Current Report Filing (8-k) Date : 12/29/2017 @ 3:22PM Source : Edgar (US Regulatory) Stock : Blue Dolphin Energy Co. (QX) (BDCO) Quote : $1.00 0.11 (12.36%) @ 2:01PM
[....]
On December 27, 2017, the Lazarus Parties and GEL entered into a third amendment to the Letter Agreement (the “Third Amendment”), which extended the Continuance Period through February 1, 2018, in order to facilitate ongoing discussions.
*the bad news is we don't have a settlement agreement yet...the good news is they're still talking. It would have been wrong on a ton of levels but this situation with GEL could have gone into a bankruptcy situation very easily. Im encouraged theyre still negotiating.