REVENUE: $44,045,000 (yes that MILLION)
FILING OUT MONDAY GAVE $2.45 BOOK VALUE
EARNINGS REPORT DUE ANYTIME- WILL SEND THIS PARABOLIC IN SECONDS
Shipping Sector as an entirety is currently turning around after going through a TEUFF couple years. Look for a continuation of the UP TREND moving forward!!
ACCUMULATION/DIST going through the ROOF!!
200MA .12
RESTING WELL ABOVE THE 50MA
RSI Only 73 after 175% gain === OVERSOLD
