TCR_Public/150511.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, May 11, 2015, Vol. 19, No. 131

                            Headlines

21ST CENTURY ONCOLOGY: Unit Closes Offering of $360 Million Notes
ACI AIRPORT: Fitch Rates $200 Million Senior Secured Notes 'BB+'
ADVANCED MICRO: Grants 230,364 Restricted Stock Units to CEO
ADVANCED MICRO: Stockholders Elect 11 Directors to Board
AEOLUS PHARMACEUTICALS: Exports Lead Compound AEOL 10150 to Rafa

AIRBORNE MEDIA: Case Summary & 20 Largest Unsecured Creditors
AIRBORNE MEDIA: Files Ch.11 in Delaware; Investors File in Colorado
ALEXZA PHARMACEUTICALS: Posts $404,000 Net Loss in First Quarter
ALLY FINANCIAL: Files Q1 Form 10-Q, Posts $576 Million Net Income
AMERICAN PATRIOT: Bank Issues 120 Preferred Stock to CFSI

AMPLIPHI BIOSCIENCES: Names Scott Salka as New CEO
ANACOR PHARMACEUTICALS: Posts $12.9 Million Net Loss in Q1
APPLIED MINERALS: James Berylson Holds 7.2% Stake as of May 1
ARCH COAL: Bank Debt Trades at 28% Off
ARRAY BIOPHARMA: Posts $58.3 Million Net Income in 3rd Quarter

AVT INC: Case Summary & 20 Largest Unsecured Creditors
BALMORAL RACING: Looks for Buyers to Eng Legal Fight
BERRY PLASTICS: Reports $38 Million Net Income in Second Quarter
BIOFUELS POWER: Incurs $1.1 Million Net Loss in 2014
BIOLIFE SOLUTIONS: Stockholders Elect Six Directors to Board

BION ENVIRONMENTAL: Responds to PA Senate Bill 724 Critics
BLAIR OIL: Case Summary & 20 Largest Unsecured Creditors
BLOUNT INC: S&P Affirms 'BB-' CCR, Outlook Stable
BOYD GAMING: Fitch Assigns CCC+ Rating to 2023 Unsecured Notes
BOYD GAMING: Moody's Rates Proposed $750MM Senior Notes B3

BUILDERS FIRSTSOURCE: Files Financial Statements of ProBuild
BUILDERS FIRSTSOURCE: Plans to Offer $115 Million Common Stock
CAESARS ENTERTAINMENT: 2017 Bank Debt Trades at 9% Off
CAESARS ENTERTAINMENT: 2020 Bank Debt Trades at 4% Off
CHS/COMMUNITY HEALTH: Fitch Rates $4.5BB Sr. Secured Loans BB/RR2

CHS/COMMUNITY HEALTH: Moody's Rates New $1BB Secured Loans 'Ba2'
CLIFFS NATURAL: Widens Net Loss to $773 Million in 1st Quarter
COAST BRIDGE: Case Summary & 20 Largest Unsecured Creditors
CORINTHIAN COLLEGES: CEO's Annual Salary Reduced to $1
CORINTHIAN COLLEGES: Former Students Want to Sue School

CORINTHIAN COLLEGES: May 13 Meeting Set to Form Creditors' Panel
CTI BIOPHARMA: Baxalta Reports 8.7% Stake as of April 30
CTI BIOPHARMA: Baxter Int'l Holds 8.7% Stake as of April 30
DANDRIT BIOTECH: Appoints Lone Degn as Chief Financial Officer
DOVER DOWNS: Posts $352,000 Net Loss in First Quarter

DOVER DOWNS: Posts $352,000 Net Loss in First Quarter
DR. TATTOFF: Signs 2-Year Management Agreement with SC Laser
DTS8 COFFEE: Introduces Premium Coffee for Shanghai Market
EDENOR SA: Delays Filing 2014 Form 20-F Report
EDGEBROOK BANK: Republic Bank of Chicago Assumes All Deposits

ELBIT IMAGING: Announces Availability of Annual Report
EMPIRE RESORTS: Posts $4.1 Million Net Loss in First Quarter
ENERGY & EXPLORATION: Bank Debt Trades at 12% Off
FIRST DATA: Posts $112 Million Net Loss in First Quarter
FRAC TECH: Bank Debt Trades at 15% Off

FUEL PERFORMANCE: Appoints Glenn Carr as Director
GEOMET INC: Ends First Quarter with $22.1 Million in Cash
GETTY IMAGES: Bank Debt Trades at 15% Off
GOURT 3 INC: Case Summary & 13 Largest Unsecured Creditors
GREAT PLAINS: Bid to Sell Pa. Equipment, Vehicle Meets Opposition

GREENSHIFT CORP: Viridis Swaps Restricted Shares for Common Shares
GT ADVANCED: Online Auctions for Sapphire Assets to Start May 22
GT ADVANCED: Proposes Global Settlement with Meyer Burger
GT ADVANCED: Reaches Deal with Kerry on Release of Equipment
GYMBOREE CORP: Bank Debt Trades at 23% Off

HALCON RESOURCES: Closes $700 Million Senior Notes Offering
HALCON RESOURCES: Posts $601 Million Net Loss in First Quarter
HARTWELL FARMS: Case Summary & 4 Largest Unsecured Creditors
ICTS INTERNATIONAL: History of Losses Raises Going Concern Doubt
INERGETICS INC: MSLO Terminates License Agreement

INTERNATIONAL BRIDGE: Case Summary & 20 Top Unsecured Creditors
ISTAR FINANCIAL: Files Q1 Form 10-Q, Posts $22.6 Million Net Loss
KEMET CORP: Supplements Investor Presentation Data
LDK SOLAR: Ordinary Scheme Creditors Paid
MEDICAL ALARM: Amends Annual Report in Response to SEC Comments

MGM RESORTS: Land & Building Releases Restore MGM Video
MGM RESORTS: Posts $170 Million Net Income in First Quarter
MICROVISION INC: Has $6 Million At-the-Market Equity Facility
MIDTOWN SCOUTS: Hearing on Amended Plan Scheduled for May 26
MONTREAL MAINE: June 3 Hearing to Approve $220M Payout Plan Outline

MUSCLEPHARM CORP: John Price Remains as Chief Financial Officer
NET ELEMENT: Announces Two Financings Totaling Up to $24.5M
NII HOLDINGS: Closes Sale of Mexican Operations to AT&T Unit
NII HOLDINGS: Has $309M Q1 Net Loss; Ch 11 Exit Eyed Mid-Year
ORCKIT COMMUNICATIONS: Postpones Filing of Annual Report

PACIFIC DRILLING: Bank Debt Trades at 11% Off
PEABODY ENERGY: Bank Debt Trades at 10% Off
POSITIVEID CORP: Hikes Authorized Capital Stock to 1.9B Shares
PROVISION HOLDING: Operating Unit Inks Agreement with AOTEX
QUANTUM FUEL: Reports First Quarter 2015 Financial Results

QUEST SOLUTION: Names Tom Miller Chairman and CEO
RB ENERGY: Court Appoints Receiver; CCAA Stay Extended to May 15
REALOGY HOLDINGS: Reports $32 Million Net Loss in First Quarter
REALOGY HOLDINGS: Stockholders Elect Three Directors to Board
RESTORGENEX CORP: To Pay $248K Severance to Schwartz

SABINE OIL: Credit Facility Borrowing Base Lowered to $750-Mil.
SABINE OIL: Enters Into Forbearance Agreement with Lenders
SANUWAVE HEALTH: Incurs $1.15 Million Net Loss in First Quarter
SEADRILL LTD: Bank Debt Trades at 18% Off
SEQUENOM INC: Earns $14.3 Million in First Quarter

SIXTH STREET PLAZA: Files for Chapter 11, Evades Foreclosure
SOLAR POWER: To Offer 52.1 Million Shares Under Equity Plan
SOMERSET STUDIOS: Case Summary & 20 Largest Unsecured Creditors
SPENDSMART NETWORKS: Sells 5.5 Units to Accredited Investor
SPYR INC: Appoints Barry Loveless Chief Financial Officer

STANDARD REGISTER: US Trustee Blocks Key Employee Incentive Plan
STEREOTAXIS INC: Elects Medical Device Industry Veteran to Board
STEREOTAXIS INC: Incurs $3.13 Million Net Loss in First Quarter
SUNGARD AVAILABILITY: Bank Debt Trades at 7% Off
TENET HEALTHCARE: Reports $47 Million Net Income in 1st Quarter

TERVITA CORP: Bank Debt Trades at 5% Off
TRANS ENERGY: Unit Amends Credit Agreement with Morgan Stanley
TRAVELPORT WORLDWIDE: Posts $7 Million Net Loss in First Quarter
TRINITY INDUSTRIES: Fitch Affirms BB+ Ratings on Convertible Notes
TROCOM CONSTRUCTION: Case Summary & 20 Largest Unsecured Creditors

TXU CORP: 2014 Bank Debt Trades at 38% Off
UNI-PIXEL INC: To Hold Conference Call on May 11
VIGGLE INC: Grants Special Stock Options to Non-Employee Directors
VISCOUNT SYSTEMS: Marcum Replaces DMCL as Accountants
WALTER ENERGY: Kevin Harrigan to Quit as Chief Accounting Officer

WAVE SYSTEMS: Posts $4.9 Million Net Loss in First Quarter
WEST CORP: Reports $80.5 Million Net Income in First Quarter
WPCS INTERNATIONAL: Issues Additional 95,900 Common Shares
WPCS INTERNATIONAL: Regains Compliance with NASDAQ Rule
[*] Chelsea Penthouse Up for Sale at May 21 Bankruptcy Auction

[^] BOND PRICING: For The Week From May 4 to 8, 2015

                            *********

21ST CENTURY ONCOLOGY: Unit Closes Offering of $360 Million Notes
-----------------------------------------------------------------
21st Century Oncology, Inc., a wholly owned subsidiary of 21st
Century Oncology Holdings, Inc. completed an offering of $360
million aggregate principal amount of 11.00% senior notes due 2023
at an issue price of 100.00%.  The Notes are senior unsecured
obligations of 21C and are guaranteed on an unsecured senior basis
by the Company and each of 21C's existing and future direct and
indirect domestic subsidiaries that is a guarantor under the Credit
Facilities.

The Notes were issued in a private offering that is exempt from the
registration requirements of the Securities Act of 1933, as
amended, to qualified institutional buyers in accordance with Rule
144A and to persons outside of the United States pursuant to
Regulation S under the Securities Act.

21C intends to use the net proceeds from the offering, together
with cash on hand and borrowings under the Credit Facilities, to
repay its $90 million term loan facility, to redeem its 9 7/8%
Senior Subordinated Notes due 2017 and its 8 7/8% Senior Secured
Second Lien Notes due 2017, to repurchase the 11 3/4% Senior
Secured Notes due 2017 issued by OnCure Holdings, Inc., to pay
related fees and expenses and for general corporate purposes.

Purchase Agreement

In connection with the offering, 21C entered into a purchase
agreement dated April 28, 2015, with the Guarantors, Morgan Stanley
& Co. LLC and Deutsche Bank Securities Inc., as representatives of
the several initial purchasers named in Schedule I thereto relating
to the issuance and sale by 21C of the Notes.

The Purchase Agreement contains customary representations,
warranties and agreements by 21C and the Guarantors.  In addition,
21C and the Guarantors have agreed to indemnify the initial
purchasers against certain liabilities, including liabilities under
the Securities Act, or to contribute to payments the initial
purchasers may be required to make in respect of those
liabilities.

Indenture

The Notes were issued pursuant to an indenture, dated April 30,
2015, among 21C, the Guarantors and Wilmington Trust, National
Association, governing the Notes.

Interest is payable on the Notes on each May 1 and November 1,
commencing Nov. 1, 2015.  21C may redeem some or all of the Notes
at any time prior to May 1, 2018, at a price equal to 100% of the
principal amount of the Notes redeemed plus accrued and unpaid
interest to the redemption date, if any, and an applicable
make-whole premium. On or after May 1, 2018, 21C may redeem some or
all of the Notes at redemption prices set forth in the Indenture.
In addition, at any time prior to May 1, 2018, 21C may redeem up to
35% of the aggregate principal amount of the Notes, at a specified
redemption price with the net cash proceeds of certain equity
offerings.

Supplemental Indenture for the 11¾% Senior Secured Notes due 2017

On April 28, 2015, the Company announced that its indirectly wholly
owned subsidiary, OnCure, had received, pursuant to its previously
announced cash tender offer and related consent solicitation for
any and all of its outstanding 11¾% Senior Secured Notes due 2017,
the requisite consents to adopt proposed amendments to the Amended
and Restated Indenture, dated as of
Oct. 25, 2013, by and among OnCure, the guarantors signatory
thereto and Wilmington Trust, National Association, as trustee, and
as collateral agent, under which the OnCure Notes were issued. The
tender offer and consent solicitation are being made upon the terms
and conditions set forth in an Offer to Purchase and Consent
Solicitation Statement dated April 13, 2015.

As of 5:00 p.m. New York City time, on April 24, 2015, holders of
99.40% of the OnCure Notes (not including any OnCure Notes subject
to escrow arrangements) had tendered their OnCure Notes in the
tender offer and consented to the proposed amendments to the OnCure
Indenture.

In conjunction with receiving the requisite consents, OnCure, the
OnCure Guarantors and the Trustee entered into the third
supplemental indenture to the OnCure Indenture, dated as of
April 28, 2015.

The Third Supplemental Indenture gives effect to the proposed
amendments to the OnCure Indenture, which eliminate substantially
all the restrictive covenants, certain events of default and
certain related provisions contained in the OnCure Indenture.  The
amendments to the OnCure Indenture became operative upon OnCure's
purchase of the OnCure Notes tendered at or prior to the Consent
Expiration pursuant to the tender offer.

Credit Agreement

On April 30, 2015, 21C also entered into the Credit Agreement among
21C, as borrower, the Company, Morgan Stanley Senior Funding, Inc.,
as administrative agent, collateral agent, issuing bank and as
swingline lender, the other agents party thereto and the lenders
party thereto.

The credit facilities provided under the Credit Agreement consist
of a revolving credit facility providing for up to $125 million of
revolving extensions of credit outstanding at any time and an
initial term loan facility providing for $610 million of term loan
commitments.  21C may (i) increase the aggregate amount of
revolving loans by an amount not to exceed $25 million in the
aggregate and (ii) subject to a consolidated secured leverage ratio
test, increase the aggregate amount of the term loans or the
revolving loans by an unlimited amount or issue pari passu or
junior secured loans or notes or unsecured loans or notes in an
unlimited amount.  The Revolving Credit Facility will mature in 5
years and the Term Facility will mature in seven years.


The Credit Facilities and any interest rate protection and other
hedging arrangements provided by any lender party to the Credit
Facility or any affiliate of such a lender are secured on a first
priority basis by a perfected security interest in substantially
all of 21C's and each guarantor's tangible and intangible assets.

A copy of the Form 8-K report is available for free at:

                        http://is.gd/7HdOc2

                         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's balance sheet at June 30, 2014, showed $1.11 billion
in total assets, $1.38 billion in total liabilities, $46.65
million in noncontrolling interests-redeemable, and a $325.04
million total deficit.

                            *     *     *

As reported by the TCR on Feb. 27, 2015, Moody's Investors Service
upgraded 21st Century Oncology, Inc.'s Corporate Family Rating and
Probability of Default Rating to B3 and B3-PD, respectively.
The upgrade of the Corporate Family Rating to B3 and SGL to SGL-2
reflects the receipt of a $325 million preferred equity investment
from the Canada Pension Plan Investment Board and subsequent debt
reduction.

In the April 16, 2015, edition of the TCR, Standard & Poor's
Ratings Services affirmed its 'B-' corporate credit rating on Fort
Myers-based cancer care provider 21st Century Oncology Holdings
Inc.


ACI AIRPORT: Fitch Rates $200 Million Senior Secured Notes 'BB+'
----------------------------------------------------------------
Fitch rates ACI Airport SudAmerica, S.A.'s $200 million senior
secured notes 'BB+'. The Rating Outlook is Stable.
The rating reflects the strategic but modest size traffic base,
strong O&D share of passenger traffic, limited reliance on revenue
growth, and moderate leverage and capacity needs. Fitch also views
the recent renewal of the concession by the government to be a
credit supportive factor. The issuance is senior at the holding
company level, but subordinated to approximately USD60 million of
debt at the operating company level.

In a structural change since the issuance of Fitch's expected
rating on the notes, the transaction now includes a 'springing
guarantee' covenant. This covenant requires the operating company
to issue a guarantee of the rated debt following the payment in
full of the operating company debt in 2021. Fitch views the
inclusion of this covenant as a structural improvement since
investors will be able to look directly to the operating company
for payment of amounts due. In addition, the rated debt will become
pari passu with all senior unsecured debt at the operating company
because of the guarantee.

KEY RATING DRIVERS

Important Small-Scale International Gateway [Revenue Risk - Volume:
Midrange]: Located in Uruguay's capital city, the airport is the
main international gateway of Uruguay with approximately 85% of the
country's flights. The airport is almost exclusively an O&D airport
with only 2% of passengers transferring to other destinations.
Traffic growth since 2004 has been strong averaging 6.2% despite
the bankruptcy of the country's flagship carrier, Pluna, and the
resulting loss of capacity and status as a regional hub.

No Significant Investments Needed [Infrastructure Development &
Renewal: Stronger]: The airport's current capacity of 4.5 million
pax/year is well below management's forecast of 3.1 million pax at
concession end. Under the amended concession agreement which
extended the term of the concession through 2033, the new taxi way
construction (USD10 million) was extended until the end of the
concession, with no other significant mandatory investments needed
in the remaining term.

Inflation and Exchange Adjusted Tariffs [Revenue Risk - Price:
Midrange]: Revenues are 95% denominated in USD with Aeronautical
revenues being adjusted by a global index that considers foreign
exchange and inflation rates. Tariffs do not decrease under the
adjustment scheme; however, increases have occasionally been
subject to political risk. No increase in tariffs is assumed over
the life of the concession.

Limited Exposure to Termination Events: Breach of contract
termination events are standard and manageable by the
concessionaire; however, a unilateral termination for public
interest by the government in the short term (prior to 2018) would
leave the transaction exposed to a loss of less than 10% given the
debt level and subordinate nature of the issuance. Fitch considers
the risk unlikely given (i) the recent extension of the concession
and general public good-will for the project; (ii) the increased
fee paid by the concessionaire to the government; (iii) the
airports operating status with no material infrastructure
construction needs; and (iv) the stability of Uruguay as an
investment grade country.

Subordinated Fixed Rate Amortizing Issuance [Debt Structure:
Midrange]: The issuance is conservatively structured with 100%
fixed rate and fully amortizes over the life of the debt, although
the amortization schedule is back loaded. All cash flows available
to pay debt service for the rated debt are subordinate to the notes
issued at the opco level and subject to dividend distribution tests
through maturity of the opco notes in 2021. Lock out of dividends
is considered highly unlikely as a trigger breach prior to 2021
would require severe stresses with traffic declines in excess of
40%. Should a lock-out occur, the issuance also benefits from
deferrable debt service for up to 12 months.

Moderate Financial Metrics: Debt service coverage ratios (DSCR)
average 1.82x and 1.72x for the base and rating cases,
respectively. Despite strong average coverage ratios for the
issuance, coverages in the early years of the transaction life are
weaker. Minimum DSCR for the base and rating cases are 1.16x and
1.23x with the minimums occurring in the near term while the senior
debt is outstanding. Leverage is considered adequate at 5.6x net
debt to EBITDA. No dependence on traffic growth to support debt
requirements is needed as break even traffic annual growth rate is
negative 1.3%.

PEER GROUP

The airport's nearest peers include Lima Airport Partners S.R.L.'s
(LAP; rated 'BBB+'/Stable Outlook) which serves as an international
gateway airport with significant O&D and relatively low leverage.
Unlike this peer, Carrasco International Airport has a
significantly lower enplanement base and weaker near-term financial
coverage ratios which limit the rating in the short term. Should
performance come in line with management expectations, higher
coverage levels should warrant a risk level more similar to LAP.

RATING SENSITIVITIES

  -- Negative: Repeated failure of the government to approve
     increases in regulated tariffs, exposing the issuance to
     foreign exchange and/or inflation rate fluctuations that
     materially affect the cash flow available to service debt.
  -- Positive or Negative: Traffic levels materially divergent
     from base and rating case projections in the mid-to-long
     term.
  -- Positive: Steady improvement in debt coverage levels over
     time may allow for a positive rating consideration.

TRANSACTION SUMMARY

The issuance is a fixed-rate, fully amortizing financing due to
mature in November 2032. The rated debt is subordinated to
approximately USD60 million in notes due in 2021 issued from the
operating company. The transaction benefits from liquidity provided
through a six-month debt service reserve account.

Carrasco International Airport, located approximately 12 miles from
downtown Montevideo, is the primary international gateway of
Uruguay. The 20-year concession agreement awarded in November 2003
was recently extended for an additional 10-year term and matures in
November 2033. The airport's new terminal was inaugurated in 2009
with a capacity of 4.5 million passengers per year, comparing
favorably with the current 1.7 million passengers as well as the
sponsor's projected 2033 volume of 3.1 million. The operator of the
airport is a wholly owned subsidiary of the Corporacion America
Group, one of the world's largest operators with 52 operations in
Latin America and Europe.

The airport has suffered a number of setbacks in recent years
including the failure of the country's flagship carrier, Pluna
Lineas Aereas Uruguayas S.A., resulting in the loss of the
airport's hub status, and the poor economic performance of the
country's neighbors, Argentina and Brazil, which weighed
particularly heavily on the tourism industry. Despite these
headwinds, the airport has managed to post strong growth averaging
over 6% annually since 2004, with an increasing O&D profile, and
finds itself in a strong position moving forward.

The Fitch Base Case assumes total passenger activity growth as per
the traffic consultant's (ICF) low case (3.3% traffic CAGR through
2033) while cargo volume forecasts considered the ICF base case.
Fitch did not consider increases under the Global Index Adjustment;
however, this assumption was moderated by the stable currency and
inflation assumptions within the cash flow model provided. Fitch
considered 1.5% real growth in Duty Free revenues per passenger.
Fitch's operating expense assumption considered the management's
assumption plus an additional 5%. Under this scenario the minimum
DSCR is 1.16x in 2018, with an average financial coverage ratio of
1.82x.

The Fitch Rating Case assumes total passenger activity growth as
per the ICF low case with moderation of the front-ended growth over
the first 6-years, the management assumption in years 2021-2026,
and the ICF low case from 2027-2033 (2.7% traffic CAGR through
2033) while cargo volume forecasts considered the ICF low case. No
increases under the Global Index Adjustment were considered. Fitch
considered 0% real growth in Duty Free revenues per passenger and
no increase in the concession fee beginning in 2024. Fitch's
operating expense assumption considered the management's assumption
plus an additional 7.5% as well as a 10% stress on all local
currency costs to account for a possible short-term revaluation in
foreign exchange rates. Under this scenario the minimum DSCR is
1.23x in 2018, with an average financial coverage ratio of 1.72x.

Fitch notes that holding company (holdco) structures that are
dependent on dividends from operating companies (opcos) bring an
added layer of complexity to the analysis of debt issued at the
holdco level. As such, a holistic approach to the analysis of the
subordinate debt is necessary. First, cash flows to the holdco can
be locked out under certain circumstances, so scenario stresses
must be applied at the opco level and tested against the opco
triggers. For this transaction, neither of the senior DSCR (1.7x)
or leverage (3.0x) tests was breached in any Fitch scenario
including break even O&M and traffic cases.

Additionally, Fitch's analysis of the financial ratios of the
issuance includes both the subordinate and senior issuances even
though the senior debt is outside of the transaction structure. The
necessity for this approach is obvious for leverage calculations,
but equally important when considering debt service coverage
ratios. Fitch primarily utilizes ratios with the total debt service
including senior debt issued at the opco, although the holdco-only
coverages are also analyzed to ensure that they at least meet the
expected level for the respective rating category. This analysis is
consistent with Fitch's approach for subordinate issuances within
the same trust.

SECURITY

The security package supporting the notes is typical for project
financings and include a pledge of 100% of the shares of the
operating company, PDS and a covenant to issue a guarantee from the
entity; a pledge of 100% of the shares of the holding company,
Cerealsur and a guarantee from the entity; the transaction
distribution, issuer and debt service accounts; all of the issuer's
property, all present and future payments, proceeds and claims of
any kind with respect to the foregoing.



ADVANCED MICRO: Grants 230,364 Restricted Stock Units to CEO
------------------------------------------------------------
Advanced Micro Devices, Inc. filed on Dec. 29, 2014, a current
report on Form 8-K disclosing that the full Board, including
members of the Compensation Committee, voided and rescinded (a)
performance-based restricted stock unit awards granted to Lisa T.
Su, president and chief executive officer on Aug. 12, 2014, and
Oct. 31, 2014, covering, in the aggregate, a target number of
1,705,364 shares, and (b) 50,000 of the 173,937 restricted stock
units subject to a restricted stock unit award granted to Dr. Su on
Oct. 31, 2014.  

The action to void and rescind the Voided Equity Awards was taken
in response to a stockholder derivative action received by the
Company on Nov. 24, 2014, on the grounds that the Company had
granted equity awards to Dr. Su during calendar year 2014 in excess
of the per calendar year individual share limit in the Company's
2004 Equity Incentive Plan.  Rather than litigate this technical
issue, the Company believed resolving this technicality quickly was
a better solution for the Company and its stockholders.

In voiding and rescinding the Voided Equity Awards, the full Board
also determined that the total compensation package provided for in
Dr. Su's employment agreement, including the equity compensation,
was appropriate and aligned with stockholders' interests.  Having
reaffirmed that the compensation it had promised to Dr. Su was
appropriate and reasonable, the full Board determined that the
Company intended to return Dr. Su's equity compensation to the
level it should have been prior to the action to void and rescind
the Voided Equity Awards at or near the earliest practicable
opportunity available to the Company, subject to law and the terms
of the 2004 Plan.

On Feb. 18, 2015, the Company filed a Current Report on Form 8-K/A
disclosing that on Feb. 12, 2015, the Board partially returned Dr.
Su's equity compensation to the level it was prior to the action to
void and rescind the Voided Equity Awards when it granted to Dr. Su
an award of 50,000 restricted stock units and an award of
performance-based restricted stock units covering a target number
of 1,475,000 shares.

On April 30, 2015, the Board determined that it was in the best
interest of the Company to grant 230,364 award of performance-based
restricted stock units to Dr. Su.

The initial number of performance-based restricted stock units that
may be earned will be based upon the Company achieving a certain
pre-established target level of adjusted non-GAAP operating income
plus interest expense over a two-year performance period commencing
on Jan. 1, 2014, and ending on Dec. 31, 2015. Once the initial
award amount is determined, the performance-based restricted stock
units will then be subject to adjustment based upon a second
metric, the Company's total shareholder return relative to the TSR
of the S&P 500 IT Sector over the Performance Period.  If the
Company's TSR for the Performance Period is at or above the 75th
percentile, then Dr. Su will earn 125.0% of the initial number of
shares.  If the Company's TSR for the Performance Period is above
the 25th percentile and below the 75th percentile, a proportionate
adjustment between 75.0% and 125.0% is applied to the initial
number of shares based on relative performance between the 25th and
75th percentile.

The earned performance-based restricted stock units vest 50.0% upon
completion of the Performance Period and 50.0% on the one-year
anniversary of the completion of the Performance Period.

                   About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc., is a
global semiconductor company.  The Company's products include x86
microprocessors and graphics.

For the year ended Dec. 27, 2014, the Company reported a net loss
of $403 million on $5.50 billion of net revenue compared to a net
loss of $83 million on $5.29 billion of net revenue for the year
ended Dec. 28, 2013.

As of March 28, 2015, the Company had $3.42 billion in total
assets, $3.41 billion in total liabilities and $17 million in
total stockholders' equity.

                          *     *     *

As reported by the TCR on April 22, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Sunnyvale,
Calif.-based Advanced Micro Devices Inc. to B- from B.  "The
downgrade reflects AMD's recently sharpened revenue declines, weak
industry conditions and intense competition from Intel in PC
markets, and the challenges it faces to grow in targeted
enterprise, embedded, and semi-custom product markets to offset PC
business declines," said Standard & Poor's credit analyst John
Moore.

As reported by the TCR on June 5, 2014, Fitch Ratings had upgraded
the long-term Issuer Default Rating (IDR) for AMD (NYSE: AMD) to
'B-' from 'CCC'.  The upgrade primarily reflects AMD's improved
financial flexibility from recent refinancing activity, which
extends meaningful debt maturities until 2019.

In the April 24, 2015, edition of the TCR, Moody's Investors
Service lowered Advanced Micro Devices, Inc's corporate family
rating to B3 from B2.  The downgrade of the corporate family rating
to B3 reflects AMD's prospects for operating losses over the next
year and negative free cash flow, in contrast to our previous
expectations of modest profitability and positive free cash flow.


ADVANCED MICRO: Stockholders Elect 11 Directors to Board
--------------------------------------------------------
Advanced Micro Devices, Inc., held its 2015 annual meeting of
stockholders on April 29, 2015, at which the stockholders:

   (i) elected Bruce L. Claflin, John E. Caldwell, Henry WK Chow,
       Nora M. Denzel, Nicholas M. Donofrio, Martin L. Edelman,
       John R. Harding, Joseph A. Householder, Michael J. Inglis,
       Dr. Lisa T. Su and Ahmed Yahia to the Board of Directors;

  (ii) ratified the appointment of Ernst & Young LLP as the
       Company's independent registered public accounting firm for
       the fiscal year ending Dec. 26, 2015;

(iii) approved the amendment and restatement of the Advanced
       Micro Devices, Inc. 2004 Equity Incentive Plan; and

  (iv) approved, on a non-binding basis, the compensation of the
       named executive officers.   

                    About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc., is a
global semiconductor company.  The Company's products include x86
microprocessors and graphics.

For the year ended Dec. 27, 2014, the Company reported a net loss
of $403 million on $5.50 billion of net revenue compared to a net
loss of $83 million on $5.29 billion of net revenue for the year
ended Dec. 28, 2013.

As of March 28, 2015, the Company had $3.42 billion in total
assets, $3.41 billion in total liabilities and $17 million in
total stockholders' equity.

                          *     *     *

As reported by the TCR on April 22, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Sunnyvale,
Calif.-based Advanced Micro Devices Inc. to B- from B.  "The
downgrade reflects AMD's recently sharpened revenue declines, weak
industry conditions and intense competition from Intel in PC
markets, and the challenges it faces to grow in targeted
enterprise, embedded, and semi-custom product markets to offset PC
business declines," said Standard & Poor's credit analyst John
Moore.

As reported by the TCR on June 5, 2014, Fitch Ratings had upgraded
the long-term Issuer Default Rating (IDR) for AMD (NYSE: AMD) to
'B-' from 'CCC'.  The upgrade primarily reflects AMD's improved
financial flexibility from recent refinancing activity, which
extends meaningful debt maturities until 2019.

In the April 24, 2015, edition of the TCR, Moody's Investors
Service lowered Advanced Micro Devices, Inc's corporate family
rating to B3 from B2.  The downgrade of the corporate family rating
to B3 reflects AMD's prospects for operating losses over the next
year and negative free cash flow, in contrast to our previous
expectations of modest profitability and positive free cash flow.


AEOLUS PHARMACEUTICALS: Exports Lead Compound AEOL 10150 to Rafa
----------------------------------------------------------------
Aeolus Pharmaceuticals, Inc., exported its experimental lead
compound, AEOL 10150 to Rafa Laboratories, Ltd., a pharmaceutical
company based in Jerusalem, Israel, according to a document filed
with the Securities and Exchange Commission.  

The drug product was manufactured under the Company's contract with
the Biomedical Advanced Research and Development Authority, a
division of the United States Department of Health and Human
Services, and exported with its permission and in compliance with
applicable Federal law.  The drug product was exported for testing
that is not part of the development program outlined in its
contract with BARDA.

                   About Aeolus Pharmaceuticals

Mission Viejo, California-based Aeolus Pharmaceuticals, Inc., is a
Southern California-based biopharmaceutical company leveraging
significant government investment to develop a platform of novel
compounds in oncology and biodefense.  The platform consists of
over 200 compounds licensed from Duke University and National
Jewish Health.

The Company's lead compound, AEOL 10150, is being developed as a
medical countermeasure ("MCM") against the pulmonary sub-syndrome
of acute radiation syndrome ("Pulmonary Acute Radiation Syndrome"
or "Lung-ARS") as well as the gastrointestinal sub-syndrome of
acute radiation syndrome ("GI-ARS").  Both syndromes are caused by
acute exposure to high levels of radiation due to a radiological
or nuclear event.  It is also being developed for use as a MCM for
exposure to chemical vesicants such as chlorine gas, sulfur
mustard gas and nerve agents.

Aeolus Pharmaceuticals reported a net loss of $80,000 for the
fiscal year ended Sept. 30, 2014, compared with a net loss of $3.21
million for the fiscal year ended Sept. 30, 2013.

As of Dec. 31, 2014, the Company had $2.78 million in total assets,
$1.70 million in total liabilities and $1.07 million in total
stockholders' equity.

Grant Thornton LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2014.  The independent auditors noted
that the Company has incurred recurring losses and negative cash
flows from operations, and management believes the Company does not
currently possess sufficient working capital to fund its operations
through fiscal 2014.  These conditions, among other things, raise
substantial doubt about the Company's ability to continue as a
going concern.


AIRBORNE MEDIA: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Airborne Media Group, Inc.
        1099 Main Avenue, Suite 321
        Durango, CO 81301

Case No.: 15-11018

Chapter 11 Petition Date: May 8, 2015

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Kevin Gross

Debtor's Counsel: Shanti M. Katona, Esq.
                  POLSINELLI SHUGHART PC
                  222 Delaware Avenue, Suite 1101
                  Wilmington, DE 19801
                  Tel: 302-252-0920
                  Fax: 302-252-0921
                  Email: skatona@polsinelli.com

                    - and -

                  Jarrett Vine, Esq.
                  POLSINELLI PC
                  222 Delaware Avenue, Suite 1101
                  Wilmington, DE 19801
                  Tel: 302-252-0920
                  Fax: 302-252-0921
                  Email: jvine@polsinelli.com


                      - and -

                  Christopher A. Ward, Esq.
                  POLSINELLI PC
                  222 Delaware Avenue, Suite 1101
                  Wilmington, DE 19801
                  Tel: 302-252-0920
                  Fax: 302-252-0921
                  Email: cward@polsinelli.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $1 million to $10 million

The petition was signed by Cordell R. Brown, chairman and CEO.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
John Howe                               Debt             $778,428
3200 Daybreaker Drive
Park City, UT 84098

Rock Systems Holdings LLC            Litigation          $699,600
5576 County Road 250
Durango, CO 81301

Keith Newbold                        Litigation          $361,824
21010 Highway 160
Durango, CO 81303

Region 9 Economic Development            Debt            $278,912
Ed Morlan
295A Girard Street
Durango, CO 81303

Gail Paulson-Hanson                       Debt           $222,813

William and Margaret Martinson          Litigation       $218,625

Andrew Lentvorski                       Litigation       $218,625

Wilson Sonsini Goodrich & Rosati PC      Accounts        $176,643
                                         Payable

Lshadi Partners Ltd.                    Litigation       $163,968

Carolyn Newbold                         Litigation       $136,640

E7 Systems                               Accounts        $134,511
                                         Payable

Ron Dichter                                Debt          $113,855

Donald & Renee Felix Living Trust          Debt          $109,838

Michael Chapman                        Litigation        $109,312

Douglas Parmentier                   Wages, Salaries     $108,497
                                     and Commissions

Rock Systems LLC                     Accounts Payable     $91,039

Product Ventures                     Accounts Payable     $87,340

First Southwest Bank                 Accounts Payable     $86,517

Schwegman Lundberg & Woessner PA     Accounts Payable     $82,849

Adaptive Micro-Ware, Inc.            Accounts Payable     $74,440


AIRBORNE MEDIA: Files Ch.11 in Delaware; Investors File in Colorado
-------------------------------------------------------------------
Airborne Media Group, Inc., commenced a Chapter 11 bankruptcy case
in Delaware after dissenting shareholders filed an involuntary
Chapter 7 petition for the company in Colorado.  

The Debtor immediately asked the bankruptcy court in Colorado to
(i) dismiss the Chapter 7 case, or (ii) convert the Chapter 7 case
to a Chapter 11 proceeding and transfer venue to Delaware for
consolidation with the Debtor's pending voluntary Chapter 11 case.

The Debtor says its motion presents a simple choice for the
Colorado bankruptcy court: agree with the petitioners and force the
liquidation of a viable going concern or agree with the Debtor and
permit its reorganization to proceed in Delaware, the Debtor's
selected forum.

The Chapter 7 petitioners are dissenting shareholders who voted
against a 2012 corporate transaction that had the support of nearly
86% of the Debtor's equity investors.  After the transaction, the
petitioners obtained a $2 million judgment to liquidate their
shares from a Nevada state court.  After the Debtor appealed, the
Petitioners garnished the Debtor's bank accounts (thus freezing the
Debtor's line of credit) and then threw the Debtor into an
involuntary chapter 7 bankruptcy, all during the mandatory
appellate settlement negotiations.  

Attorney for the Debtor, Cristel Shepherd, Esq., at Polsinelli PC,
avers that the Chapter 7 is nothing more than a litigation tactic
used by the petitioners to stop the appeal of their judgment and
obtain the Debtor's intellectual property assets at liquidation
value.

The Debtor, however, recognizes that bankruptcy is a necessary step
to address its mounting debts.  Accordingly, the Debtor filed the
voluntary Chapter 11 case in the U.S. Bankruptcy Court for the
District of Delaware, where the Debtor is domiciled. There, the
Debtor seeks to preserve the value of its assets, maintain jobs,
and reorganize its business.  Indeed, despite the petitioners'
actions, the Debtor was in the process of lining up new investment
capital and has been negotiating valuable distribution channels for
its product.  Those opportunities exist in the Debtor's Chapter 11
Case, not in the petitioners' Chapter 7 case, Ms. Shepherd tells
the Colorado Bankruptcy Court.

                         Road to Bankruptcy

The Debtor has a complex and nation-wide investment structure.
There are over 100 equity investors, totaling approximately $6
million invested.  The Debtor has a $250,000 unsecured line of
credit from 1st Southwest Bank, of which $100,000 is currently
drawn down.  The line of credit is, however, frozen.  The Debtor
also has $1 million in unsecured debt consisting mainly of
contractors and information technology services and support.

As part of a larger investment transaction in 2012, 85.75% of the
shareholders of the Debtor voted to change the domicile of the
Debtor from a Nevada corporation to Delaware corporation.  In the
2012 Transaction, the founder of the Debtor contributed substantial
intellectual property to the Debtor.  Since the 2012 transaction,
the value of this intellectual property has significantly
increased.

As noted, nearly 86% of the Debtor's shareholders approved of the
2012 Transaction.  The dissenting 14% of shareholders, however,
initiated an action in Nevada state court, under Nevada state law,
to value their shares and have them cashed out.  The Debtor
proposed reasonable settlement proposal throughout 2013 and 2014 on
numerous occasions.  The Debtor, however, could not agree to
onerous terms demanded by the Petitioners.

Ultimately, the Nevada state court concluded that the Petitioners'
shares were worth $4.25 per share, a value greater than the Debtor
offered the Petitioners.  On Jan. 22, 2015, the Nevada state court
entered a judgment in favor of the Petitioners in the amount of
$1,908,597.  The Petitioners' attorneys also have a $219,000 claim
against the Debtor as part of the Judgment.

On Feb. 27, 2015, the Debtor appealed the Judgment to the Supreme
Court of Nevada. See Airborne Media Grp., Inc. v. Michael Chapman,
et al., Case No. 67479 (Nev. 2015).  On March 19, 2015, the Office
of the Clerk of the Supreme Court of the State of Nevada assigned
the appeal to the Settlement Program, which required the parties to
participate in a mediation teleconference with the settlement judge
by April 18, 2015.

With the appeal settlement process pending, the Petitioners
proceeded against the Debtor by garnishing its bank accounts,
causing the Debtor to lose availability on its line of credit.  The
Petitioners' actions have left the Debtor with virtually no
liquidity on hand.  Then, on April 17, 2015, one day before the
deadline to partake in the mediation settlement teleconference in
the Debtor's appeal, the Petitioners filed the current involuntary
Chapter 7 case.  On April 23, 2015, the Petitioners effectively
ended the Debtor's appeal by filing a notice with the Supreme
Court of the Nevada, stating that the Debtor's appeal of the
Judgment was stayed by the Petitioner's Chapter 7 case.

On May 8, 2015, the Debtor filed the voluntary Chapter 11 Case.
Through the Chapter 11 case, the Debtor seeks to reorganize its
business for the benefit of all stakeholders.  Significantly, the
Debtor believes its creditors and investors -- other than the
Petitioners -- support the Chapter 11 case.  In fact, the Debtor
has access to new capital and plans to use the Chapter 11 case as a
means to raise that capital in the reorganized business. Further,
the Debtor is in the midst of negotiations to expand the customer
base for its products, leading to increased revenue. Absent the
Petitioners' maneuverings, the Debtor's efforts would have gone
forward outside of bankruptcy and in tandem with the settlement
negotiations on the Petitioners' Judgment.  Yet because the
Petitioners shoved the Debtor into involuntary bankruptcy, after
stripping away all liquid assets, the Debtor filed its Chapter 11
Case to preserve assets, increase recoveries for stakeholders, and
save jobs.

                       About Airborne Media

Airborne Media Group, Inc., began in 2011 as an idea to create
systems and networks featuring interactivity between digital
displays in public and private venues with mobile devices, such as
smartphones and tablets.  The Company created a smartphone
application, Audioair(R), and related products, which allow
customers to listen into a specific television's programming at
their seat through their smartphone or tablet.

As part of an investment transaction in 2012, 85.75% of the
shareholders of the Debtor voted to change the domicile of the
Company from a Nevada corporation to Delaware corporation.

On April 17, 2015, shareholders who dissented the 2012 transaction
submitted an involuntary petition for the Company's liquidation
under Chapter 7 of the Bankruptcy Code (Bankr. D. Col. Case No.
15-14045).

Airborne Media Group, Inc., filed a voluntary Chapter 11 petition
(Bankr. D. Del. Case No. 15-11018) in Delaware on May 8, 2015.  It
immediately asked the Colorado court to dismiss the Chapter 7 case
to give way to the Debtor's restructuring in Delaware. The Delaware
case is assigned to Judge Kevin Gross.

The Debtor tapped Polsinelli Shughart PC, in Wilmington, Delaware,
as counsel.


ALEXZA PHARMACEUTICALS: Posts $404,000 Net Loss in First Quarter
----------------------------------------------------------------
Alexza Pharmaceuticals, Inc., reported a net loss of $404,000 on
$705,000 of revenue for the three months ended March 31, 2015,
compared to a net loss of $10.73 million on $2.16 million of
revenue for the same period in 2014.

As of March 31, 2015, the Company had $43.2 in total assets, $94.8
million in total liabilities, and a $51.7 million total
stockholders' deficit.

"We continue to focus on ways in which to drive value in Alexza and
our validated Staccato platform, including continuing the
development of AZ-002 (Staccato alprazolam) and AZ-007 (Staccato
zaleplon), and in evaluating licensing opportunities for our
Staccato technology and opportunities to license ADASUVE in
geographies that are not currently partnered," said Thomas B. King,
president and chief executive officer of Alexza Pharmaceuticals.
"Another key component to that strategy is the need to reduce cost
of goods for ADASUVE, which have been unsustainably high during the
launch stage of the product."

King continued, "To date, ADASUVE sales have been lower than
originally projected, reflecting the challenges of launching a
novel hospital-based product.  We believe the sales during the
initial global launch of ADASUVE do not reflect the clinical
benefits ADASUVE can convey to patients, and we remain confident in
ADASUVE's long-term commercial prospects.  At the same time, we
realize that we cannot sustain a commercial production facility
with capacity that exceeds the initial uptake of the product, and
we must look to increase efficiencies and reduce the costs of
producing ADASUVE."

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

                        http://is.gd/G4qOT3

                            About Alexza

Mountain View, California-based Alexza Pharmaceuticals, Inc., was
incorporated in the state of Delaware on Dec. 19, 2000, as FaxMed,
Inc.  In June 2001, the Company changed its name to Alexza
Corporation and in December 2001 became Alexza Molecular Delivery
Corporation.  In July 2005, the Company changed its name to Alexza
Pharmaceuticals, Inc.

The Company is a pharmaceutical development company focused on the
research, development, and commercialization of novel proprietary
products for the acute treatment of central nervous system
conditions.

Alexza Pharmaceuticals reported a net loss of $36.7 million in 2014
compared to a net loss of $39.6 million in 2013.

Ernst & Young LLP, in Redwood City, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


ALLY FINANCIAL: Files Q1 Form 10-Q, Posts $576 Million Net Income
-----------------------------------------------------------------
Ally Financial Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $576 million on $2.08 billion of total financing revenue and
other interest income for the three months ended March 31, 2015,
compared with net income of $227 million on $2.07 billion of total
financing revenue and other interest income for the same period a
year ago.

As of March 31, 2015, the Company had $154 billion in total assets,
$138 billion in total liabilities, and $15.9 billion in total
equity.

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

                        http://is.gd/jm9Xdp

                    Amends Tender Offer Statement

Ally Financial amended its tender offer statement on Schedule TO
originally filed with the SEC on April 23, 2015, which relates to
the offer by Ally to purchase for cash up to 13,000,000 outstanding
shares of its Fixed Rate/Floating Rate Perpetual Preferred Stock,
Series A, liquidation amount $25.00 per share, at $26.65 per Series
A Share, upon the terms and subject to the conditions set forth in
the Offer to Purchase, dated April 23, 2015.

The following paragraph under the heading "Summary" on page 2 of
the Offer to Purchase is hereby amended and restated as follows:

     If we purchase the maximum number of 13,000,000 Series A
     Shares in the Offer, we will eliminate an aggregate
     liquidation preference of $325,000,000 of Series A Shares.

     Upon completion of the Offer, the Series A Shares purchased
     in the Offer will be removed from stockholders' equity, and
     the difference between the Offer Price and the carrying value

     of the Series A Shares will be recorded as an adjustment to
     the Company's retained earnings.  This will also result in an

     adjustment to the Company's earnings (loss) per share
     calculation as an adjustment to net income (loss) available
     to common stockholders.

The following paragraph under the heading "Summary" on page 3 of
the Offer to Purchase was amended and restated as follows:

     You may validly withdraw previously tendered Series A Shares
     at any time before the Expiration Date.  In addition, after
     the Expiration Date, you will have the right to withdraw any
     Series A Shares that you tendered that are not accepted for
     payment by June 18, 2015, which is 40 business days after the

     commencement of the Offer.  If you tendered your Series A
     Shares by giving instructions to a Nominee, you must instruct

     the Nominee to arrange for the withdrawal of your Series A
     Shares.

A copy of the amended Schedule TO is available for free at:

                       http://is.gd/50KZiJ

                       About Ally Financial

Ally Financial Inc., formerly GMAC Inc. -- http://www.ally.com/--
is one of the world's largest automotive financial services
companies.  The Company offers a full suite of automotive
financing products and services in key markets around the world.
Ally's other business units include mortgage operations and
commercial finance, and the company's subsidiary, Ally Bank,
offers online retail banking products.  Ally operates as a bank
holding company.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake.  Private equity firm Cerberus
Capital Management LP keeps 14.9 percent, while General Motors Co.
owns 6.7 percent.

                           *     *     *

As reported by the TCR on Dec. 16, 2013, Standard & Poor's Ratings
Services said it raised its issuer credit rating on Ally Financial
Inc. to 'BB' from 'B+'.  "The upgrade reflects the company's
release from potential legal and financial liabilities stemming
from its ownership of ResCap," said Standard & Poor's credit
analyst Tom Connell.

In the April 3, 2014, edition of the TCR, Fitch Ratings has
upgraded Ally Financial Inc.'s long-term Issuer Default Rating
(IDR) and senior unsecured debt rating to 'BB+' from 'BB'.
The rating upgrade reflects increased clarity around Ally's
ownership structure given Ally's recent announcement that it has
launched an initial public offering those shares of its common
stock held by the U.S. Treasury (the Treasury).

As reported by the TCR on July 16, 2014, Moody's Investors Service
affirmed the 'Ba3' corporate family and 'B1' senior unsecured
ratings of Ally Financial, Inc. and revised the outlook for the
ratings to positive from stable.  Moody's affirmed Ally's ratings
and revised its rating outlook to positive based on the company's
progress toward sustained improvements in profitability and
repayment of government assistance received during the financial
crisis.


AMERICAN PATRIOT: Bank Issues 120 Preferred Stock to CFSI
---------------------------------------------------------
American Patriot Bank, the Tennessee state-chartered bank
subsidiary of American Patriot Financial Group, Inc., issued 120
shares of Fixed Rate Noncumulative Perpetual Preferred Stock,
Series A for a cash purchase price of $120,000 to Complete
Financial Solutions, Inc., according to a document filed with the
Securities and Exchange Commission.

The sale of the Series A Preferred Stock on April 30, 2015, was
exempt from the registration requirements of the Securities Act of
1933, as amended, pursuant to Section 3(a)(2) of the Securities
Act.  Following payment of the purchase price for the shares of
Series A Preferred Stock by CFSI, the promissory note from CFSI in
favor of the Bank in a principal amount of $120,000 was cancelled.

                        About American Patriot

Based in Greenville, Tenn., American Patriot Financial Group, Inc.
is a one-bank holding company formed as a Tennessee corporation to
own the shares of American Patriot Bank.  The Bank is the only
subsidiary of the Corporation.

American Patriot Bank commenced operations as a state chartered
bank on July 9, 2001.  The Bank had total assets of roughly
$118 million at Dec. 31, 2009.  The Bank is not a member of
the Federal Reserve System.

The Bank's customer base consists primarily of small to medium-
sized business retailers, manufacturers, distributors, land
developers, contractors, professionals, service businesses and
local residents.

On Aug. 18, 2010, the Company received from the Federal Deposit
Insurance Corporation, a Supervisory Prompt Corrective Action
Directive, dated August 17, 2010, due to American Patriot Bank's
"significantly undercapitalized" status.  The Directive requires
that the Bank submit an acceptable capital restoration plan on or
before August 31, 2010, providing that, among other things, at a
minimum, the Bank will  restore and maintain its capital to the
level of "adequately capitalized."

In its audit report for the 2011 results, Hazlett, Lewis & Bieter,
PLLC, in Chattanooga, Tennessee, expressed substantial doubt about
the Company's ability to continue as a going concern.  The
independent auditors noted that the Company has incurred
significant losses for the past five years resulting in a retained
deficit of $7.15 million at Dec. 31, 2011.  At Dec. 31, 2011 and
2010, the Company and its subsidiary were significantly
undercapitalized based on regulatory standards and has consented
to an Order to Cease and Desist with its primary federal regulator
that requires, among other provisions, that it achieve regulatory
capital thresholds that are significantly in excess of its current
actual capital levels.  The Company's nonperforming assets have
increased significantly during 2011 and 2010 related primarily to
deterioration in the credit quality of its loans collateralized by
real estate.  The Company, at the holding company level, has a
note payable that was due Feb. 28, 2011, which is now in default.
This note is securitized by 100 percent of the stock of the
subsidiary.

The Company reported a net loss of $1.18 million in 2011, compared
with a net loss of $2.29 million in 2010.

The Company's balance sheet at Sept. 30, 2012, showed $86.3
million in total assets, $85.5 million in total liabilities and
$793,666 in total stockholders' equity.


AMPLIPHI BIOSCIENCES: Names Scott Salka as New CEO
--------------------------------------------------
AmpliPhi BioSciences Corporation announced that Scott Salka has
been appointed as the new CEO.  Mr. Salka will replace Interim CEO
and Chairman Jeremy Curnock Cook, effective May 18.  Mr. Cook will
remain in his role as Chairman.

"Mr. Salka's leadership will enable AmpliPhi to execute on its
mission to develop innovative therapeutic solutions aimed at the
growing problem of combating antibiotic resistant bacterial
infections," said Mr. Curnock Cook.  "His extensive experience in
building biotech companies with a focus on technology development
and discovery will accelerate the progress of our bacteriophage
candidates towards the clinic, and his skill set, combined with
over 25 years of experience, will further strengthen AmpliPhi's
position in this exciting field."

Since 2010, Mr. Salka has served as CEO of Aspyrian Therapeutics
Inc., a company focused on developing near-infrared
photoimmunotherapy (PIT) therapies.  Prior to this role, he was the
CEO of Ambit Biosciences (acquired by Daiichi Sankyo in 2014).
During Mr. Salka's tenure at Ambit, a company developing treatments
for oncology, autoimmune and inflammatory diseases, he was
responsible for transforming the company from a service contract
business to a fully capable drug discovery and development
enterprise.  Prior to joining Ambit in 2001, he served as the
president and chief executive officer of two privately held
genomics companies, Arcaris, Inc. and 454 Corporation (sold to
Roche in 2007).  He also previously co-founded one of the first
commercial genomics companies, Sequana Therapeutics, Inc., a
pioneer in the effort to commercialize the international Human
Genome Project.

Mr. Salka will be based in San Diego in his role as CEO.  He is
currently a board member and professor of entrepreneurship at San
Diego State University College of Business Administration, and will
continue to serve as a board member of Aspyrian Therapeutics Inc.
He also previously served as a director and chairman of the audit
committee for Sorrento Therapeutics.  Mr. Salka received his M.B.A.
from Carnegie Mellon University and his B.S. in finance from San
Diego State University.

"I am excited to have been selected as CEO of AmpliPhi at this
important time in the company's history," noted Mr. Salka.  "With a
strong proprietary technology platform, first-in-class cGMP
manufacturing capabilities and excellent lead pipeline candidates
for addressing a major global health problem, AmpliPhi is strongly
positioned to bring new therapies for treating deadly bacterial
infections to market.  I am eager to join the executive leadership
team during what will surely be a critical growth period for not
only the company but also the industry."

AmpliPhi is advancing three pre-clinical programs in
methicillin-resistant Staphylococcus aureus (MRSA), Pseudomonas
aeruginosa infections in Cystic Fibrosis and Clostridium
difficile.

Mr. Salka's initial base salary is $425,000 per year, less
applicable withholdings.  In addition, Mr. Salka will be eligible
to earn an annual performance bonus based on achievement of certain
Company performance objectives to be established by the Board of
Directors or the Compensation Committee.  For 2015, Mr. Salka's
annual target performance bonus will equal 40% of his base salary,
which will be pro-rated for the partial year of service.

                           About AmpliPhi

AmpliPhi Biosciences Corp. is a biopharmaceutical company that
develops bacteriophage-based therapeutics.  It also develops an
internally generated pipeline of naturally occurring viruses
called bacteriophage (Phage) for the treatment of bacterial
infection, such as drug-resistant strains of bacteria that are
commonly found in the hospital setting.  The company's Phage
discovery also focuses on acute & chronic lung, sinus and
gastrointestinal infections.  AmpliPhi Biosciences was founded in
March 1989 and is headquartered in Glen Allen, Virginia.

The Company reported a net loss of $57.6 million on $325,000 of
total revenue for the year ended Dec. 31, 2013, compared with a
net loss of $1.11 million on $664,000 of total revenue in 2012.

PBMares, LLP, in Richmond, Virginia, 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 losses from operations and has an
accumulated deficit that raise substantial doubt about its ability
to continue as a going concern.

As of Sept. 30, 2014, the Company had $28.4 million in total
assets, $17.1 million in total liabilities and $11.3 million in
total stockholders' equity.


ANACOR PHARMACEUTICALS: Posts $12.9 Million Net Loss in Q1
----------------------------------------------------------
Anacor Pharmaceuticals, Inc., reported a net loss of $13.0 million
on $15.3 million of total revenues for the three months ended March
31, 2015, compared to a net loss of $21.2 million on $4.15 million
of total revenues for the same period a year ago.

"We continue to work with our partner Sandoz to optimize the
commercial opportunity for KERYDIN and believe, based on the
continued growth in prescriptions, that we are making good
progress," said Paul L. Berns, chairman and chief executive officer
of Anacor.  "In addition, we recently completed enrollment in both
of our pivotal Phase 3 studies of AN2728 in patients with
mild-to-moderate atopic dermatitis and continue to expect to
announce top-line data in the third quarter of 2015.  Pending the
results of these studies, we expect to submit an NDA to the FDA in
the first half of 2016."

Cash, cash equivalents and investments totaled $200 million at
March 31, 2015, compared to $192 million at Dec. 31, 2014.
Balances at March 31, 2015, and Dec. 31, 2014, included cash and
cash equivalents of $22.1 million and $16 million, short-term and
long-term investments of $175 million and $171.9 million and
restricted investments of $2.3 million and $3.7 million,
respectively.

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

                        http://is.gd/kNUxMV

                    About Anacor Pharmaceuticals

Palo Alto, Calif.-based Anacor Pharmaceuticals (NASDAQ: ANAC) is a
biopharmaceutical company focused on discovering, developing and
commercializing novel small-molecule therapeutics derived from its
boron chemistry platform.  Anacor has discovered eight compounds
that are currently in development.  Its two lead product
candidates are topically administered dermatologic compounds -
tavaborole, an antifungal for the treatment of onychomycosis, and
AN2728, an anti-inflammatory PDE-4 inhibitor for the treatment of
atopic dermatitis and psoriasis.

Anacor reported a net loss of $87.1 million on $20.7 million of
total revenues for the year ended Dec. 31, 2014, compared with net
income of $84.8 million on $17.2 million of total revenues for the
year ended Dec. 31, 2013.

As of Dec. 31, 2014, Anacor had $209 million in total assets, $125
million in total liabilities, $4.95 million in redeemable common
stock, and $78.8 million in total stockholders' equity.


APPLIED MINERALS: James Berylson Holds 7.2% Stake as of May 1
-------------------------------------------------------------
James Berylson disclosed in a Schedule 13D filed with the
Securities and Exchange Commission that as of May 1, 2015, he
beneficially owns 7,066,334 common shares of Applied Minerals,
Inc., which represents 7.2 percent of the shares outstanding.  Mr.
Berylson is the sole managing member of Berylson GP and Berylson
Capital, and the principal occupation of Mr. Berylson is investment
management.  A copy of the regulatory filing is available for free
at http://is.gd/XvzJna

                       About Applied Minerals

New York City-based Applied Minerals, Inc. (OTC BB: AMNL) is a
leading global producer of halloysite clay used in the development
of advanced polymer, catalytic, environmental remediation, and
controlled release applications.  The Company operates the Dragon
Mine located in Juab County, Utah, the only commercial source of
halloysite clay in the western hemisphere.  Halloysite is an
aluminosilicate clay that forms naturally occurring nanotubes.

Applied Minerals reported a net loss of $10.3 million in 2014, a
net loss of $13.06 million in 2013 and a net loss of $9.73 million
in 2012.  As of Dec. 31, 2014, the Company had $18.5 million in
total assets, $26 million in total liabilities, and a $7.51 million
total stockholders' deficit.


ARCH COAL: Bank Debt Trades at 28% Off
--------------------------------------
Participations in a syndicated loan under which Arch Coal Inc. is a
borrower traded in the secondary market at 72.12
cents-on-the-dollar during the week ended Friday, May 8, 2015,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in The Wall Street Journal.  This represents a decrease of
2.33 percentage points from the previous week, The Journal relates.
Arch Coal Inc. pays 500 basis points above LIBOR to borrow under
the facility.  The bank loan matures on May 17, 2018, and carries
Moody's B1 rating and Standard & Poor's B+ rating.  The loan is one
of the biggest gainers and losers among 257 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.



ARRAY BIOPHARMA: Posts $58.3 Million Net Income in 3rd Quarter
--------------------------------------------------------------
Array BioPharma Inc. reported net income of $58.3 million on $6.6
million of total revenue for the three months ended March 31, 2015,
compared with a net loss of $24.9 million on $7.77 million of total
revenue for the same period in 2014.

For the nine months ended March 31, 2015, the Company reported net
income of $22.1 million on $39.6 million of total revenue compared
to a net loss of $57.0 million on $36.0 million of total revenue
for the same period last year.

As of March 31, 2015, the Company had $208.44 million in total
assets, $108 million in net long-term debt and $50.2 million in
total stockholders' equity.

Ron Squarer, chief executive officer of Array, noted, "With the
close of the Novartis-GSK transaction, Array now owns both
binimetinib and encorafenib, two innovative oncology products in
Phase 3, with plans for regulatory submissions for each product in
2016.  These transformative transactions have accelerated our path
to commercialization and provide us with the opportunity to develop
two potentially broadly active products in a number of
indications."

Array ended the quarter with $191 million in cash, cash equivalents
and marketable securities.

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

                         http://is.gd/QdoJmS

                        About Array Biopharma

Boulder, Colo.-based Array BioPharma Inc. is a biopharmaceutical
company focused on the discovery, development and
commercialization of targeted small-molecule drugs to treat
patients afflicted with cancer and inflammatory diseases.  Array
has four core proprietary clinical programs: ARRY-614 for
myelodysplastic syndromes, ARRY-520 for multiple myeloma, ARRY-797
for pain and ARRY-502 for asthma.  In addition, Array has 10
partner-funded clinical programs including two MEK inhibitors in
Phase 2: selumetinib with AstraZeneca and MEK162 with Novartis.

As of Dec. 31, 2014, the Company had $164 million in total assets,
$178 million in total liabilities, and a $13.9 million total
stockholders' deficit.

Array Biopharma incurred a net loss of $85.3 million for the year
ended June 30, 2014, a net loss of $61.9 million for the year
ended June 30, 2013, and a net loss of $23.6 million for the year
ended June 30, 2012.

"If we are unable to generate enough revenue from our existing or
new collaboration and license agreements when needed or to secure
additional sources of funding, it may be necessary to
significantly reduce the current rate of spending through further
reductions in staff and delaying, scaling back, or stopping
certain research and development programs, including more costly
Phase 2 and Phase 3 clinical trials on our wholly-owned or co-
development programs as these programs progress into later stage
development.  Insufficient liquidity may also require us to
relinquish greater rights to product candidates at an earlier
stage of development or on less favorable terms to us and our
stockholders than we would otherwise choose in order to obtain up-
front license fees needed to fund operations.  These events could
prevent us from successfully executing our operating plan and, in
the future, could raise substantial doubt about our ability to
continue as a going concern," according to the quarterly report
for the period ended Sept. 30, 2014.


AVT INC: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------
Debtor: AVT, Inc.
           dba AVT Vending, Inc.
           fdba AC Mexican Food, Inc.
           dba Jalapenos Mexican Food
           aw Utique Inc.
        341 Bonnie Circle, Suite 102
        Corona, CA 92880

Case No.: 15-14464

Chapter 11 Petition Date: May 1, 2015

Court: United States Bankruptcy Court
       Central District of California (Riverside)

Judge: Hon. Mark S Wallace

Debtor's Counsel: Marc C Forsythe, Esq.
                  GOE & FORSYTHE, LLP
                  18101 Von Karman Avenue Ste 510
                  Irvine, CA 92612
                  Tel: 949-798-2460
                  Fax: 949-955-9437
                  Email: kmurphy@goeforlaw.com
       
Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Wayne Silvino, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb15-14464.pdf


BALMORAL RACING: Looks for Buyers to Eng Legal Fight
----------------------------------------------------
Katy Stech, writing for The Wall Street Journal, reported that
Balmoral Park and Maywood Park are going up for sale as part of a
deal to end a legal fight with Illinois riverboat casino
operators.

According to the report, the casino operators won an $82 million
judgment against the tracks' owners over an alleged bribery scheme
involving disgraced ex-Illinois Gov. Rod Blagojevich.  As part of a
negotiated settlement between the gambling-industry competitors,
racetrack officials face a June 29 deadline to hire an investment
banker to help look for buyers, the Journal said, citing documents
filed in U.S. Bankruptcy Court in Chicago.

                     About Balmoral Racing

Balmoral Racing Club, Inc., and Maywood Park Trotting Association,
Inc. operate pari-mutuel wagering at the Balmoral Park and Maywood
Park racetracks in Illinois under a license granted by the State
of
Illinois pursuant to the Illinois Horse Racing Act of 1975.

Balmoral Racing Club (Bankr. N.D. Ill. Case No. 14-45711) and
Maywood Park Trotting Association (Bankr. N.D. Ill. Case No.
14-45718) filed for Chapter 11 bankruptcy protection on Dec. 24,
2014, to continue operations into 2015 and protect themselves
against property seizure.  Both cases were consolidated on
Dec. 31, 2014.

Alexander F Brougham, Esq., Chad H. Gettleman, Esq., and Nathan Q.
Rugg, Esq., at Adelman & Gettleman, Ltd., serve as the Debtors'
bankruptcy counsel.  

Neither a trustee nor a committee of unsecured creditors has been
appointed in the Chapter 11 Cases.


BERRY PLASTICS: Reports $38 Million Net Income in Second Quarter
----------------------------------------------------------------
Berry Plastics Group, Inc., reported consolidated net income of $38
million on $1.22 billion of net sales for the quarterly period
ended March 28, 2015, compared to consolidated net income of $12
million on $1.21 billion of net sales for the quarterly period
ended March 29, 2014.

For the two quarterly period ended March 28, 2015, the Company
reported a consolidated net income of $51 million on $2.44 billion
of net sales compared to net income of $18 million on $2.35 billion
of net sales for the period ended March 29, 2014.

As of March 28, 2015, the Company had $5.21 billion in total
assets, $5.3 billion in total liabilities and a $86 million
stockholders' deficit.

"In the March 2015 quarter, we reported both record net sales and
operating EBITDA for any March ending quarter in the Company's
history.  Operating EBITDA improved by $19 million or 10 percent
over the same prior year quarter, primarily as a result of lower
raw material costs, cost savings from our restructuring initiatives
and improved operational productivity, along with contributions and
synergies from our recent acquisitions," said Jon Rich, Chairman
and CEO of Berry Plastics.

"As we look ahead to the second half of our fiscal year, we are
increasing our fiscal 2015 adjusted free cash flow guidance from
$320 million as previously forecasted, to $350 million.  The
revised guidance assumes resin prices will not change significantly
from the end of the March 2015 quarter and flat sales volumes for
the last two quarters of fiscal 2015.  This estimate also includes
a reduction in our forecast of additions to property, plant, and
equipment from $230 million to $220 million and a source of cash
from working capital of $25 million.  Additionally, we are
maintaining our forecasts on cash interest expense of $205 million
and other cash costs of $50 million," stated Rich.

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

                         http://is.gd/wfESJZ

                        About Berry Plastics

Berry Plastics Corporation manufactures and markets plastic
packaging products, plastic film products, specialty adhesives and
coated products.  At Jan. 2, 2010, the Company had more than 80
production and manufacturing facilities, primarily located in the
United States.  Berry is a wholly-owned subsidiary of Berry
Plastics Group, Inc.  Berry Group is primarily owned by affiliates
of Apollo Management, L.P., and Graham Partners.  Berry, through
its wholly owned subsidiaries operates five reporting segments:
Rigid Open Top, Rigid Closed Top, Flexible Films, Tapes/Coatings
and Specialty Films.  The Company's customers are located
principally throughout the United States, without significant
concentration in any one region or with any one customer.

On Dec. 3, 2009, Berry Plastics obtained control of 100 percent of
the capital stock of Pliant upon Pliant's emergence from
reorganization pursuant to a proceeding under Chapter 11 for a
purchase price of $602.7 million.  Pliant is a manufacturer of
films and flexible packaging for food, personal care, medical,
agricultural and industrial applications.

                           *     *     *

As reported by the TCR on Jan. 30, 2015, Moody's Investors Service
upgraded the corporate family rating of Berry Plastics to 'B1' from
'B2'.  The upgrade of the corporate family rating reflects the
pro-forma benefits from the recent restructuring and acquisitions.


BIOFUELS POWER: Incurs $1.1 Million Net Loss in 2014
----------------------------------------------------
Biofuels Power Corporation filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$1.08 million on $0 of sales for the year ended Dec. 31, 2014,
compared with a net loss of $607,000 on $0 of sales for the year
ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $2.26 million in total assets,
$7.56 million in total liabilities, and a $5.29 million total
stockholders' deficit.

Clay Thomas, P.C., in Abilene, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered
significant losses and will require additional capital to develop
its business until the Company either (1) achieves a level of
revenues adequate to generate sufficient cash flows from
operations; or (2) obtains additional financing necessary to
support its working capital requirements.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.

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

                       http://is.gd/7tvevL

                          Biofuels Power

Humble, Tex.-based Biofuels Power Corporation is a distributed
energy company that is pioneering the use of biodiesel to fuel
small electric generating facilities that are located in close
proximity to end-users.  BPC's first power plant is currently
located near Houston, Texas in the city of Oak Ridge North.


BIOLIFE SOLUTIONS: Stockholders Elect Six Directors to Board
------------------------------------------------------------
Biolife Solutions, Inc., held its 2015 annual meeting of
stockholders on May 4, 2015, at which the stockholders elected
Michael Rice, Raymond Cohen, Thomas Girschweiler, Andrew Hinson,
Joseph Schick and Rick Stewart as directors to hold office until
the 2016 Annual Meeting.  The Company's stockholders also approved
the Amended and Restated 2013 Performance Incentive Plan and
ratified the appointment of Peterson Sullivan LLP as the Company's
independent registered public accounting firm for 2015.

The amended Plan (i) increases the number of shares of common stock
subject to the Plan to 3,100,000, plus any shares of common stock
underlying any option granted pursuant to an equity compensation
plan other than the Plan that was outstanding on
June 20, 2013, being the date the stockholders approved the
original Plan, that was subsequently terminated or expired; (ii)
increases the aggregate number of shares of common stock with
respect to which options may be granted to any officer or employee
during a calendar year to 400,000; (iii) prohibits the cash buyout
of underwater options by the Plan administrator without approval of
the Company's stockholders; and (iv) makes clerical updates to
reflect the effect of the Jan. 29, 2014, reverse stock split.

On May 4, 2015, BioLife entered into board of directors services
agreements with: (i) Joseph Schick, (ii) Raymond W. Cohen, (iii)
Andrew Hinson, (iv) Thomas Girschweiler and (v) Rick Stewart.  None
of the Services Agreements is for a definite time period, but
rather, each will continue until the respective director ceases to
be a director of the Company for any reason.

The Services Agreements confirm that the directors are subject to
the duties of care, loyalty and good faith and certain other duties
and obligations.  The Company agrees to reimburse the directors for
reasonable business expenses incurred on behalf of the Company in
discharging the director's duties.

The Services Agreements confirm that effective Jan. 1, 2015, a
director's compensation for service as a member of the board is
$40,000 per annum and the Chairman's additional compensation for
service as the Chairman of the board is $110,000 per annum.  If and
to the extent applicable to the director, the chairman of certain
board committees are currently entitled to additional compensation
as follows: $10,000 per annum for the chairman of the Audit
Committee, $7,500 per annum for the chairman of the Compensation
Committee and $5,000 per annum for the chairman of the Nominating
and Governance  Committee.  The Services Agreements confirm that
the foregoing compensation may be revised by the board or a duly
authorized committee, in their sole discretion.

                       About BioLife Solutions

Bothell, Washington-based BioLife Solutions, Inc., develops and
markets patented hypothermic storage and cryo-preservation
solutions for cells, tissues, and organs, and provides contracted
research and development and consulting services related to
optimization of biopreservation processes and protocols.

BioLife Solutions reported a net loss of $3.30 million on $6.19
million of total revenue for the year ended Dec. 31, 2014, compared
with a net loss of $1.08 million on $8.94 million of total revenue
during the prior year.  As of Dec. 31, 2014, Biolife Solutions had
$16.07 million in total assets, $2.13 million in total liabilities
and $13.9 million in total shareholders' equity.


BION ENVIRONMENTAL: Responds to PA Senate Bill 724 Critics
----------------------------------------------------------
Bion Environmental Technologies, Inc. responded to a series of
recent statements issued/published (and/or re-circulated) by the
Chesapeake Bay Foundation (CBF) and/or the Pennsylvania
Environmental Digest (PED) that were directed at Bion, as well as
Pennsylvania Senate Bill (SB) 724.  The CBF/PED statements
represent a clear attempt to distract, rather than inform, the
Pennsylvania legislature regarding SB 724.  

CBF/PED's disingenuous strategy is underscored by PED's latest
re-circulated communication (from PA Environmental Council), dated
May 1, 2015, that concludes, "Senate Bill 724 would promote
unproductive practices at significant potential cost..."  Under SB
724, the 'significant potential cost' of such practices, as well as
the associated risks, will be borne by the developer of the
practices.  The cost to the public will be that which has been
determined by a competitive bidding program to be the lowest
available.  Further, since all reductions will have to be verified,
the public will no longer be purchasing 'unproductive practices'.
This item echoes the repeated inaccurate characterization of this
central issue by CBF/PED over the last weeks, and represents either
a complete lack of understanding of the bill and its potential
benefits for PA's taxpayers, or a disregard for the facts regarding
SB 724.

Bion has been a strong supporter of SB 724 and its predecessor
bill, SB 994.  SB 724 is designed to replace the existing system of
specified 'sector allocation' of reductions, while also uprooting
the status quo, 'business as usual' spending of taxpayer dollars
with a transparent competitive bidding program that will be limited
to rigorous, scientifically-verified nutrient pollution reductions.
SB 724 is in both Bion's economic interest AND in the public's
interest.  CBF/PED seem to be unable (or unwilling) to grasp and/or
believe that private sector and public economic interests can be
aligned, and not contradictory.

Opposition such as that being manifested by CBF/PED often arises
when low cost private sector solutions are proposed to compete with
entrenched, public sector monopolies, which can include
‘non-profits' as part of the public sector stakeholders.  The
status quo interests vigorously reject any attempt to inject
competition for the public's dollars.  As is the case here,
sometimes only direct government action - through legislation,
regulatory changes or federal courts - can dislodge these
entrenched interests and create competition in the form of
public-private partnerships that can reduce costs and increase
benefits to the taxpayer.  

In 2012, the bi-partisan Pennsylvania Legislative Budget & Finance
Committee (LBFC) undertook a study to determine whether a
transparent competitive bidding program to meet Chesapeake Bay
compliance mandates, limited to verified nutrient reductions, would
reduce compliance costs.  The LBFC study was issued in January 2013
and concluded that it could reduce the Chesapeake Bay compliance
costs to Pennsylvania taxpayers by up to 80 percent or $1.5 billion
per year by 2025.

In 2014, EPA Region 3 issued a Technical Memorandum which
recommended that a 2 to 1 "uncertainty factor" be applied to
modeled Best Management Practice (BMP) nutrient reductions,
essentially reducing their modeled efficiency by half.  The EPA
assessment concluded that modeled BMP's had overstated their real
effectiveness by 50 percent.  In 2014, the Chesapeake Bay
Commission's Economics of Trading Advisory Council issued a study
on the economics of trading which reached the same conclusion as
the EPA assessment, that modeled BMP's had vastly overstated their
efficiency.  More recently the PA Department of Environmental
Protection (DEP) determined that the uncertainty factor for BMP's
inclusion in its trading program should be raised to 3 to 1.

BMP's have been CBF's favored agricultural solution to Chesapeake
Bay pollution for decades.  The Commonwealth has invested hundreds
of millions of public money on these programs, only to now learn
that what they purchased was only 50 percent effective, at best.
Is it any wonder that Pennsylvania's agricultural reductions have
failed to meet their reduction targets?  BMP's are an important
tool in the toolbox, but are not a solution capable of providing
the large scale and verifiable nutrient reductions that
Pennsylvania and the Chesapeake Bay need today.

BMP's need to be utilized based upon their actual nutrient
reduction effectiveness.  USDA's Economic Research Service recently
released a statement on the Chesapeake Bay, stating that
"efficiency can be improved by rewarding results - nutrient
reductions - rather than compensating farmers for the cost of
implementing conservation practices" and that "actively targeting
agri-environmental programs to farms that can provide the biggest
improvement in water quality per dollar spent can significantly
reduce program costs" and further that "a bidding process or
auction to provide program payments, as in the Conservation Reserve
Program, could also reduce pollution abatement costs."  These
statements from USDA correspond with the goals, approach and
objectives of SB 724.  

CBF/PED have quoted selectively and out of context from Bion's
public filings in its attempt to derail SB 724 and divert attention
from the real issues in SB 724.  Bion has developed a detailed
response to the CBF/PED statements and has posted this response on
its website at
http://biontech.com/wp-content/uploads/2015/05/Bion.PR_.150504.724-Critics.WEB_.pdf

CBF/PED's argument should not be with Bion or SB 724's sponsor,
Senator Vogel (R, District 47), but with the non-partisan,
science/reality-based studies discussed above.  After spending
billions of taxpayer dollars, Pennsylvania still finds itself in
default of its Chesapeake Bay clean-up mandate by millions of
pounds of nitrogen, and that default stems largely from a failure
to meet reductions from agricultural sources.  CBF know this - its
own publicist/lobbyist's recent e-mail to Pennsylvania's
legislators acknowledged that the existing approach has not worked:
"I know that working together we can solve them, like we have tried
to do in the past, but over the last 10 years we have since lost
our way".

Now legislators are being asked by constituents to provide funding
for billions of dollars of additional spending for stormwater
projects, which represent less than 10% of the Chesapeake Bay
nutrient compliance mandate, but 68% of the total projected
compliance cost under current status quo approaches.  These looming
costs further focus attention on the issue of compliance costs.
The substitution of verified nutrient credits from alternative
sources, as proposed by SB 724, will significantly reduce the
stormwater nutrient compliance costs.

SB 724 proposes a transparent and competitive bidding program that
would be based on accountability.  The program would be limited to
verified credits and would only pay for real reductions verified by
the DEP.  Credits from BMPs would participate based upon the
verified efficiency assigned to the BMP by the trading program.

This is what CBF/PED referred to as a "rigged system".  Indeed, SB
724 is 'rigged' against entrenched interests that resist change and
competitive enterprise.  And SB 724 is 'rigged' against over-paying
for nutrient reductions that cannot be scientifically verified.  SB
724 requires that awards under the competitive bidding program be
consistent with the Commonwealth's procurement code which is used
to acquire the vast majority of commodities purchased by the
Commonwealth on a local, county and state level. Competitively bid
procurement programs are used nationwide, since they provide
transparency and protect the taxpayer from waste, fraud and abuse.

Craig Scott, Bion's Director of Communications, stated, "The
Chesapeake Bay Foundation and its allies imply that there is
something sinister about Bion supporting a bill that would benefit
the company, along with the Bay, its residents and the taxpayers of
Pennsylvania.

On behalf of its more than 1,200 public shareholders, Bion makes no
apologies or excuses for its actions that come from a
results-oriented and profit-driven perspective.  Disruptive
technologies and approaches are just that: disruptive.  While we
are disappointed with the Foundation’s statements, we are not
surprised.  They are an indication of what is at stake: for the
Bay, the Foundation, and yes, potentially for Bion and its
shareholders.

The Commonwealth is in default and that default is increasing
despite spending billions over several decades.  The default is not
the fault of the taxpayer or agriculture.  It stems from the
failure of the existing agricultural solutions to provide their
modeled reductions and because the existing approach has mandated
that public money be spent on solutions we now know were deficient.
The LBFC study provides a clear pathway to a transparent,
accountable and cost effective approach that will eliminate such
misguided expenditures of the public treasury in the future.

Irrelevant arguments and attacks on supporters as a strategy to
derail SB 724, in an attempt to distract legislators and confuse
the public, is simply not worthy of CBF.  If continued, it will
only serve to devalue the respect and good will that CBF has earned
through decades of hard work on behalf of the Chesapeake Bay."

Bion's proven and patented technology platform provides verifiable
comprehensive environmental treatment of livestock waste and
recovers renewable energy and valuable nutrients from the waste
stream. For more information, visit www.biontech.com.

                      About Bion Environmental

Bion Environmental Technologies Inc.'s patented and proprietary
technology provides a comprehensive environmental solution to a
significant source of pollution in US agriculture, large scale
livestock facilities known as Confined Animal Feeding Operations.
Bion's technology produces substantial reductions of nutrient
releases (primarily nitrogen and phosphorus) to both water and air
(including ammonia, which is subsequently re-deposited to the
ground) from livestock waste streams based upon the Company's
operations and research to date (and third party peer review).

Bion reported a net loss of $5.76 million for the year ended  
June 30, 2014, following a net loss of $8.24 million for the year
ended June 30, 2013.

The Company's balance sheet at Dec. 31, 2014, showed $4.07 million
in total assets, $12.8 million in total liabilities, $24,400 in
series B Redeemable Convertible Preferred stock and total
stockholders' deficit of $8.77 million.
  
GHP Horwath, P.C., in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2014, stating that the Company has not generated
significant revenue and has suffered recurring losses from
operations.  These factors raise substantial doubt about its
ability to continue as a going concern.


BLAIR OIL: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Blair Oil Investments, LLC
        2171 South Trenton Way, Suite 204
        Denver, CO 80231

Case No.: 15-15009

Chapter 11 Petition Date: May 7, 2015

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judge: Hon. Howard R Tallman

Debtor's Counsel: Harvey Sender, Esq.
                  SENDER WASSERMAN WADSWORTH, P.C.
                  1660 Lincoln St., Ste. 2200
                  Denver, CO 80264
                  Tel: 303- 296-1999
                  Fax: 303-296-7600
                  Email: Sendertrustee@sendwass.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cob15-15009.pdf


BLOUNT INC: S&P Affirms 'BB-' CCR, Outlook Stable
-------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB-' corporate
credit rating on Blount Inc. (a wholly owned subsidiary of unrated
Blount International Inc.).  The outlook is stable.

At the same time, S&P assigned its 'BB-' issue-level rating to the
company's new $600 million senior secured credit facility due 2020,
which consists of a $300 million revolving credit facility and a
$300 million term loan.  The recovery rating is '3', indicating
S&P's expectation of meaningful (50% to 70%; upper half of the
range) recovery in the event of a payment default.

Blount used the proceeds to refinance its $700 million senior
secured credit facility due 2016, which consisted of a $400 million
revolving credit facility and a $300 million term loan.  As a
result, S&P is also withdrawing its 'BB-' issue-level rating and
'3' recovery rating on the refinanced $700 million senior secured
credit facility.

"The corporate credit rating affirmation reflects our view that the
company will maintain credit measures in line with our current
rating including debt to EBITDA in the 3x to 4x range," said
Standard & Poor's credit analyst Jaissy Lorenzo.

Pro forma for the transaction debt to EBITDA was about 3.6x as of
Dec. 31, 2014.  S&P expects weakness in agriculture-related end
markets coupled with headwinds from a stronger dollar will be
partially offset by the company's ongoing cost-reduction
activities.  S&P also expects covenant headroom to exceed 15% over
the next 12 to 18 months.

The outlook is stable.  S&P expects weakness in agriculture-related
end markets coupled with headwinds from a stronger dollar will be
partially offset by the company's ongoing cost-reduction
activities.  This should enable Blount to maintain its credit
measures at appropriate levels for the rating during 2015, which
include debt to EBITDA of 3x to 4x.

S&P could lower the rating if leverage increases to more than 4x
debt to EBITDA and S&P do not expect it to improve, or if headroom
over covenants falls to 10%.  In a hypothetical scenario, a revenue
decline of 8% or greater in 2015, EBITDA margin deterioration of
about 200 basis points, and no substantial debt reduction could
increase leverage to more than 4x and lead to a downgrade.

S&P could raise the rating if the company's business risk profile
was more favorable, potentially as a result of improved
diversification and scale following one or more acquisitions.  In
addition, S&P would expect the company to maintain credit measures
in line with its "significant" financial risk benchmarks, including
debt to EBITDA of 3x to 4x.

Blount manufactures and markets a variety of products, such as saw
chains, guide bars, and other cutting-related tools, primarily for
niche applications within the forest products, lawn, garden,
agriculture, and other sectors.



BOYD GAMING: Fitch Assigns CCC+ Rating to 2023 Unsecured Notes
--------------------------------------------------------------
Fitch Ratings assigns 'CCC+/RR6' to Boyd Gaming Corp.'s announced
$500 million in senior unsecured notes due 2023. Fitch rates Boyd
Issuer Default Rating (IDR) 'B' with a Stable Outlook. Fitch links
the IDRs of Boyd and its wholly-owned subsidiary Peninsula Gaming
LLC (Peninsula) and views them on a consolidated basis.

The proceeds of the new notes along with cash on hand will be used
to make a cash tender offer for Boyd's $500 million in 9.125%
senior unsecured notes. The transaction is viewed positively by
Fitch as it is leverage neutral but could save Boyd roughly $10
million in interest expense, Fitch estimates.

KEY RATING DRIVERS

Boyd's 'B' IDR reflects a diversified asset base and healthy free
cash flow (FCF) profile. These positive credit considerations are
offset by Boyd's high, albeit sustainable, leverage and significant
exposure to weak regional casino markets.

Fitch calculates gross leverage for Boyd for period ending March
31, 2015 at 7.2x, which includes Peninsula along with the $152
million seller's note at Peninsula's HoldCo. This offers minimal
equity cushion as regional assets typically trade in 7x-8x multiple
range (a bit higher now given the REIT-spin off potential).
However, Fitch deems Boyd's capital structure sustainable when
taking Boyd's healthy FCF profile. Boyd's stand-alone leverage is
slightly better at 7x; however, Fitch believes including Peninsula
in Boyd's ratios is appropriate given the high likelihood that Boyd
merges Peninsula into its restricted group in the near-to-medium
term. Boyd has stated that it intends to merge Peninsula into its
restricted group and Peninsula's unsecured notes are callable at
106.28.

Boyd's FCF is strong for its rating level and reflects a limited
development pipeline, heavy mix of LIBOR based bank debt and $920
million in federal-level NOLs as of Dec. 31, 2014. Fitch estimates
Boyd's discretionary FCF run-rate at approximately $200 million,
which includes about $75 million of FCF at Peninsula.

Fitch's estimate for Boyd's FCF run-rate incorporates (estimates
include Peninsula):

   -- $536 million of latest 12 months (LTM) property EBITDA for
      period ending March 31, 2015;
   -- $60 million of corporate expense;
   -- $175 million of interest expense;
   -- $0 of income tax;
   -- $100 million of maintenance CapEx.

The strong FCF profile offsets the risk associated with Boyd's
operating mix, which Fitch views unfavorably with a large exposure
to mature and competitive regional markets.

KEY ASSUMPTIONS

Fitch's expectations are based on the agency's internally produced,
conservative rating case forecasts. They do not represent the
forecasts of rated issuers individually or in aggregate. Key Fitch
forecast assumptions include:

   -- Fitch projects flat same store revenue growth in Boyd's Las
      Vegas Locals segment in 2015. Fitch projects 1% same store
      revenue declines in Boyd's Midwest/South and Peninsula
      segments in 2015, with the exception of Lake Charles where
      revenues decline by 20%.

   -- Fitch assumes that state and federal NOLs absorb all tax
      liability through the rating case horizon.

   -- Fitch has not incorporated any dividends or share
      repurchases in its rating case projections.

RATING SENSITIVITIES

Negative: Future developments that may, individually or
collectively, lead to negative rating action include:

  -- Boyd's debt/EBITDA ratio excluding Borgata moving towards 8x;

  -- Discretionary run-rate FCF declining towards or below $75
     million;

  -- Same-store regional markets revenues continue to decline in
     the low-to-mid single digit range;

  -- Boyd pursuing a REIT spin-off or an M&A activity that would
     result in rent adjusted leverage to increase.

Positive: No positive rating action is expected over the next 12-24
months given the company's high leverage. However, positive rating
action may result from:

  -- Debt/EBITDA declining below 6x;
  -- Discretionary run-rate FCF exceeding $200 million;
  -- Regional markets stabilizing or growing on same-store basis;
  -- Consolidation of Peninsula into Boyd's restricted group.

Fitch has the following ratings for Boyd and its related entities:

Boyd Gaming Corp.

  -- Long-term IDR 'B';
  -- Senior secured credit facility 'BB/RR1';
  -- Senior unsecured notes 'CCC+/RR6'.

Peninsula Gaming LLC (Peninsula Gaming Corp. as co-issuer):

  -- Long-term IDR 'B';
  -- Senior secured credit facility 'BB/RR1';
  -- Senior unsecured notes 'CCC+/RR6'.

Marina District Finance Company, Inc. (Borgata)

  -- Long-term IDR 'B-';
  -- Senior secured payment priority revolving credit facility
     'BB-/RR1';
  -- Senior secured incremental term loan 'B+/RR2';
  -- Senior secured notes 'B+/RR2'.



BOYD GAMING: Moody's Rates Proposed $750MM Senior Notes B3
----------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Boyd Gaming
Corporation's proposed $750 million senior notes due 2023. Proceeds
from the new note offering will be used to refinance the company's
$500 million 9.125% senior notes due 2018 and repay revolver
amounts outstanding.

Boyd's B2 Corporate Family Rating, B2-PD Probability of Default
Rating, and existing issue-level ratings were affirmed and the
outlook remains stable. The company's Speculative Grade Liquidity
rating was raised to SGL-2 from SGL-3.

New rating assigned:

  -- Proposed $750 million senior notes due 2023, at B3 (LGD 5)

Ratings raised:

  -- Speculative Grade Liquidity Rating to SGL-2 from SGL-3

Existing ratings affirmed

  -- Corporate Family Rating at B2

  -- Probability of Default Rating at B2-PD

  -- $600.0 million revolver due 2018, at Ba3 (LGD 2)

  -- $221.4 million term loan A due 2018, at Ba3 (LGD 2)

  -- $840.8 million term loan B due 2020, at Ba3 (LGD 2)

  -- $350 million 9.0% senior notes due 2020, at B3 (LGD 5)

Outlook actions

  -- The outlook remains stable

Existing rating affirmed and to be withdrawn at transaction
closing:

  -- $500 million 9.125% senior notes due 2018, at B3 (LGD 5)

Moody's views the proposed transaction as a positive credit event
in that it will extend Boyd's debt maturity profile and reduce the
company's overall weighted cost of debt. Additionally, while
revolver borrowings repaid as part of this transaction can be
re-borrowed, Moody's expects that Boyd will continue its effort
with respect to reducing its leverage.

Despite the benefits of the proposed transaction, Moody's affirmed
Boyd's B2 Corporate Family Rating based on the company's high
leverage -- debt/EBITDA is expected to remain near 7.0 times. Also
considered is Moody's view that gaming demand trends throughout the
US will not improve materially from current levels. This could make
it difficult for Boyd to materially improve its leverage in the
next two years.

The stable rating outlook incorporates Moody's view that while
Boyd's leverage is expected to remain high, the company will
generate positive free cash flow that it can apply towards debt
reduction. In terms of leverage, this could help offset any EBITDA
decline related to the continuation of weak consumer demand trends
for gaming activities.

A higher rating would require that Boyd demonstrate the ability and
willingness to achieve and maintain debt/EBITDA at or below 6.0
times. Ratings could be lowered if it appears Boyd's operating
results deteriorate materially for any reason. Independent of any
change in Boyd's Corporate Family Rating, the company's issue-level
ratings could change if/when Boyd pursues a financing allowing it
to fold its wholly-owned Peninsula Gaming, LLC subsidiary
(Peninsula) into Boyd. Boyd publicly stated that it intends to
ultimately refinance Peninsula's debt in a manner that allows Boyd
to fold Peninsula's assets into Boyd's restricted financing group.
Although Peninsula's operating results are fully consolidated into
Boyd's financial statements, Peninsula has it's own restricted
financing group and is defined as an unrestricted subsidiary of
Boyd. Peninsula's senior notes became callable in August 2014.

The upgrade of the company's SGL rating to SGL-2 from SGL-3
incorporates revenue and EBITDA improvements at each of the
company's operating segments along with the expectation that the
company will generate positive free cash flow and remain in
compliance with the financial covenants included in its bank credit
facility.

Boyd wholly-owns and operates gaming and entertainment facilities
located throughout the US. Boyd also has a 50% partnership interest
in Marina District Finance Company, Inc., a non-recourse joint
venture that owns and operates the Borgata Hotel Casino and Spa in
Atlantic City, New Jersey. The company reported consolidated net
revenue of about $2.5 billion for the last twelve months ended
March 31, 2015.

The principal methodology used in these ratings was Global Gaming
Industry published in June 2014. Other methodologies used include
Loss Given Default for Speculative-Grade Non-Financial Companies in
the U.S., Canada and EMEA published in June 2009.


BUILDERS FIRSTSOURCE: Files Financial Statements of ProBuild
------------------------------------------------------------
Builders FirstSource, Inc., entered into a securities purchase
agreement with ProBuild Holdings LLC, and the holders of securities
of ProBuild on April 13, 2015.  

Headquartered in Denver, Colorado, ProBuild is one of the nation's
largest professional building materials suppliers.  Pursuant to the
Securities Purchase Agreement, Builders will acquire all of the
operating affiliates of ProBuild through the purchase of all of the
issued and outstanding equity interests of ProBuild for
approximately $1.63 billion, subject to certain adjustments.

On May 1, 2015, Builders Firstsource filed with the SEC the audited
combined financial statements of ProBuild Holdings, Inc., an
affiliate of ProBuild, for the years ended Dec. 31, 2014, 2013, and
2012.  Net liabilities of approximately $648.4 million, included in
the audited combined financial statements of ProBuild Holdings,
Inc., which will not be assumed in the ProBuild Acquisition,
primarily relate to long-term debt and related accrued interest,
cash, income tax receivables and deferred tax liabilities.

The audited combined financial statements of ProBuild Holdings,
Inc. for the years ended Dec. 31, 2014, 2013 and 2012 are available
for free at http://is.gd/BvrdJ8

                    About Builders FirstSource

Headquartered in Dallas, Texas, Builders FirstSource --
http://www.bldr.com/-- is a supplier and manufacturer of
structural and related building products for residential new
construction.  The Company operates 56 distribution centers and 56
manufacturing facilities in nine states, principally in the
southern and eastern United States. Manufacturing facilities
include plants that manufacture roof and floor trusses, wall
panels, stairs, aluminum and vinyl windows, custom millwork and
pre-hung doors.  Builders FirstSource also distributes windows,
interior and exterior doors, dimensional lumber and lumber sheet
goods, millwork and other building products.

Builders Firstsource reported net income of $18.2 million on $1.60
billion of sales for the year ended Dec. 31, 2014, compared to a
net loss of $42.7 million on $1.48 billion of sales in 2013.

                           *     *     *

As reported by the TCR on May 15, 2013, Standard & Poor's Ratings
Services Inc. said it raised its corporate credit rating on
Dallas-based Builders FirstSource to 'B' from 'CCC'.  "The upgrade
acknowledges U.S.-based building materials manufacturer and
distributor Builders FirstSource's 'strong' liquidity based on the
company's proposed recapitalization," said Standard & Poor's credit
analyst James Fielding.

In the May 13, 2014, edition of the TCR, Moody's Investors Service
upgraded Builders FirstSource's Corporate Family Rating to 'B3'
from 'Caa1'.  The upgrade reflects Moody's expectation that BLDR's
operating performance will continue to benefit from improved
housing construction, repair and remodeling.


BUILDERS FIRSTSOURCE: Plans to Offer $115 Million Common Stock
--------------------------------------------------------------
Builders Firstsource, Inc., filed with the Securities and Exchange
Commission a Form S-3 registration statement relating to the sale
of shares of its common stock in one or more offerings at an
aggregate initial offering price of not more than $115 million.

The Company will provide the specific prices and terms of these
sales in one or more supplements to this prospectus at the time of
the offering.

The Company may offer and sell these securities through
underwriters, dealers or agents or directly to purchasers, on a
continuous or delayed basis.

The Company's common stock is traded on the NASDAQ Global Select
Market under the symbol "BLDR."  On April 30, 2015, the last
reported sale price of the Company's common stock on NASDAQ was
$12.76.

A full-text copy of the Form S-3 is available for free at:

                       http://is.gd/Sjc5UO
                      About Builders FirstSource

Headquartered in Dallas, Texas, Builders FirstSource --
http://www.bldr.com/-- is a supplier and manufacturer of
structural and related building products for residential new
construction.  The Company operates 56 distribution centers and 56
manufacturing facilities in nine states, principally in the
southern and eastern United States. Manufacturing facilities
include plants that manufacture roof and floor trusses, wall
panels, stairs, aluminum and vinyl windows, custom millwork and
pre-hung doors.  Builders FirstSource also distributes windows,
interior and exterior doors, dimensional lumber and lumber sheet
goods, millwork and other building products.

Builders Firstsource reported net income of $18.2 million on $1.60
billion of sales for the year ended Dec. 31, 2014, compared to a
net loss of $42.7 million on $1.48 billion of sales in 2013.

As of March 31, 2015, the Company had $625 million in total assets,
$591 million in total liabilities, and $34 million in total
stockholders' equity.

                           *     *     *

As reported by the TCR on May 15, 2013, Standard & Poor's Ratings
Services Inc. said it raised its corporate credit rating on
Dallas-based Builders FirstSource to 'B' from 'CCC'.  "The upgrade
acknowledges U.S.-based building materials manufacturer and
distributor Builders FirstSource's 'strong' liquidity based on the
company's proposed recapitalization," said Standard & Poor's credit
analyst James Fielding.

In the May 13, 2014, edition of the TCR, Moody's Investors Service
upgraded Builders FirstSource's Corporate Family Rating to 'B3'
from 'Caa1'.  The upgrade reflects Moody's expectation that BLDR's
operating performance will continue to benefit from improved
housing construction, repair and remodeling.


CAESARS ENTERTAINMENT: 2017 Bank Debt Trades at 9% Off
------------------------------------------------------
Participations in a syndicated loan under which Caesars
Entertainment Inc. is a borrower traded in the secondary market at
91.63 cents-on-the-dollar during the week ended Friday, May 8,
2015, according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in The Wall Street Journal.  This represents
an decrease of 0.33 percentage points from the previous week, The
Journal relates.  Caesars Entertainment Inc. pays 875 basis point
above LIBOR to borrow under the facility.  The bank loan matures on
March 1, 2017, and carries Moody's withdraws its rating and
Standard & Poor's D rating.  The loan is one of the biggest gainers
and losers among 257 widely quoted syndicated loans with five or
more bids in secondary trading for the week ended Friday.



CAESARS ENTERTAINMENT: 2020 Bank Debt Trades at 4% Off
------------------------------------------------------
Participations in a syndicated loan under which Caesars
Entertainment Inc. is a borrower traded in the secondary market at
95.88 cents-on-the-dollar during the week ended Friday, May 8,
2015, according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in The Wall Street Journal.  This represents
an increase of 0.34 percentage points from the previous week, The
Journal relates.  Caesars Entertainment Inc. pays 600 basis points
above LIBOR to borrow under the facility.  The bank loan matures on
Sept. 24, 2020.  Moody's rates the loan 'B2' and Standard & Poor's
gave a 'CCC+' rating to the loan.  The loan is one of the biggest
gainers and losers among 257 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.



CHS/COMMUNITY HEALTH: Fitch Rates $4.5BB Sr. Secured Loans BB/RR2
-----------------------------------------------------------------
Fitch Ratings has assigned a 'BB/RR2' rating to CHS/Community
Health System Inc.'s (CHS) $4.5 billion senior secured bank term
loans G and H. Fitch expects that the company will apply the
proceeds of the proposed term loans to refinance the existing term
loan D due 2021. The Rating Outlook is Negative. The ratings apply
to $17.0 billion of debt outstanding at March 31, 2015.

KEY RATING DRIVERS

Slow Deleveraging Post HMA: In 2014, Community Health Systems, Inc.
(CHS) acquired rival hospital operator Health Management Associates
(HMA) in a deal that added about $7 billion of debt to CHS's
capital structure. Since the close of the transaction, growth in
EBITDA has been hampered by some operational issues at the HMA
hospitals and ongoing government investigations and lawsuits. This
has delayed the pace of deleveraging; total debt-to-EBITDA is about
5.8x versus 5.2x prior to the acquisition.

Solid Strategic Rationale: The acquisition had a sound strategic
basis because it enhanced the geographic scope of CHS's business
while adding considerable scale. Fitch believes operational issues
at the HMA hospitals were in part the result of HMA management
distraction in the months leading up to the acquisition, and
expects CHS to make improvements in areas like physician
recruitment, which should improve organic growth and expand margins
at the HMA facilities. Early signs of progress in these areas were
evident in the company's Q1'15 operating results, which showed
positive organic revenue growth on a same store basis including the
HMA facilities and expansion of the operating EBITDA margin versus
Q1'14.

Recently Improving Volume Trend: Prior to the HMA acquisition and
early in the integration process, CHS's patient volume trends
lagged industry peers and weighed on top-line growth and margins.
Although a performance gap remains relative to peers in Q1'15
volume growth, CHS has made progress in this area, posting an
improvement in volumes along with the rest of the for-profit
hospital industry beginning in the second half of 2014. The
economic recovery taking hold in more markets, investments in
higher-growth service lines and expansion of health insurance under
the Affordable Care Act (ACA) are supporting better growth despite
ongoing secular headwinds.

Progress in Resolution of Legal Issues: CHS has been dealing with
government investigations and lawsuits related to the issue of
short-stay hospital admissions. CHS made progress in resolving the
legal issues facing the legacy CHS hospitals during 2014, which did
not involve financial fines significant enough to threaten
financial flexibility or require major operational changes that
would influence future revenue and EBITDA growth.

Liquidity Profile: CHS' liquidity profile is an important factor
supporting the 'B+' IDR. The company has adequate cushion under the
bank facility financial maintenance covenants, and cash from
operations is fairly robust and is expected to be stable. At March
31, 2015, sources of liquidity included cash on hand of $222
million, LTM FCF of $563 million and availability on the revolving
credit facilities of $932 million. Fitch projects that the company
will maintain a 3% FCF margin, with FCF generation of about $600
million annually. While FCF could support debt repayment, Fitch
expects most deleveraging to result from expansion of EBITDA, with
the company instead prioritizing acquisitions as a use of cash.

Debt Maturities are Manageable: Near-term debt maturities are not a
concern. Following the recent refinancing of the term loan series
E, the next large maturity does not occur until 2018. Proceeds of
the proposed term loan series G and H will be used to refinance the
existing $4.5 billion term loan series D due 2021.

RATING SENSITIVITIES

Maintenance of the 'B+' Issuer Default Rating (IDR) considers CHS
maintaining total debt to EBITDA below 6.0x during 2015. Fitch
thinks maintaining leverage at this level is achievable based on
its forecast for CHS's 2015 EBITDA, and assuming only a small
amount of debt paydown through amortization of the bank term loans.
A sustained trend of positive organic revenue growth as seen in
Q1'15, and maintenance of an operating EBITDA margin of at least
14%, would also support a revision of the Rating Outlook to Stable
later in 2015.

A downgrade could result from leverage above 6.0x and an FCF margin
below 2%. Risks to the operating outlook include the inability to
achieve projected cost synergies and implement operational
improvements at the HMA hospitals, lack of progress towards
resolution of HMA's legal issues, and a reversal of the improving
trends in patient volumes. In particular, a return to negative
growth in CHS's organic adjusted admissions during 2015 would be
concerning.

KEY ASSUMPTIONS

  -- Sustained positive organic growth in adjusted patient
     admissions, although the rate of growth is likely to taper
     later in 2015 due to more difficult year-over-year
     comparisons and a plateauing of the benefits of the ACA and
     improving economy


   -- Modest EBITDA margin compression in late 2015 - 2016, partly

      resulting from negative operating leverage as volume growth
      rates normalize and pricing trends remain stable, as well as

      integration of lower margin acquired hospitals, although
      Fitch expects an EBITDA margin of at least 14%

   -- EBITDA of $2.9 billion and FCF of $600 million in 2015 with
      capital expenditures of about $1.1 billion

   -- The majority of FCF will be directed towards acquisitions,
      with debt levels dropping only slightly from required
      principal payments on the bank term loans, resulting in
      gross debt/EBITDA declining to 5.5x through the forecast
      period.

DEBT ISSUE RATINGS

Fitch currently rates CHS as follows:

Community Health Systems, Inc.:
  -- IDR 'B+'.

CHS/Community Health Systems, Inc.:
   -- IDR 'B+',
   -- Senior secured credit facility 'BB/RR2';
   -- Senior secured notes 'BB/RR2';
   -- Senior unsecured notes 'B+/RR4';

The Rating Outlook is Negative.

Total debt of approximately $17 billion includes $7.2 billion of
first-lien secured bank debt, $2.6 billion of first-lien secured
notes, $6.2 billion of senior unsecured notes, and $623 million
outstanding under a $700 million capacity accounts receivables
facility. CHS's bank debt includes approximately $7.1 billion in
term loans maturing through January 2021 and a $1 billion capacity
revolving credit facility.

The 'BB/RR2' rating for CHS's secured debt (which includes the bank
term loans, revolver and senior secured notes) reflects Fitch's
expectations for 83% recovery under a hypothetical bankruptcy
scenario. The 'B+/RR4' rating on CHS's $6.2 billion senior
unsecured notes rating reflects Fitch's expectations for principal
recovery of 49%.

The Recovery Ratings (RR) reflect Fitch's expectation that the
enterprise value (EV) of CHS will be maximized in a restructuring
scenario (going concern), rather than a liquidation. In estimating
its going concern EV for CHS, Fitch assumes a 35% discount to LTM
EBITDA of $2.9 billion for CHS, resulting in a post-default cash
flow estimate of $1.9 billion.

The magnitude of the discount to current cash flow is fairly
substantial in this instance, given that the company is well
removed from potential default, as reflected in the 'B+' IDR.
Fitch's post-default cash flow estimate for companies in the
hospital sector mainly considers the structure of the industry.
Hospital providers are highly exposed to potential cuts in Medicare
and Medicaid payments since these companies can be considered price
takers with respect to the 30% - 40% of revenues derived from
patients with government-sponsored health insurance. Furthermore,
cuts in government payment rates or unfavorable changes in the
reimbursement environment (i.e. higher scrutiny of short-stay
hospital admissions), will invariably influence payments from
commercial health insurers, augmenting the impact on cash flow.
Fitch then applies a 7.0x multiple to CHS's post-default EBITDA
estimate of $1.9 billion, resulting in a going concern EV of $13.4
billion. The 7.0x multiple is based on observation of both recent
transactions/takeout and public market multiples in the healthcare
industry.

Fitch applies a waterfall analysis to the going concern EV, which
is $12 billion net of a standard assumption of 10% for
administrative claims, based on the relative claims of the debt in
the capital structure. At Dec. 31, 2014, about 60% of consolidated
total asset value resides in the guarantor group, which is used as
an estimate for collateral value, with Fitch assuming that 60% of
the going concern EV, or $7.2 billion, is recovered by first-lien
secured holders, leaving $4.8 billion of non-collateral value to be
distributed to unsecured claimants. Based on $10.8 billion of total
secured claims (which includes the bank term loans, revolver and
senior secured notes), the resulting first-lien secured deficiency
claim of $3.6 billion is added to $6.2 billion of senior unsecured
claims, resulting in $9.8 billion of total unsecured claims.



CHS/COMMUNITY HEALTH: Moody's Rates New $1BB Secured Loans 'Ba2'
----------------------------------------------------------------
Moody's Investors Service assigned a Ba2 (LGD 2) rating to
CHS/Community Health Systems, Inc.'s new $1.0 billion senior
secured term loan G due 2019 and $3.5 billion senior secured term
loan H due 2021. Moody's understands that the proceeds of the new
terms loans will be used to refinance the company's existing $4.5
billion senior secured term loan D due 2021. While a reduction in
interest cost is modestly positive, Community's B1 Corporate Family
Rating and B1-PD Probability of Default Rating, are unchanged
because the transaction does not meaningfully affect the company's
leverage. The stable rating outlook is also unchanged.

The following ratings were assigned:

  -- Senior Secured Term Loan G due 2019, Ba2 (LGD 2)

  -- Senior Secured Term Loan H due 2021, Ba2 (LGD 2)

Community's B1 Corporate Family Rating reflects Moody's expectation
that the company will continue to reduce debt to EBITDA closer to
5.0 times by the end of 2015 as the company focuses on the
integrating the acquired Health Management Associates (HMA)
operations and drive synergies in lieu of additional debt financed
acquisitions or shareholder initiatives. Also supporting the rating
is Moody's acknowledgement of Community's scale and market
strength, which should help the company weather unfavorable trends,
including weak volumes, and adjust to a changing environment during
ongoing implementation of the provisions of the Affordable Care Act
(ACA). Moody's anticipates that the company will continue to see
stable to improving margin performance in the near term from a
combination of improvements at the acquired HMA facilities,
synergies from the acquisition, and benefits from lower bad debt
expense resulting from the expansion of insurance coverage under
the ACA.

Given high financial leverage, Moody's does not expect an upgrade
of the ratings in the near term. However, Moody's could upgrade the
ratings if the company materially reduces financial leverage and
cash flow coverage of debt metrics improve. Specifically, if
Community is able to achieve and sustain adjusted debt to EBITDA
closer to 4.0 times, the ratings could be upgraded.

If the company is not able to meaningfully reduce debt to EBITDA to
closer to 5.0 times over the next twelve months, Moody's could
downgrade the ratings. Additionally, liquidity deterioration or a
significant debt-financed acquisition or adverse developments
beyond Moody's expectations related to ongoing investigations or
litigation could result in a downgrade of the ratings.

The principal methodology used in these ratings was Global
Healthcare Service Providers published in December 2011. Other
methodologies used include Loss Given Default for Speculative-Grade
Non-Financial Companies in the U.S., Canada and EMEA published in
June 2009.

CHS/Community Health Services, Inc., headquartered in Franklin, TN,
is an operator of general acute care hospitals in non-urban and
mid-sized markets throughout the US. In addition, through its
subsidiary, Quorum Health Resources, LLC, Community provides
management and consulting services to non-affiliated general acute
care hospitals throughout the country. Community recognized
approximately $19.4 billion in revenue for the twelve months ended
March 31, 2015.


CLIFFS NATURAL: Widens Net Loss to $773 Million in 1st Quarter
--------------------------------------------------------------
Cliffs Natural Resources Inc. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss attributable to common shareholders of $773 million on
$446 million of revenues from products sales and services for the
three months ended March 31, 2015, compared with a net loss
attributable to common shareholders of $83.1 million on $616
million of revenues from product sales and services for the same
period in 2014.

As of March 31, 2015, the Company had $2.70 billion in total
assets, $4.48 billion in total liabilities, and a $1.78 billion
total deficit.

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

                      http://is.gd/IofbmY

                  About Cliffs Natural Resources

Cliffs Natural Resources Inc. --
http://www.cliffsnaturalresources.com/-- is a mining and natural
resources company.  The Company is a major supplier of iron ore
pellets to the U.S. steel industry from its mines and pellet plants
located in Michigan and Minnesota.  Cliffs also produces
low-volatile metallurgical coal in the U.S. from its mines located
in West Virginia and Alabama.  Additionally, Cliffs operates an
iron ore mining complex in Western Australia and owns two
non-operating iron ore mines in Eastern Canada.  Driven by the core
values of social, environmental and capital stewardship, Cliffs'
employees endeavor to provide all stakeholders operating and
financial transparency.

On Jan. 27, 2015, Bloom Lake General Partner Limited and certain of
its affiliates, including Cliffs Quebec Iron Mining ULC commenced
restructuring proceedings in Montreal, Quebec, under the Companies'
Creditors Arrangement Act (Canada).  The initial CCAA order will
address the Bloom Lake Group's immediate liquidity issues and
permit the Bloom Lake Group to preserve and protect its assets for
the benefit of all stakeholders while restructuring and sale
options are explored.

The Company reported a net loss of $8.31 billion in 2014 following
net income of $362 million in 2013.

                          *    *     *

As reported by the TCR on Feb. 3, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Cliffs
Natural Resources Inc. to 'B' from 'BB-'.  The downgrade of
Cleveland-based Cliffs Natural Resources is driven by a revision
of the company's financial risk profile to "highly leveraged" from
"aggressive" as a result of S&P's lowered iron ore price
assumptions.  The 24% cut to $65 per metric ton marked the
third downward revision since early 2014, when S&P's forecast
prices were more than $100 per metric ton.

The TCR reported in March 2015 that Moody's Investors Service
downgraded Cliffs Natural Resources Inc. Corporate Family Rating
and Probability of Default Rating to 'B1' and 'B1-PD'
respectively.  "The downgrade in the CFR to 'B1' reflects
expectations for a weaker performance in the Asia Pacific iron ore
(APIO) segment, which has a greater exposure to the movement of
iron ore prices in the seaborne market," said Carol Cowan, Moody's
senior vice president.


COAST BRIDGE: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Coast Bridge Logistics, Inc.
        18420 S. Santa Fe Avenue
        Compton, CA 90221

Case No.: 15-17066

Chapter 11 Petition Date: May 1, 2015

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

Judge: Hon. Vincent P. Zurzolo

Debtor's Counsel: William P Fennell, Esq.
                  LAW OFFICE OF WILLIAM P. FENNELL, APLC
                  401 West A Street, Suite 1800
                  San Diego, CA 92101
                  Tel: 619-325-1560
                  Fax: 619-325-1558
                  Email: william.fennell@fennelllaw.com

Total Assets: $2.39 million

Total Liabilities: $2.86 million

The petition was signed by Hsin Hsu Wu, secretary and chief
financial officer.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb15-17066.pdf


CORINTHIAN COLLEGES: CEO's Annual Salary Reduced to $1
------------------------------------------------------
Jack D. Massimino, Corinthian Colleges, Inc.'s Chairman of the
Board and chief executive officer, voluntarily agreed to reduce his
annual compensation to $1, effective May 1, 2015, according to a
Form 8-K report filed with the Securities and Exchange Commission.

The Company also cautioned stockholders that trading in shares of
the Company's equity securities during the pendency of the Chapter
11 petitions is highly speculative and poses substantial risks.
Trading prices for the Company's equity securities may bear little
or no relationship to the actual recovery, if any, by holders in
our Chapter 11 bankruptcy proceedings.  At this time, the Company
does not expect to be able to distribute any proceeds from the
Chapter 11 Petitions to stockholders.  Accordingly, the Company
urges extreme caution with respect to existing and future
investments in its equity securities.

                    About Corinthian Colleges

Corinthian Colleges, Inc., Pegasus Education, Inc., and 23
affiliated entities filed voluntary Chapter 11 petitions (Bankr. D.
Del. Lead Case No. 15-10952) on May 4, 2015.  The Chapter 11
petitions are being jointly administered under the caption In re:
Corinthian Colleges, Inc. et al., Case No. 15-10952 (KJC).  The
cases are assigned to Judge Kevin J. Carey.

Corinthian Colleges, Inc., was founded in February 1995, and
through acquisitions became one of the largest for-profit
post-secondary education companies in the United States and
Canada.

Corinthian Colleges, which in 2014 had more than 100 campuses all
over the U.S. and Canada, sought bankruptcy protection to complete
an orderly wind down of its operations.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel;
FTI Consulting, Inc., as restructuring advisors; and
Rust Consulting/Omni Bankruptcy as claims and noticing agent.

Corinthian Colleges disclosed total assets of $19.2 million and
total liabilities of $143.1 million in its petition.


CORINTHIAN COLLEGES: Former Students Want to Sue School
-------------------------------------------------------
Ischoolguide.com reports that a group of Corinthian Colleges
students is planning to pursue legal action against the School,
which has closed all its remaining campuses.

Market Watch relates that attorneys for the students have decided
to file the lawsuit in bankruptcy court to request permission to
file the motion with the state court, a move which would help
students become entitled to opportunities to continue their
education elsewhere, debt forgiveness, and other forms of
restitution.  Ischoolguide.com states that the School's former
students shared stories of promises for higher salaries and jobs in
new fields -- promises that never materialized and left the
students with thousands of dollars in loans.

According to Breitbart.com, Corinthian Colleges shut down 28
schools and filed for bankruptcy after California Attorney General
Kamala Harris refused to grant a release from liability for past
actions, blocking the School's negotiations with several parties to
sell its remaining schools, which would have helped 16,000 active
students continue their education.  

Patrick Lindsey at Usnewsuniversitydirectory.com says that hundreds
of the students across the country have been left with massive
student loan debts and no degree to show for it.  Breitbart.com
reports that Ms. Harris said the closures were in the best interest
of the 16,000 students because she may be able to cancel their
student debt through a "closed-school loan discharge", a rule that
provides students with debt relief if they cannot complete their
education because their school closed.

Usnewsuniversitydirectory.com states that the U.S. Department of
Education has been working to help the students alleviate their
debt, as a loan guaranty agency bought around half of the
Corinthian campuses across the U.S., securing $480 million of debt
relief for students.  

According to Laura Edghill at Worldmag.com, the U.S. Department of
Education notified the students that they could have their federal
debts forgiven, but they must give up the credits they earned while
students of Corinthian's schools.  The report quoted Ted Mitchell,
undersecretary at the Department of Education, as saying, "You can
have the credits you paid for or you can relinquish the credits if
you want the money back . . . .  Students can have one or the
other, but not both."

Usnewsuniversitydirectory.com relates that a group of former
Corinthian students calling themselves the Debt Collective have
been refusing to pay their federal student loans since February
2015 due to a fraudulent activity of the School.

                  About Corinthian Colleges

Corinthian Colleges, Inc., was founded in February 1995, and
through acquisitions became one of the largest for-profit
post-secondary education companies in the United States and
Canada.

Corinthian Colleges, which in 2014 had more than 100 campuses all
over the U.S. and Canada, sought bankruptcy protection to complete
an orderly wind down of its operations.

Corinthian Colleges, Inc., Pegasus Education, Inc., and 23
affiliated entities filed voluntary Chapter 11 petitions (Bankr. D.
Del. Lead Case No. 15-10952) on May 4, 2015.  The cases are
assigned to Judge Kevin J. Carey.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel;
FTI Consulting, Inc., as restructuring advisors; and
Rust Consulting/Omni Bankruptcy as claims and noticing agent.

Corinthian Colleges estimated $10 million to $50 million in assets
and $100 million to $500 million in debt.

As of the Petition Date, Corinthian has outstanding obligations of
$94.4 million in aggregate principal amount, in respect of
prepetition domestic loans, $8.9 million in aggregate principal
amount, in respect of domestic letters of credit issued, and
CAD$2.3 million in aggregate principal amount, in respect of
Canadian letters of credit issued under a credit agreement with
Bank of America, N.A., as administrative agent.


CORINTHIAN COLLEGES: May 13 Meeting Set to Form Creditors' Panel
----------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on May 13, 2015, at 10:00 a.m. in the
bankruptcy case of Corinthian Colleges, Inc., et al.

The meeting will be held at:

         The DoubleTree Hotel
         700 King St.
         Wilmington, DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee. Section 1103 of the
Bankruptcy Code provides that the Committee may consult with the
debtor, investigate the debtor and its business operations and
participate in the formulation of a plan of reorganization.  The
Committee may also perform other services as are in the interests
of the unsecured creditors whom it represents.

                   About Corinthian Colleges

Corinthian Colleges, Inc., was founded in February 1995, and
through acquisitions became one of the largest for-profit
post-secondary education companies in the United States and
Canada.

Corinthian Colleges, which in 2014 had more than 100 campuses all
over the U.S. and Canada, sought bankruptcy protection to complete
an orderly wind down of its operations.

Corinthian Colleges, Inc., Pegasus Education, Inc., and 23
affiliated entities filed voluntary Chapter 11 petitions (Bankr. D.
Del. Lead Case No. 15-10952) on May 4, 2015.  The cases are
assigned to Judge Kevin J. Carey.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel;
FTI Consulting, Inc., as restructuring advisors; and
Rust Consulting/Omni Bankruptcy as claims and noticing agent.

Corinthian Colleges estimated $10 million to $50 million in assets
and $100 million to $500 million in debt.

As of the Petition Date, Corinthian has outstanding obligations of
$94.4 million in aggregate principal amount, in respect of
prepetition domestic loans, $8.9 million in aggregate principal
amount, in respect of domestic letters of credit issued, and
CAD$2.3 million in aggregate principal amount, in respect of
Canadian letters of credit issued under a credit agreement with
Bank of America, N.A., as administrative agent.




CTI BIOPHARMA: Baxalta Reports 8.7% Stake as of April 30
--------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Baxalta Incorporated and Baxalta GmbH disclosed that as
of April 30, 2015, they beneficially own 15,673,981 shares of
common stock of CTI BioPharma Corp., which represents 8.7 percent
of the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/MVz8gP

                        About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- formerly known as Cell
Therapeutics, Inc., is a biopharmaceutical company focused on
the acquisition, development and commercialization of novel
targeted therapies covering a spectrum of blood-related cancers
that offer a unique benefit to patients and healthcare providers.
The Company has a commercial presence in Europe and a late-stage
development pipeline, including pacritinib, CTI's lead product
candidate that is currently being studied in a Phase 3 program for
the treatment of patients with myelofibrosis.  CTI BioPharma is
headquartered in Seattle, Washington, with offices in London and
Milan under the name CTI Life Sciences Limited.

CTI Biopharma reported a net loss attributable to common
shareholders of $96 million in 2014, compared with a net loss
attributable to common shareholders of $49.6 million in 2013.
As of Dec. 31, 2014, the Company had $92.3 million in total assets,
$52.4 million in total liabilities, $1.44 million in common stock
purchase warrants and $38.5 million in total shareholders' equity.

                         Bankruptcy Warning

The Company believes that its present financial resources, together
with additional milestone payments projected to be received under
certain of its contractual agreements, its ability to control costs
and expected net sales of PIXUVRI, will only be sufficient to fund
its operations through mid-third quarter of 2015.  This raises
substantial doubt about the Company's ability to continue as a
going concern.  Further, the Company has incurred net losses since
inception and expect to generate losses for the next few years
primarily due to research and development costs for pacritinib,
PIXUVRI, Opaxio and tosedostat.  The Company's available cash and
cash equivalents were $70.9 million as of
Dec. 31, 2014.

The Company said it will need to raise additional funds.  It may
seek to raise such capital through public or private equity
financings, partnerships, collaborations, joint ventures,
disposition of assets, debt financings or restructurings, bank
borrowings or other sources of financing.  However, the Company has
a limited number of authorized shares of common stock available for
issuance and additional funding may not be available on favorable
terms or at all.

"If additional funds are raised by issuing equity securities,
substantial dilution to existing shareholders may result.  If we
fail to obtain additional capital when needed, we may be required
to delay, scale back or eliminate some or all of our research and
development programs, reduce our selling, general and
administrative expenses, be unable to attract and retain highly
qualified personnel, refrain from making our contractually required
payments when due (including debt payments) and/or may be forced to
cease operations, liquidate our assets and possibly seek bankruptcy
protection," the Company states in the 2014 annual report.


CTI BIOPHARMA: Baxter Int'l Holds 8.7% Stake as of April 30
-----------------------------------------------------------
Baxter International Inc. disclosed in an amended Schedule 13G
filed with the Securities and Exchange Commission that as of April
30, 2015, it beneficially owns 15,673,981 shares of common stock of
CTI BioPharma Corp., which represents 8.7 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/M7O2XK

                        About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- formerly known as Cell
Therapeutics, Inc., is a biopharmaceutical company focused on
the acquisition, development and commercialization of novel
targeted therapies covering a spectrum of blood-related cancers
that offer a unique benefit to patients and healthcare providers.
The Company has a commercial presence in Europe and a late-stage
development pipeline, including pacritinib, CTI's lead product
candidate that is currently being studied in a Phase 3 program for
the treatment of patients with myelofibrosis.  CTI BioPharma is
headquartered in Seattle, Washington, with offices in London and
Milan under the name CTI Life Sciences Limited.

CTI Biopharma reported a net loss attributable to common
shareholders of $96 million in 2014, compared with a net loss
attributable to common shareholders of $49.6 million in 2013.
As of Dec. 31, 2014, the Company had $92.3 million in total assets,
$52.4 million in total liabilities, $1.44 million in common stock
purchase warrants and $38.5 million in total shareholders' equity.

                         Bankruptcy Warning

The Company believes that its present financial resources, together
with additional milestone payments projected to be received under
certain of its contractual agreements, its ability to control costs
and expected net sales of PIXUVRI, will only be sufficient to fund
its operations through mid-third quarter of 2015.  This raises
substantial doubt about the Company's ability to continue as a
going concern.  Further, the Company has incurred net losses since
inception and expect to generate losses for the next few years
primarily due to research and development costs for pacritinib,
PIXUVRI, Opaxio and tosedostat.  The Company's available cash and
cash equivalents were $70.9 million as of
Dec. 31, 2014.

The Company said it will need to raise additional funds.  It may
seek to raise such capital through public or private equity
financings, partnerships, collaborations, joint ventures,
disposition of assets, debt financings or restructurings, bank
borrowings or other sources of financing.  However, the Company has
a limited number of authorized shares of common stock available for
issuance and additional funding may not be available on favorable
terms or at all.

"If additional funds are raised by issuing equity securities,
substantial dilution to existing shareholders may result.  If we
fail to obtain additional capital when needed, we may be required
to delay, scale back or eliminate some or all of our research and
development programs, reduce our selling, general and
administrative expenses, be unable to attract and retain highly
qualified personnel, refrain from making our contractually required
payments when due (including debt payments) and/or may be forced to
cease operations, liquidate our assets and possibly seek bankruptcy
protection," the Company states in the 2014 annual report.


DANDRIT BIOTECH: Appoints Lone Degn as Chief Financial Officer
--------------------------------------------------------------
The board of directors of DanDrit Biotech USA, Inc., appointed Lone
Degn to serve as chief financial officer of the Company to serve
until her successor is duly elected, qualified and seated or until
her earlier resignation or removal, according to a Form 8-K filed
with the Securities and Exchange Commission.

Ms. Degn, age 49, does not have any family relationships with any
of the Company's other officers or directors.  Ms. Degn served as
financial controller at Saxo Bank for a period of eight years until
the end of 2013.  After her stint at Saxo Bank, she has worked as
an independent consultant for LD Consulting . Previously, she
worked seven years at KPMG in Denmark.  Ms. Degn has a B.A. Degree
in Business Administration from Copenhagen Business School.

In March, 2015, Ms. Degn also entered into an employment agreement
with the Company's wholly-owned subsidiary DanDrit Biotech A/S
pursuant to which Ms. Degn will receive a salary of DKK 60,000 per
month, to be paid monthly, and subject to an annual review by the
Board regarding salary increases as it deems appropriate.

Ms. Degn replaces Robert Wolfe as CFO.  Mr. Wolfe amicably resigned
as CFO on April 28, 2015.

                            About DanDrit

DanDrit Biotech USA, Inc., a biotechnology company, develops
vaccine for the treatment of colorectal cancer primarily in the
United States, Europe, and Asia.  Its lead compound includes
MelCancerVac(MCV), a cellular therapy, which is in a comparative
Phase IIb/III clinical trial for advanced colorectal cancer.  It
also develops MelVaxin that is similar to the lysate component of
MCV for injecting into the skin to promote natural dendritic cell
responses that will attack the tumor expressing cancer/testis
antigens.  The company was founded in 2001 and is headquartered in
Copenhagen, Denmark.

Dandrit Biotech reported a net loss of $2.37 million on $0 of net
sales for the year ended Dec. 31, 2014, compared to a net loss of
$2.14 million on $32,800 of net sales for the year ended Dec. 31,
2013.

As of Dec. 31, 2014, the Company had $5.23 million in total assets,
$1.75 million in total liabilities, and $3.48 million in total
stockholders' equity.


DOVER DOWNS: Posts $352,000 Net Loss in First Quarter
-----------------------------------------------------
Dover Downs Gaming & Entertainment, Inc., reported results for the
three months ended March 31, 2015, and announced a cutback in table
game operations.

The Company's revenues for the first quarter of 2015 were
$44,338,000 compared with $45,477,000 for the first quarter of
2014.

Gaming revenues of $38,776,000 were down 2.5% compared to the first
quarter of last year, primarily from lower slot machine revenue and
lower harness racing commissions.

Other operating revenues were $5,562,000 compared to $5,695,000
last year.  Occupancy levels in the Dover Downs Hotel were
approximately 76% for the first quarter of 2015 compared with
approximately 80% for the first quarter of 2014.

General and administrative expenses of $1,496,000 were higher than
last year, primarily from employee separation costs.

Depreciation expense of $2,152,000 was down compared to $2,295,000
last year.

Interest expense decreased to $348,000 during the quarter as a
result of lower fees and lower outstanding borrowings.

Net loss was ($352,000), or ($.01) per diluted share, compared with
net loss of ($1,053,000), or ($.03) per diluted share for the first
quarter of 2014.

As of March 31, 2015, the Company had $175.56 million in total
assets, $63.50 million in total liabilities and $112.06 million in
total stockholders' equity.

Denis McGlynn, the Company's president and chief executive officer,
stated: "Unfortunately, this was yet another disappointing
reporting period for the Company as we continue to experience
competitive challenges and operate under the current unbalanced and
outdated gaming revenue sharing formula under state law.

In 2014, prior to mandated payments to the state and horsemen, the

company generated a healthy operating profit but, after taking
these payments into account and despite expense reductions and the
elimination of 21 positions through attrition, the company
experienced a net loss for the year.

During this first quarter we reduced our headcount by an additional
10 employees and created additional efficiencies wherever possible,
but were unable once again to overcome our mandated payments to
others.

In light of our first quarter net loss and in order to comply with
our fiduciary responsibility to our shareholders, we are announcing
today the curtailment of our unprofitable table games operation.
Effective May 18th we will cease table game operations Mondays
through Thursdays between the hours of 2 a.m. and 8 a.m.  This
action, which we have delayed as long as we can, will eliminate an
additional 24 positions and reduce our exposure to table game
losses which, we expect, will help to improve performance going
forward.  This further cutback is not a pleasant one to make, but
unfortunately, in light of our position we must make it."

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

                        http://is.gd/E5MHah

                         About Dover Downs

Owned by Dover Downs Gaming & Entertainment, Inc. (NYSE: DDE),
Dover Downs Hotel & Casino(R) is a gaming and entertainment resort
destination in the Mid-Atlantic region.  Gaming operations consist
of approximately 2,500 slots and a full complement of table games
including poker.  The AAA-rated Four Diamond hotel is Delaware's
largest with 500 luxurious rooms/suites and amenities including a
full-service spa/salon, concert hall and 41,500 sq. ft. of multi-
use event space.  Live, world-class harness racing is featured
November through April, and horse racing is simulcast year-round.
Professional football parlay betting is accepted during the
season.  Additional property amenities include multiple
restaurants from fine dining to casual fare, bars/lounges and
retail shops.  Visit http://www.doverdowns.com/      

Dover Downs reported a net loss of $706,000 in 2014, compared to
net earnings of $13,000 in 2013.

KPMG LLP, in Philadelphia, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company's credit facility
expires on Sept. 30, 2015, and at present no agreement has been
reached to refinance the debt, which raises substantial doubt about
the Company's ability to continue as a going concern.


DOVER DOWNS: Posts $352,000 Net Loss in First Quarter
-----------------------------------------------------
Dover Downs Gaming & Entertainment, Inc., filed with the Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $352,000 on $44.3 million of revenues for
the three months ended March 31, 2015, compared to a net loss of
$1.05 million on $45.5 million of revenues for the same period in
2014.

As of March 31, 2015, the Company had $176 million in total assets,
$63.5 million in total liabilities and $112 million in total
stockholders' equity.

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

                         http://is.gd/bYeJIl

                          About Dover Downs

Owned by Dover Downs Gaming & Entertainment, Inc. (NYSE: DDE),
Dover Downs Hotel & Casino(R) is a gaming and entertainment resort
destination in the Mid-Atlantic region.  Gaming operations consist
of approximately 2,500 slots and a full complement of table games
including poker.  The AAA-rated Four Diamond hotel is Delaware's
largest with 500 luxurious rooms/suites and amenities including a
full-service spa/salon, concert hall and 41,500 sq. ft. of multi-
use event space.  Live, world-class harness racing is featured
November through April, and horse racing is simulcast year-round.
Professional football parlay betting is accepted during the
season.  Additional property amenities include multiple
restaurants from fine dining to casual fare, bars/lounges and
retail shops.  Visit http://www.doverdowns.com/      

Dover Downs reported a net loss of $706,000 in 2014, compared to
net earnings of $13,000 in 2013.

KPMG LLP, in Philadelphia, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company's credit facility
expires on Sept. 30, 2015, and at present no agreement has been
reached to refinance the debt, which raises substantial doubt about
the Company's ability to continue as a going concern.


DR. TATTOFF: Signs 2-Year Management Agreement with SC Laser
------------------------------------------------------------
Dr. Tattoff, Inc. entered into a management services agreement,
effective as of May 3, 2015, with SC Laser, Inc., a medical
corporation, to provide certain non-medical management,
administrative, marketing and support services and equipment as an
independent contractor to the practice sites where SC Laser Inc.
provides or supervises laser tattoo and hair removal services.

Under the MSA, SC Laser Inc. retains sole responsibility for, and
complete authority, supervision and control over, the provision of
professional healthcare services performed by licensed medical
professionals at the applicable clinics as it deems, in its sole
discretion, appropriate and in accordance with all applicable
California state and Federal laws and regulations.  SC Laser Inc.
will employ and pay the medical staff providing the services under
the MSA.  Pursuant to the MSA, patient payables are deposited into
the bank account of SC Laser Inc., and the Company will prepare and
make payments on behalf of SC Laser Inc. with respect to employee
salaries, employment taxes and employee benefits, among other
payables.

The Company has responsibility for most of the operations of the
business conducted at its California clinics, except for the
dispensing of patient care services, in accordance with California
state law.  The Company does not own any equity in SC Laser Inc.,
and does not economically benefit from any increase in the value of
SC Laser Inc.  The Company provides services under the MSA to all
four of its California clinics.  Pursuant to the MSA, the Company
has the exclusive right to manage any other practice sites operated
by SC Laser Inc.  Following are certain of the material terms of
the MSA:

   Term: A two-year initial term commencing on May 3, 2015, and
   ending on May 2, 2017, with automatic two year renews
   thereafter unless either party notifies the other party not
   less that 120 days prior to the end of the then current term of

   its intention to not renew the MSA.

   Fee: A management services fee to the Company of 70% of the
   gross revenues of SC Laser Inc. which is reduced by (i) $1,250
   per month for each clinic that the Company is managing under
   the MSA, (ii) $1,666.66 per month, and (iii) for the first 18
   months of the MSA, an additional $8,333.33.

   Intellectual Property License: SC Laser Inc. has a nonexclusive
   revocable license to use the name "Dr. Tattoff" owned by the
   Company.

   Security Interest: The Company has the right to require SC
   Laser Inc. to execute a security agreement pursuant to which
   the Company would have a security interest in the gross
   revenues, accounts receivable, cash and other accounts of the
   businesses, securing the payment and performance of the
   obligations of SC Laser Inc. under the MSA.

Effective as of May 2, 2015, the Amended and Restated Management
Services Agreement effective Jan. 1, 2010, between William Kirby
D.O., Inc. and Dr. Tattoff, Inc. was terminated by mutual
agreement.  The parties decided to terminate the agreement since
Dr. Kirby decided to explore other career opportunities and spend
more time with his family.  There were no early termination
penalties incurred by the Company.

Under that agreement, the Company provided certain non-medical
management, administrative, marketing and support services and
equipment as an independent contractor to the practice sites where
William Kirby, D.O., Inc. provided or supervised laser tattoo and
hair removal services.  Under that agreement, William Kirby, D.O.,
Inc. retained sole responsibility for, and complete authority,
supervision and control over, the provision of professional
healthcare services performed by licensed medical professionals at
the applicable clinics as it deemed, in its sole discretion,
appropriate and in accordance with all applicable California state
and Federal laws and regulations. William Kirby, D.O., Inc.
employed and paid the medical staff providing the services under
that arrangement.  Pursuant to that agreement, patient payables
were deposited into the bank account of William Kirby D.O., Inc.,
and the Company prepared and made payments on behalf of William
Kirby D.O., Inc. with respect to employee salaries, employment
taxes and employee benefits, among other payables.

The Company does not own any equity in William Kirby D.O., Inc.,
and did not economically benefit from any increase in the value of
William Kirby, D.O., Inc.  The Company provided services under that
agreement to all four of its California clinics.

                          About Dr. Tattoff

Beverly Hills, Calif.-based Dr. Tattoff, Inc., currently operates
or provides management services to five laser tattoo and hair
removal clinics located in Texas and California, all of which
operate under the Company's registered trademark "Dr. Tattoff."

Dr. Tattoff reported a net loss of $6.58 million on $4.31 million
of revenues for the year ended Dec. 31, 2014, compared with a net
loss of $4.3 million on $3.65 million of revenues for the same
period a year ago.

As of Dec. 31, 2014, the Company had $2.25 million in total assets,
$12.1 million in total liabilities and a $9.86 million total
shareholders' deficit.

SingerLewak LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company's current
liabilities exceeded its current assets by approximately $6.49
million, has a shareholders' deficit of $9.86 million, has
suffered recurring losses and negative cash flows from operations,
and has an accumulated deficit of approximately $18.3 million at
Dec. 31, 2014.  This raises substantial doubt about the Company's
ability to continue as a going concern, according to the regulatory
filing.


DTS8 COFFEE: Introduces Premium Coffee for Shanghai Market
----------------------------------------------------------
DTS8 Coffee Company, Ltd., has introduced a special, premium blend,
of "American Roast" coffee for sale in Shanghai, China.  This
"American Roast" coffee is specifically developed for the Chinese
consumer and their taste profile.  The coffees are artisan-roasted
in DTS8's roasting facility in Huzhou, Zhejiang province, China.

Mr. Alex Liang, Chairman of DTS8 added, "this 'American Roast'
coffee is refreshingly bright with sweetness, balanced perfectly
with a smooth, chocolaty note giving it a special aged character.
The coffee has proven popular during taste testing."

Mr. Sean Tan, CEO of DTS8, commented that, "according to the
Beijing Coffee Industry Association, coffee consumption growth in
China continues to increase at an annual rate of 15%, which is
about seven times the average world growth rate, thus, making China
a very  attractive coffee market."

Effective April 30, 2015, DTS8 has relinquished its 19% equity
interest in the joint venture company, established to own and
operate Cafe De La Don Manuel branded coffee shops in China.  DTS8
does not anticipate any impact to its revenue resulting from the
change.

                         About DTS8 Coffee

DTS8 Coffee Company, Ltd. (previously Berkeley Coffee & Tea, Inc.)
was incorporated in the State of Nevada on March 27, 2009.
Effective Jan. 22, 2013, the Company changed its name from
Berkeley Coffee & Tea, Inc., to DTS8 Coffee Company, Ltd.  On
April 30, 2012, the Company acquired 100 percent of the issued and
outstanding capital stock of DTS8 Holdings Co., Ltd., a
corporation organized and existing since June 2008 under the laws
of Hong Kong and which owns DTS8 Coffee (Shanghai) Co., Ltd.

DTS8 Holdings, through its subsidiary DTS8 Coffee, is a gourmet
coffee roasting company established in June 2008.  DTS8 Coffee's
office and roasting factory is located in Shanghai, China.  DTS8
Coffee is in the business of roasting, marketing and selling
gourmet roasted coffee to its customers in Shanghai, and other
parts of China.  It sells gourmet roasted coffee under the "DTS8
Coffee" label through distribution channels that reach consumers
at restaurants, multi-location coffee shops, and offices.

DTS8 Coffee incurred a net loss of $2.31 million on $310,003 of
sales for the year ended April 30, 2014, as compared with a net
loss of $1.11 million on $253,790 of sales during the prior year.

As of Jan. 31, 2015, the Company had $3.48 million in total assets,
$1.07 million in total liabilities, all current, and $2.40 million
in total stockholders' equity.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification in its report on the Company's financial statements
for the year ended April 30, 2014, citing that the Company has
suffered recurring losses from operations, which raises
substantial doubt about its ability to continue as a going
concern.


EDENOR SA: Delays Filing 2014 Form 20-F Report
----------------------------------------------
EDENOR SA filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its annual report on Form 20-F for the year ended
Dec. 31, 2014.
     
As previously disclosed on Form 6-K on March 13, 2015, the
Argentine Secretariat of Energy recently issued Resolution No.
32/2015, which provided for a temporary increase in the Company's
income as from Feb. 1, 2015, to pay for expenses incurred and
investments made in connection with the rendering of the energy
distribution utility service, subject to compliance with certain
conditions.  This increase in income does not imply an increase in
rates for service users.  The analysis of the scope of Resolution
32 and its impact on the Company has consumed significant time and
attention of senior management and personnel that is also devoted
to the preparation of the annual report on Form 20-F for the fiscal
year ended Dec. 31, 2014.  As a result of the foregoing, EDENOR was
unable to file the 2014 20-F within the prescribed time period
without unreasonable effort or expense.  It is anticipated that the
2014 20-F will be filed within 15 calendar days following the
prescribed due date.

                          About Edenor SA

Headquartered in Buenos Aires, Argentina, Edenor S.A. (NYSE: EDN;
Buenos Aires Stock Exchange: EDN) is the largest electricity
distribution company in Argentina in terms of number of customers
and electricity sold (both in GWh and Pesos).  Through a
concession, Edenor distributes electricity exclusively to the
northwestern zone of the greater Buenos Aires metropolitan area
and the northern part of the city of Buenos Aires.

As of Sept. 30, 2014, the Company had ARS7.99 billion in total
assets, ARS8.26 billion in total liabilities and a ARS267 billion
total deficit.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss of ARS1.44 billion compared to net profit of ARS792.04
million for the same period the year before.

Edenor reported profit of ARS773 million on ARS3.44 billion of
revenue from sales for the year ended Dec. 31, 2013, as compared
with a loss of ARS1.01 billion on ARS2.97 billion of revenue from
sales in 2012.  Edenor reported a net loss of ARS291 million in
2011.


EDGEBROOK BANK: Republic Bank of Chicago Assumes All Deposits
-------------------------------------------------------------
Edgebrook Bank, Chicago, Illinois, was closed by the Illinois
Department of Financial & Professional Regulation -- Division of
Banking, which appointed the Federal Deposit Insurance Corporation
(FDIC) as receiver.  To protect the depositors, the FDIC entered
into a purchase and assumption agreement with Republic Bank of
Chicago, Oak Brook, Illinois, to assume all of the deposits of
Edgebrook Bank.

The sole branch of Edgebrook Bank will reopen during normal
business hours.  Depositors of Edgebrook Bank will automatically
become depositors of Republic Bank of Chicago.  Deposits will
continue to be insured by the FDIC, so there is no need for
customers to change their banking relationship in order to retain
their deposit insurance coverage up to applicable limits.

Customers of Edgebrook Bank should continue to use their current
branch until they receive notice from Republic Bank of Chicago that
systems conversions have been completed to allow full-service
banking at all branches of Republic Bank of Chicago.

Depositors of Edgebrook Bank can continue to access their money by
writing checks or using ATM or debit cards. Checks drawn on the
bank will continue to be processed. Loan customers should continue
to make their payments as usual.

As of March 31, 2015, Edgebrook Bank had approximately $90.0
million in total assets and $90.0 million in total deposits. In
addition to assuming all of the deposits of Edgebrook Bank,
Republic Bank of Chicago agreed to purchase approximately $79.7
million of the failed bank's assets.  The FDIC will retain the
remaining assets for later disposition.

The FDIC estimates that the cost to the Deposit Insurance Fund
(DIF) will be $16.8 million.  Compared to other alternatives,
Republic Bank of Chicago's acquisition was the least costly
resolution for the FDIC's DIF.  Edgebrook Bank is the fifth
FDIC-insured institution in the nation to fail this year, and the
second in Illinois.  The last FDIC-insured institution closed in
the state was Highland Community Bank, Chicago, on January 23,
2015.



ELBIT IMAGING: Announces Availability of Annual Report
------------------------------------------------------
Elbit Imaging Ltd. announced that its annual report on Form 20-F
for the year ended Dec. 31, 2014, as filed with the U.S. Securities
and Exchange Commission on April 30, 2015, is available through its
Web site at: http://www.elbitimaging.com/under: "Investor
Relations - Financial Reports - 2015 - 20F/Form 2014".
Shareholders may receive a hard copy of the annual report free of
charge upon request.  This press release is being issued pursuant
to NASDAQ Listing Rule 5250(d).

                        About Elbit Imaging

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.

As of Dec. 31, 2014, the Company had NIS1.04 billion in total
assets, NIS812 million in total liabilities and NIS232 million in
shareholders' equity.


EMPIRE RESORTS: Posts $4.1 Million Net Loss in First Quarter
------------------------------------------------------------
Empire Resorts, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
applicable to common shares of $4.09 million on $14.5 million of
net revenues for the three months ended March 31, 2015, compared
with a net loss applicable to common shares of $5.39 million on
$14.6 million of net revenues for the same period in 2014.

As of March 31, 2015, the Company had $84.11 million in total
assets, $55.5 million in total liabilities, and $28.6 million in
total stockholders' equity.

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

                        http://is.gd/M8ogW7

                        About Empire Resorts

Based in Monticello, New York, Empire Resorts, Inc. (NASDAQ: NYNY)
-- http://www.empireresorts.com/-- owns and operates Monticello
Casino & Raceway, a video gaming machine and harness racing track
and casino located in Monticello, New York, 90 miles northwest of
New York City.

Empire Resorts reported a net loss applicable to common shares of
$24.1 million on $65.2 million of net revenues for the year ended
Dec. 31, 2014, compared to a net loss applicable to common shares
of $27.05 million on $70.96 million of net revenues in 2013.

As of Dec. 31, 2014, the Company had $39.9 million in total assets,
$57 million in total liabilities and a $17.1 million total
stockholders' deficit.


ENERGY & EXPLORATION: Bank Debt Trades at 12% Off
-------------------------------------------------
Participations in a syndicated loan under which Energy &
Exploration Partners is a borrower traded in the secondary market
at 88.30 cents-on-the-dollar during the week ended Friday, May 8,
2015, according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in The Wall Street Journal.  This represents
an increase of 1.22 percentage points from the previous week, The
Journal relates.  Energy & Exploration pays 675 basis points above
LIBOR to borrow under the facility.  The bank loan matures on Jan.
14, 2019.  Moody's and Standard & Poor's did not give a rating to
the loan.  The loan is one of the biggest gainers and losers among
257 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.



FIRST DATA: Posts $112 Million Net Loss in First Quarter
--------------------------------------------------------
First Data Corporation reported a net loss attributable to the
Company of $112 million on $2.69 billion of total revenues for the
three months ended March 31, 2015, compared with a net loss
attributable to the Company of $201 million on $2.64 billion of
total revenues for the same period in 2014.

As of March 31, 2015, the Company had $34.13 billion in total
assets, $31.7 billion in total liabilities, $78 million in
redeemable non-controlling interest and $2.35 billion in total
equity.

"Our first quarter reflected good business momentum and validated
our strategy," said Chairman and CEO Frank Bisignano.  "We continue
to invest aggressively in key areas of our business such as
distribution and new products, and are beginning to see the revenue
growth associated with those investments."

First Data also announced a strategic expense management initiative
to optimize its annualized expense base by $200 million by
mid-2016.  Anticipated restructuring costs will be $75 million,
mainly cash, and will be recognized beginning in the second quarter
of 2015.  The company will continue to invest in strategic growth
initiatives across all segments.

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

                        http://is.gd/ye0KcV

                          About First Data

Based in Atlanta, Georgia, First Data Corporation provides
commerce and payment solutions for financial institutions,
merchants, and other organizations worldwide.

First Data reported a net loss attributable to the Corporation of
$458 million on $11.2 billion of total revenues for the year ended
Dec. 31, 2014, compared with a net loss attributable to the
Corporation of $869 million on $10.8 billion of total revenues
during the prior year.


                           *     *     *

The Company carries a 'B3' corporate family rating, with a
stable outlook, from Moody's Investors Service, a 'B' corporate
credit rating, with stable outlook, from Standard & Poor's, and
a 'B' long-term issuer default rating from Fitch Ratings.


FRAC TECH: Bank Debt Trades at 15% Off
--------------------------------------
Participations in a syndicated loan under which Frac Tech Services
Ltd is a borrower traded in the secondary market at 84.96
cents-on-the-dollar during the week ended Friday, May 8, 2015,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in The Wall Street Journal.  This represents an increase
of 3.01 percentage points from the previous week, The Journal
relates.  Frac Tech pays 475 basis points above LIBOR to borrow
under the facility.  The bank loan matures on April 3, 2021, and
carries Moody's B2 rating and Standard & Poor's B rating.  The loan
is one of the biggest gainers and losers among 257 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.



FUEL PERFORMANCE: Appoints Glenn Carr as Director
-------------------------------------------------
Fuel Performance Solutions, Inc., elected Glenn Carr to its Board
of Directors, according to a Form 8-K filed with the Securities and
Exchange Commission.  Glenn Carr is the son of Rex Carr, a recently
deceased Director of the Company.

                      About Fuel Performance

Fuel Performance Solutions, Inc., was incorporated in Nevada on
April 9, 1996, by a team of individuals who sought to address the
challenges of reducing harmful emissions while at the same time
improving the operating performance of internal combustion
engines, especially with respect to fuel economy and engine
cleanliness.  After the Company's incorporation, its initial focus
was product research and development, but over the past few years,
the Company's efforts have been directed to commercializing its
product slate, primarily DiesoLiFTTM and the PerfoLiFTTM BD-
Series, for use with diesel fuel and bio-diesel fuel blends, by
focusing on marketing, sales and distribution efforts in
conjunction with our distribution partners.  On Feb. 5, 2014, the
Company changed its name from International Fuel Technology, Inc.,
to Fuel Performance Solutions, Inc.

Fuel Performance reported a net loss of $1.65 million on $1.72
million of net revenues for the year ended Dec. 31, 2014, compared
with a net loss of $1.39 million on $704,000 of net revenues for
the year ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $3.32 million in total assets,
$3.28 million in total liabilities, and $40,800 in total
stockholders' equity.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, noting that the Company has suffered recurring
loss from operations and has a working capital deficit. This
factor, the auditors said, raises substantial doubt about the
Company's ability to continue as a going concern.


GEOMET INC: Ends First Quarter with $22.1 Million in Cash
---------------------------------------------------------
GeoMet, Inc., reported a net loss available to common stockholders
of $2.20 million for the quarter ended March 31, 2015, compared
with a net loss available to common stockholders of $396,000 for
the same period a year ago.

For the quarter ended March 31, 2015, GeoMet reported no income
from discontinued operations.  For the quarter ended March 31,
2014, GeoMet reported income from discontinued operations of $2
million, or $0.05 per fully diluted share.

As of March 31, 2015, the Company had $22.2 million in total
assets, $170,000 in total liabilities, $50.1 million in series A
convertible redeemable preferred stock and a $28.1 million total
stockholders' deficit.

On May 12, 2014, GeoMet closed the sale of substantially all of its
remaining assets.  As a result of the Asset Sale, all operating
activities are presented as discontinued operations in the
Condensed Consolidated Statements of Operations (Unaudited) for the
quarters ended March 31, 2015, and 2014.

As of March 31, 2015, the Company's primary asset as a public
"shell company" is cash in the amount of $22.1 million.  On a go
forward basis, the Company will continue to incur general and
administrative expenses necessary to sustain a public registrant
and professional fees while assessing corporate transaction/merger
opportunities.

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

                        http://is.gd/61z4aa

                         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.

As reported by the TCR on Feb. 20, 2015, GeoMet said it has no
operations and minimal assets, which raises substantial doubt about
its ability to return any additional value to its stockholders.
The Company added it may file a plan of dissolution if it cannot
consummate a corporate transaction/merger prior to the third
quarter of 2015.


GETTY IMAGES: Bank Debt Trades at 15% Off
-----------------------------------------
Participations in a syndicated loan under which Getty Images Inc.
is a borrower traded in the secondary market at 85.06
cents-on-the-dollar during the week ended Friday, May 8, 2015,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in The Wall Street Journal.  This represents a decrease of
1.71 percentage points from the previous week, The Journal relates.
The Company pays 350 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Oct. 14, 2019, and carries
Moody's B2 rating and Standard & Poor's B rating.  The loan is one
of the biggest gainers and losers among widely-quoted syndicated
loans in secondary trading in the week ended Friday among the 257
loans with five or more bids. All loans listed are B-term, or sold
to institutional investors.



GOURT 3 INC: Case Summary & 13 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Gourt 3, Inc.
           aka YOGURFIT
           aka GOURT 1, INC
           aka GOURT 7, INC
           aka GOURT 2, INC
           aka GOURT 4, INC
           aka GOURT 8, INC
           aka GOURT 6, INC
           aka GOURT 5, INC
        PMB 145
        PO BOX 194000
        San Juan, PR 00919-4000

Case No.: 15-03462

Chapter 11 Petition Date: May 7, 2015

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Antonio A Arias Larcada, Esq.
                  MCCONNELL VALDES, LLC
                  PO BOX 364225
                  San Juan, PR 00936-4225
                  Tel: 787 250-5604
                  Fax: 787 759-2771
                  Email: aaa@mcvpr.com

                     - and -

                  Lina M Soler-Rosario, Esq.
                  MCCONNELL VALDES, LLC
                  PO BOX 364225
                  San Juan, PR 00936
                  Tel: 787-250-5812
                  Fax: 787-759-2737
                  Email: lms@mcvpr.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael Kinnunen, president.

A list of the Debtor's 13 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb15-03462.pdf


GREAT PLAINS: Bid to Sell Pa. Equipment, Vehicle Meets Opposition
-----------------------------------------------------------------
Guy C. Fustine, Chapter 11 Trustee for Great Plains Exploration,
LLC, asks the U.S. Bankruptcy Court for the Western District of
Pennsylvania for authority to sell personal property, including
equipment and vehicles owned by the Debtor and/or its Debtor
affiliate, Oz Gas, Ltd.

The Chapter 11 Trustee seeks sell the excess equipment and vehicles
at public auction.  The Chapter 11 Trustee has determined that
certain pieces of equipment and certain vehicles are no longer
necessary for the operation of the business on a going-forward
basis.

The Assets are divided into three groups based on their current
location: one group of assets is located in Tidioute, Pennsylvania;
one group of assets is located in Mentor, Ohio; and, one group of
assets is located in Winifred, Montana.

SG Equipment Finance USA Corp. objects to the Chapter 11 Trustee's
motion to sell, claiming that the motion incorrectly states that
"Wells Fargo has a lien noted on the Ohio Certificate of Title for
the Beaver Tail Trailer . . ."  According to SGEF, the Beaver Tail
Trailer was assigned by Wells Fargo to SGEF as evidenced by the
"Replacement" Ohio Certificate of Title, dated February 3, 2012,
which identifies SGEF as the "First Lienholder."

Richard M. Osborne, individually and as trustee of a revocable
trust, Osair, Inc., and Mentor Equipment Rental LLC, also objects
to the approval of the Chapter 11 Trustee's motion on the ground
that a portion of the property that does not belong to the Debtor
is being included in the proposed sale.

The Chapter 11 Trustee is represented by:

        Guy C. Fustine, Esq.
        KNOX MCLAUGHLIN GORNALL & SENNETT, P.C.
        120 West Tenth Street
        Erie, PA 16501-1461
        Tel: (814)459-2800
        Email: gfustine@kmgslaw.com

SG Equipment Finance USA Corp. is represented by:

        Erica Koehl, Esq.
        BABST, CALLAND, CLEMENTS AND ZOMNIR, P.C.
        Two Gateway Center
        Pittsburgh, PA 15222
        Tel: (412) 773-8706
        Fax: (412) 773-8746
        Email: ekoehl@babstcalland.com

          -- and –-

        Michael Tsang, Esq.
        THE TSANG LAW FIRM, P.C.
        40 Wall Street, 26th Floor
        New York, NY 10005
        Tel: (212) 227-2246
        Fax: (212) 227-2265
        Email: mtsang@tsanglawfirm.com

Mr. Osborne is represented by:
        Daniel P. Foster, Esq.
        Ronald E. Cook, Esq.
        FOSTER LAW OFFICES LLC
        P.O. Box 966
        Meadville, PA 16335
        Tel: (814) 724-1165
        Email: dan@mrdebtbuster.com
               ronald@mrdebtbuster.com

           -- and --
        Richard A. Baumgart, Esq.
        DETTELBACH, SICHERMAN & BAUMGART LPA
        1801 E. 9th St., Suite 1100
        Cleveland, OH 44114-3169
        Tel: (216) 696-6000
        Fax: (216) 696-3338
        Email: rbaumgart@dsb-law.com

                    About John D. Oil & Gas;
              OZ Gas; and Great Plains Exploration

Mentor, Ohio-based John D. Oil & Gas Co., is in the business of
acquiring, exploring, developing, and producing oil and natural
gas in Northeast Ohio.  The Company has 58 producing wells.  The
Company also has one self storage facility located in Painesville,
Ohio.  The self-storage facility is operated through a partnership
agreement between Liberty Self-Stor Ltd. and the Company.

John D. Oil's affiliated entities -- Oz Gas, LTD., and Great
Plains Exploration, LLC -- filed voluntary Chapter 11 petitions
(Bankr. W.D. Pa. Case Nos. 12-10057 and 12-10058) on Jan. 11,
2012.  Two days later, John D. Oil filed its own Chapter 11
petition (Bankr. W.D. Pa. Case No. 12-10063).

On Nov. 21, 2011, at the request of the lender RBS Citizens, N.A.,
dba Charter One, a receiver was appointed for all three corporate
Debtors, in the United States District Court for the Northern
District of Ohio at case No. 11-cv-2089-CAB.  District Judge
Christopher A. Boyko issued an order appointing Mark E. Dottore as
receiver.  The Receivership Order was appealed to the Sixth
Circuit Court of Appeals on Dec. 19, 2011, and the appeal is
currently pending.

Judge Thomas P. Agresti oversees the Chapter 11 cases.  Robert S.
Bernstein, Esq., at Bernstein Law Firm P.C., serves as counsel to
the Debtors.  Each of Great Plains and Oz Gas estimated $10
million to $50 million in assets and debts.  John D. Oil's balance
sheet at Dec. 31, 2011, showed $6.98 million in total assets,
$13.26 million in total liabilities, and a stockholders' deficit
of $6.28 million.  The petitions were signed by Richard M.
Osborne, CEO.

The United States Trustee said a committee under 11 U.S.C. Sec.
1102 has not been appointed because no unsecured creditor
responded to the U.S. Trustee's communication for service on the
committee.


GREENSHIFT CORP: Viridis Swaps Restricted Shares for Common Shares
------------------------------------------------------------------
Viridis Capital, LLC, by agreement with the GreenShift Board of
Directors, exchanged one billion restricted shares of GreenShift
common stock for 7,161 shares of Series D Preferred Stock,
according to a Form 8-K filed with the Securities and Exchange
Commission.  

Kevin Kreisler, the sole director and CEO of GreenShift
Corporation, is the managing member of Viridis Capital, LLC.
Viridis Capital, LLC acquired the one billion shares in December
2014 by converting 7,161 shares of Series D Preferred Stock.

Upon cancellation of the one billion common shares, there were
1,465,230,570 shares of common stock outstanding.

                    About Greenshift Corporation

Headquartered in New York, GreenShift Corporation develops and
commercializes clean technologies designed to integrate into and
leverage established production and distribution infrastructure to
address the financial and environmental needs of its clients by
decreasing raw material needs, facilitating co-product reuse, and
reducing waste and emissions.

Greenshift reported net income of $1.97 million on $12.8 million of
total revenue for the year ended Dec. 31, 2014, compared to a net
loss of $4.43 million on $15.5 million of total revenue for the
year ended Dec. 31, 2013.  As of Dec. 31, 2014, Greenshift had
$2.08 million in total assets, $41.8 million in total liabilities
and a $39.7 million total stockholders' deficit.


GT ADVANCED: Online Auctions for Sapphire Assets to Start May 22
----------------------------------------------------------------
Judge Henry J. Borroff authorized GT Advanced Technologies Inc. to
conduct a series of online auctions beginning May 22, 2015, for
various assets related to its defunct sapphire business.  The judge
approved Cunningham & Associates, Inc., as auctioneer.

The assets to be auctioned include machinery, equipment, tools,
furniture, electronics and other miscellaneous goods that the
Debtors are currently storing in Arizona, Massachusetts and New
Hampshire.  In connection with its sapphire manufacturing and
production business, GTAT had acquired a significant quantity of
machinery, equipment, tools, and other miscellaneous assets.
GTAT has already exited the sapphire growth and production
business.

The court-approved bid procedures provide:

   -- C&A will notify parties in interest and advertise each online
auction at least 10 days before an auction is scheduled to begin.

   -- GTAT will hold a series of advertised online auctions over
the next several months beginning on or about May 22, 2015, ,and
each online auction will last for 5 days.

   -- An interested party who wants to join the online auction will
be required to deposit $250 with C&A.

   -- C&A will be compensated 10% of individual auction lots that
sell for more than $20,000, 15% of individual auction lots that
sell for $1,000.01 $19,999.99, and 20% of individual auction lots
that sell for $1,000.00 or less (the "Broker Commission"). In
addition to the amount of the winning bid, the winning bidder shall
pay an 18% buyer's premium (the "Buyer's Premium") directly to C&A.
The Broker Commission shall be paid out of the Buyer's Premium.

               About GT Advanced Technologies

Headquartered in Merrimack, New Hampshire, GT Advanced
Technologies Inc. -- http://www.gtat.com/-- produces materials and
equipment for the electronics industry.  On Nov. 4, 2013, GTAT
announced a multiyear supply deal with Apple Inc. to produce
sapphire glass material for use in consumer electronics products.

Under the deal, Apple would provide GTAT with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, GTAT would reimburse Apple for the prepayment over a
five-year period.

GT is a publicly held corporation whose stock was traded on NASDAQ
under the ticker symbol "GTAT."  GTAT was de-listed from the NASDAQ
stock exchange in October 2014.

As of June 28, 2014, the GTAT Group's unaudited and consolidated
financial statements reflected assets totaling $1.5 billion and
liabilities totaling $1.3 billion.  As of Sept. 29, 2014, GTAT had
$85 million in cash, $84 million of which is unencumbered.

On Oct. 6, 2014, GT Advanced Technologies and eight affiliates
filed voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. D.N.H. Lead Case No. 14-11916).  GT
sought bankruptcy protection due to a severe liquidity crisis
brought about by its issues with Apple.

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.

The U.S. Trustee has named seven members to the Official Committee
of Unsecured Creditors.  The Committee' professionals are Kelley
Drye as its bankruptcy counsel; Devine, Millimet & Branch,
Professional Association as local counsel; EisnerAmper LLP as
financial advisors; and Houlihan Lokey Capital, Inc. as investment
banker.

GTAT has reached a settlement with Apple.  The settlement gives
Apple an approved claim for $439 million secured by more than 2,000
sapphire furnaces that GT Advanced owns and has four years to sell,
with proceeds going to Apple.  In addition, Apple gets
royalty-free, non-exclusive licenses for GTAT's technology.


GT ADVANCED: Proposes Global Settlement with Meyer Burger
---------------------------------------------------------
GT Advanced Technologies Inc. and its affiliated debtors ask the
U.S. Bankruptcy Court for the District of New Hampshire to approve
a global settlement with Meyer Burger AG, Diamond Materials Tech,
Inc. and MBT Systems Ltd.

Prior to the Petition Date, Meyer Burger provided GTAT with several
millions of dollars of machinery, equipment, parts, materials,
consumables, products, accessories, tooling, diamond wire, and
other items -- "MB Equipment" -- which principally consisted of
sapphire cutting tools and related parts and materials, including
diamond wire. The MB Equipment was deployed by GTAT in its sapphire
growth project with Apple to cut and process sapphire boules grown
in its advanced sapphire furnaces -- "ASF Furnaces" -- at the Mesa
facility.

GTAT is now in the process of winding down its sapphire growth
operations and marketing its ASF Furnaces for sale. In connection
with the wind-down process, GTAT is also seeking to monetize the
various fabrication equipment and related materials that are of no
further use to GTAT's remaining operations going forward, including
the MB Equipment.  Meyer Burger has asserted, however, that certain
of the MB Equipment, namely 18 units of Brickmaster BM 860s
provided to GTAT (which Meyer Burger asserts have a value of almost
$12 million), is property of Meyer Burger.

After intensive, hard-fought negotiations, GTAT has reached a
global settlement with Meyer Burger that, among other things,
resolves -- in GTAT Corp.'s favor -- the ownership dispute with
respect to the Brickmasters.  At the same time, Meyer Burger waives
all reclamation demands against GTAT (with an aggregate amount in
excess of $3.7 million) and all administrative expense claims
against GTAT (with an aggregate amount in excess of $1.3 million).
Under the Settlement Agreement, Meyer Burger's sole remaining claim
against the estates is an allowed general unsecured claim in the
aggregate amount of approximately $34.8 million against GTAT Corp.
-- which represents a material reduction of the more than $48.6
million in claims asserted by Meyer Burger.

G. Alexander Bongartz, Esq., at Paul Hastings LLP, explains that by
resolving all ownership disputes with respect to the MB Equipment,
the Settlement Agreement clears the path for GTAT to market and
sell the MB Equipment.  The Settlement Agreement avoids the
substantial costs and potentially lengthy litigation with Meyer
Burger over the ownership of the Brickmasters (possibly in a Swiss
court), during which time GTAT would effectively be precluded from
selling the Brickmasters.  Moreover, there is no
guarantee that GTAT would ultimately prevail and, if it did prevail
in such litigation, of what damages would be. By resolving this
dispute consensually, the Settlement Agreement also frees
senior management to focus its energy on selling ASF Furnaces and
transitioning GTAT's business to the "new GTAT."

While the Settlement Agreement provides Meyer Burger with a
significant allowed general unsecured claim against GTAT Corp.,
that claim reflects, in substantial part, claims for equipment and
materials that GTAT Corp. ordered and/or received (but did not
fully pay for) and damages claims for equipment and materials in
Meyer Burger's supply chain as a result of, in some instances,
unfulfilled purchase orders and/or forecasts provided by GTAT Corp.
Absent the Settlement Agreement, GTAT would object to some or all
of these and other claims; however, GTAT submits that the allowance
of a general unsecured claim against GTAT Corp. in the above amount
is fair and reasonable in light of the substantial benefits to be
received under the Settlement Agreement -- most importantly, the
resolution of all ownership disputes with respect to the MB
Equipment and the elimination of all reclamation and administrative
expense claims.

Finally, while GTAT believes that it also has viable counterclaims
against Meyer Burger, including for breach of contract and breach
of warranty, the size of damages that would be awarded on account
of such counterclaims is uncertain.  Therefore, GTAT believes that
it is also appropriate to provide Meyer Burger with a global
release under the Settlement Agreement.

               About GT Advanced Technologies

Headquartered in Merrimack, New Hampshire, GT Advanced
Technologies Inc. -- http://www.gtat.com/-- produces materials and
equipment for the electronics industry.  On Nov. 4, 2013, GTAT
announced a multiyear supply deal with Apple Inc. to produce
sapphire glass material for use in consumer electronics products.

Under the deal, Apple would provide GTAT with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, GTAT would reimburse Apple for the prepayment over a
five-year period.

GT is a publicly held corporation whose stock was traded on NASDAQ
under the ticker symbol "GTAT."  GTAT was de-listed from the NASDAQ
stock exchange in October 2014.

As of June 28, 2014, the GTAT Group's unaudited and consolidated
financial statements reflected assets totaling $1.5 billion and
liabilities totaling $1.3 billion.  As of Sept. 29, 2014, GTAT had
$85 million in cash, $84 million of which is unencumbered.

On Oct. 6, 2014, GT Advanced Technologies and eight affiliates
filed voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. D.N.H. Lead Case No. 14-11916).  GT
sought bankruptcy protection due to a severe liquidity crisis
brought about by its issues with Apple.

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.

The U.S. Trustee has named seven members to the Official Committee
of Unsecured Creditors.  The Committee' professionals are Kelley
Drye as its bankruptcy counsel; Devine, Millimet & Branch,
Professional Association as local counsel; EisnerAmper LLP as
financial advisors; and Houlihan Lokey Capital, Inc. as investment
banker.

GTAT has reached a settlement with Apple.  The settlement gives
Apple an approved claim for $439 million secured by more than 2,000
sapphire furnaces that GT Advanced owns and has four years to sell,
with proceeds going to Apple.  In addition, Apple gets
royalty-free, non-exclusive licenses for GTAT's technology.


GT ADVANCED: Reaches Deal with Kerry on Release of Equipment
------------------------------------------------------------
GT Advanced Technologies Ltd. ("GT Hong Kong") won approval from
the U.S. Bankruptcy Court for the District of New Hampshire of a
stipulation with Kerry Logistics (Hong Kong) Ltd. for the return of
certain equipment store at Kerry's warehouses.

On Jan. 14, 2015, Kerry Logistics filed Proof of Claim No. 590
against GT Hong Kong asserting a general unsecured claim in the
amount of $901,244 for charges related to the warehousing of
certain of GT Hong Kong's equipment (the "Warehoused Goods") in
Kerry Logistic's warehouses.

Subsequent to the filing of Claim 590, Kerry Logistics asserted
that the warehousing charges are secured by liens on the Warehoused
Goods.  Kerry Logistics has informed GTAT that Kerry Logistics
intends to amend Claim 590 to reflect the alleged secured status of
that claim.

GT Hong Kong requires access to the Warehoused Goods located in
Kerry Logistics' warehouses pending a resolution of the Warehousing
Charges as claims against the estates.

GTAT disputes, among other things, the validity, extent, and
priority of Kerry Logistic's alleged lien in the Warehoused Goods.

Following negotiations, the parties agreed that:

    -- GT Hong Kong will deposit US$901,244 into a newly created,
segregated account located in the United States (the "Adequate
Protection Account").  The funds deposited will remain in the
account pending further order from the Court or agreement by the
Parties.

    -- Kerry Logistics releases any and all liens, claims,
encumbrances, and interests it may have in the Warehoused Goods,
and Kerry Logistics will provide GT Hong Kong full access to the
Warehoused Goods during regular business hours.

    -- GT Hong Kong grants Kerry Logistics a fully perfected
replacement lien on the funds deposited in Adequate Protection
Account to secure GT Hong Kong's obligations in respect of the
Warehouse Charges asserted by Kerry Logistics.

               About GT Advanced Technologies

Headquartered in Merrimack, New Hampshire, GT Advanced
Technologies Inc. -- http://www.gtat.com/-- produces materials and
equipment for the electronics industry.  On Nov. 4, 2013, GTAT
announced a multiyear supply deal with Apple Inc. to produce
sapphire glass material for use in consumer electronics products.

Under the deal, Apple would provide GTAT with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, GTAT would reimburse Apple for the prepayment over a
five-year period.

GT is a publicly held corporation whose stock was traded on NASDAQ
under the ticker symbol "GTAT."  GTAT was de-listed from the NASDAQ
stock exchange in October 2014.

As of June 28, 2014, the GTAT Group's unaudited and consolidated
financial statements reflected assets totaling $1.5 billion and
liabilities totaling $1.3 billion.  As of Sept. 29, 2014, GTAT had
$85 million in cash, $84 million of which is unencumbered.

On Oct. 6, 2014, GT Advanced Technologies and eight affiliates
filed voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. D.N.H. Lead Case No. 14-11916).  GT
sought bankruptcy protection due to a severe liquidity crisis
brought about by its issues with Apple.

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.

The U.S. Trustee has named seven members to the Official Committee
of Unsecured Creditors.  The Committee' professionals are Kelley
Drye as its bankruptcy counsel; Devine, Millimet & Branch,
Professional Association as local counsel; EisnerAmper LLP as
financial advisors; and Houlihan Lokey Capital, Inc. as investment
banker.

GTAT has reached a settlement with Apple.  The settlement gives
Apple an approved claim for $439 million secured by more than 2,000
sapphire furnaces that GT Advanced owns and has four years to sell,
with proceeds going to Apple.  In addition, Apple gets
royalty-free, non-exclusive licenses for GTAT's technology.


GYMBOREE CORP: Bank Debt Trades at 23% Off
------------------------------------------
Participations in a syndicated loan under which Gymboree Corp is a
borrower traded in the secondary market at 77.15 cents-on-the-
dollar during the week ended Friday, May 8, 2015, according to data
compiled by LSTA/Thomson Reuters MTM Pricing and reported in The
Wall Street Journal.  This represents an decrease of 1.15
percentage points from the previous week, The Journal relates.
Gymboree Corp pays 350 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Feb. 23, 2018.  The bank debt
carries Moody's B2 and Standard & Poor's B- rating.  The loan is
one of the biggest gainers and losers among 257 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.



HALCON RESOURCES: Closes $700 Million Senior Notes Offering
-----------------------------------------------------------
Halcon Resources Corporation closed a private placement of $700
million in aggregate principal amount of the Company's 8.625%
Senior Secured Notes due 2020 pursuant to the Purchase Agreement,
dated as of April 21, 2015, by and among the Company, certain
subsidiaries of the Company, and J.P. Morgan Securities LLC, on
behalf of the initial purchasers.  

The Notes were issued at 100.0% of their face value amount for net
proceeds of approximately $687.8 million after deducting the
Initial Purchasers' discounts and commissions and estimated
offering expenses.  The Notes were offered and sold in accordance
with exemptions from the registration requirements of the
Securities Act of 1933, as amended, afforded by Rule 144A and
Regulation S under the Securities Act.

The Notes are governed by an Indenture, dated as of May 1, 2015, by
and among the Company, the Guarantors and U.S. Bank National
Association, as Trustee, which contains affirmative and negative
covenants that, among other things, limit the ability of the
Company and the Guarantors to incur indebtedness; purchase or
redeem stock or subordinated indebtedness; make investments; create
liens; enter into transactions with affiliates; sell assets;
refinance certain indebtedness; merge with or into other companies
or transfer substantially all of their assets; and, in certain
circumstances, to pay dividends or make other distributions on
stock.  The Indenture also contains customary events of default.
Upon the occurrence of certain events of default, the Trustee or
the holders of the Notes may declare all outstanding Notes to be
due and payable immediately.  The Notes are fully and
unconditionally guaranteed on a senior basis by the Guarantors and
by certain future subsidiaries of the Company.

Interest is payable on the Notes on February 1 and August 1 of each
year, beginning on Aug. 1, 2015.  The Notes will mature on Feb. 1,
2020.

Intercreditor Agreement

On May 1, 2015, the Collateral Trustee and JPMorgan Chase Bank,
N.A. entered into an intercreditor agreement to govern the
relationship of noteholders and holders of other parity lien debt
(if any), the lenders under the Company's revolving credit facility
and holders of other priority lien debt (if any) and holders of the
Company's junior lien debt (if any) with respect to Collateral and
certain other matters.

Collateral Trust Agreement

On May 1, 2015, in connection with the Indenture, the Company, the
Guarantors, the Trustee, the other Parity Lien Debt Representatives
from time to time party thereto and U.S. Bank National Association,
as the collateral trustee, entered into a collateral trust
agreement pursuant to which the Collateral Trustee will receive,
hold, administer, maintain, enforce and distribute the proceeds of
all liens upon any property of the Company, or any Guarantor at any
time held by it, in trust for the benefit of the current and future
holders of the parity lien obligations.

Amendment to Credit Agreement

On May 1, 2015, in conjunction with the issuance of the Notes, the
Company entered into the Tenth Amendment to the Senior Revolving
Credit Agreement by and among the Company, as borrower, JPMorgan
Chase Bank, N.A., as administrative agent, and the lenders
signatory thereto.  The Amendment, among other things, permitted
the Company to incur the debt under the Notes and to grant the
liens in connection therewith; replaced the prior interest coverage
ratio covenant that had been modified in the Ninth Amendment to the
Credit Facility with a covenant that requires the ratio of the
Company's total secured debt to EBITDA be no greater than 2.75 to
1.00; reduced the borrowing base to $900 million; and extended the
maturity date of the Credit Facility to Aug. 1, 2019.

A full-text copy of the Form 8-K report is available for free at:

                       http://is.gd/LHUFfw

                      About Halcon Resources

Halcon Resources Corporation acquires, produces, explores and
develops onshore liquids-rich assets in the United States.  This
independent energy company operates in the Bakken/Three Forks, El
Halcon and Tuscaloosa Marine Shale formations.

As of Sept. 30, 2014, Halcon Resources had $5.93 billion in total
assets, $3.59 billion in total liabilities, $111 million in
redeemable noncontrolling interest, and $1.51 billion in total
stockholders' equity.

                          *     *      *

As reported by the TCR on Jan. 27, 2015, Moody's Investors Service
downgraded Halcon's Corporate Family Rating to 'Caa1' from 'B3' and
the Probability of Default Rating to 'Caa1-PD' from 'B3-PD'.  The
downgrade reflects growing risk for Halcon's business profile
because of high financial leverage and limited liquidity as its
existing hedges roll-off and stop contributing to its borrowing
base over the next 12-18 months.

The TCR reported on May 6, 2015, that Standard & Poor's Ratings
Services lowered its corporate credit rating on Houston-based
Halcon Resources Corp. to 'SD' from 'CCC+'.  "The downgrade follows
Halcon's announcement that it has concluded an agreement with
holders of portions of its senior unsecured notes to exchange the
notes for common stock," said Standard & Poor's credit analyst Ben
Tsocanos.


HALCON RESOURCES: Posts $601 Million Net Loss in First Quarter
--------------------------------------------------------------
Halcon Resources Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
available to common stockholders of $601 million on $136 million of
total operating revenues for the three months ended March 31, 2015,
compared with a net loss available to common stockholders of $77.9
million on $275 million of total operating revenues for the same
period in 2014.

As of March 31, 2015, Halcon had $5.8 billion in total assets,
$4.49 billion in total liabilities, $126 million in redeemable
noncontrolling interest, and $1.18 billion in total stockholders'
equity.

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

                        http://is.gd/Lit5WW

                       About Halcon Resources

Halcon Resources Corporation acquires, produces, explores and
develops onshore liquids-rich assets in the United States.  This
independent energy company operates in the Bakken/Three Forks, El
Halcon and Tuscaloosa Marine Shale formations.

                          *     *      *

As reported by the TCR on Jan. 27, 2015, Moody's Investors Service
downgraded Halcon's Corporate Family Rating to 'Caa1' from 'B3' and
the Probability of Default Rating to 'Caa1-PD' from 'B3-PD'.  The
downgrade reflects growing risk for Halcon's business profile
because of high financial leverage and limited liquidity as its
existing hedges roll-off and stop contributing to its borrowing
base over the next 12-18 months.

The TCR reported on May 6, 2015, that Standard & Poor's Ratings
Services lowered its corporate credit rating on Houston-based
Halcon Resources Corp. to 'SD' from 'CCC+'.  "The downgrade follows
Halcon's announcement that it has concluded
an agreement with holders of portions of its senior unsecured notes
to exchange the notes for common stock," said Standard & Poor's
credit analyst Ben Tsocanos.


HARTWELL FARMS: Case Summary & 4 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Hartwell Farms, LLC
        2600 FM 2815
        Bonham, TX 75418

Case No.: 15-40855

Chapter 11 Petition Date: May 7, 2015

Court: United States Bankruptcy Court
       Eastern District of Texas (Sherman)

Judge: Hon. Brenda T. Rhoades

Debtor's Counsel: Robert T. DeMarco, Esq.
                  DEMARCO-MITCHELL, PLLC
                  1255 West 15th St., 805
                  Plano, TX 75075
                  Tel: 972-578-1400
                  Fax: 972-346-6791
                  Email: robert@demarcomitchell.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Waymon Scott Hartwell, president.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/txeb15-40855.pdf


ICTS INTERNATIONAL: History of Losses Raises Going Concern Doubt
----------------------------------------------------------------
ICTS International, N.V., filed with the Securities and Exchange
Commission its annual report on Form 20-F disclosing net income of
$1.43 million on $173 million of revenue for the year ended Dec.
31, 2014, compared with a net loss of $3.43 million on $124 million
of revenue for the year ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $35.0 million in total assets,
$74.1 million in total liabilities, and a $39.1 million total
shareholders' deficit.

As of Dec. 31, 2014 and 2013, the Company had cash on hand of $6
million and $3.1 million, respectively, not including restricted
cash of $4.8 million and $7 million as of Dec. 31, 2014, and 2013,
respectively.

Mayer Hoffman McCann CPAs, in New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has a history of
losses from continuing operations, negative cash flows from
operations and a working capital and shareholders' deficit.
Collectively, these conditions raise substantial doubt about the
Company's ability to continue as a going concern.

A full-text copy of the Form 20-F is available for free at:

                         http://is.gd/vEwlfI

                      About ICTS International

ICTS International N.V. is a public limited liability company
organized under the laws of The Netherlands in 1992.

ICTS specializes in the provision of aviation security and other
aviation services.  Following the taking of its aviation security
business in the United States by the TSA in 2002, ICTS, through
its subsidiary Huntleigh U.S.A. Corporation, engages primarily in
non-security related activities in the USA.

ICTS, through I-SEC International Security B.V., supplies aviation
security services at airports in Europe and the Far East.

In addition, I-SEC Technologies B.V. including its subsidiaries
develops technological systems and solutions for aviation and non?
aviation security.


INERGETICS INC: MSLO Terminates License Agreement
-------------------------------------------------
Inergetics, Inc., received a letter dated April 16, 2015, from
Martha Stewart Living Omnimedia, Inc., terminating the license
agreement dated May 7, 2013, between the parties.  

The Company's management made the decision not to make payments
under the Agreement.  Pursuant to the Notice, the Agreement will
terminate on May 16, 2015.  There is a six month period for the
Company to sell through product inventory.  The Company will
continue to support sales and marketing during this period.

During the last quarter of 2014 and the fiscal year ended Dec. 31,
2014, sales of products under the Agreement represented,
respectively, approximately 20% and 52% of total sales.
Accordingly, management does not believe that the termination of
the Agreement will have a material adverse effect.

                       About Inergetics Inc.

Paramus, N.J.-based Inergetics, Inc., formerly Millennium
Biotechnologies Group, Inc., is a holding company for its
subsidiary Millennium Biotechnologies, Inc.  Millennium is a
research based bio-nutraceutical corporation involved in the field
of nutritional science.  Millennium's principal source of revenue
is from sales of its nutraceutical supplements, Resurgex Select(R)
and Resurgex Essential(TM) and Resurgex Essential Plus(TM) which
serve as a nutritional support for immuno-compromised individuals
undergoing medical treatment for chronic debilitating diseases.
Millennium has developed Surgex for the sport nutritional market.
The Company's efforts going forward will focus on sales of Surgex
in powder, bar and ready to drink forms.

Inergetics reported a net loss applicable to common shareholders of
$9.48 million on $1.99 million of net sales for the year ended Dec.
31, 2014, compared to a net loss applicable to common shareholders
of $5.74 million on $848,000 of net sales
for the same period in 2013.

As of Dec. 31, 2014, the Company had $1.92 million in total assets,
$12.2 million in total liabilities, $130,000 in preferred stock,
convertible series B, $8.95 million in preferred stock, convertible
series G, and a $19.3 million in total stockholders' deficit.

East Hanover, New Jersey, issued a "going concern" qualification on
the consolidated financial statements for the year ended
Dec. 31, 2014, citing that the Company has incurred substantial
accumulated deficits and operating losses and has a working capital
deficiency of $10.6 million.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


INTERNATIONAL BRIDGE: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: International Bridge Corporation
        4626 SE 85th St
        Berryton, KS 66409

Case No.: 15-20951

Type of Business: Construction/Maintenance

Chapter 11 Petition Date: May 7, 2015

Court: United States Bankruptcy Court
       District of Kansas (Kansas City)

Judge: Hon. Robert D. Berger

Debtor's Counsel: Wesley F. Smith, Esq.
                  STEVENS & BRAND, LLP
                  PO Box 189
                  900 Massachusetts, Ste. 500
                  Lawrence, KS 66044
                  Tel: (785) 843-0811
                  Fax: (785) 843-0341
                  Email: wsmith@stevensbrand.com

Debtor's          Wyattt A. Hoch
Special           FOULSTON SIEFKIN, LLP
Litigation        1551 N. Waterfront Parkway, Suite 100
Counsel:          Wichita, Kansas 67206-4466
                  Tel: (316) 291-9769
                  Fax: (866) 450-2989
                  Email: WHoch@Foulston.com

Debtor's          Robert G. Nath
Special           ROBERT G. NATH, PLLC
Tax Counsel:      1800 Old Meadow Road, Suite 117
                  McLean, Virginia 22102
                  Tel: (703) 356-5016
                  Fax: (703) 356-5019
                  Email: RobertNath@RNathLaw.com

Total Assets: $17.4 million

Total Debts: $27.4 million

The petition was signed by Robert Toelkes, president.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Metro Group                                             $34,219

Gresco Guam Refinery & Environmental                    $35,692

Port Authority of Guam                                  $36,993

Civille & Tang PLLC                                     $38,033

Miguel C Bordallo                                       $45,000

HRC                                                     $45,695

IConnect                                                $46,509

Duenas Camacho & Associates                             $56,317

G4S Security Services (Guam)                            $56,956

Foulston Siefkin LLP                                    $57,941

Island Home Ins Co.                                     $68,827

Perez Bros Inc.                                         $80,440

Tsang Brothers Corporation                              $88,883

Ambyth Shipping and Trading Co.                         $96,848

Horizon Lines                                          $159,885

Street Constr Consulting                               $376,831
8919 N 9th Avenue
Peoria, AZ 85345

AB Wonpat Int'l Airport                                $688,789
355 Chalan Pasaheru
B224-A
Tamuning, GU 96913

SAI Constructors, LLC                                $3,718,477
9400 N Broadway, Ste 300
Oklahoma City, OK 73114

International Bridge & Constr                        $4,095,875
Marianas Inc.
171 Marine Corps Dr.
Yigo, GU 96929

TOA Corporation                                      $7,756,778
SHINJUKU
Park-Tower 31F
3-7-1
Nishi-Shinjuku, Shinjuku-ku
Tokyo 163-1031
Japan


ISTAR FINANCIAL: Files Q1 Form 10-Q, Posts $22.6 Million Net Loss
-----------------------------------------------------------------
iStar Financial Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
allocable to common shareholders of $22.6 million on $113 million
of total revenues for the three months ended March 31, 2015,
compared to a net loss allocable to common shareholders of $26.6
million on $109 million of total revenues for the same period a
year ago.

As of March 31, 2015, the Company had $5.65 billion in total
assets, $4.41 billion in total liabilities, $13.2 million in
redeemable noncontrolling interests, and $1.21 billion in total
equity.

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

                         http://is.gd/c06vDt

                        About iStar Financial

New York-based iStar Financial Inc. (NYSE: SFI) provides custom-
tailored investment capital to high-end private and corporate
owners of real estate, including senior and mezzanine real estate
debt, senior and mezzanine corporate capital, as well as corporate
net lease financing and equity.  The Company, which is taxed as a
real estate investment trust, provides innovative and value added
financing solutions to its customers.

iStar Financial reported a net loss allocable to common
shareholders of $33.72 million in 2014, a net loss allocable to
common shareholders of $155.76 million in 2013 and a net loss
allocable to common shareholders of $272.99 million in 2012.

                            *     *     *

As reported by the TCR on June 26, 2014, Fitch Ratings had
affirmed the Issuer Default Rating (IDR) of iStar Financial
at 'B'.  The 'B' IDR is driven by improvements in the company's
leverage, continued demonstrated access to the capital markets and
new sources of growth capital and material reductions in non-
performing loans (NPLs).

As reported by the TCR on Oct. 5, 2012, Standard & Poor's Ratings
Services affirmed its 'B+' long-term issuer credit rating on iStar
Financial.

In October 2012, Moody's Investors Service upgraded the corporate
family rating to 'B2' from 'B3'.  The current rating reflects the
REIT's success in extending near term debt maturities and
improving fundamentals in commercial real estate.  The ratings on
the October 2012 senior secured credit facility takes into account
the asset coverage, the size and quality of the collateral pool,
and the term of facility.


KEMET CORP: Supplements Investor Presentation Data
--------------------------------------------------
KEMET Corporation has updated supplemental financial data used in
prior investor presentations to include the quarter ended March 31,
2015.  All of the information in the presentation was presented as
of May 6, 2015, and the Company does not assume any obligation to
update such information in the future.  A copy of the Supplemental
Financial Information is available at:

                         http://is.gd/NTinl0

                             About KEMET

KEMET, based in Greenville, South Carolina, is a manufacturer and
supplier of passive electronic components, specializing in
tantalum, multilayer ceramic, film, solid aluminum, electrolytic,
and paper capacitors.  KEMET's common stock is listed on the NYSE
under the symbol "KEM."

                           *     *     *

As reported by the TCR on March 26, 2013, Moody's Investors
Service downgraded KEMET Corp.'s Corporate Family Rating to 'Caa1'
from 'B2' and the Probability of Default Rating to 'Caa1-PD' from
'B2- PD' based on Moody's expectation that KEMET's liquidity will
be pressured by maturing liabilities and negative free cash flow
due to the interest burden and continued operating losses at the
Film and Electrolytic segment.

As reported by the TCR on Aug. 9, 2013, Standard & Poor's Ratings
Services lowered its corporate credit rating on KEMET to 'B-' from
'B+'.  "The downgrade is based on continued top-line and margin
pressures and lagging results from the restructuring of the Film &
Electrolytic [F&E] business, which combined with cyclical weak
end-market demand, has resulted in sustained, elevated leverage
well in excess of 5x, persistent negative FOCF, and diminishing
liquidity," said Standard & Poor's credit analyst Alfred
Bonfantini.

The TCR reported in August 2014 that S&P revised its outlook on
KEMET to 'stable' from 'negative'.  S&P affirmed the ratings,
including the 'B-' corporate credit rating.


LDK SOLAR: Ordinary Scheme Creditors Paid
-----------------------------------------
LDK Solar CO., Ltd., on May 6 disclosed that the supervisors, Tammy
Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, of
the scheme of arrangement in respect of LDK Solar designated April
27, 2015 as the payment date for all Ordinary Scheme Creditors (as
described in the LDK Solar Scheme) that elected to receive a cash
distribution under the LDK Solar Scheme.  The Scheme Supervisors
have paid all such Ordinary Scheme Creditors who provided
settlement instructions and continue to make cash distributions as
and when further settlement instructions are received.

The Scheme Supervisors also designated May 5, 2015 as the issue
date for all Ordinary Scheme Creditors that elected to receive
non-cash consideration under the LDK Solar Scheme.  All such
consideration has now been issued in accordance with the terms of
the LDK Solar Scheme.

As previously announced,

   -- the LDK Solar Scheme and the scheme of arrangement (the "LDK
Silicon Scheme") in respect of LDK Silicon & Chemical Technology
Co., Ltd. ("LDK Silicon") and the Hong Kong schemes of arrangement
in respect of LDK Solar, LDK Silicon and LDK Silicon Holding Co.,
Limited (the "Hong Kong Schemes") became effective as of
December 10, 2014;

   -- pursuant to the terms of the LDK Solar Scheme, the LDK
Silicon Scheme and the Hong Kong Schemes, the closing date for the
restructuring transactions in respect of LDK Solar's senior
noteholders and LDK Silicon's preferred shareholders occurred on
December 17, 2014; and

   -- on April 21, 2015, the provisional liquidation of the Company
was brought to a successful conclusion and the joint provisional
liquidators under the LDK Solar Scheme, the LDK Silicon Scheme and
the Hong Kong Schemes, Tammy Fu and Eleanor Fisher, both of Zolfo
Cooper (Cayman) Limited, were discharged from their duties, each
pursuant to an order of the Grand Court of the Cayman Islands.

                        About LDK Solar

LDK Solar Co., Ltd. -- http://www.ldksolar.com/-- based in Hi-Tech
Industrial Park, Xinyu City, Jiangxi Province, People's Republic of
China, is a vertically integrated manufacturer of
photovoltaic products, including high-quality and low-cost
polysilicon, solar wafers, cells, modules, systems, power projects
and solutions.

LDK Solar was incorporated in the Cayman Islands on May 1, 2006, by
LDK New Energy, a British Virgin Islands company wholly owned by
Xiaofeng Peng, LDK's founder, chairman and chief executive officer,
to acquire all of the equity interests in Jiangxi LDK Solar from
Suzhou Liouxin Industry Co., Ltd., and Liouxin Industrial Limited.

LDK Solar in February 2014 filed in the Cayman Islands for the
appointment of provisional liquidators, four days before it was due
to make a $197 million bond repayment.  Its Joint Provisional
Liquidators are Tammy Fu and Eleanor Fisher, both of Zolfo Cooper
(Cayman) Limited.

In September 2014, LDK Solar, LDK Silicon and LDK Silicon Holding
Co., Limited each applied to file an originating summons to
commence their restructuring proceedings in the High Court of Hong
Kong.

On Oct. 21, 2014 three U.S. subsidiaries of LDK Solar, LDK Solar
Systems, Inc., LDK Solar USA, Inc. and LDK Solar Tech USA, Inc.
filed voluntary petitions to reorganize under Chapter 11 of the
United States Bankruptcy Code in the United States Bankruptcy Court
for the District of Delaware. The lead case is In re LDK Solar
Systems, Inc. (Bankr. D. Del., Case No. 14-12384). On Oct. 21,
2014, LDK Solar filed a petition in the same U.S. Bankruptcy Court
for recognition of the provisional liquidation proceeding in the
Grand Court of the Cayman Islands. The Chapter 15 case is In re LDK
Solar CO., Ltd. (Bankr. D. Del., Case No. 14-12387). The U.S.
Debtors' General Counsel is Jessica C.K. Boelter, Esq., at Sidley
Austin LLP, in Chicago, Illinois. The U.S. Debtors' Delaware
counsel is Robert S. Brady, Esq., Maris J. Kandestin, Esq., and
Edmon L. Morton, Esq., at Young, Conaway, Stargatt & 73 Taylor,
LLP, in Wilmington, Delaware.  The U.S. Debtors' financial advisor
is Jefferies LLC.  The Debtors' voting and noticing agent is Epiq
Bankruptcy Solutions, LLC.

The U.S. Debtors commenced the Chapter 11 Cases in order to
implement the prepackaged plan of reorganization, with respect to
which the U.S. Debtors launched a solicitation of votes on Sept.
17, 2014, from the holders of LDK Solar's 10% Senior Notes due
2014, as guarantors of the Senior Notes, and required such holders
of the Senior Notes to return their ballots by Oct. 15, 2014.
Holders of the Senior Notes voted overwhelmingly in favor of
accepting the Prepackaged Plan.


MEDICAL ALARM: Amends Annual Report in Response to SEC Comments
---------------------------------------------------------------
Medical ALarm Concepts Holding, Inc., has filed a second amendment
to its annual report in response to comments made by the staff of
the Securities and Exchange Commission by letter dated April 20,
2015, on the presentation in the Company in its original annual
report on Form 10-K for the fiscal year ended June 30, 2014.  A
copy of the Form 10-K/A is available at http://is.gd/QbYAUn

                         About Medical Alarm

King of Prussia, Pa.-based Medical Alarm Concepts Holding, Inc.,
utilizes new technology in the medical alarm industry to provide
24-hour personal response monitoring services and related products
to subscribers with medical or age-related conditions.

Medical Alarm reported net income of $225,000 on $1.15 million of
revenue for the year ended June 30, 2014, compared to net income
of $3.18 million on $573,000 million of revenue during the prior
year.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2014.  The independent auditors noted
that the Company had working capital deficit of $636,000, a
stockholders' deficit of $2.036 million, did not generate cash
from its operations, and had operating loss for past two years.  
These circumstances, among others, raise substantial doubt about
the Company's ability to continue as a going concern, according
to the auditors.


MGM RESORTS: Land & Building Releases Restore MGM Video
-------------------------------------------------------
Land and Buildings on May 6 announced the release of a video
narrative detailing why Land and Buildings believes there is an
urgent need for change at MGM Resorts International (MGM), and how
the MGM Board has failed to address the issues that have plagued
the Company's performance.  The video can be seen at
http://www.RestoreMGM.com/

Topics addressed in the video include:

MGM's Underperformance – The Company has underperformed its peer
group by 453% since Jim Murren became Chairman and CEO in 20081.
Over these seven years MGM has incurred numerous impairment losses,
while its peers have prospered in comparison.

May Be Repeating the Same Mistakes – MGM has a track record of
bad capital allocation decisions that have hurt shareholders, in
our view, with the CityCenter development the most striking, but
not only, example reflected in the $2 billion of impairments the
Company has recorded unrelated to CityCenter since 2009 (e.g. land
on Renaissance Pointe in Atlantic City). Even though this highly
leveraged approach had the Company teetering on the brink of
bankruptcy in 2009, MGM is currently driving debt levels even
higher as it undertakes $5 billion in new developments.

The Safe Bet to Fix MGM – The 2015 election of directors presents
a fresh choice. Land and Buildings has put together a slate of new
director nominees who we believe have the expertise needed to fix

MGM:
Matt Hart, former President and COO at Hilton Hotels Corporation
Richard Kincaid, former CEO of Equity Office Properties Trust Mark
Weisman, former CFO of Oppenheimer Jonathan Litt, the Founder and
CIO of Land and Buildings

About Land and Buildings:

Land and Buildings is a registered investment manager specializing
in publicly traded real estate and real estate related securities.
Land and Buildings seeks to deliver attractive risk adjusted
returns by opportunistically investing in securities of global real
estate and real estate related companies, leveraging its investment
professionals' deep experience, research expertise and industry
relationships.

                       About MGM Resorts

MGM Resorts International (NYSE: MGM) a global hospitality company,
operating a portfolio of destination resort brands including
Bellagio, MGM Grand, Mandalay Bay and The Mirage.  The Company also
owns 51% of MGM China Holdings Limited, which owns the MGM Macau
resort and casino and is in the process of developing a gaming
resort in Cotai, and 50% of CityCenter in Las Vegas, which features
ARIA resort and casino.  For more information about MGM Resorts
International, visit the Company's
Web site at http://www.mgmresorts.com/    

MGM Resorts reported a net loss attributable to the Company of $157
million in 2013 following a net loss attributable to the Company of
$1.76 billion in 2012.

                         Bankruptcy Warning

The Company stated in its 2013 Annual Report, "The agreements
governing our senior secured credit facility and other senior
indebtedness contain restrictions and limitations that could
significantly affect our ability to operate our business, as well
as significantly affect our liquidity, and therefore could
adversely affect our results of operations.  Covenants governing
our senior secured credit facility and certain of our debt
securities restrict, among other things, our ability to:

   * pay dividends or distributions, repurchase or issue equity,
     prepay certain debt or make certain investments;

   * incur additional debt;

   * incur liens on assets;

   * sell assets or consolidate with another company or sell all
     or substantially all assets;

   * enter into transactions with affiliates;

   * allow certain subsidiaries to transfer assets; and

   * enter into sale and lease-back transactions.

Our ability to comply with these provisions may be affected by
events beyond our control.  The breach of any such covenants or
obligations not otherwise waived or cured could result in a default
under the applicable debt obligations and could trigger
acceleration of those obligations, which in turn could trigger
cross defaults under other agreements governing our long-term
indebtedness.  Any default under our senior secured credit facility
or the indentures governing our other debt could adversely affect
our growth, our financial condition, our results of operations and
our ability to make payments on our debt, and could force us to
seek protection under the bankruptcy laws."

                           *     *     *

As reported by the TCR on Nov. 14, 2011, Standard & Poor's Ratings
Services raised its corporate credit rating on MGM Resorts
International to 'B-' from 'CCC+'.   In March 2012, S&P revised the
outlook to positive from stable.

"The revision of our rating outlook to positive reflects strong
performance in 2011 and our expectation that MGM will continue to
benefit from the improving performance trends on the Las Vegas
Strip," S&P said.

In March 2012, Moody's Investors Service affirmed its B2 corporate
family rating and probability of default rating.  The affirmation
of MGM's B2 Corporate Family Rating reflects Moody's view that
positive lodging trends in Las Vegas will continue through 2012
which will help improve MGM's leverage and coverage metrics, albeit
modestly. Additionally, the company's declaration of a $400 million
dividend ($204 million to MGM) from its 51% owned Macau joint
venture due to be paid shortly will also improve the company's
liquidity profile. The ratings also consider MGM's recent bank
amendment that resulted in about 50% of its $3.5 billion senior
credit facility being extended one year from 2014 to 2015.

As reported by the TCR on Sept. 29, 2014, Fitch Ratings has
upgraded MGM Resorts International's (MGM) and MGM China Holdings
Ltd's (MGM China) IDRs to 'B+' from 'B' and 'BB' from 'BB-',
respectively.  Fitch's upgrade of MGM's IDR to 'B+' and the
Positive Outlook reflect the company's strong performance on the
Las Vegas Strip and in Macau as well as Fitch's longer-term
positive outlooks for these markets.


MGM RESORTS: Posts $170 Million Net Income in First Quarter
-----------------------------------------------------------
MGM Resorts International reported net income attributable to the
Company of $170 million on $2.33 billion of revenues for the three
months ended March 31, 2015, compared to net income attributable to
the Company of $103 million on $2.63 billion of revenues for the
same period in 2014.

As of March 31, 2015, MGM Resorts had $26.8 billion in total
assets, $19.1 billion in total liabilities, and $7.65 billion in
total stockholders' equity.

"I am pleased to report that net income attributable to MGM Resorts
increased by 65% and earnings per share increased by $0.13 year
over year.  MGM Resorts achieved Las Vegas Strip REVPAR growth of
1% over a very robust prior year quarter comparison of 14%.  Our
regional properties achieved strong EBITDA growth of 10% year over
year, while MGM China maintained market share.  With the
anticipated difficult comparison of the first quarter behind us, we
continue to see strong forward trends for the rest of the year in
Las Vegas," said Jim Murren, Chairman & CEO of MGM Resorts
International.  "We are actively improving our balance sheet with
the recent announcement of a special dividend and regular dividend
policy from CityCenter, the conversion of approximately $1.45
billion in convertible notes into equity and the agreement to amend
and extend MGM China's credit facility."

The Company's cash balance at March 31, 2015, was $2.2 billion,
which included $469 million at MGM China.  At March 31, 2015, the
Company had $2.7 billion of borrowings outstanding under its $3.9
billion senior secured credit facility and $953 million outstanding
under the $2 billion MGM China credit facility.  On April 15, 2015,
99.97% of the Company's $1.45 billion 4.25% convertible senior
notes were converted into shares of the Company's common stock.

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

                        http://is.gd/IyJXgk

                         About MGM Resorts

MGM Resorts International (NYSE: MGM) a global hospitality
company, operating a portfolio of destination resort brands
including Bellagio, MGM Grand, Mandalay Bay and The Mirage.  The
Company also owns 51% of MGM China Holdings Limited, which owns
the MGM Macau resort and casino and is in the process of
developing a gaming resort in Cotai, and 50% of CityCenter in Las
Vegas, which features ARIA resort and casino.  For more
information about MGM Resorts International, visit the Company's
Web site at www.mgmresorts.com.

MGM Resorts reported a net loss attributable to the Company of
$156.60 million in 2013 following a net loss attributable to the
Company of $1.76 billion in 2012.

                         Bankruptcy Warning

The Company stated in its 2013 Annual Report, "The agreements
governing our senior secured credit facility and other senior
indebtedness contain restrictions and limitations that could
significantly affect our ability to operate our business, as well
as significantly affect our liquidity, and therefore could
adversely affect our results of operations.  Covenants governing
our senior secured credit facility and certain of our debt
securities restrict, among other things, our ability to:

   * pay dividends or distributions, repurchase or issue equity,
     prepay certain debt or make certain investments;

   * incur additional debt;

   * incur liens on assets;

   * sell assets or consolidate with another company or sell all
     or substantially all assets;

   * enter into transactions with affiliates;

   * allow certain subsidiaries to transfer assets; and

   * enter into sale and lease-back transactions.

Our ability to comply with these provisions may be affected by
events beyond our control.  The breach of any such covenants or
obligations not otherwise waived or cured could result in a
default under the applicable debt obligations and could trigger
acceleration of those obligations, which in turn could trigger
cross defaults under other agreements governing our long-term
indebtedness.  Any default under our senior secured credit
facility or the indentures governing our other debt could
adversely affect our growth, our financial condition, our results
of operations and our ability to make payments on our debt, and
could force us to seek protection under the bankruptcy laws."

                           *     *     *

As reported by the TCR on Nov. 14, 2011, Standard & Poor's Ratings
Services raised its corporate credit rating on MGM Resorts
International to 'B-' from 'CCC+'.   In March 2012, S&P revised
the outlook to positive from stable.

"The revision of our rating outlook to positive reflects strong
performance in 2011 and our expectation that MGM will continue to
benefit from the improving performance trends on the Las Vegas
Strip," S&P said.

In March 2012, Moody's Investors Service affirmed its B2 corporate
family rating and probability of default rating.  The affirmation
of MGM's B2 Corporate Family Rating reflects Moody's view that
positive lodging trends in Las Vegas will continue through 2012
which will help improve MGM's leverage and coverage metrics,
albeit modestly. Additionally, the company's declaration of a $400
million dividend ($204 million to MGM) from its 51% owned Macau
joint venture due to be paid shortly will also improve the
company's liquidity profile. The ratings also consider MGM's
recent bank amendment that resulted in about 50% of its
$3.5 billion senior credit facility being extended one year from
2014 to 2015.

As reported by the TCR on Sept. 29, 2014, Fitch Ratings has
upgraded MGM Resorts International's (MGM) and MGM China Holdings
Ltd's (MGM China) IDRs to 'B+' from 'B' and 'BB' from 'BB-',
respectively.  Fitch's upgrade of MGM's IDR to 'B+' and the
Positive Outlook reflect the company's strong performance on the
Las Vegas Strip and in Macau as well as Fitch's longer-term
positive outlooks for these markets.


MICROVISION INC: Has $6 Million At-the-Market Equity Facility
-------------------------------------------------------------
MicroVision, Inc. entered into a $6 million At-the-Market equity
offering agreement with Meyers Associates, L.P. (doing business as
BP Capital, a division of Meyers Associates, L.P.), on May 5,
2015.

Under the agreement MicroVision may, from time to time, at its
discretion offer and sell shares of its common stock having an
aggregate value of up to $6 million through BP Capital. MicroVision
intends to use the net proceeds from this facility, if any, for
general corporate purposes, which may include, but are not limited
to, working capital, capital expenditures and acquisitions of other
technologies.

Under the ATM equity offering sales agreement, sales of common
stock, if any, through BP Capital, will be made by means of
ordinary brokers' transactions, in negotiated transactions, to or
through a market maker other than on an exchange or otherwise, at
market prices prevailing at the time of sale, at prices related to
such prevailing market prices, or at negotiated prices and/or any
other method permitted by law.

The common stock will be offered under MicroVision's existing
effective shelf registration statement (including a prospectus)
filed with the Securities and Exchange Commission.  A prospectus
supplement related to the offering has been filed with the
Securities and Exchange Commission.  Any offer, solicitation or
sale will be made only by means of the prospectus supplement and
the accompanying prospectus. Current and potential investors should
read the prospectus forming part of the registration statement, and
the prospectus supplement relating to the ATM offering and other
documents the company has filed with the SEC for more complete
information about MicroVision and the ATM offering program.

The Company will pay BP Capital a commission equal to up to 3% of
the gross proceeds from the sale of shares of the Company's common
stock under the Sales Agreement, if any.

A copy of the prospectus supplement and accompanying prospectus
relating to these securities may be obtained by contacting BP
Capital, a division of Meyers Associates, L.P. at 3 Columbus Circle
15th Floor, New York, NY 10019, Attention: Investment Banking, by
telephone at (212) 453-5000, or by email at info@bpmeyers.com.

                       About Microvision Inc.

Headquartered in Redmond, Washington, MicroVision, Inc. (NASDAQ:
MVIS) is the creator of PicoP(R) display technology, an ultra-
miniature laser projection solution for mobile consumer
electronics, automotive head-up displays and other applications.

MicroVision reported a net loss of $18.1 million on $3.48 million
of total revenue for the year ended Dec. 31, 2014, compared with a
net loss of $13.2 million on $5.85 million of total revenue for the
year ended Dec. 31, 2013.

As of March 31, 2015, the Company had $20.6 million in total
assets, $14.1 million in total liabilities, and $6.46 million in
total shareholders' equity.


MIDTOWN SCOUTS: Hearing on Amended Plan Scheduled for May 26
------------------------------------------------------------
Midtown Scouts Square Property, LP, is slated to seek confirmation
of its amended reorganization plan on May 26, 2015.

Judge Karen K. Brown on April 29 entered an order conditionally
approving the explanatory disclosure statement.  The judge ordered
that:

   -- May 21, 2015, is set as the deadline for filing and serving
written objections to the Amended Disclosure Statement or the
Amended Plan.

   -- May 21, 2015, is the deadline for filing acceptances or
rejections o the Amended Plan.

   -- The hearing on the confirmation of the Amended Plan and final
approval of the Amended Disclosure Statement will be conducted on
May 26, 2015, at 2:00 p.m.

The Court on Dec. 15, 2015, denied confirmation of the previous
iteration of the Debtors' proposed reorganization plan.  The
Debtors on April 24, 2015, filed a new plan -- i.e. the Second
Joint Plan of Reorganization.  The new plan provides essentially
the same treatment as the previous plan, with the exception of the
Richey parties' claims, which have been resolved.

Before submitting the current Plan, the Richey Parties and Lucky
Chopra settled all claims between the respective parties and the
Debtors file the Plan pursuant to the terms of their settlement
agreement.

The Debtors had sought an order estimating the unliquidated and
contingent unsecured claim of Richey Family Limited Partnership,
Todd Richey and L.E. Richey and estimating t he Richeys' equity
claim at zero.  On April 21, 2014, the Court entered an order
estimating the unsecured claim at $1.4 million but did not rule on
whether the Richeys own an equity interest in the Debtors.  The
provision in the plan -- that Atul Chopra's 100% equity interest in
the Reorganized Debtors will be reduced if the Court determines
that the Richeys hold an equity interest in the Debtors -- was
removed from the current Plan.

The Amended Plan provides that:

     (1) Allowed Administrative Claims and Priority Non-Tax Claims

         will be paid in cash in full;

     (2) Allowed Ad Valorem Claims of Taxing Authorities will be
         paid in cash full within 30 days of the Effective Date,
         with interest at the statutory rate of 12% per annum over

         a period of 60 months from the Petition Date, in equal
         monthly installments beginning on the Effective Date;

     (3) Allowed Non-Tax Priority Claims, if any, will be paid in
         cash in full within 30 days of the Effective Date;

     (4) Allowed Priority Tax Claims, if any, will be paid in full
         within 30 days of the Effective Date with interest at the

         statutory rate from the Effective Date;

     (5) Allowed Secured Claim of Bank of Houston secured by liens
         on the Office Building will be paid by pursuant to the
         terms of the prepetition promissory note, with the unpaid
         prepetition amount due added on to the end of the
         respective note;

     (6) Allowed Secured Claim of Bank of Houston secured by liens
         on the Parking Garage will be paid by pursuant to the
         terms of the prepetition promissory note, with the
         exception that the term of the note will be extended by
         60 months with the unpaid prepetition amount due added on
         to the end of the respective note;

     (7) Allowed Secured Claim of the Debtors' second lien lender
         (Mercantile Capital Corporation) will continue to receive

         monthly payments pursuant to the terms of the Eight Note
         Modification;

     (8) Allowed Non-Insider Unsecured Claims will be paid in full
         with interest at 5% over 60 months beginning on the
         Effective Date with quarterly distributions thereafter;

     (9) The Allowed Claims of Insiders will be paid in full with
         interest at 5% after the Allowed Non-Insider Claims are
         paid in full;

    (10) In exchange for converting the postpetition financing
         claim entitled to priority under Section 503(b)(l), his
         prepetition claim of $260,624, and the Equity Infusion,
         Atul Lucky Chopra will retain his 100% equity interest in
         the Reorganized Debtors.

A copy of the Amended Disclosure Statement is available for free at
http://bankrupt.com/misc/Midtown_Scouts_Am_DS.pdf

                    About Midtown Scouts Square

Midtown Scouts Square Property, LP, and affiliate Midtown Scouts
Square, LLC, own two commercial properties located in Midtown
Houston, Texas.  The first property is a mixed use 36,000-square-
foot two-storey office/restaurant building originally constructed
in 1975, while the second property is a 104,000-square foot eight-
storey parking garage with ground floor retail space, both in
Bagby Street, in Houston.

The two entities sought Chapter 11 protection (Bankr. S.D. Tex.
Lead Case No. 13-32920) on May 9, 2013.  The petitions were signed
by Erich Mundinger as president of general partner.  Judge Karen
K. Brown presides over the case.  In its schedules, MSS Property
disclosed $17,408,328 in assets and $16,666,325 in liabilities.
Edward L. Rothberg, Esq. at Hoover Slovacek, LLP, serves as the
Debtor's counsel.  Hawash Meade Gaston Neese & Cicack, LLP, serves
as special litigation counsel.

The U.S. Trustee has not appointed an official committee of
unsecured creditors in the Debtors' bankruptcy cases.


MONTREAL MAINE: June 3 Hearing to Approve $220M Payout Plan Outline
-------------------------------------------------------------------
Robert J. Keach, the trustee for Montreal Maine & Atlantic Railway
Ltd., is slated on June 3, 2015, to ask for approval from the U.S.
Bankruptcy Court for the District of Maine of the disclosure
statement explaining the liquidating plan he filed for Montreal
Maine.  

The Trustee can begin soliciting votes on the Plan and present the
Plan for confirmation after the Disclosure Statement is approved.

The hearing on the disclosure statement was originally scheduled
for May 19.  But the Trustee rescheduled the hearing to June 3,
2015, at 9:30 a.m. (Prevailing Eastern Time).  Objections to
approval of the Disclosure Statement are due May 27, 2015, at 5:00
p.m.

The plan was filed by the Trustee on March 31, 2015.  The plan
proposes a liquidation of the Debtor's assets and the creation,
implementation and distribution of a substantial settlement fund
(known as the indemnity fund under the CCAA Plan) for the benefit
of all victims of the train derailment in 2013 that killed 47
people.  The Plan is funded in part by contributions and settlement
agreements with various parties with potential liability arising
out of the derailment, and including, without limitation, such
parties' insurance companies.  In exchange for their contributions,
claims against such parties will be released, and future claims
enjoined.

The Trustee's Chapter 11 plan will distribute C$275 million (US$220
million) to creditors, including families of the 48 people who died
during the 2013 trail derailment accident.  According to the
Disclosure Statement, the Plan proposes to satisfy claims on
account of the derailment as follows:

  * Government agencies, including the Province of Quebec, city of
Lac-Megantic and the Canadian government will split over C$123
million in full and final satisfaction of their allowed claims.

  * Families of those who died are expected to receive over C$77
million to satisfy their allowed wrongful death claims.  The WD
Trust will have more than C$77 million available for distribution
to wrongful death claimants.  In exchange for a share of the
beneficial interest in the WD Trust, the claimants will be forever
barred, estopped, and enjoined from asserting claims against the
released parties, which includes the insurance companies.

  * Holders of allowed derailment moral damages and personal-injury
claims are in line for over C$34 million.

  * Holders of allowed derailment property damage claims are to
receive over C$28 million.

  * Holders of allowed derailment subrogated insurance claims will
receive over C$11 million.

  * If the aggregate value of the derailment property damage claims
is reduced below C$75 million, any difference between C$75 million
and the revised aggregate value of these claims will be allowed and
added, on a pro-rated basis, to the value of the other derailment
claims.

With respect to non-derailment claims, the estate representative
will distribute the Debtor's cash and convert to cash all other
remaining property of the Debtor, including causes of action.  The
Plan provides:

  * Assets are expected to be sufficient to pay all administrative
expense claims and priority tax claims.

  * Holders of secured claims are unimpaired.

  * General unsecured claims are estimated at $22 million.
Depending on the amount of residual assets, which is dependent on
the outcome of litigation or settlements, holders of allowed
general unsecured claims will receive distributions on a range of
3% to 71% of the allowed amount of their claims.

  * There will be no recovery for holders of subordinated claims
unless and until all allowed general unsecured claims are paid in
full.  At this time, the Trustee does not expect that holders of
subordinated claims will receive anything under the Plan.

  * There will be no recovery for holders of equity interests
unless and until all allowed claims are paid in full.  At this
time, the Trustee does not expect that holders of equity interests
will receive any distributions under the Plan.

Holders of derailment claims and unsecured claims are impaired and
thus entitled to vote on the Plan.

As holders of subordinated claims and equity interests won't be
receiving anything, they're deemed to reject the Plan.

A copy of the Disclosure Statement is available for free at:

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

                       About Montreal Maine

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013, killing
47 people and destroying part of Lac-Megantic, Quebec, sought
bankruptcy protection in U.S. Bankruptcy Court in Bangor, Maine
(Case No. 13-10670) on Aug. 7, 2013, with the aim of selling its
business.  Its Canadian counterpart, Montreal, Maine & Atlantic
Canada Co., meanwhile, filed for protection from creditors in
Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein, Shur, Sawyer, and Nelson,
P.A., has been named as chapter 11 trustee.  His firm serves as His
Chapter 11 bankruptcy counsel, led by Michael A. Fagone, Esq., and
D. Sam Anderson, Esq.  Development Specialists, Inc., serves as the
Chapter 11 trustee's financial advisor.  Gordian Group, LLC, serves
as the Chapter 11 Trustee's investment banker.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana served as counsel to
MM&A.  It now serves as counsel to the Chapter 11 Trustee.

Justice Martin Castonguay oversees the case in Canada.

The Canadian Transportation Agency suspended the carrier's
operating certificate after the accident, due to insufficient
liability coverage.

The town of Lac-Megantic, Quebec, has sought financial aid to
restore the gutted community and a civil complaint alleges a
failure to take steps to prevent a derailment.

In the Canadian case, Andrew Adessky at Richter Consulting has Been
appointed CCAA monitor.  The CCAA Monitor is represented by Sylvain
Vauclair at Woods LLP.  MM&A Canada is represented by Patrice
Benoit, Esq., at Gowling LaFleur Henderson LLP.

The U.S. Trustee appointed a four-member official committee of
derailment victims.  The Official Committee is represented by
Richard P. Olson, Esq., at Perkins Olson; and Luc A. Despins,
Esq., at Paul Hastings LLP.

There's also an unofficial committee of wrongful death claimants
consisting of representatives of the estates of the 46 victims.
This group is represented by George W. Kurr, Jr., Esq., at Gross,
Minsky & Mogul, P.A.; Daniel C. Cohn, Esq., at Murtha Cullina LLP;
Peter J. Flowers, Esq., at Meyers & Flowers, LLC; Jason C. Webster,
Esq., at The Webster Law Firm; and Mitchell A. Toups, Esq., at
Weller, Green Toups & Terrell LLP.

After the U.S. Trustee formed the Official Committee, the ad hoc
committee filed papers asking the U.S. Court to have the official
committee disbanded.  The ad hoc group said it represents 46
victims of the disaster.

On Jan. 23, 2014, the Debtors won authorization to sell
substantially all of their assets to Railroad Acquisition Holdings
LLC, an affiliate of New York-based Fortress Investment Group, for
$15.7 million.  The Bankruptcy Courts in the U.S. and Canada
approved the sale.  The Fortress unit is represented by Terence M.
Hynes, Esq., and Jeffrey C. Steen, Esq., at Sidley Austin LLP.

On Jan. 29, 2014, an ad hoc group of wrongful-death claimants
submitted a plan, which would give 75% of the $25 million in
available insurance to the families of those who died after an
unattended train derailed in Lac-Megantic, Quebec, in July.  The
other 25% would be earmarked for claimants seeking compensation for
property that was damaged when much of the town burned.  Former
U.S. Senator George Mitchell, a Democrat who represented Maine in
the U.S. Senate from 1980 to 1995 and who is now chairman emeritus
of law firm DLA Piper LLP, would administer the plan and lead the
effort to wrap up MM&A's Chapter 11 bankruptcy.

As reported by the Troubled Company Reporter on April 3, 2014,
Judge Kornreich ruled that the unofficial committee of wrongful
death claimants and its counsel have failed to comply with Rule
2019 of the Federal Rules of Bankruptcy Procedure, and as a result
of that failure, the Unofficial Committee and its counsel will not
be heard on any pending matter in the case.

As reported by the TCR on April 11, 2014, Judge Kornreich rejected
the disclosure statement for the Plan filed by the ad hoc group of
wrongful-death claimants, holding that the Plan is flawed and
unconfirmable.

As reported by the TCR in January 2015, the Debtor and other
defendants have agreed to pay $200 million to compensate victims,
including 48 people who died.  The settlement was announced on Jan.
9, 2015.  Amanda Bronstad, writing for The National Law Journal,
reported that the settlement amount could grow to as much as $500
million if additional defendants come on board.


MUSCLEPHARM CORP: John Price Remains as Chief Financial Officer
---------------------------------------------------------------
MusclePharm Corporation entered into an employment agreement with
John Price, pursuant to which Mr. Price will continue to serve as
the Company's chief financial officer. according to a document
filed with the Securities and Exchange Commission.

Pursuant to the terms of the Employment Agreement, Mr. Price is to
serve as the Company's CFO from March 5, 2015, until Dec. 31, 2017.
Mr. Price's responsibilities will include general oversight and
management of the company's financial operations, as well as any
responsibilities delegated to him by the Company's chief executive
officer, president, or Board of Directors.

Mr. Price is to receive an initial base salary of $250,000 per
year.  

Mr. Price is also entitled to receive, at the discretion and review
of the Committee, stock options to purchase shares of the Company's
common stock in the amounts and pursuant to the terms as
established by the Committee.  Mr. Price is entitled to receive a
bonus in an amount not to exceed $250,000 per year, which will be
at the discretion and review of the Committee.

                         About MusclePharm

Headquartered in Denver, Colorado, MusclePharm Corporation
(OTC BB: MSLP) -- http://www.muslepharm.com/-- is a healthy life-
style company that develops and manufactures a full line of
National Science Foundation approved nutritional supplements that
are 100 percent free of banned substances.  MusclePharm is sold in
over 120 countries and available in over 5,000 U.S. retail
outlets, including GNC and Vitamin Shoppe.  MusclePharm products
are also sold in over 100 online stores, including
bodybuilding.com, Amazon.com and Vitacost.com.

MusclePharm Corporation reported a net loss of $13.8 million in
2014, a net loss of $17.7 million in 2013 and a net loss of $19
million in 2012.

As of Dec. 31, 2014, the Company had $66.4 million in total assets,
$43 million in total liabilities and $23.4 million in total
stockholders' equity.


NET ELEMENT: Announces Two Financings Totaling Up to $24.5M
-----------------------------------------------------------
Net Element, Inc., has entered into definitive agreements with a
qualified institutional buyer and certain institutional accredited
investors for financing transactions that will make an initial
amount of $10.5 million and potential additional amounts of up to
an additional $14 million available to the Company.

Pursuant to the definitive transaction documents for the first
transaction, the Company has issued, as a registered direct
offering, $5.5 million of Series A 9% Convertible Preferred Stock.
Net Element will receive $5.5 million in gross proceeds at closing
of this transaction.  This transaction closed on April 30, 2015.
Revere Securities LLC acted as the exclusive placement for the
first transaction.

Pursuant to the definitive transaction documents for the second
transaction, the Company has issued, in reliance on an exemption
from registration, $5 million principal amount of senior
convertible notes and warrants to purchase shares of its common
stock.  The transaction closed on April 30, 2015.  The $5 million
of gross proceeds from the second transaction was placed at closing
into deposit accounts by the investors.  The Company expects to
receive $2.5 million of gross proceeds from the escrow accounts 30
days subsequent to receiving stockholder approval of certain share
issuances relating to the financing and the satisfaction of certain
other equity conditions.  The Company expects to receive the
remaining balances subsequently thereafter.  The Company granted
certain registration right to the investors for resale of the
securities to be issued upon the conversion or exercise, as
applicable, of the convertible notes and warrants.

Additional information regarding these financings may be found in
Net Element's Current Report on Form 8-K, which is available for
free at http://is.gd/3V2oYw

                         About Net Element

Miami, Fla.-based Net Element International, Inc., formerly Net
Element, Inc., currently operates several online media Web sites
in the film, auto racing and emerging music talent markets.

Net Element reported a net loss of $10.18 million on $21.2
million of net revenues for the 12 months ended Dec. 31, 2014,
compared to a net loss of $48.3 million on $18.7 million of net
revenues for the 12 months ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $14.32 million in total
assets, $8.83 million in total liabilities, and $5.48 million in
total stockholders' equity.

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.


NII HOLDINGS: Closes Sale of Mexican Operations to AT&T Unit
------------------------------------------------------------
NII Holdings, Inc., together with its wholly-owned subsidiary NIU
Holdings LLC, on April 30, 2015, completed the previously announced
sale of the Company's Mexican operations to New Cingular Wireless,
Inc., an indirect subsidiary of AT&T, Inc. The transaction was
structured as a sale of all the outstanding stock of the parent
company of Comunicaciones Nextel de Mexico, S.A. de C.V., the
Company's Mexican operating subsidiary, for the purchase price of
approximately $1.875 billion, including $187.5 million deposited in
escrow to satisfy potential indemnification claims. The net
proceeds of the sale were $1.448 billion, after deducting Nextel
Mexico's outstanding indebtedness net of cash and applying
estimates of other specified purchase price adjustments.

NII Holdings filed with the Securities and Exchange Commission
Unaudited Pro Forma Financial Information reflecting the sale, a
copy of which is available at http://is.gd/NrQpaX

                      About NII Holdings

NII Holdings Inc. through its subsidiaries provides wireless
communication services for businesses and consumers in Brazil,
Mexico and Argentina. NII Holdings has the exclusive right to use
the Nextel brand in its markets pursuant to a trademark license
agreement with Sprint Corporation and offers unique push-to-talk
("PTT") services associated with the Nextel brand in Latin
America.  NII Holdings' shares of common stock, par value $0.001,
are
publicly traded under the symbol NIHD on the NASDAQ Global Select
Market.

NII Holdings and its affiliated debtors sought bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-12611) in Manhattan
on Sept. 15, 2014. The Debtors' cases are jointly administered and
are assigned to Judge Shelley C. Chapman.

The Debtors have tapped Jones Day's Scott J. Greenberg, Esq. and
Michael J. Cohen, Esq., as counsel and Prime Clerk LLC as claims
and noticing agent. NII Holdings disclosed $1.22 billion in assets
and $3.068 billion in liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 2 appointed five creditors of NII
Holdings to serve on the official committee of unsecured creditors.
The panel is represented by Kenneth H. Eckstein, Esq. and Adam C.
Rogoff, Esq. of Kramer Levin Naftalis & Frankel LLP. Kurtzman
Carson Consultants LLC is the panel's information agent.

                          *     *     *

On Nov. 24, 2014, the Debtors filed a first plan support
agreement.  On Dec. 22, 2014, the Debtors filed a plan of
reorganization.

On Jan. 26, 2015, the Debtors reached agreement for the sale of
their operations in Mexico, operated by non-debtor Comunicaciones
Nextel de Mexico, S.A. de C.V., to an affiliate of AT&T for $1.875
billion, subject to (a) the approval of the Court and (b)
regulatory approvals in Mexico.

As a result of the sale transaction, the Debtors on March 13,
2015, filed the First Amended Plan. The sale transaction was
approved on March 23, 2015.


NII HOLDINGS: Has $309M Q1 Net Loss; Ch 11 Exit Eyed Mid-Year
-------------------------------------------------------------
NII Holdings, Inc., has released its consolidated financial results
for the first quarter of 2015, which include the Company's
operations in Mexico that were sold to AT&T on April 30, 2015.  The
Company reported 165,000 total net subscriber additions for the
quarter driven by growth on its 3G networks in both Brazil and
Mexico.  The Company ended the quarter with 9.3 million total
subscribers, a 2 percent increase from a year ago.  Financial
results for the first quarter of 2015 included consolidated
operating revenues of $764 million, a 20 percent decrease compared
to the first quarter of 2014; a consolidated adjusted OIBDA loss of
$21 million, which excludes the impact of non-cash asset
impairments, restructuring charges and other unusual items; and a
consolidated operating loss of $165 million.  For the first quarter
of 2015, the Company generated a net loss from continuing
operations of $309 million.  Capital expenditures were $27 million
for the quarter.  The Company ended the first quarter with $774
million in consolidated cash, cash equivalents and short-term
investments.

"I am pleased to report improvements in our operational performance
during the first quarter, including a return to subscriber growth
in Mexico, continued subscriber growth in Brazil and an increase in
OIBDA driven by lower customer acquisition costs.  Despite these
improvements, weak macroeconomic conditions and lower local
currency exchange rates continued to weigh down our reported
results for the quarter," said Steve Shindler, NII Holdings' chief
executive officer.  "We expect the macroeconomic environment and
its impact on foreign exchange rates to continue to affect our
businesses in Brazil and Argentina for the rest of 2015.  Our focus
for the remainder of the year will be to continue to build our 3G
subscriber base in Brazil and deliver local currency revenue growth
by offering innovative service plans that meet the needs of our
customers.  To support that effort, we will continue to invest in
our Brazilian operations, including modernizing our IT systems and
maintaining the quality of our 3G networks.  We will also continue
to pursue cost savings strategies to reduce the impact of some of
the economic challenges we're facing in our markets."

NII Holdings' consolidated average monthly service revenue per
subscriber (ARPU) was $22 for the first quarter of 2015, down from
$29 in the same quarter last year.  Approximately $4 of the decline
in consolidated ARPU was due to weaker foreign currency exchange
rates and the remainder was related to an increase in the mix of
prepaid customers in Mexico who generally contribute lower average
revenue per user compared to postpaid customers.  The Company also
reported consolidated average monthly churn of 3.55 percent for the
period, compared to 3.43 percent in the first quarter of 2014.
Consolidated cost per gross addition (CPGA) was $151 for the first
quarter of 2015, a $139 decrease from the year ago period,
primarily due to a higher mix of prepaid gross subscriber additions
in Mexico and an increase in new postpaid subscribers in Brazil who
use their own handsets rather than purchasing a new one from the
Company.

"The previously announced closing of the sale of Nextel Mexico to
AT&T will provide us with the funding we need to continue to grow
and effectively compete in Brazil while we continue to seek
strategic options for our business in Argentina," said Juan
Figuereo, NII Holdings' executive vice president and chief
financial officer.  "We also recently received permission from the
bankruptcy court to solicit creditor approval of our proposed
reorganization plan which, if approved by our creditors and
confirmed by the bankruptcy court, would allow us to emerge from
Chapter 11 by mid-year.  While we are encouraged by these
developments, we believe the key to enhancing the value of our
business is to deliver better financial results, and we will remain
focused on achieving that goal."

In light of the pending bankruptcy proceedings under Chapter 11 of
the Bankruptcy Code, the Company will not host a financial results
conference call this quarter.  Additional details regarding the
Company's results and bankruptcy proceedings are included in the
Company's Quarterly Report on Form 10-Q for the first quarter that
was filed with the Securities and Exchange Commission this morning.
Additional operational and financial details are also available
under the Investor Relations link at www.nii.com.

In addition to the financial results prepared in accordance with
accounting principles generally accepted in the United States
(GAAP) provided throughout this press release and in the attached
financial table, NII Holdings has presented consolidated adjusted
OIBDA, ARPU, and CPGA.  These measures are non-GAAP financial
measures and should be considered in addition to, but not as
substitutes for, the information prepared in accordance with GAAP.
Reconciliations from GAAP results to these non-GAAP financial
measures are provided in the notes to the attached financial table.
To view these and other reconciliations of non-GAAP financial
measures that the Company uses, visit the investor relations link
at www.nii.com.

                      About NII Holdings

NII Holdings Inc. through its subsidiaries provides wireless
communication services for businesses and consumers in Brazil,
Mexico and Argentina.  NII Holdings has the exclusive right to use
the Nextel brand in its markets pursuant to a trademark license
agreement with Sprint Corporation and offers unique push-to-talk
("PTT") services associated with the Nextel brand in Latin
America.  NII Holdings' shares of common stock, par value $0.001,
are publicly traded under the symbol NIHD on the NASDAQ Global
Select Market.

NII Holdings and its affiliated debtors sought bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-12611) in Manhattan
on Sept. 15, 2014. The Debtors' cases are jointly administered and
are assigned to Judge Shelley C. Chapman.

The Debtors have tapped Jones Day's Scott J. Greenberg, Esq., and
Michael J. Cohen, Esq., as counsel and Prime Clerk LLC as claims
and noticing agent.  NII Holdings disclosed $1.22 billion in assets
and $3.068 billion in liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 2 appointed five creditors of NII
Holdings to serve on the official committee of unsecured
creditors.  The panel is represented by Kenneth H. Eckstein, Esq.
and Adam C. Rogoff, Esq. of Kramer Levin Naftalis & Frankel LLP.
Kurtzman Carson Consultants LLC is the panel's information agent.

                          *     *     *

On Nov. 24, 2014, the Debtors filed a first plan support
agreement.  On Dec. 22, 2014, the Debtors filed a plan of
reorganization.

On Jan. 26, 2015, the Debtors reached agreement for the sale of
their operations in Mexico, operated by non-debtor Comunicaciones
Nextel de Mexico, S.A. de C.V., to an affiliate of AT&T for $1.875
billion, subject to (a) the approval of the Court and (b)
regulatory approvals in Mexico.

As a result of the sale transaction, the Debtors on March 13,
2015, filed the First Amended Plan. The sale transaction was
approved on March 23, 2015.


ORCKIT COMMUNICATIONS: Postpones Filing of Annual Report
--------------------------------------------------------
Orckit Communications Ltd. filed with the U.S. Securities and
Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its annual report on Form 20-F for the year ended Dec.
31, 2014.

The District Court of Tel Aviv appointed a temporary liquidator
over the Company on June 29, 2014, granting him authority over the
Company in lieu of its board of directors and management.  On March
12, 2015, the temporary liquidator petitioned the Court for
authority to implement a proposed operating plan with respect to
the Company for a period of one year from March 2015.  The Court
issued a decision in response to this petition, approving the
proposed operating plan, only during April, and the Company is
considering the impact of the court's decision on its business and
financial condition, including whether going concern, bankruptcy
accounting or liquidation basis of accounting would be appropriate
for its financial statement presentation.  In light of these
circumstances, the Company had to postpone the preparation of the
annual report.

The Company anticipates a reduction in revenues and expenses as a
result of a prolonged decrease in the main business activity of its
subsidiary and the appointment of a temporary liquidator to the
registrant in June 29, 2014, followed by limited operation of the
Registrant and its subsidiary.  Based on unaudited financial
statements of the Company for the year ended Dec. 31, 2014:
revenues decreased 54.9%, from $8.2 million in 2013 to $3.7 million
in 2014; cost of revenues and operating expenses decreased by
28.8%, from $11.1 million in 2013 to $7.9 million in 2014; and
operating loss increased 40%, from $(3.0) million in 2013 to $(4.2)
million in 2014.

                 About Orckit Communications Ltd.
                    (in temporary liquidation)

Orckit facilitates the delivery by telecommunication providers of
high capacity broadband residential, business and mobile services
over wireline or wireless networks with its Orckit-Corrigent family
of products.  Orckit was founded in 1990 and became publicly traded
in 1996.  Orckit's shares are traded on the OTCQB and the Tel Aviv
Stock Exchange and is headquartered in Tel-Aviv, Israel.

Kesselman & Kesselman, in Tel Aviv, Israel, 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 capital deficiency, recurring losses,
negative cash flows from operating activities and has significant
future commitments to repay its convertible subordinated notes.
These facts raise substantial doubt as to the Company's ability to
continue as a going concern.

Orckit reported a net loss of $5.9 million in 2013, a net loss of
$4.5 million in 2012 and a net loss of $17.5 million in 2011.
As of Dec. 31, 2013, the Company had $7.51 million in total
assets, $21.54 million in total liabilities and a $14.03 million
total capital deficiency.


PACIFIC DRILLING: Bank Debt Trades at 11% Off
---------------------------------------------
Participations in a syndicated loan under which Pacific Drilling
Ltd is a borrower traded in the secondary market at 88.54
cents-on-the-dollar during the week ended Friday, May 8, 2015,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in The Wall Street Journal.  This represents an increase
of 0.69 percentage points from the previous week, The Journal
relates. The Company pays 350 basis points above LIBOR to borrow
under the facility.  The bank loan matures on May 15, 2018, and
carries Moody's B1 rating and Standard & Poor's B+ rating.  The
loan is one of the biggest gainers and losers among 257 widely
quoted syndicated loans with five or more bids in secondary trading
for the week ended Friday.



PEABODY ENERGY: Bank Debt Trades at 10% Off
-------------------------------------------
Participations in a syndicated loan under which Peabody Energy
Power Corp. is a borrower traded in the secondary market at 90.19
cents-on-the-dollar during the week ended Friday, May 8, 2015,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in The Wall Street Journal.  This represents an increase
of 0.41 percentage points from the previous week, The Journal
relates.  Peabody Energy pays 325 basis points above LIBOR to
borrow under the facility.  The bank loan matures on Sept. 20,
2020, and carries Moody's Ba2 rating and Standard & Poor's BB
rating.  The loan is one of the biggest gainers and losers among
257 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.



POSITIVEID CORP: Hikes Authorized Capital Stock to 1.9B Shares
--------------------------------------------------------------
PositiveID Corporation filed an amendment to its Certificate of
Incorporation to increase its authorized capital stock from
975,000,000 shares to 1,975,000,000 shares, consisting of
1,970,000,000 shares of common stock, par value $0.01 per share,
and 5,000,000 shares of preferred stock, par value $0.01 per share.
A copy of the Amended and Restated Certificate of Incorporation is
available for free at http://is.gd/EuhW7r

                          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 $8.22 million on $945,000 of revenue for the year ended
Dec. 31, 2014, compared with a net loss attributable to common
stockholders of $13.33 million on $0 of revenue for the year ended
Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $1.02 million in total assets,
$9.46 million in total liabilities, and a $8.44 million total
stockholders' deficit.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014.  The accounting firm noted that
the Company reported a net loss, and used cash for operating
activities of approximately $8.61 million and $2.57 million
respectively, in 2014.  At Dec. 31, 2014, the Company had a working
capital deficiency, stockholders' deficit and accumulated deficit
of approximately $8.076 million, $8.45 million and $133 million,
respectively.  These matters raise substantial doubt about the
Company's ability to continue as a going concern, according to the
regulatory filing.


PROVISION HOLDING: Operating Unit Inks Agreement with AOTEX
-----------------------------------------------------------
Provision Interactive Technologies, Inc., the operating subsidiary
of Provision Holding, Inc., entered into an International
Distributor Agreement with AOTEX SARL.  Pursuant to the Agreement,
AOTEX will have the exclusive right to market and sell PITI
products in the Middle East, specifically within the countries
located in the GCC (Gulf Cooperation Council), which Agreement
includes consideration and performance requirements.  The term of
the Agreement is five years, with an option to extend the Agreement
by an additional term of five years.

                      About Provision Holding

Based in Chatsworth, Calif., Provision Holding, Inc., is focused
on the development and distribution of its patented three-
dimensional, holographic interactive displays focused at grabbing
and holding consumer attention particularly and initially in the
advertising and product merchandising markets.

The Company's balance sheet at March 31, 2011, showed
$1.16 million in total assets, $6.06 million in total liabilities
and a $4.89 million total stockholders' deficit.

As reported in the Troubled Company Reporter on Nov. 23, 2010,
Farber Hass Hurley LLP, in Camarillo, California, expressed
substantial doubt about Provision Holding, Inc.'s ability to
continue as a going concern, following the Company's fiscal year
ended June 30, 2010.  The independent auditors noted that the
Company has incurred significant losses in 2010 and 2009 and has
negative working capital of $4.3 million.


QUANTUM FUEL: Reports First Quarter 2015 Financial Results
----------------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc., reported a net
loss attributable to stockholders of $3.34 million on $9.19 million
of revenues for the three months ended March 31, 2015, compared
with a net loss attributable to stockholders of $3.2 million on
$7.95 million of revenues for the same period in 2014.

As of March 31, 2015, the Company had $51.3 million in total
assets, $18.6 million in total liabilities, and $30.8 million in
total stockholders' equity.

For its continuing operations, the Company had working capital of
$13.1 million (defined as current assets less current liabilities)
as of March 31, 2015, which includes $4.50 million of outstanding
borrowings under its revolving line of credit that is classified as
a current liability.

"We are pleased by the inroads we continue to make with our
innovative and emerging storage system offerings.  The 46 percent
increase in product sales driven by the delivery of these storage
systems in the current quarter demonstrates a true growth strategy
and a framework that enables us to develop scale in our business,"
said Brian Olson, president and CEO of Quantum.  "We have made
significant improvements to the direct material cost of these
systems over the previous quarter as we begin to scale and further
develop our supply base, and have developed a clear pathway to
reduce certain indirect costs and secure higher pricing on next
generation systems we are introducing this week at the Alternative
Clean Transportation Expo," continued Mr. Olson.

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

                         http://is.gd/yXnEH2

                         About Quantum Fuel

Lake Forest, Cal.-based Quantum Fuel Systems Technologies
Worldwide, Inc. (Nasdaq: QTWW) develops and produces advanced
vehicle propulsion systems, fuel storage technologies, and
alternative fuel vehicles.  Quantum's portfolio of technologies
includes electronic and software controls, hybrid electric drive
systems, natural gas and hydrogen storage and metering systems and
other alternative fuel technologies and solutions that enable fuel
efficient, low emission, natural gas, hybrid, plug-in hybrid
electric and fuel cell vehicles.

Quantum Fuel reported a net loss of $14.9 million in 2014, a net
loss attributable to stockholders of $23.0 million in 2013, a net
loss attributable to stockholders of $30.9 million in 2012 and a
net loss attributable to common stockholders of $38.5 million in
2011.


QUEST SOLUTION: Names Tom Miller Chairman and CEO
-------------------------------------------------
Quest Solution, Inc., announced that Tom Miller, currently a
director to the Company and a previous member of the Board of
Advisors of Bar Code Specialties, Inc., the Company's wholly owned
subsidiary, will assume the positions of Chairman of the Board and
chief executive officer, effective May 1.  Miller replaces Jason
Griffith as CEO, who will move to the position of executive vice
president of strategy and acquisitions.

Miller has more than 30 years of leadership and industry
experience, including executive positions with Intermec
Corporation, a leader in the automated data collection, wireless
and mobile computing industries.  Prior to accepting these new
roles, Miller served as a partner in The SAGE Group, a management
consulting company that works with executives at small to midsize
companies on business transformation and revitalization strategies
for value-creating events.  Mr. Miller and The Sage Group also
advise private equity firms that invest in wireless and mobility
companies.

"The combination between Quest and Bar Code Specialties in late
2014 was a transformative combination, creating a powerful
organization with scale, a comprehensive offering and a world-class
customer base," commented Mr. Miller.  "The integration of the two
companies positions Quest for broader market opportunities to
provide an expanding base of customers with mobile and cloud-based
technology solutions to improve their operational efficiencies and
increase productivity and profitability.  As we progress throughout
2015 and begin to take full advantage of operational synergies, we
expect cost savings and additional revenue opportunities will drive
both top-line growth and gross margin expansion over our 2014 pro
forma results.  I look forward to taking a more active role in the
day-to-day management and operations of the business."

Jason Griffith, current CEO, added, "We are extremely pleased to
have someone of Tom's caliber coming into this role.  He possesses
the leadership and industry expertise to lead Quest through the
next phase of our business evolution.

The Company also announced the appointment of Mr. Robert Shepard as
a member of the Board of Directors, effective May 1 as well.
Shepard currently serves as CEO of Jenesey Inc., a global firm that
provides consulting on product design, marketing, sales,
compliance, information technology application, operations,
strategic redesign and efficient integration.  From 2001 to 2008,
Shepard served as CEO of Premier Dealer Services, Inc., a wholly
owned subsidiary of American Financial Group.  He began his career
with AON Corporation in 1978 where he held various positions.

In connection with his appointment to the Board, Mr. Shepard will
receive (i) $3,000 per quarter as Board compensation and (ii) stock
options for 36,000 shares of common stock, par value $0.001 per
share granted at the Company's current stock price, which vest over
a three-year term.

"Bob is a respected business leader with global product and
services experience that spans the breadth of large enterprises,"
commented Tom Miller, incoming CEO and Chairman of the Board.  "I
welcome Bob and appreciate the value his insights and vision will
bring to our business."

Additionally, Jason Griffith and Scot Ross stepped down from their
respective board positions to focus on the more tactical aspects of
executing the Company's strategic vision to accelerate growth and
optimize synergies of the combination with BCS.  As a result, the
majority of the Company's Board of Directors are independent.

Additional information can be found at http://is.gd/V4zSN5

                        About Quest Solution

Quest Solution (formerly known as Amerigo Energy, Inc.) is a
national mobility systems integrator with a focus on design,
delivery, deployment and support of fully integrated mobile
solutions.  The Company takes a consultative approach by offering
end to end solutions that include hardware, software,
communications and full lifecycle management services.  The highly
tenured team of professionals simplifies the integration process
and delivers proven problem solving solutions backed by numerous
customer references.  Motorola, Intermec, Honeywell, Panasonic,
AirWatch, Wavelink, SOTI and Zebra are major suppliers which Quest
Solution uses in its systems.

Quest Solution reported net income of $302,000 on $37.3 million of
total revenues for the year ended Dec. 31, 2014, compared with a
net loss of $1.12 million on $4,070 of total revenues for the year
ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $34.0 million in total assets,
$32.8 million in total liabilities and $1.19 million in total
stockholders' equity.


RB ENERGY: Court Appoints Receiver; CCAA Stay Extended to May 15
----------------------------------------------------------------
RB Energy Inc. on May 8 disclosed that the Court has appointed a
receiver and provides a final update on the status of the Court
approved sale and investor solicitation process (the "SISP") and
proceedings under the Companies' Creditors Arrangement Act
("CCAA").

During the CCAA proceedings, corporate activities and Quebec
Lithium care and maintenance operations have been funded by a US
$13 million "Debtor-in-Possession" loan DIP Loan ("DIP Loan")
provided by Hale Capital Partners ("DIP Lender") and approved by
the Court.

The SISP

Under the SISP, and with the assistance of Rothschild, RB Energy
actively solicited expressions of interest from third parties for
the acquisition of all or a partial interest in its Quebec lithium
and Chilean iodine projects or for an investment in the Company and
a restructuring of its financial obligations.

No "Qualified Offers" were received by the SISP deadline of March
27, 2015 (the "Offer Deadline").

With the consent of the Monitor, the DIP Lender and the Agent, the
Company and Rothschild immediately re-engaged with certain
interested parties identified during the SISP in an expedited
process to solicit one or more binding offers by April 14, 2015.
The Company was not successful in identifying alternative courses
of action to obtain value for its stakeholders prior to the
maturity date of the DIP Loan of April 15, 2015.  As a result, the
SISP was terminated by Court order on April 17, 2015.

CCAA Proceedings

On October 14, 2014, following consultations with legal and
financial advisors, the Company applied for and obtained an Initial
Order to commence proceedings under the CCAA in the Quebec Superior
Court in respect of the Company and its Canadian subsidiaries.  The
Court granted an initial stay of proceedings to November 13, 2014,
which was subsequently extended to April 30, 2015.  On April 17,
2015, the Court further extended the stay to May 29, 2015 subject
to the DIP Lender's right to apply to the Court to seek remedies
available to it under the DIP Loan.

Appointment of Receiver

The DIP Loan became due and owing on April 15, 2015.  On April 17,
2015, the Court reserved the DIP Lender's right to seek whatever
remedies were available to it under the DIP Loan subject to the
provision of proper notice.  The DIP Lender provided notice on
April 20, 2015 of its intention to enforce its rights under the
Interim Lender's charge granted by the Court and on May 8, 2015 it
served a motion asking the Court to appoint a receiver and
terminate the CCAA proceedings.  The Motion was granted on May 8,
2015 at which time the Court appointed Duff & Phelps Canada
Restructuring Inc. (the "Receiver") as the receiver of the Company
and its Canadian subsidiaries to administer and realize upon the
assets of the Company.

Termination and Resignation of Officers and Directors

The Court order also provided for the termination of the Company's
three officers as at May 8, 2015.  Richard P. Clark, the sole
remaining director of RB Energy, resigned effective on the same
date.

New contact information

All future enquiries about the Company and its activities should be
directed to the Receiver. Contact details are provided below.

Contacts:
Duff & Phelps Canada Restructuring Inc.
David Sieradzki
(416) 932.6030
david.sieradzki@duffandphelps.com

Duff & Phelps Canada Restructuring Inc.
Bobby Kofman
(416) 932.6228
bobby.kofman@duffandphelps.com

                    About RB Energy Inc.

RB Energy is a Canadian company formed pursuant to the arrangement
involving Sirocco Mining Inc. and Canada Lithium Corp.  It
currently owns Aguas Blancas, an iodine producing mine in northern
Chile, and Quebec Lithium near Val d'Or, the geographical heart of
the Quebec mining industry.  The Aguas Blancas mine is currently in
production.  The Quebec Lithium has completed construction and,
prior to going into care and maintenance on October 7, 2014, was in
the commissioning phase.


REALOGY HOLDINGS: Reports $32 Million Net Loss in First Quarter
---------------------------------------------------------------
Realogy Holdings Corp. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $32 million on $1.06 billion of net revenues for the three
months ended March 31, 2015, compared to a net loss of $46 million
on $1 billion of net revenues for the same period in 2014.

As of March 31, 2015, the Company had $7.43 billion in total
assets, $5.27 billion in total liabilities, and $2.15 billion in
total equity.

At March 31, 2015, the Company had $184 million of cash and cash
equivalents, a decrease of $129 million compared to the balance of
$313 million at Dec. 31, 2014.

"With 10% home sale volume growth, the first quarter was stronger
than the 5% to 9% range we anticipated," said Richard A. Smith,
Realogy's chairman, chief executive officer and president.  "The
increases we saw in homesale transaction sides and average sale
price in March, along with the strength of the sales contracts
opened in March and April, are indicating a healthy spring selling
season for the existing homesale market."

Smith continued: "Operationally, the first quarter momentum has
carried over into the second quarter with NRT's acquisition of
Coldwell Banker United, Realtors.  We expect it to be an
immediately accretive acquisition that geographically strengthens
NRT's presence in Florida and Texas, expands into new markets in
the Carolinas and now connects its Eastern Seaboard presence
contiguously from Maine to Florida."

"Looking ahead at the second quarter of 2015, we expect to see
homesale transaction volume gains in the range of 8% to 11%
year-over-year on a company-wide basis," said Anthony E. Hull,
executive vice president, chief financial officer and treasurer.
"Based on our closed and open sales activity in March and April, we
expect second quarter homesale transaction sides to be up 5% to 7%
year-over-year and average sale price to increase 3% to 4% for RFG
and NRT combined."

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

                        http://is.gd/ZCEa50

                    About Realogy Holdings Corp.

Realogy Holdings Corp. (NYSE: RLGY) is a global leader in
residential real estate franchising with company-owned real estate
brokerage operations doing business under its franchise systems as
well as relocation and title services.  Realogy's brands and
business units include Better Homes and Gardens(R) Real Estate,
CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R),
The Corcoran Group(R), ERA(R), Sotheby's International Realty(R),
NRT LLC, Cartus and Title Resource Group.  Collectively, Realogy's
franchise system members operate approximately 13,500 offices with
251,000 independent sales associates doing business in 104
countries around the world. Realogy is headquartered in Madison,
N.J.

Realogy Holdings reported net income attributable to the Company of
$143 million on $5.32 billion of net revenues for the year ended
Dec. 31, 2014, compared to net income attributable to the Company
of $438 million on $5.28 billion of net revenues during the prior
year.

                           *     *     *

In the Aug. 1, 2013, edition of the TCR, Moody's Investors Service
upgraded the corporate family rating of Realogy Group to 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.


REALOGY HOLDINGS: Stockholders Elect Three Directors to Board
-------------------------------------------------------------
At the 2015 annual meeting of stockholders of Realogy Holdings
Corp. held on May 1, 2015, the stockholders elected Richard A.
Smith, Marc E. Becker and Michael J. Williams as directors
to serve a one-year term expiring at the 2016 Annual Meeting of
Stockholders and until their successors are duly elected and
qualified.

The stockholders also approved, on an advisory basis, the
compensation of the named executive officers of Realogy Holdings
and ratified the appointment of PricewaterhouseCoopers LLP to serve
as the Realogy Holdings' independent registered accounting firm for
fiscal year 2015.

                    About Realogy Holdings Corp.

Realogy Holdings Corp. (NYSE: RLGY) is a global leader in
residential real estate franchising with company-owned real estate
brokerage operations doing business under its franchise systems as
well as relocation and title services.  Realogy's brands and
business units include Better Homes and Gardens(R) Real Estate,
CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R),
The Corcoran Group(R), ERA(R), Sotheby's International Realty(R),
NRT LLC, Cartus and Title Resource Group.  Collectively, Realogy's
franchise system members operate approximately 13,500 offices with
251,000 independent sales associates doing business in 104
countries around the world. Realogy is headquartered in Madison,
N.J.

Realogy Holdings reported net income attributable to the Company of
$143 million on $5.32 billion of net revenues for the year ended
Dec. 31, 2014, compared to net income attributable to the Company
of $438 million on $5.28 billion of net revenues during the prior
year.

As of March 31, 2015, the Company had $7.43 billion in total
assets, $5.27 billion in total liabilities and $2.15 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 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.


RESTORGENEX CORP: To Pay $248K Severance to Schwartz
----------------------------------------------------
RestorGenex Corporation entered into a resignation agreement with
Yael Schwartz, Ph.D., pursuant to which Dr. Schwartz resigned as an
officer, employee and director of RestorGenex and its subsidiaries.
According to a document filed with the Securities and Exchange
Commission, Dr. Schwartz's resignation was in connection with the
transfer of certain of the Company's non-focus technology rights to
Or-Genix Therapeutics, Inc.

Under the terms of the Resignation Agreement, RestorGenex agreed to
pay Dr. Schwartz a cash severance payment in the amount of
$247,500, which is equal to nine months of her base salary, paid in
accordance with RestorGenex's standard payroll practices, in
exchange for her execution of a general and customary release of
claims.  The Resignation Agreement also requires Dr. Schwartz to
comply with certain confidentiality, non-competition and
non-solicitation obligations.

On April 30, 2015, RestorGenex and its wholly owned subsidiaries,
Canterbury Laboratories, LLC and Hygeia Therapeutics, Inc.,
transferred certain of its non-focus technology rights to Or-Genix
Therapeutics, Inc., in exchange for a 19.9% ownership interest in
Or-Genix, representing 2,484,395 shares of the common stock of
Or-Genix, and purchased $250,000 in perpetual non-redeemable
preferred stock.  The perpetual preferred stock provides
RestorGenex with a liquidation right in an amount equal to the
initial purchase price for the shares upon a change in control or
other liquidity event of Or-Genix.  RestorGenex also has certain
"piggyback" registration rights, the right to purchase shares in
connection with certain future stock issuances by Or-Genix, and
indemnification and informational rights.  The rights RestorGenex
transferred include exclusive rights to a compound currently known
as "RES-102," which is a "soft" estrogen potentially to be
developed for the treatment of aging skin fragility/thinning and
vulvo-vaginal atrophy, and exclusive rights to a compound currently
known as "RES-214," a non-prescription cosmeceutical product under
development by a sublicensee.  RestorGenex previously licensed
these rights from Yale University and as part of this transaction
assigned those license agreements to Or-Genix.  RestorGenex also
assigned its rights under a sublicense agreement with Ferndale
Pharma Group, Inc. for the formulation, manufacture, sale and
marketing of RES-214.  

Or-Genix is founded and owned primarily by Yael Schwartz, Ph.D., a
former member of RestorGenex's Board of Directors and former
executive vice president, Preclinical Development.  The transfer of
these technology rights to Or-Genix was executed since RestorGenex
is focusing its development efforts and resources on its other
technologies.

                         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 $14.4 million in 2014,
a net loss of $2.46 million in 2013 and a net loss of $6.85 million
in 2012.  As of Dec. 31, 2014, Restorgenex had $42.8 million in
total assets, $4.61 million in total liabilities and $38.2 million
in stockholders' equity.


SABINE OIL: Credit Facility Borrowing Base Lowered to $750-Mil.
---------------------------------------------------------------
Sabine Oil & Gas Corporation disclosed that, effective as of April
27, 2015, the borrowing base under its revolving credit facility
has been decreased from $1 billion to $750 million as part of the
Company's regularly scheduled semi-annual redetermination by its
lenders.  The decrease in the borrowing base has resulted in a
deficiency of approximately $250 million, which must be repaid in
six monthly installments of approximately $41.5 million with the
first payment being due at the end of May.

Additionally, the Company continues to work with the lenders under
its revolving credit facility to address the existing default under
the facility before the end of the grace period on May 8, 2015. As
previously announced, Sabine has retained financial advisors Lazard
and legal advisors Kirkland & Ellis LLP to advise management and
the board of directors on strategic alternatives related to its
capital structure.

As of April 20, 2015, as previously reported, the Company had a
cash balance of approximately $280 million, which provides
substantial liquidity to fund its current operations.  Sabine is
continuing to pay suppliers and other trade creditors in the
ordinary course.

On April 30, 2015, the Company received notice that Wilmington
Savings Fund Society, FSB has been appointed as successor trustee
under the Company's indenture dated as of Sept. 17, 2012, governing
its 7.5% senior notes due 2020 originally issued by Forest Oil
Corporation.

Additional information about the borrowing base redetermination is
contained in a report on Form 8-K filed with the SEC, a copy of
which is available at http://is.gd/6MoGDz

                           About Sabine

Sabine Oil & Gas LLC, (formerly Forest Oil Corporation) is an
independent energy company engaged in the acquisition, production,
exploration and development of onshore oil and natural gas
properties in the United States.  Sabine's current operations are
principally located in Cotton Valley Sand and Haynesville Shale in
East Texas, the Eagle Ford Shale in South Texas, and the Granite
Wash in the Texas Panhandle.  See http://www.sabineoil.com/    

Sabine Oil reported a net loss including non-controlling interests
of $327 million in 2014, compared with net income including
non-controlling interests of $10.6 million in 2013.

As of Dec. 31, 2014, the Company had $2.43 billion in total assets,
$2.5 billion in total liabilities, and a $63.8 million total
shareholders' deficit.

Deloittee & Touche LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the uncertainty associated with
the Company's ability to repay its outstanding debt obligations as
they become due raises substantial doubt about its ability to
continue as a going concern.
     
                            *    *    *

As reported by the TCR on April 6, 2015, Moody's Investors Service
downgraded Sabine Oil & Gas Corporation's Corporate Family Rating
to Caa3 from Caa1.  The rating action was prompted by SOGC's
disclosure on March 31, 2015, that it is in default under its
revolving credit facility and second lien term loan as a result of
a going concern qualification related to its Dec. 31, 2014, audited
financial statements.

The TCR reported on April 24, 2015, that Standard & Poor's Ratings
Services lowered its corporate credit on Sabine Oil & Gas Corp. to
'D' from 'CCC'.  The 'D' rating reflects the missed interest
payment on the company's second-lien term loan due 2018.


SABINE OIL: Enters Into Forbearance Agreement with Lenders
----------------------------------------------------------
Sabine Oil & Gas Corporation on May 5 disclosed that it has entered
into a forbearance agreement with the lenders under its revolving
credit facility.  The forbearance agreement will provide the
Company with additional flexibility as it continues discussions
with its creditors and their respective professionals regarding the
Company's debt and capital structure.  The Company's financial
advisors Lazard and legal advisors Kirkland & Ellis LLP are
advising management and the board of directors on strategic
alternatives related to its capital structure.

As previously reported, as of April 20, 2015, the Company had a
cash balance of approximately $280 million, which provides
substantial liquidity to fund its current operations.  The Company
is continuing to pay suppliers and other trade creditors in the
ordinary course.

Additional information about the forbearance agreement is contained
in a report on Form 8-K filed on May 5 with the SEC.

               About Sabine Oil & Gas Corporation

Sabine Oil & Gas Corporation -- http://www.sabineoil.com-- is an
independent energy company engaged in the acquisition, production,
exploration and development of onshore oil and natural gas
properties in the United States.  Sabine's current operations are
principally located in the Cotton Valley Sand and Haynesville Shale
in East Texas, the Eagle Ford Shale in South Texas, the Granite
Wash in the Texas Panhandle and the North Louisiana Haynesville.


SANUWAVE HEALTH: Incurs $1.15 Million Net Loss in First Quarter
---------------------------------------------------------------
SANUWAVE Health, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.15 million on $210,000 of revenues for the three months ended
March 31, 2015, compared to a net loss of $2.56 million on $145,000
of revenues for the same period in 2014.

As of March 31, 2015, the Company had $3.49 million in total
assets, $6.18 million in total liabilities, and a $2.69 million
total stockholders' deficit.

Since inception in 2005, the Company's operations have primarily
been funded from the sale of capital stock and convertible debt
securities.  At March 31, 2015, the Company had cash and cash
equivalents totaling $2.45 million and negative working capital of
$3.25 million.  For the three months ended March 31, 2015, and
2014, the net cash used by operating activities was $1.08 million
and $2.12 million, respectively.  Since inception, the Company has
experienced recurring losses from operations and had an accumulated
deficit of $89.3 million at March 31, 2015.

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

                        http://is.gd/u7pjNK

                       About SANUWAVE Health

Alpharetta, Ga.-based SANUWAVE Health, Inc., is an emerging global
regenerative medicine company focused on the development and
commercialization of noninvasive, biological response activating
devices for the repair and regeneration of tissue, musculoskeletal
and vascular structures.

SANUWAVE Health reported a net loss of $5.97 million on $847,000 of
revenues for the year ended Dec. 31, 2014, compared with a net loss
of $11.3 million on $800,000 of revenues in 2013.


SEADRILL LTD: Bank Debt Trades at 18% Off
-----------------------------------------
Participations in a syndicated loan under Seadrill Ltd is a
borrower traded in the secondary market at 82.13 cents-on-the-
dollar during the week ended Friday, May 8, 2015, according to data
compiled by LSTA/Thomson Reuters MTM Pricing and reported in The
Wall Street Journal.  This represents an increase of 0.30
percentage points from the previous week, The Journal relates.
Seadrill Ltd pays 300 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Feb. 17, 2021.  The bank debt
carries Moody's B2 and Standard & Poor's B rating.  The loan is one
of the biggest gainers and losers among 257 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.



SEQUENOM INC: Earns $14.3 Million in First Quarter
--------------------------------------------------
Sequenom, Inc., reported net earnings of $14.3 million on $37.8
million of total revenues for the three months ended March 31,
2015, compared to a net loss of $15.7 million on $37.06 million of
total revenues for the same period last year.

As of March 31, 2015, the Company had $145 million in total assets,
$161 million in total liabilities, and a $15.1 million total
stockholders' deficit.

"We are pleased with our continued financial and operational
improvements as well as the addition of test fee revenues from our
NIPT patent pool," said Bill Welch, president and chief executive
officer of Sequenom, Inc.  "In addition, we expanded our prenatal
testing menu with the launches of the VisibiliT and HerediT
Universal laboratory-developed tests to support future growth."

As of March 31, 2015, total cash, cash equivalents, and marketable
securities were $90.7 million.

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

                        http://is.gd/d6Tk13

                           About Sequenom

Sequenom, Inc. (NASDAQ: SQNM) -- http://www.sequenom.com/-- is a
life sciences company committed to improving healthcare through
revolutionary genetic analysis solutions.  Sequenom develops
innovative technology, products and diagnostic tests that target
and serve discovery and clinical research, and molecular
diagnostics markets.  The company was founded in 1994 and is
headquartered in San Diego, California.


SIXTH STREET PLAZA: Files for Chapter 11, Evades Foreclosure
------------------------------------------------------------
Brian Bandell at the South Florida Business Journal reports that
Sixth Street Plaza, Inc, filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-18168) on May 4, 2015, estimating its
assets and liabilities at between $1 million and $10 million each.
The petition was signed by Maria Freeman, president.

Brian Bandell at South Florida Business Journal reports that the
Company's 22,825-square-foot retail/office plaza at 900 through 930
N.W. Sixth Street (Sistrunk Boulevard) with 21,000 square feet of
parking behind it, along with MJ Investment Holdings'
2,630-square-foot warehouse at 918 N.W. Eighth Avenue, were slated
for for foreclosure auction on May 5, 2015, after Regent Bank won
foreclosure judgments of $2.1 million and $304,250 against MJ
Investment, Sixth Street and managing member Ms. Freeman.  

According to Business Journal, the larger building was constructed
with the help of public funds.  Both companies, the report says,
filed for Chapter 11.  The report states that Sixth Street valued
its property at $2.2 million while MJ Investment valued its
building at $302,310.

Citing Susan D. Lasky, Esq., Susan D. Lasky, PA, the bankruptcy
counsel of both companies, Business Journal relates that the
building is fully leased and should have enough cash flow to pay
its debt now.  The report quoted Ms. Lasky as saying, "It looks
like there is equity in these properties.  Allegedly they cash flow
now so they should be able to do something with the debt. It seems
that she knows the area and cares about it and is really into
trying to bring the properties up."

Judge Raymond B. Ray presides over the case.

Susan D. Lasky, Esq., Susan D. Lasky, PA, serves as the Company's
bankruptcy counsel.

Sixth Street Plaza, Inc, is headquartered in Fort Lauderdale,
Florida.


SOLAR POWER: To Offer 52.1 Million Shares Under Equity Plan
-----------------------------------------------------------
Solar Power, Inc. filed a Form S-8 registration statement for the
purpose of registering additional 52,106,374 shares of common stock
under the Company's 2006 Equity Incentive Plan.  The proposed
maximum aggregate offering price is $104.4 million.  A copy of the
prospectus is available at http://is.gd/gVte8y

                         About Solar Power

Roseville, Cal.-based Solar Power, Inc., is a global solar
energy facility developer offering its own brand of high-
quality, low-cost distributed generation and utility-scale SEF
development services.  Primarily, the Company works directly with
and for developers around the world who hold large portfolios of
SEF projects for whom it serves as an engineering, procurement and
construction contractor.  The Company also performs as an
independent, turnkey SEF developer for one-off distributed
generation and utility-scale SEFs.

Solar Power reported a net loss of $5.19 million in 2014, a net
loss of $32.2 million in 2013 and a net loss of $25.4 million in
2012.  As of Dec. 31, 2014, the Company had $588 million in total
assets, $326 million in total liabilities, and $262 million in
total stockholders' equity.


SOMERSET STUDIOS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Somerset Studios, Incorporated
        1915 Jamestown Road
        Morganton, NC 28655

Case No.: 15-40180

Chapter 11 Petition Date: May 7, 2015

Court: United States Bankruptcy Court
       Western District of North Carolina (Shelby)

Judge: Hon. Craig Whitley

Debtor's Counsel: Richard S. Wright, Esq.
                  MOON WRIGHT & HOUSTON, PLLC
                  227 W. Trade Street, Suite 1800
                  Charlotte, NC 28202
                  Tel: (704) 944-6564
                  Fax: (704) 944-0380
                  Email: rwright@mwhattorneys.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Stephen K.C. West, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ncwb15-40180.pdf


SPENDSMART NETWORKS: Sells 5.5 Units to Accredited Investor
-----------------------------------------------------------
SpendSmart Networks, Inc., closed on a private offering and issued
and sold 5.5 units to an accredited investor with each Unit
consisting of a 9% Convertible Promissory Note with the principal
face value of $50,000 and a warrant to purchase 66,667 shares of
the Company's common stock, according to a document filed with the
Securities and Exchange Commission.

The Company also agreed to provide piggy-back registration rights
to the holder of the Units.  The Note has a term of 12 months, pays
interest semi-annually at 9% per annum and can be voluntarily
converted by the holder into shares of common stock at an exercise
price of $0.75 per share, subject to adjustments for stock
dividends, splits, combinations and similar events as described in
the Notes.  In addition, if the Company issues or sells common
stock at a price below the conversion price then in effect, the
conversion price of the Notes shall be adjusted downward to that
price but in no event shall the conversion price be reduced to a
price less than $0.50 per share.  The Warrants have an exercise
price of $1.00 per share and have a term of five years.  The
holders of the Warrants may exercise the Warrants on a cashless
basis for as long as the shares of common stock underlying the
Warrants are not registered on an effective registration statement.
The Company plans to use net proceeds from the sale of the Units
for general working capital.

                      About SpendSmart Networks

SpendSmart Networks, Inc., provides proprietary loyalty systems
and a suite of digital engagement and marketing services that help
local merchants build relationships with consumers and drive
revenues.  These services are implemented and supported by a vast
network of certified digital marketing specialists, aka "Certified
Masterminds," who drive revenue and consumer relationships for
merchants via loyalty programs, mobile marketing, mobile commerce
and financial tools, such as prepaid card and reward systems.  We
enter into licensing agreements for our proprietary loyalty
marketing solution with "Certified Masterminds" which sell and
support the technology in their respective markets.  The Company's
products aim to make Consumers' dollars go further when they spend
it with merchants in the SpendSmart network of merchants, as they
receive exclusive deals, earn rewards and ultimately build a
connection with their favorite merchants.

SpendSmart Networks incurred a net loss of $12.2 million on $4.03
million of total revenues for the year ended Dec. 31, 2014,
compared to a net loss of $14.09 million on $0 of total revenues
for the year ended Dec. 31, 2013.  As of Dec. 31, 2014, the Company
had $10.02 million in total assets, $2.65 million in total
liabilities and $7.36 million in total stockholders' equity.

EisnerAmper LLP, in Iselin, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has recurring net
losses since inception and has yet to establish a profitable
operation.  These factors among others raise substantial doubt
about the ability of the Company to continue as a going concern,
according to the regulatory filing.


SPYR INC: Appoints Barry Loveless Chief Financial Officer
---------------------------------------------------------
Barry Loveless, an officer and shareholder of Robison, Hill & Co.,
has been appointed as the chief financial officer of Spyr Inc. for
a term of six months terminating on Oct. 30, 2015, according to a
document filed with the Securities and Exchange Commission.  

There was no arrangement or understanding between Robison, Hill &
Co. or Mr. Loveless and any other person pursuant to which Mr.
Loveless was selected as an officer.  There exists no family
relationship between any director or executive officer of the
Company and Robison, Hill & Co., and its affiliates and control
persons, or Mr. Loveless.

Mr. Loveless, age 48, is a licensed Certified Public Accountant,
graduating with a Bachelor of Arts degree in Accounting from the
University of Utah in 1992.  Mr. Loveless completed his Masters of
Professional Accountancy degree from the University of Utah in
1993.  Mr. Loveless has practiced as a licensed Certified Public
Accountant since 1995.  Since 1998, Mr. Loveless served as an
officer and shareholder of Robison, Hill & Co.  While at Robison,
Hill & Co. Mr. Loveless focused on providing professional
accounting services for various public company clients including
financial statement audits and registration statements along with
the annual, interim and information filings required by the
Securities Exchange Commission.  He is a member of the American
Institute of Certified Public Accountants and the Utah Association
of Certified Public Accountants.

The Company agreed to compensate Robison, Hill & Co. with a monthly
fee of $6,250.

                          About SPYR, INC.

SPYR, INC., formerly known as Eat at Joe's, Ltd, is a holding
company that through its wholly-owned subsidiary, Franklin
Networks, Inc., is engaged in digital publishing and advertising
operations and through its other wholly-owned subsidiary, E.A.J.:
PHL, Airport Inc., owns and operates an "American Diner" theme
restaurant located in the Philadelphia International Airport in
Philadelphia, Pennsylvania called "Eat at Joe's."  The Company is
currently exploring opportunities for additional acquisitions in
these and other verticals, including mobile application and game
development, in order to expand its holdings, to drive and increase
revenue and to generate profits and build value for shareholders.

Spyr reported net income of $2.19 million on $1.45 million of
revenues for the year ended Dec. 31, 2014, compared with a net loss
of $1.38 million on $1.31 million of revenues for the year ended
Dec. 31, 2013.  As of Dec. 31, 2014, the Company had $13.3 million
in total assets, $343,000 in total liabilities and $12.9 million in
total stockholders' equity.

                            *   *    *

This concludes the Troubled Company Reporter's coverage of Spyr
Inc. until facts and circumstances, if any, emerge that demonstrate
financial or operational strain or difficulty at a level sufficient
to warrant renewed coverage.


STANDARD REGISTER: US Trustee Blocks Key Employee Incentive Plan
----------------------------------------------------------------
Joe Cogliano at the Dayton Business Journal reports that Andrew
Vara, the U.S. Trustee in Standard Register Co.'s Chapter 11 case,
has objected to the Company's proposed $4.3 million bonus plan,
saying that the Company failed to demonstrate the payments are
necessary to preserve the value of the Company through the bidding
process.

The U.S. Bankruptcy Court for the District of Delaware will hold a
hearing this week to consider the Company's proposed key employee
incentive plan, Business Journal relates.

As reported by the Troubled Company Reporter on April 22, 2015, the
Dayton Daily News reported that Company sought on April 19, 2015,
the permission of the Court to pay as much as $4.3 million in
bonuses to 2% of the Company's 3,500 employees.  The Company said
in court filings that 49 senior-level or executive employees whose
institutional knowledge or skills are essential to the Company
coming out of bankruptcy successfully will be eligible for the
bonuses.  According to Joe Cogliano at the Dayton Business Journal,
the bonus plan works out to roughly $87,000 -- per person, on
average.

Mr. Vara, the Business Journal states, complained that: (i)
important details like names, titles, salaries, proposed incentive
amounts, and revenue goals were all filed under seal; (ii) there is
no explanation of how revenue targets were established, leaving the
trustee, the Court and others to speculate on their degree of
difficulty; (iii) the Company failed to disclose bonuses or
incentive compensations paid to people on the list in the year
prior to bankruptcy; and (iv) approved procedures in the case don't
require bidders to fund the incentive plan, so it is unclear who
will be responsible for paying it if the winning bidder declines to
make payments.

                     About Standard Register

Standard Register -- http://www.standardregister.com/-- provides  

market-specific insights and a compelling portfolio of
workflow,content and analytics solutions to address the changing
business landscape in healthcare, financial services, manufacturing
and retail markets.  The Company has operations in all U.S. states
and Puerto Rico, and currently employs 3,500 full-time employees
and 16 part-time employees.

The Standard Register Company and 10 affiliated debtors sought
Chapter 11 protection in Delaware on March 12, 2015, with plans to
launch a sale process where its largest secured lender would serve
as stalking horse bidder in an auction.

The cases are pending before the Honorable Judge Brendan L. Shannon
and are jointly administered under Case No. 15-10541.

The Debtors have tapped Gibson, Dunn & Crutcher LLP and Young
Conaway Stargatt & Taylor LLP as counsel; McKinsey Recovery &
Transformation Services U.S., LLC, as restructuring advisors; and
Prime Clerk LLC as claims agent.


STEREOTAXIS INC: Elects Medical Device Industry Veteran to Board
----------------------------------------------------------------
Stereotaxis, Inc., announced the election of medical device
industry veteran Duane DeSisto to its Board of Directors.  Mr.
DeSisto was previously president, CEO and director of Insulet
Corporation, developers of the groundbreaking OmniPod Insulin
Management System, before retiring in September 2014.  His
appointment increases the number of Stereotaxis board members to
eight.

"Duane brings more than 25 years of experience in the medical
device industry and is a visionary business leader with a highly
successful track record of driving and managing transformational
growth in startup and public companies," said William C. Mills,
Stereotaxis chief executive officer.  "His extensive background in
operational leadership and commercialization of advanced medical
therapies will be a valuable resource for Stereotaxis as we
continue to innovate and grow."

Mr. DeSisto served as president and CEO of Insulet since 2001,
where he led the creation and commercial adoption of the Company's
debut product, OmniPod, the world's first tubing-free disposable
insulin pump.  Under Mr. DeSisto, Insulet grew from an early-stage
company to a market cap of more than $2 billion and was nationally
recognized for its technology design and rapid growth, including
being listed fourth on Forbes' "Most Innovative Growth Companies"
in 2014 with five-year average sales growth of 47 percent.  Prior
to that, he also served as chief financial officer of AAI-Foster
Grant and Zoll Medical Corporation.  Mr. DeSisto graduated with a
B.S. degree from Providence College and an M.B.A. from Bryant
College.

"Stereotaxis is an exciting organization, with technology that has
the potential to become the standard of care in an industry that is
trending towards automation," said Mr. DeSisto.  "I look forward to
working with the Stereotaxis Board and leadership team to help
further the commercial success of their innovative products."

Mr. DeSisto will receive 20,000 restricted share units and other
compensation on the same basis as all other non-management
Directors of the Company.

                         About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $5.20 million in 2014, a net
loss of $68.8 million in 2013 and a net loss of $9.23 million in
2012.  As of Dec. 31, 2014, Stereotaxis had $23.9 million in total
assets, $36.4 million in total liabilities, and a $12.5 million
stockholders' deficit.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has incurred recurring
operating losses and has a net capital deficiency.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


STEREOTAXIS INC: Incurs $3.13 Million Net Loss in First Quarter
---------------------------------------------------------------
Stereotaxis, Inc. reported a net loss of $3.13 million on $9.53
million of total revenue for the three months ended March 31, 2015,
compared to a net loss of $4.13 million on $8.35 million of total
revenue for the same period during the prior year.

As of March 31, 2015, the Company had $22.0 million in total
assets, $36.8 million in total liabilities and a $14.8 million
total stockholders' deficit.

"The significant year-over-year gains we achieved in system and
total revenue for the quarter reflect progress with our ongoing
initiatives to improve commercial results," said William C. Mills,
Stereotaxis chief executive officer.  "We are especially encouraged
by our continued momentum in Japan, where we shipped our second
Niobe magnetic navigation system during the quarter and continue to
engage with high priority institutions.  We now have shipped Niobe
systems to Japan in consecutive quarters, which reinforces our
long-standing conviction about the significance of this new market
for Stereotaxis."

Mr. Mills continued, "In the U.S., we plan to work toward expanded
functionality of our Vdrive robotic navigation system, following
the recent clearance of additional disposable devices. With three
Vdrive system disposables cleared for use in the U.S., physicians
can fully avail themselves of the dual arm capabilities of the
Vdrive Duo system to improve procedural workflow and results."

At March 31, 2015, Stereotaxis had cash and cash equivalents of
$4.4 million, compared to $7.3 million at Dec. 31, 2014, and there
were no borrowings against its revolving line of credit facility.
Cash burn for the first quarter of 2015 was $3.3 million compared
to $2.4 million in the first quarter of 2014 and $1.4 million in
the fourth quarter.  At quarter end, total debt was $18.3 million
related to HealthCare Royalty Partners long-term debt.  During the
first quarter, the Company extended its $10 million revolving
credit facility with Silicon Valley Bank to March 31, 2018.

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

                        http://is.gd/LBJhm7

                         About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $5.20 million in 2014, a net
loss of $68.8 million in 2013 and a net loss of $9.23 million in
2012.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has incurred recurring
operating losses and has a net capital deficiency.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


SUNGARD AVAILABILITY: Bank Debt Trades at 7% Off
------------------------------------------------
Participations in a syndicated loan under SunGard Availability is a
borrower traded in the secondary market at 93.25 cents-on-the-
dollar during the week ended Friday, May 8, 2015, according to data
compiled by LSTA/Thomson Reuters MTM Pricing and reported in The
Wall Street Journal.  This represents an increase of 1.31
percentage points from the previous week, The Journal relates. The
Company pays 500 basis points above LIBOR to borrow under the
facility.  The bank loan matures on March 27, 2019.  The bank debt
carries Moody's Ba3 and Standard & Poor's B+ rating.  The loan is
one of the biggest gainers and losers among 257 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.



TENET HEALTHCARE: Reports $47 Million Net Income in 1st Quarter
---------------------------------------------------------------
Tenet Healthcare Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
attributable to common shareholders of $47 million on $4.42 billion
of net operating revenues for the three months ended March 31,
2015, compared with a net loss attributable to common shareholders
of $32 million on $3.92 billion of net operating revenues for the
same period in 2014.

As of March 31, 2015, the Company had $18.42 billion in total
assets, $17.2 billion in total liabilities, $208 million in
redeemable noncontrolling interests in equity of consolidated
subsidiaries and $972 million in total equity.

"This was a very good quarter for Tenet, characterized by a
continuation of the strong volume trends from the second half of
2014, exceptional results at Conifer, and EBITDA that exceeded our
expectations," said Trevor Fetter, president and chief executive
officer.  "We also made a number of important steps in the quarter
to improve Tenet's strategic position.  We expect these actions to
enable us to generate faster growth, improve margins and increase
free cash flow.  This includes our recently announced joint venture
with United Surgical Partners International and Welsh Carson to
form the nation's largest network of ambulatory surgery centers and
leading provider of ambulatory solutions to not-for-profit health
systems."

Cash and cash equivalents were $185 million at March 31, 2015, a
decrease of $8 million from $193 million at Dec. 31, 2014.

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

                        http://is.gd/hTWNd7

                            About Tenet

Tenet Healthcare Corporation -- http://www.tenethealth.com/-- is a
national, diversified healthcare services company with 110,000
employees united around a common mission: to help people live
happier, healthier lives.  The company operates 80 hospitals, 214
outpatient centers, six health plans and Conifer Health Solutions,
a leading provider of healthcare business process services in the
areas of revenue cycle management, value based care and patient
communications.

Tenet Healthcare reported net income attributable to the Company's
shareholders of $12 million for the year ended Dec. 31, 2014,
compared to a net loss attributable to the Company's shareholders
of $134 million during the prior year.

                             *    *    *

Tenet carries a 'B' IDR from Fitch Ratings, 'B' corporate credit
rating from Standard & Poor's Ratings Services and 'B1' Corporate
Family Rating from Moody's Investors Service.


TERVITA CORP: Bank Debt Trades at 5% Off
----------------------------------------
Participations in a syndicated loan under which Tervita Corp is a
borrower traded in the secondary market at 95.80 cents-on-the-
dollar during the week ended Friday, May 8, 2015, according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents an increase of 1.05
percentage points from the previous week, The Journal relates.
Tervita Corp pays 500 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Jan. 24, 2018.  The bank debt
carries Moody's B3 rating and S&P's B- rating.  The loan is one of
the biggest gainers and losers among 257 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.



TRANS ENERGY: Unit Amends Credit Agreement with Morgan Stanley
--------------------------------------------------------------
Trans Energy, Inc.'s wholly owned subsidiary, American Shale
Development, Inc., on April 27, 2015, entered into a consent and
agreement that amended the credit agreement dated May 21, 2014, and
the associated NPI agreement by and among American Shale, several
other financial institutions parties thereto as lenders, and Morgan
Stanley Capital Group Inc. as the administrative agent.

The Consent and Agreement reduced the contingent borrowing
availability under the Tranche B facility from $47.5 million to $10
million, and eliminated the Tranche C facility.  Potential
borrowings under the Tranche B facility had been contingent on
American Shale's ability to meet certain levels of PV-10 value for
its producing properties, and as such there was no additional
availability under Tranche B as of the signing of the Consent and
Agreement.  There were no other changes to the terms of the Tranche
A facility loans under the credit agreement.  The NPI agreement was
amended to set the contingent NPI percentage at approximately
2.53%.

Under the Consent and Agreement, the administrative agent also
consented to the monetization of a portion of American Shale's
natural gas hedges and the disposition of a portion of American
Shale's working and net revenue interests in wells in Marion
County, West Virginia that have been recently drilled but not
completed.

On the same date, American Shale entered into an agreement with
Republic Energy Operating, LLC. Under this agreement, American
Shale agreed to use the proceeds from the aforementioned hedge
monetization as well as the sale of the Working Interests to pay
all amounts due under the March 2015 joint interest billing
statement in the amount of approximately $13.8 milion provided by
Republic Energy Operating, LLC.  American Shale reserves the option
to reacquire the Working Interests pursuant to a notice of election
at agreed upon prices set forth in the agreement.

                         About Trans Energy

St. Mary's, West Virginia-based Trans Energy, Inc. (OTC BB: TENG)
-- http://www.transenergyinc.com/-- is an independent energy
company engaged in the acquisition, exploration, development,
exploitation and production of oil and natural gas.  Its operations
are presently focused in the State of West Virginia.

Trans Energy reported a net loss of $17.7 million in 2013 following
a net loss of $21.2 million in 2012.  The Company's balance sheet
at Sept. 30, 2014, showed $103.6 million in assets, $130.2 million
in total liabilities and a $26.6 million total stockholders'
deficit.


TRAVELPORT WORLDWIDE: Posts $7 Million Net Loss in First Quarter
----------------------------------------------------------------
Travelport Worldwide Limited filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing
a net loss of $7 million on $572 million of net revenue for the
three months ended March 31, 2015, compared to a net loss of $27
million on $572 million of net revenue for the same period in
2014.

Net loss decreased by $20 million primarily as a result of a $49
million decrease in interest expense and loss on extinguishment of
debt due to the deleveraging, debt refinancing and IPO transactions
completed in 2014 plus an $11 million improvement related to the
Company's non-controlled subsidiary investments (includes a $6
million gain on the sale of all of our remaining shares of Orbitz
Worldwide, Inc.), offset by a $41 million decrease in operating
income.

As of March 31, 2015, the Company had $2.89 billion in total
assets, $3.24 billion in total liabilities and a $354 million total
deficit.

Gordon Wilson, president and CEO of Travelport, commented:

"Travelport is off to a solid start in 2015 with the first quarter
in line with our expectations.  2015 continues to be a transition
year for Travelport as we move beyond the resolution of two key
legacy contracts.  Net of these, we are seeing real momentum in our
business as we continue to invest in our platform and its
'go-to-market' capabilities.  Our industry-leading Rich Content &
Branding merchandising solution continues to rapidly gain traction
across the airline community, with seven of the world's top ten
airlines now participating.  We also continue to see double-digit
growth in the Beyond Air area of our business.  This has been
driven by our focus on broadening the available content in
hospitality which, in turn, drove an 11% increase in hospitality
segments booked per 100 airline tickets, as well as eNett's
continuing expansion.  We are excited about the future and remain
on course with our guidance for this year."

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

                        http://is.gd/yrqp4n

                     About Travelport Worldwide

Travelport Worldwide Limited is a travel commerce platform
providing distribution, technology, payment and other solutions
for the global travel and tourism industry.

                           *     *     *

As reported by the TCR in March 2015, Standard & Poor's Ratings
Services raised to 'B' from 'B-' its long-term corporate credit
rating on U.K.-based travel services provider Travelport Worldwide
Ltd.  The rating action reflects Travelport's good operating
performance in 2014.


TRINITY INDUSTRIES: Fitch Affirms BB+ Ratings on Convertible Notes
------------------------------------------------------------------
Fitch Ratings has affirmed the Issuer Default Rating (IDR) for
Trinity Industries Inc. (TRN) at 'BBB-'. In addition, Fitch has
affirmed the senior unsecured revolving credit facility at 'BBB-'
and TRN's subordinated convertible notes at 'BB+'. The Rating
Outlook is Stable.

KEY RATING DRIVERS

The ratings incorporate TRN's low leverage, financial flexibility,
and leading industry positions in a majority of the company's
business lines. Industry demand in TRN's key railcar market is in a
strong part of the cycle and should support results even when
demand eventually moderates, although the potential for a sharp
industry downturn remains a rating concern. TRN has a substantial
railcar leasing business which broadens the company's industry
presence and scale and helps to mitigate the impact of cyclicality
at the rail and other manufacturing operations. Fitch's assessment
of TRN's manufacturing businesses considers Trinity Industries
Leasing Company (TILC) on an equity basis.

Rating concerns include cyclicality in most of TRN's manufacturing
businesses, potential financial support needed for TILC in a stress
scenario, litigation risk, and integration risk related to
acquisitions. Fitch expects TRN to adjust cash deployment,
including investments in TILC, in order to offset decreased
profitability and negative free cash flow (FCF) during cyclical
downturns in the manufacturing businesses.

Guardrail litigation represents a significant rating concern
following an award against TRN in October 2014 for $525 million of
damages under the federal False Claims Act. The total amount could
be increased by as much as $184 million of civil penalties to be
determined by the U.S. District Court, plus legal fees, interest
and other expenses. Timing of the court's final judgment has not
been determined and related cases involving other states and class
action shareholder lawsuits could lead to additional significant
penalties or fines. TRN recently received a subpoena from U.S.
Department of Justice for documents related to TRN's guardrail
end-terminal products.

TRN's guardrail sales are a relatively small portion of total
revenue, so the impact of the litigation on its business is a
smaller concern than the amount and timing of any cash payments to
resolve the matter. A payment by TRN, including cash collateral for
potential bonding requirements during an appeal process, could be
material and would reduce the company's liquidity, possibly
resulting in a downgrade or negative outlook. However, Fitch
considers a more likely scenario to involve a modest bonding
requirement or the usage of surety bonds through the appeal
process. Fitch assumes a reasonable worst case scenario as
approximately $1 billion, but this figure could be higher depending
on how the case develops. Following final judgment from the U.S.
District Court of Eastern Texas, Fitch expects TRN will appeal the
ruling if the outcome is unfavorable to the company. Appeal
processes often are lengthy and a final resolution could take as
long as several years, allowing TRN to use future FCF to reduce the
negative impact of any final legal rulings on liquidity or
leverage.

Fitch believes TRN may be able to fund a sizeable penalty of up to
$600 million in the near term if liquidity remains strong, TRN's
end markets continue to benefit from stable economic conditions,
and TRN follows a prudent capital deployment strategy. In the event
of a penalty in excess of approximately $600 million, Fitch
believes TRN's credit profile could deteriorate below investment
grade. However, a lengthy litigation process could provide time for
TRN to generate FCF that would improve its ability to handle a
large litigation payment.

Fitch estimates manufacturing FCF in 2015 will be near $250 million
compared to $153 million in 2014. Fitch expects TRN's operating
results will improve due to incremental revenue from Meyer Steel
Structures acquired in August 2014 and continued strong railcar
sales. FCF excludes cash flow at TILC which Fitch estimates could
decline slightly from roughly $100 million in 2014 before
considering proceeds from asset sales, primarily railcars.
Manufacturing FCF includes the impact of manufacturing and
corporate capital expenditures which TRN has budgeted at $250
million - $300 million in 2015.

Fitch expects mid-cycle leverage (gross manufacturing
debt/manufacturing EBITDA) to be approximately 1.0 - 1.5x, in line
with 1.0x at the end of 2014. Fitch expects credit metrics will
remain strong for the rating category which incorporates
flexibility to adjust to eventual downturns in TRN's cyclical end
markets.

Demand in TRN's railcar market continues to be strong as reflected
by a large backlog at the rail group that totaled $6.8 billion as
of March 31, 2015. The rail business should also see an increase in
retrofit business over the next several years following the recent
announcement by the U.S. Department of Transportation (DOT) about
enhanced railcar standards under DOT-117. The rule is intended to
address concerns about tank car safety for shipments of crude oil
and other flammable liquids. In addition, TRN's acquisition of
Meyer Steel Structures in August 2014 for nearly $600 million will
contribute to growth in TRN's Energy Equipment business.

Fitch anticipates solid near term financial results, including
operating margins in the mid-teens, should offset the impact of
additional debt incurred at the manufacturing business related to
the Meyer acquisition. As a result, Fitch expects TRN will maintain
a solid balance sheet to support the leasing business and mitigate
normal concerns about cyclicality in the company's manufacturing
businesses. The leasing business can be expected to incur costs to
modify its tank car fleet related to DOT-117, but the modifications
will occur over several years and much of the cost would be
expected to be recovered over time from lease customers. Fitch
expects any impact on TILC's leverage related to funding the tank
car modifications would be modest.

The relationship between TRN and TILC is an important rating
consideration. Fitch views TILC as a core part of TRN's railcar
business reflecting strong operational and financial linkages
between the two companies. In addition, TILC helps offset
cyclicality in TRN's manufacturing businesses and increases TRN's
presence in the railcar market by providing customers with a single
source for purchasing and financing railcars.

TILC's credit strengths include asset quality and financial
performance. Fitch considers TILC's asset quality to be strong
given the relatively high credit quality of its customer base.
Operating performance has benefitted from portfolio growth and
strong lease fundamentals. TILC performed well during the previous
downturn including low write-offs and the ability to remarket
railcars within the fleet.

TILC does not benefit from a formal support agreement from TRN
although Fitch believes TRN would support TILC due to TILC's
importance to the rail business. An important rating consideration
is TRN's ability to maintain a strong balance sheet that mitigates
normal risks related to potential disruptions of TILC's usual
funding sources or an unexpected decline in the credit quality of
TILC's lease portfolio. These risks are also mitigated by
substantial unencumbered railcar assets and, to a lesser extent,
contingent liquidity under a $1 billion warehouse facility at TILC.
TILC bears residual risk on its lease assets, offset by the long
economic life of the railcars.

TRN's liquidity at March 31, 2015 included $691 million of
consolidated cash and short-term marketable securities, most of
which is held at the manufacturing businesses. In addition, $336
million was available under a $425 million revolving credit
facility that matures in October 2016. There are no material
scheduled long term debt maturities scheduled prior to 2024 at the
manufacturing business. Debt used to fund TILC's leasing operations
totaled approximately $2.7 billion, including partially owned
subsidiaries, and nearly all of the debt is non-recourse.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for Trinity
Industries Inc. include:

  -- Industry railcar demand is strong through 2015 before the
     cycle matures and demand stabilizes or begins to decline in
     2016;

  -- The near term cash impact of the guardrail litigation is
     limited to not more than $600 million for any bonding
     requirements and litigation costs. In the event of a negative

     outcome from the litigation, Fitch assumes TRN will generate
     sufficient FCF and limit discretionary spending to fund
     future litigation-related payments without a material
     increase in leverage;

  -- Completion of a $2 billion agreement to sell railcars to
     Element Financial, of which roughly half had been completed
     by the end of 2014;

  -- Implementation of revised tank car safety standards will
     support TRN's future retrofit revenue; the negative impact on

     working capital requirements for TILC's fleet will be spread
     out and will not have a significant effect on TRN's overall
     cash flow;

  -- An increase in manufacturing capital spending supports
     manufacturing sales growth;

  -- Acquisitions are limited in the near term while TRN
     integrates Meyer Steel Structures.

RATING SENSITIVITIES

Future developments that may, individually or collectively, lead to
a negative rating action include:
   -- Inability to maintain mid-cycle manufacturing leverage
     between 1.0x - 1.5x, and maintain manufacturing leverage
     below 3.0x through a downturn;

   -- A negative outcome related to litigation surrounding TRN's
      guardrail products or other legal disputes leads to large
      payments of $600 million or more. A lengthy litigation
      process could provide time to generate FCF that would reduce

      concerns about liquidity and leverage;

   -- EBITDA margins decline and remain below 10%;

   -- Large debt funded acquisitions and share repurchases;

   -- Substantial support required for TILC.

An upgrade is unlikely in the near term based upon the cyclicality
of TRN's manufacturing business and normal funding and credit risk
at TILC. However, long term developments that could lead to a
positive rating action include:

   -- Lower sensitivity to, or diversification away from, TRN's
      cyclical end markets;
   -- Less reliance on TILC that would reduce potential support
      needed in a stress scenario;
   -- FFO adjusted leverage near 1.5x or below compared to 2.1x at

      Dec. 31, 2014;
   -- FCF/total adjusted debt consistently above 20%.

Fitch affirms TRN's ratings as follows:

Trinity Industries Inc.

   -- IDR at 'BBB-';
   -- Senior unsecured revolving credit facility at 'BBB-';
   -- Senior unsecured notes at 'BBB-'
   -- Subordinated convertible notes at 'BB+'

The Rating Outlook is Stable.

The ratings affect approximately $850 million of manufacturing debt
outstanding at March 31, 2015.




TROCOM CONSTRUCTION: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Trocom Construction Corp.
        46-27 54th Road
        Maspeth, NY 11378

Case No.: 15-42145

Nature of Business: Heavy Construction

Chapter 11 Petition Date: May 7, 2015

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Hon. Nancy Hershey Lord

Debtor's Counsel: C. Nathan Dee, Esq.
                  CULLEN & DYKMAN, LLP
                  100 Quentin Rooselvelt Blvd
                  Garden City, NY 11530
                  Tel: 516-724-3817
                  Fax: 516-357-3792
                  Email: ndee@cullenanddykman.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Joseph Trovato, president.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Advanced Mill & Pave, Inc.          Trade Debt         $463,455
214 Vincent Drive
East Meadow, NY 11554

Architectural Stone Source Inc.     Trade Debt         $199,283

Ash Tree Service, Inc.              Trade Debt         $101,565

Dawn Trucking Inc.                  Trade Debt         $229,404

Delta Environmental                 Trade Debt         $143,410

Evergreen Recycling of Corona       Trade Debt         $127,283

Hammer & Steel, Inc.                Trade Debt         $110,365

Hayward Baker, Inc.                 Trade Debt          $80,533

Hylan DataCom Electrical            Trade Debt         $133,827

In-City Enterprises Inc.            Trade Debt         $404,309
4459 Holmdel Road
Holmdel, NJ 07733

Local 1010                          Amounts due        $780,066
136-25 37th Avenue, Suite 502         Union
Flushing, NY 11354

Local 731                           Amounts due        $780,794
3411 35th Avenue                      Union
Astoria, NY 11106

Metro Fab Pipe Inc.                  Trade Debt        $341,606
15 Fairchild Court
Plainview, NY 11803

Newmark Engineering, P.C.            Trade Debt        $180,220

R and H Trucking, Inc.               Trade Debt        $142,626

Soil Solutions, Inc.                 Trade Debt        $388,769
110 Cherry Valley Avenue
West Hempstead, NY 11552

T. Mina Supply Inc.                  Trade Debt      $1,275,519
126-53 36th Avenue
Flushing, NY 11368

The Fenceman Inc.                    Trade Debt        $100,347

W & W Glass, LLC                     Trade Debt         $78,628

Windsor Electrical Contracting       Trade Debt        $489,039
95-01 Brisbin Street
Jamaica, NY 11435


TXU CORP: 2014 Bank Debt Trades at 38% Off
------------------------------------------
Participations in a syndicated loan under which TXU Corp. is a
borrower traded in the secondary market at 61.75 cents-on-the-
dollar during the week ended Friday, May 8, 2015, according to data
compiled by LSTA/Thomson Reuters MTM Pricing and reported in The
Wall Street Journal.  This represents an increase of 0.30
percentage points from the previous week, The Journal relates. TXU
Corp. pays 350 basis points above LIBOR to borrow under the
facility.  The bank loan was scheduled to mature on Oct. 10, 2014
and carries Moody's Caa3 rating and Standard & Poor's CCC- rating.
The loan is one of the biggest gainers and losers among 257 widely
quoted syndicated loans with five or more bids in secondary trading
for the week ended Friday.



UNI-PIXEL INC: To Hold Conference Call on May 11
------------------------------------------------
UniPixel, Inc., will hold a conference call on Monday, May 11,
2015, at 4:30 p.m. Eastern time to discuss the first quarter ended
March 31, 2015.  Financial results will be issued in a press
release prior to the call.

UniPixel management will host the presentation, followed by a
question and answer period.

The call will be webcast live here, as well as via a link in the
Investors section of the company's Website at
http://www.unipixel.com/investors

Webcast participants will be able to submit a question to
management via the webcast player.

Date: Monday, May 11, 2015
Time: 4:30 p.m. Eastern time (3:30 p.m. Central time)
Webcast: http://public.viavid.com/index.php?id=114486

To participate in the conference call via telephone, dial
1-719-325-4758 and provide the conference name or conference ID
6782792. Please call the conference telephone number 10 minutes
prior to the start time so the operator can register your name and
organization.

If you have any difficulty with the webcast or connecting to the
call, please contact Liolios Group at 1-949-574-3860.

A replay of the call will be available after 7:30 p.m. Eastern time
on the same day through June 11, 2015, via the same link above, or
by dialing 1-858-384-5517 and entering replay ID 6782792.

                        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 incurred a net loss of $25.7 million in 2014, a net loss
of $15.2 million in 2013 and a net loss of $9.01 million in 2012.
As of Dec. 31, 2014, Uni-Pixel had $34.91 million in total assets,
$7.55 million in total liabilities and $27.4 million in total
shareholders' equity.


VIGGLE INC: Grants Special Stock Options to Non-Employee Directors
------------------------------------------------------------------
Viggle Inc. disclosed in a document filed with the Securities and
Exchange Commission that it made a special grant of stock options
to its non-employee directors.  Peter Horan and John Miller each
received a grant of 100,000 options, and Michael Meyer and Birame
Sock each received a grant of 50,000 options.  The exercise price
of each of these options is $2.33 per share.  The options are
immediately vested and are exercisable for a period of 10 years.

                            About Viggle

New York City-based Viggle Inc. is a loyalty marketing company.
The Company has developed a loyalty program for television that
gives people real rewards for checking into the television shows
they are watching on most mobile operating system.  Viggle users
can redeem their points in the app's rewards catalog for items
such as movie tickets, music, or gift cards.

Viggle reported a net loss of $68.4 million on $18 million of
revenues for the year ended June 30, 2014, compared with a net
loss of $91.4 million on $13.9 million of revenues for the year
ended June 30, 2013.

As of Dec. 31, 2014, the Company had $72.1 million in total assets,
$51.02 million in total liabilities, $3.75 million in series C
convertible redeemable preferred stock, and $17.4 million in total
stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
June 30, 2014.  The independent auditors noted that the Company
has suffered recurring losses from operations and at June 30,
2014, has a deficiency in working capital that raises substantial
doubt about its ability to continue as a going concern.


VISCOUNT SYSTEMS: Marcum Replaces DMCL as Accountants
-----------------------------------------------------
Viscount Systems, Inc., dismissed Dale Matheson Carr-Hilton LaBonte
LLP as its independent registered public accounting firm and
engaged Marcum LLP as replacement, according to a document filed
with the Securities and Exchange Commission.  

DMCL audited the Company's financial statements for the periods
ended Dec. 31, 2014, and 2013.  The dismissal of DMCL was approved
by the Company's Audit Committee on April 28, 2015.  DMCL did not
resign or decline to stand for re-election.

Neither the report of DMCL dated March 20, 2015, on the Company's
consolidated balance sheets as of Dec. 31, 2014, and 2013, and the
related consolidated statements of operations and comprehensive
loss, stockholders' deficit and cash flows for the years ended Dec.
31, 2014, and 2013, nor the report of DMCL dated March 24, 2014, on
the Company's consolidated balance sheets as of Dec. 31, 2013, and
2012, and the related consolidated statements of operations and
comprehensive loss, stockholders' deficit and cash flows for the
years ended Dec. 31, 2013, and 2012, contained an adverse opinion
or a disclaimer of opinion, nor were either such report qualified
or modified as to uncertainty, audit scope, or accounting
principles, except that each of the reports dated
March 20, 2015, and March 24, 2014, contained an explanatory note
indicating that there is substantial doubt about the Company's
ability to continue as a going concern.

The Company said the dismissal was not a result of any disagreement
with the accounting firm.

                      About Viscount Systems

Burnaby, Canada-based Viscount Systems, Inc., is a manufacturer,
developer and service provider of access control security
products.

Viscount Systems reported a net loss and comprehensive loss of
C$991,000 on C$4.76 million of sales for the year ended Dec. 31,
2014, compared to a net loss and comprehensive loss of C$3.08
million on C$4.13 million of sales in 2013.

As of Dec. 31, 2014, the Company had C$1.59 million in total
assets, C$3.97 million in total liabilities and a C$2.37 million
total stockholders' deficit.

Dale Matheson Carr-Hilton Labonte LLP, in Vancouver, Canada, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has incurred losses in developing its business, and further
losses are anticipated in the future.  The Company requires
additional funds to meet its obligations and the costs of its
operations and there is no assurance that additional financing can
be raised when needed.  These factors raise substantial doubt about
the Company's ability to continue as a going concern.


WALTER ENERGY: Kevin Harrigan to Quit as Chief Accounting Officer
-----------------------------------------------------------------
Mr. Kevin M. Harrigan notified Walter Energy, Inc. that he will
resign as the Company's vice president, chief accounting officer
and corporate controller, effective May 20, 2015, in order to
accept a senior executive position at another company, according to
a document filed with the Securities and Exchange Commission.

                        About Walter Energy

Walter Energy -- http://www.walterenergy.com/-- is a publicly   
traded "pure-play" metallurgical coal producer for the global steel
industry with strategic access to steel producers in Europe, Asia
and South America.  The Company also produces thermal coal,
anthracite, metallurgical coke and coal bed methane gas.  Walter
Energy employs approximately 2,700 employees, with operations in
the United States, Canada and the United Kingdom.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $471 million following a net loss of $359 million in 2013.

As of Dec. 31, 2014, Walter Energy had $5.38 billion in total
assets, $5.10 billion in total liabilities, and $282 million in
stockholders' equity.

                            *    *    *

As reported by the TCR on April 21, 2015, Standard & Poor's Ratings
Services lowered its corporate credit rating on Walter Energy Inc.
to 'D' from 'CCC+'.  

"We lowered the ratings on Birmingham, Ala.-based coal miner Walter
Energy after the Company elected not to pay approximately $62
million in aggregate interest payments on its 9.5% senior secured
notes due 2019 and its 8.5% senior notes due 2021.  A payment
default has not occurred under the indentures governing the notes,
which provide a 30-day grace period.  However, we consider a
default to have occurred because we do not expect a payment to be
made within the stated grace period given the company's heavy debt
burden, which we view to be unsustainable.  In our opinion, the
Company has sufficient liquidity to operate over the next several
months as it works with creditors to restructure its balance sheet.
Cash and investments totaled approximately $435 million on March
31, 2015."

The TCR reported on May 6, 2015, that Moody's Investor Service
downgraded the corporate family rating of Walter Energy, Inc to Ca
from Caa2 and the probability default rating to Ca-PD from Caa2-PD.
The downgrade reflects the continued pressure on the company's
credit profile, and a capital structure that is untenable in
current commodity price environment.


WAVE SYSTEMS: Posts $4.9 Million Net Loss in First Quarter
----------------------------------------------------------
Wave Systems Corp. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $4.90 million on $2.45 million of total net revenues for the
three months ended March 31, 2015, compared to a net loss of $3.29
million on $5.33 million of total net revenues for the same period
in 2014.

As of March 31, 2014, the Company had $8.74 million in total
assets, $17.1 million in total liabilities and a $8.37 million
total stockholders' deficit.

Cash and cash equivalents were $3.2 million at March 31, 2015,
compared to $1.8 million at Dec. 31, 2014.  Wave's total current
assets were $4.9 million at March 31, 2015, and total current
liabilities were $9.6 million, including $5.5 million in short-term
deferred revenue.  At Dec. 31, 2014, the short-term portion of
deferred revenue was $5.1 million.

Wave President and CEO Bill Solms commented, "Our refocused and
reinvigorated sales and marketing effort yielded its first major
win during Q1 with the signing of a $2.3 million multi-year license
with a major US insurance company.  At over 250,000 licenses for
each of our Wave Protector and Wave Reporter data loss prevention
products, this is Wave's largest order ever in terms of licenses.
The agreement also demonstrates that our strategic shift in focus
to large enterprise customers is starting to gain traction.

"Our Q1 results show the continued transition of our business from
one that was reliant on royalties from bundling our software client
with OEM computing devices to a focus on selling our
client/server-based solutions to large enterprise customers, both
directly and through our partner channel.  We are optimistic about
our current sales outlook and the prospects for converting our
pipeline of growing customer interest and opportunities into
meaningful enterprise sales.  We believe that the increase in Q1
total billings was not a one-time event but represents the
beginning of expanding enterprise licensing and maintenance
contract activity at Wave."

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


                        http://is.gd/jTPZqo

                        About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products
for hardware-based digital security, including security
applications and services that are complementary to and work with
the specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems reported a net loss of $12.9 million in 2014, a net
loss of $20.3 million in 2013 and a net loss of $34 million in
2012.

KPMG LLP, in Hartford, Connecticut, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that
Wave Systems Corp. has suffered recurring losses from operations
and has a net capital deficiency that raise substantial doubt about
its ability to continue as a going concern.


WEST CORP: Reports $80.5 Million Net Income in First Quarter
------------------------------------------------------------
West Corporation reported net income of $80.5 million on $565
million of revenue for the three months ended March 31, 2015,
compared with net income of $46.3 million on $535 million of
revenue for the same period in 2014.

As of March 31, 2015, the Company had $3.54 billion in total
assets, $4.19 billion in total liabilities, and a $648 million
stockholders' deficit.

At March 31, 2015, West Corporation had cash and cash equivalents
totaling $154 million and working capital of $247 million.
Interest expense was $38.9 million during the three months ended
March 31, 2015, compared with $49.1 million during the comparable
period the prior year.

"The first quarter of 2015 was an important period for West as we
closed on the divestiture of several of our agent services
businesses, completed a successful secondary offering for our
private equity shareholders and repurchased one million shares of
our stock," said Tom Barker, chairman and chief executive officer
of West Corporation.  "Our results this quarter begin to reflect
the impact of the divestiture and we remain focused on driving
growth and profitability across our businesses while continuing to
effectively deploy the cash our company generates."

The Company also announced a $0.225 per common share dividend.  The
dividend is payable May 28, 2015, to shareholders of record as of
the close of business on May 18, 2015.

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

                         http://is.gd/jzsdDc

                      About West Corporation

Omaha, Neb.-based West Corporation is a global provider of
communication and network infrastructure solutions.  West helps
manage or support essential enterprise communications with
services that include conferencing and collaboration, public safety
services, IP communications, interactive services such as automated
notifications, large-scale agent services and telecom services.

West Corp reported net income of $158 million in 2014 following
net income of $143 million in 2013.

                         Bankruptcy Warning

"If our cash flows and capital resources are insufficient to fund
our debt service obligations and to fund our other liquidity needs,
we may be forced to reduce or delay capital expenditures or the
payment of dividends, sell assets or operations, seek additional
capital or restructure or refinance our indebtedness. We cannot
make assurances that we would be able to take any of these actions,
that these actions would be successful and permit us to meet our
scheduled debt service obligations or that these actions would be
permitted under the terms of our existing or future debt
agreements, including our senior secured credit facilities or the
indenture that governs our outstanding notes. Our senior secured
credit facilities documentation and the indenture that governs the
notes restrict our ability to dispose of assets and use the
proceeds from the disposition.  As a result, we may not be able to
consummate those dispositions or use the proceeds to meet our debt
service or other obligations, and any proceeds that are available
may not be adequate to meet any debt service or other obligations
then due.

If we cannot make scheduled payments on our debt, we will be in
default of such debt and, as a result:

   * our debt holders could declare all outstanding principal and
     interest to be due and payable;

   * our debt holders under other debt subject to cross default or
     cross acceleration provisions could declare all outstanding
     principal and interest on such other debt to be due and
     payable;

   * the lenders under our senior secured credit facilities could
     terminate their commitments to lend us money and foreclose
     against the assets securing our borrowings; and

   * we could be forced into bankruptcy or liquidation," the
     Company stated in its 2014 Report.

                          *     *     *

As reported by the TCR on June 21, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on West Corp. to 'BB-'
from 'B+'.  The upgrade reflects Standard & Poor's view that lower
debt leverage and a less aggressive financial policy will
strengthen the company's financial profile.

In the April 4, 2013, edition of the TCR, Moody's Investor Service
upgraded West Corporation's Corporate Family Rating to 'B1' from
'B2'.  "The CFR upgrade to B1 reflects West's shift to a more
conservative capital structure and financial policies as a publicly
owned company," stated Moody's analyst Suzanne Wingo.


WPCS INTERNATIONAL: Issues Additional 95,900 Common Shares
----------------------------------------------------------
From April 16, 2015, through April 30, 2015, WPCS International
Incorporated issued 95,900 shares of its common stock, par value
$0.0001 per share, in transactions that were not registered under
the Securities Act of 1933, according to a document filed with the
Securities and Exchange Commission.

The issuances on April 29, 2015, resulted in an increase in the
number of shares of Common Stock outstanding by more than 5%
compared to the number of shares of Common Stock reported
outstanding in the Current Report on Form 8-K filed by the Company
with the Securities and Exchange Commission on April 17, 2015.

The Company has issued a total of 350,244 shares of Common Stock to
holders of its Series F-1 and G-1 Convertible Preferred Stock upon
the conversion of shares of Series F-1 and G-1Convertible Preferred
Stock.  The shares of Common Stock issued upon the conversion of
shares of Series F-1 and G-1 Convertible Preferred Stock were
issued in reliance upon the exemption from registration in Section
3(a)(9) of the Securities Act of 1933.  As of April 30, 2015 the
Company has 982,660 shares of Common Stock outstanding.

               About WPCS International Incorporated

WPCS -- http://www.wpcs.com/-- operates in two business segments
including: (1) providing communications infrastructure contracting
services to the public services, healthcare, energy and corporate
enterprise markets worldwide; and (2) developing a Bitcoin trading
platform.

As reported by the TCR on Feb. 7, 2014, WPCS appointed Marcum LLP
as its new independent registered public accounting firm.
CohnReznick LLP resigned on Dec. 20, 2013.

WPCS International incurred a net loss attributable to common
shareholders of $11.2 million for the year ended April 30, 2014,
as compared with a net loss attributable to common shareholders of
$6.91 million for the year ended April 30, 2013.

As of Jan. 31, 2015, the Company had $14.8 million in total assets,
$14.8 million in total liabilities and a $36,000 total deficit.

Marcum LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the
year ended April 30, 2014.  The independent auditing firm
noted that the Company has incurred significant losses and needs
to raise additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


WPCS INTERNATIONAL: Regains Compliance with NASDAQ Rule
-------------------------------------------------------
WPCS International Incorporated received a notification from the
Nasdaq Listings Qualification Department informing the Company that
the closing bid price of the Company's common stock had been $1.00
per share or greater for the prior 10 consecutive business days,
and as a result, the Company had regained compliance with Nasdaq's
bid price requirement set forth in Listing Rule 5550(a)(2).

As disclosed in a current report on Form 8-K filed with the
Securities and Exchange Commission on Nov. 7, 2014, the Company was
notified by Nasdaq on Nov. 7, 2014, that it was not in compliance
with the Bid Price Requirement, and was granted 180 calendar days
to regain compliance.  On April 20, 2015, the Company effected a
1-for-22 reverse split of its issued and outstanding common stock
in an effort to regain compliance with the Bid Price Requirement.

               About WPCS International Incorporated

WPCS -- http://www.wpcs.com/-- operates in two business segments
including: (1) providing communications infrastructure contracting
services to the public services, healthcare, energy and corporate
enterprise markets worldwide; and (2) developing a Bitcoin trading
platform.

As reported by the TCR on Feb. 7, 2014, WPCS appointed Marcum LLP
as its new independent registered public accounting firm.
CohnReznick LLP resigned on Dec. 20, 2013.

WPCS International incurred a net loss attributable to common
shareholders of $11.2 million for the year ended April 30, 2014,
as compared with a net loss attributable to common shareholders of
$6.91 million for the year ended April 30, 2013.

As of Jan. 31, 2015, the Company had $14.8 million in total assets,
$14.8 million in total liabilities and a $36,000 total deficit.

Marcum LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the
year ended April 30, 2014.  The independent auditing firm
noted that the Company has incurred significant losses and needs
to raise additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


[*] Chelsea Penthouse Up for Sale at May 21 Bankruptcy Auction
--------------------------------------------------------------
Located at 116 West 22nd Street in the established yet still trendy
and increasingly popular section of Chelsea, bordering the historic
Flatiron District, lies one of the hottest real estate
opportunities in New York City -- a penthouse condominium with a
keyed elevator and huge outdoor patio -- going to auction on May
21st at Noon by order of the US Bankruptcy Court.  With a loft-like
design, an outdoor space large enough to host your own parties, and
floor-to-ceiling windows exuding a Zen-like feeling, the original
out-of-state owner fell in love with this building and jumped on
the opportunity to be the first and only owner of Penthouse A since
SOMA's 2007 development.

"For seven years, this property has been rarely used, much like a
diamond in the rough," explained Joshua Olshin, Managing Partner of
AuctionAdvisors.  "Now, the area is sizzling hot.  There's no doubt
potential homeowners and real estate investors will want to acquire
this beautiful and well-situated residence," he adds.  This
one-bedroom home boasts highly desirable features including
floor-to-ceiling windows, a fireplace, Juliette balconies, a large
outdoor terrace and a cyber doorman.

"While in recent years we have seen new construction with similar
features appearing in boutique style buildings, there's really no
other building that is both well located like this property and
affords this kind of luxurious outdoor space with exclusive
penthouse prestige," comments Oren Klein, Managing Partner at
AuctionAdvisors.  "This is an opportunity to get a spectacular
condominium at what will likely be a real value," he adds.   

The auction will be held on Thursday, May 21 at Noon at the
property.  Sold free and clear of liens and encumbrances, the sale
is subject to Bankruptcy Court approval.  AuctionAdvisors and
Auction Markets, LLC are the exclusive sales agents for the
Trustee.  For more information or to schedule a showing, please
contact Oren Klein, AuctionAdvisors via email at
oklein@auctionadvisors.com or by phone at 212-375-1222 ext. 703.

Based in the New York metropolitan area, AuctionAdvisors --
http://www.auctionadvisors.com-- is a full-service real estate
auction company.  With strategically located offices around the
country, AuctionAdvisors services clients in the disposition of
real estate and related assets.


[^] BOND PRICING: For The Week From May 4 to 8, 2015
----------------------------------------------------
   Company              Ticker  Coupon Bid Price  Maturity Date
   -------              ------  ------ ---------  -------------
Alpha Natural
  Resources Inc         ANR      6.000    17.750       6/1/2019
Alpha Natural
  Resources Inc         ANR      9.750    28.400      4/15/2018
Alpha Natural
  Resources Inc         ANR      6.250    15.250       6/1/2021
Alpha Natural
  Resources Inc         ANR      3.750    28.000     12/15/2017
Alpha Natural
  Resources Inc         ANR      7.500    32.250       8/1/2020
Alpha Natural
  Resources Inc         ANR      4.875    17.000     12/15/2020
Altegrity Inc           USINV   13.000    35.125       7/1/2020
Altegrity Inc           USINV   14.000    35.500       7/1/2020
Altegrity Inc           USINV   14.000    35.000       7/1/2020
American Eagle
  Energy Corp           AMZG    11.000    32.000       9/1/2019
American Eagle
  Energy Corp           AMZG    11.000    40.000       9/1/2019
Arch Coal Inc           ACI      7.000    20.150      6/15/2019
Arch Coal Inc           ACI      7.250    19.910      6/15/2021
Arch Coal Inc           ACI      9.875    25.011      6/15/2019
Arch Coal Inc           ACI      8.000    37.500      1/15/2019
Arch Coal Inc           ACI      8.000    38.500      1/15/2019
BPZ Resources Inc       BPZR     8.500    20.250      10/1/2017
BPZ Resources Inc       BPZR     6.500    15.125       3/1/2015
BPZ Resources Inc       BPZR     6.500    15.125       3/1/2049
Black Elk Energy
  Offshore Operations
  LLC / Black Elk
  Finance Corp          BLELK   13.750    41.520      12/1/2015
Caesars Entertainment
  Operating Co Inc      CZR     10.000    20.020     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.750    25.750       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR      6.500    38.125       6/1/2016
Caesars Entertainment
  Operating Co Inc      CZR     12.750    21.438      4/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      5.750    38.000      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR     10.000    19.813     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      5.750    12.500      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR     10.000    19.875     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.000    19.875     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.000    19.625     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.750    25.375       2/1/2016
Cal Dive
  International Inc     CDVI     5.000    11.000      7/15/2017
Champion
  Enterprises Inc       CHB      2.750     0.250      11/1/2037
Chassix Holdings Inc    CHASSX  10.000     5.000     12/15/2018
Chassix Holdings Inc    CHASSX  10.000     8.000     12/15/2018
Chassix Holdings Inc    CHASSX  10.000     8.000     12/15/2018
Colt Defense LLC /
  Colt Finance Corp     CLTDEF   8.750    28.000     11/15/2017
Colt Defense LLC /
  Colt Finance Corp     CLTDEF   8.750    27.375     11/15/2017
Colt Defense LLC /
  Colt Finance Corp     CLTDEF   8.750    27.375     11/15/2017
Dendreon Corp           DNDN     2.875    69.396      1/15/2016
Endeavour
  International Corp    END     12.000    20.000       3/1/2018
Endeavour
  International Corp    END      5.500     0.250      7/15/2016
Endeavour
  International Corp    END     12.000     1.000       6/1/2018
Endeavour
  International Corp    END     12.000     9.625       3/1/2018
Endeavour
  International Corp    END     12.000     9.625       3/1/2018
Energy Conversion
  Devices Inc           ENER     3.000     7.875      6/15/2013
Energy Future
  Intermediate
  Holding Co LLC /
  EFIH Finance Inc      TXU     10.000     5.750      12/1/2020
Energy Future
  Intermediate
  Holding Co LLC /
  EFIH Finance Inc      TXU     10.000     4.750      12/1/2020
Energy Future
  Intermediate
  Holding Co LLC /
  EFIH Finance Inc      TXU      6.875     3.446      8/15/2017
Exide Technologies      XIDE     8.625     1.570       2/1/2018
Exide Technologies      XIDE     8.625     1.007       2/1/2018
Exide Technologies      XIDE     8.625     1.007       2/1/2018
FBOP Corp               FBOPCP  10.000     1.843      1/15/2009
FairPoint
  Communications
  Inc/Old               FRP     13.125     1.879       4/2/2018
Fleetwood
  Enterprises Inc       FLTW    14.000     3.557     12/15/2011
GT Advanced
  Technologies Inc      GTAT     3.000    35.000      10/1/2017
Gevo Inc                GEVO     7.500    55.375       7/1/2022
HP Enterprise
  Services LLC          HPQ      3.875    96.750      7/15/2023
Hercules Offshore Inc   HERO    10.250    34.750       4/1/2019
Hercules Offshore Inc   HERO    10.250    34.250       4/1/2019
James River Coal Co     JRCC     7.875     0.400       4/1/2019
James River Coal Co     JRCC     3.125     0.250      3/15/2018
John Hancock Life
  Insurance Co          MFCCN    1.600    99.740      5/15/2015
Las Vegas Monorail Co   LASVMC   5.500     1.026      7/15/2019
Lehman Brothers
  Holdings Inc          LEH      4.000     9.125      4/30/2009
Lehman Brothers
  Holdings Inc          LEH      5.000     9.125       2/7/2009
Lehman Brothers Inc     LEH      7.500     1.000       8/1/2026
MF Global Holdings Ltd  MF       6.250    32.750       8/8/2016
MF Global Holdings Ltd  MF       1.875    25.500       2/1/2016
MF Global Holdings Ltd  MF       3.375    32.000       8/1/2018
MModal Inc              MODL    10.750    10.125      8/15/2020
Magnetation LLC /
  Mag Finance Corp      MAGNTN  11.000    34.500      5/15/2018
Magnetation LLC /
  Mag Finance Corp      MAGNTN  11.000    35.000      5/15/2018
Magnetation LLC /
  Mag Finance Corp      MAGNTN  11.000    34.375      5/15/2018
Mcron Finance Sub LLC /
  Mcron Finance Corp    MZIA     8.375   106.090      5/15/2019
Molycorp Inc            MCP      6.000     7.450       9/1/2017
Molycorp Inc            MCP      3.250     5.300      6/15/2016
Molycorp Inc            MCP      5.500    16.000       2/1/2018
NII Capital Corp        NIHD    10.000    41.000      8/15/2016
OMX Timber Finance
  Investments II LLC    OMX      5.540    19.000      1/29/2020
Powerwave
  Technologies Inc      PWAV     3.875     0.125      10/1/2027
Powerwave
  Technologies Inc      PWAV     3.875     0.125      10/1/2027
Quicksilver
  Resources Inc         KWKA     9.125    14.500      8/15/2019
Quicksilver
  Resources Inc         KWKA    11.000    14.438       7/1/2021
RadioShack Corp         RSH      6.750     5.063      5/15/2019
RadioShack Corp         RSH      6.750     3.310      5/15/2019
RadioShack Corp         RSH      6.750     3.310      5/15/2019
River Rock
  Entertainment
  Authority/The         RIVER    9.000    14.200      11/1/2018
Sabine Oil & Gas Corp   SOGC     7.250    18.500      6/15/2019
Sabine Oil & Gas Corp   SOGC     9.750    18.000      2/15/2017
Sabine Oil & Gas Corp   SOGC     7.500    23.250      9/15/2020
Sabine Oil & Gas Corp   SOGC     7.500    22.375      9/15/2020
Sabine Oil & Gas Corp   SOGC     7.500    22.375      9/15/2020
Samson Investment Co    SAIVST   9.750    11.033      2/15/2020
Saratoga Resources Inc  SARA    12.500    10.500       7/1/2016
Savient
  Pharmaceuticals Inc   SVNT     4.750     0.225       2/1/2018
TMST Inc                THMR     8.000    10.200      5/15/2013
TTM Technologies Inc    TTMI     3.250    99.000      5/15/2015
Terrestar Networks Inc  TSTR     6.500    10.000      6/15/2014
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    15.375       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500    14.500      11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    15.250       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500    14.500      11/1/2016
Tunica-Biloxi
  Gaming Authority      PAGON    9.000    62.750     11/15/2015
US Shale Solutions Inc  SHALES  12.500    49.500       9/1/2017
US Shale Solutions Inc  SHALES  12.500    52.000       9/1/2017
Venoco Inc              VQ       8.875    43.175      2/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS      8.750    59.619       2/1/2019
Walter Energy Inc       WLT      9.875     9.711     12/15/2020
Walter Energy Inc       WLT      8.500     9.101      4/15/2021
Walter Energy Inc       WLT      9.875     7.875     12/15/2020
Walter Energy Inc       WLT      9.875     7.875     12/15/2020


                            *********

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.

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 nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

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, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2015.  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 202-362-8552.

                   *** End of Transmission ***