… Although Bill Flores, a retired Bryan energy executive, has said all creditors were fully repaid with interest, court records show otherwise. The 1992 bankruptcy allowed Marine Rig 200 Inc. to repay just $3 million of $10.5 million owed to the U.S. Maritime Administration, which held the mortgage on a drilling rig the company owned. …
This from a man who “insists that private companies shouldn’t rely on the government for subsidies or financing.”