Replies to post #383 on Blue Dolphin Energy Company (BDCO)

[56Chevy]

Bankruptcy would actually hurt all parties including all creditors.

Option 2 requires making a "deal, deal" since BDCO cannot pay.

Copy that. You always provide an insightful 360 degree perspective. Thank You.

Its obvious now the deal BDCO & GEL originally worked out was a disaster from day 1. This goes back years. Shame on Carroll for not getting better financial counsel before signing such a deal. I have an opinion, based on his past inter-dealings on other situations, he [Carroll] doesn't think he needs any input/direction from anyone. Ego's have a long history of taking down the proud.

Hopefully today's loss was sobering enough both parties work something out...otherwise Sovereign Bank just entered the refining business!

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