TCR_Public/140820.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Wednesday, August 20, 2014, Vol. 18, No. 231

                            Headlines

21ST CENTURY ONCOLOGY: Expects to File Q2 Report Next Week
A.M. CASTLE: S&P Revises Outlook to Negative & Affirms 'B-' CCR
ADVANCED SLEEP: MCG Capital to Sell Collateral on Sept. 2
AEROGROW INTERNATIONAL: SMG Growing Media Holds 33% Stake
AFFINITY GAMING: S&P Affirms 'B' Corp. Credit Rating

AMERICAN APPAREL: Narrows Its Losses, But Troubles Remain
AMERICAN MEDIA: Incurs $54.3 Million Net Loss in Fiscal 2014
ANDALAY SOLAR: Reports $636,000 Net Loss in Second Quarter
ASSURED PHARMACY: Pinewood et al. Report 53% Equity Stake
ATLAS PIPELINE: S&P Revises Outlook to Stable & Affirms 'B+' CCR

AURORA DIAGNOSTICS: Reports Q2 Net Loss of $2.9 Million
AUXILIUM PHARMACEUTICALS: S&P Affirms 'CCC' CCR; Outlook Negative
BANK OF THE CAROLINAS: Registers 458.1MM Shares for Resale
BERNARD L. MADOFF: Trustee Can't Block Feeder-Fund Deals
BOMBAY & CO: In CCAA Proceedings; Richter Named as Monitor

BROWNIE'S MARINE: Delays Second Quarter Form 10-Q
BUFFALO PARK: Owners to Seek Plan Approval Sept. 23
BUFFALO PARK: Lewises Reach Agreement with Nationstar
C&K MARKET: Emerges From Chapter 11 Reorganization
CAPITOL CITY: Needs More Time to File Form 10-Q

CASPIAN SERVICES: Buys Kyran From Topaz for $100
CATASYS INC: Reports $27.4 Million Net Loss in Second Quarter
CHINA SHIANYUN: Needs More Time to File Form 10-Q
CODA HOLDINGS: Estate Hits Ex-JV Partner With $14M Clawback Suit
COHAWKIN ROAD: Case Summary & 5 Largest Unsecured Creditors

COMMUNITYONE BANCORP: John Redett Qualified to Serve as Director
CRUNCHIES FOOD: Files Bare-Bones Chapter 11 Petition
CUBIC ENERGY: Chief Financial Officer Resigns
DAEHAN SHIPBUILDING: Bankrupt Korean Shipbuilder Files in U.S.
DAEHAN SHIPBUILDING: Chapter 15 Case Summary

DEALMAKERS CONSULTANTS: Voluntary Chapter 11 Case Summary
DETROIT, MI: First Witness Testifies at Plan Trial
DOLPHIN DIGITAL: Incurs $2.5 Million Net Loss in 2013
DOLPHIN DIGITAL: Delays Filing of Quarterly Reports
EAGLE BULK: Limited Claims Bar Date Set for Sept. 2

ELBIT IMAGING: Shareholders Approve 1-for-20 Reverse Stock Split
ELEPHANT TALK: Reports $6.9 Million of Revenue in 2nd Quarter
ENERGY FUTURE: Panel Taps Morrison & Foerster as Counsel
ENERGY FUTURE: Creditors' Panel Hires Polsinelli as Co-counsel
ENERGY FUTURE: Creditors' Panel Taps FTI Consulting as Advisor

ENERGY FUTURE: Creditors' Panel Taps Lazard as Investment Banker
ENERGY FUTURE: Executive Bonuses May Top $18 Million
ENERGY SERVICES: Posts $439,000 Net Income in Third Quarter
EPAZZ INC: Needs More Time to File Form 10-Q Report
ERF WIRELESS: Needs More Time to File Form 10-Q Report

ERF WIRELESS: Issued 1 Million Common Shares
ESSAR STEEL: S&P Lowers CCR to 'SD' on Planned Restructuring
EVERYWARE GLOBAL: Incurs $26.9 Million Net Loss in Second Quarter
EXIDE TECHNOLOGIES: U.S. Trustee Responds to Bid for Equity Panel
EXIDE TECHNOLOGIES: Taps Akin Gump as Board Counsel

EXIDE TECHNOLOGIES: Execs Can't Escape Suit Over Enviro Issues
FOREVER GREEN: Dismissal of Involuntary Petition Affirmed
FORMER PAYROLL: Voluntary Chapter 11 Case Summary
FREEDOM INDUSTRIES: Judge Again Limits Fee Payments
FREEDOM INDUSTRIES: Files Creditor-Payment Plan

FULLCIRCLE REGISTRY: Incurs $165,500 Net Loss in 2nd Quarter
FUSION TELECOMMUNICATIONS: Hires EisnerAmper as New Accountant
GARCIA TENT: Case Summary & 10 Largest Unsecured Creditors
GENIUS BRANDS: Reports $1.1 Million Second Quarter Net Loss
GEOMET INC: Posts $57.7 Million Net Income in Second Quarter

HAROLD L. ROSBOTTOM: 5th Circuit Affirms Conviction
IDEARC INC: Fifth Circuit Bars Creditors from Jury on Fraud Suit
IDERA PHARMACEUTICALS: Incurs $8.3 Million Net Loss in Q2
IMAGEWARE SYSTEMS: Conference Call Held to Discuss Results
INDEPENDENCE TAX II: Delays 10-Q Over Management Changes

INDUSTRY MANAGEMENT: Case Summary & 2 Top Unsecured Creditors
INTERMETRO COMMUNICATIONS: Delays Q2 Form 10-Q Filing
INTERMETRO COMMUNICATIONS: Douglas Benson Holds 32.6% Stake
KIRCH MEDIA: Deutsche Bank CEO Hit With Fraud Charges
LANTHEUS MEDICAL: Incurs $1.6 Million Net Loss in Second Quarter

LEO MOTORS: Incurs $315,000 Net Loss in Second Quarter
LINCOLN ROAD: Case Summary & 4 Unsecured Creditors
LIQUIDMETAL TECHNOLOGIES: Incurs $2.5MM Net Loss in 2nd Quarter
LOMBARD FLATS: Contempt Order Against Cheuk Tin Yan Upheld
LOPES DOOR: First Creditors Meeting on Aug. 27 in Toronto

MARINA BIOTECH: Delays Second Quarter Form 10-Q
MASHANTUCKET WESTERN: S&P Lowers ICR to 'CCC-'; Outlook Neg.
MICHELE DICOSOLA: September 2014 Trial Set in Government's Suit
MILESTONE SCIENTIFIC: Incurs $169,000 Net Loss in 2nd Quarter
MINT LEASING: Incurs $2.8 Million Net Loss in Second Quarter

MMRGLOBAL INC: Incurs $1.4 Million Net Loss in Second Quarter
MOMENTIVE PERFORMANCE: Plan Hearing Begins; Exclusivity Extended
MOMENTIVE PERFORMANCE: Insurance Premium Financing Deal Okayed
MOMENTIVE PERFORMANCE: Amends Schedules of Assets and Liabilities
MOMENTIVE PERFORMANCE: Net Loss Widens to $106MM at 2014 Q2

MONARCH COMMUNITY: Posts $46,000 Net Income in 2nd Qtr 2014
MORRISON INFORMATICS: Shareholder Suit Over Embezzlement Revived
N-VIRO INTERNATIONAL: Delays Second Quarter Form 10-Q Report
NEPHROS INC: Incurs $654,000 Net Loss in Second Quarter
NET ELEMENT: Posts $1.3 Million Net Income in Second Quarter

NEW LIFE: Gets Conditional Confirmation of Plan
NEXT 1 INTERACTIVE: Amends Certificates of Designations
NII HOLDINGS: Reports $968 Million of Revenue in Second Quarter
NTELOS HOLDINGS: S&P Raises Corp. Credit Rating to 'B+'
OSAGE EXPLORATION: Had $4MM Q2 Loss, Warns of Possible Bankruptcy

OXYSURE SYSTEMS: Incurs $320,000 Net Loss in Second Quarter
PACIFIC GOLD: Delays Second Quarter Form 10-Q
PARSLEY ENERGY: S&P Raises CCR to 'B'; Outlook Stable
PLUG POWER: Swings to $3.8MM Net Income in 2nd Qtr 2014
POSITIVEID CORP: Incurs $1.2 Million Net Loss in Second Quarter

POSITIVEID CORP: Asher Enterprises No Longer a Shareholder
POSITRON CORP: Incurs $201,000 Net Loss in Second Quarter
PRESIDENTIAL REALTY: Posts $70,000 Net Income in Second Quarter
PRESSURE BIOSCIENCES: Incurs $721,000 Net Loss in 2nd Quarter
PURADYN FILTER: Incurs $251,500 Net Loss in Second Quarter

PT-1 COMMS: Bankr. Court Lacked Jurisdiction to Award Refund
R.R. DONNELLEY: Plunges Into Market for Printed Electronic Parts
REALOGY CORP: Closes Acquisition of ZipRealty
RESPONSE BIOMEDICAL: Inks Separation Pact with Timothy Shannon
RESPONSE BIOMEDICAL: Posts C$288,000 Net Income in Q2

RESTORGENEX CORP: Incurs $4.4 Million Net Loss in Second Quarter
REVEL AC: To Close Down After Labor Day
RICEBRAN TECHNOLOGIES: Incurs Second Quarter Net Loss of $15.7MM
RIVIERA HOLDINGS: In Covenant Talks; Forbearance Moved to Aug. 31
S.E. SHIRES: Judge Says Liquidation Can Stay in Chapter 11

SALON MEDIA: Incurs $886,000 Net Loss in First Quarter
SALUBRIOUS PHARMACEUTICAL: Files Bare-Bones Ch. 11 Petition
SB PARTNERS: Incurs $205,700 Net Loss in Second Quarter
SILVERSUN TECHNOLOGIES: Posts $60,000 Second Quarter Net Profit
SKYLINE MANOR: Court Okays Douglas Kucera as Trustee's Accountant

SPEEDEMISSIONS INC: Incurs $453,000 Net Loss in Second Quarter
SPENDSMART NETWORKS: Incurs $2.5-Mil. Net Loss in June 30 Qtr
STELLAR BIOTECHNOLOGIES: Copies of Charter Filed with SEC
SUNLAND INC: Aug 29 Hearing to Approve Salmonella Claims Protocol
SUNVALLEY SOLAR: Reports $274,000 Net Loss in Second Quarter

TELECONNECT INC: Reports $768,000 Net Loss in June 30 Quarter
TN-K ENERGY: Reports $225,000 Net Loss in Second Quarter
TRIPLANET PARTNERS: Court Approves EisnerAmper as Accountant
UNI-PIXEL INC: To Present at 2014 Gateway Conference on Sept. 4
UNILAVA CORP: Delays Form 10-Q Report for 2nd Quarter

UNIVERSAL SOLAR: System Fault Causes Delay in 10-Q Filing
USEC INC: Files Second Quarter 2014 Report With SEC
UTSTARCOM HOLDINGS: Incurs $4.6 Million Second Quarter Net Loss
VERMILLION INC: Eliminates SVP Sales & Marketing & CMO Positions
VERSO PAPER: Incurs $42.8 Million Net Loss in Second Quarter

VISION INDUSTRIES: Incurs $138,000 Net Loss in Second Quarter
VISUALANT INC: Incurs $1.3 Million Net Loss in Third Quarter
VYCOR MEDICAL: Incurs $1.3 Million Net Loss in Second Quarter
VYCOR MEDICAL: Fountainhead Owns 50% of Common Shares
VYCOR MEDICAL: Peter Zachariou Holds 25.7% of D Preferred Shares

VYCOR MEDICAL: Fountainhead Owns 70% of Outstanding D Shares
WAFERGEN BIO-SYSTEMS: Ends Second Quarter with $3.5MM in Cash
Z TRIM HOLDINGS: Incurs $1.6 Million Net Loss in Second Quarter

* New York Prosecutors Charge Payday Lenders with Usury
* SEC Charges Kansas with Failure to Disclose Pension Risks
* Swaps Panel Delays Payout Auction on Argentine Bonds

* Deloitte CRG Wins Two TMA Transaction of the Year Awards


                             *********


21ST CENTURY ONCOLOGY: Expects to File Q2 Report Next Week
----------------------------------------------------------
To allow adequate time to complete its quarterly goodwill
impairment review, 21st Century Oncology Holdings, Inc., has not
yet filed its quarterly report on Form 10-Q for the period ended
June 30, 2014.  The Company expects to issue its earnings release
for the quarterly period ended June 30, 2014, during the week of
Aug. 18, 2014, and to file its quarterly report on Form 10-Q
during the week of Aug. 25, 2014.

                         About 21st Century

21st Century Oncology, Inc., formerly known as Radiation Therapy
Services, Inc. ("RTS") owns and operates radiation treatment
facilities in the US and Latin America.

The Company incurred a net loss of $78.24 million in 2013
following a net loss of $151.12 million in 2012.

                            *   *    *

As reported by the TCR on Aug. 14, 2014, Moody's Investors Service
downgraded 21st Century Oncology, Inc.'s Corporate Family Rating
to Caa2 from B3 and Probability of Default Rating to Caa2-PD from
B3-PD.  The rating action follows the company's July 29, 2014
announcement that it has entered into a Recapitalization Support
Agreement with Vestar Capital Partners and a group of holders of
its outstanding subordinated notes, under which the company
expects to obtain additional liquidity through an equity
contribution or subordinated debt of at least $150 million on or
before October 1, 2014.

In the Aug. 4, 2014, edition of the TCR, Standard & Poor's Ratings
Services lowered all of its ratings on 21st Century Oncology
Holdings Inc., including the corporate credit rating to 'CCC+'.

"We lowered our ratings because of increased risk that the company
could exchange its $380 million subordinated notes for equity,"
said credit analyst Tulip Lim.


A.M. CASTLE: S&P Revises Outlook to Negative & Affirms 'B-' CCR
---------------------------------------------------------------
Standard & Poor's Ratings Services revised its rating outlook on
Oak Brook, Ill.-based A.M. Castle & Co. to negative from stable.
At the same time, S&P is affirming its 'B-' corporate credit
rating on the company and 'B-' issue-level ratings.  The recovery
rating on the company's 12.75% senior secured notes is unchanged
at '4', indicating S&P's expectation for average (30% to 50%)
recovery in the event of payment default.

"The negative outlook reflects our expectation that EBITDA
interest coverage will be less than 1x for the duration of 2014
and that funds from operations [FFO] will be nominal," said
Standard & Poor's credit analyst Amanda Buckland.  Weak operating
results through the first half of 2014 were worse than industry
peers due to operational miscues and interruptions related to
Castle's cost reduction program.  S&P believes the worst is behind
Castle because it understands the new inventory system
implementation, most facility consolidations, and major sales
staffing changes were completed by the end of the second quarter,
but operating performance in the second half of 2014 and full-year
2015 is still coming off of nearly 18 months of weakening results.
Demand from Castle's key end markets -- oil and gas and aerospace
-- is expected to be positive given higher oil and gas spending
budgets and stronger demand for commercial aerospace relative to
2013.  However, Castle's ability to execute better sales is key in
capitalizing on these trends.  Industrial demand is expected to
remain tepid given weakness in mining and capital goods.

"We view liquidity as "adequate"; however, Castle's $125 million
ABL revolving credit facility due December 2015 will become
current next January.  While we consider the ABL to be well over-
collateralized based on quarter-end accounts receivables and
inventory balances on June 30, refinancing risk will rise as the
maturity date nears given the potential for unexpected, negative
events.  Partly mitigating this is Castle's ability to generate
cash from working capital as it reduces inventory purchases during
soft markets.  We expect working capital inflows between $30
million and $35 million in 2014 based on management's target
inventory days of 150 (before last in, first out adjustment) by
year-end; we view this as achievable because Castle met its target
for inventory reductions in 2013, generating nearly $90 million in
cash," S&P noted.

The negative outlook reflects S&P's view that overall operating
results will be weak and EBITDA interest coverage will be less
than 1x for full-year 2014.  In 2015, S&P expects some
improvement, with EBITDA interest coverage increasing above 1x,
but remain cautious because operating improvement is contingent
upon better execution from Castle.  The outlook also reflects the
possibility that liquidity may become "less than adequate" during
the next 12 months should the ABL become current and the company
does not have a viable plan for extension.

S&P could lower the rating if Castle experiences cash burn through
the next six months and its asset base continues to shrink.  In
S&P's view, this indicates the possibility that Castle may not be
able to refinance the ABL at a level where liquidity could support
a continued downturn.  S&P could also lower the rating if the ABL
becomes current and Castle does not have a firm plan to refinance
it amid weak operating performance, because S&P would then
consider liquidity to be "less than adequate" or even "weak."

An upgrade in the next year is unlikely given S&P's cautious view
of operating results through 2015.  However, if operations and
cash flow improved such that debt to EBITDA decreased to less than
5x, S&P would consider an upgrade.


ADVANCED SLEEP: MCG Capital to Sell Collateral on Sept. 2
---------------------------------------------------------
MCG Capital Corporation, in its capacity as administrative agent
on behalf of and for the benefit of itself and the lenders under a
security agreement dated Oct. 12, 2006, will dispose of collateral
either at:

     -- a public sale at 10:30 a.m. on Sept. 2, 2014, at the
        Floyd County Courthouse, 3 Government Plaza, Rome,
        Georgia 30161; or

     -- one or more public or private sales thereafter.

The Debtors are Advanced Sleep Concepts, Inc., Spears Mattress
Co., Mattressmax In., and Mattress Barn, Inc.

The sale will exclude any fixtures owned by Spears Mattress.

At any public sale, the collateral is expected to be sold in a
single block to a single purchaser.  However, the Secured lender
reserves the right to designate lots and parcels for sale.  The
Secured lender also reserves the right to credit bid.

The Secured lender also may forego with conducting the public sale
and proceed with any private sale.

The Secured lender is represented by:

         Douglas Ghidina, Esq.
         MOORE & VAN ALLEN PLLC
         100 North Tryon Street, Suite 4700
         Charlotte, NC 28202-4003
         Tel: 704-331-3504
         E-mail: dougghidina@mvalaw.com


AEROGROW INTERNATIONAL: SMG Growing Media Holds 33% Stake
---------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, SMG Growing Media, Inc., and The Scotts
Miracle-Gro Company disclosed that as of Aug. 5, 2014, they
beneficially owned 3,039,099 shares of common stock of
AeroGrow International, Inc., representing 33.14 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at http://is.gd/UdVg41

                           About AeroGrow

Boulder, Colo.-based AeroGrow International, Inc., is a developer,
marketer, direct-seller, and wholesaler of advanced indoor garden
systems designed for consumer use and priced to appeal to the
gardening, cooking, and healthy eating, and home and office decor
markets.

Aerogrow International reported a net loss attributable to common
shareholders of $4.13 million for the year ended March 31, 2014, a
net loss attributable to common shareholders of $8.25 million for
the year ended March 31, 2013, and a net loss of $3.55 million for
the year ended March 31, 2012.  As of March 31, 2014, the Company
had $4.54 million in total assets, $3.65 million in total
liabilities and $894,000 in total stockholders' equity.


AFFINITY GAMING: S&P Affirms 'B' Corp. Credit Rating
----------------------------------------------------
Standard & Poor's Ratings Services affirmed its ratings on Las
Vegas-based gaming operator Affinity Gaming (Affinity), including
the 'B' corporate credit rating.  The outlook remains negative.

The 'B' corporate credit rating reflects S&P's assessment of
Affinity's business risk profile as "weak" and its assessment of
the company's financial risk profile as "highly leveraged,"
according to S&P's criteria.  The liquidity profile is "adequate."

Under the amended credit facility, the financial covenants have
been reset and pricing has increased.  The previous total leverage
covenant has been replaced with a first-lien covenant that opens
at 3.75x and remains at that level through fiscal 2015, but will
step down thereafter to 3x in early 2017 and remain at that level
until maturity.  The interest coverage covenant has been relaxed
to 1.5x from the previous 2x.  Pricing under the facility has
increased to LIBOR + 400 bps with a 1.25% LIBOR floor from the
current L + 325 bps with a 1% floor.  As a result of the
amendment, S&P has revised its assessment of the liquidity profile
to "adequate," reflecting the good cushion with respect to the new
financial covenants under our performance expectations.

S&P's assessment of Affinity's business risk profile as "weak"
reflects its challenged Nevada businesses, with limited
competitive advantage and minimal barriers to entry in the markets
in which they operate.  Affinity's Midwest casino business, which
had historically benefited from a more protected market position
and experienced less volatility during the last downturn, has also
been exposed to continued softness in the local economies and
weather-related disruptions causing the segment to underperform
relative to S&P's expectations.  S&P expects the Colorado business
to stabilize after the weather-related issues in recent quarters
and should be a larger contributor to Affinity's operations.
There could be disruption in late 2015 and beyond, however, if
voters allow video lottery terminals (VLTs) at exclusive locations
in select Denver suburbs, which are key feeder markets to the
Black Hawk/Central City gaming market.

S&P's assessment of Affinity's financial risk profile as "highly
leveraged" reflects its anticipation that lease-adjusted leverage
will remain above 7x for the next two years.  The company will
continue to maintain significant excess cash balances of greater
than $90 million and will maintain EBITDA coverage of interest
expense of greater than 1.8x through 2015.  Though these measures
are significantly weaker than previously anticipated, the
maintenance of interest coverage greater than 1.5x and the
significant excess cash balances are key for support at the 'B'
rating level.

The combination of pressure on the discretionary income of the
company's target value-oriented consumer from softness in economic
conditions in key markets, severe weather across much of its
portfolio, and missteps in promotional spending has hurt operating
performance in the past several quarters.  For 2014, S&P expects
EBITDA to decline in the mid-teens percentage area.  S&P believes
operating performance for the remainder of the year will remain
challenged as the company refines its marketing, and promotional
strategies and value-oriented consumers' discretionary spending on
gaming remains constrained.  In 2015, S&P expects EBITDA to grow
modestly in the low-single-digits, as it believes the company will
have worked through its previously inefficient marketing programs.


AMERICAN APPAREL: Narrows Its Losses, But Troubles Remain
---------------------------------------------------------
Elizabeth A. Harrisaug, writing for The New York Times, reported
that American Apparel's earnings for the second quarter reinforced
the retailer's troubled financial footing.  According to the
report, sales at American Apparel were essentially flat, at $162
million, in the period that ended June 30.  And while losses
narrowed considerably over the same period in 2013, the company
still lost $16.2 million in the quarter, compared with
$37.5 million a year earlier, the report related.

                       About American Apparel

Los Angeles, Calif.-based American Apparel, Inc. (NYSE Amex: APP)
-- http://www.americanapparel.com/-- is a vertically integrated
manufacturer, distributor, and retailer of branded fashion basic
apparel.  As of September 2010, American Apparel employed over
10,000 people and operated 278 retail stores in 20 countries,
including the United States, Canada, Mexico, Brazil, United
Kingdom, Ireland, Austria, Belgium, France, Germany, Italy, the
Netherlands, Spain, Sweden, Switzerland, Israel, Australia, Japan,
South Korea and China.

Amid liquidity problems and declining sales, American Apparel in
early 2011 reportedly tapped law firm Skadden, Arps, Slate,
Meagher & Flom and investment bank Rothschild Inc. for advice on a
restructuring.

In April 2011, American Apparel said it raised $14.9 million in
rescue financing from a group of investors led by Canadian
financier Michael Serruya and private equity firm Delavaco Capital
Corp., allowing the casual clothing retailer to meet obligations
to its lenders for the time being.  Under the deal, the investors
were buying 15.8 million shares of common stock at 90 cents
apiece.  The deal allows the investors to purchase additional
27.4 million shares at the same price.

American Apparel reported a net loss of $106.29 million on $633.94
million of net sales for the year ended Dec. 31, 2013, as compared
with a net loss of $37.27 million on $617.31 million of net sales
for the year ended Dec. 31, 2012.

As of Dec. 31, 2013, the Company had $333.75 million in total
assets, $411.15 million in total liabilities and a $77.40 million
total stockholders' deficit.

                           *     *     *

As reported by the Troubled Company Reporter on Feb. 26, 2014,
Standard & Poor's Ratings Services lowered its corporate credit
rating to 'CCC' from 'B-' on Los Angeles-based American Apparel
Inc.  The outlook is developing.

The Troubled Company Reporter, on Nov. 21, 2013, reported that
American Apparel Inc. had its corporate family rating cut one
level to Caa2 by Moody's Investors Service.  The clothing
retailer's probability of default was also lowered one level and
the outlook is negative.


AMERICAN MEDIA: Incurs $54.3 Million Net Loss in Fiscal 2014
------------------------------------------------------------
American Media, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
attributable to the Company and its subsidiaries of $54.31 million
on $344.22 million of total operating revenues for the fiscal year
ended March 31, 2014, compared to a net loss attributable to the
Company and its subsidiaries of $56.23 million on $348.52 million
of total operating revenues for the year ended March 31, 2013.

The Company's balance sheet at March 31, 2014, showed $572.64
million in total assets, $701.61 million in total assets, $3
million in redeemable noncontrolling interests, and a $131.97
million total stockholders' deficit.

A full-text copy of the Form 10-K is available for free at:

                         http://goo.gl/9k7fGt

                   Bondholders to Acquire Equity

American Media announced that Chatham Asset Management, LLC, and
Omega Charitable Partnership, L.P., which are existing bondholders
of AMI, have agreed to acquire all of the issued and outstanding
shares of common stock of AMI.  In addition to the stock
acquisition, the Investors will invest an additional $12.5 million
in AMI through the purchase of Second Lien PIK Notes due 2018
resulting in an implied enterprise value of $527 million for AMI.

AMI Parent Holdings LLC is an affiliate of Chatham Asset
Management LLC and Omega Charitable Partnership.

The enterprise value of the company reflects the aggregate
purchase price of $2 million to be paid for AMI's common stock,
the $513 million of outstanding indebtedness that will remain in
place after closing and the additional Second Lien PIK Notes
issued at closing.  The Investors have also agreed to waive two
separate repurchases of First Lien Notes due 2017 during Fiscal
Year 2015, which total $12.7 million.

David J. Pecker, Chairman, president and chief executive officer
of AMI, said, "The acquisition of AMI by Chatham Asset Management
and Omega Charitable Partnership is a watershed moment for
American Media.  As a result of the acquisition and related
support provided by Chatham and Omega, American Media is in an
extraordinary position to pursue the assertive growth path we
began two years ago.  Since that time, we have established a
formidable digital presence for our key brands, created
proprietary digital publishing and e-commerce platforms, and
signed an agreement with a major international mobile advertising
provider.  The opportunity to now work with Chatham Asset
Management and Omega Charitable Partnership will ensure these and
other opportunities come to full fruition as we continue to
transform American Media into a premier lifestyle brands company."

In addition, the Investors announced that Mr. Pecker will continue
as the chairman, president and chief executive officer of AMI
after the closing and that all of Mr. Pecker's senior management
team will remain in place.

The merger and the related transactions are subject to the
satisfaction of customary closing conditions.

A full-text copy of the Agreement and Plan of Merger is available
for free at http://goo.gl/XGRI63

                          Delays Form 10-Q

American Media notified the SEC that it could not complete the
filing of its quarterly report on Form 10-Q for the fiscal quarter
ended June 30, 2014, within the prescribed time period due to a
delay in obtaining and compiling information required to be
included therein for the reasons discussed below, which delay
could not be eliminated by the Company without unreasonable effort
and expense.

The Company plans to file its Quarterly Report on Form 10-Q for
the fiscal quarter ended June 30, 2014, no later than the fifth
calendar day following the prescribed due date of Aug. 14, 2014,
being Aug. 19, 2014.

The Company expects to report total operating revenues of $78.3
million and operating income of $5.7 million for the quarter ended
June 30, 2014, compared to total operating revenues of $90.3
million and operating income of $16.5 million reported for the
quarter ended June 30, 2013.  The decline in operating revenues
and operating income were due to (i) the industry wide disruption
in the Company's wholesaler channels due to the shutdown and
bankruptcy of one of the Company's major wholesalers, (ii) the
decline in the celebrity magazine market, (iii) the overall
decline in the consumer advertising market and (iv) the
divestiture of the distribution and merchandising business,
included in the prior year period with no comparable revenue in
the current year period.

                        About American Media

Based in New York, American Media, Inc., publishes celebrity
journalism and health and fitness magazines in the U.S.  These
include Star, Shape, Men's Fitness, Fit Pregnancy, Natural Health,
and The National Enquirer.  In addition to print properties, AMI
manages 14 different Web sites.  The company also owns
Distribution Services, Inc., an in-store magazine merchandising
company.

American Media, Inc., and 15 units, including American Media
Operations, Inc., filed for Chapter 11 protection in Manhattan
(Bankr. S.D.N.Y. Case No. 10-16140) on Nov. 17, 2010, with a
prepackaged plan.  The Debtors emerged from Chapter 11
reorganization in December 2010, handing ownership to former
bondholders.  The new owners include hedge funds Avenue Capital
Group and Angelo Gordon & Co.

                           *     *     *

As reported by the TCR on Nov. 20, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on Boca Raton, Fla.-
based American Media Inc. to 'CCC+' from 'SD'.  "The upgrade
follows the company's exchange of $94.3 million of its $104.9
million 13.5% second-lien cash-pay notes due 2018 for privately
held $94.3 million 10% second-lien notes due 2018," said
Standard & Poor's credit analyst Hal Diamond.

In the July 10, 2014, edition of the TCR, Moody's Investors
Service had lowered American Media, Inc.'s Corporate Family Rating
(CFR) to Caa1 from B3.  The downgrade of American Media's CFR to
Caa1 reflects Moody's expectation for lower revenue and EBITDA
resulting in higher financial leverage.


ANDALAY SOLAR: Reports $636,000 Net Loss in Second Quarter
----------------------------------------------------------
Andalay Solar, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common stockholders of $635,831 on $306,919 of net
revenue for the three months ended June 30, 2014, as compared with
a net loss attributable to common stockholders of $555,115 on
$130,046 of net revenue for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss attributable to common stockholders of $720,227 on $449,401
of net revenue as compared with a net loss attributable to common
stockholders of $1.89 million on $211,240 of net revenue for the
same period last year.

As of June 30, 2014, Andalay Solar had $3.29 million in total
assets, $6.31 million in total liabilities, $37,505 in series D
convertible redeemable preferred stock, and a $3.06 million total
stockholders' deficit.  Cash as of June 30, 2014, was $93,000.

"Total revenue in the second quarter was $307,000, a 136.0%
increase as compared to the same period in the prior year.  We are
pleased that revenue also increased sequentially by 115.4%, which
is more than double as compared to the first quarter of 2014.
Total operating expenses in the second quarter of 2014 decreased
by 24.5% as compared to the second quarter of 2013, and decreased
by 8.2% as compared to the first quarter of 2014.  The Company's
team is the most streamlined that it has ever been and is fully
focused on growing sales and working with key partners," commented
Steven Chan, CEO of Andalay Solar.

A full-text copy of the Form 10-Q is available for free at:

                         http://is.gd/p3qzX1

                 Appointment of Chief Financial Officer

Andalay Solar's Board of Directors appointed Steven Chan as the
Company's interim chief financial officer effective Aug. 6, 2014.
Steven Chan is the Company's chief executive officer and he will
continue to serve in this capacity.

                         About Andalay Solar

Founded in 2001, Andalay Solar, Inc., formerly Westinghouse Solar,
Inc., is a provider of innovative solar power systems.  In 2007,
the Company pioneered the concept of integrating the racking,
wiring and grounding directly into the solar panel.  This
revolutionary solar panel, branded "Andalay", quickly won industry
acclaim.  In 2009, the Company again broke new ground with the
first integrated AC solar panel, reducing the number of components
for a rooftop solar installation by approximately 80 percent and
lowering labor costs by approximately 50 percent.  This AC panel,
which won the 2009 Popular Mechanics Breakthrough Award, has
become the industry's most widely installed AC solar panel.  A new
generation of products named "Instant Connect" was introduced in
2012 and is expected to achieve even greater market acceptance.

Andalay Solar reported a net loss attributable to common
stockholders of $3.85 million on $1.12 million of net revenue for
the year ended Dec. 31, 2013, as compared with a net loss
attributable to common stockholders of $9.15 million on $5.22
million of net revenue in 2012.

Burr Pilger Mayer, Inc., in San Francisco, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company's significant operating losses and
negative cash flow from operations raise substantial doubt about
its ability to continue as a going concern.


ASSURED PHARMACY: Pinewood et al. Report 53% Equity Stake
---------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Pinewood Trading Fund, LP, Sagewood, LLC, and
Jack E. Brooks disclosed that as of July 17, 2014, they
beneficially owned 10,593,083 shares of common stock of Assured
Pharmacy, Inc., representing 53.9% of the shares outstanding.

Because Mr. Brooks is a manager of Sagewood, which is the general
partner of Pinewood, he has the power to direct the affairs of
Sagewood and Pinewood, including the voting and disposition of
shares of Common Stock held in the name of Pinewood.

A copy of the regulatory filing is available for free at
http://is.gd/rbWk6h

                      About Assured Pharmacy

Headquartered in Frisco, Texas, Assured Pharmacy, Inc., is engaged
in the business of establishing and operating pharmacies that
specialize in dispensing highly regulated pain medication for
chronic pain management.

The Company was organized as a Nevada corporation on Oct. 22,
1999, under the name Surforama.com, Inc., and previously operated
under the name eRXSYS, Inc.  The Company changed its name to
Assured Pharmacy, Inc., in October 2005.

In their report on the consolidated financial statements for the
year ended Dec. 31, 2013, BDO USA, LLP, expressed substantial
doubt about the Company's ability to continue as a going concern,
citing that the Company has suffered recurring losses from
operations and has a net capital deficiency.

The Company reported a net loss of $3.36 million on $5.19 million
of sales in 2013, compared with a net loss of $4 million on $5.64
million of sales in 2012.  The Company's balance sheet at
March 31, 2014, showed $1.19 million in total assets, $9.09
million in total liabilities, $3.17 million in series D redeemable
convertible preferred stock and a $11.07 milion stockholders'
deficit.


ATLAS PIPELINE: S&P Revises Outlook to Stable & Affirms 'B+' CCR
----------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on Tulsa-
based Atlas Pipeline Partners L.P. to stable from negative.  At
the same time, S&P affirmed its 'B+' corporate credit and senior
unsecured debt ratings on Atlas.  The recovery rating on the
senior unsecured debt is '3', indicating S&P's expectation for
meaningful recovery (50% to 70%) in the event of a payment
default.

"We base the outlook revision on modestly improving financial
leverage and our expectation for adjusted debt to EBITDA of about
4.9x by year end 2014," said Standard & Poor's credit analyst
Michael Ferguson.

The partnership's Stonewall and Silver Oak II processing
facilities recently commenced operations and S&P expects these
assets to run near capacity by the end of 2015, leading to sharply
increased EBITDA for the entity by 2015.  Additionally, Atlas used
around $135 million of proceeds from the sale of its West Texas
LPG to pay down debt outstanding under its revolving credit
facility which also contributed to the outlook revision.  S&P
expects the Edward plant to come online by the third quarter of
2014 and provide an additional uplift to cash flow.  That said,
S&P continues to view execution and volume risk associated with
the development of Atlas' Eagle Ford- based assets as a key credit
consideration and intend to closely monitor the partnership's
progress over the next 12 months.

S&P considers Atlas' business risk profile to be "fair."  Atlas'
"aggressive" financial risk profile reflects S&P's expectation for
elevated debt to EBITDA of about 4.9x in 2014, falling to about
4.7x in 2015; the master limited partnership (MLP) structure,
which gives management incentive to distribute a large portion of
its free cash flow to unitholders each quarter; and a contract mix
that remains highly sensitive to changes in the price of natural
gas and natural gas liquids.  S&P considers Atlas Pipeline's
liquidity to be "adequate" under its criteria, with a ratio of
liquidity sources over uses of about 1.2x during the next 12
months.

The stable outlook reflects S&P's expectation that Atlas' key
credit measures will stabilize in the near term.  S&P could raise
the rating if Atlas successfully executes its 2014 growth
strategy, maintains adequate liquidity, and reduces leverage below
4x for a sustained period.  S&P could lower the rating if low
commodity prices, stagnant throughput levels, or operational
difficulties result in tight liquidity and/or debt to EBITDA over
5x through the end of 2015.


AURORA DIAGNOSTICS: Reports Q2 Net Loss of $2.9 Million
-------------------------------------------------------
Aurora Diagnostics Holdings, LLC, filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $2.92 million on $60.78 million of net
revenue for the three months ended June 30, 2014, as compared with
a net loss of $5.14 million on $62.97 million of net revenue for
the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $9.49 million on $117.82 million of net revenue as
compared with a net loss of $12.81 million on $123.94 million of
net revenue for the same period last year.

As of June 30, 2014, the Company had $331.09 million in total
assets, $392.83 million in total liabilities and a $61.74 million
members' deficit.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/j4knRD

                     About Aurora Diagnostics

Headquartered in Palm Beach Gardens, Florida, Aurora Diagnostics
Holdings, LLC, through its subsidiaries, provides physician-based
general anatomic and clinical pathology, dermatopathology,
molecular diagnostic services and other esoteric testing services
to physicians, hospitals, clinical laboratories and surgery
centers. The company recognized approximately $260 million in
revenue for the 12 months ended June 30, 2013. The company is
majority owned by equity sponsors KRG Capital Partners and Summit
Partners.

Aurora Diagnostics reported a net loss of $73.01 million on
$248.16 million of net revenue for the year ended Dec. 31, 2013,
as compared with a net loss of $160.85 million on $277.88 million
of net revenue for the year ended Dec. 31, 2012.

                             *   *   *

As reported by the Troubled Company Reporter on Sept. 27, 2013,
Moody's Investors Service downgraded Aurora's Corporate Family
Rating to Caa2 from B3 and Probability of Default Rating to Caa2-
PD from B3-PD. Moody's also lowered the debt ratings of Aurora
Diagnostics Holdings, LLC's and Aurora Diagnostics, LLC
(collectively Aurora). Concurrently, Moody's downgraded Aurora's
Speculative Grade Liquidity Rating to SGL-4 from SGL-3. The
outlook for the ratings remains negative.

The downgrade of the ratings reflects Moody's expectation that the
company will see continued difficulty in mitigating a significant
decline in revenue and EBITDA. This stems from a reduction in
Medicare reimbursement due to a decrease in rates and
sequestration, continued challenging volume growth trends and
threats of additional reimbursement reductions. This will
negatively impact the company's credit metrics, constrain Aurora's
ability to repay debt and pressure the company's liquidity
position. Moody's also has concerns about the sustainability of
the company's capital structure given its significant debt load
and related interest burden.

In the Aug. 7, 2014, edition of the TCR, Standard & Poor's Ratings
Services raised its corporate credit rating on Palm Beach Gardens,
Fla.-based anatomic pathology services provider Aurora Diagnostics
Holdings LLC to 'CCC+' from 'CCC'.  The outlook is stable.


AUXILIUM PHARMACEUTICALS: S&P Affirms 'CCC' CCR; Outlook Negative
-----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'CCC' corporate
credit rating on Auxilium Pharmaceuticals Inc. following the
company's announcement that it had obtained an amendment to its
credit agreement permitting the change of control associated with
the company's proposed merger with a Canadian biotechnology firm
QLT Inc.  The outlook is negative.

S&P also affirmed the 'CCC+' issue-level rating on the company's
senior secured first-lien credit facility.  The '2' recovery
rating remains unchanged and reflects S&P's expectation for
substantial (70%-90%) recovery in the event of payment default.

"The rating affirmation reflects our belief that liquidity remains
"weak", despite the merger with QLT and expected increase in
balance sheet cash," said credit analyst Maryna Kandrukhin.  "The
amendment has a strict financial covenant schedule for the maximum
permitted first-lien net leverage ratio effective in the first
quarter of 2015.  There is an aggressive step-down in the second
quarter.  We believe Auxilium will be challenged to meet the
financial covenant requirement because revenue growth and cost
control over the next three quarters might not be sufficient to
generate the EBITDA necessary for covenant compliance."

The negative outlook reflects S&P's belief that Auxilium could be
challenged to meet the financial covenant requirement introduced
by the amendment, despite the increase in balance sheet cash that
will result from the transaction.

Downside scenario

S&P could lower the rating if Auxilium is unable to either meet or
amend its covenant tests in the first half of 2015.  Under S&P's
base-case forecast, it estimates Auxilium will generate around $25
million in annualized EBITDA, versus more than $40 million
required to meet the test.  S&P could also lower the rating if the
company uses cash faster than it currently estimates.  In S&P's
view, low-single-digit revenue growth coupled with continued
margin erosion in 2015 could cause it to believe the company will
likely deplete its cash within the next year, which could cause
S&P to lower the rating.

Upside scenario

While unlikely, S&P could raise its rating to 'CCC+' if Auxilium
generates sufficient EBITDA to meet its net leverage covenant
requirement.  This would result from product performance and cost
control that is better than S&P expects, resulting in EBITDA
growth that is at least $15 million higher than S&P's current
expectations.  Under this scenario, S&P would also need to believe
that the company could generate at least breakeven cash flow.
This would alleviate the threat of a liquidity event over the next
12 months.


BANK OF THE CAROLINAS: Registers 458.1MM Shares for Resale
----------------------------------------------------------
Bank of the Carolinas Corporation filed a registration statement
with the U.S. Securities and Exchange Commission relating to the
resale of up to 458,132,991 shares of the voting common stock of
the Company by Allstate Insurance Company, Bridge Equities III,
LLC, Ithan Creek Investors USB, LLC, et al.

The Company will not receive any proceeds from the sale of these
securities.  The Company is registering securities for resale by
the selling shareholders, but that does not necessarily mean that
they will sell any of the securities.  The selling shareholders
will sell at prevailing market prices, or privately negotiated
prices.

Each selling shareholder or dealer selling the common stock is
required to deliver a current prospectus upon the sale.

The Company's common stock is currently quoted on the OTCQB
marketplace maintained by OTC Markets Group Inc., under the symbol
"BCAR."  On Aug. 14, 2014, the last reported sales price for the
Company's common stock as reported on the OTCQB marketplace was
$0.70 per share.

A full-text copy of the Form S-1 is available for free at:

                        http://is.gd/vqt42A

                   About Bank of the Carolinas

Mocksville, North Carolina-based Bank of the Carolinas Corporation
was formed in 2006 to serve as a holding company for Bank of the
Carolinas.  The Bank's primary market area is in the Piedmont
region of North Carolina.

Turlington and Company, LLP, in Lexington, North Carolina, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has suffered recurring credit
losses that have eroded certain regulatory capital ratios.  As of
Dec. 31, 2013, the Company is considered undercapitalized based on
their regulatory capital level.  This raises substantial doubt
about the Company's ability to continue as a going concern.

The Company reported a net loss available to common stockholders
of $2.33 million in 2013, a net loss available to common
stockholders of $5.53 million in 2012 and a net loss available to
common stockholders of $29.18 million in 2011.  The Company's
balance sheet at March 31, 2014, showed $428.05 million in total
assets, $426.06 million in total liabilities, and stockholders'
equity of $1.99 million.


BERNARD L. MADOFF: Trustee Can't Block Feeder-Fund Deals
--------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that in an opinion handed down on Aug. 8 by a three-judge
appeals panel, the U.S. Court of Appeals in Manhattan upheld a
ruling by a federal district judge who refused to let Bernard L.
Madoff's trustee, Irving Picard, stop a settlement with managers
of the Fairfield Sentry feeder funds.

According to the report, Mr. Picard has been seeking $460 million
from the Merkin defendants and $3.2 billion from the Fairfield
defendants.  The report related that U.S. Circuit Judge Robert D.
Sack said the feeder-fund customers' suits weren't property of the
bankrupt Madoff estate because they are based on "injury that is
particularized as to them."

The appeal in the circuit court is Picard v. Fairfield Greenwich
Ltd., 13-1289, U.S. Court of Appeals for the Second Circuit
(Manhattan).

                     About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New York granted the application of the Securities Investor
Protection Corporation for a decree adjudicating that the
customers of BLMIS are in need of the protection afforded by the
Securities Investor Protection Act of 1970.  The District Court's
Protective Order (i) appointed Irving H. Picard, Esq., as trustee
for the liquidation of BLMIS, (ii) appointed Baker & Hostetler LLP
as his counsel, and (iii) removed the SIPA Liquidation proceeding
to the Bankruptcy Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789)
(Lifland, J.).  Mr. Picard has retained AlixPartners LLP as claims
agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The petitioning creditors -- Blumenthal &
Associates Florida General Partnership, Martin Rappaport
Charitable Remainder Unitrust, Martin Rappaport, Marc Cherno, and
Steven Morganstern -- assert US$64 million in claims against Mr.
Madoff based on the balances contained in the last statements they
got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).

The Chapter 15 case was later transferred to Manhattan.  In June
2009, Judge Lifland approved the consolidation of the Madoff SIPA
proceedings and the bankruptcy case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to
150 years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims, with the fourth
and latest batch of distributions done in May 2014.  Distributions
to eligible claimants have totaled almost $6 billion, which
includes $812.2 million in committed advances from the SIPC.  More
than 1,100 victims have already recovered the full principal they
lost in the fraud.

As of May 2014, Mr. Picard has recovered or reached agreements to
recover $9.8 billion since his appointment in December 2008.


BOMBAY & CO: In CCAA Proceedings; Richter Named as Monitor
----------------------------------------------------------
The Ontario Superior Court of Justice (Commercial List) issued on
August 6 an initial order under the Companies' Creditors
Arrangement Act in respect of Bombay & Co, Inc., Bowring & Co,
Inc., and Benix & Co., Inc., in the proceeding bearing Court File
No. CV14-10659-OOCL, declaring that the Applicants are a company
to which the CCAA applies.

Richter Advisory Group Inc. has been appointed monitor in the
Applicants' CCAA proceeding.  The firm may be reached at:

     Adam Sherman
     RICHTER ADVISORY GROUP INC.
     181 Bay Street, 33rd Floor
     Toronto, Ontario M5J 2T3
     Tel: 1-866-576-0499
     Fax: 514-934-8603
     E-mail: asherman@richter.ca


BROWNIE'S MARINE: Delays Second Quarter Form 10-Q
-------------------------------------------------
Brownie's Marine Group, Inc., filed with the U.S. Securities and
Exchange Commission a Notification of Late Filing on Form 12b-25
with respect to its quarterly report on Form 10-Q for the quarter
ended June 30, 2014.  The Company said certain financial and other
information necessary for an accurate and full completion of the
Report could not be provided within the prescribed time period
without unreasonable effort or expense.

                       About Brownie's Marine

Brownie's Marine Group, Inc., which does business through its
wholly owned subsidiary, Trebor Industries, Inc., d/b/a Brownie's
Third Lung -- http://www.browniesmarinegroup.com/-- designs,
tests, manufactures and distributes recreational hookah diving,
yacht based scuba air compressor and nitrox generation systems,
and scuba and water safety products.  BWMG sells its products both
on a wholesale and retail basis, and does so from its headquarters
and manufacturing facility in Fort Lauderdale, Florida.  The
Company's common stock is quoted on the OTC BB under the symbol
"BWMG".

Brownie's Marine reported a net loss of $788,286 in 2013, as
compared with a net loss of $2.01 million in 2012.  As of
March 31, 2014, the Company had $1.11 million in total assets,
$1.72 million in total liabilities and a $613,098 of total
stockholders' deficit.

                  Liquidity and Capital Resources

As of March 31, 2014, the Company had cash and current assets
(primarily consisting of inventory) of $1,012,251 and current
liabilities of $1,725,977, or a current ratio of .59 to 1.  This
represents a working capital deficit of $713,726.  As of
December 31, 2013, the Company had cash and current assets of
$1,057,967 and current liabilities of $1,760,058, or a current
ratio of .60 to 1.  As of December 31, 2012, the Company had cash
and current assets of $894,573 and current liabilities of
$1,770,503, or a current ratio of .51 to 1.

The consolidated financial statements have been prepared assuming
the Company will continue as a going concern, which contemplates
realization of assets and the satisfaction of liabilities in the
normal course of business for the twelve-month period following
the date of these financial statements.  The Company has incurred
losses since 2009, and expects to have losses through 2014. The
Company has had a working capital deficit since 2009.

The Company is behind on payments due for payroll taxes and
withholding, matured convertible debentures, related party notes
payable, accrued liabilities and interest-related parties, and
certain vendor payables.  The Company is handling delinquencies on
a case by case basis.  However, there can be no assurance that
cooperation the Company has received thus far will continue.

The Company closed and ceased operations at its retail facility.
The Company is still involved in the joint venture.  As a result,
the Company does not expect that existing cash flow will be
sufficient to fund presently anticipated operations beyond the
second quarter of 2043.  This raises substantial doubt about
BWMG's ability to continue as a going concern.  The Company will
need to raise additional funds and is currently exploring
alternative sources of financing.

"We have issued a number of convertible debentures as an interim
measure to finance our working capital needs.  We have
historically paid for many legal and consulting services with
restricted stock to maximize working capital.  We intend to
continue this practice in the future when possible.  We have
implemented some cost saving measures and will continue to explore
more to reduce operating expenses.

"If we fail to raise additional funds when needed, or do not have
sufficient cash flows from sales, we may be required to scale back
or cease operations, liquidate our assets and possibly seek
bankruptcy protection," the Company said in the Quarterly Report
for the period ended March 31, 2014.


BUFFALO PARK: Owners to Seek Plan Approval Sept. 23
---------------------------------------------------
Ronald P. Lewis and Carol J. Lewis are slated to present their
bankruptcy-exit plan after winning approval of the explanatory
disclosure statement.

The Lewises own their residence, as well as real estate investment
property and stock in various businesses entities.  Their
principal occupation involves the ownership and management of
their real estate investment and rental properties.

The bankruptcy schedules, as amended, indicate that the gross
value of the assets of the Lewises totals $7,888,657, of which
$7,582,413 is on account of real property.

The Plan, which divides creditors and interest holders into 31
classes, provides that the Debtors will restructure their debts
and obligations in the ordinary course of business, including the
sale and leasing of properties and operation of their businesses.

The Debtors expect that rental income from these properties and
the Lewis' disposable income, together with the restructuring of
the mortgages and other secured debts, will generate sufficient
funds to pay on a pro-rata basis a portion of the Lewis' unsecured
debts.  The reduction of payments to secured creditors as a result
of Plan confirmation will have a material beneficial impact on the
Debtors' ability to service their debt, including making a
distribution to unsecured creditors.

The Plan provides that each month for five years following the
effective date of the Plan, the Lewises will deposit $1,782 into
an unsecured creditor account.  Every time three deposits have
been made into the account, the balance of the account will be
distributed to holders of administrative claims who elect to be
treated under this provision on a pro rata basis until such time
as the holders of administrative claims have been paid in full.
Once the holders of allowed administrative claims have been paid
in full, the balance of the account will be distributed for a
period of 5 years to general unsecured claims.  A payment of
$1,782 per month for five years results in total deposits to the
unsecured creditor account of $106,920.

Holders of allowed unsecured claims will also share on a pro rata
basis in the equity of vacant land identified by the Lewises.  The
Lewises will have four years from the Effective Date to sell the
vacant land.  The vacant land is valued at $82,430 in the Debtors'
schedules.

The Debtors expect that the total amount of unsecured claims will
increase due to deficiency claims associated with the secured
lenders.  The Debtors expect unsecured claims to total
$11,755,141.

Judge Howard R. Tallman's Aug. 6 order approving the disclosure
statement sets forth this schedule:

   -- Sept. 10, 2014, is fixed as the last day for filing written
acceptances or rejections of the Debtors' plan.

   -- Sept. 10, 2014, is fixed as the last day for filing and
serving written objections to confirmation of the plan pursuant to
Fed. R. Bankr. P. 3020(b)(1).

   -- On or before Sept. 17, 2014, counsel for the Debtors must
prepare and file with this Court a summary report on the ballots.

   -- Sept. 23, 2014, at 9:30 a.m. is the date fixed for the
hearing on confirmation of the plan. The hearing on confirmation
will be conducted in Courtroom B, U.S. Custom House, 721 19th
Street, Denver, Colorado.

   -- If any objections to confirmation of Plan are filed, the
parties must exchange exhibits, and file witness and exhibit lists
with the Court, in accordance with L.B.R. 9070-1, no later than
Sept. 22, 2014.

                  Iterations of the Plan Outline

The Debtors on Nov. 13, 2013, won approval of the disclosure
statement dated Oct. 15, 2013.   Following approval of the
disclosure statement, numerous creditors filed objection to the
Plan.  The Debtors have resolved the majority of such objections
and continue to resolve the remaining objections.   Given the
settlements reached and passage of time since the Oct. 15, 2013
Disclosure Statement was prepared, on May 14, 2014, the Bankruptcy
Court ordered the Debtors to file an amended disclosure statement
and plan on or before July 9, 2014.

The Debtors filed a Disclosure Statement on July 3, 2014.  A copy
of the document is available at:

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

The Debtors on Aug. 6, 2014, filed another iteration of the
Disclosure Statement, a copy of which is available for free at:

    http://bankrupt.com/misc/Buffalo_Park_Lewis_DS_Aug2014.pdf

                   About Buffalo Park & Lewises

Buffalo Park Development Properties, Inc., filed a Chapter 11
petition (Bankr. D. Colo. Case No. 13-17669) on May 7, 2013.
Ronald P. Lewis signed the petition as owner and CEO.  Buffalo
Park disclosed $20,777,601 assets and $11,294,567 liabilities in
its schedules.  Robert Padjen, Esq., at Laufer and Padjen LLC
serves as counsel to Buffalo Park. Judge Elizabeth E. Brown
presides over the case.

Formed in 1964, Buffalo Park is a real estate development,
construction, management and sales business.  It has developed and
sold numerous subdivisions and currently has several land
developments in progress.  Buffalo Park owns and operates
community water companies that require a licensed water works
operator and owns a commercial business center.

Owners of Buffalo Park -- Ronald P. Lewis and Carol J. Lewis --
filed for protection under Chapter 11 of the Bankruptcy Code on
March 21, 2012.  The Lewises have been investing in, developing
and managing real property for more than 60 years.  Aside from
Buffalo Park, the Lewises have interests in Evergreen Memorial
Park, Inc., Elf Creek Properties, LLC, and Mountain Land
Construction, Co.  The Lewises are represented by attorneys at
Kutner Brinen Garber P.C.

The Bankruptcy Court granted joint administration of the two
estates on July 18, 2013.

On Aug. 30, 2013, the Lewises and Buffalo Park filed a Joint Plan
of Reorganization.  Buffalo Park was unable to reach agreements
with its primary secured lenders CCB and Mutual of Omaha, and has
determined not to proceed with a reorganization Plan.  Rather,
Buffalo Park is proceeding with a sale of its water companies
pursuant to 11 U.S.C. Sec. 363 and has agreed to relief from stay
as to Mutual and possibly CCB.


BUFFALO PARK: Lewises Reach Agreement with Nationstar
-----------------------------------------------------
Ronald P. Lewis and Carol J. Lewis are seeking bankruptcy court
approval of a settlement with Nationstar Mortgage, LLC.

Nationstar is a secured creditor holding a promissory note secured
by a deed of trust encumbering real property located 6951 Lynx
Lair, Evergreen, CO.  The Debtor's plan dated Oct. 15, 2013,
provides that Nationstar's claim will be allowed for $349,145, to
be paid in equal monthly installments of the Debtors' future
income.  Nationstar filed an objection to the Plan and filed an
adversary proceeding seeking damages of not less than $52,680.

In order to resolve the adversary proceeding, as well as the
treatment of the claim in the Plan, the parties have reached a
settlement, which among other things, provides that the claim will
be allowed in an amount of $342,000, will bear interest at the
rate of 5% per annum commencing on the Effective Date, will be
amortized over a 30-year period and paid in equal monthly
installments.  The Debtors will be responsible for timely ongoing
principal, interest and escrow payments upon approval of the
settlement.

Objections to the settlement are due Sept. 4, 2014.

                   About Buffalo Park & Lewises

Buffalo Park Development Properties, Inc., filed a Chapter 11
petition (Bankr. D. Colo. Case No. 13-17669) on May 7, 2013.
Ronald P. Lewis signed the petition as owner and CEO.  Buffalo
Park disclosed $20,777,601 assets and $11,294,567 liabilities in
its schedules.  Robert Padjen, Esq., at Laufer and Padjen LLC
serves as counsel to Buffalo Park. Judge Elizabeth E. Brown
presides over the case.

Formed in 1964, Buffalo Park is a real estate development,
construction, management and sales business.  It has developed and
sold numerous subdivisions and currently has several land
developments in progress.  Buffalo Park owns and operates
community water companies that require a licensed water works
operator and owns a commercial business center.

Owners of Buffalo Park -- Ronald P. Lewis and Carol J. Lewis --
filed for protection under Chapter 11 of the Bankruptcy Code on
March 21, 2012.  The Lewises have been investing in, developing
and managing real property for more than 60 years.  Aside from
Buffalo Park, the Lewises have interests in Evergreen Memorial
Park, Inc., Elf Creek Properties, LLC, and Mountain Land
Construction, Co.  The Lewises are represented by attorneys at
Kutner Brinen Garber P.C.

The Bankruptcy Court granted joint administration of the two
estates on July 18, 2013.

On Aug. 30, 2013, the Lewises and Buffalo Park filed a Joint Plan
of Reorganization.  Buffalo Park was unable to reach agreements
with its primary secured lenders CCB and Mutual of Omaha, and has
determined not to proceed with a reorganization Plan.  Rather,
Buffalo Park is proceeding with a sale of its water companies
pursuant to 11 U.S.C. Sec. 363 and has agreed to relief from stay
as to Mutual and possibly CCB.


C&K MARKET: Emerges From Chapter 11 Reorganization
--------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that C&K Market Inc., a chain of more than 40 grocery
stores throughout Oregon and northern California, implemented the
Chapter 11 plan on Aug. 10 that was approved when the bankruptcy
judge in Eugene, Oregon, signed a confirmation order on June 30.

According to the report, the plan gave common and preferred stock
to unsecured creditors with an estimated $60 million in claims.
Unsecured creditors individually owed $10,000 or less were paid 80
percent in cash, the report related.

                       About C&K Market

C&K Market Inc., a 57 year-old grocery store chain, sought
bankruptcy protection from creditors with a plan to sell or close
some of its stores, on Nov. 19, 2013 (Bankr. D. Ore. Case No.
13-64561).  The case is assigned to Judge Frank R. Alley, III.

C&K Market scheduled $157,696,921 in total assets and $101,604,234
in total liabilities.

The Debtor is represented by Albert N. Kennedy, Esq., Timothy J.
Conway, Esq., Michael W. Fletcher, Esq., and Ava L. Schoen, Esq.,
at Tonkon Torp LLP, in Portland, Oregon.  Edward Hostmann has been
tapped as chief restructuring officer, and The Food Partners, LLC,
serves as the Debtor's financial advisor.  Kieckhafer Schiffer &
Company LLP serves as advisors and consultants to communicate with
lenders, brokers, attorneys and other professionals.  Henderson
Bennington Moshofsky, P.C., serves as accountants.  Watkinson
Laird Rubenstein Baldwin & Burgess PC serves as labor counsel.
The Debtor hired Great American Group, LLC, to conduct store
closing sales.  Kurtzman Carson Consultants is the Debtor's
noticing agent.

An Official Committee of Unsecured Creditors appointed in the
Debtor's case has retained Scott L. Hazan, Esq., David M. Posner,
Esq., and Jenette A. Barrow-Bosshart, Esq., at Otterbourg P.C. as
lead co-counsel, and Tara J. Schleicher, Esq., at Farleigh Wada
Witt as local co-counsel; and Protiviti, Inc. as financial
consultant.

C & K Market on June 30 received a bankruptcy judge's approval for
its proposed plan to exit Chapter 11 protection.  Judge Frank
Alley III of U.S. Bankruptcy Court in Oregon signed an order
confirming C&K Market's plan of reorganization, which is based on
new financing to pay off a $25 million loan owing to U.S. Bank NA,
the company's secured lender.  The restructuring plan offers
common stock to unsecured creditors with an estimated $60 million
in claims.  Unsecured creditors individually owed $10,000 or less
will be paid 80% in cash.  Secured creditors that hold liens on
real property will receive seven-year notes at 6% interest.
Meanwhile, creditors secured with liens on personal property are
to be paid in full over four years, with an interest rate of 6%.


CAPITOL CITY: Needs More Time to File Form 10-Q
-----------------------------------------------
Capitol City Bancshares, Inc., requests an extension of time to
file its Form 10-Q for the period ended June 30, 2014, as it could
not complete the filing of its Form 10-Q on or before the
prescribed due date without unreasonable effort.  According to the
Company, it needs additional time to complete the compilation,
dissemination and review of the information required to be
presented in the Form 10-Q.  The Company expects to file its
Quarterly Report on Form 10-Q on or before the fifth day following
the prescribed due date.

                        About Capitol City

Atlanta, Georgia-based Capitol City Bancshares, Inc., was
incorporated under the laws of the State of Georgia for the
purposes of serving as a bank holding company for Capitol City
Bank and Trust Company.  The Bank operates a full-service banking
business and engages in a broad range of commercial banking
activities, including accepting customary types of demand and
timed deposits, making individual, consumer, commercial, and
installment loans, money transfers, safe deposit services, and
making investments in U.S. government and municipal securities.

Capitol City reported a net loss available to common shareholders
of $5.53 million in 2013, as compared with a net loss available to
common shareholders of $1.79 million in 2012.  The Company's
balance sheet at March 31, 2014, showed $283.80 million in total
assets, $283.04 million in total liabilities and $756,333 in total
stockholders' equity.

Nichols, Cauley & Associates, LLC, in Atlanta, GA, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company is operating under regulatory orders to, among
other items, increase capital and maintain certain levels of
minimum capital.  As of December 31, 2013, the Company was not in
compliance with these capital requirements.  In addition to its
deteriorating capital position, the Company has suffered
significant losses related to nonperforming assets, and has
significant maturities of liabilities within the next twelve
months.  The auditors maintained that these matters raise
substantial doubt about the ability of Capitol City Bancshares,
Inc., and subsidiaries to continue as a going concern.


CASPIAN SERVICES: Buys Kyran From Topaz for $100
------------------------------------------------
On Aug. 7, 2014, Caspian Services, Inc., and Topaz Engineering
Limited closed a Share Purchase Agreement dated Nov. 20, 2013.
Pursuant to the Agreement, the Company acquired from Topaz its
100% equity interest in Kyran Holding Limited for $100.  The
principal asset of Kyran is a 50% equity interest in Mangistau
Oblast Boat Yard, LLP.  MOBY is a joint venture between Kyran, JSC
KazMorTransFlot  and Balykshi LLP, a Company majority-owned
subsidiary.  Balykshi owns a 20% interest in MOBY.  Prior to the
acquisition of Kyran, MOBY was accounted for in the Company's
financial statements by the equity method.  As a result of the
Kyran acquisition, the operations and balances of Kyran and MOBY
will be consolidated with the financial statements of the Company.

This transaction was undertaken in connection with the Company's
ongoing efforts to restructure its debt obligations to the
European Bank for Reconstruction and Development and Mr.
Baiseitov.

MOBY was formed to operate a boat repair and drydocking services
yard located at the Company's marine base.  In October 2008 the
Company entered into a lease agreement with MOBY to lease three
hectares of space at the marine base.  The lease agreement was for
20 years and provided for a fixed rent payment of $290,000 per
year.  In November 2009 MOBY made a partial advance payment of
$3,347,000, which the Company began to recognize over the 20 year
lease term in May 2010.  During the second fiscal quarter 2014,
Balykshi and MOBY agreed to cancel the lease and most of the
balance of the advance was off-set against amounts owed to
Balykshi by MOBY.

In August 2008 MOBY entered into a Loan Agreement with EBRD.
Pursuant to the Loan Agreement, MOBY borrowed $10.3 million from
EBRD.  In connection with the loan, EBRD required the Company,
Topaz and KMTF to, inter alia, execute a Deed of Guarantee and
Indemnity, guaranteeing the repayment of the MOBY loan.  The
guarantee obligation of each party was limited to each party's
respective ownership interest in MOBY.

Prior to closing the Agreement; (i) Topaz, through Kyran,
voluntarily repaid 50% of the outstanding principal and accrued
but unpaid interest of the MOBY loan; (ii) MOBY entered into a
loan agreement with Kyran in the amount of the Topaz repayment,
approximately $5.7 million; and (iii) Topaz obtained waivers from
EBRD of the obligations of Topaz and Kyran under the Loan
Agreement, the Guarantee and applicable security agreements.  The
Company and KMTF were not released from their obligations under
the Guarantee.  While the dollar amount of the Company's
obligation pursuant to the Guarantee did not increase as a result
of the release of Topaz, the percentage of the MOBY loan that is
guaranteed by the Company (and KMTF) under the Guarantee
effectively doubled to reflect the 50% repayment by and release of
Topaz as a guarantor.

As of the closing, the outstanding balance of the MOBY loan was
approximately $5.9 million.  The interest rate under the MOBY loan
is generally the Interbank Rate plus a margin of 3.6%.  The Loan
Agreement provides that during any period when the loan is in
default, a default interest rate of an additional 2% per annum
will be charged.  The Loan Agreement provides for 14 equal semi-
annual installment payments of principal and interest on June 15
and December 15, commencing on or after the third anniversary of
the Loan Agreement.

As of the closing, MOBY had made no semi-annual installment
payments and was in violation of certain financial covenants under
the Loan Agreement.  To the Company's knowledge, as of the date of
the closing, EBRD has not sought to accelerate repayment of the
MOBY loan.

Pursuant to the Agreement, the Company agreed to issue indemnity
to Topaz and its related parties against any and all past, present
and future claims or court actions in relation to Seller's good
faith and legally taken actions during its participation in Kyran.

A copy of the Loan Agreement is available for free at:

                         http://is.gd/jwLbQg

                        About Caspian Services

Headquartered in Salt Lake City, Caspian Services, Inc., was
incorporated under the laws of the state of Nevada on July 14,
1998.  Since February 2002 the Company has concentrated its
business efforts to provide diversified oilfield services to the
oil and gas industry in western Kazakhstan and the Caspian Sea,
including providing a fleet of vessels, onshore, transition zone
and marine seismic data acquisition and processing services and a
marine supply and support base in the port of Bautino, in Bautino
Bay, Kazakhstan.

Caspian Services incurred a net loss of $11.82 million on $33.08
million of total revenues for the year ended Sept. 30, 2013, as
compared with a net loss of $15.95 million on $24.74 million of
total revenues during the prior fiscal year.

Haynie & Company, P.C., in Salt Lake City, Utah, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Sept. 30, 2013.  The independent auditors noted
that a Company creditor has indicated that it believes the Company
may be in violation of certain covenants of certain substantial
financing agreements.  The financing agreements have acceleration
right features that, in the event of default, allow for the loan
and accrued interest to become immediately due and payable.  As a
result of this uncertainty, the Company has included the note
payable and all accrued interest as current liabilities at
Sept. 30, 2013.  At Sept. 30, 2013, the Company had negative
working capital of approximately $66,631,000.  Uncertainty as to
the outcome of these factors raises substantial doubt about the
Company's ability to continue as a going concern.

The Company's balance sheet at March 31, 2014, showed $64.67
million in total assets, $90.61 million in total liabilities, and
a stockholders' deficit of $25.94 million.

                        Bankruptcy Warning

To help the Company meet its additional funding obligations to
construct the marine base, in 2008 the Company entered into two
facility agreements pursuant to which the Company received debt
funding of $30,000.  In June and July 2011, Mr. Bakhytbek
Baiseitov (the "Investor") acquired the two facility agreements.
In September 2011 the Company issued the Investor two secured
promissory notes, a Secured Non-Negotiable Promissory Note in the
principal amount of $10,800 and a Secured Convertible Consolidated
Promissory Note in the principal amount of $24,446 in connection
with restructuring the facility agreements.

During December 2012 the Company, the European Bank for
Reconstruction and Development and the Investor outlined the terms
of a potential restructuring of the Company's financial
obligations to EBRD and the Investor in a non-binding term sheet.
Throughout the fiscal year the parties have worked to negotiate
definitive agreements pursuant to the terms set out in the Term
Sheet.  Subsequent to the fiscal year end, negotiations between
EBRD, the Investor and the Company to restructure the Company's
financial obligations pursuant to the terms of the Term Sheet
stalled and have been discontinued.  However, the Company has
engaged in new discussions with EBRD regarding a possible
restructuring of its financial obligations to EBRD.

"Should EBRD or the Investor determine to accelerate the Company's
repayment obligations to them, the Company currently has
insufficient funds to repay its obligations to EBRD or the
Investor, individually or collectively, and would be forced to
seek other sources of funds to satisfy these obligations.  Given
the Company's current and near-term anticipated operating results,
the difficult credit and equity markets and the Company's current
financial condition, the Company believes it would be very
difficult to obtain new funding to satisfy these obligations.  If
the Company is unable to obtain funding to meet these obligations
EBRD or the Investor could seek any legal remedies available to
them to obtain repayment, including forcing the Company into
bankruptcy, or in the case of the EBRD loan, which is
collateralized by the assets, including the marine base, and bank
accounts of Balykshi and CRE, foreclosure by EBRD on such assets
and bank accounts.  The Company has also agreed to collateralize
the Investor's Notes with non-marine base related assets,"
according to the Company's 2013 Annual Report.


CATASYS INC: Reports $27.4 Million Net Loss in Second Quarter
-------------------------------------------------------------
Catasys, Inc., reported a net loss of $27.44 million on $312,000
of revenues for the three months ended June 30, 2014, compared to
a net loss of $6.47 million on $107,000 of revenues for the same
period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $25.30 million on $511,000 of revenues compared to a net
loss of $3.86 million on $206,000 of revenues for the same period
a year ago.

The Company's balance sheet at June 30, 2014, showed $2.30 million
in total assets, $45.22 million in total liabilities and a $42.91
million total stockholders' deficit.

Rick Anderson, president and COO commented, "During the second
quarter, total enrollment and healthcare services revenue
continued to grow at an accelerated pace, up 80% and 192%,
respectively.  These results helped the Company to complete an
excellent first half of the year, as demonstrated by the percent
change in our deferred revenue, up 55% since December 31, 2013.
This metric is important as a large portion of our fees are
deferred over the term of the 12 month program or until
performance guarantees are achieved."

Mr. Anderson added, "The positive momentum has continued into the
second half of the year, as underscored by one of our largest
customers expanding to the offering to include its commercial
population in Florida.  The impetus behind the increased spending
with Catasys is directly correlated to the program's early results
indicating the ability to save the health plan money.  This
demonstrates the dual opportunity to generate increased revenue
from program expansions, both with existing customers and by
bringing on new clients.  As more and more existing and new
customers realize the return on investment that OnTrak, provides,
we expect our growth to be able to increase substantially, and
profitably, as we add revenue with very little incremental
overhead cost, leveraging our already built out infrastructure.
We are confident that this represents a near term opportunity, as
customers are expanding use of the OnTrak program within 12 months
of launching."

A full-text copy of the press release is available for free at:

                       http://is.gd/XWKr3b

                        About Catasys Inc.

Based in Los Angeles, California, Hythiam, Inc., n/k/a Catasys,
Inc., is a healthcare services management company, providing
through its Catasys(R) subsidiary specialized behavioral health
management services for substance abuse to health plans.

Catasys reported a net loss of $4.67 million on $866,000 of total
revenues for the 12 months ended Dec. 31, 2013, as compared with a
net loss of $11.64 million on $541,000 of total revenues during
the prior year.

Rose, Snyder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has incurred significant operating losses and
negative cash flows from operations during the year ended Dec. 31,
2013.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

                         Bankruptcy Warning

"[W]e currently expend cash at a rate of approximately $500,000
per month, excluding non-current accrued liability payments.  We
also anticipate cash inflow to increase during 2014 as we continue
to service our executed contracts.  We expect our current cash
resources to cover expenses into June 2014; however delays in cash
collections, revenue, or unforeseen expenditures could impact this
estimate.  We are in need of additional capital and while we are
currently in discussions with our existing stockholders regarding
additional financing there is no assurance that additional capital
can be raised in an amount which is sufficient for us or on terms
favorable to us and our stockholders, if at all.  If we do not
obtain additional capital, there is a significant doubt as to
whether we can continue to operate as a going concern and we will
need to curtail or cease operations or seek bankruptcy relief.  If
we discontinue operations, we may not have sufficient funds to pay
any amounts to stockholders," the Company stated in the 2013
Annual Report.


CHINA SHIANYUN: Needs More Time to File Form 10-Q
-------------------------------------------------
China Shianyun Group Corp., Ltd., filed with the U.S. Securities
and Exchange Commission a Notification of Late Filing on Form
12b-25 with respect to its quarterly report on Form 10-Q for the
quarter ended June 30, 2014.  The Company offered the following
explanation:

"The Registrant is in the process of preparing its consolidated
financial statements as of and for the three months and six months
ended June 30, 2014.  The process of compiling and disseminating
the information required to be included in its Form 10-Q interim
report for the three and six months ended June 30, 2014, as well
as the completion of the required review of the Registrant's
financial information, could not be completed by August 14, 2014
without incurring undue hardship and expense.  The Registrant
undertakes the responsibility to file such quarterly report no
later than five calendar days after its original due date."

                        About China Shianyun

China Shianyun Group Corp., Ltd, formerly known as China Green
Creative, Inc., develops and distributes consumer goods, including
herbal teas, health liquors, meal replacement products, and cured
meat using ecological breeding methods in China.  The Company is
based in Shenzhen Guandong Province, China.

China Shianyun reported a net loss of $381,508 on $2 million of
revenues for the year ended Dec. 31, 2013, as compared with net
income of $635,873 on $6.87 million of revenues in 2012.  As of
Dec. 31, 2013, the Company had $4.85 million in total assets,
$5.76 million in total liabilities and a $906,622 total
stockholders' deficit.

Albert Wong & Co., in Hong Kong, China, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has a significant accumulated deficits and negative
working capital that raise substantial doubt about the Company's
ability to continue as a going concern.


CODA HOLDINGS: Estate Hits Ex-JV Partner With $14M Clawback Suit
----------------------------------------------------------------
Law360 reported that the bankruptcy estate for defunct electric
carmaker Coda Holdings Inc. lodged an adversary action looking to
recover nearly $14 million in allegedly avoidable transfers to its
China-based joint-venture battery partner, and also lodged a
breach of contract claim against the company.  According to the
report, in a complaint filed in the Delaware bankruptcy court,
John Madden, trustee for the Coda estate's liquidating trust,
claims that Tianjin Lishen Battery Joint Stock Co. Ltd. and
certain affiliates still owe the California-based electric
carmaker.

                        About CODA Holdings

Los Angeles, California-based CODA Energy --
http://www.codaenergy.com-- made an electric auto that was a
commercial failure.  The company marketed the Coda Sedan, which
sold only 100 copies.  It was an electrically powered version of
the Hafei Saibao, made in China.  After bankruptcy, Los Angeles-
based Coda intends to concentrate on making stationery electric-
storage systems.

CODA Holdings, Inc., Coda Energy LLC and three other affiliates
filed for Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No.
13-11153) on May 1, 2013, to enable the Company to complete a
sale, confirm a plan, and emerge from bankruptcy in a stronger
position to execute its new business plan.  The Company expects
the sale process to take 45 days to complete.

FCO MA CODA Holdings LLC, an affiliate of Fortress Investment
Group, is leading a consortium of lenders intending to provide DIP
financing to enable the Company's energy storage business to
remain fully operational during the restructuring process.  The
consortium, or its designee, will also as stalking horse bidder to
acquire the Company post-bankruptcy.  In addition, the Company
will seek to monetize value of its existing automotive business
assets.

CODA disclosed assets of $10 million to $50 million and
liabilities of less than $100 million.  Coda Automotive Inc.,
disclosed $24,950,641 in assets and $95,859,413 in liabilities as
of the Chapter 11 filing.  The Debtors have incurred prepetition a
significant amount of secured indebtedness: secured notes of with
principal in the amount of $59.1 million; term loans in the
principal amount of $12.6 million; and a bridge loan with $665,000
outstanding.  FCO and other bridge loan lenders have "enhanced
priority" over other secured noteholders that did not participate
in the bridge loans, pursuant to the intercreditor agreement.

Jeffrey M. Schlerf, Esq., John H. Strock, Esq., and L. John Bird,
Esq., at Fox Rothschild LLP are the counsel for the Debtors.

CODA's legal advisor in connection with the restructuring is White
& Case LLP.  Emerald Capital Advisors serves as its chief
restructuring officer and restructuring advisor, and Houlihan
Lokey serves as its investment banker for the restructuring.
Sidley Austin LLP is serving as FCO MA CODA Holdings LLC's legal
advisor.  Brent T. Robinson, Esq., at Robinson, Anthon & Tribe
represents the Debtors in their restructuring efforts.

The Committee tapped Brown Rudnick as its counsel and Deloitte
Financial Advisory Services LLP as its financial advisor.

Adoc Holdings, Inc., formerly known as Coda Holdings, Inc., et
al., notified the U.S. Bankruptcy Court for the District of
Delaware that the Effective Date of their Third Amended Chapter 11
Plan of Liquidation occurred on March 5, 2014.


COHAWKIN ROAD: Case Summary & 5 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Cohawkin Road, LLC
        432 S. Evergreen Avenue
        Woodbury Heights, NJ 08097

Case No.: 14-27017

Chapter 11 Petition Date: August 18, 2014

Court: United States Bankruptcy Court
       District of New Jersey (Camden)

Judge: Hon. Andrew B. Altenburg Jr.

Debtor's Counsel: Maureen P. Steady, Esq.
                  MAUREEN P. STEADY, ESQUIRE
                  38 N. Haddon Avenue
                  Haddonfield, NJ 08033
                  Tel: (856) 428-1060
                  Fax: (609) 482-8011
                  Email: msteady@mac.com
                         maureen.steady@gmail.com

Total Assets: $0

Total Liabilities: $1.41 million

The petition was signed by Richard Phalines, managing member.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/njb14-27017.pdf


COMMUNITYONE BANCORP: John Redett Qualified to Serve as Director
----------------------------------------------------------------
John C. Redett, who was elected to the Board of Directors of
CommunityOne Bancorp at the 2014 Annual Meeting of Shareholders,
has now been qualified to serve in that capacity, having received
supervisory non-objection to serve from the Federal Reserve Bank
of Richmond.  Mr. Redett assumed his position effective Aug. 15,
2014.  As disclosed in the Company's definitive Proxy Statement on
Schedule 14A, filed on April 8, 2014, Mr. Redett will serve on the
Strategic Planning Committee and the Compensation and Nominating
Committee of the Board.

Mr. Redett is a managing director of The Carlyle Group, LP, and is
the director designated by Carlyle to serve on the Company's Board
pursuant to Section 3.5(b) of the Investment Agreement, dated as
of April 26, 2011, between the Company and Carlyle.

                        About CommunityOne

CommunityOne Bancorp (formerly FNB United) is the North Carolina-
based bank holding company for CommunityOne Bank, N.A.
(community1.com), which offers a full range of consumer, mortgage
and business banking services, including loan, deposit, cash
management, wealth and online banking services through 55 branches
in 44 communities throughout the central, southern and western
regions of the state.

CommunityOne Bancorp incurred a net loss of $1.48 million in 2013,
a net loss of $40 million in 2012, and a $137.31 million net loss
in 2011.


CRUNCHIES FOOD: Files Bare-Bones Chapter 11 Petition
----------------------------------------------------
Crunchies Food Company, LLC, sought bankruptcy protection without
stating a reason.

Westlake Village, California-based Crunchies estimated $10 million
to $50 million in assets and debt.

According to the docket, the schedules of assets and liabilities,
the statement of financial affairs, and other incomplete filings
are due Aug. 29, 2014.

Crunchies filed a Chapter 11 bankruptcy petition (Bankr. C.D. Cal.
Case No. 14-bk-11776) in Santa Barbara, California, on Aug. 15,
2014.  The case is assigned to Judge Peter Carroll.

The Debtor has tapped David L. Neale, Esq., at Levene Neale Bender
Rankin & Brill LLP, in Los Angeles, serves as counsel.  For its
legal services, the firm has agreed to accept $50,000.


CUBIC ENERGY: Chief Financial Officer Resigns
---------------------------------------------
Scott M. Pinsonnault, the chief financial officer and senior vice
president of Cubic Energy, Inc., resigned on Aug. 12, 2014.  The
Company and Mr. Pinsonnault agreed that his resignation would be
effective immediately.

Larry G. Badgley, the Company's former chief financial officer and
current vice president -- finance and compliance, has been
reappointed as the Company's chief financial officer,
contemporaneously with Mr. Pinsonnault's resignation.  In
connection with that appointment, Mr. Badgley's base salary has
been increased to $250,000, on an annual basis.

Mr. Badgley, age 57, joined the Company in August 2008, as a
consultant, and was appointed chief financial officer in October
2008.  He served in that capacity until March 2014, when he was
named the Company's vice president - Finance and Compliance.
Prior to joining the Company, from October 2005 through September
2006, Mr. Badgley served as managing director of BridgePoint
Consulting, a provider of CFO services to venture capital-backed
and early stage companies.  In that capacity, Mr. Badgley was
primarily responsible for strategic planning for growth companies.
From July 1998 through October 2005, Mr. Badgley served as
Director of Accounting and Finance for Jefferson Wells
International, an international professional services firm.  Prior
to that time, Mr. Badgley served as chief operating officer and
Chief Financial Officer of a privately held national sign
manufacturer until its sale in July 1998.  Mr. Badgley received a
BBA in Finance from Hardin-Simmons University and is a Certified
Public Accountant.

                         About Cubic Energy

Cubic Energy, Inc., headquartered in Dallas, Texas, is an
independent upstream energy company engaged in the development and
production of, and exploration for, crude oil and natural gas.
Its oil and gas assets and activities are concentrated in
Louisiana.

Cubic Energy incurred a net loss of $5.93 million for the year
ended June 30, 2013, as compared with a net loss of $12.49 million
for the year ended June 30, 2012, and a net loss of $10.28 million
for the year ended June 30, 2011.

As of March 31, 2014, the Company had $134.14 million in total
assets, $141.96 million in total liabilities, $988 in
redeemable common stock and a $7.81 million total stockholders'
deficit.


DAEHAN SHIPBUILDING: Bankrupt Korean Shipbuilder Files in U.S.
--------------------------------------------------------------
Korean shipbuilder Daehan Shipbuilding Co., Ltd., filed a Chapter
15 bankruptcy petition in Manhattan to seek U.S. recognition of
rehabilitation proceedings in Korea.

The Company wants to enjoin lawsuits against it in the U.S. while
it works on its rehabilitation plan in its hometown.  The company,
which is estimated to have less than US$500 million in assets and
US$500 million to US$1 billion in debt, is facing a $54 million
lawsuit from Rimpacific Navigation Inc. and Wonder Enterprises
Ltd. in New York.

Byung Mo Lee, the custodian, said in a court filing in Manhattan
that recently, the Company suffered from a serious liquidity
crisis due to the economic recession arising from the global
financial crisis in 2008. These issues were compounded by the
financial difficulties of the Company's parent company, Dae Ju
Construction Industry Co., Ltd., during the same timeframe. As a
result, the Company's credit rating plummeted.  This, in turn,
resulted in the cancellation of 22 of the Company's ship building
contracts.  In addition, the Company suffered major losses due to
currency fluctuations following the economic recession. These
losses were made worse by the inflation in the personnel expenses
and distribution costs for shipbuilding.

As a result of its financial difficulties, in May 2009, the
Company filed an application to put it under a debt workout plan.
Notwithstanding this previous Korean bankruptcy proceeding, the
Company has continuously recorded business losses and net losses
since 2011.

On June 27, 2014, the Company applied for rehabilitation under the
Republic of Korea's Debtor Rehabilitation and Bankruptcy Act
(DRBA).  On July 7, 2014, the Korean Bankruptcy Court issued a
commencement order commencing the rehabilitation proceeding of the
Company.

With the filing of the Chapter 15 petition, Daehan Shipbuilding is
seeking recognition of the Korean Bankruptcy Proceeding as a
"foreign main proceeding".  It also seeks an order staying the
commencement or continuation of any action or proceeding against
the Company in the U.S.

Michael B. Schaedle, Esq., at Blank Rome LLP, U.S. counsel of the
Debtor, avers that given the limited assets the Company has in the
United States, it is unclear why the plaintiffs would continue to
prosecute the NY Action, other than in an attempt to seek
circumvent the limitations set forth in the DRBA and the Company's
Korean Bankruptcy Proceeding.

Accordingly, the Debtor has filed an ex parte application for
provisional relief pending recognition of a foreign main
proceeding.  It wants the U.S. bankruptcy court to enter an order
to show cause with temporary restraining order: (i) prohibiting
the commencement or continuation of proceedings against the
Company or its property currently within (or which may come into)
the territorial jurisdiction of the United States, and (ii)
scheduling a hearing on the Company's request for a preliminary
injunction order.

                           U.S. Lawsuit

On March 3, 2014, Rimpacific Navigation Inc. and Wonder
Enterprises Ltd. filed a petition for recognition of foreign
judgments against the Company in the Supreme Court of the State of
New York, County of New York (Index No. 650686/2014).  The
petition seeks the entry of an order recognizing and enforcing an
English judgment rendered in favor of Rimpacific and Wonder and
against the Company, and the entry of a judgment against the
Company of not less than US$54,538,682.

On April 16, 2014, the Company filed an answer to the Petition and
asserted various defenses, including: (i) failure to state a
claim; (ii) insufficient service of process; (iii) the foreign
judgments do not have res judicata effect; and (iv) the English
Court lacked jurisdiction, service of process in that proceeding
was invalid, notice was insufficient and the underlying guarantees
are invalid and repugnant to public policy.

On July 24, 2014, Rimpacific and Wonder filed a motion for summary
judgment in support of their petition for recognition of foreign
judgments.

By agreement between Rimpacific, Wonder and the Company, the
latter's response to the motion for summary judgment was due on
Aug. 20, 2014.

                     About Daehan Shipbuilding

Based in Haenam-gun, Jeollanam-do, Korea, Daehan Shipbuilding Co.,
Ltd., is engaged in the shipbuilding and repair business.

On June 27, 2014, Daehan Shipbuilding applied for rehabilitation
before the 4th Bankruptcy Division of the Seoul Central District
Court.  Byung Mo Lee, as existing chief executive officer of the
Company, assumed the role of the custodian and "foreign
representative" of the company.

Mr. Lee filed a Chapter 15 bankruptcy petition in Manhattan, in
the United States (Bankr. S.D.N.Y. Case No. 14-12391) on Aug. 18,
2014, to seek recognition of the Korean rehabilitation
proceedings.

Judge Sean H. Lane is assigned to the U.S. case.  The Debtor has
tapped Michael B. Schaedle, Esq., at Blank Rome LLP, as counsel.


DAEHAN SHIPBUILDING: Chapter 15 Case Summary
--------------------------------------------
Chapter 15 Petitioner: Byung Mo Lee

Chapter 15 Debtor: Daehan Shipbuilding Co., Ltd.
                   Joseonso-gil 498
                   Hwawon-myeon, Haenam-gun
                   Korea

Chapter 15 Case No.: 14-12391

Type of Business: The Company is engaged in the shipbuilding and
                  repair business.

Chapter 15 Petition Date: August 18, 2014

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Judge: Hon. Sean H. Lane

Chapter 15
Petitioner's Counsel: Michael B. Schaedle, Esq.
                      John Kimball, Esq.
                      Thomas Belknap, Esq.
                      Marc E. Richards, Esq.
                      Alan M. Root, Esq.
                      BLANK ROME LLP
                      One Logan Square
                      130 North 18th Street
                      Philadelphia, PA 19103
                      Tel: 215-569-5762
                      Fax: 215-832-5762
                      Email: schaedle@blankrome.com
                             JKimball@BlankRome.com
                             TBelknap@BlankRome.com
                             MRichards@BlankRome.com
                             Root@BlankRome.com

Estimated Assets: $100 million to $500 million

Estimated Liabilities: $500 million to $1 billion


DEALMAKERS CONSULTANTS: Voluntary Chapter 11 Case Summary
---------------------------------------------------------
Debtor: DealMakers Consultants Inc
        4227 Don Ortega Pl
        Los Angeles, CA 90008

Case No.: 14-25826

Chapter 11 Petition Date: August 18, 2014

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Robert N. Kwan

Debtor's Counsel: Casey B. Yim, Esq.
                  MURCHISON & CUMMING LLP
                  18201 Von Karman Ave Se 1100
                  Irvine, CA 92612
                  Tel: 714-972-9977
                  Fax: 714-972-1404
                  Email: cyim@murchisonlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Glen Quilter, president.

The Debtor did not file a list of its largest unsecured creditors
when it filed the petition.


DETROIT, MI: First Witness Testifies at Plan Trial
--------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News, and
Sherry Toub, a Bloomberg News reporter, said that although the
trial on Detroit's debt-adjustment plan doesn't begin until Aug.
29, an economist who will be unavailable at that time testified in
court on Aug. 18, defending the city's 10-year revenue model.

Steven Church, writing for Bloomberg News, reported that Robert
Cline, an economist hired to create 10-year and 40-year revenue
forecasts for the city's bankruptcy-exit plan, testified that he
factored in long-term population declines and weak job growth in
estimating future tax collections.  Mr. Church said Syncora
Guarantee Inc. questioned Cline's work, saying it assumed the city
couldn't raise tax rates or find new ways to increase revenue that
could be used to pay creditors.

                  About City of Detroit, Michigan

The City of Detroit, Michigan, weighed down by more than
$18 billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit listed
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by
lawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The City's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

The Hon. Steven Rhodes oversees the bankruptcy case.  Detroit is
represented by David G. Heiman, Esq., and Heather Lennox, Esq., at
Jones Day, in Cleveland, Ohio; Bruce Bennett, Esq., at Jones Day,
in Los Angeles, California; and Jonathan S. Green, Esq., and
Stephen S. LaPlante, Esq., at Miller Canfield Paddock and Stone
PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.

A nine-member official committee of retired workers was appointed
in the case.  The Retirees' Committee is represented by Dentons US
LLP.  Lazard Freres & Co. LLC serves as the Retiree Committee's
financial advisor.


DOLPHIN DIGITAL: Incurs $2.5 Million Net Loss in 2013
-----------------------------------------------------
Dolphin Digital Media, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K reporting
a net loss of $2.46 million on $2.29 million of total revenue for
the year ended Dec. 31, 2013, compared to a net loss of $3.38
million on $3.86 million of total revenue for the year ended
Dec. 31, 2012.

As of Dec. 31, 2013, the Company had $1.61 million in total
assets, $8.52 million in total liabilities, all current, and a
$6.91 million total stockholders' deficit.

As of Dec. 31, 2013, and 2012 the Company had cash of $706,641 and
$282,675 and a working capital deficit of $7,733,655 and
$5,477,532 respectively.

Crowe Horwath LLP, in Fort Lauderdale, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has incurred net losses, negative cash flows from
operations and does not have sufficient working capital.  These
events raise substantial doubt about the Company's ability to
continue as a going concern.

A full-text copy of the Form 10-K is available for free at:

                        http://is.gd/acWb2Y

                       About Dolphin Digital

Coral Gables, Florida-based Dolphin Digital Media, Inc., is
dedicated to the twin causes of online safety for children and
high quality digital entertainment.  By creating and managing
child-friendly social networking websites utilizing state-of the-
art fingerprint identification technology, Dolphin Digital Media,
Inc. has taken an industry-leading position with respect to
internet safety, as well as digital entertainment.


DOLPHIN DIGITAL: Delays Filing of Quarterly Reports
---------------------------------------------------
Dolphin Digital notified the Securities and Exchange Commission
that its Form 10-Q could not be filed within the prescribed time
because additional time is required by the Company's management
and auditors to prepare certain financial information to be
included in that report.

The Company's 10-Q for Sept. 30, 2012, March 31, 2013, June 30,
2013, Sept. 30, 2013 and March 31, 2014, as well as the Company's
form 10-K for the years ended Dec. 31, 2012, and 2013 were also
not timely filed.

                       About Dolphin Digital

Coral Gables, Florida-based Dolphin Digital Media, Inc., is
dedicated to the twin causes of online safety for children and
high quality digital entertainment.  By creating and managing
child-friendly social networking websites utilizing state-of the-
art fingerprint identification technology, Dolphin Digital Media,
Inc. has taken an industry-leading position with respect to
internet safety, as well as digital entertainment.


EAGLE BULK: Limited Claims Bar Date Set for Sept. 2
---------------------------------------------------
In the Chapter 11 case of Eagle Bulk Shipping Inc., the Bankruptcy
Court for the Southern District of New York established a limited
general bar date of Sept. 2, 2014, within which a limited group of
holders of claims or equity interests must file proofs of claim:

     -- arising from the rescission of a purchase or sale of a
security of the Debtor;

     -- for damages arising from the purchase or sale of a
security; or

     -- for reimbursement or contribution allowed under Sec. 502
of the Bankruptcy Code on account of that claim.

The Court also established Feb. 2, 2015, as the deadline for
governmental units holding claims under Sec. 510(b) of the
Bankruptcy Code to file proofs of claim.

                     About Eagle Bulk Shipping

With headquarters in New York, Eagle Bulk Shipping Inc. (Nasdaq:
EGLE) provides ocean-borne transportation services for a broad
range of major and minor "dry bulk" cargoes, including iron ore,
coal, grain, cement, and fertilizer, along worldwide shipping
routes.  Each of Eagle's 45 vessels is flagged in the Marshall
Islands and owned by a separate wholly-owned subsidiary organized
as a limited liability company under the Marshall Islands.

On Aug. 6, 2014, Eagle Bulk entered into a restructuring support
agreement with certain of its lenders regarding the terms of a
balance sheet restructuring that will reduce debt by $975 million.

To implement the restructuring, Eagle Bulk, the parent company,
commenced a voluntary "prepackaged" chapter 11 case (Bankr.
S.D.N.Y. Case No. No. 14-12303).  The case has been assigned to
the Honorable Sean H. Lane.  The Chapter 11 filing does not
include any of Eagle Bulk's operating or management subsidiaries.

The Company estimated $850 million to $950 million in assets and
debt of $1.21 billion as of the Petition Date.

The Company has tapped Tyson M. Lomazow, Esq., and Matthew Brod,
Esq., at Milbank, Tweed, Hadley & McCloy LLP as general bankruptcy
counsel, Moelis & Company as financial advisor and investment
banking advisor, Alvarez & Marsal as restructuring advisors, and
PricewaterhouseCoopers LLP as its accountant and auditor.  Eagle
Bulk's noticing agent is Kurtzman Carson Consultants.

Wilmington Trust (London) Limited, solely in its capacity as
successor agent and security trustee under a 2012 credit
agreement, is represented by Andrew Rosenberg, Esq., at Paul Weiss
Rifkind Wharton & Garrison LLP.


ELBIT IMAGING: Shareholders Approve 1-for-20 Reverse Stock Split
----------------------------------------------------------------
Elbit Imaging Ltd. said that at its annual general meeting of
shareholders held on Aug. 14, 2014, the Company's shareholders
approved all of the proposals on the agenda, including
authorization to effect a reverse share split.

Accordingly, the previously announced one-for-twenty reverse split
of the Company's ordinary shares will become effective at 5:00
p.m. (New York time) on Thursday, Aug. 21, 2014, such that the
shares will start trading on a reverse split-adjusted basis upon
the open of trading on the NASDAQ Global Select Market on Friday,
Aug. 22, 2014, and upon the open of trading on the Tel Aviv Stock
Exchange on Sunday, Aug. 24, 2014.

The reverse share split is intended to increase the per share
trading price of the Company's ordinary shares to satisfy the
$1.00 minimum bid price requirement for continued listing on the
NASDAQ Global Select Market.  As a result of the reverse stock
split, every 20 ordinary shares issued and outstanding at the
effective time will automatically be combined into one issued and
outstanding ordinary share.  In lieu of issuing fractional shares,
any fractional share that would have resulted from the reverse
share split will be rounded up or down to the nearest whole share
and a half-share will be rounded up.

Pursuant to the approval of the Company's shareholders, on
Aug. 21, 2014, the Company's Memorandum and Articles of
Association will be amended to reduce the Company's authorized
share capital from 700,000,000 ordinary shares, no par value, to
35,000,000 ordinary shares, no par value.

Shareholders who hold their shares in brokerage accounts or
"street name" will not be required to take any action to effect
the exchange of their shares.  Holders of share certificates will
receive instructions from the company's transfer agent, American
Stock Transfer & Trust Company, LLC, regarding the process for
exchanging their share certificates.

Other proposals at the meeting were:

   1. To re-elect the following members of the Company's Board of
      Directors: Alon Bachar, Eliezer Avraham Brender, Ron
      Hadassi, Shlomi Kelsi, Yoav Kfir, Boaz Lifschitz and Nadav
      Livni;

   2. To approve for Mr. Ron Hadassi to serve as the Company's
      Chairman of the Board and acting Chief Executive Officer
      until no later than March 31, 2015;

   3. To approve a compensation policy for the Company's directors
      and officers;

   4. To approve the compensation for the Company's Chairman, Mr.
      Ron Hadassi;

   5. To approve a Consultancy Agreement with the Company's
      Director, Mr. Boaz Lifschitz;

   6. To approve compensation for the Company's non-external
      directors; and

   7. To re-appoint Brightman Almagor Zohar & Co., a member of
      Deloitte, as the Company's independent auditors until the
      next annual general meeting of shareholders.

                      About Elbit Imaging Ltd.

Tel-Aviv, Israel-based Elbit Imaging Ltd. (TASE, NASDAQ: EMITF)
hold investments in real estate and medical companies.  The
Company, through its subsidiaries, also develops shopping and
entertainment centers in Central Europe and invests in and manages
hotels.

Since February 2013, Elbit has intensively endeavored to come to
an arrangement with its creditors.  Elbit has said it has been
hanging by a thread for more than five months.  It has encountered
cash flow difficulties and this burdens its day to day activities,
and it certainly cannot make the necessary investments to improve
its assets.  In light of the arrangement proceedings, and
according to the demands of most of the bondholders, as well as an
agreement that was signed on March 19, 2013, between Elbit and the
Trustees of six out of eight series of bonds, Elbit is prohibited,
inter alia, from paying off its debts to the financial creditors -
- and as a result a petition to liquidate Elbit was filed, and
Bank Hapoalim has declared its debts immediately payable,
threatening to realize pledges that were given to the Bank on
material assets of the Company -- and Elbit undertook not to sell
material assets of the Company and not to perform any transaction
that is not during its ordinary course of business without giving
an advance notice to the trustees.

Accountant Rony Elroy has been appointed as expert for examining
the debt arrangement in the Company.

In July 2013, Elbit Imaging's controlling shareholders, Europe-
Israel MMS Ltd. and Mr. Mordechay Zisser, notified the Company
that the Tel Aviv District Court has appointed Adv. Giroa Erdinast
as a receiver with regards to the ordinary shares of the Company
held by Europe Israel securing Europe Israel's obligations under
its loan agreement with Bank Hapoalim B.M.  The judgment stated
that the Receiver is not authorized to sell the Company's shares
at this stage.  Following a request of Europe-Israel, the Court
also delayed any action to be taken with regards to the sale of
those shares for a period of 60 days.  Europe Israel and
Mr. Zisser have also notified the Company that they utterly reject
the Bank's claims and intend to appeal the Court's ruling.

Elbit Imaging reported a loss of NIS1.56 billion on
NIS360.59 million of total revenues for the year ended Dec. 31,
2013, as compared with a loss of NIS483.98 million on NIS418.48
million of total revenues in 2012.  The Company's balance sheet at
Dec. 31, 2013, showed NIS4.56 billion in total assets, NIS4.97
billion in total liabilities and a NIS408.63 million shareholders'
deficit.

Brightman Almagor Zohar & Co., a member firm of Deloitte Touche
Tohmatsu, in Tel-Aviv, Israel, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.


ELEPHANT TALK: Reports $6.9 Million of Revenue in 2nd Quarter
-------------------------------------------------------------
Elephant Talk Communications Corp. reported a net loss of
$4.61 million on $6.91 million of revenues for the three months
ended June 30, 2014, as compared with a net loss of $7.69 million
on $4.99 million of revenues for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $8.73 million on $13.39 million of revenues as compared
with a net loss of $12.83 million on $11.59 million of revenues
for the same period last year.

As of June 30, 2014, the Company had $44.72 million in total
assets, $23.24 million in total liabilities and $21.47 million in
total stockholders' equity.

Mr. Steven van der Velden, Chairman and CEO of Elephant Talk,
stated, "We are pleased with the continued increase in our monthly
recurring mobile and security revenue which drove sequential
growth in our Adjusted EBITDA to approximately $553,000 compared
to a negative $949,000 in the second quarter of 2013.  We now have
over 2.6 million SIMs on our platform and expect our Adjusted
EBITDA to continue to grow as we layer additional SIMs onto our
platform.  We are currently on track with the Iusacell migration,
working to transition the entire SIM database from old legacy
systems in Mexico onto our platform.  Our Software DNA(R)
virtualized platform continues to deliver impressive performance
and reliability, capabilities that will also become more visible
throughout the industry based on our recent global sales
collaboration with HP.  Together with HP's Integrated Home
Subscriber Server technology, we are driving the message that
Mobile Network Operators no longer have to be held captive to
their legacy infrastructure systems."

A full-text copy of the press release is available for free at:

                        http://is.gd/bUmtJT

                         About Elephant Talk

Lutz, Fla.-based Elephant Talk Communications, Inc. (OTC BB: ETAK)
-- http://www.elephanttalk.com/-- is an international provider of
business software and services to the telecommunications and
financial services industry.

Elephant Talk reported a net loss of $22.13 million in 2013, a net
loss of $23.13 million in 2012 and a net loss of $25.31 million in
2011.

At June 30, 2014, the Company had $829,388 of cash and cash
equivalents.

"If the Company is unable to achieve the anticipated revenues or
financing arrangement with its major vendors, the Company will
need to attract further debt or equity financing.  Although the
Company has been succesful in the past in meeting its cash needs,
there can be no assurance that proceeds from additional revenues,
vendor financings or debt and equity financings, where required,
will be received in the required time frames.  If this occurs, the
Company may, therefore, be unable to continue its operations.  As
of December 31, 2013, these conditions raise substantial doubt
about the Company's ability to continue as a going concern.  The
financial statements do not include any adjustments that might
result from the outcome of this uncertainty," the Company said in
the Annual Report for the year ended Dec. 31, 2013.


ENERGY FUTURE: Panel Taps Morrison & Foerster as Counsel
--------------------------------------------------------
The Official Committee of Unsecured Creditors of Energy Future
Holdings Corp. and its debtor-affiliates seeks authorization from
the Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware to retain Morrison & Foerster LLP as
counsel to the Committee, effective May 12, 2014.

The Committee requires Morrison & Foerster to:

   (a) advise the Committee in connection with its powers and
       duties under the Bankruptcy Code, the Bankruptcy Rules and
       the Local Rules;

   (b) assist and advise the Committee in its consultation with
       the Debtors relative to the administration of these cases;

   (c) attend meetings and negotiate with the representatives of
       the Debtors and other parties in interest;

   (d) assist and advise the Committee in its examination and
       analysis of the conduct of the Debtors' affairs;

   (e) assist and advise the Committee in connection with any sale
       of the Debtors' assets pursuant to Section 363 of the
       Bankruptcy Code;

   (f) assist the Committee in the review, analysis and
       negotiation of any chapter 11 plans of reorganization or
       liquidation that may be filed and assist the Committee in
       the review, analysis and negotiation of the disclosure
       statement accompanying any such plans;

   (g) take all necessary action to protect and preserve the
       interests of the Committee, including (i) possible
       prosecution of actions on its behalf; (ii) if appropriate,
       negotiations concerning all litigation in which the
       Debtors are involved; and (iii) if appropriate, review and
       analysis of claims filed against the Debtors' estates;

   (h) generally prepare on behalf of the Committee all necessary
       motions, applications, answers, orders, reports, replies,
       responses and papers in support of positions taken by the
       Committee;

   (i) appear, as appropriate, before this Court, the appellate
       courts, and the United States Trustee, and protect the
       interests of the Committee before those courts and before
       the United States Trustee; and

   (j) perform all other necessary legal services in these cases.

Morrison & Foerster will be paid at these hourly rates:

       Partners and Senior counsel       $705-$1,250
       Of Counsel                        $595-$975
       Associates                        $280-$750
       Paraprofessionals                 $185-$410

Morrison & Foerster will also be reimbursed for reasonable out-of-
pocket expenses incurred.

Brett H. Miller, managing partner of Morrison & Foerster, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Morrison & Foerster can be reached at:

       Brett H. Miller, Esq.
       MORRISON & FOERSTER LLP
       250 West 55th Street
       New York, NY 10019-9601
       Tel: (212) 468-8051
       Fax: (212) 468-7900
       E-mail: brettmiller@mofo.com

            About Energy Future Holdings, fka TXU Corp.

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

EFH's legal advisors for the Chapter 11 proceedings are Richard M.
Cieri, Esq., Edward O. Sassower, P.C., Stephen E. Hessler, Esq.,
Brian E. Schartz, Esq., James H.M. Sprayregen, P.C., Chad J.
Husnick, Esq., and Steven N. Serajeddini, Esq., at Kirkland &
Ellis, LLP; and Mark D. Collins, Esq., and Daniel J. DeFranceschi,
Esq., and Jason M. Madron, Esq., at Richards, Layton & Finger,
P.A.  The Debtors also tapped as financial advisor, Evercore
Partners, and as restructuring advisor, Alvarez & Marsal.  Epiq
Systems is the claims agent.

The TCEH first lien lenders supporting the restructuring agreement
are represented by Paul, Weiss, Rifkind, Wharton & Garrison, LLP
as legal advisor, and Millstein & Co., LLC, as financial advisor.
The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.


ENERGY FUTURE: Creditors' Panel Hires Polsinelli as Co-counsel
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of Energy Future
Holdings Corp. and its debtor-affiliates seeks authorization from
the Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware to retain Polsinelli PC as co-counsel to
the Committee, effective May 13, 2014.

The Committee requires Polsinelli to render, without limitation,
the following:

   (a) in conjunction with co-counsel, providing legal advice with
       respect to the powers and duties available to the
       Creditors' Committee, an official committee appointed under
       section 1102 of the Bankruptcy Code;

   (b) assisting co-counsel in the investigation of the acts,
       conduct, assets, liabilities and financial condition of the
       Debtors, the operation of the Debtors' businesses, and any
       other matter relevant to these cases or to the formulation
       of a plan or plans of reorganization or liquidation;

   (c) assisting co-counsel in preparing on behalf of the
       Creditors' Committee necessary applications, motions,
       complaints, answers, orders, agreements and other legal
       papers;

   (d) reviewing, analyzing and assisting co-counsel in responding
       to all pleadings filed by the Debtors or other parties-in-
       interest in these Cases and appearing in Court to present
       necessary motions, applications and pleadings and to
       otherwise protect the interest of the Creditors' Committee;

   (e) consulting with the Debtors and their professionals, other
       parties-in-interest and their professionals, and the United
       States Trustee concerning the administration of the
       Debtors' respective estates;

   (f) representing the Creditors' Committee in hearings and other
       judicial proceedings;

   (g) advising the Creditors' Committee on practice and procedure
       in the United States Bankruptcy Court for the District of
       Delaware and with respect to the Local Rules and local
       practice; and

   (h) performing all other legal services for the Creditors'
       Committee in connection with these chapter 11 cases.

Polsinelli will be paid at these hourly rates:

       Shareholders                       $300-$1,000
       Associates and Senior Counsel      $200-$400
       Paraprofessionals                  $100-$250
       Christopher A. Ward, shareholder   $620
       Justin K. Edelson, associate       $385
       Shanti M. Katona, associate        $385
       Jarrett K. Vine, associate         $340
       Lindsey M. Suprum, paralegal       $245

Polsinelli will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Christopher A. Ward, shareholder of Polsinelli, assured the Court
that the firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code and does not represent
any interest adverse to the Debtors and their estates.

Polsinelli can be reached at:

       Christopher A. Ward, Esq.
       POLSINELLI PC
       222 Delaware Avenue, Suite 1101
       Wilmington, DE 19801
       Tel: (302) 252-0922
       Fax: (302) 252-0921
       E-mail: CWard@Polsinelli.com

            About Energy Future Holdings, fka TXU Corp.

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

EFH's legal advisors for the Chapter 11 proceedings are Richard M.
Cieri, Esq., Edward O. Sassower, P.C., Stephen E. Hessler, Esq.,
Brian E. Schartz, Esq., James H.M. Sprayregen, P.C., Chad J.
Husnick, Esq., and Steven N. Serajeddini, Esq., at Kirkland &
Ellis, LLP; and Mark D. Collins, Esq., and Daniel J. DeFranceschi,
Esq., and Jason M. Madron, Esq., at Richards, Layton & Finger,
P.A.  The Debtors also tapped as financial advisor, Evercore
Partners, and as restructuring advisor, Alvarez & Marsal.  Epiq
Systems is the claims agent.

The TCEH first lien lenders supporting the restructuring agreement
are represented by Paul, Weiss, Rifkind, Wharton & Garrison, LLP
as legal advisor, and Millstein & Co., LLC, as financial advisor.
The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.


ENERGY FUTURE: Creditors' Panel Taps FTI Consulting as Advisor
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of Energy Future
Holdings Corp. and its debtor-affiliates seeks authorization from
the Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware to retain FTI Consulting, Inc. as
financial advisor to the Committee, effective May 19, 2014.

The Committee requires FTI Consulting to:

   (a) assist in the review of financial-related disclosures
       required by the Court, including the Schedules of Assets
       and Liabilities, the Statement of Financial Affairs, and
       Monthly Operating Reports;

   (b) assist with the assessment and monitoring of the Debtors'
       short term cash flow, liquidity, and operating results;

   (c) assist with the review of the Debtors' proposed key
       employee retention and other employee benefit programs;

   (d) assist with the review of the Debtors' long term financial
       projections, including industry outlook and cash generating
       capacity and identification of potential cost savings,
       including overhead and operating expense reductions and
       efficiency improvements;

   (e) assist with the review of the Debtors' cost/benefit
       analysis with respect to the affirmation or rejection of
       various executory contracts and leases;

   (f) assist with the review of the Debtors' corporate structure,
       including analysis of intercompany activities and claims;

   (g) assist with review of any tax issues associated with, but
       not limited to, claims/stock trading, preservation of net
       operating losses, refunds due to the Debtors, plans of
       reorganization, and asset sales;

   (h) assist in the review of the claims reconciliation and
       estimation process;

   (i) attend meetings and assistance in discussions with the
       Debtors, potential investors, banks, other secured lenders,
       the Committee and any other official committees organized
       in these chapter 11 proceedings, the U.S. Trustee, other
       parties in interest and professionals hired by the same, as
       requested;

   (j) assist in the review and preparation of information and
       analysis necessary for the confirmation of a plan and
       related disclosure statement in these chapter 11
       proceedings;

   (k) assist in the evaluation and analysis of avoidance actions,
       including fraudulent conveyances and preferential
       transfers;

   (l) assist in the prosecution of Committee responses/objections
       to the Debtors' motions, including attendance at
       depositions and provision of expert reports/testimony on
       case issues as required by the Committee; and

   (m) render such other general business consulting or such other
       assistance as the Committee or its counsel may deem
       necessary that are consistent with the role of a financial
       advisor and not duplicative of services provided by other
       professionals in this proceeding.

FTI Consulting will be paid at these hourly rates:

       Senior Managing Directors         $800-$925
       Directors/Managing Directors      $580-$765
       Consultants/Senior Consultants    $300-$550
       Administrative/Paraprofessionals/
       Associates                        $125-$250

FTI Consulting will also be reimbursed for reasonable out-of-
pocket expenses incurred.

Steven Simms, senior managing director of FTI Consulting, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

FTI Consulting can be reached at:

       Steven D. Simms
       FTI CONSULTING, INC.
       Three Times Square, 11th Floor
       New York, NY 10036
       Tel: +1 (212) 247-1010
       Fax: +1 (212) 841-9350
       E-mail: steven.simms@fticonsulting.com

            About Energy Future Holdings, fka TXU Corp.

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

EFH's legal advisors for the Chapter 11 proceedings are Richard M.
Cieri, Esq., Edward O. Sassower, P.C., Stephen E. Hessler, Esq.,
Brian E. Schartz, Esq., James H.M. Sprayregen, P.C., Chad J.
Husnick, Esq., and Steven N. Serajeddini, Esq., at Kirkland &
Ellis, LLP; and Mark D. Collins, Esq., and Daniel J. DeFranceschi,
Esq., and Jason M. Madron, Esq., at Richards, Layton & Finger,
P.A.  The Debtors also tapped as financial advisor, Evercore
Partners, and as restructuring advisor, Alvarez & Marsal.  Epiq
Systems is the claims agent.

The TCEH first lien lenders supporting the restructuring agreement
are represented by Paul, Weiss, Rifkind, Wharton & Garrison, LLP
as legal advisor, and Millstein & Co., LLC, as financial advisor.
The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.


ENERGY FUTURE: Creditors' Panel Taps Lazard as Investment Banker
----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Energy Future
Holdings Corp. and its debtor-affiliates seeks authorization from
the Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware to retain Lazard Freres & Co. LLC as
investment banker to the Committee, effective May 14, 2014.

The Committee requires Lazard to:

   (a) review and analyze the business, operations, liquidity,
       assets and liabilities, financial condition and prospects
       of the Company;

   (b) review and analyze the Company's business plan;

   (c) evaluate the Company's debt capacity in light of its
       projected cash flows;

   (d) review and provide an analysis of any proposed capital
       structure for the Company;

   (e) review and provide an analysis of any valuation of the
       Company or its assets;

   (f) advise and attend meetings of the Committee as well as
       meetings with the Company or other third parties as
       appropriate in connection with the matters set forth
       herein;

   (g) advise and assist the Committee in evaluating the financial
       aspects of any potential DIP loans or other financing by
       the Company;

   (h) review, analyze and advise the Committee with respect to
       the existing debt structures of the Company, and potential
       refinancing alternatives for existing secured debt;

   (i) advise and assist the Committee in analyzing strategic
       alternatives potentially available to the Company;

   (j) review and provide an analysis of any restructuring plan
       proposed by any party;

   (k) review and provide an analysis of any new securities, other
       consideration or other inducements to be offered and issued
       under the Plan or otherwise;

   (l) assist the Committee and participate in negotiations with
       the Company;

   (m) provide testimony, as necessary, with respect to matters on
       which we have been engaged to advise the Committee in any
       proceeding before the Court; and

   (n) provide such other financial advisory services as the
       Committee may from time to time reasonably request and
       which are customarily provided by financial advisors in
       similar situations.

Subject to the Court's approval and, except as otherwise modified
or by order of the Court, the Committee seeks the following
consideration for Lazard's services pursuant to, and as further
explained in, the Engagement Letter:

   -- Monthly Fee:

      * The Debtors shall pay Lazard a monthly fee of $250,000 for
        each month of Lazard's engagement hereunder, payable in
        accordance with this Court's orders.  The Monthly Fee for
        the month of May 2014 shall be payable pro-rated such that
        Lazard will not be paid for the first 13 days of the
        month; and

      * 50% of all Monthly Fees paid in respect of any month
        commencing with the month of February 2015 shall be
        credited against any Contingent Fee.  For the avoidance of
        doubt, if the Contingent Fee is not payable, there shall
        be no crediting of the Monthly Fees.

   -- Restructuring Fee.  The Debtors shall pay Lazard a fee (the
      "Restructuring Fee"), payable upon consummation of any
      Restructuring of $10,000,000.

   -- Contingent Fee.  The Debtors shall pay Lazard a fee (the
      "Contingent Fee"), payable upon consummation of any
      Restructuring supported by the Committee, of $3,000,000.

Lazard will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Timothy R. Pohl, managing director at Lazard, assured the Court
that the firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code and does not represent
any interest adverse to the Debtors and their estates.

Lazard can be reached at:

       Timothy R. Pohl
       LAZARD FRERES & CO. LLC
       30 Rockefeller Plaza
       New York, NY 10112
       Tel: +1 (212) 632-6000

            About Energy Future Holdings, fka TXU Corp.

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

EFH's legal advisors for the Chapter 11 proceedings are Richard M.
Cieri, Esq., Edward O. Sassower, P.C., Stephen E. Hessler, Esq.,
Brian E. Schartz, Esq., James H.M. Sprayregen, P.C., Chad J.
Husnick, Esq., and Steven N. Serajeddini, Esq., at Kirkland &
Ellis, LLP; and Mark D. Collins, Esq., and Daniel J. DeFranceschi,
Esq., and Jason M. Madron, Esq., at Richards, Layton & Finger,
P.A.  The Debtors also tapped as financial advisor, Evercore
Partners, and as restructuring advisor, Alvarez & Marsal.  Epiq
Systems is the claims agent.

The TCEH first lien lenders supporting the restructuring agreement
are represented by Paul, Weiss, Rifkind, Wharton & Garrison, LLP
as legal advisor, and Millstein & Co., LLC, as financial advisor.
The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.


ENERGY FUTURE: Executive Bonuses May Top $18 Million
----------------------------------------------------
Peg Brickley, writing for The Wall Street Journal, reported that
Energy Future Holdings Corp. is seeking to pay as much as
$18 million or more in bonuses to 26 top executives for keeping
the company on track during this year's struggle through
bankruptcy.  According to the report, citing court papers, Energy
Future said one major program could pay out a maximum of
$15.8 million, if executives hit their top goals.  A second major
program, estimated to cost $2.5 million, provides for quarterly
payments, so the company knows what targets were hit and is able
to estimate the overall payout, the report related.

            About Energy Future Holdings fka TXU Corp.

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY SERVICES: Posts $439,000 Net Income in Third Quarter
-----------------------------------------------------------
Energy Services of America Corporation filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing net income available to common shareholders of
$438,788 on $21.48 million of revenue for the three months ended
June 30, 2014, as compared with net income available to common
shareholders of $2.93 million on $30.69 million of revenue for the
same period last year.

For the nine months ended June 30, 2014, the Company reported net
income available to common shareholders of $661,540 on $60.58
million of revenue as compared with net income available to common
shareholders of $972,848 on $78.42 million of revenue for the same
period in 2013.

As of June 30, 2014, the Company had $35.78 million in total
assets, $19.92 million in total liabilities and $15.85 million in
total stockholders' equity.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/wB7QsU

                       About Energy Services

Huntington, West Virginia-based Energy Services of America
Corporation provides contracting services to America's energy
providers, primarily the gas and electricity providers.

Energy Services posted net income of $3.57 million on $108.82
million of revenue for the year ended Sept. 30, 2013, as compared
with a net loss of $48.52 million on $109.01 million of revenue
during the prior year.

Arnett Foster Toothman PLLC, in Charleston, West Virginia, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Sept. 30, 2013.  The indepdendent
auditors noted that the Company has suffered recurring losses from
operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


EPAZZ INC: Needs More Time to File Form 10-Q Report
---------------------------------------------------
Epazz, Inc., filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the quarter ended
June 30, 2014.  The Company has been unable to complete the
Quarterly Report within the prescribed time because of delays in
completing the preparation of its financial statements and its
management discussion and analysis.

                          About EPAZZ Inc.

Chicago, Ill.-based EPAZZ, Inc., was incorporated in the State of
Illinois on March 23, 2000, to create software to help college
students organize their college information and resources.  The
idea behind the Company was that if the information and resources
provided by colleges and universities was better organized and
targeted toward each individual, the students would encounter a
personal experience with the college or university that could lead
to a lifetime relationship with the institution.  This concept is
already used by business software designed to retain relationships
with clients, employees, vendors and partners.

Epazz reported a net loss of $3.37 million on $750,139 of revenue
for the year ended Dec. 31, 2013, as compared with a net loss of
$1.90 million on $1.19 million of revenue for the year ended Dec.
31, 2012.  The Company's balance sheet at Dec. 31, 2013, showed
$1.08 million in total assets, $2.60 million in total liabilities
and a $1.52 million total stockholders' deficit.

M&K CPAS, PLLC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has an accumulated deficit of $(7,501,994) and a
working capital deficit of $(1,283,338), which raises substantial
doubt about its ability to continue as a going concern.

                        Bankruptcy Warning

The Company said in the 2013 Annual Report that it will need to
raise additional funds to continue to operate as a going concern.

"We cannot be certain that any such financing will be available on
acceptable terms, or at all, and our failure to raise capital when
needed could limit our ability to continue and expand our
business.  We intend to overcome the circumstances that impact our
ability to remain a going concern through a combination of the
commencement of additional revenues, of which there can be no
assurance, with interim cash flow deficiencies being addressed
through additional equity and debt financing.  Our ability to
obtain additional funding for the remainder of the 2014 year and
thereafter will determine our ability to continue as a going
concern.  There can be no assurances that these plans for
additional financing will be successful.  Failure to secure
additional financing in a timely manner to repay our obligations
and supply us sufficient funds to continue our business operations
and on favorable terms if and when needed in the future could have
a material adverse effect on our financial performance, results of
operations and stock price and require us to implement cost
reduction initiatives and curtail operations.  Furthermore,
additional equity financing may be dilutive to the holders of our
common stock, and debt financing, if available, may involve
restrictive covenants, and strategic relationships, if necessary
to raise additional funds, and may require that we relinquish
valuable rights.  In the event that we are unable to repay our
current and long-term obligations as they come due, we could be
forced to curtail or abandon our business operations, and/or file
for bankruptcy protection; the result of which would likely be
that our securities would decline in value and/or become
worthless."


ERF WIRELESS: Needs More Time to File Form 10-Q Report
------------------------------------------------------
ERF Wireless, Inc., filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the quarter ended
June 30, 2014.  The Company said it was unable to file the Form
10-Q within the prescribed time because it requires additional
time to complete Form 10-Q.  The Form 10-Q will be filed within
the extension period.

                         About ERF Wireless

Based in League City, Texas, ERF Wireless, Inc., provides secure,
high-capacity wireless products and services to a broad spectrum
of customers in primarily underserved, rural and suburban parts of
the United States.

ERF Wireless reported a net loss attributable to the Company of
$7.26 million in 2013, a net loss attributable to the Company of
$4.81 million in 2012 and a net loss attributable to the Company
of $3.37 million in 2011.

The Company's balance sheet at March 31, 2014, showed $4.16
million in total assets, $11.97 million in total liabilities and a
$7.80 million total shareholders' deficit.


ERF WIRELESS: Issued 1 Million Common Shares
--------------------------------------------
From July 29, 2014, through Aug. 11, 2014, ERF Wireless, Inc.,
issued 1,020,000 shares of common stock pursuant to Convertible
Promissory Notes.  The Shares were issued at an average of $.052
per share.  The issuance of the Shares constitutes 16.2% of the
Company's issued and outstanding shares based on 6,292,414 shares
issued and outstanding as of July 28, 2014.

                         About ERF Wireless

Based in League City, Texas, ERF Wireless, Inc., provides secure,
high-capacity wireless products and services to a broad spectrum
of customers in primarily underserved, rural and suburban parts of
the United States.

ERF Wireless reported a net loss attributable to the Company of
$7.26 million in 2013, a net loss attributable to the Company of
$4.81 million in 2012 and a net loss attributable to the Company
of $3.37 million in 2011.

The Company's balance sheet at March 31, 2014, showed $4.16
million in total assets, $11.97 million in total liabilities and a
$7.80 million total shareholders' deficit.


ESSAR STEEL: S&P Lowers CCR to 'SD' on Planned Restructuring
------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its long-term
corporate credit rating on Essar Steel Algoma Inc. to 'SD'
(selective default) from 'CCC-'.  At the same time, Standard &
Poor's lowered its issue-level rating on the US$385 million senior
unsecured notes to 'D' (default) from 'C'.  Standard & Poor's also
removed the ratings from CreditWatch, where they were placed with
negative implications June 26.  Finally, Standard & Poor's placed
its 'CCC+' issue-level rating on the company's senior secured
asset-backed loan (ABL) facility and notes on CreditWatch with
developing implications and removed them from CreditWatch with
negative implications to reflect the uncertainty regarding the
timing and outcome of the proposed restructuring on secured
creditors.

"The rating actions reflect Essar's default on its unsecured debt
obligations, and our expectation that the company will continue to
service its secured debt obligations until their eventual
refinancing at par," said Standard & Poor's credit analyst Jarrett
Bilous.

Essar missed the interest payment on its US$385 million unsecured
notes, due July 16, 2015, following a 30-day grace period.  S&P do
not expect the company to pay the interest owed on the unsecured
notes, which is an event of default as per Standard & Poor's
criteria.

The CreditWatch placement reflects the uncertainty regarding the
outcome of the proposed restructuring of Essar on its secured
creditors.  S&P expects the secured ABL and notes will be fully
refinanced upon completion of the proposed unsecured debt
restructuring, concurrent with an equity infusion of up to US$300
million by the parent.  However, there are risks associated with
the completion of the restructuring as contemplated in a timely
manner.  Furthermore, in the event that the secured notes remain
outstanding upon the company's completion of the restructuring,
S&P could notch the issue-level rating up or down depending on the
long-term corporate credit rating and S&P's updated recovery
analysis.


EVERYWARE GLOBAL: Incurs $26.9 Million Net Loss in Second Quarter
-----------------------------------------------------------------
EveryWare Global, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $26.91 million on $99.79 million of total revenues
for the three months ended June 30, 2014, compared to a net loss
of $2.20 million on $100.84 million of total revenues for the same
period a year ago.

For the six months ended June 30, 2014, the Company reported a net
loss of $65.29 million on $194.63 millin of total revenues
compared to a net loss of $2 million on $200.18 million of total
revenues for the same period during the prior year.

As of June 30, 2014, the Company had $274.33 million in total
assets, $400.64 million in total liabilities and a $126.30 million
total stockholders' deficit.

Sam Solomon, chief executive officer of EveryWare stated, "We
resolved our liquidity and covenant issues and right sized our
manufacturing capacity.  Now we are focused on operational
initiatives and providing excellent service to our customers.  Our
operational improvements will take time to produce results, but we
believe they will deliver earnings and cash flow growth over the
long-term.  I look forward to the opportunities ahead."

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/80wdgF

                          About EveryWare

EveryWare Global, Inc. is a global marketer of tabletop and food
preparation products for the consumer and foodservice markets,
with operations in the United States, Canada, Mexico, Latin
America, Europe and Asia.  Its global platform allows it to market
and distribute internationally its total portfolio of products,
including bakeware, beverageware, serveware, storageware,
flatware, dinnerware, crystal, buffetware and hollowware; premium
spirit bottles; cookware; gadgets; candle and floral glass
containers; and other kitchen products, all under a broad
collection of widely-recognized brands.

                            *    *    *

As reported by the TCR on Aug. 6, 2014, Standard & Poor's Ratings
Services raised its corporate credit rating on EveryWare Global
Inc. to 'CCC+' from 'CCC-'.  "The upgrade reflects our view that a
default scenario is less likely as a result of a $20 million
investment from majority owner, Monomoy Capital Partners, in
addition to a waiver received for the covenant default in the
quarter ended March 2014 and the expected covenant default in the
quarter ended June 2014.


EXIDE TECHNOLOGIES: U.S. Trustee Responds to Bid for Equity Panel
-----------------------------------------------------------------
BankruptcyData reported that the U.S. Trustee assigned to the
Exide Technologies case filed with the U.S. Bankruptcy Court a
response to the request for an official committee of equity
security holders.

According to BData, the U.S. Trustee explained that "Equity
committees should not be appointed unless equity holders establish
that (i) there is a substantial likelihood that they will receive
a meaningful distribution in the case under a strict application
of the absolute priority rule, and (ii) they are unable to
represent their interests adequately without an official
committee....Movants assert that there is as much as $600 million
of equity value in the Debtor, but have not yet offered admissible
evidence to support such a valuation....It is not enough for the
Movants to state their conclusion that the Debtor has positive
equity value; they must produce evidence demonstrating a
substantial likelihood of a meaningful distribution to equity
holders after payment in full of all pre-petition and post-
petition creditors. Absent the requisite evidentiary showing, the
estate should not be burdened with the substantial cost of an
equity committee....The Movants have the initial burden of
developing a factual record to demonstrate that the interests of
equity holders are not adequately represented. They have not met
that burden....The Movants have not shown that the interests of
the board of directors and of management are not aligned with the
interests of shareholders. They have failed to demonstrate that
equity is likely to receive a meaningful distribution in this
case, and they have failed to demonstrate that shareholder
interests are not adequately represented. Accordingly, the Motions
should be denied."

                    About Exide Technologies

Headquartered in Princeton, New Jersey, Exide Technologies
(NASDAQ: XIDE) -- http://www.exide.com/-- manufactures and
distributes lead acid batteries and other related electrical
energy storage products.

Exide first sought Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002 and exited bankruptcy two years after.
Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl &
Jones LLP represented the Debtors in their successful
restructuring.

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013.  Exide disclosed $1.89 billion in
assets and $1.14 billion in liabilities as of March 31, 2013.

Exide's international operations were not included in the filing
and will continue their business operations without supervision
from the U.S. courts.

For the new case, Exide has tapped Anthony W. Clark, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, and Pachulski Stang
Ziehl & Jones LLP as counsel; Alvarez & Marsal as financial
advisor; Sitrick and Company Inc. as public relations consultant
and GCG as claims agent.  Schnader Harrison Segal & Lewis LLP was
tapped as special counsel.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel.  Zolfo Cooper, LLC serves as its bankruptcy
consultants and financial advisors.  Geosyntec Consultants was
tapped as environmental consultants to the Committee.

Robert J. Keach of the law firm Bernstein Shur as fee examiner has
been appointed as fee examiner.  He has hired his own firm as
counsel.

                         *     *     *

Exide related in a June 30, 2014 press release that it received a
non-binding proposal for a Plan of Reorganization (POR) from the
Unofficial Committee of Senior Secured Noteholders (UNC).  The UNC
members hold a substantial majority of the Company's Debtor-in-
Possession (DIP) facility term loan and prepetition senior secured
notes.  The UNC proposal contemplates, among other things, an
investment of $300 million in new equity capital backstopped by
certain members of the UNC.  The Debtor says the proposal is
highly constructive and is the likely path it will follow in order
to emerge from chapter 11.


EXIDE TECHNOLOGIES: Taps Akin Gump as Board Counsel
---------------------------------------------------
Exide Technologies seeks authorization from the Hon. Kevin J.
Carey of the U.S. Bankruptcy Court for the District of Delaware to
employ Akin Gump Strauss Hauer & Feld LLP as counsel to the board
of directors, nunc pro tunc to June 1, 2014.

The Debtor requires Akin Gump to assist the Board, as requested,
with respect to a restructuring, recapitalization or
reorganization of all or a portion of the assets and liabilities
of the Company and to perform any and all other legal services as
may be requested by the Board from time to time.  Such services
may also include, at the request of the Board, the provision of
legal services to committees of the Board.

Akin Gump will be paid at these hourly rates:

       Kerry E. Berchem, Partner      $895
       Sarah Link Schultz, Partner    $900
       Steven F. Reich, Partner       $975
       Bruce S. Mendelsohn, Partner   $950
       Ashley R. Beane, Counsel       $700
       Partners                       $615-$1,220
       Senior Counsel and Counsel     $520-$925
       Associates                     $355-$675
       Paraprofessionals              $155-$345

Akin Gump will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Sarah Link Schultz, partner of Akin Gump, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

The Court for the District of Delaware will hold a hearing on the
motion on Aug. 22, 2014, at 10:00 a.m.  Objections were due Aug.
15, 2014.

Akin Gump can be reached at:

       Sarah Link Schultz, Esq.
       AKIN GUMP STRAUSS HAUER & FELD LLP
       One Bryant Park
       New York, NY 10036
       Tel: (212) 872-1000
       Fax: (212) 872-1002

                    About Exide Technologies

Headquartered in Princeton, New Jersey, Exide Technologies
(NASDAQ: XIDE) -- http://www.exide.com/-- manufactures and
distributes lead acid batteries and other related electrical
energy storage products.

Exide first sought Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002 and exited bankruptcy two years after.
Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl &
Jones LLP represented the Debtors in their successful
restructuring.

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013.  Exide disclosed $1.89 billion in
assets and $1.14 billion in liabilities as of March 31, 2013.

Exide's international operations were not included in the filing
and will continue their business operations without supervision
from the U.S. courts.

For the new case, Exide has tapped Anthony W. Clark, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, and Pachulski Stang
Ziehl & Jones LLP as counsel; Alvarez & Marsal as financial
advisor; Sitrick and Company Inc. as public relations consultant
and GCG as claims agent.  Schnader Harrison Segal & Lewis LLP was
tapped as special counsel.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel.  Zolfo Cooper, LLC serves as its bankruptcy
consultants and financial advisors.  Geosyntec Consultants was
tapped as environmental consultants to the Committee.

Robert J. Keach of the law firm Bernstein Shur as fee examiner has
been appointed as fee examiner.  He has hired his own firm as
counsel.

                         *     *     *

Exide related in a June 30, 2014 press release that it received a
non-binding proposal for a Plan of Reorganization (POR) from the
Unofficial Committee of Senior Secured Noteholders (UNC).  The UNC
members hold a substantial majority of the Company's Debtor-in-
Possession (DIP) facility term loan and prepetition senior secured
notes.  The UNC proposal contemplates, among other things, an
investment of $300 million in new equity capital backstopped by
certain members of the UNC.  The Debtor says the proposal is
highly constructive and is the likely path it will follow in order
to emerge from chapter 11.


EXIDE TECHNOLOGIES: Execs Can't Escape Suit Over Enviro Issues
--------------------------------------------------------------
Law360 reported that executives of bankrupt automotive and
industrial battery maker Exide Technologies Inc. can't dismiss a
putative investor class action alleging the company misled
investors about its failure to comply with environmental
regulations, a California federal judge ruled.  According to the
report, while their first amended complaint had been dismissed for
lack of specificity, the plaintiffs -- Exide shareholders and
senior noteholders -- had adequately alleged in their second
amended complaint that the defendants had made materially false or
misleading statements regarding the company's environmental
compliance.

The case is David M Loritz v. Exide Technologies et al., Case No.
2:13-cv-02607 (C.D. Calif.).

                    About Exide Technologies

Headquartered in Princeton, New Jersey, Exide Technologies
(NASDAQ: XIDE) -- http://www.exide.com/-- manufactures and
distributes lead acid batteries and other related electrical
energy storage products.

Exide first sought Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002 and exited bankruptcy two years after.
Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl &
Jones LLP represented the Debtors in their successful
restructuring.

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013.  Exide disclosed $1.89 billion in
assets and $1.14 billion in liabilities as of March 31, 2013.

Exide's international operations were not included in the filing
and will continue their business operations without supervision
from the U.S. courts.

For the new case, Exide has tapped Anthony W. Clark, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, and Pachulski Stang
Ziehl & Jones LLP as counsel; Alvarez & Marsal as financial
advisor; Sitrick and Company Inc. as public relations consultant
and GCG as claims agent.  Schnader Harrison Segal & Lewis LLP was
tapped as special counsel.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel.  Zolfo Cooper, LLC serves as its bankruptcy
consultants and financial advisors.  Geosyntec Consultants was
tapped as environmental consultants to the Committee.

Robert J. Keach of the law firm Bernstein Shur as fee examiner has
been appointed as fee examiner.  He has hired his own firm as
counsel.

                         *     *     *

Exide related in a June 30, 2014 press release that it received a
non-binding proposal for a Plan of Reorganization (POR) from the
Unofficial Committee of Senior Secured Noteholders (UNC).  The UNC
members hold a substantial majority of the Company's Debtor-in-
Possession (DIP) facility term loan and prepetition senior secured
notes.  The UNC proposal contemplates, among other things, an
investment of $300 million in new equity capital backstopped by
certain members of the UNC.  The Debtor says the proposal is
highly constructive and is the likely path it will follow in order
to emerge from chapter 11.


FOREVER GREEN: Dismissal of Involuntary Petition Affirmed
---------------------------------------------------------
District Judge Stewart Dalzell affirmed a Bankruptcy Court
decision dismissing an involuntary petition against Forever Green
Athletic Fields, Inc. based solely on that Court's finding that a
petitioning creditor impermissibly used the involuntary petition
as a litigation tactic and thus acted in bad faith.

On April 20, 2012, Charles Dawson, his wife Kelli L. Dawson, and
the law firm Cohen, Seglias, Pallas, Greenhall & Furman, PC filed
an involuntary petition under Chapter 11 of the Bankruptcy Code,
11 U.S.C. Sec. 101 et seq., against Forever Green, which markets
artificial turf for athletic fields.  The Dawsons have a
$306,006.24 Consent Judgment against Forever Green dated April 5,
2011 as a result of litigation in Louisiana.  Cohen Seglias has a
$206,126.00 judgment against Forever Green entered by the Court of
Common Pleas of Philadelphia County, about which the Bankruptcy
Court stated "[n]o additional information has been provided."

On Nov. 1, 2013, after a two-day hearing and the parties' post-
hearing briefing, Judge Magdeline D. Coleman of the United States
Bankruptcy Court for the Eastern District of Pennsylvania found by
a preponderance of the evidence that Charles Dawson filed the
involuntary petition "in furtherance of an improper bankruptcy
purpose."  She held that the record showed the litigation to be
the "latest tactic employed by Mr. Dawson to frustrate Forever
Green's attempts to litigate its claims against him and the
entities he owns."  The Court held that "[a]fter due deliberation
and for sufficient cause[,] . . . Mr. Dawson was not motivated by
a proper bankruptcy purpose," and granted the Putative Debtor's
motion to dismiss on the grounds that the involuntary petition was
a bad-faith filing and an abuse of the bankruptcy court system.

A copy of the District Court's August 13, 2014 Memorandum is
available at http://is.gd/7b34u6from Leagle.com.

The case is, FOREVER GREEN ATHLETIC FIELDS, INC., Putative
Debtor/Appellee v. CHARLES DAWSON, KELLY DAWSON and COHEN SEGLIAS
PALLAS GREENHALL & FURMAN, Petitioning Creditors/Appellants, Civil
Action No. 14-641 (E.D. Pa.).

Forever Green Athletic Fields, Inc., is represented by:

         Aris J. Karalis, Esq.
         Robert W. Seitzer, Esq.
         MASCHMEYER KARALIS, P.C.
         1900 Spruce St
         Philadelphia, PA 19103
         Tel:(215) 546-4500
         E-mail: AKaralis@cmklaw.com
                 RSeitzer@cmklaw.com

The petitioning creditors are represented by:

         Leslie J. Rase, Esq.
         Steven K. Eisenberg, Esq.
         STERN & EISENBERG PC
         1581 Main Street, Suite 200
         Warrington, PA 18976
         Tel: (215) 572-8111
         E-mail: lrase@sterneisenberg.com
                 seisenberg@sterneisenberg.com

Robert H. Holber, the Chapter 7 Trustee, is represented by his own
firm:

         Robert H. Holber, Esq.
         THE LAW OFFICE OF ROBERT H. HOLBER PC
         41 E Front St
         Media, PA 19063
         Tel: (610) 565-5463


FORMER PAYROLL: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Former Payroll Company, Inc.
           fka PayPro, Inc.
        6774 South 1300 East
        Salt Lake City, UT 84121

Case No.: 14-28633

Chapter 11 Petition Date: August 18, 2014

Court: United States Bankruptcy Court
       District of Utah (Salt Lake City)

Judge: Hon. Kimball Mosier

Debtor's Counsel: Paul James Toscano, Esq.
                  THE LAW OFFICE OF PAUL TOSCANO, P.C.
                  Newhouse Building, Suite 614
                  10 Exchange Place
                  Salt Lake City, UT 84111
                  Tel: (801) 359-1313
                  Email: ptoscano@expresslaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Barbara Iwaniec, corporate secretary.

The Debtor did not file a list of its largest unsecured creditors
when it filed the petition.


FREEDOM INDUSTRIES: Judge Again Limits Fee Payments
---------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that U.S. Bankruptcy Judge Ronald G. Pearson in
Charleston, West Virginia, refused to allow professionals in the
Chapter 11 case of Freedom Industries Inc., to be paid 60 percent
of their fees every month.  According to the report, Judge Pearson
rejected a "mechanism" proposed by attorneys and other
professionals to be paid 60 percent of their monthly fees and 80
percent if there are no objections, saying the "elaborate scheme"
would complicate, limit, and delay the court in passing on fees.
It might also make it more difficult for the court to ensure that
Freedom meets its environmental obligations, which the court finds
to be the "urgent class" of administrative expense, the judge said
in his ruling on Aug. 6, the report related.

                      About Freedom Industries

Freedom Industries Inc., is engaged principally in the business of
producing specialty chemicals for the mining, steel and cement
industries.  The Debtor operates two production facilities located
in (a) Nitro, West Virginia; and (b) Charleston, West Virginia.

The company, connected to a chemical spill that tainted the water
supply in West Virginia, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. W.Va. Case No. 14-bk-20017) on Jan.
17, 2014.  The case is assigned to Judge Ronald G. Pearson.  The
petition was signed by Gary Southern, president.

The Debtor is represented by Mark E Freedlander, Esq., at McGuire
Woods LLP, in Pittsburgh, Pennsylvania; and Stephen L. Thompson,
Esq., at Barth & Thompson, in Charleston, West Virginia.

On Dec. 31, 2013, four companies merged under the umbrella of
Freedom Industries: Freedom Industries Inc., Etowah River Terminal
LLC, Poca Blending LLC and Crete Technologies LLC.

As reported in the Troubled Company Reporter on Feb. 20, 2014,
Kate White, writing for The Charleston Gazette, reported that the
Debtor disclosed $16 million in assets and $6 million in
liabilities when it filed for bankruptcy.

On Feb. 5, 2014, the U.S. Trustee appointed an official committee
of unsecured creditors.  The Committee retained Frost Brown Todd
LLC as counsel.

On March 18, the Bankruptcy Court approved the hiring of Mark
Welch at MorrisAnderson in Chicago as Freedom's chief
restructuring officer.


FREEDOM INDUSTRIES: Files Creditor-Payment Plan
-----------------------------------------------
Joseph Checkler, writing for The Wall Street Journal, reported
that Freedom Industries Inc., the company behind a chemical spill
that contaminated a significant swath of West Virginia's water
supply, filed a creditor-payment plan that aims to start resolving
the claims brought by those affected by the spill.  According to
the report, the plan provides that general unsecured creditors
would receive nearly a dime for every dollar of the approximately
$8.5 million they are owed.

                      About Freedom Industries

Freedom Industries Inc., is engaged principally in the business of
producing specialty chemicals for the mining, steel and cement
industries.  The Debtor operates two production facilities located
in (a) Nitro, West Virginia; and (b) Charleston, West Virginia.

The company, connected to a chemical spill that tainted the water
supply in West Virginia, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. W.Va. Case No. 14-bk-20017) on Jan.
17, 2014.  The case is assigned to Judge Ronald G. Pearson.  The
petition was signed by Gary Southern, president.

The Debtor is represented by Mark E Freedlander, Esq., at McGuire
Woods LLP, in Pittsburgh, Pennsylvania; and Stephen L. Thompson,
Esq., at Barth & Thompson, in Charleston, West Virginia.

On Dec. 31, 2013, four companies merged under the umbrella of
Freedom Industries: Freedom Industries Inc., Etowah River Terminal
LLC, Poca Blending LLC and Crete Technologies LLC.

As reported in the Troubled Company Reporter on Feb. 20, 2014,
Kate White, writing for The Charleston Gazette, reported that the
Debtor disclosed $16 million in assets and $6 million in
liabilities when it filed for bankruptcy.

On Feb. 5, 2014, the U.S. Trustee appointed an official committee
of unsecured creditors.  The Committee retained Frost Brown Todd
LLC as counsel.

On March 18, the Bankruptcy Court approved the hiring of Mark
Welch at MorrisAnderson in Chicago as Freedom's chief
restructuring officer.


FULLCIRCLE REGISTRY: Incurs $165,500 Net Loss in 2nd Quarter
------------------------------------------------------------
FullCircle Registry, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $165,510 on $396,029 of revenues for the three
months ended June 30, 2014, compared to a net loss of $179,000 on
$477,043 of revenues for the same period a year ago.

The Company also reported a net loss of $261,019 on $782,172 of
revenues for the six months ended June 30, 2014, compared to a net
loss of $206,984 on $931,344 of revenues for the same period
during the previous year.

As of June 30, 2014, the Company had $5.75 million in total
assets, $6.06 million in total liabilities and a $306,851 total
stockholders' deficit.

Net cash provided by operating activities for the six months ended
June 30, 2014 was $4,418 compared to net cash used by operating
activities for the six months ended June 30, 2013 of $4,753.
During the six months ended June 30, 2014, $945 was used for
investments, and $21,173 was provided by financing activities.
For the same period in 2013, $40,113 was used for investments and
$35,713 was provided by financing activities.

A full-text copy of the Form 10-Q is available for free at:

                       http://goo.gl/vLW176

                     About FullCircle Registry

Shelbyville, Kentucky-based FullCircle Registry, Inc., targets the
acquisition of small profitable businesses.  FullCircle Registry,
Inc., has become a holding company with three subsidiaries.  They
are FullCircle Entertainment, Inc., FullCircle Insurance Agency,
Inc. and FullCircle Prescription Services, Inc.  Target companies
for future acquisition are those in search of exit plans for the
owners and are intended to continue autonomous operations as
current ownership is phased out over a period of 3-5 years.

FullCircle Registry reported a net loss of $448,102 on $1.88
million of revenues for the year ended Dec. 31, 2013, as compared
with a net loss of $369,784 on $1.86 million of revenues during
the prior year.

Rodefer Moss & Co., PLLC, in New Albany, Indiana, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that FullCircle has suffered recurring losses from operations and
has a net working capital deficiency that raises substantial doubt
about the company's ability to continue as a going concern.


FUSION TELECOMMUNICATIONS: Hires EisnerAmper as New Accountant
--------------------------------------------------------------
Fusion Telecommunications International, Inc., with the approval
of its audit committee, terminated the engagement of KPMG LLP as
the Company's independent registered public accounting firm.  The
Company's decision to terminate the engagement was based on
uncertainty surrounding the time to complete the review of the
Company's consolidated financial statements for the quarterly
period ended June 30, 2014.

KPMG had been engaged on July 10, 2014, following KPMG's
acquisition of certain assets of Rothstein-Kass, P.A., d/b/a
Rothstein Kass & Company, P.C., and certain of its affiliates.  As
a result of that transaction, on June 30, 2014, Rothstein Kass
resigned as the Company's independent registered public accounting
firm.  Rothstein Kass audited the Company's consolidated financial
statements for the years ended Dec. 31, 2013 and 2012.

KPMG has never issued an audit report or completed a review of the
Company's consolidated financial statements.

The Company said that during the period of KPMG's engagement from
July 10, 2014, through Aug. 12, 2014, there were no disagreements
between the Company and KPMG.

During the period of engagement, the Company engaged in
discussions with KPMG on certain accounting and auditing matters
related to the Company's sales of accounts receivable, accounting
treatment of the Company's preferred stock and warrants and
accounting treatment of a related party note payable.   With the
termination of KPMG as the Company's independent registered public
accounting firm, KPMG was unable to complete their evaluation of
these matters and their review of the Company's consolidated
financial statements for the quarterly period ended June 30, 2014.

On Aug. 12, 2014, the Company, with the approval of its Audit
Committee, engaged EisnerAmper LLP as its new independent
registered public accounting firm.

During the two most recent fiscal years ended Dec. 31, 2013, and
through the subsequent interim period prior to EisnerAmper
becoming the Company's independent registered public accounting
firm, the Company did not consult with EisnerAmper.

                  About Fusion Telecommunications

New York City-based Fusion Telecommunications International, Inc.
(OTC BB: FSNN) is a provider of Internet Protocol ("IP") based
digital voice and data communications services to corporations and
carriers worldwide.

Fusion Telecommunications incurred a net loss applicable to common
stockholders of $5.48 million in 2013, a net loss applicable to
common stockholders of $5.61 million in 2012 and a net loss of
$4.45 million in 2011.  The Company's balance sheet at March 31,
2014, showed $69.69 million in total assets, $58.51 million in
total liabilities and $11.18 million in total stockholders'
equity.


GARCIA TENT: Case Summary & 10 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Garcia Tent Rentals, Inc.
        303 Arvada Ave. NW
        Albuquerque, NM 87102

Case No.: 14-12485

Chapter 11 Petition Date: August 18, 2014

Court: United States Bankruptcy Court
       New Mexico (Albuquerque)

Judge: Hon. David T. Thuma

Debtor's Counsel: Erika Poindexter, Esq.
                  POINDEXTER LAW, LLC
                  118 Wellesly Dr. SE
                  Albuquerque, NM 87106
                  Tel: 505-881-8186
                  Fax: 505-265-1319
                  Email: erika@bkpoindexter.com

Total Assets: $2.08 million

Total Liabilities: $728,935

The petition was signed by Steven Garcia, president.

A list of the Debtor's 10 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb14-13865.pdf


GENIUS BRANDS: Reports $1.1 Million Second Quarter Net Loss
-----------------------------------------------------------
Genius Brands International, Inc., filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $1.14 million on $217,196 of total
revenues for the three months ended June 30, 2014, compared to a
net loss of $543,249 on $622,324 of total revenues for the same
period a year ago.

Net loss for the six months ended June 30, 2014, was $1.99 million
on $393,478 of total revenues compared to a net loss of $1.48
million on $1.35 million of total revenues for the same period
during the prior year.

The Company's balance sheet at June 30, 2014, showed $18.91
million in total assets, $3.46 million in total liabilities and
$15.44 million in total equity.

Cash totaled $5,576,206 at June 30, 2014.

A full-text copy of the Form 10-Q is available for free at:

                       http://goo.gl/wME6QB

                        About Genius Brands

San Diego, Calif.-based Genius Brands International, Inc., creates
and distributes music-based products which it believes are
entertaining, educational and beneficial to the well-being of
infants and young children under its brands, including Baby Genius
and Little Genius.

Genius Brands reported a net loss of $7.21 million in 2013, a net
loss of $2.06 million in 2012 and a net loss of $1.37 million in
2011.


GEOMET INC: Posts $57.7 Million Net Income in Second Quarter
------------------------------------------------------------
Geomet, Inc., reported net income available to common stockholders
of $57.71 million for the quarter ended June 30, 2014, compared to
net income available to common stockholders of $40.46 million for
the same period in 2013.

For the six months ended June 30, 2014, the Company reported net
income available to common stockholders of $57.31 million compared
to net income available to common stockholders of $33.14 million
for the same period a year ago.

As of June 30, 2014, the Company had $27.95 million in total
assets, $3.96 million in total liabilities, $45.90 million in
series A convertible redeemable preferred stock and a $21.92
million stockholders' deficit.

On May 12, 2014, the Company closed the sale of substantially all
of its remaining assets.  As a result of the Asset Sale, the
Company has classified all of the assets related to its gas
properties as Assets related to discontinued operations and all
related liabilities as Liabilities related to discontinued
operations, both in the Condensed Consolidated Balance Sheet
(Unaudited) as of June 30, 2014.  Additionally, the related
operating activities are presented as discontinued operations in
the Condensed Consolidated Statements of Operations (Unaudited)
for the quarter and six months ended June 30, 2014 and 2013.

A full-text copy of the press release is available for free at:

                        http://is.gd/ENWZyc

                         About Geomet Inc.

Houston, Texas-based GeoMet, Inc., is an independent energy
company primarily engaged in the exploration for and development
and production of natural gas from coal seams (coalbed methane)
and non-conventional shallow gas.  Its principal operations and
producing properties are located in the Cahaba and Black Warrior
Basins in Alabama and the central Appalachian Basin in Virginia
and West Virginia.  It also owns additional coalbed methane and
oil and gas development rights, principally in Alabama, Virginia,
West Virginia, and British Columbia.  As of March 31, 2012, it
owns a total of 192,000 net acres of coalbed methane and oil and
gas development rights.

Hein & Associates LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that the
Company has suffered recurring losses from operations and has a
net working capital deficiency that raise substantial doubt about
the Company's ability to continue as a going concern.

                        Bankruptcy Warning

On Feb. 13, 2014, the Company and its wholly-owned subsidiaries,
GeoMet Operating Company, Inc. and GeoMet Gathering Company, LLC,
entered into an asset purchase agreement to sell substantially all
of the Company's remaining assets, comprising coalbed methane
interests and other assets located in the Appalachian Basin in
McDowell, Harrison, Wyoming, Raleigh, Barbour and Taylor Counties,
West Virginia and Buchanan County, Virginia to ARP Mountaineer
Productions, LLC, and a wholly-owned subsidiary of Atlas Resource
Partners, L.P., for a purchase price of $107 million, subject to
various purchase price adjustments.

"If the Asset Sale is not consummated and we are unable to find
another viable purchaser for our assets, we will likely file
bankruptcy as we will have no operating assets to continue the
business," the Company said in the Annual Report for the year
ended Dec. 31, 2013.


HAROLD L. ROSBOTTOM: 5th Circuit Affirms Conviction
---------------------------------------------------
Harold Rosbottom and Ashley Kisla were convicted in federal
district court of various counts of conspiracy, false oath, and
concealment of assets in connection with property of Rosbottom's
that was not disclosed in his bankruptcy proceedings.  They
appeal, alleging various trial and sentencing errors.

"We affirm as to all convictions, sentences, and monetary
penalties," United States Court of Appeals, Fifth Circuit, held in
an Aug. 13 decision written by Circuit Judge Patrick E.
Higginbotham, available at http://is.gd/u5GW7nfrom Leagle.com.

In an 11-count superseding indictment, Rosbottom and Kisla were
charged with various criminal counts arising from Rosbottom's
bankruptcy proceedings. Specifically, the indictment charged both
defendants with conspiracy, in violation of 18 U.S.C. Sec. 371
(Count 1); transfer of assets, in violation of 18 U.S.C. Sec.
152(7) (Count 2); conspiracy to launder money instruments, in
violation of 18 U.S.C. Sec. 1956(h) (Count 8); money laundering,
in violation of 18 U.S.C. Sections 1956(a)(1)(A)(i) and (B)(i)
(Count 9); and concealment of assets, in violation of 18 U.S.C.
Sec. 152(1) (Count 11). The indictment charged Rosbottom
individually with three additional counts of concealment of assets
(Counts 3, 4, and 10) and two counts of false oath and account, in
violation of 18 U.S.C. Sec. 152(2) (Counts 5 and 7). It further
charged Kisla individually with one count of false oath and
account (Count 6). The indictment also sought forfeiture of
$1,677,506, an issue which both parties agreed would be determined
by the district court.

A jury convicted Rosbottom on Counts 1-3, 5, 7-8, and 10-11, and
acquitted him on Counts 4 and 9. Kisla was convicted on Counts 1,
6, and 8, and acquitted on Counts 2, Count 9, and 11.  The court
sentenced Rosbottom to a total term of imprisonment of 120 months:
60 months each for Counts 1, 2, 5, and 10, to run concurrently; 60
months each for Counts 3, 7, and 11, to run concurrently to each
other but consecutively to Counts 1, 2, 5, and 10; and 120 months
for Count 8, to run concurrently. It also sentenced him to three
years of supervised release and $5,353,102 in restitution. Kisla
was sentenced to 60 months of incarceration and three years of
supervised release.

Evidence at trial showed the following. Rosbottom was a self-made
multi-millionaire who owned over a hundred businesses. Co-
defendant Kisla was Rosbottom's employee since 2001 and girlfriend
since 2005. In connection with a divorce proceeding in Texas,
Rosbottom filed an individual voluntary Chapter 11 bankruptcy
petition in the Western District of Louisiana on June 9, 2009. He
thus became a debtor-in-possession and was required to file
statements of financial affairs and be questioned under oath. In
his filings, Rosbottom represented that no property was
transferred within the previous two years and was asked to list
all property being held for him by someone else. Rosbottom did not
disclose, neither in original nor amended filings, a series of
cashier's checks, a boat, a plane, or a private club membership.

On February 18, 2010, the United States trustee, Frances Hewitt,
petitioned for appointment of a Chapter 11 trustee on the grounds
that she discovered a $140,000 deposit that Rosbottom made towards
the purchase of a boat in March 2009. Former Bankruptcy Judge
Gerald Schiff was appointed trustee and took control of
Rosbottom's personal bankrupt estate as well as his businesses.

The case is, UNITED STATES OF AMERICA, Plaintiff-Appellee, v.
HAROLD L. ROSBOTTOM, JR.; ASHLEY C. KISLA, Defendants-Appellants,
No. 13-30071 (5th Cir.).


IDEARC INC: Fifth Circuit Bars Creditors from Jury on Fraud Suit
----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Verizon Communications Inc. won a complete victory
over creditors of former subsidiary Idearc Inc. when the U.S.
Fifth Circuit Court of Appeals in New Orleans upheld judgment from
a federal district judge in Dallas throwing out a $9.8 billion
lawsuit the creditors' trustee initiated almost four years ago.

According to Mr. Rochelle, the opinion is important for two
reasons: (1) In terms of economics, Idearc creditors were told to
expect little from bankruptcy absent victory in suits against
Verizon, the second-largest phone company in the U.S. Idearc had
about $6 billion in unsecured claims; and (2) On the law, the
opinion is important because it tells creditors they likely won't
be entitled to a jury trial when they file fraudulent transfer
suits against creditors who filed claims.

The appeal is U.S. Bank NA v. Verizon Communications Inc., 13-
10752, U.S. Fifth Circuit Court of Appeals (New Orleans).

                       About Idearc Inc.

Headquartered in D/FW Airport, Texas, Idearc, Inc., now known as
SuperMedia Inc., is the second largest U.S. yellow pages
publisher.  Idearc was spun off from Verizon Communications, Inc.

Idearc and its affiliates filed for Chapter 11 protection (Bankr.
N.D. Tex. Lead Case No. 09-31828) on March 31, 2009.  The Debtors'
financial condition as of Dec. 31, 2008, showed total assets of
$1,815,000,000 and total debts of $9,515,000,000.  Toby L. Gerber,
Esq., at Fulbright & Jaworski, LLP, represented the Debtors in
their restructuring efforts.  The Debtors tapped Moelis & Company
as their investment banker; Kurtzman Carson Consultants LLC as
their claims agent.

William T. Neary, the United States Trustee for Region 6,
appointed six creditors to serve on the official committee of
unsecured creditors.  The Committee selected Mark Milbank, Tweed,
Hadley & McCloy LLP, as counsel, and Haynes and Boone, LLP, co-
counsel.

Idearc completed its debt restructuring and its plan of
reorganization became effective as of Dec. 31, 2009.  In
connection with its emergence from bankruptcy, Idearc changed its
name to SuperMedia Inc.  Under its reorganization, Idearc reduced
its total debt from more than $9 billion to $2.75 billion of
secured bank debt.

Less than two years since leaving bankruptcy protection,
SuperMedia remains in quandary.  Early in October 2011, Moody's
Investors Service slashed its corporate family rating for
SuperMedia to Caa1 from B3 prior.  The downgrade reflects Moody's
belief that revenues will continue to decline at a double digit
rate for the foreseeable future, leading to a steady decline in
free cash flow.  SuperMedia's sales were down 17% for the second
quarter of 2011 in a generally improving advertising sector.
Moody's ratings outlook for SuperMedia remains negative.

While SuperMedia is attempting to transition the business away
from its reliance on print advertising through development of
online and mobile directory service applications, Moody's is
increasingly concerned that the company will not be able to make
this change quickly enough to stabilize the revenue base over the
intermediate term. Further, the high fixed cost nature of
SuperMedia's business could lead to steep margin compression,
notwithstanding continued aggressive cost management.


IDERA PHARMACEUTICALS: Incurs $8.3 Million Net Loss in Q2
---------------------------------------------------------
Idera Pharmaceuticals, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $8.30 million on $38,000 of alliance revenue for the
three months ended June 30, 2014, as compared with a net loss of
$3.59 million on $29,000 of alliance revenue for the same period
last year.

The Company also reported a net loss of $17.26 million on $41,000
of alliance revenue for the six months ended June 30, 2014, as
compared with a net loss of $7.39 million on $36,000 of alliance
revenue for the same period during the prior year.

As of June 30, 2014, the Company had $66.56 million in total
assets, $6.30 million in total liabilities and $60.26 million in
total stockholders' equity.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/ijWrJS

                    About Idera Pharmaceuticals

Cambridge, Massachusetts-based Idera Pharmaceuticals, Inc., is a
clinical stage biotechnology company engaged in the discovery and
development of novel synthetic DNA- and RNA-based drug candidates
that are designed to modulate immune responses mediated through
Toll-like Receptors, or TLRs.  The Company has two drug
candidates, IMO-3100, a TLR7 and TLR9 antagonist, and IMO-8400, a
TLR7, TLR8, and TLR9 antagonist, in clinical development for the
treatment of autoimmune and inflammatory diseases.

Idera Pharmaceuticals reported a net loss of $18.22 million in
2013, a net loss of $19.24 million in 2012 and a net loss of
$23.77 million in 2011.


IMAGEWARE SYSTEMS: Conference Call Held to Discuss Results
----------------------------------------------------------
ImageWare Systems, Inc., conducted a quarterly conference call on
Aug. 11, 2014, where it provided a corporate update and provided
certain information regarding the Company's progress.

In the second quarter of 2014, total revenue was $937,000 versus
$1.0 million in the second quarter of 2013.  Gross margin in the
second quarter of 2014 increased 410 basis points to 75.2%
compared to 71.1% in the year-ago quarter.  The increase was
primarily due to the increase in the percentage of software
license revenues as a component of product revenues.

Net loss in the second quarter of 2014 was $2.1 million or $0.02
per basic share, compared to a net loss of $5.6 million or minus
$0.07 per basic share in the second quarter of 2013.  The $5.6
million loss in 2013 included a $4.0 million charge for changes in
the fair market value of derivative liabilities.

At June 30, 2014, cash and cash equivalents totalled $1.4 million
compared to $2.4 million at Dec. 31, 2013.

A full-text copy of the transcript is available for free at:

                        http://is.gd/sbuP9a

                      About ImageWare Systems

Headquartered in San Diego, California, ImageWare Systems, Inc.,
is a leader in the emerging market for software-based identity
management solutions, providing biometric, secure credential, law
enforcement and enterprise authorization.  Its "flagship" product
is the IWS Biometric Engine.  Scalable for small city business or
worldwide deployment, the Company's biometric engine is a multi-
biometric platform that is hardware and algorithm independent,
enabling the enrollment and management of unlimited population
sizes.  The Company's identification products are used to manage
and issue secure credentials, including national IDs, passports,
driver licenses, smart cards and access control credentials.  Its
law enforcement products provide law enforcement with integrated
mug shot, fingerprint LiveScan and investigative capabilities.
The Company also provides comprehensive authentication security
software.

Imageware Systems incurred a net loss of $9.84 million in 2013, a
net loss of $10.19 million in 2012 and a net loss of $3.18 million
in 2011.  As of March 31, 2014, the Company had $7.59 million in
total assets, $3.99 million in total liabilities and $3.60 million
in total shareholders' equity.


INDEPENDENCE TAX II: Delays 10-Q Over Management Changes
--------------------------------------------------------
Independence Tax Credit Plus L.P. IV was not able to timely file
its quarterly report on Form 10-Q for the period ended June 30,
2014.

Significant changes in the senior management of Independence Tax
Credit Plus L.P. II have occurred since the Partnership's last
quarterly report on Form 10-Q.  On Nov. 14, 2013, Robert A. Pace
resigned as a chief financial officer and principal accounting
officer and was subsequently replaced by Mark B. Hattier.  Also,
on Nov. 14, 2013, Robert L. Levy resigned as president and chief
executive officer and was subsequently replaced by Alan T. Fair.

"While the Partnership's new officers have been working diligently
to familiarize themselves with the Partnership's operations and to
accomplish a timely filing of its Quarterly Report on Form 10-Q
for the period ended June 30, 2014, they require additional time
to finalize the report within the spirit as well as the letter of
the Commission's rules," the Partnership said in a regulatory
filing with the U.S. Securities and Exchange Commission.

The Company expects to file the Form 10-Q no later than five
calendar days after its original prescribed due date.

           About Independence Tax Credit Plus L.P. II

Based in New York, Independence Tax Credit Plus L.P. II was
organized on Feb. 11, 1992, and commenced its public offering on
Jan. 19, 1993.  The general partner of the Partnership is Related
Independence Associates L.P., a Delaware limited partnership.  The
general partner of Related Independence Associates L.P. is Related
Independence Associates Inc., a Delaware Corporation.  The
ultimate parent of Related Independence Associates L.P. is
Centerline Holding Company.

The Partnership's business is primarily to invest in other
partnerships owning leveraged apartment complexes that are
eligible for the low-income housing tax credit enacted in the Tax
Reform Act of 1986, some of which may also be eligible for the
historic rehabilitation tax credit.

The Partnership is in the process of developing a plan to dispose
of all of its investments.

The Company's balance sheet at March 31, 2014, showed $2.76
million in total assets, $16.49 million in total liabilities and a
$13.73 million total partners' deficit.

"At March 31, 2014, the Partnership's liabilities exceeded assets
by $13,733,253 and for the year then ended, the partnership had
net loss of $ (568,406).  These factors raise doubt about the
Partnership's ability to continue as a going concern," the
Partnership said in its annual report for the year ended March 31,
2014.


INDUSTRY MANAGEMENT: Case Summary & 2 Top Unsecured Creditors
-------------------------------------------------------------
Debtor: Industry Management, LLC
        23945 Calabasas Road, Suite 101
        Calabasas, CA 91302

Case No.: 14-13865

Chapter 11 Petition Date: August 18, 2014

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Debtor's Counsel: Matthew Abbasi, Esq.
                  ABBASI LAW CORPORATION
                  8889 West Olympicd Blvd., Suite 240
                  Beverly Hills, CA 90211
                  Tel: 310-358-9341
                  Fax: 888-709-5448
                  Email: matthew@anhlegal.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by George Shakiban, manager.

A list of the Debtor's two largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb14-13865.pdf


INTERMETRO COMMUNICATIONS: Delays Q2 Form 10-Q Filing
-----------------------------------------------------
InterMetro Communications, Inc., filed with the U.S. Securities
and Exchange Commission a Notification of Late Filing on Form
12b-25 with respect to its quarterly report on Form 10-Q for the
quarter ended June 30, 2014.  The Company said it was unable to
prepare its accounting records and schedules in sufficient time to
allow its accountants to complete their review of the Company's
financial statements.  The Company intends to file the subject
Quarterly Report on or before the fifth calendar day following the
prescribed due date.

                           About InterMetro

Simi Valley, Calif.-based InterMetro Communications, Inc.,
-- http://www.intermetro.net/-- is a Nevada corporation which
through its wholly owned subsidiary, InterMetro Communications,
Inc. (Delaware), is engaged in the business of providing voice
over Internet Protocol ("VoIP") communications services.

InterMetro Communications reported a net loss of $2.45 million on
$11.57 million of net revenues for the year ended Dec. 31, 2013,
as compared with net income of $699,000 on $20.06 million of net
revenues in 2012.

Gumbiner Savett Inc., in Santa Monica, California, issued a "going
cocern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2013.  The independent auditors noted that
the Company incurred net losses in previous years, and as of
Dec. 31, 2013, the Company had a working capital deficit of
approximately $12,082,000 and a total stockholders' deficit of
approximately $12,426,000.  The Company anticipates that it will
not have sufficient cash flow to fund its operations in the near
term and through fiscal 2014 without the completion of additional
financing.  These factors, among other things, raise substantial
doubt about the Company's ability to continue as a going concern


INTERMETRO COMMUNICATIONS: Douglas Benson Holds 32.6% Stake
-----------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Douglas LeRoy Benson disclosed that as of
Aug. 1, 2014, he beneficially owned 27,113,091 shares of common
stock of Intermetro Communications, Inc., representing 32.63
percent of the shares outstanding.

On Aug. 1, 2014, the Reporting Person acquired an additional
3,000,000 shares of Series B Convertible Preferred Stock of the
Company and a warrant to purchase 3,000,000 shares of common stock
of the issuer for a total purchase price of $3,000,000.  The
3,000,000 shares of Series B Convertible Preferred are convertible
into 20,000,000 shares of common stock of the Company.

A full-text copy of the regulatory filing is available at:

                        http://is.gd/IvSCCT

                          About InterMetro

Simi Valley, Calif.-based InterMetro Communications, Inc.,
-- http://www.intermetro.net/-- is a Nevada corporation which
through its wholly owned subsidiary, InterMetro Communications,
Inc. (Delaware), is engaged in the business of providing voice
over Internet Protocol ("VoIP") communications services.

InterMetro Communications reported a net loss of $2.45 million on
$11.57 million of net revenues for the year ended Dec. 31, 2013,
as compared with net income of $699,000 on $20.06 million of net
revenues in 2012.

Gumbiner Savett Inc., in Santa Monica, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company incurred net losses in previous years, and as of
Dec. 31, 2013, the Company had a working capital deficit of
approximately $12,082,000 and a total stockholders' deficit of
approximately $12,426,000.  The Company anticipates that it will
not have sufficient cash flow to fund its operations in the near
term and through fiscal 2014 without the completion of additional
financing.  These factors, among other things, raise substantial
doubt about the Company's ability to continue as a going concern.


KIRCH MEDIA: Deutsche Bank CEO Hit With Fraud Charges
-----------------------------------------------------
Law360 reported that Deutsche Bank AG co-CEO Juergen Fitschen and
two of his predecessors have been charged with attempted fraud by
German prosecutors, stemming from the bank's long-running legal
fight with the bankrupt Kirch media group, according to a German
media report.  Law360 related that Fitschen, former Deutsche Bank
CEOs Rolf-Ernst Breuer and Josef Ackermann, and former executives
Clemens Boersig and Tessen von Heydebreck have all been charged
with attempted fraud, according to German newspaper Sueddeutsche
Zeitung, citing sources in the Munich public prosecutor's office.

Headquartered in Ismaning, Germany, KirchMedia GmbH --
http://www.kirchmedia.de/-- was the country's second largest
media company prior to its insolvency filing in June 2002.  The
firm's collapse, caused by a US$5.7 billion debt incurred during
an expansion drive, was Germany's biggest since World War II.
Taurus Holding is the former holding company for the Kirch
group.  The case is docketed under Case No. 14 HK O 1877/07 at
the Regional Court of Munich.


LANTHEUS MEDICAL: Incurs $1.6 Million Net Loss in Second Quarter
----------------------------------------------------------------
Lantheus MI Intermediate, Inc., and subsidiaries filed with the
U.S. Securities and Exchange Commission their quarterly report on
Form 10-Q disclosing a net loss of $1.63 million on $75.61 million
of revenues for the three months ended June 30, 2014, as compared
with a net loss of $14.50 million on $70.60 million of revenues
for the same period last year.

For the six months ended June 30, 2014, the Companies reported a
net loss of $2.92 million on $148.94 million of revenues as
compared with a net loss of $34.31 million on $141.61 million of
revenues for the same period during the prior year.

As of June 30, 2014, the Companies had $251.57 million in total
assets, $492.44 million in total liabilities and a $240.86 million
total stockholders' deficit.

Jeffrey Bailey, president and CEO said, "We have been undertaking
a financial and operational transformation of our business over
the past six quarters, and our success to date is quite evident
with the financial results of our second quarter.  Our 8% constant
currency revenue growth, accompanied by significant gross margin
expansion and operating expense reduction, combined to expand our
Adjusted EBITDA by 149% from year-ago levels, and has elevated our
business to a meaningfully greater level of financial performance
in a relatively short period of time."

Mr. Bailey continued, "We continue to be pleased by the momentum
of our business.  Sequentially, our second quarter 2014 revenue
and Adjusted EBITDA results exceeded those of our first quarter,
the result of accelerated revenue growth in combination with
continued operating leverage.  During the second quarter, DEFINITY
revenues once again grew sequentially, the result of continued
growth of the U.S. ultrasound contrast market and the execution of
our dedicated sales force. Looking ahead, the dynamics of our
markets, the initiatives that we are targeting and the
capabilities of our team combine to create exciting opportunities
for our business during the remainder of 2014 and beyond."

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/GycNy6

                       About Lantheus Medical

Lantheus Medical Imaging, Inc., a wholly-owned operating
subsidiary of parent company, Lantheus MI Intermediate, Inc., is a
global leader in developing, manufacturing, selling and
distributing innovative diagnostic imaging agents.  LMI provides a
broad portfolio of products, which are primarily used for the
diagnosis of cardiovascular diseases.  LMI's key products include
the echocardiography contrast agent DEFINITY(R) Vial for
(Perflutren Lipid Microsphere) Injectable Suspension;
TechneLite(R) (Technetium Tc99m Generator), a technetium-based
generator that provides the essential medical isotope used in
nuclear medicine procedures; and Xenon (Xenon Xe 133 Gas), an
inhaled radiopharmaceutical imaging agent used to evaluate
pulmonary function and for imaging the lungs.

                            *    *     *

As reported by the TCR on July 1, 2014, Moody's Investors Service
upgraded the ratings of Lantheus Medical Imaging, Inc. including
the Corporate Family Rating to Caa1 from Caa2, the Probability of
Default Rating to Caa1-PD from Caa2-PD and the senior unsecured
rating to Caa1 (LGD4) from Caa2 (LGD4).

"The upgrade reflects our outlook for continuing earnings
improvement driven by rising DEFINITY sales and the impact of
ongoing cost reductions, while the positive outlook considers the
potential for deleveraging pending a successful IPO and further
resolution of supply issues," stated Michael Levesque, Senior Vice
President.

In the Nov. 6, 2013, edition of the TCR, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Lantheus
Medical Imaging Inc. to 'B-' from 'B'.  The outlook is negative.


LEO MOTORS: Incurs $315,000 Net Loss in Second Quarter
------------------------------------------------------
Leo Motors, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $314,715 on $0 of revenues for the three months ended June 30,
2014, compared to a net loss of $188,240 on $0 of revenues for the
same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $1.58 million on $0 of revenues compared to a net loss of
$369,127 on $0 of revenues for the same period last year.

As of June 30, 2014, the Company had $1.15 million in total
assets, $1.92 million in total liabilities and a $766,257 total
deficit.

"Our liquidity and capital resources are limited.  Accordingly,
our ability to initiate our plan of operations and continue as a
going concern is currently dependent on our ability to either
generate significant new revenues or raise external capital," the
Company stated in the Report.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/CiCnEV

                         About Leo Motors

Headquartered in Hanam City, Gyeonggi-do, Republic of Korea, Leo
Motors, Inc., a Nevada corporation, is currently engaged in the
research and development of multiple products, prototypes and
conceptualizations based on proprietary, patented and patent
pending electric power generation, drive train and storage
technologies.

In 2011, the Company determined its investment in Leo B&T Inc. an
investment account was impaired and recorded an expense of
$4.5 million.  During the 2012 year the Company had a net non
operating income largely from the result of the forgiveness of
debt for $1.3 million.

Leo Motors reported a net loss of $1.24 million on $0 of revenues
for the year ended Dec. 31, 2013, as compared with a net loss of
$1.88 million on $25,605 of revenues during the prior year.

John Scrudato CPA, in Califon, New Jersey, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has incurred significant losses since inception
of $16,871,850.  This and other factors raise substantial doubt
about the Company's ability to continue as a going concern.


LINCOLN ROAD: Case Summary & 4 Unsecured Creditors
--------------------------------------------------
Debtor: Lincoln Road, LLC
        432 S. Evergreen Avenue
        Woodbury Heights, NJ 08097

Case No.: 14-27030

Chapter 11 Petition Date: August 18, 2014

Court: United States Bankruptcy Court
       District of New Jersey (Camden)

Judge: Hon. Gloria M. Burns

Debtor's Counsel: Maureen P. Steady, Esq.
                  MAUREEN P. STEADY, ESQUIRE
                  38 N. Haddon Avenue
                  Haddonfield, NJ 08033
                  Tel: (856) 428-1060
                  Fax: (609) 482-8011
                  Email: msteady@mac.com
                         maureen.steady@gmail.com

Total Assets: $869,523

Total Liabilities: $1.34 million

The petition was signed by Richard Phalines, managing member.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/njb14-27030.pdf


LIQUIDMETAL TECHNOLOGIES: Incurs $2.5MM Net Loss in 2nd Quarter
---------------------------------------------------------------
Liquidmetal Technologies, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $2.51 million on $153,000 of total revenue for the
three months ended June 30, 2014, as compared with a net loss of
$1.91 million on $150,000 of total revenue for the same period in
2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $6.42 million on $313,000 of total revenue as compared
with a net loss of $5.41 million on $272,000 of total revenue for
the same period last year.

As of June 30, 2014, the Company had $16.01 million in total
assets, $8.45 million in total liabilities and $7.56 million in
total stockholders' equity.

"The Company anticipates that its current capital resources, when
considering expected losses from operations, will be sufficient to
fund the Company's operations through the end of 2015.  The
Company has a relatively limited history of producing bulk
amorphous alloy components and products on a mass-production
scale.  Furthermore, the ability of future contract manufacturers
to produce the Company's products in desired quantities and at
commercially reasonable prices is uncertain and is dependent on a
variety of factors that are outside of the Company's control,
including the nature and design of the component, the customer's
specifications, and required delivery timelines.  These factors
will likely require that the Company continue to make draw-downs
under the 2013 Purchase Agreement, raise additional funds by other
means, or pursue other strategic initiatives to support its
operations beyond the end of 2015.  There is no assurance that the
Company will be able to continue to make draw-downs under the 2013
Purchase Agreement or raise additional funds by other means on
acceptable terms, if at all.  If the Company were to continue to
make draw-downs under the 2013 Purchase Agreement or to raise
additional funds through other means by issuing securities,
existing stockholders may be diluted.  If funding is insufficient
at any time in the future, the Company may be required to alter or
reduce the scope of its operations or to cease operations
entirely.  Uncertainty as to the outcome of these factors raises
substantial doubt about the Company's ability to continue as a
going concern," the Company said in the filing.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/HUv4ge

                 About Liquidmetal Technologies

Based in Rancho Santa Margarita, Cal., Liquidmetal Technologies,
Inc., and its subsidiaries are in the business of developing,
manufacturing, and marketing products made from amorphous alloys.
Liquidmetal Technologies markets and sells Liquidmetal(R) alloy
industrial coatings and also manufactures, markets and sells
products and components from bulk Liquidmetal alloys that can be
incorporated into the finished goods of its customers across a
variety of industries.  The Company also partners with third-
party licensees and distributors to develop and commercialize
Liquidmetal alloy products.

Liquidmetal reported a net loss and comprehensive loss of $14.24
million on $1.02 million of total revenue for the year ended
Dec. 31, 2013, as compared with a net loss and comprehensive loss
of $14.02 million on $650,000 of total revenue for the year ended
Dec. 31, 2012.

SingerLewak LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has suffered recurring losses from operations and
has an accumulated deficit.  This raises substantial doubt about
the Company's ability to continue as a going concern.


LOMBARD FLATS: Contempt Order Against Cheuk Tin Yan Upheld
----------------------------------------------------------
Cheuk Tin Yan appeals from the memorandum opinion and order on
motion for order of contempt entered August 5, 2013, and order
denying Cheuk Yan's motion to amend findings, entered September
26, 2013, by the bankruptcy court in the Chapter 11 cases of
Lombard Flats, LLC.

District Judge Phyllis J. Hamilton affirmed the bankruptcy court's
decisions pursuant to an August 13, 2014 Order available at
http://is.gd/fmeroEfrom Leagle.com.

As reported by the Troubled Company Reporter on Aug. 13, 2013, the
reorganized debtor, Lombard Flats, moved for an order of contempt
against Cheuk Tin Yan and his attorney for obtaining a $960,299
judgment against the Debtor after confirmation of a Chapter 11
plan.

Martin Eng is the debtor's principal.

Cheuk Yan loaned money to Eng in 2007 and 2008, evidenced by
several promissory notes. From 1985 through January 2009, Eng
owned the building at 949-953 Lombard Street, San Francisco.  On
January 26, 2009, Eng recorded a grant deed transferring the
property to debtor Lombard Flats, LLC.

On September 26, 2012, Cheuk Yan filed an action in San Francisco
Superior Court against the debtor, Eng, Eng's relatives and their
closely held companies, seeking recovery on over $1 million for
loans made by Cheuk Yan to Eng in 2007 and 2008. The state court
action alleged a conspiracy to defraud Cheuk Yan, as creditor, by
making fraudulent transfers and encumbrances on the Lombard Street
property, including a fraudulent conveyance from Eng to the
debtor.

Lombard Flats LLC filed for Chapter 11 bankruptcy (Bankr. N.D.
Calif. Case No. 09-32219) on Aug. 3, 2009, and obtained an order
confirming its plan on July 19, 2010. The court entered a final
decree on May 23, 2011, and the case was closed on June 3, 2011.


LOPES DOOR: First Creditors Meeting on Aug. 27 in Toronto
---------------------------------------------------------
Lopes Door Systems Inc., was placed in bankruptcy protection in
Toronto, Ontario, on August 7, 2014.   The first meeting of
creditors will be held on August 27, 2014, at 10:00 a.m. at the
office of the trustee at:

     James Williams & Associates Inc.
     2300 Yonge Street, Suite 1701
     Toronto, ON M4P 1E4


MARINA BIOTECH: Delays Second Quarter Form 10-Q
-----------------------------------------------
Marina Biotech, Inc., filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the quarter ended
June 30, 2014.

The Company stated that, "The registrant is in the process of
preparing and reviewing the financial information and related
disclosures of the registrant with respect to the fiscal period
ended March 31, 2014 and the fiscal period ended June 30, 2014.
The process of compiling and disseminating the information
required to be included in the Form 10-Q for the fiscal period
ended June 30, 2014, as well as the completion of the required
review of the registrant's financial information and related
disclosures with respect to such fiscal period, could not be
completed without incurring undue hardship and expense.  The
registrant undertakes the responsibility to file the quarterly
report with respect to the fiscal period ended June 30, 2014 no
later than five days after its prescribed due date."

                         About Marina Biotech

Marina Biotech, Inc., headquartered in Bothell, Washington, is a
biotechnology company focused on the discovery, development and
commercialization of nucleic acid-based therapies utilizing gene
silencing approaches such as RNA interference ("RNAi") and
blocking messenger RNA ("mRNA") translation.  The Company's goal
is to improve human health through the development, either through
its own efforts or those of its collaboration partners and
licensees, of these nucleic acid-based therapeutics as well as the
delivery technologies that together provide superior treatment
options for patients.  The Company has multiple proprietary
technologies integrated into a broad nucleic acid-based drug
discovery platform, with the capability to deliver novel nucleic
acid-based therapeutics via systemic, local and oral
administration to target a wide range of human diseases, based on
the unique characteristics of the cells and organs involved in
each disease.

On June 1, 2012, the Company announced that, due to its financial
condition, it had implemented a furlough of approximately 90% of
its employees and ceased substantially all day-to-day operations.
Since that time substantially all of the furloughed employees have
been terminated.  As of Sept. 30, 2012, the Company had
approximately 11 remaining employees, including all of its
executive officers, all of whom are either furloughed or working
on reduced salary.  As a result, since June 1, 2012, its internal
research and development efforts have been minimal, pending
receipt of adequate funding.

As reported by the TCR on May 21, 2014, KPMG LLP was dismissed as
the principal accountants for Marina Biotech, Inc., and Wolf &
Company, P.C., had been engaged as replacement.

In 2013, the Company incurred a net loss of $1.57 million on $2.11
million of license and other revenue, compared to a net loss of
$9.54 million on $4.21 million of license and other revenue in
2012.  The Company's balance sheet at Dec. 31, 2013, showed $7.74
million in total assets, $14.80 million in total liabilities and a
$7.06 million total stockholders' deficit.


MASHANTUCKET WESTERN: S&P Lowers ICR to 'CCC-'; Outlook Neg.
-------------------------------------------------------------
Standard & Poor's Ratings Services lowered its ratings, including
its issuer credit rating, on Mashantucket, Conn.-based casino
operator Mashantucket (Western) Pequot Tribe to 'CCC-' from
'CCC+'.  The rating outlook is negative.

S&P do not assign recovery ratings to Native American debt issues
because there are sufficient uncertainties surrounding the
exercise of creditor rights against a sovereign nation, including
whether the Bankruptcy Code would apply, whether the U.S. court
would ultimately be the appropriate venue to settle such a matter,
and to what extent a creditor would be able to enforce any
judgment against a sovereign nation.  The 'CCC-' issue-level
ratings on the credit facilities are the same as the Tribe's
issuer credit rating, reflecting the senior position of the
facilities in the capital structure.

The downgrade reflects meaningful underperformance relative to
S&P's previous forecast because of ongoing operating challenges,
which has led to a breach of financial covenants under
Mashantucket's senior credit facility.  S&P believes the
combination of continued operating weakness and the failure to
comply with financial covenants increases the likelihood of a
near-term default.  Under S&P's current forecast, it believes
available cash flow in the collection account may be insufficient
to cover cash interest for all junior obligations in
Mashantucket's capital structure after paying senior credit
facility interest and amortization payments and fixed tribal
distributions.  Under S&P's updated forecast, it estimates a $20
million shortfall in the collection account.  Failure to make full
and timely payment of cash interest expense would be a default
under our criteria.

In addition, given the breach of covenants, senior lenders have
the right to block interest payments to junior debt holders in
order to preserve liquidity for themselves.  Because of continued
economic weakness and a high degree of competition in the
Northeast gaming market, S&P believes it is increasingly likely
that lenders would give notice to the administrative agent
blocking junior debt service payments.  In the event senior
lenders block payments to junior lenders, S&P would consider this
a default under its criteria because of a failure to make full and
timely interest payments.

"We have updated our forecast to reflect greater than previously
anticipated declines in revenue and EBITDA in the Sept. quarter
because of meaningfully weaker than expected operating performance
due to increased competition and overall economic challenges in
the Northeast market.  In the nine months ended June (fiscal
September year-end), net revenue was down in the high-single-digit
percentage area and EBITDA declined in the mid-30% area, compared
to our prior forecast for low-teens percentage decline for the
full year 2014.  Mashantucket continues to experience declines in
visitation and average consumer spending per trip.  Competitive
pressures continue to impact Mashantucket, both from the expansion
of gaming, specifically the implementation of table games at Twin
River in 2013, and from increased marketing activity among
Mashantucket and its competitors.  Increased costs associated with
wage increases and health care expenses, and higher utility costs
also added to the EBITDA decline," S&P said.


MICHELE DICOSOLA: September 2014 Trial Set in Government's Suit
---------------------------------------------------------------
Michele DiCosola stands accused of committing a variety of acts to
defraud others and enrich himself.  The allegations are drawn
exclusively from the eight-count indictment.

The first set of charges relates to fraudulent applications for
loans.  Defendant is alleged to have served as President of a
business called "CD Shape Cutters." When acting in that capacity
in July 2008, he submitted an application to Amcore Bank for two
business loans (in the amounts of $250,000 and $450,000). To
induce the bank to approve the application, he included false
personal and business tax returns from 2006 and 2007 that inflated
his income. The next month, Defendant submitted a mortgage
application to CitiMortgage so that he could refinance his
personal home mortgage and obtain a home equity loan. He
supplemented his application in September 2008 by faxing
CitiMortgage the same false tax returns from 2007 and 2008 that
overstated his income. These loans were approved and funded
shortly thereafter. Despite his guarantee of full and punctual
payment, Defendant defaulted on the loans.

Counts I and II charge bank fraud in violation of 18 U.S.C. Sec.
1344 -- one count for each business loan.  Count III alleges that
Defendant made a false statement to a bank in violation of 18
U.S.C. Sec. 1014 in his pursuit of the business loans. Count IV
charges wire fraud under 18 U.S.C. Sec. 1343 and 1342 for the fax
transmission of the false 2006 and 2007 tax returns used to obtain
the personal loans.

Counts V and VI charge Defendant with filing false claims against
the United States in violation of 18 U.S.C. Sec. 287. The
indictment accuses Defendant of filing two false tax returns on
September 15, 2009 -- one for himself and one on behalf of behalf
of taxpayer P.W.  The fraudulent returns claimed entitlement to
tax refunds of approximately $5.5 million and $385,000. Although
not mentioned in the indictment, the Court understands that
Defendant's claim for a tax refund was based on an original issue
discount ("OID") tax theory whereby a filer claims that numerous
debts entitle him to a large refund from the IRS.

The indictment brings two Counts for bankruptcy fraud related to
Defendant's two bankruptcy cases.  On June 14, 2010, Defendant
filed a Chapter 11 petition wherein he misrepresented whether he
had closed financial accounts within the past year and whether he
had served as an officer, director, partner, or managing director
of a business within the past six years.  Then, on November 2,
2010, Defendant filed another Chapter 11 petition in which he made
those same misrepresentations. Counts VII and VIII relate to these
two false petitions.

The case is scheduled for trial in September 2014.

Pending before the United States District Court for the Northern
District of Illinois, Eastern Division, are Motions to Sever, for
Disclosure of Exculpatory and Impeaching Evidence, for Disclosure
of the Signed Indictment and Grand Jury Minutes, and to Dismiss --
all filed by Defendant.

Defendant argues that the charges in this case must be severed
into three groups: Counts I-IV for bank fraud, Counts V-VI for tax
fraud, and Counts VII-VIII for bankruptcy fraud.

In a Memorandum Opinion and Order dated Aug. 14, 2014, a copy of
which is available at http://is.gd/H9w5wsfrom Leagle.com,
District Judge Harry D. Leinenweber granted Defendant's Motion to
Sever.  Defendant's Motion for Disclosure of Exculpatory and
Impeaching Evidence is denied. Defendant's Motion for Disclosure
of Signed Indictment and Grand Jury Minutes is granted in part.
The Court said the U.S. government must submit, for in camera
review, competent proof that the indictment in this case was
returned by a Grand Jury whose term had not expired.  Defendant's
Motion to Dismiss Count Two of the Indictment is granted.

The case is, UNITED STATES OF AMERICA, Plaintiff, v. MICHELE
DICOSOLA, Defendant, Case No. 12 CR 446 (N.D. Ill.).

Michele DiCosola is represented by:

         Leonard C. Goodman, Esq.
         Melissa Ann Matuzak, Esq.
         LEN GOODMAN LAW OFFICE LLC
         53 W Jackson Blvd, Suite 1650
         Chicago, IL 60604
         Tel: (312) 986-1984


MILESTONE SCIENTIFIC: Incurs $169,000 Net Loss in 2nd Quarter
-------------------------------------------------------------
Milestone Scientific Inc. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss applicable to common stockholders of $169,457 on $2.50
million of product sales for the three months ended June 30, 2014,
compared with net income applicable to common stockholders of
$74,009 on $2.27 million of product sales for the same period in
2013.

For the six months ended June 30, 2014, the Company reported net
income applicable to common stockholders of $25,377 on
$5.12 million of product sales compared to net income applicable
to common stockholders of $224,754 on $4.76 million of product
sales for the same period last year.

As of June 30, 2014, the Company had $17.26 million in total
assets, $1.94 million in total liabilities, all current, and
$15.31 million in total stockholders' equity.

As of June 30, 2014, Milestone had cash and cash equivalents of
$1,121,721, treasury bills of $9,498,498 and a positive working
capital of $13,696,852.  The working capital as of June 30, 2014,
was $13,696,852 and it is the result of the increase in treasury
bills in 2014 of $9.5 million as a result of a capital raises in
May 2014.

A full-text copy of the Form 10-Q is available for free at:

                         http://is.gd/rLLhYX

                     About Milestone Scientific

Livingston, N.J.-based Milestone Scientific Inc. is engaged in
pioneering proprietary, innovative, computer-controlled injection
technologies and solutions for the medical and dental markets.

Milestone Scientific reported net income of $1.46 million in 2013,
as compared with a net loss of $870,306 in 2012.

Baker Tilly Virchow Krause, LLP, in New York, issued "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has suffered recurring losses from operations
since inception, which raises substantial doubt about its ability
to continue as a going concern.


MINT LEASING: Incurs $2.8 Million Net Loss in Second Quarter
------------------------------------------------------------
The Mint Leasing, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q reporting a
net loss of $2.84 million on $2.34 million of total revenues for
the three months ended June 30, 2014, compared to a net loss of
$1.32 million on $1.20 million of total revenues for the same
period a year ago.

For the six months ended June 30, 2014, the Company reported a net
loss of $2.92 million on $4.25 million of total revenues compared
to a net loss of $1.86 million on $4.45 million of total revenues
for the same period during the prior year.

As of June 30, 2014, the Company had $17.86 million in total
assets, $16.58 million in total liabilities and $1.28 million in
total stockholders' equity.

A full-text copy of the Form 10-Q is available for free at:

                        http://goo.gl/a1yNJF

                         About Mint Leasing

Houston, Texas-based The Mint Leasing, Inc., is in the business of
leasing automobiles and fleet vehicles throughout the United
States.

Mint Leasing reported net income of $3.22 million on $6.45 million
of total revenues for the year ended Dec. 31, 2013, as compared
with a net loss of $238,969 on $9.97 million of total revenues in
2012.

                         Bankruptcy Warning

"We do not currently have any commitments of additional capital
from third parties or from our sole officer and director or
majority shareholders.  We can provide no assurance that
additional financing will be available on favorable terms, if at
all.  If we choose to raise additional capital through the sale of
debt or equity securities, such sales may cause substantial
dilution to our existing shareholders and/or trigger the anti-
dilution protection of the Warrants.  If we are not able to obtain
additional funding to repay the Amended Loan and our other
outstanding notes payable and debt facilities, we may be forced to
abandon or curtail our business plan, which may cause any
investment in the Company to become worthless.  Our independent
auditor has expressed substantial doubt regarding our ability to
continue as a going concern.  If we are unable to continue as a
going concern, we may be forced to file for bankruptcy protection,
may be forced to cease our filings with the Securities and
Exchange Commission, and the value of our securities may decline
in value or become worthless," the Company said in the 2013 Annual
Report.


MMRGLOBAL INC: Incurs $1.4 Million Net Loss in Second Quarter
-------------------------------------------------------------
MMRGlobal, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.43 million on $55,330 of total revenues for the three months
ended June 30, 2014, compared with a net loss of $1.14 million on
$300,549 of total revenues for the same period last year.

For the six months ended June 30, 2014, the Company incurred a net
loss of $3.07 million on $540,842 of total revenues compared with
a net loss of $2.65 million on $425,577 of total revenues for the
same period in 2013.

As of June 30, 2014, the Company had $2.31 million in total
assets, $10.87 million in total liabilities, and an $8.55 million
total stockholders' deficit.

As of June 30, 2014, the Company had cash and cash equivalents of
$168,262, compared to $10,630 as of June 30, 2013.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/O07S36

                           About MMRGlobal

Los Angeles, Calif.-based MMR Global, Inc. (OTC BB: MMRF)
-- http://www.mmrglobal.com/-- through its wholly-owned operating
subsidiary, MyMedicalRecords, Inc., provides secure and easy-to-
use online Personal Health Records (PHRs) and electronic safe
deposit box storage solutions, serving consumers, healthcare
professionals, employers, insurance companies, financial
institutions, and professional organizations and affinity groups.

MMRGlobal reported a net loss of $7.63 million in 2013, as
compared with a net loss of $5.90 million in 2012.

Rose, Snyder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has incurred significant operating losses and
negative cash flows from operations during the years ended
December 31, 2013 and 2012.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


MOMENTIVE PERFORMANCE: Plan Hearing Begins; Exclusivity Extended
----------------------------------------------------------------
The hearing to consider confirmation of the Chapter 11 exit plans
for MPM Silicones, LLC, Momentive Performance Materials Holdings
Inc., Momentive Performance Materials Inc., and their affiliated
entities began August 18, 2014, in U.S. Bankruptcy Court in White
Plains, New York.  Hearings also have been scheduled for August
19, 21 and 22.  The hearings commence at 10:00 a.m. prevailing
Eastern Time.

At the onset of the hearing on Monday, Judge Robert D. Drain, who
oversees the case, signed off on an order extending the Debtors'
Exclusive Filing Period by 60 days, through and including October
10, 2014; and the Debtors' Exclusive Solicitation Period also by
60 days, through and including December 9, 2014.

In the run-up to the Confirmation Hearing, the Debtors a revised
Joint Chapter 11 Plan.  Among other things, the Revised Plan
provides a non-exclusive list of certain Released Parties.  That
list may be supplemented with additional Released Parties in an
amendment or addendum to the Plan Supplement or otherwise prior to
the Effective Date.  A copy of the blacklined version of the Plan
is available at no extra charge at:

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

During the hearings, the Court will also consider various matters
including the Subordinated Notes Subordination Dispute; the Motion
by the First Lien Trustee and the 1.5 Lien Trustee to Lift the
Automatic Stay; the Adversary Proceedings Regarding the Payment of
the Applicable Premium to the Holders of First Lien Notes and 1.5
Lien Notes (Adv. Pro. No. 14-08227) (RDD) and (Adv. Pro. No. 14-
08228) (RDD); and the Adversary Complaint Against The Bank of New
York Mellon Trust Company, N.A., Solely as Trustee for the MPM
Escrow LLC and MPM Finance Escrow Corp. 8.875% First-Priority
Senior Secured Notes due 2020.

The Cramdown of First Lien Notes and 1.5 Lien Notes Under 11
U.S.C. Sec. 1129(b), will be tackled on Thurday.  The remainder of
agenda from Thursday's hearing will be taken up Friday.

Other matters to be taken up during the hearings are:

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

BOKF, NA -- as successor First Lien Trustee to The Bank of New
York Mellon Trust Company, N.A., as trustee under an indenture
dated as of October 25, 2012, for the 8.875% First-Priority Senior
Secured Notes due 2020 issued by Momentive Performance Materials
Inc. and guaranteed by certain of the debtors -- has argued that
the current Plan cannot be approved unless it is amended to
expressly provide for the payment of the Applicable Premium to the
First Lien Noteholders.  BOKF said the present Plan contemplates
disallowance of the Applicable Premium -- a sum of over two
hundred million dollars -- due to the First Lien Trustee on behalf
of the holders of the First Lien Notes, by virtue of the Debtors'
refinancing of the First Lien Notes under the Plan and discharge
of their obligations thereunder.  Applicable law does not permit
MPM, under the cloak of voluntary bankruptcy, to evade its
contractual obligation to compensate the First Lien Noteholders
for its early redemption of the First Lien Notes, and to
improperly shift value to subordinated and junior creditors.

An Ad Hoc Committee of Second Lien Noteholders, however, has
argued that the bankruptcy cases did not trigger any obligation on
the part of MPM or the Guarantors to pay the Applicable Premium to
the Noteholders.  The Ad Hoc Group said the Debtors' Plan should
be approved.

A full-text copy of BOKF's Objection is available at:

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

Meanwhile, Wilmington Trust, National Association, as Indenture
Trustee, will appear during the hearings to seek relief from the
automatic stay to permit rescission of acceleration of the First
Lien Notes and the 1.5 Lien Notes.

Apollo Global Management, LLC and certain of its affiliated funds,
which are supporting the Debtors' exit plan, have argued that the
Trustees are seeking to lift the stay for the sole purpose of
attempting to increase the value of their claims against the
Debtors' estates at the expense of the Debtors' other creditors.
Apollo said the Trustees' efforts to rescind acceleration of the
Notes are barred by the automatic stay because the Debtors'
contractual rights under the Notes are property of their estates,
and issuing a rescission notice is an attempt to modify the
express terms of the Indentures.

A copy of Apollo's objection is available at:

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

On Tuesday, the Debtors filed an Omnibus Reply to Cramdown
Objections to the Plan, a copy of which is available at

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

Apollo Global Management, LLC and Certain of its Affiliated Funds
filed a Joinder to the Debtors' Omnibus Reply to Cramdown
Objections, a copy of which is available at:

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

On June 23, 2014,  the Company filed with the Court an amended
version of the Plan and accompanying disclosure statement, both of
which were originally filed with the Court on May 12, 2014. The
Plan provides, among other things, mechanisms for settlement of
claims against the Debtors' estates, treatment of the Company's
existing equity and debt holders, and certain corporate governance
and administrative matters pertaining to the reorganized Company,
each consistent with the terms set forth in a restructuring
support agreement.  The Plan is intended to enable the Debtors to
continue business operations without the likelihood of need for
further financial reorganization.

Also on June 23, 2014, the Court issued an order (a) approving the
Disclosure Statement; (b) establishing August 18, 2014 as the date
of commencement of the hearing to approve the Plan; (c)
establishing the procedures for solicitation and tabulation to
accept or reject the Plan, including setting July 28, 2014 as the
voting deadline; (d) establishing the deadline, July 28, 2014, and
the procedures for filing objections to confirmation of the Plan;
and (e) approving rights offering procedures.

Pursuant to the Disclosure Statement Order, the Voting Deadline
has passed.  Pursuant to the Plan, only four classes of holders of
claims against the Debtors were entitled to vote to accept or
reject the Plan. Two classes of holders of claims (including
holders of the Springing Lien Notes) voted unanimously to approve
the Plan whereas two classes of holders of claims voted to reject
the Plan (including holders of the First Lien Notes and Senior
Secured Notes). The two classes of holders of claims that rejected
the Plan will receive, pursuant to the Plan, certain replacement
notes in satisfaction of their claims against the Debtors, the
terms of which will be further addressed at the Confirmation
Hearing. Four of the remaining classes of holders of claims
against the Debtors are unimpaired by the Plan and thus deemed to
have accepted the Plan. In addition, three classes of holders of
claims will not receive any distributions under the Plan and are
deemed to have rejected the Plan. Despite the rejection or deemed
rejection of the Plan by certain classes of holders of claims, the
Bankruptcy Code provides for the Plan to be approved if it meets
certain requirements. The Court will make a determination at or
following the Confirmation Hearing regarding whether the Plan
meets all requirements for approval. While the Company believes
that the Plan is fair, equitable, and meets all requirements of
the Bankruptcy Code, there can be no assurance that the Company
will be able to secure confirmation of the Plan from the Court.

                 Restructuring Support Agreement

In connection with the Bankruptcy Filing, the Debtors entered into
a Restructuring Support Agreement, dated as of April 13, 2014,
with certain affiliates of Apollo Global Management, LLC and
certain holders of the Company's 9.0% Second-Priority Springing
Lien Notes due 2021 and 9.5% Second-Priority Springing Lien Notes
due 2021 that are not Apollo Entities.  These so-called Plan
Support Parties, which hold approximately 90% in dollar amount of
the Second Lien Notes, agree to support, and vote in favor of the
Plan.

Pursuant to the terms of the Support Agreement, the Plan Support
Parties were required to not only vote in favor of the Plan, but
were also prohibited, from among other things, opposing
confirmation of the Plan. The Debtors, in turn, agreed to propose
the Plan which provides for (a) payment in full in cash to the
Debtors' general unsecured trade creditors and holders of claims
arising from the Company's $75 million revolving credit facility,
(b) either payment in full in cash or by delivery of replacement
notes to holders of 8.875% First-Priority Senior Secured Notes due
2020 and 10% Senior Secured Notes due 2020, (c) conversion of the
Second Lien Notes into the new equity of the reorganized Debtors
(subject to dilution by a management incentive plan and the new
equity to be issued by a rights offering), (d) subscription rights
to holders of Second Lien Notes in a $600 million rights offering,
giving such holders the opportunity to purchase a percentage of
the new equity of the reorganized Debtors at a price per share
determined by using the pro forma capital structure and an
enterprise value of $2.2 billion and applying a 15% discount to
the equity value thereto, (e) a recovery to holders of the 11%
Senior Discount Note, due June 4, 2017 of MPM Holdings in the
amount of the cash available at MPM Holdings as of the effective
date of the Plan, after taking into account administrative
expenses, and (f) no recovery to the holders of 11-1/2% Senior
Subordinated Notes due 2016 on account of the subordination
provisions set forth in the indenture governing the Subordinated
Notes.

The Plan also provides that the reorganized Debtors will select a
chief executive officer, chief financial officer and general
counsel who are acceptable to the Requisite Investors and the
costs for whom will not be shared with Momentive Specialty
Chemicals Inc. under the Shared Services Agreement between the
Company and MSC.  Under the Plan, the Shared Services Agreement
will be amended, subject to agreement by MSC, to provide for
certain transition services in the event of a termination of the
Shared Services Agreement.

The Support Agreement may be terminated upon the occurrence of
certain events, including: (a) certain breaches by the Debtors or
Plan Support Parties under the Support Agreement; (b) the failure
to meet certain milestones with respect to achieving confirmation
and consummation of the Plan; (c) the amendment or modification of
certain documents, including the Plan, without the consent of the
Plan Support Parties; (d) the occurrence of an uncured event of
default under the Debtors' DIP Facilities; and (e) the
determination by the Company's board of directors, upon the advice
of counsel, that fiduciary obligations require the Company to
terminate the Company's obligations under the Support Agreement.

On June 23, 2014, the Court found that the terms and conditions of
the Support Agreement were fair, reasonable and the best available
to the Debtors under the circumstances and issued an order
authorizing and directing the Debtors to assume the Support
Agreement.

                  Backstop Commitment Agreement

On May 9, 2014, the Company entered into the Backstop Commitment
Agreement, as subsequently amended (the "BCA"), among the Company,
MPM Holdings, and the commitment parties party thereto.  The BCA
provides that upon the satisfaction of certain terms and
conditions, including the confirmation of the Plan, the Company
will have the option to require each Commitment Party to purchase
from the Company (on a several and not joint basis) its pro rata
portion, based on such Commitment Party's backstop commitment
percentage, of the common stock of the reorganized Company that is
not otherwise purchased in connection with the $600 million rights
offerings for New Common Stock to be made in connection with the
Plan.

In consideration for their commitment to purchase the Unsubscribed
Shares, the Commitment Parties will receive a commitment premium
equal to $30 million.  The BCA Commitment Premium is payable in
shares of New Common Stock; provided, that, if the BCA is
terminated under certain circumstances, the BCA Commitment Premium
will be payable in cash.  Pursuant to the terms of the BCA, the
BCA Commitment Premium was deemed earned, nonrefundable and non-
avoidable upon entry of the approval order by the Court.

The Company also has agreed to reimburse the Commitment Parties
for all reasonable fees and expenses incurred in connection with,
among other things, the negotiation, preparation and
implementation of the rights offerings, the Plan and any related
efforts. In addition, the BCA requires that the Company and the
other Debtors shall indemnify the Commitment Parties for certain
losses, claims, damages, liabilities, costs and expenses arising
out of or in connection with the BCA, the Plan and the related
transactions.

On June 23, 2014, the Court found that the terms and conditions of
the Support Agreement were fair, reasonable and the best available
to the Debtors under the circumstances, and issued an order
authorizing and directing the Debtors to enter into, execute,
deliver and implement the BCA.

Attorneys for BOKF, NA, as First Lien Trustee, are:

     Michael J. Sage, Esq.
     Brian E. Greer, Esq.
     Mauricio A. Espana, Esq.
     DECHERT LLP
     1095 Avenue of the Americas
     New York, NY 10036-6797
     Telephone: (212) 698-3500
     Facsimile: (212) 698-3599

Counsel to Apollo Global Management, LLC and certain of its
affiliated funds are:

     Ira S. Dizengoff, Esq.
     Philip C. Dublin, Esq.
     Abid Qureshi, Esq.
     Deborah J. Newman, Esq.
     AKIN GUMP STRAUSS HAUER & FELD LLP
     One Bryant Park
     New York, NY 10036
     Tel: (212) 872-1000
     Fax: (212) 872-1002

          - and -

     Ashleigh L. Blaylock, Esq.
     AKIN GUMP STRAUSS HAUER & FELD LLP
     1333 New Hampshire Avenue, NW
     Washington, DC 20036
     Tel: (202) 887-4000
     Fax: (202) 887-4288

Attorneys for Ad Hoc Committee of Second Lien Noteholders:

     Dennis F. Dunne, Esq.
     Michael Hirschfeld, Esq.
     Samuel A. Khalil, Esq.
     MILBANK, TWEED, HADLEY & McCLOY LLP
     1 Chase Manhattan Plaza
     New York, NY 10005-1413
     Telephone: (212) 530-5000
     Facsimile: (212) 530-5219
     E-mail: ddunne@milbank.com
             skhalil@milbank.com

                  About Momentive Performance

Momentive Performance is one of the world's largest producers of
silicones and silicone derivatives, and is a global leader in the
development and manufacture of products derived from quartz and
specialty ceramics.  Momentive has a 70-year history, with its
origins as the Advanced Materials business of General Electric
Company.  In 2006, investment funds affiliated with Apollo Global
Management, LLC, acquired the company from GE.

As of Dec. 31, 2013, the Company had 4,500 employees worldwide, of
which 46% of the Company's employees are members of a labor union
or are represented by workers' councils that have collective
bargaining agreements.

Momentive Performance Materials Inc., Momentive Performance
Materials Holdings Inc., and their affiliates sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 14-22503) on April 14,
2014, with a deal with noteholders on a balance-sheet
restructuring.

As of Dec. 31, 2013, the Debtors had $4.114 billion of
consolidated outstanding indebtedness, including payments due
within the next 12 months and short-term borrowings.  The Debtors
said that the restructuring will eliminate $3 billion in debt.

The Debtors have tapped Willkie Farr & Gallagher LLP as bankruptcy
counsel with regard to the filing and prosecution of these chapter
11 cases; Sidley Austin LLP as special litigation counsel; Moelis
& Company LLC as financial advisor and investment banker;
AlixPartners, LLP as restructuring advisor; PricewaterhouseCoopers
as auditor; and Crowe Horwath LLP as benefit plan auditor.
Kurtzman Carson Consultants LLC is the notice and claims agent.

The U.S. Trustee for Region 2 appointed seven members to serve on
the Official Committee of Unsecured Creditors of the Debtors'
cases.   Klee, Tuchin, Bogdanoff & Stern LLP serves as its
counsel.  FTI Consulting, Inc., serves as its financial advisor.
Rust Consulting Omni Bankruptcy serves as its information agent.


MOMENTIVE PERFORMANCE: Insurance Premium Financing Deal Okayed
--------------------------------------------------------------
MPM Silicones, LLC, Momentive Performance Materials Holdings Inc.,
Momentive Performance Materials Inc., and their affiliated debtors
won approval from the Bankruptcy Court to enter into premium
finance agreements for the purpose of financing the payment of
premiums with respect to several forms of insurance coverage.

Specifically, the Debtors obtained authority to enter into and
perform all obligations under three Commercial Insurance Premium
Finance and Security Agreements with Aon Premium Finance, LLC and
certain of its affiliates for the financing of premiums required
under certain insurance policies, which the Debtors have renewed
postpetition.

While the Debtors entered into the Premium Finance Agreements with
APF, APF has assigned its rights under the Premium Finance
Agreements to FIRST Insurance Funding Corp.

The Prepetition Policies required renewal by July 1, 2014 and the
Debtors have secured renewal Policies and proposed entering into
the Premium Finance Agreements to finance the Policy Premiums.
The insurance companies providing the Policies have historically
allowed the Debtors a short "grace" period of approximately 30
days before payment of the Policy Premiums, to permit the Debtors
to arrange financing for such payment.

The Premium Finance Agreements provide for:

     (a) A Premium Finance Agreement with Aon Risk Services
Northeast Inc. (the "U.S. PFA"), which will provide $4,963,228.78
in financing to the Debtors for the payment of Policy Premiums
totaling $6,733,304.93.  Pursuant to the terms of the U.S. PFA,
the Debtors will make a down payment on the Policy Premiums in the
amount of $1,770,076.15 and will pay the remainder, including
interest at the rate of 3.24%, in 10 monthly installments of
$503,723.08 each, which are due on the first day of each month,
commencing on August 1, 2014.

     (b) A Premium Finance Agreement with Aon UK Limited (the
"U.K. PFA"), which will provide $437,856.63 in financing to the
Debtors for the payment of the Policy Premiums totaling
$596,308.84.  Pursuant to the terms of the U.K. PFA, the Debtors
will make a down payment on the Policy Premiums in the amount of
$158,452.21 and will pay the remainder, including interest at the
rate of 3.24%, in 10 monthly installments of $44,438.51 each,
which are due on the first day of each month, commencing on August
1, 2014.

     (c) A Premium Finance Agreement with Aon (Bermuda) Ltd. (the
"Bermuda PFA"), which will provide $251,925.00 in financing to the
Debtors for the payment of the Policy Premiums totaling
$335,900.00.  Pursuant to the terms of the Bermuda PFA, the
Debtors will make a down payment on the Policy Premiums in the
amount of $83,975.00, and will pay the remainder, including
interest at the rate of 3.24%, in 10 monthly installments of
$25,568.12 each, which are due on the first day of each month,
commencing on August 1, 2014.

As collateral to secure the repayment of the indebtedness under
the Premium Finance Agreements, the Debtors will grant APF and
FIFC a security interest in, among other things, the unearned
Policy Premiums.

                  About Momentive Performance

Momentive Performance is one of the world's largest producers of
silicones and silicone derivatives, and is a global leader in the
development and manufacture of products derived from quartz and
specialty ceramics.  Momentive has a 70-year history, with its
origins as the Advanced Materials business of General Electric
Company.  In 2006, investment funds affiliated with Apollo Global
Management, LLC, acquired the company from GE.

As of Dec. 31, 2013, the Company had 4,500 employees worldwide, of
which 46% of the Company's employees are members of a labor union
or are represented by workers' councils that have collective
bargaining agreements.

Momentive Performance Materials Inc., Momentive Performance
Materials Holdings Inc., and their affiliates sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 14-22503) on April 14,
2014, with a deal with noteholders on a balance-sheet
restructuring.

As of Dec. 31, 2013, the Debtors had $4.114 billion of
consolidated outstanding indebtedness, including payments due
within the next 12 months and short-term borrowings.  The Debtors
said that the restructuring will eliminate $3 billion in debt.

The Debtors have tapped Willkie Farr & Gallagher LLP as bankruptcy
counsel with regard to the filing and prosecution of these chapter
11 cases; Sidley Austin LLP as special litigation counsel; Moelis
& Company LLC as financial advisor and investment banker;
AlixPartners, LLP as restructuring advisor; PricewaterhouseCoopers
as auditor; and Crowe Horwath LLP as benefit plan auditor.
Kurtzman Carson Consultants LLC is the notice and claims agent.

The U.S. Trustee for Region 2 appointed seven members to serve on
the Official Committee of Unsecured Creditors of the Debtors'
cases.   Klee, Tuchin, Bogdanoff & Stern LLP serves as its
counsel.  FTI Consulting, Inc., serves as its financial advisor.
Rust Consulting Omni Bankruptcy serves as its information agent.


MOMENTIVE PERFORMANCE: Amends Schedules of Assets and Liabilities
-----------------------------------------------------------------
MPM Silicones, LLC, et al., filed with the U.S. Bankruptcy Court
for the Southern District of New York amended schedules of assets
and liabilities in mid-July 2014.

The Amended Schedules include (i) Schedule E-2 (administrative
expense claims), which serves as a new exhibit to Schedule E for
Debtor MPM Silicones LLC, and (ii) an amended Schedule F-2 (trade
payables) for Debtor MPM Silicones LLC.

Moreover, the Amended Schedules are intended to reflect the
creditors holding unsecured priority and non-priority claims
against MPM Silicones LLC as of July 15, 2014.

Accordingly, the Amended Schedules reflect these items:

     Name of Schedule              Assets          Liabilities
     ----------------            -----------       -----------
  A. Real Property               $98,349,883
  B. Personal Property          $451,408,077
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                             $2,805,644,350
  E. Creditors Holding
     Unsecured Priority
     Claims                                         $5,009,593
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $709,721,046
                                 -----------       -----------
        TOTAL                   $549,757,960    $3,520,374,989

The original Schedules filed last June 4, 2014, disclose
$549,757,960 in total assets and $3,518,234,293 in total
liabilities.

A copy of the Amended Schedules of Assets and Liabilities dated
July 15, 2014, is available for free at:

      http://bankrupt.com/misc/MPMSILICONES_AmdSALjul15.pdf

                    About Momentive Performance

Momentive Performance is one of the world's largest producers of
silicones and silicone derivatives, and is a global leader in the
development and manufacture of products derived from quartz and
specialty ceramics.  Momentive has a 70-year history, with its
origins as the Advanced Materials business of General Electric
Company.  In 2006, investment funds affiliated with Apollo Global
Management, LLC, acquired the company from GE.

As of Dec. 31, 2013, the Company had 4,500 employees worldwide, of
which 46% of the Company's employees are members of a labor union
or are represented by workers' councils that have collective
bargaining agreements.

Momentive Performance Materials Inc., Momentive Performance
Materials Holdings Inc., and their affiliates sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 14-22503) on April 14,
2014, with a deal with noteholders on a balance-sheet
restructuring.

As of Dec. 31, 2013, the Debtors had $4.114 billion of
consolidated outstanding indebtedness, including payments due
within the next 12 months and short-term borrowings.  The Debtors
said that the restructuring will eliminate $3 billion in debt.

The Debtors have tapped Willkie Farr & Gallagher LLP as bankruptcy
counsel with regard to the filing and prosecution of these chapter
11 cases; Sidley Austin LLP as special litigation counsel; Moelis
& Company LLC as financial advisor and investment banker;
AlixPartners, LLP as restructuring advisor; PricewaterhouseCoopers
as auditor; and Crowe Horwath LLP as benefit plan auditor.
Kurtzman Carson Consultants LLC is the notice and claims agent.

The U.S. Trustee for Region 2 appointed seven members to serve on
the Official Committee of Unsecured Creditors of the Debtors'
cases.   Klee, Tuchin, Bogdanoff & Stern LLP serves as its
counsel.  FTI Consulting, Inc., serves as its financial advisor.
Rust Consulting Omni Bankruptcy serves as its information agent.


MOMENTIVE PERFORMANCE: Net Loss Widens to $106MM at 2014 Q2
-----------------------------------------------------------
Momentive Performance Materials Inc. delivered to the Securities
and Exchange Commission its quarterly report on Form 10-Q for the
three- and six- months ended June 30, 2014.

Momentive posted net sales of $637 million for the three months
ended June 30, 2014, up from $610 million for the same period in
2013.  It posted net sales of $1,242 million for the six months
ended June 30, 2014, up from $1,180 million for the same six-month
period in 2013.

Momentive posted a net loss of $106 million for the three months
ended June 30, 2014, wider than the $70 million for the same
period in 2013.  It had a net loss of $162 million for the six
months ended June 30, 2014, also wider than the $131 million
during the same period in 2013.

Momentive had total assets of $2,771 million against total
liabilities of $4,429 million at June 30, 2014.

A copy of the Form 10-Q report is available at http://is.gd/vtPld1

                   About Momentive Performance

Momentive Performance is one of the world's largest producers of
silicones and silicone derivatives, and is a global leader in the
development and manufacture of products derived from quartz and
specialty ceramics.  Momentive has a 70-year history, with its
origins as the Advanced Materials business of General Electric
Company.  In 2006, investment funds affiliated with Apollo Global
Management, LLC, acquired the company from GE.

As of Dec. 31, 2013, the Company had 4,500 employees worldwide, of
which 46% of the Company's employees are members of a labor union
or are represented by workers' councils that have collective
bargaining agreements.

Momentive Performance Materials Inc., Momentive Performance
Materials Holdings Inc., and their affiliates sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 14-22503) on April 14,
2014, with a deal with noteholders on a balance-sheet
restructuring.

As of Dec. 31, 2013, the Debtors had $4.114 billion of
consolidated outstanding indebtedness, including payments due
within the next 12 months and short-term borrowings.  The Debtors
said that the restructuring will eliminate $3 billion in debt.

The Debtors have tapped Willkie Farr & Gallagher LLP as bankruptcy
counsel with regard to the filing and prosecution of these chapter
11 cases; Sidley Austin LLP as special litigation counsel; Moelis
& Company LLC as financial advisor and investment banker;
AlixPartners, LLP as restructuring advisor; PricewaterhouseCoopers
as auditor; and Crowe Horwath LLP as benefit plan auditor.
Kurtzman Carson Consultants LLC is the notice and claims agent.

The U.S. Trustee for Region 2 appointed seven members to serve on
the Official Committee of Unsecured Creditors of the Debtors'
cases.   Klee, Tuchin, Bogdanoff & Stern LLP serves as its
counsel.  FTI Consulting, Inc., serves as its financial advisor.
Rust Consulting Omni Bankruptcy serves as its information agent.


MONARCH COMMUNITY: Posts $46,000 Net Income in 2nd Qtr 2014
-----------------------------------------------------------
Monarch Community Bancorp, Inc., filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing net income of $46,000 on $1.87 million of total
interest income for the three months ended June 30, 2014, compared
to a net loss of $824,000 on $1.83 million of total interest
income for the same period during the prior year.

For the six months ended June 30, 2014, the Company reported net
income of $64,000 on $3.74 million of total interest income
compared to a net loss of $1.15 million on $3.78 million of total
interest income for the same period a year ago.

As of June 30, 2014, the Company had $188.80 million in total
assets, $168.85 million in total liabilities and $19.95 million in
total stockholders' equity.

A full-text copy of the Form 10-Q is available for free at:

                        http://goo.gl/E8IpqM

                       About Monarch Community

Coldwater, Michigan-based Monarch Community Bancorp, Inc., was
incorporated in March 2002 under Maryland law to hold all of the
common stock of Monarch Community Bank, formerly known as Branch
County Federal Savings and Loan Association.  The Bank converted
to a stock savings institution effective Aug. 29, 2002.  In
connection with the conversion, the Company sold 2,314,375 shares
of its common stock in a subscription offering.

Monarch Community reported a net loss available to common
stockholders of $2.55 million in 2013, a net loss available to
common stockholders of $741,000 in 2012 and a net loss of $353,000
in 2011.


MORRISON INFORMATICS: Shareholder Suit Over Embezzlement Revived
----------------------------------------------------------------
Law360 reported that a Pennsylvania appeals court revived a
lawsuit brought by shareholders of Morrison Informatics Inc.
alleging two former employees stole money to gamble and sent the
health care consulting firm into bankruptcy as well as accusing
their bank of breach of contract, saying the shareholders can
amend the complaint to name the bankruptcy trustee as plaintiff.
According to the report, the Superior Court of Pennsylvania ruled
that the trial court wrongly refused to let shareholders Anthony
M. Grigonis and Malcolm H. Morrison amend their complaint.


N-VIRO INTERNATIONAL: Delays Second Quarter Form 10-Q Report
------------------------------------------------------------
N-Viro International Corporation filed with the U.S. Securities
and Exchange Commission a Notification of Late Filing on Form
12b-25 with respect to its quarterly report on Form 10-Q for the
quarter ended June 30, 2014.  The Company said it was unable to
complete the preparation of the financial statement within the
required time period without unreasonable effort or expense due to
delays in gathering and the review of financial information needed
to complete the preparation and inclusion of the required
financial statement.

                     About N-Viro International

Toledo, Ohio-based N-Viro International Corporation owns and
sometimes licenses various N-Viro processes and patented
technologies to treat and recycle wastewater and other bio-organic
wastes, utilizing certain alkaline and mineral by-products
produced by the cement, lime, electrical generation and other
industries.

N-Viro International reported a net loss of $1.64 million on $3.37
million of revenues for the year ended Dec. 31, 2013, as compared
with a net loss of $1.63 million on $3.58 million of revenues
during the prior year.

As of March 31, 2014, the Company had $1.47 million in total
assets, $2.37 million in total liabilities and a $896,224 total
stockholders' deficit.

UHY LLP, in Farmington Hills, Michigan, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company's recurring losses, negative cash flow from operations
and net working capital deficiency raise substantial doubt about
its ability to continue as a going concern.


NEPHROS INC: Incurs $654,000 Net Loss in Second Quarter
-------------------------------------------------------
Nephros, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $654,000 on $441,000 of total net revenues for the three months
ended June 30, 2014, compared with a net loss of $671,000 on
$575,000 of total net revenues for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $1.41 million on $915,000 of total net revenues compared
with a net loss of $1.91 million on $1.09 million of total net
revenues for the same period during the prior year.

As of June 30, 2014, the Company had $2.35 million in total
assets, $2.13 million in total liabilities and $216,000 in total
stockholders' equity.

At June 30, 2014, the Company had an accumulated deficit of
approximately $102,642,000 and the Company expects to incur
additional losses in the foreseeable future at least until such
time, if ever, that the Company is able to increase product sales
or license revenue.

A full-text copy of the Form 10-Q is available for free at:

                         http://is.gd/R5nGMb

                             About Nephros

River Edge, N.J.-based Nephros, Inc., is a commercial stage
medical device company that develops and sells high performance
liquid purification filters.  Its filters, which it calls
ultrafilters, are primarily used in dialysis centers and
healthcare facilities for the production of ultrapure water and
bicarbonate.

Nephros, Inc., reported a net loss of $3.69 million in 2013
following a net loss of $3.26 million in 2012.

Rothstein Kass, in Roseland, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that the
Company has incurred negative cash flow from operations and net
losses since inception.  These conditions, among others, raise
substantial doubt about its ability to continue as a going
concern.


NET ELEMENT: Posts $1.3 Million Net Income in Second Quarter
------------------------------------------------------------
Net Element, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q reporting net income
of $1.34 million on $4.91 million of net revenues for the three
months ended June 30, 2014, compared to a net loss of $20.23
million on $5.60 million of net revenues for the same period a
year ago.

For the six months ended June 30, 2014, the Company reported a net
loss of $2.24 million on $9.75 million of net revenues compared to
a net loss of $23.46 million on $6.47 million of net revenues for
the same period during the prior year.

The Company's balance sheet at June 30, 2014, showed $16.57
million in total assets, $22.79 million in total liabilities and a
$6.21 million total stockholders' deficit.

The Company's cash balance at June 30, 2014, was approximately
$1.3 million, compared with a cash balance of approximately $0.1
million at December 31, 2013.  The $1.2 million increase in the
Company's cash balance generally is attributable to positive
operating cash flow activities, favorable impact on foreign
currency translation from the functional currency of the Company's
Russia operations to its reporting currency offset by cash used in
investing and financing activities.

"We believe that our existing cash balance in connection with
available funding sources will be sufficient to fund our planned
operations through the remainder of 2014," the Company stated in
the Report.

A full-text copy of the Form 10-Q is available for free at:

                        http://goo.gl/G9chd2

                         About Net Element

Miami, Fla.-based Net Element, Inc. (formerly Net Element
International, Inc.) is a financial technology-driven group
specializing in mobile payments and other transactional services
in emerging countries and in the United States.  The Company
operates in a single operating segment, that being a provider of
transactional services and mobile payment solutions.  The
Company's operating segment is based on geographic location.
Geographic areas in which the Company operates include the United
States, where through its U.S. based subsidiaries it generates
revenues from transactional services and other payment
technologies for small and medium-sized businesses.  Through TOT
Group Russia and Net Element Russia, the Company operates the
Company's international segment focused on transactional services,
mobile payments transactions and other payment technologies in
emerging countries including Russian Federation and the
Commonwealth of Independent States ("CIS").

Net Element reported a net loss of $48.31 million in 2013, as
compared with a net loss of $16.38 million in 2012.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has suffered recurring losses from operations and has
used substantial amounts of cash to fund its operating activities
that raise substantial doubt about its ability to continue as a
going concern.


NEW LIFE: Gets Conditional Confirmation of Plan
-----------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports New Life International, a Nashville, Tennessee-based
charitable organization, received tentative approval of its
Chapter 11 liquidating plan, subject to further review by the
state attorney general.

According to the report, the bankruptcy judge in Nashville gave
the Tennessee attorney general until Aug. 26 if he chooses to
pursue a renewed objection to the confirmation of the plan so that
a hearing can be held on Sept. 2.  If the attorney general doesn't
file a renewed objection by the deadline, New Life can give the
judge an order to sign that "unconditionally" confirms the plan,
the report related.

                         About New Life

New Life International, a religious corporation originally
incorporated under the name "World Bible Society", sought Chapter
11 bankruptcy protection (Bankr. M.D. Tenn. Case No. 13-bk-10974)
in Nashville, Tennessee, on Dec. 31, 2013.

The Debtor disclosed $44,651,301 in assets and $46,362,805 in
liabilities as of the Chapter 11 filing.

NLI's sources of revenue include donations of goods, money and
other property, investment earnings, sale of Christian-themed
merchandise and earnings from other real estate and operating
entities.  Other names used by the Debtor are the National
Community Foundation, The New Life Group, and Band Angels.

The Debtor has tapped Gullett Sanford Robinson & Martin, PLLC as
attorneys and Kraft CPAs Turnaround & Restructuring Group, PLLC,
as financial consultant.

The U.S. Trustee for Region 8 appointed an official committee of
unsecured creditors consisting of Robert T. Abbotts, Dorothy F.
Mack, James D. Rice, Richard M. Taylor, and Sharon L. Upton-Rice.
Bradley, Arant, Boult, Cumming LLP serves as counsel to the
Committee.


NEXT 1 INTERACTIVE: Amends Certificates of Designations
-------------------------------------------------------
Next 1 Interactive, Inc., filed (i) an Amendment to its Series C
Certificate of Designation with the Secretary of State of the
State of Nevada to change the conversion price from $5.00 to a new
conversion price of $.25; and (ii) an Amendment to its Series D
Certificate of Designation with the Secretary of State of the
State of Nevada to change the conversion price from $5.00 to a new
conversion price of $.25.

                     About Next 1 Interactive

Weston, Fla.-based Next 1 Interactive, Inc., is the parent company
of RRTV Network (formerly Resort & Residence TV), Next Trip -- its
travel division, and Next One Realty -- its real estate division.
The Company is positioning itself to emerge as a multi revenue
stream "Next Generation" media-company, representing the
convergence of TV, mobile devices and the Internet by providing
multiple platform dynamics for interactivity on TV, Video On
Demand (VOD) and web solutions.  The Company has worked with
multiple distributors beta testing its platforms as part of its
roll out of TV programming and VOD Networks.  The list of multi-
system operators the Company has worked with includes Comcast,
Cox, Time Warner and Direct TV.  At present the Company operates
the Home Tour Network through its minority owned/joint venture
real estate partner -- RealBiz Media.  As of July 17, 2012, the
Home Tour Network features over 4,300 home listings in four cities
on the Cox Communications network.

The Company incurred a net loss of $18.29 million on $1.56 million
of total revenues for the year ended Feb. 28, 2014, as compared
with a net loss of $4.23 million on $987,115 of total revenues for
the year ended Feb. 28, 2013.

The Company's balance sheet at May 31, 2014, showed $4.53 million
in total assets, $13.01 million in total liabilities and a $8.47
million total stockholders' deficit.

D'Arelli Pruzansky, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Feb. 28, 2014.  The independent auditors noted
that the Company has incurred net losses of $18,295,802 and net
cash used in operations of $4,590,428 for the year ended Feb. 28,
2014, and the Company had an accumulated deficit of $87,625,076
and a working capital deficit of $13,549,796 at Feb. 28, 2014.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.

                         Bankruptcy Warning

"If we continue to experience liquidity issues and are unable to
generate revenue, we may be unable to repay our outstanding debt
when due and may be forced to seek protection under the federal
bankruptcy laws," the Company said in the fiscal 2013 Annual
Report.


NII HOLDINGS: Reports $968 Million of Revenue in Second Quarter
---------------------------------------------------------------
NII Holdings reported a net loss of $623.3 million on $968.8
million of operating revenues for the three months ended June 30,
2014, as compared with a net loss of $396.4 million on $1.25
billion of operating revenues for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $999.4 million on $1.93 billion of operating revenues as
compared with a net loss of $603.9 million on $2.59 billion of
operating revenues for the same period during the prior year.

As of June 30, 2014, the Company had $7.43 billion in total
assets, $8.02 billion in total liabilities and a $583.5 million
total stockholders' deficit.

"Despite the actions we've taken to improve our operational
performance, we have fallen short in our efforts, leaving the
Company with a liquidity position that is not sufficient to
support the business," said Steve Shindler, NII Holdings' chief
executive officer.  "Our subscriber base in Brazil continued to
grow during the second quarter overcoming a market slowdown during
the World Cup and higher iDEN churn.  While our subscriber losses
in Mexico were lower than last quarter, we are still short of
where we need to be in that market.  We will continue to take
actions to improve our results in Mexico including the
optimization of our distribution channels and the staging of our
3G services to more effectively attract new customers.  We are
excited that Salvador Alvarez has joined our team as President of
Nextel Mexico as we work to return to subscriber growth.  However,
with our current liquidity position and the cash demands on our
business, these ongoing initiatives will not be sufficient to
allow the Company to continue to operate unless we are able to
restructure our debt obligations, find a strategic solution or
some combination of those approaches.  As a result, we will need
to make some key decisions in the short term to address our
liquidity situation in an effort to secure the best possible path
forward for our stakeholders."

A full-text copy of the press release is available for free at:

                         http://is.gd/4frQx3

                          About NII Holdings

NII Holdings, Inc., a publicly held company based in Reston, Va.,
is a provider of differentiated mobile communication services for
businesses and high value consumers in Latin America.  NII
Holdings, operating under the Nextel brand in Brazil, Mexico,
Argentina and Chile, offers fully integrated wireless
communications tools with digital cellular voice services, data
services, wireless Internet access and Nextel Direct Connect(R)
and International Direct ConnectSM, a digital two-way radio. NII
Holdings is a Fortune 500 and Barron's 500 company, and has also
been named one of the best places to work among multinationals in
Latin America by the Great Place to Work(R) Institute.  The
Company trades on the NASDAQ market under the symbol NIHD. Visit
the Company's Web site at www.nii.com.

                             *   *    *

As reported by the TCR on March 5, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating on Reston, Va.-based
wireless carrier NII Holdings Inc. (NII) to 'CCC' from 'CCC+'.
"The downgrade follows the company's poor fourth-quarter 2013
results that were below our expectations, and its disclosure that
its auditors have uncertainty about the company's ability to
continue as a going concern," said Standard & Poor's credit
analyst Allyn Arden.

The TCR also reported on March 5, 2014, that Moody's Investors
Service downgraded the corporate family rating (CFR) of NII
Holdings Inc. ("NII" or "the company") to Caa1 from B3.  The
downgrade reflects the company's poor 2013 operating performance
and the risk that the company will violate the covenants governing
its Mexican and Brazilian subsidiary debt, which could trigger an
event of default for up to $4.4 billion of debt issued by
intermediate holding companies NII Capital Corp. and NII
International Telecom S.C.A.

                         Bankruptcy Warning

"We believe we are currently in compliance with the indentures
governing our senior notes.  However, a holder of more than 25% of
our 8.875% senior notes, issued by NII Capital Corp. and due
December 15, 2019, has provided a notice of default in connection
with these notes.  We believe that the allegations contained in
the notice are without merit," the Company said in the Report.

"Currently we have not entered into any agreements relating to any
potential strategic transactions or any potential restructuring of
our obligations.  There can be no assurance that these efforts
will result in any such agreement.  If an agreement is reached and
we decide to pursue a restructuring either on a standalone basis
or in conjunction with one or more other potential actions, we
expect that it will be necessary for us to file a voluntary
petition for relief under Chapter 11 of the Bankruptcy Code in
order to implement it through the confirmation and consummation of
a plan of reorganization approved by the bankruptcy court in the
bankruptcy proceedings.  We may also conclude that it is necessary
to initiate Chapter 11 proceedings to implement a restructuring
of our obligations even if we are unable to reach an agreement
with our creditors and other relevant parties regarding the terms
of such a restructuring.  In either case, such a proceeding could
be commenced in the very near future," the Company said in the
quarterly report for the period ended June 30, 2014.


NTELOS HOLDINGS: S&P Raises Corp. Credit Rating to 'B+'
-------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Waynesboro, Va.-based wireless provider NTELOS Holdings
Corp. to 'B+' from 'B'.  The outlook is stable.

At the same time, S&P raised the rating on NTELOS's senior secured
debt to 'B+' from 'B'.  The recovery rating remains '4' and
reflects S&P's expectation for average (30%-50%) recovery for
lenders in the event of payment default.

S&P removed all ratings on NTELOS from CreditWatch, where it had
placed them with positive implications on May 28, 2014 following
the announcement that the company had extended its wholesale
agreement whereby it will remain as Sprint Corp.'s exclusive
network provider in NTELOS's West Virginia and western Virginia
footprint though 2022.

"The ratings upgrade reflects our view that the wholesale
extension will provide some visibility into future revenue and
cash flow, notwithstanding our expectation for lower EBITDA in
2014 and 2015 as well as higher capital expenditures to support
the company's LTE network build," said Standard & Poor's credit
analyst Allyn Arden.

As a result of this increased visibility, S&P is revising its
business risk assessment upward by one category, to "weak" from
"vulnerable."  Moreover, S&P expects leverage to be in the high-4x
area over the next couple of years, which supports the 'B+'
rating, although it is at the high end for that rating category.

Under the revised agreement, management expects that revenue from
the Sprint wholesale agreement will decline around 4%-6% compared
with the prior agreement and that total EBITDA could be as much as
15% lower in 2014.  NTELOS will also spend around $150 million to
$175 million in capital expenditures to complete the required LTE
network buildout by mid-2017 but will eliminate its $36 million
annual dividend, which modestly reduces the impact of the cash
outflow for the LTE build.

The outlook is stable.  The fixed-fee element from NTELOS's
contract with Sprint provides a measure of revenue and EBITDA
visibility.  Still, S&P expects the company will face ongoing
competitive pressures from other wireless carriers resulting in
some retail subscriber losses.

S&P could lower the rating if there is material erosion in the
retail wireless customer base with no offsetting growth in ARPU.
For example, a reduction in sales of wholesale minutes to Sprint
that leads to wholesale revenues approaching the minimum guarantee
level, along with competitive pressure, could result in leverage
rising above 5x on a sustained basis.  S&P believes such a
scenario could cause the consolidated EBITDA margin to decline to
below 24% on a sustained basis, which along with elevated
leverage, would likely result in a lower rating.

Prospects for an upgrade over the next 12 months are limited given
constraints on S&P's business risk assessment due to the company's
limited scale.  For consideration of an upgrade, NTELOS would need
to reduce leverage to below 4x on a sustained basis, which will be
challenging given the retail segment's dependence on a single,
small, and highly competitive wireless market.


OSAGE EXPLORATION: Had $4MM Q2 Loss, Warns of Possible Bankruptcy
-----------------------------------------------------------------
Osage Exploration and Development, Inc., filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing a net loss of $4.39 million on $2.47 million of
total operating revenues for the three months ended June 30, 2014,
compared to net income of $30,702 on $1.31 million of total
operating revenues for the same period in 2013.

For the six months ended June 30, 2014, the Company incurred a net
loss of $5.33 million on $5.11 million of total operating revenues
compared to a net loss of $42,723 on $2.52 million of total
operating revenues for the same period during the previous year.

As of June 30, 2014, the Company had $49.57 million in total
assets, $32.97 million in total liabilities and $16.60 million in
total stockholders' equity.

"The Company's operating plans require additional funds which may
take the form of debt or equity financings.  The Company's ability
to continue as a going concern is in substantial doubt and is
dependent upon achieving profitable operations and obtaining
additional financing.  There is no assurance additional funds will
be available on acceptable terms or at all.  In the event we are
unable to continue as a going concern, we may elect or be required
to seek protection from our creditors by filing a voluntary
petition in bankruptcy or may be subject to an involuntary
petition in bankruptcy," the Company stated in the Report.

A full-text copy of the Form 10-Q is available for free at:

                         http://is.gd/HrWTDg

                       About Osage Exploration

Based in San Diego, California with production offices in Oklahoma
City, Oklahoma, and executive offices in Bogota, Colombia, Osage
Exploration and Development, Inc. (OTC BB: OEDV) --
http://www.osageexploration.com/-- is an independent exploration
and production company with interests in oil and gas wells and
prospects in the US and Colombia.

Osage Exploration reported net income of $3.85 million on $8.02
million of total operating revenues for the year ended Dec. 31,
2013, as compared with a net loss of $516,706 on $2.26 million of
total operating revenues for the year ended Dec. 31, 2012.

Mayer Hoffman McCann P.C., in San Diego, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has incurred recurring losses from
operations and, as of December 31, 2013, has current liabilities
significantly in excess of current assets.  These conditions,
among other things, raise substantial doubt about its ability to
continue as a going concern.


OXYSURE SYSTEMS: Incurs $320,000 Net Loss in Second Quarter
-----------------------------------------------------------
Oxysure Systems, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $319,508 on $678,111 of net revenues for the three months ended
June 30, 2014, compared to a net loss of $231,937 on $476,071 of
net revenues for the same period in 2013.

Net loss for the six months ended June 30, 2014, was $695,828
compared to a net loss of $474,090 for the same period last year.
For the six months ended June 30, 2014, the Company had net
revenues of $1.03 million compared to net revenues of $716,491 for
the same period a year ago.

As of June 30, 2014, the Company had $2.02 million in total
assets, $1.15 million in total liabilities and $867,239 in total
stockholders' equity.

"We completed product development of our launch product, the
OxySure Model 615 and launched sales thereof in 2008.  We have and
will continue to use significant capital to manufacture and
commercialize our products.  These factors raise doubt about our
ability to continue as a going concern.  In this regard,
management is proposing to raise any necessary additional funds
not provided by operations through loans or through additional
sales of our common stock," the Company said in the Form 10-Q
Report.

A full-text copy of the Quarterly Report is available at:

                        http://is.gd/9nuHVD

                        About OxySure Systems

Frisco, Tex.-based OxySure Systems, Inc. (OTC QB: OXYS) is a
medical technology company that focuses on the design, manufacture
and distribution of specialty respiratory and emergency medical
solutions.  The company pioneered a safe and easy to use solution
to produce medically pure (USP) oxygen from inert powders.  The
Company owns nine (9) issued patents and patents pending on this
technology which makes the provision of emergency oxygen safer,
more accessible and easier to use than traditional oxygen
provision systems.

The Company incurred a net loss of $712,452 in 2013 as compared
with a net loss of $1.14 million in 2012.

Sadler, Gibb & Associates, LLC, in Salt Lake, UT, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company had accumulated losses of $15,287,647 as of
Dec. 31, 2013, which raises substantial doubt about its ability to
continue as a going concern.


PACIFIC GOLD: Delays Second Quarter Form 10-Q
---------------------------------------------
Pacific Gold Corp. is seeking an extension of time to file its
quarterly report on Form 10-Q for the period ended June 30, 2014.
In a regulatory filing with the U.S. Securities and Exchange
Commission, the Company stated that the compilation, verification
and review by management of the information and disclosure
required to be presented in the Form 10-Q requires additional time
which renders the timely filing of the Form 10-Q impracticable
without undue hardship and expense to the Company.

                          About Pacific Gold

Las Vegas, Nev.-based Pacific Gold Corp. is engaged in the
identification, acquisition, and development of prospects believed
to have gold mineralization.  Pacific Gold through its
subsidiaries currently owns claims, property and leases in Nevada
and Colorado.

Pacific Gold reported a net loss of $463,422 in 2013 following a
net loss of $16.62 million in 2012.  The Company's balance sheet
at March 31, 2014, showed $1.68 million in total assets, $4
million in total liabilities and a $2.32 million total
stockholders' deficit.

Silberstein Ungar, PLLC, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2013.  The independent auditors noted that the Company has
incurred losses from operations, has negative working capital, and
is in need of additional capital to grow its operations so that it
can become profitable.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.


PARSLEY ENERGY: S&P Raises CCR to 'B'; Outlook Stable
-----------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Austin, Texas-based oil and gas E&P company Parsley
Energy LLC. to 'B' from 'B-'.  The outlook is stable.

S&P also raised the rating on the company's senior unsecured notes
to 'CCC+' from 'CCC'.  The recovery rating on the notes is '6',
reflecting S&P's expectation for negligible (0% to 10%) recovery
in the event of a payment default.

"The rating action reflects our view of the improvement in
Parsley's financial risk profile, supported by its successful IPO
that raised almost $870 million in cash," said Standard & Poor's
credit analyst Vishal Merani.  "The cash generated by the IPO
provides Parsley the means to fund its aggressive capital spending
plans without compromising financial leverage levels," said
Mr. Merani.

The ratings on Parsley reflect S&P's assessment of the company's
"weak" business risk, "aggressive" financial risk, and "adequate"
liquidity.  These assessments reflect Parsley's small reserve base
and production levels, limited geographic diversity, aggressive
capital spending plans that exceed S&P's projected funds from
operations during the next two years, sizable proportion of
undeveloped reserves, and limited executive management track
record.  These risks are somewhat offset by the relatively low
finding and development risk for reserves in the Permian Basin,
the company's significant exposure to favorable crude oil prices
and thus above-average profitability, meaningful hedging position
for 2014 and 2015, significant cash balances to support growth
spending, and high operatorship of its properties.

The stable outlook reflects S&P's expectation that Parsley's cash
balances, operating cash flow, and availability under its RBL
facility will be sufficient to fund planned capital spending and
increase its production and reserves through 2015.

S&P could lower the rating if Parsley's growth strategy does not
proceed as it expects, with production below or costs above S&P's
expectations, such that run rate FFO to debt falls below 20% or
debt to EBITDA exceeds 4x.  In addition, S&P could lower the
ratings if it assess that the company will be unable to maintain
adequate liquidity.

S&P could raise the rating if Parsley is able to increase its
reserves and production to a level commensurate with 'B+' rated
E&P companies, which typically have production in excess of 25,000
barrels of oil equivalent per day and reserves in excess of 150
million barrels of oil equivalent.  S&P would also look for the
company's leverage to be maintained below 4x levels and liquidity
to be adequate or better in considering an upgrade.


PLUG POWER: Swings to $3.8MM Net Income in 2nd Qtr 2014
-------------------------------------------------------
Plug Power Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q reporting net income
attributable to common shareholders of $3.82 million on $17.32
million of total revenue for the three months ended June 30, 2014,
compared to a net loss attributable to common stockholders of
$9.33 million on $7.49 million of total revenue for the same
period a year ago.

For the six months ended June 30, 2014, the Company reported a net
loss attributable to common shareholders of $72.08 million on
$22.89 million of total revenue compared to a net loss
attributable to common shareholders of $17.91 million on $13.94
million of total revenue for the same period during the prior
year.

"Activity in the second quarter has demonstrated the value
proposition of the GenKey hydrogen and fuel cell solution at
customer sites, namely Walmart," said Andy Marsh, CEO at Plug
Power Inc.  "Success has resulted in positive gross margins for
GenDrive, customer confidence in our ability to deliver on our
GenKey services, and driven our ability to expand into new
markets."

The Company's balance sheet at June 30, 2014, showed $221.10
million in total assets, $47.85 million in total liabilities,
$2.37 million in series C redeemable convertible preferred stock,
and $170.88 million in total stockholders' equity.

On June 30, 2014, the Company had cash and cash equivalents of
$168.6 million and net working capital of $190.4 million.

"Our cash requirements relate primarily to working capital needed
to operate and grow our business, including funding operating
expenses, growth in inventory to support both shipments of new
units and servicing the installed base, funding the growth in our
GenKey "turn-key" solution which also includes the installation of
our customer's hydrogen infrastructure as well as delivery of the
hydrogen molecule, and continued development and expansion of our
products.  Our ability to achieve profitability and meet future
liquidity needs and capital requirements will depend upon numerous
factors, including the timing and quantity of product orders and
shipments; the timing and amount of our operating expenses; the
timing and costs of working capital needs; the timing and costs of
building a sales base; the timing and costs of developing
marketing and distribution channels; the timing and costs of
product service requirements; the timing and costs of hiring and
training product staff; the extent to which our products gain
market acceptance; the timing and costs of product development and
introductions; the extent of our ongoing and any new research and
development programs; and changes in our strategy or our planned
activities.  If we are unable to fund our operations, we may be
required to delay, reduce and/or cease our operations and/or seek
bankruptcy protection," the Company said in the Form 10-Q Report.

A full-text copy of the Form 10-Q is available for free at:

                        http://goo.gl/Kk0ije

                          About Plug Power

Plug Power Inc. is a provider of alternative energy technology
focused on the design, development, commercialization and
manufacture of fuel cell systems for the industrial off-road
(forklift or material handling) market.

Plug Power reported a net loss attributable to common shareholders
of $62.79 million on $26.60 million of total revenue for the year
ended Dec. 31, 2013, as compared with a net loss attributable to
common shareholders of $31.86 million on $26.10 million of total
revenue during the prior year.


POSITIVEID CORP: Incurs $1.2 Million Net Loss in Second Quarter
---------------------------------------------------------------
PositiveID Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common stockholders of $1.17 million on $420,000
of revenue for the three months ended June 30, 2014, compared to a
net loss attributable to common stockholders of $2.45 million on
$0 of revenue for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss attributable to common stockholders of $3.90 million on
$420,000 of revenue compared to a net loss attributable to common
stockholders of $7.77 million on $0 of revenue for the same period
during the prior year.

As of June 30, 2014, the Company had $1.19 million in total
assets, $6.98 million in total liabilities, all current, $1.21
million in mandatorily redeemable preferred stock, and a $6.99
million total stockholders' deficit.

As of June 30, 2014, cash and cash equivalents totalled $183,000
compared to cash and cash equivalents of $165,000 at Dec. 31,
2013.

"We have incurred operating losses since our inception.  The
current operating losses are the result of research and
development expenditures, selling, general and administrative
expenses related to our projects and products.  We expect our
operating losses to continue through at least the next twelve
months.  These conditions raise substantial doubt about our
ability to continue as a going concern," the Company stated in the
Report.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/DMAaQp

                         About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $13.33 million on $0 of revenue for the year ended Dec. 31,
2013, as compared with a net loss attributable to common
stockholders of $25.30 million on $0 of revenue in 2012.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has a working capital deficiency and an accumulated
deficit.  Additionally, the Company has incurred operating losses
since its inception and expects operating losses to continue
during 2014.  These conditions raise substantial doubt about its
ability to continue as a going concern.


POSITIVEID CORP: Asher Enterprises No Longer a Shareholder
----------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Asher Enterprises, Inc., disclosed that as of
Aug. 13, 2014, it had ceased to beneficially own any shares of
common stock of PositiveID Corporation.  Asher Enterprises held
2,403,113 common shares or 9.99% equity stake at Nov. 8, 2013.
A copy of the regulatory filing is available at:

                        http://is.gd/uQSorA

                          About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $13.33 million on $0 of revenue for the year ended Dec. 31,
2013, as compared with a net loss attributable to common
stockholders of $25.30 million on $0 of revenue in 2012.

As of June 30, 2014, the Company had $1.19 million in total
assets, $6.98 million in total liabilities, all current, $1.21
million in mandatorily redeemable preferred stock and a $6.99
million total stockholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has a working capital deficiency and an accumulated
deficit.  Additionally, the Company has incurred operating losses
since its inception and expects operating losses to continue
during 2014.  These conditions raise substantial doubt about its
ability to continue as a going concern.


POSITRON CORP: Incurs $201,000 Net Loss in Second Quarter
---------------------------------------------------------
Positron Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
and comprehensive loss of $201,000 on $355,000 of sales for the
three months ended June 30, 2014, compared to a net loss and
comprehensive loss of $1.08 million on $432,000 of sales for the
same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss and comprehensive loss of $1.06 million on $811,000 of sales
compared to a net loss and comprehensive loss of $2.28 million on
$803,000 of sales for the same period a year ago.

As of June 30, 2014, the Company had $2.33 million in total
assets, $6.68 million in total liabilities and a $4.34 million
total stockholders' deficit.

Cash and cash equivalents at June 30, 2014, were $374,000 compared
to $1,744,000 at Dec. 31, 2013.  Accounts receivable was $214,000
at June 30, 2014, compared to $247,000 at Dec. 31, 2013.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/v143OW

                      About Positron Corporation

Headquartered in Fishers, Indiana, Positron Corporation is a
molecular imaging company focused on nuclear cardiology.

Positron reported a net loss of $7.10 million on $1.63 million of
sales for the year ended Dec. 31, 2013, as compared with a net
loss of $7.95 million on $2.80 million of sales during the prior
year.

Sassetti LLC, in Oak Park, Illinois, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has a significant accumulated deficit which raises
substantial doubt about the Company's ability to continue as a
going concern.

                         Bankruptcy Warning

The Company had cash and cash equivalents of approximately
$1,744,000 at December 31, 2013.  The Company utilized $2,520,000
proceeds from issuance of convertible debt and securities, and
$2,285,000 proceeds from non-interest bearing advances to fund
operating activities during the year ended December 31, 2013.  The
Company had accounts payable and accrued liabilities of
approximately $1,401,000 and a negative working capital of
approximately $12,084,000.  The Company believes that it may
continue to experience operating losses and accumulate deficits in
the foreseeable future.

"If we are unable to obtain financing to meet our cash needs we
may have to severely limit or cease our business activities or may
seek protection from our creditors under the bankruptcy laws," the
Company said in the 2013 Annual Report.


PRESIDENTIAL REALTY: Posts $70,000 Net Income in Second Quarter
---------------------------------------------------------------
Presidential Realty Corporation filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $70,396 on $220,730 of total revenues for the three
months ended June 30, 2014, compared to a net loss of $654,336 on
$215,802 of total revenues for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $194,506 on $440,387 of total revenues compared to a net
loss of $1.19 million on $429,907 of total revenues for the same
period last year.

As of June 30, 2014, the Company had $1.36 million in total
assets, $1.84 million in total liabilities and a $476,828 total
deficit.

At June 30, 2014, we had $589,780 in available cash, an increase
of $112,703 from $477,077 available at December 31, 2013.  This
increase in cash and cash equivalents was due to cash provided in
operating activities of $127,357 offset by $2,451 used in
investing activities and $12,203 of principal payments made on the
Mapletree Industrial Center mortgage.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/xNBEUU

                    About Presidential Realty

Headquartered in White Plains, New York, Presidential Realty
Corporation, a real estate investment trust, is engaged
principally in the ownership of income-producing real estate and
in the holding of notes and mortgages secured by real estate or
interests in real estate.  On Jan. 20, 2011, Presidential
stockholders approved a plan of liquidation, which provides for
the sale of all of the Company's assets over time and the
distribution of the net proceeds of sale to the stockholders after
satisfaction of the Company's liabilities.

Presidential Realty reported net income of $2.47 million on
$846,878 of total revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $2.33 million on $779,547 of total
revenues in 2012.

Baker Tilly Virchow Krause, LLP, in Melville, New York, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has suffered recurring losses from
operations and has a working capital deficiency.  These factors
raise substantial doubt about its ability to continue as a going
concern.


PRESSURE BIOSCIENCES: Incurs $721,000 Net Loss in 2nd Quarter
-------------------------------------------------------------
Pressure Biosciences, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss applicable to common shareholders of $720,789 on $307,464
of total revenue for the three months ended June 30, 2014,
compared with a net loss applicable to common shareholders of
$1.17 million on $357,735 of total revenue for the same period in
2013.

For the six months ended June 30, 2014, the Company reported a net
loss applicable to common shareholders of $3.80 million on
$711,611 of total revenue compared to a net loss applicable to
common shareholders of $2.56 million on $728,474 of total revenue
for the same period last year.

As of June 30, 2014, the Company had $1.48 million in total
assets, $2.75 million in total liabilities, and a $1.27 million
total stockholders' deficit.

"We have experienced negative cash flows from operations with
respect to our pressure cycling technology business since our
inception.  As of June 30, 2014, we did not have adequate working
capital resources to satisfy our current liabilities and as a
result, there is substantial doubt regarding our ability to
continue as a going concern," the Company stated in the Report.

A full-text copy of the Form 10-Q is available for free at:

                         http://is.gd/nGine0

                     About Pressure Biosciences

Pressure BioSciences, Inc., headquartered in South Easton,
Massachusetts, holds 14 United States and 10 foreign patents
covering multiple applications of pressure cycling technology in
the life sciences field.

Pressure Biosciences reported a net loss applicable to common
shareholders of $5.24 million on $1.50 million of total revenue
for the year ended Dec. 31, 2013, as compared with a net loss
applicable to common stockholders of $4.40 million on $1.23
million of total revenue in 2012.

Marcum LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has had recurring net losses and continues to
experience negative cash flows from operations.  The auditors said
these conditions raise substantial doubt about its ability to
continue as a going concern.


PURADYN FILTER: Incurs $251,500 Net Loss in Second Quarter
----------------------------------------------------------
Puradyn Filter Technologies Incorporated filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing a net loss of $251,517 on $772,880 of net sales
for the three months ended June 30, 2014, as compared with a net
loss of $474,215 on $600,390 of net sales for the same period last
year.

For the six months ended June 30, 2014, the Company reported a net
loss of $469,603 on $1.66 million of net sales as compared with a
net loss of $890,899 on $1.17 million of net sales for the same
period in 2013.

The Company's balance sheet at June 30, 2014, showed $1.58 million
in total assets, $12.21 million in total liabilities, and a
$10.62 million total stockholders' deficit.

As of June 30, 2014, the Company had cash of $99,077, as compared
to $161,503 at Dec. 31, 2013.

Kevin G. Kroger, president and COO, noted, "We remain optimistic
for 2014 as our second quarter shows continued increase over 2013.
Additionally, our order board remains strong with a 43% increase
year to date July 2014 over the same time period in 2013."

A full-text copy of the Form 10-Q is available for free at:

                         http://is.gd/BQci3g

                        About Puradyn Filter

Boynton Beach, Fla.-based Puradyn Filter Technologies Incorporated
(OTC BB: PFTI) designs, manufactures and markets the puraDYN's Oil
Filtration System.

Puradyn Filter reported a net loss of $1.33 million on $2.53
million of net sales for the year ended Dec. 31, 2013, as compared
with a net loss of $2.22 million on $2.56 million of net sales
during the prior year.

Liggett, Vogt & Webb, P.A., in Boynton Beach, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has a net loss of $1,333,292,
negative cash flow from operations of $957,941, a working capital
deficiency of $769,907 and a stockholders' deficiency of
$10,227,875.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


PT-1 COMMS: Bankr. Court Lacked Jurisdiction to Award Refund
------------------------------------------------------------
Edward P. Bond, the trustee of the liquidating trust in the
Chapter 11 cases of PT-1 Communications, Inc., PT-1 Long Distance,
Inc., and PT-1 Technologies, Inc., filed a federal income tax
refund claim in bankruptcy court.  The government asserted (1)
that its waiver of sovereign immunity for bankruptcy court
adjudication of tax refund claims filed by bankruptcy trustees did
not confer on the bankruptcy court jurisdiction to decide such
claims filed by the Liquidating Trustee, and (2) that in any event
the refund claim was subject to an offset on account of other
taxes owed by the Liquidating Trust.  The United States Bankruptcy
Court for the Eastern District of New York (Craig, C.J.) ruled
that the Liquidating Trustee was entitled to a $3.8 million tax
refund, and that the reorganization extinguished the government's
setoff rights. The United States District Court for the Eastern
District of New York (Cogan, J.) affirmed the $3.8 million tax
refund, but reversed the extinguishment of setoff rights.

The district court did not reach the merits of the government's
setoff claim, or remand the issue to the bankruptcy court. Rather,
the district court held that the government's setoff rights could
be asserted in a separate federal cause of action pursuant to the
Judgment Setoff Act, 31 U.S.C. Sec. 3728.

On appeal to the U.S. Court of Appeals for the Second Circuit, the
Liquidating Trustee seeks a mandate directing affirmance of the
April 29, 2011 final order of the bankruptcy court in toto, and
argues that the issue of the bankruptcy court's subject matter
jurisdiction over the refund claim was waived when the government
withdrew its own appeal in this case.

A three-judge panel of the Second Circuit ruled last week that the
bankruptcy court lacks jurisdiction over the Liquidating Trustee's
refund claim and that the jurisdictional defense was not waived by
the government's withdrawal of its appeal.

The Second Circuit explained, "Section 505(a) of the Bankruptcy
Code ("Code") allows a tax refund suit in bankruptcy court only
after a refund claim is filed with the IRS by "the trustee" in
bankruptcy. (A debtor-in-possession has the status "of a trustee
serving in a case under this Chapter," 11 U.S.C. [Sec.] 1107; in
this opinion, all references to a bankruptcy trustee include the
debtor-in-possession.) Here, however, the refund claim was filed
by the Liquidating Trustee, a representative of the estate who was
appointed under the reorganization plan and whose status is
distinct from that of a trustee in bankruptcy. Because Congress
authorized a bankruptcy trustee (not a plan-appointed estate
representative) to administratively exhaust a refund claim before
bringing that claim in bankruptcy court, and the refund claim here
was not filed with the IRS by a bankruptcy trustee, the bankruptcy
court lacked jurisdiction to award the refund."

"The judgment of the district court is reversed, and the case is
remanded to the district court for entry of an order directing the
bankruptcy court to dismiss the Liquidating Trustee's Short Period
refund claim against the government," said Circuit Judge Dennis
Jacobs, who penned the opinion, a copy of which is available at
http://is.gd/qCsnZtfrom Leagle.com.

The appellate case is, United States of America, Plaintiff-
Appellee, v. Edward P. Bond, Liquidating Trustee of the
Liquidating Trust U/A/W PT1 Communications, Inc., Defendant-
Appellant, No. 12-4803-bk (2nd Cir.).

The Liquidating Trustee is represented by:

     Laurence May, Esq.
     Therese Scheuer, Esq.
     COLE, SCHOTZ, MEISEL, FORMAN & LEONARD, P.A.
     900 3rd Ave # 16
     New York, NY 10022
     E-mail: lmay@coleschotz.com
             tscheuer@coleschotz.com

Debtors PT-1 Communications, Inc., PT-1 Long Distance, Inc., and
PT-1 Technologies, Inc., filed for bankruptcy on March 9, 2001.


R.R. DONNELLEY: Plunges Into Market for Printed Electronic Parts
----------------------------------------------------------------
Steven Rosenbush, writing for The Wall Street Journal, reported
that driven by its demanding and impatient chief executive, R.R.
Donnelley & Sons Co. is plunging into the developing market for
printed electronic components such as thin, bendable RFID
antennas, sensors and batteries.  According to the report, the
company is looking for new lines of business to supplement its
core printing operations and forecasts that revenue will increase
as much as 12.7% this year, to $11.8 billion from $10.5 billion,
after growing less than 1% in 2013.

                        *     *     *

The Troubled Company Reporter, on June 26, 2014, reported that
Moody's Investors Service affirmed RR Donnelley & Sons Company's
(RRD) Ba2 corporate family rating (CFR), Ba2-PD probability of
default rating (PDR), Baa2 senior secured credit facility rating,
Ba3 senior unsecured notes rating and SGL-2 speculative grade
liquidity rating (indicating good liquidity). The ratings outlook
remains negative.

The TCR, on March 10, 2014, reported that Standard & Poor's
Ratings Services assigned Chicago-based print company R.R.
Donnelley & Sons Co.'s proposed issuance of $350 million 10-year
notes a 'BB-' issue-level rating, with a recovery rating of '4',
indicating S&P's expectations for average (30%-50%) recovery for
bondholders in the event of a payment default.


REALOGY CORP: Closes Acquisition of ZipRealty
---------------------------------------------
Realogy Group LLC completed its acquisition of all of the
outstanding shares of common stock, par value $0.001 per share of
ZipRealty, Inc., pursuant to an Agreement and Plan of Merger,
dated as of July 15, 2014, by and among Realogy, Honeycomb
Acquisition, Inc. (Purchaser), and ZipRealty.

Realogy's acquisition of the Shares was structured as a two-step
transaction, with a cash tender offer by Purchaser for the Shares
at a price of $6.75 per Share, net to the seller in cash, without
interest and less any applicable withholding taxes, upon the terms
and subject to the conditions set forth in the Offer to Purchase,
dated July 16, 2014, and the related Letter of Transmittal, each
as amended and supplemented from time to time, filed by Realogy
and the Purchaser with the U.S. Securities and Exchange Commission
on July 16, 2014, followed by the merger of Purchaser with and
into ZipRealty, with ZipRealty surviving as a wholly-owned
indirect subsidiary of Realogy.

The Offer expired at 5:00 P.M., New York City time, on Wednesday,
Aug. 13, 2014.  As of the expiration of the Offer, 17,576,436
Shares were validly tendered and not withdrawn (including 821,068
Shares tendered by notice of guaranteed delivery), representing
approximately 80.2% of all outstanding Shares.  On Aug. 13, 2014,
Honeycomb accepted for payment all Shares validly tendered and not
properly withdrawn prior to the expiration of the Offer and made
payment for those Shares in accordance with the terms and
conditions of the Offer and applicable law.

In order to obtain a sufficient number of Shares to effect a
"short-form" merger under applicable Delaware law, on Aug. 14,
2014, the Purchaser exercised its option under the Merger
Agreement to purchase from ZipRealty a number of newly issued
Shares equal to the lowest number of Shares that, when added to
the number of Shares owned by Purchaser at the time of such
exercise, constituted one Share more than 90% of the Shares
outstanding (after giving effect to the issuance of the Top-Up
Shares).  Immediately following the issuance of the Top-Up Shares
to the Purchaser, the Purchaser owned in excess of 90% of the
outstanding Shares at that time.

Following the Purchaser's acceptance for payment of all Shares
validly tendered and not properly withdrawn pursuant to the Offer
on Aug. 13, 2014, and Purchaser's subsequent exercise of the Top-
Up Option, Realogy and the Purchaser completed the Merger in
accordance with the applicable provisions of Delaware law that
authorized completion of the Merger without a vote or meeting of
the stockholders of ZipRealty.  ZipRealty survived the Merger as a
wholly-owned indirect subsidiary of Realogy.

The aggregate consideration paid by Realogy in the Merger was
approximately $166 million (inclusive of paying holders of in-the-
money ZipRealty stock options, whether vested or unvested at the
time of the Merger, for each option owned by such holders, the
excess of $6.75 over the exercise price of the applicable option),
plus related transaction fees and expenses.

In a regulatory filing with the SEC, Realogy Group LLC and
Honeycomb Acquisition disclosed that as of Aug. 13, 2014, they
beneficially owned 51,533,271 shares of common stock of ZipRealty,
Inc., representing 100% of the shares outstanding. A copy of the
regulatory filing is available at http://is.gd/FQOwIr

                         About Realogy Corp.

Realogy Corp. -- http://www.realogy.com/-- a global provider of
real estate and relocation services with a diversified business
model that includes real estate franchising, brokerage, relocation
and title services.  Realogy's world-renowned brands and business
units include Better Homes and Gardens Real Estate, CENTURY 21,
Coldwell Banker, Coldwell Banker Commercial, The Corcoran Group,
ERA, Sotheby's International Realty, NRT LLC, Cartus and Title
Resource Group.  Collectively, Realogy's franchise systems have
around 15,000 offices and 270,000 sales associates doing business
in 92 countries around the world.

Headquartered in Parsippany, N.J., Realogy is owned by affiliates
of Apollo Management, L.P., a leading private equity and capital
markets investor.  Realogy fully supports the principles of the
Fair Housing Act.

Realogy Holdings Corp. and Realogy Group LLC reported net income
of $443 million in 2013, a net loss of $540 million in 2012 and
a net loss of $439 million in 2011.

As of March 31, 2014, the Company had $7.22 billion in total
assets, $5.25 billion in total liabilities and $1.97 billion in
total equity.

                           *     *     *

In the Aug. 1, 2013, edition of the TCR, Moody's Investors Service
upgraded the corporate family rating of Realogy Group to B2
from B3.  The upgrade to B2 CFR is driven by expectations for
ongoing strong financial performance, supported by Realogy's
recently-concluded debt and equity financing activities and a
continuing recovery in the US existing home sale market.

As reported by the TCR on Feb. 18, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on Realogy Corp. to
'B+' from 'B'.

"The one notch upgrade in the corporate credit rating to 'B+'
reflects an increase in our expectation for operating performance
at Realogy in 2013, and S&P's expectation that total lease
adjusted debt to EBITDA will improve to the low-6x area and funds
from operations (FFO) to total adjusted debt will be improve to
the high-single-digits percentage area in 2013, mostly due to
EBITDA growth in the low- to mid-teens percentage area in 2013,"
S&P said.


RESPONSE BIOMEDICAL: Inks Separation Pact with Timothy Shannon
--------------------------------------------------------------
In connection with his resignation as senior vice president
worldwide sales and marketing of Response Biomedical Corp.,
Timothy Shannon and the Company have entered into a separation
agreement and release pursuant to which the Company and Mr.
Shannon have agreed that:

    (i) Mr. Shannon's employment with the company was terminated
        effective as of Aug. 1, 2014;

   (ii) Mr. Shannon will be provided severance payments equal to
        his base salary at the time of his termination for a
        period of eight months;

  (iii) the Company will reimburse Mr. Shannon for six months'
        worth of COBRA expenses.

                     About Response Biomedical

Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.

Response Biomedical reported a net loss and comprehensive loss of
$5.99 million in 2013, a net loss and comprehensive loss of $5.28
million in 2012 and a net loss and comprehensive loss of $5.37
million in 2011.  The Company's balance sheet at June 30, 2014,
showed C$13.73 million in total assets, C$16.07 million in total
liabilities and a C$2.33 million total shareholders' deficit.

PricewaterhouseCoopers LLP, in Vancouver, British Columbia, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has incurred recurring losses from
operations and has an accumulated deficit at Dec. 31, 2013, that
raises substantial doubt about its ability to continue as a going
concern.


RESPONSE BIOMEDICAL: Posts C$288,000 Net Income in Q2
-----------------------------------------------------
Response Biomedical Corp. reported financial results for the
second quarter and six months ended June 30, 2014, including a 12%
increase in sales and improving gross margin.

The Company posted net income and comprehensive income of
C$288,000 on C$3.07 million of product sales for the three months
ended June 30, 2014, as compared with net income and comprehensive
income of C$3.34 million on C$2.74 million of product sales for
the same period last year.

For the six months ended June 30, 2014, the Company reported a net
loss and comprehensive loss of C$1.23 million on C$5.63 million of
product sales as compared with a net loss and comprehensive loss
of C$6.62 million on C$6.30 million of product sales during the
prior year.

Response's Chief Executive Officer, Jeff Purvin, commented on
Response's Q2 2014 performance saying, "I am happy to report that
our new China distributors are continuing to place new orders this
quarter.  Total sales in China were approximately $350 thousand
more in this quarter than last quarter, indicating that these
distributors are starting to work through their initial stocking
inventories and are developing new demand in the marketplace."

Mr. Purvin added, "Sales in the US were relatively unchanged from
the previous year with the exception of Biodefense and West Nile
Virus testing sales which increased by 30%, primarily due to the
successful sales efforts of our distributors and the timing of
orders.  US cardiac sales have been slower than we expected and we
are in the process of refocusing our resources on the specific
hospital groups and other opportunities that will benefit the most
from our products.  We will be reallocating some of our current US
spending over to China, where it will likely have a more immediate
impact on our sales growth, this year and next.  Sales in the rest
of the world, excluding China and the US, increased 22% versus
last year to $674 thousand in the quarter as we continue to
strengthen our overseas distribution networks.  This growth was
hampered by lower quarter over quarter sales to our Russian
distributor due to factors resulting from the recent unrest in
that country.  Russia is our second biggest market after China."

A full-text copy of the press release is available for free at:

                        http://is.gd/aPj4Rf

                     About Response Biomedical

Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.

Response Biomedical reported a net loss and comprehensive loss of
$5.99 million in 2013, a net loss and comprehensive loss of $5.28
million in 2012 and a net loss and comprehensive loss of $5.37
million in 2011.  As of Dec. 31, 2013, the Company had $14.20
million in total assets, $15.68 million in total liabilities and a
$1.48 million total shareholders' deficit.

PricewaterhouseCoopers LLP, in Vancouver, British Columbia, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has incurred recurring losses from
operations and has an accumulated deficit at Dec. 31, 2013, that
raises substantial doubt about its ability to continue as a going
concern.


RESTORGENEX CORP: Incurs $4.4 Million Net Loss in Second Quarter
----------------------------------------------------------------
Restorgenex Corporation filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $4.45 million on $0 of total revenues for the three
months ended June 30, 2014, compared to net income of $2.34
million on $0 of total revenues for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $5.83 million on $0 of total revenues compared to a net
loss of $129,290 on $0 of total revenues for the same period
during the prior year.

Stephen M. Simes, chief executive officer of RestorGenex, said,
"Several notable milestones have been achieved this year,
including the successful closing of our private placement, the
addition of several new, quality investors, the closing of two
mergers, the hiring of Phillip Donenberg, our chief financial
officer, and Mark Weinberg, MD, our senior vice president of
clinical development, as well as continuing our efforts to
evaluate, prioritize and develop our technologies and products."

As of June 30, 2014, the Company had $54.52 million in total
assets, $9.23 million in total liabilities and $45.29 million in
total stockholders' equity.

The Company's cash and cash equivalents as of June 30, 2014 were
approximately $27.1 million.

"Our financial position at the end of our second quarter of 2014
improved significantly compared to December 31, 2013 and the end
of our first quarter of 2014, as a result of our recently
completed private placement.  Our working capital as of June 30,
2014 totaled $25,306,982 including $27,139,593 in cash and cash
equivalents, compared to a negative working capital $(5,880,035),
including $254,964 in cash and cash equivalents, as of December
31, 2013 and compared to a negative working capital $(8,016,821),
including $222,071 in cash and cash equivalents, as of March 30,
2014," the Company stated in the Quarterly Report.

A full-text copy of the Form 10-Q is available for free at:

                       http://goo.gl/nZM7j5

                         About RestorGenex

RestorGenex Corporation operates as a biopharmaceutical company.
It focuses on dermatology, ocular disease, and women's health
areas.  The company was formerly known as Stratus Media Group,
Inc., and changed its name to RestorGenex Corporation in March
2014.  RestorGenex Corporation is based in Los Angeles,
California.

Restorgenex reported a net loss of $2.45 million in 2013 following
a net loss of $6.85 million in 2012.

Goldman Kurland and Mohidin LLP, in Encino, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that RestorGenex Corporation has suffered recurring
losses and has negative cash flow from operations.  These
conditions raise substantial doubt as to the ability of
RestorGenex Corporation to continue as a going concern.


REVEL AC: To Close Down After Labor Day
---------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News, and
Sherry Toub, a Bloomberg News reporter, said the Revel casino in
Atlantic City, New Jersey, will close down at the end of the Labor
Day weekend on Sept. 1.

Michael Bathon, writing for Bloomberg News, said the embattled
casino operator is still pursuing a potential sale as it plans to
shut down operations to stanch its cash loss of about $2 million a
week.  A Revel lawyer said the current bids the casino operator
has don't value the company as an ongoing operation and the offers
show bidders look at Revel's losses like they would be "stepping
into a black hole," the report related.

                           About Revel AC

Revel AC, Inc. -- http://www.revelresorts.com/-- owns and
operates Revel, a Las Vegas-style, beachfront entertainment resort
and casino located on the Boardwalk in the south inlet of Atlantic
City, New Jersey.

Revel AC Inc. and five of its affiliates sought bankruptcy
protection (Bankr. D.N.J., Lead Case No. 14-22654) on June 19,
2014, to pursue a quick sale of the assets.

The Chapter 11 cases are assigned to Judge Gloria M. Burns.  The
Debtors' Chapter 11 cases are jointly consolidated for procedural
purposes.

Revel AC estimated assets ranging from $500 million to $1 billion,
and the same amount of liabilities.

White & Case, LLP, and Fox Rothschild, LLP, serve as the Debtors'
Counsel, and Moelis & Company, LLC, is the investment banker.  The
Debtors' solicitation and claims agent is Alixpartners, LLP.

The prepetition first lenders are represented by Cadwalader,
Wickersham & Taft LLP.  The prepetition second lien lenders are
represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP.  The
DIP agent is represented by Milbank, Tweed, Hadley & McCloy LLP.

This is Revel AC's second trip to bankruptcy.  The company first
sought bankruptcy protection (Bankr. D.N.J. Lead Case No. 13-
16253) on March 25, 2013, with a prepackaged plan that reduced
debt by $1.25 billion.  Less than two months later on May 15,
2013, the 2013 Plan was confirmed and became effective on May 21,
2013.


RICEBRAN TECHNOLOGIES: Incurs Second Quarter Net Loss of $15.7MM
----------------------------------------------------------------
RiceBran Technologies filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $15.70 million on $11.34 million of revenues for the three
months ended June 30, 2014, as compared with a net loss of $2.51
million on $9.38 million of revenues for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $18.49 million on $19.02 million of revenues as compared
with a net loss of $8.80 million on $18.09 million of revenues for
the same period last year.

As of June 30, 2014, the Company had $54.31 million in total
assets, $32.13 million in total liabilities, $5.60 million in
temporary equity and $16.57 million in total equity attributable
to the Company's shareholders.

A full-text copy of the Form 10-Q is available for free at:

                         http://is.gd/mtG3ol

                           About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation, is a human food ingredient and animal nutrition
company focused on the procurement, bio-refining and marketing of
numerous products derived from rice bran.

RiceBran Technologies reported a net loss of $17.64 million on
$35.05 million of revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $11.13 million on $37.72 million of
revenues for the year ended Dec. 31, 2012.  As of March 31, 2014,
the Company had $52.66 million in total assets, $40.78 million in
total liabilities, $6.42 million in temporary equity and $5.44
million in total equity attributable to the Company shareholders.

BDO USA, LLP, in Phoenix, Arizona, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has suffered recurring losses from operations
resulting in an accumulated deficit of $219 million at Dec. 31,
2013.  This factor among other things, raises substantial doubt
about its ability to continue as a going concern.


RIVIERA HOLDINGS: In Covenant Talks; Forbearance Moved to Aug. 31
-----------------------------------------------------------------
Riviera Holdings Corporation filed with the Securities and
Exchange Commission its second quarterly report on Form 10-Q for
the period ended June 30, 2014.

Riviera Holdings said net revenues (total revenues less
promotional allowances) were higher during the period. It posted
net revenues of $20,830,000 for the second quarter compared to
$15,714,000 for the same period in 2013.  Net revenues were
$42,559,000 for the six months ended June 30, 2014 compared to
$30,600,000 for the same period in 2013.

Its net loss narrowed to $4,499,000 for the second quarter from
$7,376,000 for the same period in 2013.

Riviera Holdings said total assets were $204,805,000 against total
liabilities of $126,008,000 at June 30, 2014.  The Company had
$58.6 million in cash and cash equivalents and $0.4 million in
restricted cash as of June 30, 2014.

Riviera Holdings also disclosed that effective April 1, 2011, the
Company had the ability to draw up to $10 million against its
Working Capital Facility.  However, due to the default under the
Series A Credit Agreement and the Series B Credit Agreement,
Riviera Holdings does not currently have the ability to draw any
additional funds under the Working Capital Facility until such
time as the default is cured or waived.

The lenders under the Series A Credit Agreement and Series B
Credit Agreement also hold 100% of the Company's Class B Non-
Voting Common Stock.  As a result of the default, the Required
Lenders (as defined in the Series A Credit Agreement and the
Series B Credit Agreement, respectively) have the ability to
increase the interest accruing on amounts owed under the Series A
Credit Agreement and the Series B Credit Agreement, respectively.
An increase in the interest rate would negatively affect the
Company's available cash and results from operations. Further, the
Required Lenders and administrative agent under the Series A
Credit Agreement and the Series B Credit Agreement, respectively,
have the right to accelerate repayment of all amounts owed under
each of the agreements and require the Company to repay such
amounts immediately.

Riviera Holdings said, "We do not currently have sufficient funds
to repay the Series A and Series B debt. Repaying these amounts
and covering our operating losses will require additional cash,
which may include the issuance of additional equity, debt
financing and/or capital contributions from stockholders, if
available to us. There can be no assurance that we will be
successful in obtaining additional capital resources. The
inability to obtain additional capital will restrict our ability
to grow and inhibit our ability to continue to conduct business
operations. Any additional equity financing may result in
substantial dilution to our then existing stockholders. We do not
provide any guarantees or assurances that the Company will have
ample liquidity and capital resources to meet future financial
obligations. If repayment of the indebtedness under our Series A
Credit Agreement and Series B Credit Agreement were accelerated,
we do not believe the Company has sufficient liquidity and capital
resources to meet both debt service and normal operating
expenditures. Pursuant to the terms of the Forbearance Agreement,
the Required Lenders had agreed to forbear from exercising their
remedies under the Series A Credit Agreement and the Series B
Credit Agreement arising out of the default for a period up to and
including July 31, 2014. On July 31, 2014, the Forbearance
Agreement was amended to extend the forbearance period through
August 31, 2014."

The Company is currently in negotiations with its lenders, who are
also stockholders, under the Credit Agreements concerning new
financial covenants and other amendments to the Credit Agreements
to resolve the existing default. There can be no assurance that
the Company will be successful in doing so or that such amendments
will be on favorable terms to the Company.

Riviera Holdings said in the Form 10-Q report that the conditions
and events raise substantial doubt about its ability to continue
as a going concern.

As reported by the Troubled Company Reporter, the default raises
substantial doubt about the Company's ability to continue as a
going concern, according to Ernst & Young LLP, in Las Vegas,
Nevada, the Company's outside auditor, in its March 31, 2014 audit
report.

                      About Riviera Holdings

Riviera Holdings Corporation, through its wholly owned subsidiary,
Riviera Operating Corporation, owns and operates the Riviera Hotel
& Casino located on Las Vegas Boulevard in Las Vegas, Nevada.
Riviera Hotel & Casino, which opened in 1955, has a long-standing
reputation for delivering traditional Las Vegas-style gaming,
entertainment and other amenities.

On July 12, 2010, RHC, ROC and the Riviera Black Hawk casino filed
petitions for relief under the provisions of Chapter 11 of the
United States Bankruptcy Code with the United States Bankruptcy
Court for the District of Nevada.  On Nov. 17, 2010, the
Bankruptcy Court entered a written order confirming the Debtors'
Second Amended Joint Plan of Reorganization. On December 1, 2010,
the Plan became effective.  On April 1, 2011, the Debtors emerged
from reorganization proceedings under the Bankruptcy Code.

Thomas H. Fell, Esq., at Gordon Silver, represented the Debtors in
the Chapter 11 cases.  XRoads Solutions Group, LLC, served as the
financial and restructuring advisor.  Garden City Group Inc.
served as the claims and notice agent.

On April 26, 2012, RHC completed the sale of Riviera Black Hawk
casino to Monarch Casino and Resorts, Inc., and its wholly-owned
subsidiary Monarch Growth Inc.  The Buyer purchased Riviera Black
Hawk by acquiring all of the issued and outstanding shares of
common stock of RHC's subsidiary Riviera Black Hawk.  The Buyer
paid $76 million for the stock, subject to certain post-closing
working capital adjustments.  At the closing, ROC paid or
satisfied substantially all of RBH's indebtedness (which consisted
of inter-company accounts and equipment leases) and placed $2.1
million of working capital in a restricted bank account.
Accordingly, the Company has reflected the business, including
gain on sale, as discontinued operations.

In July 2013, Moody's Investors Service downgraded Riviera
Holdings' ratings, including its Corporate Family Rating to
Caa3 from Caa2 and its Probability of Default Rating to Caa3-PD
from Caa2-PD. At the same time, Moody's downgraded Riviera's first
lien term loan and revolver to Caa2 from Caa1, its second lien
term loan to Ca from Caa3 and its Speculative Grade Liquidity
rating to SGL-4 from SGL-3. The rating outlook is negative.

The downgrade reflected Moody's view that Riviera's capital
structure is unsustainable given growing operating losses and its
inability to cover debt service and capex needs given limited
available cash balances.  Moody's at that time said that, although
the company continues to pay required interest on time, it remains
in technical default of financial covenants.


S.E. SHIRES: Judge Says Liquidation Can Stay in Chapter 11
----------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that S.E. Shires Inc., its business sold, will remain in
Chapter 11 after the U.S. Trustee lost a bid to convert the case
to a liquidation under Chapter 7, where a trustee would supplant
management and the creditors' committee.  According to the report,
U.S. Bankruptcy Judge Melvin S. Hoffman in Worcester,
Massachusetts, said that the case can remain in Chapter 11 and
that it's permissible to use Chapter 11 for liquidation.

S.E. Shires, Inc., based in Hopedale, Mass., filed for Chapter 11
bankruptcy (Bankr. D. Mass. Case No. 14-40715) on April 8, 2014,
listing total assets of $1.80 million and total liabilities of
$3.10 million.  Judge Melvin S. Hoffman presides over the case.
Christine E. Devine, Esq., at Mirick, O'Connell, DeMaillie &
Lougee LLP, serves as the Debtor's counsel.  The petition was
signed by Stephen E. Shires, president.  A list of the Debtor's 20
largest unsecured creditors is available for free at
http://bankrupt.com/misc/mab14-40715.pdf


SALON MEDIA: Incurs $886,000 Net Loss in First Quarter
------------------------------------------------------
Salon Media Group, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q reporting a
net loss of $886,000 on $1.24 million of net revenues for the
three months ended June 30, 2014, compared with a net loss of
$688,000 on $1.19 million of net revenues for the same period in
2013.

As of June 30, 2014, the Company had $1.93 million in total
assets, $5.74 million in total liabilities and a $3.81 million
total stockholders' deficit.

"The growth and expansion of mobile platforms and social media
continues to impact the way media companies are attracting and
interacting with their audiences, as does the importance of
delivering immersive content that keeps users engaged," said
Cynthia Jeffers, CEO of Salon Media Group.  "We are responding to
these market demands with a continued focus on high quality
content, innovative sales products, upgraded user experiences on
mobile, and strategic hires to continue delivering the quality
content and advertising experiences our readers and partners have
come to expect.  This strategy is clearly paying off, with
audience growth at an all-time high of 17.6 million unique
visitors in June and 60% growth over last year.  Our focus on
these core principals continues to provide opportunity for future
growth."

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/VrYzjx

                         About Salon Media

San Francisco, Calif.-based Salon Media Group (OTC BB: SLNM.OB)
-- http://www.Salon.com/-- is an online news and social
networking company and an Internet publishing pioneer.

Salon Media incurred a net loss of $2.18 million on $6 million of
net revenues for the year ended March 31, 2014, as compared with a
net loss of $3.93 million on $3.64 million of net revenues for the
year ended March 31, 2013.

Burr Pilger Mayer, Inc., in San Francisco, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2014.  The independent
auditors noted that the Company has suffered recurring losses and
negative cash flows from operations and has an accumulated deficit
of $118.7 million as of March 31, 2014.  The auditors said these
conditions raise substantial doubt about its ability to continue
as a going concern.


SALUBRIOUS PHARMACEUTICAL: Files Bare-Bones Ch. 11 Petition
-----------------------------------------------------------
Salubrious Pharmaceutical LLC sought bankruptcy protection without
stating a reason.

The Woodland Hills, California-based company estimated $50 million
to $100 million in assets and less than $1 million in debt.

The list of 20 largest unsecured creditors contains only four
entries, each on account of a lawsuit asserting claims of $100,000
to $400,000.

Salubrious Pharmaceutical filed a bare-bones Chapter 11 bankruptcy
petition (Bankr. C.D. Cal. Case No. 14-13835) in San Fernando
Valley, California, on Aug. 15, 2014.  The case is assigned to
Judge Maureen Tighe.

The company tapped Timothy Quick, Esq., at the Law Offices of
Timothy K Quick, in Los Alamitos, California, as counsel.

According to the docket, the schedules of assets and liabilities
and statement of financial affairs and other missing documents are
due Aug. 29, 2014.


SB PARTNERS: Incurs $205,700 Net Loss in Second Quarter
-------------------------------------------------------
SB Partners filed with the U.S. Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of
$205,732 on $692,434 of total revenues for the three months ended
June 30, 2014, as compared with a net loss of $296,015 on $626,103
of total revenues for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $490,015 on $1.31 million of total revenues as compared
with a net loss of $568,800 on $1.24 million of total revenues for
the same period last year.

The Company's balance sheet at June 30, 2014, showed $17.25
million in total assets, $22.64 million in total liabilities and a
$5.39 million total partners' deficit.

As of June 30, 2014, the Company had cash and cash equivalents of
approximately $688,000.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/VW3GNa

                          About SB Partners

Milford, Conn.-based SB Partners is a New York limited partnership
engaged in acquiring, operating and holding for investment a
varying portfolio of real estate interests.  As of June 30,
2010, the partnership owns an industrial flex property in Maple
Grove, Minnesota and warehouse distribution centers in Lino Lakes,
Minnesota and Naperville, Illinois.

SB Partners incurred a net loss of $1.10 million in 2012 as
compared with a net loss of $1.02 million in 2011.


SILVERSUN TECHNOLOGIES: Posts $60,000 Second Quarter Net Profit
---------------------------------------------------------------
Silversun Technologies, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $59,890 on $5.25 million of net total revenues for
the three months ended June 30, 2014, compared with net income of
$62,185 on $3.87 million of net total revenues for the same period
in 2013.

For the six months ended June 30, 2014, the Company reported net
income of $180,631 on $10.17 million of net total revenues
compared with net income of $177,715 on $7.91 million of net total
revenues for the same period last year.

As of June 30, 2014, the Company had $4.55 million in total
assets, $4.67 million in total liabilities and a $117,638 total
stockholders' deficit.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/AjjYId

                        About SilverSun

Livingston, N.J.-based SilverSun Technologies, Inc., formerly
known as Trey Resources, Inc., focuses on the business software
and information technology consulting market, and is looking to
acquire other companies in this industry.  SWK Technologies, Inc.,
the Company's subsidiary and the surviving company from the
acquisition and merger with SWK, Inc., is a New Jersey-based
information technology company, value added reseller, and master
developer of licensed accounting and financial software published
by Sage Software.  SWK  Technologies also publishes its own
proprietary supply-chain software, the Electronic Data Interchange
(EDI) solution "MAPADOC."  SWK Technologies sells services and
products to various end users, manufacturers, wholesalers and
distribution industry clients located throughout the United
States, along with network services provided by the Company.

Silversun Technologies posted net income of $322,548 on $17.40
million of net total revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $1.23 million on $13.17 million of net
total revenues for the year ended Dec. 31, 2012.


SKYLINE MANOR: Court Okays Douglas Kucera as Trustee's Accountant
-----------------------------------------------------------------
Ron Ross, the Chapter 11 trustee of Skyline Manor, Inc. sought and
obtained permission from the U.S. Bankruptcy Court for the
District of Nebraska to employ S. Douglas Kucera, CPA of the
accounting firm Schroeder & Schreiner, P.C. as his accountant.

The Trustee desires to engage Mr. Kucera to assist with cost
reporting and any other general accounting services that may be
needed during the course of Debtor's bankruptcy case.

Mr. Kucera will charge the Trustee his standard hourly billing
rate of $140 per hour.  In addition, Mr. Kucera would set a
maximum cost for his services at $5,000, and would not exceed
$5,000 in fees and costs without further permission and approval
from Trustee and the Court.

Mr. Kucera assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the
Bankruptcy Code and does not represent any interest adverse to the
Debtors and their estates.

Mr. Kucera can be reached at:

       S. Douglas Kucera
       SCHROEDER & SCHREINER, P.C.
       2535 N. Carleton Ave., Suite B
       Grand Island, NE 68803
       Tel: (308) 381-1355
       Fax: (308) 381-6557
       E-mail: doug@ss-cpas.com

                      About Skyline Manor

Skyline Manor, Inc., operates a retirement community in Omaha.
The facility offers apartments, assisted-living units, skilled
nursing beds and hospice care.

Skyline Manor filed a Chapter 11 bankruptcy petition
(Bankr. D. Neb. Case No. 14-80934) on May 8, 2014.  The petition
was signed by John W. Bartle as chief restructuring officer.
Judge Thomas L. Saladino presides over the case.

The Debtor estimated assets of at least $10 million and
liabilities between $10 million to $50 million.


SPEEDEMISSIONS INC: Incurs $453,000 Net Loss in Second Quarter
--------------------------------------------------------------
Speedemissions, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $453,242 on $1.60 million of revenue for the three months ended
June 30, 2014, compared to a net loss of $111,490 on $1.77 million
of revenue for the same period last year.

Net loss for the six months ended June 30, 2014, was $694,862
compared with a net loss of $382,263 for the same period a year
ago.  For the six months ended June 30, 2014, the Company had
$3.39 million of revenue compared to revenue of $3.65 million for
the same period in 2013.

The Company's balance sheet at June 30, 2014, showed $2.17 million
in total assets, $2.50 million in total liabilities, $4.57 million
in series A convertible, redeemable preferred stock, and a
$4.91 million total shareholders' deficit.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/eeN1yo

On Aug. 8, 2014, the Company received hard copy of Demand for
Payment of $791,206 pursuant to a Credit Agreement, dated June 8,
2012, as Amended by that Second Amendment to Credit Agreement,
dated Oct. 23, 2013, and Replacement and Consolidated Revolving
Note, dated Oct. 23, 2013; and Richard Parlontieri pursuant to
Validity Guaranty, dated June 8, 2012 from TCA Global Credit
Master Fund, L.P. and Trafalgar Capital Advisors, LLC.  According
to the notice, the demand of Speedemissions is a result of failure
to make timely payments.

"We do not agree with this action and are currently negotiating
with TCA regarding options to remedy this default, but have no
resolution as of the date of this report," the Company said in a
document filed with the SEC dated Aug. 14, 2014.

                       About Speedemissions

Tyrone, Georgia-based Speedemissions, Inc., is a test-only
emissions testing and safety inspection company.

Speedimissions reported a net loss of $814,482 in 2013 and a net
loss of $656,037 in 2012.


SPENDSMART NETWORKS: Incurs $2.5-Mil. Net Loss in June 30 Qtr
-------------------------------------------------------------
Spendsmart Networks, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss and comprehensive net loss of $2.48 million on $1.31
million of total revenues for the three months ended June 30,
2014, compared to a net loss of and comprehensive net loss $4.05
million on $244,011 of total revenues for the same period in 2013.

For the nine months ended June 30, 2014, the Company reported a
net loss and comprehensive net loss of $7.71 million on $2.42
million of total revenues compared to a net loss and comprehensive
net loss of $9.05 million on $790,194 of total revenues for the
same period a year ago.

The Company's balance sheet at June 30, 2014, showed $13.20
million in total assets, $2.56 million in total liabilities and
$10.64 million in total stockholders' equity.

The Company's cash and cash equivalents balance at June 30, 2014,
totaled $6,017,849.  During the nine months ended June 30, 2014,
positive cash flows resulted from financing and investing
activities of $9,724,226, offset by negative cash flows from
operating activities totaling $4,777,125.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/MgrciI

                       About SpendSmart Networks

SpendSmart Networks Inc, formerly The SpendSmart Payments Company,
is a financial solutions company focused on helping teens and
young adults between the ages of 13 and 18 to manage spending.
The Company offers a prepaid reloadable MasterCard with parental
features ranging from giving parents complete control to make
purchase on behalf of their teens to simply monitoring their
teen's purchase transactions.  The Company provides solutions that
facilitate communication between parents and teens while helping
to teach financial responsibility. In March 2014, the Company
acquired SMS Masterminds.

Effective as of June 20, 2014, SpendSmart Networks, Inc. f/k/a The
SpendSmart Payments Company filed an amendment to its newly
adopted Delaware Certificate of Incorporation to change its name
to "SpendSmart Networks, Inc.".

The Spendsmart Payments incurred a net loss and comprehensive loss
of $12.58 million on $1.02 million of revenues for the year ended
Sept. 30, 2013, as compared with a net loss and comprehensive loss
of $21.09 million on $1 million of revenues during the prior year.

EisnerAmper LLP, in Iselin, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Sept. 30, 2013.  The independent auditors noted that
the Company has incurred net losses since inception and has an
accumulated deficit at Sept. 30, 2013.  These factors among others
raise substantial doubt about the ability of the Company to
continue as a going concern.


STELLAR BIOTECHNOLOGIES: Copies of Charter Filed with SEC
---------------------------------------------------------
Stellar Biotechnologies Inc. filed with the U.S. Securities and
Exchange Commission copies of these documents:

       1. Stellar Audit Committee Charter

          http://is.gd/CeH36V

       2. Stellar Compensation Committee Charter

          http://is.gd/LnynnV

       3. Stellar Nomination and Corporate Governance Committee
          Charter

          http://is.gd/p0gZDw

       4. Stellar Code of Ethics and Business Conduct

          http://is.gd/pxRCYE

       5. Stellar Insider Trading Policy

          http://is.gd/NhfG3z

                            About Stellar

Port Hueneme, Cal.-based Stellar Biotechnologies, Inc.'s
business is to commercially produce and market Keyhole Limpet
Hemocyanin ("KLH") as well as to develop new technology related to
culture and production of KLH and subunit KLH ("suKLH")
formulations.  The Company markets KLH and suKLH formulations to
customers in the United States and Europe.

KLH is used extensively as a carrier protein in the production of
antibodies for research, biotechnology and therapeutic
applications.

Stellar Biotechnologies incurred a loss and comprehensive loss of
$14.88 million on $545.46 million of revenues for the year ended
Aug. 31, 2013, as compared with a loss and comprehensive loss of
$5.19 million on $286.05 million of revenues for the year ended
Aug. 31, 2012.

The Company's balance sheet at May 31, 2014, showed $15.50 million
in total assets, $4.35 million in total liabilities and $11.15
million in total shareholders' equity.


SUNLAND INC: Aug 29 Hearing to Approve Salmonella Claims Protocol
-----------------------------------------------------------------
Clarke C. Coll, the chapter 7 trustee in the bankruptcy case of
Sunland Inc., (Bankr. D. N.M. Case No. 13-13301) seeks approval
of:

     -- a settlement and insurance policy buyback agreement
        with Great American Alliance Insurance Company and
        Jimmie Shearer; and

     -- Salmonella claim settlement and distribution procedures

In September 2012, Sunland was the subject of an FDA recall in
connection with an outbreak of Salmonella Bredeney.

The agreement provides, in part, that Great American will pay
$10.6 million to purchase from the estate certain liability
insurance policies for settlement of all disputes, including all
coverage disputes, broad and final releases, and conveyance to
Great American of all rights, title and interests in the policies,
free and clear of any and all claims and interests of any and all
persons.  Of this amount, $10 million will be placed in certain
funds to be used to pay eligible claims arising from the outbreak,
and $600,000 will be used to administer the funds and determine
the eligible claims.

The Chapter 7 trustee also seeks an injunction providing, in part,
that all persons who have held, who hold or who may in the future
hold any Claim or Interest against Great American, Sunland, the
estates, the policies, Shearer, other Sunland officers and
directors, or any other person who may claim to be an insured,
will be permanently enjoined from talking any action to enforce
those claims or interests.

Objections to the Chapter 7 trustee's request are due Aug. 28.

A preliminary hearing on any objections is set for Aug. 29 at 2
p.m.

A final hearing on any unresolved objections is set for Sept. 30
at 9 a.m.

If no objections are timely filed, orders granting the Motions
will be presented for entry without a final hearing or further
notice.

The Chapter 7 Trustee is represented by:

         Thomas D. Walker, Esq.
         WALKER & ASSOCIATES P.C.
         500 Marquette N.W., Suite 650
         Albuquerque, NM 87102
         Tel: 505-766-9272
         E-mail: twalker@walkerlawpc.com


SUNVALLEY SOLAR: Reports $274,000 Net Loss in Second Quarter
------------------------------------------------------------
Sunvalley Solar, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $273,896 on $17,580 of revenues for the three months ended
June 30, 2014, compared with a net loss of $157,031 on $516,228 of
revenues for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $488,155 on $19,628 of revenues compared with a net loss
of $546,179 on $528,884 of revenues for the same period last year.

The Company's balance sheet at June 30, 2014, showed $7.46 million
in total assets, $6.07 million in total liabilities, and $1.39
million of stockholders' equity.

"We have experienced recurring losses from operations and had an
accumulated deficit of $2,849,472 as of June 30, 2014.  To date,
we have not been able to produce sufficient sales to become cash
flow positive and profitable on a consistent basis.  The success
of our business plan during the next 12 months and beyond will be
contingent upon generating sufficient revenue to cover our costs
of operations and/or upon obtaining additional financing.  For
these reasons, our auditor has raised substantial doubt about our
ability to continue as a going concern," the Company stated in the
Report.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/rkHMkh

                       About Sunvalley Solar

Sunvalley Solar, Inc., is a California-based solar power
technology and system integration company.  Since the inception of
its business in 2007, the company has focused on developing its
expertise and proprietary technology to install residential,
commercial and governmental solar power systems.

Sunvalley Solar disclosed a net loss of $1.76 million on $3.74
million of revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $398,866 on $5.82 million of revenue for the
year ended Dec. 31, 2011.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company had losses from operations of
$1,767,902 and accumulated deficit of $3,125,692, which raises
substantial doubt about its ability to continue as a going
concern.


TELECONNECT INC: Reports $768,000 Net Loss in June 30 Quarter
-------------------------------------------------------------
Teleconnect Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $768,043 on $9,674 of sales for the three months ended June 30,
2014, compared with a net loss of $906,479 on $30,670 of revenues
for the same period in 2013.

For the nine months ended June 30, 2014, the Company incurred a
net loss of $2.44 million on $140,262 of sales compared with a net
loss of $2.93 million on $315,177 of sales for the same period a
year ago.

As of June 30, 2014, the Company had $4.47 million in total
assets, $3.21 million in total liabilities, all current, and
$1.26 million in total stockholders' equity.

At June 30, 2014 and Sept. 30, 2013, Teleconnect Inc. had a
working capital deficit of $2,843,965 and $2,087,316,
respectively.  This decrease of working capital, $756,649 or
36.2%, is primarily a result of the increase in total current
liabilities of $725,045 as detailed previously.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/ppvQxv

                         About Teleconnect

Teleconnect Inc., headquartered in Breda, The Netherlands, was
incorporated under the laws of the State of Florida on Nov. 23,
1998.

With its ownership in Hollandsche Exploitatie Maatschappij BV
(HEM), a Dutch entity established in 2007, the Company's main
activities are the manufacturing, sales and lease of age
validation equipment and the performance of age validation.  The
Company also sells and maintains vending solutions (through
Mediawizz, The Netherlands), is involved in the broadcasting of
in-store commercial messages using the age validation equipment
between age checks (through HEM), and plans to develop market
survey activities in the future (through Giga Matrix, The
Netherlands).

Teleconnect incurred a net loss of $3.47 million for the year
ended Sept. 30, 2013, as compared with a net loss of $3.87 million
for the year ended Sept. 30, 2012.

Coulter & Justus, P.C., in Knoxville, Tennessee, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Sept. 30, 2013.  The independent auditors noted
that the Company has suffered recurring losses from operations and
has a net capital deficiency in addition to a working capital
deficiency, which raise substantial doubt about its ability to
continue as a going concern.


TN-K ENERGY: Reports $225,000 Net Loss in Second Quarter
--------------------------------------------------------
TN-K Energy Group Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $225,288 on $68,705 of total revenue for the three months ended
June 30, 2014, compared with a net loss of $50,650 on $87,649 of
total revenue for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $324,790 on $81,591 of total revenue compared with a net
loss of $134,587 on $136,938 of total revenue for the same period
during the prior year.

As of June 30, 2014, the Company had $2.21 million in total
assets, $3.92 million in total liabilities, and a $1.71 million
total stockholders' deficit.

"The Company has incurred losses since inception and has negative
cash flows from operations and a substantial portion of the debt
is in default and has a stockholders' deficit of $(1,718,527) as
of June 30, 2014.   The future of the Company is dependent upon
its ability to obtain additional equity and/or debt financing and
upon the continued development of commercially viable producing
wells at levels which significantly increase the Company's
revenues and net income.  Management cannot assure that the
Company will be able to secure such financing or obtain financing
on terms beneficial to the Company or that the Company will be
able to significantly increase its revenues and net income.
Failure to achieve these goals may result in the Company's
inability to continue as a going concern and the impairment of the
recorded long-lived assets," the Company stated in the Report.

A full-text copy of the Form 10-Q is available for free at:

                         http://is.gd/gn0xzm

                          About TN-K Energy

Crossville, Tenn.-based TN-K Energy Group, Inc., an independent
oil exploration and production company, engaged in acquiring oil
leases and exploring and developing crude oil reserves and
production in the Appalachian basin.

TN-K Energy disclosed net income of $3.97 million on $1.88 million
of total revenue for the year ended Dec. 31, 2012, as compared
with net income of $1.25 million on $1.88 million of total revenue
in 2011.

Liggett, Vogt & Webb, P.A., in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
the Company has incurred recurring operating losses and will have
to obtain additional financing to sustain operations.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


TRIPLANET PARTNERS: Court Approves EisnerAmper as Accountant
------------------------------------------------------------
TriPlanet Partners, LLC, sought and obtained authority from the
Hon. Robert D. Drain of the U.S. Bankruptcy Court from the
Southern District of New York to employ EisnerAmper LLP, as
accountants.

EisnerAmper's services to the Debtor include:

   (a) reviewing the Debtor's books and records;

   (b) examining and reviewing the Debtor's financial information
       (including determining the Debtor's profits, if any, from
       2010 to the present);

   (c) reviewing and analyzing insider transactions;

   (d) reconciling Roberts' claim against the Debtor;

   (e) assisting the Debtor's chief restructuring officer with
       litigation he may pursue;

   (f) analyzing the tax liability owed to the taxing authority in
       London, England;

   (g) investigating the transfers of assets; and

   (h) assisting with such other financial advisory or accounting
       services as the Debtor may deem necessary.

EisnerAmper will be paid at these hourly rates:

       Partner                  $474-$520
       Director                 $395-$470
       Senior Manager           $370-$390
       Manager                  $285-$330
       Senior                   $225-$265
       Staff Assistants/
       Paralegals               $150-$250

EisnerAmper will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Ira Spiegel, director of EisnerAmper, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

EisnerAmper can be reached at:

       Ira Spiegel
       EISNERAMPER LLP
       750 Third Avenue
       New York, NY 10017
       Tel: (212) 891-4061

                 About Triplanet Partners LLC

Triplanet Partners LLC filed a Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 14-22643) on May 8, 2014.  Sophien
Bennaceur signed the petition as manager.  The Debtor disclosed
$19,946,560 in assets and $33,663,525 in liabilities.  Arnold
Mitchell Greene, Esq., at Robinson Brog Leinwand Greene Genovese &
Gluck, P.C., serves as the Debtor's counsel.  Judge Robert D.
Drain oversees the case.


UNI-PIXEL INC: To Present at 2014 Gateway Conference on Sept. 4
---------------------------------------------------------------
UniPixel, Inc., has been invited to present at the 2014 Gateway
Conference being held on Sept. 4, 2014, at the Palace Hotel in San
Francisco.

UniPixel President and CEO Jeff Hawthorne is scheduled to present
at 1:30 p.m. Pacific time, with one-on-one meetings held
throughout the day.  Management will discuss the Company's
progress in commercializing its revolutionary InTouch SensorsTM
for mobile and all-in-one devices, including the recent
achievement of roll-to-roll pilot production.

For additional information or to schedule a one-on-one meeting
log-in via the link provided in your invitation. You may also
email your request to schedule@gateway-conference.com or call Ron
Both at (949) 574-3860.

                         About Uni-Pixel Inc.

The Woodlands, Tex.-based Uni-Pixel, Inc. (OTC BB: UNXL)
-- http://www.unipixel.com/-- is a production stage company
delivering its Clearly Superior(TM) Performance Engineered Films
to the Lighting & Display, Solar and Flexible Electronics market
segments.

Uni-Pixel reported a net loss of $15.18 million in 2013, a net
loss of $9.01 million in 2012 and a net loss of $8.56 million in
2011.

As of June 30, 2014, the Company had $44.40 million in total
assets, $5.60 million in total liabilities and $38.80 million in
total shareholder's equity.


UNILAVA CORP: Delays Form 10-Q Report for 2nd Quarter
-----------------------------------------------------
Unilava Corporation filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the quarter ended
June 30, 2014.  The Company said it was unable to prepare the
financial statements in sufficient time to allow the timely filing
of that report.

                      About Unilava Corporation

Unilava Corporation (OTC BB: UNLA) -- http://www.unilava.com/--
is a diversified communications holding company incorporated under
the laws of the State of Wyoming in 2009.  Unilava and its
subsidiary brands provide a variety of communications services,
products, and equipment that address the needs of corporations,
small businesses and consumers.  The Company is licensed to
provide long distance services in 41 states throughout the U.S.
and local phone services across 11 states.  Through its carrier-
grade microwave wireless broadband infrastructure and broadband
Internet access partners, the Company also offers mobile and high-
definition IP-hosted voice services to residential customers and
corporate clients.  Additionally, Unilava delivers a comprehensive
and integrated suite of fee-based online and mobile advertising
and web services to a broad array of business enterprises.
Headquartered in San Francisco, the Company has regional offices
in Chicago, Seoul, Hong Kong, and Beijing.

Unilava reported a net loss of $1.58 million in 2012, as compared
with a net loss of $2.98 million in 2011.

Shelley International CPA, in Mesa, AZ, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
the Company has suffered losses from operations, which raises
substantial doubt about its ability to continue as a going
concern.


UNIVERSAL SOLAR: System Fault Causes Delay in 10-Q Filing
---------------------------------------------------------
Universal Solar Technology, Inc., filed with the U.S. Securities
and Exchange Commission a Notification of Late Filing on Form
12b-25 with respect to its quarterly report on Form 10-Q for the
quarter ended June 30, 2014.  The company has been unable to
complete the Quarterly Report due to an error in the Company's
financial system when the Company prepared the Form 10-Q in July.

The Company said that although the system has been repaired, it
will need additional time to make sure that the dates in the Form
10-Q are accurate.  The Company intends to file the Second
Quarterly Report within the extension period.

                        About Universal Solar

Headquartered in Zhuhai City, Guangdong Province, in the People's
Republic of China, Universal Solar Technology, Inc., was
incorporated in the State of Nevada on July 24, 2007.  It operates
through its wholly owned subsidiary, Kuong U Science & Technology
(Group) Ltd., a company incorporated in Macau, the People's
Republic of China on May 10, 2007, and its subsidiary, Nanyang
Universal Solar Technology Co., Ltd., a wholly foreign owned
enterprise registered on Sept. 8, 2008 under the wholly foreign-
owned enterprises laws of the PRC.

The Company primarily manufactures, markets and sells silicon
wafers to manufacturers of solar cells.  In addition, the Company
manufactures photovoltaic modules with solar cells purchased from
third parties.

Universal Solar reported a net loss of $1.28 million in 2013
following a net loss of $5.66 million in 2012.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company had not generated cash from its operation, had a
stockholders' deficiency of $ 10,663,106 and had incurred net loss
of $ 11,175,906 since inception.  These circumstances, among
others, raise substantial doubt about the Company's ability to
continue as a going concern.


USEC INC: Files Second Quarter 2014 Report With SEC
---------------------------------------------------
USEC Inc. filed its quarterly report on Form 10-Q with the
Securities and Exchange Commission for the period ended June 30,
2014.  USEC said total assets were $807.7 million against $1,343.9
million in total liabilities.

USEC reported a net loss of $28.0 million for the quarter ended
June 30, 2014, compared to a net loss of $40.9 million for the
second quarter of 2013.  For the six months ended June 30, 2014,
USEC reported a loss of $78.8 million compared to $42.9 million in
the same period of 2013.

A copy of the Form 10-Q Report is available at http://is.gd/sHwdGZ

                        About USEC Inc.

USEC Inc. filed a Chapter 11 bankruptcy petition (Bank. D. Del.
Case No. 14-10475) on March 5, 2014.  John R. Castellano signed
the petition as chief restructuring officer.  The Hon. Christopher
S. Sontchi presides over the case.

D. J. Baker, Esq., Rosalie Walker Gray, Esq., Adam S. Ravin, Esq.,
and Annemarie V. Reilly, Esq., at Latham & Watkins LLP, serve as
the Debtor's general counsel.  Amanda R. Steele, Esq., Mark D.
Collins, Esq., and Michael J. Merchant, Esq., at Richards, Layton
& Finger, P.A., serve as the Debtor's Delaware counsel.  Vinson &
Elkins is the Debtor's special counsel.  Lazard Freres & Co. LLC
acts as the Debtor's investment banker.  AP Services, LLC,
provides management services to the Debtor.  Logan & Company Inc.
serves as the Debtor's claims and noticing agent.  Deloitte Tax
LLP are the Debtor's tax professionals.  The Debtor's independent
auditor is PricewaterhouseCoopers LLP.  KPMG LLP provides fresh
start accounting services to the Debtors.

                          *     *     *

The Court approved the disclosure statement explaining USEC Inc.'s
plan of reorganization on July 7, 2014.  The Confirmation Hearing
is scheduled for Sept. 5, 2014, at 1:00 p.m. (Eastern time).
The Plan Objection Deadline is Aug. 22, and the deadline for
filing a reply to objections to confirmation of the Plan, if any,
is Sept. 2.


UTSTARCOM HOLDINGS: Incurs $4.6 Million Second Quarter Net Loss
---------------------------------------------------------------
UTStarcom reported a net loss attributable to UTStarcom's
shareholders for the second quarter of 2014 of $4.6 million,
compared to net loss attributable to UTStarcom's shareholders of
$2.1 million for the corresponding period in 2013.  Net loss
attributable to UTStarcom's shareholders for the first half of
2014 was $7.9 million, compared to net loss attributable to
UTStarcom's shareholders of $7.1 million for the corresponding
period in 2013.

Total revenues for the second quarter of 2014 were $31.9 million,
a decrease of 33.2% from $47.7 million for the corresponding
period in 2013.  Total revenues for the first half of 2014 were
$64.2 million, a decrease of 24.3% from $84.9 million for the
corresponding period in 2013.

As of June 30, 2014, the Company had $326.56 million in total
assets, $186.21 million in total liabilities and $140.35 million
in total equity.

As of June 30, 2014, UTStarcom had cash and cash equivalents of
$95.1 million.

Mr. William Wong, UTStarcom's chief executive officer, stated, "We
are pleased with our performance in the second quarter as well as
with the ongoing progress we are making in the aggressive
transformation of UTStarcom.  During the quarter we exceeded our
expectations for the topline, continued to drive costs out of our
business, and made a great many strategic moves that will help us
propel the transition of our Company forward.  More specifically,
we staged a global launch of our carrier-class Wi-Fi solution,
strengthening our product portfolio with key customers.  Further,
we pushed more aggressively into key markets, as highlighted by
our opening of a new product testing and demonstration lab in the
U.S., and we believe these global expansion efforts will drive
significant improvement in top and bottom line growth.  Lastly, we
reduced the size of the Board, appointed a new Chairman, and
together we are driving for higher efficiency and stronger
governance.  The management team and Board of Directors are
working closely together to drive progress and success in the
business.  All in, the second quarter was a critical period for
UTStarcom and proves that we are fully on the right track to
compete more aggressively on a global stage going forward."

Mr. Robert Pu, UTStarcom's chief financial officer, commented, "In
the second quarter, we achieved better than expected revenue
growth and sequential improvement in our gross margin despite the
depreciation of Japanese yen.  As we move into the second half of
the year, we are particularly pleased with our improved underlying
financial position and with the strength of our balance sheet.
With $95.1 million in cash and no debt, we have ample liquidity to
fund our investments in future business growth.  In the quarters
ahead, the Company will continue to keep its vigilant focus on
topline growth, cost control, and cash generation.  We will work
diligently towards the goal of delivering increased sales,
generating operating cash flow, and further improving overall
finance performance."

                 Chief Financial Officer Transition

The Company appointed Mr. Min Xu as chief financial officer of the
Company, effective August 21.  Mr. Xu will replace Mr. Robert Pu
who has resigned for personal reasons but will remain with the
business for six months as a consultant to help ensure a smooth
transition.  The Company also announced an additional important
promotion within the finance team.  Mr. Bill Lou, who joined the
Company in April 2002 and currently serves as financial controller
of the company, has been promoted to Vice President of Finance.

A full-text copy of the press release is available for free at:

                         http://is.gd/4ky25O

                        About UTStarcom, Inc.

UTStarcom, Inc. (Nasdaq: UTSI) -- http://www.utstar.com/-- is a
global leader in IP-based, end-to-end networking solutions and
international service and support.  The Company sells its
solutions to operators in both emerging and established
telecommunications markets around the world.  UTStarcom enables
its customers to rapidly deploy revenue-generating access services
using their existing infrastructure, while providing a migration
path to cost-efficient, end-to-end IP networks.  The Company's
headquarters are currently in Alameda, California, with its
research and design operations primarily in China.

UTStarcom Holdings reported a net loss of $22.73 million on
$164.43 million of net sales for the year ended Dec. 31, 2013, as
compared with a net loss of $35.57 million on $186.72 million of
net sales for the year ended Dec. 31, 2012.

"We have a history of operating losses and may not have sufficient
liquidity to execute our business plan or to continue our
operations without obtaining additional funding or selling
additional securities.  We may not be able to obtain additional
funding under commercially reasonable terms or issue additional
securities," the Company said in the Annual Report for the year
ended Dec. 31, 2013.


VERMILLION INC: Eliminates SVP Sales & Marketing & CMO Positions
----------------------------------------------------------------
Due to recent changes in the sales and marketing organization of
Vermillion, Inc., the position of senior vice president, sales and
marketing and chief commercial officer was eliminated.  As a
result, Marian Sacco, senior vice president, sales and marketing
and chief commercial officer, departed the Company effective
August 12, 2014.

In connection with Ms. Sacco's departure from the Company, Ms.
Sacco will be entitled to accelerated vesting of 50% of the
unvested options previously granted by the Company to Ms. Sacco,
severance and certain benefits in accordance with her Employment
Agreement with the Company, dated Dec. 16, 2013, provided that Ms.
Sacco signs and does not revoke a standard separation agreement
releasing all claims against the Company, in a form reasonably
satisfactory to the Company, does not breach any provision of the
Sacco Employment Agreement, and continues to comply with the
Proprietary Information and Inventions Agreement between Mr. Sacco
and the Company.

Ms. Sacco's termination was not the result of any disagreement
with the Company on any matter relating to the Company's
operations, policies or practices.

                          About Vermillion

Vermillion, Inc., is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

The Company filed for Chapter 11 on March 30, 2009 (Bankr. D. Del.
Case No. 09-11091).  Vermillion's legal advisor in connection with
its successful reorganization efforts was Paul, Hastings,
Janofsky & Walker LLP.  Vermillion emerged from bankruptcy in
January 2010.  The Plan called for the Company to pay all claims
in full and equity holders to retain control of the Company.

Vermillion incurred a net loss of $8.81 million in 2013, a net
loss of $7.14 million in 2012 and a net loss of $17.79 million in
2011.  As of March 31, 2014, the Company had $27.27 million in
total assets, $4.34 million in total liabilities and $22.92
million in total stockholders' equity.


VERSO PAPER: Incurs $42.8 Million Net Loss in Second Quarter
------------------------------------------------------------
Verso Paper Corp. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $42.83 million on $320.91 million of net sales for the three
months ended June 30, 2014, compared to a net loss of $43.03
million on $330.38 million of net sales for the same period in
2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $133.44 million on $620.02 million of net sales compared
to a net loss of $81.41 million on $663.60 million of net sales
for the same period last year.

As of June 30, 2014, Verso Paper had $1.03 billion in total
assets, $1.58 billion in total liabilities and a $549.42 million
total deficit.

"Our ability to continue as a going concern is dependent on
management's plans, which are centered on the NewPage acquisition,
and also include potential asset acquisitions or dispositions,
mergers or business combinations with other entities, and
continuing to raise funds through debt and/or equity financings.
Our future projected operating results for current operations
alone raise substantial doubt as to our ability to continue as a
going concern," the Company said in the 10-Q.

A full-text copy of the Quarterly Report is available for free at:

                       http://is.gd/JcUJ38

                            About Verso

Verso is a North American producer of coated papers, including
coated groundwood and coated freesheet, and specialty products.
Verso is headquartered in Memphis, Tennessee, and owns three paper
mills located in Maine and Michigan.  Verso's paper products are
used primarily in media and marketing applications, including
magazines, catalogs and commercial printing applications such as
high-end advertising brochures, annual reports and direct-mail
advertising.  Additional information about Verso is available on
its Web site at http://www.versopaper.com/

                            *    *    *

As reported by the TCR on July 10, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating on Memphis, Tenn.-
based Verso Paper Holdings LLC to 'CC' from 'CCC'.  "The rating
action reflects the announcement that the company plans to conduct
a two-part exchange for its senior secured second-priority notes
and senior subordinated notes," said Standard & Poor's credit
analyst David Kuntz.

The TCR reported on June 24, 2014, that Moody's Investors Service
downgraded Verso Paper Holdings LLC's corporate family rating
(CFR) to Caa3 from B3 and probability of default rating (PDR) to
Caa3-PD from Caa2-PD.  Verso's Caa3 CFR reflects the elevated risk
of a default or distressed exchange in the next 12 months, the
company's weak liquidity, high leverage (adjusted leverage over
13x), and the expectation that the company will continue to face
secular demand declines and weak prices for most of the grades of
coated paper it produces.


VISION INDUSTRIES: Incurs $138,000 Net Loss in Second Quarter
-------------------------------------------------------------
Vision Industries Corp. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q reporting a
net loss of $138,143 on $0 of revenue for the three months ended
June 30, 2014, compared to a net loss of $1.36 million on $0 of
revenue for the same period during the prior year.

Net loss for the six months ended June 30, 2014, was $1.25 million
compared to a net loss of $2.53 million for the same period a year
ago.

As of June 30, 2014, the Company had $1.34 million in total
assets, $3.18 million in total liabilities, and a $1.83 million
total stockholders' deficit.

As of June 30, 2014, the Company had a working capital deficit of
$1,944,098.  The Company's cash balance at June 30, 2014, was
$7,249, and the Company is dependent on its ability to continue to
raise funds primarily through debt financing.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/4Uat6Z

                      About Vision Industries

Long Beach, Cal.-based Vision Industries Corp. focuses its
efforts in building Class 8 fuel cell electric vehicles (FCEV)
used in drayage transportation.

Vision Industries reported a net loss of $5.28 million on $26,545
of total revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $6.44 million on $764,157 of total revenue for
the year ended Dec. 31, 2011.

DKM Certified Public Accountants, in Clearwater, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company's cash and available credit are
not sufficient to support its operations for the next year.
Accordingly, management needs to seek additional financing that
raises substantial doubt about its ability to continue as a going
concern.


VISUALANT INC: Incurs $1.3 Million Net Loss in Third Quarter
------------------------------------------------------------
Visualant, Incorporated, filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $1.33 million on $2.02 million of revenue for the
three months ended June 30, 2014, compared with a net loss of
$2.41 million on $2.06 million of revenue for the same period in
2013.

For the nine months ended June 30, 2014, the Company reported a
net loss of $1.21 million on $5.92 million of revenue compared
with a net loss of $5.46 million on $6.33 million of revenue for
the same period last year.

As of June 30, 2014, the Company had $3.46 million in total
assets, $7.09 million in total liabilities, all current, $72,713
in non-controlling interest, and a $3.70 million total
stockholders' deficit.

"The Company anticipates that it will record losses from
operations for the foreseeable future.  As of June 30, 2014, our
accumulated deficit was $21,776,800.  The Company has limited
capital resources, and operations to date have been funded with
the proceeds from private equity and debt financings and currently
from loans from Ronald P. Erickson, our Chief Executive Officer.
These conditions raise substantial doubt about our ability to
continue as a going concern," the Company stated in the Report.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/OGNFun

                        About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant incurred a net loss of $6.60 million for the year ended
Sept. 30, 2013, as compared with a net loss of $2.72 million for
the year ended Sept. 30, 2012.

PMB Helin Donovan, LLP, in Seattle, Washington, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Sept. 30, 2013.  The independent auditors noted
that the Company has sustained a net loss from operations and has
an accumulated deficit since inception.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


VYCOR MEDICAL: Incurs $1.3 Million Net Loss in Second Quarter
-------------------------------------------------------------
Vycor Medical, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.27 million on $298,540 of revenue for the three months ended
June 30, 2014, as compared with a net loss of $656,551 on $234,954
of revenue for the same period during the prior year.

For the six months ended June 30, 2014, the Company reported a net
loss of $2.06 million on $656,662 of revenue as compared with a
net loss of $1.29 million on $466,628 of revenue for the same
period in 2013.

As of June 30, 2014, the Company had $4.79 million in total
assets, $3.30 million in total liabilities, and $1.48 million in
total stockholders' equity.

Cash and cash equivalents were $2,840,052 at June 30, 2014.

Peter Zachariou, chief executive officer of Vycor, commented:
"These results demonstrate that Vycor continues to build value and
momentum with its existing products, with revenues up 27% overall
compared to 2013 and up 39% in the Vycor VBAS business.  Clearly,
Vycor is executing on its development plan and I am increasingly
encouraged by our progress and the opportunities in front of us.
We have moved into manufacturing implementation of our new small
VBAS units and completed prototyping of the new IGS-compatible
devices.  We have expanded the NeuroEyeCoach suite and our VRT
development is nearing completion.  With the $5 million Offering
completed in the second quarter and the $2.4 million debt
exchange, we are well capitalized and in a position to take
advantage of strategic opportunities as they arise and to continue
to build shareholder value through the execution of our clearly
articulated growth strategy."

Cash and cash equivalents were $2,840,052 at June 30, 2014.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/vwWIAm

                        About Vycor Medical

Boca Raton, Fla.-based Vycor Medical, Inc. (OTC BB: VYCO)
-- http://www.VycorMedical.com/-- is a medical device company
committed to making neurological brain, spinal and other surgical
procedures safer and more effective.  The Company's flagship,
Patent Pending ViewSite(TM) Surgical Access Systems represent an
exciting new minimally invasive access and retraction system that
holds the potential for speedier, safer and more economical brain,
spinal and other surgeries and a quicker patient discharge.
Vycor's innovative medical instruments are designed to optimize
neurosurgical site access, reduce patient risk, accelerate
recovery, and add tangible value to the professional medical
community.

Vycor Medical reported a net loss of $2.47 million on $1.08
million of revenue for the year ended Dec. 31, 2013, as compared
with a net loss of $2.93 million on $1.20 million of revenue for
the year ended Dec. 31, 2012.


VYCOR MEDICAL: Fountainhead Owns 50% of Common Shares
-----------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Fountainhead Capital Management Limited
disclosed that as of Aug. 5, 2014, it beneficially owned 6,399,902
shares of common stock of Vycor Medical, Inc., representing 50.1
percent of the shares outstanding.  On August 5, Fountainhead was
issued Warrants to purchase 572,613 Vycor Common Shares in
connection with its exchange of $1,641,487 of debt in the Company
held by Fountainhead.

Fountainhead previously disclosed beneficial ownership of
5,827,289 shares at June 30, 2014.

A full-text copy of the regulatory filing is available at:

                        http://is.gd/t78Oe1

                        About Vycor Medical

Boca Raton, Fla.-based Vycor Medical, Inc. (OTC BB: VYCO)
-- http://www.VycorMedical.com/-- is a medical device company
committed to making neurological brain, spinal and other surgical
procedures safer and more effective.  The Company's flagship,
Patent Pending ViewSite(TM) Surgical Access Systems represent an
exciting new minimally invasive access and retraction system that
holds the potential for speedier, safer and more economical brain,
spinal and other surgeries and a quicker patient discharge.
Vycor's innovative medical instruments are designed to optimize
neurosurgical site access, reduce patient risk, accelerate
recovery, and add tangible value to the professional medical
community.

Vycor Medical reported a net loss of $2.47 million on $1.08
million of revenue for the year ended Dec. 31, 2013, as compared
with a net loss of $2.93 million on $1.20 million of revenue for
the year ended Dec. 31, 2012.  The Company's balance sheet at
March 31, 2014, showed $4.86 million in total assets, $5.10
million in total liabilities and a $247,332 total stockholders'
deficiency.


VYCOR MEDICAL: Peter Zachariou Holds 25.7% of D Preferred Shares
----------------------------------------------------------------
Peter C. Zachariou disclosed in a regulatory filing with the U.S.
Securities and Exchange Commission that as of Aug. 5, 2014, he
beneficially owned 60,555 of 7% Series D Convertible Redeemable
Preferred Stock Par Value $0.0001, representing 25.7% of the
Company's outstanding Series D.  On Aug. 5 2014, Mr. Zachariou
exchanged $605,550 of debt in the Company held by him into 60,555
shares of Series D.  A copy of the regulatory filing is available
for free at http://is.gd/FEf1oL

                         About Vycor Medical

Boca Raton, Fla.-based Vycor Medical, Inc. (OTC BB: VYCO)
-- http://www.VycorMedical.com/-- is a medical device company
committed to making neurological brain, spinal and other surgical
procedures safer and more effective.  The Company's flagship,
Patent Pending ViewSite(TM) Surgical Access Systems represent an
exciting new minimally invasive access and retraction system that
holds the potential for speedier, safer and more economical brain,
spinal and other surgeries and a quicker patient discharge.
Vycor's innovative medical instruments are designed to optimize
neurosurgical site access, reduce patient risk, accelerate
recovery, and add tangible value to the professional medical
community.

Vycor Medical reported a net loss of $2.47 million on $1.08
million of revenue for the year ended Dec. 31, 2013, as compared
with a net loss of $2.93 million on $1.20 million of revenue for
the year ended Dec. 31, 2012.  The Company's balance sheet at
March 31, 2014, showed $4.86 million in total assets, $5.10
million in total liabilities and a $247,332 total stockholders'
deficiency.


VYCOR MEDICAL: Fountainhead Owns 70% of Outstanding D Shares
------------------------------------------------------------
In a Schedule 13D filed with the U.S. Securities and Exchange
Commission, Fountainhead Capital Management Limited disclosed that
as of Aug. 5, 2014, it beneficially owned 164,149 of 7% Series D
Convertible Redeemable Preferred Stock par value $0.0001,
approximately 70% of the Company's outstanding Series D.  On
Aug. 5 2014, Fountainhead exchanged $1,641,487 of debt in the
Company held by it into 164,149 shares of Series D.  A copy of the
regulatory filing is available at http://is.gd/tNcQgk

                         About Vycor Medical

Boca Raton, Fla.-based Vycor Medical, Inc. (OTC BB: VYCO)
-- http://www.VycorMedical.com/-- is a medical device company
committed to making neurological brain, spinal and other surgical
procedures safer and more effective.  The Company's flagship,
Patent Pending ViewSite(TM) Surgical Access Systems represent an
exciting new minimally invasive access and retraction system that
holds the potential for speedier, safer and more economical brain,
spinal and other surgeries and a quicker patient discharge.
Vycor's innovative medical instruments are designed to optimize
neurosurgical site access, reduce patient risk, accelerate
recovery, and add tangible value to the professional medical
community.

Vycor Medical reported a net loss of $2.47 million on $1.08
million of revenue for the year ended Dec. 31, 2013, as compared
with a net loss of $2.93 million on $1.20 million of revenue for
the year ended Dec. 31, 2012.  The Company's balance sheet at
March 31, 2014, showed $4.86 million in total assets, $5.10
million in total liabilities and a $247,332 total stockholders'
deficiency.


WAFERGEN BIO-SYSTEMS: Ends Second Quarter with $3.5MM in Cash
-------------------------------------------------------------
WaferGen Bio-systems, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $2.10 million on $1.73 million of total revenue for
the three months ended June 30, 2014, compared to a net loss of
$3.16 million on $246,248 of total revenue for the same period in
2013.

For the six months ended June 30, 2014, the Company reported
a net loss of $4.64 million on $3.13 million of total revenue
compared to a net loss of $6.94 million on $424,735 of total
revenue for the same period during the prior year.

The Company's balance sheet at June 30, 2014, showed $9.41 million
in total assets, $7.69 million in total liabilities and $1.71
million in total stockholders' equity.

As of June 30, 2014, the Company had $3,521,549 in unrestricted
cash and cash equivalents, and working capital of $3,231,026.

"The Company has incurred operating losses and negative cash flows
from operations since its inception.  Management expects that
revenues will increase as a result of current and future product
releases.  However, the Company also expects to incur additional
expenses for the development and expansion of its products,
marketing campaigns, and operating costs as it expands its
operations.  Therefore, the Company expects operating losses and
negative cash flows to continue for the foreseeable future.  It is
management's plan to obtain additional working capital through
additional financings.  The Company believes that it will be
successful in expanding operations, gaining market share, and
raising additional funds.  However, there can be no assurance that
in the event the Company requires additional financing, such
financing will be available at terms which are favorable, or at
all.  Failure to generate sufficient cash flows from operations or
raise additional capital could have a material adverse effect on
the Company's ability to achieve its intended business objectives.
These factors raise substantial doubt about the Company's ability
to continue as a going concern," the Company stated in the Report.

A full-text copy of the Form 10-Q is available for free at:

                          http://is.gd/262NIY

                       About WaferGen Bio-systems

Fremont, California-based WaferGen Bio-systems, Inc., engages in
the development of systems for gene expression quantification,
genotyping and stem cell research.  Since 2008, the Company's
primary focus has been on the development, manufacture and
marketing of its SmartChip System, a genetic analysis platform
used for profiling and validating molecular biomarkers in the life
sciences and pharmaceutical drug discovery industries.

WaferGen reported a net loss attributable to common stockholders
of $17.71 million in 2013, following a net loss attributable to
common stockholders of $8.97 million in 2012.

SingerLewak LLP, in San Jose, California, issued a "going concern"
qualification on the consoliated financial statements for the year
ended Dec. 31, 2013.  The independent auditors noted that the
Company has incurred operating losses and negative cash flows from
operating activities since inception which raise substantial doubt
about the Company's ability to continue as a going concern.


Z TRIM HOLDINGS: Incurs $1.6 Million Net Loss in Second Quarter
---------------------------------------------------------------
Z Trim Holdings, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.57 million on $212,154 of total revenues for the three
months ended June 30, 2014, as compared with net income of $3.08
million on $382,126 of total revenues for the same period last
year.

For the six months ended June 30, 2014, the Company reported a net
loss of $3.01 million on $528,624 of total revenues as compared
with a net loss of $8.25 million on $745,957 of total revenues for
the same period last year.

As of June 30, 2014, the Company had $3.10 million in total
assets, $2.17 million in total liabilities and $930,616 in total
stockholders' equity.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/dQ7Rru

                           About Z Trim

Mundelein, Ill.-based Z Trim Holdings, Inc., is a functional food
ingredient company which provides custom product solutions that
help answer the food industry's problems.  Z Trim's revolutionary
technology provides value-added ingredients across virtually all
food industry categories.  Z Trim's all-natural products, among
other things, help to reduce fat and calories, add fiber, provide
shelf-stability, prevent oil migration, and add binding capacity
-- all without degrading the taste and texture of the final food
products.

Z Trim Holdings reported a net loss of $13.43 million in 2013, a
net loss of $9.58 million in 2012 and a net loss of $6.94 million
in 2011.

M&K CPAS, PLLC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company does not have enough cash on hand to meet its current
liabilities and has had reoccurring losses as of Dec. 31, 2013.
These conditions raise substantial doubt about its ability to
continue as a going concern.


* New York Prosecutors Charge Payday Lenders with Usury
-------------------------------------------------------
Jessica Silver-Greenberg, writing for The New York Times'
DealBook, reported that a trail of money that began with triple-
digit loans to troubled New Yorkers and wound through companies
owned by a former used-car salesman in Tennessee led New York
prosecutors on a yearlong hunt through the shadowy world of payday
lending.  According to the report, on Aug. 11, that investigation
culminated with state prosecutors in Manhattan bringing criminal
charges against a dozen companies and their owner, Carey Vaughn
Brown, accusing them of enabling payday loans that flouted the
state's limits on interest rates in loans to New Yorkers.


* SEC Charges Kansas with Failure to Disclose Pension Risks
-----------------------------------------------------------
Maria Armental and Aaron Kuriloff, writing for The Wall Street
Journal, reported that Kansas has agreed to settle a fraud case in
which the Securities and Exchange Commission charged the state
misled investors when it failed to disclose that its underfunded
pension system posed a risk to the repayment of some municipal
bonds.  According to the report, the SEC said in a cease-and-
desist order that Kansas officials didn't provide important
information about the state's pension system in eight bond
offerings totaling $273 million in 2009 and 2010.  Kansas has
since adopted new policies to ensure its finances are more
transparent in offering documents, the Journal cited the agency as
saying in a news release.


* Swaps Panel Delays Payout Auction on Argentine Bonds
------------------------------------------------------
Peter Eavis, writing for The New York Times' DealBook, reported
that some investors were expecting to collect their winnings soon
on a bet they made against Argentina's bonds using financial
instruments called credit default swaps but the International
Swaps and Derivatives Associated decided to delay the auction to
Sept. 2 after receiving a challenge to the swaps' payout process.

According to the report, the ISDA, the industry body that helps
oversee the credit default swaps market, ruled that the swaps had
been activated and has stated that an auction would take place on
Aug. 21 to set the exact amount at which the swaps would pay out,
but has announced that it now expected to hold the auction on
Sept. 2.


* Deloitte CRG Wins Two TMA Transaction of the Year Awards
----------------------------------------------------------
The Turnaround Management Association (TMA) will honor 50
professionals with the prestigious 2014 Turnaround and Transaction
of the Year Awards on September 30.  The winners will be honored
during a special awards ceremony at 10:30 a.m. at The TMA Annual,
taking place September 29 ? October 1 at the Westin Harbour Castle
in Toronto, Ontario.

Since 1993, TMA has honored excellence through its annual awards
program, which recognizes the most successful turnarounds and
impactful transactions.  This year's winners saved countless jobs
and made a significant economic impact, both locally and globally.
The 2014 TMA Turnaround and Transaction of the Year Award Winners:

Turnaround of the Year: Mega Company ? Eastman Kodak Company /
Kodak Alaris Holdings Ltd.

Albert A. Koch, CTP, AlixPartners, LLP
James A. Mesterharm, AlixPartners, LLP
Rebecca A. Roof, AlixPartners, LLP
Jeffery Stegenga, Alvarez & Marsal
Christopher R. Donoho III, Hogan Lovells US LLP
Leon Szlezinger, Jefferies LLC
David Kurtz, Lazard Freres & Co LLC
Dennis Dunne, Milbank Tweed Hadley & McCloy LLP
Andrew G. Dietderich, Sullivan & Cromwell LLP
Pauline K. Morgan, Young Conaway Stargatt & Taylor LLP

Turnaround of the Year: Large Company ? Longview Fibre Paper and
Packaging

Hugh Sutcliffe, Brookfield Asset Management

Turnaround of the Year: Mid-Size Company ? Fansteel, Inc.

Brian F. Cassady, Black Management Advisors
Patrick Murray, The Ridgevale Group

Turnaround of the Year: Small Company ? Renwood Mills, LLC

Randall Jackson, Lladnar Consulting
Mark Barbeau, Renovo Capital
David Hull, Renovo Capital
Michael Manos, Renovo Capital
Matthew Tarver, Renovo Capital
Todd Bernier, The PrivateBank
Robert Corsentino, The PrivateBank
Mitchell Rasky, The PrivateBank

Turnaround of the Year: Non-Profit Company ? Elim Christian
Services

Matthew S. Thiede, O'Keefe

Transaction of the Year: Mega Company ? AMR Corporation

Jasmine Ball, Debevoise & Plimpton LLP
Anthony J. Jackson, Deloitte CRG
John Little, CTP, Deloitte CRG
Kevin M. Carmody, McKinsey & Company
Neal D. Mollen, Paul Hastings LLP
Homer D. Parkhill, Rothschild Inc.
Stephen Karotkin, Weil, Gotshal & Manges LLP
Alfredo R. Perez, Weil, Gotshal & Manges LLP

Transaction of the Year: Large Company - AgFeed Industries, Inc &
AgFeed USA, LLC

Justine A. Mannering, Business Development Asia LLC
Rafael X. Zahralddin, Elliott Greenleaf
Selig D. Sacks, Foley & Lardner LLP
Jeffrey D. Prol, Lowenstein Sandler LLP
Keith A. Maib, Mackinac Partners LLC
Matt Beresh, Mackinac Partners LLC
Aaron L. Hammer, Sugar Felsenthal Grais & Hammer LLP
Robert S. Brady, Young Conaway Stargatt & Taylor LLP
Transaction of the Year: Mid-Size Company ? Intelligent Global
Pooling Systems (iGPS)
Stephen Krawchuk , Crystal Financial LLC
Timothy Lawlor, Crystal Financial LLC
Rebecca Tarby, Crystal Financial LLC
Travis Haynes, Balmoral Funds LLC
Robin Nourmand, Balmoral Funds LLC
David Shainberg, Balmoral Funds LLC
Jonathan Victor, Balmoral Funds LLC

Transaction of the Year: Small Company ? TC Global Inc (dba
Tully's Coffee Shops)

Gayle Bush, Bush Strout & Kornfeld LLP
Gene R. Baldwin, CTP, Deloitte CRG
Rob Carringer, CTP, Deloitte CRG
Michael Juniper, CTP, Deloitte CRG
Matthew Farrell, Renovo Capital

          About the Turnaround Management Association

The Turnaround Management Association (TMA) is the leading
organization dedicated to turnaround management, corporate
restructuring, and distressed investing.  Established in 1988, TMA
has more
than 9,300 members in 49 chapters worldwide, including 31 in North
America. Members include turnaround practitioners, attorneys,
accountants, advisors, liquidators, executive recruiters, and
consultants, as well as academic, government, and judicial
employees.


                             *********

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.


                  *** End of Transmission ***