Box Ships (TEU) says it's scrapping its 700K unit secondary offering of preferred units and...


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.

Comments (2)
  • pmaher
    , contributor
    Comment (1) | Send Message
     
    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
  • Grinaker
    , contributor
    Comment (1) | Send Message
     
    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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