Blue Dolphin Energy Company (BDCO)

[downthehatch]

The lack of promotion is likely due to the extremely high inside ownership.
Jonathan Carroll owns either driectly or through his owned entities, over 80% of the shares.
He clearly knows, and appreciates, the real value of the shares he owns. Why promote, when if he ever decides to sell, it will be in a transaction to sell the whole company, at a price he knows to be fair.

No need to promote, and have the day-to-day price of the stock reflect it's real value in that circumstance.

For us other shareholders, of course, that is frustrating.
But I'm comfortable holding here, with my interest aligned directly with the CEO and 80% owner.

I think we get a sale to a larger operator at some point, at a nice premium.
We also could get a dividend re-instatement, which would unlock the value as well.