Blue Dolphin Energy Company (BDCO): In a letter to LE and LRM dated August 2...

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Blue Dolphin Energy Company (BDCO)

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Thursday, 08/18/2022 5:55:39 PM

Thursday, August 18, 2022 5:55:39 PM

In a letter to LE and LRM dated August 2, 2022, Veritex affirmed existing defaults under the LE Term Loan Due 2034 and LRM Term Loan Due 2034 for failing to make payments of principal and interest when due and demanded payment of all past due amounts owed. In addition, Veritex reserved all of its rights and noted that Veritex may, at its discretion, exercise all remedies available to it, which may include accelerating the loan, requesting appointment of a receiver, initiating foreclosure proceedings, or filing a lawsuit against obligors.

Total bluff. LMAO

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