Blue Dolphin Energy Company (BDCO)

[RealDutch]

Loans in default doesn't mean that the creditors are pursuing bankruptcy proceedings. That is not the case here, IMO. All it means is that the company can't fulfill their duties and ususally has to pay higher interest rates on the loans.

If they didn't go BK last year, they certainly won't go BK now. Nobody is going to kill the goose that lays the golden eggs.

Apart form that, the defaults shouldn't be an issue anymore with the profits they generated in Q2. I already told you. This is a HUGE turnaround.

And there are no dilution issues either AFAIK.