TCR_Public/150826.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, August 26, 2015, Vol. 19, No. 238

                            Headlines

ACTIVECARE INC: Incurs $3.6 Million Net Loss in June 30 Quarter
ADS WASTE: Moody's to Retain B3 CFR on Recent IPO Filing
AFFIRMATIVE INSURANCE: Needs More Time to File Q2 Form 10-Q
ALLIANCE ONE: Stockholders Elect Three Directors
ALPHA NATURAL: Has Interim OK to Enter Into Coal Sale Contracts

ALPHA NATURAL: Has Interim OK to Pay $44.5M to Essential Vendors
AMERICAN APPAREL: Raises Doubt About Going Concern Status
AMERICAN MEDIA: Conference Call Held to Discuss Q2 Results
AMERICAN POWER: Reports Updated Third Quarter Fiscal 2015 Results
AMERICAN POWER: Signs License Agreement with Trident

AMERICAN SPECTRUM: Gets Court Approval to Obtain $500K Loan
AMSCO STEEL: Lender Opposes Proposed Cash Collateral Use
ANACOR PHARMACEUTICALS: GlaxoSmithKline Reports 4.9% Stake
APOLLO MEDICAL: Incurs $2.5 Million Net Loss in June 30 Quarter
ARCHDIOCESE OF MILWAUKEE: Files Bankruptcy Plan

ATP OIL: Court Tosses 2nd Amended Complaint in Suit v. D&Os
AURORA DIAGNOSTICS: Holds Q2 Conference Call
BG MEDICINE: Prices Underwritten Public Offering
BLUE SUN ST. JOE: Files Rule 2015-2(A) Statement
BLUE SUN ST. JOE: Files Rule 2015-2(B) Statement

BON-TON STORES: Gabelli Funds, et al., Report 11.8% Equity Stake
BON-TON STORES: Reports Second Quarter Fiscal 2015 Results
BOOMERANG SYSTEMS: Can Hire Garden City as Claims Agent
BOOMERANG SYSTEMS: Given Until Sept. 18 to File Schedules
BOOMERANG SYSTEMS: Seeks to Reject Installation Contracts

BOREAL WATER: Delays Second Quarter Form 10-Q
BPZ RESOURCES: Sept. 1 Hearing on Bid to Extend Plan Exclusivity
CAESARS ENTERTAINMENT: 2020 Bank Debt Trades at 6% Off
CANAL ASPHALT: Pension Fund Suit to Continue Against Non-Debtors
CASPIAN SERVICES: Incurs $3.5 Million Net Loss in Second Quarter

CASPIAN SERVICES: Needs More Time to File June 30 Form 10-Q
CATASYS INC: Incurs $587,000 Net Loss in Second Quarter
CHINA SHIANYUN: Reports $991,000 Net Income for Second Quarter
CLIFFORD WOERNER: Bankruptcy Attorneys' $46,000 Fees Allowed
COMMUNICATION INTELLIGENCE: Incurs $1.8 Million Net Loss in Q2

CONTINENTAL SURFACES: Case Summary & 19 Top Unsecured Creditors
CORINTHIAN COLLEGES: Gov't Agencies Object to Liability Releases
CORNERSTONE HOMES: Court Set to Hear UCC's Bid to Pursue Claims
CORPORATE RESOURCE: Ch. 11 Cases Transferred to NY Court
CRP-2 HOLDINGS: U.S. Trustee Forms Two-Member Creditors' Committee

CYPRESS HEALTH: $50K Deposit for Failed Sale is Property of Estate
DOLPHIN DIGITAL: Incurs $1 Million Net Loss in Second Quarter
DONALD WOLF: Court Affirms Order Denying Cash Collateral Use
ECOSPHERE TECHNOLOGIES: Incurs $2.3 Million Net Loss in Q2
EDENOR SA: Reports ARS 255 Million Profit for Second Quarter

EFT HOLDINGS: Incurs $1.4 Million Net Loss in June 30 Quarter
EMMAUS LIFE: Henry McKinnell Quits as Director
EMMAUS LIFE: Needs More Time to File Quarterly Report
ESP RESOURCES: Delays Second Quarter Form 10-Q
ESP RESOURCES: Incurs $670K Net Loss in Second Quarter

EVANS & SUTHERLAND: Incurs $2.7-Mil. Net Loss in Second Quarter
FINANCIAL HOLDINGS: Gets Approval to Sell AFB Shares to Lender
FINJAN HOLDINGS: To Present at Rodman & Renshaw Annual Conference
FLOATEL INTERNATIONAL: Bank Debt Trades at 26% Off
FORTESCUE METALS: Bank Debt Trades at 19% Off

FOUNDERS RIDGE: Voluntary Chapter 11 Case Summary
FPL ENERGY: S&P Affirms 'BB' Rating on $380MM Sr. Sec. Bonds
FRAC TECH: Bank Debt Trades at 35% Off
FTE NETWORKS: Incurs $1.5 Million Net Loss in June 30 Quarter
FUEL PERFORMANCE: Incurs $505,000 Net Loss in Second Quarter

FULLCIRCLE REGISTRY: Delays Second Quarter Form 10-Q
FULLCIRCLE REGISTRY: Posts $185,000 Net Loss for Second Quarter
GALAXY SWITCHGEAR: Voluntary Chapter 11 Case Summary
GENERAL STEEL: Delays Second Quarter Form 10-Q
GENERAL STEEL: Reports Second Quarter 2015 Financial Results

GENIUS BRANDS: Incurs $988K Net Loss in Second Quarter
GYMBOREE CORP: Bank Debt Trades at 30% Off
HERCULES OFFSHORE: Given Until Nov. 7 to File Schedules
HERCULES OFFSHORE: Has Interim OK to Pay $5MM to Unsec. Creditors
HERCULES OFFSHORE: Seeks to Assume $450-Mil. Exit Facility

IMH FINANCIAL: Reports $3.5 Million Net Income in Second Quarter
INDEPENDENCE TAX IV: Reports $4.87-Mil. Net Income for Fiscal Q1
IRVINGTON COMMUNITY: S&P Lowers Rating on 2009 Revenue Bonds to B-
J. CREW: Bank Debt Trades at 19% Off
JACOBS FINANCIAL: Acquires $1.7 Million Outstanding Notes

KAVEH PROPERTIES: Case Summary & 2 Largest Unsecured Creditors
KU6 MEDIA: Receives Noncompliance Notice From NASDAQ
LATTICE INC: Incurs $353,500 Net Loss in Second Quarter
LEO MOTORS: Posts $1.1 Million Net Loss for Second Quarter
LIME ENERGY: Posts $1.3 Million Net Loss for Second Quarter

M. JULIA HOOK: 10th Circ. Affirms TRO Bid Denial
METALICO INC: Incurs $16 Million Net Loss in Second Quarter
MF GLOBAL: Deal Providing 95% Recovery to Creditors Approved
MILK SPECIALTIES: Moody's Raises CFR to 'B2', Outlook Stable
MINT LEASING: Incurs $1.99 Million Net Loss in Second Quarter

MMRGLOBAL INC: Posts $693,000 Net Loss for Second Quarter
MONTREAL MAINE: 1st Circ. Affirms Ruling on Wheeling Payments
N-VIRO INTERNATIONAL: Posts $543K Net Loss for Second Quarter
NET TALK.COM: Delays Filing of June 30 Quarterly Report
NIJISH LLC: Case Summary & 20 Largest Unsecured Creditors

NORTHERN NEW ENGLAND: Confirmed Plan Extinguishes City's Tax Lien
OMNICOMM SYSTEMS: Reports $4.6 Million Net Income for 2nd Quarter
OXBOW CARBON: S&P Affirms 'BB-' Corp. Credit Rating
OXYSURE SYSTEMS: Needs More Time to File Q2 Form 10-Q
PAYNECON INC: Case Summary & 20 Largest Unsecured Creditors

PERRY KOPLIK: Joint Motion to Withdraw Reference Granted
PGI INCORPORATED: Incurs $2.1 Million Net Loss in Second Quarter
PLATTE RIVER: AP Judge Manages Admin. Appeal, District Court Rules
POSITIVEID CORP: Signs Purchase Agreement with Dominion Capital
PROGRESSIVE PLUMBING: Case Summary & Largest Unsecured Creditors

QUALITY DISTRIBUTION: Shareholders Approve Merger with Gruden
QUANTUM CORP: Gregg Powers Reports 6.5% Stake as of Aug. 5
QUEST SOLUTION: Reports Second Quarter Results
REDPRAIRIE CORP: Bank Debt Trades at 5% Off
RESPONSE BIOMEDICAL: Reports 2nd Quarter 2015 Financial Results

RESTORGENEX CORP: Files Form S-8 Registration Statements
RONALD BAUMAN: Trustee's Bids for Substantive Consolidation Denied
SAINT MICHAEL'S MEDICAL: Has Until Sept. 17 to File Schedules
SAMUEL MARTINEZ: Scotiabank Not Entitled to Postpetition Interest
SANDY CREEK: Bank Debt Trades at 3% Off

SANUWAVE HEALTH: Reports Second Quarter Financial Results
SCARBOROUGH-ST. JAMES: Landlord Allowed to Continue Eviction Suit
SEADRILL LTD: Bank Debt Trades at 30% Off
SEARS HOLDINGS: Reports $208-Mil. Net Income for Second Quarter
SEARS HOLDINGS: Reports Early Results of Tender Offer

SEBRING MANAGEMENT: Case Summary & 20 Largest Unsecured Creditors
SIGNAL INT'L: Latham, Bayard File Amended Rule 2019 Statement
SIGNAL INT'L: Proposes Oct. 21 Auction of Assets
SOLERA HOLDINGS: S&P Puts 'BB-' CCR on CreditWatch Negative
SPENDSMART NETWORKS: Stockholders Elect Eight Directors

SUNVALLEY SOLAR: Posts $238,000 Net Loss for Second Quarter
TENNVADA HOLDINGS: Bankruptcy Court's Trial Ruling Reversed
THORNTON & CO: Needs Until Aug. 28 to File Schedules
THORNTON & CO: Seeks to Probe PUB, Execs Under Rule 2004(a)
THORNTON & CO: US Trustee, Creditors Object to Proposed Cash Use

TRANS ENERGY: TH Exploration Terminates Purchase Agreement
TRIBUNE CO: 3rd Circ. Partially Affirms Dismissal of Plan Appeals
TRISTAR WELLNESS: Appoints Michael Wax Interim CFO
TRISTAR WELLNESS: Delays Filing of Second Quarter Form 10-Q
TRISTAR WELLNESS: Reports $1.6-Mil. Net Loss for Second Quarter

TRONOX INC: Bank Debt Trades at 5% Off
TRUMP ENTERTAINMENT: Casino Workers Prepare for Strike
TS EMPLOYMENT: CRS Ch. 11 Cases Transferred to NY Court
UNION DENTAL: To File Assignment of Assets Under Florida Law
USA DISCOUNTERS: Case Summary & 40 Largest Unsecured Creditors

VERITEQ CORP: Failure to File Form 10-Q Constitutes Default
VICKSBURG PARTNERSHIP: Case Summary & 9 Top Unsecured Creditors
WAFERGEN BIO-SYSTEMS: Files Preliminary Form S-1 Prospectus
WALKER III - VOSS: Voluntary Chapter 11 Case Summary
WAYNE COUNTY: Fitch Affirms & Removes 'B' Rating on Michigan Bonds

WESTMORELAND COAL: Presented at BB&T Capital Coal Summit
WILTON BRANDS: Moody's Raises CFR to Caa1, Outlook Stable
WILTON HOLDINGS: S&P Lowers Corporate Credit Rating to 'SD'
XRPRO SCIENCES: Reports $1.3 Million Net Loss for Second Quarter
Z TRIM HOLDINGS: Posts $13.6 Million Net Loss for Second Quarter

Z TRIM HOLDINGS: Posts $401,088 Sales for Second Quarter
ZYNEX INC: Incurs $501,000 Net Loss in Second Quarter
[*] Analyst Says Bankruptcy Looms for Some Oil Companies
[*] Moody's Reviews Offshore Drillers for Downgrade

                            *********

ACTIVECARE INC: Incurs $3.6 Million Net Loss in June 30 Quarter
---------------------------------------------------------------
ActiveCare, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss
attributable to common stockholders of $3.63 million on $2.03
million of chronic illness monitoring revenues for the three months
ended June 30, 2015, compared to a net loss attributable to common
stockholders of $3.35 million on $1.54 million of chronic illness
monitoring revenues for the same period during the prior year.

For the nine months ended June 30, 2015, the Company reported a net
loss attributable to common stockholders of $7.77 million on $5.09
million of chronic illness monitoring revenues compared to a net
loss attributable to common stockholders of $13.15 million on $4.58
million of chronic illness monitoring revenues for the same period
last year.

As of June 30, 2015, the Company had $3.96 million in total assets,
$11.9 million in total liabilities and total stockholders' deficit
of $7.94 million.

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

                        http://is.gd/ANqxB1

                         About ActiveCare

South West Valley City, Utah-based ActiveCare, Inc., is organized
into three business segments based primarily on the nature of the
Company's products.  The Stains and Reagents segment is engaged in
the business of manufacturing and marketing medical diagnostic
stains, solutions and related equipment to hospitals and medical
testing labs.  The CareServices segment is engaged in the business
of developing, distributing and marketing mobile health monitoring
and concierge services to distributors and customers.  The Chronic
Illness Monitoring segment is primarily engaged in the monitoring
of diabetic patients on a real time basis.

The Company's business plan is to develop and market products for
monitoring the health of and providing assistance to mobile and
homebound seniors and the chronically ill, including those who may
require a personal assistant to check on them during the day to
ensure their safety and well being.

ActiveCare reported a net loss attributable to common stockholders
of $16.4 million for the year ended Sept. 30, 2014, compared to a
net loss attributable to common stockholders of $27.5 million for
the year ended Sept. 30, 2013.

Tanner LLC, in Salt Lake City, Utah, 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 recurring losses, negative cash flows from
operating activities, negative working capital, negative total
equity, and certain debt that is in default.  These conditions, the
auditors said, among others, raise substantial doubt about the
Company's ability to continue as a going concern.


ADS WASTE: Moody's to Retain B3 CFR on Recent IPO Filing
--------------------------------------------------------
Moody's Investors Service said ADS Waste Holdings, Inc. recent Form
S-1 filing for a partial initial public offering (IPO) - funds
affiliated with private equity sponsor Highstar Capital will remain
the majority shareholder - and intentions to pay down debt with the
proceeds could favorably impact the company's credit profile but
does not impact the company's ratings at this time, including the
B3 Corporate Family Rating (CFR), the B2 senior secured rating, the
Caa2 senior unsecured rating or the stable outlook.


AFFIRMATIVE INSURANCE: Needs More Time to File Q2 Form 10-Q
-----------------------------------------------------------
Affirmative Insurance Holdings, Inc. was unable, without
unreasonable effort and expense, to file its quarterly report on
Form 10-Q for the period ended June 30, 2015, within the prescribed
time period due to the unavailability of certain information that
may materially affect the disclosure to be contained in the
Quarterly Report and the time required for the Company's auditors
to complete their review of the Quarterly Report, according to a
regulatory filing with the Securities and Exchange Commission.

The Company does not expect to file its Quarterly Report within the
additional time allowed, but does expect to file the Quarterly
Report on or before Aug. 24, 2015.

Affirmative Insurance anticipates that there will be a significant
change in its financial results for the period ended June 30, 2015,
from the corresponding period for fiscal year 2014.  This change is
due primarily to: (1) the gain on the sale of the Company's MGA
Business which was completed on June 30, 2015; and (2) adverse
development in the Company's reserves for losses and loss
adjustment expenses that it is unable to quantify at this time due
to the unavailability of necessary information.

                    About Affirmative Insurance

Addison, Tex.-based Affirmative Insurance Holdings, Inc., is a
distributor and producer of non-standard personal automobile
insurance policies for individual consumers in targeted geographic
markets.  Non-standard personal automobile insurance policies
provide coverage to drivers who find it difficult to obtain
insurance from standard automobile insurance companies due to
their lack of prior insurance, age, driving record, limited
financial resources or other factors.  Non-standard personal
automobile insurance policies generally require higher premiums
than standard automobile insurance policies for comparable
coverage.

Affirmative Insurance reported a net loss of $32.2 million in 2014,
compared to net income of $30.7 million in 2013.

As of March 31, 2015, the Company had $312 million in total assets,
$448 million in total liabilities and a $136 million total
stockholders' deficit.

KPMG LLP, in Dallas, Texas, issued a "going concern" qualification
in its report on the consolidated financial statements for the year
ended Dec. 31, 2014.  The accounting firm noted that the Company's
recent history of recurring losses from operations, its failure to
comply with certain financial covenants in the senior secured and
subordinated credit facilities, its need to meet debt repayment
requirements and its failure to comply with the Illinois Department
of Insurance minimum risk-based capital requirements raise
substantial doubt about its ability to continue as a going
concern.


ALLIANCE ONE: Stockholders Elect Three Directors
------------------------------------------------
Alliance One International, Inc. held its 2015 annual meeting of
shareholders on Aug. 13, 2015.

Each of Carl L. Hausmann, Mark W. Kehaya and Martin R. Wade, III
was elected as a Class III director for a three-year term expiring
in 2018.  The appointment of Deloitte & Touche LLP as the Company's
independent auditors for the fiscal year ending
March 31, 2016, was ratified.  A resolution to approve, on an
advisory basis, the compensation paid to the Company's named
executive officers, was adopted and a stock option exchange program
under which eligible employees would be able to exchange certain
stock options for a lesser number of restricted share units was
approved.

                        About Alliance One

Alliance One International is a leading global independent leaf
merchant.  Visit the Company's Web site at http://www.aointl.com/

Alliance One reported a net loss of $15.6 million on $2.10 billion
of sales and other operating revenues for the year ended March 31,
2015, compared to a net loss of $87 million on $2.3 billion of
sales and other operating revenues for the year ended March 31,
2014.

                            *    *    *

As reported by the TCR on Feb. 12, 2015, Moody's Investor Service
downgraded the Corporate Family Rating of Alliance One
International, Inc. (AOI) to Caa1 from B3.  The downgrade of AOI's
CFR to Caa1 reflects Moody's expectation that credit metrics will
remain weak over the next 12 - 18 months.

The TCR reported on April 13, 2015, that Standard & Poor's Ratings
Services lowered its corporate credit rating on Morrisville,
N.C.-based Alliance One International Inc. to 'CCC+' from 'B-'.


ALPHA NATURAL: Has Interim OK to Enter Into Coal Sale Contracts
---------------------------------------------------------------
Judge Kevin R. Huennekens of the U.S. Bankruptcy Court for the
Eastern District of Virginia, Richmond Division, gave Alpha Natural
Resources, Inc., et al., interim authority to enter into and
perform under coal sale contracts; provided that the Debtors will
disclose the material terms of any coal sale contratcs into which
they enter that has a term of more than 18 months and gross revenue
expected over the contract term in excess of $150 million.

A final hearing on the motion will be held on Sept. 1, 2015, at
11:00 a.m., Eastern Time.  If no objections are timely filed, the
Debtors will submit to the Court a final order, which may be
entered with no further notice or opportunity to be heard afforded
to any party.

                      About Alpha Natural

Alpha Natural -- http://www.alphanr.com/-- is a coal supplier,   
ranked second largest among publicly traded U.S. coal producers as
measured by 2014 consolidated revenues of $4.3 billion.  

Alpha Natural Resources, Inc. (Bankr. E.D. Va. Case No. 15-33896)
and its affiliates filed separate Chapter 11 bankruptcy petitions
on Aug. 3, 2015, listing $9.9 billion in total assets as of June
30, 2015, and $7.3 billion in total liabilities as of June 30,
2015.  The petition was signed by Richard H. Verheij, executive
vice president, general counsel and corporate secretary.

Judge Kevin R. Huennekens presides over the case.

David G. Heiman, Esq., Carl E. Black, Esq., and Thomas A. Wilson,
Esq., at Jones Day serve as the Debtors' general counsel.

Tyler P. Brown, Esq., J.R. Smith, Esq., Henry P. (Toby) Long, III,
Esq., and Justin F. Paget, Esq., serve as the Debtors' local
counsel.  Rothschild Group is the Debtors' financial advisor.
Alvarez & Marshal Holdings, LLC, is the Debtors' investment banker.
Kurtzman Carson Consultants, LLC, is the Debtors' claims and
noticing agent.


ALPHA NATURAL: Has Interim OK to Pay $44.5M to Essential Vendors
----------------------------------------------------------------
Judge Kevin R. Huennekens of the U.S. Bankruptcy Court for the
Eastern District of Virginia, Richmond Division, gave Alpha Natural
Resources, Inc., et al., interim authority to pay prepetition
claims of certain essential suppliers and service providers in an
aggregate amount not to exceed $44.5 million.

Each recipient of an Essential Supplier Payment is required to (a)
continue its existing business relationship with the Debtors,
including, but not limited to, the acceptance and fulfillment of
current and future purchase orders; (b) continue to extend
normalized trade credit and provide other business terms on a
postpetition basis; and (c) agree to release to the Debtors as
requested goods or other assets of the Debtors in the Essential
Supplier's possession.

A final hearing on the  motion will be held on Sept. 1, 2015, at
11:00 a.m., Eastern Time.  If no objections are timely filed, the
Debtors will submit to the Court a final order, which may be
entered with no further notice or opportunity to be heard afforded
to any party.

                      About Alpha Natural

Alpha Natural -- http://www.alphanr.com/-- is a coal supplier,   
ranked second largest among publicly traded U.S. coal producers as
measured by 2014 consolidated revenues of $4.3 billion.  

Alpha Natural Resources, Inc. (Bankr. E.D. Va. Case No. 15-33896)
and its affiliates filed separate Chapter 11 bankruptcy petitions
on Aug. 3, 2015, listing $9.9 billion in total assets as of June
30, 2015, and $7.3 billion in total liabilities as of June 30,
2015.  The petition was signed by Richard H. Verheij, executive
vice president, general counsel and corporate secretary.

Judge Kevin R. Huennekens presides over the case.

David G. Heiman, Esq., Carl E. Black, Esq., and Thomas A. Wilson,
Esq., at Jones Day serve as the Debtors' general counsel.

Tyler P. Brown, Esq., J.R. Smith, Esq., Henry P. (Toby) Long, III,
Esq., and Justin F. Paget, Esq., serve as the Debtors' local
counsel.  Rothschild Group is the Debtors' financial advisor.
Alvarez & Marshal Holdings, LLC, is the Debtors' investment banker.
Kurtzman Carson Consultants, LLC, is the Debtors' claims and
noticing agent.


AMERICAN APPAREL: Raises Doubt About Going Concern Status
---------------------------------------------------------
American Apparel, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $19.4 million on $134 million of net sales for the three months
ended June 30, 2015, compared to a net loss of $16.2 million on
$162 million of net sales for the same period during the prior
year.

For the six months ended June 30, 2015, the Company reported a net
loss of $45.8 million on $259 million of net sales compared to a
net loss of $21.7 million on $299 million of net sales for the same
period in 2014.

As of June 30, 2015, the Company had $250 million in total assets,
$411 million in total liabilities and total stockholders' deficit
of $161 million.

"We incurred losses from operations and negative cash flows from
operating activities for the six months ended June 30, 2015 and
such losses might continue for the remainder of 2015.  Based upon
the trends occurring in our operations since June 30, 2015 and
through the date of this Report, together with our current
expectations and projections for the next four fiscal quarters, we
believe that we may not have sufficient liquidity necessary to
sustain operations for the next twelve months.  These factors,
among others, raise substantial doubt that we will be able to
continue as a going concern," the Company stated in the filing.

The Company adds, "If we are unsuccessful in addressing our near
term liquidity needs, negotiating amendments to our existing
indebtedness or otherwise adequately restructuring our obligations
out of court, we may need to seek protection from creditors in a
proceeding under Title 11 of the U.S. Code."

                  Liquidity and Capital Resources

Under the $10 million "at-the-market" offering program, the Company
may, from time to time and at its discretion, offer and sell shares
of its common stock having an aggregate gross sales price of up to
$10 million (but in no event more than 15 million shares).  The
Company has used the net proceeds generated through the program for
working capital and general corporate purposes.  As of June 30,
2015, the Company had issued 4 million shares of its common stock
for net proceeds of $2 million.  Sales of common stock under the
"at-the-market" offering program are at the Company's sole
discretion and subject to the terms and conditions of the sales
agreement related thereto, and there are no assurances that those
sales will continue in the future.

As of June 30, 2015, the Company had $6.9 million in cash, $38.4
million outstanding on its $50 million asset-backed revolving
credit facility with Capital One and $6.1 million of availability
for additional borrowings as of that date.  On Aug. 11, 2015, the
Company had $11.2 million in cash.  As of June 30, 2015, the
Company had $210.6 million aggregate principal amount of senior
secured notes outstanding.  On April 14, 2015, the Company paid
$13.8 million in interest on the Notes.  The next scheduled
interest payment on the Notes due on Oct. 15, 2015, is
approximately $13.9 million.

As of June 30, 2015, the Company was not in compliance with the
minimum fixed charge coverage ratio and the minimum adjusted EBITDA
covenants under the Capital One Credit Facility.  For the April 1,
2015, through June 30, 2015, covenant reference period, the
Company's fixed charge coverage ratio (as defined in the Capital
One Credit Facility) was 0.07 to 1.00 as compared with the covenant
minimum of 0.33 to 1.00, and the Company's adjusted EBITDA (as
defined in the Capital One Credit Facility) was $4.1 million as
compared with the covenant minimum of $7.4 million.

On Aug. 17, 2015, Capital One assigned its rights and obligations
as a lender to a syndicate of lenders that includes certain of the
Company's existing creditors, including funds associated with
Standard General L.P., Monarch Alternative Capital L.P., Coliseum
Capital LLC and Goldman Sachs Asset Management, L.P., and was
replaced by Wilmington Trust, National Association as
administrative agent.  Additionally, on August 17, the Capital One
Credit Facility was amended pursuant to an amended and restated
credit agreement among the Company, the new syndicate of lenders
and Wilmington Trust.  In connection with that amendment, the
syndicate of lenders received certain amendment and closing fees
and reimbursement of closing expenses.  The covenant violations
existing at June 30, 2015, were waived under the Wilmington Trust
Credit Facility.

The Wilmington Trust Credit Facility provides for a $90 million
asset-based revolving credit facility and matures on April, 4,
2018, subject to a Jan. 15, 2018, maturity in limited
circumstances.  Borrowings under the Wilmington Trust Credit
Facility are subject to specified borrowing base requirements which
is increased by $15 million, but such $15 million increase cannot
increase the borrowing base above $60 million.  Amounts repaid
under the Wilmington Trust Credit Facility cannot be re-borrowed.

Borrowings currently outstanding under the Capital One Credit
Facility will continue under the Wilmington Trust Credit Facility
and bear interest at a LIBOR based rate plus 5.00% or a rate based
on the prime rate plus 4.00%.  New borrowings under the Wilmington
Trust Credit Facility bear interest at a LIBOR based rate plus
7.00% or a rate based on the prime rate plus 6.00%.

Additionally, on Aug. 17, 2015, the Company entered into amendments
to the indenture agreement governing the Senior Notes and the
Standard General Loan Agreement to permit the Company to enter into
the Wilmington Trust Credit Facility.

As a result of the Capital One Credit Facility covenant default and
the liquidity uncertainty, the Company has been working with its
advisers and have begun discussions with certain key financial
stakeholders to analyze potential strategic and financial
alternatives, which may include, among other things, refinancing or
new capital raising transactions, amendments to or restructuring of
the Company's existing indebtedness and other obligations, and
consideration of other restructuring and recapitalization
transactions.  As of Aug. 17, 2015, substantial uncertainty exists
as to the ultimate outcome of those discussions, and there are no
assurances that those efforts will result in any transaction or
agreement, or that any such transaction or agreement, if proposed
or implemented, will be successful.  In addition, whether or not
any such transactions or agreements were implemented or successful,
the Company said its existing and any new investors could suffer
substantial or total losses of their investment in its common
stock.

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

                        http://is.gd/MXKShD

                       About American Apparel

American Apparel is a vertically-integrated manufacturer,
distributor, and retailer of branded fashion basic apparel based
in downtown Los Angeles, California.  As of Sept. 30, 2014,
American Apparel had approximately 10,000 employees and operated
245 retail stores in 20 countries including the United States and
Canada.  American Apparel also operates a global e-commerce site
that serves over 60 countries worldwide at
http://www.americanapparel.com. In addition, American Apparel
operates a leading wholesale business that supplies high quality
T-shirts and other casual wear to distributors and screen
printers.

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

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

American Apparel reported a net loss of $68.8 million in 2014, a
net loss of $106 million in 2013 and a net loss of $37.3
million in 2012.

                           *     *     *

The TCR reported on Aug. 14, 2015, that Moody's Investors Service
downgraded ratings of American Apparel, Inc., including the
Corporate Family rating, which was downgraded to Caa3 from Caa2.
"T[he] rating actions are in reaction to the company's filing
for an extension of its Q2 10Q, which was made necessary due to
potential non-compliance with the covenants under its Capital One
revolving credit facility at second quarter-end," stated Moody's
Vice President Charlie O'Shea.

As reported by the TCR on Sept. 2, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating on Los Angeles-based
American Apparel Inc. to 'CCC-' from 'CCC'.  The outlook is
negative.


AMERICAN MEDIA: Conference Call Held to Discuss Q2 Results
----------------------------------------------------------
American Media, Inc., held an earnings conference call on Aug. 17,
2015, at 3:30 p.m. EDT to discuss the financial results for the
three month period ended June 30, 2015.  AMI's Quarterly Report on
Form 10-Q for the quarter ended June 30, 2015, was filed with the
Securities and Exchange Commission on Aug. 14, 2015.

                       About American Media

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

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

American Media reported a net loss of $54.3 million on
$344 million of total operating revenues for the fiscal year ended
March 31, 2014, following a net loss of $56.2 million on $349
million of total operating revenues for the year ended March 31,
2013.

As of June 30, 2015, the Company had $456.1 million in total
assets, $466 million in total liabilities, $3 million in redeemable
noncontroling interests and total stockholders' deficit of $12.8
million.

                           *     *     *

As reported in the Jan. 9, 2015 edition of the TCR, American Media
carries a 'Caa1' corporate family rating from Moody's.  American
Media's Caa1 CFR reflects the company's elevated total debt to
EBITDA leverage that Moody's expect will rise to the 8-9x range
(Moody's adjusted) over the rating horizon from about 7x as of
Sept. 30, 2014 as a result of lower EBITDA performance that
stems from a reduction in circulation sales associated with the
bankruptcy filing of AMI's second largest publications wholesaler,
Source Interlink Distribution ("Source").  The rating also captures
AMI's weak liquidity profile and deteriorating EBITDA cushion under
the revolver's first-lien leverage covenant resulting from the
lower circulation revenue aggravated by the Source bankruptcy,
which required temporary covenant relief through an amendment to
the credit facility.

As reported in the Jan. 14, 2015 edition of the TCR, Standard &
Poor's Ratings Services said that its ratings on U.S. magazine
publisher American Media Inc., including the 'CCC' corporate credit
rating, are not affected by the company's announcement that it is
exchanging $32 million of its first-lien 11.5% notes due 2017 for
$39 million in new second-lien 7% notes due 2020.  The negative
rating outlook remains unchanged.


AMERICAN POWER: Reports Updated Third Quarter Fiscal 2015 Results
-----------------------------------------------------------------
American Power Group Corporation announced results for the three
and nine months ending June 30, 2015, which have been updated to
reflect a change in the non-cash warrant extension expense from
$276,000 to $454,000.

The Company reported a net loss available to common stockholders of
$1.88 million on $556,000 of net sales for the three months ended
June 30, 2015, compared to net income available to common
stockholders of $7.63 million on $1.78 million of net sales for the
same period in 2014.

For the nine months ended June 30, 2015, the Company reported net
income available to common stockholders of $884,000 on $2.08
million of net sales compared to a net loss available to common
stockholders of $3.02 million on $4.88 million of net sales for the
same period during the prior year.

As of June 30, 2015, the Company had $8.89 million in total assets,
$7.74 million in total liabilities and $1.14 million in total
stockholders' equity.

Lyle Jensen, American Power Group's chief executive officer stated,
"We know that just working hard to position ourselves for the
future while we wait for an increase in oil or diesel prices is no
longer a sustainable business strategy.  We now believe we will
experience unstable oil and diesel pricing for a much longer period
of time than the energy experts were projecting just ninety days
ago when we were in the middle of a mini-rally that turned out to
not be sustainable.  In light of these market realities, we are
focusing our efforts on the following key initiatives:

  1. APG's value-add proposition is going to be more about
     expanding the regulatory adoption of our emission reduction
     programs at the state and federal level.  APG is at the
     forefront of providing technical and practical solutions to
     meet the ever increasing regulatory demands of reducing
     diesel-related emissions with our Turbocharged Natural Gas
     Dual Fuel Technology and, as of yesterday, reducing flared
     gas emissions with our recently announced Trident NGL Flare
     to Fuel Technology.

  2. The negative impact of tighter price spreads is not universal

     across all customers and markets.  We have pulled back from
     our mass adoption initiatives and have focused on specific
     international countries that have government controlled
     favorable price spreads and customer niches like the dual
     fuel gliders which are expected to see a 3X - 4X increase in
     volume next year.

  3. Lastly, we intend to aggressively begin implementing our new
     vertically integrated revenue model through our strategic
     licensing agreement with Trident Resources, LLC which opens
     up a significant new market anchored in regulatory deadlines,

     environmental benefits, and economic growth.  As noted in
     yesterday's Trident press release, an average remote or
     stranded well site producing one to two million cubic feet of

     flared gas per day has the capacity to produce several
     million gallons of NGL and over a million equivalent diesel
     gallons of natural gas on an annual basis making this a
     multi-billion dollar regulatory-driven market.  With two
     processing systems currently operating in the
     field and a verbal commitment from existing investors for
     $3.25 million to fund two additional, next generation
     processing systems we are positioned to aggressively start
     ramping up our new NGL Services Division."

                    About American Power Group

American Power Group's alternative energy subsidiary, American
Power Group, Inc., provides a cost-effective patented Turbocharged
Natural Gas conversion technology for vehicular, stationary and
off-road mobile diesel engines.  American Power Group's dual fuel
technology is a unique non-invasive energy enhancement system that
converts existing diesel engines into more efficient and
environmentally friendly engines that have the flexibility to run
on: (1) diesel fuel and liquefied natural gas; (2) diesel fuel and
compressed natural gas; (3) diesel fuel and pipeline or well-head
gas; and (4) diesel fuel and bio-methane, with the flexibility to
return to 100 percent diesel fuel operation at any time.  The
proprietary technology seamlessly displaces up to 80% of the
normal diesel fuel consumption with the average displacement
ranging from 40 percent to 65 percent.  The energized fuel balance
is maintained with a proprietary read-only electronic controller
system ensuring the engines operate at original equipment
manufacturers' specified temperatures and pressures.  Installation
on a wide variety of engine models and end-market applications
require no engine modifications unlike the more expensive invasive
fuel-injected systems in the market.  Additional information at
http://www.americanpowergroupinc.com/

American Power reported a net loss available to common stockholders
of $2.92 million on $7.01 million of net sales for the year ended
Sept. 30, 2013.

As of March 31, 2015, the Company had $7.76 million in total
assets, $5.37 million in total liabilities and $2.39 million total
stockholders' equity.


AMERICAN POWER: Signs License Agreement with Trident
----------------------------------------------------
American Power Group Corporation announced that its subsidiary,
American Power Group, Inc. has signed a license agreement with
Trident Resources, LLC for the exclusive worldwide right to
commercialize Trident's proprietary Natural Gas Liquid process
technology.  In addition, APG purchased substantially all of
Trident's operating assets including two existing mobile NGL
operating systems currently servicing remote or stranded well-sites
for one of the top five E&P companies in the Bakken region.

In consideration of the license, the Company issued 2,000,000
shares of its common stock, $.01 par value per share, to Trident.
Trident has agreed that, with certain exceptions, it will not sell
or otherwise dispose of any of the shares for a period of one year
after the date of the license.

In further consideration of the license, APGI will be required to
pay royalties to Trident in the amount of 5.1% of the annual
pre-tax net income of APGI's newly formed NGL division.  The
royalties payable to Trident will be reduced to 3.0% of the
division's annual pre-tax net income from and after the date that
the sum of all royalties paid to Trident under the license equals
$15,000,000 on a cumulative basis, and will be eliminated
altogether from and after the date that the sum of all royalties
paid to Trident equals $36,000,000 on a cumulative basis.  Upon the
receipt by Trident of $36,000,000 in cumulative royalties, all
right, title and interest in the licensed technology will be
transferred to APGI, without further consideration.

APGI also purchased two of Trident's NGL processing systems for a
total of $1,716,500.  In payment for this equipment, APGI issued
Trident a promissory note in the principal amount of $832,000,
which is payable in 12 equal monthly installments of principal and
interest at 6.75% commencing September 2015, and a second
promissory note in the principal amount of $884,500, which is
payable in 36 equal monthly installments of principal and interest
at 6% commencing September 2016.  These notes are secured by liens
on the purchased equipment.

Thomas Lockhart, Trident's sole owner, became an employee of APGI
effective as of the completion of these transactions.

APG has secured a verbal commitment for $3.25 million of additional
project lease financing from several existing shareholders and
investors affiliated with members of the Company's Board of
Directors to immediately build two additional NGL operating
systems.  These next generation NGL systems will include the first
NGL system with the capability to convert the unconventional Bakken
flared gas into a premium quality natural gas for all local APG
dual fuel stationary and vehicular applications.  The Trident NGL
equipment acquisition is forecast to be incrementally accretive in
revenue and profitability and positions APG to take a vertical step
in providing integrated alternative energy solutions with
significant regulatory reductions in diesel and flared gas related
emissions.

Lyle Jensen, CEO of American Power Group stated, "The Bakken region
of North Dakota is an area facing significant penalties and
restrictions through the year 2020 associated with the flaring of
their well head gas.  We are very comfortable moving into this new
vertically integrated space given the fact that approximately 85%
of APG's North American dual fuel oil rig conversions are currently
operating on conditioned well head gas.  The challenge in the
Bakken region is efficiently processing their high BTU flare gas
which is where Trident's licensed technology is expected to
differentiate APG from other NGL processors.  NGL can be sold to a
variety of end markets for heating, emulsifiers, or as a combined
liquid called Y Grade that is sold to refiners.  These next
generation NGL systems will include the first NGL system that will
have the capability to convert the high BTU flared gas into a
premium quality natural gas for APG vehicular and stationary dual
fuel engine conversions as well as any of the dedicated natural gas
engines in the region.  Our strategy is to continue to sell the NGL
into Trident's end markets discussed and begin to leverage the
premium natural gas into vertically integrated locally sourced
fuel."

Mr. Jensen added, "We see a very large addressable market in the
thousands of heavy-duty trucks supporting the oil and gas
production industry.  The ability to use conditioned
wellhead/flared gas to safely dual fuel these trucks can provide an
operator with a competitive economic advantage as well as help
address a significant challenge for the E&P companies who have to
significantly reduce the flaring of their wellhead gas before 2020.
APG intends to be the first to bring our many oil and gas
customers an integrated alternative fuel solution that delivers
favorable regulatory, environmental, and economic results to their
business.  APG is at the forefront of providing technical and
practical solutions to meet the ever increasing regulatory demands
of reducing diesel-related emissions with our Turbocharged Natural
Gas Dual Fuel Technology and now reducing flare-gas emissions with
our Trident NGL Flare To Fuel Technology."

                    About American Power Group

American Power Group's alternative energy subsidiary, American
Power Group, Inc., provides a cost-effective patented Turbocharged
Natural Gas conversion technology for vehicular, stationary and
off-road mobile diesel engines.  American Power Group's dual fuel
technology is a unique non-invasive energy enhancement system that
converts existing diesel engines into more efficient and
environmentally friendly engines that have the flexibility to run
on: (1) diesel fuel and liquefied natural gas; (2) diesel fuel and
compressed natural gas; (3) diesel fuel and pipeline or well-head
gas; and (4) diesel fuel and bio-methane, with the flexibility to
return to 100 percent diesel fuel operation at any time.  The
proprietary technology seamlessly displaces up to 80% of the
normal diesel fuel consumption with the average displacement
ranging from 40 percent to 65 percent.  The energized fuel balance
is maintained with a proprietary read-only electronic controller
system ensuring the engines operate at original equipment
manufacturers' specified temperatures and pressures.  Installation
on a wide variety of engine models and end-market applications
require no engine modifications unlike the more expensive invasive
fuel-injected systems in the market.  Additional information at
http://www.americanpowergroupinc.com/

American Power reported a net loss available to common stockholders
of $2.92 million on $7.01 million of net sales for the year ended
Sept. 30, 2013.

As of March 31, 2015, the Company had $7.76 million in total
assets, $5.37 million in total liabilities and $2.39 million total
stockholders' equity.


AMERICAN SPECTRUM: Gets Court Approval to Obtain $500K Loan
-----------------------------------------------------------
A federal judge approved a $500,000 financing to get American
Spectrum Realty Inc. through bankruptcy.

The order, issued by U.S. Bankruptcy Judge Scott Clarkson, allowed
the company and its two affiliates to get an unsecured loan from
the administrator of the Mark Gleicher Trust.

American Spectrum could also borrow $350,000 more if it thinks it
needs additional loan to support its operations.

Judge Clarkson previously denied the company's initial request to
get secured financing from the lender.  To address concerns raised
at the June 17 hearing, American Spectrum and the lender made
revisions to the terms of the loan.

The $500,000 loan will no longer be secured by assets of American
Spectrum or by American Spectrum Realty Management, Inc.  Rather,
the loan will be secured only by a deed of trust on two real
properties owned by American Spectrum Dunham Properties LLC.

Moreover, the loan will be unsecured as to American Spectrum but
will be made on a "superpriority basis," according to court
filings.  

The company and ASDP will also be liable for the whole amount of
the loan while ASRM will be liable only for the amount of loan it
gets.

The maturity date of the loan was also extended to March 31, 2016
from December 31, 2015.

ASRM's secured creditor Casa Bandera TIC Group LLC previously
opposed the $500,000 unsecured loan, saying American Spectrum did
not "adequately" disclose how they will use it and how it will be
divided between the company and ASRM.

Casa Bandera raised the same argument when it opposed the secured
financing that American Spectrum initially proposed in June.

American Spectrum also received an objection from tax authorities
in Texas, which asked for an inclusion of a so-called "carve-out"
provision for ad valorem tax liens as a condition to approval of
the secured financing.  

                  About American Spectrum Realty

American Spectrum Realty, Inc. -- http://www.asrmanagement.com/--  
is a real estate investment company that owns, through an operating
partnership, interests in office, industrial/commercial, retail,
self-storage, retail, multi-family properties and undeveloped land
throughout the United States.  American Spectrum Management Group,
Inc., a wholly-owned subsidiary of the Company, manages and leases
all properties owned by American Spectrum Realty, Inc. well as for
third-party clients, totaling 7 million square feet in multiple
states.  American Spectrum Realty was formed in 2000 and began
publicly trading on the New York Stock Exchange in 2001.

Alleged creditors -- namely, D&A Daily Mortgage Fund III, L.P., D&A
Semi-Annual Mortgage Fund III, L.P., and D&A Intermediate-Term
Mortgage Fund III, L.P. -- filed an involuntary Chapter 11 petition
for American Spectrum in Santa Ana, California, on Feb. 13, 2015
(Bankr. C.D. Cal. Case No. 15-10721).

The involuntary case was assigned to Judge Scott C. Clarkson. James
C. Bastian, Jr., Esq., and Melissa Davis Lowe, Esq., at Shulman
Hodges & Bastian LLP, in Irvine, California, serve as counsel to
the Petitioning Creditors.

American Spectrum has affiliates that have pending bankruptcy
cases.  One of them is Verdugo, LLC, a single asset real estate
that filed a Chapter 11 bankruptcy petition (Bank. C.D. Cal. Case
No. 15-10701) on Feb. 12, 2015.  Judge Scott C. Clarkson presides
over the case.

American Spectrum disclosed assets of $6,381,000 - $13,381,000 and
liabilities of $6,558,235 as of the Chapter 11 filing.


AMSCO STEEL: Lender Opposes Proposed Cash Collateral Use
--------------------------------------------------------
Marquette Business Credit SPE I, LLC, asks the U.S. Bankruptcy
Court for the Northern District of Texas, Fort Worth Division, to
deny Amsco Steel Company, LLC and Pyndus Steel & Alumnimum Co.,
Inc.'s motion for the use of cash collateral.

The Debtors are indebted to Marquette pursuant to a Loan and
Security Agreement between AMSCO, Pyndus, Posey Steel Supply, LLC
Industries, Ltd. and Marquette, and a Note.

Marquette alleges that the Debtors propose to provide it with a
replacement lien on post-petition property of the same type as
Marquette's pre-petition Collateral and that the Debtors assert
that ongoing operations will also provide adequate protection.
Marquette further alleges that the Debtors propose to pay interest
only on payments beginning on September 1, 2015, at the non-default
rate of interest as additional adequate protection, while the
Debtors collect and hold all of the cash payments made by the
Debtors' customers.

Lynette R. Warman, Esq., at Culhane Meadows PLLC, in Dallas, Texas,
tells the Court that Marquette is entitled to the protections
provided to it in the Loan Documents and should not be subject to a
wholesale restructuring of its Loan and Security Agreement in the
guise of a cash collateral order. She suggests that the cash must
be held by Marquette with interest set at the default rate.

Marquette Business Credit SPE I, LLC is represented by:

          Lynnette R. Warman, Esq.
          CULHANE MEADOWS PLLC
          100 Crescent Court, Suite 700
          Dallas, TX 75201
          Telephone: (214)693-6525
          Email: lwarman@culhanemeadows.com

                  About Amsco Steel

AMSCO Steel Company, LLC, and Pyndus Steel & Aluminum Co., Inc.,
sought protection under Chapter 11 of the Bankruptcy Code on Aug.
10, 2015 (Bankr. N.D. Tex., Case No. 15-43240).  The Debtors are
suppliers and processors of steel products for a wide variety of
customers throughout the United States and Mexico.  The case is
assigned to Judge Russell F. Nelms.

The Debtors' counsel are J. Robert Forshey, Esq., and Matthew G.
Maben, Esq., at Forshey & Prostok, LLP, in Forth Worth, Texas.


ANACOR PHARMACEUTICALS: GlaxoSmithKline Reports 4.9% Stake
----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, GlaxoSmithKline plc disclosed that as of Aug. 13, 2015,
it beneficially owned 2,171,374 shares of common stock of
Anacor Pharmaceuticals, Inc., which represents 4.9 percent based on
44,023,338 shares of Common Stock outstanding as of Aug. 3, 2015.

On Aug. 13, 2015, GlaxoSmithKline LLC, an indirect, wholly-owned
subsidiary of the Reporting Person, the record holder of the shares
of Common Stock, sold an aggregate of 600,000 shares of Common
Stock at a price per share of $135.95 in a privately negotiated
transaction.  As a result,  The Reporting Person has ceased to be
the beneficial owner of more than five percent of the Common
Stock.

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

                        http://is.gd/caTmRs

                    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 June 30, 2015, the Company had $195.7 million in total
assets, $125.5 million in total liabilities, $4.9 million in
redeemable common stock and $65.2 million in total stockholders'
equity.


APOLLO MEDICAL: Incurs $2.5 Million Net Loss in June 30 Quarter
---------------------------------------------------------------
Apollo Medical Holdings, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss attributable to the Company of $2.48 million on $10.2
million of net revenues for the three months ended June 30, 2015,
compared to a net loss attributable to the Company of $1.67 million
on $4.1 million of net revenues for the same period in 2014.

As of June 30, 2015, the Company had $13.26 million in total
assets, $16.99 million in total liabilities and total stockholders'
deficit of $3.73 million.

The Company has a history of operating losses and as of June 30,
2015, has an accumulated deficit of $21,822,887, and during the
three months ended June 30, 2015, net cash used in operating
activities was $528,347.

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

                      http://is.gd/tGTMno

                     About Apollo Medical

Glendale, Calif.-based Apollo Medical Holdings, Inc., provides
hospitalist services in the Greater Los Angeles, California area.
Hospitalist medicine is organized around the admission and care of
patients in an inpatient facility such as a hospital or skilled
nursing facility and is focused on providing, managing and
coordinating the care of hospitalized patients.

Apollo Medical reported a net loss attributable to the Company of
$1.8 million on $32.9 million of net revenues for the year ended
March 31, 2015, compared to a net loss attributable to the Company
of $5 million on $10.5 million of net revenues for the year ended
Jan. 31, 2014.


ARCHDIOCESE OF MILWAUKEE: Files Bankruptcy Plan
-----------------------------------------------
Greg Moore, writing for The Associated Press, reported that the
Roman Catholic Archdiocese of Milwaukee on Aug. 24 filed its
bankruptcy reorganization plan, formalizing a recent settlement
deal that will divvy up $21 million among more than 300 victims of
clergy sex abuse.

According to the report, the settlement had been a sticking point
that stalled a previous reorganization plan filed last year, but
this agreement should conclude a yearslong process that has
revealed the scope of the Milwaukee organization's involvement in a
widespread clergy sex abuse scandal that has rocked the church.

Under terms of the deal, 330 abuse survivors will share $21
million, and a $500,000 therapy fund will be established for
ongoing counseling, the AP related.  All of the archdiocese's
parishes, schools and institutions, meanwhile, would be protected
from lawsuits related to past abuse claims, the AP noted.

              About the Archdiocese of Milwaukee

The Diocese of Milwaukee was established on Nov. 28, 1843, and
was elevated to an Archdiocese on Feb. 12, 1875, by Pope Pius IX.
The region served by the Archdiocese consists of 4,758 square
miles in southeast Wisconsin which includes counties Dodge, Fond
du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan,
Walworth, Washington and Waukesha. There are 657,519 registered
Catholics in the Region.

The Catholic Archdiocese of Milwaukee, in Wisconsin, filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Wis. Case
No. 11-20059) on Jan. 4, 2011, to address claims over sexual
abuse by priests on minors.

The Archdiocese became at least the eighth Roman Catholic diocese
in the U.S. to file for bankruptcy to settle claims from current
and former parishioners who say they were sexually molested by
priests.

Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, serves as the Archdiocese's counsel.

The Official Committee of Unsecured Creditors in the bankruptcy
case has retained Pachulski Stang Ziehl & Jones LLP as its
counsel, and Howard, Solochek & Weber, S.C., as its local
counsel.

The Archdiocese estimated assets and debts of $10
million to $50 million in its Chapter 11 petition.


ATP OIL: Court Tosses 2nd Amended Complaint in Suit v. D&Os
-----------------------------------------------------------
District Judge Sarah S. Vance of the United States District Court
from Eastern District of Louisiana -- at the behest of defendants
-- dismissed the Second Amended Complaint with prejudice in the
case captioned, FIREFIGHTERS PENSION & RELIEF FUND OF THE CITY OF
NEW ORLEANS, Individually and on Behalf of All Others Similarly
Situated v. T. PAUL BULMAHN, ET AL., Section: R., Case No. 13-3935,
No. C/W 13-6083, 13-6084, 13-6233 (E.D.La.).

The case is a securities class action brought on behalf of all
persons who acquired ATP Oil and Gas Corporation 11.875% Senior
Second Lien Exchange Notes traceable to an allegedly false and
misleading Form S-4 registration statement and prospectus issued in
connection with ATP's December 16, 2010 exchange offer. ATP filed
for Chapter 11 Bankruptcy on August 17, 2012 and is not named as a
defendant in this action. Instead, plaintiff sued ATP's senior
executives and board of directors, alleging violations of Sections
11 and 15 of the Securities Act of 1933.

Before ATP for bankruptcy in 2012, it engaged in the acquisition,
development, and production of oil and natural gas properties. On
April 19, 2010, ATP raised $1.5 billion by selling unregistered
private notes to institutional investors in a transaction exempt
from the registration requirements under the Securities Act. In
2010, the United States Department of the Interior issued two
moratoria that halted all drilling at depths greater than 500 feet
between May 6, 2010 and October 12, 2010 following explosion in the
Gulf of Mexico and creating the largest oil spill in U.S. history.

The Second Amended Complaint, among others, alleges that the
Prospectus's projection of a "substantial increase in production
over the next year as development wells are brought to production"
was misleading because defendants did not believe, and had no
reasonable basis to believe, that production would actually
increase.  Plaintiff also pointed out that (1) ATP did not submit
permit applications for its Gomez #9 and #10 wells until June 2011,
thereby ensuring that the Gomez wells would not contribute to the
projected production increase in 2011; (2) ATP did not conduct
"exploratory testing" at wells attached to the Telemark Hub and
therefore could not "accurately estimate" production from these
wells; (3) "connectivity" problems at ATP's Atwater well suggested
that other wells attached to the Telemark Hub would also have less
than anticipated production; and (4) ATP did not have the financial
resources to complete the Telemark and Gomez projects.

Defendants T. Paul Buhlman, Albert L. Reese, Jr., and Keith R.
Godwin have filed a motion to dismiss plaintiff's Second Amended
Complaint for failure to state a claim. Defendants Chris A.
Brisack, Arthur H. Dilly, Gerard J. Swonke, Brent M. Longnecker,
Walter Wendlandt, Burt A. Adams, George R. Edwards, and Robert J.
Karow have likewise filed a motion to dismiss the Second Amended
Complaint.

The Officer and Director Defendants asked the Court to dismiss
plaintiff's Second Amended Complaint for failure to state a claim.

In the Order and Reasons dated August 14, 2015 available at
http://is.gd/6JSHeufrom Leagle.com, Judge Vance found that
plaintiff has failed to plead sufficient facts to give rise to an
inference that defendants possessed actual knowledge that the
projection of a substantial increase in production was false or
misleading at the time it was made and that ATP's projection of a
substantial increase in production was accompanied by "substantive
company-specific warnings thus, the projection therefore falls
within the safe-harbor provision for forward-looking statements and
defendants cannot be held liable under Section 11. 15 U.S.C. Sec.
77z-2(c)(1)(A)(I).

Plaintiffs are represented by Andrew Allen Lemmon, Esq. --
Andrew@lemmonlawfirm.com -- Irma L. Netting, Esq.
--irma@lemmonlawfirm.com -- LEMMON LAW FIRM  

Defendants are represented by Omer Frederick Kuebel, III, Esq.  --
rjuebel@lockelord.com -- Alicia Fazzano Castro, Esq.  --
acastro@lockelord.com -- Brent Benoit, Esq.  --
bbenoit@lockelord.com -- Corby Davin Boldissar, Esq.  --
cboldissar@lockelord.com -- Monique M. Lafontaine, Esq.  --
mlafontaine@lockelord.com -- Philip Guy Eisenberg, Esq.  --
meisenberg@lockelord.com -- LOCKE LORD LLP


AURORA DIAGNOSTICS: Holds Q2 Conference Call
--------------------------------------------
Aurora Diagnostics Holdings, LLC, announced that it will hold a
conference call to review its results for the quarter ended June
30, 2015, on Tuesday, Aug. 25, 2015, at 1:00 p.m. Eastern Time.
The call may be accessed by dialing (877) 561-2748 for U.S. callers
or (720) 545-0044 for international callers.  Please reference
conference ID# 14726106.

The Company will provide a live internet webcast of the conference
call, as well as an archived replay, all of which can be accessed
from the Company's Investor Relations page at www.auroradx.com.  In
addition, a telephonic replay of the conference call will be
available through midnight on Monday, Aug. 31, 2015, and can be
accessed by dialing (855) 859-2056 (toll free) or (404) 537-3406.
Please reference conference ID# 14726106.

                     About Aurora Diagnostics

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

Aurora Diagnostics reported a net loss of $55.4 million on $243
million of net revenue for the year ended Dec. 31, 2014, compared
to a net loss of $73 million on $248 million of net revenue for
the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $270.4 million in total
assets, $434.5 million in total liabilities and a members' deficit
of $164.1 million.

                             *   *   *

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

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

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


BG MEDICINE: Prices Underwritten Public Offering
------------------------------------------------
BG Medicine, Inc. announced the pricing of an underwritten public
offering of its equity securities.  Roth Capital Partners is acting
as sole manager for the offering.

The company is offering 2,315,654 Series A units, each consisting
of one share of common stock and one half of a warrant to purchase
one share of common stock, at a purchase price of $1.00 per Series
A unit.  The company is also offering 184,346 Series B units, in
lieu of Series A units, at a purchase price of $1.00 per Series B
unit to those purchasers whose purchase of additional Series A
units in the offering would result in the purchaser beneficially
owning more than 9.99% of the Company's outstanding common stock
following the completion of the offering.  Each Series B unit
consists of one fully pre-funded warrant to purchase one share of
common stock and one half of a warrant to purchase one share of
common stock.  The warrants (other than the fully pre-funded
warrants) will have an exercise price of $1.00 per share.  After
the underwriting discount and estimated offering expenses payable
by the Company, the Company expects to receive net proceeds of
approximately $2.1 million.  There is no established public trading
market for the pre-funded warrants or the warrants and the company
does not expect a market for these securities to develop. The
offering is expected to close on Aug. 18, 2015, subject to
customary closing conditions.

The Company expects to use net proceeds from the offering for its
support of the U.S. launch of the first automated test for
galectin-3, support of its automated partners in the development
and commercialization of additional automated tests for galectin-3,
its proposed expansion of clinical claims and indications for
galectin-3 testing, and other general corporate purposes,
including, but not limited to, working capital, intellectual
property protection, enforcement and in-licensing, capital
expenditures and collaborations.


On Aug. 13, 2015, BG Medicine entered into an underwriting
agreement with Roth Capital pursuant to which the Company agreed to
sell its equity securities to the Underwriter in the firm
commitment underwritten public offering.

                        About BG Medicine

Waltham, Mass.-based BG Medicine is a diagnostics company focused
on the development and commercialization of novel cardiovascular
diagnostic tests to address significant unmet medical needs,
improve patient outcomes and contain healthcare costs.  The
Company is currently commercializing two diagnostic tests, the
first of which is the BGM Galectin-3 test, a novel assay for
measuring galectin-3 levels in blood plasma or serum for use as an
aid in assessing the prognosis of patients diagnosed with heart
failure.  The Company's second diagnostic test is the CardioSCORE
test, which is designed to identify individuals at high risk for
near-term, significant cardiovascular events, such as heart attack
and stroke.

BG Medicine reported a net loss of $8.06 million in 2014, a
net loss of $15.8 million in 2013 and a net loss of $23.8 million
in 2012.

Deloitte & Touche LLP, in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company's recurring
losses from operations, recurring cash used in operating activities
and accumulated deficit raise substantial doubt about its ability
to continue as a going concern.


BLUE SUN ST. JOE: Files Rule 2015-2(A) Statement
------------------------------------------------
Blue Sun St. Joe Refining, LLC, filed with the U.S. Bankruptcy
Court for the Western District of Missouri a statement pursuant to
Local Bankruptcy Rule 2015-2(A).

In the court filing, Blue Sun disclosed that no trustee or
creditors' committee has been appointed in any prior bankruptcy
case and that no legal action against the company and its
affiliated debtors is pending.

Blue Sun also disclosed that none of their properties is in the
possession, custody, or control of a public officer, receiver,
trustee, assignee for the benefit of creditors, mortgagee, pledgee,
or assignee of rents.

Blue Sun further disclosed that it leases a property from Terra
Bioenergy LLC located along Stockyards Expressway, in St. Joseph,
Missouri.

The company pays a monthly rent of $165,000 under the lease
agreement, which is set to expire on Sept. 27, 2015.  As of July
31, 2015, the total amount due under the lease is $302,559, which
includes real estate taxes.

It is anticipated that Terra Bioenergy will be filing a Chapter 11
case, along with a request for joint administration with the
bankruptcy cases of Blue Sun and its affiliated debtors.  The
companies intend to file a joint plan of reorganization that
provides for a merger of their businesses, according to the court
filing.

Blue Sun also filed a list containing the names and addresses of
the companies' utility providers.  The list can be accessed for
free at http://is.gd/0bk198

                     About Blue Sun St. Joe

Blue Sun St. Joe Refining, LLC, and its three affiliates sought
protection under Chapter 11 of the Bankruptcy Code on July 31, 2015
(Bankr. W.D. Mo., Case No. 15-42231).  The case is assigned to
Judge Arthur B. Federman.

The Debtors' general counsel is Jeffrey A. Deines, Esq., at Lentz
Clark Deines PA, in Overland Park, Kansas.  The Debtors' local
counsel is Todd A. Burgess, Esq., John R. Clemency, Esq., and
Lindsi M. Weber, Esq., at Gallagher & Kennedy, P.A., in Phoenix,
Arizona.


BLUE SUN ST. JOE: Files Rule 2015-2(B) Statement
------------------------------------------------
Blue Sun St. Joe Refining LLC and its affiliated debtors, pursuant
to Local Bankruptcy Rule 2015-2(B), disclosed in court papers their
expected gross revenue and loss for the first 30 days after their
bankruptcy filing.  

The companies' consolidated gross revenue is expected to be
approximately $12,000.  An additional $250,000 returned deposit is
also expected, according to a filing with the U.S. Bankruptcy Court
for the Western District of Missouri.

Meanwhile, Blue Sun's expected loss during the first 30 days is
expected to be approximately $762,354.

Blue Sun further disclosed that the combined bi-weekly payroll to
employees is approximately $125,000, decreasing to $67,000
beginning with the pay date of August 21, 2015.  

The company also filed a 13-week budget detailing its anticipated
operating expenses.  A copy of the document is available for free
at http://is.gd/ZXQUFC

                     About Blue Sun St. Joe

Blue Sun St. Joe Refining, LLC, and its three affiliates sought
protection under Chapter 11 of the Bankruptcy Code on July 31, 2015
(Bankr. W.D. Mo., Case No. 15-42231).  The case is assigned to
Judge Arthur B. Federman.

The Debtors' general counsel is Jeffrey A. Deines, Esq., at Lentz
Clark Deines PA, in Overland Park, Kansas.  The Debtors' local
counsel is Todd A. Burgess, Esq., John R. Clemency, Esq., and
Lindsi M. Weber, Esq., at Gallagher & Kennedy, P.A., in Phoenix,
Arizona.


BON-TON STORES: Gabelli Funds, et al., Report 11.8% Equity Stake
----------------------------------------------------------------
Gabelli Funds, LLC, GAMCO Asset Management Inc. and Teton Advisors
Inc. disclosed in a regulatory filing with the Securities and
Exchange Commission that as of Aug. 19, 2015, they beneficially
owned a total of 2,124,536 shares of The Bon-Ton Stores, Inc.,
representing 11.81% of the approximately 17,996,099 shares
outstanding as reported in the Issuer's most recently filed Form
10-Q for the quarterly period ended May 2, 2015.  A copy of the
regulatory filing is available at http://is.gd/VpcL56

                        About Bon-Ton Stores

Bon-Ton Stores, a Pennsylvania corporation, was founded in 1898
and is a department store operator in the United States, offering a
broad assortment of brand-name fashion apparel and accessories for
women, men and children.  The Company's merchandise offerings also
include cosmetics, home furnishings and other goods.  The Company
currently operate 270 stores in 26 states in the Northeast, Midwest
and upper Great Plains under the Bon-Ton, Bergner's, Boston Store,
Carson's, Elder-Beerman, Herberger's and Younkers nameplates,
encompassing a total of approximately 25 million square feet.

Bon-Ton Stores reported a net loss of $6.97 million on $2.75
billion of net sales for the fiscal year ended Jan. 31, 2015,
compared to a net loss of $3.55 million on $2.77 billion of net
sales for the fiscal year ended Feb. 1, 2014.  The Company reported
a net loss of $21.6 million for the fiscal year ended Feb. 2,
2013.

As of Aug. 1, 2015, Bon-Ton Stores had $1.6 billion in total
assets, $1.58 billion in total liabilities and total shareholders
equity of $15.52 million.

                           *     *     *

As reported by the TCR on May 15, 2013, Moody's Investors Service
upgraded Bon-Ton Stores's Corporate Family Rating to 'B3' from
'Caa1' and its Probability of Default Rating to 'B3-PD' from
'Caa1-PD'.

"The upgrade of Bon-Ton's Corporate Family Rating considers the
company's ability to drive modest same store sales growth as well
as operating margin expansion beginning in the second half of 2012
and that these positive trends have continued, with the company
reporting that its same store were positive, and EBITDA margins
expanded, in the first fiscal quarter of 2013," said Moody's Vice
President Scott Tuhy.

As reported by the TCR on May 17, 2013, Standard & Poor's Ratings
Services affirmed the 'B-' corporate credit rating on Bon-Ton
Stores.


BON-TON STORES: Reports Second Quarter Fiscal 2015 Results
----------------------------------------------------------
The Bon-Ton Stores, Inc., reported a net loss of $39.56 million on
$570.9 million of net sales and other income for the 13 weeks ended
Aug. 1, 2015, compared to a net loss of $36.19 million on $578.13
million of net sales and other income for the 13 weeks ended Aug.
2, 2014.

For the 26 weeks ended Aug. 1, 2015, the Company reported a net
loss of $73.63 million on $1.19 billion of net sales and other
income compared to a net loss of $67.7 million on $1.2 billion of
net sales and other income for the 26 weeks ended Aug. 2, 2014.

As of Aug. 1, 2015, Bon-Ton Stores had $1.6 billion in total
assets, $1.58 billion in total liabilities and total shareholders
equity of $15.52 million.

Kathryn Bufano, president and chief executive officer, commented,
"While our second quarter sales results were challenged, we saw
meaningful improvement in our gross margin rate and effectively
managed expenses, enabling us to achieve Adjusted EBITDA in line
with that of last year.  Sales were pressured by unseasonably cool
weather, which impacted our seasonal classifications, and by
weakness in overall traffic trends.  That said, we were encouraged
by the sales improvement in certain core categories and our private
label business.  We drove higher merchandise margins while we
managed our inventory well, ending the quarter with on-hand
inventories flat to last year on a comparable store basis and
moving in the right direction to achieve our inventory reduction
goal by the end of the year.  Additionally, as previously
announced, we closed on a sale/leaseback transaction that enabled
us to retire one of our mortgage facilities."

Ms. Bufano continued, "Looking ahead, we believe that some of the
macro pressures that impacted our sales during the second quarter
will continue into the second half and, therefore, we are reducing
our fiscal 2015 Adjusted EBITDA guidance to a range of $145 million
to $155 million.  We will continue to prudently manage our business
while we remain focused on the continued execution of our strategic
initiatives to drive improved sales productivity and EBITDA growth
over the long term."

For fiscal 2015, the Company now expects Adjusted EBITDA in a range
of $145 million to $155 million.  Earnings per diluted share are
expected to be in a range of a loss of $0.40 to $0.90 on an
adjusted basis to reflect the $4.9 million loss on extinguishment
of debt associated with the early termination of a mortgage
facility (as previously announced, not reflected in original
guidance).  Cash flow (see Note 2) is now expected to be in a range
of ($5) million to $5 million and has been adjusted to include the
early termination fee.

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

                        http://is.gd/Gp8PRk

                       About Bon-Ton Stores

Bon-Ton Stores, a Pennsylvania corporation, was founded in 1898
and is a department store operator in the United States, offering a
broad assortment of brand-name fashion apparel and accessories for
women, men and children.  The Company's merchandise offerings also
include cosmetics, home furnishings and other goods.  The Company
currently operate 270 stores in 26 states in the Northeast, Midwest
and upper Great Plains under the Bon-Ton, Bergner's, Boston Store,
Carson's, Elder-Beerman, Herberger's and Younkers nameplates,
encompassing a total of approximately 25 million square feet.

Bon-Ton Stores reported a net loss of $6.97 million on $2.75
billion of net sales for the fiscal year ended Jan. 31, 2015,
compared to a net loss of $3.55 million on $2.77 billion of net
sales for the fiscal year ended Feb. 1, 2014.  The Company reported
a net loss of $21.6 million for the fiscal year ended Feb. 2,
2013.

                           *     *     *

As reported by the TCR on May 15, 2013, Moody's Investors Service
upgraded Bon-Ton Stores's Corporate Family Rating to 'B3' from
'Caa1' and its Probability of Default Rating to 'B3-PD' from
'Caa1-PD'.

"The upgrade of Bon-Ton's Corporate Family Rating considers the
company's ability to drive modest same store sales growth as well
as operating margin expansion beginning in the second half of 2012
and that these positive trends have continued, with the company
reporting that its same store were positive, and EBITDA margins
expanded, in the first fiscal quarter of 2013," said Moody's Vice
President Scott Tuhy.

As reported by the TCR on May 17, 2013, Standard & Poor's Ratings
Services affirmed the 'B-' corporate credit rating on Bon-Ton
Stores.


BOOMERANG SYSTEMS: Can Hire Garden City as Claims Agent
-------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware authorized Boomerang Systems, Inc., et al., to employ
Garden City Group, LLC, as claims and noticing agent to, among
other things, (i) distribute required notices to
parties-in-interest, (ii) receive, maintain, docket and otherwise
administer the proofs of claim filed in the Chapter 11 cases, and
(ii) provide other administrativr services that would fall within
the purview of services to be provided by the Clerk's Office.

                      About Boomerang Systems

Headquartered in Morristown, New Jersey, Boomerang Systems, Inc.
(Pink Sheets: BMER) through its wholly owned subsidiary, Boomerang
Utah, is engaged in the design, development, and marketing of
automated racking and retrieval systems for automobile parking and
automated racking and retrieval of containerized self-storage
units.

Boomerang Systems, Inc., and three affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 15-11729) on Aug. 18,
2015.

The Company has engaged the law firms Togut, Segal & Segal LLP as
general bankruptcy counsel, Ciardi, Ciardi & Astin as local
bankruptcy counsel, and Garden City Group, LLC, as claims and
noticing agent.  In addition, the Company has retained the law firm
Berg & Androphy, which filed a lawsuit on Aug. 18, 2015 in the
Southern District of New York against the Company's defaulting
lender.


BOOMERANG SYSTEMS: Given Until Sept. 18 to File Schedules
---------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware gave Boomerang Systems, Inc., et al., until Sept. 18,
2015, to file their schedules of assets and liabilities and
statements of financial affairs.

                      About Boomerang Systems

Headquartered in Morristown, New Jersey, Boomerang Systems, Inc.
(Pink Sheets: BMER) through its wholly owned subsidiary, Boomerang
Utah, is engaged in the design, development, and marketing of
automated racking and retrieval systems for automobile parking and
automated racking and retrieval of containerized self-storage
units.

Boomerang Systems, Inc., and three affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 15-11729) on Aug. 18,
2015.

The Company has engaged the law firms Togut, Segal & Segal LLP as
general bankruptcy counsel, Ciardi, Ciardi & Astin as local
bankruptcy counsel, and Garden City Group, LLC, as claims and
noticing agent.  In addition, the Company has retained the law firm
Berg & Androphy, which filed a lawsuit on Aug. 18, 2015 in the
Southern District of New York against the Company's defaulting
lender.


BOOMERANG SYSTEMS: Seeks to Reject Installation Contracts
---------------------------------------------------------
Boomerang Systems, Inc., et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to reject executory
contracts that are no longer beneficial to the Debtors' estates.

These contracts provide, among other things, that Boomerang will
design, supply, and install its RoboticValet(R) parking garages in
properties throughout the United States.  The Contracts, as
currently constituted, are not profitable due to the costs of the
various projects.  The Debtors project that the estates may incur
millions of dollars in administrative expense liabilities on
account of the Contracts over the remaining terms of the agreements
if the Contracts are not rejected immediately.

                      About Boomerang Systems

Headquartered in Morristown, New Jersey, Boomerang Systems, Inc.
(Pink Sheets: BMER) through its wholly owned subsidiary, Boomerang
Utah, is engaged in the design, development, and marketing of
automated racking and retrieval systems for automobile parking and
automated racking and retrieval of containerized self-storage
units.

Boomerang Systems, Inc., and three affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 15-11729) on Aug. 18,
2015.

The Company has engaged the law firms Togut, Segal & Segal LLP as
general bankruptcy counsel, Ciardi, Ciardi & Astin as local
bankruptcy counsel, and Garden City Group, LLC, as claims and
noticing agent.  In addition, the Company has retained the law firm
Berg & Androphy, which filed a lawsuit on Aug. 18, 2015 in the
Southern District of New York against the Company's defaulting
lender.


BOREAL WATER: Delays Second Quarter Form 10-Q
---------------------------------------------
Boreal Water Collection, Inc., filed with the U.S. Securities and
Exchange Commission a Notification of Late Filing on Form 12b-25
with respect to its quarterly report on Form 10-Q for the period
ended June 30, 2015.  The Company was unable to file the subject
report in a timely manner because it was not able to complete
timely its financial statements without unreasonable effort or
expense.

                         About Boreal Water

Kiamesha Lake, N.Y.-based Boreal Water Collection, Inc., is a
personalized bottled water company specializing in premium custom
bottled water.

Boreal Water reported a net loss of $886,000 on $2.41 million of
sales for the year ended Dec. 31, 2014, compared with net income of
$613,000 on $2.15 million of sales for the year ended Dec. 31,
2013.

As of March 31, 2015, the Company had $3 million in total assets,
$2.68 million in total liabilities, and $314,000 in total
stockholders' equity.

Terry L. Johnson, CPA, in Casselberry, 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 has incurred a deficit of approximately $3.6 million and
has used approximately $800,000 of cash due to its operating
activities in the two years ended Dec. 31, 2014.  The Company may
not have adequate readily available resources to fund operations
through Dec. 31, 2015.  This raises substantial doubt about the
Company's ability to continue as a going concern.


BPZ RESOURCES: Sept. 1 Hearing on Bid to Extend Plan Exclusivity
----------------------------------------------------------------
In the Chapter 11 case of BPZ Resources, Inc., an oral hearing is
set for Tuesday, September 1, 2015 at 9:00 a.m. (Houston Time)
before the Honorable David R. Jones, United States Bankruptcy
Judge, in Courtroom 400 at the Bankruptcy Court located at 515 Rusk
Avenue, Houston, Texas 77002, for the Debtor's Expedited Third
Motion For Entry of an Order Pursuant to Section 1121(d) of the
Bankruptcy Code Extending the Exclusive Periods to File and Solicit
Acceptances of a Chapter 11 Plan.

BPZ explains that since the closing of the sales of substantially
all of its assets in late July, the Debtor has been formulating a
plan of liquidation to provide for, among other things, the
distribution of the proceeds from such sales. The Debtor has also
been working with the Committee with the hope of proposing a
consensual plan. Given the upcoming expiration of the Exclusive
Periods on September 8, 2015, however, the Debtor requests an
extension of exclusivity to build on the momentum this case gained
and to bring to the Debtor and parties in interest a successful
resolution.

BPZ believes a plan will be filed on or before the expiration of
the current Exclusive Filing Period. However, to the extent the
Debtor is unable to file a plan prior to the expiration of the
current Exclusive Filing Period, the Debtor filed the motion for a
45-day extension of the Exclusive Filing Period out of an abundance
of caution. Moreover, even if the Debtor files the plan before the
expiration of the current Exclusive Filing Period, the Debtor will
still need sufficient time to solicit acceptances of such plan.

The Debtor also seeks expedited consideration of the Motion because
the exclusive period for filing a chapter 11 plan and their
exclusive period to solicit acceptances of a plan of reorganization
each expire on September 8, 2015, and -- absent a bridge order from
the Court -- the Debtor must ensure that its request for an
extension of exclusivity is heard prior to such expiration. The
Debtor is currently in discussions with the Committee regarding the
extension proposed, but filed the Motion to ensure the Exclusive
Periods do not prematurely expire.

On August 5, 2015, the Debtor filed a motion to approve a
stipulated order further extending the Exclusive Filing Period.
The Court approved an extension of the
Exclusive Filing Period to a date through and including September 8
by a stipulated order between the Debtor and the Committee.

The Debtor in June sought permission to sell substantially all of
the equity interests it owned in its non-debtor subsidiaries and
take actions to purchase three GE LM 6000 PD Sprint turbines owned
by a non-debtor subsidiary.  The Court on July 8 approved the sale
of substantially all of the Debtor's assets pursuant to a series of
transactions.  The Sale Transactions closed on July 30 and July 31,
2015.

Specifically, the Court entered an order:

     (i) approving the Purchase and Sale Agreement between the
Company and Zedd Energy Holdco Ltd.;

    (ii) approving the Purchase and Sale Agreement between the
Company and Zorritos Peru Holdings Inc.;

   (iii) authorizing the sale of the Company's assets as
contemplated by the Purchase Agreement and Spin-Off Contract free
and clear of any claims, liens, interests and encumbrances; and

    (iv) authorizing the Company to take any action necessary to
consummate the transactions contemplated by the Purchase Agreement
and the Spin-Off Contract.

The Order expressly is not to be construed as determining,
impairing, restricting, limiting or otherwise waiving any rights,
claims, interests and/or defenses that Pacific Rubiales Energy
Corp. and Pacific Off Shore Peru S.R.L. has or may have with
respect to BPZ Exploracion & Produccion S.R.L. or any other
non-debtor entity under the Joint Operating Agreement and
Operating
Services Agreement for Block Z-1, or any other contract or
agreement between PRE and any non-debtor entity. Likewise, all
rights of the Company, the Official Committee of Unsecured
Creditors or any other parties to challenge the assertion of any
such PRE Rights/Claims are also expressly preserved.

                  $8.5 Mil. Sale Deal with Zedd

The Company, as seller, and Zedd Energy Holdco Ltd., a Cayman
Islands exempted limited company, as purchaser, entered into a
Purchase and Sale Agreement pursuant
to which the Company has agreed to sell to Zedd pursuant to Section
105 and 363 of the Bankruptcy Code all of its equity interests in a
new subsidiary holding company structure for its subsidiaries BPZ
Energy, LLC, a Texas limited liability company, BPZ E&P and BPZ
Marine Peru S.R.L., which is required to be implemented to effect
the transfer, subject to satisfaction of certain conditions set
forth in the Purchase Agreement.

Following an internal restructuring and the spin-off transaction
prior to the sale of the equity interests, the assets that will
remain with these entities after the sale to Zedd are:

     * BPZ E&P's 51% working interest in the License Contract
       for offshore Block Z-1 in northwest Peru,

     * all of the Company's marine assets, and

     * any related assets.

The Purchase Agreement provides for a purchase price of $8.5
million in cash, payable upon closing.

Consummation of the Purchase Agreement with Zedd is subject to a
number of customary and other closing conditions, including, among
others, (i) the accuracy of the representation and warranties of
the parties, (ii) material compliance by the parties with their
obligations under the Purchase Agreement, (iii) consummation of
the
internal restructuring and (iv) certain tax-related conditions.

              $1 Mil. Spin-Off Contract with Zorritos

The Company, as seller, and Zorritos Peru Holdings Inc., a Panama
corporation, as purchaser, entered into a Purchase and Sale
Agreement dated as of July 8, 2015
pursuant to which the Company has agreed, either directly or
indirectly, to cause the following spin-off transactions to
Zorritos pursuant to Section 105 and 363 of the Bankruptcy Code:  

     (i) transfer and assign all of BPZ E&P's rights and
         obligations under the license contracts of onshore
         Blocks XIX, XXII and XXIII in northwestern Peru to
         Upland Oil & Gas, S.R.L. or any other qualified
         operator as defined under Peruvian law as designated
         by Zorritos;

    (ii) all cash and other collateral supporting any corporate
         or financial guarantees granted or issued by BPZ E&P
         with respect to the Onshore Block Licenses;

   (iii) certain material and supplies of BPZ E&P related to
         the Onshore Block Licenses;

    (iv) the intellectual property related to the Onshore Block
         Licenses;

     (v) all equity interests in the Company's power generation
         subsidiary Empresa Electrica Nueva Esperanza S.R.L.,

    (vi) subject to Ecuadorian government approval and
         applicable rights of first refusal, all equity
         interests in the Company's subsidiary SMC Ecuador,
         Inc.; and

   (vii) any other contracts, licenses, permits, orders and
         related rights relating solely to the ownership,
         operation or use of the Spin-Off Assets.

Items (i) to (vi) are the so-called Spin-Off Assets.

The Spin-Off Contract provides for a purchase price of $1.0
million
in cash, payable upon closing, subject to certain adjustments if
the SMC Ecuador, Inc. equity interests are not acquired.

Consummation of the Spin-Off Contract with Zorritos is subject to
a
number of customary closing conditions, including, among others,
(i) the accuracy of the representation and warranties of the
parties and (ii) material compliance by the parties with their
obligations under the Spin-Off Contract.

The transactions under the Purchase Agreement and the Spin-Off
Contract are scheduled to close on or before July 24, 2015. If
certain closing conditions under the Purchase Agreement with Zedd
are not met or waived by this date, the Company shall have the
right, in the sole collective discretion of the Company and the
Official Committee of Unsecured Creditors to seek to effect the
transaction under that certain Equity Interest Purchase and Sale
Agreement, dated as of July 8, 2015, by and between the Company
and
Zorritos (which is currently the back-up bidder to Zedd in the
auction with respect to the sale of equity interests covered by
the
Purchase Agreement). If such right is exercised, Zedd will be
deemed the back-up bidder for five business days after the Final
Closing Date, after which time it may revoke its bid and terminate
the Purchase Agreement.

A copy of the Purchase Agreement with Zedd is available at
http://is.gd/hF0sjo

A copy of the Spin-Off Contract with Zorritos is available at
http://is.gd/yb1sv4

Attorneys for the Debtor:

     HAWASH MEADE GASTON NEESE & CICACK LLP
     Walter Cicack, Esq.
     2118 Smith Street
     Houston, TX 77002
     Telephone: (713) 658-9001
     Facsimile: (713) 658-9011

          - and -

     STROOCK & STROOCK & LAVAN LLP
     Kristopher M. Hansen, Esq.
     Frank A. Merola, Esq.
     Matthew G. Garofalo, Esq.
     180 Maiden Lane
     New York, NY 10038
     Telephone: (212) 806-5400
     Facsimile: (212) 806-6006

                    About BPZ Resources

BPZ Energy -- http://www.bpzenergy.com/-- is an independent oil
and gas exploration and production company which has license
contracts covering 1.9 million net acres in offshore and onshore
Peru.  BPZ Resources maintains an office in Victoria, Texas, and
through its subsidiaries maintains offices in Lima and Tumbes,
Peru, and Quito, Ecuador.

BPZ Resources sought Chapter 11 protection (Bankr. S.D. Tex. Case
No. 15-60016) in Victoria, Texas, on March 9, 2015.  The case is
pending before the Honorable David R. Jones.

The Debtor has tapped Stroock & Stroock & Lavan LLP as bankruptcy
counsel, Hawash Meade Gaston Neese & Cicack LLP, as local Texas
counsel, Houlihan Lokey Capital, Inc., as investment banker, Baker
Hostetler, as the audit committee's special counsel; and Kurtzman
Carson Consultants as claims and noticing agent.

The Debtor disclosed total assets of $364 million and debt of $275
million.

The U.S. trustee overseeing the Chapter 11 case of BPZ Resources
Inc. appointed five creditors of the company to serve on the
official committee of unsecured creditors.  Counsel for the
Committee:

     AKIN GUMP STRAUSS HAUER & FELD LLP
     Charles R. Gibbs, Esq.
     Marty L. Brimmage, Jr., Esq.
     1700 Pacific Avenue, Suite 4100
     Dallas, TX 75201
     Telephone: (214) 969-2800
     Facsimile: (214) 969-4343

          - and -

     Michael S. Stamer, Esq.
     Meredith A. Lahaie, Esq.
     One Bryant Park
     New York, NY 10036-6745
     Telephone: (212) 872-1000
     Facsimile: (212) 872-1002


CAESARS ENTERTAINMENT: 2020 Bank Debt Trades at 6% Off
------------------------------------------------------
Participations in a syndicated loan under which Caesars
Entertainment Inc. is a borrower traded in the secondary market at
94.21 cents-on-the-dollar during the week ended Friday, August 14,
2015, according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in the August 18, 2015, edition of The Wall
Street Journal. This represents a decrease of 0.49 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 September 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 246 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended Friday, August 14.


CANAL ASPHALT: Pension Fund Suit to Continue Against Non-Debtors
----------------------------------------------------------------
Judge Brian M. Cogan of the United States District Court for the
Eastern District of New York held that the action filed by the
administrators of pension fund established under the Employee
Retirement Income Security Act of 1974 for Canal Asphalt Inc.
employees and the union that created the fund is not stayed against
non-debtor defendants.

Defendants Core Contracting of NY, LLC, et. al., contend that Canal
Asphalt has filed for Chapter 11 relief in the Southern District of
New York and that as a result of the Chapter 11 filing, the action
is stayed against all defendants pursuant to the Bankruptcy Code's
automatic stay.  They further allege that because the complaint
contains a claim that all four defendants are alter egos of each
other, the automatic stay applies to all defendants, both debtor
and non-debtor.

Judge Cogan held that the automatic stay is automatic as applied to
a debtor because that is what the statute says.  As to non-debtors,
it is relief that is available, but not automatic, Judge Cogan
said.  He ruled that the action will continue against the
non-debtors under the schedule previously set by the Court, unless
the Bankruptcy Court orders otherwise.

The case is PAVERS & ROAD BUILDERS DISTRICT COUNCIL WELFARE FUND;
PAVERS & ROAD BUILDERS DISTRICT COUNCIL PENSION FUND; PAVERS & ROAD
BUILDERS DISTRICT COUNCIL ANNUITY FUND; PAVERS & ROAD BUILDERS
DISTRICT COUNCIL APPRENTICESHIP, SKILL IMPROVEMENT & SAFETY FUND;
THE LOCAL 1010 APPRENTICESHIP SKILL IMPROVEMENT AND TRAINING FUND;
JOSEPH MONTELLE as Funds' Administrator; KEITH LOSCALZO as a Fund
Administrator; and HIGHWAY, ROAD AND STREET CONSTRUCTION LABORERS
LOCAL UNION 1010, LABORERS INTERNATIONAL UNION OF NORTH AMERICA,
Plaintiffs, v. CORE CONTRACTING OF NY, LLC, ET AL., CANAL ASPHALT,
INC.; COLUMBUS CONSTRUCTION CORP.; and NIKAN CONSTRUCTION, INC.,
Defendants, No. 15 CIV. 0207 (BMC).

A full-text copy of Judge Cogan's Memorandum Decision and Order
dated August 18, 2015, is available at http://is.gd/rPVdTPfrom
Leagle.com.

Pavers & Road Builders District Council Welfare Fund, et. al., are
represented by:

          Andrew A. Gorlick, Esq.
          Deke W. Bond, Esq.
          Edward Michael Tobin, Esq.
          GORLICK, KRAVITZ & LISTHAUS, P.C.
          17 State Street, #4
          New York, NY 10004
          Telephone: (212)269-2500
          Email: agorlick@gkllaw.com

Core Contracting of NY, LLC, et. al., are represented by:

          Michael R. Fleishman, Esq.
          GOETZ, FITZPATRICK, MOST & BRUCKMAN LLP
          One Penn Plaza, 31st Floor
          New York, NY 10119
          Telephone: (212)695-8100
          Facsimile: (212)629-4013
          Email: mfleishman@goetzfitz.com

                About Canal Asphalt

Canal Asphalt Inc. filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 15-23094) on July 31, 2015.  The petition was
signed by August Nigro III as president.  The Debtor disclosed
total assets of $20.3 million and total liabilities of $23
million.
Goetz Fitzpatrick LLP serves as the Debtor's counsel.
Hon. Robert D. Drain presides over the case.


CASPIAN SERVICES: Incurs $3.5 Million Net Loss in Second Quarter
----------------------------------------------------------------
Caspian Services, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $3.5 million on $3.26 million of total revenues for the three
months ended June 30, 2015, compared to a net loss of $1.98 million
on $8.2 million of total revenues for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $12.5 million on $12 million of total revenues compared to
a  net loss of $13.6 million on $22.5 million of total revenues for
the same period a year ago.

As of June 30, 2015, the Company had $60.8 million in total assets,
$107.8 million in total liabilities, all current, and $47 million
total deficit.

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

                       http://is.gd/5DpBSQ

                     About Caspian Services

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

Caspian reported a net loss of $18.8 million on $29.9 million of
total revenue for the year ended Sept. 30, 2014, compared with a
net loss of $11.8 million on $33.08 million of total revenues for
the year ended Sept. 30, 2013.

The Company's independent auditors, Haynie & Company, P.C., in Salt
Lake City, Utah, issued a "going concern" qualification on the 2014
consolidated financial statements citing that, "[A] Company
creditor has indicated that it believes the Company may be in
violation of certain covenants of certain substantial financing
agreements.  The financing agreements have acceleration right
features that, in the event of default, allow for the loan and
accrued interest to become immediately due and payable."  According
to the auditors, as a result of this uncertainty, the Company has
included the note payable and all accrued interest as current
liabilities at Sept. 30, 2014.  At Sept. 30, 2014, the Company had
negative working capital of $85.0 million and for the year ended
Sept. 30, 2014, the Company had a net loss of $16.6 million."


CASPIAN SERVICES: Needs More Time to File June 30 Form 10-Q
-----------------------------------------------------------
Caspian Services, Inc., notified the Securities and Exchange
Commission that its Form 10-Q could not be timely filed because
management requires additional time to compile and verify the data
required to be included in the report.  The report will be filed
within five calendar days of the date the original report was due.

The Company anticipates that during the three and nine month
periods ended June 30, 2015, total revenues will have decreased
approximately 60% and 47%, respectively compared to the comparable
periods of the prior fiscal year.  This decrease is the result of
revenue reductions in each segment of our business which is largely
attributable to lack of demand for the Company's services resulting
from the continued delay of development of the Kashagan field,
lower world oil prices and in the case of geophysical services, the
difficult local credit market in Kazakhstan.  Vessel revenues are
expected to be approximately 45% lower during the three months
ended June 30, 2015, and 18% lower during the nine months ended
June 30, 2015, while geophysical service revenues are expected to
be approximately 79% lower during the three months ended June 30,
2015, and approximately 74% lower during the nine months ended June
30, 2015.  Marine base revenue is expected to be approximately 51%
and 41% lower, respectively, in the three and nine month periods
ended June 30, 2015.

The Company believes that total costs and operating expenses will
have decreased approximately 33% and 23%, respectively, during the
three and nine month periods ended June, 2015.  The Company
anticipates losses from operations of approximately $1.7 million
and $5.8 million during the three and nine month periods ended June
30, 2015, compared to income from operations of $0.7 million and a
loss from operations of $0.6 million, respectively, during the
three and nine month periods ended June 30, 2014.

The Company expects to realize an increase in net other expenses of
approximately 2% during the three months ended June 30, 2015, and a
decrease in net other expenses of approximately 39% during the nine
months ended June 30, 2015.  The increase during the three
month-period was principally attributable to increased interest
expense.  The decrease during the nine month period was principally
attributable to decreased foreign currency translation loss.

As a result of the foregoing factors, during the three and nine
months ended June 30, 2015, the Company anticipates realizing net
losses attributable to Caspian Services of approximately $3.5
million and $11.8 million, respectively, compared to $1.4 million
and $11.2 million, respectively during the same periods of fiscal
2014.

The Company anticipates comprehensive loss attributable to Caspian
Services, Inc. during the three and nine month periods ended
June 30, 2015, to be approximately 116% higher and 20% lower,
respectively, compared to the same periods of the prior fiscal
year.

                      About Caspian Services

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

Caspian reported a net loss of $18.8 million on $29.9 million of
total revenue for the year ended Sept. 30, 2014, compared with a
net loss of $11.8 million on $33.08 million of total revenues for
the year ended Sept. 30, 2013.

The Company's independent auditors, Haynie & Company, P.C., in Salt
Lake City, Utah, issued a "going concern" qualification on the 2014
consolidated financial statements citing that, "[A] Company
creditor has indicated that it believes the Company may be in
violation of certain covenants of certain substantial financing
agreements.  The financing agreements have acceleration right
features that, in the event of default, allow for the loan and
accrued interest to become immediately due and payable."  According
to the auditors, as a result of this uncertainty, the Company has
included the note payable and all accrued interest as current
liabilities at Sept. 30, 2014.  At Sept. 30, 2014, the Company had
negative working capital of $85.0 million and for the year ended
Sept. 30, 2014, the Company had a net loss of $16.6 million."


CATASYS INC: Incurs $587,000 Net Loss in Second Quarter
-------------------------------------------------------
Catasys, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $587,000
on $472,000 of revenues for the three months ended
June 30, 2015, compared to a net loss of $27.44 million on $312,000
of revenues for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $847,000 on $905,000 of revenues compared to a net loss of
$25.30 million on $511,000 of revenues for the same period during
the prior year.

As of June 30, 2015, the Company had $1.91 million in total assets,
$7.17 million in total liabilities and a total stockholders'
deficit of $5.26 million.

"[W]e currently expend cash at a rate of approximately $450,000 per
month, excluding non-current accrued liability payments.  We also
anticipate cash inflow to increase during 2015 as we continue to
service our executed contracts and sign new contracts.  We expect
our current cash resources to cover our operations into the fourth
quarter of 2015; however delays in cash collections, revenue, or
unforeseen expenditures could impact this estimate.  We are in need
of additional capital, however, there is no assurance that
additional capital can be timely raised in an amount which is
sufficient for us or on terms favorable to us and our stockholders,
if at all.  If we do not obtain additional capital, there is a
significant doubt as to whether we can continue to operate as a
going concern and we will need to curtail or cease operations or
seek bankruptcy relief.  If we discontinue operations, we may not
have sufficient funds to pay any amounts to our stockholders," the
Company said in the filing.

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

                        http://is.gd/rUZtvR

                         About Catasys Inc.

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

Catasys reported a loss of $27.3 million on $2.03 million of
healthcare services revenues for the 12 months ended Dec. 31, 2014,
compared to a loss of $4.67 million on $754,000 of healthcare
services revenues for the 12 months ended Dec. 31, 2013.

Rose, Snyder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has continued
to incur significant operating losses and negative cash flows from
operations during the year ended Dec. 31, 2014.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


CHINA SHIANYUN: Reports $991,000 Net Income for Second Quarter
--------------------------------------------------------------
China Shianyun Group Corp., Ltd. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $991,000 on $24,382 of revenues for the three months
ended June 30, 2015, compared to a net loss of $239,042 on $57,630
of revenues for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported net
income of $1.11 million on $806,800 of revenues compared to a net
loss of $949,000 on $159,000 of revenues for the same period in
2014.

As of June 30, 2015, the Company had $3.79 million in total assets,
$4.89 million in total liabilities, and a stockholders' deficit of
$1.10 million.

"As of June 30, 2015, the Company has accumulated deficits of
$4,588,815, a negative working capital of $3,317,617.  The Company
may need additional cash resources to operate during the upcoming
12 months, and the continuation of the Company may be dependent
upon the continuing financial support of investors, directors
and/or stockholders of the Company.  However, there is no assurance
that equity or debt offerings will be successful in raising
sufficient funds to assure the eventual profitability of the
Company.  The financial statements do not include any adjustments
relating to the recoverability and classification of recorded
assets, or the amounts of and classification of liabilities that
might be necessary in the event the Company cannot continue in
existence," the Company said in the filing.

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

                       http://is.gd/xwq22t

                      About China Shianyun

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

China Shianyun reported a net loss of $1.33 million on $210,000 of
revenues for the year ended Dec. 31, 2014, compared to a net loss
of $382,000 on $2 million of revenues for the year ended Dec. 31,
2013.

AWC (CPA) Limited, in Hong Kong, China, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, noting that the Company has a significant
accumulated deficits and negative working capital. These factors
raise substantial doubt about the Company's ability to continue as
a going concern.


CLIFFORD WOERNER: Bankruptcy Attorneys' $46,000 Fees Allowed
------------------------------------------------------------
Judge Craig A. Gargotta of the United States Bankruptcy Court for
the Western District of  Texas, Austin Division, in a memorandum
opinion dated Aug. 21, 2015, ruled that Barron & Newburger, P.C.'s
Amended Final Application for Compensation as attorneys for
Clifford Joseph Woerner and Gail Suzanne Woerner is allowed in the
amount of $46,311.

The case is IN RE: CLIFFORD JOSEPH WOERNER and GAIL SUZANNE
WOERNER, CHAPTER 7, Debtors, CASE NO. 10-11365-TMD (Bankr. W.D.
Tex.).

A full-text copy of Judge Gargotta's Decision is available at
http://is.gd/pzHLy2from Leagle.com.

Clifford Joseph Woerner, Debtor, represented by Stephen A. Roberts,
Esq. -- stephen.roberts@strasburger.com -- Strasburger & Price,
LLP.

John Patrick Lowe, Trustee, represented by John Patrick Lowe .

Pecos & 15th, Ltd., Intervenor, represented by Arthur A. Stewart ,
Office of the Attorney General.


COMMUNICATION INTELLIGENCE: Incurs $1.8 Million Net Loss in Q2
--------------------------------------------------------------
Communication Intelligence Corporation filed with the Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss attributable to common stockholders of $1.81
million on $367,000 of total revenue for the three months ended
June 30, 2015, compared to a net loss attributable to common
stockholders of $1.85 million on $473,000 of total revenue for the
same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss attributable to common stockholders of $4.07 million on
$814,000 of total revenue compared to a net loss attributable to
common stockholders of $3.90 million on $774,000 of total revenue
for the same period during the prior year.

As of June 30, 2015, the Company had $1.41 million in total assets,
$1.92 million in total liabilities and a $514,000 total deficit.

The Company has incurred significant cumulative losses since its
inception and, at June 30, 2015, the Company's accumulated deficit
was $125,231.  The Company has primarily met its working capital
needs through the sale of debt and equity securities.  As of
June 30, 2015, the Company's cash balance was $409.  The Company
said these factors raise substantial doubt about its ability to
continue as a going concern.

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

                       http://is.gd/2O0Egg

                  About Communication Intelligence

Redwood Shores, California-based Communication Intelligence
Corporation is a supplier of electronic signature products and the
recognized leader in biometric signature verification.


CONTINENTAL SURFACES: Case Summary & 19 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Continental Surfaces of Pittsburgh, LLC
        1023 Main Street
        Pittsburgh, PA 15215

Case No.: 15-23046

Chapter 11 Petition Date: August 24, 2015

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Pittsburgh)

Judge: Hon. Thomas P. Agresti

Debtor's Counsel: Robert O Lampl, Esq.
                  ROBERT O LAMPL, ATTORNEY AT LAW
                  960 Penn Avenue, Suite 1200
                  Pittsburgh, PA 15222
                  Tel: 412-392-0330
                  Fax: 412-392-0335
                  Email: rol@lampllaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Peter Komorowski, managing member.

A list of the Debtor's 19 largest unsecured creditors is available
for free at http://bankrupt.com/misc/pawb15-23046.pdf


CORINTHIAN COLLEGES: Gov't Agencies Object to Liability Releases
----------------------------------------------------------------
Stephanie Gleason, writing for The Wall Street Journal, reported
that a number of state and federal agencies are objecting to the
broad releases of liability in defunct for-profit college operator
Corinthian Colleges Inc.'s chapter 11 liquidation plan ahead of a
bankruptcy court hearing Wednesday to consider approval of the
proposal.

According to the  report, Corinthian's proposed plan says student
creditors and general unsecured creditors are receiving payment "in
full and final satisfaction and settlement" of their claims.  The
plan provides for the establishment of two trusts, each containing
a piece of what's left of Corinthian's assets, to pay the two
creditor groups, the Journal noted.

The U.S. Department of Education said in court documents that the
plan language amounts to a release of liability for Corinthian
College, which is still facing lawsuits from state and federal
agencies regarding the company's allegedly deceptive marketing
practices to students, among other issues. Corinthian has denied
wrongdoing in these lawsuits, the Journal related.

                      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, to complete an
orderly
wind down of its operations.  The cases are jointly administered
Case No. 15-10952.

Judge Kevin J. Carey presides over the case.  Richards, Layton &
Finger, P.A., represents the Debtors in their restructuring
efforts; FTI Consulting, Inc., serves as restructuring advisors
and
Rust Consulting/Omni Bankruptcy serves as claims and noticing
agent.

Corinthian Colleges, Inc., disclosed $721,596,789 in assets and
$2,929,448,278 in liabilities as of the Chapter 11 filing.

The Debtor filed with the Court a first amended and modified
combined disclosure statement and plan of liquidation.  The
Combined Plan incorporates a compromise between the Debtors, the
Official Committee of Unsecured Creditors, the Student Committee
and the Prepetition Secured Parties as to the Distribution of the
Debtors' assets already liquidated or to be liquidated over time
to
the Holders of Allowed Claims in accordance with the terms of the
Combined Plan and Disclosure Statement and the priority of claims
provisions of the Bankruptcy Code.

The U.S. Trustee for Region 3 appointed five creditors to serve on
the official committee of unsecured creditors.  Cooley LLP serves
as its lead counsel, Foley & Mansfield, PLLP serves as its local
counsel, and Province Inc. serves as its financial advisor.


CORNERSTONE HOMES: Court Set to Hear UCC's Bid to Pursue Claims
---------------------------------------------------------------
A U.S. bankruptcy court is set to hear a motion filed by
Cornerstone Homes Inc.'s official committee of unsecured creditors
to pursue claims on behalf of the company.

The U.S. Bankruptcy Court for the Western District of New York will
take up the motion at a status hearing on Sept. 22.

Last month, the court issued an interim order allowing the
unsecured creditors' committee to sue Cornerstone owner David Fleet
who is facing a complaint filed by the Securities and Exchange
Commission over his alleged violations of federal securities laws.


The agency alleged that Mr. Fleet fraudulently sold $16.75 million
worth of unsecured notes, mostly to elderly retirees between 1997
and 2010.

The court order also allowed the committee to sue the company's
pre-bankruptcy lender First Citizens National Bank over a
transaction involving CNY Homes Holdings LLC.

First Citizens and other pre-bankruptcy lenders previously
criticized the committee's bid to pursue claims against them,
saying they made loans to the company.

The committee hit back at the lenders by arguing that they helped
Mr. Fleet "create the appearance of legitimate, profitable
business" and enabled him to operate Cornerstone as a Ponzi scheme
through their loans.  

The lenders, which include The Community Preservation Corp.,
Elmira Savings Bank FSB and Lyons National Bank, provided over $26
million to Cornerstone, court filing show.

                      About Cornerstone Homes

Cornerstone Homes Inc. is based in Corning, New York and is engaged
in the business of buying, selling and leasing single family homes
in the State of New York, with such properties primarily located in
the South Central and South Western portions of the State.

Cornerstone Homes Inc., filed a Chapter 11 petition (Bankr.
W.D.N.Y. Case No. 13-21103) on July 15, 2013, in Rochester
alongside a reorganization plan already accepted by 96 percent of
unsecured creditors' claims.

The Debtor disclosed assets of $18.6 million and liabilities of
$36.2 million.  Four secured lenders with $21.8 million in claims
are to be paid in full under the plan.  Unsecured creditors --
chiefly noteholders with $14.5 million in claims -- will have a 7
percent recovery.

Judge Paul R. Warren presides over the case.  Curtiss Alan Johnson,
Esq., and David L. Rasmussen, Esq., at Davidson Fink, LLP, in
Rochester, N.Y., serve as the Debtor's counsel.  The Debtor has
tapped GAR Associates to appraise a selection of its properties to
support the Debtor's liquidation analysis.

The Official Committee of Unsecured Creditors is represented by
Gregory J. Mascitti, Esq., at LeClairRyan PC.  The Committee
retained Getzler Henrich & Associates LLC as financial advisor.

Cornerstone Homes Inc. delivered to the Bankruptcy Court a First
Amended Plan of Reorganization and explanatory Disclosure Statement
on Jan. 3, 2014.  The Amended Plan supersedes the Plan Cornerstone
prepared prior to filing for bankruptcy.  The Debtor intends to
liquidate properties over a period of time, so as to achieve
maximum recovery for the creditors while avoiding a deleterious
effect on the housing market.  The Plan provides for a distribution
of $1 million as an Unsecured Distribution Amount.  

Owner David Fleet will pledge up to $1 million to fund
distributions under the Plan.  It also provides for the
distribution of the stock in the Reorganized Debtor to holders of
Allowed Unsecured Noteholder Claims under Class 5.  The Class 5
Claimants are expected to receive 7% plus distribution of stock on
the Distribution Date.  The Claimants are impaired and entitled to
vote on the Plan.

No hearing was slated to consider the Amended Plan documents.
Instead, the Court accepted the request of the Committee to appoint
a Chapter 11 trustee to replace management.  The Court approved the
appointment of Michael H. Arnold, Esq., as Chapter 11 trustee.  He
is represented by his law firm, Place and Arnold as his counsel.

Michael H. Arnold, Chapter 11 trustee, is represented by the firm
of Place and Arnold.  LeClairRyan and Barclay Damon LLP serve as
his special counsel.


CORPORATE RESOURCE: Ch. 11 Cases Transferred to NY Court
--------------------------------------------------------
Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern
District of New York, in a memorandum opinion and order dated Aug.
18, 2015, ruled that the venue of the chapter 11 cases of Corporate
Resource Services, Inc., and seven of its affiliated entities, will
be transferred to the Southern District of New York.

Judge Glenn held that the interest of justice and the convenience
of the parties will best be served by transferring the Delaware
Debtors' cases to the Southern District of New York Court.  Despite
the protestations to the contrary by the Delaware Debtors' counsel,
filing the cases in Delaware could only have been done for one
purpose, to prevent one court from overseeing these related cases,
Judge Glenn said.  Having one court administer these cases is the
most cost effective and efficient use of judicial resources, Judge
Glenn concluded.

The case is In re: TS EMPLOYMENT, INC, Chapter 11 Debtor, CASE NO.
15-10243 (MG)(Bankr. S.D.N.Y.).

A full-text copy of Judge Glenn's Decision is available at
http://is.gd/Z0ydILfrom Leagle.com.

Albert Togut, Esq. -- altogut@TeamTogut.com -- Jeffrey R. Gleit,
Esq. -- jgleit@teamtogut.com -- Steven S. Flores, Esq. --
sflores@teamtogut.com -- and Lauren L. Peacock, Esq. --
lpeacock@teamtogut.com -- TOGUT, SEGAL & SEGALL LLP, Attorneys for
James S. Feltman, Solely in His Capacity as Chapter 11 Trustee New
York, NY.

Ronald S. Gellert, Esq. -- rgellert@gsbblaw.com -- GELLERT SCALI
BUSENKELL & BROWN, LLC, Proposed Attorneys for the Debtors
Corporate Resource Services, Inc., et al. Wilmington, DE.

Barry N. Seidel, Esq. -- seidelb@dicksteinshapiro.com -- Eric B.
Fisher, Esq. -- fishere@dicksteinshapiro.com -- Steven B. Smith,
Esq. -- smiths@dicksteinshapiro.com -- Evan J. Zucker, Esq. --
zuckere@dicksteinshapiro.com -- DICKSTEIN SHAPIRO LLP, Attorneys
for the Ad Hoc Committee of Unsecured Creditors of Corporate
Resource Services, Inc., et al. New York, NY.

Neal Jacobson, Esq., Alan Maza, Esq., U.S. SECURITIES AND EXCHANGE
COMMISSION, Attorneys for U.S. Securities And Exchange Commission
New York, New York.

Monica P. Folch, Esq., PREET BHARARA, UNITED STATES ATTORNEY FOR
THE SOUTHERN DISTRICT OF NEW YORK, Attorneys for the Internal
Revenue Service New York, NY.

                      About TS Employment

Based in New York, TS Employment Inc. is a professional employer
organization that provides payroll-related services.  Its only
customer is publicly held Corporate Resource Services, Inc., a
diversified technology, staffing, recruiting, and consulting
services firm.  TS processes payroll of up to 30,000 employees.

TS Employment sought Chapter 11 for protection (Bankr. S.D.N.Y.
Case No. 15-10243) in Manhattan on Feb. 2, 2015.  Judge Martin
Glenn is assigned to the case.

The Debtor estimated at least $100 million in assets and debt.

The Debtor tapped Scott S. Markowitz, Esq., at Tarter Krinsky &
Drogin LLP, in New York, as counsel.  Realization Services Inc.
serves as the Debtor's consultant.

James S. Feltman serves as Chapter 11 trustee.  The Chapter 11
Trustee retains Friedman LLP as special accountant and Mesirow
Financial Consulting, LLC, as accountant to provide accounting,
forensic, and investigatory services.

                           About Corporate Resource

Corporate Resource Services, Inc., was a New York-based provider
of
employment and human resource solutions for corporations
throughout
the United States.  CRS leases its headquarters and does not own
any real property.  About 90% of CRS shares are owned by Robert
Cassera and the balance are traded OTC.

As of Dec. 31, 2014, CRS was one of the largest employment
staffing
companies in the U.S., providing employment and human resources
solutions for corporations with annual sales of about one billion
dollars.  In February 2015, CRS began an orderly wind down of
operations after discovering that TS Employment, Inc., a privately
held company owned by Mr. Cassera, failed to remit tens of
millions
of dollars of the Debtors' withholding taxes to taxing
authorities.

TS Employment Inc., a professional employer organization that
provided payroll-related services for CRS, sought Chapter 11
protection (Bankr. S.D.N.Y. Case No. 15-10243) in Manhattan on
Feb.
2, 2015.  TSE tapped Scott S. Markowitz, Esq., at Tarter Krinsky &
Drogin LLP, in New York, as counsel.  Realization Services Inc.
serves as the Debtor's consultant.

CRS and its subsidiaries sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 15-11546) on July 23, 2015, to complete their
orderly wind down of operations.  Judge Kevin J. Carey presides
over the Chapter 11 cases.  The Debtors tapped (a) Gellert Scali
Busenkell & Brown, LLC, as bankruptcy counsel, (b) Wilmer Cutler
Pickering Hale & Dorr LLP, as special counsel; (c) Carter Ledyard
&
Milburn LLP, as special SEC counsel, (d) SSG Capital Advisors as
financial advisors and investment bankers, and (e) Rust Omni LLC
as
claims agent.

CRS estimated $10 million to $50 million in assets and $50 million
to $100 million in debt.


CRP-2 HOLDINGS: U.S. Trustee Forms Two-Member Creditors' Committee
------------------------------------------------------------------
The U.S. trustee overseeing the Chapter 11 case of CRP-2 Holdings
AA, LP appointed two creditors of the company to serve on the
official committee of unsecured creditors:

     (1) Phil Stafford
         Colliers International Asset and Property
         6250 N. River Rd., Ste. 11-100
         Rosemont, IL 60018

     (2) Denise Starkey
         OnX Managed Services, In.
         2200 Cabot Dr., Ste. 450
         Lisle, IL 60532

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                      About CRP-2 Holdings

CRP-2 Holdings AA, L.P., a Delaware limited partnership that was
formed in May of 2006 for the primary purpose of acquiring and
managing real property, filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Ill. Case No. 15-24683) on July 21, 2015.  Neil
Waisnor signed the petition as vice president.   FrankGecker LLP
serves as the Debtor's counsel.  The Debtor estimated assets and
liabilities of at least $100 million.  Judge Donald R Cassling is
assigned to the case.


CYPRESS HEALTH: $50K Deposit for Failed Sale is Property of Estate
------------------------------------------------------------------
Judge Karen S. Jennemann of the United States Bankruptcy Court for
the Northern District of Florida, Gainesville Division, required
the turnover of $50,000 to Cypress Health Systems Florida, Inc.,
determining that the money is property of the bankrupt estate.

In 2009, Partner's Healthcare Development International, LLC,
signed a Letter of Intent and paid a $50,000 escrow deposit to
Tampa Title Company, in an attempt to purchase the Debtor's primary
asset -- the Tri-County Hospital-Williston f/k/a Nature Coast
Regional Hospital.  The Letter of Intent specified that the deposit
would "revert permanently to the possession and control of the
Seller should a purchase by the Buyer not be consummated subsequent
to loan approval within 90-day exclusivity period."  The 90-day
period expired on November 11, 2009.  The sale never closed and the
funds are still with Tampa Title.

When the Debtor filed its Chapter 11 case, Partner's Healthcare was
listed as a creditor and received both notice of the bankruptcy
filing and the deadline to file claims.  However, Partner's
Healthcare never filed a claim seeking the return of the escrow
deposit.

Partner's Healthcare argued that because the Debtor failed to
schedule the $50,000 escrow deposit in its bankruptcy schedules,
the Debtor has no legal or equitable interest in the funds.  It
further argues that because it has a claim that the Debtor failed
to negotiate the sale in good faith, the Debtor did not have the
right to the escrow deposit at the time of the bankruptcy filing.

Judge Jennemann held that Partner's Healthcare lost any interest in
the monies on November 11, 2009, pursuant to the binding LOI, and
any other claim Partner's Healthcare may have had against the
Debtor is now barred due to their failure to timely file a proof of
claim in the bankruptcy case.

The case is In re CYPRESS HEALTH SYSTEMS FLORIDA, INC., d/b/a TRI
COUNTY HOSPITAL-WILLISTON, f/d/b/a NATURE COAST REGIONAL HOSPITAL,
Chapter 11, Debtor, Case No. 1:12-BK-10431-KSJ.

A full-text copy of Judge Jennemann's Memorandum Opinion Granting
Debtor's Motion For Turnover Of Property Of The Estate dated August
19, 2015, is available at http://is.gd/CWrG1Gfrom Leagle.com.

Cypress Health Systems Florida, Inc. is represented by:

          Amy L. Harris, Esq.
          Elena Paras Ketchum, Esq.
          STICHTER, RIEDEL, BLAIN & POSTLER, P.A.
          110 East Madison Street, Suite 200
          Tampa, FL 33602-4700
          Telephone: (813)229-0144
          Facsimile: (813)229-1811
          Email: aharris@srbp.com
                 eketchum@srbp.com


DOLPHIN DIGITAL: Incurs $1 Million Net Loss in Second Quarter
-------------------------------------------------------------
Dolphin Digital Media Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.05 million on $12,400 of total revenues for the three months
ended June 30, 2015, compared to a net loss of $486,000 on $549,000
of total revenues for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss of $2.10 million on $16,100 of total revenue compared with a
net loss of $945,000 on $1.05 million of total revenues for the
same period a year ago.

As of June 30, 2015, the Company had $3.24 million in total assets,
$14.14 million in total liabilities, all current and total
stockholders' deficit of $10.9 million.

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

                        http://is.gd/gw3PSp

                       About Dolphin Digital

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

Dolphin Digital reported a net loss of $1.87 million on $2.07
million of total revenue for the year ended Dec. 31, 2014, compared
to a net loss of $2.46 million on $2.29 million of total revenue
for the year ended Dec. 31, 2013.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered recurring
losses from operations, negative cash flows from operations, and
does not have sufficient working capital.  These events raise
substantial doubt about the Company's ability to continue as a
going concern.


DONALD WOLF: Court Affirms Order Denying Cash Collateral Use
------------------------------------------------------------
Judge Frederick J. Kapala of the United States District Court for
the Northern District of Illinois affirmed the bankruptcy court's
order denying the request filed by David M. Wolf, Donald L. Wolf,
Jr., and Donald L. Wolf, Sr., to use FirstMerit Bank, N.A.'s cash
collateral to pay their professional fees.

The Wolfs, who sought reorganization pursuant to Chapter 11
bankruptcy petitions, moved the bankruptcy court to permit payment
of certain professional fees from the rents collected from a piece
of commercial real estate at 10611-10685 Wolf Drive, in Huntley,
Illinois.  FirstMerit is the holder of a defaulted note secured by
the Property and any rents derived from the Property.

The bankruptcy court denied the Wolfs' motion.

On appeal, the Wolfs represented that should the district court
affirm the bankruptcy court's order denying them the opportunity to
pay their professionals by way of FirstMerit's cash collateral,
they would be unable to successfully reorganize.  As a response to
that representation, FirstMerit moved the bankruptcy court to
convert the Wolfs' bankruptcies to Chapter 7 liquidation rather
than Chapter 11 reorganization.  FirstMerit also filed a motion
with the district court to withdraw that motion from the bankruptcy
court and rule on it immediately.

Judge Kapala concurred with the bankruptcy court that cash
collateral secured by way of Section 552 of the Bankruptcy Code may
not be used by a debtor-in-possession pursuant to Section 363
without consent or providing adequate protection for its value.
The judge also agreed with the bankruptcy court in holding that the
equities-of-the-case exception does not apply to this case.

As to FirstMerit's motion to withdraw the referral to the
bankruptcy court of its motion to convert the Wolfs' cases to
liquidation, Judge Kapala denied the motion because it is a "core"
bankruptcy proceeding.

The case is Donald L. Wolf, Sr., et al., Appellants, v. FirstMerit
Bank, N.A., Appellee, Case Nos. 15 C 50035-37, 15 C 50103, 14 C
500337-39 (N.D. Ill.).

A full-text copy of Judge Kapala's July 31, 2015 order is available
at http://is.gd/dfYVM4from Leagle.com.

FirstMerit Bank, N.A. is represented by:

          Christopher James Harney, Esq.
          Michael Ryan Pinkston, Esq.
          SEYFARTH SHAW LLP
          131 South Dearborn Street Suite 2400
          Chicago, IL 60603-5577
          Tel: (312) 460-5000
          Fax: (312) 460-7000
          Email: charney@seyfarth.com
                 rpinkston@seyfarth.com

David M. Wolf is represented by:

          James E. Stevens, Esq.
          Russell Wade Baker, Esq.
          BARRICK, SWITZER, LONG, BALSLEY & VAN EVERA, LLP
          6833 Stalter Drive
          Rockford, IL 61108
          Tel: (815) 962-6611
          Fax: (815) 962-0687


ECOSPHERE TECHNOLOGIES: Incurs $2.3 Million Net Loss in Q2
----------------------------------------------------------
Ecosphere Technologies, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $2.3 million on $6,250 of total revenues for the
three months ended June 30, 2015, compared to a net loss of $2.42
million on $3,571 of total revenues for the same period during the
prior year.

For the six months ended June 30, 2015, the Company reported a net
loss of $5.11 million on $19,964 of total revenues compared to a
net loss of $5.8 million on $137,820 of total revenues for the same
period in 2014.

As of June 30, 2015, the Company had $15.04 million in total
assets, $7.45 million in total liabilities, $3.84 million in total
redeemable convertible cumulative preferred stock, and $3.74
million in total equity.

As of Aug. 18, 2015, Ecosphere had cash on hand of approximately
$201,755.  Due to the nature of its technology licensing business
model, Ecosphere presently does not have any regularly recurring
revenue.  At June 30, 2015, the Company had a working capital
deficit and accumulated deficit of $5,516,338 and $114,573,132,
respectively.

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

                        http://is.gd/LTMzQs

                    About Ecosphere Technologies

Stuart, Florida-based Ecosphere Technologies (OTC BB: ESPH) --
http://www.ecospheretech.com/-- is a water engineering,
technology licensing and environmental services company that
designs, develops and manufactures wastewater treatment solutions
for industrial markets.  Ecosphere, through its majority-owned
subsidiary Ecosphere Energy Services, LLC, provides energy
exploration companies with an onsite, chemical free method to kill
bacteria and reduce scaling during fracturing and flowback
operations.

Ecosphere reported a net loss of $11.5 million on $1.11 million of
total revenues for the year ended Dec. 31, 2014, compared with net
income of $19.2 million on $6.71 million of total revenues for the
year ended Dec. 31, 2013.

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, citing that the Company reported a
net loss of $11.5 million in 2014, and cash used in operating
activities of $4.55 million and $10.3 million in 2014 and 2013,
respectively.  At Dec. 31, 2014, the Company had a working capital
deficiency, and accumulated deficit of $2.86 million, and $109
million, respectively.  These matters raise substantial doubt about
the Company's ability to continue as a going concern.


EDENOR SA: Reports ARS 255 Million Profit for Second Quarter
------------------------------------------------------------
Edenor S.A. filed its quarterly report with the Securities and
Exchange Commission disclosing profit of ARS 255 million on ARS 899
million of revenue for the three months ended June 30, 2015,
compared to profit of ARS 15.8 million on ARS 853 million of
revenue for the same period in 2014.

For the six months ended June 30, 2015, the Company reported profit
of ARS 725 million on ARS 1.86 billion of revenue compared to a net
loss of ARS 723 million on ARS 1.75 billion of revenue for the same
period in 2014.

As of June 30, 2015, Edenor had ARS 10.74 billion in total assets,
ARS 9.63 billion in total liabilities and ARS 1.11 billion in total
equity.

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

                         http://is.gd/gN75qr

                          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.

Edenor SA reported a loss of ARS780 million on ARS3.59 billion of
revenue for the year ended Dec. 31, 2014, compared with profit of
ARS773 million on ARS3.44 billion of revenue for the year ended
Dec. 31, 2013.


EFT HOLDINGS: Incurs $1.4 Million Net Loss in June 30 Quarter
-------------------------------------------------------------
EFT Holdings, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.4 million on $100,367 of net total revenues for the three
months ended June 30, 2015, compared to a net loss of $520,605 on
$297,978 of net total revenues for the same period in 2014.

As of June 30, 2015, the Company had $5.6 million in total assets,
$14.5 million in total liabilities and a total deficiency of $8.9
million.

The Company has negative working capital of $10,174,356 and an
accumulated deficit of $61,735,504 as of June 30, 2015, and it
reported net losses and did not generate cash from operations for
the past two years.  The Company expects to continue incurring
losses for the foreseeable future and may need to raise additional
capital from external sources in order to continue the long-term
efforts contemplated under its business plan.  According to the
Company, these circumstances, among others, raise substantial doubt
about the Company's ability to continue as a going concern.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended March 31, 2015, citing that the
Company has negative working capital of $8,771,507 and an
accumulated deficit of $60,304,126 as of March 31, 2015, reported
net losses and did not generate cash from operations for past two
years.  These circumstances, among others, raise substantial doubt
about the Company's ability to continue as a going concern.

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

                       http://is.gd/CN9IaG

                         About EFT Holding

California-based EFT Holdings, Inc., is primarily an e-Business
company designed around the "Business-to-Customer" concept, which
means that the Company's products are sold directly to customers
through its web site.  The Company's "Business-to-Customer" model
differs from the traditional "Business to Business" model where
products are sold to distributors who then sell the products to
ultimate customers.

EFT Holdings reported a net loss of $5.30 million on $968,000 of
net total revenues for the year ended March 31, 2015, compared to a
net loss of $20.3 million on $1.80 million of net total revenues
for the year ended March 31, 2014.


EMMAUS LIFE: Henry McKinnell Quits as Director
----------------------------------------------
Henry A. McKinnell, Jr., Ph.D., member of the Board of Directors of
Emmaus Life Sciences, Inc., tendered his resignation from the
Board, effective as of close of business on Aug. 14, 2015, which
has subsequently been extended to Aug. 19, 2015.  Prior to his
resignation, Dr. McKinnell was a member of the Board's Audit and
Compensation, Nominating and Corporate Governance Committees.

Dr. McKinnell's resignation is not due to any disagreement with the
Company or its management.

                         About Emmaus Life

Emmaus Life Sciences, Inc., is engaged in the discovery,
development, and commercialization of treatments and therapies
primarily for rare and orphan diseases.  This biopharmaceutical
company's headquarters is in Torrance, California.

Emmaus Life reported a net loss of $20.8 million on $500,700 of net
revenues for the year ended Dec. 31, 2014, compared to a net loss
of $14.06 million on $391,000 of net revenues for the year ended
Dec. 31, 2013.

As of March 31, 2015, the Company had $2.2 million in total assets,
$24.3 million in total liabilities and a $22.1 million total
stockholders' deficit.

KPMG LLP, in San Diego, California, issued a "going Concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that
the Company has suffered recurring losses from operations, has
significant amounts of debt due within a year, and has a net
capital deficiency that raise substantial doubt about its ability
to continue as a going concern.


EMMAUS LIFE: Needs More Time to File Quarterly Report
-----------------------------------------------------
Emmaus Life Sciences, Inc. filed with the U.S. Securities and
Exchange Commission a Notification of Late Filing on Form 12b-25
with respect to its quarterly report on Form 10-Q for the period
ended June 30, 2015.

"We require additional time to complete our internal approval
process of our consolidated financial statements for the quarter
ended June 30, 2015.  Recent changes to the composition of our
audit committee have delayed the timing of the Audit Committee in
the review and approval of the Form 10-Q," the Company said in the
filing.

The Company expects to file the Quarterly Report within the time
period permitted by Rule 12b-25.

                         About Emmaus Life

Emmaus Life Sciences, Inc., is engaged in the discovery,
development, and commercialization of treatments and therapies
primarily for rare and orphan diseases.  This biopharmaceutical
company's headquarters is in Torrance, California.

Emmaus Life reported a net loss of $20.8 million on $500,700 of net
revenues for the year ended Dec. 31, 2014, compared to a net loss
of $14.06 million on $391,000 of net revenues for the year ended
Dec. 31, 2013.

As of March 31, 2015, the Company had $2.2 million in total assets,
$24.3 million in total liabilities and a $22.1 million total
stockholders' deficit.

KPMG LLP, in San Diego, California, issued a "going Concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that
the Company has suffered recurring losses from operations, has
significant amounts of debt due within a year, and has a net
capital deficiency that raise substantial doubt about its ability
to continue as a going concern.


ESP RESOURCES: Delays Second Quarter Form 10-Q
----------------------------------------------
ESP Resources, Inc. filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the period ended
June 30, 2015.  The Company expects to file the Report within the
extension period provided under Rule 12b-25 of the Securities
Exchange Act of 1934, as amended.

                        About ESP Resources

The Woodlands, Texas-based ESP Resources, Inc., through its
subsidiaries, manufactures, blends, distributes and markets
specialty chemicals and analytical services to the oil and gas
industry and also provides services for the upstream, midstream
and downstream sectors of the energy industry, including new
construction, major modifications to operational support for
onshore and offshore production, gathering, refining facilities
and pipelines designed to optimize performance and increase
operators' return on investment.

ESP Resources reported a net loss of $2.06 million on $11.91
million of net sales for the year ended Dec. 31, 2014, compared to
a net loss of $5.23 million on $10.59 million of net sales in
2013.

Turner, Stone & Company, LLP, in Dallas, Texas, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has incurred
net losses through Dec. 31, 2014, and has a working capital deficit
as of Dec. 31, 2014.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


ESP RESOURCES: Incurs $670K Net Loss in Second Quarter
------------------------------------------------------
ESP Resources, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $669,984 on $1.6 million of net sales for the three months ended
June 30, 2015, compared to a net loss of $666,094 on $2.6 million
of net sales for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $654,780 on $3.8 million of net sales compared to a net
loss of $1.4 million on $5.78 million of net sales for the same
period during the prior year.

As of June 30, 2015, the Company had $4.5 million in total assets,
$9.5 million in total liabilities and a $5 million total
stockholders' deficit.

"We will require additional capital to fund our losses and working
capital deficits and to grow our business to recapture our decline
in sales.  For this most recent quarter, we remained dependent on
our working capital lines and extended credit terms with our
vendors to meet our cash requirements.  We expect this situation to
continue for the foreseeable future until we are able to raise
additional capital on acceptable terms.  While we anticipate
further increases in operating cash flows, we will continue to
require additional capital through equity financing and/or debt
financing, if available, which may result in further dilution in
the equity ownership of our shares and will continue to rely on our
extended payment terms with vendors.  There is still no assurance
that we will be able to maintain operations at a level sufficient
for an investor to obtain a return on his investment in our common
stock or for our vendors to continue cooperating with us as they
have in the past.  Furthermore, we may continue to be unprofitable
and/or unable to grow our sales at a level where we can become
profitable," the Company states in the report.

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

                       http://is.gd/Cs4e7H

                       About ESP Resources

The Woodlands, Texas-based ESP Resources, Inc., through its
subsidiaries, manufactures, blends, distributes and markets
specialty chemicals and analytical services to the oil and gas
industry and also provides services for the upstream, midstream
and downstream sectors of the energy industry, including new
construction, major modifications to operational support for
onshore and offshore production, gathering, refining facilities
and pipelines designed to optimize performance and increase
operators' return on investment.

ESP Resources reported a net loss of $2.06 million on $11.91
million of net sales for the year ended Dec. 31, 2014, compared to
a net loss of $5.23 million on $10.59 million of net sales in
2013.

Turner, Stone & Company, LLP, in Dallas, Texas, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has incurred
net losses through Dec. 31, 2014, and has a working capital deficit
as of Dec. 31, 2014.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


EVANS & SUTHERLAND: Incurs $2.7-Mil. Net Loss in Second Quarter
---------------------------------------------------------------
Evans & Sutherland Computer Corporation filed with the Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $2.7 million on $10.28 million of sales
for the three months ended July 3, 2015, compared to a net loss of
$868,000 on $5.71 million of sales for the three months ended
June 27, 2014.

For the six months ended July 3, 2015, the Company reported a net
loss of $2.59 million on $18.29 million of sales compared to a net
loss of $1.42 million on $12.38 million of sales for the six months
ended June 27, 2014.

As of July 3, 2015, the Company had $27 million in total assets,
$28.2 million in total liabilities and total stockholders' deficit
of $1.23 million.

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

                       http://is.gd/9Tb5Wu

                     About Evans & Sutherland

Salt Lake City, Utah-based Evans & Sutherland Computer Corporation
in conjunction with its wholly owned subsidiary, Spitz Inc.,
creates innovative digital planetarium systems and cutting-edge,
fulldome show content.  E&S has developed Digistar 5, the world's
leading digital planetarium with fulldome video playback, real-
time computer graphics, and a complete 3D digital astronomy
package fully integrated into a single theater system.  This
technology allows audiences to be immersed in full-color, 3D
computer-generated interactive worlds.  As a full-service system
provider, E&S also offers Spitz domes, hybrid planetarium systems
integrated with Digistar and a full range of theater systems from
audio and lighting to theater automation.  E&S markets include
planetariums, science centers, themed attraction venues, and
premium large-format theaters.  E&S products have been installed
in over 1,300 theaters worldwide.

Evans & Sutherland reported a net loss of $1.30 million on $26.5
million of sales for the year ended Dec. 31, 2014, compared with
net income of $1.17 million on $29.6 million of sales for the same
period in 2013.


FINANCIAL HOLDINGS: Gets Approval to Sell AFB Shares to Lender
--------------------------------------------------------------
Financial Holdings Inc. got court approval to sell its shares of
common stock in American Founders Bank Inc.

U.S. Bankruptcy Judge Gregory Schaaf last week approved the sale to
WPB-AFB, LLC, which bought the company's shares by use of a
so-called credit bid.

A secured creditor, WPB-AFB asserts a $14.4 million claim for the
loan it provided to Financial Holdings, which is secured by the
company's shares in the Kentucky-based bank.

Judge Schaaf earlier approved a bidding process that authorized
Financial Holdings to conduct an auction on August 10, with WPB-AFB
as the stalking horse bidder.  

The auction was canceled after the assets failed to draw
"qualified" bids, according to court filings.

                     About Financial Holdings

Financial Holdings, Inc., is a bank holding company, organized
under the laws of the Commonwealth of Kentucky, that owns 100% of
the common stock of two subsidiaries: (i) American Founders Bank,
Inc. and (ii) American Founders Statutory Trust I.  The Bank, in
turn, owns 100% of the voting common stock of American Founders
Loan Corporation.

Financial Holdings sought Chapter 11 protection (Bankr. E.D. Ky.
Case No. 15-51187) on June 16, 2015, in Lexington, Kentucky.  The
Bank, Statutory Trust, and AFLC, are not debtors in the Chapter 11
case.

The Debtor disclosed total assets of $11.9 million and total
liabilities of $40.6 million.

The case is assigned to Judge Gregory R. Schaaf.

The Debtor tapped Stoll Keenon Ogden, PLLC, as counsel, and Austin
Associates, LLC, as financial advisors.

Counsel to the proposed purchaser, WPB-AFB, LLC, are Michael G.
Dailey, Esq., Uday Gorrepati, Esq., and Susan Zaunbrecher, Esq., at
Dinsmore & Shohl, LLP, in Cincinnati, Ohio.


FINJAN HOLDINGS: To Present at Rodman & Renshaw Annual Conference
-----------------------------------------------------------------
Finjan Holdings, Inc., announced that the Company will be
presenting at the Rodman & Renshaw 17th Annual Global Investment
Conference taking place from Sept. 8-10, 2015, at the St. Regis
Hotel in New York, New York.

Phil Hartstein, president and CEO, and Michael Noonan, CFO, are
scheduled to present on Wednesday, September 9th at 10:00 a.m. ET
in the Fontainebleau Foyer II on the second floor.  Management will
be available for one-on-one meetings with attendees on September
9th and 10th.  Investors are encouraged to contact their Rodman &
Renshaw representative or Alan Sheinwald of Capital Markets Group
to request a meeting with management at the conference.

A live webcast will be available at
http://wsw.com/webcast/rrshq25/fnjn. Additionally, the investor
presentation will be made available for download at ir.finjan.com
on the day of the Company's presentation.

                            About Finjan

Finjan, formerly known as Converted Organics, is a leading online
security and technology company which owns a portfolio of patents,
related to software that proactively detects malicious code and
thereby protects end-users from identity and data theft, spyware,
malware, phishing, trojans and other online threats.  Founded in
1997, Finjan is one of the first companies to develop and patent
technology and software that is capable of detecting previously
unknown and emerging threats on a real-time, behavior-based basis,
in contrast to signature-based methods of intercepting only known
threats to computers, which were previously standard in the online
security industry.

Finjan reported a net loss of $10.47 million in 2014 following a
net loss of $6.07 million in 2013.

As of June 30, 2015, the Company had $14 million in total assets,
$2.3 million in total liabilities and $11.7 million in total
stockholders' equity.


FLOATEL INTERNATIONAL: Bank Debt Trades at 26% Off
--------------------------------------------------
Participations in a syndicated loan under which Floatel
International AB is a borrower traded in the secondary market at
74.10 cents-on-the-dollar during the week ended Friday, August 14,
2015, according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in the August 18, 2015, edition of The Wall
Street Journal. This represents a decrease of 0.60 percentage
points from the previous week, The Journal relates.  Floatel
International AB pays 500 basis points above LIBOR to borrow under
the facility.  The bank loan matures on May 16, 2020. Moody's rates
the loan 'B2' and Standard & Poor's gave a 'B' rating to the loan.
The loan is one of the biggest gainers and losers among 246 widely
quoted syndicated loans with five or more bids in secondary trading
for the week ended Friday, August 14.


FORTESCUE METALS: Bank Debt Trades at 19% Off
---------------------------------------------
Participations in a syndicated loan under which Fortescue Metals
Group Ltd is a borrower traded in the secondary market at 81.31
cents-on-the-dollar during the week ended Friday, August 14, 2015,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in the August 18, 2015, edition of The Wall Street
Journal. This represents a decrease of 1.17 percentage points from
the previous week, The Journal relates.  Fortescue Metals Group Ltd
pays 275 basis points above LIBOR to borrow under the facility.
The bank loan matures on June 13, 2019. Moody's rates the loan
'Ba1' and Standard & Poor's gave a 'BB+' rating to the loan.  The
loan is one of the biggest gainers and losers among 246 widely
quoted syndicated loans with five or more bids in secondary trading
for the week ended Friday, August 14.


FOUNDERS RIDGE: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Founders Ridge Holdings, LLC
        2809 Old Bayshore Way
        Tampa, FL 33611

Case No.: 15-12928

Chapter 11 Petition Date: August 24, 2015

Court: United States Bankruptcy Court
       Eastern District of Virginia (Alexandria)

Judge: Hon. Brian F. Kenney

Debtor's Counsel: David C. Jones, Jr., Esq.
                  DAVID C. JONES, JR., P.C.
                  10617 Jones Street, Ste 301-A
                  Fairfax, VA 22030
                  Tel: 703-273-7350
                  Fax: 703-385-3731
                  Email: djones@dcjoneslaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $0 to $50,000

The petition was signed by Eric C. Fedewa, manager.

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


FPL ENERGY: S&P Affirms 'BB' Rating on $380MM Sr. Sec. Bonds
------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'BB' rating
on FPL Energy American Wind LLC's $380 million senior secured
amortizing bonds due 2023 ($88.4 million outstanding as of June 30,
2015).  At the same time, S&P revised the outlook to negative from
stable.  The recovery rating remains unchanged at '1', indicating
S&P's expectation of significant (90% to 100%) recovery if a
default occurs.

S&P's rating action stems from the significant drop in wind
resource the project underwent over the past two quarters.  Wind
speeds have remained erratic due to the persistent El Nino weather
conditions that have affected parts of the U.S.  In the first half
of 2015, American Wind's production dipped by almost 10% from S&P's
base case expectation, and availability, at more than 90%, remained
slightly lower than expectations.  In addition, the project's
operating and maintenance (O&M) costs were higher than expected
leading to a debt service coverage ratio (DSCR) of less than 1x for
the 12 months ended May 2015.

S&P's current expectation is that the wind will revert back to
historical averages, and so S&P's long-term base case forecast
remains unchanged from its last review.  The negative outlook
primarily reflects S&P's view of the near-term resource risk,
timing for wind speeds to revert and low anticipated debt service
coverage.

American Wind is a project finance transaction that repays debt
with revenue payments from selling electricity from six U.S. wind
power projects that total 683 megawatts.  American Wind repays debt
almost entirely from project cash flows generated by converting
wind energy into electricity and selling it to off-takers under
long-term power purchase agreements. American Wind is a wholly
owned subsidiary of FPL Energy Wind Funding LLC (Wind Funding).
Although the former was able to make service its debt payments, it
locked up and did not distribute to Wind Funding in June.  However,
Wind Funding had sufficient liquidity to pay its debt service.

The negative outlook on the American Wind rating reflects the
weaker DSCR due to significantly lower wind speeds and higher O&M
expenses.  S&P will be monitoring the quarterly data and
particularly considering the seasonality of wind will compare each
quarter to 2014's quarters to see if there are signs of reversion
to historical averages or if this wind effect is prolonged.



FRAC TECH: Bank Debt Trades at 35% Off
--------------------------------------
Participations in a syndicated loan under which Frac Tech Services
Ltd is a borrower traded in the secondary market at 65.17
cents-on-the-dollar during the week ended Friday, August 14, 2015,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in the August 18, 2015, edition of The Wall Street
Journal. This represents a decrease of 3.69 percentage points from
the previous week, The Journal relates.  Frac Tech Services pays
475 basis points above LIBOR to borrow under the facility.  The
bank loan matures on April 3, 2021. Moody's rates the loan 'Caa2'
and Standard & Poor's gave a 'CCC+' rating to the loan.  The loan
is one of the biggest gainers and losers among 246 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, August 14.


FTE NETWORKS: Incurs $1.5 Million Net Loss in June 30 Quarter
-------------------------------------------------------------
FTE Networks, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common shareholders of $1.52 million on $4.07
million of revenues for the three months ended June 30, 2015,
compared to a net loss attributable to common shareholders of
$32,915 on $6.92 million of revenues for the same period during the
prior year.

For the nine months ended June 30, 2015, the Company reported a net
loss attributable to common shareholders of $2.07 million on $10.36
million of revenues compared to net income attributable to common
shareholders of $1.83 million on $13.58 million of revenues for the
same period a year ago.

As of June 30, 2015, the Company had $4.10 million in total assets,
$13.64 million in total liabilities and a $9.53 million total
stockholders' deficiency.

                        Bankruptcy Warning

"[W]e have not achieved a sufficient level of revenues to support
our business and development activities and have suffered
substantial recurring losses from operations since our inception,
which conditions raise substantial doubt that we will be able to
continue operations as a going concern.

"Management's plans are to continue to raise additional funds
through the sales of debt or equity securities.  Currently in
process, management's plans are to increase liquidity and enhance
capital resources by attempting to complete negotiations for a $6
million asset-based line of credit which is in the final phases of
the approval process and completion of refinancing $3.5 million of
senior secured notes which will generate an approximate $1.45
million of availability to be used for expansion of the business.
However, there is no assurance that additional financing, including
the aforementioned transactions, will be available when needed or
that management will be able to obtain and close financing on terms
acceptable to the Company and whether the Company will become
profitable and generate positive operating cash flow.  If the
Company is unable to raise sufficient additional funds, it will
have to develop and implement a plan to further extend payables and
reduce overhead until sufficient additional capital is raised to
support further operations, which would have a material adverse
effect on the Company's business, financial condition and results
of operations, and ultimately we could be forced to discontinue our
operations, liquidate and/or seek reorganization under the U.S.
bankruptcy code," the Company stated in the report.

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

                       http://is.gd/h0vOxy

                      About FTE Networks, Inc.

FTE Networks, formerly known as Beacon Enterprise Solutions Group,
Inc., is a vertically integrated company with an international
footprint.  Since its inception, FTE Networks has steadily
advanced its management, operational and technical capabilities to
become a leading provider of services to the telecommunications
and wireless sector with a focus on turnkey solutions.  FTE
Networks provides a comprehensive array of services centered on
quality, efficiency and customer service.


FUEL PERFORMANCE: Incurs $505,000 Net Loss in Second Quarter
------------------------------------------------------------
Fuel Performance Solutions, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $505,195 on $91,295 of net revenues for the three
months ended June 30, 2015, compared to a net loss of $1.99 million
on $454,667 of net revenues for the same period during the prior
year.

For the six months ended June 30, 2015, the Company reported a net
loss of $975,724 on $225,368 of net revenues compared to a net loss
of $653,957 on $829,093 of net revenues for the same period a year
ago.

The Company's balance sheet at June 30, 2015, showed $2.44 million
in total assets, $3.3 million in total liabilities and a total
stockholders' deficit of $862,146.

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

                        http://is.gd/yIbkvj

                      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.

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.


FULLCIRCLE REGISTRY: Delays Second Quarter Form 10-Q
----------------------------------------------------
FullCircle Registry, Inc., was unable to file its quarterly report
on Form 10-Q for the period ended June 30, 2015, within the
prescribed time period due to its difficulty in completing and
obtaining required financial and other information without
unreasonable effort and expense, according to a Form 12b-25
document filed with the Securities and Exchange Commission.  The
Company expects to file the Form 10-Q within the time period
permitted by this extension.

                     About FullCircle Registry

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

FullCircle Registry reported a net loss of $653,000 on $1.49
million of revenues for the year ended Dec. 31, 2014, compared to a
net loss of $448,000 on $1.88 million of revenues for the year
ended Dec. 31, 2013.

As of March 31, 2015, the Company had $5.70 million in total
assets, $6.39 million in total liabilities, and a $687,200 total
stockholders' deficit.

Somerset CPAs, P.C., in Indianapolis, Indiana, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that FullCircle
Registry has suffered recurring losses from operations and has a
net working capital deficiency that raises substantial doubt about
the Company's ability to continue as a going concern.


FULLCIRCLE REGISTRY: Posts $185,000 Net Loss for Second Quarter
---------------------------------------------------------------
FullCircle Registry, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $185,130 on $314,470 of revenues for the three months ended June
30, 2015, compared to a net loss of $165,510 on $396,029 of
revenues for the same period last year.

For the six months ended June 30, 2015, the Company reported a net
loss of $399,759 on $630,549 of revenues compared to a net loss of
$261,019 on $782,172 of revenues for the same period in 2014.

As of June 30, 2015, the Company had $5.57 million in total assets,
$6.4 million in total liabilities and a total stockholders' deficit
of $819,557.

The Company has negative working capital and a capital deficiency
at June 30, 2015.

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

                        http://is.gd/FmLsuL

                     About FullCircle Registry

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

FullCircle Registry reported a net loss of $653,000 on $1.49
million of revenues for the year ended Dec. 31, 2014, compared to a
net loss of $448,000 on $1.88 million of revenues for the year
ended Dec. 31, 2013.

Somerset CPAs, P.C., in Indianapolis, Indiana, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that FullCircle
Registry has suffered recurring losses from operations and has a
net working capital deficiency that raises substantial doubt about
the Company's ability to continue as a going concern.


GALAXY SWITCHGEAR: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Galaxy Switchgear Industries LLC
        46 Sellers St
        Kearny, NJ 07032

Case No.: 15-25824

Chapter 11 Petition Date: August 21, 2015

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

Judge: Hon. John K. Sherwood

Debtor's Counsel: Jay L. Silverberg, Esq.
                  SILVERBERG LAW FIRM LLC
                  One Gateway Center, Suite 2600
                  Newark, NJ 07102
                  Tel: (212) 730-1900
                  Fax: (212) 790-9461
                  Email: Jay@silverbergfirm.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Isak Lamberg, president.

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


GENERAL STEEL: Delays Second Quarter Form 10-Q
----------------------------------------------
General Steel Holdings, Inc. was unable to file the quarterly
report on Form 10-Q for the quarter ended June 30, 2015, within the
prescribed time period without unreasonable effort or expense
because additional time is required to complete the preparation of
the Company's financial statements in time for filing.  The Company
said the Quarterly Report will be filed as soon as practicable.

                    About General Steel Holdings

General Steel Holdings, Inc., headquartered in Beijing, China,
produces a variety of steel products including rebar, high-speed
wire and spiral-weld pipe.  General Steel --
http://www.gshi-steel.com/-- has operations in China's Shaanxi and
Guangdong provinces, Inner Mongolia Autonomous Region and Tianjin
municipality with seven million metric tons of crude steel
production capacity under management.

General Steel reported a net loss of $78.3 million on $1.9 billion
of sales for the year ended Dec. 31, 2014, compared with a net loss
of $42.6 million on $2 billion of sales for the year ended Dec. 31,
2013.

As of March 31, 2015, the Company had $2.5 billion in total assets,
$3.14 billion in total liabilities and a $637 million total
deficiency.

Friedman LLP, 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 an accumulated deficit,
has incurred a gross loss from operations, and has a working
capital deficiency at Dec. 31, 2014.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


GENERAL STEEL: Reports Second Quarter 2015 Financial Results
------------------------------------------------------------
General Steel Holdings, Inc., announced its financial results for
the second quarter ended June 30, 2015.

Ms. Yunshan Li, chief executive officer of General Steel commented,
"Since being appointed as CEO of General Steel in late July, my top
priority has been reviewing and integrating the Company's resources
in order to chart the best course for our business transformation.
During our strategic reviews, we noted that General Steel is one of
the most efficient steel producers in China and that it has
excellent experience, resources and expertise.  And as we further
evaluated General Steel's total value chain, we believe that the
more an organization moves upstream towards energy-saving and
environmental protection solutions, the higher its return on
investments and sustainability will be.  As such, we are very
excited about the potential possibilities for the Company in the
clean-tech and environmental protection sector."

Ms. Li added, "China is now the world's largest energy consumer and
has the largest number of coal-fired power plants and steel mills.
The Chinese government is fully aware of the impact from
fossil-fuel pollution and is launching the tightest-ever
restrictions on emission standards.  In my view, General Steel not
only has its own demand for clean-tech and environmental protection
solutions, but also rich industry resources to promote clean-tech
adoption.  We feel confident that the combination of my direct
knowledge, expertise, and access to emission reduction technology
and GSI's excellent experience, resources and expertise will enable
us to successfully produce and sell leading clean-tech solutions in
China."

John Chen, chief financial officer of General Steel, commented, "As
we forge ahead with our business transformation, in the second
quarter we proactively revalued our steel-manufacturing equipment
in Longmen Joint Venture, and took a write-down of $973.9 million
in its carrying value to better reflect the current market
conditions.  We believe this will lighten future depreciation
burden and better enable the Company to adopt new business
models."

As of June 30, 2015, the Company had cash and restricted cash of
approximately $266.5 million, compared to $367.3 million as of Dec.
31, 2014.  The Company had an inventory balance of $153.1 million
as of June 30, 2015, compared to $156.3 million as of
Dec. 31, 2014.

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

                       http://is.gd/7QDcYq

                    About General Steel Holdings

General Steel Holdings, Inc., headquartered in Beijing, China,
produces a variety of steel products including rebar, high-speed
wire and spiral-weld pipe.  General Steel --
http://www.gshi-steel.com/-- has operations in China's Shaanxi and
Guangdong provinces, Inner Mongolia Autonomous Region and Tianjin
municipality with seven million metric tons of crude steel
production capacity under management.

General Steel reported a net loss of $78.3 million on $1.9 billion
of sales for the year ended Dec. 31, 2014, compared with a net loss
of $42.6 million on $2 billion of sales for the year ended Dec. 31,
2013.

As of March 31, 2015, the Company had $2.5 billion in total assets,
$3.14 billion in total liabilities and a $637 million total
deficiency.

Friedman LLP, 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 an accumulated deficit,
has incurred a gross loss from operations, and has a working
capital deficiency at Dec. 31, 2014.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


GENIUS BRANDS: Incurs $988K Net Loss in Second Quarter
------------------------------------------------------
Genius Brands International, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $987,855 on $133,615 of total revenues for the three
months ended June 30, 2015, compared to a net loss of $1.14 million
on $217,196 of total revenues for the same period during the prior
year.

For the six months ended June 30, 2015, the Company reported a net
loss of $1.62 million on $430,249 of total revenues compared to a
net loss of $1.99 million on $393,478 of revenues for the same
period a year ago.

As of June 30, 2015, the Company had $16.44 million in total
assets, $4.33 million in total liabilities and $12.11 million in
total equity.

Cash totaled $2,872,253 and $5,576,206 at June 30, 2015, and 2014,
respectively.

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

                        http://is.gd/pAVb3I

On Aug. 14, 2015, Genius Brands distributed a letter to its
shareholders from Chairman and CEO Andy Heyward, a copy of which is
available for free at http://is.gd/ZcUg4s

                        About Genius Brands

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

Genius Brands reported a net loss of $3.72 million in 2014, a net
loss of $7.21 million in 2013, a net loss of $2.06 million in
2012 and a net loss of $1.37 million in 2011.


GYMBOREE CORP: Bank Debt Trades at 30% Off
------------------------------------------
Participations in a syndicated loan under which Gymboree Corp is a
borrower traded in the secondary market at 70.13
cents-on-the-dollar during the week ended Friday, August 14, 2015,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in the August 18, 2015, edition of The Wall Street
Journal. This represents a decrease of 0.94 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 February 23, 2018. Moody's rates the loan 'B3' and
Standard & Poor's gave a 'CCC+' rating to the loan.  The loan is
one of the biggest gainers and losers among 246 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, August 14.


HERCULES OFFSHORE: Given Until Nov. 7 to File Schedules
-------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware issued an interim order extending the time within which
Hercules Offshore, Inc., et al., will file their schedules of
assets and liabilities and statements of financial affairs is
extended through and including Nov. 7, 2015, although, subject to
entry of a final order, the requirement that the Debtors file the
Schedules and Statements is permanently waived effective upon the
date of confirmation of the Plan, provided confirmation occurs on
or before Nov. 7.

The Court will conduct a hearing on Sept. 8, 2015, at 12:00 noon,
prevailing Eastern Time, to consider entry of a final order.
Objections, if any, that relate to entry of a final order must be
filed on or before Aug. 28.  However, if no objections to the
Motion are timely filed, the Interim Order will be deemd a Final
Order and immediately effective as a Final Order, without further
hearing on the Motion.

                      About Hercules Offshore

Headquartered in Houston, Hercules Offshore, Inc. --
http://www.herculesoffshore.com/-- operates a fleet of 27 jackup  
rigs, including one rig under construction, and 21 liftboats. The
Company offers a range of services to oil and gas producers to meet
their needs during drilling, well service, platform inspection,
maintenance, and decommissioning operations in several key shallow
water provinces around the world.

Hercules Offshore and 14 affiliated debtors, on Aug. 13, 2015, each
filed a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 15-11685) in the U.S.
Bankruptcy Court for the District of Delaware.  The cases are
pending before the Honorable Kevin J. Carey.

The Debtors on the Petition Date filed a pre-packaged Chapter 11
plan that would convert $1.2 billion of outstanding senior notes to
96.9% of new common equity.  A hearing will be held on Sept. 24 to
consider approval of the explanatory Disclosure Statement and
confirmation of the Debtors' Prepackaged Chapter 11 Plan of
Reorganization.  

The Debtors tapped Baker Botts LLP as counsel; Morris, Nichols,
Arsht & Tunnell, as local counsel; Andrews Kurth LLP, as general
corporate counsel; Lazard Freres & Co. LLC, as investment banker,
Alvarez & Marsal, as restructuring advisor; and Prime Clerk, LLC,
as claims and noticing agent.

The Steering Group of Holders of Senior Notes is represented by
Akin Gump Strauss Hauer & Feld LLP's Arik Preis, Esq., and Michael
S. Stamer, Esq.

HERO disclosed $546 million in assets and $1.306 billion in debt as
of Aug. 11, 2015.


HERCULES OFFSHORE: Has Interim OK to Pay $5MM to Unsec. Creditors
-----------------------------------------------------------------
Hercules Offshore, Inc. and its affiliated debtors sought and
obtained interim authority from Judge Kevin J. Carey of the U.S.
Bankruptcy Court for the District of Delaware to pay the
prepetition claims of general unsecured creditors in the ordinary
course of business in an aggregate amount not to exceed $5
million.

The Debtors owe a total of $7,620,000 on account of undisputed
claims, including $2,235,000 to foreign creditors.  These claims
consist of the following:

     (a) Operational - Suppliers, service providers and other
vendors utilized in operating jackup rigs and liftboats and for
related projects. Approximate amount accrued as of Petition Date:
$6,450,000. Approximate amount due within 21 days: $4,255,000;

     (b) Administrative - Support services for corporate and
administrative functions such as information technology, human
resources, legal and accounting. Approximate amount accrued as of
Petition date: $675,000. Approximate amount due within 21 days:
$250,000.

     (c) Shipper/Customs - Shippers, warehouseman, customs agents
and similar third party providers. Approximate amount accrued as of
Petition date: $305,000. Approximate amount due within 21 days:
$305,000.

     (d) Rental/Equipment Lease - Leasing equipment utilized by the
Debtors in their operations. Approximate amount accrued as of
Petition date: $190,000. Approximate amount due within 21 days:
$190,000.

Tamara K. Minott, Esq., at Morris, Nichols, Arsht & Tunnell LLP, in
Wilmington, Delaware, tells the Court that Debtors are not seeking
to pay these amounts immediately and that the Debtors will pay the
amounts as they become due and payable in the ordinary course of
the Debtors' businesses.  Ms. Minotti relates that as of the
Petition Date, the Debtors have approximately $81 million in cash
on hand.  She contends that cash maintained by the Debtors and the
cash generated in the ordinary course of their businesses will
provide ample liquidity for payment of the claims, as well as for
the Debtors to conduct operations during the chapter 11 cases and
to administer the chapter 11 cases.

The final hearing on the Debtors' Motion is scheduled on September
8, 2015 at 12:00 p.m.  The deadline for the filing of objections to
the motion is set on August 28.

Hercules Offshore, Inc. and its affiliated Debtors are represented
by:

          Robert J. Dehney, Esq.
          Eric D. Schwartz, Esq.
          Matthew B. Harvey, Esq.
          Tamara K. Minott, Esq.
          MORRIS, NICHOLS, ARSHT & TUNNELL LLP
          1201 N. Market St., 16th Flr.
          PO Box 1347
          Wilmington, DE 19899-1347
          Telephone: (302)658-9200
          Facsimile: (302)658-3989
          Email: rdehney@mnat.com
                 eschwartz@mnat.com
                 mharvey@mnat.com
                 tminott@mnat.com

             -- and --

          Emanuel C. Grillo, Esq.
          Christopher Newcomb, Esq.
          BAKER BOTTS LLP
          30 Rockefeller Plaza
          New York, NY 10112
          Telephone: (212)892-4000
          Email: emanuel.grillo@bakerbotts.com
                 chris.newcomb@bakerbotts.com

             -- and --

          James Prince II, Esq.
          C. Luckey McDowell, Esq.
          Meggie S. Gilstrap, Esq.
          BAKER BOTTS LLP
          2001 Ross Avenue
          Dallas, TX 75201
          Telephone: (214)953-6500
          Email: jim.prince@bakerbotts.com
                 luckey.mcdowell@bakerbotts.com
                 meggie.gilstrap@bakerbotts.com

                   About Hercules Offshore

Headquartered in Houston, Hercules Offshore, Inc. --
http://www.herculesoffshore.com/-- operates a fleet of 27 jackup  
rigs, including one rig under construction, and 21 liftboats. The
Company offers a range of services to oil and gas producers to
meet
their needs during drilling, well service, platform inspection,
maintenance, and decommissioning operations in several key shallow
water provinces around the world.

On Aug. 13, 2015 Hercules Offshore and 14 affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 15-11685) in the
U.S.
Bankruptcy Court for the District of Delaware.  The cases are
pending before the Honorable Kevin J. Carey.

The Debtors on the Petition Date filed a pre-packaged Chapter 11
plan that would convert $1.2 billion of outstanding senior notes
to
96.9% of new common equity.  A hearing will be held on Sept. 24 to
consider approval of the explanatory Disclosure Statement and
confirmation of the Debtors' Prepackaged Chapter 11 Plan of
Reorganization.  

The Debtors tapped Baker Botts LLP as counsel; Morris, Nichols,
Arsht & Tunnell, as local counsel; Andrews Kurth LLP, as general
corporate counsel; Lazard Freres & Co. LLC, as investment banker,
Alvarez & Marsal, as restructuring advisor; and Prime Clerk, LLC,
as claims and noticing agent.

The Steering Group of Holders of Senior Notes is represented by
Akin Gump Strauss Hauer & Feld LLP's Arik Preis, Esq., and Michael
S. Stamer, Esq.

HERO disclosed $546 million in assets and $1.306 billion in debt
as
of Aug. 11, 2015.


HERCULES OFFSHORE: Seeks to Assume $450-Mil. Exit Facility
----------------------------------------------------------
Hercules Offshore, Inc., and its affiliated debtors seek authority
from the U.S. Bankruptcy Court for the District of Delaware to (a)
assume a $450 million First Lien Exit facility commitment letter;
(b) pay Put Option Premium; (c) reimburse related out-of-pocket
expenses of the Commitment Parties and the Agent and pay certain
fees to the Agent; and (d) indemnify commitment parties.

The Debtors also ask the Court to approve procedures for the
subscription process for other prepetition noteholders to
participate in the proposed First Lien Exit Facility, and to
authorize the Debtors to conduct the subscription process in
accordance with the subscription procedures.

            Commitment Letter

HERO and the holders of the Senior Notes entered into a Commitment
Letter where the Senior Noteholders agreed to backstop the entire
$450 million of the First Lien Exit Facility, subject to
implementation of the Subscription Process.  The First Lien Exit
Facility will mature on the date which is 4-1/2 years after the
Closing Date and will be secured by first lien priority liens on
substantially all of the assets of the Debtors and the Non-Debtor
Subsidiaries that guarantee the indebtedness under the First Lien
Exit Facility.

The Debtors agreed to the terms of the First Lien Exit Facility
after consulting with their advisors on the possibility of an
out-of-court financing and after reaching a determination that the
amount and pricing of the First Lien Exit Facility represented a
reasonable exercise of the Debtors' business judgment.

           Put Option Premium

HERO has agreed to pay the Commitment Parties a put option premium
equal to 2.00% of the principal amount of the First Lien Exit
Facility.  A portion of the Put Option Premium equal to 1.00% of
the amount of the First Lien Exit Facility was paid to the
Commitment Parties upon execution of the Commitment Letter.  The
remaining portion of the Put Option Premium is payable upon
consummation of the Plan.  Additionally, in the event the Debtors
execute an alternative financing transaction without the prior
written consent of the Commitment Parties, as required under the
Commitment Letter, HERO agrees to pay the Remaining Put Option
Premium to the Commitment Parties.

In light of the amount of the First Lien Exit Facility and the
percentage of the Put Option Premium of the amount thereof, the
Debtors believe the Put Option Premium is well within the range of
similar premiums or commitment fees, if not lower than such range.

          Expenses

HERO has agreed to pay (i) all out-of-pocket expenses of the
Commitment Parties in connection with the First Lien Exit Facility
and for enforcement costs and documentary taxes associated with the
Commitment Letter or the First Lien Exit Facility, and transactions
related thereto and (ii) all reasonable and documented
out-of-pocket expenses of the administrative agent and/or
collateral agent for the First Lien Exit Facility when selected in
connection with the First Lien Exit Facility and for enforcement
costs and documentary taxes associated with the Commitment Letter
or the First Lien Exit Facility, and the transactions related
thereto.  The Commitment Expenses are payable by HERO regardless of
whether the First Lien Exit Facility is consummated.           

          Agent Fees

HERO has agreed to pay an arranger and administrative fee to the
Agent in connection with the First Lien Exit Facility.  The Agent
Fees compensate the Agent for certain services, including (i)
negotiating the credit agreement on behalf of the Agent, (ii)
working with the Debtors and the Other Pre-Petition Noteholders as
part of the Subscription Procedures, and (iii) working with any
Pre-Petition Noteholders by way of participation, assignment and
fronting (as applicable) for the Pre- Petition Noteholders that
cannot be signatories to the First Lien Exit Facility.  In
addition, the Agent Fees will compensate the Agent for its
post-closing administration of the First Lien Exit Facility.

          Indemnities

The Debtors have agreed to indemnify, hold harmless and defend the
Commitment Parties, the Agent and each of their respective
affiliates and their respective directors, officers, employees,
attorneys, advisors, agents and other representatives from and
against any losses, claims, damages and liabilities arising out of
or in connection with (i) the Commitment Letter, (ii) the First
Lien Exit Facility, or (iii) the transactions contemplated by the
Commitment Letter or the First Lien Exit Facility.

The Indemnification does not apply to losses, claims, damages,
liabilities or related expenses to the extent they are found by a
final, nonappealable judgment of a court of competent jurisdiction
to arise from (a) the willful misconduct or gross negligence of
such Indemnified Person or (b) the material breach by such
Indemnified Person of its obligations under the Commitment Letter
or any of the First Lien Exit Facility documents.

Matthew B. Harvey, Esq., at Morris, Nichols, Arsht & Tunnell LLP,
in Wilmington, Delaware, tells the Court that the Debtors have
agreed to provide other prepetition noteholders with the
opportunity to participate, on a pro rata basis, in the First Lien
Exit Facility during the period from the Petition Date through the
date of the hearing on confirmation of the Plan pursuant to
procedures acceptable to the Required Commitment Parties subject to
certain limitations.  Mr. Harvey further tells the Court that in
view of the short timeline that may be interposed between the
commencement of these Chapter 11 cases and confirmation of the
Plan, the Debtors seek to commence the Subscription Process as soon
as reasonably practicable to ensure that the First Lien Exit
Facility can be closed in a timely manner.  He asserts that the
First Lien Exit Facility is a critical element of the Plan, and the
financing commitment under the Commitment Letter expires if the
First Lien Exit Facility does not close on or prior to November 7,
2015.  He contends that it is in the best interests of their
estates to commence the Subscription Process as soon as possible.

The proposed subscription procedures contain, among others, the
following terms:

     (a) The record date for the offering to holders of the
Pre-Petition Notes that are not Commitment Parties of an
opportunity to subscribe for up to their respective pro rata
portions of the First Lien Loans will be August 13, 2015.

     (b) The Company will commence the Subscription Process as soon
as practicable following entry of the Subscription Procedures Order
by the Bankruptcy Court, by (A) filing a Form 8-K with the
Securities and Exchange Commission disclosing the Subscription
Process and (B) using reasonable efforts to send using delivery
method to as many of the Other Pre-Petition Noteholders who are
Eligible Parties.

Mr. Harvey tells the Court that the assumption of the Commitment
Letter by the Debtors is a sound exercise of their business
judgment. He further tells the Court that the First Lien Exit
Facility is necessary for the Debtors to exit Chapter 11 with
sufficient liquidity to fund their post-emergence operations.  He
contends that the First Lien Exit Facility is one of the key
elements to the viability of the Plan. He warns that if the Debtors
do not receive the funds derived from the First Lien Exit Facility,
it will be difficult if not impossible to consummate the Plan.

Hercules Offshore, Inc. and its affiliated Debtors are represented
by:

          Robert J. Dehney, Esq.
          Eric D. Schwartz, Esq.
          Matthew B. Harvey, Esq.
          Tamara K. Minott, Esq.
          MORRIS, NICHOLS, ARSHT & TUNNELL LLP
          1201 N. Market St., 16th Flr.
          PO Box 1347
          Wilmington, DE 19899-1347
          Telephone: (302)658-9200
          Facsimile: (302)658-3989
          Email: rdehney@mnat.com
                 eschwartz@mnat.com
                 mharvey@mnat.com
                 tminott@mnat.com

             -- and --

          Emanuel C. Grillo, Esq.
          Christopher Newcomb, Esq.
          BAKER BOTTS LLP
          30 Rockefeller Plaza
          New York, NY 10112
          Telephone: (212)892-4000
          Email: emanuel.grillo@bakerbotts.com
                 chris.newcomb@bakerbotts.com

             -- and --

          James Prince II, Esq.
          C. Luckey McDowell, Esq.
          Meggie S. Gilstrap, Esq.
          BAKER BOTTS LLP
          2001 Ross Avenue
          Dallas, TX 75201
          Telephone: (214)953-6500
          Email: jim.prince@bakerbotts.com
                 luckey.mcdowell@bakerbotts.com
                 meggie.gilstrap@bakerbotts.com

                   About Hercules Offshore

Headquartered in Houston, Hercules Offshore, Inc. --
http://www.herculesoffshore.com/-- operates a fleet of 27 jackup  
rigs, including one rig under construction, and 21 liftboats. The
Company offers a range of services to oil and gas producers to
meet
their needs during drilling, well service, platform inspection,
maintenance, and decommissioning operations in several key shallow
water provinces around the world.

On Aug. 13, 2015 Hercules Offshore and 14 affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 15-11685) in the
U.S.
Bankruptcy Court for the District of Delaware.  The cases are
pending before the Honorable Kevin J. Carey.

The Debtors on the Petition Date filed a pre-packaged Chapter 11
plan that would convert $1.2 billion of outstanding senior notes
to
96.9% of new common equity.  A hearing will be held on Sept. 24 to
consider approval of the explanatory Disclosure Statement and
confirmation of the Debtors' Prepackaged Chapter 11 Plan of
Reorganization.  

The Debtors tapped Baker Botts LLP as counsel; Morris, Nichols,
Arsht & Tunnell, as local counsel; Andrews Kurth LLP, as general
corporate counsel; Lazard Freres & Co. LLC, as investment banker,
Alvarez & Marsal, as restructuring advisor; and Prime Clerk, LLC,
as claims and noticing agent.

The Steering Group of Holders of Senior Notes is represented by
Akin Gump Strauss Hauer & Feld LLP's Arik Preis, Esq., and Michael
S. Stamer, Esq.

HERO disclosed $546 million in assets and $1.306 billion in debt
as
of Aug. 11, 2015.


IMH FINANCIAL: Reports $3.5 Million Net Income in Second Quarter
----------------------------------------------------------------
IMH Financial Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
attributable to common shareholders of $3.5 million on $9.3 million
of total revenue for the three months ended June 30, 2015, compared
to a net loss attributable to common shareholders of $1.4 million
on $8.8 million of total revenue for the same period during the
prior year.

For the six months ended June 30, 2015, the Company reported a net
loss attributable to common shareholders of $9,000 on $18.9 million
of total revenue compared to a net loss attributable to common
shareholders of $4.4 million on $15.4 million of total revenue for
the same period a year ago.

As of June 30, 2015, the Company had $205.9 million in total
assets, $112.8 million in total liabilities, $28.4 million in
redeemable convertible preferred stock, and $64.6 million in total
stockholders' equity.

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

                        http://is.gd/jAiIfu

                        About IMH Financial

Scottsdale, Ariz.-based IMH Financial Corporation was formed from
the conversion of IMH Secured Loan Fund, LLC, or the Fund, a
Delaware limited liability company, on June 18, 2010.  The
conversion was effected following a consent solicitation process
pursuant to which approval was obtained from a majority of the
members of the Fund to effect the Conversion Transactions and
involved (i) the conversion of the Fund from a Delaware limited
liability company into a Delaware corporation named IMH Financial
Corporation, and (ii) the acquisition by the Company of all of the
outstanding shares of the manager of the Fund Investors Mortgage
Holdings Inc., or the Manager, as well as all of the outstanding
membership interests of a related entity, IMH Holdings LLC, or
Holdings on June 18, 2010.

IMH Financial reported a net loss attributable to common
shareholders of $39.5 million in 2014, a net loss attributable to
common shareholders of $26.2 million in 2013 and a net loss
attributable to common shareholders of $32.2 million in 2012.


INDEPENDENCE TAX IV: Reports $4.87-Mil. Net Income for Fiscal Q1
----------------------------------------------------------------
Independence Tax Credit Plus L.P. IV filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $4.87 million on $510,881 of total revenues for the
three months ended June 30, 2015, compared to a net loss of
$122,908 on $515,657 of total revenues for the same period during
the prior year.

As of June 30, 2015, the Partnership had $2.72 million in total
assets, $8.23 million in total liabilities and total partners'
deficit of $5.5 million.

At June 30, 2015, the Partnership's liabilities exceeded assets by
$5,507,434.  This factor raises substantial doubt about the
Partnership's ability to continue as a going concern.  Partnership
management fees of approximately $431,300 will be payable out of
sales or refinancing proceeds only to the extent of available funds
after payments on all other Partnership liabilities have been made
other than those owed to the General Partner and its affiliates.
As such, the General Partner cannot demand payment of these
deferred fees beyond the Partnership's ability to pay them.

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

                       http://is.gd/znA1It

                    About Independence Tax IV

New York-based Independence Tax Credit Plus L.P. IV is a limited
partnership which was formed under the laws of the State of
Delaware on Feb. 22, 1995.

On July 6, 1995, the Partnership commenced a public offering of
Beneficial Assignment Certificates representing assignments of
limited partnership interests in the Partnership.  The Partnership
received $45,844,000 of gross proceeds from the Offering from
2,759 investors.  The Offering was terminated on May 22, 1996.

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

The Partnership is currently in the process of developing a plan
to dispose of all of its investments.  It is anticipated that this
process will take a number of years.

Independence Tax Credit Plus L.P. IV reported a net loss of $2.71
million on $3.6 million of total revenues for the fiscal year
ended March 31, 2014, compared to a net loss of $967,365 on $3.45
million of total revenues for the year ended March 31, 2013.


IRVINGTON COMMUNITY: S&P Lowers Rating on 2009 Revenue Bonds to B-
------------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term rating to
'B-' from 'BB-' on the Indiana Finance Authority's series 2009A and
2009B educational facilities revenue bonds, issued for Irvington
Community Schools Inc. (Irvington or ICS).  The outlook is
negative.

"The lowered rating reflects our view of the school's weakening
financial profile during the past year, including multiple covenant
violations on its bonded debt and two consecutive years of failing
to meet its authorizer's financial standards," said Standard &
Poor's credit analyst Jessica Matsumori.  "The negative outlook
reflects the risk that the school's credit could weaken further in
the next year to levels that are more consistent with a lower
rating," Ms. Matsumori added.

Irvington is located in Indianapolis, Ind., and is a midsize,
multi-campus charter school that serves students in kindergarten
through 12th grade.  Initially chartered in 2001, ICS began
operations in fall 2002, with 115 students in kindergarten through
sixth grade.  ICS operates from three separate campuses, all of
which are located within a 2-mile radius of each other.



J. CREW: Bank Debt Trades at 19% Off
------------------------------------
Participations in a syndicated loan under which J. Crew is a
borrower traded in the secondary market at 81.39
cents-on-the-dollar during the week ended Friday, August 14, 2015,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in the August 18, 2015, edition of The Wall Street
Journal. This represents a decrease of 1.01 percentage points from
the previous week, The Journal relates.  J. Crew pays 300 basis
points above LIBOR to borrow under the facility.  The bank loan
matures on February 27, 2021. Moody's rates the loan 'B2' and
Standard & Poor's gave a 'B-' rating to the loan.  The loan is one
of the biggest gainers and losers among 246 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, August 14.


JACOBS FINANCIAL: Acquires $1.7 Million Outstanding Notes
---------------------------------------------------------
Jacobs Financial Group, Inc. completed a $1,600,000 transaction
which resulted in its acquisition from certain of the Company's
note holders of 49.3% ($1.725 million face amount) of the
outstanding senior promissory notes comprising part of a $3.5
million financing dating from 2008, together with interest accrued
thereon.  

The notes representing the $1.775 million balance of this financing
had been acquired by an affiliate of the Company in July 2014.  The
entire issue of senior promissory notes had been in default.  Upon
closing of the acquisition, the collateral securing the senior
promissory notes was released to the Company.

The transaction was funded through a sale in a private offering of
investment units that included minority interests in the Company's
wholly owned subsidiary, First Surety Corporation, and promissory
notes that are convertible into Units.  The Units consisted of 5%
of the outstanding shares of FSC and 500,000 common shares of the
Company.  The Company's Board of Directors has authorized the sale
of up to nine Units, which, if completed, would include 45% of the
outstanding stock of FSC.  The financing was a product of the
Company's ongoing efforts to restructure its balance sheet to
position itself to take advantage of business opportunities.

                       About Jacobs Financial

Jacobs Financial Group, Inc. (OTC Bulletin Board: JFGI) is a
Charleston, West Virginia-based holding company for First Surety
Corporation, a West Virginia domiciled surety, Triangle Surety
Agency, an insurance agency that specializes in coal reclamation
surety bonds, and Jacobs & Company, a registered investment
advisor.

The Company disclosed a net loss attributable to common
stockholders of $2.94 million on $1.34 million of total revenues
for the year ended May 31, 2013, compared to a net loss
attributable to common stockholders of $2.06 million on $1.83
million of total revenues for the fiscal year ended May 31, 2012.

As of May 31, 2013, Jacobs Financial had $8.48 million in total
assets, $17.4 million in total liabilities, $1.91 million in total
mandatorily redeemable convertible preferred stock, and a
$10.8 million total stockholders' deficit.

EKS&H LLLP, in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the year
ended May 31, 2013.  The independent auditors noted that
the Company has insufficient liquidity and  capitalization, is in
default with respect to certain loan and preferred stock
agreements and has suffered  recurring losses from operations.
These conditions among others raise substantial doubt about the
Company's ability to continue as a going  concern.


KAVEH PROPERTIES: Case Summary & 2 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Kaveh Properties IV, LLC
        P.O. Box 3278
        Rock Hill, SC 29732

Case No.: 15-31302

Chapter 11 Petition Date: August 21, 2015

Court: United States Bankruptcy Court
       Western District of North Carolina (Charlotte)

Judge: Hon. Craig Whitley

Debtor's Counsel: Bryan W. Stone, Esq.
                  ARNOLD & SMITH, PLLC
                  200 N. McDowell St.
                  Charlotte, NC 28204
                  Tel: (704) 370-2828
                  Fax: (704) 370-2022
                  Email: bryan.stone@arnoldsmithlaw.com

Total Assets: $1.47 million

Total Liabilities: $1.51 million

The petition was signed by David R. Kaveh, member/manager.

List of Debtor's two largest unsecured creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Shahrokh Lavasani                  Mecklenburg         $300,000
11024 Balboa Blvd., Suite 618      County Parcels
Granada Hills, CA 91344

Shiraz Grill                       Overpayment of       Unknown
                                       rent


KU6 MEDIA: Receives Noncompliance Notice From NASDAQ
----------------------------------------------------
Ku6 Media Co., Ltd., received a letter from The NASDAQ Stock Market
notifying it that for the prior 30 consecutive business days, the
Company's listed securities failed to maintain a minimum market
value of US$50,000,000, and the Company's publicly held securities
failed to maintain a minimum market value of $15,000,000,
respectively.  Consequently, deficiencies exist with regard to the
requirements for continued listing pursuant to NASDAQ Listing Rule
5450(b)(2)(A) and NASDAQ Listing Rule 5450(b)(2)(C).

NASDAQ further stated that in accordance with NASDAQ Listing Rules
5810(c)(3)(C) and 5810(c)(3)(D), the Company will be provided 180
calendar days, or until Feb. 9, 2016, to regain compliance with the
MVLS Rule and the MVPHS Rule.  NASDAQ will deem the Company to have
regained compliance under the MVLS Rule if at any time before Feb.
9, 2016, the market value of the Company's listed securities closes
at US$50,000,000 or more for a minimum of ten consecutive business
days.  NASDAQ will deem the Company to have regained compliance
under the MVPHS Rule if at any time before Feb. 9, 2016, the market
value of the Company's publicly held securities closes at
US$15,000,000 or more for a minimum of ten consecutive business
days.

These notifications do not impact the listing and trading of the
Company's securities at this time.  However, the NASDAQ letters
also state that, if the Company does not regain compliance with the
MVLS Rule or the MVPHS Rule by Feb. 9, 2016, the Company will
receive written notification from NASDAQ that the Company's
securities are subject to delisting.  The Company is reviewing its
options for regaining compliance with the MVLS Rule and MVPHS Rule
and for remedying other future potential non-compliances with
Nasdaq continued listing requirements, including the requirement to
maintain a minimum bid price of at least $1.00 per share.  There
can be no assurance that the Company will be able to regain
compliance with the MVLS Rule, MVPHS Rule or other Nasdaq continued
listing requirements in a timely fashion.

                          About Ku6 Media

Ku6 Media Co., Ltd. -- http://ir.ku6.com/-- is an Internet video
company in China focused on User-Generated Content.  Through its
premier online brand and online video Web site,
http://www.ku6.com/,Ku6 Media provides online video uploading and
sharing service, video reports, information and entertainment in
China.

Ku6 Media reported a net loss of $10.7 million in 2014 following a
net loss of $34.4 million in 2013.

As of March 31, 2015, the Company had US$8.6 million in total
assets, US$13.5 million in total liabilities and a US$4.9 million
total shareholders' deficit.

PricewaterhouseCoopers Zhong Tian LLP, in Shanghai, the People's
Republic of China, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that the Company's recurring losses, negative working
capital, net cash outflows, and uncertainties associated with
significant changes made, or planned to be made, in respect of the
Company's business model, raise substantial doubt about the
Company's ability to continue as a going concern.


LATTICE INC: Incurs $353,500 Net Loss in Second Quarter
-------------------------------------------------------
Lattice Incorporated filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
available to common shareholders of $353,572 on $2.41 million of
revenue for the three months ended June 30, 2015, compared to a net
loss available to common shareholders of $308,569 on $2.25 million
of revenue for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss available to common shareholders of $1.1 million on $3.9
million of revenue compared to a net loss available to common
shareholders of $791,638 on $4.6 million of revenue for the same
period a year ago.

As of June 30, 2015, the Company had $5.7 million in total assets,
$8.9 million in total liabilities and a $3.1 million total
shareholders' deficit.

Cash and cash equivalents increased to $268,000 at June 30, 2015,
from $256,000 at Dec. 31, 2014.

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

                        http://is.gd/2Bi5MZ

                         About Lattice Inc.

Pennsauken, New Jersey-based Lattice Incorporated provides
telecommunications services to correctional facilities and
specialized telecommunication service providers in the United
States.

Lattice Inc. reported a net loss of $1.8 million on $8.94 million
of revenue for the year ended Dec. 31, 2014, compared to a net loss
of $1 million on $8.26 million of revenue in 2013.

Rosenberg Rich Baker Berman & Company, in Somerset, New Jersey,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2014, noting that
the Company has a working capital deficit and requires additional
working capital to meet its current liabilities.  The auditors said
these factors raise substantial doubt about the Company's ability
to continue as a going concern.


LEO MOTORS: Posts $1.1 Million Net Loss for Second Quarter
----------------------------------------------------------
Leo Motors, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $1.1
million on $1.4 million of revenues for the three months ended June
30, 2015, compared to a net loss of $314,715 on $0 of revenues for
the same period a year ago.

For the six months ended June 30, 2015, the Company reported a net
loss of $1.6 million on $1.4 million of revenues compared to a net
loss of $1.6 million on $0 of revenues for the same period last
year.

As of June 30, 2015, the Company had $6.8 million in total assets,
$5.9 million in total liabilities and $876,860 in total equity.

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

                      http://is.gd/fEuBV1

                        About Leo Motors

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

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

Leo Motors incurred a net loss of $4.5 million on $693,000 of
revenues for the year ended Dec. 31, 2014, compared to a net loss
of $1.24 million on $0 of revenues for the year ended Dec. 31,
2013.

John Scrudato CPA, in Califon, 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
significant accumulated deficits, recurring operating losses and a
negative working capital.  This and other factors raise substantial
doubt about the Company's ability to continue as a going concern.


LIME ENERGY: Posts $1.3 Million Net Loss for Second Quarter
-----------------------------------------------------------
Lime Energy Co. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss available
to common stockholders of $1.29 million on $31.95 million of
revenue for the three months ended June 30, 2015, compared to a net
loss available to common stockholders of $660,000 on $13.59 million
of revenue for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss available to common stockholders of $3.70 million on $50.24
million of revenue compared to a net loss available to common
stockholders of $3.29 million on $25.9 million of revenue for the
same period a year ago.

As of June 30, 2015, the Company had $56.0 million in total assets,
$40.6 million in total liabilities, $10.03 million in contingently
redeemable series C preferred stock, and $5.30 million in total
stockholders' equity.

"Lime Energy's ability to deliver cost- effective energy efficient
resources and improved customer satisfaction for its utility
partners has been rewarded with substantial expansion of its
existing programs as well as award of major new programs," stated
Adam Procell, Lime Energy's president & CEO.  "In the second
quarter, we delivered on our objectives for revenue growth, gross
margin improvement and selling, general and administrative expense
reduction.  With these improvements in place, we are looking to
pick up the pace in order to drive a profitable second half."

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

                       http://is.gd/5L7zLs

                       About Lime Energy

Headquartered in Huntersville, North Carolina, Lime Energy Co. --
http://www.lime-energy.com/-- is engaged in planning and
delivering clean energy solutions that assist its clients in their
energy efficiency and renewable energy goals.  The Company's
solutions include energy efficient lighting upgrades, energy
efficient mechanical and electrical retrofit and upgrade services,
water conservation, building weatherization, on-site generation
and renewable energy project development and implementation.  The
Company provides energy solutions across a range of facilities,
from high-rise office buildings, distribution facilities,
manufacturing plants, retail sites, multi-tenant residential
buildings, mixed use complexes, hospitals, colleges and
universities, government sites to small, single tenant facilities.

Lime Energy reported a net loss available to common stockholders of
$5.6 million in 2014, a net loss available to common stockholders
of $18.5 million in 2013 and a net loss of $31.8 million in 2012.


M. JULIA HOOK: 10th Circ. Affirms TRO Bid Denial
------------------------------------------------
The United States Court of Appeals for the Tenth Circuit, in an
order and judgment dated Aug. 19, 2015, affirmed a district court's
order denying M. Julia Hook's emergency motion for a temporary
restraining order and/or a preliminary injunction, and her
accompanying request for an evidentiary hearing in the foreclosure
action brought by LNV Corporation.

The case is LNV CORPORATION, Plaintiff, v. M. JULIA HOOK,
Defendant-Appellant, and UNITED STATES OF AMERICA,
Defendant-Appellee, and PRUDENTIAL HOME MORTAGAGE COMPANY, INC.;
SAINT LUKES LOFTS HOMEOWNER ASSOCIATION, INC.; DEBRA JOHNSON, in
her official capacity as the Public Trustee of the City and County
of Denver, Colorado; DAVID L. SMITH, Defendants, NO. 14-1438 (10th
Circ.).

A full-text copy of the Tenth Circuit's Decision is available at
http://is.gd/XYb2cPfrom Leagle.com.


METALICO INC: Incurs $16 Million Net Loss in Second Quarter
-----------------------------------------------------------
Metalico, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss
attributable to the Company of $16.05 million on $77.41 million of
revenue for the three months ended June 30, 2015, compared to net
income attributable to the Company of $299,000 on $125.86 million
of revenue for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss attributable to the Company of $26.93 million on $153.29
million of revenue compared to a net loss attributable to the
Company of $3.61 million on $244.40 million of revenue for the same
period a year ago.

As of June 30, 2015, the Company had $163.90 million in total
assets, $71.60 million in total liabilities and $92.30 million in
total stockholders' equity.

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

                        http://is.gd/75veTM

                          About Metalico

Metalico, Inc., is a holding company with operations in two
principal business segments: ferrous and non-ferrous scrap metal
recycling, and fabrication of lead-based products.  The Company
operates recycling facilities in New York, Pennsylvania, Ohio,
West Virginia, New Jersey, Texas, and Mississippi and lead
fabricating plants in Alabama, Illinois, and California.
Metalico's common stock is traded on the NYSE MKT under the symbol
MEA.

Metalico reported a net loss attributable to the Company of $44.4
million on $476 million of revenue for the year ended Dec. 31,
2014, compared with a net loss attributable to the Company of $34.8
million on $457 million of revenue for the year ended
Dec. 31, 2013.

CohnReznick LLP, in Roseland, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2014, citing that the Company anticipates that
it will not meet the maximum Leverage Ratio covenant as prescribed
by the Financing Agreement for the quarter ended March 31, 2015,
and there can be no assurance that the Company can resolve any
noncompliance with their lenders.  As a result, the Company's debt
could be declared immediately due and payable which would result in
the Company having insufficient liquidity to pay its debt
obligations and operate its business.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


MF GLOBAL: Deal Providing 95% Recovery to Creditors Approved
------------------------------------------------------------
Judge Martin Glenn of the United States Bankruptcy Court for the
Southern District of New York grants the joint motions filed by MF
Global Holdings Ltd., and James W. Giddens, as trustee for the SIPA
Liquidation of MF Global Inc., seeking approval of the the
Trustee's sale of all his claims, rights and interests in all of
the MFGI estate's assets to MFGH or its designated affiliate, in
exchange for the waiver by MFGH and certain of its affiliates of
future distributions on more than $1.16 billion allowed general
unsecured creditor claims in an amount sufficient to allow the
Trustee to make a final, cumulative 94% or 95% distribution on all
other non-subordinated allowed general unsecured creditor claims
against the MFGI estate not held by the MFGH Entities.

The parties also sought approval of the Assignee's assumption of
certain of the Trustee's document retention and discovery
obligations, as set forth in the Sale and Assumption Agreement.

Judge Glenn contends that granting the Motions will likely allow
MFGI's SIPA case to close within months rather than years.  He
further contends that all of MFGI's allowed customer, secured,
administrative and priority claims will be satisfied in full, and
its general unsecured creditors' recoveries should be 94-95% of
their allowed claims.  He says that result could not have been
predicted at the start of the cases.  He further says that the MFGH
creditors' ultimate recoveries will depend on outcome of the
litigation and insurance claims, but MFGH has already received more
than $750 million from its claims against MFGI.

Judge Glenn adds that by transferring most of its remaining assets
to the Assignee, expenses of administration of the cases should be
substantially reduced while MFGH's assets can be pursued and
resolved by settlements or litigation.  He notes that the rights of
creditors, insurers and defendants in pending or possible
litigation are preserved.

The case is In re: MF GLOBAL INC., Debtor. In re: MF GLOBAL
HOLDINGS LTD., et al., Debtors, Case Nos. 11-2790 (MG) SIPA,
11-15059 (MG), JOINTLY ADMINISTERED.

A full-text copy of Judge Glenn's Memorandum Opinion and Order
Granting Motions To Approve Sale And Assumption Of MF Global Inc.
Assets And For Other Relief dated August 19, 2015, is available at
http://is.gd/Hoi9Iefrom Leagle.com

James W. Giddens, Trustee for the SIPA Liquidation of MF Global
Inc. is represented by:

          James B. Kobak, Jr., Esq.
          Dustin P. Smith, Esq.
          Erin E. Diers, Esq.
          HUGHES HUBBARD & REED LLP
          One Battery Park Plaza
          New York, NY 10004-1482
          Telephone: (212)837-6000
          Facsimile: (212)422-4726
          Email: james.kobak@hugheshubbard.com
                 dustin.smith@hugheshubbard.com
                 erin.diers@hugheshubbard.com
                 
MF Global Holdings Ltd. is represented by:

          Jane Rue Wittstein, Esq.
          JONES DAY
          222 East 41st Street
          New York, NY 10017-6702
          Telephone: (212)326-3939
          Facsimile: (212)755-7306
          Email: jruewittstein@jonesday.com
                
             -- and --

          Bruce Bennett, Esq.
          JONES DAY
          555 South Flower Street, 50th Floor
          Los Angeles, CA 90071
          Telephone: (213)489-3939
          Facsimile: (213)243-2539
          Email: bbennett@jonesday.com

                     About MF Global

New York-based MF Global -- http://www.mfglobal.com/-- was one of
the world's leading brokers of commodities and listed derivatives.
MF Global provides access to more than 70 exchanges around the
world.  The firm also was one of 22 primary dealers authorized to
trade U.S. government securities with the Federal Reserve Bank of
New York.  MF Global's roots go back nearly 230 years to a sugar
brokerage on the banks of the Thames River in London.

On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance USA
Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y. Case
Nos. 11-15059 and 11-5058), after a planned sale to Interactive
Brokers Group collapsed.  As of Sept. 30, 2011, MF Global had
$41,046,594,000 in total assets and $39,683,915,000 in total
liabilities.

On Nov. 7, 2011, the United States Trustee appointed the statutory
creditors' committee in the Debtors' cases.  At the behest of the
Statutory Creditor's Committee, the Court directed the U.S. Trustee
to appoint a chapter 11 trustee.  On Nov. 28, 2011, the Bankruptcy
Court entered an order approving the appointment of Louis J. Freeh,
Esq., of Freeh Group International Solutions, LLC, as Chapter 11
trustee.

On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services
LLC and MF Global FX Clear LLC filed voluntary Chapter 11 petitions
(Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and 11-15810).  On
Dec. 27, the Court entered an order installing Mr. Freeh as Chapter
11 Trustee of the New Debtors.

On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr.
Freeh also was installed as its Chapter 11 Trustee.

Judge Honorable Martin Glenn presides over the Chapter 11 case.  J.
Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric Ivester,
Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve as
bankruptcy counsel.  The Garden City Group, Inc., serves as claims
and noticing agent.  The petition was signed by Bradley I. Abelow,
Executive Vice President and Chief Executive Officer of MF Global
Finance USA Inc.

The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan LLP,
as investigative counsel; (ii) FTI Consulting Inc., as
restructuring advisors; (iii) Morrison & Foerster LLP, as
bankruptcy counsel; and (iv) Pepper Hamilton as special counsel.
  
The Official Committee of Unsecured Creditors has retained Capstone
Advisory Group LLC as financial advisor, while lawyers at Proskauer
Rose LLP serve as counsel.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of Goldman
Sachs Group Inc., stepped down as chairman and chief executive
officer of MF Global just days after the bankruptcy filing.

In April 2013, the Bankruptcy Court approved MF Global Holdings'
plan to liquidate its assets.  Bloomberg News reported that the
court-approved disclosure statement initially told creditors with
$1.134 billion in unsecured claims against the parent holding
company why they could expect a recovery of 13.4% to 39.1% from
the plan.  As a consequence of a settlement with JPMorgan,
supplemental materials informed unsecured creditors their recovery
was reduced to the range of 11.4% to 34.4%.  Bank lenders will have
the same recovery on their $1.174 billion claim against the holding
company.  As a consequence of the settlement, the predicted
recovery became 18% to 41.5% for holders of $1.19 billion in
unsecured claims against the finance subsidiary, one of the
companies under the umbrella of the holding company trustee.
Previously, the predicted recovery was 14.7% to 34% on bank
lenders' claims against the finance subsidiary.


MILK SPECIALTIES: Moody's Raises CFR to 'B2', Outlook Stable
------------------------------------------------------------
Moody's Investors Service upgraded Milk Specialties Company's
Corporate Family Rating and Probability of Default Rating to B2
(from Caa1) and to B3-PD (from Caa2-PD), respectively.  The two
notch upgrade largely reflects the company's rapid and significant
improvement in credit metrics as a result of strengthening
operating performance and material debt repayment.  Moody's
believes that the company's lower debt balance will enable it to
better maintain credit metrics appropriate for a B2 rating during
periods of rising input prices.

In addition, the upgrade is also prompted by the company's improved
internal controls, as evidenced by the timely filing of its FY15
audited financials (FY14 audit was delayed by several months as a
result of irregularities the company had discovered in inventory
accounting at one of its plants).  As a result of the upgrade, the
ratings on Milk Specialties' senior secured credit facilities,
which includes the company's $250 million original principle senior
secured term loan and a $32 million revolving credit facility,
improve by two notches to B2 from Caa1.  The rating outlook remains
stable.

These ratings at Milk Specialties Company have been upgraded:

  Corporate Family Rating (CFR) to B2 from Caa1;

  Probability of Default Rating (PDR) to B3-PD from Caa2-PD;

  $32 million senior secured revolving credit facility due
   Nov. 2017 to B2 (LGD3) from Caa1 (LGD3);

  $250 million original principal senior secured first lien term
   loan due Nov. 2018 to B2 (LGD3) from Caa1 (LGD3).

The outlook is maintained at stable

RATINGS RATIONALE

The B2 CFR primarily reflects Milk Specialties' narrow product
focus within the niche human and animal nutrition segments, small
though improving scale, PE ownership, and high exposure to
volatility in raw material pricing.  The rating benefits from the
company's leadership position as an independent processor of whey
protein in the US, good customer diversification and a growing
network of independent whey stream suppliers.  The company's
leverage and other credit metrics have strengthened materially
during the last few quarters as a result of easing key input costs
(WPC 34 and dry whey), which enhanced margins and drove solid free
cash flow generation that enabled a relatively large amount of debt
repayment, of which a healthy portion was voluntary in nature.  The
company's top-line has been under pressure as a result of lower
market prices for its products, but costs have declined more than
revenues which has benefited margins.  Moody's expects margin
improvement to continue in the near-term as lower input costs
continue to flow through the income statement but anticipate
variability in these costs over time.  During the last few years,
the company has benefited from growing demand for whey in the
sports nutrition and health and wellness markets and its commitment
to expanding its manufacturing footprint and capacity, two trends
we expect to continue over the next 12 to 18 months. Liquidity is
expected to be good over the next 12 months supported by
expectations of positive free cash flow generation and revolver
availability.

The stable outlook reflects Moody's expectation that the company
will offset top-line pressure by via margin expansion.  Moody's
further expects free cash flow generation to accelerate stemming
from reduced growth-oriented capital expenditures relative to the
last few years.

The ratings could be upgraded if the company improves operating
performance such that leverage is sustained below 3.0 times for
several quarters.  In addition, the company would need to maintain
at least a good liquidity profile, highlighted by ample access to
its revolver, sufficient covenant cushion, and consistent positive
free cash flow generation on an annual basis.  Also, the company
would need to improve and sustain its EBITDA margins to greater
than 12% prior to an upgrade.  Alternatively, the ratings could be
downgraded if liquidity deteriorates, if there is a period of
prolonged negative free cash flow generation or if leverage climbs
above 5.0 times.

The principal methodology used in these ratings was Global Protein
and Agriculture Industry published in May 2013.

Milk Specialties Company is a leading independent manufacturer of
whey and specialty dairy protein ingredients for the sports
nutrition, health and wellness, food manufacturing and animal
nutrition end markets.  Milk Specialties was acquired by Kainos
Capital (formerly HM Capital Partners LLC) in December 2011.
Revenues for FY15, which represent the twelve month period ended
June 27, 2015, were approximately $736 million.



MINT LEASING: Incurs $1.99 Million Net Loss in Second Quarter
-------------------------------------------------------------
The Mint Leasing, inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.99 million on $576,537 of total revenues for the three months
ended June 30, 2015, compared to a net loss of $2.84 million on
$2.34 million of total revenues for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $2.87 million on $2.25 million of total revenues compared
to a net loss of $2.92 million on $4.25 million of total revenues
for the same period during the prior year.

As of June 30, 2015, the Company had $12.45 million in total
assets, $13.33 million in total liabilities and a total
stockholders' deficit of $887,855.

                       Bankruptcy Warning

"Throughout the remainder of the 2015 fiscal year, we plan to
continue investigating opportunities to support our long-term
growth initiatives.  We are exploring opportunities to increase the
Company's capital base through institutional or bank funding, the
issuance by the Company of additional common or preferred stock
and/or the issuance of convertible debt, which may not be available
on favorable terms if at all.  The Company has also historically
engaged various consultants from time to time in an effort to help
facilitate the Company's ability to raise funding. Without access
to additional capital in the form of debt or equity, the Company's
ability to add new leases to its current portfolio will be limited
to the excess cash generated by its current lease portfolio, after
paying its debt servicing costs.

"While the cash flow from its current lease portfolio is sufficient
to service the Company's debts and expenses, additional efforts
will be needed to generate a profit.  Additionally, the Company's
Amended Note with MNH comes due on November 19, 2015, and the
Company does not have sufficient funding to repay such debt, nor
may funding be available on favorable terms if at all.  If the
Company is unable to raise sufficient funds to repay the note (and
other amounts which may be due to MNH including $1.9 million which
may be due in connection with a put associated with the outstanding
warrant held by MNH), MNH could seek to enforce their security
interests over our assets and we could be forced to curtail our
operations or seek bankruptcy protection, which could result in the
value of our securities becoming worthless," the Company states in
the report.

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

                      http://is.gd/uHG9J7

                      About Mint Leasing

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

Mint Leasing reported a net loss of $3.08 million in 2014,
following net income of $3.22 million in 2013.

As of March 31, 2015, the Company had $14.3 million in total
assets, $13.2 million in total liabilities and $1.08 million in
total stockholders' equity.


MMRGLOBAL INC: Posts $693,000 Net Loss for Second Quarter
---------------------------------------------------------
MMRGlobal, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $692,942
on $16,351 of total revenues for the three months ended June 30,
2015, compared to a net loss of $1.43 million on $55,330 of total
revenues for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $1.43 million on $61,052 of total revenues compared to a
net loss of $3.1 million on $540,824 of total revenues for the same
period a year ago.

As of June 30, 2015, the Company had $1.9 million in total assets,
$9.8 million in total liabilities, all current, and a $7.8 million
total stockholders' deficit.

As of June 30, 2015, the Company had cash and cash equivalents of
$0, compared to $168,262 as of June 30, 2014.

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

                        http://is.gd/MxK4WZ

                         About MMRGlobal

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

MMRGlobal reported a net loss of $2.18 million on $2.57 million of
total revenues for the year ended Dec. 31, 2014, compared with a
net loss of $7.63 million on $587,000 of total revenues for the
year ended Dec. 31, 2013.

Rose, Snyder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has incurred
significant operating losses and negative cash flows from
operations during the years ended Dec. 31, 2014, and 2013.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


MONTREAL MAINE: 1st Circ. Affirms Ruling on Wheeling Payments
-------------------------------------------------------------
The United States Court of Appeals for the First Circuit affirms
the bankruptcy appellate panel's affirmation of a bankruptcy
court's ruling that Wheeling & Lake Erie Railway Company had failed
to properly perfect its security interest in payments due to
Montreal, Maine & Atlantic Railway, Ltd., under an insurance policy
issued by Travelers Property Casualty Company of America.

Wheeling alleged that Article 9 of the Uniform Commercial Code, as
enacted in Maine, governs the taking and perfection of a security
interest in a right to payment arising under an insurance policy.
The First Circuit agreed with the bankruptcy court, which held that
it was Maine common law that controlled and awarded the proceeds
from a settlement arising out of a disputed claim under the policy
to the Debtor, free and clear of Wheeling's asserted interest.

The case is WHEELING & LAKE ERIE RAILWAY CO., Appellant, v. ROBERT
J. KEACH, Chapter 11 Trustee, ET AL., Appellees, No. 15-9003 (1st
Circ.), relating to IN RE MONTREAL, MAINE & ATLANTIC RAILWAY, LTD.,
Debtor.

A full-text copy of the First Circuit's Decision dated August 19,
2015, is available at http://is.gd/j7uKUZfrom Leagle.com.

Wheeling & Lake Erie Railway Co. is represented by:

          George J. Marcus, Esq.
          David C. Johnson, Esq.
          Andrew C. Helman, Esq.
          MARCUS, CLEGG & MISTRETTA
          1 Canal Plaza, #600
          Portland, ME 04101
          Telephone: (207)828-8000
          Email: gmarcus@mcm-law.com
                 djohnson@mcm-law.com
                 ahelman@mcm-law.com

Robert J. Keach, Chapter 11 Trustee, et. al., are represented by:

          Robert J. Keach, Esq.
          BERNSTEIN SHUR SAWYER & NELSON
          100 Middle Street
          Portland, ME 04101
          Telephone: (207)774-1200
          Email: rkeach@bernsteinshur.com

                   About Montreal Maine

Montreal, Maine & Atlantic Railway Ltd., operated the train that
derailed and exploded in July 2013, killing 47 people and
destroying part of Lac-Megantic, Quebec.

The Company sought bankruptcy protection (Bankr. D. 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., serves as Chapter 11 trustee.  Michael A. Fagone, Esq., and
D. Sam Anderson, Esq. serves as his counsel.  Development
Specialists, Inc., serves as his financial advisor; and Gordian
Group, LLC, serves as his investment banker.

Bankruptcy Judge Louis H. Kornreich presides over the U.S. case.
The law firm of Verrill Dana represents the Debtor in its
restructuring effort.

Justice Martin Castonguay oversees the case in Canada.  Andrew
Adessky at Richter Consulting was named 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.

The unofficial committee of wrongful death claimants 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.

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.

Montreal, Maine & Atlantic Canada Co. ("MMA Canada"), the Canadian
unit of Chapter 11 debtor Montreal, Maine & Atlantic Railway Ltd.
("MMA"), on July 20, 2015, filed a Chapter 15 bankruptcy petition
(Bankr. D. Maine Case No. 15-20518) in Portland, Maine, to seek
recognition and enforcement in the U.S. of the order by the Quebec
Court approving MMA Canada's plan to pay off victims of the July
2013 derailment.


N-VIRO INTERNATIONAL: Posts $543K Net Loss for Second Quarter
-------------------------------------------------------------
N-Viro International Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $542,540 on $325,720 of revenues for the three months
ended June 30, 2015, compared to a net loss of $375,534 on $170,091
of revenues for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $1.02 million on $674,639 of revenues compared to a net
loss of $815,617 on $693,680 of revenues for the same period a year
ago.

As of June 30, 2015, the Company had $1.42 million in total assets,
$2.26 million in total liabilities and a total stockholders'
deficit of $835,948.

The Company had a working capital deficit of $1,507,000 at
June 30, 2015, compared to a working capital deficit of $938,000 at
Dec. 31, 2014, resulting in a decrease in working capital of
$569,000.  Current assets at June 30, 2015, included cash and cash
equivalents of $127,000, which is a decrease of $20,000 from
Dec. 31, 2014.  The net negative change of $569,000 in working
capital from Dec. 31, 2014, was primarily from a $195,000 increase
in the change in short-term liabilities over assets, a decrease of
$502,000 in the short-term portion of deferred stock and warrant
costs issued for consulting services, offset by a decrease of
$90,000 in convertible debentures and a decrease of $38,000 in
notes payable to related parties.

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

                        http://is.gd/2zZSUW

                     About N-Viro International

Toledo, Ohio-based N-Viro International Corporation owns and
sometimes licenses various N-Viro processes and patented
technologies to treat and recycle wastewater and other bio-organic
wastes, utilizing certain alkaline and mineral by-products
produced by the cement, lime, electrical generation and other
industries.

N-Viro International reported a net loss of $1.76 million on $1.33
million of revenues for the year ended Dec. 31, 2014, compared to a
net loss of $1.64 million on $3.37 million of revenues for the year
ended Dec. 31, 2013.

UHY LLP, in Farmington Hills, Michigan, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company's recurring losses,
negative cash flow from operations and net working capital
deficiency raise substantial doubt about its ability to continue as
a going concern.


NET TALK.COM: Delays Filing of June 30 Quarterly Report
-------------------------------------------------------
Net Talk.com, Inc., filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the quarter ended
June 30, 2015.  The Company said the compilation, dissemination and
review of the information required to be presented in the Form 10-Q
for the relevant period has imposed time constraints that have
rendered timely filing of the Form 10-Q impracticable without undue
hardship and expense to the Company.  The Company undertakes the
responsibility to file that report no later than five days after
its original prescribed due date.

                        About Net Talk.com

Based in Miami, Fla., Net Talk.com, Inc., is a telephone company,
that provides, sells and supplies commercial and residential
telecommunication services, including services utilizing voice
over internet protocol technology, session initiation protocol
technology, wireless fidelity technology, wireless maximum
technology, marine satellite services technology and other similar
type technologies.

Net Talk.Com reported a net loss of $2.84 million on $5.06 million
of net revenues for the year ended Dec. 31, 2014, compared to a net
loss of $4.78 million on $6.02 million of net revenues for the year
ended Dec. 31, 2013.

As of March 31, 2015, the Company had $4.13 million in total
assets, $13.6 million in total liabilities and a $9.51 million
total stockholders' deficit.

Zachary Salum Auditors P.A., in South Miami, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has incurred significant recurring losses from operations,
its total liabilities exceeds its total assets, and is dependent on
outside sources of funding for continuation of its operations.
These factors raise substantial doubt about the Company's ability
to continue as a going concern.


NIJISH LLC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Nijish, LLC
          dba Vernon Citgo
        299 Talcottville Road
        Vernon, CT 06066

Case No.: 15-21492

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 24, 2015

Court: United States Bankruptcy Court
       District of Connecticut (Hartford)

Judge: Hon. Ann M. Nevins

Debtor's Counsel: Ronald Chorches, Esq.
                  LAW OFFICES OF RONALD I. CHORCHES, LLC
                  449 Silas Deane Highway, 2nd Floor
                  Wethersfield, CT 06109
                  Tel: 860-563-3955
                  Fax: 860-513-1577
                  Email: ronchorcheslaw@sbcglobal.net

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Nikulkumar Patel, managing member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ctb15-21492.pdf


NORTHERN NEW ENGLAND: Confirmed Plan Extinguishes City's Tax Lien
-----------------------------------------------------------------
The United States Court of Appeals for the Second Circuit affirmed
the judgment of the district court, holding that the reorganization
plan of Northern New England Telephone Operations LLC ("NNETO")
extinguished a tax lien held by the City of Concord.

The City filed timely proofs of claim for property taxes owed by
NNETO that had been billed pre-petition, but not for property taxes
that were billed during the bankruptcy proceedings.  A single lien
secured payment of the entire tax burden –- both taxes that were
the subject of the claims and those that were not.

More than two years after the confirmation of NNETO's plan, the
City filed a Motion for Allowance and Payment of Tax Claims that
were not filed.  The United States Bankruptcy Court for the
Southern District of New York denied the motion, ruling that the
now-confirmed plan extinguished the City's lien because the plan
declared "all property" of NNETO to be free and clear of liens,
including the City's lien.  The district court affirmed.

On appeal, the Second Circuit held that a lien is extinguished by a
Chapter 11 plan if: (1) the text of the plan does not preserve the
lien; (2) the plan is confirmed; (3) the property subject to the
lien is "dealt with" by the terms of the plan; and (4) the
lienholder participated in the bankruptcy proceedings.  The Second
Circuit found that all four requirements were satisfied by the
facts of the case and thus concluded that the plan extinguished the
City's lien.

The case is CITY OF CONCORD, N.H., Appellant, v. NORTHERN NEW
ENGLAND TELEPHONE OPERATIONS LLC, Debtor-Appellee, DOCKET NO.
14-3381-BK (2nd Cir.), relating to In re: NORTHERN NEW ENGLAND
TELEPHONE OPERATIONS LLC, Debtor.

A copy of the Second Circuit's August 4, 2015 opinion is available
at http://is.gd/n55hmufrom Leagle.com.  

Appellant is represented by:

          James W. Kennedy, Esq.
          CITY SOLICITOR
          41 Green Street
          Concord, NH 03301
          Tel: (603) 225-8505
          Fax: (603) 225-8558
          Email: jkennedy@concordnh.gov

Debtor-Appellee is represented by:

          James T. Grogan, Esq.
          PAUL HASTINGS LLP
          600 Travis Street, 58th Floor
          Houston, TX 77002
          Tel: (713) 860-7300
          Fax: (713) 353-3100
          Email: jamesgrogan@paulhastings.com


OMNICOMM SYSTEMS: Reports $4.6 Million Net Income for 2nd Quarter
-----------------------------------------------------------------
OmniComm Systems, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $4.67 million on $4.83 million of total revenues for the three
months ended June 30, 2015, compared to net income of $632,064 on
$3.60 million of total revenues for the same period during the
prior year.

For the six months ended June 30, 2015, the Company reported net
income of $1.92 million on $9.67 million of total revenues compared
to a net loss of $876,816 on $6.79 million of total revenues for
the same period a year ago.

As of June 30, 2015, the Company had $6.24 million in total assets,
$39.88 million in total liabilities and total stockholders' deficit
of $33.63 million.

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

                       http://is.gd/MG0rv7

                      About OmniComm Systems

Ft. Lauderdale, Fla.-based OmniComm Systems, Inc., is a healthcare
technology company that provides Web-based electronic data capture
("EDC") solutions and related value-added services to
pharmaceutical and biotech companies, clinical research
organizations, and other clinical trial sponsors principally
located in the United States and Europe.

OmniComm Systems reported a net loss attributable to common
stockholders of $4.66 million on $16.5 million of total revenues
for the year ended Dec. 31, 2014, compared to a net loss
attributable to common stockholders of $3.36 million on $14.3
million of total revenues for the year ended Dec. 31, 2013.

Liggett, Vogt & Webb, P.A., in Boynton Beach, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has experienced net losses and negative cash flows and has
utilized debt and equity financing to satisfy the Company's capital
requirements.  These factors raise substantial doubt about the
Company's ability to continue as a going concern, the auditors
noted.


OXBOW CARBON: S&P Affirms 'BB-' Corp. Credit Rating
---------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'BB-'
corporate credit rating on West Palm Beach, Fla.-based Oxbow Carbon
LLC.  The outlook is stable.

At the same time, S&P lowered its issue-level rating on company's
senior secured second-lien term loan to 'B+' from 'BB-' and revised
the recovery rating on the term loan to '5' from '4'.  The '5'
recovery rating reflects S&P's expectation of modest (10% to 30%;
lower half of the range) recovery in the event of a default. S&P
also revised the liquidity assessment to strong from adequate.

S&P revised the recovery rating on the second-lien term loan due to
lower valuation assumptions, which resulted in a lower rating.

"The stable outlook reflects our expectation that Oxbow will
maintain metrics consistent with an aggressive financial risk
profile, with debt to EBITDA between 4x and 5x in 2015 and 2016,"
said Standard & Poor's credit analyst Vania Dimova.  "We also
expect the company to maintain relatively steady operating and
financial performance and use its available cash flow to pay down
debt."

S&P could lower its rating if market and price conditions weaken
from current levels and we expect debt to EBITDA will be sustained
above 5x due to declining EBITDA.  This could occur if cash flows
are further pressured by the global oversupply of key commodities,
which would keep prices low and hinder Oxbow's margins and
profitability.

S&P would raise its rating if debt to EBITDA improves and stays
below 4x and FFO to debt climbs to about 20% on a sustained basis.
S&P would also expect any improvement in operating conditions would
result from higher global commodities prices on better supply and
demand conditions.



OXYSURE SYSTEMS: Needs More Time to File Q2 Form 10-Q
-----------------------------------------------------
OxySure Systems, Inc. notified the Securities and Exchange
Commission that it requires additional time to finalize certain
required disclosures and documentation for its Form 10-Q for the
fiscal quarter ended June 30, 2015.  Accordingly, the Company said
the Form 10-Q cannot be filed within the prescribed time period
without unreasonable effort or expense.

                       About OxySure Systems

Frisco, Tex.-based OxySure Systems, Inc. (OTC QB: OXYS) is a
medical technology company that focuses on the design, manufacture
and distribution of specialty respiratory and emergency medical
solutions.  The company pioneered a safe and easy to use solution
to produce medically pure (USP) oxygen from inert powders.  The
Company owns nine issued patents and patents pending on this
technology which makes the provision of emergency oxygen safer,
more accessible and easier to use than traditional oxygen
provision systems.

As of March 31, 2015, the Company had $2.18 million in total
assets, $1.63 million in total liabilities, and $557,000 in total
stockholders' equity.

Oxysure Systems reported a net loss of $2.75 million in 2014
following a net loss of $712,000 in 2013.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company had accumulated losses of $18.0 million as of Dec. 31, 2014
which raises substantial doubt about its ability to continue as a
going concern.


PAYNECON INC: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Paynecon, Inc.
           dba Payne Concrete
        Attn: Jon Payne
        P.O. Box 1097
        Midlothian, TX 76065

Case No.: 15-33397

Chapter 11 Petition Date: August 21, 2015

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Hon. DeWayne Hale

Debtor's Counsel: Jonathan L. Howell, Esq.
                  MCCATHERN, PLLC
                  3710 Rawlins Street, Suite 1600
                  Dallas, TX 75219
                  Tel: (214) 273-6409
                  Fax: (214) 741-4717
                  Email: jhowell@mccathernlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jon Payne, president.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Liquid Stone Concrete                 Supplier         $527,586
221 Centre Drive
Burleson, TX 76028

Charley's Concrete Co. Ltd.           Supplier         $457,732
P.O. Box 1106
Keller, TX 76244

Lattimore Materials Co.               Supplier         $342,765
PO Box 732677
Dallas, TX 75373-2677

Sunbelt Rentals                       Supplier         $149,279

Barnsco                              Trade Debt        $128,725

Ratliff Ready-Mix, LP                 Supplier         $112,413

CMC Construction Services             Supplier          $77,834

RMD Kwikform USA                      Supplier          $72,634

Denali Services & Transport         Subcontractor       $65,878

Ellis Construction Specialties        Supplier          $42,267

E.R. Steel Co.                      Subcontractor       $40,224

White Cap                             Supplier          $40,220

Alliance Trucking, LP               Subcontractor       $36,883

Payne & Weber                         Supplier          $36,800

Western Concrete Pumping              Supplier          $31,340

Wex Bank                              Supplier          $30,576

RCi Ready Cable                       Supplier          $26,313

John C. Capps, CPA               Accounting Services    $25,107

C&C TX Concrete Pumping             Subcontractor       $24,704

Bobcat of Dallas                      Supplier          $24,122


PERRY KOPLIK: Joint Motion to Withdraw Reference Granted
--------------------------------------------------------
Judge Katherine B. Forrest of the United States District Court for
the Southern District of New York granted the joint motion filed by
Michael S. Fox, as Litigation Trustee of Perry H. Koplik & Sons,
Inc., and Michael R. Koplik and Joyce S. Koplik, to withdraw for
all purposes the reference to the United States Bankruptcy Court of
a proceeding under New York Debtor & Creditor Law to set aside an
alleged fraudulent conveyance of a Manhattan townhouse by Michael
Koplik, individually, to himself and his wife Joyce Koplik, as
tenants by the entirety.

Although the parties dispute the bankruptcy court's jurisdiction to
hear the said matter, they agreed that litigating the suit in
district court eliminates the jurisdictional dispute and provides
an efficient path to eliminate the claim.  The parties jointly
argued that the district court has jurisdiction to hear the action
against Mr. and Mrs. Koplik.

Judge Forrest held that the district court has ancillary and
pendent-party jurisdiction to hear the federal judgment creditor's
state-based fraudulent conveyance action against a federal judgment
debtor and an alleged transferee of the fraudulent conveyance.  The
judge agreed with the parties that, under 28 U.S.C. Section 157(d),
the interests of judicial economy support withdrawal of the
reference.

The case is In re: PERRY H. KOPLIK & SONS, INC., Debtor. MICHAEL S.
FOX as Litigation Trustee of PERRY H. KOPLIK & SONS, INC.,
Plaintiff, v. MICHAEL R. KOPLIK and JOYCE S. KOPLIK, Defendants,
No. 15-cv-4002 (KBF) (S.D.N.Y.).

A full-text copy of Judge Forrest's July 31, 2015 opinion and order
is available at http://is.gd/k1PWP1from Leagle.com.  

Michael S. Fox is represented by:

          Jonathan Todd Koevary, Esq.
          OLSHAN FROME WOLOSKY LLP
          Park Avenue Tower
          65 East 55th Street
          New York, NY 10022
          Tel: (212) 451-2300
          Fax: (212) 451-2222
          Email: jkoevary@olshanlaw.com

Michael R. Koplik is represented by:

          Alice Pin-Lan Ko, Esq.
          ROSEN & ASSOCIATES, P.C.
          747 Third Avenue
          New York, NY 10017-2803
          Tel: (212) 223-1100
          Fax: (212) 223-1102

Joyce S. Koplik is represented by:

          Mark Nelson Parry, Esq.
          MOSES & SINGER LLP
          The Chrysler Building
          405 Lexington Avenue
          New York, NY 10174-1299
          Tel: (212) 554-7800
          Fax: (212) 554-7700
          Email: mparry@mosessinger.com
          
About Perry Koplik & Sons

Perry Koplik & Sons, Inc., operated primarily as a broker of waste
paper, pulp, tissue, and other paper grades.  In addition to acting
as a broker, it acted as sales agent as well as a distributor.

On Nov. 2, 2001, Perry Koplik's Board of Directors, with the advice
of Realization Services, approved a plan providing for an out of
court liquidation of its assets.  On Nov. 9, 2001, Fleet Bank
notified the Company it was in default under a $60 million secured
revolving credit facility, citing the Debtor's exposure to its
customer American Tissue Inc. and the Debtor's default with respect
to many covenants under the Revolver.

American Tissue filed for Chapter 11 bankruptcy (Bankr. D. Del.
Case No. 01-_____) on Sept. 10, 2001, after its proposed bond issue
of $400 million dollars failed in the summer of 2001.  The case
later was converted to chapter 7 on April 22, 2004.

In March 2002, four of Perry Koplik's creditors filed an
involuntary petition (Bankr. S.D.N.Y. Case No. 02-40648) under
chapter 7 of the Bankruptcy Code.  Soon thereafter, creditors
sought the appointment of an interim trustee, on the ground that
the Debtor had been mismanaged while conducting its operations.
Thereafter, the case was converted from chapter 7 to chapter 11,
and a reorganization plan (for a controlled liquidation) for the
Debtor was thereafter confirmed.  Under the Plan, Michael Fox was
appointed as Litigation Trustee, charged with bringing litigation
on behalf of the Debtor's estate.

Christopher R. Belmonte, Esq., and Pamela A. Bosswick, Esq. --
cbelmonte@ssbb.com -- at Satterlee Stephens Burke & Burke LLP, New
York, New York, represent the Trustee.


PGI INCORPORATED: Incurs $2.1 Million Net Loss in Second Quarter
----------------------------------------------------------------
PGI Incorporated filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $2.1
million on $2,000 of revenues for the three months ended June 30,
2015, compared to a net loss of $1.9 million on $3,000 of revenues
for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss of $4 million on $5,000 of revenues compared to a net loss of
$3.7 million on $7,000 of revenues for the same period a year ago.

As of June 30, 2015, the Company had $942,000 in total assets, $88
million in total liabilities and a stockholders' deficit of $87.1
million in stockholders' deficiency.

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

                      http://is.gd/Qx7MAn

                    About PGI Incorporated

St. Louis, Mo.-based PGI Incorporated, a Florida corporation, was
founded in 1958, and up until the mid 1990's was in the business
of building and selling homes, developing and selling home sites
and selling undeveloped or partially developed tracts of land.
Over approximately the last 15 years, the Company's business focus
and emphasis changed substantially as it concentrated its sales
and marketing efforts almost exclusively on the disposition of its
remaining real estate.  This change was prompted by its continuing
financial difficulties due to the principal and interest owed on
its debt.

Presently, the most valuable remaining asset of the Company is a
parcel of 366 acres located in Hernando County, Florida.  The
Company also owns a number of scattered sites in Charlotte County,
Florida (the "Charlotte Property"), but most of these sites are
subject to easements which markedly reduce their value and/or
consist of wetlands of indeterminate value.  As of Dec. 31, 2011,
the Company also owned six single family lots, located in Citrus
County, Florida.

PGI Incorporated reported a net loss of $6.51 million on $16,000 of
revenues for the year ended Dec. 31, 2014, compared to a net loss
of $6.9 million on $16,000 of revenues for the year ended Dec. 31,
2013.

BKD, 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 a significant
accumulated deficit, and is in default on its primary debt, certain
sinking fund and interest payments on its convertible subordinated
debentures and its convertible debentures.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


PLATTE RIVER: AP Judge Manages Admin. Appeal, District Court Rules
------------------------------------------------------------------
Judge Wiley Y. Daniel of the United States District Court for the
District of Colorado ordered that the case captioned PLATTE RIVER
BOTTOM, LLC, Plaintiff, v. ADVANTAGE BANK, NORTHSTAR BANK OF
COLORADO, f/k/a COMMUNITY BANK OF COLORADO, THE CITY OF EVANS,
NOLAN ULMER, and PATRICIA ULMER, Defendants, Civil Action No.
15-CV-01443-WYD (D. Colo.), be remitted to the Clerk for immediate
random assignment to a merits judge.

Judge Daniel held that under the Court's local rules of practice,
the AP judge manages an administrative appeal through briefing,
after which it is returned to the Clerk's Office to be drawn to a
judge like any other civil case.

Judge Daniel said the issues raised in Platte River's Alternative
Motion for Leave to Appeal is sufficiently intertwined with the
merits of the underlying controversy to suggest that the AP judge
refrain from resolving them to avoid binding the merits judge to a
ruling which he or she may view differently.

The case is IN RE: PLATTE RIVER BOTTOM, LLC EIN 05-0587266, Chapter
11, Debtor, PLATTE RIVER BOTTOM, LLC, Plaintiff, v. ADVANTAGE BANK,
NORTHSTAR BANK OF COLORADO, f/k/a COMMUNITY BANK OF COLORADO, THE
CITY OF EVANS, NOLAN ULMER, and PATRICIA ULMER, Defendants, Civil
Action No. 15-CV-01443-WYD, Case No. 13-13098 HRT, Adv. Pro. No.
14-01231-HRT.

A full-text copy of Judge Daniel's Order dated August 18, 2015, is
available at http://is.gd/p0EbWNfrom Leagle.com

Platte River Bottom, LLC is represented by:

          David Richard Eason, Esq.
          EASONROHDE, LLC
          1129 Cherokee St.
          Denver, CO 80204
          Telephone: (303)381-3400

Northstar Bank of Colorado, formerly known as Community Bank of
Colorado, et. al., are represented by:

          Chad S. Caby, Esq.
          LEWIS ROCA ROTHGERBER LLP
          1200 Seventeenth Street
          Suite 3000
          Denver, CO 80202
          Telephone: (303)623-9000
          Facsimile: (303)623-9222
          Email: Ccaby@LRRLaw.com

             -- and --

          Jenny M.F. Fujii, Esq.
          KUTNER BRINEN GARBER, PC
          1660 Lincoln St.
          Suite 1850
          Denver, CO 80264
          Email: jmf@kutnerlaw.com

             -- and --

          Robert David Lantz, Esq.
          SENDER WASSERMAN WADSWORTH, P.C.
          Lincoln Center Building
          1660 Lincoln Street, #2200
          Denver, CO 80264
          Telephone: (303)296-1999
          Facsimile: (303)296-7600
          Email: rlantz@sww-legal.com

             -- and --

          Scotty P. Krob
          KROB LAW OFFICE, LLC.
          8400 E. Prentice Avenue, Penthouse
          Greenwood Village, CO 80111
          Telephone: (303)694-0099
          Facsimile: (303)694-5005
          Email: scott@kroblaw.com

              About Platte River Bottom

Greeley, Colorado-based Platte River Bottom, LLC, sought
protection
under Chapter 11 of the Bankruptcy Code on March 5, 2013 (Bankr.
D.
Colo., Case No.: 13-13098).  The case is assigned to Judge Howard
R. Tallman.

The Debtor's counsel is Jeffrey Weinman, Esq., at Weinman &
Associates, P.C., in Denver, Colorado.


POSITIVEID CORP: Signs Purchase Agreement with Dominion Capital
---------------------------------------------------------------
PositiveID Corporation closed a financing transaction by entering
into a securities purchase agreement dated Aug. 14, 2015, with
Dominion Capital LLC for an aggregate subscription amount of
$2,400,000, according to a document filed with the Securities and
Exchange Commission.

Pursuant to the Securities Purchase Agreement, the Company will
issue a series of 4% Original Issue Discount Senior Secured
Convertible Promissory Notes to the Purchaser.  The Purchase Price
will be paid in six equal monthly tranches of $400,000.  Each
individual Note will be issued upon payment and will be amortized
beginning six months after issuance, with amortization payments
being 1/24th of the principal and accrued interest, made in cash or
common stock at the option of the Company, on a semi-monthly basis,
subject to certain conditions contained in the Securities Purchase
Agreement.  The amortization payments will begin to be due starting
on the 15th day of the month immediately following the six-month
anniversary of the Closing Date.  The Company also reimbursed the
Purchaser $30,000 for legal fees and expenses from the proceeds of
the first tranche.  The use of proceeds from this financing is
intended for the completion of the prototype of the Company's
Firefly Dx system and general working capital.

                   4% Original Issue Discount Senior
                  Secured Convertible Promissory Notes

The total principal amount of the Notes is issued with a 4%
original issue discount whereby the aggregate Principal Amount of
the Notes is $2,500,000, with an aggregate net purchase price of
$2,400,000.  Each Note accrues interest at a rate equal to 12% per
annum (interest is guaranteed for the first twelve months) and the
initial note has a maturity date of Feb. 15, 2017.  Each Note is
convertible any time after its issuance date.  The Purchaser has
the right to convert any or all of the Notes into shares of the
Company's common stock at a fixed conversion price equal to $0.028
(which was a 12% premium to the closing bid price of the Company's
common stock on Aug. 11, 2015), subject to adjustment as described
in the Notes.  The Notes can be prepaid at any time upon five days'
notice to the Holder by paying an amount in cash equal to the
outstanding principal and interest, and a 20% premium.

                        Security Agreement

In connection with the Company's obligations under the Notes, the
Company entered into a Security Agreement with the Purchaser,
pursuant to which the Company granted a lien on all assets of the
Company, subject to existing security interests, for the benefit of
the Purchaser, to secure the Company's obligations under the Notes.
In the event of a default as defined in the Notes, the Purchaser
may, among other things, collect or take possession of the
Collateral, proceed with the foreclosure of the security interest
in the Collateral, or sell, lease or dispose of the Collateral.

                        Subsidiary Agreement

In connection with the Company's obligations under the Security
Agreement with the Purchaser, pursuant to which the Company granted
a lien on all assets of the Company, subject to existing security
interests, under a Subsidiary Guaranty, each of the Company's
subsidiaries has guaranteed all of its obligations under the
Notes.

                         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 March 31, 2015, the Company had $1.41 million in total
assets, $11.8 million in total liabilities, and a $10.4 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.


PROGRESSIVE PLUMBING: Case Summary & Largest Unsecured Creditors
----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                        Case No.
       ------                                        --------
       Progressive Plumbing, Inc.                    15-07275  
       1064 W Highway 50
       Clermont, FL 34711

       Progressive Services, LLC                     15-07276

       Gracious Living Design Center, Inc.           15-07277

Chapter 11 Petition Date: August 24, 2015

Court: United States Bankruptcy Court
       Middle District of Florida (Orlando)

Debtors' Counsel: Roman V Hammes, Esq.
                  ROMAN V. HAMMES, P.L.
                  250 East Colonial Drive, Suite 305
                  Orlando, FL 32801
                  Tel: (407) 650-0003
                  Email: roman@romanvhammes.com

                    - and -

                  Michael A Nardella, Esq.
                  NARDELA & NARDELLA, PLLC
                  250 East Colonial Drive, Ste 102
                  Orlando, FL 32801
                  Tel: 407-966-2680
                  Email: mnardella@nardellalaw.com

                                        Estimated    Estimated
                                         Assets     Liabilities
                                      -----------   -----------
Progressive Plumbing, Inc.            $1MM-$10MM    $1MM-$10MM
Progressive Services, LLC             $100K-$500K   $500K-$1MM

The petitions were signed by William Lawson, president.

A list of Progressive Plumbing's 10 largest unsecured creditors is
available for free at http://bankrupt.com/misc/flmb15-07275.pdf

A list of Progressive Services' six largest unsecured creditors is
available for free at http://bankrupt.com/misc/flmb15-07276.pdf


QUALITY DISTRIBUTION: Shareholders Approve Merger with Gruden
-------------------------------------------------------------
At a special meeting of shareholders of Quality Distribution, Inc.,
held on Aug. 17, 2015, the shareholders approved a proposal to
adopt the Agreement and Plan of Merger, dated as of May 6, 2015, by
and among the Company, Gruden Acquisition, Inc., and Gruden Merger
Sub, Inc., and thereby approved the transactions contemplated by
the Merger Agreement, including the merger of Gruden Merger Sub,
Inc. with and into Quality Distribution, Inc.
The stockholders, however, did not approve, on an advisory
(non-binding) basis, the compensation that will or may become
payable to the Company's named executive officers in connection
with the
Merger.

The approval and adoption of the Merger Agreement satisfies one of
the closing conditions of the Merger.  The Merger is expected to
close on Aug. 18, 2015, subject to the satisfaction or waiver of
the remaining closing conditions.

                   About Quality Distribution

Quality Distribution, LLC, and its parent holding company, Quality
Distribution, Inc., are headquartered in Tampa, Florida.  The
company is a transporter of bulk liquid and dry bulk chemicals.
The company's 2010 revenues are approximately $686 million.
Apollo Management, L.P., owns roughly 30 percent of the common
stock of Quality Distribution, Inc.

As of June 30, 2015, the Company had $413 million in total assets,
$436 million in total liabilities and a $22.9 million total
shareholders' deficit.

                        Bankruptcy Warning

"We have substantial indebtedness and may not be able to make
required payments on our indebtedness.

We had consolidated indebtedness and capital lease obligations,
including current maturities of $351.3 million, as of December 31,
2014.  We must make regular payments under the ABL Facility,
including the Term Loan, thereunder, and our capital leases and
semi-annual interest payments under our 2018 Notes.

The ABL will mature at the earlier of November 2019 and the date
that is 91 days prior to the maturity of the Company's currently
outstanding 2018 Notes or any replacement notes if the outstanding
amount of such debt is above a certain threshold.  The Term Loan
matures on November 3, 2017 but we are subject to mandatory
prepayment of the principal amount of the Term Loan in equal
quarterly payments beginning as early as November 2015.  The
maturity date of the ABL Facility, including the Term Loan, may be
accelerated if we default on our obligations.  If the maturity of
the ABL Facility and/or such other debt is accelerated, we may not
have sufficient cash on hand to repay the ABL Facility and/or such
other debt or be able to refinance the ABL Facility and/or such
other debt on acceptable terms, or at all.  The failure to repay
or refinance the ABL Facility and/or such other debt at maturity
would have a material adverse effect on our business and financial
condition, would cause substantial liquidity problems and may
result in the bankruptcy of us and/or our subsidiaries.  Any actual
or potential bankruptcy or liquidity crisis may materially harm our
relationships with our customers, suppliers and independent
affiliates," the Company states in its 2014 annual report.

                           *     *     *

As reported in the TCR on June 28, 2013, Moody's Investors Service
upgraded Quality Distribution, LLC's Corporate Family Rating to
'B2' from 'B3' and Probability of Default Rating to 'B2-PD' from
'B3-PD'.

The upgrade of Quality's CFR to 'B2' was largely driven by the
expectation that credit metrics will improve over the next twelve
to eighteen months, through a combination of EBITDA growth and
debt paydowns, to levels consistent with the 'B2' rating level.
The company is in the process of integrating the bolt-on
acquisitions made in its Energy Logistics business sector since
2011.

As reported by the TCR on July 17, 2015, Standard & Poor's Ratings
Services said that it has lowered its corporate credit rating on
Tampa-based transportation and logistics provider Quality
Distribution Inc. to 'B-' from 'B' and removed the ratings from
CreditWatch, where S&P had placed them with negative implications
on May 8, 2015.  "The downgrade reflects Quality Distribution's
higher debt-leverage pro forma for its acquisition by Apax
Partners," said Standard & Poor's credit analyst Michael Durand.


QUANTUM CORP: Gregg Powers Reports 6.5% Stake as of Aug. 5
----------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Mr. Gregg J. Powers, CEO and portfolio manager of
Private Capital Management, LLC, disclosed that as of Aug. 5, 2015,
he beneficially owned 17,061,802 shares of common stock of
Quantum Corporation, which represents 6.52 percent of the shares
outstanding.  PCM beneficially owned 16,525,302 shares as of that
date.

PCM has acquired shares of Common Stock in the normal course of its
business as a registered investment adviser investing Client assets
on a fully discretionary basis.  PCM said it may
acquire or dispose of additional Common Stock or other securities.

Since August 2013, Mr. Powers has served as a director of the
Issuer.  In his capacity as a director of the Issuer he may be
required to consider or participate in deliberations or Board
actions.  The Reporting Persons will not consider Mr. Power's
consideration or participation in deliberations or Board actions in
his capacity as a Director of the Issuer, in and of itself, as
constituting plan or proposal by the Reporting Persons that would
necessitate an update or revision of this Schedule 13D.

A copy of the regulatory filing is available for free at:

                       http://is.gd/H4bK5j

                         About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported
by a world-class sales and service organization.

Quantum reported net income of $16.7 million on $553 million of
total revenue for the year ended March 31, 2015, compared to a net
loss of $21.5 million on $553 million of total revenue for the year
ended March 31, 2014.

As of June 30, 2015, the Company had $314.6 million in total
assets, $382.6 million in total liabilities and a $67.9 million
total stockholders' deficit.


QUEST SOLUTION: Reports Second Quarter Results
----------------------------------------------
Quest Solution, Inc., announced financial results for the second
quarter and six months ended June 30, 2015, and reaffirmed
full-year 2015 financial guidance.

"As expected, we delivered positive Adjusted EBITDA for the second
quarter and continue to expect additional improvement in this
metric as we progress through the second half of the year,"
commented Tom Miller, Quest Solution's chief executive officer. "As
we extract synergies from recent business combinations and continue
to shift of our business model towards more contracts that bundle
services with our innovative hardware and software solutions, we
expect our top and bottom line to continue to grow. Partnering and
teaming with leading technology companies as we have is reducing
our time to market with innovative, mobile and cloud-based
solutions to drive quick returns on investment for our customers
and further establish our recurring revenue model.  Our recent win
with a leading PVC piping component manufacturer is a perfect
example of how our team’s ingenuity and deep understanding of
this long-time customer's business is expected to lead to a larger
share of their technology spend.  Working with this customer puts
our solution to work in one of the country's largest home supply
retailers and expands our opportunities to leverage our knowledge
and experience for additional growth."

"To support the increasing number of opportunities in the
marketplace we further expanded geographic coverage by adding sales
teams in New York and Chicago over the last six months," added
Miller.  "These are industry-leading technology experts with a with
a proven record of success in selling solutions and building deep
and wide customer relationships in our target markets.  We will
continue to add and develop strategically placed salespeople who
can sell bundled solution and service projects that help to support
our near and long-term growth objectives and are expected to
increase our base of recurring revenue."

Scot Ross, Quest's CFO, added, "Our solutions-based strategy is
gaining momentum in the marketplace, increasing the portion of our
business that represents recurring revenue.  With an increased
percentage of revenue under long term contracts, we are gaining
greater visibility into expected future financial results and are
thereby confirming our full-year 2015 revenue guidance today.  As
of June 30, 2015, our backlog of business to be delivered over the
next 6 months stands at $ 4.6 million and the net deferred revenue
balance was approximately $805,000, representing hardware and
service net revenue under contract that is deferred to future
periods and will be recognized when services are delivered.  As a
reminder, this is EBITDA for which we have received the cash and
paid the expense and will recognize for accounting purposes over
the life of the contracts."  Ross continued, "Additionally, our
cash flow from operations was approximately $1.6 million, which is
attributable to the integration efforts achieved during the quarter
from the sales and operations team performance.

Quest Solution reported a net loss of $285,449 on $13.55 million of
total revenues for the three months ended June 30, 2015, compared
to a net loss of $262,305 on $7.43 million of total revenues for
the same period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss of $707,531 on $24.2 million of total revenues compared to a
net loss of $15,886 on $17 million of total revenues for the same
period a year ago.

As of June 30, 2015, the Company had $35.4 million in total assets,
$34.2 million in total liabilities and $1.2 million in total
stockholders' equity.

Quest Solution conducted a conference call on Aug. 17, 2015 at to
provide a shareholder update.  Management also discussed the
Company's financial results for the second quarter, the business
strategy, provided a general corporate update and conducted a
question and answer period.

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

                      http://is.gd/X1AB04

               Announces Substantial Increase in
                Projected Sales to Key Customers

Quest Solution said it expects to significantly expand its business
with a long-time customer, which is a leading global manufacturer
of PVC piping components.  After months of testing and
collaboration, the customer has chosen Quest Solution as its label
supplier for its products sold in one of the largest home
improvement stores in the country.  In the second month of this new
rollout, sales have already exceeded the previous year's sales.
Historically, this relationship generated approximately $150,000
per year to Quest but the Company now projects these new contracts
to increase the volume to closer to $450,000 per year.

"The Company feels we were selected for this project in because of
the high quality of work this customer has come to expect from
Quest over our multi-year relationship," stated Tom Miller, Quest
Solution chief executive officer.  "Quest has a long history of
positive customer experiences with many of the large national home
supply retailers and we are confident in our ability to deliver
consistent results for across hundreds of locations around the
country."

Miller continued, "We are excited by the opportunity of growing our
sales pipeline with this customer into the nation's leading home
supply retailers.  This new business award is the result of our
Company's commitment to serving its clients through both constant
innovation and high quality customer service.  We look forward to
continued revenue expansion with all of our customers through this
critical sales channel and are excited by the additional
opportunities that may result from our work on this project."

                       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.


REDPRAIRIE CORP: Bank Debt Trades at 5% Off
-------------------------------------------
Participations in a syndicated loan under which RedPrairie Corp is
a borrower traded in the secondary market at 94.80
cents-on-the-dollar during the week ended Friday, August 14, 2015,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in the August 18, 2015, edition of The Wall Street
Journal. This represents a decrease of 1.20 percentage points from
the previous week, The Journal relates.  RedPrairie Corp pays 500
basis points above LIBOR to borrow under the facility.  The bank
loan matures on December 21, 2018. Moody's rates the loan 'B2' and
Standard & Poor's gave a 'B-' rating to the loan.  The loan is one
of the biggest gainers and losers among 246 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, August 14.


RESPONSE BIOMEDICAL: Reports 2nd Quarter 2015 Financial Results
---------------------------------------------------------------
Response Biomedical Corp. reported financial results disclosing a
net loss of C$2,000 on C$4.26 million of total revenue for the
three months ended June 30, 2015, compared to net income of
C$288,000 on C$3.07 million of total revenue for the same period in
2014.

For the six months ended June 30, 2015, the Company reported a net
loss of C$1.10 million on C$7.80 million of total revenue compared
to a net loss of C$1.23 million on C$5.63 million of total revenue
for the same period a year ago.

"We are pleased to report both substantial revenue growth and
positive Adjusted EBITDA for the second quarter," said Dr. Barbara
Kinnaird, chief executive officer of Response.  "We continue to
make progress in our collaboration with Joinstar, earning a
US$360,000 milestone in the second quarter," noted Dr. Kinnaird.
"Our national distribution partner met their minimum purchase
targets for the first half of 2015, representing approximately 70%
of our revenues in the period.  However, they are still in the
process of expanding into additional territories within China and
determining their end-user buying patterns.  They recently
indicated to us that they have built up inventory at a higher rate
than their current sales to end-users.  They therefore may make
significantly lower, or possibly no, purchases from us during the
third quarter of 2015.  As a result, we have executed several cost
cutting and cash conservation initiatives while we work through
this period."

"To support our plans to expand our future sales and marketing
initiatives in China, we are also pleased to announce the hiring of
a new General Manager for China, Mr. Julius Wu.  Mr. Wu brings to
Response extensive experience in medical device sales and marketing
in China as well as in the establishment and growth of China based
operations for a multinational company," said Dr. Kinnaird.

Julius Wu has over 20 years in the medical device industry in China
where he succeeded in a number of key marketing & sales related
positions for international companies from Johnson & Johnson and
Bayer Diagnostics to Philips Healthcare.  Notable is his recent
experience as VP of Business Operations for B. Braun Medical Inc.,
where he directed major partnering initiatives and led a 140-staff
organization to successfully support the overall China business.
Mr. Wu is responsible for Response’s marketing programs, brand
management, and business development in China, Taiwan and Hong
Kong.  Mr. Wu's greatest strengths are his creativity, leadership
and results-driven behaviors.  He thrives on challenges,
particularly those that expand the company's reach. His most recent
projects involved strategic partnerships with distribution networks
in the fast-growing Asia-Pacific market.   He was a major driver of
an M&A deal in 2009 as well as turning around market position
against a local competitor with annual revenues exceeding $145
million in 2012.  In addition, he had primary responsibility for
setting up a full-fledged organization in China with sales,
marketing, technology & service and research & development with a
staff of over 100 employees.

                     About Response Biomedical

Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.

Response Biomedical reported a net loss and comprehensive loss of
C$5.99 million in 2013, a net loss and comprehensive loss of C$5.28
million in 2012 and a net loss and comprehensive loss of C$5.37
million in 2011.

As of March 31, 2015, the Company had C$13.6 million in total
assets, C$15.48 million in total liabilities and a $1.88 million
total shareholders' deficit.

PricewaterhouseCoopers LLP, in Vancouver, Canada, in its report on
the consolidated financial statements for the year ended Dec. 31,
2014, noted that the company has incurred recurring losses from
operations and has an accumulated deficit at Dec. 31, 2014, whicht
raises substantial doubt about its ability to continue as a going
concern.


RESTORGENEX CORP: Files Form S-8 Registration Statements
--------------------------------------------------------
Restorgenex Corporation filed with the Securities and Exchange
Commission a Form S-8 registration statement to register 2,500,000
shares issuable under the Company's 2015 Equity Incentive Plan for
a proposed maximum aggregate offering price of $3.37 million.  A
copy of the regulatory filing is available at http://is.gd/5QIhbr

The Company separately filed a Form S-8 prospectus to register
2,789,523 shares that may be issued under the Non-Plan Based Option
Grants.  A copy of the registration statement is available for free
at http://is.gd/GSuQ0u

                         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 June 30, 2015, the Company had $36.6 million in total assets,
$4.8 million in total liabilities and $31.8 million in total
stockholders' equity.


RONALD BAUMAN: Trustee's Bids for Substantive Consolidation Denied
------------------------------------------------------------------
Judge Thomas L. Perkins of the United States Bankruptcy Court for
the Central District of Illinois denied the motions filed by A.
Clay Cox, as Chapter 7 Trustee for the estates of Ronald R. Bauman,
and Midwest Asphalt Repair, Inc., for substantive consolidation of
the two estates.

The Trustee filed the motions on January 1, 2015, contending that
substantive consolidation is necessary because (1) the affairs of
Bauman and Midwest are so entangled that consolidation will benefit
all creditors; (2) the creditors of Bauman and Midwest dealt with
them as a single economic unit and did not rely on their separate
existence in extending credit; and (3) it is necessary to avoid
harm to Bauman's creditors, while not being prejudicial to
creditors of Midwest.

Donald Bauman opposed the Trustee's motions, asserting that a
bankruptcy court lacks the authority to order substantive
consolidation and that it is clearly contradictory to express
provisions of the Bankruptcy Code.  Alternatively, and along with
Heartland Bank and Trust Company, Scott Hostetler and Midstate
Asphalt Repair, Inc., Donald contended that the application of the
doctrine is not warranted in this matter.

Judge Perkins found that nothing in the record supports the
Trustee's assertions.  Moreover, the judge did not agree with the
general premise underlying the Trustee's motions, that substantive
consolidation can be justified simply as a matter of equity in
order to provide a remedy for the fraudulent dissipation of
Midwest's assets perpetrated by Bauman.  Judge Perkins explained
that substantive consolidation is a non-statutory equitable remedy
and courts must resist the temptation to implement an equitable
remedy in a manner that contradicts or is inconsistent with a
statutory scheme.

The cases are IN RE: RONALD R. BAUMAN, Debtor, and IN RE: MIDWEST
ASPHALT REPAIR, INC., Debtor, Case Nos. 12-81285, 12-81287 (Bankr.
C.D. Ill.).

A copy of Judge Perkin's August 3, 2015 opinion is available at
http://is.gd/WKwB8Jfrom Leagle.com.  


SAINT MICHAEL'S MEDICAL: Has Until Sept. 17 to File Schedules
-------------------------------------------------------------
Judge Vincent F. Papalia of the U.S. Bankruptcy Court for the
District of New Jersey gave Saint Michael's Medical Center, Inc.,
et al., until Sept. 17, 2015, to file their schedules of assets and
liabilities and statements of financial affairs.

               About Saint Michael's Medical Center

Saint Michael's Medical Center, Inc., was incorporated in 2008 to
acquire St. Michael's Medical Center and 2 other now defunct
hospitals (Saint James Hospital and Columbus Hospital) was acquired
from Cathedral Healthcare System Inc., a New Jersey nonprofit.
SMMC is a second tier subsidiary of Trinity Health Corporation.
The immediate sole corporate member of SMMC is Maxis Health System,
a Pennsylvania not-for-profit corporation.

Established by the Franciscan Sisters of the Poor in 1867, St.
Michael's Medical Center is a 357- bed licensed regional
tertiary-care, teaching, and research center in the heart of
Newark, New Jersey's business and educational district and is
accredited by The Joint Commission.

On Aug. 10, 2015, SMMC Inc. and three affiliated debtors each filed
a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code in the U.S. Bankruptcy Court for the District of
New Jersey.  The cases are pending before the Honorable Vincent F.
Papalia, and the Debtors have requested that their cases be jointly
administered under Case No. 15-24999.

The Debtors tapped Cole Schotz P.C. as bankruptcy counsel;
EisnerAmper LLP as financial advisor; and Prime Clerk LLC as claims
and noticing agent.

SMMC estimated $100 million to $500 million in assets and debt.


SAMUEL MARTINEZ: Scotiabank Not Entitled to Postpetition Interest
-----------------------------------------------------------------
Judge Edward A. Godoy of the United States Bankruptcy Court for the
District of Puerto Rico denied Scotiabank's motion for
reconsideration of the court's denial of its request for
postpetition interest.

On September 23, 2013, Scotiabank filed two secured claims in the
debtor Samuel A. Figueroa Martinez's bankruptcy: one for the
Caparra property in the amount of $65,178, the other for the
Metropolis property in the amount of $148,854.  Six days after the
confirmation of the debtor's plan, Scotiabank filed a motion
requesting payment of post-petition interest.  After a hearing on
April 17, 2015, the court denied the motion.

On May 11, 2015, Scotiabank filed for reconsideration, arguing that
the court erred by adopting the debtor's arguments and treating its
motion as a request for administrative expenses pursuant to section
503(b) rather than as a request for post-petition interest.  It
further contended that the disclosure statement when compared to
the proofs of claim show Scotiabank is over-secured, entitling
Scotiabank to post-petition interest.  Scotiabank also attempted to
convert the original motion filed under section 506(b) into a
motion based on the binding effect of the debtor's confirmed plan.

Judge Godoy quickly dispensed with Scotiabank's first argument
since it was clear from the record that the court did not rely on
section 503(b) in making its ruling, but rather explicitly adopted
the debtor's argument with regard to section 506(b), in which the
debtor laid out the procedure Scotiabank should have followed.

As to Scotiabank's second argument, Judge Godoy held that
Scotiabank cannot establish that its claims are over-secured just
by pointing to the disclosure statement and proofs of claims.  The
judge found that the record is unclear as to whether the values in
the schedules were estimates or an accurate market value, and
Scotiabank has not presented the necessary evidence to substantiate
that those values are an accurate market value of the asset.

Judge Godoy was likewise unpersuaded by Scotiabank's final argument
in which it sought to rely on the binding effect of the confirmed
plan.  The judge explained that Scotiabank's allowed claim does not
automatically include post-petition interest because no request for
post-petition interest has been allowed by the court.

The case is IN RE: SAMUEL A. FIGUEROA MARTINEZ, Debtor, Case No.
13-06862 (EAG) (Bankr. D.P.R.).

A full-text copy of Judge Godoy's August 3, 2015 opinion and order
is available at http://is.gd/DhxSJkfrom Leagle.com.  


SANDY CREEK: Bank Debt Trades at 3% Off
---------------------------------------
Participations in a syndicated loan under which Sandy Creek Energy
Associates is a borrower traded in the secondary market at 96.98
cents-on-the-dollar during the week ended Friday, August 14, 2015,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in the August 18, 2015, edition of The Wall Street
Journal. This represents a decrease of 0.86 percentage points from
the previous week, The Journal relates.  Sandy Creek Energy pays
400 basis points above LIBOR to borrow under the facility.  The
bank loan matures on November 6, 2020. Moody's rates the loan 'Ba3'
and Standard & Poor's gave a 'B+' rating to the loan.  The loan is
one of the biggest gainers and losers among 246 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, August 14.


SANUWAVE HEALTH: Reports Second Quarter Financial Results
---------------------------------------------------------
SANUWAVE Health, Inc., reported a net loss of $1.52 million on
$239,983 of revenues for the three months ended June 30, 2015,
compared to a net loss of $1.69 million on $238,115 of revenues for
the same period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss of $2.68 million on $450,435 of revenues compared to a net
loss of $4.25 million on $383,213 of revenues for the same period
during the prior year.

As of June 30, 2015, the Company had $2.55 million in total assets,
$6.75 million in total liabilities and total stockholders' deficit
of $4.19 million.

"We have had a very busy second quarter, achieving many of the
milestones we established on our last conference call," stated
Kevin A. Richardson, II, Chairman of the board of SANUWAVE.  "We
extended the due date of our debt with HealthTronics, which will
allow us the flexibility to complete our PMA submission.  Our
shareholders overwhelming approved an increase in authorized
shares, which will allow us to raise adequate capital to move
forward as a company.  At the same time we are well aware of making
sure we minimize dilution to our faithful shareholders.  We also
had an extremely positive meeting with the FDA in June and now feel
confident that when our top line data is revealed, in early
September, we will be in a position to successfully submit our PMA
to the FDA.  In addition, we expanded our patent portfolio and have
seen a strong level of inbound interest in commercializing our
patent portfolio."

"As we look at the remainder of 2015 we have three milestones which
need to be met: 1) reveal top line data from the study, 2) begin
submission of the PMA to the FDA, and 3) raise capital or complete
a joint venture, partnership or sale of the wound product to
complete the FDA trial successfully and begin commercialization of
the product in 2016.  We are also working on a number of other
non-medical initiatives, which we will keep shareholders abreast of
as they occur," concluded Mr. Richardson.


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

                       http://is.gd/qEZCxU

                      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.

                       Bankruptcy Warning

"The continuation of the Company's business is dependent upon
raising additional capital during the third or early fourth quarter
of 2015 to fund operations.  Management's plans are to obtain
additional capital through investments by strategic partners for
market opportunities, which may include strategic partnerships or
licensing arrangements, or raise capital through the issuance of
common or preferred stock, securities convertible into common
stock, or secured or unsecured debt.  These possibilities, to the
extent available, may be on terms that result in significant
dilution to the Company's existing shareholders.  Although no
assurances can be given, management of the Company believes that
potential additional issuances of equity or other potential
financing transactions as discussed above should provide the
necessary funding for the Company to continue as a going concern.
If these efforts are unsuccessful, the Company may be forced to
seek relief through a filing under the U.S. Bankruptcy Code," the
Company said in the filing.


SCARBOROUGH-ST. JAMES: Landlord Allowed to Continue Eviction Suit
-----------------------------------------------------------------
Judge Laurie Selber Silverstein of the United States Bankruptcy
Court for the District of Delaware lifted the automatic stay
imposed in the Chapter 11 case of Scarborough-St. James Corporation
to allow its landlord, 67500 South Main Street, Richmond, LLC, to
continue with eviction proceedings.

The Debtor's landlord sought to proceed with eviction proceedings
against the Debtor, pending in a Michigan state court.  After
holding two hearings on the Landlord's Motion for Relief from Stay,
and accepting documentary evidence proferred by the parties, Judge
Silverstein found that the litigation in Michigan should proceed.

The Debtor's landlord also sought the conditioned use of cash
collateral and adequate protection for its ownership interests in
the shopping center located in Richmond, Michigan.  After
considering the arguments and the evidence submitted by the
parties, Judge Silverstein concluded that the Court's recognition
of the Modified Interim Order Awarding Injunctive Relief (which
limits the ability of the Debtor to use the rents other than in the
ordinary course of managing and operating the shopping center
without further permission) entered in the Michigan Litigation
suffices to provide adequate protection to the Debtor's landlord
for its interest in the Shopping Center and its equitable interest,
if any, in the rents.  As such, Judge Silverstein held that no
further relief is necessary at the moment.

The case is In re: Scarborough-St. James Corporation, Chapter 11,
Debtor, Case No. 15-10625 (LSS).

A full-text copy of Judge Silverstein's Opinion dated August 18,
2015, is available at http://is.gd/Al6ayqfrom Leagle.com.

               About Scarborough-St. James

Headquartered in New York, New York, Scarborough-St James
Corporation filed for Chapter 11 protection on December 17, 2003
(Bankr. S.D.N.Y. Case No. 03-17966). Michael T. Conway, Esq., at
Lazare Potter Giacovas & Kranjac, LLP represent the Debtors in
their restructuring efforts. When the Company filed for protection
from their creditors, they listed both estimated debts and assets
of more than $10 million.


SEADRILL LTD: Bank Debt Trades at 30% Off
-----------------------------------------
Participations in a syndicated loan under which Seadrill Ltd is a
borrower traded in the secondary market at 70.50
cents-on-the-dollar during the week ended Friday, August 14, 2015,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in the August 18, 2015, edition of The Wall Street
Journal. This represents a decrease of 2.63 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 February 17, 2021. Moody's rates the loan 'Ba3' and
Standard & Poor's gave a 'BB-' rating to the loan.  The loan is one
of the biggest gainers and losers among 246 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, August 14.


SEARS HOLDINGS: Reports $208-Mil. Net Income for Second Quarter
---------------------------------------------------------------
Sears Holdings Corporation filed with the Securities an Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $208 million on $6.2 billion of revenues for the 13 weeks ended
Aug. 1, 2015, compared to a net loss of $581 million on $8 billion
of revenues for the 13 weeks ended Aug. 2, 2014.

For the 26 weeks ended Aug. 1, 2015, the Company reported a net
loss of $95 million on $12.1 billion of revenues compared to a net
loss of $1 billion on $15.89 billion of revenues for the 26 weeks
ended Aug. 2, 2015.

As of Aug. 1, 2015, the Company had $13.18 billion in total assets,
$14.1 billion in total liabilities and a $906 million total
deficit.

Edward S. Lampert, Holdings' chairman and chief executive officer,
said, "The second quarter marked our fourth consecutive quarter of
improved results.  During the quarter we completed many of the
objectives we laid out to transform Holdings from a traditional,
store-network based retail business model to a more asset-light,
member-centric integrated retailer leveraging our Shop Your Way
platform.  The successful completion of these actions has
positioned Sears Holdings for long-term success and is consistent
with our strategy to focus on our best stores, reward our best
members and pursue our best categories as part of our
transformation.  As our results over the last four consecutive
quarters demonstrate, we are successfully enhancing our margin
rates and improving EBITDA performance as we become more efficient
with our promotional programs and the use of Shop Your Way to
replace more traditional forms of marketing with more targeted and
personalized digital interactions with our members."

Rob Schriesheim, Holdings' chief financial officer, said, "In the
second quarter of 2015, the Company completed its rights offering
and sale-leaseback transaction with Seritage Growth Properties and
received aggregate gross proceeds from the transaction of $2.7
billion.  In addition, we completed an amendment and extension of
the Company's existing asset-based credit facility.  With the
successful completion of the amendment and extension of the
domestic credit facility and the Seritage transaction, we have
substantially enhanced our financial flexibility and achieved our
objective of reducing our reliance on inventory as a source of
financing.  We are pleased with the outcome of the Offer, which was
in line with our expectations and helped mitigate our annualized
cash interest expense.  We intend to continue taking significant
actions to alter our capital structure, as circumstances allow, to
position Sears Holdings for success and profitability, which could
include further reductions in debt or changes in the composition of
our debt."

                             Liquidity

"Our primary need for liquidity is to fund working capital
requirements of our businesses, capital expenditures and for
general corporate purposes, including debt repayment and pension
plan contributions.  We have incurred losses and experienced
negative operating cash flows for the past several years;
accordingly, the Company has taken a number of actions to enhance
its financial flexibility and fund its continued transformation,
support its operations and meet its obligations.

As we progress in our transformation, we are primarily focusing on
profitability instead of revenues, market share and other metrics
which relate to, but do not necessarily drive profit.  This
approach may negatively impact our sales, however, it should also
reduce the risk of material profit declines.  We believe that our
focus on profitability will contribute to a meaningful performance
in 2015 and beyond.  If we continue to experience operating losses,
and we are not able to generate sufficient liquidity through some
combination of actions, the availability under our Domestic Credit
Facility might be fully utilized and we would need to secure
additional sources of funds.  Moreover, if the borrowing base (as
calculated pursuant to the indenture) falls below the principal
amount of the notes plus the principal amount of any other
indebtedness for borrowed money that is secured by liens on the
collateral for the notes on the last day of any two consecutive
quarters, it could trigger an obligation to repurchase notes in an
amount equal to such deficiency.

We also continue to take action to evolve and transition our
capital structure toward a structure that is more flexible,
long-term oriented and less dependent on inventory and receivables.
During the second quarter of 2015, the Company completed its
previously announced rights offering and sale-leaseback transaction
with Seritage Growth Properties and received aggregate gross
proceeds from the transaction of $2.7 billion.  In addition, as
discussed in Note 2, the Company completed an amendment and
extension of its existing domestic credit facility in which the
maturity date for $1.971 billion of the domestic credit facility
has been extended to July 2020,  while $1.304 billion retains the
existing maturity date of April 2016.  These actions have
substantially enhanced our liquidity and achieved our objective of
reducing our reliance on inventory as a source of financing.  We
intend to continue taking significant actions to alter our capital
structure, as circumstances allow, to position Holdings for success
and profitability, which could include further reductions in debt
or changes in the composition of our debt."

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

                        http://is.gd/pPa0Wu

                            About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused
on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

For the year ended Jan. 31, 2015, the Company reported a net loss
attributable to Holdings' shareholders of $1.68 billion compared
to a net loss attributable to Holdings' shareholders of $1.36
billion for the year ended Feb. 1, 2014.

                            *     *     *

Moody's Investors Service in January 2014 downgraded Sears
Holdings Corporate Family Rating to 'Caa1' from 'B3'.  The rating
outlook is stable.

The downgrade reflects the accelerating negative performance of
Sears' domestic business with comparable sales falling 7.4% for
the quarter to date ending January 6th, 2014 compared to the prior
year.  The company now expects domestic Adjusted EBITDA to decline
to a range of ($80 million) to $20 million for the fourth fiscal
quarter, compared with $365 million in the year prior period.  For
the full year, Sears expects domestic Adjusted EBITDA loss between
$(308) million and $(408) million, as compared to $557 million
last year.  Moody's expects full year cash burn (after capital
spending, interest and pension funding) to be around $1.2 billion
in 2013 and we expect Sears' cash burn to remain well above $1
billion in 2014.  "Operating performance for fiscal 2013 is
meaningfully weaker than our previous expectations, and we expect
negative trends in performance to persist into 2014" said Moody's
Vice President Scott Tuhy.  He added "While Sears noted improved
engagement metrics for its "Shop Your Way" Rewards program,
Moody's remains uncertain when these improved engagement metrics
will lead to stabilization of operating performance."

As reported by the TCR on March 26, 2014, Standard & Poor's
Ratings Services affirmed its ratings on the Hoffman Estate, Ill.-
based Sears Holdings Corp., including the 'CCC+' corporate credit
rating.

Fitch Ratings had downgraded its long-term Issuer Default Ratings
(IDR) on Sears Holdings Corporation (Holdings) and its various
subsidiary entities (collectively, Sears) to 'CC' from 'CCC',
according to a TCR report dated Sept. 12, 2014.


SEARS HOLDINGS: Reports Early Results of Tender Offer
-----------------------------------------------------
Sears Holdings Corporation announced the early tender results of
its previously announced tender offer to purchase for cash up to
$1,000,000,000 principal amount of its outstanding 6 5/8% Senior
Secured Notes Due 2018.  As of 5:00 p.m., New York City time, on
Aug. 14, 2015, approximately $935.6 million principal amount of the
Notes were validly tendered and not validly withdrawn in the
Offer.

The terms and conditions of the Offer are set forth in an Offer to
Purchase and related Letter of Transmittal, each dated Aug. 3,
2015.  Holders of Notes are urged to read the Offer to Purchase and
Letter of Transmittal carefully before making any decision with
respect to the Offer.  Consummation of the Offer, and payment for
the tendered Notes, is subject to the satisfaction or waiver of
certain conditions described in the Offer to Purchase.

Subject to the terms and conditions of the Offer, the Company
expects that it will accept for purchase all of the Notes validly
tendered and not validly withdrawn pursuant to the Offer at or
prior to the Early Tender Date.  Pursuant to the terms of the
Offer, holders of Notes may tender additional notes at or prior to
11:59 p.m., New York City time, on Aug. 28, 2015, unless the Offer
is earlier terminated or extended by the Company in its sole
discretion.

Holders who validly tendered and did not validly withdraw Notes at
or prior to the Early Tender Date will receive the "Total
Consideration" of $990 per $1,000 principal amount of Notes that
are accepted for purchase, which includes an early tender payment
of $30 per $1,000 principal amount of Notes accepted for purchase.
Holders who validly tender and do not validly withdraw Notes after
the Early Tender Date but at or prior to the Expiration Date will
receive the "Tender Offer Consideration" of $960 per $1,000
principal amount of Notes accepted for purchase.  In addition, in
each case holders who validly tender and do not validly withdraw
Notes will receive accrued and unpaid interest on those Notes
accepted for purchase up to, but excluding, the applicable
settlement date.

The settlement for those notes accepted by the Company in
connection with the Early Tender Date is currently expected to be
Monday, Aug. 17, 2015.  Notes tendered pursuant to the Offers may
no longer be withdrawn, unless otherwise required by law.  Notes
validly tendered and not validly withdrawn after the Early Tender
Date, and at or prior to the Expiration Time, are expected to
settle on Aug. 31, 2015.

Jefferies LLC is serving as Dealer Manager for the Offer.
Questions regarding the Offer may be directed to the Dealer Manager
at (877) 877-0696 (toll free) or (212) 284-2435 (collect).
Requests for the Offer to Purchase or the Letter of Transmittal or
the documents incorporated by reference therein may be directed to
D.F. King & Co., Inc., which is acting as the Tender Agent and
Information Agent for the Offer, at the following telephone
numbers: banks and brokers, (212) 269-5550; all others, toll free
at (800) 330-5136.  Offer materials are available at the following
Web site address:  www.dfking.com/sears.

                            About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused
on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

For the year ended Jan. 31, 2015, the Company reported a net loss
attributable to Holdings' shareholders of $1.68 billion compared
to a net loss attributable to Holdings' shareholders of $1.36
billion for the year ended Feb. 1, 2014.  As of May 2, 2015, Sears
Holdings had $13.3 billion in total assets, $14.5 billion in total
liabilities, and a $1.20 billion total deficit.

                            *     *     *

Moody's Investors Service in January 2014 downgraded Sears
Holdings Corporate Family Rating to 'Caa1' from 'B3'.  The rating
outlook is stable.

The downgrade reflects the accelerating negative performance of
Sears' domestic business with comparable sales falling 7.4% for
the quarter to date ending January 6th, 2014 compared to the prior
year.  The company now expects domestic Adjusted EBITDA to decline
to a range of ($80 million) to $20 million for the fourth fiscal
quarter, compared with $365 million in the year prior period.  For
the full year, Sears expects domestic Adjusted EBITDA loss between
$(308) million and $(408) million, as compared to $557 million
last year.  Moody's expects full year cash burn (after capital
spending, interest and pension funding) to be around $1.2 billion
in 2013 and we expect Sears' cash burn to remain well above $1
billion in 2014.  "Operating performance for fiscal 2013 is
meaningfully weaker than our previous expectations, and we expect
negative trends in performance to persist into 2014" said Moody's
Vice President Scott Tuhy.  He added "While Sears noted improved
engagement metrics for its "Shop Your Way" Rewards program,
Moody's remains uncertain when these improved engagement metrics
will lead to stabilization of operating performance."

As reported by the TCR on March 26, 2014, Standard & Poor's
Ratings Services affirmed its ratings on the Hoffman Estate, Ill.-
based Sears Holdings Corp., including the 'CCC+' corporate credit
rating.

Fitch Ratings had downgraded its long-term Issuer Default Ratings
(IDR) on Sears Holdings Corporation (Holdings) and its various
subsidiary entities (collectively, Sears) to 'CC' from 'CCC',
according to a TCR report dated Sept. 12, 2014.


SEBRING MANAGEMENT: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

         Debtor                                      Case No.
         ------                                      --------
         Sebring Management FL, LLC                  15-08589
         13535 Feather Sound Drive
         Suite 100
         Clearwater, FL 33762

         Sebring Dental of Arizona, L.L.C.           15-08590

         Sebring Software, Inc.                      15-08591

         AAR Acquisition, L.L.C.                     15-08592      
          

Type of Business: Dental practice management services

Chapter 11 Petition Date: August 23, 2015

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Debtors' Counsel: Jay B Verona, Esq.
                  SHUMAKER, LOOP & KENDRICK, LLP
                  Bank of America Plaza
                  101 East Kennedy Boulevard, Suite 2800
                  Tampa, FL 33602
                  Tel: 813-229-7600
                  Fax: 813-229-1660
                  Email: jverona@slk-law.com

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

Estimated Liabilities: $10 million to $50 million

The petition was signed by Leif W. Anderson, chief executive
officer.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Simon Orthodontic                    Breach of         $925,000
Centers, PA                         Promissory
13716 SW 84th St.                      Note
Kendall, FL 33183

Orthodontic Centers                                    $353,049
of Florida, Inc.
3850 N Causeway
Blvd, Suite 800
Metairie, LA 70002

Hani Taddros, DDS                                      $255,593

1960 East Bay Dr.

Largo, FL 33771

Dr. Dennis Buchman                                      $48,031


Hani Tadros                       Wages, salaries       $17,766
                                  and commissions

Piero Palacios                    Wages, salaries       $13,650
                                  and commissions

Mitra Parsa                       Wages, salaries       $12,000
                                  and commissions

Diversified Practice                Consultant          $10,800
Solutions, LLC

Jason Barlock                     Wages, salaries       $10,500
                                  and commissions

Leo Durrett                                             $10,500

Molly McCarty                                           $10,000

Peter Weber                       Wages, salaries        $9,000
                                  and commissions

Seanica How                                              $8,000

Keisha Alexander                  Wages, salaries        $7,000
                                  and commissions

Justin Chisari                    Wages, salaries        $6,600
                                  and commissions

James Hodge                                              $6,000

Kevin Brown                                              $6,000

Alan Shoopak                      Wages, salaries        $4,500
                                  and commissions

Mitchell Ellingson                Wages, salaries        $4,267
                                  and commissions

MME Consulting, Inc.                Consultant           $4,212


SIGNAL INT'L: Latham, Bayard File Amended Rule 2019 Statement
-------------------------------------------------------------
Latham & Watkins LLP and Bayard P.A. filed an amended statement
regarding their representation of a group of claimants of Signal
International Inc. and its affiliates.

The law firms disclosed that they also represent a certain Xavier
Disoliyan, one of the claimants who sued the company and Signal
International LLC over an alleged scheme to traffic them into the
United States to provide labor for the companies.

The lawsuit, styled Achari v. Signal International LLC, was filed
in May last year.  A list of the claimants is available for free at
http://is.gd/UDSFA5

The law firms made the disclosure pursuant to Rule 2019 of the
Federal Rules of Bankruptcy Procedure.

                    About Signal International

Signal International Inc. -- http://www.signalint.com/-- primarily
engages in the business of offshore drilling rig overhaul, repair,
upgrade, and conversion, as well as new shipbuilding construction.
Additionally, Signal provides services to the general marine and
heavy fabrication markets for barges, power plants, and modular
construction.  

Signal International, LLC ("SI LLC"), was organized on Dec. 6,
2002, as a limited liability company after acquiring the assets of
the Offshore Division of Friede Goldman Halter from bankruptcy.  SI
Inc. was incorporated on Oct. 12, 2007, and began operations with
offshore fabrication and repair in Mississippi.  Today, Signal's
corporate headquarters are in Mobile, Alabama, with operations in
Alabama and Mississippi, and a sales office in Texas.

On Oct. 3, 2014, Signal International Texas, L.P., sold
substantially all of its assets to Westport Orange Shipyard, LLC,
in a partially seller-financed transaction for a total purchase
price of $35,900,000.  As part of the transaction, Westport
provided a down payment of $7,000,000 and delivered a promissory
note in the principal amount of $28,900,000 to SI Texas due on or
before Oct. 3, 2019 (the "Texas Note").

On July 12, 2015, SI Inc. and its direct and indirect wholly owned
subsidiaries, including SI LLC, commenced cases under chapter 11 of
title 11 of the United States Code (Bankr. D. Del. Lead Case No.
15-11498).

The Debtors tapped Young Conaway Stargatt & Taylor LLP as
bankruptcy counsel, Hogan Lovells US LLP as general corporate
counsel, GGG Partners, LLC, as financial and restructuring
advisors, and Kurtzman Carson Consultants LLC as claims and
noticing agent.

Signal International Inc. estimated $10 million to $50 million in
assets and $50 million to $100 million in debt.


SIGNAL INT'L: Proposes Oct. 21 Auction of Assets
------------------------------------------------
Signal International, Inc., et al., seek authority from the United
States Bankruptcy Court for the District of Delaware to sell
substantially all of their assets to the Teachers' Retirement
System of Alabama and the Employees' Retirement System of Alabama.

Under the Stalking Horse APA, the aggregate consideration for the
sale and transfer of the Acquired Assets will consist of (a) cash
in the amount of the Unsecured Creditor Claim Cash in the sum of
$400,000, (b) the assumption of the Assumed Liabilities, and (c) a
credit bid against the indebtedness owing under the DIP Loan
Documents and the Pre-Petition Loan Documents in an amount equal to
the Credit Bid Amount.  The Credit Bid Amount means the aggregate
amount of all principal, interest, fees, reimbursable expenses and
other agreed charges owing under (i) the DIP Loan Documents, and
(ii) the Prepetition Loan Documents, as of the date of the Auction.
Not less than two days prior to the Date of the Auction, the
Purchaser will confirm the amount of the Credit Bid in writing.
The current outstanding principal amount under the Pre-Petition
Loan Documents is in excess of $70 million.

To maximize the value of their assets, the Debtors ask the Court to
approve procedures governing the bidding and auction of the
assets.  To be considered a "Qualified Bid" under the Sales and
Bidding Procedures, any bid submitted by a Potential Bidder, other
than the bid of the Stalking Horse Bidder, must be delivered in
writing to the Bid Notice Parties by no later than 5:00 p.m.
(Prevailing Eastern Time) on October 13, 2015.  If a Qualified Bid,
other than that submitted by the Stalking Horse Bidder, has been
received by the Debtors prior to the Bid Deadline from a Qualified
Bidder, the Debtors will conduct an Auction with respect to the
Debtors’ Assets.  If the Auction will occur, the Auction shall be
conducted at the offices of Young Conaway Stargatt & Taylor, LLP,
in Wilmington, Delaware, at 10:00 a.m. (Prevailing Eastern Time) on
October 21, 2015.

The Debtors explained that due to their declining revenue,
liquidity constraints, and mounting litigation expenses and claims,
the Debtors and their advisors determined that an out-of-court
restructuring was not achievable.  The Debtors and their advisors
began to actively market the Acquired Assets to maximize creditor
recoveries.  The Debtors sought out DIP financing and ultimately
negotiated with the DIP Lenders to obtain $20 million of
postpetition financing, which the Debtors believe will provide them
with sufficient liquidity to conduct an orderly sale process.  The
DIP Facility contains certain milestones in connection with
conducting a Section 363 sale process that are intended to provide
the Debtors with sufficient runway to conduct a robust marketing
and sale process, while ensuring that the process progresses on a
timeline that preserves value and minimizes any deterioration of
the Debtors' business.

Buckley and Son Fabrication & Construction, Inc., filed a limited
objection, asserting that it sold the family business they had been
operating for decades including all equipment and two tracts of
land upon which the facilities were located to Signal International
Texas GP, LLC.  Buckley related that it financed $1,500,000 of the
total sale price of $2,100,000, which was evidenced by a Promissory
Note.  Under the terms of the Promissory Note, Signal International
Texas, GP, LLC, was required to make monthly installment payments
of $17,805, commencing on September 24, 2007, and continuing to
August 24, 2017, on which date the entire unpaid principal then
owing will be due and owning.  Buckley has a perfected first
security interest in the property identified in the Deed of Trust,
but the Debtors have failed to identify this interest and/or have
sought to sell the property free and clear of liens.  Buckley tells
the Court that it is not opposed to the sale subject to payment in
full of the lien at closing, however Buckley is not willing to
waive any claims.  Should the proposed sale fail to yield
sufficient proceeds to pay Buckley in full at closing, the Debtors
cannot sell the property, Buckley asserts.

Pinto Island Land Company, Inc., also filed a limited objection,
saying it objects to any attempt by the Debtors to mortgage,
encumber, hypothecate, or otherwise pledge the Leasehold, as well
as any attempt to grant access or occupancy rights to the Premises.
There is no authority for any action under the Bankruptcy Code,
and allowing any action would prejudice Pinto's rights under the
Lease and its interests in the Premises.

Signal International Inc., et al. are represented by:

          M. Blake Cleary, Esq.
          Kenneth J. Enos, Esq.
          Jaime Luton Chapman, Esq.
          Travis G. Buchanan, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          Rodney Square
          1000 North King Street
          Wilmington, DE 19801
          Tel: (302) 571-6600
          Fax: (302) 571-1253
          Email: mbcleary@ycst.com
                 kenos@ycst.com
                 jchapman@ycst.com
                 tbuchanan@ycst.com

Buckley and Son Fabrication & Construction, Inc. is represented
by:

          Rachel B. Mersky, Esq.
          MONZACK, MERSKY, MCLAUGHLIN & BROWDER, P.A.
          1201 N. Orange Street, Suite 400
          Wilmington, DE 19801
          Tel: (302) 656-8162
          Fax: (302) 656-2769
          Email: rmersky@monlaw.com

Pinto Island Land Company, Inc. is represented by:

          Christopher D. Loizides, Esq.
          LOIZIDES, P.A.
          1225 King Street, Suite 800
          Wilmington, DE 19801
          Tel: (302) 654-0248
          Fax: (302) 654-0728
          Email: loizides@loizides.com

             -- and --

          Lawrence B. Voit, Esq.
          SILVER VOIT & THOMPSON, P.C.
          4317-A Midmost Drive
          Mobile, AL 36609-5589
          Tel: (251) 343-0800
          Fax: (251) 343-0852
          E-mail: lvoit@silvervoit.com

                     About Signal International

Signal International Inc. -- http://www.signalint.com/-- primarily
engages in the business of offshore drilling rig overhaul, repair,
upgrade, and conversion, as well as new shipbuilding construction.


Additionally, Signal provides services to the general marine and
heavy fabrication markets for barges, power plants, and modular
construction.  

Signal International, LLC ("SI LLC"), was organized on Dec. 6,
2002, as a limited liability company after acquiring the assets of
the Offshore Division of Friede Goldman Halter from bankruptcy.  SI
Inc. was incorporated on Oct. 12, 2007, and began operations with
offshore fabrication and repair in Mississippi.  

Today, Signal's corporate headquarters are in Mobile, Alabama, with
operations in Alabama and Mississippi, and a sales office in
Texas.

On Oct. 3, 2014, Signal International Texas, L.P., sold
substantially all of its assets to Westport Orange Shipyard, LLC,
in a partially seller-financed transaction for a total purchase
price of $35,900,000.  As part of the transaction, Westport
provided a down payment of $7,000,000 and delivered a promissory
note in the principal amount of $28,900,000 to SI Texas due on or
before Oct. 3, 2019 (the "Texas Note").

On July 12, 2015, SI Inc. and its direct and indirect wholly owned
subsidiaries, including SI LLC, commenced cases under chapter 11 of
title 11 of the United States Code (Bankr. D. Del. Lead Case No.
15-11498).

The Debtors tapped Young Conaway Stargatt & Taylor LLP as
bankruptcy counsel, Hogan Lovells US LLP as general corporate
counsel, GGG Partners, LLC, as financial and restructuring
advisors, and Kurtzman Carson Consultants LLC as claims and
noticing agent.

Signal International Inc. estimated $10 million to $50 million in
assets and $50 million to $100 million in debt.


SOLERA HOLDINGS: S&P Puts 'BB-' CCR on CreditWatch Negative
-----------------------------------------------------------
Standard & Poor's Ratings Services said it placed all of its
ratings, including its 'BB-' corporate credit rating, on Westlake,
Texas-based Solera Holdings Inc. on CreditWatch with negative
implications following the company's announcement that it is
undertaking a strategic review.

"The CreditWatch listing reflects our expectation that the
company's strategic review may result in increased leverage or the
potential adoption of a more aggressive financial policy," said
Standard & Poor's credit analyst Peter Bourdon.

S&P currently views Solera's financial risk profile as
"aggressive," as defined in S&P's criteria, which implies a
leverage level below 5x.  S&P had revised the outlook on July 13,
2015 to negative due to an increase in the company's pro forma
leverage level to 5.4x at that time.

S&P expects to resolve its CreditWatch listing when Solera
completes its strategic review.



SPENDSMART NETWORKS: Stockholders Elect Eight Directors
-------------------------------------------------------
Spendsmart Networks, Inc., held its annual meeting of stockholders
on Aug. 11, 2015, at which the stockholders:

   (1) elected Alex Minicucci, John Eyler, Isaac Blech, Joseph
       Proto, Cary Sucoff, Patrick Kolenik, Ka Cheong Christopher
       Leong and Jerold Rubinstein to serve on Company's Board of
       Directors until their successors are duly elected and
       qualified;

   (2) ratified the appointment of EisnerAmper LLP as the
       Company's independent registered public accounting firm for
       the fiscal year 2015; and

   (3) approved the compensation of the named executive officers
       of the Company.

                      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 June 30, 2015, the Company had $9.99 million in total assets,
$3.61 million in total liabilities and $6.37 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.


SUNVALLEY SOLAR: Posts $238,000 Net Loss for Second Quarter
-----------------------------------------------------------
Sunvalley Solar, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $238,387 on $143,682 of revenues for the three months ended June
30, 2015, compared to a net loss of $273,896 on $17,580 of revenues
for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $272,613 on $1.06 million of revenues compared to a net
loss of $488,155 on $19,628 of revenues for the same period a year
ago.

As of June 30, 2015, the Company had $6.12 million in total assets,
$5.79 million in total liabilities and $322,766 in total
stockholders' equity.

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

                        http://is.gd/scFklr

                       About Sunvalley Solar

Sunvalley Solar, Inc., is a California-based solar power
technology and system integration company.  Since the inception of
its business in 2007, the company has focused on developing its
expertise and proprietary technology to install residential,
commercial and governmental solar power systems.

Sunvalley Solar reported a net loss of $1.28 million on $3.31
million of revenues for the year ended Dec. 31, 2014, compared with
net income of $764,000 on $4.09 million of revenues for the year
ended Dec. 31, 2013.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has an accumulated deficit of $3.65 million, which raises
substantial doubt about its ability to continue as a going concern.


TENNVADA HOLDINGS: Bankruptcy Court's Trial Ruling Reversed
-----------------------------------------------------------
Judge Gloria M. Navarro of the United States District Court for the
District of Nevada reversed a trial ruling of the United States
Bankruptcy Court for the District of Nevada finding that Frey
Irrevocable Trust had a secured claim against Tennvada Holdings 1,
LLC, and that Kowalski Trust and Ruth Maasarani Trust had unsecured
claims against the debtor's estate.

In December 2007, Integrated Financial Associates made a loan to
1837 Tennvada Investments for $2,750,000 which funded 1837's
purchase of a hotel in Memphis, Tennessee.  IFA secured its loan
with a deed of trust on the hotel which was recorded in Tennessee
on December 31, 2007.

During 1837's bankruptcy, the bankruptcy court approved two
debtor-in-possession loans from the appellees.  Frey, in an attempt
to secure the first DIP loan, recorded a deed of trust on the
hotel, but failed to provide a description of the property or
street address.  Kowalski and Maasarani never recorded a deed of
trust to secure the second DIP loan.

Subsequent to the dismissal of 1837's bankruptcy, IFA initiated
foreclosure proceedings on the IFA Deed of Trust, and on December
28, 2010, the hotel was sold to Tennvada at a trustee's sale.  IFA
is the manager of Tennvada.

On February 16, 2011 IFA and the appellees executed an agreement
where IFA agreed to acknowledge the superior priority and secured
status of the DIP Loans and waived all objections to the perfection
and enforceability of the priority status of the DIP Loans.

On April 3, 2012, Tennvada filed an adversary proceeding seeking a
determination that the appellees do not have a claim against it.

On September 9, 2014, the bankruptcy court issued its trial ruling,
holding that Frey held a secured claim against Tennvada's estate
and Kowalski and Maasarani held unsecured claims against Tennvada's
estate.

On appeal, Judge Navarro found that the trial record clearly
established that the parties to the 2011 Agreement were mistaken as
to the perfection of the DIP Loans and this fact is vital to the
bargain of the 2011 Agreement.  As such, Judge Navarro held that
the mutual mistake warrants recission of the 2011 Agreement.  The
judge concluded that because the DIP Loans were unperfected at the
time of the IFA foreclosure, the IFA foreclosure terminated the
interests held by the appellees.  Thus, the appellees do not hold
claims against Tennvada's estate.

The case is TENNVADA HOLDINGS 1, LLC, Appellant, v. FREY
IRREVOCABLE TRUST, KOWALSKI TRUST, and RUTH MAASARANI TRUST,
Appellees, Case No. 2:14-cv-02090-GMN (D. Nev.).

A full-text copy of Judge Navarro's July 31, 2015 order is
available at http://is.gd/l7nIl5from Leagle.com.  

Tennvada Holdings 1, LLC is represented by:

          Timothy P. Thomas, Esq.
          LAW OFFICES OF TIMOTHY P. THOMAS, LLC
          1771 E. Flamingo Rd. Suite B-212
          Las Vegas, NV 89119
          Tel: (702) 227-0011
          Fax: (702) 227-0015

Frey Irrevocable Trust, Kowalski Trust and Ruth Masarani Trust is
represented by:

          Neil J. Beller, Esq.
          NEIL J. BELLER LTD
          7408 W Sahara Ave
          Las Vegas, NV 89117
          Tel: (702) 368-7767
          Email: nbeller@njbltd.com

            -- and --

          Timothy Cory, Esq.
          TIMOTHY S. CORY & ASSOCIATES
          3016 W Charleston Boulevard
          Las Vegas, NV 89102
          Tel: (702) 880-0688
        
                About Tennvada Holdings

Tennvada Holdings 1, LLC, based in Las Vegas, filed for Chapter 11
bankruptcy (Bankr. D. Nev. Case No. 11-24135) on Sept. 2, 2011.
Judge Linda B. Riegle was assigned to the case.  The Law Offices of
Timothy P. Thomas -- TTHOMAS@TTHOMASLAW.COM -- serves as the
Debtor's counsel.  In its petition, the Debtor scheduled $1,000,000
in assets and $3,271,345 in debts.  The petition was signed by
William Dyer.

Debtor-affiliates that filed separate Chapter 11 petitions are:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
325 Paso Holdings                      10-34204   12/30/10
Integrated Financial Associates, Inc.  11-13537   03/14/11
Isleton Land Holdings, LP              11-12552   02/25/11
Ranches Holdings, LLC                  11-13006   03/04/11


THORNTON & CO: Needs Until Aug. 28 to File Schedules
----------------------------------------------------
Thornton & Co., Inc., asks the U.S. Bankruptcy Court for the
District of Connecticut, Hartford Division, to extend until Aug.
28, 2015, its deadline to file schedules of assets and liabilities
and statement of financial affairs.

According to the Debtor, its petition was filed in considerable
haste.  The Debtor tells the Court that it urgently needed the
protections of Chapter 11, because of (1) the recent steep decline
in the price of petroleum, which is a foundational component of the
Debtor's inventory, and (2) a breakdown in negotiations with the
Debtor's primary secured lender, People's United Bank.

Jeffrey M. Sklarz, Esq., and Nicholas W. Quesenberry, Esq., at
Green & Sklarz LLC, in New Haven, Connecticut, represent the
Debtor.

                       About Thornton & Co.

Thornton & Co., Inc. is an international distributor, trader and
wholesaler of plastic resins, providing a full offering of
polyethylene and polypropylene products.  J. Paul Thornton, Jr.
founded TCI in 1994.  As of Aug. 1, 2015, TCI had 20 employees,
consisting of 12 people at its Southington, Connecticut
headquarters, and 8 sales representatives who work in various
locations.

Thornton & Co. sought Chapter 11 protection (Bankr. D. Conn. Case
No. 15-21416) on Aug. 10, 2015, in Hartford, Connecticut.  Judge
Ann M. Nevins presides over the case.

The Debtor estimated $10 million to $50 million in assets and
debt.

The Debtor has tapped Green & Sklarz LLC as counsel, and Gordian
Group as financial advisor.

There's a meeting of creditors under 11 U.S.C. Sec. 341(a) on Sept.
4, 2015.  Proofs of claim are due by Dec. 3, 2015.


THORNTON & CO: Seeks to Probe PUB, Execs Under Rule 2004(a)
-----------------------------------------------------------
Thornton & Co., Inc., pursuant to Rule 2004(a) of the Federal Rules
of Bankruptcy Procedure, sought and obtained authority from the
U.S. Bankruptcy Court for the District of Connecticut, Hartford
Division, to examine People's United Bank, NA; Paul Flynn,
executive vice president of asset-based lending at PUB; and Jeffrey
Giunta, vice president at PUB; with both attendance and production
of documents, and whether by agreement or by issuance of a
subpoena.

The Debtor asserted that a Rule 2004 examination of PUB and its
executives is appropriate, in order to permit the Debtor, the
United States Trustee, creditors, and the Court better to
understand what drove the Debtor into bankruptcy, and how to chart
a path forward for the maximum benefit of all parties in interest.

                        About Thornton & Co.

Thornton & Co., Inc. is an international distributor, trader and
wholesaler of plastic resins, providing a full offering of
polyethylene and polypropylene products.  J. Paul Thornton, Jr.
founded TCI in 1994.  As of Aug. 1, 2015, TCI had 20 employees,
consisting of 12 people at its Southington, Connecticut
headquarters, and 8 sales representatives who work in various
locations.

Thornton & Co. sought Chapter 11 protection (Bankr. D. Conn. Case
No. 15-21416) on Aug. 10, 2015, in Hartford, Connecticut.  Judge
Ann M. Nevins presides over the case.

The Debtor estimated $10 million to $50 million in assets and
debt.

The Debtor has tapped Green & Sklarz LLC as counsel, and Gordian
Group as financial advisor.


THORNTON & CO: US Trustee, Creditors Object to Proposed Cash Use
----------------------------------------------------------------
William K. Harrington, the United States Trustee for Region 2,
People's United Bank, N.A., and Westlake Polymers LLC, Westlake
Longview Corporation, and Equistar Chemicals, LP, object to
Thornton & Co., Inc.'s request to use cash collateral securing its
prepetition indebtedness.

The United States Trustee for Region 2 tells the U.S. Bankruptcy
Court for the District of Connecticut, Hartford Division, that he
takes no present position on the Motion until he is able to review
any responses from the Debtor's secured creditors, except that he
supports the Debtor's assertion that replacement liens will not be
granted upon "claims and/or causes of action arising under Chapter
5 of Title 11, 11 U.S.C. Section 501 et seq."

PUB asserts that the Debtor's use of cash collateral fails to
properly provide for adequate protection of the Bank's interests in
its collateral.  The Debtor is indebted to the Bank for the total
amount of $19,858,024, which consists of the amount of principal
and interests under its obligations to the Bank, additional
interest, attorneys's fees and costs of collection.

PUB's counsel, Scott D. Rosen, Esq., at Cohn Birnbaum & Shea P.C.,
in Hartford, Connecticut, relates that the Debtor's purported plan
in its Chapter 11 case is not a reorganization but rather a
liquidation over the next six months.  Mr. Rosen tells the Court
that the Bank's claims are actually undersecured or only marginally
collateralized on a liquidation basis and any diminution in the
Bank's collateral will likely result in a significant loss for the
Bank.  He further tells the Court that the Debtor's motion fails to
demonstrate that the Bank's claims are adequately protected during
the Debtor's self-liquidation.  He contends that at a minimum, the
Debtor should be required to make interest payments at the
contractual default rate of interest.

Westlake endorses the Debtor's and U.S. Trustee's point of view
that replacement liens should not extend to "claims and/or causes
of action arising under Chapter 5 of Title 11, 11 U.S.C. Section
501, et seq."  Westlake also alleges that absent a a secured
creditor providing Debtor with new inflows of cash, post-petition
receipts should not be applied to pay existing, prepetition debt to
that purportedly secured creditor in an amount exceeding the new
inflows of cash prior to it being determined whether the value of
the collateral securing the debt to that creditor does or does not
exceed the amount of the debt.  Westlake further alleges that
otherwise, a creditor that is not fully secured will be receiving
preferential treatment over other creditors holding unsecured
claims in the bankruptcy case.

William K. Harrington, United States Trustee for Region 2, is
represented by:

          Steven E. Mackey, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          Giaimo Federal Building, Room 302
          150 Court Street
          New Haven, CT 06510
          Telephone: (203)773-2210

People's United Bank, N.A. is represented by:         

          Scott Rosen, Esq.
          COHN BIRNBAUM & SHEA P.C.
          100 Pearl Street, 12th Floor
          Hartford, CT 06103
          Telephone: (860)493-2200
          Facsimile: (860)727-0361
          Email: srosen@cbshealaw.com

             -- and --

          James C. Fox, Esq.
          Brendan C. Recupero, Esq.
          RUBERTO, ISRAEL & WEINER, P.C.
          255 State Street, 7th Floor
          Boston, MA 02109
          Telephone: (617)742-4200
          Email: jcf@riw.com
                 bcr@riw.com

Westlake Polymers LLC, et. al. are represented by:    

          James J. Tancredi, Esq.
          DAY PITNEY LLP
          242 Trumbull Street
          Hartford, CT 06103
          Telephone: (860)275-0331
          Facsimile: (860)881-2471
          Email: jjtancredi@daypitney.com
          
             -- and --

          Mark S. Finkelstein, Esq.
          SHANNON, MARTIN, FINKELSTEIN,
          ALVARADO & DUNNE, P.C.
          1001 McKinney Street, Suite 1100
          Houston, TX 77002-6424
          Telephone: (713)646-5503
          Facsimile: (713)752-0337
          Email: mfinkelstein@smfadlaw.com

                   About Thornton & Co.

Thornton & Co., Inc. is an international distributor, trader and
wholesaler of plastic resins, providing a full offering of
polyethylene and polypropylene products.  J. Paul Thornton, Jr.
founded TCI in 1994.  As of Aug. 1, 2015, TCI had 20 employees,
consisting of 12 people at its Southington, Connecticut
headquarters, and 8 sales representatives who work in various
locations.

Thornton & Co. sought Chapter 11 protection (Bankr. D. Conn. Case
No. 15-21416) on Aug. 10, 2015, in Hartford, Connecticut.  Judge
Ann M. Nevins presides over the case.

The Debtor estimated $10 million to $50 million in assets and
debt.

The Debtor has tapped Green & Sklarz LLC as counsel, and Gordian
Group as financial advisor.

There's a meeting of creditors under 11 U.S.C. Sec. 341(a) on
Sept.
4, 2015.  Proofs of claim are due by Dec. 3, 2015.


TRANS ENERGY: TH Exploration Terminates Purchase Agreement
----------------------------------------------------------
TH Exploration, LLC, provided notice to Trans, Energy, Inc.
regarding the termination of a purchase and sale agreement dated
April 3, 2015.

Trans Energy and its wholly owned subsidiaries American Shale
Development, Inc. and Prima Oil Company, Inc., along with Republic
Energy Ventures, LLC, Republic Partners VIII, LLC, Republic
Partners VI, LP, Republic Partners VII, LLC, and Republic Energy
Operating, LLC, entered into the PSA pursuant to which the Sellers
agreed to sell certain interests located in Wetzel County, West
Virginia, including 5,159 net acres held by the Company and the
Company's interest in twelve Marcellus producing wellbores, to TH
Exploration.

On July 30, 2015, the Buyer elected to formally extend the
expiration date of the PSA until Aug. 14, 2015.

The Company believes that the PSA terminated as a result of that
notice.  No assets were sold under the PSA.

                         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 $12.5 million on $27.2 million
of total operating revenues for the year ended Dec. 31, 2014,
compared with a net loss of $17.7 million on $18.4 million of total
operating revenues for the year ended Dec. 31, 2013.

As of March 31, 2015, the Company had $123 million in total assets,
$139 million in total liabilities, and a $15.4 million total
stockholders' deficit.


TRIBUNE CO: 3rd Circ. Partially Affirms Dismissal of Plan Appeals
-----------------------------------------------------------------
The United States Court of Appeals for the Third Circuit, affirmed
in part, and reversed in part, a district court's dismissal of the
appeals filed by Aurelius Capital Management, L.P., the Law
Debenture Trust Company of New York, and Deutsche Bank Trust
Company Americas from the bankruptcy court's order confirming
Tribune Media Company's Chapter 11 plan of reorganization.

The Third Circuit agreed with the District Court that Aurelius'
appeal, which seeks to undo the crucial component of the now
consummated plan, should be deemed moot.  The Aurelius appeal
sought to undo the settlement of the causes of action against the
Leveraged Buy-out lenders, directors and officers of old Tribune,
Sam Zell, and others, that were brought about by the leveraged
buy-out of the old Tribune by Zell.  Aurelius believes that the
LBO-Related Causes of Action are worth far more than the examiner
or Bankruptcy Court thought and that it can get a great deal more
money in litigation than it got under the settlement.

The Third Circuit reversed the District Court's dismissal and
remanded the case with respect to the Trustee's Appeal.  The Third
Circuit held that the Trustee's Appeal seeks disgorgement from
other creditors of $30 million that the Trustees believe they are
contractually entitled to receive.  The Third Circuit held that
since the relief the Trustee's request would neither jeopardize the
$7.5 billion plan of reorganization nor harm third parties who have
justifiably relied on plan confirmation, their appeal is not
equitably moot.

The case is IN RE: TRIBUNE MEDIA COMPANY f/k/a Tribune Company,
f/k/a Times Mirror Corporation, et al., Debtor AURELIUS CAPITAL
MANAGEMENT, L.P., Appellant (14-3332), DEUTSCHE BANK TRUST COMPANY
AMERICAS; LAW DEBENTURE TRUST COMPANY OF NEW YORK, Appellant, Nos.
14-3332, 14-3333.

A full-text copy of Judge Ambro's Opinion of the Court dated August
19, 2015 is available at http://is.gd/iXmNpifrom Leagle.com.

Aurelius Capital Management, L.P. and Law Debenture Trust Company
of New York are represented by:

          Roy T. Englert, Jr., Esq.
          Matthew M. Madden, Esq.
          Hannah W. Riedel, Esq.
          Mark T. Stancil, Esq.
          ROBBINS, RUSSELL, ENGLERT,
          ORSECK, UNTEREINER & SAUBER
          1801 K. Street, N.W.
          Suite 411-L
          Washington, D.C. 20006
          Telephone: (202)775-4500
          Facsimile: (202)775-4510
          Email: renglert@robbinsrussell.com
                 mmadden@robbinsrussell.com
                 mstancil@robbinsrussell.com

Deutsche Bank Trust Company Americas is represented by:

          David J. Adler, Esq.
          MCCARTER & ENGLISH
          245 Park Avenue, 27th Floor
          New York, NY 10167
          Telephone: (212)609-6800
          Facsimile: (212)609-6921
          Email: dadler@mccarter.com

             -- and --

          Katharine L. Mayer, Esq.
          MCCARTER & ENGLISH
          405 North King Street
          Renaissance Centre, 8th Floor
          Wilmington, DE 19801
          Telephone: (302)984-6300
          Facsimile: (302)984-6399
          Email: kmayer@mccarter.com

Tribune Media Company is represented by:

          James F. Bendernagel, Jr., Esq.
          SIDLEY AUSTIN
          1501 K Street, N.W.
          Washington, DC 20005
          Telephone: (202)736-8000
          Facsimile: (202)736-8711
          Email: jbendernagel@sidley.com

             -- and --

          James O. Johnson, Esq.
          JONES DAY
          555 South Flower Street, 50th Floor
          Los Angeles, CA 90071
          Telephone: (213)489-3939
          Facsimile: (213)243-2539
          Email: jjohnson@jonesday.com

             -- and --

          Candice L. Kline, Esq.
          Jeffrey C. Steen, Esq.
          SIDLEY AUSTIN
          One South Dearborn Street
          Chicago, IL 60603
          Telephone: (312)835-7000
          Facsimile: (312)835-7036
          Email: candice.kline@sidley.com
                 jsteen@sidley.com

             -- and --   

          J. Kate Stickles, Esq.
          COLE SCHOTZ
          500 Delaware Avenue, Suite 1410
          Wilmington, DE 19801
          Telephone: (302)652-3131
          Facsimile: (302)652-3117
          Email: kstickles@coleschotz.com

                         About Tribune Co.

Chicago, Illinois-based Tribune Co. -- http://www.tribune.com/--  
and 110 of its affiliates filed for Chapter 11 protection (Bankr.
D. Del. Lead Case No. 08-13141) on Dec. 8, 2008.  The Debtors
proposed Sidley Austin LLP as their counsel; Cole, Schotz, Meisel,
Forman & Leonard, PA, as Delaware counsel; Lazard Ltd. and Alvarez
& Marsal North America LLC as financial advisors; and Epiq
Bankruptcy Solutions LLC as claims agent.  As of Dec. 8, 2008, the
Debtors listed $7,604,195,000 in total assets and $12,972,541,148
in total debts.  Chadbourne & Parke LLP and Landis Rath LLP served
as co-counsel to the Official Committee of Unsecured Creditors.
AlixPartners LLP served as the Committee's financial advisor.
Landis Rath Moelis & Company served as the Committee's investment
banker.  Thomas G. Macauley, Esq., at Zuckerman Spaeder LLP, in
Wilmington, Delaware, represented the Committee in connection with
the lawsuit filed against former officers and shareholders for the
2007 LBO of Tribune.

Protracted negotiations and mediation efforts and numerous
proposed plans of reorganization filed by Tribune Co. and
competing creditor groups delayed Tribune's emergence from
bankruptcy.  Many of the disputes among creditors center on the
2007 leveraged buyout fraudulence conveyance claims, the
resolution of which is a key issue in the bankruptcy case.

Judge Kevin J. Carey issued an order dated July 13, 2012,
overruling objections to the confirmation of Tribune Co. and its
debtor affiliates' Plan of Reorganization.  In November 2012,
Tribune received approval from the Federal Communications
Commission to transfer media licenses, one of the hurdles to
implementing the reorganization plan.  Aurelius Capital Management
LP failed in halting implementation of the plan pending appeal.

Tribune Co. exited Chapter 11 protection Dec. 31, 2012, ending
four years of reorganization.  The reorganization allowed a group
of banks and hedge funds, including Oaktree Capital Management and
JPMorgan Chase & Co., to take over the media company.


TRISTAR WELLNESS: Appoints Michael Wax Interim CFO
--------------------------------------------------
TriStar Wellness Solutions, Inc.'s Board of Directors appointed Mr.
Michael Wax to the position of interim chief financial officer (the
Company's principal accounting officer).  Mr. Wax is not related to
any of the Company's current officers or directors by family or
marriage.  The Company's Board of Directors will be conducting a
search for a permanent chief financial officer and the Company
plans to hire a permanent chief financial officer as soon as
possible.

Mr. Michael Wax is the Company's current interim chief executive
officer, the Company's chief development officer and a member of
the Company's Board of Directors.  He is also president & CEO of
HemCon Medical Technologies, Inc., the Company's wholly-owned
subsidiary.

Mr. Wax does not own any shares of common stock but owns warrants
to purchase 550,000 shares of the Company's common stock at $1.00
per share. Currently, Mr. Wax is not compensated for his services
as a member of the Company's Board of Directors.

                      About TriStar Wellness

TriStar Wellness Solutions, Inc., offers products and technologies
in the areas of wound care, women's health and therapeutic skin
care.  The Company is based in Westport, Connecticut.

TriStar Wellness reported a net loss of $8.87 million on $5.54
million of sales revenue for the year ended Dec. 31, 2014, compared
to a net loss of $12.6 million on $3.77 million of sales revenue
for the year ended Dec. 31, 2014.

As of March 31, 2015, the Company had $2.69 million in total
assets, $14.9 million in total liabilities and a $12.2 million
total stockholders' deficit.

M&K CPAS, PLLC, in Houston, TX, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered
reoccurring losses from operations, and has an accumulated deficit
and working capital deficit as of Dec. 31, 2014.  These conditions
raise substantial doubt about its ability to continue as a going
concern.


TRISTAR WELLNESS: Delays Filing of Second Quarter Form 10-Q
-----------------------------------------------------------
TriStar Wellness Solutions, Inc., filed with the U.S. Securities
and Exchange Commission a Notification of Late Filing on Form
12b-25 with respect to its quarterly report on Form 10-Q for the
quarter ended June 30, 2015.   

"Partly due to the resignation of our Chief Financial Officer, Dave
Horin, on August 4, 2015, data and other information regarding
certain material operations of the Company, as well as its
financial statements required for the filing, are not currently
available and could not be made available without unreasonable
effort and expense," according to the regulatory filing.

                      About TriStar Wellness

TriStar Wellness Solutions, Inc., offers products and technologies
in the areas of wound care, women's health and therapeutic skin
care.  The Company is based in Westport, Connecticut.

TriStar Wellness reported a net loss of $8.87 million on $5.54
million of sales revenue for the year ended Dec. 31, 2014, compared
to a net loss of $12.6 million on $3.77 million of sales revenue
for the year ended Dec. 31, 2014.

As of March 31, 2015, the Company had $2.69 million in total
assets, $14.9 million in total liabilities and a $12.2 million
total stockholders' deficit.

M&K CPAS, PLLC, in Houston, TX, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered
reoccurring losses from operations, and has an accumulated deficit
and working capital deficit as of Dec. 31, 2014.  These conditions
raise substantial doubt about its ability to continue as a going
concern.


TRISTAR WELLNESS: Reports $1.6-Mil. Net Loss for Second Quarter
---------------------------------------------------------------
Tristar Wellness Solutions, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $1.66 million on $782,000 of sales revenue for the
three months ended June 30, 2015, compared to a net loss of $1.93
million on $1.22 million of sales revenue for the same period
during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss of $3.41 million on $1.9 million of sales revenue compared to
a net loss of $5.5 million on $2.52 million of sales revenue for
the same period in 2014.

As of June 30, 2015, the Company had $2.97 million in total assets,
$16.71 million in total liabilities and a $13.74 million total
stockholders' deficit.

During the six months ended June 30, 2015, and 2014, because of the
Company's operating losses, it did not generate positive operating
cash flows.  The Company's cash and cash equivalents as of June 30,
2015, was $497,000.

"Due to our monthly cash burn rate we have significant short term
cash needs.  These needs are being satisfied through proceeds from
the sales of our securities and the issuance of convertible notes.
We currently do not believe we will be able to satisfy our cash
needs from our revenues for some time," the Company said in the
report.

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

                        http://is.gd/vNkzji

                      About TriStar Wellness

TriStar Wellness Solutions, Inc., offers products and technologies
in the areas of wound care, women's health and therapeutic skin
care.  The Company is based in Westport, Connecticut.

TriStar Wellness reported a net loss of $8.87 million on $5.54
million of sales revenue for the year ended Dec. 31, 2014, compared
to a net loss of $12.6 million on $3.77 million of sales revenue
for the year ended Dec. 31, 2014.

M&K CPAS, PLLC, in Houston, TX, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered
reoccurring losses from operations, and has an accumulated deficit
and working capital deficit as of Dec. 31, 2014.  These conditions
raise substantial doubt about its ability to continue as a going
concern.


TRONOX INC: Bank Debt Trades at 5% Off
--------------------------------------
Participations in a syndicated loan under which Tronox Inc. is a
borrower traded in the secondary market at 95.26
cents-on-the-dollar during the week ended Friday, August 14, 2015,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in the August 18, 2015, edition of The Wall Street
Journal. This represents a decrease of 0.60 percentage points from
the previous week, The Journal relates.  Tronox Inc. pays 300 basis
points above LIBOR to borrow under the facility.  The bank loan
matures on March 15, 2020. Moody's rates the loan 'Ba3' and
Standard & Poor's gave a 'BBB-' rating to the loan.  The loan is
one of the biggest gainers and losers among 246 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, August 14.


TRUMP ENTERTAINMENT: Casino Workers Prepare for Strike
------------------------------------------------------
Wayne Parrty, writing for Associated Press, reported that Atlantic
City's main casino workers' union is ramping up its threat of a
strike against the Trump Taj Mahal casino to seek the restoration
of health insurance and pension coverage that the casino got
permission from a bankruptcy judge to eliminate last October.

According to the report, Trump Entertainment Resorts says it has a
plan to remain open during a possible strike, but won't detail the
preparations it has made.  The company is being acquired by
billionaire Carl Icahn, who has criticized the union's health care
plan as unaffordable, the report related.

Both sides are waiting for an appeals court ruling on whether the
union members' benefits should be restored, the report further
related.

               About Trump Entertainment Resorts

Trump Entertainment Resorts Inc., owner of the Atlantic City
Boardwalk casinos that bear the name of Donald Trump, returned to
Chapter 11 bankruptcy (Bankr. D. Del. Case No. 14-12103) on Sept.
9, 2014, with plans to shutter its casinos.

TER and its affiliated debtors own and operate two casino hotels
located in Atlantic City, New Jersey.  TER said it will close the
Trump Taj Mahal Casino Resort by Sept. 16, 2014, and, absent union
concessions, the Trump Plaza Hotel and Casino by Nov. 13, 2104.

The Debtors have sought an order authorizing the joint
administration of their Chapter 11 cases and the consolidation
thereof for procedural purposes only.  Judge Kevin Gross presides
over the Chapter 11 cases.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
counsel; Stroock & Stroock & Lavan LLP, as co-counsel; Houlihan
Lokey Capital, Inc., as financial advisor; and Prime Clerk LLC, as
noticing and claims agent.

TER estimated $100 million to $500 million in assets as of the
bankruptcy filing.

The Debtors as of Sept. 9, 2014, owe $285.6 million in principal
plus accrued but unpaid interest of $6.6 million under a first
lien debt issued under their 2010 bankruptcy-exit plan.  The
Debtors
also have trade debt in the amount of $13.5 million.

                         *     *     *

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware on March 12, 2015, confirmed Trump Entertainment Resorts,
Inc., et al.'s Third Amended Joint Plan of Reorganization and
Disclosure Statement pursuant to Section 1129 of the Bankruptcy
Code.

The Debtors filed on Jan. 5, 2015, the Plan and accompanying
Disclosure Statement to, among other things, provide that holders
of General Unsecured Claims will receive Distribution Trust
Interests, which will include $1 million in cash and the proceeds,
if any, of certain avoidance actions.  Under the revised plan,
holders of general unsecured claims are estimated to recover 0.47%
to 0.43% of their total allowed claim amount.  The Amended Plan
also includes language reflecting the recently-approved $20
million
loan from Carl Icahn.

A full-text copy of the Findings of Fact is available for free at:
http://bankrupt.com/misc/TRUMPENTERTAINMENT_Plan_Findings.pdf  


TS EMPLOYMENT: CRS Ch. 11 Cases Transferred to NY Court
-------------------------------------------------------
Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern
District of New York, in a memorandum opinion and order dated Aug.
18, 2015, ruled that the venue of the chapter 11 cases of Corporate
Resource Services, Inc., and seven of its affiliated entities, will
be transferred to the Southern District of New York.

Judge Glenn held that the interest of justice and the convenience
of the parties will best be served by transferring the Delaware
Debtors' cases to the Southern District of New York Court.  Despite
the protestations to the contrary by the Delaware Debtors' counsel,
filing the cases in Delaware could only have been done for one
purpose -- to prevent one court from overseeing these related
cases, Judge Glenn said.  Having one court administer these cases
is the most cost effective and efficient use of judicial resources,
Judge Glenn concluded.

The case is In re: TS EMPLOYMENT, INC, Chapter 11 Debtor, CASE NO.
15-10243 (MG)(Bankr. S.D.N.Y.).

A full-text copy of Judge Glenn's Decision is available at
http://is.gd/Z0ydILfrom Leagle.com.

Albert Togut, Esq. -- altogut@TeamTogut.com -- Jeffrey R. Gleit,
Esq. -- jgleit@teamtogut.com -- Steven S. Flores, Esq. --
sflores@teamtogut.com -- and Lauren L. Peacock, Esq. --
lpeacock@teamtogut.com -- TOGUT, SEGAL & SEGALL LLP, Attorneys for
James S. Feltman, Solely in His Capacity as Chapter 11 Trustee New
York, NY.

Ronald S. Gellert, Esq. -- rgellert@gsbblaw.com -- GELLERT SCALI
BUSENKELL & BROWN, LLC, Proposed Attorneys for the Debtors
Corporate Resource Services, Inc., et al. Wilmington, DE.

Barry N. Seidel, Esq. -- seidelb@dicksteinshapiro.com -- Eric B.
Fisher, Esq. -- fishere@dicksteinshapiro.com -- Steven B. Smith,
Esq. -- smiths@dicksteinshapiro.com -- Evan J. Zucker, Esq. --
zuckere@dicksteinshapiro.com -- DICKSTEIN SHAPIRO LLP, Attorneys
for the Ad Hoc Committee of Unsecured Creditors of Corporate
Resource Services, Inc., et al. New York, NY.

Neal Jacobson, Esq., Alan Maza, Esq., U.S. SECURITIES AND EXCHANGE
COMMISSION, Attorneys for U.S. Securities And Exchange Commission
New York, New York.

Monica P. Folch, Esq., PREET BHARARA, UNITED STATES ATTORNEY FOR
THE SOUTHERN DISTRICT OF NEW YORK, Attorneys for the Internal
Revenue Service New York, NY.

                      About TS Employment

Based in New York, TS Employment Inc. is a professional employer
organization that provides payroll-related services.  Its only
customer is publicly held Corporate Resource Services, Inc., a
diversified technology, staffing, recruiting, and consulting
services firm.  TS processes payroll of up to 30,000 employees.

TS Employment sought Chapter 11 for protection (Bankr. S.D.N.Y.
Case No. 15-10243) in Manhattan on Feb. 2, 2015.  Judge Martin
Glenn is assigned to the case.

The Debtor estimated at least $100 million in assets and debt.

The Debtor tapped Scott S. Markowitz, Esq., at Tarter Krinsky &
Drogin LLP, in New York, as counsel.  Realization Services Inc.
serves as the Debtor's consultant.

James S. Feltman serves as Chapter 11 trustee.  The Chapter 11
Trustee retains Friedman LLP as special accountant and Mesirow
Financial Consulting, LLC, as accountant to provide accounting,
forensic, and investigatory services.

                           About Corporate Resource

Corporate Resource Services, Inc., was a New York-based provider
of
employment and human resource solutions for corporations
throughout
the United States.  CRS leases its headquarters and does not own
any real property.  About 90% of CRS shares are owned by Robert
Cassera and the balance are traded OTC.

As of Dec. 31, 2014, CRS was one of the largest employment
staffing
companies in the U.S., providing employment and human resources
solutions for corporations with annual sales of about one billion
dollars.  In February 2015, CRS began an orderly wind down of
operations after discovering that TS Employment, Inc., a privately
held company owned by Mr. Cassera, failed to remit tens of
millions
of dollars of the Debtors' withholding taxes to taxing
authorities.

TS Employment Inc., a professional employer organization that
provided payroll-related services for CRS, sought Chapter 11
protection (Bankr. S.D.N.Y. Case No. 15-10243) in Manhattan on
Feb.
2, 2015.  TSE tapped Scott S. Markowitz, Esq., at Tarter Krinsky &
Drogin LLP, in New York, as counsel.  Realization Services Inc.
serves as the Debtor's consultant.

CRS and its subsidiaries sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 15-11546) on July 23, 2015, to complete their
orderly wind down of operations.  Judge Kevin J. Carey presides
over the Chapter 11 cases.  The Debtors tapped (a) Gellert Scali
Busenkell & Brown, LLC, as bankruptcy counsel, (b) Wilmer Cutler
Pickering Hale & Dorr LLP, as special counsel; (c) Carter Ledyard
&
Milburn LLP, as special SEC counsel, (d) SSG Capital Advisors as
financial advisors and investment bankers, and (e) Rust Omni LLC
as
claims agent.

CRS estimated $10 million to $50 million in assets and $50 million
to $100 million in debt.


UNION DENTAL: To File Assignment of Assets Under Florida Law
------------------------------------------------------------
Union Dental Holdings, Inc. on Aug. 24 disclosed that the Company
and all of its subsidiaries intend to file "An Assignment of Assets
for the Benefit of Creditors under Florida Statute 727."  Since all
of the company's assets are cross collateralized in all loans it is
the opinion of attorneys and the Company executive that the only
course to try to emerge from this dilemma is to include all of the
Company's in the Florida Statute 727 filing which it recently made
for George D. Green DDS PA.

Although similar to a bankruptcy it allows the debtor more
opportunity to restructure itself under the Florida Law.  This
filing will virtually eliminate the possibility for UDHI to acquire
Drinkable Air.

                About Union Dental Holdings, Inc.

Union Dental Corp. -- http://www.uniondental.com-- manages a 22
operatory full service dental practice in Coral Springs, Florida.
The Company operates under the name George D, Green DDS PA and is
the exclusive supplier of Drinkable Air's patented ozone
atmospheric water generators for the US dental industry and is a
leading innovator for bringing bacteria free water into the dental
operatory settings.  Union Dental Holdings, Inc. operates two
wholly owned subsidiaries, Direct Dental Services and Union Dental
Corp. Direct Dental Services provides dentists with "areas of
exclusivity" to participate with various unions including the
Communications Workers of America (CWA) and the International
Brotherhood of Electrical Workers (IBEW), United Association of
Plumbers and Pipe Fitters (UA) and The Association of Flight
Attendants - Communications Workers of America (AFA-CWA).  Direct
Dental Services receives annual management fees from the dentists
in exchange for practicing in these "areas of exclusivity" where
CWA and IBEW members use the dentists' services.



USA DISCOUNTERS: Case Summary & 40 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

        Debtor                                   Case No.
        ------                                   --------
        USA Discounters, Ltd                     15-11755
           aka USA Living
           aka Fletcher's Jewelers
        6353 Center Drive
        Building 8, Suite 101
        Norfolk, VA 23502

        USA Discounters Holding Company, Inc.    15-11753

        USA Discounters Credit, LLC              15-11754

Type of Business: Retail

Chapter 11 Petition Date: August 24, 2015

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

Debtors' Counsel: Laura Davis Jones, Esq.
                  James E. O'Neil, Esq.
                  Golin R. Robinson, Esq.
                  PACHULSKI STANG ZIEHL & JONES LLP
                  919 North Market Street, 17th Floor
                  Wilmington, DE 19801
                  Tel: 302-652-4100
                  Fax: 302-652-4400
                  Email: ljones@pszjlaw.com
                         joneil@pszjlaw.com
                         crobinson@pszj law. com
                    
                     - and -

                  Lee R. Bogdanoff, Esq.
                  Michael L. Tuchin, Esq.
                  Whitman L. Holt, Esq.
                  Sasha M. Gurvitz, Esq.
                  KLEE, TUCHIN, BQGDANOFF BL STERN LLP
                  1999 Avenue of the Stars, 39th Floor
                  Los Angeles, CA 90067
                  Tel: (310) 407-4023
                  Fax: (310) 407-9090
                  Email: lbogdanoff@ktbslaw. com
                         mtuchin@ktbslaw.com
                         wholt@ktbslaw.com
                         sgurvitz@ktbslaw. com

Debtors'          KURTZMAN CARSON CONSULTANTS, LLC
Claims and
Noticing
Agent:

Estimated Assets: $100 million to $500 million

Estimated Liabilities: $50 million to $100 million

The petition was signed by Timothy W. Dorsey, vice president.

Consolidated List of Debtors' 40 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Ashley Furniture                     Merchandise        $240,113

Featherstone Investors LLC            Landlord          $109,639

1430 EP Partners LLC                  Landlord           $83,568

Penske Truck Leasing Co LP            Services           $82,640

BB & T of VA Business Loan Center      Lease             $76,930

BB & T Credit Card                   Credit Card         $75,886

Five Star Mattress (SERTA)           Merchandise         $75,643

Security Wards LLC                    Landlord           $70,936

Rocket Jewelry Box Inc.                 Trade            $68,839

Travelers                           Insurance/Tax        $59,742

Cargo Consolidation Services Inc.      Services          $59,210

Almo Distribution PA Inc.            Merchandise         $58,921

Maryland Crossing Realty, LLC         Landlord           $58,191

PK II Oceanside Town & Country LP     Landlord           $55,475

Adams & Knight Inc.                  Advertising         $51,847

New Mission LLC "A" Store             Landlord           $47,678

IR-Two Rivers Center LLC              Landlord           $42,122

CC Westland Joint Venture             Landlord           $40,361

Nassimi Amsterdam                     Landlord           $39,748

Nonstop Delivery Inc.                 Services           $38,155

LBJ Ventures LLC                      Landlord           $37,638

Elda GA AU LLC                        Landlord           $36,000

Florida State Games, Inc.           Merchandise          $35,633

Parma Family LP                       Landlord           $33,249

Townwest Shopping Center Inc.         Landlord           $32,226

SRS No. 1 LC                          Landlord           $31,486

New Age Electronics                  Merchandise         $30,794

New Missions II LLC "B" WHSE          Landlord           $30,251

Tache USA                            Merchandise         $29,344

Killeen ATM LLC                       Landlord           $27,949

Charles Flowers & Barbara Gilliam     Landlord           $27,152

Enterprise Shopping Center            Landlord           $26,763

Broadway Triple D LLC                 Landlord           $24,522

Standard Furniture                   Merchandise         $24,388

Pacific Realty Associates, L.P.       Landlord           $24,145

Brainstorm Logistics LLC             Merchandise         $21,711

Wells Fargo Financial Leasing           Lease            $21,307

Coliseum Partners LLC                 Landlord           $21,156

Security Resources Inc.               Security           $20,947

USC-TEXAG                             Landlord           $20,913


VERITEQ CORP: Failure to File Form 10-Q Constitutes Default
-----------------------------------------------------------
VeriTeQ Corporation filed a Form 12 b-25, Notification of Late
Filing, with the Securities and Exchange Commission with respect to
its quarterly report on Form 10-Q for the period ending
June 30, 2015.  The Company did not file within the extension
period and is experiencing liquidity and capitalization
deficiencies.

The Company's failure to timely file its Form 10-Q constitutes an
event of default on its outstanding convertible promissory notes in
the aggregate principal amount of $3.2 million.  The Company said
it does not have the financial resources to repay this
indebtedness.  While the Company is currently in discussions with
several parties and is considering several strategic and financial
alternatives that would assist in recapitalizing the Company, there
are currently no firm commitments for any additional financings and
no assurances can be given that the Company will be able to raise
the necessary capital to continue its operations and execute its
business plan.

On Aug. 19, 2015, Daniel E. Penni resigned as a member of the
Company's Board of Directors.  Mr. Penni's resignation did not
involve any disagreement on any matter related to the Company's
operations, policies or practices.

                           About VeriTeQ

VeriTeQ (formerly known as Digital Angel Corporation) develops
innovative, proprietary RFID technologies for implantable medical
device identification, and dosimeter technologies for use in
radiation therapy treatment.  VeriTeQ --
http://www.veriteqcorp.com/-- offers the world's first FDA
cleared RFID microchip technology that can be used to identify
implantable medical devices, in vivo, on demand, at the point of
care.  VeriTeQ's dosimeters provide patient safety mechanisms
while measuring and recording the dose of radiation delivered to a
patient in real time.

Veriteq reported a net loss of $3.91 million on $151,000 of sales
for the year ended Dec. 31, 2014, compared to a net loss of $18.2
million on $18,000 of sales for the year ended Dec. 31, 2013.

As of March 31, 2015, the Company had $1.66 million in total
assets, $9 million in total liabilities, $1.84 million in series D
preferred stock, and a $9.18 million total stockholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2014, citing that the Company has incurred
recurring net losses, and at Dec. 31, 2014, had negative working
capital and a stockholders' deficit.  These events and conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


VICKSBURG PARTNERSHIP: Case Summary & 9 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Vicksburg Partnership LLP
        4999 France Avenue South, Suite 245
        Minneapolis, MN 55410

Case No.: 15-42950

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 24, 2015

Court: United States Bankruptcy Court
       District of Minnesota (Minneapolis)

Judge: Hon. Katherine A. Constantine

Debtor's Counsel: Patti J. Sullivan, Esq.
                  SULLIVAN LAW FIRM PA
                  1595 Selby Ave Ste 205
                  St Paul, MN 55104
                  Tel: 651-699-4825
                  Email: patti@mnmicro.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Thomas R. Lohmann, managing partner.

A list of the Debtor's nine largest unsecured creditors is
available for free at http://bankrupt.com/misc/mnb15-42950.pdf


WAFERGEN BIO-SYSTEMS: Files Preliminary Form S-1 Prospectus
-----------------------------------------------------------
Wafergen Bio-Systems, Inc., filed with the Securities and Exchange
Commission a Form S-3 registration statement relating to the
offering of [__] Class A Units, with each Class A Unit consisting
of [__] shares of common stock and [__] warrants to purchase shares
of the Company's common stock (together with the shares of common
stock underlying such warrants) at a public offering price of $[__]
per Class A Unit.  Each warrant included in the Class A Units
entitles its holder to purchase one share of common stock at an
exercise price of $[__].

The Company is also offering to those purchasers, whose purchase of
Class A Units in this offering would result in the purchaser,
together with its affiliates and certain related parties,
beneficially owning more than 9.98% of the Company's outstanding
common stock following the consummation of this offering, the
opportunity to purchase, in lieu of Class A Units that would result
in ownership in excess of 9.98%, Class B Units, with each Class B
Unit consisting of one share of Series 2 Convertible Preferred
Stock, par value $0.001 per share, convertible into [__] shares of
common stock and [__] warrants to purchase shares of the Company's
common stock (together with the shares of common stock underlying
such shares of Series 2 preferred stock and warrants) at a public
offering price of $[__] per Class B Unit. Each warrant included in
the Class B Units entitles its holder to purchase one share of
common stock at an exercise price of $[__].

The underwriters have the option to purchase up to (i) [__]
additional shares of common stock, and/or (ii) additional warrants
to purchase up to [__] additional shares of common stock solely to
cover over-allotments, if any, at the price to the public less the
underwriting discounts and commissions.  The over-allotment option
may be used to purchase shares of common stock, or warrants, or any
combination thereof, as determined by the underwriters, but those
purchases cannot exceed an aggregate of 15% of the number of shares
of common stock (including the number of shares of common stock
issuable upon conversion of shares of Series 2 Convertible
Preferred Stock) and warrants sold in the primary offering.

The Company's common stock is currently traded on the Nasdaq
Capital Market under the symbol "WGBS."  On Aug. 12, 2015, the
closing price of the Company's common stock was $1.33 per share.
The Company does not intend to apply for listing of the shares of
preferred stock or warrants on any securities exchange or other
trading system.  The preferred stock and the warrants will be
issued in book-entry form pursuant to a preferred stock agency
agreement between the Company and Continental Stock Transfer &
Trust Company, as preferred stock agent, and a warrant agency
agreement between the Company and Continental Stock Transfer &
Trust Company, as warrant agent, respectively.

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

                        http://is.gd/JLv2PP

                     About WaferGen Bio-systems

Fremont, California-based WaferGen Bio-systems, Inc., engages in
the development of systems for gene expression quantification,
genotyping and stem cell research.  Since 2008, the Company's
primary focus has been on the development, manufacture and
marketing of its SmartChip System, a genetic analysis platform
used for profiling and validating molecular biomarkers in the life
sciences and pharmaceutical drug discovery industries.

WaferGen Bio-systems reported a net loss of $10.7 million in 2014,
a net loss of $16.3 million in 2013 and a net loss of $8.97 million
in 2012.

As of June 30, 2015, the Company had $13.2 million in total assets,
$6.9 million in total liabilities and $6.3 million in total
stockholders' equity.


WALKER III - VOSS: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Walker III - Voss, LLC
        420 E 58th Ave., Ste. 200
        Denver, CO 80216

Case No.: 15-19428

Chapter 11 Petition Date: August 24, 2015

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

Judge: Hon. Elizabeth E. Brown

Debtor's Counsel: Harvey Sender, Esq.
                  SENDER WASSERMAN WADSWORTH, P.C.
                  1660 Lincoln St., Ste. 2200
                  Denver, CO 80264
                  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

The petition was signed by Craig J. Walker, managing member.

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


WAYNE COUNTY: Fitch Affirms & Removes 'B' Rating on Michigan Bonds
------------------------------------------------------------------
Fitch Ratings affirms and removes from Rating Watch Negative the
'B' ratings on the following Wayne County, Michigan bonds:

-- $186 million limited tax general obligation (LTGO) bonds
    issued by Wayne County;

-- $51.3 million building authority (stadium) refunding bonds,
    series 2012 (Wayne County LTGO) issued by Detroit/Wayne County

    Stadium Authority;

-- $200 million building authority bonds issued by Wayne County
    Building Authority;

-- Wayne County unlimited tax general obligation (ULTGO)
    (implied).

The Rating Outlook is Stable.

SECURITY

LTGO bonds issued by the county carry the county's general
obligation ad valorem tax pledge, subject to applicable charter,
statutory and constitutional limitations.

Stadium authority and building authority bonds are backed by lease
payments from the county to the respective authority. The
obligation to make the rental payments is not subject to
appropriation, setoff or abatement for any cause, and carries the
county's LTGO pledge.

KEY RATING DRIVERS

CONSENT AGREEMENT IMPROVES PROSPECTS: Removal of the Negative Watch
reflects elimination of the immediate uncertainty of which path the
county might choose under Act 436. The county recently entered into
a consent agreement with the state under Act 436 that affords to
the county's executive and legislative branches many, but not all,
of the emergency manager powers and which may improve expenditure
flexibility.

SEVERE FINANCIAL DISTRESS: The 'B' rating reflects the county's
substantial financial challenges which have resulted in persistent
structural and accumulated deficits. Previous lack of significant
revenue or expenditure flexibility has hampered efforts to address
the imbalance.

RECOVERY PLAN EXECUTION RISK: The county has reported making
progress towards structural deficit elimination, with the remainder
of the plan reliant upon use of consent agreement powers.
Successful execution of the plan hinges on cooperation between the
county executive and the county commission, which have been jointly
granted many of the powers under the consent agreement.

STRESSED ECONOMY SLOW TO RECOVER: The weak local area economy is
reflected in elevated unemployment rates, population loss and
below-average income levels.

RATING SENSITIVITIES

LIQUIDITY DETERIORATION: Inability to maintain adequate liquidity,
either internally or by external borrowing, would lead to a cash
flow crisis and trigger a further downgrade.

RECOVERY PLAN EXECUTION: Successful achievement of remaining
recovery plan elements, with the expected savings, would indicate a
positive change in the rating trajectory. An inability to achieve
the needed savings could lead to negative rating action.

CREDIT PROFILE

RECOVERY PLAN KEY TO POTENTIAL CREDIT IMPROVEMENT
The county's recovery plan includes efforts to solve the recurring,
structural operating deficit as well as eliminate the accumulated
general fund deficit. Progress toward accumulated general fund
deficit elimination has been largely due to transfers of
unrestricted delinquent tax revolving fund (DTRF) balance.
Additional transfers from this fund are expected to bring total
general fund balance to a positive position by the end of the
fiscal year (Sept. 30).

Achievement of structural budgetary balance will be key to
maintaining a positive general fund balance over time. The plan
identifies $52.7 million of measures to cure the structural
deficit. The county reports that $28 million of these (54% of the
plan) have been implemented.

CONSENT AGREEMENT IMPROVES PROSPECTS FOR STRUCTURAL BALANCE

The county recently negotiated and the county commission formally
approved an Act 436 consent agreement with the state. The consent
agreement affords the county tools that can improve its expenditure
flexibility but only if the executive and legislative branches of
government can cooperate on their execution. An inability of those
two branches to work together, as was the case under Detroit's
consent agreement, could lead the county to pursue one or more of
the remaining avenues under Act 436: neutral evaluation, emergency
manager, and Chapter Nine bankruptcy. Failure of the consent
agreement would be a credit negative as neutral evaluation would
likely be ineffective post-consent agreement, and emergency
management and bankruptcy would likely be detrimental to
bondholders.

The most important aspects of the consent agreement are those that
deal with labor. Most of the county's collective bargaining
agreements are expired and negotiations are ongoing. The recovery
plan calls for significant savings ($22.9 million) from wages,
benefits (including $13.3 million from pensions), outsourcing and
layoffs. This represents the bulk of the remaining $24.7 million
structural deficit. If the contracts remain unsettled after the
consent agreement has been in place for 30 days (mid-September) the
county will have the ability to impose terms, which should give the
county significant leverage during negotiations.

Successful negotiation (or imposition) of the recovery plan
elements would indicate a potential improvement in the county's
rating, as would fiscals 2015 and 2016 audited results matching
plan expectations.

REDUCED DEFICIT POSITION AIDED BY TRANSFERS

The county projects ending fiscal 2015 with a $3.3 million general
fund operating surplus, which, along with a $78.7 million DTRF
transfer should put the total general fund balance into, and the
unassigned general fund balance close to, positive territory.
Achievement of structural balance goals will be critical to
maintaining or improving this status. Without the recovery plan
savings, projections show a return to a general fund accumulated
fund deficit position in fiscal 2016, with operating deficits
causing the accumulated deficit to continue to grow, reaching -$200
million by the end of the projection period in 2019.

Fitch does not expect the DTRF to be an ongoing source for major
deficit elimination. After this fiscal year, Fitch expects the fund
to generate a more moderate amount of cash of around $30
million-$40 million annually for operating transfers to the general
fund as delinquencies return to more of a steady state.

ECONOMY SHOWS PERSISTENT STRESS

The Detroit area economy remains pressured after severe weakening
during the recent recession. Socioeconomic indices for county
residents are below average overall, as the effect of impoverished
city residents outweighs that of the relatively wealthier suburban
residents. Median household income was 85% of the state and 78% of
the nation. The individual poverty rate of 24.5% is well above the
state and national averages of 16.8% and 15.4%, respectively.
Market value per capita is also well below average at $50,000,
reflecting the weakened housing market.

The county unemployment rate remained above the state and U.S.
levels throughout the recession but is showing signs of
improvement. The seasonally unadjusted June 2015 rate of 7.7% is
lower than the 10.5% recorded a year prior and well below the peak
of 17.9% recorded in July 2009. Total employment and the labor
force have both contracted severely over the last decade although
recent trends point toward stabilization.

ABOVE-AVERAGE DEBT BURDEN

The high debt burden of 8.2% of market value is largely
attributable to considerable borrowing by overlapping governments
but nevertheless presents a practical limitation on future debt
issuance flexibility. The county's net direct debt is a modest 0.5%
of market value. Future new money borrowing plans are uncertain, as
plans for the jail construction are not yet settled.

The county recently halted the jail project, for which it borrowed
$200 million in 2010, when cost projections rose from $300 million
to $390 million. Management is evaluating its options for the site
and the consent agreement requires the county to submit a new plan
by January 2016. Fitch will monitor developments and evaluate the
potential impact on operating and capital costs.

SUBSTANTIAL LEGACY OBLIGATIONS

The county maintains two single-employer pension plans, the smaller
of which is currently fully funded from state contributions. The
larger plan reported a low 45.1% funding ratio at the end of fiscal
2013 using the county's 7.75% return assumption, which equates to
an even weaker estimated 41.7% funding ratio when adjusted by Fitch
to reflect a 7% discount rate. The $910 million unfunded actuarial
accrued liability (2013) was a moderate 1% of market value.

The pension actuarial required contribution (ARC) has more than
tripled in recent years, from $18.4 million in 2008 to $51.7
million in fiscal 2012. The county contributed less than the ARC
only in fiscals 2011 and 2012, relying upon transfers from the
pension fund's inflation equity reserve to make up the difference.
This strategy resulted in technical meeting of the ARC, but not an
overall increase in pension assets. The state supreme court
recently ordered the county to repay these amounts. The county has
approved a one-year judgment funding levy to meet most of the
payment. The recovery plans calls for changes to the pension plan
which, if achieved, are described as generating $13.3 million of
recurring budgetary savings as well as reductions to the unfunded
liability.

The county currently funds its other post-employment benefits
(OPEB) on a pay-as-you-go basis. The unfunded actuarially accrued
liability is large at $1.3 billion or 1.5% of market value. A
recent legal settlement regarding a certain class of retirees is
projected to reduce annual OPEB costs as well as the unfunded
liability significantly. If the county is successful in achieving
further recovery plan savings, both annual costs and the unfunded
liability would decline even more.

Carrying costs for debt service, pension ARC and OPEB pay-go are
currently moderate at 16.7% of governmental spending; however,
absent achievement of recovery plan changes to the pension and OPEB
plans, Fitch expects carrying costs to rise in the near term, given
the projected trajectory of the pension ARC.


WESTMORELAND COAL: Presented at BB&T Capital Coal Summit
--------------------------------------------------------
Westmoreland Coal Company made an investor presentation at BB&T
Capital Markets St. Louis Coal Summit on Aug. 11-12, 2015, at which
the Company disclosed, among other things, recent accomplishments.


The Company said it is on track to record 2015 Adjusted EBITDA of
$235 million to $270 million.  The Company also received credit
rating upgrade from both Moody's and S&P.  It received significant
contract extensions and agreements.  A copy of the slides used at
the Presentation is available at http://is.gd/dyhhod

                       About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest
independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland Coal Company reported a net loss applicable to common
shareholders of $173 million in 2014, a net loss applicable to
common shareholders of $6.05 million in 2013 and a net loss
applicable to common shareholders of $8.58 million in 2012.

                            *     *     *

As reported by the TCR on Nov. 20, 2014, Standard & Poor's Rating
Services raised its corporate credit rating on Westmoreland Coal
Co. one-notch to 'B' from 'B-'.  "The stable outlook is supported
by Westmoreland's committed sales position over the next year,
which should result in stable cash flows," said Standard & Poor's
credit analyst Chiza Vitta.

Moody's upgraded the corporate family rating (CFR) of Westmoreland
Coal Company to 'B3' from 'Caa1', and assigned 'Caa1' rating to
the company's proposed new $300 million First Lien Term Loan, the
TCR reported on Nov. 20, 2014.  The upgrade of the CFR reflects the
company's successful integration of the Canadian mines acquired in
April 2014, and Moody's expectation that the company's Debt/ EBITDA
will track at around 5x in 2015 and 2016 and that the
company will be break-even to modestly free cash flow positive
over the same time period.


WILTON BRANDS: Moody's Raises CFR to Caa1, Outlook Stable
---------------------------------------------------------
Moody's Investors Service upgraded Wilton Brands, LLC's Corporate
Family Rating to Caa1 from Caa2 and Probability of Default Rating
(PDR) to Caa2-PD/LD from Ca-PD.  At the same time, Moody's
downgraded the rating on the company's term loan to Caa2 from B3.
The ratings outlook is stable.

The CFR and PDR upgrade reflect an improvement in credit quality
following the conversion of a term loan at Wilton Sub Holdings Inc.
(Holdco), an indirect parent of Wilton, into preferred equity of a
parent entity of Holdco.  Approximately $500 million of debt was
converted into preferred equity reducing Wilton's second quarter
2015 debt/EBITDA to 3.7 times pro forma for the conversion from 8.5
times without the conversion.  The conversion of Holdco debt was
one component of an amendment to Wilton's term loan.  As part of
the amendment, the maximum leverage covenant was increased to 4.5
times from 3.75 times.  Prior to this amendment it was scheduled to
step down to 3.5 times in the fourth quarter of 2015. It now
remains at 4.5 times through 2015 stepping down over time to 3.75
times.  Moody's expects the company to remain in compliance with
this covenant over the next twelve months.

Moody's considers the conversion of Holdco debt into preferred
equity as a distressed exchanged, which the rating agency considers
a default.  Moody's appended the revised Caa2-PD PDR with an "/LD"
designation indicating a limited default, which will be removed in
three business days.

The downgrade of Wilton's term loan rating to Caa2 is a result of
the material change in the company's capital structure following
the conversion of Holdco debt to equity.  Prior to the conversion,
the significant amount of Holdco debt had provided a relative
ratings lift to the term loan.  With the elimination of that debt
within the capital structure, the lift is diminished.  The Caa2
rating on the term loan, one notch lower than the CFR, now reflects
its junior position relative to the company's asset-based
revolver.

"While the conversion of Holdco debt to preferred equity benefits
credit quality, challenges remain" said Dominick D'Ascoli, Vice
President at Moody's.  "Wilton must continue to deal with its
multi-year decline in revenue caused by the secular decline in some
products as consumers shift towards digital media and other
competing leisure-time activities, as well as private label
competition.  It will also need to successfully refinance its term
loan prior to December 2017 when amortization steps up to $65
million per quarter -- a level which the company will be unable to
service", he continued.

Ratings Upgraded:

Wilton Brands, LLC

   -- Corporate Family Rating to Caa1 from Caa2
   -- Probability of Default Rating to Caa2-PD/LD from Ca-PD

Rating Downgraded:

Wilton Brands, LLC

   -- Senior Secured Term Loan due 08/30/18 to Caa2 (LGD 3) from
      B3 (LGD 3)

The rating outlook is stable.

RATINGS RATIONALE

Wilton's Caa1 CFR reflects increasing amortization payments leading
to minimum cash flow cushion.  The rating also reflects Moody's
expectation of a continued drop in revenues and earnings driven by
the secular decline in some products as consumers shift towards
digital media and other competing leisure-time activities as well
as private label competition.  These negative credit factors
overshadow Wilton's strong brands and leading positions in certain
product categories.

The stable rating outlook reflects Moody's expectation that Wilton
will be able to meet term loan amortization payments until the
fourth quarter of 2017 and that there will only be modest declines
in earnings.

Ratings could be lowered if operating results or liquidity
deteriorate.  Ratings could also be lowered if there is an increase
in the probability of any other transaction that Moody's would
consider a distressed exchange or if the company is not able to
meet amortization payments though internally generated cash.

Rating could be raised if revenue and earnings stabilize and there
is a strengthening of liquidity.  Ratings could also be raised upon
the successful refinancing of the term loan.

The principal methodology used in these ratings was Global Packaged
Goods published in June 2013.  Other methodologies used include
Loss Give Default for Speculative-Grade Non-Financial Companies in
the U.S., Canada and EMEA published June 2009.

Headquartered in Woodridge, Illinois, Wilton Brands LLC is a
leading supplier in the U.S. crafts industry.  It sells a wide
range of products including those for baking, cake decorating,
other food crafting, specialty housewares, sewing patterns,
knitting, crocheting, sewing, fashion crafts, needlecraft, home
decorating, paper crafting and memory keeping.  Revenue was $622
million for the twelve months ended June 30, 2015.  TowerBrook
Capital Partners is the company's controlling equity sponsor.



WILTON HOLDINGS: S&P Lowers Corporate Credit Rating to 'SD'
-----------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Woodbridge, Ill.-based Wilton Holdings Inc. to 'SD' from
'CC'.

The issue-level rating on the company's $400 million term loan due
2018 remains unchanged at 'CC' because there is no cross-default
and the company continues to make payments on this debt.  The
recovery rating on the term loan remains '3', which indicates S&P's
expectation for meaningful recovery (50% to 70%, at the high end of
the range) in the event of a payment default.

"The downgrade follows Wilton's launch of its capital structuring
plan by exchanging its roughly $514 million holdco PIK notes into
preferred equity, which we view as junior in ranking and which will
no longer have a final maturity date," said Standard & Poor's
credit analyst Beverly Correa.



XRPRO SCIENCES: Reports $1.3 Million Net Loss for Second Quarter
----------------------------------------------------------------
XRPro Sciences, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
applicable to common stock of $1.33 million on $95,158 of sales for
the three months ended June 30, 2015, compared to a net loss
applicable to common stock of $1.21 million on $82,662 of sales for
the same period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss applicable to common stock of $2.82 million on $125,811 of
sales compared to net income applicable to common stock of $4.06
million on $336,882 of sales for the same period a year ago.

As of June 30, 2015, the Company had $8.86 million in total assets,
$1.45 million in total liabilities, $133,350 in series A cumulative
convertible redeemable preferred stock, and $7.27 million in total
stockholders' equity.

The Company recently concluded a private placement offering with
gross proceeds of $8,855,000 providing the Company with sufficient
capital resources to meet its projected cash flow requirements in
conducting its operations for at least the next twelve month period
commencing on June 30, 2015.  However, the Company said there can
be no assurance that additional and unforeseen non-recurring
expenses will not arise during the next twelve month period or that
the Company will be successful in completing its business
development plan.

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

                      http://is.gd/ZFNMmu

                     About XRpro Sciences

XRpro Sciences, Inc., formerly known as Caldera Pharmaceuticals
Inc. -- http://www.xrpro.com/-- provides a unique platform for
drug discovery and development services featuring high throughput
screening of ion channel assays for the pharmaceutical industry.
The Company's proprietary advances in X-ray fluorescence provide
measurements that would otherwise be difficult or impossible
applying other readily available technologies.  XRpro technology
directly measures the activity of a drug target, without the need
for costly and artifact-causing chemical dyes or radiolabels.

XRPro Sciences reported a net loss applicable to common stock of
$569,000 in 2014 following a net loss applicable to common stock of
$5.88 million in 2013.


Z TRIM HOLDINGS: Posts $13.6 Million Net Loss for Second Quarter
----------------------------------------------------------------
Z Trim Holdings, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $13.6 million on $401,088 of total revenues for the three months
ended June 30, 2015, compared to a net loss of $1.57 million on
$212,154 of total revenues for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $21.31 million on $615,831 of total revenues compared to a
net loss of $3 million on $528,624 of total revenues for the same
period during the prior year.

As of June 30, 2015, the Company had $1.66 million in total assets,
$3.51 million in total liabilities and a $1.8 million total
stockholders' deficit.

As of June 30, 2015, the Company had a cash balance of $26,516, a
decrease from a balance of $1,027,713 at Dec. 31, 2014.  At
June 30, 2015, the Company had working capital deficit of
$2,946,470, as compared to working capital deficit of $539,935 as
of Dec. 31, 2014.  The decrease in working capital primarily
resulted from the decreases in cash, inventory, and short-term
borrowings offset by the increase in the derivative liability.

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

                      http://is.gd/lo9O3J

                         About Z Trim

Mundelein, Ill.-based Z Trim Holdings, Inc., is a functional food
ingredient company which provides custom product solutions that
help answer the food industry's problems.  Z Trim's revolutionary
technology provides value-added ingredients across virtually all
food industry categories.  Z Trim's all-natural products, among
other things, help to reduce fat and calories, add fiber, provide
shelf-stability, prevent oil migration, and add binding capacity
-- all without degrading the taste and texture of the final food
products.

Z Trim Holdings reported a net loss of $5.57 million in 2014,
following a net loss of $13.4 million in 2013.

M&K CPAS, PLLC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2014, citing that the Company does not have
enough cash on hand to meet its current liabilities and has had
reoccurring losses as of Dec. 31, 2014.  These conditions raise
substantial doubt about its ability to continue as a going
concern.


Z TRIM HOLDINGS: Posts $401,088 Sales for Second Quarter
--------------------------------------------------------
Z Trim Holdings, Inc., announced its best second quarter in company
history reporting sales of $401,088, which represents 89% growth
over the prior year's second quarter.  On a year to date basis, the
volume of product sold is also an all-time high.

"We have been laser focused on the meat and dairy industries to
drive the sales of Z Trim," said Z Trim CEO Ed Smith.  "Finding the
right end-user at the right price is critical to our success and it
appears that our new pricing strategy is sparking interest.  Our
recent results demonstrate a new momentum which we expect to
accelerate from here."

"As the prices for meats and dairy continue to rise, food
manufacturers are discovering that Z Trim is the right choice,"
said Lynda Carroll, Z Trim VP of Applications.  "When we show them
how much we can lower their costs while simultaneously contributing
to a better finished product, the decision making becomes easy."

                           About Z Trim

Mundelein, Ill.-based Z Trim Holdings, Inc., is a functional food
ingredient company which provides custom product solutions that
help answer the food industry's problems.  Z Trim's revolutionary
technology provides value-added ingredients across virtually all
food industry categories.  Z Trim's all-natural products, among
other things, help to reduce fat and calories, add fiber, provide
shelf-stability, prevent oil migration, and add binding capacity
-- all without degrading the taste and texture of the final food
products.

Z Trim Holdings reported a net loss of $5.57 million in 2014,
following a net loss of $13.4 million in 2013.

As of March 31, 2015, the Company had $2.03 million in total
assets, $4.47 million in total liabilities and a $2.43 million
total stockholders' deficit.

M&K CPAS, PLLC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2014, citing that the Company does not have
enough cash on hand to meet its current liabilities and has had
reoccurring losses as of Dec. 31, 2014.  These conditions raise
substantial doubt about its ability to continue as a going
concern.


ZYNEX INC: Incurs $501,000 Net Loss in Second Quarter
-----------------------------------------------------
Zynex, Inc., filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss of $501,000 on
$3.07 million of net revenue for the three months ended June 30,
2015, compared to a net loss of $5.55 million on $1.34 million of
net revenue for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss of $1.40 million on $6.25 million of net revenue compared to a
net loss of $7 million on $4.51 million of net revenue for the same
period a year ago.

As of June 30, 2015, the Company had $5.41 million in total assets,
$8.05 million in total liabilities and a $2.63 million total
stockholders' deficit.

Thomas Sandgaard, CEO commented: "We made excellent progress in the
electrotherapy segment during the second quarter and are seeing the
benefits from the nationwide rollout of our EZ Rx order program.
Orders for compound pharmacy transdermal pain creams were
negatively impacted by TRICARE ceasing reimbursement early in the
second quarter.  Revenue has stabilized over the past few quarters
at just over $3.0 million.  Based on the recent order and billing
trend, we anticipate total net revenue for the third quarter of
2015 to be in the range of $3.2 to $3.4 million with positive
earnings before interest, taxes depreciation and amortization."

Sandgaard continued: "We continue to be very optimistic about the
development of our new Blood Volume Monitor.  We completed building
the first production units and have recently signed an agreement
for placement of units with hospitals for field testing and
validation.  We expect to submit our complete application to the
FDA by the end of the third quarter."

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

                       http://is.gd/2CIjP0

                             Zynex Inc.

Zynex, Inc., develops, manufactures and markets medical equipment.
The Lone Tree, Colorado-based Company offers electrotherapy
products for home use, cardiac monitoring apparatus for hospital
use, and EMG and EEG diagnostic devices for neurology clinic use.

Zynex reported a net loss of $6.23 million on $11.1 million of net
revenue for the year ended Dec. 31, 2014, compared to a net loss of
$7.34 million on $21.7 million of net revenue for the year ended
Dec. 31, 2013.

GHP Horwath, P.C., in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, noting that the Company incurred significant
losses in 2014 and 2013, and has limited liquidity.  These factors
raise substantial doubt about its ability to continue as a going
concern.


[*] Analyst Says Bankruptcy Looms for Some Oil Companies
--------------------------------------------------------
Rhonda Schaffler of TheStreet reported that Amrita Sen, Senior Oil
Analyst at Energy Aspects said the recent steep drop in oil prices
may lead to some oil company going out of business within a few
weeks.

According to Ms. Sen, low oil prices could reduce companies'
borrowing lines of credit from banks, which come up for renewal on
October 1.  "The banks will look back at the last twelve months of
WTI prices, which on average has been about $45 a barrel if not
lower," said Ms. Sen, according to TheStreet. "And suddenly the
amount of money available to these U.S. producers to borrow is
half, less than half in some cases, compared to a year ago. That
makes it very, very difficult for them to continue investing,
continue drilling."

Ms. Sen noted that that if prices stay at current levels or drop
further, [some] companies will be forced to file for bankruptcy as
early as October.  

Ms. Senn pointed out that:

     -- Linn Energy and Energy XXI have already exhausted more than
75% of the credit available to them, and they are in a "more tricky
position" than some of the bigger companies.  She said they're
possible bankruptcy candidates.

     -- there are several companies likely to see their borrowing
bases reduced by over 50%; and a reduction in credit will force
further capital expenditure cuts among energy companies.  These are
Midstates Petroleum, Resolute Energy, W&T Offshore, Breitburn
Energy, Energy XXI and Comstock Petroleum.


[*] Moody's Reviews Offshore Drillers for Downgrade
---------------------------------------------------
Moody's Investors Service placed the ratings of eleven offshore
drilling companies under review for downgrade.  The companies under
review include, Diamond Offshore Drilling, Inc. (A3), Ensco plc
(Baa1), Noble Corporation (Cayman Island) (rated subsidiaries
Baa3), Rowan Companies Inc. (Baa3), Transocean Inc. (Ba1 Corporate
Family Rating or CFR), Atwood Oceanics, Inc. (Ba2 CFR), Seadrill
Partners LLC (Ba3 CFR), Shelf Drilling Midco, Ltd. (Ba3 CFR), Ocean
Rig UDW Inc. (B2 CFR), Paragon Offshore plc (B2 CFR), and Pacific
Drilling S.A. (B3 CFR).  Moody's also affirmed the P-2 Commercial
Paper Ratings for Diamond Offshore and Ensco plc, respectively.

RATINGS RATIONALE

"The review reflects Moody's concern that offshore drilling
contractors will face an extremely challenging operating
environment through at least 2017," said Sajjad Alam, Moody's
Analyst.  "Sustained weak crude oil prices and a steady supply of
newbuild rigs will cause significant credit erosion as contracted
backlogs, revenues and cash flows continue to fade.  Against this
macro backdrop, fewer offshore drilling opportunities will be
available, resulting in a potentially prolonged period of lower
dayrates and fleet utilization."

Moody's review will focus on each drilling company's financial
flexibility and liquidity, contracted revenue backlog, fleet
quality/capability, customer composition, market position, and
newbuild capex commitments and contract exposure.  Moody's will
also consider industry-specific factors such as global offshore rig
demand, newbuild supply, rig retirements and potential dayrates
within the context of Moody's assumed commodity prices.

Crude oil prices showed renewed weakness in July and benchmark
Brent prices are down about 30% to $44/barrel (WTI down ~35% to
$39/barrel) after briefly stabilizing around the $60-$65/barrel
level during May and June, 2015.  Moody's expects oil prices to
remain volatile and rise minimally through 2017.  Upstream capital
spending is likely to continue at low levels as producers re-align
their respective cost structures to manage through a low and
uncertain commodity price environment.

Moody's expects lower E&P capital spending will lead to a
protracted downturn for the offshore contract drilling industry,
which is already struggling with an overcapacity problem and has
experienced sharply lower dayrates in 2015 in the context of
limited customer contract awards.

The full effect of this downturn on offshore drillers' earnings
potential and leverage position hasn't been fully revealed because
of the long-term nature of offshore drilling contracts.  Leverage
is expected to increase sharply by the end of 2017 as current
drilling obligations are completed or are replaced with lower price
contracts.

In light of these adverse industry developments and the likely
prolonged nature of this challenging operating environment, there
is a substantial risk for ratings downgrades.  Moody's will conduct
an in-depth analysis of each of the specified rated drillers over
the next couple of months and reach a rating conclusion based on
our view of each company's projected financial performance and
ability to navigate this industry downturn.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in December 2014.

Ratings Under Review for Downgrade:

Issuer: Diamond Offshore Drilling, Inc.
  Senior Unsecured Rating, A3
  Outlook, Under Review

Issuer: Ensco plc
  Senior Unsecured Rating, Baa1
  Outlook, Under Review

Issuer: Ensco International Incorporated
  Senior Unsecured Rating, Baa1
  Outlook, Under Review

Issuer: Pride International, Inc.
  Senior Unsecured Rating, Baa1
  Outlook, Under Review

Issuer: Noble Corporation (Cayman Island)
  Backed Senior Unsecured Commercial Paper Rating P-3

Issuer: Noble Drilling Corporation (debt assumed by Noble Holding
(U.S.) Corporation)
  Backed Senior Unsecured Rating, Baa3

Issuer: Noble Holding International Limited
  Backed Senior Unsecured Rating, Baa3
  Backed Senior Unsecured Shelf Rating, (P)Baa3
  Outlook, Under Review

Issuer: Rowan Companies Inc
  Senior Unsecured Rating, Baa3
   Outlook, Under Review

Issuer: Transocean Inc.
  Corporate Family Rating, Ba1
  Probability of Default Rating, Ba1-PD
  Senior Unsecured, Ba1(LGD4)
  Outlook, Under Review

Issuer: Atwood Oceanics, Inc.
  Corporate Family Rating, Ba2
  Probability of Default Rating, Ba2-PD
  Senior Unsecured, Ba3(LGD5)
  Senior Unsecured Shelf Rating, (P)Ba3
  Outlook, Under Review

Issuer: Seadrill Partners LLC
  Corporate Family Rating, Ba3
  Probability of Default Rating, Ba3-PD
  Outlook, Under Review

Issuer: Seadrill Operating LP
  Senior Secured Credit Facility, Baa3
  Backed Senior Secured Credit Facility, Ba3(LGD3)
  Outlook, Under Review

Issuer: Ocean Rig UDW Inc.
  Corporate Family Rating, B2
  Probability of Default Rating, B2-PD
  Senior Unsecured, Caa1(LGD6)
  Outlook, Under Review

Issuer: Drill Rigs Holdings Inc.
  Backed Senior Secured Notes, B3(LGD4)
  Outlook, Under Review

Issuer: Drillships Financing Holding Inc.
  Backed Senior Secured Credit Facility, B2(LGD3)
  Outlook, Under Review

Issuer: Drillships Oceans Ventures Inc.
  Backed Senior Secured Credit Facility, B2(LGD3)
  Outlook, Under Review

Issuer: Shelf Drilling Midco, Ltd.
  Corporate Family Rating, Ba3
  Probability of Default Rating, Ba3-PD
  Senior Secured Credit Facility, B1(LGD5)
  Outlook, Under Review

Issuer: Shelf Drilling Holdings, Ltd.
  Senior Secured Second Lien Notes, Ba3(LGD3)
  Outlook, Under Review

Issuer: Paragon Offshore plc
  Corporate Family Rating, B2
  Probability of Default Rating, B2-PD
  Senior Secured Credit Facility, Ba3(LGD2)
  Senior Unsecured, Caa1(LGD5)
  Outlook, Under Review

Issuer: Pacific Drilling S.A.
  Corporate Family Rating, B3
  Probability of Default Rating, B3-PD
  Senior Secured Credit Facility, B3(LGD3)
  Senior Secured Notes, B3(LGD3)
  Outlook, Under Review

Issuer: Pacific Drilling V Ltd.
  Backed Senior Secured Notes, Caa1(LGD4)
  Outlook, Under Review

Ratings Affirmed:

Issuer: Diamond Offshore Drilling, Inc.
  Senior Unsecured Commercial Paper at P-2

Issuer: Ensco plc
  Senior Unsecured Commercial Paper at P-2



                            *********

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
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re-mailing and photocopying) is strictly prohibited without prior
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                   *** End of Transmission ***