TCR_Public/151207.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, December 7, 2015, Vol. 19, No. 341

                            Headlines

800 BOURBON STREET: Bay Bridge Has Allowed Secured In Rem Claim
ALPHA NATURAL: Selling 7 Active Central Appalachian Coal Complexes
ALPHA NATURAL: Shareholders Want Official Committee
AMERICAN APPAREL: Ousted Founder Hires Advisers
AOXING PHARMACEUTICAL: Wilfred Chow Quits as CFO

ARAMAK SERVICES: Moody's Assigns B2 Rating on 2024 Notes
ARAMARK SERVICES: S&P Rates New $300MM Sr. Unsec. Notes 'BB-'
ASPEN GROUP: Incurs $744K Net Loss in Second Quarter
ATLANTIC & PACIFIC: Best Yet Market to Buy NY Stores for $8.5-Mil.
ATLANTIC & PACIFIC: Bid Procedures for Food Emporium IP Assets OK'd

ATLANTIC & PACIFIC: CW A&P, 2 Others Buying Assets for $1.27-Mil.
ATLANTIC & PACIFIC: Manischevitz Buying Brooklyn Store for $6.3M
ATTITUDE DRINKS: Posts Net Loss in Quarter Ended Sept. 30, 2015
AXION INTERNATIONAL: Joint Administration of Cases Sought
AXION INTERNATIONAL: Proposes Jan. 18 Kronstadt-Led Auction

AXION INTERNATIONAL: Wants to Obtain $2.2M DIP Loan
B&L EQUIPMENT: Section 341 Meeting Scheduled for Jan. 6
BEHRINGER HARVARD: To Make $12.8M Final Distribution
BG MEDICINE: Marcum Replaces Deloitte as Accountants
BIOLIFE SOLUTIONS: Girschweiler Holds 31.4% Stake as of Nov. 28

BION ENVIRONMENTAL: Submits Branding Application to USDA
BMB MUNAI: Turlov Reports 80.1% Stake as of Nov. 23
BROWNIE'S MARINE: Says Cash Flow Insufficient for Operations
BT FOREST PARK: Sabra Texas Has $83.9-Mil. Unsecured Claim
BT FOREST PARK: Section 341 Meeting Set for Dec. 29

CAFE SERENDIPITY: Charles Mathews Resigns as CFO
CALMARE THERAPEUTICS: Reports $779,000 Net Loss for Fiscal Q2
CLAIRE'S STORES: Incurs $35.9 Million Net Loss in Third Quarter
CLAIRE'S STORES: Reports Fiscal 2015 Third Quarter Results
COLLINS & AIKMAN: Jim Dobbas Ordered to Pay $265K to DTSC

COMMUNICATION INTELLIGENCE: Completes $1 Million Loan Financing
CROWN MEDIA: Directors Griffith and Doyal to Retire
CRYOPORT INC: Effects Amendment to Bylaws
CTI BIOPHARMA: Amends Rights Agreement with Computershare Trust
CTI BIOPHARMA: Board Approves Bylaws Amendment

CTI BIOPHARMA: Offering $50 Million Preferred Shares
CYANCO INTERMEDIATE: Moody's Affirms B2 Corporate Family Rating
CYPRESS SEMICONDUCTOR: Moody's Affirms B1 Corporate Family Rating
DARA BIOSCIENCES: Cites Going Concern Doubt, Continued Losses
DIAMOND PUBLISHING: Hearing on Case Dismissal Set for Dec. 17

DOVER DOWNS GAMING: Credit Facility Casts Going Concern Doubt
EASTMOND & SONS: Court Orders Joint Administration of Cases
EASTMOND & SONS: Gets Interim OK to Use Cash Collateral
EDENOR SA: Obtains $283 Million From CAMMESA
ELBIT IMAGING: Elbit Plaza to Sell Special Purpose Vehicle

ELITE PHARMACEUTICALS: To Restate Financial Statements
EMERALD ISLE: Edward Bernatavicius is UST's Substitute Counsel
EMERALD ISLE: Hires Allan D. NewDelman as Bankruptcy Counsel
ESSEX RENTAL: Posts Net Loss, Says Unit Has Going Concern Doubt
FILMED ENTERTAINMENT: Columbia House Buyer Bends Creditor Attack

FINJAN HOLDINGS: To Amend Infringement Complaint Against Sophos
FIRST DATA: Issues $3.2 Billion Senior Notes Due 2024
FOREST PARK REALTY: Files List of 3 Largest Unsecured Creditors
FOREST PARK REALTY: Section 341 Meeting Scheduled for Dec. 29
FOUNDATION HEALTHCARE: Presented at Piper Jaffray Conference

FPMC FORT WORTH: Files List of 6 Largest Unsecured Creditors
FPMC FORT WORTH: Hospital in Ch. 11 After Lender Cut Funding
FPMC FORT WORTH: Section 341 Meeting Scheduled for Jan. 8
FREESEAS INC: Special Meeting of Shareholders Set for Dec. 28
FTE NETWORKS: Files Copy of Investor Presentation with SEC

FTE NETWORKS: Sets Final Settlement Date for Cash Tender Offer
GARLOCK SEALING: Dallas Firm Wants Lower Court's Decision Revised
GELT FINANCIAL: Court Affirms $563K Order Against Miller, et al.
GENERAL STEEL: Fails to Company with NYSE Listing Standard
GLYECO INC: To Join LD Micro Conference

GO YE VILLAGE: Section 341 Meeting Set for Jan. 11
GRAINGER FARMS: Largest Bankruptcy Case in Tampa Bay in 2015
GROUP 1 AUTOMOTIVE: S&P Rates New $250MM Sr. Unsec. Notes 'BB'
GT ADVANCED: Dec. 17 Hearing on Bid for Exclusivity Extensions
GUESTLOGIX INC: Enters Into Forbearance Agreements with Lenders

HALCON RESOURCES: $288 Million Existing Notes Validly Tendered
HARLAND CLARKE: S&P Raises 1st Lien Secured Debt Rating to 'BB-'
HCA INC: Fitch Rates $500MM Sr. Unsecured Add-On Notes 'BB'
HEALTH SUPPORT: In List of 2015 Biggest Tampa Bay Bankr. Filings
HEDGEPATH PHARMACEUTICALS: Posts Net loss in Qtr. Ended Sept. 30

HOVNANIAN ENTERPRISES: Reports Fiscal 2015 Results
HYDROCARB ENERGY: Extends Maturity of Shadow Tree Credit Agreement
HYDROCARB ENERGY: Typenex Demands Payment of $2-Mil.
INVENTIV HEALTH: Joins Bank of America 2015 Conference
IPAYMENT INC: Moody's Affirms Caa1 Corp. Family Rating

JOE'S JEANS: Appeals Nasdaq Delisting Determination
JUSTIN DAVIS ENTERPRISES: In Biggest Tampa Bay Bankr. Cases List
JW RESOURCES: Amended Schedules of Assets and Liabilities Filed
JW RESOURCES: Has Until December 10 to File Chapter 11 Plan
JW RESOURCES: Wagner Replaces Porter as Designated Individual

KEMET CORP: Files Copy of Presentation Materials with SEC
KH FUNDING: Escobar Ordered to Pay $134K
LIQUIDATION TRUST: In List of Biggest Tampa Bay Bankr. Filings
LLS AMERICA: $34K Judgment Awarded Against Bowlins
MEADOWS FAMILY: In List of 2015 Biggest Tampa Bay Bankr. Filings

MEDICURE INC: Approves Grants of Stock Options to Employees
MICROSEMI CORP: S&P Cuts CCR to 'BB-' on PMC-Sierra Deal
MONAKER GROUP: Obtains $250,000 From Units Offering
NET ELEMENT: Investors Convert Preferred Shares to Common Shares
NET ELEMENT: Oleg Firer Has 10.3% Stake as of Nov. 30

NII HOLDINGS: Substantial Doubt on Going Concern Ability Remains
NINE WEST: S&P Lowers CCR to 'CCC+' & 1st Lien Debt Rating to 'B'
OFFSHORE GROUP: Seeks Joint Administration of Cases
OVERSEAS SHIPHOLDING: S&P Affirms B- Rating on $107MM Unsec. Notes
OXYSURE SYSTEMS: Changes Name to "OxySure Therapeutics, Inc."

PITTSBURG RDA: Fitch Raises Rating $142.3-Mil. TABs to 'BB+'
PRECISION OPTICS: Hershey Reports 16.9% Stake as of Dec. 1
QUIKSILVER INC: Akin Gump Approved as Co-Counsel to Committee
QUIKSILVER INC: Committee Wants Plan Outline Concerns Resolved
QUIKSILVER INC: Cooley Retention as Panel Counsel Ends Sept. 28

QUIKSILVER INC: Gets Approval to Sell Assets to ColEx for $200K
QUOTIENT LIMITED: Says Expenditure Plans Exceed Cash Holdings
REEDY GLOBAL: Files for Chapter 11 to Stop Foreclosure
REEDY GLOBAL: Files Schedules of Assets and Liabilities
REEDY GLOBAL: Wants to Use Farm Credit's Cash Collateral

RESTAURANTS ACQUISITION: Files for Chapter 11 to Reorganize
RESTAURANTS ACQUISITION: Hires BMC as Claims and Noticing Agent
RESTAURANTS ACQUISITION: Proposes to Pay $1.5M to Critical Vendors
RESTAURANTS ACQUISITION: To Reject Leases for 13 Non-Core Stores
RESTAURANTS ACQUISITION: Wants Feb. 2 Deadline to File Schedules

ROSETTA GENOMICS: Amends Series B Warrants
ROSETTA GENOMICS: Reports Third Quarter 2015 Financial Results
ROSETTA GENOMICS: Shareholders OK All Proposals at Annual Meeting
SEACOR HOLDINGS: Fitch Lowers Issuer Default Rating to 'B'
SEARS HOLDINGS: Incurs $454 Million Net Loss in Third Quarter

SIGNAL INTERNATIONAL: Court OKs Sale of All Assets to TRSA, ERSA
SOLAR POWER: Stockholders Approve Amended Merger Agreement
SPENDSMART NETWORKS: Offers to Amend Warrants
SPHERIX INC: Posts $2.73-Mil. Net Loss in Quarter Ended Sept. 30
ST. MICHAEL'S MEDICAL: $62-Mil. Sale to Prime Healthcare Approved

ST. MICHAEL'S MEDICAL: Challenge Deadline Extended to Jan. 15
TAMARA MELLON BRAND: Files for Chapter 11 Bankruptcy Protection
TENET HEALTHCARE: Signs Agreement for Sale of 5 Hospitals
TEREX CORP: S&P Removes 'BB' CCR From CreditWatch Negative
THE GREAT ATLANTIC: Publix Objects to GREEN WAY Mark Sale

TIANYIN PHARMA: Receives NYSE MKT Listing Non-Compliance Notice
TN-K ENERGY: Incurs $1.3 Million Net Loss in Second Quarter
TRANSGENOMIC INC: Finalizes Divestment of Genetic Assays Unit
TURNER TREE: Case Summary & Largest Unsecured Creditor
VERITEQ CORP: To Acquire The Brace Shop

VICTORY MEDICAL: Court Approves $2.3-Mil. Financing From CEO
VIGGLE INC: Borrows Additional $1-Mil. From Sillerman
VISCOUNT SYSTEMS: Completes $300,000 Financing Transactions
VISUALANT INC: Auditor Expresses Going Concern Doubt
WALTER ENERGY: Auction of All Assets Slated for January 5

WESTMORELAND COAL: Frischer Holds 3.9% Stake as of Nov. 25
[*] Roberts Joins Conway MacKenzie's Bank Litigation Support Team
[*] Simcha David Joins EisnerAmper's Financial Services Group
[^] BOND PRICING: For the Week from Nov. 30 to Dec. 4, 2015

                            *********

800 BOURBON STREET: Bay Bridge Has Allowed Secured In Rem Claim
---------------------------------------------------------------
Judge Elizabeth W. Magner of the United States Bankruptcy Court for
the Eastern District of Louisiana granted Bay Bridge Building
Limited Company, LLC's Cross Motion for Summary Judgment, and
denied 800 Bourbon Street, LLC's motion.

On July 21, 2015, an adversary proceeding was filed by 800 Bourbon
objecting to Bay Bridge's proof of claim no. 5, which was allegedly
secured by the building owned by 800 Bourbon, and evidenced by four
promissory notes signed by Johnny Chisholm on behalf of 800
Bourbon.

On July 22, 2015, an auction was held of substantially all of the
assets of debtors 800 Bourbon and Louisiana Interests, Inc.,
including Bay Bridge's collateral.  On August 3, 2015, an order was
entered approving the prevailing bid for $8,175,000, as well as an
order confirming the debtors' Second Amended Joint Chapter 11 Plan.
By agreement between Bay Bridge and the debtors, the orders
provided for the escrow of $1,649,000 of sale proceeds subject to
Bay Bridge's lien.  Bay Bridge then released its lien against 800
Bourbon's property and sought distribution of the funds held in
escrow.

Bay Bridge recorded its mortgage on April 29, 2005 and reinscribed
it on July 23, 2015.

Judge Magner found that 800 Bourbon's Plan of Reorganization in
2009 is clear that Bay Bridge had an allowed secured in rem claim
of $1,360,571.01.  However, the judge also found that 800 Bourbon
was not estopped from attacking the claim nor barred by res
judicata, and that Bay Bridge was required to maintain the
perfection of its security post-confirmation.  Nonetheless, Judge
Magner ruled that in this case, perfection is not a requirement to
enforce a mortgage between the parties.

As prayed for by Bay Bridge in its Cross Motion for Summary
Judgment, the allegations in 800 Bourbon's complaint were denied,
and the funds escrowed for Bay Bridge's claim will be released to
Bay Bridge.

The case is IN RE: 800 BOURBON STREET, LLC, Chapter 11, Debtor. 800
BOURBON STREET, LLC Plaintiff, v. BAY BRIDGE BUILDING LIMITED
COMPANY, LLC Defendant, CASE NO. 14-12770, SECTION A, ADVERSARY NO.
15-1052 (Bankr. E.D. La.).

A full-text copy of Judge Wagner's November 20, 2015 memorandum
opinion is available at http://is.gd/GmtDuAfrom Leagle.com.

800 Bourbon Street, LLC is represented by:

          Joseph Patrick Briggett, Esq.
          Stewart F. Peck, Esq.
          LUGENBUHL WHEATON PECK RANKIN & HUBBARD
          601 Poydras St., Suite 2775
          New Orleans, LA 70130
          Email: jbrigget@lawla.com
                 speck@lawla.com  

Bay Bridge Building Limited Company, LLC is represented by:

          Stephen L. Williamson, Esq.
          MONTGOMERY BARNETT, L.L.P.
          3300 Energy Centre
          1100 Poydras Street
          New Orleans, LA 70163-3300
          Tel: (504) 585-3200
          Fax: (504) 585-7688
          Email: swilliamson@monbar.com


ALPHA NATURAL: Selling 7 Active Central Appalachian Coal Complexes
------------------------------------------------------------------
Jim Levesque, writing for Platts.com, reports that Alpha Natural
Resources amended last week its list of assets for sale in an
already court-approved bidding procedure, adding seven active
Central Appalachian coal complexes.

Platts.com relates that these assets in West Virginia were added to
the sale list: (a) the Bandmill complex; (b) the Delbarton complex;
(c) the Inman/Admiral complex; (d) the Mammoth complex; and (e) the
Litwar complex.  The report adds that Kentucky additions to the
list  include the Sidney complex and Roxana complex.  The Company
said in court documents that it could add more assets for sale to
the list, which it noted "remains subject to further
modification."

According to Platts.com, the complexes that the Company had
initially proposed to sell were comprised of closed or closing
mines, but 14 of the 15 mines at the seven West Virginia and
Kentucky complexes added to the list are currently active.  The
report says that in the original list of assets for sale, five
mines produced coal this year -- the Edwight Surface, Rock Springs
(Camp Creek), Twilight Surface and Superior Surface mines in West
Virginia, and the Tiller No. 1 mine in Virginia.  The report states
that the bidding deadline for the assets is Jan. 20, 2016, while
the auction date, if necessary, is Jan. 27.

                        About Alpha Natural

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

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

Judge Kevin R. Huennekens presides over the case.

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

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

The U.S. Trustee for Region 4 appointed seven creditors of Alpha
Natural Resources Inc. to serve on the official committee of
unsecured creditors.  Dennis F. Dunne, Esq., Evan R. Fleck, Esq.,
and Eric K. Stodola, Esq., at Milbank, Tweed, Hadley & McCloy LLP;
and William A. Gray, Esq., W. Ashley Burgess, Esq., and Roy M.
Terry, Jr., Esq. at Sands Anderson PC, represent the Committee.


ALPHA NATURAL: Shareholders Want Official Committee
---------------------------------------------------
BankruptcyData reported that certain Alpha Natural Resources'
equity security holders holding in excess of 2.5 million shares of
the Company's common stock filed with the U.S. Bankruptcy Court a
motion to appoint an official committee of equity security
holders.

The motion explains, "To date, the Debtors report having made
efforts to engage major creditor constituencies, but noticeably
excluded from the process has been ANR's approximately 5,000
shareholders.  In fact, not only has this substantial shareholder
body been left out in the cold, their rights have been
affirmatively curtailed as the Debtors have used these cases to
impose trading restrictions.  The numerous shareholders in ANR have
a significant interest that has not been and will not be adequately
represented absent the appointment of a committee.

The Debtors' own first day filings included declarations by top
officers identifying $3 billion in equity on a consolidated basis.
This alone is sufficient to warrant the appointment of a committee
to protect, maintain and maximize this value for the benefit of
shareholders.  The committees that have appeared in this case on an
official and ad hoc basis do not protect the vested interests of
nor adequately represent shareholders….At the same time, the
Debtors' management is no proxy for a shareholders' committee
where, among other things, they have no appreciable stock holdings
themselves.  In light of the significant equity value, the widely
held nature of ANR's stock, the complexity of these cases and the
insufficiency of shareholder representation absent a committee, the
Court should direct the U.S. Trustee to appoint an official
committee of equity security holder."

The Court scheduled a Dec. 17 hearing to consider the motion.

                        About Alpha Natural

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

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

Judge Kevin R. Huennekens presides over the case.

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

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

The U.S. Trustee for Region 4 appointed seven creditors of Alpha
Natural Resources Inc. to serve on the official committee of
unsecured creditors.  Dennis F. Dunne, Esq., Evan R. Fleck, Esq.,
and Eric K. Stodola, Esq., at Milbank, Tweed, Hadley & McCloy LLP;
and William A. Gray, Esq., W. Ashley Burgess, Esq., and Roy M.
Terry, Jr., Esq. at Sands Anderson PC, represent the Committee.


AMERICAN APPAREL: Ousted Founder Hires Advisers
-----------------------------------------------
Ezequiel Minaya, writing for Dow Jones' Daily Bankruptcy Review,
reported that Dov Charney, the ousted chief executive of American
Apparel Inc., said that he is exploring plans with investors and
industry executives to turn around the slipping fortunes of the
company he founded but was driven from last year under a cloud of
sexual-harassment allegations.

According to the report, Mr. Charney is essentially acting now as
an agitating activist investor in the company he founded in 1989.
According to FactSet data, Mr. Charney holds 40.8% of American
Apparel's shares, making him its largest stockholder, the report
related.  With the company making its way through bankruptcy
proceedings, Mr. Charney stands to be among the biggest losers, as
the struggling teen retailer could wipe out his and other
investors' holdings through a debt-for-equity swap, the report
added.

                      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.


AOXING PHARMACEUTICAL: Wilfred Chow Quits as CFO
------------------------------------------------
Wilfred Chow resigned from his position as Aoxing Pharmaceutical
Company Inc.'s chief financial officer, the Company disclosed in a
Form 8-K report filed with the Securities and Exchange Commission.


On Nov. 30, 2015, the Board of Directors appointed Guoan Zhang to
serve as the Company's chief financial officer.  Mr. Zhang has been
the Company's senior vice president of Finance since June 2010 and
chief accounting officer since March 2010.  Mr. Zhang also served
as the Company's acting chief financial officer from July 2012 to
December 2014.

                          About Aoxing

Aoxing Pharmaceutical Company, Inc., has one operating subsidiary,
Hebei Aoxing Pharmaceutical Co., Inc., which is organized under
the
laws of the People's Republic of China.  Since 2002, Hebei Aoxing
has been engaged in developing narcotics and pain management
products.  In 2008 Hebei Aoxing supplemented its product lines by
acquiring Shijiazhuang Lerentang Pharmaceutical Company, Ltd., a
specialty pharmaceutical company focusing on herbal pain related
therapeutics.  The Company owns 95% of the equity in Hebei Aoxing.

Aoxing Pharmaceutical reported net income attributable to
shareholders of the Company of $5.49 million on $25.48 million of
sales for the year ended June 30, 2015, compared to a net loss
attributable to shareholders of the Company of $8.21 million on
$12.7 million of sales for the year ended June 30, 2014.

As of Sept. 30, 2015, the Company had $55.0 million in total
assets, $41.4 million in total liabilities and $13.6 million in
total equity.

BDO China Shu Lun Pan Certified Public Accountants LLP, in
Shanghai, People's Republic of China, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, stating that the Company accumulated a large
deficit and a working capital deficit that raise substantial doubt
about its ability to continue as a going concern.


ARAMAK SERVICES: Moody's Assigns B2 Rating on 2024 Notes
--------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Aramark Services,
Inc.'s proposed $300 million senior unsecured notes due 2024. All
other ratings, including the Ba3 corporate family rating ("CFR"),
and the stable outlook remain unchanged.

The net proceeds of the new notes will be used for general
corporate purposes, including to reduce the outstanding balances
under Aramark's existing revolving credit facility.

-- Issuer: Aramark Services, Inc.

Assignment:

-- Senior Unsecured Notes due 2024, Assigned B2 (LGD5)

Adjustment:

-- Senior Unsecured Notes due 2020, Revised to B2 (LGD5) from B2
    (LGD6)

RATINGS RATIONALE

"Moody's expects slow but steady EBITDA growth and debt reduction
to drive Aramark's debt to EBITDA below 4.5 times in 2016," said
Edmond DeForest, Moody's Senior Credit Officer.

The Ba3 CFR is supported by Aramark's leadership positions in
growing markets favoring outsourcing trends, along with a stable
and predictable business model driven by long-term contracts and
fixed assets providing meaningful competitive barriers. Moody's
anticipates low single digit revenue growth, a partial rebound in
EBITA margins to around 5.5% and debt repayment of about $100
million a year. Revenue growth will be driven by slowly improving
conditions across most service lines. Growth in free cash flow will
be aided by management and business process improvement initiatives
and fewer non-recurring cash uses, although investments in capital
expenditures associated with new and expanded contracts could limit
the pace. Liquidity is considered good, reflecting Moody's
expectations for free cash flow of over $100 million and
significant availability under the $730 million committed revolver
maturing in 2019.

All financial metrics reflect Moody's standard adjustments.

The Ba3 (LGD3) rating on the senior secured credit facility is at
the same rating level as the CFR as a substantial portion of
Aramark's debt is secured. A decrease in the proportion of senior
secured debt to total debt could lead to an upgrade in the senior
secured rating.

The stable ratings outlook reflects Moody's expectations for low
single digit revenue growth and over $1.3 billion a year of EBITDA.
The ratings could be downgraded if, as a result of some combination
of poor results from operations, acquisitions or
shareholder-friendly actions, Moody's expects debt to EBITDA to be
maintained above 5 times or retained cash flow to debt to remain
below 12%. The ratings could be upgraded if Aramark achieves
sustained revenue growth, stable profitability as measured by EBITA
margins of at least 6% and demonstrates conservative financial
policies such that we expect sustained debt to EBITDA around 4
times and retained cash flow to debt at least 16%.

Aramark is a provider of food and related services to a broad range
of institutions and the second largest uniform and career apparel
business in the United States. Aramark is owned by public
shareholders. Moody's expects revenues of about $15 billion in
2016.



ARAMARK SERVICES: S&P Rates New $300MM Sr. Unsec. Notes 'BB-'
-------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' issue-level
rating to Philadelphia–based Aramark Services Inc.'s proposed
$300 million senior unsecured notes due 2024.  The '5' recovery
rating on the proposed notes indicates S&P's view that creditors
could expect recovery in the lower half of the 10% to 30% range in
the event of a payment default.  S&P expects the company will use
the net proceeds from the proposed issuance for general corporate
purposes, including to reduce outstanding borrowings under its
revolving credit facility.  S&P's ratings assume the transaction
closes on substantially the terms provided to them.  Debt
outstanding pro forma for the proposed transaction is about
$5.3 billion.

All of S&P's existing ratings on the company, including its 'BB'
corporate credit rating, 'BBB-' senior secured debt rating, and
existing 'BB-' senior unsecured notes rating, are unchanged by the
transaction.  The recovery rating on the existing senior unsecured
notes remains '5'; however, S&P believes creditors could now expect
recovery in the lower half of the 10% to 30% range in the event of
a payment default, compared to the upper half prior to the
transaction.  The outlook is stable.

S&P's ratings on Aramark incorporate the company's leading (though
not dominant) position in the competitive and fragmented food and
support services market and its sizable business with customers in
relatively stable service segments (particularly heath care,
education, and corrections), which S&P believes translates into
consistent profitability.  S&P's ratings also incorporate Aramark's
high client retention rates and moderate geographic diversity.  S&P
believes the company has a generally good reputation as an
efficient operator and could benefit from potential industrywide
growth in outsourcing.  S&P forecasts debt to EBITDA will be near
3.5x-4x and funds from operations to debt in the 18-21% area over
the next few years.

RATINGS LIST

Aramark
Aramark Services Inc.
Corporate credit rating              BB/Stable/--

Ratings Assigned
Aramark Services Inc.
Senior unsecured
  $300 mil. notes due 2024            BB-
   Recovery rating                    5L



ASPEN GROUP: Incurs $744K Net Loss in Second Quarter
----------------------------------------------------
Aspen Group, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $744,420 on $1.91 million of revenues for the three months ended
Oct. 31, 2015, compared to a net loss of $1.16 million on $1.21
million of revenues for the same period in 2014.

For the six months ended Oct. 31, 2015, the Company reported a net
loss of $1.46 million on $3.61 million of revenues compared to a
net loss of $2.02 million on $2.38 million of revenues for the same
period last year.

As of Oct. 31, 2015, the Company had $5.25 million in total assets,
$3.93 million in total liabilities and $1.31 million in total
stockholders' equity.

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

                       http://is.gd/6antiY

                         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.


ATLANTIC & PACIFIC: Best Yet Market to Buy NY Stores for $8.5-Mil.
------------------------------------------------------------------
A federal judge approved A&P Real Property LLC's four separate sale
agreements with Best Yet Market Inc.

Under the agreements, Best Yet Market will purchase the company's
assets for a total amount of $8.535 million.  The assets include
leases on four A&P stores located in Commack, East Rockaway,
Merrick and Westhampton Beach, in New York.

Best Yet Market won the auction for the assets conducted in
October, court filings show.  

The sale agreements were approved by U.S. Bankruptcy Judge Robert
Drain who oversees A&P's Chapter 11 case.

                       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: Bid Procedures for Food Emporium IP Assets OK'd
-------------------------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern
District of New York approved The Great Atlantic & Pacific Tea
Company, Inc., et al.'s bidding procedures for their intellectual
property and related assets, as well as the bid protections granted
to stalking horse bidder, Key Food Stores Co-Operative, Inc.

The Debtors are seeking to sell their intellectual property and
related assets ("IP Assets") to Key Food, which has submitted a
stalking horse bid.  Key  Food and the Debtors have executed an
asset purchase agreement ("Stalking Horse Agreement") for the
purchase of the "Food Emporium" banner, trademarks, domain names,
e-commerce business and fully-developed mobile application
("Stalking Horse Assets") for the sum of $1,750,000 and Key Food's
assumption of the assumed liabilities.  The Stalking Horse Bid is
subject to higher or better offers submitted in accordance with the
terms and conditions of the Bidding Procedures and the Stalking
Horse Agreement.

The Bid Procedures contain, among others, these terms:

     (a) Purchase Price; Minimum Bid: Each Bid must (i) be a Bid
for all of the Stalking Horse Assets, (ii) that includes a cash
purchase price or a credit bid from a secured lender equal to
$1,875,000, inclusive of Termination Payment, and (iii) propose an
alternative transaction that provides substantially similar or
better terms than the Stalking Horse Bid, or (iv) propose to
purchase the Stalking Horse Assets for cash.

     (b) Bid Deadline: Nov. 30, 2015.

     (c) Stalking Horse Objection Deadline: Nov. 30, 2015.

     (d) Auction Date: Dec. 2, 2015.

     (e) Sale Objection Deadline: Dec. 7, 2015 at 4:00 p.m.

     (f) Sale Approval Hearing: Dec. 10, 2015

     (g) Bid Protections: Key Food Stores will be granted the right
to a Termination Payment comprised of a break-up fee of 3% of the
Cash Purchase Price, plus reimbursement of up to $25,000 in actual,
reasonable and documented expenses incurred in connection with the
purchase of the Stalking Horse Assets and the Stalking Horse
Agreement.  The Termination Payment will be (a) paid in cash from
the proceeds of any approved sale or (b) credited against the
purchase price if, after an Auction, the Stalking Horse Bidder's
bid is the Successful Bid and the sale contemplated by the Stalking
Horse Agreement is consummated.

The Great Atlantic & Pacific Tea Company is represented by:

          Garret A. Fail, Esq.
          WEIL, GOTSHAL & MANGES LLP
          767 Fifth Avenue
          New York, NY 10153
          Telephone: (212)310-8000
          Facsimile: (212)310-8007
          E-mail: garrett.fail@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: CW A&P, 2 Others Buying Assets for $1.27-Mil.
-----------------------------------------------------------------
A federal judge approved A&P Real Property LLC's two separate sale
agreements with CW A&P Mamaroneck LLC and Navesink Center LLC.

The order, issued by U.S. Bankruptcy Judge Robert Drain, allowed
the company to sell the assets used in operating its store in
Mamaroneck, New York, to CW A&P, which offered $66,000.

Meanwhile, Navesink Center made a $425,000 offer to acquire an A&P
store in Navesink, New Jersey.

Both buyers were selected as the winning bidders at a
court-supervised auction held in October, court filings show.

In a separate ruling, Judge Drain allowed A&P Live Better LLC,
another affiliate of Great Atlantic & Pacific Tea Company Inc., to
sell its assets to Oster Fairlawn Properties LLC.

Under the deal, Oster Fairlawn made a $700,000 offer to acquire the
lease on the A&P store located along Maple Avenue, Fair Lawn, New
Jersey.  Meanwhile, it offered $75,000 for the other assets.

Oster Fairlawn also emerged as the winning bidder at the October
auction.

                       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: Manischevitz Buying Brooklyn Store for $6.3M
----------------------------------------------------------------
Manischevitz Family LLC will acquire the assets used in operating
the store owned by A&P Real Property LLC in New York, according to
court filings.

A&P, an affiliate of Great Atlantic & Pacific Tea Company Inc.,
will receive $6.3 million for the assets, which include a lease on
the store located at 1-37 12th Street, in Brooklyn, New York.  

Under the deal, Manischevitz made a $6.225 million offer to acquire
the lease while it offered $75,000 for the other assets.

The companies signed the deal following a two-day auction held in
October where Manischevitz emerged as the winning bidder.
Manischevitz beat out rival bidder Wakefern Food Corp., according
to court filings.    

The sale was approved by U.S. Bankruptcy Judge Robert Drain who
oversees A&P's Chapter 11 case.  

                       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.


ATTITUDE DRINKS: Posts Net Loss in Quarter Ended Sept. 30, 2015
---------------------------------------------------------------
Attitude Drinks Incorporated reported a net loss of $49,882 for the
three months ended June 30, 2015, compared to a net loss of
$527,993 for the three months ended June 30, 2014.  For the three
months ended June 30, 2015, we reported a net loss of $(49,882)
which was affected by recording the fair value adjustment of the
convertible notes for $241,930, amortization of debt discount for
$247,007 and derivative expense of $2,038,679 offset by minority
interest for $(1,465,605) and gain from debt restructuring for
$(1,612,910), Attitude Drinks President and Chief Executive Officer
Roy G. Warren and Chief Financial officer and Principal Accounting
Officer Tommy E. Kee disclosed in a regulatory filing with the U.S.
Securities and Exchange Commission on November 2, 2015.

"We have yet to achieve any substantial revenues or profitability,
and our ability to continue as a going concern will be dependent
upon us receiving additional third party financings to fund our
business at least throughout the next twelve months in our new
fiscal year.  Ultimately, our ability to continue is dependent upon
the achievement of profitable operations," Messrs. Warren and Kee
said.

"These conditions raise substantial doubt about our ability to
continue as a going concern."

The company currently has monthly working capital needs of
approximately $125,000 to $150,000.  This amount is, however,
expected to increase in the next fiscal year, primarily due to the
following factors:

* Increased employees, sales consultant and related travel costs;

* Required interest payments on our convertible promissory notes
   payable; and

* Increased product development costs for new products, packaging
   and marketing materials.

As of June 30, 2015, the company had total assets of $6,678,792,
total long-term liabilities of $1,921,298, and total stockholders'
deficit of $16,783,997.

"We anticipate that, depending on market conditions and our plan of
operations, we may incur operating losses in the future based
mainly based on the fact that we may not be able to generate enough
gross profits from our sales to cover our operating expenses and to
increase our sales and marketing efforts.  There is no assurance
that further funding will be available at acceptable terms, if at
all, or that we will be able to achieve profitability or receive
adequate funding for new product research and development
activities," Messrs. Warren and Kee said.  

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/zqw8m2p

Attitude Drinks Incorporated is engaged in two segments of the
beverage industry: (i) the functional beverage segment through its
development and sale of non-alcoholic beverages to retail
establishments and (ii) the craft brewing segment through its
indirect interest in a World of Beer franchise restaurant that
sells, among other things, beer to consumers.  The company formerly
known as Mason Hill Holdings, Inc. is headquartered in North Palm
Beach, Florida.



AXION INTERNATIONAL: Joint Administration of Cases Sought
---------------------------------------------------------
Axion International, Inc., Axion International Holdings, Inc., and
Axion Recycled Plastics Incorporated ask the Bankruptcy Court to
authorize the joint administration of their cases under Lead Case
No. 15-12415.

The Debtors anticipate that numerous filings and additional
matters, including notices, applications, motions, orders, hearings
and other proceedings will affect several, if not all, of them.

"Joint administration of the Debtors' estates will avoid
repetitive, duplicative and potentially confusing filings by
permitting counsel for all parties-in-interest to (i) use a single
caption on the numerous documents that will be filed and served in
the Debtors' reorganization cases, and (ii) file many documents in
only one of the Debtors' reorganization cases rather than in
multiple cases; provided, however, that all schedules of assets and
liabilities, statements of financial affairs, and proofs of claims
will be captioned and filed in each of the Debtors' respective,
separate cases, as appropriate," says Justin R. Alberto, Esq., at
Bayard, P.A., attorney for the Debtors.

According to Mr. Alberto, supervision of the administrative aspects
of the Chapter 11 cases by the Office of the U.S. Trustee and the
Court will be simplified by joint administration.

Bankruptcy Rule 1015(b) states that: "[i]f a joint petition or two
or more petitions are pending in the same court by or against ... a
debtor and an affiliate, the court may order a joint administration
of the estates" of such debtor and affiliates.

                          About Axion

Axion International, Inc., Axion International Holdings, Inc. and
Axion Recycled Plastics Incorporated filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Proposed Lead Case No. 15-12415) on
Dec. 2, 2015.  The petition was signed by Donald W. Fallon as chief
financial officer and treasurer.  The Debtors estimated both assets
and liabilities in the range of $10 million to $50 million.
Bayard, P.A. represents and Debtors as counsel.  Epiq Bankruptcy
Solutions, LLC serves as the Debtors' claims and noticing agent.
Judge Christopher S. Sontchi has been assigned the case.

The Debtors manufacture, market and sell structural products and
building materials, with an emphasis on railroad ties and
construction mats.

As of the Petition Date, the Debtors employ approximately 70
employees.


AXION INTERNATIONAL: Proposes Jan. 18 Kronstadt-Led Auction
-----------------------------------------------------------
Axion International, Inc., et al., ask the Bankruptcy Court to
approve proposed procedures in connection with the sale of their
assets.  As noted in a declaration accompanying the Debtors'
bankruptcy petition, the board of directors of the Debtors has
authorized the filing of the Chapter 11 cases to pursue a sale of
the Debtors' assets, given the Debtors' inability to independently
survive as a going concern.

The Debtors have entered into a stalking horse purchase agreement
with Allen Kronstadt as stalking horse bidder.  Kronstadt is a
former director of the Debtors and has been involved in the
Debtors' capital structure since 2012.  Mr. Kronstadt intends to
credit bid at least $3.2 million of his secured indebtedness --
approximately $5.2 million as of the Petition Date -- and assume
the balance of such indebtedness that Mr. Kronstadt does not credit
bid.

Although the Debtors believe the proposed Term Sheet and impending
Asset Purchase Agreement are fair and reasonable and reflect the
highest and best value under the circumstances for the Purchased
Assets, and although they marketed their assets prepetition, the
Debtors nevertheless intend to offer the assets for sale in the
hope that higher and better bids are generated for all or a portion
of the Purchased Assets.

The Debtors propose the following timeline:

     Event                                     Date
     -----                                     ----
     Bidding Procedures Hearing                December 23, 2015

     Objection Deadline for Sale Hearing       January 12, 2016 at
                                               4:00 p.m.

     Bid Deadline                              January 15, 2016 at
                                               5:00 p.m.

     Auction Date (if necessary)               January 18, 2016 at
                                               10:00 a.m.

     Sale Hearing                              January 19, 2016

                       Bidding Procedures

The Debtors request authority to solicit bids for the Purchased
Assets utilizing the Bidding Procedures.  The Bidding Procedures
describe, among other things, the assets to be sold, the manner in
which bids become "qualified," the coordination of diligence
efforts among potential bidders, the Debtors, and their advisors
and management, the receipt and negotiation of bids received, the
conduct of any auction, and the selection and approval of the
Successful Bidder.

The Debtors intend to seek approval of certain bid protections and
bidding procedures to complete the marketing process and ensure
that the Debtors realize the highest and best value for their
assets.  The Bidding Procedures require the Debtors to pay, in
certain circumstances, a (i) $550,000 Break Up Fee, and (ii) the
Purchaser's reasonable costs and expenses, including reasonable
attorneys' fees, up to $250,000.

The Debtors believe it is in the best interests of their estates,
creditors, customers and employees to commence a bidding process
immediately, as they have limited funding and resources to try to
maximize the value of their assets.

A copy of the Bidding Procedures is available for free at:

         http://bankrupt.com/misc/11_AXION_Bidding.pdf

                           About Axion

Axion International, Inc., Axion International Holdings, Inc. and
Axion Recycled Plastics Incorporated filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Proposed Lead Case No. 15-12415) on Dec.
2, 2015.  The petition was signed by Donald W. Fallon as chief
financial officer and treasurer.  The Debtors estimated both assets
and liabilities in the range of $10 million to $50 million.
Bayard, P.A. represents and Debtors as counsel.  Epiq Bankruptcy
Solutions, LLC serves as the Debtors' claims and noticing agent.
Judge Christopher S. Sontchi has been assigned the case.

The Debtors manufacture, market and sell structural products and
building materials, with an emphasis on railroad ties and
construction mats.

As of the Petition Date, the Debtors employ approximately 70
employees.


AXION INTERNATIONAL: Wants to Obtain $2.2M DIP Loan
---------------------------------------------------
Axion International, Inc., et al., seek authority from the
Bankruptcy Court to obtain up to $2.2 million in postpetition
financing from Plastic Ties Financing LLC, as lender, and use cash
collateral.  The Debtors said the financing will enable them
to purchase raw materials, stabilize operations, and begin
restoring critical relationships.

The Debtors will be able to draw up to $850,000 of this facility
immediately upon issuance of an interim order approving the DIP
Credit Agreement.  The loan bears an interest of 12% per annum and
will mature on Jan. 19, 2016.  

"The Debtors need to access the DIP Facility and use collateral,
including Cash Collateral, to continue production operations and
conduct a sale of their assets.  The Debtors' use of the collateral
(including Cash Collateral) is necessary to ensure that the Debtors
have sufficient working capital and liquidity to preserve and
maintain the going concern value of the Debtors' estates, which in
turn is integral to maximizing recoveries
for the Debtors' stakeholders," according to Scott D. Cousins,
Esq., at Bayard P.A., attorney for the Debtors.

As security for the DIP Lender's commitment, the DIP Lender will be
granted a perfected first priority lien on any and all current and
future assets of the Debtors.

As of the Petition Date, the Debtors owe Allen Kronstadt $5.2
million pursuant to secured promissory notes.  As security for
payment of any claim of Kronstadt for any diminution in value of
the Kronstadt Collateral, the Debtors have agreed to grant
Replacement Liens to Kronstadt on all of the Debtors' now owned or
after-acquired real and personal property, assets and rights, of
any kind or nature, wherever located, and the proceeds, products,
rents and profits thereof.  Kronstadt's Replacement Liens will be
subordinate in priority and right to the DIP Liens.

                          About Axion

Axion International, Inc., Axion International Holdings, Inc. and
Axion Recycled Plastics Incorporated filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Proposed Lead Case No. 15-12415) on Dec.
2, 2015.  The petition was signed by Donald W. Fallon as chief
financial officer and treasurer.  The Debtors estimated both assets
and liabilities in the range of $10 million to $50 million.
Bayard, P.A. represents and Debtors as counsel.  Epiq Bankruptcy
Solutions, LLC serves as the Debtors' claims and noticing agent.
Judge Christopher S. Sontchi has been assigned the case.

The Debtors manufacture, market and sell structural products and
building materials, with an emphasis on railroad ties and
construction mats.

As of the Petition Date, the Debtors employ approximately 70
employees.


B&L EQUIPMENT: Section 341 Meeting Scheduled for Jan. 6
-------------------------------------------------------
A meeting of creditors in the bankruptcy case of B&L Equipment
Rentals, Inc. will be held on Jan. 6, 2016, at 2:00 p.m. at Fresno
Meeting Room 1452.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

                       About B&L Equipment

B&L Equipment Rentals, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Calif. Case No. 15-14685) on Nov. 30, 2015.  The
petition was signed by Lawrence F. Jenkins as president.  The
Debtor listed total assets of $17.14 million and total debts of
$5.02 million.  The Law Office of Leonard K. Welsh represents the
Debtor as counsel.  The case has been assigned to Judge Rene
Lastreto II.

Proofs of claim are due by April 5, 2016.


BEHRINGER HARVARD: To Make $12.8M Final Distribution
----------------------------------------------------
Behringer Harvard Short-Term Opportunity Liquidating Trust,
successor-in-interest to the Behringer Harvard Short-Term
Opportunity Fund I LP disclosed in a letter to the Trust's unit
holders that it will make a final liquidating distribution of
approximately $12.8 million, or $1.19 per unit, to the holders, as
of Dec. 17, 2015, of units of the Trust.  This final distribution
will consist of the net cash proceeds from asset dispositions and
all other cash available for distribution, after satisfaction of
all contingent liabilities and reserves for payment of all
remaining fund costs.  Once this final distribution is made, there
will be no subsequent distributions from the Trust.

                      About Behringer Harvard

Addison, Tex.-based Behringer Harvard is a limited partnership
formed in Texas on July 30, 2002.  The Company's general partners
are Behringer Harvard Advisors II LP and Robert M. Behringer.  As
of Sept. 30, 2011, seven of the twelve properties the Company
acquired remain in the Company's  portfolio.  The Company's
Agreement of Limited Partnership, as amended, provides that the
Company will continue in existence until the earlier of Dec. 31,
2017, or termination of the Partnership pursuant to the
dissolution and termination provisions of the Partnership
Agreement.

                         Plan of Liquidation

On Feb. 11, 2013, the Partnership completed its liquidation
pursuant to a Plan of Liquidation adopted by Behringer Harvard
Advisors II LP, as its General Partner.  The Plan provided for the
formation of a liquidating trust, Behringer Harvard Short-Term
Opportunity Liquidating Trust, for the purpose of completing the
liquidation of the assets of the Partnership.  In furtherance of
the Plan, the Partnership entered into a Liquidating Trust
Agreement with one of the Partnership's General Partners, Behringer
Advisors II, as managing trustee, and CSC Trust Company of
Delaware, as resident trustee.  As of the Effective Date, each of
the holders of limited partnership units in the Partnership
received a pro rata beneficial interest in the Liquidating Trust in
exchange for such holder's interest in the Partnership.  In
accordance with the Plan and the Liquidating Trust Agreement, the
Partnership has transferred all of its remaining assets and
liabilities to the Partnership to be administered, disposed of or
provided for in accordance with the terms and conditions set forth
in the Liquidating Trust Agreement.  The General Partners elected
to liquidate the Partnership and transfer its remaining assets and
liabilities to the Liquidating Trust as a cost saving alternative
that the General Partners believed to be in the best interests of
the investors.  The expenses associated with operating a public
reporting entity, like the Partnership, are comparatively high and
therefore detract from distributable proceeds and returns it can
make to its investors.  The reorganization into a liquidating trust
enables us to reduce costs associated with public reporting
obligations and related audit expenses that are not applicable to
the Liquidating Trust, helping to preserve capital throughout our
disposition phase for the benefit of our investors.  Cutting
expenses and maximizing investor returns is a primary focus in this
disposition phase.

The Partnership's principal demands for funds in the next twelve
months and beyond will be for the payment of operating expenses,
recurring debt service and further principal paydowns on its
outstanding indebtedness as required by its lender.

The Liquidating Trust had notes payable totaling $1 million at Dec.
31, 2014, of which all was to Behringer Harvard Holdings, LLC, a
related party.


BG MEDICINE: Marcum Replaces Deloitte as Accountants
----------------------------------------------------
BG Medicine, Inc., notified Deloitte & Touche LLP of its dismissal
as the Company's independent registered public accounting firm.  

The reports of Deloitte on the consolidated financial statements of
the Company as of and for the fiscal years ended Dec. 31, 2013, and
Dec. 31, 2014, contained no adverse opinion or disclaimer of
opinion and were not qualified or modified as to uncertainty, audit
scope or accounting principles, except in its report dated March
31, 2015, for the fiscal year ended Dec. 31, 2014, and in its
report dated March 27, 2014, for the fiscal year ended Dec. 31,
2013, which reports express an unqualified opinion on the
consolidated financial statements but include explanatory
paragraphs relating to substantial doubt about the Company's
ability to continue as a going concern.

On Dec. 3, 2015, the Audit Committee of the Board of Directors of
the Company approved the engagement of Marcum LLP as the Company's
independent registered public accounting firm for the fiscal year
ending Dec. 31, 2015, effective immediately.  Neither the Company
nor anyone acting on its behalf has consulted with Marcum during
the fiscal years ended Dec. 31, 2013 and 2014, and the subsequent
interim periods through Dec. 3, 2015.

                         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.


BIOLIFE SOLUTIONS: Girschweiler Holds 31.4% Stake as of Nov. 28
---------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Thomas Girschweiler disclosed that as of Nov. 28, 2015,
he beneficially owns 4,392,427 shares of common stock of
BioLife Solutions, Inc., representing 31.4 percent of the shares
outstanding.

On Nov. 28, 2015, Girschweiler exercised warrants to acquire 71,429
shares of the Issuer's common stock from the Issuer at an exercise
price of $0.98 per share.  Immediately thereafter, Villiger
transferred the 71,429 shares to Taurus4757 GmbH.

As of Dec. 3, 2015, Taurus4757 GmbH beneficially owns 3,159,817
shares of the Issuer, consisting of 1,615,623 shares of common
stock held directly by Taurus, and 1,544,194 shares of common stock
issuable upon exercise of warrants held directly by Taurus.  Those
shares represent a total of 22.9% of the Issuer's outstanding
shares of common stock.

A copy of the regulatory filing is available for free at:

                         http://is.gd/Q9Eze6

                       About BioLife Solutions

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

BioLife Solutions reported a net loss of $3.30 million on $6.19
million of total revenue for the year ended Dec. 31, 2014, compared
with a net loss of $1.08 million on $8.94 million of total revenue
during the prior year.

As of Sept. 30, 2015, the Company had $13.2 million in total
assets, $2.44 million in total liabilities and $10.78 million in
total shareholders' equity.


BION ENVIRONMENTAL: Submits Branding Application to USDA
--------------------------------------------------------
Bion Environmental Technologies, Inc., disclosed it has submitted
its branding application to the USDA Agricultural Marketing
Services' Process Verified Program to certify a number of
verifiable environmental and public health benefits associated with
the application of Bion's technology to livestock production
facilities.

Verification by the 'gold standard' USDA PVP will support a
first-of-its-kind environmentally-sustainable brand for meat, dairy
and poultry products.  The brand will represent meaningful
improvements in the environmental impacts of the facility where the
product was sourced.  This will allow animal protein producers that
utilize Bion's technology to differentiate themselves to consumers
who are becoming increasingly more sustainability- and
safety-conscious in their food choices.  Consumers will be able to
benefit the environment directly, often locally, by purchasing
products that are verified to have reduced environmental impacts.


Bion's PVP-backed brand will initially provide third-party
verification of greatly reduced environmental impacts in three
areas for which the livestock industry is under mounting scrutiny:
a) greenhouse gas emissions; b) excess nutrients that lead to
groundwater contamination, toxic algal blooms and dead zones; and
c) pathogen impacts related to antibiotic resistance.

The USDA's benchmark 'organic' label is focused on the presence (or
lack) of chemicals in products.  The environmental sustainability
metrics incorporated in Bion's branding application go further and
provide the consumer with assurance through USDA verification that
their food was produced in an environmentally-sustainable manner.
Eggs, milk or meat produced at a Bion-served facility will be able
to display the USDA PVP Shield.  Bar codes will allow consumers at
the point of sale to access a description and third-party
verification of the improvements achieved at this specific
facility.

Bion's branding initiative and the performance of its comprehensive
treatment technology is underscored by trends already underway in
the livestock industry.  Driven by growing consumer demand, large
food retailers such as Walmart and Costco, and restaurant chains
including Chipotle and McDonalds, are increasingly demanding
greater responsibility and improved sustainability in food
production practices from their suppliers.  

The Global Roundtable for Sustainable Beef was developed to advance
a sustainable global beef value chain that is "environmentally
sound, socially responsible and economically viable".  The
Roundtable represents members from across the supply chain,
including U.S., Canadian and Australian cattlemen's associations,
Cargill, JBS, Elanco, McDonalds and A&W.

Craig Scott, Bion's director of communications, stated, "We agree
with the livestock industry's belief that a choice of environmental
sustainability will be increasingly valued by the consumer,
especially when that sustainability is at the local and regional
level.  We also believe a sustainable brand that demonstrates the
meaningful and verified improvements to the environment that Bion
can deliver to the livestock industry will provide increased market
share and pricing power to those large-scale producers that
implement our technology."

                    About Bion Environmental

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

Bion Environmental reported a net loss of $5.6 million on $3,658 of
revenue for the year ended June 30, 2015, compared to a net loss of
$5.8 million on $5,931 of revenue for the year ended
June 30, 2014.

As of Sept. 30, 2015, the Company had $2.22 million in total
assets, $13.3 million in total liabilities and a total deficit of
$11.08 million.

GHP Horwath, P.C., in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company has not generated
significant revenue and has suffered recurring losses from
operations.  These factors raise substantial doubt about its
ability to continue as a going concern.


BMB MUNAI: Turlov Reports 80.1% Stake as of Nov. 23
---------------------------------------------------
Timur R. Turlov disclosed in a Schedule 13D filed with the
Securities and Exchange Commission that as of Nov. 23, 2015, the
beneficially owns 224,551,913 shares of common stock of BMB Munai,
Inc., representing 80.1 percent of the shares outstanding.

Mr. Turlov is the owner and chief executive officer of Investment
Company Freedom Finance LC, an operating registered broker dealer
in Russia, including its wholly owned subsidiary Freedom Finance
JSC, an operating registered broker dealer in Kazakhstan.  Mr.
Turlov is also the owner of FFINEU Investment Limited, a Cyprus
entity in the process of activating its licensure as a licensed
broker dealer in Cyprus.

Mr. Turlov and BMB Munai entered into a Share Exchange and
Acquisition Agreement, dated Nov. 23, 2015, pursuant to which Mr.
Turlov acquired 224,551,913 shares of common stock of the Company,
which represents approximately 80.1% of the issued and outstanding
common stock of the Issuer in exchange for all of the issued and
outstanding common stock of FFIN Securities, Inc., a Nevada
corporation incorporated for the purpose of pursuing licensure as a
registered broker dealer in the United States.  In connection with
the transaction, FFIN became a wholly owned subsidiary of the
Company.

A copy of the regulatory filing is available for free at:

                      http://is.gd/wvX225

                         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.


BROWNIE'S MARINE: Says Cash Flow Insufficient for Operations
------------------------------------------------------------
Brownie's Marine Group, Inc., posted a total stockholders' deficit
of ($201,139) for the quarter ended September 30, 2015, compared to
a total stockholders' deficit of ($452,697) for the three months
ended December 31, 2014.   

"Although profitable for the year ended December 31, 2014, and the
three and nine months ended September 30, 2015, we have otherwise
incurred losses since 2009.  We have predominantly had a working
capital deficit since 2009," according to Brownie's Marine
President and Chief Executive Officer Robert M. Carmichael in a
regulatory filing with the U.S. Securities and Exchange Commission
on November 2, 2015.

"Because the company does not expect that existing operational cash
flow will be sufficient to fund presently anticipated operations,
this raises substantial doubt about its ability to continue as a
going concern within one year from date the financial statements
are issued."

For the three months ended September 30, 2015, the company had net
income of $247,498 as compared to net income of $131,365 for the
three months ended September 30, 2014, an increase of $116,133, or
88.40%.  The $116,133 increase in net income is attributable to
$179,495 increase in gross profit, and partially offset by $48,693
increase in operating expenses, and $14,669 decrease in other
income, net.

As of Sept. 30, 2015, the company had cash and current assets
(primarily consisting of inventory) of $1,021,878 and current
liabilities of $1,319,019 or a current ratio of .77 to 1.  This
represents a working capital deficit of $297,141.  The company had
total assets of $1,125,548 and total liabilities of $1,326,687 at
September 30, 2015.  

Mr. Carmichael revealed that the company is behind on payments due
for matured convertible debentures, accrued liabilities and
interest – related parties, and certain vendor payables.  "The
company is handling delinquencies on a case by case basis.
However, there can be no assurance that cooperation the company has
received thus far will continue."

"Therefore, the company will need to raise additional funds and is
currently exploring alternative sources of financing.  The company
has issued a number of convertible debentures as an interim measure
to finance working capital needs and may continue to raise
additional capital through sale of restricted common stock or other
securities, and obtaining some short term loans.  The company has
paid for legal and consulting services with restricted stock to
maximize working capital, and intends to continue this practice
when possible.  In addition, the company implemented some cost
saving measures and will continue to explore more to reduce
operating expenses," Mr. Carmichael noted.

"If the company fails to raise additional funds when needed, or
does not have sufficient cash flows from sales, it may be required
to scale back or cease operations, liquidate assets and possibly
seek bankruptcy protection."

A full-text copy of the company's quarterly report is available at
http://tinyurl.com/p79f922

Brownie's Marine Group designs, tests, manufactures and distributes
recreational hookah diving, yacht based scuba air compressor and
Nitrox Generation Systems, and scuba and water safety products.
The Company is headquartered in Fort Lauderdale, Florida.



BT FOREST PARK: Sabra Texas Has $83.9-Mil. Unsecured Claim
----------------------------------------------------------
BT Forest Park Realty Partners, LP, disclosed in a document filed
with the Bankruptcy Court that Sabra Texas Holdings, LP holds the
largest amount of unsecured claim of $83,966,494.

                      About BT Forest Park

BT Forest Park Realty Partners, LP filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Tex. Case No. 15-34815) on Nov. 30, 2015.
Wade Barker signed the petition as member of GP BT Healthcare
Development Partners, LLC, its general partner.  The Debtor
estimated assets of $10 million to $50 million and liabilities of
$100 million to $500 million.  Franklin Hayward LLP serves as the
Debtor's counsel.  Judge Barbara J. Houser is assigned to the
case.

Proofs of claims are due by March 28,2016.


BT FOREST PARK: Section 341 Meeting Set for Dec. 29
---------------------------------------------------
A meeting of creditors in the bankruptcy case of BT Forest Park
Realty Partners, LP, will be held on Dec. 29, 2015, at 10:00 a.m.
at Dallas, Room 976.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

                    About BT Forest Park

BT Forest Park Realty Partners, LP filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Tex. Case No. 15-34815) on Nov. 30, 2015.
Wade Barker signed the petition as member of GP BT Healthcare
Development Partners, LLC, its general partner.  The Debtor
estimated assets of $10 million to $50 million and liabilities of
$100 million to $500 million.  Franklin Hayward LLP serves as the
Debtor's counsel.  Judge Barbara J. Houser is assigned to the
case.

Proofs of claims are due by March 28,2016.


CAFE SERENDIPITY: Charles Mathews Resigns as CFO
------------------------------------------------
Charles Mathews, chief financial officer, tendered his resignation
from Cafe Serendipity Holdings, Inc., effective Nov. 28, 2015.  The
Company said Mr. Mathews's departure is not related to any issues
regarding financial disclosures, accounting or legal matters.

                  About Cafe Serendipity Holdings

Based in Henderson, Nevada, Force Fuels Inc., now known as Cafe
Serendipity Holdings, Inc., owns and operates Cafe Serendipity
Inc., a builder of upscale branded turnkey retail stores, financial
solutions, technology and science to the recreational and medical
marijuana industry.  The company plans to market a unique branded
product line of accessories, apparel, coffee and teas, bakery and
other edibles, lotions, marijuana and oils through a coast to coast
franchise and dealer network to the recreational and the
approximately 6,000 existing legal medical marijuana dispensaries
in the USA.

Force Fuels' balance sheet at Oct. 31, 2011, showed $1.06 million
in total assets, $1.42 million in total liabilities, and a
stockholders' deficit of $358,092.

As reported in the TCR on Dec. 6, 2011, Sadler, Gibb & Associates,
LLC, in Salt Lake City, Utah, expressed substantial doubt about
Force Fuels' ability to continue as a going concern, following the
Company's results for the fiscal year ended July 31, 2011.  The
independent auditors noted that the Company had accumulated losses
of $3.8 million as of July 31, 2011.

The Company had notified the SEC regarding the late filing of its
quarterly report on Form 10-Q for the period ended Jan. 31, 2012,
citing limited accounting staff and incomplete financial
statements.  The Company has not filed any financial report since
the filing of its quarterly report for the period ended Oct. 31,
2011.


CALMARE THERAPEUTICS: Reports $779,000 Net Loss for Fiscal Q2
-------------------------------------------------------------
Calmare Therapeutics Incorporated filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $778,760 on $200,000 of product sales for the three
months ended June 30, 2015, compared to a net loss of $790,849 on
$316,000 of product sales for the same period a year ago.

For the six months ended June 30, 2015, the Company reported a net
loss of $1.78 million on $207,950 of product sales compared to a
net loss of $1.51 million on $537,080 of product sales for the same
period last year.

As of June 30, 2015, the Company had $4.31 million in total assets,
$13.20 million in total liabilities and a total shareholders'
deficit of $8.88 million.

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

                      http://is.gd/C5aH7N

                   About Calmare Therapeutics

Calmare Therapeutics Incorporated, formerly known as Competitive
Technologies, Inc., provides distribution, patent and technology
transfer, sales and licensing services focused on the needs of its
customers and matching those requirements with commercially viable
product or technology solutions.  Sales of the Company's
Calmare(R) pain therapy medical device continue to be the major
source of revenue for the Company.

Calmare reported a net loss of $3.4 million on $1 million of
product sales for the year ended Dec. 31, 2014, compared to a net
loss of $2.6 million on $653,000 of product sales for the year
ended Dec. 31, 2013.

Mayer Hoffman McCann CPAs, in New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has incurred operating
losses since fiscal year 2006 and has a working capital and
shareholders' deficiency at Dec. 31, 2014.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


CLAIRE'S STORES: Incurs $35.9 Million Net Loss in Third Quarter
---------------------------------------------------------------
Claire's Stores, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $35.9 million on $333 million of net sales for the three months
ended Oct. 31, 2015, compared to a net loss of $26.8 million on
$351 million of net sales for the three months ended Nov. 1, 2014.

For the nine months ended Oct. 31, 2015, the Company reported a net
loss of $90.2 million on $1 billion of net sales compared to a net
loss of $85.5 million on $1.08 billion of net sales for the nine
months ended Nov. 1, 2014.

As of Oct. 31, 2015, the Company had $2.47 billion in total assets,
$2.90 billion in total liabilities and a stockholders' deficit of
$427 million.

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

                        http://is.gd/pwMOI7

                       About Claire's Stores

Claire's Stores, Inc. -- http://www.clairestores.com/-- operates
as a specialty retailer of fashion accessories and jewelry for
preteens and teenagers, as well as for young adults in North
America and internationally.  It offers jewelry products that
comprise costume jewelry, earrings, and ear piercing services; and
accessories, including fashion accessories, hair ornaments,
handbags, and novelty items.

Based in Pembroke Pines, Florida, Claire's Stores operates under
two brands: Claire's(R), which operates worldwide and Icing(R),
which operates only in North America.  As of Jan. 31, 2009,
Claire's Stores, Inc., operated 2,969 stores in North America and
Europe.  Claire's Stores also operates through its subsidiary,
Claire's Nippon, Co., Ltd., 213 stores in Japan as a 50:50 joint
venture with AEON, Co., Ltd.  The Company also franchises 198
stores in the Middle East, Turkey, Russia, South Africa, Poland
and Guatemala.

Claire's reported a net loss of $212 million for the fiscal year
ended Jan. 31, 2015, compared to a net loss of $65.3 million for
the fiscal year ended Feb. 1, 2014.

                           *     *     *

As reported by the TCR on April 13, 2015, Moody's Investors
Service downgraded Claire's Corporate Family Rating (CFR) to
Caa2 from Caa1.  The downgrade of Claire's ratings reflect
continued weak operating performance and deterioration of its
liquidity profile.

The TCR reported in April 2015 that Standard & Poor's Ratings
Services lowered its corporate credit rating on Claire's Stores
Inc. to 'CCC' from 'B-'.  "The rating action reflects our belief
that Claire's could violate its financial covenant under its
revolving credit facility in the upcoming quarters, given
continuously weak operating trends," said credit analyst Mariola
Borysiak.


CLAIRE'S STORES: Reports Fiscal 2015 Third Quarter Results
----------------------------------------------------------
Claire's Stores, Inc., reported a net loss of $35.9 million on $333
million of net sales for the three months ended Oct. 31, 2015,
compared to a net loss of $26.9 million on $351 million of net
sales for the three months ended Nov. 1, 2014.

For the nine months ended Oct. 31, 2015, the Company reported a net
loss of $90.2 million on $1 billion of net sales compared to a net
loss of $85.5 million on $1.08 billion of net sales for the nine
months ended Nov. 1, 2014.

As of Oct. 31, 2015, the Company had $2.47 billion in total assets,
$2.90 billion in total liabilities and a $427 million in
stockholders' deficit.

As of Oct. 31, 2015, cash and cash equivalents were $23.9 million.


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

                       http://is.gd/ud9HBX
  
                      About Claire's Stores

Claire's Stores, Inc. -- http://www.clairestores.com/-- operates
as a specialty retailer of fashion accessories and jewelry for
preteens and teenagers, as well as for young adults in North
America and internationally.  It offers jewelry products that
comprise costume jewelry, earrings, and ear piercing services; and
accessories, including fashion accessories, hair ornaments,
handbags, and novelty items.

Based in Pembroke Pines, Florida, Claire's Stores operates under
two brands: Claire's(R), which operates worldwide and Icing(R),
which operates only in North America.  As of Jan. 31, 2009,
Claire's Stores, Inc., operated 2,969 stores in North America and
Europe.  Claire's Stores also operates through its subsidiary,
Claire's Nippon, Co., Ltd., 213 stores in Japan as a 50:50 joint
venture with AEON, Co., Ltd.  The Company also franchises 198
stores in the Middle East, Turkey, Russia, South Africa, Poland
and Guatemala.

Claire's reported a net loss of $212 million for the fiscal year
ended Jan. 31, 2015, compared to a net loss of $65.3 million for
the fiscal year ended Feb. 1, 2014.

                           *     *     *

As reported by the TCR on April 13, 2015, Moody's Investors
Service downgraded Claire's Corporate Family Rating (CFR) to
Caa2 from Caa1.  The downgrade of Claire's ratings reflect
continued weak operating performance and deterioration of its
liquidity profile.

The TCR reported in April 2015 that Standard & Poor's Ratings
Services lowered its corporate credit rating on Claire's Stores
Inc. to 'CCC' from 'B-'.  "The rating action reflects our belief
that Claire's could violate its financial covenant under its
revolving credit facility in the upcoming quarters, given
continuously weak operating trends," said credit analyst Mariola
Borysiak.


COLLINS & AIKMAN: Jim Dobbas Ordered to Pay $265K to DTSC
---------------------------------------------------------
Judge William B. Shubb of the United States District Court for the
Eastern District of California, Sacramento Division, ordered Jim
Dobbas, Inc., to pay to the State of California Department of Toxic
Substances Control and the Toxic Substances Control Account
$265,000 pursuant to a consent decree.

The DTSC filed a Complaint pursuant to the Comprehensive
Environmental Response, Compensation, and Liability Act against
several defendants, including Dobbas, and then subsequently filed a
First Amended Complaint on December 11, 2014, pursuant to CERCLA,
amending to add an additional defendant. In this action, DTSC seeks
the recovery of response costs incurred or to be incurred by DTSC
in responding to releases and/or threatened releases at the
property located at 147 A Street, Elmira, Solano County, CA
("Site"). DTSC also seeks declaratory relief alleging that
defendants are jointly and severally liable for future response
costs to be incurred by DTSC with respect to the Site. DTSC also
seeks injunctive relief, treble damages, and civil penalties
against certain defendants, including Dobbas, pursuant to a
supplemental state law claim under the Hazardous Substances Account
Act, California Health and Safety Code for those defendants'
failure to comply with an Imminent and Substantial Endangerment
Determination Order and Remedial Action Order that DTSC issued to
those defendants concerning the releases and threatened releases of
hazardous substances at the Site.

The case is CALIFORNIA DEPARTMENT OF TOXIC SUBSTANCES CONTROL and
the TOXIC SUBSTANCES CONTROL ACCOUNT, Plaintiffs, CONSENT DECREE
BETWEEN v. JIM DOBBAS, INC., a California corporation; CONTINENTAL
RAIL, INC., a Delaware corporation; DAVID VAN OVER, individually;
PACIFIC WOOD PRESERVING, a dissolved California corporation; WEST
COAST WOOD PRESERVING, LLC., a Nevada limited liability company;
and COLLINS & AIKMAN PRODUCTS, LLC, a Delaware limited liability
company, Defendants, AND RELATED COUNTERCLAIMS AND CROSS CLAIMS,
NO. 2:14-CV-00595-WBS-EFB.

A full-text copy of the Consent Decree dated November 18, 2015 is
available at http://is.gd/crz6Obfrom Leagle.com.

KAMALA D. HARRIS, Attorney General of California, SARAH E.
MORRISON, Supervising Deputy Attorney General, DENNIS L. BECK, Jr.
OLIVIA W. KARLIN, Deputy Attorney General, Los Angeles, CA,
Attorneys for Plaintiffs, California Department of Toxic Substances
Control and the Toxic Substances Control Account.

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in   
cockpit modules and automotive floor and acoustic systems and is
a leading supplier of instrument panels, automotive fabric,
plastic-based trim, and convertible top systems.  The Company
has a workforce of approximately 23,000 and a network of more
than 100 technical centers, sales offices and manufacturing
sites in 17 countries throughout the world.  The Company and its
debtor-affiliates filed for chapter 11 protection on May 17,
2005 (Bankr. E.D. Mich. Case No. 05-55927).  Richard M. Cieri,
Esq., at Kirkland & Ellis LLP, represents C&A in its
restructuring.  Lazard Freres & Co., LLC, provides the Debtor
with investment banking services.  Michael S. Stammer, Esq., at
Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors Committee.  When the
Debtors filed for protection from their creditors, they listed
$3,196,700,000 in total assets and US$2,856,600,000 in total
debts.


COMMUNICATION INTELLIGENCE: Completes $1 Million Loan Financing
---------------------------------------------------------------
Communication Intelligence Corporation disclosed it had closed a
new round of funding in a private placement.

"This additional injection of capital shows investors' ongoing
commitment to CIC and their optimistic view that the company will
be able to successfully execute its business plan," said Philip
Sassower, co-chairman and CEO for CIC.  "One of our broader
strategic objectives is to improve CIC's ability to raise capital
with which to grow our business.  This is especially important
given the strengthening of the electronic signature and digital
transaction management sector, and the progress being made by CIC
in a number of important initiatives, including our relationship
with Cegedim SA in Europe."

In the transaction, which closed on Nov. 25, 2015, CIC issued
unsecured convertible promissory notes in the aggregate principal
amount of $1 million.

                Transactions With Related Persons

SG Phoenix LLC assisted the Company in negotiating with Michael
Engmann the term sheet for the transaction, the terms of which were
approved by a Special Committee of the Board of Directors comprised
of disinterested directors, as well as the entire Board of
Directors.  SG Phoenix LLC is the management company of Phoenix
Venture Fund LLC, the Company's largest stockholder, which has
participated in several of the Company's previous financing
transactions.  Philip Sassower and Andrea Goren are the co-managers
of SG Phoenix LLC, and are also the Company's chief executive
officer and chief financial officer, respectively.  Messrs.
Sassower and Engmann are co-chairmen of the Board of Directors, and
Mr. Goren is also a member of the Company's Board of Directors and
the Company's corporate secretary.

                 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.

As of March 31, 2015, the Company had $2.53 million in total
assets, $2.17 million in total liabilities and $356,000 in total
equity.

"The Company has incurred significant cumulative losses since its
inception and, at June 30, 2015, the Company's accumulated deficit
was $125,231.  The Company has primarily met its working capital
needs through the sale of debt and equity securities.  As of
June 30, 2015, the Company's cash balance was $409,000.  The
Company said these factors raise substantial doubt about its
ability to continue as a going concern," according to the Company's
quarterly report for the period ended June 30, 2015.


CROWN MEDIA: Directors Griffith and Doyal to Retire
---------------------------------------------------
Timothy Griffith and Steve Doyal announced their intent to retire
from the Board of Directors of Crown Media Holdings, Inc.,
effective Dec. 31, 2015, concurrent with their retirements from
Hallmark Cards, Incorporated.

On Dec. 2, 2015, upon the recommendation of its Nominating
Committee, the Board of Directors of the Company appointed James
Shay and Molly Biwer to join the Board, effective Jan. 1, 2016.
Mr. Shay will also serve as a member of the Board's Finance
Committee at such time.

Mr. Shay is currently executive vice president - finance at
Hallmark, and will become executive vice president- chief financial
officer of Hallmark effective Jan. 1, 2016.  In this role, Mr. Shay
will be responsible for providing strategic financial leadership,
and directing and overseeing all financial activities for Hallmark.
He will also work closely with Hallmark's chief executive officer
and president in analyzing and implementing major new business
initiatives.  Mr. Shay joined Hallmark in 2015 after serving as
chief financial officer of Great Plains Energy and Kansas City
Power & Light since 2010.  Prior to joining KCP&L, Mr. Shay served
as chief financial officer for Northern Power Systems.  He has also
served as chief financial officer of General Electric's
Environmental Services in Kansas City and as Chief Financial
Officer of BHA Group Holding.  Early in his career, he gained
public accounting experience as an audit manager with KPMG Peat
Marwick, and merger and acquisition experience as a managing
director of Frontier Investment Banc Corp.  Mr. Shay holds a
bachelor's degree in accounting from the University of Kansas and
is a certified public accountant.

Ms. Biwer is senior vice president of Public Affairs and
Communications of Hallmark.  In this role, Ms. Biwer leads
Hallmark's communications, public relations, government affairs,
and community involvement programs.  She is responsible for the
Hallmark Visitors Center, Kaleidoscope -- a children's creative art
experience at Crown Center -- and the philanthropic activities of
the Hallmark Corporate Foundation.  She also serves as a director
of the Hallmark Corporate Foundation.  Ms. Biwer joined Hallmark in
2015 from Carlson Companies, Inc., a Minneapolis-based leader in
the hospitality and travel industries.  During her 27-year career
at Carlson, she held a variety of positions in purchasing,
distribution, sales, project management, customer strategy, guest
experience, and loyalty programs.  She holds a bachelor degree in
marketing from the University of Minnesota.

                        About Crown Media

Crown Media Holdings, Inc., is the corporate parent for the
portfolio of cable networks and related businesses under Crown
Media Family Networks.  The company currently operates and
distributes Hallmark Channel in both high definition (HD) and
standard definition (SD) to 86 million subscribers in the U.S.
Hallmark Channel is the nation's leading destination for quality
family programming with an ambitious slate of TV movies and
specials; original scripted series, including Cedar Cove, When
Calls the Heart, and Signed, Sealed, Delivered; as well as some of
television's most beloved sitcoms and series.  Hallmark Channel's
sibling network, Hallmark Movie Channel, is available in 54
million homes in HD and SD. One of America's fastest-growing cable
networks, Hallmark Movie Channel provides family-friendly original
movies with a mix of original films, classic theatrical releases,
and presentations from the acclaimed Hallmark Hall of Fame
library.  In addition, Crown Media Family Networks includes the
online offerings of http://www.HallmarkChannel.com/and
http://www.HallmarkMovieChannel.com/   

As of Sept. 30, 2015, the Company had $1.03 billion in total
assets, $500 million in total liabilities and $539 million in total
stockholders' equity.

                           *     *     *

As reported by the TCR on July 3, 2015, Standard & Poor's Ratings
Services said that it raised its corporate credit rating on Crown
Media Holdings Inc. to 'BB-' from 'B+'.  "The upgrade reflects
Crown Media's improved financial risk profile," said Standard &
Poor's credit analyst Naveen Sarma.

As reported by the TCR on July 2, 2014, Moody's Investors Service
upgraded the Corporate Family Rating (CFR) of Crown Media
Holdings, Inc. to B1 from B2, its Probability of Default Rating to
B1-PD from B2-PD, and instrument ratings as detailed below.  The
outlook is stable.  The upgrade incorporates evidence of traction
with the original programming strategy and better than expected
performance, which, combined with debt reduction, improved the
credit profile.


CRYOPORT INC: Effects Amendment to Bylaws
-----------------------------------------
Cryoport, Inc., previously disclosed that its 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.
On Nov. 23, 2015, the Company filed a Certificate of Amendment
with the Secretary of State of the State of Nevada effecting such
amendment.

                         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,
the auditors said.


CTI BIOPHARMA: Amends Rights Agreement with Computershare Trust
---------------------------------------------------------------
The Board of Directors of CTI BioPharma Corp. approved an amendment
to the Company's Shareholder Rights Agreement dated as of Dec. 28,
2009, between the Company and Computershare Trust Company, N.A., as
Rights Agent, as amended by that certain First Amendment to
Shareholder Rights Agreement dated as of Aug. 31, 2012, and as
further amended by that certain Second Amendment to Shareholder
Rights Agreement dated as of Dec. 6, 2012.

The Amendment amends the definition of "Final Expiration Date"
under the Rights Plan from the close of business on Dec. 3, 2015,
to the close of business on Dec. 2, 2018.  The Rights were
initially distributed as a dividend on each share of the Company's
common stock, no par value per share, outstanding on Jan. 7, 2010,
the record date pursuant to the Rights Plan, and currently trade
with each outstanding share of Common Stock.

                      About CTI BioPharma

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

CTI Biopharma reported a net loss attributable to common
shareholders of $96 million in 2014, compared with a net loss
attributable to common shareholders of $49.6 million in 2013.

As of Sept. 30, 2015, the Company had $63.13 million in total
assets, $90.64 million in total liabilities and a $27.51 million
total shareholders' deficit.


CTI BIOPHARMA: Board Approves Bylaws Amendment
----------------------------------------------
The Board of Directors of CTI BioPharma Corp. approved the adoption
of the Company's Amended and Restated Bylaws to become effective on
Dec. 1, 2015.  The amendments effected within the Amended and
Restated Bylaws:

  * Provide that the Board may determine to hold shareholder
    meetings solely by means of remote communication, subject to
    applicable law.

  * Provide that, with regard to any adjourned meeting of
    shareholders:

       - notice need not be given of any such adjourned meeting if

         the date, time and place thereof are announced at the
         meeting at which the adjournment is taken;

       - the Company may transact any business that might have
         been transacted at the original meeting; and

       - if the adjournment is for more than 120 days from the
         date set for the original meeting, notice of the
         adjourned meeting must be given to each shareholder
         entitled to vote at the adjourned meeting and a new
         record date for determination of shareholders entitled to

         vote at such adjourned meeting must be fixed.

  * Provide that the deadline for a shareholder to submit written
    notice of such shareholder's intent to nominate one or more
    persons for election as directors to the Board is (i) in the
    case of an annual meeting, not less than 90 nor more than 120
    days prior to the anniversary of the preceding year's annual
    meeting, subject to certain exceptions, or (ii) in the case of
    a special meeting, the close of business on the 10th day
    following the public announcement of such special meeting is
    first made.

  * Provide that the deadline for a shareholder to submit written
    notice of such shareholder's intent to make any proposal at a
    meeting of shareholders is (i) in the case of an annual
    meeting, not less than 90 nor more than 120 days prior to the
    anniversary of the preceding year's annual meeting, subject to
    certain exceptions, or (ii) in the case of a special meeting,
    not less than 90 nor more than 120 days prior to the date of
    such special meeting, subject to certain exceptions.

  * Provide that the size of the Board shall be not less than five
    nor more than twelve directors.

  * Provide that the Chairperson of the Board of Directors shall,
    among other things, preside at all meetings of the Board of
    Directors at which he or she is present.

In addition to the foregoing, certain other administrative,
conforming and clarifying changes are reflected in the Amended and
Restated Bylaws.

                      About CTI BioPharma

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

CTI Biopharma reported a net loss attributable to common
shareholders of $96 million in 2014, compared with a net loss
attributable to common shareholders of $49.6 million in 2013.

As of Sept. 30, 2015, the Company had $63.13 million in total
assets, $90.64 million in total liabilities and a $27.51 million
total shareholders' deficit.


CTI BIOPHARMA: Offering $50 Million Preferred Shares
----------------------------------------------------
CTI BioPharma Corp. filed with the Securities and Exchange
Commission a free writing prospectus relating to the offering of
55,000 shares of Series N-2 Preferred Stock (convertible into
approximately 50.0 million shares of common stock at the initial
conversion price) at a public offering price of $1,000 per share.

The Company expects to close the offering on or about Dec. 9,
2015.

No shares of Series N-2 Preferred Stock shall be convertible by a
holder to the extent such conversion would result in the holder and
its affiliates beneficially owning more than 19.99% of the
Company's common stock then outstanding,

Piper Jaffray & Co. is acting as sole book-running manager for the
offering.  Ladenburg Thalmann & Co. Inc. is acting as lead manager
and Roth Capital Partners, LLC is acting as co-manager for this
offering.

A copy of the FWP is available for free at:

                       http://is.gd/rKFjND

                       About CTI BioPharma

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

CTI Biopharma reported a net loss attributable to common
shareholders of $96 million in 2014, compared with a net loss
attributable to common shareholders of $49.6 million in 2013.

As of Sept. 30, 2015, the Company had $63.13 million in total
assets, $90.64 million in total liabilities and a $27.51 million
total shareholders' deficit.


CYANCO INTERMEDIATE: Moody's Affirms B2 Corporate Family Rating
---------------------------------------------------------------
Moody's Investors Service affirmed Cyanco Intermediate Corp.'s B2
corporate family rating (CFR) and its outlook was changed to stable
from negative given improved operating performance and debt
reduction, resulting in corresponding improvements in credit
metrics. Lower raw material pricing and efficiency enhancements
have combined with some product price gains to increase margins and
free cash flow generation. Cash generated from earnings has been
directed for debt repayments in the first and third quarters of
2015; debt repayments are anticipated to continue to reduce
leverage into 2016.

"Cyanco's position as an on-purpose sodium cyanide supplier to
large miners will support its profitability even if gold output
declines in 2016. Recent earnings improvements will continue to
drive free cash flows and support further debt repayments, which
will benefit credit metrics and strengthen support for the rating,"
said Lori Harris, Moody's Analyst.

Ratings Affirmed:

Corporate Family Rating, B2

Probability of Default Rating, B2-PD

$410 million Sr Sec Term Loan B due 2020 -- B2 (LGD4)

$15 million Sr Sec Revolving Credit Facility due 2018 -- B2 (LGD4)


The outlook is stable

RATINGS RATIONALE

The stabilization of the ratings outlook reflects Cyanco's improved
profitability, successful operating history at the Houston plant,
and sodium cyanide's price resilience, even in a weaker gold
market. The outlook also reflects management's recent debt
repayments and intention to de-lever further, using increased free
cash flow now that earnings have improved.

Cyanco's B2 Corporate Family Rating reflects its elevated leverage
(Debt / EBITDA of 4.9x) and modest size as measured by revenues,
under $300 million. The rating is disadvantaged by Cyanco's single
commodity product focus, concentrated customer base, limited number
of market applications, the toxic nature of the product (contact
with acid or water generates hydrogen cyanide), and competition
with larger and better capitalized competitors. While the company
has two plant sites in different regions of the US, one produces
liquid on-purpose sodium cyanide (NaCN) while the other produces
solid NaCN and is co-located with an acrylonitrile (AN) facility,
which produces a key raw material, hydrogen cyanide (HCN), as a
byproduct. An extended outage in either Cyanco facility would have
a significant impact on the company's earnings, thus presenting
significant event risk and limiting the rating.

(The metric above includes Moody's standard analytical
adjustments.)

Cyanco benefits from NaCN's position as the key enabler of mining
gold from ore that has low substitution risk. Moreover, NaCN
represents a very small part of customers' cash production costs,
estimated from 4%-6%. Sodium cyanide demand has been underpinned by
increased gold mine production and the processing of lower grade
ores, which requires greater quantities of NaCN to process. While
competing integrated AN/NaCN producers benefit from the byproduct
production of the raw material HCN, recent market dynamics have
reduced demand for AN production, which has resulted in contractual
volume shortfalls of NaCN at some integrated producers. These
conditions have resulted in a relatively tight sodium cyanide
market, higher margins, and favorable market positioning for
on-purpose producers. Despite the expected decline in global gold
production in 2016, Moody's expects Cyanco's profitability to
remain elevated; EBITDA margins over 20% for LTM September 2015 are
high for a commodity chemical company, enabling the firm to produce
strong retained cash flows to support its elevated interest
payments and reduce debt.

Improving its global position, Cyanco has made additions to its
volumes, adding roughly 78 thousand tons (estimated to be 7% of
global capacity) since 2012. Cyanco's liquid NaCN facility in
Nevada was expanded to meet increasing volume demands in 2012. The
company's second plant, a solid NaCN plant located in Houston, was
started up at the end of 2012 and has achieved production rates
close to nameplate capacity in 2014 and 2015. Incremental business
from its Houston plant has targeted the international markets,
which use the solid NaCN (reduces transport costs). Additional
enhancements are being made to the Houston facility in order to
improve efficiencies. The company is seeking to further improve
efficiencies and reduce costs by such actions as in-sourcing its
Mexico business, which will remove costs and reliance on third
parties to manage its customer relationships in the region.

The company has significant market share in the U.S. and Canada,
the ability to contractually pass through raw material cost
fluctuations, and a limited number of competitors - although some
competitors have larger parent capital structure support (e.g.
Chemours and Cyplus). Cyanco's customers generally buy through
long-term contracts, and there is only a small spot market, thus
there is little external visibility on sodium cyanide market
pricing and other conditions. (The contracts are generally not
"take or pay" contracts such that revenues will fluctuate based on
customers' actual rate of production.)

Cyanco's elevated leverage is the result of levered dividends paid
to its private equity sponsor, Oaktree, in the second and fourth
quarters of 2013. These combined dividend payments, in excess of
$325 million, raised leverage above 6x. The previous propensity to
engage in a leveraged dividend by Oaktree reflects elevated
financial policy risk and limits the rating. The strong free cash
flow generated by this business makes another levered dividend
possible in the event that Oaktree maintains its ownership of the
company over the next several years.

There is limited upside to the rating at this time due to the
Cyanco's elevated leverage, narrow business profile, and the
sponsor's demonstrated financial policies. Moody's would only
contemplate a positive ratings action once Free Cash Flow/Debt
rises above 10% and Leverage declines below 3.75x on a sustainable
basis. Conversely, if Cyanco's leverage increases above 6.0x or
there is further debt-financed shareholder remuneration, Moody's
would consider a downgrade. A disruption to operations, economic
downturn, or other impact to market dynamics could also result in a
downgrade.

Cyanco Intermediate Corporation (Cyanco), headquartered in
Pearland, Texas, is a producer of a single product, sodium cyanide
(NaCN), sold to the gold mining industry to extract gold from ore.
The company has two manufacturing sites, a liquid NaCN facility in
Winnemucca, Nevada that services customers in the US, Canada, and
Mexico; and a solid NaCN plant in Houston Texas that services US
and export markets. Cyanco is majority-owned by funds managed by
Oaktree Capital Management, and had revenues of $287 million for
the LTM ending September 30, 2015.



CYPRESS SEMICONDUCTOR: Moody's Affirms B1 Corporate Family Rating
-----------------------------------------------------------------
Moody's Investors Service affirmed its Corporate Family Rating
("CFR") and Probability of Default Rating ("PDR") on Cypress
Semiconductor Corp. ("Cypress") at B1 and B1-PD, respectively.
Concurrently, Moody's affirmed its rating on the company's existing
first lien revolving credit facility, which is being upsized to
$550 million, at Ba3 and assigned a Ba3 rating to the company's
proposed $100 million term loan A. Moody's also maintained its
Speculative Grade Liquidity ("SGL") rating of SGL-3. The proceeds
of the new debt financing will be used to fund a portion of the
company's stock repurchase program. Moody's is withdrawing its
rating on the company's previously proposed $400 million term loan
B which has since been canceled. The ratings outlook has been
revised to positive from stable, based principally on a less
levered capital structure than Cypress had considered under the
previous financing arrangement.

Moody's affirmed the following ratings:

Corporate Family Rating- B1

Probability of Default Rating- B1-PD

Senior Secured Revolving Credit Facility expiring 2020 -- Ba3
(LGD3)

Speculative Grade Liquidity Rating -- SGL-3

Moody's assigned the following ratings:

Senior Secured Term Loan A maturing 2020 -- Ba3 (LGD3)

Outlook revised to Positive from Stable

RATINGS RATIONALE

The B1 CFR reflects the risks associated with Cypress' leveraged
capital structure as well as its exposure to the cyclical nature of
the semiconductor industry which has been susceptible to economic
downturns. Moody's expects debt leverage, on a pro forma basis, to
approximate 2.7x (Moody's adjusted) by the end of 2015 and decline
towards the low 2x level by the end of the following year driven
principally by debt amortization and projected EBITDA expansion.
The rating also factors in a degree of integration risk related to
Cypress' acquisition of Spansion Inc. ("Spansion") which was
completed in early 2015 and more than doubled the company's revenue
base. Additionally, the potential for Cypress to pursue incremental
acquisitions, stock repurchases, and shareholder distributions
could constrain deleveraging efforts. However, the uncertainties
associated with the company's credit profile are partially offset
by a sizable equity cushion as well as Cypress' strong market
position as a provider of NOR flash memory semiconductors, SRAMs,
and microcontrollers to an array of end market customers. Moreover,
while integration challenges related to Spansion remain, the
company has made meaningful progress in realizing expected cost
synergies from the merger with additional savings to drive margin
expansion in the coming year.

Moody's expects Cypress to increase free cash flow after dividends
to over 10% of total debt in the coming year with similar
production in 2017. The company's capital-light manufacturing model
and efforts to consolidate its production facilities footprint
should support this improved cash generation. These free cash flow
prospects, coupled with approximately $195 million in cash
currently on the company's balance sheet and $100 million in
additional undrawn revolver capacity (pro forma), support Cypress'
adequate liquidity position and SGL-3 rating. The credit facility
is subject to financial maintenance covenants with a minimum fixed
charge coverage of 1x and total leverage of 3.5x that will step
down to 3x in early 2017.

The positive ratings outlook principally reflects a less levered
capital structure than Cypress had originally proposed in November
2015 and Moody's expectation of a somewhat more gradual approach to
incremental debt incurrence relating to the company's current stock
repurchase program. Moody's expects Cypress to experience a modest
decline in pro forma annual revenue in 2016. However, the
realization of incremental cost synergies related to the Spansion
merger and anticipated improvements in capacity utilization
coinciding with a depletion of excess inventories acquired with
Spansion should facilitate meaningful adjusted EBITDA improvement
during this period.

What Could Change the Rating - Up

The ratings could be upgraded if Cypress effectively expands EBITDA
such that adjusted leverage and FCF/debt are expected to be
sustained under 3x and above 15%, respectively, while the company
adheres to disciplined financial policies.

What Could Change the Rating - Down

The ratings could be lowered if revenue contracts materially from
current levels or Cypress adopts more aggressive financial policies
that increase debt leverage above 4.5x.



DARA BIOSCIENCES: Cites Going Concern Doubt, Continued Losses
-------------------------------------------------------------
DARA Biosciences, Inc., posted a net loss of $2,697,781 for the
three months ended Sept. 30, 2015, compared to a net loss of
$2,190,702 during the same period in 2014.  

"The continued losses and lack of capital raise substantial doubt
about the company's ability to continue independently as a going
concern," DARA Christopher G. Clement and Chief Financial Officer
David L. Tousley related in a regulatory filing with the U.S.
Securities and Exchange Commission on November 2, 2015.

At Sept. 30, 2015, the company's principal sources of liquidity
were its cash and cash equivalents which totaled $4,658,815.  As of
Sept. 30, 2015, the company had net working capital of $2,784,764.


The company's balance sheets showed total assets of $9,682,926,
total liabilities of $3,512,692, and  stockholders' equity of
$6,170,234.

"Based on the company's current operating plan, the company
believes that its existing cash, cash equivalents and marketable
securities provide for sufficient resources to fund its currently
planned operations into the first quarter of 2016.  If the company
incurs unanticipated expenses, its capital resources may be
expended more rapidly than is currently expected," Messrs. Clement
and Tousley stated.  

Should the Merger with Midatech Pharma PLC not occur, management
will review alternatives to source adequate financing to continue
its business.  If adequate financing is not available on acceptable
terms, if at all, the company may be forced to seek bankruptcy
protection, the officers told the SEC.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/gpu5k8t

DARA Biosciences is a Raleigh, North Carolina-based specialty
pharmaceutical company primarily focused on the commercialization
of oncology supportive care and oncology treatment.  DARA holds
exclusive U.S. marketing rights to Gelclair(R) oral rinse gel,
Oravig(R) (minconazole) buccal tablets and Soltamox(R) (tamoxifen
citrate oral liquid solution).



DIAMOND PUBLISHING: Hearing on Case Dismissal Set for Dec. 17
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida will
hold on Dec. 17, 2015, a hearing to consider the supporting motion
that Joel S. Treuhaft, Esq., filed on behalf of Creditor Allen
Creek Property Owners Association, Inc., to dismiss Diamond
Publishing Group, LLC's Chapter 11 case, or in the alternative,
have the case converted to one under Chapter 7.

Pam Huff at Tampa Bay Business Journal relates that the Company is
included in American City Business Leads' list of the biggest Tampa
Bay bankruptcy filings this year.  

American City's list also includes: Grainger Farms, Inc., Sebring
Management FL LLC, Viper Ventures LLC, Kraz LLC, Meadows Family
Care Centers LLC, Justin Davis Enterprises, Inc., Liquidation Trust
0814, and The Health Support Network Inc.  

Headquartered in Madeira Beach, Florida, Diamond Publishing Group,
LLC, filed for Chapter 11 bankruptcy protection (Bankr. M.D. Fla.
Case No. 15-04895) on May 12, 2015, estimating its assets and
liabilities at between $1 million and $10 million each.  The
petition was signed by Keith Schwabinger, managing member.

Paul DeCailly, Esq., at Decailly Law Group, P.A., serves as the
Company's bankruptcy counsel.


DOVER DOWNS GAMING: Credit Facility Casts Going Concern Doubt
-------------------------------------------------------------
Dover Downs Gaming & Entertainment, Inc., disclosed that there is
substantial doubt about its ability to continue as a going concern,
according to a Nov. 5, 2015 regulatory filing with the U.S.
Securities and Exchange Commission.

"As of September 30, 2015, we had total outstanding long-term debt
of $33,660,000 under our credit facility.  The facility is
classified as a current liability as of September 30, 2015 in our
consolidated balance sheets as the facility expires on September
30, 2016.   We will seek to refinance or extend the maturity of
this obligation prior to its expiration date; however, there is no
assurance that we will be able to execute this refinancing or
extension or, if we are able to refinance or extend this
obligation, that the terms of such refinancing or extension would
be as favorable as the terms of our existing credit facility," the
company's President, Chief Executive Officer Denis McGlynn and
Senior Vice President - Finance, Treasurer and Chief Financial
Officer Timothy R. Horne said.   

"These factors raise substantial doubt about our ability to
continue as a going concern."  

Messrs. McGlynn and Horne noted, "This indebtedness and any future
increases in our outstanding borrowings or decreases in our results
of operations could:

* make it more difficult for us to satisfy our debt obligations;

* increase our vulnerability to general adverse economic and
   industry conditions or a downturn in our business;

* increase our costs or create difficulties in refinancing or
   replacing our outstanding obligations;

* require us to dedicate a substantial portion of our cash flow
   from operations to payments on our indebtedness, thereby
   reducing the availability of our cash flow to fund working
   capital, capital expenditures, dividends and other general
   corporate purposes;

* limit our flexibility in planning for, or reacting to, changes
   in our business and the industry in which we operate;

* subject us to the risks that interest rates and our interest
   expense will increase; and

* place us at a competitive disadvantage compared to competitors
   that have less relative debt.

"In addition, our credit facility contains financial ratios that we
are required to meet and other restrictive covenants that, among
other things, limit or restrict our ability to borrow additional
funds, make acquisitions, create liens on our properties and make
investments.  Our ability to meet these financial ratios and
covenants can be affected by events beyond our control, and there
can be no assurance that we will meet them.  If there were an event
of default under our credit facility, the lenders could elect to
declare all amounts outstanding to be immediately due and payable.

"In recent years, additional gaming venues are having a significant
adverse effect on our visitation numbers, our revenues and our
profitability.

"While we believe that our net cash flows from operating activities
and funds available from our credit facility will be sufficient to
provide for our working capital needs and capital spending
requirements for the foreseeable future, we will need to refinance
or extend the maturity of our outstanding credit facility prior to
its expiration on September 30, 2016," Messrs. McGlynn and Horne
emphasized.

The company posted net earnings of $826,000 for the three months
ended September 30, 2015, compared to net earnings of $699,000 for
the quarter ended September 30, 2014.  As of September 30, 2015,
the company had total assets of $175,789,000, total liabilities of
$62,056,000, and total stockholders' equity of $113,733,000.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/jsoge6q

Dover Downs Gaming & Entertainment, Inc. is a gaming and
entertainment resort destination whose operations consist of: Dover
Downs Casino, a 165,000-square foot casino complex, Dover Downs
Hotel and Conference Center, a 500-room AAA Four Diamond Hotel, and
Dover Downs Raceway, a harness racing track with pari-mutuel
wagering on live and simulcast horse races.  All of the company's
gaming operations are located at its entertainment complex in
Dover, Delaware.



EASTMOND & SONS: Court Orders Joint Administration of Cases
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
entered an order directing the joint administration of the Chapter
11 cases of A.L. Eastmond & Sons, Inc., Easco Boiler Corp. and
Eastmond & Sons Boiler Repair & Welding Service, Inc. under Lead
Case No. 15-13214.

The Court authorized the Debtors to utilize a combined service list
for the jointly-administered cases and to send combined notices to
creditors of their estates and other parties-in- interest.

The Debtors are authorized to file monthly operating reports
required by the United States Trustee Operating Guidelines and
Financial Reporting Requirements for the  Southern District of New
York on a consolidated basis with a summary schedule listing income
and disbursements by the Debtors in order to calculate fees owed to
the United States
Trustee on a Debtor by Debtor basis.

                     About Eastmond & Sons

A.L. Eastmond & Sons, Inc., Easco Boiler Corp. and Eastmond & Sons
Boiler Repair & Welding Service, Inc. filed Chapter 11 bankruptcy
petitions (Bankr. S.D.N.Y. Lead Case No. 15-13214) on Dec. 1, 2015.
The petitions were signed by Arlington Leon Eastmond, Jr., as
president.  The Debtors have engaged Klestadt Winters Jureller
Southard & Stevens, LLP as counsel.  The Debtors listed total
assets of $34.59 million and total liabilities of $40.79 million.
Judge Sean H. Lane has been assigned the case.

The Debtors have provided products and services in over 15,000
locations throughout the tristate area and beyond, including Yankee
Stadium, the Trump Towers, Kings County Supreme Court, New York
Botanical Garden/Bronx Zoo, Queens County Civil Court, North Shore
University, Detroit School District, the Garfield Park Field House
in Chicago, Illinois, and the National Geographic Building in
Washington, D.C., to name a few.


EASTMOND & SONS: Gets Interim OK to Use Cash Collateral
-------------------------------------------------------
Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York authorized A. L. Eastmond & Sons, Inc., et
al., to use cash collateral until Dec. 16, 2016.

The Judge found that the Debtors do not have sufficient available
sources of working capital and financing to operate their business
in the ordinary course or maintain their respective property
without the use of the Cash Collateral.  The Judge said the
Debtors' ability to maintain business relationships with their
vendors, suppliers and customers, to pay their employees and
otherwise finance their operations, is essential to the Debtors'
continued viability and to maintain the value of their assets.

"In the absence of the use of Cash Collateral, the continued
operation of the Debtors' business would be in doubt, and serious
and irreparable harm to the Debtors and their estates would occur.
The Debtors do not have sufficient available sources of working
capital and financing to operate their business or to maintain
their properties in the ordinary course of business without the
authorized use of Cash Collateral," Judge Lane said in 12-page
Interim Order.

CCHP, LLC, as assignee of Sovereign Bank and Stabilis Fund II, LLC,
will be granted valid and perfected replacement security interests
in and liens on, all of the Debtors' right, title and interest in
and to all assets and properties of the Debtors, whether existing
as of the Petition Date or acquired thereafter, including new
receivables, inventory, and proceeds of the Estate Collateral
Properties, but excluding causes of action under Chapter 5 of the
Bankruptcy Code and the proceeds thereof, to the same extent and
with the same priority and validity that they had as of the
Petition Date.

As additional adequate protection, the Secured Lender will also
receive monthly payments at the Wall Street Journal prime rate, but
in no event less than a rate of 3.25%, on account of the CCHP Liens
in accordance with the Budget.

As adequate protection to the extent of any diminution in the value
of the collateral of the Easco Secured Creditors or the Eastmond &
Sons Secured Creditors resulting from (i) the use of such
creditors' respective Cash Collateral pursuant to Bankruptcy Code
Section 363(e), (ii) the use, sale or lease of such creditors'
respective collateral pursuant to Bankruptcy Code Section 363(c)
and (iii) the imposition of the automatic stay
pursuant to Bankruptcy Code Section 362(a), the Easco Secured
Creditors and the Eastmond & Sons Secured Creditors will be granted
valid and perfected replacement security interests in and liens on,
all of the applicable Debtor's right, title and interest in and to
all assets and properties of such Debtor, whether existing as of
the Petition Date or acquired thereafter, including new
receivables, inventory, and proceeds of the Easco Secured
Creditors' and Eastmond & Sons Secured Creditors' respective
collateral, but excluding causes of action under Chapter 5 of the
Bankruptcy Code and the proceeds thereof, to the same extent and
with the same priority and validity that such liens and security
interests had as of the Petition Date.

A final hearing to consider entry of the final order and final
approval of the use of Cash Collateral is scheduled for Dec. 16,
2015, at 2:00 p.m. Eastern Time before the Honorable Sean H. Lane
at the United States Bankruptcy Court for the Southern District of
New York located at One Bowling Green, New York, New York 10004.

                      About Eastmond & Sons

A.L. Eastmond & Sons, Inc., Easco Boiler Corp. and Eastmond & Sons
Boiler Repair & Welding Service, Inc. filed Chapter 11 bankruptcy
petitions (Bankr. S.D.N.Y. Lead Case No. 15-13214) on Dec. 1, 2015.
The petitions were signed by Arlington Leon Eastmond, Jr., as
president.  The Debtors have engaged Klestadt Winters Jureller
Southard & Stevens, LLP as counsel.  The Debtors listed total
assets of $34.59 million and total liabilities of $40.79 million.
Judge Sean H. Lane has been assigned the case.

The Debtors have provided products and services in over 15,000
locations throughout the tristate area and beyond, including Yankee
Stadium, the Trump Towers, Kings County Supreme Court, New York
Botanical Garden/Bronx Zoo, Queens County Civil Court, North Shore
University, Detroit School District, the Garfield Park Field House
in Chicago, Illinois, and the National Geographic Building in
Washington, D.C., to name a few.


EDENOR SA: Obtains $283 Million From CAMMESA
--------------------------------------------
Edenor SA disclosed it has received from the Wholesale Electric
Market Management Company ("CAMMESA") and following instructions
from the Department of Energy, acting within the frame of
Resolution SE 32/2015, a wire transfer for the amount of
$282,964,521 corresponding to the retro-time adjustment of income
generated by said resolution for the period May-October of this
year, resulting from the partial application of the adjustments of
the Cost Monitoring Mechanism (CMM) whose index, for the first
semester, has been established in 7.2% by the ENRE (National
Regulatory Entity for Electricity).

Although the Company is analyzing the scope of the decision, the
above mentioned does not imply a tariff increase to the users of
the service.

                       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.


ELBIT IMAGING: Elbit Plaza to Sell Special Purpose Vehicle
----------------------------------------------------------
Elbit Imaging Ltd. announced that, Elbit Plaza India Real Estate
Holdings Limited, a jointly controlled subsidiary held by the
Company and its subsidiary (45%), Plaza Centers N.V., has signed an
agreement to sell 100% of its interest in a special purpose vehicle
which holds a site in Bangalore, India to a local Investor.  The
total consideration for the sale upon completion of the transaction
is INR 321 Crores (approximately EUR45.4 million) which will be
paid at transaction closing.  The Company's direct share in the
proceed is 50% (approximately EUR22.7 million).

The transaction is subject to certain conditions precedent, and
closing will take place once these conditions are met and no later
than Sept. 30, 2016.  The Investor has provided certain security in
order to guarantee the aforementioned deadline.

                         About Elbit Imaging

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

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

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

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


ELITE PHARMACEUTICALS: To Restate Financial Statements
------------------------------------------------------
After receiving a comment letter from the Securities and Exchange
Commission in connection with standard periodic reviews by the
Commission of Elite Pharmaceuticals, Inc.'s Form 10-K for the
fiscal year ended March 31, 2015, the Company's Form 10-Q for the
quarterly period ended June 30, 2015, and, in the process of
review, the Company's Form 10-Q, as amended, for the quarterly
period ended Sept. 30, 2015, the Company conducted further reviews
of its financial statements.  Based on such reviews, the following
determinations were made.

The Company determined that its accounting treatment for the
recognition of revenue relating to a $5 million non-refundable
payment received from Epic Pharma LLC pursuant to its Licensing
Agreement dated June 4, 2015, with Epic was incorrect.
Specifically, it has been determined that revenue relating to the
$5 million non-refundable payment, which was originally recognized
in full during the quarterly period ended June 30, 2015, should
instead be recognized, on a straight line basis, over the
exclusivity period, currently coinciding with the five year term of
the Epic License Agreement, as this payment is attributed to the
exclusive license and other rights granted to Epic in the Epic
License Agreement.

As noted above, the $5 million payment received from Epic is
non-refundable.  Recognition of the entire payment as revenue on
its date of receipt or over the term of the Epic Agreement does not
alter the fact that the Company is not required to return any
portion of this $5 million received from Epic, and the Company can,
and have, used these funds to advance our business objectives.
Accordingly, management believes that this correction of error has
no material effect on the Company's operations or future
prospects.

Based on a straight line amortization over the exclusivity period,
currently coinciding with the 5 year term of the Epic Agreement,
subsequent quarterly periods will include the recognition of
$250,000 in revenues relating to this $5 million payment, until the
exclusivity period terminates, and the amount has been fully
recognized as revenue.

As the Epic Agreement was first disclosed in the Company's
June 2015 10-Q, the Company will be amending that report as well as
its September 2015 10-Q, accordingly.

The Company determined that its accounting for Convertible
Preferred Stock for periods prior to the quarter ended Sept. 30,
2015, was incorrect.  Specifically, it has been determined that
Preferred Derivatives which had originally been classified as
derivative liabilities prior to the quarter ended Sept. 30, 2015,
should instead be accounted for as quasi equity instrument
instruments and recorded as mezzanine equity.  In addition, the
change in carrying value of the Preferred Derivatives, which was
originally included in the calculation of net income as well as the
calculation of net income attributable to common shareholders prior
to the quarter ended Sept. 30, 2015, should instead be included
only in the calculation of net income attributable to common
shareholders.

The Company has determined that the impact of adjustments relating
to the correction of this accounting error are not material to
previously issued annual audited and interim unaudited consolidated
financial statements.  Accordingly, these changes will be disclosed
prospectively in the amended quarterly report on Form 10-Q/A for
the period ended June 30, 2015, which is to be filed with the SEC.

As a result of the determination to restate these previously issued
financial statements, management is in the process of re-evaluating
the effectiveness of the design and operation of the Company's
internal control over financial reporting and disclosure controls
and procedures.  Management will not reach a final conclusion on
the effect of the restatement on the Company's internal control
over financial reporting and disclosure controls and procedures
until completion of the restatement process.

                      About Elite Pharmaceuticals

Northvale, New Jersey-based Elite Pharmaceuticals, Inc., is a
specialty pharmaceutical company principally engaged in the
development and manufacture of oral, controlled-release products,
using proprietary technology and the development and manufacture
of generic pharmaceuticals.  The Company has one product,
Phentermine 37.5mg tablets, currently being sold commercially.

Elite Pharmaceuticals reported net income attributable to common
shareholders of $28.9 million on $5 million of total revenues for
the year ended March 31, 2015, compared to a net loss attributable
to common shareholders of $96.5 million on $4.6 million of total
revenues for the year ended March 31, 2014.

As of Sept. 30, 2015, the Company had $28.69 million in total
assets, $16.20 million in total liabilities, $32.85 million in
convertible preferred shares and a $20.36 million total
stockholders' deficit.


EMERALD ISLE: Edward Bernatavicius is UST's Substitute Counsel
--------------------------------------------------------------
Ilene J. Lashinsky, U.S. Trustee for the District of Arizona, seeks
permission from the Bankruptcy Court to substitute Edward
Bernatavicius as her counsel of record for the remainder of the
case and to terminate Jennifer A. Giaimo as counsel of record and
from the mailing list.

Mr. Bernatavicius requests copies of all notices and any and all
filings, except proofs of claim, in the above-captioned
administrative proceeding or in any contested matter or adversary
proceeding be served on:

      Edward Bernatavicius
      Office of the United States Trustee
      230 N. First Avenue, Suite 204
      Phoenix, AZ 85003-1706
      Tel: 602-682-2600
      Fax: 602-514-7270
      E-mail: Edward.K.Bernatavicius@usdoj.gov

                        About Emerald Isle

Emerald Isle Partners, L.L.C. filed a Chapter 11 bankruptcy
petition (Bankr. D. Ariz. Case No. 15-15165) on Nov. 30, 2015.  The
petition was signed by Patrick J. Murphyk as authorized
representative.  The Debtor listed total assets of $10 million and
total liabilities of $423,200.  Allan D Newdelman PC represents the
Debtor as counsel.  Judge Madeleine C. Wanslee is assigned to the
case.


EMERALD ISLE: Hires Allan D. NewDelman as Bankruptcy Counsel
------------------------------------------------------------
Emerald Isle Partners, L.L.C., seeks permission from the Bankruptcy
Court to employ Allan D. NewDelman, P.C., as its bankruptcy counsel
to: (a) give the Debtor legal advice with respect to all matters
related to this case; (b) prepare on behalf of the Debtor, as
debtor-in-possession, necessary applications, answers, orders,
reports and other legal papers; and (c) perform all other legal
services for the Debtor.

The firm's hourly billing rates of attorneys and paraprofessionals
are as follows:

       Allan D. NewDelman                  $395
       Robert J. Sunkin                    $315
       Paralegal                        $150 - $200

Allan D. NewDelman represents that the firm does not have any
interest adverse to the Debtor or its estate in the matters upon
which it is to be engaged.

                      About Emerald Isle

Emerald Isle Partners, L.L.C. filed a Chapter 11 bankruptcy
petition (Bankr. D. Ariz. Case No. 15-15165) on Nov. 30, 2015.  The
petition was signed by Patrick J. Murphyk as authorized
representative.  The Debtor listed total assets of $10 million and
total liabilities of $423,200.  Allan D Newdelman PC represents the
Debtor as counsel.  Judge Madeleine C. Wanslee is assigned to the
case.


ESSEX RENTAL: Posts Net Loss, Says Unit Has Going Concern Doubt
---------------------------------------------------------------
Essex Rental Corp. incurred a net loss of $2,963,000 for the three
months ended Sept. 30, 2015, compared to a net loss of $2,398,000
for the quarter ended Sept. 30, 2014.  As of Sept. 30, 2015, the
company had total assets of $310,872,000, total liabilities of
$264,032,000, and total stockholders' equity of $46,840,000.

Essex Rental Chief Executive Officer Nicholas J. Matthews and Chief
Financial Officer Kory M. Glen disclosed in a regulatory filing
with the U.S. Securities and Exchange Commission on Nov. 4, 2015
that certain "circumstances raise significant doubt as to Essex
Crane Rental Corp.'s ability to operate as a going concern."

On June 18, 2015, the company received a notice of default from
Wells Fargo Capital Finance, LLC, the lead lender and agent under
Essex Crane's Revolving Credit Facility, as a result of the excess
availability declining below the minimum required excess
availability equal to 10% of the aggregate revolving loan
commitment.  The failure to maintain the required minimum excess
availability was the result of a reduction in the appraised orderly
liquidation value of the rental equipment fleet of approximately
$9.2 million, or 3.8%, and the resultant impact on the borrowing
base.  Due to the existence of the event of default, the agent
elected that (i) all obligations (except for undrawn letters of
credit) will bear interest at a per annum rate equal to two
percentage points above the per annum rate otherwise applicable
under the Essex Crane Revolving Credit Facility, (ii) the letter of
credit fee will increase to two percentage points above the per
annum rate otherwise applicable under the Essex Crane Revolving
Credit Facility, and (iii) the Company may no longer elect to
exercise the LIBOR option.

On July 30, 2015, the company notified Wells Fargo Capital Finance,
LLC of a failure to maintain the required minimum trailing twelve
month fixed charge coverage ratio of not less than 1.10 to 1.00 for
the month ended June 30, 2015.  Subsequent to July 30, 2015, the
company has triggered additional events of default under the Essex
Crane Revolving Credit Facility or the forbearance agreements
related thereto including (i) a failure to be in compliance with
the borrowing base and a failure to repay overadvances for the
monthly periods ended July 31, 2015 and August 31, 2015, (ii) a
failure to pay the default interest on the revolving loans due
September 1, 2015, October 1, 2015 and November 1, 2015, (iii) a
failure to pay accrued interest on the term loans due September 1,
2015, October 1, 2015 and November 1, 2015, (iv) permitting the
fixed charge coverage ratio to be less than 1.10 to 1.00 for the
trailing twelve month periods ended July 31, 2015, August 31, 2015,
September 30, 2015 and October 31, 2015, (v) the consummation of
rental equipment sales that resulted in net cash proceeds of less
than 70% of orderly liquidation value, and (vi) the failure to
retain a Chief Restructuring Officer on or before September 21,
2015.  The failure to maintain the required fixed charge coverage
ratio was primarily due to increased legal and professional fees
along with increased interest expense as a result of the ongoing
events of default.

On October 7, 2015, Essex Crane entered into a Third Forbearance
Agreement (the Forbearance Agreement) with the lenders under the
Essex Crane Revolving Credit Facility.  Under the terms of the
Forbearance Agreement, Essex Crane is permitted to request
additional revolving loans under the Essex Crane Revolving Credit
Facility through the period ended November 13, 2015. In addition,
default interest is no longer being accrued on the revolving loans.
In exchange, Essex Crane is subject to additional reporting and
documentation requirements, including the submission of a rolling
thirteen week cash flow forecast and a weekly reconciliation of
forecasted to actual cash flow.  Additionally, Essex Crane is
required to investigate potential sale-leaseback opportunities on
its real property and submit a restructuring plan on or before
October 30, 2015 that reflects potential operational restructuring
alternatives and asset disposition plans for maximizing Essex
Crane's value.

Essex Crane subsequently entered into an amendment to the
Forbearance Agreement dated October 30, 2015 with the lenders under
the Essex Crane Revolving Credit Facility (the Amendment).  Under
the terms of the Amendment, Essex Crane is permitted to request
additional revolving loans under the Essex Crane Revolving Credit
Facility through the period ended November 20, 2015. In addition,
the Amendment extends the date by which Essex Crane is required to
submit a restructuring plan to Wells Fargo Capital Finance, LLC
that reflects potential operational restructuring alternatives and
asset disposition plans for maximizing Essex Crane's value to
November 6, 2015.

"As of the date of filing this Quarterly Report on Form 10-Q, the
company has not obtained a waiver for the events of default from
the lenders under the Essex Crane Revolving Credit Facility.  The
lenders have reserved all of their respective rights and remedies
available under the Essex Crane Revolving Credit Facility,
including their right to declare the outstanding loans due and
payable, as a result of the event of default or any other events of
default that may otherwise occur at any time," Messrs. Matthews and
Glen told the SEC.

"The company intends to continue to seek an amendment to the Essex
Crane Revolving Credit Facility or a longer term structured
forbearance agreement that underscores the financial and operating
targets that must be achieved to obtain a waiver of the events of
default.  However, if the company cannot amend the facility, extend
the forbearance period or refinance our indebtedness, we may have
to divest assets, seek additional equity financing or reduce or
delay capital expenditures, which could have an adverse effect on
our operations and/or be dilutive to our stockholders.
Additionally, we may not be able to effect any such action, if
necessary, in a timely manner, on satisfactory terms, or at all, in
which case, we may need to seek protection from our creditors under
applicable law or consider other restructuring and recapitalization
transactions.  Whether or not any such transactions or agreements
may be implemented or be successful, the investors in the company's
common stock could suffer substantial or total loss of their
investment."

Messrs. Matthews and Glen further noted, "During the next twelve
months, Essex Crane requires a significant amount of cash to fund
operations and is obligated to make principal payments on
outstanding debt totaling approximately $10,000, exclusive of
approximately $150.3 million outstanding under the Essex Crane
Revolving Credit Facility that may become due and payable.  As of
September 30, 2015, and after consideration of the 10% availability
threshold covenant included in the Essex Crane Revolving Credit
Facility, Essex Crane had no available borrowings under its
revolving credit facility.  However, Essex Crane did have
approximately $1.2 million of availability under the maximum
allowable overadvance included in the terms of the Forbearance
Agreement.

"The expected future operating cash flows for Essex Crane are not
sufficient to meet our long-term obligations and fund operations
without the refinancing of the Essex Crane Revolving Credit
Facility.  However, no assurance can be given that the company will
be able to refinance the Essex Crane Revolving Credit Facility.  If
the company is not able to refinance, we will be required to adopt
one or more alternatives, such as selling material assets or
operations or seeking to raise additional debt or equity capital.
Given current economic and market conditions, we cannot assure
investors that any of these actions could be affected on a timely
basis on satisfactory terms or at all, or that these actions would
enable us to continue to satisfy our capital requirements.  In
addition, our existing or future debt agreements, including the
indenture governing the revolving credit facilities, contain
certain restrictive covenants that may prohibit us from adopting
any of these alternatives."

"These circumstances raise significant doubt as to Essex Crane's
ability to operate as a going concern... Although the company has
determined that there is substantial doubt about Essex Crane's
ability to continue as a going concern, the company does not
anticipate that these circumstances will impact Coast Crane
Company's ability to continue as a going concern," Messrs. Matthews
and Glen clarified.

They explained, "Coast Crane and Essex Crane are separate legal
entities with separate revolving credit facilities and other debt
obligations. The companies do not cross-collateralize their debt
agreements and the events of default at Essex Crane should have no
impact on  Coast Crane's current debt obligations or its ability to
obtain additional sources of capital in the future.  Coast Crane is
well established as one of the largest rental equipment providers
of boom trucks, rough terrain cranes and tower cranes in the
western U.S. and the Company does not anticipate that the current
situation at Essex Crane will significantly affect our customers'
or the market's, perception of the company or its rental offerings.
Furthermore, Coast Crane derives a significant portion of its
revenues through retail equipment sales, retail parts sales and
repair and maintenance services on third-party equipment, all of
which are independent of Essex Crane and unique to Coast Crane.
Although Coast Crane and Essex Crane share certain customers, sales
force and certain accounting and management functions to a limited
extent, Coast Crane is structured in such a manner that it can
continue normal business operations even in the event that Essex
Crane ceases operations.

In addition, the Second Amended and Restated Credit Agreement dated
March 12, 2013, by and among Coast Crane Company, Coast Crane Ltd.,
CC Acquisition Holding Corp., General Electric Capital Corporation,
as Administrative Agent for the several financial institutions from
time to time party to the Credit Agreement and for itself as a
lender, Wells Fargo Bank, National Association, as Documentation
Agent for the several financial institutions from time to time
party to the Credit Agreement and lenders, and the other persons
party thereto that are designated as Credit Parties thereunder (as
amended from time to time, the Coast Crane Revolving Credit
Facility) includes a subjective acceleration clause and requires
the Company to maintain a traditional lock-box for Coast Crane and
a springing lock-box for Coast Crane Ltd.  As a result, the Coast
Crane Revolving Credit Facility, with respect to Coast Crane
borrowings, is classified as a short-term obligation within the
Company's Consolidated Balance Sheets.  The Coast Crane Ltd.
borrowings under the Coast Crane Revolving Credit facility are
classified as long-term obligations within the company's
Consolidated Balance Sheets.

"Although the balances outstanding on the Coast Crane Revolving
Credit Facility, with respect to Coast Crane borrowings, are
classified as short-term obligations within the company's
Consolidated Balance Sheets, we expect that we will be able to
continue to use the facilities on a long-term basis to fund
operations absent any material adverse changes at the company.  A
material adverse change would permit the lenders under the Coast
Crane revolving credit facilities to exercise their rights under
the respective subjective acceleration clauses and declare all
outstanding debt under the revolving credit facilities due and
payable.  If we cannot refinance our indebtedness upon the exercise
of the subjective acceleration clauses, we may have to divest
assets, seek additional equity financing or reduce or delay capital
expenditures, which could have an adverse effect on our operations
and/or be dilutive to our stockholders.  Additionally, we may not
be able to effect any such action, if necessary, in a timely
manner, on satisfactory terms, or at all," Messrs. Matthews and
Glen stated.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/jzxjb6s

Essex Rental Corp. formerly Hyde Park Acquisition Corp. was
originally a blank check company whose objective was to effect a
merger, capital stock exchange, asset acquisition or similar
business combination.  

On Oct. 31, 2008, the Company acquired Essex Crane Rental Corp.
through the acquisition of Essex Crane's parent, Essex Holdings,
LLC.  Essex Crane is a provider of lattice-boom crawler crane and
attachment rental services.  

On Nov. 24, 2010, the Company acquired Coast Crane Company, a
provider of specialty lifting solutions and crane rental services
on the West Coast of the U.S.  

Buffalo Grove, Illinois-based Essex Rental now conducts
substantially all of its operations through Essex Crane and Coast
Crane.


FILMED ENTERTAINMENT: Columbia House Buyer Bends Creditor Attack
----------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that Edge Line
Ventures on Dec. 1, 2015, defended in New York bankruptcy court its
deal to acquire the corporate parent of the once-popular music club
Columbia House following attacks from creditors, saying its offer
is "substantially higher" than any the Debtor received.

Responding to the creditors' objection to the proposed sale, Edge
Line said that its plan to purchase debtor Filmed Entertainment for
$425,000 plus costs is the best option on the table.  

Creditors are seeking to convert the bankruptcy to a Chapter 7
liquidation.

                    About Filmed Entertainment

Filmed Entertainment Inc. owns and operates the "Columbia House
DVD
Club," a direct-to-customer distributor of movies and television
series in the United States.  FEI conducts its business through
physical catalogues and through the --
http://www.columbiahouse.com/Web site.  FEI was historically   
active in the musical compact disc business, but exited the music
business in 2010.  Founded in 1955 as a division of CBS Inc. to
sell vinyl records and cassette tapes, FEI is a unit of Pride Tree
Holdings, Inc., which acquired FEI in December 2012.

On Aug. 10, 2015 FEI filed a voluntary petition for relief under
Chapter 11 of the United States Bankruptcy Code (Bankr. S.D.N.Y.
Case No. 15-12244) in Manhattan, New York.  The case is pending
before the Honorable Shelley C. Chapman.

The Debtor tapped Griffin Hamersky P.C. as counsel, and Prime
Clerk
LLC as claims and noticing agent.

The Debtor estimated assets of $1 million to $10 million and debt
of $50 million to $100 million.

The U.S. Trustee for Region 2 appointed five creditors of Filmed
Entertainment Inc. to serve on the official committee of unsecured
creditors.


FINJAN HOLDINGS: To Amend Infringement Complaint Against Sophos
---------------------------------------------------------------
Finjan Holdings, Inc., announced that on Nov. 13, 2015, in Finjan,
Inc. v. Sophos, Inc., (14-cv-01197-WHO), the Honorable William H.
Orrick granted Finjan's motion to amend its complaint for patent
infringement against Sophos to add allegations of willful
infringement of U.S. Patent Nos. 6,804,780 and 6,154,844 without
changing the Court's scheduled trial start date in September,
2016.

The Court referred to Finjan's allegations that, while reviewing
Sophos' source code, Finjan discovered that Sophos had pre-suit
knowledge of Finjan's patents.  Further, the Court is "satisfied
that the inference [that Sophos had knowledge ... of the underlying
patents] is plausible … not 'mere speculation'."

"Finjan's objective is to resolve our patent dispute with Sophos
efficiently and amicably, however Sophos has chosen to ignore our
claims.  This ruling is significant to our current suit against
Sophos, as we believe that it clearly raises the stakes for Sophos
and exposes them to up to treble damages," stated Julie
Mar-Spinola, Finjan's CIPO and VP of Legal.  "Although litigation
is subject to inherent uncertainties, when viewed in light of the
Court's March 2, 2015 Claim Construction Order, which adopted all
five of Finjan's interpretations of disputed claim elements, and
the US Patent Office, Patent Trial and Appeal Board’s September
24, 2015, denial of Sophos' petitions for inter partes review of
the validity of two of Finjan’s asserted patents, namely US
Patent Nos. 8,677,494, and 7,613,926, we believe that we are in a
good position to prevail on our asserted claims at trial,'
continued Ms. Mar-Spinola.

                            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: Issues $3.2 Billion Senior Notes Due 2024
-----------------------------------------------------
First Data Corporation issued and sold $1,000,000,000 aggregate
principal amount of 5.000% Senior Secured Notes due 2024, which
mature on Jan. 15, 2024, pursuant to an indenture, dated Nov. 25,
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
first lien notes, together with the net proceeds from the issue and
sale of the second lien notes, to (i) redeem all of its outstanding
8.25% senior second lien notes due 2021 and all of its outstanding
8.75% senior second lien notes due 2022 and (ii) pay any applicable
premiums and related fees and expenses.

The first lien notes accrue interest at the rate of 5.000% per
annum and mature on Jan. 15, 2024.  Interest on the first lien
notes is payable in cash on January 15 and July 15 of each year.

       5.750% Senior Secured Second Lien Notes due 2024

On Nov. 25, 2015, the Company issued and sold $2,200,000,000
aggregate principal amount of 5.750% Senior Secured Second Lien
Notes due 2024, which mature on Jan. 15, 2024, pursuant to an
indenture, dated Nov. 25, 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 second lien notes, together
with the net proceeds from the issue and sale of the first lien
notes, to (i) redeem all of its outstanding 8.25% senior second
lien notes due 2021 and all of its outstanding 8.75% senior second
lien notes due 2022 and (ii) pay any applicable premiums and
related fees and expenses.

The second lien notes accrue interest at the rate of 5.750% per
annum and mature on Jan. 15, 2024.  Interest on the second lien
notes is payable in cash on January 15 and July 15 of each year.

                 2015 November Joinder Agreement

On Nov. 24, 2015, the Company entered into a 2015 November Joinder
Agreement relating to its Credit Agreement, dated as of Sept. 24,
2007, as amended and restated as of Sept. 28, 2007, as further
amended as of Aug. 10, 2010, March 24, 2011, March 13, 2012, and
Aug. 16, 2012, as modified as of Sept. 27, 2012, and Feb. 13, 2013,
as further amended as of April 10, 2013, April 15, 2013, Jan. 30,
2014, July 18, 2014 and June 2, 2015, and as further modified as of
July 10, 2015, respectively, among the Company, the several lenders
from time to time parties thereto and Credit Suisse AG, Cayman
Islands Branch, as administrative agent.

Pursuant to the Joinder Agreement, the Company incurred an
aggregate principal amount of (i) $1,250 million in new dollar
denominated term loans and (ii) EUR200 million in new euro
denominated term loans, in each case with an ultimate maturity date
of July 10, 2022.  The interest rate applicable to the New 2022B
Term Loans is a rate equal to, at the Company's option, either (a)
LIBOR plus 375 basis points or (b) solely with respect to New 2022B
Term Loans denominated in dollars, a base rate plus 275 basis
points.  The Company intends to use the net cash proceeds from the
incurrence of the New 2022B Term Loans to refinance all or a
portion of certain of the Company's outstanding term loan
borrowings and to pay certain fees and expenses.

As a result of capital market transactions announced since
June 30, 2015, the Company expects to realize overall annualized
net cash interest savings of approximately $550 million, reducing
its annualized cash interest expense to approximately $1 billion
after closing all of the transactions.

Additional information is available for free at:

                      http://is.gd/D7DDhe

                        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.


FOREST PARK REALTY: Files List of 3 Largest Unsecured Creditors
---------------------------------------------------------------
Forest Park Realty Partners III, LP, filed with the Bankruptcy
Court a list of its three largest unsecured creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Neal Richards Group, LLC           Management Fees        $43,990

Precision Landscape Management         Trade               $1,591

Sabra Texas                            Loan           $18,966,494
Holdings, LP
c/o Dee Ruckman Gardere
1601 Elm Street,
Ste. 3000
Dallas, TX 75201

                    About Forest Park Realty

Forest Park Realty Partners III, LP filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Tex. Case No. 15-34814) on Nov. 30, 2015. The
petition was signed by Todd Furniss as manager of Neal Richards
Group Forest Park Development LLC, its general partner.  The Debtor
estimated assets of $50 million to $100 million and liabilities of
$100 million to $500 million.  Franklin Hayward LLP represents the
Debtor as counsel.  Judge Stacey G. Jernigan has been assigned the
case.

The Debtor offers commercial construction and development
services.

Proofs of claim are due by March 28, 2016.


FOREST PARK REALTY: Section 341 Meeting Scheduled for Dec. 29
-------------------------------------------------------------
A meeting of creditors in the bankruptcy case of Forest Park Realty
Partners III, LP, will be held on Dec. 29, 2015, at 10:00 a.m. at
Dallas, Room 976.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

                     About Forest Park Realty

Forest Park Realty Partners III, LP filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Tex. Case No. 15-34814) on Nov. 30, 2015.
The petition was signed by Todd Furniss as manager of Neal Richards
Group Forest Park Development LLC, its general partner.  The Debtor
estimated assets of $50 million to $100 million and liabilities of
$100 million to $500 million.  Franklin Hayward LLP represents the
Debtor as counsel.  Judge Stacey G. Jernigan has been assigned the
case.

The Debtor offers commercial construction and development
services.

Proofs of claim are due by March 28, 2016.


FOUNDATION HEALTHCARE: Presented at Piper Jaffray Conference
------------------------------------------------------------
Foundation Healthcare, Inc., filed with the Securities and Exchange
Commission a copy of a slide show in conjunction with its
presentation at the Piper Jaffray Annual Healthcare Conference in
New York, New York.  The Company disclosed the following summary:

   * Foundation has reported five consecutive quarters of double
     digit year over year growth at currently owned hospitals

   * All Foundation hospitals are profitable with new services and

     programs in place to support continued revenue growth

   * Trailing twelve months net revenue as of Sept. 30, 2015, was
     $126.7 million

   * Trailing twelve months adjusted EBITDA as of Sept. 30, 2015,
     was $15.7 million

   * Pending acquisition of UGH in Houston which reported over $70

     million revenues for 2014

   * Robust pipeline of potential hospital acquisitions in  
     addition to UGH

   * During 2014 and 2015 Foundation built infrastructure and  
     executive team to support an aggressive growth strategy.

A copy of the Presentation is available for free at:

                     http://is.gd/D5G2OA

                 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.


FPMC FORT WORTH: Files List of 6 Largest Unsecured Creditors
------------------------------------------------------------
FPMC Fort Worth Realty Partners, LP, filed with the U.S. Bankruptcy
Court for the Northern District of Texas a list of its largest
creditors who have the six largest unsecured claims:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Emergency Medicine Physicians      Building Lease        $26,940
of Collin

GDF Suez Energy Resources              Trade              $5,344

Holt Lunsford Commercial, Inc.         Trade              $2,500

Kurz Group, Inc.                       Trade             $41,566

Neal Richards Group, LLC           Management Fees      $498,063
3030 Olive St., Ste. 220
Dallas, TX 75219

USMD PPM, LLC                        Building Lease      $136,702


FPMC FORT WORTH: Hospital in Ch. 11 After Lender Cut Funding
------------------------------------------------------------
BankruptcyData reported that privately-held FPMC Fort Worth Realty
Partners filed for Chapter 11 protection with the U.S. Bankruptcy
Court in the Northern District of Texas.

The Company, which is involved in real estate management services
for Forest Park Medical Center and other affiliated debtors, is
represented by Melissa S. Hayward of Franklin Hayward.  

According to an Oct. 30, 2015 letter written by FPMC Services'
chief human resources officer, David Black, "[W]ithout providing
any advance notice, the lender unexpectedly refused to provide the
expected funding to the Hospital and has advised the Hospital that
it does not intend to provide the money to the PEO to fund payroll
for the Hospital's employees, pay employee benefit premiums, or to
pay critical vendors.

Consequently the Hospital has no other option than to shut down its
operations and for the PEO to terminate all Hospital employees."
FPMC Fort Worth Realty Partners' Chapter 11 petition indicates
total assets greater than $100 million.


FPMC FORT WORTH: Section 341 Meeting Scheduled for Jan. 8
---------------------------------------------------------
A meeting of creditors in the bankruptcy case of FPMC Fort Worth
Realty Partners, LP will be held on Jan. 8, 2016, at 10:30 a.m. at
FTW 341 Rm 7A24.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

                     About FPMC Fort Worth

FPMC Fort Worth Realty Partners, LP filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Tex. Case No. 15-44791) on Nov. 30, 2015. The
petition was signed by Todd Furniss as manager of Neal Richards
Group Forest Park Development LLC, its general partner. The Debtor
estimated assets of $100 million to $500 million and liabilities of
$50 million to $100 million.  Franklin Hayward LLP represents the
Debtor as counsel.  Judge Mark X. Mullin has been assigned the
case.

Proofs of claims are due by April 7, 2016.


FREESEAS INC: Special Meeting of Shareholders Set for Dec. 28
-------------------------------------------------------------
FreeSeas Inc. has announced that a special meeting of shareholders
will be held on Dec. 28, 2015, at the principal executive offices
of FreeSeas Inc. at 10, Eleftheriou Venizelou Street (Panepistimiou
Ave.) 106 71, Athens, Greece, at 17:00 Greek time/10:00 am Eastern
Standard Time.  The purpose of the Special Meeting is as follows:

   1. To grant discretionary authority to the Company's board
         of directors to (A) amend the Amended and Restated
         Articles of Incorporation of the Company to effect one or
         more consolidations of the issued and outstanding shares
         of common stock, pursuant to which the shares of common
         stock would be combined and reclassified into one share
         of common stock ratios within the range from 1-for-2 up
         to 1-for-60 and (B) determine whether to arrange for the
         disposition of fractional interests by shareholder
         entitled thereto, to pay in cash the fair value of
         fractions of a share of common stock as of the time when
         those entitled to receive such fractions are determined,
         or to entitle shareholder to receive from the Company's
         transfer agent, in lieu of any fractional share, the
         number of shares of common stock rounded up to the next
         whole number, provided that, (X) that the Company shall
         not effect Reverse Stock Splits that, in the aggregate,
         exceeds 1-for-60, and (Y) any Reverse Stock Split is  
         completed no later than the first anniversary of the date
         of the Special Meeting.

The Company's Board of Directors has fixed the close of business on
Nov. 23, 2015, as the record date for determining those
shareholders entitled to notice of, and to vote at, the Special
Meeting and any adjournments or postponements thereof.

                     About FreeSeas Inc.

Headquartered in Athens, Greece, FreeSeas Inc., formerly known as
Adventure Holdings S.A., was incorporated in the Marshall Islands
on April 23, 2004, for the purpose of being the ultimate holding
company of ship-owning companies.  The management of FreeSeas'
vessels is performed by Free Bulkers S.A., a Marshall Islands
company that is controlled by Ion G. Varouxakis, the Company's
Chairman, President and CEO, and one of the Company's principal
shareholders.

The Company's fleet consists of six Handysize vessels and one
Handymax vessel that carry a variety of drybulk commodities,
including iron ore, grain and coal, which are referred to as
"major bulks," as well as bauxite, phosphate, fertilizers, steel
products, cement, sugar and rice, or "minor bulks."  As of
Oct. 12, 2012, the aggregate dwt of the Company's operational
fleet is approximately 197,200 dwt and the average age of its
fleet is 15 years.

Freeseas reported a net loss of $12.7 million in 2014, a net loss
of $48.7 million in 2013 and a net loss of $30.9 million in 2012.

As of June 30, 2015, the Company had $41.4 million in total assets,
$32.2 million in total liabilities and $9.22 million in total
shareholders' equity.

RBSM 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 operating
losses and has a working capital deficiency.  In addition, the
Company has failed to meet scheduled payment obligations under its
loan facilities and has not complied with certain covenants
included in its loan agreements.  Furthermore, the vast majority of
the Company's assets are considered to be highly illiquid and if
the Company were forced to liquidate, the amount realized by the
Company could be substantially lower that the carrying value of
these assets.  Also, the Company has disclosed alternative methods
of testing the carrying value of its vessels for purposes of
testing for impairment during the year ended December 31, 2014.
These conditions among others raise substantial doubt about the
Company's ability to continue as a going concern.


FTE NETWORKS: Files Copy of Investor Presentation with SEC
----------------------------------------------------------
FTE Networks, Inc., furnished the U.S. Securities and Exchange
Commission a copy of an investor presentation which the Company
used at the LD Micro Main Event on Dec. 2, 2015, in Los Angeles,
California.

The Company disclosed the following corporate milestones:

  * Completed reverse merger in June 2013

  * Completed Form 10 registration statement

  * Direct vendor relationships with 6 Fortune 50 marquee
    companies

  * Entered into several joint venture partnership throughout the
    United States

  * Market expansion into Charlotte, Atlanta, and Seattle

  * Closed new $8MM debt facility

  * Extinguished $3.4MM of principal and $2MM of interest of
    Senior Secured Notes through a Tender Offer, expected to close

    December 4th

A copy of the Presentation is available for free at:

                         http://is.gd/O75fk2

                       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.


FTE NETWORKS: Sets Final Settlement Date for Cash Tender Offer
--------------------------------------------------------------
FTE Networks, Inc., announced a final settlement date of Dec. 7,
2015, for its cash tender offer to purchase 80% to 100% of its
outstanding Senior Secured Promissory Notes.  The Offer will expire
at 11:59 p.m., New York City time, on Dec. 4, 2015.  The company
has received 100% participation in the Offer.

As previously announced, the Company settled its obligations under
the Offer with respect to 97% of the Notes on Nov. 12, 2015.  The
remaining 3% of the Notes, representing an aggregate of $94,489.56
principal amount, were tendered on or subsequent to the Initial
Settlement Date and within the premium period, as defined in the
related offer to purchase.  The Company has accepted for purchase
the Remaining Notes, and holders who tendered the Remaining Notes
will receive 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 Final
Settlement Date.

                      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.


GARLOCK SEALING: Dallas Firm Wants Lower Court's Decision Revised
-----------------------------------------------------------------
Michelle Casady at Bankruptcy Law360 reported that a Dallas law
firm that's locked in an asbestos exposure litigation battle with a
gasket manufacturing company, in which both parties have filed
racketeering suits against the other, asked the Fourth Circuit on
Nov. 30, 2015, to find it has immunity and reverse a lower court's
decision not to toss the suit against it.

In a separate brief also filed on Nov. 30, Garlock Sealing
Technologies LLC asked the Fourth Circuit to dismiss Simon
Greenstone Panatier Bartlett LLC's appeal of the North Carolina
federal judge's order for lack of jurisdiction.

                       About Garlock Sealing

Headquartered in Palmyra, New York, Garlock Sealing Technologies
LLC is a unit of EnPro Industries, Inc. (NYSE: NPO).  For more
than
a century, Garlock has been helping customers efficiently seal the
toughest process fluids in the most demanding applications.

On June 5, 2010, Garlock filed a voluntary Chapter 11 petition
(Bankr. W.D.N.C. Case No. 10-31607) in Charlotte, North Carolina,
to establish a trust to resolve all current and future asbestos
claims against Garlock under Section 524(g) of the U.S. Bankruptcy
Code.  The Debtor estimated $500 million to $1 billion in assets
and up to $500 million in debts as of the Petition Date.

Affiliates The Anchor Packing Company and Garrison Litigation
Management Group, Ltd., also filed for bankruptcy.

Albert F. Durham, Esq., at Rayburn Cooper & Durham, P.A.,
represents the Debtor in their Chapter 11 effort.  Garland S.
Cassada, Esq., at Robinson Bradshaw & Hinson, serves as counsel
For asbestos matters.

The Official Committee of Asbestos Personal Injury Claimants in
the
Chapter 11 cases is represented by Travis W. Moon, Esq., at
Hamilton Moon Stephens Steele & Martin, PLLC, in Charlotte, NC,
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in New
York, and Trevor W. Swett III, Esq., Leslie M. Kelleher, Esq., and
Jeanna Rickards Koski, Esq., in Washington, D.C. 20005.

Joseph W. Grier, III, the Court-appointed legal representative for
future asbestos claimants, has retained A. Cotten Wright, Esq., at
Grier Furr & Crisp, PA, and Richard H. Wyron, Esq., and Jonathan
P.
Guy, Esq., at Orrick, Herrington & Sutcliffe LLP, as his
co-counsel.

Judge George Hodges of the U.S. Bankruptcy Court for the Western
District of North Carolina on Jan. 10, 2014, entered an order
estimating the liability for present and future mesothelioma
claims
against Garlock Sealing at $125 million, consistent with the
positions GST put forth at trial.

In January 2015, the Debtors filed their Second Amended Plan of
Reorganization, which is backed by the Future Asbestos Claimants'
Representative (FCR).  The confirmation hearing is slated to begin
June 20, 2016.

Under the schedule for confirmation proceedings ordered by the
Court, objections to confirmation of the Plan that do not depend
on
the results of voting were due Oct. 6, 2015, and confirmation
objections that depend on such results are due on Dec. 18, 2015.


GELT FINANCIAL: Court Affirms $563K Order Against Miller, et al.
----------------------------------------------------------------
Appellee Valley National Bank, as successor-in-interest to The Park
Avenue Bank, instituted an action in confession of judgment against
Appellants H. Jack Miller, Ari Miller, and Uri Shohamas, sureties
for a loan given to Gelt Business Credit LLC,
predecessor-in-interest to Gelt Financial Corporation.

A confessed judgment was entered in the amount of $397,683, plus
interest at $212 per diem.  Thereafter, the parties stipulated to
opening the judgment and to proceeding before the trial court as
though the complaint in confession of judgment were a civil
complaint.  The Appellants filed an answer and a counterclaim.  The
Appellee replied to the counterclaim and filed a motion for summary
judgment as to the Appellants' liability as sureties for Gelt's
unpaid debt.  On September 17, 2014, the trial court entered
summary judgment based upon the documents executed by the
Appellants.  After the amount of damages was assessed and judgment
was entered on the damages award, the Appellants filed the present
appeal.

In a Memorandum dated November 19, 2015, which is available at
http://is.gd/MRJfEefrom Leagle.com, the Superior Court of
Pennsylvania affirmed the order against the Appellants in the
amount of $563,906.

The case is VALLEY NATIONAL BANK, SUCCESSOR-IN-THE INTEREST TO THE
PARK AVENUE BANK, Appellee, v. H. JACK MILLER, ARI MILLER AND URI
SHOHAM, Appellants, NO. 3102 EDA 2014 (Pa. Sup.).


GENERAL STEEL: Fails to Company with NYSE Listing Standard
----------------------------------------------------------
General Steel Holdings, Inc., received a notice from the New York
Stock Exchange on Nov. 24, 2015, indicating that the Company is not
in compliance with the NYSE's continued listing requirements under
the timely filing criteria established in Section 802.01E of the
NYSE Listed Company Manual as a result of its failure to timely
file its quarterly report on Form 10-Q for the quarter ended Sept.
30, 2015.

As previously disclosed in its Notification of Late Filing on Form
12b-25 filed with the SEC on Nov. 16, 2015, the Company has delayed
filing its Quarterly Report on Form 10-Q for the quarter ended
Sept. 30, 2015, because the Company requires additional time to
complete the preparation of its consolidated financial statements
and the accompanying footnotes, in connection with its
restructuring plan for the Company's steel business.

Currently the Company is working diligently with its auditor to
compile and disseminate the information required to be included in
the Form 10-Q, as well as the required review of the Company's
financial information.  The Company expects to file the Form 10-Q
as soon as possible in the coming weeks and before the deadline set
by the NYSE.

The NYSE informed the Company that, under the NYSE's rules, the
Company will have six months from Nov. 24, 2015, to file the Form
10-Q with the SEC.  The Company can regain compliance with the NYSE
listing standards at any time before that date by filing the Form
10-Q with the SEC.  If the Company fails to file the Form 10-Q
before the NYSE's compliance deadline, the NYSE may grant, at its
discretion, an extension of up to six additional months for the
Company to regain compliance, depending on the specific
circumstances.  Under NYSE rules, until the Company files the Form
10-Q, its common stock will continue to be subject to the ".LF"
indicator to signify its late filing status and will remain on the
list of NYSE noncompliant issuers at www.nyse.com.

                 About General Steel Holdings

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

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

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

Friedman LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2014, citing that the Company has an accumulated deficit,
has incurred a gross loss from operations, and has a working
capital deficiency at Dec. 31, 2014.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


GLYECO INC: To Join LD Micro Conference
---------------------------------------
GlyEco, Inc., said it will be participating with an investor
presentation at the LD Micro Conference in Los Angeles, California
this month.  The Company furnished the Securities and Exchange
Commission a copy the presentation to be used at the Conference,
which is available for free at http://is.gd/G4Xdkv

"The presentation may contain forward-looking statements about the
Company regarding, among other things, our business strategy, our
prospects, and our financial position.  These statements can be
identified by the use of forward-looking terminology such as
"believes," "estimates," "expects," "intends," "may," "will,"
"should," "could," or "anticipates" or the negative or other
variation of these or similar words, or by discussions of strategy
or risks and uncertainties.  The Company undertakes no obligation
to revise or update such statements to reflect current events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events."

                        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.


GO YE VILLAGE: Section 341 Meeting Set for Jan. 11
--------------------------------------------------
There will be a meeting of creditors in the bankruptcy case of Go
Ye Village, Inc. on Jan. 11, 2016, at 10:00 a.m. at Third Floor,
Room 306, UST 341 Meeting, US Post Office & Courthouse, 4th & Grand
Okmulgee OK.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

                      About Go Ye Village

Go Ye Village, Inc. filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Okla Case No. 15-81287) on Nov. 30, 2015.  The petition was
signed by Maurice D. Turney as president.  The Debtor disclosed
total assets of $24.48 million and total debts of $36.18 million.
Doerner, Saunders, Daniel & Anderson, LLP serves as the Debtor's
counsel.  Judge Tom R. Cornish is assigned to the case.

Proofs of claim are due by April 10, 2016.


GRAINGER FARMS: Largest Bankruptcy Case in Tampa Bay in 2015
------------------------------------------------------------
Pam Huff at Tampa Bay Business Journal reports that Grainger Farms,
Inc.'s $48 million bankruptcy filing was the largest in Tampa Bay
this year.

American City Business Leads, a sister company to the Tampa Bay
Business Journal, has released a list of the top bankruptcies this
year, which also include: Sebring Management FL LLC, Viper Ventures
LLC, Justin Davis Enterprises Inc., Kraz LLC, Meadows Family Care
Centers LLC, Diamond Publishing Group LLC, Liquidation Trust 0814,
and The Health Support Network Inc.

Headquartered in Bradenton, Florida, Grainger Farms, Inc., is a
tomato farm with land holdings in three Florida counties.

Grainger Farms, Inc. (Bankr. M.D. Fla. Case No. 15-04671) and
affiliates JRG Ventures,LLC (Bankr. M.D. Fla. Case No. 15-04672),
Grainger Land, LLC (Bankr. M.D. Fla. Case No. 15-04673), SamAnn
Farms, LLC (Bankr. M.D. Fla. Case No. 15-04674), and SamWes, LLC
(Bankr. M.D. Fla. Case No. 15-04675) filed separate Chapter 11
bankruptcy petitions on May 4, 2015.  The petitions were signed by
James R. Grainger, II, president.


GROUP 1 AUTOMOTIVE: S&P Rates New $250MM Sr. Unsec. Notes 'BB'
--------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB' issue-level
and '5' recovery ratings to Houston, Texas-based auto retailer
Group 1 Automotive Inc.'s proposed $250 million senior unsecured
notes due 2024.  The '5' recovery rating indicates S&P's
expectation for modest recovery (10%-30%, in the upper half of the
range) in the event of a payment default.  The company plans to use
the net proceeds from this issuance to repay $138.2 million
outstanding (as of Sept. 30, 2015) under the acquisition line of
its revolving credit facility and for general corporate purposes.
S&P's other ratings on the company are unaffected by the proposed
issuance.

The proposed debt issuance increases debt leverage and interest
expense.  However, S&P believes Group 1 will pursue a neutral
financial policy that balances business expansion and shareholder
returns with lease-adjusted leverage appropriate for the rating.
For the rating, S&P expects debt leverage to be 3.0x to 4.0x and
funds from operations (FFO) to debt to be 20%-30%.  The rating on
Group 1 reflects S&P's view of the company's resilient business
model, including the stability of EBITDA relative to revenues (the
company has a high degree of variable costs and multiple revenue
sources) and the company's very profitable service business, which
does not depend on vehicle sales.

RECOVERY ANALYSIS

Key analytical factors

S&P's simulated default scenario envisioned a payment default in
2020 caused by a combination of these factors:

   -- A renewed U.S. economic downturn, which reduces demand for
      new and used vehicles and causes customers to defer service
      and repairs.  In addition, the downturn leads to lower
      consumer credit availability, which in turn reduces Group
      1's finance-related commissions;

   -- A sharp increase in fuel costs, which leads to a pronounced
      shift in customer preference to smaller, more economical
      vehicles, which have lower margins for dealers; and

   -- Less attractive inventory financing terms because of rising
      interest rates and reduced interest credits from automotive
      manufacturers.

Simulated default assumptions:

   -- EBITDA multiple of 4x reflects the multiple applied to auto
      retailers given their low adjusted EBITDAs.

   -- S&P estimates the enterprise value by multiplying the
      sector-specific 4.0x by the EBITDA at emergence ($190
      million) and add 95% of the value of new and used vehicles.
      In S&P's analysis, most of the value in the company is
      attributable to the used and new car inventory.

Simplified waterfall:

   -- Simulated year of default: 2020
   -- EBITDA at emergence: $190 million
   -- EBITDA multiple: 4x
   -- Net enterprise value (after 5% admin. costs): $2,140 million
   -- Valuation split (obligors/nonobligors): 85%/15%
   -- Priority claims: $384 million
   -- Value available to first-lien debt claims (Collateral/Non-
      collateral): $1,435 million/0
   -- Secured first-lien debt claims: $1,354 million
      -- Recovery expectations: N/A
   -- Total value available to unsecured claims: $217 million
   -- Senior unsecured debt/pari passu unsecured claims:
      $820 million/$28 million
      -- Recovery expectations: 10%-30% (upper half of the range)

Notes: All debt amounts include six months of prepetition interest.
Collateral value equals asset pledge from obligors after priority
claims plus equity pledge from nonobligors after nonobligor debt.

RATINGS LIST

Group 1 Automotive Inc.
Corporate credit rating                     BB+/Stable/--

Ratings Assigned
Group 1 Automotive Inc.
Senior unsecured
  $250 mil. notes due 2024                   BB
    Recovery rating                          5H



GT ADVANCED: Dec. 17 Hearing on Bid for Exclusivity Extensions
--------------------------------------------------------------
BankruptcyData reported that GT Advanced Technologies filed with
the U.S. Bankruptcy Court a motion to extend the exclusive period
during which the Company can file a Chapter 11 plan and solicit
acceptances thereof through and including Jan. 22, 2016, and March
22, 2016, respectively.

The motion explains, "On Nov. 29, 2015, GTAT filed its Emergency
Motion for Order Pursuant to Bankruptcy Code Sections 363(b) and
503(b) and Bankruptcy Rules 2002 and 6004(h) (A) Authorizing
Debtors to Pay Put Option Premium and Expenses in Connection With
Exit Financing Commitment and (B) Approving Indemnity Obligations
Thereunder [Docket No. 2636] (the 'Exit Financing Commitment
Motion'), which requests, among other things, authorization to pay
certain fees and expenses in connection with the commitment for
GTAT's exit financing.  GTAT has requested expedited consideration
of the Exit Financing Commitment Motion at the hearing scheduled on
Dec. 1, 2015.

The exit-financing commitment letter includes a requirement that
GTAT file its plan of reorganization and disclosure statement no
later than Dec. 21, 2015.  Against the backdrop, GTAT submits that
the requested extension of the Exclusive Periods balances GTAT's
operational need to emerge from chapter 11 as soon as possible -
which will help preserve estate value -- while also providing the
necessary runway for a thorough confirmation process and a
consensual plan.  

Accordingly, the extension of the Exclusive Periods requested here
is appropriate under the circumstances because it will allow GTAT
the time it needs to document a plan of reorganization consistent
with the Plan Term Sheet, as well as a disclosure statement for
such plan, begin the confirmation process, and build consensus as
it advances the plan process."  The Court scheduled a Dec. 17
hearing to consider the motion.

In a separate report, ABI.org reported that the Debtor has lined up
$80 million worth of financing to help it get out of a bankruptcy
after its messy breakup with Apple Inc.

                  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.


GUESTLOGIX INC: Enters Into Forbearance Agreements with Lenders
---------------------------------------------------------------
GuestLogix Inc. on Dec. 2 disclosed that it has entered into
forbearance agreements with its senior lender and its subordinated
lenders in respect of its CDN$7.5 million senior revolving credit
facility and its CDN$9 million subordinated term credit facility as
a result of the previously disclosed breach by the Company of its
EBITDA covenant with its Lenders.

Under the terms of the Forbearance Agreements, among other things:
(i) the Lenders agree to forbear from taking any steps to demand
repayment of the amounts owing under the Credit Facilities until
December 18, 2015; (ii) the Company agrees not to make any payments
of interest on the Company's 7.00% extendible convertible unsecured
subordinated debentures or payments under the share purchase
agreement dated December 2, 2014 pursuant to which the Company
purchased the shares of OpenJaw Technologies Limited; and (iii) the
Company agrees to replace the warrants to purchase an aggregate of
2,400,000 common shares of the Company previously issued to its
Subordinated Lenders in connection with the original subordinated
term credit facility in order to change the exercise price per
share from $0.796 to $0.29 (being the 5-day volume-weighted average
price of the common shares preceding the date of the Forbearance
Agreement) and the expiration date from September 5, 2015 to
December 31, 2018.  

All other terms of the warrants remain unchanged.  

As a result of the Forbearance Agreements and pursuant to the terms
of the trust indenture governing the Convertible Debentures, the
Company is not permitted and will not be making the cash interest
payment (of approximately CDN$700,000 due on December 31, 2015 in
respect of the Debentures).

The Company continues to pursue its previously disclosed review of
strategic alternatives to enhance shareholder value, which is being
carried out by its financial advisor, Canaccord Genuity.  The
Company does not intend to comment further regarding the review
process unless a specific transaction or other alternative is
approved by the Board of Directors, the review process is concluded
or it is otherwise determined that further disclosure is
appropriate or required by law.

                        About GuestLogix

GuestLogix Inc. (TSX:GXI) -- http://www.guestlogix.com-- is a
global provider of ancillary-focused merchandising, payment and
business intelligence technology to airlines and the passenger
travel industry.  GuestLogix' global headquarters and center for
product innovation is located in Toronto, with regional offices
located in Dallas, London, Dublin, Galway, Madrid and Hong Kong,
and product innovation labs located in Moncton and Krakow.


HALCON RESOURCES: $288 Million Existing Notes Validly Tendered
--------------------------------------------------------------
Halcon Resources Corporation announced the early tender results for
its 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 Company has been informed by the information agent for the
exchange offer that, as of 11:59 p.m., New York City time, on
Dec. 3, 2015, a total of approximately $287.5 million aggregate
principal amount of Existing Notes were validly tendered and not
validly withdrawn.  The aggregate principal amount of each series
of the Existing Notes that were validly tendered and not validly
withdrawn as of the Early Tender Date is specified in the table
below:

CUSIP:                40537QAB6

Series:               9.75% Senior Notes due 2020

Aggregate Principal
Amount Outstanding
Prior To Exchange
Offer:                $462,214,000

Aggregate Principal
Amount Tendered
Prior To Or On Early
Tender Date:          $116,363,000


CUSIP:                40537QAD2

Series:               8.875% Senior Notes due 2021

Aggregate Principal
Amount Outstanding
Prior To Exchange
Offer:               $493,671,000

Aggregate Principal
Amount Tendered
Prior To Or On Early
Tender Date:            $136,854,000

CUSIP:                  40537QAF7

Series:                 9.25% Senior Notes due 2022

Aggregate Principal
Amount Outstanding
Prior To Exchange
Offer:                  $93,995,000

Aggregate Principal
Amount Tendered
Prior To Or On Early
Tender Date:            $34,328,000

The exchange offer will expire at 11:59 p.m., New York City time,
on Dec. 17, 2015, unless extended or earlier terminated by Halcón.
Tenders in the exchange offer will be irrevocable except where
additional withdrawal rights are required by law (as determined by
the Company).

Withdrawal rights expired on the Early Tender Date.  Accordingly,
eligible holders who have previously tendered their Existing Notes
can no longer validly withdraw those notes from the exchange offer,
except in the limited circumstances described in the offering
memorandum and the letter of transmittal.

If the aggregate principal amount of Existing Notes validly
tendered and not validly withdrawn exceeds the maximum exchange
amount, Halcon will accept Existing Notes validly tendered and not
validly withdrawn for exchange on a pro rata basis as provided in
the Offering Documents.

                       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.


HARLAND CLARKE: S&P Raises 1st Lien Secured Debt Rating to 'BB-'
----------------------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its 'B+'
corporate credit rating on San Antonio, Texas-based media delivery,
payment solution, and marketing services provider Harland Clarke
Holdings Corp. (HCHC).  The rating outlook remains stable.

At the same time, S&P raised its issue-level rating on the
company's senior secured first-lien debt to 'BB-' from 'B+' and
revised the recovery rating to '2' from '3'.  This debt consists of
a $972.8 million first-lien term loan due 2017 ($486.9 million
outstanding), a $750 million first-lien term loan due 2018 ($707.8
million outstanding), a $600 million first-lien term loan due 2019
($574 million outstanding), $285 million senior secured notes due
2018, and $275 million senior secured notes due 2020.  The '2'
recovery rating indicates S&P's expectation for substantial
recovery (70%-90%; lower half of the range) of principal in the
event of a payment default.

S&P also affirmed its 'B-' issue-level rating on HCHC's senior
unsecured notes, which consist of $708.5 million outstanding
fixed-rate notes due 2021.  The recovery rating remains '6',
indicating S&P's expectation for a negligible (0%-10%) recovery for
lenders in the event of a payment default.

"Our 'B+' corporate credit rating on HCHC is based on our view that
the company's business risk profile remains 'weak,' reflecting the
structural pressures on the its two primary business: the Harland
Clarke segment (which accounts for 37% of revenue) and the Valassis
segment (58% of revenue)," said Standard & Poor's credit analyst
Thomas Hartman.  "The rating also reflects the company's limited
organic growth opportunities."

The stable rating outlook on HCHC reflects S&P's expectation that
the company's cost savings initiatives will offset modest organic
revenue decline and leverage will remain in the mid- to high-4x
area over the next 12 months.  S&P expects the company to make
meaningful progress in refinancing its capital structure in 2016.

S&P could lower the rating if the company experiences intensified
structural pressures that increase leverage over 5x on a sustained
basis without the prospect of reversal.  S&P could also lower the
rating if it believes the company will have difficulty repaying or
refinancing its 2017 and 2018 debt maturities, which would have a
negative impact on our liquidity assessment.

Although unlikely over the next 12 months, S&P could raise the
rating if the company is able to reduce leverage to the 3x-4x area
on a sustained basis.  This would require either EBITDA growth,
voluntarily debt repayment with the majority of discretionary cash
flow, or a combination of the two.  An upgrade would also depend on
S&P's comfort with Harland Clarke's financial policy and S&P's
expectation that the company would not increase leverage above 4x
on a sustained basis with debt-financed dividends or acquisitions.



HCA INC: Fitch Rates $500MM Sr. Unsecured Add-On Notes 'BB'
-----------------------------------------------------------
Fitch Ratings has assigned a 'BB/RR4' rating to HCA Inc.'s
$500 million 5.875% senior unsecured add on notes due 2026.  The
proceeds will be used for general corporate purposes.  The Rating
Outlook is Stable.  The ratings apply to $29.9 billion of debt
outstanding at Sept. 30, 2015.

KEY RATING DRIVERS

Industry-Leading Financial Flexibility: HCA's financial flexibility
has improved significantly in recent years as a result of organic
growth in the business as well as proactive management of the
capital structure.  The company has industry-leading operating
margins and generates consistent and ample discretionary FCF
(operating cash flows less capital expenditures and distributions
to minority interests).

Transition to Public Ownership Complete: The sponsors of a 2006 LBO
previously directed HCA's financial strategy, but their ownership
stake decreased steadily following a 2011 IPO and HCA has appointed
four independent members to the 11-member board of directors (BOD),
bringing the total to seven.

More Predictable Capital Deployment: Under the direction of the LBO
sponsors, HCA's ratings were constrained by shareholder-friendly
capital deployment, including lumpy special dividends and share
repurchases.  HCA has so far a more consistent and predictable
approach to funding shareholder pay-outs under public ownership,
although Fitch expects the company to continue to direct a
substantial amount of cash to share repurchases.

Expect Stable Leverage: Fitch forecasts that HCA will produce
discretionary FCF (operating cash flows less capital expenditures
and distributions to minority interests) of about $1.9 billion in
2015 and will prioritize use of cash for organic investment in the
business, acquisitions and share repurchases.  Pro forma for the
proposed note issue, HCA's gross debt/EBITDA of 3.8x is below the
average of the group of publicly traded hospital companies, and
Fitch does not believe that there is a compelling financial
incentive for HCA to apply cash to debt reduction.

Secular Headwinds to Operating Outlook: Measured by revenues, HCA
is the largest operator of for-profit acute care hospitals in the
country, with a broad geographic footprint.  The company benefited
from this favorable operating profile during a period of several
years of weak organic operating trends in the hospital industry.
Although operating trends improved industrywide starting in
mid-2014, secular challenges, including a shift to lower-cost care
settings and insurer scrutiny of hospital care, are a continuing
headwind to organic growth.

Expect Ongoing Tapering in 2H'15: Fitch expected slower organic
growth in patient volumes in the for-profit hospital sector
beginning in the second half of 2015 but also believes that the
recent rebound in growth has some legs, and is unlikely to revert
to the depressed levels experienced for much of 2010 - 2013.  This
is partly because the hospital industry seems to be finally
emerging from a prolonged and delayed effect of the great
recession.  In addition, management initiatives to sustainably
boost volumes in light of secular headwinds to utilization of
inpatient hospital care will help sustain growth.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for HCA include:

   -- HCA's recently very strong organic patient volume growth
      (same hospital growth in adjusted admissions), supported by
      a ramp up of Affordable Care Act related benefits and
      improving economic conditions, tapers to a more normalized
      2 - 3% in 2016;

   -- Modest Operating EBITDA margin compression of less than 100
      bps in later 2015 through 2016, primarily the result of
      negative operating leverage as volume growth rates normalize

      and pricing trends remain stable;

   -- Fitch forecasts EBITDA of $7.9 billion and discretionary FCF

      of $1.9 billion in 2015 for HCA, with capital expenditures
      of about $2.3 billion.  Higher capital spending is related
      to growth projects that support the expectation of EBITDA
      growth through the forecast period;

   -- The majority of discretionary FCF is directed towards share
      repurchases and acquisitions, and most debt due in 2015-2018

      is refinanced resulting in gross debt/EBITDA of between
      3.5x - 4.0x through the forecast period.

RATING SENSITIVITIES

Maintenance of a 'BB' IDR considers HCA operating with debt
leverage sustained around 4.0x and with a FCF-margin of 4 - 5% or
higher.  A downgrade of the IDR to 'BB-' is unlikely in the near
term, since these targets afford HCA with significant financial
flexibility to increase acquisitions and organic capital investment
while still returning a substantial amount of cash to shareholders
through share repurchases.

An upgrade to a 'BB+' IDR would require HCA to maintain debt
leverage of 3.0x - 3.5x.  In addition to a commitment to operate
with lower leverage, sustained improvement in organic operating
trends in the hospital industry would support a higher rating for
HCA.  Evidence of an improved operating trend would include
positive growth in organic patient volumes, sustained improvement
in the payor mix with fewer numbers of uninsured patients and
correspondingly lower bad debt expense, and limited concern that
profitability will suffer from drops in reimbursement rates.

LIQUIDITY

At Sept. 30, 2015, HCA's liquidity included $588 million of cash on
hand, $2.59 billion of available capacity on its senior secured
credit facilities and LTM discretionary FCF of about $2.1 billion.
HCA's EBITDA/gross interest expense is solid for the 'BB' rating
category at 4.7x, and the company had an ample operating cushion
under its bank facility financial maintenance covenant, which
requires debt net of cash maintained at or below 6.75x EBITDA.

Fitch believes that HCA's favorable operating outlook and financial
flexibility afford the company good market access to refinance
upcoming maturities.  Near-term debt maturities include $28 million
of bank term loans and $150 million of HCA Inc. unsecured notes
maturing in 2015 and $114 million bank term loans and $1 billion
unsecured notes maturing in 2016, which are expected to be redeemed
later this month.

FULL LIST OF RATING ACTIONS

Fitch currently rates HCA as follows:

HCA, Inc.
   -- IDR 'BB';
   -- Senior secured credit facilities (cash flow and asset
      backed) 'BB+/RR1';
   -- Senior secured first lien notes 'BB+/RR1';
   -- Senior unsecured notes 'BB/RR4'.

HCA Holdings Inc.
   -- IDR 'BB';
   -- Senior unsecured notes 'B+/RR6'.

The Rating Outlook is Stable.

Total debt of approximately $29.8 billion at Sept. 30, 2015
includes $8.3 billion of first-lien secured bank debt, $11.1
billion of first-lien secured notes, $8.9 billion of HCA Inc.
unsecured notes, and $1 billion of Hold Co. unsecured notes.  HCA's
bank debt comprises approximately $5.7 billion in term loans
maturing through June 2020.  The company had full availability on
its $2 billion capacity cash flow revolving loan and roughly $600
million availability on its $3.25 billion capacity asset-based
revolving loan (ABL facility).

The secured debt rating is one notch above the IDR, illustrating
Fitch's expectation of superior recovery prospects in the event of
default.  The first-lien obligations, including the bank debt and
the first-lien secured notes, are guaranteed by all material wholly
owned U.S. subsidiaries of HCA, Inc. that are 'unrestricted
subsidiaries' under the HCA Inc. unsecured note indenture dated
Dec. 16, 1993.

Because of restrictions on the guarantor group as stipulated by the
1993 indenture, the credit facilities and first-lien notes are not
100% secured.  At Sept. 30, 2015, the subsidiary guarantors of the
first-lien obligations comprised about 45% of consolidated total
assets.  The ABL facility has a first-lien interest in
substantially all eligible accounts receivable (A/R) of HCA, Inc.
and the guarantors, while the other bank debt and first-lien notes
have a second-lien interest in certain of the receivables.

The HCA Inc. unsecured notes are rated at the same level as the IDR
despite the substantial amount of secured debt to which they are
subordinated, with secured leverage of 2.5x at Sept. 30, 2015. If
HCA were to layer more secured debt into the capital structure,
such that secured debt leverage is greater than 3.0x, it could
result in a downgrade of the rating on the HCA Inc. unsecured notes
to 'BB-'.  The bank agreements include a 3.75x first lien secured
leverage ratio debt incurrence test.

The HCA Holdings Inc. unsecured notes are rated two-notches below
the IDR to reflect the substantial structural subordination of
these obligations, which are subordinate in right of payment to all
debt outstanding at the HCA Inc. level.  At Sept. 30, 2015,
leverage at the HCA Inc. and HCA Holdings Inc. level was 3.6x and
3.7x, respectively.



HEALTH SUPPORT: In List of 2015 Biggest Tampa Bay Bankr. Filings
----------------------------------------------------------------
Pam Huff at Tampa Bay Business Journal reports that The Health
Support Network, Inc., is included in American City Business Leads'
list of the biggest Tampa Bay bankruptcy filings this year.  

American City's list also includes: Grainger Farms, Inc., Sebring
Management FL LLC, Viper Ventures LLC, Kraz LLC, Meadows Family
Care Centers LLC, Justin Davis Enterprises, Inc., Liquidation Trust
0814, and Diamond Publishing Group, LLC.

Bradenton Herald recalls that the Company filed for Chapter 7
liquidation, claiming anywhere from 200 to 999 creditors and up to
$10 million in estimated liabilities.  According to the report, The
Center for Building Hope has been at the center of board changes
and financial troubles.  The Company stated in its bankruptcy
filing, "None of the members of the Board were involved in the
day-to-day operations and some of the responses are based solely on
the review of the Debtors' books and records as officers
responsible for the Debtors' management resigned or were
terminated."

Business Journal, citing a former executive, relates that Brides
Against Breast Cancer was another organization that the Company
owned that has since stopped operations.

Headquartered in Lakewood Ranch, Florida, The Health Support
Network, Inc. -- dba Center for Building Hope, Women of Hope
Against Cancer, Women of Hope Versus Cancer, Horsepower for Hope,
The Wellness Community - Southwest Florida Inc. -- is the parent
organization of a variety of cancer support-related nonprofits.
It filed for Chapter 7 liquidation (Bankr. M.D. Fla. Case No.
15-10966) on Oct. 30, 2015.

The Company is represented by Elena P. Ketchum, Esq., at Stichter,
Riedel, Blain & Postler, P.A.


HEDGEPATH PHARMACEUTICALS: Posts Net loss in Qtr. Ended Sept. 30
----------------------------------------------------------------
HedgePath Pharmaceuticals, Inc., incurred a net loss of $1,202,061
during the three months ended September 30, 2015, compared to a net
loss of $740,069 for the quarter ended September 30, 2014.  

"There is substantial doubt about our ability to continue as a
going concern," HPPI President and Chief Executive Officer Nicholas
J. Virca and Chief Financial Officer and Treasurer Garrison J.
Hasara disclosed in a regulatory filing with the U.S. Securities
and Exchange Commission dated November 4, 2015.

As of Sept. 30, 2015, the company had total assets of $1,549,883,
total liabilities of $540,406, and total stockholders' equity of
$1,009,477.

"We had approximately $1.2 million cash on hand at September 30,
2015, which we believe will fund our current anticipated operations
into the first quarter of next year.  We will require additional
financing in order to progress our business plan.  

"It is highly unlikely that any funds required during the next
twelve months or thereafter can be generated from our operations.
Moreover, there can be no assurances given that additional funds
will be available from external sources, such as debt or equity
financing or other potential sources on commercially acceptable
terms, or at all," Messrs. Virca and Hasara told the SEC.

"We intend to seek financing for our research and development,
commercialization and distribution efforts and our working capital
needs primarily through:

* securing proceeds from public and private financings and,
   potentially, other strategic transactions;

* partnering with other pharmaceutical companies to assist in the
   supply, manufacturing and distribution of our products for
   which we would expect to receive upfront milestone and royalty
   payments;

* potential licensing and joint venture arrangements with third
   parties, including other pharmaceutical companies where we
   would receive funding based on out-licensing our product; and

* seeking government or private foundation grants which would be
   awarded to us to further develop our current and future anti-
   cancer therapies.

"However, there is a material risk that none of these plans will be
implemented and that we will be unable to obtain additional
financing on commercially reasonable terms, if at all.  If adequate
funds are not available, we may be required to significantly reduce
or refocus operations or to obtain funds through arrangements that
may require us to relinquish rights to technologies or potential
markets, any of which could have a material adverse effect on our
company, our viability, our financial condition and our results of
operations in 2015 and beyond.  To the extent that additional
capital is raised through the sale of equity or convertible debt
securities or exercise of warrants and options, the issuance of
such securities would result in ownership dilution to existing
stockholders," Messrs. Virca and Hasara pointed out.

"The accompanying financial statements have been prepared on a
going concern basis which contemplates the realization of assets
and satisfaction of liabilities of the company in the normal course
of business.  If the company is unable to raise required funding to
continue to pursue its business plan, it may have to cease
operations.  The financial statements do not include any
adjustments that might be necessary if the company is unable to
continue as a going concern," according to Messrs. Virca and
Hasara.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/z6ec4js

HedgePath Pharmaceuticals is a clinical stage biopharmaceutical
company that is seeking to discover, develop and commercialize
innovative therapeutics for patients with certain cancers.  The
Tampa, Florida-based Company's preliminary focus is on the
development of therapies for skin, lung and prostate cancers in the
U.S. market.



HOVNANIAN ENTERPRISES: Reports Fiscal 2015 Results
--------------------------------------------------
Hovnanian Enterprises, Inc., reported net income of $25.5 million
on $693 million of total revenues for the three months ended Oct.
31, 2015, compared to net income of $322 million on $698 million of
total revenues for the same period in 2014.

For the 12 months ended Oct. 31, 2015, the Company reported a net
loss of $16.1 million on $2.14 billion of total revenues compared
to net income of $307 million on $2.06 billion of total revenues
for the year ended Oct. 31, 2014.

As of Oct. 31, 2015, the Company had $2.60 billion in total assets,
$2.73 billion in total liabilities and a $128 million total
stockholders' deficit.

"We were pleased that we exceeded the guidance we gave for gross
margin percentage, total SG&A ratio and adjusted pretax profit for
the fourth quarter of fiscal 2015, despite some delays in
delivering homes primarily related to longer cycle times in certain
markets," stated Ara K. Hovnanian, chairman of the Board, president
and chief executive officer.  "Our 71% growth in inventory over the
past three years combined with the 49% year-over-year increase we
achieved in our contract backlog dollars at October 31, 2015, and
the 29% year-over-year increase in net contract dollars during the
fourth quarter of fiscal 2015, gives us confidence in our ability
to significantly increase revenues and profitability during fiscal
2016.  Given the $300 million of land banking arrangements that we
recently announced, we are comfortable with our liquidity position
as we begin fiscal 2016," concluded Mr. Hovnanian.

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


                         http://is.gd/xWiqL6

                     About Hovnanian Enterprises

Red Bank, New Jersey-based Hovnanian Enterprises, Inc. (NYSE: HOV)
-- http://www.khov.com/-- founded in 1959 by Kevork S. Hovnanian,
is one of the nation's largest homebuilders with operations in
Arizona, California, Delaware, Florida, Georgia, Illinois,
Kentucky, Maryland, Minnesota, New Jersey, New York, North
Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and
West Virginia.  The Company's homes are marketed and sold under
the trade names K. Hovnanian Homes, Matzel & Mumford, Brighton
Homes, Parkwood Builders, Town & Country Homes, Oster Homes and
CraftBuilt Homes.  As the developer of K. Hovnanian's Four Seasons
communities, the Company is also one of the nation's largest
builders of active adult homes.

                           *     *     *

As reported by the Troubled Company Reporter on April 25, 2013,
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Hovnanian Enterprises Inc. to 'B-' from 'CCC+'.
"The upgrade reflects strengthening operating performance
supported by the broader recovery in the housing market that, we
believe, should support modest profitability in 2013," said
Standard & Poor's credit analyst George Skoufis.

In the Dec. 9, 2013, edition of the TCR, Fitch Ratings upgraded
the Issuer Default Rating (IDR) of Hovnanian Enterprises to 'B-'
from 'CCC'.  The upgrade and the Stable Outlook reflects HOV's
operating performance year-to-date (YTD), adequate liquidity
position, and moderately better prospects for the housing sector
during the remainder of this year and in 2014.

The TCR reported on Jan. 9, 2014, that Moody's Investors Service
raised the Corporate Family Rating of Hovnanian Enterprises, Inc.,
to B3 from Caa1.  The upgrade of the Corporate Family Rating to B3
reflects Hovnanian's improved financial performance including
improvement in interest coverage to slightly above 1x and finally
turning net income positive for the fiscal year 2013.


HYDROCARB ENERGY: Extends Maturity of Shadow Tree Credit Agreement
------------------------------------------------------------------
Hydrocarb Energy Corporation entered into (i) a First Amendment to
Amended and Restated Credit Agreement, by and between the Company,
as borrower, Shadow Tree Capital Management, LLC, as agent, and
each of Shadow Tree Funding Vehicle A-Hydrocarb LLC and Quintium
Private Opportunities Fund, LP, as lenders, which amended that
certain June 10, 2015, Amended and Restated Credit Agreement by and
between the Company, the Agent and the Lenders; and (ii) a Second
Amendment to Stock Grant Agreement, by and between the Company and
the Lenders.

The First Amendment amended the Credit Agreement to extend the
maturity date of the amount due thereunder, which totaled $5.02
million as of the date of the parties entry into the agreement,
from Nov. 30, 2015, to May 31, 2016; provided for the payment to
the Lenders by the Company of an exit fee upon repayment of the
Loans of 8% of any amounts repaid prior to March 31, 2016, and 10%
of any amounts repaid after March 31, 2016; provided for the future
release by the Lenders of the pledge of shares of Hydrocarb Namibia
Energy Corporation (Pty) Limited, the Company's wholly-owned
Namibia subsidiary, in connection with a subordinated debt
financing by the Company in an amount of not less than $4 million,
or not less than $2 million in the event that at least 40% of the
proceeds from such funding go to repay amounts owed under the
Loans, together with the approval of a lien on such shares in
connection with a subordinated funding meeting the requirements
above and the sale of such shares, in the event the proceeds of
such sale go to the repayment of amounts owed under the Loans; and
the Company agreed to provide 35% of any future subordinated debt
financing to the Lenders to repayment amounts owed under the Loans.
Additionally, the parties agreed that an event of default under
the Credit Agreement would be triggered in the event the Company
failed to repay at least $2 million of the Loans before March 31,
2016; in the event the close-of-trading price of West Texas
Intermediate Crude Oil closes below $35 per barrel for a period of
ten consecutive trading days, provided that at the end of such ten
day period the outstanding principal amount of the Loans exceeds
$2,021,086, or WTI closes below $30 per barrel for a period of ten
consecutive trading days regardless of the amount then outstanding
under the Loans.

The Company agreed to issue the Lenders 100,000 shares of
restricted common stock pursuant to the terms of the First
Amendment and Stock Agreement.

                       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: Typenex Demands Payment of $2-Mil.
----------------------------------------------------
Hydrocarb Energy Corporation received a notice of default from
Typenex Co-Investment, LLC, on Nov. 25, 2015, according to a Form
8-K report filed with the Securities and Exchange Commission.  The
Company vehemently disagrees with the Default Notice in every
regard.

The Default Notice alleged the occurrence of an event of default
under the terms of that certain Securities Purchase Agreement and
Secured Convertible Promissory Note sold by the Company to Typenex
on Oct. 16, 2015.  Specifically, the Default Notice alleged that
the Company's Nov. 17, 2015, sale of an 8% Short Term Cash
Redeemable Note to Darling Capital, LLC constituted a 'variable
security' which therefore resulted in a breach of the provisions of
the SPA and Note because the Company did not first receive the
approval of Typenex for such sale as required thereby for the
Company's sale of a 'variable security'.  The Default Notice also
seeks to enforce default interest on the Note (22% per annum); to
increase the balance of the Note by 15% (i.e., by $259,500 to a
balance of $2,006,429) due to the alleged occurrence of the
default; and further seeks to foreclose on 3.1 million shares of
common stock of the Company pledged by related parties to secure
amounts owed under the Note.

On Nov. 30, 2015, the Company received a demand notice from Typenex
formally requesting and demanding the payment of the $2,006,429
alleged due under the Note by Dec. 2, 2015.

The Company disputes the claim that an event of default has
occurred under the SPA or the Note and further disputes and fails
to acknowledge the claims and demands made by Typenex in the
Default Notice and Demand Notice.  The Company asserts the Darling
Note was not a 'Variable Security' as such security is not
convertible unless or until such note is not repaid by the 180th
day after the sale of such note and the Company therefore believes
that the claims made by Typenex are invalid.  Furthermore, pursuant
to the terms and conditions of the Note, the Company said Typenex
is required to provide the Company a 15 day cure period in the
event the Company breaches certain terms of the SPA, including the
breach alleged by Typenex in the Default Notice, and Typenex has
failed to provide the Company any right to cure as required by the
SPA and Note.

The Company currently has no intention of paying Typenex pursuant
to the Demand Notice, allowing Typenex to foreclose on the pledged
shares or acknowledging that a default has occurred under the SPA
or Note and is currently analyzing its options moving forward in
regards to the erroneous claims made by Typenex, which may include,
but not be limited to filing a lawsuit against Typenex.
Notwithstanding the above, the existence of the alleged defaults,
and/or resources the Company may be forced to expend in defending
itself against the allegations made by Typenex may negatively
effect the Company or its cash flow, which may ultimately result in
a decline in the value of the Company's common stock.

                   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.


INVENTIV HEALTH: Joins Bank of America 2015 Conference
------------------------------------------------------
Representatives of inVentiv Health, Inc., participated at the Bank
of America 2015 Leveraged Finance Conference on December 3rd, at
the Boca Raton Resort in Boca Raton, Florida.  The presentation
slides is available for free at http://is.gd/5DMVHq

                      About inVentiv Health

inVentiv Health, Inc., is privately owned by inVentiv Group
Holdings, Inc., an organization sponsored by affiliates of Thomas
H. Lee Partners, L.P., Liberty Lane Partners and members of the
inVentiv Health management team.

inVentiv Health is a top-tier professional services organization
that accelerates the clinical and commercial success of
biopharmaceutical companies worldwide.  The Company's combined
Clinical Research Organization and Contract Commercial Organization
helps clients improve their performance to deliver much-needed
therapies to market.  With 13,000 employees providing services to
clients in 70 countries, inVentiv Health designs best practices,
processes and systems to enable clients to successfully navigate an
increasingly complex environment.
- See more at:
http://www.inventivhealth.com/our-company/investors#sthash.Oi040G6G.dpuf


As of Sept. 30, 2015, the Company had $2.20 billion in total
assets, $2.90 billion in total liabilities and a total
stockholders' deficit of $699 million.

                           *    *    *

As reported by the TCR on May 22, 2015, Moody's Investors Service
affirmed the Caa1 Corporate Family Rating and Caa1-PD Probability
of Default Rating of inVentiv Health, Inc. as well as all of the
instrument ratings.  The Caa1 rating reflects inVentiv's very high
leverage, history of negative free cash flow and significant
interest burden which will make a default event likely if the
company does not significantly improve its EBITDA performance well
ahead of 2018, when all of the company's debt matures.

The TCR reported on Dec. 12, 2012, that Standard & Poor's Ratings
Services affirmed its 'B-' corporate credit rating on Burlington,
Mass.-based contract research organization (CRO) inVentiv Health
Inc.


IPAYMENT INC: Moody's Affirms Caa1 Corp. Family Rating
------------------------------------------------------
Moody's Investors Service affirmed iPayment, Inc.'s Caa1 corporate
family rating (CFR), Caa1-PD Probability of Default Rating, and the
existing ratings for iPayment's debt instruments. Moody's assigned
a B2 rating to iPayment's $20 million revolving credit facility and
affirmed the B2 rating on the senior secured term loan which will
be upsized to $385 million. Moody's also withdrew iPayment's
Speculative Grade Liquidity rating. The ratings have a stable
outlook.

iPayment plans to refinance outstanding revolver borrowings with
proceeds from $35 million of add-on term loans and extend the
maturity for its revolving credit facility from May 2016 to
February 2017. The revolving credit facility will be reduced by $75
million to $20 million. Moody's will withdraw the rating for
iPayment's existing revolving credit facility upon the close of the
refinancing.

RATINGS RATIONALE

iPayment's Caa1 CFR remains constrained by its weak prospective
liquidity due to the sizeable debt maturities through May 2017 and
its high leverage. Despite sustained net revenue growth over the
last six quarters and a debt restructuring in the fourth quarter of
2014, total debt to EBITDA remains high at 7.3x (Moody's adjusted,
excluding non-recurring stock based compensation related to the
debt exchange in 4Q 2014). Assuming constant debt levels, Moody's
expects leverage to decline toward 7x over the next 12 to 18 months
driven by organic EBITDA growth of about 5%. Moody's expects
iPayment to generate free cash flow (before residual buyouts and
portfolio acquisitions) of approximately $30 million in 2016.

The stable outlook reflects Moody's expectations that iPayment's
net revenues should grow by about 4% to 5% over the next 12 to 18
months and leverage should continue to decline. In addition,
Moody's expects the company to address its debt maturities in a
timely manner.

Moody's could raise iPayment's ratings if liquidity improves and if
Moody's believes that the company could sustain total debt to
EBITDA below the mid 6x level and free cash flow in excess of 5% of
total debt. The ratings could be downgraded if liquidity is
pressured by weak operating performance or approaching debt
maturities. In addition, the ratings could be lowered if net
revenues and operating cash flow decline, and if Moody's believes
that total debt to EBITDA is expected to increase.

Ratings affirmed:

-- Issuer - iPayment, Inc.

-- Corporate Family Rating -- Caa1

-- Probability of Default Rating -- Caa1-PD

-- Senior secured term loan (upsized to $382.5 million) due May
    2017 -- B2 (LGD 2)

-- $296 million of senior 2nd lien notes due 2019 -- Caa2 (LGD 5)


-- 10.25% senior unsecured notes due 2018 -- Caa3 (LGD 6)

-- Issuer - iPayment Holdings, Inc.

-- Senior PIK notes due 2018 -- Caa3 (LGD 6)

-- Outlook:

-- iPayment, Inc.

-- Outlook -- Stable

-- iPayment Holdings, Inc.

-- Outlook -- Stable

Ratings assigned:

-- iPayment, Inc.

-- $20 million senior secured revolving credit facility due
    February 2017 -- B2 (LGD 2)

Ratings withdrawn:

-- iPayment, Inc.

-- Speculative Grade Liquidity Rating -- SGL-4

iPayment, Inc. is a merchant acquirer that provides credit and
debit card-based payment processing services to small business
merchants in the United States. iPayment generated revenues (net of
interchange) of $329 million in the twelve months ended September
30, 2015.



JOE'S JEANS: Appeals Nasdaq Delisting Determination
---------------------------------------------------
Joe's Jeans Inc. has requested a hearing before the Nasdaq Hearings
Panel to address the Company's continued non-compliance with the
minimum $1.00 bid price requirement and its failure to timely
satisfy the proxy solicitation and annual meeting requirements, as
set forth in Nasdaq Listing Rules 5500(a)(2), 5620(a) and 5620(b).
The Company's request for a hearing before the Panel automatically
stays any action by Nasdaq regarding the Company's listing until
the Panel makes a determination after the hearing and the
expiration of any compliance period granted by the Panel.  The
Company's common stock will remain listed on the Nasdaq Capital
Market pending the conclusion of the hearing process.

As previously announced, the Company continues to work toward the
completion of the merger of the remaining Hudson business with the
parent company of Robert Graham, RG Parent LLC, a
nationally-recognized fashion brand.  In connection with the
proposed merger, the Company filed a registration statement on Form
S-4 that includes a joint proxy and consent solicitation and
constitutes a prospectus of the Company.  The Company expects to
hold an annual meeting in January 2016 and, in connection
therewith, among other things, will seek stockholder approval of a
1 for 30 reverse stock split and other actions required to
consummate the merger.  If the merger is approved, the Company
expects to rename itself Differential Brands Group Inc. and has
applied for the listing of DBG on Nasdaq under the ticker symbol
DFBG.

The Company believes that the approval by its stockholders of the
reverse stock split proposal, along with holding the annual meeting
itself, will resolve the non-compliance with the Nasdaq rules.
However, there can be no assurance that the Panel will grant the
Company's request for continued listing on Nasdaq or that the
Company's stockholders will approve the reverse stock split
proposal.
  
                       About Joe's Jeans

Joe's Jeans Inc. -- http://www.joesjeans.com/-- designs, produces
and sells apparel and apparel-related products to the retail and
premium markets under the Joe's(R) brand and related trademarks.

As of Aug. 31, 2015, the Company had $172 million in total
assets, $149 million in total liabilities and $22.6 million in
total stockholders' equity.

In its audit report on the consolidated financial statements for
the year ended Nov. 30, 2014, Moss Adams LLP expressed substantial
doubt about the Company's ability to continue as a going concern,
citing that the Company has a net working capital deficiency due to
debt covenant violations and has suffered recurring losses from
operations.

The Company reported a net loss of $27.7 million on $189 million of
net sales for the fiscal year ended Nov. 30, 2014, compared with a
net loss of $7.31 million on $140 million of net sales in 2013.

The Troubled Company Reporter, on June 9, 2015, reported that Joe's
Jeans received a letter on May 29, 2015, from The Nasdaq Stock
Market indicating that the Company had received an additional 180
days, or until Nov. 23, 2015, to regain compliance with Nasdaq
Listing Rule 5550(a)(2) by maintaining a closing bid price per
share of its common stock at $1.00 per share or more for a minimum
of 10 consecutive trading days.


JUSTIN DAVIS ENTERPRISES: In Biggest Tampa Bay Bankr. Cases List
----------------------------------------------------------------
Pam Huff at the Tampa Bay Business Journal reports that Justin
Davis Enterprises, Inc., is included in the a list of the biggest
Tampa Bay bankruptcy filings that American City Business Leads has
released.

The Business Journal says that Grainger Farms, Inc.'s $48 million
bankruptcy filing was the largest this year.  American City's list
of the top bankruptcies this year also include: Sebring Management
FL LLC, Viper Ventures LLC, Kraz LLC, Meadows Family Care Centers
LLC, Diamond Publishing Group LLC, Liquidation Trust 0814, and The
Health Support Network Inc.

On Dec. 3, 2015, the Hon. Michael G. Williamson of the U.S.
Bankruptcy Court for the Middle District of Florida extended until
Dec. 1, 2015, the Debtor's exclusivity period for filing a Chapter
11 plan and disclosure statement.  The Debtor was able to file a a
Chapter 11 plan of reorganization and the accompanying disclosure
statement on Dec. 1, 2015.

Headquartered in Madison, Florida, Justin Davis Enterprises, Inc.,
filed for Chapter 11 bankruptcy protection (Bankr. M.D. Fla. Case
No. 15-07698) on July 28, 2015, estimating its assets and
liabilities at between $1 million and $10 million each.  The
petition was signed by James B. Davis, IV, president.

Judge Michael G. Williamson presides over the case.

Daniel R. Fogarty, Esq., at Stichter, Riedel, Blain & Postler,
P.A., serves as the Company's bankruptcy counsel.


JW RESOURCES: Amended Schedules of Assets and Liabilities Filed
---------------------------------------------------------------
JW Resources Inc. filed with the U.S. Bankruptcy Court for the
Eastern District of Kentucky its amended schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------           ------------      -----------
  A. Real Property              
  B. Personal Property           $69,884,126
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $70,284,157
  E. Creditors Holding
     Unsecured Priority
     Claims                                          
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $206,419
                                 -----------      -----------
        TOTAL                    $69,884,126      $70,490,576

A full-text copy of the Debtor's schedules is available for free at
http://is.gd/8XXmQN

                   About JW Resources

JW Resources Inc. and its subsidiaries are U.S. producers of
thermal coal with mineral reserves, mining operations and coal
properties located in the Central Appalachian ("CAPP") regions of
Kentucky. JW acquired the thermal coal mining operations of Xinergy
in eastern Kentucky for $47.2 million in February 2013.  JW's
business operations comprise what is known as the "Straight Creek"
operations located in Bell, Leslie and Harlan Counties, Kentucky,
and the "Red Bird" operations located in Bell, Leslie, Knox, and
Clay Counties, Kentucky.  JW Resources is the parent and sole
shareholder of SCRB Properties, Inc., Straight Creek Coal  Mining,
Inc. and SCRB Processing, Inc.

JW Resources and its subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. E.D. Ky. Lead Case No. 15-60831) in London,
Kentucky on June 30, 2015.

The Debtors tapped Frost Brown Todd LLC as counsel, and Energy
Ventures Analysis, Inc., as sale advisor.  

JW Resources estimated $1 million to $10 million in assets and  $50
million to $100 million in debt.  Straight Creek estimated  $10
million to $50 million in assets and $50 million to $100 million in
debt.


JW RESOURCES: Has Until December 10 to File Chapter 11 Plan
-----------------------------------------------------------
The Hon. Gregory R. Schaaf of the U.S. Bankruptcy Court for the
Eastern District of Kentucky extended the exclusive periods of JW
Resources Inc. and its debtor-affiliates to file a Chapter 11 plan
of reorganization until Dec. 10, 2015, and solicit acceptances of
that plan through and including Jan. 25, 2016.

The Official Committee of Unsecured Creditors told the Court that
it has not filed an objection to the Debtors' extension of time
because the Debtors and the Committee are working cooperatively on
a joint plan of liquidation that will create a liquidating trust.

                   About JW Resources

JW Resources Inc. and its subsidiaries are U.S. producers of
thermal coal with mineral reserves, mining operations and coal
properties located in the Central Appalachian ("CAPP") regions of
Kentucky. JW acquired the thermal coal mining operations of Xinergy
in eastern Kentucky for $47.2 million in February 2013.  JW's
business operations comprise what is known as the "Straight Creek"
operations located in Bell, Leslie and Harlan Counties, Kentucky,
and the "Red Bird" operations located in Bell, Leslie, Knox, and
Clay Counties, Kentucky.  JW Resources is the parent and sole
shareholder of SCRB Properties, Inc., Straight Creek Coal  Mining,
Inc. and SCRB Processing, Inc.

JW Resources and its subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. E.D. Ky. Lead Case No. 15-60831) in London,
Kentucky on June 30, 2015.

The Debtors tapped Frost Brown Todd LLC as counsel, and Energy
Ventures Analysis, Inc., as sale advisor.  

JW Resources estimated $1 million to $10 million in assets and  $50
million to $100 million in debt.  Straight Creek estimated  $10
million to $50 million in assets and $50 million to $100 million in
debt.


JW RESOURCES: Wagner Replaces Porter as Designated Individual
-------------------------------------------------------------
The Hon. Gregory R. Schaaf of the U.S. Bankruptcy Court for the
Eastern District of Kentucky appointed Les Wagner to replace Joshua
Porter as the individual designated to perform duties of JW
Resources Inc. and its debtor-affiliates in their bankruptcy
cases.

                   About JW Resources

JW Resources Inc. and its subsidiaries are U.S. producers of
thermal coal with mineral reserves, mining operations and coal
properties located in the Central Appalachian ("CAPP") regions of
Kentucky. JW acquired the thermal coal mining operations of Xinergy
in eastern Kentucky for $47.2 million in February 2013.  JW's
business operations comprise what is known as the "Straight Creek"
operations located in Bell, Leslie and Harlan Counties, Kentucky,
and the "Red Bird" operations located in Bell, Leslie, Knox, and
Clay Counties, Kentucky.  JW Resources is the parent and sole
shareholder of SCRB Properties, Inc., Straight Creek Coal  Mining,
Inc. and SCRB Processing, Inc.

JW Resources and its subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. E.D. Ky. Lead Case No. 15-60831) in London,
Kentucky on June 30, 2015.

The Debtors tapped Frost Brown Todd LLC as counsel, and Energy
Ventures Analysis, Inc., as sale advisor.  

JW Resources estimated $1 million to $10 million in assets and  $50
million to $100 million in debt.  Straight Creek estimated  $10
million to $50 million in assets and $50 million to $100 million in
debt.


KEMET CORP: Files Copy of Presentation Materials with SEC
---------------------------------------------------------
Per-Olof Loof, chief executive officer, and William M. Lowe, Jr.,
executive vice president and chief financial officer, of KEMET
Corporation, are scheduled to provide certain investor information,
including investor presentations commencing on Wednesday, Dec. 2,
2015, in Boca Raton, Florida at 2:00 pm eastern standard time.  The
slide package prepared by the Company for use in connection with
these presentations is available for free at:

                      http://is.gd/JvqXO8

All of the information in the presentation was presented as of Dec.
2, 2015, and the Company does not assume any obligation to update
such information in the future.

                         About KEMET

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

As of Sept. 30, 2015, the Company had $739 million in total assets,
$609 million in total liabilities, and $130 million in total
stockholders' equity.

                           *     *     *

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

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

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


KH FUNDING: Escobar Ordered to Pay $134K
----------------------------------------
Judge Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland, Greenbelt, entered a judgment in favor of KH
Funding Company in the amount of $134,717 in the case captioned as
KH Funding Company Plaintiff, v. Aida Escobar Defendant, ADVERSARY
NO. 12-00821 (Bankr. D.Md.).

KH Funding Company filed the preference action against the
defendant seeking to recover $134,717 of payments made to her
during the twelve month period ending on the petition date.  At the
conclusion of a two day trial held on October 14 and 30, 2015,
defendant conceded that plaintiff established all elements of a
preference claim.

A full-text copy of the Memorandum Decision dated November 18, 2015
is available at http://is.gd/FnW4POfrom Leagle.com.

The bankruptcy case is In re: KH Funding Company, Chapter 11,
Debtor, CASE NO. 10-37371-TJC (Bankr. D.Md.).

KH Funding Company, Plaintiff, represented by Lawrence Rifken,
Esq. -- intake@rifkinlawoffice.com -- The Rifken Law Firm PLLC,
James Edward Van Horn Jr, Esq. -- jhorne@mcguirewoods.com --
McGuireWoods LLP.

Aida Escobar, Defendant, represented by Michael Patrick Coyle, Esq.
-- The Coyle Law Group LLC.

                      About KH Funding Company

Silver Spring, Maryland-based KH Funding Company is a Maryland
corporation whose business activities consisted primarily of
originating, acquiring, and servicing mortgage loans.
Specifically, KH Funding originated commercial real estate
mortgage loans and investment property residential mortgage loans
and also purchased residential first and second mortgage loans
from other lenders.  These lending activities have been
concentrated primarily in the greater Washington, D.C. and
Baltimore areas.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Md. Case No. 10-37371) on Dec. 3, 2010.  Lawrence Coppel, Esq., at
Gordon Feinblatt Rothman Hoffberger & Hollander, LLC, in
Baltimore, Maryland, serves as the Debtor's bankruptcy counsel.
The Debtor estimated its assets and debts at $10 million to $50
million.

W. Clarkson McDow, Jr., United States Trustee for Region 4,
appointed seven creditors to serve on the Official Committee of
Unsecured Creditors.  The Committee is represented by Bradford J.
Sandler, Esq., at Pachulski Stang Ziehl & Jones LLP, and lawyers
at McGuireWoods LLP as co-counsel.  The Committee has tapped BDO
Consulting, a division of BDO USA, LLP, as its financial advisor.

The Troubled Company Reporter on Oct. 3, 2011, outlined the terms
of the Joint Liquidation Plan filed by KH Funding and the
Committee.  The Plan provides that the Debtor's assets will be
liquidated in an orderly manner, including sales of real property
owned by the Debtor.


LIQUIDATION TRUST: In List of Biggest Tampa Bay Bankr. Filings
--------------------------------------------------------------
Pam Huff at Tampa Bay Business Journal reports that Liquidation
Trust 0814 is included in American City Business Leads' list of the
biggest Tampa Bay bankruptcy filings this year.  

American City's list also includes: Grainger Farms, Inc., Sebring
Management FL LLC, Viper Ventures LLC, Kraz LLC, Meadows Family
Care Centers LLC, Justin Davis Enterprises, Inc., The Health
Support Network, Inc., and Diamond Publishing Group, LLC.

Headquartered in Sarasota, Florida, Liquidation Trust 0814 filed
for Chapter 7 liquidation (Bankr. M.D. Flas. Case No. 15-00717) on
Jan. 27, 2015.  The Company is represented by David A. Fernandez,
Esq., at Skyway Law Group, PA.


LLS AMERICA: $34K Judgment Awarded Against Bowlins
--------------------------------------------------
Judge Rosanna Malouf Peterson of the United States District Court
for the Eastern District of Washington awarded judgment in favor of
Bruce P. Kriegman, solely in his capacity as Liquidating Trustee of
LLS America, LLC, and against defendants Shanna Bowolin and Matthew
Bowolin, jointly and severally, as follows:

   a. Judgment $34,601.37 CAD;

   b. Prejudgment interest (0.47% per $ 1,031.45 CAD annum from
July 21, 2009 to November 19, 2015-2,315 days)

   c. Plus post-judgment interest from the date of Judgment until
fully paid at the federal rate of 0.23% per annum as of 10/16/2015.


The case is In Re LLS AMERICA, LLC, Debtor, BRUCE P. KRIEGMAN,
solely in his capacity as court-appointed Chapter 11 Trustee for
LLS America, LLC, Plaintiff, v. ANGELA MIRROW, et al., Defendants,
NO. 2:14-CV-268-RMP, BANKR. CASE NO. 09-06194-PCW11. (CONSOLIDATED
CASE) (E.D. Wash.).

A full-text copy of Judge Bailey's November 19, 2015 memorandum of
decision is available at http://is.gd/wzT2Tufrom Leagle.com.

Bruce P Kriegman is represented by:

          Daniel J Gibbons, Esq.
          Michael Lee Loft, Esq.
          Ross P White, Esq.
          Shelley N Ripley, Esq.
          Thomas Dean Cochran, Esq.
          Michael John Kapaun, Esq.
          WITHERSPOON KELLEY
          422 W. Riverside Avenue, Suite 1100
          Spokane, WA 99201-0300
          Tel: (509) 624-5265
          Fax: (509) 458-2728
          Email: djg@witherspoonkelley.com
                 mll@witherspoonkelley.com
                 rpw@witherspoonkelley.com
                 snr@witherspoonkelley.com
                 tdc@witherspoonkelley.com
                 mjk@witherspoonkelley.com  

                    About LLS America

LLS America LLC, doing business as Little Loan Shoppe, operated an
online payday loan business.  Affiliate Team Spirit America
provided the manpower, management and equipment for Little Loan
Shoppe.  The companies are among a multitude of Canadian and
American business entities owned and operated by Doris E. Nelson,
a/k/a Dee Nelson, a/k/a Dee Foster.  Investors claimed Ms. Nelson
operated a Ponzi scheme.  Ms. Nelson allegedly told investors they
could earn as much as 60% on money her companies used to make
payday loans to consumers.  American and Canadian investors bought
notes worth US$29 million and another C$26,000,000.  However, the
investors received no payments after March 2009.

One investor group placed a related company, LLS-A LLC, into
bankruptcy in July 10, 2009.

LLS America LLC filed for bankruptcy (Bankr. D. Nev. Case No.
09-23021) on July 21, 2009, before Judge Linda B. Riegle.  Gregory
E. Garman, Esq., at Gordon Silver, served as the Debtor's counsel.
In its petition, the Debtor disclosed $2,661,584 in assets and
$24,013,837 in debts.  The petition was signed by Ralph Gamble, CEO
of the Company.

The case was subsequently moved to Washington state (Bankr. E.D.
Wash. Case No. 09-06194).  Charles Hall was appointed as examiner
in the case.


MEADOWS FAMILY: In List of 2015 Biggest Tampa Bay Bankr. Filings
----------------------------------------------------------------
Pam Huff at Tampa Bay Business Journal reports that Meadows Family
Care Centers, LLC, is included in American City Business Leads'
list of biggest Tampa Bay bankruptcy filings this year.  

American City's list also includes: Grainger Farms, Inc., Sebring
Management FL LLC, Viper Ventures LLC, Kraz LLC, Liquidation Trust
0814, Justin Davis Enterprises, Inc., The Health Support Network,
Inc., and Diamond Publishing Group, LLC.

Headquartered in Bradenton, Florida, Meadows Family Care Centers,
LLC, filed for Chapter 7 liquidation (Bankr. M.D. Fla. Case No.
15-bk-07575) on July 23, 2015.  The Company is represented by James
D. Jackman, Esq., at James D. Jackman PA.


MEDICURE INC: Approves Grants of Stock Options to Employees
-----------------------------------------------------------
Medicure Inc.'s Board of Directors has approved the grant of an
aggregate of 168,000 stock options to certain employees and
consultants of the Company pursuant to the Company's Stock Option
Plan.  These stock options are set to expire on the fifth
anniversary of the date of grant.  All of the stock options were
issued at an exercise price of $3.90 per share.  The stock options
are subject to the approval of the TSX Venture Exchange.

                      About Medicure Inc.

Medicure -- http://www.medicure.com/-- is a specialty
pharmaceutical company focused on the development and
commercialization of therapeutics for the U.S. hospital market.
The primary focus of the Company and its subsidiaries is the
marketing and distribution of AGGRASTAT (tirofiban HCl) for non-ST
elevation acute coronary syndrome in the United States, where it is
sold through the Company's U.S. subsidiary, Medicure Pharma, Inc.

Ernst & Young LLP expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company has
experienced losses and has accumulated a deficit of C$127 million
since incorporation and has a working capital deficiency of
C$503,000 as at Dec. 31, 2014.

The Company reported net income of C$1.2 million on C$5.26 million
in revenue for the year ended Dec. 31, 2014.  As of Sept. 30, 2015,
Medicure had C$12.1 million in total assets, C$10.2 million in
total liabilities and a C$1.95 million in total deficiency.


MICROSEMI CORP: S&P Cuts CCR to 'BB-' on PMC-Sierra Deal
--------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on Aliso Viejo, Calif.-based Microsemi Corp. to
'BB-' from 'BB' and removed it from CreditWatch, where S&P had
placed it with negative implications on Oct. 19, 2015.  The outlook
is stable.

At the same time, S&P assigned a 'BB-' issue-level rating with a
recovery rating of '3' to the company's proposed $1.425 billion
senior secured term loan B due 2023, $650 million senior secured
term loan A due 2021, and $350 million revolving credit facility
due 2021.  The '3' recovery rating indicates S&P's expectation for
meaningful recovery (50% to 70%, upper half of the range) in the
event of payment default.

In addition, S&P assigned a 'B+' issue-level rating with a recovery
rating of '5' to the company's proposed $500 million unsecured
notes.  The '5' recovery rating indicates S&P's expectation for
modest recovery (10% to 30%, upper half of the range) in the event
of payment default.

Finally, S&P removed its 'BB+' issue-level rating on the company's
existing senior secured debt from CreditWatch as S&P expects the
company to redeem these instruments as part of the transaction,
after which S&P will withdraw the ratings.

"The downgrade reflects leverage increasing to about 6x pro forma
for the acquisition (but excluding management's adjustments for
expected cost savings) from 2.5x as of Sept. 27, 2015, above our
previous downgrade threshold of 4x, and which we expect to fall
below 5x over the 12 months following the transaction," said
Standard & Poor's credit analyst Christian Frank.

The rating also incorporates the transition risk associated with
implementing aggressive cost reductions and competition from larger
analog peers, but also Microsemi's track record of integrating
acquisitions successfully and its good market position in certain
niche markets.

The stable outlook reflects S&P's expectation that over the 12
months following the acquisition, Microsemi will avoid serious
integration issues, reduce costs, and repay debt such that leverage
falls below 5x.

S&P would consider a higher rating once Microsemi reestablishes
enough balance sheet capacity to pursue its M&A objectives and
absorb an operating downturn while maintaining leverage below 4x.

S&P could lower the rating if integration challenges or a downturn
in end-market demand, precludes the company from reducing leverage
to below 5x over the next 12 to 24 months.



MONAKER GROUP: Obtains $250,000 From Units Offering
---------------------------------------------------
Monaker Group, Inc., closed an offering of an aggregate of 100,000
units to Donald P. Monaco Insurance Trust, an accredited investor,
at a price per unit of $2.50 with each Unit consisting of (i) one
share of the Company's common stock, par value $0.00001 per share,
and (ii) one warrant to acquire one share of Common Stock at an
exercise price of $1.50 per share, for aggregate cash proceeds of
$250,000.  Donald P. Monaco, a member of the Company's Board of
Directors, is the trustee of the Monaco Insurance Trust.

The Warrants issued in the Offering expire on Nov. 24, 2016, may be
exercised on a cashless basis, and contain certain anti-dilution
protection provisions, including those that are triggered upon the
payment by the Company of a stock dividend, if the Company
subdivides or reclassifies its outstanding shares of Common Stock
into a greater number of shares, or if the Company combines or
reclassifies its outstanding shares of Common Stock into a smaller
number of shares.

The Company intends to use the net proceeds of the Offering for
working capital and general corporate purposes, including without
limitation, to purchase assets to enhance the Company's strategy.
The Offering is part of a private placement offering in which the
Company had offered for sale up to 300,000 Units for gross proceeds
of $750,000.  To date, the Company has issued all 300,000 Units for
aggregate cash proceeds of $750,000 with 200,000 Units purchased by
Monaco Investment Partners II, L.P. and 100,000 Units purchased by
the Monaco Insurance Trust.  Mr. Monaco is the managing general
partner of Monaco Investment Partners II, L.P. The private
placement is now terminated.

                         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.


NET ELEMENT: Investors Convert Preferred Shares to Common Shares
----------------------------------------------------------------
Net Element, Inc., certain qualified institutional investors and
certain institutional accredited investors which are party to two
letter agreements, each dated Aug. 4, 2015, entered into amendments
to the Letter Agreements.

Pursuant to the Amendments, the Investors converted all of the
remaining and not yet converted shares of Company's Series A
Convertible Preferred Stock, par value $0.01 per share into shares
of the Company's common stock.  The parties to the Amendments
further agreed that all of the Warrants previously issued by the
Company to the Investors will be terminated and cancelled in
exchange for 2,500,000 in the aggregate of unrestricted shares of
the Company's common stock.  The Investors remain subject to the
same 10% trading volume limitation as currently in place pursuant
to the Letter Agreements.

                       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: Oleg Firer Has 10.3% Stake as of Nov. 30
-----------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Oleg Firer disclosed that as of Nov. 30, 2015, he
beneficially owns 8,615,562 restricted shares of common stock of
Net Element, Inc., representing 10.3 percent of the shares
outstanding.  

As of the Nov. 30, 2015, Star Equities LLC is the beneficial owner
of 5,714,286 restricted shares of Common Stock of the Company.

A copy of the regulatory filing is available at:
  
                      http://is.gd/6g3WFP

                       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.


NII HOLDINGS: Substantial Doubt on Going Concern Ability Remains
----------------------------------------------------------------
NII Holdings, Inc., (NASDAQ: NIHD) is not currently able to
conclude that the circumstances that previously led it to determine
that there is substantial doubt about its ability to continue as a
going concern no longer exist, according to the company's Vice
President, Corporate Controller Timothy M. Mulieri in a regulatory
filing with the U.S. Securities and Exchange Commission on Nov. 5,
2015.

Mr. Mulieri explained, "In connection with the preparation of our
consolidated financial statements for the year ended December 31,
2014, we concluded that the circumstances existing at the time
raised substantial doubt about our ability to continue as a going
concern.

"In connection with our emergence from Chapter 11, we restructured
$4.35 billion of senior notes by distributing cash and issuing
shares of new common stock, resolving the insolvency issues
associated with those obligations.  In addition, we made a number
of changes within our senior management team and modified our
business plan to reflect our available cash resources and the
impact of the current and expected economic conditions in Brazil on
both our subscriber growth and revenues, and to align our costs
with this revised outlook.

"We have an obligation to meet a net debt financial covenant in
Nextel Brazil's local bank loans that will apply semiannually
beginning on June 30, 2016.  Based on our current business plan, we
believe that it is unlikely that we will satisfy the applicable
financial covenant included in both of Nextel Brazil's local bank
loan agreements at the June 30, 2016 measurement date," Mr. Mulieri
pointed out.

"If we are unable to develop or implement changes to our business
that allow us to meet this covenant, we will need to refinance or
negotiate amendments to these financing arrangements or secure
waivers from the lenders in order to avoid a potential default
under the loan agreements.  

"If a default occurs, the lenders could require us to repay the
amounts outstanding under these arrangements, and if they were to
do so, the lender of Nextel Brazil's equipment financing facility
could accelerate the amount outstanding under that obligation as
well.  As of September 30, 2015, we had $230.0 million principal
amount outstanding under Nextel Brazil's local bank loans and
$342.5 million principal amount outstanding under Nextel Brazil's
equipment financing facility.

"In light of the risk of a potential default under Nextel Brazil's
local bank loans and equipment financing facility, we are not
currently able to conclude that the circumstances that previously
led us to determine that there is substantial doubt about our
ability to continue as a going concern no longer exist," Mr.
Mulieri told the SEC.

The company posted a net loss of $189,421,000 for the quarter ended
September 30, 2015 and net loss of $443,447,000 for the same period
in 2014.

At September 30, 2015, the company had total assets of
$2,842,790,000, total liabilities not subject to compromise of
$1,224,206,000, and total stockholders' equity of $1,618,584,000.

A full-text copy of the company's quarterly report is available for
free at:  http://tinyurl.com/jeeogom

NII Holdings, Inc. (NASDAQ: NIHD) provides wireless communication
services under the Nextel(TM) brand in Brazil with its principal
locations located in major business centers and related
transportation corridors.  The company provides services in major
urban and suburban centers with high population densities.

On September 11, 2015, NII Mercosur Telecom, S.L.U. and NII
Mercosur Moviles, S.L.U., both of which are indirect subsidiaries
of NII Holdings, entered into a binding agreement with Grupo Clarin
S.A., or Grupo Clarin, relating to the sale of all of the
outstanding equity interests of Nextel Communications Argentina,
S.R.L., or Nextel Argentina.  This agreement provided for aggregate
cash consideration of $178.0 million.



NINE WEST: S&P Lowers CCR to 'CCC+' & 1st Lien Debt Rating to 'B'
-----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on New York City–based footwear and jeanswear company Nine
West Holdings Inc. to 'CCC+' from 'B-'.  The outlook is negative.

At the same time, S&P lowered its issue-level rating on the
company's secured first-lien debt to 'B' from 'B+'; the recovery
rating is unchanged at '1', indicating substantial (90%-100%)
recovery in the event of a default.  S&P lowered its issue-level
rating on the company's senior unsecured debt to 'CCC+' from 'B-'
and revised the recovery rating to '4' from '3', indicating average
(lower end of 30%-50% range) recovery in the event of a default.
Finally, S&P lowered its issue-level rating on the company's
subordinated debt to 'CCC-' from 'CCC'; the recovery rating is
unchanged at '6', indicating negligible (0%-10%) recovery in the
event of a default.  

"The rating reflects our assessment that Nine West's credit metrics
will remain weak over our forecast horizon, as the company's
operating cash flow is unlikely to recover significantly in the
near term from the weak retail environment and an anticipated weak
holiday season," said Standard & Poor's credit analyst Suyun Qu.
"We forecast adjusted debt-to-EBITDA will be sustained in the low
double-digit area in 2015, and only marginally improve in 2016.
Moreover, we believe that the company will continue to rely on
revolver borrowings to finance its seasonal operational and
investment requirements during the next 12 months, as free cash
flows remain weak."

The outlook is negative, reflecting S&P's expectation that the
company is highly leveraged and its financial commitments could
become unsustainable over the near to medium term in case operating
performance does not substantially improve.  The operational
performance at Nine West continues to be challenged by
restructuring initiatives and product quality issues.  S&P do not
anticipate the last quarter of 2015 encompassing the holiday period
to be strong.

A downgrade could be predicated on a lack of improvement in EBITDA
and cash flows, such that debt to EBTIDA leverage is sustained
around 10x or above, or its reported EBITDA interest coverage
declines below 1x.

S&P could revise the outlook to stable if operating performance
improves such that unadjusted EBITDA interest coverage is sustained
comfortably above 1.5x, which would likely be the result of
improved operating performance and cash flow generation.  For this
to happen, management would need to be successful in lowering the
company's cost base and improving product quality and
attractiveness to grow its topline.



OFFSHORE GROUP: Seeks Joint Administration of Cases
---------------------------------------------------
Offshore Group Investment Limited and its debtor affiliates request
an order from the Bankruptcy Court directing consolidation of their
Chapter 11 cases for procedural purposes only.

"I believe that joint administration of these cases will save the
Debtors and  their estates substantial time and expense because it
will remove the need to prepare, replicate, file, and serve
duplicative notices, applications, and orders," says Christopher G.
Declaire, the chief administrative officer and a co-founder of
Vantage Drilling Company.  "Further, I believe that joint
administration will relieve the Court of entering duplicative
orders and maintaining duplicative files and dockets.  The United
States Trustee for the District of Delaware and other parties in
interest will similarly benefit from joint administration of these
chapter 11 cases, sparing them the time and effort of reviewing
duplicative pleadings and papers," he adds

Bankruptcy Rule 1015(b) provides, in relevant part, that "[i]f ...
two or more petitions are pending in the same court by or against
... a debtor and an affiliate, the court may order a joint
administration of the estates."

The Debtors relate they are affiliates of one another because
Vantage Drilling Company, a non-Debtor, owns or controls, either
directly or indirectly, 100% of the outstanding voting securities
of each of the Debtors, except PT. Vantage Drilling Company
Indonesia, of which Vantage Drilling Company indirectly owns 95% of
the outstanding voting securities.

According to the Debtors, joint administration will not adversely
affect creditors' rights because this Motion requests only the
administrative consolidation of the estates, and does not seek
substantive consolidation.

                      About Offshore Group

Offshore Group Investment Limited, et al., filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Proposed Lead Case No.
15-12421) on Dec. 3, 2015.  Christopher G. DeClaire signed the
petitions as authorized officer.

The Debtors have engaged Weil, Gotshal & Manges LLP as counsel;
Richards, Layton & Finger, P.A. as co-counsel; Lazard Freres & Co.
LLC as investment banker; Alvarez & Marsal North America, LLC, as
restructuring advisor; and Epiq Bankruptcy Solutions, LLC as claims
and noticing agent.

The Debtors are an international offshore drilling company
operating a fleet of modern, high-specification drilling units
around the world.  The Debtors' principal business is to contract
their drilling units, related equipment, and work crews to drill
underwater oil and natural gas wells for major, national, and
independent oil and natural gas companies.


OVERSEAS SHIPHOLDING: S&P Affirms B- Rating on $107MM Unsec. Notes
------------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B-' issue-level
rating on Overseas Shipholding Group's (OSG) $107 million 7.5%
senior unsecured notes due 2021 and 2024.

At the same time, S&P placed its 'B-' issue-level ratings on OSG's
$238 million 8.125% senior unsecured notes due 2018 on CreditWatch
with positive implications following the company's announcement of
a tender offer.

Additionally, S&P affirmed its 'BB-' issue-level ratings on OSG's
credit and term-loan facilities for each of its principal
subsidiaries.  This includes OSG Bulk Ships Inc.'s (OBS; the
domestic business) $75 million asset-based lending (ABL) facility
and $594 million senior secured term loan due 2019 and OSG
International's (OIN; the international business) $50 million
revolving credit facility and $620 million senior secured term loan
due 2019.  S&P's '1' recovery ratings on the facilities remain
unchanged.

If OSG's tender offer is completed as contemplated, S&P anticipates
that it will raise its issue-level rating on the 8.125% senior
unsecured notes to 'BB-' to reflect the decline in the company's
total amount of outstanding senior unsecured debt. S&P also expects
to withdraw its 'B-' rating on OSG's 7.5% senior unsecured notes
once they are repaid.

The company commenced a cash tender offer for up to $119 million in
aggregate principal amount of the 8.125% notes and any and all of
the outstanding 7.5% notes.  Based on S&P's recovery analysis on
OSG's capital structure pro forma for the transaction, it would
likely raise its recovery rating on the company's 8.125% senior
unsecured notes to '1' from '5', indicating S&P's expectation for
very high recovery (90%-100%) in the event of a payment default.
The company expects to finalize the tender settlement on the 8.125%
notes, 7.5% Election I, and 7.5% Election II notes by
Dec. 31, 2015, and the 7.5% notes due 2024 by Jan. 5, 2016.

Although OSG has no immediate plans to separate its business
segments, the company is seeking to amend its notes indenture.  The
proposed amendment would affirm that OIN does not constitute
substantially all of the company's assets, for the purposes of the
restriction in the indenture on the company's ability to dispose of
assets.  The company has indicated the amendment would provide it
with maximum flexibility as it continues to review strategic
alternatives with respect to OIN.

S&P's corporate credit rating and outlook on OSG remain unchanged.
S&P expects the company's debt reduction and its improved, yet
stable, operating performance will result in a funds from
operations (FFO)-to-debt ratio in the high-teens percent area.

It is unlikely that S&P would raise its rating on the company while
it is evaluating strategic alternatives.  Once S&P has more
visibility as to what OSG's ultimate capital structure and business
will look like, it could raise its rating on the company if its
earnings improve such that its FFO-to-debt ratio increased and
remained above 20% for a sustained period.

Although also not expected over the next year, S&P could lower its
ratings on OSG if the company's earnings decline because of
cyclical pressures, causing its FFO-to-debt ratio to decline below
8% for a sustained period.

RECOVERY ANALYSIS

Key Analytical Factors:

   -- S&P's default scenario simulates a payment default in 2018
      caused by intensified rate competition in the domestic and
      international shipping markets and low volumes due to a
      decline in domestic economic activity.

   -- S&P assumes partial redemption of the 8.125% senior notes,
      leaving $119 million of notes outstanding following the
      final tender settlement date of Dec. 28, 2015.

   -- S&P assumes complete redemption of the 7.5% senior notes by
      the final tender settlement date of Jan. 4, 2016.  
      Consistent with S&P's recovery analysis for most shipping
      companies, it assess recovery prospects using a discrete
      asset valuation approach.  In the case of OSG, S&P compares
      each debt instrument with its estimate of the value of the
      assets securing its debt repayment.  S&P then consider the
      excess value in relation to unsecured claims.

S&P also assumed these:

   -- LIBOR increases to 275 basis points;
   -- Cash flow revolver 85% drawn and ABL revolver 60% drawn; and
   -- Administrative claims of 5% of enterprise value.

Simulated Default and Valuation Assumptions:

   -- Simulated year of default: 2018
   -- Methodology used: DAV going-concern

Simplified Waterfall:

   -- Gross enterprise value: $1.511 billion
   -- Administrative expenses: $76 million
   -- Net enterprise value: $1.435 billion
   -- Valuation split (OSG Bulk Ships Inc./OSG
      International Inc.): 42%/58%
   -- Value available to OSG Bulk Ships Inc.: $604 million
   -- ABL Revolver: $46 million
   -- Recovery expectation: 90%-100%
   -- Senior Secured Debt: $593 million
   -- Recovery expectation: 90%-100%
   -- Value available to OSG International Inc.: $832 million
   -- First-out revolver: $44 million
   -- Recovery expectation: 90%-100% Senior
   -- Secured Debt: $620 million
   -- Recovery expectation: 90%-100%
   -- Total unpledged enterprise value: $141 million
   -- Senior Unsecured Debt: $124 million
   -- Recovery expectations: 90%-100%

Note: All debt amounts include six months of prepetition interest.

RATINGS LIST

Ratings Affirmed

Overseas Shipholding Group Inc.
  7.5 % Senior Unsecured nts              B
  Recovery Rating                         5H

OIN Delaware LLC
Senior Secured
  US$628.375 mil term bank ln due         BB-
08/05/2019
  Recovery Rating                         1
  US$50 mil revolving bank ln due         BB-
02/05/2019
  Recovery Rating                         1

OSG Bulk Ships Inc
   Senior Secured
    US$603 mil term bank ln due           BB-
   08/05/2019
   Recovery Rating                        1
   US$75 mil ABL bank ln due 02/05/2019   BB-
    Recovery Rating                       1

Ratings Affirmed; CreditWatch/Outlook Action
                                          To              From
Overseas Shipholding Group Inc.
   8.125% Senior Unsecured nts 2018       B- /Watch Pos   B-
   Recovery Rating                        5H



OXYSURE SYSTEMS: Changes Name to "OxySure Therapeutics, Inc."
-------------------------------------------------------------
Julian Ross, CEO of OxySure reiterated that "the purpose of the
name change is to better reflect the business and industry that the
Company operates in."  Ross also reminded stakeholders that "the
name change also enhances the Company's positioning as it marches
towards a Nasdaq uplisting and develops an institutional
following."

The Company's ticker symbol will remain the same, OXYS, and the
Company's Web site will remain the same, http://www.oxysure.com/

                      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.

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.

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.


PITTSBURG RDA: Fitch Raises Rating $142.3-Mil. TABs to 'BB+'
------------------------------------------------------------
Fitch Ratings has upgraded these ratings of the Successor Agency to
the Redevelopment Agency of the City of Pittsburg, California's
(the agency) tax allocation bonds (TABs):

   -- $117.6 million subordinate TABs series 2004A underlying
      rating to 'BBB-' from 'BB+';

   -- $142.3 million subordinate TABs (taxable) series 2006B and
      subordinate refunding TABs series 2006C and 2008A to 'BB+'
      from 'BB'.

The Rating Outlook is Stable.

SECURITY

The TABs are payable from a subordinate lien on non-housing tax
increment revenues, net of county administrative fees, and are
payable per statute from former housing revenues on a subordinate
basis to housing TABs.  The TABs are additionally secured by
cash-funded debt service reserve funds (DSRF) sized to the IRS
maximum. A supplemental reserve is required per the terms of the
2004A bonds' letter of credit (LOC).

KEY RATING DRIVERS

GROWING ASSESSED VALUE, REDUCED APPEALS: The upgrade is prompted by
continued tax base growth and a reduction in outstanding appeals
amount, resulting in improved coverage ratios.

TAX BASE WEAKNESS: The low rating levels reflect still weak maximum
annual debt service coverage, significant industrial taxpayer
concentration, historically high tax base volatility, and frequent
appeals.

VARIABLE RATE TABS' HIGH CASH RESERVES: The higher rating on the
2004A variable rate TABs is due to the bonds' extremely strong DSRF
levels, sized to $35 million (30% of 2004A par and nearly 3 times
MADS).  Fitch believes these reserves provide bondholders with a
material degree of additional protection against a hypothetical
severe AV stress scenario.

VARIABLE RATE RISK: The LOC has been extended for another year,
with the expectation that all variable rate bonds will be
refinanced and become fixed rate in 2016.


RATING SENSITIVITIES

TAX BASE PERFORMANCE: The ratings may change, depending on the
performance and sustainability of the project area's tax base.

VARIABLE RATE RISKS: The current rating level assumes the agency
can manage its variable rate debt exposure with reasonable costs,
including continued renewal of its LOC.

CREDIT PROFILE

Pittsburg is located in Contra Costa County and benefits from its
location within the large and diverse San Francisco Bay Area
employment market and the presence of several large industrial
enterprises.  Most local economic indicators are weak despite the
city's geographic advantages.  The project area comprises a large
5,750 acres, making up over 70% of the city's fiscal 2015 AV

IMPROVED COVERAGE, REDUCED APPEALS

The project area's fiscal 2016 AV increased a solid 6.5%, following
a 7.9% increase in fiscal 2015.  Recent positive AV performance
increased MADS coverage to 1.2x, a significant improvement from
below 1x in prior years.  Similarly, AV cushion (defined as the
percentage of one-time AV decline that the tax base is able to
withstand while maintaining 1x MADS coverage) rose to a still-low
16% from a barely sufficient 4% in fiscal 2015.

Outstanding appeals dropped to $39 million of potential reduction
in value from $126 million last year, as the local real estate
market recovers.  The estimated AV loss from granted appeals no
longer makes a material difference to coverage ratios.

POSITIVE AV TREND

AV levels in the near future are likely to benefit from increased
construction levels, which could add 2% to AV per year.  New
housing construction is proceeding at a pace of about 200 single
family homes annually.  The city has approved over 2,500 new
housing units within the project area, and expects thousands more
given the availability of vacant land and in-fill development
opportunities.  A portion of anticipated projects are related to a
planned Bay Area Rapid Transit rail extension into the project
area.

Home values are increasing, but growth has slowed, to 11%
year-over-year, compared with 20% a year ago, according to the
Zillow home price index.  AV increases for some of these additions
will be limited to the Prop 13 cap (typically 2% annually), but
resales and properties subject to temporary Prop 8 reductions will
reflect the full appreciation.

TAX BASE WEAKNESS

Despite the positive momentum mentioned above, inherent tax base
weakness remains, evidenced by the relatively late start of AV
recovery, and significant peak-to-trough decline.  AV dropped a
cumulative 20% between fiscal 2008 and fiscal 2013.

In addition, the top 10 taxpayers account for 27% of the AV (29% of
incremental value) and include Calpine power plants (12% of AV),
and industrial properties owned by United Spiral (1%) and Koch
(1%).  Some of the top taxpayers were successful in reducing their
AV through the appeal process.

VARIABLE RATE STRUCTURAL RISKS

The agency is in the process of refinancing almost all of the
agency's outstanding tax allocation bonds.  The refinancing would
eliminate any variable rate debt and related risks.  Until the
refinancing finalizes, Fitch continues to incorporate variable rate
structural risks into its rating.

The 2004A TABs have a variable-to-fixed interest rate swap and make
up 45% of subordinate debt by par value.  Because the variable rate
TABs are secured on a parity lien with the agency's fixed rate
subordinate TABs, the variable rate structure exposes all
subordinate debt to interest rate risk and a potential termination
payment if the swap is terminated.  The swap counterparty may
terminate the swap if the agency's debt is downgraded to below
'BBB-' by S&P, which is the current rating level.  Management
estimates the termination payment at roughly $16.6 million, which
is expected to be paid out from released cash reserve at
refinancing.

The agency is also exposed to LOC renewal and fee hike risks.  The
2004A TABs have an LOC supported by State Street Bank and the
California State Teachers' Retirement System (CalSTRS), which has
been recently extended by another year until Dec. 29, 2016.  An
inability to extend or replace the agency's LOC would result in
conversion of the variable rate TABs to bank bonds, which could
raise interest costs to as high as 12%, adding substantially to
annual interest costs.  Fitch estimates fixed rate TAB debt service
reserves could last approximately four years under these conditions
before depletion, assuming no AV growth.  Due to the 2004As'
out-sized reserve levels and declining projected LOC costs as the
bonds are paid down, these bonds could avoid reserve depletion
through maturity under the same severe conditions.

2004A TABs BENEFIT FROM HIGH RESERVE LEVELS

The 2004A TABs benefit from atypically high cash reserves that
Fitch believes provides bondholders with materially higher credit
quality than the fixed rate reserve levels, substantially
mitigating risks associated with a step-up rate.  In addition to
the standard indenture-required DSRF (currently $8.1 million), the
2004As have a $26.7 million supplemental reserve as a condition of
prior LOC extensions.  Combined, these reserve levels equal $34.8
million, or 30% of the 2004A TABs' outstanding par value.  The
fixed rate TABs also have an LOC-required reserve, but it is
significantly smaller at $5.5 million, and it must be used to
replenish any hypothetical draw-down of the 2004A TAB reserves,
providing limited benefit to the non-2004A TABs.

Historically, the agency only retained one year's worth of debt
service payments rather than the indenture-required two years'
worth, and is now in the process of reaching compliance by
retaining surplus tax increment that otherwise would have been
distributed to overlapping taxing entities or subordinate
pass-through payees.  As a result, the agency projects that already
high cash levels will grow further.



PRECISION OPTICS: Hershey Reports 16.9% Stake as of Dec. 1
----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Hershey Management I, LLC, Hershey strategic capital,
LP and Hershey Strategic Capital GP, LLC disclosed that as of
Dec. 1, 2015, they beneficially own 1,252,980 shares of common
stock of Precision Optics Corporation, Inc., representing 16.9
percent of the shares outstanding.  A copy of the regulatory filing
is available at http://is.gd/HxhC9Z

                     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.


QUIKSILVER INC: Akin Gump Approved as Co-Counsel to Committee
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
the Official Committee of Unsecured Creditors in the Chapter 11
cases of Quiksilver Inc, et al.,, to retain Akin Gump Strauss Hauer
& Feld LLP as co-counsel nunc pro tunc to Sept. 28, 2015.

The Committee, in its motion, stated that from Sept. 11, 2015,
until Sept. 28, Akin Gump rendered professional services to the Ad
Hoc Group to, among other things: review of the Debtors'
debtor-in-possession financing motion, motion to assume the plan
sponsor agreement and motion to pay certain critical vendors.  Akin
Gump was not compensated for any services rendered during the
pre-retention period to the Ad Hoc Group and reserves the right to
file an application with the Court seeking allowance and payment of
compensation for any services rendered during the pre-retention
period pursuant to Bankruptcy Code Section 503(b).

Akin Gump is expected to, among other things:

   (a) advise the Committee with respect to its rights, duties and
powers in the Debtors' chapter 11 cases;

   (b) assist and advise the Committee in its consultations and
negotiations with the Debtors relative to the administration of the
Debtors' chapter 11 cases;

   (c) assist the Committee in analyzing the claims of the Debtors'
creditors and the Debtors' capital structure and in negotiating
with holders of claims and equity interests;

   (d) assist the Committee in its investigation of the acts,
conduct, assets, liabilities and financial condition of the Debtors
and their insiders, and of the operation of the Debtors'
businesses; and

   (e) assist the Committee in its analysis of, and negotiations
with, the Debtors or any third party concerning matters related to,
among other things, the assumption or rejection of certain leases
of non-residential real property and executory contracts, asset
dispositions, financing of other transactions and the terms of one
or more plans of reorganization for the Debtors and accompanying
disclosure statements and related plan documents.

Akin Gump charges these hourly rates for professionals and
paraprofessionals employed in its offices:

   Billing Category                       Range
   ----------------                       -----
   Partners                            $700 – $1,300
   Senior Counsel and Counsel          $545 – $930
   Associates                          $410 – $775
   Paraprofessionals                   $160 – $375

The names, positions and current hourly rates of the Akin Gump
financial restructuring attorneys expected to have primary
responsibility for providing services to the Committee are:

   Michael S. Stamer, partner            $1,250
   Meredith A. Lahaie, partner             $850
   Ashley R. Beane, counsel               $750
   Lauren R. Lifland, associate           $650

In a declaration of Mr. Stamer, a member of Akin Gump, he assured
the Court that Akin Gump is a "disinterested person" as that term
is defined in Section 101(14) of the Bankruptcy Code.

                      About Quiksilver Inc.

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 Debtors' First Amended Joint Chapter 11 Plan of Reorganization
provides that on the effective date, Reorganized Quiksilver will
issue new common stock to be distributed as follows: (a) first, 19%
to holders of Allowed Secured Notes Claims; (b) second, up to 77%
to Rights Offering Participants; and (c) third, 4% to the Backstop
Parties.  As of the Effective Date, the anticipated value of the
New Quiksilver Common Stock will be approximately $276 million.

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.  The Committee tapped Akin Gump
Strauss Hauer & Feld LLP, and Pepper Hamilton LLP as its co-counsel
as co-counsel; Province Inc. as its financial advisor and PJT
Partners Inc. as investment banker.


QUIKSILVER INC: Committee Wants Plan Outline Concerns Resolved
--------------------------------------------------------------
BankruptcyData reported that Quiksilver's official committee of
unsecured creditors filed with the U.S. Bankruptcy Court a
statement related to the Debtors' Disclosure Statement.  

The statement explains, "The Committee expects to resolve fully its
disclosure-related concerns through the inclusion of three inserts
that broadly address the validity of the Debtors': (i) conclusion
regarding Total Enterprise Value; (ii) assumption as to the value
allocable to the Unencumbered Foreign Equity; and (iii) assumption
as to the amount of any diminution claim that may be asserted by
the holders of Secured Notes and granted by this Court. Upon the
inclusion in the Amended Disclosure Statement of the requested
inserts as set forth herein, the Committee does not intend to
object to the adequacy of the Amended Disclosure Statement.

Resolution of the Committee's concerns regarding the adequacy of
the Amended Disclosure Statement does not, of course, resolve the
underlying issues for purposes of confirmation, and the Committee
believes that the Plan in its current form is not confirmable.

The Committee therefore also files the statement to advise the
Court and parties-in-interest that, based on the current facts and
circumstances, the Committee anticipates a heavily contested
confirmation process that will require the Court to determine,
among other things, the appropriate Total Enterprise Value of the
Reorganized Debtors, the value of the Unencumbered Foreign Equity
and the amount of any diminution claim that may be properly
asserted by holders of Secured Notes."

                      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: Cooley Retention as Panel Counsel Ends Sept. 28
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
the Official Committee of Unsecured Creditors in the Chapter 11
cases of Quiksilver Inc, et al.,, to retain Cooley LLP as its
attorneys nunc pro tunc to Sept. 21, 2015, solely for the period
from Sept. 1 to Sept. 28.

The Committee noted that on Sept. 28, 2015, the U.S. Trustee filed
an amended notice of appointment of committee of unsecured
creditors, adding two Committee members: (vi) T. Rowe Price Credit
Opportunities Fund and (vii) Wilfrid Global Opportunity Fund, and
the reconstituted Committee met telephonically and selected new
legal and financial advisors.

To the best of the Committee's knowledge, Cooley is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

                      About Quiksilver Inc.

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 Debtors' First Amended Joint Chapter 11 Plan of Reorganization
provides that on the effective date, Reorganized Quiksilver will
issue new common stock to be distributed as follows: (a) first, 19%
to holders of Allowed Secured Notes Claims; (b) second, up to 77%
to Rights Offering Participants; and (c) third, 4% to the Backstop
Parties.  As of the Effective Date, the anticipated value of the
New Quiksilver Common Stock will be approximately $276 million.

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.  The Committee tapped Akin Gump
Strauss Hauer & Feld LLP, and Pepper Hamilton LLP as its co-counsel
as co-counsel; Province Inc. as its financial advisor and PJT
Partners Inc. as investment banker.


QUIKSILVER INC: Gets Approval to Sell Assets to ColEx for $200K
---------------------------------------------------------------
Quiksilver Inc. received court approval to sell some of its assets
to ColEx Inc. for $200,000.

The order, issued by U.S. Bankruptcy Judge Brendan Shannon, allowed
the company to sell its assets related to the Ampla brand, which
include patents and trademark.

ColEx will also assume certain liabilities of the company,
according to the court filing.  

A copy of Judge Shannon's order is available without charge at
http://is.gd/Q0A6cw
  
                      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.



QUOTIENT LIMITED: Says Expenditure Plans Exceed Cash Holdings
-------------------------------------------------------------
Quotient Limited incurred a net loss of $4,433,000 for the quarter
ended Sept. 30, 2015, compared to a net loss of $11,719,000 for the
same period in 2014.  "The company has incurred net losses and
negative cash flows from operations in each year since it commenced
operations in 2007 and had an accumulated deficit of $88.9 million
as of September 30, 2015.  At September 30, 2015 the company had
cash holdings of $25.7 million and had covenants in place with
lenders to maintain cash holdings above $10 million. Since
September 30, 2015, the company has received proceeds of $21.2
million on the exercise of its IPO warrants, which expired on
October 26, 2015," said Paul Cowan, Quotient chief executive
officer and chairman of the board of directors in a regulatory
filing with the U.S. Securities and Exchange Commission on November
4, 2015.

"The company has expenditure plans over the next fifteen months
that exceed its current cash holdings, raising substantial doubt
about its ability to continue as a going concern," Mr. Cowan
stated.

According to Mr. Cowan, "The company expects to fund its operations
from a combination of funding sources, including through the use of
existing cash balances, product sales, asset sales, the achievement
of product development milestones, the extension or expansion of
its credit facilities and the issuance of new equity.

"The company's Directors are confident in the availability of these
funding sources and accordingly have prepared the financial
statements on the going concern basis.  However, there can be no
assurance that the company will be able to obtain adequate
financing when necessary and the terms of any financings may not be
advantageous to the company and may result in dilution to its
shareholders."

As of September 30, 2015, the company had total assets of
$84,422,000, total liabilities of $74,761,000, and total
shareholders' equity of $9,661,000.   

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/hzr4kwf

Quotient Limited's principal activity is in the development,
manufacture and sale of products for the global transfusion
diagnostics market.  Products produced by the company and its
subsidiaries are sold to hospitals, blood banking operations and
other diagnostics companies worldwide.  The company is
headquartered in Midlothian, United Kingdom.


REEDY GLOBAL: Files for Chapter 11 to Stop Foreclosure
------------------------------------------------------
Vineyard owner Reedy Global Holdings Family LLC sought for Chapter
11 bankruptcy protection, in part, to halt an effort by Farm Credit
Mid-America, FLCA, PCA, to foreclose its interests in both the
Vineyard Property and the Commercial Property of the Debtor and to
implement its plan.

The Debtor owns approximately 540 acres of farmland located in the
mountains just outside of Kingsport, Tennessee.  The Debtor
acquired the bulk of the Vineyard Property between 2007 and 2008
with the proceeds from an initial loan provided by SunTrust Bank.
The Loan was subsequently refinanced by Farm Credit.

Reedy Global said the extended period of record low temperatures in
the winters of 2014 and 2015 did substantial damage to its grape
crop and as a result, the Debtor has been unable to generate any
income from the sale of grapes over the last two years, which has
had a corresponding impact on its ability to make payments against
the Farm Credit obligations.

During the summer of 2015, the Debtor approached Farm Credit
concerning a further restructuring of the outstanding debt, which
Farm Credit asserted stood at approximately $9,000,000.  In
exchange for an initial forbearance period, the Debtor proposed a
significant payment against outstanding interest, funded by a
contribution from the Debtor's principals, and an aggressive
marketing and sales effort with its goal a sale of the Commercial
Property, with the proceeds to be applied against the outstanding
debt.  Further, the Debtor proposed a plan, supported by pro
formas, that demonstrated that the Vineyard Property would return
to production and profitability in less than 24 months, keyed by
the replanting of vines resistant to any further weather-related
events, and especially the type of cold weather events that caused
the crop failures in 2014 and 2015.

Those negotiations collapsed in November, and Farm Credit sought
foreclosure of its interests in both the Vineyard Property and the
Commercial Property.

                      About Reedy Global

Reedy Global Holdings Family LLC filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Tenn. Case No. 15-51795) on Nov. 30, 2015.
Kimberley D. Rhoton signed the petition as trustee for the Addston
T. Reedy Irrevocable Trust.  The Debtor listed total assets of
$15.06 million and total debts of $9.35 million.  Baker, Donelson,
Bearman, Caldwell & Berkowitz, P.C., represents the Debtor as
counsel.  Judge Marcia Phillips Parsons is assigned to the case.


REEDY GLOBAL: Files Schedules of Assets and Liabilities
-------------------------------------------------------
Reedy Global Holdings Family LLC filed with the U.S. Bankruptcy
Court for the District of Tennessee its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $15,009,000
  B. Personal Property               $54,000
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $9,134,242
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $48,712
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $168,656
                                 -----------      -----------
        TOTAL                    $15,063,000       $9,351,611


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

            http://bankrupt.com/misc/tneb15-51795.pdf

                        About Reedy Global

Reedy Global Holdings Family LLC filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Tenn. Case No. 15-51795) on Nov. 30, 2015.
Kimberley D. Rhoton signed the petition as trustee for the Addston
T. Reedy Irrevocable Trust.  The Debtor listed total assets of
$15.06 million and total debts of $9.35 million.  Baker, Donelson,
Bearman, Caldwell & Berkowitz, P.C., represents the Debtor as
counsel.  Judge Marcia Phillips Parsons is assigned to the case.



REEDY GLOBAL: Wants to Use Farm Credit's Cash Collateral
--------------------------------------------------------
Reedy Global Holdings Family LLC, owner of a vineyard in the State
of Tennessee, seeks authority from the Bankruptcy Court to use cash
collateral in which Farm Credit Mid-America, FLCA, PCA may have an
interest, in order to fund basic operations.

The Debtor owns approximately 540 acres of farmland located in the
mountains just outside of Kingsport, Tennessee.  Outside of grape
production, the properties produce minimal income.  Presently, the
only source of income arises from rent payments from lessees
utilizing portions of the real property, one for a mulch business,
the other for a cattle operation.  Those tenants generate monthly
rental payments in the amount of $3,500.  The Debtor believes that
Farm Credit asserts or will assert an interest in the Rents.

The Debtor seeks to provide adequate protection with the "equity
cushion" in its real property.  Based on the appraisals for the
Vineyard Property and Commercial Property, the Debtor said there is
a substantial $6,000,000 "equity cushion" in the value of the its
fixed assets that provides Farm Credit with adequate protection.
Additionally, the Debtor said Farm Credit's interest in the Rents
will be adequately protected by its use of the Rents for
property-related and property-preserving expenses.

                        About Reedy Global

Reedy Global Holdings Family LLC filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Tenn. Case No. 15-51795) on Nov. 30, 2015.
Kimberley D. Rhoton signed the petition as trustee for the Addston
T. Reedy Irrevocable Trust.  The Debtor listed total assets of
$15.06 million and total debts of $9.35 million.  Baker, Donelson,
Bearman, Caldwell & Berkowitz, P.C., represents the Debtor as
counsel.  Judge Marcia Phillips Parsons is assigned to the case.


RESTAURANTS ACQUISITION: Files for Chapter 11 to Reorganize
-----------------------------------------------------------
Restaurants Acquisition I, LLC, sought for Chapter 11 bankruptcy
protection in Delaware on Dec. 2, 2015, listing total assets of
$8.5 million against total liabilities of $12.5 million.

"As a result of the Debtor's liquidity crisis, coupled with its
inability to attract new capital, achieve recapitalization of
existing debt or sell the Debtor or its assets, the Debtor
determined that a reorganization under chapter 11 of the Bankruptcy
Code is the best way to maximize its value for its stakeholders
while, at the same time, preserve the jobs of the vast majority of
its employees," said Craig Barber, president of Restaurants
Acquisition.

The operator of a chain of full-service restaurants under the
trade-names Black-eyed Pea and Dixie House intends to reorganize
itself around profitable stores for the benefit of its creditors.

Due to its lack of liquidity and its inability to attract new
capital, the Debtor has not been able to maintain all of the
Prepetition Stores.  As of the Petition Date, the Debtor has ceased
operations at and closed 15 of its prepetition stores, though it is
currently locked out of one of these Core Stores by its landlord
for non-payment of rent.

According to Mr. Barber, the decline in the Debtor's financial
performance began in late 2013 when a dispute between the Company
and its former credit card processor arose.  This event coupled
with the December 2013 weather had a negative impact on the
Debtor's revenues and cash flow.

As a direct result of these events, store level cash flow before
occupancy declined from $8.5 million in fiscal year 2013 to $7.2
million in fiscal year 2014 and $6.7 million for the trailing
thirteen periods ending Sept. 6, 2015.  At the same time, the
Debtor's occupancy costs increased from 10.8% of revenues in fiscal
year 2012 to 12.8% of revenues in fiscal year 2014, further eroding
the Debtor's profitability.  Under these circumstances, despite the
Debtor's best efforts, the Debtor began to fall behind on its
obligations to creditors.

As of the Petition Date, approximately $1.75 million was due and
owing to various landlords for the pre-petition period associated
with RAI Prepetition Stores.  The Debtor's liquidity crisis also
caused it to fall behind on its payments to various taxing
authorities, including, but not limited to, the Federal
Government.

Prior to the Petition Date, the Debtor engaged investment bankers
to address a recapitalization or sale of the Debtor.  The Debtor
received no offers as a result of this process.  

The Debtor hopes that the Chapter 11 case and the protections the
Bankruptcy Code affords to landlords will encourage those landlords
that have locked the Debtor out of any Core-Stores to re-engage in
discussions with it so that these stores may be re-opened during
the Chapter 11 case or upon the Debtor's exit from Chapter 11 as a
reorganized company with a healthy balance sheet.

                  About Restaurants Acquisition

Restaurants Acquisition I, LLC filed a Chapter 11 bankruptcy
petition (Bankr. D. Del. Case No. 15-12406) on Dec. 2, 2015.
The petition was signed by Craig W. Barber as president.  Duane
Morris LLP represents the Debtor as counsel.

The Debtor operates a chain of full-service restaurants throughout
Texas, largely located in the Dallas-Fort Worth and Houston
metropolitan area, operating under the trade-names Black-eyed Pea
and Dixie House.  Through its restaurants, the Debtor also provides
its customers and patrons with on and off premises dining along
with catering services.

The Debtor's debt obligations consist of approximately $2.44
million in loans under a secured credit agreement with CNL
Financial Group, Inc., approximately $1.42 million in loans
owed to Grove Family Investments, L.P., approximately $850,000 owed
to American Express Bank, FSB, under a business and loan
security agreement and approximately $2.17 million in trade debt.

As of the Petition Date, the Debtor estimates that it has
approximately $3.92 million of unsecured trade debt and other
outstanding operating expenses, including, but not limited to,
rent, general operating payables and past-due taxes.


RESTAURANTS ACQUISITION: Hires BMC as Claims and Noticing Agent
---------------------------------------------------------------
Restaurants Acquisition I, LLC, seeks permission from the
Bankruptcy Court to employ BMC Group, Inc. as its claims and
noticing agent, effective nunc pro tunc to the Petition Date, to
help manage claims and noticing tasks with respect to the
approximately 3,000 notice parties that are expected to be involved
in its Chapter 11 case.

BMC's current hourly rates are:

  Noticing Management
  -------------------
  Data Entry/Call Center/Admin. Support    $25/$45/65
  Analysts                                 $85
  Noticing Manager                         $100

  Project Management
  ------------------
  Analysts                                 $85-$110
  Consultants - Directors                  $125-$185
  Principals                               $200-$225

Prior to the Petition Date, the Debtor provided BMC a retainer in
the amount of $10,000.  BMC seeks to first apply the retainer to
all prepetition invoices, and thereafter, to have the retainer
replenished to the original retainer amount, and thereafter, to
hold the retainer under the Engagement Agreement during the Chapter
11 Case as security for the payment of fees and expenses incurred
under the Engagement Agreement.

The Debtor requests that the undisputed fees and expenses incurred
by BMC in the performance of the services be treated as
administrative expenses of the Debtor's estate and be paid in the
ordinary course of business without further application to or order
of the Court.

The Debtor has agreed to indemnify, defend and hold harmless BMC
and its members, officers, employees, representatives, and agents
under certain circumstances specified in the Engagement Agreement.

BMC represents that is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code with respect to
the matters upon which it is engaged.

                   About Restaurants Acquisition

Restaurants Acquisition I, LLC filed a Chapter 11 bankruptcy
petition (Bankr. D. Del. Case No. 15-12406) on Dec. 2, 2015.
The petition was signed by Craig W. Barber as president.  The
Debtor estimated assets of $1 million to $10 million and
liabilities of $10 million to $50 million.  Duane Morris LLP
represents the Debtor as counsel.

The Debtor operates a chain of full-service restaurants throughout
Texas, largely located in the Dallas-Fort Worth and Houston
metropolitan area, operating under the trade-names Black-eyed Pea
and Dixie House.  Through its restaurants, the Debtor also provides
its customers and patrons with on and off premises dining along
with catering services.


RESTAURANTS ACQUISITION: Proposes to Pay $1.5M to Critical Vendors
------------------------------------------------------------------
Restaurants Acquisition I, LLC, seeks authority from the Bankruptcy
Court to pay critical vendor claims, whether arising pre-petition
or postpetition, up to a maximum aggregate amount of $1,462,523, to
ensure the continued receipt of goods and services.

In the ordinary course of business, the Debtor engages various
service providers, goods providers, and other vendors in connection
with its operations, the absence of which will
threaten the Debtor's ongoing restaurant operations.  The Debtor
asserts that without the goods and services provided by certain of
these vendors, its restaurants and operations as a whole will
suffer immediate and irreparable harm.

"It is essential that the Debtor be able to maintain its business
relationships with, and honor outstanding payment obligations to,
certain key vendors and service providers in light of the role that
they play in the Debtor's continuation of its business," says
Sommer L. Ross, Esq., at Duane Morris LLP, attorney for the
Debtor.

The Debtor further requests that it be authorized to condition, in
its sole discretion, the payment of a Critical Vendor Claim on the
agreement of the Critical Vendor to continue supplying goods and
services to the Debtor on (a) terms that are as, or more, favorable
to the Debtor as the most favorable trade terms, practices, and
programs in effect between the Critical Vendor and the Debtor in
the six months prior to the Petition Date or (b) such other trade
terms as are agreed to by the Debtor and the
Critical Vendor.

                    About Restaurants Acquisition

Restaurants Acquisition I, LLC filed a Chapter 11 bankruptcy
petition (Bankr. D. Del. Case No. 15-12406) on Dec. 2, 2015.
The petition was signed by Craig W. Barber as president.  The
Debtor estimated assets of $1 million to $10 million and
liabilities of $10 million to $50 million.  Duane Morris LLP
represents the Debtor as counsel.

The Debtor operates a chain of full-service restaurants throughout
Texas, largely located in the Dallas-Fort Worth and Houston
metropolitan area, operating under the trade-names Black-eyed Pea
and Dixie House.  Through its restaurants, the Debtor also provides
its customers and patrons with on and off premises dining along
with catering services.


RESTAURANTS ACQUISITION: To Reject Leases for 13 Non-Core Stores
----------------------------------------------------------------
Restaurants Acquisition I, LLC, seeks permission from the
Bankruptcy Court to reject 13 real estate leases with the following
counterparties:

   * Steger Towne Crossing II, L.P.

   * Buena Vista Plaza, LLC

   * Dina Rickard, Trustee to the Dina Rickard
     Revocable Trust under Trust Declaration
     dated August 21, 2000

   * FFCA Acquisition Corporation
  
   * CPZ Northway, LLC

   * Southridge Lot 1D Partners, Ltd.

   * RPI Bryant Irvin, Ltd

   * Captec Franchise Capital Partners L.P. III

   * Bank One Trust Co., Walter C. Richburg, as
     Trustee of the Arabel Rowe Dunbar
     Testamentary Trust dated 11/29/82

   * LCSSC, Ltd.

   * Jones 1960 Crossroads LLC

   * OKRA Properties Joint Venture

   * U.S. Restaurant Properties

The Debtor intends to reject the leases for the Non-Core Stores as
the occupancy and other overhead costs of the Non-Core Stores
impose a substantial financial burden on it of approximately
$80,000 per month.  The Debtor says it has closed and vacated each
of the Non-Core Stores prior to the Petition Date in order to
reduce or eliminate unnecessary overhead costs and other operating
losses.  

Prior to the Petition Date, the Debtor operated 30 restaurant
locations throughout Texas.  The Debtor is the lessee of 27 of the
Prepetition Store locations.  Two of the Prepetition Store
locations are leased by the Debtor's non-debtor affiliate Texas
Pea, LLC.  The remaining Prepetition Store location is leased by
BEP America, LLC.  The Debtor operates the Texas Pea and BEP
America Stores pursuant to operating agreements with each of Texas
Pea and BEP America.

The Debtor has closed and vacated 15 Prepetition Stores (the
"Non-Core Stores").  The Debtor continues to operate of the
Prepetition Stores (the "Core Stores"), though it is currently
locked out of one of these Core Stores.  Accordingly, as of
Petition Date, the Debtor has 13 open restaurants operating under
trade-name Black-eyed Pea and one operating under the trade-name
Dixie House.

                  About Restaurants Acquisition

Restaurants Acquisition I, LLC filed a Chapter 11 bankruptcy
petition (Bankr. D. Del. Case No. 15-12406) on Dec. 2, 2015.
The petition was signed by Craig W. Barber as president.  The
Debtor estimated assets of $1 million to $10 million and
liabilities of $10 million to $50 million.  Duane Morris LLP
represents the Debtor as counsel.

The Debtor operates a chain of full-service restaurants throughout
Texas, largely located in the Dallas-Fort Worth and Houston
metropolitan area, operating under the trade-names Black-eyed Pea
and Dixie House.  Through its restaurants, the Debtor also provides
its customers and patrons with on and off premises dining along
with catering services.


RESTAURANTS ACQUISITION: Wants Feb. 2 Deadline to File Schedules
----------------------------------------------------------------
Restaurants Acquisition I, LLC, asks the Bankruptcy Court to
(i) extend the time within which it must file its (a) statement of
financial affairs, (b) schedule of assets and liabilities, (c)
schedule of current income and expenditures, and (d) schedule of
executory contracts and unexpired leases through and including Feb.
2, 2016.

The Debtor relates it has begun compiling the information required
to complete its Schedules and Statements.  Nevertheless, as a
consequence of the complexity of the Debtor's business operations,
coupled with the limited time and resources available, the Debtor
has not yet finished gathering such information.

"Given the numerous critical operational matters that the Debtor's
accounting and legal personnel must address in the early days of
this Chapter 11 Case, and the volume of information that must be
reviewed, prepared, and included in its Schedules and Statements,
the Debtor anticipates that it will be unable to complete its
Schedules and Statements within the time required under Bankruptcy
Rule 1007 and Local Rule 1007-1(b)" says Sommer L. Ross, Esq., at
Duane Morris LLP, counsel for the Debtor.

According to Mr. Ross, the Debtor has limited staff available to
perform the required internal review of the financial records and
affairs.

                  About Restaurants Acquisition

Restaurants Acquisition I, LLC filed a Chapter 11 bankruptcy
petition (Bankr. D. Del. Case No. 15-12406) on Dec. 2, 2015.
The petition was signed by Craig W. Barber as president.  The
Debtor estimated assets of $1 million to $10 million and
liabilities of $10 million to $50 million.  Duane Morris LLP
represents the Debtor as counsel.

The Debtor operates a chain of full-service restaurants throughout
Texas, largely located in the Dallas-Fort Worth and Houston
metropolitan area, operating under the trade-names Black-eyed Pea
and Dixie House.  Through its restaurants, the Debtor also provides
its customers and patrons with on and off premises dining along
with catering services.


ROSETTA GENOMICS: Amends Series B Warrants
------------------------------------------
On Oct. 13, 2015, Rosetta Genomics Ltd. entered into a Securities
Purchase Agreement, pursuant to which Rosetta agreed to sell
securities to various accredited investors in a private placement
transaction.  The Private Placement closed on Oct. 15, 2015.

Pursuant to the terms of the Securities Purchase Agreement, the
Purchasers were issued partially pre-funded Series B Warrants.  The
Series B Warrants have an exercise price of NIS 0.6 (which has been
prepaid) plus $0.0001 per share, and, pursuant to their terms,
became exercisable for an aggregate of 2,666,667 of the Company's
ordinary shares as of Nov. 25, 2015.  The Series B Warrants as
issued were exercisable for 60 days following the effective date of
the resale registration statement on Form F-3 that the Company was
required to file to cover the resale of the securities issued in
the Private Placement.  The Resale Registration Statement was
declared effective by the SEC on
Nov. 10, 2015.

On Nov. 30, 2015, the Company and certain Purchasers agreed to
amend the Series B Warrants to extend the exercise period until 120
days following the effective date of the Resale Registration
Statement.

                           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: Reports Third Quarter 2015 Financial Results
--------------------------------------------------------------
Rosetta Genomics Ltd. reported a net loss of $3.93 million on $2.43
million of revenues for the three months ended Sept. 30, 2015,
compared to a net loss of $3.36 million on $273,000 of revenues for
the same period last year.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $10.6 million on $4.71 million of revenues compared to
a net loss of $10.54 million on $827,000 of revenues for the same
period a year ago.

As of Sept. 30, 2015, the Company had $19.8 million in total
assets, $2.63 million in total liabilities and $17.2 million in
total shareholders' equity.

Management Commentary

"During recent months we continued to make meaningful progress
integrating the PersonalizeDx acquisition, growing top-line
results, expanding our high-value molecular diagnostics offerings
with important product launches, upgrading our sales and
reimbursement infrastructure and strengthening our balance sheet,"
stated Kenneth A. Berlin, president and chief executive officer of
Rosetta Genomics.

"The third quarter of 2015 was the first full quarter of
PersonalizeDx being part of Rosetta Genomics and we had strong
revenue growth from our two lines of business, namely solid tumor
testing services and urologic cancer testing services.

"Throughout the third quarter and recent weeks we have been focused
on the preparation and launch of RosettaGX Reveal, our
microRNA-based assay for the classification of indeterminate
thyroid nodules.  We are particularly excited about the positive
performance data from our blinded validation study of RosettaGX
Reveal as these data demonstrate exceptional clinical performance
when compared with the current market leader.  The ability to run
RosettaGX Reveal on cytology slides is important because working
off the same slides created to perform the initial diagnoses
eliminates the inconvenience and risks associated with additional
fine needle passages into the patient's neck that are required by
other assays.  We have already begun to receive and process
commercial samples at our Philadelphia laboratory and have reported
our results on these first orders with very positive feedback from
clinicians.  Moving forward, our plan is to leverage our solid
tumor sales force as well as a dedicated group of thyroid sales
specialists to call on endocrinologists and cytopathologists to
form a third business segment with high-growth potential.  Given
its high negative predictive value, health economic benefit and
added convenience of working on cytology slides, we expect
RosettaGX Reveal to gain significant traction into a market valued
at $350 million annually in the U.S.

"When issued, our new U.S. patent in prostate cancer will fortify
our leadership in microRNA technology and expand our footprint in
urological cancers.  Through PersonalizeDx we offer FISH, IHC and
PCR-based testing capabilities in urologic and other cancers, which
provide content and platforms that complement our microRNA
offerings to provide clinicians with valuable information to guide
treatment decisions.  This patent is important as this biomarker,
which is over-expressed in primary prostate tumors, could be used
as both a prognostic tool and as a therapeutic target for prostate
cancer.  We continue to explore opportunities to monetize our broad
intellectual property portfolio in microRNA-based diagnostics and
therapeutics.

"We were particularly pleased with the recent Clinical Lab Fee
Schedule (CLFS) posted by the Centers for Medicare and Medicaid
Services (CMS) for 2016, which reverses some of the unfavorable
features of the original CLFS draft proposal.  Importantly, the
final fees provide a long overdue correction to FISH reimbursement,
which includes a 92% increase in allowable reimbursement for our
most common solid tumor FISH procedures, which account for
approximately 20% of our current testing revenue.  These and other
favorable fee schedules are encouraging and should continue to
enhance both the amount and timing of payments for our testing
services in 2016.

"As we look toward 2016, Rosetta Genomics is fundamentally stronger
and better positioned for success, and we look forward to achieving
a series of value-creating milestones," concluded Mr. Berlin.

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

                       http://is.gd/UQtOdb
  
                           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.

                        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: Shareholders OK All Proposals at Annual Meeting
-----------------------------------------------------------------
Rosetta Genomics Ltd. held its annual general meeting of
shareholders on Dec. 3, 2015, at which the Shareholders:

  (1) approved the re-election of Dr. David Sidransky to serve as
      a Class II director of the Company for a 3-year term
      commencing on the date of his election at the Annual Meeting
      and until the Annual General Meeting of the Company's
      shareholders to be held in 2018 in accordance with the
      Company's Articles;

  (2) approved a grant to Dr. David Sidransky of an option to
      purchase up to 24,000 of the Company's ordinary shares,
      nominal (par) value NIS 0.6 each;

  (3) approved the re-election of Mr. Joshua Rosensweig to serve
      as a Class II director of the Company for a 3-year term
      commencing on the date of his election at the Annual Meeting
      and until the Annual General Meeting of the Company's
      shareholders to be held in 2018 in accordance with the
      Company's Articles of Association;

  (4) approved the re-appointment of Kost, Forer, Gabbay &
      Kasierer, a member firm of Ernst & Young Global, as the
      Company's independent registered public accounting firm for
      the fiscal year ending Dec. 31, 2015, and until the next
      Annual General Meeting, and authorized the Audit Committee
      and the Board of Directors of the Company to determine the
      remuneration of KFGK in accordance with the volume and
      nature of their services;

  (5) approved the addition of 500,000 Ordinary Shares to the
      shares authorized for issuance under the Company's 2006
      Employee Incentive Plan (Global Share Incentive Plan (2006))

      so that the total number of Ordinary Shares authorized for
      issuance under the GSIP will equal 2,303,739;

  (6) approved an amendment to the employment terms for Mr. Ken
      Berlin, the chief executive officer of the Company;

  (7) approved for Mr. Ken Berlin, the chief executive officer of
      the Company, a grant of options to purchase up to 220,000
      Ordinary Shares of the Company at an exercise price per
      share equal to the closing price on the date of the approval
      of such grant by the Company's Shareholders, with 25% of the
      grant vesting at the first anniversary of the grant and then
      in equal installments each quarter during the next two years
     (altogether the vesting period shall be three years), unless
      it expires earlier in accordance with the terms of the
      Company's GSIP, and (ii) 45,000 Restricted Stock Units
      which will vest one year after the approval of the grant by
      the shareholders; and

  (8) approved an increase of the Company's registered
     (authorized) share capital and the corresponding amendment to
      the Articles, all as described in the accompanying proxy
      statement.

Following the Annual Meeting, the Board consists of the following
members:

   * Class I: Mr. Brian A. Markison and Dr. Yitzhak Peterburg
     serve as a Class I directors, with a term to expire at the
     annual general meeting of shareholders to be held in 2017;

   * Class II: Dr. Joshua Rosensweig and Dr. David Sidransky serve
     as Class II directors, with terms to expire at the annual
     general meeting of shareholders to be held in 2018; and

   * Class III: Mr. Roy N. Davis serves as a Class III director,
     with a term to expire at the annual general meeting of
     shareholders to be held in 2016.

In addition, two external directors, Gerald Dogon and Tali
Yaron-Eldar, were appointed by Rosetta's shareholders on Aug. 5,
2013, for three-year terms.

                          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.


SEACOR HOLDINGS: Fitch Lowers Issuer Default Rating to 'B'
----------------------------------------------------------
Fitch Ratings has downgraded SEACOR Holdings Inc.'s (SEACOR; NYSE:
CKH) long-term Issuer Default Rating to 'B' from 'B+'.  The Rating
Outlook is Stable.

The downgrade reflects increases in both consolidated and
stand-alone leverage metrics above previous negative sensitivity
levels, driven by the $175 million issuance of non-recourse debt at
SEACOR Marine Holdings, Inc., a wholly-owned subsidiary.  Fitch's
base case forecasts that SEACOR's leverage profile will remain
above 6.0x, excluding non-recourse SEA-Vista debt, for the next few
years.

Fitch assumes that Marine Holdings will be run primarily as a
stand-alone entity.  Accordingly, Fitch does not assume any
recurring distributions up to SEACOR from Marine Holdings, with a
subsequent negative effect on stand-alone leverage metrics at
SEACOR.  Management indicated the potential for a spin-off of
Marine Holdings, which, while not a key factor in the downgrade,
highlights the potential for a reduction in the amount of, and
diversification of, cash flow available for debt service at SEACOR.


Approximately $791 million of senior unsecured debt, excluding the
outstanding non-recourse SEA-Vista, debt and Marine Holdings, and
other debt, is affected by today's rating action.

KEY RATING DRIVERS

The ratings reflect the company's asset quality and favorable fleet
renewal strategy, size, and diversity of vessel operations that
support offshore drilling and transport commodities domestically,
internationally, and along inland river systems, among other
waterborne activities.  These positives are offset by the continued
softening offshore support vessel market environment (which
historically contributed roughly 50% of consolidated EBITDA), the
influence a persistently weak commodity pricing environment will
have on production-linked vessel activity, and continued
shareholder-friendly initiatives.

SOFTENING OFFSHORE OILFIELD SERVICES MARKET

Offshore rig demand will be softer over the medium term as
exploration & production companies continue to focus on living
within cashflows and, in some cases, preserving shareholder
friendly activities.  The reduced offshore activity can be observed
in SEACOR's lower average utilization (65% during the first nine
months of 2015 versus 79% for the same period in 2015) and day
rates ($13,708 versus $15,202), excluding wind farm utility
vessels.  Fitch believes that higher quality assets will be best
positioned to find work during and after the cycle. SEACOR's
favorable fleet renewal strategy of continually building, trading,
and upgrading vessels to maintain a young, high-grade fleet should
position it well.  However, Fitch anticipates that offshore rig
demand could lag a recovery to supportive oil price levels
(estimated at $65-$70/barrel for deepwater) by at least six to 12
months.  Fitch currently views the offshore market inflection point
to be late 2017/early 2018 with more robust Offshore Marine
Services results not likely to happen until after that point.

VESSEL DIVERSIFICATION PROVIDES COUNTERBALANCE

SEACOR has benefited from its vessel diversification, which has
helped to offset weaker Offshore Marine Services results.  The
Inland River Services segment has experienced stronger results due
to robust crop yields and heightened petroleum movements given
pipeline and railway constraints, while the Shipping Services
segment has been buoyed by strong demand for U.S.-flagged product
tankers.  Fitch believes that the company's vessel diversification
should continue to be a counterbalance, but weak commodity prices
could act as a headwind to production-linked vessel activity.
Further, a change in production and consumption dynamics, such as a
reduction in crop exports and alleviation of crude transport
bottlenecks, could moderate business prospects.

In addition to vessel diversification, the company continues to
realize robust corn-based alcohol results that have helped to
further offset the decline in Offshore Marine Services results.
Fitch does not anticipate this trend to persist and expects lower
segment results over the rating horizon.

LEVERAGE PROFILE PRESSURE FORECASTED

Fitch's base case forecasts consolidated debt to increase over the
next couple years to fund capital commitments.  These commitments
are largely comprised of the three Jones Act newbuilds to be funded
by the company's non-recourse SEA-Vista affiliate.  Fitch expects
SEACOR's standalone capital spending, excluding opportunistic
acquisitions in the Offshore Marine Services segment to remain
manageable over the medium term with funding mainly coming from
non-debt sources.

Leverage metrics are anticipated to be pressured by weaker EBITDA
and cash flow results with debt/EBITDA metrics, excluding SEA-Vista
debt, forecast to be 7.2x and 8.8x in 2016 and 2017, respectively.
Importantly, the Fitch base case assumes capital spending is
rationalized, asset sales are executed at lower than historical
levels, and shares are repurchased at a healthy pace with gross
debt levels and unrestricted cash balances remaining relatively
unchanged.  Fitch's base case projects net debt/EBITDA, excluding
non-recourse SEA-Vista debt, to be around 2.5x over the same
period.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for SEACOR include:


   -- Continued weakness in utilization and day rates in the
      Offshore Marine Services segment until an estimated market
      inflection point in late 2017/early 2018,

   -- Flat results in Inland River Services segment;

   -- Shipping Services segment cash flow growth continues given
      the delivery of SEA-Vista newbuilds in 2016 and 2017;

   -- Illinois Corn Processing margins revert to mean levels
     resulting in more modest cash flow contributions;

   -- Annual asset sales of $75 million compared to a historical
      average of around $200 million;

   -- Capital spending forecast to be generally balanced with cash

      flow and asset sales. Near-term capital commitments weighted

      toward SEA-Vista newbuilds to be funded with non-recourse
      affiliate debt;

   -- Share buybacks are assumed to moderate to retain adequate
      liquidity.

RATING SENSITIVITIES

Positive: Future developments that may, individually or
collectively, lead to a positive rating action include:

   -- Improvements in the offshore oil & gas market that improve
      utilization and day rates in Offshore Marine Services;

   -- Continued execution of management's favorable fleet strategy

      that maintains manageable balance sheet and lease adjusted
      debt metrics;

   -- Maintenance of financial flexibility and balanced approach
      to shareholder initiatives;

   -- Mid-cycle debt/EBITDA, excluding non-recourse SEA-Vista
     debt, around 5.0x on a sustained basis.

Fitch believes positive rating actions are unlikely over the near
term given the expected market headwinds for offshore support
vessels and forecasted leverage profile.

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

   -- Prolonged commodity market downcycle that materially weakens

      the utilization and day rate outlook;

   -- Robust asset-level financing structures that lead to a
      dilution of asset quality and heighten cash flow risks;

   -- Heightened level of share repurchases and/or commencement of

      dividend payments inconsistent with the expected cash flow
      profile;

   -- Mid-cycle debt/EBITDA, excluding non-recourse SEA-Vista
      debt, above 7.5x on a sustained basis.

Rating actions will be closely linked to management's ability to
manage its leverage profile and maintain financial flexibility in a
softening offshore support vessel market environment.

ADEQUATE NEAR-TERM LIQUIDITY POSITION

As of Sept. 30, 2015, SEACOR had cash and equivalents, restricted
cash, marketable securities, and construction and Title XI reserve
funds of $741.9 million, $253.5 million of which is comprised of
restricted construction and Title XI reserve funds.  The company
terminated its revolving credit facility in August 2013.  Fitch
does not view the lack of a credit facility as a near-term
liquidity concern given the heightened levels of cash and
equivalents.  Fitch expects, however, that the company will manage
operations and maintain a balanced financial polity that preserves
substantial cash reserves ensuring adequate liquidity.

MANAGEABLE NEAR-TERM MATURITIES PROFILE

The company has modest scheduled annual maturities through 2018
that represent principal repayments on asset-specific mortgages,
among other indebtedness.  The most significant scheduled maturity
over the next five years is the remaining $211 million in 7.375%
senior notes due 2019.  Additionally, the first put dates for the
$350 million and $230 million convertible notes are in December
2017 and November 2020, respectively.  The conversion option is
currently out-of-the-money for both convertible notes.

SEACOR is not subject to material financial covenants. Other
customary covenants consist of lien limitations and transaction
restrictions.

FULL LIST OF RATING ACTIONS

Fitch has downgraded these ratings:

SEACOR Holdings, Inc.

   -- Long-term IDR to 'B' from 'B+';
   -- Senior unsecured notes recovery rating to 'B+/RR3' from
      'BB-/RR3'.

The Rating Outlook is Stable.



SEARS HOLDINGS: Incurs $454 Million Net Loss in Third Quarter
-------------------------------------------------------------
Sears Holdings Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to Holdings' shareholders of $454 million on $5.75
billion of merchandise sales and services revenues for the 13 weeks
ended Oct. 31, 2015, compared to a net loss attributable to
Holdings' shareholders of $548 million on $7.20 billion of
merchandise sales and services revenues for the 13 weeks ended Nov.
1, 2014.

For the 39 weeks ended Oct. 31, 2015, the Company reported a net
loss attributable to Holdings' shareholders of $549 million on
$17.84 billion of merchandise sales and services revenues compared
to a net loss attributable to Holdings' shareholders of $1.52
billion on $23.09 billion of merchandise sales and services
revenues for the 39 weeks ended Nov. 1, 2014.

As of Oct. 1, 2015, Sears Holdings had $12.76 billion in total
assets, $14.06 billion in total liabilities and a $1.29 billion
total deficit.

Edward S. Lampert, Holdings' chairman and chief executive officer,
said, "We remain focused on restoring Sears Holdings to
profitability by concentrating on our best stores, rewarding our
best members and pursuing our best categories through innovative
solutions to product and service offerings.  Through deliberate
strategic actions, notably with respect to our promotional design
and marketing spend, we have made meaningful progress in our
transformation and reported a fifth consecutive quarter of improved
year-over-year results.  As expected, the results of these actions
have led to comparable store sales declines despite an increase in
profitability.  At the same time, we recognize a lot of work
remains and we have brought in a number of experienced leaders to
drive our business forward with a plan to win as a member-centric
integrated retailer.  As we head into the fourth quarter, we have
intensified our focus on our product offerings and promotions in
order to enhance member engagement and provide our members with the
best experience possible throughout the holiday shopping season."

Rob Schriesheim, Holdings' chief financial officer, said, "During
2015, we have enhanced Sears Holdings' financial flexibility and
achieved our objective of reducing our reliance on inventory as a
source of financing with the completion of the rights offering and
sale-leaseback transaction with Seritage Growth Properties which
generated $2.7 billion in cash and the amendment and extension of
the Company's $3.275 billion asset-based credit facility.  These
actions helped us reduce our total domestic net debt level by $2.0
billion from the prior year third quarter.  The completion of the
tender offer earlier this quarter for $936 million of our 6 5/8%
Senior Secured Notes will reduce our annualized cash interest
expense by $62 million.  We intend to continue taking significant
actions to alter our capital structure, as circumstances allow, to
position Sears Holdings for success and profitability, which could
include further reductions in debt or changes in the composition of
our debt."

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

                       http://is.gd/gnz6sn

                           About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused
on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

For the year ended Jan. 31, 2015, the Company reported a net loss
attributable to Holdings' shareholders of $1.68 billion compared
to a net loss attributable to Holdings' shareholders of $1.36
billion for the year ended Feb. 1, 2014.

                            *     *     *

Moody's Investors Service in January 2014 downgraded Sears
Holdings Corporate Family Rating to 'Caa1' from 'B3'.  The rating
outlook is stable.

The downgrade reflects the accelerating negative performance of
Sears' domestic business with comparable sales falling 7.4% for
the quarter to date ending January 6th, 2014 compared to the prior
year.  The company now expects domestic Adjusted EBITDA to decline
to a range of ($80 million) to $20 million for the fourth fiscal
quarter, compared with $365 million in the year prior period.  For
the full year, Sears expects domestic Adjusted EBITDA loss between
$(308) million and $(408) million, as compared to $557 million
last year.  Moody's expects full year cash burn (after capital
spending, interest and pension funding) to be around $1.2 billion
in 2013 and we expect Sears' cash burn to remain well above $1
billion in 2014.  "Operating performance for fiscal 2013 is
meaningfully weaker than our previous expectations, and we expect
negative trends in performance to persist into 2014" said Moody's
Vice President Scott Tuhy.  He added "While Sears noted improved
engagement metrics for its "Shop Your Way" Rewards program,
Moody's remains uncertain when these improved engagement metrics
will lead to stabilization of operating performance."

As reported by the TCR on March 26, 2014, Standard & Poor's
Ratings Services affirmed its ratings on the Hoffman Estate, Ill.-
based Sears Holdings Corp., including the 'CCC+' corporate credit
rating.

Fitch Ratings had downgraded its long-term Issuer Default Ratings
(IDR) on Sears Holdings Corporation (Holdings) and its various
subsidiary entities (collectively, Sears) to 'CC' from 'CCC',
according to a TCR report dated Sept. 12, 2014.


SIGNAL INTERNATIONAL: Court OKs Sale of All Assets to TRSA, ERSA
----------------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware authorized the sale of substantially all of Signal
International, Inc., et al.'s assets free and clear of all liens,
claims, encumbrances and interests to buyers Teachers' Retirement
System of Alabama ("TRSA") and Employees' Retirement System of
Alabama ("ERSA").

The Debtors are jointly and severally liable to the Buyers for
prepetition obligations totaling not less than $70,088,952.

The Stalking Horse APA contains, among others, the following
terms:

     (1) Acquired Assets: Include, among others, inventory,
equipment, real property, and vessels.

     (2) Assumed Liabilities: The Buyers will assume and pay or
perform and discharge, among others, the following liabilities of
the Seller: (a) administrative expenses incurred in the ordinary
course of business from the Petition Date through Closing which
remain unpaid as of the Closing, up to an amount not to exceed
$500,000; (b) transfer taxes; (c) contractual liabilities; (d) cure
amounts; (e) transferred employees; (f) benefit plans; (g) real
property; (h) vessels; (i) environmental; and (j) other assumed
liabilities.

     (3) Consideration: consists of (a) cash in the amount of the
Unsecured Creditor Claim Cash, (b) the assumption of the Assumed
Liabilities, and (c) a credit bid against the indebtedness owing
under the DIP Loan Documents and the Pre-Petition Loan Documents in
the amount of $90,620,906.

Christopher S. Cunningham, CFO of each of the Debtors, tells the
Court that the Debtors and the Buyers have acted in good faith. Mr.
Cunningham further tells the Court that the negotiation and
execution of the Purchase Agreement was the product of competitive,
arm's length negotiations between the Debtors and the Purchaser.
He relates that the Debtors entered into the Purchase Agreement and
agreed to pursue the sale process only after thorough examination
of available alternatives, and that the Debtors and the Buyers
expended considerable time and effort in negotiations to reach an
agreement on the terms set forth in the Purchase Agreement.

J. Scott Victor, founding partner and Managing Director of SSG
Advisors, LLC, relates that the Debtors formally retained SSG's
investment banking services, making SSG familiar with the Debtors'
financial condition and business as a result of services provided
to the Debtors before and after the commencement of their chapter
11 cases.  Based on his experience, Mr. Victor believes that the
sale process -- as conducted by SSG and overseen by the Debtors --
was fair and reasonably designed to solicit higher and better
offers.  Mr. Victor further relates that the sale process has the
intended effect of maximizing the value of the acquired assets for
the benefit of all of the Debtors' stakeholders.

                    About Signal International

Signal International Inc. -- http://www.signalint.com/-- primarily
engages in the business of offshore drilling rig overhaul, repair,
upgrade, and conversion, as well as new shipbuilding construction.
Additionally, Signal provides services to the general marine and
heavy fabrication markets for barges, power plants, and modular
construction.  

Signal International, LLC ("SI LLC"), was organized on Dec. 6,
2002, as a limited liability company after acquiring the assets of
the Offshore Division of Friede Goldman Halter from bankruptcy.  SI
Inc. was incorporated on Oct. 12, 2007, and began operations with
offshore fabrication and repair in Mississippi.  Today, Signal's
corporate headquarters are in Mobile, Alabama, with operations in
Alabama and Mississippi, and a sales office in Texas.

On Oct. 3, 2014, Signal International Texas, L.P., sold
substantially all of its assets to Westport Orange Shipyard, LLC,
in a partially seller-financed transaction for a total purchase
price of $35,900,000.  As part of the transaction, Westport
provided a down payment of $7,000,000 and delivered a promissory
note in the principal amount of $28,900,000 to SI Texas due on or
before Oct. 3, 2019 (the "Texas Note").

On July 12, 2015, SI Inc. and its direct and indirect wholly owned
subsidiaries, including SI LLC, commenced cases under chapter 11 of
title 11 of the United States Code (Bankr. D. Del. Lead Case No.
15-11498).

The Debtors tapped Young Conaway Stargatt & Taylor LLP as
bankruptcy counsel, Hogan Lovells US LLP as general corporate
counsel, GGG Partners, LLC, as financial and restructuring
advisors, and Kurtzman Carson Consultants LLC as claims and
noticing agent.

Signal International Inc. estimated $10 million to $50 million in
assets and $50 million to $100 million in debt.

The U.S. Trustee for Region 3 appointed seven creditors to serve on
the official committee of unsecured creditors.



SOLAR POWER: Stockholders Approve Amended Merger Agreement
----------------------------------------------------------
Solar Power, Inc. announced that the proposed merger to reorganize
the Company as a Cayman Islands company has been approved by its
stockholders.

SPI expects the merger to become effective on Dec. 31, 2015,
subject to the satisfaction or waiver of the closing conditions in
the Second Amended and Restated Agreement and Plan of Merger and
Reorganization, dated Oct. 30, 2015, by and among SPI, SPI Energy
and SPI Merger Sub, Inc.

As a result of the merger, SPI Energy, currently a wholly-owned
subsidiary of SPI, will become the parent company of the SPI group
of companies.  It is anticipated that the SPI Energy ADSs will be
quoted on the OTC Markets on Jan. 4, 2016, and that it will qualify
as a "foreign private issuer" under the rules and regulations of
the Securities and Exchange Commission.

Pursuant to the Merger Agreement, each 10 issued and outstanding
shares of the Company's common stock acquired prior to 3:00 p.m.
EST, Nov. 5, 2015, will be converted into the right to receive one
American depositary share, representing ten SPI Energy ordinary
shares; and issued and outstanding shares of the common stock of
the Company acquired after 3:00 p.m. EST, Nov. 5, 2015, will
receive SPI Energy ordinary shares.

SPI and SPI Energy are in the process of applying for listing of
the ADSs with the Nasdaq Capital Market and expect to complete that
process in early 2016.

                        About Solar Power

Roseville, Cal.-based Solar Power, Inc., is a global solar
energy facility developer offering its own brand of high-
quality, low-cost distributed generation and utility-scale SEF
development services.  Primarily, the Company works directly with
and for developers around the world who hold large portfolios of
SEF projects for whom it serves as an engineering, procurement and
construction contractor.  The Company also performs as an
independent, turnkey SEF developer for one-off distributed
generation and utility-scale SEFs.

Solar Power reported a net loss of $5.19 million in 2014, a net
loss of $32.2 million in 2013 and a net loss of $25.4 million in
2012.

As of Sept. 30, 2015, the Company had $727 million in total assets,
$431 million in total liabilities and $296 million in total equity.


SPENDSMART NETWORKS: Offers to Amend Warrants
---------------------------------------------
Spendsmart Networks, Inc., is offering to amend warrants to
purchase an aggregate of 21,634,695 shares of common stock,
including:

   (i) outstanding warrants to purchase an aggregate of 17,918,675
       shares of the Company's common stock issued to investors
       who participated in the Company's private placement   
       financing closed on Feb. 11, 2014, Feb. 21, 2014, March 6,
       2014, and March 14, 2014, as well as warrants issued to the

       placement agent in connection with such financing, of which
       16,289,704 are exercisable at an exercise price of $1.10
       per share and 1,628,971 are exercisable at an exercise
       price of $1.27 per share;

  (ii) outstanding warrants to purchase an aggregate of 1,711,106
       shares of the Company's common stock issued to investors
       who participated in the Company's private placement
       financings closed on Nov. 30, 2012, July 19, 2012, June 20,
       2012, May 24, 2012 and March 31, 2012, as well as warrants
       issued to the placement agent in connection with such
       financings, of which 1,417,799 are exercisable at an
       exercise price of $7.50 per share and 244,640 are
       exercisable at an exercise price of $9.00 per share and
       48,667 are exercisable at an exercise price of $12.00 per
       share;

(iii) outstanding warrants to purchase an aggregate of 1,569,935
       shares of the Company's common stock issued to investors
       who participated in the Company's private placement
       financing completed on Jan. 19, 2011, May 20, 2011,
       Oct. 21, 2011, and Nov. 21, 2011, as well as warrants
       issued to the placement agent in connection with such   
       financing of which 1,083,333 are exercisable at an exercise
       price of $6.00 per share, 250,001 are exercisable at an
       exercise price of $7.50 per share and 236,601 are
       exercisable at an exercise price of $9.00 per share; and

  (iv) outstanding warrants to purchase an aggregate of 434,979
       shares of the Company's common stock issued to investors
       who participated in the Company's private placement
       financings closed on Nov. 16, 2010, of which 125,000 are
       exercisable at an exercise price of $6.00 per share 222,479
       are exercisable at an exercise price of $9.00 per share   
       and 87,500 are exercisable at an exercise price of $.75 per
       share.

Pursuant to the Offer to Amend and Exercise, all of the 2014
Warrants will be amended to reduce the exercise price to $0.40 per
share of common stock in cash on the terms and conditions set forth
in the Offer to Amend and Exercise.  Pursuant to the Offer to Amend
and Exercise the 2012 Warrants will be amended to reduce the
exercise price to $0.40 per share of common stock in cash on the
terms and conditions set forth in the Offer to Amend and Exercise.
In addition, the 2011 Warrants will be amended to reduce the
exercise price to $0.40 per share of common stock in cash on the
terms and conditions set forth in the Offer to Amend and Exercise.
Finally, pursuant to the Offer to Amend and Exercise the 2010
Warrants will be amended to reduce the exercise to $0.40 per share
of common stock in cash on the terms and conditions set forth in
the Offer to Amend and Exercise.  There is no minimum participation
requirement with respect to the Offer to Amend and Exercise.

As of Dec. 3, 2015, the Company had: (i) 19,565,357 shares of
common stock outstanding; and, (ii) outstanding warrants to
purchase 25,943,868 shares of common stock (including, the Original
Warrants).  As of Sept. 1, 2015, the Company had 8,246,000 options
issued under the 2013 Equity Incentive Plan.  In addition, the
Company has reserved an additional 10,000,000 shares of common
stock for issuance pursuant to the Company's 2013 Equity Incentive
Plan.

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

                       http://is.gd/NNn14J

                    About SpendSmart Networks

SpendSmart Networks, Inc., provides proprietary loyalty systems
and a suite of digital engagement and marketing services that help
local merchants build relationships with consumers and drive
revenues.  These services are implemented and supported by a vast
network of certified digital marketing specialists, aka "Certified
Masterminds," who drive revenue and consumer relationships for
merchants via loyalty programs, mobile marketing, mobile commerce
and financial tools, such as prepaid card and reward systems.  We
enter into licensing agreements for our proprietary loyalty
marketing solution with "Certified Masterminds" which sell and
support the technology in their respective markets.  The Company's
products aim to make Consumers' dollars go further when they spend
it with merchants in the SpendSmart network of merchants, as they
receive exclusive deals, earn rewards and ultimately build a
connection with their favorite merchants.

SpendSmart Networks incurred a net loss of $12.2 million on $4.03
million of total revenues for the year ended Dec. 31, 2014,
compared to a net loss of $14.09 million on $0 of total revenues
for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $8.52 million in total
assets, $4.48 million in total liabilities and $4.04 million in
total stockholders' equity.

EisnerAmper LLP, in Iselin, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has recurring net
losses since inception and has yet to establish a profitable
operation.  These factors among others raise substantial doubt
about the ability of the Company to continue as a going concern.


SPHERIX INC: Posts $2.73-Mil. Net Loss in Quarter Ended Sept. 30
----------------------------------------------------------------
Spherix Incorporated posted a net loss of $2,726,000 for the three
months ended Sept. 30, 2015, compared to a net loss of $5,144,000
for the same period in 2014.

"As a result of the company's recurring operating losses, net
operating cash flow deficits and remaining obligations relating to
the redemption of its Series I Preferred Stock, there is
substantial doubt about the company's ability to continue as a
going concern," according to Spherix Chief Executive Officer
Anthony Hayes and Interim Chief Financial Officer Frank Reiner in a
regulatory filing with the U.S. Securities and Exchange Commission
on November 4, 2015.

Messrs. Hayes and Reiner told the SEC, "The company's ultimate
success is dependent on its ability to obtain additional financing
and generate sufficient cash flow to meet its obligations on a
timely basis.  The company's business will require significant
amounts of capital to sustain operations and make the investments
it needs to execute its longer term business plan.  

"The company's working capital deficiency amounted to $1.6 million
at September 30, 2015, and net loss amounted to approximately $2.7
million and $47.1 million for the three and nine months ended
September 30, 2015, primarily due to a $37.2 million non-cash
impairment loss on goodwill and intangible assets in the second
quarter of 2015.  The company had a $130.9 million accumulated
deficit as of September 30, 2015.  

"The company's existing liquidity is not sufficient to fund its
operations, anticipated capital expenditures, working capital and
other financing requirements for the foreseeable future.  Absent
generation of sufficient revenue from the execution of the
company's business plan, the company will need to obtain additional
debt or equity financing, especially if the Company experiences
downturns in its business that are more severe or longer than
anticipated, or if the company experiences significant increases in
expense levels resulting from being a publicly-traded company or
operations.  If the company attempts to obtain additional debt or
equity financing, the company cannot assume that such financing
will be available to the company on favorable terms, or at all."

"In addition, the costs of enforcing the company's patent rights
may exceed its recoveries from such enforcement activities.
Accordingly, in order for the company to generate a profit from its
patent enforcement and monetization activities, the revenues from
such enforcement and monetization activities must be high enough to
offset both the cash outlays and the contingent fees payable from
such revenues, including any profit sharing arrangements with
inventors or prior owners of the patents.

"The company's failure to monetize its patent assets or the
occurrence of unforeseen circumstances that could have a negative
impact on the company's liquidity could significantly harm its
business," Mr. Reiner stated.

At Sept. 30, 2015, the company recorded total assets of
$14,891,000, total liabilities of $2,866,000, and total
stockholders' equity of $7,025,000," Messrs Hayes and Reiner
added.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/z64v98p

Spherix Incorporated is a Bethesda, Maryland-based intellectual
property company that owns, acquires and monetizes intellectual
property assets.  Through its acquisitions of 108 patents and
patent applications from Rockstar Consortium US, LP and acquisition
of several hundred patents issued to Harris Corporation as a result
of our acquisition of North South, the company has expanded its
activities in wireless communications and telecommunication sectors
including antenna technology, Wi-Fi, base station functionality and
cellular.


ST. MICHAEL'S MEDICAL: $62-Mil. Sale to Prime Healthcare Approved
-----------------------------------------------------------------
Judge Vincent F. Papalia of the U.S. Bankruptcy Court for the
District of New Jersey, authorized debtors Saint Michael's Medical
Center, Inc., et al., to sell substantially all of their assets
free and clear of all liens, claims, encumbrances and interests to
Prime Healthcare Services – Saint Michael's LLC.

The Asset Purchase Agreement contains, among others, the following
terms:

     (1) The aggregate purchase price to be paid by Purchaser to
Seller for the purchase of the Assets shall be $62,247,750, minus
(b) any negative difference between an amount equal to Seller's Net
Working Capital at Closing and an amount equal to 10% of Seller's
Net Revenue for the 2014 fiscal year, plus or minus (c) the
positive or negative difference, as the case may be, between the
amount of cash and cash equivalents and short term investments
included among the Assets and $13,000,000.

     (2) Purchased Assets include, among others, the following: (a)
Except for the excluded real property, all of the real property
owned by any Seller Party, including the real property that is used
with respect to the operation of the Hospital, together will all
buildings, improvements and fixtures located therein, including all
buildings and other improvements under construction; (b) all of the
Seller's interest in real property that is leased by a Seller
Party; (c) all of the tangible personal property owned by the
Seller including equipment, furniture, fixtures, machinery,
vehicles, office furnishings, and leasehold improvements; and (d)
all cash, cash equivalents and short-term investments held in any
account in the name of or for the benefit of any Seller Party.

     (3) On the Closing Date, the Purchaser shall assume, among
others, the following liabilities and obligations: (a) the Assumed
Contracts and all liabilities of the Seller under the Assumed
Contracts with respect to events or periods on and after the
Closing Date; (b) the Current Liabilities of the Seller; and (c)
all current and valid provider contracts of any Seller Party with
the Medicare, Medicaid and TRICARE programs.

Judge Papalia found that the Debtors have articulated sound
business reasons for consummating the APA and for selling the
Assets outside a plan of reorganization. He also found that it is a
reasonable exercise of the Debtors' business judgment to consummate
the transactions contemplated by the APA. Judge Papalia held that
approval of the APA and consummation of the transactions
contemplated by the APA at this time, including, the sale of the
Assets to the Purchaser, the assumption by the Purchaser of the
Assumed Obligations, and the assignment to the Purchaser of the
Assumed Contracts and Assumed Leases, are in the best interests of
the Debtors, their creditors and estates, and other parties in
interest.

St. Michael's Medical Center is represented by:

          Michael D. Sirota, Esq.
          Ryan T. Jareck, Esq.
          COLE SCHOTZ P.C.
          Court Plaza North
          25 Main Street
          P.O. Box 800
          Hackensack, New Jersey 07602-0800
          Telephone: (201)489-3000
          Facsimile: (201)489-1536
          E-mail: msirota@coleschotz.com
                  rjareck@coleschotz.com

                About Saint Michael's Medical Center

Saint Michael's Medical Center, Inc., was incorporated in 2008 to
acquire St. Michael's Medical Center and 2 other now defunct
hospitals (Saint James Hospital and Columbus Hospital) was
acquired
from Cathedral Healthcare System Inc., a New Jersey nonprofit.

SMMC is a second tier subsidiary of Trinity Health Corporation.
The
immediate sole corporate member of SMMC is Maxis Health System, a
Pennsylvania not-for-profit corporation.

Established by the Franciscan Sisters of the Poor in 1867, St.
Michael's Medical Center is a 357- bed licensed regional
tertiary-care, teaching, and research center in the heart of
Newark, New Jersey's business and educational district and is
accredited by The Joint Commission.

On Aug. 10, 2015, SMMC Inc. and three affiliated debtors each
filed
a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code in the U.S. Bankruptcy Court for the District of
New Jersey.  The cases are pending before the Honorable Vincent F.
Papalia, and the Debtors requested that their cases be jointly
administered under Case No. 15-24999.

The Debtors tapped Cole Schotz P.C. as bankruptcy counsel;
EisnerAmper LLP as financial advisor; and Prime Clerk LLC as claims
and noticing agent.

SMMC estimated $100 million to $500 million in assets and debt.

United States Trustee Region 3, notified the United States
Bankruptcy Court for the District of New Jersey of the appointment
of Susan N. Goodman, RN JD, as patient care ombudsman in the
Chapter 11 case of Saint Michael's Medical Center, Inc., and its
debtor affiliates.

U.S. trustee for Region 3, appointed seven creditors of Saint
Michael's Medical Center Inc. and its affiliates to serve on the
official committee of unsecured creditors.   Andrew H. Sherman,
Esq., Boris I. Mankovetskiy, Esq., and Lucas F. Hammonds, Esq., at
Sills Cummis & Gross PC, represent the Committee.



ST. MICHAEL'S MEDICAL: Challenge Deadline Extended to Jan. 15
-------------------------------------------------------------
Judge Vincent F. Papalia of the U.S. Bankruptcy Court for the
District of New Jersey extended the "challenge deadline" and
"Committee option deadline of the statutory creditors' committee in
the Chapter 11 cases of Saint Michaels Medical Center, Inc., et
al., to Jan. 15, 2016.

The Court's Final DIP Order gave the Official Committee of
Unsecured Creditors through Nov. 23, 2015 to challenge the Debtors'
admissions, stipulations, agreements and releases contained in the
Final DIP Order and/or to challenge the amount, validity,
perfection, enforceability, priority or extent of the prepetition
debt claimed to be due to Trinity Health Corporation, and/or to
assert defenses, claims, causes of action, counterclaims or offsets
against Trinity or Trinity related persons or entities. The Final
DIP Order also gave the Committee the option to accept a global
settlement, as set forth in the Final DIP Order, on or before Nov.
23, 2015.

The Committee contended that an investigation is necessary for the
Committee to determine whether to (i) exercise any of its challenge
rights and/or (ii) exercise the Committee Option.  It added that
for a variety of reasons, the investigation is taking longer than
anticipated.

Judge Papalia relates that the counsel to the Debtors, Trinity and
the Committee have conferred and have agreed to the extension of
the Challenge Deadline and the Committee Option Deadline.

The Official Committee of Unsecured Creditors is represented by:

          Andrew H. Sherman, Esq.
          Boris I. Mankovetskiy, Esq.
          George R. Hirsch, Esq.
          SILLS CUMMIS & GROSS P.C.
          One Riverfront Plaza
          Newark, NJ 07102
          Telephone: (973)643-7000
          Facsimile: (973)643-6500
          E-mail: asherman@sillscummis.com
                  bmankovetskiy@sillscummis.com
                  ghirsch@sillscummis.com

                About St. Michael's Medical Center

Saint Michael's Medical Center, Inc., was incorporated in 2008 to
acquire St. Michael's Medical Center and 2 other now defunct
hospitals (Saint James Hospital and Columbus Hospital) was
acquired
from Cathedral Healthcare System Inc., a New Jersey nonprofit.

SMMC is a second tier subsidiary of Trinity Health Corporation.
The
immediate sole corporate member of SMMC is Maxis Health System, a
Pennsylvania not-for-profit corporation.

Established by the Franciscan Sisters of the Poor in 1867, St.
Michael's Medical Center is a 357- bed licensed regional
tertiary-care, teaching, and research center in the heart of
Newark, New Jersey's business and educational district and is
accredited by The Joint Commission.

On Aug. 10, 2015, SMMC Inc. and three affiliated debtors each
filed
a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code in the U.S. Bankruptcy Court for the District of
New Jersey.  The cases are pending before the Honorable Vincent F.
Papalia, and the Debtors requested that their cases be jointly
administered under Case No. 15-24999.

The Debtors tapped Cole Schotz P.C. as bankruptcy counsel;
EisnerAmper LLP as financial advisor; and Prime Clerk LLC as claims
and noticing agent.

SMMC estimated $100 million to $500 million in assets and debt.

United States Trustee Region 3, notified the United States
Bankruptcy Court for the District of New Jersey of the appointment
of Susan N. Goodman, RN JD, as patient care ombudsman in the
Chapter 11 case of Saint Michael's Medical Center, Inc., and its
debtor affiliates.

U.S. trustee for Region 3, appointed seven creditors of Saint
Michael's Medical Center Inc. and its affiliates to serve on the
official committee of unsecured creditors.   Andrew H. Sherman,
Esq., Boris I. Mankovetskiy, Esq., and Lucas F. Hammonds, Esq., at
Sills Cummis & Gross PC, represent the Committee.



TAMARA MELLON BRAND: Files for Chapter 11 Bankruptcy Protection
---------------------------------------------------------------
Tamara Mellon Brand, LLC, filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 15-12420) on Dec. 2, 2015,
estimating its assets and liabilities at $1 million and $10 million
each.  The petition was signed by Tamara Mellon, CEO.

Glamour reports that Ms. Mellon will exit Chapter 11 in 60 days
when she will form a new company that will own Tamara Mellom LLC
trademarks.  Ms. Mellon said in a statement, "We will use this
brief period of reorganisation so we can position ourselves to take
advantage of our new growth strategy and ensure the long term
vibrancy of our brand.  We expect that we will emerge from this
stronger than ever in 60 days or less, and all of us at Tamara
Mellon look forward to pursuing our passion long into the future."

Teresa Novellino at New York Business Journal relates that the
Company plans to name the company New TMB.  According to the
report, the Company said it expects to continue operating, and that
it isn't laying off any of its works.  

Derek C. Abbott, Esq., and Daniel B. Butz, Esq., at Morris,
Nichols, Arsht & Tunnell LLP serve as the Company's bankruptcy
counsel.

Tamara Mellon Brand, LLC, is headquartered in New York, New York.
Tamara Mellon is a Jimmy Choo co-founder.  Ms. Mellon set up her
eponymous label in 2013, after severing ties with Jimmy Choo.


TENET HEALTHCARE: Signs Agreement for Sale of 5 Hospitals
---------------------------------------------------------
Tenet Healthcare Corporation and WellStar Health System have
entered into a definitive agreement for the sale and management of
Tenet's five Atlanta-area hospitals.  The transaction is subject to
customary regulatory approvals and other closing conditions and is
expected to be completed as early as the first quarter of 2016.

"We are pleased that our hospitals will join a leading regional
healthcare network like WellStar," said Keith Pitts, vice chairman
of Tenet.  "This agreement will better position these facilities
for long-term success, benefiting all stakeholders."

The hospitals included in the sale are Atlanta Medical Center and
its South Campus, North Fulton Hospital, Spalding Regional Hospital
and Sylvan Grove Hospital, as well as 26 physician clinics.

"WellStar plays a pivotal role in the health of our community,"
said Candice Saunders, president and chief executive officer of
WellStar Health System.  "With the addition of Tenet's metro
Atlanta hospitals, we will be better able to provide world-class
healthcare to our patients for years to come."

The Company has agreed to sell the assets of the Divested
Facilities to Purchaser for (i) $575 million in cash (subject to
customary purchase price adjustments), (ii) the retention of net
working capital related to the pre-closing operations of the
Divested Facilities (approximately $75 million as of September 30),
and (iii) Purchaser's assumption of the Company's lease obligations
relating to North Fulton Hospital, which assumption is expected to
reduce the Company's total indebtedness by approximately $86
million.

                            About Tenet

Tenet Healthcare Corporation -- http://www.tenethealth.com/-- is  
a national, diversified healthcare services company with 110,000
employees united around a common mission: to help people live
happier, healthier lives.  The company operates 80 hospitals, 214
outpatient centers, six health plans and Conifer Health Solutions,
a leading provider of healthcare business process services in the
areas of revenue cycle management, value based care and patient
communications.

Tenet Healthcare reported net income attributable to the Company's
shareholders of $12 million for the year ended Dec. 31, 2014,
compared to a net loss attributable to the Company's shareholders
of $134 million during the prior year.

As of Sept. 30, 2015, the Company had $23.2 billion in total
assets, $20.5 billion in total liabilities, $1.68 billion in
redeemable noncontrolling interests in equity of consolidated
subsidiaries and $1.01 billion in total equity.

                         *    *    *

Tenet carries a 'B' IDR from Fitch Ratings, 'B' corporate credit
rating from Standard & Poor's Ratings Services and 'B1' Corporate
Family Rating from Moody's Investors Service.


TEREX CORP: S&P Removes 'BB' CCR From CreditWatch Negative
----------------------------------------------------------
Standard & Poor's Ratings Services said that it has removed its
'BB' corporate credit rating on Terex Corp. from CreditWatch, where
S&P had placed it with negative implications on Aug. 13, 2015.  The
outlook is stable.  S&P will withdraw its corporate credit rating
on Terex after its merger with Konecranes PLC is completed.

At the same time, S&P removed its 'BBB-' issue-level ratings on
Terex's senior secured debt from CreditWatch, where S&P had placed
them with negative implications on Aug. 13, 2015.  S&P will
withdraw these ratings following the completion of the merger.

S&P's 'BB' issue-level ratings on Terex's senior unsecured notes
are unchanged and remain on CreditWatch with negative
implications.

"We removed our corporate credit rating on Terex Corp. from
CreditWatch negative because we expect that the combined entity,
Konecranes Terex PLC, will display similar credit quality as Terex
Corp, said Standard & Poor's credit analyst Jaissy Lorenzo.  "We
will withdraw our corporate credit rating on Terex following the
completion of the merger, which we expect will occur in the first
half of 2016."



THE GREAT ATLANTIC: Publix Objects to GREEN WAY Mark Sale
---------------------------------------------------------
Publix Asset Management Company filed with the U.S. Bankruptcy
Court for the Southern District of New York its objection to
debtors The Great Atlantic & Pacific Tea Company, Inc., et. al.'s
proposed sale of the Debtors' GREEN WAY mark.

Andreq G. Celli, Jr., Esq., at Emery Celli Brinckerhoff & Abady
LLP, in New York, New York, relates that the Debtors have been
authorized to retain Hilco IP Services, LLC, as intellectual
property advisors to market certain IP Assets of the Debtors.  Mr.
Celli further relates that Hilco is presently soliciting bids for
various IP Assets of the Debtors, including the mark GREEN WAY.  He
tells the Court that prior to the filing of the Debtors' bankruptcy
petition, Publix initiated an Opposition Proceeding before the
Trademark Trial and Appeal Board, in which Publix opposed the
registration of the GREEN WAY Mark.  Mr. Celli further tells the
Court that the Opposition Proceeding, and the time for filing an
appeal or seeking rehearing of the Trademark Trial and Appeal
Board's opinion, have been stayed by the Trademark Trial and Appeal
Board as a result of the Debtors' bankruptcy filing. Mr. Celli
contends that Hilco is soliciting bids for the Debtors' IP Assets
free and clear of all liens, claims and interests and that it is
unclear from the Hilco marketing materials whether the intention is
to attempt to sell the GREEN WAY Mark free and clear of the rights
and objections of Publix raised in the Opposition Proceeding.  Mr.
Celli further contends that Publix objects to the proposed sale of
the GREEN WAY Mark to the extent that the Debtors intend to sell
the GREEN WAY Mark free and clear of the rights and objections of
Publix raised in the Opposition Proceeding, and for the purpose of
putting the Debtors and prospective purchasers on notice of the
Opposition Proceeding.

Publix Asset Management Company is represented by:

          Andrew G. Celli, Jr., Esq.
          EMERY CELLI BRINCKERHOFF & ABADY LLP
          600 Fifth Avenue, 10th Floor
          New York, NY 10020
          Telephone: (212)763-5000
          Facsimile: (212)763-5001
          E-mail: acelli@ecbalaw.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.


TIANYIN PHARMA: Receives NYSE MKT Listing Non-Compliance Notice
---------------------------------------------------------------
Tianyin Pharmaceutical Inc. received notice on October 16, 2015
from the NYSE MKT LLC indicating that the Company is below certain
of the Exchange's continued listing standards, as set forth in
Sections 134 and 1101 of the NYSE MKT Company Guide, due to the
delay in filing of its Annual Report on Form 10-K for the year
ended June 30, 2015.  Under NYSE MKT rules, until the Company files
the Form 10-K, its common stock will remain listed on the NYSE MKT
under the symbol "TPI," but will be assigned an ".LF" indicator to
signify late filing status.  Five business days following the
receipt of the noncompliance letter, the Company will be added to
the list of NYSE MKT noncompliant issuers on the website and the
indicator will be disseminated with the Company's ticker symbol.
The indicator will be removed when the Company has regained
compliance with all applicable continued listing standards.

In order to maintain its listing, the Company must submit a plan of
compliance by November 15, 2015 addressing how it intends to regain
compliance with Sections 134 and 1101 of the NYSE MKT Company Guide
by April 15, 2016.  If the plan is accepted, the Company may be
able to continue its listing but will be subject to periodic
reviews by the Exchange.  If the plan is not accepted or if it is
accepted but the Company is not in compliance with the continued
listing standards by April 15, 2016, or if the Company does not
make progress consistent with the plan, the Exchange will initiate
delisting procedures as appropriate.  The Company intends to submit
a compliance plan on or before the deadline set by the Exchange.

Currently the Company is working diligently to compile and
disseminate the information required to be included in the Form
10-K.  The Company expects to file the Form 10-K before the
deadline set by the Exchange.

                           About TPI

Headquartered at Chengdu, China, TPI (NYSE Amex: TPI) --
http://www.tianyinpharma.com-- is a pharmaceutical company that
specializes in the development, manufacturing, marketing and sales
of patented biopharmaceutical, mTCM, branded generics and API.  TPI
currently manufactures a comprehensive portfolio of 58 products, 24
of which are listed in the highly selective national medicine
reimbursement list, 10 are included in the essential drug list
(EDL) of China.  TPI's pipeline targets various high incidence
healthcare indications.


TN-K ENERGY: Incurs $1.3 Million Net Loss in Second Quarter
-----------------------------------------------------------
TN-K Energy Group Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.29 million on $11,487 of total revenue for the three months
ended June 30, 2015, compared to a net loss of $225,288 on $68,705
of total revenue for the same period last year.

For the six months ended June 30, 2015, the Company reported a net
loss of $1.37 million on $129,062 of total revenue compared to a
net loss of $324,790 on $81,591 of total revenue for the same
period during the prior year.

As of June 30, 2015, the Company had $625,351 in total assets,
$3.98 million in total liabilities and a total stockholders'
deficit of $3.36 million.

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

                      http://is.gd/z62IQl

                       About TN-K Energy

Crossville, Tenn.-based TN-K Energy Group, Inc., an independent
oil exploration and production company, engaged in acquiring oil
leases and exploring and developing crude oil reserves and
production in the Appalachian basin.

TN-K Energy reported a net loss of $674,000 on $196,000 of total
revenue for the year ended Dec. 31, 2014, compared with a net loss
of $184,000 on $585,000 of total revenue for the year ended Dec.
31, 2013.

Liggett, Vogt & Webb, P.A., 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
operating losses and will have to obtain additional financing to
sustain operations.  These conditions raise substantial doubt about
the Company's ability to continue as a going concern.


TRANSGENOMIC INC: Finalizes Divestment of Genetic Assays Unit
-------------------------------------------------------------
Transgenomic, Inc., has completed the divestment of its Genetic
Assays & Platforms Business Unit to ADSTEC Corporation, and one of
its affiliates.  ADSTEC is a privately-held Japanese company that
manufactures and sells specialized instruments and reagents for the
biotechnology industry.

Transgenomic transferred all rights to its GAP products, licenses,
technology, know-how and trademarks, along with associated product
inventory, to ADSTEC.  ADSTEC has assumed the business, financial
and human resource commitments of the GAP Business Unit and paid
Transgenomic $300,000 for its existing stock and inventory.

Paul Kinnon, president and chief executive officer of Transgenomic,
commented, "With the closing of this transaction, we have divested
our last major legacy business.  The aging WAVE product line and
geographically diverse customer base of the GAP Business Unit would
have required substantial investments to make it competitive.
Instead, this divestiture is expected to reduce our expenses by
more than $1,000,000 per quarter.  Our management and Board of
Directors believe our resources will be better invested in growing
our high-potential products for molecular diagnostics and precision
medicine, powered by our unique ICE COLD-PCR technology and growing
expertise in developing and commercializing liquid biopsy assays."

ADSTEC's President, Mr. Tsutomu Kojima, noted, "We believe this is
a good deal for both companies.  ADSTEC has the infrastructure and
resources to revitalize this business unit, which we view as highly
complementary to our current efforts.  We look forward to the
opportunity to work with our new employees to build on the goodwill
and customer loyalty that Transgenomic developed during its years
of managing this business."

                       About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global
biotechnology company advancing personalized medicine in
cardiology, oncology, and inherited diseases through its
proprietary molecular technologies and world-class clinical and
research services.  The Company is a global leader in cardiac
genetic testing with a family of innovative products, including
its C-GAAP test, designed to detect gene mutations which indicate
cardiac disorders, or which can lead to serious adverse events.
Transgenomic has three complementary business divisions:
Transgenomic Clinical Laboratories, which specializes in molecular
diagnostics for cardiology, oncology, neurology, and mitochondrial
disorders; Transgenomic Pharmacogenomic Services, a contract
research laboratory that specializes in supporting all phases of
pre-clinical and clinical trials for oncology drugs in
development; and Transgenomic Diagnostic Tools, which produces
equipment, reagents, and other consumables that empower clinical
and research applications in molecular testing and cytogenetics.
Transgenomic believes there is significant opportunity for
continued growth across all three businesses by leveraging their
synergistic capabilities, technologies, and expertise.  The
Company actively develops and acquires new technology and other
intellectual property that strengthens its leadership in
personalized medicine.

Transgenomic reported a net loss available to common stockholders
of $15.1 million in 2014, a net loss available to common
stockholders of $16.7 million in 2013 and a net loss available to
common stockholders of $8.98 million in 2012.

As of Sept. 30, 2015, the Company had $24.5 million in total
assets, $17.7 million in total liabilities and $6.71 million in
total stockholders' equity.

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


TURNER TREE: Case Summary & Largest Unsecured Creditor
------------------------------------------------------
Debtor: Turner Tree & Landscape, LLC
        130 Riviera Dunes Way, Unit # 1203
        Palmetto, FL 34208

Case No.: 15-62285

Chapter 11 Petition Date: December 3, 2015

Court: United Staes Bankruptcy Court
       Western District of Virginia (Lynchburg)

Judge: Hon. Paul M. Black

Debtor's Counsel: Andrew S Goldstein, Esq.
                  MAGEE GOLDSTEIN LASKY & SAYERS, P.C.
                  P O Box 404
                  Roanoke, VA 24003
                  Tel: 540 343-9800
                  Email: agoldstein@mglspc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Darrell L. Turner, manager.

The Debtor listed Bank of America as its largest unsecured creditor
holding a claim of $24,513.

A copy of the petition is available for free at:

         http://bankrupt.com/misc/vawb15-62285.pdf


VERITEQ CORP: To Acquire The Brace Shop
---------------------------------------
VeriTeQ Corporation has entered into a definitive agreement to
acquire all of the membership interests of The Brace Shop LLC, a
full service retailer of orthopedic braces, physical therapy and
rehabilitation equipment with unaudited annual revenues as reported
by management of The Brace Shop being approximately $7 million for
the year ended Dec. 31, 2014.  The Brace Shop has been operating
for over 15 years and is based in Boca Raton, Florida.

Subject to the satisfaction of certain closing conditions set forth
in the definitive agreement, the Company will pay cash of $250,000
and issue convertible preferred stock of the Company to the
owner/seller of The Brace Shop in exchange for all of the
membership interests thereof.

The closing of the transaction is currently expected to occur no
later than January 2016.

                         About VeriTeQ

VeriTeQ (formerly known as Digital Angel Corporation) develops
innovative, proprietary RFID technologies for implantable medical
device identification, and dosimeter technologies for use in
radiation therapy treatment.  VeriTeQ --
http://www.veriteqcorp.com/-- offers the world's first FDA    
cleared RFID microchip technology that can be used to identify
implantable medical devices, in vivo, on demand, at the point of
care.  VeriTeQ's dosimeters provide patient safety mechanisms
while measuring and recording the dose of radiation delivered to a
patient in real time.

Veriteq reported a net loss of $3.91 million on $151,000 of sales
for the year ended Dec. 31, 2014, compared to a net loss of $18.2
million on $18,000 of sales for the year ended Dec. 31, 2013.

As of March 31, 2015, the Company had $1.66 million in total
assets, $9 million in total liabilities, $1.84 million in series D
preferred stock, and a $9.18 million total stockholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2014, citing that the Company has incurred
recurring net losses, and at Dec. 31, 2014, had negative working
capital and a stockholders' deficit.  These events and conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


VICTORY MEDICAL: Court Approves $2.3-Mil. Financing From CEO
------------------------------------------------------------
Victory Medical Center Mid-Cities, LP, and its affiliated debtors
sought and obtained from Judge Russell F. Nelms of the U.S.
Bankruptcy Court for the Northern District of Texas, Fort Worth
Division, authorization to incur postpetition indebtedness from
their equity holders.

The Court authorized the Debtors, excluding Victory Medical
Center-Plano, to obtain final postpetition financing from R. Helms
and H.D. Patel up to $2,300,000.  The DIP Lenders were granted a
perfected first lien on all of the Debtors' assets, excluding
Victory Medical Center-Plano, which are already encumbered by a
first lien.  The Court ordered that the DIP Lenders and all
entities owned or controlled by them, be released from any and all
claims and causes of actions held by the Debtors' bankruptcy
estates.

The Debtors related that R. Helms, the Debtors' CEO and equity
holder, along with H.D. Patel, another equity holder, had agreed to
provide secured DIP financing of up to $2,300,000 to cover payment
of administrative expenses incurred in the ordinary course of
business and professional fees.  The Debtors further related that
the debt would be secured by second priority liens on all of the
Debtors' assets behind existing liens and an allowed superpriority
claim.  The Debtors believed that they had business justification
for entering into the DIP financing in order to ensure that future
operations are funded and the value of the accounts receivable
maintained for the benefit of the creditors. The Debtors contended
that despite efforts to the contrary, they were unable to obtain
alternative financing on reasonable terms. The further contended
that the proposed terms of the DIP Financing were favorable and it
was unlikely that better terms could otherwise be negotiated.

William T. Neary, United States Trustee for Region 6, contended
that the proposed DIP facility provided for insider releases,
reimbursement of Mr. Helms for amounts previously advanced to the
Debtors' proposed CRO, and payment of retention bonuses.  Mr. Neary
further contended that the payment of employment retention bonuses
should be subject to a separate motion and court order. He added
that Mr. Helms should be required to file a separate motion seeking
reimbursement of an administrative expense for payments advanced to
the proposed CRO.  Mr. Neary told the Court that any insider
releases should be closely scrutinized and approved only in the
context of a Bankruptcy Rule 9019 motion or plan of reorganization.
He further told the Court that the payment of employee bonuses
should be subject to court approval after a motion and hearing.  He
added that any proposed budget changes beyond a reasonable minor
variance should be subject to bankruptcy court approval.

Victory Medical Center is represented by:

          Edward L. Rothberg, Esq.
          Melissa A. Haselden, Esq.
          T. Josh Judd, Esq.
          HOOVER SLOVACEK LLP
          5051 Westheimer, Suite 1200
          Galleria Tower II
          Houston, Texas 77056
          Telephone: (713)977-8686
          Facsimile: (713)977-5395
          E-mail: rothberg@hooverslovacek.com
                  haselden@hooverslovacek.com
                  judd@hooverslovacek.com

The United States Trustee for Region 6 is represented by:

          Erin Marie Schmidt, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          1100 Commerce Street, Room 976
          Dallas, TX 75242
          Telephone: (214)767-1075
          E-mail: Erin.Schmidt@usdoj.gov

                   About Victory Medical Center

Victory Parent Company, LLC, and 8 affiliated companies sought
Chapter 11 protection in Fort Worth, Texas (Bankr. N.D. Tex.) on
June 12, 2015, in Ft. Worth, Texas.

Headquartered in The Woodlands, Texas, Victory Parent Company
manages six medical centers in Texas.  Founded in 2005, Victory now
maintains medical centers offering emergency room services in
through Victory Medical Center Mid-Cities in Hurst, Victory Medical
Center Plano, Victory Medical Center Craig Ranch in McKinney, and
Victory Medical Center Landmark in San Antonio. The company also
manages its Victory Medical Center Beaumont and Houston-East, which
are not part of the Chapter 11 filing and will be sold separately.

The Debtors tapped Hoover Slovacek, LLP, as counsel; Epiq
Bankruptcy Solutions, LLC, as claims agent; and Baker, Donelson,
Bearman, Caldwell & Berkowitz, PC, as special counsel.



VIGGLE INC: Borrows Additional $1-Mil. From Sillerman
-----------------------------------------------------
As previously disclosed by Viggle Inc. in a Form 8-K filed on June
12, 2015, Sillerman Investment Company IV, LLC., an affiliate of
Robert F.X. Sillerman, the Company's executive chairman and chief
executive officer of the Company, agreed to provide a Line of
Credit to the Company of up to $10,000,000.  On Nov. 25, 2015, the
Company borrowed an additional $1,000,000 under the Line of
Credit.

                         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.


VISCOUNT SYSTEMS: Completes $300,000 Financing Transactions
-----------------------------------------------------------
Viscount Systems, Inc., disclosed it has consummated on Nov. 24,
2015, a series of transactions with three of its current preferred
equity holders to raise $300,000 for the Company.

Series B Demand Notes

On the Closing Date, in consideration for $300,000, the Company
issued to the Purchasers Senior Secured Convertible Demand
Promissory B Notes in the aggregate principal amount of $330,000
with an original issue discount of $30,000.  The Series B Demand
Notes are due and payable upon receipt of a written demand notice
from the Purchasers and failure to repay the Series B Demand Note
upon receipt of a written demand notice constitutes an event of
default.  The Series B Demand Notes accrue interest at 8% for each
30 days that the Series B Demand Notes remain outstanding and the
interest rate will be increased upon an event of default to the
lesser of 21% per annum and the highest amount permitted by
applicable law.  Interest payments must be made quarterly and may
be made in cash or in the form of Series B Demand Notes.

Series A Demand Notes

On the Closing Date, in consideration for consenting to the
Financing and in exchange for their outstanding shares of Series A
Preferred Stock, the Company issued to the Purchasers Senior
Secured Convertible Demand Promissory A Notes in the aggregate
principal amount of $2,172,978.  The Series A Demand Notes contain
substantially the same terms and conditions as the Series B Demand
Notes except that interest accrues at 14% per annum if all or any
portion of the interest payable on the Series A Demand Notes is
paid in cash (increasing to the lesser of 21% per annum and the
highest amount permitted by applicable law in case of an event of
default) and it accrues at 5% for each 30 days if all or any
portion of the interest payable on the Series A Demand Notes is
paid in Series A Demand Notes (increasing to 8% for each 30 days in
case of an event of default);

On Nov. 24, 2015, in connection with the Financing, Craig Nemiroff
was appointed as a director of the Company.

Also in connection with the Financing, the Company filed its
Certificate of Designation of Viscount Systems, Inc. Establishing
the Designations, Preferences, Limitations and Relative Rights of
its Series B Preferred Stock with the Secretary of State of Nevada.
The Certificate of Designation, which amends the Articles of
Incorporation, provides that the Company may issue up to 1,000
shares of Series B Preferred Stock.  Holders of Series B Preferred
Stock are entitled only to certain voting rights.  The Series B
Preferred Stock is not entitled to receive dividends, any
liquidation preference or conversion rights.

A complete copy of the Form 8-K report filed with the Securities
and Exchange Commission is available at http://is.gd/HwkVtl

                     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.


VISUALANT INC: Auditor Expresses Going Concern Doubt
----------------------------------------------------
PMB Helin Donovan, LLP, in a letter to the Board of Directors and
Shareholders of Visualant, Inc. on Nov. 4, 2015, expressed
substantial doubt about the company's ability to continue as a
going concern. The firm audited the consolidated balance sheets of
Visualant as of September 30, 2015 and 2014 and the related
consolidated statements of operations, stockholders' (deficit)
equity, and cash flows for the years ended September 30, 2015 and
2014.

PMB related that the company has sustained a net loss from
operations and has an accumulated deficit since inception.  "These
factors raise substantial doubt about the company's ability to
continue as a going concern."

Specifically, net loss for the year ended September 30, 2015 was
$2,631,000 as compared to a net loss of $1,017,000 for the year
ended September 30, 2014.  The increase was primarily due to an
increase in loss on change - derivative liability of $1,713,000.  

"The company anticipates that it will record losses from operations
for the foreseeable future.  As of September 30, 2015, the
company's accumulated deficit was $24,166,156.  

"The company has limited capital resources, and operations to date
have been funded with the proceeds from private equity and debt
financings and loans from Ronald P. Erickson, our Chief Executive
Officer, or entities with which he is affiliated.  These conditions
raise substantial doubt about our ability to continue as a going
concern," Visualant Chief Financial Officer and Secretary Mark E.
Scott disclosed in a November 4, 2015 regulatory filing with the
U.S. Securities and Exchange Commission.

"We need additional financing to implement our business plan and to
service our ongoing operations and pay our current debts.  There
can be no assurance that we will be able to secure any needed
funding, or that if such funding is available, the terms or
conditions would be acceptable to us.

"If we are unable to obtain additional financing when it is needed,
we will need to restructure our operations, and divest all or a
portion of our business.  We may seek additional capital through a
combination of private and public equity offerings, debt financings
and strategic collaborations.  Debt financing, if obtained, may
involve agreements that include covenants limiting or restricting
our ability to take specific actions, such as incurring additional
debt, and could increase our expenses and require that our assets
secure such debt.  Equity financing, if obtained, could result in
dilution to our then-existing stockholders and/or require such
stockholders to waive certain rights and preferences. If such
financing is not available on satisfactory terms, or is not
available at all, we may be required to delay, scale back or
eliminate the development of business opportunities and our
operations and financial condition may be materially adversely
affected.

"As of November 3, 2015, we received commitments from debtors to
convert $1,000,000 into our common stock as part of our proposed
listing on The NASDAQ Capital Market.  These conversions are
expected to increase stockholder's equity by $1,000,000," Mr. Scott
disclosed.

The company's balance sheets showed total assets of $2,460,678 and
a total stockholders' deficit of $5,378,294, as of Sept. 30, 2015.

A full-text copy of the company's annual report is available for
free at http://tinyurl.com/hydo7cr

Seattle-based Visualant, Inc. is focused on the development of a
proprietary technology, ChromaID(TM) that is a capable of uniquely
identifying and authenticating almost any substance using light to
create, record and detect the unique digital "signature" of the
substance.  The company intends to further develop and market its
ChromaID technology, alongside its TransTech Systems, Inc.'s
operations.



WALTER ENERGY: Auction of All Assets Slated for January 5
---------------------------------------------------------
The Hon. Tamara O. Mitchell of the U.S. Bankruptcy Court for the
Northern District of Alabama scheduled Jan. 5, 2016, at 10:00 a.m.
to auction substantially all of the assets of Walter Energy Inc.
and its debtor-affiliates at the offices of Bradley Arant Boult
Cummings LLP, One Federal Place, 1819 Fifth Avenue North in
Birmingham, Alabama.

Interested buyers have until Jan. 4, 2016, at 12:00 noon
(prevailing Central Time) to file their offers for the Debtors'
assets followed by a sale hearing on Jan. 6, 2016, at 9:00 a.m.
(prevailing Central Time) at the United States Bankruptcy Court for
the Northern District of Alabama, Southern Division, 1800 Fifth
Avenue North in Birmingham, Alabama.  Objections, if any, are due
Dec. 17, 2015, at 4:00 p.m. (prevailing Central Time).

During the auction, each bid must be accompanied by a cash deposit
in the amount of 10% of the purchase price (excluding any assumed
liabilities) contained in the modified asset purchase agreement,
which deposit will be held in an interest-bearing escrow account to
be identified and established by the Debtors.  A Bid for all or
substantially all of the core acquired assets must, individually or
in conjunction with one or more other Bids, have a purchase price,
including any assumption of liabilities, that in the Debtors'
reasonable business judgment has a value greater than the sum of
(i) the purchase price plus (ii) $10 million.

The Bid must include a commitment to close the transactions
contemplated by the modified asset purchase agreement by no later
than Feb. 29, 2016; provided that such date may be extended for a
period not to exceed 30 days and solely for the purpose of
obtaining any necessary regulatory approvals.

                  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.


WESTMORELAND COAL: Frischer Holds 3.9% Stake as of Nov. 25
----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Charles Frischer and Libby Frischer Family Partnership
disclosed that as of Nov. 25, 2015, they collectively own less than
5% of the outstanding common shares of Westmoreland Coal Company.
Mr. Charles Frischer beneficially owns 709,361 common shares of the
Company representing 3.9 equity stake.  A copy of the regulatory
filing is available at http://is.gd/fNyzTd

                    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.


[*] Roberts Joins Conway MacKenzie's Bank Litigation Support Team
-----------------------------------------------------------------
In addition to everyday creditor/lender disputes, banks have been
forced to deal with new and unique claims arising from the Patriot
Act, privacy and creditor's rights laws, as well as banking-related
securities litigation claims.  A strong, experienced expert,
working closely with skilled legal counsel, is required to mount an
aggressive and successful prosecution of, or defense against these
claims.

Conway MacKenzie Executive Director Gregory Roberts has been
immersed in the banking world throughout his 35-year career,
gaining valuable insights and perspectives that help clients
achieve successful litigation outcomes.  He is available to conduct
confidential consultations with clients and counsel -- whether
plaintiff or defendant -- concerning bank litigation issues.
Conway MacKenzie is pleased to add Mr. Roberts and his unique skill
set to its talented Litigation Support team.

Mr. Roberts has participated in the evaluation of hundreds of
restructurings and recapitalizations in a variety of industries,
including but not limited to automotive supply, steel service
centers, beverage distribution, contracting, wholesalers, retailers
and commercial real estate.

Mr. Roberts is a member of the Turnaround Management Association
and the American Bankruptcy Institute.  He has also served as an
advisory board member of Vista Maria for almost 20 years.

Conway MacKenzie is a consulting and financial advisory firm.
Across industries and across the country, the firm helps healthy
companies thrive and troubled companies get back on track.


[*] Simcha David Joins EisnerAmper's Financial Services Group
-------------------------------------------------------------
EisnerAmper LLP on Dec. 3 disclosed that Simcha B. David, CPA,
J.D., has been admitted to the firm as a partner.  Mr. David joins
the Tax practice and is a member of the firm's Financial Services
Group.  He has more than 15 years of experience in both the tax
accounting and tax legal side of the profession.  His focus is on
financial services and investment management, and he frequently
advises on all aspects of tax planning and compliance for financial
services firms and their related entities.

In making the announcement, Charly Weinstein, CEO of EisnerAmper,
said that, "We are extraordinarily pleased that Simcha has joined
EisnerAmper.  His dedication to client service and his deep level
of expertise in complex matters of taxation for hedge funds,
private equity funds and funds of funds makes him an important
addition to our financial services team."

Mr. David works with clients to provide tax consulting and
compliance services, concentrating on the tax implications of the
initial structuring of fund entities, reviews of partnership and
offering documents, tax implications of various types of securities
transactions and general tax issues and planning opportunities that
arise during the life cycle of a fund.

In addition to his CPA certification, Mr. David holds a J.D. from
Hofstra University School of Law where he graduated cum laude; he
was an associate editor of the Hofstra Law Review Journal.  He
previously held a position at a prestigious New York law firm where
he focused on the legal side of hedge fund and private equity fund
formation.  He is a member of the New York State Society of
Certified Public Accountants (NYSSCPA) and the New York State Bar
Association (NYSBA).

                        About EisnerAmper

EisnerAmper LLP is an accounting and business advisory services
firm and is among the largest in the United States. EisnerAmper
provides audit, accounting, and tax services as well as valuation,
due diligence, internal audit and risk management, litigation
consulting and forensic accounting and technology, compliance and
regulatory, operational consulting and other professional services
to a broad range of clients, including services to more than 200
public companies.  The firm features 180 partners and principals
and 1,300 professionals.  EisnerAmper is a member of Allinial
Global, a network of independent accounting firms, serving clients
worldwide.

EisnerAmper's Financial Services Practice, comprised of the Asset
Management Group and Capital Markets Group, is the largest industry
group within EisnerAmper.  There are more than 250 professionals
and 40 partners dedicated to thousands of emerging and established
financial services entities.  


[^] BOND PRICING: For the Week from Nov. 30 to Dec. 4, 2015
-----------------------------------------------------------
   Company                  Ticker  Coupon  Bid Price  Maturity
   -------                  ------  ------  ---------  --------
ACE Cash Express Inc        AACE     11.00     33.00   2/1/2019
ACE Cash Express Inc        AACE     11.00     33.00   2/1/2019
AK Steel Corp               AKS       7.63     34.37  5/15/2020
AM Castle & Co              CAS      12.75     79.00 12/15/2016
AM Castle & Co              CAS       7.00     51.88 12/15/2017
AM Castle & Co              CAS      12.75     77.25 12/15/2016
AM Castle & Co              CAS      12.75     77.25 12/15/2016
Affinion Investments LLC    AFFINI   13.50     44.50  8/15/2018
Alpha Appalachia
  Holdings Inc              ANR       3.25      6.35   8/1/2015
Alpha Natural
  Resources Inc             ANR       9.75      1.00  4/15/2018
Alpha Natural
  Resources Inc             ANR       6.00      1.05   6/1/2019
Alpha Natural
  Resources Inc             ANR       6.25      1.88   6/1/2021
Alpha Natural
  Resources Inc             ANR       7.50      6.25   8/1/2020
Alpha Natural
  Resources Inc             ANR       3.75      1.88 12/15/2017
Alpha Natural
  Resources Inc             ANR       4.88      3.50 12/15/2020
Alpha Natural
  Resources Inc             ANR       7.50      4.90   8/1/2020
Alpha Natural
  Resources Inc             ANR       7.50      6.00   8/1/2020
Alta Mesa Holdings LP /
  Alta Mesa Finance
  Services Corp             ALTMES    9.63     39.83 10/15/2018
American Eagle Energy Corp  AMZG     11.00     18.38   9/1/2019
American Eagle Energy Corp  AMZG     11.00     18.38   9/1/2019
Appvion Inc                 APPPAP    9.00     37.25   6/1/2020
Appvion Inc                 APPPAP    9.00     36.75   6/1/2020
Arch Coal Inc               ACI       8.00      4.50  1/15/2019
Arch Coal Inc               ACI       7.25      2.00  10/1/2020
Arch Coal Inc               ACI       9.88      2.00  6/15/2019
Arch Coal Inc               ACI       8.00      5.03  1/15/2019
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp              ARP       7.75     32.80  1/15/2021
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp              ARP       9.25     34.30  8/15/2021
Avaya Inc                   AVYA     10.50     33.50   3/1/2021
Avaya Inc                   AVYA     10.50     34.91   3/1/2021
BPZ Resources Inc           BPZR      8.50      6.95  10/1/2017
BPZ Resources Inc           BPZR      6.50      8.00   3/1/2015
BPZ Resources Inc           BPZR      6.50      7.63   3/1/2049
Basic Energy Services Inc   BAS       7.75     34.00  2/15/2019
BearingPoint Inc            BGPT      5.00      0.50  4/15/2025
Black Elk Energy Offshore
  Operations LLC /
  Black Elk Finance Corp    BLELK    13.75     10.80  12/1/2015
Bon-Ton Department
  Stores Inc/The            BONT      8.00     31.00  6/15/2021
Bon-Ton Department
  Stores Inc/The            BONT     10.63     60.75  7/15/2017
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp              BBEP      8.63     30.25 10/15/2020
Caesars Entertainment
  Operating Co Inc          CZR      10.00     33.00 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR      12.75     33.75  4/15/2018
Caesars Entertainment
  Operating Co Inc          CZR       6.50     37.33   6/1/2016
Caesars Entertainment
  Operating Co Inc          CZR      10.00     33.25 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR       5.75     41.00  10/1/2017
Caesars Entertainment
  Operating Co Inc          CZR       5.75     12.25  10/1/2017
Caesars Entertainment
  Operating Co Inc          CZR      10.00     33.00 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR      10.00     32.88 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR      10.00     33.00 12/15/2018
Chaparral Energy Inc        CHAPAR    7.63     18.00 11/15/2022
Chaparral Energy Inc        CHAPAR    8.25     24.03   9/1/2021
Chaparral Energy Inc        CHAPAR    9.88     25.73  10/1/2020
Chassix Holdings Inc        CHASSX   10.00      8.00 12/15/2018
Chassix Holdings Inc        CHASSX   10.00      8.00 12/15/2018
Checkers Drive-In
  Restaurants Inc           CHKR     11.00    105.25  12/1/2017
Checkers Drive-In
  Restaurants Inc           CHKR     11.00    105.39  12/1/2017
Chesapeake Energy Corp      CHK       2.50     61.71  5/15/2037
Chesapeake Energy Corp      CHK       2.50     62.00  5/15/2037
Citigroup Inc               C         1.83    100.00   9/7/2018
Claire's Stores Inc         CLE       7.75     17.38   6/1/2020
Claire's Stores Inc         CLE       8.88     32.34  3/15/2019
Claire's Stores Inc         CLE      10.50     54.57   6/1/2017
Claire's Stores Inc         CLE       7.75     17.50   6/1/2020
Cliffs Natural
  Resources Inc             CLF       5.95     33.65  1/15/2018
Cliffs Natural
  Resources Inc             CLF       4.80     20.68  10/1/2020
Cliffs Natural
  Resources Inc             CLF       4.88     20.62   4/1/2021
Cliffs Natural
  Resources Inc             CLF       5.90     22.76  3/15/2020
Cliffs Natural
  Resources Inc             CLF       7.75     29.00  3/31/2020
Colt Defense LLC /
  Colt Finance Corp         CLTDEF    8.75      4.28 11/15/2017
Colt Defense LLC /
  Colt Finance Corp         CLTDEF    8.75      6.88 11/15/2017
Colt Defense LLC /
  Colt Finance Corp         CLTDEF    8.75      6.88 11/15/2017
Community Choice
  Financial Inc             CCFI     10.75     24.50   5/1/2019
Comstock Resources Inc      CRK       7.75     15.00   4/1/2019
Comstock Resources Inc      CRK       9.50     19.04  6/15/2020
Constellation
  Enterprises LLC           CONENT   10.63     63.25   2/1/2016
Constellation
  Enterprises LLC           CONENT   10.63     63.13   2/1/2016
Continental Airlines
  2001-1 Class B
  Pass Through Trust        UAL       7.37     99.59 12/15/2015
Cumulus Media
  Holdings Inc              CMLS      7.75     32.00   5/1/2019
Darden Restaurants Inc      DRI       3.35    105.50  11/1/2022
Darden Restaurants Inc      DRI       4.50    110.25 10/15/2021
EPL Oil & Gas Inc           EXXI      8.25     32.00  2/15/2018
EXCO Resources Inc          XCO       7.50     29.05  9/15/2018
EXCO Resources Inc          XCO       8.50     22.95  4/15/2022
Emerald Oil Inc             EOX       2.00     35.50   4/1/2019
Endeavour
  International Corp        END      12.00      6.00   3/1/2018
Endeavour
  International Corp        END      12.00      6.00   3/1/2018
Endeavour
  International Corp        END      12.00      6.00   3/1/2018
Endo Finance LLC /
  Endo Finco Inc            ENDP      7.50    103.75 12/15/2020
Endo Finance LLC /
  Endo Finco Inc            ENDP      7.50    104.00 12/15/2020
Endo Health Solutions Inc   ENDP      7.00    103.75 12/15/2020
Energy & Exploration
  Partners Inc              ENEXPR    8.00     12.88   7/1/2019
Energy & Exploration
  Partners Inc              ENEXPR    8.00     12.88   7/1/2019
Energy Conversion
  Devices Inc               ENER      3.00      7.88  6/15/2013
Energy Future
  Holdings Corp             TXU       9.75     36.00 10/15/2019
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc          TXU      10.00      2.50  12/1/2020
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc          TXU      10.00      2.50  12/1/2020
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc          TXU       6.88      2.36  8/15/2017
Energy XXI Gulf Coast Inc   EXXI     11.00     42.75  3/15/2020
Energy XXI Gulf Coast Inc   EXXI      9.25     30.90 12/15/2017
Energy XXI Gulf Coast Inc   EXXI      6.88     18.00  3/15/2024
Energy XXI Gulf Coast Inc   EXXI      7.50     18.80 12/15/2021
Energy XXI Gulf Coast Inc   EXXI      7.75     15.00  6/15/2019
FBOP Corp                   FBOPCP   10.00      1.84  1/15/2009
FairPoint
  Communications Inc/Old    FRP      13.13      1.88   4/2/2018
Federal Agricultural
  Mortgage Corp             FAMCA     2.89     99.50  6/12/2023
Federal Home Loan Banks     FHLB      3.00     99.49  3/11/2027
Federal Home Loan Banks     FHLB      2.49    100.02  5/20/2022
Federal Home Loan Banks     FHLB      3.62    100.02 11/21/2029
Federal Home Loan
  Mortgage Corp             FHLMC     3.10    100.00   9/7/2027
Federal Home Loan
  Mortgage Corp             FHLMC     2.40    100.01   9/9/2022
Federal Home Loan
  Mortgage Corp             FHLMC     2.43    100.01   9/9/2022
Fleetwood Enterprises Inc   FLTW     14.00      3.56 12/15/2011
GT Advanced
  Technologies Inc          GTAT      3.00      1.38  10/1/2017
GT Advanced
  Technologies Inc          GTAT      3.00      1.38 12/15/2020
Gastar Exploration Inc      GST       8.63     51.25  5/15/2018
Getty Images Inc            GYI       7.00     34.25 10/15/2020
Getty Images Inc            GYI       7.00     31.20 10/15/2020
Goodman Networks Inc        GOODNT   12.13     24.75   7/1/2018
Goodrich Petroleum Corp     GDP       8.88     13.01  3/15/2019
Goodrich Petroleum Corp     GDP       8.88     32.00  3/15/2018
Goodrich Petroleum Corp     GDP       5.00     15.50  10/1/2032
Goodrich Petroleum Corp     GDP       8.88     53.75  3/15/2018
Goodrich Petroleum Corp     GDP       8.88     12.25  3/15/2019
Goodrich Petroleum Corp     GDP       8.88     12.25  3/15/2019
Gymboree Corp/The           GYMB      9.13     21.88  12/1/2018
Halcon Resources Corp       HKUS      9.75     31.44  7/15/2020
Halcon Resources Corp       HKUS      8.88     31.87  5/15/2021
Halcon Resources Corp       HKUS      9.25     31.19  2/15/2022
Hexion Inc                  HXN       7.88     20.25  2/15/2023
Horsehead Holding Corp      ZINC      3.80     31.38   7/1/2017
ION Geophysical Corp        IO        8.13     48.66  5/15/2018
JPMorgan Chase & Co         JPM       5.80     99.88  1/15/2037
JPMorgan Chase & Co         JPM       5.75    100.00 12/15/2036
John Hancock Life
  Insurance Co              MFCCN     1.86     97.50 12/15/2015
Key Energy Services Inc     KEG       6.75     29.50   3/1/2021
Las Vegas Monorail Co       LASVMC    5.50      5.00  7/15/2019
Lehman Brothers
  Holdings Inc              LEH       4.00      5.63  4/30/2009
Lehman Brothers
  Holdings Inc              LEH       5.00      5.63   2/7/2009
Lehman Brothers Inc         LEH       7.50      3.75   8/1/2026
Linn Energy LLC /
  Linn Energy Finance Corp  LINE      8.63     24.00  4/15/2020
Linn Energy LLC /
  Linn Energy Finance Corp  LINE      6.25     24.00  11/1/2019
Linn Energy LLC /
  Linn Energy Finance Corp  LINE      6.50     27.00  5/15/2019
Linn Energy LLC /
  Linn Energy Finance Corp  LINE      7.75     20.25   2/1/2021
Linn Energy LLC /
  Linn Energy Finance Corp  LINE      6.50     17.00  9/15/2021
Linn Energy LLC /
  Linn Energy Finance Corp  LINE      6.25     24.63  11/1/2019
Linn Energy LLC /
  Linn Energy Finance Corp  LINE      6.25     24.63  11/1/2019
MF Global Holdings Ltd      MF        3.38      1.48   8/1/2018
MF Global Holdings Ltd      MF        9.00      1.48  6/20/2038
MModal Inc                  MODL     10.75     10.13  8/15/2020
Magnetation LLC /
  Mag Finance Corp          MAGNTN   11.00     15.00  5/15/2018
Magnetation LLC /
  Mag Finance Corp          MAGNTN   11.00     15.13  5/15/2018
Magnetation LLC /
  Mag Finance Corp          MAGNTN   11.00     15.13  5/15/2018
Magnum Hunter
  Resources Corp            MHRC      9.75     39.50  5/15/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO      10.75     16.14  10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO       9.25     16.00   6/1/2021
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO      10.75     16.13  10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO      10.75     16.13  10/1/2020
Modular Space Corp          MODSPA   10.25     48.50  1/31/2019
Modular Space Corp          MODSPA   10.25     58.50  1/31/2019
Molycorp Inc                MCP      10.00      5.25   6/1/2020
Murray Energy Corp          MURREN   11.25     22.75  4/15/2021
Murray Energy Corp          MURREN   11.25     24.25  4/15/2021
Murray Energy Corp          MURREN    9.50     21.25  12/5/2020
Murray Energy Corp          MURREN    9.50     21.25  12/5/2020
Navient Corp                NAVI      4.10     95.75 12/15/2015
Navient Corp                NAVI      2.05     99.00 12/15/2015
Navient Corp                NAVI      2.25     99.25 12/15/2015
Navient Corp                NAVI      2.25     95.88 12/15/2015
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN   12.25     25.50  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN   12.25     25.50  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN   12.25     25.00  5/15/2019
Nine West Holdings Inc      JNY       6.88     28.00  3/15/2019
Noranda Aluminum
  Acquisition Corp          NOR      11.00     15.14   6/1/2019
Nuverra Environmental
  Solutions Inc             NES       9.88     35.11  4/15/2018
OMX Timber Finance
  Investments II LLC        OMX       5.54     12.05  1/29/2020
Peabody Energy Corp         BTU       6.00     22.05 11/15/2018
Peabody Energy Corp         BTU       6.25     15.59 11/15/2021
Peabody Energy Corp         BTU      10.00     21.94  3/15/2022
Peabody Energy Corp         BTU       4.75      7.01 12/15/2041
Peabody Energy Corp         BTU       6.50     15.42  9/15/2020
Peabody Energy Corp         BTU       7.88     15.66  11/1/2026
Peabody Energy Corp         BTU      10.00     24.67  3/15/2022
Peabody Energy Corp         BTU       6.00     89.00 11/15/2018
Peabody Energy Corp         BTU       6.00     17.25 11/15/2018
Peabody Energy Corp         BTU       6.25     15.50 11/15/2021
Peabody Energy Corp         BTU       6.25     15.50 11/15/2021
Penn Virginia Corp          PVA       8.50     20.88   5/1/2020
Penn Virginia Corp          PVA       7.25     17.05  4/15/2019
Permian Holdings Inc        PRMIAN   10.50     39.00  1/15/2018
Permian Holdings Inc        PRMIAN   10.50     38.63  1/15/2018
Principal Life Global
  Funding II                PFG       1.00     99.60 12/11/2015
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                PRSPCT   10.25     50.50  10/1/2018
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                PRSPCT   10.25     54.50  10/1/2018
Quicksilver Resources Inc   KWKA      9.13      4.75  8/15/2019
Quicksilver Resources Inc   KWKA     11.00      6.75   7/1/2021
Quiksilver Inc /
  QS Wholesale Inc          ZQK      10.00      8.50   8/1/2020
RAAM Global Energy Co       RAMGEN   12.50      8.75  10/1/2015
RS Legacy Corp              RSH       6.75      0.50  5/15/2019
RS Legacy Corp              RSH       6.75      0.44  5/15/2019
Rex Energy Corp             REXX      8.88     24.25  12/1/2020
Roundy's Supermarkets Inc   RNDY     10.25    114.13 12/15/2020
Roundy's Supermarkets Inc   RNDY     10.25    114.13 12/15/2020
Sabine Oil & Gas Corp       SOGC      7.25      8.00  6/15/2019
Sabine Oil & Gas Corp       SOGC      9.75     10.50  2/15/2017
Sabine Oil & Gas Corp       SOGC      7.50     14.75  9/15/2020
Sabine Oil & Gas Corp       SOGC      7.50      5.50  9/15/2020
Sabine Oil & Gas Corp       SOGC      7.50      5.50  9/15/2020
Samson Investment Co        SAIVST    9.75      1.00  2/15/2020
SandRidge Energy Inc        SD        8.75     33.50   6/1/2020
SandRidge Energy Inc        SD        7.50     15.42  3/15/2021
SandRidge Energy Inc        SD        8.75     17.00  1/15/2020
SandRidge Energy Inc        SD        8.13     14.68 10/15/2022
SandRidge Energy Inc        SD        7.50     13.19  2/15/2023
SandRidge Energy Inc        SD        8.13     24.00 10/16/2022
SandRidge Energy Inc        SD        8.75     35.00   6/1/2020
SandRidge Energy Inc        SD        7.50     25.32  2/16/2023
SandRidge Energy Inc        SD        7.50     15.88  3/15/2021
SandRidge Energy Inc        SD        7.50     15.88  3/15/2021
Sequa Corp                  SQA       7.00     33.75 12/15/2017
Sequa Corp                  SQA       7.00     33.50 12/15/2017
Seventy Seven Energy Inc    SSE       6.50     18.00  7/15/2022
Sigma-Aldrich Corp          SIAL      3.38    104.57  11/1/2020
Simon Property Group LP     SPG       7.38    115.05  6/15/2018
SquareTwo Financial Corp    SQRTW    11.63     62.40   4/1/2017
Swift Energy Co             SFY       7.88     13.19   3/1/2022
Swift Energy Co             SFY       7.13     12.00   6/1/2017
Swift Energy Co             SFY       8.88     12.00  1/15/2020
TMST Inc                    THMR      8.00     15.25  5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO    9.75     48.25  2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO    9.75     44.00  2/15/2018
Terrestar Networks Inc      TSTR      6.50     10.00  6/15/2014
TetraLogic
  Pharmaceuticals Corp      TLOG      8.00     45.00  6/15/2019
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      10.25      9.50  11/1/2015
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      11.50     34.75  10/1/2020
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      15.00      9.00   4/1/2021
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      10.25      9.50  11/1/2015
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      10.50     10.25  11/1/2016
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      11.50     34.75  10/1/2020
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      15.00      8.50   4/1/2021
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      10.25      4.66  11/1/2015
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      10.50     12.13  11/1/2016
UCI International Inc       UCII      8.63     31.87  2/15/2019
Venoco Inc                  VQ        8.88     23.07  2/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS      11.75     18.00  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS      11.75     15.43  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS      11.75      3.25  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS      13.00      1.35   8/1/2020
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS       8.75      1.60   2/1/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS      11.75     18.00  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS      11.75      1.49  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS      11.75      1.49  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS      11.75     18.00  1/15/2019
Vulcan Materials Co         VMC      10.13     98.66 12/15/2015
W&T Offshore Inc            WTI       8.50     40.00  6/15/2019
Walter Energy Inc           WLTG      9.50     32.25 10/15/2019
Walter Energy Inc           WLTG      8.50      0.25  4/15/2021
Walter Energy Inc           WLTG      9.50     32.13 10/15/2019
Walter Energy Inc           WLTG      9.50     32.13 10/15/2019
Walter Energy Inc           WLTG      9.50     32.13 10/15/2019
Warren Resources Inc        WRES      9.00     20.50   8/1/2022
Warren Resources Inc        WRES      9.00     19.75   8/1/2022
Warren Resources Inc        WRES      9.00     19.75   8/1/2022
iHeartCommunications Inc    IHRT     10.00     40.60  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 ***