TCR_Public/140301.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Saturday, March 1, 2014, Vol. 18, No. 59

                            Headlines

COLOR STAR: Ends December With $1.98 Million Cash
COLOR STAR: January Cash Balance Increases to $3.34 Million
FALCON GAS: Incurs $493,161 Net Loss in January
FIRST REGIONAL: Reports $195,300 Net Income in January
FISKER AUTOMOTIVE: Net Loss Increases to $6.05-Mil. in January

FOX & HOUND: Amends December Monthly Operating Report
FOX & HOUND: Incurs $1.47 Million Net Loss in January
GLOBAL AVIATION: Reports $1.37 Million Net Revenue in December
GOLDKING HOLDINGS: Net Loss Rises to $1.34 Million in January
GREEN FIELD ENERGY: Net Loss Increases to $10.78-Mil. in December

LIFE CARE: Net Loss Increases to $484,535 in December
LIGHTSQUARED INC: January Net Loss Increased to $61.7 Million
METRO AFFILIATES: Net Loss Increases to $25.64-Mil. in December
NORTHSTAR AEROSPACE: Incurs $8,000 Net Loss in January
ORCHARD SUPPLY: Ends November With $17.7 Million Cash

ORMET CORPORATION: Incurs $5.62 Million Net Loss in January
RG STEEL: Incurs $4.55 Million Net Loss in January
SAVIENT PHARMACEUTICALS: Ends January with $324,071 Net Income
SCOOTER STORE: Net Loss Down Further to $402,335 in January
STELERA WIRELESS: Ends July with $70,085 Net Loss

STELERA WIRELESS: Ends August with $2,283 Cash Balance
STELERA WIRELESS: Reports $3,162 Cash Profit in September
STELERA WIRELESS: Ends October with $5,588 Cash Balance
STELERA WIRELESS: Reports $4,939 Ending Cash in November
STELERA WIRELESS: Cash Balance Increases to $5,039 in December

STELERA WIRELESS: Posts $19.36-Mil. Total Assets in January


                             *********


COLOR STAR: Ends December With $1.98 Million Cash
-------------------------------------------------
Color Star Growers of Colorado, Inc., on Feb. 20, 2014, filed its
monthly operating report for December 2013.

No statement of operations was attached in the Debtor's monthly
operating report.

At Dec. 31, 2013, the Debtor had $40.69 million in total assets,
$62.21 million in total liabilities, and -(21.51 million) in
equity.

At the beginning of the month, the Debtor had $410,278.  It
reported total receipts of $2.86 million and total disbursements
of $1.28 million for the reporting period.  Among the Debtor's
disbursments were $300,000 in professional fees.  Thus, at month
end, the Debtor had $1.98 million cash.

A copy of the monthly operating report is available at:

            http://bankrupt.com/misc/COLORSTARdecmor.pdf

                          About Color Star

Color Star Growers of Colorado, Inc., and two affiliates sought
Chapter 11 protection (Bankr. E.D. Tex. Case Nos. 13-42959 to
13-42961) on Dec. 15, 2013, in Sherman, Texas.  The petitions were
signed by Brad Walker, chief restructuring officer.  The Debtors
estimated assets of at least $10 million and liabilities of at
least $50 million.  Marcus A. Helt, Esq., and Evan R. Baker, Esq.,
at Gardere Wynne Sewell LLP, serve as the Debtors' counsel.  SSG
Advisors, LLC provides investment banking services, and UpShot
Services LLC serves as claims, noticing and balloting agent.

The Official Committee of Unsecured Creditors appointed in the
Debtors' cases retained Gavin/Solmonese, LLC as financial
advisors; and Raymond J. Urbanik, Esq., Deborah M. Perry, Esq.,
Thomas Berghman, Esq., and Isaac J. Brown, Esq., at Munsch Hardt
Kopf & Harr, PC as attorneys.


COLOR STAR: January Cash Balance Increases to $3.34 Million
-----------------------------------------------------------
Color Star Growers of Colorado, Inc., on Feb. 20, 2014, filed its
monthly operating report for the month of January 2014.

No statement of operations was attached in the Debtor's monthly
operating report.

At Jan. 31, 2014, the Debtor had $4.69 million in total assets,
$47.81 million in total liabilities, and -(43.12 million) in net
equity.

The Debtors started the month with $1.98 million cash.  It had
$3.02 million in total cash receipts and $1.66 million in total
cash disbursements.  It spent $300,000 in professional fees.
Thus, at the end of January, the Debtor had $3.34 million cash.

A copy of the monthly operating report is available at:

            http://bankrupt.com/misc/COLORSTARjanmor.pdf

                          About Color Star

Color Star Growers of Colorado, Inc., and two affiliates sought
Chapter 11 protection (Bankr. E.D. Tex. Case Nos. 13-42959 to
13-42961) on Dec. 15, 2013, in Sherman, Texas.  The petitions were
signed by Brad Walker, chief restructuring officer.  The Debtors
estimated assets of at least $10 million and liabilities of at
least $50 million.  Marcus A. Helt, Esq., and Evan R. Baker, Esq.,
at Gardere Wynne Sewell LLP, serve as the Debtors' counsel.  SSG
Advisors, LLC provides investment banking services, and UpShot
Services LLC serves as claims, noticing and balloting agent.

The Official Committee of Unsecured Creditors appointed in the
Debtors' cases retained Gavin/Solmonese, LLC as financial
advisors; and Raymond J. Urbanik, Esq., Deborah M. Perry, Esq.,
Thomas Berghman, Esq., and Isaac J. Brown, Esq., at Munsch Hardt
Kopf & Harr, PC as attorneys.


FALCON GAS: Incurs $493,161 Net Loss in January
-----------------------------------------------
Falcon Gas Storage Company, Inc., filed on Feb. 18, 2014, its
monthly operating report for January 2014.

The Debtor's income statement showed a net loss of $493,161 on
total income of $239.

As of Jan. 31, the Debtors posted total assets of $73.42 million,
total liabilities of $8.04 million, and a total shareholders'
equity of $65.38 million.

At the beginning of the month, the Debtor had a cash balance of
$1.48 million.  It reported total cash receipts of $239 and total
cash disbursements of $24,703.  Thus, at the end of the month, the
Debtor had $1.46 million cash.

A copy of the monthly operating report is available at:

       http://bankrupt.com/misc/Arcapita_1778_januarymor.pdf

                         About Falcon Gas

Atlanta-based Falcon Gas Storage Company, Inc., an operator of
natural-gas storage facilities, filed a Chapter 11 petition
(Bankr. S.D.N.Y. Case No. 12-11790) on April 30, 2012, estimating
assets and debts of up to $100 million.  Falcon Gas is an
affiliate of Arcapita Bank BSC.

The list of Falcon's larger creditors includes Commerzbank AG and
National Bank of Bahrain BSC, two members of the Arcapita
unsecured creditors' committee. The two were listed as having
claims of $164.7 million and $132.3 million, respectively.

Falcon Gas is represented by Gibson, Dunn & Crutcher LLP as
bankruptcy counsel, Linklaters LLP as corporate counsel, Trowers &
Hamlins LLP as international counsel, and Hatim S Zu'Bi & Partners
as Bahraini counsel.  Rothschild Inc. serves as financial advisor,
while GCG, Inc., serves as notice and claims agent.

Tide Natural Gas Storage I, LP, and Tide Natural Gas Storage II,
LP, have asked the Bankruptcy Court to convert Falcon Gas'
bankruptcy from Chapter 11 to Chapter 7 and for the Court to
appoint a trustee because Arcapita's reorganizations plan will
give the Bahraini bank and its creditors too much power to strip
off the bankrupt company's assets.


FIRST REGIONAL: Reports $195,300 Net Income in January
------------------------------------------------------
First Regional Bancorp filed with the U.S. Securities and Exchange
Commission its monthly operating report for January 2014.

The Debtor reported a net income of $195,300 for the month, as
compared to the $53,531 net loss incurred in December.

At Jan. 31, 2014, the Debtor had $835,448 in total assets, $97.72
million in total liabilities, and a -($96.88 million) total
shareholders' deficit.

At the beginning of January, the Debtor had $223,147 in cash.  It
reported $250,000 in total receipts and $262,700 in total
disbursements.  Thus, at Jan. 31, the Debtor posted $210,447 in
cash.

A copy of the monthly operating report is available at the SEC at:

                         http://is.gd/Wbqxni

                     About First Regional Bancorp

First Regional Bancorp (NASDAQ-GSM: FRGB) is the bank holding
company for First Regional Bank, Los Angeles, California.

First Regional Bank was closed at the end of January 2010 by the
California Department of Financial Institutions, which appointed
the Federal Deposit Insurance Corporation as receiver.

First Regional Bancorp filed for Chapter 11 protection
(Bankr. C.D. Calif. Case No. 12-31372) on June 19, 2012.

Jon L Dalberg, Esq., at Landau Gottfried & Berger LLP, represents
the Debtor in its Chapter 11 case.

The Debtor estimated assets of $1 million to $10 million and debts
of $100 million to $500 million in its Chapter 11 petition.


FISKER AUTOMOTIVE: Net Loss Increases to $6.05-Mil. in January
--------------------------------------------------------------
Fisker Automotive, Inc., et al., on Feb. 20, 2014, filed their
monthly operating report for the month of January 2014.

The Debtors incurred a net loss of $6.05 million on zero net sales
for January, a ten-fold increase from the previous month's
$647,225 net loss.

At Jan. 31, the Debtors had total assets of $211.82 million, total
liabilities of $507.90 million, and a -($296.08 million) total
shareholders' deficit.

The Debtors had $1.91 million at the start of the month.  They
reported $5.08 million in total receipts and $6.33 million in
total cash disbursements.  Thus, at month end, the Debtors had
$656,115 cash.

A copy of the monthly operating report is available at:

        http://bankrupt.com/misc/Fisker_654_januarymor.pdf

                     About Fisker Automotive

Fisker Automotive Holdings, Inc., developer of the Karma plug-in
hybrid electric sedan, filed a petition for Chapter 11 protection
(Bankr. D. Del. Case No. 13-13087) on Nov. 22, 2013.

Fisker estimated assets of more than $100 million and listed debt
of $500 million in its bankruptcy petition.  The assets include an
assembly plant purchased for $21 million from General Motors Corp.
The plant never operated.  The cars were assembled in Finland.
Fisker now has 21 employees.

Fisker received a $529 million loan from the Department of
Energy's Advanced Technology Vehicles Manufacturing Loan Program
and drew down about $192 million before the department froze the
loan after Fisker failed to hit several development targets.  The
company defaulted on its loan in April 2013.

Bankruptcy Judge Kevin Gross presides over the case.  The Debtors
have tapped James H.M. Sprayregen, P.C., Esq., Anup Sathy, P.C.,
Esq., and Ryan Preston Dahl, Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois, as co-counsel; Laura Davis Jones, Esq., James
E. O'Neill, Esq., and Peter J. Keane, Esq., at Pachulski Stang
Ziehl & Jones LLP, in Wilmington, Delaware, as co-counsel;
Beilinson Advisory Group as restructuring advisors; and Rust
Consulting/Omni Bankruptcy, as notice and claims agent and
administrative advisor.

On November 5, 2013, the Official Committee of Unsecured Creditors
was appointed. The members are: (a) David M. Cohen; (b) Sven
Etzelsberger; (c) Kuster Automotive Door Systems GmbH; (d) Magna
E-Car USA, LLC; (e) Supercars & More SRL; and (f) TK Holdings Inc.
The Committee is represented by William R. Baldiga, Esq., and
Sunni P. Beville, Esq., at Brown Rudnick LLP; and Mark Minuti,
Esq., at Saul Ewing LLP.

Fisker sought bankruptcy protection to pursue a private sale of
its business to Hybrid Tech Holdings, LLC.  The Committee,
however, wants a sale public sale, and has identified Wanxiang
America Corporation as stalking horse bidder.

Hybrid was initially under contract to buy Fisker in exchange for
$75 million of the $168.5 million government loan it acquired
immediately before the Debtor's Chapter 11 filing.  Hybrid later
raised its offer by adding an additional $1 million cash and
agreeing to share proceeds from the sale of a facility in Delaware
it doesn't intend to operate.  Hybrid also offered to pay real
estate taxes on the Delaware plant.  Hybrid also will waive $90
million in deficiency claims that otherwise would dilute unsecured
creditors' recovery.

Wanxiang, as stalking horse bidder, initially offered $25.8
million in cash.  However, Wanxiang has said it has raised its
offer by $10 million and is willing to go higher.

After the hearings on Jan. 10 and 13, the Court directed a public
auction, and capped Hybrid's credit bid to $25 million.

In response, Hybrid raised its offer to $55 million.

Hybrid is represented by Tobias Keller, Esq., and Peter
Benvenutti, Esq., at Keller & Benvenutti LLP, in San Francisco,
California.

Wanxiang, which bought A123 Systems, Inc., a manufacturer of
lithium-ion batteries used in electric vehicles such as the Fisker
Karma, in a bankruptcy auction early in 2013 for $256.6 million,
is represented in Fisker's case by Sidley Austin LLP's Bojan
Guzina, Esq., and Andrew F. O'Neill, Esq.; and Young Conaway
Stargatt & Taylor, LLP's Edmon L. Morton, Esq., Robert S. Brady,
Esq., and Kenneth J. Enos, Esq.


FOX & HOUND: Amends December Monthly Operating Report
-----------------------------------------------------
F&H Acquisition Corp., et al., on Feb. 20, 2014, filed an amended
monthly operating report for the period from Dec. 15 to 31, 2013.

The Debtors' consolidated statement of operations now shows a net
income of $1.34 million on $13.06 million net sales, as compared
to the $982,000 net income previously reported for the same
period.

At Dec. 31, the Debtors had $175.90 million in total assets,
$172.75 in total liabilities, and a $3.14 total shareholders'
equity.

The Debtors reported a beginning cash balance of $4.60 million.
They listed $16.21 million in total cash receipts and $12.80 in
total cash disbursements.  At the end of the period, F&H had $8.33
million cash.

A copy of the monthly operating report is available at:

     http://bankrupt.com/misc/F&HACQUISITIONamendeddecmor.pdf

                        About Fox and Hound

Wichita, Kansas-based F & H Acquisition Corp., et al., owners of
the Fox & Hound, Champps, and Bailey's Sports Grille casual dining
restaurants, filed a Chapter 11 petition (Bankr. D. Del. Lead
Case No. 13-13220) on Dec. 16, 2013, to quickly sell their assets.

As of the bankruptcy filing, the Debtors have 101 restaurants
located in 27 states and 6,000 employees.  Sales decreased by
approximately 9 percent over the past two years.  The Debtors also
experienced significant inflation in commodity prices, energy
prices and labor costs.

F&H estimated assets in excess of $100 million.  According to a
court filing, outstanding debt obligations total $119 million,
including $68.4 million owing on a first-lien loan with General
Electric Capital Corp. as agent.  The $11.2 million second-lien
obligation has Cerberus Business Finance LLC as agent.  Unsecured
trade suppliers and landlords are owed $11.2 million.

The senior lenders are to provide $9.6 million in financing for
the bankruptcy, with $3.5 million on an interim basis.

The parent holding company, F&H Acquisition Corp., is based in
Wichita, Kansas.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
local counsel, Olshan Frome Wolosky LLP as general counsel,
Imperial Capital LLC as financial advisor, and Epiq Bankruptcy
Solutions as claims and noticing agent.

The U.S. Trustee has appointed seven members to an official
committee of unsecured creditors.


FOX & HOUND: Incurs $1.47 Million Net Loss in January
-----------------------------------------------------
F&H Acquisition Corp., et al., on Feb. 20, 2014, filed a monthly
operating report for the period from Jan. 1 to 28, 2014.

The Debtors incurred a net loss of $1.47 million on $17.10 million
net sales for the month.

At Jan. 28, 2014, the Debtors listed $175.68 million in total
assets, $172.67 million in total liabilities, and $3.01 million in
total shareholders' equity.

At Jan. 1, the Debtors reported a beginning cash balance of $8.33
million.  They had total cash receipts of $17.13 million and total
cash disbursements of $20.17 million.  Thus, at the end of the
period, the Debtors had $5.28 million cash.

A copy of the monthly operating report is available at:

        http://bankrupt.com/misc/F&HACQUISITIONjanmor.pdf

                        About Fox and Hound

Wichita, Kansas-based F & H Acquisition Corp., et al., owners of
the Fox & Hound, Champps, and Bailey's Sports Grille casual dining
restaurants, filed a Chapter 11 petition (Bankr. D. Del. Lead
Case No. 13-13220) on Dec. 16, 2013, to quickly sell their assets.

As of the bankruptcy filing, the Debtors have 101 restaurants
located in 27 states and 6,000 employees.  Sales decreased by
approximately 9 percent over the past two years.  The Debtors also
experienced significant inflation in commodity prices, energy
prices and labor costs.

F&H estimated assets in excess of $100 million.  According to a
court filing, outstanding debt obligations total $119 million,
including $68.4 million owing on a first-lien loan with General
Electric Capital Corp. as agent.  The $11.2 million second-lien
obligation has Cerberus Business Finance LLC as agent.  Unsecured
trade suppliers and landlords are owed $11.2 million.

The senior lenders are to provide $9.6 million in financing for
the bankruptcy, with $3.5 million on an interim basis.

The parent holding company, F&H Acquisition Corp., is based in
Wichita, Kansas.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
local counsel, Olshan Frome Wolosky LLP as general counsel,
Imperial Capital LLC as financial advisor, and Epiq Bankruptcy
Solutions as claims and noticing agent.

The U.S. Trustee has appointed seven members to an official
committee of unsecured creditors.


GLOBAL AVIATION: Reports $1.37 Million Net Revenue in December
--------------------------------------------------------------
Global Aviation Holdings Inc., et al., on Jan. 30, 2014, filed its
monthly operating report for December 2013.

The Debtors' statement of operations showed zero net loss on $1.37
million net revenue for the month.

At December 31, the Debtors reported total assets of $490.69
million, total liabilities of $399.93 million, and a total
shareholders' equity of $150.76 million.

The Debtors had $28,793 cash at the beginning of December.  They
reported $3.11 million in total cash receipts and $3.09 million in
total cash disbursements.  Thus, at the end of the month, the
Debtors had $10,681 cash.

A copy of the monthly operating report is available at:

        http://bankrupt.com/misc/GLOBALAVIATIONdecmor.pdf

                 About Global Aviation Holdings

Global Aviation Holdings Inc. -- http://www.glah.com-- the parent
company of North American Airlines and World Airways, sought
Chapter 11 bankruptcy protection on Nov. 12, 2013.  North American
Airlines, founded in 1989, operates passenger charter flights
using B767-300ER aircraft.  Founded in 1948, World Airways --
http://www.woa.com-- operates cargo and passenger charter flights
using B747-400 and MD-11 aircraft.

The parent of World Airways Inc. and North American Airlines Inc.
implemented a prior Chapter 11 reorganization in February 2013.
The new case is In re Global Aviation Holdings Inc., 13-12945,
U.S. Bankruptcy Court, District of Delaware (Wilmington). The
prior case was In re Global Aviation Holdings Inc., 12-bk-40783,
U.S. Bankruptcy Court, Eastern District New York (Brooklyn).

Peachtree City, Georgia-based Global blamed the new bankruptcy on
decreased flying for the government that reduced revenue for the
first nine months of this year to $354 million from $486 million
in the same period of 2012.

The 2013 petition shows assets and debt both exceeding $500
million. In the first bankruptcy, Global listed $589.8 million in
assets and debt of $493.2 million.

In the 2013 case, the Debtors are represented by Kourtney Lyda,
Esq., at Haynes and Boone, LLP, in Houston, Texas; and Christopher
A. Ward, Esq., at Polsinelli PC, in Wilmington, Delaware.

The first lien agent is represented by Michael L. Tuchin, Esq., at
Klee, Tuchin, Bogdanoff & Stern LLP, in Los Angeles, California.

Wells Fargo Bank, National Association, agent to the second
lienholders and third lienholders, is represented by Mildred
Quinones-Holmes, Esq., at Thompson Hines LLP, in New York.


GOLDKING HOLDINGS: Net Loss Rises to $1.34 Million in January
-------------------------------------------------------------
Goldking Holdings, et al., on Feb. 20, 2014, filed their monthly
operating report for January 2014.

The Debtors reported a net loss of $1.34 million on revenues of
$680,182 in January, a substantial increase from the previous
month's $752,465 net loss.

At Jan. 31, the Debtors had $61.26 million in total assets, $23.62
million in total liabilities, and a $37.64 million total
shareholders' equity.

At Jan. 1, the Debtors had $1.32 million cash.  They reported
total cash receipts of $1.33 million and total cash disbursements
of $1.46 million.  They spent $117,120 in professional fees.
Thus, at month end, the Debtors had $1.19 million cash.

A copy of the monthly operating report is available at:

       http://bankrupt.com/misc/GOLDKINGHOLDINGSjanmor.pdf

                     About Goldking Holdings

Goldking Holdings LLC, an oil-and-gas exploration company based in
Houston, sought bankruptcy protection (Bankr. D. Del. Case No.
13-12820) in Wilmington, Delaware, on Oct. 30, 2013, from
creditors with plans to sell virtually all its assets.  Goldking
Onshore Operating, LLC, and Goldking Resources, LLC, also sought
creditor protection.

The cases were initially assigned to Delaware Judge Brendan
Linehan Shannon.  On Nov. 20, 2013, Judge Shannon granted the
request of Goldking's former CEO Leonard C. Tallerine Jr. to move
the Chapter 11 case to Houston, Texas (Bankr. S.D. Tex. Case No.
13-37200).  Mr. Tallerine owns a nearly 6% stake in the company
through an entity called Goldking LT Capital Corp.

The Debtors' are represented by Scott W. Everett, Esq., and
Christopher L. Castillo, Esq., at Haynes And Boone, LLP.

Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor, LLP,
in Wilmington, Delaware, serves as the Debtors' co-counsel.
Lantana Oil & Gas Partners serves as the Debtors' financial
advisors.  The Debtors' notice, claims, solicitation and balloting
agent is Epiq Bankruptcy Solutions, LLC.

In December 2013, the Debtors won Court approval to employ
E-Spectrum Advisors LLC, led by its CEO Coy Gallatin, as asset
sale advisor.

An official committee of unsecured creditors has not yet been
appointed in these cases by the Office of the United States
Trustee.


GREEN FIELD ENERGY: Net Loss Increases to $10.78-Mil. in December
-----------------------------------------------------------------
Green Field Energy Services, Inc., et al, on Feb. 12, 2014, filed
their monthly operating report for December 2013.

The Debtors incurred a net loss of $10.78 million on net sales of
$784,168 in December, an increase from the previous month's net
loss of $7.96 million.

The Debtors reported $323.77 million in total assets, $465.92
million in total liabilities, and a -($142.15 million) total
shareholders' deficit.

The Debtors had $1.32 million in total operating receipts and
$3.03 million in total disbursements for the month.

A copy of the monthly operating report is available at:

          http://bankrupt.com/misc/GREENFIELDdecmor.pdf

                     About Green Field Energy

Green Field Energy Services, Inc., is an independent oilfield
services company that provides a wide range of services to oil and
natural gas drilling and production companies to help develop and
enhance the production of hydrocarbons.  The Company's services
include hydraulic fracturing, cementing, coiled tubing, pressure
pumping, acidizing and other pumping services.

Green Field Energy and two affiliates filed Chapter 11 petitions
in Delaware on Oct. 27, 2013, after defaulting on an $80 million
credit provided by an affiliate of Royal Dutch Shell Plc (Bankr.
D. Del. Case No. 13-bk-12783).

The Debtors are represented by Michael R. Nestor, Esq., and Kara
Hammon Coyle, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware; and Josef S. Athanas, Esq., Caroline A.
Reckler, Esq., Sarah E. Barr, Esq., and Matthew L. Warren, Esq.,
at Latham & Watkins LLP, in Chicago, Illinois.

The Debtors' investment banker is Carl Marks Advisory Group LLC.
Thomas E. Hill, from Alvarez & Marsal North America, LLC, serves
as the Debtors' chief restructuring officer.

In its schedules, Green Field disclosed $306,960,039 in total
assets and $447,199,869 in total liabilities.

Roberta A. Deangelis, The U.S. Trustee for Region 3, appointed six
members to the official committee of unsecured creditors in the
Chapter 11 cases of Green Field Energy Services, Inc., et al.

Green Field's bankruptcy is being financed with a $30 million loan
from BG Credit Partners LLC and ICON Capital LLC.


LIFE CARE: Net Loss Increases to $484,535 in December
-----------------------------------------------------
Life Care St. Johns, Inc., dba Glenmoor, on Feb. 18, 2014, filed
its monthly operating report for the month of December 2013.

The Debtor incurred a net loss of $484,535 on $875,551 total
revenue for the month, an increase from the previous month's net
loss of $388,436.

The Debtor's balance sheet showed total assets of $63.31 million,
total liabilities of $118.19 million, and a total shareholders'
deficit of -($54.88 million).

At Dec. 1, the Debtor had $2.99 million cash.  It had cash inflow
of $11,800 from financing activities and cash outflow of $1.10
million from operating and investing activities. At month end, the
Debtor had $1.89 million cash.

A copy of the monthly operating report is available at:

           http://bankrupt.com/misc/LIFECAREdecmor.pdf

                    About Life Care St. Johns

Life Care St. Johns, Inc., filed a Chapter 11 petition (Bankr.
M.D. Fla. Case No. 13-04158) on July 3, 2013.  The Debtor is the
owner and operator of a continuing care retirement community known
as Glenmoor consisting of 144 independent living units located on
a 40-acre site in St. Johns County, Florida.

Judge Jerry A. Funk presides over the case.  Richard R. Thames,
Esq., and Eric N. McKay, Esq., at Stutsman Thames & Markey, P.A.,
serves as the Debtor's counsel.  Navigant Capital Advisors, LLC,
acts as the Debtor's financial advisor.  American Legal Claim
Services, LLC, serves as claims and noticing agent.

The Committee of Creditors Holding Unsecured Claims appointed in
the bankruptcy case of Life Care St. Johns, Inc., is represented
by Akerman Senterfitt's David E. Otero, Esq., and Christian P.
George, Esq., in Jacksonville, Florida.

Bruce Jones signed the petition as CEO.  The Debtor estimated
assets of at least $10 million and debts of at least $50 million.


LIGHTSQUARED INC: January Net Loss Increased to $61.7 Million
-------------------------------------------------------------
LightSquared Inc., et al., filed on February 14, 2014, a monthly
operating report for the month ended January 31, 2014.

The Company reported a net loss of $61.7 million on net revenue
of $1.54 million for January, as compared to a $55.7 million net
loss the previous month.

As of January 31, 2014, the Company had total assets of $3.65
billion, total liabilities of $2.98 billion, and total
stockholders' equity of $671.56 million.

At the beginning of the month, LightSquared had $33.2 million in
cash.  The Company had total cash receipts of $1.49 million and
total cash disbursements of $11.9 million.  As a result, at the
end of January, the Company had total cash of $22.8 million.

A full-text copy of the monthly operating report is available at:

                       http://is.gd/CF743q

                      About LightSquared Inc.

LightSquared Inc. and 19 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 12-12080) on
May 14, 2012, to resolve regulatory issues that have prevented it
from building its coast-to-coast integrated satellite 4G wireless
network.

LightSquared had invested more than $4 billion to deploy an
integrated satellite-terrestrial network.  In February 2012,
however, the U.S. Federal Communications Commission told
LightSquared the agency would revoke a license to build out the
network as it would interfere with global positioning systems used
by the military and various industries.  In March 2012, the
Company's partner, Sprint, canceled a master services agreement.
LightSquared's lenders deemed the termination of the Sprint
agreement would trigger cross-defaults under LightSquared's
prepetition credit agreements.

LightSquared and its prepetition lenders attempted to negotiate a
global restructuring that would provide LightSquared with
liquidity and runway necessary to resolve its issues with the FCC.
Despite working diligently and in good faith, however,
LightSquared and the lenders were not able to consummate a global
restructuring on terms acceptable to all interested parties.

Lawyers at Milbank, Tweed, Hadley & McCloy LLP serve as counsel to
the Debtors.  Alvarez & Marsal North America, LLC, is the
financial advisor.  Kurtzman Carson Consultants LLC serves as
claims and notice agent.


METRO AFFILIATES: Net Loss Increases to $25.64-Mil. in December
---------------------------------------------------------------
Metro Affiliates, Inc., et al, on Feb. 14, 2014, filed their
monthly operating report for December 2013.

The Debtors suffered a net loss of $25.64 million on $24.54
million in net revenue for December, a more than five-fold
increase from the previous month's net loss of $4.35 million.

At Dec. 31, 2013, the Debtors reported total assets of $117.88
million, total liabilities of $245.70 million, and a total
shareholders' deficit of -($127.82 million).

At the beginning of the month, the Debtors had a cash balance of
$3.45 million.  They had total cash receipts of $108.88 million
and total cash disbursements of $106.01 million.  Metro Affiliates
spent $750,000 in professional fees.  Thus, the Debtors had $6.32
million at month end.

A copy of the monthly operating report is available at:

         http://bankrupt.com/misc/METROAFFILIATESdecmor.pdf

                       About Metro Affiliates

Staten Island, New York-based Metro Affiliates, Inc., and its
subsidiaries sought protection under Chapter 11 of the Bankruptcy
Code on Nov. 4, 2013 (Bankr. S.D.N.Y. Case No. 13-13591).  The
case is assigned to Judge Sean Lane.

Lisa G. Beckerman, Esq., and Rachel Ehrlich Albanese, Esq., at
Akin Gump Strauss Hauer & Feld LLP, in New York; and Scott L.
Alberino, Esq., at Akin Gump Strauss Hauer & Feld LLP, in
Washington, D.C., represent the Debtors.  Silverman Shin & Byrne
PLLC serves as special counsel.  Rothschild Inc. serves as the
Debtors' investment banker, while Kurtzman Carson Consultants LLC
serves as their claims and noticing agent.

Wells Fargo Bank, National Association, as agent for a consortium
of DIP lenders, is represented by Jonathan N. Helfat, Esq., at
Otterbourg, Steindler, Houston & Rosen, P.C., in New York.

The Bank of New York Mellon as indenture trustee and collateral
agent for prepetition noteholders, is represented by James
Gadsden, Esq., at Carter, Ledyard & Milburn LLP, in New York.
Certain Noteholders are represented by Kristopher M. Hansen, Esq.,
at Stroock & Stroock & Lavan LLP, in New York.

The U.S. has appointed a three-member official committee of
unsecured creditors represented by Farrell Fritz, P.C.
PricewaterhouseCoopers LLP serves as the Committee's financial
advisors.

This is Metro Affiliates' third trip to Chapter 11.  The Company,
together with its subsidiaries, previously sought protection under
Chapter 11 of the Bankruptcy Code on Aug. 16, 2002 (In re Metro
Affiliates, Inc., Case No. 02-42560 (PCB), Bankr. S.D.N.Y.).  A
plan in the second Chapter 11 case was confirmed in September
2003.  The first bankruptcy was in 1994.


NORTHSTAR AEROSPACE: Incurs $8,000 Net Loss in January
------------------------------------------------------
Northstar Aerospace (USA) Inc., now known as NSA (USA) Liquidating
Corp., et al., on Feb. 20, 2014, filed their monthly operating
report for January 2014.

The Debtors reported a net loss of $8,000 on zero net sales for
the month.

At Jan. 31, the Debtors had $102.16 million in total assets,
$87.49 million in total liabilities, and a -($16.29 million) total
shareholders' deficit.

The Debtors started the month with $279,000 cash.  They reported
zero receipts and $1,000 in total disbursements.  They spent
$6,000 in professional fees.  Thus, at the end of the month, the
Debtors had $272,000 cash.

A copy of the monthly operating report is available at:

      http://bankrupt.com/misc/NORTHSTARAEROSPACEjanmor.pdf

                    About Northstar Aerospace

Chicago, Illinois-based Northstar Aerospace --
http://www.nsaero.com/-- is an independent manufacturer of flight
critical gears and transmissions.  With operating subsidiaries in
the United States and Canada, Northstar produces helicopter gears
and transmissions, accessory gearbox assemblies, rotorcraft drive
systems and other machined and fabricated parts.  It also provides
maintenance, repair and overhaul of components and transmissions.
Its plants are located in Chicago, Illinois; Phoenix, Arizona and
Milton and Windsor, Ontario.  Northstar employs over 700 people
across its operations.

Northstar Aerospace, along with affiliates, filed for Chapter 11
protection (Bankr. D. Del. Lead Case No. 12-11817) in Wilmington,
Delaware, on June 14, 2012, to sell its business to affiliates of
Wynnchurch Capital, Ltd., absent higher and better offers.

The names of the Debtors were changed as contemplated by the
approved sale transaction.

Attorneys at Dentons US LLP and Bayard, P.A. serve as counsel to
the Debtors.  The Debtors have obtained approval to hire Logan
& Co. Inc. as the claims and notice agent.

Certain Canadian affiliates are also seeking protection pursuant
to the Companies' Creditors Arrangement Act, R.S.C.1985, c. C-36,
as amended.

As of March 31, 2012, Northstar disclosed total assets of
$165.1 million and total liabilities of $147.1 million.  About 60%
of the assets and business are with the U.S. Debtors.


ORCHARD SUPPLY: Ends November With $17.7 Million Cash
-----------------------------------------------------
OSH 1 Liquidating Corporation, fka Orchard Supply Hardware Stores
Corporation, et al., on Feb. 12, 2014, filed their monthly
operating report for the period from November 3 to 30, 2013.

No balance sheet and statement of operations were attached in the
Debtors' monthly operating report.

The Debtors had $19.90 million cash at the beginning of the month.
They reported total cash receipts of $840,000 and total cash
disbursements of $3.03 million.  The Debtors spent $3.87 million
on professional fees.  Thus, at the end of November, the Debtors
had remaining cash of $17.70 million.

A copy of the monthly operating report is available at:

        http://bankrupt.com/misc/ORCHARDSUPPLYnov3-30mor.pdf

                       About Orchard Supply

San Jose, Calif.-based Orchard Supply Hardware Stores Corporation,
which operates neighborhood hardware and garden stores focused on
paint, repair and the backyard, and two affiliates sought Chapter
11 protection (Bankr. D. Del. Lead Case No. 13-11565) on June 16,
2013, to facilitate a restructuring of the company's balance sheet
and a sale of its assets for $205 million in cash to Lowe's
Companies, Inc., absent higher and better offers.  In addition to
the $205 million cash, Lowe's has agreed to assume payables owed
to nearly all of Orchard's supplier partners.

At the outset of bankruptcy, Orchard had 89 stores in California
and two in Oregon.  Orchard was 80.1 percent owned by Sears
Holdings Corp. until spun off in December 2011.

Bankruptcy Judge Christopher S. Sontchi oversees the case.
Michael W. Fox signed the petitions as senior vice president and
general counsel.  The Debtors disclosed total assets of
$441,028,000 and total debts of $480,144,000.

Stuart M. Brown, Esq., at DLA Piper LLP (US), in Wilmington,
Delaware; and Richard A. Chesley, Esq., Chun I. Jang, Esq., and
Daniel M. Simon, Esq., at DLA Piper LLP (US), in Chicago,
Illinois, are the Debtors' counsel.  Moelis & Company LLC serves
as the Debtors' investment banker.  FTI Consulting, Inc., serves
as the Debtors' financial advisors.  A&G Realty Partners, LLC,
serves as the Debtors' real estate advisors.  BMC Group Inc. is
the Debtors' claims and noticing agent.

The Official Committee of Unsecured Creditors appointed in case
has retained Pachulski Stang Ziehl & Jones LLP as counsel, and
Alvarez & Marsal as financial advisors.

On Aug. 30, 2013, the Debtors completed the sale of a majority of
its assets to Orchard Supply Company LLC, a Delaware limited
liability company affiliated with Lowe's Companies, Inc.  Lowe's
Cos. closed the $205 million acquisition of 72 of the Debtors' 91
stores.

The Debtors changed their names following the sale: OSH 1
Liquidating Corporation for Orchard Supply Hardware Stores
Corporation; OSH 2 Liquidating LLC for Orchard Supply Hardware
LLC; and OSH 3 Liquidating LLC for OSH Properties LLC.

The Bankruptcy Court entered an order confirming the Modified
First Amended Plan of Liquidation as filed Dec. 6, 2013, for the
Debtors.  Unsecured creditors were expected to recoup 2.1% to 3%
on $25 million to $35 million in claims.  Holders of senior notes
whose claims totaled $130.7 million were predicted to recover 74%
to 86%.

The Committee reached a settlement with the Debtors, wherein it
agreed to waive the right to sue lenders over the validity of a
$127 million term loan.  There was $118 million owing on an asset-
backed loan with a lien ahead of the term-loan lenders.  The
settlement called for paying off the DIP financing from the sale
proceeds, with term lenders receiving the remainder after Orchard
Supply retained $25 million.  The settlement also created a trust
for unsecured creditors funded with $500,000 from the company.
After term lenders recover 90% of their claims, the next $1.5
million is for the creditors' trust. From proceeds of lease sales
at the 19 stores Lowe's didn't buy, the creditors' trust receives
the first $250,000, with the remainder for term lenders.

The Plan provides for the appointment of a Responsible Person for
the sole purpose of liquidating and distributing the remaining
assets of the Debtors, and a GUC Trustee for the sole purpose of
reconciling and distributing the GUC Trust Assets to the GUC Trust
Beneficiaries.  Neither the Responsible Person nor the GUC Trust
will engage in any business activities other than winding down the
remaining affairs of the Debtors.


ORMET CORPORATION: Incurs $5.62 Million Net Loss in January
--------------------------------------------------------
Ormet Corporation and and its affiliates, filed on Feb. 19, 2014,
their monthly operating report for the month of January 2014.

The Debtors reported a net loss of $5.62 million on $17.50 million
total revenue for the month.

The Debtors' consolidated balance sheet showed total assets of
$80.71 million, total liabilities of $462.07 million, and a
-($381.37 million) total shareholders' deficit.

At Jan. 1, the Debtors had a $5.98 million cash.  The Debtors
reported $14.81 million in total receipts from operating
activities and $13.22 million in total disbursements from
financing activities.  Thus, the Debtors had an ending cash
balance of $5.98 million for the month.

A copy of the monthly operating report is available at:

            http://bankrupt.com/misc/ORMETCORPjanmor.pdf

                        About Ormet Corp.

Aluminum producer Ormet Corporation, along with affiliates, filed
for Chapter 11 protection (Bankr. D. Del. Case No. 13-10334) on
Feb. 25, 2013, with a deal to sell the business to a portfolio
company owned by private investment funds managed by Wayzata
Investment Partners LLC.

Headquartered in Wheeling, West Virginia, Ormet --
http://www.ormet.com/-- is a fully integrated aluminum
manufacturer, providing primary metal, extrusion and thixotropic
billet, foil and flat rolled sheet and other products.

Ormet disclosed assets of $406.8 million and liabilities totaling
$416 million.  Secured debt of about $180 million includes $139.5
million on a secured term loan and $39.3 million on a revolving
credit.

Affiliates that separately filed Chapter 11 petitions are Ormet
Primary Aluminum Corporation; Ormet Aluminum Mill Products
Corporation; Specialty Blanks Holding Corporation; and Ormet
Railroad Corporation.

Ormet emerged from a prior bankruptcy in April 2005.  Lender
Wayzata Investment Partners LLC is among existing owners.  Others
are UBS Willow Fund LLC and Fidelity Leverage Company Stock Fund.

In the 2013 case, Ormet is represented in the case by Morris,
Nichols, Arsht & Tunnell LLP's Erin R. Fay, Esq., Robert J.
Dehney, Esq., Daniel B. Butz, Esq.; and Dinsmore & Shohl LLP's Kim
Martin Lewis, Esq., Patrick D. Burns, Esq.  Kurtzman Carson
Consultants is the claims and notice agent.  Evercore's Lloyd
Sprung and Paul Billyard serve as investment bankers to the
Debtor.

An official committee of unsecured creditors was appointed in the
case in March 2013.  The Committee is represented by Rafael X.
Zahralddin, Esq., Shelley A. Kinsella, Esq., and Jonathan M.
Stemerman, Esq., at Elliott Greenleaf; and Sharon Levine, Esq., S.
Jason Teele, Esq., and Cassandra M. Porter, Esq., at Lowenstein
Sandler LLP.

In December 2013, Ormet completed a previously approved sale of
its alumina smelter in Burnside, Louisiana, to Almatis Inc. for
$39.4 million.  There was no auction.  Completion of a court-
approved sale of the business to lender and part owner Wayzata
Investment Partners LLC became impossible when Ohio utility
regulators refused in October to grant reductions in electricity
prices. Wayzata would have acquired the business largely in
exchange for debt.

Ormet also has sold 32,000 metric tons of alumina for $8.4 million
to Glencore AG, and its rights and interests in and to 17,086 MT
baked carbon anodes, located at the Debtors' Hannibal, Ohio
location, and its rights and interest in and to 34,755 MT baked
carbon anodes, located in a storage in Baltimore, Maryland, to
Alcoa Materials Management, Inc.


RG STEEL: Incurs $4.55 Million Net Loss in January
--------------------------------------------------
WP Steel Ventures, LLC, et al., on February 14, 2014, filed their
monthly operating report for the month ended January 31, 2014.

The Company posted a net loss of $4.55 million for January on
zero sales, a big decrease from December's $74.019 million net
loss.

As of January 31, 2014, the Company had total assets of $175.821
million, total liabilities of $1.223 billion, and total
stockholders' deficit of -($1.047 billion).

For the month of January, the Company had total cash receipts of
$1.82 million and total disbursements of $708,000.

A full-text copy of the monthly operating report is available at:

                       http://is.gd/9BZa1i

                         About RG Steel

RG Steel LLC -- http://www.rg-steel.com/-- is the United States'
fourth-largest flat-rolled steel producer with annual steelmaking
capacity of 7.5 million tons.  It was formed in March 2011
following the purchase of three steel facilities located in
Sparrows Point, Maryland; Wheeling, West Virginia and Warren,
Ohio, from entities related to Severstal US Holdings LLC.  RG
Steel also owns finishing facilities in Yorkville and Martins
Ferry, Ohio.  It also owned Wheeling Corrugating Company and has a
50% ownership in Mountain State Carbon and Ohio Coatings Company.

RG Steel along with affiliates, including WP Steel Venture LLC,
sought bankruptcy protection (Bankr. D. Del. Lead Case No. 12-
11661) on May 31, 2012.  Bankruptcy was precipitated by liquidity
shortfall and a dispute with Mountain State Carbon, LLC, and a
Severstal affiliate, that restricted the shipment of coke used in
the steel production process.

The Debtors estimated assets and debts in excess of $1 billion.
As of the bankruptcy filing, the Debtors owe (i) $440 million,
including $16.9 million in outstanding letters of credit, to
senior lenders led by Wells Fargo Capital Finance, LLC, as
administrative agent, (ii) $218.7 million to junior lenders, led
by Cerberus Business Finance, LLC, as agent, (iii) $130.5 million
on account of a subordinated promissory note issued by majority
owner The Renco Group, Inc., and (iv) $100 million on a secured
promissory note issued by Severstal.

Judge Kevin J. Carey presides over the case.

The Debtors are represented in the case by Robert J. Dehney, Esq.,
and Erin R. Fay, Esq., at Morris, Nichols, Arsht & Tunnell LLP,
and Matthew A. Feldman, Esq., Shaunna D. Jones, Esq., Weston T.
Eguchi, Esq., at Willkie Farr & Gallagher LLP, represent the
Debtors.  Conway MacKenzie, Inc., serves as the Debtors' financial
advisor and The Seaport Group serves as lead investment banker.
Donald MacKenzie of Conway MacKenzie, Inc., as CRO.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

Wells Fargo Capital Finance LLC, as Administrative Agent, is
represented by Jonathan N. Helfat, Esq., and Daniel F. Fiorillo,
Esq., at Otterbourg, Steindler, Houston & Rosen, P.C.; and Laura
Davis Jones, Esq., and Timothy P. Cairns, Esq., at Pachuiski Stang
Ziehi & Jones LLP.

Renco Group is represented by lawyers at Cadwalader, Wickersham &
Taft LLP.

Kramer Levin Naftalis & Frankel LLP represents the Official
Committee of Unsecured Creditors.  Huron Consulting Services LLC
serves as the Committee's financial advisor.

The Debtor has sold off the principal plants.  The sale of
the Wheeling Corrugating division to Nucor Corp. brought in
$7 million.  That plant in Sparrows Point, Maryland, fetched the
highest price, $72.5 million.  CJ Betters Enterprises Inc. paid
$16 million for the Ohio plant.  RG Steel Sparrows Point LLC has
received the green light to sell some of its assets to Siemens
Industry, Inc., which include equipment and related spare parts,
for $400,000.


SAVIENT PHARMACEUTICALS: Ends January with $324,071 Net Income
--------------------------------------------------------------
Savient Pharmaceuticals, Inc., et al., filed with the U.S.
Securities and Exchange Commission their monthly operating report
for January 2014.

The Debtors' statement of operations showed a net income of
$324,071 on $1.38 million in revenue for the month, a substantial
improvement from the $2.2 million net loss incurred in December.

At Jan. 31, 2014, the Debtors had $173.98 million in total assets,
$290.67 million in total liabilities, and a -($116.69 million)
total shareholders' deficit.

At Jan. 1, the Debtors had $18.06 million in cash.  They had total
receipts of $118.47 million and total disbursements of $121.13
million for the month.  Among other things, the Debtors spent
$2.26 million in professional fees.  As a result, at month end,
the Debtors had $15.40 million cash.

A copy of the monthly operating report is available at the SEC at:

                         http://is.gd/ZkCEpE

                     About Savient Pharmaceuticals

Headquartered in Bridgewater, New Jersey, Savient Pharmaceuticals,
Inc. -- http://www.savient.com/-- is a specialty
biopharmaceutical company focused on developing and
commercializing KRYSTEXXA(R) (pegloticase) for the treatment of
chronic gout in adult patients refractory to conventional therapy.
Savient has exclusively licensed worldwide rights to the
technology related to KRYSTEXXA and its uses from Duke University
and Mountain View Pharmaceuticals, Inc.

The Company and its affiliate, Savient Pharma Holdings, Inc.,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Del. Case No. 13-12680) on Oct. 14, 2013.  In its schedules,
Savient Pharmaceuticals listed $43,065,650 in total assets and
$284,078,461 in total liabilities.

The Debtors are represented by Kenneth S. Ziman, Esq., and David
M. Turetsky, Esq., at Skadden Arps Slate Meagher & Flom LLP, in
New York; and Anthony W. Clark, Esq., at Skadden Arps Slate
Meagher & Flom LLP, in Wilmington, Delaware.  Cole, Schotz,
Meisel, Forman & Leonard P.A., also serves as the Company's
conflicts counsel, and Lazard Freres & Co. LLC serves as its
financial advisor.  GCG Inc. serves as the Debtors' claims agent.
Kramer Levin Naftalis & Frankel LLP is the Debtors' special
intellectual property counsel.

U.S. Bank National Association, as Indenture Trustee and
Collateral Agent, is represented by Clark T. Whitmore, Esq., at
Maslon Edelman Borman & Brand, LLP, in Minneapolis, Minnesota.

The Unofficial Committee of Senior Secured Noteholders is
represented by Andrew N. Rosenberg, Esq., Elizabeth McColm, Esq.,
and Jacob A. Adlerstein, Esq., at Paul, Weiss, Rifkind, Wharton &
Garrison LLP, in New York; and Pauline K. Morgan, Esq., at Young,
Conaway, Stargatt & Taylor LLP, in Wilmington, Delaware.

The Troubled Company Reporter reported on Jan. 15, 2014, that
Savient Pharmaceuticals has completed the sale of substantially
all of its assets, including all KRYSTEXXA assets, to Crealta
Pharmaceuticals for gross proceeds of approximately $120.4
million.

Savient Pharmaceuticals has filed with the Bankruptcy Court a plan
of liquidation following the sale to Crealta.  The Plan impairs
senior secured noteholder claims and general unsecured claims.
The Plan also impairs intercompany claims, subordinated 510(c)
claims and subordinated 510(b) claims, although holders of these
claims are not entitled to vote on the Plan.


SCOOTER STORE: Net Loss Down Further to $402,335 in January
-----------------------------------------------------------
The Scooter Store Holdings, Inc., et al., filed, on Feb. 20, 2014,
their monthly operationg report for January 2014.

The Debtors' consolidated statement of operations showed a net
loss of $402,335 on $203 net sales for January, a further decrease
from the net loss of $733,862 in December and $5.02 million in
November.

At Jan. 31, the Debtors had $2.21 million in total assets, $119.33
million in total liabilities, and a -($143.50 million) total
shareholders' deficit.

The Debtors had $2.17 million at the beginning of the month.  They
had total cash receipts of $929,985, total operating disbursements
of $33,147, and $1.13 million in total non-operating
disbursements.  The Debtors spent $524,219 in professional fees.
As a result, at month end, the Debtors had $1.88 million cash.

A copy of the monthly operating report is available at:

         http://bankrupt.com/misc/SCOOTERSTOREjanmor.pdf

                     About The Scooter Store

The Scooter Store is a supplier of power mobility solutions,
including power wheelchairs, scooters, lifts, ramps, and
accessories.  The Scooter Store's products and services provide
today's seniors and disabled persons potential alternatives to
living in nursing homes or other care facilities.  Headquartered
in New Braunfels, Texas, the Scooter Store has a nationwide
network of distribution centers that service products owned or
leased by the Company's customers.  It has 57 distribution
centers in 41 states.

Scooter Store Holdings Inc., and 71 affiliates filed for
Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 13-10904) in
Wilmington.  The closely held company listed assets of less than
$10 million and debt of more than $50 million.

Affiliates of private equity firm Sun Capital Partners, based in
Boca Raton, Florida, purchased a majority voting interest in the
debtors in 2011.  Scooter Store is 66.8 percent owned by Sun
Capital Partners Inc., owed $40 million on a third lien.  In
addition to Sun's debt and $25 million on a second lien owing to
Crystal Financial LLC, there is a $25 million first-lien revolving
credit owing to CIT Healthcare LLC as agent.  Crystal is providing
$10 million in financing for bankruptcy.


STELERA WIRELESS: Ends July with $70,085 Net Loss
-------------------------------------------------
Stelera Wireless, LLC, on Feb. 20, 2014, filed its monthly
operating report for the month of July 2013.

The Debtors incurred a net loss of $70,085 on $8,818 total income
for the month.

As of July 31, the Debtor had $19.04 million in total assets,
$30.83 million in total liabilities, and a -($11.79 million) total
shareholders' deficit.

At July 1, the Debtor reported $79,448 cash.  It reported total
cash receipts of $8,818 and total cash disbursements of $78,728.
The Debtor incurred professional fees of $60,685.  At the end of
the month, the Debtor had $9,367 cash remaining.

A copy of the monthly operating report is available at:

        http://bankrupt.com/misc/STELERAWIRELESSjulymor.pdf

                    About Stelera Wireless, LLC

Stelera Wireless, LLC, filed a Chapter 11 petition (Bankr. W.D.
Okla. Case No. 13-13267) on July 18, 2013.  Tim Duffy signed the
petition as chief technology officer/manager.  Judge Niles L.
Jackson presides over the case.  The Debtor disclosed $18,005,000
in assets and $30,809,314 in liabilities as of the Chapter 11
filing.

Christensen Law Group, PLLC, serves as the Debtor's primary
counsel.  Mulinix Ogden Hall & Ludlam, PLLC, serves as additional
bankruptcy counsel.  Wilkinson Barker Knauer, LLP, serves as the
Debtor's special counsel.  American Legal Claims Services, LLC
serves as official noticing agent.  Falkenberg Capital Corporation
serves as the Debtor's broker.

The official committee of unsecured creditors is represented by
attorneys at Gablegotwals.

The Troubled Company Reporter reported on Dec. 10, 2013, the Hon.
Niles Jackson of the U.S. Bankruptcy Court for the Western
District of Oklahoma authorized Stelera Wireless to sell its
Federal Communications Commission licenses to: AT&T Mobility
Spectrum LLC, as purchaser; and Atlantic Tele-Network, Inc., as
backup purchaser.  In an auction held Nov. 20, 2013, AT&T's bid
was the highest and best offer for the FCC licenses, while
Atlantic's, the stalking horse purchaser, was the second highest.
Pursuant to the APA, the aggregate purchase price to be paid by
AT&T will be $6,020,000.


STELERA WIRELESS: Ends August with $2,283 Cash Balance
------------------------------------------------------
Stelera Wireless, LLC, on Feb. 20, 2014, filed its monthly
operating report for August 2013.

The Debtor reported a cash profit of -($7,144) on $1,054 total
income for the month.

At August 31, the Debtor had $18.97 million in total assets,
$30.84 million in total liabilities, and a -($11.87 million) total
shareholders' deficit.

The Debtor had $9,367 cash at the beginning of the month.  They
reported $1,054 in total cash receipts and $8,197 in total cash
disbursements.  At month end, the Debtor had $2,293 cash.

A copy of the monthly operating report is available at:

        http://bankrupt.com/misc/STELERAWIRELESSaugmor.pdf

                    About Stelera Wireless, LLC

Stelera Wireless, LLC, filed a Chapter 11 petition (Bankr. W.D.
Okla. Case No. 13-13267) on July 18, 2013.  Tim Duffy signed the
petition as chief technology officer/manager.  Judge Niles L.
Jackson presides over the case.  The Debtor disclosed $18,005,000
in assets and $30,809,314 in liabilities as of the Chapter 11
filing.

Christensen Law Group, PLLC, serves as the Debtor's primary
counsel.  Mulinix Ogden Hall & Ludlam, PLLC, serves as additional
bankruptcy counsel.  Wilkinson Barker Knauer, LLP, serves as the
Debtor's special counsel.  American Legal Claims Services, LLC
serves as official noticing agent.  Falkenberg Capital Corporation
serves as the Debtor's broker.

The official committee of unsecured creditors is represented by
attorneys at Gablegotwals.

The Troubled Company Reporter reported on Dec. 10, 2013, the Hon.
Niles Jackson of the U.S. Bankruptcy Court for the Western
District of Oklahoma authorized Stelera Wireless to sell its
Federal Communications Commission licenses to: AT&T Mobility
Spectrum LLC, as purchaser; and Atlantic Tele-Network, Inc., as
backup purchaser.  In an auction held Nov. 20, 2013, AT&T's bid
was the highest and best offer for the FCC licenses, while
Atlantic's, the stalking horse purchaser, was the second highest.
Pursuant to the APA, the aggregate purchase price to be paid by
AT&T will be $6,020,000.


STELERA WIRELESS: Reports $3,162 Cash Profit in September
---------------------------------------------------------
Stelera Wireless, LLC, on Feb. 20, 2014, filed its monthly
operating report for August 2013.

The Debtor reported a $3,162 cash profit on $3,206 total income
for the month.

At August 31, the Debtor had $18.97 million in total assets,
$30.85 million in total liabilities, and a -($11.89 million) total
shareholders' deficit.

At the beginning of the month, the Debtor pegged cash at $2,327.
It reported $3,206 in total receipts and $44 in total
disbursements.  Thus, the Debtor had $5,489 cash at month end.

A copy of the monthly operating report is available at:

        http://bankrupt.com/misc/STELERAWIRELESSseptmor.pdf

                    About Stelera Wireless, LLC

Stelera Wireless, LLC, filed a Chapter 11 petition (Bankr. W.D.
Okla. Case No. 13-13267) on July 18, 2013.  Tim Duffy signed the
petition as chief technology officer/manager.  Judge Niles L.
Jackson presides over the case.  The Debtor disclosed $18,005,000
in assets and $30,809,314 in liabilities as of the Chapter 11
filing.

Christensen Law Group, PLLC, serves as the Debtor's primary
counsel.  Mulinix Ogden Hall & Ludlam, PLLC, serves as additional
bankruptcy counsel.  Wilkinson Barker Knauer, LLP, serves as the
Debtor's special counsel.  American Legal Claims Services, LLC
serves as official noticing agent.  Falkenberg Capital Corporation
serves as the Debtor's broker.

The official committee of unsecured creditors is represented by
attorneys at Gablegotwals.

The Troubled Company Reporter reported on Dec. 10, 2013, the Hon.
Niles Jackson of the U.S. Bankruptcy Court for the Western
District of Oklahoma authorized Stelera Wireless to sell its
Federal Communications Commission licenses to: AT&T Mobility
Spectrum LLC, as purchaser; and Atlantic Tele-Network, Inc., as
backup purchaser.  In an auction held Nov. 20, 2013, AT&T's bid
was the highest and best offer for the FCC licenses, while
Atlantic's, the stalking horse purchaser, was the second highest.
Pursuant to the APA, the aggregate purchase price to be paid by
AT&T will be $6,020,000.


STELERA WIRELESS: Ends October with $5,588 Cash Balance
-------------------------------------------------------
Stelera Wireless, LLC, on Feb. 20, 2014, filed its monthly
operating report for the month of October 2013.

The Debtor posted a cash profit of $99 on $115 total income for
the month.

It reported total assets of $21.47 million, total liabilities of
$30.86 million, a -($9.40 million) total shareholders' deficit.

The Debtor had $5,489 cash to start the month.  It's schedule of
receipts and disbursements showed total cash receipts of $115 and
total disbursements of $15.  Thus, at the end of the month, the
Debtor had $5,588 cash left.

A copy of the monthly operating report is available at:

        http://bankrupt.com/misc/STELERAWIRELESSoctmor.pdf

                    About Stelera Wireless, LLC

Stelera Wireless, LLC, filed a Chapter 11 petition (Bankr. W.D.
Okla. Case No. 13-13267) on July 18, 2013.  Tim Duffy signed the
petition as chief technology officer/manager.  Judge Niles L.
Jackson presides over the case.  The Debtor disclosed $18,005,000
in assets and $30,809,314 in liabilities as of the Chapter 11
filing.

Christensen Law Group, PLLC, serves as the Debtor's primary
counsel.  Mulinix Ogden Hall & Ludlam, PLLC, serves as additional
bankruptcy counsel.  Wilkinson Barker Knauer, LLP, serves as the
Debtor's special counsel.  American Legal Claims Services, LLC
serves as official noticing agent.  Falkenberg Capital Corporation
serves as the Debtor's broker.

The official committee of unsecured creditors is represented by
attorneys at Gablegotwals.

The Troubled Company Reporter reported on Dec. 10, 2013, the Hon.
Niles Jackson of the U.S. Bankruptcy Court for the Western
District of Oklahoma authorized Stelera Wireless to sell its
Federal Communications Commission licenses to: AT&T Mobility
Spectrum LLC, as purchaser; and Atlantic Tele-Network, Inc., as
backup purchaser.  In an auction held Nov. 20, 2013, AT&T's bid
was the highest and best offer for the FCC licenses, while
Atlantic's, the stalking horse purchaser, was the second highest.
Pursuant to the APA, the aggregate purchase price to be paid by
AT&T will be $6,020,000.


STELERA WIRELESS: Reports $4,939 Ending Cash in November
--------------------------------------------------------
Stelera Wireless, LLC, on Feb. 20, 2014, filed its monthly
operating report for the month of November 2013.

The Debtor reported a cash profit of -($649) on $115 total income.

At Nov. 30, the Debtor declared total assets of $19.37 million,
total liabilities of $30.88 million, and a total shareholders'
deficit of -($11.52 million).

The Debtor started the month with $5,538 cash.  It reported total
cash receipts of $115 and total disbursements of $764.  Thus, at
month end, the Debtor had $4,939 cash.

A copy of the monthly operating report is available at:

        http://bankrupt.com/misc/STELERAWIRELESSnovmor.pdf

                    About Stelera Wireless, LLC

Stelera Wireless, LLC, filed a Chapter 11 petition (Bankr. W.D.
Okla. Case No. 13-13267) on July 18, 2013.  Tim Duffy signed the
petition as chief technology officer/manager.  Judge Niles L.
Jackson presides over the case.  The Debtor disclosed $18,005,000
in assets and $30,809,314 in liabilities as of the Chapter 11
filing.

Christensen Law Group, PLLC, serves as the Debtor's primary
counsel.  Mulinix Ogden Hall & Ludlam, PLLC, serves as additional
bankruptcy counsel.  Wilkinson Barker Knauer, LLP, serves as the
Debtor's special counsel.  American Legal Claims Services, LLC
serves as official noticing agent.  Falkenberg Capital Corporation
serves as the Debtor's broker.

The official committee of unsecured creditors is represented by
attorneys at Gablegotwals.

The Troubled Company Reporter reported on Dec. 10, 2013, the Hon.
Niles Jackson of the U.S. Bankruptcy Court for the Western
District of Oklahoma authorized Stelera Wireless to sell its
Federal Communications Commission licenses to: AT&T Mobility
Spectrum LLC, as purchaser; and Atlantic Tele-Network, Inc., as
backup purchaser.  In an auction held Nov. 20, 2013, AT&T's bid
was the highest and best offer for the FCC licenses, while
Atlantic's, the stalking horse purchaser, was the second highest.
Pursuant to the APA, the aggregate purchase price to be paid by
AT&T will be $6,020,000.


STELERA WIRELESS: Cash Balance Increases to $5,039 in December
--------------------------------------------------------------
Stelera Wireless, LLC, on Feb. 20, 2014, filed its monthly
operating report for the month of December 2013.

The Debtor had a $100 cash profit on $115 total income for the
month.

As of Dec. 31, the Debtor had total assets of $19.36 million,
total liabilities of $30.48 million, and a total shareholders'
deficit of -($11.12 million).

The Debtor had $4,939 cash at the beginning of the month.  Its
schedule of receipts and disbursements showed $115 in total cash
receipts and $14 in total disbursements. Thus, at Dec. 31, the
Debtor had $5,039 cash.

A copy of the monthly operating report is available at:

        http://bankrupt.com/misc/STELERAWIRELESSaugmor.pdf
        http://bankrupt.com/misc/STELERAWIRELESSdecmor.pdf

                    About Stelera Wireless, LLC

Stelera Wireless, LLC, filed a Chapter 11 petition (Bankr. W.D.
Okla. Case No. 13-13267) on July 18, 2013.  Tim Duffy signed the
petition as chief technology officer/manager.  Judge Niles L.
Jackson presides over the case.  The Debtor disclosed $18,005,000
in assets and $30,809,314 in liabilities as of the Chapter 11
filing.

Christensen Law Group, PLLC, serves as the Debtor's primary
counsel.  Mulinix Ogden Hall & Ludlam, PLLC, serves as additional
bankruptcy counsel.  Wilkinson Barker Knauer, LLP, serves as the
Debtor's special counsel.  American Legal Claims Services, LLC
serves as official noticing agent.  Falkenberg Capital Corporation
serves as the Debtor's broker.

The official committee of unsecured creditors is represented by
attorneys at Gablegotwals.

The Troubled Company Reporter reported on Dec. 10, 2013, the Hon.
Niles Jackson of the U.S. Bankruptcy Court for the Western
District of Oklahoma authorized Stelera Wireless to sell its
Federal Communications Commission licenses to: AT&T Mobility
Spectrum LLC, as purchaser; and Atlantic Tele-Network, Inc., as
backup purchaser.  In an auction held Nov. 20, 2013, AT&T's bid
was the highest and best offer for the FCC licenses, while
Atlantic's, the stalking horse purchaser, was the second highest.
Pursuant to the APA, the aggregate purchase price to be paid by
AT&T will be $6,020,000.


STELERA WIRELESS: Posts $19.36-Mil. Total Assets in January
-----------------------------------------------------------
Stelera Wireless, LLC, on Feb. 20, 2014, filed its monthly
operating report for January 2014.

The Debtor had a -($94) cash profit on $115 total income.

At Jan. 31, the Debtor had $19.36 million in total assets, $23.92
million in total liabilities, and a -($4.55 million) total
shareholders' deficit.

The Debtor started the month with $5,039 cash.  It reported total
cash receipts of $115 and total disbursements of $14.28 during the
month.  Thus, at the end of the month, the Debtor had $4,945 cash.

A copy of the monthly operating report is available at:

        http://bankrupt.com/misc/STELERAWIRELESSjanmor.pdf

                    About Stelera Wireless, LLC

Stelera Wireless, LLC, filed a Chapter 11 petition (Bankr. W.D.
Okla. Case No. 13-13267) on July 18, 2013.  Tim Duffy signed the
petition as chief technology officer/manager.  Judge Niles L.
Jackson presides over the case.  The Debtor disclosed $18,005,000
in assets and $30,809,314 in liabilities as of the Chapter 11
filing.

Christensen Law Group, PLLC, serves as the Debtor's primary
counsel.  Mulinix Ogden Hall & Ludlam, PLLC, serves as additional
bankruptcy counsel.  Wilkinson Barker Knauer, LLP, serves as the
Debtor's special counsel.  American Legal Claims Services, LLC
serves as official noticing agent.  Falkenberg Capital Corporation
serves as the Debtor's broker.

The official committee of unsecured creditors is represented by
attorneys at Gablegotwals.

The Troubled Company Reporter reported on Dec. 10, 2013, the Hon.
Niles Jackson of the U.S. Bankruptcy Court for the Western
District of Oklahoma authorized Stelera Wireless to sell its
Federal Communications Commission licenses to: AT&T Mobility
Spectrum LLC, as purchaser; and Atlantic Tele-Network, Inc., as
backup purchaser.  In an auction held Nov. 20, 2013, AT&T's bid
was the highest and best offer for the FCC licenses, while
Atlantic's, the stalking horse purchaser, was the second highest.
Pursuant to the APA, the aggregate purchase price to be paid by
AT&T will be $6,020,000.



                             *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com by e-mail.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to the nation's bankruptcy courts.  The
list includes links to freely downloadable of these small-dollar
petitions in Acrobat PDF documents.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Ivy B. Magdadaro, Carlo Fernandez,
Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2014.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-241-8200.


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