TCR_Public/151130.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, November 30, 2015, Vol. 19, No. 334

                            Headlines

21ST CENTURY ONCOLOGY: Reports Prelim. Q3 2015 Financial Results
30DC INC: Incurs $1.6 Million Net Loss in Fiscal 2015
ALLIANCE ONE: Gets Notice of Noncompliance from NYSE
ALLY FINANCIAL: Offering $750 Million Notes Due 2025
ALLY FINANCIAL: Signs Subordinated Indenture with Wilmington Trust

ALPHA NATURAL: Has Until April 29 to Remove Certain Civil Actions
ALPHA NATURAL: Says Executives Got Over $3.5M in Bonuses in 2014
ALPHA NATURAL: Wants to End Non-Union Retirees' Welfare Benefits
ALSIP ACQUISITION: Court Grants Dismissal of Chapter 11 Cases
AMERICAN APPAREL: Jan. 20 Confirmation Hearing on Joint Plan

AMERICAN APPAREL: May Conduct Store Closing Sales at 13 Stores
AMERICAN MEDIA: Conference Call Held to Discuss Q2 Results
AMERICAN MEDIA: Reports Second Quarter Fiscal Year 2016 Results
AMPLIPHI BIOSCIENCES: Amends Code of Business Conduct and Ethics
AMPLIPHI BIOSCIENCES: Incurs $1.72 Million Net Loss in 3rd Quarter

ANDALAY SOLAR: Edward Bernstein Named CEO, Pres. and Interim CFO
ANDALAY SOLAR: Needs More Time to File Third Quarter Form 10-Q
ANDALAY SOLAR: Reports $720K Net Loss in Third Quarter
APOLLO MEDICAL: Issues 600,000 Common Shares to NNA
APPLIED MINERALS: Annual Meeting Scheduled for Dec. 9

ASPEN GROUP: Hikes Authorized Shares Under 2012 Equity Plan
ASSOCIATED WHOLESALERS: Douglas A. Booth Designated as CRO
ATLANTIC & PACIFIC: Seeks Flatlands Store Sale to Back-up Bidder
ATLANTIC & PACIFIC: Seeks to Sell IP Assets to Key Food for $1.75MM
ATLANTIC & PACIFIC: Sues Lee & Associates for Over $12M Sale Bid

ATP OIL: Executives Dodge Final Part of Shareholder Suit
BERRY PLASTICS: Posts $86 Million Net Income for Fiscal 2015
BG MEDICINE: Common Stock Delisted from Nasdaq
BG MEDICINE: Harrison Bains Resigns as Director
BG MEDICINE: Reports Third Quarter 2015 Financial Results

BIOFUELS POWER: Clay Thomas Resigns as Auditor
BIOFUELS POWER: Files Sept. 30 Quarterly Report
BLACKAMG L.L.C.: Bankruptcy Court Dismisses Chapter 11 Case
BMB MUNAI: FFIN Becomes Wholly Owned Subsidiary of BMBM
BON-TON STORES: Announces Third Quarter Fiscal 2015 Results

BON-TON STORES: Tranche A Revolver Commitment Hiked to $730MM
BOREAL WATER: Has $250,000 Debenture with Saleh Al Sagri
BUILDERS FIRSTSOURCE: Pincus Reports 12.1% Stake as of Nov. 25
BUILDERS FIRSTSOURCE: Recasts Annual Report Financial Information
BUILDERS FIRSTSOURCE: Signs Underwriting Pact with Deutsche Bank

BURLESON LLP: Energy Law Boutique Firm Ceases Operation
CACHE INC: Wins Dismissal of Chapter 11 Cases
CASPIAN SERVICES: Harvey Sawikin Reports 13.3% Stake as of Nov. 20
CEETOP INC: Delays Filing of Third Quarter Form 10-Q
CEETOP INC: Incurs $147,000 Net Loss in Third Quarter

CHINA GINSENG: Incurs $750,000 Net Loss in First Quarter
COCRYSTAL PHARMA: Names Curtis Dale Interim CFO
COMMUNICATION INTELLIGENCE: Frank Elenio Rejoins Board
CRAILAR TECH: Bowra to Sell Assets; Bid Deadline January 5
CRYOPORT INC: Stockholders OK Hike of Authorized Common Shares

CUMULUS MEDIA: Crestview Owns 30% of Class A Shares as of Nov. 25
DALLAS PROTON: Cases Joint Administered for Procedural Purposes
DANIEL CARPENTER: Montana's Tax Claim Is Priority Claim
DEERFIELD RANCH: Court Allows Cash Collateral Use Through Dec. 31
DIGITAL DOMAIN: Court Approves Amendment to Postpetition Financing

DM RECORDS: Files for Chapter 11 Bankruptcy Protection
DOLPHIN DIGITAL: Incurs $341,000 Net Loss in Third Quarter
ECO BUILDING: Incurs $7.97 Million Net Loss in Third Quarter
ECO BUILDING: Needs More Time to File Form 10-Q
ECOSPHERE TECHNOLOGIES: Delays Third Quarter Form 10-Q for Review

ECOSPHERE TECHNOLOGIES: Incurs $16.2 Million Net Loss in Q3
EDENOR SA: Director Edgardo Volosin Tenders Resignation
EDENOR SA: Posts ARS214 Million Net Income in Third Quarter
EFT HOLDINGS: Needs More Time to File Sept. 30 Form 10-Q
EFT HOLDINGS: Posts $3.7 Million Net Income for Second Quarter

ELEPHANT TALK: Appoints Robert Turner as Executive Chairman
EMMAUS LIFE: Designation Agreement with Sarissa, et al., Canceled
EMMAUS LIFE: Terminates Designation Agreement with Sarissa
EMMAUS LIFE: Yutaka Niihara Reports 37.5% Stake as of Nov. 19
ENERGY & EXPLORATION: Responds to Involuntary Chapter 11 Petition

ENERGY FUTURE: $14,000 in Claims Switched Hands Between Aug & Nov
ENERGY FUTURE: Reaches Settlement With Committee Regarding Plan
ESP RESOURCES: Delays Third Quarter Form 10-Q
ESP RESOURCES: Incurs $590,000 Net Loss in Third Quarter
ESSAR STEEL: Algoma Holdings Files for Chapter 15 in Delaware

FINJAN HOLDINGS: $39.5M Jury Award Against Blue Coat Affirmed
FINJAN HOLDINGS: Granted 24th US Patent by USPTO
FIRST DATA: Sold $3.4 Billion Senior Notes due 2023
FIRST SOUTH: 4th Circuit Denies Bid for Damages on Sour Loan
FOREST DESIGNS: Files for Chapter 11 Bankruptcy Protection

FOUNDATION HEALTHCARE: To Get $3.85 Million from Real Estate Sale
FRAC SPECIALISTS: Taps CBRE Inc. to Appraise 3 Parcels of Property
FRAC SPECIALISTS: Taps GB-A to Appraise Machinery and Equipment
FTE NETWORKS: Tender Offer Expires Dec. 4
FUEL PERFORMANCE: Reports $407K Net Loss for Third Quarter

FULLCIRCLE REGISTRY: Needs More Time to File Form 10-Q
FULLCIRCLE REGISTRY: Posts $46.6K Net Income for Third Quarter
GENERAL MOTORS: Punitive Damage Ruling Mix Up Ignition Bellwether
GENIUS BRANDS: Files Third Quarter Form 10-Q With SEC
GENIUS BRANDS: Issues Letter to Shareholders

GENIUS BRANDS: Reports Third Quarter 2015 Financial Results
GLYECO INC: Amends Form S-1 Prospectus with SEC
GLYECO INC: Reports Fiscal Third Quarter Financial Results
GREENSHIFT CORP: Incurs $1.39 Million Net Loss in Third Quarter
GREENSHIFT CORP: Scott Kreisler Holds 9.9% Stake as of Nov. 13

GT ADVANCED: Gets Court Approval for Sapphire Furnace Auction
HALCON RESOURCES: Offers to Exchange Outstanding Unsecured Debt
HCSB FINANCIAL: Cancels Hearing on Class Action Suit Settlement
HD SUPPLY: Adopts Majority Voting Policy for Directors
HD SUPPLY: James G. Berges Resigns as Directors

HEALTHWAREHOUSE.COM: Reports 14.5% Quarterly Sales Growth
HUTCHESON MEDICAL: Trustee Can Hire S&W as Special Counsel
HUTCHESON MEDICAL: U.S. Trustee Files 2nd Bid to Dismiss Ch.11 Case
HYDROCARB ENERGY: Chris Herndon Reports Equity Stake
HYDROCARB ENERGY: Herndon Has Right to Appoint 66.6% of Directors

HYDROCARB ENERGY: Robert Harrell Appointed as Director
ICAGEN INC: Incurs $3.59 Million Net Loss in Third Quarter
IMAGEWARE SYSTEMS: Frischer Reports 4.7% Stake as of Nov. 22
IMAGEWARE SYSTEMS: Issues Corporate Update
IMPLANT SCIENCES: Incurs $911K Net Loss in First Quarter

IMPLANT SCIENCES: Reports First Quarter Fiscal 2016 Results
INDEPENDENCE TAX IV: Posts $2.42 Million Net Income for Q2
INFINITY ENERGY: Posts $5.7 Million Net Income for Third Quarter
INTELLIPHARMACEUTICS INT'L: To Present at the LD Micro Main Event
INTERLEUKIN GENETICS: May Issue 41MM Shares Under Incentive Plans

JEVIC TRANSPORTATION: Fired Truckers Seek Priority of $12M Claims
K&L GATES: Says Remainder of Malpractice Suit Falls Short
KU6 MEDIA: Reports Q3 Fiscal Year 2015 Financial Results
LA PATISSERIE: Case Summary & 15 Largest Unsecured Creditors
LATTICE INC: Incurs $1 Million Net Loss in Third Quarter

LEHMAN BROTHERS: Court Wipes Out FirstBank's $62 Million Claim
LEO MOTORS: Incurs $412,000 Net Loss in Third Quarter
LINDA AWKARD: Court Denies Application to Employ Wendel Webster
LUVU BRANDS: Delays Third Quarter Form 10-Q Filing
LUVU BRANDS: Incurs $222K Net Loss in First Quarter

MAGNETATION LLC: Jamar Gets Stay Relief to Preserve Mechanic's Lien
MARINA BIOTECH: Announces Third Quarter 2015 Financial Results
MARINA BIOTECH: Gets Milestone Payment from SMARTICLES Licensee
MEDICAL CAPITAL: Ex-CEO Reaches Deal With SEC Over Ponzi Scheme
MERCER INT'L: S&P Affirms 'B+' CCR, Outlook Revised to Positive

MIDSTATES PETROLEUM: Bruce Stover Is New Chairman of the Board
MIDSTATES PETROLEUM: R/C IV Eagle Holds 27.5% Stake as of Nov. 17
MINT LEASING: Delays Form 10-Q Due to Default Issues
MINT LEASING: Incurs $1.33 Million Net Loss in Third Quarter
MINWIND ENERGY: Sells 4 Turbines to Dean Tofteland-Led Group

MISSION NEW ENERGY: All Resolutions Approved at Annual Meeting
MMRGLOBAL INC: Reports $489,000 Net Loss for Third Quarter
MONAKER GROUP: Amends Form 10-Q to Deconsolidate Former Unit
MONAKER GROUP: Swaps $1.3 Million Notes for Common Shares
MOTORS LIQUIDATION: Administrator Files 2016 Admin. Costs Budget

MOTORS LIQUIDATION: One-Year Extension of GUC Trust Sought
MUSCLEPHARM CORP: To Explore Sale of BioZone Unit's Business
N-VIRO INTERNATIONAL: Delays Third Quarter Form 10-Q
N-VIRO INTERNATIONAL: Incurs $488K Net Loss in Third Quarter
NEPHROS INC: Announces Offer to Exercise 2011 Warrants

NET ELEMENT: Kenges Rakishev Reports 23.9% Stake as of Oct. 7
NET ELEMENT: Reports Third Quarter 2015 Results
NET ELEMENT: Shareholders OK Reverse Common Stock Split
NET ELEMENT: To Seek Extension of Nasdaq Compliance Period
NET TALK.COM: Incurs $651,000 Net Loss in Third Quarter

NEWLEAD HOLDINGS: Clarifies Press Release on $44.8MM Settlement
OMNICOMM SYSTEMS: Cornelis Wit Holds 51.5% Stake as of Nov. 19
OMNICOMM SYSTEMS: Cornelis Wit Reports 48.7% Stake as of Nov. 23
OMNICOMM SYSTEMS: Issues 37 Million Shares to Cornelis Wit
OW BUNKER: Ch. 11 Cases Reassigned to Judge Julie A. Manning

OW BUNKER: Inks Deal with ING Bank, Withdraws Venue Transfer Bid
OXYSURE SYSTEMS: Incurs $1.38 Million Net Loss in Third Quarter
PACIFIC RECYCLING: David Denecke Approved as Special Counsel
PACIFIC RECYCLING: Resolve Objections to Stan Levers Hiring
PERPETUAL ENERGY: Moody's Affirms Caa1 Corporate Family Rating

PLANDAI BIOTECHNOLOGY: Needs More Time to File Q3 Form 10-Q
POPULAR NORTH AMERICA: Fitch Affirms 'BB-' LT Issuer Default Rating
POSITRON CORP: Delays Third Quarter Form 10-Q Filing
POSITRON CORP: Incurs $255,000 Net Loss in Third Quarter
PRECISION OPTICS: Stuart Sternberg Holds 15.5% Stake as of Nov. 24

PRESIDENTIAL REALTY: Posts $49K Net Income for Third Quarter
PWK TIMBERLAND: Wants To Get $950K Secured Loan to Pay Settlement
QUIKSILVER INC: Apr. 6 Lease Decision Extension Excludes Store 726
QUIKSILVER INC: Seeks to Pay Bonuses to Key Employees
RESPONSE BIOMEDICAL: TSX Reviewing Continued Listing

ROSETTA GENOMICS: Empery Owns 5.6% of Shares of as of Oct. 13
ROSETTA GENOMICS: Hal Mintz Owns 5.78% of Shares as of Oct. 15
SALLY HOLDINGS: Has Offering of $750 Million Senior Notes
SALON MEDIA: John Warnock Discloses 34.9 Million Shares
SAMSON RESOURCES: UST Says Kirkland Fee Bid Is Unreasonable

SANUWAVE HEALTH: Reports Q3 Results, Provides Business Update
SOUTHERN REGIONAL HEALTH: Wants Until Feb. 25 to Reject Leases
SPIRE CORP: Needs More Time to File Form 10-Q
SPORTS AUTHORITY: Said to Hire Rothschild to Work on Turnaround
STELLAR BIOTECHNOLOGIES: Oakes Reports 4.5% Stake as of Nov. 24

SUNVALLEY SOLAR: Incurs $430,000 Net Loss in Third Quarter
TECHPRECISION CORP: Posts $255K Net Income for Second Quarter
TELKONET INC: Welcomes John Stark III as New CFO
THERAPEUTICSMD INC: Files Copy of Investor Presentation with SEC
THOMPSON COBURN: Wants Trustee's Claims of Terrorism Dismissed

TONGJI HEALTHCARE: Incurs $101,500 Net Loss in Third Quarter
TONGJI HEALTHCARE: Needs More Time to File Q3 Form 10-Q
TRANS ENERGY: Incurs $4.6 Million Net Loss in Third Quarter
TRANS ENERGY: Needs More Time to File Q3 Form 10-Q
TRANS-LUX CORP: Announces Completion of Rights Offering

TRANS-LUX CORP: Gabelli Funds Holds 35.4% Stake as of Nov. 19
TRANS-LUX CORP: GAMCO Entities File Schedule 13D
TRUMP ENTERTAINMENT: Wants Until May 9 to Propose Chapter 11 Plan
UNI-PIXEL INC: Has Public Offering of Common Stock and Warrants
UNI-PIXEL INC: Prices Public Offering of Common Stock and Warrants

UNITED BANCSHARES: Incurs $210K Net Loss in Third Quarter
UNIVERSITY OF NORTH CAROLINA: S&P Affirms BB Rating on 2010 Bonds
URANIUM ONE: Fitch Affirms 'BB-' Issuer Default Rating
VERITEQ CORP: Salberg & Co. Replaces EisnerAmper as Accountants
VERSO PAPER: Incurs $111 Million Net Loss in Third Quarter

VICTORY ENERGY: Settles Litigation with Trilogy
VIGGLE INC: Fails to Company with Nasdaq Requirement
VIGGLE INC: Receives Noncompliance Notice from Nasdaq
VIRTUAL PIGGY: Issues $20,000 Promissory Note to Investor
VIRTUAL PIGGY: Kathe Anchel Joins as CEO, Martha Snider as Chairman

VISCOUNT SYSTEMS: 3 Directors Quit Over Proposed Financing
VISCOUNT SYSTEMS: Corrects Report on Director Appointment
VISCOUNT SYSTEMS: Delays Third Quarter Form 10-Q for Review
VISCOUNT SYSTEMS: Incurs C$2.43 Million Net Loss in Third Quarter
VUZIX CORP: Provides Business Update, Reports Q3 2015 Results

WALTER ENERGY: Court Approves Auction Procedures
WALTER ENERGY: Has Until March 11 to Propose Chapter 11 Plan
WALTER ENERGY: Wants Bankruptcy Court's OK to End Labor Pacts
WAVE SYSTEMS: Delays Third Quarter Form 10-Q
WAVE SYSTEMS: Reports $1.69 Million Net Loss for Third Quarter

WEST CORP: Obtains Commitment for $250M Term Loan Refinancing
WESTMORELAND COAL: Accelerates Executive Management Transition
WESTMORELAND COAL: CEO Keith Alessi Retires
WESTMORELAND COAL: Mangrove Partners Has 5.6% Stake as of Nov. 19
WESTMORELAND RESOURCE: Jason Veenstra Named Director

WISE METALS: S&P Lowers Corp. Credit Rating to 'B-', Outlook Neg.
Z TRIM HOLDINGS: Delays Third Quarter Form 10-Q for Review
Z TRIM HOLDINGS: Incurs $1.63 Million Net Loss in Third Quarter
ZYNEX INC: Delays Filing of Third Quarter Form 10-Q
ZYNEX INC: Incurs $324,000 Net Loss in Third Quarter

[*] Haynes Sees More Exploration, Production Bankruptcies in 2015
[*] US Activists Target BDC Governance, Fitch Says
[*] Vinson & Elkins Adds David Meyer to Aid NY Restructuring Group
[^] BOND PRICING: For the Week from Nov. 23 to 27, 2015

                            *********

21ST CENTURY ONCOLOGY: Reports Prelim. Q3 2015 Financial Results
----------------------------------------------------------------
21st Century Oncology Holdings, Inc., announced its financial
results for the third quarter ended Sept. 30, 2015.

Dr. Daniel Dosoretz, founder, president and chief executive
officer, commented, "Although the financial results for the third
quarter were disappointing, we are pleased with our continued
organic performance and cash flow generation ability.  In June
2015, ASTRO published coding guidance on its website advising
providers to discontinue reporting the treatment simulation code
when IMRT treatment planning is ordered.  We subsequently amended
our coding policy to align with this guidance on July 1, which
resulted in a net reimbursement decline.  Additionally, during the
quarter changes in treatment modality became more prevalent.  The
change resulted in a fewer number of treatments delivered due to
improved technology that has allowed our physicians to treat
certain tumors utilizing a more-intensive radiation dose, but with
a fewer number of fractions.  As the largest global provider of
radiation therapy delivery we are at the forefront of implementing
the latest advances in clinical radiation practices throughout our
network."

Dr. Dosoretz continued, "Our fourth quarter cases per day, which of
course means an increase in new patients, are trending above third
quarter levels, causing me to be optimistic in regards to our 4th
quarter performance and for 2016.  Our integration of SFRO is on
schedule, and we expect to realize significant synergies from fully
combining this operation with the existing 21C operations in 2016.
Our recent acquisitions, joint ventures and international
operations continue to perform well and have outstanding long-term
prospects.  We remain focused on providing the necessary
technology, clinical best practices, and high quality operating
support to our physician network, so as to provide them with the
tools and resources to achieve superior outcomes."

The Company expects to report a net loss attributable to the
Company's shareholders of $27.13 million on $257.98 million of
total revenues for the three months ended Sept. 30, 2015, compared
to a net loss attributable to the Company's shareholders of $87.37
million on $257.61 million of total revenues for the same period a
year ago.

As of Sept. 30, 2015, the Company had $1.09 billion in total
assets, $1.29 billion in total liabilities, $404.17 million in
series A convertible redeemable preferred stock, $19.93 million in
noncontrolling interests - redeemable and a total deficit of
$624.04 million.

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

                        http://is.gd/VqvL99

                        About 21st Century

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

                            *     *     *

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

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


30DC INC: Incurs $1.6 Million Net Loss in Fiscal 2015
-----------------------------------------------------
30DC, Inc., filed with the Securities and Exchange Commission its
annual report on Form 10-K disclosing a net loss of $1.59 million
on $738,000 of total revenue for the year ended June 30, 2015,
compared to net income of $58,918 on $2.35 million of total revenue
for the year ended June 30, 2014.

As of June 30, 2015, the Company had $1.46 million in total assets,
$2.32 million in total liabilities and a total stockholders'
deficit of $865,000.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company has accumulated losses
from operations since inception and has a working capital deficit
as of June 30, 2015.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.

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

                      http://is.gd/TflMdf

                         About 30DC Inc.

New York-based 30DC, Inc., provides Internet marketing services
and related training to help Internet companies in operating their
businesses.  It operates in two divisions, 30 Day Challenge and
Immediate Edge.


ALLIANCE ONE: Gets Notice of Noncompliance from NYSE
----------------------------------------------------
Alliance One International, Inc. previously disclosed in its Form
12b-25 filed with the Securities and Exchange Commission on Nov.
10, 2015, that it was unable to file its Form 10-Q for the three
months ended Sept. 30, 2015, due to a delay in completing the
financial statements to be included in the Form 10-Q.  The delay is
related to discrepancies in accounts receivable and inventory at
the Company's Kenyan subsidiary, Alliance One Tobacco (Kenya)
Limited, discovered in the course of downsizing and terminating
certain operations as part of the Company's previously announced
restructuring and cost-saving initiative.  The Company said it is
working toward filing the Form 10-Q as soon as practicable.

On Nov. 17, 2015, the Company received a notice from NYSE
Regulation, Inc. indicating that the Company is not in compliance
with the continued listing requirements of the New York Stock
Exchange, under the timely filing criteria outlined in Section
802.01E of the NYSE Listed Company Manual, as a result of its
failure to timely file the Form 10-Q with the SEC.  Under the NYSE
rules, the Company will have six months from the date the Form 10-Q
was due to be filed with the SEC to file the Form 10-Q.  The
Company can regain compliance with the NYSE listing standards at
any time prior to such date by filing the Form 10-Q with the SEC.
If the Company does not file the Form 10-Q prior to such date, then
NYSE Regulation may grant, at its discretion, a further extension
of up to six additional months, depending on the specific
circumstances.  The letter from NYSE Regulation also notes that
NYSE Regulation may commence delisting proceedings at any time if
the circumstances warrant.

                        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-'.


ALLY FINANCIAL: Offering $750 Million Notes Due 2025
----------------------------------------------------
Ally Financial Inc. is offering an aggregate principal amount of
$750,000,000 of 5.750% subordinated notes due 2025 at an issue
price of 99.065%.

Interest on the Notes are payable semi-annually, in arrears on May
20 and November 20 of each year, until maturity, commencing May 20,
2016.

Joint Book-Running Managers:      

         Barclays Capital Inc.
         Citigroup Global Markets Inc.
         Deutsche Bank Securities Inc.
         J.P. Morgan Securities LLC
         Merrill Lynch, Pierce, Fenner & Smith
                     Incorporated

Co-Managers:      

         BMO Capital Markets Corp.
         CIBC World Markets Corp.
         Credit Agricole Securities (USA) Inc.
         Lloyds Securities Inc.
         Scotia Capital (USA) Inc.
         SG Americas Securities, LLC
         Blaylock Beal Van, LLC
         Drexel Hamilton, LLC
         Lebenthal & Co., LLC
         Mischler Financial Group, Inc.

A copy of the free writing prospectus is available at:

                      http://is.gd/iJnnBB

                       About Ally Financial

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

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

As of Sept. 30, 2015, the Company had $156 billion in total assets,
$142 billion in total liabilities, and $14.6 billion in total
equity.

                           *     *     *

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

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

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


ALLY FINANCIAL: Signs Subordinated Indenture with Wilmington Trust
------------------------------------------------------------------
Pursuant to the previously announced offering of $750,000,000
aggregate principal amount of 5.750% Subordinated Notes due 2025 to
be issued by Ally Financial Inc., Ally and Wilmington Trust,
National Association, as trustee, entered into the Subordinated
Indenture dated as of Nov. 20, 2015, providing for the issuance of
the Notes.  The Notes will be issued pursuant to the Indenture and
an action of the executive committee of Ally dated as of Nov. 17,
2015.

The Notes will bear interest at a rate of 5.750% per year. Interest
on the Notes will be payable semi-annually in arrears on May 20 and
November 20 of each year, commencing May 20, 2016. The Notes mature
on Nov. 20, 2025.  The Indenture contains limited covenants of
Ally.  Ally may redeem some or all of the Notes at such times and
on the terms provided for in the Indenture and the Notes.

In addition, on Nov. 17, 2015, Ally entered into an Underwriting
Agreement incorporating Ally's Underwriting Agreement Standard
Provisions (Debt Securities) with Barclays Capital Inc., Citigroup
Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan
Securities LLC and Merrill Lynch, Pierce, Fenner & Smith
Incorporated, as representatives of the several Underwriters named
therein, pursuant to which Ally agreed to sell to the Underwriters
$750,000,000 aggregate principal amount of the Notes.  The Notes
were registered pursuant to Ally's shelf registration statement on
Form S-3 (File No. 333-193070), which became automatically
effective on Dec. 24, 2013.

The Underwriting Agreement contains customary representations,
warranties and covenants of Ally, conditions to closing,
indemnification obligations of Ally and the Underwriters, and
termination and other customary provisions.

                      About Ally Financial

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

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

As of Sept. 30, 2015, the Company had $156 billion in total assets,
$142 billion in total liabilities, and $14.6 billion in total
equity.

                           *     *     *

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

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

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


ALPHA NATURAL: Has Until April 29 to Remove Certain Civil Actions
-----------------------------------------------------------------
The Hon. Kevin R Huennekens of the U.S. Bankruptcy Court for the
Eastern District of Virginia extended Alpha Natural Resources,
Inc., et al.'s time to remove actions until (a) April 29, 2016; or
(b) 30 days after the entry of an order terminating the automatic
stay with respect to any particular Civil Action sought to be
removed.

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.

The U.S. Trustee for Region 4 appointed seven creditors of Alpha
Natural Resources Inc. to serve on the official committee of
unsecured creditors.


ALPHA NATURAL: Says Executives Got Over $3.5M in Bonuses in 2014
----------------------------------------------------------------
Alpha Natural Resources said in its filings with the U.S.
Securities and Exchange Commission that it gave its executives more
than $3.5 million in bonuses a year before it filed for Chapter 11
bankruptcy protection.

According to federal filings, the Company's CEO, Kevin Crutchfield,
got $7.75 million in total compensation in 2014.  Nate Morabito,
writing for Wjhl.com, reports that the total number is actually
$180,000 less than he made in 2013.  The SEC filings show that
stock awards accounted for most of Mr. Crutchfield's 2014
compensation, but he also got an $815,100 performance bonus and
$500,000 retention bonus, the latter aimed at keeping him at the
helm to ensure stability through "difficult market and regulatory
conditions."

SEC filings reveal two other executives who took home retention
bonuses too, one of whom has since left the Company.  

All six of the Company's top executives also got performance
bonuses in 2014, which ranged from $138,125 to Mr. Crutchfield's
$815,100, SEC filings say.  

Citing the Company, Wjhl.com relates that on average, executive
compensation declined by 57% in 2015, and compensation for board of
directors has decreased by 47%, with the total number of board
members dropping by two.  The Company paid its board of directors a
total of $1.8 million in 2014, SEC filings show.

Wjhl.com reports that the Company has let go of workers and
proposed suspending medical and life insurance benefits for more
than 4,500 non-union retirees and their families, expecting to save
almost $3 million a year.

                   About Alpha Natural Resources

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.  As of
Dec. 31, 2014, the Company operated 60 mines and 22 coal
preparation plants in Northern and Central Appalachia and the
Powder River Basin, with approximately 8,900 employees.

Alpha Natural Resources, Inc. and certain of its wholly-owned
subsidiaries filed voluntary petitions (Bankr. E.D. Va. Lead Case
No. 15-33896) on Aug. 3, 2015.  The petition was signed by Richard
H. Verheij, executive vice president, general counsel and
corporate
secretary.

Jones Day serves as general counsel to the Debtors.  Hunton &
Williams LLP acts as the Debtors' local counsel.  Rothschild Group
represents as the Debtors' financial advisor.  The Debtors'
investment banker is Alvarez & Marsal Holdings, LLC.  Kurtzman
Carson Consultants serves as the Debtors' claims and noticing
agent.


ALPHA NATURAL: Wants to End Non-Union Retirees' Welfare Benefits
----------------------------------------------------------------
Alpha Natural Resources, Inc., and its affiliated debtors ask the
U.S. Bankruptcy Court for the Eastern District of Virginia,
Richmond Division authority to terminate non-pension welfare
benefits for their non-union retirees.

The non-pension welfare benefits that the Debtors seek to terminate
include hospital, medical, prescription and surgical benefits and
life insurance ("Non-Pension Retiree Benefits"). These Non-Pension
Retiree Benefits are currently offered to certain of the Debtors'
non-union retirees.

The Debtors relate that the Non-Pension Retiree Benefits currently
offered by them represent a financial burden on their chapter 11
estates, costing them approximately $2.7 million in 2014, for
payments made to or on behalf of Non-Union Retirees, and
representing an approximately $125 million liability on the
Debtors' balance sheets, for future payments expected to be made to
or on behalf of Non-Union Retirees and eligible Non-Union Active
Employees.  The Debtors further relate that for the nine months
ending Sept. 30, 2015, they have paid $2.8 million in Non-Pension
Retiree Benefits to or on behalf of Non-Union Retirees.

Henry P. Long, III, Esq., at Hunton & Williams LLP, in Richmond,
Virginia, contends that under applicable contract and
non-bankruptcy law, the Debtors possess the unilateral right to
terminate the Non-Pension Retiree Benefits because welfare
benefits, such as those provided under a health benefit plan,
generally are not vested, and an employer can choose to amend or
terminate such benefits at any time.  Mr. Long further contends
that in the Debtors' case, none of the plans governing the
Non-Pension Retiree Benefits contains "clear and express" language
purporting to vest Non-Pension Retiree Benefits and all of such
plans expressly reserve the unilateral right of the Debtors to
modify or terminate the plans and/or benefits at any time.

Mr. Long tells the Court that the Debtors have determined, in a
reasonable and sound exercise of their business judgment, that
termination of unvested Non-Pension Retiree Benefits as to their
Non-Union Retirees under the Non-Union Benefit Plans, effective as
of the Termination Date, is desirable and in the best interests of
their estates.  He further tells the Court that such termination
will immediately allow the Debtors to (a) conserve approximately $3
million per year, (b) eliminate an approximately $125 million
obligation from their consolidated balance sheet and (c) enhance
the Debtors' prospects of a successful reorganization.

                         Limited Objection

The United Mine Workers of America ("UMWA"), representing the
interests of both active and laid-off employees at the Debtors'
mining complexes and various retirees and dependents, relates that
it has been unable to determine whether UMWA retirees are affected
by the Debtors' motion. It further relates that it objects to the
Debtors' motion to the extent it affects UMWA retirees.

The Debtors are represented by:

          David G. Heiman, Esq.
          Carl E. Black, Esq.
          Thomas A. Wilson, Esq.
          JONES DAY
          North Point
          901 Lakeside Avenue
          Cleveland, OH 44114
          Telephone: (216)586-3939
          Facsimile: (216)579-0212
          E-mail: dgheiman@jonesday.com
                  ceblack@jonesday.com
                  tawilson@jonesday.com

                - and -

          Tyler P. Brown, Esq.
          J.R. Smith, Esq.
          Henry P. (Toby) Long, III, Esq.
          Justin F. Paget, Esq.
          HUNTON & WILLIAMS LLP
          Riverfront Plaza, East Tower
          951 East Byrd Street
          Richmond, VA 23219
          Telephone: (804)788-8200
          Facsimile: (804)788-8218
          E-mail: tpbrown@hunton.com
                  jrsmith@hunton.com
                  hlong@hunton.com
                  jpaget@hunton.com

The United Mine Workers of America is represented by:

          Sharon L. Levine, Esq.
          Paul Kizel, Esq.
          Philip J. Gross, Esq.
          Nicole M. Brown, Esq.
          LOWENSTEIN SANDLER LLP
          65 Livingston Avenue
          Roseland, NJ 07068
          Telephone: (973)597-2500
          E-mail: slevine@lowenstein.com
                  pkizel@lowenstein.com
                  pgross@lowenstein.com
                  nbrown@lowenstein.com

                - and -

          Troy Savenko, Esq.
          KAPLAN VOEKLER CUNNINGHAM & FRANK, PLC
          1401 East Cary Street
          Richmond, VA 23219
          Tel: (804)823-4000
          E-mail: tsavenko@kv-legal.com

                       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.  As of
Dec.
31, 2014, the Company operated 60 mines and 22 coal preparation
plants in Northern and Central Appalachia and the Powder River
Basin, with approximately 8,900 employees.

Alpha Natural Resources, Inc. and certain of its wholly-owned
subsidiaries filed voluntary petitions (Bankr. E.D. Va. Lead Case
No. 15-33896) on Aug. 3, 2015.  The petition was signed by Richard
H. Verheij, executive vice president, general counsel and
corporate
secretary.

Jones Day serves as general counsel to the Debtors.  Hunton &
Williams LLP acts as the Debtors' local counsel.  Rothschild Group
represents as the Debtors' financial advisor.  The Debtors'
investment banker is Alvarez & Marsal Holdings, LLC.  Kurtzman
Carson Consultants serves as the Debtors' claims and noticing
agent.



ALSIP ACQUISITION: Court Grants Dismissal of Chapter 11 Cases
-------------------------------------------------------------
Debtors Alsip Acquisition, LLC, et al., and the Official Committee
of Unsecured Creditors sought and obtained from Judge Kevin J.
Carey of the U.S. Bankruptcy Court for District of Delaware an
order dismissing their Chapter 11 cases.

Maria Aprile Sawczuk, Esq., at Goldstein & McClintock, LLP, in
Wilimington, Delaware, and Laura Davis Jones, Esq., at Pachulski
Stang Ziehl & Jones LLP, in Wilmington, Delaware tell the Court
that dismissal is the best approach to bring finality to the cases
because of these reasons:

  (a) the Debtors' assets have been sold;

  (b) Wells Fargo Bank, National Association, the Debtors'
pre-petition lender and DIP Lender has been paid;

  (c) administrative expenses, other than those owed to
professionals, have been fully paid; and,

  (d) the amounts owed to professionals are more than the remaining
funds held by the Debtors.

Ms. Sawczuk and Ms. Jones relate that the Debtors presently have
approximately $707,428 in funds in the estates.  They further
relate that the Debtors have requested approval of the Global
Settlement Agreement, which, if approved, will transfer an
additional $243,602 to the Debtors' estates for a total of $951,030
("Remaining Estate Funds").  They further relate that the Remaining
Estate Funds are not encumbered by any liens and all of the
Debtors' other assets have been fully liquidated.  They contend
that there are no remaining secured claims to be paid.

Judge Carey ordered that the dismissal of the cases be effective
upon the filing of a certification of counsel, by the Debtors and
the Official Committee of Unsecured Creditors, that: (a) all
quarterly fees of the U.S. Trustee have been paid in full,
including quarterly fees that accrue between the entry of the
Court's order and the filing of the certification; (b) all allowed
administrative expense claims, other than those of Professionals,
have been paid in full, and (c) all allowed Professional Fees have
been paid.

The Official Committee of Unsecured Creditors is represented by:

          Maria Aprile Sawczuk, Esq.
          Harold D. Israel, Esq.
          GOLDSTEIN & MCCLINTOCK, LLP
          1201 North Orange Street, Suite 7380
          Wilmington, DE 19801
          Telephone: (302)444-6710
          Facsimile: (302)444-6709
          E-mail: marias@restructuringshop.com

Alsip Acquisition and its affiliated debtors are represented by:

          Laura Davis Jones, Esq.
          Colin R. Robinson, Esq.
          Peter J. Keane, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          919 North Market Street, 17th Floor
          P.O. Box 8705
          Wilmington, DE 19899-8705 (Courier 19801)
          Telephone: (302)652-4100
          Facsimile: (302)652-4400
          E-mail: ljones@pszjlaw.com
                  crobinson@pszjlaw.com
                  pkeane@pszjlaw.com

                 - and -

          Richard E. Mikels, Esq.
          Kevin J. Walsh, Esq.
          Charles W. Azano, Esq.
          MINTZ, LEVIN, COHN, FERRIS,
          GLOVSKY AND POPEO P.C.
          One Financial Center
          Boston, MA 02111
          Telephone: (617)542-6000
          Facsimile: (617)542-2241
          E-mail: rmikels@mintz.com
                  kwalsh@mintz.com
                  cazano@mintz.com

                     About Alsip Acquisition

Alsip Acquisition, LLC and APCA, LLC were the leading North
American provider of responsibly made recycled paper for books and
magazines, as well as for commercial printing and packaging
applications.  The operational and manufacturing headquarters are
located in Alsip, Illinois, and consist of a 40-year-old mill and
a
leased warehouse in Alsip, Illinois.  The mill and warehouse were
idled in September 2014 following cash losses.  Most of Alsip's
stock is owned by FutureMark Holdings, LLC.

On Nov. 20, 2014, Alsip Acquisition and APCA each filed petitions
seeking relief under chapter 11 of the United States Bankruptcy
Code.  The Debtors' cases have been assigned to Judge Kevin J.
Carey (KJC). The cases have been jointly administered, with
pleadings maintained on the case docket for Case No. 14-12596.

The Debtors have tapped Mintz Levin Cohn Ferris Glovsky and Popeo
PC as counsel and Pachulski Stang Ziehl & Jones as co-counsel.
Epiq
Bankruptcy Solutions LLC is the claims and notice agent.

As of Oct. 31, 2014, the Debtors had $7.74 million of funded
indebtedness and related obligations outstanding.

The Debtors disclosed $12,906,018 in assets and $34,362,844 in
liabilities as of the Chapter 11 filing.

The Official Committee of Unsecured Creditors is represented by
Maria Aprile Sawczuk, Esq., and Harold D. Israel, Esq., at
Goldstein & McClintlock LLLP.  The Committee tapped to retain
GlassRatner Advisory & Capital Group LLC as its financial advisor.



AMERICAN APPAREL: Jan. 20 Confirmation Hearing on Joint Plan
------------------------------------------------------------
BankruptcyData reported that American Apparel filed with the U.S.
Bankruptcy Court a Joint Chapter 11 Plan of Reorganization and
related Disclosure Statement.

Documents filed with the Court explain, "The Plan will allow the
Debtors to strengthen their balance sheet by converting over $200
million of prepetition indebtedness into Reorganized American
Apparel Equity Interests and enabling the Debtors to obtain a
material infusion of new equity and debt capital upon emergence
that will permit the Debtors to exit bankruptcy protection
expeditiously and with sufficient liquidity to implement their
business plan.

In addition, the Plan will provide distributions to general
unsecured creditors in the form of units in a litigation trust and,
to each class of general unsecured creditors that accepts the Plan,
a portion of a $1 million cash payment....The Debtors may, subject
to the terms of the DIP Documents, convert the DIP Credit Facility
into the New Exit Facility Term Loan upon the Effective Date.

Pursuant and subject to the DIP Credit Agreement, the New Exit
Facility Term Loan will contain commitments for $30 million in
incremental loans, subject to reduction (i) based on the amount of
the New Equity Investment exceeding $10 million as determined in
accordance with the Equity Commitment Agreement....The Plan creates
seven Classes of Claims and two Classes of Interests per Debtor.
These Classes take into account the differing nature and priority
of Claims against and Interests in the Debtors."  

The Court scheduled a Jan. 20, 2016 confirmation hearing, with
objections due by Jan. 7.

                      About American Apparel

American Apparel, Inc., American Apparel (USA), LLC,  American
Apparel Retail, Inc., American Apparel Dyeing & Finishing, Inc.,
KCL Knitting, LLC and Fresh Air Freight, Inc. sought Chapter 11
bankruptcy protection (Bankr. D. Del. Proposed Lead Case No.
15-12055) on Oct. 5, 2015.  The petition was signed by Hassan
Natha as chief financial officer.

The Debtors reported total assets of $199,360,934 and total
liabilities of $397,576,744.

The Debtors and their non-debtor affiliates operate a vertically
integrated manufacturing, distribution, and retail business
focused
on branded fashion-basic apparel, employing approximately 8,500
employees across six manufacturing facilities and approximately
230
retail stores in the United States and 17 other countries
worldwide.

The Debtors have engaged Jones Day as restructuring counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, Moelis &
Company as investment banker, FTI Consulting, Inc. as financial
advisor, DJM Real Estate as real estate consultant and Garden City
Group, LLC as claims and noticing agent.


AMERICAN APPAREL: May Conduct Store Closing Sales at 13 Stores
--------------------------------------------------------------
American Apparel, Inc., and their affiliated debtors sought and
obtained from Judge Brendan L. Shannon of the U.S. Bankruptcy Court
for the District of Delaware authorization to conduct store closing
sales at nine of their "American Apparel" stores and four of their
"OAK" stores.

The Debtors tell the Court that they intend to close the closing
stores and, in advance thereof, hold "store closing sales" to sell
small amounts of inventory that are not suitable for sale online or
in other retail stores.

The Debtors relate that in their reasoned business judgment, they
have determined that their unprofitable American Apparel stores
cannot be turned around through a negotiation of rent concessions,
a right sizing of the labor force, the generation of additional
sales, or otherwise.  They further relate that each of the closing
stores has experienced operating losses for at least 12 months and
that most have above market rents -- some with rents of more than
double the prevailing market rate.  The Debtors add that many of
the stores are also located in areas that they believe are unlikely
to drive the retail traffic necessary to attain profitability.

The Debtors contend that when they purchased the OAK business in
July 2013, they did so with the expectation that these differences
could result in significant potential synergies between the two
brands that, if executed upon properly, would be profitable to
their businesses and enhance the American Apparel brand.  The
Debtors further contend that for a number of reasons, the
integration of the OAK Business into the existing American Apparel
operational infrastructure did not result in the hoped for
synergies, and the lack of specialized management and oversight
over the OAK Business, among other things, resulted in marked
underperformance of the OAK stores.  The Debtors assert that it is
in the best interests of their estates and creditors to divest the
OAK Business and to focus instead on the reorganization of the
Debtors' core American Apparel retail and online stores, rather
than devote additional resources and management to turnaround the
OAK Business.

The Official Committee of Unsecured Creditors supports the Debtors'
motion. On the other hand, Canary New York, Inc. objected to the
Debtors' motion.  The Debtor relates that Canary is a suitor of the
OAK Business and that Canary alleges that its preliminary,
nonbinding $600,000 offer will generate a greater recovery for the
estates than liquidating the OAK Merchandise.  The Debtor tells the
Court that according to its analysis, liquidating the OAK
Merchandise during the holiday season is expected to generate more
than $2 million in proceeds.

American Apparel and its affiliated debtors are represented by:

          Laura Davis Jones, Esq.
          James E. O'Neill, Esq.
          Joseph M. Mulvihill, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          919 N. Market Street, 17th Floor
          P.O. Box 8705
          Wilmington, DE 19899-8705 (Courier 19801)
          Telephone: (302)652-4100
          Facsimile: (302)652-4400
          E-mail: ljones@pszjlaw.com
                  joneill@pszjlaw.com
                  jmulvihill@pszjlaw.com

                 - and -

          Richard L. Wynne, Esq.
          Erin N. Brady, Esq.
          JONES DAY
          555 South Flower Street, 50th Floor
          Los Angeles, CA 90071
          Telephone: (213)489-3939
          Facsimile: (213)243-2539
          E-mail: rlwynne@jonesday.com
                  enbrady@jonesday.com

                 - and -

          Scott J. Greenberg, Esq.
          Genna L. Ghaul, Esq.
          JONES DAY
          222 East 41st Street
          New York, NY 10017
          Telephone: (212)326-3939
          Facsimile: (212)755-7306
          Email: sgreenberg@jonesday.com
                 gghaul@jonesday.com

The Official Committee of Unsecured Creditors is represented by:

          Domenic E. Pacitti, Esq.
          Richard M. Beck, Esq.
          KLEHR HARRISON HARVEY BRANZBURG LLP
          919 Market Street, Suite 1000
          Wilmington, DE 19801-3062
          Telephone: (302)426-1189
          Facsimile: (302)426-9193
          E-mail: dpacitti@klehr.com
                 rbeck@klehr.com

                 - and -

          David M. Posner, Esq.
          Gianfranco Finizio, Esq.
          KILPATRICK TOWNSEND & STOCKTON LLP
          The Grace Building
          1114 Avenue of the Americas
          New York, NY 10036-7703
          Telephone: (212)775-8764
          Facsimile: (212)658-9523
          E-mail: dposner@kilpatricktownsend.com
                  gfinizio@kilpatricktownsend.com

                 - and -

          Todd C. Meyers, Esq.
          Paul Rosenblatt, Esq.
          KILPATRICK TOWNSEND & STOCKTON LLP
          1100 Peachtree Street NE, Suite 2800
          Atlanta, Georgia 30309-4528
          Telephone: (404)815-6482
          Facsimile: (404)541-3307
          E-mail: tmeyers@kilpatricktownsend.com
                  paulrosenblatt@kilpatricktownsend.com

                      About American Apparel

American Apparel, Inc., American Apparel (USA), LLC,  American
Apparel Retail, Inc., American Apparel Dyeing & Finishing, Inc.,
KCL Knitting, LLC and Fresh Air Freight, Inc. sought Chapter 11
bankruptcy protection (Bankr. D. Del. Proposed Lead Case No.
15-12055) on Oct. 5, 2015.  The petition was signed by Hassan
Natha as chief financial officer.

The Debtors reported total assets of $199,360,934 and total
liabilities of $397,576,744.

The Debtors and their non-debtor affiliates operate a vertically
integrated manufacturing, distribution, and retail business
focused
on branded fashion-basic apparel, employing approximately 8,500
employees across six manufacturing facilities and approximately
230
retail stores in the United States and 17 other countries
worldwide.

The Debtors have engaged Jones Day as restructuring counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, Moelis &
Company as investment banker, FTI Consulting, Inc. as financial
advisor, DJM Real Estate as real estate consultant and Garden City
Group, LLC as claims and noticing agent.



AMERICAN MEDIA: Conference Call Held to Discuss Q2 Results
----------------------------------------------------------
American Media, Inc., held an earnings conference call on Nov. 17,
2015, at 3:30 p.m. EST to discuss the financial results for the
three and six month periods ended Sept. 30, 2015.

The Company filed its Quarterly Report on Form 10-Q for that period
with the Securities and Exchange Commission on Nov. 16, 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 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 MEDIA: Reports Second Quarter Fiscal Year 2016 Results
---------------------------------------------------------------
American Media, Inc., reported financial results for its three and
six month periods ended Sept. 30, 2015.

The Company announced that first half Fiscal Year 2016 Adjusted
EBITDA finalized at $38.4 million, which is an increase of 27%
versus the prior year.  True cash EBITDA for the first half fiscal
year 2016 is $26.4 million, which marks a 150% ($15.8 million)
increase versus the prior year with no addbacks.

AMI Chairman, President and CEO David Pecker said, "AMI's second
quarter and first half results underscore the incredible power of
our brands.  Our advertising performance is counter intuitive to
all industry trends and, coupled with the continued stabilization
of the newsstand, are great benchmarks for AMI's continued
success."

Second Quarter Fiscal Year 2016

AMI print advertising revenue of $12.7 million was up 3% while the
consumer magazine industry was down 12%.  Digital advertising
revenue of $4 million, including mobile, was up 78%.

Newsstand revenue of $29.9 million was equal to the prior year,
underscoring the return to stability at newsstands.

For the second fiscal quarter, Star and OK's print ad revenue was
up 3%, digital revenue was up 106%, and EBITDA was up 118% over the
prior year.

For the second fiscal quarter, Men's Fitness print ad revenue of
$1.9 million was equal to prior year, while EBITDA was up 81%. On
the newsstand, Men's Fitness showed a 10% gain of single copy sales
and announced a 17% circulation rate base increase from 600,000 to
700,000 beginning with the January 2016 issue.

Expenses

AMI fully implemented its $22.0 million Management Action Plan for
Fiscal Year 2016.  Over the previous seven years, AMI reduced its
total expenses by $180 million.

                       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 sept. 30, 2015, the Company had $440.10 million in total
assets, $451.17 million in total liabilities, $4 million in
redeemable noncontrolling interests and a total stockholders'
deficit of $15.06 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.


AMPLIPHI BIOSCIENCES: Amends Code of Business Conduct and Ethics
----------------------------------------------------------------
The Board of Directors of AmpliPhi Biosciences Corporation amended
and restated the Company's Code of Business Conduct and Ethics that
applies to all of the Company's directors, officers and employees.
The principal purpose of the amendment and restatement was to
provide additional guidance to covered personnel regarding the
available channels for reporting of possible legal or policy
violations and to make certain other technical and administrative
changes.  The revisions to the Code of Conduct did not relate to or
result in any waiver, explicit or implicit, of any provision of the
Code of Conduct applicable to the Company's principal executive
officer, principal financial officer, principal accounting officer,
controller or persons performing similar functions, or any other
officer of the Company.

                           About AmpliPhi

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

The Company reported net income attributable to common stockholders
of $21.8 million for the year ended Dec. 31, 2014, compared to a
net loss attributable to common stockholders of $65.2 million for
the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $36.3 million in total assets,
$19.2 million in total liabilities, $4 million in series B
redeemable convertible preferred stock, and total stockholders'
equity of $13 million.


AMPLIPHI BIOSCIENCES: Incurs $1.72 Million Net Loss in 3rd Quarter
------------------------------------------------------------------
Ampliphi Biosciences Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss attributable to common stockholders of $1.72 million on
$143,000 of revenue for the three months ended Sept. 30, 2015,
compared to net income attributable to common stockholders of
$20.88 million on $103,000 of revenue for the same period a year
ago.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss attributable to common stockholders of $7.61 million on
$347,000 of revenue compared to net income attributable to common
stockholders of $22.81 million on $308,000 of revenue for the same
period during the prior year.

As of Sept. 30, 2015, the Company had $34.07 million in total
assets, $7.47 million in total liabilities, $10.94 million in
series B redeemable convertible preferred stock, and $15.66 million
in total stockholders' equity.

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

                      http://is.gd/7yZy3e

                         About AmpliPhi

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

The Company reported net income attributable to common stockholders
of $21.82 million for the year ended Dec. 31, 2014, compared to a
net loss attributable to common stockholders of $65.2 million for
the year ended Dec. 31, 2013.


ANDALAY SOLAR: Edward Bernstein Named CEO, Pres. and Interim CFO
----------------------------------------------------------------
Andalay Solar, Inc., announces that Mr. Steven Chan is stepping
down as CEO, president and interim chief financial officer as of
Nov. 20, 2015, and the Company's former director, Mr. Ed Bernstein,
is assuming those roles effective Nov. 21, 2015.  Mr. Chan will
also resign as a member of the Board as of Nov. 20, 2015, but will
stay on as an advisor to the Company after that in order to
facilitate a smooth transition to Mr. Bernstein.

"The Board would like to thank Mr. Chan for presiding over the
Company the past year and a half, culminating in an agreement with
a Tier One module manufacturer, Hyundai Heavy Industries, licensing
and producing Andalay compatible modules, as well as the migration
to a low cost licensing model," said Mark Kalow, who continues as a
director and board chairman.

Mr. Bernstein, who will also serve as a director, effective
Nov. 13, 2015, will be tasked with enhancing shareholder value with
the Andalay product offering and assets, and assessing and
implementing strategic options for the Company.  Given Mr.
Bernstein's experience with working with companies in challenging
and turnaround situations, the Board believes this appointment to
be a critical step in moving Andalay forward.

Mr. Bernstein was a director of Andalay from 2010 until earlier
this year.  Most recently, he had served as director and CEO of
ACDGO Software, Ltd., a private image technology company from
December 2014 to November 2015.  From 2008 to 2011, he was CEO and
director of Propell Technologies Group, and is also co-founder of
Creekside LLC, a private technology consulting company. From April
2002 to October 2006 Mr.  Bernstein served as chief executive
officer and co-founder of PhotoTLC, Inc.  Mr. Bernstein also
co-founded Palladium Interactive, Inc., and was an officer of
Broderbund Software, Inc., and The Software Toolworks, Inc. Certain
details of the Company's compensation arrangements with Mr.
Bernstein will be provided in a Current Report Form 8-K to be filed
by the Company when finalized.

In connection with his appointment as chief executive officer,
president and interim chief financial officer, Mr. Bernstein is
expected to receive an annual base salary of $250,000 and is
eligible for discretionary performance bonus payments as well as
stock compensation related incentives.  The Company also intends to
provide Mr. Bernstein with a "Sale of the Company Bonus" where he
will be entitled to receive an agreed upon percentage of any sale
proceeds should our Company or substantially all of its assets be
sold.

                        About Andalay Solar

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

Andalay Solar reported a net loss attributable to common
stockholders of $1.87 million for the year ended Dec. 31, 2014,
compared with a net loss attributable to common stockholders of
$3.85 million for the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $1.84 million in total assets,
$4.18 million in total liabilities and a $2.34 million total
stockholders' deficit.

Burr Pilger Mayer, Inc., in San Jose, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company's significant
operating losses and negative cash flow from operations raise
substantial doubt about its ability to continue as a going concern.


ANDALAY SOLAR: Needs More Time to File Third Quarter Form 10-Q
--------------------------------------------------------------
Andalay Solar, Inc., was unable, without unreasonable effort or
expense, to file its quarterly report on Form 10-Q for the three
and nine months ended Sept. 30, 2015, by the Nov. 16, 2015, filing
date applicable to smaller reporting companies due to a delay
experienced by the Company in completing its financial statements
and other disclosures in the Quarterly Report.  As a result, the
Company is still in the process of compiling required information
to complete the Quarterly Report and financial statements for the
quarter ended Sept. 30, 2015, to be incorporated in the Quarterly
Report.  The Company anticipates that it will file the Quarterly
Report no later than the fifth calendar day following the
prescribed filing date.

                       About Andalay Solar

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

Andalay Solar reported a net loss attributable to common
stockholders of $1.87 million for the year ended Dec. 31, 2014,
compared with a net loss attributable to common stockholders of
$3.85 million for the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $1.84 million in total assets,
$4.18 million in total liabilities and a $2.34 million total
stockholders' deficit.

Burr Pilger Mayer, Inc., in San Jose, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company's significant
operating losses and negative cash flow from operations raise
substantial doubt about its ability to continue as a going concern.


ANDALAY SOLAR: Reports $720K Net Loss in Third Quarter
------------------------------------------------------
Andalay Solar, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $720,000 on $191,000 of net revenue for the three months ended
Sept. 30, 2015, compared to a net loss of $571,000 on $606,000 of
net revenue for the same period in 2014.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $2.07 million on $807,000 of net revenue compared to a
net loss of $1.27 million on $1.05 million of net revenue for the
same period last year.

As of Sept. 30, 2015, the Company had $826,350 in total assets,
$3.31 million in total liabilities and a total stockholders'
deficit of $2.49 million.

"This is a good time to transition to our new CEO Ed Bernstein as
we have significantly reduced our historical debt, reduced our
operating expenses to be lower than they've ever been during my
time at Andalay and we have established the licensing model with a
Tier One module partner having Hyundai Heavy Industries as our
module partner," commented Steven Chan, president & CEO.  "I wish
the Company and Ed well with bringing the Company to the next level
of success."

The Company is still working with financial advisors to raise
capital and settle past debts and accounts payable.  It is critical
to Andalay's future that it successfully does this in order to have
the financial strength to be able to execute on the future
strategy.

The Company said it is still working with financial advisors to
raise capital and settle past debts and accounts payable.
According to the Company, it is critical to its future that it
successfully does this in order to have the financial strength to
be able to execute on the future strategy.

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

                     http://is.gd/zMw6a1

                      About Andalay Solar

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

Andalay Solar reported a net loss attributable to common
stockholders of $1.87 million for the year ended Dec. 31, 2014,
compared with a net loss attributable to common stockholders of
$3.85 million for the year ended Dec. 31, 2013.

Burr Pilger Mayer, Inc., in San Jose, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company's significant
operating losses and negative cash flow from operations raise
substantial doubt about its ability to continue as a going concern.


APOLLO MEDICAL: Issues 600,000 Common Shares to NNA
---------------------------------------------------
Apollo Medical Holdings, Inc., entered into a Second Amendment and
Conversion Agreement with NNA Nevada, Inc., Warren Hosseinion, M.D.
and Adrian Vazquez, M.D.  Hosseinion is chief executive officer,
director and a more than 5% shareholder of the Company and Vazquez
is chief medical officer and a more than 5% shareholder of the
Company.
Pursuant to the Conversion Agreement, the Company agreed to issue
275,000 shares of Common Stock and to pay accrued and unpaid
interest of $47,112, to NNA in full satisfaction of NNA’s
conversion and other rights under the 8% Convertible Note dated
March 28, 2014, issued by the Company to NNA, in the principal
amount of $2,000,000.

Pursuant to the Conversion Agreement, the Company also agreed to
issue a total of 325,000 shares of Common Stock to NNA in exchange
for all Warrants held by NNA, under which NNA had the right to
purchase 300,000 shares of Common Stock at an exercise price of $10
per share and 200,000 shares at an exercise price of $20 per share,
in each case subject to anti-dilution adjustments.

The Conversion Agreement amended certain terms of the Registration
Rights Agreement, dated March 28, 2014, between the Company and
NNA, with respect to the timing of the filing deadline for a resale
registration statement covering NNA's registrable securities.

The Conversion Agreement amended the Investment Agreement, dated
March 28, 2014, between the Company and NNA, (i) to delete NNA's
right to subscribe to purchase a pro rata share of certain new
equity securities that may be issued by the Company in the future
and (ii) to provide that NNA must hold at least 200,000 shares of
Common Stock to have the right (y) to appoint a representative to
attend all meetings of the Company's Board of Directors and any
committee thereof in a nonvoting observer capacity, and (z) to have
a representative nominated as a member of the Company’s Board and
each committee thereof, including without limitation the Company's
compensation committee.

On Nov. 17, 2015, the Company agreed to issue a total of 600,000
shares of Common Stock to NNA pursuant to the Conversion
Agreement.

                       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.

As of Sept. 30, 2015, the Company had $13.64 million in total
assets, $17.60 million in total liabilities and a total
stockholders' deficit of $3.95 million.


APPLIED MINERALS: Annual Meeting Scheduled for Dec. 9
-----------------------------------------------------
The 2015 annual meeting of Applied Minerals, Inc. will be held on
Dec. 9, 2015, at Vanderbilt Suites, MetLife Building, 44th Street
at Vanderbilt Ave., New York, New York 10166 at 1:30 P.M. Eastern
Time.  Stockholders may attend the meeting in person.  The meeting
will be webcast and stockholders and others may attend though the
website www.virtualshareholdermeeting.com/AMNL2015.  A business
update presentation will be provided as part of the meeting and
will be available on the Company's Web site, located at
www.appliedminerals.com, prior to the beginning of the meeting.

                     About Applied Minerals

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

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


ASPEN GROUP: Hikes Authorized Shares Under 2012 Equity Plan
-----------------------------------------------------------
Aspen Group, Inc., amended the Company's 2012 Equity Incentive Plan
to increase the number of authorized shares under the Plan by 4
million shares to a total of 20.3 million shares.

In addition, on Nov. 20, 2015, as compensation for their services
on a special committee of the Board of Directors, the Company
granted 250,000 five-year stock options (exercisable at $0.165 per
share) to each of C. James Jensen, Andrew Kaplan and Rick Solomon.
The options vest in three equal annual increments with the first
vesting date being one year from the grant date, subject to
continued service as a director on each applicable vesting date.

                         About Aspen Group

Denver, Colo.-based Aspen Group, Inc., was founded in Colorado in
1987 as the International School of Information Management.  On
Sept. 30, 2004, it was acquired by Higher Education Management
Group, Inc., and changed its name to Aspen University Inc.  On
May 13, 2011, the Company formed in Colorado a subsidiary, Aspen
University Marketing, LLC, which is currently inactive.  On
March 13, 2012, the Company was recapitalized in a reverse merger.

Aspen's mission is to become an institution of choice for adult
learners by offering cost-effective, comprehensive, and relevant
online education.  Approximately 88 percent of the Company's
degree-seeking students (as of June 30, 2012) were enrolled in
graduate degree programs (Master or Doctorate degree program).
Since 1993, the Company has been nationally accredited by the
Distance Education and Training Council, a national accrediting
agency recognized by the U.S. Department of Education.

Aspen Group reported a net loss of $4.2 million on $5.2 million of
revenues for the year ended April 30, 2015, compared to a net loss
of $5.3 million on $3.9 million of revenues for the year ended
April 30, 2014.

As of July 31, 2015, the Company had $5.6 million in total assets,
$3.6 million in total liabilities and $1.9 million in total
stockholders' equity.


ASSOCIATED WHOLESALERS: Douglas A. Booth Designated as CRO
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware, in a second
revised order, authorized ADI Liquidation, Inc., formerly known as
AWI Delaware, Inc., et al., to employ Carl Marks Advisory Group LLC
and designate Douglas A. Booth as the Debtors' chief restructuring
officer.

Carl Marks will (i) provide the Debtors a chief restructuring
officer and additional personnel; and (ii) designate Mr. Booth as
CRO nunc pro tunc to Sept. 1, 2015.

The second revised order provides that the fee structure will be
adjusted affective as of Oct. 1, 2015, such that Carl Marks will be
compensated for work performed by Mr. Booth and any additional Carl
Mark Personnel on an hourly basis, with a 10% discount on partner
and managing director normal and customary hourly rates plus
reimbursement of its actual incurred expenses.

Mark Minuti, Esq., at Saul Ewing LLP, counsel for the Debtors
submitted a certification of counsel on the Debtors' motion for
second revised order authorizing employment of Carl Marks.

                   About Associated Wholesalers

Founded in 1962 and headquartered in Robesonia, Pennsylvania,
Associated Wholesalers Inc. serviced 800 supermarkets, specialty
stores, convenience stores and superettes with grocery, meat,
produce, dairy, frozen foods and general merchandise/health and
beauty care products.  AWI, with distribution facilities in
Robesonia, Pennsylvania, and York, Pennsylvania, served the
mid-Atlantic United States.  AWI is owned by its 500 retail
members, who in turn operate supermarkets.  AWI had 1,459
employees.

White Rose Inc. is a food wholesaler and distributor serving the
greater New York metropolitan area.  The company traces its origins
to 1886, when brothers Joseph and Sigel Seeman founded Seeman
Brothers & Doremus to provide grocery deliveries throughout New
York City.  White Rose carries out its operations through three
leased warehouse and distribution centers, two of which are located
in Carteret, New Jersey, and one in Woodbridge, New Jersey.  White
Rose has 777 employees.

Associated Wholesalers and its affiliates sought Chapter 11
bankruptcy protection on Sept. 9, 2014, to sell their assets under
11 U.S.C. Sec. 363 to C&S Wholesale Grocers, absent higher and
better offers.  The Debtors were granted joint administration of
their Chapter 11 cases for procedural purposes, under the lead case
of AWI Delaware, Inc., Bankr. D. Del. Case No. 14-12092.

As of the Petition Date, the Debtors owed the Bank Group
(consisting of lenders, Bank of America, N.A., Bank of American
Securities LLC as sole lead arranger and joint book runner, Wells
Fargo Capital Finance, LLC as joint book runner and syndication
agent, and RBS Capita, as documentation agent) an aggregate
principal amount of not less than $131,857,966 (inclusive of
outstanding letters of credit), plus accrued interest.  The Debtors
estimate trade debt of $72 million.  AWI Delaware disclosed $11,440
in assets and $125,112,386 in liabilities as of the Chapter 11
filing.

Saul Ewing LLP and Rhoads & Sinon LLP are serving as legal advisors
to the Debtors, Lazard Middle Market is serving as financial
advisor, and Carl Marks Advisors is serving as restructuring
advisor to AWI.  Carl Marks' Douglas A. Booth has been tapped as
chief restructuring officer.  Epiq Systems serves as the claims
agent.

The Official Committee of Unsecured Creditors is represented by
David B. Stratton, Esq., and Evelyn J. Meltzer, Esq., at Pepper
Hamilton, LLP, in Wilmington, Delaware; and Mark T. Power, Esq.,
and Christopher J. Hunker, Esq., at Hahn & Hessen LLP, in New York.
The Committee also has retained Capstone Advisory Group, LLC,
together with its wholly-owned subsidiary Capstone Valuation
Services, LLC, as its financial advisors.

The Troubled Company Reporter, on Nov. 5, 2014, reported that the
Bankruptcy Court authorized Associated Wholesalers to sell
substantially all of its assets, including their White Rose grocery
distribution business, to C&S Wholesale Grocers, Inc.   The C&S
purchase price consists of the lesser of the amount of the bank
debt, which totals about $18.1 million and $152 million, plus other
liabilities, which amount is valued at $194 million.  C&S,
according to Bill Rochelle and Sherri Toub, bankruptcy columnists
for Bloomberg News, ended up paying $86.5 million more cash to be
anointed as the winner at the auction.

Associated Wholesalers, which changed its name to AWI Delaware,
Inc., prior to the approval of the sale.  AWI Delaware notified the
Bankruptcy Court on Nov. 12, 2014, that closing occurred in
connection with the sale of their assets to C&S.  AWI Delaware then
changed its name to ADI Liquidation, Inc., following the closing of
the sale.


ATLANTIC & PACIFIC: Seeks Flatlands Store Sale to Back-up Bidder
----------------------------------------------------------------
The Great Atlantic & Pacific Tea Company, Inc., and its affiliated
Debtors ask the U.S. Bankruptcy Court for the Southern District of
New York to approve the sale of Store Number 72634, located at 1110
Flatlands Avenue, Brooklyn, New York, to back-up bidder, Bogopa
Service Corp. d/b/a Food Bazaar for $4,597,000.

Salvatore A. Romanello, Esq., at Weil, Gotshal & Manges LLP in New
York, New York, relates that Food Bazaar was the stalking horse
bidder for the Flatlands Store.  Mr. Romanello further relates that
at an auction held on Oct. 8, 2015, Lee & Associates was declared
the "Successful Bidder" for a purchase price of $5,000,000 plus
inventory and Food Bazaar was declared the Back-Up Bidder for the
Flatlands Store for a purchase price of $4,667,000 plus inventory.
He contends that it has been five weeks since the auction, and Lee
& Associates has yet to submit fully executed documentation
memorializing the terms of its Successful Bid.  Mr. Romanello
further contends that under the court-approved bidding procedures
that governed the auction and pursuant to which Lee & Associates
submitted its binding bid, Lee & Associates was required to submit
such documentation within one business day of the auction.  He adds
that representatives of Lee & Associate have stated that Lee &
Associates does not intend to proceed with the purchase of either
the Flatlands Store or Store Number 59512, located at 1425 Kennedy
Boulevard, North Bergen, New Jersey ("North Bergen Store") for
which Lee & Associates was also the successful bidder.  Mr.
Romanello asserts that under these circumstances, and given the
Debtors' operational shut down to occur no later than Nov. 30,
2015, the Debtors must mitigate their damages by proceeding with
the sale of the Stores to Food Bazaar, the Back-Up Bidder.

The Debtors have entered into modified agreements with Food Bazaar
for the purchase of the Flatlands Store.  According to the modified
agreements, Food Bazaar is purchasing the Debtors' leasehold
interest and furniture, fixtures and equipment at the Stores.
Inventory is not being purchased.  The modified agreements further
provide that Food Bazaar will waive its break-up fee for the
Flatlands Store and that the sale of the Flatlands Store will close
on Nov. 30, 2015.

                    Lee & Associates' Objection

Lee and Associates asserts that the Debtors' decision to spurn any
transaction with Lee & Associates and proceed with Food Bazaar is
unreasonable and unjustified under the circumstances.  It further
asserts that the Debtors' contentions regarding the length of time
that has passed without a signed agreement is disingenuous, as it
is the Debtors that have on numerous occasions failed to provide a
final, execution version of a Lease Sale Agreement when requested.
Lee & Associates add that the Debtors have placed a great deal of
emphasis on Lee & Associates' inability to close on the North
Bergen Store as somehow demonstrating an inability to close on the
Flatlands Store.  Lee & Associates contend that the sales of these
two stores are entirely separate transactions with different
circumstances surrounding each, and an inability to consummate a
sale on one transaction under the circumstances does not
demonstrate any inability to consummate a sale on the other
transaction.  Lee & Associates tells the Court that together with
Mr. Francisco Jin, they are prepared to proceed with a prompt
closing of a sale transaction on the Flatlands Store on terms that
Lee & Associates believes will provide greater benefit to the
Debtors' estates.

                North Bergen's Response to Motion

North Bergen UE LLC relates that it had previously filed an
objection to the adequate assurance provided by Bogopa and the
proposed cure amount.  It further relates that discussions
regarding adequate assurance are ongoing between North Bergen and
Bogopa, and North Bergen is optimistic that an amicable resolution
of these issues will be reached.  North Bergen tells the Court that
because certain adequate assurance issues remain outstanding as to
the North Bergen lease as of the deadline for filing a response to
the Sale Motion, North Bergen files its Response to clarify the
record on this matter and reserves its rights regarding assumption
and assignment of the North Bergen lease, which should be resolved
separately from the pending Sale Motion regarding Flatlands.

The Great Atlantic & Pacific is represented by:

          Ray C. Schrock, Esq.
          Salvatore A. Romanello, Esq.
          Garrett A. Fail, Esq.
          WEIL, GOTSHAL & MANGES LLP
          767 Fifth Avenue
          New York, NY 10153
          Telephone: (212)310-8000
          Facsimile: (212)310-8007
          E-mail: ray.schrock@weil.com
                  salvatore.romanello@weil.com
                  garrett.fail@weil.com

Lee & Associates is represented by:

          Daniel G. Egan, Esq.
          DLA PIPER LLP (US)
          1251 Avenue of the Americas
          New York, NY 10020
          Telephone: (212)335-4500
          Facsimile: (212)335-4501
          E-mail: daniel.egan@dlapiper.com

North Bergen is represented by:

          Valerie A. Hamilton, Esq.
          SILLS CUMMIS & GROSS, P.C.
          101 Park Avenue, 28th Floor
          New York, NY 10178
          Telephone: (212)643-7000
          Facsimile: (212)643-6500
          E-mail: vhamilton@sillscummis.com

                     About Atlantic & Pacific

Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea
Company, Inc., and its affiliates are one of the nation's oldest
leading supermarket and food retailers, operating approximately
300
supermarkets, beer, wine, and liquor stores, combination food and
drug stores, and limited assortment food stores across six
Northeastern states.  The primary retail operations consist of
supermarkets operated under a variety of well known trade names,
or
"banners," including A&P, Waldbaum's, SuperFresh, Pathmark, Food
Basics, The Food Emporium, Best Cellars, and A&P Liquors.  The
Company employs approximately 28,500 employees, over 90% of whom
are members of one of twelve local unions whose members are
employed by the Debtors under the authority of 35 separate
collective bargaining agreements.

Then with 429 stores, A&P and its affiliates filed Chapter 11
petitions (Bankr. S.D.N.Y. Case No. 10-24549) on Dec. 12, 2010,
and
in 2012 emerged from Chapter 11 bankruptcy as a privately held
company with 320 supermarkets.

On July 19, 2015, with 300 stores, A&P and 20 affiliated debtors
each filed a Chapter 11 petition (Bankr. S.D.N.Y.) after reaching
deals for the going concern sales of 120 stores.  The Debtors are
seeking joint administration under Case No. 15-23007.

As of Feb. 28, 2015, the Debtors reported total assets of $1.6
billion and liabilities of $2.3 billion.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel, Evercore
Group L.L.C., as investment banker, FTI Consulting, Inc., as
financial advisor, Hilco Real Estate, LLC, as real estate advisor,
and Prime Clerk LLC, as claims and noticing agent.

Judge Robert D. Drain of the U.S. Bankruptcy Court for the
Southern
District of New York issued an order directing joint
administration
of the Chapter 11 cases of The Great Atlantic & Pacific Tea
Company, Inc., and its debtor affiliates under lead case no.
15-23007.



ATLANTIC & PACIFIC: Seeks to Sell IP Assets to Key Food for $1.75MM
-------------------------------------------------------------------
The Great Atlantic & Pacific Tea Company, Inc., and its debtor
affiliates seek authority from the U.S. Bankruptcy Court for the
Southern District of New York to sell their intellectual property
assets, which include the "Food Emporium" banner, trademarks,
domain names, e-commerce business and fully-developed mobile
application, to Key Food Stores Co-operative, Inc., for $1.75
million, subject to higher or better offers.

In the event a Qualified Bid is received, the Debtors propose to
conduct an auction on December 2, 2015.  In the event that the
Debtors receive objections to the Sale Transaction, the Debtors ask
the Court to schedule a hearing to consider approval of the Sale
Transaction for December 2, 2015.

The Debtors also ask the Court to schedule a sale approval hearing
on December 10, at 10:00 a.m. (Eastern Time) if there is an Auction
and an objection to the Sale Transaction with the Successful Bidder
is filed.

The Debtors also ask the Court to grant temporary grant license to
the Stalking Horse Bidder to use the "Food Emporium" banner, as set
forth in the Stalking Horse Agreement, through December 31, 2015,
regardless of whether the Stalking Horse Bidder is the Successful
Bidder; provided, that if Key Food is a "Back-Up" Bidder after an
Auction, the license will be automatically extended to January 15,
2016.

The Debtors are represented by:

         Ray C. Schrock, Esq.
         WEIL, GOTSHAL & MANGES LLP
         767 Fifth Avenue
         New York, New York 10153
         Telephone: (212) 310-8000
         Facsimile: (212) 310-8007
         Email: ray.schrock@weil.com

                       About Atlantic & Pacific

Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea
Company, Inc., and its affiliates are one of the nation's oldest
leading supermarket and food retailers, operating approximately
300
supermarkets, beer, wine, and liquor stores, combination food and
drug stores, and limited assortment food stores across six
Northeastern states.  The primary retail operations consist of
supermarkets operated under a variety of well known trade names,
or
"banners," including A&P, Waldbaum's, SuperFresh, Pathmark, Food
Basics, The Food Emporium, Best Cellars, and A&P Liquors.  The
Company employs approximately 28,500 employees, over 90% of whom
are members of one of twelve local unions whose members are
employed by the Debtors under the authority of 35 separate
collective bargaining agreements.

Then with 429 stores, A&P and its affiliates filed Chapter 11
petitions (Bankr. S.D.N.Y. Case No. 10-24549) on Dec. 12, 2010,
and
in 2012 emerged from Chapter 11 bankruptcy as a privately held
company with 320 supermarkets.

On July 19, 2015, with 300 stores, A&P and 20 affiliated debtors
each filed a Chapter 11 petition (Bankr. S.D.N.Y.) after reaching
deals for the going concern sales of 120 stores.  The Debtors are
seeking joint administration under Case No. 15-23007.

As of Feb. 28, 2015, the Debtors reported total assets of $1.6
billion and liabilities of $2.3 billion.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel, Evercore
Group L.L.C., as investment banker, FTI Consulting, Inc., as
financial advisor, Hilco Real Estate, LLC, as real estate advisor,
and Prime Clerk LLC, as claims and noticing agent.

Judge Robert D. Drain of the U.S. Bankruptcy Court for the
Southern
District of New York issued an order directing joint
administration
of the Chapter 11 cases of The Great Atlantic & Pacific Tea
Company, Inc., and its debtor affiliates under lead case no.
15-23007.


ATLANTIC & PACIFIC: Sues Lee & Associates for Over $12M Sale Bid
----------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that the owner of
A&P supermarkets on Nov. 23, 2015, filed a lawsuit in New York
bankruptcy court accusing comerical real estate broker Lee &
Associates of hiding from the Debtor that its proposed $11.8
million purchase of stores in New Jersey and Brooklyn actually were
on behalf of a third party.

The Great Atlantic & Pacific Tea Co. claims that Lee & Associates
President James Wacht misrepresented to the company that he was
placing bids for the stores on behalf of the brokerage.

       About The Great Atlantic & Pacific Tea Company, Inc.

Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea
Company, Inc., and its affiliates are one of the nation's oldest
leading supermarket and food retailers, operating approximately
300
supermarkets, beer, wine, and liquor stores, combination food and
drug stores, and limited assortment food stores across six
Northeastern states.  The primary retail operations consist of
supermarkets operated under a variety of well known trade names, or
"banners," including A&P, Waldbaum's, SuperFresh, Pathmark, Food
Basics, The Food Emporium, Best Cellars, and A&P Liquors.  The
Company employs approximately 28,500 employees, over 90% of whom
are members of one of twelve local unions whose members are
employed by the Debtors under the authority of 35 separate
collective bargaining agreements.

Then with 429 stores, A&P and its affiliates filed Chapter 11
petitions (Bankr. S.D.N.Y. Case No. 10-24549) on Dec. 12, 2010, and
in 2012 emerged from Chapter 11 bankruptcy as a privately held
company with 320 supermarkets.

On July, 19, 2015, with 300 stores, A&P and 20 affiliated debtors
each filed a Chapter 11 petition (Bankr. S.D.N.Y.) after reaching
deals for the going concern sales of 120 stores.  The Debtors are
seeking joint administration under Case No. 15-23007.

The Debtor disclosed total assets of $601,441,108 and total
liabilities of $1,984,459,086 as of the Petition Date.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel, Evercore
Group L.L.C., as investment banker, FTI Consulting, Inc., as
financial advisor, Hilco Real Estate, LLC, as real estate advisor,
and Prime Clerk LLC, as claims and noticing agent.

The U.S. Trustee for Region 2 appointed seven creditors to serve on
the official committee of unsecured creditors.  Pachulski Stang
Ziehl & Jones LLP serves as its counsel, and Zolfo Cooper, LLC as
serves as its financial advisors and bankruptcy consultants.


ATP OIL: Executives Dodge Final Part of Shareholder Suit
--------------------------------------------------------
Carmen Germaine at Bankruptcy Law360 reported that a Louisiana
federal judge on Nov. 23, 2015, dismissed the last part of a
proposed class action claiming bankrupt ATP Oil & Gas Corp.'s top
brass misled shareholders about the company's liquidity after
drilling moratoriums enacted following the Deepwater Horizon oil
spill.

U.S. District Judge Sarah S. Vance dismissed investors' Exchange
Act claims against ATP CEO T. Paul Buhlman, CFO Albert L. Reese
Jr., Chief Accounting Officer Keith R. Godwin, and President Leland
E. Tate, finding that while the executives may have been wrong
about ATP's financial situation.

                            About ATP Oil

Houston, Texas-based ATP Oil & Gas Corporation is an international
offshore oil and gas development and production company focused in
the Gulf of Mexico, Mediterranean Sea and North Sea.

ATP Oil & Gas filed a Chapter 11 petition (Bankr. S.D. Tex. Case
No. 12-36187) on Aug. 17, 2012.  Attorneys at Mayer Brown LLP,
serve as bankruptcy counsel.  Munsch Hardt Kopf & Harr, P.C., is
the conflicts counsel.  Motley Rice LLC and Fayard & Honeycutt,
APC serve as special counsel.  Opportune LLP is the financial
advisor and Jefferies & Company is the investment banker.

Kurtzman Carson Consultants LLC is the claims and notice agent.

ATP disclosed assets of $3.6 billion and $3.5 billion of
liabilities as of March 31, 2012.  Debt includes $365 million on a
first-lien loan where Credit Suisse AG serves as agent.  There is
$1.5 billion on second-lien notes with Bank of New York
MellonTrust Co. as agent.  ATP's other debt includes $35 million on
convertible notes and $23.4 million owing to third parties for
their shares of production revenue.  Trade suppliers have claims
for $147 million, ATP said in a court filing.

An official committee of unsecured creditors has been appointed in
the case.  Evan R. Fleck, Esq., at Milbank, Tweed, Hadley &
McCloy, in New York, represents the Creditors Committee as
counsel.

A seven-member panel of equity security holders has also been
appointed in the case.  Kyung S. Lee, Esq., and Charles M. Rubio,
Esq. of Diamond McCarthy LLP, in Houston, Texas, serve as counsel
to the Equity Committee.

Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern
District of Texas, Houston Division, issued an order on June 26,
2014, converting ATP Oil & Gas Corporation's Chapter 11 case to
one under Chapter 7 of the Bankruptcy Code.


BERRY PLASTICS: Posts $86 Million Net Income for Fiscal 2015
------------------------------------------------------------
Berry Plastics Group, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing net income
attributable to the Company of $86 million on $4.88 billion of net
sales for the year ended Sept. 26, 2015, compared to net income of
$62 million on $4.95 billion of net sales for the year ended Sept.
27, 2014.  As of Sept. 26, 2015, the Company had $5.02 billion in
total assets, $5.08 billion in total liabilities and a $65 million
total stockholders' deficit.  A full-text copy of the Form 10-K is
available for free at:

                      http://is.gd/eM50hi

                      About Berry Plastics

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

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

                           *     *     *

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

The TCR reported on Sept. 11, 2015, that Standard & Poor's Ratings
Services said it affirmed its 'B+' corporate credit rating on
Evansville, Ind.-based Berry Plastics Group Inc.

"The corporate credit rating affirmation reflects our view that the
AVINTIV acquisition enhances Berry's operations enough to offset
the additional debt incurred to fund the transaction, resulting in
a neutral effect on credit quality," said Standard & Poor's credit
analyst James Siahaan.


BG MEDICINE: Common Stock Delisted from Nasdaq
----------------------------------------------
The NASDAQ Stock Market previously notified BG Medicine, Inc. that
it was suspending the trading of the Company's common stock
effective at the opening of business on Sept. 16, 2015, which it
did.  Upon suspension of trading on Nasdaq, the Company's common
stock transitioned to the OTCQB tier of the over-the-counter
markets, where the common stock trades under the symbol "BGMD."  At
the time of the suspension, Nasdaq further indicated that it would
complete the formal delisting action by filing a Form 25
Notification of Delisting with the Securities and Exchange
Commission after applicable appeal periods lapsed.

As anticipated, on Nov. 23, 2015, Nasdaq issued a public notice
that it would file the Form 25-NSE with the SEC on Nov. 24, 2015,
to complete the removal of the Company's common stock from formal
listing and registration on Nasdaq.  The delisting becomes
effective ten calendar days after the Form 25-NSE is filed by
Nasdaq.  The Company's common stock was delisted from Nasdaq as a
result of the Company's failure to meet the continued listing
standards set forth in Nasdaq Listing Rule 5550(b).

The NASDAQ Stock Market LLC filed a Form 25 with the Securities and
Exchange Commission notifying the removal from listing or
registration of BG Medicine, Inc.'s common stock on the Exchange.

                       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.

As of Sept. 30, 2015, the Company had $3.35 million in total
assets, $2.03 million in total liabilities, $2.59 million in
convertible preferred stock, and a total stockholders' deficit of
$1.27 million.

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.


BG MEDICINE: Harrison Bains Resigns as Director
-----------------------------------------------
Harrison M. Bains notified BG Medicine, Inc. that he was resigning
from the Company's Board of Directors, effective as of Nov. 17,
2015, the Company disclosed in a Form 8-K report filed with the
Securities and Exchange Commossion.  The Company said Mr. Bains did
not communicate any disputes regarding the Company's operations,
policies or practices in connection with his resignation, nor is
the Company aware of any.

On Nov. 18, 2015, the Board appointed James F. O'Connor, CPA, to
join the Board to serve as a Class II director until the 2016
Annual Meeting of Stockholders and until his successor has been
duly elected and qualified, or until his earlier resignation,
retirement, removal or death.  The Board also appointed Mr.
O'Connor to the Audit Committee and to the role of Audit Committee
Chairman.  The Board further determined that Mr. O'Connor is an
"audit committee financial expert" as defined by Item 401(h) of
Regulation S-K.

James F. O'Connor, age 74, has over forty years of substantive
business experience covering all aspects of finance, operations,
strategy and corporate development.  Since 1998, Mr. O'Connor has
been the principal Managing Director of The Chartwell Company, a
merchant and investment banking firm.  Mr. O'Connor is a certified
public accountant.  Some of Mr. O'Connor's previous directorships
include: SPS Technologies (1994-2003), which was sold to Precision
Cast Products in 2003; Color Kinetics (2002-2007), which was sold
to Phillips Lighting Products in 2007; PC Cox Holding Ltd.
(1996-2008); and Caritas Christi Health Care System (2008-2011),
which was sold to Cerberus Capital in 2011.  Mr. O'Connor received
a B.S. from Boston College and was a Rotary International
Foundation Fellow at the Swiss School of Economics.  The Company's
Board concluded that Mr. O'Connor should serve as a director and
the Company's Audit Committee Chairman because Mr. O'Connor has
extensive experience in corporate finance, accounting, operations,
strategy, mergers & acquisitions, as well as experience working on
the boards of directors of public, private and non-for-profit
companies.

In consideration for his Board and Audit Committee service, on the
date of his appointment to the Board, Mr. O'Connor received a stock
option grant for 12,500 shares of the Company's common stock at an
exercise price of $0.52 per share, which was the closing price of
the common stock on the grant date.

In connection with Mr. O'Connor's appointment to the Board, the
Board amended and restated its non-employee director compensation
policy, payments under which had been suspended since Oct. 1, 2014.


                        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.

As of Sept. 30, 2015, the Company had $3.35 million in total
assets, $2.03 million in total liabilities, $2.59 million in
convertible preferred stock, and a total stockholders' deficit of
$1.27 million.

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.


BG MEDICINE: Reports Third Quarter 2015 Financial Results
---------------------------------------------------------
BG Medicine, Inc. reported financial results for the three and nine
months ended Sept. 30, 2015.

"Our operating results in the third quarter of 2015 reflect our
ongoing efforts to extend our cash runway through the prudent and
disciplined management of our resources," said Paul R. Sohmer,
M.D., president and CEO of BG Medicine.  "The commercialization of
automated testing for galectin-3 in the U.S. was initiated in the
third quarter.  As a result, we continue to expect that product
fees generated through the initial sales of automated tests for
galectin-3 in the U.S. and payable to the Company by Abbott will be
reported next quarter."

The Company reported net loss for the third quarter of 2015 of $1.0
million, a 57% improvement from the $2.4 million net loss reported
in the third quarter of 2014, on total revenues of $334,000 in the
third quarter of 2015 versus total revenues of $695,000 in the
third quarter of 2014.  The decrease in revenues resulted from a
decline in orders from our largest clinical laboratory customer who
emerged from bankruptcy in the fourth quarter of 2015.  Operating
expenses for the second quarter of 2014 declined by 53% from the
prior year quarter.  Net loss per share attributable to common
shareholders in the third quarter of 2015 was $0.27 as compared to
$0.28 in 2014.

"We continue to focus on ensuring that we have adequate resources
to provide support to the development, market introduction and
market expansion of automated testing for galectin-3 by our
automated partners," said Dr. Sohmer.  "During the nine months of
2015, we raised additional capital and continued to significantly
reduce our operating expenses and cash burn."

For the nine months ended Sept. 30, 2015, the Company reported net
loss of $4.4 million, a 35% improvement from the $6.7 million net
loss reported for the nine months ended Sept. 30, 2014, on total
revenues of $1.3 million versus total revenues of $2.2 million in
the first nine months of 2014.  Operating expenses for the nine
months ended September 30, 2015 declined by 40% from the same time
period in 2014.  Net loss per share attributable to common
shareholders for the first nine months of 2015 was $0.66 as
compared to $0.84 in the first nine months of 2014. Operating cash
burn declined by $4.5 million, a 63% decrease, to $2.6 million
compared to $7.1 million in 2014.

                        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.

As of Sept. 30, 2015, the Company had $3.35 million in total
assets, $2.03 million in total liabilities, $2.59 million in
convertible preferred stock, and a total stockholders' deficit of
$1.27 million.

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.


BIOFUELS POWER: Clay Thomas Resigns as Auditor
----------------------------------------------
Biofuels Power Corporation accepted the resignation of Clay Thomas
as its auditor as Mr. Thomas elected to pursue his legal profession
in lieu of any further auditing.  In connection Mr. Thomas'
resignation, the Company's audit committee has appointed Briggs &
Veselka Co. to serve as the independent auditors effective Nov. 6,
2015.

Mr. Thomas reports for the years ending Dec. 31, 2013, and 2014
contain no adverse opinion or disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or accounting
principle.

                            Biofuels Power

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

Biofuels Power reported a net loss of $1.08 million on $0 of sales
for the year ended Dec. 31, 2014, compared with a net loss of
$607,000 on $0 of sales for the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $2.3 million in total assets,
$8 million in total liabilities and a $5.7 million total
stockholders' deficit.

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


BIOFUELS POWER: Files Sept. 30 Quarterly Report
-----------------------------------------------
Biofuels Power Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $635,000 on $0 of sales for the nine months ended Sept. 30,
2015, compared to a net loss of $800,000 on $0 of sales for the
same period a year ago.  As of Sept. 30, 2015, the Company had
$2.28 million in total assets, $8.21 million in total liabilities
and a $5.92 million total stockholders' deficit.

During the nine months ended Sept. 30, 2015, the Company had no
revenues.  Management decided not to incur the cost of operating
the power plants for the following reasons: 1. continued high
feedstock prices and low power prices during the winter; and 2. the
need to move and relocate certain operating assets; and 3. the
effort to finalize the development of the H.O. Clarke property
(Houston Clean Energy Park).  All of these factors caused
management to focus on the future expansion of the H.O. Clarke
property and not on current operation.

"We believe our available resources, together with our anticipated
operating revenue and the anticipated proceeds of certain planned
short-term borrowings, will be sufficient to pay our anticipated
operating expenses for a period of three to six months from the
date of this quarterly report on Form 10-Q.  Our available
resources are not sufficient to pay all of our anticipated capital
costs and we are presently seeking additional financing.  We
believe we will need at least $10 million in additional capital to
finance our planned facility expansions and future acquisitions.
Capital requirements are difficult to plan for companies like ours
that are developing novel business models.  We expect that we will
need additional capital to pay our day-to-day operating costs,
finance our feedstock and fuel inventories, and finance additions
to our infrastructure, pay for the development of additional
generating facilities and the marketing of our green electricity.
We intend to pursue additional financing as opportunities arise,"
the Company states in the report.

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

                      http://is.gd/wXZ7qP

                        Biofuels Power

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

Biofuels Power reported a net loss of $1.08 million on $0 of sales
for the year ended Dec. 31, 2014, compared with a net loss of
$607,000 on $0 of sales for the year ended Dec. 31, 2013.

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


BLACKAMG L.L.C.: Bankruptcy Court Dismisses Chapter 11 Case
-----------------------------------------------------------
Diane Davis, writing for Bankruptcy Law Reporter, reports that the
Bankruptcy Court has dismissed Blackamg, L.L.C.'s Chapter 11
bankruptcy case.

According to Bankruptcy Law Reporter, Judge Elaine E. Bucklo of the
U.S. District Court for the Northern District of Illinois concluded
that the Bankruptcy Court didn't abuse its discretion in dismissing
the case.  

Bankruptcy Law Reporter relates that creditor Northbrook Loans,
LLC, had appealed the Bankruptcy Court's decision to the District
Court, claiming that the Bankruptcy Court's analysis was flawed
because it ignored the creditors' interest and instead focused on
Northbrook's conduct during the proceedings.  Northbrook Loans, the
report states, argued that it was in the best interest of creditors
and "more economical" for the Company to remain in bankruptcy and
convert to Chapter 7 than to dismiss the case and return to state
court.

The District Court, according to Bankruptcy Law Reporter, found it
significant that Northbrook Loans took an unusual position in the
case in that it already had a state foreclosure judgment.

Bankruptcy Law Reporter recalls that the Company, before filing for
bankruptcy, entered into an agreement to sell the property, subject
to all encumbrances except Northbrook Loans' mortgage, to OUT
Chicago, LLC.  According to the report, the Company filed its
bankruptcy petition with the understanding that OUT Chicago would
finance its restructuring plan, but when the sale fizzled, the
Company, with the support of its other creditors, determined that
the reorganization wasn't a viable solution and asked the
Bankruptcy Court to dismiss the case.

Headquartered in Westerville, Ohio, Blackamg, L.L.C., filed for
Chapter 11 bankruptcy protection (Bankr. N.D. Ill. Case No.
14-32758) on Sept. 8, 2014, estimating its assets and liabilities
at between $1 million and $10 million each.  The petition was
signed by Kevin Jackson, manager.

Judge Janet S. Baer presides over the case.

Brian M. Graham, Esq., at Brian M. Graham, Attorney at Law, serves
as the Company's bankruptcy counsel.


BMB MUNAI: FFIN Becomes Wholly Owned Subsidiary of BMBM
-------------------------------------------------------
BMB Munai, Inc., and Timur Turlov, on Nov. 23, 2015,  entered into
an acquisition agreement, by which BMBM acquired FFIN Securities,
Inc., in exchange for 224,551,913 shares of BMBM's common stock,
which constituted approximately 80.1% of its 280,339,467 shares of
issued and outstanding common stock after giving effect to such
acquisition.

Upon executing the Acquisition Agreement, BMBM acquired all of the
issued and outstanding equity securities of FFIN.  FFIN proposes to
conduct business as a U.S. securities broker-dealer and proposes to
file applications to become a member of the Financial Industry
Regulatory Authority, Inc. and a licensed securities broker-dealer
with the United States Securities and Exchange Commission under the
Exchange Act and the securities regulatory authorities of
applicable states.

As a result of the execution of the Acquisition Agreement and the
acquisition of FFIN, Mr. Turlov became BMBM's largest shareholder,
and FFIN became a wholly owned subsidiary of BMBM.  BMBM's ongoing
operations will consist of the continuation of FFIN's business.

As part of the acquisition, Boris Cherdabayev and Valery Tolkachev
resigned as directors, and Mr. Turlov was appointed as chairman and
Arkady Rakhilkin, Mr. Turlov's designee, was appointed to the
Company's board of directors, joining the Company's incumbent
directors: Askar Tashtitov, Jason Kerr, and Leonard Stillman.  Mr.
Tashtitov resigned as the president of BMBM.  The new board
appointed Mr. Turlov as chief executive officer.  The other
officers remain unchanged.  Following is the list of officers of
BMBM:

         Name             Position
         -------------    --------       
         Timur Turlov     Chief Executive Officer
         Evgeniy Ler      Chief Financial Officer and Treasurer
         Adam Cook        Secretary

The Acquisition Agreement also provides for the possible
acquisitions of three other companies owned by Mr. Turlov in
separate closings.

Additional information is available for free at:

                     http://is.gd/WfjlCZ

                        About BMB Munai

BMB Munai, Inc., is engaged in oil and natural gas exploration and
production through Emir Oil LLP, which was sold to a third party
entity in 2011.  The Company has been focused on satisfying its
post-closing undertakings in connection with the sale of Emir Oil,
winding down its operations in Kazakhstan and exploring oil and
gas opportunities.

BMB Munai reported a net loss of $18,800 on $0 of revenues for the
year ended March 31, 2015, compared with a net loss of $1.6 million
on $0 of revenues for the year ended March 31, 2014.

As of Sept. 30, 2015, the Company had $8.59 million in total
assets, $8.67 million in total liabilities, all current, and a
total shareholders' deficit of $81,267.

Eide Bailly LLP, in Salt Lake City, Utah, issued a "going concern"
qualification on the consolidated financial statements for the year
ended March 31, 2015, citing that BMB Munai, Inc. has no continuing
operations that result in positive cash flow.  This situation
raises substantial doubt about its ability to continue as a going
concern.


BON-TON STORES: Announces Third Quarter Fiscal 2015 Results
-----------------------------------------------------------
The Bon-Ton Stores, Inc., reported operating results for the third
quarter of fiscal 2015, the 13-week period ended Oct. 31, 2015.

Kathryn Bufano, president and chief executive officer, commented,
"Clearly, our third quarter results were challenged as sales were
pressured by unseasonably warm weather, which significantly
impacted our cold-weather classifications, and by continued
weakness in overall traffic trends.  However, customers strongly
responded to our expanded brand offerings and we also saw sustained
momentum in certain core categories.  Recognizing that the
competitive environment is likely to continue, we remain focused on
creating a differentiated and compelling product assortment and
leveraging our home town strategy.  We also continued to control
our expenses, resulting in a net reduction in SG&A in the period.
We ended the quarter in a healthy inventory position in terms of
freshness and content, primed for holiday selling.  Additionally,
as previously announced, we amended our private label credit card
agreement, extending a valued and successful partnership three
years to 2022."

Ms. Bufano continued, "Looking ahead, we are not anticipating major
changes in the retail environment in the near term. Accordingly, we
are pursuing a number of avenues to drive additional process
improvements and further reduce expenses."  The Company's plan is
expected to yield approximately $35 million in annual savings in
fiscal 2016.  These expense savings, which will benefit SG&A
expenses and gross margin, combined with lower capital spending and
inventory levels, will positively impact 2016 cash flow.

For the 13 weeks period ended Oct. 31, 2015, the Company reported a
net loss of $33.99 million on $623.40 million of net sales compared
to a net loss of $11 million on $642.73 million of net sales for
the 13 weeks period ended Nov. 1, 2014.

For the 39 weeks ended Oct. 31, 2015, the Company reported a net
loss of $107.62 million on $1.78 billion of net sales compared to a
net loss of $78.71 million on $1.81 billion of net sales for the 13
weeks period ended Nov. 1, 2014.

As of Oct. 31, 2015, the Company had $1.86 billion in total assets,
$1.88 billion in total liabilities and $17.79 million in total
shareholders' deficit.

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

                      http://is.gd/P0oJBO

                     About Bon-Ton Stores

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which
includes nine furniture galleries and four clearance centers, 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.  The stores offer a broad
assortment of national and private brand fashion apparel and
accessories for women, men and children, as well as cosmetics and
home furnishings.  For further information, please visit the
investor relations section of the Company's Web site at
http://investors.bonton.com.  

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.


BON-TON STORES: Tranche A Revolver Commitment Hiked to $730MM
-------------------------------------------------------------
The Bon-Ton Department Stores, Inc., Carson Pirie Scott II, Inc.,
Bon-Ton Distribution, LLC, and McRIL, LLC, as borrowers, and The
Bon-Ton Stores, Inc. and The Bon-Ton Giftco, LLC, as obligors,
entered into a Commitment Increase Letter Acknowledgment
supplementing the Second Amended and Restated Loan and Security
Agreement, with Bank of America, N.A., as Agent, and certain
financial institutions as lenders, dated March 21, 2011.

Pursuant to the terms of the Letter Acknowledgment, the Tranche A
revolving commitments under the Loan Agreement were increased from
$650 million to $730 million.  This brings total revolving
commitments under the Loan Agreement to $830 million.

                      About Bon-Ton Stores

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which
includes nine furniture galleries and four clearance centers, 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.  The stores offer a broad
assortment of national and private brand fashion apparel and
accessories for women, men and children, as well as cosmetics and
home furnishings.  For further information, please visit the
investor relations section of the Company's Web site at
http://investors.bonton.com.  

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, the Company had $1.6 billion in total assets,
$1.58 billion in total liabilities and $15.5 million in total
shareholder's equity.

                           *     *     *

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.


BOREAL WATER: Has $250,000 Debenture with Saleh Al Sagri
--------------------------------------------------------
Boreal Water Collection, Inc. entered into an agreement with Saleh
Al Sagri of the Kingdom of Saudi Arabia for $250,000 of Secured
Debentures and Common Share Warrants in Units of $1000.00.  Each
Unit contains one 7.5% interest bearing Secured Debenture in the
principal amount of $1000.00 and a Warrant to purchase 1,352,532
common shares at an exercise price of $0.0075 per share.  Interest
is payable semi-annually.  The debenture is re-payable 24 months
after the closing date.

The security is a "mortgage on the assets of the company" junior to
the "existing bridge loan mortgage and line of credit."  The
warrant exercise period is 2 years from the date of issuance; and
may be subscribed in whole or in part on a total of 2 occasions. If
all the Warrants are exercised, a total of 338,133,000 common
shares will be issued.

                         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.


BUILDERS FIRSTSOURCE: Pincus Reports 12.1% Stake as of Nov. 25
--------------------------------------------------------------
Warburg Pincus Private Equity IX, L.P., et al., disclosed in an
amended Schedule 13D filed with the Securities and Exchange
Commission that as of Nov. 25, 2015, they beneficially own
13,263,266 shares of common stock of Builders Firstsource, Inc.
representing 12.1 percent of the shares outstanding.  A copy of the
regulatory filing is available at http://is.gd/FH9295

In a Schedule 13D earlier filed with the SEC, Warburg Pincus
Private Equity IX, L.P., et al., disclosed that as of Nov. 19,
2015, they beneficially own 20,263,266 shares of common stock of
Builders Firstsource, representing 18.5 percent of the shares
outstanding.

                    About Builders FirstSource

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

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

As of Sept. 30, 2015, the Company had $3.03 billion in total
assets, $2.88 billion in total liabilities and $156 million in
total stockholders' equity.

                           *     *     *

As reported by the TCR on July 15, 2015, Standard & Poor's Ratings
Services said it raised its corporate credit rating on Builders
FirstSource Inc. to 'B+' from 'B'.  

"The stable outlook reflects our view that Builders FirstSource
will continue to increase sales and EBITDA as U.S. residential
construction continues to recover from an historic downturn and the
company realizes significant synergies from the merger.  As a
result, we expect some improvement in the company's leverage
measures over the next 12 to 24 months while it maintains adequate
liquidity," said Standard & Poor's credit analyst Pablo Garces.

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


BUILDERS FIRSTSOURCE: Recasts Annual Report Financial Information
-----------------------------------------------------------------
Builders FirstSource, Inc. filed a current report on Form 8-K to
recast certain financial information contained in its annual report
on Form 10-K for the year ended Dec. 31, 2014, due to changes in
its reportable segments.

As a result of the Company's reorganization following the
acquisition of ProBuild Holdings LLC, the Company now has four
reportable segments based on an aggregation of the geographic
regions in which it operates.  The Company began to report under
the new reporting segment structure with the filing of its
Quarterly Report on Form 10-Q for the quarter ended Sept. 30,
2015.

Also filed with the Current Report on Form 8-K are (i) the
condensed combined financial statements (and notes thereto) of
ProBuild Holdings, Inc., an affiliate of ProBuild Holdings LLC, as
of June 30, 2015 and December 31, 2014 and for the three and six
months ended June 30, 2015 and 2014 and (ii) the unaudited pro
forma condensed combined financial information of the Company for
the year ended December 31, 2014 and for the nine months ended
September 30, 2015, giving effect to the acquisition of ProBuild
Holdings LLC and the related acquisition financing transactions.

A copy of the Condensed Combined Financial Statements of ProBuild
Holdings, Inc. is available for free at http://is.gd/zKupuU

A copy of the Revised Consolidated Financial Statements of Builders
FirstSource is available at http://is.gd/L3sfPJ

                    About Builders FirstSource

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

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

As of Sept. 30, 2015, the Company had $3.03 billion in total
assets, $2.88 billion in total liabilities and $156 million in
total stockholders' equity.

                           *     *     *

As reported by the TCR on July 15, 2015, Standard & Poor's Ratings
Services said it raised its corporate credit rating on Builders
FirstSource Inc. to 'B+' from 'B'.  

"The stable outlook reflects our view that Builders FirstSource
will continue to increase sales and EBITDA as U.S. residential
construction continues to recover from an historic downturn and
the
company realizes significant synergies from the merger.  As a
result, we expect some improvement in the company's leverage
measures over the next 12 to 24 months while it maintains adequate
liquidity," said Standard & Poor's credit analyst Pablo Garces.

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


BUILDERS FIRSTSOURCE: Signs Underwriting Pact with Deutsche Bank
----------------------------------------------------------------
Builders FirstSource, Inc., entered into an underwriting agreement,
among the Company, Deutsche Bank Securities Inc., and Warburg
Pincus Private Equity IX, L.P., as a selling stockholder.

Pursuant to the Underwriting Agreement, subject to the terms and
conditions expressed therein, the Selling Stockholder agreed to
sell to the Underwriter an aggregate of 7,000,000 shares of the
Company's common stock at a price of $13.05 per share.  The
Securities are being sold by the Selling Stockholder pursuant to a
preliminary prospectus supplement, dated Nov. 19, 2015, the final
prospectus supplement, dated Nov. 19, 2015, and the related
prospectus dated Nov. 26, 2014, each filed with the Securities and
Exchange Commission, relating to the Company's registration
statement on Form S-3 (File No. 333-199955), as amended by
Pre-Effective Amendment No. 1 thereto.

The Company has agreed to indemnify the Underwriter against certain
liabilities, including certain liabilities under the Securities Act
of 1933, as amended.  If the Company is unable to provide the
required indemnification, the Company has agreed to contribute to
payments the Underwriter may be required to make in respect of
those liabilities.  In addition, the Underwriting Agreement
contains customary representations, warranties and agreements of
the Company and the Selling Stockholder and customary conditions to
closing.  The offering is expected to close on Nov. 25, 2015,
subject to the conditions stated in the Underwriting Agreement.

                  About Builders FirstSource

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

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

As of Sept. 30, 2015, the Company had $3.03 billion in total
assets, $2.88 billion in total liabilities and $156 million in
total stockholders' equity.

                           *     *     *

As reported by the TCR on July 15, 2015, Standard & Poor's Ratings
Services said it raised its corporate credit rating on Builders
FirstSource Inc. to 'B+' from 'B'.  

"The stable outlook reflects our view that Builders FirstSource
will continue to increase sales and EBITDA as U.S. residential
construction continues to recover from an historic downturn and the
company realizes significant synergies from the merger.  As a
result, we expect some improvement in the company's leverage
measures over the next 12 to 24 months while it maintains adequate
liquidity," said Standard & Poor's credit analyst Pablo Garces.

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


BURLESON LLP: Energy Law Boutique Firm Ceases Operation
-------------------------------------------------------
Tripp Baltz, writing for Bloomberg Brief - Distress & Bankruptcy,
reported that the the boutique energy-focused law firm Burleson
announced it would shutter all its offices and cease as an ongoing
operation, highlighting the rough ride that boutique U.S. energy
law firms have experienced during a prolonged oil and gas market
decline.

According to the report, in October, the Houston-based firm had
laid off six attorneys in its Pittsburgh office, but at the time
managing partner Richard Burleson was still optimistic that his
firm could keep up with the shifts in the market.  Despite that
confident projection, the firm had shrunk from 160 attorneys in
five offices to around 60 attorneys, the Bloomberg report said,
citing a Law360 article.

Susan Brewer, the firm's managing partner and chief executive
officer, said the reductions were a direct result of the strain
that low-oil prices is putting on U.S. producers, the Bloomberg
report related.


CACHE INC: Wins Dismissal of Chapter 11 Cases
---------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware granted the dismissal of the Chapter 11 cases of Cache,
Inc., and its affiliated debtors.

The Debtors gave the Court an update regarding additional claim
submissions, as well as further information about the terms and
conditions for the proposed structured dismissal of the Chapter 11
cases.  The Debtors related that the total amount of unpaid
Employee Health Claims is $238,044.  They further related that the
Employee Health Claims will be paid through a contribution of (a)
the Employee Health Claims Contribution in the amount of $200,000
derived from the Proceeds of the GOB Sale otherwise due to the
Agent and (b) $50,000, from other remaining funds in the estates
("EHC Fund").

The Debtors also gave, among others, these updates to the Court:

     (a) The total amount of unpaid Remaining Administrative Claims
is $2,242,241, excluding claims submitted by Professionals and by
Great American.  The following claims are excluded from the pool of
Remaining Administrative Claims: (i) the Employee Health Claims,
which claims will be satisfied from the EHC Fund; (ii) the
503(b)(9) Claims and the Stub Rent Claims, which claims either have
been or will be satisfied exclusively from the 503(b)(9)/Stub Rent
Disbursement Account; and (iii) Professional Fees, which claims
will be satisfied exclusively from the available amounts in the
Professional Fee Escrow Account.  The Disbursing Agent will remove
the foregoing claims from the pool of Remaining Administrative
Claims and will review the Debtors' books and records to verify the
remaining claims before making a distribution to the holders.

     (b) According to the mutually acceptable terms and conditions
addressing agent Great American Group WF, LLC's Superpriority Claim
in the amount of $1,516,466, as negotiated by the Debtors and the
Agent, the Superpriority Claim will be paid as follows: $400,000
from funding under the GA Backstop Agreement and $900,000 from
remittance from Debtors. The remaining $216,466 will be waived by
the Agent.

     (c) The fees and expenses of the Affected Professionals in the
cases substantially exceed the amounts allocated to them in the
Professional Fee Escrow Account.  Subject to the dismissal of the
Chapter 11 case, the payment of any Professional's fees and
expenses will be limited to the amounts allocated to that
Professional in the Professional Fee Escrow Account.

     (d) The Debtors have formulated a claims processing protocol
for purposes of making speedy reimbursement to employees and
medical providers with outstanding Employee Health Claims ("EHCs").
The Protocol first requires that the Debtors promptly reimburse
employees holding EHCs that were previously paid by the employee to
the medical provider.  The Debtors will then pay all EHCs equal to
or under $10,000.  Third, the Debtors will review claims above
$10,000 to arrive at an appropriate payment.  In order to arrive at
the proper amount payable under the Plan for the benefit of an
employee with an outstanding claim above $10,000, the Debtors will
use information obtained from employees, medical providers, Aetna
or other historical records to assist the Debtors to resolve and
pay these larger claims.

Cache and its affiliated debtors are represented by:

          Laura Davis Jones, Esq.
          David M. Bertenthal, Esq.
          Joshua M. Fried, Esq.
          Colin R. Robinson, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          919 North Market Street, 17th Floor
          P.O. Box 8705
          Wilmington, DE 19899-8705
          Telephone: (302)652-4100
          Facsimile: (302)652-4400
          E-mail: ljones@pszjlaw.com
                  dbertenthal@pszjlaw.com
                  jfried@pszjlaw.com
                  crobinson@pszjlaw.com

                         About Cache, Inc.

Cache, Inc., operates 236 women's apparel specialty stores under
the trade name "Cache."  On Dec. 4, 2014, New York-based Cache
announced that it has received an inquiry from a third party
regarding a potential sale of the Company.

Cache, Inc., and its two affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No.15-10172) on Feb.
4, 2015.  The case is assigned to Judge Mary F. Walrath.

The Debtors are represented by Laura Davis Jones, Esq., Peter J.
Keane, Esq., and Colin R. Robinson, Esq., at Pachulski Stang
Ziehl& Jones LLP, in Wilmington, Delaware. The Debtors'
restructuring advisors is FTI Consulting Inc., while their
investment banker and financial advisor is Janney Montgomery Scott
LLC. Thompson Hine represents the Debtors in corporate and
securities matter, while Jackson Lewis P.C. represents the Debtors
in employment matters.

The Debtors' communications services provider is Epiq Systems,
Inc., while their noticing and claims management services provider
is Kurtzman Carson Consultants. A&G Realty Partners, LLC, serves
as the Debtors' real estate consultants.

The Debtors had total assets of $53.7 million and total liabilities
of $51.1 million as of Sept. 27, 2014.  In its schedules, the
Debtor disclosed $38,793,006 in assets and $84,113,066 in
liabilities.

The U.S. Trustee for Region 3 has appointed seven members to the
Official Committee of Unsecured Creditors in the Debtors' case. The
Committee retained Bayard, P.A., as local Delaware counsel, and
Otterbourg P.C. as lead bankruptcy counsel.



CASPIAN SERVICES: Harvey Sawikin Reports 13.3% Stake as of Nov. 20
------------------------------------------------------------------
Harvey Sawikin disclosed in an amended Schedule 13D filed with the
Securities and Exchange Commission that as of Nov. 20, 2015, he
beneficially owns 6,994,998 shares of common stock of Caspian
Services, Inc., representing 13.3 percent of the shares
outstanding.  A copy of the regulatory filing is available at:

                      http://is.gd/VPJXDF

                     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."


CEETOP INC: Delays Filing of Third Quarter Form 10-Q
----------------------------------------------------
Ceetop Inc. notified the Securities and Exchange Commission it
cannot file its Sept. 30, 2015, Form 10-Q within the prescribed
time period because management has not completed the process of
gathering and analyzing the financial information that will be
included in the Company's Form 10-Q.

                        About Ceetop Inc.

Oregon-based Ceetop Inc., formerly known as China Ceetop.com,
Inc., owned and operated the online retail platform before 2013.
Due to excessive competition in online retail, the Company has
transformed itself into an integrated supply chain services
provider, and focuses on B to B supply chain management and
related value-added services among enterprises.

Ceetop Inc. reported a net loss of $841,000 on $362,000 of sales
for the year ended Dec. 31, 2014, compared with a net loss of $2.88
million on $0 of sales for the year ended Dec. 31, 2013.

As of March 31, 2015, the Company had $3.52 million in total
assets, $956,000 in total liabilities, all current, and $2.56
million in total stockholders' equity.

MJF & Associates, APC, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company incurred
recurring losses from operations, has a net loss of $841,000 for
2014, and has accumulated deficit of $9.45 million at Dec. 31,
2014.  These matters raise substantial doubt about the
Company's ability to continue as a going concern.


CEETOP INC: Incurs $147,000 Net Loss in Third Quarter
-----------------------------------------------------
Ceetop Inc. filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss of $147,000 on
$0 of sales for the three months ended Sept. 30, 2015, compared to
a net loss of $288,000 on $0 of sales for the same period last
year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $435,000 on $0 of sales compared to a net loss of $1.18
million on $0 of sales for the same period a year ago.

As of Sept. 30, 2015, the Company had $3.62 million in total
assets, $1.46 million in total liabilities, all current and $2.15
million in total stockholders' equity.

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

                      http://is.gd/SAbwnl

                        About Ceetop Inc.

Oregon-based Ceetop Inc., formerly known as China Ceetop.com,
Inc., owned and operated the online retail platform before 2013.
Due to excessive competition in online retail, the Company has
transformed itself into an integrated supply chain services
provider, and focuses on B to B supply chain management and
related value-added services among enterprises.

Ceetop Inc. reported a net loss of $841,000 on $362,000 of sales
for the year ended Dec. 31, 2014, compared with a net loss of $2.88
million on $0 of sales for the year ended Dec. 31, 2013.

MJF & Associates, APC, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company incurred
recurring losses from operations, has a net loss of $841,000 for
2014, and has accumulated deficit of $9.45 million at Dec. 31,
2014.  These matters raise substantial doubt about the
Company's ability to continue as a going concern.


CHINA GINSENG: Incurs $750,000 Net Loss in First Quarter
--------------------------------------------------------
China Ginseng Holdings, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $751,000 on $21,600 of revenue for the three months
ended Sept. 30, 2015, compared to a net loss of $571,000 on $5,242
of revenue for the same period a year ago.

As of Sept. 30, 2015, the Company had $8.58 million in total
assets, $19.09 million in total liabilities and a total
stockholders' deficit of $10.5 million.

"[E]ven if the Company does raise sufficient capital to support its
operating expenses and generate adequate revenues, there can be no
assurance that the revenue will be sufficient to enable the Company
to develop business to a level at which it will generate profits
and cash flow from operations.  These matters raise substantial
doubt about the Company's ability to continue as a going concern,"
the Company states in the report.

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

                     http://is.gd/OG5Qkc

                     About China Ginseng

Changchun City, China-based China Ginseng Holdings, Inc., conducts
business through its four wholly-owned subsidiaries located in
China.  The Company has been granted 20-year land use rights to
3,705 acres of lands by the Chinese government for ginseng
planting and it controls, through lease, approximately 750 acres
of grape vineyards.  However, recent harvests of grapes showed
poor quality for wine production which indicates that the
vineyards are no longer suitable for planting grapes for wine
production.  Therefore, the Company has decided not to renew its
lease for the vineyards with the Chinese government upon
expiration in 2013 and, going forward, it intends to purchase
grapes from the open market in order to produce grape juice and
wine.

China Ginseng reported a net loss of $3.90 million on $272,600 of
revenue for the year ended June 30, 2015, compared with a net loss
of $4.76 million on $2.61 million of revenue for the year ended
June 30, 2014.

Cowan, Gunteski & Co., P.A., in Tinton Falls, NJ, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2015, citing that the Company had net
losses of $3.90 million and $4.76 million for the years ended June
30, 2015 and 2014, respectively, an accumulated deficit of $18.1
million at June 30, 2015 and a working capital deficit of $16.5
million at June 30, 2015, and there are existing uncertain
conditions the Company faces relative to its ability to obtain
working capital and operate successfully.  These conditions raise
substantial doubt about its ability to continue as a going concern.


COCRYSTAL PHARMA: Names Curtis Dale Interim CFO
-----------------------------------------------
The Board of Directors of Cocrystal Pharma, Inc., appointed Curtis
Dale to serve as interim chief financial officer of the Company,
effective Nov. 16, 2015, subsequent to the Nov. 17, 2015, filing of
the Company's Form 10-Q for the Quarter ended Sept. 30, 2015.

Mr. Dale's appointment coincides with the Company's consolidation
of operations in its Tucker, Georgia headquarters.  Mr. Dale
replaced the Company's former Chief Financial Officer, Gerald
McGuire, who served in the Company's Bothell, Washington offices
and elected not to relocate to Georgia.

Since September 2015, Mr. Dale has served as controller of the
Company.  From April 2014 through March 2015, he served as Director
of Financial Planning and Analysis for Carestream Dental LLC. Prior
to that, from August 2012 through April 2014, he served as Director
of Accounting and Finance for Gabriel Brothers, Inc. In 2012, Mr.
Dale served as Legal Operations Consultant for NCR Corporation. In
2011, he served as the Head of North American Financial Reporting
for Ciba Vision.  From 2010 through 2011, he served as the chief
financial officer for MedLink Georgia, Inc. and from 2008 through
2010, he served as the executive director of Finance and
Administration for Saint Joseph's Translational Research Institute.
Mr. Dale is 58 years old.

Mr. Dale did not enter into a formal employment agreement with the
Company in connection with his appointment and will serve as
Interim Chief Financial Officer on an at-will basis.  The Company
has agreed to pay Mr. Dale $6,000 a month for his service as
interim chief financial officer.  

Mr. Dale previously entered into an employment agreement with the
Company in connection with his service as controller pursuant to
which he receives an annual base salary of $125,000 and is eligible
to receive a discretionary annual bonus, to be determined by the
Company's Compensation Committee.  In addition, the agreement
provides that, subject to Board approval, the Company will grant
Mr. Dale 100,000 ten-year stock options, vesting in four equal
annual increments with the first vesting date being one year from
grant date, subject to continued employment and accelerated vesting
under certain conditions.

                        About Cocrystal Pharma

Cocrystal Pharma, Inc., formerly known as Biozone Pharmaceuticals,
Inc., is a pharmaceutical company with a mission to discover novel
antiviral therapeutics as treatments for serious and/or chronic
viral diseases.  Cocrystal Pharma employs unique technologies and
Nobel Prize winning expertise to create first- and best-in-class
antiviral drugs.  These technologies and the Company's market-
focused approach to drug discovery are designed to efficiently
deliver small molecule therapeutics that are safe, effective and
convenient to administer.

The Company's primary business going forward is to develop novel
medicines for use in the treatment of human viral diseases.
Cocrystal has been developing novel technologies and approaches to
create first-in-class and best-in-class antiviral drug candidates
since its initial funding in 2008.  Subsequent funding was
provided to Cocrystal Discovery, Inc., by Teva Pharmaceuticals
Industries, Ltd., or Teva, in 2011.  The Company's focus is to
pursue the development and commercialization of broad-spectrum
antiviral drug candidates that will transform the treatment and
prophylaxis of viral diseases in humans.  By concentrating the
Company's research and development efforts on viral replication
inhibitors, the Company plans to leverage its infrastructure and
expertise in these areas.

Cocrystal Pharma reported a net loss of $99,000 in 2014 following a
net loss of $3.8 million in 2013.

As of Sept. 30, 2015, the Company had $266 million in total assets,
$69.4 million in total liabilities and $197 million in total
stockholders' equity.


COMMUNICATION INTELLIGENCE: Frank Elenio Rejoins Board
------------------------------------------------------
Communication Intelligence Corporation announced that Frank Elenio
was voted onto its Board of Directors and audit committee.

"We are thrilled to have Frank back on the board at this exciting
time for CIC," said Philip Sassower, co-chairman and CEO for CIC.
"In the service of board of directors' best practices, we have been
seeking an additional board member to establish a majority of
independent directors and to have a completely independent audit
committee.  Frank joined the CIC board in 2010 at the same time I
took over as Chairman and CEO, but had to step down in 2011 when he
took an executive position with the State of New Jersey.  We are
very fortunate that he is now available to rejoin our team. Frank
has a long track record of working with companies like CIC and is
very knowledgeable about our company, our people and our business
sector."

Mr. Elenio has over 25 years experience working with corporations
as a strategic, solution-driven professional focused on finance and
accounting, operations and turn-around management.  He has
extensive CFO level experience at public and private companies,
including Wilshire Enterprises, Inc., a real estate investment and
management company, WebCollage, Inc., an internet content
integrator for manufacturers, GoAmerica, Inc., a wireless internet
service provider and Roomlinx, Inc., a provider of wireless high
speed internet access to hotels and conference centers.  Both a CPA
and an MBA, Mr. Elenio is an Adjunct Professor of finance at Seton
Hall University.

"I have known and worked with Philip Sassower and Andrea Goren for
many years and I am looking forward to collaborating with them and
the rest of the board at what I believe is a significant and
positive inflection point for the company," said Frank Elenio,
director for CIC.  "The market for electronic signatures and
digital transaction management solutions is rapidly expanding in
the US and abroad, and CIC is uniquely positioned to take advantage
of these positive trends."

                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.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss attributable to common stockholders of $5.74 million on
$1.16 million of total revenue compared to a net loss attributable
to common stockholders of $5.73 million on $1.05 million of total
revenue for the same period during the prior year.

As of Sept. 30, 2015, the Company had $1.36 million in total
assets, $2.28 million in total liabilities and a $924,000 total
deficit.


CRAILAR TECH: Bowra to Sell Assets; Bid Deadline January 5
----------------------------------------------------------
The Bowra Group Inc., the monitor for the estate of Crailar
Technologies Inc. et al., is seeking offers:

     -- to purchase the Company's assets, or, in the alternative
     -- to make an investment in the Company to allow it to
        achieve profitable production

A sales and investment solicitation process order has been approved
by the Supreme Court of British Columbia.

The assets for sale are:

  -- intellectual property consisting of patents, trademarks,
     and proprietary knowledge;

  -- inventory of fiber products located in South Carolina, USA;

  -- equipment for production of fiber product located in South
     Carolina, USA; and

  -- fiber supply agreements.

The deadline of submit offers is Jan. 5, 2016.

For more information, interested buyers may contact:

   Martin Hyatt
   Tel: 604.608.6241
   Email: mhyatt@bowragroup.com

        - or -

   Gordon Brown
   Tel: 604.638.4946
   Email: gbrown@bowragroup.com

Crailar Technologies Inc. conducts research, development and
commercial sales of environmentally friendly fibers and textile
production processes based on hemp and flax.


CRYOPORT INC: Stockholders OK Hike of Authorized Common Shares
--------------------------------------------------------------
Cryoport, Inc., concluded its 2015 annual meeting of stockholders
on Nov. 20, 2015.  The Annual meeting was initially commenced on
Oct. 28, 2015, and the Company previously disclosed the final
voting results with respect to Proposal Nos. 1, 2, 3, and 5.  The
Annual Meeting was adjourned until Nov. 20, 2015, to allow
additional time to vote on Proposal No. 4.

At the Annual Meeting, the stockholders approved an amendment to
the Company's Amended and Restated Articles of Incorporation to
increase the number of authorized shares of the Company's common
stock from 20,833,333 shares to 50,000,000 shares.

                        About Cryoport

Lake Forest, Calif.-based CryoPort, Inc. (OTC BB: CYRX) provides
comprehensive solutions for frozen cold chain logistics, primarily
in the life science industries.  Its solutions afford new and
reliable alternatives to currently existing products and services
utilized for bio-pharmaceuticals and biologics, including in-vitro
fertilization, cell lines, vaccines, tissue and other commodities
requiring a reliable frozen solution.

As of Sept. 30, 2015, the Company had $8.91 million in total
assets, $2.19 million in total liabilities and $6.71 million in
total stockholders' equity.

Cryoport reported a net loss attributable to common stockholders of
$12.2 million for the year ended March 31, 2015, compared to a net
loss attributable to common stockholders of $19.6 million for the
year ended March 31, 2014.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2015, citing that the
Company has incurred recurring operating losses and has had
negative cash flows from operations since inception.  Although the
Company has cash and cash equivalents of $1.4 million at March 31,
2015, management has estimated that cash on hand, which include
proceeds from Class B convertible preferred stock received
subsequent to the fourth quarter of fiscal 2015, will only be
sufficient to allow the Company to continue its operations into the
third quarter of fiscal 2016.  These matters raise substantial
doubt about the Company's ability to continue as a going concern.



CUMULUS MEDIA: Crestview Owns 30% of Class A Shares as of Nov. 25
-----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Crestview Partners II GP, L.P. disclosed that as of
Nov. 25, 2015, it beneficially owns 72,953,315 shares of Class A
common stock of Cumulus Media, Inc. representing 30.27 percent of
the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/kI4GTw

                         About Cumulus Media

Cumulus Media Inc. (CMLS) combines high-quality local programming
with iconic, nationally syndicated media, sports and entertainment
brands in order to deliver premium choices for listeners, provide
substantial reach for advertisers and create opportunities for
shareholders.  As the largest pure-play radio broadcaster in the
United States, Cumulus provides exclusive content that is fully
distributed through approximately 460 owned-and-operated stations
in 90 U.S. media markets (including eight of the top 10), more
than 10,000 broadcast radio affiliates and numerous digital
channels.  Cumulus is well-positioned in the widening digital
audio space through a significant stake in the Rdio digital music
service, featuring 30 million songs on-demand in addition to
custom playlists and exclusive curated channels.  Cumulus is also
the leading provider of country music and lifestyle content
through its NASH brand, which will serve country fans through
radio programming, NASH magazine, concerts, licensed products and
television/video. For more information, visit www.cumulus.com

Cumulus Media put AR Broadcasting Holdings Inc. and three other
units to Chapter 11 protection (Bankr. D. Del. Lead Case No.
11-13674) in 2011 after struggling to pay off debts that topped
$97 million as of June 30, 2011.

As of Sept. 30, 2015, the Company had $3.12 billion in total
assets, $3.10 billion in total liabilities and $19.6 million in
total stockholders' equity.

                         Bankruptcy Warning

"The lenders under the Credit Agreement have taken security
interests in substantially all of our consolidated assets, and we
have pledged the stock of certain of our subsidiaries to secure the
debt under the Credit Agreement.  If the lenders accelerate the
required repayment of borrowings, we may be forced to liquidate
certain assets to repay all or part of such borrowings, and we
cannot assure you that sufficient assets will remain after we have
paid all of the borrowings under such Credit Agreement.  If we were
unable to repay those amounts, the lenders could proceed against
the collateral granted to them to secure that indebtedness and we
could be forced into bankruptcy or liquidation.  Our ability to
liquidate assets could also be affected by the regulatory
restrictions associated with radio stations, including FCC
licensing, which may make the market for these assets less liquid
and increase the chances that these assets would be liquidated at a
significant loss.  Any requirement for us to liquidate assets would
likely have a material adverse effect on our business," the Company
said in its annual report for the year ended Dec. 31, 2014.

                           *     *     *

Standard & Poor's Ratings Services, in September 2014, revised its
rating outlook on Atlanta, Ga.-based Cumulus Media to stable from
positive.  S&P also affirmed its 'B' corporate credit and existing
debt ratings on the company.

As reported by the TCR on Sept. 17, 2015, Moody's Investors Service
downgraded Cumulus Media Inc.'s Corporate Family Rating to B3 from
B2.  Cumulus' B3 Corporate Family Rating reflects Moody's
expectation that debt-to-EBITDA will remain elevated and in the mid
to high 8x through FYE2015 (including Moody's standard adjustments)
due to continued revenue declines in core ad sales and network
revenue as well as the absence of political ad spending in 2015, an
odd numbered year.


DALLAS PROTON: Cases Joint Administered for Procedural Purposes
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
directed the joint administration of cases of Dallas Proton
Treatment Center, LLC, and Dallas Proton Treatment Holdings, LLC,
under Case No. 15-33783.

The Court also ordered that the cases will be jointly administered
for procedural purposes only and will not be a substantive
consolidation of the respective estates.

The order was pursuant to the ore tenus motion of Lulu Limited.

Lulu Limited is represented by:

         Martin A. Sosland, Esq.
         WEIL, GOTSHAL & MANGES LLP
         200 Crescent Court, Suite 300
         Dallas, TX 75201
         Tel: (214) 746-7700
         Fax: (214) 746-7777
         E-mail: martin.sosland@weil.com

             About Dallas Proton Treatment Center, LLC

Dallas Proton Treatment Center, LLC and Dallas Proton Treatment
Holdings, LLC filed Chapter 11 bankruptcy petitions (Bankr. N.D.
Tex. Case Nos. 15-33783 and 15-33784, respectively) on Sept. 17,
2015.  The petitions were signed by James Thomson as chief
technology officer/manager.  The Debtors, in an amended schedules,
disclosed total assets of $47,177,195 and total liabilities of   
$78,219,361.  Gardere Wynne Sewell LLP represents the Debtors as
counsel.


DANIEL CARPENTER: Montana's Tax Claim Is Priority Claim
-------------------------------------------------------
Diane Davis at Bankruptcy Law Reporter reports that the U.S.
Bankruptcy Appellate Panel of the Ninth Circuit held on Nov. 18,
2015, that Montana's tax claim for unpaid corporate taxes in the
Chapter 11 case of Daniel Bruce Carpenter and Mary Esther Carpenter
is a priority excise tax claim.

According to the report, the Hon. Christopher M. Klein of the U.S.
Bankruptcy Court for the Eastern District of California concluded
that the liability imposed upon corporate responsible officers by
Montana Code Section 39-51-1105 is a "tax that has the same status
as the underlying corporate tax" for purposes of Bankruptcy Code
Section 507(a)(8), which provides priority tax categories that
qualify as priority debts.

The Debtors, Bankruptcy Law Reporter relates, argued that Section
507(a)(8)(E)'s excise tax priority can't apply to responsible
officers like themselves because the tax debt would be a Section
507(a)(8)(E) priority tax as to the corporate taxpayer but merely a
non-priority tax claim as to them as vicariously-liable
individuals.  This would allow them "to confirm a Chapter 11 plan
without paying the tax debt in full and to escape the incidental
consequence of nondischargeable status" under Section 523(a)(1) for
any unpaid portion, the report states, citing the Debtors.

Daniel Bruce Carpenter and Mary Esther Carpenter filed a Chapter
11 petition (Bankr. D. Mont. Case No. 13-61192) on August 30,
2013.


DEERFIELD RANCH: Court Allows Cash Collateral Use Through Dec. 31
-----------------------------------------------------------------
Judge Alan Jaroslovsky of the U.S. Bankruptcy Court for the
Northern District of California, Santa Rosa Division, granted final
approval of the fifth stipulation for continued interim use of cash
collateral, executed by debtor Deerfield Ranch Winery, LLC, secured
creditor Rabobank, N.A., and the Official Committee of Unsecured
Creditors of Deerfield Ranch Winery, LLC.

Rabobank relates that the Debtor is indebted to it under a term
loan with an original principal balance of $8,000,000, a current
principal balance of $7,659,000, and accrued but unpaid interest to
Oct. 31, 2015 ("Statement Date"), in the sum of $179,820.  Rabobank
further relates that the Debtor is also obligated to it under a
line of credit with an original and current principal balance of
$3,000,000, late charges of $1,913, and accrued but unpaid interest
to the Statement Date in the sum of $112,557. Rabobank adds that
that Debtor is obligated to it under the Term Loan and the Line of
Credit for such other costs and fees as are set forth in the loan
agreements and in other agreements between Rabobank and Debtor,
including a swap termination fee of $246,364.  Rabobank further
contends that it holds a first priority security interest in
Debtor's real property and a senior lien in Debtor's personal
property, except that each producer of grapes that are in the
possession of Debtor and that has a monetary claim against Debtor
is secured under California law, in priority senior to that of
Rabobank.

The Interim Stipulation is intended to allow the Debtor to continue
its operations through December 31, 2015. Under the Interim
Stipulation, the Debtor will make two monthly adequate protection
payments to Rabobank during the time period covered by the Current
Budget from Nov. 1, 2015, through and including December 31, 2015,
each in the sum of $28,741, for a total of $57,482.  The Interim
Stipulation also provides that Rabobank will receive, as adequate
protection for the use by the Debtor of Cash Collateral, a
replacement lien in new Cash Collateral and in all personal
property of the Debtor's estate of the same types as those in which
Rabobank held a security interest as of the commencement of the
case.

Further hearing on the Debtor's Cash Collateral Motion is scheduled
on Dec. 18, 2015 at 9:00 a.m.

Deerfield Ranch Winery is represented by:

          Scott H. McNutt, Esq.
          Shane J. Moses, Esq.
          Thomas B. Rupp, Esq.
          MCNUTT LAW GROUP LLP
          219 9th Street
          San Francisco, CA 94103
          Telephone: (415)995-8475
          Facsimile: (415)995-8487
          E-mail: smcnutt@ml-sf.com
                  smoses@ml-sf.com
                  Trupp@ml-sf.com

Rabobank is represented by:

          Richard A. Rogan, Esq.
          Nicolas De Lancie, Esq.
          JEFFER MANGELS BUTLER & MITCHELL LLP
          Two Embarcadero Center, Fifth Floor
          San Francisco, CA 94111-3813
          Telephone: (415)398-8080
          Facsimile: (415)398-5584
          E-mail: rar@jmbm.com
                  nde@jmbm.com

                   About Deerfield Ranch Winery

Sonoma Valley-based Deerfield Ranch Winery, LLC, was founded in
1982 by Robert and PJ Rex.

Deerfield Ranch Winery filed a Chapter 11 bankruptcy petition
(Bank. N.D. Cal. Case No. 15-10150) on Feb. 13, 2015.  The Debtor
disclosed $25,197,611 in assets and $12,041,939 in liabilities as
of the Chapter 11 filing.

Scott H. McNutt, Esq., and Shane J. Moses, Esq., at McNutt Law
Group LLP serve as the Debtor's counsel.  Jigsaw Advisors LLC acts

as the Debtor's restructuring financial advisor.  Judge Alan
Jaroslovsky is assigned to the case.  Dana Burwell, as appraiser,
will assist in valuing its real property known as 10176 Sonoma
Highway, Kenwood, California.  Rabobank N.A, is the Debtor's
primary secured lender.

The U.S. Trustee for Region 17 appointed three creditors to serve
on the official committee of unsecured creditors.  Pachulski Stang

Ziehl & Jones LLP serves as Committee counsel.



DIGITAL DOMAIN: Court Approves Amendment to Postpetition Financing
------------------------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court approved
Digital Domain Media Group's 25th amendment to the order (I)
authorizing the Debtors to obtain postpetition financing and use
cash collateral, (II) granting adequate protection, (III)
scheduling a final hearing and (IV) granting certain related
relief.

According to documents filed with the Court, "Notwithstanding the
occurrence of a Termination Event, the expiration of the Remedies
Notice Period and the termination of the automatic stay under
section 362(a) to allow the DIP Agent to exercise any and all
default remedies, the DIP Agent and DIP Lenders shall forebear from
exercising their remedies under the Final DIP Order, DIP Term Sheet
Documentation and applicable bankruptcy law and non-bankruptcy law
through and until the earlier of (i) Dec. 18, 2015; or (ii) the
occurrence of a Termination Event (other than the occurrence of the
Maturity Date) (the 'Forbearance Period')....The Approved Budget
will, for the period from Nov. 13, 2015, to Dec. 18, 2015, be
replaced with the Approved Budget."

                        About Digital Domain

Port St. Lucie, Florida-based Digital Domain Media Group, Inc.
--http://www.digitaldomain.com/-- engaged in the creation of   
original content animation feature films, and development of
computer-generated imagery for feature films and trans-media
advertising primarily in the United States.

Digital Domain Media Group, Inc. and 13 affiliates sought Chapter
11 protection (Bankr. D. Del. Lead Case No. 12-12568) on Sept. 11,
2012, to sell its business for $15 million to Searchlight Capital
Partners LP, subject to higher and better offers.  The Company
disclosed assets of $205 million and liabilities totaling $214
million.

The Debtors also have sought ancillary relief in Canada, pursuant
to the Companies' Creditors Arrangement Act in the Supreme Court of
British Columbia, Vancouver Registry.

Attorneys at Pachulski Stang Ziehl & Jones serve as counsel to the
Debtors.  FTI Consulting, Inc.'s Michael Katzenstein is the chief
restructuring officer.  Kurtzman Carson Consultants LLC is the
claims and notice agent.  An official committee of unsecured
creditors appointed in the case is represented by lawyers at
Sullivan Hazeltine Allinson LLC and Brown Rudnick LLP.

At a bankruptcy auction, the principal part of the business was
purchased by a joint venture between Galloping Horse America LLC,
an affiliate of Beijing Galloping Horse Co., and an affiliate of
Reliance Capital Ltd., based in Mumbai.  The $36.7 million total
value of the contact includes $3.6 million to cure defaults on
contracts and $2.9 million in reimbursement of payroll costs. As
the result of a settlement negotiated by the unsecured creditors'
committee with secured lenders, there will be some recovery for the
committee's constituency.


DM RECORDS: Files for Chapter 11 Bankruptcy Protection
------------------------------------------------------
DM Records, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-30368) on Nov. 19, 2015, listing its
total assets at $4.24 million and its total liabilities at $2.32
million.  The petition was signed by Mark Watson, president.

Brian Bandell at South Florida Business Journal reports that the
Company filed for bankruptcy after it lost a $2.2 million judgment
to the owner of songs "Whoomp! (There it is)" and "Dazzey Duks."

Business Journal recalls that soul artist Al Bell aka Alvertis
Isbell won in 2012 a $2.2 million judgment against DM Records for
improperly using both "Whoomp! (There is it)" and "Dazzey Duks."
The report says that Mr. Bell's record company Bellmark Records
originally released those songs in the early 1990s.  The Company,
according to the report, acquired Bellmark Records' assets when the
latter filed for Chapter 11 bankruptcy protection in 1997.

Business Journal relates that Mr. Bell sued the Company, claiming
that the two songs actually belonged to Alvert Music, which never
filed Chapter 11, to which the jury agreed and ruled in Mr. Bell's
favor.

According to Business Journal, the Company's reorganization plan
proposes to repay creditors over time.  The report states that Mr.
Bell would get repaid over 30 years under that plan.

Judge Raymond B. Ray presides over the case.

David L. Merrill, Esq., at Merrill PA serves as the Company's
bankruptcy counsel.

DM Records, Inc., -- dba DM Music Group; Ashley Watson Publishing,
BMI; Sky Records; Koke, Moke and Noke Publishing, BMI; Critique
Records; Bass Tracks, ASCAP; Wrap Records; Bellmark Records; and
Ichiban Records -- is headquartered in Deerfield Beach, Florida.


DOLPHIN DIGITAL: Incurs $341,000 Net Loss in Third Quarter
----------------------------------------------------------
Dolphin Digital Media Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $341,000 on $2.42 million of total revenues for the three months
ended Sept. 30, 2015, compared to a net loss of $536,000 on
$517,000 of total revenues for the same period a year ago.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $2.44 million on $2.44 million of total revenues
compared to a net loss of $1.48 million on $1.56 million of total
revenues for the same period during the prior year.

As of Sept. 30, 2015, the Company had $3.07 million in total
assets, $14.3 million in total liabilities, all current, and a
total stockholders' deficit of $11.3 million.

As of Sept. 30, 2015, and Sept. 30, 2014, the Company had cash of
approximately $0.6 million and approximately $0.4 million,
respectively, and a working capital deficit of approximately $12.3
million and approximately $9.1 million, respectively.

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

                        http://is.gd/8N3aYC
  
                       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.


ECO BUILDING: Incurs $7.97 Million Net Loss in Third Quarter
------------------------------------------------------------
Eco Building Products, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $7.97 million on $278,000 of revenue for the three months ended
Sept. 30, 2015, compared to net income of $532,000 on $804,000 of
revenue for the same period a year ago.

As of Sept. 30, 2015, the Company had $1.18 million in total
assets, $26.8 million in total liabilities, $1.14 million in
liabilities related to discontinued operations and a total
stockholders' deficit of $26.8 million.

On Sept. 30, 2015, the Company had $188,846 in cash on hand.
During the three months ended Sept. 30, 2015, net cash used in the
Company's operating activities amounted to $473,530.  Net cash used
during the same period for the Company's investing activities
totaled $176,209.  During the same period, the Company received
proceeds resulting in net cash from financing activities of
$798,279 of which $415,500.

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

                       http://is.gd/skuIiN

                        About Eco Building

Vista, Calif.-based Eco Building Products is a manufacturer of
proprietary wood products treated with an eco-friendly proprietary
chemistry that protects against mold, rot, decay, termites and
fire.

Eco Building reported net income of $99,871 on $2.09 million of
total revenue for the 12 months ended June 30, 2015, compared to a
net loss of $28.94 million on $1.18 million of total revenue for
the 12 months ended June 30, 2014.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended June 30, 2015, citing that the
Company has an accumulated deficit of $74,876,514, negative working
capital, and negative gross margin as of June 30, 2015, which
raises substantial doubt about its ability to continue as a going
concern.


ECO BUILDING: Needs More Time to File Form 10-Q
-----------------------------------------------
Eco Building Products Inc. was unable, without unreasonable effort
or expense, to file its quarterly report on Form 10-Q for the
period ended Sept. 30, 2015, by the Nov. 16, 2015, filing date
applicable to smaller reporting companies due to a delay
experienced by the Company in completing its financial statements
and other disclosures in the Quarterly Report.  As a result, the
Company is still in the process of compiling required information
to complete the Quarterly Report and its independent registered
public accounting firm requires additional time to complete its
review of the financial statements for the period ended Sept. 30,
2015, to be incorporated in the Quarterly Report. The Company
anticipates that it will file the Quarterly Report no later than
the fifth calendar day following the prescribed filing date.

Revenues from continuing operations were approximately $275,000 and
$800,000 for the three months ended Sept. 30, 2015, and 2014,
respectively.  The decline in revenue was due to the loss of a
large unprofitable customer and discontinuance of a product line.

Operating expenses from continuing operations were approximately
$521,000 and $1,430,000 for the three months ended Sept. 30, 2015,
and 2014, respectively.  Operating expenses declined due to a
reduction in head count and other cost reduction measures by
management.

Operating loss from continuing operations (not including
derivative, interest and other income and expenses) declined to
approximately $675,000 from $1,129,000 for the three months ended
Sept. 30, 2015, and 2014, respectively.

These dollar amounts and results of financials have not been
finalized, are approximates and have not been reviewed by the
Company's independent accounting firm.  Therefore, these dollar
amounts are still subject to change.

                        About Eco Building

Vista, Calif.-based Eco Building Products is a manufacturer of
proprietary wood products treated with an eco-friendly proprietary
chemistry that protects against mold, rot, decay, termites and
fire.

Eco Building reported net income of $99,871 on $2.09 million of
total revenue for the 12 months ended June 30, 2015, compared to a
net loss of $28.94 million on $1.18 million of total revenue for
the 12 months ended June 30, 2014.

As of June 30, 2015, the Company had $879,747 in total assets,
$19.16 million in total liabilities, $1.14 million in liabilities
related to discontinued operations and a $19.43 million total
stockholders' deficit.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended June 30, 2015, citing that the
Company has an accumulated deficit of $74,876,514, negative working
capital, and negative gross margin as of June 30, 2015, which
raises substantial doubt about its ability to continue as a going
concern.


ECOSPHERE TECHNOLOGIES: Delays Third Quarter Form 10-Q for Review
-----------------------------------------------------------------
Ecosphere Technologies, 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 Sept. 30, 2015.  The Company said it continues to work with
its independent auditors to finalize the review of its quarterly
report on Form 10Q.   

The Company's quarterly report for the quarter ended Sept. 30,
2015, will include an impairment charge of approximately $12
million related to its investment in an unconsolidated investee due
to the recent downturn in the oil and gas industry.

                   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.

As of Dec. 31, 2014, the Company had $15.05 million in total
assets, $3.82 million in total liabilities, $3.8 million in total
redeemable convertible cumulative preferred stock, and $7.42
million in total equity.

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.


ECOSPHERE TECHNOLOGIES: Incurs $16.2 Million Net Loss in Q3
-----------------------------------------------------------
Ecosphere Technologies, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $16.2 million on $15,240 of total revenues for the
three months ended Sept. 30, 2015, compared to a net loss of $1.94
million on $551,000 of total revenues for the same period last
year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $21.33 million on $35,204 of total revenues compared to
a net loss of $7.74 million on $688,000 of total revenues for the
same period during the prior year.

As of Sept. 30, 2015, the Company had $3.03 million in total
assets, $10.4 million in total liabilities, $3.86 million in total
redeemable convertible cumulative preferred stock, and a total
deficit of $11.2 million.

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

                      http://is.gd/JeUotO

                   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: Director Edgardo Volosin Tenders Resignation
-------------------------------------------------------
Edenor S.A. disclosed it has received the resignation, based on
personal grounds, of Sr. Edgardo A. Volosin to the position of
permanent director for which he has been appointed in the Ordinary
and Extraordinary General Shareholders' meeting held on April 28,
2015.  Said resignation is effective as from Nov. 23, 2015, and
will be submitted for consideration by the Company's Board of
Directors during its next meeting.

                          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.

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.



EDENOR SA: Posts ARS214 Million Net Income in Third Quarter
-----------------------------------------------------------
Edenor S.A. reported net income of ARS214 million on ARS1.04
billion of revenue for the three months ended Sept. 30, 2015,
compared to a net loss of ARS721 million on ARS995 million of
revenue for the same period in 2014.

For the nine months ended Sept. 30, 2015, the Company reported net
income of ARS939 million on ARS2.91 billion of revenue compared to
a net loss of ARS1.44 billion on ARS2.74 billion of revenue for the
same period last year.

As of Sept. 30, 2015, the Company had ARS11.9 billion in total
assets, ARS10.6 billion in total liabilities and ARS1.32 billion in
total equity.

A full-text copy of the Quarterly Report is available at:

                       http://is.gd/OQjUGz

                          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: Needs More Time to File Sept. 30 Form 10-Q
--------------------------------------------------------
EFT Holdings, 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
Sept. 30, 2015.  The Company said the compilation, dissemination
and review of the information required to be presented in the
Quarterly Report on 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 registrant.
The Company undertakes the responsibility to file such report no
later than the fifth day after its original prescribed due date.

                         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.

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.


EFT HOLDINGS: Posts $3.7 Million Net Income for Second Quarter
--------------------------------------------------------------
EFT Holdings, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
attributable to the Company of $3.70 million on $158,000 of net
total revenues for the three months ended Sept. 30, 2015, compared
to net income attributable to the Company of $301,779 on $164,000
of net total revenues for the same period a year ago.

For the six months ended Sept. 30, 2015, the Company reported net
income attributable to the Company of $2.27 million on $258,000 of
net total revenues compared to a net loss attributable to the
Company of $233,000 on $462,000 of net total revenues for the same
period during the prior year.

As of Sept. 30, 2015, the Company had $4.32 million in total
assets, $9.63 million in total liabilities and a $5.30 million
total deficiency.

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

                       http://is.gd/B04uEm

                         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.


ELEPHANT TALK: Appoints Robert Turner as Executive Chairman
-----------------------------------------------------------
Elephant Talk Communications Corp. announced that the Company has
appointed Robert H. Turner as executive chairman and Tim Payne, the
current president of Elephant Talk North America, as interim CEO.
Together, both appointees will be responsible for managing and
growing Elephant Talk's global operations.  Mr. Steven van der
Velden has stepped down as Chairman, CEO and a director of the
Company.

As compensation for his service as a director, Mr. Turner will
receive an annual base salary of $300,000, to be paid monthly in
arrears.  The Board may from time to time review and revise the
salary, if necessary depending on relevant benchmark-numbers and
peer companies.  Upon achievement of certain milestone, Mr. Turner
may be entitled to receive $75,000 of cash bonus and 150,000
restricted shares of the Company.  Mr. Turner is also entitled to
receive 2,500,000 options exercisable by Nov. 11, 2022.

Since the beginning of the Company’s last fiscal year, Mr. Turner
has not been a party to any transaction, or any currently proposed
transaction, in which the Company was or is to be a participant and
the amount involved exceeds $120,000, or in which any related
person of Mr. Turner had or will have a direct or indirect material
interest.

Mr. Turner brings over 40 years of international C-level global
telecom and communications technology experience to Elephant Talk
gained through a career leading and servicing major Tier 1, 2, and
3, incumbent and competitive (MVNO/CLEC/ISP/Cable) wireless and
wired operators.  Mr. Turner's expertise includes decades of P&L
leadership, M&A, joint ventures, strategic alliances and global
partnerships gained through a career including Senior Sales and
Marketing roles at AT&T, President and Chief Operating Officer of
BellSouth Communications, Inc. (now AT&T) and serving as Chairman,
CEO and President of several international voice and data
services/networking companies including PTT Telecom Netherlands US,
Inc. (now KPN), TeleZone, Inc. (Toronto, Canada) and Davnet Limited
(Sydney, Australia).

"On behalf of the Board and the entire management team at Elephant
Talk, we are excited to welcome Hal Turner to the Company.  We
believe he has the ideal mix of business strategy, global
management and technology expertise that is needed to advance our
industry-leading solutions and add to our growing global customer
base that includes Tier 1 customers in the US, Brazil, Europe and
the Middle East," said Mr. Carl Stevens, Member of the Board.
"Supported by a dedicated and focused team along with technology
that is delivering the highest performance and most reliable
services in the industry, Hal will play a vital role in further
scaling-up the organization while managing its growth and cost
structure ensuring we deliver value for our shareholders."

"This is an exciting time to be joining a company like Elephant
Talk which has created and delivered remarkable technology
solutions to MNOs and MVNOs.  Elephant Talk's products are at the
leading edge of performance and reliability, leveraging
technologies such as SDN, NFV and the cloud to overcome the
critical cost and competitive issues now facing mobile operators
around the globe," said Robert H. Turner, newly appointed executive
chairman of the Board of Elephant Talk Communications Corp.
"Thanks to the work done by the Board and the senior team at
Elephant Talk, the Company is now well positioned to deliver on the
promise of its proprietary technology and it is my goal to ensure
that the business capitalizes on this opportunity to supply its
best-in-class products and customer support, and do so efficiently
and profitably."

"We would also like to thank Steven van der Velden for his many
years of hard work and dedication to Elephant Talk.  We look
forward to Steven remaining a very large shareholder of the Company
and wish him much success in all his future endeavors," continued
Mr. Carl Stevens, on behalf of the Board of Directors.

Recently, Mr. Turner served as chairman of Pandora Networks, Inc.
(now named Panterra Networks), CEO at Pac West Telecomm, Inc. and
for the past 28 years, founder at Turner Telecom Holdings Group,
LLC, an executive management and board services consultancy and
advisory firm focused on serving leading-edge telecom, software and
technology companies from start-ups to turnaround, worldwide. Mr.
Turner is a featured contributor to key publications in the
wireless, networking and technology industries and is also a guest
lecturer at The Darla Moore School of Business at The University of
South Carolina.

Mr. Payne has been president of Elephant Talk North America since
April 2014.  Tim has over 20 years of domestic US telecom
experience driving sales and distribution programs at top
telecommunication companies including serving as Senior National
Sales Leader at Verizon Telematics, National Sales Manager at
Networkfleet, General Manager at Clearwire and District Manager at
Sprint Nextel.

                     About Elephant Talk

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

Elephant Talk reported a net loss of $21.9 million in 2014, a net
loss of $25.5 million in 2013 and a net loss of $23.1 million in
2012.

As of Sept. 30, 2015, the Company had $30.7 million in total
assets, $14.3 million in total liabilities and $16.4 million in
total stockholders' equity.


EMMAUS LIFE: Designation Agreement with Sarissa, et al., Canceled
-----------------------------------------------------------------
Sarissa Capital Management LP, Yutaka Niihara and Emmaus Life
Sciences, Inc., entered into amendment No. 1 to the Designation
Agreement pursuant to which, among other things, the parties agreed
to terminate the Designation Agreement.  In connection with the
Amendment, Mayu Sris, managing director of Sarissa Capital,
resigned from the Board of Directors of Emmaus Life.

                        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: Terminates Designation Agreement with Sarissa
----------------------------------------------------------
On April 28, 2015, Dr. Yutaka Niihara, the former president and
chief executive officer and current chairman of the Board and chief
scientific officer of Emmaus Life Sciences, Inc. filed a complaint
in the Court of Chancery of the State of Delaware under Section 225
of the Delaware General Corporation Law against Sarissa Capital
Management L.P., T.R. Winston & Company, LLC, and certain incumbent
and former directors of the Company (as to whom the action was
previously dismissed), as defendants, and the Company as nominal
defendant.  The Complaint requested that the Court issue an order
declaring, among other things, that:

  * Dr. Niihara validly delivered stockholder consents to the
    Company to effect certain amendments to the Company's By-laws
    and to elect certain additional individuals to the Company's
    Board of Directors, and that such stockholder consents are
    effective;

  * the Company's By-laws were validly amended as provided in the
    stockholder consents;

  * the size of the Board of Directors was increased by seven,
    with the vacancies filled by the directors named in the
    stockholder consents;

  * any actions taken by the incumbent directors of the Company
    since April 24, 2015 are invalid and void; and

  * the actions purportedly taken by written consent were not
    prohibited by the terms of the Agreement, dated as of
    Sept. 11, 2013, among the Company, Dr. Niihara, Sarissa and
    TRW.

On June 10, 2015, the Delaware court issued a Status Quo Order
providing that, among other things, until conclusion of the case,
the Board would be comprised of Dr. Niihara, Mayuran
Sriskandarajah, Philip Satow and Dr. Henry McKinnell (subject to
the ability to resign and the seating or replacement of directors
under the Designation Agreement) and that the Company would
generally be prohibited from taking actions outside of the routine
day-to-day operations of the Company conducted in its ordinary
course of business unless agreed upon all directors.  Since the
Order was entered, Mr. Satow and Dr. McKinnell have resigned from
the Board, and Dr. Scott Gottlieb has been appointed to the Board
as a designee of TRW.

On Nov. 19, 2015, counsel to Dr. Niihara, Sarissa and the Company
filed a joint stipulation to dismiss the action.  In connection
therewith, on Nov. 19, 2015, the Company, Dr. Niihara and Sarissa
entered into Amendment No. 1 to the Designation Agreement.  The
Amendment terminates the Designation Agreement with respect to the
Company, Dr. Niihara and Sarissa, and provides that those parties
shall have no further rights or obligations to each other under the
Designation Agreement.  Furthermore, each of the Company, Sarissa
and Dr. Niihara waived all rights each has ever had, has or may
have under the Designation Agreement against each other, and
released each other from any and all obligations each has ever had,
has or may have to the other under the Designation Agreement.  As a
result of the Amendment, Sarissa no longer has the right to
designate any members of the Company's Board, nor does it have the
right to approve any actions as were set forth in the Designation
Agreement.  On Nov. 20, 2015, the Court entered the dismissal, at
which time the Order ceased to be in effect.

In connection with the Amendment, on Nov. 19, 2015, Mr.
Sriskandarajah tendered his resignation from the Board, effective
immediately.  Prior to his resignation, Mr. Sriskandarajah was a
member of the Board's Compensation, Nominating and Corporate
Governance Committee, and had previously served as a member of the
Board's Audit Committee.

                         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: Yutaka Niihara Reports 37.5% Stake as of Nov. 19
-------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Yutaka Niihara, M.D., M.P.H. disclosed that as of Nov.
19, 2015, he beneficially owns 11,093,940 shares of common stock of
Emmaus Life Sciences, Inc., representing 37.5 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/lfIG1V

                         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.


ENERGY & EXPLORATION: Responds to Involuntary Chapter 11 Petition
-----------------------------------------------------------------
Energy and Exploration Partners, Inc. on Nov. 27 disclosed that on
the evening of November 25, 2015, certain unsecured creditors filed
an involuntary bankruptcy petition in the United States Bankruptcy
Court for the Northern District of Texas against one of the
Company's operating subsidiaries.

"We are aware of the petition filed by certain of our oilfield
service suppliers," said Hunt Pettit, Energy & Exploration
Partners' Founder and Chief Executive Officer.  "The sharp and
protracted period of depressed commodity prices, resulting from
OPEC's decisions exactly one year ago has created difficult
conditions for the entire industry and we are no exception.  We are
in the final stages of discussions with our lenders to provide new
capital to fund operations and capital investments.  We value our
long-term business relationships with our suppliers and while we
are disappointed by their actions, we intend to respond to the
petition filed in due course.  Most importantly, we will continue
to manage our business and daily production operations without
interruption.  I look forward to providing an update of our
progress."  

The filing of the involuntary petition by certain unsecured
creditors initiates a process through which the Company and its
stakeholders can come to resolution and affords ENXP certain
protections under the law from enforcement actions while the
Company continues to operate in the ordinary course.  Although the
petition was filed in bankruptcy court, ENXP is not in bankruptcy
and day to day operations continue as normal.  Energy & Exploration
Partners has 21 days from the time of service to respond to the
petition.

               About Energy & Exploration Partners

Energy and Exploration Partners, Inc. -- http://www.enxp.com-- is
an independent exploration and production operator based in Fort
Worth, Texas, focused on the acquisition, exploration and
development of conventional and unconventional oil and gas
resources.  Its current operations are focused on the stacked
formations in the East Texas Basin.


ENERGY FUTURE: $14,000 in Claims Switched Hands Between Aug & Nov
-----------------------------------------------------------------
In the Chapter 11 case of Reed and Barton Corporation, five claims
switched hands from Aug. 20 to Nov. 17, 2015:

     Transferee                 Transferor          Claim Amount
     ----------                 ----------          ------------
Claims Recovery Group, LLC    Vanguard Cleaning         $675.00
                              Systems

Fair Harbor Capital, LLC      Milhench Supply Co      $4,241.55
                              Inc        

Fair Harbor Capital, LLC      The Alpha Group, Inc.   $1,515.25

Liquidity Solutions, Inc.     Leonards Repair &       $1,233.09
                              Towing

Liquidity Solutions, Inc.     Vintage Graphic         $3,653.05
                              Solutions

Tannor Partners Credit        Environmental Services  $3,519.96
Fund, LP                      Inc

                      About Reed and Barton

Founded in 1824, Reed and Barton Corporation is a designer and
distributor of high quality silverware and tableware, along with
flatware, crystal drinkware, picture frames, ornaments, and baby
giftware.  Reed and Barton, which sells products with the Reed &
Barton, Lunt, R&B EveryDay, and Williamsburg brands, is based in
Taunton, Massachusetts.  The privately held company's stock is
owned by 28 record shareholders who either are descendants of
Henry Reed or trusts for their benefit.  Aside from selling its
products in department stores and TV shopping networks, the
company has an on-site factory store in Taunton and a showroom in
Atlanta, Georgia.

Reed and Barton sought Chapter 11 bankruptcy protection (Bankr. D.
Mass. Case No. 15-10534) in Boston, Massachusetts, on Feb. 17,
2015.  The case is assigned to Judge Henry J. Boroff.

The Debtor has tapped Holland & Knight, in Boston, as counsel;
Financo, LLC, as investment banker; and Verdolino & Lowey, P.C.,
as accountant.

The Debtor disclosed $18.3 million in assets and $25.7 million in
liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 1 appointed three creditors to serve
on the official committee of unsecured creditors.


ENERGY FUTURE: Reaches Settlement With Committee Regarding Plan
---------------------------------------------------------------
Tom Hals at Reuters reports that Energy Future Holdings Corp. has
reached a settlement with the Official Committee of Unsecured
Creditors, the last group of creditors opposed to the Company's
Chapter 11 bankruptcy plan.

According to court documents, the Company said that it had reached
settlements with the Committee, as well as a representative for
some junior bondholders.  Reuters states that under the settlement,
the Committee and bondholders agreed to drop their opposition to
the plan and the Hunt Consolidated deal, in exchange of receiving
some of the interest that has accrued during the bankruptcy.

Reuters relates that the plan centers around the sale of the Oncor
power distribution business to a group led by Hunt Consolidated in
a deal that has been valued at $19 billion.  The report recalls
that the Committee had opposed the structure of the deal, which
they claimed would let Hunt Consolidated walk away if the deal
failed to clear regulatory hurdles.

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a Portfolio
of competitive and regulated energy businesses in Texas.

Oncor, an 80 percent-owned entity within the EFH group, is the
Largest regulated transmission and distribution utility in Texas.

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

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

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

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

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

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

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

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


ESP RESOURCES: Delays Third 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 quarter ended
Sept. 30, 2015.  The Company expects to file its Form 10-Q 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 $590,000 Net Loss in Third Quarter
--------------------------------------------------------
ESP Resources Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $590,000 on $1.80 million of net sales for the three months
ended Sept. 30, 2015, compared to a net loss of $734,000 on $3.03
million of net sales for the same period in 2014.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $1.24 million on $5.60 million of net sales compared to
a net loss of $2.15 million on $8.81 million of net sales for the
same period during the prior year.

As of Sept. 30, 2015, the Company had $4.08 million in total
assets, $9.55 million in total liabilities and a total
stockholders' deficit of $5.47 million.

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

                        http://is.gd/iMwZ63

                        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.


ESSAR STEEL: Algoma Holdings Files for Chapter 15 in Delaware
-------------------------------------------------------------
BankruptcyData reported that Amsterdam, Netherlands-based Algoma
Holdings filed for Chapter 15 protection with the U.S. Bankruptcy
Court in the District of Delaware, case number 15-12349.

The Company, which is involved in steel production, is represented
by Daniel J. DeFranceschi of Richards, Layton & Finger.  This
filing relates to Essar Steel Algoma's Nov. 9, 2015 Chapter 15
filing, and Algoma Holdings has already petitioned the Court for
joint administration with that proceeding.

Essar Steel Algoma previously filed an application in a foreign
proceeding (the CCAA Proceeding) under Canada's Companies'
Creditors Arrangement Act, R.S.C. 1985, c. C-36 pending before the
Ontario Superior Court of Justice, Commercial List.  100% of Algoma
Holdings B.V.'s common equity is directly owned by Algoma Holdings
Cooperatief U.A. Algoma Holdings' Chapter 15 petition indicates
total assets greater than $1 billion.

                        About Essar Steel

Headquartered in Sault Ste. Marie, Ontario, Canada, ESA is an
integrated steel producer.  Approximately 80% to 85% of ESA's sales
are sheet products with plate products accounting for the balance.
For the 12 months ending December 31, 2013, ESA generated revenues
of C$1.8 billion.

Robert J. Sandoval filed a petition under Chapter 15 of the U.S.
Bankruptcy Code for Essar Steel Algoma Inc., and its debtor
affiliates on July 16, 2014, following the companies' initiation of
a reorganization under Canada's Companies' Creditors Arrangement
Act.  The lead case is Essar Steel Algoma Inc., Case No. 14-11730
(D. Del.).  Essar Steel operates one of Canada's largest integrated
steel manufacturing facilities.  The Chapter 15 case is assigned to
Judge Brendan Linehan Shannon.  The Chapter 15 Petitioner's Counsel
is Daniel J. DeFranceschi, Esq., and Amanda R. Steele, Esq., at
Richards, Layton & Finger, P.A., in Wilmington, Delaware.

                       *     *     *

The Troubled Company Reporter, on Oct. 15, 2015, reported that
Moody's Investors Service downgraded Essar Steel Algoma Inc.'s
(ESA) corporate family rating and probability of default rating to
Caa3 and Caa3-PD from Caa1 and Caa1-PD respectively.  At the same
time Moody's downgraded the revolving credit facility rating to B2
from B1, the senior secured term loan facility and senior secured
notes rating to Caa1 from B2.  The rating on 1839688 Alberta ULC's
secured (third/fourth lien) notes (guaranteed by ESA and other
subsidiaries of ESA) was downgraded to Ca from Caa2.  The outlook
is negative.


FINJAN HOLDINGS: $39.5M Jury Award Against Blue Coat Affirmed
-------------------------------------------------------------
Finjan Holdings, Inc., disclosed that in Finjan, Inc. v. Blue Coat
Systems Inc. (5:13-cv-03999-BLF), the Honorable Beth Labson Freeman
entered her Order Regarding Non-Jury Legal Issues, and Judgment
against Blue Coat Systems affirming the earlier Jury Verdict and
Award, all of which is in favor of Finjan.

"The significance of the Court's sound rulings regarding our
patented technologies should resonate within our industry," said
Julie Mar-Spinola, Finjan's CIPO, and VP, Legal.  "The industry
should take notice of the findings, which we believe, firmly
establishes our inventions, as legitimate, patentable, and,
therefore, enforceable."

"Finjan has a comprehensive portfolio of patented technologies that
are being used throughout the industry today.  It was no surprise
with the increasing enablement of security through cloud
provisioned systems - as Blue Coat relies upon - that the focus of
this case would be around the '844 Patent, as the jury awarded
Finjan $24M in damages for infringement of this patent alone," said
Finjan's CEO, Phil Hartstein.

The parties have about 28 days to file post-judgment motions with
the District Court, and can file notices of appeal to the Court of
Appeals for the Federal Circuit about 30 days after the District
Court rules.

"Absent unforeseeable events, based on the trial record and the
Court's rulings, we remain confident that the merits of our claims
against Blue Coat will be sustained on appeal," stated Ms.
Mar-Spinola.

Finjan has also filed a second patent infringement lawsuit against
Blue Coat Systems, Inc. (Blue Coat), alleging infringement of seven
Finjan patents relating to new infringing Blue Coat products and
services.  The Complaint (5:15-cv-03295, Docket No. 1), filed July
15, 2015, in the U.S. District Court for the Northern District of
California, alleges that Blue Coat's new products and services
infringe seven Finjan patents.  In particular, Finjan is asserting
infringement of U.S. Patent Nos. 6,154,844; 6,965,968; 7,418,731;
8,079,086; 8,225,408; 8,566,580; 8,677,494; four of which are being
asserted against Blue Coat for the first time. This matter has also
been assigned to Judge Freeman.

Finjan has filed patent infringement lawsuits against FireEye,
Proofpoint, Sophos, Symantec, and Palo Alto Networks relating to,
collectively, more than 20 patents in the Finjan portfolio.  The
court dockets for the foregoing cases are publicly available on the
Public Access to Court Electronic Records (PACER) website,
www.pacer.gov, which is operated by the Administrative Office of
the U.S. Courts.

                            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 Sept. 30, 2015, the Company had $9.93 million in total
assets, $2.66 million in total liabilities and $7.27 million in
total stockholders' equity.


FINJAN HOLDINGS: Granted 24th US Patent by USPTO
------------------------------------------------
Finjan Holdings, Inc., announced that the United States Patent and
Trademark Office has granted its subsidiary, Finjan, Inc., with
U.S. Patent No. 9,189,621 (the '621 Patent) covering malicious
mobile code runtime monitoring system and methods.  Personal data
is at constant risk given the rapid growth of connected devices as
well as content available on the internet.  Given this, the
unprecedented challenge of keeping data secure otherwise known as
cybersecurity is becoming more relevant with each passing day.

"Finjan's early investments in R&D and product development of -
then disruptive - malware protection technologies continue to be
recognized by the US Patent and Trademark Office as we just learned
with the issuance of the 24th patent to our U.S. portfolio," said
Finjan's President & CEO, Phil Hartstein.  "This expands coverage
in our growing list of cybersecurity technologies covered by more
than 40 patents worldwide."

The '621 Patent provides protection systems and methods capable of
protecting a personal computer or other network accessible devices
from malicious operations that might otherwise be influenced by
remotely operable code.  Remotely operable code that is protectable
can include downloadable application programs, program code
groupings as well as software components such as JavaTM applets and
ActiveXTM controls.  Protection can also be provided interactively,
automatically or mixed configurable manner using protected client,
server or other parameters.

                          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 Sept. 30, 2015, the Company had $9.93 million in total
assets, $2.66 million in total liabilities and $7.27 million in
total stockholders' equity.


FIRST DATA: Sold $3.4 Billion Senior Notes due 2023
---------------------------------------------------
First Data Corporation issued and sold $3,400,000,000 aggregate
principal amount of 7.000% Senior Notes due 2023, which mature on
Dec. 1, 2023, pursuant to an indenture, dated Nov. 18, 2015, by and
among the Company, the guarantors party thereto and Wells Fargo
Bank, National Association, as trustee.  

The Company intends to use the net proceeds from the issue and sale
of the notes, together with proceeds from its initial public
offering and borrowings under its senior secured revolving credit
facility, to (i) redeem all $1,404 million aggregate principal
amount of its outstanding 12.625% senior notes due 2021, all $530
million aggregate principal amount of its outstanding 10.625%
senior notes due 2021, and all $1,609 million aggregate principal
amount of its outstanding 11.75% senior subordinated notes due 2021
and (ii) pay any applicable premiums and related fees and
expenses.

The notes accrue interest at the rate of 7.000% per annum and
mature on Dec. 1, 2023.  Interest on the notes is payable in cash
on June 1 and December 1 of each year.

The notes are jointly and severally and fully and unconditionally
guaranteed on a senior unsecured basis by each of the Company's
existing and future direct and indirect wholly owned domestic
subsidiaries that guarantees the Company's senior secured credit
facilities.

A copy of the Indenture is available for free at:

                        http://is.gd/thd57x

                         About First Data

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

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

As of Sept. 30, 2015, the Company had $33.4 billion in total
assets, $31.4 billion in total liabilities and $1.98 billion in
total equity.

                           *     *     *

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


FIRST SOUTH: 4th Circuit Denies Bid for Damages on Sour Loan
------------------------------------------------------------
Patrick Boyle at Bankruptcy Law360 reported that the Fourth Circuit
ruled on Nov. 20, 2015, that First South Bank can't seek damages
for a failed investment in a real estate development even if it was
misled into joining the project because the bank chose to pursue a
refund for the claim during a district court trial.

First South Bank's decision to limit its request to a $2.7 million
rescission from Fifth Third Bank instead of asking for breach of
contract damages disqualified it from then winning a treble payment
based on damages, the circuit said.


FOREST DESIGNS: Files for Chapter 11 Bankruptcy Protection
----------------------------------------------------------
Furniture Today reports that Forest Designs has filed with the U.S.
Bankruptcy Court for the District of Arizona for Chapter 11
bankruptcy protection, estimating its liabilities at between
$500,000 and $1 million and assets at between $100,000 to $500,000.


The report adds that the Company disclosed that its unsecured debt
is over $289,000.  Court documents show that the Company's largest
unsecured creditor is Hardwoods Specialty Products, which is owed
$168,071.

Forest Designs is a case goods producer whose product line includes
bedroom, home office, home entertainment and occasional furniture.


FOUNDATION HEALTHCARE: To Get $3.85 Million from Real Estate Sale
-----------------------------------------------------------------
Foundation HealthCare, Inc., announced that Grayson County
Physicians Property, LLC, an entity in which Foundation indirectly
owns a 20% ownership interest, sold the real estate and hospital
building in Sherman, Texas where Heritage Park Surgical Hospital is
located.

Foundation received $3.7 million in proceeds from the sale and
expects an additional $150,000 to be released from escrow within
the next 12 months.  The gain on the sale is $3.3 million before
taxes. Foundation will use $2.8 million of the proceeds to reduce
long term debt.

Foundation, working with physicians in the Sherman, Texas market,
developed and constructed Heritage Park Surgical Hospital which
opened in 2010.  Heritage Park previously sold substantially all of
its assets, except the real estate and the building in June 2015.

"The Heritage Park real estate sale completes a milestone in
Foundation's growth strategy," said Stanton Nelson, Foundation CEO.
"Our stated goal is majority ownerships in surgical hospitals;
accordingly, this year we have divested our minority interest in
two hospitals, including Heritage Park, with the intention of
redirecting the capital to reduce debt and acquire majority
ownership in surgical hospitals in targeted urban markets."

Foundation recently announced its Asset Purchase Agreement to
acquire University General Hospital in Houston.  "Foundation's
growth strategy has led to double-digit revenue performance the
past five consecutive quarters.  We are excited about re-entering
the Houston market and deploying our surgical hospital model," said
Nelson.

"We believe our experience with Heritage Park Surgical Hospital
demonstrates the value of partnering with Foundation HealthCare.
Our physician partners at Heritage Park received $6.3 million in
distributions or about $78,750 per 1% ownership interest during the
five years following the opening of the hospital, in May 2010,
through the sale in June 2015.  In addition to these distributions,
an initial investment of $25,000 resulted in a return of more than
$230,000 from the sale of both the operations and real estate
units.  That represents a total return on investment of over 900%
in five years not including the monthly distributions," added
Nelson.

                    About Foundation Healthcare

Oklahoma-based Foundation Healthcare is a healthcare services
company primarily focused on owning controlling interests in
surgical hospitals and the inclusion of ancillary service lines.
The Company currently owns controlling and noncontrolling
interests in surgical hospitals located in Texas.  The Company
also owns noncontrolling interests in ambulatory surgery centers
("ASCs") located in Texas, Oklahoma, Pennsylvania, New Jersey,
Maryland and Ohio.

Additionally, the Company provides sleep testing management
services to various rural hospitals in Iowa, Minnesota, Missouri,
Nebraska and South Dakota under management contracts with the
hospitals.  The Company provides management services to a majority
of its Affiliates under the terms of various management
agreements.  Prior to Dec. 2, 2013, the Company's name was
Graymark Healthcare, Inc.

Foundation Healthcare reported a net loss attributable to the
Company common stock of $2.09 million on $101.9 million of
revenues for the year ended Dec. 31, 2014, compared to a net loss
attributable to the Company common stock of $20.4 million on $87.2
million of revenues in 2013.

Hein & Associates LLP, in Denver, Colorado, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company had insufficient working capital as of Dec. 31, 2014, to
fund anticipated working capital needs over the next twelve
months.


FRAC SPECIALISTS: Taps CBRE Inc. to Appraise 3 Parcels of Property
------------------------------------------------------------------
Frac Specialists, LLC, et al., ask the U.S. Bankruptcy Court for
the Northern District of Texas for permission to employ CBRE, Inc.,
as real estate appraiser as of Oct. 13, 2015.

CBRE will appraise three parcels of real property, namely:

   (i) 2066 S. Hwy. 084 BUS, Scurry Co., Snyder, Texas (22 acres);

  (ii) 3711 N. County Rd., 1150, Midland, Texas (28 acres; and

(iii) 4004 N. County Rd. 1150, Midland, Texas (11.59 acres).

In a declaration in support of the application, Kyle Redfearn said
that CBRE will receive a flat fee of $15,000.  Moreover, if CBRE is
subpoenaed or required to give testimony, produce documents or
information, or otherwise required or requested to participate in
meetings, conferences, litigation or legal proceedings in
connection with the engagement, CBRE will charge the Debtors an
hourly fee based on its prevailing rates:

         Manager/Vice President                    $450
         Senior Appraiser                          $325
         Appraiser/Associate                       $200

Mr. Redfearn also related that CBRE has received a retainer equal
to 1/2 of the total fee ($7,500).

Mr. Redfearn assures the Court that CBRE is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

                       About Frac Specialists

Frac Specialists, LLC, Cement Specialists, LLC, and Acid
Specialists, LLC, are oilfield service providers serving the
exploration and production industry within the Permian Basin.
Noble Natural Resources, LLC, Javier Urias and Alex Hinojos
collectively own 100% of the membership interests in the
Companies.

The Companies sought Chapter 11 bankruptcy protection (Bankr. N.D.
Tex. Lead Case No. 15-41974), on May 17, 2015.  Larry P. Noble
signed the petitions as manager.  

On May 27, 2015, the Court directed the joint administration of
the cases.  The Debtors disclosed $61,675,313 in assets and
$57,982,488 in liabilities.

Judge Michael Lynn presides over the cases.  The Debtors tapped
Lynda L. Lankford, Esq., and Jeff P. Prostok, Esq., at Forshey &
Prostok, LLP, as their counsel.

The U.S. Trustee appointed five creditors to serve on an
official committee of unsecured creditors.  The Committee is
represented by Mark E. Andrews, Esq., and Aaron M. Kaufman, Esq.,
at Dykema Cox Smith.


FRAC SPECIALISTS: Taps GB-A to Appraise Machinery and Equipment
---------------------------------------------------------------
Frac Specialist LLC, et al., ask the U.S. Bankruptcy Court for the
Northern District of Texas for permission to employ Gordon Brothers
Asset Advisors, LLC, doing business as Gordon Brothers-AccuVal
(GB-A) as appraiser for the Debtors as of Oct. 13, 2015.

GB-A will appraise the Debtor's machinery and equipment in
preparation for plan negotiations and other valuation matters in
the case.

Edward P. Zimmer, a member of the Legal Department of Gordon
Brothers Group, LLC, the parent entity of GB-A which maintains a
business address at 5850 Town and Country Blvd., Suite 901, Frisco,
Texas, stated, in a declaration, that GB-A will receive a flat
appraisal fee of $17,500.  GB-A will also charge the Debtors for
its reasonable and necessary expenses incurred in the scope of its
engagement.  GB-A has received a retainer equal to 1/2 of the total
fee.

To the best of the debtors' knowledge, GB-A is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

                       About Frac Specialists

Frac Specialists, LLC, Cement Specialists, LLC, and Acid
Specialists, LLC, are oilfield service providers serving the
exploration and production industry within the Permian Basin.
Noble Natural Resources, LLC, Javier Urias and Alex Hinojos
collectively own 100% of the membership interests in the
Companies.

The Companies sought Chapter 11 bankruptcy protection (Bankr. N.D.
Tex. Lead Case No. 15-41974), on May 17, 2015.  Larry P. Noble
signed the petitions as manager.  

On May 27, 2015, the Court directed the joint administration of
the cases.  The Debtors disclosed $61,675,313 in assets and
$57,982,488 in liabilities.

Judge Michael Lynn presides over the cases.  The Debtors tapped
Lynda L. Lankford, Esq., and Jeff P. Prostok, Esq., at Forshey &
Prostok, LLP, as their counsel.

The U.S. Trustee appointed five creditors to serve on an
official committee of unsecured creditors.  The Committee is
represented by Mark E. Andrews, Esq., and Aaron M. Kaufman, Esq.,
at Dykema Cox Smith.


FTE NETWORKS: Tender Offer Expires Dec. 4
-----------------------------------------
As previously disclosed in a current report on Form 8-K filed by
FTE Networks, Inc. with the Securities and Exchange Commission on
Nov. 3, 2015, the Company entered into a credit agreement, dated
Oct. 28, 2015, with Jus-Com, Inc., an Indiana corporation and
subsidiary of the Company as the borrower, certain Credit Parties
thereto, Lateral Juscom Feeder LLC, as Administrative Agent for the
several lenders party to the Agreement, and such Lenders.

In connection with the Agreement, the Company undertook to commence
a redemption from noteholders of certain senior secured notes of
the Company issued in 2011.  The company commenced such redemption
pursuant to a tender offer, the commencement of which was
previously disclosed in the Current Report on Form 8-K filed by the
Company with the SEC on Nov. 4, 2015.  Under the terms of the
Offer, the Company offered to purchase for cash, upon the terms and
subject to the conditions set forth in the offer to purchase and
the related letter of transmittal, up to an aggregate of
$3,514,511.88 principal amount, but not less than an aggregate of
$2,811,609.51 principal amount, of the Company's Senior Secured
Promissory Notes.  These amounts represented approximately 100% and
80%, respectively, of the aggregate principal amount of the Notes
outstanding immediately preceding commencement of the Offer.

The Company announced an initial settlement date of Nov. 12, 2015,
for the Offer and accepted for purchase an aggregate of $3,420,022
principal amount of the Notes, or approximately 97% of the Notes
outstanding immediately preceding commencement of the Offer.
Holders whose Notes were accepted for purchase on the Initial
Settlement Date received the tender offer consideration of $400 per
$1,000 principal amount of the Notes, as well as the premium
consideration of $100 per $1,000 principal amount of the Notes on
the Initial Settlement Date.  The Offer will expire at 11:59 p.m.,
New York City time, on Dec. 4, 2015, unless extended or earlier
terminated.  A final settlement date will occur promptly following
expiration of the Offer and is expected to be the next business day
following such expiration, or Dec. 7, 2015.

                    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.

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 its quarterly report for
the period ended June 30, 2015.


FUEL PERFORMANCE: Reports $407K Net Loss for Third Quarter
----------------------------------------------------------
Fuel Performance Solutions, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $407,000 on $122,000 of net revenues for the three
months ended Sept. 30, 2015, compared to net income of $26,400 on
$677,000 of net revenues for the same period during the prior
year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $1.38 million on $348,000 of net revenues compared to a
net loss of $628,000 on $1.50 million of net revenues for the same
period a year ago.

As of Sept. 30, 2015, the Company had $2.59 million in total
assets, $3.76 million in total liabilities and a total
stockholders' deficit of $1.16 million.

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

                       http://is.gd/DfwF0f

                      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: Needs More Time to File Form 10-Q
------------------------------------------------------
FullCircle Registry, Inc., said it was unable to file its quarterly
report on Form 10-Q for the period ended Sept. 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.  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 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.

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 $46.6K Net Income for Third Quarter
--------------------------------------------------------------
FullCircle Registry, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $46,600 on $288,000 of revenues for the three months ended Sept.
30, 2015, compared to a net loss of $165,000 on $401,000 of
revenues for the same period during the prior year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $353,000 on $918,000 of revenues compared to a net loss
of $425,800 on $1.16 million of revenues for the same period last
year.

As of Sept. 30, 2015, the Company had $5.50 million in total
assets, $6.25 million in total liabilities and a total
stockholders' deficit of $747,000.

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

                      http://is.gd/stAYYP

                   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.



GENERAL MOTORS: Punitive Damage Ruling Mix Up Ignition Bellwether
-----------------------------------------------------------------
Pete Brush at Bankruptcy Law360 reported that the Manhattan federal
judge preparing for a test-drive trial that will seek to assess
liability for General Motors ignition switch defects said on Nov.
20, 2015, that a bankruptcy court ruling allowing consumers to seek
punitive damages has left him with tough calls to make on how
evidence of alleged gross negligence will be handled.

U.S. District Judge Jesse M. Furman made the comments on Nov. 20,
with the scheduled first bellwether, Robert S. Scheuer v. General
Motors LLC, less than two months away.

                About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, serves as the
Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP is
providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured Creditors
Holding Asbestos-Related Claims.  Lawyers at Kramer Levin Naftalis
& Frankel LLP served as bankruptcy counsel to the Creditors
Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On
the
Dissolution Date, pursuant to the Plan and the Motors Liquidation
Company GUC Trust Agreement, dated March 30, 2011, between the
parties thereto, the trust administrator and trustee -- GUC Trust
Administrator -- of the Motors Liquidation Company GUC Trust,
assumed responsibility for the affairs of and certain claims
against MLC and its debtor subsidiaries that were not concluded
prior to the Dissolution Date.

As of March 31, 2015, Motors Liquidation had $1.01 billion in
total
assets, $69.2 million in total liabilities and $945 million in net
assets in liquidation.


GENIUS BRANDS: Files Third Quarter Form 10-Q With SEC
-----------------------------------------------------
Genius Brands International, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $798,000 on $281,000 of total revenue for the there
months ended Sept. 30, 2015, compared to a net loss of $849,000 on
$319,000 of total revenues for the same period during the prior
year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $2.42 million on $711,000 of total revenues compared to
a net loss of $2.84 million on $712,000 of total revenues for the
same period a year ago.

As of Sept. 30, 2015, the Company had $16.0 million in total
assets, $4.67 million in total liabilities, and $11.3 million in
total liabilities.

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

                      http://is.gd/oG5a08

                       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.


GENIUS BRANDS: Issues Letter to Shareholders
--------------------------------------------
Genius Brands International, Inc., distributed a letter to its
shareholders from Andy Heyward chairman & CEO discussing its
results for the third quarter of 2015.  A copy of the letter is
available at http://is.gd/AxDTcq

                       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.

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.


GENIUS BRANDS: Reports Third Quarter 2015 Financial Results
-----------------------------------------------------------
Genius Brands International, Inc., reported a net loss of $798,000
on $281,000 of total revenues for the three months ended Sept. 30,
2015, compared to a net loss of $849,000 on $319,000 of total
revenues for the same period during the prior year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $2.42 million on $711,000 of total revenues compared to
a net loss of $2.84 million on $712,279 of total revenues for the
same period last year.

As of Sept. 30, 2015, the Company had $16.0 million in total
assets, $4.67 million in total liabilities and $11.3 million in
total equity.

Management Commentary

"The leverage in our new licensing model was demonstrated in the
third quarter with record gross profit as our core business
segments continued to strengthen," said GBI chairman and CEO, Andy
Heyward.  "Several milestones including new licensing partners and
agreements as well as significant traction with our television and
home entertainment segment were all notable achievements made
during the quarter.  In September, we launched our Kid Genius
Channel on Comcast's XFinity on Demand and rolled out over 1,000
product SKUs of all new Baby Genius 'Learn and Grow' products on
Amazon.  We are already starting to see significant traction with
our channel in terms of both ratings growth and interest from
advertisers, and we expect to announce material new partnerships in
the coming weeks based on our conversations.

"In collaboration with Stanford University's Don Roberts, we
launched our comprehensive line of Baby Genius consumer products
this fall at Amazon.com.  The launch included over 48 items and
covered numerous key categories from DVDs, Early Learning Activity
Toys, Musical Instruments, Plush Toys, Wood Board Puzzles, Soft
Books, and Feeding Sets.  I am happy to report that in the month of
October the Amazon rollout exceeded our internal forecasts and we
are experiencing the same metrics in the month of November.

"Based on the recent data from Amazon and Comcast, we are confident
material revenues will be achieved in the fourth quarter of 2015.
It is clearly evident, we have now moved from being a 'story stock'
to a company with its products now being manufactured, selling into
the marketplace and generating royalty income.  Though we currently
have a total of approximately 75 products SKUs of Genius Brands'
brands in the market, we have over 1,000 product SKUs contracted
for and coming to the marketplace in the next two quarters.  We
expect 2016 to be a transformative year on both an operational and
financial level as new products and content will be coming to
market and a significant ramp in revenues will drive profitability
on a GAAP basis.  Our current forecasts show Genius Brands reaching
profitability between 2nd and 3rd quarter of 2016, as more film
assets are delivered and revenue recognized, and consumer products
come in to the marketplace."

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

                         http://is.gd/USqICH

                         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.


GLYECO INC: Amends Form S-1 Prospectus with SEC
-----------------------------------------------
Glyeco, Inc., filed an amendment no.1 to its Form S-1 registration
statement relating to the distribution, at no charge, to holders of
the Company's common stock non-transferable subscription rights to
purchase up to 50,200,947 shares of its common stock, par value
$0.0001 per share.

In this rights offering, stockholders will receive one subscription
right for every one share of common stock owned at 5:00 p.m., New
York time, as of Oct. 30, 2015, the record date.  The Company is
offering a total of 71,715,638 subscription rights in the
offering.

The subscription rights will expire void and worthless if they are
not exercised by 5:00 p.m., New York time, on Jan. 22, 2016, unless
the Company extends the rights offering period.  However, the
Company's board of directors reserves the right to cancel the
rights offering at any time, for any reason.  If the rights
offering is cancelled, all subscription payments received by the
subscription agent will be returned promptly without interest.

Shares of the Company's common stock are, and the Company expects
that the shares of common stock to be issued in the rights offering
will be, quoted on the OTC Pink Sheets under the symbol "GLYE".  On
Oct. 30, 2015, the price of the Company's Common Stock was $0.10
per share, as reported by the OTC Pink Sheets.

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

                          http://is.gd/xnhWat

                           About GlyEco, Inc.

Phoenix, Ariz.-based GlyEco, Inc., is a green chemistry company
formed to roll-out its proprietary and patent pending glycol
recycling technology that transforms waste glycols, a hazardous
material, into profitable green products.

Glyeco reported a net loss attributable to common shareholders of
$8.73 million on $5.89 million of net sales for the year ended Dec.
31, 2014, compared with a net loss of $4 million on $5.53 million
of net sales for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $15.1 million in total
assets, $2.37 million in total liabilities and $12.8 million in
total stockholders' equity.

Semple, Marchal & Cooper, LLP, in Phoenix, Arizona, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has yet to
achieve profitable operations and is dependent on its ability to
raise capital from stockholders or other sources to sustain
operations and to ultimately achieve viable operations. These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


GLYECO INC: Reports Fiscal Third Quarter Financial Results
----------------------------------------------------------
GlyEco, Inc., disclosed the following financial results for its
fiscal quarter ended Sept. 30, 2015, as reported through the filing
of its Quarterly Report on Form 10-Q on Nov. 16, 2015, with the
Securities and Exchange Commission.

Third Quarter Financial Review

The Company's net sales was $2.14 million for the quarter ended
Sept. 30, 2015, compared to $1.28 million for the quarter ended
Sept. 30, 2014, an increase of $0.86 million or 67.1%. Operating
loss for the quarter improved by $1.05 million to negative $0.69
million, an improvement of 60.1% when compared to the negative
$1.74 million of operating loss for the quarter ended Sept. 30,
2014.  Net loss available to common shareholders for the quarter
ended Sept. 30, 2015, improved by $1.06 million to negative $0.74
million, an improvement of 59.1% when compared to the negative
$1.80 million for the quarter end Sept. 30, 2014.  Basic and
diluted loss per share for the quarter ended Sept. 30, 2015, was
$(0.01) compared to basic and diluted loss per share of $(0.03) for
the same period ended Sept. 30, 2014.

The increase in total corporate net sales is due to increased sales
at both the Company's New Jersey and other manufacturing and
distribution facilities.  The Company's New Jersey net revenue
increase was triggered by adding streams of feedstock from both
automotive and industrial sources.  However, the Company's New
Jersey facility's gross margin decreased due to downward pricing
pressure on commodity monoethylene glycol prices.  The Company's
other six facilities increased net revenues due to increased
volumes and gross margins gained through the acquisition of new
retail customers.

Year-to-Date Highlights

  * Total Net Sales of $5,526,276, an increase of $984,454 or
    21.7% over the same period ended Sept. 30, 2014.

  * Operating Expenses reduced to $2,219,699, a decrease of
    $1,512,034 or 40.5% over the same period ended Sept. 30,
    2014.

  * Net Loss reduced to $2,790,246, a decrease of $1,310,822, or
    32.0% over the same period ended Sept. 30, 2014.

  * Addition of 950 national retail automotive and facility
    management customer locations and two new distributors.

  * Adjusted EBITDA loss of ($1,259,131), an improvement of 36.0%
    over the same period ended Sept. 30, 2014.

Year-to-Date Financial Review

The Company's net sales was $5.53 million for the nine months ended
Sept. 30, 2015, compared to $4.54 million for the same period ended
Sept. 30, 2014, an increase of $0.98 million or 21.7%. Operating
loss for the nine months ended September 30, 2015 improved by $1.29
million to negative $2.66 million, an improvement of 32.5% when
compared to the negative $3.95 million of operating loss for the
same period ended Sept. 30, 2014.  Net loss available to common
shareholders for the nine months ended Sept. 30, 2015, improved by
$3.55 million to negative $2.79 million, an improvement of 56.0%
when compared to the negative $6.34 million of net loss available
to common shareholders for the same period ended Sept. 30, 2014.
Basic and diluted loss per share for the nine months ended Sept.
30, 2015 was $(0.04) compared to basic and diluted loss per share
of $(0.12) for the same period ended Sept. 30, 2014.

Third Quarter and Year-to-Date Business Update

"We expect that the current low commodity pricing of monoethylene
glycol will affect our gross and net profits in the short term,"
said David Ide, GlyEco's Interim Chief Executive Officer and
President.  "However, our efforts to strengthen our vertical
integration model through increasing downstream demand at the
retail level, building out our distribution infrastructure, and
controlling customer access should help diminish the commodity
effect on our finished product pricing -- which should have an
upward effect on sales price, gross profits, and net profits," Ide
added.

Mr. Ide continued, "Over the next year, our Company expects to
continue the increase in production, and consequently revenues,
while leveraging our emerging lower cost waste streams, delivering
finished non-concentrated and specialty products, and continuing to
improve the quality of our products and services."

"Our Company is making progress and this is not a short journey for
the members of our organization or our shareholders," continued Mr.
Ide.  "We are laying a foundation which we believe will have its
success through modest and planned growth, technology to create
efficiencies, quality of product and people, and wins through
longer term focus." Mr. Ide added.  "Our third quarter, as with our
second quarter, achieved a number of wins with our revenues
increasing, our operating expenses and cost to operate our
facilities reduced, and advancing big ideas within a fragmented
industry.  We believe the past two quarters are not related to
chance but to determination and testing of our operating team, less
corporate changes, with the pressure of adding approximately 950
direct deliver customers and creating efficiencies in our seven
processing facilities.  Over the recent six-month period ended
September 30, 2015, our Company also expanded its services into
North Carolina and Georgia, and through a partnership into Vermont,
Rhode Island and Massachusetts.  During the second quarter ended
June 30, 2015, two of our facilities generated greater than 20%
EBITDA margins and as the third quarter ended September 30, 2015,
five of our seven locations generated positive free cash flows to
the Company."

                        About GlyEco, Inc.

Phoenix, Ariz.-based GlyEco, Inc., is a green chemistry company
formed to roll-out its proprietary and patent pending glycol
recycling technology that transforms waste glycols, a hazardous
material, into profitable green products.

Glyeco reported a net loss attributable to common shareholders of
$8.73 million on $5.89 million of net sales for the year ended Dec.
31, 2014, compared with a net loss of $4 million on $5.53 million
of net sales for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $15.1 million in total
assets, $2.37 million in total liabilities and $12.8 million in
total stockholders' equity.

Semple, Marchal & Cooper, LLP, in Phoenix, Arizona, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has yet to
achieve profitable operations and is dependent on its ability to
raise capital from stockholders or other sources to sustain
operations and to ultimately achieve viable operations. These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


GREENSHIFT CORP: Incurs $1.39 Million Net Loss in Third Quarter
---------------------------------------------------------------
Greenshift Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.39 million on $1.13 million of total revenue for the three
months ended Sept. 30, 2015, compared to net income of $319,000 on
$3.03 million of total revenue for the same period during the prior
year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $4.74 million on $3.19 million of total revenue
compared to net income of $3.22 million on $10.9 million of total
revenue for the same period a year ago.

As of Sept. 30, 2015, the Company had $5.11 million in total
assets, $44.9 million in total liabilities, and a total
stockholders' deficit of $39.7 million.

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

                       http://is.gd/iQpczP

                       Amends Q2 Form 10-Q

The Company filed an amendment to its quarterly report for the
period ended June 30, 2015, in order to include restated
Consolidated Financial Statements and to include the following
modifications to the Notes to Consolidated Financial Statements:

Note 5, "Fair Value Instruments" was updated to restate the
schedule of conversion liabilities;

Note 9, "Stockholders' Equity" was updated to restate the estimated
settlement value of conversion liabilities at June 30, 2015;

Note 12 "Investment in Joint Venture under the Equity Method" was
updated to reflect the reduction in GSCT's portion of investee
loss;

Note 13 ""Supplemental Disclosure of Cash Flow Information" was
updated to reflect a non-cash financing item; and,

Note 14 "Restatement" was added to outline the corrections that
were made to the financial statements.

For the three months ended June 30, 2015, the Company reported a
restated net loss of $2.22 million on $1.15 million of revenue
compared to a net loss of $2.00 million on $1.15 million of revenue
as reported.

The Company's restated balance sheet at June 30, 2015, showed $5.40
million in total assets, $43.78 million in total liabilities and a
total stockholders' deficit of $38.38 million.

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

                        http://is.gd/F5MQMA

                   About Greenshift Corporation

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

Greenshift reported net income of $1.97 million on $12.8 million of
total revenue for the year ended Dec. 31, 2014, compared with a net
loss of $4.43 million on $15.5 million of total revenue for the
year ended Dec. 31, 2013.


GREENSHIFT CORP: Scott Kreisler Holds 9.9% Stake as of Nov. 13
--------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Scott Kreisler disclosed that as of Nov. 13, 2015, he
beneficially owns 3,006,684 shares of common stock of Greenshift
Corporation representing 9.9 percent of the shares outstanding.  A
copy of the regulatory filing is available at http://is.gd/BXRj5u

                   About Greenshift Corporation

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

Greenshift reported net income of $1.97 million on $12.8 million of
total revenue for the year ended Dec. 31, 2014, compared with a net
loss of $4.43 million on $15.5 million of total revenue for the
year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $5.37 million in total assets,
$43.8 million in total liabilities and a total stockholders'
deficit of $38.4 million.


GT ADVANCED: Gets Court Approval for Sapphire Furnace Auction
-------------------------------------------------------------
Carmen Germaine at Bankruptcy Law360 reported that a New Hampshire
bankruptcy judge on Nov. 20, 2015, approved GT Advanced
Technologies Inc.'s plans to auction off sapphire furnaces in its
Mesa, Arizona, facility, a key part of a proposed settlement that
would extinguish Apple Inc.’s $439 million secured claim against
the bankrupt manufacturer.

U.S. Bankruptcy Judge Henry J. Boroff signed off on plans to sell
more than 2,100 new and used sapphire furnaces in GTAT's facilities
in Arizona and Hong Kong, the first step in a plan that GTAT
submitted earlier this month.

                  About GT Advanced Technologies

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

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

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

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

On Oct. 6, 2014, GT Advanced Technologies and eight affiliates
filed voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. D.N.H. Lead Case No. 4-11916).  GT
says that it has sought bankruptcy protection due to a severe
liquidity crisis brought about by its issues with Apple.

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

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

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

The bankruptcy case is assigned to Judge Henry J. Boroff.


HALCON RESOURCES: Offers to Exchange Outstanding Unsecured Debt
---------------------------------------------------------------
Halcon Resources Corporation announced the commencement of an
exchange offer to certain eligible holders of its outstanding
unsecured debt securities for up to $150 million of a new issue of
12.0% Second Lien Senior Secured Notes due 2022.

The following table sets forth information regarding the Existing
Notes for which New Notes are being offered and the principal
amount of New Notes to be issued for each $1,000 principal amount
of tendered Existing Notes, subject to the proration mechanics
described in the offering memorandum and the letter of
transmittal:

                  CUSIP: 40537QAB6

                 Series: 9.75% Senior Notes due 2020

              Aggregate  $462,214,000
         Principal
                 Amount
            Outstanding:

           Early Tender  
                Premium: $20

Exchange Consideration  
      if Tendered Prior
         to or on Early
      Tender Offer Date: $390

Exchange Consideration
      if Tendered After
      Early Tender Date: $370


                  CUSIP: 40537QAD2

                 Series: 8.875% Senior Notes due 2021

              Aggregate
              Principal
                 Amount
            Outstanding: $493,671,000

           Early Tender
                Premium: $20

Exchange Consideration
      if Tendered Prior
         to or on Early
      Tender Offer Date: $390

Exchange Consideration
      if Tendered After
      Early Tender Date: $370


                  CUSIP: 40537QAF7

                 Series: 9.25% Senior Notes due 2022

              Aggregate
              Principal
                 Amount
            Outstanding: $93,995,000

           Early Tender
                Premium: $20

Exchange Consideration
      if Tendered Prior
         to or on Early
      Tender Offer Date: $390

Exchange Consideration
      if Tendered After
      Early Tender Date: $370
  
The aggregate principal amount of New Notes to be issued in the
exchange offer is limited to a maximum of $150 million.

The total consideration to be received by eligible holders of
Existing Notes who validly tender and do not validly withdraw their
Existing Notes prior to 11:59 p.m., New York City time, on Dec. 3,
2015, will include an early tender premium equal to $20 principal
amount of New Notes per $1,000 principal amount of Existing Notes
accepted for exchange.

For Existing Notes validly tendered after the Early Tender Date and
on or before the Expiration Date, the eligible holders of Existing
Notes accepted for exchange will be eligible to receive the
exchange consideration set forth above, which does not include the
early tender premium.  Eligible holders of Existing Notes accepted
for exchange will also receive a cash payment equal to the accrued
and unpaid interest in respect of such Existing Notes from the
applicable most recent interest payment date to, but not including,
the date the exchanges are settled.  Interest on the New Notes will
accrue from the Settlement Date.

The exchange offer will expire at 11:59 p.m., New York City time,
on Dec. 17, 2015, unless extended or earlier terminated by Halcon.
Tenders of Existing Notes in the exchange offer may be validly
withdrawn at any time prior to the Early Tender Date of the
exchange offer.  However, tenders submitted in the exchange offers
after the Early Tender Date of the exchange offer will be
irrevocable except where additional withdrawal rights are required
by law (as determined by the Company).

The exchange offer is conditioned on the satisfaction or waiver of
certain customary additional conditions, as described in the
Offering Documents.  The exchange offer is conditioned upon a
minimum of $270.3 million of Existing Notes being tendered as of
the Expiration Date.  The exchange offer for the Existing Notes may
be amended, extended or terminated, in each case either as a whole,
or independently with respect to any one or more particular series
of Existing Notes.

                       About Halcon Resources

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

As of Sept. 30, 2015, the Company had $4.25 billion in total
assets, $3.62 billion in total liabilities, $156 million in
redeemable noncontrolling interest and $473 million in total
stockholders' equity.

                           *     *      *

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

In September 2015, Standard & Poor's Ratings Services lowered its
corporate credit rating on Oklahoma City-based Halcon Resource
Corp. to 'SD' (selective default) from 'B-'.  "The downgrade
follows Halcon's announcement that it reached an agreement with
holders of portions of its senior unsecured notes to exchange the
notes for new senior secured third-lien notes," said Standard &
Poor's credit analyst Ben Tsocanos.


HCSB FINANCIAL: Cancels Hearing on Class Action Suit Settlement
---------------------------------------------------------------
The final hearing scheduled for Nov. 23, 2015, to approve a
proposed settlement of a putative class action lawsuit between
HCSB Financial Corporation, Horry County State Bank, James R.
Clarkson, Glenn Raymond Bullard, Ron Lee Paige, Sr., and Edward
Lewis Loehr, Jr., the president and chief executive officer, senior
executive vice president, executive vice president, and chief
financial officer of the Company and the Bank, respectively, and
Jan W. Snyder, Acey H. Livingston, and Mark Josephs, on behalf of
themselves and as representatives of a class of similarly situated
purchasers of the Company's subordinated debt notes, had been
cancelled.

The proposed settlement is subject to several conditions which have
not yet been met.  Parties will be advised when, and if, the final
hearing is rescheduled by the court, according to a Form 8-K filed
with the Securities and Exchange Commission.
   
                       About HCSB Financial

Loris, South Carolina-based HCSB Financial Corporation was
incorporated on June 10, 1999, to become a holding company for
Horry County State Bank.  The Bank is a state chartered bank which
commenced operations on Jan. 4, 1988.  From its 13 branch
locations, the Bank offers a full range of deposit services,
including checking accounts, savings accounts, certificates of
deposit, money market accounts, and IRAs, as well as a broad range
of non-deposit investment services.  During the third quarter of
2011, the Bank closed its Covenant Towers branch located at Myrtle
Beach.  All deposits were transferred to the Bank's Myrtle Beach
branch and the Bank does not expect any disruption of service in
that market for its customers.

HCSB Financial reported a net loss available to common shareholders
of $1.4 million on $16.09 million of total interest income for the
year ended Dec. 31, 2014, compared to net income available to
common shareholders of $911,000 on $17.07 million of total interest
income for the year ended Dec. 31, 2013.

Elliott Davis Decosimo, LLC, in Columbia, South Carolina, 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 that have eroded regulatory
capital ratios and the Company's wholly owned subsidiary, Horry
County State Bank, is under a regulatory Consent Order with the
Federal Deposit Insurance Corporation that requires, among other
provisions, capital ratios to be maintained at certain levels.  As
of Dec. 31, 2014, the Company's subsidiary is considered
significantly undercapitalized based on its regulatory capital
levels.  These considerations raise substantial doubt about the
Company's ability to continue as a going concern.  The Company also
has deferred interest payments on its junior subordinated
debentures for 16 consecutive quarters as of Dec. 31, 2014.  Under
the terms of the debentures, the Company may defer payments for up
to 20 consecutive quarters without creating a default.  Payment for
the 20th quarter interest deferral period will be due in March
2016.  If the Company fails to pay the deferred and compounded
interest at the end of the deferral period, the trustees of the
corresponding trusts, would have the right, after any applicable
grace period, to exercise various remedies, including demanding
immediate payment in full of the entire outstanding principal
amount of the debentures.  The balance of the debentures and
accrued interest as of December 31, 2014 were $6.19 million and
$714,000, respectively.  These events also raise substantial doubt
about the Company's ability to continue as a going concern as of
Dec. 31, 2014.

As of Sept. 30, 2015, the Company had $378.54 million in total
assets, $389.72 million in total liabilities and a shareholders'
deficit of $11.17 million.

                          Bankruptcy Warning

The Company has been deferring interest payments on its trust
preferred securities since March 2011 and has deferred interest
payments for 19 consecutive quarters.  The Company is allowed to
defer payments for up to 20 consecutive quarterly periods, although
interest will also accrue and compound quarterly from the date such
deferred interest would have been payable were it not for the
extension period.  All of the deferred interest, including interest
accrued on such deferred interest, is due and payable at the end of
the applicable deferral period, which is in March 2016. At Sept.
30, 2015, total accrued interest equaled $852 thousand.

"If we are not able to raise a sufficient amount of additional
capital, the Company will not be able to pay this interest when it
becomes due and the Bank may be unable to remain in compliance with
the Consent Order.  In addition, the Company must first make
interest payments under the subordinated notes, which are senior to
the trust preferred securities.  Even if the Company succeeds in
raising capital, it will have to be released from the Written
Agreement or obtain approval from the Federal Reserve Bank of
Richmond to pay interest on the trust preferred securities.  If
this interest is not paid by March 2016, the Company will be in
default under the terms of the indenture related to the trust
preferred securities.  If the Company fails to pay the deferred and
compounded interest at the end of the deferral period the trustee
or the holders of 25% of the aggregate trust preferred securities
outstanding, by providing written notice to the Company, may
declare the entire principal and unpaid interest amounts of the
trust preferred securities immediately due and payable.  The
aggregate principal amount of these trust preferred securities is
$6.0 million.  The trust preferred securities are junior to the
subordinated notes, so even if a default is declared the trust
preferred securities cannot be repaid prior to repayment of the
subordinated notes.  However, if the trustee or the holders of the
trust preferred securities declares a default under the trust
preferred securities, the Company could be forced into involuntary
bankruptcy," the Company states in the Form 10-Q for the period
ended Sept. 30, 2015.


HD SUPPLY: Adopts Majority Voting Policy for Directors
------------------------------------------------------
HD Supply Holdings, Inc.'s Board, upon the recommendation of the
Nominating and Corporate Governance Committee, amended Holdings'
Corporate Governance Guidelines to adopt a policy to provide for
majority voting in uncontested elections of directors, which is
effective immediately.  Pursuant to the policy, any director
nominee in an uncontested election who receives a greater number of
votes "withheld" from his or her election than votes "for" his or
her election is expected to tender his or her resignation to the
Board promptly following the certification of election results.
The Board will decide, through a process managed by the Nominating
and Corporate Governance Committee, and excluding the nominee in
question, whether to accept the resignation at its next regularly
scheduled Board meeting.  The Board's decision will be promptly
disclosed to the public, including the reasons for any rejection of
a tendered resignation.  An election is considered contested if
there are more nominees for election than positions on the Board to
be filled by election at the meeting.

If a director's tendered resignation is accepted, in accordance
with Holdings' By-Laws, the Board may fill any resulting vacancy or
may decrease the number of directors comprising the Board.  If a
director's tendered resignation is declined, the director will
continue to serve for the remainder of his or her term and until
his or her successor is duly elected, or his or her earlier death,
resignation or removal.  The Board will consider as candidates for
nomination for election or re-election to the Board, or to fill
vacancies and new directorships on the Board, only those
individuals who agree to tender, promptly following their election,
re-election or appointment, an irrevocable resignation that will be
effective upon a majority withheld vote for that director and the
Board's acceptance of the tendered resignation.

                      About HD Supply

HD Supply, Inc., headquartered in Atlanta, Georgia, is one of the
largest North American wholesale distributors supporting
residential and non-residential construction and to a lesser
extent electrical consumption and repair and remodeling.  HDS also
provides maintenance, repair and operations services.  Its
businesses are organized around three segments: Infrastructure and
Energy; Maintenance, Repair & Improvement; and, Specialty
Construction.  HDS operates through approximately 800 locations
throughout the U.S. and Canada serving contractors, government
entities, maintenance professionals, home builders and
professional businesses.

As of May 3, 2015, HD Supply had $6.3 billion in total assets, $6.8
billion in total liabilities and a $498 million total stockholders'
deficit.

                           *     *     *

As reported by the TCR on Aug. 5, 2015, Moody's Investors Service
upgraded HD Supply, Inc.'s Corporate Family Rating to B2 from B3
and revised its rating outlook to positive from stable, since key
debt credit metrics are becoming more supportive of higher ratings.
The upgrade of HDS's Corporate Family Rating to B2 from B3 and the
change in rating outlook to positive from stable results from
Moody's expectations for key debt credit metrics becoming more
supportive of higher ratings, due to solid operating performance
and lower levels of balance sheet debt.

The TCR reported in August 2015 that Standard & Poor's Ratings
Services said that it has raised its corporate credit rating on
Atlanta-based industrial distributor HD Supply Inc. to 'B+' from
'B'.  "The upgrade reflects the company's consistently good
operating performance over the past 12 months, which has caused its
leverage to fall below 6x as of May 3, 2015," said Standard &
Poor's credit analyst Svetlana Olsha.


HD SUPPLY: James G. Berges Resigns as Directors
-----------------------------------------------
The Board of Directors of HD Supply Holdings, Inc., and HD Supply,
Inc., accepted the offer of resignation of James G. Berges from the
Board, and his related responsibilities as lead director and as a
member of the Nominating and Corporate Governance and Corporate
Development and Finance Committees of Holdings.  

Effective with the acceptance of Mr. Berges' offer of resignation,
the Board appointed Peter A. Leav as a member of Holdings'
Nominating and Corporate Governance Committee and reduced the size
of the Board from nine to eight members.  

The independent members of the Board appointed James A. Rubright as
the independent Lead Director of the board of directors of
Holdings.

                          About HD Supply

HD Supply, Inc., headquartered in Atlanta, Georgia, is one of the
largest North American wholesale distributors supporting
residential and non-residential construction and to a lesser
extent electrical consumption and repair and remodeling.  HDS also
provides maintenance, repair and operations services.  Its
businesses are organized around three segments: Infrastructure and
Energy; Maintenance, Repair & Improvement; and, Specialty
Construction.  HDS operates through approximately 800 locations
throughout the U.S. and Canada serving contractors, government
entities, maintenance professionals, home builders and
professional businesses.

As of May 3, 2015, HD Supply had $6.3 billion in total assets, $6.8
billion in total liabilities and a $498 million total stockholders'
deficit.

                           *     *     *

As reported by the TCR on Aug. 5, 2015, Moody's Investors Service
upgraded HD Supply, Inc.'s Corporate Family Rating to B2 from B3
and revised its rating outlook to positive from stable, since key
debt credit metrics are becoming more supportive of higher ratings.
The upgrade of HDS's Corporate Family Rating to B2 from B3 and the
change in rating outlook to positive from stable results from
Moody's expectations for key debt credit metrics becoming more
supportive of higher ratings, due to solid operating performance
and lower levels of balance sheet debt.

The TCR reported in August 2015 that Standard & Poor's Ratings
Services said that it has raised its corporate credit rating on
Atlanta-based industrial distributor HD Supply Inc. to 'B+' from
'B'.  "The upgrade reflects the company's consistently good
operating performance over the past 12 months, which has caused its
leverage to fall below 6x as of May 3, 2015," said Standard &
Poor's credit analyst Svetlana Olsha.


HEALTHWAREHOUSE.COM: Reports 14.5% Quarterly Sales Growth
---------------------------------------------------------
HealthWarehouse.com, Inc., announced financial results for the
quarter ended Sept. 30, 2015.

Net sales for the three months ended Sept. 30, 2015, increased to
$1,689,457 from $1,474,986, an increase of $214,471, or 14.5%,
resulting from growth in core prescription and over-the-counter
sales offset by a reduction in business-to-business sales.  Core
over-the-counter revenue grew 40.3% and orders grew by 44.3% due to
advertising efforts and improved order fulfillment rates and
customer satisfaction.  Core prescription orders grew 17.3% as new
customers grew 70.3% and repeat customers grew 22.1%, continuing
the reversal of the downward trend experienced during 2014 due to
lack of advertising efforts in the first three quarters of 2014.

Net sales for the nine months ended Sept. 30, 2015, increased to
$5,172,974 from $4,654,404, an increase of $518,570, or 11.1%,
resulting from growth in core prescription, over-the-counter and
business-to-business sales.  

The Company plans to continue to focus on customer acquisition,
conversion and retention.  The Company believes this strategy has
helped to increase new customers by 70.3% and overall orders by
25.9% during the third quarter of 2015 compared to levels
experienced prior to the completion of the equity raise in October
2014.  The Company believes repeat customers will also continue to
grow through the retention of the new customers acquired over the
past twelve months.

Lalit Dhadphale, President & CEO of HealthWarehouse.com stated,
"New customers continue to find HealthWarehouse.com as a
cost-saving solution for their prescription drugs and
over-the-counter products.  With Affordable Care Act and changes to
Medicare Part D, Americans are finding affordability for
prescription drugs increasingly challenging, as out of pocket costs
continue rise.  HealthWarehouse.com continues to be the leader in
providing transparent, affordable drug prices."

In October 2015 a customer shared this review with
HealthWarehouse.com, "The cost of prescription medicines is
overwhelming; my heart breaks for people both young and old, who do
not know to price their medications through HealthWarehouse.com.
Thank you for all you do to help make a chronic situation a bit
more manageable."

3rd Quarter 2015 Highlights:

* Net Sales:  Increased by $214,471 or 14.5% compared to the 3rd  

   Quarter of 2014 due to growth in core prescription and over-
   the-counter sales.
   
* Gross Margin:  Increased to 64.2% from 59.3% compared to the
   3rd Quarter of 2014.

* Net Loss:  Improved by $367,653 or 69%  compared to the 3rd
   Quarter of 2014 as a result of the increased net sales,
   improved gross margins and reduced operating expenses.

* EBITDAS:  Improved by $128,000 to $(38,161) compared to the 3rd

   Quarter of 2014.

Year to Date 2015 Highlights:

* Net Sales:  Increased by $518,570 or 11.1% compared to the
   first nine months of 2014 due to growth in core prescription,
   over-the-counter and business-to-business sales.

* Gross Margin:  Increased to 64.2% from 58.7% compared to the
   first nine months of 2014.

* Net Loss:  Improved by $757,867 or 63% compared to the first
   nine months of 2014 as a result of the increased net sales,
   improved gross margins and reduced operating expenses.

* EBITDAS:  Improved by $210,199 to $6,041 compared to the first
   nine months of 2014.

                     About HealthWarehouse.com

HealthWarehouse.com, Inc., headquartered in Florence, Kentucky,
is a U.S. licensed virtual retail pharmacy ("VRP") and healthcare
e-commerce company that sells brand name and generic prescription
drugs as well as over-the-counter medical products.

Healthwarehouse.com reported a net loss attributable to common
stockholders of $2.08 million on $6.12 million of net sales for the
year ended Dec. 31, 2014, compared with a net loss attributable to
common stockholders of $7.3 million on $10.23 million of net sales
in 2013.

Marcum 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 significant losses and
needs to raise additional funds to meet its obligations and sustain
its operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

As of Sept. 30, 2015, the Company had $1.06 million in total
assets, $4.78 million in total liabilities and total stockholders'
deficiency of $3.71 million.

                          Bankruptcy Warning

"The Company recognizes it will need to raise additional capital in
order to fund operations, meet its payment obligations and execute
its business plan.  There is no assurance that additional financing
will be available when needed or that management will be able to
obtain 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, attempt to extend note repayments, attempt to
negotiate the preferred stock redemption and reduce overhead until
sufficient additional capital is raised to support further
operations.  There can be no assurance that such a plan will be
successful.  If the Company is unable to obtain financing on a
timely basis, the Company could be forced to sell its assets,
discontinue its operation and /or seek reorganization under the
U.S. bankruptcy code," the Company states in the report for the
period ended Sept. 30, 2015.



HUTCHESON MEDICAL: Trustee Can Hire S&W as Special Counsel
----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Georgia
authorized Ronald Glass, Chapter 11 trustee for Hutcheson Medical
Center Inc. and its debtor-affiliates, to continue to employ
Scroggins & Williamson P.C. as special counsel.

The firm will assist the Chapter 11 Trustee in:

   a) his efforts to sell assets of the Debtors' bankruptcy
      estates, including negotiation, drafting and filing
      necessary agreements, pleadings, and orders, and closing
      and post-closing issues relating to any such sales;

   b) contested matters and adversary proceedings in which
      Scroggins & Williamson has been involved during the
      Chapter 11 case; and

   c) any other discrete matters as requested by the Trustee;
      provided, however, that the firm shall not represent the
      Trustee in conducting the Chapter 11 case.

The firm's professionals and their compensation rates:

     Attorneys            $285-$425
     paralegals           $75-$150

To the best of Trustee's knowledge, the firm represents no interest
adverse to the Debtors or the Debtors' estate and is a
"disinterested persons" within the meaning of Section 101(14) of
the Bankruptcy Code.

                  About Hutcheson Medical Center

Hutcheson Medical Center, Inc., operates the 179-bed hospital and
related ancillary facilities, including, without limitation, a
skilled nursing home and an ambulatory surgery center, located in
Ft. Oglethorpe, Georgia, known as Hutcheson Medical Center.  HMC
leases the land and buildings that comprise the Medical Center from
The Hospital Authority of Walker, Dade and Catoosa Counties.

HMC and Hutcheson Medical Division, Inc., sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga. Case No. 14-42863 and
14-42864) in Rome, Georgia, on Nov. 20, 2014.  The cases are
jointly administered under Case No. 14-42863.

The cases have been assigned to the Honorable Paul W. Bonapfel.

The Debtors are represented by Ashley Reynolds Ray, Esq., and J.
Robert Williamson, Esq., at Scroggins and Williamson, in Atlanta,
Georgia.

HMC disclosed $32.8 million in assets and $52.9 million in
liabilities as of the Chapter 11 filing.

Ronald Glass has been appointed Chapter 11 trustee for the Debtors.


HUTCHESON MEDICAL: U.S. Trustee Files 2nd Bid to Dismiss Ch.11 Case
-------------------------------------------------------------------
Guy G. Gebhardt, the Acting United States Trustee for Region 21,
filed a renewed motion asking the U.S. Bankrutpcy Court for the
Northern District of Georgia, Rome Division, to dismiss the Chapter
11 case of Hutcheson Medical Center, Inc.

The U.S. Trustee alleges that the Debtors have been under the
protection of the Court as debtors-in-possession for a period
exceeding 11 months.  During that time the Debtors failed to
propose a plan of reorganization or propose a sale of substantially
all of the estates' assets, the U.S. Trustee asserts.  The estates
are administratively insolvent and in financial extremes, the U.S.
Trustee points out.  Accordingly, the Court should dismiss these
cases for cause, the U.S. Trustee further asserts.

The U.S. Trustee also asks the Court to schedule an expedited
hearing on this motion.

The U.S. Trustee is represented by:

          Martin P. Ochs, Esq.
          Trial Attorney
          Office of the United States Trustee
          362 Richard B. Russell Building
          75 Spring Street, SW
          Atlanta, GA 30303
          Phone: 404.331.4437
          Email: martin.p.ochs@usdoj.gov

                        About Hutcheson Medical Center

Hutcheson Medical Center, Inc., operates the 179-bed hospital and
related ancillary facilities, including, without limitation, a
skilled nursing home and an ambulatory surgery center, located in
Ft. Oglethorpe, Georgia, known as Hutcheson Medical Center.  HMC
leases the land and buildings that comprise the Medical Center
from The Hospital Authority of Walker, Dade and Catoosa Counties.

HMC and Hutcheson Medical Division, Inc., sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga. Case No. 14-42863 and
14-42864) in Rome, Georgia, on Nov. 20, 2014.  The cases are
jointly administered under Case No. 14-42863.

The cases have been assigned to the Honorable Paul W. Bonapfel.

The Debtors are represented by Ashley Reynolds Ray, Esq., and J.
Robert Williamson, Esq., at Scroggins and Williamson, in Atlanta,
Georgia.

The Debtors' Chapter 11 Plan and Disclosure Statement are due
March 20, 2015.

HMC disclosed $32.8 million in assets and $52.9 million in
liabilities as of the Chapter 11 filing.

No request has been made for the appointment of a trustee or
examiner.


HYDROCARB ENERGY: Chris Herndon Reports Equity Stake
----------------------------------------------------
Chris Herndon disclosed in a Schedule 13D filed with the Securities
and Exchange Commission that as of Nov. 16, 2015, he beneficially
owns:

  -- 37,062 shares of common stock;

  -- 66,667 shares of common stock issuable upon exercise of
     outstanding and vested options with an exercise price of
     $6.60 and 25,000 shares issuable upon the exercise of
     outstanding and vested options with an exercise price of
     $4.50 (the Reporting Person holds no unvested options), and
     133,333 shares of common stock issuable upon conversion of a
     $100,000 Convertible Promissory Note held by Mr. Herndon   
     which is convertible into common stock at a conversion price
     of $0.75 per share at any time; and

  -- 10,211,166 shares of common stock, which only provides Mr.
     Herndon the right to vote such shares for or against 66.6% of
     the Issuer's Board of Directors, and 462,500 shares of common
     stock issuable upon conversion of a convertible note held by
     Duma Holdings, LLC, 20% of which Mr. Herndon is deemed to
     beneficially own, which is convertible at the option of the
     holder into (a) 1.75 units, each consisting of 25,000 shares
     of common stock of the Company and $100,000 in face amount of
     Convertible Subordinated Promissory Notes (which convert
     automatically upon their issuance date into Series B
     Convertible Preferred Stock at the rate of $1,000 per share,
     which Series B Convertible Preferred Stock is described in
     greater detail in the Issuer's Current Report on Form 8-K
     filed on September 29, 2015); and (b) 350,000 shares of
     common stock.

The Shares represent 2.9% plus 42.1% of the outstanding common
voting stock in connection with the vote for or against 66.6% of
the Company's Board of Directors.

A copy of the Schedule 13D is available for free at:

                        http://is.gd/qdA9to

                       About Hydrocarb Energy

Hydrocarb Energy, formerly known as Duma Energy Corp, is a
publicly-traded Domestic and International energy exploration and
production company targeting major under-explored oil and gas
projects in emerging, highly prospective regions of the world.
With exploration concessions in Africa, production in Galveston
Bay and Oil Field Services in the United Arab Emirates, the
Company maintain offices in Houston, Texas, Abu Dhabi, UAE and
Windhoek, Namibia.

Hydrocarb Energy reported a net loss of $12.6 million on $3.94
million of revenues for the year ended July 31, 2015, compared to a
net loss of $6.55 million on $5.06 million of revenues for the year
ended July 31, 2014.

As of July 31, 2015, the Company had $31.1 million in total assets,
$32.2 million in total liabilities and a total deficit of $1.08
million.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended July 31, 2015, citing that the Company has suffered recurring
losses from operations, which raises substantial doubt about its
ability to continue as a going concern.


HYDROCARB ENERGY: Herndon Has Right to Appoint 66.6% of Directors
-----------------------------------------------------------------
Kent P. Watts, Hydrocarb Energy Corporation's chief executive
officer and chairman, entered into a voting agreement in favor of
Chris Herndon, a member of the Board of Directors of the Company,
on or around Aug. 25, 2015.  Pursuant to the voting agreement, Mr.
Watts provided Mr. Herndon a voting proxy to vote all of the shares
of common stock which Mr. Watts owned (approximately 4,946,955
shares as of his entry into the agreement) or which he may acquire
in the future, to vote to elect or remove (as applicable) 66.6% of
members of the Company's Board of Directors on any stockholder
vote.

The voting agreement was to become effective, only if Mr. Watts had
sold $1 million in securities in private transactions before Sept.
21, 2015, and was to remain effective from such date, if ever,
until the earlier of: (a) Aug. 19, 2017; and (b) the due date of a
certain convertible note which a company affiliated with Mr.
Herndon (Duma Holdings, LLC) may choose to purchase from the
Company in the future.

On or around the same date, Chris Watts, the nephew of Kent P.
Watts, and the largest shareholder of the Company, entered into a
voting agreement with Mr. Herndon on substantially similar terms as
the voting agreement with Kent P. Watts.

As a result of Mr. Watts not selling $1 million in securities in
private transactions on similar terms before Sept. 21, 2015, the
voting agreements were never effective and expired; provided that
on Nov. 16, 2015, the parties entered into a First Amendment to
Voting Agreements to remove the prior condition to effectiveness
regarding the required sale of $1 million in securities before
Sept. 21, 2015, and as a result the voting agreements are currently
in full force and effect and will remain in effect until the
Termination Date.  As a result of the voting agreements, Mr.
Herndon has the right to appoint 66.6% of the members of the
Company's Board of Directors until the Termination Date.

                     About Hydrocarb Energy

Hydrocarb Energy, formerly known as Duma Energy Corp, is a
publicly-traded Domestic and International energy exploration and
production company targeting major under-explored oil and gas
projects in emerging, highly prospective regions of the world.
With exploration concessions in Africa, production in Galveston
Bay and Oil Field Services in the United Arab Emirates, the
Company maintain offices in Houston, Texas, Abu Dhabi, UAE and
Windhoek, Namibia.

Hydrocarb Energy Corp. filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$12.6 million on $3.94 million of revenues for the year ended July
31, 2015, compared to a net loss of $6.55 million on $5.06 million
of revenues for the year ended July 31, 2014.

As of July 31, 2015, the Company had $31.1 million in total assets,
$32.2 million in total liabilities and a total deficit of $1.08
million.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended July 31, 2015, citing that the Company has suffered recurring
losses from operations, which raises substantial doubt about its
ability to continue as a going concern.


HYDROCARB ENERGY: Robert Harrell Appointed as Director
------------------------------------------------------
The Board of Directors of Hydrocarb Energy Corporation increased
the number of members of the Company's Board of Directors from two
to three and appointed Robert M. Harrell as a member of the Board
of Directors to fill the newly created vacancy, each pursuant to
the power provided to the Board of Directors by the Company's
Bylaws and the Nevada Revised Statutes.  Mr. Harrell formally
accepted the appointment as a member of the Board of Directors on
Nov. 23, 2015.

Mr. Harrell has served as the director of Offshore Select,
Americas, of INTECSEA, Inc., an offshore engineering company, since
December 2014.  From November 2011 to September 2014, Mr. Harrell
served as president Europe Region (2013 to October 2014) and Vice
President Sales & Commercial, Asia Pacific Region (2011 to 2012),
of Wison Offshore & Marine Ltd., a marine contracting company.
From June 2005 to October 2011, Mr. Harrell served in various
positions with Williams Companies, Inc., including General Manager
- Western Gulf of Mexico (2011),General Manager - Eastern Gulf of
Mexico (2010) and Director Technical Services - Deepwater (2005 to
2009).  Prior to joining Williams, Mr. Harrell served in various
management and other positions with J. Ray McDermott and its
related entities from 1975 to 2005, at locations based in Houston,
Texas; Jakarta, Indonesia; Dubai, UAE; Lynchburg, Virginia; and New
Orleans, Louisiana.  Mr. Harrell obtained a Bachelor of Civil
Engineering Degree from the Georgia Institute of Technology in 1975
and a Master of Business Administration from Harvard University in
1982.

                      About Hydrocarb Energy

Hydrocarb Energy, formerly known as Duma Energy Corp, is a
publicly-traded Domestic and International energy exploration and
production company targeting major under-explored oil and gas
projects in emerging, highly prospective regions of the world.
With exploration concessions in Africa, production in Galveston
Bay and Oil Field Services in the United Arab Emirates, the
Company maintain offices in Houston, Texas, Abu Dhabi, UAE and
Windhoek, Namibia.

Hydrocarb Energy Corp. filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$12.6 million on $3.94 million of revenues for the year ended July
31, 2015, compared to a net loss of $6.55 million on $5.06 million
of revenues for the year ended July 31, 2014.

As of July 31, 2015, the Company had $31.1 million in total assets,
$32.2 million in total liabilities and a total deficit of $1.08
million.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended July 31, 2015, citing that the Company has suffered recurring
losses from operations, which raises substantial doubt about its
ability to continue as a going concern.


ICAGEN INC: Incurs $3.59 Million Net Loss in Third Quarter
----------------------------------------------------------
Icagen, Inc., filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss applicable to
common stock of $3.59 million on $465,000 of sales for the three
months ended Sept. 30, 2015, compared to a net loss applicable to
common stock of $1.96 million on $71,500 of sales for the same
period a year ago.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss applicable to common stock of $6.42 million on $591,000 of
sales compared to net income applicable to common stock of $2.09
million on $408,000 of sales for the same period during the prior
year.

As of Sept. 30, 2015, the Company had $18.2 million in total
assets, $14.3 million in total liabilities, $133,000 in convertible
redeemable preferred stock, and $3.78 million in total
stockholders' equity.

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

                        http://is.gd/Q90S5J

                            About Icagen

Icagen, Inc., formerly known as XRpro Sciences, Inc., is a
biopharmaceutical company, focuses on the discovery, development,
and commercialization of orally-administered small molecule drugs
that modulate ion channel targets.  Its drug candidates include
ICA-105665, a small molecule compound that targets specific KCNQ
ion channels for the treatment of epilepsy and pain, which is in
Phase II clinical trial stage; and a compound that targets the
sodium channel Nav1.7 for the treatment of pain, which is in Phase
I clinical trial stage.

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.


IMAGEWARE SYSTEMS: Frischer Reports 4.7% Stake as of Nov. 22
------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Charles Frischer disclosed that as of Nov. 13, 2015, he
beneficially owns 4,676,027 shares of common stock of ImageWare
Systems, Inc. representing 4.7 percent of the shares outstanding.
A copy of the regulatory filing is available at:

                      http://is.gd/XnOZHw

                    About ImageWare Systems

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

Imageware Systems incurred a net loss of $9.84 million in 2013, a
net loss of $10.2 million in 2012 and a net loss of $3.18 million
in 2011.

As of Sept. 30, 2015, the Company had $10.32 million in total
assets, $4.43 million in total liabilities and $5.89 million in
total shareholders' equity.


IMAGEWARE SYSTEMS: Issues Corporate Update
------------------------------------------
ImageWare Systems, Inc., has issued financial results for the third
quarter ended Sept. 30, 2015, as well as a corporate update to
highlight the company's progress since its last quarterly update on
Aug. 10, 2015.

Operational Highlights

  * Strategic partnership with Extenua has gone live on Amazon Web

    Services.  American Systems Corporation along with several
    U.S. federal agencies have already signed up as initial users
    of the joint product.

  * Partnered with CDW Corporation to provide ImageWare's
    GoVerifyID and IWS Cloud ID products to CDW customers.

Management Commentary

"We continue to make progress on various partnerships," said Jim
Miller, ImageWare's chairman and CEO.  "As recently announced, our
partnership with Extenua has advanced to the next stage of its
product launch cycle.  This partnership has evolved from testing,
to agreement, to integration, and now official market launch.  The
operating cycle of these events is what we've expected from the
outset of our go-to-market strategy, and we will continue to
validate this strategy through the advancement of our commercial
partnerships.

"We continue to believe we have the right products in the right
place at the right time, especially as consumer adoption gains
traction across the globe.  The growing need for biometric
solutions is further demonstrated by the organizations that
experience security breaches each and every day.  These secular
trends drive our strong outlook for ImageWare as we look to
leverage our commercial partners to reach millions of users across
the globe."

Third Quarter 2015 Financial Results

Total revenues in the third quarter of 2015 increased 29% to $1.2
million compared to $0.9 million in the third quarter of 2014,
primarily due to software license revenues in connection with the
U.S. Department of Veteran Affairs.

Gross margin in the third quarter of 2015 was essentially unchanged
at 72.9% compared to 73.0% in the third quarter of 2014.

Net loss in the third quarter of 2015 was $1.9 million or ($0.02)
per basic share, compared to a net loss of $2.2 million or ($0.02)
per basic share in the third quarter of 2014.

At Sept. 30, 2015, cash and cash equivalents totaled $4.9 million
compared to $0.2 million at Dec. 31, 2014.  The increase is a
result of the company's convertible preferred offering completed in
February 2015.

                     About ImageWare Systems

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

Imageware Systems incurred a net loss of $9.84 million in 2013, a
net loss of $10.2 million in 2012 and a net loss of $3.18 million
in 2011.

As of Sept. 30, 2015, the Company had $10.32 million in total
assets, $4.43 million in total liabilities and $5.89 million in
total shareholders' equity.


IMPLANT SCIENCES: Incurs $911K Net Loss in First Quarter
--------------------------------------------------------
Implant Sciences Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $911,000 on $14.4 million of revenues for the three months ended
Sept. 30, 2015, compared to a net loss of $5.37 million on $1.86
million of revenues for the same period last year.

As of Sept. 30, 2015, the Company had $13.6 million in total
assets, $92.0 million in total liabilities and a $78.4 million in
total stockholders' deficit.

                      Bankruptcy Warning

"Despite our current sales, expense and cash flow projections and
$3,766,000 in cash available from our line of credit with DMRJ, at
October 31, 2015, we will require additional capital in the third
quarter of fiscal 2016 to fund operations and continue the
development, commercialization and marketing of our products. There
can be no assurance that DMRJ will continue to make advances under
our revolving line of credit.  Our failure to achieve our
projections and/or obtain sufficient additional capital on
acceptable terms would have a material adverse effect on our
liquidity and operations and could require us to file for
protection under bankruptcy laws," the Company states in the
report.

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

                     http://is.gd/JJe21y

                    About Implant Sciences

Implant Sciences Corporation (OBB: IMSC.OB) --
http://www.implantsciences.com/-- develops, manufactures and
sells sensors and systems for the security, safety and defense
(SS&D) industries.

Marcum LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company has had recurring net
losses and continues to experience negative cash flows from
operations.  As of Sept. 15, 2015, the Company's principal
obligation to its primary lenders was approximately $65,046,000 and
accrued interest of approximately $15,393,000.  The Company is
required to repay all borrowings and accrued interest to these
lenders on March 31, 2016.  These conditions raise substantial
doubt about its ability to continue as a going concern.


IMPLANT SCIENCES: Reports First Quarter Fiscal 2016 Results
-----------------------------------------------------------
Implant Sciences Corporation announced financial results for the
three months ended Sept. 30, 2015.  

Revenues for the three months ended Sept. 30, 2015, increased $12.5
million, or 670.1%, to $14.4 million, from $1.9 million for the
comparable prior year period.  The Company's net loss for the three
months ended Sept. 30, 2015, was $0.9 million as compared with a
net loss of $5.4 million for the comparable prior year period, a
decrease of $4.5 million.  

Earnings before interest, taxes, depreciation and amortization,
stock-based compensation, warrants issued to non-employees and
common stock issued to consultants, which is reconciled to net
income in this press release, was income of $2.14 million in the
three months ended Sept. 30, 2015, compared to a loss of $2.33
million in the comparable prior year period.

Dr. William McGann, CEO of Implant Sciences, commented, "We are
extremely pleased to announce that during the recently concluded
quarter, we successfully completed the fulfillment of the ECAC
orders, resulting in the achievement of record quarterly revenues
of $14.4 million and adjusted EBITDA income of $2.1 million.  The
production ramp we experienced was unprecedented and the focus
necessary to fulfill our customer demand necessitated new processes
and procedures that we believe will continue to yield long-term
benefits.  In prior earnings releases and conference calls, we
discussed our need to become self-sufficient and generate the cash
flow required from internal operations.  During the first quarter,
we successfully self-funded the significant working capital
required to deliver the record revenues being reported today."

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

                        http://is.gd/ykVlUQ

                       About Implant Sciences

Implant Sciences Corporation (OBB: IMSC.OB) --
http://www.implantsciences.com/-- develops, manufactures and
sells sensors and systems for the security, safety and defense
(SS&D) industries.

As of Sept. 30, 2015, the Company had $13.61 million in total
assets, $91.96 million in total liabilities and a $78.35 million
total stockholders' deficit.

Marcum LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company has had recurring net
losses and continues to experience negative cash flows from
operations.  As of Sept. 15, 2015, the Company's principal
obligation to its primary lenders was approximately $65,046,000 and
accrued interest of approximately $15,393,000.  The Company is
required to repay all borrowings and accrued interest to these
lenders on March 31, 2016.  These conditions raise substantial
doubt about its ability to continue as a going concern.

                        Bankruptcy Warning

"Our ability to comply with our debt covenants in the future
depends on our ability to generate sufficient sales and to control
expenses, and will require that we seek additional capital through
private financing sources.  There can be no assurances that we will
achieve our forecasted financial results or that we will be able to
raise additional capital to operate our business.  Any such failure
would have a material adverse impact on our liquidity and financial
condition and could force us to curtail or discontinue operations
entirely.  Further, upon the occurrence of an event of default
under certain provisions of our credit agreements, we could be
required to pay default rate interest equal to the lesser of 2.5%
per month and the maximum applicable legal rate per annum on the
outstanding principal balance outstanding.  The failure to
refinance or otherwise negotiate further extensions of our
obligations to our secured lenders would have a material adverse
impact on our liquidity and financial condition and could force us
to curtail or discontinue operations entirely and/or file for
protection under bankruptcy laws," the Company states in its annual
report for the year ended June 30, 2015.


INDEPENDENCE TAX IV: Posts $2.42 Million Net Income for Q2
----------------------------------------------------------
Independence Tax Credit Plus LP IV filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income attributable to the Partnership of $2.42 million on
$419,000 of total revenues for the three months ended Sept. 30,
2015, compared to a net loss of $78,288 on $420,000 of total
revenues for the same period during the prior year.

For the six months ended Sept. 30, 2015, the Company reported net
income attributable to the Partnership of $6.80 million on $839,000
of total revenues compared to a net loss attributable to the
Partnership of $202,000 on $843,000 of total revenues for the same
period a year ago.

As of Sept. 30, 2015, the Company had $1.97 million in total
assets, $5.90 million in total liabilities and a total partners'
deficit of $3.92 million.

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

                        http://is.gd/DiaDFl
  
                      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.


INFINITY ENERGY: Posts $5.7 Million Net Income for Third Quarter
----------------------------------------------------------------
Infinity Energy Resources, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $5.70 million for the three months ended Sept. 30,
2015, compared to a net loss of $716,000 for the same period during
the prior year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $2.18 million compared to a net loss of $3.23 million
for the same period a year ago.

As of Sept. 30, 2015, the Company had $9.71 million in total
assets, $13.6 million in total liabilities and a total
stockholders' deficit of $3.85 million.

The Company has had a history of losses.  In addition, the Company
has a significant working capital deficit and is currently
experiencing substantial liquidity issues.

The Company has relied on raising debt and equity capital in recent
years in order to fund its ongoing maintenance/expenditure
obligations under the Nicaraguan Concession, for its day-to-day
operations and its corporate overhead since it has generated no
operating revenues or cash flows in recent history.

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

                      http://is.gd/dSC6N0

                     About Infinity Energy

Overland Park, Kansas-based Infinity Energy Resources and its
subsidiaries, are engaged in the acquisition and exploration of
oil and gas properties offshore Nicaragua in the Caribbean Sea.

In its report on the consolidated financial statements for the
year ended Dec. 31, 2014, RBSM, LLP, expressed substantial doubt
about the Company's ability to continue as a going concern, citing
that the Company has suffered recurring losses, has no on-going
operations, and has a significant working capital deficit.

The Company reported a net loss of $3.68 million for the year ended
Dec. 31, 2014, compared with a net loss of $2.43 million during the
prior year.


INTELLIPHARMACEUTICS INT'L: To Present at the LD Micro Main Event
-----------------------------------------------------------------
Intellipharmaceutics International Inc. is scheduled to present at
the LD Micro Main Event on Dec. 2, 2015.  The presentation will
take place at 10:00 a.m. (PST) (1:00 PM EST) in the Luxe Sunset Bel
Air Hotel in Los Angeles, California.

The presentation may be accessed through the Investor Relations'
Events and Presentations section on Intellipharmaceutics' Web site
at www.intellipharmaceutics.com.

                     About Intellipharmaceutics

Toronto, Canada-based Intellipharmaceutics International Inc. is
incorporated under the laws of Canada.  Intellipharmaceutics is a
pharmaceutical company specializing in the research, development
and manufacture of novel and generic controlled-release and
targeted-release oral solid dosage drugs.  Its patented
Hypermatrix(TM) technology is a multidimensional controlled-
release drug delivery platform that can be applied to the
efficient development of a wide range of existing and new
pharmaceuticals.  Based on this technology,
Intellipharmaceutics has a pipeline of product candidates in
various stages of development, including filings with the FDA in
therapeutic areas that include neurology, cardiovascular,
gastrointestinal tract, diabetes and pain.

Intellipharmaceutics reported a net loss of $3.85 million on $8.76
million of revenues for the year ended Nov. 30, 2014, compared with
a net loss of $11.5 million on $1.52 million of revenues for the
year ended Nov. 30, 2013.

As of Aug. 31, 2015, the Company had $6.21 million in total assets,
$3.87 million in total liabilities and $2.34 million in
shareholders' equity.

Deloitte LLP, in Toronto, Canada, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Nov. 30, 2014, citing that the Company's recurring losses
from operations and the accumulated deficit raise substantial doubt
about the Company's ability to continue as a going concern.


INTERLEUKIN GENETICS: May Issue 41MM Shares Under Incentive Plans
-----------------------------------------------------------------
Interleukin Genetics, Inc., filed a Form S-8 registration statement
with the Securities and Exchange Commission to register 30,000,000
shares of common stock of the Company authorized for issuance under
the Interleukin Genetics, Inc. 2013 Employee, Director and
Consultant Equity Incentive Plan.  Shares of Common Stock issuable
under the 2013 Plan were previously registered on the Registration
Statement on Form S-8 of the Company filed with the Commission on
Aug. 15, 2013.

The Form S-8 Registration Statement was also filed to register
11,622,279 shares of Common Stock issuable upon exercise of a
non-qualified stock option granted to Mark Carbeau, chief executive
officer of the Company, on April 6, 2015, as an inducement material
to him entering into employment with the Company.

                       About Interleukin

Waltham, Mass.-based Interleukin Genetics, Inc., is a personalized
health company that develops unique genetic tests to provide
information to better manage health and specific health risks.

As of Sept. 30, 2015, the Company had $7.90 million in total
assets, $8.74 million in total liabilities and a total
stockholders' deficit of $845,000.

Grant Thornton LLP, in Boston, Massachusetts, issued a "going
concern" qualification in its report on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has incurred recurring losses from operations and has an
accumulated deficit that raise substantial doubt about the
Company's ability to continue as a going concern.


JEVIC TRANSPORTATION: Fired Truckers Seek Priority of $12M Claims
-----------------------------------------------------------------
Cara Salvatore at Bankruptcy Law360 reported that eighteen hundred
truckers fired by Jevic Transportation Inc. have asked the Supreme
Court to review a Third Circuit decision denying them  $12.4
million in claims after their company went bankrupt, in a case that
probes private equity firms' creditor prioritization and possible
grounds for flipping it.

The petition for certiorari was filed Nov. 16 and seeks review of a
precedential Third Circuit decision against the workers, who had
made their claim amid a Chapter 11 settlement the company reached
with banks and private equity firms.

                    About Jevic Transportation

Based in Delanco, New Jersey, Jevic Transportation Inc. --
http://www.jevic.com/-- provided trucking services.  Two  
affiliates -- Jevic Holding Corp. and Creek Road Properties -- have
no assets or operations.  Jevic et al. sought Chapter 11 protection
(Bankr. D. Del. Case No. 08-11008) on May 20, 2008.  Domenic E.
Pacitti, Esq., and Michael W. Yurkewicz, Esq., at Klehr Harrison
Harvey Branzburg & Ellers, in Wilmington, Del., represent the
Debtors.  The U.S. Trustee for Region 3 appointed five creditors to
serve on an Official Committee of Unsecured Creditors.  Robert J.
Feinstein, Esq., Bruce Grohsgal, Esq., and Maria A. Bove, Esq., at
Pachulski Stang Ziehl & Jones LLP, in Wilmington, Del., represent
the Official Committee of Unsecured Creditors.

Before filing for bankruptcy, the Debtors initiated an orderly
wind-down process.  As a part of the wind-down process, the
Debtors ceased substantially all of their business and
terminated roughly 90% of their employees.  The Debtors continue
to manage the wind-down process in an attempt to deliver all
freight in their system and to retrieve their assets.

When the Debtors sought protection from their creditors, they
estimated assets and debts between $50 million and $100 million.
At Oct. 31, 2010, the Debtor had total assets of $425,000, total
liabilities of $12.2 million, and a stockholders' deficit of
$11.8 million.  The Debtor ended the period with $362,000 in cash,
which includes restricted cash of $67,000.


K&L GATES: Says Remainder of Malpractice Suit Falls Short
---------------------------------------------------------
Aebra Coe at Bankruptcy Law360 reported that K&L Gates LLP urged a
California federal judge to scrap the sole remaining claim in a
legal malpractice suit brought by investors in a bankrupt petroleum
company who say they were cheated out of any recovery during
Chapter 11 proceedings, arguing the claim is still short on
evidence even after repleading.

The U.S. District Judge Richard Seeborg gave the putative investor
class a chance to amend the claim after it was tossed in June.


KU6 MEDIA: Reports Q3 Fiscal Year 2015 Financial Results
--------------------------------------------------------
Ku6 Media Co., Ltd. announced its unaudited financial results for
the third quarter ended Sept. 30, 2015.

Mr. Feng Gao, chief executive officer of Ku6 Media, commented, "The
third quarter represented a period of advancement in our services,
as well as positive trends in our financials.  We have consistently
seen user expansion as individuals are providing a wider variety of
content on our platform.  Ku6 is focusing on the trend toward video
social communication with the creation of our 'Model Interactive
Community'.  We are also expanding our share of the mobile market
through the launching of the mobile application 'Modo', which is
part of our cooperation agreement with Beijing Modo.  Ultimately,
our goal is to continue to increase user traffic while
simultaneously enhancing our advertising partnerships.  In the
third quarter, we have increased revenues and continued to progress
towards profitability, and have been pleased with our current
trends heading into 2016."

The Company reported a net loss of $641,000 on $2.45 million of
total revenues for the three months ended Sept. 30, 2015, compared
to a net loss of $932,000 on $1.61 million of total revenues for
the same period during the prior year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $2.13 million on $7.18 million of total revenues
compared to a net loss of $10.68 million on $5.11 million of total
revenues for the same period a year ago.

As of Sept. 30, 2015, the Company had $8.79 million in total
assets, $14.39 million in total liabilities and a total
shareholders' deficit of $5.59 million.

                        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.

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.


LA PATISSERIE: Case Summary & 15 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: La Pattisserie De France, Inc.
        529 Ave. FD Roosevelt Ste 490
        Plaza Las Americas
        San Juan, PR 00918

Case No.: 15-09436

Chapter 11 Petition Date: November 26, 2015

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

Judge: Hon. Mildred Caban Flores

Debtor's Counsel: Antonio I Hernandez Santiago, Esq.
                  HERNANDEZ LAW OFFICE
                  PO BOX 8509
                  San Juan, PR 00910-0509
                  Tel: 787 250-0575
                  Email: ahernandezlaw@yahoo.com

Estimated Assets: $50,000 to $100,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jean R. Auguste Severe, president.

A list of the Debtor's 15 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb15-09436.pdf


LATTICE INC: Incurs $1 Million Net Loss in Third Quarter
--------------------------------------------------------
Lattice Inc. filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss available to
common shareholders of $1 million on $1.90 million of revenue for
the three months ended Sept. 30, 2015, compared to a net loss
available to common shareholders of $321,068 on $2.03 million of
revenue for the same period last year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss available to common shareholders of $2.06 million on $5.82
million of revenue compared to a net loss available to common
shareholders of $1.11 million on $6.61 million of revenue for the
same period during the prior year.

As of Sept. 30, 2015, the Company had $4.88 million in total
assets, $8.84 million in total liabilities and a total
shareholders' deficit of $3.96 million.

Cash and cash equivalents decreased to approximately $90,000 at
Sept. 30, 2015, from approximately $256,000 at Dec. 31, 2014.

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

                       http://is.gd/ji4qsP

                         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.


LEHMAN BROTHERS: Court Wipes Out FirstBank's $62 Million Claim
--------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that a New York
bankruptcy judge on Nov. 23, 2015, wiped out FirstBank Puerto
Rico's $61.5 million claim against Lehman Brothers Inc. over a
soured interest rate swap agreement, ruling that the bank doesn't
qualify as a customer under a federal law designed to protect
securities investors.

U.S. Bankruptcy Judge Shelly Chapman granted the LBI trustee's
motion to expunge FirstBank's claim, ruling that the bank doesn't
qualify as the failed broker-dealer's customer under the Securities
Investor Protection Act.  FirstBank's claim is tied to government
securities.

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was     

the fourth largest investment bank in the United States.  For
more than 150 years, Lehman Brothers has been a leader in the
global financial markets by serving the financial needs of
corporations, governmental units, institutional clients and
individuals worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Several other affiliates followed
thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.  
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

As of Oct. 2, 2014, Lehman's total distributions to unsecured
creditors have amounted to $92.0 billion.  As of Sept. 30, 2014,
the brokerage trustee has substantially completed customer claims
distributions, distributing more than $106 billion to 111,000
customers.


LEO MOTORS: Incurs $412,000 Net Loss in Third Quarter
-----------------------------------------------------
Leo Motors, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $412,000
on $922,000 of revenues for the three months ended
Sept. 30, 2015, compared to a net loss of $474,000 on $28,800 of
revenues for the same period during the prior year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $2.10 million on $2.33 million of revenues compared to
a net loss of $2.03 million on $28,800 of revenues for the same
period a year ago.

As of Sept. 30, 2015, the Company had $7.48 million in total
assets, $4.13 million in total liabilities and $3.35 million in
total equity.

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

                      http://is.gd/1looXw

                       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.


LINDA AWKARD: Court Denies Application to Employ Wendel Webster
---------------------------------------------------------------
In a Memorandum Decision and Order dated November 16, 2015 which is
available at http://is.gd/Zbak9pfrom Leagle.com, Judge S. Martin
Teel, Jr., of the United States Bankruptcy Court for the District
of Columbia denied Linda N. Awkard's application to employ Wendell
W. Webster, without prejudice to a renewed application.

Judge Teel held that in an affidavit accompanying the application,
Webster should have disclosed that he was the Chapter 11 trustee in
a prior case, In re Ellipsat, Inc., formerly known as Ellipso,
Inc., Case No. 09-00148, in which Awkard was a creditor, served as
special counsel to the debtor when it was a debtor in possession,
and was a proponent of the plan that was confirmed in the case.
Awkard had standing to object to Webster's and his law firm's
compensation in that case, and Webster had standing to object to
Awkard's claims in that case (and, for example, attended the
hearing on Awkard's application for compensation as special
counsel), Judge Teel said.

Webster did not disclose the connection so that the United States
Trustee and other parties monitoring the case would be alerted to
the connection and could take a position, Judge Teel held.  If a
renewed application is filed, the effect of Webster's having failed
to disclose the connection in this application on that renewed
application and on any application for compensation can be
addressed when ruling on the renewed application or on any
application for compensation.

The case is In re LINDA N. AWKARD, (Chapter 11), Debtor, CASE NO.
15-00303 (Bankr. D.C.).

Linda N. Awkard, Debtor In Possession, represented by Wendell W.
Webster, Esq.-- Webster & Fredrickson, PLLC.


LUVU BRANDS: Delays Third Quarter Form 10-Q Filing
--------------------------------------------------
Luvu Brands, 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
Sept. 30, 2015.  The Company said it has experienced a delay in
completing the information necessary for inclusion in its Quarterly
Report.  The Company expects to file the Report within the allotted
extension period.

                         About Luvu Brands

Luvu Brands, Inc., formerly Liberator Inc., manufactures and
markets an array of imaginative home furnishings and lifestyle
products which encompass fashionable indoor and outdoor furniture
and casual seating, sexual wellness accessories, and self-care
solutions.  In addition to their ever expanding product lines, Luvu
Brands offers high-end, private label contract services to schools
and institutions.

The Company is headquartered in Atlanta, Georgia in a 140,000
square foot vertically-integrated manufacturing facility that
employs over 150 people.  Bringing manufacturing back to the USA,
sustainable manufacturing practices, and decreasing the overall
impact on the environment are core to the Company's operating
principles.

Luvu Brands, Inc. promotes its products through a variety of
consumer channels that include mass-market retailers and websites,
wholesalers, and distributors in the United States and globally.
The Company's owned brands are Liberator, Jaxx Living, and Avana
Comfort. For more information about Luvu Brands, please visit
luvubrands.com.

Liberator reported a net loss of $474,000 on $15.6 million of net
sales for the year ended June 30, 2015, compared to a net loss of
$376,000 on $14.7 million of net sales for the year ended June 30,
2014.

As of June 30, 2015, the Company had $3.27 million in total assets,
$5.59 million in total liabilities, and a $2.32 million total
stockholders' deficit.

Liggett, Vogt & Webb, P.A., in Boynton Beach, Florida, issued a
"going concern" qualification on the consolidated financial
statements stating that the Company has a net loss of $474,000, a
working capital deficiency of $1.76 million, and an accumulated
deficit of $8.90 million.  These factors raise substantial doubt
about the Company's ability to continue as a going concern, the
auditors said.


LUVU BRANDS: Incurs $222K Net Loss in First Quarter
---------------------------------------------------
Luvu Brands, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $222,000 on $3.71 million of net sales for the three months
ended Sept. 30, 2015, compared to a net loss of $84,300 on $3.57
million of net sales for the same period in 2014.

As of Sept. 30, 2015, the Company had $3.53 million in total
assets, $6.07 million in total liabilities and a total
stockholders' deficit of $2.53 million.

As of Sept. 30, 2015, the Company's cash and cash equivalents
totaled $453,000, compared to $630,000 in cash and cash equivalents
as of Sept. 30, 2014.

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

                      http://is.gd/QTcKJx

                       About Luvu Brands

Luvu Brands, Inc., formerly Liberator Inc., manufactures and
markets an array of imaginative home furnishings and lifestyle
products which encompass fashionable indoor and outdoor furniture
and casual seating, sexual wellness accessories, and self-care
solutions.  In addition to their ever expanding product lines, Luvu
Brands offers high-end, private label contract services to schools
and institutions.

The Company is headquartered in Atlanta, Georgia in a 140,000
square foot vertically-integrated manufacturing facility that
employs over 150 people.  Bringing manufacturing back to the USA,
sustainable manufacturing practices, and decreasing the overall
impact on the environment are core to the Company's operating
principles.

Luvu Brands, Inc. promotes its products through a variety of
consumer channels that include mass-market retailers and websites,
wholesalers, and distributors in the United States and globally.
The Company's owned brands are Liberator, Jaxx Living, and Avana
Comfort. For more information about Luvu Brands, please visit
luvubrands.com.

Liberator reported a net loss of $474,000 on $15.6 million of net
sales for the year ended June 30, 2015, compared to a net loss of
$376,000 on $14.7 million of net sales for the year ended June 30,
2014.

Liggett, Vogt & Webb, P.A., in Boynton Beach, Florida, issued a
"going concern" qualification on the consolidated financial
statements stating that the Company has a net loss of $474,000, a
working capital deficiency of $1.76 million, and an accumulated
deficit of $8.90 million.  These factors raise substantial doubt
about the Company's ability to continue as a going concern, the
auditors said.


MAGNETATION LLC: Jamar Gets Stay Relief to Preserve Mechanic's Lien
-------------------------------------------------------------------
The Jamar Company sought and obtained from Judge Gregory F. Kishel
of the U.S. Bankruptcy Court for the District of Minnesota relief
from the automatic stay for the preservation of its mechanic's lien
rights in the property commonly known as Plant 4, located at 28754
County Highway 61, Grand Rapids, Minnesota.

The Jamar Company holds these claims against one or more of the
Debtors, secured by mechanic's liens on Plant 4: Mag Mining LLC
Claim No. 43 and Magnetation LLC Claim No. 194 in the amount of
$426,548.

James A. Rubenstein, Esq., at Moss & Barnett, in Minneapolis,
Minnesota, tells the Court that according to the Debtors'
schedules, as amended, 27 companies are either Minnesota based, or
assert mechanic's liens on the Debtors' Minnesota properties.  He
further tells the Court that the aggregate amount of their claims
is $24,023,724.  Mr. Rubenstein relates that The Jamar Company must
commence an action to foreclose on its mechanic's lien within one
year of Dec. 17, 2014 or it may lose certain mechanic's lien rights
under Minnesota law.

The following supported this motion seeking relief from the
automatic stay:

     (1) Scheck Industrial Corporation, which also holds a
mechanic's lien in the amount of $3,953,090 against the real
property upon which the Concentrator Plant 4 Building is located.

     (2) Ulland Brothers, Inc., which requested the Court to grant
the automatic stay relief to all Minnesota properties in which one
or more of the Debtors have an interest and in which
miner's/mechanic's lien claimants have filed lien claims in the
State of Minnesota, and as claims in the Debtor's bankruptcy
proceedings, in order to avoid the Court entertaining multiple
motions for limited relief from the automatic stay as to each of
the separate Minnesota properties of the Debtors.

     (3) LeJeune Steel Company, Parsons Electric, LLC, and Hunt
Electric Corporation, which are affiliates of The Jamal Company
that conduct separate operations under common ownership.  They also
hold mechanic's liens against Mag Mining LLC and Magnetation LLC,
as follows:

          (a) Le Jeune Steel Company: Mag Mining Claim No. 50 and
Magnetation Claim No. 210 in the amount of $1,572,898.

          (b) Parsons Electric, LLC: It has claims including Mag
Mining LLC Claim No. 45 and Magnetation Claim No. 197 in the amount
of $2,253,540.

          (c) Hunt Electric Coporation: Mag Mining LLC Claim No. 52
and Magnetation Claim No. 212 in the amount of $1,908,019.

The Jamar Company is represented by:

          James A. Rubenstein, Esq.
          MOSS & BARNETT
          150 South Fifth Street, Suite 1200
          Minneapolis, MN 55402
          Telephone: (612)877-5363
          E-mail: Jim.Rubenstein@lawmoss.com

Scheck Industrial Corporation is represented by:

          Phillip Bohl, Esq.
          Abigail M. McGibbon, Esq.
          GRAY PLANT MOOTY
          500 IDS Center
          80 South 8th Street
          Minneapolis, MN 55402
          Telephone: (612)632-3000
          Facsimile: (612)632-4400
          E-mail: Phillip.Bohl@gpmlaw.com
                  Abigail.Mcgibbon@gpmlaw.com

Ulland Brothers, Inc. is represented by:

          Joseph V. Ferguson, Esq.
          JOHNSON, KILLEN & SEILER, P.A.
          230 West Superior St., Suite 800
          Duluth, MN 55802
          Telephone: (218)722-6331

                      About Magnetation LLC

Magnetation LLC -- http://www.magnetation.com/-- is a joint  
venture between Magnetation, Inc. (50.1% owner) and AK Iron
Resources, LLC, an affiliate of AK Steel Corporation (49.9%
owner).
Magnetation LLC recovers high-quality iron ore concentrate from
previously abandoned iron ore waste stockpiles and tailings
basins.
Magnetation LLC owns iron ore concentrate plants located in
Keewatin, MN, Bovey, MN and Grand Rapids, MN, and an iron ore
pellet plant in Reynolds, IN.  

Magnetation LLC and four subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. D. Minn. Lead Case No. 15-50307) in Duluth,
Minnesota, on May 5, 2015, after reaching a deal with secured
noteholders on a balance sheet restructuring.  The cases are
assigned to Chief Judge Gregory F Kishel.

The Debtors have tapped Davis Polk & Wardwell LLP and Lapp, Libra,
Thomson, Stoebner & Pusch, Chtd., as attorneys; Blackstone
Advisory
Partners LP as financial advisor; and Donlin, Recano & Company,
Inc., as the claims agent.

The Debtor's exclusive period for filing a plan and disclosure
statement ends Sept. 2, 2015.

The U.S. Trustee for Region 12 appointed three creditors of
Magnetation LLC to serve on an official committee of unsecured
creditors.


MARINA BIOTECH: Announces Third Quarter 2015 Financial Results
--------------------------------------------------------------
Marina Biotech, Inc., reported financial results for the three and
nine months ended Sept. 30, 2015.

"We are focused on closing a partnering transaction by year-end,"
stated J. Michael French, president & chief executive officer of
the company.  "The nucleic acid therapeutics sector continues to
show significant progress in the development of novel RNA and DNA
compounds for the treatment of human diseases, particularly rare
diseases.  I believe that Marina's drug discovery platform allows
us to bring a unique set of capabilities to partners who are
seeking proprietary compounds against traditionally undruggable
targets.  Further, I believe that our pipeline and our ability to
bring additional programs forward in an expedited manner will
provide Marina with further partnering and licensing opportunities.
I continue to be encouraged by the level of interest in our
capabilities and programs and I look forward to leveraging the
value in our platform and pipeline."

At Sept. 30, 2015, the Company had cash of $1.3 million and total
assets of $8.1 million, compared to cash of $1.8 million and total
assets of $9.2 million at Dec. 31, 2014.  On Aug. 5, 2015, the
Company entered into a Securities Purchase Agreement pursuant to
which the Company sold 220 shares of Series D Convertible Preferred
Stock and price adjustable warrants to purchase up to 3.4 million
shares of the Company's common stock at an exercise price of $0.40
per share, resulting in gross proceeds of $1.1 million.

                        About Marina Biotech

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

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

Marina Biotech reported a net loss of $6.47 million on $500,000 of
license and other revenue for the year ended Dec. 31, 2014,
compared to a net loss of $1.57 million on $2.11 million of license
and other revenue in 2013.

As of Sept. 30, 2015, the Company had $8.12 million in total
assets, $8.52 million in total liabilities and a $400,000 total
stockholders' deficit.

Wolf & Company, P.C., in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing the Company has suffered
recurring losses from operations, has a significant accumulated
deficit and has been unable to raise sufficient capital to fund its
operations through the end of 2015.  This raises substantial doubt
about the Company's ability to continue as a going concern, the
auditors noted.


MARINA BIOTECH: Gets Milestone Payment from SMARTICLES Licensee
---------------------------------------------------------------
Marina Biotech, Inc., reported that it received a milestone
payment, in the amount of $200,000, from its licensee, MiNA
Therapeutics Limited, a privately-held biotechnology company
pioneering short activating RNA as therapeutic agents for the
treatment of human diseases.

"We are extremely pleased with MiNA's progress as the forerunner in
the development of saRNA-based therapeutics," stated J. Michael
French, president and CEO of Marina Biotech.  "Further, I believe
the rapid advancement of their technology continues to demonstrate
the versatility of SMARTICLES for the safe and effective delivery
of nucleic acid compounds.  We look forward to the continued
progress of the MiNA team and to the treatment options that their
novel approach can bring to patients in need."

                        About Marina Biotech

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

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

Marina Biotech reported a net loss of $6.47 million on $500,000 of
license and other revenue for the year ended Dec. 31, 2014,
compared to a net loss of $1.57 million on $2.11 million of license
and other revenue in 2013.

As of Sept. 30, 2015, the Company had $8.12 million in total
assets, $8.52 million in total liabilities and a $400,000 total
stockholders' deficit.

Wolf & Company, P.C., in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing the Company has suffered
recurring losses from operations, has a significant accumulated
deficit and has been unable to raise sufficient capital to fund its
operations through the end of 2015.  This raises substantial doubt
about the Company's ability to continue as a going concern, the
auditors noted.


MEDICAL CAPITAL: Ex-CEO Reaches Deal With SEC Over Ponzi Scheme
---------------------------------------------------------------
Carmen Germaine at Bankruptcy Law360 reported that a California
federal judge has paused a suit brought by the U.S. Securities and
Exchange Commission against former Medical Capital Holdings Inc.
CEO Sidney M. Field over his role in an alleged $1.7 billion Ponzi
scheme, after Field and the SEC said they had reached a
settlement.

U.S. District Judge David O. Carter agreed on Nov. 20, 2015, to
halt the case for 60 days after the SEC and Field said they had
reached a proposed settlement on Nov. 18, giving them time to
finalize a deal.


MERCER INT'L: S&P Affirms 'B+' CCR, Outlook Revised to Positive
---------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its outlook on
Vancouver-based, northern bleached softwood kraft (NBSK) pulp
producer Mercer International Inc. to positive from stable.

At the same time, Standard & Poor's affirmed its ratings on Mercer,
including its 'B+' long-term corporate credit rating on the
company.

"The outlook revision reflects our view that Mercer's liquidity has
improved contributing to an increased likelihood that we will
upgrade the company over the next 12 months," said Standard &
Poor's credit analyst Alessio Di Francesco.

In S&P's view, there is an increased likelihood that Mercer will
meet the conditions that require a "strong" liquidity assessment
within the next 12 months.  As such, S&P would expect to upgrade
the company, assuming no change in its business and financial risk
profiles.

S&P's "aggressive" financial risk assessment on the company
reflects its base-case expectation that adjusted debt-to-EBITDA
will be in the 3.0x-3.5x range through 2017.  It also incorporates
S&P's view that Mercer's volatile earnings could result in credit
measures that are one or two categories weaker during periods of
stress.

S&P's "weak" business risk assessment on the company reflects
Mercer's participation in the fragmented, commoditized, and highly
competitive pulp industry, which limits its pricing power.  The
business risk profile also reflects the company's limited product
and asset diversity as a pure-play NBSK pulp producer, operating
only three mills.  S&P believes this leaves the company exposed to
volatile pulp prices and potential mill disruptions that may
negatively affect free cash flow.

The positive outlook reflects S&P's view that Mercer's liquidity
has improved, contributing to an increased likelihood that S&P will
upgrade the company in the next 12 months.  It also incorporates
S&P's expectation that the company will maintain adjusted
debt-to-EBITDA in the low 3x area over the next couple of years,
underpinned by relatively balanced supply-demand conditions in the
NBSK market.

S&P could upgrade Mercer over the next 12 months if S&P revises its
liquidity assessment on the company to "strong," with no change in
S&P's "aggressive" financial risk assessment.  In this scenario,
S&P would expect Mercer to maintain adjusted debt-to-EBITDA in the
3x-4x range, with relatively stable liquidity sufficient to
withstand substantial adverse market circumstances.

S&P could revise the outlook back to stable over the next 12 months
if it continues to view its liquidity "adequate."  This could occur
if the company engages in shareholder-friendly initiatives or its
cash flow materially weakens, leading to deterioration in S&P's
assessment of its liquidity position.



MIDSTATES PETROLEUM: Bruce Stover Is New Chairman of the Board
--------------------------------------------------------------
Thomas C. Knudson, chairman of the Board of Directors of Midstates
Petroleum Company, Inc., expressed to the Board his intention not
to stand for re-election at the Company's 2016 Annual Meeting of
Stockholders, and to retire from his position as a director of the
Company on May 1, 2016.  The Company said Mr. Knudson's decision
was not the result of any disagreement with it relating to its
operations, policies or practices.  

Concurrently with his determination to not stand for re-election,
Mr. Knudson resigned from his position as chairman of the Board
effective immediately; however, Mr. Knudson will continue his role
as chairman of the Company's Nominating and Governance Committee.
Following Mr. Knudson's resignation, the Board unanimously approved
and appointed Mr. Bruce Stover as the Company's new Chairman of the
Board.

                  About Midstates Petroleum Company

Midstates Petroleum Company, Inc. --
http://www.midstatespetroleum.com/-- is an independent exploration
and production company focused on the application of modern
drilling and completion techniques in oil and liquids-rich basins
in the onshore U.S. Midstates' drilling and completion efforts are
currently focused in the Mississippian Lime oil play in Oklahoma
and Anadarko Basin in Texas and Oklahoma.  The Company's operations
also include the upper Gulf Coast tertiary trend in central
Louisiana.

Midstates reported net income of $117 million on $794 million of
total revenues for the year ended Dec. 31, 2014, compared to a net
loss of $344 million on $470 million of total revenues for the year
ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $2.47 billion in total assets,
$2 billion in total liabilities and $466 million in total
stockholders' equity.

The Company's independent auditor, Deloittee & Touche LLP, in
Houston, Texas, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that Midstates' projected debt covenant violation and
resulting lack of liquidity raise substantial doubt about its
ability to continue as a going concern.

                             *    *    *

Midstates Petroleum carries a 'B' corporate credit rating from
Standard & Poor's Ratings Services.

As reported by the TCR on April 8, 2013, Moody's Investors Service
affirmed Midstates Petroleum's 'B3' Corporate Family Rating.


MIDSTATES PETROLEUM: R/C IV Eagle Holds 27.5% Stake as of Nov. 17
-----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, R/C IV Eagle Holdings, L.P., Riverstone/Carlyle Energy
Partners IV, L.P., and R/C Energy GP IV, LLC disclosed that as of
Nov. 17, 2015, they beneficially own 2,983,508 shares of common
stock of Midstates Petroleum Company, Inc., representing 27.5
percent of the shares outstanding.  A copy of the regulatory filing
is available at http://is.gd/SkU0au

                  About Midstates Petroleum Company

Midstates Petroleum Company, Inc. --
http://www.midstatespetroleum.com/-- is an independent exploration
and production company focused on the application of modern
drilling and completion techniques in oil and liquids-rich basins
in the onshore U.S. Midstates' drilling and completion efforts are
currently focused in the Mississippian Lime oil play in Oklahoma
and Anadarko Basin in Texas and Oklahoma.  The Company's operations
also include the upper Gulf Coast tertiary trend in central
Louisiana.

Midstates reported net income of $117 million on $794 million of
total revenues for the year ended Dec. 31, 2014, compared to a net
loss of $344 million on $470 million of total revenues for the year
ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $2.47 billion in total assets,
$2 billion in total liabilities and $466 million in total
stockholders' equity.

The Company's independent auditor, Deloittee & Touche LLP, in
Houston, Texas, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that Midstates' projected debt covenant violation and
resulting lack of liquidity raise substantial doubt about its
ability to continue as a going concern.

                             *    *    *

Midstates Petroleum carries a 'B' corporate credit rating from
Standard & Poor's Ratings Services.

As reported by the TCR on April 8, 2013, Moody's Investors Service
affirmed Midstates Petroleum's 'B3' Corporate Family Rating.


MINT LEASING: Delays Form 10-Q Due to Default Issues
----------------------------------------------------
The Mint Leasing, Inc., was notified on Oct. 19, 2015, by Raven
Asset-Based Opportunity Fund I LP, its senior lender, that it was
in default of certain provisions of the Amended and Restated Loan
and Security Agreement dated Nov. 19, 2013, whereby Raven loaned
the Company $9.3 million.

Raven has not yet taken any action to enforce their security
interests which they hold, and the Company and Raven have agreed in
principle to the terms of a forbearance agreement which the Company
anticipates entering into shortly after the date of this filing,
pursuant to which Raven will forbear from taking any action to
enforce the defaults (subject to the mutually agreeable terms of
the forbearance agreement) until Dec. 31, 2015.

The Company has been delayed in completing the preparation of its
quarterly report on Form 10-Q for the quarter ended Sept. 30, 2015,
because of issues associated with the defaults and negotiation of
the forbearance agreement with Raven.  The Company intends to file
the subject Quarterly Report on Form 10-Q on or before the fifth
calendar day following the prescribed due date.

                         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 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
its quarterly report for the period ended
June 30, 2015.


MINT LEASING: Incurs $1.33 Million Net Loss in Third Quarter
------------------------------------------------------------
The Mint Leasing, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.33 million on $749,000 of total revenues for the three months
ended Sept. 30, 2015, compared to a net loss of $2.39 million on
$1.41 million of total revenues for the same period a year ago.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $4.21 million on
$3 million of total revenues compared to a net loss of $5.31
million on $5.66 million of total revenues for the same period
during the prior year.

As of Sept. 30, 2015, the Company had $11.1 million in total
assets, $13.3 million in total liabilities and a total
stockholders' deficit of $2.25 million.

                      Bankruptcy Warning

"We were notified on October 19, 2015, by Raven Asset-Based
Opportunity Fund I LP, the successor to MNH, that we were in
default of certain provisions of the Loan Agreement and Amended
Loan.  Specifically, Raven alleged that we were in default because
of (a) our failure to timely make certain monthly payments under
the note owed to Raven, (b) our failure to repay certain required
overadvances due under the note, (c) our creation of indebtedness
to third parties without the approval of Raven, and (d) other
alleged defaults.  At the same time, Raven declared a total amount
of approximately $7.0 million immediately due and payable under the
note (representing principal, interest, default interest and late
charges).  We have not paid Raven the amounts owed to date and do
not have sufficient available cash available to make such payments.
Notwithstanding the above, Raven has not yet taken any action to
enforce their security interests which they hold over substantially
all of our assets (notwithstanding their option to do that at any
time), and we and Raven are currently in discussions regarding the
entry into a forbearance agreement.  In the event we are unable to
agree to terms of a forbearance agreement with Raven, we may be
forced to seek bankruptcy protection and/or Raven may enforce its
securities interest, foreclose on our assets and take control and
ownership of substantially all of our assets in order to satisfy
amounts owed to Raven, any of which could result in the value of
our securities becoming worthless and/or us ceasing operations,"
the Company states in the report.

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

                     http://is.gd/zh3NzK

                      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.


MINWIND ENERGY: Sells 4 Turbines to Dean Tofteland-Led Group
------------------------------------------------------------
David Shaffer at Star Tribune reports that four turbines of the
Minwind project near Luverne, Minnesota, have been sold for
$622,000 to a group of community investors led by farmer Dean
Tofteland in a deal that closed this month.

Star Tribune relats that seven turbines are approved for sale to
the wind farm's lender, First Farmers & Merchants National Bank of
Luverne, for $1.96 million in a non-cash deal expected to close
this year.

Star Tribune says that the sale ends a costly trip through
bankruptcy court.  The report states that more than 300 small
investors stand to lose all or most of their investment in Minwind.


MinWind Energy, LLC, is a rural Rock County, Minnesota wind energy
company.

Headquartered in Luverne, Minnesota, Minwind I, LLC, (Bankr. D.
Minn. Case No. 15-30015) and affiliates Minwind II, LLC (Bankr. D.
Minn. Case No. 15-30016), Minwind III, LLC (Bankr. D. Minn. Case
No. 15-30017), Minwind IV, LLC (Bankr. D. Minn. Case No. 15-30018),
Minwind V, LLC (Bankr. D. Minn. Case No. 15-30019), Minwind VI, LLC
(Bankr. D. Minn. Case No. 15-30020), Minwind VII, LLC (Bankr. D.
Minn. Case No. 15-30021), Minwind VIII, LLC (Bankr. D. Minn. Case
No. 15-30022), and Minwind IX, LLC (Bankr. D. Minn. Case No.
15-30023) filed separate Chapter 11 bankruptcy petitions on Jan. 6,
2015.  The petitions were signed by James Ouverson, authorized
representative.

Judge Kathleen H. Sanberg presides over these cases: Minwind I,
Minwind II, Minwind IV,  and Minwind IX.  Judge Katherine A.
Constantine presides over the Minwind III case.

David C. McLaughlin, Esq., at Fluegel Anderson McLaughlin & Brutlag
serves as the Debtors' bankruptcy counsel.

                                        Total        Total
                                        Assets    Liabilities
                                      ----------  -----------
Minwind I, LLC                        $133,694     $1.64MM
Minwind II, LLC                       $134,083     $1.81MM
Minwind III, LLC                      $223,217     $1.83MM
Minwind IV, LLC                       $906,895     $1.95MM
Minwind IX, LLC                       $915,662     $1.98MM


MISSION NEW ENERGY: All Resolutions Approved at Annual Meeting
--------------------------------------------------------------
At Mission NewEnergy Limited's annual general meeting held Nov. 25,
2015, all thee following resolutions put to the members were passed
on a show of hands:

   Resolution 1: Adoption of remuneration report

   Resolution 2: Re-election of Director - Mr. James Garton

   Resolution 3: Re-election of Director - Admiral (Retired) Tan
                 Sri Dato' Sri Mohd Anwar bin Haji Mohd Nor

   Resolution 4: Approval of 10% Placement Facility

                CEO's Statement at Annual Meeting

Thank you, Mr Chairman.

On behalf of my fellow directors of the company, I also bid you a
warm welcome to the 2015 Annual General Meeting of Mission
NewEnergy Limited.

The Annual report which was available to all shareholders a month
ago has most of the facts & figures of the year under review.  My
team and I would be delighted to answer any queries that you may
have on the contents of the report at the end of this address.

I would like to use this opportunity to update you on the status of
the company's operations and some of the initiatives that we will
be seeking to implement in the forthcoming months.

As you may be aware, your Board and the Company's Executive
Management team have been focussed on completing the restructure of
the group's operations that was initiated in early 2012.  The
restructure included the closure of unprofitable operations,
divestment of core assets, sale of redundant assets, settlement of
ongoing legal matters and settlement of the convertible note.

Some of the earlier initiatives were undertaken and completed prior
to 2015 and shareholders have been updated on these through market
announcements and annual reports of prior years.

2015 however has been a significant year where the restructure was
finally completed.  Material elements to this restructure achieved
in the 2015 fiscal year included;

  * the settlement of the Indonesian arbitration matter, resulting

    in over US$3 million being received, of which US$2m was
    utilized towards convertible note settlement,

  * the sale of our 250,000 tpa refinery for US$22.5 million.  As
    part of the refinery sale we re-invested a portion of the
    proceeds to retain a 20% stake in the refinery joint venture
    with Felda Global Ventures Holdings Berhad , the world's
    largest palm oil producer, and Benefuels a US based company
    with a ground breaking disruptive and patented technology
    process that will allow the refinery to be re-commissioned and

    operated using substantially lower cost feedstock.  The joint
    venture is in the final stages of a detailed engineering study

    which will determine the full anticipated cost of the retrofit

    and expected time frame for the retrofit to be completed and
    the refinery commissioned,

  * Full settlement of the convertible notes facility with a final

    payment of US$12 million, realising a net savings of around
    AS$7.6 million for the Company,

  * Amicable out of court settlement of the long-standing
    disagreement with the EPCC contractor of our 250,000 tpa
    refinery.

These initiatives have now left Mission with no debt, an equity
stake in a refinery and some cash to maintain operations and look
for new opportunities.

Your Board continues to look for new opportunities that are
achievable within cash constraints although new fund raising may be
required in due course to grow the business.

In closing, once again my heartfelt thanks to colleagues on the
Board for their invaluable guidance and my sincere appreciation to
Mission's dedicated employees who continue to contribute their best
during these times.  To all our investors, my gratitude for your
support over these challenging times.


Thank you.

                     About Mission NewEnergy

Based in Subiaco, Western Australia, Mission NewEnergy Limited is
a producer of biodiesel that integrates sustainable biodiesel
feedstock cultivation, biodiesel production and wholesale
biodiesel distribution focused on the government mandated markets
of the United States and Europe.

The Company is not operating its biodiesel refining segment.  The
refineries are being held in care and maintenance either awaiting
a return to positive operating conditions or the sale of assets.

The Company has materially diminished its Jatropha contract
farming operation and the company is now focused on divesting the
remaining Indian assets.  The Company intends to cease all Indian
operations.

Mission NewEnergy reported profit of $28.4 million on $7.27 million
of total revenue for the year ended June 30, 2015, compared to a
loss of $1.09 million on $9.68 million
of total revenue for the year ended June 30, 2014.

As of June 30, 2015, the Company had $12.6 million in total assets,
$5.85 million in total liabilities and $6.76 million in total
equity.

"Although we incurred an operating profit for the year ended June
30, 2015 of A$28.3 million (2014: A$1.1 million loss), we have a
history of net losses and there is a substantial doubt about our
ability to continue as a going concern," the Company states in its
annual report for the year ended June 30, 2015.


MMRGLOBAL INC: Reports $489,000 Net Loss for Third Quarter
----------------------------------------------------------
MMRGlobal, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $489,000
on $77,700 of total revenues for the three months ended Sept. 30,
2015, compared to net income of $1.92 million on $1.89 million of
total revenues for the same period last year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $1.92 million on $139,000 of total revenue compared to
a net loss of $1.15 million on $2.43 million of total revenues for
the same period a year ago.

As of Sept. 30, 2015, the Company had $1.93 million in total
assets, $10.1 million in total liabilities, all current, and a
total stockholders' deficit of $8.19 million.

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

                        http://is.gd/Cr43hG

                          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.


MONAKER GROUP: Amends Form 10-Q to Deconsolidate Former Unit
------------------------------------------------------------
Monaker Group, Inc., filed an amendment no.1 to its quarterly
report on Form 10-Q for the nine months ended Nov. 30, 2014, to
reflect and disclose the deconsolidation of the Company's former
subsidiary RealBiz Media Group, Inc. that was excluded from the
Original Filing and the resulting restatement of its financial
statements included in the Original Filing.

May 29, 2015, Monaker Group, Inc.'s management determined that the
Company's consolidated financial statements as of and for the three
and nine months ended Nov. 30, 2014, should be restated, and should
no longer be relied upon.  The restatement resulted from a
re-examination of the Company's ownership interest in Realbiz Media
Group, Inc.  Such re-examination resulted in the finding and
conclusion that although the composition of the board of directors
of each of the Company and Realbiz were substantially the same, the
Company no longer had control over the operating and financial
policies of Realbiz due to the Company's decreased ownership
interest in Realbiz.  The Company has been deemed to no longer have
controlling interest in its consolidated subsidiary during the
quarter ended Nov. 30, 2014, and is required to deconsolidate as of
that time requiring an amendment to, and restatement of, the
consolidated financial statements.  Accordingly, financial results
of Realbiz that had been consolidated with the financial results of
the Company, should be deconsolidated.

After Nov. 30, 2014, the Company is a standalone company focused
solely on media and marketing of travel, membership programs and
employment but still maintaining a non-controlling investment in
Realbiz.  Realbiz, the former consolidated subsidiary, is now a
standalone company focused exclusively on technology solutions for
the real estate industry.  When the Company originally made its
majority controlled investment in Realbiz in October 2012, it was
its intention to reduce its investment to the level that the two
companies would deconsolidate.

As restated, the Company's balance sheet at Nov. 30, 2014, showed
$7.59 million in total assets, $12.48 million in total liabilities
and a $4.88 million total stockholders' deficit.

The Company reported a restated net income of $3.99 million on
$310,341 of total revenues for the three months ended Nov. 30,
2014, as compared to a net loss of $2.49 million on $403,950 of
total revenues as reported.

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

                      http://is.gd/PM3Hdf

                      About Monaker Group

Monaker Group, Inc., formerly known as Next 1 Interactive, Inc., is
a digital media marketing company focusing on lifestyle enrichment
for consumers in the travel, home and employment sectors.  Core to
its marketing services are key elements including proprietary
video-centered technology and established partnerships that enhance
its reach.  Video is quickly becoming consumer's preferred method
of searching and educating themselves prior to purchases.
Monaker's video creation technology and film libraries combine to
create lifestyle video offerings that can be shared both to its
customers and through trusted distribution systems of its major
partners.  The end result is better engagement with consumers who
gain in-depth information on related products and services helping
to both inform and fulfill purchases.  Unlike traditional marketing
companies that simply charge for advertising creation, Monaker
holds licenses and/or expertise in the travel, real estate and
employment sectors allowing it to capture fees at the point of
purchase while the majority of transactions are handled by
Monaker's partners.  This should allow the company to capture
greater revenues while eliminating much of the typical overhead
associated with fulfillment.  Monaker core holdings include
Maupintour, NameYourFee.com, RealBiz Media Group - helping it to
deliver marketing solutions to consumers at home, work and play.

Next 1 Interactive reported a net loss of $50,500 on $1.1 million
of total revenue for the year ended Feb. 28, 2015, compared with a
net loss of $18.3 million on $1.5 million of total revenues for the
year ended Feb. 28, 2014.

D'Arelli Pruzansky, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Feb. 28, 2015, citing that the Company has incurred
an operating loss of $5.44 million and net cash used in operations
of $2.62 million for the year ended Feb. 28, 2015, and the Company
had an accumulated deficit of $86.1 million and a working capital
deficit of $12.8 million at Feb. 28, 2015.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


MONAKER GROUP: Swaps $1.3 Million Notes for Common Shares
---------------------------------------------------------
Monaker Group, Inc., entered into two exchange agreements in which
it exchanged an aggregate of $1,330,115 of the Company's
convertible promissory notes and accrued interest for an aggregate
of 532,046 shares of the Company's common stock (calculated at
$2.50 per share of Common Stock for the Notes).

The exchanged Notes consisted of the following: (i) $764,384 of
Notes were exchanged by Monaco Investment Partners II, LP for
305,754 shares of Common Stock; and (ii) $565,731 of Notes were
exchanged by the Donald P. Monaco Insurance Trust for 226,292
shares of Common Stock.  Donald P. Monaco, a member of the
Company's Board of Directors, is the managing general partner of
Monaco Investments and the trustee of the Trust.

                      About Monaker Group

Monaker Group, Inc., formerly known as Next 1 Interactive, Inc., is
a digital media marketing company focusing on lifestyle enrichment
for consumers in the travel, home and employment sectors.  Core to
its marketing services are key elements including proprietary
video-centered technology and established partnerships that enhance
its reach.  Video is quickly becoming consumer's preferred method
of searching and educating themselves prior to purchases.
Monaker's video creation technology and film libraries combine to
create lifestyle video offerings that can be shared both to its
customers and through trusted distribution systems of its major
partners.  The end result is better engagement with consumers who
gain in-depth information on related products and services helping
to both inform and fulfill purchases.  Unlike traditional marketing
companies that simply charge for advertising creation, Monaker
holds licenses and/or expertise in the travel, real estate and
employment sectors allowing it to capture fees at the point of
purchase while the majority of transactions are handled by
Monaker's partners.  This should allow the company to capture
greater revenues while eliminating much of the typical overhead
associated with fulfillment.  Monaker core holdings include
Maupintour, NameYourFee.com, RealBiz Media Group - helping it to
deliver marketing solutions to consumers at home, work and play.

Next 1 Interactive reported a net loss of $50,500 on $1.1 million
of total revenue for the year ended Feb. 28, 2015, compared with a
net loss of $18.3 million on $1.5 million of total revenues for the
year ended Feb. 28, 2014.

As of Aug. 31, 2015, the Company had $6.90 million in total assets,
$9.88 million in total liabilities and a $2.98 million total
stockholders' deficit.

D'Arelli Pruzansky, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Feb. 28, 2015, citing that the Company has incurred
an operating loss of $5.44 million and net cash used in operations
of $2.62 million for the year ended Feb. 28, 2015, and the Company
had an accumulated deficit of $86.1 million and a working capital
deficit of $12.8 million at Feb. 28, 2015.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


MOTORS LIQUIDATION: Administrator Files 2016 Admin. Costs Budget
----------------------------------------------------------------
Pursuant to the Second Amended and Restated Motors Liquidation
Company GUC Trust Agreement dated as of July 30, 2015, and between
the parties thereto, and that certain Order Authorizing the GUC
Trust Administrator to Liquidate New GM Securities for the Purpose
of Funding Fees, Costs and Expenses of the GUC Trust and the
Avoidance Action Trust, dated March 8, 2012, issued by the
Bankruptcy Court for the Southern District of New York, Wilmington
Trust Company, in its capacity as trust administrator and trustee
of the Motors Liquidation Company GUC Trust is required to provide
on an annual basis the projected budgets for certain categories of
expenses, other than Reporting and Transfer Costs, to FTI
Consulting, Inc., in its capacity as the trust monitor of the GUC
Trust, to the DIP Lenders, and to certain additional parties
specified in the First Liquidation Order.  

A copy of the MLC GUC Trust 2016 (Calendar Year) Administrative
Costs Budget is available at http://is.gd/LFCy2V

                      About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On
the Dissolution Date, pursuant to the Plan and the Motors
Liquidation Company GUC Trust Agreement, dated March 30, 2011,
between the parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.

As of June 30, 2015, Motors Liquidation had $860 million in total
assets, $74 million in total liabilities and $786 million in net
assets in liquidation.


MOTORS LIQUIDATION: One-Year Extension of GUC Trust Sought
----------------------------------------------------------
In accordance with the GUC Trust Agreement and Motors Liquidation
Company's Second Amended Joint Chapter 11 Plan dated as of March
18, 2011, Wilmington Trust Company, in its capacity as trust
administrator and trustee, filed a motion with the Bankruptcy Court
seeking an order (i) authorizing the reallocation and use of
distributable cash held by the GUC Trust to fund anticipated
administrative and reporting fees, costs and expenses of the GUC
Trust, and (ii) extending the duration of the GUC Trust for an
additional 12 months or through and including March 31, 2017.

                     About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On
the Dissolution Date, pursuant to the Plan and the Motors
Liquidation Company GUC Trust Agreement, dated March 30, 2011,
between the parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.

As of June 30, 2015, Motors Liquidation had $860 million in total
assets, $74 million in total liabilities and $786 million in net
assets in liquidation.


MUSCLEPHARM CORP: To Explore Sale of BioZone Unit's Business
------------------------------------------------------------
MusclePharm Corporation has previously retained an investment
banker to explore the sale of all or substantially all of the
assets of its BioZone Laboratories Inc. subsidiary.

BioZone is a developer, manufacturer, and marketer of
over-the-counter drugs and preparations, cosmetics, and nutritional
supplements.  BioZone also develops novel drug delivery platforms,
including its QuSome technology.

"We remain committed to acting in the best interests of our
shareholders and further maximizing shareholder value," said Ryan
Drexler, executive chairman of the Board.  "At the end of the day,
we are a sales and marketing company, and that is where we want to
focus.  As a result, we are going to concentrate on our core
competencies while leaving other aspects of the business to
strategic partners or outside parties who can bring more expertise
to those areas than us."

As part of this process, MusclePharm has retained investment bank
Canaccord Genuity Inc. to advise the Board of Directors and
management with respect to a sale.  The Company said there can be
no assurance that its evaluation process will result in any
transaction or that any transaction, if pursued, will be
consummated.

MusclePharm, through a Nevada subsidiary, BioZone Laboratories,
acquired substantially all of the assets of BioZone Pharmaceuticals
Inc., a California company, and its subsidiaries, in January 2014.
The transaction included all assets associated with BioZone's
QuSomes, HyperSorb and EquaSome technologies; BioZone's
Baker-Cummins line of products; and, the name "BioZone". BioZone's
patented QuSomes technology enhances the absorption of topical and
other drugs.

                          About MusclePharm

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

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

As of Sept. 30, 2015, the Company had $62.24 million in total
assets, $67.79 million in total liabilities and a $5.54 million
total stockholders' deficit.


N-VIRO INTERNATIONAL: Delays Third Quarter Form 10-Q
----------------------------------------------------
N-Viro International Corporation filed with the U.S. Securities and
Exchange Commission a Notification of Late Filing on Form 12b-25
with respect to its quarterly report on Form 10-Q for the quarter
ended Sept. 30, 2015.  N-Viro said it was unable to complete the
preparation of the financial statement within the required time
period without unreasonable effort or expense, due to delays in
gathering and the review of financial information needed to
complete the preparation and inclusion of the required financial
statement.

                   About N-Viro International

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

N-Viro International reported a net loss of $1.76 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.


N-VIRO INTERNATIONAL: Incurs $488K Net Loss in Third Quarter
------------------------------------------------------------
N-Viro International Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $488,000 on $280,000 of revenues for the three months
ended Sept. 30, 2015, compared to a net loss of $487,000 on
$322,000 of revenues for the same period during the prior year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $1.51 million on $955,000 of revenues compared to a net
loss of $1.30 million on $1.01 million of revenues for the same
period a year ago.

As of Sept. 30, 2015, the Company had $1.21 million in total
assets, $2.40 million in total liabilities and a $1.18 million
total stockholders' deficit.

The Company had a working capital deficit of $1.83 million at Sept.
30, 2015, compared to a working capital deficit of $938,000 at Dec.
31, 2014, resulting in a decrease in working capital of $895,000.
Current assets at Sept. 30, 2015, included cash of $25,000, which
is a decrease of $122,000 from Dec. 31, 2014, which included cash
equivalents.  The net negative change of $895,000 in working
capital from Dec. 31, 2014, was primarily from a $510,000 increase
in the change in short-term liabilities over assets, a decrease of
$519,000 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 $44,000 in
notes payable to related parties.

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

                     http://is.gd/Qktsnh

                  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.


NEPHROS INC: Announces Offer to Exercise 2011 Warrants
------------------------------------------------------
Nephros, Inc. announced the commencement of an offer to holders of
certain warrants the opportunity to exercise their warrants at a
temporarily reduced cash exercise price of $0.20 per share of
common stock.

The warrants subject to the Offer to Exercise are the outstanding
2011 warrants to purchase an aggregate of 5,008,689 shares of
Nephros common stock at an exercise price of $0.40 per share,
issued on March 10, 2011, to investors participating in the
Company's 2011 rights offering and issued on March 10, 2011, to
Lambda Investors LLC in connection with a private placement
financing transaction.  The Company is modifying the 2011 warrants
to reduce the exercise price from $0.40 per share of common stock
to $0.20 per share of common stock, for the period that begins on
Nov. 20, 2015, the date the offer will commence, and ends at 12:00
midnight (Eastern Time) on the evening of Dec. 18, 2015, or such
later date to which the Company extends the offer in its sole
discretion.

Each 2011 warrant represents the right to purchase 0.04622664225
shares of Nephros common stock, and the temporarily reduced
exercise price of $0.20 is a per share exercise price.  Therefore,
the number of shares that may be purchased upon exercise of any
2011 warrant will be determined by multiplying the number of 2011
warrants that a holder exercises by 0.04622664225 and rounding
down, and the exercise price that such holder will need to pay is
such number of shares multiplied by $0.20. Nephros will not issue
any fractional shares upon exercise of 2011 warrants.

Existing 2011 warrants must be tendered, along with the appropriate
exercise price, prior to the expiration of the offer in order to
participate.  Tenders of existing 2011 warrants may be withdrawn at
any time on or prior to the expiration of the offer or after Jan.
20, 2016, which is the 40th business day from commencement of the
offer, if Nephros has not accepted the tendered 2011 warrants prior
to that date.  Withdrawn 2011 warrants will be returned to the
holder in accordance with the terms of the offer.  Upon termination
of the offer, the original terms of the warrants will be
reinstituted with an exercise price of $0.40 per share.

Nephros established the temporarily reduced exercise price of $0.20
per share in order to encourage the exercise of a substantial
number of the 2011 warrants.  Nephros believes that it and its
stockholders will benefit from raising additional capital to
further develop its products and to fund its working capital and
general corporate needs.  In addition, Nephros entered into an
agreement with Lambda Investors LLC on Sept. 29, 2015, pursuant to
which Nephros agreed to offer to holders of 2011 Warrants the
temporary opportunity to exercise their warrants at an exercise
price equal to 50% of the current exercise price of such warrants.
The offer is being made to fulfill the obligation of Nephros under
that agreement.

Completion of the offer is subject to certain conditions, including
that Nephros has in place an effective registration statement under
the Securities Act of 1933, as amended, for the purpose of
registering the exercise of certain 2011 warrants at the reduced
cash exercise price of $0.20 per share and the shares issuable upon
such exercise having been registered or qualified or deemed to be
exempt from registration under the securities laws of the state of
residence of the holder of the warrant.

The 2011 warrants that are held by Lambda Investors LLC may be
deemed beneficially owned by Wexford Capital LP, which is the
managing member of Lambda Investors LLC.  Arthur H. Amron, a
director of Nephros, is a partner and general counsel of Wexford
Capital. Paul A. Mieyal, a director of Nephros and the former
acting president, acting chief executive officer and acting chief
financial officer until April 15, 2015, is a vice president of
Wexford Capital.  Lambda Investors LLC is eligible to participate
in the offer on the same terms and conditions as the other holders
of the 2011 warrants.  The Company believes that Lambda Investors
LLC intends to exercise all of its 2011 Warrants at the reduced
cash exercise during the offer, but no formal agreement or
arrangement exists that would require Lambda Investors LLC to do
so.

The Offer to Exercise and related documentation and will be
distributed to holders of the warrants on or about Nov. 20, 2015,
and will contain important information about the terms and
conditions of the offer.  A copy of the offering documents may be
obtained from Morrow & Co., LLC, the Information Agent for the
offering. Holders, banks and brokerage firms may call Morrow at
800-662-5200. Morrow may also be contacted by e-mail at
nephros.info@morrowco.com.  For questions or assistance, please
contact Continental Stock Transfer & Trust Company, which is acting
as Depositary Agent for the offer.  The Depositary Agent may be
reached by contacting the Reorganization Department at
917-262-2378.

                         About Nephros

River Edge, N.J.-based Nephros, Inc., is a commercial stage
medical device company that develops and sells high performance
liquid purification filters.  Its filters, which it calls
ultrafilters, are primarily used in dialysis centers and
healthcare facilities for the production of ultrapure water and
bicarbonate.

Nephros reported a net loss of $7.37 million on $1.74 million of
total net revenues for the year ended Dec. 31, 2014, compared to
net income of $1.32 million on $1.74 million of total net revenues
for the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $3.4 million in total assets,
$9.3 million in total liabilities and a stockholders' deficit of
$5.9 million.

Withum Smith+Brown PC, in Morristown, 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
negative cash flow from operations and recurring net losses since
inception.  These conditions, among others, raise substantial doubt
about its ability to continue as a going concern.


NET ELEMENT: Kenges Rakishev Reports 23.9% Stake as of Oct. 7
-------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Kenges Rakishev disclosed that as of Oct. 7, 2015, he
beneficially owns 21,963,549 shares of common stock of Net Element,
Inc., representing 23.9 percent of the shares outstanding.  A copy
of the regulatory filing is available at:

                         http://is.gd/9hrA6R

                         About Net Element

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

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

As of June 30, 2015, the Company had $25.8 million in total assets,
$14.5 million in total liabilities, and total stockholders' equity
of $11.2 million.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification in its report on the consolidated financial
statements for the year ended Dec. 31, 2014.  The accounting firm
said that the Company has suffered recurring losses from operations
and has used substantial amounts of cash to fund its operating
activities that raise substantial doubt about its ability to
continue as a going concern.


NET ELEMENT: Reports Third Quarter 2015 Results
-----------------------------------------------
Net Element, Inc., reported financial results for its quarter ended
Sept. 30, 2015.

"We're pleased to continue to demonstrate solid revenue growth in
the United States and selected emerging markets," commented Oleg
Firer, CEO.  "We remain focused on product innovation and advancing
our platform to bring even more value to our growing client base,
which will contribute to our continued growth."

In an effort to present a more comparative period on period
analysis, we have adjusted net loss to remove the effects of
non-cash share based compensation, gains & losses from non-cash
debt activities (including extinguishment) and derivative
activity.

The Company reported an adjusted net loss of $2,931,704, or $0.04
per share for the three months ended September 30, 2015 as compared
to an adjusted net loss of $2,225,498, or $0.06 per share, for the
three months ended Sept. 30, 2014.  This resulted in a net loss
increase of $706,206.

Net revenues consist primarily of payment processing fees.  Net
revenues were $12,675,123 for the three months ended Sept. 30,
2015, as compared to $6,026,961 for the three months ended
Sept. 30, 2014.  The increase in net revenues is primarily a result
of previous quarter purchases of portfolios and organic net
increases in merchants. In addition, we consolidated online
payments revenue for PayOnline and began reporting mobile commerce
revenues for branded content.

Gross margin for the three months ended Sept. 30, 2015, was
$1,969,796 as compared to $1,309,106 for the three months ended
Sept. 30, 2014.  The year over year increase in gross margin of
$660,690 is primarily a result of increases in US Transaction
Processing of $535,783 and $595,630 resulting from PayOnline
operations (Acquired May 20, 2015).  This was offset by a decrease
in mobile gross margin of $470,723 resulting primarily from penalty
recoveries in 2014 that decreased mobile cost of sales.

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

                         http://is.gd/aUXwDJ

                              Form 10-Q

Net Element, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common stock of $5.13 million on $12.7 million of
net revenues for the three months ended Sept. 30, 2015, compared to
a net loss attributable to common stock of $4.96 million on $6.02
million of net revenues for the same period during the prior year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss attributable to common stock of $9.66 million on $25.12
million of net revenues compared to a net loss attributable to
common stock of $7.20 million on $15.8 million of net revenues for
the same period a year ago.

As of Sept. 30, 2015, the Company had $26.2 million in total
assets, $17.03 million in total liabilities, and $9.14 million in
total stockholders' equity.

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

                        http://is.gd/IG6ztu

                          About Net Element

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

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

As of Sept. 30, 2015, the Company had $26.17 million in total
assets, $17.03 million in total liabilities, and $9.14 million in
total stockholders' equity.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification in its report on the consolidated financial
statements for the year ended Dec. 31, 2014.  The accounting firm
said that the Company has suffered recurring losses from operations
and has used substantial amounts of cash to fund its operating
activities that raise substantial doubt about its ability to
continue as a going concern.


NET ELEMENT: Shareholders OK Reverse Common Stock Split
-------------------------------------------------------
Net Element, Inc., held its special meeting of shareholders on Nov.
14, 2015, at which the shareholders:

  (a) approved an amendment to the Company's Amended and Restated
      Certificate of Incorporation to effectuate a reverse split
      of the Company's issued and outstanding shares of Common
      Stock at a ratio of between 1-for-10 and 1-for-30,
      inclusive, which ratio will be selected at the sole
      discretion of the Company's Board of Directors;

  (b) approved the issuance by the Company of restricted shares of
      Common Stock issuable pursuant to the terms of that certain
      letter agreement, dated Sept. 11, 2015, to certain
      accredited investors (including certain of the Company's
      directors and officers), and restricted shares of Common
      Stock issuable upon the exercise of certain options to
      purchase such shares, for purposes of NASDAQ Listing Rule
      5635; and

  (c) authorized the adjournment of the Special Meeting, if
      necessary to solicit additional proxies, in the event that
      there are not sufficient votes at the time of the Special
      Meeting to approve any of the foregoing proposals.

                        About Net Element

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

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

As of June 30, 2015, the Company had $25.8 million in total assets,
$14.5 million in total liabilities, and total stockholders' equity
of $11.2 million.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification in its report on the consolidated financial
statements for the year ended Dec. 31, 2014.  The accounting firm
said that the Company has suffered recurring losses from operations
and has used substantial amounts of cash to fund its operating
activities that raise substantial doubt about its ability to
continue as a going concern.


NET ELEMENT: To Seek Extension of Nasdaq Compliance Period
----------------------------------------------------------
Net Element, Inc., disclosed that it is in the process of obtaining
an extension to the previously reported period within which the
Company would be required to achieve compliance with the Nasdaq's
minimum bid price requirement.  Accordingly, the date when the
reverse stock split will be effectuated will be determined by the
Company's board of directors at a later date.

                          About Net Element

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

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

As of June 30, 2015, the Company had $25.8 million in total assets,
$14.5 million in total liabilities, and total stockholders' equity
of $11.2 million.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification in its report on the consolidated financial
statements for the year ended Dec. 31, 2014.  The accounting firm
said that the Company has suffered recurring losses from operations
and has used substantial amounts of cash to fund its operating
activities that raise substantial doubt about its ability to
continue as a going concern.


NET TALK.COM: Incurs $651,000 Net Loss in Third Quarter
-------------------------------------------------------
Net Talk.com, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $651,000 on $986,000 of net revenues for the three months ended
Sept. 30, 2015, compared to a net loss of $682,000 on $1.21 million
of net revenues for the same period a year ago.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $2.22 million on $3.25 million of net revenues compared
to a net loss of $1.67 million on $3.66 million of net revenues for
the same period during the prior year.

As of Sept. 30, 2015, the Company had $3.29 million in total
assets, $14.1 million in total liabilities and a $10.8 million
total stockholders' deficit.

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

                      http://is.gd/8xAoKY

                          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.

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.


NEWLEAD HOLDINGS: Clarifies Press Release on $44.8MM Settlement
---------------------------------------------------------------
NewLead Holdings Ltd. disclosed that the previously announced
completion of a referenced $44.8 million balance sheet enhancement
program with Magna Group Partners Limited and Hanover Holdings I,
LLC, was the satisfaction of the Company's obligations under the
$44.8 million court ordered settlement agreement with MGP and
Hanover, all as more fully described in NewLead's current reports
on Form 6-K, as initially filed on Dec. 2, 2013, and through June
30, 2014, with respect to such Order dated Dec. 2, 2013.  The Order
was in accordance with a stipulation of settlement among NewLead,
MGP and Hanover, in the matter entitled Hanover Holdings I, LLC v.
NewLead Holdings Ltd., Case No. 160776/2013.  Hanover commenced the
Action against the Company on Nov. 19, 2013, to recover an
aggregate of $44,822,523 of past-due indebtedness of the Company
which Hanover had purchased (and validly assigned to MGP) from
certain creditors of the Company.

The Order provided for the full and final settlement of the Action,
which would be deemed satisfied upon the issuance of common shares
as settlement shares until MGP received aggregate cash proceeds
from the resale of such settlement shares equal to the sum of
approximately $61.6 million, representing 137.5% of the total
amount of the Action, plus certain additional "true-up" shares
pursuant to a formula set forth in the Settlement Agreement.  To
satisfy its obligations under the Settlement Agreement, NewLead
issued an aggregate of 768,753 common shares (adjusted to give
effect to the 1-for-10, 1-for-50 and 1-for-50 reverse stock splits,
effective March 6, 2014, May 15, 2014 and July 15, 2014,
respectively) or approximately 19.2 billion shares not giving
effect to the reverse splits.

                    About NewLead Holdings Ltd.

Based in Athina, Greece, NewLead Holdings Ltd. --
http://www.newleadholdings.com/-- is an international, vertically
integrated shipping company that owns and manages product tankers
and dry bulk vessels.  NewLead currently controls 22 vessels,
including six double-hull product tankers and 16 dry bulk vessels
of which two are newbuildings.  NewLead's common shares are traded
under the symbol "NEWL" on the NASDAQ Global Select Market.

Newlead reported a net loss attributable to the Company's
shareholders of $100 million on $12.6 million of revenues for the
year ended Dec. 31, 2014, compared to a net loss attributable to
the Company's shareholders of $158 million on $7.34 million of
revenues for the year ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $190 million in total assets,
$300 million in total liabilities, and a $110 million total
shareholders' deficit.

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has incurred
a net loss, has negative cash flows from operations, negative
working capital, an accumulated deficit and has defaulted under its
credit facility agreements resulting in all of its debt being
reclassified to current liabilities all of which raise substantial
doubt about its ability to continue as a going concern.


OMNICOMM SYSTEMS: Cornelis Wit Holds 51.5% Stake as of Nov. 19
--------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Cornelis F. Wit disclosed that as of Nov. 19, 2015, he
beneficially owns 84,968,050 shares of common stock of Omnicomm
Systems, Inc. representing 51.5 percent of the shares outstanding.
Such amount of shares includes:

  (i) 49,828,050 shares of common stock;

(ii) 20,990,000 shares issuable upon exercise of currently
      exercisable common stock purchase warrants; and

(iii) 14,150,000 shares issuable upon conversion of Convertible
      Debentures.

A copy of the regulatory filing is available for free at:

                      http://is.gd/Br3qYC

                    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.

As of Sept. 30, 2015, the Company had $6.79 million in total
assets, $37.90 million in total liabilities and a total
shareholders' deficit of $31.11 million.

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.


OMNICOMM SYSTEMS: Cornelis Wit Reports 48.7% Stake as of Nov. 23
----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Cornelis F. Wit disclosed that as of Nov. 23, 2015, he
beneficially owns 75,968,050 shares of common stock of Omnicomm
Systems, Inc. representing 48.7 percent of the shares outstanding.
A copy of the regulatory filing is available at:

                         http://is.gd/q7D0LO

                        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.

As of Sept. 30, 2015, the Company had $6.79 million in total
assets, $37.90 million in total liabilities and a total
shareholders' deficit of $31.11 million.

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.


OMNICOMM SYSTEMS: Issues 37 Million Shares to Cornelis Wit
----------------------------------------------------------
OmniComm Systems, Inc., issued 7,660,000 shares of common stock to
Cornelis F. Wit, the chief executive officer and director of the
Company, upon conversion of an aggregate principal amount of
$1,915,000 convertible debentures at a conversion price of $.25 per
share.

On Nov. 19, 2015, the Company issued 29,363,517 shares of common
stock to Mr. Wit in exchange for the (1) satisfaction in full of an
aggregate principal amount of $7,339,000 promissory notes and a
convertible debenture, and (2) cancellation and termination of
warrants exercisable into an aggregate amount of 29,363,517 shares
of the Company's common stock at an exercise price of $.25 per
share.

                      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.

As of Sept. 30, 2015, the Company had $6.79 million in total
assets, $37.90 million in total liabilities and a total
shareholders' deficit of $31.11 million.

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.


OW BUNKER: Ch. 11 Cases Reassigned to Judge Julie A. Manning
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Connecticut
reassigned the Chapter 11 cases of O.W. Bunker Holding North
America Inc., et al., to Judge Julie A. Manning.

OW Bunker AS is a global marine fuel (bunker) company founded in
Denmark.  The company declared bankruptcy on Nov. 7, 2014,
following its admission that it had lost US$275 million through a
combination of fraud committed by senior executives at its
Singaporean unit.

The Danish company placed its U.S. subsidiaries -- O.W. Bunker
Holding North America Inc., O.W. Bunker North America Inc. and
O.W. Bunker USA Inc. -- in Chapter 11 bankruptcy (Bankr. D. Conn.
Case Nos. 14-51720 to 14-51722) in Bridgeport, Conn., on Nov. 13,
2014.

The U.S. cases are assigned to Judge Alan H.W. Shiff.  The U.S.
Debtors have tapped Patrick M. Birney, Esq., and Michael R.
Enright, Esq., at Robinson & Cole LLP, as counsel.   McCracken,
Walker & Rhoads LLP is serving as co-counsel.  Alvarez & Marsal is
the financial advisor.ne fuel (bunker) company founded in
Denmark.  The company declared bankruptcy on Nov. 7, 2014,
following its admission that it had lost US$275 million through a
combination of fraud committed by senior executives at its
Singaporean unit.

The Danish company placed its U.S. subsidiaries -- O.W. Bunker
Holding North America Inc., O.W. Bunker North America Inc. and
O.W. Bunker USA Inc. -- in Chapter 11 bankruptcy (Bankr. D. Conn.
Case Nos. 14-51720 to 14-51722) in Bridgeport, Conn., on Nov. 13,
2014.

The U.S. Debtors have tapped Patrick M. Birney, Esq., and Michael
R. Enright, Esq., at Robinson & Cole LLP, as counsel.   McCracken,
Walker & Rhoads LLP is serving as co-counsel.  Alvarez & Marsal is
the financial advisor.


OW BUNKER: Inks Deal with ING Bank, Withdraws Venue Transfer Bid
----------------------------------------------------------------
O.W. Bunker Holding North America Inc., et al., seek permission
from the U.S. Bankruptcy Court for the District of Connecticut to
withdraw their motion for transfer of venue of cases to the U.S.
Bankruptcy Court for the Southern District of New York.

On Dec. 24, 2014, the Debtors and the Official Committee of
Unsecured Creditors filed the venue transfer motion.  On Jan. 2,
2015, NuStar Energy Services, Inc. and NuStar Supply and Trading
LLC objected to the joint motion.

According to the Debtors, the Committee, they had reached a
settlement with ING Bank pursuant to which the Debtors will file a
bankruptcy plan.  The proposed plan would essentially supersede the
Venue Transfer Motion.  The Committee and ING Bank have expressed
approval for withdrawing the venue transfer motion.  NuStar has not
responded with its position on withdrawing the venue transfer
motion.

                    About O.W. Bunker

OW Bunker AS is a global marine fuel (bunker) company founded in
Denmark.  The company declared bankruptcy on Nov. 7, 2014,
following its admission that it had lost US$275 million through a
combination of fraud committed by senior executives at its
Singaporean unit.

The Danish company placed its U.S. subsidiaries -- O.W. Bunker
Holding North America Inc., O.W. Bunker North America Inc. and
O.W. Bunker USA Inc. -- in Chapter 11 bankruptcy (Bankr. D. Conn.
Case Nos. 14-51720 to 14-51722) in Bridgeport, Conn., on Nov. 13,
2014.

The U.S. cases are assigned to Judge Alan H.W. Shiff.  The U.S.
Debtors have tapped Patrick M. Birney, Esq., and Michael R.
Enright, Esq., at Robinson & Cole LLP, as counsel.   McCracken,
Walker & Rhoads LLP is serving as co-counsel.  Alvarez & Marsal is
the financial advisor.ne fuel (bunker) company founded in
Denmark.  The company declared bankruptcy on Nov. 7, 2014,
following its admission that it had lost US$275 million through a
combination of fraud committed by senior executives at its
Singaporean unit.

The Danish company placed its U.S. subsidiaries -- O.W. Bunker
Holding North America Inc., O.W. Bunker North America Inc. and
O.W. Bunker USA Inc. -- in Chapter 11 bankruptcy (Bankr. D. Conn.
Case Nos. 14-51720 to 14-51722) in Bridgeport, Conn., on Nov. 13,
2014.

The U.S. cases are assigned to Judge Alan H.W. Shiff.  The U.S.
Debtors have tapped Patrick M. Birney, Esq., and Michael R.
Enright, Esq., at Robinson & Cole LLP, as counsel.   McCracken,
Walker & Rhoads LLP is serving as co-counsel.  Alvarez & Marsal is
the financial advisor.


OXYSURE SYSTEMS: Incurs $1.38 Million Net Loss in Third Quarter
---------------------------------------------------------------
Oxysure Systems, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.38 million on $1.13 million of net revenues for the three
months ended Sept. 30, 2015, compared to a net loss of $462,000 on
$818,000 of net revenues for the same period a year ago.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $3.97 million on $2.80 million of net revenues compared
to a net loss of $1.15 million on $1.85 million of net revenues for
the same period last year.

As of Sept. 30, 2015, the Company had $4.42 million in total
assets, $2.24 million in total liabilities and $2.18 million in
total stockholders' equity.

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

                       http://is.gd/Zs4yzx

                      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.

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.


PACIFIC RECYCLING: David Denecke Approved as Special Counsel
------------------------------------------------------------
The Hon. Frank R. Alley of the U.S. Bankruptcy Court for the
District of Oregon authorized Pacific Recycling, Inc., to employ
David Denecke as special counsel nunc pro tunc Aug. 27, 2015.

Mr. Denecke is expected to assist the Debtor in all matters arising
in or related to the proceeding as of the Petition Date.  The
Debtor is authorized to pay a reasonable fee for his services upon
application and order of the Court.

                      About Pacific Recycling

Pacific Recycling, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D. Ore. Case No. 15-62925) on Aug. 27, 2015.  The petition
was signed by Rodney Schultz as president.  The Debtor disclosed
total assets of $5,996,665 and total liabilities of $21,718,414.
Hon. Frank R. Alley III is assigned to the case.  Cable Huston LLP
represents the Debtor as counsel.

The U.S. Trustee for Region 18 appointed four creditors of Pacific
Recycling Inc. to serve on the official committee of unsecured
creditors.


PACIFIC RECYCLING: Resolve Objections to Stan Levers Hiring
-----------------------------------------------------------
Pacific Recycling, Inc., in support of its application to employ
Stan Levers as Chapter 11 consultant, tells the U.S. Bankruptcy
Court for the District of Oregon that it has made certain changes
to the employment agreement with Mr. Levers to address concerns
raised in objections filed with the Court and comments received
from the U.S. Trustee.

The changes include:

   1. Mr. Levers will not be employed by PAC Recycling, LLC, or
receive compensation from PAC Recycling, LLC;

   2. The total compensation to Mr. Levers does not exceed $300 per
hour; and

   3. Language has been added to clarify that any compensation or
reimbursement of expenses is subject to the approval of the
Bankruptcy Code.

GE Government Finance, Inc., in a limited objection to the Debtor's
application to employ Stan Levers, noted that among other things, a
portion of the proposed compensation structure for Stan Levers
involved payment of a percentage fee from asset sales.  Banner
Bank, on a precautionary basis, joined in the GE's limited
opposition.

According to the Debtor's employment application, GE Governent
Finance, one of the major creditors, asked the Debtor to employ a
consultant to assist in evaluation of the feasibility of a Plan of
Reorganization and explore opportunities for a sale under Section
363 of the Bankruptcy Code.  The Debtor met with Clyde Hamstreet
and spoke with other consultants and concluded that Mr. Levers was
the best fit for the Debtor.

Mr. Levers will:

   a. act as the Debtor's representative in communications with the
Court and key creditors;

   b. oversee matters pertaining to the Chapter 11 bankruptcy; and

   c. conduct a detailed financial review of the Debtor's current
obligations and determine feasibility of reorganization, including
preparation of detailed, substantiated financial projections.

The Debtor has agreed to compensate Levers on an hourly basis.  Mr.
Levers has agreed to a reduced hourly rate for the engagement. Mr.
Levers customarily charges $250 per hour, but has agreed that his
biling rate will be $150 per hour.

In addition to the hourly compensation, Mr. Levers will receive a
commission or fee of 1.5% on any asset sales that occur during his
employment.

To the best of the Debtor's knowledge, Mr. Levers has no interest
materially adverse to the interest of the estate or of any class of
creditors or equity security holders.

                      About Pacific Recycling

Pacific Recycling, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D. Ore. Case No. 15-62925) on Aug. 27, 2015.  The petition
was signed by Rodney Schultz as president.  The Debtor disclosed
total assets of $5,996,665 and total liabilities of $21,718,414.
Hon. Frank R. Alley III is assigned to the case.  Cable Huston LLP
represents the Debtor as counsel.

The U.S. Trustee for Region 18 appointed four creditors of Pacific
Recycling Inc. to serve on the official committee of unsecured
creditors.


PERPETUAL ENERGY: Moody's Affirms Caa1 Corporate Family Rating
--------------------------------------------------------------
Moody's Investor's Services affirmed Perpetual Energy Inc.'s Caa1
Corporate Family Rating and Caa1-PD Probability of Default Rating
and changed the outlook to negative from stable. Moody's also
downgraded Perpetual's senior unsecured notes to Caa2 from Caa1.
The Speculative Grade Liquidity Rating of SGL-4 remains unchanged.

On November 20, 2015, Perpetual announced a recapitalization plan.
In the plan, Perpetual will receive C$25 million in an equity
rights offering, convert its C$34.9 million debenture into equity,
put in place a C$20 million revolver, raise C$21.3 million by
securing Tourmaline shares and decrease the margin loan to C$42
million.

The senior unsecured notes were downgraded because the $34 million
of debentures are being settled with shares, which eliminates the
cushion the lower ranking debentures provided to the senior
unsecured notes.

"The negative outlook reflects the depletion of Perpetual's
alternate sources of liquidity over the next year as it funds
negative free cash flow and repays debt maturities," said Paresh
Chari, Moody's Analyst. "The weak commodity price environment and
weak liquidity makes Perpetual reliant on refinancing a significant
maturity in early 2018, which will be difficult."

Downgrades:

Issuer: Perpetual Energy Inc.

-- Senior Unsecured Regular Bond/Debenture, Downgraded to
Caa2(LGD4) from
    Caa1(LGD4)

Outlook Actions:

Issuer: Perpetual Energy Inc.

-- Outlook, Changed To Negative From Stable

Affirmations:

Issuer: Perpetual Energy Inc.

-- Corporate Family Rating, Affirmed Caa1

-- Probability of Default Rating, Affirmed Caa1-PD

RATING RATIONALE

Perpetual's Caa1 Corporate Family Rating (CFR) is driven by
continuing negative free cash flow and about C$83 million upcoming
maturities in 2016 that will deplete its alternate sources of
liquidity, namely its Tourmaline shares. The rating also recognizes
the low cash margins driven by a high percentage of gas and
consequent very weak leveraged full-cycle ratio, and weak retained
cash flow to debt and interest coverage. The rating favorably
identifies Perpetual's sizeable production and reserves base.

Under Moody's Loss Given Default Methodology the C$150 million and
C$125 million senior unsecured notes are rated Caa2, one notch
below the CFR, due to the amount priority ranking debt of the C$20
million secured revolver, C$42 million secured margin loan and C$21
million Tourmaline secured share financing.

The SGL-4 Speculative Grade Liquidity Rating reflects weak
liquidity through 2016. Pro forma for the recapitalization,
Perpetual will have about C$40 million of cash as we expect the
company to fully draw down on its C$20 million revolver. We expect
Perpetual will use cash and sell Tourmaline shares (C$175 million
at November 10, 2015) to fund expected negative free cash flow of
C$30 million through 2016, and repay the C$20 million revolver,
C$42 million and C$21 million Tourmaline secured share financing
that are due in Q4 2016. After funding the maturities and negative
free cash flow in 2016 we expect Perpetual will have about C$75
million of Tourmaline shares left. Perpetual's senior unsecured
notes are due in 2018 and 2019.

The negative rating outlook reflects our view that Perpetual's
alternate sources of liquidity will deplete materially over the
next year and that its production and reserves base will also
decline.

The rating could be downgraded if liquidity deteriorates,
principally via a fall in the Tourmaline share price or if there is
an increased likelihood that Perpetual won't be able to repay
and/or refinance its upcoming maturities in 2018 and 2019.

The rating could be upgraded if liquidity improves and we develop
confidence that the major debt maturities in 2018 and 2019 can be
repaid and/or refinanced, which would most likely be based on
retained cash flow to debt that can be maintained above 10% with
the company growing production and reserves.

Perpetual is a public Calgary, Alberta-based independent
exploration and production company with average daily production
(net of royalties) of about 18,000 barrels of oil equivalent per
day.


PLANDAI BIOTECHNOLOGY: Needs More Time to File Q3 Form 10-Q
-----------------------------------------------------------
Plandai Biotechnology, 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 Sept. 30, 2015.   

The Company said it has experienced a delay in completing the
necessary disclosures and finalizing its financial statements with
its independent public accountant.  As a result of this delay, the
Company was unable to file its Quarterly Report by the prescribed
filing date of Nov. 16, 2015, without unreasonable effort or
expense.

                          About Plandai

Based in Goodyear, Arizona, Plandai Biotechnology, Inc., through
its recent acquisition of Global Energy Solutions, Ltd., and its
subsidiaries, focuses on the farming of whole fruits, vegetables
and live plant material and the production of proprietary
functional foods and botanical extracts for the health and
wellness industry.  Its principle holdings consist of land, farms
and infrastructure in South Africa.

Plandai Biotechnology reported a net loss of $15.5 million on
$266,000 of revenues for the year ended June 30, 2014, compared to
a net loss of $2.96 million on $359,000 of revenues for the year
ended June 30, 2013.

As of March 31, 2015, the Company had $9.86 million in total
assets, $15.7 million in total liabilities, $4.28 million
stockholders' deficit and $1.52 million in non-controlling
interest.

Terry L. Johnson, CPA, in Casselberry, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2014.

"The Company has incurred a deficit of approximately $26 million
and has used approximately $44 million of cash due to its
operating activities in the two years ended June 30, 2014.  The
Company may not have adequate readily available resources to fund
operations through June 30, 2015.  This raises substantial doubt
about the Company's ability to continue as a going concern," the
auditor noted.


POPULAR NORTH AMERICA: Fitch Affirms 'BB-' LT Issuer Default Rating
-------------------------------------------------------------------
Fitch Ratings has affirmed the Long-term Issuer Default Ratings
(IDRs) at 'BB-' and Short-term IDRs at 'B' for Popular Inc. (BPOP)
and its subsidiaries following Fitch's peer review of Puerto Rican
banks. The Rating Outlook is Stable.

KEY RATING DRIVERS

IDRs, VRs, AND SENIOR DEBT

Fitch-rated Puerto Rican bank VRs and IDRs incorporate limiting
rating factors, and current rating levels are indicative of the
significant challenges facing Puerto Rican banks. The Puerto Rican
bank VRs and IDRs are significantly more sensitive to economic
conditions within their main operating market, the Commonwealth of
Puerto Rico (PR), and current rating levels incorporate the weak
state of the local economy. Although Fitch recognizes that BPOP has
been operating under these conditions for a number of years, while
continuing to improve performance and strengthen its balance sheet,
the prolonged recessionary environment and fiscal challenges of the
Commonwealth together could intensify pressure on retail and
commercial customers.

In addition, while direct exposure to the Commonwealth and its
instrumentalities appears manageable in Fitch's estimation, Fitch
remains concerned with the Commonwealth's fiscal situation and
potential spill-over effects to the local economy over the
medium-to-longer term, especially in light of the Governor of the
Commonwealth of Puerto Rico's statements in June regarding the
possibility of restructuring numerous debt instruments, including
government general obligation (GO) bonds.

Presently, BPOP's VR is higher than Puerto Rico's 'CC' general
obligation rating. This reflects Fitch's view that the Commonwealth
of Puerto Rico operates broadly within the legal system of the
United States and transfer and convertibility risk is not
foreseeable, as Puerto Rican banks are regulated by the U.S.
Federal Reserve and Federal Deposit Insurance Corporation.

The affirmation of BPOP's ratings and the Stable Outlook reflects
Fitch's view that the bank's current operating performance is
sustainable and will likely continue during this difficult
operating environment. Fitch recognizes improvements to BPOPs core
fundamentals such as stabilization of credit, earnings, capital,
and deposit funding.

In addition, Fitch recognizes BPOP's solid Dodd Frank Act Stress
Testing (DFAST) results, which incorporated severe economic
conditions, as well approval to reinstate quarterly dividends in Q3
2015. However, current and expected challenges in Puerto Rico's
operating environment limit positive rating momentum at this time.


On a comparative basis, asset quality remains in line with the
current rating as the adjusted NPA ratio (which includes 90+ days,
accruing restructured loans and excludes FHA covered loans) still
remains elevated at 8.88%, and NCOs at 0.81% at 3Q'15 are still
much higher than U.S. Mid-Tier peers. Fitch notes that BPOP has
taken significant steps to reduce its problem assets including the
successful execution of loan sales, which has helped reduce NPAs by
approximately $1.7 billion since the peak in 2010. Additionally,
BPOP's loan portfolio includes $665 million of covered loans, where
risk of loss is largely born by the FDIC.

BPOP has direct exposure of about $635 million to the local
government through investment securities, credit facilities to some
of the public corporations, and loans to entities related to the
government as well as municipalities. Recent market events in
Puerto Rico may put pressure on credit performance, but Fitch does
not believe that negative pressure on the ratings would likely
develop solely related to its direct exposure to the Commonwealth
as these appear to be well structured and mostly secured by
collateral and/or with specific sources of payment. Further, Fitch
has stressed BPOP's Puerto Rico exposure (a 40% writedown for
securities and 20% writedown to other direct and indirect
exposures) and has concluded the company's ratings could be
sensitive to losses approaching this level.

Despite the weak local economy, BPOP has been able to deliver
improving results. Core earnings continue on a positive trend with
an expectation that ROA, NIM and PPNR-to-average assets will remain
in line with current levels, which supports the rating. In
particular, Fitch views positively the company's buoyant
PPNR-to-average assets ratio has been averaging 1.66% over the past
four quarters, which helps to cushion provisioning and its impact
to total income. This measure compares favorably to U.S. Mid-Tier
peers. Although slow-to-negative economic growth in Puerto Rico may
be the norm for some time to come, the company's growth strategy in
the U.S., its expectation for rising interest rates in 2016 as well
as an improving deposit cost profile could provide a partial
offset.

Similar to most peers, BPOP has improved its capital position
following the peak of the financial crisis. At 3Q'15, BPOP's TCE
stood at 12.65% and Common Equity Tier 1 stood at 16.21%. The
company also remains in compliance, by a sizeable margin, with its
regulatory order minimum capital ratios. Fitch believes that as the
company's core earnings improve, its capital position will continue
to be maintained at current levels and support the current risk on
the balance sheet.


BPOP's funding profile has historically been weaker when compared
to U.S. bank peers given stronger reliance on non-core funding
sources. BPOP faces competition for deposits from locally based
commercial banks, several U.S. and foreign banks as well as over
one-hundred cooperative banks and the Government Development Bank
for municipal deposits. However, BPOP has been reducing its
reliance on non-core funding sources, particularly higher cost
brokered deposits, over the past several quarters, which has both
improved the overall stability of its deposit base as well
contributed to earnings growth.

Nonetheless, BPOP is not immune to the challenging environment
should the recession in Puerto Rico become more pronounced. Also,
the company has expanded its consumer assets. Although the Puerto
Rico consumer has been resilient considering the current economic
environment, further deterioration in economic conditions on the
back of a potential fiscal dislocation may put pressure on asset
quality and earnings.

SUPPORT RATING AND SUPPORT RATING FLOOR

The Support Rating of '5' and Support Ratings Floor of 'NF' reflect
Fitch's view that BPOP is not considered systemically important and
therefore, the probability of support is unlikely. The IDRs and VRs
do not incorporate any support.

LONG- AND SHORT-TERM DEPOSIT RATINGS

BPOP's uninsured deposit ratings at its subsidiary banks are rated
one notch higher than BPOP's IDR and senior unsecured debt rating
because U.S. uninsured deposits benefit from depositor preference.
U.S. depositor preference gives deposit liabilities superior
recovery prospects in the event of default.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

Hybrid capital instruments issued by BPOP are notched down from the
company's VR in accordance with Fitch's assessment of each
instrument's respective non-performance and relative loss severity
risk profiles, which may vary considerably.

BPOP's preferred stock and trust preferred stock rating at 'B-' is
three notches below its Viability Rating (VR) of 'BB-', in
accordance with Fitch's assessment of the instruments'
non-performance and loss severity risk profiles for issuers that
have VRs rated below 'BB+'.

HOLDING COMPANY

BPOP has a bank holding company (BHC) structure with the bank as
the main subsidiary. All subsidiaries are considered core to the
parent holding company supporting equalized ratings between bank
subsidiaries and the BHC. IDRs and VRs are equalized with those of
the operating companies and banks, reflecting its role as the bank
holding company, which is mandated in the U.S. to act as a source
of strength for its bank subsidiaries. Double leverage is below
120% for the BPOP parent company.

SUBSIDIARY AND AFFILIATED COMPANIES

All of the BPOP entities factor in a high probability of support
from the parent. This reflects the fact that performing parent
banks have very rarely allowed subsidiaries to default. It also
considers the high level of integration, brand, management,
financial and reputational incentives to avoid subsidiary
defaults.

RATING SENSITIVITIES

IDRs, VRs, AND SENIOR DEBT
Given uncertainty regarding the Puerto Rico's fiscal situation and
potential impacts from current exposure, upside is limited in the
near term. Positive rating momentum would be predicated on
sustained improvement in the Puerto Rico operating environment
coupled with modestly improved operating performance.

BPOP's current ratings incorporate the potential for write-downs on
its securities holdings and credit exposures to the Commonwealth
and its instrumentalities. Fitch has applied loss factors of 40% to
securities exposure and 20% for both other direct and indirect
exposures in its sensitivity analysis of capital. We believe that
capital as measured by tangible common equity-to-tangible assets
remains sufficient to absorb these stress losses. However, should
market events in the Commonwealth of Puerto Rico actually result in
losses approaching this level, or the company's exposure to the
Puerto Rican government materially increases, negative pressure on
the ratings could develop.

SUPPORT RATING AND SUPPORT RATING FLOOR

The Support Rating and Support Rating Floor are sensitive to
Fitch's assumption around capacity to procure extraordinary support
in case of need.

LONG- AND SHORT-TERM DEPOSIT RATINGS

The ratings of long- and short-term deposits issued by BPOP
subsidiaries are primarily sensitive to any change in the company's
IDRs. This means that should a Long-term IDR be downgraded, deposit
ratings could be similarly affected.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

The ratings of hybrid securities are sensitive to any change in
BPOP's VR or to changes in BPOP's propensity to make coupon
payments that are permitted but not compulsory under the
instruments' documentation.

HOLDING COMPANY

If BPOP became undercapitalized or increased double leverage
significantly, there is the potential that Fitch could notch the
holding company IDR and VR from the ratings of the operating
companies.

SUBSIDIARY AND AFFILIATED COMPANIES

As the IDRs and VRs of the subsidiaries are equalized with those of
BPOP to reflect support from their ultimate parent, they are
sensitive to changes in the parent's propensity to provide support,
which Fitch currently does not expect, or from changes in BPOP's
IDRs.

Fitch has affirmed the following ratings:

Popular, Inc.
-- Long-term IDR at 'BB-';
-- Senior unsecured at 'BB-';
-- Short-term IDR at 'B';
-- Short-term Debt at 'B'.
-- Viability at 'bb-';
-- Preferred stock at 'B-';
-- Support at '5'
-- Support floor at 'NF'.

Popular North America, Inc.
-- Long-term IDR at 'BB-';
-- Senior unsecured at 'BB-';
-- Short-term IDR at 'B';
-- Short-term Debt at B
-- Viability rating at 'bb-';
-- Support at '5'
-- Support floor at 'NF'.

Banco Popular North America
-- Long-term IDR at 'BB-';
-- Long-term deposits at 'BB';
-- Short-term IDR at 'B';
-- Short-term deposits at 'B'.
-- Viability rating at 'bb-'
-- Support at '5'
-- Support floor at 'NF'.

Banco Popular de Puerto Rico
-- Long-term IDR at 'BB-';
-- Long-term deposits at 'BB';
-- Short-term IDR at 'B';
-- Short-term deposits at 'B';
-- Viability rating at 'bb-';
-- Support at '5'
-- Support floor at 'NF'.

BanPonce Trust I
-- Trust preferred at 'B-'.

Popular Capital Trust I
-- Trust preferred at 'B-'.

Popular Capital Trust II
-- Trust preferred at 'B-'.

Popular North America Capital Trust I
--Trust preferred at 'B-'.

Popular Capital Trust III
-- Trust preferred at 'B-'

The Rating Outlook is Stable.




POSITRON CORP: Delays Third Quarter Form 10-Q Filing
----------------------------------------------------
Positron Corporation filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the quarter ended
Sept. 30, 2015.  According to the Company, its financial statements
could not be completed within the time provided without undue
burden and expense.  The Company expects to file within the period
provided by the extension.

                    About Positron Corporation

Headquartered in Fishers, Indiana, Positron Corporation is a
molecular imaging company focused on nuclear cardiology.

Positron reported a net loss of $2.58 million on $1.46 million of
sales for the year ended Dec. 31, 2014, compared to a net loss of
$7.1 million on $1.63 million of sales for the year ended Dec. 31,
2013.

As of June 30, 2015, the Company had $1.64 million in total assets,
$2.97 million in total liabilities and a stockholders' deficit of
$1.32 million.

Sassetti LLC, in Oak Park, Illinois, 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 which raises substantial doubt about the
Company's ability to continue as a going concern.


POSITRON CORP: Incurs $255,000 Net Loss in Third Quarter
--------------------------------------------------------
Positron Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
and comprehensive loss of $255,000 on $304,000 of sales for the
three months ended Sept. 30, 2015, compared to a net loss and
comprehensive loss of $1.43 million on $396,000 of sales for the
same period a year ago.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss and comprehensive loss of $1.18 million on $978,000 of
sales compared to a net loss and comprehensive loss of $2.49
million on $1.20 million of sales for the same period during the
prior year.

As of Sept. 30, 2015, the Company had $1.52 million in total
assets, $3.10 million in total liabilities and a total
stockholders' deficit of $1.58 million.

Cash and cash equivalents at Sept. 30, 2015 were $28,000 compared
to $208,000 at Dec. 31, 2014.  Accounts receivable were $147,000 at
Sept. 30, 2015, compared to $175,000 at Dec. 31, 2014.

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

                      http://is.gd/nTnijt

                   About Positron Corporation

Headquartered in Fishers, Indiana, Positron Corporation is a
molecular imaging company focused on nuclear cardiology.

Positron reported a net loss of $2.58 million on $1.46 million of
sales for the year ended Dec. 31, 2014, compared to a net loss of
$7.1 million on $1.63 million of sales for the year ended Dec. 31,
2013.

Sassetti LLC, in Oak Park, Illinois, 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 which raises substantial doubt about the
Company's ability to continue as a going concern.


PRECISION OPTICS: Stuart Sternberg Holds 15.5% Stake as of Nov. 24
------------------------------------------------------------------
Stuart Sternberg disclosed in a Schedule 13G filed with the
Securities and Exchange Commission that as of Nov. 24, 2015, he
beneficially owns 1,160,355 shares of common stock of Precision
Optics Corporation, Inc., representing 15.5 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/sfZDVO

                     About Precision Optics

Headquartered in Gardner, Massachusetts, Precision Optics
Corporation, Inc., has been a developer and manufacturer of
advanced optical instruments since 1982.  The Company designs and
produces high-quality micro-optics, medical instruments and other
advanced optical systems.  The Company's medical instrumentation
line includes laparoscopes, arthroscopes and endocouplers and a
world-class product line of 3-D endoscopes for use in minimally
invasive surgical procedures.

Precision Optics reported a net loss of $1.17 million on $3.91
million of revenues for the year ended June 30, 2015, compared to a
net loss of $1.16 million on $3.65 million of revenues for the year
ended June 30, 2014.

As of Sept. 30, 2015, the Company had $1.72 million in total
assets, $1.33 million in total liabilities, all current, and
$385,000 in total stockholders' equity.

Stowe & Degon LLC, in Westborough, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2015, citing that the Company has suffered
recurring net losses and negative cash flows from operations, which
raises substantial doubt about its ability to continue as a going
concern.


PRESIDENTIAL REALTY: Posts $49K Net Income for Third Quarter
------------------------------------------------------------
Presidential Realty Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $48,771 on $228,300 of total revenues for the three
months ended Sept. 30, 2015, compared to a net loss of $730,326 on
$213,429 of total revenues for the same period a year ago.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $250,322 on $700,003 of total revenues compared to a
net loss of $924,832 on $653,816 of total revenues for the same
period during the prior year.

As of Sept. 30, 2015, the Company had $1.49 million in total
assets, $2.26 million in total liabilities and a total
stockholders' deficit of $771,223.

"For the nine months ended Sept. 30, 2015, the Company had a loss
from operations.  This, combined with a history of operating losses
and working capital deficiency, has been detrimental to our
operations and could potentially affect our ability to meet our
obligations and continue as a going concern.  Our ability to
continue as a going concern is dependent upon the successful
execution of our business plan to achieve profitability, and to
increase working capital, raising debt and/or equity.  The
accompanying financial statements do not include any adjustments
that may result from this uncertainty," the Company states in the
report.

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

                     http://is.gd/uSrtPf

                   About Presidential Realty

Headquartered in White Plains, New York, Presidential Realty
Corporation, a real estate investment trust, is engaged
principally in the ownership of income-producing real estate and
in the holding of notes and mortgages secured by real estate or
interests in real estate.  On Jan. 20, 2011, Presidential
stockholders approved a plan of liquidation, which provides for
the sale of all of the Company's assets over time and the
distribution of the net proceeds of sale to the stockholders after
satisfaction of the Company's liabilities.


Presidential Realty reported a net loss attributable to the Company
of $941,000 on $871,000 of total revenue for the year ended Dec.
31, 2014, compared to net income attributable to the Company of
$1.02 million on $847,000 of total revenues during the prior year.

Baker Tilly Virchow Krause, LLP, in Melville, New York, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has suffered recurring losses from operations and has a
working capital deficiency.  These factors raise substantial doubt
about its ability to continue as a going concern.


PWK TIMBERLAND: Wants To Get $950K Secured Loan to Pay Settlement
-----------------------------------------------------------------
PWK Timberland, LLC, asks the U.S. Bankruptcy Court for the Western
District of Louisiana for authorization to obtain a secured loan,
not exceeding $950,000, to be secured by a lien on the Debtor's
unencumbered real property.

The Debtor plans on obtaining the loan from Farmer's & Merchant's
Bank or any other financial institution.  The Debtor also intends
for the loan to be secured by a lien on the its unencumbered real
estate.

The Debtor tells the Court that in order to fund the Settlement
Agreement authorized by the Court on Nov. 13, 2015, it is necessary
that it be authorized to incur debt in an amount up to $950,000.
The Debtor further tells the Court that the borrowed funds will be
used to supplement funds on hand to fund the Settlement Agreement.

PWK Timberland is represented by:

          Gerald J. Casey, Esq.
          613 Alamo Street
          Lake Charles, LA 70601
          Telephone: (337)474-5005
          E-mail: info@caseylaw.net

                       About PWK Timberland

Lake Charles, Louisiana-based PWK Timberland LLC sought Chapter 11
protection (Bankr. W.D. La. Case No. 13-20242) on March 22, 2013.
Gerald J. Casey, Esq., serves as counsel to the Debtor.  The
Debtor
disclosed $15 million in assets and $1.79 million in liabilities
as
of the Chapter 11 filing.

The Debtor has filed a first amended plan of reorganization and
explanatory disclosure statement.   A copy of the First Amended
Disclosure Statement dated April 30, 2014, is available for free
at
http://bankrupt.com/misc/PWKTIMBERLAND_1stAmdDS.PDF   

PWK Timberland's Plan provides that all allowed claims will be
satisfied in full.  The Plan contemplates (i) that the unsecured
claims of former members are unimpaired; (ii) the Debtor does not
believe there are any general unsecured creditors but if there
are,
they will be paid in full on the Effective Date; and (iii) equity
holders agreed to forgo any payments under the plan until all
impaired creditors have been paid in according to the terms of the
Plan.



QUIKSILVER INC: Apr. 6 Lease Decision Extension Excludes Store 726
------------------------------------------------------------------
Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware extended debtors Quiksilver, Inc., et. al.'s
time for assuming or rejecting unexpired leases of nonresidential
real property through April 6, 2016.  The extension, however, did
not apply to the lease for store number 726, located in Anastasia
Plaza in St. Augustine Beach, Florida ("Anastasia Store").

Regency Centers, L.P., objected to the Debtors' request for the
extension of their time to assume or reject unexpired leases of
nonresidential real property, with respect to the Anastasia Store
for these reasons: (i) the Debtors have failed to demonstrate that
cause exists to justify an extension under Section 365(d)(4) of the
Bankruptcy Code, and (ii) the Landlord has been and continues to be
prejudiced by the Debtors' failure to operate or pay rent and
related charges as required by the lease and Section 365(d)(3) of
the Bankruptcy Code.

Regency contends that debtor QS Retail Inc. leases retail space in
Anastasia Plaza from RCFL Anastasia LLC, a subsidiary of Regency,
pursuant to an Occupancy and Indemnification Agreement.  Regency
further contends that the leased premises is located in a shopping
center. It relates that the lease contemplates short-term use and
occupancy of the leased premises from Aug. 28, 2015, through July
27, 2016, and requires continuous operation at the leased premises
during the period of occupancy.  Regency tells the Court that one
day after opening for business at the leased premises, with the
store still fully stocked with inventory, the Debtors suddenly
terminated retail operations without explanation.  Regency further
tells the Court that since that time, the store has remained dark,
with the inventory still in place, and the Debtors have failed to
pay rent.

Regency asserts that since the Petition Date, in addition to being
in breach of the continuous operations clause of the lease, the
Debtors have also failed to pay postpetition rent and other lease
obligations totaling approximately $7,865, including unpaid rent
and taxes for October 2015 of approximately $4,452.

Regency Centers is represented by:

          Robert L. LeHane, Esq.
          Gilbert R. Saydah, Jr., Esq.
          Scott L. Fleischer, Esq.
          KELLEY DRYE & WARREN LLP
          101 Park Avenue
          New York, NY 10178
          Telephone: (212)808-7800
          Facsimile: (212)808-7897
          E-mail: rlehane@kelleydrye.com
                  gsaydah@kelleydrye.com
                  sfleischer@kelleydrye.com

                      About Quiksilver, Inc.

Quiksilver, Inc., designs, produces and distributes branded
apparel, footwear and accessories.  The Company's apparel and
footwear brands, inspired by a passion for outdoor action sports,
represent a casual lifestyle for young-minded people who connect
with its boardriding culture and heritage.  The Company's
Quiksilver, Roxy, and DC brands have authentic roots and heritage
in surf, snow and skate.  The Company's products are sold in more
than 100 countries in a wide range of distribution, including surf
shops, skate shops, snow shops, its proprietary Boardriders shops
and other Company-owned retail stores, other specialty stores,
select department stores and through various e-commerce channels.
For additional information, please visit the Company's brand Web
sites at www.quiksilver.com, www.roxy.com and www.dcshoes.com.

Quiksilver began operations in 1976 as a California company making
boardshorts for surfers in the United States under a license
agreement with the Quiksilver brand founders in Australia. The
Company later reincorporated in Delaware and went public in 1986.

In fiscal year 2014 (ended Oct. 31, 2014), 34% of the Company's
revenue was generated by the Debtors, within the United States.
The remaining 66% is attributable to the Non-Debtor Affiliates
located outside the United States.

Sales at Company retail stores accounted for approximately 28% of
Company revenue during fiscal year 2014.  The Company's retail
shops include full-price stores, factory outlet stores, and
"shop-in-shops."  At the end of the fiscal year 2014, the Company
had approximately 266 full-price core brand stores, of which 75
are
located in the United States.

Quiksilver, Inc., and its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. D. Del., Case Nos. 15-11880 to 15-11890) on
Sept. 9, 2015. Andrew Bruenjes signed the petition as chief
financial officer.  The Debtors disclosed total assets of $337
million and total debts of $826 million.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as the
Debtors' legal advisor, FTI Consulting, Inc. as their
restructuring
advisor, and Peter J. Solomon Company as their investment banker.
Kurtzman Carson Consultants LLC acts as the Debtors' claims and
noticing agent.

The U.S. trustee overseeing the Chapter 11 cases of Quiksilver
Inc. and its affiliates appointed seven members to the official
committee of unsecured creditors.



QUIKSILVER INC: Seeks to Pay Bonuses to Key Employees
-----------------------------------------------------
Quiksilver, Inc., et al., seek authority from the U.S. Bankruptcy
Court for the District of Delaware to implement the plan to pay
certain key executives designed to incentivize these employees to
maximize recoveries to creditors through the restructuring and
concurrent sale process.

The Debtors also seek authority to implement the plan to make
retention payments to certain non-senior management personnel who
are central to the Debtors' continuing operations.

                         KEIP

The KEIP is designed to provide incentives to three eligible U.S.
executives to pursue a timely and successful reorganization or
sale.  Each of the KEIP Participants will be playing a central role
in the chapter 11 process, especially given the ongoing parallel
processes for marketing the Debtors and their assets while
simultaneously pursuing the consummation of the proposed Chapter 11
Plan sponsored by certain of the Debtors' prepetition stakeholders.
Incentivizing the KEIP Participants is critical to ensure that
these key members of management continue in their efforts to
successfully guide the Debtors through the bankruptcy process and
maximize value for the benefit of all the Debtors' stakeholders.

The KEIP provides for variable payouts to the KEIP Participants
based upon the achievement of relevant target metrics, including
(a) emergence from bankruptcy, (b) continued compliance with the
postpetition credit agreements, including the covenants contained
therein, and (c) the achievement of pre-determined personal goals.
Each of these metrics accounts for one-third of the maximum
incentive bonus amount, which may be earned by each KEIP
Participant, such that failure to achieve any of the three metrics
results in a deduction of one-third of the maximum incentive bonus
amount.

Furthermore, the date of emergence from bankruptcy also impacts the
earned bonus amount.  If the Emergence Date occurs on or before
February 15, 2016, then the full one-third portion of the maximum
incentive bonus amount is earned; however, (i) if the Emergence
Date occurs on or between February 16, 2016 and March 15, 2016, 85%
of the Emergence Amount shall be earned and (ii) if the Emergence
Date occurs on or between March 16, 2016 and April 15, 2016, 70% of
the Emergence Amount shall be earned. The aggregate proposed
payments for the KEIP Participants is $1,469,500, with individual
proposed maximum payouts ranging from 75% to 100% of base
compensation, and payments shall be made on or before the 15th
calendar day following the Emergence Date subject to later
disgorgement as set forth in the Plan.

In the event that a that a KEIP Participant is terminated by the
Debtors without cause or for reasons of death or disability, such
KEIP Participant will be entitled to payment of a pro-rata portion
of such KEIP Participant's award based on the number of days the
KEIP Participant was employed after the Petition Date through the
date of termination, divided by the number of days from the
Petition Date through the Emergence Date.  If the KEIP
Participant's employment with the Debtors is terminated for cause
prior to the Incentive Bonus Payment Date, he or she will forfeit
any right to a payment under the KEIP.  Finally, if a KEIP
Participant voluntarily terminates his or her employment with the
Company or is terminated for cause within 45 calendar days
following the Emergence Date, then the KEIP Participant will return
any previously paid bonus amount within five business days of such
termination.

It is important to note that the KEIP is not a "pay to stay"
retention plan.  Instead, the KEIP utilizes personalized metrics
for each KEIP Participant in order to ensure that the KEIP
Participants are incentivized to complete the restructuring in an
efficient and expeditious manner.  In addition, the aggregate
proposed payments for the KEIP Participants are well within the
previously submitted budget under the DIP Credit Agreements.
Accordingly, the KEIP successfully aligns the interests of the
Debtors, their employees, and their creditors and is a true
incentive plan.

                          KERP

The Debtors selected the 14 participants in the KERP based on their
status as critical, hard to replace, non-senior management
employees. Many of the KERP Participants have developed valuable
institutional knowledge regarding the Debtors' ongoing business
operations that would be difficult and expensive to replace, and
preserving this institutional knowledge is key to the successful
completion of the Debtors' reorganization as well as the efficient
administration of these Chapter 11 Cases and the Debtors' estates.

The KERP provides for a pool of $859,556 consisting of $659,556 in
designated payouts as well as an additional $200,000 reserved for
additional discretionary payouts to later identified KERP
Participants.  For the currently designated KERP Participants, the
proposed maximum payouts represent between 20% and 50% of each
participant's base salary.  The earned payout for each KERP
Participant is based upon the following metrics: (a) 60% of the
proposed maximum payout for an individual KERP Participant is
earned on the 45th calendar day following the Emergence Date if the
participant is employed with the Company on that date, and (b) 40%
of the proposed maximum payout for that participant is earned upon
the achievement of pre-determined personal goals.  Payments will be
made on or before the 15th calendar day following the Emergence
Date subject to later disgorgement as set forth in the Plan.

In the event that a KERP Participant is terminated by the Debtors
without cause or for reasons of death or disability, such KERP
Participant will be entitled to payment of the full payout amount
on the Retention Bonus Payment Date.  If the KERP Participant's
employment with the Debtors is terminated for cause prior to the
Retention Bonus Payment Date, he or she will forfeit any right to a
payment under the KERP.  Finally, if a KERP Participant voluntarily
terminates his or her employment with the Company or is terminated
for cause after the Retention Bonus Payment Date but before the
45th calendar day following the Emergence Date, then the KERP
Participant will return the previously paid bonus amount within
five business days of the termination.  All KERP Participants will
not be eligible to participate in any other incentive plan
promulgated by the Company after the Emergence Date to the extent
such plan is based upon such participant's performance during the
Chapter 11 Cases.

The Debtors are represented by:

         Van C. Durrer, II, Esq.
         Annie Li, Esq.`
         SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
         300 South Grand Avenue, Suite 3400
         Los Angeles, California 90071
         Telephone: (213) 687-5000
         Fax: (213) 687-5600
         Email: van.durrer@skadden.com
                annie.li@skadden.com

           -- and --

         Dain A. De Souza, Esq.
         SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
         One Rodney Square
         P.O. Box 636
         Wilmington, Delaware 19899-0636
         Telephone: (302) 651-3000
         Fax: (302) 651-3001
         Email: dain.desouza@skadden.com

           -- and --

         John K. Lyons, Esq.
         Jessica Kumar, Esq.
         155 N. Wacker Dr.
         Chicago, Illinois 60606
         Telephone: (312) 407-0700
         Fax: (312) 407-0411
         Email: john.lyons@skadden.com
                jessica.kumar@skadden.com

                      About Quiksilver

Quiksilver, Inc., designs, produces and distributes branded
apparel, footwear and accessories.  The Company's apparel and
footwear brands, inspired by a passion for outdoor action sports,
represent a casual lifestyle for young-minded people who connect
with its boardriding culture and heritage.  The Company's
Quiksilver, Roxy, and DC brands have authentic roots and heritage
in surf, snow and skate.  The Company's products are sold in more
than 100 countries in a wide range of distribution, including surf
shops, skate shops, snow shops, its proprietary Boardriders shops
and other Company-owned retail stores, other specialty stores,
select department stores and through various e-commerce channels.
For additional information, please visit the Company's brand Web
sites at www.quiksilver.com, www.roxy.com and www.dcshoes.com.

Quiksilver began operations in 1976 as a California company making
boardshorts for surfers in the United States under a license
agreement with the Quiksilver brand founders in Australia. The
Company later reincorporated in Delaware and went public in 1986.

In fiscal year 2014 (ended Oct. 31, 2014), 34% of the Company's
revenue was generated by the Debtors, within the United States.
The remaining 66% is attributable to the Non-Debtor Affiliates
located outside the United States.

Sales at Company retail stores accounted for approximately 28% of
Company revenue during fiscal year 2014.  The Company's retail
shops include full-price stores, factory outlet stores, and
"shop-in-shops."  At the end of the fiscal year 2014, the Company
had approximately 266 full-price core brand stores, of which 75
are located in the United States.

Quiksilver, Inc., and its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. D. Del., Case Nos. 15-11880 to 15-11890) on
Sept. 9, 2015. Andrew Bruenjes signed the petition as chief
financial officer.  The Debtors disclosed total assets of $337
million and total debts of $826 million.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as the
Debtors' legal advisor, FTI Consulting, Inc. as their
restructuring advisor, and Peter J. Solomon Company as their
investment banker. Kurtzman Carson Consultants LLC acts as the
Debtors' claims andnoticing agent.

The U.S. trustee overseeing the Chapter 11 cases of Quiksilver
Inc. and its affiliates appointed seven members to the official
committee of unsecured creditors.


RESPONSE BIOMEDICAL: TSX Reviewing Continued Listing
----------------------------------------------------
Response Biomedical Corp. disclosed that it has received notice
that the Toronto Stock Exchange is reviewing the eligibility for
continued listing on the TSX of the common shares of Response
pursuant to Part VII of the TSX Company Manual.  The TSX initiated
its review because the price of Response's shares have traded below
$0.68 for 30 consecutive trading days, and as a result, the market
value of the publicly-held common shares (as defined by the TSX)
did not meet the minimum threshold of $2 million required under the
TSX rules.  

Under the TSX definition, shares held by certain significant
shareholders and the Company's directors and officers, which in the
case of Response total approximately 70% of its outstanding shares,
are excluded from the calculation of publicly-held shares. The
Company has been granted 120 days in which to demonstrate
compliance with the continued listing requirements of the TSX,
pursuant to the TSX's Remedial Review Process.  Receipt of this
notice has no immediate effect on the listing of the Company's
shares.

Response and the TSX will continue to monitor the Company's market
capitalization during the review period.  In the event the Company
is unable to continue with the listing of its securities on the
TSX, other listing alternatives exist for reporting issuers in the
U.S. and Canada including the TSX Venture Exchange.

                     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 Sept. 30, 2015, the Company had C$12.64 million in total
assets, C$13.64 million in total liabilities and a total
shareholders' deficit of C$992,000.

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, which
raises substantial doubt about its ability to continue as a going
concern.


ROSETTA GENOMICS: Empery Owns 5.6% of Shares of as of Oct. 13
-------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Empery Asset Management, LP, Ryan M. Lane and Martin D.
Hoe disclosed that as of Oct. 13, 2015, they beneficially own
1,031,250 Ordinary Shares and 515,625 Ordinary Shares issuable upon
exercise of Warrants of Rosetta Genomics Ltd. representing 5.67
percent of the shares outstanding.  A copy of the regulatory filing
is available for free at http://is.gd/KkGlRz

                           About Rosetta

Based in Rehovot, Israel, Rosetta Genomics Ltd. is seeking to
develop and commercialize new diagnostic tests based on a recently
discovered group of genes known as microRNAs.  MicroRNAs are
naturally expressed, or produced, using instructions encoded in
DNA and are believed to play an important role in normal function
and in various pathologies.  The Company has established a CLIA-
certified laboratory in Philadelphia, which enables the Company to
develop, validate and commercialize its own diagnostic tests
applying its microRNA technology.

Rosetta Genomics reported a loss from continuing operations of
$14.5 million on $1.32 million for the year ended Dec. 31, 2014, a
loss from continuing operations of $13.2 million in 2013 and a loss
from continuing operations of $10.69 million in 2012.

As of June 30, 2015, Rosetta Genomics had $23.3 million in total
assets, $3.49 million in total liabilities and $19.8 million in
total shareholders' equity.

                        Bankruptcy Warning

"We will likely require substantial additional funding and expect
to augment our cash balance through financing transactions,
including the issuance of debt or equity securities and further
strategic collaborations.  On December 7, 2012, we filed a shelf
registration statement on Form F-3 with the SEC for the issuance of
ordinary shares, various series of debt securities and/or warrants
to purchase any of such securities, either individually or in
units, with a total value of up to $75 million, from time to time
at prices and on terms to be determined at the time of such
offerings.  The filing was declared effective on December 19, 2012.
As of the time of the filing of this Annual Report on Form 20-F,
we had sold through the Cantor Sales Agreement an aggregate of
4,736,854 of our ordinary shares for gross proceeds of $19.9
million under this shelf registration statement, leaving an
aggregate of approximately $55.1 million of securities available
for sale under this Form F-3, subject to limitations imposed by the
SEC for companies with a public float of less than $75 million.  If
we need additional funding, there can be no assurance that we will
be able to obtain adequate levels of additional funding on
favorable terms, if at all.  If adequate funds are needed and not
available, we may be required to:

   * delay, reduce the scope of or eliminate certain research and
     development programs;

   * obtain funds through arrangements with collaborators or
     others on terms unfavorable to us or that may require us to
     relinquish rights to certain technologies or products that we
     might otherwise seek to develop or commercialize
     independently;

   * monetize certain of our assets;

   * pursue merger or acquisition strategies; or

   * seek protection under the bankruptcy laws of Israel and the
     United States," the Company said in its annual report for the
     year ended Dec. 31, 2014.


ROSETTA GENOMICS: Hal Mintz Owns 5.78% of Shares as of Oct. 15
--------------------------------------------------------------
Hal Mintz disclosed in a Schedule 13G filed with the Securities and
Exchange Commission that as of Oct. 15, 2015, he beneficially owns
1,031,250 Ordinary Shares of Rosetta Genomics Ltd, representing
5.78 percent of the shares outstanding.  A copy of the regulatory
filing is available at http://is.gd/eJCxV1

                           About Rosetta

Based in Rehovot, Israel, Rosetta Genomics Ltd. is seeking to
develop and commercialize new diagnostic tests based on a recently
discovered group of genes known as microRNAs.  MicroRNAs are
naturally expressed, or produced, using instructions encoded in
DNA and are believed to play an important role in normal function
and in various pathologies.  The Company has established a CLIA-
certified laboratory in Philadelphia, which enables the Company to
develop, validate and commercialize its own diagnostic tests
applying its microRNA technology.

Rosetta Genomics reported a loss from continuing operations of
$14.5 million on $1.32 million for the year ended Dec. 31, 2014, a
loss from continuing operations of $13.2 million in 2013 and a
loss
from continuing operations of $10.69 million in 2012.

As of June 30, 2015, Rosetta Genomics had $23.3 million in total
assets, $3.49 million in total liabilities and $19.8 million in
total shareholders' equity.

                        Bankruptcy Warning

"We will likely require substantial additional funding and expect
to augment our cash balance through financing transactions,
including the issuance of debt or equity securities and further
strategic collaborations.  On December 7, 2012, we filed a shelf
registration statement on Form F-3 with the SEC for the issuance of
ordinary shares, various series of debt securities and/or warrants
to purchase any of such securities, either individually or in
units, with a total value of up to $75 million, from time to time
at prices and on terms to be determined at the time of such
offerings.  The filing was declared effective on December 19, 2012.
As of the time of the filing of this Annual Report on Form 20-F,
we had sold through the Cantor Sales Agreement an aggregate of
4,736,854 of our ordinary shares for gross proceeds of $19.9
million under this shelf registration statement, leaving an
aggregate of approximately $55.1 million of securities available
for sale under this Form F-3, subject to limitations imposed by the
SEC for companies with a public float of less than $75 million.  If
we need additional funding, there can be no assurance that we will
be able to obtain adequate levels of additional funding on
favorable terms, if at all.  If adequate funds are needed and not
available, we may be required to:

   * delay, reduce the scope of or eliminate certain research and
     development programs;

   * obtain funds through arrangements with collaborators or
     others on terms unfavorable to us or that may require us to
     relinquish rights to certain technologies or products that we
     might otherwise seek to develop or commercialize
     independently;

   * monetize certain of our assets;

   * pursue merger or acquisition strategies; or

   * seek protection under the bankruptcy laws of Israel and the
     United States," the Company said in its annual report for the
     year ended Dec. 31, 2014.


SALLY HOLDINGS: Has Offering of $750 Million Senior Notes
---------------------------------------------------------
Sally Holdings LLC and Sally Capital Inc. filed with the Securities
and Exchange Commission a free writing prospectus relating to the
offering of $750,000,000 principal amount of 5.625% Senior Notes
due 2025 at an issue price of 100%.

Interest on the Notes are due on June 1 and December 1 with first
interest payment commencing June 1, 2016.

Joint Book-Running Managers:

            Merrill Lynch, Pierce, Fenner & Smith
                 Incorporated
            J.P. Morgan Securities LLC
            Wells Fargo Securities, LLC
            Credit Suisse Securities (USA) LLC
            Deutsche Bank Securities Inc.
            Goldman, Sachs & Co.
            RBC Capital Markets, LLC

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

                        http://is.gd/8Qqs3i

                        About Sally Holdings

Sally Holdings, LLC, based in Denton, Texas, is a leading retailer
and distributor of beauty products with over 3,800 stores in 10
countries.  Annual revenues are around $2.6 billion.

The Company's balance sheet at Sept. 30, 2011, showed
$1.72 billion in total assets, $2.01 billion in total liabilities,
and a $281.69 million total members' deficit.

                        Bankruptcy Warning

Sally Holdings' ability to comply with the covenants and
restrictions contained in the senior credit facilities and the
indentures for the Notes may be affected by economic, financial
and industry conditions beyond the Company's control.  The breach
of any of these covenants and restrictions could result in a
default under either the senior credit facilities or the
indentures that would permit the applicable lenders or note
holders, as the case may be, to declare all amounts outstanding
thereunder to be due and payable, together with accrued and unpaid
interest.  If the Company is unable to repay debt, lenders having
secured obligations, such as the lenders under the senior credit
facilities, could proceed against the collateral securing the
debt.  In any such case, the Company may be unable to borrow under
the senior credit facilities and may not be able to repay the
amounts due under the Term Loans and the Notes.  This could have
serious consequences to the Company's financial condition and
results of operations and could cause the Company to become
bankrupt or insolvent.

                          *     *     *

As reported by the TCR on Nov. 7, 2011, Standard & Poor's Ratings
Services raised its corporate credit rating on Sally Holdings LLC
to 'BB+' from 'BB'. The rating outlook is positive.

"Standard & Poor's Rating Services' rating reflects our view that
Sally Holdings, which is an indirect wholly owned subsidiary of
Sally Beauty Holdings Inc., will continue its positive momentum
with organic sales growth of 5% to 7%, positive comparable-store
sales, modest gross margin improvement, and continued debt
reduction, resulting in improving credit protection measures over
the next 12 months," said Standard & Poor's credit analyst Jayne
Ross.

As reported by the TCR on Sept. 19, 2013, Moody's Investors
Service upgraded all ratings of Sally Holdings LLC, including the
Corporate Family Rating to Ba2 from Ba3.

"The upgrade reflects Sally's continued steady operating
performance, cash flow and credit metrics," said Moody's analyst,
Mike Zuccaro.  For the past year, Sally's lease-adjusted
debt/EBITDA has remained stable, in the very low 4.0 times range.
"We continue to expect Sally to invest in growth through new store
openings and acquisitions, and that the company will use excess
cash for shareholder returns while maintaining its existing credit
profile."


SALON MEDIA: John Warnock Discloses 34.9 Million Shares
-------------------------------------------------------
Salon Media Group has been advised by John Warnock and William
Hambrecht that they executed a stock transaction that has the
effect of equalizing their stock ownership such that John Warnock
owns 34,931,240 number of shares and William Hambrecht owns
27,492,732 number of shares.

                       About Salon Media

San Francisco, Calif.-based Salon Media Group (OTC BB: SLNM.OB)
-- http://www.Salon.com/-- is an online news and social
networking company and an Internet publishing pioneer.

Salon Media reported a net loss of $3.9 million on $4.9 million of
net revenues for the year ended March 31, 2015, compared to a net
loss of $2.2 million on $6 million of net revenues for the year
ended March 31, 2014.

As of Sept. 30, 2015, the Company had $1.99 million in total
assets, $9.56 million in total liabilities and a total
stockholders' deficit of $7.56 million.

Burr Pilger Mayer, Inc., in San Francisco, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2015, citing that the
Company has suffered recurring losses and negative cash flows from
operations and has an accumulated deficit of $122.6 million as of
March 31, 2015.  These conditions raise substantial doubt about its
ability to continue as a going concern.


SAMSON RESOURCES: UST Says Kirkland Fee Bid Is Unreasonable
-----------------------------------------------------------
Fola Akinnibi at Bankruptcy Law360 reported that bankrupt oil and
gas company Samson Resources Corp.'s attorneys at Kirkland & Ellis
LLP can't recover fees for defending any fee disputes, the U.S.
Trustee said on Nov. 23, 2015, telling a Delaware bankruptcy judge
that the firm's request flouts a recent U.S. Supreme Court ruling.

The U.S. Trustee, Andrew N. Vara, asked U.S. Bankruptcy Judge
Christopher S. Sontchi to reject Kirkland & Ellis' fee request.
Vara said the firm's fee request violates the bankruptcy code and a
Supreme Court ruling that said firms must cover their own costs.

                      About Samson Resources

Samson Resources Corporation, et al., filed Chapter 11 bankruptcy
petitions (D. Del. Lead Case No. 15-11934) on Sept. 16, 2015.
Philip W. Cook signed the petition as executive vice president and
chief financial officer.  The Debtors estimated assets and
liabilities of more than $1 billion.

Samson is an onshore oil and gas exploration and production
company
with interests in various oil and gas leases primarily located in
Colorado, Louisiana, North Dakota, Oklahoma, Texas, and Wyoming.
The Operating Companies operate, or have royalty or working
interests in, approximately 8,700 oil and gas production sites.

Samson was acquired by KKR and Crestview from Charles Schusterman
in December 2011 for approximately $7.2 billion.  The investor
group provided approximately $4.1 billion in equity investments as
part of the purchase price.

Kirkland & Ellis LLP represents the Debtors as general counsel.
Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel.

Alvarez & Marsal LLC acts as the Debtors' financial advisor.
Blackstone Advisory Partners L.P. serves as the Debtors'
investment
banker.  Garden City Group, LLC serves as claims and noticing
agent
to the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.


SANUWAVE HEALTH: Reports Q3 Results, Provides Business Update
-------------------------------------------------------------
"We have had a very busy third quarter, analyzing the data from our
clinical trial and working on funding for the Company to move
forward," stated Kevin A. Richardson, II, Chairman of the board of
SANUWAVE.  "We revealed our top line data in early October and we
currently feel we are 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 two milestones which
need to be met: 1) begin submission of the PMA to the FDA and 2)
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.

Revenues for the three months ended Sept. 30, 2015, were $143,605,
compared to $227,492 for the same period in 2014, a decrease of
$83,887, or 37%.  The decrease in revenues for 2015 was due to
lower sales of orthoPACE devices and applicators in Europe.

Research and development expenses for the three months ended
Sept. 30, 2015, were $569,134, compared to $708,304 for the same
period in 2014, a decrease of $139,170, or 20%.  Research and
development expenses decreased in 2015 as a result of lower
payments to third party clinical sites participating in the
dermaPACE clinical study, as there were fewer active patients in
the clinical study in 2015 as compared to 2014.  This is partially
offset by higher consulting related costs as we review the data
results and prepare to file our PMA with the FDA.

General and administrative expenses for the three months ended
Sept. 30, 2015, were $778,679, as compared to $780,115 for the same
period in 2014, a decrease of $1,436.  The decrease in general and
administrative expenses is primarily due to reduced consulting
expenses and is mostly offset by higher non-cash stock compensation
expense and higher legal fees related to employee matters and
patent filings in 2015.

Net loss for the three months ended Sept. 30, 2015, was $1,026,844,
or ($0.02) per basic and diluted share, compared to a net loss of
$1,492,905, or ($0.03) per basic and diluted share, for the same
period in 2014, a decrease in the net loss of $466,061, or 31%.
The decrease in the net loss for 2015 was primarily a result of the
reduced operating expenses as discussed above, the gain on warrant
valuation adjustment of $302,300 and the gain on sale of property
and equipment of $100,000 offset by higher interest expense and
lower sales.

                       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.

As of Sept. 30, 2015, the Company had $1.50 million in total
assets, $6.62 million in total liabilities and a stockholders'
deficit of $5.12 million.

                        Bankruptcy Warning

"The continuation of the Company's business is dependent upon
raising additional capital before the conclusion of fourth quarter
of 2015 to fund operations.  Management's plans are to obtain
additional capital through the issuance of common or preferred
stock, securities convertible into common stock or secured or
unsecured debt, investments by strategic partner for market
opportunities, which may include strategic partnerships or
licensing arrangements 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.  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 states in the quarterly report for the period
ended Sept. 30, 2015.


SOUTHERN REGIONAL HEALTH: Wants Until Feb. 25 to Reject Leases
--------------------------------------------------------------
Southern Regional Health System, Inc., d/b/a Southern Regional
Medical Center and its affiliated debtors sought and obtained from
Judge Wendy L. Hagenau of the U.S. Bankruptcy Court for the
Northern District of Georgia, Atlanta Division an extension of
their time to assume or reject non-residential real property leases
from Nov. 27, 2015 to Feb. 25, 2016.

The Debtors relate that Southern Regional is a tenant under 8
non-residential real property leases.  The Debtors further relate
that they anticipate that the sale of their assets will close on or
about Jan. 1, 2016, and that the Leases are subject to assumption
and assignment at closing as part of the sale transaction.

Southern Regional Health, doing business as Southern Regional
Medical Center and its affiliated debtors are represented by:

          J. Robert Williamson, Esq.
          Ashley Reynolds Ray, Esq.
          SCROGGINS & WILLIAMSON
          1500 Candler Building
          127 Peachtree Street, NE
          Atlanta, GA 30303
          Telephone: (404)893-3880
          Facsimile: (404)893-3886
          E-mail: rwilliamson@swlawfirm.com
                  aray@swlawfirm.com

              About Southern Regional Health System

Southern Regional Health System, Inc., owns the Southern Regional
Medical Center, a 331-licensed bed full-service hospital located in
Riverdale, Georgia.  Managed by Emory Healthcare, Inc., the
hospital serves residents throughout the region south of Atlanta.
As a leader in neurologic, heart & vascular, bariatric, and women's
healthcare services, Southern Regional's medical staff is comprise
of more than 480 physicians that blend their passion for healing
with advanced technology to offer the latest procedures and
treatments.

Southern Regional and its subsidiaries sought Chapter 11 protection
(Bankr. N.D. Ga. Case No. 15-64266) on July 30, 2015, in Atlanta,
Georgia.  The cases are assigned to Judge Wendy L. Hagenau.

Southern Regional estimated $50 million to $100 million in assets
and $100 million to $500 million in debt.  The Debtors' secured
creditors are Gemino Healthcare Finance, LLC, and U.S. Foods, Inc.

Gemino claims to be owed in excess of $10 million, while U.S. Foods
has a $60,000 claim.

The Debtors tapped Scroggins & Williamson, P.C., as bankruptcy
attorneys, Nelson Mulins Riley & Scarborough LLP, as outside
general counsel, and Kurtzman Carson Consultants LLC as claims and
balloting agent.

The Chapter 11 plan and disclosure statement are due Nov. 27,
2015.



SPIRE CORP: Needs More Time to File Form 10-Q
---------------------------------------------
Spire Corporation filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the quarter ended
Sept. 30, 2015.  

As previously disclosed the Company has limited cash resources and
liquidity, and has been exploring various alternatives on how to
fund working capital needs and institute cost reduction efforts.
The Company's current lack of sufficient cash resources, lack of
financing, delays in shipments of certain products coupled with the
corresponding delays in receipt of expected revenue from the sale
of such products, and the imposition of stricter payment terms from
certain of its suppliers, continue to constrain the Company's
liquidity and operations.  In January 2015, the Company's chief
financial officer resigned, and the Company's chief executive
officer currently acts as the Company's principal financial
officer.

In September 2015, the Company announced that it had engaged an
investment banking firm for the purpose of assessing strategic
alternatives, including, but not limited to, a potential sale of
the registrant or certain of its assets.  In October 2015, the
Company announced a small reduction in force and, due to
insufficient financial support, the suspension of all non-essential
operations until further notice.  In addition, on October 29, 2015,
the registrant was notified by its independent registered public
accounting firm, RSM US LLP (formerly McGladrey LLP), that RSM has
resigned as the Company's independent registered public accounting
firm effective immediately.  The registrant currently lacks the
financial resources to engage a new independent registered public
accounting firm.

Because the Company's management continues to devote considerable
attention to addressing the Company's financial and liquidity
issues and because of its lack of a full-time chief financial
officer and resignation of its independent auditor, the Company was
unable to complete its financial statements for its Quarterly
Report on Form 10-Q for the period ended Sept. 30, 2015, within the
prescribed time period without unreasonable effort or expense.

Although the Company has not completed its financial statements for
the quarterly period ended Sept. 30, 2015, the Company anticipates
significant changes in its results of operations compared to the
corresponding period of 2014 will be reflected by the earnings
statement to be included in its Form 10-Q.

The Company currently expects that its revenue will decrease by 66%
to 71% and 45% to 50%, respectively, for the three and nine months
ended Sept. 30, 2015, compared to the same periods in 2014, before
considering the effects of the presentation of discontinued
operations.  This expected change is primarily due to the
deconsolidation of its variable interest entity.  The Company
expects that its operating loss from continuing operations will
improve by 50% to 57% and 31% to 38%, respectively, for the three
and nine months ended Sept. 30, 2015, compared to the same periods
in 2014, before considering the effects of the presentation of
discontinued operations.  The Company expects that its net loss
will improve by 53% to 60% and 34% to 41%, respectively, for the
three and nine months ended Sept. 30, 2015, compared to the same
periods in 2014, before considering the effects of the presentation
of discontinued operations.  Since the financial statements for the
quarterly period ended Sept. 30, 2015, are not yet completed,
actual results may differ materially from its current
expectations.

                       About Spire Corp

Bedford, Massachusetts-based Spire Corporation currently develops,
manufactures and markets customized turn-key solutions for the
solar industry, including individual pieces of manufacturing
equipment and full turn-key lines for cell and module production
and testing.

Spire Corporation reported a net loss of $8.52 million in 2013, as
compared with a net loss of $1.85 million in 2012.

McGladrey LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company incurred an operating loss from continuing operations
of $8.4 million and cash used in operating activities of
continuing operations was $5.2 million.  The Company's credit
agreement with a bank is due to expire on April 30, 2014.  These
factors raise substantial doubt about its ability to continue as a
going concern.


SPORTS AUTHORITY: Said to Hire Rothschild to Work on Turnaround
---------------------------------------------------------------
Laura J. Keller and Lauren Coleman-Lochner, writing for Bloomberg
Brief - Distress & Bankruptcy, reported that the Sports Authority
Inc. has hired financial adviser Rothschild & Co. as it tries to
get its more than $643 million in debt under control, according to
two people with knowledge of the matter.

According to the report, citing the people, who asked not to be
identified because the hiring is private, the investment bank will
help the company, which is controlled by Leonard Green & Partners
LP, as it continues to implement a turnaround plan.  The company's
lenders have been exploring options to organize to protect their
investments, the people said, the Bloomberg report further cited.

Sports Authority's $300 million secured term loan due May 2017
becomes current, meaning it's a year away from maturity, in less
than six months, the report noted.  Companies typically have a
harder time refinancing current debt, Bloomberg said.

                       *     *     *

The Troubled Company Reporter, on July 3, 2015, reported that
Moody's Investors Service affirmed The Sports Authority Inc.'s
ratings, including its Caa1 Corporate Family Rating, Caa1-PD
Probability of Default Rating and Caa1 on the company's $300
million senior secured term loan. Concurrently, Moody's changed the
company's ratings outlook to stable from negative reflecting
improved liquidity due to the maturity extension of its
subordinated notes to February 19, 2018 from May 3, 2016. As a
result of the maturity extension, the maturity dates for Sports
Authority's ABL revolver and senior secured term loan will remain
May, 17, 2017 and November 16, 2017, respectively, and will not
accelerate to February 2, 2016.


STELLAR BIOTECHNOLOGIES: Oakes Reports 4.5% Stake as of Nov. 24
---------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Frank R. Oakes disclosed that as of Nov. 24, 2015, he
beneficially owns 381,585 common shares of Stellar Biotechnologies,
Inc. representing 4.5 percent, based on 8,424,758 common shares of
the Issuer issued and outstanding as of Nov. 1, 2015.  A copy of
the regulatory filing is available at:

                         http://is.gd/qVeAJI

                            About Stellar

Port Hueneme, Cal.-based Stellar Biotechnologies, Inc.'s
business is to commercially produce and market Keyhole Limpet
Hemocyanin ("KLH") as well as to develop new technology related to
culture and production of KLH and subunit KLH ("suKLH")
formulations.  The Company markets KLH and suKLH formulations to
customers in the United States and Europe.

KLH is used extensively as a carrier protein in the production of
antibodies for research, biotechnology and therapeutic
applications.

Stellar Biotechnologies reported a net loss of $8.43 million for
the year ended Aug. 31, 2014, a net loss of $14.5 million for the
year ended Aug. 31, 2013, and a net loss of $5.52 million for the
year ended Aug. 31, 2012.

As of June 30, 2015, the Company had $11.2 million in total assets,
$1.7 million in total liabilities and $9.4 million in total
shareholders' equity.


SUNVALLEY SOLAR: Incurs $430,000 Net Loss in Third Quarter
----------------------------------------------------------
Sunvalley Solar, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $429,639 on $817,481 of revenues for the three months ended
Sept. 30, 2015, compared to net income of $61,143 on $882,160 of
revenues for the same period during the prior year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $702,251 on $1.88 million of revenues compared to a net
loss of $427,012 on $901,788 of revenues for the same period a year
ago.

As of Sept. 30, 2015, the Company had $6.10 million in total
assets, $5.83 million in total liabilities and $271,209 in total
stockholders' equity.

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

                        http://is.gd/sv6kip

                        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.


TECHPRECISION CORP: Posts $255K Net Income for Second Quarter
-------------------------------------------------------------
TechPrecision Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $255,000 on $4.10 million of net sales for the three months
ended Sept. 30, 2015, compared to a net loss of $649,000 on $4.57
million of net sales for the same period during the prior year.

For the six months ended Sept. 30, 2015, the Company reported net
income of $461,000 on $8.47 million of net sales compared to a net
loss of $1.91 million on $10.8 million of net sales for the same
period a year ago.

As of Sept. 30, 2015, the Company had $10.58 million in total
assets, $9.79 million in total liabilities and $789,000 in total
stockholders' equity.

"This was another quarter of operational and financial progress, as
we delivered our second consecutive quarter of net profit and
expanded our sales order backlog by approximately $3 million in the
last six months," stated Alexander Shen, TechPrecision's chief
executive officer.  "Our continued efforts with our core customers
enabled us to expand our backlog at September 30, 2015 to
approximately $17.5 million compared to $14.3 million at March 31,
2015. We improved profitability in the second quarter of fiscal
year 2016 on a sales volume that was 10% lower than the same period
last fiscal year.  We ended Q2 FY2016 with a 25% decrease in
selling, general, and administrative expense, and had a net profit
of 6% compared to a net loss of 14% for Q2 FY15.  We achieved these
results with our consistent sharp focus on productivity
initiatives, resource realignment, and top line growth with key
customers."

"Moving forward, we intend to maintain the sharp focus that got us
to this point of our recovery," continued Mr. Shen.  "We plan to
increase our backlog and focus on new business contracts with our
core customers which utilize our core competencies in custom, large
scale, high precision fabrication and machining, and leverage our
established expertise, certifications, and qualifications in the
defense, nuclear, and precision industrial sectors.  We must
continue to execute and maintain operational run rate improvements
to improve gross margins, and increase the amount of cash generated
from operations."

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

                        http://is.gd/hjzsb0

                         About TechPrecision

TechPrecision Corporation (OTC BB: TPCSE), through its wholly owned
subsidiaries, Ranor, Inc., and Wuxi Critical Mechanical Components
Co., Ltd., globally manufactures large-scale, metal fabricated and
machined precision components and equipment.

TechPrecision reported a net loss of $3.58 million for the year
ended March 31, 2015, compared to a net loss of $7.09 million for
the year ended March 31, 2014.

Marcum LLP, in Bala Cynwyd, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the year
ended March 31, 2015, citing that the Company has suffered
recurring losses from operations, and the Company's liquidity may
not be sufficient to meet its debt service requirements as they
come due over the next twelve months.  These circumstances raise
substantial doubt about the Company's ability to continue as a
going concern.


TELKONET INC: Welcomes John Stark III as New CFO
------------------------------------------------
Telkonet, Inc., announced that John Stark III succeeds Gene
Mushrush as the Company's chief financial officer.  Mr. Stark joins
the Company from Water Tower Capital, LLC, a nationally recognized,
specialty investment banking firm, where he served as Managing
Principal.

Jason Tienor, CEO of Telkonet commented, "John's previous success
leading financial teams on the buy side and sell side, will be
invaluable as we continue to grow, develop momentum and
thoughtfully consider options to improve our capital structure and
up-list to a major exchange, at an appropriate time.  The Telkonet
Board and I look forward to working with John and are confident he
will be a tremendous asset to the business as we move forward."

Mr. Tienor continued, "The Board of Directors and I would like to
thank Gene for his years of dedicated service, wish him all the
best in his new endeavors and the best of luck for the future."

Mr. Stark's path to becoming an experienced investor and manager
began more than two decades ago when he joined the Minneapolis law
firm of Briggs and Morgan.  His work on a project finance
transaction led to him joining the client as Chief Operating
Officer and General Counsel, and within six months the client
completed an IPO.  John's career on the buy side began when he
joined the private placement group at Washington Square Capital,
and later as the head of the Special Investments Group at PPM
America, in Chicago.  John's experience on the sell side includes
being co-head of the Restructuring Group at Oppenheimer & Co. Inc.
in Los Angeles.  John has served as a director of: AET Films,
American Restaurant Group, Bucyrus International, Carolina Steel,
Cherrydale Farms, Coldwater Portfolio Partners, Crescent
Communications, IPM Automotive, LePages, NCH NuWorld Marketing,
Orius Tele-communications, Peebles, and PPM America. John has a
Bachelor's degree from Wabash College, and Juris Doctor degree from
Vanderbilt University School of Law.

The Company entered into an employment agreement with Mr. Stark for
a term commencing effective on Nov. 16, 2015, and expiring on Dec.
31, 2016.  The term of the employment agreement will automatically
renew for an additional 12 months unless either party provides
notice to the other of its intent to terminate the agreement or if
the agreement is otherwise terminated in accordance with its terms.
Mr. Stark will receive a base salary of $175,000 and bonuses and
benefits based on the Company's internal policies and on
participation in the Company's incentive and benefit plans.

                         About Telkonet

Milwaukee, Wisconsin-based Telkonet, Inc., is a clean technology
company that develops and manufactures proprietary energy
efficiency and smart grid networking technology.

Telkonet reported a net loss attributable to common stockholders
of $95,400 in 2014 following a net loss attributable to common
stockholders of $4.9 million in 2013.

As of Sept. 30, 2015, the Company had $11.5 million in total
assets, $5.35 million in total liabilities and $6.12 million in
total stockholders' equity.

BDO USA, LLP, in Milwaukee, Wisconsin, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2014, citing that the Company has a history of
losses from operations, a working capital deficiency, and an
accumulated deficit of $121,906,017 that raise substantial doubt
about its ability to continue as a going concern.


THERAPEUTICSMD INC: Files Copy of Investor Presentation with SEC
----------------------------------------------------------------
TherapeuticsMD, Inc., furnished with the Securities and Exchange
Commission an investor presentation which was used, in whole or in
part, and subject to modification, on Nov. 17, 2015, and will be
used at subsequent meetings with investors or analysts.  A copy of
the Presentation is available at http://is.gd/y5tbxg

                       About TherapeuticsMD

Boca Raton, Florida-based TherapeuticsMD, Inc. (OTC QB: TXMD) is a
women's healthcare product company focused on creating and
commercializing products targeted exclusively for women.  The
Company currently manufactures and distributes branded and generic
prescription prenatal vitamins as well as over-the-counter
vitamins and cosmetics.  The Company is currently focused on
conducting the clinical trials necessary for regulatory approval
and commercialization of advanced hormone therapy pharmaceutical
products designed to alleviate the symptoms of and reduce the
health risks resulting from menopause-related hormone
deficiencies.

TherapeuticsMD reported a net loss of $54.2 million on $15.02
million of net revenues for the year ended Dec. 31, 2014, compared
with a net loss of $28.4 million on $8.77 million of net revenues
for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $90.5 million in total
assets, $12.9 million in total liabilities and $77.6 million in
total stockholders' equity.


THOMPSON COBURN: Wants Trustee's Claims of Terrorism Dismissed
--------------------------------------------------------------
Alex Wolf at Bankruptcy Law360 reported that Thompson Coburn LLP
urged a Pennsylvania federal court on Nov. 23, 2015, to dismiss
claims brought by the Chapter 7 trustee of Valley Forge Composite
Technologies Inc., saying its downfall stemmed from the CEO's
decision to illegally sell military-grade components to China, not
the law firm's actions.

Trustee John P. Neblett is alleging Thompson Coburn attorney
Michael Hawthorne gave the anti-terrorism technology developer
"negligent" advice on what to report in a U.S. Securities and
Exchange Commission filing about the viability of a company
investment.


TONGJI HEALTHCARE: Incurs $101,500 Net Loss in Third Quarter
------------------------------------------------------------
Tongji Healthcare Group, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $101,500 on $566,000 of total operating revenue for the
three months ended Sept. 30, 2015, compared to a net loss of
$51,070 on $649,393 of total operating revenue for the same period
in 2014.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $260,000 on $1.76 million of total operating revenue
compared to a net loss of $133,000 on $1.86 million of total
operating revenue for the same period a year ago.

As of Sept. 30, 2015, the Company had $16.8 million in total
assets, $19.4 million in total liabilities and a $2.60 million
total stockholders' deficit.

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

                       http://is.gd/WgByDt

                      About Tongji Healthcare

Based in Nanning, Guangxi, the People's Republic of China, Tongji
Healthcare Group, Inc., a Nevada corporation, operates Nanning
Tongji Hospital, a general hospital with 105 licensed beds.

Tongji Healthcare reported a net loss of $462,000 on $2.52 million
of total operating revenues for the year ended Dec. 31, 2014,
compared with a net loss of $730,000 on $2.37 million of total
operating revenues for the year ended Dec. 31, 2013.


TONGJI HEALTHCARE: Needs More Time to File Q3 Form 10-Q
-------------------------------------------------------
Tongji Healthcare Group, Inc., said it has encountered a delay in
assembling the information, in particular its financial statements
for the quarter ended  Sept. 30, 2015, required to be included in
its Sept. 30, 2015, Form 10-Q Quarterly Report.  The Company
expects to file its Sept. 30, 2015, Form 10-Q Quarterly Report with
the U.S. Securities and Exchange Commission within five calendar
days of the prescribed due date.

                       About Tongji Healthcare

Based in Nanning, Guangxi, the People's Republic of China, Tongji
Healthcare Group, Inc., a Nevada corporation, operates Nanning
Tongji Hospital, a general hospital with 105 licensed beds.

Tongji Healthcare reported a net loss of $462,000 on $2.52 million
of total operating revenues for the year ended Dec. 31, 2014,
compared with a net loss of $730,000 on $2.37 million of total
operating revenues for the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $17.23 million in total
assets, $19.79 million in total liabilities and total stockholders'
deficit of $2.56 million.


TRANS ENERGY: Incurs $4.6 Million Net Loss in Third Quarter
-----------------------------------------------------------
Trans Energy, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $4.60 million on $2.71 million of total operating revenues for
the three months ended Sept. 30, 2015, compared to a net loss of
$7.30 million on $6.77 million of total operating revenues for the
same period during the prior year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $10.41 million on $10.80 million of total operating
revenues compared to a net loss of $19.78 million on $25 million of
total operating revenues for the same period a year ago.

As of Sept. 30, 2015, the Company had $101 million in total assets,
$129 million in total liabilities, and a $28.0 million total
stockholders' deficit.

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

                      http://is.gd/b3htRG

                       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.


TRANS ENERGY: Needs More Time to File Q3 Form 10-Q
--------------------------------------------------
Trans Energy, 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
Sept. 30, 2015.  The Company said it has not finalized its
financial statements for the period ended Sept. 30, 2015.
Accordingly, the Company said it could not complete and file its
Form 10-Q quarterly report by the due date, but expects its
financial statements and review of the financial statements will be
completed and the Form 10-Q finalized in order to file the report
within the prescribed extension period.

                       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 June 30, 2015, the Company had $103.39 million in total
assets, $126.92 million in total liabilities and a total
stockholders' deficit of $23.53 million.


TRANS-LUX CORP: Announces Completion of Rights Offering
-------------------------------------------------------
Trans-Lux Corporation announced the completion of its rights
offering, which expired at 5:00 p.m., Eastern Time, on Nov. 19,
2015.
  
The Company received subscriptions and over-subscriptions for a
total of 16,512 shares of its Series B Convertible Preferred Stock,
representing approximately 33% of the shares offered.  All of the
subscriptions and over-subscriptions were accepted, for aggregate
gross proceeds to the Company of approximately $3.3 million.  The
Company expects Continental Stock Transfer & Trust Company, the
subscription agent for the rights offering, to begin distributing
the shares and the sale proceeds early next week.

The Series B Convertible Preferred Stock carries a 6.0% cumulative
annual dividend and is convertible into shares of common stock at
an initial conversion price of $10.00 per share, representing a
conversion ratio of 20 shares of common stock for each share of
Series B Convertible Preferred Stock held at the time of
conversion, subject to adjustment.  The shares of Series B
Convertible Preferred Stock may be subject to mandatory conversion
after three years, or as early as one year if the closing sale
price of the common stock has been greater than or equal to $15.00
for 30 consecutive trading days.

                    About Trans-Lux Corporation

Norwalk, Conn.-based Trans-Lux Corporation (NYSE Amex: TLX) is a
designer and manufacturer of digital signage display solutions for
the financial, sports and entertainment, gaming and leasing
markets.

Trans-Lux Corporation incurred a net loss of $4.62 million on $24.4
million of total revenue for the year ended Dec. 31, 2014, compared
with a net loss of $1.86 million on $20.9 million of total revenue
for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $15.4 million in total
assets, $18.6 million in total liabilities and a total
stockholders' deficit of $3.24 million.

BDO USA, LLP, 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 and has a significant working capital deficiency that
raise substantial doubt about its ability to continue as a going
concern.  Further, the auditors said, the Company is in default of
the indenture agreements governing its outstanding 9-1/2%
Subordinated debentures which were due in 2012 and its 8-1/4%
Limited convertible senior subordinated notes which were due in
2012 so that the trustees or holders of 25% of the outstanding
Debentures and Notes have the right to demand payment immediately.
Additionally, the Company has a significant amount due to their
pension plan over the next 12 months.


TRANS-LUX CORP: Gabelli Funds Holds 35.4% Stake as of Nov. 19
-------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Gabelli Funds, LLC disclosed that as of Nov. 19, 2015,
it beneficially owns 699,190 shares of common stock of Trans-Lux
Corporation, representing 35.41 percent of the shares outstanding.
A copy of the regulatory filing is available at:

                       http://is.gd/vp7zAA

                    About Trans-Lux Corporation

Norwalk, Conn.-based Trans-Lux Corporation (NYSE Amex: TLX) is a
designer and manufacturer of digital signage display solutions for
the financial, sports and entertainment, gaming and leasing
markets.

Trans-Lux Corporation incurred a net loss of $4.62 million on $24.4
million of total revenue for the year ended Dec. 31, 2014, compared
with a net loss of $1.86 million on $20.9 million of total revenue
for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $15.4 million in total
assets, $18.6 million in total liabilities and a total
stockholders' deficit of $3.24 million.

BDO USA, LLP, 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 and has a significant working capital deficiency that
raise substantial doubt about its ability to continue as a going
concern.  Further, the auditors said, the Company is in default of
the indenture agreements governing its outstanding 9-1/2%
Subordinated debentures which were due in 2012 and its 8-1/4%
Limited convertible senior subordinated notes which were due in
2012 so that the trustees or holders of 25% of the outstanding
Debentures and Notes have the right to demand payment immediately.
Additionally, the Company has a significant amount due to their
pension plan over the next 12 months.


TRANS-LUX CORP: GAMCO Entities File Schedule 13D
------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, GAMCO Asset Management Inc. disclosed that as of Nov.
19, 2015, it beneficially owns 24,584 shares of common stock of
Trans-Lux Corporation representing 1.24 percent of the shares
outstanding.  A copy of the regulatory filing is available at
http://is.gd/1uovic

In an amended Schedule 13D filed with the SEC, GAMCO Investors,
Inc. disclosed that as of Nov. 23, 2015, it does not beneficially
own shares of common stock of Trans-Lux Corporation.  A copy of the
regulatory filing is available for free at http://is.gd/cwc7dO

                    About Trans-Lux Corporation

Norwalk, Conn.-based Trans-Lux Corporation (NYSE Amex: TLX) is a
designer and manufacturer of digital signage display solutions for
the financial, sports and entertainment, gaming and leasing
markets.

Trans-Lux Corporation incurred a net loss of $4.62 million on $24.4
million of total revenue for the year ended Dec. 31, 2014, compared
with a net loss of $1.86 million on $20.9 million of total revenue
for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $15.4 million in total
assets, $18.6 million in total liabilities and a total
stockholders' deficit of $3.24 million.

BDO USA, LLP, 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 and has a significant working capital deficiency that
raise substantial doubt about its ability to continue as a going
concern.  Further, the auditors said, the Company is in default of
the indenture agreements governing its outstanding 9-1/2%
Subordinated debentures which were due in 2012 and its 8-1/4%
Limited convertible senior subordinated notes which were due in
2012 so that the trustees or holders of 25% of the outstanding
Debentures and Notes have the right to demand payment immediately.
Additionally, the Company has a significant amount due to their
pension plan over the next 12 months.


TRUMP ENTERTAINMENT: Wants Until May 9 to Propose Chapter 11 Plan
-----------------------------------------------------------------
Carmen Germaine at Bankruptcy Law360 reported that Trump
Entertainment Resorts Inc. on Nov. 19, 2015, asked a Delaware
bankruptcy judge to extend the period in which it can exclusively
file a Chapter 11 reorganization plan, saying that it needs to
retain control in case a previously approved plan falls through.

The bankrupt Atlantic City, New Jersey, casino operator is seeking
to extend the time in which it is the only one permitted to propose
a Chapter 11 plan until May 9, saying that while it has continued
to work its way out of the case.

                      About Trump Entertainment

Based in Atlantic City, New Jersey, Trump Entertainment Resorts
Inc. (NASDAQ: TRMP) -- http://www.trumpcasinos.com/-- owns and   
operates three casino hotel properties in Atlantic City, New
Jersey, which include Trump Taj Mahal Casino Resort, Trump Plaza
Hotel and Casino, and Trump Marina Hotel Casino.  The Company
conducts gaming activities and provides customers with casino
resort and entertainment.

Donald Trump is a shareholder of the Company and, as its non-
executive Chairman, is not involved in the daily operations of the
Company.  The Company is separate and distinct from Mr. Trump's
privately held real estate and other holdings.

Trump Entertainment Resorts, TCI 2 Holdings, LLC, and other
affiliates filed for Chapter 11 protection on Feb. 17, 2009
(Bankr. D. N.J. Lead Case No. 09-13654).  The Company tapped
Charles A. Stanziale, Jr., Esq., at McCarter & English, LLP, as
lead counsel, and Weil Gotshal & Manges as co-counsel.  Ernst &
Young LLP served as the Company's auditor and accountant and
Lazard Freres & Co. LLC was the financial advisor.  Garden City
Group was the claims agent.  The Company disclosed assets of
$2,055,555,000 and debts of $1,737,726,000 as of Dec. 31, 2008.

Trump Hotels & Casino Resorts, Inc., filed for Chapter 11
protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898
through 04-46925).  Trump Hotels obtained the Court's confirmation
of its Chapter 11 plan on April 5, 2005, and in May 2005, it
exited from bankruptcy under the name Trump Entertainment Resorts
Inc.


UNI-PIXEL INC: Has Public Offering of Common Stock and Warrants
---------------------------------------------------------------
Uni-Pixel, Inc., announced that it commenced a public offering of
units, each unit consisting of one share of common stock and a
warrant to purchase one share of common stock.  The offering is
subject to market and other conditions, and there can be no
assurance as to whether or when the offering may be completed, or
as to the actual size or terms of the offering.

The offering will be conducted on a "best efforts" basis, with Roth
Capital Partners, LLC serving as the lead placement agent and
Ladenburg Thalman serving as co-placement agent.

The offering of the units will be made under the Company's
effective shelf registration statement (File No. 333-200316)
declared effective by the U.S. Securities and Exchange Commission
on July 10, 2015.  The Company will file a prospectus supplement
with the SEC for the offering to which this communication relates.
When available, the prospectus supplement and accompanying base
prospectus, meeting the requirements of Section 10 of the
Securities Act of 1933, as amended, may be obtained from Roth
Capital Partners at 888 San Clemente, Newport Beach, CA 92660 or by
calling (800) 678-9147 or e-mail at rothecm@roth.com, or by
visiting the EDGAR database on the SEC's web site at www.sec.gov.

                     About Uni-Pixel Inc.

The Woodlands, Tex.-based Uni-Pixel, Inc. (OTC BB: UNXL)
-- http://www.unipixel.com/-- is a production stage company       

delivering its Clearly Superior(TM) Performance Engineered Films
to the Lighting & Display, Solar and Flexible Electronics market
segments.

Uni-Pixel incurred a net loss of $25.7 million in 2014, a net loss
of $15.2 million in 2013 and a net loss of $9.01 million in 2012.

As of Sept. 30, 2015, the Company had $26.0 million in total
assets, $10.9 million in total liabilities and $15.04 million in
total shareholders' equity.


UNI-PIXEL INC: Prices Public Offering of Common Stock and Warrants
------------------------------------------------------------------
UniPixel, Inc., announced that it entered into subscription
agreements with investors for the sale of 9,625,871 units at a
public offering price of $0.85 per Unit in a public offering
resulting in expected gross proceeds to the Company of $8.1
million.

Each Unit consists of one share of UniPixel common stock, par value
$0.001 per share and one warrant to purchase one share of Common
Stock at an exercise price of $1.50 per share, exercisable for a
period of five years from the date of the closing of the Offering.

Roth Capital Partners, LLC acted as lead placement agent in the
Offering, with Ladenburg Thalmann & Co. Inc. serving as
co-placement agent under the terms of a placement agency agreement
entered into with Roth Capital Partners.  Under the Placement
Agency Agreement, the Company agreed to pay to the placement agents
an aggregate placement agent fee equal to 7% of the gross proceeds
of the Offering, subject to certain limitations as set forth in the
Placement Agency Agreement.

The Offering is expected to close on or prior to Nov. 30, 2015,
subject to satisfaction of customary closing conditions.  The
warrants will not be separately listed for trading.

The Offering was conducted on a "best efforts" basis pursuant to a
prospectus supplement and an accompanying prospectus filed as part
of an effective shelf registration statement (File No. 333-200316)
declared effective by the U.S. Securities and Exchange Commission
on July 10, 2015.  Copies of the preliminary prospectus supplement
and the accompanying prospectus relating to the offering are
available free of charge on the SEC's website at www.sec.gov.
Electronic copies of the preliminary prospectus supplement and the
accompanying prospectus may also be obtained from the offices of
Roth Capital Partners, 888 San Clemente, Suite 400, Newport Beach,
CA 92660, (800) 678-9147, or by accessing the SEC’s website,
www.sec.gov

                       About Uni-Pixel Inc.

The Woodlands, Tex.-based Uni-Pixel, Inc. (OTC BB: UNXL)
-- http://www.unipixel.com/-- is a production stage company       

delivering its Clearly Superior(TM) Performance Engineered Films
to the Lighting & Display, Solar and Flexible Electronics market
segments.

Uni-Pixel incurred a net loss of $25.7 million in 2014, a net loss
of $15.2 million in 2013 and a net loss of $9.01 million in 2012.

As of Sept. 30, 2015, the Company had $26.0 million in total
assets, $10.9 million in total liabilities and $15.04 million in
total shareholders' equity.


UNITED BANCSHARES: Incurs $210K Net Loss in Third Quarter
---------------------------------------------------------
United Bancshares, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $209,909 on $636,457 of total interest income for the three
months ended Sept. 30, 2015, compared to a net loss of $182,996 on
$737,636 of total interest income for the same period in 2014.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $313,006 on $1.97 million of total interest income
compared to a net loss of $607,195 on $2.15 million of total
interest income for the same period a year ago.

As of Sept. 30, 2015, the Company had $59.14 million in total
assets, $56.23 million in total liabilities and $2.91 million in
total shareholders' equity.

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

                     http://is.gd/v6Uurn

                   About United Bancshares

Located in Philadelphia, Pennsylvania, United Bancshares, Inc., is
an African American controlled and managed bank holding company
for United Bank of Philadelphia, a commercial bank chartered in
1992 by the Commonwealth of Pennsylvania, Department of Banking.

United Bancshares reported a net loss of $343,000 on $2.90 million
of total interest income for the year ended Dec. 31, 2014, compared
with a net loss of $669,000 on $2.90 million of total interest
income for the year ended Dec. 31, 2013.

McGladrey LLP, in Blue Bell, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, noting that the Company's regulatory capital
amounts and ratios are below the required levels stipulated with
Consent Orders between the Company and its regulators under the
regulatory framework for prompt corrective action.  Failure to meet
the capital requirements exposes the Company to regulatory
sanctions that may include restrictions on operations and growth,
mandatory asset disposition, and seizure of the Company.  These
matters raise substantial doubt about the ability of the Company to
continue as a going concern.


UNIVERSITY OF NORTH CAROLINA: S&P Affirms BB Rating on 2010 Bonds
-----------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook to positive
from stable and affirmed its 'BB' rating on The Board of Governors
of the University of North Carolina's (UNCP) series 2010A and 2010B
limited obligation bonds, secured by dormitory system rental
revenue.  At the same time, S&P affirmed its 'A-' issuer credit
rating (ICR) on UNCP.  The outlook on the ICR is stable.

"The positive outlook on the series 2010A and 2010B bonds reflects
recent enrollment growth at UNCP, which has translated into
improved occupancy and improved debt service coverage in fiscal
2015," said Standard & Poor's credit analyst Nick Waugh. Management
expects occupancy to remain solid in fiscal 2016 with improved debt
service coverage (DSC).

"The 'BB' rating on the series 2010 bonds reflects, what we
consider, adequate coverage for project housing and stronger DSC
for the dormitory system with growing enrollment and improved
occupancy," added Mr. Waugh.  "We believe somewhat offsetting
factors include historical enrollment decreases, the violation of a
DSC covenant in fiscal 2012, and the historical reliance on Build
America Bonds subsidy payments to achieve break-even DSC for
project housing even at 94% occupancy."

The project achieved stronger than break-even DSC, excluding the
BABs subsidy, in fiscal 2015; S&P views this development
positively.

The 'A-' ICR on the university reflects UNCP's modest demand
profile, deficit operations on a GAAP basis, and just-adequate
financial resources compared to median category ratios.  Solid
levels of state support, positive operating performance on a cash
basis, and a modest debt burden support the current rating.

The positive outlook on the series 2010A and 2010B limited
obligation bonds reflects S&P's view of improved occupancy and
coverage in fiscal 2015 and management's projection of continued
strong occupancy and stronger DSC for the system and the project in
fiscal 2016.  A trend of strong occupancy with projected DSC that
is in excess of 1x excluding the Build America Bonds (BABS) subsidy
could lead to an upgrade during the outlook period.  S&P would
consider revising the outlook to stable if occupancy declines and
project DSC falls below 1x excluding the BABS subsidy.

The stable outlook on the ICR reflects Standard & Poor's opinion
that during the two-year outlook period, enrollment will likely
remain stable or grow modestly, university financial performance
will likely be balanced on at least a cash basis, and financial
resource ratios will likely remain at current levels.  Although S&P
do not expect to lower the ICR during the outlook period,
significant enrollment decreases could trigger S&P's consideration
of lowering the ICR.  Additional credit factors that could result
in S&P's lowering the rating include significant deficit financial
operations and the issuance of significant additional debt that
diminishes financial resource ratios compared with the rating
category.  Raising the ICR during the outlook period is unlikely
due to the university's modest demand profile and just-adequate
financial resources compared with the rating category.  Credit
factors that could lead a higher rating beyond the outlook period
could include a significant improvement in demand and growing
enrollment, a trend of surplus operations on a full-accrual basis,
and the significant improvement of financial resource ratios
compared with the rating category.



URANIUM ONE: Fitch Affirms 'BB-' Issuer Default Rating
------------------------------------------------------
Fitch Ratings has affirmed Canada-incorporated Uranium One Inc.'s
Long-term foreign currency Issuer Default Rating at 'BB-'.  The
Outlook is Stable.

Uranium One's IDR includes a three-notch uplift from Fitch's
standalone assessment of 'B-' for support from its wholly
state-owned parent, JSC Atomic Energy Power Corporation
(Atomenergoprom, BBB-/Negative), and, ultimately, the Russian
Federation (BBB-/Negative).  Atomenergoprom is an integral part of
State Atomic Energy Corporation Rosatom (Rosatom), the world's
leader in integrated uranium production, nuclear power plant
engineering, fabrication and construction, and a top nuclear power
utility in Russia.  Fitch views the strategic and operational ties
as strong between Uranium One and Atomenergoprom and ultimately
Rosatom. More robust legal ties, eg, financial guarantees for a
large portion of Uranium One's debt would result in a closer rating
alignment between Uranium One and Atomenergoprom.

Uranium One's standalone creditworthiness is constrained by its
small size, its dependence on dividends from its joint ventures
(JVs) operating in Kazakhstan, and exposure to a single commodity
and, largely, spot uranium prices.  As Fitch expected, the
company's funds from operations (FFO) adjusted gross leverage
exceeded 15x in 2014 and is likely to remain above 8x in 2015 due
to weak EBITDA generation and relatively low dividends received
from JVs during the period of depressed uranium spot prices.  Based
on our conservative price forecast for triuranium octoxide (U3O8)
increasing from USD37 per pound (lb) in 2016 to USD45/lb until
2019, Fitch expects that Uranium One's FFO, which includes a
proportionate share of dividends from JVs, will materially improve
in 2016-2017 and its FFO adjusted gross leverage will drop to about
3.6x by end-2017, in line with our rating guidance.

KEY RATING DRIVERS

Strategic Uranium Mining Asset

Uranium One's low-cost position in extraction of U3O8 is important
for Rosatom's group successful development.  As Rosatom owns 36% of
global uranium enrichment capacity, it needs low-cost feedstock to
maintain enrichment profit margins and requires contracted uranium
supply to attract reactor customers.  With expected 2015 cash costs
of USD13/lb, Uranium One is one of the lowest-cost uranium
producers globally.  Nearly all of its production comes from
Kazakhstan from JVs with JSC National Atomic Company Kazatomprom
(Kazatomprom, BBB-/Stable).

Rosatom's strong strategic and operational ties with Uranium One
are key to the parent maintaining its long-term aim of being a
leader across global nuclear markets.  Uranium One has a strategic
off-take agreement with Rosatom's subsidiary, to which it sells
over half of its production predominantly at spot-based prices.
Uranium One also acts as Rosatom's international marketing arm and
has long-term off-take agreements with customers in Asia, the US
and Europe.

'B-' Standalone Profile

Uranium One's standalone creditworthiness is constrained by its
small size, dependence on production and dividends from the JVs,
exposure to a single commodity and spot uranium prices and high
current and expected FFO adjusted gross leverage.  Uranium One
depends almost exclusively on dividends from JVs to service its
debt.  In 9M15, it received USD53.6 mil. in dividends from JVs,
down from USD67.6 mil. a year ago.  At Sept. 30, 2015, it had
USD63.5 mil. in dividends receivable from its JVs for 2014 results,
while it used up USD112.4 mil. in operating cash flows. In 2015,
Uranium One expects that its total attributable production will
reach 12.2 mil. lbs of uranium.

As uranium prices have re-bounded in 2015, Fitch expects that from
2016 Uranium One's incoming dividend stream will improve
noticeably.

Based on uranium U3O8 futures prices of USD37/lb in 2016, USD40/lb
in 2017, USD43/lb in 2018 and USD45/lb in 2019, Fitch expects that
in 2016 the company's FFO, including income from
wholly-consolidated operations and a proportionate share of
dividends from JVs, will start recovering.  Uranium One's JVs have
largely reached their design capacity and are generally debt-free,
enabling them to distribute most of their free cash flow as
dividends.  Fitch forecasts that FFO-adjusted leverage will also
improve to 3.7x at end-2016, and then to about 3.6x (gross) and
about 2.7x (net) by end-2017.

JV's cash costs were down in 9M15 on tenge devaluation in August
2015 yoy, and Fitch expects them to stay at around USD11/lb on
average in the medium term, assuming a broadly stable exchange rate
for the Kazakh tenge.

Low-Cost Position Beneficial

Uranium One mines nearly all of its uranium from its Kazakhstan's
JVs using the in-situ leaching or recovery (ISR) method.  In 9M15
the company had cash costs of USD13/lb, flat yoy, while its 3Q15
cash costs were only USD10/lb on 40% YTD Kazakh tenge depreciation.
The company sells its uranium predominately at spot-based prices,
which distinguishes it from some other miners eg, Kazatomprom,
which sell their uranium at a mix of long-term and spot prices.
Uranium One's realized price increased in 9M15 to USD37/lb, up from
32/lb in 9M14.

Uranium Future Brightens

In June 2014 spot uranium prices touched a multi-year low of
USD28/lb, before improving to about USD36/lb by end-2014.  In 10M15
average spot uranium prices were USD36.7/lb, up from USD32.4/lb in
10M14.

Despite the fact that two Japanese nuclear reactors - Sendai 1 and
Sendai Unit 2 - have been restarted recently and more are expecting
approvals, Uranium One expects mild upward price pressure through
end-2015 as suppliers have had to lower offer prices to compete
with available mid-term material.  UxC, a nuclear consultancy,
estimates that global primary production will increase in 2015 by
6m lbs U3O8 (or by 4%) to 151m lbs U3O8. Combined with secondary
supplies, aggregate supply in 2015 will total 191m lbs U3O8, or 17m
lbs higher than UxC's base case demand of 174m lbs U3O8.

UxC's long-term growth outlook for global uranium demand remains
positive, as it forecasts 2030 uranium demand of 264m lbs U3O8, a
52% increase on 2015.  There are currently 67 reactors under
construction in 15 countries with total generating capacity of 66
gigawatts (GW).  In total, there are 440 reactors in 31 countries
with 380GW of operable nuclear generating capacity, providing about
12% of global electricity supply.

KEY ASSUMPTIONS

Fitch's key assumptions within our rating case for Uranium One
include:

   -- 3% average annual growth in attributable uranium production
      and sales in 2016-2019.

   -- U3O8 prices of USD36/lb in 2015, USD37/lb in 2016, USD40/lb
      in 2017, USD43/lb in 2018 and USD45/lb in 2019.

   -- Average USD/KZT exchange rate equal to 282.5 in 2016 and
      297.5 thereafter.

   -- Net working capital changes and capex in line with
      management's projections.

   -- Dividends from JVs growing in 2016-2019 due to increasing
      uranium prices and relatively weak tenge exchange rate.

RATING SENSITIVITIES

Positive: Future developments that could lead to positive rating
action include:

   -- Stronger legal linkage with the parent, ie, financial
      guarantees for a large portion of Uranium One's debt or
      cross default provisions that would include Uranium One.

   -- Improved financial profile, e.g., FFO-adjusted gross
      leverage of below 3x and FFO fixed charge cover of at least
      4x on a sustained basis (end-2014: 15.3x and 0.9x,
      respectively), which would be positive for Uranium One's
      standalone profile.

Negative: Future developments that could lead to negative rating
action include:

   -- Weakening linkage with the parent, eg, the inability to
      obtain timely refinancing from the parent company or its
      subsidiaries, which could result in Fitch reviewing the
      current level of parental support.

   -- Weak liquidity due to lower than expected dividends from JVs

      as a result of sustained depressed uranium prices.

   -- Failure to improve the financial profile by end-2017
      including FFO-adjusted gross leverage of above 4x and FFO
      interest coverage of less than 2x based on mid-cycle uranium

      price assumptions, which would be negative for the
      standalone profile.

LIQUIDITY

Uranium One had USD132 mil. of unrestricted cash at Sept. 30, 2015,
while the company's short-term debt was negligible USD8 mil. Fitch
estimates that Uranium One's FCF will be broadly neutral in 2015
provided that in 4Q15 it receives USD64 mil. of remaining JVs
dividends for 2014.  Uranium One's repayments will amount to
approximately USD81m under its rouble bond due in 2016 and around
USD389m under its rouble bond due in 2020 , including amounts under
cross currency swaps.  Other long-term debt of the company includes
USD267m dollar-denominated notes due in 2018, and a USD50m related
party loan due in 2020.

FULL LIST OF RATING ACTIONS

Uranium One Inc.

   -- Long-term foreign currency IDR: affirmed at 'BB-'; Outlook
      Stable
   -- Long-term local currency IDR: affirmed at 'BB-'; Outlook
      Stable
   -- Foreign currency Short-term IDR: affirmed at 'B'
   -- Local currency Short-term IDR: affirmed at 'B'
   -- Senior unsecured rating: affirmed at 'BB-'

Uranium One Investments Inc.'s USD300m 6.25% notes due 2018

   -- Senior unsecured rating: affirmed at 'BB-' with the RR4
      recovery rating.



VERITEQ CORP: Salberg & Co. Replaces EisnerAmper as Accountants
---------------------------------------------------------------
EisnerAmper LLP resigned as Veriteq Corporation's independent
registered public accounting firm on Nov. 18, 2015.  With the
approval of its Audit Committee, the Company appointed Salberg &
Company, P.A. as the Company's new independent registered public
accounting firm.

The audit report of EisnerAmper on the Company's financial
statements for the years ended Dec. 31, 2014, and 2013 did not
contain an adverse opinion or disclaimer of opinion, and was not
qualified or modified as to uncertainty, audit scope or accounting
principles, except that the audit report stated that there was
substantial doubt about the Company's ability to continue as a
going concern.

The Company said that EisnerAmper's resignation was not a result of
any disagreements.

During the two most recent fiscal years ended Dec. 31, 2014, and
through the subsequent interim period prior to the Company's
appointment of Salberg, the Company did not consult with Salberg.

                           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 liabilties, $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.


VERSO PAPER: Incurs $111 Million Net Loss in Third Quarter
----------------------------------------------------------
Verso Paper Holdings LLC filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $111 million on $782 million of net sales for the three months
ended Sept. 30, 2015, compared to a net loss of $37 million on $350
million of net sales for the same period a year ago.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $293 million on $2.36 billion of net sales compared to
a net loss of $170 million on $970 million of net sales for the
same period during the prior year.

As of Sept. 30, 2015, the Verso Holdings had $2.91 billion in total
assets, $3.89 billion in total liabilities and a total deficit of
$974 million.

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

                       http://is.gd/xyC03f

                           About Verso

Verso is a North American producer of coated papers, including
coated groundwood and coated freesheet, and specialty products.
Verso is headquartered in Memphis, Tennessee, and owns three paper
mills located in Maine and Michigan.  Verso's paper products are
used primarily in media and marketing applications, including
magazines, catalogs and commercial printing applications such as
high-end advertising brochures, annual reports and direct-mail
advertising.  Additional information about Verso is available on
its Web site at http://www.versopaper.com/  

Verso Paper reported a net loss of $356 million on $1.29 billion
of net sales for the year ended Dec. 31, 2014, compared with a net
loss of $111 million on $1.38 billion of net sales in 2013.

                       *     *     *

The Troubled Company Reporter, on Aug. 25, 2015, reported that
Moody's Investors Service says Verso Paper Holdings LLC's (B3,
stable) announcement that it will shut down a pulp dryer and coated
paper machine and indefinitely idle a paper mill will further
strain the company's already weak liquidity position and adds
further uncertainty in the company's ability to achieve its synergy
target.  However, the optimization of the remaining capacity at the
Company's Androscoggin mill in Maine should led to a reduction
incosts with the elimination of fixed charges and high cost
peakpower consumption.

As reported by the TCR on July 3, 2015, Standard & Poor's Ratings
Services said it raised its corporate credit rating on Verso Paper
Holdings LLC and its parent Verso Paper Finance Holdings LLC to
'B-' from 'SD'.

The TCR reported on Jan. 16, 2015, that Moody's Investors Service
upgraded Verso Paper Holdings LLC's corporate family rating (CFR)
to B3 from Caa3 and changed the probability of default rating
(PDR) to B3-PD/LD from Caa3-PD.  Verso's B3 CFR primarily reflects
Moody's expectation that initial proforma leverage of about 9
times can be brought down to mid-6 times through synergy cost
savings and cost improvements following the acquisition of NewPage,
despite a continuing structural decline in demand for coated paper.


VICTORY ENERGY: Settles Litigation with Trilogy
-----------------------------------------------
Aurora Energy Partners, a partnership of which Victory Energy
Corporation is the managing partner and owner of 50% of the
outstanding partnership interests, the Company and Trilogy
Operating, Inc. entered into a Settlement Agreement and Release to
settle the outstanding litigation between Aurora and Trilogy in the
case styled Trilogy Operating, Inc. v. Aurora Energy Partners,
which was pending in Howard County, Texas.

Pursuant to the Settlement Agreement and Release, Aurora agreed to
assign any and all of its interests in four specified wells located
in Glasscock and Howard Counties, those being Wagga Wagga #2, Homar
#1, Ballarat '185' #1 and BOA North #5.  Aurora's assignment of the
Obligation Wells will be effective as of May 1, 2014.  Aurora and
Trilogy further agreed to mutually release each other from any and
all demands, claims and causes of action, whether known or unknown,
asserted or unasserted, in the Litigation, but only insofar as such
claims, demands and causes of action pertain to and are related or
connected to the Obligation Wells.

The Company has not historically included any production or reserve
information in its financial or operational reporting in any of its
prior filings for these Obligation Wells.  The Company will record
a $637,000 non cash gain on the settlement of this matter in its
fourth quarter 2015 results of operations.

                       About Victory Energy

Austin, Texas-based Victory Energy Corporation is engaged in the
exploration, acquisition, development and exploitation of domestic
oil and gas properties.  Current operations are primarily located
onshore in Texas, New Mexico and Oklahoma.

Victory Energy reported a net loss of $4.22 million in 2014
following a net loss of $2.11 million in 2013.

As of Sept. 30, 2015, the Company had $1.89 million in total
assets, $4.13 million in total liabilities, and a $2.24 million
total stockholders' deficit.

Weaver and Tidwell, L.L.P., in Houston, Texas, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has
experienced recurring losses since its inception and has an
accumulated deficit, which raise substantial doubt regarding the
Company's ability to continue as a going concern.


VIGGLE INC: Fails to Company with Nasdaq Requirement
----------------------------------------------------
Viggle Inc. received a letter from the Listing Qualifications
Department of The Nasdaq Stock Market notifying the Company that
the Staff has determined that the Company violated the shareholder
approval requirements of Listing Rule 5550(b)(1).  

Listing Rule 5550(b)(1) requires that companies listed on the
NASDAQ Capital Market are required to maintain a minimum of
$2,500,000 in stockholders' equity for continued listing.  The
Company's Quarterly Report on Form 10-Q for the period ended
Sept. 30, 2015, reported stockholders' equity of $2,107,000.  As of
Sept. 18, 2015, the Company does not meet NASDAQ's alternatives of
market value of listed securities or net income from continuing
operations.

The Letter has no current effect on the listing of the Company's
common stock.  The Company has until Jan. 4, 2016, to submit a plan
to regain compliance with NASDAQ listing requirements to NASDAQ.
The Company intends to regain compliance, and is working to develop
a plan to regain compliance to be submitted to NASDAQ promptly.

                            About Viggle

New York City-based Viggle Inc. is a loyalty marketing company.
The Company has developed a loyalty program for television that
gives people real rewards for checking into the television shows
they are watching on most mobile operating system.  Viggle users
can redeem their points in the app's rewards catalog for items
such as movie tickets, music, or gift cards.

Viggle reported a net loss attributable to common stockholders of
$78.9 million on $25.5 million of revenue for the year ended
June 30, 2015, compared to a net loss attributable to common
stockholders of $68.1 million on $17.98 million of revenues for the
year ended June 30, 2014.

As of Sept. 30, 2015, the Company had $74.0 million in total
assets, $59.8 million in total liabilities, $12.04 million in
series C convertible preferred stock and $2.10 million in total
stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
June 30, 2015, citing that the Company has suffered recurring
losses from operations and at June 30, 2015, has a deficiency in
working capital that raise substantial doubt about its ability to
continue as a going concern.


VIGGLE INC: Receives Noncompliance Notice from Nasdaq
-----------------------------------------------------
Viggle Inc. received written notice from the Listing Qualifications
Department of The NASDAQ Stock Market LLC notifying the Company
that for the preceding 30 consecutive business days, the Company's
common stock did not maintain a minimum closing bid price of $1.00
per share as required by NASDAQ Listing Rule 5550(a)(2).  

The notice has no immediate effect on the listing or trading of the
Company's common stock and the common stock will continue to trade
on The NASDAQ Capital Market under the symbol "VGGL" at this time.
In accordance with NASDAQ Listing Rule 5810(c)(3)(A), the Company
has a cure period of 180 calendar days, or until May 18, 2016, to
regain compliance with NASDAQ Listing Rule 5550(a)(1). Compliance
can be achieved automatically and without further action if the
closing bid price of the Company's stock is at or above $1.00 for a
minimum of 10 consecutive business days at any time during such
180-day period, in which case NASDAQ will notify the Company of its
compliance and the matter will be closed.  The Company is currently
considering available options to resolve this listing deficiency
and to regain compliance promptly.

                            About Viggle

New York City-based Viggle Inc. is a loyalty marketing company.
The Company has developed a loyalty program for television that
gives people real rewards for checking into the television shows
they are watching on most mobile operating system.  Viggle users
can redeem their points in the app's rewards catalog for items
such as movie tickets, music, or gift cards.

Viggle reported a net loss attributable to common stockholders of
$78.9 million on $25.5 million of revenue for the year ended
June 30, 2015, compared to a net loss attributable to common
stockholders of $68.1 million on $17.98 million of revenues for the
year ended June 30, 2014.

As of Sept. 30, 2015, the Company had $74.0 million in total
assets, $59.8 million in total liabilities, $12.04 million in
series C convertible preferred stock and $2.10 million in total
stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
June 30, 2015, citing that the Company has suffered recurring
losses from operations and at June 30, 2015, has a deficiency in
working capital that raise substantial doubt about its ability to
continue as a going concern.


VIRTUAL PIGGY: Issues $20,000 Promissory Note to Investor
---------------------------------------------------------
Virtual Piggy, Inc., issued a $20,000 principal amount unsecured
Promissory Note to Martha McGeary Snider on Nov. 19, 2015,
pursuant to a Promissory Note Agreement.  The Investor also
received a two-year Warrant to purchase 4,000 shares of Company
common stock at an exercise price of $0.90 per share.  Ms. McGeary
Snider is Chairman of the Board of the Company.

The Note bears interest at a rate of 10% per annum and matures on
the six month anniversary of the issuance date, or on such earlier
date that (i) the Company completes the closing of a specified
joint venture agreement or (ii) the Company completes the sale of
at least an additional $1 million of 10% Secured Convertible
Promissory Notes.

                 About Oink (Virtual Piggy, Inc.)

Virtual Piggy is the provider of Oink, a secure online and in-store
teen wallet.  Oink enables teens to manage and spend money within
parental controls, while gaining valuable financial management
skills.  The technology company also delivers payment platforms
designed for the Under 21 age group in the global market, and
enables online businesses the ability to function in a  manner
consistent with the Children's Online Privacy Protection Act and
similar international children's privacy laws.  The company, based
in Hermosa Beach, CA, is on the Web at: http://www.oink.com/and
holds three technology patents, US Patent No. 8,762,230, 8,650,621
and 8,812,395.

As of Sept. 30, 2015, the Company had $1.31 million in total
assets, $6.26 million in total liabilities, all current, and a
$4.94 million stockholders' deficit.

Virtual Piggy reported a net loss of $9.65 million in 2014, a net
loss of $16 million in 2013 and a net loss of $12.03 million in
2012.

Morison Cogen LLP, in Bala Cynwyd, PA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company's losses from
development stage activities raise substantial doubt about its
ability to continue as a going concern.


VIRTUAL PIGGY: Kathe Anchel Joins as CEO, Martha Snider as Chairman
-------------------------------------------------------------------
Virtual Piggy, Inc., announced the addition of Kathe Anchel to
Virtual Piggy as CEO, and Martha McGeary Snider to Virtual Piggy as
chairman of the Board.

Kathe Anchel (pronounced Kayta) joins with more than 15 years of
diversified experience leading across product, design and strategy
organizations.  Kathe has dedicated her career to building - and
nurturing teams that build - impactful digital product experiences
and platform business models.

With a focus on bridging payments technologies with content and
commerce, she has worked with global leaders in finance, mobile
payments, education, healthcare, retail and content to launch and
grow products and brands.  Prior to joining Oink, Kathe served as a
leader within the Global Consumer Products team of PayPal and
previously at eBay Enterprises heading up product experience
design.

With a passion for delivering solutions to the youth market, Kathe
will lead Oink into the youth payments space that not only connects
young people and families with a safe, secure way to receive,
manage and spend money, but also delivers the last mile of
financial literacy for 21st century youth. In her free time, Käthe
pens young adult novels and is the mother of two boys and a girl
(aka her captive focus group).

"I am energized to join this venture at a time when, as parents
(and as a company), we're competing for the attention of our young
people with streaming media content that is exploding in quantity,
diversity and channel distribution.  How do you tackle something
like financial literacy and safe commerce in a world like this?  We
start with fueling experiences and conversations that give young
people the tools and a foundation for how to measure and create
value. How our world structures and perceives the complex idea of
value - whether it is the value of currency, time, services, ideas,
or connections - greatly influences a young person's view of their
own self-worth and opportunities for growth," said Kathe Anchel,
CEO of Virtual Piggy.  "Our mission is to become a platform for
change that empowers young people to make smart choices around the
things they value in life, setting them up to become financially
responsible and impactful citizens."

Anchel added that, "as a parent, sometimes it can seem like it is
easier to talk about sex than it is to talk about money.  But we as
parents come by this honestly.  Historically, financial literacy
has been an elective at best, absent from most curriculums and
avoided in family dialog.  If we're going to truly prepare our
children for the real world, we need a catalyst for building new
habits and for starting new conversations.  We believe we can be
that catalyst."

Martha McGeary Snider has served as the chair of the Board of
Advisors for Virtual Piggy, Inc. since 2012.  Her role in the
company is inspired by her desire to empower the younger generation
to become financially literate and socially active change-makers
across the world.  She is an award-winning philanthropist, business
and cultural consultant and is recognized as an innovative and
strategic leader.  Ms. McGeary Snider served as Policy Advisor on
Arts and Culture, Commonwealth of Pennsylvania, under Governor
Edward G. Rendell's administration. She serves on numerous national
and international philanthropic boards focusing on education
advocacy and cultural enrichment.  Ms. McGeary Snider received The
President's Volunteer Service Award for her distinguished
contributions in philanthropy. Her expertise and success in fund
raising, networking and marketing brings strength to the board's
collective qualifications, skills and experience.

"Being a part of building a safe and easy way for the younger
generation to be financially literate social change agents is an
inspiring opportunity.  I am proud to serve as chair of the board
of directors and to be a part of a team that is focused and
dedicated to creating tools that empower our youngest generation,"
said Ms. McGeary Snider about her new role as Chairman of the Board
for Virtual Piggy.

"I am thrilled to be collaborating with Kathe Anchel, whose deep
and respected experience in the e-commerce industry and hands-on
insights as an active mother will inform and guide our dedication
to serve the expanding and promising world of young mobile
consumers; our future," added Ms. McGeary Snider in regards to the
addition of Ms. Anchel to Virtual Piggy's leadership.

"I'm pleased to be leading this mission and joining at the same
time as Martha, whose record of nurturing organizations for social
change will be critical to propelling us forward," said Ms.
Anchel.

Oink promotes financial management while empowering millennials and
generation Z to make purchasing, saving and other money management
decisions for themselves, within set boundaries.  Oink's technology
serves as a digital wallet, supported by the Oink Card, a Discover
prepaid card that allows safe and secure transactions.

On Nov. 13, 2015, Jo Webber stepped down from her positions as
Chief Executive Officer and a member of the Board of Directors of
Virtual Piggy, Inc.  In connection with her departure from the
Company, the Company agreed to extend the exercise period of Ms.
Webber's stock option to purchase a total of 2,000,000 shares of
the Company’s common stock at an exercise price of $0.65 to its
current expiration date in March 2017.  Ms. Webber also agreed to
immediately relinquish and terminate her outstanding stock option
to purchase a total of 3,000,000 shares of the Company's common
stock at an exercise price of $0.04 per share.
  
                   About Oink (Virtual Piggy, Inc.)

Virtual Piggy is the provider of Oink, a secure online and in-store
teen wallet.  Oink enables teens to manage and spend money within
parental controls, while gaining valuable financial management
skills.  The technology company also delivers payment platforms
designed for the Under 21 age group in the global market, and
enables online businesses the ability to function in a  manner
consistent with the Children's Online Privacy Protection Act and
similar international children's privacy laws.  The company, based
in Hermosa Beach, CA, is on the Web at: http://www.oink.com/and
holds three technology patents, US Patent No. 8,762,230, 8,650,621
and 8,812,395.

Virtual Piggy reported a net loss of $9.65 million in 2014, a net
loss of $16 million in 2013 and a net loss of $12.03 million in
2012.

As of Sept. 30, 2015, the Company had $1.31 million in total
assets, $6.26 million in total liabilities, all current, and a
$4.94 million stockholders' deficit.

Morison Cogen LLP, in Bala Cynwyd, PA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company's losses from
development stage activities raise substantial doubt about its
ability to continue as a going concern.


VISCOUNT SYSTEMS: 3 Directors Quit Over Proposed Financing
----------------------------------------------------------
In connection with a proposed financing for Viscount Systems, Inc.,
each of Dennis Raefield, George Eli Birnbaum and Robert Liscouski
resigned as directors of the Company.  Messrs. Raefield and
Liscouski indicated that their resignations were directly related
to the proposed financing since they could not vote to approve the
financing.

"I too am dissatisfied with the course our latest financing has
taken," states Mr. Raefield in his letter of resignation.  "I
cannot in good conscience agree to financing that destroys common
shareholder value.  A "No" vote on the proposed terms closes off
the company's desperate need of cash, but a "Yes" vote basically
puts the assets of the company at high risk for the benefit of
preferred shareholders."

On Nov. 9, 2015, Craig Nemiroff was appointed as a director of the

Company.

                          About Viscount Systems

Burnaby, Canada-based Viscount Systems, Inc., is a manufacturer,
developer and service provider of access control security
products.

Viscount Systems reported a net loss and comprehensive loss of
C$991,000 on C$4.76 million of sales for the year ended Dec. 31,
2014, compared to a net loss and comprehensive loss of C$3.08
million on C$4.13 million of sales in 2013.

As of June 30, 2015, the Company had C$1.84 million in total
assets, C$1.74 million in total liabilities, C$16,696 in
convertible redeemable preferred stock and C$88,796 in total
stockholders' equity.

Dale Matheson Carr-Hilton Labonte LLP, in Vancouver, Canada, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has incurred losses in developing its business, and further
losses are anticipated in the future.  The Company requires
additional funds to meet its obligations and the costs of its
operations and there is no assurance that additional financing can
be raised when needed.  These factors raise substantial doubt about
the Company's ability to continue as a going concern.


VISCOUNT SYSTEMS: Corrects Report on Director Appointment
---------------------------------------------------------
Viscount Systems, Inc., filed on Nov. 16, 2015, a current report on
Form 8-K to disclose the resignation of certain of its directors
and the appointment of Craig Nemiroff as a director.  However, Mr.
Nemiroff was not actually appointed as a director of the Company.

By an amended Form 8-K, the Company is restated that Report to
remove the disclosure that Mr. Nemiroff was appointed as a director
of the Company.

                      About Viscount Systems

Burnaby, Canada-based Viscount Systems, Inc., is a manufacturer,
developer and service provider of access control security
products.

Viscount Systems reported a net loss and comprehensive loss of
C$991,000 on C$4.76 million of sales for the year ended Dec. 31,
2014, compared to a net loss and comprehensive loss of C$3.08
million on C$4.13 million of sales in 2013.

As of June 30, 2015, the Company had C$1.84 million in total
assets, C$1.74 million in total liabilities, C$16,696 in
convertible redeemable preferred stock and C$88,796 in total
stockholders' equity.

Dale Matheson Carr-Hilton Labonte LLP, in Vancouver, Canada, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has incurred losses in developing its business, and further
losses are anticipated in the future.  The Company requires
additional funds to meet its obligations and the costs of its
operations and there is no assurance that additional financing can
be raised when needed.  These factors raise substantial doubt about
the Company's ability to continue as a going concern.


VISCOUNT SYSTEMS: Delays Third Quarter Form 10-Q for Review
-----------------------------------------------------------
Viscount Systems, Inc., was unable to file its quarterly report on
Form 10-Q for the fiscal quarter ended Sept. 30, 2015, on a timely
basis due to the Company gathering information and completing its
review, which required additional time to work internally with its
staff and externally with its outside auditors to prepare and
finalize the Form 10-Q.  The Company expects to file its Form 10-Q
within the additional time allowed by this report.

It is expected that for the three months ended Sept. 30, 2015, the
Company will report that its sales decreased compared to those
reported for the comparable period in 2014, and that for the nine
months ended Sept. 30, 2015, the Company will report that its sales
increased compared to those reported for the comparable period in
2014.  It is expected that for the three and nine months ended
Sept. 30, 2015, cost of sales decreased and gross profits increased
compared to those for the comparable periods in 2014.

                       About Viscount Systems

Burnaby, Canada-based Viscount Systems, Inc., is a manufacturer,
developer and service provider of access control security
products.

Viscount Systems reported a net loss and comprehensive loss of
C$991,000 on C$4.76 million of sales for the year ended Dec. 31,
2014, compared to a net loss and comprehensive loss of C$3.08
million on C$4.13 million of sales in 2013.

As of June 30, 2015, the Company had C$1.84 million in total
assets, C$1.74 million in total liabilities, C$16,696 in
convertible redeemable preferred stock and C$88,796 in total
stockholders' equity.

Dale Matheson Carr-Hilton Labonte LLP, in Vancouver, Canada, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has incurred losses in developing its business, and further
losses are anticipated in the future.  The Company requires
additional funds to meet its obligations and the costs of its
operations and there is no assurance that additional financing can
be raised when needed.  These factors raise substantial doubt about
the Company's ability to continue as a going concern.


VISCOUNT SYSTEMS: Incurs C$2.43 Million Net Loss in Third Quarter
-----------------------------------------------------------------
Viscount Systems filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss
attributable to common stockholders of C$2.43 million on C$1.17
million of sales for the three months ended Sept. 30, 2015,
compared to net income attributable to common stockholders of
C$779,000 on C$1.41 million of sales for the same period a year
ago.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss attributable to common stockholders of C$42,200 on C$4.58
million of sales compared to a net loss attributable to common
stockholders of C$2.28 million on C$3.71 million of sales for the
same period during the prior year.

As of Sept. 30, 2015, the Company had C$1.88 million in total
assets, C$4.19 million in total liabilities and a total
stockholders' deficit of C$2.31 million.

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

                    http://is.gd/WIKuWm

                   About Viscount Systems

Burnaby, Canada-based Viscount Systems, Inc., is a manufacturer,
developer and service provider of access control security
products.

Viscount Systems reported a net loss and comprehensive loss of
C$991,000 on C$4.76 million of sales for the year ended Dec. 31,
2014, compared to a net loss and comprehensive loss of C$3.08
million on C$4.13 million of sales in 2013.

Dale Matheson Carr-Hilton Labonte LLP, in Vancouver, Canada, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has incurred losses in developing its business, and further
losses are anticipated in the future.  The Company requires
additional funds to meet its obligations and the costs of its
operations and there is no assurance that additional financing can
be raised when needed.  These factors raise substantial doubt about
the Company's ability to continue as a going concern.


VUZIX CORP: Provides Business Update, Reports Q3 2015 Results
-------------------------------------------------------------
Vuzix Corporation, provided an update on its business initiatives
and reported its third quarter financial results for the period
ended Sept. 30, 2015.

Recent Corporate Highlights:

Vuzix CEO and President Paul J. Travers said, "We are seeing
momentum in orders of our wearable products, as more and more
customers convert successful pilot programs to commercial orders.
Total quarterly revenues for the 3 months ended September 30, 2015
were up over 125% from our second quarter ending June 30, 2015, and
up 46% over the same period ending September 30, 2014.  We are
pleased that sales of M100 Smart Glasses advanced 38% in the third
quarter compared to the prior year, as customer volume roll-outs
accelerate.  As our customers' programs mature and with our new
products on the horizon we are very excited about the outlook for
the Company."

Mr. Travers continued, "The order flow from enterprise has also
improved the make-up of our sales mix over the course of 2015 as we
continue to successfully transition to all new product and
technology offerings.  We are also well prepared for what we
anticipate will be a significant uptick in orders moving to 2016.
The Company's newly opened Rochester facility will have the
capacity to produce millions of waveguides annually and will be a
highly advanced R&D center for new product and development."

Some of the highlights during our third quarter include:

  * Enabled Ubimax xPick and xAssist applications for enterprise
    on Vuzix M100 Smart Glasses

  * Added ONtheGO Platforms' Gesture Tech, Ari to M100 Smart
    Glasses
  * Presented iWear video headphones at Tokyo Games Show 2015

  * Hired Brad Craig to head new developer relations program

* Incorporated M100 Smart Glasses into a new NTT DATA remote
   field service system, which NTT DATA officially launched on
   Aug. 31, 2015

* Partnered with SOTI to provide enhanced Enterprise Mobility
   Management (EMM) on M100 Smart Glasses subsequent to the
   quarter

* Partners like XOEye and others started volume production roll-
   outs to their key accounts.

As of Sept. 30, 2015, the Company had cash and cash equivalents
totaling $16,072,222.  The Company had a positive working capital
position of $18,856,052 on Sept. 30, 2015, versus a negative
working capital position of $1,427,139 as of Dec. 31, 2014.  The
Company has paid down its accounts payable and is now investing in
inventory and components for the recent launch of its iWear Video
Headphones. During the third quarter of 2015 inventories and vendor
component purchase deposits increased by $1,109,572 from June 30,
2015 to a total of $3,040,182 as of Sept. 30, 2015.  A further
similar increase is expected in the fourth quarter to meet supply
chain requirements as the new products will commence volume
production for sale.

                     About Vuzix Corporation

Vuzix -- http://www.vuzix.com/-- is a supplier of Video Eyewear
products in the consumer, commercial and entertainment markets.
The Company's products, personal display devices that offer users
a portable high quality viewing experience, provide solutions for
mobility, wearable displays and virtual and augmented reality.
Vuzix holds 33 patents and 15 additional patents pending and
numerous IP licenses in the Video Eyewear field.  Founded in 1997,
Vuzix is a public company with offices in Rochester, NY, Oxford,
UK and Tokyo, Japan.

The net loss for the year 2014 was $7.87 million versus a net loss
of $10.1 million in 2013.

As of Sept. 30, 2015, the Company had $22.13 million in total
assets, $2.74 million in total liabilities and $19.38 million in
total stockholders' equity.


WALTER ENERGY: Court Approves Auction Procedures
------------------------------------------------
Dawn McCarty, writing for Bloomberg Brief - Distress & Bankruptcy,
reported that Walter Energy Inc., the bankrupt coal miner, received
court approval of a process to sell virtually all assets at Jan.
5 auction.

According to the report, the opening bid is an offer by lenders to
exchange $1.25 billion in debt and $5.4 million cash for assets.
The lender offer doesn't include Walter's foreign assets, but
Canadian and U.K. assets will be offered for auction, the report
related.

                  About Walter Energy

Walter Energy -- http://www.walterenergy.com/-- is a publicly  
traded "pure-play" metallurgical coal producer for the global
steel
industry with strategic access to steel producers in Europe, Asia
and South America.  The Company also produces thermal coal,
anthracite, metallurgical coke and coal bed methane gas.  Walter
Energy employs approximately 2,700 employees, with operations in
the United States, Canada and the United Kingdom.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $471 million following a net loss of $359 million in 2013.  

Walter Energy, Inc., and its affiliates sought Chapter 11
protection (Bankr. N.D. Ala. Lead Case No. 15-02741) in
Birmingham,
Alabama on July 15, 2015, after signing a restructuring support
agreement with first-lien lenders.

Walter Energy disclosed total assets of $5.2 billion and total
debt
of $5 billion as of March 31, 2015.

The Debtors tapped Paul, Weiss, Rifkind, Wharton & Garrison as
counsel; Bradley Arant Boult Cummings LLP, as co-counsel; Ogletree
Deakins LLP, as labor and employment counsel; Maynard, Cooper &
Gale, P.C., as special counsel; Blackstone Advisory Services,
L.P.,
as investment banker; AlixPartners, LLP, as financial advisor, and
Kurtzman Carson Consultants LLC, as claims and noticing agent.

The Bankruptcy Administrator for the Northern District of Alabama
appointed an Official Committee of Unsecured Creditors and an
Official Committee of Retirees.  The Creditors Committee tapped
Morrison & Foerster LLP and Christian & Small LLP as attorneys.
The Retiree Committee retained Adams & Reese LLP and Jenner &
Block
LLP as attorneys.

The informal group of certain unaffiliated First Lien Lenders and
First Lien Noteholders (the "Steering Committee") retained Akin,
Gump, Strauss, Hauer and Feld LLP as legal advisor, and Lazard
Freres & Co. LLC as financial advisor.


WALTER ENERGY: Has Until March 11 to Propose Chapter 11 Plan
------------------------------------------------------------
The Hon. Tamara O. Mitchell of the U.S. Bankruptcy Court for the
Northern District of Alabama extended Walter Energy, Inc. et al.'s
exclusive periods to file a chapter 11 plan until March 11,2016;
and solicit acceptances for that plan until May 10.

As reported by the Troubled Company Reporter on Oct. 26, 2015, the
Debtors, in their motion, explained that, "The Debtors, along with
their advisors, are currently negotiating a path forward with their
stakeholders consistent with their restructuring objectives to
maintain their businesses as a going concern, preserve jobs, and
maximize stakeholder value.  The extensions requested in the motion
will provide the Debtors and their advisors the opportunity to
fully develop and explore all strategic alternatives and negotiate
the best way forward."

                       About Walter Energy

Walter Energy -- http://www.walterenergy.com/-- is a publicly
traded "pure-play" metallurgical coal producer for the global steel
industry with strategic access to steel producers in Europe, Asia
and South America.  The Company also produces thermal coal,
anthracite, metallurgical coke and coal bed methane gas.  Walter
Energy employs approximately 2,700 employees, with operations in
the United States, Canada and the United Kingdom.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $471 million following a net loss of $359 million in 2013.  

Walter Energy, Inc., and its affiliates sought Chapter 11
protection (Bankr. N.D. Ala. Lead Case No. 15-02741) in Birmingham,
Alabama on July 15, 2015, after signing a restructuring support
agreement with first-lien lenders.

Walter Energy disclosed total assets of $5.2 billion and total debt
of $5 billion as of March 31, 2015.

The Debtors tapped Paul, Weiss, Rifkind, Wharton & Garrison as
counsel; Bradley Arant Boult Cummings LLP, as co-counsel; Ogletree
Deakins LLP, as labor and employment counsel; Maynard, Cooper &
Gale, P.C., as special counsel; Blackstone Advisory Services, L.P.,
as investment banker; AlixPartners, LLP, as financial advisor, and
Kurtzman Carson Consultants LLC, as claims and noticing agent.

The Bankruptcy Administrator for the Northern District of Alabama
appointed an Official Committee of Unsecured Creditors and an
Official Committee of Retirees.  The Creditors Committee tapped
Morrison & Foerster LLP and Christian & Small LLP as attorneys.
The Retiree Committee retained Adams & Reese LLP and Jenner & Block
LLP as attorneys.

The informal group of certain unaffiliated First Lien Lenders and
First Lien Noteholders (the "Steering Committee") retained Akin,
Gump, Strauss, Hauer and Feld LLP as legal advisor, and Lazard
Freres & Co. LLC as financial advisor.


WALTER ENERGY: Wants Bankruptcy Court's OK to End Labor Pacts
-------------------------------------------------------------
BankruptcyData reported that Walter Energy filed with the U.S.
Bankruptcy Court a motion for an order (i) authorizing the Debtors
to (a) reject collective bargaining agreements, (b) implement final
labor proposals and (c) terminate retiree benefits and (ii)
granting related relief.

The motion explains, "The Debtors negotiated with an ad hoc group
(the Steering Committee) of certain unaffiliated lenders and
holders (the 'First Lien Creditors') of the majority in amount of
the Debtors' first lien secured obligations (the 'First Lien
Obligations') a going-concern sale of substantially all of their
Alabama coal operations and other assets to Coal Acquisition LLC,
an entity owned by holders of first lien secured debt (the
'Proposed Buyer') pursuant to a stalking horse purchase agreement.

The Proposed Buyer will not buy the Alabama Coal Operations
burdened by the Debtors' existing collective bargaining agreements
(as amended and supplemented from time to time) and their retiree
benefit obligations.  Thus, the Stalking Horse APA requires as a
closing condition that the Debtors obtain relief from all
successor-ship clauses (and similar provisions) in the CBAs that
would purport to require the CBAs be binding on the Proposed
Buyer....Given the unprecedented decline in the global met coal
market and the Debtors' dire financial condition, the Debtors'
businesses cannot survive as a going-concern without the relief
this Motion requests...The Debtors must reject the CBAs, however,
to consummate the 363 Sale to the Proposed Buyer, and, after the
363 Sale closes, the Debtors will be unable to afford the remaining
obligations under their CBAs and the Retiree Benefits.

Doing so provides the best hope for the Alabama Coal Operations to
be sold as a going-concern, thereby maximizing value for all
stakeholders, including potential future jobs for the Debtors'
employees. The Debtors' employees know better than anyone else the
difficulties the coal industry faces and the sacrifices made
already in terms of cost cutting and workforce reductions. The
Debtors' goal for their restructuring process, including the 363
Sale, is for their core operations to survive, which the Debtors
believe is the best hope for future employment for many of the
Debtors' employees, the people who are a large part of what makes
those assets valuable."

The Court scheduled a Dec. 15, 2015 hearing to consider the motion,
with objections due by Dec. 9.

                     About Walter Energy Inc.

Walter Energy -- http://www.walterenergy.com/-- is a publicly    
traded "pure-play" metallurgical coal producer for the global steel
industry with strategic access to steel producers in Europe, Asia
and South America.  The Company also produces thermal coal,
anthracite, metallurgical coke and coal bed methane gas.  Walter
Energy employs approximately 2,700 employees, with operations in
the United States, Canada and the United Kingdom.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $471 million following a net loss of $359 million in 2013.  

Walter Energy, Inc., and its affiliates sought Chapter 11
protection (Bankr. N.D. Ala. Lead Case No. 15-02741) in Birmingham,
Alabama on July 15, 2015, after signing a restructuring support
agreement with first-lien lenders.

Walter Energy disclosed total assets of $5.2 billion and total debt
of $5 billion as of March 31, 2015.

The Debtors tapped Paul, Weiss, Rifkind, Wharton & Garrison as
counsel; Bradley Arant Boult Cummings LLP, as co-counsel; Ogletree
Deakins LLP, as labor and employment counsel; Maynard, Cooper &
Gale, P.C., as special counsel; Blackstone Advisory Services, L.P.,
as investment banker; AlixPartners, LLP, as financial advisor, and
Kurtzman Carson Consultants LLC, as claims and noticing agent.

The Bankruptcy Administrator for the Northern District of Alabama
appointed an Official Committee of Unsecured Creditors and an
Official Committee of Retirees.  The Creditors Committee tapped
Morrison & Foerster LLP and Christian & Small LLP as attorneys.
The Retiree Committee retained Adams & Reese LLP and Jenner & Block
LLP as attorneys.

The informal group of certain unaffiliated First Lien Lenders and
First Lien Noteholders (the "Steering Committee") retained Akin,
Gump, Strauss, Hauer and Feld LLP as legal advisor, and Lazard
Freres & Co. LLC as financial advisor.


WAVE SYSTEMS: Delays Third Quarter Form 10-Q
--------------------------------------------
Wave Systems Corp. 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
Sept. 30, 2015.  The Company's independent auditors have determined
that a material weakness exists in the Company's control over
financial reporting due to insufficient finance and accounting
resources within the organization.  As a result, the Company has
been unable to complete its quarterly financial statements.

                        About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products for
hardware-based digital security, including security applications
and services that are complementary to and work with the
specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems reported a net loss of $12.9 million in 2014, a net
loss of $20.3 million in 2013 and a net loss of $34 million in
2012.

KPMG LLP, in Hartford, Connecticut, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that Wave
Systems Corp. has suffered recurring losses from operations
and has a net capital deficiency that raise substantial doubt about
its ability to continue as a going concern.


WAVE SYSTEMS: Reports $1.69 Million Net Loss for Third Quarter
--------------------------------------------------------------
wave Systems Corp. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.69 million on $2.56 million of total net revenues for the
three months ended Sept. 30, 2015, compared to a net loss of $2.10
million on $4.33 million of total net revenues for the same period
a year ago.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $13.7 million on $7.59 million of total net revenues
compared to a net loss of $9.19 million on $7.59 million of total
net revenues compared to a net loss of $9.19 million on $14.1
million of total net revenues for the same period during the prior
year.

As of Sept. 30, 2015, the Company had $3.14 million in total
assets, $17.0 million in total liabilities and a $13.9 million
total stockholders' deficit.

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

                     http://is.gd/49T6OP

                     About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products for
hardware-based digital security, including security applications
and services that are complementary to and work with the
specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems reported a net loss of $12.9 million in 2014, a net
loss of $20.3 million in 2013 and a net loss of $34 million in
2012.

KPMG LLP, in Hartford, Connecticut, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that Wave
Systems Corp. has suffered recurring losses from operations
and has a net capital deficiency that raise substantial doubt about
its ability to continue as a going concern.


WEST CORP: Obtains Commitment for $250M Term Loan Refinancing
-------------------------------------------------------------
West Corporation has received lender commitments to provide an
incremental $250 million term loan due 2021 under the existing
Amended and Restated Credit Agreement.

The new term loan will have a six year term and will bear interest
at a rate of LIBOR + 3.50% with a 0.75% LIBOR floor (base rate
loans to be at a rate of base rate + 2.50% with a 1.75% base rate
floor).  Proceeds of the new term loan, together with cash on hand,
will be used to retire in full the $250 million remaining
outstanding on the term loan due July 2016.

Completion of the refinancing is subject to customary closing
conditions.

                    About West Corporation

Omaha, Neb.-based West Corporation is a global provider of
communication and network infrastructure solutions.  West helps
manage or support essential enterprise communications with services
that include conferencing and collaboration, public safety
services, IP communications, interactive services such as automated
notifications, large-scale agent services and telecom services.

West Corp reported net income of $158 million in 2014 following net
income of $143 million in 2013.

As of Sept. 30, 2015, the Company had $3.55 billion in total
assets, $4.15 billion in total liabilities and a $596 million
stockholders' deficit.

                       Bankruptcy Warning

"If we cannot make scheduled payments on our debt, we will be in
default, and as a result:

   * our debt holders could declare all outstanding principal and
     interest to be due and payable;

   * the lenders under our Senior Secured Credit Facilities could
     terminate their commitments to lend us money and foreclose
     against the assets securing our borrowings; and

   * we could be forced into bankruptcy or liquidation," the    
     Company states in the quarterly report for the period ended
     Sept. 30 ,2015.

                          *     *     *

As reported by the TCR on June 21, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on West Corp. to 'BB-'
from 'B+'.  The upgrade reflects Standard & Poor's view that lower
debt leverage and a less aggressive financial policy will
strengthen the company's financial profile.

In the April 4, 2013, edition of the TCR, Moody's Investor Service
upgraded West Corporation's Corporate Family Rating to 'B1' from
'B2'.  "The CFR upgrade to B1 reflects West's shift to a more
conservative capital structure and financial policies as a publicly
owned company," stated Moody's analyst Suzanne Wingo.


WESTMORELAND COAL: Accelerates Executive Management Transition
--------------------------------------------------------------
Westmoreland Coal Company announced that Kevin A. Paprzycki will
move to chief executive officer and become a member of the Board of
Directors effective Dec. 1, 2015, one month earlier than previously
planned.  Concurrently, Keith E. Alessi, chief executive officer,
will transition from his position as CEO and a member of the Board
of Directors to the strategic role of CEO-Emeritus.

On November 6th, Mr. Alessi was diagnosed with esophageal cancer.
He will immediately commence a temporary medical leave of absence
to aggressively pursue treatment.  "I intend to fight and defeat
this disease and expect to fully recover and return to my duties as
CEO-Emeritus as soon as possible," noted Mr. Alessi.

The previously announced promotions of John Schadan to president
and chief operating officer and Jason Veenstra to chief financial
officer and treasurer will accelerate to December 1, as well.

"Since 2007, I have had the privilege to work with Keith as he
designed and executed the remarkable turnaround of Westmoreland,"
stated Dick Klingaman, Chairman of the Board.  "As part of that
effort, Keith identified, assembled, and coached an executive team
that is experienced, smart and energetic.  I am confident that
Kevin, our CEO-designate who has served with Keith since 2007, will
provide effective leadership as we continue to reduce costs,
improve efficiency, and delever the business."

"Speaking on behalf of the entire company, we wish Keith a fast
recovery and look forward to his return as a strategic partner,"
said Kevin A. Paprzycki.  "Keith has been an exceptional leader for
Westmoreland and we are grateful for his nine years of tireless
efforts and personal sacrifices.  As he undergoes treatment, Keith
and his family have the full support of the over 3,000 Westmoreland
employees."

                     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 of Sept. 30, 2015, the Company had $1.72 billion in total
assets, $2.21 billion in total liabilities and a $489 million total
deficit.

                            *     *     *

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.


WESTMORELAND COAL: CEO Keith Alessi Retires
-------------------------------------------
Westmoreland Coal Company announced the retirement of Keith E.
Alessi as chief executive officer of the Company and his transition
to the strategic role of CEO-Emeritus, each of which would become
effective as of Dec. 31, 2015, and the appointments of Kevin A.
Paprzycki, to serve as chief executive officer of the Company, John
A. Schadan, to serve as president and chief operating officer of
the Company, and Jason Veenstra, to serve as chief financial
officer of the Company, each of which appointments would become
effective as of Jan. 1, 2016.

On Nov. 12, 2015, the Company announced Mr. Paprzycki's election to
the Company's board of directors and the acceleration of the
Executive Transitions, each to become effective as of Dec. 1,
2015.

The Compensation and Benefits Committee of the Board approved the
compensation package for Mr. Schadan as president and chief
operating officer, which will consist of $350,000 in base salary, a
target of 100% of the amount of base salary for achieving the
prescribed goals under the Company's annual incentive plan, and a
target of 200% of the amount of base salary for achieving the
prescribed goals under the Company's long-term incentive plan.  The
Committee approved the compensation package for Mr. Veenstra as
chief financial officer, which will consist of $300,000 in base
salary, a target of 50% of the amount of base salary for achieving
the prescribed goals under the AIP, and a target of 100% of the
amount of base salary for achieving the prescribed goals under the
LTIP.

On Nov. 19, 2015, the Committee recommended to the Board a
compensation package for Mr. Paprzycki as chief executive officer,
which the Board approved.  The compensation package for Mr.
Paprzycki will consist of $500,000 in base salary, a target of 100%
of the amount of base salary for achieving the prescribed goals
under the AIP, and a target of 200% of the amount of base salary
for achieving the prescribed goals under the LTIP.

                     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 of Sept. 30, 2015, the Company had $1.72 billion in total
assets, $2.21 billion in total liabilities and a $489 million total
deficit.

                            *     *     *

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.


WESTMORELAND COAL: Mangrove Partners Has 5.6% Stake as of Nov. 19
-----------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, The Mangrove Partners Master Fund, Ltd., The Mangrove
Partners Fund, L.P., The Mangrove Partners Fund (Cayman), Ltd.,
Mangrove Partners, Mangrove Capital and Nathaniel August disclosed
that as of Nov. 19, 2015, they beneficially own 1,027,127 shares of
common stock of Westmoreland Coal Company, representing 5.69
percent of the shares outstanding.  A copy of the regulatory filing
is available for free at http://is.gd/ft6j7r

                     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 of Sept. 30, 2015, the Company had $1.72 billion in total
assets, $2.21 billion in total liabilities and a $489 million total
deficit.

                            *     *     *

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.


WESTMORELAND RESOURCE: Jason Veenstra Named Director
----------------------------------------------------
Jason W. Veenstra, age 37, was appointed to the board of directors
of Westmoreland Resources GP, LLC, a wholly owned subsidiary of
Westmoreland Coal Company, and the general partner of Westmoreland
Resource Partners, LP, effective as of Dec. 1, 2015.  Mr. Veenstra
will replace Keith E. Alessi, who will retire from the Board
effective as of Dec. 1, 2015.  Mr. Veenstra is not initially
expected to serve on any committees of the Board.

Mr. Veenstra was appointed to the Board as an employee director and
will not receive compensation for such service.  There are no
understandings or arrangements between Mr. Veenstra and any other
person pursuant to which he was selected to serve as a director of
the GP.  There are no relationships between Mr. Veenstra and the
Company or any of its subsidiaries that would require disclosure
pursuant to Item 404(a) of Regulation S-K promulgated by the
Securities and Exchange Commission.  Effective as of Dec. 1, 2015,
Mr. Veenstra will be appointed to serve as chief financial officer
of Westmoreland and Mr. Veenstra was appointed Chief Financial
Officer of the GP on Nov. 17, 2015.

Mr. Veenstra joined Westmoreland in April 2014 as CFO-Canada. Prior
to joining Westmoreland, Mr. Veenstra held various roles at
Sherritt International from 2006 until 2014, including serving as
Director of Business Development and Chief Financial Officer for
the coal division.  Mr. Veenstra received a Bachelor of Commerce
degree in Accounting from the University of Alberta and articled at
Ernst & Young LLP to complete his Chartered Accountant
designation.

                  Appointment of Certain Officers

On Nov. 17, 2015, the Board appointed the following individuals to
serve in the following officer positions with the GP until their
successors have been elected and qualified or until their earlier
removal or resignation:

   * Kevin A. Paprzycki - Chief Executive Officer and President

   * Jason W. Veenstra - Chief Financial Officer

Mr. Paprzycki, age 45, was previously appointed chief financial
officer and treasurer of the GP in December 2014. Effective as of
Dec. 1, 2015, Mr. Paprzycki will be appointed to serve as chief
executive officer of Westmoreland.  Also effective Dec. 1, 2015,
Mr. Paprzycki will become a director of Westmoreland.

Mr. Paprzycki originally joined Westmoreland as controller and
principal accounting officer in June 2006 and was named chief
financial officer of Westmoreland in April 2008.  Prior to
Westmoreland, Mr. Paprzycki was corporate controller at Applied
Films Corporation from 2005 to 2006.  Mr. Paprzycki became a
certified public accountant in 1994 and a certified financial
manager and certified management accountant in 2004.

                    About Westmoreland Resource

Oxford Resource Partners, LP, now known as Westmoreland Resource
Partners, LP, is a producer of high value steam coal, and is the
largest producer of surface mined coal in Ohio.

Westmoreland Resource reported a net loss of $28.6 million on $322
million of total revenues for the year ended Dec. 31, 2014,
compared with a net loss of $23.7 million on $347 million
of total revenues for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $440 million in total assets,
$413 million in total liabilities and $26.6 million in total
partners' capital.


WISE METALS: S&P Lowers Corp. Credit Rating to 'B-', Outlook Neg.
-----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term corporate
credit rating on U.S.-based aluminum can sheet producer Wise Metals
Intermediate Holdings LLC (Wise Metals, also known
as Muscle Shoals) to 'B-' from 'B'.  The outlook is negative.

At the same time, S&P affirmed its 'B-' issue rating and revised
its recovery rating to '4' from '5' on the $650 million senior
secured notes co-issued by Wise Metals Group LLC And Wise Alloys
Finance Corp. due 2018.  Recovery prospects in the event of a
payment default are in the higher half of the 30%-50% range.

S&P also lowered its issue rating on the $150 million senior
unsecured payment-in-kind (PIK) toggle notes co-issued by Wise
Intermediate Holdings LLC and Wise Holdings Finance Corporation,
due 2019, to 'CCC' from 'CCC+'.  The '6' recovery rating on these
notes remains unchanged.

The downgrade takes into account that S&P now expects only
$65 million to $70 million EBITDA in 2015 at Wise Metals, versus
the $140 million-$160 million S&P expected previously.
Consequently, S&P sees adjusted debt to EBITDA at Wise Metals
exceeding 12.0x for the first nine months of 2015, which S&P views
as unsustainable.  S&P also takes into account that the management
of the company's parent, The Netherlands-incorporated aluminum
producer Constellium N.V., is currently reviewing options to limit
the impact of Wise Metals' high leverage (debt to EBITDA) and
negative cash flow on the Constellium group.  This has prompted S&P
to reclassify Wise Metals as a strategically important subsidiary
of Constellium, as opposed to core previously, and S&P no longer
equalizes its ratings on the two entities.

"Wise Metals' operating performance has not met Constellium's and
our expectations since its full consolidation in the group in the
first quarter of 2015, mainly owing to the impact of unfavorable
aluminum premium developments year-to-date, and the high
sensitivity of the company's earnings to premium fluctuations.  We
view Wise Metals' business fundamentals as less protective and less
resilient than Constellium's, given the commodity nature of its can
sheet activities, which we factor into our assessment of Wise
Metals business risk profile as weak.  Still, we think that
Constellium will address these issues by renegotiating contracts,
including 75% of selling contracts on prices and pass-through
mechanisms, as well as sourcing agreements, some of which will
terminate by end-2015.  Constellium has the capacity to supply
input materials internally.  At the same time, management is
sanitizing working capital requirements, by reducing outstanding
receivables, decreasing the total size of the asset-backed loan
(ABL) facility size, and managing payables, translating into
favorable cash development year-to-date but hampering profitability
temporarily.  Lastly, we understand that Wise Metals' price
management strategy is progressively being aligned with
Constellium's management and hedging policies.  As a result, and
because the group has already contracted a considerable portion of
2016 volumes, we expect group EBITDA will increase to $90
million-$120 million in 2016 under our base case.  However, at this
stage under our rating horizon, we do not capture incremental
EBITDA upside from expanding the asset base in body-in-white
products, which will likely not generate profits before 2019," S&P
said.

"We regard Wise Metals' current leverage as very high, based on
adjusted debt to EBITDA that we estimate at more than 10x in the
next few years, which we view as unsustainable.  This has prompted
us to lower our assessment of Wise Metals' stand-alone credit
profile to 'ccc+' from 'b-'.  We nevertheless expect Constellium
will continue investing in Wise Metals' assets, because we factor
in its strong commitment to use Wise Metals as a key strategic
platform to expand its body-in-white business in North America in
the coming years.  This may not imply, however, that Constellium
will be in a position to address Wise Metals' very high leverage in
the coming quarters and years," S&P noted.

S&P considers that the link between the Constellium group and Wise
Metals has weakened moderately, based on the divergence S&P
observes in leverage, and on the set-up of the group's
organizational structure, with no downstream guarantees to Wise
Metals, and no cross–default linkages between the two entities.
Therefore, S&P now regards Wise Metals as strategically important
to the group.  Consequently, S&P continues to think that
Constellium is likely to support Wise Metals in case of financial
difficulty.  However, the extent of this support appears less
certain than previously, in S&P's view.

The negative outlook reflects Wise Metals' expected weak
performance, unsustainable capital structure, and uncertainty over
the extent and way in which Constellium will support Wise Metals in
the coming quarters.

S&P would likely lower its rating on Wise Metals in the coming six
months in the absence of improved operating performance or external
capital support.

S&P would consider revising the outlook to stable if it observed
leverage improving to a sustainable level through strengthening
performance or external capital support, or a combination of the
two.



Z TRIM HOLDINGS: Delays Third Quarter Form 10-Q for Review
----------------------------------------------------------
Z Trim Holdings, Inc., notified the Securities and Exchange
Commission that it was unable to file its quarterly report on Form
10-Q for its fiscal quarter ended Sept. 30, 2015, by the prescribed
date without unreasonable effort or expense because the Company was
unable to compile and review certain information required in order
to permit the Company to file a timely and accurate report on the
Company's financial condition.  The Company believes that the
Quarterly Report will be completed and filed within the five day
extension period provided under Rule 12b-25 of the Securities
Exchange Act of 1934, as amended.

The Company expects to report a net loss of approximately
$(22,876,577) for the nine months ended Sept. 30, 2015, compared to
a net loss of $(4,425,108) during the nine months ended Sept. 30,
2014.  In addition, the Company expects to report total revenue of
approximately $218,732 for the three months ended Sept. 30, 2015,
compared to total revenue of $360,710 for the three months ended
Sept. 30, 2014.

                         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.


Z TRIM HOLDINGS: Incurs $1.63 Million Net Loss in Third Quarter
---------------------------------------------------------------
Z Trim Holdings, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common stockholders of $1.63 million on $219,000 of
total revenues for the three months ended Sept. 30, 2015, compared
to a net loss attributable to common stockholders of $1.41 million
on $361,000 of total revenues for the same period during the prior
year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss attributable to common stockholders of $23.1 million on
$835,000 of revenues compared to a net loss attributable to common
stockholders of $4.42 million on $889,000 of total revenues for the
same period a year ago.

As of Sept. 30, 2015, the Company had $1.49 million in total
assets, $4.43 million in total liabilities and a $2.93 million
total stockholders' deficit.

As of Sept. 30, 2015, the Company had a cash balance of $285,000, a
decrease of $743,000 from a balance of $1.027 million at Dec. 31,
2014.  

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

                        http://is.gd/UNb1Uc

                           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.


ZYNEX INC: Delays Filing of Third Quarter Form 10-Q
---------------------------------------------------
Zynex, 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
Sept. 30, 2015.  Zynex said it needs additional time to prepare its
Form 10-Q for the three and nine months ended Sept. 30, 2015.  The
primary reasons for the delay are a change in chief financial
officer of the Company and the resulting inability to complete all
of the work necessary in light of certain transactions that were
negotiated in October and terminated in early November.

                             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.

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

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.


ZYNEX INC: Incurs $324,000 Net Loss in Third Quarter
----------------------------------------------------
Zynex, Inc., filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss of $324,000 on
$2.66 million of net revenue for the three months ended Sept. 30,
2015, compared to net income of $268,000 on $4.40 million of net
revenue for the same period during the prior year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $1.72 million on $8.92 million of net revenue compared
to a net loss of $6.73 million on $8.92 million of net revenue for
the same period a year ago.

As of Sept. 30, 2015, the Company had $4.98 million in total
assets, $7.90 million in total liabilities and a $2.92 million
total stockholders' deficit.

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

                      http://is.gd/awIE9g

                            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.


[*] Haynes Sees More Exploration, Production Bankruptcies in 2015
-----------------------------------------------------------------
More exploration and production companies are expected to file for
Chapter 11 bankruptcy protection before year-end, Charlie Passut at
NGI's Shale Daily reports, citing Haynes and Boone LLP.

According to Shale Daily, Haynes and Boone said that 36 North
American E&P companies have filed for Chapter 11 to date this year,
and warned that sources in the industry and other economic factors
indicate that more E&Ps will file for bankruptcy before New Year's
Day.

Shale Daily quote Haynes and Boone as saying, "With the slump in
commodity prices persisting into this fall, [our] energy and
bankruptcy practice groups are closely following recent industry
developments . . . for some companies, the impact [falling
commodity prices has had on borrowing bases] is severe enough to
consider bankruptcy."


[*] US Activists Target BDC Governance, Fitch Says
--------------------------------------------------
Depressed share price valuations and governance concerns have
ignited shareholder activism campaigns against three business
development companies (BDCs) over the last several months,
including two rated by Fitch Ratings. Fitch believes the heightened
dialogue may lead to strengthened oversight, which would be
beneficial for BDC creditors, provided other equity-friendly
measures are not over emphasized.

The Fitch-rated universe of BDCs was trading at an average discount
to net asset value of 14.3% as of Nov. 19. Given the significant
number of new BDCs operating, variations in governance quality have
emerged. Activist presence may trigger more widespread attention to
management vulnerabilities among these companies.

Four fund managers, including TPG and Highland, Elliot Management
and River North, have presented arguments for changes at TICC
Capital Corp., American Capital. Ltd. (ACAS, 'BB-', Stable), and
Fifth Street Finance Corp. (FSC, 'BB+' Outlook Negative),
respectively. Key areas of focus include the appropriateness of
investing in broadly syndicated loans and CLO equity, the lack of
high water marks in incentive fee compensation structures, and the
deployment of share repurchase programs.

BDCs are paid a relatively high management fee (often 1.375% to 2%
of assets) for originating illiquid loans in the middle market.
CLOs, which manage broadly syndicated loans (BSLs), charge
investors a much lower fee (often 0.5%) given less complexity in
the origination and underwriting process and the focus on liquid
collateral. Therefore, BDC investments in BSLs raise the question
of the appropriateness of the strategy relative to the associated
management fee. Fitch acknowledges that arbitrage opportunities may
periodically exist in the liquid market, but BDC investors are not
likely to appreciate outsized investments in BSLs as part of a
BDC's core strategy.

CLO equity is another asset class to which some BDC shareholders
have aversion. Fitch believes the valuation of CLO equity
investments is often less transparent, can yield heightened
valuation volatility for the BDC, and can have an outsized impact
on BDC leverage. These investments also add an extra layer of
leverage to portfolio investments, as CLOs are themselves levered
structures.

Incentive fees generally come in two parts: an incentive fee earned
on net investment income, which excludes credit gains and losses,
and an incentive fee earned on total income, which includes credit
gains and losses. Within this construct, many BDC managers earned
incentive fees even while generating significant realized credit
losses 'below the line'. The establishment of a high water mark (or
total return concept), as some newer BDCs have implemented, ensures
that the manager can only earn incentive fees if credit performance
is strong. This better aligns the interests of investors and
managers and helps preserve more debt service capacity for the BDC
creditors, in Fitch's opinion.

Finally, Fitch views share repurchases as generally shareholder
friendly and a contributor to higher leverage ratios. However,
given the requirements on BDCs to distribute 90% of taxable
earnings on an annual basis, repurchases can help manage a BDC's
dividend burden. If the earnings per share accretion through a
buyback is greater than any accretion otherwise achievable through
new loan investments, then the BDC's creditors benefit from the
reduction in share count, lowering cash outflows to support
dividends.

Generally speaking, activist campaigns on Fitch-rated entities do
not have a rating impact unless Fitch believes the activist has a
credible chance of implementing its desired changes and thatthe
changes will be materially adverse to creditors. Fitch believes
that not all activist activities have weakened credit profiles, as
some have been neutral to mildly positive.



[*] Vinson & Elkins Adds David Meyer to Aid NY Restructuring Group
------------------------------------------------------------------
Jeff Montgomery at Bankruptcy Law360 reported that a former
Kirkland & Ellis LLP bankruptcy partner has joined the New York
office of Vinson & Elkins LLP in a move the international law firm
said would bolster its restructuring and reorganization practice
group.

David Meyer will become part of a Vinson & Elkins restructuring and
reorganizing team that represents Fortune 100 and 500 companies,
major foreign companies and financial institutions, the firm said
in a Nov. 16 announcement.

The firm, according to a press release, said that Mr. Meyer advises
clients in all aspects of complex corporate restructurings.



[^] BOND PRICING: For the Week from Nov. 23 to 27, 2015
-------------------------------------------------------
   Company                  Ticker  Coupon Bid Price   Maturity
   -------                  ------  ------ ---------   --------
ACE Cash Express Inc        AACE    11.000    28.375   2/1/2019
ACE Cash Express Inc        AACE    11.000    35.000   2/1/2019
AM Castle & Co              CAS     12.750    78.620 12/15/2016
AM Castle & Co              CAS      7.000    51.880 12/15/2017
AM Castle & Co              CAS     12.750    76.875 12/15/2016
AM Castle & Co              CAS     12.750    76.875 12/15/2016
Affinion Investments LLC    AFFINI  13.500    44.500  8/15/2018
Alpha Appalachia
  Holdings Inc              ANR      3.250     6.350   8/1/2015
Alpha Natural
  Resources Inc             ANR      9.750     1.000  4/15/2018
Alpha Natural
  Resources Inc             ANR      6.000     1.000   6/1/2019
Alpha Natural
  Resources Inc             ANR      6.250     0.500   6/1/2021
Alpha Natural
  Resources Inc             ANR      7.500     6.500   8/1/2020
Alpha Natural
  Resources Inc             ANR      3.750     2.000 12/15/2017
Alpha Natural
  Resources Inc             ANR      4.875     3.500 12/15/2020
Alpha Natural
  Resources Inc             ANR      7.500     6.250   8/1/2020
Alpha Natural
  Resources Inc             ANR      7.500     6.250   8/1/2020
Alta Mesa Holdings LP /
  Alta Mesa Finance
  Services Corp             ALTMES   9.625    51.750 10/15/2018
American Eagle
  Energy Corp               AMZG    11.000    18.500   9/1/2019
American Eagle
  Energy Corp               AMZG    11.000    18.500   9/1/2019
Appvion Inc                 APPPAP   9.000    35.750   6/1/2020
Appvion Inc                 APPPAP   9.000    45.000   6/1/2020
Arch Coal Inc               ACI      7.250     2.100  10/1/2020
Arch Coal Inc               ACI      9.875     1.059  6/15/2019
Arch Coal Inc               ACI      8.000     4.500  1/15/2019
Arch Coal Inc               ACI      8.000    11.645  1/15/2019
Avaya Inc                   AVYA    10.500    34.000   3/1/2021
Avaya Inc                   AVYA    10.500    37.290   3/1/2021
BPZ Resources Inc           BPZR     8.500     6.950  10/1/2017
BPZ Resources Inc           BPZR     6.500     7.300   3/1/2015
BPZ Resources Inc           BPZR     6.500     7.625   3/1/2049
Bank of America Corp        BAC      1.584   100.058  12/3/2015
Basic Energy Services Inc   BAS      7.750    36.198  2/15/2019
Bon-Ton Department
  Stores Inc/The            BONT     8.000    27.835  6/15/2021
Caesars Entertainment
  Operating Co Inc          CZR     10.000    32.875 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR     12.750    31.330  4/15/2018
Caesars Entertainment
  Operating Co Inc          CZR      6.500    36.000   6/1/2016
Caesars Entertainment
  Operating Co Inc          CZR     10.000    31.750 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR      5.750    41.000  10/1/2017
Caesars Entertainment
  Operating Co Inc          CZR      5.750    12.250  10/1/2017
Caesars Entertainment
  Operating Co Inc          CZR     10.000    32.500 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR     10.000    31.250 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR     10.000    32.500 12/15/2018
Chaparral Energy Inc        CHAPAR   9.875    30.875  10/1/2020
Chaparral Energy Inc        CHAPAR   8.250    24.750   9/1/2021
Chassix Holdings Inc        CHASSX  10.000     8.000 12/15/2018
Chassix Holdings Inc        CHASSX  10.000     8.000 12/15/2018
Checkers Drive-In
  Restaurants Inc           CHKR    11.000   105.250  12/1/2017
Chesapeake Energy Corp      CHK      2.500    61.750  5/15/2037
Citigroup Inc               C        1.834    99.862   9/7/2018
Claire's Stores Inc         CLE      8.875    40.115  3/15/2019
Claire's Stores Inc         CLE      7.750    31.500   6/1/2020
Claire's Stores Inc         CLE     10.500    69.000   6/1/2017
Claire's Stores Inc         CLE      7.750    29.625   6/1/2020
Cliffs Natural
  Resources Inc             CLF      5.950    43.150  1/15/2018
Cliffs Natural
  Resources Inc             CLF      4.875    21.020   4/1/2021
Cliffs Natural
  Resources Inc             CLF      5.900    26.937  3/15/2020
Cliffs Natural
  Resources Inc             CLF      4.800    24.000  10/1/2020
Cliffs Natural
  Resources Inc             CLF      7.750    35.900  3/31/2020
Colt Defense LLC /
  Colt Finance Corp         CLTDEF   8.750     4.280 11/15/2017
Colt Defense LLC /
  Colt Finance Corp         CLTDEF   8.750     3.907 11/15/2017
Colt Defense LLC /
  Colt Finance Corp         CLTDEF   8.750     3.907 11/15/2017
Community Choice
  Financial Inc             CCFI    10.750    18.000   5/1/2019
Comstock Resources Inc      CRK      7.750    18.940   4/1/2019
Comstock Resources Inc      CRK      9.500    21.438  6/15/2020
Constellation
  Enterprises LLC           CONENT  10.625    63.250   2/1/2016
Constellation
  Enterprises LLC           CONENT  10.625    63.125   2/1/2016
Cumulus Media Holdings Inc  CMLS     7.750    35.153   5/1/2019
Darden Restaurants Inc      DRI      3.350   104.497  11/1/2022
Darden Restaurants Inc      DRI      4.500   108.730 10/15/2021
EPL Oil & Gas Inc           EXXI     8.250    34.300  2/15/2018
EXCO Resources Inc          XCO      7.500    26.511  9/15/2018
EXCO Resources Inc          XCO      8.500    23.000  4/15/2022
Emerald Oil Inc             EOX      2.000    30.050   4/1/2019
Endeavour
  International Corp        END     12.000     6.000   3/1/2018
Endeavour International
  Corp                      END     12.000     6.000   3/1/2018
Endeavour International
  Corp                      END     12.000     6.000   3/1/2018
Endo Finance LLC /
  Endo Finco Inc            ENDP     7.500   103.750 12/15/2020
Endo Finance LLC /
  Endo Finco Inc            ENDP     7.500   104.000 12/15/2020
Endo Health Solutions Inc   ENDP     7.000   103.750 12/15/2020
Energy & Exploration
  Partners Inc              ENEXPR   8.000    15.500   7/1/2019
Energy & Exploration
  Partners Inc              ENEXPR   8.000    12.875   7/1/2019
Energy Conversion
  Devices Inc               ENER     3.000     7.875  6/15/2013
Energy Future
  Holdings Corp             TXU      9.750    36.000 10/15/2019
Energy Future Intermediate
  Holding Co LLC / EFIH
  Finance Inc               TXU     10.000     2.500  12/1/2020
Energy Future Intermediate
  Holding Co LLC / EFIH
  Finance Inc               TXU     10.000     2.500  12/1/2020
Energy Future Intermediate
  Holding Co LLC / EFIH
  Finance Inc               TXU      6.875     2.362  8/15/2017
Energy XXI Gulf Coast Inc   EXXI     9.250    33.250 12/15/2017
Energy XXI Gulf Coast Inc   EXXI     6.875    20.280  3/15/2024
Energy XXI Gulf Coast Inc   EXXI     7.500    19.000 12/15/2021
Energy XXI Gulf Coast Inc   EXXI     7.750    22.500  6/15/2019
FBOP Corp                   FBOPCP  10.000     1.843  1/15/2009
FairPoint Communications
  Inc/Old                   FRP     13.125     1.879   4/2/2018
Federal Agricultural
  Mortgage Corp             FAMCA    2.625    99.769   6/6/2022
Federal Farm Credit Banks   FFCB     3.000   100.055  12/1/2023
Federal Farm Credit Banks   FFCB     2.250   100.063  12/1/2020
Federal Farm Credit Banks   FFCB     1.930    99.009  12/2/2019
Fleetwood Enterprises Inc   FLTW    14.000     3.557 12/15/2011
GT Advanced
  Technologies Inc          GTAT     3.000     9.100  10/1/2017
GT Advanced
  Technologies Inc          GTAT     3.000     1.063 12/15/2020
Getty Images Inc            GYI      7.000    34.250 10/15/2020
Getty Images Inc            GYI      7.000    31.200 10/15/2020
Goodman Networks Inc        GOODNT  12.125    29.957   7/1/2018
Goodrich Petroleum Corp     GDP      8.875    16.865  3/15/2019
Goodrich Petroleum Corp     GDP      8.875    32.000  3/15/2018
Goodrich Petroleum Corp     GDP      5.000    18.000  10/1/2032
Goodrich Petroleum Corp     GDP      8.875    53.500  3/15/2018
Goodrich Petroleum Corp     GDP      8.875    15.500  3/15/2019
Goodrich Petroleum Corp     GDP      8.875    15.500  3/15/2019
Gymboree Corp/The           GYMB     9.125    21.400  12/1/2018
Halcon Resources Corp       HKUS     9.750    31.500  7/15/2020
Halcon Resources Corp       HKUS     8.875    31.000  5/15/2021
Halcon Resources Corp       HKUS     9.250    31.186  2/15/2022
Horsehead Holding Corp      ZINC     3.800    32.020   7/1/2017
Huntington Ingalls
  Industries Inc            HII      7.125   105.370  3/15/2021
ION Geophysical Corp        IO       8.125    58.800  5/15/2018
JPMorgan Chase & Co         JPM      5.750   100.500 12/15/2036
John Hancock Life
  Insurance Co              MFCCN    1.860    97.500 12/15/2015
Las Vegas Monorail Co       LASVMC   5.500     5.000  7/15/2019
Lehman Brothers
  Holdings Inc              LEH      4.000     5.750  4/30/2009
Lehman Brothers
  Holdings Inc              LEH      5.000     5.750   2/7/2009
Lehman Brothers Inc         LEH      7.500     3.750   8/1/2026
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     8.625    25.690  4/15/2020
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.250    24.500  11/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.500    27.200  5/15/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     7.750    22.100   2/1/2021
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.500    20.750  9/15/2021
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.250    24.375  11/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.250    24.375  11/1/2019
MF Global Holdings Ltd      MF       3.375     1.456   8/1/2018
MF Global Holdings Ltd      MF       9.000     1.456  6/20/2038
MModal Inc                  MODL    10.750    10.125  8/15/2020
Magnetation LLC /
  Mag Finance Corp          MAGNTN  11.000    15.000  5/15/2018
Magnetation LLC /
  Mag Finance Corp          MAGNTN  11.000    14.750  5/15/2018
Magnetation LLC /
  Mag Finance Corp          MAGNTN  11.000    14.750  5/15/2018
Magnum Hunter
  Resources Corp            MHRC     9.750    40.240  5/15/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO     10.750    16.000  10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO      9.250    16.250   6/1/2021
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO     10.750    16.500  10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO     10.750    16.500  10/1/2020
Modular Space Corp          MODSPA  10.250    48.500  1/31/2019
Modular Space Corp          MODSPA  10.250    58.500  1/31/2019
Molycorp Inc                MCP     10.000     5.250   6/1/2020
Murray Energy Corp          MURREN  11.250    24.250  4/15/2021
Murray Energy Corp          MURREN  11.250    24.250  4/15/2021
Murray Energy Corp          MURREN   9.500    25.000  12/5/2020
Murray Energy Corp          MURREN   9.500    25.000  12/5/2020
Navient Corp                NAVI     2.245    95.880 12/15/2015
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN  12.250    26.750  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN  12.250    26.750  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN  12.250    26.750  5/15/2019
Nine West Holdings Inc      JNY      6.875    32.050  3/15/2019
Noranda Aluminum
  Acquisition Corp          NOR     11.000    10.300   6/1/2019
Nuverra Environmental
  Solutions Inc             NES      9.875    36.330  4/15/2018
OMX Timber Finance
  Investments II LLC        OMX      5.540    12.050  1/29/2020
Peabody Energy Corp         BTU      6.000    24.104 11/15/2018
Peabody Energy Corp         BTU     10.000    23.500  3/15/2022
Peabody Energy Corp         BTU      6.250    14.330 11/15/2021
Peabody Energy Corp         BTU      4.750     7.875 12/15/2041
Peabody Energy Corp         BTU      6.500    17.890  9/15/2020
Peabody Energy Corp         BTU      7.875    16.965  11/1/2026
Peabody Energy Corp         BTU     10.000    30.000  3/15/2022
Peabody Energy Corp         BTU      6.000    89.000 11/15/2018
Peabody Energy Corp         BTU      6.000    17.250 11/15/2018
Peabody Energy Corp         BTU      6.250    14.250 11/15/2021
Peabody Energy Corp         BTU      6.250    14.250 11/15/2021
Penn Virginia Corp          PVA      8.500    24.875   5/1/2020
Penn Virginia Corp          PVA      7.250    20.136  4/15/2019
Permian Holdings Inc        PRMIAN  10.500    42.750  1/15/2018
Permian Holdings Inc        PRMIAN  10.500    42.750  1/15/2018
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                PRSPCT  10.250    50.250  10/1/2018
Quicksilver Resources Inc   KWKA     9.125     7.000  8/15/2019
Quicksilver Resources Inc   KWKA    11.000     6.750   7/1/2021
Quiksilver Inc /
  QS Wholesale Inc          ZQK     10.000     8.500   8/1/2020
RAAM Global Energy Co       RAMGEN  12.500     8.750  10/1/2015
RS Legacy Corp              RSH      6.750     0.500  5/15/2019
RS Legacy Corp              RSH      6.750     0.440  5/15/2019
RS Legacy Corp              RSH      6.750     0.440  5/15/2019
RTI International
  Metals Inc                AA       3.000   100.000  12/1/2015
Ralcorp Holdings Inc        CAG      4.950   111.815  8/15/2020
Roundy's Supermarkets Inc   RNDY    10.250   113.250 12/15/2020
Roundy's Supermarkets Inc   RNDY    10.250   114.125 12/15/2020
Sabine Oil & Gas Corp       SOGC     7.250     8.000  6/15/2019
Sabine Oil & Gas Corp       SOGC     9.750    10.500  2/15/2017
Sabine Oil & Gas Corp       SOGC     7.500    14.750  9/15/2020
Sabine Oil & Gas Corp       SOGC     7.500     8.375  9/15/2020
Sabine Oil & Gas Corp       SOGC     7.500     8.375  9/15/2020
Samson Investment Co        SAIVST   9.750     1.500  2/15/2020
SandRidge Energy Inc        SD       7.500    15.345  3/15/2021
SandRidge Energy Inc        SD       8.125    14.500 10/15/2022
SandRidge Energy Inc        SD       8.750    18.030  1/15/2020
SandRidge Energy Inc        SD       7.500    15.000  2/15/2023
SandRidge Energy Inc        SD       8.125    24.000 10/16/2022
SandRidge Energy Inc        SD       7.500    25.320  2/16/2023
SandRidge Energy Inc        SD       7.500    15.000  3/15/2021
SandRidge Energy Inc        SD       7.500    15.000  3/15/2021
Sequa Corp                  SQA      7.000    33.250 12/15/2017
Sequa Corp                  SQA      7.000    33.000 12/15/2017
Seventy Seven Energy Inc    SSE      6.500    17.925  7/15/2022
Sigma-Aldrich Corp          SIAL     3.375   104.979  11/1/2020
Springleaf Finance Corp     AMGFIN   5.400    99.866  12/1/2015
SquareTwo Financial Corp    SQRTW   11.625    64.000   4/1/2017
Swift Energy Co             SFY      7.875    12.500   3/1/2022
Swift Energy Co             SFY      7.125    12.845   6/1/2017
Swift Energy Co             SFY      8.875    13.000  1/15/2020
TMST Inc                    THMR     8.000    10.000  5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO   9.750    48.250  2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO   9.750    46.500  2/15/2018
Terrestar Networks Inc      TSTR     6.500    10.000  6/15/2014
TetraLogic
  Pharmaceuticals Corp      TLOG     8.000    45.000  6/15/2019
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc               TXU     10.250     9.500  11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc               TXU     11.500    34.500  10/1/2020
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc               TXU     15.000     8.500   4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc               TXU     10.250     9.500  11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc               TXU     10.500    13.250  11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc               TXU     15.000     8.500   4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc               TXU     11.500    37.750  10/1/2020
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc               TXU     10.250     6.000  11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc               TXU     10.500    12.625  11/1/2016
Venoco Inc                  VQ       8.875    14.758  2/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     11.750    19.000  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     11.750    15.500  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     11.750     1.444  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     13.000     1.350   8/1/2020
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS      8.750     1.600   2/1/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     11.750    18.375  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     11.750     1.492  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     11.750     1.492  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     11.750    18.375  1/15/2019
Vulcan Materials Co         VMC     10.125    98.663 12/15/2015
Walter Energy Inc           WLTG     9.500    32.000 10/15/2019
Walter Energy Inc           WLTG    11.000     1.000   4/1/2020
Walter Energy Inc           WLTG     8.500     0.250  4/15/2021
Walter Energy Inc           WLTG     9.500    31.750 10/15/2019
Walter Energy Inc           WLTG     9.500    31.750 10/15/2019
Walter Energy Inc           WLTG     9.500    31.750 10/15/2019
Warren Resources Inc        WRES     9.000    20.500   8/1/2022
Warren Resources Inc        WRES     9.000    21.125   8/1/2022
Warren Resources Inc        WRES     9.000    21.125   8/1/2022
iHeartCommunications Inc    IHRT    10.000    39.400  1/15/2018


                            *********

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

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

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

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

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

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

                            *********

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

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

Copyright 2015.  All rights reserved.  ISSN: 1520-9474.

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

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***