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Box Ships (TEU) says it's scrapping its 700K unit TEU) says it's scrapping its 700K unit...

  • Friday, July 6, 2012, 5:08 PM ET
    Box Ships (TEU) says it's scrapping its 700K unit secondary offering of preferred units and warrants due to poor market conditions. The company says it may revisit the issue at a later date if the market improves. Shares -4.4% AH.
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This news story has 2 comments:

  • This "news report" is difficult to understand: what does it mean "Shares -4.4%?" Box Ships (TEU) was UP +3.4% at the close today.
    6 Jul 2012, 11:26 PM Reply Like
  • I'm assuming that it means TEU was down 4.4% in After Hours trading when the story was posted.

    That's not very significant for a thinly-traded stock, perhaps even based on the bid price rather than an actual transaction.
    7 Jul 2012, 04:45 PM Reply Like
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