TCR_Public/160819.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, August 19, 2016, Vol. 20, No. 232

                            Headlines

1201 N. SWAN: Taps Kasey C. Nye as Legal Counsel
21ST CENTURY: Signs Waiver Agreement with Morgan Stanley, et al.
ALTOMARE AUTO: Seeks to Hire WithumSmith as Accountant
AMERICAN MEDIA: Delays Filing of June 30 Form 10-Q
AMERICAN POWER: Needs More Time to File June 30 Form 10-Q

AMERICAN SUNBELT: Can Use Cash of SFC and IRS Until Sept. 7
AMPLIPHI BIOSCIENCES: Incurs $6.3 Million Net Loss in 2nd Quarter
AMWINS GROUP: S&P Raises CCR to 'B+', Outlook Stable
AMYRIS INC: Needs Additional Financing to Continue as Going Concern
APEX ENDODONTICS OF TN: Sept. 13 Disclosure Statement Hearing Set

ARNOLD HANSEN: General Unsecured Creditors to Get 100% of Claims
ASHLEY I LLC: Exit Plan To Pay General Unsecured Creditors in Full
ASHLEY II: Files Reorganization Plan to Exit Chapter 11
ASPEN GROUP: Files Copy of Presentation Materials with SEC
BALTIMORE GRILL: Trustee Taps Fitzpatrick as Accountant

BASIC ENERGY: Defers $18.4 Million Notes Interest Payment
BION ENVIRONMENTAL: Releases Updated Company Presentation
BOISE CASCADE: S&P Affirms BB- Rating on Senior Unsecured Notes
BOOK REVIEW: Competition, Regulation, and Rationing
BREMAR DEVELOPMENT: Case Summary & 8 Unsecured Creditors

BULOVA TECHNOLOGIES: Delays Filing of June 30 Quarterly Report
BURCON NUTRASCIENCE: Incurs C$1.6-Mil. Net Loss in First Quarter
BURGI CORP: Seeks to Hire Junkermier as Accountant
CAMERON PARK: Must Pay Redding Bank $907 for Cash Use
CASPIAN SERVICES: Incurs $423,000 Net Loss in Third Quarter

CATASYS INC: Touts Rapid Rollout of OnTrak Solution
CHESTLIN LLC: Seeks to Hire Desai Eggmann as Legal Counsel
CHINA BAK: Delays Filing of June 30 Form 10-Q
CHRISTOPHER RIDGEWAY: Disclosure Statement Hearing on Sept. 6
CIRCUS FURNITURE: Taps Cunningham & Assoc. to Sell Vehicles

CLASSIC COMMUNITIES: Taps Turn Key as Real Estate Broker
CLEANFUEL USA: Files Plan and Disclosure Statement
CLEVELAND BIOLABS: Incurs $1.88 Million Net loss in Second Quarter
CORWIN PLACE: Hires Jacks Legal Group as Co-counsel
CRYOPORT INC: Secures 28 New Clients, 34% Growth in Fiscal Q1

CYRUSONE INC: S&P Raises CCR to 'BB-', Outlook Positive
DAKOTA PLAINS: Decline in Oil Price Raises Going Concern Doubt
DELL INC: Can Use Up to $75K Cash Collateral on Interim Basis
DIFFERENTIAL BRANDS: Incurs $3.60-Mil. Net Loss in Second Quarter
DIFFUSION PHARMACEUTICALS: Incurs $3.80 Million Net Loss in Q2

DIFFUSION PHARMACEUTICALS: Isaac Blech Named as Director
DOLPHIN DIGITAL: Delays Filing of Quarterly Report
DOMINION PAVING: Unsecured Creditors to Get 35% Under Exit Plan
DORAL FINANCIAL: Panel Seeks Approval of FDIC Settlement
DRAW ANOTHER CIRCLE: Hilco to Assist in Sale of IP Assets

EAST TEXAS MEDICAL CENTER: Moody's Cuts Debt Rating to Ba1
ECOSPHERE TECHNOLOGIES: Notes Amendments Delay Form 10-Q Filing
ELBIT IMAGING: Insightec Signs Cooperation Agreement with Siemens
ELEPHANT TALK: Stockholders Elect Four Directors
ELEPHANT TALK: Swings to $2.82M Net Loss in Q2 2016 Quarter

EMMAUS LIFE: Delays Filing of Quarterly Report with SEC
ENERGY XXI: Equity Panel Hires Trott & Duncan as Bermuda Counsel
EQUINIX INC: S&P Raises CCR to 'BB+', Off Watch Positive
FIRED UP: Gets Final OK to Use Cash Collateral Through Nov. 2
FORESIGHT ENERGY: Appoints Brian Sullivan as Director

FRANKLIN LOCKE: Selling Wine Collection to CANA for $9K
FREDDIE MAC: Fed. Cir. Affirms Dismissal of Former CFO's Lawsuit
FRESH & EASY: Committee Taps ASK LLP as Special Counsel
FTE NETWORKS: Reports $1.11 Million Net Loss for Second Quarter
FURR TRANSMISSIONS: Selling All Assets to Insider for $35K

GELTECH SOLUTIONS: Issues $175,000 Convertible Note to President
GENERAL PRODUCTS: Great Lakes No Longer Member of Committee
GENIUS BRANDS: Incurs $1.43 Million Net Loss in Second Quarter
GENIUS BRANDS: Issues Letter to Shareholders
GERARD BOEH FLOWERS: Hires Stanley Kirshenbaum as Counsel

GLEN ROBERT ANLIKER: Disclosure Statement Has Final Approval
GLOBAL COMMODITY: Disclosure Statement Hearing Moved to Sept. 14
GLYECO INC: Incurs $1M Q2 Net Loss, Raises Going Concern Doubt
GRAYN COMPANY: Hires Brownstein as Counsel
GRIZZLY LAND: Trustee Taps Burns Figa as Special Counsel

GUIDED THERAPEUTICS: Change in Personnel Causes Form 10-Q Delay
GUIDO DIMITRI: Plan to Pay Unsecured Claims in Full in 7 Years
GULF CHEMICAL: SiderAlloys Has $3M Offer; Auction on Sept. 7
HALCON RESOURCES: Receives Noncompliance Notice from NYSE
HAMILTON TRUCKING: Plan Confirmation Hearing Set for Sept. 15

HAPPYWORKS DAY CARE: U.S. Trustee Unable to Appoint Committee
HCSB FINANCIAL: Deregisters 9.21 Million Common Shares
HERCULES OFFSHORE: Hogan, Kasowitz Represent Equity Committee
HERNAN VELEZ JUAN: Disclosure Statement Hearing Set for Sept. 27
HMF GOLF: Seeks 150-Day Extension to Time to File Plan

HOWSE IMPLEMENT: Hires Reich Brothers as Asset Consultant
HUTCHESON MEDICAL: Trustee Taps Poole Huffman as Special Counsel
ICAGEN INC: Posts $1.18M Net Loss in Second Quarter
INDEPENDENCE TAX II: Had $210K Q1 Loss, Raises Going Concern Doubt
INDEPENDENCE TAX IV: Incurs $107,000 Net Loss in First Quarter

INTERLEUKIN GENETICS: Incurs $2.08 Million Net Loss in 2nd Quarter
JCHS CORP: Latest Plan Increases Unsecureds' Recovery to 30%
KALOBIOS PHARMACEUTICALS: Kapil Dhar Reports 6.37% Stake
KALOBIOS PHARMACEUTICALS: Reorganization Delays Form 10-Q Filing
KANKAKEE COUNTY, IL: Moody’s Affirms B1 Debt Certificate Rating

KATTOUR INC: Taps USA Lending's Zena Bardawell as Realtor
KCC INTERNATIONAL: Must File Chapter 11 Plan by Nov. 1
KENNETH ALAN SARGENT: Plan Confirmation Hearing Set for Sept. 7
KEVIN CHRISTOPHER GLEASON: Court Wants Plan, Disclosures Revised
KEY ENERGY: Reports Second Quarter 2016 Earnings

KINEMED INC: Seeks Dec. 31 Extension of Plan Filing Date
KIRBY BROTHERS: Seeks to Hire Kathleen Stoneback as Accountant
LANSING TRADE: Moody's Cuts Corporate Family Rating to B2
LARRY J. ADKINS: Taps Jason A. Burgess as Legal Counsel
LAS VEGAS JOHN: Community Bank Wants Exclusive Period Terminated

LENNAR BUFFINGTON: Court Oks Sale of Property to RSI Communities
LIBERTY INTERACTIVE: Fitch Rates Proposed Sr. Unsec. Debentures BB
LIBERTY INTERACTIVE: S&P Assigns 'BB' Rating on $500MM Debentures
LIME ENERGY: Incurs $3.76 Million Net Loss in Second Quarter
LITE SOLAR: Hires Sussman Shank as Special Counsel

LOGAN'S ROADHOUSE: Files Reorganization Plan & Disc. Statement
MARCIE ELECTRIC: Plan Confirmation Hearing Set for Sept. 14
MARINA BIOTECH: Incurs $643,000 Net Loss in Second Quarter
MARIO SILVERIO GRANADOS: Disclosures OK'd, Ch.11 Plan Confirmed
MAX EXPRESS: Court Extends Exclusive Plan Filing Date to Sept. 29

MBAC FERTILIZER: Obtains Extension of CCAA Stay Period
MCGEE EQUIPMENT: Revised Plan Earmarks $60,000 for Unsecureds
MEGA INC: Disclosures Okayed; Plan Hearing Set for Sept. 2
METROTEK ELECTRICAL: Taps Bressler Amery as Special Counsel
METROTEK ELECTRICAL: Taps Gorski & Knowlton as Legal Counsel

METROTEK ELECTRICAL: Taps Lanciano & Associates as Special Counsel
MGM RESORTS: GPM to Transfer 4.95% Stake in MGM China to MRIH
MGM RESORTS: Offering $500 Million Senior Notes
MGM RESORTS: Revises Supplemental Guarantor Financial Information
MOBIVITY HOLDINGS: Incurs $996,000 Net loss in Second Quarter

NATIONAL CINEMEDIA: Prices Offering of $250M 5.75% Senior Notes
NATIONAL CINEMEDIA: Proposes Private Offering of $250M Notes
NEONODE INC: To Raise $8.7 Million in Private Placement
NEOVASC INC: $70-Mil. Litigation Award Raise Going Concern Doubt
NET ELEMENT: Doubts Ability to Continue as Going Concern

NET ELEMENT: Reports Second Quarter 2016 Results
NIKAI PR: Hires Ruben Gonzalez as Attorney
NO PLACE LIKE HOME: Amended Plan to Pay All Creditors in Full
NO PLACE LIKE HOME: Glasper Objects to Exit Plan
NORMAN EDWARD MCMAHON: Unsecureds to be Paid 50% under Plan

NORTHERN OIL: Sacks CEO Over Alleged Securities Act Violation
O'BAR DEVELOPMENT: Court OKs Use of Cash Until Confirmation
OCULUS INNOVATIVE: Needs More Capital to Continue as Going Concern
OI SA: Felsberg Avogados, Morrison & Foerster Joins Deal Team
OLGA'S KITCHEN: Taps Plante & Moran to Audit 401k Plan

OMINTO INC: Needs More Time to File Form 10-Q
OMNICOMM SYSTEMS: Reports Financial Results for Q2 2016
ON QUE FOOD: Seeks to Hire Aristide as Accountant
PALADIN ENERGY: Can Access Cash Collateral Through Nov. 1
PANGAEA NETWORKS: $300K Sale of Assets to Cleareon Approved

PENN VIRGINIA: Milkbank Advises Noteholders in Reorganization
PHYSICAL PROPERTY: Recurring Losses Raise Going Concern Doubt
PICO HOLDINGS: Bloggers Criticize Slow Pace of Change
PLANET MERCHANT: Voluntary Chapter 11 Case Summary
PLASTIC2OIL INC: Delays Form 10-Q Over Staffing Issues

PLASTIC2OIL INC: Sold $100,000 Secured Note to Lawrence Leahy
PRESIDENTIAL REALTY: Incurs $163,000 Net Loss in Second Quarter
PRESSURE BIOSCIENCES: Posts $963K Net Income for June 30 Quarter
PROSOLUTIONS LLC: Trustee Taps Guttilla Murphy as Legal Counsel
QTS REALTY: S&P Raises CCR to BB-, Off CreditWatch

QUANTUM MATERIALS: Continues Work for Joint Development Partner
QUEST SOLUTION: Needs More Time to File June 30 Form 10-Q
RANCHO ARROYO: Selling Arroyo Grande Personal Property
RECYCLING INC: Proposes to Hire Jonathan Klein as Special Counsel
REO HOLDINGS: Trustee Hires Manier & Herod as Special Counsel

RESPONSE BIOMEDICAL: Recurring Losses Raise Going Concern Doubt
RESPONSE BIOMEDICAL: Reports Second Quarter 2016 Results
ROCK INVESTMENT: Case Summary & 20 Largest Unsecured Creditors
ROYAL CARIBBEAN CRUISES: Moody’s Affirms Ba1 Corp Family Rating
RYAN ROTH: Plan Confirmation Hearing Set for Sept. 6

SANDRIDGE ENERGY: Plan Confirmation Hearing to Begin Sept. 6
SANDRIDGE ENERGY: Posts $516 Million Net Loss for 2nd Qtr 2016
SAWYER WOOD: Disclosure Statement Hearing Set for Sept. 8
SCIO DIAMOND: Widens Q2 Net Loss to $1.26 Million
SCRANTON-LACKAWANNA: S&P Rates $24.6MM Parking Bonds BB+

SENSUS USA: S&P Puts 'B' CCR on CreditWatch Positive
SEQUENOM INC: Faces Lawsuit Over Proposed LabCorp Transaction
SOFINTEK INC: Hires Burger & Comer as Accountant
SONDIAL PROPERTIES: Proposes to Use Cash Held by CPIF Decatur
SOUTHERN SEASON: Selling Substantially All Assets to Focus

SPECTRASCIENCE INC: Posts $88K Net Loss for 2nd Quarter 2016
SPENDSMART NETWORKS: Reports Second Quarter 2016 Results
SPIRE CORP: Says Two Directors Resigned
ST. STEPHENSON M.B.: Case Summary & 2 Unsecured Creditors
STAR BODY EXPERT: Unsecured Creditors to Get 10% Under Plan

SUGARMAN'S PLAZA: Hires Phillip Stern as Accountant
SUNEDISON INC: Obtains Amendment to DIP Credit Agreement
SUNVALLEY SOLAR: Needs More Time to File Form 10-Q
TAVERNA OUZO GROUP: Exclusive Plan Filing Date Extended to Nov. 14
TECHPRECISION CORP: Posts $445,000 Net Income for First Quarter

TELKONET INC.: Incurs $672,000 Net Loss in Second Quarter
TONGJI HEALTHCARE: Delays Filing of June 30 Form 10-Q
TRANSGENOMIC INC: Recurring Losses Raise Going Concern Doubt
UNIVERSAL SECURITY: Needs More Time to File June 30 Form 10-Q
VALEANT PHARMACEUTICALS: Lenders Approve Loan Amendment

VALEANT PHARMACEUTICALS: T. Rowe Price Sues Over Losses
VERTICAL COMPUTER: Delays Filing of June 30 Form 10-Q
VISCOUNT SYSTEMS: Delays Form 10-Q to Complete Review
WANDA ORTIZ CARRERAS: Amended Plan to Pay 42% to Unsecureds
WARREN RESOURCES: Blames Bankruptcy for Delay in Form 10-Q Filing

WAVE SYSTEMS: Court Approves Disclosure Statement
WGC INC: Wants Additional 150 Days to File Plan
WHITE STAR: S&P Affirms 'CCC+' CCR, Outlook Negative
WOLVERINE WORLD: S&P Affirms 'BB+' CCR & Revises Outlook to Neg.
YAHWEH CENTER: Case Summary & 20 Largest Unsecured Creditors

ZYNEX INC: Delays Filing of June 30 Form 10-Q

                            *********

1201 N. SWAN: Taps Kasey C. Nye as Legal Counsel
------------------------------------------------
1201 N. Swan, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Arizona to hire Kasey C. Nye Lawyer, PLLC.

The firm will serve as the Debtor's legal counsel in connection
with its Chapter 11 case.  

Kasey Nye, Esq., the lawyer designated to represent the Debtor,
will be paid $275 per hour for his services.  Meanwhile, the firm's
associates and paralegals will be paid $225 per hour and $150 per
hour, respectively.

Kasey has no connections to the Debtor or any of its creditors,
according to court filings.

The firm can be reached through:

     Kasey C. Nye, Esq.
     Kasey C. Nye Lawyer, PLLC
     1661 North Swan Road, Suite 238
     Tucson, AZ 85712
     Phone: (520) 399-7361
     Fax: (520) 413-2147
     Email: knye@kcnyelaw.com

1201 N. Swan, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 16-09256) on Aug. 11,
2016.


21ST CENTURY: Signs Waiver Agreement with Morgan Stanley, et al.
----------------------------------------------------------------
21st Century Oncology Holdings, Inc. entered into an amendment and
waiver to the Credit Agreement, dated as of April 30, 2015, among
the Company, the Company's subsidiary, 21st Century Oncology, Inc.
("21C"), the lenders party thereto from time to time, Morgan
Stanley Senior Funding, Inc., as administrative agent, and the
other agents and arrangers named therein.

Amendment No. 2 provides for a limited waiver:

  (1) through Sept. 10, 2016, in respect of (a) any default or
      event of default under the Credit Agreement resulting from
      failure to provide audited annual financial statements and
      related reports and certificates for the year ended Dec. 31,
      2015, without a "going concern" or like qualification as and
      when required pursuant to the Credit Agreement and (b) any
      cross-default that may arise under the Credit Agreement as a
      result of a default or event of default under 21C's
      Indenture, dated April 30, 2015, among 21C, the guarantors
      named therein and Wilmington Trust, National Association, as
      trustee, governing 21C's 11.00% Senior Notes due 2023, which
      occurs as a result of the Company's failure to timely
      furnish to the Trustee and holders of the Notes or file with
      the Securities and Exchange Commission the financial
      information required in an annual report on Form 10-K for
      the year ended Dec. 31, 2015; and

  (2) through Sept. 30, 2016, in respect of (a) any default or
      event of default under the Credit Agreement resulting from
      failure to timely provide quarterly financial statements and

      related reports and certificates for the quarters ended
      March 31, 2016, and June 30, 2016, and (b) any cross-default
      that may arise under the Credit Agreement as a result of a
      default or event of default under the Indenture which occurs

      as a result of the Company's failure to timely furnish to
      the Trustee and holders of the Notes or file with the SEC
      the financial information required in a quarterly report on
      Form 10-Q for each of the quarters ended March 31, 2016 and
      June 30, 2016.

In addition, Amendment No. 2 requires 21C to receive:

  (1) no later than Sept. 10, 2016, net cash proceeds from the
      issuance or sale of 21C’s capital stock or from other
equity
      investments in an aggregate amount of at least $25.0     
      million;

  (2) no later than Nov. 30, 2016, additional net cash proceeds
      from the issuance or sale of 21C's capital stock or from
      other equity investments and/or sales of assets (which sale
      transactions must be deleveraging transactions on a pro
      forma basis) in an aggregate amount of at least $25.0
      million (or a lesser amount such that when combined with the

      proceeds from the First Capital Event, the total amount is
      not less than $50.0 million) (the "Second Capital Event");
      and

  (3) no later than March 31, 2017, additional net cash proceeds
      from the issuance or sale of 21C's capital stock or from
      other equity investments and/or sales of assets (which sale
      transactions must be deleveraging transactions on a pro
      forma  basis) in an aggregate amount of at least the lesser
      of (A) $75.0 million (or a lesser amount such that when
      combined with the proceeds from the First Capital Event and
      the Second Capital Event, the total amount is not less than
      $125.0 million), and (B) an amount such that, after giving
      effect to such issuance or sale of capital stock or other
      equity investments and/or sales of assets, 21C's cash and
      cash equivalents plus unused revolving loan commitments
      equals at least $120.0 million and 21C's consolidated     
      leverage ratio is not greater than 6.4 to 1.00 (the "Third
      Capital Event" and together with the First Capital Event and
      the Second Capital Event, the "Capital Events" and each, a
      "Capital Event").

Notwithstanding any qualification provided for in the above
described Capital Events, Amendment No. 2 requires that 21C
receive, on or prior to March 31, 2017, at least $50.0 million of
net cash proceeds from the issuance or sale of 21C's capital stock
or from other equity investments.

Amendment No. 2 provides for a new minimum liquidity covenant
pursuant to which 21C must maintain at least $40.0 million of
liquidity after the completion of the First Capital Event, which
will be tested monthly prior to the completion of the Third Capital
Event and quarterly thereafter.

Amendment No. 2 also amends certain existing covenants (and
definitions related thereto) in the Credit Agreement and provides
for additional restrictions regarding the ability of 21C and
certain of its subsidiaries to incur additional debt, make
restricted payments and make investments.  These covenants are
subject to a number of important limitations and exceptions.

                      Supplemental Indenture

On Aug. 16, 2016, 21C received the requisite consents from the
holders of a majority of the aggregate principal amount of the
Notes outstanding to enter into a third supplemental indenture to
the Indenture.

The Supplemental Indenture provides for a limited waiver:

(1) through Sept. 10, 2016, in respect of certain defaults or
events of default under the Indenture resulting from failure to
timely furnish to the Trustee and holders of the Notes or file with
the SEC the 2015 SEC Report; and

(2) through Sept. 30, 2016, in respect of certain defaults or
events of default under the Indenture resulting from failure to
timely furnish to the Trustee and holders of the Notes or file with
the SEC the Quarterly SEC Reports.

The Supplemental Indenture requires 21C to complete each Capital
Event as described above and in the same time frame described
above.

The Supplemental Indenture provides for a new minimum liquidity
covenant pursuant to which 21C must maintain at least $40.0 million
of liquidity after the completion of the First Capital Event, which
will be tested monthly prior to the completion of the Third Capital
Event and quarterly thereafter.

The Supplemental Indenture also amends certain existing covenants
(and definitions related thereto) in the Indenture and provides for
additional restrictions regarding the ability of 21C and certain of
its subsidiaries to incur additional debt and pay dividends on or
make distributions in respect of their equity interests or make
other restricted payments.  These covenants are subject to a number
of important limitations and exceptions.

Pursuant to the Supplemental Indenture, in addition to any cash
interest provided for in the Indenture, during the period starting
on August 1, 2016 through August 31, 2016, holders of the Notes
will be entitled to PIK interest at a rate of 0.75% per annum,
which rate will increase by an additional 0.75% per annum on the
first day of each subsequent month, commencing on September 1,
2016.  PIK interest will be paid monthly on the first day of each
month, starting on September 1, 2016. PIK interest will stop
accruing on the date of completion of the Third Capital Event, and
the last PIK interest payment will be made on the first day of the
month following such date.

The Supplemental Indenture also provides that the holders of a
majority of the aggregate principal amount of the Notes outstanding
shall have the right to designate one non-voting board observer to
attend meetings of the Board of Directors of each of the Company
and 21C until the date of completion of the Third Capital Event.

                       About 21st Century

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

As of Sept. 30, 2015, the Company had $1.09 billion in total
assets, $1.33 billion in total liabilities, $370 million in
series A convertible redeemable preferred stock, $19.9 million in
noncontrolling interests and a total deficit of $623 million.

                           *     *     *

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

As reported by the TCR on May 20, 2016, S&P Global Ratings lowered
its corporate credit rating on 21st Century to 'CCC' from 'B-' and
placed the rating on CreditWatch with negative implications.


ALTOMARE AUTO: Seeks to Hire WithumSmith as Accountant
------------------------------------------------------
Altomare Auto Group, LLC and Altomare 22 Union, LLC seek approval
from the U.S. Bankruptcy Court for the District of New Jersey to
hire an accountant in connection with their Chapter 11 cases.

The Debtors propose to hire WithumSmith & Brown to prepare and file
their tax returns.  The firm's professionals and their hourly rates
are:

     Partner        $354
     Manager        $314
     Supervisor     $254
     Senior         $224

Elliot DeSanto, a certified public accountant, disclosed in a court
filing that his firm is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm may be reached at:

     Elliot J. DeSanto
     CPA, Partner
     WithumSmith+Brown
     506 Carnegie Center #400
     Princeton, NJ 08540
     Tel: 732-572-3900
     E-mail: edesanto@withum.com

The Debtors are represented by:

     Daniel M. Stolz, Esq.
     Leonard C. Walczyk, Esq.
     Wasserman, Jurista & Stolz, P.C.
     110 Allen Road, Suite 304
     Basking Ridge, NJ 07920
     Phone: (973) 467-2700
     Fax: (973) 467-8126
     Email: dstolz@wjslaw.com

                        About Altomare

Altomare Auto Group, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 16-22376) on June 27,
2016.  On June 30, 2016, Altomare 22 Union, LLC filed a Chapter 11
petition (Bankr. D. N.J. Case No. 16-22628).  The petitions were
signed by Anthony Altomare, managing member.  

The cases are jointly administered and are assigned to Judge John
K. Sherwood.

At the time of the filing, Altomare Auto disclosed $9.04 million in
assets and $12.78 million in liabilities.  Meanwhile, Altomare 22
disclosed $256,877 in assets and $6.24 million in liabilities.


AMERICAN MEDIA: Delays Filing of June 30 Form 10-Q
--------------------------------------------------
American Media, Inc., disclosed in a regulatory filing with the
Securities and Exchange Commission that it could not complete the
filing of its quarterly report on Form 10-Q for the fiscal quarter
ended June 30, 2016, within the prescribed time period due to a
delay in obtaining and compiling information required to be
included therein, which delay could not be eliminated by the
Company without unreasonable effort and expense.

The Company expects to report total operating revenues of $49.0
million and operating income of $5.6 million for the quarter ended
June 30, 2016, compared to total operating revenues of $56.1
million and operating income of $5.0 million reported for the
quarter ended June 30, 2015.  The decline in operating revenues
were due to (i) the decline in the celebrity magazine market, (ii)
the decline in advertising pages sold due to the continuing trend
of advertisers shifting advertising spending from print to other
media sources and (iii) the timing of certain non-recurring revenue
streams.

                       About American Media

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

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

American Media reported net income of $18.0 million on $223 million
of total operating revenues for the fiscal year ended March 31,
2016, compared to a net loss of $25.9 million on $245 million of
total operating revenues for the fiscal year ended March 31, 2015.
As of March 31, 2016, American Media had $422 million in total
assets, $501 million in total liabilities, $3 million in redeemable
non-controlling interests and a $82.5 million total stockholders'
deficit.

                           *     *     *

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

As reported by the TCR on March 29, 2016, Standard & Poor's Ratings
Services said that it lowered its corporate credit rating on Boca
Raton, Fla.-based American Media Inc. to 'SD' (selective default)
from 'CCC+'.  The downgrades follow American Media's announcement
that it has completed an exchange of $58.9 million of its existing
11.5% first-lien senior secured notes due 2017 for $78 million 7%
senior secured second-lien notes due 2020.  Concurrent with the
exchange, the company issued and distributed about $83.5 million of
additional second-lien notes to equity holders.


AMERICAN POWER: Needs More Time to File June 30 Form 10-Q
---------------------------------------------------------
American Power Group Corporation filed a Form 12b-25 with the
Securities and Exchange Commission notifying the delay in the
filing of its quarterly report on Form 10-Q for the period ended
June 30, 2016.  The Company said additional time is required in
order to prepare and file its Form 10Q for the quarter ended June
30, 2016.  The Company further represents that the Form 10-Q will
be filed by no later than the 5th calendar day following the date
on which the Form 10-Q was due.

The Company anticipates reporting revenues of approximately
$524,000 for the three months ended June 30, 2016, as compared to
approximately $556,000 for the three months ended June 30, 2015.
Because the Company's dual fuel technology displaces higher cost
diesel fuel with lower cost and cleaner burning natural gas, the
recent decrease in oil/diesel pricing has impacted the timing of
dealer restocking orders and the implementation schedules of
existing and prospective customers in the near term due to the
current tighter price spread between diesel and natural gas.

The Company anticipates reporting a net loss of approximately $1.45
million for the three months ended June 30, 2016, as compared to a
net loss of approximately $1.60 million for the three months ended
June 30, 2015.  The results for the three months ended June 30,
2016 and 2015 reflect the inclusion of approximately $6,000 and
$154,000, respectively, of other non-cash income associated with
the revaluation of certain outstanding investor warrants.  The
results for the three months ended June 30, 2015 also included
approximately $454,000 of non-cash expense associated with the term
extension on certain investor warrants.

As a result of the net losses incurred to date, the Company
anticipates reporting a net working capital deficit of
approximately $2.62 million at June 30, 2016, as compared to a net
working capital deficit of approximately $1.27 million at June 30,
2015.

                   About American Power Group

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

For the 12 months ended Sept. 30, 2015, the Company reported a net
loss available to common shareholders of $1.04 million on $2.95
million of net sales compared to a net loss available to common
shareholders of $920,000 on $6.28 million of net sales for the 12
months ended Sept. 30, 2014.

As of March 31, 2016, American Power had $10.8 million in total
assets, $9.04 million in total liabilities and $1.73 million in
total stockholders' equity.


AMERICAN SUNBELT: Can Use Cash of SFC and IRS Until Sept. 7
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
authorized American Sunbelt Enterprises, Inc. to use the Cash
Collateral of Swift Financial Corporation and the Internal Revenue
Service through September 7, 2016.

The Debtor was authorized to use Cash Collateral to pay its
reasonable and necessary operating expenses, including, but not
limited to, salaries, gross pre-petition wages, withholdings and
deductions, post-petition wages, withholdings and deductions,
supplies, quarterly fees to the U.S. Trustee, routine repair and
maintenance expenses, inventory purchases, taxes, and insurance.

Swift Financial and the IRS were granted replacement liens and
security interests in the Debtor’s cash and receipts but only to
the same extent, validity and priority that the liens and security
interests existed prior to the bankruptcy filing and subject to the
Debtor’s reservation of rights to contest the validity of SFC’s
security interest.

The Debtor was directed to make a one-time payment to Swift
Financial in the amount of $1,500.00 on August 30, 2016, as further
adequate protection to Swift Financial.

The Final Hearing on the use of Cash Collateral is scheduled on
August 31, 2016 at 1:15 p.m.

A full-text copy of the Interim Cash Collateral Order dated August
11, 2016 is available at http://tinyurl.com/htt6kfn


                         About American Sunbelt

American Sunbelt Enterprises, Inc. filed a Chapter 11 petition
(Bankr. N.D. Tex. Case No. 16-33151), on August 5, 2016.  The
petition was signed by David Watson, president.

The case is assigned to Hon. Barbara J. Houser.  The Debtor is
represented by Areya Holder, Esq., at the Law Office of Areya
Holder, P.C.
                         
At the time of filing, the Debtor had $1 million to $10 million in
estimated assets and $100,000 to $500 million in estimated
liabilities. The Debtor did not include a list of its largest
unsecured creditors when it filed the petition.


AMPLIPHI BIOSCIENCES: Incurs $6.3 Million Net Loss in 2nd Quarter
-----------------------------------------------------------------
Ampliphi Biociences Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss attributable to common stockholders of $6.35 million on
$103,000 of revenue for the three months ended June 30, 2016,
compared to net income attributable to common stockholders of $8.94
million on $102,000 of revenue for the three months ended June 30,
2015.

For the six months ended June 30, 2016, the Company reported a net
loss attributable to common stockholders of $11.18 million on
$209,000 of revenue compared to a net loss attributable to common
stockholders of $5.89 million on $204,000 of revenue for the same
period last year.

"We have made significant progress executing on our clinical
programs and look forward to presenting top-line data for both
clinical trials later this year," said M. Scott Salka, CEO of
AmpliPhi Biosciences.  "The threat posed by drug-resistant
infections is universally acknowledged.  World leaders from
government, medical and scientific communities continue to stress
the importance of addressing this threat, and we remain confident
that bacteriophage-based therapies will not only provide a
potential alternative to existing broad-spectrum antibiotics, but
will also be used to resensitize antibiotic-resistant infections to
increasingly ineffective drugs, thereby ensuring the continued
effectiveness of the drugs we currently use to treat serious,
life-threatening infections."

As of June 30, 2016, Ampliphi had $29.27 million in total assets,
$7.79 million in total liabilities and $21.48 million in total
stockholders' equity.

The Company has incurred net losses since inception through
June 30, 2016 of $369.5 million, of which $315.5 million was
incurred as a result of the Company's prior focus on gene therapy
in fiscal years 2010 and earlier.  The Company has not generated
any product revenues and do not expect to generate revenue from
product candidates in the near term.

The Company had cash and cash equivalents of $7.1 million and $9.4
million at June 30, 2016 and Dec. 31, 2015, respectively.

"Our ability to raise additional funds will depend in part on the
success of our preclinical studies and clinical trials and other
product development activities, regulatory events, our ability to
identify and enter into in-licensing or other strategic
arrangements, and other events or conditions that may affect our
value or prospects, as well as, factors related to financial,
economic and market conditions, many of which are beyond our
control.

"We cannot be certain that sufficient funds will be available to us
when required or on acceptable terms.  If we are unable to secure
additional funds on a timely basis or on acceptable terms we may be
required to defer, reduce or eliminate significant planned
expenditures, restructure, curtail or eliminate some or all of our
development programs or other operations, dispose of technology or
assets, pursue an acquisition of our company by a third party at a
price that may result in a loss on investment for our stockholders,
enter into arrangements that may require us to relinquish rights to
certain of our product candidates, technologies or potential
markets, file for bankruptcy or cease operations altogether.  Any
of these events could have a material adverse effect on our
business, financial condition and results of operations.  Moreover,
if we are unable to obtain additional funds on a timely basis,
there will be substantial doubt about our ability to continue as a
going concern and increased risk of insolvency and loss of
investment by our stockholders.  To the extent that additional
capital is raised through the sale of equity or convertible debt
securities, the issuance of such securities could result in
dilution to our existing stockholders," the Company stated in the
report.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/ixl2Ip

                          About AmpliPhi

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

Ampliphi Biosciences reported a net loss attributable to common
stockholders of $10.79 million on $475,000 of revenue for the year
ended Dec. 31, 2015, compared to net income attributable to common
stockholders of $21.8 million on $409,000 of revenue for the year
ended Dec. 31, 2014.

Ernst & Young LLP, in Richmond, Virginia, issued a "going concern"
qualification on the Company's consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company has
recurring losses from operations and has a net capital deficiency
that raise substantial doubt about its ability to continue as a
going concern.


AMWINS GROUP: S&P Raises CCR to 'B+', Outlook Stable
----------------------------------------------------
S&P Global Ratings said that it raised its long-term corporate
credit rating on core subsidiary AmWINS Group LLC to 'B+' from 'B'
and assigned S&P's 'B+' long-term corporate credit rating to
holding company AmWINS Group Inc.  The outlook is stable.  At the
same time, S&P is affirming its '3' recovery rating on AmWINS's
first-lien debt and S&P's '6' recovery rating on the company's
second-lien debt, resulting in the first-lien senior secured debt
rating being raised to 'B+' from 'B' and the second-lien senior
secured debt rating being raised to 'B-' from 'CCC+'.

"The rating change reflects our view that AmWINS's continued strong
earnings fundamentals and reduced private-equity ownership have
resulted in an improving and less-volatile overall credit profile
relative to peers'," said S&P Global Ratings credit analyst Neal
Freedman.  AmWINS's business risk profile reflects its dominant
market position as the largest U.S. wholesale broker by revenue,
its diversified business segments, and its extensive broker and
carrier relationship that fosters stable margins throughout the
insurance underwriting cycle, which S&P assess at the high end of
the category.  The company continues to demonstrate favorable
performance.

S&P believes AmWINS's credit profile benefits not only from
continued earnings momentum but also from the change in ownership
structure that occurred in April 2015, resulting in a reduction in
private equity ownership to one-third.  Although S&P views AmWINS's
leverage as already more conservative than peers', the ownership
change gives us additional comfort that the company's credit
metrics will remain at these more-conservative levels due to a
less-aggressive financial policy.

The stable outlook reflects S&P's expectation that AmWINS will
continue to grow its revenue base while maintaining healthy and
stable margins and a more-conservative financial policy resulting
from the reduced private equity ownership.  For 2016, S&P expects
the company to have revenue growth in the mid- to high-single
digits, and S&P expects margins to remain steady at about 30% with
a debt-to-EBITDA ratio of 5.0x–5.5x and EBTDA coverage in the
2.5x-3.0x range.  S&P also expects the company's business position
to remain on the higher end of fair, and the company to maintain
its dominant position as the largest U.S. wholesale broker.

S&P may lower the current ratings by one notch if AmWINS's earnings
or debt levels result in a debt-to-EBITDA ratio consistently
greater than 6.0x or coverage consistently below 2.5x.  This could
occur if the company's earnings were to decline as a result of
negative growth or compressed margins, or if the company were to
adopt a more-aggressive financial policy.

S&P may raise the current ratings by one notch if AmWINS continues
its earnings growth while maintaining financial leverage
consistently under 5.0x and coverage of at least 3.0x.  This would
likely occur through a less-aggressive financial policy coupled
with revenue growth (about 7.5% in the first half of 2016 compared
with the previous period) and stable margins (about 30% on an
EBITDA basis).


AMYRIS INC: Needs Additional Financing to Continue as Going Concern
-------------------------------------------------------------------
Amyris, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $13.57 million on $9.60 million of total revenues for the three
months ended June 30, 2016, compared to a net loss of $47.16
million on $7.84 million of total revenues for the three months
ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $28.87 million on $18.41 million of total revenues compared
to a net loss of $99.42 million on $15.71 million of total revenues
for the same period during the prior year.

As of June 30, 2016, Amyris had $105.86 million in total assets,
$255.05 million in total liabilities, $5 million in contingently
redeemable common stock, and $154.18 million in total stockholders'
deficit.

The Company has incurred significant operating losses since its
inception and believes that it will continue to incur losses and
negative cash flow from operations into at least 2017.  As of June
30, 2016, the Company had negative working capital of $108.3
million, an accumulated deficit of $1,066.0 million, and cash, cash
equivalents and short term investments of $2.5 million.  The
Company will need to raise cash from additional financing or
strategic asset divestment as early as the third quarter of 2016 to
support its liquidity needs.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.   

As of June 30, 2016, the Company's debt, net of discount and
issuance costs of $44.7 million, totaled $181.4 million, of which
$80.0 million is classified as current.  In addition to upcoming
debt maturities, the Company's debt service obligations over the
next twelve months are significant, including $21.0 million of
anticipated cash interest payments.  The Company's debt agreements
contain various covenants, including certain restrictions on the
Company's business that could cause the Company to be at risk of
defaults, such as the requirement to maintain unrestricted,
unencumbered cash in defined U.S. bank accounts in an amount equal
to at least 50% of the principal amount outstanding under its loan
facility with Stegodon Corporation, as assignee of Hercules
Capital, Inc.  The Company has received a waiver of compliance with
such covenant through October 31, 2016.  A failure to comply with
the covenants and other provisions of the Company's debt
instruments, including any failure to make a payment when required
would generally result in events of default under such instruments,
which could permit acceleration of such indebtedness.  If such
indebtedness is accelerated, it would generally also constitute an
event of default under the Company's other outstanding
indebtedness, permitting acceleration of such other outstanding
indebtedness.  Any required repayment of such indebtedness as a
result of acceleration or otherwise would consume current cash on
hand such that the Company would not have those funds available for
use in its business or for payment of other outstanding
indebtedness.

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

                      http://bit.ly/2aRZtKe

                        About Amyris, Inc.

Emeryville, Calif.-based Amyris, Inc., is an industrial
biotechnology company.  The Company applies its technology platform
to engineer, manufacture and sell products into a range of consumer
and industrial markets, including cosmetics, flavors & fragrances
(or F&F), solvents and cleaners, polymers, lubricants, healthcare
products and fuels, and seeks to apply its technology to the
development of pharmaceuticals products.



APEX ENDODONTICS OF TN: Sept. 13 Disclosure Statement Hearing Set
-----------------------------------------------------------------
The hearing to consider approval of the Disclosure Statement
explaining Apex Endodontics of TN, PLLC's Chapter 11 plan will be
held Sept. 13, 2016, at 9 a.m. at the U.S. Bankruptcy Court for
Middle District of Tennessee, Courtroom 3, Second Floor, Customs
House, 701 Broadway, Nashville, Tennessee 37203.

Sept. 9 is fixed as the last day for filing and serving in
accordance with Fed. R. Bankr. P. 3017(a) written objections to the
Disclosure Statement.

Attorneys for Apex Endodontics of TN, PLLC:

        Griffin S. Dunham, Esq.
        Alex Payne, Esq.
        DUNHAM HILDEBRAND, PLLC
        2510 Franklin Pike, Suite 210
        Nashville, TN 37204
        Tel: 615.933.5850
        E-mail: griffin@dhnashville.com
                alex@dhnashville.com

                About Apex Endodontics of TN, PLLC

Apex Endodontics of TN, PLLC, sought protection under Chapter 11
(Bankr. M.D. Tenn. Case No. 16-01708) on March 10, 2016. The
petition was signed by Graham Locke, DDS, member.  The Debtor is
represented by Griffin S. Dunham, Esq., at Dunham Hildebrand,
PLLC.
The case is assigned to Judge Marian F. Harrison.  The Debtor
estimated assets of $500,000 to $1 million and debts of $1 million
to $10 million at the time of the filing.


ARNOLD HANSEN: General Unsecured Creditors to Get 100% of Claims
----------------------------------------------------------------
General unsecured creditors of Arnold Hansen, a realtor, will be
paid in full under his proposed plan to exit Chapter 11
protection.

Under the restructuring plan, general unsecured creditors will
receive 100% of their Class 5 claims, with 0.12% interest.  These
creditors will receive a one-time payment on or before April 30,
2019.

The payment will be made from proceeds derived from the sale of the
Debtor's rental property, inherited home, 4.05 acres and other real
property, according to his disclosure statement filed with the U.S.
Bankruptcy Court for the Western District of Washington.

A copy of the disclosure statement is available for free at
https://is.gd/VzbkCJ

The Debtor is represented by:

     Jennifer L. Neeleman, Esq.
     Neeleman Law Group
     1904 Wetmore Ave., Suite 200
     Everett, WA 98201
     Phone: 425-212-4800

                       About Arnold Hansen

Arnold C. Hansen, a realtor, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W. D. Wash. Case No. 15-14368).  The
Debtor is represented by Jennifer L. Neeleman, Esq., at Neeleman
Law Group.


ASHLEY I LLC: Exit Plan To Pay General Unsecured Creditors in Full
------------------------------------------------------------------
Ashley I, LLC, filed with the U.S. Bankruptcy Court for the
District of South Carolina its proposed plan to exit Chapter 11
protection.

Under the restructuring plan, Class 6 general unsecured claims of
Ashley's trade vendors will be paid in full, without interest,
within 90 days after the effective date of the plan.    

The total amount of claims being paid in Class 6 is $16,271.

Post-petition amounts due to trade vendors are not included in
Class 6.  These amounts will be paid in full as administrative
priority claims, according to the disclosure statement explaining
the plan.

A copy of the disclosure statement is available for free at
https://is.gd/ZHqPon

Ashley's bankruptcy case is jointly administered with the case of
Ashley II of Charleston, LLC, which filed a separate Chapter 11
plan of reorganization.  

Under Ashley II's proposed plan, trade vendors holding general
unsecured claims will receive full payment, without interest,
within 90 days after the effective date of the plan.  

The total payment to all Class 7 creditors is $121,311.

Post-petition amounts due to trade vendors are not included in
Class 7 and will be paid in full as administrative priority claims,
according to Ashley II's disclosure statement, a copy of which is
available for free at https://is.gd/1DGwjP

                        About Ashley I

Ashley I, LLC, and Ashley II of Charleston, LLC, sought protection
under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy
Court for the District of South Carolina (Charleston) (Lead Case
No. 16-00559) on Feb. 8, 2016.  The petitions were signed by
Prodel, LLC manager.

The Debtors are represented by G. William McCarthy, Jr., Esq.,
William Harrison Penn, Esq., and Daniel J. Reynolds, Jr., Esq., at
McCarthy, Reynolds & Penn, LLC.  

At the time of the filing, Ashley I disclosed total assets of $5.17
million and total debts of $18.71 million.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in
the
Chapter 11 case of Ashley II of Charleston, LLC.


ASHLEY II: Files Reorganization Plan to Exit Chapter 11
-------------------------------------------------------
Ashley II of Charleston, LLC, filed with the U.S. Bankruptcy Court
for the District of South Carolina a proposed plan under which
trade vendors holding general unsecured claims will receive full
payment, without interest, within 90 days after the effective date
of the plan.  

The total payment to all Class 7 creditors is $121,311.

Post-petition amounts due to trade vendors are not included in
Class 7 and will be paid in full as administrative priority claims,
according to Ashley II's disclosure statement, a copy of which is
available for free at https://is.gd/1DGwjP

Ashley II's bankruptcy case is jointly administered with the case
of Ashley I, LLC, which filed a separate Chapter 11 plan of
reorganization.

Under Ashley I's proposed plan, Class 6 general unsecured claims of
Ashley's trade vendors will be paid in full, without interest,
within 90 days after the effective date of the plan.    

The total amount of claims being paid in Class 6 is $16,271.

Post-petition amounts due to trade vendors are not included in
Class 6.  These amounts will be paid in full as administrative
priority claims, according to the disclosure statement explaining
the plan.

A copy of Ashley I's disclosure statement is available for free at
https://is.gd/ZHqPon

              About Ashley I and Ashley II

Ashley I, LLC, and Ashley II of Charleston, LLC, sought protection
under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy
Court for the District of South Carolina (Charleston) (Lead Case
No. 16-00559) on Feb. 8, 2016.  The petitions were signed by
Prodel, LLC manager.

The Debtors are represented by G. William McCarthy, Jr., Esq.,
William Harrison Penn, Esq., and Daniel J. Reynolds, Jr., Esq., at
McCarthy, Reynolds & Penn, LLC.  

At the time of the filing, Ashley I disclosed total assets of $5.17
million and total debts of $18.71 million.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in
the
Chapter 11 case of Ashley II of Charleston, LLC.


ASPEN GROUP: Files Copy of Presentation Materials with SEC
----------------------------------------------------------
Aspen Group, Inc., has prepared a presentation for members of the
investment community which discloses updated information about the
Company.  The presentation materials are available for free at:

                      https://is.gd/YzBgc8

                       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 $2.24 million on $8.45 million
of revenues for the year ended April 30, 2016, compared to a net
loss of $4.26 million on $5.22 million of revenues for the year
ended April 30, 2015.

As of April 30, 2016, Aspen had $4.50 million in total assets,
$2.69 million in total liabilities and $1.81 million in total
stockholders' equity.


BALTIMORE GRILL: Trustee Taps Fitzpatrick as Accountant
-------------------------------------------------------
The Chapter 11 trustee of Baltimore Grill, Inc. seeks approval from
the U.S. Bankruptcy Court for the District of New Jersey to hire
Fitzpatrick, Bongiovanni & Kelly.

The firm will provide these accounting services to the trustee in
connection with the Debtor's Chapter 11 case:

     (a) review of the tax obligations of the Debtor and its
         estate;

     (b) preparation of tax returns for the estate as required;

     (c) analysis of the claims asserted by secured creditors and
         others;

     (d) attendance at meetings pursuant to the trustee's request;
         and

     (e) performance of other duties to assist the trustee in the
         administration of the case, including the preparation of
         reports as required by the U.S. trustee.

The firm's professionals and their hourly rates are:

     Thomas Aromando, CPA     $200
     Paula Rowe               $75
     Bookkeeper               $75  

Mr. Aromando disclosed in a court filing that the firm is
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

Fitzpatrick can be reached through:

     Thomas J. Aromando
     Fitzpatrick, Bongiovanni & Kelly
     401 New Road, Suite 102
     Linwood, NJ 08221

                      About Baltimore Grill

Baltimore Grill, Inc., aka Tony's Baltimore Grill, based in
Atlantic City, N.J., filed a Chapter 11 petition (Bankr. D. N.J.
Case No. 16-10816) on January 18, 2016.  The Hon. Jerrold N.
Poslusny Jr. presides over the case.  Ira Deiches, Esq., at Deiches
& Ferschmann, served as counsel.  In its petition, the Debtor total
assets of $1.09 million and total liabilities of $939,063.  The
petition was signed by Michael A. Tarsitano, director.

On May 24, 2016, the Court granted the request of the U.S. Trustee
to appoint a Chapter 11 trustee.  Subsequently, Catherine E.
Youngman was named as the Chapter 11 Trustee.

The Court denied the request of the Debtor to hire Michael A. Fusco
II, Esq., as Special Counsel/Provisional Director.


BASIC ENERGY: Defers $18.4 Million Notes Interest Payment
---------------------------------------------------------
Basic Energy Services, Inc., has elected to utilize the 30-day
grace period with respect to an $18.4 million interest payment due
Aug. 15, 2013, on its 7.75% senior notes due 2019.  Under the terms
of the terms of the indenture governing the 2019 Notes, the Company
has a 30-day grace period after the interest payment date before an
event of default would occur on Sept. 14, 2016.  Basic believes it
is in the best interests of all stakeholders to use the grace
period to continue to engage in discussions with its secured and
unsecured debtholders regarding strategic alternatives to improve
Basic's long-term capital structure.  There are no discussions
underway that would impair trade vendors, customers, or employees
in any regard, and the Company believes that it has ample liquidity
at this time to continue efficient and uninterrupted operations in
the ordinary course.

Roe Patterson, Basic's president and chief executive officer,
stated, "We have made the strategic choice to use the grace period
while our discussions with Basic's debtholders continue.  During
these discussions, we anticipate meeting all of our obligations to
suppliers, customers, employees, and others, as usual, and we will
continue to provide our customers with dependable, high-quality
services, which is the hallmark of our Company."

                     About Basic Energy

Energy Services, Inc. provides a wide range of well site services
in the United States to oil and natural gas drilling and producing
companies, including completion and remedial services, fluid
services, well servicing and contract drilling.  These services are
fundamental to establishing and maintaining the flow of oil and
natural gas throughout the productive life of a well.  The
Company's broad range of services enables us to meet multiple needs
of its customers at the well site.

Basic Energy reported a net loss of $241.74 million in 2015
compared to a net loss of $8.34 million in 2014.  As of June 30,
2016, Basic Energy had $1.07 billion in total assets, $1.14 billion
in total liabilities, and a $62.4 million total stockholders'
deficit.

"If we are unable to generate sufficient cash flow or are otherwise
unable to obtain the funds required to make principal and interest
payments on our indebtedness, or if we otherwise fail to comply
with the various covenants in instruments governing any existing or
future indebtedness, we could be in default under the terms of such
instruments.  In the event of a default, the holders of our
indebtedness could elect to declare all the funds borrowed under
those instruments to be due and payable together with accrued and
unpaid interest, secured lenders could foreclose on any of our
assets securing their loans and we or one or more of our
subsidiaries could be forced into bankruptcy or liquidation. If our
indebtedness is accelerated, or we enter into bankruptcy, we may be
unable to pay all of our indebtedness in full.  Any of the
foregoing consequences could restrict our ability to grow our
business and cause the value of our common stock to decline," the
Company warned in its annual report for the year ended Dec. 31,
2015.

                          *    *    *

The TCR reported on March 14, 2016, that Moody's Investors Service
downgraded Basic Energy Services, Inc.'s Corporate Family Rating
(CFR) to Caa3 from Caa1, its senior unsecured notes rating to Ca
from Caa2, and lowered its Speculative Grade Liquidity Rating to
SGL-4 from SGL-3.  The outlook remains negative.

As reported by the TCR on Aug. 17, 2016, S&P Global Ratings lowered
its long-term corporate credit rating on TX-based oilfield services
company Basic Energy Services Inc. to 'CC' from 'CCC-'.
"The downgrade follows Basic's announcement on Aug. 15, 2016, that
it has decided to defer the coupon payment on its senior unsecured
notes maturing 2019," said S&P Global Ratings credit analyst
Christine Besset.  "The payment due date was Aug. 15, 2016, and
Basic is using the 30-day grace period provided in the notes'
indenture because the company is in the process of restructuring
its balance sheet," she added.


BION ENVIRONMENTAL: Releases Updated Company Presentation
---------------------------------------------------------
On Aug. 15, 2016, Bion Environmental Technologies, Inc. placed an
updated "Company Presentation" (dated August 10, 2016) on the
Company's website, www.biontech.com.

                  About Bion Environmental

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

Bion 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 March 31, 2016, Bion had $1.87 million in total assets, $14
million in total liabilities and a total deficit of $12.12
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.


BOISE CASCADE: S&P Affirms BB- Rating on Senior Unsecured Notes
---------------------------------------------------------------
S&P Global Ratings said that it revised its recovery rating on
Boise, Idaho-based wood manufacturer Boise Cascade Co.'s senior
unsecured notes to '4' from '3'.  The '4' recovery rating indicates
average (30% to 50%; at the higher end of the range) recovery in
the event of a payment default.  The corporate credit rating,
issue-level rating, and stable rating outlook on the company are
unchanged.

On Aug. 16, 2016, S&P rated Boise Cascade's debt with the
expectation that the company would issue $300 million of senior
unsecured notes.  The company revised the transaction and issued
$350 million.  The additional $50 million of debt issuance affects
the recovery prospects of senior unsecured note holders.

                         RECOVERY ANALYSIS

Key analytical factors

   -- Since S&P's last published recovery analysis, it has revised

      the reorganization value of the company to $525 million.  
      The increase in valuation reflects generally improved
      operating conditions and recent acquisitions.  The increase
      in valuation is somewhat offset by the $75 million term loan

      the company issued in March 2016.  The term loan is a senior

      claim to the rated unsecured notes and decreases the amount
      available to senior unsecured note holders.  The issue-level

      rating on the company's senior unsecured notes remains 'BB-'

      (same as the corporate credit rating).  S&P revised the
      recovery rating on the unsecured notes to '4' from '3.'  The

      '4' recovery rating indicates S&P's expectation of average
      (30% to 50%, higher end of range) recovery in the event of
       payment default.

   -- S&P's simulated default scenario contemplates a default
      stemming from a steep decline in home construction activity
      and demand for Boise Cascade's wood products, along with
      more intense competition.  S&P assumes that, over time,
      these conditions would strain the company's available
      liquidity, as it would have to fund operating losses and
      debt service with cash on hand and credit facility
      borrowings.  Against this backdrop, the company would reach
      a point in 2020 where it would have to file Chapter 11.

Simulated default assumptions
   -- Year of default: 2020
   -- EBITDA at emergence: $105 million
   -- Implied enterprise value (EV) multiple: 5
   -- Gross EV: $525 million

Simplified waterfall:
   -- Estimated stressed valuation (after 5% administrative
      costs): $499 million
   -- Priority claims: $339 million*
   -- Remaining value to cover senior secured claims: $160 million
   -- Estimated senior secured claims: $359 million*
      -- Recovery expectations: 45%
      -- Senior unsecured notes recovery rating: '4' (30% to 50%;
      at the higher end of the range)

*Includes six months of accrued but unpaid interest.

Ratings List

Boise Cascade Co.
Corporate Credit Rating                    BB-/Stable

Rating Affirmed; Recovery Rating Revised
                                            To               From
Boise Cascade Co.
Senior Unsecured                           BB-              BB-
  Recovery Rating                           4H               3H


BOOK REVIEW: Competition, Regulation, and Rationing
---------------------------------------------------
Author:     Greenberg, Warren
Publisher:  Beard Group
Paperback:  188 pages
List Price: $34.95
Review by:  Gail Hoelscher

Order a personal copy today at http://is.gd/3sdhDD

This book is fundamental reading for those involved directly in
health care as well as those interested and concerned about the
past, present and future of the health care industry in the United
States. Originally published in 1990, Warren Greenberg examined
the U.S. health care sector over the period 1960-1988 using
standard industrial organization economic analysis. He looked at
regulation and competition, antitrust elements, technology, and
rationing, as well as pricing behavior and advertising. Although
some experts claimed the health care industry to be unique and
outside the purview of such analysis, Dr. Greenberg demonstrated
that all industries differ in their own ways, but nonetheless can
be analyzed using these techniques.

Dr. Greenberg's first goal in writing this book was to educate the
layperson about the economics of the health care industry.
Economists have pointed out two major potential differences
between health care and other sectors of the economy: uncertainty
of demand and imperfect and imbalanced information on the part of
providers and consumers. Dr. Greenberg agrees with the first and
less so with the second. Obviously, the timing, extent and length
of future illness and the demand for medical services are
impossible to know. A good deal of the consumer's uncertainty is
smoothed over by health insurance. The uncertainty for insurance
companies in the sector is somewhat different than that for other
industries: while consumers commonly seek more health care than
they would if they were not covered, it is rare for someone to
burn down his own home just to collect the insurance. With regard
to the imbalance in information, physicians do indeed know more
about a particular illness and treatment than the average
potential patient, but Dr. Greenberg asks how that differs from
plumbing, law and accounting!

Dr. Greenberg identified and described the industries that make up
the health care sector: medical services, hospitals, insurance,
and long-term care. He explored market failures and imperfections
in each and detailed some of the measures government has taken to
correct these imperfections. For example, he described the efforts
of the federal government to force competition in the medical
services field and how barriers to entry imposed by physicians'
lobbies to limit the number of physicians in practice were lifted,
physicians were permitted to advertise, and restrictions on the
services of nonphysicians were eased. He recounted efforts to
require hospitals to disclose information on mortality rates,
infections, and medical complications.

Dr. Greenberg's second goal in writing the book was to consider
policy options. Although he claims skepticism of regulation (after
working for the federal government), he believes that ongoing
efforts to devise a more efficient and equitable health care
system will require more competition, regulation, and rationing.
He examined the Canadian, British and Dutch systems, so
fascinating and different from ours, and found the Dutch system
the least regulatory and most equitable.

This book is a primer on the health care industry. Dr. Greenberg
explains economic terms in a straightforward and clear way without
condescension and takes the reader way beyond Economics 101.
Although the sector has changed significantly since this book was
published, Dr. Greenberg's analysis of the past offers valuable
insight into why our system evolved the way it did and what
direction it might take in future.


BREMAR DEVELOPMENT: Case Summary & 8 Unsecured Creditors
--------------------------------------------------------
Debtor: Bremar Development Corporation
           fdba Palmetto Plaza
        2150 West 76 Street, Unit 100
        Hialeah, FL 33016

Case No.: 16-21328

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 17, 2016

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Hon. Laurel M Isicoff

Debtor's Counsel: Kristopher E Pearson, Esq.
                  STEARNS WEAVER MILLER WEISSLER
                  ALHADEFF & SITTERSON, P.A.
                  150 W Flagler St # 2200
                  Miami, FL 33130
                  Tel: (305) 789-3259
                  Fax: (305) 789-2624
                  E-mail: kpearson@stearnsweaver.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jorge D. Marrero, sole managing member.

A copy of the Debtor's list of eight unsecured creditors is
available for free at http://bankrupt.com/misc/flsb16-21328.pdf


BULOVA TECHNOLOGIES: Delays Filing of June 30 Quarterly Report
--------------------------------------------------------------
Bulova Technologies Group, Inc., filed a Form 12b-25 with the
Securities and Exchange Commission notifying a delay in the filing
of its quarterly report on Form 10-Q for the period ended June 30,
2016.

"The compilation, dissemination and review of the information
required to be presented in the Form 10-Q for the quarter ending
June 30, 2016 could not be completed and filed by August 15, 2016,
without undue hardship and expense to the registrant.  The
registrant anticipates that it will file its Form 10-Q for the
quarter ended June 30, 2016 within the "grace" period provided by
Securities Exchange Act Rule 12b-25.

                          About Bulova

Bulova Technologies Group, Inc. was originally incorporated in
Wyoming in 1979 as "Tyrex Oil Company".  During 2007, the Company
divested itself of all assets and previous operations.  During
2008, the Company filed for domestication to the State of Florida,
and changed its name to Bulova Technologies Group, Inc. and changed
its fiscal year from June 30 to September 30.

Bulova reported a net loss of $5.26 million for the year ended
Sept. 30, 2015, compared to a net loss of $3.76 million for the
year ended Sept. 30, 2014.

As of March 31, 2016, Bulova had $19.13 million in total assets,
$41.64 million in total liabilities and a total shareholders'
deficit of $22.51 million.


BURCON NUTRASCIENCE: Incurs C$1.6-Mil. Net Loss in First Quarter
----------------------------------------------------------------
Burcon NutraScience Corporation reported a net loss and
comprehensive loss of C$1.57 million on C$31,106 of revenue for the
three months ended June 30, 2016, compared to a net loss and
comprehensive loss of C$1.75 million on C$25,689 of revenue for the
three months ended June 30, 2015.

As of June 30,2016, Burcon had C$5.12 million in total assets,
C$2.45 million in total liabilities and C$2.67 million in
shareholders' equity.

As at June 30, 2016, the Company had minimal revenues from its
technology and had an accumulated deficit of $79,128,944 (March 31,
2016 - $77,550,164).  During the three months ended June 30, 2016,
the Company incurred a loss of $1,578,780 (2015 - $1,751,712) and
had negative cash flow from operations of $1,311,538 (2015 -
$1,373,863).  The Company has relied on equity financings, private
placements, rights offerings, other equity transactions and
issuance of convertible debt to provide the financing necessary to
undertake its research and development activities.  As at June 30,
2016, the Company had cash and cash equivalents of $2,947,025
(March 31, 2016 - $2,479,862).  These conditions indicate existence
of a material uncertainty that casts substantial doubt about the
ability of the Company to meet its obligations as they become due
and, accordingly, its ability to continue as a going concern.

The Company's ability to continue as a going concern is dependent
upon the Company raising additional capital.  On May 12, 2016, the
Company completed a convertible note financing for $2,000,000, with
net proceeds of approximately $1.9 million.  Although the Company
expects to receive royalty revenues from its license and production
agreement with Archer Daniels Midland Company from the sales of
CLARISOY, the amount of royalty revenues cannot be ascertained at
this time.  Burcon expects the amount of royalty revenues from the
sales of CLARISOY will not reach its full potential until such time
production is expanded to one or more full-scale commercial
facilities.
    
A full-text copy of the Form 6-K Report is available at:

                     https://is.gd/XsXlk3

                    About Burcon NutraScience        

Headquartered in Vancouver, Canada, Burcon NutraScience
Corporation has developed a portfolio of composition, application,
and process patents originating from its core protein extraction
and purification technology.  The Company's patented processes
utilize inexpensive oilseed meals and other plant-based sources
for the production of purified plant proteins that exhibit certain
nutritional, functional and nutraceutical profiles.

Burcon NutraScience reported a net loss of C$6.56 million on
C$106,390 of revenue for the year ended March 31, 2016, compared to
a net loss of C$6.57 million on C$105,387 of revenue for the year
ended March 31, 2015.


BURGI CORP: Seeks to Hire Junkermier as Accountant
--------------------------------------------------
Burgi Corp. seeks approval from the U.S. Bankruptcy Court for the
District of Montana to hire an accountant in connection with its
Chapter 11 case.

The Debtor proposes to hire Junkermier, Clark, Campanella, Stevens,
PC to prepare its monthly reports, financial statements and tax
returns.

The firm's professionals and their hourly rates are:

     Gregory Peck, CPA                      $245
     Sallie Brown, CPA                      $245
     Kris Fuehrer, CPA                      $245
     Teresa Moser, CPA                      $185
     Randy Nelson (Tax Rate)                $125
     Randy Nelson (Mgt. Info Accountant)     $85
     Erin Vukelich, (Tax Rate)              $125
     Erin Vukelich, (Mgt. Info Accountant)  $105
     Simone Luttrell (Enrolled Agent)       $195
     Jake Carter, CPA                       $160
     Jake Carter (Accounting Rate)           $90

Gregory Peck, manager of the Flathead Branch of Junkermier,
disclosed in a court filing that the firm is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

Junkermier can be reached through:

     Gregory Peck
     Junkermier Clark Campanella Stevens PC
     307 Spokane Ave
     P.O. Box 1398
     Whitefish, MT 59937
     Tel: (406)862-2597
     Fax: (406)862-5947

                        About Burgi Corp.

Burgi Corp., based in Columbia Falls, MT, filed a Chapter 11
petition (Bankr. D. Mont. Case No. 16-60771) on July 28, 2016.  The
Hon. Ralph B. Kirscher presides over the case.  Maggie W. Stein,
Esq., at Goodrich & Reely, PLLC, as bankruptcy counsel.

In its petition, the Debtor estimated $532,282 in assets and $1.08
million in liabilities.  The petition was signed by Robert Burgi,
president.


CAMERON PARK: Must Pay Redding Bank $907 for Cash Use
-----------------------------------------------------
Judge Hannah Blumenstiel the U.S. Bankruptcy Court for the Northern
District of California inks her approval to the Stipulation of
Cameron Park Plaza, LP for the use of cash collateral with Redding
Bank of Commerce conditioned on the Debtor paying to Redding Bank
of Commerce $907 not later than August 9, 2016.

As reported earlier by the Troubled Company Reporter, the Debtor
asked the Court to approve its Stipulation with Redding Bank of
Commerce, which Stipulation authorizes the Debtor to utilize the
rents and profits of the Real Property, and the proceeds thereof,
to pay customary and normal operating expenses in the ordinary
course, and to pay quarterly fees to the U.S. Trustee.  The
authorization to use cash collateral will be from June 1, 2016
through August 31, 2016.

The Stipulation requires the Debtor to tender to Redding Bank of
Commerce all rents and profits of the Real Property, less actual
customary and normal operating expenses of the Real Property, as
adequate protection.

A full-text copy of the Final Cash Collateral Order dated August 8,
2016 is available at https://is.gd/PUJhaL

Attorneys for Cameron Park Plaza, LP

    Michael Fallon, Esq.
    Michael Fallon, Jr., Esq.
    FALLON & FALLON
    100 E Street, Suite 219
    Santa Rosa, California 95404
    Telephone: (707) 546-6770


                        About Cameron Park Plaza, LP           

Cameron Park Plaza, LP filed a chapter 11 petition (Bankr. N.D.
Cal. Case No. 16-30540) on May 17, 2016.  The petition was signed
by David Monetta, general partner.  

The Debtor is represented by Michael C. Fallon, Esq., at the Law
Offices of Michael C. Fallon.  The case is assigned to Judge Hannah
L. Blumenstiel.

The Debtor disclosed total assets of $8.22 million and total debts
of $4.20 million.


CASPIAN SERVICES: Incurs $423,000 Net Loss in Third Quarter
-----------------------------------------------------------
Caspian Services, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to the Company of $423,000 on $5.01 million of total
revenues for the three months ended June 30, 2016, compared to a
net loss attributable to the Company of $3.48 million on $3.26
million of total revenues for the same period during the prior
year.

For the nine months ended June 30, 2016, the Company reported a net
loss attributable to the Company of $16.15 million on $11.12
million of total revenues compared to a net loss attributable to
the Company of $11.82 million on $12.03 million of total revenues
for the nine months ended June 30, 2015.

As of June 30, 2016, Caspian had $34.9 million in total assets,
$117 million in total liabilities, all current, and a total deficit
of $82.13 million.

At June 30, 2016, the Company had cash on hand of $1.23 million
compared to cash on hand of $1.37 million at Sept. 30, 2015.  At
June 30, 2016, total current liabilities exceeded total current
assets by $106 million.  This was mainly attributable to the
Balykshi and MOBY Loans, the put option and the Investor's Notes
being classified as current liabilities.

"Our ability to continue as a going concern is dependent upon,
among other things, our ability to (i) successfully restructure our
financial obligations to EBRD and Investor, (ii) increase our
revenues and improve our operating results to a level that will
allow us to service our financial obligations, and/or (iii) attract
other significant sources of funding, and (iv) a return to higher
world oil prices.  Uncertainty as to the outcome of each of these
events raises substantial doubt about our ability to continue as a
going concern," the Company said.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/mBrGSU

                     About Caspian Services

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

Caspian reported a net loss of $33.2 million on $16.4 million of
total revenues for the year ended Sept. 30, 2015, compared to a net
loss of $18.8 million on $29.9 million of total revenues for the
year ended Sept. 30, 2014.  As of March 31, 2016, the Company had
$33.38 million in total assets, $114.33 million in total
liabilities, all current, and a total deficit of $80.94 million.

Haynie & Company, P.C., in Salt Lake City, Utah, the Company's
independent accounting firm, included a "going concern"
qualification in its report on the consolidated financial
statements for the year ended Sept. 30, 2015.


CATASYS INC: Touts Rapid Rollout of OnTrak Solution
---------------------------------------------------
Catasys, Inc., reported financial results for the second quarter
ended June 30, 2016.

"In the second quarter, we continued to rapidly rollout our OnTrak
solution, which is now available in 18 states.  Looking ahead,
enrollment in our OnTrak program and related revenue are expected
to continue to increase throughout the second half of 2016, as
contracts with new health plans are added and existing customers
continue to expand.  These new agreements are expected to increase
the number of equivalent lives under contract, the leading
indicator of our future revenue," said Rick Anderson, president and
COO of Catasys.

"Care coaches and enrollment specialists are being added in advance
of these anticipated new customer launches and existing customer
expansions.  At a minimum it is approximately a six-week period
before the new hires are operational and efficiently delivering our
solution to members.  As the total cost of care coaches and
outreach specialists are reflected in cost of services, this
implementation period negatively impacts our gross margins ahead of
the expected ramping of enrollment over the coming quarters.  This
is an exciting period for the Company, as we look to continue to
expand our customer base and enrollment," concluded Anderson.

The Company reported a net loss of $4.72 million on $1.22 million
of revenues for the three months ended June 30, 2016, compared to a
net loss of $587,000 on $472,000 of revenues for the three months
ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $9.01 million on $1.95 million of revenues compared to a
net loss of $847,000 on $905,000 of revenues for the six months
ended June 30, 2015.

As of June 30, 2016, Catasys had $2.06 million in total assets,
$19.45 million in total liabilities and a total stockholders'
deficit of $17.38 million.

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

                     https://is.gd/QtAGEC


                     About Catasys Inc.

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

Catasys reported a net loss of $7.22 million on $2.70 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $27.3 million on $2.03 million of revenues for the year ended
Dec. 31, 2014.

Rose, Snyder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has continued
to incur significant operating losses and negative cash flows from
operations during the year ended Dec. 31, 2015, and continues to
have negative working capital at Dec. 31, 2015.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


CHESTLIN LLC: Seeks to Hire Desai Eggmann as Legal Counsel
----------------------------------------------------------
Chestlin LLC seeks approval from the U.S. Bankruptcy Court for the
Eastern District of Missouri to hire Desai Eggmann Mason LLC as its
legal counsel.

The firm will provide these services in connection with the
Debtor's Chapter 11 case:

     (a) advising the Debtor with respect to its rights, power and

         duties in the case;

     (b) assisting and advising the Debtor in its consultations
         with any appointed committee relative to the
         administration of the case;

     (c) assisting the Debtor in analyzing the claims of creditors

         and negotiating with such creditors;

     (d) assisting the Debtor in the investigation of its assets,
         liabilities and financial condition;

     (e) advising the Debtor in connection with the sale of assets

         or business;

     (f) assisting the Debtor in its analysis of and negotiation
         with any appointed committee or any third party
         concerning matters related to, among other things, the
         terms of a plan of reorganization;

     (g) assisting and advising the Debtor with respect to any
         communications with the general creditor body regarding
         significant matters in the case;

     (h) commencing and prosecuting actions on behalf of the
         Debtor;

     (i) reviewing, analyzing or preparing legal papers;

     (j) representing the Debtor at all hearings and other
         proceedings;

     (k) conferring with other professional advisors retained by
         the Debtor; and

     (l) assisting and advising the Debtor regarding pending
         arbitration and litigation matters in which it may be
         involved.

The firm's hourly rates for its services range from $75 to $375.

Robert Eggmann, Esq., disclosed in a court filing that the firm is
a "disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

Desai can be reached through:

     Robert E. Eggmann, Esq.
     Thomas H. Riske, Esq.
     Desai Eggmann Mason LLC
     7733 Forsyth Blvd., Suite 800
     St. Louis, MO 63105
     Phone: (314) 881-0800
     Fax: (314) 881-0820
     Email: reggmann@demlawllc.com
            triske@demlawllc.com

                       About Chestlin LLC

Chestlin LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Mo. Case No. 16-45698) on August 11, 2016.  The
case is assigned to Judge Charles E. Rendlen III.


CHINA BAK: Delays Filing of June 30 Form 10-Q
---------------------------------------------
China Bak Battery, Inc., filed a Form 12b-25 with the U.S.
Securities and Exchange Commission notifying the delay in the
filing of its quarterly report on Form 10-Q for the period ended
June 30, 2016.

"The registrant has not finalized its financial statements for the
fiscal quarter ended June 30, 2016.  As a result, the registrant is
unable to file its Form 10-Q within the prescribed time period
without unreasonable effort or expense.  The registrant anticipates
that it will file the Form 10-Q within the five-day grace period
provided by Exchange Act Rule 12b-25," it states.

                      About China BAK

China BAK Battery conducted business through BAK International
Limited and its subsidiaries that produced prismatic cells,
cylindrical cells, lithium polymer cells and high power lithium
batters.  The BAK International business was foreclosed on
June 30, 2014.  Consequently, China BAK is looking to develop,
manufacture and sell energy high power lithium batteries primarily
for electric vehicles when its Dalian, China manufacturing
facilities start to operate in the first quarter of 2015.

China BAK reported net profit of US$15.87 million for the year
ended Sept. 30, 2015, compared to net profit of US$37.77 million
for the year ended Sept. 30, 2014.

As of March 31, 2016, China BAK had US$67.54 million in total
assets, US$49.55 million in total liabilities and US$17.98 million
in total shareholders' equity.

Crowe Horwath (HK) CPA Limited, in Hong Kong, China, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Sept. 30, 2015, citing that the
Company has a working capital deficiency, accumulated deficit from
recurring net losses and significant short-term debt obligations
maturing in less than one year as of Sept. 30, 2015.  All these
factors raise substantial doubt about its ability to continue as a
going concern.


CHRISTOPHER RIDGEWAY: Disclosure Statement Hearing on Sept. 6
-------------------------------------------------------------
The Hon. Elizabeth W. Magner in New Orleans, Louisiana, will hold a
hearing Sept. 6, 2016, at 9:00 a.m. to consider approval of the
Disclosure Statement explaining the Chapter 11 Plan of
Reorganization of debtor Christopher Martin Ridgeway filed on Aug.
4, 2016.

Aug. 30, 2016, is fixed as the last day for filing written
objections to the Disclosure Statement.

Christopher Martin Ridgeway filed a Chapter 11 bankruptcy petition
(Bankr. E.D. La. Case No. 16-10643) on March 23, 2016, and is
represented by:

         Robin B. Cheatham, Esq.
         Adams & Reese LLP
         One Shell Square
         701 Poydras Street, Suite 4500
         New Orleans, LA 70139
         Tel: (504) 581-3234
         Fax: (504) 566-0210
         E-mail: cheathamrb@arlaw.com


CIRCUS FURNITURE: Taps Cunningham & Assoc. to Sell Vehicles
-----------------------------------------------------------
Circus Furniture, LLC seeks authorization from the U.S. Bankruptcy
Court for the District of Arizona to employ Cunningham &
Associates, Inc. as auctioneer for the sale of estate vehicles,
nunc pro tunc to the October 16, 2015 petition date.

The Auctioneer has been instrumental in the sale of the Debtor's
Estate Property as part of this ongoing matter.

The Auctioneer, after separate application and Order from this
Court, will be paid a commission of 10% of the gross sale, plus
costs, for the sale of the Property.  The Trustee has determined
this fee is reasonable and customary.

George Cunningham of Cunningham & Associates, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Cunningham & Associates can be reached at:

       George Cunningham
       CUNNINGHAM & ASSOCIATES, INC.
       6520 N. 27th Ave.
       P.O. Box 67087
       Phoenix, AZ 85082

Circus Furniture, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Ariz. Case No. 15-13290) on October 16, 2015.  The
Debtor is represented by:

          Charles R. Hyde, Esq.
          LAW OFFICES OF C.R. HYDE
          325 W. Franklin St., Suite 103
          Tucson, AZ 85701
          Tel: 520-270-1110
          Fax: 520-547-2475
          E-mail: crhyde@gmail.com


CLASSIC COMMUNITIES: Taps Turn Key as Real Estate Broker
--------------------------------------------------------
Classic Communities Corporation seeks authorization from the U.S.
Bankruptcy Court for the Middle District of Pennsylvania to employ
Turn Key Realty Group as a real estate broker.

The Debtor requires Turn Key to sell the various parcels of real
estate located throughout Central Pennsylvania, known as:

   -- 739 Westland Court, Mechanicsburg, Cumberland County;
   -- 6303 Chatham Glenn Way, Harrisburg, Dauphin County;
   -- 6229 Autumn View Drive, Linglestown, Dauphin County;
   -- 5962 Pinedale Court, Harrisburg, Dauphin County;
   -- 4348 North Victoria Way, Harrisburg, Dauphin County;
   -- 2023 Liberty Drive, Mechanicsburg, Cumberland County;
   -- 610 Petersburg Road, Lancaster, Lancaster County;
   -- 181 Mapleton Drive, Skyline View, Dauphin County;
   -- 142 Old Schoolhouse Lane, Mechanicsburg, Cumberland
      County;
   -- 187 Mapleton Drive, Harrisburg, Dauphin County;
   -- 176 Mapleton Drive, Harrisburg, Dauphin County;
   -- 23 Glenn View, Carlisle, Cumberland County; and
   -- Westwood Hills, 43, 45, 47, 49, 53, 55, 57, 59, 63,
      67,69 and 71 Crooked Drive, Enola, Cumberland County.

Turn Key will charge a commission of 5% of the sale consideration
for any parcel which closes on a sale.  All costs and expenses
which Turn Key incurs as a result of its services, including
advertising, are waived.  The Debtor is not required to pay any
amount to Turn Key in advance.  The Commissions are comparable to
the fees charged by Turn Key in comparable non-bankruptcy
situations.

Edwin Tichenor, a licensed real estate agent with Turn Key, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Turn Key can be reached at:

       Edwin Tichenor
       TURN KEY REALTY GROUP
       3438 Trindle Road
       Camp Hill, PA 17011

              About Classic Communities Corporation

Classic Communities Corporation filed a Chapter 11 bankruptcy
petition (Bankr. M.D. Pa. Case No. 16-02022) on May 10, 2016.  The
petition was signed by Douglas Halbert, president.  The Debtor
estimated assets and liabilities in the range of $10 million and
debts of up to $50 million.  Judge Mary D. France is the case
judge.


CLEANFUEL USA: Files Plan and Disclosure Statement
--------------------------------------------------
CleanFuel USA, Inc. filed with the U.S. Bankruptcy Court in Austin,
Texas, its plan of reorganization and disclosure statement.

The Plan provides that Vendor Claims in Class 6 will be paid in the
amount as is Allowed, in full, in Cash, commencing on the Effective
Date and monthly thereafter, so long as there has been no Material
Default by the Reorganized Debtor in treatment of Classes 1 through
5, through 12 equal Monthly Payments, over a period through the
first anniversary of the Effective Date.

Allowed Unsecured Claims in Class 7 -- which includes the claim of
ICOM North America, LLC, if allowed -- will receive, on a Pro Rata
basis, Quarterly Plan Payments from the Unsecured Creditor Payment
Fund in full satisfaction of their claims, so long as there has
been no Material Default by the Reorganized Debtor in treatment of
Classes 1 through 6.  In addition, holders of Allowed General
Unsecured Claims shall receive, on a Pro Rata basis, net recoveries
from the prosecution of any Avoidance Actions.

ICOM North America, LLC has filed an unsecured claim in an amount
alleged to exceed $2,466,250. The Debtor disputes ICOM's claim and
intends to object to the claim.

The Ed Rachal Foundation asserts a first and prior security
interest in all assets of the Debtor, including but not limited to,
the Debtor’s inventory, accounts receivable, equipment,
intellectual property, general intangibles and the proceeds
thereof. The Foundation has filed a proof of claim in the total
amount of $16,846,552.

The Debtor's assets, including its cash and accounts receivable,
serve as collateral for
the debt owed to The Ed Rachal Foundation.  The Debtor sought and
obtained Bankruptcy Court approval on an interim and final basis to
use cash collateral pursuant to an approved budget. In addition,
the Debtor sought and obtained Bankruptcy Court approval of
postpetition financing in the total aggregate amount of
$1,450,000.00 provided by The Ed Rachal Foundation pursuant to an
approved budget.

The Ed Rachal Foundation's Secured Claim is in Class 4.

Before and after the Effective Date, the Reorganized Debtor will
market and attempt to sell its Dispenser Division. The proceeds of
the sale will be utilized to pay Allowed Claims in Classes 4 and 5,
and if funds remain, to pay Allowed Claims in Class 7.  Any surplus
funds remaining, if any, after payment in full of Allowed Claims in
Class 7 will be retained by the Reorganized Debtor.

A copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/txwb16-10398-0118.pdf

The Debtor is represented by:

     Kell C. Mercer, Esq.
     KELL C. MERCER, P.C.
     1602 E. Cesar Chavez Street
     Austin, TX 78702
     Tel: (512) 627-3512
     Fax: (512) 597-0767
     E-mail: kell.mercer@mercer-law-pc.com

                       About CleanFUEL USA

Georgetown, Texas-based CleanFUEL USA, Inc., sought protection
under Chapter 11 of the Bankruptcy Code on April 3, 2016 (Bankr.
W.D. Tex., Case No. 16-10398).  CleanFUEL designs and manufactures
alternative fuel equipment for propane auto gas.  The case is
assigned to Judge Christopher H. Mott.  The Debtor is represented
by C. Daniel Roberts, Esq., at C. Daniel Roberts & Associates, PC;
and Kell C. Mercer, Esq., at Kell C. Mercer, PC, as bankruptcy
counsel.  Alan D. Albright and the firm of Bracewell LLP serve as
the Debtor's special counsel for intellectual property and related
litigation matters; and Kevin E. Fincher and the firm of Padgett,
Stratemann & Co., LLP, as accountant.


CLEVELAND BIOLABS: Incurs $1.88 Million Net loss in Second Quarter
------------------------------------------------------------------
Cleveland Biolabs, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.88 million on $575,025 of revenues for the three months ended
June 30, 2016, compared to a net loss of $4.46 million on $329,908
of revenues for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $2.55 million on $1.38 million of revenues compared to a
net loss of $8.16 million on $937,237 of revenues for the six
months ended June 30, 2015.

As of June 30, 2016, Cleveland had $17.96 million in total assets,
$4.87 million in total liabilities and $13.09 million in total
stockholders' equity.

Yakov Kogan, Ph.D., MBA, chief executive officer, stated, "Since
our last update in March of this year, CBLI has submitted a
proposal to the FDA to address their request for demonstration of
in vivo biocomparability between the entolimod drug formulation
proposed for use under the pre-EUA and the drug formulation used in
previously conducted preclinical and clinical studies.  We have
subsequently engaged in active discussions with the FDA regarding
the proposed study design, in which the FDA has requested
side-by-side analytical comparability data before initiating an in
vivo biocomparability study.  This analytical analysis is currently
in progress with an expected completion date in the fourth quarter
of 2016 after which the biocomparability study may start.  Once we
have finalized the biocomparability study design and confirmed
timing of the study with our vendors, we will update guidance on
this point.  Preliminarily, we expect the biocomparability study
will require approximately 6 months to complete."

"In addition, we are evaluating steps needed to file a Marketing
Authorization Application ("MAA") for entolimod as a medical
radiation countermeasure with the European Medicines Agency
("EMA").  As a prelude to filing an MAA, the EMA requires an
agreement between the agency and the sponsor on a pediatric
investigational plan ("PIP"), which recently has been filed with
the EMA. We cannot currently estimate when an agreement on the PIP
will be reached or if any additional studies will be required for
an MAA submission."

"Clinical oncology studies with entolimod, CBLB612 and Mobilan are
progressing in the Russian Federation," added Dr. Kogan.  "The
Phase 2 study of entolimod as a neo-adjuvant therapy in
treatment-naïve patients with primary colorectal cancer has
recruited 35 patients to date.  Recruitment was completed in a
Phase 2 study of CBLB612 as myelosuppressive prophylaxis in
patients with breast cancer receiving doxorubicin-cyclophosphamide
chemotherapy.  The database for this study is being prepared for
analysis.  And finally, Panacela Labs continues dosing in a Phase 1
study with Mobilan evaluating single injections  administered
directly into the prostate of patients with prostate cancer.  All
of these studies are supported by development contracts with the
Russian Federation Ministry of Industry and Trade, or MPT."

               Liquidity and Capital Resources

"We have incurred net losses of approximately $150.6 million from
our inception through June 30, 2016.  Historically, we have not
generated, and do not expect to generate in the immediate future,
revenue from sales of product candidates. Since our founding in
2003, we have funded our operations through a variety of means:

   * From inception through June 30, 2016, we have raised $144.7
     million of net equity capital, including amounts received  
     from the exercise of options and warrants. We have also
     received $7.3 million in net proceeds from the issuance of
     long-term debt instruments;

   * DoD and BARDA have funded grants and contracts totaling $60.4

     million for the development of entolimod for its biodefense
     indication;

   * The Russian Federation has funded a series of our contracts
     totaling $17.3 million, based on the exchange rates in effect

     on the date of funding.  These contracts include a
     requirement for us to contribute matching funds, which we
     have satisfied or expect to satisfy with both the value of
     developed intellectual property at the time of award,
     incurred development expenses and future expenses;

   * We have been awarded $4.0 million in grants and contracts not

     described above, all of which have been recognized at June
     30, 2016;

   * Incuron was formed to develop and commercialize the Curaxins
     product line, including its lead oncology drug candidate
     CBL0137. In 2015, we sold our ownership interest for  
     approximately $4.0 million and retain a 2% royalty interest
     in the CBL0137 technology; and

   * Panacela was formed to develop and commercialize preclinical
     compounds, which were transferred to Panacela through
     assignment and lease agreements. RUSNAO contributed $9.0
     million to Panacela and CBLI contributed $3.0 million plus
     intellectual property to Panacela. As of the date of this
     filing, CBLI owns 67.57% of Panacela.

"We have incurred cumulative net losses and expect to incur
additional losses related to our R&D activities.  We do not have
commercial products and have limited capital resources.  At June
30, 2016, we had cash, cash equivalents and short-term investments
of $16.4 million which, along with the active government contracts
described above, are expected to fund our projected operating
requirements beyond one year.  However, until we are able to
commercialize our product candidates at a level that covers our
cash expenses, we will need to raise substantial additional
capital, which we may be unable to raise in sufficient amounts,
when needed and at acceptable terms.  Our plans with regard to
these matters may include seeking additional capital through debt
or equity financing, the sale or license of drug candidates, or
obtaining additional research funding from the U.S. or Russian
governments.  There can be no assurance that we will be able to
obtain future financing on acceptable terms, or that we can obtain
additional government financing for our operations. If we are
unable to raise adequate capital and/or achieve profitable
operations, future operations might need to be scaled back or
discontinued.  The financial statements do not include any
adjustments relating to the recoverability of the carrying amount
of recorded assets and liabilities that might result from the
outcome of these uncertainties."

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/dbWKUb

                   About Cleveland BioLabs

Cleveland BioLabs, Inc. (NASDAQ: CBLI) is a biopharmaceutical
company developing novel approaches to activate the immune system
and address serious unmet medical needs.  The Buffalo, New
York-based company's proprietary platform of toll-like immune
receptor activators has applications in radiation mitigation,
oncology immunotherapy and vaccines.

Cleveland reported a net loss of $13.04 million on $2.70 million of
grants and contracts revenues for the year ended Dec. 31, 2015,
compared to net income of $35,366 on $3.70 million of grants and
contracts revenues for the year ended Dec. 31, 2014.


CORWIN PLACE: Hires Jacks Legal Group as Co-counsel
---------------------------------------------------
Corwin Place, LLC seeks authorization from the U.S. Bankruptcy
Court for the Northern District of West Virginia to employ Michael
Jacks of Jacks Legal Group, PLLC as co-counsel for the Debtor and
local counsel for David Fuchs, Esq.

The Debtor is in need of legal counsel to assist in, among other
things:

   -- the administration of its Estate and to represent the Debtor

      on matters involving legal issues that are present or are
      likely to arise in the case;

   -- the preparation of any legal documentation on behalf of
      the Debtor;

   -- the review of reports for legal sufficiency;

   -- furnishing information on legal matters regarding legal
      actions and consequences and for all necessary legal
      services connected with Chapter 11 proceedings including the

      prosecution and/or defense of any adversary proceedings.

The Debtor wishes to retain Mr. Jacks at the rate of $150 per
hour.

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

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

Michael Jacks can be reached at:

       Michael A. Jacks, Esq.
       JACKS LEGAL GROUP, PLLC
       United Federal Credit Union Building
       3467 University Ave, Suite 200
       Morgantown, WV 26505
       Tel: (304) 599-4770
       Fax: (304) 278-3187
       E-mail: mike@jackslegal.com

                      About Corwin Place

Corwin Place LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 16-21861) on May 16,
2016.


CRYOPORT INC: Secures 28 New Clients, 34% Growth in Fiscal Q1
-------------------------------------------------------------
Cryoport, Inc. announced financial results for the three-month
period ended June 30, 2016.

"Cryoport continued to achieve strong financial results for the
first quarter of our Fiscal Year 2017, reporting 34% year-over-year
revenue growth," stated Mr. Jerrell Shelton, chief executive
officer of Cryoport, Inc.  "We leveraged FY 2016's momentum to
secure additional revenue opportunities from our existing client
base and partnered with multiple new clients across each of our
three markets - biopharma, reproductive medicine and animal health.
We also secured $3.5 million in additional funds to support our
growth and development initiatives.

"Our continued revenue growth was primarily driven by our expanding
base of biopharma clients, of which Cryoport secured 28 new clients
in the First Quarter of FY2017.  Biopharma continues to account for
the largest portion of our total revenues and is our fastest
growing market.  It is important to note that we have continued our
progress in signing new clients with ground-breaking life sciences
companies.  Working with the world's foremost biopharmaceutical
corporations, of course, positions us for further growth and serves
to validate our reputation as a best-in-class provider of reliable
cold chain logistics solutions.  We are pleased with our sales
team's demonstrated ability to further strengthen our market
position and secure sales.

"Cryoport's reputation for dependability is growing rapidly and we
are becoming recognized for our innovative cold chain solutions in
the life sciences industry.  Many companies within our biopharma
client base are conducting clinical trials in the fast-growing
regenerative medicine space.  These companies rely on Cryoport to
optimize their entire logistics supply chain in support of their
clinical trials and ensuing commercialization activities.  The
early adoption of our services in this exponential growth area of
the biopharma marketplace and the potential for us to scale with
our clients as their therapies are approved is extremely
encouraging.  Our cold chain logistics solutions are currently
supporting 23 out of the 28 leading clinical-stage CAR T-Cell
programs that are underway and are now supporting more than 90
clinical trials, including 14 phase III projects.  In addition, at
the end of the First Quarter of FY2017, we signed our first
agreement to support the manufacture of a multi-billion dollar
commercially launched biopharma product," continued Mr. Shelton.

"During the First Quarter, we also continued to expand our presence
in reproductive medicine and laid the groundwork for recapturing
our growth in the animal health market.  The resiliency of U.S.
demand for human reproductive services drove solid revenue growth
of 10% year over year for the First Quarter in reproductive
medicine, despite changes in international regulations in some
Asian countries.  This growth was driven by focused marketing
activities.  Our animal health revenue increased 8% sequentially,
after experiencing challenges in the second half of FY 2016 due to
a manufacturing slowdown by one of our larger clients.

"In response to market demand we also rolled out several strategic
initiatives during the quarter to accelerate future growth.  They
included the launch of Cryoport Biostorage, enabling us to provide
comprehensive storage and fulfillment services to our clients and
our Cryoport Temperature Controlled Logistics Consulting Services
to address our clients' cold chain advisory needs.  In addition, we
introduced the SmartPak II Condition Monitoring System, which
provides advanced, real-time condition and location data for
monitoring critical biological commodities and enhancing our "Chain
of Condition and Chain of Custody" information.  These new
offerings serve to ensure that we continue to have the most
comprehensive, end-to-end services and tools for tailoring client
specific cold chain logistics solutions.  For Cryoport, "Science.
Logistics. Certainty." is not just a tag line; it is a mandate as
we work to strengthen Cryoport's position as the "go-to" provider
of choice for all cold chain logistics needs in the biopharma,
reproductive medicine and animal health markets," concluded Mr.
Shelton.

For the three months ended June 30, 2016, Cryoport reported a net
loss attributable to common stockholders of $3.93 million on $1.91
million of revenues for the three months ended June 30, 2016,
compared to a net loss attributable to common stockholders of $6.60
million on $1.43 million of revenues for the three months ended
June 30, 2015.

As of June 30, 2016, the Company had $7.69 million in total assets,
$2.60 million in total liabilities and $5.08 million in total
stockholders' equity.

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

                       https://is.gd/dn0OKr

                           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.

Cryoport reported a net loss attributable to common stockholders of
$15.05 million on $5.88 million of revenues for the year ended
March 31, 2016, compared to a net loss attributable to common
stockholders of $12.19 million on $3.93 million of revenues for the
year ended March 31, 2015.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2016, citing that
the Company has recurring operating losses from inception and has
used substantial amounts of working capital in its operations.
Although the Company has cash and cash equivalents of $2.8 million
at March 31, 2016, management has estimated that cash on hand will
only be sufficient to allow the Company to continue its operations
through the third quarter of fiscal 2017.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


CYRUSONE INC: S&P Raises CCR to 'BB-', Outlook Positive
-------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on
Carrollton, Texas-based CyrusOne Inc. to 'BB-' from 'B+'.  The
outlook is positive.

At the same time, S&P raised its issue-level rating on the
company's unsecured credit facility and senior unsecured notes to
'BB' from 'B+' and revised S&P's recovery rating to '2' from '3'.
The '2' recovery rating indicates S&P's expectation for substantial
(70%-90%; upper half of the range) recovery for lenders in the
event of a payment default.

S&P removed all ratings from CreditWatch, where it had placed them
with positive implications on July 25, 2016.

"The ratings upgrade reflects our increased confidence in the cash
flow stability of the business, stemming from the company's
improved contract terms, higher revenue backlog, and strong demand
for data center services," said S&P Global Ratings credit analyst
Rose Askinazi.

CyrusOne's contract lengths have increased in recent quarters,
resulting in a weighted average remaining lease term of 4.4 years.
In addition, the company has incorporated annual price escalators
of 1%-3% in half of its portfolio.  Strong leasing activity has
increased the company's revenue backlog to $96 million, more than
double the amount reported on Dec. 31, 2015.  These factors provide
a greater degree of visibility into the company's future revenue
streams.

The positive outlook reflects S&P's view that debt to EBITDA could
improve below 5x over the next 12 months, which could support a
higher rating if the company is able to commit to maintaining debt
to EBITDA below this level, including its future plans for
expansion.


DAKOTA PLAINS: Decline in Oil Price Raises Going Concern Doubt
--------------------------------------------------------------
Dakota Plains Holdings, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $5.32 million on $1.72 million of total revenues for
the three months ended June 30, 2016, compared to a net loss of
$549,950 on $8.71 million of total revenues for the same period in
2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $5.11 million on $5.06 million of total revenues, compared
to a net loss of $366,957 on $18.10 million of total revenues for
the same period in the prior year.

As of June 30, 2016, the Company had $61.62 million in total
assets, $93.12 million in total liabilities and a total
stockholders' deficit of $31.50 million.

As of June 30, 2016, the Company had cash and cash equivalents and
trade receivables of approximately $6.7 million and accounts
payable and accrued expenses of approximately $11.8 million.  In
addition, it had $55.4 million aggregate principal amount of
promissory notes due within the next twelve months.

The Company is focused on increasing the throughput and reducing
the expenses at the transloading facility, but the decline in crude
oil prices and contraction of the price spread between Brent and
WTI has materially reduced the revenues that the Company is able to
generate from its transloading operations, which, in turn, has
negatively affected the Company's working capital and income (loss)
from operations.  The potential for future crude oil prices to
remain at their current low levels raises substantial doubt about
the Company's ability to meet its obligations when they come due
and continue as a going concern.

A copy of the Form 10-Q is available at

                    http://bit.ly/2b3WHoP

Wayzata, Minn.-based Dakota Plains Holdings, Inc., (NYSEMKT: DAKP)
is a midstream energy company operating the Pioneer Terminal
transloading facility.  The Pioneer Terminal is centrally located
in Mountrail County, North Dakota, for Bakken and Three Forks
development and production activity.



DELL INC: Can Use Up to $75K Cash Collateral on Interim Basis
-------------------------------------------------------------
Judge William J. Fisher of the U.S. Bankruptcy Court for the
District of Minnesota authorized Dell, Inc., d/b/a Quality RV to
use cash collateral on an interim basis, through Aug. 24, 2016.

The Debtor was allowed to use cash collateral in an amount not to
exceed $75,000, for these exclusive purposes:

     (1) Gross sales commissions in satisfaction of all sales
commissions due from the Debtor for sale of vehicles occurring
prior to the Petition Date: not to exceed $46,600;

     (2) Gross employee payroll (excluding any insider employee):
not to exceed $13,000;

     (3) Vehicle repair parts: not to exceed $5,000;

     (4) Fuel: not to exceed $800; and

     (5) Motor vehicle taxes, registration taxes, transfer taxes,
and title/transfer fees for Debtors’ sale of vehicles on or after
the Petition Date: not to exceed $10,000.

Secured creditors  NextGear Capital, Inc., the First National Bank
of Elk River, NorthPoint Commercial Financial, LLC and TCF
Inventory Finance, Inc. were each granted replacement liens on all
of the Debtor's assets to the extent of the use of cash collateral,
with the same priority, dignity and effect as the pre-petition
liens held by each Secured Creditor.

The Debtor agreed to deposit into a segregated DIP account,
established by the Debtor for the exclusive benefit of each Secured
Creditor, the gross proceeds of the sale of each vehicle financed
by that Secured Creditor.

The Debtor has agreed to not sell any Financed Vehicles for a
"Total" sale price that is less than the greater of (i) the amount
advanced by any of the Secured Creditors to the Debtor for the
Debtor to acquire that Financed Vehicle or (ii) the release price
of the Financed Vehicle under the agreement with the Secured
Creditor.  Debtor has also agreed to not sell any Financed Vehicle
for consideration that includes, in whole or in part, a vehicle in
trade unless the Secured Creditor that financed the Financed
Vehicle consents in writing to such sale.

Judge Fisher held that to the extent the adequate protection
provided proves to be insufficient to protect any Secured
Creditors' interest in cash collateral and/or to the extent that
any Secured Creditor traces the proceeds of the sale of a Financed
Vehicle financed by the Secured Creditor, that Secured Creditor
will have a superpriority administrative expense claim senior to
any and all claims against the Debtor.

A further interim hearing on the Debtor's Cash Collateral Motion is
scheduled on Aug. 24, 2016 at 10:00 a.m.

A full-text copy of the Order, dated August 12, 2016, is available
at https://is.gd/feo21j

             About Dell, Inc., d/b/a Quality RV

Dell, Inc. d/b/a Quality RV filed a chapter 11 petition (Bankr. D.
Minn. Case No. 16-42287) on Aug. 1, 2016.  The petition was signed
by Todd D. Olson, chief executive officer.  The Debtor is
represented by Steven B. Nosek, Esq., at Steven Nosek, P.A.  The
case is assigned to Judge William J. Fisher.  The Debtor estimated
assets at $0 to $50,000 and debts at $1 million to $10 million at
the time of the filing.


DIFFERENTIAL BRANDS: Incurs $3.60-Mil. Net Loss in Second Quarter
-----------------------------------------------------------------
Differential Brands Group Inc. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $3.60 million on $32.4 million of net sales for the
three months ended June 30, 2016, compared to a net loss of
$488,000 on $16.3 million of net sales for the three months ended
June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $10.08 million on $66.08 million of net sales compared to
net income of $69,000 on $35.20 million of net sales for the six
months ended June 30, 2015.

Michael Buckley, chief executive officer, commented, "We are very
pleased that we continued to improve our product offerings across
our portfolio of brands during the second quarter, as we worked to
implement our new branded platform approach.  In our Wholesale
segment, we were pleased with the performance of Hudson, which
benefitted from operational efficiencies put into place following
the closing of the RG Merger.  In the Consumer Direct segment, we
have worked to remerchandise and revamp our Robert Graham
collection in our retail stores, which has resulted in positive
sell-throughs and an increase in sales.  That said, organic sales
results in the quarter were impacted by continued challenges across
both our Wholesale and Consumer Direct segments as a result of
overall headwinds in the consumer retail environment."

Mr. Buckley continued, "As we look ahead, we are focused on growing
our business organically and through acquisitions of premium brands
that are accretive and complementary to our portfolio.  To that
end, we recently acquired SWIMS AS, a Scandinavian lifestyle brand
known for its range of fashion-forward, water-resistant footwear
and sportswear.  This marks the first acquisition under the
Differential umbrella, and we are very excited to continue
expanding our portfolio with brands that consumers are passionate
about."

As of June 30, 2016, the Company had $156.41 million in total
assets, $107.08 million in total liabilities and $49.32 million in
total equity.

At June 30, 2016, and Dec. 31, 2015, the Company's cash and cash
equivalent balances were $8,368,000 and $1,966,000, respectively.

"Based on our cash on hand, cash flows from operations, the
expected borrowing availability under its existing credit
facilities and other financing arrangements, and sales forecasts,
we believe that we have the working capital resources necessary to
meet our projected operational needs for the next 12 months.
However, if we require more capital for growth and integration or
if we experience a decline in sales and/or operating losses, we
believe that it will be necessary to obtain additional working
capital through additional credit arrangements.

"We believe that the rate of inflation over the past few years has
not had a significant adverse impact on our net sales or income
from continuing operations.  Significant changes in the rate of
inflation in the future may, however, affect certain expenses,
including employee compensation, and we may not be able to
successfully recover such increased costs from customers," the
Company said.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/CEWYX8

                   Amends March 31 Form 10-Q

Differential Brands filed an amendment to its quarterly report on
Form 10-Q for the quarterly period ended March 31, 2016, filed with
the SEC on May 16, 2016.  The Company restates its previously
issued unaudited condensed consolidated financial statements,
financial data and related disclosures for the quarterly period
ended March 31, 2016 to:

    (i) reflect the correct accounting for classifying as
        discontinued operations the Company's former Joe's retail
        business operations, which were exited in the first
        quarter of 2016;

   (ii) correct errors related to the incorrect accrual of
        dividends on the Company's preferred stock designated as
        Series A Convertible Preferred Stock; and

  (iii) correctly calculate earnings per share;

   (iv) reclassify cash advances received from customers;

    (v) include disclosures of non-cash information in the
        Company's statements of cash flows; and

  (vi) include additional disclosures of accounting policies,
       earnings per share calculated under the two-class method,
       pro forma financial information, certain related party
       transactions, information regarding goodwill and intangible

       assets and the fair value of financial instruments.

As reported in the Company's Current Report on Form 8-K filed with
the SEC on Aug. 16, 2016, on Aug. 10, 2016, the board of directors
of the Company, in consultation with management concluded that: (i)
the Company's previously issued Q1 2016 Financial Statements should
no longer be relied upon due to errors identified therein; and (ii)
the Q1 2016 Financial Statements required restatement. The errors
were identified in the course of preparing the Company's quarterly
report on Form 10-Q for the quarterly period ended June 30, 2016,
and were as follows:

  * In the Q1 2016 Financial Statements, the Company reported the
    operating and cash flows results of 14 of its former Joe's
    brand retail stores as continuing operations.  After the sale
    by the Company of certain intellectual property and operating
    assets of its Joe's Business in 2015, the Company retained 32
    of its Joe's retail brand stores, transferring 18 on Jan. 28,
    2016 and closing the other 14 on Feb. 29, 2016.  It was later
    determined that these 14 stores were required to be reported
    as discontinued operations pursuant to ASC 205-20,
    Presentation of Financial Statements—Discontinued
Operations.
    Due to the incorrect classification, the Q1 2016 Financial
    Statements presented higher operating losses from continuing
    operations than the Company had actually incurred for the
    first quarter of fiscal 2016, overstating operating loss by
    $1.29 million and loss from continuing operations by $0.3
    million, accounts payable and accrued expenses by $2.06
    million, cost of goods sold by $1.15 million and operating
    expenses by $1.34 million.  The incorrect classification also
    led to overstatements in net sales of $1.21 million and gross
    profit of $56,000 and understatements of liabilities from
    discontinued operations of $892,000, net cash provided by
    operating activities of $492,000, net cash used in
    discontinued operating activities of $492,000.

  * The Company did not properly classify cash advances from
    customers of $1.68 million as a separate line item in the
    liabilities section of the unaudited condensed consolidated
    balance sheet at March 31, 2016.  In addition, the Company
    improperly classified cash inflows of approximately $0.8
    million relating to these advances during the three months
    ended March 31, 2016 as operating cash flows.  The correct
    classification should have been financing cash flows.

  * The Company did not apply the correct accounting treatment to
    a dividend payable to holders of its Series A Preferred Stock.

    This led to an overstatement in other liabilities and
    accumulated deficit of $863,000.

  * The Company did not properly calculate its basic and diluted
    weighted average shares outstanding and loss per common share,

    resulting in a decrease of 1,041,000 shares in the basic and
    diluted weighted average shares outstanding and a
    corresponding increase in basic and diluted loss per share of
    $0.04.

  * The Company did not properly include disclosures for
    supplemental non-cash transactions in its statements of cash
    flows.

  * The Company did not properly include disclosures relating to
    accounting policies, earnings per share under the two-class
    method, pro forma financial information and the fair value of
    financial instruments in its notes to the unaudited condensed
    consolidated financial statements.

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

                      https://is.gd/H3TQcB

                   About Differential Brands

Differential Brands Group Inc., formerly Joe's Jeans Inc., is a
platform that focuses on branded operating companies in the premium
space.  The Company's focus is on organically growing its brands
through a global, omni-channel distribution strategy while
continuing to seek opportunity to acquire accretive, complementary,
premium brands.  The Company's current brands are Hudson, a
designer and marketer of women's and men's premium branded denim
apparel, and Robert Graham, a sophisticated, eclectic style to the
fashion market as an American-based company with an intention of
inspiring a global movement.

Joe's Jeans Inc. has completed the merger combining Hudson Jeans
and Robert Graham.  Additionally, the company has been renamed
Differential Brands Group Inc. and will remain publicly listed on
NASDAQ under the ticker DFBG.

Differential Brands reported a net loss and comprehensive loss of
$32.3 million on $80.2 million of net sales for the year ended Nov.
30, 2015, compared to a net loss and comprehensive loss of $27.7
million on $84.2 million of net sales for the year ended Nov. 30,
2014.


DIFFUSION PHARMACEUTICALS: Incurs $3.80 Million Net Loss in Q2
--------------------------------------------------------------
Diffusion Pharmaceuticals Inc. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $3.80 million for the three months ended June 30, 2016,
compared to a net loss of $1.33 million for the three months ended
June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $10.02 million compared to a net loss of $2.57 million for
the six months ended June 30, 2015.

David Kalergis, chairman and chief executive officer, stated, "I am
very excited about the progress that we have been making in
advancing trans sodium crocetinate (TSC).  The recently expanded
patent estate of TSC demonstrates its broad applicability across
multiple hypoxia driven indications impacting human health.  In the
near term, we plan to continue to expand the clinical development
pipeline for TSC to include both glioblastoma (GBM) and pancreatic
cancer.  Also, we recently welcomed Isaac Blech, an experienced
biotechnology entrepreneur and investor, to our Board of Directors
as Vice Chairman."

The Company's balance sheet at June 30, 2016, showed $19.92 million
in total assets, $5.89 million in total liabilities and $14.03
million in total stockholders' equity.

"The Company has not generated any revenues from product sales and
has funded operations primarily from the proceeds of private
placements of its membership units and convertible notes.
Substantial additional financing will be required by the Company to
continue to fund its research and development activities.  No
assurance can be given that any such financing will be available
when needed or that the Company's research and development efforts
will be successful.

"The Company regularly explores alternative means of financing its
operations and seeks funding through various sources, including
public and private securities offerings, collaborative arrangements
with third parties and other strategic alliances and business
transactions.  However, the Company currently does not have any
commitments to obtain additional funds and may be unable to obtain
sufficient funding in the future on acceptable terms, if at all.
If the Company cannot obtain funding in the immediate future, it
will need to delay, scale back or eliminate some or all of its
research and development programs or enter into collaborations with
third parties to: commercialize potential products or technologies
that it might otherwise seek to develop or commercialize
independently; consider various strategic alternatives, including a
merger or sale of the Company; or cease operations.  If the Company
engages in collaborations, it may receive lower consideration upon
commercialization of such products than if it had not entered into
such arrangements or if it entered into such arrangements at later
stages in the product development process."

                     Corporate Highlights

In August 2016, Mr. Isaac Blech joined Diffusion's Board of
Directors as vice chairman.  With over 35 years of biotech industry
expertise, Mr. Blech has founded and served on the boards of a
number of companies including Celgene Corporation, Nova
Pharmaceutical Corporation, Pathogenesis Corporation, and Genetics
Systems Corporation. Among the other boards Mr. Blech currently
serves on are Cerecor, Inc., a CNS company, ContraFect Corporation,
an infectious disease company, Medgenics, Inc., a biotechnology
company, and Edge Therapeutics, Inc., a company that treats
life-threatening neurological conditions.

In July 2016, the Company's abstract related to medical emergency
indications for its lead clinical stage drug candidate TSC has been
accepted for presentation at the American College of Emergency
Physicians (ACEP) Research Forum being held October 16 – 18, 2016
in Las Vegas.  The acceptance of the abstract highlights the
potential broad applicability of TSC as a life-saving intervention
to reverse hypoxia in many medical emergencies, including
hemorrhagic shock, myocardial infarction, and stroke.

In June 2016, the Company's U.S. patent application, entitled
"Bipolar Trans Carotenoid Salts and Their Uses," was allowed by the
United States Patent and Trademark Office.  This application, which
is expected to issue in the second half of 2016, expands coverage
of the therapeutic use TSC and other related compounds to five
hypoxia-related conditions including congestive heart failure,
chronic renal failure, acute lung injury, chronic obstructive
pulmonary disease, and respiratory distress syndrome.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/lte4IK

                  About Diffusion Pharmaceuticals

Diffusion Pharmaceuticals, as surviving entity in its merger with
RestorGenex, is a clinical stage biotechnology company focused on
extending the life expectancy of cancer patients by improving the
effectiveness of current standard-of-care treatments including
radiation therapy and chemotherapy.  Diffusion is developing its
lead drug, trans sodium crocetinate (TSC), for use in the many
cancer types in which tumor hypoxia (oxygen deprivation) is known
to diminish the effectiveness of current treatments.  TSC targets
the cancer's hypoxic micro-environment, re-oxygenating
treatment-resistant tissue and making the cancer cells more
vulnerable to the therapeutic effects of treatments such as
radiation therapy and chemotherapy, without the apparent addition
of any serious side effects.  TSC has potential application in
other indications involving hypoxia, such as stroke and
neurodegenerative diseases.

Diffusion reported a net loss of $23.8 million on $0 of revenues
for the year ended Dec. 31, 2015, compared to a net loss of $14.4
million on $0 of revenues for the year ended Dec. 31, 2014.

Deloitte & Touche LLP, in Chicago, Illinois, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company's recurring
losses from operations and its present financial resources raise
substantial doubt about its ability to continue as a going concern.


DIFFUSION PHARMACEUTICALS: Isaac Blech Named as Director
--------------------------------------------------------
The Board of Directors of Diffusion Pharmaceuticals Inc. appointed
Isaac Blech as a director of the Company and vice chairman of the
Board.  The Board has not yet made a determination regarding the
committees on which Mr. Blech will serve.

Mr. Blech's current roles include serving as vice chairman of the
board of directors of Edge Therapeutics, Inc. (NASDAQ: EDGE), a
clinical-stage biotechnology company, founder and director of
Cerecor, Inc. (NASDAQ: CERC), a CNS company, director of ContraFect
Corporation (NASDAQ: CFRX), an infectious disease company, director
of Medgenics, Inc. (NYSE: MDGN), a biotechnology company, and vice
chairman of InspireMD (NYSE: NSPR), a stent company.  He is vice
chairman of the boards of directors of Centrexion Corporation, a
private company which is developing new modalities of pain control,
Regenovation, Inc., a private company developing new ways to
regenerate human tissue, X4 Pharmaceuticals, a private cancer
immunology company, Sapience Therapeutics, a private oncology
company, Aridis Pharmaceuticals, a private company with a product
to treat pneumonia, WaveGuide Corporation, a private company
developing the world’s smallest NMR machine, SpendSmart Networks,
Inc., a private electronic rewards company, and root9B
Technologies, a private cyber security company.  Over the past 35
years, Mr. Blech has founded and served on the boards of directors
of companies which have produced major advances in a broad array of
diseases, including the diagnosis of chlamydia, herpes, syphilis
and HIV and the treatment of cystic fibrosis, sexual dysfunction,
multiple myeloma and brain cancer. Mr. Blech was also previously a
member of the board of directors of the Company’s predecessor,
RestorGenex Corporation.

In connection with his appointment to the Board, Mr. Blech will be
granted, on Aug. 31, 2016, a one-time stock option grant to
purchase 2,049,070 shares of the Company's common stock, which
shares shall vest in equal quarterly installments over 10 years
beginning Sept. 30, 2016.  Mr. Blech has agreed not to sell any of
the shares issuable upon exercise of the Option Grant for a period
of five years from the date of his commencement of service.  The
Option Grant will be in lieu of the long-term incentive
compensation and annual retainers otherwise payable to the
Company's directors as described in the Company's filings with the
Securities and Exchange Commission.

                About Diffusion Pharmaceuticals

Diffusion Pharmaceuticals, as surviving entity in its merger with
RestorGenex, is a clinical stage biotechnology company focused on
extending the life expectancy of cancer patients by improving the
effectiveness of current standard-of-care treatments including
radiation therapy and chemotherapy.  Diffusion is developing its
lead drug, trans sodium crocetinate (TSC), for use in the many
cancer types in which tumor hypoxia (oxygen deprivation) is known
to diminish the effectiveness of current treatments.  TSC targets
the cancer's hypoxic micro-environment, re-oxygenating
treatment-resistant tissue and making the cancer cells more
vulnerable to the therapeutic effects of treatments such as
radiation therapy and chemotherapy, without the apparent addition
of any serious side effects.  TSC has potential application in
other indications involving hypoxia, such as stroke and
neurodegenerative diseases.

Diffusion reported a net loss of $23.8 million on $0 of revenues
for the year ended Dec. 31, 2015, compared to a net loss of $14.4
million on $0 of revenues for the year ended Dec. 31, 2014.

Deloitte & Touche LLP, in Chicago, Illinois, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company's recurring
losses from operations and its present financial resources raise
substantial doubt about its ability to continue as a going concern.


DOLPHIN DIGITAL: Delays Filing of Quarterly Report
--------------------------------------------------
Dolphin Digital Media, Inc., filed a Form 12b-25 with the
Securities and Exchange Commission notifying the delay in the
filing of its quarterly report on Form 10-Q for the period ended
June 30, 2016.  The Company said the Form 10-Q could not be filed
within the prescribed time because additional time is required by
its management and auditors to prepare certain financial
information to be included in that report.

During the three and six months ended June 30, 2016, the Company
incurred loss on extinguishment of debt of approximately $4.7
million and $5.8 million, respectively, as compared to $0 for the
same periods in the prior year.  This was a result of the Company
entering into agreements with certain noteholders, including
Dolphin Entertainment, Inc., an entity wholly owned by its Chief
Executive Officer, to convert an aggregate amount of approximately
$26.6 million of debt outstanding into approximately 5.3 million
shares of the Company's common stock, par value $0.15 per share, at
a price of $5.00 per share of Common Stock.  The conversions
occurred on days when the market price per share of Common Stock
was between $6.00 and $6.99 per share.  In addition, during the
three and six months ended June 30, 2016, interest expense
increased by approximately $1.1 million and $1.8 million,
respectively, as compared to the same periods in the prior year.
The increases were primarily related to $12.5 million in loan and
security agreements entered into by the Company during 2015 for its
film division.

The Company incurred net loss of approximately $11.2 million per
share for the six months ended June 30, 2016, and approximately
$7.7 million for the three months ended June 30, 2016 as compared
to approximately $4.4 million for the six months ended June 30,
2015 and approximately $2.1 million for the three months ended June
30, 2015.

                   About Dolphin Digital

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

Dolphin Digital reported a net loss of $4.05 million on $2.99
million of total revenue for the year ended Dec. 31, 2015, compared
to a net loss of $1.87 million on $2.07 million of total revenue
for the year ended Dec. 31, 2014.

As of March 31, 2016, Dolphin Digital had $20.71 million in total
assets, $46.72 million in total liabilities and a total
stockholders' deficit of $26 million.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
losses from operations, negative cash flows from operations, and
does not have sufficient working capital.  These events raise
substantial doubt about the Company's ability to continue as a
going concern.


DOMINION PAVING: Unsecured Creditors to Get 35% Under Exit Plan
---------------------------------------------------------------
General unsecured creditors of Dominion Paving & Sealing, Inc.,
will get at least 35% of their claims under the company's proposed
Chapter 11 plan of reorganization.

Under the plan, general unsecured creditors will receive
distributions of at least 35% of their Class 4 claims representing
their pro rata share of "Class 4 assets" for a period of five
years, plus net recoveries from avoidance actions.

Dominion proposes to pay general unsecured creditors from the funds
generated by operations, proceeds from the sale of surplus
equipment and from avoidance actions.

Class 4 claims, excluding claims asserted by former shareholders J.
Garland Johnston and Jackie Atkinson, total approximately $1
million.  Dominion opposes these claims on grounds that they should
be recharacterized as an equity interest.

A copy of the disclosure statement explaining the plan is available
for free at https://is.gd/Ln0God

                      About Dominion Paving

Dominion Paving & Sealing, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E. D. Va. Case No. 15-32966) on June
10, 2015.  The petition was signed by Stephen H. Parham, president.


The case is assigned to Judge Keith L. Phillips.

At the time of the filing, the Debtor estimated its assets at $1
million to $10 million.  The Debtor did not disclose its total
liabilities at the time of the filing.


DORAL FINANCIAL: Panel Seeks Approval of FDIC Settlement
--------------------------------------------------------
BankruptcyData.com reported that Doral Financial (DFC), Doral
Properties and the official committee of unsecured creditors filed
with the U.S. Bankruptcy Court a joint motion to approve a
settlement with the Federal Deposit Insurance Corporation in its
capacity as receiver for Doral Bank Puerto Rico (FDIC-R) and
related parties.  The motion explains, "From early in these
bankruptcy cases, one of the major issues has been the treatment of
the myriad claims filed by the Debtors against the Doral Bank
Puerto Rico ('Doral Bank') receivership and by the FDIC-R against
the Debtors in their bankruptcy cases. In addition, given the past
corporate relationship between these entities, the Debtors and the
FDICR also have asserted competing ownership claims to a variety of
assets.  Absent settlement, these claims and asset ownership
disputes would result in lengthy, complex, and expensive
litigation." The motion further notes, "The Settlement Agreement
provides the Debtors' estates with the following benefits: the
settlement of the FDIC-R's servicing-related claims and allowance
of the Doral Bank POC for significantly reduced amounts, solely to
the extent of: an administrative expense claim of $700,000; and an
unsecured claim of $4,250,000. DFC's entitlement to 100% of any
recoveries up to $20 million on account of the Tax Assets, and 80%
of any recoveries in excess of $20 million; DFC's entitlement to
80% of any recoveries on account of the DFC Overpayment; DFC's
retention of 100% of the net proceeds of the sale of the OA Parking
Lot (approximately $1.5 million); the disallowance of the Doral
Recovery II POC; reservation of each of the parties' rights with
respect to the proceeds of directors and officers insurance
policies historically maintained by the DFC Group; mutual releases;
and cessation and dismissal of the pending litigations."  The Court
scheduled a Sept. 7, 2016 hearing on the motion, with objections
due by Aug. 26, 2016.

                About Doral Financial Corp.

Doral Financial Corp. (the "DFC") is a holding company whose
primary operating asset was equity in Doral Bank. DFC maintains
offices in New York City, Coral Gables, Florida and San Juan,
Puerto Rico.  The company has three wholly-owned subsidiaries:
Doral Properties, Inc., Doral Insurance Agency, LLC, and Doral
Recovery, Inc.

On Feb. 27, 2015, regulators placed Doral Bank into receivership
and named the Federal Deposit Insurance Corp. as receiver.  Doral
Bank served customers through 26 branches located in New York,
Florida, and Puerto Rico.

DFC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
15-10573) in Manhattan on March 11, 2015.  The case is assigned to
Judge Shelley C. Chapman. It estimated $50 million to $100 million
in assets and $100 million to $500 million in debt as of the
bankruptcy filing.


DRAW ANOTHER CIRCLE: Hilco to Assist in Sale of IP Assets
---------------------------------------------------------
Hilco Streambank has been hired, subject to bankruptcy court
approval, to assist Draw Another Circle, LLC d/b/a Hastings
Entertainment in the sale of its intellectual property assets.  The
assets include all IP associated with the Hastings(R), MovieStop(R)
and Tradesmart(R) brands.  The sale is being conducted pursuant to
Section 363 of the Bankruptcy Code in the Draw Another Circle, LLC
Chapter 11 case pending in the United States Bankruptcy Court for
the District of Delaware.  Parties interested in acquiring the IP
assets have been asked to submit bids on or before Thursday, Sept.
15, 2016 at 5:00 p.m. ET.

"The Hastings (R) brand has strong recognition by consumers in the
new and used multimedia market throughout the Southern, Midwest,
Northwest and Northeast U.S." said Hilco Streambank CEO,
Gabe Fried.  "Over the last fifty years, the Company has
established itself as a leading multimedia entertainment and
lifestyle retailer whose offerings include movies, video games and
consoles, software, consumer electronics, comic books, collectible
trading cards, action figures, recreation and hobby products, and
related apparel and accessories, at competitive price points for
both the newest releases as well as vintage products.  By acquiring
the MovieStop(R) brand from GameStop Corporation in 2014, Hastings
Entertainment was able to provide their loyal customer base of over
fifteen million with unmatched variety and quality in their movie
product lines."

Hastings Entertainment operated over 170 stores between each of
their banners, as well as its e-commerce platform,
http://www.gohastings.com/, which generated approximately 70
million unique page views over the last year.

                     About Hilco Streambank

Hilco Streambank -- http://www.hilcostreambank.com-- is an
advisory firm specializing in intellectual property disposition and
valuation representing brands across various industries.  Having
completed numerous transactions including sales in publicly
reported Chapter 11 bankruptcy cases, private transactions, and
online sales through HilcoDomains.com and IPv4Auctions.com, Hilco
Streambank has established itself as the premier intermediary in
the consumer brand, internet and telecom communities.  Hilco
Streambank is part of Northbrook, Illinois based Hilco Global
--http://www.hilcoglobal.com-- a worldwide financial services
company and a leader in helping companies maximize the value of
their assets.

                     About Draw Another Circle

Draw Another Circle, LLC and four of its subsidiaries, namely,
Hastings Entertainment, Inc., MovieStop, LLC, SP Images, Inc., and
Hastings Internet, Inc. filed voluntary petitions under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
16-11452) on June 13, 2016.

As of the bankruptcy filing, Hastings operated 123 entertainment
superstores, averaging approximately 24,000 square feet,
principally in medium-sized markets located in 19 states, primarily
in the Northwestern, Midwestern, and Southeastern United States,
and had over 3,500 employees.  As of the Petition Date,
Atlanta-based MovieStop operated 39 destination locations in 10
states, primarily along the Eastern United States Coast.

Headquartered in Franklin, Massachusetts, SP Images, Inc., is a
distributor of sports and entertainment products and apparel.
Hastings, MovieStop and SPI are each wholly-owned subsidiaries of
DAC.

Cooley LLP and Whiteford Taylor Preston, LLP serve as counsel to
the Debtors.  The Debtors tapped FTI Consulting as financial
advisor, and Rust Consulting/Omni Bankruptcy as claims and noticing
agent.

Andrew Vara, acting U.S. Trustee for Region 3, on June 21 appointed
seven creditors of Draw Another Circle, LLC, to serve on the
official committee of unsecured creditors.  The Official Committee
of Unsecured Creditors retained Lowenstein Sandler LLP as counsel,
FTI Consulting, Inc. as financial advisor, and BDO USA, LLP as
financial advisor.


EAST TEXAS MEDICAL CENTER: Moody's Cuts Debt Rating to Ba1
----------------------------------------------------------
Moody's Investors Service downgrades East Texas Medical Center
Regional Healthcare System's (ETMC) debt rating to Ba1 from Baa3.
The action affects $286 million of outstanding rated revenue bonds
issued by Tyler Health Facilities Development Corporation and Wood
County Central Hospital District. The rating outlook is negative.

The Ba1 reflects the system's weakening financial performance in FY
2015 which continues in to FY 2016 and thinning debt service
coverage. The financial weakening is due to the long-standing
out-of-network status with several of the commercial insurance
plans, rising bad debt and charity care in recent years, expenses
related to physician employment and costs associated with the Blue
Cross litigation. The Ba1 acknowledges the system's very recent,
successful conclusion of the litigation with Blue Cross and the
signing of a new multi-year contract, to be executed in the next 2
to 3 weeks. The favorable impact will likely be captured over a
longer period of time as the system faces some headwinds as it
seeks to build physician referrals in the highly competitive Tyler
market. The system's challenges are offset by the relatively low
leverage position and conservative investment allocation.

Rating Outlook

The negative outlook reflects our expectation that performance will
continue to be suppressed in the near term given the uncertain
nature of the market share recapture following the recent
settlement with Blue Cross (the largest commercial provider within
Texas). Inability to stabilize financial performance or maintain
the system's cash position could result in further pressure on the
rating.

Factors that Could Lead to an Upgrade

   -- Significant and durable improvement in operating performance

      more in line with Baa3 peers

   -- Improvement in debt service coverage ratios as well as
      improvement in liquidity metrics

Factors that Could Lead to a Downgrade

   -- Inability to stabilize financial performance over the near
      term

   -- Decrease in cash position

   -- Reduction in headroom to covenants

Legal Security

The obligated group is comprised of the parent corporation. All
affiliate hospitals have executed a security interest of their
revenues and receipts to the corporate parent in favor of the
master trustee for the benefit of all bondholders. Additionally,
each restricted affiliate signed an Undertaking Agreement which
obligates each affiliate to make contributions to the extent
necessary for due and punctual payments of principal and interest
for all outstanding bonded debt. The restricted affiliates must
adhere to all covenants in the master trust indenture. A mortgage
via a deed of trust is also pledged on the Tyler, Athens,
Jacksonville, and Quitman facilities.

Use of Proceeds

Not Applicable

Obligor Profile

East Texas Medical Center Regional Healthcare System is a system of
primary, secondary and tertiary healthcare facilities and services
located across east Texas. The system currently operates seven
acute care hospitals and several other entities including clinics
and specialty centers.

Methodology

The principal methodology used in this rating was Not-For-Profit
Healthcare Rating Methodology published in November 2015.


ECOSPHERE TECHNOLOGIES: Notes Amendments Delay Form 10-Q Filing
---------------------------------------------------------------
Ecosphere Technologies, Inc., notified the Securities and Exchange
Commission regarding the delay in the filing of its quarterly
report on Form 10-Q for the period ended June 30, 2016.

The Company was unable to timely complete the preparation of its
10-Q because it was completing the accounting relating to an
excessive amount of convertible note amendments which delayed
completion of the financial statements.  In addition, the Company
expects to close on a second business transaction in Washington
State and intends to include that in their 10-Q assuming it closes
this week.

Total revenues for the three and six months ended June 30, 2016,
were $46,449 and $53,429, while total revenues for the three and
six months ended June 30, 2015, were $6,250 and $19,964.  Net loss
for the three and six months ended June 30, 2016, were $(3,217,152)
and $(5,183,098), while net loss for the three and months ended
June 30, 2015 were $(2,309,329) and $(5,112,110).

                 About Ecosphere Technologies

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

Ecosphere reported a net loss of $23.06 million on $721,179 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $11.49 million on $1.11 million of total revenues for the
year ended Dec. 31, 2014.

As of March 31, 2016, the Company had $2.08 million in total
assets, $11.85 million in total liabilities, $3.90 million in total
redeemable convertible cumulative preferred stock, and a total
deficit of $13.7 million.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company reported
a net loss of $23,067,761 and $11,496,463 in 2015 and 2014,
respectively, and cash used in operating activities of $1,761,946
and $4,550,454 in 2015 and 2014, respectively.  At December 31,
2015, the Company had a working capital deficiency, stockholders'
deficit and accumulated deficit of $9,322,066, $12,218,672 and
$132,397,790 respectively.  These matters raise substantial doubt
about the Company's ability to continue as a going concern.


ELBIT IMAGING: Insightec Signs Cooperation Agreement with Siemens
-----------------------------------------------------------------
Elbit Imaging Ltd. announced that Insightec Ltd. has signed a
non-exclusive cooperation agreement with Siemens Healthcare GmbH, a
leading manufacturer and developer of diagnostic imaging equipment
in general and Magnetic Resonance scanners specifically, to develop
compatibility between INSIGHTEC's MRI guided Focused Ultrasound
Systems (MRgFUS) and Siemens MRI scanners (the "Systems") with the
intention to expand the MRgFUS market globally.

According to the Agreement, the Parties will cooperate regarding
the performance of R&D, integration, testing and approving the
compatibility of the Parties' Systems.

Each Party will be solely responsible, at its own cost, to obtain
the regulatory approval for its systems, and InSightec shall be
solely responsible, at its sole cost, to obtain the regulatory
approval for the combined system.  Each Party will bear all of its
internal and external costs relating to its performance under the
Agreement, except that InSightec shall reimburse Siemens an amount
agreed upon in the Agreement, for its R&D costs.

The Agreement also determines that each Party will act
independently in the marketing and sales of its component portion
of the Combined System, and determines the amount InSightec will
pay Siemens for sales of the Combined Systems.

The term of the Agreement is five years from the first commercial
sale of the combined system and shall automatically renew for
additional 1-year periods, unless either Party has provided a
notice for its non-renewal or of its termination, in accordance
with the terms of the Agreement.

Each Party will have a limited liability towards the other Party
for direct damages only.  In addition, each Party is required to
maintain a minimal insurance coverage for the purpose of the
Agreement during the term of the Agreement and for a few years
thereafter.

The Company holds approximately 89.9% of the share capital of Elbit
Medical Technologies Ltd. (TASE: EMTC-M) (86.2% on a fully diluted
basis) which, in turn, holds approximately 31.4% of the share
capital in INSIGHTEC (25.6% on a fully diluted basis).

                     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.

Elbit Imaging reported a loss of NIS 186.15 million on NIS 1.47
million of revenues for the year ended Dec. 31, 2015, compared to
profit of NIS 1 billion on NIS 461,000 of revenues for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, Elbit Imaging had NIS
778.25 million in total assets, NIS 758.96 million in total
liabilities and NIS 19.28 million in shareholders' equity.

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.


ELEPHANT TALK: Stockholders Elect Four Directors
------------------------------------------------
At the annual meeting of stockholders of Elephant Talk
Communications Corp. held on Tuesday, Aug. 16, 2016, the
stockholders:

  (1) elected Robert H. Turner, Robert Skaff, Roderick de Greef
      and Yves van Sante as directors to serve until the next
      annual meeting of stockholders;

  (2) ratified the appointment of Squar Milner LLP, an independent
      registered public accounting firm, as the Company's
      independent auditors for fiscal year 2016;

  (3) approved an amendment to Part A of Article IV of the
      Company's Certificate of Incorporation, as amended, to
      increase the number of authorized shares of common stock
      from 250,000,000 to 500,000,000;

  (4) approved an amendment to Part A of Article IV of the
      Certificate of Incorporation to effect a reverse stock split
      of the common stock at a ratio of between one-for-ten and
      one-for-twenty five with such ratio to be determined at the
      sole discretion of the Board and with such reverse stock
      split to be effected at such time and date, if at all, as
      determined by the Board in its sole discretion; and

  (5) approved an amendment to the Company's Certificate of
      Incorporation to change the name of the Company from
      "Elephant Talk Communications Corp." to "Pareteum
      Corporation," such name change to occur at such time and
      date, as determined by the Board in its sole discretion.

                      About Elephant Talk

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

Elephant Talk reported a net loss of $5 million on $31.01 million
of revenues for the year ended Dec. 31, 2015, compared to a net
loss of $21.9 million on $20.4 million of revenues for the year
ended Dec. 31, 2014.

As of June 30, 2016, the Company had $22.50 million in total
assets, $19.96 million in total liabilities and $2.53 milion in
total stockholders' equity.

Squar Milner, LLP (formerly Squar Milner, Peterson, Miranda &
Williamson, LLP), in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations, has an accumulated deficit of
$256 million and has negative working capital.  This raises
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


ELEPHANT TALK: Swings to $2.82M Net Loss in Q2 2016 Quarter
-----------------------------------------------------------
Elephant Talk Communications Corp. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $2.82 million on $3.26 million of revenues for the
three months ended June 30, 2016, compared to net income of $9.52
million on $19.2 million of revenues for the three months ended
June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $7.13 million on $6.54 million of revenues compared to net
income of $7.39 million on $24.3 million of revenues for the same
period last year.

As of June 30, 2016, the Company had $22.50 million in total
assets, $19.96 million in total liabilities and $2.53 million in
total stockholders' equity.

Elephant Talk was unable to file the Quarterly Report on a timely
basis because the Company required additional time to work
internally with its staff and externally with its outside auditors
to prepare and finalize the Form 10-Q.

Hal Turner, executive chairman of the Board of ET, stated, "During
the second quarter of 2016 our restructuring success accentuated
the Company's immediate need for new investment funds.  However,
efforts to secure new debt financing prior to the end of the second
quarter were delayed by factors beyond the control of the Company.
I am pleased to report that two very important stakeholders in the
Company, our largest customer and our senior lender have come
together to provide the necessary and vital support to enable the
future growth of the Company.  This is particularly gratifying and
although there is still plenty of work to do to restore much-needed
confidence from our equity investors and all our stakeholders, the
foundation has been established."

Through the end of the second quarter 2016, the Company has
completed two phases of its three-phase restructuring program
announced late in 2015, yielding cumulative annualized savings of
approximately $6.6 million primarily the result of headcount
reductions from 265 full time equivalents to 154 FTEs at the end of
the second quarter 2016.  Commenting on the restructuring, Mr.
Turner said, "Our restructuring efforts have generated great
savings and I am extremely proud of the resourcefulness and
resilience of our loyal employees around the world who have
continued to provide great service and support for our customers.
With the continued support of all of our stakeholders, we can now
look forward to the execution of the third phase of our program:
sales, marketing and growth.  The expected results will be the
finalization of our restructuring initiative, greater revenue per
employee, improved productivity and increasing revenues during the
second half of 2016 and beyond."

Mr. Turner addressed the importance of having the Company's
stakeholders' support: "The Company has emerged from a very
difficult operating period whereby we have had to instigate an
immediate 'right sizing' of the company relative to our current
revenue generating capabilities.  It is a testament to the
underlying strength of our Company, and the belief in our
technology and our people, that our senior lender has increased its
investment and our largest customer, who relies upon the Elephant
Talk platform, has reaffirmed its commitment and shared its plans
for growth.  The time is now for equity investors to embrace
management's vision, recognize the Company's strengths and
appreciate the vital role our senior lender has played in ensuring
the persistence of the Company.  We will tirelessly execute on the
mandate to complete the restructuring and grow the business
hand-in-hand with all of our stakeholders."

Mr. Turner continued: 'We are looking forward to moving into a
growth phase in parallel with the conclusion of our restructuring
program, and demonstrating the Company's full capability to provide
relevant highly valued services in a rapidly expanding addressable
market."

                       Going Concern

"Although we have previously been able to raise capital as needed,
there can be no assurance that additional capital will be available
at all, or if available, on reasonable terms.  Further, the terms
of such financing may be dilutive to our existing stockholders or
otherwise on terms not favorable to us, or our existing
stockholders.  If we are unable to secure additional capital,
and/or do not succeed in meeting our cash flow objectives or the
Lender takes steps to call the loan before new capital is
attracted, the Company will be materially and negatively impacted,
and we may have to significantly reduce our operations.

"As of June 30, 2016, these events combined with the delays in the
divestiture of ValidSoft raise substantial doubt about the
Company's ability to continue as a going concern.  The financial
statements do not include any adjustments that might result from
the outcome of this uncertainty.  The additional $1 million of
capital provided by Atalaya on August 15th is intended as
short-term bridge financing to help the Company complete an
issuance of equity and/or divest assets," the Company said in the
report.
The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/oRUXVn

                     About Elephant Talk

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

Elephant Talk reported a net loss of $5 million on $31.01 million
of revenues for the year ended Dec. 31, 2015, compared to a net
loss of $21.9 million on $20.4 million of revenues for the year
ended Dec. 31, 2014.

Squar Milner, LLP (formerly Squar Milner, Peterson, Miranda &
Williamson, LLP), in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company has
suffered recurring losses from operations, has an accumulated
deficit of $256 million and has negative working capital.  This
raises substantial doubt about the Company's ability to continue as
a going concern, the auditors said.


EMMAUS LIFE: Delays Filing of Quarterly Report with SEC
-------------------------------------------------------
Emmaus Life Sciences, Inc., disclosed in a Form 12b-25 filed with
the Securities and Exchange Commission that it has been unable to
complete its internal process for its consolidated financial
statements for the quarters ended June 30, 2016.

"Specifically, we are evaluating the appropriate accounting for
certain warrant issuances to a lender with initial derivative
liability characteristics and the impact of reclassification of
such warrant to equity as of June 30, 2016 and the quarter then
ended.  We are, however, in the process of completing these
evaluations and the other required work on these reports.  Based
upon our evaluations to date, we do not anticipate that any
adjustments resulting from these efforts will be material.

"These delays could not have been eliminated without unreasonable
effort or expense.  We expect to file our Quarterly Report on Form
10-Q for the quarterly period ended June 30, 2016 within the time
period permitted by Rule 12b-25."

                        About Emmaus Life

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

Emmaus Life reported a net loss of $12.69 million on $590,114 of
net revenues for the year ended Dec. 31, 2015, compared to a net
loss of $21.75 million on $500,679 of net revenues for the year
ended Dec. 31, 2014.

As of March 31, 2016, Emmaus Life had $1.34 million in total
assets, $31.69 million in total liabilities and a total
stockholders' deficit of $30.35 million.

SingerLewak LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations, its total liabilities exceed its
total assets and it has an accumulated stockholders' deficit.  This
raises substantial doubt about the Company's ability to continue as
a going concern.


ENERGY XXI: Equity Panel Hires Trott & Duncan as Bermuda Counsel
----------------------------------------------------------------
The Official Committee of Equity Security Holders of Energy XXI
Ltd., et al., seeks authorization from the U.S. Bankruptcy Court
for the Southern District of Texas to retain Trott & Duncan Limited
as Bermuda counsel to the Committee, effective as of August 2,
2016.

Equity Committee requires Trott & Duncan to:

   a. assist and advise regarding whether the Plan complies with
      Bermuda law and take action to protect the equity security
      holders' interests;

   b. provide Foreign Law Declarations in accord with Federal
      Rules of Civil Procedure Rule 44.1 and other applicable law
      to the extent needed;

   c. assist and advise regarding whether the Plan terminates the
      equity interests contrary to the requirements of Bermuda
      law;

   d. assist and advise regarding the Bermuda Liquidation
      Proceeding, including but not limited to what impact
      proceedings filed in that case could affect the Equity
      Committee's rights in the Bankruptcy;

   e. assist and advise the Equity Committee in connection with
      its powers and duties in Bermuda or in relation to matters
      of Bermuda law;

   f. assist and advise the Equity Committee in its examination
      and analysis of the conduct of the Debtors' affairs from a
      Bermuda law prospective;

   g. assist and advise the Equity Committee in connection with
      any sale of the Debtors' assets under Bermuda law; and

   h. appear in Bermuda as necessary to protect the rights of
      equity interests in Bermuda.

Trott & Duncan will be paid at these hourly rates:

     Delroy Duncan, Counsel             $695
     Janet Weaver, Paralegal            $150

Trott & Duncan will also be reimbursed for reasonable out-of-pocket
expenses incurred.

The following is provided in response to the request for additional
information as follows:

   a. Question: Did the Bermuda Counsel agree to any variations
                from, or alternatives to, Bermuda Counsels'
                standard billing arrangements for this
                engagement?

      Answer:   No.

   b. Question: Do any of the Bermuda Counsels' professionals in
                this engagement vary their rate based on the
                geographic location of the Debtors' chapter 11
                cases?

      Answer:   No.

   c. Question: If the Bermuda Counsel have represented the
                Equity Committee in the 12 months pre-petition,
                disclose the Bermuda Counsels' billing rates and
                material financial terms for the pre-petition
                engagement, including any adjustments during the
                12 months pre-petition. If Bermuda Counsels'
                billing rates and material financial terms have
                changed post-petition, explain the difference and
                the reasons for the difference.

      Answer:   Bermuda Counsel did not represent the Equity
                Committee pre-petition.

   d. Question: Has the Equity Committee approved the Bermuda
                Counsels' budget and staffing plan, and, if so,
                for what budget period?

      Answer:   The Equity Committee proposes to use the Bermuda
                Counsel on ad hoc basic and until Bermuda Counsel
                has a chance to investigate issues, a budget is
                premature.

Delroy Duncan, member of Trott & Duncan Limited, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Trott & Duncan can be reached at:

     Delroy Duncan, Esq.
     Trott & Duncan Limited
     17A Brunswick Street
     Hamilton HM HX, Bermuda
     Tel: (441) 295-7444
     Fax: (441) 295-6600

                    About Energy XXI Ltd

Energy XXI Ltd (OTCMKTS: EXXIQ) was incorporated in Bermuda on July
25, 2005. With its principal operating subsidiary headquartered in
Houston, Texas, Energy XXI is engaged in the acquisition,
exploration, development and operation of oil and natural gas
properties onshore in Louisiana and Texas and in the Gulf of Mexico
Shelf.

Energy XXI Ltd and 25 of its affiliates filed bankruptcy petitions
(Bankr. S.D. Tex. Lead Case No. 16-31928) on April 14, 2016.  The
petitions were signed by Bruce W. Busmire, the CFO.  Judge Karen K.
Brown is assigned to the cases.

Energy XXI Ltd on April 14, 2016, also filed a winding-up petition
commencing an official liquidation proceeding under the laws of
Bermuda before the Supreme Court of Bermuda.

The Debtors sought bankruptcy protection after reaching a deal With
lenders on the filing of a restructuring plan that would convert
$1.45 billion owed to second lien noteholders into equity of the
reorganized company.

The Debtors have hired Vinson & Elkins LLP as counsel, Gray Reed &
McGraw, P.C. as special counsel, Conyers Dill & Pearman as Bermuda
counsel, Locke Lord LLP as regulatory counsel, PJT Partners LP as
investment banker, Opportune LLP as financial advisor, Epiq
Systems, Inc., as notice and claims agent.

Wilmer Cutler Pickering Hale and Dorr LLP represent an ad hoc group
of certain holders and investment advisors and managers for holders
of obligations arising from the 8.25% Senior Notes due 2018 issued
pursuant to that certain Indenture, dated as of Feb. 14, 2011, by
and among EPL Oil & Gas, Inc., certain of EPL's subsidiaries, as
guarantors, and U.S. Bank National Association, as trustee.

The Office of the U.S. Trustee on April 26, 2016, appointed five
creditors of Energy XXI Ltd. to serve on the official committee of
unsecured creditors. The Committee retains Heller, Draper, Patrick,
Horn & Dabney LLC as its co-counsel, Latham & Watkins LLP as its
co-counsel, and FTI Consulting, Inc. as its financial advisor.

The U.S. Trustee also appointed an Official Committee of Equity
Security Holders.  The Equity Committee retained Hoover Slovacek
LLP as its legal counsel, and Williams Barristers & Attorneys, as
Bermuda counsel.


EQUINIX INC: S&P Raises CCR to 'BB+', Off Watch Positive
--------------------------------------------------------
S&P Global Ratings said it raised its corporate credit rating on
Redwood City, Calif.-based Equinix Inc. to 'BB+' from 'BB' and
removed all ratings from CreditWatch, where S&P had placed them
with positive implications on July 25, 2016.  The outlook is
stable.

At the same time, S&P raised its issue-level ratings on the
company's secured debt to 'BBB' from 'BBB-'.  The recovery rating
remains '1', indicating S&P's expectation for substantial recovery
(90%-100%) in a payment default scenario.  S&P also raised its
issue-level ratings on the company's unsecured debt to 'BB+' from
'BB'.  The recovery rating remains '3', indicating S&P's
expectation for meaningful (30%-50%; upper end of the range)
recovery in the event of a payment default.

"The upgrade reflects our belief that Equinix's network and
cloud-dense environment positions the company well to take
advantage of rising demand for data centers driven by increased IT
outsourcing by enterprises, data growth, and increased application
complexity," said S&P Global Ratings credit analyst Chris Mooney.

Equinix has steadily expanded over the years, both organically and
through acquisitions, more than doubling its revenue base since
2011.  The company now operates 146 data centers in 40 markets
across North America, Europe, and Asia making it the largest retail
colocation provider globally with a 14% share of the growing
market.  S&P believes Equinix's significant scale enhances the
value of its overall ecosystem, allowing customers to interconnect
to other enterprise, network and cloud customers--which S&P
believes will become more prevalent in the future as businesses,
networks, machines, and data become increasingly more
connected--while its global footprint attracts multinational
customers.  As a result, S&P anticipates that Equinix will outpace
overall retail colocation market growth of 8%-10% over the next
several years.  

The outlook is stable.  S&P expects adjusted net debt to EBITDA to
improve modestly to the low-4x area over the next year as earnings
growth is partly offset by lower cash balances and possibly
revolver borrowings to fund capital investments, acquisitions, and
dividend distributions.


FIRED UP: Gets Final OK to Use Cash Collateral Through Nov. 2
-------------------------------------------------------------
Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas authorized Fired Up, Inc. to use cash collateral
on a final basis to pay its usual and necessary operating expenses
through November 2, 2016.

The Debtor was allowed to exceed any line item on the budget by 25%
so long as it does not exceed the total allowance for cash
collateral for the month by more than 10%.  Any unused portion of
the line item for professional fees could be carried forward to
subsequent months.

The Debtor was directed to continue making the regularly scheduled
contractual payments on the debts owed to Prosperity Bank.

As adequate protection for the Comptroller of Public Accounts, the
Court ordered the Debtor to:

     a. segregate in a new debtor-in-possession "tax account” an
amount equal to the unpaid sales taxes accrued in June of 2016
which became due and payable on July 20, 2016;

     b. timely pay all sales taxes accrued during July of 2016,
including those for July 1 through July 13, 2016, on or before
August 22, 2016.

A full-text copy of the Final Cash Collateral Order, dated August
11, 2016, is available at http://tinyurl.com/zovu2mc


                              About Fired Up, Inc.

Fired Up, Inc., the Austin, Texas-based owner and operator of the
Johnny Carino's Italian restaurant chain, sought Chapter 11
bankruptcy protection (Bankr. W.D. Tex. Case No. 14-10447) on March
27, 2014, in Austin.  The Debtor is represented by Barbara M.
Barron, Esq. and Lynn Saarinen, Esq. at Barron & Newburger, P.C.,
in Austin.  It estimated assets and debt of $10 million to $50
million.

As of the bankruptcy filing, Fired Up had 2,900 employees and owned
and operated 46 company-owned stores known as Johnny Carino's
Italian in seven states (Texas, Arkansas, Colorado, Louisiana,
Idaho, Kansas and Missouri) and 61 franchised or licensed locations
in 17 states and four other countries (Bahrain, Dubai, Egypt and
Kuwait).

The company began its own "out of court" reorganization in the last
quarter of 2013 by closing 20 unprofitable restaurants.  The
company later opted to seek bankruptcy protection to tie up the
"loose ends" of its self-imposed "reorganization" that did not
appear capable of being tied up without litigation.  In particular,
the provisions of the Bankruptcy Code with respect to the rejection
of burdensome leases and the ability to propose and pay out its
debts pursuant to a Plan without piecemeal prosecution by random
uncooperative creditors undermining same were particularly
attractive.

For the fiscal year ending June 27, 2012, the company reported
total revenues of $125.7 million, net income of $614,000, and guest
counts of 8.6 million.  For the fiscal year ending June 26, 2013,
the company reported total revenues of $120.8 million, a net loss
of $5.9 million, and guest counts totaling 8.5 million.

The Debtor disclosed $10,360,877 in assets and $36,139,375 in
liabilities.

Creed Ford III is the majority shareholder and has served as
president and CEO since 2008.   Mr. Ford and Norman J. Abdallah
formed Fired Up in 1997 for the purpose of acquiring the then
six-unit Johnny Carino's Italian Kitchen chain from Brinker
International, Inc.

The U.S. Trustee appointed a seven-member Official Committee of
Unsecured Creditors.  The Committee tapped Pachulski Stang Ziehl &
Jones LLP as its counsel, and FTI Consulting, Inc. as its financial
advisor.


FORESIGHT ENERGY: Appoints Brian Sullivan as Director
-----------------------------------------------------
Foresight Energy LP has appointed Mr. Brian D. Sullivan as a new
independent member of the Board of Directors of its general partner
and a member of the Board's audit committee.  

Mr. Sullivan has extensive experience in the coal industry, most
recently serving as a managing member of Energy Resource Services,
LLC, a consulting company that provides M&A and commercial advisory
services to companies in the natural resources, energy and
industrial sectors.  Previously, Mr. Sullivan worked for Alpha
Natural Resources, Inc. as the executive vice president and chief
commercial officer.    

"Brian brings many years of experience in the coal industry to our
board.  His prior experiences as an operator and consultant will
serve the board well.  I look forward to working with him as we
continue our mission to operate the most efficient, reliable and
safest coal mines in the country," said Mr. Chris Cline,
Foresight's founder and Chairman of the Board.  

                   About Foresight Energy

Foresight Energy mines and markets coal from reserves and
operations located exclusively in the Illinois Basin.  
As of Dec. 31, 2015, the Company has invested over $2.3 billion to
construct state-of-the-art, low-cost and highly productive mining
operations and related transportation infrastructure.  The Company
controls over 3 billion tons of proven and probable coal in the
state of Illinois, which, in addition to making the Company one of
the largest reserve holders in the United States, provides organic
growth opportunities.  The Company's reserves consist principally
of three large contiguous blocks of uniform, thick, high heat
content (high Btu) thermal coal which is ideal for highly
productive longwall operations.  Thermal coal is used by power
plants and industrial steam boilers to produce electricity or
process steam.

Foresight Energy reported a net loss attributable to limited
partner units of $39.47 million on $984.85 million of total
revenues for the year ended Dec. 31, 2015, compared to net income
attributable to limited partner units of $70.19 million on $1.10
billion of total revenues for the year ended Dec. 31, 2014.

As of June 30, 2016, Foresight had $1.74 billion in total assets,
$1.79 billion in total liabilities and a total partners' deficit of
$45.9 million.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, noting that the Partnership is
in default of certain provisions of its long-term debt and capital
lease obligations, resulting in a working capital deficit as of
Dec. 31, 2015.  These conditions raise substantial doubt about the
Partnership's ability to continue as a going concern.

                          *     *     *

The Troubled Company Reporter on March 22, 2016, reported that
Standard & Poor's Ratings Services said it lowered its corporate
rating on St. Louis-based Foresight Energy to 'D' from 'CCC-'.

As reported by the TCR on March 29, 2016, Moody's Investors
Service downgraded all ratings of Foresight Energy, including the
corporate family rating to 'Caa3' from 'Caa1'.


FRANKLIN LOCKE: Selling Wine Collection to CANA for $9K
-------------------------------------------------------
Franklin Graham Locke asks the U.S. Bankruptcy Court for the Middle
District of Tennessee, to authorize the sale of the wine collection
listed in Schedule B of the Debtor's Petition to CANA Wine Co., LLC
for $9,000.

The matter must be handled on an expedited basis because (a) an
Order has been issued in the Debtor's divorce proceeding requiring
the sale of certain property including the wine collection, (b) the
wine collection is currently located inside the Debtor's real
property on Lynnwood Boulevard, (c) the Real Property is being sold
with a closing date set for Aug. 26, 2016, (d) the wine collection
must be moved out of the Real Property before the closing on the
Real Property sale, and (e) the purchase of the wine collection is
contingent upon the Court's approval.

The Debtor requests the Court to set the hearing on the Motion for
Aug. 23, 2016 at 9:00 a.m. and the deadline for filing any
objections to the Motion for Aug. 19, 2016, at noon local time.

The Debtor's interest in the wine collection is not encumbered.

The entire amount of the net sale proceeds will be deposited with
the Clerk of Davidson County Circuit Court and maintained in an
interest-bearing account pending further order of the Circuit Court
in the divorce proceeding styled Dr. Franklin Graham Locke v.
Kristin Stegall Locke, Docket No. 15D-194.

                   About Franklin Graham Locke

Franklin Graham Locke filed a Chapter 11 bankruptcy petition
(Bankr. M.D. Tenn. Case No. 16-01893) on March 16, 2016.  

The Debtor and Kristin Locke were, and still remain, parties to a
divorce proceeding pending before the Fourth Circuit Court for
Davidson County, Tennessee styled Dr. Franklin Graham Locke v.
Kristin Stegall Locke, Docket No. 15D-194.  In the Divorce
Proceeding, and prior to the filing of the bankruptcy case, an
order was entered requiring the sale of certain personal property.

Timothy G. Niarhos and Gray Waldron at Law Office of Timothy G.
Niarhos serve as counsel.


FREDDIE MAC: Fed. Cir. Affirms Dismissal of Former CFO's Lawsuit
----------------------------------------------------------------
Judges Timothy B. Dyk, Todd M. Hughes and Alvin A. Schall decided
this week in Piszel v. U.S., No. 15-5100 (Fed. Cir.), to affirm a
decision dismissing a lawsuit filed in the U.S. Court of Federal
Claims by Freddie Mac's former CFO.  

The short story is that Freddie Mac hired Anthony S. Piszel as its
CFO in 2006, and entered into a written employment agreement with
him.  That agreement said that if his employment were terminated
without cause Freddie would make a lump-sum severance payment.  Two
weeks after placing Freddie into conservatorship in Sept. 2008, the
Federal Housing Finance Agency directed Freddie's CEO to terminate
Mr. Piszel's employment without cause and make no severance payment
to Mr. Piszel.  Freddie did as it was instructed.  

In 2014, Mr. Piszel sued the government.  The complaint initiating
Piszel v. U.S., Case No. 14-cv-00691 (Ct. Fed. Cl.), argues that
FHFA's actions constitute a taking of Mr. Piszel's private property
rights without just compensation in violation of the Fifth
Amendment.  The government says it took nothing from Mr. Piszel, he
should have filed a breach of contract suit against Freddie, and,
moreover, because he worked for a highly regulated business he
should have known the government could change the terms of his
employment at any time.

The Federal Circuit disagreed with the government's position that
Mr. Piszel lacked a cognizable Fifth Amendment property interest.
The Federal Circuit also rejected the government's position that
filing a breach of contract suit is a prerequisite to asserting a
takings claim.  The Federal Circuit rejected the government's
suggestion that Mr. Piszel should have known his contract could be
rewritten at any time.  The Federal Circuit did fault Mr. Piszel
for not filing a breach of contract suit against Freddie Mac in
Virginia state court before the statute of limitation expired and
for not alleging in his complaint filed in the Court of Federal
Claims that a lawsuit in Virginia would have been futile.  A copy
of the ruling is available at http://goo.gl/cD4IMLat no change.   

Following advice related in an Amicus Brief from Pershing Square
Capital Management, L.P., and other GSE shareholders in support of
neither party, the Federal Circuit did not rely on Judge Lamberth's
decision in Perry v. Lew that dismissed shareholder complaints
filed in the District Court challenging the Net Worth Sweep.  The
three-judge panel didn't make a single reference to Judge
Lamberth's decision in deciding Piszel v. U.S.


FRESH & EASY: Committee Taps ASK LLP as Special Counsel
-------------------------------------------------------
The official committee of unsecured creditors of Fresh & Easy, LLC
seeks approval from the U.S. Bankruptcy Court for the District of
Delaware to hire ASK LLP as its special counsel.

The committee tapped the firm to investigate and prosecute
potential avoidance actions.

ASK will be compensated on a contingency fee basis in accordance
with its agreement with the committee, which sets forth this
contingency fee schedule:

     (a) For work done prior to the filing of an avoidance action,

         the firm will earn legal fees on a contingency basis of
         15% of the cash value of any avoidance action recoveries
         and the cash equivalent value of any claim waiver
         obtained.

     (b) For work done after the filing of an avoidance action,
         the firm will earn legal fees on a contingency basis of
         23% of the cash value of any avoidance action recoveries
         and the cash equivalent value of any claim waiver
         obtained.

     (c) For work done after the issuance of a judgment, the firm
         will earn legal fees on a contingency basis of 28% of
         the cash value of any avoidance action recoveries and the

         cash equivalent value of any claim waiver obtained.

Joseph Steinfeld, Jr., co-managing principal of ASK, disclosed in a
court filing that the firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

In response to the request for additional information set forth in
the U.S. Trustee's Appendix B Guidelines, ASK disclosed that it did
not agree to any variations from, or alternatives to, its standard
or customary billing arrangements for the engagement.  The firm
further disclosed that its professionals did not vary their rate
based on the geographic location of the bankruptcy case.

ASK can be reached through:

     Joseph L. Steinfeld, Jr., Esq.
     ASK LLP
     2600 Eagan Woods Drive, Suite 400
     St. Paul, MN 55121
     Tel: 651-406-9665
     Fax: 651-406-9676

                        About Fresh & Easy

Fresh & Easy, LLC, a chain of grocery stores in the Southwest
United States, filed a Chapter 11 bankruptcy petition (Bankr. D.
Del., Case No. 15-12220) on Oct. 30, 2015.  The petition was signed
by Peter McPhee, the chief financial officer.  The Debtor estimated
assets of $10 million to $50 million and liabilities of at least
$100 million.

Judge Christopher S. Sontchi is assigned to the case.

The Debtor has engaged Cole Schotz P.C. as counsel, Epiq Bankruptcy
Solutions, LLC, as claims and noticing agent, DJM Realty Services,
LLC, and CBRE Group, Inc., as real estate consultants and FTI
Consulting, Inc., as restructuring advisors.

                          *     *     *

The Debtor has undertaken the process of liquidating the estate's
assets located at its retail locations and distribution center
with the assistance of Hilco Merchant Resources, LLC, and
Industrial Assets Corp., respectively, has engaged DJM Realty
Services, LLC, and CBRE, Inc., to market its leasehold interests,
and has recently engaged Hilco Streambank to assist with the
disposition of its intellectual property.


FTE NETWORKS: Reports $1.11 Million Net Loss for Second Quarter
---------------------------------------------------------------
FTE Networks, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q on Aug. 16, 2016.

The filing of the Form 10-Q was delayed due to unforeseeable
circumstances which caused a delay in the final review of the
financial statements for the period ended June 30, 2016.

FTE Networks reported a net loss attributable to common
shareholders of $1.07 million on $3.16 million of revenues for the
three months ended June 30, 2016, compared to a net loss
attributable to common shareholders of $1.52 million on $4.07
million of revenues for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss attributable to common shareholders of $2.19 million on $5.25
million of revenues compared to a net loss attributable to common
shareholders of $2.27 million on $7.41 million of revenues for the
same period in 2015.

As of June 30, 2016, FTE Networks had $9.69 million in total
assets, $19.95 million in total liabilities, $437,380 in total
temporary equity, and a total stockholders' deficiency of $10.69
million.

As of June 30, 2016, the Company has an accumulated deficit of
$14.9 million.  In addition, the Company has working capital
deficiencies of $4.2 million and $3.6 million as of June 30, 2016
and
Dec. 31, 2015, respectively.  Management plans to continue to raise
additional funds through the sales of debt or equity securities
until such time its operations will begin to produce a positive
cash flow.  However, there is no assurance that additional
financing will be available when needed or that management will be
able to obtain and close financing transactions on terms acceptable
to the Company or 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.  There can be no assurance that such a plan will be
successful.  As of June 30, 2016, the Company has a backlog of
approximately $33,000,000 of future orders to be fulfilled in the
next twelve months.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/8dGUVB

                     About FTE Networks

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.

FTE Networks reported a net loss attributable to common
shareholders of $3.63 million on $14.4 million of revenues for the
year ended Sept. 30, 2015, compared to net income of $436,000 on
$16.9 million of revenues for the year ended Sept. 30, 2014.


FURR TRANSMISSIONS: Selling All Assets to Insider for $35K
----------------------------------------------------------
Furr Transmissions, Inc., asks the U.S. Bankruptcy Court for the
Southern District of Mississippi to authorize the sale of
substantially all assets outside of the ordinary course of business
to insider Aubrey Furr for $35,000.

The Debtor is a Mississippi corporation, which is engaged in a
vehicle transmission repair business located in Ridgeland,
Mississippi.

The Debtor's assets consist of the following:

          a. Equipment;
          b. Fixtures;
          c. Goods;
          d. Inventory;
          e. Intellectual property of all types and kinds;
          f. Debtor's land and building;
          g. Furniture and furnishings;
          h. Various contract rights; and
          i. Accounts receivable.

The first lien on the Debtor's real estate, land, buildings and
improvements ("Real Estate") is held by Trustmark National Bank
("TNB"). The Internal Revenue Service ("IRS") holds tax liens upon
and substantially all of the Debtor's remaining assets that existed
pre-petition. The Debtor also  
owes ad valorem taxes on the assets.

The IRS has started at least 2 tax sales in order to acquire
ownership of the Debtor's assets and/or to close down the Debtor's
business.  Both times, the IRS declined to execute, as a final
matter, upon its tax liens and it walked away from the
tax/execution sales.

For so many years, the Debtor has searched high and low for a
possible purchaser of the business, or a manager to take over the
business, or to acquire the business as a going concern. The search
has continued post-petition.

The Debtors met with their son and their accountant, and all agreed
that it would be in the Debtor's best interest to sell the assets
of the business, free and clear of liens, claims and pledges to the
Debtor's son, Aubrey Furr, who will likely form a separate limited
liability company to hold title to the assets.

While Aubrey Furr is an insider, as he is the son of the Debtor's
principals, his offer is good faith offer, and it represents not
only the highest and best offer the Debtor has received to date, it
represents the only viable offer that exists, or that has ever
existed, under the circumstances.

The offer of Aubrey Furr is to pay $35,000, in cash, for the
assets, together with an assumption of the indebtedness owed to TNB
and a "profit sharing agreement" with the junior creditors of the
real estate and senior secured creditor as to the remaining assets
that form part of the collateral of the IRS. Specifically, Aubrey
Furr believes that a cash infusion into the business will be
necessary to bring all of its expenses current, and to establish a
small credit line for the business to buy parts and supplies at
local vendors without having go out of state.

The profit sharing is as follows:

   a. If, at the end of the first 12 months of operations, Aubrey
Furr, or his designee, has earned sufficient income to pay all the
operating expenses, all overhead, its secured debt to TNB and the
Debtor will thereupon share those profits with senior lien holders
on a straight dollar-for-dollar basis. The known tax lien holders
currently are the IRS, Mississippi Department of Revenue ("MDOR")
and TNB.  The purchaser will retain enough funds for inventory at
the end of each 12-month period to carry him into the next quarter
whereupon he will have sufficient amounts of funds available to
meet the operating expenses of the next year. This will continue
for a period of 5 years;

   b. At the end of the 5-year period, the plan will terminate the
purchaser will not owe anything to IRS or MDOR.

It is the Debtor's contemplation that the ad valorem tax
authorities will receive the vast bulk of the funds generated upon
the sale.

Attorneys for the Debtor:

          Craig M. Geno, Esq.
          Jarret P. Nichols, Esq.
          LAW OFFICES OF CRAIG M. GENO, PLLC
          587 Highland Colony Parkway
          Ridgeland, MS 39157
          Telephone: (601) 427-0048
          Facsimile: (601) 427-0050
          E-mail: cmgeno@cmgenolaw.com
                  jnichols@cmgenolaw.com

                     About Furr Transmissions

Furr Transmissions, Inc., is a Mississippi corporation, which is
engaged in a vehicle transmission repair business located in
Ridgeland, Mississippi.

Furr Transmissions sought the Chapter 11 protection (Bankr. S.D.
Miss. Case No. 15-01473) on May 4, 2015.

The Debtor estimated assets and liabilities in the range of
$500,001 to $1,000,000.

Craig M. Geno, Esq. of the Law Offices of Craig M. Geno, PLLC
serves as the Debtor's counsel.

The petition was signed by Patsy Brown Furr, vice
president/secretary/registered agent/owner.


GELTECH SOLUTIONS: Issues $175,000 Convertible Note to President
----------------------------------------------------------------
GelTech Solutions, Inc., issued Mr. Michael Reger, the Company's
president and principal shareholder, a $175,000 7.5% secured
convertible note in consideration for a $175,000 loan.  The note,
which was issued on Aug. 12, 2016, is convertible at $0.3351 per
share and matures on Dec. 31, 2020.  Repayment of the note is
secured by all of the Company's assets including its intellectual
property and inventory in accordance with a secured line of credit
agreement between the Company and Mr. Reger.  Additionally, the
Company issued Mr. Reger 261,116 two-year warrants exercisable at
$2.00 per share.  

All of the securities were issued without registration under the
Securities Act of 1933 in reliance upon the exemption provided in
Section 4(a)(2) and Rule 506(b) thereunder.

                          About GelTech

Jupiter, Fla.-based GelTech Solutions. Inc., is a Delaware
corporation organized in 2006.  The Company markets four products:
(1) FireIce(R), a water soluble fire retardant used to protect
firefighters, structures and wildlands; (2) Soil2O(R) 'Dust
Control', its new application which is used for dust mitigation in
the aggregate, road construction, mining, as well as, other
industries that deal with daily dust control issues; (3)
Soil2O(R), a product which reduces the use of water and is
primarily marketed to golf courses, commercial landscapers and the
agriculture market; and (4) FireIce(R) Home Defense Unit, a system
for applying FireIce(R) to structures to protect them from
wildfires.

For the year ended June 30, 2015, the Company reported a net loss
of $5.51 million on $800,365 of sales compared to a net loss of
$7.11 million on $814,587 of sales for the year ended June 30,
2014.

As of Dec. 31, 2015, Geltech had $1.96 million in total assets,
$6.44 million in total liabilities and a total stockholders'
deficit of $4.48 million.

The Company's auditors Salberg & Company, P.A., in Boca Raton,
Florida, issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
the Company has a net loss and net cash used in operating
activities in of $2,638,580 and $2,146,501, respectively, for the
six months ended Dec. 31, 2015, and has an accumulated deficit and
stockholders' deficit of $43,285,883 and $4,482,416, respectively,
at Dec. 31, 2015.  These matters raise substantial doubt about the
Company's ability to continue as a going concern.


GENERAL PRODUCTS: Great Lakes No Longer Member of Committee
-----------------------------------------------------------
The U.S. trustee for Region 9 on August 17 said Great Lakes Die
Cast Corp. is no longer a member of the official committee of
unsecured creditors appointed in the Chapter 11 cases of General
Products Corp. and General Products Mexico LLC.

The remaining members of the committee are:

     (1) Vernon Reizman
         RCM Industries, Inc.
         3021 Cullerton Dr.
         Franklin Park, IL 60131
         Phone: 847-455-1950, ext. 150
         Fax: 847-455-1966
         Email: vreizman@rcmindustries.com

     (2) Robert P. Vilsack
         General Aluminum Mfg. Co.
         6065 Parkland Blvd.
         Cleveland, OH 44124
         Phone: 440-947-2203
         Fax: 440-947-2209
         Email: Bob.Vilsack@PKOH.COM

     (3) Chris Seanor
         Bremen Castings, Inc.
         500 N. Baltimore St.
         Bremen, IN 46506
         Phone: 574-546-2411, Ext. 210
         Email: cseanor@bcimail.com

     (4) Paul Mills
         Haggard & Stocking Associates, Inc.
         P.O. Box 240
         Beech Grove, IL 46107
         Phone: 317-788-4661
         Fax 317-781-3282
         Email: pmills@haggard-stocking.com

     (5) Jeffrey L. Turner
         Metal Technologies of Indiana, Inc.
         1401 S. Grandstaff Drive
         Auburn, IN 46706
         Phone: 260-920-2115
         Fax: 260-925-4737
         Email: jturner@metal-techonolgies.com

                 About General Products

General Products Corporation and General Products Mexico, LLC, both
based in Livonia, MI, filed a Chapter 11 petition (Bankr. E.D.
Mich. Case Nos. 16-49267 and 16-49269) on June 27, 2016.  The Hon.
Thomas J. Tucker (16-49267) and Walter Shapero (16-49269) preside
over the case. Rachel L. Hillegonds, Esq. and John T. Piggins,
Esq., at Miller Johnson, as bankruptcy counsel.

In its petition, General Products Corporation estimated $50 million
to $50 million in both assets and liabilities.  General Products
Mexico estimated $50,000 to $50 million in both assets and
liabilities.  The petition was signed by Andrew Masullo, president
and chief executive officer.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors in the case.


GENIUS BRANDS: Incurs $1.43 Million Net Loss in Second Quarter
--------------------------------------------------------------
Genius Brands International, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss applicable to common stockholders of $1.43 million on
$176,332 of total revenues for the three months ended June 30,
2016, compared to a net loss attributable to common stockholders of
$987,855 on $133,615 of total revenues for the three months ended
June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss applicable to common stockholders of $3.16 million on $528,225
of total revenues compared to a net loss applicable to common
stockholders of $1.62 million on $430,249 of total revenues for the
six months ended June 30, 2015.

As of June 30, 2016, Genius Brands $19.11 million in total assets,
$6.42 million in total liabilities and $12.68 million in total
stockholders' equity.

Historically, the Company has incurred net losses.  As of June 30,
2016, the Company had an accumulated deficit of $30,213,445 and
total stockholders' equity of $12,689,220.  At June 30, 2016, the
Company had current assets of $5,496,506, including cash of
$4,938,720 and current liabilities of $3,679,324, including certain
trade payables of $925,000 to which the Company disputes the claim,
resulting in working capital of $1,817,182.  For the three months
ended June 30, 2016 and 2015, the Company reported a net loss of
$1,182,952 and $987,855, respectively.  For the six months ended
June 30, 2016 and 2015, the Company reported a net loss of
$2,832,669 and $1,624,117, respectively, and reported net cash used
by operating activities $324,208 and $1,896,298, respectively.

During the six months ended June 30, 2016, the Company received
gross proceeds of $2,000,000 pursuant to its distribution agreement
with Sony Pictures Home Entertainment as well as $275,000 for the
settlement of a distribution agreement.  While the Company believes
that its current cash balances will be sufficient to fund
operations for the next twelve months, there can be no assurance
that cash flows from operations will continue to improve in the
near future.  If the Company is unable to attain profitable
operations and maintain positive operating cash flows, it may need
to (i) seek additional funding, (ii) scale back its development
plans, or (iii) reduce certain operations."

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/iqlG0p

                       About Genius Brands

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

Genius Brands reported a net loss of $3.48 million on $907,983 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $3.72 million on $926,000 of total revenues for the year
ended Dec. 31, 2014.


GENIUS BRANDS: Issues Letter to Shareholders
--------------------------------------------
Genius Brands International, Inc., distributed on Aug. 15, 2016, a
letter to its shareholders.  The letter discusses some specific
second quarter 2016 financial highlights.

"Today we released our 10Q filing for the 2nd quarter of 2016.  We
are on track to finish the year with material growth in revenues,
asset creation, licensees, channel subscribers, and advertising
revenue to our growing channel with Comcast currently in 21 million
homes, KID GENIUS," the letter stated.

A copy of the letter is available for free at https://is.gd/8JQxbG

                       About Genius Brands

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

Genius Brands reported a net loss of $3.48 million on $907,983 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $3.72 million on $926,000 of total revenues for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, Genius Brands had $18.9
million in total assets, $4.74 million in total liabilities and
$14.1 million in total equity.


GERARD BOEH FLOWERS: Hires Stanley Kirshenbaum as Counsel
---------------------------------------------------------
Gerard Boeh Flowers, Inc. asks for permission from the U.S.
Bankruptcy Court for the Western District of Pennsylvania to employ
Stanley A. Kirshenbaum as counsel.

The Debtor requires Mr. Kirshenbaum to:

   (a) give the Debtor legal advice with respect to his powers and

       duties as Debtor-in-Possession in the continued operation
       of his business and the management of his property;

   (b) represent the Debtor in any actions filed pursuant to the
       estate's avoidance powers under the Bankruptcy Code, any
       objections to claims, or any other proceedings which arise
       in, or are related to, this case;

   (c) prepare on behalf of the Debtor necessary applications,
       answers, orders, reports, or other legal papers;

   (d) advise and represent the Debtor in matters of litigation
       and law and procedure which arise during the course of the
       bankruptcy case; and

   (e) perform all other legal services which may be necessary in
       the administration of this bankruptcy case.

Mr. Kirshenbaum has agreed to represent the Debtors at the rate of
$250 per hour. The Debtor shall be responsible for payment of
costs.

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

The Debtor has paid Mr. Kirshenbaum a retainer of $5,000, which
does not include the filing fee, which has been paid by Koren Boeh,
an officer of the corporation.

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

Mr. Kirshenbaum can be reached at:

       Stanley A. Kirshenbaum, Esq.
       P.O. Box 8150
       Pittsburgh, PA 15217
       Tel: (412) 848-8692
       E-mail: SAK@SAKLAW.COM

Gerard Boeh Flowers, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Pa. Case No. 16-22840) on August 1, 2016.  The Debtor
is represented by Stanley A. Kirshenbaum, Esq.


GLEN ROBERT ANLIKER: Disclosure Statement Has Final Approval
------------------------------------------------------------
Bankruptcy Judge Janice Miller Karlin granted final approval to the
disclosure statement explaining the Chapter 11 Plan of
Reorganization by Glen Robert Anliker and Lorean Phyllis Anliker.

The Plan documents were filed June 27, 2016.  The Court on June 29,
granted conditional approval to the Disclosure Statement.

United States Trustee Samuel K. Crocker and Deere & Company have
filed objections to confirmation of the Debtors' Chapter 11 Plan.


However, no objections to the Disclosure Statement have been filed
as of July 29, 2016, or at any time thereafter.  Therefore, the
Debtors' Disclosure Statement should be finally approved, the Court
said.

The hearing to consider final approval of the disclosure statement
and confirmation of the plan was held August 1, 2016.  The hearing
on the confirmation of the Plan was continued by the Court to
August 16, for feasibility testimony based upon the timely filing
of the U.S. Trustee's Plan Objection and John Deere's Plan
Objection.

Glen Robert Anliker and Lorean Phyllis Anliker filed for Chapter 11
bankruptcy petition (Bankr. D. Kan. Case No. 15-41302) on December
30, 2015.  They are represented by:

         David R. Klaassen, Esq.
         Attorney at Law
         2649 6th Avenue
         Marquette, KS 67464
         Tel: (785) 546-2358
         Fax: (785) 546-2528
         E-mail: drklaassen@ks-usa.net


GLOBAL COMMODITY: Disclosure Statement Hearing Moved to Sept. 14
----------------------------------------------------------------
U.S. Bankruptcy Judge Brian K. Tester said the hearing for Aug. 24,
2016, to consider the Disclosure Statement accompanying Global
Commodity Group, Inc.'s Chapter 11 plan is rescheduled for Sept. 14
at 9:00 a.m. at the U.S. Bankruptcy Court, Jose V. Toledo Federal
Building and U.S. Courthouse, 300 Del Recinto Sur, Courtroom No. 1,
Second Floor, San Juan, Puerto Rico.

Global Commodity Group, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. D.P.R. Case No. 15-08395) on Oct. 28, 2015, in San
Juan, Puerto Rico.  U.S. Bankruptcy Judge Brian K. Tester presides
over the case.  In its petition, the Debtor estimated under $50,000
in assets and under $10 million in liabilities.  The petition was
signed by Ramon L Nunez Freytes, president.

The Debtor is represented by:

          Maria Soledad Lozada Figueroa, Esq.
          MS LOZADA LAW OFFICE
          PO BOX 9023888
          San Juan, PR 00902
          Tel: 787 520 6002
          Fax: 787 520 6003
          E-mail: lcdamslozada@gmail.com


GLYECO INC: Incurs $1M Q2 Net Loss, Raises Going Concern Doubt
--------------------------------------------------------------
Glyeco, Inc., filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss of $1.04
million on $1.31 million of net sales for the three months ended
June 30, 2016, compared to a net loss of $1.07 million on $2.04
million of net sales for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $1.84 million on $2.75 million of net sales compared to a
net loss of $2.05 million on $3.38 million of net sales for the
same period during the prior year.

As of June 30, 2016, Glyeco had $6.16 million in total assets,
$1.29 million in total liabilities and $4.86 million in total
stockholders' equity.

"As of June 30, 2016, 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.  These factors
raise substantial doubt about the Company's ability to continue as
a going concern.  Ultimately, we plan to achieve profitable
operations through the implementation of operating efficiencies at
our facilities and increased revenue through the offering of
additional products and the expansion of our geographic footprint
through acquisitions, broader distribution from our current
facilities and/or the opening of additional facilities."

"Our plans to address these matters include achieving profitable
operations, raising additional financing through offering our
shares of the Company's capital stock in private and/or public
offerings of our securities and through debt financing if available
and needed.  There can be no assurances, however, that the Company
will be able to obtain any financings or that such financings will
be sufficient to sustain our business operation or permit the
Company to implement our intended business strategy.  We plan to
achieve profitable operations through the implementation of
operating efficiencies at our facilities and increased revenue
through the offering of additional products and the expansion of
our geographic footprint through acquisitions, broader distribution
from our current facilities and/or the opening of additional
facilities," the Company said in the report.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/QQ80gf

                         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 available to common shareholders of
$12.5 million on $7.36 million of net sales for the year ended Dec.
31, 2015, compared to a net loss available to common shareholders
of $8.73 million on $5.89 million of net
sales for the year ended Dec. 31, 2014.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that
the Company has had recurring losses from operations, has negative
operating cash flows during the year ended Dec. 31, 2015, and has
an accumulated deficit of $34,550,503 as of Dec. 31, 2015.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


GRAYN COMPANY: Hires Brownstein as Counsel
------------------------------------------
Grayn Company, seeks authority from the U.S. Bankruptcy Court for
the Central District of California to employ William H. Brownstein
& Associates, P.C. as counsel to the Debtor.

Grayn Company requires Brownstein to:

   (A) advise the Debtor regarding matters of bankruptcy law and
       concerning the requirements of the Bankruptcy Code, and
       Bankruptcy Rules relating to the administration of this
       case, and the operation of the Debtor’s estate as a debtor

       in possession;

   (B) represent the Debtor in proceedings and hearings in the
       court involving matters of bankruptcy law;

   (C) assistance in compliance with the requirements of the
       Office of the United States trustee;

   (D) provide the Debtor legal advice and assistance with
       respect to the Debtor’s powers and duties in the continued

       operation of the Debtor’s business and management of
       property of the estate;

   (E) assist the Debtor in the administration of the estate's
       assets and liabilities;

   (F) prepare necessary applications, answers, motions, orders,
       reports and/or other legal documents on behalf of the
       Debtor;

   (G) assist in the collection of all accounts receivable and
       other claims that the Debtor may have and resolve claims
       against the Debtor’s estate;

   (H) provide advice, as counsel, concerning the claims of
       secured and unsecured creditors, prosecution and/or
       defense of all actions;

   (I) prepare, negotiate, prosecute and attain confirmation of a
       plan of reorganization;

   (J) represent the Debtor in the pending appeal of the decision
       of the United States District Court for the Central
       District of California in the case entitled Attibury Grain
       vs. Grayn Company, et al., etc.

Brownstein will be paid at these hourly rates:

     William H. Brownstein            $495
     Stanley Coleite                  $325

Brownstein will be paid a retainer in the amount of $35,000 plus
the filing fees of $1,717.  The Debtor agreed to pay $5,000 a month
to be paid into the attorney-client trust account to be applied
towards the retainer.

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

William H. Brownstein, member of William H. Brownstein &
Associates, P.C., assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

Brownstein can be reached at:

     William H. Brownstein, Esq.
     WILLIAM H. BROWNSTEIN & ASSOCIATES, P.C.
     11755 Wilshire Boulevard, Suite 1250
     Los Angeles, CA 90025-1540
     Tel: (310) 458-0048
     Fax: (310) 362-3212
     Email: Brownsteinlaw.bill@gmail.com

                     About Grayn Company

Grayn Company, a California corporation, based in Vernon, CA, filed
a Chapter 11 petition (Bankr. C.D. Cal. Case No. 16-19478 on July
18, 2016. The Hon. Sheri Bluebond presides over the case. William H
Brownstein, Esq., at William H. Brownstein & Associates, P.C., as
bankruptcy counsel.

In its petition, the Debtor estimated $500,000 to $1 million in
assets and $1 million to $10 million in liabilities.  The petition
was signed by Vicente A. Cortez, president.


GRIZZLY LAND: Trustee Taps Burns Figa as Special Counsel
--------------------------------------------------------
The Chapter 11 trustee of Grizzly Land, LLC seeks approval from the
U.S. Bankruptcy Court for the District of Colorado to hire Burns,
Figa & Willas his special counsel.

The firm will provide legal advice to the trustee regarding water
law issues arising under Colorado law.  Burns Figa's professionals
and their hourly rates are:

     Stephen Leonhardt     $390
     Bernard Gehris        $240
     Associates            $150

Stephen Leonhardt, Esq., at Burns Figa, disclosed in a court filing
that the firm is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Stephen Leonhardt, Esq.
     Burns, Figa & Willas
     6400 South Fiddlers
     Green Circle, Suite 1000
     Greenwood Village, CO 80111

                      About Grizzly Land

Grizzly Land LLC sought Chapter 11 protection (Bankr. D. Col. Case
No. 16-11757) in Denver on March 1, 2016.  Judge Thomas B. McNamara
is assigned to the case.  The petition was signed by Kirk A.
Shiner, DVM, manager.  The Debtor estimated $10 million to $50
million in assets and debt.  Lee M. Kutner, Esq., at Kutner Brinen
Garber, P.C., serves as counsel to the Debtor.


GUIDED THERAPEUTICS: Change in Personnel Causes Form 10-Q Delay
---------------------------------------------------------------
Guided Therapeutics, Inc., disclosed in a regulatory filing with
the Securities and Exchange Commission that its quarterly report on
Form 10-Q for the period ended June 30, 2016, could not be filed
within the prescribed time period.

During the second quarter of 2016, the Company experienced material
turnover in its internal accounting personnel.  The disruption
caused by the change in personnel resulted in delays in the
preparation and presentation of financial information.  These
delays contributed to the Company's inability to process and review
the financial information required to file the quarterly report on
Form 10-Q by the date required without incurring undue hardship and
expense.

The Company expects to file its Form 10-Q within the permitted
extension period.

                    About Guided Therapeutics
  
Guided Therapeutics, Inc. (OTC BB and OTC QB: GTHP)
-- http://www.guidedinc.com/-- is developing a rapid and painless
test for the early detection of disease that leads to cervical
cancer.  The technology is designed to provide an objective result
at the point of care, thereby improving the management of cervical
disease.  Unlike Pap and HPV tests, the device does not require a
painful tissue sample and results are known immediately.  GT has
also entered into a partnership with Konica Minolta Opto to
develop a non-invasive test for Barrett's Esophagus using the
LightTouch technology platform.

Guided Therapeutics reported a net loss attributable to common
stockholders of $9.50 million on $42,000 of contract and grant
revenue for the year ended Dec. 31, 2015, compared to a net loss
attributable to common stockholders of $10.03 million on $65,000
of contract and grant revenue for the year ended Dec. 31, 2014.

As of March 31, 2016, Guided Therapeutics had $2.36 million in
total assets, $7.81 million in total liabilities and a total
stockholders' deficit of $5.45 million.


GUIDO DIMITRI: Plan to Pay Unsecured Claims in Full in 7 Years
--------------------------------------------------------------
Guido and Pauli Dimitri filed with the US. Bankruptcy Court for the
Southern District of California their plan of reorganization and
disclosure statement on Aug. 8, 2016.

The Debtors anticipate that holders of Allowed General Unsecured
Claims, estimated to be $19,922, will receive a distribution of
100% of the amount of their claim by the expiration of the Plan.
Secured claims will retain their security interests or otherwise
will be paid in full, subject to refinancing of loans or under
modified terms as agreed to by the Debtors and the secured claim
holder.  Administrative claims will be paid in full.

The Debtors propose to pay their creditors periodically as funds
become available from the orderly liquidation of available cash
sources over a period not to exceed 84 months from the Plan
effective date.

The Plan provides for the continuation of the Debtors' business
interests.

A copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/casb14-02953-0288.pdf

Guido and Pauli Dimitri filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Cal. Case No. 14-02953) on April 16, 2014.  The
Dimitris are an elderly couple living in Fallbrook, California.
They operated a number of avocado groves and maintained active
investments in the stock market.  They also purchased real
properties intended for both rental income and long-term investment
or appreciation.

The Hon. Margaret M. Mann presides over the case.  The Dimitris are
represented by:

         John L. Smaha, Esq.
         Gustavo E. Bravo, Esq.
         SMAHA LAW GROUP APC
         2398 San Diego Avenue
         San Diego, CA 92110
         Tel: 619-688-1557
         Fax: 619-688-1558
         E-mail: jsmaha@smaha.com


GULF CHEMICAL: SiderAlloys Has $3M Offer; Auction on Sept. 7
------------------------------------------------------------
Gulf Chemical & Metallurgical Corp. and Bear Metallurgical Co. ask
the U.S. Bankruptcy Court for the Western District of Pennsylvania
to authorize the sale of substantially all assets to highest and
best offer at an auction to be opened by a $3 million offer from
SiderAlloys North America, LLC.

A hearing on the Motion is set for Sept. 13, 2016 at 11:00 a.m.
Objection deadline is on Sept. 2, 2016 at 11:00 a.m.

Over the past few years the Debtors have faced a number of
challenges that led to substantial penalties and extremely
expensive capital investment, further increasing losses.

In late 2015 and early 2016, Rothschild Global Financial Advisory
was retained to explore transactions for the sale of Gulf's and
Bear's businesses.  During that timeframe, Rothschild and the
Debtors engaged in a thorough and extensive prepetition marketing
process. Informed by that process, the Debtors concluded that it
was in the best interests of the Debtors and their estates and
creditors to sell their assets through a chapter 11 process.

On the Petition Date, the Debtors filed the Motion which sought
approval of certain sale and bid procedures for the sale of
substantially all assets ("Original Bid Procedures").  On July 12,
2016, the Court entered an order granting the Bid Procedures
Motion, pursuant to which the Court, among other things, approved
the Original Bid Procedures.

After the entry of the Original Procedures Order, the Debtors and
their advisors continued to work diligently to identify potential
purchasers for the Debtors' Assets.  

On Aug. 3, 2016, Bear and SiderAlloys, a Delaware limited liability
company, entered into an asset purchase agreement ("Stalking Horse
APA"), pursuant to which Bear agreed to sell the Bear assets to the
Stalking Horse Bidder in exchange for $3,000,000 ("Stalking Horse
Bid"), subject to higher or better bids.

In general, the Stalking Horse Bidder has agreed to purchase
substantially all of the Bear assets other than Bear's cash and
cash equivalents or Bear's pre-closing accounts receivable, which
Bear assets will be left behind for the Bear estate.

On Aug. 4, 2016, the Debtors filed their expedited Revised
Procedures Motion which sought, among other things, approval of the
Stalking Horse Bidder as the stalking horse bidder for the Bear
assets and approval of revised bid procedures ("Bid Procedures").
The Revised Bid Procedures revised the Original Bid Procedures to:
(a) incorporate the concept of a stalking horse bidder; (b) require
any qualified bids to exceed the Stalking Horse Bid by $150,000;
and (c) to require subsequent $75,000 bid increments. On Aug. 9,
2016, the Court entered an order granting the Revised Bid
Procedures Motion ("Procedures Orders").

The Bid Procedures contemplate the Debtors selling the Gulf assets
and Bear assets to separate purchasers, or selling all of the
Debtors' assets to a single purchaser, depending upon which method
of sale will maximize value for all of the Debtors' stakeholders.

In accordance with the Procedures Orders, the Debtors intend to
hold an auction on Sept. 7, 2016 at which they will accept bids for
(a) the Bear assets, (b) substantially all of Gulf's assets, and
(c) combined bids for all of the Debtors' assets.

Although Gulf has received some indications of interest, as of the
filing of this Motion, there have been no binding offers for the
Gulf Assets. However, Gulf will continue to market the Gulf Assets
in accordance with the Bid Procedures.

In order to enhance the value to the Debtors' estates, the Debtors
request approval of the assumption and assignment of the executory
contracts and unexpired leases to the successful bidder(s) upon the
closing of the transaction contemplated under the APA and payment
of the cure costs.

The Buyer can be reached at:

          SIDERALLOYS NORTH AMERICA, LLC
          600 Third Avenue, 2nd Floor
          New York, NY 10016
          Attn: Paolo Rizzo
          E-mail: p.rizzo@sideralloys.com
          
                   - and -

          Gerardo Annunziata
          Chief Financial Officer
          SiderAlloys International SA
          Via Cantonale 1
          6900 Lugano
          Switzerland
          E-mail: annunziata@sideralloys.com

The Buyer's attorneys:

          Gregory D. Cribbs
          BABST, CALLAND, CLEMENTS AND ZOMNIR, P.C.
          Two Gateway Center, 6th Floor
          603 Stanwix Street
          Pittsburgh, PA 15222
          E-mail: gcribbs@babstcalland.com

Counsel for the Debtors:

          Sean D. Malloy, Esq.
          Michael J. Kaczka, Esq.
          Joshua A. Gadharf, Esq.
          Maria G. Carr, Esq.
          MCDONALD HOPKINS LLC
          600 Superior Avenue, East, Suite 2100
          Cleveland, OH 44114
          Telephone: (216) 348-5400
          Facsimile: (216) 348-5474
          E-mail: smalloy@mcdonaldhopkins.com
                  mkaczka@mcdonaldhopkins.com
                  jgadharf@mcdonaldhopkins.com
                  mcarr@mcdonaldhopkins.com

                    - and -

           William E. Kelleher, Jr., Esq.
           Thomas D. Maxson, Esq.
           Helen S. Ward, Esq.
           COHEN & GRIGSBY, P.C.
           625 Liberty Avenue, 5th Floor
           Pittsburgh, PA 15222
           Telephone: (412) 297-4900
           Facsimile: (412) 209-0672
           E-mail: wkelleher@cohenlaw.com
                   tmaxson@cohenlaw.com
                   hward@cohenlaw.com

The Debtor's financial advisors:

           ROTHSCHILD, INC.
           23bis avenue de Messine
           Paris, France 75008
           Attn: Guillaume Vigneras
                 Pierre Boscher
                 Vitaliy Lysenko
           E-mail: Guillaume.vigneras@rothschild.com
                   Pierre.Boscher@Rothschild.com
                   Vitaliy.Lysenko@Rothschild.com

Counsel to the Official Committee of Unsecured Creditors:

           LOWENSTEIN SANDLER LLP
           65 Livingston Avenue
           Roseland, NJ 07068
           Attn: S. Jason Teele, Esq.
           Tel: (973) 597-2346
           E-mail: steele@lowenstein.com

            About Bear Metallurgical and Gulf Chemical

Bear Metallurgical Co. and Gulf Chemical & Metallurgical Corp.
filed chapter 11 petitions (Bankr. W. D. Pa. Lead Case No.
16-22192) on June 14, 2016.

The petitions were signed by Eric Caridroit, chief executive
officer. The cases are assigned to Judge Jeffery A. Deller.

At the time of the filing, Bear Metallurgical estimated assets and
debts to be between $1 million and $10 million.  Gulf Chemical
estimated assets and debts to be between $100 million and $500
million.

The Office of the United States Trustee appointed an official
committee of unsecured creditors on June 30, 2016.  The Committee
retained Fox Rothschild LLP and Lowenstein Sandler LLP as counsel;
and Province, Inc. as financial advisor.

Counsel for Comilog Holdings, Gulf's parent company and Bear's
indirect parent company:

         John M. Steiner, Esq.
         Patrick W. Carothers, Esq.
         LEECH TISHMAN FUSCALDO & LAMPL, LLC
         525 William Penn Place, 28th Floor
         Pittsburgh, PA 15219
         E-mail: jsteiner@leechtishman.com
                 pcarothers@leechtishman.com


HALCON RESOURCES: Receives Noncompliance Notice from NYSE
---------------------------------------------------------
Halcon Resources Corporation was notified by the New York Stock
Exchange on Aug. 12, 2016, that its average market capitalization
and stockholders' equity was less than $50 million over a 30
trading-day period, which are the minimum values required for
continued listing by the NYSE under Section 802.01B of the NYSE
Listed Company Manual.  The Company has 45 days from receipt of the
notice to submit a plan to regain compliance.  The Company expects
to notify the NYSE within such time period that it intends to cure
the deficiency and satisfy the minimum values required for
continued listing upon consummation of its current restructuring
plan.  If the NYSE approves the Company's plan, the Company's
shares will continue to be listed and traded on the NYSE during the
18 month cure period, subject to its compliance with other NYSE
continued listing standards.

The notice has no immediate impact on the listing of the Company's
common stock, which will continue to be listed and traded on the
NYSE during this period, subject to the Company's compliance with
other listing standards, under the symbol "HK."

                     About Halcon Resources

Halcon Resources Corporation is an independent energy company
engaged in the acquisition, production, exploration and development
of onshore oil and natural gas properties in the United States.

Halcon Resources and 21 of its subsidiaries each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case Nos. 16-11724 through 16-11745) on July 27, 2016.  The
petitions were signed by Stephen W. Herod as president.  The
Debtors listed assets of $2.84 billion and debts of $3.14 billion
as of March 31, 2016.

The Debtors have hired Young Conaway Stargatt & Taylor, LLP and
Weil, Gotshal & Manges LLP as co-counsel; PJT Partners LP as
investment banker; Alvarez & Marsal North America, LLC as
restructuring advisor; and Epiq Bankruptcy Solutions, LLC as
claims, noticing and solicitation agent.


HAMILTON TRUCKING: Plan Confirmation Hearing Set for Sept. 15
-------------------------------------------------------------
Bankruptcy Judge Jerry A. Funk granted conditional approval to the
disclosure statement accompanying the small business Chapter 11
Plan of Hamilton Trucking LLC.

Creditors and other parties in interest shall file with the court
their written ballots accepting or rejecting the Plan no later than
14 days before the date of the Confirmation Hearing.

Sept. 15, 2016, is fixed for the hearing on final approval of the
disclosure statement and for the hearing on confirmation of the
plan. The hearing will be held at 1:30 p.m., in 4th Floor Courtroom
4D, 300 North Hogan Street, Jacksonville, Florida.

                       About Hamilton Trucking

Hamilton Trucking, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. M.D. Fla. Case No. 16-01899) on May 20, 2016, and is
represented by Taylor J. King, Esq., at the Law Offices of Mickler
& Mickler.


HAPPYWORKS DAY CARE: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Happyworks Day Care, Inc.

Happyworks Day Care, Inc. is a non-profit, low cost, quality
childcare services provider for low income families living in the
inner city of Cleveland since 1986.

The business ran smoothly and profitably from 1986 until 2014 under
the general management of Judith M. Ballinger, its sole owner and
former general manager.  In early 2014, Ms. Ballinger suffered a
stroke and heart attack and was confined to a hospital bed for most
of the calendar year.  In her absence, Happyworks was run by Ms.
Ballinger granddaughter, who lacked the necessary skills to operate
the business properly.

On July 9, 2014, Zions First National Bank, the debtor primary
lender, filed a collection and foreclosure proceeding [Cuyahoga
County Court of Common Pleas Case No. CV-14-829494].  A judgment
was taken in that proceeding on August 12, 2015 and a sheriff's
sale of one of the two buildings out of which the debtor conducts
its business was scheduled for July 11, 2016.

To stay the sheriff's sale, Happyworks Day Care filed a Chapter 11
petition (Bankr. N.D. Ohio Case No. 16-13769) on July 9, 2016.
Judge Jessica Price Smith presides.

Richard H. Nemeth, Esq., at Nemeth & Associates, LLC, serves as
counsel to the Debtor.


HCSB FINANCIAL: Deregisters 9.21 Million Common Shares
------------------------------------------------------
HCSB Financial Corporation filed a post-effective Amendment No. 1
to its Registration Statement File No. 333-210804 to disclose the
number of shares of its common stock, par value $0.01 per share,
being deregistered and to deregister said shares of Common Stock.

HCSB Financial, the holding company for Horry County State Bank,
filed the Registration Statement registering up to 23,384,301
shares of Common Stock in connection with a follow-on offering to
legacy shareholders, employees, and others in the Bank's community.
The Securities and Exchange Commission declared the Registration
Statement effective on May 31, 2016.

The Company terminated the follow-on offering of the Common Stock
on June 30, 2016.  In connection with the follow-on offering, the
Company issued 14,167,600 shares of Common Stock.  Pursuant to the
undertaking in the Registration Statement to remove from
registration by means of a post-effective amendment any of the
securities registered that remain unsold at the termination of the
follow-on offering, the Company filed the Post-Effective Amendment
No. 1 to the Registration Statement to deregister 9,216,701 shares
of Common Stock, which are all of the shares remaining unsold under
the Registration Statement.

                    About HCSB Financial

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

HCSB Financial reported a net loss available to common shareholders
of $1.75 million on $13.7 million of total interest income for the
year ended Dec. 31, 2015, compared to a net loss available to
common shareholders of $1.40 million on $16.09 million of total
interest income for the year ended Dec. 31, 2014.

As of June 30, 2016, the Company had $382 million in total assets,
$345 million in total liabilities, and $37.3 million in total
shareholders' equity.

Elliott Davis Decosimo, LLC, in Columbia, South Carolina, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered recurring losses that have eroded regulatory
capital ratios and the Company's wholly owned subsidiary, Horry
County State Bank, is under a regulatory Consent Order with the
Federal Deposit Insurance Corporation (FDIC) that requires, among
other provisions, capital ratios to be maintained at certain
levels.  As of December 31, 2015, the Company's subsidiary is
considered significantly undercapitalized based on its regulatory
capital levels.  These considerations raise substantial doubt about
the Company's ability to continue as a going concern.  The Company
also has deferred interest payments on its junior subordinated
debentures for 20 consecutive quarters as of December 31, 2015.
Under the terms of the debentures, the Company may defer payments
for up to 20 consecutive quarters without creating a default.
Payment for the 20th quarterly interest deferral period was due in
March 2016.  The Company failed to pay the deferred and compounded
interest at the end of the deferral period, and the trustees of the
corresponding trusts, have the right, after any applicable grace
period, to exercise various remedies, including demanding immediate
payment in full of the entire outstanding principal amount of the
debentures.  The balance of the debentures and accrued interest as
of December 31, 2015 were $6,186,000 and $901,000, respectively.
These events also raise substantial doubt about the Company's
ability to continue as a going concern as of Dec. 31, 2015.


HERCULES OFFSHORE: Hogan, Kasowitz Represent Equity Committee
-------------------------------------------------------------
The Official Committee of Equity Holders of Hercules Offshore, Inc.
and its debtor affiliates submits with the U.S. Bankruptcy Court
for the District of Delaware a verified statement pursuant to Rule
2019 of the Federal Rules of Bankruptcy Procedure.

On June 20, 2016, the U.S. Trustee for the District of Delaware,
pursuant to Section 1102(a)(1) of the Bankruptcy Code, appointed
three members to the Equity Committee and the nature and amount of
all disclosable economic interests, as defined in Bankruptcy Rule
2019(a)(1), held by each member in relation to the Debtors as of
the Equity Committee formation date:

     a. Centerbridge Credit Partners Master Fund, LP
        375 Park Avenue, 11th Floor
        New York, NY 10152

        -- 1,710,352 shares of common stock of Hercules
           Offshore, Inc.

     b. Archer Capital Management, LP
        570 Lexington Avenue, 40th Floor
        New York, NY 10022

        -- 1,710,352 shares of common stock of Hercules
           Offshore, Inc.

     c. Lawrence Callahan
        600 Ashmont Drive
        Olivette, MO 63132

        -- 26,000 shares of common stock of Hercules
           Offshore, Inc.

The Equity Committee is represented by:

     Garvan F. McDaniel, Esq.
     HOGAN McDANIEL
     1311 Delaware Avenue
     Wilmington, DE 19806
     Tel: (302) 656-7540
     E-mail: gfmcdaniel@dkhogan.com

          -- and --

     David S. Rosner, Esq.
     Andrew K. Glenn, Esq.
     Howard W. Schub, Esq.
     Matthew B. Stein, Esq.
     KASOWITZ, BENSON, TORRES FRIEDMAN LLP
     1633 Broadway
     New York, NY 10019
     Tel: (212) 506-1700
     E-mail: DRosner@kasowitz.com
             AGlenn@kasowitz.com
             HSchub@kasowitz.com
             MStein@kasowitz.oom

                      About Hercules Offshore

Hercules Offshore, Inc., and its debtor and non-debtor subsidiaries
are providers of shallow-water drilling and marine services to the
oil and natural gas exploration and production industry globally.

Hercules Offshore and 13 of its subsidiaries each filed a Chapter
11 bankruptcy petition (Bankr. D. Del. Proposed Lead Case No.
16-11385) on June 5, 2016.  The petition was signed by Troy L.
Carson as vice president.  The Debtors reported total assets of
$1.06 billion and total debts of $521.37 million as of March 31,
2016.  The Debtors have hired Akin Gump Srauss Hauer & Feld LLP as
general bankruptcy counsel and Morris, Nichols, Arsht & Tunnell LLP
as co-counsel.  


HERNAN VELEZ JUAN: Disclosure Statement Hearing Set for Sept. 27
----------------------------------------------------------------
U.S. Bankruptcy Judge Mildred Caban Flores set a hearing to approve
the disclosure statement explaining Hernan Velez Juan's Chapter 11
plan is scheduled for Sept. 27, 2016 at 9:00 a.m.

At the hearing, the Court will consider and rule upon the adequacy
of the disclosure statement and the information contained therein,
as well as objections to the disclosure statement, and such other
matters as may properly come before the court.

Objections to the form and content of the disclosure statement
should be in writing and filed with the court and served upon
parties in interest at their address of record not less than 14
days prior to the hearing.  Objections not timely filed and served
will be deemed waived.

Hernan Velez Juan filed a Chapter 11 bankruptcy petition (Bankr.
D.P.R. Case No. 15-07225) on Sept. 18, 2015.


HMF GOLF: Seeks 150-Day Extension to Time to File Plan
------------------------------------------------------
HMF Golf, Inc., asks the U.S. Bankruptcy Court for the Western
District of Pennsylvania to extend the exclusive period within
which it may file a plan of reorganization for an additional 150
days.

The Debtor owns real estate located at 314 Chestnut Street, in
Reno, Pennsylvania, known as Wanango Golf Club, which includes an
eighteen-hole golf course, club house and ancillary buildings which
is operated by related Debtor WGC, Inc.

The Debtor relates that it is in negotiations with an interested
party who has expressed a serious interest in purchasing the golf
course as a going concern.  The Debtor asserts that successful
completion of the negotiations should result in substantial value
being paid to creditors.   The Debtor tells the Court that the
negotiations are both complex and time consuming and that the
Debtor requires additional time to finalize the negotiations. The
Debtor contends that the results of those negotiations will control
the formulation of Debtor’s plan in the case.

HMF Golf Inc. is represented by:

          Brian C. Thompson, Esq.
          THOMPSON LAW GROUP, P.C.
          125 Warrendale Bayne Rd. Suite 200
          Warrendale, PA 15086
          Telephone: (724) 799-8404
          Email: bthompson@thompsonattorney.com

                   About HMF Golf Inc.

HMF Golf, Inc. filed a chapter 11 petition (Bankr. W.D. Pa. Case
No. 16-10346) on April 13, 2016.  The petition was signed by Todd
McLaughlin, president.  The Debtor is represented by Brian C.
Thompson, Esq., at Thompson Law Group, P.C.  The Debtor estimated
assets and liabilities at $500,001 to $1 million at the time of the
filing.


HOWSE IMPLEMENT: Hires Reich Brothers as Asset Consultant
---------------------------------------------------------
Howse Implement Company, Inc., seeks authority from the U.S.
Bankruptcy Court for the Southern District of Mississippi to employ
Reich Brothers, LLC as consultant, broker, and investment banker to
the Debtor.

Howse Implement requires Reich Brothers to assist the Debtor with a
thorough and focused marketing campaign designed to offer and sell
the Debtor's assets both on a bulk and piece meal basis via a
phased sale program:

      -- Phase 1 will immediately monetize surplus and obsolete
         assets, including implement and related parts inventory.

      -- Phase 2 will include the going concern or bulk sale of
         the remaining enterprise assets. The sale program will
         target end-users, other related implement manufacturing
         and supply companies, alternative industrial entities
         and/or equipment dealers to purchase and re-utilize the
         subject assets.

      -- Phase 3 will include an on-site and simultaneous WebCast
         Auction Sale of the remaining assets broken down in
         different lots and categories to reel in a potential
         going concern or bulk buyer. At auction, if still
         available, the real property will be sold with a reserve
         price.

The Sales Agent will not charge the Company any seller's
commission. The Sales Agent sole compensation will be the payment
of the Buyer's Premium payable by the buyers of the assets
according to this schedule:

         Real Property - 6% (includes the payment to any
         cooperating broker);

         Machinery & Equipment - 15%

         Inventory - 15%

         Accounts Receivable - 10% (if the A/R does not sell,
         the Sales Agent is amenable to collecting out the
         receivables on a commission basis.)

         Intellectual Property - 7.5%

To the best of the Debtor's knowledge, the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

Reich Brothers can be reached at:

     Adam M. Reich
     Reich Brothers LLC
     10618 Pico Blvd
     Los Angeles, CA 90064
     Tel: (310) 248-2979
     Fax: (213) 383-5985

                     About Howse Implement

Howse Implement Company, Inc., based in Laurel, MS, filed a Chapter
11 petition (Bankr. S.D. Miss. Case No. 14-51331) on August 25,
2014. The Hon. Katharine M. Samson presides over the case. Craig M.
Geno, Esq., at Law Offices of Craig M. Geno, PLLC, as bankruptcy
counsel.

In its petition, the Debtor estimated $1 million to $10 million in
assets and $1 million to $10 million in liabilities.  The petition
was signed by Benjamin T. Howse, president/director.


HUTCHESON MEDICAL: Trustee Taps Poole Huffman as Special Counsel
----------------------------------------------------------------
The Chapter 11 trustee of Hutcheson Medical Center, Inc. seeks
approval from the U.S. Bankruptcy Court for the Northern District
of Georgia to hire Poole Huffman, LLC as his special counsel.

Ronald Glass, the bankruptcy trustee, tapped the firm to assist him
in settling self-insured employee medical claims.

The trustee estimates that there are more than $2.8 million in
unpaid medical claims against the Debtor's estate that accrued
during the period November 20, 2014 to May 31, 2016.

Poole Huffman will receive a flat fee of $50,000 to be paid in two
installments.  The trustee proposes to pay an initial $25,000 upon
approval of the firm's employment, and $25,000 upon completion of
its services.

Daniel Greene, Esq., at Poole Huffman, disclosed in a court filing
that the firm is "disinterested" as defined in section 101(14) of
the Bankruptcy Code.

Poole Huffman can be reached through:

     Daniel Greene, Esq.
     Poole Huffman, LLC
     315 W. Ponce de Leon Ave., Suite 344
     Decatur, GA 30030
     Tel: (404) 373-4008
     Fax: (888) 709-5723

                  About Hutcheson Medical Center

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

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

The cases have been assigned to the Honorable Paul W. Bonapfel.
The Debtors are represented by Ashley Reynolds Ray, Esq., and J.
Robert Williamson, Esq., at Scroggins and Williamson, in Atlanta,
Georgia.

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


ICAGEN INC: Posts $1.18M Net Loss in Second Quarter
---------------------------------------------------
Icagen, Inc., filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss of $1.18
million on $1.15 million of sales for the three months ended June
30, 2016, compared to a net loss of $1.32 million on $95,158 of
sales for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $2.29 million on $2.05 million of sales compared to a net
loss of $2.75 million on $125,800 of sales for the six months ended
June 30, 2015.

As of June 30, 2016, Icagen had $11.7 million in total assets,
$12.05 million in total liabilities, and a $334,057 total
stockholders' deficit.

"We have a history of annual losses from operations since inception
and we have primarily funded our operations through sales of our
unregistered equity securities and cash flows generated from
government contracts and grants and more recently from commercial
customers and the settlement of a lawsuit.  We are generating funds
from commercial customers and government grants, however, we
continue to experience losses and will need to raise additional
funds to meet our working capital requirements, despite this we are
dependent upon the outcome of settlement discussions we are having
in our lawsuits.  We believe that our existing cash and cash
equivalents will not be sufficient to meet our anticipated cash
needs for the next twelve months.  We will need to generate
additional revenue from operations and/or obtain additional
financing to pursue our business strategy, to respond to new
competitive pressures or to take advantage of opportunities that
may arise.  These factors raise substantial doubt about our ability
to continue as a going concern.

RBSM LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2015, citing that the Company has incurred recurring operating
losses, which has resulted in an accumulated deficit of
approximately $22.143 million at Dec. 31, 2015.  These conditions
among others raise substantial doubt about the Company's ability to
continue as a going concern.

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

                        About Icagen

Icagen, Inc., formerly known as XRpro Sciences, Inc., is a
biopharmaceutical company, focuses on the discovery, development,
and commercialization of orally-administered small molecule drugs
that modulate ion channel targets.  Its drug candidates include
ICA-105665, a small molecule compound that targets specific KCNQ
ion channels for the treatment of epilepsy and pain, which is in
Phase II clinical trial stage; and a compound that targets the
sodium channel Nav1.7 for the treatment of pain, which is in Phase
I clinical trial stage.

Icagen reported a net loss applicable to common stock of $8.72
million on $1.58 million of sales for the year ended Dec. 31, 2015,
compared to a net loss applicable to common stock of $569,288 on
$541,794 of sales for the year ended Dec. 31, 2014.


INDEPENDENCE TAX II: Had $210K Q1 Loss, Raises Going Concern Doubt
------------------------------------------------------------------
Independence Tax Credit Plus L.P. II filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $220,000 on $209,000 of total revenues for the three
months ended June 30, 2016, compared to a net loss of $81,400 on
$221,000 of total revenues for the three months ended June 30,
2015.

As of June 30, 2016, the Partnership had $2.28 million in total
assets, $17.37 million in total liabilities and a total partners'
deficit of $15.08 million.

At June 30, 2016, the Partnership's liabilities exceeded assets by
$15.1 million and for the three months ended June 30, the
Partnership had net loss of $220,000.  These factors raise
substantial doubt about the Partnership's ability to continue as a
going concern.  Partnership management fees of approximately $1.86
million will be payable out of sales or refinancing proceeds only
to the extent of available funds after payments on all other
Partnership liabilities have been made and after the Limited
Partners have received a 10% return on their capital contributions.
As such, the General Partner cannot demand payment of these
deferred fees beyond the Partnership's ability to pay them.  In
addition, where the Partnership has unpaid partnership management
fees related to sold properties, such management fees are written
off and recorded as capital contributions.  

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/S4voZK

               About Independence Tax Credit Plus

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

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

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


INDEPENDENCE TAX IV: Incurs $107,000 Net Loss in First Quarter
--------------------------------------------------------------
Independence Tax Credit Plus L.P. IV filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $106,743 on $430,405 of total revenues for the three
months ended June 30, 2016, compared to net income of $4.87 million
on $420,135 of total revenues for the three months ended June 30,
2015.

As of June 30, 2016, the Partnership had $1.68 million in total
assets, $5.84 million in total liabilities and a total partners'
deficit of $4.16 million.

The Partnership has unconsolidated cash reserves of approximately
$448,000 at June 30, 2016.  That amount is considered sufficient to
cover the Partnership's day to day operating expenses, excluding
fees to the General Partner, for at least the next year.  The
Partnership's operating expenses, excluding the Local Partnerships'
expenses and related party expenses amounted to approximately
$93,000 for the three months ended June 30, 2016.

Management believes the mitigating factors enable the Partnership
to continue as a going concern.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/zRg9d4

                     About Independence Tax IV

Independence Tax Credit Plus L.P. IV is a limited partnership which
was formed under the laws of the State of Delaware on
Feb. 22, 1995.  The general partner of the Partnership is Related
Independence L.L.C., a Delaware limited liability company.
Centerline Holding Company was the ultimate parent of Centerline
Affordable Housing Advisors LLC, the sole member of the Manager of
the General Partner.  On June 12, 2013, Centerline and an affiliate
of Hunt Companies, Inc. entered into an agreement and plan of
merger.  On Nov. 14, 2013, the shareholders of Centerline approved
the acquisition of Centerline by an affiliate of Hunt. On April 15,
2015, Alden Torch Financial LLC, a newly formed limited liability
company, became the indirect owner of 100% of the equity interests
in Centerline.  Since April 15, 2015, ATF has been the ultimate
parent and indirect owner of 100% of the equity interest in CAHA.
Prior to April 15, 2015, Hunt had been the ultimate majority equity
owner of CAHA.

Independence Tax reported net income attributable to the
Partnership of $6.68 million on $1.70 million of total revenues for
the year ended March 31, 2016, compared to net income attributable
to the Partnership of $10.8 million on $1.68 million of total
revenues for the year ended March 31, 2015.

At March 31, 2016, the Partnership's liabilities exceeded assets by
approximately $4.05 million and for the year ended March 31, 2016,
the Partnership recognized net income of approximately $10.2
million, including gain on sale of properties of approximately
$10.6 million.  The Partnership said these factors raise
substantial doubt about its ability to continue as a going
concern.


INTERLEUKIN GENETICS: Incurs $2.08 Million Net Loss in 2nd Quarter
------------------------------------------------------------------
Interleukin Genetics, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $2.08 million on $590,000 of total revenue for the three months
ended June 30, 2016, compared to a net loss of $2.16 million on
$376,000 of total revenue for the three months ended June 30,
2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $3.60 million on $1.55 million of total revenue compared to
a net loss of $4 million on $779,000 of total revenue for the same
period last year.

As of June 30, 2016, Interleukin had $2.65 million in total assets,
$8.27 million in total liabilities and a total stockholders'
deficit of $5.62 million.

As of June 30, 2016, the Company had cash and cash equivalents of
$1.3 million.

The Company has experienced net operating losses since its
inception through June 30, 2016.  The Company had net losses of
$7.9 million and $6.3 million for the years ended Dec. 31, 2015,
and 2014, respectively, and $3.6 million for the six months ended
June 30, 2016, contributing to an accumulated deficit of $132.6
million as of June 30, 2016.

The Company continues to take steps to reduce genetic test
processing costs.  Cost savings are primarily achieved through test
process improvements.  Management believes that the current
laboratory space is adequate to process high volumes of genetic
tests.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/4jBGy5

                         About Interleukin

Waltham, Mass.-based Interleukin Genetics, Inc., is a personalized
health company that develops unique genetic tests to provide
information to better manage health and specific health risks.

Interleukin reported a net loss of $7.89 million on $1.44 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $6.33 million on $1.81 million of total revenue for the
year ended Dec. 31, 2014.

Grant Thornton LLP, in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has incurred
recurring losses from operations and has an accumulated deficit
that raise substantial doubt about the Company's ability to
continue as a going concern.


JCHS CORP: Latest Plan Increases Unsecureds' Recovery to 30%
------------------------------------------------------------
Unsecured creditors of JCHS Corporation will get 30% of their
claims, according to the company's latest Chapter 11 plan of
reorganization filed with the U.S. Bankruptcy Court for the Western
District of Tennessee.

The plan filed on August 9 proposes to pay Class 3 creditors 30% of
their unsecured non-priority claims in cash within 25 years of the
effective date of the plan, or in full as the company has funds.

JCHS' initial plan filed on June 3 proposed to pay Class 3
creditors only 10% of their claims.

A copy of the latest disclosure statement is available for free at
https://is.gd/Pmf4Lt

                         About JCHS Corp.

JCHS Corporation operates in Shelby County, Tennessee, as Greenline
Landscape.  It performs landscape, lawn services, holiday
decorating and storage.  JCHS filed a Chapter 11 petition (Bankr.
W.D. Tenn. Case No. 14-31752) on November 18, 2014.


KALOBIOS PHARMACEUTICALS: Kapil Dhar Reports 6.37% Stake
--------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Kapil Dhar, Sable Fiduciary Limited and Cortleigh
Limited disclosed that as of June 30, 2016, they beneficially owned
949,752 shares of common stock of KaloBios Pharmaceuticals, Inc.,
representing 6.37 percent of the shares outstanding.  A full-text
copy of the regulatory filing is available at:

                       https://is.gd/xxyJtT

                    About KaloBios Pharmaceuticals

Based in South San Francisco, Calif., KaloBios Pharmaceuticals,
Inc., is a biopharmaceutical company focused on the development of
monoclonal antibody therapeutics.

KaloBios Pharmaceuticals (Nasdaq: KBIO) on Dec. 29, 2015, filed a
voluntary petition for bankruptcy protection under Chapter 11 of
Title 11 of the United States Bankruptcy Code.  The filing was
made in the U.S. Bankruptcy Court for the District of Delaware
(Case No. 15-12628).

The Company was represented by Eric D. Schwartz of Morris,
Nichols, Arsht & Tunnell.

Six months after its bankruptcy filing, KaloBios emerged from
Chapter 11 bankruptcy and has also acquired the rights from Savant
Neglected Diseases LLC to develop benznidazole for the treatment
of Chagas disease.


KALOBIOS PHARMACEUTICALS: Reorganization Delays Form 10-Q Filing
----------------------------------------------------------------
KaloBios Pharmaceuticals, Inc., filed a Notification of Late Filing
on Form 12b-25 with respect to its quarterly report on Form 10-Q
for the period ended June 30, 2016.  The Company was unable to file
its Quarterly Report within the prescribed time period or within
the five day extension period permitted by the applicable rules of
the Securities and Exchange Commission without unreasonable effort
and expense.

As previously disclosed, on Dec. 29, 2015, the Company filed a
voluntary petition for bankruptcy protection under Chapter 11 of
Bankruptcy Code.  The filing was made in the United States
Bankruptcy Court for the District of Delaware (Case No. 15-12628).
In addition, as previously disclosed, on June 16, 2016, the
Bankruptcy Court entered an order confirming the Company's Second
Amended Plan of Reorganization, dated May 9, 2016.  During most of
the period ended June 30, 2016, the Company operated its business
as debtor in possession pursuant to sections 1107(a) and 1108 of
the Bankruptcy Code.  On June 30, 2016, the Plan became effective
and the Company emerged from its Chapter 11 bankruptcy
proceedings.

In connection with the Company's bankruptcy proceedings, the
Company embarked on a reorganization program and, as previously
disclosed, entered into a Debtor in Possession Credit and Security
Agreement and a Securities Purchase Agreement in respect of
bankruptcy exit financing and consummated the bankruptcy exit
filing.  The Company has also dedicated its limited resources to,
among other things, negotiating with those parties with interests
in the bankruptcy proceedings, satisfying its obligations with the
Bankruptcy Court and those parties with interests in the bankruptcy
proceedings and, as authorized by the Plan and the Confirmation
Order, entering into an Agreement for the Manufacture, Development
and Commercialization of Benznidazole for Human Use.  The Company's
reorganization program and efforts to enter into the MDC Agreement
placed enormous strain on its limited human and financial
resources.  As a result, the Company has been unable to dedicate
financial and human resources to the preparation of the Quarterly
Report and has determined that it is unable to timely file its
Quarterly Report without unreasonable effort or expense.

"The Company's financial statements for the quarterly period ended

June 30, 2016 have not been completed because a substantial amount
of time and effort of the Company's financial and accounting staff
has and continues to be dedicated to the bankruptcy proceedings and
related matters.  However, the Company expects that its results of
operations for the quarterly period ended June 30, 2016 will
reflect a significant change compared with the Company's results of
operations for the corresponding period for the last fiscal year.
During 2015, the Company's results of operations were impacted by
(i) a pause in enrollment in the Phase 2 cohort expansion phase of
its ongoing clinical study of lenzilumab in certain hematologic
malignancies, (ii) a large reduction in the Company's workforce in
connection with a plan to reduce operating costs, and (iii)
disruptions in the management and operations of the Company
resulting from the arrest of the Company's former Chairman and
Chief Executive Officer.  In addition, during the first half of
2016, the Company's results of operations were impacted by the
bankruptcy proceedings and its operation as a debtor-in-possession
and the Company's entrance into and payments under the MDC
Agreement."

                  About KaloBios Pharmaceuticals

Based in South San Francisco, Calif., KaloBios Pharmaceuticals,
Inc., is a biopharmaceutical company focused on the development of
monoclonal antibody therapeutics.

KaloBios Pharmaceuticals (Nasdaq: KBIO) on Dec. 29, 2015, filed a
voluntary petition for bankruptcy protection under Chapter 11 of
Title 11 of the United States Bankruptcy Code.  The filing was
made in the U.S. Bankruptcy Court for the District of Delaware
(Case No. 15-12628).

The Company was represented by Eric D. Schwartz of Morris,
Nichols, Arsht & Tunnell.

Six months after its bankruptcy filing, KaloBios emerged from
Chapter 11 bankruptcy and has also acquired the rights from Savant
Neglected Diseases LLC to develop benznidazole for the treatment
of Chagas disease.


KANKAKEE COUNTY, IL: Moody’s Affirms B1 Debt Certificate Rating
-----------------------------------------------------------------
Moody's Investors Service has affirmed the Ba3 on Kankakee County's
(IL) $17.2 million of outstanding general obligation (GO) and lease
revenue debt; and its B1 debt certificate rating. The outlook
remains negative. The Ba3 GO rating reflects the county's
distressed financial position and liquidity challenges, limited
flexibility to raise revenue following a recent levy increase, and
volatile revenue structure. Balanced against those challenges are
the county's strengths that include a manageable debt burden,
sizable tax base, and management's demonstrated willingness to
adjust operations. The Ba3 lease revenue rating reflects a strong
legal structure including a GO unlimited tax pledge to support
lease payments. The B1 debt certificate rating reflects the weaker
pledge relative to the GO, which does not benefit from a dedicated
levy.

Rating Outlook

The negative outlook reflects the likelihood that the county's
financial position will continue to deteriorate given limited
financial flexibility and volatile revenues. While management has
enacted operational changes that are projected to result in an
operating surplus in fiscal 2016, the county's financial position
will remain distressed and there are limited options remaining to
respond to additional pressures.

Factors that Could Lead to an Upgrade

Sustained improvement to financial operations resulting in
strengthened reserves and liquidity

Factors that Could Lead to a Downgrade

   -- Inability of the county to access the market to place its
      tax anticipation warrants

   -- Increased strain on county liquidity or further growth in
      the county's deficit reserve position

   -- Significant increase in the county's debt or pension burden

Legal Security

The county's outstanding GOULT bonds are secured by its pledge and
authorization to levy a property tax unlimited as to rate or amount
to pay debt service. The county has also pledged additional revenue
to each series. The additionally pledged revenue for the Series
2001 bonds are telecommunications surcharges, for the Series 2009
bonds certain Circuit Court fees; and for the Series 2011, Series
2012, and Series 2012A fee revenue from federal per diem prisoner
incarceration. The county has covenanted that the property tax levy
will be abated only after sufficient revenues have been collected
in the Debt Service Fund from the additionally pledged revenues.
The county began extending the levy for debt service in 2016. The
Public Building Revenue Refunding Bonds, Series 2007 are secured by
annual lease rental payments pursuant to a lease agreement between
the Kankakee County Public Building Commission and Kankakee County.
The lease rental payments due under the lease agreement are a GO of
the county, payable from ad valorem taxes without limitation as to
rate or amount. The county has additionally pledged various health
department revenues to the lease. The county has covenanted that
the property tax levy will be abated only after sufficient revenues
have been collected in the Debt Service Fund from the additionally
pledged revenues. The levy continues to be abated. The county's GO
limited tax debt certificates are secured by the county's pledge to
pay debt service from any legally available revenues, the
collection of which is subject to statutory limitations.

Use of Proceeds

Not applicable.

Obligor Profile

Located approximately 60 miles south of Chicago (Ba1 negative), the
county had a population of 113,449 as of the 2010 Census.

Methodology

The principal methodology used in the general obligation and debt
certificate ratings was US Local Government General Obligation Debt
published in January 2014. The principal methodology used in the
lease revenue rating was Lease, Appropriation, Moral Obligation and
Comparable Debt of US State and Local Governments published in July
2016.



KATTOUR INC: Taps USA Lending's Zena Bardawell as Realtor
---------------------------------------------------------
Kattour Inc. seeks approval from the U.S. Bankruptcy Court for the
Southern District of Florida to hire a realtor in connection with
its Chapter 11 case.

The Debtor, which seeks liquidation of its business, proposes to
hire Zena Bardawell of USA Lending Realty, Inc.

Ms. Bardawell disclosed in a court filing that she and her firm do
not hold any interest adverse to the Debtor's estate.

The Debtor is represented by:

     Joel M. Aresty, Esq.
     Joel M. Aresty, P.A.
     309 1st Ave S
     Tierra Verde, FL 33715
     Phone: 305-899-9876
     Cell: 305-904-1903
     Fax: 305/899.9889
     Email: Aresty@Mac.com

                       About Kattour Inc.

Kattour Inc. filed for Chapter 11 bankruptcy protection (Bankr.
S.D. Fla. Case No. 16-17647) on May 27, 2016.  Joel M. Aresty,
Esq., at Joel M. Aresty, P.A., serves as the Debtor's bankrupty
counsel.


KCC INTERNATIONAL: Must File Chapter 11 Plan by Nov. 1
------------------------------------------------------
KCC International LLC is required to file a Chapter 11 Plan and
Disclosure Statement by November 1, 2016, according to a docket
entry in the case on Aug. 8, 2016.

KCC International LLC owns a real estate in which it operates the
La Quinta Hotel Tomball located at 14000 Medical Complex Drive,
Tomball, Texas.  The Debtor sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S. D. Texas Case No. 16-33375) on July
4, 2016.  The petition was signed by Willis Pumphrey, sole member.
The case is assigned to Judge Karen K. Brown.  At the time of the
filing, the Debtor estimated its assets at $1 million to $10
million and debts at $10 million to $50 million.

The Office of the U.S. Trustee has said no official committee of
unsecured creditors has been appointed in the case.

The Debtor is represented by:

         John Akard, Jr., Esq.
         John Akard Jr. P.C.
         11111 McCracken, Suite A
         Cypress, TX 77429
         Tel: 832-237-8600
         Fax: 832-202-2088
         E-mail: johnakard@attorney-cpa.com

               - and -

         Mynde Shaune Eisen, Esq.
         Attorney at Law
         P.O. 630749
         Houston, TX 77263-0749
         Tel: 713-266-2955
         Fax: 713-266-3008
         E-mail: wyndeeisen@sbcglobal.net


KENNETH ALAN SARGENT: Plan Confirmation Hearing Set for Sept. 7
---------------------------------------------------------------
U.S. Bankruptcy Court Judge Paul W. Bonapfel granted conditional
approval to the disclosure statement explaining Kenneth Alan
Sargent's Chapter 11 plan of reorganization.  The Court will hold a
hearing on final approval of the disclosure statement and
confirmation of the first amended plan on Sept. 7, 2016, at 9:25
a.m., in Courtroom 342, U.S. Courthouse, 600 East First Street,
Rome, Georgia.

Sept. 2, 2016 is fixed as the last day for filing written
acceptances or rejections of the first amended chapter 11 plan.

Sept. 2, 2016 is fixed as the last day for filing and serving
written objections to the disclosure statement and confirmation of
the plan.

Any party objecting to the final approval of the disclosure
statement or objecting to confirmation of the Debtor's plan must
attend the hearing. Written objections must be filed with the
Clerk, United States Bankruptcy Court, Room 339, U.S. Courthouse,
600 East First Street, Rome, Georgia 30161, or by using the Court's
electronic case filing system.  Any objection must also be served
upon counsel for the Debtor.

The Debtor filed a first amended chapter 11 plan and disclosure
statement for the First Amended Plan on July 29, 2016.

Kenneth Alan Sargent filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ga. Case No. 15-41550) on July 6, 2015.


KEVIN CHRISTOPHER GLEASON: Court Wants Plan, Disclosures Revised
----------------------------------------------------------------
Bankruptcy Judge John K. Olson denied approval of the Disclosure
Statement explaining Kevin C Gleason's Plan of Reorganization dated
June 6, 2016, and directed the Debtor to file an amended plan of
reorganization and disclosure statement by Aug. 22, 2016.

As reported by the Troubled Company Reporter on June 15, 2016, the
Debtor's general unsecured creditors will receive a pro rata
distribution from a fund of $25,000 resulting from the sale of
Gleason's homestead property, according to the Debtor's plan of
reorganization and explanatory disclosure statement.  A full-text
copy of the Disclosure Statement dated June 6, 2016, is available
at:

          http://bankrupt.com/misc/flsb16-10001-78.pdf

Kevin Christopher Gleason (Bankr. S.D. Fla. Case No. 16-10001)
filed a Chapter 11 Petition on Jan. 1, 2016.  The Debtor is an
attorney who was admitted to practice in 1982 in the Commonwealth
of Pennsylvania, and in 1983 in Florida and New Jersey.  The
Debtor
is no longer an active member of the bars in Pennsylvania and New
Jersey.


KEY ENERGY: Reports Second Quarter 2016 Earnings
------------------------------------------------
Key Energy Services, Inc., reported a net loss of $92.8 million on
$95.0 million of revenues for the three months ended June 30, 2016,
compared to a net loss of $65.4 million on $197 million of revenues
for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $174 million on $206 million of revenues compared to a net
loss of $125 million on $465 million of revenues for the six months
ended June 30, 2015.

Key's President and CEO, Robert Drummond, stated, "We continued to
reshape our support structure and reduce costs during the second
quarter with significant reductions in G&A.  Although oil prices
recovered from February lows during the second quarter, customer
activity continued to decline with May marking the lowest total
monthly U.S. revenue since the downturn began.  However, we saw an
uptick in U.S. revenue in June due to renewed customer interest.
This improvement in customer interest is choppy and somewhat
limited as while some of our customers are interested in pursuing
work that requires Key's services, others are looking to address
levered balance sheets with the improved cash flow generated from
higher oil prices.

"Discussions with Key's creditors continue with a goal of allowing
Key to significantly reduce its debt burden and to achieve an
improved liquidity position.  During this period, we continue to
deliver a high-level of service to our customers and remain a safe
and dynamic work environment for our employees.  In fact, thanks to
our dedicated employees, we finished the second quarter with our
best safety record ever recorded.

"We are also pleased to have resolved the FCPA investigation with
the SEC. We agreed to pay disgorgement of $5 million and entered
into a cease and desist agreement. Key had already accrued a
liability for the payment in the first quarter of 2016."

                         U.S. Results

Second quarter 2016 U.S. Rig Services revenues of $51.5 million
were down 12.7% as compared to the first quarter.  Second quarter
operating loss was $13.7 million, or -26.6% of revenue, which
included a loss on sale of asset of $0.3 million and severance of
$0.4 million; excluding these items, normalized operating loss was
$12.9 million, or -25.1% of revenue.  These results compare to
first quarter operating loss of $6.4 million, or -10.8% of revenue,
which included severance of $0.6 million; excluding this loss,
normalized operating loss was $5.8 million, or -9.9% of revenue.
Rig hours declined approximately 6% sequentially driven primarily
by an approximately 16% decline in California.
Second quarter 2016 Fluid Management Services revenues of $19.6
million were down 13.6% as compared to the first quarter.  Second
quarter operating loss was $7.6 million, or -38.6% of revenue,
which included a gain on sale of assets of $0.3 million; excluding
this gain, normalized operating loss was $7.8 million, or 39.9% of
revenue.  These results compare to first quarter operating loss of
$6.3 million, or -27.7% of revenue, which included a loss on sale
of assets of $2.7 million and severance of $0.2 million; excluding
these losses, normalized operating loss was $3.4 million, or -15.1%
of revenue. Truck hours declined approximately 8% sequentially
driven primarily by an approximately 19% decline in the Permian
Basin.

Second quarter 2016 Coiled Tubing Services revenues of $7.6 million
were down 20.1% as compared to the first quarter. Second quarter
operating loss was $6.1 million, or -79.5% of revenue; which
included severance of $0.1 million; excluding this item, normalized
operating loss was $5.9 million, or 77.8% of revenue. These results
compare to first quarter operating loss of $6.1 million, or -64.5%
of revenue, which included a loss on sale of assets of $1.1 million
and severance of $0.1 million; excluding these losses, normalized
operating loss was $5.0 million, or -52.2% of revenue.

Second quarter 2016 Fishing & Rental Services revenues of $13.4
million were down 17.6% as compared to the first quarter. Second
quarter operating loss was $8.8 million, or -65.4% of revenue,
which included a loss on sale of assets of $0.9 million and
severance of $0.1 million; excluding these items, normalized
operating loss was $7.7 million, or 57.7% of revenue.  These
results compare to first quarter operating loss of $4.0 million, or
-24.6% of revenue, which included a gain on the sale of assets of
$1.7 million and severance of $0.1 million; excluding these items,
normalized operating loss was $5.6 million, or -34.6% of revenue.

                    International Segment

Second quarter 2016 International revenues were $2.9 million, down
20.1% as compared to first quarter 2016 revenues of $3.6 million.
Second quarter operating loss was $4.9 million, or -169.6% of
revenues, which included severance of $0.3 million; excluding this
item, normalized operating loss was $4.7 million.  These results
compare to first quarter operating loss of $5.1 million, or -139.9%
of revenues, which included a loss on sale of assets of $0.1
million and severance of $0.4 million; excluding these items,
normalized operating loss was $4.6 million, or 127.7% of revenue.

              General and Administrative Expenses    

General and Administrative (G&A) expenses were $40.9 million for
the second quarter compared to $46.2 million in the prior quarter.
Second quarter G&A expenses included $9.5 million in restructuring
fees, $0.6 million in severance and $0.6 in costs associated with
the FCPA investigations compared to first quarter G&A expenses that
included a $5.0 million accrual in connection with the offer of
settlement related to the FCPA investigations, $2.4 million in
costs associated with the FCPA investigations and $5.9 million in
severance.  Excluding these items, G&A expense in the second
quarter was $30.2 million as compared to $32.9 million in the first
quarter.  International G&A expenses were $2.5 million in the
second quarter compared to $2.3 million in the first quarter.

              Balance Sheet and Capital Expenditures

Key's consolidated cash balance at June 30, 2016 was $103.5 million
compared to $155.7 million at March 31, 2016; additionally, Key had
$18.6 million of restricted cash as of June 30, 2016 and March 31,
2016.  Total debt at June 30, 2016 was $953.6 million compared to
total debt of $965.4 million at March 31, 2016.  The Company had
$130.8 of total liquidity available at June 30, 2016.  Capital
expenditures for the quarter were $2.4 million.

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

                       https://is.gd/WcvBtJ

                      About Key Energy

Key Energy Services, Inc. (NYSE: KEG), a Maryland corporation,
claims to be the largest onshore, rig-based well servicing
contractor based on the number of rigs owned.  The Company was
organized in April 1977 and commenced operations in July 1978
under
the name National Environmental Group, Inc.  In December 1992, the
Company became Key Energy Group, Inc. and it changed its name to
Key Energy Services, Inc. in December 1998.

Key Energy reported a net loss of $917.70 million on $792.32
million of revenues for the year ended Dec. 31, 2015, compared to a
net loss of $178.62 million on $1.42 billion of revenues for the
year ended Dec. 31, 2014.

As of March 31, 2016, the Company had $1.22 billion in total
assets, $1.16 billion in total liabilities and $58.87 million in
total equity.

                         *    *    *

As reported by the TCR on June 20, 2016, S&P Global Ratings lowered
its corporate credit rating on U.S.-based Key Energy Services Inc.
to 'CC' from 'CCC-'.  "The downgrade follow's Key's disclosure that
it entered into confidential agreements with certain holders of its
6.75% senior notes due 2021 and certain lenders of the term loans
regarding a financial restructuring," said S&P Global Ratings
credit analyst David Lagasse.

The TCR reported on May 20, 2016, that Moody's Investors Service
downgraded Key Energy Services, Inc.'s Corporate Family Rating
(CFR) to Ca from Caa2, Probability of Default Rating (PDR) to Ca-PD
from Caa2-PD, and senior unsecured rating to Ca from Caa3.  The
SGL-4 Speculative Grade Liquidity (SGL) Rating was affirmed.


KINEMED INC: Seeks Dec. 31 Extension of Plan Filing Date
--------------------------------------------------------
KineMed, Inc., asks the U.S. Bankruptcy Court for the Northern
District of California to extend the exclusive period for the
Debtor to file a plan of reorganization to December 31, 2016, and
the exclusive period for the Debtor to obtain acceptances of the
plan to March 31, 2017.

According to the Debtor, two critical prerequisites to development
of its Plan are (a) disposition of the Dynamic Proteomics Platform
and the Midcap Financial Trust secured debt in order to allow for
the recapitalization of the Debtor; and (b) assumption of the
Ghrelin license so that the compound can be developed following
Plan confirmation. Both of those prerequisites are in progress, but
not yet completed, the Debtor tells the Court.

The Debtor expectation that the discussions with Midcap will be
concluded within the next several weeks, and that one or more
related transactions will come before the Bankruptcy Court for
approval in October or November 2016. At the same time, discussions
with Biopharma Forest, Inc. ("BPF") are also ongoing, with respect
to the assumption and postconfirmation performance of the Ghrelin
license.

The Debtor has agreed, at BPF’s request, to present that plan, as
well as a draft of the Plan for the Debtor’s restructuring, to
BPF in Japan before filing the Plan. That presentation is
anticipated to be scheduled for late September 2016, at the
earliest, with further iterations of both the development plan and
the Plan anticipated thereafter.

Because both sets of discussions must precede the filing of the
Plan, the Debtor expects that it may not be in a position to file
and prosecute the Plan until at least October 2016, and possibly
later.

Counsel for KineMed, Inc.:

       Merle C. Meyers, Esq.  
       Michelle Thompson, Esq.
       MEYERS LAW GROUP, P.C.
       44 Montgomery Street, Suite 1010
       San Francisco, CA 94104
       Telephone: (415) 362-7500
       Facsimile: (415) 362-7515
       Email: mmeyers@meyerslawgroup.com
              mthompson@meyerslawgroup.com



                                   About KineMed Inc.

Headquartered in Emeryville, California, KineMed, Inc., has
developed and validated a proprietary drug development platform to
clinically advance drugs more efficiently and with less risk for
later sale/out-license.  The Company is creating a pipeline of high
value drug assets in muscle-wasting and fibrotic diseases.  The
pipeline is focused on Phase 2 trials with synthetic Ghrelin, to
address CKD & muscle wasting in the elderly.

The Company filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Calif. Case No. 16-41241) on May 4, 2016, estimating its assets at
between $10 million and $50 million and debts at between $1 million
and $10 million.  The petition was signed by David M. Fineman,
chairman and chief executive officer.

Judge Roger L. Efremsky presides over the case.

Merle C. Meyers, Esq., at Meyrs Law Group, PC, serves as the
Debtor's bankruptcy counsel.


KIRBY BROTHERS: Seeks to Hire Kathleen Stoneback as Accountant
--------------------------------------------------------------
Kirby Brothers, Inc. seeks approval from the U.S. Bankruptcy Court
for the District of New Jersey to hire an accountant in connection
with its Chapter 11 case.

The Debtor proposes to hire Kathleen Stoneback, a certified public
accountant, to prepare and file its monthly operating reports and
tax returns.  Ms. Stoneback will be paid $100 per hour.

In a court filing, Ms. Stoneback disclosed that she is
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

The firm may be reached at:

     Stoneback Kathleen CPA  
     Accountant
     117 Round Hill Rd
     Voorhees Township, NJ 08043
     Tel: 856-795-7375

The Debtor is represented by:

     David A. Kasen, Esq.
     Kasen & Kasen
     1874 E. Marlton Pike, Suite 3
     Cherry Hill, NJ 08003
     Tel: (856) 424-4144
     Fax: (856) 424-7565
     Email: dkasen@kasenlaw.com

                      About Kirby Brothers

Kirby Brothers, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 16-15442) on March 23,
2016.  The case is assigned to Judge Michael B. Kaplan.


LANSING TRADE: Moody's Cuts Corporate Family Rating to B2
---------------------------------------------------------
Moody's Investors Service downgraded Lansing Trade Group LLC's
Corporate Family Rating (CFR) to B2 from B1 and Probability of
Default Rating to B2-PD from B1-PD and revised the outlook to
negative. Moody's also downgraded the existing senior unsecured
notes ($144 mil outstanding) to Caa1 from B3. The downgrade
reflects the lost earnings in Lansing's Feed business following the
imposition of trade restrictions on DDGs by the Chinese government,
the proprietary trading losses in the second quarter, and the
leaner operating environment that has narrowed margins for its
Grain business.

Ratings Downgraded:

   Lansing Trading Group, LLC

   -- Corporate Family Rating -- B2 from B1

   -- Probability of Default Rating -- B2-PD from B1-PD

   -- $144 million senior unsecured notes due 2019 -- Caa1 (LGD6)  

      from B3 (LGD6)

Outlook -- negative from stable.

RATINGS RATIONALE

The downgrade reflects the earnings losses from proprietary trading
in the second quarter as well as the negative impact on earnings in
the Feed business and from the Chinese government's anti-dumping
and countervailing duties investigation of US DDGs. While the
majority of the impact on Lansing's DDGs trade was realized in the
first quarter of 2016, Moody's expects the loss of the higher
margin business will continue to negatively impact earnings over
the medium term. In addition, the countervailing duties
investigation creates uncertainty around the company's strategy to
expand its DDGs business internationally. In the second quarter of
2016, Lansing incurred trading losses related to the soy complex
(soybeans, meal and oil) of roughly $14 million. These losses
occurred within a non-recourse, wholly owned subsidiary of Lansing.
The earnings losses have elevated leverage to 4.3x Net Debt/EBITDA
for the LTM ending June 30, 2016. (All metrics include Moody's
Standard Adjustments as well as adjustments specific to the Trading
Methodology.)

The B2 corporate family rating also reflects the company's small
size, market position and significant reliance on merchandising in
one region (North America) for the majority of its earnings.
Lansing has modest market share compared to several larger and
better capitalized competitors that are represented globally and
benefit from vertically integrated commodity processing operations.
The company's modest size (fixed assets of roughly $200 million)
and reliance on trading a limited number of agricultural
commodities and sand for the majority of its earnings are limiting
factors. Additionally, the current low commodity price environment
has reduced Lansing's already thin EBITDA margins in its Grain
business compared to other commodity merchandising and processing
companies. Moody's also has some concern that Lansing's Energy
business may deteriorate further if crude oil prices remain below
$50 for several years. Lansing's relatively small asset base has
grown through acquisitions and Moody's expects that the company
will restrict acquisitions while operating performance remains weak
over the next year or more.

The rating is supported by a low absolute debt level and a
relatively liquid balance sheet compared to most other industries.
While earnings declined in FY2015, the company benefitted from low
crop prices, which reduced working capital usage and debt. Moody's
said, “We expect profitability will remain constrained into 2017
given the Chinese DDG trade restrictions and Moody's expectations
for continued low commodity prices, which tends to reduce the
margin per bushel or ton. Lansing benefits from its diverse
customer base and long-term relationships with customers, which
include large consumer product companies, and an adequate liquidity
profile.” Moody's believes Lansing's financial policy and risk
management are reflected in the rating.

The negative outlook reflects Lansing's weaker financial
performance from its core business as a result of the low commodity
price environment and trade restrictions with China in its feed
business. The outlook also reflects the uncertainty of a recovery
in its earnings performance over the next twelve to eighteen
months. The rating could be upgraded if the company were to
increase its fixed assets, while maintaining a leverage ratio (Net
Debt/EBITDA) of less than 3.0x. The rating could be downgraded if
available liquidity fell below $150 million, the company
meaningfully increased its leverage (Net Debt/EBITDA) to 4.5x on a
sustained basis, EBITDA/Interest less than 2.0x persists, or if
Funds From Operations/Debt remains below 10%.

Liquidity is a primary concern for agricultural commodity
merchandising and processing companies due to the potential
volatile nature of commodity prices. Lansing's adequate liquidity
is supported by its cash balances, established committed and
uncommitted bilateral trade lines, expectations for positive free
cash flow, and availability under its $450 million ABL revolving
credit facility. The company had approximately $24.3 million of
cash as of June 30, 2016. Lansing's $450 million revolver matures
on January 22, 2018, and is subject to a borrowing base. The
revolver has an accordion feature that Lansing can use to secure up
to an additional $200 million of commitments should its business
grow or commodity prices dictate a need for additional liquidity.
The company has sought additional commitments, when needed in the
past, rather than maintaining a larger revolver. The lower
commodity prices during 2013-16 have allowed the company to
maintain lower revolver commitments, but liquidity needs could
easily change if adverse weather conditions result in a lower than
expected harvest at any point over the next several years. The
company also utilizes uncommitted structured trade financing
agreements and lines of credit. As of June 30, 2016, the company
had $63 million borrowed on the revolver and $266.2 million of
total ABL availability. The revolving credit facility has
maintenance financial covenants - minimum consolidated tangible net
worth, maximum leverage ratio, and minimum working capital
requirement. Moody's expects the company to remain in compliance
with the covenants through the next twelve months.

The principal methodology used in these ratings was Trading
Companies published in June 2016.

Lansing Trade Group, LLC (Lansing), headquartered in Overland Park,
Kansas, is a commodity merchandising company specializing in whole
grains, feed ingredients and energy products. The company generates
the majority of its revenue in North America and operates through
three segments: Grains, Feed Ingredients, and Energy. Lansing is
owned by The Andersons Agriculture Group, L.P., Macquarie Americas
Corp., New Hope Liuhe Investment (USA), Inc., and employees.
Revenue for the twelve months ended June 30, 2016, totaled $5.2
billion.


LARRY J. ADKINS: Taps Jason A. Burgess as Legal Counsel
-------------------------------------------------------
Larry J. Adkins Enterprises, Inc. seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to hire legal
counsel in connection with its Chapter 11 case.

The Debtor proposes to hire The Law Offices of Jason A. Burgess,
LLC, to provide these legal services:

     (a) give advice to the Debtor with respect to its powers and
         duties;

     (b) advise the Debtor with respect to its responsibilities in

         complying with the U.S. Trustee's Operating Guidelines
         and Reporting Requirements and with the Local Rules of
         the court;

     (c) prepare legal papers;

     (d) protect the interest of the Debtor in all matters pending

         before the court; and

     (e) represent the Debtor in negotiations with their creditors

         and in preparation of the disclosure statement and plan
         of reorganization.

Burgess' hourly rate for attorney services is $295.  The firm's
paralegal time will be billed at $75 per hour.

Jason Burgess, Esq., disclosed in a court filing that he does not
represent any interest adverse to the Debtor.

Mr. Burgess' contact information is:

     Jason A. Burgess, Esq.
     The Law Offices of Jason A. Burgess, LLC
     1855 Mayport Road
     Atlantic Beach, FL 32233
     Phone: (904) 372-4791
     Fax: (904) 853-6932

                      About Larry J. Adkins

Larry J. Adkins Enterprises, Inc. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. M. D. Fla. Case No. 16-03103) on
August 15, 2016.


LAS VEGAS JOHN: Community Bank Wants Exclusive Period Terminated
----------------------------------------------------------------
Community Bank asks the U.S. Bankruptcy Court for the District of
Nevada to terminate Las Vegas John, L.L.C.'s exclusive period to
file a plan of reorganization.

Community Bank is the Debtor's sole secured creditor and holds a
claim against the Debtor in excess of $700,000, which is secured by
the Debtor's primary asset -- a 36-unit apartment complex located
in Las Vegas, Nevada.

Community Bank contends that the Debtor's Property generates net
operating monthly income on a monthly basis in the amount of
$12,247.70.  It further contends that notwithstanding having net
operating monthly income in the amount of $12,247.70, the Debtor:

     (a) has failed to deliver any payment to Community Bank for
the months of May through August 2016;

     (b) is in arrears to the City of Las Vegas for sewer services
in the amount of $5,555.46;

     (c) is in arrears to the Las Vegas Valley Water District in
the amount of $4,821.84;

     (d) is in arrears to the Internal Revenue Service for taxes in
the amount of $4951.49; and

     (e) has other unpaid payables to Cox Communications, NV
Energy, Cecil Thomas, Michael Camargo, Upper Ground Flooring,
Republic Services, Home Team Pest Defense, Inc., Southwest Gas
Corporation, and Robert Selmon/Sammy Bjork in the aggregate amount
of $20,741.67.

Community Bank tells the Court that the Debtor is not using its
Property's income to make any repairs or improvements to the
Property or to pay:

     (i) vendors who contribute services to the Property;

     (ii) water services that are vital to the Property;

     (iii) taxing authorities; or

     (iv) the debt owed to Community Bank, that allowed for
the acquisition of the Property in the first place.   

Community Bank further tells the Court that one of the few debts
that is actually being paid is the management fee payable to the
Debtor's principal, and that the balance of the income from the
Property is being pocketed by the Debtor's principal or is being
used to pay his other obligations.

Community Bank contends that the Debtor and its principal have
shown that they are not trustworthy stewards of the Property, and
will not be during the interim period during which they market the
Property for sale.  It further contends that it is seeking a
termination of the Exclusivity Period in order to file its own
liquidating plan in the case.

A full-text copy of the Community Bank's Motion, dated August 16,
2016, is available at https://is.gd/QqPuEO

Community Bank is represented by:

          Michael B. Wixom, Esq.
          Katie M. Weber, Esq.
          SMITH LARSEN & WIXOM
          Hills Center Business Park
          1935 Village Center Circle
          Las Vegas, NV 89134
          Telephone: (702)252-5002
          Email: mbw@slwlaw.com
                 kw@slwlaw.com

               About Las Vegas John, L.L.C.    

Las Vegas John, L.L.C. filed a chapter 11 petition (Bankr. D. Nev.
Case No. 16-14273) on August 3, 2016.  The petition was signed by
Dmitrios P. Stamatakos, managing member.  The Debtor is represented
by Matthew C. Zirzow, Esq., at Larson & Zirzow.  The case is
assigned to Judge August B. Landis.  The Debtor estimated assets at
$1 million to $10 million and debts at $500,000 to $1 million at
the time of the filing.


LENNAR BUFFINGTON: Court Oks Sale of Property to RSI Communities
----------------------------------------------------------------
Judge H. Christopher Mott of the U.S. Bankruptcy Court for the
Western District of Texas authorized Lennar Buffington Stonewall
Ranch, LP to sell property and to assume, and assign executory
contracts with consent from United Development Funding, LP ("UDF"),
to RSI Communities, LLC for $16,000,000.

The Debtor and RSI Communities have executed a Contract of Sale of
real property owned by the Debtor and PH SPMSL, LP, a non-debtor.

A copy of the Contract of Sale attached to the order is available
for free at:

   http://bankrupt.com/misc/Lennar_Buffington_90_Order.pdf

The Purchaser agrees to purchase the real estate situated in the
extra-territorial jurisdiction of Liberty Hill, Williamson County,
Texas, to wit, being (i) 17 finished single-family residential lots
owned by PH SPMSL and located in Stonewall Ranch, Phase 2,
Stonewall Ranch, Phase 3; and (ii) approximately 183 acres of land
located in Williamson County, Texas, owned by Len-Buff, which Paper
Lot Land is to be developed into approximately 771 single-family
residential lots in proposed subdivisions known or to be known as
Stonewall Ranch, Phase 4 through 10.

The property also includes all those open space, common area,
rights-of-way, whether public or private, and other land owned by
the Debtor which intended to be developed as part of the
subdivision.

The property also includes all rights, title and interest of the
Debtor, is any, in and to any and all development rights relating
to, associated with/or appurtenant to any of the Paper Lot Land and
Finished Lots.

Judge Mott approved the following assumption and assignment of (a)
the Liberty Hill Contract, (b) the Georgetown Contract, and (c) the
Reimbursement Agreement to Purchaser.

At the Closing, the Debtor is authorized to (a) pay in full any ad
valorem taxes owed by the Debtor for years prior to 2016; (b) pay
$3,274,746 plus $607 per diem for each day after Aug. 15, 2016,
plus $175,000 as the undisputed amount for attorneys' fees and
costs incurred by PNC Bank; (c) pay $587,037 plus $1,268 per diem
for each day after Aug. 15, 2016 to the City of Liberty Hill; and
(d) pay the UST fees, $13,000 as an estimated payment for the third
quarter of 2016.

At the Closing the Debtor will retain $200,000 ("Retained Funds")
for payment of administrative expense claims of professionals hired
by the Debtor and any fees due ; retain $3,300,000 to which the
liens of Lennar Homes of Texas Land and Construction, Ltd. and
Lennar Texas Holding Co. and UDF will attach in the same order,
priority and validity that they applied to the Purchased Assets
subject to further order of the Court; and retain $100,000
("Attorney's Fees Funds") to which the liens of PNC and UDF will
attach in the same order, priority and validity that they applied
to the Purchased Assets subject to further order of the Court.

UDF and PNC will attempt to resolve the issue of whether PNC is
entitled to all or a portion of the Attorney's Fees Funds as
additional attorney's fees and costs as part of its allowable
claim. If the parties are able to agree on a resolution of the
Disputed Attorney's Fees issue, then the Debtor is authorized and
directed to pay from the Attorney's Fees Funds the amount on which
the parties' agree. However, if UDF and PNC are unable to agree on
a resolution of the Disputed Attorney's Fees issue, then the issue
will be brought before the Court for resolution on a schedule
mutually agreeable to the parties or as otherwise ordered by the
Court.

At the Closing the Debtor will cause to be paid all costs of
Closing, including fees for a title policy and fees incurred by the
title company will be paid.

The Purchaser can be reached at:

     John Bohnsen
     RSI Communities  LLC
     810 Hesters Crossing Road, SUite 235
     Round Rock, TX 78681
     Telephone: (512) 953-4111
     E-mail: jbohnen@rsicommunities.com

and is represented in this matter by:

     L. Jeffrey Hubanak, Esq.
     LOCKE LORD LLP
     600 Congress Ave., Suite 2200
     Austin, TX 78701
     Telephone: (512) 305-4807
     E-mail: jhubenak@lockelord.com

UDF Development Funding III, LP, filed an involuntary Chapter 11
bankruptcy petition against Austin, Texas-based Lennar Buffington
Stonewall Ranch, LP (Bankr. W.D. Tex. Case Number 15-11548) on Nov.
30, 2015,  Judge Christopher H. Mott presides over the case.
Richard W. Ward, Esq., who has an office in Plano, Texas, serves as
UDF Development's counsel.


LIBERTY INTERACTIVE: Fitch Rates Proposed Sr. Unsec. Debentures BB
------------------------------------------------------------------
Fitch Ratings has assigned a 'BB/RR4 (EXP)' rating to Liberty
Interactive LLC's (Liberty) proposed exchangeable senior unsecured
debentures.  Proceeds from the offering are expected to be used
primarily for debt repayment and general corporate purposes.  As of
June 30, 2016, Liberty had approximately $8.3 billion of debt
outstanding.

                         KEY RATING DRIVERS

Consolidated Profile Drives Ratings: Liberty's and QVC Inc.'s (QVC)
ratings reflect the consolidated legal entity/obligor credit
profile, rather than the tracking stock structure of Interactive
(QVCA/B)/Ventures (LVNTA/B).  Based on Fitch's interpretation of
Liberty's indentures, Liberty could not spin out QVC without
bondholder consent.  Fitch believes because QVC generates 84% and
96% of Liberty's revenues and EBITDA, respectively, a spinoff would
trigger the "substantially all" asset disposition restriction in
the Liberty indentures.

Ratings Reflect Spinoff: Fitch's ratings materially rely on QVC,
with Liberty's other investments viewed as incremental support. The
ratings incorporate LVNTA/B's July 2016 spinoff of CommerceHub,
Inc. and its expected spinoff of Liberty Expedia Holdings, Inc.

Recent Investment: Liberty used cash on hand to invest
$2.4 billion in Liberty Broadband Corporation (Broadband) for a 24%
ownership position in Broadband in May 2016, leaving Liberty with
$492 million of cash at June 30, 2016.  Broadband used the proceeds
to fund its $5 billion stock purchase for 25% ownership in an
entity (New Charter) created by Charter Communications Inc.'s
merger with Time Warner Cable Inc. and acquisition of Bright House
Networks.  Liberty also exchanged its TWC ownership for a 2%
ownership position in New Charter.

Zulily Acquisition: Liberty acquired zulily Inc. in October 2015
for $2.3 billion using cash on hand at zulily (approximately $300
million), the issuance of approximately 38.5 million shares of QVCA
stock ($1.2 billion) and borrowings under QVC's revolving credit
facility ($800 million).

QVC Debt Ratings: Fitch rates both QVC's senior secured bank credit
facility and the senior secured notes 'BBB-', two notches higher
than QVC's Issuer Default Rating.  The secured issue rating
reflects what Fitch believes QVC's stand-alone ratings would be.

Diversification and Adaptability: Fitch recognizes QVC's ability to
manage product mix and adapt to its customers' shopping
preferences.  QVC grew revenues over the last three years while
maintaining Fitch-calculated EBITDA margins in the 20%-22% range.
Fitch believes QVC will continue to grow revenues at least at GDP
levels.  While QVC EBITDA margin fluctuation is driven in part by
product mix, Fitch believes these margins will remain in their
historical 20%-22% range over the next few years.

Cash Deployment: Fitch expects Liberty's FCF to be dedicated to
share repurchases and debt reduction, and QVC to manage to its
stated 2.5x leverage target within 18 months, primarily though
EBITDA growth.  Fitch recognizes the risk remains that Liberty may
acquire the 62% of HSN Inc. it does not own, but believes the
zulily acquisition reduced this probability.

                         KEY ASSUMPTIONS
Fitch's key assumptions within the rating case for Liberty
Interactive LLC include:

   -- Annual revenue growth in low single digits;
   -- EBITDA margins remain in the 19%-20% range;
   -- Annual FCF generation of approximately $0.9 billion-
      $1 billion;
   -- Share buybacks funded by FCF.

                         RATING SENSITIVITIES

Positive Rating Actions: Fitch believes if Liberty were to manage
to more conservative leverage targets, ratings could be upgraded.
Fitch expects Liberty's gross unadjusted leverage to be managed to
4.0x and QVC's unadjusted gross leverage to be managed to 2.5x.

Negative Rating Actions: Negative action could occur if QVC does
not return leverage to below 2.5x within 18 months; if financial
policy changes, including more aggressive leverage targets and
asset mix changes, weaken bondholder protection; or if there are
unexpected revenue declines in excess of 10% that materially drive
declines in EBITDA and FCF, and result in QVC's leverage exceeding
2.5x in the absence of a credible plan to reduce leverage.

                            LIQUIDITY

Fitch believes liquidity at QVC will be sufficient to support
operations and its expansion into other markets.  Acquisitions and
share buybacks are expected to be a primary use of FCF.

Fitch also believes that there is sufficient liquidity and cash
generation (from investment dividends and tax sharing between the
tracking stocks) to support debt service and disciplined investment
at Liberty LLC.  Fitch recognizes that in the event of a liquidity
strain at Liberty LLC, QVC could provide funding to support debt
service (via intercompany loans), or the tracking stock structure
could be collapsed.

Fitch notes that cash can travel throughout all Liberty entities
relatively easily.  Although the tracking stock structure adds a
layer of complexity, Liberty has in the past reattributed assets
and liabilities.  Fitch believes that resources at QVC would be
used to support Liberty, and vice versa, if ever needed.

Fitch believes Liberty LLC continues to carry meaningful liquidity
with $492 million in readily available cash, $975 million of
availability on QVC's $2.65 billion revolver due June 2021
($140 million matures on March 2020), and $3 billion in other
public holdings as of June 30, 2016, (pro forma for the spinoffs of
Expedia and CommerceHub).  Fitch calculates FCF of $874 million for
the last 12 months ended June 30, 2016 (excluding discontinued
operations).  Based on Fitch's conservative projections, Fitch
expects Liberty's FCF to be in the range of $900 million-$1 billion
for fiscal 2016.

Liberty's maturities are well laddered and include a $450 million
margin loan due in 2017 and $400 million of QVC's 3.125% senior
secured notes due in 2019.  Fitch believes Liberty has sufficient
liquidity to handle these maturities and other potential
redemptions.  Other than the 2019 and 2020 notes, the remaining QVC
notes' call provisions are limited to make-whole provisions ranging
from 25 bps-50 bps.

FULL LIST OF RATING ACTIONS

Fitch currently has these ratings:

Liberty Interactive LLC
   -- Issuer Default Rating (IDR) at 'BB';
   -- Senior unsecured at 'BB/RR4'.

QVC
   -- IDR at 'BB'.
   -- Senior secured debt at 'BBB-/RR1'.

The Rating Outlook is Stable.


LIBERTY INTERACTIVE: S&P Assigns 'BB' Rating on $500MM Debentures
-----------------------------------------------------------------
S&P Global Ratings assigned a 'BB' issue-level rating and a '3'
recovery rating to Liberty Interactive LLC's proposed exchangeable
debentures that could range from $500 million to $575 million and
maturing in 2046.  The issue-level rating is the same as the
corporate credit rating on Liberty Interactive Corp. (Liberty
Interactive), which is the parent of Liberty Interactive LLC.  The
recovery rating indicates S&P's expectation for meaningful recovery
in the high end of the 50% to 70% range in the event of a payment
default.

Each of the new 2046 debentures is exchangeable into Charter
Communications Inc. (Charter) Class A common stock, cash, or a
combination of Charter's Class A common stock and cash.  Liberty
Interactive plans to use the net proceeds of the offering to repay
debt including outstanding amounts under a $450 million margin loan
facility with any remaining proceeds used for general purposes,
including the refinancing of other debt.

S&P's 'BB' corporate credit rating and continued negative outlook
on Liberty Interactive reflects the weakening in leverage metrics
including debt to EBITDA rising to about 3.9x, following the
company's investment in Liberty Broadband Corp.  S&P continues to
believe that while the company's initiatives to improve its credit
profile will yield favorable results, external factors such as the
challenging retail environment could slow the improvement. Somewhat
mitigating these concerns are Liberty Interactive's differentiated
product strategy and its repeat customer base from which the
company generates about 86% of worldwide sales.  Its liquidity
remains strong with about $500 million cash on hand at June 30,
2016, availability under its $2.65 billion revolver maturing in
2020, and good internal cash flow generation

RATINGS LIST

Liberty Interactive Corp.
Corporate Credit Rating             BB/Negative/--

New Rating
Liberty Interactive LLC
Debentures due 2046                BB
   Recovery rating                  3H


LIME ENERGY: Incurs $3.76 Million Net Loss in Second Quarter
------------------------------------------------------------
Lime Energy Co. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss available
to common stockholders of $3.76 million on $21.0 million of revenue
for the three months ended June 30, 2016, compared to a net loss
available to common stockholders of $1.29 million on $31.95 million
of revenue for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss available to common stockholders of $11.5 million on $44.2
million of revenue compared to a net loss available to common
stockholders of $3.70 million on $50.2 million of revenue for the
six months ended June 30, 2015.

As of June 30, 2016, Lime Energy had $46.2 million in total assets,
$40.6 million in total liabilities, $11.40 million in contingently
redeemable series C preferred stock, and a $5.76 million total
stockholders' deficiency.

"We have historically financed our liquidity and capital needs
primarily through the use of funds generated from operations, the
issuance of debt and equity securities, including the Subordinated
Convertible Term Notes and the Series C Preferred Stock, and access
to secured line of credit.  We plan to finance our future operating
liquidity and capital needs in a manner consistent with our past
practice.

"Our ability to continue to expand the sales of our products and
services will require the continued commitment of significant
funds.  The actual timing and amount of our future funding
requirements will depend on many factors, including the amount,
timing and profitability of future revenues, working capital
requirements, the level and amount of product marketing and sales
efforts, among other things.

"If we do determine it necessary to raise additional capital
because profitability does not improve as we expect it to, there is
no assurance we will be able to do so, or it may only be available
on terms that are not favorable to the Company or our existing
stockholders.  In the event that we are required to raise
additional capital in the future but are unable to do so, we may be
required to scale back operations or cease operations altogether,"
the Company stated in the report.

As of June 30, 2016, the Company had cash and cash equivalents of
$2.7 million, compared to $6.7 million (including $1.3 million of
restricted cash) as of Dec. 31, 2015.

"We knew that the second quarter would be challenging due to delays
in key utility programs; however, we are working towards our return
to profitability as we move into the second half of the year," said
Adam Procell, Lime Energy president & CEO.  "We are moving forward
with our plans to scale the Company and continue to leverage
innovative technology to achieve our goals."

The Company's quarterly report on Form 10-Q is available from the
SEC Web site at https://is.gd/HQxFUq

                        About Lime Energy

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

Lime Energy reported a net loss available to common stockholders of
$4.44 million on $113 million of revenue for the year ended Dec.
31, 2015, compared to a net loss available to common stockholders
of $5.60 million on $58.8 million of revenue for the year ended
Dec. 31, 2014.


LITE SOLAR: Hires Sussman Shank as Special Counsel
--------------------------------------------------
Lite Solar Corp., seeks authority from the U.S. Bankruptcy Court
for the Central District of California to employ Sussman Shank LLP
as special counsel to the Debtor.

Prior to the filing of the petition, the Debtor was involved in
certain Oregon state court litigation, with case number
14-CV-14976.

Lite Solar requires Sussman Shank to:

   -- perform specific tasks necessary in this case, with a view
      towards minimizing liabilities and maximizing recoveries to
      creditors in the bankruptcy case;

   -- represent the Debtor in the Oregon State Court (to the extent

      Oregon State Court practice continues to be necessary) and
      the United States District Court for the District of Oregon
      with respect to removal of the Oregon Litigation to that
      Court;

   -- advise and assist to remove the Oregon Litigation.

Sussman Shank will be paid at these hourly rates:

     Clifford S. Davidson         $315
     Other Attorneys              $230-$485
     Paralegals                   $145-$220

The Debtor paid Sussman Shank a pre-petition retainer of $12,500.
The amount of $9,500 will be applied to the pre-petition works.

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

Clifford S. Davidson, member of Sussman Shank LLP, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Sussman Shank can be reached at:

     Clifford S. Davidson, Esq.
     SUSSMAN SHANK LLP
     1000 SW Broadway, Suite 1400
     Portland, OR 97205
     Tel: (503) 227-1111
     Fax: (503) 248-0130
     E-mail: cdavidson@sussmanshank.com

                      About Lite Solar Corp

Lite Solar Corp., based in Long Beach, Calif., filed a Chapter 11
petition (Bankr. C.D. Calif. Case No. 16-19896) on July 27, 2016.
The Hon. Sheri Bluebond presides over the case. Leslie A. Cohen,
Esq. as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
assets and liabilities. The petition was signed by Ranbir S. Sahni,
president.


LOGAN'S ROADHOUSE: Files Reorganization Plan & Disc. Statement
--------------------------------------------------------------
BankruptcyData.com reported that LRI Holdings (Logan's Roadhouse)
filed with the U.S. Bankruptcy Court a Chapter 11 Plan of
Reorganization and related Disclosure Statement. According to the
Disclosure Statement, Class 1, holders of other priority claims
shall be paid full in cash; holders of Class 2, other secured
claims shall receive either (i) cash in the full amount or (ii) net
proceeds of the sale or disposition of collateral securing such
allowed other secured claim; holders of Class 3, revolving facility
lender claims shall receive a pro rata share of the exit revolving
facility (by having any revolving facility lender claims for
outstanding principal deemed outstanding under the exit revolving
facility on a dollar-for-dollar basis and all letters of credit
issued under the credit agreement deemed outstanding under the exit
revolving facility); holders of Class 4, GSO note claims and Kelso
Note claims shall receive a pro rata share of the new stock
(subject to dilution for the CRO fee equity award and management
incentive plan); holders of Class 5, unexchanged note claims shall
receive the following: (i) subclass 5(a) - each holder of
unexchanged notes that, in the aggregate, holds equal to or in
excess of $50,000 in principal amount of unexchanged notes shall
receive a pro rata share of the new stock (subject to dilution for
the CRO fee equity award and management incentive plan) and (ii)
subclass 5(b) - Each holder of unexchanged notes that, in the
aggregate, holds less than $50,000 in principal amount of
unexchanged notes shall receive its cashout payment; holders of
Class 6, general unsecured claims shall receive the following: (i)
if Class 6 votes in favor of the Plan, its pro rata share of the
general unsecured claim cash pool and (ii)i Class 6 rejects the
Plan, no distribution on account of its allowed general unsecured
claim; holders of Class 7, intercompany claims shall be reinstated,
cancelled or compromised as determined by the Debtors with the
consent of the required supporting noteholders; holders of Class 8,
subordinated claims and holders Class 9, existing equity interests
shall receive shall neither receive any distributions nor retain
any property under the Plan; holders of Class 10, intercompany
interest shall be cancelled or reinstated as determined by the
Debtors with the consent of the required supporting noteholders.
The Disclosure Statement states, "The amount of the New Stock to be
issued pursuant to the Plan shall be disclosed in the Plan
Supplement." The Court scheduled a September 22, 2016 hearing to
consider the Disclosure Statement.

                     About Logan's Roadhouse

Logan's Roadhouse, Inc., a Tennessee corporation, operates
full-service casual dining steakhouses.  Prior to the Petition
Date, the Debtors' operations encompassed approximately 234
company-owned restaurants located in 23 states, with a workforce of
approximately 18,964 employees, and an additional 26 franchised
restaurants.  The Debtors offer specially-seasoned aged steaks and
southern inspired dishes in a roadhouse atmosphere that includes
their "bottomless buckets" of roasted in-shell peanuts.  All of the
Debtors' company-owned and franchised restaurants operate under the
name Logan's Roadhouse.

Each of Roadhouse Holding Inc., Roadhouse Intermediate Inc.,
Roadhouse Midco Inc., Roadhouse Parent Inc., LRI Holdings, Inc.,
Logan's Roadhouse, Inc.,  Logan's Roadhouse of Texas, Inc., and
Logan's Roadhouse of Kansas, Inc. filed a voluntary petition under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case Nos.
16-11819 to 16-11827) on Aug. 8, 2016.  The petitions were signed
by Keith A. Maib as chief restructuring officer.

Debtor Logan's Roadhouse's estimated assets in the range of $100
million to $500 million and debts of $500 million to $1 billion.

The Debtors have hired Young Conaway Stargatt & Taylor, LLP as
counsel, Mackinac Partners, LLC as restructuring advisor, Jefferies
LLC as financial advisor and Donlin, Recano & Company, Inc. as
notice and claims agent.

Judge Brendan Linehan Shannon is assigned to the cases.


MARCIE ELECTRIC: Plan Confirmation Hearing Set for Sept. 14
-----------------------------------------------------------
The Hon. Daniel S. Opperman granted preliminary approval to the
disclosure statement explaining Marcie Electric Inc.'s Chapter 11
plan.

The Debtor has filed a combined plan of reorganization and
disclosure statement.

The deadline to return ballots on the plan, as well as to file
objections to final approval of the disclosure statement and
objections to confirmation of the plan, is September 7, 2016.  The
completed ballot form must be returned by mail to the Debtor's
attorney:

         Guy Conti, Esq.
         The Law Offices of Guy T. Conti, PLLC
         2045 Hogback Road
         Ann Arbor, MI 48105
         E-mail: gconti@contilegal.com

The hearing on objections to final approval of the disclosure
statement and confirmation of
the plan will be held on Wednesday, September 14, 2016, at 11:00
a.m. in the U.S. Bankruptcy Courtroom, 226 West Second Street,
Flint, Michigan 48502.

The deadline for all professionals to file final fee applications
is Sept. 28, 2016.

                      About Marcie Electric

Marcie Electric Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 16-30892) on April 10,
2016.  The Debtor is represented by Guy T. Conti, Esq., at The Law
Office of Guy T. Conti, PLLC.


MARINA BIOTECH: Incurs $643,000 Net Loss in Second Quarter
----------------------------------------------------------
Marina Biotech, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
applicable to common stockholders of $643,000 on $0 of license and
other revenue for the three months ended June 30, 2016, compared to
net income applicable to common stockholders of $904,000 on
$400,000 of license and other revenue for the same period in 2015.

For the six months ended June 30, 2016, the Company reported net
income applicable to common stockholders of $424,000 on $250,000 of
license and other revenues compared to net income applicable to
common stockholders of $1.31 million on $400,000 of license and
other revenues for the six months ended June 30, 2015.

As of June 30,2 016, Marina Biotech had $7.14 million in total
assets, $6.07 million in total liabilities and $1.07 million in
total stockholders' equity.

In connection with that process of exploring strategic
alternatives, on April 29, 2016, the Company signed a term sheet
with Turing Pharmaceuticals AG, a privately-held biopharmaceutical
company focused on developing and commercializing innovative
treatments for serious diseases, pursuant to which the Company
would acquire Turing's intranasal ketamine program for
consideration consisting of approximately 53 million shares of the
Company's common stock.  The assets to be acquired from Turing
would include all patents and intellectual property rights,
clinical development plans, regulatory documents and existing
product inventories.  As per the term sheet, the Company would pay
to Turing up to $95 million in success-based and sales-based
milestones plus a mid-single digit royalty on net sales, if any.

At June 30, 2016, the Company had an accumulated deficit of
approximately $334.0 million, $108.3 million of which has been
accumulated since the Company focused on RNA therapeutics in June
2008.  To the extent that sufficient funding is available, the
Company will continue to incur operating losses as it executes its
plan to raise additional funds, complete the Turing Transaction,
and investigate either acquiring other technology or selling its
existing assets or technology.  In addition, the Company has had
and will continue to have negative cash flows from operations.  The
Company has funded its losses primarily through the sale of common
and preferred stock and warrants, the sale of the Notes, revenue
provided from the Company's license agreements and, to a lesser
extent, equipment financing facilities and secured loans.  In 2015
and 2016, the Company funded operations with a combination of the
issuance of the Notes, preferred stock and license-related
revenues.  At June 30, 2016, the Company had negative working
capital of $2.7 million and $0.3 million in cash.  The Company's
limited operating activities consume the majority of its cash
resources.

"We believe that our current cash resources, including the proceeds
from the Notes received in June 2016 as noted above, will enable us
to fund our intended operations through October 2016. Our ability
to execute our operating plan beyond October 2016 depends on our
ability to obtain additional funding, the subsequent closing of the
Turing Transaction, and any subsequent plans to acquire other
technology or sell our existing assets or technology.  The
volatility in our stock price, as well as market conditions in
general, could make it difficult for us to raise capital on
favorable terms, or at all.  If we fail to obtain additional
capital when required, we may have to modify, delay or abandon some
or all of our planned activities, or terminate our operations.
There can be no assurance that we will be successful in any such
endeavors.  The accompanying consolidated financial statements do
not include any adjustments that might result from the outcome of
this uncertainty.

"If the Turing Transaction is not consummated and we are unable to
either find a viable purchaser for our assets or to obtain
sufficient capital to continue our current operations or any other
business that we may acquire, we may be forced to file bankruptcy
as we will have minimal capital and operating assets to continue
the business," the Company stated in the report.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/Rvle9W

                      About Marina Biotech

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

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

Marina Biotech reported a net loss of $6.47 million on $500,000 of
license and other revenue for the year ended Dec. 31, 2014,
compared to a net loss of $1.57 million on $2.11 million of license
and other revenue in 2013.

Wolf & Company, P.C., in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations, has a significant accumulated
deficit and does not have sufficient capital to fund its
operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


MARIO SILVERIO GRANADOS: Disclosures OK'd, Ch.11 Plan Confirmed
---------------------------------------------------------------
The Hon. August B. Landis of the U.S. Bankruptcy Court for the
District of Nevada has granted final approval of Mario Silverio
Granados and Emma Lazaro-Vanegas' disclosure statement and
confirmed their plan of reorganization - plan no. 3.

The Debtors filed a Chapter 11 Plan of Reorganization - Plan No. 3
on Feb. 26, 2016.  The Debtors filed a Disclosure Statement on Feb.
26, 2016, which was approved on April 12, 2016.

The Plan was filed by the Debtors' counsel:

     Michael J. Harker, Esq.
     2901 El Camino Avenue, No. 200
     Las Vegas, NV 89102
     E-mail: Mharker@harkerlawfirm.com
     Tel: (702) 248-3000

Mario Silverio Granados and Emma Lazaro-Vanegas filed for Chapter
11 bankruptcy protection (Bankr. D. Nev. Case No. 14-16872) in
2014.


MAX EXPRESS: Court Extends Exclusive Plan Filing Date to Sept. 29
-----------------------------------------------------------------
Honorable Deborah J. Saltzman of the U.S. Bankruptcy Court for the
Central District of California extended Max Express, Inc.'s
exclusive period to file a plan to September 29, 2016.

The Debtor previously asked the Court to extend its exclusivity
period because the Committee was recently appointed and the Debtor
will need time to work with the Committee and negotiate a plan of
reorganization.  While the Debtor has converted its employment
model, enough time needs to pass to allow Debtor to utilize the new
model and assess profitability and provide projections supporting
feasibility of any proposed Plan.

The Debtor says it is seeking an extension of the exclusivity
deadline to allow it sufficient time to resolve any objections to
proofs of claim, and assess its profitability under the new
employment model to adequately propose a plan of reorganization.

There are several unresolved contingencies because three of the
Debtor's drivers have filed proofs of claim which Debtor must
analyze and determine if it has objections to the claims.  If the
Debtor has any objections to the claims, the objections must be
resolved before Debtor can propose a plan of reorganization.  These
proofs of claim make up the majority of the Debtor's claims, and
therefore, their resolution is essential to formulating a Plan and
Disclosure Statement.  

Max Express, Inc.'s counsel:

        Vanessa M Haberbush, Esq.
        HABERBUSH & ASSOCIATES LLP
        444 W Ocean Blvd Ste 1400
        Long Beach, CA 90802
        Tel: 562-435-3456
        Fax: 562-435-6335
        E-mail: vhaberbush@lbinsolvency.com

              About Max Express

Max Express, Inc., is a trucking company located in Carson,
California that provides trucking services throughout the western
United States.  It has approximately 30 trucks and 37 employees,
including the truck drivers and principals of the Debtor.  The
Debtor currently rents real property located at 22420 S. Alameda 10
Street, Carson, CA 90810, for the premises used as its place of
business.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 16-14868) on April 15, 2016.  The
petition was signed by Richard Mo, secretary.  The case is assigned
to Judge Deborah J. Saltzman.  The Debtor estimated both assets and
liabilities in the range of $1 million to $10 million.


MBAC FERTILIZER: Obtains Extension of CCAA Stay Period
------------------------------------------------------
MBAC Fertilizer Corp. on Aug. 17, 2016, disclosed that the Company
and its wholly-owned subsidiaries, MBAC Opportunities and Financing
Inc., MBAC International Holdings Cooperatie U.A. and MBAC
(Barbados) Inc. (together with MBAC, the Applicants), have obtained
an order from the Ontario Superior Court of Justice (Commercial
List) extending the period of the Court-ordered stay of proceedings
against the Applicants under the Companies' Creditors Arrangement
Act (CCAA) until
October 28, 2016.  The Company has been operating under the
protection of the CCAA since August 4, 2016.

All inquiries regarding the Applicants' CCAA proceedings should be
directed to the Monitor, Ernst & Young Inc.  Information about the
CCAA proceedings, including copies of all court orders and the
Monitor's reports, is available at the Monitor's website:
http://www.ey.com/ca/mbac.

                           About MBAC

MBAC -- http://www.mbacfert.com/-- is focused on becoming a
significant integrated producer of phosphate fertilizers and
related products in the Brazilian market.  MBAC has an experienced
team with significant experience in the business of fertilizer
operations, management, marketing and finance within Brazil.  MBAC
owns and operates the Itafos Arraias SSP Operations, which consists
of an integrated fertilizer producing facility comprised of a
phosphate mine, a mill, a beneficiation plant, a sulphuric acid
plant, an SSP plant and a granulation plant and related
infrastructure located in central Brazil ("Itafos Operations").
The Itafos Operations are estimated to have production capacity of
approximately 500,000 tonnes of SSP per annum.  MBAC's exploration
portfolio includes a number of additional exciting projects, which
are also located in Brazil.  The Santana Phosphate Project is a
high-grade phosphate deposit located in close proximity to the
largest fertilizer market of Mato Grosso State and animal feed
market of Para State.


MCGEE EQUIPMENT: Revised Plan Earmarks $60,000 for Unsecureds
-------------------------------------------------------------
McGee Equipment Rental and Sales, Inc., filed with the U.S.
Bankruptcy Court in Lafayette, Louisiana, a First Amended Plan and
Disclosure Statement on Aug. 8, 2016.

Allowed unsecured claims will share on a pro rata basis
distributions totaling $60,000, which will be paid on a quarterly
basis beginning the end of the first quarter after confirmation.
Quarterly payments will be $3,000 per quarter.

McGee believes there will be enough income in the future to pay
claims as per the Plan.

The Debtor has received a Deep Water Horizon settlement; net
settlement proceeds to the Debtor is $250,000.  The Debtor will use
the proceeds from the Deep Water Horizon claim to apply directly to
priority claims -- totaling $455,887 -- which payment will be made
within 30 days of confirmation of the plan. The payment from the
Deep Water Horizon settlement is not sufficient to pay priority
claims in full and the Debtor will then pay priority claims as per
the provisions outlined in the Plan.

A copy of the First Amended Disclosure Statement is available at:

         http://bankrupt.com/misc/lawb15-51380-0276.pdf

                      About McGee Equipment

McGee Equipment Rental & Sales, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. La. Case No.
15-51380) on Oct. 23, 2015.  The petition was signed by Jacob
Jarrell Lacour, controller and general manager.  

The company is in the business of equipment rental and sales.  At
the time of the filing, the Debtor disclosed $3.58 million in
assets and $3.91 million in liabilities.

The Debtor is represented by:

         William C. Vidrine
         Vidrine & Vidrine, PLLC
         711 W. Pinhook Road
         Lafayette, LA 70503
         Tel: 337-233-5195
         E-mail: WilliamV@Vidrinelaw.com


MEGA INC: Disclosures Okayed; Plan Hearing Set for Sept. 2
----------------------------------------------------------
The Hon. Paul G. Hyman, Jr., of the U.S. Bankruptcy Court for the
Southern District of Florida has approved Mega, Inc.'s first
amended disclosure statement.

A hearing to consider the confirmation of the plan of
reorganization is scheduled for Sept. 2, 2016, at 9:30 a.m.

As reported by the Troubled Company Reporter on Aug. 8, 2016, the
general unsecured creditors will get 42.22% of their claims under
the Debtor's proposed plan to exit Chapter 11 protection.

The deadline for fee applications is Aug. 12, 2016.  Aug. 19, 2016,
is the deadline for objections to confirmation, the deadline for
serving notice of fee applications, and the deadline for filing
ballots accepting or rejecting Plan.

The deadline for filing the report and confirmation affidavit and
the deadline for individual debtor to file certificate for
confirmation regarding payment of domestic support obligations and
filing of required tax returns is Aug. 30, 2016.

                         About Mega Inc.

Mega, Inc., filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Fla. Case No. 15-25559) on Aug. 27, 2015.  The Debtor is
represented by Brett A. Elam, Esq.


METROTEK ELECTRICAL: Taps Bressler Amery as Special Counsel
-----------------------------------------------------------
MetroTek Electrical Services Company seeks approval from the U.S.
Bankruptcy Court for the District of New Jersey to hire Bressler,
Amery & Ross as its special counsel.

Bressler will represent MetroTek Electrical in two lawsuits filed
against the company in the Superior Court, Pennsylvania.  

The firm's professionals and their hourly rates are:

     Partners       $220 - $600
     Associates     $165 - $315
     Of Counsel     $275 - $400
     Paralegals      $75 - $185

Jed Marcus, Esq., at Bressler, disclosed in a court filing that the
firm is "disinterested" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Jed Marcus, Esq.
     Bressler, Amery & Ross
     325 Columbia Turnpike
     Florham Park, NJ 07932
     Tel: 973-514-1200  
     Fax: 973-514-1660
     Email: jmarcus@bressler.com

                    About MetroTek Electrical

MetroTek Electrical Services Company sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. N.J. Case No.
16-25628) on August 15, 2016.  The petition was signed by Reiner
Jaeckle, chief operating officer.  

The case is assigned to Judge Christine M. Gravelle.

At the time of the filing, the Debtor disclosed $641,184 in assets
and $2.56 million in liabilities.


METROTEK ELECTRICAL: Taps Gorski & Knowlton as Legal Counsel
------------------------------------------------------------
MetroTek Electrical Services Company seeks approval from the U.S.
Bankruptcy Court for the District of New Jersey to hire Gorski &
Knowlton PC.

The firm will serve as the Debtor's legal counsel in connection
with its Chapter 11 case.  Gorski & Knowlton will be paid $400 per
hour for its services, and will receive reimbursement for
work-related expenses.

Allen Gorski, Esq., at Gorski & Knowlton, disclosed in a court
filing that the firm is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Allen I. Gorski, Esq.
     Gorski & Knowlton PC
     311 Whitehorse Avenue, Suite A
     Hamilton, NJ 08610
     Tel: 609-964-4000
     Fax: 609-585-2553
     Email: agorski@gorskiknowlton.com

                    About MetroTek Electrical

MetroTek Electrical Services Company sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. N.J. Case No.
16-25628) on August 15, 2016.  The petition was signed by Reiner
Jaeckle, chief operating officer.  

The case is assigned to Judge Christine M. Gravelle.

At the time of the filing, the Debtor disclosed $641,184 in assets
and $2.56 million in liabilities.


METROTEK ELECTRICAL: Taps Lanciano & Associates as Special Counsel
------------------------------------------------------------------
MetroTek Electrical Services Company seeks approval from the U.S.
Bankruptcy Court for the District of New Jersey to hire Lanciano &
Associates as its special counsel.

The Debtor tapped the firm to pursue potential legal malpractice
claim, shareholder dispute, and collection of disputed accounts
receivable.  Lanciano & Associates will be paid $375 per hour for
its services.

Gaetano Lanciano, Esq., at Lanciano & Associates, disclosed in a
court filing that the firm is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Gaetano C. Lanciano, Esq.
     Lanciano & Associates
     2 Route 31 North
     Pennington, NJ 08534
     Tel: 609-452-7100

                    About MetroTek Electrical

MetroTek Electrical Services Company sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. N.J. Case No.
16-25628) on August 15, 2016.  The petition was signed by Reiner
Jaeckle, chief operating officer.  

The case is assigned to Judge Christine M. Gravelle.

At the time of the filing, the Debtor disclosed $641,184 in assets
and $2.56 million in liabilities.


MGM RESORTS: GPM to Transfer 4.95% Stake in MGM China to MRIH
-------------------------------------------------------------
MGM Resorts International entered into a securities purchase
agreement with MGM Resorts International Holdings, Ltd., a wholly
owned subsidiary of the Company, Grand Paradise Macau Limited, a
company incorporated in the Isle of Man and controlled by Ms. Pansy
Ho, and Expert Angels Limited, a company incorporated in the
British Virgin Islands and a wholly owned subsidiary of GPM.  

Pursuant to the terms of the Agreement, GPM will transfer to MRIH
188,100,000 ordinary common shares, or 4.95% of the outstanding
ordinary common shares, of MGM China Holdings Limited, a company
incorporated in the Cayman Islands and a subsidiary of the Company.
In consideration for the MGM China shares, subject to certain
conditions, the Company will issue to MRIH 7,060,492 shares of its
common stock, par value $0.01, for delivery to EA and pay to GPM or
its nominee an initial cash payment of $100 million.  In addition,
the Company has agreed to cause MRIH to pay GPM or its nominee a
deferred cash payment of $50 million, which will be paid to GPM or
its nominee over time in amounts equal to the ordinary dividends
received on such MGM China Shares, with a final payment on the
fifth anniversary of the closing date of the transaction if any
portion of the $50 million remains unpaid at that time, subject to
certain conditions.  Following such transfer, the Company will
beneficially own approximately 56% of the ordinary common shares of
MGM China.

The Shares have not been registered under the Securities Act of
1933, as amended, or any state securities law and may not be
offered or sold in the United States or to any U.S. persons absent
registration under the Securities Act, or pursuant to an applicable
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable
state securities laws.  The Company is offering and selling the
Shares to EA in reliance upon the exemption from registration
provided by Section 4(a)(2) of the Securities Act and Regulation D
and Regulation S promulgated thereunder.  The Company relied, in
part, upon representations from each of GPM and EA in the Agreement
that it is an "accredited investor" as such term is defined in Rule
501 of Regulation D and that it is not a "U.S. person" as such term
is defined in Rule 902 of Regulation S, as well as the fact that
the transaction was conducted outside of the United States.  In
addition, the Company has a pre-existing relationship with the
investors.

                        About MGM Resorts

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

MGM Resorts reported a net loss attributable to the Company of
$447.72 million in 2015, a net loss attributable to the Company of
$149.87 million in 2014 and a net loss attributable to the Company
of $171.73 milion in 2013.

As of Dec. 31, 2015, MGM Resorts had $25.21 billion in total
assets, $17.45 billion in total liabilities and $7.76 billion in
total stockholders' equity.

                           *     *     *

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

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

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

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


MGM RESORTS: Offering $500 Million Senior Notes
-----------------------------------------------
MGM Resorts International filed a free writing prospectus with the
Securities and Exchange Commission in connection with an offering
of $500,000,000 aggregate principal amount of 4.625% senior notes
due 2026.

The Notes have an offering price of 100%, plus accrued interest, if
any, from Aug. 19, 2016.

Interest are payable on March 1 and September 1, commencing
March 1, 2017.

Joint Physical Book-Running Managers:      

            Barclays Capital Inc.
            Merrill Lynch, Pierce, Fenner & Smith
                     Incorporated
            J.P. Morgan Securities LLC

Joint Book-Running Managers:         
     
         Citigroup Global Markets Inc.
         Deutsche Bank Securities Inc.
         BNP Paribas Securities Corp.
         SMBC Nikko Securities America, Inc.
         Credit Agricole Securities (USA) Inc.
         Fifth Third Securities, Inc.
         SunTrust Robinson Humphrey, Inc.

Co-Managers:
     
         Scotia Capital (USA) Inc.
         Citizens Capital Markets, Inc.

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

                      https://is.gd/aLA6b5

                       About MGM Resorts

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

MGM Resorts reported a net loss attributable to the Company of
$447.72 million in 2015, a net loss attributable to the Company of
$149.87 million in 2014 and a net loss attributable to the Company
of $171.73 milion in 2013.

As of Dec. 31, 2015, MGM Resorts had $25.21 billion in total
assets, $17.45 billion in total liabilities and $7.76 billion in
total stockholders' equity.

                           *     *     *

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

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

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

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


MGM RESORTS: Revises Supplemental Guarantor Financial Information
-----------------------------------------------------------------
MGM Resorts International filed a Current Report on Form 8-K with
the Securities and Exchange Commission to revise supplemental
guarantor financial information provided pursuant to Rule 3-10 of
Regulation S-X within its Annual Report on Form 10-K for the year
ended Dec. 31, 2015, which was originally filed with the Securities
and Exchange Commission on Feb. 29, 2016.

The Company's condensed consolidating balance sheet as of Dec. 31,
2015, and 2014 and the condensed consolidating statements of
operations and comprehensive income and cash flows for the years
ended Dec. 31, 2015, 2014, and 2013 included in Note 18 to the
notes to consolidated financial statements in the Annual Report
have been retrospectively adjusted to reflect the transactions that
occurred between entities under common control.  Accordingly, the
real estate assets and associated operations in all periods
included in Note 18 in the Annual Report were reclassified to
conform to the current organizational structure.

On April 25, 2016, MGM Growth Properties LLC, a subsidiary of the
Company, completed its initial public offering of 57,500,000 of its
Class A shares representing limited liability company interests
(inclusive of the full exercise by the underwriters of their option
to purchase 7,500,000 Class A shares) at an initial offering price
of $21 per share.  In connection with the IPO, the Company and MGP
entered into a series of transactions and several agreements that,
among other things, set forth the terms and conditions of the IPO
and provide a framework for the Company’s relationship with MGP.
MGP is organized as an umbrella partnership REIT (commonly referred
to as an "UPREIT") structure in which substantially all of its
assets and substantially all of its businesses are conducted
through its operating partnership subsidiary, MGM Growth Properties
Operating Partnership LP (the "Operating Partnership").  MGP
contributed the proceeds from the IPO to the Operating Partnership
in exchange for 26.7% of the units in the Operating Partnership.

Pursuant to a master contribution agreement by and between the
Company, MGP and the Operating Partnership, the Company contributed
the real estate assets of The Mirage, Mandalay Bay, Luxor, New
York-New York, Monte Carlo, Excalibur, the Park, Gold Strike
Tunica, MGM Grand Detroit and Beau Rivage to newly formed
subsidiaries and subsequently transferred 100% ownership interest
in such subsidiaries to the Operating Partnership in exchange for
Operating Partnership units in the Operating Partnership on the
closing date of the IPO.  Concurrently, pursuant to a master lease
agreement by and between a subsidiary of the Company (the "Tenant")
and a subsidiary of the Operating Partnership (the "Landlord"), the
Tenant has leased the contributed real estate assets from the
Landlord.

All other information in the Annual Report remains unchanged.  

Separately, MGM Resorts filed a Current Report on Form 8-K to
revise supplemental guarantor financial information provided
pursuant to Rule 3-10 of Regulation S-X within its Quarterly Report
on Form 10-Q for the quarterly period ended March 31, 2016, which
was originally filed with the Securities and Exchange Commission on
May 6, 2016.

                    About MGM Resorts

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

MGM Resorts reported a net loss attributable to the Company of
$447.72 million in 2015, a net loss attributable to the Company of
$149.87 million in 2014 and a net loss attributable to the Company
of $171.73 milion in 2013.

As of Dec. 31, 2015, MGM Resorts had $25.21 billion in total
assets, $17.45 billion in total liabilities and $7.76 billion in
total stockholders' equity.

                           *     *     *

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

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

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

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


MOBIVITY HOLDINGS: Incurs $996,000 Net loss in Second Quarter
-------------------------------------------------------------
Mobivity Holdings Corp. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $996,000 on $2.07 million of revenues for the three months ended
June 30, 2016, compared to a net loss of $1.32 million on $1.09
million of revenues for the same period during the prior year.

For the six months ended June 30, 2016, the Company reported a net
loss of $2.35 million on $3.91 million of revenues compared to a
net loss of $3.05 million on $2.03 million of revenues for the six
months ended June 30, 2015.

As of June 30, 2016, Mobivity had $8.78 million in total assets,
$2.84 million in total liabilities and $5.93 million in total
stockholders' equity.

As of June 30, 2016, the Company had current assets of $3.096
million, including $1.036 million in cash, $1.00 million in
restricted cash and current liabilities of $2.62 million, resulting
in working capital of $475,000.

As of Aug. 15, 2016, the Company believes it has working capital on
hand to fund its current level of operations at least through the
end of the year.   However, there can be no assurance that it will
not require additional capital.

"If we require additional capital, we will seek to obtain
additional working capital through the sale of our securities and,
if available, bank lines of credit.  However, there can be no
assurance we will be able to obtain access to capital as and when
needed and, if so, the terms of any available financing may not be
subject to commercially reasonable terms," the Company stated in
the report.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/1jlkl9

                      About Mobivity Holdings

Mobivity Holdings Corp. was incorporated as Ares Ventures
Corporation in Nevada in 2008.  On Nov. 2, 2010, the Company
acquired CommerceTel, Inc., which was wholly-owned by CommerceTel
Canada Corporation, in a reverse merger.  Pursuant to the Merger,
all of the issued and outstanding shares of CommerceTel, Inc.,
common stock were converted, at an exchange ratio of 0.7268-for-1,
into an aggregate of 10,000,000 shares of the Company's common
stock, and CommerceTel, Inc., became a wholly owned subsidiary of
the Company.  In connection with the Merger, the Company changed
its corporate name to CommerceTel Corporation on Oct. 5, 2010.
In connection with the Company's acquisition of assets from
Mobivity, LLC, the Company changed its corporate name to Mobivity
Holdings Corp. and its operating company to Mobivity, Inc, on
Aug. 23, 2012.

Mobivity reported a net loss of $6.13 million on $4.61 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $10.44 million on $4 million of revenues for the year ended Dec.
31, 2014.


NATIONAL CINEMEDIA: Prices Offering of $250M 5.75% Senior Notes
---------------------------------------------------------------
National CineMedia, LLC, and National CineMedia, Inc. (NASDAQ:
NCMI), the managing member and owner of 43.6% of NCM LLC, announced
that NCM LLC has priced its private placement $250 million
aggregate principal amount of 5.75% Senior Notes due 2026. The
private placement of the Notes is expected to close on Friday, Aug.
19, 2016, subject to certain closing conditions.  The Notes will be
senior unsecured obligations of NCM LLC, and will bear interest at
a fixed rate.

NCM LLC intends to use the net proceeds from the proposed offering
to finance the redemption of its $200 million Senior Notes due 2021
and to pay related fees and expenses.  Any remaining net proceeds
will be used for general corporate purposes, including the
repayment of any outstanding balances under NCM LLC's revolving
credit facility.

The Notes have not been registered under the Securities Act of
1933, as amended, or applicable state securities laws and may not
be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act and applicable state securities laws.  NCM LLC plans
to offer and sell the Notes only to qualified institutional buyers
pursuant to Rule 144A under the Securities Act and to persons
outside the United States pursuant to Regulation S under the
Securities Act.

                    About National CineMedia

National CineMedia, Inc., is the holding company of National
CineMedia, LLC.  NCM LLC operates the largest digital in-theatre
network in North America, allowing NCM to distribute advertising,
Fathom entertainment programming events and corporate events under
long-term exhibitor services agreements with American Multi-Cinema
Inc., a wholly owned subsidiary of AMC Entertainment Inc.; Regal
Cinemas, Inc., a wholly owned subsidiary of Regal Entertainment
Group; and Cinemark USA, Inc., a wholly owned subsidiary of
Cinemark Holdings, Inc.  NCM LLC also provides such services to
certain third-party theater circuits under "network affiliate"
agreements, which expire at various dates.

For the year ended Dec. 31, 2015, the Company reported net income
attributable to the Company of $15.4 million on $447 million of
revenue compared to net income of $13.4 million on $394 million of
revenue for the year ended Jan. 1, 2015.

As of June 30, 2016, National Cinemedia had $1.04 billion in total
assets, $1.21 billion in total liabilities, and a $166 million
total deficit.

                       *     *     *

As reported by the TCR on March 24, 2011, Standard & Poor's
Ratings Services raised its corporate credit ratings on
Centennial, Colorado-based National CineMedia Inc. and
operating subsidiary National CineMedia LLC (which S&P analyzes on
a consolidated basis) to 'BB-' from 'B+'.  "The 'BB-' corporate
credit rating reflects S&P's expectation that NCM's EBITDA growth
will enable the company to continue to de-lever over the
intermediate term despite its aggressive dividend policy," said
Standard & Poor's credit analyst Jeanne Shoesmith.


NATIONAL CINEMEDIA: Proposes Private Offering of $250M Notes
------------------------------------------------------------
National CineMedia, LLC and National CineMedia, Inc. (NASDAQ:
NCMI), the managing member and owner of 43.6% of NCM LLC, announced
that NCM LLC plans to offer in a private placement $250 million
aggregate principal amount of Senior Notes due 2026.  The Notes
will be senior unsecured obligations of NCM LLC, and will bear
interest at a fixed rate.

NCM LLC intends to use the net proceeds from the proposed offering
to finance the redemption of its $200 million Senior Notes due 2021
and to pay related fees and expenses.  Any remaining net proceeds
will be used for general corporate purposes, including the
repayment of a portion of outstanding borrowings under NCM LLC's
revolving credit facility.

The Notes have not been registered under the Securities Act of
1933, as amended, or applicable state securities laws and may not
be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act and applicable state securities laws.  NCM LLC plans
to offer and sell the Notes only to qualified institutional buyers
pursuant to Rule 144A under the Securities Act and to persons
outside the United Sates pursuant to Regulation S under the
Securities Act.

                   About National CineMedia

National CineMedia, Inc., is the holding company of National
CineMedia, LLC.  NCM LLC operates the largest digital in-theatre
network in North America, allowing NCM to distribute advertising,
Fathom entertainment programming events and corporate events under
long-term exhibitor services agreements with American Multi-Cinema
Inc., a wholly owned subsidiary of AMC Entertainment Inc.; Regal
Cinemas, Inc., a wholly owned subsidiary of Regal Entertainment
Group; and Cinemark USA, Inc., a wholly owned subsidiary of
Cinemark Holdings, Inc.  NCM LLC also provides such services to
certain third-party theater circuits under "network affiliate"
agreements, which expire at various dates.

For the year ended Dec. 31, 2015, the Company reported net income
attributable to the Company of $15.4 million on $447 million of
revenue compared to net income of $13.4 million on $394 million of
revenue for the year ended Jan. 1, 2015.

As of June 30, 2016, National Cinemedia had $1.04 billion in total
assets, $1.21 billion in total liabilities, and a $166 million
total deficit.

                       *     *     *

As reported by the TCR on March 24, 2011, Standard & Poor's
Ratings Services raised its corporate credit ratings on
Centennial, Colorado-based National CineMedia Inc. and
operating subsidiary National CineMedia LLC (which S&P analyzes on
a consolidated basis) to 'BB-' from 'B+'.  "The 'BB-' corporate
credit rating reflects S&P's expectation that NCM's EBITDA growth
will enable the company to continue to de-lever over the
intermediate term despite its aggressive dividend policy," said
Standard & Poor's credit analyst Jeanne Shoesmith.


NEONODE INC: To Raise $8.7 Million in Private Placement
-------------------------------------------------------
Neonode Inc. has entered into definitive agreements with
institutional and accredited investors for the private placement of
$8.7 million of Neonode's common stock and common stock warrants.

Pursuant to the terms of the private placement, Neonode has agreed
to sell an aggregate total of 8,627,352 shares of common stock.  Of
this amount, $8.2 million will be sold at a price of $1.00 per
share to outside investors and an aggregate of $500,000 will be
sold at a price of $1.17 per share to Thomas Eriksson, chief
executive officer of Neonode, and Remo Behdasht, SVP AirBar Devices
at Neonode.

Certain outside investors whose purchase of shares would make them
the beneficial owners of more than 9.99% of Neonode's outstanding
common stock will purchase pre-funded warrants in lieu of common
stock.  These pre-funded warrants for outside investors are
included in the aggregate share total above.

Additionally, for all investors in the private placement including
Mr. Eriksson and Mr. Behdasht, Neonode will issue warrants to
purchase an aggregate of 4,313,676 shares of common stock at an
exercise price of $1.12 per share that will expire five and
one-half years from the date on which the warrants are issued and
are non-exercisable for the first six months.  If the warrants are
fully exercised, Neonode will receive an additional $4.8 million.

The closing of the private placement offering is subject to the
satisfaction of customary closing conditions.

Craig-Hallum Capital Group LLC is acting as exclusive placement
agent in connection with the offering.

The securities sold in the private placement have not been
registered under the Securities Act of 1933, as amended, or state
securities laws and may not be offered or sold in the United States
absent registration with the Securities and Exchange Commission
(SEC) or an applicable exemption from such registration
requirements.

                    About Neonode Inc.
           
Lafayette, Calif.-based Neonode Inc. (OTC BB: NEON)
-- http://www.neonode.com/-- provides optical touch screen
solutions for hand-held and small to midsize devices.

Neonode reported a net loss attributable to the Company of
$7.82 million on $11.11 million of net revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to the Company
of $14.23 million on $4.74 million of net revenues for the year
ended Dec. 31, 2014.

As of June 30, 2016, Neonode had $3.81 million in total assets,
$4.69 million in total liabilities and a $878,000 total
stockholders' deficit.


NEOVASC INC: $70-Mil. Litigation Award Raise Going Concern Doubt
----------------------------------------------------------------
Neovasc Inc. filed with the Securities and Exchange Commission its
quarterly report on Form 6-K disclosing a net loss of $83.69
million on $1.71 million of revenue for the three months ended June
30, 2016, compared to a net loss of $6.75 million on $2.93 million
of revenue for the same period in 2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $94.57 million on $3.72 million of revenue, compared to a
net loss of $11.71 million on $5.23 million of revenue for the same
period in the prior year.

As of June 30, 2016, Neovasc had $44.45 million in total assets,
$75.81 million in total liabilities and a total stockholders'
equity of -$31.35 million.

As at June 30, 2016, the Company had $36,277,793 in cash and cash
equivalents.  On May 19, 2016, following a trial in Boston,
Massachusetts, a jury awarded $70 million on certain trade secret
claims made by CardiAQ Valve Technologies, Inc. ("CardiAQ"). Unless
the Company is successful in post-trial motions and/or an appeal of
the verdict, or otherwise is successful in reducing the amount of
the $70 million award, the Company will require significant
additional financing in order to pay the damages and to continue to
operate its business.  There can be no assurance that such
financing will be available on favorable terms, or at all.

A copy of the Form 6-K is available at:

                      http://bit.ly/2aM0ecu

                          About Neovasc

Based in Richmond, BC, Canada, Neovasc Inc. is a specialty medical
company that develops, manufactures and markets cardiovascular
products.  The Company's main product is the Tiara, a transcatheter
mitral valve device used to treat mitral valve disease.  The Tiara,
which the Company started developing in the second quarter of 2011,
can be implanted through minimally invasive surgery to individuals
who experience mitral regurgitation as a result of mitral heart
valve disease.


NET ELEMENT: Doubts Ability to Continue as Going Concern
--------------------------------------------------------
Net Element, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $5.38 million on $13.7 million of total revenues for the three
months ended June 30, 2016, compared to a net loss of $1.77 million
on $6.90 million of total revenues for the three months ended June
30, 2015.

As of June 30, 2016, Net Element had $22.1 million in total assets,
$15.1 million in total liabilities, and $6.97 million in total
stockholders' equity.

The Company sustained a net loss of approximately $7.3 million for
the six month period ended June 30, 2016, an accumulated deficit of
$151.1 million and negative working capital of $4.0 million at June
30, 2016.  These conditions raise substantial doubt about our
ability to continue as a going concern.

Daszkal Bolton LLP's reports on the Company's consolidated
financial statements for the years ended Dec. 31, 2015 contained an
explanatory paragraph expressing substantial doubt as to the
Company's ability to continue as a going concern.

"We are continuing with our plan to further grow and expand our
payment processing operations in emerging markets, particularly in
Russia and surrounding countries.  Management believes that its
current operating strategy will provide the opportunity for us to
continue as a going concern as long as we are able to obtain
additional financing; however, there is no assurance this will
occur," the Company stated in the report.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/tR7Cu9

                     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 $13.3 million on $40.2 million
of total revenues for the year ended Dec. 31, 2015, compared to a
net loss of $10.2 million on $21.4 million of total revenues for
the year ended Dec. 31, 2014.


NET ELEMENT: Reports Second Quarter 2016 Results
------------------------------------------------
Net Element, Inc., reported financial results for the second
quarter ended June 30, 2016 and provided an update on recent
strategic and operational initiatives.

For second quarter ended June 30, 2016, net revenues increased 98%
to $13,692,848 as compared to $6,906,916 in the prior year.  The
$6,785,932 increase in net revenues is primarily due to growth in
the Company's three segments: (1) North America Transaction
Solution segment, (2) Mobile Solutions segment and (3) Online
Solutions.

"We are pleased with our continued growth.  Our results are a
reflection of our ability to implement our business objectives,"
commented Oleg Firer, CEO of Net Element.  "We are excited about
our strategic initiatives for the remainder of the year."

The Company's combined businesses processed 41.6 million
transactions for the three months ended June 30, 2016, as compared
to 33.6 million transactions processed for the three months ended
June 30, 2015.  North America Transaction Solutions provided the
majority of the increase going from 12.4 million transactions
processed in the three months ended June 30, 2015, to 21.1 million
transactions processed for the three months ended June 30, 2016.
This was offset by a decrease of 0.9 million transactions processed
from our Mobile Solutions segment.

The Company processed $474 million in payments for the three months
ended June 30, 2016, as compared to $264 million on a constant
dollar basis for the three months ended June 30, 2015. North
America Transaction Solutions was responsible for $132 million of
the $210 million increase and Online Solutions contributed an
addition $74 million in payments processed.

The Company reported an adjusted net loss attributable to
stockholders of $1,168,998, or $0.10 per share, for the three
months ended June 30, 2016, as compared to an adjusted net loss
attributable to stockholders of $3,184,950 or $0.64 per share, for
the three months ended June 30, 2015.  The adjusted net loss
decrease of $2,015,952 was primarily due to reduced interest
expense of $845,615, higher gross margin dollars ($765,958) from
more volume and a $584,083 decrease in general and administrative
expenses.

Net revenues consist primarily of payment processing fees.  Net
revenues were $13,692,848 for the three months ended June 30, 2016
as compared to $6,906,916 for the three months ended June 30, 2015.
Included in mobile solutions revenue for the three months ended
June 30, 2016 is $1,575,140 of branded content revenue.  The
remaining $204,568 is part of service fees revenue.

The increase in net revenues is primarily a result of organic net
increases in merchants.  In addition, the Company consolidated
online payment revenues for PayOnline effective May 20, 2015, and
began reporting mobile commerce revenues for branded content in the
fourth quarter of 2015.

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

                    https://is.gd/PAH0BS

                      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 $13.3 million on $40.2 million
of total revenues for the year ended Dec. 31, 2015, compared to a
net loss of $10.2 million on $21.4 million of total revenues for
the year ended Dec. 31, 2014.

As of March 31, 2016, Net Element had $21.6 million in total
assets, $14.1 million in total liabilities and $7.55 million in
total stockholders' equity.

Daszkal Bolton LLP, in Fort Lauderdale, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has sustained
recurring losses from operations and has working capital and
accumulated deficits that raise substantial doubt about its ability
to continue as a going concern.


NIKAI PR: Hires Ruben Gonzalez as Attorney
------------------------------------------
Nikai PR, Corp., seeks authority from the U.S. Bankruptcy Court for
the District of Puerto Rico to employ Ruben Gonzalez Marrero &
Associates as attorney to the Debtor.

Nikai PR requires Ruben Gonzalez to represent the Debtor in the
bankruptcy proceeding.

Ruben Gonzalez will be paid at these hourly rates:

     Ruben Gonzalez           $275

Ruben Gonzalez will be paid the amount of $5,600 as retainer.

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

Ruben Gonzalez, member of Ruben Gonzalez Marrero & Associates,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Ruben Gonzalez can be reached at:

     Ruben Gonzalez Marrero, Esq.
     RUBEN GONZALEZ MARRERO & ASSOCIATES
     Santa Rosa
     Bayamon, P.R. 00959
     Tel: (787) 798-8600
     E-mail: rgm@microjuris.com

                       About Nikai PR

Nikai PR, Corp. filed a Chapter 11 petition (Bankr. D.P.R. Case No.
16-06097) on July 30, 2016, and is represented by Ruben Gonzalez
Marrero, Esq., at Ruben Gonzalez Marrero & Asociados.


NO PLACE LIKE HOME: Amended Plan to Pay All Creditors in Full
-------------------------------------------------------------
No Place Like Home, Inc., filed with the U.S. Bankruptcy Court for
the Western District of Tennessee its First Amended Plan of
Reorganization and Disclosure Statement on Aug. 8, 2016.

In general, the Amended Plan pays all creditors in full.  Priority
Creditors will receive payment in full following Confirmation of
the Amended Plan on or about the Effective Date.  Unsecured
Creditors -- Estimated Amount: $2,666,565 -- will receive an
initial distribution upon Confirmation of the Amended Plan and the
remaining portion of allowed claims will be paid over a maximum of
four years following Confirmation.  Unsecured Creditors will also
receive 3% interest per annum, on any unpaid balance of each
Allowed Claim, with interest accruing on the latter of the
Effective Date or date the Court orders the allowance of such
Allowed Claim.

The Amended Plan also provides for ownership of the business to be
retained by the
current equity holder.  

A copy of the First Amended Disclosure Statement is available at:

         http://bankrupt.com/misc/tnwb15-31133-0230.pdf

The Company is represented by:

     E. Franklin Childress, Jr., Esq.
     M. Ruthie Hagan, Esq.
     BAKER, DONELSON, BEARMAN CALDWELL & BERKOWITZ, PC
     165 Madison Avenue, Suite 2000
     Memphis, TN 38103
     Tel: (901) 577-2147
     Fax: (901) 577-0845
     E-mail: fchildress@bakerdonelson.com

                    About No Place Like Home

No Place Like Home, Inc., based in Collierville, Tenn., filed a
Chapter 11 petition (Bankr W.D. Tenn. Case No. 15-31133) on Nov.
20, 2015.  Hon. David S. Kennedy presides over the case.  E.
Franklin Childress, Jr., Esq., and M. Ruthie Hagan, Esq., at
Baker,
Donelson, Bearman, Caldwell & Berkowitz P.C., serve as counsel to
the Debtor.  In its petition, the Debtor estimated $1 million to
$10 million in assets and liabilities.  The petition was signed by
John Flood, president.


NO PLACE LIKE HOME: Glasper Objects to Exit Plan
------------------------------------------------
Derrick Glasper filed an objection to the disclosure statement
explaining the Plan of Reorganization of No Place Like Home, Inc.,
citing these deficiencies:

     -- Misclassification of Claims

The Debtor's Disclosure Statement and Plan identify a special Class
2 of unsecured claims of under $3,000. The Plan provides for
preferential treatment of these creditors although there is no
indication that they are not similar to the Class 3 of General
Unsecured Claims.  The plan proponent must present a reasonable
justification for such separately classifying claims that are
substantially similar.

     -- Release of personal liability of the Floods

At the heart of the Debtor's Plan is a requirement the creditors
agree to release John and Mary Flood from any personal liability on
the wage claims.  While the Floods propose to make a one-time
$900,000 payment to the Plan, they do not attempt in the Disclosure
Statement to analyze the appropriateness of this amount for the
payment of unsecured creditors' claims other than to state that it
is the number the Floods are willing to pay for these releases.
The Floods' potential liability is in excess of $3.6 million.
Without further analysis of the risks involved, creditors have no
way to make an informed decision on whether this is a good
settlement or not.

     -- Other alternatives

The Disclosure Statement should include information about whether
or not a plan is even necessary under the circumstances. For
example, the Disclosure Statement does not adequately describe the
possibility of a Sec. 363 sale of the NPLH business as a "going
concern" or a sale outside of bankruptcy which would allow the
creditors to be paid in full with interest without delay and retain
the additional security of possible claims against the Floods. It
is also possible that the Debtor could receive financing for
distributions to creditors by pledging accounts receivable to a
secured lender outside of bankruptcy. The Disclosure Statement
clearly suggests that the company is solvent and capable of a more
advantageous distribution to its creditors than provided in the
Plan.

     -- Risks of non-payment

The way the Plan and Disclosure Statement are written, it is
unclear what happens to the creditors if the Plan fails to meet the
benchmarks, but it does make clear that Mary Flood will retain
ownership of the company even if these benchmarks are not made. The
possibility exists that, at the end of the four years, creditors
will still be owed money but Mary Flood will be able to continue
ownership of a profitable business and escape full payment to the
Debtor's creditors.

     -- Evaluation of retained equity

To the extent that Mary Flood seeks retention of ownership, even if
the Plan fails, that retention would violate the "absolute priority
rule," and cannot be crammed down on a dissenting class of
creditors.  The Disclosure Statement indicates that the monies
being paid by the Floods through the Plan are for releases that
they are receiving as consideration for the creditors abstaining
from seeking redress against the Floods personally, and there is no
mention as to whether these monies are for "new value," although
the Plan provides for new stock to be issued to the Floods which
would imply new capital rather than a payment for releases.
Bankruptcy courts often condition the allowance of shareholders to
retain ownership based upon their contribution of "new value."
There is no evaluation of the equity in the company in the
Disclosure Statement, other than the liquidation analysis, which
does not take into consideration the going concern value of the
company or the ability of the Debtor or a trustee to preserve that
equity for the creditors.

     -- Liquidation analysis

The Debtor misrepresented the collectability of receivables in the
unlikely situation that liquidation would involve cessation of the
business. The discounts in collection of receivables are vastly
overestimated. This is true especially in light of the Debtor's
improved collection procedures since the filing of the Petition and
the general history of collection of accounts receivable, most of
which is from governmental entities and insurance companies, and
whose payment is virtually assured if the paperwork for collection
is timely and accurately processed. Moreover, the liquidation
analysis assumes that any liquidating trustee appointed in the case
to collect receivables would not be in a position to hire the
existing employees or other experts in accounts receivable
collection, to continue with the company's current successes in
collecting receivables.  There is no explanation of the possibility
of a liquidating trustee operating the company as a going concern
either in a Chapter 7 or as a trustee in the existing Chapter 11.

     -- Continuing salaries

The Debtor's Disclosure Statement provides inadequate and
misleading information regarding the prOposed salaries of officers,
particularly Mrs. Flood, who will be retained at full salary of
$180,000.00 per year when she has virtually retired from management
and provides little or no service to the company on an ongoing
basis other than to receive distributions as an owner. For all
practical purposes, the $180,000.00 salary would be a distribution
to an owner ahead of unsecured creditors and in violation of the
"absolute priority rule."

     -- Interest

The existing Plan does not provide for interest on claims of
creditors in violation of the absolute priority rule. It is
anticipated that the Plan will be modified to include interest from
and after confirmation at 3% interest. To date, there is no
information relating to how the 3% was calculated or if it
adequately takes into consideration the risk of nonpayment as well
as deferred compensation. In a solvent estate, that interest should
run from at least the filing of the bankruptcy petition in order
not to violate the absolute priority rule. Any payment of interest
should be applicable not only to the unsecured creditors whose
payments are to be deferred, but also to priority creditors whose
payments have been deferred post-petition until confirmation, and
to contingent claims. Calculation of that interest should be taken
into consideration in estimating future payment requirements of the
Debtor.

     -- Avoidance actions

Theh Debtor has provided an inadequate analysis of certain possible
assets, including avoidance actions under state and federal law.
There were numerous conveyances by way of distributions to the
Floods in the four-year period prior to the filing of the petition
when there was inadequate capital in the company to cover
contingent liabilities, such as wage claims. Recovery of these
claims against the Floods could be available to pay creditors much
faster than the proposed deferred payments. The amount of such
transfers
should be disclosed.

Glasper is represented by:

     David J. Cocke, Esq.
     Evans Petree PC
     1000 Ridgeway Loop Road, Suite 200
     Memphis, TN 38120
     Tel: (901) 525-6781

                    About No Place Like Home

No Place Like Home, Inc., based in Collierville, Tenn., filed a
Chapter 11 petition (Bankr W.D. Tenn. Case No. 15-31133) on Nov.
20, 2015.  Hon. David S. Kennedy presides over the case.  E.
Franklin Childress, Jr., Esq., and M. Ruthie Hagan, Esq., at
Baker,
Donelson, Bearman, Caldwell & Berkowitz P.C., serve as counsel to
the Debtor.  In its petition, the Debtor estimated $1 million to
$10 million in assets and liabilities.  The petition was signed by
John Flood, president.


NORMAN EDWARD MCMAHON: Unsecureds to be Paid 50% under Plan
-----------------------------------------------------------
Norman Edward McMahon filed a Chapter 11 plan and disclosure
statement on Aug. 8, 2016.

The Debtor's Plan of Reorganization contains eight classes.  Class
1 is all priority Claims. Classes Two through Six are classes which
each contain a separate secured claim, namely the respective
secured claims of NCM; Wells Fargo Home Mortgage; ESSA; US Bank, as
Custodian for PFS Financial I, LLC; and Benjamin Burrows.  Class 7
is the priority portion of the claim of the Pennsylvania Department
of Revenue.  Class 8 is the residual class of unsecured creditors.


Under the Plan, unsecured creditors will be paid 50% on the
effective date from proceeds from operation of the Debtor's
business.

Unsecured claims total approximately $25,000, including the
approximately $20,000 contested claim of the Debtor's prior
bankruptcy counsel.

A copy of the Disclosure Statement is available at:

         http://bankrupt.com/misc/paeb16-11874-0059.pdf

Norman Edward McMahon filed a Chapter 13 bankruptcy petition
(Bankr. E.D. Penn. Case No. 16-11874) on March 18, 2016.  The case
was later converted to Chapter 11.  The Debtor is the owner and
president of Payall Solutions, LLC, a payroll processing firm.  The
Debtor is represented by:

     DAVID A. SCHOLL, Esq.
     512 Hoffman Street
     Philadelphia, PA 19148
     Tel: 610-550-1765


NORTHERN OIL: Sacks CEO Over Alleged Securities Act Violation
-------------------------------------------------------------
Northern Oil and Gas, Inc., announced that Michael L. Reger has
been terminated as Northern's chief executive officer and has
ceased being a member of Northern's Board of Directors, effective
Aug. 16, 2016.

Thomas W. Stoelk has been named interim chief executive officer.
Mr. Stoelk has served in several executive positions in the oil and
gas industry over the last 25 years and has been Northern's Chief
Financial Officer since December 2011.  Prior to joining Northern,
Mr. Stoelk served as the vice president of finance and chief
financial officer at Superior Well Services, Inc. from 2005 to
2011, as the chief financial officer of Great Lakes Energy
Partners, LLC from 1999 to 2005 and as the senior vice president of
Finance and Administration for Range Resources Corporation from
1994 to 1999.  Chad Allen, Northern's existing corporate
controller, has been named to the position of chief accounting
officer.  Chad has over 10 years of public accounting experience
with firms servicing public companies.

"Since joining Northern in 2011, Tom Stoelk has done an
extraordinary job of overseeing the financial and administrative
functions of the company and has successfully implemented our
disciplined capital allocation protocols, which have benefited the
company greatly over the last few years," stated Richard D. Weber,
Chairman of the Board of Directors.  "Tom and the rest of the team
at Northern have the full support and confidence of the Board to
continue executing our proven strategy of acquiring and producing
non-operated oil and gas interests in the Bakken Shale."

In light of the challenges of operating in a lower commodity price
environment, Northern's Board has been evaluating strategic
alternatives to increase shareholder value.  To that end, the
company engaged Tudor, Pickering, Holt & Co. as its financial
advisor.  "We are committed to positioning Northern to take
advantage of opportunities for growth in an industry that is
beginning to emerge from the worst commodity price correction in
the last thirty years," stated Mr. Stoelk.  "We are fortunate to
maintain access to over $220 million of unused capacity under our
senior secured revolving credit facility and don't face a bond
maturity until 2020."  There can be no assurance that the review of
strategic alternatives will result in a transaction. Northern does
not intend to comment further regarding the evaluation of strategic
alternatives.

As previously disclosed, the Company has cooperated with the
Securities and Exchange Commission in connection with an ongoing
investigation of 2012 trading patterns in the securities of Dakota
Plains Holdings, Inc.  Mr. Reger was an initial investor in Dakota
Plains in 2008.

In connection with that investigation, on Aug. 11, 2016, Mr. Reger
notified the Company that he had received a "Wells Notice" from the
Staff of the SEC.  The Wells Notice stated that the Staff has made
a preliminary determination to recommend that the SEC institute an
enforcement action against Mr. Reger, alleging violations of
certain federal securities laws, including Section 10(b) of the
Securities Exchange Act of 1934 and Rule 10b-5 thereunder.  The
Wells Notice is neither a formal allegation nor a finding of
wrongdoing.  It allows the subject of the Wells Notice the
opportunity to provide reasons of law, policy or fact as to why the
proposed enforcement action should not be filed and to address the
issues raised by the Staff before any decision is made by the SEC
on whether to authorize the commencement of an enforcement
proceeding.

The Company said it has never owned any interest in Dakota Plains.
Based on the information available to it, the Company does not
believe that it, or any conduct by the Company, is the focus of any
investigation by a governmental agency regarding this matter.  The
Company has fully cooperated with the SEC in this matter and
intends to continue to do so.

                      About Northern Oil

Northern Oil and Gas, Inc. is an exploration and production company
with a core area of focus in the Williston Basin Bakken and Three
Forks play in North Dakota and Montana.  More information about
Northern Oil and Gas, Inc. can be found at
http://www.NorthernOil.com/   

Northern Oil reported a net loss of $975 million in 2015 following
net income of $164 million in 2014.

As of June 30, 2016, Northern Oil had $465.38 million in total
assets, $895.18 million in total liabilities and a $429.79 million
total stockholders' deficit.


O'BAR DEVELOPMENT: Court OKs Use of Cash Until Confirmation
-----------------------------------------------------------
Judge Melvin S. Hoffman of the U.S. Bankruptcy Court for the
District of Massachusetts authorized O'Bar Development, Inc.'s use
of cash collateral through the date of the hearing of the
confirmation of the Debtor's Second Amended plan.

The Debtor was directed to file a proposed Order on or before
August 12, 2016.


A full-text copy of the Order dated August 9, 2016 is available at
https://is.gd/8I59eY


OCULUS INNOVATIVE: Needs More Capital to Continue as Going Concern
------------------------------------------------------------------
Oculus Innovative Sciences, Inc., filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q,
disclosing a net loss of $2.57 million on $3.81 million of total
revenues for the three months ended June 30, 2016, compared with a
net loss of $2.34 million on $3.68 million of total revenues for
the same period in 2015.

The Company's balance sheet at June 30, 2016, showed $11.32 million
in total assets, $3.57 million in total liabilities, and
stockholders' equity of $7.75 million.

The Company reported a net loss of $2,568,000 for the three months
ended June 30, 2016.  At June 30, 2016 and March 31, 2016, the
Company's accumulated deficit amounted to $154,943,000 and
$152,375,000, respectively.  The Company had working capital of
$6,965,000 and $9,337,000 as of June 30, 2016 and March 31, 2016,
respectively.  The Company expects to continue incurring losses for
the foreseeable future and may need to raise additional capital to
pursue its product development initiatives, penetrate markets for
the sale of its products and continue as a going concern.  

Management believes that the Company has access to additional
capital resources through possible public or private equity
offerings, debt financing, corporate collaborations or other means;
however, the Company cannot provide any assurance that other new
financing will be available on commercially acceptable terms, if
needed.  If the economic climate in the U.S. deteriorates, the
Company's ability to raise additional capital could be negatively
impacted.  If the Company is unable to secure additional capital,
it may be required to curtail its research and development
initiatives and take additional measures to reduce costs in order
to conserve its cash in amounts sufficient to sustain operations
and meet its obligations.  These measures could cause significant
delays in the Company's efforts to commercialize its products,
which is critical to the realization of its business plan and the
future operations of the Company.  These matters raise substantial
doubt about the Company's ability to continue as a going concern.

A copy of the Form 10-Q is available at:
                              
                       http://bit.ly/2b7qX1i
                          
                 About Oculus Innovative Sciences

Oculus Innovative Sciences, Inc. -- http://www.oculusis.com/-- is
a specialty pharmaceutical company dedicated to identifying,
developing and commercializing unique, affordable differentiated
therapies to improve the lives of patients with dermatologic
diseases or conditions.  The Company's products, which are sold
throughout the United States and internationally, have improved
patient outcomes for more than five million patients globally by
treating and reducing certain topical skin diseases including acne,
atopic dermatitis, scarring, infections, itch, pain and harmful
inflammatory responses.  Oculus Innovative Sciences is currently
focusing on the development and commercialization of therapeutic
solutions in medical dermatology to treat or reduce skin
conditions, such as acne, atopic dermatitis and scarring.



OI SA: Felsberg Avogados, Morrison & Foerster Joins Deal Team
-------------------------------------------------------------
ACGM, Integra Associados, Felsberg Advogados, Morrison & Foerster,
Joao Cox (former CEO of Claro Brasil) and Mario Cesar Araujo
(former CEO of TIM) (the "Team") on Aug. 18, 2016, disclosed that
they are working together on a financial and operational
restructuring plan in respect of the Brazilian telecommunications
company Oi S.A ("Oi" or the "Company").

Oi, one of the largest players in the Brazilian Telecom market,
with over 70 million customers and more than 15,000 employees,
filed for judicial recovery ("JR") before a court in Rio de Janeiro
on June 20, 2016.  The Company, which is burdened by debt with a
face-value in excess of US$18 billion, must now present a
restructuring plan to the bankruptcy court and have it approved by
a majority of creditors.

The Team encompasses a seasoned group of restructuring
practitioners, including legal and financial experts who have
experience in the wide-range of jurisdictions relevant to the Oi
restructuring such as Brazil, the U.S., the UK and the Netherlands.
Thomas Felsberg, founding partner of Felsberg Advogados, one of
the most prominent bankruptcy and restructuring lawyers in Brazil,
has assisted in the development of the current Brazilian bankruptcy
and restructuring law.  Along with Mr. Felsberg, skilled
restructuring partners Paulo Campana, Fabiana Solano and a
multidisciplinary team comprised of partners and associates with a
wide expertise in insolvency, corporate, regulatory and litigation
matters will provide assistance in all matters related to Brazilian
law.  The Team is complemented by multiple lawyers from Morrison &
Foerster, which has one of the strongest business restructuring and
insolvency groups in the legal industry, having advised on many of
the most complex matters.  Morrison & Foerster lawyers on the team
include the Hon. James Peck, a former United States Bankruptcy
Judge for the Southern District of New York, as well as Sonya Van
de Graaff and Peter Declercq, both highly recognized global
restructuring and insolvency lawyers who provide comprehensive
counsel to distressed investors and represent formal and ad hoc
creditor groups.

Particularly important to the success of the Team's plan will be
the operational restructuring, which leverages the expertise of
former telecom CEOs Joao Cox and Mario Cesar Araujo.  During Joao's
tenure as CEO of Claro Brazil (controlled by America Movil, and the
third largest mobile operator in Brazil), EBITDA rose from minus
R$300 million to R$3.3 billion.  Mario's tenure as the CEO of TIM
(controlled by Telecom Italia, and the second largest mobile
operator in Brazil) was marked by a rise in the price of the firm's
ADRs from US$7.13 to US$39.65.  The combined expertise of Joao and
Mario is further enhanced by the turnaround expertise of Integra
Associados.  The Sao Paulo based firm of the leading Brazilian
restructuring specialist Renato Carvalho Franco, has worked on some
of the largest Brazilian restructurings to date, including Eneva
(former MPX) and Parmalat.

New York based investment banking boutique ACGM, working alongside
Integra Associados, has focused on the financial and capital
markets aspects of the plan.  ACGM's CEO Carlos Abadi has been
involved in numerous international restructuring transactions,
including the Refco bankruptcy resolution and the settlement of
claims related to Allied Irish Bank. In 2013 ACGM worked on the
first ever pre-packaged chapter 11 debt restructuring in Latin
America – Newland International Properties, Corp.

The Team seeks constructive, non-adversarial dialogue with the
Company and other stakeholders, in order to deliver a successful
restructuring of Oi.  The plan recognizes the importance of Oi
within the Brazilian telecommunications sector and the wider
economy.  Although Oi faces major challenges, the Team also
understands the company's strengths and growth potential.

                    About Integra Associados

Integra Associados is a Brazilian consultancy firm rendering
advisory services on planning and implementing corporate change,
including restructurings, with an experienced and hands-on team.
Integra was founded in 2003 by Renato Carvalho Franco, former M&A
director at Bank of America and CEO of Telesystem International
Wireless in Brazil.  During the last 10 years Integra has
participated in several restructuring projects, with more than R$
15 Bn in debt restructurings in Brazil.  Integra has advised
clients in several sectors including energy, food and beverages,
auto parts forging and casting, services outsourcing, chemical
distribution, wholesale distribution chains, sugar and ethanol, and
consumer electronics, among others.  The Integra team is comprised
of a group of experienced professionals and associates with solid
backgrounds in high-level company management, restructuring and
corporate finance.

                   About Morrison & Foerster

Morrison & Foerster is a global firm of exceptional credentials.
Its clients include some of the largest financial institutions,
investment banks, Fortune 100, and technology and life sciences
companies.  The Financial Times has named the firm in its lists of
most innovative law firms in North America and Asia every year that
it has published its Innovative Lawyers Reports in those regions.

In the past few years, Chambers USA has honored MoFo's Bankruptcy
and IP teams with Firm of the Year awards, the Corporate/M&A team
with a client service award, and the firm as a whole as Global USA
Firm of the Year.

Morrison & Foerster's Business Restructuring & Insolvency Group has
one of the strongest practices in the industry and has advised on
many of the most complex matters in recent years.  Some of MoFo's
team members' most recent high-profile cases include representing:

   -- The Dutch liquidator of the Dutch finance company OSX Leasing
Group B.V., a group company in Brazilian OSX Brasil S.A.

   -- An ad hoc group of noteholders in the insolvencies of Lehman
Brothers Treasury Company B.V. in the Netherlands and Lehman
Brothers Holdings Inc. in the U.S.

   -- The creditors' committee in the chapter 11 case of Energy
Future Holdings

   -- The winding-up board of LBI (formerly Landsbanki) through its
cross-border restructuring and its filed composition.

                       About Felsberg Advogados

Felsberg Advogados is a Brazilian full-service law firm with
experience in complex business transactions, such as project
finance transactions, corporate restructurings, and mergers and
acquisitions, and a tradition of exceptional quality and personal
service.

Well-known for its work in global transactions, Felsberg Advogados
has a dynamic team of professionals with extensive international
exposure, including working with foreign parties and issues and
sensitive to foreign cultural matters in negotiations and
transactions.

Felsberg Advogados is particularly known as one of the top tier law
firms for matters related to insolvency and restructuring.  The
firm is representing or has represented debtors, creditors and
investors in some of the highest profile cases filed in Brazil,
such as Parmalat, Rede Energia, OGX/OSX, OAS and Sete Brasil.

                           About ACGM

Founded in 1991, ACGM -- http://www.acgm.com-- is an investment
banking boutique which specializes in three core areas, Emerging
Markets, Financial Institutions and Restructuring & Special
Situations.  ACGM's team works on a range of transactions,
including: Mergers & Acquisitions, Debt & Equity Capital Markets
issues and Recapitalizations.  It caters to a global client base
which includes companies, governments and financial institutions
across North America, Latin America, Europe and the Middle East.  

                           About Oi SA

Headquartered in Rio de Janeiro, and operating almost exclusively
within Brazil, the Oi Group provides services like fixed-line data
transmission and network usage for phones, internet, and cable,
Wi-Fi hot-spots in public areas, and mobile phone and data
services, and employs approximately 142,000 direct and indirect
employees.

Ojas N. Shah filed a Chapter 15 petition for Oi S.A. (Bankr.
S.D.N.Y. Case No. 16-11791), Oi Movel S.A. (Bankr. S.D.N.Y. Case
No. 16-11792), Telemar Norte Leste S.A. (Bankr. S.D.N.Y. Case No.
16-11793), and Oi Brasil Holdings Cooperatief U.A. (Bankr. S.D.N.Y.
Case No. 16-11794) on June 21, 2016.  The case is assigned to Judge
Sean H. Lane.

The Chapter 15 Petitioner is represented by John K. Cunningham,
Esq., and Mark P. Franke, Esq., at White & Case LLP, in New York;
and Jason N. Zakia, Esq., Richard S. Kebrdle, Esq., and Laura L.
Femino, Esq., at White & Case LLP, in Miami, Florida.


OLGA'S KITCHEN: Taps Plante & Moran to Audit 401k Plan
------------------------------------------------------
Olga's Kitchen, Inc. seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Michigan to hire Plante & Moran, PLLC.

The Debtor proposes to hire the firm for the required limited
scope audit of its 401k plan for the year ended December 31, 2015,
according to court filings.

The firm's professionals and their hourly rates are:

     David Herrington       $410
     S. Dykowski            $230
     Junior Audit Staff     $110

David Herrington, a partner at Plante & Moran, disclosed in a court
filing that he and his firm are "disinterested" as defined in
section 101(14) of the Bankruptcy Code.

                      About Olga's Kitchen

Olga's Kitchen Inc. is headquartered in Troy, Michigan, and is best
known for its Mediterranean-inspired pita wraps, curly fries and
quirky offerings, like an orange creme cooler.

The Company filed for Chapter 11 bankruptcy protection (Bankr.
E.D. Mich. Case No. 15-49008) on June 11, 2015, estimating its
assets and liabilities at between $1 million and $10 million each.
The petition was signed by Robert Solomon, principal.

Judge Walter Shapero presides over the case.

Robert N. Bassel, Esq., at Robert Bassel, Attorney, serves as the
Company's bankruptcy counsel.


OMINTO INC: Needs More Time to File Form 10-Q
---------------------------------------------
Ominto, Inc., filed a Form 12b-25 with the Securities and Exchange
Commission notifying the delay in the filing of its quarterly
report on Form 10-Q for the period ended June 30, 2016.

"The process of compiling and processing the information required
to be included in the Form 10-Q for the third fiscal quarter ended
June 30, 2016 could not be completed without incurring undue
hardship and expense.  The Registrant expects the Form 10-Q to be
filed within the extension period provided under Rule 12b-25
promulgated under the Securities Exchange Act of 1934, as amended,"
the Company said.

The Company's expected results of operations for the quarter ended
June 30, 2016, are significantly different than its results for the
quarter ended June 30, 2015.  Specifically, expected gross margin
increased $1.4 million to $3.0 million for the quarter ended June
30, 2016, from $1.7 million for the same quarter in 2015.
Additionally, selling, general, and administrative expense has
increased to approximately $4.2 million in the 2016 fiscal third
quarter from approximately $3.0 million in the 2015 fiscal third
quarter.  The improved gross margin offset the increase in selling,
general, and administrative expense resulting in losses from
continuing operations that were consistent with the same quarter in
the prior year.  Expected losses from continuing operations
decreased to approximately $1.2 million in the quarter ended June
30, 2016 from approximately $1.3 million in the quarter ended June
30, 2015.

                        About Ominto

Ominto, Inc., was incorporated under the laws of the State of
Nevada on June 4, 1999, as Clamshell Enterprises, Inc., which name
was changed to MediaNet Group Technologies, Inc. in May 2003, then
to DubLi, Inc. on Sept. 25, 2012, and finally to Ominto, Inc. as of
July 1, 2015.  The DubLi Network was merged into the Company, as
its primary business in October 2009.

Ominto reported a net loss of $11.7 million for the year ended
Sept. 30, 2015, compared to a net loss of $1.34 million for the
year ended Sept. 30, 2014.

As of March 31, 2016, the Company had $9 million in total assets,
$16.8 million in total liabilities and a total stockholders'
deficit of $7.83 million.

Mayer Hoffman McCann P.C., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2015, noting that the Company has suffered
recurring losses from operations and has a net capital deficiency
that raise substantial doubt about its ability to continue as a
going concern.


OMNICOMM SYSTEMS: Reports Financial Results for Q2 2016
-------------------------------------------------------
OmniComm Systems, Inc., announced its financial results for the
quarter ended June 30, 2016.

Total revenue for the six month period ended June, 2016 was $10.5
million compared to total revenue of $9.7 million for the six month
period ended June 30, 2015, an 8% year over year increase.
Contracts from new clients as well as repeat or add-on business
from existing customers drove the increase.

"Our continued financial improvements stem from the hard work
across the entire OmniComm team," said Stephen Johnson, OmniComm's
chief operating officer and president.  "Our success is the result
of every employee in every department driving improvements to our
products, processes and services to ensure our clients have the
most innovative products available to optimize their clinical
research."

Year to date gross margin improved by $639K or 9% to $7.9 million
as compared to $7.3 million for the same period ended June 30,
2015.  Gross margin as a percentage of total revenue improved to
76% through June 30, 2016, as compared to 75% through June 30,
2015.

Year to date operating expenses decreased by 3% or over $200K to
$7.7 million.  For the six months ended June 30, 2016 operating
income was $206K, an improvement of $861K year over year when
compared to an operating loss of $655K for the first half of 2015.

"Our year to date financial results demonstrate our continued focus
on execution," stated Tom Vickers, OmniComm's CFO.  "We are
continuing to grow revenue while keeping our costs in line with the
revenue growth."

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

                    https://is.gd/OLWylK

                   About OmniComm Systems

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

OmniComm reported net income attributable to common stockholders of
$2.40 million on $20.7 million of total revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to common
stockholders of $4.66 million on $16.5 million of total revenues
for the year ended Dec. 31, 2014.

As of March 31, 2016, Omnicomm had $5.59 million in total assets,
$27.89 million in total liabilities and a total shareholders'
deficit of $22.29 million.


ON QUE FOOD: Seeks to Hire Aristide as Accountant
-------------------------------------------------
On Que Food Service Group LLC, d/b/a Jakes Wayback Burgers, seeks
authority from the U.S. Bankruptcy Court for the Eastern District
of New York to employ Aristide CPA & Business Consultant, PLLC as
accountant to the Debtor.

On Que Food requires Aristide to:

   -- prepare monthly reconciliation of the Debtor in Possession
      Account;

   -- prepare monthly the financial statements (Balance Sheet and
      Income Statement)

   -- prepare monthly the U.S. Bankruptcy Court small business
      monthly operating report.

Aristide will be paid these monthly rates:

   -- prepare monthly reconciliation                      $250
      of the Debtor in Possession Account;

   -- prepare monthly the financial                       $250
      statements (Balance Sheet and Income Statement)

   -- prepare monthly the U.S. Bankruptcy Court           $350
      small business monthly operating report.

Aristide will be paid a retainer fee in the amount of $1,000.

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

Sherwood Aristide, member of Aristide CPA & Business Consultant,
PLLC, assured the Court that the firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and does not represent any interest adverse to the Debtors and
their estates.

Aristide can be reached at:

     Sherwood Aristide
     ARISTIDE CPA & BUSINESS CONSULTANT, PLLC
     1251 E 80th St
     Brooklyn, NY 11236
     Tel: (347) 713-8477
     Fax: (347) 534-3306
     E-mail: sherwood@aristidecpa.com

                       About On Que Food

On Que Food Service LLC, a Jakes Wayback Burgers franchisee, filed
a chapter 11 petition (Bankr. E.D.N.Y. Case No. 16-41930) on May 3,
2016, estimating its assets and debts at less than $1 million.
Nigel E. Blackman, Esq., at Blackman & Melville, PC, in
Lawrenceville, Ga., represents the Debtor.


PALADIN ENERGY: Can Access Cash Collateral Through Nov. 1
---------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
authorized Paladin Energy Corp. to use Cash Collateral through
November 1, 2016 in strict accordance with its Budget.

The Court also ordered the Debtor to pay the first $50,000 adequate
protection payment, for the month of August, upon entry of the
Order, and make subsequent payments on the first day of September
2016 and October 2016.

The Court further ordered that if the Debtor does not file a plan
of reorganization and accompanying disclosure statement by
September 30, 2016, and/or if such plan is not confirmed by
December 31, 2016, the Debtor is required to file a motion to
appoint a broker, file a motion to approve bid and sale procedures
and  to sell all or substantially all of its assets by September
30, 2016.

The Debtor was directed to maintain a minimum balance in its
operating account of $350,000 during the term of the Final Budget
as adequate protection to Sheridan Holding Company II, LLC and
Redmon Oil Company.

As previously reported by the Troubled Company Reporter, the Debtor
sought authority from the Court to use Cash Collateral because the
Estate has a need for immediate and continuing usage of Cash
Collateral to prevent immediate, irreparable, and substantial
injury.  The Debtor requested the Court for final authorization to
use Cash Collateral through December 31, 2016 subject to any
further extension thereof by agreement or by future order of the
Court.

A full-text copy of the Final Cash Collateral Order dated August
11, 2016 is available at http://tinyurl.com/hcdg566




                               About Paladin Energy

Paladin Energy Corp. sought chapter 11 protection (Bankr. N.D. Tex.
Case No. 16-31590) on Apr. 21, 2016.  The Debtor is represented by
Davor Rukavina, Esq., at Munsch, Hardt, Kopf & Harr, P.C., in
Dallas, Tex.   The Debtor estimated assets ranging from $10 million
to $50 million and estimated debts ranging from $10 million to $50
million.


PANGAEA NETWORKS: $300K Sale of Assets to Cleareon Approved
-----------------------------------------------------------
Judge Stacey L. Meisel of the U.S. Bankruptcy Court for the
District of New Jersey authorized Pangaea Networks, Inc., to sell
certain of its assets to Cleareon Fiber Networks for $300,000.

A hearing was held on Aug, 9, 2016 at 11:00 a.m.

The sale is free and clear of all liens, claims, interests and
encumbrances.

Until further order of the Court determining the extent of any
allowed secured claims encumbering the purchased assets, upon
closing of the sale Debtor's counsel will hold in trust for the
benefit of the estate the following amounts:

   a. A reserve of $50,000 on account of the secured claim held by
Verizon Credit, Inc.

   b. A reserve of $77,000 on account of the secured claim held by
IBM Corp.

The net proceeds of sale that are not placed in escrow, or that are
placed in escrow but exceed the allowed secured claims, will not be
disbursed absent further order of the court.

The Debtor is authorized to amend (with respect to ExteNet Systems,
Inc.), assume and assign the Assumed and Assigned Contracts to the
purchaser in accordance with Section 365 of the Bankruptcy Code and
the terms and conditions of the Agreement, as it may be modified,
amended and restated hereafter.  The Debtor is authorized and
directed to pay the cure amounts as set forth in Exhibit C to the
Agreement at closing.  At closing purchaser will pay to Hibernia
Atlantic U.S. LLC a three month security deposit.

Pursuant to 11 U.S.C. Section 365 and Bankruptcy Rules 6006 and
9014, except as otherwise stated in the Agreement and annexed
exhibits, the assumption and assignment of the Assumed and Assigned
Contracts, along with all related amendments and supplement
thereto, are authorized and approved.

According to the Order, the Assumed and Assigned Contracts comply
with every element of Sec. 365 of the Bankruptcy Code and it
enables the estate to recover $300,000, much of which will be
allocated to pay secured claims and cure amounts for unsecured
creditors under the Assumed and Assigned Contracts.

                   Asset Purchase Agreement

In order to move the Chapter 11 case forward, the Debtor sought
authority to conduct the sale of certain assets of the Business
pursuant to an Asset Purchase Agreement with Cleareon Fiber
Networks.

The pertinent terms of the Purchase Agreement are:

   * Cleareon agrees to purchase from the Debtor all right, title
and interest, including trademark and intellectual property rights,
of the Debtor in and to certain assets owned by the Debtor, whether
real or personal, except the excluded assets.

   * The purchase price will be $300,000, subject to higher and
better offers.

   * If the Debtor ultimately accepts an offer and better than the
purchase price of Cleareon, then, in that event, Cleareon will be
permitted to request a break-up fee in the sum of $9,000 as
administrative expense.

   * Cleareon will enter into employment arrangements with the
Debtor's principals Kevin Rocks, Kevin Black, and Matthew O'Leary.

Counsel for Pangaea Networks:

          David Stevens, Esq.
          SCURA, WIGFIELD, HEYER &STEVENS, LLP
          1599 Hamburg Turnpike
          Wayne, New Jersey 07470
          Telephone: (973) 696-8391
          E-mail: dstevens@scuramealey.com

The Purchaser can be reached at:

          CLEAREON FIBER NETWORKS, LLC
          405 Lexington Avenue, 26th Floor
          New York, NY 10174
          Attn: Michael Collado, Co-CEO
          Tel: (917) 677-9754
          E-mail: mcollado@cleareon.com

                 - and -

          CLEAREON FIBER NETWORKS LLC
          405 Lexington Avenue, 26th Floor
          New York, NY 10174
          Tel: (917) 677-9754
          E-mail: Ckane@cleareon.com

Purchaser's attorney:

          Edward B. Stevenson, Esq.
          CHIESA SHAHINIAN & GIANTOMASI PC
          One Boland Drive
          West Orange, NJ 07052
          Tel: (973) 530-2173
          E-mail: estevenson@csglaw.com

                   About Pangaea Networks

Pangaea Networks, Inc., is an independent provider of Metro
Ethernet Local Loop connectivity in New York City and the Tri-State
area.  Its headquarters are located at 233 Rock Road #313, Glen
Rock, New Jersey.

Pangaea Networks, Inc., sought the Chapter 11 protection (Bankr.
D.N.J. Case No. 15-19951) on May 28, 2015.  Judge Vincent F.
Papalia is assigned to the case.  The petition was signed by Kevin
Rocks, CFO.

The Debtor estimated assets in the range of $0 to $50,000 and $1
million to $10 million in debt.

David L. Stevens, Esq. at Scura, Wigfield, Heyer & Stevens, LLP
serves as the Debtor's counsel.


PENN VIRGINIA: Milkbank Advises Noteholders in Reorganization
-------------------------------------------------------------
Milbank, Tweed, Hadley & McCloy LLP advised the Ad Hoc Committee of
Noteholders of independent energy producer Penn Virginia Corp.,
whose Chapter 11 reorganization plan was approved by a U.S.
Bankruptcy Court judge on August 11, 2016.

As a result of the reorganization, Penn Virginia, one of the
largest oil and natural gas drillers in Texas' Eagle Ford Shale,
will be owned by the Company's noteholders and unsecured
creditors.

Penn Virginia entered Chapter 11 this past May with a
pre-negotiated plan of reorganization supported by revolving credit
lenders and almost all of its noteholders.  The Company
subsequently reached agreements with equity security holders and
pipeline contractor Republic Midstream.  The chapter 11 cases were
some of the fastest in the oil and gas sector to date, reaching
confirmation of the plan of reorganization in 3 months from the
petition date.

The entirely consensual plan avoided potential litigation with
various contract parties and an ad hoc equity committee and
involved approval of a hedging program on day one that was a key
piece to Noteholder Committee financing.

The plan eliminates more than $1 billion of debt, and includes a
$50 million rights offering of new equity.  Upon the effective date
of the plan of reorganization, the noteholders will hold
approximately 96% of the equity in reorganized Penn Virginia.

The Milbank team was led by Financial Restructuring partners Dennis
Dunne and Samuel Khalil.  Also advising the Committee were special
counsel Brian Kinney and associate Bradley Scott Friedman of the
Financial Restructuring Group; Corporate partner Scott Golenbock;
Capital Markets partner Paul Denaro and associate Elizabeth
McNichol; and Litigation & Arbitration partner Aaron Renenger.

                          About Milbank

Milbank, Tweed, Hadley & McCloy LLP is an international law firm
that provides legal services to clients around the world.  Founded
in New York 150 years ago, Milbank has offices in Beijing,
Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo,
Seoul, Singapore, Tokyo and Washington, DC.

                  About Penn Virginia Corporation

Based in Radnor, Pennsylvania, Penn Virginia Corporation is an
independent oil and gas company engaged in the exploration,
development and production of oil, NGLs and natural gas in various
domestic onshore regions of the United States, with a primary focus
in the Eagle Ford Shale in South Texas.

Each of Penn Virginia Corporation, Penn Virginia Holding Corp.,
Penn Virginia MC Corporation, Penn Virginia MC Energy L.L.C., Penn
Virginia MC Operating Company L.L.C., Penn Virginia Oil & Gas
Corporation, Penn Virginia Oil & Gas GP LLC, Penn Virginia Oil &
Gas LP LLC and Penn Virginia Oil & Gas, L.P. filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va.
Case Nos. 16-32395 to 16-32403, respectively) on May 12, 2016.  The
petitions were signed by Seth R. Bullock as chief restructuring
officer.

The Debtors have engaged Kirkland & Ellis LLP as counsel, Kutak
Rock LLP as local counsel, Jefferies LLC as investment banker,
Alvarez & Marsal North America, LLC as restructuring advisor, KPMG
LLP as tax advisor and Epiq Bankruptcy Solutions, LLC as notice,
claims and balloting agent.  PJT Partners is acting as financial
advisor and Milbank, Tweed, Hadley & McCloy LLP is acting as legal
advisor to the ad hoc committee of noteholders.  Opportune LLP is
acting as financial advisor and Bracewell LLP is acting as legal
advisor to Wells Fargo (as agent) and the RBL lenders.

Judge Keith L. Phillips has been assigned the cases.


PHYSICAL PROPERTY: Recurring Losses Raise Going Concern Doubt
-------------------------------------------------------------
Physical Property Holdings Inc. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss and comprehensive loss of $177,000 on HK$260,000 of total
operating revenues for the three months ended June 30,2016,
compared with a net loss and comprehensive loss of HK$216,000 on
HK$234,000 of total operating revenues for the three months ended
June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss and comprehensive loss of HK$344,000 on HK$554,000 of total
operating revenues compared to a net loss and comprehensive loss of
HK$370,000 on HK$522,000 of total operating revenues for the six
months ended June 30, 2015.

As of June 30, 2016, the Company had HK$8.93 million in total
assets, HK$12.40 million in total liabilities, all current, and a
HK$3.46 million total stockholders' deficit.

The Company has financed its operations primarily through advances
from Ngai Keung Luk, chairman, chief executive officer and the
principal stockholder.

Cash and cash equivalent balances as of June 30, 2016, and
Dec. 31, 2015 were HK$17,000 (US$2,000) and HK$102,000,
respectively.

Net cash used in operating activities was HK$306,000 (US$39,000)
and HK$314,000 for the six-month periods ended June 30, 2016 and
2015, respectively.

Net cash used in investing activities which mainly includes
increase in bank deposit, were HK$1,000 and NIL for the six-month
periods ended June 30, 2016 and 2015, respectively.

Net cash provided by financing activities, which mainly includes
repayment of bank loans and advances from the Principal
Stockholder, were HK$222,000 (US$28,000) and HK$273,000 during the
six-month periods ended June 30, 2016 and 2015, respectively.

During the six-month periods ended June 30, 2016 and 2015, the
Company has not entered into any transactions using derivative
financial instruments or derivative commodity instruments or held
any marketable equity securities of publicly traded companies.

Consistent with the general practice of lessors of residential
apartments, the Company receives monthly rentals, which are due on
the first day of each billing period and are non-refundable.  This
practice creates working capital that the Company generally
utilizes for working capital purposes.

The Company has no trade receivable balance as of June 30, 2016 and
Dec. 31, 2015.  The Company obtains rental deposits from its
tenants and has never experienced any significant problems with
collection of accounts receivable.  No provision for doubtful
receivables is therefore made for the period under review.

During the six-month periods ended June 30, 2016 and 2015, the
Company had no purchases of investments.

Management believes that cash flow generated from the operations of
the Company, the tight cost and cash flow control measures and the
existing cash and bank balances on hand should be sufficient to
satisfy the working capital requirement of the Company for at least
the next 12 months as the Principal Stockholder has confirmed his
intention to make available adequate funds to the Company as and
when required to maintain the Company as a going concern.  However,
there can be no assurance that the financing from him will be
continued.

The Company had negative working capital of HK$12,349,000 as of
June 30, 2016 and incurred losses of HK$344,000 and HK$370,000 for
the six months ended June 30, 2016 and 2015 respectively.  These
conditions raised substantial doubt about the Company’s ability
to continue as a going concern.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/IzkyZZ

                      About Physical Property

Physical Property Holdings Inc. (PPYH.PK) is a Hong Kong-based real
estate company.  The company buys, sells, invests in and rents real
estate in Hong Kong with five residential apartments in the area.

Physical Property reported a net loss of HK$795,000 on HK$1.07
million of rental revenue for the year ended Dec. 31, 2015,
compared to a net loss of HK$820,000 on HK$1.05 million of rental
revenue for the year ended Dec. 31, 2014.

The Company's auditors, Mazars CPA Limited, in Hong Kong, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, stating that the
Company had a negative working capital as of December 31, 2015 and
incurred losses for the year then ended, which raised substantial
doubt about its ability to continue as a going concern.


PICO HOLDINGS: Bloggers Criticize Slow Pace of Change
-----------------------------------------------------
PICO Holdings, Inc. (Nasdaq:PICO), based in La Jolla, Calif., is a
diversified holding company reporting recurring losses since 2008.
PICO owns 57% of UCP, Inc. (NYSE:UCP), 100% of Vidler Water
Company, Inc., a securities portfolio and various interests in
small businesses. PICO has $662 million in assets and $426 million
in shareholder equity. Central Square Management LLC and River Road
Asset Management LLC collectively own more than 14% of PICO. Other
activists at http://ReformPICONow.com/have taken to the Internet
to advance the shareholder cause.

The activist bloggers are displeased with the slow pace of change
at PICO. They note that, "In late 2015, American International
Group became the target of activist investors. On February 11,
2016, those investors reached an agreement with AIG, whereby two
activist nominees got seats on AIG's Board. Those nominees were
made Directors in May 2016. AIG has a total of 16 Directors.

On August 15, 2016, AIG announced that it would sell United
Guaranty, its mortgage insurance unit, for $3.4 billion to Arch
Capital Group.

On November 17, 2015, PICO filed its 'Revision to Business Plan.'
Five new Directors came on the PICO Board between December 2015 and
March 2016. Raymond Marino was named Chairman on March 23, 2016 --
almost 5 months ago. There are 7 Directors on the PICO Board, 5 are
shareholder nominated.

How can AIG sell a $3.4 billion mortgage insurer 3 months after 2
of 16 new directors were seated and PICO can't sell a water right,
homebuilder, oil & gas speculation, software stake, biotech
preferred position or anything else in 5 months after 5 of 7
directors were seated?

We admit there are differences between AIG and PICO. First, AIG has
a competent CEO who wants to keep his job. PICO has an incompetent
and corrupt CEO who greedily squeezes every possible penny from
PICO shareholders. Second, the AIG Board and AIG executives are
presumably working together. Due to the corrupt machinations of
Carlos "The NACD-Decorated Horse Thief" Campbell and Michael
"Desperado" Machado, PICO executives are incentivized to work only
in their self-interest and sell assets above book value.

Last, the AIG Board means business; we assume it would fire the CEO
if performance targets were not met. Contrarily, the PICO Board is
unwilling to fire Juicer for cause."

The bloggers believe that the new PICO Board is reactive but not
proactive. "Thus far, this PICO Board has done nothing except react
to shareholder-inspired change. Left undone are the PICOGate
investigation, Board declassification, UCP Director replacement,
revelation of the status of UCP Officer Stock Ownership Guidelines,
asset sales and return of capital to shareholders. Did we forget
anything?

The current Directors and the current Chairman have been in place
since March. Not one tangible result has been produced from this
Board. Is the new PICO mascot a sloth?

We have been told that 3 PICO Directors are working diligently for
shareholder's interests. But it appears that 4 are not. And on a
Board of 7 Directors, our conscientious Directors are overwhelmed.
Given the results, or lack thereof, this explanation makes sense to
us.

It seems to us that the plate in front of the PICO Board keeps
getting fuller. It appears that issues keep arising and this Board
refuses to resolve them expeditiously. The AIG Board understands
that shareholders own the company. And as Kenneth 'The Slug'
Slepicka recently learned, shareholders can punish directors who
destroy value. In an economic world where time matters, unnecessary
delay is destruction of value."


PLANET MERCHANT: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Planet Merchant Processing, Inc.
        407 N 117th Street
        Omaha, NE 68154

Case No.: 16-81243

Chapter 11 Petition Date: August 17, 2016

Court: United States Bankruptcy Court
       District of Nebraska (Omaha Office)

Judge: Hon. Thomas L. Saladino

Debtor's Counsel: Sam King, Esq.
                  MCGILL, GOTSDINER, WORKMAN &
                  LEPP, P.C.
                  11404 West Dodge Road, Suite 500
                  Omaha, NE 68154
                  Tel: (402) 492-9200
                  Fax: (402) 492-9222
                  E-mail: samking@mgwl.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Dennis O'Brien, president.

The Debtor has no unsecured creditor.


PLASTIC2OIL INC: Delays Form 10-Q Over Staffing Issues
------------------------------------------------------
Plastic2Oil, Inc., was unable to file its quarterly report on Form
10-Q for the period ended June 30, 2016, within the prescribed time
period due to staffing limitations.  Accordingly, the Company was
unable to file such report within the prescribed time period
without unreasonable effort or expense.  

The Company is seeking to file its Quarterly Report within the
extension period provided under Rule 12b-25, however, due to the
delay in the start of the auditor review, there can be no assurance
that the Company will be successful in filing prior to the
expiration of the extension period.

                        About Plastic2Oil

Plastic2Oil, Inc., formerly JBI Inc., is a North American fuel
company that transforms unsorted, unwashed waste plastic into
ultra-clean, ultra-low sulphur fuel without the need for
refinement.  The Company's Plastic2Oil (P2O) is a process designed
to provide immediate economic benefit for industry, communities
and government organizations with waste plastic recycling
challenges.  It is also focused on the creation of green
employment opportunities and a reduction in the cost of plastic
recycling programs for municipalities and business.  The Company's
fuel products include No. 6 Fuel, No. 2 Fuel (diesel, petroleum
distillate), Naphtha, Petcoke (carbon black) and Off-Gases. No. 6
Fuel is heavy fuel used in industrial boilers and ships. No. 2
Fuel is a mid-range fuel known as furnace oil or diesel.  Naphtha
is a light fuel that is used as a cut feedstock for ethanol or as
white gasoline in high and regular grade road certified fuels.

Plastic2Oil reported a net loss of $4.32 million on $16,728 of
total sales for the year ended Dec. 31, 2015, compared to a net
loss of $6.80 million on $59,017 of total sales for the year ended
Dec. 31, 2014.

As of March 31, 2016, the Company had $5.27 million in total
assets, $10.99 million in total liabilities and a total
stockholders' deficit of $5.71 million.

D. Brooks and Associates CPA's, P.A., in West Palm Beach, Florida,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
the Company has incurred operating losses, has incurred negative
cash flows from operations and has a working capital deficit. These
and other factors raise substantial doubt about the Company's
ability to continue as a going concern.


PLASTIC2OIL INC: Sold $100,000 Secured Note to Lawrence Leahy
-------------------------------------------------------------
Plastic2Oil, Inc., entered into a subscription agreement with
Lawrence Leahy, pursuant to which, on Aug. 10, 2016, the Company
sold to the Purchaser in a private placement a $100,000 principal
amount 12% Secured Promissory Note due Aug. 10, 2021, together with
a five-year warrant to purchase up to 100 hundred thousand shares
of the Company's common stock at an exercise price of $0.12 per
share.  The gross proceeds to the Company were $100,000.  In
connection with the Note Financing, the Company and the Purchaser
entered into certain agreements.

Purchase Agreement

The Purchase Agreement contains customary representations,
warranties and covenants in connection with the sale and issuance
of the Notes and Warrants, including without limitation,
representations and warranties of the Purchaser as to its
"accredited investor" status.

12% Secured Promissory Note

The Note issued by the Company bears interest at the rate of 12%
per annum.  All principal and interest on the Note is due and
payable in full by the Company on Aug. 10, 2016, the fifth
anniversary of the issuance date.  The Note may be prepaid in full
or part at any time without penalty.  Events of default under the
Note include, without limitation, the failure to timely pay
principal or interest when due and the commencement of a
bankruptcy, liquidation or similar proceeding against the Company.
The Company's obligations under the Note are secured by a lien on
substantially all of the assets of the Company and Plastic2Oil of
NY#1, LLC and JBI RE #1, Inc., each a subsidiary of the Company.

Warrants

The Warrant issued by the Company has a five year term, is
exercisable immediately, and has an initial exercise price of $0.12
per share of common stock were granted to the Purchaser in
connection with the shares of common stock issuance upon exercise
of the Warrant.

Security Agreement

In connection with the Note Financing, the Purchaser was a made a
party to that certain existing Security Agreement by and among the
Company, its subsidiaries, Mr. Heddle, Heddle Marine Service, Inc
and Christiana Trust Company, as collateral agent, pursuant to
which the Company and subsidiaries granted a security interest in
favor of the collateral agent and for the benefit of the holders of
the Company's Notes in substantially all of the assets of such
grantors.  Following an event of default (as defined in the Note),
the collateral agent will act with respect to the collateral
securing the Notes at the direction of the holders of a majority of
the aggregate principal amount of the outstanding Notes.

                       About Plastic2Oil

Plastic2Oil, Inc., formerly JBI Inc., is a North American fuel
company that transforms unsorted, unwashed waste plastic into
ultra-clean, ultra-low sulphur fuel without the need for
refinement.  The Company's Plastic2Oil (P2O) is a process designed
to provide immediate economic benefit for industry, communities
and government organizations with waste plastic recycling
challenges.  It is also focused on the creation of green
employment opportunities and a reduction in the cost of plastic
recycling programs for municipalities and business.  The Company's
fuel products include No. 6 Fuel, No. 2 Fuel (diesel, petroleum
distillate), Naphtha, Petcoke (carbon black) and Off-Gases. No. 6
Fuel is heavy fuel used in industrial boilers and ships. No. 2
Fuel is a mid-range fuel known as furnace oil or diesel.  Naphtha
is a light fuel that is used as a cut feedstock for ethanol or as
white gasoline in high and regular grade road certified fuels.

Plastic2Oil reported a net loss of $4.32 million on $16,728 of
total sales for the year ended Dec. 31, 2015, compared to a net
loss of $6.80 million on $59,017 of total sales for the year ended
Dec. 31, 2014.

As of March 31, 2016, the Company had $5.27 million in total
assets, $10.99 million in total liabilities and a total
stockholders' deficit of $5.71 million.

D. Brooks and Associates CPA's, P.A., in West Palm Beach, Florida,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
the Company has incurred operating losses, has incurred negative
cash flows from operations and has a working capital deficit. These
and other factors raise substantial doubt about the Company's
ability to continue as a going concern.


PRESIDENTIAL REALTY: Incurs $163,000 Net Loss in Second Quarter
---------------------------------------------------------------
Presidential Realty Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $162,908 on $254,164 of revenues for the three months
ended June 30, 2016, compared to a net loss of $140,193 on $240,561
of revenues for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $332,917 on $504,570 of total revenues compared to a net
loss of $299,093 on $471,703 of total revenues for the same period
last year.

As of June 30, 2016, Presidential Realty had $1.08 million in total
assets, $2.43 million in total liabilities and a total
stockholders' deficit of $1.34 million.

"We obtain funds for working capital and investment from our
available cash.

"For the six months ended June 30, 2016, the Company had a loss
from operations.  This combined with a history of operating losses
and working capital deficiency, has been detrimental to our
operations and could potentially affect our ability to meet our
obligations and continue as a going concern.  Our ability to
continue as a going concern is dependent upon the successful
execution of strategies to achieve profitability, and increase
working capital by raising debt and/or equity.  The accompanying
financial statements do not include any adjustments that may result
from this uncertainty.

"At June 30, 2016, we had $301,056 in available cash, a decrease of
$141,866 from $442,922 available at December 31, 2015.  This
decrease in cash and cash equivalents was due to cash used in
operating activities of $76,075, cash used in investing activities
of $51,114 and cash used in financing activities of $14,677."

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/tu0yLy

                    About Presidential Realty

Headquartered in White Plains, New York, Presidential Realty
Corporation, a real estate investment trust, is engaged
principally in the ownership of income-producing real estate and
in the holding of notes and mortgages secured by real estate or
interests in real estate.  On Jan. 20, 2011, Presidential
stockholders approved a plan of liquidation, which provides for
the sale of all of the Company's assets over time and the
distribution of the net proceeds of sale to the stockholders after
satisfaction of the Company's liabilities.

Presidential Realty reported a net loss of $495,377 on $932,044 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $941,050 on $871,499 of total revenues for the year ended
Dec. 31, 2014.

Baker Tilly Virchow Krause, LLP, in Melville, New York, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered recurring losses from operations and has a
working capital deficiency.  These factors raise substantial doubt
about its ability to continue as a going concern.


PRESSURE BIOSCIENCES: Posts $963K Net Income for June 30 Quarter
----------------------------------------------------------------
Pressure Biosciences, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $962,829 on $510,963 of total revenue for the three months ended
June 30, 2016, compared to a net loss of $1.38 million on $413,104
of total revenue for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $4.98 million on $1.02 million of total revenue compared to
a net loss of $2.77 million on $853,238 of total revenue for the
same period last year.

As of June 30, 2016, Pressure Biosciences had $1.82 million in
total assets, $14.26 million in total liabilities and a
stockholders' deficit of $12.43 million.

"We have experienced negative cash flows from operations with
respect to our pressure cycling technology business since our
inception.  As of June 30, 2016, we did not have adequate working
capital resources to satisfy our current liabilities and as a
result, we have substantial doubt regarding our ability to continue
as a going concern.  We have been successful in raising cash
through debt and equity offerings in the past and as described in
Note 6 to our unaudited consolidated financial statements for the
three and six months ended June 30, 2016, we completed an
over-subscribed $5 million debt financing on March 21, 2016,
raising a total of $6.3 million between July 2015 and March 2016.
We have efforts in place to continue to raise cash through debt and
equity offerings.

"We will need substantial additional capital to fund our operations
in future periods.  In the event that we are unable to obtain
financing on acceptable terms, or at all, we will likely be
required to cease our operations, pursue a plan to sell our
operating assets, or otherwise modify our business strategy, which
could materially harm our future business prospects," the Company
stated in the report.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/vDKMnG

                    About Pressure Biosciences

Pressure BioSciences, Inc., headquartered in South Easton,
Massachusetts, holds 14 United States and 10 foreign patents
covering multiple applications of pressure cycling technology in
the life sciences field.

Pressure Biosciences reported a net loss applicable to common
shareholders of $6.25 million on $1.37 million of revenue for the
year ended Dec. 31, 2014, compared to a net loss applicable to
common shareholders of $5.24 million on $1.5 million of total
revenue for the year ended Dec. 31, 2013.

Marcum LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, noting that the Company has had recurring net
losses and continues to experience negative cash flows from
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern, the auditors
said.


PROSOLUTIONS LLC: Trustee Taps Guttilla Murphy as Legal Counsel
---------------------------------------------------------------
The Chapter 11 trustee appointed in the Chapter 11 cases of
Prosolutions LLC and Ruben Diaz seeks court approval to hire
Guttilla Murphy Anderson, P.C.

In a filing with the U.S. Bankruptcy Court for the District of
Arizona, Dina Anderson proposes to hire the firm to provide these
services:

     (a) giving the trustee legal advice with respect to her
         powers and duties;

     (b) representing the trustee in negotiations involving the
         Debtors and their secured and unsecured creditors;

     (c) preparing legal papers necessary to locate and obtain
         the Debtors' assets; and

     (d) performing all legal services the trustee requires in
         order to carry out her duties.

The firm's professionals and their hourly rates are:

     Partners and Of Counsel     $360
     Senior Associates           $310
     Associates                  $285
     Law Clerks                  $150
     Paralegals           $110 - $175
     Legal Assistants     $110 - $175

Dawn Maguire, Esq., at Guttilla Murphy, disclosed in a court filing
that the firm is "disinterested" as defined in section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     Dawn M. Maguire, Esq.
     Guttilla Murphy Anderson, P.C.
     5415 E. High St., Suite 200
     Phoenix, AZ 85054
     Phone: (480) 304-8300
     Fax: (480) 304-8301
     Email: dmaguire@gamlaw.com

                       About Prosolutions

Prosolutions LLC and Ruben Diaz sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Ariz. Case Nos. 16-08653 and
16-08654) on July 28, 2016.  The cases are jointly administered.


QTS REALTY: S&P Raises CCR to BB-, Off CreditWatch
--------------------------------------------------
S&P Global Ratings said it raised its corporate credit rating on
Overland Park, Kan.-based QTS Realty Trust Inc. to 'BB-' from 'B+'.
The outlook is stable.

At the same time, S&P raised its issue-level rating on the
company's unsecured credit facility and senior unsecured notes to
'BB' from 'BB-'.  The recovery rating remains '2', indicating S&P's
expectation for substantial (70%-90%; upper half of the range)
recovery for lenders in the event of a payment default.

S&P removed all ratings from CreditWatch, where it had placed them
with positive implications on July 25, 2016.

"The ratings upgrade reflects our increased confidence in the cash
flow stability of the business, supported by the company's low
revenue churn, multi-year contracts, and strong demand for data
center services," said S&P Global Ratings credit analyst Rose
Askinazi.

QTS's custom data center platform (its "C1" segment) has contracts
that are more akin to wholesale leases, with contract lengths of
five to 10 years and annual price escalators of around 3%.  C1
customers tend to have sizable space requirements, where the median
customer occupies approximately 3,900 square feet, supporting high
utilization rates for the company, between 87%-91% in recent
quarters.  This segment represents 39% of monthly recurring revenue
and helps drive the company's relatively low churn rate, at 1.3% in
the second quarter of 2016.

The stable outlook reflects S&P's expectation that the company will
have adequate liquidity to fund growth initiatives and negative
discretionary cash flow through at least the end of 2017, as it
continues to invest in additional data center capacity.

While unlikely over the next 12 months, S&P could lower the rating
if operating performance weakens due to competitive pressure or
overexpansion, causing pricing pressure or a decline in utilization
that result in margin compression and FFO to debt declining below
10%.

While unlikely over the next 12 months, S&P could raise the rating
if FFO to debt increases to the high-teens percent area or if
leverage improves below 5x on a sustained basis.  Any upgrade would
require S&P's confidence that the company would fund future
expansion, both organic and inorganic, in a leverage neutral
manner.  Alternatively, S&P could raise the rating over the longer
term if the company continues to successfully increase its scale
and improve geographic and customer diversity while managing churn
and utilization near current levels.


QUANTUM MATERIALS: Continues Work for Joint Development Partner
---------------------------------------------------------------
Quantum Materials Corp. is continuing to work with a leading
optical film manufacturer, building upon a relationship which
originated under an initial joint development agreement.

Over past year as this development work has ramped up and other
projects have come on line, Quantum Materials Corp has tripled its
full-time science and engineering staff with the addition of
several patent-holding scientists, and engineering, and
manufacturing operations specialists.  In addition, effective Sept.
1, 2016, the Company will double its lab space at Quantum
Materials' San Marcos, Texas headquarters.

"Our collaboration continues to evolve as we work closely together
to create optimal quantum dots characterizations for display
optical films," said Sri Peruvemba, CEO of Quantum Materials Corp.
"As we grow our people are the key to our success.  We are
fortunate in attracting the best material sciences talent with
which to drive the commercialization of quantum dot technologies
for the display, lighting and energy industries."

                  About Quantum Materials

Quantum Materials Corp. and its wholly owned subsidiary, Solterra
Renewable Technologies, Inc. (collectively referred to as the
company) are headquartered in San Marcos, Texas.  The company
specializes in the design, development, production and supply of
quantum dots, including tetrapod quantum dots, a high performance
variant of quantum dots, and highly uniform nanoparticles, using
its patented automated continuous flow production process.

As of March 31, 2016, Quantum had $1.06 million in total assets,
$1.48 million in total liabilities, and a total stockholders'
deficit of $419,000.

Weaver and Tidwell, L.L.P., in an Oct. 13, 2015 report expressed
substantial doubt about the company's ability to continue as a
going concern.  The firm audited the consolidated balance sheets of
the company as of June 30, 2015 and 2014, and the related
consolidated statements of operations, stockholders' equity
(deficit), and cash flows for each of the years in the two-year
period ended June 30, 2015.  The independent auditor noted that the
Company has suffered recurring losses from operations and has an
accumulated deficit that raises substantial doubt about its ability
to continue as a going concern.


QUEST SOLUTION: Needs More Time to File June 30 Form 10-Q
---------------------------------------------------------
Quest Solution, Inc., notified the Securities and Exchange
Commission that it requires additional time to complete the
accounting and reporting for certain activities and disclosures,
and could not finalize its quarterly report on Form 10-Q for the
period ended June 30, 2016, in sufficient time to permit its filing
within the prescribed time period without unreasonable expense and
effort.  

The delay in processing is a result of the Company requiring
additional time in order to prepare accurate and complete financial
statements resulting from complex transactions, including (1)
restructurings related to the resignation of its executive
vice-president of strategy and acquisitions and vice-president of
finance, (2) the previously announced debt forgiveness and
conversion of debt to shares of Series C Preferred Stock, (3)
implementation of the Company's cost reduction plan, and (4)
integration of the Company's acquisition of ViascanQData, a
Canadian corporation, on Nov. 6, 2015.  The delay in processing is
also the result of the time needed to calculate the goodwill
impairment charge and restructuring expense.  The Company is
working expeditiously to complete the Quarterly Report and expects
that the Quarterly Report will be filed no later than the fifth
calendar day following the prescribed due date.

The Company expects that the current year quarter results will
include a one-time estimated $3.0 million of expenses and charges
related to goodwill impairment from the conversion of certain debt
and a restructuring expense.  The Company has not yet finalized its
financial statements for the period ended June 30, 2016. Therefore,
the Company is unable to quantify all anticipated changes in its
results of operations at this time.

                    About Quest Solution

Quest Solution (formerly known as Amerigo Energy, Inc.) is a
national mobility systems integrator with a focus on design,
delivery, deployment and support of fully integrated mobile
solutions.  The Company takes a consultative approach by offering
end to end solutions that include hardware, software,
communications and full lifecycle management services.  The highly
tenured team of professionals simplifies the integration process
and delivers proven problem solving solutions backed by numerous
customer references.  Motorola, Intermec, Honeywell, Panasonic,
AirWatch, Wavelink, SOTI and Zebra are major suppliers which Quest
Solution uses in its systems.

Quest Solution reported a net loss of $1.71 million on $63.9
million of total revenues for the year ended Dec. 31, 2015,
compared to net income of $301,649 on $37.3 million of total
revenues for the year ended Dec. 31, 2014.

As of March 31, 2016, Quest Solution had $53.4 million in total
assets, $55.8 million in total liabilities and a total
stockholders' deficit of $2.34 million.

The Company's auditors RBSM LLP, in Leawood, Kansas, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has a working capital deficiency and significant
subordinated debt resulting from acquisitions.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


RANCHO ARROYO: Selling Arroyo Grande Personal Property
------------------------------------------------------
Ranch Arroyo Grande, LLC, asks the U.S. Bankruptcy Court for the
Central District of California to authorize the sale of certain
equipment and vehicles ("Bettinelli Sale Property") located on its
real property at 455-599 Hi Mountain Road in Arroyo Grande and
known as Rancho Arroyo Grande to Bettinelli Vineyards for $40,500;
certain equipment and vehicles ("Ruffoni Sale Property") located on
the Ranch property to Todd Ruffoni for $13,600; and its remaining
property located on the Ranch property to prospective buyers for no
less than the minimum selling price, all subject to overbid.

A hearing on the Motion is set for Sept. 7, 2016 at 10:00 a.m.

On June 17, 2016, the Court granted relief from stay to secured
creditor Wells Fargo Bank to proceed with a foreclosure against the
Ranch property.  On June 24, 2016, Wells Fargo Bank recorded a
Notice of Default against the Ranch property and has indicated that
a Trustee's sale date may be set as soon as Oct. 22, 2016. The
Debtor owns certain personal property located on the Ranch property
that must be liquidated prior to the foreclosure by Wells Fargo.

On Aug. 11, 2016, the Debtor received an offer from Bettinelli
Vineyards to purchase Bettinelli Sale Property.

The Debtor does not believe that the Bettinelli Sale Property,
Ruffoni Sale Property and remaining property are encumbered by any
liens and no commissions or fee is being paid to any party in
connection with the sale of the Bettinelli Sale Property, Ruffoni
Sale Property and remaining property.

The first minimum overbid for the Bettinelli Sale Property will be
$41,000, with subsequent overbid intervals as fixed by court.

The first minimum overbid for the Ruffoni Sale Property will be
$14,000, with subsequent overbid intervals as fixed by court.

The Debtor will seek potential purchasers for the remaining
property to bid at the hearing on the Motion.

A copy of the Bettinelli Sale Property and Ruffoni Sale Property to
be sold, together with the terms and conditions of the sale, and
the minimum selling price of the remaining property to be sold,
attached to the Motion is available for free at:

    http://bankrupt.com/misc/Rancho_Arroyo_Grande_151_Sales.pdf

                    About Rancho Arroyo Grande

Rancho Arroyo Grande LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 15-12171) on Oct. 30,
2015.  The petition was signed by Christopher J. Conway, managing
member.  The case is assigned to Judge Peter Carroll.  The Debtor
is represented by Karen L. Grant, Esq., at The Law Offices of Karen
L. Grant.  At the time of the filing, the Debtor disclosed
$18.3 million in assets and $14.6 million in liabilities.


RECYCLING INC: Proposes to Hire Jonathan Klein as Special Counsel
-----------------------------------------------------------------
Recycling, Inc. seeks approval from the U.S. Bankruptcy Court for
the District of Connecticut to hire Jonathan Klein, Esq., as its
special counsel.

Mr. Klein will serve as Alter & Pearson, LLC's co-counsel in
connection with an appeal to the Connecticut Appellate Court of a
final judgment entered in an administrative appeals matter
initiated by the Debtor against the State of Connecticut
Environmental Protection Commissioner and the City of Milford.

Mr. Klein will provide legal services on an hourly rate basis and
has agreed to be compensated by Gus Curcio, Sr., the Debtor's
president, and not by the Debtor.

In a court filing, Mr. Klein disclosed that he is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

The Debtor is represented by:

     Douglas S. Skalka, Esq.
     Neubert, Pepe & Monteith, P.C.
     195 Church Street, 13th Floor
     New Haven, CT 06510
     Tel: (203) 821-2000
     Fax: 203-821-2009
     Email: dskalka@npmlaw.com

                      About Recycling Inc.

Recycling, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Conn. Case No. 16-30110) on January 26,
2016.  The petition was signed by Gus Curcio, Sr., president.  At
the time of the filing, the Debtor estimated its assets and debts
at $1 million to $10 million.


REO HOLDINGS: Trustee Hires Manier & Herod as Special Counsel
-------------------------------------------------------------
Eva M. Lemeh, the Chapter 11 Trustee of REO Holdings, LLC, seeks
authority from the U.S. Bankruptcy Court for the Middle District of
Tennessee to employ Manier & Herod, P.C. as special counsel to the
Trustee.

Ms. Lemeh requires Manier & Herod to:

   a. assist with the preparing and filing of appropriate
      pleadings, including without limitation, reports,
      applications, complaints, answers, motions, orders, plans
      of reorganization, and disclosure statements;

   b. represent the Trustee in all litigation aspects of this
      case, including adversary proceedings and contested
      matters; in the evaluation, protection, and pursuit of all
      other assets of the Debtor's estate; in any litigation
      concerning sale of property and redemption rights; and in
      rendering real estate advice; and

   c. negotiate with creditors and parties in interest.

Manier & Herod will be paid at these hourly rates:

     Michael E. Collins        $400
     Principals                $285-$400
     Associates                $175-$275
     Paralegals                $80-$130

Manier & Herod will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Michael E. Collins was employed from August 1993 through June 2000
as an Assistant U.S. Trustee with the Office of the U.S. Trustee
before joining Manier & Herod in January 2003.

Michael E. Collins, principal and member of Manier & Herod, P.C.,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Manier & Herod can be reached at:

     Michael E. Collins, Esq.
     150 Fourth Avenue North
     One Nashville Place, Suite 2200
     Nashville, TN 37219
     Tel: (615) 244-0030

                       About REO Holdings

REO Holdings, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Tenn. Case No. 16-10414) on February 29, 2016. The Debtor is
represented by Thomas Harold Strawn Jr., Esq.


RESPONSE BIOMEDICAL: Recurring Losses Raise Going Concern Doubt
---------------------------------------------------------------
Response Biomedical Corp. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
and comprehensive loss of C$1.32 million on C$1.32 million of total
revenue for the three months ended June 30, 2016, compared to a net
loss and comprehensive loss of C$2,000 on C$4.26 million of total
revenue for the same period in 2015.

For the six months ended June 30, 2016, the Company reported a net
loss and comprehensive loss of C$2.57 million on C$3.52 million of
total revenue compared to a net loss and comprehensive loss of
C$1.10 million on C$7.80 million of total revenue for the six
months ended June 30, 2015.

As of June 30, 2016, Response Biomedical had C$10.7 million in
total assets, C$13.1 million in total liabilities and a C$2.37
million total shareholders' deficit.

"The Company is striving to meet its ongoing cash needs through
continued efforts to improve sales in China and other markets,
reduce costs and otherwise conserve cash, and raise additional
financing through the private placement...  Without additional
financing, the Company's current cash may not be sufficient to
allow the Company to continue as a going concern beyond the third
quarter of 2016.  Management believes that additional financing
along with a combination of some or all of the various cost
reduction, cash conservation, sales and marketing initiatives, and
completion of our collaboration with Joinstar, including short term
out of the ordinary cash management measures, will be required to
meet its anticipated short term cash requirements.  Due to the
Company's history of losses, recent significant decreases in China
product sales, and current major transition of distributors in
China, there is substantial doubt over the Company's ability to
continue as a going concern as it is dependent on obtaining
additional financing and achieving profitable operations, the
outcomes of which cannot be predicted at this time.  The
consolidated financial statements do not include any adjustments to
the amounts and classification of assets and liabilities that might
be necessary should the Company be unable to continue as a going
concern.  Such adjustments could be material," the Company stated
in the report.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/jvVuHl

                    About Response Biomedical
  
Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.

Response Biomedical reported a net loss of C$150,000 on C$15.41
million of total revenue for the year ended Dec. 31, 2015, compared
to a net loss of C$2.09 million on C$11.01 million of total revenue
for the year ended Dec. 31, 2014.

PricewaterhouseCoopers LLP, in Vancouver, Canada, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the company has incurred
recurring losses from operations and has an accumulated deficit at
Dec. 31, 2015, that raises substantial doubt about its ability to
continue as a going concern.


RESPONSE BIOMEDICAL: Reports Second Quarter 2016 Results
--------------------------------------------------------
Response Biomedical Corp. reported financial results for its second
quarter and six months ended June 30, 2016.  Total revenue for the
second quarter of 2016 was $1.3 million and totaled $3.5 million
for the first half of 2016, a reduction of 69% and 55% respectively
relative to the the comparable periods of 2015.  While the
Company's sales to its China distributors have suffered during the
transition to its new distribution network, its sales in the rest
of the world continue to see year over year growth at an average
rate of 16%.

Sales to the Company's national distributor in China were nominal
in the second quarter and down 78% from the comparable six month
period in 2015, as this distributor continues to work through their
excess inventory.  In addition, the Company recently signed a new
distribution contract with Shanghai Runda Medical Technology Co.,
Ltd. who is working to increase our sales within our existing
Chinese markets and expand into new territories in China.

Gross margin on product sales was 37% for the quarter and 41% for
the first half of 2016 compared to 41% and 37% respectively in the
comparable periods of 2015.  Operating expenses decreased
approximately 19% in the quarter and 17% for the first half of 2016
primarily due to reduced payroll and administrative expenses as a
result of ongoing cost reduction efforts.

GAAP net loss for the first quarter of 2016 was ($1.3 million) or
($0.13) per share and was ($2.6 million) or ($0.26) per share for
first half of 2016.  Adjusted EBITDA was ($674,000) and ($995,000)
for the second quarter and first half of 2016 respectively compared
with Adjusted EBITDA of $633,000 and ($22,000) in the comparable
periods in 2015.

Response also announced that it has filed its definitive Proxy
Statement related to the Special Meeting of Shareholders to be held
at 11:00 a.m. (Pacific Time) on Sept. 16, 2016, at the Company's
head office in Vancouver, B.C.  The purpose of the Special Meeting
is to approve the previously announced arrangement agreement with
1077801 B.C. Ltd., a company jointly owned by OrbiMed and Runda,
which will acquire all of the issued and outstanding common shares
of Response for cash consideration of $1.12 per Response Share
(except in the case of certain rollover shareholders who will
instead receive shares of 1077801 B.C. Ltd. on a 1 for 1 basis) by
way of a statutory plan of arrangement under the Business
Corporations Act (British Columbia).

                     About Response Biomedical
  
Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.

Response Biomedical reported a net loss of C$150,000 on C$15.4
million of total revenue for the year ended Dec. 31, 2015, compared
to a net loss of C$2.09 million on C$11.01 million of total revenue
for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Response had C$11.8 million in total assets,
C$12.5 million in total liabilities, and a total shareholders'
deficit of C$711,000.

PricewaterhouseCoopers LLP, in Vancouver, Canada, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the company has incurred
recurring losses from operations and has an accumulated deficit at
Dec. 31, 2015, that raises substantial doubt about its ability to
continue as a going concern.


ROCK INVESTMENT: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: The Rock Investment Group, Inc.
           aka TRIG
        5251 S. Quebec Street, Suite 200
        Greenwood Village, CO 80111

Case No.: 16-18110

Chapter 11 Petition Date: August 17, 2016

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

Judge: Hon. Thomas B. McNamara

Debtor's Counsel: Jeffrey S. Brinen, Esq.
                  KUTNER BRINEN, P.C.
                  1660 Lincoln St., Ste. 1850
                  Denver, CO 80264
                  Tel: 303-832-2400
                  Email: jsb@kutnerlaw.com

Total Assets: $11.59 million

Total Debts: $2.91 million

The petition was signed by Robert Angerer, president.

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Noble Energy                       Attorney Fees         $753,937
Wheeler Trigg                      and Court costs
O'Donnell LLP
370 17th St Suite 4500
Denver, CO 80202

The Directional                     Business Debt        $378,064
Drilling Company
213 Riggs Street
Conroe, TX 77301

Weatherford US, LP                  Business Debt        $184,092

Hutchison & Steffen LLC               Legal Fees         $183,825

Lexington Insurance Co            General Liability      $163,056
                                      Insurance

Lexington Insurance Co                Liability          $129,938
                                      Insurance

Liberty Mutual                        Insurance          $127,893
Insurance

Legarza Exploration                 Business Debt        $109,771
Black Stone Minerals LP             Business Debt         $86,152

Mountain West Oil                   Business Debt         $75,095
Field Service &
Supplies Inc dba
Moutain West Oil

Gordon Silver                       Business Debt         $62,215

Patton Boggs, LLC                   Business Debt         $59,300

JD Field Services Inc.              Business Debt         $46,205

Hijet BIT, LLC                      Business Debt         $44,300

Boart Longyear Co                   Business Debt         $42,116

Terry's Pumpin &                    Business Debt         $40,778
Potties, Inc.

Propetro Services, Inc.             Business Debt         $37,456

All for Mineral LP                  Business Debt         $35,102

Phelps Dodge                        Business Debt         $34,736
Exploration Corp

Air Drilling                        Business Debt         $32,055
Associates, Inc.


ROYAL CARIBBEAN CRUISES: Moody’s Affirms Ba1 Corp Family Rating
-----------------------------------------------------------------
Moody's Investors Service changed the rating outlook of Royal
Caribbean Cruises Ltd. to positive from stable. At the same time,
Moody's affirmed all existing ratings including the Ba1 Corporate
Family Rating, Ba1-PD Probability of Default Rating, Ba1 senior
unsecured notes rating, and SGL-2 Speculative Grade Liquidity
rating.

The change in outlook acknowledges Moody's expectation that RCL's
credit metrics will strengthen over the next eighteen months from a
combination of earnings growth and debt repayment from mandatory
ship debt amortization and debt maturities. It also incorporates
Moody's belief that RCL is committed to achieving and maintaining
debt to EBITDA at 3.5x and will forego any debt financed share
repurchases or dividends until it has reached this level.

"The change in Royal Caribbean's rating outlook to positive
reflects that we expect Royal Caribbean to focus on repaying debt
in 2017 over making share repurchases," stated Maggie Taylor,
Senior Vice President at Moody's.

The following ratings are affirmed:

   -- Corporate Family Rating at Ba1

   -- Probability of Default Rating at Ba1-PD

   -- Senior unsecured notes and debentures at Ba1, LGD 4

   -- Speculative Grade Liquidity rating at SGL-2

RATINGS RATIONALE

RCL's Ba1 Corporate Family Rating reflects its solid market
position as the second largest global ocean cruise operator based
upon capacity and revenue which acknowledges the strength of its
brands. RCL is well diversified by geography, brand, and market
segment. The rating also acknowledges that RCL's leverage has
temporarily increased to 4.5x as of the twelve months ended June
30, 2016 as a result of the timing of two ship deliveries in the
spring of 2016. Moody's anticipates that debt to EBITDA will return
to 4.0x by the end of 2016. The rating considers that while
industry wide capacity will increase, capacity expansion will
remain at a rational level as a result of supply constraint. In
addition, Moody's believes that the value proposition of a cruise
vacation will support continued penetration of the vacation market
by cruise operators. Key credit risks include the highly seasonal
and capital intensive nature of cruise companies and the cruise
industry's moderate exposure to economic and industry cycles.

Ratings could be upgraded if RCL continues to grow operating
margins and the company achieves and demonstrates the willingness
to sustain in the context of the cyclicality of the cruise
industry; debt to EBITDA below 3.75x, retained cash flow to debt
around 18%, and EBITA to interest expense over 4.0x. An upgrade
also requires RCL's financial policy supporting credit metrics
remaining better than these levels. Additionally, an upgrade
requires RCL maintain liquidity well in excess of its near term
funding needs.

Ratings could be pressured if the operating environment
deteriorates causing cruise pricing to decline such that debt to
EBITDA would be sustained above 5.0x or retained cash flow to net
debt declines to 10% or if EBITA to interest expense drops below
2.5x.

Royal Caribbean Cruises Ltd. is a global vacation company that
operates six brands (including three brands through joint ventures)
-- the largest being Royal Caribbean International (RCI) and
Celebrity Cruises. The six brands operate a combined 48 cruise
ships with an aggregate capacity of over 121,000 berths. Lagging
twelve month net revenues are over $6.5 billion.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in December 2014.


RYAN ROTH: Plan Confirmation Hearing Set for Sept. 6
----------------------------------------------------
Judge Robert D. Martin in Madison, Wisconsin, granted conditional
approval of the Disclosure Statement explaining the Chapter 11 Plan
of Ryan M. Roth and Stephanie S. Roth.  The Court will hold a
hearing on Sept. 6, 2016, at 11:30 a.m., at Madison Hearings,
Courtroom 350 to consider final approval of the Disclosure Statment
and confirmation of the Debtor's Plan.

Nonpriority unsecured claims in Class 5 are in the approximate
amount of $40,000.  All of these allowed claims are impaired in
that the claimants will be paid with interest at the rate of 0%
amortized over 40 months resulting in these claimants sharing pro
rata in monthly distributions of $1,000.

The unsecured claim of Jeff Young, in Class 6, is from personal
loan(s) to the Debtors in the approximate amount of $25,000.  No
payments will be received by this claimant.

The equity interest of the Debtor, in Class 7, if any, will be
retained by the Debtors, same being of nominal or no value to
creditors.

A copy of the Debtor's Plan is available at:

          http://bankrupt.com/misc/wiwb3-16-12094-0050.pdf

Ryan M. Roth and Stephanie S. Roth filed a Chapter 11 petition
(Bankr. W.D. Wis. Case No. 16-12094) on June 10, 2016, represented
by:

          Ryan Anthony Blay, Esq.
          Kristin J. Sederholm, Esq.
          Krekeler Strother, S.C.
          2901 West Beltline Highway, Suite 301
          Madison, WI 53713
          Tel: 608-258-8555
          Fax: 608-258-8299
          E-mail: rblay@ks-lawfirm.com
                  ksederho@ks-lawfirm.com


SANDRIDGE ENERGY: Plan Confirmation Hearing to Begin Sept. 6
------------------------------------------------------------
SandRidge Energy, Inc., filed a Plan of reorganization and a
related disclosure statement with the Bankruptcy Court on May 18,
2016. The Plan is subject to approval by the Bankruptcy Court.

On July 15, 2016, the Bankruptcy Court approved the Company's
disclosure statement with respect to the Plan, and the Company is
in the process of soliciting votes with respect to the Plan.  The
Company intends to seek confirmation of the Plan at a hearing
before the Bankruptcy Court, currently scheduled to begin September
6, 2016.

If the Plan is confirmed by the Bankruptcy Court, the Debtors would
exit Chapter 11 pursuant to the terms of the Plan. Under the Plan,
the claims against and interests in the Debtors are organized into
classes based, in part, on their respective priorities. The Plan
provides that, upon emergency from bankruptcy:

     -- First Lien Credit Agreement. Claims under the senior credit
facility will receive their proportionate share of (a) $35.0
million in cash and (b) participation in the $425.0 million New
First Lien Exit Facility.

     -- Senior Secured Note Claims. The Senior Secured Notes will
receive their proportionate share of (a) the New Mandatory
Convertible Debt, and (b)  85% of the post-reorganization new
common stock in the reorganized Company (the "New Common Stock"),
as fully diluted by the New Mandatory Convertible Debt measured
through the conversion date, subject to dilution by (i) the
Warrants, (ii) a Rights Offering, if any, and (iii) the Employee
Incentive Plan. Holders of Senior Secured Notes may also be
entitled to participate in the Rights Offering under specified
circumstances.

     -- General Unsecured Claims. The Company's general unsecured
claims, including the Unsecured Notes, will receive their
proportionate share of (a) $10.0 million in cash, (b) 15% of the
New Common Stock, as fully diluted by the New Mandatory Convertible
Debt measured through the conversion date, subject to dilution by
the Employee Incentive Plan, the Rights Offering, and the Warrants,
(c) the Warrants, (d) the cash proceeds of the $35.0 million New
Building Note, and (e) the Rights Offering. Holders of general
unsecured claims, including the Unsecured Notes, may also be
entitled to participate in the Rights Offering under specified
circumstances.

     -- Preferred and Common Stock. The Company's existing 7.0% and
8.5% convertible perpetual preferred stock and common stock will be
canceled and released under the Plan without receiving any recovery
on account thereof.

     -- Rights Offering. The Restructuring Support Agreement
entitles the Debtors to implement a Rights Offering for up to
$150.0 million of the New Common Stock at a valuation of the lesser
of (a) $1.215 billion or (b) 90% of the equity value under the
Plan.  The Consenting Creditors are exclusively entitled to
purchase the Rights Offering equity until the earlier of 30 days
following approval of a disclosure statement by the Bankruptcy
Court, 15 days before the date of the confirmation hearing set
forth in the disclosure statement order or 90 days after the
Chapter 11 filing.

The Plan provides for the following new debt and other
instruments:

     -- New First Lien Exit Facility.  The New First Lien Exit
Facility will have an initial borrowing base of $425.0 million with
no borrowing base redeterminations to occur until October 2018 and
semiannual borrowing base redeterminations thereafter. The New
First Lien Exit Facility will mature on the earlier of March 31,
2020, or 40 months from the Effective Date, with interest payable
quarterly at LIBOR plus 4.75% per annum, subject to a 1.00% LIBOR
floor.  The New First Lien Exit Facility will be secured by (i)
first-priority mortgages on at least 95% of the present value of
the proved developed producing reserves and 95% of the present
value of all proved reserves included in the most recently
delivered reserve report, (ii) a first-priority perfected pledge of
capital stock of each credit party and their respective wholly
owned subsidiaries and (iii) a first-priority security interest in
the cash, cash equivalents, deposit, securities and other similar
accounts, and a first-priority perfected security interest in
substantially all other tangible (other than the Company's
corporate buildings in Oklahoma City) and intangible assets of the
credit parties (including but not limited to as-extracted
collateral, accounts receivable, inventory, equipment, general
intangibles, investment property, intellectual property, real
property and the proceeds of the foregoing). The New First Lien
Exit Facility is subject to a variety of other terms and conditions
including conditions precedent to funding, financial covenants, and
various other covenants and representations and warranties.

     -- New Mandatory Convertible Debt.  The New Mandatory
Convertible Debt will have a principal amount of $300.0 million.
The New Mandatory Convertible Debt will mandatorily convert to
46.5% of the New Common Stock no later than four years after the
Effective Date or upon the occurrence of certain specified
conversion events.  The New Mandatory Convertible Debt is subject
to being fully or partially secured by springing liens in the same
collateral as the New First Lien Exit Facility only upon the
occurrence of certain specified litigation events expected to
result in a material adverse effect on the business of the
reorganized Company.

     -- Warrants.  The Warrants to purchase up to 12.5% of the New
Common Stock will be exercisable at any time, in whole or in part,
until their expiration date for a per share price based upon a
$1.625 billion aggregate value of the New Common Stock at the
trailing 30-day volume-weighted average price. The expiration date
for the Warrants will be six years from the Effective Date.

     -- New Building Note.  The New Building Note will have a
principal amount of $35.0 million and be secured by first priority
mortgages on the Company's headquarters facility and certain other
non-oil and gas real property located in downtown Oklahoma City,
Oklahoma.  Interest will be payable on the New Building Note at 6%
per annum for the first year following the Effective Date, 8% per
annum for the second year following the Effective Date, and 10%
thereafter through maturity.  Interest will be payable in kind from
the Effective Date through the earlier of Sept. 30, 2020, 46 months
from the Effective Date or 90 days after the refinancing or
repayment of the New First Lien Exit Facility and thereafter in
cash.  The New Building Note will mature five years after the
Effective Date.  Under the Restructuring Support Agreement, certain
holders of the Unsecured Notes have committed to purchase the New
Building Note.  On July 14, 2016, the Company conducted an auction
for the New Building Note, which auction yielded a winning bid in
the amount of $27.0 million in cash.

The Plan contemplates these additional terms, among others:

     -- Consensual Cash Collateral Use.  The Company intends to
fund ongoing operations and other cash needs during the Chapter 11
proceedings with cash on hand and cash from operations.  Under the
RSA, the Consenting Creditors have consented to the use of cash
collateral during the Chapter 11 Cases through the effective date
of the Plan, subject to certain terms, conditions, and termination
events.

     -- Releases.  The Plan provides for releases of specified
claims held by the Debtors, the Consenting Creditors, and certain
other specified parties against one another and for customary
exculpations and injunctions.

     -- Employee Incentive Plan.  The Employee Incentive Plan
contemplates the issuance of up to 10% of pro forma ownership
interests in the reorganized Company to officers and/or other
employees of the reorganized Company.  The Employee Incentive Plan
will be subject to approval of the board of directors of the
reorganized Company.

The Debtors have filed with the Bankruptcy Court schedules and
statements setting forth, among other things, the assets and
liabilities of each of the Debtors, subject to the assumptions
filed in connection therewith.  These schedules and statements may
be subject to further amendment or modification after filing.
Certain holders of prepetition claims that are not governmental
units were required to file proofs of claim by the deadline for
general claims, which was set by the Bankruptcy Court as July 22,
2016.

                     About SandRidge Energy

SandRidge Energy, Inc. (OTC PINK: SDOC) --
http://www.sandridgeenergy.com/-- is an oil and natural gas  
exploration and production company headquartered in Oklahoma City,
Oklahoma, with its principal focus on developing high-return,
growth-oriented projects in the U.S. Mid-Continent and Niobrara
Shale.

SandRidge Energy, Inc. and 24 of its subsidiaries each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Lead Case No. 16-32488) on May 16, 2016. The petitions
were signed by Julian M. Bott as chief financial officer.

The Debtors have hired Kirkland & Ellis LLP as general bankruptcy
counsel, Zack A. Clement PLLC as local counsel, Houlihan Lokey
Capital, Inc. as financial advisor, Alvarez & Marsal Holdings, LLC
as restructuring advisor and Prime Clerk LLC as claims and
noticing
agent.

The cases are assigned to Judge David R Jones.

The Office of the U.S. Trustee has appointed five creditors of
SandRidge Energy, Inc., to serve on the official committee of
unsecured creditors.


SANDRIDGE ENERGY: Posts $516 Million Net Loss for 2nd Qtr 2016
--------------------------------------------------------------
SandRidge Energy, Inc., filed with the Securities and Exchange
Commission a Form 10-Q Report for the quarterly period ended June
30, 2016.

SandRidge Energy reported a net loss of $516 million for the three
months ended June 30, 2016, from a net loss of $1.59 billion for
the same period in 2015.  The Company reported a net loss of $829
million for the six months ended June 30, 2016, from a net loss of
$2.74 billion for the same period in 2015.

The Company said total revenues were $99.4 million for the three
months ended June 30, 2016, from $230 million for the same period
in 2015.  Total revenues were $190 million for the six months ended
June 30, 2016, from $445 million for the same period in 2015.

As of June 30, 2016, the Company had total assets of $2.24 billion
against total liabilities of $4.51 billion and a total
stockholders' deficit of $2.27 billion.

A copy of the Company's financial report is available at
https://is.gd/sU72PG

                     About SandRidge Energy

SandRidge Energy, Inc. (OTC PINK: SDOC) --
http://www.sandridgeenergy.com/-- is an oil and natural gas  
exploration and production company headquartered in Oklahoma City,
Oklahoma, with its principal focus on developing high-return,
growth-oriented projects in the U.S. Mid-Continent and Niobrara
Shale.

SandRidge Energy, Inc. and 24 of its subsidiaries each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Lead Case No. 16-32488) on May 16, 2016. The petitions
were signed by Julian M. Bott as chief financial officer.

The Debtors have hired Kirkland & Ellis LLP as general bankruptcy
counsel, Zack A. Clement PLLC as local counsel, Houlihan Lokey
Capital, Inc. as financial advisor, Alvarez & Marsal Holdings, LLC
as restructuring advisor and Prime Clerk LLC as claims and
noticing
agent.

The cases are assigned to Judge David R Jones.

The Office of the U.S. Trustee has appointed five creditors of
SandRidge Energy, Inc., to serve on the official committee of
unsecured creditors.


SAWYER WOOD: Disclosure Statement Hearing Set for Sept. 8
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of Oregon will hold a
hearing Sept. 8, 2016, to consider and possibly approve the
proposed disclosure statement dated July 26, 2016, explaining
Sawyer Wood Products, Inc.'s Chapter 11 plan of reorganization.

Objections to the proposed disclosure statement must be made in
writing, setting forth the specific grounds and details of
objection, and must be filed, no less than seven days before the
date of the hearing set above, with the Clerk.  Copies of any filed
objections must be contemporaneously served on the proponent,
entities required by Fed. Bankruptcy Rule 3017(a), and these
parties (if any):

          Brett Cowman
          Chairperson of the Creditors' Committee
          POB 399, Auburn, WA 98071−0399

The proposed disclosure statement may be examined in the office of
the Clerk, or by contacting the proponent:

          Keith Y. Boyd, Esq.
          724 S. Central Avenue, #106
          Medford, OR 97501

                         About Sawyer Wood

Sawyer Wood Products, Inc. sought protection under Chapter 11 of
the Bankruptcy Code in the U.S. Bankruptcy Court for the District
of Oregon (Bankr. D. Ore., Case No. 16-60250) on February 3, 2016.

The petition was signed by Peter Newport, president.

The Debtor is represented by Keith Y. Boyd, Esq., at The Law
Offices of Keith Y. Boyd.  The case is assigned to Judge Frank R.
Alley III.

The Debtor estimated assets of $100,000 to $500,000 and debts of
$1
million to $10 million.


SCIO DIAMOND: Widens Q2 Net Loss to $1.26 Million
-------------------------------------------------
Scio Diamond Technology Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $1.26 million on $185,061 of net revenue for the three
months ended June 30, 2016, compared to a net loss of $877,095 on
$172,175 of net revenue for the three months ended June 30, 2015.

As of June 30, 2016, Scio Diamond had $9.64 million in total
assets, $3.86 million in total liabilities, and $5.77 million in
total shareholders' equity.

The Company expects that working capital requirements will continue
to be funded through a combination of its existing funds, further
issuances of securities, and future credit facilities or corporate
borrowings.  The Company's working capital requirements are
expected to increase in line with the growth of its business.

As of March 31, 2016, the Company's cash balance was $192,880 and
as of June 30, 2016, its cash balance was reduced to $67,898.  This
reduction was due to the Company's operating cash needs.  The
Company's cash at June 30, 2016 is not expected to be adequate to
fund its operations over the current fiscal year ending March 31,
2017.

"We are pleased to report quarterly revenue growth as a result of
the Company's increased production capacity and renewed focus on
growing near-colorless, white diamond gemstones," said Gerald
McGuire, Scio Diamond CEO.

After the Company returned to full production in April, following
the previously reported December 2015 shutdown, it has experienced
strong monthly revenue growth.  This growth continued into July and
Scio anticipates this trend will continue as production yields
improve and overall diamond industry demand increases through the
end of the calendar year.

Added McGuire, "Over the past two months, we've made significant
progress.  The carat weight of our diamonds continues to increase,
our color and clarity capabilities continue to improve, our
customer base is growing, and we are beginning to see the resulting
improvements in our financials.  While short-term cash requirements
continue to challenge our efforts, we are optimistic about the
market potential for our lab-grown diamonds, and are encouraged by
the increasing demand we are seeing from our customers."

                         Going Concern

"The Company has generated little revenue to date and consequently
its operations are subject to all risks inherent in the
establishment and commercial launch of a new business enterprise.
The Company continues to develop its diamond technology while
operating its factory to maximize revenue.  The Company experienced
a process water leak in our facility in mid-December 2015 causing
damage to our diamond growers and a temporary interruption in
production.  The shutdown had a significant negative impact on
revenue and delayed attainment of the Company's near-term business
objectives.  While the Company's insurance carrier provided it with
$350,000 during the fiscal year ended March 31, 2016, to cover the
cost of the business interruption, the Company anticipates there
may be on-going negative impact on its business as it has returned
to full production capacity.

"These factors raise substantial doubt about the Company's ability
to continue as a going concern," the Company stated in the report.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/r2BXZy

                      About Scio Diamond

Scio Diamond Technology Corporation was incorporated under the laws
of the State of Nevada as Krossbow Holding Corp. on Sept. 17, 2009.
The Company's focus is on man-made diamond technology development
and commercialization.

Scio Diamond reported a net loss of $3.62 million on $616,758 of
revenue for the year ended March 31, 2016, compared to a net loss
of $4.14 million on $726,193 of revenue for the year ended March
31, 2015.

Cherry Bekaert LLP, in Greenville, South Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended March 31, 2016, citing that the Company has
generated limited revenue, incurred net losses and incurred
negative operating cash flows since inception and will require
additional financing to fund the continued development of products.
The availability of such financing cannot be assured. These
conditions raise substantial doubt about its ability to continue as
a going concern.


SCRANTON-LACKAWANNA: S&P Rates $24.6MM Parking Bonds BB+
--------------------------------------------------------
S&P Global Ratings assigned its 'BB+' rating to the
Scranton-Lackawanna Health and Welfare Authority (Scranton Parking
System Concession Project), Pa.'s approximately $24.6 million
series 2016A senior parking revenue current interest bonds, $2.2
million series 2016B senior parking revenue current interest bonds,
and $2.2 million series 2016C senior parking capital appreciation
bonds.  The outlook is stable.

The 2016 bonds have a senior lien and will be paid from net
revenues from community development properties, Community
Development Properties Scranton (CDPS) Inc., the concessionaire who
entered into agreements to operate certain parking and parking
meter assets.  The assets include four off-street parking garages
with 2,001 spaces, 500 parking spaces at the mall garages and
approximately 1,479 on-street metered parking spaces in the
Scranton central business district.

"The rating reflects our view of a parking system that is
diverse-but-small, and which will be highly leveraged and require
initial revenue enhancements and regular rate increases to address
escalating debt service requirements in a service area with
below-average wealth levels," said S&P Global Ratings credit
analyst Todd Spence.

Proceeds from the 2016 bonds will fund the payment for entering the
structured parking and metered parking concession agreements, pay
for capital improvements, fund the debt service reserve, and pay
costs of issuance.

S&P believes the parking system benefits from serving central
business district in Scranton with major medical facilities,
education facilities, government organizations, shopping, and
nightlife, which provide a good base of demand for parking.

In S&P's opinion, the service area has exhibited adequate
population trends and stabilizing employment. From 2000-2015,
Scranton's population declined modestly, to 75,615 in 2015 from
76,082 in 2000. The population of Lackawanna County increased
modestly, to 213,895 from 212,925.  The unemployment rate has
declined and is similar to the state average at 4.7% in 2015. Based
on U.S. Bureau of Economic Analysis data, the city's labor force
declined to 279,100 in 2015 from 305,200 in the year 2000.

The stable outlook reflects S&P's expectation that demand and
revenue will meet the minimum coverage levels provided in the
financial forecast and that officials will maintain all required
deposits in the indenture.

S&P could raise the rating if net revenues provide DSC higher than
forecast and S&P believes the increase is sustainable.

If revenues and expenses yield DSC that is below forecast or if the
concessionaire incurs additional debt S&P could lower the rating.


SENSUS USA: S&P Puts 'B' CCR on CreditWatch Positive
----------------------------------------------------
S&P Global Ratings said that it has placed all of its ratings on
Raleigh, N.C.-based Sensus U.S.A. Inc., including S&P's 'B'
corporate credit rating, on CreditWatch with positive
implications.

"Xylem Inc. announced today that it intends to acquire Sensus
U.S.A. Inc. for $1.7 billion," said S&P Global credit analyst James
Siahaan.  "The CreditWatch positive placement reflects the
potential that we could upgrade Sensus to equalize our ratings on
the company with our ratings on Xylem Inc. before we withdraw
them."  Sensus is a global manufacturer of smart meters and
associated infrastructure that generated $870 million of revenue
and $181 million of adjusted EBITDA during the trailing 12 months
ended June 30, 2016.

S&P intends to resolve the CreditWatch placement on Sensus in the
next 90 days after S&P conducts its review.  S&P's review will
focus on the combined company's expected operating performance,
growth strategies, and proposed capital structure, as well as the
likelihood that the deal will receive regulatory approval and any
other potential impediments that may prevent the completion of the
transaction.

S&P could potentially equalize its rating on Sensus with those on
Xylem because Sensus will likely become a core subsidiary of Xylem
given its meaningful contribution to the combined company's sales
and operations.  When the transaction closes, which S&P expects
will occur at the end of 2016, S&P will likely withdraw its ratings
on Sensus if its debt has been repaid.


SEQUENOM INC: Faces Lawsuit Over Proposed LabCorp Transaction
-------------------------------------------------------------
A putative class action lawsuit was filed by a single plaintiff in
the United States District Court for the Southern District of
California (Case No. 3:16-cv-02054-JAH-BLM) against Sequenom and
individual members of Sequenom's Board of Directors on Aug. 15,
2016.

The action, styled Todd Malkoff v. Sequenom, Inc., et al., alleges
that (i) Sequenom and individual members of Sequenom's Board of
Directors violated Sections 14(e) and 14(d)(4) of the Exchange Act
and Rule 14D-9 thereunder by failing to disclose material
information in Sequenom's Solicitation/Recommendation Statement on
Schedule 14D-9, filed with the SEC on Aug. 9, 2016, regarding
potential conflicts of interest on the part of the individual
directors and (ii) individual members of Sequenom's Board of
Directors (a) violated Section 20(a) of the 1934 Act as controlling
persons who had the ability to prevent the issuance of the
Recommendation Statement or to cause it to not be materially false
or misleading and (b) violated the fiduciary duties of care,
loyalty, good faith and independence owed to Sequenom and its
public stockholders by failing to properly value Sequenom.

The plaintiff seeks (i) an order certifying the action as a class
action and appointing plaintiff as the class representative and his
counsel as class counsel, (ii) a declaration that the
Recommendation Statement is materially false or misleading, (iii)
an injunction against the acquisition of the Company by Purchaser
and LabCorp or, in the alternative, to rescind the sale of the
Company and award plaintiff and the class rescissory damages, (iv)
an accounting of all profits and any special benefits allegedly
improperly received by the defendants in an unspecified amount, (v)
an award of the costs of this action, including reasonable fees and
expenses of plaintiff's attorneys and experts and (vi) such further
relief as the court deems just and proper."

                        About Sequenom

Sequenom, Inc. (NASDAQ: SQNM) -- http://www.sequenom.com/-- is a
life sciences company committed to improving healthcare through
revolutionary genetic analysis solutions.  Sequenom develops
innovative technology, products and diagnostic tests that target
and serve discovery and clinical research, and molecular
diagnostics markets.  The company was founded in 1994 and is
headquartered in San Diego, California.

Sequenom reported a net loss of $16.3 million on $128 million of
total revenues for the year ended Dec. 31, 2015, compared to net
income of $1.01 million on $152 million of total revenues for the
year ended Dec. 31, 2014.

As of June 30, 2016, Sequenom had $97.3 million in total assets,
$152 million in total liabilities and a $54.5 million total
stockholders' deficit.


SOFINTEK INC: Hires Burger & Comer as Accountant
------------------------------------------------
Sofintek Inc., seeks authority from the U.S. Bankruptcy Court for
the District of Guam to employ Burger & Comer P.C. as accountant
and financial advisor to the Debtor.

Sofintek Inc. requires Burger to:

   a. serve as coordinator of the financial reporting for the
      Business for the Debtor and assist the Debtor's bookkeeper
      on an as-needed basis to facilitate the timely completion
      of their work;

   b. prepare, analyze and review the accounting schedules,
      ledgers and financial statements and financial condition of
      the Debtor;

   c. review the Debtor's historical and projected results of
      operations and operating cash flows before and after
      expenses;

   d. review the terms and conditions of the Debtor's existing
      receivables and indebtedness;

   e. assist the Debtor with its analysis and design of
      restructuring plan;

   f. assist the Debtor with evaluation of strategic
      alternatives, including a potential sale of some
      or all of their property;

   g. assist the Debtor in negotiations with existing
      creditors or their authorized representatives; and

   h. provide such other financial advisory services as are
      appropriate and reasonable in connection with the
      bankruptcy proceedings, including expert testimony at
      adequate protection, relief from stay, cash collateral,
      secured status determination, plan confirmations and
      other hearings.

Burger will be paid at these hourly rates:

     CPA           $120
     Managers      $80
     Staff         $40

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

David Burger, member of Burger & Comer P.C., assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Burger can be reached at:

     David Burger
     BURGER & COMER P.C.
     P.O. Box 504053
     Saipan, MP 96950
     Tel: (670) 235-8722
     Fax: (670) 235-6905

                       About Sofintek Inc.

Sofintek Inc., d.b.a. Skydrenaline Zone, filed a Chapter 11
bankruptcy petition (Bankr. D. Guam Case No. 1:16-bk-00072) on June
24, 2016.  Mark Williams, Esq., at The Law Office of Mark E.
Williams, P.C., serves as the Debtor's bankruptcy counsel.


SONDIAL PROPERTIES: Proposes to Use Cash Held by CPIF Decatur
-------------------------------------------------------------
Sondial Properties, LLC asks the U.S. Bankruptcy Court for the
Northern District of Georgia for authorization to use cash
collateral currently held by CPIF Decatur Office, LLC.

The Debtor tells the Court that CPIF holds a first priority
security interest in the Debtor’s real estate and improvements
located at 1670 Scott Boulevard, Decatur, Georgia 30033, and that
the sole source of Debtor’s income is rental revenue from tenants
occupying the Property.

The Debtor relates that CPIF has a security interest on the
Property for an indebtedness which is currently in the excess of
$8.5 million, while the value of the Property "as-is", according to
a formal appraisal conducted on April 2016 by a reputable appraisal
firm is $12,000,000.  The Debtor further relates that it recently
received an offer for the purchase of this property in excess of
$11,000,000.

The Debtor requires the use of cash collateral on an ongoing
monthly basis to preserve the value of its Property for the benefit
of all creditors and other parties in interest.  The Debtor
proposes to use cash collateral in the ordinary course, for
purposes of carrying on the ordinary use and preservation of the
Property.

A full-text copy of the Cash Collateral Motion, dated August 9,
2016, is available at https://is.gd/Z6xAvB

Counsel for Sondial Properties, LLC:

       George M. Geeslin, Esq.
       GEORGE M. GEESLIN
       Two Midtown Plaza, Ste 1350
       1349 West Peachtree Street
       Atlanta, GA 30309
       Phone: (404) 841-3464
       Fax: (866) 253-2313
       Email: george@gmgeeslinlaw.com


                            About Sondial Properties

Sondial Properties, LLC filed a chapter 11 petition (Bankr. N.D.
Ga. Case No. 16-63236) on Aug. 1, 2016.  The petition was signed by
Alphonso Waters, managing member.  The Debtor is represented by
George M. Geeslin, Esq., at George M. Geeslin.  The Debtor
estimated assets and liabilities at $10 million to $50 million at
the time of the filing.


SOUTHERN SEASON: Selling Substantially All Assets to Focus
----------------------------------------------------------
Southern Season, Inc., asks the U.S. Bankruptcy Court for the
Middle District of North Carolina to authorize the sale of
substantially all assets to The Focus Properties, Inc., subject to
overbid.

On April 15, 2016, the Debtor, its affiliates, and SummitBridge
National Investments IV, LLC entered into a certain Forbearance
Agreement pursuant to  which, inter alia, the Debtor acknowledged
that the total outstanding indebtedness under the Loan Agreement
was $4,496,743, consisting of principal of $4,450,000, and accrued
interest of $46,743, as of April 1, 2016.

SummitBridge asserts a first priority security interest in the
Debtor's accounts receivable and inventory, as well as a first
priority security interest in the Debtor's equipment, and other
tangible and intangible assets.  The amount outstanding on the
SummitBridge indebtedness as of the Petition Date is approximately
$4,450,000.

As of the Petition Date, the Debtor had inventory totaling
approximately $3,528,693, calculated on a cost basis.

Pursuant to the Existing Interim DIP Financing Orders, Silk Route
Capital Corp. was granted a lien and security interest in all of
the Debtor's assets provided that such liens and security interests
do not extend to Avoidance Actions and are subordinated to allowed
PACA trust claims, the lien of SummitBridge National Investments,
IV, LLC and Permitted Trailing Expenses.

Prior to July 26, 2016, Silk Route had advanced $250,000 to the
Debtor.  On July 26, 2016, after a further hearing on the use of
cash collateral and postpetition financing with Silk Route had been
conducted, the Debtor sent a draw request to Silk Route, requesting
that it advance $400,000 under the Post-Petition Credit Agreement.
Pursuant to Section 1.2 of the Post-Petition Credit Agreement, Silk
Route was obligated to transfer the proceeds to the Debtor within 3
business days of the draw request. Silk Route disbursed only
$122,000 to the Debtor by July 29, 2016.  As of the date of the
Sale Motion, Silk Route has not disbursed the balance of the
outstanding draw request, and the Debtor has determined that Silk
Route is either unable or unwilling to disburse the committed
funds.

On Aug. 4, 2016, the Debtor filed a motion to employ Three
Twenty-One Capital Partners, LLC ("321 Capital") as its investment
banker, primarily to provide services in connection with marketing
and locating the highest and best potential bidders for the
Debtor's assets in a going concern sale.  On Aug. 10, 2016, the
employment of 321 Capital was approved in open Court, but a signed
Order has not yet been entered.

On Aug. 8, 2016, John Fioretti of ABTV was appointed as the
Debtor's Chief Restructuring Officer ("CRO").  The CRO has the full
and complete authority to manage the affairs of the Debtor. The CRO
is currently evaluating the Debtor's business and affairs in order
to determine whether to pursue reorganization, a sale process or
alternative outcome for this chapter 11 case.

On Aug. 10, 2016, the Court entered an Interim Order Granting
Authority to Obtain Post-Petition Financing From SummitBridge
National Investments IV,  LLC, which authorized the Debtor, on an
interim basis, to obtain post-petition financing of up to $500,000
from SummitBridge, secured by a priming lien on substantially all
of the Debtor's assets, subject only to allowed PACA trust claims.
On Aug. 10, 2016, SummitBridge advanced approximately $282,000 to
the Debtor.

The Debtor seeks approval of the sale of substantially all of the
Debtor's assets to The Focus Properties free and clear of all
claims, liens encumbrances and interests, pursuant to the sale
procedures.

The Debtor proposes this schedule in connection with the sale of
the Assets:

   a. Aug. 15, 2016: Sale Procedures Hearing and entry of Sale
Procedures Order

   b. Aug. 18, 2016: Deadline to submit Initial Bids

   c. Aug. 19, 2016: Auction and Final Hearing

   d. Aug. 22, 2016: Deadline for Sale Closing

Subject to any final modifications or revisions to the Asset
Purchase Agreement prior to the initial hearing on the Motion, the
assets to be purchased pursuant to the Sales Procedures ("Sale
Assets") consist of all of the Debtor's (i) inventory, equipment,
machinery, instruments, vehicles, furniture, fixtures and all other
tangible property, (ii) prepaid expenses, credit card processing
reserves and security deposits, (iii) accounts receivable, (iv)
proprietary information, trade secrets and confidential
information, technical information and data, trademarks, trade
names, and  service marks, including but not limited to the "A
Southern Season" name and logo, (v) machinery and equipment
warranties and service contracts, (vi) all other documentation
related to the operation of the Store, including all licenses and
permits necessary to the operation, (vii) all books and records
related to the Sale Assets and the operation of the Debtor's
stores, including all financial, accounting and property tax
records, computer data and programs, market data, and records and
all correspondence with and documents pertaining to suppliers,
governmental authorities and other third parties, (viii) the
Debtor's e-commerce online store and platform, to include
http://www.SouthernSeason.com/, the Holiday Season print magazine
and telephone call center, and associated goodwill and IP.

The Debtor and the Stalking Horse Bidder are in the process of
finalizing a certain Asset Purchase Agreement ("Stalking Horse
Agreement") which will be finalized and filed as a supplemental
document to the motion.  Pursuant to the Sale Procedures, any
entity other than the Stalking Horse Bidder that is interested in
purchasing the Sale Assets will be required to submit a definitive
"Asset Purchase Agreement" specifying all terms and conditions of
their offer, and bids may not be subject to further due diligence
after or conditional upon obtaining financing in order to close the
transaction after the auction sale.

It is contemplated that the Stalking Horse Agreement will provide
that the Debtor will assume and assign to the Stalking Horse Bidder
at closing the real property leases with respect to the following
premises: (i) the Southern Season Store and Weathervane Restaurant
at 201 S. Estes Drive, Chapel Hill, NC 27514, (ii) the "Taste
Store" located at 443-B207 Daniels Street, Raleigh, NC 27605, and
(iii) the "Taste Store" located at 4 Swan Street, Asheville, NC
28803.  It is contemplated that the Stalking Horse Agreement will
provide that the seller will pay at closing all cure costs
necessary in connection with the assumption and assignment of the
assumed leases.  No other leases of personal property or real
property, nor any other executory contracts, will be assumed by the
purchaser or assigned at closing.

The Debtor believes the assumed leases cure costs with respect to
the Southern Season Store and Weathervane Restaurant at 201 S.
Estes Drive, Chapel Hill, NC 27514 will be $51,559, which is the
rent payment due Aug. 1, 2016.

The Debtor believes the assumed leases cure costs with respect to
the "Taste Store" located at 443-B207 Daniels Street, Raleigh, NC
27605, are $12,932, which is the rent payment due Aug. 1, 2016.

The Debtor believes the assumed leases cure costs with respect to
the "Taste Store" located at 4 Swan Street, Asheville, NC 28803,
are $4,666, which is the security deposit due. Rent does not
commence under this lease until Oct. 1, 2016.

The net sale proceeds from the sale of the Sale Assets shall be
allocated as follows:

   a. Payment of compensation and reimbursement of expenses to 321
Capital.

   b. Then, payment of $62,000, to be held in the trust account of
counsel for the Debtor, to be available for the payment of allowed
PACA trust claims, and any remaining un

   c. Then, payment of the entire amount of SummitBridge's
postpetition indebtedness under the Interim Order Granting
Authority to Obtain Post-Petition Financing From SummitBridge
National Investments IV, LLC.

   d. Then, an amount equal to actual Permitted Trailing Expenses
excluding professional fees not to exceed $500,000, to be held in
the trust account of  counsel for the Debtor, to be available for
the payment of Permitted Trailing Expenses as that term is defined
in the existing cash collateral and DIP financing orders of the
Court, to be disbursed pursuant to further order(s) of the Court.

   e. Then, $175,000, to be held in the trust account of counsel
for the Debtor, to be available for payment of the professional
fees of the Debtor's counsel, the Committee's counsel, and the
Debtor's CRO;

   f. Then, 2% of the remaining sale proceeds after the payment of
the items in sub-paragraphs (a) through (e) above, to be placed in
the trust account of counsel for the Debtor, which will be
carved-out from and not subject to any lien or security interest of
SummitBridge, will be preserved for the benefit of the Debtor's
bankruptcy estate, and will be disbursed pursuant to further
order(s) of the Court.

   g. Then, all remaining sale proceeds after payment of the items
in (a) through (f) above, up to but not to exceed the entire
outstanding balance of SummitBridge's prepetition indebtedness.

   h. Then, any remaining sale proceeds, to be held in the trust
account of counsel for the Debtor, which will be disbursed pursuant
to further order(s) of the Court.

A copy of the Sale Procedures attached to the Motion is available
for free at:

     http://bankrupt.com/misc/Southern_Season_163_Sales.pdf

                      About Southern Season

Southern Season, Inc., was founded in 1975 and is a premier retail
destination for specialty food and gifts.  It currently operates
its flagship retail store located in Chapel Hill, North Carolina,
and its three "Taste of Southern Season" stores in Asheville,
Raleigh, North Carolina and Charleston, South Carolina.

Southern Season sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D.N.C. Case No. 16-80558) on June 24,
2016.  The petition was signed by Clay Hammer, CEO.

On Aug. 8, 2016, John Fioretti of ABTV was appointed as the
Debtor's Chief Restructuring Officer.  The CRO has the full and
complete authority to manage the affairs of the Debtor.

The Debtor is represented by John Paul H. Cournoyer, Esq., at
Northen Blue, LLP, and Richard M. Hutson, II, Esq., at Hutson Law
Offices, P.A.  The case is assigned to Judge Benjamin A. Kahn.

At the time of the filing, the Debtor disclosed $9.82 million in
assets and $18.3 million in liabilities.


SPECTRASCIENCE INC: Posts $88K Net Loss for 2nd Quarter 2016
------------------------------------------------------------
SpectraScience Inc. filed with the Securities and Exchange
Commission its Form 10-Q report for the quarterly period ended June
30, 2016.

SpectraScience posted a net loss of $88,182 for the quarter, from a
net loss of $743,261 for the same period a year ago.  For the first
half of 2016, SpectraScience posted a net loss of $2,144,516 from a
net loss of $2,452,951 for the same period in 2015.

SpectraScience posted $950 in revenues for the second quarter.  It
did not post any revenues during the first quarter this year.

At June 30, 2016, the Company had $1,656,771 in total assets, total
current liabilities of $10,425,813, total mezzanine equity of
$30,850 and total shareholders' deficit of $8,799,892.

As of June 30, 2016, the Company had a working capital deficit of
$10,024,040 and cash of $27,860, compared to a working capital
deficit of $8,324,600 and cash of $127,493 as of Dec. 31, 2015.  In
December 2011, the Company entered into an Engagement Agreement
with Laidlaw & Company (UK) Ltd., which Engagement Agreement was
amended in July 2012.  Under the Engagement Agreement, Laidlaw
agreed to assist the Company in raising up to $20.0 million in
capital over a two-year period from the date of the Engagement
Agreement.

Subsequent to March 31, 2013, the Company has engaged other agents
to assist the Company with raising capital and has commenced
raising capital on its own. During the six months ended June 30,
2016, the Company raised $811,000, net of transaction costs of
$24,000, under these agreements.  However, if the Company does not
receive additional funds in a timely manner, the Company could be
in jeopardy as a going concern.

The Company may not be able to find alternative capital or raise
capital or debt on terms that are acceptable. Management believes
that if the events defined in the Engagement Agreements occur as
expected, or if the Company is otherwise able to raise a similar
level of funds, such proceeds will be sufficient to allow the
Company to sustain operations until it attains profitability and
positive cash flows from operations. However, the Company may incur
unknown expenses or may not be able to meet its revenue
expectations requiring it to seek additional capital. In such
event, the Company may not be able to find capital or raise capital
or debt on terms that are acceptable.

The holders of Convertible Debentures control the conversion of the
Convertible Debentures and certain of the Convertible Debentures
were not converted at their maturity constituting a potential
default on the matured, but unconverted, Convertible Debentures.
In the event of such default, principal, accrued interest and other
related costs are immediately due and payable in cash.  As of June
30, 2016, Convertible Debentures with a face value of $4,882,276
held by 79 individual investors are in default.  None of these
investors have served notice of default on the Convertible
Debentures held by them.

A copy of the Company's SEC report is available at
https://is.gd/QuX5bj
      
SpectraScience, Inc. develops and manufactures innovative Laser
Induced Fluorescence spectrophotometry systems capable of
determining whether tissue is normal, pre-cancerous or cancerous
without removing tissue from the body. The WavSTAT Optical Biopsy
System is SpectraScience's first product to incorporate its
proprietary fluorescence technology for clinical use. The WavSTAT
System carries the CE mark designation which allows for the sale
and marketing in the European Union for the diagnosis of cancer.  


SPENDSMART NETWORKS: Reports Second Quarter 2016 Results
--------------------------------------------------------
SpendSmart Networks, Inc., doing business as "SMS Masterminds,"
reported its financial results for the second quarter and year to
date ended June 30, 2016.

Revenues for the second quarter of fiscal 2016 were $1.61 million,
and grew 12.6% from first quarter of fiscal 2016.  Year to date
revenues through second quarter of 2016 were $3.04 million.

Net loss for the second quarter of 2016 was $135,300 compared to a
net loss of $1.29 million for the second quarter of 2015.  Stock
based compensation costs for the second quarter of 2016 totaled
$269,000 while the effects of depreciation, amortization of
intangible assets and debt discount, interest, inducement for
exercise of warrants, and changes in the Company's derivatives and
earn-out liabilities totaled $427,000.

Luke Wallace, who assumed the role CEO of SMS Masterminds in April
2016, stated: "We continue to right size the company, reducing
expenses while growing the licensee network and expanding
technology to assist small and medium size businesses effectively
engage and monetize their customer base.  We're committed to
providing the highest level of support for our licensees and the
millions of subscribers in our loyalty network."

                     About SpendSmart Networks

SpendSmart Networks provides proprietary loyalty systems and a
suite of digital engagement and marketing services that help local
merchants build relationships with consumers and drive revenue.
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 and website
development.  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 reported a net loss of $11.9 million on $5.58
million of total revenues for the year ended Dec. 31, 2015,
compared to a net loss of $12.2 million on $4.03 million of total
revenues for the year ended Dec. 31, 2014.

As of March 31, 2016, the Company had $3.31 million in total
assets, $7 million in total liabilities and a total stockholders'
deficit of $3.68 million.

EisnerAmper LLP, in Iselin, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has recurring losses
and has yet to establish a profitable operation and at December 31,
2015 has negative working capital and stockholders' deficit.  These
factors among others raise substantial doubt about its ability to
continue as a going concern.


SPIRE CORP: Says Two Directors Resigned
---------------------------------------
Messrs. David R. Lipinski and Roger W. Redmond resigned from the
Board of Directors of Spire Corporation, effective on Aug. 7, 2016,
as disclosed in a regulatory filing with the Securities and
Exchange Commission.

                       About Spire Corp

Bedford, Massachusetts-based Spire Corporation currently develops,
manufactures and markets customized turn-key solutions for the
solar industry, including individual pieces of manufacturing
equipment and full turn-key lines for cell and module production
and testing.

Spire Corporation reported a net loss of $8.52 million in 2013, as
compared with a net loss of $1.85 million in 2012.

As of Sept. 30, 2014, the Company had $9.73 million in total
assets, $15.60 million in total liabilities and a total
stockholders' deficit of $5.87 million.

McGladrey LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company incurred an operating loss from continuing operations
of $8.4 million and cash used in operating activities of
continuing operations was $5.2 million.  The Company's credit
agreement with a bank is due to expire on April 30, 2014.  These
factors raise substantial doubt about its ability to continue as a
going concern.


ST. STEPHENSON M.B.: Case Summary & 2 Unsecured Creditors
---------------------------------------------------------
Debtor: St. Stephenson M.B. Church
        1319- 21 South Ashland
        Chicago, IL 60608

Case No.: 16-26458

Chapter 11 Petition Date: August 17, 2016

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Pamela S. Hollis

Debtor's Counsel: Glenda J. Gray, Esq.
                  LAW OFFICE OF GLENDA J GRAY
                  223 West Jackson Blvd., Suite 1116
                  Chicago, IL 60606
                  Tel: (312) 386-1010
                  Fax: (312) 386-1020
                  E-mail: ladylawgray@aol.com

Total Assets: $1.60 million

Total Liabilities: $61,430

The petition was signed by Clem Ferguson, Sr., president/pastor.

A copy of the Debtor's list of two unsecured creditors is available
for free at http://bankrupt.com/misc/ilnb16-26458.pdf


STAR BODY EXPERT: Unsecured Creditors to Get 10% Under Plan
-----------------------------------------------------------
Star Body Expert, Inc., filed a small business Chapter 11 plan of
reorganization and accompanying disclosure statement, proposing to
pay Class 5 - General Unsecured Claims a note for an amount
equivalent to 10% of their allowed claims ($1,079.95) payable in 60
monthly installments.

The total amount of claims in Class 5 is $647,982.88, and will
receive 10% of their allowed claims ($64,798.28) in a pro rata
basis.

Class 2 - Secured Claim No. 1 of First Bank, in the amount of
$727,844.46, is reduced to $600,000 which will be paid in the
following terms: 240 monthly payment of principal and interest at a
rate of 4.25%. The interest rate will be reviewed each fifth
anniversary of the first payment and will be modified to a rate
equal to 1.25% over the prime rate until final payment of the
secure portion of the loan ($600,000), the remaining balance of
claim no. 1 will be treated as a general unsecured creditors and
will receive disbursement according to Class 5.

Class 3 - Small Business Administration will be classified as a
general unsecured claim upon confirmation of the plan of
reorganization and the lien over the real estate property will be
cancelled.

Class 4 - Claims of CRIM and PR Treasury Department, which will be
paid on a monthly basis until fully paid with an interest rate of
3.5%.

The Debtor believes it will have enough cash on hand to pay all the
claims and expenses that are entitled to be paid on that date,
projecting that the Debtor will have an aggregate annual average
cash flow of $10,836 after paying operating expenses and
post-confirmation taxes.

A full-text copy of the Disclosure Statement is available at
http://bankrupt.com/misc/prb15-06125-BKT11-64.pdf

          About Star Body Expert

Star Body Expert, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. P.R. Case No. 15-06125) on August 11,
2015.  The petition was signed by Carlos Olivero Pinero,
president.

The case is assigned to Judge Brian K. Tester.  The Debtor is
represented by Gerardo L Santiago Puig, Esq., at Santiago Puig Law
Offices.

At the time of the filing, the Debtor estimated its assets at
$500,000 to $1 million and debts at $1 million to $10 million.


SUGARMAN'S PLAZA: Hires Phillip Stern as Accountant
---------------------------------------------------
Sugarman's Plaza Limited Partnership asks for permission from the
Hon. Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York to employ Phillip M. Stern and Co. as
accountant, effective July 29, 2016.

The accounting services to be rendered as of July 29, 2016, will be
as follows:

   (a) monitoring the activities of the Debtor;

   (b) assisting in or the preparation of and/or reviewing the
       monthly operating reports, budgets and projections;

   (c) reviewing the filed claims for reasonableness against the
       Debtor's records and filing schedules;

   (d) interacting with the Creditors' Committee and its retained
       professionals, should one be appointed;

   (e) as required, attending meetings with the Debtor and its
       Counsel, meetings with the Creditors and Court hearings;

   (f) assisting in the preparation of the Plan of Reorganization
       and the Disclosure Statement; and

   (g) other assistance as the Debtor and its counsel may deem
       necessary.

Stern will be paid at these hourly rates:

       Partner               $250
       Staff Accountant      $140

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

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

Stern can be reached at:

       Phillip Stern
       PHILLIP M. STERN AND CO.
       1901 51st Street
       Brooklyn, NY 11204
       Tel: (718) 232-0770

                     About Sugarman's Plaza

Sugarman's Plaza Limited Partnership sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No.
16-42496) on June 7, 2016.  The petition was signed by Chaim
Laufer, general partner of TSC Associates.  The case is assigned to
Judge Elizabeth S. Stong.  At the time of the filing, the Debtor
estimated its assets and liabilities at $1 million to $10 million.


SUNEDISON INC: Obtains Amendment to DIP Credit Agreement
--------------------------------------------------------
Sun Edison, Inc., obtained certain amendments to a Senior Secured
Superpriority Debtor-in-Possession Credit Agreement, dated as of
April 26, 2016, as amended, entered into by and among the Company,
the lenders from time to time party thereto, Deutsche Bank AG New
York Branch, as administrative agent, and the letter of credit
issuers and other financial institutions and entities party thereto
from time to time.  

The amendments are reflected in an Amendment No. 5 to Senior
Secured Superpriority Debtor-in-Possession Credit Agreement, dated
as of July 28, 2016, among the Company, the DIP Lenders party
thereto and the DIP Agent.

The DIP Amendment modifies certain provisions in the DIP Credit
Agreement relating to, among other things:

     (a) guaranty and collateral matters;

     (b) certain milestones relating to the Company's restructuring
efforts;

     (c) asset sales, including designated assets that constitute
permitted dispositions under the DIP Credit Agreement;

     (d) intercompany loans and restricted payments;

     (e) withdrawals from the DIP Facilities Blocked Accounts -- as
defined in the DIP Credit Agreement; and

     (f) permitted liens.

In connection with the DIP Amendment, the requisite DIP Lenders
also approved an updated 13-week budget.

In addition, the Company finalized certain amendments to an
Indenture, dated as of January 11, 2016, that governs the Company's
existing outstanding 5% Guaranteed Convertible Senior Secured Notes
due 2018, entered into by and among the Company, the subsidiaries
of the Company from time to time party thereto as guarantors and
Wilmington Trust, National Association, as trustee.  The amendments
are reflected in the First Supplemental Indenture, dated as of
August 9, 2016, among the Company, the subsidiaries of the Company
party thereto as guarantors and the Notes Trustee.

The First Supplemental Indenture modifies certain provisions in the
Prepetition Second Lien Indenture in order to:

     (a) facilitate the provision by certain of the Company's
subsidiaries of guaranties of, and liens securing, the Prepetition
Second Lien Notes pursuant to covenants of the Company set forth in
the DIP Credit Agreement and

     (b) empower, authorize and direct the Notes Trustee to take
actions related to the performance by the Company and its
subsidiaries under the DIP Credit Agreement and/or the Final DIP
Financing Order.

In connection therewith, the Company and certain of its
subsidiaries that are also guarantors under the DIP Credit
Agreement entered into a Second Supplemental Indenture, dated as of
August 10, 2016, among the Company, the Additional Guarantors and
the Notes Trustee, documenting the guaranty of the Prepetition
Second Lien Notes required by the DIP Credit Agreement. The
Additional Guarantors also provided a guaranty of the obligations
under the Company's Second Lien Credit Agreement, dated as of
January 11, 2016.  In connection with such guaranties, the
Additional Guarantors also granted liens on their assets that
constitute collateral under the DIP Credit Agreement, which liens
secure the Prepetition Second Lien Notes and obligations under the
Company's Prepetition Second Lien Credit Agreement.

A copy of the First Supplemental Indenture, dated as of August 9,
2016, among SunEdison, Inc., a debtor and a debtor-in-possession,
the subsidiaries of SunEdison, Inc. party thereto as guarantors and
Wilmington Trust, National Association, as trustee, is available at
https://is.gd/jdCdAM

A copy of the Second Supplemental Indenture, dated as of August 10,
2016, among SunEdison, Inc., a debtor and a debtor-in-possession,
the subsidiaries of SunEdison, Inc. party thereto as guarantors and
Wilmington Trust, National Association, as trustee, is available at
https://is.gd/S8zKtI

A copy of Amendment No. 5 to Senior Secured Superpriority
Debtor-In-Possession Credit Agreement, dated as of July 28, 2016,
among SunEdison, Inc., a debtor and a debtor-in-possession, the
lenders party thereto and Deutsche Bank AG New York Branch, as the
administrative agent, is available at https://is.gd/DGIg4t

A copy of the Company's Disclosure Materials is available at
https://is.gd/L1kPKi

                   About SunEdison, Inc.

SunEdison, Inc., (OTC PINK: SUNEQ) is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean
power
generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

Five affiliates of SunEdison, Inc. and certain of its subsidiaries
on August 9, 2016, commenced cases by filing petitions for relief
under the Bankruptcy Code in the Bankruptcy Court, namely:
Buckthorn Renewables Holdings, LLC (Case No. 16-12298),
Greenmountain Wind Holdings, LLC (Case No. 16-12299), Rattlesnake
Flat Holdings, LLC (Case No. 16-12300), Somerset Wind Holdings,
LLC
(Case No. 16-12301), and SunE Waiawa Holdings, LLC (Case No.
16-12302).

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Jay M. Goffman, Esq., Eric J. Ivester,
Esq.,
James J. Mazza, Jr., Esq., and Louis S. Chiappetta, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP as counsel, Togut, Segal
&
Segal LLP as conflicts counsel, Rothschild Inc. as investment
banker and financial advisor, McKinsey Recovery & Transformation
Services U.S., LLC, as restructuring advisors and Prime Clerk LLC
as claims and  noticing agent.  The Debtors employed
PricewaterhouseCoopers LLP as financial advisors; and KPMG LLP as
their auditor and tax consultant.

An official committee of unsecured creditors has been appointed in
the case.  The committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.

In August 2016, Judge Bernstein denied the shareholders' motion for
appointment of an official committee of equity security holders.


SUNVALLEY SOLAR: Needs More Time to File Form 10-Q
--------------------------------------------------
SunValley Solar, Inc., filed a Form 12b-25 with the Securities and
Exchange Commission notifying the delay in the filing of its
quarterly report on Form 10-Q for the period ended June 30, 2016.
The Company was unable to compile the necessary financial
information required to prepare a complete filing.  Thus, the
Company would be unable to file the periodic report in a timely
manner without unreasonable effort or expense.  The Company expects
to file within the extension period.

                   About Sunvalley Solar

Sunvalley Solar, Inc., is a California-based solar power
technology and system integration company.  Since the inception of
its business in 2007, the company has focused on developing its
expertise and proprietary technology to install residential,
commercial and governmental solar power systems.

Sunvalley Solar reported net income of $195,811 on $5.78 million of
revenues for the year ended Dec. 31, 2015, compared with a net loss
of $1.28 million on $3.31 million of revenues for the year ended
Dec. 31, 2014.

As of March 31, 2016, SunValley had $5.52 million in total assets,
$4.18 million in total liabilities and $1.34 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, 2015, citing that the
Company has an accumulated deficit of $3.45 million, which raises
substantial doubt about its ability to continue as a going
concern.


TAVERNA OUZO GROUP: Exclusive Plan Filing Date Extended to Nov. 14
------------------------------------------------------------------
Judge Michael B. Kaplan of the U.S. Bankruptcy Court for the
District of New Jersey extended Taverna Ouzo Group, Inc.'s
exclusive periods within which to file a plan of reorganization and
solicit acceptances thereto.

The Debtor's exclusive period within which to file a plan of
reorganization was extended from August 14, 2016 to November 14,
2016.

The Debtor's exclusive period within which to solicit acceptances
of a plan of reorganization was extended from October 13, 2016 to
December 12, 2016.

Taverno Ouzo Group, Inc. is represented by:

          Brian W. Hofmeister, Esq.
          LAW FIRM OF BRIAN W. HOFMEISTER, LLC
          691 State Highway 33
          Trenton, NJ 08619
          Telephone: (609) 890-1500
          Email: bwh@hofmeisterfirm.com

                About Taverna Ouzo Group, Inc.

Taverna Ouzo Group, Inc., is a restaurant located at 146 Applegarth
Road, Monroe Township, New Jersey 08831.  It filed a Chapter 11
petition (Bankr. D.N.J. Case No. 15-21509) on June 19, 2015.  The
petition was signed by Anastasios Stefanopoulos, president.  The
Debtor is represented by Brian W. Hofmeister, Esq. --
bwh@hofmeisterfirm.com -- at the Law Firm of Brian W. Hofmeister,
LLC.  The Debtor estimated assets and liabilities at $0 to $50,000
at the time of the filing.


TECHPRECISION CORP: Posts $445,000 Net Income for First Quarter
---------------------------------------------------------------
Techprecision Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $445,303 on $4.64 million of net sales for the three months
ended June 30, 2016, compared to net income of $206,351 on $4.37
million of net sales for the three months ended June 30, 2015.

As of June 30, 2016, Techprecision had $11.99 million in total
assets, $9.81 million in total liabilities and $2.18 million in
total stockholders' equity.

"Our liquidity is highly dependent on the availability of financing
facilities and our ability to improve our gross profit and
operating income.  If we successfully execute on our business
plans, improve gross profit and operating income, and reduce our
operating costs, then we believe our available cash will be
sufficient to fund our operations, capital expenditures and
principal and interest payments under our debt obligations through
the 12 months from the issuance date of our financial statements,"
the Company said.

At June 30, 2016 and March 31, 2016, the Company had working
capital of $1.9 million and $0.5 million, respectively.

"This was another quarter of operational and financial progress as
we delivered a profit for our fifth consecutive quarter," stated
Alexander Shen, TechPrecision's chief executive officer.  "We more
than doubled net income on a 6% increase in sales, as we continue
to benefit from our consistent sharp focus on productivity
initiatives and top line growth with key customers.  This progress
has enabled us to refinance our equipment loan with a new lender,
part of an ongoing effort to improve our balance sheet.  As a
result, we reported $2.9 million in cash and $1.9 million in
working capital at June 30, 2016, both significantly improved
compared to March 31, 2016 levels."

"Moving forward, we intend to maintain the sharp focus that led us
to this point of our recovery," continued Mr. Shen.  "We continue
to replenish our backlog, focusing on new business contracts with
our core customers which utilize our core competencies in custom,
large scale, high precision fabrication and machining, and leverage
our established expertise, certifications, and qualifications in
the defense, nuclear, and precision industrial sectors."

"Our backlog at July 31, 2016 was approximately $20.2 million,
compared to $17.1 million and $19.8 million at June 30, 2016 and
March 31, 2016, respectively," added Mr. Shen.  "We have not
altered our focus.  We target defense, nuclear and precision
industrial as our primary markets."

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/g4hYQT

                        About TechPrecision

TechPrecision Corporation (OTC BB: TPCSE), through its wholly owned
subsidiaries, Ranor, Inc., and Wuxi Critical Mechanical Components
Co., Ltd., globally manufactures large-scale, metal fabricated and
machined precision components and equipment.

TechPrecision reported net income of $1.35 million on $16.9 million
of net sales for the year ended March 31, 2016, compared to a net
loss of $3.58 million on $18.2 million of net sales for the year
ended March 31, 2015.


TELKONET INC.: Incurs $672,000 Net Loss in Second Quarter
---------------------------------------------------------
Telkonet, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $671,626
on $4.26 million of total net revenue for the three months ended
June 30, 2016, compared to net income of $523,511 on $4.75 million
of total net revenue for the three months ended
June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $551,504 on $8.89 million of total net revenue compared to
a net loss of $220,567 on $7.33 million of total net revenue for
the six months ended June 30, 2015.

As of June 30, 2016, Telkonet had $11.59 million in total assets,
$5.57 million in total liabilities and $6.02 million in total
stockholders' equity.

"While we experienced a significant increase in costs during our
fiscal 2016 second quarter, the majority of these were attributable
to the contested proxy contest that was completed at our annual
Shareholder meeting on June 27.  With this conclusion, we've
assuaged the concerns of our customers and partners and normalized
our expenses to traditional levels," stated Jason Tienor, Telkonet
chief executive officer.  "With the new board members actively
working with our management team, we look forward to continuing the
growth rate demonstrated thus far through 2016 and moving the
company toward profitability."

"Through a quarter of considerable activity, we continued to
demonstrate the strength of our platform and our innovation in
development.  Through growth in the Education, MDU and Multiple
Tenant Unit ("MTU") markets, we've shown that we've expanded our
portfolio across verticals and increased our total accessible
market.  We look forward to expanding this growth through new
corporate agreements increased channel growth," stated Tienor.

The Company's liquidity plan includes reviewing options for raising
additional capital including, but not limited to, asset-based or
equity financing, private placements, and/or disposition of assets.
Management believes that with additional financing, the Company
will be able to fund required working capital, research and
development and marketing expenses necessary to promote revenue
growth.  However, any equity financing may be dilutive to
stockholders and any additional debt financing would increase
expenses and may involve restrictive covenants.  While the Company
has been successful in securing financing through Sept. 30, 2018,
with the Heritage Bank Loan Agreement to provide adequate funding
for working capital purposes, there is no assurance that obtaining
additional or replacement financing, if needed, will sufficiently
fund future operations, repay existing debt or implement the
Company's growth strategy.  The Company's failure to execute on
this strategy may have a material adverse effect on its business,
results of operations and financial position.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/jJozBC

                       About Telkonet

Milwaukee, Wisconsin-based Telkonet, Inc., is a clean technology
company that develops and manufactures proprietary energy
efficiency and smart grid networking technology.

Telkonet reported a net loss attributable to common stockholders of
$207,357 on $15.08 million of total net revenues for the year ended
Dec. 31, 2015, compared with a net loss attributable to common
stockholders of $95,403 on $14.79 million of total net revenues for
the year ended Dec. 31, 2014.


TONGJI HEALTHCARE: Delays Filing of June 30 Form 10-Q
-----------------------------------------------------
Tongji Healthcare Group, Inc., has encountered a delay in
assembling the information, in particular its financial statements
for the quarter ended June 30, 2016, required to be included in its
June 30, 2016 Form 10-Q Quarterly Report.  The Company expects to
file its June 30, 2016 Form 10-Q Quarterly Report with the U.S.
Securities and Exchange Commission within 5 calendar days of the
prescribed due date.

                    About Tongji Healthcare

Based in Nanning, Guangxi, the People's Republic of China, Tongji
Healthcare Group, Inc., a Nevada corporation, operates Nanning
Tongji Hospital, a general hospital with 105 licensed beds.

Tongji reported a net loss of $589,000 on $2.37 million of total
operating revenue for the year ended Dec. 31, 2015, compared to a
net loss of $462,000 on $2.52 million of total operating revenue
for the year ended Dec. 31, 2014.

As of March 31, 2016, the Company had $16.92 million in total
assets, $19.93 million in total liabilities and a total
stockholders' deficit of $3.01 million.

Anton & Chia, LLP, in Newport Beach, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015.


TRANSGENOMIC INC: Recurring Losses Raise Going Concern Doubt
------------------------------------------------------------
Transgenomic, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $997,000 on $505,000 of net sales for the three months ended
June 30, 2016, compared to a net loss of $3.27 million on $442,000
of net sales for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $4.26 million on $741,000 of net sales compared to a net
loss of $6.31 million on $1.19 million of net sales for the six
months ended June 30, 2015.

As of June 30, 2016, Transgenomic had $3.09 million in total
assets, $19.38 million in total liabilities and a total
stockholders' deficit of $16.3 million.

The Company has incurred substantial operating losses and has used
cash in its operating activities for the past several years.  As of
June 30, 2016, the Company had negative working capital of $15.9
million.

The audit report issued by Ernst & Young LLP, in Hartford,
Connecticut, the Company's independent registered public accounting
firm, for its financial statements for the fiscal year ended Dec.
31, 2015, states that Ernst & Young has substantial doubt in the
Company's ability to continue as a going concern due to the risk
that the Company may not have sufficient cash and liquid assets at
Dec. 31, 2015, to cover its operating and capital requirements for
the next 12 months.

"If that is the case, and if sufficient cash cannot be obtained, we
would have to substantially alter, or possibly even discontinue,
operations.  Additionally, as of June 30, 2016, we do not believe
that we will have sufficient cash to meet our operating
requirements for at least the next 12 months.  Our financial
statements and related notes thereto included elsewhere in this
Quarterly Report on Form 10-Q do not include any adjustments that
might result from the outcome of this uncertainty.

"Our current operating plan is designed to improve operating
results, improve collection rates and monetize underutilized
assets.  There are no guarantees that these efforts will be
successful and, if not, we may use more cash than projected and not
be able to meet our current obligations.  As with any operating
plan, there are risks associated with our ability to execute it.
Therefore, there can be no assurance that we will be able to
satisfy our obligations, or achieve the operating improvements as
contemplated by the current operating plan.  If we are unable to
execute this plan, we will need to find additional sources of cash
not contemplated by the current operating plan and/or raise
additional capital to sustain continuing operations as currently
contemplated.  We could seek to raise additional funds through
various potential sources such as through the sale of assets or
sale of debt or equity securities.  However, there can be no
assurance that the additional funding sources will be available to
us at reasonable terms or at all.  If we are unable to achieve our
operating plan or obtain additional financing, our business would
be jeopardized and we may not be able to continue as a going
concern," the Company stated in the report.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/xrBaEa

                       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 $34.3 million on $1.65 million of net sales for the year ended
Dec. 31, 2015, compared to a net loss available to common
stockholders of $15.08 million on $1.24 million of net sales for
the year ended Dec. 31, 2014.


UNIVERSAL SECURITY: Needs More Time to File June 30 Form 10-Q
-------------------------------------------------------------
Universal Security Instruments, Inc., filed a Form 12b-25 with the
Securities and Exchange Commission notifying the delay in the
filing of its quarterly report on Form 10-Q for the period ended
June 30, 2016.

The Company owns a 50% interest in a Hong Kong Joint Venture
operating in the Peoples Republic of China, and financial results
of the Joint Venture must be reflected in its Quarterly Report on
Form 10-Q.  The preparation of the Joint Venture's financial
results has not been completed.

                   About Universal Security

Owings Mills, Maryland-based Universal Security markets and
distributes safety and security products which are primarily
manufactured through its 50%-owned Hong Kong Joint Venture.

At Dec. 31, 2015, the Company had $20,213,695 in total assets,
$3,226,026 in total current liabilities and $16,987,669 in total
shareholders' equity.

"Our history of operating losses, declining revenues in prior
years, and limited financing options raises substantial doubt about
our ability to continue as a going concern.  The Company had net
losses of $1,362,552 for the nine months ended December 31, 2015,
and $3,704,985 and $4,450,244 for the fiscal years ended March 31,
2015 and 2014, respectively.  The Company is monitoring its
liquidity and working capital position in light of continued
operating losses, and decreases in its cash and working capital
position over the past four fiscal years of operations.  In
addition to the expanded factoring agreement with Merchant Factors
Corporation (Merchant) as discussed below, the Company has
negotiated payment terms on its trade accounts payable to the Hong
Kong Joint Venture.  The payment terms on the trade accounts
payable to the Hong Kong Joint Venture provide ninety day repayment
terms on up to $1,000,000 of purchases of the Company's new sealed
product line.  The Company also believes that its cash position can
be improved by a combination of reductions in inventory and by
lowering expenses.  In addition, the Company is prepared to
initiate changes in its operations, if needed, to reduce its
operating costs while maintaining its current level of customer
service.  However, there are potential risks, including that the
Company's revenues may not reach levels required to return to
profitability, costs may exceed the Company's estimates, or the
Company's working capital needs may be greater than anticipated.
Any of these factors may change the Company's expectation of cash
usage in the remainder of the fiscal year ending March 31, 2016,
and beyond, or may significantly affect the Company's level of
liquidity.  These financial statements do not
include any adjustments that might result from the Company not
being able to continue as a going concern," the Company stated in
its quarterly report for the period ended Dec. 31, 2015.


VALEANT PHARMACEUTICALS: Lenders Approve Loan Amendment
-------------------------------------------------------
Valeant Pharmaceuticals International, Inc. (NYSE/TSX: VRX) has
obtained the requisite lender approval for an amendment to its
credit facility.  The Company expects to close the amendment next
week, subject to customary closing conditions.

The amendment will:

     -- reduce the interest coverage maintenance
        covenant to 2.0x, providing additional headroom;

     -- provide additional flexibility to sell assets;

     -- permit the issuance of secured notes with shorter
        maturities to repay term loans;

     -- permit the incurrence of other debt to repay
        term loans

The Company has also agreed to increase each of the applicable
interest rate margins on its credit facility by 0.50% and to pay an
amendment fee equal to 0.25% of the aggregate principal amount of
each consenting lender's outstanding loans and commitments under
the credit facility.

"We are pleased to have the support of our lenders and appreciate
their confidence in the Company's future," said Joseph C. Papa,
chairman and chief executive officer of Valeant. "The amendment
provides us with additional flexibility and allows us to focus on
executing our strategic plan, developing our pipeline and improving
patients' lives."

Anne Steele and Michael Rapoport, writing for The Wall Street
Journal, reported the deal gives Valeant gives it more breathing
room as it continues to dig out from a year of business and
accounting distress.  Valeant, the report noted, is aiming to pare
its $31 billion debt load.

According to the report, the amendment to Valeant's debt agreement
eases a requirement for the Company to maintain a minimum level of
Ebitda (earnings before interest, taxes, depreciation and
amortization) relative to the cash interest it pays on its debt.
The deal lowers that required level to Ebitda of two times
interest, from its previous 2.75. That effectively allows Valeant
to generate less Ebitda while still complying with the requirements
set by its loan holders.

The report added that the move addresses concerns of analysts that
Valeant had too little headroom in producing enough earnings to
meet the old requirement.

                       $302-Mil. Net Loss

On Aug. 9, Valeant reported that net loss in the second quarter of
2016 was $302 million as compared to a net loss of $53 million in
the second quarter of 2015.  As of June 30, 2061, the Company had
total assets of $47.662 billion and $42.259 billion in total
liabilities.

A copy of Valeant's Form 10-Q report for the second quarter is
available at https://is.gd/2n6b4r

The Company said as of June 30, 2016, it was in compliance with all
covenants related to the Company's outstanding debt.  The total
fair value of the Company's long-term debt, with carrying values of
$31.07 billion and $31.09 billion at June 30, 2016 and December 31,
2015, was $27.63 billion and $29.60 billion, respectively.

On April 11, 2016, the Company obtained an amendment and waiver to
its Credit Agreement.  Pursuant to the April 2016 amendment, the
Company obtained an extension to the deadline for filing (i) the
Company's 2015 Form 10-K to May 31, 2016 and (ii) the Company's
Quarterly Report on Form 10-Q for the quarter ended March 31, 2016
to July 31, 2016.  The April 2016 amendment also waived, among
other things, the cross-default under the Credit Agreement to the
Company's and Valeant's senior note indentures that arose when the
2015 Form 10-K was not filed by March 15, 2016, any cross default
under the Credit Agreement that may have arisen under the Company's
other indebtedness from the failure to timely deliver the 2015 Form
10-K, and the cross default under the Credit Agreement to the
Company's and Valeant's senior note indentures that arose when the
March 31, 2016 Form 10-Q was not filed by May 16, 2016 or any cross
default under the Credit Agreement to the Company's other
indebtedness as a result of the delay in filing the March 31, 2016
Form 10-Q.  

The April 2016 amendment modified, among other things, the interest
coverage financial maintenance covenant from 3.00 to 1.00 to 2.75
to 1.00 from the fiscal quarter ending June 30, 2016 through the
fiscal quarter ending March 31, 2017. Certain financial definitions
were also amended, including the definition of "Consolidated
Adjusted EBITDA" which has been modified to add back fees and
expenses in connection with any amendment or modification of the
Credit Agreement or any other indebtedness, and to permit up to
$175 million to be added back in connection with costs, fees and
expenses relating to, among other things, Philidor-related matters
and/or product pricing-related matters and any review by the Board
and the Company's ad hoc committee of independent directors related
to such matters.

The April 2016 amendment also modified certain existing add-backs
to Consolidated Adjusted EBITDA under the Credit Agreement,
including increasing the add-back for (i) restructuring charges in
any twelve-month period to $200 million from $125 million and (ii)
fees and expenses in connection with any proposed or actual
issuance of debt, equity, acquisitions, investments, assets sales
or divestitures to $150 million from $75 million for any twelve
month period ending on or prior to March 31, 2017.

The terms of the April 2016 amendment impose a number of
restrictions on the Company and its subsidiaries until the time
that (i) the Company delivers the 2015 Form 10-K (which was filed
on April 29, 2016) and the March 31, 2016 Form 10-Q (which was
filed on June 7, 2016) and (ii) the leverage ratio of the Company
and its subsidiaries (being the ratio, as of the last day of any
fiscal quarter, of Consolidated Total Debt (as defined in the
Credit Agreement) as of such day to Consolidated Adjusted EBITDA
(as defined in the Credit Agreement) for the four fiscal quarter
period ending on such date) is less than 4.50 to 1.00, including
imposing (i) a $250 million aggregate cap on acquisitions --
although the Transaction Cap does not apply to any portion of
acquisition consideration paid for by either the issuance of the
Company's equity or the proceeds of any such equity issuance --
(ii) a restriction on the incurrence of debt to finance such
acquisitions and (iii) a requirement that the net proceeds from
certain asset sales be used to repay the term loans under the
Credit Agreement, instead of investing such net proceeds in real
estate, equipment, other tangible assets or intellectual property
useful in the business.

In addition, the Company's ability to make investments, dividends,
distributions, share repurchases and other restricted payments is
also restricted and subject to the Transaction Cap until such time
as the Financial Reporting Requirements are satisfied and the
leverage ratio of the Company and its subsidiaries is less than
4.00 to 1.00 (unless such investments or restricted payments can
fit within other existing exceptions set out in the Credit
Agreement). The April 2016 amendment also increased the interest
rate applicable to the Company's loans under the Credit Agreement
by 1.00% until delivery of the Company's financial statements for
the fiscal quarter ending June 30, 2017. Thereafter, the interest
rate applicable to the loans will be determined on the basis of a
pricing grid tied to the Company's secured leverage ratio. With the
filing of the March 31, 2016 Form 10-Q on June 7, 2016, the
Financial Reporting Requirements were satisfied in all respects.

       Notices of Default Under Senior Note Indentures

The Company's delay in filing the 2015 Form 10-K resulted in a
violation of covenants contained in the Company's Credit Agreement
and senior note indentures. On April 12, 2016, the Company received
a notice of default from certain holders of its 5.50% Senior Notes
due 2023 and, on April 22, 2016, the Company received additional
notices of default from the trustee under the respective indentures
governing the Company's 5.375% Senior Notes due 2020 and 7.50%
Senior Notes due 2021 and Valeant's 6.375% Senior Notes due 2020
and 7.250% Senior Notes due 2022.

All defaults under the Credit Agreement resulting from the failure
to timely deliver the 2015 Form 10-K were waived by the requisite
lenders under the Credit Agreement by the April 2016 amendment, and
the 2015 Form 10-K was filed within the extended timeframe granted
to the Company as part of that amendment and waiver.  The filing of
the 2015 Form 10-K on April 29, 2016 cured in all respects the
default under the Company's senior note indentures triggered by the
failure to timely file the 2015 Form 10-K.

The Company's delay in filing the March 31, 2016 Form 10-Q resulted
in a violation of covenants contained in the Company's senior note
indentures. On May 19, 2016, the Company received a notice of
default from the trustee under the indenture governing the
Company's 5.50% Notes due 2023 and, on June 2, 2016, the Company
received an additional notice of default from the trustee under the
respective indentures governing the Company's 7.50% Senior Notes
due 2021 and Valeant's 7.250% Senior Notes due 2022. All defaults
under the Credit Agreement resulting from the failure to timely
deliver the March 31, 2016 Form 10-Q were waived by the requisite
lenders under the Credit Agreement by the April 2016 amendment and
the March 31, 2016 Form 10-Q was filed within the extended
timeframe granted to the Company as part of that amendment and
waiver. The filing of the March 31, 2016 Form 10-Q on June 7, 2016
cured in all respects the default under the Company's and Valeant's
senior note indentures triggered by the failure to timely file the
March 31, 2016 Form 10-Q.

                 About Valeant Pharmaceuticals

Based in Laval, Quebec, Valeant Pharmaceuticals International, Inc.
(NYSE/TSX:VRX) -- http://www.valeant.com/-- is a multinational
specialty pharmaceutical company that develops, manufactures and
markets a broad range of pharmaceutical products primarily in the
areas of dermatology, gastrointestinal disorders, eye health,
neurology and branded generics.


VALEANT PHARMACEUTICALS: T. Rowe Price Sues Over Losses
-------------------------------------------------------
Michael Rapoport, writing for The Wall Street Journal, reported
that T. Rowe Price Group Inc. and Alleghany Cos., shareholders of
Valeant Pharmaceuticals International Inc., filed a lawsuit against
the Company in the U.S. District Court for the District of New
Jersey, alleging it used mail-order pharmacy Philidor Rx Services
LLC, deceptive pricing and reimbursement practices and "fictitious
accounting" to artificially inflate its results and shield its
drugs from competition.

According to the report, the lawsuit says Valeant's practices
exposed the investors to "massive risks" and resulted in huge
losses for shareholders.  Valeant has lost about 90% of its value
since its August 2015 high, in the wake of disclosures about its
relationship with Philidor and its practice under former CEO
Michael Pearson of dramatically boosting the prices of its drugs.
Mr. Pearson and five other current and former Valeant officials are
also defendants in the lawsuit.

WSJ previously reported that Valeant is facing criminal
investigation over its ties to Philidor, which allegedly used
aggressive tactics to get insurers and pharmacy-benefit managers to
pay reimbursements for Valeant’s often high-price drugs. In
addition, Valeant has said it faces civil investigations by the
Securities and Exchange Commission and other regulators.

Valeant is also a defendant in a pending shareholder class action
lawsuit in New Jersey that makes similar claims against Valeant and
has the TIAA pension fund as lead plaintiff.

                 About Valeant Pharmaceuticals

Based in Laval, Quebec, Valeant Pharmaceuticals International, Inc.
(NYSE/TSX:VRX) -- http://www.valeant.com/-- is a multinational
specialty pharmaceutical company that develops, manufactures and
markets a broad range of pharmaceutical products primarily in the
areas of dermatology, gastrointestinal disorders, eye health,
neurology and branded generics.


VERTICAL COMPUTER: Delays Filing of June 30 Form 10-Q
-----------------------------------------------------
Vertical Computer Systems, Inc., filed with the Securities and
Exchange Commission a Form 12b-25 notifying the delay in the filing
of its quarterly report on Form 10-Q for the period ended June 30,
2016.   

The Company has experienced delays in computing and quantifying
required amounts and disclosures of derivative liabilities related
to the issuance of convertible debentures.  Accordingly, the
Company was unable to file its Form 10-Q on or before the
prescribed filing date.  The Company expects to file the Form 10-Q
within five days after the prescribed filing date.

                      About Vertical Computer

Richardson, Tex.-based Vertical Computer Systems, Inc., is a
multinational provider of Internet core technologies, application
software, and software services through its distribution network
with operations or sales in the United States, Canada and Brazil.

Vertical Computer reported a net loss available to common
stockholders of $3.15 million on $4.26 million of total revenues
for the year ended Dec. 31, 2015, compared to a net loss available
to common stockholders of $2.07 million on $7.43 million of total
revenues for the year ended Dec. 31, 2014.

As of March 31, 2016, Vertical Systems had $1.52 million in total
assets, $18.69 million in total liabilities, $9.90 million in
convertible cumulative preferred stock and a total stockholders'
deficit of $27.07 million.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company suffered net losses
and has a working capital deficiency, which raises substantial
doubt about its ability to continue as a going concern.


VISCOUNT SYSTEMS: Delays Form 10-Q to Complete Review
-----------------------------------------------------
Viscount Systems, Inc., was unable to file its quarterly report on
Form 10-Q for the fiscal quarter ended June 30, 2016, on a timely
basis due to the Company gathering information and completing its
review, which required additional time to work internally with its
staff and externally to prepare and finalize the Quarterly Report.
The Company expects to file its Form 10-Q within the additional
time allowed by this report.

                    About Viscount Systems

Burnaby, Canada-based Viscount Systems, Inc., is a manufacturer,
developer and service provider of access control security
products.

Viscount reported a net loss attributable to common stockholders of
C$6.33 million on C$6.13 million of sales for the year ended Dec.
31, 2015, compared to a net loss of attributable to common
stockholders of C$990,681 on C$4.76 million of sales for the year
ended Dec. 31, 2014.

As of March 31, 2016, Viscount Systems had C$1.37 million in total
assets, C$10.03 million in total liabilities and a total
stockholders' deficit of C$8.65 million.

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, 2015, 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, the auditors
noted.


WANDA ORTIZ CARRERAS: Amended Plan to Pay 42% to Unsecureds
-----------------------------------------------------------
Wanda Ortiz Carreras filed with the U.S. Bankruptcy Court for the
District of Puerto Rico her First Amended Plan and Disclosure
Statement dated as of August 8, 2016.

The Debtor says the estimated distribution in a liquidation
scenario would be of 38.1%, whereas her First Amended Plan proposes
to distribute 42%.

The Debtor's schedules of liabilities indicate that the secured
claims total $1,573.444.  Unsecured claims total including priority
amounts total $989,524, and priority claims total $2,152.

According to the Plan, general unsecured claims in Class 9 will be
paid 42% of their claims within a period of 8 years from the
effective date of the plan in monthly installments.  In the
previous iteration of the Plan, the claims will be paid 31%.  

The Plan notes that payments are not fixed.  During the first five
years of the plan, until governmental and secured claims are paid
in full, the monthly disbursement to unsecured creditors will total
$1,611, during the next two years the disbursements will total
$2,820 per month, and during the last year $2,417 per month.

A copy of the First Amended Disclosure Statement is available at:

         http://bankrupt.com/misc/prb14-03693-0149.pdf

Wanda Ortiz Carreras filed for Chapter 11 bankruptcy protection
(Bankr. D.P.R. Case No. 14-03693) on May 5, 2014, and is
represented by:

          Teresa M. Lube Capo, Esq.
          LUBE & SOTO LAW OFFICES
          1130 F.D. Roosevelt Ave.
          San Juan, PR 00920-2906
          Tel: 722-0909
          Fax: 977-1709
          E-mail: lubeysoto@gmail.com


WARREN RESOURCES: Blames Bankruptcy for Delay in Form 10-Q Filing
-----------------------------------------------------------------
James A. Watt, Chief Executive Officer of Warren Resources, Inc.,
said the Company's quarterly report on Form 10-Q for the period
ended June 30, 2016, could not be filed within the prescribed time
period.

He explains, "on June 2, 2016, the Company and certain of its
wholly owned subsidiaries filed voluntary petitions for
reorganization (the "Chapter 11 Cases") under Chapter 11 of the
United States Bankruptcy Code in the United States Bankruptcy Court
for the Southern District of Texas. In the time since their filing,
the Chapter 11 Cases have required substantial management time and
attention, which disrupted the Company's normal closing procedures
for the Quarterly Report. Management and the Company's Board of
Directors are actively working to compile the required disclosure;
however, the foregoing issues have caused the Company to be unable
to compile all information necessary to prepare and file the
Quarterly Report within the prescribed period without unreasonable
effort or expense."

"The Company is currently unable to predict when it will be in a
position to file the Quarterly Report."

                    About Warren Resources

Warren Resources Inc., is an independent energy company engaged in
the exploration, development and production of domestic onshore
crude oil and natural gas reserves.  It is primarily focused on
the development of its waterflood oil recovery properties in the
Wilmington field within the Los Angeles Basin of California, its
position in the Marcellus Shale gas in northeastern Pennsylvania
and its coalbed methane, or CBM, natural gas properties located in
Wyoming.

Warren Resources, Inc., Warren E&P, Inc., Warren Resources of
California, Inc., Warren Marcellus LLC, Warren Energy Services,
LLC, and Warren Management Corp. each filed a voluntary petition
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead
Case No. 16-32760) on June 2, 2016.  The Debtors listed total
assets of $230 million and total debt of $545 million.

The Debtors have hired Andrews Kurth LLP as counsel, Jefferies LLC
as investment banker, Deloitte Transactions and Business Analytics
LLP as restructuring advisor and Epiq Bankruptcy Solutions, LLC as
claims, balloting and noticing agent.

Judge Marvin Isgur is assigned the cases.

An official committee of unsecured creditors has not yet been
appointed in these cases by the Office of the United States
Trustee.


WAVE SYSTEMS: Court Approves Disclosure Statement
-------------------------------------------------
On Feb. 1, 2016, Wave Systems Corp. commenced a bankruptcy case by
filing a voluntary petition for relief under Chapter 7 of the
Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware.  The Company's caption and case number is In
re: Wave Systems Corp., Case No. 16-10284 (KJC).  David W.
Carickhoff was appointed as Chapter 7 trustee.

On April 11, 2016, pursuant to a Bankruptcy Court approved process,
the Chapter 7 Trustee conducted a live auction for the sale of
certain of the Company's assets and/or for the right to be the
sponsor of a plan of reorganization for the Company.  Chime, Inc.,
was the successful bidder for the Company's wave.com domain name
and, on April 14, 2016, the Bankruptcy Court entered an Order
approving the sale of the Company's domain name to Chime free and
clear of all liens, claims and encumbrances for a purchase price of
$420,000.  The sale to Chime closed on April 29, 2016.

      Conversion to Chapter 11 and Postpetition Financing

At the Auction, ESW Capital LLC submitted a bid to provide capital
for a restructuring of the Company, to be effectuated in the form
of a confirmed Chapter 11 plan of reorganization to be sponsored by
ESW for 100% of the equity of the reorganized Company.  At the
conclusion of the Auction, the Chapter 7 Trustee determined that
the ESW Bid was the highest and best offer for the Company.

On April 29, 2016, the Bankruptcy Court entered an Order approving
the ESW Bid as the highest and best offer for the Company.  The ESW
Bid contemplates a Chapter 11 plan process pursuant to which ESW
would make available for distribution under a plan of
reorganization: (i) $3,800,000 (which amount the Chapter 11 Trustee
(as defined below) currently has on deposit); and (ii) an
additional $3,075,000 payable on the plan effective date.  In
addition, in connection with the ESW Bid, ESW, in its capacity as
post-petition lender, agreed, subject to Bankruptcy Court approval,
to provide up to $3,000,000 in post-petition financing  to cover
operating and administrative expenses associated with preserving
the Company's operations and running a Chapter 11 process through a
plan effective date. Pursuant to the ESW Bid, ESW, in its capacity
as post-petition lender, has the right to convert a portion of
amounts loaned under the ESW Post-Petition Facility into equity of
the reorganized Company pursuant to the Subscription Option.  If
the Plan of Reorganization is confirmed, then upon the occurrence
of the effective date of the Plan, it is contemplated that on
account of its contribution of the Cash Consideration and its
exercise of the Subscription Option, ESW will own 100% of the
equity of the reorganized Company, including substantially all of
the assets of the Company with the exception of certain excluded
assets specified therein.  The Plan provides the Plan sponsor the
right to modify the Subscription Option, provided that (i) no such
modification will adversely impact the Plan treatment of other
creditors and (ii) such modification is approved by the
post-petition lender.

The Bankruptcy Court entered an order on May 16, 2016, converting
the Chapter 7 Case to a case under the provisions of Chapter 11 of
the Bankruptcy Code, and appointing a Chapter 11 Trustee in the
Chapter 11 Case.  On May 20, 2016, the Office of the United States
Trustee appointed the Chapter 7 Trustee as the Chapter 11 Trustee.
The Bankruptcy Court entered an interim order on May 25, 2016,
authorizing the Chapter 11 Trustee to, among other things, borrow,
on an interim basis, up to $1,000,000 under the ESW Post-Petition
Facility. On June 13, 2016, the Bankruptcy Court entered a final
order pursuant to which it approved the ESW Post-Petition Facility
and authorized the Chapter 11 Trustee to enter into and draw upon
the remainder of the ESW Post-Petition Facility on a final basis.

The ESW Post-Petition Facility is evidenced by a senior secured
superpriority promissory note that is governed by the Final
Financing Order.

Pursuant to the terms of the ESW Bid and the Final Financing Order,
the Company has no obligation to satisfy or repay amounts drawn
upon the ESW Post-Petition Facility unless one of following
specific events of default occur: (1) the Chapter 11 Trustee files
a plan of reorganization which is inconsistent with the ESW Bid,
(2) the Chapter 11 Trustee files a motion to obtain financing from
someone other than ESW, or (3) the Bankruptcy Court confirms a
competing plan to the plan of reorganization contemplated under the
ESW Bid or approves a transaction for the sale or disposition of
the Company's assets other than to ESW.

Interest on the Postpetition Note accrues at a rate of 9.0% per
annum.  The Company's obligations are secured by a first priority
security interest in substantially all of the assets of the
Company.  Upon the occurrence of an event of default, the interest
rate on the Post-Petition Note increases to 11.0% per annum.

The Postpetition Note contains certain covenants, including,
without limitation, those related to the incurrence of additional
debt or liens, the sale or transfer of Company property, compliance
with the approved budget, and certain bankruptcy-related covenants,
in each case as set forth in the Postpetition Note.

                        Proposed Plan

On June 17, 2016, the Chapter 11 Trustee filed a proposed Plan of
Reorganization of Wave Systems Corp. and disclosure statement with
the Bankruptcy Court.  An amended Disclosure Statement was filed on
July 18, 2016.  An amended Plan was filed on July 19, 2016.  The
Plan, prepared in accordance with the ESW Bid, provides for, on the
effective date of the Plan, among other things, (1) the
reorganization of the Company by retiring, cancelling,
extinguishing and/or discharging the Company's prepetition equity
interests and issuing (A) up to 600 shares equal to 60% of the new
equity in the reorganized Company to ESW, in its capacity as
post-petition lender, in exchange of amounts loaned under the
Post-Petition Note via the Subscription Option, and (B) the
remaining new equity to ESW, in its capacity as Plan sponsor, in
exchange for the cash payments; and (2) the distribution of cash
and rights to certain litigation recoveries to the holders of
allowed claims and, potentially, equity interests in accordance
with the priority scheme established by the Bankruptcy Code.

The Reorganized Company will continue in operation after the
Effective Date.  On the Effective Date, all the previously
outstanding common stock of the Company and all rights to convert,
exchange or receive Company common stock would be deemed
automatically cancelled, released and extinguished, and all rights
of ownership evidenced by the common stock terminated, and the
Company's pre-reorganization stockholders would not be entitled to
receive or retain any cash, securities or other property on account
of their cancelled, released, extinguished, and terminated common
shares and rights, unless amounts remain in the bankruptcy estate
following satisfaction of all allowed claims of the Company's
creditors.

The Plan is subject to satisfaction of numerous conditions,
including receipt of requisite acceptances to confirm the Plan and
entry of a confirmation order by the Bankruptcy Court in form and
substance acceptable to ESW in its reasonable discretion.

On July 19, 2016, the Bankruptcy Court entered an order approving
the amended Disclosure Statement and determining the dates,
deadlines, solicitation procedures and forms applicable to the Plan
approval process.

                        Modified SEC Reporting

During the pendency of the Chapter 11 Case, the Company will adopt
a modified reporting program with respect to its reporting
obligations under the federal securities laws.  In lieu of
continuing to file Quarterly Reports on Form 10-Q and Annual
Reports on Form 10-K under Section 15(d) of the Securities Exchange
Act of 1934, the Company will file with the SEC a Current Report on
Form 8-K that will have attached to it the monthly financial report
required by the Bankruptcy Court.  Such bankruptcy filings are
generally made on or about the 25th day of each month covering the
prior month’s operations. The Company will continue to file
Current Reports on Form 8-K as is required by the federal
securities laws.  The Company believes this modified reporting
program is consistent with the protection of its investors as set
forth in SEC Release No. 34-9660 (June 30, 1972).

            Procedures for Trading in Equity Securities

On May 20, 2016, the Bankruptcy Court entered an order approving a
motion previously filed by the Chapter 11 Trustee that established
notice and hearing procedures that must be satisfied before certain
transfers of the Company's common stock or any beneficial interest
therein will be deemed effective.  The purpose of these procedures
is to preserve certain tax attributes of the Company, which the
Chapter 11 Trustee has concluded are valuable assets of the
Company.  The procedures would, among other things, require any
person or entity that is a "Substantial Shareholder" (as such term
is defined in the Trading Procedures Order) to provide advance
written notice of certain transactions in the Company's securities
to the Bankruptcy Court and would grant the Chapter 11 Trustee the
right to object to any such transaction.

                      About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products for
hardware-based digital security, including security applications
and services that are complementary to and work with the
specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems reported a net loss of $12.9 million in 2014, a net
loss of $20.3 million in 2013 and a net loss of $34 million in
2012.


WGC INC: Wants Additional 150 Days to File Plan
-----------------------------------------------
WGC, Inc., asks the U.S. Bankruptcy Court for the Western District
of Pennsylvania to extend its exclusive period within which it may
file a plan of reorganization for an additional 150 days.

The Debtor operates the golf course at 314 Chestnut Street, in
Reno, Pennsylvania, known as Wanango Golf Club, an 18 hole Golf
Course, owned by related Debtor HMF Golf Inc.

The Debtor tells the Court that it is in negotiations with an
interested party who has expressed a serious interest in purchasing
the golf course as a going concern.  The Debtor submits that
successful completion of the negotiations should result in
substantial value being paid to creditors.  The Debtor contends
that the negotiations are both complex and time consuming and that
the Debtor requires additional time to finalize said negotiations.
The Debtor further contends that the results of those negotiations
will control the formulation of Debtor's plan in the case.

                        About WGC, Inc.

WGC, Inc., filed a chapter 11 petition (Bankr. W.D. Penn. Case No.
16-10347) on April 13, 2016. The petition was signed by Steven
Shingledecker, general manager.

The Debtor is represented by Brian C. Thompson, Esq., at Thompson
Law Group, P.C. The case is assigned to Judge Thomas P. Agresti.

The Debtor estimated assets of $0 to $50,000 and debts of $1
million to $10 million.


WHITE STAR: S&P Affirms 'CCC+' CCR, Outlook Negative
----------------------------------------------------
S&P Global Ratings affirmed its 'CCC+' corporate credit rating on
Oklahoma-City-based oil and gas exploration and production company
White Star Petroleum LLC (formerly American Energy – Woodford
LLC).  The outlook is negative.

Subsequently, S&P withdrew the corporate rating at the issuer's
request.


WOLVERINE WORLD: S&P Affirms 'BB+' CCR & Revises Outlook to Neg.
----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB+' corporate credit rating on
Rockford, Mich.-based Wolverine World Wide Inc. and revised the
outlook to negative from stable.

At the same time, S&P affirmed its 'BBB' issue-level rating on the
company's first-lien credit facilities and assigned S&P's 'BB+'
rating to the proposed senior unsecured notes.  The recovery rating
on the first-lien facilities is unchanged at '1', indicating S&P's
expectation of very high (90% to 100%) recovery in the event of a
payment default, while the assigned recovery rating for the
proposed senior unsecured notes is '4', indicating S&P's
expectation of average (30% to 50%, at the lower half of the range)
recovery in the event of payment default.  Concurrently, S&P
assigned its 'BBB' issue-level and '1' recovery rating on the
incremental term loan A-1.

S&P estimates the company's adjusted debt was approximately
$960 million as of June 30, 2016, which includes S&P's adjustment
for operating leases.

"The revision of the outlook on Wolverine World Wide to negative
from stable reflects the possibility that Wolverine may not restore
credit metrics and cash flow in line with our base-case forecast
should the operating environment continue to weaken in the
second-half of 2016," said S&P Global Ratings credit analyst Peter
Deluca.  "The company has commenced a restructuring program that
should result in margin expansion; however, it is too soon to
determine if it will be successful and we expect the retail
environment to remain difficult."

The ratings reflect Wolverine's strong market position and
diversified client base as well as its narrow business focus and
participation in fragmented and highly competitive business
segments.  S&P believes Wolverine's market position remains
relatively strong as one of the largest footwear companies, with
significant brand recognition, scale of operations, an
international footprint.  This is supported by the company's strong
marketing and sales effort, good niche positions in the U.S.
footwear market, meaningful scale of operations (with $2.6 billion
in revenue), and portfolio of well-known footwear brands. However,
the business continues to be narrowly focused in the casual
footwear sector and only has modest geographic diversification,
given that it generates about 25% of revenue, representing about
46% of pairs sold, outside of North America. Moreover, the company
participates in the highly competitive footwear sector, which is
vulnerable to fashion risk and economic cycles.

S&P Global Ratings could downgrade Wolverine should debt-to-EBITDA
leverage not return to below 3x by the time the company reports its
operating results for the year ended Dec. 31, 2016. Alternatively,
S&P could revise the rating outlook to stable over the next year if
Wolverine's restructuring initiatives prove successful, leading to
restored revenue, profit, and cash flow growth such that the
company sustains debt-to-EBITDA below 3x.  S&P estimates it would
need to sustain EBITDA above $350 million (assuming current debt)
for this to occur.



YAHWEH CENTER: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Yahweh Center, Inc.
           aka Yahweh Center Children's Village
        P.O. Box 10399
        Wilmington, NC 28404

Case No.: 16-04306

Nature of Business: Health Care

Chapter 11 Petition Date: August 17, 2016

Court: United States Bankruptcy Court
       Eastern District of North Carolina (Wilmington Division)

Judge: Hon. Joseph N. Callaway

Debtor's Counsel: Trawick H Stubbs, Jr., Esq.
                  STUBBS & PERDUE, P.A.
                  P. O. Drawer 1654
                  New Bern, NC 28563
                  Tel: 252 633-2700
                  Fax: 252 633-9600
                  Email: efile@stubbsperdue.com

Total Assets: $1.87 million

Total Liabilities: $2.40 million

The petition was signed by Carla J. Roberts, executive director.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/nceb16-04306.pdf


ZYNEX INC: Delays Filing of June 30 Form 10-Q
---------------------------------------------
Zynex, Inc., said it needs additional time to finalize its Form
10-Q for the three and six months ended June 30, 2016.  The primary
reason for the delay is a change in financial staff of the Company
resulting in delays for completing all necessary work.  Zynex
cannot complete this process as of the due date of its 10-Q filing
without incurring unreasonable effort and expense.

                            About Zynex

Zynex, Inc. (OTCQB: ZYXI) specializes in the production and sale of
non-invasive medical devices for pain management, stroke
rehabilitation, neurodiagnostic equipment, cardiac and blood volume
monitoring.  The company maintains its headquarters in Lone Tree,
Colorado.

Zynex reported a net loss of $2.93 million on $11.64 million of net
revenue for the year ended Dec. 31, 2015, compared to a net loss of
$6.23 million on $11.11 million of net revenue for the year ended
Dec. 31, 2014.  As of March 31, 2016, Zynex had $4.19 million in
total assets, $8.55 million in total liabilities and a total
stockholders' deficit of $4.35 million.

GHP Horwath, P.C., in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2015, citing that the Company incurred
significant losses in 2015 and 2014, and has limited liquidity.  In
addition, the Company is in default of its secured line of credit
and as a result, if its lender insists upon immediate repayment,
the Company will be insolvent and may be forced to seek protection
from its creditors.  These factors raise substantial doubt about
its ability to continue as a going concern.


                            *********

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,
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