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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: Nov 20, 2018 End of Citgo

I hope this is the end of Citgo and we get this done and out.

"Venezuela can lose Citgo.  In fact, we have pointed out that the loss of Citgo is highly probable because even if Venezuela pays Crystallex and pays the holders of the PDV20 bonds, which use Citgo as collateral, other creditors can also claim payment of their debts. using the assets of the company.  The legal strategy followed by Crystallex, which is to seize the shares of PDV Holdings, Citgo's parent company, may be followed by other creditors. ; Given that we have more than $ 63 billion of bonds in default at this time, any of these creditors can perfectly ask a US court to seize the assets of Pdvsa and, specifically, of the shares of PDV Holding to answer for those debts;  that is, even if Venezuela pays Crystallex, other creditors will come."

Do you think if Vz pays off Crystallex in full Vz can hang on to Citgo?

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