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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: OFAC Publishes Guidance With Respect to Its Authorization of the Process to Be Used to Sell the Shares of CITGO’s Holding Company for the Potential Be

" is expected that the resolution of such appeal will take between six to eighteen months, with no assurances as to timing or outcome. PDVSA filed a motion to stay the Company’s action (and actions of the Other Creditors) during the pendency of this appeal, but the Delaware Court denied that motion. PDVSA has now requested the same relief from the appellate court via an “emergency motion”.

The first bold is bothersome because it portends the possibility of another year plus for a resolution. Already in 2nd bold there is a new appeal  already in the works.

Stark has to end these nuisance appeals but he probably has no control over them. If so, this goes on and on.  Hoping for the best outcome soon.

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