Blue Dolphin Energy Company (BDCO): Carroll has to eat his own cooking. U...

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Blue Dolphin Energy Company (BDCO)

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Enterprising Investor

Re: mrholty post# 355

Friday, 08/19/2016 10:49:59 AM

Friday, August 19, 2016 10:49:59 AM

Carroll has to eat his own cooking.

Unlike most executives of a public company, he owns a super-majority of the equity. In addition, his ass is really on the line when it comes to about $34 million in term loans provided by Sovereign Bank. He was required to guarantee repayment. The 2 percent fee he is receiving from BDCO will do little to cover a default.

I call that motivation.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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