Blue Dolphin Energy Company (BDCO)

[56Chevy]

Rinse and repeat;

Pursuant to an eighth amendment to the Letter Agreement dated May 23, 2018 (the “Amendment”), the Lazarus Parties and GEL extended the Continuance Period through June 29, 2018, in order to facilitate ongoing discussions. The Amendment was fully executed by all parties on May 30, 2018. An additional $500,000.00 was paid to GEL on May 29, 2018, which amount has been applied to reduce the balance of the final award.

Source:
Current Report Filing (8-k)

*Apparently Carrolls' strategy is to extend the continuance agreement talks one month at a time for the next 4 years until the award to GEL is paid in full.

Marker:
Blue Dolphin Energy (BDCO)
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