TCR_Public/170713.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, July 13, 2017, Vol. 21, No. 193

                            Headlines

ABENGOA BIOENERGY: Plan Declared Effective on July 6
ACORN PROPERTIES: Hires Whitehurst Blackburn as Attorney
ADPT DFW: Equity Panel Taps Miller Buckfire as Financial Advisor
ALLEGHENY-APPLE: U.S. Trustee Unable to Appoint Committee
ALLIANCE ONE: BlackRock, Inc., Holds 1.7% Stake as of June 30

AP&E PROPERTIES: Disclosures OK'd; Plan Hearing on Sept. 14
ASPIRITY ENERGY: Hires Steven B. Nosek as Attorney
ASURION LLC: Moody's Assigns B1 CFR; Outlook Stable
BENCHMARK POST: Hires Winningham Becker as Accountant
BIOSCRIP INC: Ares Management Has 9.2% Stake as of June 29

BIOSTAGE INC: Granted Continued Listing on Nasdaq
BMB MUNAI: CEO Turlov Holds 88.6% Equity Stake as of June 29
C. HARRIS PROPERTIES: Hires Eileen N. Shaffer as Counsel
CABLE & WIRELESS: Fitch Affirms BB- IDR & Revises Outlook to Neg.
CALIFORNIA RESOURCES: Havner Won't Stand for Director Re-Election

CAPITAL TEAS: Case Summary & 20 Largest Unsecured Creditors
CAR CHARGING: Prospectus over Common Shares Offering Revised
CASHMAN EQUIPMENT: 3 Trade Creditors Named to Official Committee
CASHMAN EQUIPMENT: Ex-Joint Venture Partner Wants to Join Panel
CASHMAN EQUIPMENT: UST, Committee Balk at LAD's Bid to Join Panel

CENTENE CORP: Moody's Affirms Ba2 Sr. Debt Rating; Outlook Stable
CHELLINO CRANE: Seeks to Employ Ordinary Course Professionals
CLUBCORP CLUB: S&P Puts B+ CCR on CreditWatch Neg Over Apollo Deal
COBALT INTERNATIONAL: BlackRock Has 1.3% Stake as of June 30
COGECO COMMUNICATIONS: Fitch Affirms BB+ IDR; Outlook Stable

COGECO COMMUNICATIONS: Moody's Affirms B1 Corporate Family Rating
COMPACTION UNLIMITED: Court Conditionally Okays Plan Outline
CONDADO RESTAURANT: Plan Outline Okayed, Plan Hearing on Oct. 25
CRYSTAL WEALTH: CCAA Claims Bar Date Set for August 3
CUMULUS MEDIA: Seven Directors Elected by Stockholders

CYTORI THERAPEUTICS: 2016 Conflict Minerals Report Filed
CYTOSORBENTS CORP: Gets Additional $5M Loan from Bridge Bank
DELCATH SYSTEMS: Board Authorizes New Series B Preferred Stock
DEXTERRA SURGICAL: Camber Converts Series A Preferreds
DIAMOND BC: Moody's Assigns B3 CFR; Outlook Stable

DIFFUSION PHARMACEUTICALS: Ruffolo Appointed as Director
DUTCH RUN-MAYS: Law Firm Not Subjected to NJ General Jurisdiction
E.DIGITAL CORP: Files for Chapter 7 Liquidation
EFTENI INC: Hires Bederson as Accountant
EMMAUS LIFE: Wins FDA Approval of L-Glutamine Oral Powder Endari

ERIN ENERGY: Oltasho and Latmol Acquire 54.5% Equity Stake
ESCONDIDO VENTURES: Hires Plunkett Griesenbeck as Special Counsel
ESCONDIDO VENTURES: Hires William B. Kingman as Counsel
F.I.G. DAUFUSKIE: Hires Colliers as Real Estate Advisor
FINTUBE LLC: U.S. Trustee Forms 3-Member Committee

FIRSTENERGY SOLUTIONS: Provides Update on Energy Services Segment
FORESIGHT ENERGY: Rashda Buttar Quits as SVP and General Counsel
FRANCHISE SERVICES: Hires Butler Snow as Bankruptcy Counsel
FRANCHISE SERVICES: Taps Equity Partners as Restructuring Advisor
FTE NETWORKS: Pro Forma Financials over Benchmark Deal Filed

FUNCTION(X) INC: Birame Sock Resigns as President
FUNCTION(X) INC: Faces SEC Investigation Over BDO's Departure
FUNCTION(X) INC: Obtains $4.4-M Financing from Iliad Research
GARBER BROS: U.S. Trustee Appoints 5-Member Creditors' Committee
GASTAR EXPLORATION: May Issue 15.4-M Shares Under Incentive Plan

GELTECH SOLUTIONS: Major Shareholder Buys 208,334 Shares, Warrants
GEORGES MARCIANO: Court Affirms Order Allowing API's Proof of Claim
GIGA-TRONICS INC: Files 2016 Conflict Minerals Report
GLOBAL ASSET: Plan Outline Okayed, Plan Hearing on Aug. 16
GLOBAL TELLINK: Term Loan Add-on No Impact Moody's B3 CFR

GOODMAN AND DOMINGUEZ: U.S. Trustee Unable to Appoint Committee
GORDMANS STORES: Court Extends Plan Filing Deadline to Oct. 9
GREAT BASIN SCIENTIFIC: Business Presentation Filed
GREAT FALLS DIOCESE: Hires Crowley Fleck as Special Counsel
HAIRLAND CORP: Hearing on Plan and Disclosures Set for August 1

HAMILTON ENGINEERING: Committee Taps Kerr Russell as Counsel
HOOPER HOLMES: Raised $3.5 Million by Issuing New Shares
HOVNANIAN ENTERPRISES: S&P Affirms CCC+ CCR, Rates $840M Notes CCC+
IGNITE RESTAURANT: Court Approves KERP for 27 Workers
IGNITE RESTAURANT: Court Approves KRG-Led Auction Process

ION GEOPHYSICAL: 2016 Conflict Minerals Report Filed
IOWA HEALTHCARE: Hires Healthcare Management as Wind-Down Officer
K & J COAL: Hires CX-Energy as Broker, Has $900,000 Bid for Assets
K. HOVNANIAN: Moody's Rates Proposed $840MM Sr. Secured Notes Caa2
KALOBIOS PHARMACEUTICALS: Amends Prospectus for Resale of Shares

KEN'S CUSTOM: Gets Court Approval of Plan to Exit Bankruptcy
LA PALOMA GENERATING: Morgan Lewis Represents Unaffiliated Lenders
LA PALOMA: 2nd-Lien Creditors Back Exclusivity Extension Bid
LAST FRONTIER: Awaits Ruling on Objection to Lender's $286K Claim
LIGHTING SCIENCE: Denis Murphy Quits as Chief Financial Officer

LONG BEACH MEDICAL: Aug. 16 Hearing to Confirm 1st Amended Plan
MARKHAM, IL: S&P Puts 'BB' GO Debt Rating on CreditWatch Negative
MCCLATCHY CO: Contrarius Holds 6.36% of Class A Common Shares
MESOBLAST LIMITED: Plans to Sell $180M American Depositary Shares
MIDCONTINENT COMMUNICATION: Moody's Cuts Sr Sec. Debt Rating to Ba2

MUSCLEPHARM CORP: Wynnefield Holds 10.6% Equity Stake as of July 7
NAVIDEA BIOPHARMACEUTICALS: Files 2016 Conflict Minerals Report
NET ELEMENT: Board Elects Committee Members to Fill Vacancies
NET ELEMENT: Inks $10M Securities Purchase Pact with Cobblestone
NEW ENGLAND ORTHOTIC: Case Summary & Largest Unsecured Creditors

NOVABAY PHARMACEUTICALS: Finance Veteran McGovern Joins as CFO
OMNI LOOKOUT: Unsecureds to be Paid in Full Over 3-Yr. Period
ONCOBIOLOGICS INC: Fails to Comply with Nasdaq Market Value Rule
OPAL ACQUISITION: S&P Rates New 2024 Sr. Sec. 1st Lien  Notes 'B-'
OPTIMA SPECIALTY: ASW Steel Resigns as Committee Member

OYOTOYO INC: Case Summary & 7 Unsecured Creditors
PACIFIC DRILLING: Unit Seeking Consent to Extend Notes Maturity
PEAK 10: Moody's Assigns B3 Corporate Family Rating
PETROLIA ENERGY: Jovian Converts $4 Million Debt to Equity
PHOTOMEDEX INC: Common Stock Delisted from NASDAQ

PHOTOMEDEX INC: Inks Pact to Waive Closing Deliverables
PORTER BANCORP: Shareholders Elect Seven Directors
PORTOFINO TOWERS: Plan Outline Okayed, Plan Hearing on Aug. 2
PRECIPIO INC: Mark Rimer Reports 17.9% Stake as of June 29
PREFERRED CONCRETE: Court Approves Disclosure Statement

PUERTO RICO: Univ. Trust Seeks Appointment of Employee Committee
QUADRANT 4: U.S. Trustee Forms 3-Member Committee
QUAYCO LLC: U.S. Trustee Unable to Appoint Committee
QUOTIENT LIMITED: QBDG Plans to Sell 500,000 Ordinary Shares
RABEY ELECTRIC: Hearing on Disclosure Statement Set for Aug. 31

RCWE HOLDING: U.S. Trustee Unable to Appoint Committee
RECIPROCAL GROUP: Oct. 4 Hearing on Compromise of Claims et al.
RENNNOVA HEALTH: Names Michael Pollack Interim CFO
RIDGE MANOR: Gets Court Approval of Plan to Exit Bankruptcy
ROCKY MOUNTAIN: Amends Series A Pref. Shares Cert. of Designation

ROOT9B HOLDINGS: Incurs $4.5 Million Net Loss in First Quarter
ROTHSTEIN ROSENFELDT: Exclusion Barred Insurance Coverage
RUXTON DESIGN: May Use Cash Collateral Until July 31
SABLE NATURAL: US Trustee Seeks Conversion into Ch. 7 Proceeding
SCOTT MEDICAL: U.S. Trustee Unable to Appoint Committee

SEANERGY MARITIME: Reports Net Revenues of US$13.3 Million for 1Q
SEARS CANADA: ESL Partners Holds 45.3% Stake as of July 6
SEARS CANADA: Fairholme Capital Reports 20.7% Stake as of July 6
SEARS HOLDINGS: Edward Lampert Reports 53.8% Stake as of July 7
SEARS HOLDINGS: Extends Debt Maturity & Derisks Pension Obligations

SNEH AND SAHIL: May Use Cash Collateral Until Aug. 4
SPI ENERGY: Receives Nasdaq Delisting Determination
STONE FOX: U.S. Trustee Unable to Appoint Committee
TANNER COMPANIES: Court Allows GreerWalker to Audit 401(k) Plan
TERRAFORM AP: Moody's Affirms Ba3 Loan Rating, Outlook Stable

TIDEWATER INC: Equity Committee Objects to Plan
TROPICANA ENTERTAINMENT: S&P Affirms BB- CCR, Outlook Stable
VALUEPART INC: Plan Outline Hearing Set for August 8
WALTER INVESTMENT: Obtains Separate Default Waivers From Lenders
WEATHERFORD INT'L: Registers Add'l 21M Shares for Incentive Plan

WESTMORELAND RESOURCE: Amends Coal Supply Pact with Pacificorp
ZEBRA TECHNOLOGIES: S&P Puts BB+ Issue Rating on CreditWatch Neg.
ZYNEX INC: Pays Off Remaining $2.2M Loan with Triumph Healthcare
[*] FSS to Showcase Software at NABT Convention in September
[^] Recent Small-Dollar & Individual Chapter 11 Filings


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ABENGOA BIOENERGY: Plan Declared Effective on July 6
----------------------------------------------------
Abengoa Bioenergy US Holdings, LLC, et al.'s Third Amended Joint
Plans of Liquidation were consummated and became effective on July
6, 2017.  The Company has thus emerged from from Chapter 11
protection.

The Amended Plans were confirmed by the U.S. Bankruptcy Court for
the Eastern District of Missouri on June 8, 2017.

As previously reported by The Troubled Company Reporter, the Plan
contemplates for a 30.7% recovery rate for general unsecured
claims.

Any person or entity who seeks allowance of an administrative claim
arising after June 30, 2016, has until August 7, 2017, to file such
claim.

The deadline for submission of accrued professional compensation is
September 5, 2017.

            About Abengoa Bioenergy US Holding

Abengoa Bioenergy is a collection of indirect subsidiaries of
Abengoa S.A., a Spanish company founded in 1941.  The global
headquarters of Abengoa Bioenergy is in Chesterfield, Missouri.  

With a total investment of $3.3 billion, the United States has
become Abengoa S.A.'s largest market in terms of sales volume,
particularly from developing solar, bioethanol, and water
projects.

Spanish energy giant Abengoa S.A. is an engineering and clean
technology company with operations in more than 50 countries
worldwide that provides innovative solutions for a diverse range of
customers in the energy and environmental sectors.  Abengoa is one
of the world's top builders of power lines transporting energy
across Latin America and a top engineering and construction
business, making massive renewable-energy power plants worldwide.

On Nov. 25, 2015, in Spain, Abengoa S.A. announced its intention to
seek protection under Article 5bis of Spanish insolvency law, a
pre-insolvency statute that permits a company to enter into
negotiations with certain creditors for restricting of its
financial affairs.  The Spanish company is facing a March 28, 2016,
deadline to agree on a viability plan or restructuring plan with
its banks and bondholders, without which it could be forced to
declare bankruptcy.

Gavilon Grain, LLC, et al., on Feb. 1, 2016, filed an involuntary
Chapter 7 petition for Abengoa Bioenergy of Nebraska, LLC ("ABNE")
and on Feb. 11, 2016, filed an involuntary Chapter 7 petition for
Abengoa Bioenergy Company, LLC ("ABC").  ABC's involuntary Chapter
7 case is Bankr. D. Kan. Case No. 16-20178.  ABNE's involuntary
Case is Bankr. D. Neb. Case No. 16-80141.  An order for relief has
not been entered, and no interim Chapter 7 trustee has been
appointed in the Involuntary Cases.  The petitioning creditors are
represented by McGrath, North, Mullin & Kratz, P.C.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC, and five
affiliated debtors each filed a Chapter 11 voluntary petition in
St. Louis, Missouri, disclosing total assets of $1.3 billion and
debt of $1.2 billion.  The cases are pending before the Honorable
Kathy A. Surratt-States and are jointly administered under Bankr.
E.D. Mo. Case No. 16-41161.

The Debtors have engaged DLA Piper LLP (US) as counsel, Armstron
Teasdale LLP as co-counsel, Alvarez & Marsal North America, LLC as
financial advisor, Lazard as investment banker and Prime Clerk LLC
as claims and noticing agent.

The Troubled Company Reporter, on March 14, 2016, reported that the
Office of the U.S. Trustee appointed seven creditors of Abengoa
Bioenergy US Holding LLC and its affiliates to serve on the
official committee of unsecured creditors.  The Office of the U.S.
Trustee on June 14 appointed three creditors of Abengoa Bioenergy
Biomass of Kansas LLC to serve on the official committee of
unsecured creditors.

The Creditors' Committee of Abengoa Bioenergy US Holdings, et al.,
retained Lovells US LLP as counsel, Thompson Coburn LLP as local
counsel, and FTI Consulting, Inc., as Financial Advisor.

The Creditors' Committee of Abengoa Bioenergy Biomass of Kansas,
LLC, retained Baker & Hostetler LLP as counsel, Robert L. Baer as
local counsel, and MelCap Partners, LLC as financial advisor and
investment banker.


ACORN PROPERTIES: Hires Whitehurst Blackburn as Attorney
--------------------------------------------------------
Acorn Properties, Inc., seeks authority from the U.S. Bankruptcy
Court for the Middle District of Georgia to employ Whitehurst
Blackburn & Warren, as attorney to the Debtor.

Acorn Properties requires Whitehurst Blackburn to represent the
Debtor in the Chapter 11 bankruptcy proceedings, and provide any
legal services in relation to the bankruptcy case.

Whitehurst Blackburn will be paid at the hourly rate of $350.

The Debtor paid Whitehurst Blackburn the amount of $5,000, of which
the amount of $1,050 was applied to prepetition expenses, and the
$1,717 filing fee, leaving a balance of $2,233.

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

Bruce Warren, partner of Whitehurst Blackburn & Warren, 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 Debtor and its estates.

Whitehurst Blackburn can be reached at:

     Bruce Warren, Esq.
     WHITEHURST BLACKBURN & WARREN
     809 S. Broad Street
     Thomasville, GA 31792
     Tel: (229) 226-2161

                   About Acorn Properties, Inc.

Acorn Properties, Inc., based in Thomasville, GA, filed a Chapter
11 petition (Bankr. M.D. Ga. Case No. 17-70661) on June 30, 2017.
Bruce Warren, Esq., at Whitehurst Blackburn & Warren, serves as
bankruptcy counsel.

In its petition, the Debtor estimated $1.78 million to $1.36
million in both assets and liabilities. The petition was signed by
Edward K. Weckwert, Jr., officer.


ADPT DFW: Equity Panel Taps Miller Buckfire as Financial Advisor
----------------------------------------------------------------
The official committee of equity security holders of Adeptus Health
Inc. seeks approval from the U.S. Bankruptcy Court for the Northern
District of Texas to hire a financial advisor and investment
banker.

The equity committee proposes to hire Miller Buckfire & Co., LLC
and its affiliate Stifel, Nicolaus & Co., Inc. to provide these
services:

     (a) assist the committee's counsel in the preparation of
         pleadings;

     (b) provide financial advice and assistance to the
         committee's counsel in the analysis, preparation and
         implementation of a restructuring of Adeptus Health and
         its affiliates including ADPT DFW Holdings LLC;

     (c) assist and participate in negotiations with other
         stakeholders as part of any restructuring;

     (d) prepare a report concerning the Debtors' value or
         testimony if requested by the equity or its counsel; and

     (e) if the equity committee pursues a financing, assist in
         negotiating with the Debtors and other stakeholders in
         connection with such financing.

The firm will be compensated according to this fee structure:

     (a) A monthly fee of $150,000.

     (b) Plan Fee.  A fee of $500,000, earned upon closing or
         effectiveness of a restructuring, which is not objected
         to by the equity committee. No more than one
         restructuring fee should be due.

     (c) Financing Fee.  Only if, and to the extent, a financing
         is facilitated or provided by the equity committee (or    
     
         any of its members or their respective affiliates), a fee
        
         due upon first funding of such financing, equal to:

         (i) 1% of the gross proceeds of any first lien secured
             indebtedness financing; plus

        (ii) 3% of the gross proceeds of any other indebtedness  
             financing; plus

       (iii) 5% of the gross proceeds of any other financing,
             including equity and equity-linked securities and  
             other obligations.  

         However, to the extent such financing is provided by any
         member of the equity committee, the related portion of
         the financing fee will be reduced by 50%.

     (d) Fee Cap.  Total fees may not exceed $2 million.

     (e) Reimbursement for all work-related expenses.

Richard Klein, managing director of Miller Buckfire, disclosed in a
court filing that both firms  are "disinterested" as defined in
section 101(14) of the Bankruptcy Code.

Miller Buckfire can be reached through:

     Richard Klein
     Miller Buckfire & Co., LLC
     787 7th Avenue, 5th Floor
     New York, New York 10019

                   About ADPT DFW Holdings LLC

Adeptus Health LLC -- http://www.adpt.com/-- through its  
subsidiaries, owns and operates hospitals and free standing
emergency rooms in partnership with various healthcare providers.
Adeptus Health Inc. is a holding company whose sole material asset
is a controlling equity interest in Adeptus Health LLC.

Lewisville, Texas-based ADPT DFW Holdings LLC and its affiliates,
including Adeptus Health, Inc., and Adeptus Health LLC, each filed
Chapter 11 bankruptcy petitions (Bankr. N.D. Tex. Lead Case No.
17-31432) on April 19, 2017, listing $798.7 million in total assets
and $453.48 million in total debt as of Sept. 30, 2016.  Andrew
Hinkelman, their chief restructuring officer, signed the
petitions.

Judge Stacey G. Jernigan presides over the cases.

Elizabeth Nicolle Boydston, Esq., Kristian W. Gluck, Esq., John N.
Schwartz, Esq., Timothy S. Springer, Esq., and Louis R. Strubeck,
Jr., Esq., at Norton Rose Fulbright US LLP serve as the Debtors'
bankruptcy counsel. The Debtors tapped DLA Piper LLP (US) as
special counsel; FTI Consulting, Inc., as chief restructuring
officer; Houlihan Lokey, Inc., as investment banker; and Epiq
Systems as claims and noticing agent.

On May 1, 2017, a nine-member official unsecured creditors
committee was formed in the case. The committee tapped Akin Gump
Strauss Hauer & Feld LLP as counsel.  The Committee retained
CohnReznick as financial advisors.

On June 19, 2017, the U.S. Trustee appointed an official committee
of equity security holders.  The equity committee hired Winstead
P.C. as legal counsel.

Daniel T. McMurray has been named as Patient Care Ombudsman in the
Debtors' cases. The PCO tapped Focus Management Group USA, Inc., as
medical operations advisor.


ALLEGHENY-APPLE: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The Office of the U.S. Trustee on July 10 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Allegheny-Apple Productions,
LLC.

               About Allegheny-Apple Productions

Allegheny-Apple Productions, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 17-70498) on June
30, 2017.  Judge Jeffery A. Deller presides over the case.

At the time of the filing, the Debtor disclosed that it had
estimated assets and liabilities of less than $100,000.


ALLIANCE ONE: BlackRock, Inc., Holds 1.7% Stake as of June 30
-------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, BlackRock, Inc. disclosed that as of June 30, 2017, it
beneficially owns 155,659 shares of common stock of Allinace One
International Inc. representing 1.7 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/8gE0JG

                       About Alliance One

Alliance One International is principally engaged in purchasing,
processing, storing, and selling leaf tobacco.  The Company
purchases tobacco primarily in the United States, Africa, Europe,
South America and Asia for sale to customers primarily in the
United States, Europe and Asia.

Alliance One reported a net loss attributable to the Company of
$62.92 million on $1.71 billion of sales and other operating
revenues for the year ended March 31, 2017, compared to net income
attributable to the Company of $65.53 million on $1.90 billion of
sales and other operating revenues for the year ended March 31,
2016.  As of March 31, 2017, Alliance One had $1.97 billion in
total assets, $1.76 billion in total liabilities and $206.71
million in total equity.

                          *     *     *

As reported by the TCR on Sept.  30, 2016, Moody's Investors
Service upgraded Alliance One International, Inc.'s Corporate
Family Rating (CFR) to Caa1 from Caa2 and Probability of Default
Rating to Caa1-PD from Caa2-PD.  The Corporate Family Rating
upgrade to Caa1 reflects Moody's somewhat diminished concerns about
Alliance One's liquidity.

As reported by the TCR on June 23, 2017, S&P Global Ratings
affirmed its 'CCC+' corporate credit rating on Morrisville,
N.C.-based Alliance One International Inc. (AOI).  The rating
outlook is negative.  The rating affirmation reflects S&P's
forecast that the company's credit metrics will show modest
improvement but remain very weak over the next year, including
adjusted debt to EBITDA in the mid-9x area (compared to over 12x
currently) and EBITDA to cash interest coverage below 1.5x.
Despite S&P's forecast for modest improvement, the company has
missed its estimates over the last several years.


AP&E PROPERTIES: Disclosures OK'd; Plan Hearing on Sept. 14
-----------------------------------------------------------
The Hon. Frank W. Volk of the U.S. Bankruptcy Court for the
Southern District of West Virginia has approved AP&E Properties,
LLC's amended disclosure statement dated June 9, 2017, referring to
the Debtor's plan of reorganization.

A hearing will be held at 1:30 p.m. on Sept. 14, 2017, to consider
the confirmation of the Plan.

Objections to the confirmation of the Plan must be filed by Aug.
14, 2017.

Acceptances or rejections of the Plan must be filed by Aug. 14,
2017.

As reported by the Troubled Company Reporter on June 21, 2017, the
Debtor's amended disclosure statement dated June 9, 2017, proposes
to pay general unsecured creditors a distribution of $15.75, to be
distributed pro-rata on a quarterly basis for five years for a
total of $315.

                     About AP&E Properties

AP&E Properties, LLC, is a residential rental business located in
Beckley, West Virginia.  James P. Wills is the sole member and
manager of the business.  Mr. Wills was a Sargent Major in the U.S.
Army who retired Dec. 31, 2016.  AP&E's woes started when the local
college went bankrupt.

AP&E Properties sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. W.Va. Case No. 16-50282) on Nov. 15,
2016.  The petition was signed by James Phillip Wills.  At the time
of the filing, the Debtor estimated assets of less than $1 million
and liabilities of less than $500,000.  The Debtor is represented
by George L. Lemon, Esq., at Lemon Law Office.  No statutory
committee of unsecured creditors has been appointed in the case.


ASPIRITY ENERGY: Hires Steven B. Nosek as Attorney
--------------------------------------------------
Aspirity Energy, LLC, seeks authority from the U.S. Bankruptcy
Court for the District of Minnesota to employ Steven B. Nosek,
P.A., as attorney to the Debtor.

Aspirity Energy requires Steven B. Nosek to:

   a. provide pre-petition planning, analysis of the Debtor's
      financial situation, planned use of cash collateral, post-
      petition financing;

   b. render legal advice and assistance in the preparation of
      the necessary documents required by the Bankruptcy Court;
      and

   c. represent the Debtor in adversary proceedings, motions,
      meetings of creditors and formulation of a Plan of
      Reorganization of the Debtor's business.

Steven B. Nosek will be paid at the hourly rate of $200-$300.  The
firm will also be reimbursed for reasonable out-of-pocket expenses
incurred.

Steven B. Nosek, partner of Steven B. Nosek, P.A., 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 Debtor and its estates.

Steven B. Nosek can be reached at:

     Steven B. Nosek, Esq.
     Steven B. Nosek, P.A.
     2855 Anthony Lane South, Suite 201
     St. Anthony, MN 55418
     Tel: (612) 335-9171

                 About Aspirity Energy, LLC

Headquartered in Minnetonka, Minnesota, Aspirity Energy, LLC, is in
the business of providing electricity to several thousand retail
customers. Aspirity Energy has been in business for approximately
two years.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Minn. Case No. 17-41991) on June 30, 2017, estimating its assets at
up to $50,000 and its liabilities at between $1 million and $10
million. The petition was signed by Scott Lutz, president and CEO.

Judge Kathleen H. Sanberg presides over the case.

Steven B. Nosek, Esq., at Steven Nosek, P.A., serves as the
Debtor's bankruptcy counsel.


ASURION LLC: Moody's Assigns B1 CFR; Outlook Stable
---------------------------------------------------
Moody's Investors Service has assigned a B1 corporate family rating
and B1-PD probability of default rating to Asurion, LLC (Asurion),
an indirect subsidiary of Lonestar Intermediate Super Holdings, LLC
(Lonestar), which is wholly owned by NEW Asurion Corporation (NEW
Asurion). The rating agency has also affirmed the Ba3 ratings on
Asurion's first-lien credit facilities and assigned a B3 rating to
its new second-lien term loan (see list below). The company will
use proceeds from an increased first-lien term loan and the new
second-lien term loan, plus cash on hand, to repay its existing
second-lien term loan, repay Lonestar's unsecured term loan, and
pay related fees and expenses. The rating outlook for Asurion is
stable.

When the refinancing closes, Moody's will withdraw all of
Lonestar's ratings, including its B1 corporate family rating, B1-PD
probability of default rating and B3 unsecured term loan rating.

RATINGS RATIONALE

NEW Asurion continued to add subscribers in the US and
internationally through Q1 2017, driving further EBITDA growth and
a decline in financial leverage, according to Moody's. The
company's ratings reflect its dominant position in mobile device
services (Mobility) distributed through wireless carriers in the
US, Japan and other selected international markets. NEW Asurion
also has a good position in administration and underwriting of
extended warranty and product service and replacement plans
(Retail), mainly in the US. The group has a record of efficient
operations, excellent customer service and profitable growth in its
main business segments. These strengths are offset by the group's
high financial leverage, its business concentrations among certain
wireless carriers and retailers, and slowing growth prospects in
the relatively mature Retail segment. Also, risk management becomes
a greater challenge as the group expands internationally.

New Asurion has total borrowings of nearly $8 billion, resulting in
a debt-to-EBITDA ratio of about 5.5x, (EBITDA - capex) interest
coverage in the range of 2x-2.5x, and a free-cash-flow-to-debt
ratio in the mid-single digits, per Moody's calculations. These
metrics incorporate Moody's accounting adjustments for operating
leases and noncontrolling interest expense, and reflect interest
expense mainly on a cash basis to remove the effects of foreign
exchange hedging. The rating agency expects that NEW Asurion will
continue reducing leverage over the next 12-18 months through
EBITDA growth and moderate debt repayment, the latter based on
gradual amortization of first-lien term loans plus the allocation
of a portion of excess cash flow to loan prepayments.

NEW Asurion is owned by a consortium of private equity firms, other
institutional investors and company founders and managers. Through
a series of recapitalization transactions over the past few years,
the group has reduced the portion of equity held by private equity
firms from a majority to less than 30%, and Moody's expects this
trend to continue.

Factors that could lead to an upgrade of the group's ratings
include: (i) debt-to-EBITDA ratio below 5x, (ii) (EBITDA - capex)
coverage of interest exceeding 3.5x, (iii) free-cash-flow-to-debt
ratio above 8%, and (iv) EBITDA margins exceeding 22%.

Factors that could lead to a rating downgrade include: (i)
debt-to-EBITDA ratio above 6.5x, (ii) (EBITDA - capex) coverage of
interest below 2x, (iii) free-cash-flow-to-debt ratio below 4%, or
(iv) EBITDA margins below 16%.

Moody's has assigned the following ratings (and loss given default
(LGD) assessment) to Asurion:

Corporate family rating at B1;

Probability of default rating at B1-PD;

$1.8 billion replacement eight-year second-lien term loan at B3
(LGD5).

Moody's has affirmed the following ratings of Asurion:

$190 million first-lien revolving credit facility maturing in May
2022 at Ba3 (LGD3);

$2,607 million first-lien term loan maturing in August 2022 at Ba3
(LGD3);

$3,361 million (including pending $800 million increase)
first-lien term loan maturing in November 2023 at Ba3 (LGD3).

When the refinancing closes, Moody's will withdraw all of
Lonestar's ratings, including its B1 corporate family rating, B1-PD
probability of default rating and B3 rating on its $550 million
senior unsecured term loan, which will be repaid.

The principal methodology used in these ratings was Insurance
Brokers and Service Companies published in December 2015.

Based in Nashville, Tennessee, NEW Asurion is a global provider of
product protection and support services to the wireless, insurance,
retail and home repair service industries. The group has total
credit facilities of about $8 billion.


BENCHMARK POST: Hires Winningham Becker as Accountant
-----------------------------------------------------
Benchmark Post, Inc., et al., seek authority from the U.S.
Bankruptcy Court for the Central District of California to employ
Winningham Becker & Company, LLP, as accountant to the Debtors.

Benchmark Post requires Winningham Becker to:

   a. assist the Debtor in evaluating and addressing the
      potential tax ramifications of reorganization options that
      would affect the estate;

   b. prepare tax returns if necessary; and

   c. advise the Debtor of any tax consequences that would arise
      from the liquidation of the estate's assets.

Winningham Becker will be paid at these hourly rates:

     Partner                     $400
     Managers                    $240
     Senior Accountant           $190
     Staff                       $140

On April 26, 2017, Benchmark Post paid Winningham Becker the amount
of $15,000, and the amount of $11,014.21 was applied to prepetition
services, leaving a balance of $3,985.79.

Also on April 26, Benchmark Sound paid Winningham Becker the amount
of $5,000, of which $2,037 was applied to prepetition services,
leaving a balance of $2,963.

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

Jeffrey A. Becker, partner of Winningham Becker & Company, 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.

Winningham Becker can be reached at:

     Jeffrey A. Becker
     WINNINGHAM BECKER & COMPANY, LLP
     21031 Ventura Boulevard, Suite 1000
     Woodland Hills, CA 91364
     Tel: (818) 598-6525
     Fax: (818) 598-6535

               About Benchmark Post, Inc.

Located in Burbank, CA, Benchmark Post --
http://www.benchmarkpost.com/-- is an independent state-of-the-art
facility providing post production audio services for feature
films, television and motion picture advertising.  Benchmark Post
was founded in January 2015 by Re-Recording mixer Pedro Jimenez.

Benchmark Post, Inc., and its affiliates filed a Chapter 11
bankruptcy petition (Bankr. C.D. Cal. Case No. 17-15568) on May 5,
2017.  The Hon. Barry Russell presides over the case.
SulmeyerKupetz APC represents the Debtor as counsel.

In its petition, Benchmark Post, Inc., estimated $1 million to $10
million in both assets and liabilities.  Benchmark Sound Services,
estimated $100,000 to $500,000 in assets, and $1 million to $10
million in liabilities. The petition was signed by Pedro Jimenez,
president.


BIOSCRIP INC: Ares Management Has 9.2% Stake as of June 29
----------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of shares of common stock of BioScrip, Inc. as of June 29, 2017:
     
                                   Number of    Percentage
                                   Shares of        of
   Name                          Common Stock     Shares
   ----                          ------------   ----------
ASSF IV AIV B Holdings, L.P.      10,767,555       8.2%
ASSF Operating Manager IV, L.P.   12,236,957       9.2%
Ares Management LLC               12,256,957       9.2%
Ares Management Holdings L.P.     12,256,957       9.2%
Ares Holdco LLC                   12,256,957       9.2%
Ares Holdings Inc.                12,256,957       9.2%
Ares Management, L.P.             12,256,957       9.2%
Ares Management GP LLC            12,256,957       9.2%
Ares Partners Holdco LLC          12,256,957       9.2%

The Reporting Persons are either holding companies without
operations, or are principally engaged in the business of
investment management and investing in securities.  The manager of
ASSF IV is ASSF Operating Manager IV, and the general partner of
ASSF Operating Manager IV is Ares Management LLC.  The sole member
of Ares Management LLC is Ares Management Holdings and the general
partner of Ares Management Holdings is Ares Holdco.  The sole
member of Ares Holdco is Ares Holdings, whose sole stockholder is
Ares Management.  The general partner of Ares Management is Ares
Management GP, and the sole member of Ares Management GP is Ares
Partners.  Ares Partners is managed by a board of managers, which
is composed of Michael Arougheti, R. Kipp deVeer, David Kaplan,
Antony Ressler and Bennett Rosenthal.  Decisions by Ares Partners'
board of managers generally are made by a majority of the Board
Members, which majority, subject to certain conditions, must
include Antony Ressler.  The present principal occupation of each
of the Board Members is as follows: Michael Arougheti, Director and
President of Ares Management GP and Co-Founder of Ares Management;
R. Kipp deVeer, Director and Partner of Ares Management GP; David
Kaplan, Director and Partner of Ares Management GP and Co-Founder
of Ares Management; Antony Ressler, Chairman and Chief Executive
Officer of Ares Management GP and Co-Founder of Ares Management;
Bennett Rosenthal, Director and Partner of Ares Management GP and
Co-Founder of Ares Management.

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

                    https://is.gd/XXlYbm

                       About Bioscrip

Headquartered in Denver, Colo., BioScrip, Inc., is a national
provider of home infusion services.  The company's clinical
management programs and services provide access to prescription
medications for patients with chronic and acute healthcare
conditions, including gastrointestinal abnormalities, infectious
diseases, cancer, pain management, multiple sclerosis, organ
transplants, bleeding disorders, rheumatoid arthritis, immune
deficiencies and heart failure.

BioScrip incurred a net loss attributable to common stockholders of
$50.59 million for the year ended Dec. 31, 2016, compared to a net
loss attributable to common stockholders of $309.51 million for the
year ended Dec. 31, 2015.

As of March 31, 2017, Bioscrip had $602.4 million in total assets,
$575.9 million in total liabilities, $2.54 million in series A
convertible preferred stock, $71.84 million in series C convertible
preferred stock, and a $47.85 million total stockholders' deficit.

                          *    *    *

In July 2017, S&P Global Ratings affirmed its 'CCC' corporate
credit rating on home infusion services provider BioScrip Inc. and
removed the rating from CreditWatch, where it was placed with
negative implications on Dec. 16, 2016.  The outlook is positive.
"The rating affirmation reflects our view that, although BioScrip
addressed its upcoming maturities by refinancing its senior secured
credit facilities and improved its liquidity position, the
company's credit measures will remain weak in 2017 with debt
leverage of about 14x (including our treatment of preferred stock
as debt) and funds from operations (FFO) to debt in the low single
digits.

In March 2016, Moody's Investors Service downgraded BioScrip's
Corporate Family Rating to 'Caa2' from 'Caa1' and Probability of
Default Rating to 'Caa2-PD' from 'Caa1-PD'.


BIOSTAGE INC: Granted Continued Listing on Nasdaq
-------------------------------------------------
Biostage, Inc., announced that the Nasdaq Hearings Panel has
granted the Company's request for continued listing on Nasdaq.  The
Company's continued listing is subject to a number of conditions,
with the Panel's decision ultimately requiring that the Company
evidence full compliance with all requirements for continued
listing on The Nasdaq Capital Market, including the $1.00 bid price
and $2.5 million stockholders' equity requirements, by no later
than Nov. 13, 2017.

                         About Biostage

Biostage, Inc., formerly Harvard Apparatus Regenerative Technology,
Inc. -- http://www.biostage.com/-- is a biotechnology company
developing bioengineered organ implants based on the Company's new
Cellframe technology which combines a proprietary biocompatible
scaffold with a patient's own stem cells to create Cellspan organ
implants.  Cellspan implants are being developed to treat
life-threatening conditions of the esophagus, bronchus or trachea
with the hope of dramatically improving the treatment paradigm for
patients.  Based on its preclinical data, Biostage has selected
life-threatening conditions of the esophagus as the initial
clinical application of its technology.

Biostage reported a net loss of $11.57 million on $82,000 of
revenues for the year ended Dec. 31, 2016, compared to a net loss
of $11.70 million on $118,000 of revenues for the year ended Dec.
31, 2015.  As of March 31, 2017, Biostage had $7.95 million in
total assets, $6.43 million in total liabilities, and $1.52 million
in total stockholders' equity.

KPMG LLP, in Cambridge, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has suffered recurring
losses from operations and will require additional financing to
fund future operations which raise substantial doubt about its
ability to continue as a going concern.


BMB MUNAI: CEO Turlov Holds 88.6% Equity Stake as of June 29
------------------------------------------------------------
Timur R. Turlov reported in a regulatory filing with the Securities
and Exchange Commission that as of June 29, 2017, he beneficially
owns 434,212,446 shares of common stock, $.001 par value per share,
of BMB Munai, Inc. representing 88.6 percent of the shares
outstanding.

Mr. Turlov's business address is Office 1704, 4B Building, "Nurly
Tau" BC, 17 Al Farabi Ave, Almaty, Kazakhstan 050059.  He is the
chief executive officer and chairman of the board of directors of
the BMB Munai.  He is also the owner of FFINEU Investment Limited.

On June 29, 2017, BMB Munai closed the acquisition of Freedom RU.
As the Company had insufficient authorized by unissued common stock
to deliver the full agreed upon consideration at the closing of the
acquisition of Freedom RU, as an accommodation to facilitate the
closing, Mr. Turlov agreed to accept a partial issuance of
209,660,553 shares of the Company common stock and to defer
issuance of the balance of the shares agreed to until such time as
the Company completes a reverse stock split and recapitalization to
provide sufficient authorized by unissued shares to issue the
Reporting Person the full amount agreed in the Acquisition
Agreement.

A full-text copy of the Schedule 13D/A is available for free at:

                     https://is.gd/q8jEyh

                        About BMB Munai

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

BMB Munai reported a net loss of $578,139 on $0 of revenues for the
year ended March 31, 2017, compared to a net loss of $491,999
on $0 of revenues for the year ended March 31, 2016.  

As of March 31, 2017, BMB Munai had $8.58 million in total assets,
$8.73 million in total liabilities, all current, and a total
shareholders' deficit of $153,000.


C. HARRIS PROPERTIES: Hires Eileen N. Shaffer as Counsel
--------------------------------------------------------
C. Harris Properties, LLC, seeks authority from the U.S. Bankruptcy
Court for the Southern District of Mississippi to employ Eileen N.
Shaffer, Attorney at Law, as counsel to the Debtor.

C. Harris Properties requires Eileen N. Shaffer to:

   a. advise and consult with the Debtor regarding questions
      which will arise throughout the pendency of the bankruptcy
      proceeding;

   b. appear in, prosecute, and defend suits and proceedings, and
      to take all necessary and proper steps, and other matters
      and things involved in, or in connection with, the affairs
      of the estate of the Debtor-in-Possession;

   c. represent the Debtor in court hearings and assist in the
      preparation of contracts, reports, accounts, petitions,
      applications, orders, and other papers and documents as may
      be necessary in the bankruptcy proceedings;

   d. advise and consult in connection with any reorganization
      plan which may be proposed in the bankruptcy proceeding and
      any matters concerning the Debtor which arise out of, or
      follow the acceptance or consummation of, such
      reorganization or its rejection; and

   e. perform such other legal services on behalf of the Debtor
      as may become necessary in the bankruptcy proceeding.

Eileen N. Shaffer will be paid at these hourly rates:

     Attorney                            $200
     Paralegal                           $75

Eileen N. Shaffer will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Eileen N. Shaffer, member of Eileen N. Shaffer, Attorney at Law,
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 Debtor and its estates.

Eileen N. Shaffer can be reached at:

     Eileen N. Shaffer, Esq.
     EILEEN N. SHAFFER, ATTORNEY AT LAW
     401 East Capitol Street, Suite 316
     Jackson, MS 39215-1177
     Tel: (601) 969-3006
     Fax: (601) 949-4002
     E-mail: enslaw@bellsouth.net

                About C. Harris Properties, LLC

C. Harris Properties, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Miss. Case No. 17-02354) on June 29, 2017. The Debtor
is represented by Eileen N. Shaffer, Esq., at Eileen N. Shaffer,
Attorney at Law.


CABLE & WIRELESS: Fitch Affirms BB- IDR & Revises Outlook to Neg.
-----------------------------------------------------------------
Fitch Ratings has affirmed Cable & Wireless Communications
Limited's (CWC) Long-Term Foreign Currency and Local Currency
Issuer Default Ratings (IDR) at 'BB-'. The Rating Outlook on the
IDRs is revised to Negative from Stable. Fitch has also affirmed
all of the existing issue ratings at CWC's various subsidiaries.

KEY RATING DRIVERS

CWC's ratings reflect its leading market positions across
well-diversified operating geographies and service offerings,
underpinned by solid network competitiveness. CWC's market
positions were further strengthened by its acquisition of Columbus
International Inc. (Columbus) in 2015. The ratings are tempered by
CWC's high leverage for the rating level, cash flow leakage to
non-controlling shareholders for some of its key operations, and
pressured growth in its main mobile and fixed-voice segments due to
unfavourable industry trends.

CWC is a wholly owned subsidiary of Liberty Global plc (LG) and is
a part of LiLAC Group (LiLAC), which represents LG's Latin America
and Caribbean operations. The company benefits from the strategic
oversight by LG and its management expertise, as well as
procurement and operating synergies gained from the group. LiLAC
operating entities are separately capitalized, and operations are
managed independently. The LG group maintains a leverage target of
4.0x-5.0x for companies in the group. In Fitch's base case scenario
for the short to medium term, Fitch does not foresee any material
cash flow upstream to the parent given CWC's high leverage and
suppressed free cash flow (FCF) generation that limits capacity for
such cash flow upstream.

Revision of the Outlook to Negative reflects Fitch's expectation
for CWC to continue to experience negative FCF generation in the
short to medium term due to high capex and slow EBITDA growth due
to competitive pressures. The company's operational cash flow
generation remained suppressed in Fiscal 16, which ended on March
31, 2016 (FY16) and FY17 due to a high level of cash outflow
related with operational integration, mergers and acquisitions, and
restructuring. Absent a meaningful recovery in its cash flow from
operations, CWC's net leverage, especially FFO-based measures, is
likely to remain high for the rating category over the medium
term.

Solid Market Position:
CWC is an integrated telecom operator with operational geographies
in the Caribbean region, Latin America, and the Seychelles. The
company's operation is well diversified into mobile and fixed
services and it has the number one market position in the majority
of its markets, especially for the fixed-line segment following its
acquisition of Columbus, which resulted in improved scale and
network reach and quality. Panama is CWC's largest revenue
contributor, representing 28% of the total sales during 4Q of FY17,
followed by Jamaica with 14%, and Bahamas with 13%. The company's
revenue mix per service is also well balanced with its mobile
accounting for 38% of total sales during 4Q of FY17, managed
services with 17%, fixed-voice with 15%, and broadband with 13%.

The market structure in the region is mostly a duopoly. Fitch does
not believe the risk of a sizable new entrant to be high given the
relatively small size of each market amid the increasing market
maturity, especially for the mobile service. Under this
environment, Fitch expects the company's leading market positions
to remain stable over the medium term despite high competitive
pressures. In addition, the company's continued high investment for
network upgrades, especially for its fixed-line services, should
bode well for its network competitiveness in the coming years.

Slow Growth; Stable Margins:
CWC's revenue growth remained stagnant during FY17 as most segments
are pressured by a high level of competition and the unfavourable
industry trend. During FY17, the company's revenues contracted by
3%, mainly due to the suppressed mobile and fixed-voice segments.
Fitch does not expect revenue contraction in the mobile segment to
reverse at least for the short term as data ARPU improvement would
not be sufficient to fully mitigate the mobile voice ARPU trends.
Legacy fixed-voice revenue erosion is also unlikely to abate due to
waning demand given cheap mobile voice or
Voice-over-internet-protocol (VoIP) services. Fitch believes that
CWC's broadband and managed services segments will be the main
growth drivers backed by its increasing subscriber base and
relatively low service penetrations, and growing
corporate/government clients' IT service demands. Overall, Fitch
forecasts these two segments will enable resumed modest revenue
growth in FY18.

Amid revenue contraction, the company's EBITDA generation also fell
by 6% during FY17. Positively, recurring EBITDA has been relatively
stable during FY17 with a stable margin of 36%, broadly in line
with the 2016 level, which Fitch expects to remain intact over the
medium term, partly supported by its cost efficiency improvement
initiatives following the LG acquisition in 2016. The company plans
to save USD150 million by 2020 on a recurring basis; half is
through opex reduction, and the remainder is capex savings by
measures such as reduced pay-TV content costs and corporate costs
and procurement benefits.

Negative FCF:
Fitch expects CWC's negative FCF generation to remain uncurbed in
the short to medium term due to high capex amid suppressed cash
flow from operations. The company's operational cash flow
generation remained weak in FY17, as its CFFO was tepid at just
USD226 million, post the minority shareholder distributions,
against USD846 million of EBITDA, following CFFO of USD203 million
against USD902 million EBITDA in FY16, due to sizable restructuring
related operational cash outflows. In the absence of material
non-recurring cash outflows, Fitch estimates that CWC's CFFO, after
minority shareholder distributions, could improve toward USD400
million over the medium term. This will not be enough to cover its
capex, which Fitch expects to be around USD500 million in FY18
based on the capex-to-sales ratio of 22%. FCF turnaround would be a
challenge for the company over the medium term, which will impede
any deleveraging efforts.

LiLAC has initiated its share buyback program with USD260 million
remaining until 2019. Fitch does not believe CWC will be in a
position in the short term to support the buyback given its limited
FCF generation capacity.

High Leverage:
CWC's leverage is high for the rating category, and Fitch does not
expect this to materially improve over the medium term. The
company's leverage has notably increased since FY15 due to negative
FCF generation, and acquisition of Columbus. The company's cash
flow based leverage ratios were also materially higher than
EBITDA-based ratios, with its FFO-adjusted net leverage above 7x,
compared with its adjusted net debt to EBITDAR (adjusted net
leverage) of 4.4x at end-FY17.

Fitch estimates the company's adjusted net leverage to increase to
4.7x by FY19, based on Fitch's expectation for modest EBITDA growth
and negative FCF generation. FFO adjusted net leverage is expected
to improve, but still remain high at around 5.8x over the medium
term.

Different Recovery Prospects:
CWC's IDR is based on the consolidated credit profile of the group,
including Columbus, given the high degree of operational
integration and common business and financial strategy. For
issuance ratings, Fitch believes the creditors of SIFL, including
revolving credit facility and term loan, as well as senior
unsecured notes, enjoy structurally senior guarantees from key
intermediate and ultimate holding companies of the group, compared
to the unsecured notes at Cable & Wireless International Finance
B.V. (CWIF), which is only guaranteed by Cable & Wireless Limited.


Based on Fitch's recovery analysis, debts at SIFL (including
Coral-US Co-Borrower) have been assigned 'RR4' Recovery Ratings,
which represent an average recovery prospect in the case of
default, resulting in the same issuance ratings as the group IDR of
'BB-'. Based on the waterfall approach, Fitch does not expect there
to be meaningful residual value left for the unsecured notes at
CWIF after covering senior claims at SIFL, resulting in a 'RR5'
Recovery Rating and a 'B+' issuance rating, which is a notch lower
than the IDR.

The Recovery Rating on Columbus' senior unsecured notes should be
based on its own asset pool and cash flow generation given the
separate guarantor group structure from SIFL guarantor group. As
such, Fitch has assessed Columbus' notes recovery prospects on a
stand-alone basis, and assigned a 'RR4' Recovery Rating, resulting
in the same issuance rating as the group IDR of 'BB-.

DERIVATION SUMMARY

CWC's leading market position and diversified operations are
considered solid for a 'BB' category integrated telecom operator.
This strength is offset by its higher leverage than its peers in
the 'BB' rating category, such as Millicom International Cellular
S.A. ('BB+'/Stable) and VTR Finance ('BB-'/Stable), which is
another LiLAC entity in Chile. Fitch's expectation for continued
negative FCF generation and LiLAC group's financial policy could
limit any material deleveraging in the short- to medium-term. The
company's overall financial profile is stronger than its regional
competitor, Digicel ('B'/Outlook Stable). No country ceiling,
parent-subsidiary linkage, or operating environment aspects impact
the ratings.

KEY ASSUMPTIONS

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

-- Negative revenue growth in FY18, followed by low-single digits

    revenue growth from FY19;
-- EBITDA margin to remain stable at 36% over the medium term;
-- Capex to sales ratio of 22% in FY18, followed by gradual
    decline toward 19% by FY20;
-- Negative FCF generation uncurbed over the medium term;
-- No cash upstream to support share buyback program given
    limited FCF generation;
-- Adjusted net debt to EBITDAR to remain above 4.5x, and FFO-
    adjusted net leverage to remain above 5.5x over the medium
    term.

RATING SENSITIVITIES

Positive Rating Action:
-- Continued margin expansion and FCF generation turnaround,
    resulting in its adjusted net leverage falling well below 4.0x

    on a sustained basis and improvement on FFO-based net leverage

    to be more closely aligned with the EBITDAR based leverage
    ratios.

Negative Rating Action:
-- Sustained negative FCF generation driven by muted revenue
    growth and margin erosion due to competitive pressures amid
    high capex;
-- A high level of cash flow upstream to fund share buyback
    program;
-- Sustained deterioration in its EBITDAR-based adjusted net
    leverage above 4.5x, and failure to show meaningful reduction
    in FFO-adjusted net leverage.

LIQUIDITY

Good Liquidity: CWC's liquidity profile is sound backed by its
long-term debt maturities profile and its comfortable cash
position, which fully covered the short-term debt. The company held
USD288 million of readily-available cash as of March 31, 2017,
while its short-term debt maturities, including finance lease, was
USD88 million. In May 2017, CWC refinanced its USD1.1 billion
secured loan at SIFL, which was originally due 2022, with a new
USD1.125 billion term loan with an extended maturity to 2025. The
company has a USD625 million revolving credit facility at SIFL due
2023 with the full amount remained undrawn, which bolsters its
financial flexibility. The company has good access to international
capital market, when in need of external financing.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

Cable & Wireless Communications Limited
-- Long-Term Foreign Currency and Local Currency IDRs at 'BB-';
    Outlook revised to Negative from Stable.

Cable and Wireless International Finance B.V.
-- Senior unsecured notes at 'B+/RR5'.

Sable International Finance Limited
-- USD625 million senior secured revolving credit facility and
    USD1.125 term loans at 'BB-/RR4';
    (USD1.125 billion senior secured term loan was moved to Coral-
    US Co-Borrower LLC following the refinancing during May
    2017);
-- USD750 million senior unsecured notes at 'BB-/RR4'.

Columbus International Inc.
-- USD1.2 billion senior unsecured notes at 'BB-/RR4'.


CALIFORNIA RESOURCES: Havner Won't Stand for Director Re-Election
-----------------------------------------------------------------
Ronald L. Havner, Jr. will not stand for re-election as director at
California Resources Corporation's 2018 annual shareholders meeting
due to concerns raised by investors relating to the time commitment
required for his service on multiple boards while serving as the
chief executive officer of a publicly traded company, according to
a Form 8-K report filed with the Securities and Exchange
Commission.  This decision is not due to any disagreement with the
Company on any matter relating to the Company's operations,
policies or practices.

                  About California Resources

California Resources Corporation is an independent oil and natural
gas exploration and production company operating properties
exclusively within the State of California.  The Company was
incorporated in Delaware as a wholly-owned subsidiary of Occidental
on April 23, 2014, and remained a wholly-owned subsidiary of
Occidental until if was spun off.  On Nov. 30, 2014, Occidental
distributed shares of the Company's common stock on a pro rata
basis to Occidental stockholders and the Company became an
independent, publicly traded company, referred to in the annual
report as the Spin-off.  Occidental retained approximately 18.5% of
the Company's outstanding shares of common stock which it has
stated it intends to divest on March 24, 2016.

California Resources reported net income of $279 million on $1.54
billion of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of $3.55 billion on $2.40 billion of total
revenue for the year ended Dec. 31, 2015.  As of March 31, 2017,
the Company had $6.23 billion in total assets, $6.68 billion in
total liabilities and a total deficit of $447 million.

                        *    *    *

In September 2016, S&P Global Ratings raised its corporate credit
rating on California Resources to 'CCC+' from 'SD'.  "We raised
the corporate credit rating on CRC to reflect our reassessment of
its credit profile following the tender for its senior unsecured
notes," said S&P Global Ratings credit analyst Paul Harvey.  "The
rating reflects our expectation that debt leverage will remain at
what we consider unsustainable levels over the next 24 months
despite the net-debt reduction of about $625 million from the
tender," he added.

In August 2016, Moody's Investors Service downgraded California
Resources' Corporate Family Rating to 'Caa2' from 'Caa1' and
Probability of Default Rating to 'Caa2-PD' from 'Caa1-PD'.


CAPITAL TEAS: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Capital Teas, Inc.
           fdba Capteas, Inc.
           fdba Capital Teas, LLC
        1814 Margaret Avenue
        Annapolis, MD 21401

Business Description: Capital Teas -- http://www.capitalteas.com
                      -- is a retailer offering green, white,
                      black, oolong, rooibos, mate, fruit tisane,
                      and herbal tea products.  With an ever-
                      growing base of retail stores from outside
                      New York City to Miami to Denver, and a
                      strong web presence emanating from its
                      headquarters in Annapolis, Maryland, Capital
                      Teas executes its mission daily by educating
                      people and inspiring lives through the
                      wonders of tea, one cup at a time.  The
                      Company first opened its doors in 2007.  Co-
                      founder Peter Martino, its CEO, is a former
                      U.S. nuclear submarine officer, an attorney,
                      and a successful entrepreneur who sold his
                      first company to a public company.

Chapter 11 Petition Date: July 11, 2017

Case No.: 17-19426

Court: United States Bankruptcy Court
       District of Maryland (Baltimore)

Judge: Hon. Robert A. Gordon

Debtor's Counsel: Lisa Yonka Stevens, Esq.
                  YUMKAS, VIDMAR, SWEENEY & MULRENIN, LLC
                  10211 Wincopin Circle, Suite 500
                  Columbia, MD 21044
                  Tel: 443-569-0795
                  Fax: 410-571-2798
                  E-mail: lstevens@yvslaw.com

                     - and -

                  Lawrence Joseph Yumkas, Esq.
                  YUMKAS, VIDMAR, SWEENEY & MULRENIN, LLC
                  10211 Wincopin Circle, Suite 500
                  Columbia, MD 21044
                  Tel: (443) 569-0758
                  Fax: (410) 571-2798
                  E-mail: lyumkas@yvslaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Peter Martino, CEO.

The Debtor's list of 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mdb17-19426.pdf


CAR CHARGING: Prospectus over Common Shares Offering Revised
------------------------------------------------------------
Car Charging Group, Inc. has filed an amendment to its Form S-1
registration statement with the Securities and Exchange Commission
relating to a firm commitment public offering of:

     -- 2,162,162 shares of common stock, $0.001 par value per
share, and

     -- warrants to purchase 2,162,162 shares of Common Stock, of
the Company.

The number of shares and warrants are based on an assumed public
offering price of $9.25 per share, the last reported sales price
for the Company's Common Stock as reported on the OTC Pink Current
Information Marketplace on June 26, 2017, as adjusted to reflect
the 1:50 reverse stock split of the Common Stock that will be
effected in connection with this offering.  The warrants are
exercisable immediately, have an exercise price of $[__] per share,
125% of the combined public offering price of one share of Common
Stock and one warrant offered in this offering, and expire five
years from the date of issuance.

The Company's Common Stock is quoted on the OTC Pink Current
Information Marketplace under the symbol "CCGI".  The Company has
applied to have its Common Stock and warrants listed on The NASDAQ
Capital Market under the symbols "BLNK" and "BLNKW," respectively.
No assurance can be given that the Company's application will be
approved.  There is no established public trading market for the
warrants.  No assurance can be given that a trading market will
develop for the warrants.

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

                     https://is.gd/96fBBF

                      About Car Charging

Miami Beach, Florida-based Car Charging Group, Inc., is an
owner, operator, and provider of electric vehicle charging
equipment and networked EV charging services.  The Company offers
both residential and commercial EV charging equipment, enabling EV
drivers to easily recharge at various location types.

Car Charging reported a net loss attributable to common
shareholders of $9.16 million on $3.32 million of total revenues
for the year ended Dec. 31, 2016, compared with a net loss
attributable to common shareholders of $9.58 million on $3.95
million of total revenue for the year ended Dec. 31, 2015.

As of March 31, 2017, Car Charging had $2 million in total assets,
$25.81 million in total liabilities, $825,000 in series B
convertible preferred stock, and a $24.62 million total
stockholders' deficiency.

Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2016, citing that the Company has incurred net losses since
inception and needs to raise additional funds to meet its
obligations and sustain its operations.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


CASHMAN EQUIPMENT: 3 Trade Creditors Named to Official Committee
----------------------------------------------------------------
William K. Harrington, the United States Trustee, appoints these
holders of unsecured claims to the Official Committee of Unsecured
Creditors in the Chapter 11 cases of Cashman Equipment Corp. and
its debtor-affiliates:

     1. United Tugs, Inc.
        Attn: Mitch Eymard, President
        P.O. Box 341
        Harvey, LA 70059
        Tel: 504 394-6622
        Fax: 504 394-6983
        E-Mail: mitch@unitedtugs.com

     2. A&M Dockside Repair, Inc.
        Attn: Wayne Mayon, Sr.
        P.O. Box 1096
        9500 Highway 182E
        Amelia, LA 70340
        Tel: 985 631-9018
        Fax: 985 631-2588
        E-Mail: amdockside@att.net

     3. T&D Towing LLC
        Attn: Thomas C. Tamplain, Member
        P.O. Box 3249
        Morgan City, LA 70381
        Tel: 985 631-2100
        Fax: 985 631-2105
        E-Mail: ttamplain@tdtowing.com

The Committee has selected as counsel:

        Michael J. Fencer, Esq.
        John T. Morrier, Esq.
        CASNER & EDWARDS, LLP
        303 Congress Street
        Boston, MA 02210
        Tel: (617) 426-5900
        Fax: (617) 426-8810
        E-mail: fencer@casneredwards.com
                morrier@casneredwards.com

The U.S. Trustee is represented by:

        Paula R. C. Bachtell, Esq.
        John W. McCormack Post Office and Courthouse
        5 Post Office Square, Suite 1000
        Boston, MA 02109-3934
        Tel: (617) 788-0406
        Fax: (617) 565-6368
        E-mail: Paula.bachtell@usdoj.gov

                  About Cashman Equipment Corp.

Headquartered in Boston, Massachusetts, Cashman Equipment Corp. --
http://4barges.com/-- was founded in 1995 as a barge rental and
marine contracting company with a fleet of 10 barges, 9 of which
were built in the 1950s and 1960s.  Cashman Equipment and certain
of its affiliates and subsidiaries own, operate, rent, and sell a
fleet of vessels, including inland and ocean barges, marine
accommodation barges, specialized oil spill recovery barges, and
tugs, as well as marine equipment, such as cranes, accommodation
units, and marine pollution skimmers.

Cashman Equipment and certain of its affiliates and subsidiaries,
Cashman Scrap & Salvage, LLC, Servicio Marina Superior, LLC, Mystic
Adventure Sails, LLC, and Cashman Canada, Inc., filed bare-bones
Chapter 11 petitions (Bankr. D. Mass. Lead Case No. 17-12205) on
June 9, 2017. The petitions were signed by James M. Cashman, the
Debtors' president.  Mr. Cashman also commenced his own Chapter 11
case (Bankr. D. Mass. Case No. 17-12204).  The cases are jointly
administered.

Cashman Equipment estimated its assets and debt at between $100
million and $500 million.   Judge Melvin S. Hoffman presides over
the cases.

Harold B. Murphy, Esq., and Michael K. O'Neil, Esq., at Murphy &
King, Professional Corporation serve as Cashman Equipment, et al.'s
counsel.  Jeffrey D. Sternklar, Esq., at Jeffrey D. Sternklar LLC,
serves as Mr. Cashman's counsel, according to Mr. Cashman's
petition.

An official committee of unsecured creditors has been appointed in
the case.

Wilmington Trust Company in its capacity as Indenture Trustee under
(i) Trust Indenture dated December 4, 1997, and (ii) Trust
Indenture dated April 14, 1999, may be reached at:

     Steven M. Cimalore
     Wilmington Trust Company
     Rodney Square North
     1100 N. Market Street
     Wilmington, DE 19890
     E-mail: scimalore@wilmingtontrust.com

LAD Services of Louisiana, LLC, a creditor, may be reached at:

     Lee Dragna, President
     1043 E. Stephensville Road
     Stephensville, LA 70380
     E-mail: ldragna@ladcompanies.com


CASHMAN EQUIPMENT: Ex-Joint Venture Partner Wants to Join Panel
---------------------------------------------------------------
LAD Services of Louisiana, LLC, asks the U.S. Bankruptcy Court to
direct the U.S. Trustee to appoint it to the Official Committee of
Unsecured Creditors in Cashman Equipment's bankruptcy case.

LAD contends it is one of the largest unsecured creditors, with an
unsecured claim of no less than $1.5 million.  LAD says the claim
arises from litigation, whereby LAD seeks damages resulting from
Cashman's breach of certain contractual obligations.  The
litigation was filed prior to the bankruptcy filing and has been
stayed.

LAD says the U.S. Trustee "erroneously and arbitrarily" concluded
that LAD should be excluded from consideration because of an
alleged conflict of interest, despite being provided with evidence.


According to LAD, at the committee formation meeting on June 27,
the U.S. Trustee's representative informed LAD that it was being
excluded because of its participation in a prepetition Joint
Venture with Cashman.

LAD says the U.S. Trustee went on to appoint three unsecured
creditors -- all ordinary course trade vendors -- who hold claims
that, in the aggregate, constitute less than 11% of LAD's claim.
The  aggregate amount of all three of the Committee members' trade
claims is $152,052.07.

LAD contends it has a greater financial incentive than any of the
committee members to preserve the estates' assets and to serve the
interest of all unsecured creditors.

LAD also noted that Wilmington Trust Company, the holder of another
large non-trade debto unsecured claim, also was denied membership
of the Committee and may also seek relief to be appointed to the
panel.  LAD suggests that the Committee size be increased to five
to include both LAD and Wilmington Trust.

LAD and Cashman entered into a Joint Venture Agreement, dated May
24, 2010, to provide eight oil skimming barges and to provide oil
skimming services to BP following the BP Deepwater Horizon Oil
Spill in the Gulf of Mexico.  Under the JV Agreement, LAD Service's
role was to carry out the day-to-day oil skimming operations
provided to BP, while Cashman was obligated to perform certain
administrative duties, including preparing and submitting invoices
to BP.

According to LAD, in July 2010, without its knowledge or consent,
Cashman executed an amendment to the agreement with BP that
substantially decreased the amount the Joint Venture charged BP for
the oil skimming services (Cashman's general counsel allowed his
name to be stamped on amendments to the agreement).  Cashman did
not bill BP in accordance with the change to the agreement and BP
continued to pay the invoices submitted by Cashman.

In October 2013, BP filed suit federal court in Texas, in the
matter captioned, BP Exploration & Production, Inc. v. Cashman
Equipment Corporation, et al., Civil Action No. 4:13-CV-3046,
against Cashman, seeking reimbursement for overcharges in the
approximate amount $15,250,000.  In November 2013, BP added LAD and
the Joint Venture as parties to the lawsuit.  LAD denied any
liability to BP.  Nevertheless, LAD and Cashman entered into a
Joint Defense Agreement whereby the parties agreed to jointly
defend themselves against the BP allegations, without releasing any
claims between them.  The BP Litigation resulted in a settlement,
whereby Cashman agreed to be wholly responsible for the settlement
payment to BP.  LAD was released from any liability to BP in the
settlement.  LAD Services incurred attorney's fees and costs in
defending itself in the lawsuit brought by BP in the approximate
amount of $1,500,000.

Prior to BP filing suit, the Joint Venture was transformed into and
became Gulp Oil Skimmers, LLC -- GOS -- whose membership consisted
of Cashman and LAD.  GOS assumed the liabilities and obligations of
the Joint Venture, including any liability owed to BP, other third
parties and obligations of the Joint Venture members to each other.
In January 2015, Cashman purchased LAD's interest in GOS.

After the settlement of the BP Litigation was completed, LAD filed
its Petition for Damages on December 19, 2016, against Cashman and
GOS, captioned, LAD Services of Louisiana, L.L.C. v. Cashman
Equipment Corporation and Gulp Oil Skimmers, LLC, Case No. 130515,
in the 16th District Court for the Parish of St. Mary, State of
Louisiana.  The LAD Lawsuit resulted from acts committed by an
employee of Cashman (who was also its general counsel) when
administering the business of the Joint Venture (by allowing his
name to be stamped on amendments to the contract with BP without
first reviewing the amendments).   LAD seeks to recover as damages
the costs and attorney's fees it incurred in the BP Litigation in
light of Cashman's breach of duty of care owed to LAD, negligence
and/or breach of duty by the employee, and the assumption of LAD's
liabilities when the Debtor purchased LAD's interest in GOS.  The
LAD Lawsuit subsequently was removed to the United States District
Court in the Western District of Louisiana, in the matter
captioned, LAD Services of Louisiana, L.L.C. v. Cashman Equipment
Corp. et al, Case No. 6:17-CV-00017-RJD-PJH, and has been stayed
pending the Debtors' Chapter 11 cases.

LAD has filed a proof of claim for no less than $1,500,000 on June
26, 2017.

LAD is represented by:

     Stephanie Laird Tolson, Esq.
     Maureen Mulligan, Esq.
     Catherine Scott, Esq.
     PEABODY & ARNOLD LLP
     Federal Reserve Plaza
     600 Atlantic Avenue, 6th Floor
     Boston, MA 02210-2261
     Telephone: (617) 951-2100
     Facsimile: (617) 951-2125
     Email:  mmulligan@peabodyarnold.com
             cscott@peabodyarnold.com

          - and -

     Kyle A. Ferachi, Esq.
     Stephanie Laird Tolson, Esq.
     MCGLINCHEY STAFFORD, PLLC
     1001 McKinney, Suite 1500
     Houston, TX 77002
     Telephone: (713) 520-1900
     Facsimile: (713) 520-1025
     Email: kferachi@mcglinchey.com
            stolson@mcglinchey.com

                  About Cashman Equipment Corp.

Headquartered in Boston, Massachusetts, Cashman Equipment Corp. --
http://4barges.com/-- was founded in 1995 as a barge rental and
marine contracting company with a fleet of 10 barges, 9 of which
were built in the 1950s and 1960s.  Cashman Equipment and certain
of its affiliates and subsidiaries own, operate, rent, and sell a
fleet of vessels, including inland and ocean barges, marine
accommodation barges, specialized oil spill recovery barges, and
tugs, as well as marine equipment, such as cranes, accommodation
units, and marine pollution skimmers.

Cashman Equipment and certain of its affiliates and subsidiaries,
Cashman Scrap & Salvage, LLC, Servicio Marina Superior, LLC, Mystic
Adventure Sails, LLC, and Cashman Canada, Inc., filed bare-bones
Chapter 11 petitions (Bankr. D. Mass. Lead Case No. 17-12205) on
June 9, 2017. The petitions were signed by James M. Cashman, the
Debtors' president.  Mr. Cashman also commenced his own Chapter 11
case (Bankr. D. Mass. Case No. 17-12204).  The cases are jointly
administered.

Cashman Equipment estimated its assets and debt at between $100
million and $500 million.   Judge Melvin S. Hoffman presides over
the cases.

Harold B. Murphy, Esq., and Michael K. O'Neil, Esq., at Murphy &
King, Professional Corporation serve as Cashman Equipment, et al.'s
counsel.  Jeffrey D. Sternklar, Esq., at Jeffrey D. Sternklar LLC,
serves as Mr. Cashman's counsel, according to Mr. Cashman's
petition.

An official committee of unsecured creditors has been appointed in
the case and is represented by Michael J. Fencer, Esq., and John T.
Morrier, Esq., at Casner & Edwards, LLP.

Wilmington Trust Company serves as Indenture Trustee under (i)
Trust Indenture dated December 4, 1997, and (ii) Trust Indenture
dated April 14, 1999.


CASHMAN EQUIPMENT: UST, Committee Balk at LAD's Bid to Join Panel
-----------------------------------------------------------------
The Office of the U.S. Trustee and the official committee of
unsecured creditors in Cashman Equipment's Chapter 11 cases on
Monday asked the Bankruptcy Court to deny the request of LAD
Services of Louisiana, L.L.C. for an Order to be appointed to the
Committee.

"LAD mistakenly believes that because it holds a large, although
unscheduled claim, and it wants to be a member of the committee
that it has an absolute and inalienable right to be selected to
serve on the Committee," the U.S. Trustee argues.  

The U.S. Trustee contends that interest in serving and the size of
a creditor's claims are only two of the many factors the U.S.
Trustee may consider when deciding who should serve on a
Committee.

The U.S. Trustee relates it conducted a fulsome selection process
and selected three eligible and conflict free creditors to serve on
the Committee and to act as fiduciaries for all unsecured
creditors.  At present, the Committee, as selected, has retained
counsel and appears to be functioning and adequately representing
the interest of all unsecured creditors.

Meanwhile, the Committee tells the Court there is no need to expand
the Committee membership.  However, regardless of the Court's
decision on LAD's request, the Committee says it and its counsel
are committed to working with and hearing from LAD, and affording
to it the treatment and information to which it is entitled as a
member of the creditor constituency the Committee represents.

"The Committee acknowledges and respects equally the interests of
LAD as an asserted creditor, and the role of the United States
Trustee in the formation and population of the Committee.  While
the Committee members will continue to carry out their function as
they have already begun to do regardless of the Court's decision on
the Motion, the Committee members respectfully see no need to
augment the Committee membership," John T. Morrier, Esq,. the
committee's counsel, says.  

Mr. Morrier, with Casner & Edwards in Boston, contends that LAD's
argument that it has a larger claim compared to the combined claims
of the Committee members ignores the subjective significance of
both the Committee members' claims, and the possible continuation
of the Debtors' operations to the present and future successes of
their and other creditors' businesses.

"From their business view, the members' claims, and their present
and future business interests, are as equally important in these
cases as those of LAD, regardless of quantitative claim
differences," Mr. Morrier explains.  "The Committee members believe
their views on the importance of individual claims is universally
applicable to all creditors in these cases, and adequately
represents the interests of unsecured creditors generally."

Mr. Morrier also says the Committee views as unfair the apparent
LAD criticism that the members have, or possibly have "on-going
business relationships with the Debtors."  That they may do
business with the Debtors, or initially hope to work with the
Debtors to reorganize, does not incapacitate or disqualify the
Committee members from properly serving the interests of creditors
generally, or exercising sound business judgment, simply because
LAD ended its relationship with the Debtors, Mr. Morrier tells the
Court. The Committee members and its counsel are committed to
considering the interests of all unsecured creditors in their
decision making, which includes maximizing the economic value and
return for unsecured creditors, and finding the best form or forms
through which that value and those returns will come.

                  About Cashman Equipment Corp.

Headquartered in Boston, Massachusetts, Cashman Equipment Corp.
-- http://4barges.com/-- was founded in 1995 as a barge rental and
marine contracting company with a fleet of 10 barges, 9 of which
were built in the 1950s and 1960s.  Cashman Equipment and certain
of its affiliates and subsidiaries own, operate, rent, and sell a
fleet of vessels, including inland and ocean barges, marine
accommodation barges, specialized oil spill recovery barges, and
tugs, as well as marine equipment, such as cranes, accommodation
units, and marine pollution skimmers.

Cashman Equipment and certain of its affiliates and subsidiaries,
Cashman Scrap & Salvage, LLC, Servicio Marina Superior, LLC, Mystic
Adventure Sails, LLC, and Cashman Canada, Inc., filed bare-bones
Chapter 11 petitions (Bankr. D. Mass. Lead Case No. 17-12205) on
June 9, 2017. The petitions were signed by James M. Cashman, the
Debtors' president.  Mr. Cashman also commenced his own Chapter 11
case (Bankr. D. Mass. Case No. 17-12204).  The cases are jointly
administered.

Cashman Equipment estimated its assets and debt at between $100
million and $500 million.   Judge Melvin S. Hoffman presides over
the cases.

Harold B. Murphy, Esq., and Michael K. O'Neil, Esq., at Murphy &
King, Professional Corporation serve as Cashman Equipment, et al.'s
counsel.  Jeffrey D. Sternklar, Esq., at Jeffrey D. Sternklar LLC,
serves as Mr. Cashman's counsel, according to Mr. Cashman's
petition.

An official committee of unsecured creditors has been appointed in
the case and is represented by Michael J. Fencer, Esq., and John T.
Morrier, Esq., at Casner & Edwards, LLP.

Wilmington Trust Company serves as Indenture Trustee under (i)
Trust Indenture dated December 4, 1997, and (ii) Trust Indenture
dated April 14, 1999.


CENTENE CORP: Moody's Affirms Ba2 Sr. Debt Rating; Outlook Stable
-----------------------------------------------------------------
Moody's Investors Service has affirmed Centene Corporation's
(Centene; NYSE: CNC) ratings (senior debt at Ba2) and changed the
outlook to stable from negative, as the company has largely and
successfully integrated the Health Net acquisition, which closed in
March 2016. The insurance financial strength (IFS) ratings of
Centene's operating subsidiaries (see list below), all of which are
rated Baa2, have also been affirmed. At the same time, Moody's
assigned a new (P)B1 preferred stock rating to Centene's new class
of debt under its recently filed universal shelf registration.

RATINGS RATIONALE

In affirming Centene's ratings, Moody's noted the company's solid
market position in terms of membership, membership growth and
improved product diversity, all of which benefited from the Health
Net acquisition. The change in the outlook to stable from negative
reflects Centene's progress in integrating Health Net. Following
the acquisition, Centene's membership more than doubled in 2016,
and it has diversified into Medicare Advantage and the commercial
business, including a sizable and profitable position in the
individual market. Nevertheless, Centene still is concentrated in
Medicaid and has more full-risk membership than its higher rated
peers. While its financial profile has been steady, debt-to-capital
remains elevated, although the deleveraging process is ongoing.
Similarly, Centene's risk-based capital (RBC) ratio is below its
higher rated peers.

Moody's said that the stable outlook reflects the company's strong
results in 2016 during the major part of the integration process
and further integration risks are low. The outlook for 2017 is
solid as Centene continues to on-board new Medicaid mandates and it
greatly expanded its exposure to the individual market, where it is
one of a few companies that has been profitable. However, these
businesses -- both the individual market and Medicaid - remain
subject to significant regulatory uncertainty. As a positive from a
financial perspective, the company has no debt maturities scheduled
until early 2021.

Centene's credit strengths include the following: its solid
position in the Medicaid market, which has been a growth engine for
the industry in recent years; its strong unregulated cash flow
supported by growing specialty businesses; and the ability to
effectively manage the health benefit ratio.

Centene's credit challenges include the following: managing the
uncertainty related to new health care reform, which could result
in lower Medicaid membership and payments; relatively weak parent
cash flow coverage of interest expense; the greater reliance on
full-risk business relative to its larger peers, which leaves
Centene more vulnerable to unexpected increases in medical trend;
and elevated business risks related to its acquisition strategy.

RATINGS DRIVERS

Factors that could lead to an upgrade include the following:
financial leverage (where debt includes operating leases)
maintained at 40% or below; risk-based capital ratio maintained
above 180% of company action level (CAL); a further reduction in
the Medicaid concentration along with reduced reliance on full-risk
membership.

Factors that could lead to a downgrade include the following:
risk-based capital ratio falls to 165% of CAL or below; EBITDA
margins consistently below 3.5%; membership declines over 10% over
the next two-to-three years.

The following ratings were affirmed:

Centene Corporation -- senior unsecured debt rating at Ba2;
corporate family rating at Ba2;

Coordinated Care Corp. Indiana, Inc. -- insurance financial
strength rating at Baa2;

Health Net of California, Inc. -- insurance financial strength
rating at Baa2;

MHS Health Wisconsin -- insurance financial strength rating at
Baa2;

Peach State Health Plan, Inc. -- insurance financial strength
rating at Baa2;

Superior HealthPlan, Inc. -- insurance financial strength rating at
Baa2;

Bankers Reserve Life Insurance Company of Wisconsin -- insurance
financial strength rating at Baa2.

The following ratings have been assigned:

Centene Corporation -- senior unsecured shelf debt rating at
(P)Ba2; subordinated debt shelf rating at (P)Ba3; preferred stock
(cumulative and non-cumulative) shelf rating at (P)B1.

Outlook Actions:

Issuer: Centene Corporation

Coordinated Care Corp. Indiana, Inc.

Health Net of California, Inc.

MHS Health Wisconsin

Peach State Health Plan, Inc.

Superior HealthPlan, Inc

Bankers Reserve Life Insurance Company of Wisconsin

Outlook, Changed to Stable From Negative

Centene Corporation is headquartered in St. Louis, Missouri. For
the first three months of 2017 the company reported total revenues
of $11.8 billion with medical membership as of March 31, 2017 of
11.7 million, including approximately 6 million members that were
acquired in the Health Net acquisition. As of March 31, 2017 the
company reported shareholders' equity of approximately $6.1
billion. Centene operates in 28 states and 2 international
markets.

Moody's insurance financial strength ratings are opinions of the
ability of insurance companies to pay punctually senior
policyholder claims and obligations.


CHELLINO CRANE: Seeks to Employ Ordinary Course Professionals
-------------------------------------------------------------
Chellino Crane Inc. seeks approval from the U.S. Bankruptcy Court
for the Northern District of Illinois to hire professionals used in
the ordinary course of business.

The request, if granted, would allow the Debtor to hire "ordinary
course professionals" without filing separate employment
applications.  The Debtor seeks to employ these OCPs:

                                      Monthly Fee Cap
                                      ---------------
     Jones, Sager & Company LLC           $15,000
     Jackson Lewis P.C.                    $7,500
     Bonds, Zumstein & Konzelman P.C.      $5,000

In the same filing, the Debtor also asked the court for approval to
pay the OCPs 100% of their fees and expenses, and to approve the
employment of additional OCPs it may hire in the future.

                   About Chellino Crane Inc.

Headquartered in Joliet, Illinois, Chellino Crane Inc. and its
affiliates operate cranes for refineries owned by some of the
largest downstream oil and gas refineries in the world. Chellino
consists of two divisions: a Crane Division focused on providing
customers with a full range of crane services, and a Heavy
Haul/Heavy Lift Division, which specializes in transport and heavy
lift or rigging services. Sam Chellino began operating the company
in 1947, and to this day the company is family-owned and operated.

Chellino and four of its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 17-14200) on
May 5, 2017. The petitions were signed by Gregory Chellino,
president.

At the time of the filing, Chellino Crane estimated its assets and
liabilities at $50 million to $100 million.

Judge Carol A. Doyle presides over the cases. The Debtors hired
Sugar Felsenthal Grais & Hammer LLP as lead counsel; Akerman LLP as
special counsel; Conway MacKenzie, Inc. as financial advisor; and
Epiq Bankruptcy Solutions, LLC as noticing, claims and balloting
agent.

On May 17, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The committee tapped
Brown Rudnick LLP to serve as co-counsel with Freeborn & Peters
LLP; Emerald Capital Advisors Corp. as financial advisor; and
FocalPoint Securities, LLC, as investment banker.


CLUBCORP CLUB: S&P Puts B+ CCR on CreditWatch Neg Over Apollo Deal
------------------------------------------------------------------
S&P Global Ratings placed its 'B+' corporate credit rating on
Dallas-based ClubCorp Club Operations Inc. on CreditWatch with
negative implications. S&P said, "We also placed the 'B-'
issue-level rating on its $350 million senior notes due 2023 on
CreditWatch negative. The recovery rating on the notes is '6',
indicating our expectation for negligible (0%-10%; rounded
estimate: 5%) recovery in the event of a payment default."

The action follows ClubCorp's announcement that it has entered into
an agreement with Apollo to be acquired in an all-cash offer for
the company's stock at $17.12 per share, or approximately $1.1
billion excluding the assumption or refinancing of existing debt.
Complete financial terms of the transaction have not been
disclosed.

S&P said, "We also placed the rating on the company's senior notes
due 2023 on CreditWatch with negative implications because holders
of these notes have the right but not the obligation to require
ClubCorp to repurchase the notes in the event of a change of
control. As a result, some portion of the notes could remain in the
capital structure and we could lower the issue-level rating on the
notes in line with any downgrade of the company.

"We expect ClubCorp's $175 million priority revolver due 2020 and
its $675 million term loan B due 2022 will be refinanced when the
transaction closes because there is a change of control provision
in the credit agreement that will require refinancing of the credit
facility. As a result, we are not taking rating action on these
issue-level ratings.

"The CreditWatch listing reflects uncertainty about ClubCorp's pro
forma capital structure and the possibility that ClubCorp could
have meaningfully higher adjusted leverage compared to our current
base-case forecast. Our current base-case forecast, which does not
incorporate incremental debt to complete the acquisition by Apollo,
is for ClubCorp's total lease-adjusted debt to EBITDA to be about
5x through 2018, compared to our current 6x downgrade threshold.
Apollo has announced its plans to contribute up to $675 million in
equity to complete the transaction. As a result, we have assumed
the company will issue incremental debt to complete the
acquisition, and this could put downward pressure on the rating,
depending on the amount and cost of the debt raised. In addition,
forms of equity other than common stock, if any is contributed,
could be viewed as debt-like obligations that increase leverage on
the company. We also believe financial sponsors such as Apollo
frequently extract cash dividends or otherwise sustain high
leverage over time. In addition to these risk factors, we will
assess the impact of the acquirer's business strategy, including
proposed synergies from the transaction, the amount and use of free
cash flow over time, and modifications, if any, to the current
capital expenditures program. Upon further disclosure of financial
terms and the business strategy, we will assess ratings
implications, including a potential reassessment of the 6x
downgrade trigger.

"We will resolve the CreditWatch listing once we can assess the
leveraging impact of the acquisition, and the operating strategy,
investment plan, and financial policy of the company under its new
ownership. Based on our current downgrade threshold, we could lower
the rating by one notch if adjusted leverage exceeds 6x on a
sustained basis."


COBALT INTERNATIONAL: BlackRock Has 1.3% Stake as of June 30
------------------------------------------------------------
BlackRock, Inc. disclosed in an amended Schedule 13G filed with the
Securities and Exchange Commission that as of June 30, 2017, it
beneficially owns 385,748 shares of common stock of Cobalt
International Energy Inc. representing 1.3 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/7Fpb2x

                  About Cobalt International

Cobalt International Energy, Inc., is an independent exploration
and production company with operations currently focused in the
deepwater U.S. Gulf of Mexico.  In January 2016, the Company
achieved initial production of oil and gas from the Heidelberg
field.  The Company's exploration efforts in the U.S. Gulf of
Mexico have resulted in four oil and gas discoveries including the
North Platte, Shenandoah, Anchor, and Heidelberg fields, each of
which are in various stages of appraisal and development.  The
Company also has a non-operated interest in the Diaba Block
offshore Gabon.

Cobalt International reported a net loss of $2.34 billion on $16.80
million of revenues for the fiscal year ended Dec. 31, 2016,
compared to a net loss of $694.43 million on $nil of revenues for
the fiscal year ended Dec. 31, 2015.

As of March 31, 2017, Cobalt International had $1.93 billion in
total assets, $3.07 billion in total liabilities and a total
stockholders' deficit of $1.14 billion.

Ernst & Young LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, stating that the Company has near-term
liquidity constraints that raises substantial doubt about its
ability to continue as a going concern.


COGECO COMMUNICATIONS: Fitch Affirms BB+ IDR; Outlook Stable
------------------------------------------------------------
Fitch Ratings has affirmed the Issuer Default Rating (IDR) for
Cogeco Communications Inc. (Cogeco) at 'BB+'. The Rating Outlook is
Stable.

The rating affirmation is related to Cogeco's announcement that its
subsidiary, Atlantic Broadband Group, LLC (ABB) has entered into a
definitive agreement with Harron Communications, L.P. to purchase
all of its cable systems operating under the MetroCast brand name
for $1.4 billion. Adjusting for net present value of tax benefits,
the transaction multiple is approximately 9x. Financing for the
transaction includes a US$1.7 billion committed first lien term
loan and a US$150 million revolving credit facility at ABB that is
non-recourse debt to Cogeco. The transaction is expected to close
in January 2018 following regulatory approval. Leverage pro forma
at acquisition close would increase to an expected 3.7x on a
consolidated basis. Fitch anticipates Cogeco will reduce leverage
back to the lower 3x range within the next 18 months driven by debt
reduction.

KEY RATING DRIVERS

Good Complementary Fit: Fitch views the acquisition of MetroCast as
a good strategic fit that further diversifies Cogeco's cash flow
streams supported by relatively favorable demographics particularly
when compared to other ABB regions with lower competitive intensity
in smaller markets as only 5% of competitors offer triple play
services. ABB will need to reverse video and telephony trends that
have been pressured due to weaker competitive offerings with new
bundled services leveraging the TiVO platform, increased marketing
and sales focus, improved Internet speeds, and greater emphasis on
the commercial segment bolstered by upgraded services. Based on
Cogeco and ABB's experience in other markets, Fitch believes
improved subscriber trends are reasonable. Integration risk should
be lower given ABB's familiarity with the MetroCast Connecticut
acquisition.

Diversity, Growth Offset: Cogeco has diversified away from the more
mature cable market in Canada through acquisitions, including cable
assets in the U.S. The Canadian cable segment currently generates
roughly 67% of EBITDA compared to approximately 90% more than four
years ago. Following acquisition close, the Canadian cable segment
will generate approximately 56% of consolidated EBITDA. Foreign
exchange headwinds have slowed revenue and EBITDA growth in the
U.S. operations during the first half of fiscal 2017. Longer-term,
U.S. cable growth in the mid-single digits is supported by
increases in rates, the Internet base, TiVo, business sector
additions and bundling.

Competitive Cable Offering in Canada: Cogeco has largely mitigated
revenue pressure from competition in the Canadian cable segment
through leveraging its broadband position, rate increases on
certain products, higher TiVo penetration and increased market
share in its 150,000 businesses footprint as revenues grew 2.1% in
the first half of fiscal quarter 2017. This compares to 0.4% for
fiscal 2016. Canadian cable EBITDA margins have remained strong at
approximately 52% as actions taken above, mix shift to broadband
and good cost control have offset higher programming costs. The
stable margins have resulted in EBITDA increasing by 2.8%
year-to-date, similar to growth in 2016, which is supportive of
deleveraging plans.

Weakness in Business ICT Services: The turnaround in the business
ICT services to improve market positioning, sales generation and
capacity utilization has taken longer than expected as competitive
pricing pressure on hosting and network connectivity services and
the exiting of unprofitable services has created challenges. The
business ICT services, which is a much smaller segment, is
considered less strategic by Fitch and generates less than 10% of
Cogeco's consolidated EBITDA. Consequently, Cogeco has focused on
optimizing capital spending to improve cash generation, evidenced
by capital intensity of 12.3% for the six-month period ended Feb.
28, 2017 compared to 33.6% for the same period a year ago.

Opportunistic Bolt-on Acquisitions Continue: Cogeco has continued
to seek opportunistic bolt-on cable acquisitions in the higher
growth, U.S. market. Cogeco had material capacity within its
ratings for a sizeable bolt-on acquisition with leverage of 2.8x
for the LTM period ending Feb. 28, 2017. Over the long term, Fitch
expects the U.S. operations will approach the size of the Canadian
cable operations through further M&A. Fitch does not expect Cogeco
to engage in additional M&A until leverage is reduced.

DERIVATION SUMMARY

Cogeco's business profile is weaker than larger investment grade
telecom/cable peers like Rogers Communications ('BBB+'/Outlook
Stable) and Telus Inc. ('BBB+'/Outlook Stable) due to smaller scale
and less service diversification (no wireless) combined with higher
financial leverage. However, Fitch believes Cogeco has a good
business profile, primarily supported by the stable, high-margin
Canadian cable operations, with a competitive position anchored by
its high-speed internet and triple-play offering that leverages the
TiVO platform. Cogeco's cable systems are clustered in less
concentrated and less competitive suburban regions. Cogeco's
operating results have benefitted from 96% of its territories
offering 120Mbps service. Cogeco will continue to increase
broadband speeds (1 Gbps launches) in more competitive markets.

Cogeco's U.S. operations have grown in scale and are also generally
clustered in less competitive regions with direct broadcast
satellite (DBS) providers being the primary video competitor
including DISH Network Corp. ('BB-'/Outlook Negative) and DirecTV
(owned by AT&T, 'A-'/Rating Watch Negative) and various wireline
providers offering slower DSL Internet speeds, which constitutes
approximately 67% of ABB's current footprint. Once ABB upgrades
MetroCast's video offering to the TiVO platform, MetroCast should
have a stronger bundled offering in its region to take share from
the larger DBS providers.

In a smaller portion of ABB's markets, the company faces more
significant competition for high-speed Internet, voice and video
services from much larger peers including Verizon ('A-'/Outlook
Stable) in the Maryland/Delaware markets, AT&T in the Aiken and
Miami markets, Frontier ('B+'/Outlook Stable) in the Connecticut
market and Comcast ('A-'/Outlook Stable) in the Miami market. FTTH
coverage is at only 7% of ABB's current footprint in the Verizon
Maryland/Delaware markets and AT&T Aiken market with the remaining
regions (Connecticut and Miami) having FTTN coverage. According to
Cogeco's estimates, competitors have only built out 8% of homes
passed in the MetroCast footprint with FTTN or FTTH capabilities.

Overall, Fitch views Cogeco's U.S. business profile as
well-positioned and defensible given the strong management
execution, bundled service offerings and solid subscriber trends
despite the smaller scale relative to some of ABB's competitors.

KEY ASSUMPTIONS

Fitch's key assumptions within its rating case for the issuer in
FY2017 include:

-- Consolidated revenue growth in the low 2% range;
-- Consolidated leverage declining to the upper-to-mid-2x range;
-- Relatively stable profitability with consolidated EBITDA
    margins of approximately 45%;
-- Annual dividends increases expected at historical levels;
-- FCF (Fitch defined as cash from operations less capital
    spending less dividends) of approximately CAD275 million
    plus/minus 5%;
-- Expectations that FCF will be used for debt reduction;
-- Pro forma leverage at acquisition close in early 2018 is
    expected at 3.7x, reducing to approximately 3.5x by the end of

    fiscal 2018.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action
-- A change in financial policy and long-term commitment to
    maintain consolidated leverage at mid-2x range or below;
-- Stable and/or growing operating trends across its primary
    business segments;
-- Increased operational diversification;
-- Pre-dividend FCF-to-sales of greater than 10%.

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action
-- A large transaction that increases consolidated leverage in
    excess of mid-3x range for an extended period of time;
-- Greater than expected competition, substitution or cord-
    cutting/cord-shaving in Cogeco Communications territories that

    adversely affects operating trends and cash flow growth;
-- A change in financial policy resulting in higher leverage due
    to increased dividends or aggressive share repurchases;
-- Reduced consolidated FCF prospects as a result of competitive
    factors.

LIQUIDITY

Cogeco's main sources of liquidity are its credit facilities, cash
position and FCF. As of Feb. 28, 2017 Cogeco had approximately
CAD793 million available under its term revolving facility of
CAD800 million that matures in January 2022 (extended one year in
December 2016). In addition, two subsidiaries of Cogeco benefit
from a revolving facility of USD150 million of which USD56.5
million was borrowed, leaving USD93.5 million of availability.
Consolidated cash was CAD55 million.

Fitch expects that Cogeco will maintain a dividend policy
consistent with its current ratings. The company's objective is to
generate shareholder returns through capital appreciation and
dividend growth. Historically, Cogeco has not generally engaged in
share repurchase activity, which Fitch does not see as changing at
this time. The quarterly dividend is CAD0.43 per share, an increase
of CAD0.04 per share, or 10%, from a year ago.

Fitch's forecast assumes Cogeco will increase dividends in a
similar range over the next couple of years as a result of growth
in excess cash flows. Thus, while the company does not have a
formal dividend policy, Fitch expects it will target a dividend
payout in the range of 25%-30% of FCF before dividends and working
capital. Fitch anticipates FCF (defined as cash from operations
less capital spending less dividends) in the CAD275 million range
plus/minus 5% during the forecast period. Cogeco's current payout
ratio is materially lower than its larger cable and telecom peers.
Fitch does not expect ABB to issue dividends during the next
several years given its growth focus. Cogeco's agreement with
Caisse de depot et placement du Quebe, which has taken a 21%
ownership interest in ABB, is expected to be long-term in nature
with no put option for several years.

Cogeco's credit metrics have improved following past U.S.
acquisitions as total leverage (total debt/operating EBITDA) was
2.8x at the end of the second quarter of fiscal 2017 compared to
the mid-3x level at the end of fiscal 2015. The company has used
excess liquidity generated by FCF to pay down bank credit facility
borrowings. Long-term notes maturities over the next several years
are manageable with CAD100 million in fiscal 2018 and CAD55 million
in fiscal 2019. First lien credit facility debt at Cogeco's U.S.
subsidiaries approximates 30% of the company's capital structure.
While the debt is non-recourse to Cogeco, Fitch has consolidated
the U.S. subsidiary debt given the strategic importance of the U.S.
operations that serves as the primary beachhead for M&A
opportunities.

Cogeco's U.S. cable subsidiary, ABB, generates sufficient cash
flows to self-fund its operations. This is supported by a
substantial tax shield related to net operating losses and
intangibles step-up, a competitive environment with limited
triple-play competition and the expected growth from increasing
underpenetrated services. Factoring in the new tax benefits from
the MetroCast transaction that are estimated in the $300 million
range, Cogeco does not expect to pay cash taxes from its U.S.
subsidiaries for nearly the next five years. Cogeco also receives
material tax benefits in Canada from deductibility related to ABB's
interest payments. Capital intensity is expected to be modestly
higher in fiscal 2017 (roughly 20% in fiscal 2016) as a result of
strategic investments in higher growth segments such as commercial
services, which should continue to improve the competitive position
relative to satellite operators that are the primary competitors in
approximately three quarters of its U.S. markets.

FULL LIST OF RATING ACTIONS

Fitch has affirmed Cogeco's ratings as follows:

-- IDR at 'BB+';
-- Senior unsecured notes at 'BB+/RR4';
-- Senior secured notes at 'BBB-/RR1'.

The Rating Outlook is Stable.


COGECO COMMUNICATIONS: Moody's Affirms B1 Corporate Family Rating
-----------------------------------------------------------------
Moody's Investors Service affirmed all ratings of Cogeco
Communications (USA) L.P., including the B1 Corporate Family Rating
(CFR), B1-PD Probability of Default Rating (PDR), Ba3 (LGD 3)
Senior Secured Bank Facility. This action follows the announcement
that Cogeco will acquire the MetroCast assets for $1.4 billion from
Harron Communications, L.P. The purchase price multiple is
approximately 9.0x, net of tax benefits. Cogeco will finance this
acquisition with a combination of $1.1 billion in committed secured
debt and a $315 million equity investment by Caisse de depot et
placement du Quebec, a Canadian private equity firm, for a 21%
minority interest. The deal is subject to customary regulatory
approvals and expected to close in January 2018. Other than tax
benefits, there are no net deal synergies contemplated. In
connection with the transaction, the company will also refinance
its existing $585 million Senior Secured Bank Credit Facility. The
Outlook is stable.

The transaction will add about $850 to $900 million (projected) in
incremental debt (net of a conversion of $250 million to equity and
repayment of $15 million of the company's existing $265 million
intercompany note). Pro forma for the acquisition, leverage
(Moody's adjusted) will be in the low 5x range at closing, at least
1x higher than it would have been otherwise, at the end of 2017.
However, the ratio will remain comfortably within Moody's ratings
tolerance of 6.0x. Moody's expects leverage to improve with growth
in EBITDA and free cash flow used to repay debt through the end of
2018.

The terms and conditions of the new debt are unknown at this time.
Once Moody's has the information, Moody's will evaluate the
instrument ratings on the new transaction debt in the final pro
forma capital structure at close, expected January 2018.

Moody's affirmed the following ratings:

Issuer: Cogeco Communications (USA) L.P.

-- Corporate Family Rating -- B1

-- Probability of Default Rating -- B1-PD

-- Speculative Grade Liquidity Rating -- SGL-3

-- Senior Secured Bank Credit Facility -- Ba3 (LGD 3)

Outlook Actions:

Issuer: Cogeco Communications (USA) L.P.

-- Outlook: Stable

RATINGS RATIONALE

Cogeco Communications (USA) L.P.'s B1 Corporate Family Rating (CFR)
reflects the company's small scale, declining video and phone
subscriber base, and elevated leverage that will be in the low 5x
range, pro forma for the acquisition of MetroCast at the end of
2017. Despite the incremental leverage, the contribution of
MetroCast produces strong operating metrics including EBITDA
margins greater than 50% and revenue per homes passed about $975.
The target assets will also add some scale and domestic diversity
on the east coast in markets with good demographics. This will help
the company's small scale. However, the company remains one of the
smallest US operators Moody's rate with only a regional footprint
on the East Coast, and a cluster in Florida. The company, facing
competition from new and existing MVPD's, is losing video
subscribers at a rate of low single digits annually, causing video
penetration to fall. Moody's projects its share will continue to
decline from the pro forma ratio of 38%, over the next 12-18
months, (down from nearly 45%, in fiscal 2013).

Despite this pressure, the company's fiber-rich, DOCSIS 3.0 enabled
network is very competitive producing relatively fast broadband
speeds of at least 120 Mbps. The strong network assets positions
the company to benefit from organic growth in demand for broadband
(high-speed data or HSD) coming from both residential and
commercial customers. HSD subscribers are growing by at least
mid-single digits, supporting very strong EBITDA margins that will
be at least mid-40% range, helping to offset the negative effects
of video subscriber losses. The rate of broadband net adds has been
more than 2x that of the loss of video subscriber losses, a healthy
ratio during this secular transition. The rating is also supported
by a stable business model that generates a predictable stream of
recurring revenues, growing by mid-single digits. Sponsorship from
the company's much larger parent company, Cogeco Communications,
Inc. (Cogeco, unrated), is also a positive credit factor.

The stable outlook incorporates Moody's views that revenue will be
more than $700 million, EBITDA margins will be at least mid-40%
range, and free cash flow conversion will be about 10% of revenue.
Expectations for Moody's adjusted leverage are for debt-to-EBITDA
to be in the low 5x range at the end of 2017, pro forma for the
close of the MetroCast transaction. Moody's projects the ratio to
improve to under 5x by the end of 2018 with EBITDA growth and debt
repayment. Moody's outlook incorporates a loss of video
subscribers, largely offset by a gain in broadband subscribers.
Moody's also assume TPE will initially fall with MetroCast's weaker
penetration. However, revenue / home passed will improve with a
better metric at MetroCast. Moody's expects liquidity to remain
adequate, and financial policies to remain unchanged. Moody's also
does not anticipates changes in Moody's outlook due to near-term
event risks and or material developments in regulation, market
position, or key performance measures. Moody's expects the
company's financing of the MetroCast assets to pressure the
instrument-level ratings, without any loss absorption from junior
debt, assuming the company moves to an all secured structure where
one class of debt typically results in a recovery equivalent to the
CFR.

Moody's would consider a positive rating action if:

* Leverage (Moody's adjusted debt-to-EBITDA) sustained at 4x times
or below; and

* Sustained high single-digit free cash flow to debt.

A positive rating action would also be considered if the company
maintains good liquidity, improves the scale of the company, adopts
more conservative financial policies, there is a low probability of
near-term event risks and or there are positive developments in
regulation, market position, capital structure, or key performance
measures.

Moody's would consider a negative rating action if:

* Leverage (Moody's adjusted debt-to-EBITDA) to remain closer to 6
times (or above); or

A negative rating action would also be considered if churn rose
above sector averages, liquidity deteriorated, the company adopted
more aggressive financial policies, or Moody's anticipates the
possibility of a material and adverse change in regulation, market
position, capital structure, key performance measures, or the
operating model.

Headquartered in Quincy, Massachusetts, Cogeco Communications (USA)
L.P. serves approximately 237 thousand video, 270 thousand high
speed data and 101 thousand phone subscribers across Western
Pennsylvania, Maryland, Delaware, Miami Beach, Eastern Connecticut,
and South Carolina in addition to providing commercial video, high
speed data, and phone services within its footprint. Last twelve
month fiscal revenue, ended February 2017, was approximately $474
million. With the MetroCast acquisition, the company will add 233
thousand PSU's and extend its network into 5 states including New
Hampshire, Maine, Pennsylvania, Maryland, and Virginia. The assets
are expected to generate $230 million in revenue and $121 million
of pro forma adjusted EBITDA in 2017.

The principal methodology used in these ratings was Global Pay
Television - Cable and Direct-to-Home Satellite Operators published
in January 2017.


COMPACTION UNLIMITED: Court Conditionally Okays Plan Outline
------------------------------------------------------------
The Hon. Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas has conditionally approved Compaction
Unlimited, LLC's disclosure statement dated June 23, 2017,
referring to the Debtor's Chapter 11 plan of reorganization dated
June 23, 2017, which proposes to pay its creditors $2,500 per month
for 60 months starting on Aug. 1, 2017, for a total paid in base of
$150,000.  This is a 24% dividend to its unsecured creditors.

A copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/txeb17-40314-26.pdf

The hearing to consider final approval of the Debtor's Disclosure
Statement and to consider the confirmation of the Debtor's Plan is
will be held on Aug. 3, 2014, at 10:00 a.m.

July 28, 2017, is the last day for filing and serving written
objections to: (1) the final approval of the Debtor's Disclosure
Statement; or (2) confirmation of the Debtor's Plan.

Aug. 1, 2017, is the last day for filing written acceptances or
rejections of the Debtor's Plan which must be received by 5:00 p.m.
(CDT) on that date.

As reported by the Troubled Company Reporter on July 5, 2017, the
Debtor filed with the Court a disclosure statement in connection
with its plan of reorganization, dated June 23, 2017, which
provides for the repayment of 100% of its administrative debts and
24% of its unsecured debts by paying $2,500 per month for 60 months
for a total base pay-in of $150,000.

                   About Compaction Unlimited

Compaction Unlimited, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E. D. Texas Case No. 17-40314) on Feb.
16, 2017.  

The Debtor had previously filed a Chapter 11 petition (Case No.
16-40928) in the same court.  The petition was filed on May 24,
2016.  The Debtor was represented by Durand & Associates, PC.


CONDADO RESTAURANT: Plan Outline Okayed, Plan Hearing on Oct. 25
----------------------------------------------------------------
Condado Restaurant Group, Inc., and Restaurant Associates of Puerto
Rico, Inc., are now a step closer to emerging from Chapter 11
protection after a bankruptcy judge approved the outline of their
plan of reorganization.

Judge Brian Tester of the U.S. Bankruptcy Court in Puerto Rico gave
the thumbs-up to the disclosure statement after finding that it
contains "adequate information."

A court hearing to consider confirmation of the plan is scheduled
for October 25, at 2:00 p.m.  The hearing will take place at the
Jose V. Toledo Federal Building & U.S. Courthouse, Courtroom No. 1,
Second Floor, 300 Del Recinto Sur Street, Old San Juan, Puerto
Rico.

Any objection to confirmation of the plan must be filed no later
than seven days prior to the hearing.

                    About Condado Restaurant

Condado Restaurant Group, Inc., and Restaurant Associates of Puerto
Rico filed for Chapter 11 bankruptcy protection (Bankr. D. P.R.
Case Nos. 16-01329 and 16-01330) on Feb. 24, 2016.  The petitions
were signed by Dayn Smith, president.  The Debtors' cases were
consolidated on May 12, 2016, in lead Case No. 16-
01329.

The Debtors are represented by Javier A. Vega Villalba, Esq., at
Weinstein Bacal & Miller, PSC.  The Debtor hired Acosta & Ramirez
as financial consultant.

Condado Restaurant Group, Inc. estimated assets and liabilities at
$1 million to $10 million.  Restaurant Associates of Puerto Rico,
Inc., estimated less than $500,000 in assets and $1 million to $10
million in liabilities.


CRYSTAL WEALTH: CCAA Claims Bar Date Set for August 3
-----------------------------------------------------
The Ontario Superior Court of Justice (Commercial List) ordered all
the creditors of Crystal Wealth Group to file their proofs of claim
against the Company no later than 5:00 p.m. (Toronto Time) on Aug.
3, 2017.  

Creditors may obtain the claims procedure order and a claims
package from the website of Grant Thornton Limited, Court-appointed
receiver and manager of the Crystal Wealth Group, at
http://grantthornton.ca/crystalwealthor by contacting the receiver
by telephone at (866) 448-5867 or by email at
crystalwealth@grantthornton.ca

Among those creditors who do not need to file a proof of claim are
investors in the Crystal Wealth Group and whose claim derives from
the investor's investment in the Crystal Wealth Group.  Consult the
claims procedure order made on June 30, 2017, for details with
respect to this and other exemptions.

Crystal Wealth Group is comprised of Crystal Wealth Management
System Limited, Clayton Smith, Crystal Wealth Media Strategy,
Crystal Wealth Mortgages Strategy, Crystal Enlightened Resource &
Precious Metals Fund, Crystal Wealth Medical Strategy, Crystal
Wealth Enlightened Factoring Strategy, ACM Growth Fund, ACM Income
Fund, Crystal Wealth High Yield Mortgage Strategy, Crystal
Enlightened Bullion Fund, Absolute Sustainable Dividend Fund,
Absolute Sustainable Property Fund, Crystal Wealth Enlightened
Hedge Fund, Crystal Wealth Infrastructure Strategy, Crystal Wealth
Conscious Capital Strategy, Crystal Wealth Retirement One Fund, CLJ
Everest Ltd., and 1150752 Ontario Limited.

Pursuant to an Order of the Ontario Superior Court of Justice
(Commercial List) issued on April 26, 2017, upon application by the
Ontario Securities Commission pursuant to s. 129 of the Securities
Act, R.S.O. 1990, c S.5, Grant Thornton Limited became the receiver
and manager of all of the assets, undertakings and properties of
the Company.  Pursuant to the Appointment Order, Grant Thornton
Limited also became the receiver of all of the assets,
undertakings, and properties of 15 proprietary open-ended mutual
fund trusts created and managed by the Company, and of the assets,
undertakings, and properties of certain additional persons and
entities.


CUMULUS MEDIA: Seven Directors Elected by Stockholders
------------------------------------------------------
At the 2017 annual meeting of stockholders of Cumulus Media Inc.,
the stockholders:

   (1) elected Jeffrey A. Marcus, Mary G. Berner, Jill Bright,
       John W. Dickey, Ralph B. Everett, Ross A. Oliver and
       David M. Tolley to serve as directors of the Company until
       the Company's next annual meeting of stockholders and until
       their successors are elected and qualified;

   (2) approved, on an advisory basis, the compensation paid to
       the Company's named executive officers;

   (3) approved, on an advisory basis, the yearly frequency of
       future advisory shareholder votes on the compensation paid
       to the Company's named executive officers; and

   (4) ratified the appointment of PricewaterhouseCoopers LLP as
       the Company's independent registered public accounting firm

       for 2017.

In connection with her election to the Board, Jill Bright was
appointed as a member of the Nominating Committee and the
Compensation Committee of the Board

As a result of the foregoing, the Board determined that the Company
will hold future advisory shareholder votes on the compensation
paid to the Company's named executive officers annually until the
next required advisory shareholder vote on the frequency of future
advisory shareholder votes on the compensation paid to the
Company's named executive officers, which will be no later than the
Company's annual meeting of stockholders in 2023.

                       About Cumulus Media

Atlanta, Georgia-based Cumulus Media Inc. --
http://www.cumulus.com/-- is a radio broadcasting company.  The
Company is also a provider of country music and lifestyle content
through its NASH brand, which serves through radio programming,
NASH Country Weekly magazine and live events.  Its product lines
include broadcast advertising, digital advertising, political
advertising and non-advertising based license fees.  Its broadcast
advertising includes the sale of commercial advertising time to
local, national and network clients.  Its digital advertising
includes the sale of advertising and promotional opportunities
across its Websites and mobile applications.  Its across the
nation platform generates content distributable through both
broadcast and digital platforms.

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

Cumulus Media incurred a net loss of $510.7 million in 2016
following a net loss of $546.49 million in 2015.  As of March 31,
2017, Cumulus Media had $2.41 billion in total assets, $2.91
billion in total liabilities and a total stockholders' deficit of
$498.02 million.

                         *     *     *

The TCR reported on March 16, 2017, that S&P Global Ratings raised
its corporate credit rating on Atlanta, Ga.-based Cumulus Media
Inc. and its subsidiary Cumulus Media Holdings Inc. to 'CCC' from
'CC'.  The rating outlook is negative.  "We believe Cumulus may
look to exchange debt at subpar levels or repurchase debt at
discounted levels in 2017, which we would view as tantamount to
default, based on our criteria," said S&P Global Ratings' credit
analyst Jeanne Shoesmith.  "We could lower our ratings on the
company if it announces a subpar debt tender offer."  Various
tranches of debt at Cumulus are currently trading at roughly a
30%-60% discount to par.

As reported by the TCR on April 14, 2017, Moody's Investors Service
downgraded Cumulus Media Inc.'s (Cumulus) Corporate Family Rating
to Caa2 from Caa1, the secured credit facilities to Caa1 from B3,
and senior unsecured notes to Ca from Caa3.  The outlook was
changed to negative from stable.  The downgrade reflects the
elevated risk of a restructuring of its balance sheet and its
unsustainable leverage level of 11.3x (excluding Moody's standard
lease adjustments) as of Q4 2016.


CYTORI THERAPEUTICS: 2016 Conflict Minerals Report Filed
--------------------------------------------------------
Cytori Therapeutics, Inc. filed with the Securities and Exchange
Commission its conflict minerals report on Form SD for the period
from Jan. 1, 2016, to Dec. 31, 2016.

For the year 2016, certain of the Company's operations
manufactured, or contracted to manufacture, products for which 3TGs
are necessary to their functionality or production.  Conflict
minerals are defined in Section 13(p) as (A) cassiterite,
columbite-tantalite (coltan), gold, wolframite, and their
derivatives, which are limited to tin, tantalum and tungsten
(together with gold collectively referred to as 3TGs), or (B) any
other mineral or its derivatives determined by the Secretary of
State to be financing conflict in the Democratic Republic of Congo
("DRC") or any adjoining country that shares an internationally
recognized border with the DRC.  Accordingly, the Company has
conducted a reasonable country of origin inquiry that was designed
to determine whether any of the 3TGs in its Covered Products
originated in the Democratic Republic of the Congo or an adjoining
country (Angola, Burundi, the Central African Republic, the
Republic of the Congo, Rwanda, South Sudan, Tanzania, Uganda or
Zambia), or were from recycled or scrap sources.

A summary of the Company's RCOI and steps of due diligence on the
source and chain of custody of any 3TGs in the Company's Covered
Products, is included in its Conflict Minerals Report, a copy of
which is available for free at https://is.gd/wAUEPz

                         About Cytori

Based in San Diego, California, Cytori Therapeutics (NASDAQ: CYTX)
-- http://www.cytori.com/-- provides patients and physicians
around the world with medical technologies, which harness the
potential of adult regenerative cells from adipose tissue.  The
Company's StemSource(R) product line is sold globally for cell
banking and research applications.

Cytori reported a net loss of $22.04 million for the year ended
Dec. 31, 2016, compared to a net loss of $18.74 million for the
year ended Dec. 31, 2015.  As of March 31, 2017, Cytori had $29.77
million in total assets, $22.40 million in total liabilities and a
$7.36 million in total stockholders' equity.

BDO USA, LLP, in San Diego, California, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, stating that the Company has suffered
recurring losses and negative cash flows from operations that raise
substantial doubt about its ability to continue as a going concern.


CYTOSORBENTS CORP: Gets Additional $5M Loan from Bridge Bank
------------------------------------------------------------
CytoSorbents Corporation received on June 30, 2017, an additional
$5 million from the Life Sciences Group of Bridge Bank, a division
of Western Alliance Bank.

In June 2016, CytoSorbents and its U.S. operating subsidiary,
CytoSorbents Medical, Inc. entered into a Loan and Security
Agreement with Western Alliance Bank, securing an initial $5
million 4-year term loan that was funded on June 30, 2016.  On June
30, 2017, the Company elected to drawdown the additional $5 million
of funding available under the Loan and Security Agreement,
bringing its total borrowings under the facility to $10 million.

As a result of this additional drawdown, the period of
interest-only payments on both term loans is extended by six months
through Dec. 31, 2017, followed by 30 months of straight line
amortization through the July 1, 2020, maturity date.

The Company intends to use the proceeds from the loan to provide
working capital to fund ongoing operations and to support clinical
trials.
  
"With our existing cash on hand, this non-dilutive financing
further strengthens our balance sheet at an attractive cost of
capital and provides sufficient working capital for the foreseeable
future, allowing us to continue to pursue our aggressive growth
strategy and clinical trial objectives as we increase product sales
worldwide and move closer to operating cash flow breakeven," stated
Ms. Kathleen P. Bloch, CPA, MBA, chief financial officer of
CytoSorbents Corporation.  "We welcome this continuation and
expansion of our important relationship with Bridge Bank, a
reputable and premier industry provider with a broad scope of
financial services."

"We have been working with CytoSorbents for over a year now and
have been pleased with their performance and progress over that
time.  We believe they possess a truly innovative technology in the
life sciences space which could transform critical care medicine
and cardiac surgery and save lives throughout the world," said Mr.
Justin McDonie, senior vice president and managing director for
Bridge Bank.  "We are pleased to provide this additional capital to
support CytoSorbents' growth at this important juncture in their
evolution."

        About Bridge Bank and Western Alliance Bank

Bridge Bank is a division of Western Alliance Bank.  Bridge Bank
was founded in 2001 in Silicon Valley and targets small-market and
middle-market businesses from across many industries, as well as
emerging technology companies and the private equity community.
Based in San Jose, Bridge Bank has 13 offices in major markets
across the country along with Western Alliance Bank's robust
national platform of specialized financial services.

Western Alliance Bank -- http://www.bridgebank.com/-- is the
primary subsidiary of Phoenix-based Western Alliance
Bancorporation.  With $19 billion in assets, Western Alliance
Bancorporation (NYSE: WAL) is one of the fastest-growing bank
holding companies in the U.S. and recognized as #4 on Forbes 2017
"Best Banks in America" list.  Its primary subsidiary, Western
Alliance Bank, is the go-to bank for business and succeeds with
local teams of experienced bankers who deliver superior service and
a full spectrum of deposit, lending, treasury management,
international banking and online banking products and services.  

                      About Cytosorbents

Cytosorbents Corporation is engaged in critical care immunotherapy
commercializing its CytoSorb blood purification technology to
reduce deadly uncontrolled inflammation in hospitalized patients
around the world, with the goal of preventing or treating multiple
organ failure in life-threatening illnesses.  The Company, through
its subsidiary CytoSorbents Medical Inc. (formerly known as
CytoSorbents, Inc.), is engaged in the research, development and
commercialization of medical devices with its blood purification
technology platform which incorporates a proprietary adsorbent,
porous polymer technology.  The Company, through its European
Subsidiary, conducts sales and marketing related operations for
the CytoSorb device.  CytoSorb, the Company's flagship product, is
approved in the European Union and marketed in and distributed in
thirty-two countries around the world, as a safe and effective
extracorporeal cytokine absorber, designed to reduce the "cytokine
storm" that could otherwise cause massive inflammation, organ
failure and death in common critical illnesses such as sepsis,
burn injury, trauma, lung injury, and pancreatitis.  CytoSorb is
also being used during and after cardiac surgery to remove
inflammatory mediators, such as cytokines and free hemoglobin,
which can lead to post-operative complications, including multiple
organ failure.  In March 2011, the Company received CE Mark
approval for its CytoSorb device.

CytoSorbents recognized a net loss of $11.93 million on $9.52
million of total revenue for the year ended Dec. 31, 2016, compared
to a net loss of $8.13 million on $4.79 million of total revenue
for the year ended Dec. 31, 2015.  As of March 31, 2017,
Cytosorbents had $8.28 million in total assets, $9.85 million in
total liabilities and a $1.57 million total stockholders' deficit.

WithumSmith+Brown, PC, in New Brunswick, New Jersey, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, noting that the
Company has suffered recurring losses from operations and has a net
capital deficiency that raises substantial doubt about its ability
to continue as a going concern.


DELCATH SYSTEMS: Board Authorizes New Series B Preferred Stock
--------------------------------------------------------------
The board of directors of Delcath Systems, Inc. authorized the
establishment of a new series of preferred stock designated as
Series B Preferred Stock, $0.01 par value, the terms of which are
set forth in the certificate of designations for those series of
Preferred Stock which was filed with the State of Delaware on July
5, 2017.

The Series B Preferred Stock will be entitled to the whole number
of votes equal to $2.0 million divided by $0.1867 (the closing bid
price on July 5, 2017, the date of execution of the securities
purchase agreement of the Series B Preferred Stock), or 10,712,372
votes.

The Series B Preferred Stock has no dividend, liquidation or other
rights which are preferential to the Company's common stock and may
be converted into shares of its common stock at a price equal to
$0.1530 per share upon the earlier of the date of closing to the
extent that the holder thereof reallocates shares of the Company's
common stock reserved for issuance under its certain senior secured
convertible notes to conversion of the Series B Preferred Stock and
otherwise three business days after receipt of shareholder approval
of a reverse split of the Company's Common Stock for which the
Company intends to seek shareholder approval immediately upon
closing of the purchase contemplated hereby.

On July 5, 2017, the Company entered into a Securities Purchase
Agreement with certain institutional investors for the sale by the
Company of 2,360 shares of Series B Preferred Stock at a purchase
price of $1,000 per share, in a registered direct offering.  The
aggregate gross proceeds for the sale of the Series B Preferred
Stock is $2.0 million.  The Company intends to use the proceeds
from the transaction for general corporate purposes.  Pursuant to
leak out agreements between the Investors and the Company, through
July 31, 2017, the Investors may only sell on any trading day in
the aggregate shares of the Company's common stock owned by them
equal to 35% of the daily average composite trading volume of its
common stock as reported by Bloomberg, LP on such trading day.

The shares of Series B Preferred Stock were offered and will be
sold by the Company pursuant to an effective shelf registration
statement on Form S-3, which was filed with the Securities and
Exchange Commission on Oct. 7, 2015, and subsequently declared
effective on Oct. 20, 2015, and the base prospectus dated as of
Oct. 20, 2015.  The Company will file a prospectus supplement and
the accompanying prospectus with the SEC in connection with the
sale of the Series B Preferred Stock.

As of July 5, 2017, the remaining outstanding principal amount of
the Notes is $15.7 million.

                      About Delcath Systems

Delcath Systems, Inc., is an interventional oncology Company
focused on the treatment of primary and metastatic liver cancers.
The Company's investigational product -- Melphalan Hydrochloride
for Injection for use with the Delcath Hepatic Delivery System
(Melphalan/HDS) -- is designed to administer high-dose chemotherapy
to the liver while controlling systemic exposure and associated
side effects.  The Company has commenced a global Phase 3 FOCUS
clinical trial for Patients with Hepatic Dominant Ocular Melanoma
(OM) and a global Phase 2 clinical trial in Europe and the U.S. to
investigate the Melphalan/HDS system for the treatment of primary
liver cancer (HCC) and intrahepatic cholangiocarcinoma (ICC).
Melphalan/HDS has not been approved by the U.S. Food & Drug
Administration (FDA) for sale in the U.S.  In Europe, its system
has been commercially available since 2012 under the trade name
Delcath Hepatic CHEMOSAT Delivery System for Melphalan (CHEMOSAT),
where it has been used at major medical centers to treat a wide
range of cancers of the liver.

Delcath Systems reported a net loss of $17.97 million on $1.99
million of product revenue for the year ended Dec. 31, 2016,
compared to a net loss of $14.70 million on $1.74 million of
product revenue for the year ended Dec. 31, 2015.  As of March 31,
2017, Delcath had $31.03 million in total assets, $31.62 million in
total liabilities and a total stockholders' deficit of $586,000.

Grant Thornton LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has incurred recurring
losses from operations and as of Dec. 31, 2016, has an accumulated
deficit of $279.2 million.  These conditions, along with other
matters, raise substantial doubt about the Company's ability to
continue as a going concern.


DEXTERRA SURGICAL: Camber Converts Series A Preferreds
------------------------------------------------------
Camber Capital Master Fund, LP and two of its related entities
converted an aggregate of 46,361 shares of Series A convertible
preferred stock of Dextera Surgical, Inc. into 463,610 shares of
the Company's Common Stock.  These conversions were exempt from
registration pursuant to Section 3(a)(9) of the Securities Act of
1933, as amended.  Following these conversions, the Company had no
outstanding shares of Series A convertible preferred stock.

                  About Dextera Surgical

Dextera Surgical (Nasdaq:DXTR) designs and manufactures proprietary
stapling devices for minimally invasive surgical procedures.
Dextera Surgical also markets automated anastomosis devices for
coronary artery bypass graft (CABG) surgery on the market today:
the C-Port Distal Anastomosis Systems and PAS-Port Proximal
Anastomosis System.  These products are sold by Dextera Surgical
under the Cardica brand name.

Dextera reported a net loss of $15.98 million for the fiscal year
ended June 30, 2016, following a net loss of $19.18 million for the
year ended June 30, 2016.  As of March 31, 2017, Dextera had $5.79
million in total assets, $9.64 million in total liabilities and a
total stockholders' deficit of $3.85 million.

BDO USA, LLP, in San Jose, California, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2016, citing that the Company has suffered recurring
losses from operations that raise substantial doubt about its
ability to continue as a going concern.


DIAMOND BC: Moody's Assigns B3 CFR; Outlook Stable
--------------------------------------------------
Moody's Investors Service assigned first time ratings to Diamond
(BC) B.V., including a B3 corporate family rating and a B3-PD
probability of default rating. The rating outlook is stable. The
proceeds from the new facilities will be used to finance the
acquisition of Diversey by Bain Capital Investors, as well as pay
fees and expenses associated with the transaction.

The purchase price is supported by an undisclosed equity investment
by Bain Capital Investors. The equity investment is pure common
stock and not expected to have a dividend, PIK or accrete. The
transaction is expected to close in July.

Moody's took the following actions:

Assignments:

Issuer: Diamond (BC) B.V.

-- Probability of Default Rating, Assigned B3-PD

-- Corporate Family Rating, Assigned B3

-- Senior Secured Bank Credit Facility, Assigned B1 (LGD 3)

-- Senior Unsecured Notes, Assigned Caa2 (LGD 5)

Outlook Actions:

Issuer: Diamond (BC) B.V.

-- Outlook, Assigned Stable

The ratings are subject to the receipt and review of the final
documentation.

RATINGS RATIONALE

Diversey's B3 corporate family rating reflects high pro forma
leverage, the fragmented and competitive market and exposure to
cyclical end markets. Pro forma for the carve-out from Sealed Air
Corporation, Diversey's leverage is high for the rating category
and the company will need to achieve significant cost savings to
improve it materially. The industrial cleaning and hygiene
solutions industry is a fragmented and competitive market and the
majority of market share is held by many private, unrated regional
and niche competitors. The company also has exposure to cyclical
end markets with approximately 11% of sales generated in retail end
markets and 13% generated in hospitality. Diversey is also expected
to remain financially aggressive, focusing mainly on small tuck-in
acquisitions.

The rating is supported by the company's exposure to stable and
faster growing end markets, industry leading position and low
customer concentration. The rating is also supported Diversey's
long-standing customer relationships and global footprint.
Approximately 24% of sales are generated in food and beverage end
markets and 10% in healthcare. Additionally, Diversey generates
approximately one-third of its sales from emerging markets and
approximately 75% outside the US overall. The company also has
long-standing customer relationships with a low customer
concentration of sales (the top ten account for approximately 13%
of revenue and no single customer accounts for more than 3%).
Diversey is also expected to maintain adequate liquidity.

The ratings could be upgraded if the company sustainably improves
credit metrics within the context of a stable operating and
competitive environment while also maintaining adequate liquidity.
Diversey would also need to sustainably generate meaningful free
cash flow. Specifically, the ratings could be upgraded if
debt/EBITDA declines below 6.0 times, EBITDA to interest expense
increases above 3.0 times and funds from operations to debt
increases above 6.0%.

The ratings could be downgraded if credit metrics, the operating
and competitive environment, and/or liquidity deteriorates and the
company undertakes a large debt-financed acquisition. The ratings
could also be downgraded if the company fails to execute on its
operating plan. Specifically, the ratings could be downgraded if
debt/EBITDA remains above 6.0 times, EBITDA to interest expense
declines below 2.0 times and funds from operations to debt remains
below 6.0%.

The stable outlook reflects the expectation that Diversey will
benefit from productivity initiatives, cost cutting and the
dedication of free cash flow to debt reduction.

The principal methodology used in these ratings was Global Chemical
Industry Rating Methodology published in December 2013.

Headquartered in Charlotte, North Carolina, Diversey is a global
supplier of cleaning, hygiene, sanitizing products, equipment and
related services to the institutional and industrial cleaning and
sanitation markets. The business is organized into two segments,
Professional (76% of 2016 revenue) and Food & Beverage (24% of 2016
revenue). The company generated approximately $2.6 billion of sales
in 2016. Diversey will be a portfolio company of Bain Capital
Investors.


DIFFUSION PHARMACEUTICALS: Ruffolo Appointed as Director
--------------------------------------------------------
The Board of Directors of Diffusion Pharmaceuticals Inc. appointed
Robert R. Ruffolo, Jr., Ph.D., as a director of the Company
effective June 29, 2017.  The Board has not yet made a
determination regarding the committees on which Dr. Ruffolo may
serve.

Dr. Ruffolo is currently the president of Ruffolo Consulting, LLC.
He formerly served as president of research and development and as
corporate senior vice president for Wyeth Pharmaceuticals, which
was acquired by Pfizer in 2009.  Before joining Wyeth in 2000, Dr.
Ruffolo spent 17 years at SmithKline Beecham Pharmaceuticals (now
GlaxoSmithKline) where he was senior vice president and director of
Biological Sciences, Worldwide, and prior to that, he spent 6 years
at Lilly Research Laboratories where he was Chairman of the
Cardiovascular Research Committee.  Dr. Ruffolo received a B.S in
pharmacy and his Ph.D. in pharmacology from The Ohio State
University.

In connection with his appointment to the Board, Dr. Ruffolo was
granted, on June 29, 2017, an initial stock option to purchase
$100,000 shares of the Company's common stock (as determined based
upon the Black-Scholes value thereof), which shares will vest in
equal annual installments over 3 years.  In addition to the Option
Grant, Dr. Ruffolo will also receive an annual retainer and other
compensation payable to the Company's non-employee 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 $18.03 million for the year ended
Dec. 31, 2016, compared to a net loss of $6.71 million for the year
ended Dec. 31, 2015.  

As of March 31, 2017, Diffusion had $36.34 million in total assets,
$55.46 million in total liabilities, and a total stockholders'
deficit of $19.11 million.

KPMG LLP, in McLean, Virginia, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has suffered recurring
losses from operations, has limited resources available to fund
current research and development activities, and will require
substantial additional financing to continue to fund its research
and development activities.  The conditions raise substantial doubt
about its ability to continue as a going concern.


DUTCH RUN-MAYS: Law Firm Not Subjected to NJ General Jurisdiction
-----------------------------------------------------------------
Plaintiff Dutch Run-Mays Draft, LLC, a West Virginia limited
liability company, operating as a Chapter 11 Debtor-in-possession,
maintains the Law Division judge erroneously dismissed its
professional negligence complaint after concluding the court lacked
personal jurisdiction over defendant, Wolf Block, LLP, a
now-dissolved Pennsylvania law firm.  On appeal, plaintiff argues a
corporate entity's registration and acceptance of service of
process in the state constitutes consent to submit to the general
jurisdiction of the New Jersey courts.

Defendant counters, arguing the United States Supreme Court's
recent ruling in Daimler AG v. Bauman, 571 U.S. Defendant asserts
Daimler requires a court focus on an entity's affiliation with the
state, such as the place of incorporation or a continuous,
systematic course of business, making the entity "at home" in the
forum.

Following their review and in accord with considerations of due
process, the Superior Court of New Jersey concludes mere
registration to do business and acceptance of service of process in
this state, absent more, does not bestow their courts with general
jurisdiction.

On appeal, plaintiff initially relies upon long-arm jurisdiction
principles, pointing to defendant's New Jersey business
registration, New Jersey registered agent, two New Jersey offices,
the residency of partners on the committee undertaking dissolution,
in the State, and, finally that when plaintiff's complaint was
filed, defendant was engaged in three suits in state court, seeking
to recover unpaid bills.

In the court's view, this list of minimum contacts may be evidence
tending to support a claim of specific jurisdiction. However, the
negligence forming plaintiff's cause of action did not arise from
defendant's contacts with New Jersey. Plaintiff cannot show any
relationship between the underlying matter and the business or
attorneys in New Jersey.

Considering plaintiff's claims, the court rejects the factual
assertions suggesting (1) defendant maintained a strong presence in
New Jersey when this action was filed, and (2) plaintiff's proofs
show the transaction was centered in New Jersey. Following
consideration of the record, the court concludes, as did the Law
Division judge, specific jurisdiction is not supported.

Plaintiff next urges its proofs sufficiently demonstrated general
jurisdiction to require defendant to defend plaintiff's action in
New Jersey. In support, plaintiff again lists the contacts stating
these represent defendant's "continuous and systematic" business in
the state and additionally argues defendant maintained a current
business registration and registered agent, which amounted to
consent to general jurisdiction to sue and be sued. Thus, plaintiff
argues acceptance of service by a registered agent in a state where
defendant is registered to do business conclusively establishes
personal jurisdiction.

Defendant rejects this over encompassing basis and maintains
Daimler clarified the limits of general jurisdiction. Defendant
argues its continued business registration and maintenance of a
registered agent in the state is insufficient and does not equate
to consent to submit to the general jurisdiction of the state,
because at the time plaintiff's suit was filed defendant neither
conducted continuous nor systematic business in New Jersey and was
not at home in the state. The court agrees with the defendant.

Plaintiff also argues the trial judge's order deprived it of
sufficient opportunity to conduct jurisdictional discovery. The
court remains unconvinced that permitting further discovery would
have altered their conclusion. The court rejects the notion the
trial judge engaged in a clear abuse of discretion. The court,
thus, affirms the trial judge's decision.

The case is DUTCH RUN-MAYS DRAFT, LLC, Plaintiff-Appellant, v. WOLF
BLOCK, LLP, Defendant-Respondent, Docket No. A-0922-15T4
(S.C.N.J).

A full-text copy of the Superior Court's Opinion is available at
https://is.gd/ZARqwV from Leagle.com.

Jonathan O'Boyle -- joboyle@oboylelawfirm.com -- argued the cause
for appellant (The O'Boyle Law Firm, P.C. and Law Offices of David
Alan Klein, P.C., attorneys; David Alan Klein, on the brief).

Stephen M. Orlofsky -- Orlofsky@BlankRome.com -- argued the cause
for respondent (Blank Rome LLP, attorneys; Mr. Orlofsky, of
counsel; Adrienne C. Rogove, of counsel and on the brief; Ethan M.
Simon, on the brief).

                         About Dutch Run-Mays

Dutch Run-Mays Draft, LLC is a single asset real estate property
that owns approximately 5,000 acres of real property adjoining the
Greenbrier Hotel with its corporate office located in Deerfield
Beach, Florida.  Dutch Run-Mays filed a voluntary petition for
relief under Chapter 11 (Bankr. S.D. Flo. Case No. 11-37471) on
Sept. 30, 2011. It estimated its assets and debts at $1 million to
$10 million as of the Petition Date.  Chad P. Pugatch, Esq., at
Rice Pugatch Robinson & Schiller, P.A., represents the Debtor.
Judge John K. Olson presides over the case.


E.DIGITAL CORP: Files for Chapter 7 Liquidation
-----------------------------------------------
e.Digital and its wholly-owned subsidiary filed for Chapter 7
protection (Bankr. S.D. Cal. Lead Case No. 17-04073) on July 6,
2017.

The Company engages in the development and marketing of an
intellectual property portfolio.

The Company is represented by Jeffrey I. Golden of Lobel Weil and
Golden Friedman.

BankruptcyData.com reported that according to documents filed with
the SEC, "A Chapter 7 trustee will be appointed by the Bankruptcy
Court and will assume control. The assets of the Company will be
liquidated and claims paid in accordance with applicable laws."


EFTENI INC: Hires Bederson as Accountant
----------------------------------------
Efteni, Inc., d/b/a Yellow Rose Diner, seeks authority from the
U.S. Bankruptcy Court for the District of New Jersey to employ
Bederson, LLP, as accountant to the Debtor.

Efteni, Inc. requires Bederson, LLP to:

   a. input all transactions from the Debtor's manual checkbook
      register;

   b. prepare adjustments for depreciation and income tax;

   c. prepare federal and state income tax returns; and

   d. prepare the monthly operating reports for the bankruptcy
      proceeding.

Bederson, LLP will be paid at these hourly rates:

     Partners                    $390-$445
     Managers                    $300–$325
     Senior Accountants          $260
     Semi Sr. Accountants        $220
     Staff Accountants           $180
     Paraprofessionals           $165

Bederson, LLP will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Timothy J. King, member of Bederson, 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 Debtor and its estates.

Bederson, LLP can be reached at:

     Timothy J. King
     Bederson, LLP
     347 Mt. Pleasant Avenue
     West Orange, NJ 07052
     Tel: (973) 736-3333

                   About Efteni, Inc.

Efteni Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.N.J. Case No. 17-22625) on June 20, 2017. At the
time of the filing, the Debtor estimated assets and liabilities of
less than $100,000.

Judge Christine M. Gravelle presides over the case.

The Debtor previously filed a Chapter 11 petition. The petition
(Bankr. D.N.J. Case No. 16-16547) was filed on April 5, 2016.

The Debtor hired Broege, Neumann, Fischer & Shaver, LLC, and
Hoffman & Hoffman, as counsel.


EMMAUS LIFE: Wins FDA Approval of L-Glutamine Oral Powder Endari
----------------------------------------------------------------
Emmaus Life Sciences Inc. announced that the U.S. Food and Drug
Administration approved Endari (L-glutamine oral powder) to reduce
the severe complications of sickle cell disease (SCD) in adult and
pediatric patients age 5 and older.  Endari reduces oxidant damage
to red blood cells by improving the redox potential of nicotinamide
adenine dinucleotide (NAD), a coenzyme that has been identified as
the primary regulator of oxidation.

"The approval of Endari is a significant milestone for the sickle
cell patient community who has not had an advancement in treatment
for nearly 20 years and which now, for the first time ever, has a
treatment option for children," said Yutaka Niihara, MD, MPH,
chairman and chief executive officer of Emmaus Life Sciences.
"Endari reinforces our commitment to discovering innovative
therapies that help to improve the lives of people with rare
diseases.  We thank the FDA for its prompt review and look forward
to making treatment available to patients as early as this fourth
quarter."

SCD is a rare, debilitating and lifelong hereditary blood disorder
that affects approximately 100,000 patients in the U.S. and up to
25 million patients worldwide, the majority of which are of African
descent as well as Latinos and other minority groups. Approximately
one in every 365 African American children is born with SCD and
children between the ages of 2 and 7 are 400 times more likely to
suffer from stroke.

Caused by a genetic mutation in the beta-chain of hemoglobin that
distorts red blood cells into crescent shapes, SCD lowers oxygen
levels in the blood and has an extensive impact on morbidity,
mortality and quality of life.  Patients often suffer from
debilitating episodes of sickle cell crises, which occur when the
rigid, adhesive and inflexible red blood cells block the blood
vessels, resulting in excruciating pain.  Sickle cell crises can
lead to organ damage, stroke, pulmonary complications, and other
adverse outcomes, including acute chest syndrome (ACS), which may
be potentially fatal and is the leading cause of death among people
with SCD.

"A sickle cell crisis is the most common acute complication for
patients and the number one cause of emergency room visits," said
Wally Smith, MD, Florence Neal Cooper Smith Professor of Sickle
Cell Disease, Division of General Internal Medicine, Virginia
Commonwealth University.  "Endari has clinically shown to reduce
sickle cell crises and hospitalizations, representing a significant
medical advancement for patients with limited therapeutic options
that have many side effects."

FDA approval was supported by efficacy data from a 48-week
randomized, double-blind, placebo-controlled, multicenter Phase 3
clinical trial evaluating the effects of Endari, prescription grade
L-glutamine, as compared to placebo on 230 adults and children with
SCD.  The results demonstrated that Endari reduced the frequency of
sickle cell crises by 25 percent and hospitalizations by 33
percent.

Additional findings showed a decrease in cumulative hospital days
by 41 percent and lower incidence of ACS by more than 60 percent.

Safety was based on data from 298 patients treated with L-glutamine
and 111 patients treated with placebo in the Phase 2 and Phase 3
studies.  Endari's safety profile was similar to placebo and
well-tolerated in pediatric and adult patients.  The most common
adverse reactions occurring in greater than 10 percent  of patients
treated with Endari were constipation, nausea, headache, abdominal
pain, cough, pain in extremity, back pain, and chest pain
(non-cardiac).

                       About Emmaus Life

Headquartered in Torrance, California, Emmaus Life Sciences, Inc.,
is engaged in the discovery, development, and commercialization of
treatments and therapies primarily for rare and orphan diseases.

Emmaus reported a net loss of $21.17 million on $461,591 of net
revenues for the year ended Dec. 31, 2016, compared to a net loss
of $13.50 million on $590,114 of net revenues for the year ended
Dec. 31, 2015.  As of March 31, 2017, Emmaus Life had $15.38
million in total assets, $36.96 million in total liabilities and a
total stockholders' deficit of $21.58 million.

SingerLewak LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, 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.


ERIN ENERGY: Oltasho and Latmol Acquire 54.5% Equity Stake
----------------------------------------------------------
Erin Energy Corporation disclosed in a Form 8-K filed with the
Securities and Exchange Commission that it was advised by Oltasho
Nigeria Limited and Latmol Investment Limited that on:

     (a) April 3, 2017, an aggregate of 116,108,833 shares of the
Company's common stock previously held by Allied Energy PLC, were
foreclosed upon by Oltasho, in connection with the failure of
Allied to timely repay $50 million owed to Oltasho, pursuant to the
terms of a loan agreement and certain stock pledges; and

     (b) April 13, 2017, an aggregate of 1,515,927 shares of the
Company's common stock previously held by CAMAC Int'l (Nigeria)
Ltd., were foreclosed upon by Latmol, in connection with the
failure of CAMAC International to timely repay $50 million owed by
CAMAC International to Latmol, pursuant to the terms of a loan
agreement and a stock pledge.

Prior to April 2017, the shares of common stock previously held by
Allied and CAMAC International were beneficially owned by Dr. Kase
Lukman Lawal, the Company's former chairman and chief executive
officer, due to his ownership of those entities and voting and
dispositive control over the securities held by those entities.

The shares foreclosed upon represented approximately 54.6% of the
Company's outstanding voting shares (53.9% owned by Allied and 0.7%
owned by CAMAC International) as of the dates of foreclosure (i.e.,
April 3, 2017 and April 13, 2017, respectively) and as such, the
foreclosure of the shares by Oltasho and Latmol represented a
change in control of the Company.  The Company has been advised
that the shares held by Oltasho are beneficially owned by Alhaji
Murhi Busari, its chairman, and the shares held by Latmol are
beneficially owned by Alhaji Murhi Busari, its Chairman.

On July 5, 2017, Oltasho and Latmol entered into a Voting Agreement
with Dr. Kase Lukman Lawal resulting in another change in control
of the Company.  Pursuant to the Voting Agreement, Oltasho and
Latmol provided complete authority to Dr. Lawal to vote the
117,624,760 shares foreclosed upon (and any other securities of the
Company obtained by Oltasho and/or Latmol in the future) at any and
all meetings of stockholders of the Company and via any written
consents.  Those 117,624,760 shares represent 54.5% of the
Company's common stock as of the parties' entry into the Voting
Agreement.  The Voting Agreement has a term of approximately 10
years, through July 31, 2027, but can be terminated at any time
with the mutual consent of the parties.  

In connection with their entry into the Voting Agreement, Oltasho
and Latmol each provided Dr. Lawal an irrevocable voting proxy to
vote the shares covered by the Voting Agreement.  Additionally,
during the term of such agreement, Oltasho and Latmol agreed not to
transfer the shares covered by the Voting Agreement except pursuant
to certain limited exceptions.

According to the Voting Agreement, Oltasho and Latmol have no
desire to control the Company and believe that voting control of
the Company was best determined by Dr. Lawal, a United States
resident, who has extensive knowledge of United States laws and the
assets and operations of the Company, as Dr. Lawal was, until he
retired in 2015, the Chairman and Chief Executive Officer of the
Company.  Due to the Voting Agreement, Dr. Lawal will continue to
hold voting control over the Company even after the foreclosures.

                     About Erin Energy

Houston, Texas-based Erin Energy Corporation is an independent oil
and gas exploration and production company focused on energy
resources in Africa.  The Company's strategy is to acquire and
develop high-potential exploration and production assets in Africa,
and to explore and develop those assets through strategic
partnerships with national oil companies, indigenous local partners
and other independent oil companies.  Erin Energy Corporation seeks
to build and operate a strategic portfolio of high-impact
exploration and near-term development projects with significant
production, reserves and resources growth potential.  The Company
has production and exploration projects offshore Nigeria, as well
as exploration licenses offshore Ghana, Kenya and Gambia, and
onshore Kenya.

Erin Energy reported a net loss attributable to the Company of
$142.40 million on $77.81 million of revenues for the year ended
Dec. 31, 2016, compared to a net loss attributable to the Company
of $430.93 million on $68.42 million of revenues for the year ended
Dec. 31, 2015.  

As of March 31, 2017, Erin Energy had $287.40 million in total
assets, $538.23 million in total liabilities and a total capital
deficiency of $250.83 million.

Pannell Kerr Forster of Texas, P.C., in Houston, Texas, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, citing that the
Company incurred net losses in each of the years ended Dec. 31,
2016, 2015 and 2014, and as of Dec. 31, 2016, the Company's current
liabilities exceeded its current assets by $264.4 million. These
conditions, along with other matters, raise substantial doubt about
the Company's ability to continue as a going concern.


ESCONDIDO VENTURES: Hires Plunkett Griesenbeck as Special Counsel
-----------------------------------------------------------------
Escondido Ventures, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the Western District of Texas to employ
Plunkett Griesenbeck & Mimari, Inc., as special counsel to the
Debtors.

Escondido Ventures requires Plunkett Griesenbeck to represent the
Debtors regarding bankruptcy matters relating to budgets, any post
petition financing for the Debtors, any sale of the Debtors or any
of their assets, including the process connected with any such
sale, any chapter 11 Plan which may be filed by the Debtors, and
with respect to consulting with the Debtors' COO, Mr. Ahmed, as he
may desire regarding any of the foregoing matters and regarding
specific questions about matters involving the Debtors' operations
as may be requested by Mr. Ahmed.

Plunkett Griesenbeck will be paid at these hourly rates:

     Member                     $350-$400
     Associate                  $275
     Paraprofessionals          $150

Plunkett Griesenbeck will be paid a retainer in the amount of
$37,500.

The Debtors owed Plunkett Griesenbeck the amount of $19,500.

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

Ronald Hornberger, member of Plunkett Griesenbeck & Mimari, Inc.,
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.

Plunkett Griesenbeck can be reached at:

     Ronald Hornberger, Esq.
     PLUNKETT GRIESENBECK & MIMARI, INC.
     1635 Northeast Loop 410, Suite 900
     San Antonio, TX 78209
     Tel: (210) 734-7092

                   About Escondido Ventures, LLC

Escondido Ventures, LLC, holds 100% membership interest in
Escondido Ventures, LLC, Killeen Diesel Service, LLC, Rockey's
Moving & Storage, LLC and Rockey's Van Lines.

Headquartered in Killeen, Texas, Rockey's Moving & Storage --
http://www.rockeysmoving.com/-- moves household goods for
families, military personnel, commercial offices and medical
facilities. Its turnkey services include, but are not limited to
packing, crating, storing and relocating to new home or office.
Rockey's Moving owns and operates its own fleet of over 100 move
vans for local moves, 25 tractors and 40 trailers for interstate
relocation.

Rockey's Van Lines is a licensed and bonded freight shipping and
trucking company running freight hauling business from Killeen,
Texas.

On May 31, 2017, Escondido Ventures and affiliates Centex Moving,
Killeen Diesel, Rockey's Moving, and Rockey's Van Lines sought
Chapter 11 protection (Bankr. W.D. Tex. Lead Case No. 17-51358).
The petitions were signed by Barcley Houston, authorized
representative for each of the Debtors.  On June 7, 2017, the Court
entered an order jointly administering the five bankruptcy
proceedings.

Centex Moving, Rockey's Moving and Escondido Ventures estimated
assets and liabilities between $1 million and $10 million.  Killeen
Diesel and Rockey's Van estimated assets between $100,000 and
$500,000 and liabilities between $1 million and $10 million.

Judge Ronald B. King presides over the cases.

William B. Kingman, Esq., at Law Offices of William B. Kingman, PC,
serves as the Debtors' bankruptcy counsel, and Plunkett Griesenbeck
& Mimari, Inc., as special counsel.

No trustee, examiner, or committee of unsecured creditors has been
appointed in these bankruptcy cases. No request has been made for
the appointment of a trustee or examiner.


ESCONDIDO VENTURES: Hires William B. Kingman as Counsel
-------------------------------------------------------
Escondido Ventures, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the Western District of Texas to employ the
Law Offices of William B. Kingman, P.C., as counsel to the
Debtors.

Escondido Ventures requires William B. Kingman to:

   a. counsel the Debtors and their representatives in matters
      relating to the administration of the Bankruptcy Estates;

   b. represent the Debtors in negotiations with various
      creditors and equity holders;

   c. make court appearances and appearances before the U.S.
      Trustee on behalf of Debtors;

   d. assist in the preparation of the Debtors' plan of
      reorganization and disclosure statement;

   e. prepare schedules and pleadings, analyzing, negotiating
      and litigating claims which may be brought in the forms of
      objections or as adversary proceedings; and

   f. represent the Debtors and their bankruptcy estates in all
      other relevant matters relating to the administration of
      the bankruptcy case.

William B. Kingman will be paid at these hourly rates:

      Attorney                   $350
      Paralegal                  $110

William B. Kingman will be paid a retainer in the amount of
$50,000.  The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

William B. Kingman, shareholder and president of the Law Offices of
William B. Kingman, 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.

William B. Kingman can be reached at:

     William B. Kingman, Esq.
     LAW OFFICES OF WILLIAM B. KINGMAN, P.C.
     3511 Broadway
     San Antonio, TX 78209
     Tel: (210) 829-1199
     Fax: (210) 821-1114

                   About Escondido Ventures, LLC

Escondido Ventures, LLC, holds 100% membership interest in
Escondido Ventures, LLC, Killeen Diesel Service, LLC, Rockey's
Moving & Storage, LLC and Rockey's Van Lines.

Headquartered in Killeen, Texas, Rockey's Moving & Storage --
http://www.rockeysmoving.com/-- moves household goods for
families, military personnel, commercial offices and medical
facilities. Its turnkey services include, but are not limited to
packing, crating, storing and relocating to new home or office.
Rockey's Moving owns and operates its own fleet of over 100 move
vans for local moves, 25 tractors and 40 trailers for interstate
relocation.

Rockey's Van Lines is a licensed and bonded freight shipping and
trucking company running freight hauling business from Killeen,
Texas.

On May 31, 2017, Escondido Ventures and affiliates Centex Moving,
Killeen Diesel, Rockey's Moving, and Rockey's Van Lines sought
Chapter 11 protection (Bankr. W.D. Tex. Lead Case No. 17-51358).
The petitions were signed by Barcley Houston, authorized
representative for each of the Debtors.  On June 7, 2017, the Court
entered an order jointly administering the five bankruptcy
proceedings.

Centex Moving, Rockey's Moving and Escondido Ventures estimated
assets and liabilities between $1 million and $10 million.  Killeen
Diesel and Rockey's Van estimated assets between $100,000 and
$500,000 and liabilities between $1 million and $10 million.

Judge Ronald B. King presides over the cases.

William B. Kingman, Esq., at Law Offices of William B. Kingman, PC,
serves as the Debtors' bankruptcy counsel, and Plunkett Griesenbeck
& Mimari, Inc., as special counsel.

No trustee, examiner, or committee of unsecured creditors has been
appointed in these bankruptcy cases. No request has been made for
the appointment of a trustee or examiner.


F.I.G. DAUFUSKIE: Hires Colliers as Real Estate Advisor
-------------------------------------------------------
F.I.G. Daufuskie 1, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the District of South Carolina to employ
Colliers International Charleston, LLC, as real estate advisor and
broker to the Debtors.

F.I.G. Daufuskie requires Colliers to assist the Debtor in its
proposed sale of substantially all of its assets to Odeon Singapore
Limited, the stalking horse bidder, including to:

   a. review pertinent documents and consult with the Debtors'
      counsel as appropriate;

   b. coordinate with the Debtors in the development of due
      diligence materials;

   c. develop a marketing plan and implement each facet of the
      marketing plan;

   d. communicate regularly with prospects and maintain records
      of such communications;

   e. solicit offers from prospective asset purchaser;

   f. assist the Debtors and their representatives in evaluating,
      structuring, negotiating and implementing the terms and
      conditions of a proposed sale to a higher or otherwise
      better bidder that the stalking horse bid;

   g. assist the Debtors and their representatives with arranging
      and communicating auction procedures and the qualification
      of potential bidders;

   h. communicate regularly with the Debtors and their
      representatives in connection with the status of Collier's
      efforts; and

   i. work with the Debtors and their representatives in the
      implementation of a sales transaction and assist with
      negotiations in resolving any problems that may arise.

Colliers will be paid as follows:

     a. Success Fee of 5% of the gross cash sale proceeds for a
        successful overbid above the stalking horse offer of
        Odeon.

     b. Engagement Fee of $50,000, if (i) there are no qualifying
        bidders and the Odeon the stalking horse bid is the only
        bid or the highest and best bid available for the
        property, (ii) the Debtors complete an Alternative
        Transaction as that term is defined in the APA, or (iii)
        the Debtors consummate a refinance of the property even
        if such refinance results in a transfer of title to a new
        entity.

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

Hagood Morrison, senior vice president of Colliers International
Charleston, LLC, 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.

Colliers can be reached at:

     Hagood Morrison
     COLLIERS INTERNATIONAL CHARLESTON, LLC
     25 Calhoun St.
     Charleston, SC 29401
     Tel: (843) 723-1202

                   About F.I.G. Daufuskie 1, LLC

F.I.G. Daufuskie 1, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. S.C. Case No. 17-01143) on March 7,
2017. The petition was signed by James T. Bramlette, managing
member.

At the time of the filing, the Debtor disclosed $27,000 in assets
and $34.81 million in liabilities.

The Debtor is represented by Nexsen Pruet, LLC.

No official committee of unsecured creditors has been appointed in
the case.


FINTUBE LLC: U.S. Trustee Forms 3-Member Committee
--------------------------------------------------
The U.S. Trustee for Region 20 on July 10 appointed three creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 case of Fintube, LLC.

The committee members are:

     (1) Bluewater LLC
         d/b/a Springpoint Managed Service
         4755 E. 91st St., Ste. 100
         Tulsa, OK 74137

         Representative:
         Travis Short
         Phone: (918) 584-3300
         Fax: (918) 584-6100
         Email: tshort@myspringpoint.com

         Counsel:
         Newton O'Connor Turner & Ketchum
         2700 Bank of America Center
         15 W. Sixth St.
         Tulsa, OK 74119
         Phone: (918) 587-0101

     (2) Custom Steel Processing
         1001 College St.
         P.O. Box 39
         Madison, IL 62060

         Representative:
         Patrick Notestrine Jr.
         Phone: (314) 452-6507
         Email: pnotestrine@customsteelpro.com

         Counsel:
         Thompson Coburn
         Attn: Mark V. Bossi
         1 USBank Plaza
         St. Louis, MO 63101
         Phone: (314) 552-6501
         Email: mbossi@thompsoncoburn.com

     (3) Lee Supply Co.
         821 E. Independence St.
         Tulsa, OK 74106

         Representative:
         Dennis Lee
         Phone: (918) 587-8181
         Fax: (918) 877-0142
         Email: dennis.lee@lee-supply.com

         Counsel:
         Hall Estill
         Attn: Andy Wolov
         320 S. Boston, Ste. 320
         Tulsa, OK 74103
         Phone: (918) 594-0416
         Email: awolov@hallestill.com

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

                       About Fintube LLC

Fintube, LLC, is a Delaware limited liability company engaged in
the business of engineering and manufacturing welded, extended
surface tubing and designing and fabricating heat recovery systems
for a worldwide market.  The Company has been in business for over
50 years. Its primary facilities are located in Tulsa, Oklahoma.

The Debtor filed a Chapter 11 petition (Bankr. N.D. Okla. Case No.
17-11274) on June 27, 2017.  The Debtor hired Doerner, Saunders,
Daniel & Anderson, L.L.P. as legal counsel; ClearRidge LLC as
financial advisor; and Bruce Jones, managing director of
ClearRidge, as chief restructuring officer.

No trustee or examiner has been appointed.


FIRSTENERGY SOLUTIONS: Provides Update on Energy Services Segment
-----------------------------------------------------------------
FirstEnergy Corp. issued a letter to the investment community
regarding updates on FE's Competitive Energy Services Segment,
which includes FirstEnergy Solutions Corp. (FES) and Allegheny
Energy Supply Company, LLC (AES), relating to PJM Interconnection
capacity auction results and the pending sale of certain AES and
Allegheny Generating Company assets.  The Letter is available for
free at https://is.gd/RR31tR

                       About FirstEnergy

FirstEnergy and its subsidiaries are principally involved in the
generation, transmission and distribution of electricity.
FirstEnergy's ten utility operating companies comprise one of the
nation's largest investor-owned electric systems, based on serving
six million customers in the Midwest and Mid-Atlantic regions.  Its
regulated and unregulated generation subsidiaries control nearly
17,000 MWs of capacity from a diverse mix of non-emitting nuclear,
scrubbed coal, natural gas, hydroelectric and other renewables.
FirstEnergy's transmission operations include approximately 24,000
miles of lines and two regional transmission operation centers.

FirstEnergy reported a net loss of $6.17 billion for the year ended
Dec. 31, 2016, compared to net income of $578 million for the year
ended Dec. 31, 2015.

PricewaterhouseCoopers LLP, in Cleveland, Ohio, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that FirstEnergy Solutions
Corp.'s current financial position and the challenging market
conditions impacting liquidity raise substantial doubt about its
ability to continue as a going concern.

                          *     *    *

In January 2017, Fitch Ratings assigned a 'CC' Long-Term Issuer
Default Ratings to FirstEnergy Solutions (FES) and its operating
subsidiaries, FirstEnergy Generation (FG) and FirstEnergy Nuclear
Generation (NG).

As reported by the TCR on May 15, 2017, S&P Global Ratings lowered
its issuer credit rating on FirstEnergy Solutions Corp. to 'CCC'
from 'CCC+'.  

FirstEnergy Solutions Corp carries a 'Caa1' corporate family
rating
from Moody's.


FORESIGHT ENERGY: Rashda Buttar Quits as SVP and General Counsel
----------------------------------------------------------------
Ms. Rashda M. Buttar, senior vice-president, general counsel and
corporate secretary of Foresight Energy LP, notified the Company of
her intent to retire effective July 23, 2017.  Ms. Buttar will
continue to serve as senior vice-president, general counsel &
corporate secretary until her retirement date.

Ms. Buttar's resignation was not as a result of any disagreement
with the Partnership regarding any matter related to its
operations, policies or practices, according to a Form 8-K report
filed with the Securities and Exchange Commission.

                      About Foresight Energy

Foresight Energy L.P. 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 long-wall operations.  Thermal coal is used by power
plants and industrial steam boilers to produce electricity or
process steam.

Foresight reported a net loss of $178.6 million in 2016 following a
net loss of $38.68 million in 2015.  As of March 31, 2017,
Foresight had $2.86 billion in total assets, $1.86 billion in total
liabilities and $1 billion in total partners' capital.

                          *     *     *

In March 2017, the TCR reported that S&P Global Ratings said it
affirmed its 'B-' corporate credit rating on Foresight Energy L.P.
The rating outlook is revised to stable from negative.

As reported by the TCR on March 6, 2017, Moody's Investors Service
upgraded Foresight Energy L.P.'s Corporate Family Rating (CFR) to
'B3' from 'Caa1', and its probability of default rating (PD) to
'B3-PD' from 'Caa1-PD'.  "The upgrade reflects the improved
industry conditions and the company's solid contracted position,
which drives Moody's expectations that Debt/ EBITDA, as adjusted,
will decline from 5.9x at September 30, 2016 to roughly 4.5x by the
end of 2017", says Anna Zubets-Anderson, the lead analyst for
Foresight.

The TCR reported by the TCR on March 3, 2017, that Fitch Ratings
has assigned a first-time Long-Term Issuer Default Rating (IDR) of
'B-' to Foresight Energy LP and Foresight Energy LLC.


FRANCHISE SERVICES: Hires Butler Snow as Bankruptcy Counsel
-----------------------------------------------------------
Franchise Services of North America Inc., seeks authority from the
U.S. Bankruptcy Court for the Southern District of Mississippi to
employ Butler Snow LLP, as bankruptcy counsel to the Debtor.

Franchise Services requires Butler Snow to:

   a. assist in the preparation and filing of the Schedules of
      Assets and Liabilities and the Statement of Financial
      Affairs for the Debtor;

   b. advise the Debtor with respect to its responsibilities,
      obligations, powers and duties as debtor-in-possession in
      the continued management and operation of its businesses;

   c. attend meetings and negotiate with representatives of
      creditors and other parties in interest and advise and
      consult on the conduct of the bankruptcy case, including
      all of the legal and administrative requirements of
      operating in a Chapter 11 case;

   d. take all necessary action to protect and preserve the
      Debtor's estate, including the prosecution of actions on
      its behalf, the defense of any actions commenced against
      any of them to the extent that such services are necessary
      to protect the interests of the bankruptcy estate or are
      necessary for the administration of the bankruptcy case or
      are beneficial toward the completion of the bankruptcy
      case;

   e. handle negotiations concerning contracts to which the
      Debtor is a party, or negotiations concerning any
      litigation in which the Debtor is involved, evaluations of
      claims and liens of various creditors, and, where
      appropriate, to object to such claims or liens against the
      bankruptcy estate or property of the bankruptcy estate;

   f. prepare on behalf of the Debtor all motions, applications,
      answers, orders, contracts, reports, accounts, documents
      and papers necessary to the administration of the
      bankruptcy estate and the protection of the interests of
      the bankruptcy estate;

   g. advise and consult with the Debtor and its other
      professionals in connection with the restructuring of its
      obligations, including the possible sale of some or all
      of its assets, as well as in connection with the
      formulation and preparation of any disclosure statement and
      Chapter 11 plan, and to represent the Debtor in any matter
      arising out of, related to or in connection with such
      Chapter 11 plans, disclosure statements, and all related
      agreements or documents, as well as any matters that are
      necessary for the confirmation, implementation or
      consummation of such plans; and

   h. perform all other necessary legal services and provide all
      other necessary legal advice to the Debtor in connection
      with all aspects of this Chapter 11 case.

Butler Snow will be paid at these hourly rates:

     Partner                       $404-$505
     Associate                     $195-$200
     Paralegal                     $170-$190

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

Stephen W. Rosenblatt, partner of Butler Snow 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 Debtor and its estates.

Butler Snow can be reached at:

     Stephen W. Rosenblatt, Esq.
     BUTLER SNOW LLP
     1020 Highland Colony Parkway, Suite 1400
     Ridgeland, MS 39157
     Tel: (601) 985-4415

            About Franchise Services of North America Inc.

Franchise Services of North America Inc. -- http://www.fsna-inc.com
-- is a publicly traded company listed on the TSX Venture Exchange.
The Company and its subsidiaries own these brands: U-Save Car &
Truck Rental, U-Save Car Sales, Auto Rental Resource Center, Xpress
Rent A Car, Sonoran National Insurance Group and Peakstone
Financial Services.

U-Save, together with its subsidiary ARRC, has over 650 locations
throughout the United States and is one of North America's largest
franchise car rental companies. U-Save currently services 21
airport markets in 9 different states and 12 countries. Although
primarily based in the United States, U-Save has 16 international
locations in Mexico, Greece, Central America and the Caribbean.

With more than 150 years of combined insurance experience, Sonoran
National Insurance Group is licensed in all 50 states and serves
customers in every part of the country. Sonoran provides an entire
range of business and personal insurance solutions customized to
the needs of its clients.

Franchise Services of North America Inc., based in Ridgeland,
Miss., filed a Chapter 11 petition (Bankr. S.D. Miss. Case No.
17-02316) on June 26, 2017.  The Hon. Edward Ellington presides
over the case.  Stephen W. Rosenblatt, Esq., at Butler Snow LLP,
serves as bankruptcy counsel.  Equity Partners HG LLC, serves as
restructuring advisor to the Debtor.

In its petition, the Debtor estimated $10 million to $50 million in
assets and $1 million to $10 million in liabilities. The petition
was signed by Thomas P. McDonnell, III, chief executive officer.


FRANCHISE SERVICES: Taps Equity Partners as Restructuring Advisor
-----------------------------------------------------------------
Franchise Services of North America Inc., seeks authority from the
U.S. Bankruptcy Court for the Southern District of Mississippi to
employ Equity Partners HG LLC, as restructuring advisor to the
Debtor.

Franchise Services requires Equity Partners to:

   (a) review and inspect the Debtor's stock in U-Save Holdings,
       Inc.;

   (b) prepare a program which may include marketing the Assets
       through newspapers, magazines, journals, letters, fliers,
       signs, telephone solicitation, the Internet or such
       other methods as Equity Partners may deem appropriate;

   (c) prepare advertising letters, fliers or similar sales
       materials, which would include information regarding the
       Assets;

   (d) endeavor to locate parties who may have an interest in
       acquiring the Assets;

   (e) circulate materials to interested parties regarding the
       Assets, after completing confidentiality documents;

   (f) respond, provide information to, communicate and negotiate
       with and obtain offers from interested parties and make
       recommendations to the Debtor as to whether or not a
       particular offer for the Assets should be accepted;

   (g) communicate regularly with the Debtor in connection with
       the status of Equity Partners' efforts with respect to the
       disposition of the Assets. This shall include a weekly
       written report to all Parties-in-Interest;

   (h) recommend to the Debtor the proper method of handling any
       specific problems encountered with respect to the
       marketing or disposition of the Assets; and

   (j) perform related services necessary to maximize the
       proceeds to be realized for the Assets.

Equity Partners will be paid $100,000 plus 8% of any amount in
excess of $1,000,000 -- the purchase price outlined in the term
sheet dated June 26, 2017, from Trace Residential Properties LLC,
or its designee, or a  subsequent term sheet determined to be the
Stalking Horse Bid.

Equity Partners will also be reimbursed for reasonable
out-of-pocket expenses incurred, with a fee cap of $20,000.

Kenneth W. Mann, senior managing director of Equity Partners HG
LLC, 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 Debtor and its
estates.

Equity Partners can be reached at:

     Kenneth W. Mann
     EQUITY PARTNERS HG LLC
     16 N. Washington Street, Suite 102
     Easton, MD 21601
     Tel: (866) 969-1115

            About Franchise Services of North America Inc.

Franchise Services of North America Inc. -- http://www.fsna-inc.com
-- is a publicly traded company listed on the TSX Venture Exchange.
The Company and its subsidiaries own these brands: U-Save Car &
Truck Rental, U-Save Car Sales, Auto Rental Resource Center, Xpress
Rent A Car, Sonoran National Insurance Group and Peakstone
Financial Services.

U-Save, together with its subsidiary ARRC, has over 650 locations
throughout the United States and is one of North America's largest
franchise car rental companies. U-Save currently services 21
airport markets in 9 different states and 12 countries. Although
primarily based in the United States, U-Save has 16 international
locations in Mexico, Greece, Central America and the Caribbean.

With more than 150 years of combined insurance experience, Sonoran
National Insurance Group is licensed in all 50 states and serves
customers in every part of the country. Sonoran provides an entire
range of business and personal insurance solutions customized to
the needs of its clients.

Franchise Services of North America Inc., based in Ridgeland,
Miss., filed a Chapter 11 petition (Bankr. S.D. Miss. Case No.
17-02316) on June 26, 2017.  The Hon. Edward Ellington presides
over the case.  Stephen W. Rosenblatt, Esq., at Butler Snow LLP,
serves as bankruptcy counsel.  Equity Partners HG LLC, serves as
restructuring advisor to the Debtor.

In its petition, the Debtor estimated $10 million to $50 million in
assets and $1 million to $10 million in liabilities. The petition
was signed by Thomas P. McDonnell, III, chief executive officer.


FTE NETWORKS: Pro Forma Financials over Benchmark Deal Filed
------------------------------------------------------------
FTE Networks, Inc. filed with the Securities and Exchange
Commission an amendment to the Current Report on Form 8-K filed on
April 25, 2017, solely for the purpose of providing financial
statements and pro forma financial information required by
Regulation S-X with respect to FTE's acquisition of all the issued
and outstanding shares of common stock of Benchmark Builders, Inc.,
from each of its stockholders, pursuant to the Stock Purchase
Agreement, dated as of March 9, 2017, by and among FTE Networks,
Benchmark, and the Sellers, as amended by Amendment No. 1 to Stock
Purchase Agreement, dated as of April 20, 2017.

As reported by the Troubled Company Reporter, FTE closed a
transaction to join forces with privately held Benchmark Builders,
Inc., a provider of construction management services based in New
York with unaudited revenues of approximately $386 million in 2016.
The deal is valued at $75 million.

According to the Amendment to the Form 8-K Report, Benchmark
reported net income of $16.24 million on $386.92 million of revenue
for the year ended Dec. 31, 2016, compared to net income of $15.50
million on $273.24 million of revenue for the year ended Dec. 31,
2015.  As of Dec. 31, 2016, Benchmark had $69.41 million in total
assets, $61.45 million in total liabilities, all current, and $7.95
million in total stockholders' equity.

Pursuant to the unaudited pro forma condensed combined statement of
operations for the year ended Dec. 31, 2016, the companies reported
a net loss of $16.61 million on $399.19 million of revenues for the
year ended Dec. 31, 2016.  Pro Forma FTE Networks, Inc. Combined
balance sheet as of Dec. 31, 2016, showed $157.20 million in total
assets, $142.84 million in total liabilities and $13.92 million in
total stockholders' equity.

Full-text copies of the historical financial statements of
Benchmark for the years ended Dec. 31, 2016 and 2015, and unaudited
pro forma condensed combined financial statements for the year
ended Dec. 31, 2016, are available for free at:

                   https://is.gd/LllEhQ
                   https://is.gd/9sZWwl

                    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 of $6.23 million for the year
ended Dec. 31, 2016.  The Company also reported a net loss of $3.55
million for the year ended Sept. 30, 2015.  It reported a net
income of $436,000 on $16.9 million of revenues for the year ended
Sept. 30, 2014.  As of Dec. 31, 2016, FTE Networks had $14.73
million in total assets, $24.59 million in total liabilities,
$437,380 in total temporary equity and a $10.30 million total
stockholders' deficiency.

Beacon Enterprise closed its merger with Focus Venture Partners,
Inc., on June 19, 2013, with Focus continuing as the surviving
corporation.  Beacon Enterprise officially changed its corporate
name to FTE Networks in April 2014.


FUNCTION(X) INC: Birame Sock Resigns as President
-------------------------------------------------
Birame Sock resigned her position as the president of Function(x)
Inc., effective July 3, 2017, as disclosed in the Company's Form
8-K report filed with the Securities and Exchange Commission.

Ms. Sock was appointed as non-executive Board Member of the Company
on Feb. 12, 2013, and resigned as a director on Aug. 1, 2016.  Ms.
Sock was appointed president and chief operating officer of the
Company pursuant to an employment agreement entered into on Aug. 1,
2016.

Prior to joining the Company, Ms. Sock founded Flyscan, a real-time
interactive mobile marketing platform.  She was the founder and CEO
of Third Solutions, Inc., a leading digital receipts company, which
she founded in 2007.  In 2002, Ms. Sock founded Musicphone, a
wireless entertainment company, which she led until its acquisition
by Gracenote, Inc. in 2007.  Ms. Sock was a member of the Company's
Board of Directors since 2013, and served on the Audit Committee,
Compensation Committee, and Nominating and Corporate Governance
Committee.  She served as a member of the Board of Directors of CKX
Inc. from 2005 until 2006, when she became a consultant for CKX
Inc. and affiliated companies.

                    About Function(x)Inc.

Based in New York, FunctionX Inc (NASDAQ:FNCX) is a diversified
media and entertainment company.  The Company conducts three lines
of businesses, which are digital publishing through Wetpaint.com,
Inc. (Wetpaint) and Rant, Inc. (Rant); fantasy sports gaming
through DraftDay Gaming Group, Inc. (DDGG), and digital content
distribution through Choose Digital, Inc. (Choose Digital).  The
Company's segments include Wetpaint, which is a media channel
reporting original news stories and publishing information content
covering television shows, music, celebrities, entertainment news
and fashion; Choose Digital, which is a business-to-business
platform for delivering digital content; DDGG, which is a
business-to-business operator of daily fantasy sports, and Other.
The Company's digital publishing business also includes Rant, which
is a digital publisher that publishes original content in over 13
verticals, such as in sports, entertainment, pets, cars and food.

Function(x) incurred a net loss of $63.68 million for the year
ended June 30, 2016, compared to a net loss of $78.53 million for
the year ended June 30, 2015.  

As of Dec. 31, 2016, Function(x) had $31.80 million in total
assets, $27.94 million in total liabilities and $3.85 million in
total stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
June 30, 2016, citing that the Company has suffered recurring
losses from operations and at June 30, 2016, has a deficiency in
working capital that raise substantial doubt about its ability to
continue as a going concern.


FUNCTION(X) INC: Faces SEC Investigation Over BDO's Departure
-------------------------------------------------------------
Following the resignation of BDO USA, LLP as Function(x) Inc.'s
independent registered public accountants, the Company has been
contacted by attorneys from the Securities and Exchange Commission
who indicated that the SEC intended to investigate issues related
to this matter.

Function(x) disclosed in a regulatory filing with the SEC that it
received a letter from BDO on June 21, 2017, stating that the firm
is resigning as the auditors and accountants for the Company.  The
resignation follows the accounting firm's discovery of alleged
illegal acts committed by the Company and its chief executive
officer relating to the Series G Offering, including false and
misleading statements.  The CEO denied that any willful illegal
acts had occurred.

                       About Function(x)

Based in New York, FunctionX Inc (NASDAQ:FNCX) is a diversified
media and entertainment company.  The Company conducts three lines
of businesses, which are digital publishing through Wetpaint.com,
Inc. (Wetpaint) and Rant, Inc. (Rant); fantasy sports gaming
through DraftDay Gaming Group, Inc. (DDGG), and digital content
distribution through Choose Digital, Inc. (Choose Digital).  The
Company's segments include Wetpaint, which is a media channel
reporting original news stories and publishing information content
covering television shows, music, celebrities, entertainment news
and fashion; Choose Digital, which is a business-to-business
platform for delivering digital content; DDGG, which is a
business-to-business operator of daily fantasy sports, and Other.
The Company's digital publishing business also includes Rant, which
is a digital publisher that publishes original content in over 13
verticals, such as in sports, entertainment, pets, cars and food.

Function(x) incurred a net loss of $63.68 million for the year
ended June 30, 2016, compared to a net loss of $78.53 million for
the year ended June 30, 2015.  

As of Dec. 31, 2016, Function(x) had $31.80 million in total
assets, $27.94 million in total liabilities and $3.85 million in
total stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
June 30, 2016, citing that the Company has suffered recurring
losses from operations and at June 30, 2016, has a deficiency in
working capital that raise substantial doubt about its ability to
continue as a going concern.


FUNCTION(X) INC: Obtains $4.4-M Financing from Iliad Research
-------------------------------------------------------------
Function(x) Inc. entered into a Securities Purchase Agreement with
Iliad Research and Trading, L.P., a Utah limited partnership,
whereby the Investor purchased a Secured Convertible Promissory
Note of the Company, in the aggregate principal amount of
$4,410,000.
  
The Note has an interest rate of 8% per annum and is convertible
into shares of common stock of the Company.  The aggregate
principal amount of the Note, together with any interest, fees,
charges and late fees, matures on July 3, 2018.  The Note carries
an original issue discount of $400,000.  In addition to the OID,
the Company has agreed to pay $10,000 to the Investor to cover the
Investor's legal fees, accounting costs, due diligence, monitoring
and other transaction costs incurred in connection with the
purchase and sale of the Note, which amount, together with the OID,
is included in the initial principal balance of the Note.

The Note is convertible into shares of the Company's common stock
at a conversion factor of 85% (subject to adjustments as set forth
in the Note) at a price calculated as the lower of:

     (a) the Conversion Factor multiplied by the average Closing
Bid Price of 15 trading Days immediately preceding the applicable
conversion; and

     (b) the Conversion Factor multiplied by the Closing Bid Price
on the applicable redemption date.  

The "Closing Bid Price" is defined as the last closing bid price
for the Company's common stock on its principal market, as reported
by Bloomberg, or as otherwise set forth in the Note.

The terms of the Purchase Agreement restrict the Company's ability
to issue additional convertible securities except for issuances
approved by the Investor.  In addition, the Note contains a "most
favored nations" provision that provides the Investor with the
option to adopt any term included in a future offering by the
Company that the Investor deems more favorable than any similar
term under the Purchase Agreement or the Note.

The Note contains an optional prepayment provision whereby the Note
can be pre-paid on behalf of the Company at any time prior to
maturity for an amount in cash equal to 110% of the outstanding
balance of the Note.  Additionally, the Note provides the Investor
with an optional redemption right at any time after Jan. 3, 2018.
In the event the Investor exercises its optional redemption right,
the Company may elect to repay the Note in cash (subject to a 10%
premium) or in shares of the Company's common stock.

Under the terms of the Note, if an Event of Default occurs, all
amounts due under the Note, including accrued but unpaid interest
and any other amounts due, including liquidated damages, become
immediately due and payable.

The Company's chairman and chief executive officer, Robert F.X.
Sillerman, personally guaranteed payment of the Note.  Mr.
Sillerman has since May 2011 deferred substantially all of the
compensation he was entitled to under his employment agreement with
the Company.

The Company used part of the net proceeds from issuance of the Note
to pay $1,452,355 on account of Mr. Sillerman's deferred
compensation.  Prior to the aforesaid payment to Mr. Sillerman, he
last received salary payments from the Company in April 2014.  The
Company also used the net proceeds to wire $934,253 to an escrow
account established in connection with ongoing negotiations with
holders of the Company's Series G Convertible Preferred Stock.  The
remaining net proceeds will be used for working capital and general
corporate purposes.

                         Escrow Agreement

On July 3, 2017, the Company entered into an Escrow Agreement  with
the holders of the Company's Series G Convertible Preferred Stock,
par value $0.001 per share, and Grushko & Mittman, P.C., counsel to
the Holders, as escrow agent.  

In connection with the execution of the Escrow Agreement, the
Company wired an aggregate sum of $934,253 to the escrow account
established pursuant to the Escrow Agreement.  Pursuant to the
terms of the Escrow Agreement, the Escrow Agent will retain each
Holder's pro rata portion of the Escrowed Funds until such time as
the Escrow Agent is in receipt of an executed signature page to a
Mutual Release Agreement currently being negotiated between the
Company and the Holders regarding a disagreement between the
Company and the Holders regarding the Series G Convertible
Preferred Stock.  Any Escrowed Funds still held by the Escrow Agent
on the Escrow Termination Date (as defined in the Escrow
Agreement), will be deposited with a court of competent
jurisdiction in the State of New York pending an agreement between
the Company and the Holders.

The Company will pay the Escrow Agent a fee of $7,500 for
performance of its obligations under the Escrow Agreement.

                  Binding Agreement Expires

As reported in the Company's Current Report on Form 8-K filed on
May 11, 2017, the Company entered into an Amendment to Binding Term
Sheet with BumpClick LLC on May 7, 2017, which provided that if a
purchase agreement had not been signed by the Company and BumpClick
by June 30, 2017, the Binding Term Sheet signed by the Company and
BumpClick relating to the purchase of all of the equity interests
of BumpClick by the Company would be terminated.

On June 30, 2017, the Binding Term Sheet expired.  Discussions are
continuing between the Company and BumpClick.

                    About Function(x)Inc.

Based in New York, FunctionX Inc (NASDAQ:FNCX) is a diversified
media and entertainment company.  The Company conducts three lines
of businesses, which are digital publishing through Wetpaint.com,
Inc. (Wetpaint) and Rant, Inc. (Rant); fantasy sports gaming
through DraftDay Gaming Group, Inc. (DDGG), and digital content
distribution through Choose Digital, Inc. (Choose Digital).  The
Company's segments include Wetpaint, which is a media channel
reporting original news stories and publishing information content
covering television shows, music, celebrities, entertainment news
and fashion; Choose Digital, which is a business-to-business
platform for delivering digital content; DDGG, which is a
business-to-business operator of daily fantasy sports, and Other.
The Company's digital publishing business also includes Rant, which
is a digital publisher that publishes original content in over 13
verticals, such as in sports, entertainment, pets, cars and food.

Function(x) incurred a net loss of $63.68 million for the year
ended June 30, 2016, compared to a net loss of $78.53 million for
the year ended June 30, 2015.  

As of Dec. 31, 2016, Function(x) had $31.80 million in total
assets, $27.94 million in total liabilities and $3.85 million in
total stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
June 30, 2016, citing that the Company has suffered recurring
losses from operations and at June 30, 2016, has a deficiency in
working capital that raise substantial doubt about its ability to
continue as a going concern.


GARBER BROS: U.S. Trustee Appoints 5-Member Creditors' Committee
----------------------------------------------------------------
William K. Harrington, the United States Trustee, appointed five
holders of unsecured claims to the Official Committee of Unsecured
Creditors in the Chapter 11 case of Garber Bros., Inc.

     1. Joseph Girgas, CPA
        Credit Manager
        Nestle USA
        800 North Brand Blvd.
        Glendale, CA 91203
        Tel: 440-264-7216
        Fax: 480-379-3846
        E-Mail: joseph.girgas@us.nestle.com

     2. Joseph Hernandez
        Credit Manager
        NA Mars Financial Services
        100 International Drive
        Mt. Olive, NJ 07840
        Tel: 973-448-3452
        Fax: 973-448-3452
        E-mail: joe.hernandez@effem.com

     3. Angie Wettstein
        Director of Credit
        DOT Foods, Inc.
        1 Dot Way, PO Box 192
        Mt. Sterling, IL 62353
        Tel: 217-773-4411
        Fax: 217-773-4911
        E-mail: angie.wettstein@dotfoods.com

     4. Brett Coleman
        Credit Analyst
        The Hershey Company
        19 East Chocolate Ave.
        Hershey, PA 17033
        Tel: 717-508-3716
        Fax: 717-534-7210
        E-mail: bmcoleman@hersheys.com

     5. Brian J. McElhinney
        Treasurer
        Teamsters Local Union No. 653 Health,
           Welfare, and Insurance Fund
        4B Hampden Drive
        South Easton, MA 02375
        Tel: 508-230-9450
        Fax: 508-230-7147
        E-Mail: brian.m@teamsterslocal653.org

The United States Trustee is represented by:

       Paula R. C. Bachtell, Esq.
       John W. McCormack Post Office and Courthouse
       5 Post Office Square, Suite 1000
       Boston, MA 02109-3934
       Tel: (617) 788-0406
       Fax: (617) 565-6368
       E-mail: Paula.bachtell@usdoj.gov

The Creditors Committee has selected as counsel:

       Scott Blakeley, Esq.
       Blakeley LLP
       18500 Von Karman Avenue, Suite 530
       Irvine, CA
       E-mail: seb@blakeleyllp.com

                        About Garber Bros.

Garber Bros., is a greater Boston convenience store distributor.
It abruptly closed its doors on April 10, 2017, and ceased
operations.

Alleged creditors signed an involuntary Chapter 7 petition for
Garber Bros., Inc. (Bankr. D. Mass. Case No. 17-11802) on May 15,
2017.  The petitioning creditors are BIC USA, Conagra Brands,
Inc.,
General Mills, Inc., Mars Financial Services, Mondelez, Nestle USA
The Coca-Cola Company, and The Hershey Company.  The petitioning
creditors are represented by Janet E. Bostwick, at Janet E.
Bostwick, PC.

On June 7, 2017, the Court granted the Debtor's motion to convert
the case to Chapter 11.  Murphy & King, PC represents the Debtor
as
counsel.  Argus Management Corporation serves as the Debtor's
financial advisor.

On June 28, 2017, the U.S. Trustee appointed an official committee
of unsecured creditors.  The Committee is represented by Blakeley
LLP.


GASTAR EXPLORATION: May Issue 15.4-M Shares Under Incentive Plan
----------------------------------------------------------------
Gastar Exploration Inc. filed with the Securities and Exchange
Commission a Form S-8 registration statement to register an
additional 15,400,000 shares of common stock that may be issued
under the Amended and Restated Long-Term Incentive Plan.

The Plan was approved by the Company's stockholders at the 2017
annual stockholders' meeting held on June 27, 2017.  The proposed
maximum aggregate offering price is $14.01 million.

A full-text copy of the prospectus is available for free at
https://is.gd/mDhemR

                    About Gastar Exploration

Houston, Texas-based Gastar Exploration Inc. --
http://www.gastar.com/-- is an independent energy company engaged
in the exploration, development and production of oil, condensate,
natural gas and natural gas liquids in the United States.  Gastar's
principal business activities include the identification,
acquisition, and subsequent exploration and development of oil and
natural gas properties with an emphasis on unconventional reserves,
such as shale resource plays.

Gastar reported a net loss attributable to common stockholders of
$103.5 million on $58.25 million of total revenues for the year
ended Dec. 31, 2016, compared to a net loss attributable to common
stockholders of $474.0 million on $107.3 million of total revenues
for the year ended Dec. 31, 2015.

The Company's balance sheet as of Dec. 31, 2016, showed
$300.2 million in total assets, $440.6 million in total
liabilities, and a total stockholders' deficit of $140.4 million.
As of March 31, 2017, Gastar had $362.96 million in total assets,
$404.3 million in total liabilities and a total stockholders'
deficit of $41.36 million.

                          *     *     *

In March 2017, S&P Global Ratings affirmed its 'CCC-' corporate
credit rating, with a negative outlook, on Gastar Exploration.
Subsequently, S&P withdrew all its ratings on Gastar at the
issuer's request.

In April 2017, Moody's Investors Service has withdrawn all assigned
ratings for Gastar Exploration, including the 'Caa3' Corporate
Family Rating, following the elimination of all of its rated debt.


GELTECH SOLUTIONS: Major Shareholder Buys 208,334 Shares, Warrants
------------------------------------------------------------------
Michael Reger, the president, director and principal shareholder of
GelTech Solutions, Inc., purchased 208,334 shares of the Company's
common stock and 104,167 two-year warrants exercisable at $2.00 per
share for $50,000, according to a Form 8-K report filed with the
Securities and Exchange Commission.

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.

GelTech Solutions reported a net loss of $4.67 million on $1.20
million of sales for the year ended Dec. 31, 2016, compared with a
net loss of $6.02 million on $1.31 million of sales for the year
ended Dec. 31, 2015.  As of March 31, 2017, Geltech had $2.44
million in total assets, $9.04 million in total liabilities and a
total stockholders' deficit of $6.59 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, 2016, citing that the Company has a net
loss and net cash used in operating activities in of $4,672,043 and
$3,344,593, respectively, for the year ended December 31, 2016 and
has an accumulated deficit and stockholders' deficit of $47,957,926
and $6,363,616, respectively, at Dec. 31, 2016.  These matters
raise substantial doubt about the Company's ability to continue as
a going concern.


GEORGES MARCIANO: Court Affirms Order Allowing API's Proof of Claim
-------------------------------------------------------------------
The U.S. Court of Appeals for the Ninth Circuit affirmed the
district court's opinion affirming the bankruptcy court's orders
allowing appellant Art Pack, Inc.'s proof of claim against the
estate of Georges Marciano for $84,918.99.

The Ninth Circuit finds, among other things, that the bankruptcy
court acted within its authority, both as a constitutional and as a
statutory matter, in liquidating Art Pack's contested proof of
claim. Art Pack's proof of claim sought damages arising out of
Marciano's malicious prosecution of the company "in an unliquidated
amount according to proof."

The bankruptcy court also did not err in concluding that Marciano's
malicious prosecution was not a substantial factor in the
Mohajeris' decision to sell Art Pack. The bankruptcy court
plausibly concluded that the record proved no causal link between
Marciano's lawsuit and Art Pack's sale.

In addition, Art Pack's proof of claim could not have been entitled
to prima facie validity regarding the amount of damages Art Pack
was owed, as the proof of claim sought compensatory and punitive
damages, attorneys' fees, costs, and pre-judgment interest "in an
unliquidated amount according to proof." The bankruptcy court
properly concluded that the amount of damages was contested once
Art Pack and the bankruptcy trustee sought to liquidate the claim
for different amounts, according to each party's evidence. Under
these circumstances, the bankruptcy court did not err in scheduling
proceedings to resolve the amount of damages owed to Art Pack.

The appeals case is ART PACK, INC., Appellant, v. DAVID K.
GOTTLIEB, Chapter 11, Trustee for the Estate of Georges Marciano,
Appellee, Case No. 15-56619 (9th Cir.).

A full-text copy of the Ninth Circuit's Memorandum is available at
https://is.gd/sTXPnP from Leagle.com.

                    About Georges Marciano

Georges Marciano is the co-founder of the apparel company Guess?,
Inc. and an investor in various companies and real estate
ventures.  Three of the five former employees of Mr. Marciano,
who won a $370 million libel judgment against him in July 2009,
filed an involuntary chapter 11 bankruptcy petition (Bankr. C.D.
Calif. Case No. 09-39630) against the Guess? Inc. co-founder on
Oct. 27 2009.  Mr. Marciano challenged the involuntary petition
for 14 months, and Judge Victoria S. Kaufman entered an order for
relief against Mr. Marciano on Dec. 29, 2010.  The bankruptcy
court appointed David K. Gottlieb as the trustee of Mr. Marciano's
bankruptcy estate on March 7, 2011.


GIGA-TRONICS INC: Files 2016 Conflict Minerals Report
-----------------------------------------------------
Giga-tronics Incorporated filed with the Securities and Exchange
Commission a conflict minerals report for calendar year 2016 in
accordance with Rule 13p-1 under the Securities Exchange Act of
1934.  The Rule was adopted by the SEC to implement reporting and
disclosure requirements related to conflict minerals as directed by
the Dodd-Frank Wall Street Reform and Consumer Protection Act of
2010.  The Rule imposes certain reporting obligations on SEC
registrants whose manufactured products contain conflict minerals
which are necessary to the functionality or production of their
products.  The specified conflict minerals are gold,
columbite-tantalite (coltan), cassiterite and wolframite, or their
derivatives, which are limited to tantalum, tin and tungsten.

In accordance with the rules, the Company undertook due diligence
to determine the conflict minerals status of the necessary conflict
minerals used in the Company's products.  The Company's due
diligence measures were based on the Electronic Industry
Citizenship Coalition and Global e-Sustainability initiative with
the smelters and refiners of conflict minerals who provide those
conflict minerals to our suppliers.  As a company in the business
of manufacturing RF and microwave signal generators, microwave
power amplifiers, microwave power meters, ATE signal switching and
RF interface unit (RFIU) and microwave components and
sub-assemblies, GIGA is several levels removed from the actual
mining of conflict minerals.  The Company said it does not make
purchases of raw ore or unrefined conflict minerals and makes no
purchases in the Covered Countries.

GIGA's due diligence measures included:

   * Conducting a supply-chain survey with direct suppliers of
     materials containing conflict minerals using the EICC/GeSI
     Conflict Minerals Reporting Template to identify the smelters

     and refiners.

   * Comparing the smelters and refiners identified in the supply-
     chain survey against the list of smelter facilities which
     have been identified as "conflict free" by programs such as
     the EICC/GeSI Conflict Free Smelter (CFS) program for
     tantalum, tin, tungsten and gold.

As a result of the due diligence measures, the Company has
determined that the assembly services for its product are DRC
conflict undeterminable as defined by paragraph (d)(5) of the
instructions to Item 1.01 for all products manufactured and/or
contracted to be manufactured for the Company.  The Company makes
this determination due to a lack of information from its suppliers
to conclude whether the necessary conflict minerals originated in
the Covered Countries and, if so, whether the necessary conflict
minerals were from recycle or scrap sources, were DRC conflict free
or have not been found to be DRC conflict free.

A full-text copy of the Conflict Minerals Report is available for
free at https://is.gd/aZ8cqU

                        About Giga-Tronics
  
Headquartered in San Ramon, California, Giga-tronics Incorporated
includes the operations of the Giga-tronics Division and
Microsource Inc. (Microsource), a wholly owned subsidiary.
Giga-tronics Division designs, manufactures and markets the new
Advanced Signal Generator (ASG) for the electronic warfare market,
and switching systems that are used in automatic testing systems
primarily in aerospace, defense and telecommunications.

Giga-Tronics reported a net loss of $1.54 million on $16.26 million
of net sales for the year ended March 25, 2017, compared to a net
loss of $4.10 million on $14.59 million of net sales for the year
ended March 26, 2016.  As of March 25, 2017, Giga-Tronics had $9.07
million in total assets, $7.35 million in total liabilities and
$1.72 million in total shareholders' equity.

"The Company has experienced delays in the development of features,
orders, and shipments for the new ASG.  These delays have
significantly contributed to a decrease in working capital from
$1.8 million on March 26, 2016, to $620,000 on March 25, 2017.  The
new ASG product has now shipped to several customers, but potential
delays in the refinement of features, longer than anticipated sales
cycles, or the ability to efficiently manufacture the ASG, could
significantly contribute to additional future losses and decreases
in working capital.

"To help fund operations, the Company relies on advances under the
line of credit with Bridge Bank.  The line of credit which expired
on May 7, 2017, was renewed through May 6, 2019. . .  The agreement
includes a subjective acceleration clause, which allows for amounts
due under the facility to become immediately due in the event of a
material adverse change in the Company's business condition
(financial or otherwise), operations, properties or prospects, or
ability to repay the credit based on the lender's judgement.  As of
March 25, 2017, the line of credit had a balance of $582,000, and
additional borrowing capacity of $234,000, respectively.

"These matters raise substantial doubt as to the Company's ability
to continue as a going concern," as disclosed in the Company's
annual report for the year ended March 25, 2017.


GLOBAL ASSET: Plan Outline Okayed, Plan Hearing on Aug. 16
----------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida will
consider approval of the Chapter 11 plan for Global Asset
Solutions, Inc. at a hearing on August 16.

The hearing will be held at 9:30 a.m., at the Sam M. Gibbons United
States Courthouse, Courtroom 8A, 801 N. Florida Avenue, Tampa,
Florida.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on June 23.

Creditors are required to cast their votes accepting or rejecting
the plan no later than eight days before August 16.  Objections
must be filed no later than seven days prior to the hearing.

                  About Global Asset Solutions

Global Asset Solutions, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case No. 17-02970) on April
7, 2017.  The petition was signed by Chad Sands, president.  At the
time of the filing, the Debtor estimated its assets and liabilities
at $1 million to $10 million.

Judge Michael G. Williamson presides over the case.  The Debtor is
represented by Buddy D Ford, Esq. and Jonathan A. Semach, Esq. at
Buddy D. Ford, P.A.


GLOBAL TELLINK: Term Loan Add-on No Impact Moody's B3 CFR
---------------------------------------------------------
Moody's Investors Service said Global Tel*Link Corporation's (GTL)
B3 corporate family rating (CFR) is unchanged following its
anticipated $165 million add-on to its first lien term loan.
Proceeds from the debt issuance will be used to fund the
acquisition of Telmate, LLC (Telmate). The transaction is
strategically positive for GTL as it expands and enhances the
company's service offerings, improving its competitive positioning
in a mainly duopolistic market. Additionally, the acquisition,
after synergies, modestly improves the company's credit profile.
All other ratings including the company's stable outlook are also
unchanged.

The acquisition of Telmate, GTL's smaller industry peer, will
expedite the company's growth into ancillary businesses such as
media and payment services by leveraging its existing tablet
services. Over the last several years, GTL has ceded some market
share to its largest competitor in bidding contests on traditional
phone contracts. While GTL is the incumbent leader in the legacy
inmate phone business, it faces stronger competitive forces in
related ancillary services. The acquisition of Telmate is
strategically positive and should make GTL more competitive,
potentially slowing or reversing new bidding trends which have
nominally eroded market share. Further, in operating similar
businesses, GTL has identified opportunities to reduce costs across
the company's combined tablet segment. After synergies, the
acquisition is accretive to earnings and cash flow.

Larger sized M&A deals in this industry have been scarce over the
past several years, mainly due to the uncertainty surrounding the
2015 Federal Communications Commission's (FCC) order to cap
intrastate call rates and fees. In June 2017 the US Court of
Appeals for the D.C. Circuit ruled that the FCC does not have
jurisdiction over intrastate rates or fees, but does have
jurisdiction over interstate rates and fees. After a lengthy period
of uncertainty, this final ruling is favorable because it
effectively preserves the inmate telephony industry's existing
business model, which is further enshrined under new leadership at
an FCC now pursuing different priorities. Moody's believes GTL and
its peers will have improved access to the capital markets as a
result, increasing the likelihood of more and potentially sizable
debt-funded acquisition activity in the future.

GTL's B3 CFR reflects its small scale, niche industry focus,
aggressive financial policy, and strong competitive pressures in a
largely duopolistic and mature end market. The ratings are
supported by the company's dominant market position and a stable
base of contracted and fairly predictable revenues. Providing
communications services to corrections facilities remains a low
margin business characterized by competitive bidding on contracts,
the majority of which include a legacy industry practice requiring
relatively high commission fees to be included in inmate phone
charges, which are later passed through to state and county prison
operators. In addition, GTL and the industry apply
transaction-based fees on the phone account deposits of inmates.
While GTL responded to FCC interstate rate caps established in 2013
by negotiating the bulk of its contracted commission expense
structures with prison operators down to lower levels, the need to
be proactive in this manner is eliminated by the June 2017 D.C.
Circuit Court ruling.

Moody's could upgrade GTL's ratings if the company maintains very
good liquidity, continues to generate strong positive free cash
flow, and grows EBITDA or reduces debt such that leverage (Moody's
adjusted) is sustained below 5.5x. Moody's could lower GTL's
ratings if leverage exceeds 6.5x (Moody's adjusted) or free cash
flow turns negative.

Global Tel*Link Corporation, based in Mobile, AL and Reston, VA, is
a leading provider of telecommunications services to inmates and
administrators in correctional facilities in the US. GTL is owned
and controlled by the private equity firm, American Securities. The
firm acquired GTL in a leveraged buyout transaction in 2011. GTL
was spun out of Schlumberger Ltd. in 2005.


GOODMAN AND DOMINGUEZ: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------------
The Office of the U.S. Trustee on July 10 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Goodman and Dominguez, Inc.

Goodman is represented by:

     Joshua W. Dobin, Esq.  
     Meland Russin & Budwick, P.A.
     200 S Biscayne Blvd., Suite 3200
     Miami, FL 33131
     Tel: (305) 358-6363
     Email: jdobin@melandrussin.com

                About Goodman and Dominguez Inc.

Goodman and Dominguez, Inc. is a footwear retailer based in
Florida.  Founded in 1989, the Debtor operates the Traffic Shoes
chain in the US and Puerto Rico.  It previously filed for
protection under Chapter 11 of the Bankruptcy Code on Jan. 4, 2016
(Bank. S.D. Fla. Case No. 16-10056).

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 17-17237) on June 9, 2017.  David
Goodman, president, signed the petition.  

Judge Robert A. Mark presides over the case.

At the time of the filing, the Debtor disclosed that it had
estimated assets and liabilities of $1 million to $10 million.


GORDMANS STORES: Court Extends Plan Filing Deadline to Oct. 9
-------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Gordmans Stores' motion to extend the exclusive period during which
the Company can file a Chapter 11 plan and solicit acceptances
thereof through and including October 9, 2017 and December 8, 2017,
respectively.  As previously reported, "The Debtors have turned to
the tasks remaining to resolve these cases.  In connection with
their asset sale, the Debtors have negotiated the consensual
post-closing assumption and assignment of 53 store leases and one
distribution center . . . .  The Debtors have continued to
negotiate with interested parties, including the committee,
vendors, utility providers, and landlords, regarding certain claims
against the Debtors' estates.  And, of particular relevance to this
motion, the Debtors have prepared a chapter 11 plan (and related
disclosure statement) to resolve their estates and maximize the
value of distributions available for their creditors. With the aim
of filing that plan in the very near term, the Debtors provided a
draft to the creditors' committee on April 28, 2017 and received
comments back from the committee on May 12, 2017.  The Debtors are
presently engaged in discussions with the committee in efforts to
obtain its support of the plan."

                     About Gordmans Stores

Gordmans, Inc. -- http://www.gordmans.com/-- was a retail company

engaged in the sale of apparel, home goods, and other merchandise.
Founded in 1915, Gordmans operates 106 stores in 62 markets and 22
states throughout the United States and through e-commerce
operations.

Gordmans Stores, Inc., and five of its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Neb. Lead Case
No. 17-80304) on March 13, 2017. Andrew T. Hall, president, CEO and
secretary, signed the petitions. At the time of the filing, the
Debtors disclosed $274 million in assets and $131 million in
liabilities.

The cases are assigned to Judge Thomas L. Saladino.

The Debtors engaged Patrick J. Nash, Jr., Esq., Brad Weiland, Esq.,
and Jamie R. Netznik, Esq., of Kirkland & Ellis LLP, as bankruptcy
counsel. The Debtors also hired Joyce A. Dixon, Esq. at Kutak Rock
LLP as local counsel; Duff & Phelps as financial advisor; Clear
Thinking Group LLC as restructuring advisor; and Epiq Bankruptcy
Solutions LLC, as claims and noticing agent.

On March 15, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The Committee hired
Frost Brown Todd LLC, as counsel, Brian J. Koenig, Esq. at Koley
Jessen, P.C., L.L.O., as local counsel; and Province Inc., as
financial advisor.

                          *     *     *

Houston, Texas-based Stage Stores and a joint venture of
liquidators Tiger Capital Group and Great American Group were
declared winning bidders for Gordmans' assets at an auction in
March 2017.  Stage Stores said at that time, it plans to operate at
least 50 of Gordmans' 105 locations and keep the warehouse in Omaha
as a going concern.

Stage operates about 800 locations nationwide under the Peebles,
Bealls and Goody's brands, among others.

The winning bid amounted to $75.6 million, good enough to snare
Gordmans' inventory at all stores, its fixtures, furniture, office
equipment and other assets, according to a report by the Omaha
World-Herald.

Gordmans Stores changed its name to G-Estate Liquidation Stores,
Inc., following the asset sale.


GREAT BASIN SCIENTIFIC: Business Presentation Filed
---------------------------------------------------
Great Basin Scientific, Inc. posted to its website --
http://www.gbscience.com/-- its business presentation dated July
7, 2017.  The Company intends to use this presentation in its
corporate communications and at investor conferences.

The Company said that it focused on product menu and customer
acquisition in 2015 and 2016.  The Company is focused on
accelerating revenue growth in 2017 and 2018.  Great Basin also has
restructured its capitalization and eliminated variable price
instruments.

Capital Structure:

  * Common shares & equivalents outstanding  of 11.6 million
    (including shares from Series K warrants)

  * No variable priced instruments

  * $20.3 million Series A convertible Note

  * Other debt of $1.8 million, including $0.1 million series B
    convertible note, convertible at $1.10

  * Enterprise value of approximately $26.7 million

  * Series J warrants are exercisable into 22.4 million shares
    until Aug. 21, 2017

A copy of Great Basin Scientific's Business Presentation dated July
7, 2017, is available for free at https://is.gd/B4VLCi

                       About Great Basin

West Valley City, Utah-based Great Basin Scientific Inc. is a
molecular diagnostic testing company focused on the development and
commercialization of its patented, molecular diagnostic platform
designed to test for infectious disease, especially
hospital-acquired infections.  The Company believes that small to
medium sized hospital laboratories, those under 400 beds, are in
need of simpler and more affordable molecular diagnostic testing
methods.  The Company markets a system that combines both
affordability and ease-of-use, when compared to other commercially
available molecular testing methods.

Great Basin Scientific reported a net loss of $89.14 million on
$3.04 million of revenues for the year ended Dec. 31, 2016,
compared to a net loss of $57.89 million on $2.14 million of
revenues for the year ended Dec. 31, 2015.

As of March 31, 2017, Great Basin had $29.24 million in total
assets, $59.10 million in total liabilities and a total
stockholders' deficit of $29.86 million.

The Company's independent accountants, BDO USA, LLP, in Salt Lake
City, Utah, expressed "substantial doubt" about the Company's
ability to continue as a going concern noting that the Company has
incurred substantial losses from operations, has negative
operating cash flows and has a net capital deficiency.


GREAT FALLS DIOCESE: Hires Crowley Fleck as Special Counsel
-----------------------------------------------------------
The Roman Catholic Bishop of Great Falls, Montana, seeks authority
from the U.S. Bankruptcy Court for the District of Montana to
employ Crowley Fleck PLLP, as special counsel to the Debtor.

The Billing Catholic School reviewed the deed restriction in a 1917
deed relating to Fratt School, now St. Francis Upper School, of the
Billing Catholic School. After consideration of the legal issues,
it has been determined the appropriate course of action is to
proceed with the filing of a petition with the 13th Judicial
District Court for Yellowstone County in Billings, Montana, to seek
termination of the deed restriction.

Termination of the deed restriction will result in sole ownership
of the property by the Billing Catholic School and enable the
property to be sold with the proceeds to be applied to a new school
being constructed by Billing Catholic School.

Great Falls Diocese requires Crowley Fleck to provide legal
representation needed by the Debtor in pursuing the cause of action
in relation to the termination of the deed restriction.

Crowley Fleck will be paid on a pro-bono basis.  Crowley Fleck will
also be reimbursed for reasonable out-of-pocket expenses incurred,
which will be paid by the Billing Catholic Schools Foundation.

Robert G. Jock Michelotti, Jr., and David L. Charles, members of
Crowley Fleck PLLP, 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 Debtor and its estates.

Crowley Fleck can be reached at:

     Robert G. Jock Michelotti, Jr., Esq.
     David L. Charles, Esq.
     CROWLEY FLECK PLLP
     490 North 31st Street
     Billings, MT 59103
     Tel: (406) 252-3441

                   About Roman Catholic Bishop of
                      Great Falls, Montana

The Roman Catholic Bishop of Falls, Montana, a Montana Religious
Corporate Sole, also known as the Diocese of Great Falls-Billings
-- http://www.dioceseofgfb.org/-- filed a Chapter 11 bankruptcy
petition (Bankr. D. Mont. Case No. 17-60271) on March 31, 2017. The
petition was signed by Bishop Michael W. Warfel.

In its petition, the Debtor disclosed $20.75 million in total
assets and $14.78 million in total liabilities.

The Hon. Benjamin P. Hursh presides over the case.

Bruce Alan Anderson, Esq., at Elsaesser Jarzabek Anderson Elliott &
MacDonald, CHTD.; and Gregory J. Hatley, Esq., at Davis Hatley
Haffeman & Tighe PC, serve as counsel to the Debtor.

Pachulski Stang Ziehl & Jones LLP is the counsel to the official
committee of unsecured creditors formed in the Debtor's case.


HAIRLAND CORP: Hearing on Plan and Disclosures Set for August 1
---------------------------------------------------------------
Judge Enrique S. Lamoutte Inclan of the U.S. Bankruptcy Court for
the District of Puerto Rico conditionally approved Hairland
Corporation’s disclosure statement with respect to its Chapter 11
plan filed on June 27, 2017.

August 1, 2017, at 10:00 A.M. is fixed for the hearing on final
approval of the disclosure statement and for the hearing on
confirmation of the plan at the U.S. Bankruptcy Court for the
District of Puerto Rico, Jose V. Toledo Fed. Bldg. & U.S.
Courthouse, 300 Recinto Sur, Courtroom No. 2, Floor 2, San Juan,
Puerto Rico.

Three days prior to the hearing is fixed as the last day for filing
written acceptances or rejections to the plan.

Three days prior to the hearing is fixed as the last day for filing
and serving written objections to the disclosure statement and
confirmation of the plan.

                About Hairland Corporation

Headquartered at San Juan, Puerto Rico, Hairland Corporation
manages a barbershop.  The Debtor filed a petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No.
17-00286) on January 23, 2017.  The Debtor is represented by Emily
Darice Davila Rivera, Esq., at the Law Office of Emily D. Davila
Rivera.


HAMILTON ENGINEERING: Committee Taps Kerr Russell as Counsel
------------------------------------------------------------
Hamilton Engineering, Inc.'s official committee of unsecured
creditors has filed an amended application with the U.S. Bankruptcy
Court for the Eastern District of Michigan seeking approval to hire
legal counsel.

The committee proposes to hire Kerr, Russell and Weber, PLC to,
among other things, give legal advice related to the Debtor's
Chapter 11 case, review financial and operating information,
investigate pre-bankruptcy deals, and analyze any proposed sale,
bankruptcy plan or exit strategy.

The hourly rates charged by the firm range from $310 to $450 for
its members, $160 to $250 for associates, and $135 to $155 for
legal assistants.  The primary attorneys who will be handling the
case are:

     Jason Bank          Member        $340
     William Blasses     Associate     $225
     F. Broc Gullett     Associate     $160

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

The firm can be reached through:

     Jason W. Bank, Esq.
     Kerr, Russell and Weber, PLC
     500 Woodward Ave., Suite 2500
     Detroit, MI 48226
     Phone: (313) 961-0200
     Email: jbank@kerr-russell.com

                 About Hamilton Engineering

Founded in 1981, Hamilton Engineering is a family-owned, Livonia,
Michigan-based, supplier of specially designed water heating and
building heat applications throughout North and South America.

Hamilton Engineering, Inc. filed a Chapter 11 petition (Bankr. E.D.
Mich. Case No. 17-48381) on June 3, 2017.  Shareholder Christina
McIlhenney signed the petition.  At the time of the filing, the
Debtor estimated assets of less than $50,000 and liabilities of $1
million to $10 million.

The case is assigned to Judge Maria L. Oxholm.  The Debtor is
represented by Ernest M. Hassan, III, Esq. and Elliot G. Crowder,
Esq., at Stevenson & Bullock, P.L.C.

On June 16, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


HOOPER HOLMES: Raised $3.5 Million by Issuing New Shares
--------------------------------------------------------
Hooper Holmes, Inc., was required by its term lender to raise $3.5
million by issuing new shares of the Company's common stock, par
value $0.04 per share in exchange for cash within 90 days following
closing of the merger of the Company's subsidiary, Piper Merger
Corp. with and into Provant Health Solutions, LLC.

The Company issued $3.22 million worth of the Requirement Shares by
the time the Merger closed on May 11, 2017.  On May 24, 2017, the
Company issued and sold the remaining $280,000 of the Requirement
Shares to certain accredited investors; the 350,000 shares were
sold at $0.80/share on the same terms and conditions as the shares
that had been previously sold as part of this requirement.

These shares and warrants were issued by the Company in reliance on
an exemption from registration pursuant to Section 4(a)(2) of the
Securities Act and Rule 506 thereunder.

Each Common Stock Purchase Warrant is exercisable beginning six
months after the date of issuance and ending on the fourth
anniversary of the date of issuance.  Each Common Stock Purchase
Warrant provides that the Company can call the warrants if the
closing price of its Common Stock equals or exceeds $2.70 per share
for ten consecutive trading days with a minimum trading volume of
100,000 shares per day, subject to certain additional conditions
set forth in the Common Stock Purchase Warrants.  If the holder of
a Common Stock Purchase Warrant voluntarily exercises the warrant
and the Company files a registration statement for the resale of
the shares, the holder must pay the exercise price in cash.  In all
other circumstances, the exercise price may be paid via the
"cashless exercise" method set forth in the Common Stock Purchase
Warrants.

Each Securities Purchase Agreement provides the purchaser with
piggyback registration rights to register and sell shares acquired
under the Securities Purchase Agreement if the Company were to
undertake a registered securities offering on Form S-1 or S-3 prior
to the time at which the purchasers' shares may be resold under
Rule 144 of the Securities Act.  In addition, if the Company were
to make another private or public offering of Common Stock,
preferred securities, or securities convertible, exercisable, or
exchangeable for Common Stock at a price per share lower than
$0.80, the Securities Purchase Agreement would require the Company
to issue additional shares of Common Stock to the purchaser in a
number sufficient to cause the effective price per share paid by
the purchaser in the offering to be equal to the new offering
price.  This "full ratchet" provision applies only to the shares,
and not warrants, issued under the Securities Purchase Agreement
and lasts for a period of 12 months following the date of the final
closing under the private offering.  The "full ratchet" provision
is limited, however, to 2,175 shares of Common Stock per Unit (as
that term is defined in the Securities Purchase Agreements).

                     About Hooper Holmes

Hooper Holmes, Inc., provides health risk assessment services and
wellness as well as health improvement services with its
acquisition of Accountable Health Solutions, Inc. (AHS).  The
Olathe, Kansas-based Company provides these services to individuals
as part of health and wellness programs offered through corporate
and government employers, and to clinical research organizations.

Hooper Holmes reported a net loss of $10.32 million on $34.27
million of revenues for the year ended Dec. 31, 2016, compared to a
net loss of $10.87 million on $32.11 million of revenues for the
year ended Dec. 31, 2015.  As of March 31, 2017, Hooper Holmes had
$13.60 million in total assets, $18.25 million in total
liabilities, and a total stockholders' deficit of $4.65 million.

Mayer Hoffman McCann P.C., in Kansas City, Missouri, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, citing that the
Company has suffered recurring losses from operations, negative
cash flows from operations and other related liquidity concerns,
which raises substantial doubt about the Company's ability to
continue as a going concern.


HOVNANIAN ENTERPRISES: S&P Affirms CCC+ CCR, Rates $840M Notes CCC+
-------------------------------------------------------------------
On July 11, 2017, S&P Global Ratings affirmed its 'CCC+' corporate
credit rating on Hovnanian Enterprises Inc. The rating outlook is
negative.

S&P said, "We also assigned our 'CCC+' issue-level rating to the
company's proposed $840 million senior secured notes, issued by K.
Hovnanian Enterprises Inc. The recovery rating is '4', indicating
our expectation for average (30% to 50%; rounded estimate: 30%)
recovery in the event of payment default.

The contemplated transaction will extend HOV's debt maturity
profile while only modestly adding leverage. The company is
refinancing about $75 million of debt due 2018 and about $722
million due in 2020. The total amount of proposed debt will now be
due in between five and seven years. S&P said, "Incremental debt of
about $40 million will be added to the balance sheet to account for
premiums and fees, but we view this incremental amount as credit
neutral, and it does not affect our assessment of HOV's financial
risk."

The negative outlook reflects the potential for a downgrade over
the next 12-18 months if it appears Hovnanian will experience
difficulty or delays raising capital through land banking
arrangements, joint ventures, or other transactions in amounts
sufficient to meet upcoming debt maturities.

S&P said, "We will lower our rating on Hovnanian by one or more
notches in the next 12-18 months if it is unable to refinance its
2019 maturities in a timely manner, increasing the likelihood of a
payment default or distressed exchange.

"An upgrade is unlikely over the next year given the company's high
leverage and capital constraints. However, we could upgrade the
company if it completes a successful refinancing of its 2019 debt
maturities.

"We are assigning our 'CCC+' issue-level rating (same as our
corporate credit rating) to the proposed $840 million senior
secured notes. The recovery rating is '4', indicating our
expectation for average (30% to 50%; rounded estimate 35%) recovery
in the event of payment default. We rate Hovnanian's $75 million
term loan due 2018 'B' (two notches higher than the corporate
credit rating). The recovery rating is '1', indicating our
expectation for very high (90% to 100%; rounded estimate 95%)
recovery in the event of payment default. We rate the company's $75
million 9.5% first-lien notes due 2020 and both the 2% and 5%
senior secured notes due 2021 'CCC' (one notch lower than our
corporate credit rating). The recovery rating is '5', indicating
our expectation for modest (10% to 30%; rounded estimate 25%)
recovery in the event of payment default. We rate the company's
unsecured notes 'CCC-' (two notches lower than our corporate credit
rating). The recovery rating is '6', indicating our expectation for
negligible (0% to 10%) recovery in the event of payment default. We
estimate a gross recovery value of about $600 million, which
assumes a blended 45% discount to the assumed $1 billion in book
value of inventory. Our simulated default scenario assumes a 2019
default year in that a deep U.S. economic recession reverses the
recent housing recovery and volume and housing prices revert back
to recent trough levels."

  Gross recovery value: $600 million
  Administrative costs (5%): $30 million
  Net recovery value: $570 million
  Collateral available to term loan creditors: $360 million
  Term loan claims: $80 million
  --Recovery expectations: 90%-100%
  -----------------------------------
  Collateral available to first-lien creditors: $280 million
  First-lien claims: $875 million*
  --Recovery expectations: 30%-50%
  -----------------------------------
  Collateral available to 2% and 5% and first-lien secured    
  creditors: $82 million
  Total secured claims: $278 million*
  --Recovery expectations: 10%-30%
  -----------------------------------
  Collateral available to second-lien and unsecured creditors: $0
  Unsecured claims: $1 billion
  --Recovery expectations: 0% to 10%

*All debt claims include an assumed six months of accrued but
unpaid interest.


IGNITE RESTAURANT: Court Approves KERP for 27 Workers
-----------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Ignite Restaurant Group's motion for entry of an order approving
key employee retention plan (KERP).  As previously reported, "The
Retention Plan contemplates retention payments to 27 KERP
Participants, provided that the employees remain employed with the
Company through the sale proceeding to be consummated during the
course of these cases (the 'Sale Process'). The payments are
expected to total approximately $306,000 (with the average
individual payment being $11,340). The Debtors submit that the
relief requested herein will incentivize management and other key
employees to maximize the value of the Debtors' estates during the
Sale Process."

                    About Ignite Restaurant

Ignite Restaurant Group, Inc., et al., operate two well-known
restaurant brands, Joe's Crab Shack and Brick House Tavern + Tap
that offer a variety of high-quality food and beverages in a
distinctive, casual, high-energy atmosphere.  They operate 130+
restaurants and have three international franchise locations, and
employ about 8,400 employees.

On June 6, 2017, Ignite Restaurant Group and its affiliates filed
for bankruptcy in Texas (Bankr. S.D. Tex. Lead Case No. 17-33550).
The petitions were signed by Jonathan Tibus, chief executive
officer.  The Hon. David R. Jones presides over the Debtors'
cases.
  
Ignite Restaurant Group and its affiliated debtors sought
bankruptcy protection to facilitate a sale of its business to a
private equity firm for $50 million in cash plus the assumption of
certain liabilities.

As of April 30, 2017, the Debtors reported $153.4 million in total
assets and $197.4 million in total liabilities.

The Debtors have employed King & Spalding LLP as legal counsel;
Jonathan Tibus, managing director at Alvarez & Marsal North
America, as their chief executive officer; Piper Jaffray & Co. as
investment banker; Hilco Real Estate, LLC as real estate advisor;
and Garden City Group as their claims and noticing agent.

On June 21, 2017, a five-member panel was appointed as the official
unsecured creditors committee in the Debtors' cases.  The Committee
has retained Cole Schotz P.C. and Pachulski Stang Ziehl & Jones LLP
as counsel.


IGNITE RESTAURANT: Court Approves KRG-Led Auction Process
---------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Ignite Restaurant Group's emergency motion for entry of an order
authorizing and scheduling an auction at which the Debtors will
solicit the highest or best bid for the sale of substantially all
of Debtors' assets, approving bidding procedures related to conduct
of the auction, approving the breakup fee, approving the form and
manner of notices of the proposed sale of the Debtors' assets, the
auction and the sale hearing and approving the sale of its assets
to stalking horse purchaser KRG Acquisitions or to the party
submitting the highest or best bid. As previously reported, "An
accelerated process is warranted under the unique circumstances of
these Debtors, because they have been evaluating and undertaking a
sale process that started in the fall of 2016 . . . . [F]or
important and pressing business reasons, any sale transaction must
close on or before September 8, 2017, or the Stalking Horse Bidder
may terminate the Agreement."  KRG Acquisitions' stalking horse bid
for the assets is $50 million, and any third party (other than the
stalking horse purchaser) that is interested in acquiring the
purchased assets must submit an initial overbid that provides for a
purchase price in an amount equal to or greater than the sum of (1)
the purchase price, (2) $1,500,000 (the breakup fee) and (3)
$500,000 (the initial overbid amount)."

                    About Ignite Restaurant

Ignite Restaurant Group, Inc., et al., operate two well-known
restaurant brands, Joe's Crab Shack and Brick House Tavern + Tap
that offer a variety of high-quality food and beverages in a
distinctive, casual, high-energy atmosphere.  They operate 130+
restaurants and have three international franchise locations, and
employ about 8,400 employees.

On June 6, 2017, Ignite Restaurant Group and its affiliates filed
for bankruptcy in Texas (Bankr. S.D. Tex. Lead Case No. 17-33550).
The petitions were signed by Jonathan Tibus, chief executive
officer.  The Hon. David R. Jones presides over the Debtors'
cases.
  
Ignite Restaurant Group and its affiliated debtors sought
bankruptcy protection to facilitate a sale of its business to a
private equity firm for $50 million in cash plus the assumption of
certain liabilities.

As of April 30, 2017, the Debtors reported $153.4 million in total
assets and $197.4 million in total liabilities.

The Debtors have employed King & Spalding LLP as legal counsel;
Jonathan Tibus, managing director at Alvarez & Marsal North
America, as their chief executive officer; Piper Jaffray & Co. as
investment banker; Hilco Real Estate, LLC as real estate advisor;
and Garden City Group as their claims and noticing agent.

On June 21, 2017, a five-member panel was appointed as the official
unsecured creditors committee in the Debtors' cases.  The Committee
has retained Cole Schotz P.C. and Pachulski Stang Ziehl & Jones LLP
as counsel.


ION GEOPHYSICAL: 2016 Conflict Minerals Report Filed
----------------------------------------------------
ION Geophysical Corporation filed with the Securities and Exchange
Commission a copy of the Company's Conflict Minerals Report for the
calendar year ended Dec. 31, 2016.

The report for the calendar year ended Dec. 31, 2016, was presented
by ION Geophysical to comply with Rule 13p-1 under the Securities
Exchange Act of 1934.  The Securities and Exchange Commission
adopted the Rule to implement reporting and disclosure requirements
related to conflict minerals as directed by the Dodd-Frank Wall
Street Reform and Consumer Protection Act of 2010.  The Rule
imposes certain obligations on SEC registrants whose manufactured
products contain conflict minerals that are necessary to the
functionality or production of their products.  Conflict Minerals
are defined as cassiterite, columbite-tantalite, gold, wolframite,
or their derivatives, which are limited to tin, tantalum, tungsten,
and gold (collectively, "3TG").  These requirements apply to
registrants whatever the geographic origin of the conflict minerals
and whether or not the minerals fund armed conflict.

The Company is a provider of technology-driven solutions to the
global oil & gas industry.  Its offerings are designed to help
companies reduce risk and optimize assets throughout the E&P
lifecycle.  The Company's business is comprised of three reporting
segments: E&P Technology & Services, E&P Operations Optimization,
and Ocean Bottom Seismic Services.  The Company acquires and
processes seismic data from seismic surveys in regional data
programs, which then become part of its seismic data library.  3TG
can be found in some of the electronic components and materials
supplied to it for inclusion in marine hardware and geophone
products manufactured by the Company.

"The Company is unable to determine whether various
components/materials are DRC conflict free.  The Company does not
have sufficient information from suppliers or other sources to
conclude whether the necessary conflict minerals originated in the
Covered Countries and, if so, whether the necessary conflict
minerals were from recycled or scrap sources, were DRC conflict
free, or have not been found to be DRC conflict free.  On the basis
of the due diligence measures taken above, a total of 68 suppliers
were identified as in-scope for conflict mineral regulatory
purposes and contacted as part of the RCOI process.  The survey
response rate among these suppliers was 69%.  Of these responding
suppliers, 51% responded yes as to having one or more of the
regulated metals (3TG) as necessary to the functionality or
production of the products they supply to the Company."

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

                     https://is.gd/vbt21O

                     About ION Geophysical

Headquartered in Delaware, ION Geophysical is a global,
technology-focused company that provides geoscience technology,
services and solutions to the global oil and gas industry.  The
Company's offerings are designed to allow oil and gas exploration
and production companies to obtain higher resolution images of the
Earth's subsurface during E&P operations to reduce their risk in
exploration and reservoir development.

ION Geophysical reported a net loss attributable to the Company of
$65.14 million in 2016, a net loss attributable to the Company of
$25.12 million in 2015 and a net loss attributable to the Company
of $128.25 million in 2014.  As of March 31, 2017, Ion Geophysical
had $298.12 million in total assets, $266.35 million in total
liabilities and $31.77 million in total equity.

                        *    *     *

As reported by the TCR on Oct. 10, 2016, S&P Global Ratings raised
the corporate credit rating on ION Geophysical Corp. to 'CCC+' from
'SD'.  The rating action follows ION's partial exchange of its
8.125% notes maturing in 2018 for new 9.125% second-lien notes
maturing in 2021.

In May 2016, Moody's Investors Service affirmed ION Geophysical's
'Caa2' Corporate Family Rating, and affirmed and appended its
Probability of Default Rating (PDR) at 'Caa2-PD/LD'.


IOWA HEALTHCARE: Hires Healthcare Management as Wind-Down Officer
-----------------------------------------------------------------
Central Iowa Healthcare, seeks authority from the U.S. Bankruptcy
Court for the Southern District of Iowa to employ Ronald Winters of
Healthcare Management Partners, LLC, as chief wind-down officer to
the Debtor.

Central Iowa Healthcare requires Healthcare Management to:

   a. perform and be responsible for all ongoing duties normally
      associated with the office of Chief Executive Officer of
      the Debtor;

   b. review the current assets and liabilities plans for the
      Debtor and will actively pursue, with Board approval,
      any such wind-down and liquidation strategies as Mr.
      Winters identifies or deems necessary or advisable under
      the circumstances;

   c. advise and assist the Debtor with its preparation of
      budgets; its preparation and review of monthly financial
      reports, and the preparation of other financial reports,
      including schedules of assets and liabilities, and
      statements of financial affairs that may be required for
      discussions with the Board, lenders and other stakeholders;

   d. assist in the identification and implementation of
      appropriate liquidation and wind-down strategies for the
      Debtor's remaining business and assets;

   e. assist with the Debtor's communications and negotiations
      with other parties;

   f. discuss with the Debtor's employees, contractors,
      suppliers and creditors, and shall regularly discuss with
      lenders and other key stakeholders, aspects of the Debtor's
      financial and operational matters; and

   g. collaborate closely with the Debtor's legal counsel to
      organize, administer, direct and control the wind-down of
      the Debtor as may be necessary.

Healthcare Management will be paid at these hourly rates:

     Managing Director                   $575-$675
     Director                            $375-$425
     Senior Associate                    $325
     Associate                           $275
     Data Analyst                        $175

Mr. Winters, will be paid $45,000 per month, as CWO.

Healthcare Management's fees will be subject to a fee cap of
$100,000 per month.

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

Ronald Winters, member of Healthcare Management Partners, LLC,
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 Debtor and its estates.

Healthcare Management can be reached at:

     Ronald Winters
     HEALTHCARE MANAGEMENT PARTNERS, LLC
     1033 Demonbreun St., Suite 300
     Nashville, TN 37203
     Tel: (215) 854-4086
     Fax: (215) 689-4386

                   About Central Iowa Healthcare

The Central Iowa Healthcare, formerly doing business as
Marshalltown Medical Surgical Center, is a not-for-profit
corporation formed under the laws of the State of Iowa, and is tax
exempt pursuant to Section 501(c)(3) of the Internal Revenue Code.
It is governed by a 14-member Board of Trustees of which two
members serve on an ex-officio basis.

CIH operates a community hospital in Marshalltown, Iowa, which is
located between Des Moines and Cedar Rapids. Its 49-bed, acute care
facility is the only full-service medical center in the area.

CIH is the sixth largest employer in Marshalltown. According to
U.S. Census 2015 data, Marshalltown's population is estimated at
27,620 and a median income of $50,396.

Declining revenues over the past several years have placed a
considerable financial strain on CIH and led to uncertainty about
the hospital's ability to continue as a going concern.

CIH sought Chapter 11 protection (Bankr. S.D. Iowa Case No.
16-02438) on Dec. 20, 2016. The petition was signed by Dawnett
Willis, acting CEO. The Debtor disclosed $81.91 million total
assets and $20.02 million total liabilities.

The case is assigned to Judge Anita L. Shodeen.

The Debtor hired Bradshaw, Fowler, Proctor & Fairgrave, P.C., as
its legal counsel, and Alvarez & Marsal Healthcare Industry Group,
LLC as its financial advisor. The Debtor engaged Andy Wang, Esq.,
at Wang Kobayashi Austin, LLC, as special counsel.

The U.S. Trustee for the Southern appointed Susan N. Goodman as the
patient care ombudsman for CIH.

On Dec. 28, 2016, the U.S. Trustee appointed an official committee
of unsecured creditors. The Committee is represented by Francis J.
Lawall, Esq., at Pepper Hamilton LLP.

                          *     *     *

In March 2017, the bankruptcy court approved the sale of the
Debtors' assets to UnityPoint Health-Waterloo, an affiliate of Des
Moines, Iowa-based UnityPoint Health, for $11.9 million.


K & J COAL: Hires CX-Energy as Broker, Has $900,000 Bid for Assets
------------------------------------------------------------------
K & J Coal Co., Inc., a reorganized debtor, seeks authority from
the U.S. Bankruptcy Court for the Western District of Pennsylvania
to employ Shale Consultants, LLC, d/b/a CX-Energy, as broker to the
Debtor.

At the time of the commencement of the bankruptcy case, the Debtor
was the owner of certain coal interests, mining rights, support
rights, surface rights, access rights, removal rights, oil rights,
gas rights, mineral rights and related drilling, access and removal
rights to lands situated in Chest Township, Cambria County,
Pennsylvania, and Chest Township, Clearfield County, Pennsylvania,
consisting of 5,602.764 acres.

The Debtor's Plan of Reorganization, which was confirmed by the
Court more than a decade ago, provided, inter alia, for the Debtor
to sell its remaining real estate holdings, which included the coal
interests and mining rights, etc., and for the Bankruptcy Court to
retain jurisdiction to authorize, approve and confirm the sales.
The Reorganized Debtor has been marketing the interests since
confirmation, however, it had not located buyers for the same.

K & J Coal requires CX-Energy to market and sell the Debtor's
properties situated in Chest Township, Cambria County,
Pennsylvania, and Chest Township, Clearfield County, Pennsylvania,
consisting of 5,602.764 acres.

The Reorganized Debtor initially hired Shale Consultants to conduct
an "on-line" auction earlier this year.  According to the Debtor,
the auction had a reserve price of $1,250,000.  The March 31
auction, however, did not did not result in the sale price reaching
the reserve price.

Following the failed auction, the Reorganized Debtor's management,
with the assistance of Shale Consultants, have been negotiating
with various interested parties to reach a negotiated sale of the
assets.  An Amendment to the parties' Listing Agreement previously
approved, which authorized and approved the payment of a Buyer's
Premium of 10% of the Sales Price, has been negotiated, which
reduces the applicable commission to 6% of the highest and best
offer brought by Shale Consultants up to one hour prior to the time
of the sale to be conducted before the Court.

The Reorganized Debtor, with the assistance of Shale Consultant,
has, after negotiating with several parties, entered into, subject
to the Court's approval, a Purchase and Sale Agreement for the sale
and purchase of the assets, with Buffalo Valley, Ltd., a Limited
Partnership, for a sale/purchase price of $900,000.  To assure that
the highest and best price is obtained, the Debtor and Shale will
subject Buffalo Valley's bid to higher and better offers.

William Smith, member of Shale Consultants, LLC, d/b/a CX-Energy,
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 Debtor and its estates.

CX-Energy can be reached at:

     William Smith
     SHALE CONSULTANTS, LLC, D/B/A CX-ENERGY
     1373 Washington Pike, Suite 204
     Bridgeville, PA 15017
     Tel: (724) 933-1311
     Fax: (724) 913-4706

                About K & J Coal Co., Inc.

K&J Coal Co., Inc., also known as K & J Coal Co., sought Chapter 11
protection (Bankr. W.D. Penn. Case No. Case No. 02-26645) on July
19, 2002.

The Court approved and confirmed the Debtor's Plan of
Reorganization dated August 31, 2003, as amended,   pursuant to the
Confirmation Order dated February 9, 2004.

The Reorganized Debtor is represented by:

     Spence, Custer, Saylor, Wolfe & Rose, LLC
     James R. Walsh, Esq.
     1067 Menoher Blvd.
     Johnstown, PA 15905
     Tel: 814.536.0735
     Fax: 814.539.1423
     E-mail: Jwalsh@spencecuster.com


K. HOVNANIAN: Moody's Rates Proposed $840MM Sr. Secured Notes Caa2
------------------------------------------------------------------
Moody's Investors Service rated K. Hovnanian Enterprises, Inc.'s
proposed $840 million of senior secured notes Caa2. At the same
time, Moody's affirmed the ratings on Hovnanian Enterprises, Inc.'s
Corporate Family Rating at Caa2, as well as Hovnanian's super
priority secured term loan at B2, its first lien senior notes at
B3, and its senior unsecured obligations at Caa3. At the same time,
Moody's upgraded Hovnanian Enterprises, Inc.'s probability of
default rating to Caa1-PD from Caa2-PD because of Moody's estimates
of 35% expected recovery rate. The outlook was changed to stable
from negative.

The new secured notes will be used to refinance the company's
existing $220 million of second lien notes due in both 2018 and
2020 as well as its $577 million first lien notes maturing in 2020.
The outlook has been changed to stable to reflect the improved debt
maturity profile created by moving over $700 million of debt
maturing in the fourth quarter of 2020 out to more manageable $420
million tranches due in 2022 and 2024. The outlook change is
predicated on the completion of this transaction as expected, and
the outlook would revert to negative if it does not go as planned.
Close to $450 million of debt maturing in 2019 remains on the
balance sheet and the refinancing risk surround that debt is
reflected in the Caa2 Corporate Family Rating.

The following rating actions were taken for Hovnanian Enterprises,
Inc.:

Corporate Family Rating, affirmed at Caa2;

Probability of Default Rating, upgraded to Caa1-PD from Caa2-PD;

Speculative Grade Liquidity Rating, affirmed at SGL-4;

Preferred Stock, affirmed at Ca (LGD6);

Ratings outlook changed to Stable from Negative.

The following rating actions were taken for K. Hovnanian
Enterprises, Inc.:

Proposed Gtd senior secured notes due 2022, assigned Caa2 (LGD4);

Proposed Gtd senior secured notes due 2024, assigned Caa2 (LGD4);

Existing Gtd senior secured super priority first lien term loan,
affirmed B2 (LGD2)

Existing Gtd senior secured first lien notes, affirmed B3 (LGD3);

Existing Gtd senior secured notes, affirmed B3 (LGD3);

Existing Gtd senior unsecured notes, affirmed at Caa3 to (LGD6)
from (LGD5);

Rating outlook changed to Stable from Negative.

RATINGS RATIONALE

The Caa2 Corporate Family Rating reflects Hovnanian's high
refinancing risk as well as its debt to capitalization over 100%,
weak liquidity profile, low interest coverage, and shrinking
revenue base. The company had pulled back on community investment
in an effort to create liquidity to meet upcoming maturities and
this will have a cascading effect on revenue in 2017 and 2018 as
Moody's expect declines to match its shrinking community count.

At the same time, this transaction reduces refinancing risk by
moving out the over $722 million maturity wall in 2020 to more
manageable tranches in 2022 and 2024. Still, Hovnanian will have to
refinance or repay the over $400 million maturing in 2019.

The Speculative-Grade Liquidity (SGL) Rating of SGL-4 reflects
Hovnanian's weak liquidity profile over the next 12 to 18 months.
The SGL Rating takes into consideration internal liquidity,
external liquidity, covenant compliance, and alternate liquidity.
Hovnanian's internal liquidity is supported by its $275 million of
cash on hand as of April 30, 2017 as well as Moody's expectations
that the company will be free cash flow positive in 2017 but this
is balanced by upcoming maturities in 2018 and especially 2019 that
will test liquidity. The company does not have revolving credit
facility committed through the next 12 months as its current one is
due in June of 2018. Hovnanian is not subject to any financial
maintenance covenants. Alternate sources of liquidity are limited
as this transaction will result in over $1.1 billion of secured
debt in the capital structure.

The stable outlook is predicated on the successful completion of
this transaction which would decrease the company's refinancing
risk. If this transaction is not consummated as planned the outlook
would be returned to negative.

The ratings could be downgrade if the company's liquidity profile
weakens further such that it cannot meet its debt payment
obligations.

The ratings could be upgraded if the company's liquidity profile
improves and Hovnanian shows considerable improvement in its
financial performance and if its capital structure is fully
refinanced to a stable position.

The principal methodology used in these ratings was Homebuilding
And Property Development Industry published in April 2015.

Established in 1959 and headquartered in Red Bank, New Jersey,
Hovnanian Enterprises, Inc. ("Hovnanian") designs, constructs and
markets single-family detached homes and attached condominium
apartments and townhouses. Homebuilding revenues for the last
twelve months ended April 30, 2017 were approximately $2.6 billion.


KALOBIOS PHARMACEUTICALS: Amends Prospectus for Resale of Shares
----------------------------------------------------------------
KaloBios Pharmaceuticals, Inc. filed with the Securities and
Exchange Commission a first amendment to its registration statement
on Form S-1 relating to the resale or other disposition, from time
to time, by entities affiliated with Black Horse Capital LP, Nomis
Bay LTD, Cortleigh Limited, H&M Ventures II LLC and Savant
Neglected Diseases, LLC or their pledgees, donees, transferees, or
other successors in interest of up to 7,347,035 shares of common
stock, par value $0.001, of KaloBios Pharmaceuticals, Inc., which
consist of (i) 7,147,035 shares of common stock issued in
connection with our emergence from bankruptcy pursuant to an April
2016 securities purchase agreement; and (ii) 200,000 shares of
common stock issuable upon the exercise of a common stock purchase
warrant, issued to Savant Neglected Diseases, LLC.

The selling stockholders may offer and sell any of the shares from
time to time in a number of different ways and at varying prices,
and may engage a broker, dealer or underwriter to sell the shares.


The Company is not selling any common stock under this prospectus
and it will not receive any of the proceeds from the sale of any
shares of common stock by the selling stockholders.  However, the
Company will generate proceeds from any cash exercise of the
warrant.  All expenses of registration incurred in connection with
this offering are being borne by the Company.  All selling and
other expenses incurred by the selling stockholders will be borne
by the selling stockholders.

The Company's common stock is listed for quotation on the OTCQB
Venture Market operated by OTC Markets Group, Inc., under the
symbol "KBIO".  On July 3, 2017, the last reported sale price per
share of the Company's common stock on the OTCQB was $1.95.   
                                                         
A full-text copy of the Form S-1/A is available for free at:

                     https://is.gd/LiJmLn

              About KaloBios Pharmaceuticals, Inc.

KaloBios Pharmaceuticals, Inc. (OTC: KBIO) --
http://www.kalobios.com/-- is an emerging biopharmaceutical  
company focused on advancing medicines for patients with neglected
and rare diseases through innovative and responsible business
models.  Lead compounds in the KaloBios portfolio are benznidazole
for the potential treatment of Chagas disease in the U.S., and the
proprietary monoclonal antibodies, lenzilumab and ifabotuzumab
(formerly KB004), for the potential treatment of various solid and
hematologic cancers such as CMML and potentially juvenile
myelomonocytic leukemia, or JMML.

KaloBios on Dec. 29, 2015, filed a voluntary petition for
bankruptcy protection under Chapter 11 of Title 11 of the United
States Bankruptcy Code (Bankr. D. Del. Case No. 15-12628).  The
Company was represented by Eric D. Schwartz of Morris, Nichols,
Arsht & Tunnell.  KaloBios emerged from Chapter 11 bankruptcy six
months later.

The Company has acquired the rights from Savant Neglected Diseases
LLC to develop benznidazole for the treatment of Chagas disease.

Kalobios reported a net loss of $27.01 million for the year ended
Dec. 31, 2016, compared to a net loss of $35.37 million for the
year ended Dec. 31, 2015.  As of March 31, 2017, Kalobios had
$6.03
million in total assets, $14.89 million in total liabilities and a
total stockholders' deficit of $8.86 million.

HORNE LLP, in Ridgeland, Mississippi, issued a "going concern"
qualification on the consolidated financial statements for the
year
ended Dec. 31, 2016, noting that the Company has recurring losses
from operations that raise substantial doubt about its ability to
continue as a going concern.


KEN'S CUSTOM: Gets Court Approval of Plan to Exit Bankruptcy
------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
approved Ken's Custom Upholstery Inc.'s plan to exit Chapter 11
protection.

The court on June 29 gave the thumbs-up to the restructuring plan
after finding that it satisfied the requirements for confirmation
under the Bankruptcy Code.

In the same filing, the court also gave approval to the disclosure
statement, which explains the plan.  

Under the restructuring plan, general unsecured creditors will be
paid 10% of their claims.  General unsecured creditors will receive
total payment of $31,295.12 to be divided among them pro rata.    

                   About Ken's Custom Upholstery

Ken's Custom Upholstery Inc. is an Illinois corporation that
operates an upholstery business in Frankfort, Illinois.  Its
customers include commercial entities such as hotels and
restaurants, and consumer customers.

Ken's Custom Upholstery filed a Chapter 11 petition (Bankr. N.D.
Ill. Case No. 16-35268) on Nov. 4, 2016.  The petition was signed
by its President, Kenneth Kovie.  The Debtor estimated assets of
less than $100,000 and liabilities of less than $500,000.

The Debtor tapped David P. Lloyd, Esq., at David P. Lloyd Ltd., as
counsel, and Eileen Carrero and Eileen Carrero Financial Services
LLC as accountant.

On May 1, 2017, the Debtor filed a disclosure statement and
proposed Chapter 11 plan of reorganization.


LA PALOMA GENERATING: Morgan Lewis Represents Unaffiliated Lenders
------------------------------------------------------------------
Certain unaffiliated lenders or 2L Group under the Second-Lien Term
Loan Credit Agreement dated as of Feb. 20, 2014, by and between La
Paloma Generating Company, LLC, SunTrust Bank (later succeeded by
Wilmington Trust, National Association), as Administrative Agent,
and the lenders party thereto, filed 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, stating that
Morgan, Lewis & Bockius LLP serves as their counsel.

In December 2016, certain members of the 2L Group retained Morgan
Lewis to represent them as a group of lenders under the Second-Lien
Credit Agreement in the case.  From time to time thereafter,
certain additional lenders under the Second-Lien Credit Agreement
have joined the 2L Group.  Upon becoming successor Administrative
Agent under the 2L CA, Wilmington Trust, National Association
joined the 2L Group in that capacity.

The members of the 2L Group (other than the Administrative Agent,
which is not a lender under the 2L CA) hold disclosable economic
interests, or act as investment advisors or managers to funds
and/or accounts and/or subsidiaries that hold disclosable economic
interests, in relation to the Debtors.  

Members of the 2L Group include:

     a. Ares Capital Corporation
        245 Park Avenue
        44th Floor
        New York, NY 10167

        Aggregate Principal Amount of
        Disclosable Economic Interests:
        $10,000,000 under LPGC Second-Lien
        Term Loan Credit Agreement

     b. Avenue Capital Management II LLP
        399 Park Avenue
        6th Floor
        New York, NY 10022

        Aggregate Principal Amount of
        Disclosable Economic Interests:
        $19,500,000 under LPGC Second-Lien
        Term Loan Credit Agreement

     c. Merrill Lynch, Pierce, Fenner & Smith Incorporated
        One Bryant Park
        3rd Floor
        New York, NY 10036

        Aggregate Principal Amount of
        Disclosable Economic Interests:
        $8,750,000 under LPGC Second-Lien
        Term Loan Credit Agreement
        $26,704,542.54 of LPAC PIK Notes
        32.64505 LPAC membership units

     d. Neuberger Berman Investment Advisers LLC
        1290 Avenue of the Americas
        New York, NY 10104

        Aggregate Principal Amount of
        Disclosable Economic Interests:
        $26,000,000 under LPGC
        Second-Lien Term Loan Credit Agreement
        $6,594,607 of LPAC PIK Notes
        20.0565 LPAC membership units

     e. Solus Alternative Asset Management LP
        410 Park Avenue
        New York, NY 10022

        Aggregate Principal Amount of
        Disclosable Economic Interests:
        $21,240,000 under LPGC
        Second-Lien Term Loan Credit Agreement
        $27,882,352.92 of LPAC PIK Notes
        23.498398489 LPAC membership units

     f. Varde Partners Incorporated
        901 Marquette Avenue
        South, Suite 3300
        Minneapolis, MN 55402

        Aggregate Principal Amount of
        Disclosable Economic Interests:
        $10,000,000 under LPGC
        Second-Lien Term Loan Credit Agreement

     g. Wilmington Trust, National Association
        as Administrative Agent
        50 South Sixth Street
        Suite 1290
        Minneapolis, MN 55402

        Aggregate Principal Amount of
        Disclosable Economic Interests:
        None

Morgan Lewis represents only the 2L Group, and does not represent
or purport to represent any other entities, in the case.  No member
of the 2L Group represents or purports to represent in any way the
interests of any other entities in the case (except to the extent
the Administrative Agent represents the interests of lenders under
the 2L CA other than the 2L Group).

Morgan Lewis can be reached at:

     MORGAN, LEWIS & BOCKIUS LLP
     Jody C. Barillare, Esq.
     The Nemours Building
     1007 North Orange Street, Suite 501
     Wilmington, Delaware 19801
     Tel: (302) 574-3000
     Fax: (302) 574-3001
     E-mail: jody.barillare@morganlewis.com

          -- and --

     Glenn E. Siegel, Esq.
     Joshua Dorchak, Esq.
     Elaine Fenna, Esq.
     MORGAN, LEWIS & BOCKIUS LLP
     101 Park Avenue
     New York, New York 10178
     Tel: (212) 309-6000
     E-mail: glenn.siegel@morganlewis.com
             joshua.dorchak@morganlewis.com
             elaine.fenna@morganlewis.com

               About La Paloma Generating Company

La Paloma Generating Company, LLC, a D.C.-based merchant power
generator, and its affiliates La Paloma Acquisition Co, LLC, and
CEP La Paloma Operating Company, LLC, filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-12700 to
16-12702) on Dec. 6, 2016.  The Hon. Christopher S. Sontchi
presides over the cases.  The petitions were signed by Niranjan
Ravindran, as authorized person.

The Debtors are represented by John J. Rapisardi, Esq., and George
A. Davis, Esq., at O'Melveny & Myers LLP, as lead bankruptcy
counsel; and Mark D. Collins, Esq., Andrew Dean, Esq., and Jason M.
Madron, Esq., at Richards, Layton & Finger, P.A., as Delaware
counsel.  Lawyers at Curtis, Mallet-Prevost, Colt & Mosle LLP serve
as conflicts counsel.  Jefferies LLC serves as the Debtors'
financial advisor and investment banker, while their claims and
noticing agent is Epiq Bankruptcy Solutions.  Alvarez & Marsal
North America, LLC, as financial advisor.

La Paloma Generating estimated $100 million to $500 million in
assets and $500 million to $1 billion in liabilities.

Maria Aprile Sawczuk has been appointed fee examiner in the
bankruptcy case.


LA PALOMA: 2nd-Lien Creditors Back Exclusivity Extension Bid
------------------------------------------------------------
The Ad Hoc Group of Second-Lien Creditors in the Chapter 11
bankruptcy case of La Paloma Generating Company, LLC, et al., a
statement in support of the Debtors' second motion to extend the
Debtors' exclusivity periods to file a plan and disclosure
statement and solicit votes on the plan, including certain points
made in the Debtors' reply in further support of the Debtors'
request.

As reported by the Troubled Company Reporter on June 7, 2017, the
Debtors request the Court to extend by 60 days their exclusive
periods to file a Chapter 11 plan and solicit acceptances for that
plan through and including Aug. 7, 2017, and Oct. 6, 2017,
respectively.

The 2L Group consists of the holders of approximately 87% of the
principal amount of $110 million, plus interest and expenses, owed
by Debtor La Paloma Generating Company LLC, as the borrower, to the
lenders party to the Second-Lien Term Loan Credit Agreement, dated
as of Feb. 20, 2014, as well as Wilmington Trust, National
Association, as successor administrative agent under the 2L CA.  La
Paloma's obligations under the 2L CA are secured by the collateral
package for which Bank of New York Mellon is the Collateral Agent
on behalf of the 2L Lenders and the 2L Agent and on behalf of LNV
Corporation, as lender, Bank of America, N.A., as administrative
agent, under the First-Lien Working Capital Agreement and
First-Lien Term Loan Agreement.

The 2L Group agrees with the Debtors the IL Lender that "a
consensual plan" is "the best path forward for these cases" at this
time.  The 2L Group agrees with the Debtors that the extension
request fosters potential consensus by permitting the Debtors to
"continue their role as a de facto mediator among LNV, the
California Air Resources Board, and the second lien creditor
constituency."  Likewise, the 2L Group believes that permitting the
1L Lender to introduce its own self-serving plan into the process
-- especially a plan that the 1L Lender proclaims to be the "only
way to break the logjam," based on a term sheet that is the "only[]
path toward a confirmable plan" – would stymie, rather than
support, constructive plan negotiations among the Debtors and their
creditors.

The 2L Group also disputes certain of the presumptions that the IL
Lender relies upon in the Objection to imply that its voice is the
only voice that deserves to be heard in these cases.  For example,
the collateral covered by the Deed of Trust referenced by the IL
Lender does not extend to the entirety of the facility, and the IL
Lender's "payover rights" under the secured parties' intercreditor
agreement does not extend to the 2L Lenders' recoveries as
unsecured creditors in these cases.  The 1L Lender's
counterproductive presumptions vis-a-vis the 2L Lenders are
consistent with their presumptions vis-a-vis CARB as described by
the Debtors.  A consensual plan remains the most efficient and
sensible goal of these cases.  

The 2L Group's counsel have had several preliminary meetings and
calls with prior Debtors' counsel and, with successor Debtors'
counsel in place (subject to court approval), the 2L Group
anticipates that more inclusive and constructive discussions will
follow, if the Debtors are given further time in which to
coordinate: that process without the distraction of a competing
plan on file that purports to be the "only" way to resolve these
cases.  

The members of the Ad Hoc Group of Second-Lien Creditors include:

     a. Ares Capital Corporation
        245 Park Avenue
        44th Floor
        New York, NY 10167
        
        Aggregate Principal Amount of Disclosable Economic         

        Interests: $10 million under LPGC Second-Lien Term Loan
                   Credit Agreement

     b. Avenue Capital Management II LLP
        399 Park Avenue
        6th Floor
        New York, NY 10022

        Aggregate Principal Amount of Disclosable Economic
        Interests: $19.50 million under LPGC Second-Lien Term Loan

                   Credit Agreement

     c. Merrill Lynch, Pierce, Fenner & Smith Incorporated
        One Bryant Park
        3rd Floor
        New York, NY 10036
        
        Aggregate Principal Amount of Disclosable Economic
        Interests: $8.75 million under LPGC Second-Lien Term Loan
                   Credit Agreement
                   $26,704,542.54 of LPAC PIK Notes
                   32.64505 LPAC membership units

     d. Neuberger Berman Investment Advisers LLC
        1290 Avenue of the Americas
        New York, NY 10104

        Aggregate Principal Amount of Disclosable Economic
        Interests: $26 million under LPGC Second-Lien Term Loan
                   Credit Agreement
                   $6,594,607 of LPAC PIK Notes
                   20.0565 LPAC membership units

     e. Solus Alternative Asset Management LP
        410 Park Avenue
        New York, NY 10022

        Aggregate Principal Amount of Disclosable Economic
        Interests: $21.24 million under LPGC Second-Lien TErm Loan

                   Credit Agreement

                   $27,882,352.92 of LPAC PIK Notes
                   23.498398489 LPAC membership units

     f. Varde Parnters Incorporated
        901 Marquette Avenue
        South, Suite 3300
        Minneapolis, MN 55402

        Aggregate Principal Amount of Disclosable Economic
        Interests: $10 million under LPGC Second-Lien Term Loan
                   Credit Agreement

     g. Wilmington Trust, National Association
        as Administrative Agent
        50 South Sixth Street
        Suite 1290
        Minneapolis, MN 55402                        

        Aggregate Principal Amount of Disclosable Economic
        Interests: None

Morgan Lewis can be reached at:

     MORGAN, LEWIS & BOCKIUS LLP
     Jody C. Barillare, Esq.
     The Nemours Building
     1007 North Orange Street, Suite 501
     Wilmington, Delaware 19801
     Tel: (302) 574-3000
     Fax: (302) 574-3001
     E-mail: jody.barillare@morganlewis.com

          -- and --
     Glenn E. Siegel, Esq.
     Joshua Dorchak, Esq.
     Elaine V. Fenna, Esq.
     MORGAN, LEWIS & BOCKIUS LLP
     101 Park Avenue
     New York, New York 10178
     Tel: (212) 309-6000
     Fax: (212) 309-6001
     E-mail: glenn.siegel@morganlewis.com
             joshua.dorchak@morganlewis.com
             elaine.fenna@morgan1ewis.com

               About La Paloma Generating Company

La Paloma Generating Company, LLC, a D.C.-based merchant power
generator, and its affiliates La Paloma Acquisition Co, LLC, and
CEP La Paloma Operating Company, LLC, filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-12700 to
16-12702) on Dec. 6, 2016.  The Hon. Christopher S. Sontchi
presides over the cases.  The petitions were signed by Niranjan
Ravindran, as authorized person.

The Debtors are represented by John J. Rapisardi, Esq., and George
A. Davis, Esq., at O'Melveny & Myers LLP, as lead bankruptcy
counsel; and Mark D. Collins, Esq., Andrew Dean, Esq., and Jason M.
Madron, Esq., at Richards, Layton & Finger, P.A., as Delaware
counsel.  Lawyers at Curtis, Mallet-Prevost, Colt & Mosle LLP serve
as conflicts counsel.  Jefferies LLC serves as the Debtors'
financial advisor and investment banker, while their claims and
noticing agent is Epiq Bankruptcy Solutions.  Alvarez & Marsal
North America, LLC, as financial advisor.

La Paloma Generating estimated $100 million to $500 million in
assets and $500 million to $1 billion in liabilities.

Maria Aprile Sawczuk has been appointed fee examiner in the
bankruptcy case.


LAST FRONTIER: Awaits Ruling on Objection to Lender's $286K Claim
-----------------------------------------------------------------
Last Frontier Realty Corporation filed with the U.S. Bankruptcy
Court for the Northern District of Texas an amended disclosure
statement dated June 23, 2017, referring to the Debtor's amended
plan of reorganization dated June 23, 2017.

Class 3 Claimant (Allowed Secured Budtime Forest Grove Homes LLC)
is impaired and will be satisfied as follows: on March 30, 2015,
the Debtor executed that certain promissory note in the original
principal amount of $250,000 in favor of Budtime Forest Grove Homes
LLC.  The Note was secured by that certain Deed Of Trust on that
certain real property located at 3117 Saturn, Garland, Texas, more
particularly described in the Deed of Trust.

Budtime has filed a proof of claim asserting an amount owed on the
Note of $286,352.75.  The Debtor believes the value of the Saturn
Property is at least $450,000.  The Debtor has filed an objection
to the Budtime proof of claim based upon, among other things, the
failure of Budtime to provide insurance on the Saturn Property
despite collecting funds from the Debtor to pay for insurance on
the Saturn Property, and the failure of Budtime to pay real
property taxes on the Saturn Property despite collecting funds from
the Debtor to pay for the taxes on the Saturn Property.  

Upon a resolution of the Budtime claim, the Debtor will pay the
allowed claim of Budtime with interest at the rate of 5% per annum
in 120 equal monthly payments commencing on the later of the
Effective Date, or 30 days after the Budtime claim becomes and
allowed claim under the Plan.  Budtime will retain its current lien
on the Saturn Property until paid in full under the Plan.  If the
Budtime Claim were allowed in the amount of the proof of claim the
monthly payment to Budtime would be approximately $3,050.  The
Debtor may pre-pay the Budtime Claim at any time without penalty.

The Debtor anticipates using the on-going business income of the
Debtor to fund the Plan.  All payments under the Plan will be made
through the Disbursing Agent.

The Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/txnb17-30454-53.pdf

As reported by the Troubled Company Reporter on July 5, 2017, the
Debtor filed with the Court a disclosure statement explaining its
plan of reorganization, dated June 23, 2017, which contemplates the
restructuring of the Debtor's current indebtedness and continuing
its operations to provide a dividend to the unsecured creditors.
Class 5 Claimants (Allowed Unsecured Claims) are impaired under the
plan.  The Debtor will pay $500 per month for the number of months
necessary to pay all allowed unsecured creditors in full with
interest at 3% per annum.

                    About Last Frontier

Last Frontier Realty Corporation, filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Tex. Case No. 17-30454) on Feb. 6, 2017,
disclosing under $1 million in both assets and liabilities.  Eric
A. Liepins, Esq., at Eric A. Liepins, P.C., serves as the Debtor's
bankruptcy counsel.


LIGHTING SCIENCE: Denis Murphy Quits as Chief Financial Officer
---------------------------------------------------------------
Denis M. Murphy notified Lighting Science Group Corporation that he
plans to resign from his position as the executive vice president
and chief financial officer of the Company.  Mr. Murphy is
resigning to pursue other opportunities and his resignation is
expected to be effective on July 24, 2017, as disclosed in a Form
8-K report filed with the Securities and Exchange Commission.

                      About Lighting Science

Lighting Science Group Corporation is a provider of light emitting
diode (LED) lighting technology.  The Company designs, develops,
manufactures and markets illumination solutions that use LEDs as
exclusive light source.  The Company's product portfolio includes
offerings, such as replacement lamps, luminaires and biological
lighting.  LED-based retrofit lamps (replacement bulbs) are used in
existing light fixtures, as well as LED-based luminaires (light
fixtures).

Lighting Science reported a net loss of $20.21 million for the year
ended Dec. 31, 2016, compared to a net loss of $27.08 million for
the year ended Dec. 31, 2015.  As of March 31, 2017, Lighting
Science had $27.30 million in total assets, $51.39 million in total
liabilities, $563.99 million in preferred stock and a total
stockholders' deficit of $588.09 million.


LONG BEACH MEDICAL: Aug. 16 Hearing to Confirm 1st Amended Plan
---------------------------------------------------------------
The United States Bankruptcy Court for the Eastern District of New
York on June 29, 2017, entered an Order pursuant to which the
Court:

     (a) authorized Long Beach Medical Center and its
debtor-affiliates to solicit acceptances for the First Amended
Joint Plan of Liquidation;

     (b) approved procedures for soliciting, receiving and
tabulating votes on the Plan and for filing objections to the Plan;


     (c) approved the First Amended Disclosure Statement explaining
the First Amended Joint Plan of Liquidation;

     (d) approved other related procedures and relief.

The hearing at which the Bankruptcy Court will consider
confirmation of the Plan will commence at 2:00 p.m. prevailing
Eastern Time, on August 16, 2017 before the Honorable Alan S.
Trust, United States Bankruptcy Judge, in the United States
Bankruptcy Court for the Eastern District of New York, located at
the Alfonse M. D'Amato Federal Courthouse, 290 Federal Plaza,
Courtroom 960, Central Islip, New York 11722.

The voting record date is June 29, 2017, which is the date for
determining which Holders of Claims in LBMC Classes 1, 4, 5, and 6,
and Komanoff Classes 1, 4, 5, and 6 of the Plan are entitled to
vote on the Plan.

The deadline for voting on the Plan is August 7, 2017 at 4:00 p.m.,
prevailing Eastern Time.

In 2014, the Debtors consummated the sale of substantially all of
their assets in two separate transactions, one to South Nassau
Communities Hospital, and the other to MLAP Acquisition I, LCC and
MLAP Acquisition II, LLC.

SNCH acquired the Long Beach Medical Center for $10.25 million,
subject to certain assumptions and adjustments.  The closing of the
Sale to SNCH was effective as of on October 17, 2014.  The LBMC
Assets sold to SNCH primarily consisted of (1) a hospital facility,
(2) an adjacent parking lot, (3) the FACTS Center and (4) the
Offsite Premises.  After applying the closing proceeds to pay back
certain obligations, including a $4.5 million DIP financing
facility from SNCH, and setting aside certain amounts for carve
outs, the net proceeds of the LBMC sale were $3,160,329.37 for
LBMC's real property assets, $1.25 million for the sale of
Avoidance Actions, and $500,000 for the sale of LBMC's furniture,
fixtures, and equipment.

MLAP acquired the Long Beach Memorial Nursing Home, Inc. d/b/a/ The
Komanoff Center for Geriatric and Rehabilitative Medicine for $15.6
million in cash consideration, assumption of $1.1 million in
healthcare program related liabilities, and assumption of paid time
off and severance obligations for Komanoff employees.  The asset
purchase agreement was later revised to reflect (i) an increased
purchase price of $15.825 million, if a certificate of need or CON
was approved by Department of Health for all 200 beds in connection
with the Komanoff Sale; (ii) a per-bed credit of $81,500 against
the increased purchase price if a CON was approved by DOH for less
than 200 beds, but more than 150 beds; (iii) an additional per bed
credit of $77,000 for each bed under 150 beds not approved by DOH;
(iv) the limited use by MLAP, as receiver, of up to $785,000 of
pre-receivership accounts receivable, which receivables were to be
repaid to Komanoff.

The sale of the Komanoff Assets closed on August 29, 2016.  In
addition to the $1.23 million MLAP previously paid as a deposit,
after applying the closing proceeds to pay back certain
obligations, including $800,000 in obligations under the DIP
facility with MLAP, the Debtors received $9,719,085 at closing.
Pursuant to a Sale Stipulation between the Debtors and SNCH, a
portion of the Komanoff Sale proceeds were used to satisfy
$2,216,259.10 in outstanding SNCH Pre-Petition Obligations and the
$450,000 Termination Fee, thereby satisfying such obligations in
full.

Objections to the Plan are also due August 7 and must be served
to:

     (a) counsel to the Debtors:

         Burton S. Weston, Esq.
         Adam T. Berkowitz, Esq.
         Phillip Khezri, Esq.
         Garfunkel Wild, P.C.
         111 Great Neck Road
         Great Neck, New York 11021

     (b) counsel to the Committee:

         Sean C. Southard, Esq.
         Fred Stevens, Esq.
         Lauren C. Kiss, Esq.
         Klestadt Winters Jureller Southard & Stevens, LLP
         200 West 41st Street, 17th Floor
         New York, New York 10036

     (c) the Office of the United States Trustee:

         Alfred M. Dimino
         Alfonse D'Amato Federal Courthouse
         560 Federal Plaza
         Central Islip, NY 11722

                About Long Beach Medical Center

Long Beach Medical Center, formerly Long Beach Memorial Hospital,
was a 162-bed, community-based hospital offering primary, acute,
emergency and long-term health care to residents of Long Beach,
New
York.  Founded in 1922, LBMC was a teaching facility for the New
York College of Osteopathic Medicine.  LBMC was shut down after
superstorm Sandy devastated the hospital in October 2012.

Long Beach Memorial Nursing Home Inc, runs the The Komanoff Center
for Geriatric and Rehabilitative Medicine, a 200-bed skilled
nursing facility affiliated with LBMC. It provides services for
residents requiring long term nursing home care and short term
post-acute (sub-acute) care.  Currently there are 127 residents of
Komanoff.

Long Beach Medical Center and Long Beach Memorial Nursing Home
dba The Komanoff Center for Geriatric and Rehabilitative
Medicine, sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y.
Case Nos. 14-70593 and 14-70597) on Feb. 19, 2014.

Long Beach Medical Center scheduled $17,400,606 in total assets
and
$84,512,298 in total liabilities.

Garfunkel Wild P.C. serves as the Debtors' counsel. GCG, Inc., is
the Debtors' claims and noticing agent.  The Hon. Alan S. Trust
presides over the cases.

The U.S. Trustee has appointed three members to the official
committee of unsecured creditors.  The panel retained Klestadt &
Winters, LLP, led by Sean C. Southard, Esq., as counsel.

                          *     *     *

The Debtors have consummated the sale of substantially all of their
assets in two separate transactions, one to South Nassau
Communities Hospital (LBMC assets), and the other to MLAP
Acquisition I, LCC and MLAP Acquisition II, LLC (Komanoff assets).


The Debtors have filed a joint plan of liquidation to implements
the distribution of the respective sales proceeds to holders of
Allowed Claims against each Debtor's Estate, and provides for
liquidation of any remaining assets.  The Plan does not provide for
the substantive consolidation of the Debtors'  Estates, and the
Debtors' Estates shall not be substantively consolidated for any
reason.


MARKHAM, IL: S&P Puts 'BB' GO Debt Rating on CreditWatch Negative
-----------------------------------------------------------------
S&P Global Ratings Services placed its 'BB' long-term and
underlying ratings on Markham, Ill.'s existing general obligation
(GO) debt on CreditWatch with negative implications.

"This action follows repeated attempts by S&P Global to obtain
timely information of satisfactory quality to maintain our rating
on the securities in accordance with our applicable criteria and
policies," said S&P Global Ratings credit analyst Helen Samuelson.
"Failure to receive the requested information by July 20, 2017 will
likely result in our withdrawal of the affected rating, preceded,
in accordance with our policies, by any change to the rating that
we consider appropriate given available information," Ms. Samuelson
added.


MCCLATCHY CO: Contrarius Holds 6.36% of Class A Common Shares
-------------------------------------------------------------
Contrarius Investment Management Limited and Contrarius Investment
Management (Bermuda) Limited reported that as of June 30, 2017,
they beneficially own 329,554 shares of Class A common stock of The
McClatchy Company representing 6.36% of the shares outstanding.  A
full-text copy of the amended Schedule 13G is available for free at
https://is.gd/Eic4xb

                        About McClatchy

The McClatchy Company -- http://www.mcclatchy.com/-- is publisher
of iconic brands such as the Miami Herald, The Kansas City Star,
The Sacramento Bee, The Charlotte Observer, The (Raleigh) News &
Observer, and the (Fort Worth) Star-Telegram.  McClatchy operates
30 media companies in 29 U.S. markets in 14 states, providing each
of its communities with high-quality news and advertising services
in a wide array of digital and print formats.  McClatchy is
headquartered in Sacramento, Calif., and listed on the New York
Stock Exchange under the symbol MNI.

McClatchy reported a net loss of $34.19 million for the year ended
Dec. 25, 2016, compared to a net loss of $300.16 million for the
year ended Dec. 27, 2015.  As of March 26, 2017, McClatchy had
$1.74 billion in total assets, $1.72 billion in total liabilities
and $21.72 million in total stockholders' equity.

                          *     *     *

McClatchy continues to hold Moody's Investors Service's "Caa1"
long-term corporate family ratings (not on watch).  Moody's in
December 2015 affirmed the Caa1 corporate family  rating rating and
changed the rating outlook to stable from positive due to continued
weakness in the print advertising market and the ongoing pressure
on the company's operating cashflow.

McClatchy continues to hold Standard & Poor's "B-" long-term issuer
credit ratings (Outlook stable).  As reported by the TCR on April
2, 2014, S&P affirmed all ratings on McClatchy. including the 'B-'
corporate credit rating, and revised the rating outlook to stable
from positive.  The outlook revision to stable reflected S&P's
expectation that the timeframe for a potential upgrade lies beyond
the next 12 months, and could also depend on the company realizing
value from its digital minority interests.


MESOBLAST LIMITED: Plans to Sell $180M American Depositary Shares
-----------------------------------------------------------------
Mesoblast Limited filed with the Securities and Exchange Commission
a Form F-3 registration statement relating to the offering of
ordinary shares in the form of American Depositary Shares, or ADSs,
from time to time in one or more offerings in such amounts, at
prices and on terms to be determined at or prior to the time of the
offering, with a proposed maximum aggregate offering price of
$180,000,000.

The Company may offer the ADSs through underwriting syndicates
managed or co-managed by one or more underwriters or dealers,
through agents or directly to investors, on a continuous or delayed
basis.  The supplement to this prospectus for each offering of ADSs
will describe in detail the plan of distribution for that
offering.

The ADSs are listed on the Nasdaq Global Select Market under the
symbol "MESO".  The Company's ordinary shares are listed on the
Australian Securities Exchange under the symbol "MSB".

A full-text copy of the preliminary prospectus is available at:

                     https://is.gd/lP5TnA

                      About Mesoblast Ltd.

Melbourne, Australia-based Mesoblast Limited (ASX:MSB; Nasdaq:MESO)
develops cell-based medicines.  The Company has leveraged its
proprietary technology platform, which is based on specialized
cells known as mesenchymal lineage adult stem cells, to establish a
broad portfolio of late-stage product candidates.  Mesoblast's
allogeneic, 'off-the-shelf' cell product candidates target advanced
stages of diseases with high, unmet medical needs including
cardiovascular diseases, immune-mediated and inflammatory
disorders, orthopedic disorders, and oncologic/hematologic
conditions.

Mesoblast reported a loss before income tax of $90.82 million for
the year ended June 30, 2016, compared to a loss before income tax
of $96.24 million for the year ended June 30, 2015.  

As of Dec. 31, 2016, Mesoblast had $660.9 million in total
assets, $150.4 million in total liabilities, and $510.51 million
in total equity.

PricewaterhouseCoopers, in Melbourne, Australia, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2016, citing that the Company has suffered
recurring losses from operations that raise substantial doubt about
its ability to continue as a going concern.


MIDCONTINENT COMMUNICATION: Moody's Cuts Sr Sec. Debt Rating to Ba2
-------------------------------------------------------------------
Moody's Investors Service has downgraded Midcontinent
Communication's senior secured instrument-level rating to Ba2 from
Ba1 following the company's refinancing of its $250 million 6.25%
notes due 2021. To fund the transaction, the company will draw $50
million on an upsized $300 million revolving credit facility,
upsize its existing $285 million Term Loan B to $385 million, and
upsize the 6.875% senior notes due 2023 from $425 million to $525
million. Proceeds from the transaction will save the company
approximately $3.4 million in interest annually.

Midco's B1 Corporate Family Rating (CFR), B1-PD Probability of
Default Rating, and B3 (LGD 5) senior unsecured instrument level
ratings are affirmed. The outlook remains stable.

A summary of action follows:

Downgrades:

Issuer: Midcontinent Communications

-- Senior Secured Bank Credit Facility, Downgraded to Ba2 (LGD 2)

    from Ba1 (LGD 2)

Affirmations:

Issuer: Midcontinent Communications

-- Probability of Default Rating, Affirmed B1-PD

-- Corporate Family Rating, Affirmed B1

-- GTD Senior Unsecured Regular Bond/Debenture, Affirmed B3 (LDG
    5)

Outlook Actions:

Issuer: Midcontinent Communications

-- Outlook, Remains Stable

RATINGS RATIONALE

The B1 Corporate Family Rating (CFR) reflects Midcontinent
Communication's small scale, elevated leverage (4.9x total debt to
EBITDA, including Moody's adjustments as of March 31, 2017), and
diminished liquidity with positive but limited free cash flows over
the next 12-18 months due primarily to higher capital expenditures
for ongoing network upgrades and expansion projects. Moody's
anticipate higher free cash flow in 2017 as investments normalize
and the investments yield returns. In addition, the company's
rating is constrained by unfavorable sector trends with video
subscribers declining as established and new streaming competitors
capture market share with less expensive offerings over more
advanced digital delivery systems and mobile devices. Midcontinent
is also uniquely exposed to economic stress from the collapse in
oil prices being located in North Dakota with almost 10% of its
subscribers living and working in the oil-rich Bakken region. Its
dependence on small and medium-sized businesses (SMBs) for growth
poses risks as they tend to be more vulnerable during periods of
economic stress. Offsetting the risk factors, the rating is
supported by a very stable and predictable business model with very
strong demand drivers in residential and commercial broadband (also
High Speed Data or HSD), positioning the company for annual revenue
growth in the high single digits. This is an important ballast for
the company, as the company's focus on broadband is expected to
neutralize lost video revenue. Moody's also views Comcast
Corporation's (A3 stable) 50% ownership of the company positively,
which yields an unusually favorable costs structure for a small,
rural cable operator. This benefit reduces the company's exposure
to the escalating exposure to the rise in programming costs and
protects its EBITDA margins which are very good given the company's
size and market position.

The stable rating outlook incorporates expectations for high single
digit growth in revenue and EBITDA, video subscriber losses in the
low single digits more than fully offset by high single digit
growth in broadband subscribers, stable EBITDA margins, and thin to
negative free cash flows including the expansionary CAPEX.

Moody's would consider an upgrade to the company's CFR if leverage
were sustained at or below 3.5x (Moody's adjusted), and free cash
flow as a percentage of debt was in the high single-digit range
(Moody's adjusted). Moody's would consider a downgrade if leverage
were sustained above 5.5x (Moody's adjusted), or free cash flow is
negative on a sustained basis.

Headquartered in Sioux Falls, South Dakota, Midcontinent
Communications provides video, high speed data, and voice services
to residential and commercial customers in the states of North
Dakota, South Dakota, Minnesota, Kansas, and Wisconsin. Through a
partnership arrangement, Comcast Corporation (A3 stable) owns a 50%
common equity interest in Midcontinent. Pro forma for the
transaction, revenue for the last twelve months ended March 31,
2017 was approximately $536 million.

The principal methodology used in these ratings was Global Pay
Television - Cable and Direct-to-Home Satellite Operators published
in January 2017.


MUSCLEPHARM CORP: Wynnefield Holds 10.6% Equity Stake as of July 7
------------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, the Wynnefield Reporting Persons disclosed that they
beneficially owned in the aggregate 1,631,305 shares of Common
Stock, constituting approximately 10.6% of the outstanding shares
of Common Stock as of July 7, 2017.  The percentage of shares of
Common Stock reported as being beneficially owned by the Wynnefield
Reporting Persons is based upon 15,337,230 shares outstanding as of
May 1, 2017, as set forth in MusclePharm Corp.'s Quarterly Report
on Form 10-Q for the quarter ended March 31, 2017, filed with the
SEC on May 12, 2017.

                                               Percentage of
                                Number of       Outstanding        
         
  Name                         Common Stock     Common Stock
  ----                         ------------    --------------
Wynnefield Partners Small        751,761             4.9%
Cap Value, L.P.

Wynnefield Partners Small        483,213             3.2%
Cap Value, L.P

Wynnefield Small Cap Value       356,331             2.3%      
Offshore Fund, Ltd.

Wynnefield Capital, Inc.          40,000             0.3%
Profit Sharing Plan

Wynnefield Capital               1,234,974           8.1%
Management, LLC

Wynnefield Capital, Inc.         356,331             2.3%

Nelson Obus                      1,631,305          10.6%

Joshua Landes                    1,631,305          10.6%

WCM is the sole general partner of Wynnefield Partners and
Wynnefield Partners I and, accordingly, may be deemed to be the
indirect beneficial owner of the Common Stock that Wynnefield
Partners and Wynnefield Partners I beneficially own.  WCM, as the
sole general partner of Wynnefield Partners and Wynnefield Partners
I, has the sole power to direct the voting and disposition of the
Common Stock that Wynnefield Partners and Wynnefield Partners I
beneficially own.  Messrs. Obus and Landes are the co-managing
members of WCM and, accordingly, each of Messrs. Obus and Landes
may be deemed to be the indirect beneficial owner of the Common
Stock that WCM may be deemed to beneficially own.  Each of Messrs.
Obus and Landes, as co-managing members of WCM, share the power to
direct the voting and disposition of the shares of Common Stock
that WCM may be deemed to beneficially own.

WCI is the sole investment manager of Wynnefield Offshore and,
accordingly, may be deemed to be the indirect beneficial owner (as
that term is defined under Rule 13d-3 under the Exchange Act) of
the Common Stock that Wynnefield Offshore beneficially owns. WCI,
as the sole investment manager of Wynnefield Offshore, has the sole
power to direct the voting and disposition of the Common Stock that
Wynnefield Offshore beneficially owns.  Messrs. Obus and Landes are
executive officers of WCI and, accordingly, each may be deemed to
be the indirect beneficial owner (as that term is defined under
Rule 13d-3 under the Exchange Act) of the Common Stock that WCI may
be deemed to beneficially own.  Messrs. Obus and Landes, as
executive officers of WCI, share the power to direct the voting and
disposition of the shares of Common Stock that WCI may be deemed to
beneficially own.

The Wynnefield Profit Plan is an employee profit sharing plan.  Mr.
Obus and Mr. Landes are co-trustees of the Wynnefield Profit Plan
and have the authority to direct the voting and the disposition of
the shares of Common Stock that the Wynnefield Profit Plan
beneficially owns.  Accordingly, Mr. Obus and Mr. Landes may be
deemed to be the indirect beneficial owners (as that term is
defined under Rule 13d-3 under the Exchange Act) of the shares of
Common Stock that the Wynnefield Profit Plan may be deemed to
beneficially own.

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

                     https://is.gd/saOmmD

                       About MusclePharm

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

MusclePharm reported a net loss of $3.47 million on $132.5 million
of net revenue for the year ended Dec. 31, 2016, compared to a net
loss of $51.85 million on $166.9 million of net revenue for the
year ended Dec. 31, 2015.  The Company's balance sheet at March 31,
2017, showed $31.11 million in total assets, $38.52 million in
total liabilities and a total stockholders' deficit of $7.41
million.


NAVIDEA BIOPHARMACEUTICALS: Files 2016 Conflict Minerals Report
---------------------------------------------------------------
Navidea Biopharmaceuticals, Inc. has evaluated its current product
line to determine whether it manufactures or contracts to
manufacture any products for which columbite-tantalite (colta),
cassiterite, gold, wolframite, or their derivatives are necessary
to the functionality of the product.  The Company has determined
that its Tc 99m tilmanocept product (the Covered Product) contains
tin, a derivative metal from the mineral cassiterite.

The Company has conducted a reasonable country of origin inquiry
(RCOI) as required by the Dodd-Frank Wall Street Reform and
Consumer Protection Act.  The Company's RCOI consisted of
submitting inquiries to its supplier of the Covered Product.  The
Company has relied on the certification from an upstream supplier
of its supplier that the tin used in the Covered Product did not
originate from the Democratic Republic of Congo or an adjoining
country.  The Company has no reason to believe that this
certification is inaccurate. Accordingly, the Company has
determined that the tin contained in the Covered Product did not
originate from the Democratic Republic of Congo or an adjoining
country.

A copy of this Conflict Minerals Disclosure is publicly available
at www.navidea.com under "Investors," then "Conflict Minerals
Disclosure."  

                          About Navidea

Navidea Biopharmaceuticals, Inc., is a biopharmaceutical company
focused on the development and commercialization of precision
immunodiagnostic agents and immunotherapeutics.  Navidea is
developing multiple precision-targeted products based on its
Manocept platform to help identify the sites and pathways of
undetected disease and enable better diagnostic accuracy, clinical
decision-making, targeted treatment and, ultimately, patient care.

Navidea reported a net loss of $14.30 million on $21.96 million of
total revenue for the year ended Dec. 31, 2016, a net loss of
$27.56 million on $13.24 million of total revenue for the year
ended Dec. 31, 2015, and a net loss of $35.72 million on $6.27
million of total revenue for the year ended Dec. 31, 2014.

As of March 31, 2017, Navidea had $32.92 million in total assets,
$10.56 million in total liabilities and $22.36 million in total
stockholders' equity.

"Based on our projected cash burn for the next twelve months, we
believe that substantial doubt about the Company's financial
position and ability to continue as a going concern has been
mitigated due to the Company's efforts achieved, and planned, in
reducing salaries and facilities expenses and our considerable
discretion over the extent of development project expenditures that
are included in the current budget.  Although we could still be
required to pay up to an additional $7 million to CRG depending
upon the outcome of the Texas litigation, the Company's management
believes that the Company will be able to continue as a going
concern for at least twelve months following the issuance of this
Quarterly Report on Form 10-Q," the Company said in its quarterly
report for the period ended March 31, 2017.


NET ELEMENT: Board Elects Committee Members to Fill Vacancies
-------------------------------------------------------------
The Board of Directors of Net Element, Inc. nominated and elected
independent directors to fill in the vacancies on the Audit
Committee, Compensation Committee and Nominating and Corporate
Governance Committee of the Board of Directors, which vacancies
resulted from the resignation, effective June 30, 2017, of William
Healy.

The independent directors elected to different posts are:

    (i) James Caan was elected, effective June 30, 2017, to serve
        as a member of the Audit Committee and the Compensation
        Committee;

   (ii) Drew Freeman was elected, effective June 30, 2017, to
        serve as (A) a member of the Nominating and Corporate
        Governance Committee and (B) a new Chairman of the
        Compensation Committee;

  (iii) Howard Ash was elected, effective June 30, 2017, to serve
        as new Chairman of the Nominating and Corporate Governance

        Committee.

The Chairman of any committee of the Board (other than the Audit
Committee) receives an annual retainer of $15,000, each member of
the Audit Committee receives a supplemental annual retainer of
$5,000, and each member of any other committee of the Board
receives a supplemental annual retainer of $2,500.  In addition,
each independent director receives an annual award of such number
of shares of Common Stock equal to $15,000 (pro rated for any
partial calendar year for which a director serves).

Mr. Healy's notice of resignation was previously disclosed in the
Company's Current Report on Form 8-K filed with the U.S. Securities
and Exchange Commission on June 9, 2017.

                      About Net Element

Miami, Fla.-based Net Element International, Inc., formerly Net
Element, Inc., is a global financial technology and value-added
solutions group that supports companies in accepting electronic
payments in an omni-channel environment that spans across
point-of-sale (POS), e-commerce and mobile devices.

Net Element reported a net loss of $13.61 million on $54.28 million
of total revenues for the 12 months ended Dec. 31, 2016, compared
to a net loss of $13.32 million on $40.23 million of total revenues
for the 12 months ended Dec. 31, 2015.  As of March 31, 2017, Net
Element had $22.98 million in total assets, $19.53 million in total
liabilities, and $3.45 million in total stockholders' equity.

Daszkal Bolton LLP's report on the Company's consolidated financial
statements for the year ended Dec. 31, 2016, contains an
explanatory paragraph expressing substantial doubt as to the
Company's ability to continue as a going concern.  The independent
auditors stated that the Company's recurring losses from operations
and working capital and accumulated deficits raise substantial
doubt about its ability to continue as a going concern.


NET ELEMENT: Inks $10M Securities Purchase Pact with Cobblestone
----------------------------------------------------------------
Net Element, Inc. entered into a common stock purchase agreement
with Cobblestone Capital Partners LLC which provides that, upon the
terms and subject to the conditions and limitations set forth
therein, Cobblestone Capital is committed to purchase up to an
aggregate of $10 million of shares of the Company's common stock
over the 30-month term of the Purchase Agreement.  Concurrently
with entering into the Purchase Agreement, the Company also entered
into a registration rights agreement with Cobblestone Capital, in
which the Company agreed to file one or more registration
statements, as permissible and necessary to register under the
Securities Act of 1933, as amended, registering the sale of the
shares of the Company's common stock that will and may be issued to
Cobblestone Capital under the Purchase Agreement.

Under the Purchase Agreement, after the Securities and Exchange
Commission declares effective the registration statement referred
to above, on any trading day selected by the Company, the Company
has the right, in its sole discretion, to present Cobblestone
Capital with a purchase notice, directing Cobblestone Capital (as
principal) to purchase up to 200,000 shares of the Company's common
stock per business day, up to $10 million of the Company's common
stock in the aggregate at a per share price equal to the lesser
of:

    * the consolidated closing bid price of the Company's common
      stock established by the Nasdaq Capital Market on the
      purchase date; or

    * the arithmetic average of the 3 lowest consolidated closing
      bid prices for the Company's common stock during the 10
      consecutive trading days ending on the trading day
      immediately preceding the purchase date.

However, no Regular Purchase may exceed $1 million per business
day.  The number of shares for each Regular Purchase may be
increased to up to 750,000 shares if the consolidated closing bid
price of shares of our common stock is not below $0.50 per share on
the date of the applicable Purchase Notice and to up to 1,000,000
shares if the consolidated closing bid price of shares of our
common stock is not below $1.00 per share on the date of the
applicable Purchase Notice.  The number of shares for each Regular
Purchase may be decreased by 50% in the event the Company is
delisted from the Nasdaq Capital Market.

In addition, on any date on which the Company submits a Purchase
Notice to Cobblestone Capital and our stock price is not less than
$0.25 per share, the Company also has the right, in its sole
discretion, to present Cobblestone Capital with a volume-weighted
average price purchase notice directing Cobblestone Capital to
purchase on the next trading day an amount of stock to not exceed
the lesser of (i) 2 times the maximum number of shares allowed to
be sold for a Regular Purchase with applicable consolidated closing
bid prices or (ii) 20% of the trading volume of the Common Stock on
the business day following VWAP Purchase Notice.  The purchase
price per share pursuant to such VWAP Purchase Notice is the lesser
of (i) the consolidated closing bid price of Common Stock on the
VWAP Purchase Date; or (ii) 95% of volume weighted average price
for the Common Stock on the VWAP Purchase Date.

The Purchase Price and VWAP Purchase Price will be adjusted for any
reorganization, recapitalization, non-cash dividend, stock split,
reverse stock split, or other similar transaction occurring during
the periods used to compute the Purchase Price and VWAP Purchase
Price.  The Company may deliver multiple Purchase Notices and VWAP
Purchase Notices to Cobblestone Capital from time to time during
the term of the Purchase Agreement, so long as the most recent
purchase has been completed.

The Purchase Agreement provides that the Company and Cobblestone
Capital will not effect any sales under the Purchase Agreement on
any purchase date where the consolidated closing bid price of the
Company's common stock is less than $0.25.  There are no trading
volume requirements or restrictions under the Purchase Agreement,
and the Company will control the timing and amount of sales of the
Company's common stock to Cobblestone Capital.  Cobblestone Capital
has no right to require any sales by the Company, but is obligated
to make purchases from the Company as directed by the Company in
accordance with the Purchase Agreement.

In addition, the total number of shares of common stock that may be
issued under Purchase Agreement, including the Commitment Shares,
will be limited the number of shares of Company common stock that
equals 19.99% of the Company's outstanding shares of common stock
as of the date of the Purchase Agreement, unless stockholder
approval is obtained to issue more than such 19.99%.  The Exchange
Cap will be adjusted for any stock dividend, stock split, reverse
stock split or similar transaction.  

The foregoing limitation will not apply if stockholder approval has
not been obtained and at any time the Exchange Cap is reached and
at all times thereafter the average price paid for all shares of
Company common stock issued under the Purchase Agreement is equal
to or greater than a price equal to the consolidated closing bid
price of the Company common stock on the date of the Purchase
Agreement.  In no event will the Company be required or permitted
to issue any shares of its common stock under the Purchase
Agreement if such issuance would violate the rules or regulations
of the Nasdaq Capital Market.

The Company will not issue any shares of its common stock under
Purchase Agreement if such shares proposed to be issued and sold,
when aggregated with all other shares of the Company common stock
then owned beneficially (as calculated pursuant to Section 13(d) of
the Exchange Act and Rule 13d-3 promulgated thereunder) by
Cobblestone Capital and its affiliates would result in the
beneficial ownership by Cobblestone Capital and its affiliates of
more than 9.99% of the then issued and outstanding shares of the
Company common stock.

There are no limitations on use of proceeds, financial or business
covenants, rights of first refusal, participation rights, penalties
or liquidated damages in the Purchase Agreement.

There are no restrictions on future fundings other than the Company
agreed that during the lesser of (i) 30 months from the date of the
Purchase Agreement or (ii) the period when Cobblestone Capital
still owns the shares of Common Stock issued to Cobblestone Capital
under the Purchase Agreement, the Company will not, without consent
of Cobblestone Capital, issue any floating conversion rate or
variable priced securities convertible into Common Stock if such
convertible securities shall have no floor price associated
therewith (excluding any at-the-market offerings with a registered
broker-dealer).

In consideration for entering into the Purchase Agreement, upon the
earlier of (i) on or 1 business day after the SEC declares
effective the registration statement referred to the Purchase
Agreement or (ii) six months after the date of the Purchase
Agreement, the Company will issue to Cobblestone Capital such
number of shares of Common Stock that would have a value equivalent
to $200,000 calculated using the average of volume weighted average
price for the Common Stock during the 3 trading days period
immediately preceding the date of issuance of such shares.  Under
the Purchase Agreement, the Commitment Shares are deemed to have
been vested and earned as of the date the Purchase Agreement was
executed.  The Purchase Agreement may be terminated by the Company
at any time, at its discretion, without any cost to the Company.
Cobblestone Capital has agreed that neither it nor any of its
agents, representatives and affiliates shall engage in any direct
or indirect short-selling or hedging of the Company's common stock
during any time prior to the termination of the Purchase
Agreement.

Any proceeds from the Company receives under the Purchase Agreement
are expected to be used for working capital and general corporate
purposes.

                     About Net Element

Miami, Fla.-based Net Element International, Inc., formerly Net
Element, Inc., is a global financial technology and value-added
solutions group that supports companies in accepting electronic
payments in an omni-channel environment that spans across
point-of-sale (POS), e-commerce and mobile devices.

Net Element reported a net loss of $13.61 million on $54.28 million
of total revenues for the 12 months ended Dec. 31, 2016, compared
to a net loss of $13.32 million on $40.23 million of total revenues
for the 12 months ended Dec. 31, 2015.  As of March 31, 2017, Net
Element had $22.98 million in total assets, $19.53 million in total
liabilities, and $3.45 million in total stockholders' equity.

Daszkal Bolton LLP's report on the Company's consolidated financial
statements for the year ended Dec. 31, 2016, contains an
explanatory paragraph expressing substantial doubt as to the
Company's ability to continue as a going concern.  The independent
auditors stated that the Company's recurring losses from operations
and working capital and accumulated deficits raise substantial
doubt about its ability to continue as a going concern.


NEW ENGLAND ORTHOTIC: Case Summary & Largest Unsecured Creditors
----------------------------------------------------------------
Affiliated entities that simultaneously filed Chapter 11
petitions:

    Debtor                                            Case No.
    ------                                            --------
    NEOPS Holdings, LLC                               17-31017
    16 Commercial Street
    Branford, CT 06405

    New England Orthotic and Prosthetic Systems, LLC  17-31018
    16 Commercial Street
    Branford, CT 06405

    New England O&P New York, Inc.                    17-31019

    Bergman Orthotics & Prosthetic, LLC               17-31020

    Spinal Orthotic Systems, LLC                      17-31021

    Carlow Orthopedic & Prosthetic, Inc.              17-31022

Business Description: New England Orthotic and Prosthetic Systems,

                      LLC (NEOPS) -- http://neops.net/-- is a
                      provider of state-of-the-art orthotic and
                      prosthetic patient care products and
                      services in the eastern United States.  The
                      partnership was founded by certified
                      orthotists and prosthetists who were
                      dissatisfied with large impersonal
                      corporations where the constant pressures of
                      consolidation and cost containment can
                      hamper effective patient care.

Chapter 11 Petition Date: July 11, 2017

Court: United States Bankruptcy Court
       District of Connecticut (New Haven)

Judge: Hon. Ann M. Nevins

Debtors' Counsel: James Berman, Esq.
                  ZEISLER & ZEISLER, P.C.
                  10 Middle Street, 15th Floor
                  Bridgeport, CT 06604
                  Tel: (203) 368-4234
                  E-mail: jberman@zeislaw.com

                    - and -

                  Joanna M. Kornafel, Esq.
                  ZEISLER & ZEISLER, P.C.
                  10 Middle St., 15th Floor
                  Bridgeport, CT 06604
                  Tel: 203-368-5465
                  Fax: 203-549-0938
                  E-mail: jkornafel@zeislaw.com

                                   Estimated   Estimated
                                    Assets    Liabilities
                                  ----------  -----------
NEOPS Holdings, LLC                $1M-$10M    $10M-$50M
New England Orthotic               $0-$50K     $1M-$10M

The petitions were signed by David Mahler, president and CEO.

NEOPS Holdings' top 20 largest unsecured creditors has a single
entry: F.N.B. Capital Partners, L.P., with an estimated unsecured
claim of $1.

New England Orthotic's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/ctb17-31018.pdf

A full-text copy of NEOPS Holdings' petition is available at:

          http://bankrupt.com/misc/ctb17-31017.pdf


NOVABAY PHARMACEUTICALS: Finance Veteran McGovern Joins as CFO
--------------------------------------------------------------
NovaBay Pharmaceuticals, Inc., announced that Jack McGovern will
join the company as chief financial officer as of July 17, 2017.
Current CFO Thomas (Tom) Paulson, a 40-year healthcare finance
veteran, will continue with NovaBay through his retirement at the
end of the year and will lead NovaBay's annual strategic planning
process, oversee investor relations activities and ensure a smooth
transition to Mr. McGovern.

Mr. McGovern has more than 30 years of experience in finance and
operations, primarily in the San Francisco Bay Area.  Since 2013 he
was chief operating officer and CFO of Attainia, Inc., a SaaS-based
provider of planning solutions for the healthcare industry recently
sold to a private equity firm.  Previously, for eight years he was
managing partner at Northshore Management Partners, a consultancy
with an emphasis on accounting systems and reporting, financial
capitalization and structuring, and operational enhancements.
Earlier he was COO/CFO at Integrated Biosystems, a venture-stage
company in France; executive vice president at Strategic Capital,
Inc., a boutique investment bank with a focus on M&A; and COO/CFO
of Oliver-Allen Corp., a computer leasing company.  He began his
career as an auditor at KPMG.

"Jack brings to NovaBay valuable experience in raising capital,
managing growth to sustained profitability and project management,
as well as considerable financial acumen.  He has worked at
emerging companies and has consulted to numerous firms facing
similar opportunities as those we have at NovaBay.  He is adept
with accounting systems, SEC reporting, budgeting, forecasting and
operational enhancements.  We are delighted to welcome Jack to
NovaBay and look forward to his role in supporting our projected
growth," said Mark M. Sieczkarek, NovaBay's president and CEO.

"On behalf of my colleagues and the NovaBay Board of Directors, I'd
like to thank Tom for nearly a decade of service and dedication to
our company and to our stockholders.  He played an important role
in transitioning NovaBay from an R&D and clinical focused
organization to a commercial entity posting consistent
year-over-year record sales of Avenova.  He also has been critical
to various successful fundraisings while increasing awareness of
NovaBay among investment professionals," added Mr. Sieczkarek.  "We
are grateful Tom has agreed to stay with NovaBay through the end of
the year to, in part, oversee the important strategic planning
process.  We wish him well in his pending retirement."

The Employment Agreement provides for at-will employment and a term
commencing on July 17, 2017, and continuing until July 15, 2019
unless earlier terminated.  The Employment Agreement includes an
annual base salary of $298,000.

In addition, Mr. McGovern will have the opportunity to earn an
annual performance bonus in an amount up to 30% of his Base Salary

Mr. McGovern received a BS in accounting from Chico State
University and is a licensed CPA in the State of California.

                 About NovaBay Pharmaceuticals

NovaBay Pharmaceuticals is a biopharmaceutical company focusing on
the commercialization of prescription Avenova lid and lash hygiene
for the domestic eye care market.  Avenova is formulated with
Neutrox which is cleared by the U.S. Food and Drug Administration
(FDA) as a 510(k) medical device.  Neutrox is NovaBay's proprietary
pure hypochlorous acid.  Laboratory tests show that hypochlorous
acid has potent antimicrobial activity in solution yet is non-toxic
to mammalian cells and it also neutralizes bacterial toxins.
Avenova is marketed to optometrists and ophthalmologists throughout
the U.S. by NovaBay's direct medical salesforce.  It is accessible
from more than 90% of retail pharmacies in the U.S. through
agreements with McKesson Corporation, Cardinal Health and
AmeriSource Bergen.

Novabay reported a net loss of $13.15 million on $11.89 million of
total net sales for the year ended Dec. 31, 2016, a net loss of
$18.97 million on $4.38 million of total net sales for the year
ended Dec. 31, 2015, and a net loss of $15.19 million on $1.05
million of net total sales for the year ended Dec. 31, 2014.  

As of March 31, 2017, NovaBay had $12.68 million in total assets,
$8.32 million in total liabilities and $4.35 million in total
stockholders' equity.


OMNI LOOKOUT: Unsecureds to be Paid in Full Over 3-Yr. Period
-------------------------------------------------------------
Omni Lookout Ridge, L.P., and Omni Lion's Run L.P. filed with the
U.S. Bankruptcy Court for the Western District of Texas a
disclosure statement dated June 26, 2017, referring to the Debtors'
joint plan of reorganization dated June 26, 2017.

Class 12 Claims are allowed unsecured claims over $500, the holders
of which do not elect to be included in Class 13.  Each of the
holders of Class 12 Claims will be paid their claims within three
years in pro-rata payments at regular intervals no less often than
quarterly at 5% interest.  The Debtor may, at its discretion,
pre-pay any claim without penalty.  Class 12 is impaired.

In general, the Debtors' Plan proposes to pay all allowed claims of
creditors in full in cash.  The payments to creditors will be made
over time from operations and from additional contributions from
the Debtors' owners, or upon sale of the Apartment Complexes.

Their primary means for paying creditors involve: (i) increasing
income by leasing the remaining vacant spaces in the Apartment
Complex to create additional sources of revenue; (ii) decreasing
expenses by improving operations; (iii) negotiating cash infusions
from the Debtors' Owners/the Guarantor; and (iv) marketing the
Apartment Complex for sale.

To increase the confidence of creditors with respect to the
feasibility of Debtor's proposed Plan, the guarantor will commit to
contribute additional funds to the extent any shortfall exists in
funds from the Debtors' operations to pay all creditors as provided
for in the Plan.

The Lion's Run plan seeks to reinstate the lender's claim and pay
as previously agreed.  Other secured creditors with allowed claims
and valid liens, primarily tax creditors, will be paid in full with
interest over a five-year period commencing on the Effective date
of the Plan, and retain their liens until paid.

The Lookout Ridge plan seeks to modify the lender's claim and pay
interest-only for 36 months.  Secured tax creditors will be paid in
full with interest over a five-year period commencing on the
Effective date of the Plan, and retain their liens until paid.
Belfor falls into its own class and will either be paid from the
proceeds of a lawsuit, or by the Debtor over two years with
interest.

A copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/txwb17-60447-27.pdf

                      About Omni Lookout

Omni Lookout Ridge, LP, owns and operates a business known as
Lookout Ridge Apartments, an apartment complex, located at 201
Lookout Ridge Boulevard, Harker Heights, Bell County, Texas
76548-7217.  Omni Lookout listed its business as a single asset
real estate (as defined in 11 U.S.C. Section 101(51B)).  

Omni Lookout Ridge previously sought bankruptcy protection on Sept.
6, 2016 (Bankr. W.D. Tex. Case No. 16-11048).

Omni Lookout Ridge filed for Chapter 11 bankruptcy protection
(Bankr. W.D. Tex. Case No. 17-60447) on June 6, 2017, estimating
assets and liabilities between $1 million and $10 million.  The
petition was signed by Drew G. Hall, manager.

Judge Ronald B. King presides over the case.

Ron Satija, Esq., at Hajjar Peters LLP, serves as the Debtor's
bankruptcy counsel.

                   About Omni Lion's Run L.P.

Omni Lion's Run, L.P. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 17-60329) on May 2,
2017.  Drew G. Hall, manager, signed the petition.  Judge Ronald B.
King presides over the case.

Ron Satija, Esq., at Hajjar Peters LLP serves as the Debtor's legal
counsel.

At the time of the filing, the Debtor estimated assets and
liabilities of less than $50,000.


ONCOBIOLOGICS INC: Fails to Comply with Nasdaq Market Value Rule
----------------------------------------------------------------
Oncobiologics, Inc. received written notification from the Nasdaq
indicating that as of June 28, 2017, the Company did not meet the
$50,000,000 minimum market value of listed securities required to
maintain continued listing as set forth in Nasdaq Marketplace Rule
5450(b)(2)(A), and that the Company did not meet the alternative
continued listing standards based on minimum stockholders' equity
or total assets/total revenue.  The notification has no immediate
effect on the listing of the Company's common stock on the Nasdaq
Global Market.

Under Nasdaq Rules, the Company will have 180 calendar days from
the date of the notification to regain compliance by meeting the
continued listing requirement, namely the market value of listed
securities closes at $50,000,000 or more for a minimum of 10
consecutive business days.  If the Company is unable to regain
compliance during the 180-day period, and the Company receives a
delisting determination from Nasdaq, the Company may, at that time,
request a hearing to remain on the Nasdaq Global Market, which
request will ordinarily suspend such delisting determination until
a decision by Nasdaq subsequent to the hearing.

The Company said there can be no assurance that it will be
successful in regaining compliance with the continued listing
requirements and maintaining its listing of the Company's common
stock on the Nasdaq Global Market.

                     About Oncobiologics

Oncobiologics, Inc., is a clinical-stage biopharmaceutical company
focused on identifying, developing, manufacturing and
commercializing complex biosimilar therapeutics.  The Cranbury, New
Jersey-based Company's current focus is on technically challenging
and commercially attractive monoclonal antibodies, or mAbs, in the
disease areas of immunology and oncology.

Oncobiologics reported a net loss of $53.32 million on $2.97
million of collaboration revenues for the year ended Sept. 30,
2016, compared to a net loss of $48.66 million on $5.21 million of
collaboration revenues for the year ended Sept. 30, 2015.  As of
March 31, 2017, the Company had $17.46 million in total assets,
$44.31 million in total liabilities, and a total stockholders'
deficit of $26.85 million.

KPMG LLP, in Philadelphia, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2016, citing that the Company has incurred
recurring losses and negative cash flows from operations since
inception and has an accumulated deficit at Sept. 30, 2016, of
$147.4 million and $4.6 million of indebtedness that is due on
demand, which raises substantial doubt about its ability to
continue as a going concern.


OPAL ACQUISITION: S&P Rates New 2024 Sr. Sec. 1st Lien  Notes 'B-'
------------------------------------------------------------------
S&P Global Ratings said it assigned its 'B-' debt ratings to Opal
Acquisition Inc.'s (d/b/a One Call Care Management) new 2024 senior
secured first-lien notes with a '3' recovery rating, indicating our
expectation for a meaningful (55%) recovery of principal in the
event of a payment default. In addition, S&P said, "we are
assigning our 'CCC' debt rating to the new 2024 senior secured
second-lien notes with a '6' recovery rating, indicating our
expectation for negligible (0%) recovery in the event of a payment
default. Our debt ratings on One Call's other debt issues,
including its 2018 senior secured first-lien revolver, 2020 senior
secured first-lien term loan, and remaining 2021 senior unsecured
notes, are unaffected."

One Call's early tender debt exchange offer concluded on July 10,
2017. Based on interim results provided by the company, it will be
exchanging 97.8% of its outstanding 2021 senior unsecured notes at
par for a mix of newly issued 2024 senior secured first-lien and
second-lien notes. The debt exchange offer remains open until July
24, 2017 (though with lower consideration terms than the early
tender offer).

S&P said, "We view the debt exchange as opportunistic rather than
distressed, because we do not expect a conventional default (absent
the transaction) in the next 12-24 months (see "Opal Acquisition
Inc. (d/b/a One Call Care Management) Ratings Affirmed On Debt
Exchange Offer; Outlook Revised to Neg.", published June 30, 2017,
on RatingsDirect). We also view the newly issued notes as adequate
compensation for existing note-holders per the debt exchange terms.
If we had viewed the debt exchange as distressed, we would have
lowered our corporate credit rating on One Call to 'SD' and our
debt rating on the 2021 senior unsecured notes to 'D'."

Following the early tender debt exchange, One Call's debt structure
consists of the following:

-- $125 million first-lien revolver due 2018 (undrawn);
-- $1.26 billion (outstanding) first-lien term loan due 2020;
-- $200 million 7.5% first-lien notes due 2024;
-- $404 million 10% second-lien notes due 2024;
-- $6 million 8.875% senior unsecured notes due 2021.

The proposed exchange will improve the company's financial
flexibility as it plans for upcoming debt maturities. However, S&P
continues to view the company as vulnerable to nonpayment of its
obligations because of its weak competitive position and
substantial debt load.

RATINGS LIST
  Opal Acquisition Inc.
   Counterparty Credit Rating                  B-/Negative/--

  New Rating
  Opal Acquisition Inc.
   Senior secured first-lien notes due 2024    B-
    Recovery Rating                            3(55%)

   Senior secured second-lien notes due 2024   CCC
    Recovery Rating                            6


OPTIMA SPECIALTY: ASW Steel Resigns as Committee Member
-------------------------------------------------------
Andrew Vara, acting U.S. Trustee for Region 3, on July 10 announced
that ASW Steel Inc. resigned from Optima Specialty Steel Inc.'s
official committee of unsecured creditors on July 8.

The remaining committee members are Michael Scharf, ArceloMittal
International America LLC, Steel Dynamic Sales North America Inc.,
Republic Steel, Gerdau, and United Steelworkers.

                  About Optima Specialty Steel

Optima Specialty Steel, Inc., and its affiliates filed separate
Chapter 11 bankruptcy petitions on Dec. 15, 2016: Optima Specialty
Steel, Inc. (Bankr. D. Del. 16-12789); Niagara LaSalle Corporation
(Bankr. D. Del. 16-12790); The Corey Steel Company (Bankr. D. Del.
16-12791); KES Acquisition Company (Bankr. D. Del. 16-12792); and
Michigan Seamless Tube LLC (Bankr. D. Del. 16-12793).  The
petitions were signed by Mordechai Korf, chief executive officer.
At the time of filing, the Debtor had assets and liabilities
estimated at $100 million to $500 million each.

Optima Specialty Steel and its affiliates are independent
manufacturers of specialty steel products.  Their manufacturing
facilities are located in the United States, and each of the
companies' operating units have operated in the steel industry for
more than 50 years.  At the time of the bankruptcy filing, the
Debtors collectively employ more than 900 people.

The Debtors engaged Greenberg Traurig, LLP, in Wilmington, DE, as
counsel.  The Debtors tapped Ernst & Young LLP as their
accountant.

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

On Jan. 4, 2017, the U.S. Trustee for Region 3 appointed an
official committee of unsecured creditors.  The committee hired
Squire Patton Boggs (US) LLP as its lead counsel and Whiteford,
Taylor & Preston LLC as its local Delaware counsel.

On June 30, 2017, the court confirmed the Debtors' Chapter 11 plan
of reorganization.


OYOTOYO INC: Case Summary & 7 Unsecured Creditors
-------------------------------------------------
Debtor: Oyotoyo, Inc.
        108 Forest Avenue
        Hudson, MA 01749

Type of Business: Retailing

Chapter 11 Petition Date: July 11, 2017

Case No.: 17-41261

Court: United States Bankruptcy Court
       District of Massachusetts (Worcester)

Judge: Hon. Elizabeth D. Katz

Debtor's Counsel: Herbert Weinberg, Esq.
                  ROSENBERG & WEINBERG
                  805 Turnpike St., Suite. 201
                  North Andover, MA 01845
                  Tel: (978) 683-2479
                  Fax: 978-682-3041
                  E-mail: hweinberg@jrhwlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Thomas Skripps, president.

The Debtor's list of seven unsecured creditors is available for
free at http://bankrupt.com/misc/mab17-41261.pdf


PACIFIC DRILLING: Unit Seeking Consent to Extend Notes Maturity
---------------------------------------------------------------
Pacific Drilling V Limited, a wholly-owned subsidiary of Pacific
Drilling S.A., commenced a consent solicitation to extend the
maturity of its 7.25% Senior Secured Notes due December 1, 2017
from Dec. 1, 2017, to June 1, 2018.

As per the terms of the Solicitation, the amount of the consent
payment for holders of the Notes delivering a valid and unrevoked
consent may be up to approximately $25 million, subject to
successful completion of the Solicitation and either of the
implementation alternatives.

                      About Pacific Drilling

Based in Luxembourg, Pacific Drilling S.A. (NYSE:PACD) is an
international offshore drilling contractor.  The Company's
primary business is to contract its high-specification rigs,
related equipment and work crews, primarily on a day rate basis,
to drill wells for its clients.  The Company's contract
drillships operate in the deepwater regions of the United States,
Gulf of Mexico and Nigeria.

Pacific Drilling reported a net loss of $37.15 million on $769.5
million of revenues for the year ended Dec. 31, 2016, as compared
with net income of $126.2 million on $1.08 billion of revenues
for the year ended Dec. 31, 2015.

As of Dec. 31, 2016, Pacific Drilling had $5.99 billion in total
assets, $3.33 billion in total liabilities and $2.66 billion in
total shareholders' equity.

The Company's independent auditors KPMG LLP, in Houston, Texas,
expressed substantial doubt about the Company's ability to
continue as a going concern in their report on the consolidated
financial statements for the year ended Dec. 31, 2016.  KPMG
noted that the Company expects to be in violation of certain of
its financial covenants in the next 12 months.

                          *     *     *

In October 2016, Moody's Investors Service downgraded Pacific
Drilling's Corporate Family Rating to 'Caa3' from 'Caa2' and
Probability of Default Rating (PDR) to 'Caa3-PD' from 'Caa2-PD'.
"PacDrilling's ratings downgrade reflects our extremely negative
view of the offshore drilling sector with no near term signs of
improvement.  Depressed prices for the offshore drillships offers
weak asset coverage for PacDrilling's overall debt.  With no
material signs of improving contract coverage or utilization for
PacDrilling's drillships, cashflow through 2017 will be severely
impacted resulting in an unsustainable capital structure," said
Sreedhar Kona, Moody's senior analyst.

In February 2017, S&P Global Ratings affirmed its ratings on
Pacific Drilling S.A., including its 'CCC-' corporate credit
rating.  S&P subsequently withdrew all ratings on the company at
its request.


PEAK 10: Moody's Assigns B3 Corporate Family Rating
---------------------------------------------------
Moody's Investors Service has assigned a B3 corporate family rating
(CFR) and a B3-PD probability of default rating (PD) to Peak 10
Holding Corporation, a parent holding company of Peak 10, Inc. that
will acquire ViaWest, Inc. Moody's has also assigned a B2 (LGD3)
rating to the company's proposed $1.27 billion senior secured 1st
lien credit facility which consists of a $1.12 billion 7 year term
loan and a $150 million 5 year revolver. Additionally, Moody's has
assigned a Caa2 (LGD 5) rating to the proposed $390 million 2nd
lien 8 year term loan. The proceeds from the secured credit
facilities and new equity will be used to refinance existing Peak
10, Inc. and ViaWest debt and to fund a portion of the acquisition
of ViaWest by funds advised by GI Partners. The outlook is stable.
Upon completion of the transaction, Moody's will withdraw the
ratings of Peak 10, Inc. and ViaWest Inc.

Issuer: Peak 10 Holding Corporation

Assignments:

-- Corporate Family Rating, Assigned B3

-- Probability of Default Rating, Assigned B3-PD

-- Senior Secured 1st Lien Bank Credit Facilities, Assigned B2
    (LGD3)

-- Senior Secured 2nd Lien Bank Credit Facility, Assigned Caa2
    (LGD5)

Outlook Actions:

-- Outlook, Assigned Stable

RATINGS RATIONALE

Peak 10's B3 CFR reflects its relatively small scale, very high
leverage and high capital intensity associated with growing the
business. These limiting factors are offset by Peak 10's stable
base of contracted recurring revenues, its position as a high
quality colocation provider in the high-growth sector and its
improved national sales capabilities following the merger with
ViaWest.

Peak 10 participates in the communications infrastructure segment,
a growing industry which is fueled by demand for outsourcing. As
companies migrate to an outsourced IT model, data center operators
allow customers to build a customized architecture with lower (or
possibly no) capital investment. Carrier neutral colocation
providers such as Peak 10 are positioned favorably for growth, as
they can offer the greatest flexibility for customers when choosing
amongst providers for adjacent services such as connectivity.
Moody's expects the retail colocation segment to continue to
experience strong growth as technology evolves towards an
outsourced model.

Although technological change poses a threat to retail colocation
over the long term, many customers will not be ready to leverage a
fully outsourced computing infrastructure for many years. Most
customers will retain a hybrid or dedicated cloud architecture due
to their specific security, performance or compliance requirements.
Therefore, Moody's forecast that demand for retail colocation
should remain relatively stable in the near term.

The combination of ViaWest and Peak 10 will lead to enhanced scale
and will transform the company into the third largest retail
colocation provider in the US. The company's geographic reach will
span 20 domestic and international markets with no geographic
overlap and serve 4,200 customers.

The combined company will benefit from ViaWest's accretive cash
flow profile, high margins, and significant cost synergy
opportunities. However, the debt incurred to fund the transaction
will meaningfully increase leverage and constrains the rating at
B3. Peak 10 will have no flexibility for operational or integration
missteps, otherwise a ratings downgrade is likely. Moody's projects
Peak 10's leverage to be above 7x (Moody's adjusted) at deal close,
falling below 7x over the next 18 months. The company will be
dependent upon strong revenue growth and $16 million of run-rate
cost synergies expected to meet Moody's expectations for leverage
(Moody's adjusted) decreasing below 7x within an 18 month time
frame.

The relatively low degree of projected cost synergies, Moody's
insight into the historical results of both companies and the
complementary nature of the two companies all give Moody's
confidence that churn is unlikely to derail the combined company's
leverage reduction. However, any near term increase in churn would
be a strong negative signal and would likely result in a
downgrade.

Moody's expects Peak 10 to have good liquidity over the next twelve
months. Following the transaction close, Peak 10 will have
approximately $10 million of cash on the balance sheet and an
undrawn $150 million revolving credit facility. Over the next 12 to
18 months, Moody's projects Peak 10 will generate a modest amount
of free cash flow. The revolver will contain a first lien net
leverage ratio test when more than 30% of the revolver is drawn.
Moody's expects this financial covenant to be set with ample
cushion in the new credit agreement.

The stable outlook reflects Moody's view that Peak 10 will grow
revenue and EBITDA with leverage (Moody's adjusted) decreasing
below 7x by FYE2018.

Though unlikely given Peak 10's high leverage, Moody's could
consider a ratings upgrade if the company generated free cash flow
equal to at least 5% of debt and leverage were to trend towards 5x
(both on a Moody's adjusted basis).

Downward rating pressure could develop if operation or integration
missteps occur, if churn rises or if Moody's expects leverage to be
sustained above 7x. Also if liquidity becomes strained or capital
intensity does not improve, a downgrade is likely.

The principal methodology used in these ratings was Global
Communications Infrastructure Rating Methodology published in June
2011.

Headquartered in Charlotte, NC, Peak 10 Holding Corporation is a
provider of network-neutral data center, cloud and managed
services.


PETROLIA ENERGY: Jovian Converts $4 Million Debt to Equity
----------------------------------------------------------
Petrolia Energy Corporation has increased shareholders equity by
$2,000,000 by negotiating the conversion of certain short-term and
long-term debt into equity.

The 2016 purchase of the Slick Unit Dutcher Sands oilfield, a
2,600-acre former SOHIO Petroleum discovery in Creek County,
Oklahoma, resulted in a $1,000,000 short-term and $3 million
long-term liability owed to the Seller, Jovian Petroleum
Corporation. Jovian has converted $2,000,000 of this liability into
an equity position in Petrolia, which includes the issuance of
10,000,000 shares of common stock at $0.20 per share accompanied by
6,000,000 warrants at $0.20 per share and 4,000,000 warrants at
$0.35 per share.

"This transaction will result in a positive adjustment to the
Company's Shareholder's Equity by $2 million and significantly
reduce the Company's debt to equity ratio," said Paul Deputy, chief
financial officer of Petrolia.  "This clearly demonstrates
Managements commitment to improving our shareholder value."

Jovian is an affiliate of the Company, as Quinten Beasley, the
president and CEO of Jovian, sits on Petrolia's board of directors
along with Zel C. Khan, Petrolia's CEO, a shareholder in Jovian.
Both Mr. Beasley and Mr. Khan abstained from voting on the terms of
the Conversion.  The Company's remaining board members voted in
favour of the Conversion Agreement as disclosed.

                    About Petrolia Energy

Petrolia Energy Corporation -- http://www.petroliaenergy.com/--
formerly known as Rockdale Resources Corporation, is an oil and gas
exploration, development, and production company.  With operations
in Texas, Oklahoma and New Mexico, the Company focuses on
redeveloping existing oil fields in well-established oil rich
regions of the U.S., employing industry-leading technologies to
create added value.

Petrolia Energy reported a net loss of $1.87 million on $321,000 of
total revenue for the year ended Dec. 31, 2016, compared with a net
loss of $1.85 million on $188,000 of total revenue for the year
ended Dec. 31, 2015.  As of March 31, 2017, Petrolia Energy had
$13.23 million in total assets, $6.62 million in total liabilities
and $6.61 million in total stockholders' equity.

MaloneBailey, LLP, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016,
citing that Petrolia Energy has incurred losses from operation
since inception and has a net working capital deficiency.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


PHOTOMEDEX INC: Common Stock Delisted from NASDAQ
-------------------------------------------------
PhotoMedex, Inc. received notice from The NASDAQ Stock Market LLC
on July 5, 2017, indicating that, based upon the Company's
non-compliance with NASDAQ Listing Rule 5110, which requires an
issuer to file an initial listing application and satisfy the
initial listing criteria upon completion of a change of control
transaction, the NASDAQ Hearings Panel has determined to delist the
Company's common stock from NASDAQ and that trading of the
Company's common stock would be suspended on NASDAQ effective
July 7, 2017.  

As the Company previously disclosed in a Current Report on Form 8-K
filed with the Securities and Exchange Commission on May 26, 2017,
the Company received notice from NASDAQ that the Company did not
timely satisfy NASDAQ Listing Rule 5110(a) and that the Company
intended to request a hearing before the NASDAQ Hearings Panel to
request the continued listing of its common stock on NASDAQ pending
the completion of the Company's plan to satisfy all necessary
criteria for listing on NASDAQ.

The Company intends to appeal the Panel's determination; however,
the appeal will not stay the suspension of trading of the Company's
securities on NASDAQ.  The Company has filed an initial listing
application with NASDAQ, and is working to evidence full compliance
with the applicable NASDAQ Listing Rules as soon as possible.

Upon the suspension of trading on NASDAQ, the Company's common
stock will be eligible to trade over-the-counter via the OTC
Markets' "Pink" tier.  The Company may also seek to move from the
Pink Sheets to the OTCQB or OTCQX trading tier while it appeals the
NASDAQ determination.

                       About PhotoMedex

PhotoMedex, Inc., is a global health products and services company
providing integrated disease management and aesthetic solutions to
dermatologists, professional aestheticians, ophthalmologists,
optometrists, consumers and patients.  The Company provides
proprietary products and services that address skin conditions
including psoriasis, vitiligo, acne, actinic keratosis, photo
damage and unwanted hair, as well as fixed-site laser vision
correction services at its LasikPlus(R) vision centers.

Photomedex reported a net loss of $13.26 million for the year ended
Dec. 31, 2016, compared to a net loss of $34.55 million for the
year ended Dec. 31, 2015.  As of March 31, 2017, PhotoMedex had
$14.05 million in total assets, $13.38 million in total liabilities
and $677,000 in total stockholders' equity.

Fahn Kanne & Co. Grant Thornton Israel, in Tel-Aviv, Israel, issued
a "going concern" opinion on the consolidated financial statements
for the year ended Dec. 31, 2016, citing that as of Dec. 31, 2016,
the Company had an accumulated deficit of $115,635,000 and
shareholders' deficit of $1,408,000.  Also, during the most recent
periods the Company has incurred losses and negative cash flows
from continuing operations and was forced to sell certain assets
and business units to obtain additional liquidity resources to
support its operations.  In addition, on Jan. 23, 2017, the Company
completed the sale of its consumer products division which
represented the sale of substantially all of the remaining
operations and assets of the Company.  These conditions, along with
other matters, raise substantial doubt about the Company's ability
to continue as a going concern.


PHOTOMEDEX INC: Inks Pact to Waive Closing Deliverables
-------------------------------------------------------
PhotoMedex, Inc., and its subsidiary FC Global Realty Operating
Partnership, LLC (Acquiror Parties), entered into an Agreement to
Waive Second Closing Deliverables with First Capital Real Estate
Operating Partnership, L.P., a Delaware limited partnership, and
First Capital Real Estate Trust Incorporated (Contributor Parties),
amending the Interest Contribution Agreement entered into with the
Contributor Parties on March 31, 2017.

Under the Contribution Agreement, in a mandatory closing to take
place no later than Dec. 31, 2017, the Contributor Parties were to
contribute to the Acquiror their 100% ownership interest in a
private hotel that is currently undergoing renovations to convert
to a Wyndham Garden Hotel, located in Amarillo, Texas, which has an
appraised value of approximately $16 million and an outstanding
loans of approximately $10.6 million.  Certain closing conditions
were required to be met by the Contributor Parties before
contributing the property to the Acquiror, including the resolution
of a lawsuit concerning ownership of the property.  The Contributor
Parties have received an offer to purchase the Amarillo Hotel from
a non-related third party.

Pursuant to the terms and conditions of the Second Waiver, the
Company and the Acquiror agreed to waive the requirement for the
Contributor Parties to contribute to the Acquiror their 100%
ownership interest in the Amarillo Hotel, and to accept in its
place a contribution in cash of not less than $5.89 million from
the Contributor Parties from the sale proceeds of the Amarillo
Hotel, after the satisfaction of the outstanding loan, provided
that the sale is completed and closed upon not later than Aug. 31,
2017.  In exchange the Contributor Parties will receive shares of
stock in the Company, such amount to be calculated as set forth in
the Second Waiver.  If the sale of the Amarillo Hotel is not
completed and closed by Aug. 31, 2017, the waiver of the
requirement for the contribution of the interest in the Amarillo
Hotel will lapse.

                        About PhotoMedex

PhotoMedex, Inc., is a global health products and services company
providing integrated disease management and aesthetic solutions to
dermatologists, professional aestheticians, ophthalmologists,
optometrists, consumers and patients.  The Company provides
proprietary products and services that address skin conditions
including psoriasis, vitiligo, acne, actinic keratosis, photo
damage and unwanted hair, as well as fixed-site laser vision
correction services at our LasikPlus(R) vision centers.

Photomedex reported a net loss of $13.26 million for the year ended
Dec. 31, 2016, compared to a net loss of $34.55 million for the
year ended Dec. 31, 2015.  

As of March 31, 2017, Photomedex had $14.05 million in total
assets, $13.38 million in total liabilities and $677,000 in total
stockholders' equity.

Fahn Kanne & Co. Grant Thornton Israel, in Tel-Aviv, Israel, issued
a "going concern" opinion on the consolidated financial statements
for the year ended Dec. 31, 2016, citing that as of Dec. 31, 2016,
the Company had an accumulated deficit of $115,635,000 and
shareholders' deficit of $1,408,000.  Also, during the most recent
periods the Company has incurred losses and negative cash flows
from continuing operations and was forced to sell certain assets
and business units to obtain additional liquidity resources to
support its operations.  In addition, on Jan. 23, 2017, the Company
completed the sale of its consumer products division which
represented the sale of substantially all of the remaining
operations and assets of the Company.  These conditions, along with
other matters, raise substantial doubt about the Company's ability
to continue as a going concern.


PORTER BANCORP: Shareholders Elect Seven Directors
--------------------------------------------------
Porter Bancorp, Inc., parent company of PBI Bank, announced that
its shareholders elected seven directors, approved a non-binding
advisory vote on the compensation of the Company's executives, and
approved a proposal to ratify the appointment of the Company's
independent registered public accounting firm.

In comments made at the meeting, John T. Taylor, president and CEO
of Porter Bancorp, Inc., stated, "I would like to thank our
shareholders and directors for their continued support.  We are
pleased with the Company's recent favorable financial trends as
well as the significant improvement made over the past year in the
Company's risk profile.  At PBI Bank, we are focusing our attention
on improving profitability through revenue growth and efficiency
strategies, while growing the banking franchise by delivering
quality banking products and services to customers throughout the
communities we serve."

At the meeting, shareholders elected the following as directors to
serve for a one-year term:

   * W. Glenn Hogan - Chairman of Porter Bancorp, Inc. and CEO of
     Hogan Real Estate, a full service commercial real estate
     development company headquartered in Louisville, KY

   * Michael T. Levy - president of Muirfield Insurance LLC of
     Kentucky, a Lexington, KY based insurance brokerage firm

   * James M. Parsons - chief financial officer of Ball Homes,
     LLC, a residential real estate development firm headquartered
     in Lexington, KY

   * Bradford T. Ray - retired chairman and CEO of Steel
     Technologies, Inc., a steel processor

   * Dr. Edmond J. Seifried - principal Seifried & Brew LLC, a
     community bank education center in Bethlehem, Pennsylvania,
     and Professor Emeritus at Lafayette College in Easton,
     Pennsylvania

   * John T. Taylor - president and CEO of Porter Bancorp, and
     president and CEO of PBI Bank
    
   * W. Kirk Wycoff - managing member of Patriot Financial
     Partners, L.P., a private equity fund focused on investing in
     community banks, thrifts and other financial service related
     companies
  
                   About Porter Bancorp, Inc.

Porter Bancorp, Inc. (NASDAQ: PBIB) is a Louisville,
Kentucky-based
bank holding company which operates banking centers in 12 counties
through its wholly-owned subsidiary PBI Bank.  The Company's
markets include metropolitan Louisville in Jefferson County and
the
surrounding counties of Henry and Bullitt, and extend south along
the Interstate 65 corridor.  The Company serves southern and south
central Kentucky from banking centers in Butler, Green, Hart,
Edmonson, Barren, Warren, Ohio and Daviess counties.  The Company
also has a banking center in Lexington, Kentucky, the second
largest city in the state.  PBI Bank is a traditional community
bank with a wide range of personal and business banking products
and services.

Porter Bancorp reported a net loss of $2.75 million on $35.60
million of interest income for the year ended Dec. 31, 2016,
compared to a net loss of $3.21 million on $36.57 million of
interest income for the year ended Dec. 31, 2015.

As of March 31, 2017, Porter Bancorp had $942.35 million in total
assets, $906.84 million in total liabilities and $35.50 million in
total stockholders' equity.

The Company said in its 2016 Annual Report that, "Regulatory
restrictions have limited our ability to pay interest on the
junior
subordinated debentures that underlie our trust preferred
securities. If we cannot pay accrued and unpaid interest on these
securities for more than twenty consecutive quarters, we will be
in
default."

"At December 31, 2016, we had an aggregate obligation of $21.4
million relating to the principal and accrued unpaid interest on
our four issues of junior subordinated debentures, which has
resulted in a deferral of distributions on our trust preferred
securities. Although we are permitted to defer payments on these
securities for up to five years (and we commenced doing so in
2016), the deferred interest payments continue to accrue until
paid
in full. Our deferral period expires after the second quarter of
2021."


PORTOFINO TOWERS: Plan Outline Okayed, Plan Hearing on Aug. 2
-------------------------------------------------------------
Portofino Towers 1002 LLC is now a step closer to emerging from
Chapter 11 protection after a bankruptcy judge approved the outline
of its plan of reorganization.

Judge Laurel Isicoff of the U.S. Bankruptcy Court for the Southern
District of Florida gave the thumbs-up to the disclosure statement
after finding that it contains "adequate information."

The order set a July 19 deadline for creditors to file their
objections and cast their votes accepting or rejecting the plan.

A court hearing to consider confirmation of the plan is scheduled
for August 2, at 3:30 p.m.  The hearing will take place at the
Bankruptcy Court, Courtroom 8, Eight Floor, 301 N. Miami Avenue,
Miami, Florida.

Portofino Towers' latest plan contains additional provisions on the
treatment of Class 2 secured claim asserted by Bank of America, NA
in the amount of $1,684,165.56.

According to the latest plan, the bank will be paid $1,428,675.35
at 4% interest for 30 years.  

Portofino Towers will be responsible for the payment of taxes and
insurance on the property securing the claim, and will provide
proof of insurance to the lender.  If the lender advances any
additional post-petition escrows, it will be entitled to repayment
of same by the company.

In the event of a post-confirmation default of the plan payments or
the company's failure to provide for timely payment of real estate
taxes and maintain insurance on the property, Bank of America will
provide written notice to the company allowing five days to cure
the default.

If the default is not cured, Bank of America may file an affidavit
of default with the court.  Upon the filing of the affidavit, the
court will grant the bank in rem relief from the automatic stay,
and the terms of the note and mortgage will be reinstated without
further notice or hearing however that provision has been agreed to
be omitted, according to Portofino Towers' latest disclosure
statement filed on June 29.

A copy of the first amended disclosure statement is available for
free at https://is.gd/Y6vFRS
  
                   About Portofino Towers 1002

Portofino Towers 1002 LLC filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Fla. Case No. 16-18808) on June 21, 2016.  The
petition was signed by Laurent Benzaquen, authorized
representative.  The Debtor estimated assets and liabilities at $1
million to $10 million at the time of the filing.

Judge Laurel M. Isicoff presides over the case.  Joel M. Aresty,
Esq., at Joel M. Aresty, P.A., represents the Debtor as counsel.  

No official committee of unsecured creditors has been appointed in
the case.

On January 17, 2017, the Debtor filed a Chapter 11 plan and a
disclosure statement.


PRECIPIO INC: Mark Rimer Reports 17.9% Stake as of June 29
----------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Mark Rimer disclosed that as of June 29, 2017, he
beneficiall owns 1,561,617 shares of common stock of Precipio,
Inc., representing 17.94 percent of the shares outstanding.
Chenies Investor LLC also reported beneficial ownership of 648,436
common shares.  

The address of the principal business office of each of the
Reporting Persons is c/o Kuzari Group LLC, 220 East 42nd Street,
29th Floor, New York, NY 10017.  The present principal
occupation/employment of Mr. Rimer is partner at Kuzari Group and
managing member of Chenies Investor, Chenies Management LLC and
Kuzven Precipio Investor LLC.  Mr. Rimer serves on the board of
directors of several companies, including the Company, and is
actively involved in business development roles at numerous
portfolio companies.  The principal business of Chenies Investor is
investment.

In connection with the closing of the merger between Transgenomic,
Inc., New Haven Labs, Inc. and Precipio Diagnostics, LLC, on June
29, 2017, Transgenomic filed the Third Amended and Restated
Certificate of Incorporation, changing its name to that of the
Company and a Certificate of Designation establishing a new Series
A Senior Convertible Preferred Stock.

In connection with the Merger, Mr. Rimer and certain entities he
controls received 705,325 shares of the Company's common stock and
164,324 shares of Series A Senior Convertible Preferred Stock under
the Merger Agreement based on ownership by certain entities (in
which he owns all the issued and outstanding equity) of notes in
Precipio Diagnostics LLC.

In connection with the Merger, the Company issued 69,587 shares of
Series A Senior Convertible Preferred Stock at a price of $3.736329
per share to Chenies Investor LLC, an entity controlled by Mr.
Rimer pursuant to a Securities Purchase Agreement between the
Company, Chenies Investor LLC and the other purchasers.  In
connection with this private placement, the Company, the
Purchasers, the members of Precipio who received shares of Series A
Senior Convertible Preferred Stock in the Merger and other parties
also entered into an Investors' Rights Agreement, piggyback
registration rights, preemptive rights and rights of first refusal
with respect to their Company securities.  The Investors' Rights
Agreement also grants holders of the majority of the outstanding
Series A Senior Convertible Preferred Stock the right to designate
two directors to the Company's board of directors.  Mr. Rimer is
one of those directors.

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

                     https://is.gd/cNvCfY

                        About Precipio

Precipio, Inc., formerly known as Transgenomic, Inc., has built a
platform designed to eradicate the problem of misdiagnosis by
harnessing the intellect, expertise and technology developed within
academic institutions, and delivering quality diagnostic
information to physicians and their patients worldwide.  Through
its collaborations with world-class academic institutions
specializing in cancer research, diagnostics and treatment,
Precipio offers a new standard of diagnostic accuracy enabling the
highest level of patient care.  For more information, visit
precipiodx.com.

Transgenomic reported a net loss available to common stockholders
of $8 million on $1.55 million of net sales for the year ended Dec.
31, 2016, compared with a net loss available to common stockholders
of $34.27 million on $1.92 million of net sales for the year ended
Dec. 31, 2015.  As of March 31, 2017, Transgenomic had $1.22
million in total assets, $21.87 million in total liabilities and a
total stockholders' deficit of $20.64 million.

Marcum LLP, in Hartford, CT, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2016, stating that the Company has incurred operating losses
and used cash for operating activities for the past several years.
This raises substantial doubt about the Company's ability to
continue as a going concern.


PREFERRED CONCRETE: Court Approves Disclosure Statement
-------------------------------------------------------
Preferred Concrete & Excavating Inc. is now a step closer to
emerging from Chapter 11 protection after a bankruptcy judge
approved the outline of its plan of reorganization.

Judge Thomas Lynch of the U.S. Bankruptcy Court for the Northern
District of Illinois on June 28 gave the thumbs-up to the company's
fourth amended disclosure statement after finding that it contains
"adequate information."

Under U.S. bankruptcy law, the proponent of a bankruptcy plan must
get court approval of its disclosure statement to begin soliciting
votes from creditors.  The document must contain adequate
information to enable creditors to make an informed decision about
the plan.

                     About Preferred Concrete

Preferred Concrete & Excavating, Inc. is a union concrete
contractor engaged in concrete in construction in Northern Illinois
and surrounding areas for the past 14 years. The Debtor has
approximately 10 employees.

Preferred Concrete filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ill. Case No. 16-81114) on May 4, 2016.  The petition
was signed by Gerald Hartman, president.  The Debtor is represented
by O. Allan Fridman, Esq., at the Law Office of O. Allan Fridman.

The Debtor estimated less than $50,000 in assets and less than
$500,000 in liabilities at the time of the filing.


PUERTO RICO: Univ. Trust Seeks Appointment of Employee Committee
----------------------------------------------------------------
BankruptcyData.com reported that University of Puerto Rico
Retirement System Trust filed with the U.S. Bankruptcy Court a
motion requesting appointment of an additional committee of
government employees and active pension plan participants or, in
the alternative, for the reconstitution of the official retiree
committee. The motion explains, "On behalf of all Trust
participants, particularly its 10,432 active members not currently
represented by the Retiree Committee, the Trust respectfully
requests that the Court order the appointment of an additional
committee of active government employees and pension plan
participants (an 'Employee Committee'), which should include, among
others, at least one Active Trust Participant. In the alternative,
the Trust respectfully requests that the Court order the
reconstitution of the Retiree Committee in order to exclude any
Retired Trust Participants and include at least one Active Trust
Participant."

                       About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in
nine of the last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III
of 2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21.  On July 2, 2017, a Title III case was commenced for the
Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are onboard as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent. Prime Clerk
maintains a case web site at:

           https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                      Bondholders' Attorneys

Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin
Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc.,
Franklin Advisers, Inc., and the First Puerto Rico Family of Funds,
which collectively hold over $3.5 billion in COFINA Bonds and over
$2.9 billion in other bonds issued by Puerto Rico and other
instrumentalities, including over $1.8 billion of Puerto Rico
general obligation bonds ("GO Bonds").

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP, Autonomy
Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual Advisers LLC,
Monarch Alternative Capital LP, Senator Investment Group LP, and
Stone Lion Capital Partners L.P.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ
Management II LP (the QTCB Noteholder Group).

                            Committees

The U.S. Trustee formed a nine-member Official Committee of
Retirees and a seven-member Official Committee of Unsecured
Creditors of the Commonwealth.  The Retiree Committee tapped Jenner
& Block LLP and Bennazar, Garcia & Milian, C.S.P., as its
attorneys.   The Creditors Committee tapped Paul Hastings  LLP and
O'Neill & Gilmore LLC as counsel.


QUADRANT 4: U.S. Trustee Forms 3-Member Committee
-------------------------------------------------
The Office of the U.S. Trustee on July 10 appointed three creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 case of Quadrant 4 System Corporation.

The committee members are:

     (1) Steven C. Papkin
         FisherBroyles, LLP
         5670 Wilshire Boulevard, Suite 1800
         Los Angeles, CA 90036

     (2) Maksim Saitskiy
         1490 East 2nd Street
         Brooklyn, NY 11230

     (3) Micah Winkelspecht
         4141 Glencoe Ave, Unit 507
         Marina Del Rey, CA 90292

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

                     About Quadrant 4 System

Quadrant 4 System Corporation (OTC:QFOR) -- http://www.qfor.com/--
is engaged in the business of selling IT products and services. Its
revenues are primarily generated from the placement of staffing or
solution consultants, and the sale and licensing of its proprietary
cloud-based Software as a Service (SaaS) systems, as well as a wide
range of technology oriented services and solutions.  Quadrant's
principal executive offices are located in Schaumburg Illinois.
The Company also operates its business from various offices located
in Naples, Florida; Alpharetta, Georgia; Bingham Farms, Michigan;
Cranbury, New Jersey; Pleasanton, California; and Ann Arbor,
Michigan.

Quadrant 4 System is the 100% owner of the issued and outstanding
common stock of Stratitude, Inc., a California corporation, which
it acquired on or about Nov. 3, 2016.  Concurrently with the
Stratitude Acquisition, Stratitude acquired certain of the assets
of Agama Solutions, Inc., a California corporation.  Both
Stratitude and Agama are located in Pleasanton and Fremont,
California and are engaged in the IT business.

The Debtor disclosed total assets of $47.05 million and total
liabilities of $31.39 million as of Sept. 30, 2016.

Quadrant 4 System Corporation filed a Chapter 11 petition (Bankr.
N.D. Ill. Case No. 17-19689) on June 29, 2017.  Robert H. Steele,
the CEO, signed the petition.

Quadrant 4, which was subject to a securities fraud probe that led
to the arrest and resignation of its top two executives seven
months ago, sought Chapter 11 protection after reaching a
settlement with the U.S. Securities and Exchange Commission and
signing deals to sell four business segments for at least $6.9
million.

The Chapter 11 case is assigned to Judge Jack B. Schmetterer.

The Debtor's attorneys are Chad H. Gettleman, Esq., and Nathan Q.
Rugg, Esq. at Adelman & Gettleman, Ltd.

Silverman Consulting Inc., is the Debtor's financial consultants,
and Livingstone Partners, LLC, is the investment banker.

No trustee has been appointed in the case.


QUAYCO LLC: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
The Office of the U.S. Trustee on July 10 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Quayco, LLC.

                         About Quayco LLC

Quayco, LLC, filed a Chapter 11 bankruptcy petition (Bankr. W.D.
Pa. Case No. 17-22377) on June 8, 2017, disclosing under $1 million
in both assets and liabilities. The Debtor is represented by Donald
R. Calaiaro, Esq., at Calaiaro Valencik.


QUOTIENT LIMITED: QBDG Plans to Sell 500,000 Ordinary Shares
------------------------------------------------------------
Quotient Biodiagnostics Group Limited, a company for which Deidre
Cowan -- the spouse of the Chairman and Chief Executive Officer of
Quotient Limited -- exercises sole voting and dispositive power,
entered into a share trading plan for personal investment
diversification and planning purposes.

The plan covers the sale of up to 500,000 of Quotient Limited's
ordinary shares (approximately 14% of QBDG's total shareholding in
the Company) between July and November of 2017.  Transactions under
the plan will be disclosed publicly through Form 144 and Form 4
filings with the Securities and Exchange Commission.

Under the provisions of a pre-existing lock-up agreement that was
entered into in connection with the Company's April 4, 2017, equity
offering, disclosure of the share trading plan was not permitted
until recently.

The plan was adopted in accordance with guidelines specified under
Rule 10b5-1 under the Securities Exchange Act of 1934, as amended,
and the Company's policies regarding share transactions.  Rule
10b5-1 permits individuals who are not in possession of material
non-public information at the time the plan is adopted to establish
pre-arranged plans to buy or sell company stock.

                   About Quotient Limited

Penicuik, United Kingdom-based Quotient Limited is a
commercial-stage diagnostics company committed to reducing
healthcare costs and improving patient care through the provision
of innovative tests within established markets.  With an initial
focus on blood grouping and serological disease screening, Quotient
is developing its proprietary MosaiQ technology platform to offer a
breadth of tests that is unmatched by existing commercially
available transfusion diagnostic instrument platforms.  The
Company's operations are based in Edinburgh, Scotland; Eysins,
Switzerland and Newtown, Pennsylvania.

Quotient Limited reported a net loss of US$85.06 million on
US$22.22 million of total revenue for the year ended March 31,
2017, compared to a net loss of US$33.87 million on US$18.52
million of total revenue for the year ended March 31, 2016.
As of March 31, 2017, Quotient Limited had US$109.97 million in
total assets, US$134.06 million in total liabilities and a total
shareholders' deficit of US$24.09 million.

Ernst & Young LLP, in Belfast, United Kingdom, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended March 31, 2017, citing that the
Company has recurring losses from operations and planned
expenditure exceeding available funding that raise substantial
doubt about its ability to continue as a going concern.


RABEY ELECTRIC: Hearing on Disclosure Statement Set for Aug. 31
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Georgia is
set to hold a hearing on August 31, at 10:00 a.m., to consider
approval of the disclosure statement, which explains the Chapter 11
plan for Rabey Electric Company, Inc.

The hearing will take place at the U.S. Courthouse, Courtroom 228,
125 Bull Street, Savannah, Georgia.  Objections are due by
August 4.

Rabey Electric is represented by:

     James L. Drake, Jr., Esq.
     James L. Drake, Jr. P.C.
     P.O. Box 9945
     Savannah, GA 31412
     Tel: 912-790-1533
     Email: jdrake7@bellsouth.net
     Email: jdrake@drakefirmpc.com

                About Rabey Electric Company Inc.

Rabey Electric Company, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Ga. Case No. 16-41136) on July 27,
2016.  Patrick D. McCarthy, CEO and president signed the petition.


Judge Edward J. Coleman presides over the case.

At the time of the filing, the Debtor disclosed $2.37 million in
assets and $3.85 million in liabilities.


RCWE HOLDING: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The Office of the U.S. Trustee on July 10 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of RCWE Holding Company.

                      About RCWE Holding

Headquartered in Erie, Pennsylvania, RCWE Holding Company filed for
Chapter 11 bankruptcy protection (Bankr. W.D. Pa. Case No.
17-10597) on June 12, 2017, estimating its assets and liabilities
at between $1 million and $10 million.  The petition was signed by
Mr. Ken Smith, member of the Board of Directors.

Judge Thomas P. Agresti presides over the case.

Guy C. Fustine, Esq., at Knox Mclaughlin Gornall & Sennett, P.C.,
serves as the Debtor's bankruptcy counsel.


RECIPROCAL GROUP: Oct. 4 Hearing on Compromise of Claims et al.
---------------------------------------------------------------
Jacqueline K. Cunningham, Commissioner for the State Corporation
Commission's Bureau of Insurance of the Commonwealth of Virginia,
in her capacity as Deputy Receiver of Reciprocal of America and The
Reciprocal Group, which companies are in receivership for
liquidation, asks the Circuit Court of the City of Richmond,
Virginia, for a final order:

   i) ratifying the deputy receiver's compromise of claims asserted
in The Reciprocal Group estate by the Pension Benefit Guaranty
Corporation;

  ii) ratifying the deputy receiver's commutation of a settlement
trust agreement with General Reinsurance Corporation;

iii) ratifying the deputy receiver's compromise of claims asserted
by the Companies in the liquidation of certain Tennessee risk
retention groups;

  iv) ratifying the record retention schedule attached to the
wind-down application, subject to any requirement to retain for a
longer period any records relevant to pending or anticipated
litigation;

   v) ratifying the conduct and wind-down of the receivership by
the deputy receiver, her predecessor and their deputies, counsel,
and consultants heretofore;

  vi) approving the deputy receiver's establishment of a reserve of
$500,000 for TRG's final expenses and contingencies;

vii) approving the deputy receiver's establishment of a reserve of
$10 million for Reciprocal of America's final expenses and
contingencies;

viii) approving the deputy receiver's execution, after the payment
of all approved claims of the companies, of an agreement to
establish a liquidating trust for the purposes set forth in the
wind-down application;

  ix) approving the distribution of the companies' assets in the
manner proposed in the wind-down application; and

   x) authorizing the deputy receiver to file a notice and a report
with the Commission, along with a recommendation that this
receivership proceeding be closed, after the purposes of the
liquidating trust and the receivership have been accomplished, any
remaining assets in the liquidating trust have been distributed,
and the liquidating trust has terminated

On June 23, 2017, the Commission entered a scheduling order on the
wind-down application, establishing:

   i) a deadline of Aug. 24, 2017, for persons opposing the relief
requested in the wind-down application to file and serve a notice
of objection;

  ii) a deadline of Sept. 5, 2017, for all persons other than the
deputy receiver who expect to appear at a hearing for purposes of
supporting or opposing the wind-down application to file and serve
the prepared testimony and exhibits of each witness expected to
present direct testimony in support of, or in opposition to, the
wind-down application; and

iii) a contingent hearing on the wind-down application to be held
in Richmond, Virginia, on Oct. 4, 2017, at 10:00 a.m. (Eastern
Time) but only in the event that any notices of objection are
timely filed.

A full-text copy of the Deputy Receiver's Application is available
at https://is.gd/VR54BL

For additional details, refer to the wind-down application and the
scheduling order, which are posted on the companies' website at
http://www.reciprocalgroup.com. Copies can also be requested by
writing to Reciprocal of America and The Reciprocal Group, in
liquidation, 11401 Century Oaks Terrace, Suite 310, Austin, Texas,
78758, by emailing to info@reciprocalgroup.com or by calling at
1-512-404-6555.

Reciprocal of America, in Receivership --
http://www.reciprocalgroup.com/-- was a reciprocal  insurance
company, providing professional, workers' compensation and other
liability coverage for health systems, hospitals, health
professionals, managed care organizations and other health care
providers.  Based in Virginia, the company was licensed in 42
states and operates in 18 states and the District of Columbia.  In
2001, the company assumed the assets and liabilities of Coastal
Insurance Enterprise, Coastal Insurance Exchange, and Alabama
Hospital Association and Healthcare Workers' Compensation Trust
Fund.

Reciprocal of America and The Reciprocal Group were placed into
Receivership on January 29, 2003, by the Circuit Court of the City
of Richmond, Virginia.  On June 20, 2003, the Commission entered an
Order of Liquidation with a Finding of Insolvency and Directing the
Cancellation of Direct Insurance Policies for the Companies.  The
Liquidation Order declared that the Companies are insolvent and
that the Companies should be liquidated in accordance with Title
38.2, Chapter 15 of the Virginia Code, other applicable Virginia
law, and any present or future orders of the Commission.


RENNNOVA HEALTH: Names Michael Pollack Interim CFO
--------------------------------------------------
Rennova Health, Inc. appointed Michael Pollack, CPA as interim
chief financial officer.  Mr. Pollack brings approximately 30 years
of corporate finance, reporting and consulting experience to
Rennova, working with publicly traded and privately held companies
with a particular focus on healthcare.  

Since 2005 Mr. Pollack has been with KBL, LLP, a certified public
accounting and business advisory firm, most recently serving as
partner-in-charge of KBL's audit quality and control, and the
partner-in-charge of KBL's Public Company (SEC) Practices Group.

"I am delighted to welcome Michael to the Rennova executive team.
He is a seasoned financial executive with extensive expertise in
helping publicly traded companies navigate regulatory financial and
reporting requirements," said Seamus Lagan, chief executive officer
of Rennova Health.  "Michael's vast knowledge of capital financing,
debt refinancing, strategic repositioning, development
restructuring and private placement offerings, along with his
experience leading public company audits will be instrumental in
assuring that Rennova's obligations to financial disclosures
proceed smoothly and transparently."

Mr. Pollack holds a BA in Economics from the University of Maryland
and is a member of the American Institute of Certified Public
Accountants.  He is licensed to practice in New Jersey,
Pennsylvania, New York and Maryland.

                     About Rennova Health

Rennova Health, Inc. -- http://www.rennovahealth.com/-- provides
industry-leading diagnostics and supportive software solutions to
healthcare providers, delivering an efficient, effective patient
experience and superior clinical outcomes.  Through an
ever-expanding group of strategic brands that work in unison to
empower customers, it is creating the next generation of
healthcare.

Rennova Health reported a net loss of $32.61 million on $5.24
million of net revenues for the year ended Dec. 31, 2016, compared
with a net loss attributable to common stockholders of $37.58
million on $18.39 million of net revenues for the year ended
Dec. 31, 2015.  As of March 31, 2017, Rennova Health had $8.31
million in total assets, $73.64 million in total liabilities and a
total stockholders' deficit of $65.33 million.

Green & Company, CPAs, in Temple Terrace, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has
significant net losses and cash flow deficiencies.  Those
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


RIDGE MANOR: Gets Court Approval of Plan to Exit Bankruptcy
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida
approved Ridge Manor Oaks, LLC's plan to exit Chapter 11
protection.

The court on June 29 gave the thumbs-up to the restructuring plan
after finding that it satisfied the requirements for confirmation
under the Bankruptcy Code.

In the same filing, the court also gave approval to the disclosure
statement, which explains the plan.  A copy of the order is
available for free at https://is.gd/VpabnC

The plan seeks to sell the company's real property by private sale
within one year from the entry of the order confirming the plan. If
no private sale is consummated within that time frame, an auction
will be held within 90 days thereafter.

The tax collector will be paid at the closing of the sale or
auction of the real property.  The Class 1 creditor's claim and all
creditors secured by the real property will be paid at closing of
the sale of their collateral.

                     About Ridge Manor Oaks

Ridge Manor Oaks, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 16-09612) on Nov. 8,
2016.  The petition was signed by Robert L. Carson, manager.  

At the time of the filing, the Debtor disclosed $1.8 million in
assets and $2.47 million in liabilities.

David W. Steen, Esq., at David W. Steen P.A. serves as the Debtor's
legal counsel.

On May 12, 2017, the court conditionally approved the disclosure
statement, which explains the Debtor's Chapter 11 plan of
reorganization.


ROCKY MOUNTAIN: Amends Series A Pref. Shares Cert. of Designation
-----------------------------------------------------------------
Rocky Mountain High Brands, Inc. has amended the Certificate of
Designation for its Series A Preferred Stock.  The amendment
changes the conversion ratio of the Company's Series A Preferred
Stock from 1,200 shares of common stock for every share of Series A
Preferred Stock to 100 shares of common stock for every share of
Series A Preferred Stock.  The amendment was approved by the
Company's board directors and the holder of its Series A Preferred
Stock, according to a Form 8-K report filed with the Securities and
Exchange Commission.

                      About Rocky Mountain

Rocky Mountain High Brands, Inc., (RMHB) is a consumer goods brand
development company specializing in developing, manufacturing,
marketing, and distributing high quality, health conscious,
hemp-infused food and beverage products and spring water.  The
Company currently markets a lineup of five hemp-infused beverages.
RMHB is also researching the development of a lineup of products
containing Cannabidiol (CBD).  The Company's intention is to be on
the cutting edge of the use of CBD in consumer products while
complying with all state and federal laws and regulations.

Rocky Mountain reported net income of $2.32 million on $1.07
million of sales for the fiscal year ended June 30, 2016, compared
with a net loss of $16.62 million on $489,849 of sales for the
fiscal year ended June 30, 2015.

As of March 31, 2017, Rocky Mountain had $2.56 million in total
assets, $7.40 million in total liabilities, all current, and a
total shareholders' deficit of $4.83 million.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2016, citing that the Company has a
shareholders' deficit of $1,477,250, an accumulated deficit of
$16,878,382 at June 30, 2016, and has generated operating losses
since inception.  These factors, among others, raise substantial
doubt about the ability of the Company to continue as a going
concern.


ROOT9B HOLDINGS: Incurs $4.5 Million Net Loss in First Quarter
--------------------------------------------------------------
Root9B Holdings, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $4.54 million on $2.65 million of net revenue for the three
months ended March 31, 2017, compared to a net loss of $3.23
million on $2.03 million of net revenue for the three months ended
March 31, 2016.

As of March 31, 2017, Root9B Holdings had $16.84 million in total
assets, $15.80 million in total liabilities and $1.03 million in
total stockholders' equity.

The Company had a net loss from continuing operations of $3,771,262
for the three months ended March 31, 2017, and $18,299,187 for the
year ended Dec. 31, 2016.  The Company's working capital increased
from $3,714,617 to $3,752,220 during the three months ended March
31, 2017, and $1,600,000 of its unsecured convertible promissory
notes due on May 21, 2017, were extended to May 21, 2018.  The
Company has no existing lines of credit.
  
During 2016, the Company incurred substantial costs in its efforts
to grow the Cyber Solutions business segment.  The Company hired
additional personnel, engaged in strategic marketing and
brand-building efforts, built-out the Adversary Pursuit Center and
other new offices opened, incurred legal fees related to trademarks
and patents, and engaged in extensive research and development
projects to enhance the Orkos and HUNT software platforms.  These
investments in the Cyber Solutions segment were made in
anticipation of revenue growth during 2017, of which, there can be
no assurance.

During the three months ended March 31, 2017, the Company incurred
significant labor costs, software research and development, and
advertising expenses as it continues to invest in and build out CS
resources and expertise as it positions this segment for future
growth.  The Company has not been able to secure enough CS
contracts to support its continuing operations, and it anticipates
requiring additional capital to grow our CS business segment, fund
operating expenses, and make principal and interest payments on our
promissory note obligations.

During 2016 and early 2017, the Company took steps to mitigate
these factors by:

   1) entering into various debt and equity financing;
   
   2) selling its Control Engineering, Inc., subsidiary on
      Dec. 31, 2016, and completing the sale of a substantial
      portion of its wholly-owned subsidiary IPSA International,
      Inc on April 30, 2017; and
  
   3) focusing 100% of its efforts on the growth of the Cyber
      Solutions contract pipeline.

"Despite the measures discussed above, our current levels of cash
on hand, working capital and proceeds from the debt offerings in
the first quarter of 2017 and the IPSA transaction has not been
sufficient to alleviate our liquidity issues and, as a result,
management has determined additional capital is required in order
to sustain operations for one year beyond the issuance of these
unaudited interim consolidated financial statements."

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

                     https://is.gd/zAV4hQ

                         About Root9B

root9B Holdings (OTCQB: RTNB) -- http://www.root9bholdings.com/--
is a provider of Cybersecurity and Regulatory Risk Mitigation
Services.  Through its wholly owned subsidiaries root9B and IPSA
International, the Company delivers results that improve
productivity, mitigate risk and maximize profits.  Its clients
range in size from Fortune 100 companies to mid-sized and
owner-managed businesses across a broad range of industries
including local, state and government agencies.

Root9B Technologies, Inc., changed its name to root9B Holdings,
Inc. effective Dec. 5, 2016, and relocated its corporate
headquarters from Charlotte, NC to the current headquarters of
root9B, its wholly owned cybersecurity subsidiary, in Colorado
Springs, CO.

Root9B reported a net loss of $30.48 million for the year ended
Dec. 31, 2016, following a net loss of $8.33 million for the year
ended Dec. 31, 2015.

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, noting that Company has suffered
recurring losses from operations and has negative operating cash
flows and will require additional financing to fund the continued
operations.  The availability of such financing cannot be assured.
These conditions raise substantial doubt about its ability to
continue as a going concern.


ROTHSTEIN ROSENFELDT: Exclusion Barred Insurance Coverage
---------------------------------------------------------
The U.S. Court of Appeals for the Eleventh Circuit affirmed the
district court's order dismissing the lawsuit filed by trustees
Herbert Stettin, Robert C. Furr, and Michael I. Goldberg against
National Union Fire Insurance Company of Pittsburgh, PA, Twin City
Fire Insurance Company, and Aonrisk Services Inc. of Massachusetts
and affiliates.

This case is another remnant of the Ponzi scheme orchestrated by
Scott Rothstein through his law firm, Rothstein Rosenfeldt Adler.
It arises out of litigation based on the alleged conduct of certain
executives of Gibraltar Private Bank and Trust Company, at which
RRA maintained accounts.

In filing the lawsuit, the trustees asserted breach of contract and
bad faith claims when National Union and Twin City denied them
insurance coverage. National Union and Twin City moved to dismiss
the action, arguing that coverage was barred by a "professional
services exclusion" found in each of the policies. The district
court agreed and granted the insurers' motions.

The district court reasoned that the plain language of the
exclusion barred coverage because some of the insured executives at
Gibraltar provided professional banking services directly to RRA.

The trustees ask that the Eleventh Circuit reverse the decision.
They contend that the exclusion should be read severally, and
therefore barring coverage only as to the claims against those
insured executives who directly provided professional services to
RRA. Under their reading, the district court erred because claims
against executives who were merely responsible for internal
managerial banking functions, like complying with federal reporting
regulations, are not exempt from coverage.

Applying Florida law, and exercising plenary review, the Eleventh
Circuit reaches the same conclusion as the district court, and thus
affirms the decision.

Understanding that the phrase "any insured" must be read in
context, the Eleventh Circuit believes that the district court
correctly interpreted the exclusionary language. Here the
professional services exclusion twice uses the phrase "any
insured," once in referring to the claim made and once in referring
to the professional services rendered. And that evinces an intent
to create joint obligations.

The trustees rely on Premier Ins. Co. v. Adam, but that case does
not call for a different result. In Premier, the Fifth District
explained that an insurance policy's severability clause resulted
in separate insurable interests for each insured, such that each
insured must be treated as holding separate insurance coverage. As
a result, notwithstanding an exclusion stating that the policy "did
not apply" to "bodily injury or property damage which is expected
or intended by any insured," coverage could only be denied against
an insured who actually committed the excluded act. Here, however,
the insurance policies issued by National Union and Twin City do
not contain a severability clause. And that difference in policy
language is fatal to the trustees' argument.

As to the trustees' other arguments, the Eleventh Circuit affirms
on the basis of the district court's well-reasoned order.

The appeals case is HERBERT STETTIN, Trustee, Plaintiff, ROBERT C.
FURR, Trustee, MICHAEL I. GOLDBERG, not individually, but as
Chapter 11 Trustee of the estate of the debtor, Rothstein
Rosenfeldt Alder, P.A., BAYON INCOME FUND, LP., et al.,
Plaintiffs-Appellants, v. NATIONAL UNION FIRE INSURANCE COMPANY OF
PITTSBURGH, PA, TWIN CITY FIRE INSURANCE COMPANY,
Defendants-Appellees, AONRISK SERVICES INC. OF MASSACHUSETTS, et
al., Defendants, Case No. 15-14716 (11th Cir.).

A full-text copy of the Eleventh Circuit's Decision is available at
https://is.gd/k4DKqD from Leagle.com.

James Miller Kaplan -- James.Kaplan@Kaplanzeena.com -- for
Defendant-Appellee.

Matthew L. Lines -- Lines@irlaw.com -- for Defendant-Appellee.

Laura I. Ganoza -- lganoza@foley.com -- for Defendant-Appellee.

Jason S. Mazer -- jmazer@vpl-law.com -- for Plaintiff-Appellant.

Kimberly Heifferman -- Kimberly.Heifferman@Kaplanzeena.com -- for
Defendant-Appellee.

Danya Pincavage -- danya@wolfepincavage.com -- for
Plaintiff-Appellant.

Lisa R. Bugni -- lisa.bugni@alston.com -- for Defendant-Appellee.

Christopher Michael Yannuzzi -- Yannuzzi@irlaw.com -- for
Defendant-Appellee.

Cary D. Steklof -- csteklof@vpl-law.com -- for
Plaintiff-Appellant.

Michael J. Hartley -- mhartley@bautelaw.com -- for
Defendant-Appellee.

Matthew Lee Baldwin for Defendant-Appellee.

William Earl Davis -- wdavis@foley.com -- for Defendant-Appellee.

Colleen Lynn Smeryage, for Plaintiff-Appellant.

                 About Rothstein Rosenfeldt

Scott Rothstein, co-founder of law firm Rothstein Rosenfeldt Adler
PA -- http://www.rra-law.com/-- was suspected of running a   
$1.2 billion Ponzi scheme.  U.S. authorities claimed in a civil
forfeiture lawsuit filed Nov. 9, 2009, that Mr. Rothstein, the
firm's former chief executive officer, sold investments in non-
existent legal settlements.  Mr. Rothstein pleaded guilty to five
counts of conspiracy and wire fraud on Jan. 27, 2010.

Creditors of Rothstein Rosenfeldt Adler signed a petition sending
the Florida law firm to bankruptcy (Bankr. S.D. Fla. Case No.
09-34791).  The petitioners include Bonnie Barnett, who says she
lost $500,000 in legal settlement investments; Aran Development,
Inc., which said it lost $345,000 in investments; and trade
creditor Universal Legal, identified as a recruitment firm, which
said it is owed $7,800.  The creditors alleged being owed money
invested in lawsuit settlements.

Herbert M. Stettin, the state-court appointed receiver for
Rothstein Rosenfeldt, was officially carried over as the
Chapter 11 trustee in the involuntary bankruptcy case.

On June 10, 2010, Mr. Rothstein was sentenced to 50 years in
prison.

The official committee of unsecured creditors appointed in the
case is represented by Michael Goldberg, Esq., at Akerman
Senterfitt.

RRA won approval of an amended liquidating Chapter 11 plan
pursuant to the Court's July 17, 2013 confirmation order.  The
revised plan, filed in May, is centered around a $72.4 million
settlement payment from TD Bank NA.


RUXTON DESIGN: May Use Cash Collateral Until July 31
----------------------------------------------------
The Hon. David E. Rice of the U.S. Bankruptcy Court for the
District of Maryland has granted Ruxton Design and Build, LLC,
authorization to use cash collateral of 1st Global Capital
Financial Services and any other party asserting a claim from June
12, 2017 until July 31, 2017.

A hearing on the cash collateral use will be held on July 31, 2017,
at 1:30 pm.

The Debtor may use the cash collateral to pay the post-petition
expenses that are ordinary, reasonable and necessary to the
operation of the business to the extent of the budget, plus the sum
of $1,000.00 per month for May and June 2017 to be paid to 1st
Global as an adequate protection payment; and the sum of $15,000
for May and $15,000 for June to pay critical vendors.

A copy of the court order is available at:

         http://bankrupt.com/misc/mdb17-10359-90.pdf

As reported by the Troubled Company Reporter on March 20, 2017, the
Court entered an order authorizing the Debtor to use $15,600 of
cash collateral between March 2, 2017 and March 9, 2017.

                About Ruxton Design and Build

Ruxton Design and Build, LLC, filed a Chapter 11 petition (Bankr.
D. Md. Case No. 17-10359) on Jan. 10, 2017.  Frank B. Zeberlein,
president, signed the petition.  The Debtor is represented by
Stephen J. Kleeman, Esq., at the Law Offices of Stephen J. Kleeman.
At the time of filing, the Debtor estimated assets and liabilities
between $100,000 and $500,000.


SABLE NATURAL: US Trustee Seeks Conversion into Ch. 7 Proceeding
----------------------------------------------------------------
BankruptcyData.com reported that the U.S. Trustee assigned to the
Sable Natural Resources case filed with the U.S. Bankruptcy Court a
motion to convert the Chapter 11 reorganization to a liquidation
under Chapter 7 or, in the alternative, an order dismissing the
case.  The motion asserts, "The United States Trustee moves to
convert this case to chapter 7 for inability to propose a plan and
unreasonable delay. Sable Natural Resources Corporation (the
'Debtor') . . . .  The Debtor filed this chapter 11 case in order
to address remaining debts - primarily investor holder claims -
after the confirmation of the Sable Operating plan.  As of July 7,
2017, this case has been in bankruptcy for 238 days.  The only
activity reflected by the Debtor's case docket consists of (1) the
filing of the Debtor's schedules and statement of financial
affairs, (2) the filing of monthly operating reports, (3) the
section 341 meeting of creditors, and (4) the employment of
Debtor's counsel.  Additionally, there does not appear to be a
clear demarcation between the Debtor, Sable Operating, and two
other related entities, MDT Advisory Services and Vast Mountain
Development . . . .  The case should be converted to a case under
chapter 7 to permit a trustee to evaluate the NOLs to determine
whether they may be monetized.  A chapter 7 trustee could also
evaluate any claims that may exist as between the Debtor and any
insiders or related parties to determine whether such claims, if
any, might be a source of funds to repay creditors . . . .
Alternatively, should the Court determine that conversion is not in
the best interest of creditors, the foregoing cause also supports
dismiss of this case."

                  About Sable Natural Resources

Sable Natural Resources Corp. acquires, develops and produces oil
and natural gas reserves from wells in carbonate reservoir.

Sable Natural Resources filed for Chapter 11 protection
(Bankr. N.D. Tex. Case No. 16-34422) on Nov. 11, 2016.  The
Company is represented by Joyce Lindauer of Joyce W. Lindauer
Attorney, PLLC.  The Debtor disclosed $20.24 million in assets and
$3.19 million in liabilities.

Subsidiary Sable Operating previously filed a Chapter 11 petition
on Aug. 28, 2015 and emerged from that bankruptcy on Nov. 1, 2016.

According to Sable Natural Resources petition, "Sable Natural
Resources is in default of $1.95M Convertible Debentures and has
not been able to cure the default."  Court-filed documents further
note, "Funds will be available for distribution to unsecured
creditors."


SCOTT MEDICAL: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
The Office of the U.S. Trustee on July 10 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Scott Medical Health Center,
P.C.

               About Scott Medical Health Center

Scott Medical Health Center, P.C. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 17-22357) on
June 7, 2017.  Gary T. Hieronimus, president, signed the petition.


At the time of the filing, the Debtor estimated assets of less than
$500,000 and liabilities of less than $1 million.

Steidl and Steinberg, P.C. is the Debtor's bankruptcy counsel.


SEANERGY MARITIME: Reports Net Revenues of US$13.3 Million for 1Q
-----------------------------------------------------------------
Seanergy Maritime Holdings Corp. announced its financial results
for the quarter ended March 31, 2017.

For the quarter ended March 31, 2017, the Company generated net
revenues of US$13.3 million, a 90% increase versus the same period
2016.  As of March 31, 2017, stockholders' equity was US$26.7
million and cash and cash equivalents, including restricted cash
was US$6.9 million.

Stamatis Tsantanis, the Company's chairman & chief executive
officer, stated:

"In the first quarter of 2017 we experienced the first signs of
market recovery, which was reflected mostly in the Capesize market.
Spot rates peaked at $20,000 per day and asset values recovered
significantly from the historical lows of 2016.  In respect of
financial performance, our larger fleet as well as the improved
market conditions led to a substantial increase of our revenues by
more than 90% compared to the same period last year. In addition we
entered into a lucrative agreement with one of our lenders that
will result in an expected gain and equity accretion of $11.4
million that corresponds to more than 30% increase in our
shareholder equity upon closing of this transaction in 3Q of 2017.

"In March 2017, pursuant to our prudent fleet expansion plan, we
agreed to acquire another modern Capesize vessel.  The M/V
Partnership, was built in 2012 in Hyundai of South Korea and was
delivered to our company in May 2017.  The vessel recently
commenced its 12-18 months' time charter with a major European
utilities company at a strong gross rate of $16,200 per day.  The
Partnership is expected to generate approximately $8.8 million of
gross revenue, assuming the full 18 months employment.  Our modern
fleet now consists of nine Capesize vessels and two Supramax
vessels with a cargo carrying capacity of 1.7 million dwt.

"In June 2017, we also terminated our $20 million At-The-Market
equity offering program.  Since August 2016, we have raised
approximately $28.3 million of gross proceeds from public equity
offerings, including the ATM Offering.  We have utilized these
funds in the most constructive way as they enabled the Company to
pursue highly accretive transactions.  In particular, we have used
the proceeds of the offerings to partly fund the acquisitions of
the M/V Lordship, the M/V Knightship and the M/V Partnership, as
well as to finance the prepayments under the early termination of a
credit facility.

"The combined accretion in value we have created for our
shareholders from these transactions is more than $27.9 million,
which is derived from the market value appreciation of the
acquisitions and the expected gain due to the early termination and
refinancing of one of our facilities.

"Going back to market fundamentals, we believe that the continuous
increase in demand for commodities, the longer-haul mining
expansion and the associated increase in ton mile demand at a time
of a historical reduction of Capesize fleet growth will contribute
to a steady rise in freight rates and vessel values.

"Overall, we strongly believe that the Capesize segment represents
the best fundamentals in the dry bulk industry and we continue to
actively pursue accretive acquisition opportunities for quality
Capesize vessels.

"Concluding, we strongly believe that the successful implementation
of our business plan along with the improving dry bulk market
conditions will continue to enhance shareholder value."

First Quarter 2017 Developments:

  * On March 28, 2017, the Company agreed to acquire a 2012 South
    Korean-built Capesize vessel of 179,213 dwt at a gross
    purchase price of $32.65 million.  The vessel was delivered to

    the Company on May 31, 2017 and has been renamed M/V
    Partnership.

  * On March 28, 2017, the Company entered into an eighth
    amendment to the issued unsecured revolving convertible
    promissory note of Sept. 7, 2015, as amended.  Pursuant to
    this amendment, the Applicable Limit (as defined in the
    Convertible Note) will be reduced by $3.1 million on each of
    Sept. 7, 2018, and Sept. 7, 2019.  Principal amounts
    outstanding under the Convertible Note will be repayable to
    the extent that the aggregate outstanding principal exceeds
    the Applicable Limit.  As of July 5, 2017, the Company has
    drawn down the entire amount available under the Convertible
    Note.

  * On March 22, 2017, the Company extended the duration of the
    time charter contract of the M/V Lordship for a period of up
    to twenty-two months with a major European charterer.  The
    vessel commenced the extended period on June 28, 2017.  The
    charter rate is based on the 5 route average of the Baltic  
    Capesize Index and the Company has the option, at any time, to

    convert the index linked rate into a fixed rate corresponding
    to the prevailing value of the Capesize forward freight
    agreement, for a duration of minimum of three to maximum of
    twelve months.

  * On March 14, 2017, the Company agreed with four of its senior
    lenders for the proactive waiver and deferral of the
    application date of certain major financial covenants until
    the second quarter of 2018.

  * On March 7, 2017, the Company entered into a definitive
    agreement with one of the Company's lenders for the early
    termination of a loan facility.  Upon completion of the
    transaction, the gain and equity accretion to the Company is
    estimated to be approximately $11.4 million.

  * On Feb. 3, 2017, the Company entered into an Equity
    Distribution Agreement with Maxim Group LLC as sales agent,
    under which the Company may offer and sell, from time to time
    through Maxim up to $20 million of its common shares.  The
    Company determined, at its sole discretion, the timing and
    number of share sales pursuant to the Equity Distribution
    Agreement along with any minimum price below which sales may
    not be made.  As of July 5, 2017, the Company has sold
    2,782,136 common shares for an aggregate amount of $2.9
    million of gross proceeds.  On June 27, 2017, the Company and
    Maxim mutually terminated the Equity Distribution Agreement.

Subsequent Developments:

  * On May 26, 2017, the Company entered into a time charter
    contract for M/V Partnership for a period of about twelve to
    about eighteen months.  The vessel is chartered out to a major

    European energy and utility company at a gross rate of $16,200

    and was delivered to the charterer on June 13, 2017.

  * On May 24, 2017, the Company entered into an $18.0 million
    senior loan facility with Amsterdam Trade Bank N.V. to fund
    part of the acquisition cost of M/V Partnership.  As of
    July 5, 2017, the Company has fully drawn down the facility.

  * On May 24, 2017, the Company entered into a $16.2 million
    junior loan facility with Jelco to fund part of the
    acquisition cost of M/V Partnership.  As of July 5, 2017, the
    Company has fully drawn down the facility.

  * On May 4, 2017, the Board of Directors of the Company was
    expanded to five members and Ioannis (John) Kartsonas was
    appointed as an independent member of the Board of Directors
    to serve as a class C director.  Mr. Kartsonas has more than
    18 years of experience in finance and commodities trading.  He
    is currently the principal and managing partner of Breakwave
    Advisors LLC., a commodity-focused advisory firm based in New
    York.  Prior to that, he held various senior positions in
    investment management and research focusing in shipping and
    commodities.  He has earned an MBA in Finance from the
    University of Rochester.

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

                    https://is.gd/mKdk9i

           About Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp. --
http://www.seanergymaritime.com/-- is an international shipping
company that provides marine dry bulk transportation services
through the ownership and operation of dry bulk vessels. The
Company currently owns a modern fleet of eleven dry bulk carriers,
consisting of nine Capesizes and two Supramaxes, with a combined
cargo-carrying capacity of approximately 1,682,582 dwt and an
average fleet age of about 8.2 years.

The Company is incorporated in the Marshall Islands with executive
offices in Athens, Greece and an office in Hong Kong. The Company's
common shares and class A warrants trade on the Nasdaq Capital
Market under the symbols "SHIP" and "SHIPW", respectively.

Seanergy incurred a net loss of US$24.62 million in 2016 following
a net loss of US$8.95 million in 2015.  For the three months ended
March 31, 2017, Seanergy reported a net loss of US$6.28 million.
As of March 31, 2017, Seanergy had US$250.42 million in total
assets, US$223.71 million in total liabilities and US$26.70 million
in stockholders' equity.

In March 2017, Seanergy said it has reached an agreement with Alpha
Bank A.E. with respect to the loan facility dated Nov. 4, 2015, to
defer the application date of a certain covenant until the second
quarter of 2018.  The Company also reached an agreement with HSH
Nordbank AG with respect to the loan facility dated Sept. 1, 2015,
and related guarantee to defer the application date of certain
covenants until the second quarter of 2018.


SEARS CANADA: ESL Partners Holds 45.3% Stake as of July 6
---------------------------------------------------------
ESL Partners, L.P., RBS Partners, L.P., ESL Investments, Inc., and
Edward S. Lampert disclosed in an amended Schedule 13D filed with
the Securities and Exchange Commission that as of July 6, 2017,
they beneficially owned 46,162,515 common shares of Sears Canada
Inc. representing 45.3% of the shares oustanding.  The percentage
is based upon 101,877,662 Shares of the Company outstanding as of
June 13, 2017.

The principal business of each of the Reporting Persons is
purchasing, holding and selling securities for investment purposes.
RBS is the general partner of Partners.  ESL is the general
partner of RBS.  Mr. Lampert is the chairman, chief executive
officer and director of ESL.  Mr. Lampert is also a limited partner
of RBS.  Mr. Lampert is also Chairman of the Board of Directors of
Sears Holdings Corporation.  Each of the Reporting Persons may also
serve as general partner or managing member of certain other
entities engaged in the purchasing, holding and selling of
securities for investment purposes.

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

                     https://is.gd/SYvYaI

                      About Sears Canada

Sears Canada Inc. is an independent Canadian digital and
store-based retailer and technology company whose head office is
based in Toronto.  Sears Canada's unique brand format offers
premium quality Sears Label products, designed and sourced by Sears
Canada, and of-the-moment fashion and home decor from designer
labels in The Cut @Sears.  Sears Canada also has a top ranked
appliance and mattress business in Canada.  Sears Canada is
undergoing a reinvention, including new customer experiences at
every touchpoint, a new e-commerce platform, new store concepts,
and a new set of customer service principles designed to deliver
WOW experiences to customers.  Information can be found at
sears.ca/reinvention.  Sears Canada operates as a separate entity
from its U.S.-based co-founder, now known as Sears Holdings
Corporation, based in Illinois.

The Company's balance sheet as of April 29, 2017, showed total
assets of C$1.187 billion against total liabilities of C$1.108
billion.

Amid mounting losses and liquidity constraints Sears Canada and
certain of its subsidiaries on June 22, 2017, applied to the
Ontario Superior Court of Justice (Commercial List) for protection
under the Companies' Creditors Arrangement Act ("CCAA"), in order
to continue to restructure its business.

Sears Canada and its subsidiaries on June 22, 2017, were granted
an order (the "Initial Order") under the Companies' Creditors
Arrangement Act (the "CCAA").  Pursuant to the Initial Order, FTI
Consulting has been appointed Monitor.  The Initial Order also
provides for a stay of proceedings for an initial 30-day period
until July 22, 2017, subject to further extensions by the Court.

The Company has engaged BMO Capital Markets, as financial advisor,
and Osler, Hoskin & Harcourt LLP, as legal advisor.  The Board of
Directors and the Special Committee of the Board of Directors of
the Company has retained Bennett Jones LLP, as legal advisor.

FTI Consulting is the Court-appointed monitor.  The Monitor tapped
Norton Rose Fulbright Canada LLP as counsel.


SEARS CANADA: Fairholme Capital Reports 20.7% Stake as of July 6
----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Fairholme Capital Management, L.L.C. reported
beneficial ownership of 21,125,096 common shares (representing
20.7%); Bruce R. Berkowitz reported beneficial ownership of   
21,468,056 common shares (representing 21.1%); and Fairholme Funds,
Inc. reported beneficial ownership of 12,014,115 common shares
(representing 11.8%) of Sears Canada Inc. as of July 6, 2017.

Accounts advised by Fairholme Capital Management, LLC purchased an
aggregate of 25,934 shares for the period from May 5, 2017, through
May 29, 2017, for investment.  The Reporting Persons evaluate their
investment in the Shares on a continual basis.

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

                     https://is.gd/GM0Jqe

                      About Sears Canada

Sears Canada Inc. is an independent Canadian digital and
store-based retailer and technology company whose head office is
based in Toronto.  Sears Canada's unique brand format offers
premium quality Sears Label products, designed and sourced by Sears
Canada, and of-the-moment fashion and home decor from designer
labels in The Cut @Sears.  Sears Canada also has a top ranked
appliance and mattress business in Canada.  Sears Canada is
undergoing a reinvention, including new customer experiences at
every touchpoint, a new e-commerce platform, new store concepts,
and a new set of customer service principles designed to deliver
WOW experiences to customers.  Information can be found at
sears.ca/reinvention.  Sears Canada operates as a separate entity
from its U.S.-based co-founder, now known as Sears Holdings
Corporation, based in Illinois.

The Company's balance sheet as of April 29, 2017, showed total
assets of C$1.187 billion against total liabilities of C$1.108
billion.

Amid mounting losses and liquidity constraints Sears Canada and
certain of its subsidiaries on June 22, 2017, applied to the
Ontario Superior Court of Justice (Commercial List) for protection
under the Companies' Creditors Arrangement Act ("CCAA"), in order
to continue to restructure its business.

Sears Canada and its subsidiaries on June 22, 2017, were granted
an order (the "Initial Order") under the Companies' Creditors
Arrangement Act (the "CCAA").  Pursuant to the Initial Order, FTI
Consulting has been appointed Monitor.  The Initial Order also
provides for a stay of proceedings for an initial 30-day period
until July 22, 2017, subject to further extensions by the Court.

The Company has engaged BMO Capital Markets, as financial advisor,
and Osler, Hoskin & Harcourt LLP, as legal advisor.  The Board of
Directors and the Special Committee of the Board of Directors of
the Company has retained Bennett Jones LLP, as legal advisor.

FTI Consulting is the Court-appointed monitor.  The Monitor tapped
Norton Rose Fulbright Canada LLP as counsel.


SEARS HOLDINGS: Edward Lampert Reports 53.8% Stake as of July 7
---------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of shares of common stock of Sears Holdings as of July 7, 2017:

                                    Number of     Percentage
                                      Shares           of
                                   Beneficially    Outstanding
   Name                                Owned        Shares
   ----                            ------------   ------------
ESL Partners, L.P.                  63,374,656        56.5%
SPE I Partners, LP                  150,124         0.1%
SPE Master I, LP                    193,341            0.2%
RBS Partners, L.P.                  63,718,121        56.9%
ESL Investments, Inc.               63,718,121        56.9%
Edward S. Lampert                   63,718,121        53.8%

The percentages are based upon 107,265,571 shares of Holdings
Common Stock outstanding as of May 19, 2017, as disclosed in
Holdings' Quarterly Report on Form 10-Q for the fiscal quarter
ended April 29, 2017, that was filed by Holdings with the SEC on
May 25, 2017, and 4,808,465 shares of Holdings Common Stock that
Partners has the right to acquire within 60 days pursuant to the
Warrants held by Partners.

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

                    https://is.gd/w0xz7x

                         About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused  

on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $2.22 billion on $22.13
billion of revenues for the fiscal year 2016, compared to a net
loss of $1.12 billion on $25.14 billion of revenues for the fiscal
year 2015.

                          *     *     *

As reported by the TCR on Jan. 30, 2017, Fitch Ratings has affirmed
the Long-term Issuer Default Ratings (IDR) on Sears Holdings
Corporation (Holdings) and its various subsidiary entities
(collectively, Sears) at 'CC'.

The TCR reported on Dec. 19, 2016, that S&P Global Ratings affirmed
its ratings, including the 'CCC+' corporate credit rating, on Sears
Holdings Corp.  "We revised our assessment of Sears' liquidity to
less than adequate from adequate based on the impact of continued
and meaningful cash use and constraints on contractually committed
liquidity from cash use and incremental secured funded borrowings,"
said credit analyst Robert Schulz.  "We do not incorporate any
significant prospective asset sales or execution of strategic
alternatives for legacy hardline brands into our assessment of
committed liquidity."

As reported by the TCR on Jan. 24, 2017, Moody's Investors Service
downgraded Sears Holdings Corporate Family Rating to 'Caa2' from
'Caa1'.  Sears' 'Caa2' rating reflects the company's sizable
operating losses - Domestic Adjusted EBITDA (as defined by Sears)
was a loss of $884 million in the latest 12 month period.


SEARS HOLDINGS: Extends Debt Maturity & Derisks Pension Obligations
-------------------------------------------------------------------
Sears Holdings Corporation announced agreements to extend a portion
of its $500 million 2016 Secured Loan Facility and annuitize $515
million of its pension obligations.  These actions serve to reduce
the size of the Company's debt and pension obligations, as well as
future risk associated with the Company's liabilities.

On May 22, 2017, certain of Holdings' subsidiaries entered into an
agreement to repay $100 million of its $500 million 2016 Secured
Loan Facility at its original maturity in July 2017 and to extend
the maturity of the remainder of the loan until January 2018.  The
agreement also provides the Company with the option to further
extend the maturity of the loan for an additional six months to
July 2018.  Entities affiliated with JPP, LLC and JPP II, LLC, and
Cascade Investment, L.L.C. are the lenders under the Loan Facility.
The terms of the Loan Facility were approved by the Related Party
Transactions Subcommittee of the Board of Directors of the Company,
with advice from Centerview Partners and Weil Gotshal & Manges, the
Subcommittee's outside financial and legal advisors.

In addition, on May 15, 2017, the Company entered into an agreement
to annuitize $515 million of pension liability with Metropolitan
Life Insurance Company, under which MLIC will pay future pension
benefit payments to approximately 51,000 retirees. This action is
expected to have an immaterial impact on the funded status of the
Company's total pension obligations, but will serve to reduce the
size of the Company's combined pension plan, future cost volatility
and plan administrative expenses.

The Company is targeting a reduction in its outstanding debt and
pension obligations of $1.5 billion for fiscal 2017 through
improving profitability, asset sales, and working capital
management.

                          About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused  

on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $2.22 billion on $22.13
billion of revenues for the fiscal year 2016, compared to a net
loss of $1.12 billion on $25.14 billion of revenues for the fiscal
year 2015.

                          *     *     *

As reported by the TCR on Jan. 30, 2017, Fitch Ratings has affirmed
the Long-term Issuer Default Ratings (IDR) on Sears Holdings
Corporation (Holdings) and its various subsidiary entities
(collectively, Sears) at 'CC'.

The TCR reported on Dec. 19, 2016, that S&P Global Ratings affirmed
its ratings, including the 'CCC+' corporate credit rating, on Sears
Holdings Corp.  "We revised our assessment of Sears' liquidity to
less than adequate from adequate based on the impact of continued
and meaningful cash use and constraints on contractually committed
liquidity from cash use and incremental secured funded borrowings,"
said credit analyst Robert Schulz.  "We do not incorporate any
significant prospective asset sales or execution of strategic
alternatives for legacy hardline brands into our assessment of
committed liquidity."

As reported by the TCR on Jan. 24, 2017, Moody's Investors Service
downgraded Sears Holdings Corporate Family Rating to 'Caa2' from
'Caa1'.  Sears' 'Caa2' rating reflects the company's sizable
operating losses - Domestic Adjusted EBITDA (as defined by Sears)
was a loss of $884 million in the latest 12 month period.


SNEH AND SAHIL: May Use Cash Collateral Until Aug. 4
----------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois has
entered an agreed interim order authorizing Sneh and Sahil
Enterprises, Inc., to use cash collateral of MB Financing Bank
until Aug. 4, 2017.

A further hearing on the Debtor's use of cash collateral will be
held on Aug. 3, 2017, at 10:00 a.m.

According to the Interim Order, the Debtor must make a $2,100
adequate protection payment to MB by July 15, 2017, and thereafter
in the same amount on the 15th day of each subsequent month.

MB is granted a postpetition replacement lien in the Debtor's
property to the extent that the value of the prepetition cash
collateral diminishes postpetition.

The Debtor must establish its sole debtor-in-possession operating
account at MB and must maintain the operating account at MB
throughout the bankruptcy proceeding.  The Debtor may not establish
or maintain any other deposit account at any other financial
institution while the bankruptcy proceeding is pending without the
prior written consent of MB.

The Debtor is authorized to use cash collateral conditioned on
these terms and conditions:

     (a) the Debtor must make a $2,100 adequate protection payment

         to MB on or before July 15, 2017, and thereafter in the
         same amount on the 15th day of each subsequent month;

     (b) MB is granted a post-petition replacement lien in the
         Debtor's property to the extent that the value of the
         prepetition cash-collateral diminishes post-petition;

     (c) the Debtor must establish its sole debtor-in-possession
         operating account at MB and must maintain the operating
         account at MB throughout the bankruptcy proceeding.  The
         Debtor may not establish or maintain any other deposit
         account at any other financial institution while this
         bankruptcy proceeding is pending without the prior
         written consent of MB;

     (d) the Debtor is authorized to pay from the funds in their
         debtor-in-possession operating accounts only: (i) those
         types of expenditures specified in the budget, and (ii)
         in the amounts set forth for each line item expenditure
         in the budget.  Total expenditures may not exceed 10%
         over the proposed expenditures in the budget;

     (e) the Debtor will not use, sell or otherwise dispose of any

         of Debtor's assets, except in the ordinary course of its
         business, without further order of the Court; and

     (f) the Debtor agrees not to incur any further indebtedness
         other than in the ordinary course of business, grant or
         provide liens, or guaranty other obligations, without the

         prior written consent of MB and the Court.

The occurrence of any of these events, unless and until waived
specifically in writing by MB, will constitute an event of default
which will result in the termination of the Debtor's authority to
use cash collateral:

     (a) material non-compliance by Debtor with any of the terms
         or provisions of the court order including material non-
         authorized use of cash collateral or the failure to
         timely pay a real estate tax bill on the premises;

     (b) a trustee or examiner is appointed for the Debtor or a
         motion seeking appointment is filed by the Trustee, or
         any other party in interest, alleging fraud, defalcation,
         criminal wrongdoing or intentional tort by the Debtor,
         which motion is not denied or withdrawn within 15
         business days of its presentation;

     (c) the Debtor fails to keep its assets insured;

     (d) an order modifying or terminating the automatic stay is
         entered on a motion brought by MB or by other entities
         without consent of MB;

     (e) consummation of the sale of all or substantially all of
         the Debtor's assets;

     (f) confirmation of any Chapter 11 Plan for the Debtor;

     (g) the Chapter 11 case is dismissed or converted to a case
         under Chapter 7;

     (h) the Debtor fails to adhere to the budget in any material
         respect; or

     (i) the occurrence of a material adverse change in the
         business of the Debtor.

A copy of the court order is available at:

           http://bankrupt.com/misc/ilnb17-18861-13.pdf

As reported by the Troubled Company Reporter on July 6, 2017, the
Debtor sought interim authorization from the Court for the use of
the cash collateral, pending a final hearing.  The amounts the
Debtor seeks immediately to use are limited to those amounts that
are necessary to preserve and maintain the value of the Debtor's
estate, and will be used in accordance with the Budget.  The Debtor
has prepared a monthly budget projecting expenses in the aggregate
sum of $81,334.

                      About Spruha Shah and
                          Sneh and Sahil

Spruha Shah, LLC, a Single Asset Real Estate as defined in 11
U.S.C. Section 101(51B), is the owner of the real property commonly
known as 500 S. Hicks Rd., Palatine, Illinois.

Sneh and Sahil Enterprises, Inc. -- http://www.arlingtonrental.com/
-- does business under two assumed names, as follows: (a) Arlington
Rental, which is in the business of the rental of party equipment
and supplies, like tents, portable dance floors, tables chairs and
other catering needs, and (b) R Lederleitner Landscape, which is in
the business of performing landscaping services.  It operates from
a commercial property owned by Spruha Shah.  

Spruha Shah, LLC and Sneh and Sahil Enterprises, Inc., filed
Chapter 11 bankruptcy petitions (Bankr. N.D. Ill. Case Nos.
17-18858 and 17-18861, respectively), on June 22, 2017.  The
petitions were signed by Sanjay Shah, managing member.  At the time
of filing, the Debtors had estimated assets and liabilities ranging
between $1 million to $10 million.

The Hon. Deborah L. Thorne presides over Spruha Shah's Chapter 11
case
and the Hon. Benjamin A. Goldgar presides over Sahil Enterprises'
case.

The Debtors are represented by Timothy C. Culbertson, Esq., at the
Law Offices of Timothy C. Culbertson.


SPI ENERGY: Receives Nasdaq Delisting Determination
---------------------------------------------------
SPI Energy Co., Ltd., received a delisting determination from the
Listing Qualifications Department of The Nasdaq Stock Market, Inc.
on June 30, 2017, indicating that as a result of failure of the
Company to file its Form 20-F for the year ended Dec. 31, 2016,
unless the Company requests an appeal of the Determination, trading
of the Company's American depositary shares will be suspended from
The Nasdaq Global Select Market at the opening of business on July
11, 2017, and a Form 25-NSE will be filed with the Securities and
Exchange Commission, which will remove the Company's securities
from listing and registration on Nasdaq.

The Company plans to timely submit a request for hearing to a
Hearings Panel of Nasdaq.  A request for a hearing regarding a
delinquent filing will stay the suspension of the Company's ADSs
for a period of 15 days from the date of the request.  The Panel
may or may not grant the Company a stay beyond that period based on
the Company's specific request for a further stay.

Hearings are typically scheduled to occur approximately 30-45 days
after the date of the hearing request.  At the hearing, the Company
plans to present its plan to regain compliance with the Nasdaq
listing rules and to request the continued listing of its ADSs on
Nasdaq pending such compliance.  There can be no assurance that the
Panel will grant the Company's requests.

                     About SPI Energy Co.

SPI Energy Co., Ltd. is a global clean energy market place for
business, residential, government and utility customers and
investors.  SPI Energy focuses on the downstream PV market
including the development, financing, installation, operation and
sale of utility-scale, residential/commercial solar power and
storage projects, and clean energy solution provider in China,
Japan, Europe and North America.  The Company operates an
innovative online energy e-commerce and investment platform,
www.solarbao.com, which enables individual and institutional
investors to purchase innovative PV-based investment and other
products; as well as www.solartao.com, a B2B e-commerce platform
offering a range of PV products for both upstream and downstream
suppliers and customers.  The Company has its operating
headquarters in Hong Kong and maintains global operations in Asia,
Europe, North America and Australia.

SPI Energy reported a net loss of $185 million on $191 million of
net sales for the year ended Dec. 31, 2015, compared to a net
loss of $5.19 million on $91.6 million of net sales for the year
ended Dec. 31, 2014.  As of June 30, 2016, SPI Energy had $549.36
million in total assets, $414.96 million in total liabilities and
$134.40 million in total stockholders' equity.

KPMG Huazhen LLP, in Shanghai, China, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2015, citing that SPI Energy Co., Ltd., and
its subsidiaries have suffered significant losses from operations
and have a negative working capital as of Dec. 31, 2015.  In
addition, the Group has substantial amounts of debts that will
become due for repayment in 2016.  The auditors said these
factors raise substantial doubt about the Group's ability to
continue as a going concern.


STONE FOX: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------
The Office of the U.S. Trustee on July 10 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Stone Fox Capital LLC.

                  About Stone Fox Capital LLC

Stone Fox Capital LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 17-22680) on June 30,
2017.  Judge Carlota M. Bohm presides over the case.

The Debtor previously filed Chapter 11 petition (Bankr. W.D. Pa.
Case No. 16-24791).  That case was filed on December 29, 2016, and
was dismissed on January 17, 2017.


TANNER COMPANIES: Court Allows GreerWalker to Audit 401(k) Plan
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of North
Carolina authorized GreerWalker LLP to conduct an annual audit of
Tanner Companies, LLC's 401(k) plan.

The Debtor's original application, which was approved on February
28 by the court, did not specify whether a 401(k) audit was
included in the scope of the firm's services.

GreerWalker will charge the 401(k) plan a flat fee of $7,900 for
its annual audit.  

Pursuant to the current provisions of the 401(k) plan, it is the
plan, not the Debtor, which pays for the annual audit.

                    About Tanner Companies

Tanner Companies, LLC's business generally consists of the design
and direct sales of high-end seasonal women's luxury apparel and
accessories, under the Doncaster label, through
independently-contracted sales stylists.

Tanner Companies filed a Chapter 11 bankruptcy petition (Bankr.
W.D.N.C. Case No. 17-40029) on Jan. 27, 2017.  The petition was
signed by Elaine T. Rudisill, chief restructuring officer.  The
Debtor disclosed total assets of $4.30 million and total
liabilities of $18.12 million.  

The case is assigned to Judge Craig J. Whitley.  

Joseph W. Grier, III, Esq., at Grier Furr & Crisp, PA, is serving
as the Debtor's counsel.  GreerWalker LLP is the accountant, and
Elaine T. Rudisill of The Finley Group, Inc., is the chief
restructuring officer.

The official committee of unsecured creditors has five members: (1)
Design One, Inc.; (2) INK4, Inc.; (3) William A. Joyner; (4) Laura
Kendall; and (5) Catherine Schepis.

Melanie D. Johnson Raubach, Esq., at Hamilton Stephens Steele +
Martin, PLLC, has been retained as the committee's attorney.


TERRAFORM AP: Moody's Affirms Ba3 Loan Rating, Outlook Stable
-------------------------------------------------------------
Moody's Investor Service affirmed TerraForm AP Acquisition
Holdings, LLC's Ba3 rating on its senior secured term loan and
changed the outlook to stable from negative.

RATINGS RATIONALE

The rating action reflects the successful sale of SunEdison, Inc's
(SunEdison) indirect equity interests in the borrower to funds
managed by DIF that was completed in June 2017. With EUR 3.7
billion of assets under management, DIF is an experienced investor
of infrastructure projects and the change in ownership eliminates
the contagion risk from SunEdison's bankruptcy. Going forward, DIF
also will provide management services while administrative and
balance of plant O&M services will be provided by a third party
subject to a transition period with SunEdison affiliates. Since
SunEdison's bankruptcy, one of the most significant contagion risks
faced by the borrower was its inability to produce the 2015 audited
financials on a timely basis that led to a lengthy period of
technical defaults in 2016. The technical default was ultimately
resolved in December 2016 through a limited waiver and forbearance
agreement with the borrower's lenders and delivery of 2015 audited
financials. Moody's further note the 2016 audited financials were
delivered in 2017 within the extended delivery period allowed in
the waiver and forbearance agreement.

The rating action also considers Moody's expectations of improved
financial performance owing to stronger operating performance and
lower interest costs in 2017 and onward. For Q1 2017, Terraform
AP's assets achieved net production well above budget, which
Moody's view positively relative to previous years, which had a
major weather related outage at Canadian Hills in Q4 2015 and
wildfire related outage at Meadow Creek and Goshen in 2016. The
outages have weighed on the borrower's historical financial
performance during 2016 as consolidated debt service coverage ratio
(DSCR) was 1.2x and consolidated FFO to Debt was around 6%.
Prospectively, the borrower will benefit from lower interest costs
as interest margins step down on the term loan given the ownership
change.

Other factors that support the Ba3 rating are long term contracted
cash flows, asset diversification, and some project features
including a 100% excess cash sweep. The project's credit quality
further reflects the borrower's exposure to wind resource risk, the
lack of reserve funds like a debt service reserve, the term loan's
security package, which is limited to subsidiary stock, and
structural subordination to tax equity and project level debt. The
lack of reserves are an important consideration given the
borrower's historical outages.

The stable outlook reflects Moody's expectations of improved
operating performance resulting in consolidated DSCR in the
1.3-1.4x range and consolidated FFO to Debt in excess of 6%.

The borrower's rating could improve if it can achieve consolidated
FFO to Debt exceeding 12% and DSCR exceeding 2.4x on a sustained
basis or substantially improved liquidity on a sustained basis.

Alternatively, Terraform AP's rating could decline if its plants
incurred major operating problems on a sustained basis or if
financial metrics weakened with consolidated FFO to Debt below 5%
or consolidated DSCR below 1.3x for an extended period.

TerraForm AP Acquisition Holdings, LLC owns a net 521 MW portfolio
of operating wind power plants. The portfolio includes interests in
the 120 MW (100% ownership) Meadow Creek, 80 MW (50%, net 40 MW)
Rockland Wind, 183 MW (27.6%, net 50 MW) Idaho Wind and 125 MW
(12.5%, net 16 MW) Goshen projects in Idaho and the 298 MW (99%,
net 295 MW) Canadian Hills project in Oklahoma. Output from the
projects has been fully contracted with investment grade utilities.
The borrower is indirectly owned by DIF managed funds.


TIDEWATER INC: Equity Committee Objects to Plan
-----------------------------------------------
BankruptcyData.com reported that Tidewater Inc.'s official
committee of equity security holders filed with the U.S. Bankruptcy
Court an objection to the Company's Prepackaged Chapter 11 Plan of
Reorganization.  The committee asserts, "First, the Plan fails
under Bankruptcy Code Sections 1129(a)(3) and 502(b) because it
provides undue value to Noteholders on account of an undisclosed
creditor arrangement providing value under the Plan for a
Make-Whole Claim that should rightfully be disallowed.  Disallowing
the Make-Whole Claim adds an additional approximately $91 million
of value available to equity. Second, the Equity Warrants
impermissibly discriminate against non-US holders.  To ensure the
Debtors remain in compliance with the Jones Act, the Debtors may
deny non-US Citizens the right to exercise the Warrants. However,
the Debtors have failed to provide standard alternatives that would
allow non-US Citizens to receive the economic benefit of exercising
the Warrants while keeping the Debtors in compliance with the Jones
Act . . . .  The Plan fails to treat the Equity Committee and its
professionals fairly.  The Equity Committee and its professionals
are excluded from the releases, exculpations, and fee procedures
under the Plan. The Plan must be modified to treat the Equity
Committee and its professionals in the same manner as other case
fiduciaries."

                       About Tidewater Inc.

Founded in 1955, Tidewater, Inc. (NYSE: TDW) is a publicly traded
international petroleum service company headquartered in New
Orleans, Louisiana, U.S.  It operates a fleet of ships, providing
vessels and marine services to the offshore petroleum industry.

Tidewater Inc. and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Lead Case No. 17-11132) on May 17, 2017.
The petitions were signed by Bruce Lundstrom, executive vice
president, general counsel and secretary.

Tidewater, Inc., disclosed $4.31 billion in total assets and $2.34
billion in debt as of Dec. 31, 2016.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel; Richards,
Layton & Finger, P.A., as co-counsel; Jones Walker LLP, as
corporate counsel; AlixPartners, LLP, as financial advisors; Lazard
Freres & Co. LLC, as investment banker; KPMG LLP, as restructuring
tax consultant; Deloitte & Touche LLP as auditor and tax
consultant; Ernst & Young as tax advisor; and Epiq Bankruptcy
Solutions, LLC, as administrative advisors, and claims and
solicitation agent.

An unofficial committee of noteholders of Tidewater Inc., et al.,
has retained Paul, Weiss, Rifkind, Wharton & Garrison LLP, as
restructuring counsel, and Blank Rome LLP, as maritime counsel in
connection with restructuring discussions.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on June 20
appointed three creditors to serve on the committee of equity
security holders; and three creditors to serve on the official
committee of unsecured creditors.  Counsel to the Equity Committee
are Saul Ewing LLP and Brown Rudnick LLP.  Lawyers at Whiteford,
Taylor & Preston LLC represent the Unsecured Creditors Committee.


TROPICANA ENTERTAINMENT: S&P Affirms BB- CCR, Outlook Stable
------------------------------------------------------------
S&P Global Ratings affirmed its ratings on Las Vegas-based
Tropicana Entertainment Inc., including the 'BB-' corporate credit
rating. The rating outlook is stable.

S&P said, "The affirmation follows a revision in our financial
policy assessment on the company to remove our previous financial
sponsor designation based on our determination that Tropicana's
owner, Icahn Enterprises, is not a financial sponsor. Absent
acquisitions, we expect Tropicana's adjusted debt to EBITDA to be
around 2x and funds from operations (FFO) to debt to be in the
mid-30% area through 2018, in line with our revised intermediate
assessment. However, we believe the company will continue to
actively pursue acquisition opportunities to diversify its
portfolio, which could add leverage over time, and this supports
our negative financial policy assessment. We expect that Tropicana
will also manage any acquisitions in a manner that does not cause
leverage to remain above 4x, as it did when it acquired Lumiere
Place in 2013.

"The stable outlook on Tropicana reflects our expectation that
leverage will remain around 2x through 2018, providing ample
cushion for the company to pursue acquisition and development
opportunities. Additionally, we expect Tropicana will manage any
future acquisitions or development opportunities such that leverage
remains below 4x.

"We believe a downgrade is unlikely, given the company has good
cushion in its credit metrics compared to our leverage threshold of
4x under our base-case assumptions. We could lower the rating if
Tropicana takes a more aggressive approach to acquisition spending
than we currently anticipate or if operating performance
deteriorates meaningfully at a time of heightened acquisition or
development activity, such that we expect leverage will stay over
4x.

"An upgrade is unlikely over the next two years, given our
expectation that Tropicana will continue to seek acquisitions and
development opportunities that could add leverage over time. We
could raise the rating if the company pursues acquisitions that
further diversify cash flow and reduce reliance on properties in
highly competitive and challenged markets in a manner that
strengthens our business risk assessment, while keeping leverage
under 4x."


VALUEPART INC: Plan Outline Hearing Set for August 8
----------------------------------------------------
The U.S. Bankruptcy Court for the Northern District Texas approved
Valuepart, Incorporated's disclosure statement in support of its
chapter 11 plan of reorganization.

The hearing to consider the confirmation of the Plan is fixed and
will be held on August 8, 2017, at 9:00 a.m. (CDT) before the
Honorable Harlin D. Hale, U.S. Bankruptcy Judge for the Northern
District of Texas, at 1100 Commerce Street, 14th Floor, Courtroom
#3, Dallas, Texas 75242.

The deadline for filing and serving Objections to confirmation of
the Plan fixed as August 1, 2017, at 6:00 p.m. (CDT).

The Troubled Company Reported previously reported that under the
plan, general unsecured creditors will recover between 30% and 35%
of their allowed claims.

Distributions to be made under the plan will be funded from
business operations of the reorganized company, liquidation of the
creditor trust's assets, and a $16.1 million exit financing from
PNC or another financial institution.

A copy of the disclosure statement is available for free at:

                  https://is.gd/tUVFwq

              About ValuePart, Incorporated

ValuePart, Incorporated filed a Chapter 11 petition (Bankr. N.D.
Tex. Case No. 16-34169), on Oct. 27, 2016. The petition was signed
by Isa Passini, vice president. The case is assigned to Judge
Harlin DeWayne Hale. The Debtor estimated assets and liabilities
at $10 million to $50 million.

ValuePart is a Chicago-based distributor of aftermarket
replacement
parts for off-highway earthmoving equipment manufacturers such as
Caterpillar, Case, Komatsu, Deere, International, Bobcat and
Hitachi, along with many others. At the time of the bankruptcy
filing, the Debtor operated from eight locations in Illinois,
Texas, Nevada, Washington, Ohio, Georgia, Vancouver and Toronto,
and employed approximately 70 employees. Although headquartered in
Vernon Hills, Illinois, the Debtor's largest distribution center
is
located in Dallas, Texas.

The Debtor is represented by Marcus Alan Helt, Esq., Mark C.
Moore,
Esq. and Thomas C. Scannell, Esq., at Gardere Wynne Sewell LLP.  

The Debtor hired CR3 Partners, LLC as restructuring advisor;
Upshot
Services LLC as claims and noticing agent; Hogg Shain & Scheck, PC
as Canadian accounting advisor; Nixon Peabody LLP as special
counsel; FocalPoint Securities LLC as investment banker; Tax
Advisors Group, Inc., as property tax consultant; Plante & Moran,
PLLC as tax advisor; and Hogg Shain & Scheck, PC, as Canadian
accounting advisor.

On November 30, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee hired
Kane Russell Coleman & Logan PC as its legal counsel, and Lain
Faulkner & Co., P.C. as its financial advisor.


WALTER INVESTMENT: Obtains Separate Default Waivers From Lenders
----------------------------------------------------------------
As previously announced by Walter Investment Management Corp. on a
Current Report on Form 8-K filed with the Securities and Exchange
Commission on May 26, 2017, due to an error in the Company's
calculation of the valuation allowance on its deferred tax asset
balances, the Company has concluded that the previously issued
audited consolidated financial statements and other financial
information contained in the Company's Annual Report on Form 10-K
for the fiscal year ended Dec. 31, 2016, and the previously issued
unaudited consolidated financial statements and other financial
information contained in the Company's Quarterly Reports on Form
10-Q for the fiscal periods ended June 30, 2016, Sept. 30, 2016,
and March 31, 2017, should no longer be relied upon and will
require restatement.

As disclosed on subsequent Current Reports on Form 8-K filed with
the SEC on June 2, 2017, and June 12, 2017, in light of the
Company's need to restate the aforementioned financial statements,
the Company received limited waivers from each of its warehouse and
advance facility lenders to the extent necessary to waive any
default, event of default, amortization event, termination event or
similar event resulting or arising from the Restatement.  Those
waivers, as amended, supplemented or extended, expired on July 7,
2017, prior to which time the Company sought additional waivers or
extensions as needed.

On July 7, 2017, the Company obtained an additional limited waiver
to its Amended and Restated Receivables Loan Agreement, dated May
2, 2012, by and among Green Tree Advance Receivables II LLC, as
borrower, Ditech Financial LLC (f/k/a Green Tree Servicing LLC), as
administrator, the financial institutions from time to time party
thereto, Wells Fargo Bank, National Association, as calculation
agent, verification agent, account bank and securities intermediary
and Wells Fargo Capital Finance, LLC, as agent and sole Lender, and
related transaction documents.

On July 7, 2017, the Company obtained additional limited waivers to
the following agreements and related transaction documents:

   * Amended and Restated Master Repurchase Agreement, dated
     May 22, 2017, among Reverse Mortgage Solutions, Inc., as a
     seller, RMS REO BRC, LLC, as a seller, and Barclays Bank PLC,
     as purchaser and agent; and

   * Amended and Restated Master Repurchase Agreement, dated as of
     Feb. 21, 2017, among Credit Suisse First Boston Mortgage
     Capital LLC, as administrative agent, Credit Suisse AG,
     acting through its Cayman Islands Branch, as a committed
     buyer and a buyer, Alpine Securitization LTD, as a buyer, and

     other buyers joined thereto from time to time, Reverse
     Mortgage Solutions, Inc., as a seller, and RMS REO CS, LLC.

The Company has received similar additional limited waivers from
each of its other warehouse and advance facility lenders to the
extent necessary.

The Waivers waive any default, event of default, amortization
event, termination event or similar event resulting or arising from
the Restatement and extend the expiration dates of such waiver from
July 7, 2017, to July 31, 2017, prior to which time the Company
intends to seek additional waivers or extensions.

In connection with providing the various waivers, certain of the
Company's lenders have effected reductions in the Company's advance
rates and/or have required other changes to the terms of such
facilities.  The Company will continue to seek appropriate
amendments, waivers and/or forbearances to a number of its and its
subsidiaries' credit, financing and other arrangements, in relation
to the Restatement, as it considers advisable.

                   About Walter Investment

Walter Investment Management Corp. and its subsidiaries --
http://www.walterinvestment.com/-- are independent servicer and
originator of mortgage loans and servicer of reverse mortgage
loans.  The Company services a wide array of loans across the
credit spectrum for its own portfolio and for GSEs, government
agencies, third-party securitization trusts and other credit
owners.  Through the consumer, correspondent and wholesale lending
channels, the Company originates and purchases residential mortgage
loans that are predominantly sold to GSEs and government agencies.
The Company also operates two supplementary businesses; asset
receivables management and real estate owned property management
and disposition.

As of March 31, 2017, Walter Investment had $16.19 billion in total
assets, $15.91 billion in total liabilities and $282.97 million in
total stockholders' equity.  Walter Investment reported a net loss
of $529.15 million for the year ended Dec. 31, 2016, compared to a
net loss of $263.19 million for the year ended Dec. 31, 2015.

                           *    *    *

As reported by the TCR on March 22, 2017, S&P Global Ratings said
it lowered its long-term issuer credit rating on Walter Investment
Management Corp. to 'CCC' from 'B'.  The outlook is negative.  At
the same time, S&P also lowered the rating on the company's senior
secured term loan to 'CCC' from 'B' and the rating on its senior
unsecured notes to 'CC' from 'CCC+'.

The TCR reported on June 9, 2017, that Moody's Investors Service
downgraded its long-term corporate family rating on Walter
Investment Management Corp. to to Caa2 from Caa1.  The rating
action is due to the growing risk of a debt restructuring that
Moody's believes is presented by the company's depleted capital,
which is due to its continued losses.


WEATHERFORD INT'L: Registers Add'l 21M Shares for Incentive Plan
----------------------------------------------------------------
Weatherford International public limited company filed a Form S-8
registration statement with the Securities and Exchange Commission
to register an additional 21,000,000 Ordinary Shares, par value
$0.001 per share, of the Company pursuant to the Weatherford
International plc 2010 Omnibus Incentive Plan.  The Board of
Directors of the Company approved a Second Amendment to the Plan on
March 10, 2017, and the Second Amendment was approved by the
Company's shareholders on June 15, 2017.  The Second Amendment
amends the terms of the Plan to, among other things, increase the
number of Ordinary Shares available for issuance under the Plan
from 43,144,000 Ordinary Shares to 64,144,000 Ordinary Shares.
A full-text copy of the prospectus is available for free at:

                      https://is.gd/Dn0SOq

                       About Weatherford

Ireland-based Weatherford International plc (NYSE: WFT) --
http://www.weatherford.com/-- is a multinational oilfield service
company providing innovative solutions, technology and services to
the oil and gas industry.  The Company operates in over 90
countries and has a network of approximately 880 locations,
including manufacturing, service, research and development, and
training facilities and employs approximately 29,500 people.

Weatherford International reported a net loss attributable to the
Company of $3.39 billion on $5.74 billion of total revenues for the
year ended Dec. 31, 2016, compared to a net loss attributable to
the Company of $1.98 billion on $9.43 billion of total revenues for
the year ended Dec. 31, 2015.  As of March 31, 2017, Weatherford
had $12.16 billion in total assets, $10.47 billion in total
liabilities and $1.69 billion in total shareholders' equity.

                         *     *     *

In November 2016, Fitch Ratings has downgraded the ratings for
Weatherford and its subsidiaries, including the companies'
Long-Term Issuer Default Ratings (IDRs) to 'CCC' from 'B+'.

In November 2016, S&P Global Ratings lowered its corporate credit
rating on Weatherford International to 'B+' from 'BB-'.  "The
downgrade reflects our revised free operating cash flow estimates
for Weatherford following weaker-than-anticipated cash inflows in
the third quarter," said S&P Global Ratings credit analyst Carin
Dehne-Kiley.


WESTMORELAND RESOURCE: Amends Coal Supply Pact with Pacificorp
--------------------------------------------------------------
Westmoreland Kemmerer, LLC, a wholly owned subsidiary of
Westmoreland Resource Partners, LP, and Pacificorp entered into an
amendment to the parties' 2017 coal supply agreement.  Under the
Amendment, the Parties increased the Annual Maximum for Contract
Years 2017-2021 and decreased the Tier 2 price threshold.
Additionally, the Amendment adjusted shortfall and inventory
provisions for Contract Year 2017-2018 to mirror the terms already
in place for the 2017 Stub Year.  Each of the tonnage terms
relating to the Annual Maximum, Tier 2 price threshold, shortfall
and inventory were omitted from the 2017 Agreement upon its
original filing pursuant to a request for confidential treatment to
the Securities and Exchange Commission.

                  About Westmoreland Resource

Oxford Resource Partners, LP, now known as Westmoreland Resource
Partners, LP -- http://www.westmorelandMLP.com/-- is a producer of
high value steam coal, and is the largest producer of surface mined
coal in Ohio.

Westmoreland Resource reported a net loss of $31.58 million on
$349.34 million of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of $33.68 million on $384.70 million of
total revenues for the year ended Dec. 31, 2015.

As of March 31, 2017, the Company had $375.6 million in total
assets, $414.03 million in total liabilities and a total deficit of
$38.45 million.


ZEBRA TECHNOLOGIES: S&P Puts BB+ Issue Rating on CreditWatch Neg.
-----------------------------------------------------------------
S&P Global Ratings placed its 'BB+' issue rating on Lincolnshire,
Ill.-based Zebra Technologies Corp.'s senior secured credit
instruments on CreditWatch with negative implications. The recovery
rating remains '1', indicating S&P's expectation for very high
recovery (90% to 100%; rounded estimate: 90%) in the event of
payment default.

The CreditWatch placement follows Zebra's announcement that it
provided notice of a conditional partial redemption to the holders
of its $1.05 billion 7.25% unsecured notes due 2022. It intends to
redeem $750 million in principal amount conditional upon the
company issuing new lower-cost financing instruments, including a
term loan. If the new financing is successful and the instruments
are secured, it would lower the mix of unsecured debt, making a
one-notch downgrade of the secured instruments likely.

S&P said the 'BB-' corporate credit rating and stable outlook on
Zebra are unchanged.

"We will monitor developments related to the proposed transaction,
and resolve the CreditWatch listing when more details of the new
instruments emerge, which we expect to occur over the next few
weeks. Any downgrade is likely to be limited to one notch. If the
financing is not successful, we would likely maintain the current
rating and remove it from CreditWatch."

RATINGS LIST

  Zebra Technologies Corp.
   Corporate Credit Rating          BB-/Stable/--

  Rating Placed On CreditWatch; Recovery Rating Unchanged

  Zebra Technologies Corp.
                                    To               From
   Senior Secured                   BB+/Watch Neg    BB+
    Recovery Rating                 1 (90%)          1 (90%)


ZYNEX INC: Pays Off Remaining $2.2M Loan with Triumph Healthcare
----------------------------------------------------------------
Zynex announced that it has paid off the entire remaining loan
balance to Triumph Healthcare Finance.

Thomas Sandgaard, CEO, commented: "We owed Triumph $2.2 million at
the end of the first quarter and improvements in our billing and
collection efforts have enabled us to pay off the loan balance
entirely during the second quarter.  This is a huge win for the
company, as we defaulted on this agreement in 2014 and have been in
a forbearance agreement since then which has been a huge constraint
on our operating flexibility.  All of the funds used to pay off the
loan were a result of cash generated from the operations of the
company.  Our orders were up 7% in the second quarter compared to
the first quarter.  As a result of the improved operating
performance, we now estimate our second quarter results will exceed
our previous estimate.  We are in the process of closing our second
quarter books and will provide as update as soon as the results are
available."

                        About Zynex, Inc.

Zynex, Inc. (OTCQB: ZYXI) specializes in the production and sale of
non-invasive medical devices for pain management, stroke
rehabilitation, neuro-diagnostic equipment, cardiac and blood
volume monitoring.  The company maintains its headquarters in Lone
Tree, Colorado.

Zynex Inc reported net income of $69,000 on $13.31 million of net
revenue for the year ended Dec. 31, 2016, following a net loss of
$2.93 million on $11.64 million of net revenue in 2015.

As of March 31, 2017, Zynex had $4.24 million in total assets,
$7.41 million in total liabilities and a total stockholders'
deficit of $3.16 million.

EKS&H LLLP, in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has suffered recurring
operating losses, has a net capital deficiency, and  needs
additional capital which raise substantial doubt about its ability
to continue as a going concern.


[*] FSS to Showcase Software at NABT Convention in September
------------------------------------------------------------
Financial Software Solutions(TM), which provides web-based and
mobile case management solutions to bankruptcy trustees, law firms
and receivers on July 10 disclosed that the company will showcase
TrusteSolutions(TM) end-to-end Chapter 7 Bankruptcy case management
system at the 2017 NABT Annual Convention, to take place September
13-17 in New Orleans.

This year marks the 15th Anniversary for TrusteSolutions, as well
as the 35th Anniversary of the NABT.

"FSS is proud to be a Platinum sponsor of the NABT Annual
Convention, and we play an active role in NABT activities
throughout the year," said Kristi Singal, CEO of FSS.  "NABT is the
premiere industry organization not only for bankruptcy trustees,
but for bankers, receivers, and a wide range of financial and asset
management professionals."

TrusteSolutions helps trustees manage cases, track assets, organize
filings and ECF documents and conduct banking transactions.  The
system offers an efficient proprietary workflow and is integrated
with Microsoft Exchange, allowing bankruptcy trustees to easily
associate email messages and attachments with the related client
case.

The FSS team will provide product demonstrations and a customer
education session at the convention.  In addition, experts will be
on hand to share information on CORE, a receivership platform for
managing cases with multiple bank accounts and significant document
storage requirements, and BlueStylus, an easy to use web-based case
management and billing software that streamlines law firm
operations with document sharing and email integration.

Bankruptcy trustees in need of a highly rated, cost-effective
system are encouraged to visit the TrusteSolutions website to learn
more.  Trustees planning to attend the NABT 2017 Annual Convention
are invited to schedule an on-site meeting at NABT with
TrusteSolutions.

Financial Software Solutions continues to innovate in bankruptcy
and related markets, providing time management, document management
and bank automation software that streamline information sharing
and case management.

                           About FSS

Financial Software Solutions, LLC --
http://www.trustesolutions.com/-- is a Houston-based software
company that provides cloud-based enterprise software to
professionals across the United States.  TrusteSolutions, a
division of FSS celebrating its 15 year anniversary in service to
the bankruptcy management community, offers an end-to-end Chapter 7
Bankruptcy case management system that helps trustees manage cases,
track assets, organize filings and ECF documents and conduct
banking transactions.  FSS also provides a suite of web-based apps
for legal professionals through its BlueStylus division, which
includes time and billing and document sharing solutions, and the
CORE Receivership platform for managing corporate turnarounds and
restructuring efforts requiring multiple bank accounts and
significant document storage.  FSS is dedicated to providing
enterprise-level software that is easy to learn and easy to use,
helping businesses do more with fewer resources for enhanced
productivity.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Vladimir Vekic
   Bankr. C.D. Cal. Case No. 17-11686
      Chapter 11 Petition filed June 27, 2017
         represented by: Stephen L Burton, Esq.
                         E-mail: steveburtonlaw@aol.com

In re Tomas Ramirez
   Bankr. C.D. Cal. Case No. 17-11692
      Chapter 11 Petition filed June 27, 2017
         represented by: Onyinye N Anyama, Esq.
                         ANYAMA LAW FIRM
                         E-mail: onyi@anyamalaw.com

In re Ronald Gillyard
   Bankr. C.D. Cal. Case No. 17-11693
      Chapter 11 Petition filed June 27, 2017
         represented by: Marvin Levy, Esq.
                         LAW OFFICE OF MARVIN LEVY
                         E-mail: l-levy@sbcglobal.net

In re Retzel Gacayan Fabregas
   Bankr. C.D. Cal. Case No. 17-11698
      Chapter 11 Petition filed June 27, 2017
         represented by: Joshua L Sternberg, Esq.
                         STERNBERG LAW GROUP
                         E-mail: js@sternberglawgroup.com

In re Vance Johnston
   Bankr. D. Colo. Case No. 17-15955
      Chapter 11 Petition filed June 27, 2017
         Filed Pro Se

In re MRA Holdings, LLC
   Bankr. E.D. La. Case No. 17-11656
      Chapter 11 Petition filed June 27, 2017
         See http://bankrupt.com/misc/laeb17-11656.pdf
         represented by: Frederick L. Bunol, Esq.
                         THE DERBES LAW FIRM, L.L.C.
                         E-mail: fbunol@derbeslaw.com

In re PJ Real Estate LLC
   Bankr. D. Md. Case No. 17-18758
      Chapter 11 Petition filed June 27, 2017
         See http://bankrupt.com/misc/mdb17-18758.pdf
         represented by: John Peter Roberts, Esq.
                         THE JOHN ROBERTS LAW FIRM, PC
                         E-mail: john@johnrobertsesq.com

In re Jeffrey E Carter
   Bankr. D.N.J. Case No. 17-23111
      Chapter 11 Petition filed June 27, 2017
         represented by: Scott E. Kaplan, Esq.
                         SCOTT E. KAPLAN, LLC
                         E-mail: scott@sekaplanlaw.com

In re BETRA MFG. CO.
   Bankr. D. Nev. Case No. 17-50783
      Chapter 11 Petition filed June 27, 2017
         See http://bankrupt.com/misc/nvb17-50783.pdf
         represented by: Stephen G Young, Esq.
                         LAW OFFICE OF STEPHEN G. YOUNG
                         E-mail: sgylaw@gmail.com

In re Rina Kassab
   Bankr. E.D.N.Y. Case No. 17-43342
      Chapter 11 Petition filed June 27, 2017
         represented by: Irene Marie Costello, Esq.
                         SHIPKEVICH, PLLC
                         E-mail: icostello@shipkevich.com

In re G.S.T. Inc.
   Bankr. S.D.N.Y. Case No. 17-11791
      Chapter 11 Petition filed June 27, 2017
         See http://bankrupt.com/misc/nysb17-11791.pdf
         represented by: Roy J. Lester, Esq.
                         LESTER & ASSOCIATES, P.C.
                         E-mail: rlester@rlesterlaw.com

In re Louis D. Bottegal and Jennifer L. Bottegal
   Bankr. W.D. Pa. Case No. 17-22614
      Chapter 11 Petition filed June 27, 2017
         represented by: Christopher M. Frye, Esq.
                         STEIDL & STEINBERG
                         E-mail: chris.frye@steidl-steinberg.com

In re Gerard Boeh Flowers, Inc.
   Bankr. W.D. Pa. Case No. 17-22621
      Chapter 11 Petition filed June 27, 2017
         See http://bankrupt.com/misc/pawb17-22621.pdf
         represented by: Stanley A. Kirshenbaum, Esq.
                         E-mail: SAK@SAKLAW.COM

In re Godwin Aldarondo Girald
   Bankr. D.P.R. Case No. 17-04515
      Chapter 11 Petition filed June 27, 2017
         represented by: Jose Ramon Cintron, Esq.
                         E-mail: jrcintron@prtc.net

In re Industrial Tool & Die, Inc.
   Bankr. E.D. Tenn. Case No. 17-12884
      Chapter 11 Petition filed June 27, 2017
         See http://bankrupt.com/misc/tneb17-12884.pdf
         represented by: Keith S. Smartt, Esq.
                         LAW OFFICE OF KEITH S. SMARTT
                         E-mail: court@smarttlaw.net

In re John Cory Pearson
   Bankr. E.D. Tenn. Case No. 17-12886
      Chapter 11 Petition filed June 27, 2017
         represented by: Keith S. Smartt, Esq.
                         LAW OFFICE OF KEITH S. SMARTT
                         E-mail: court@smarttlaw.net

In re Famous KoKo, Inc.
   Bankr. N.D. Tex. Case No. 17-32473
      Chapter 11 Petition filed June 27, 2017
         See http://bankrupt.com/misc/txnb17-32473.pdf
         represented by: Joyce W. Lindauer, Esq.
                         JOYCE W. LINDAUER ATTORNEY, PLLC
                         E-mail: joyce@joycelindauer.com

In re Hassan Chahadeh
   Bankr. S.D. Tex. Case No. 17-33924
      Chapter 11 Petition filed June 27, 2017
         represented by: Timothy Webb, Esq.
                         WEBB ASSOCIATES
                         E-mail: timwebblaw@aol.com

In re Haie Investments, LLC
   Bankr. D. Alaska Case No. 17-00232
      Chapter 11 Petition filed June 28, 2017
         See http://bankrupt.com/misc/akb17-00232.pdf
         represented by: Erik LeRoy, Esq.
                         E-mail: erik@alaskanbankruptcy.com

In re Barry I. Judenfriend and Jacqueline A. Judenfriend
   Bankr. C.D. Cal. Case No. 17-17890
      Chapter 11 Petition filed June 28, 2017
         represented by: Paul A. Beck, Esq.
                         LAW OFFICES OF PAUL A BECK APC
                         E-mail: pab@pablaw.org

In re Riverview Realty Associates, LLC
   Bankr. D. Conn. Case No. 17-20966
      Chapter 11 Petition filed June 28, 2017
         See http://bankrupt.com/misc/ctb17-20966.pdf
         Filed Pro Se

In re Altamonte Veterinary Hospital, LLC
   Bankr. M.D. Fla. Case No. 17-04300
      Chapter 11 Petition filed June 28, 2017
         See http://bankrupt.com/misc/flmb17-04300.pdf
         represented by: Jeffrey Ainsworth, Esq.
                         BRANSONLAW PLLC
                         E-mail: jeff@bransonlaw.com

In re David Missionary Assembly of God of Marlborough, Inc.
   Bankr. D. Mass. Case No. 17-41182
      Chapter 11 Petition filed June 28, 2017
         See http://bankrupt.com/misc/mab17-41182.pdf
         represented by: David G. Baker, Esq.
                         E-mail: david@bostonbankruptcy.org

In re Quebec Court Trust
   Bankr. D. Md. Case No. 17-18833
      Chapter 11 Petition filed June 28, 2017
         See http://bankrupt.com/misc/mdb17-18833.pdf
         represented by: Robert John Harris, Esq.
                         ROBERT J. HARRIS, P.L.C.
                         E-mail: rjharris101@msn.com

In re Fillin Station Grille, LLC
   Bankr. N.D. Miss. Case No. 17-12385
      Chapter 11 Petition filed June 28, 2017
         See http://bankrupt.com/misc/msnb17-12385.pdf
         represented by: Robert Gambrell, Esq.
                         GAMBRELL & ASSOCIATES, PLLC
                         E-mail: rg@ms-bankruptcy.com

In re Lisa K. Beene
   Bankr. N.D. Miss. Case No. 17-12386
      Chapter 11 Petition filed June 28, 2017
         represented by: Robert Gambrell, Esq.
                         GAMBRELL & ASSOCIATES, PLLC
                         E-mail: rg@ms-bankruptcy.com

In re Z Enterprises of New York
   Bankr. E.D.N.Y. Case No. 17-73960
      Chapter 11 Petition filed June 28, 2017
         See http://bankrupt.com/misc/nysb17-73960.pdf
         Filed Pro Se

In re Terry Allen Case
   Bankr. E.D. Tenn. Case No. 17-12903
      Chapter 11 Petition filed June 28, 2017
         represented by: W. Thomas Bible, Jr., Esq.
                         E-mail: wtbibleecf@gmail.com

In re Orlando Sanchez Tijerina
   Bankr. S.D. Tex. Case No. 17-70238
      Chapter 11 Petition filed June 28, 2017
         represented by: Antonio Villeda, Esq.
                         E-mail: avilleda@mybusinesslawyer.com

In re Saul Rodriguez Welding & Trucking, LLC
   Bankr. W.D. Tex. Case No. 17-70115
      Chapter 11 Petition filed June 28, 2017
         See http://bankrupt.com/misc/txwb17-70115.pdf
         represented by: Marcus Jermaine Watson, Esq.
                         M. J. WATSON & ASSOCIATES, P.C.
                         E-mail: jwatson@mjwatsonlaw.com

In re Dennis Lee Hankerson
   Bankr. D. Ariz. Case No. 17-07424
      Chapter 11 Petition filed June 29, 2017
         represented by: KELLY G. BLACK, Esq.
                         KELLY G. BLACK, PLC
                         E-mail: kgb@kellygblacklaw.com

In re BAHATI, LLC
   Bankr. D. Ariz. Case No. 17-07441
      Chapter 11 Petition filed June 29, 2017
         See http://bankrupt.com/misc/azb17-07441.pdf
         Filed Pro Se

In re West Speeday Phase II, LLC
   Bankr. D. Ariz. Case No. 17-07478
      Chapter 11 Petition filed June 29, 2017
         See http://bankrupt.com/misc/azb17-07478.pdf
         represented by: Jeffrey M. Neff, Esq.
                         NEFF & BOYER, P.C.
                         E-mail: Jeff@Nefflawaz.com

In re Palm Beach-Broward Medical Imaging Center, LLC, a Wholly
Owned Subsidiary of Radiology Express, LLC
   Bankr. S.D. Fla. Case No. 17-18223
      Chapter 11 Petition filed June 29, 2017
         See http://bankrupt.com/misc/flsb17-18223.pdf
         represented by: Ronald Lewis, Esq.
                         LEWIS & THOMAS, LLP
                         E-mail: rlewis@beltlawyers.com

In re Globality Partners Corp
   Bankr. S.D. Fla. Case No. 17-18228
      Chapter 11 Petition filed June 29, 2017
         See http://bankrupt.com/misc/flsb17-18228.pdf
         Filed Pro Se

In re Accure Dental P.C.
   Bankr. D. Id. Case No. 17-00837
      Chapter 11 Petition filed June 29, 2017
         See http://bankrupt.com/misc/idb17-00837.pdf
         represented by: Joseph M. Meier, Esq.
                         COSHO HUMPHREY, LLP
                         E-mail: jmeier@cosholaw.com

In re United Site and Utilities, LLC
   Bankr. S.D. Ind. Case No. 17-04912
      Chapter 11 Petition filed June 29, 2017
         See http://bankrupt.com/misc/insb17-04912.pdf
         represented by: KC Cohen, Esq.
                         KC COHEN, LAWYER, PC
                         E-mail: kc@esoft-legal.com

In re C. Harris Properties, LLC
   Bankr. S.D. Miss. Case No. 17-02354
      Chapter 11 Petition filed June 29, 2017
         See http://bankrupt.com/misc/mssb17-02354.pdf
         represented by: Eileen N. Shaffer, Esq.
                         E-mail: enslaw@bellsouth.net

In re Mounir Badawy
   Bankr. E.D. Pa. Case No. 17-14429
      Chapter 11 Petition filed June 29, 2017
         represented by: Mark S. Danek, Esq.
                         THE DANEK LAW FIRM LLC
                         E-mail: msd@daneklawfirm.com

In re Green Forest Gallery, LLC D/B/A Green Forest Gallery
   Bankr. W.D. Pa. Case No. 17-22664
      Chapter 11 Petition filed June 29, 2017
         See http://bankrupt.com/misc/pawb17-22664.pdf
         represented by: Brian C. Thompson, Esq.
                         THOMPSON LAW GROUP, P.C.
                         E-mail: bthompson@ThompsonAttorney.com

In re Fortaleza Security, Inc.
   Bankr. D.P.R. Case No. 17-04612
      Chapter 11 Petition filed June 29, 2017
         See http://bankrupt.com/misc/prb17-04612.pdf
         represented by: Enrique M. Almeida Bernal, Esq.
                         ALMEIDA & DAVILA PSC
                         E-mail: info@almeidadavila.com

In re Timothy E. Cliggott
   Bankr. E.D. Va. Case No. 17-12248
      Chapter 11 Petition filed June 29, 2017
         represented by: Daniel M. Press, Esq.
                         CHUNG & PRESS, P.C.
                         E-mail: dpress@chung-press.com

In re Eric Roberto Trendel
   Bankr. W.D. Wash. Case No. 17-12928
      Chapter 11 Petition filed June 29, 2017
         See http://bankrupt.com/misc/wawb17-12928.pdf
         represented by: J. Todd Tracy, Esq.
                         The Tracy Law Group PLLC
                         E-mail: todd@thetracylawgroup.com

In re Yuriy Normatov and Olga Normatova
   Bankr. E.D.N.Y. Case No. 17-43466
      Chapter 11 Petition filed June 30, 2017
         represented by: Alla Kachan, Esq.
                         E-mail: alla@kachanlaw.com

In re Teignmouth Hall LLC
   Bankr. E.D.N.Y. Case No. 17-74002
      Chapter 11 Petition filed June 30, 2017
         See http://bankrupt.com/misc/nyeb17-74002.pdf
         Filed Pro Se

In re D C Eastern Buffet Inc.
   Bankr. M.D. Pa. Case No. 17-02747
      Chapter 11 Petition filed June 30, 2017
         See http://bankrupt.com/misc/pamb17-02747.pdf
         represented by: Edward James Kaushas, Esq.
                         KAUSHAS LAW
                         E-mail: Ekaushas@kaushaslaw.com

In re Stone Fox Capital LLC
   Bankr. W.D. Pa. Case No. 17-22680
      Chapter 11 Petition filed June 30, 2017
         See http://bankrupt.com/misc/pawb17-22680.pdf
         represented by: James H. Joseph, Esq.
                         JOSEPH LAW OFFICES PLLC
                         E-mail: jhjoseph@joseph.law.pro

In re Allegheny-Apple Productions, LLC
   Bankr. W.D. Pa. Case No. 17-70498
      Chapter 11 Petition filed June 30, 2017
         See http://bankrupt.com/misc/pawb17-70498.pdf
         represented by: Lawrence W. Willis, Esq.
                         WILLIS & ASSOCIATES
                         E-mail: help@urfreshstrt.com

In re Pressure Up Ironworks, LLC
   Bankr. E.D. Tex. Case No. 17-60491
      Chapter 11 Petition filed June 30, 2017
         See http://bankrupt.com/misc/txeb17-60491.pdf
         represented by: Robert T. DeMarco, Esq.
                         DEMARCO-MITCHELL, PLLC
                         E-mail: robert@demarcomitchell.com

In re Daniel S. De La Garza
   Bankr. S.D. Tex. Case No. 17-33989
      Chapter 11 Petition filed June 30, 2017
         Filed Pro Se

In re Chris W. Griffin
   Bankr. S.D. Tex. Case No. 17-34011
      Chapter 11 Petition filed June 30, 2017
         represented by: Brendon D Singh, Esq.
                         CORRAL TRAN SINGH, LLP
                         E-mail: Brendon.singh@ctsattorneys.com

In re David Brice Waller
   Bankr. S.D. Tex. Case No. 17-34047
      Chapter 11 Petition filed June 30, 2017
         represented by: Brendon D Singh, Esq.
                         CORRAL TRAN SINGH, LLP
                         E-mail: Brendon.singh@ctsattorneys.com

In re Emma Garriett McClellan
   Bankr. S.D. Tex. Case No. 17-34068
      Chapter 11 Petition filed July 1, 2017
         represented by: Nelson M. Jones, III, Esq.
                         LAW OFFICE OF NELSON M. JONES III
                         E-mail: njoneslawfirm@aol.com

In re Bryan Keith Gutierrez
   Bankr. C.D. Cal. Case No. 17-11743
      Chapter 11 Petition filed June 30, 2017
         represented by: Anthony Obehi Egbase, Esq.
                         A.O.E LAW & ASSOCIATES, APC
                         E-mail: info@aoelaw.com

In re Paul Stuart Shepherd and GiGi Renee Shepherd
   Bankr. C.D. Cal. Case No. 17-17991
      Chapter 11 Petition filed June 30, 2017
         represented by: Todd M. Arnold, Esq.
                         LEVENE, NEALE, BENDER, YOO & BRILL L.L.P
                         E-mail: tma@lnbyb.com

In re Burt Lee Burnett
   Bankr. N.D. Tex. Case No. 17-42678
      Chapter 11 Petition filed June 30, 2017
         represented by: Areya Holder, Esq.
                         HOLDER LAW
                         E-mail: areya@holderlawpc.com

In re Timothy P. Brennan
   Bankr. W.D. Wis. Case No. 17-12337
      Chapter 11 Petition filed June 30, 2017
         represented by: Mark L. Metz, Esq.
                         LEVERSON LUCEY & METZ S.C.
                         E-mail: mlm@levmetz.com

In re City of Pittsburgh Property Development, Inc.
   Bankr. W.D. Pa. Case No. 17-22729
      Chapter 11 Petition filed July 2, 2017
         See http://bankrupt.com/misc/pawb17-22729.pdf
         represented by: Jeffrey T. Morris, Esq.
                         ELLIOTT & DAVIS PC
                         E-mail: morris@elliott-davis.com

In re Fariborz Rafael
   Bankr. C.D. Cal. Case No. 17-18114
      Chapter 11 Petition filed July 3, 2017
         represented by: Vahe Khojayan, Esq.
                         KG LAW
                         E-mail: vahe@lawyer.com

In re Donna G. Galler, LLC
   Bankr. N.D. Ga. Case No. 17-61667
      Chapter 11 Petition filed July 3, 2017
         See http://bankrupt.com/misc/ganb17-61667.pdf
         represented by: David E. Galler, Esq.
                         GALLER LAW, LLC
                         E-mail: david@gallerlaw.com

In re Bloomfield Nursing Operations LLC
   Bankr. N.D. Tex. Case No. 17-42796
      Chapter 11 Petition filed July 3, 2017
         See http://bankrupt.com/misc/txnb17-42796.pdf
         represented by: Jeff P. Prostok, Esq.
                         FORSHEY & PROSTOK, LLP
                         E-mail: jpp@forsheyprostok.com

In re Casa Real Nursing Operations LLC
   Bankr. N.D. Tex. Case No. 17-42797
      Chapter 11 Petition filed July 3, 2017
         See http://bankrupt.com/misc/txnb17-42797.pdf
         represented by: Jeff P. Prostok, Esq.
                         FORSHEY & PROSTOK, LLP
                         E-mail: jpp@forsheyprostok.com

In re Red Rocks Nursing Operations LLC
   Bankr. N.D. Tex. Case No. 17-42799
      Chapter 11 Petition filed July 3, 2017
         See http://bankrupt.com/misc/txnb17-42799.pdf
         represented by: Jeff P. Prostok, Esq.
                         FORSHEY & PROSTOK, LLP
                         E-mail: jpp@forsheyprostok.com

In re Imperial Self Storage LLC
   Bankr. S.D. Tex. Case No. 17-34167
      Chapter 11 Petition filed July 3, 2017
         See http://bankrupt.com/misc/txsb17-34167.pdf
         represented by: Susan Tran, Esq.
                         CORRAL TRAN SINGH LLP
                         E-mail: susan.tran@ctsattorneys.com

In re Arlene Silver and Ronald J Silver
   Bankr. D. Ariz. Case No. 17-07624
      Chapter 11 Petition filed July 5, 2017
         represented by: Kyle A. Kinney, Esq.
                         LAW OFFICES OF KYLE A. KINNEY, PLLC
                         E-mail: kyle@kinneylaw.net

In re Christopher J. Roberts
   Bankr. D. Colo. Case No. 17-16176
      Chapter 11 Petition filed July 5, 2017
         represented by: Guy B Humphries, Esq.
                         E-mail: guyhumphries@msn.com

In re Leon Goodrum
   Bankr. M.D. Ga. Case No. 17-51416
      Chapter 11 Petition filed July 5, 2017
         represented by: John A. Moore, Esq.
                         THE MOORE LAW GROUP, LLC
                         E-mail: jmoore@moorelawllc.com

In re Bridge Gate Properties, LLC
   Bankr. N.D. Ga. Case No. 17-11444
      Chapter 11 Petition filed July 5, 2017
         See http://bankrupt.com/misc/ganb17-11444.pdf
         represented by: Wayne B. Kendall, Esq.
                         WAYNE B. KENDALL, PC
                         E-mail: wbkendall20@yahoo.com

In re Quick Cars LLC
   Bankr. N.D. Ga. Case No. 17-61776
      Chapter 11 Petition filed July 5, 2017
         See http://bankrupt.com/misc/ganb17-61776.pdf
         represented by: Howard P. Slomka, Esq.
                         SLIPAKOFF & SLOMKA, PC
                         E-mail: se@myatllaw.com

In re Gina Ann Makoujy
   Bankr. D.N.J. Case No. 17-23622
      Chapter 11 Petition filed July 5, 2017
         represented by: John P. Di Iorio, Esq.
                         SHAPIRO CROLAND REISER APFEL & DI IORIO
                         E-mail: jdiiorio@shapiro-croland.com

In re ELITE INSTALLS LLC
   Bankr. D. Nev. Case No. 17-13633
      Chapter 11 Petition filed July 5, 2017
         See http://bankrupt.com/misc/nvb17-13633.pdf
         represented by: Davi&d J. Winterton, Esq.
                         DAVID WINTERTON & ASSOCIATES, LTD
                         E-mail: david@davidwinterton.com

In re Y&B Homes Inc.
   Bankr. E.D.N.Y. Case No. 17-43499
      Chapter 11 Petition filed July 5, 2017
         See http://bankrupt.com/misc/nyeb17-43499.pdf
         represented by: Joshua Bronstein, Esq.
                         LAW OFFICES OF JOSHUA BRONSTEIN
                         E-mail: jbrons5@yahoo.com

In re FTHG Development, LLC
   Bankr. N.D.N.Y. Case No. 17-60875
      Chapter 11 Petition filed July 5, 2017
         See http://bankrupt.com/misc/nynb17-60875.pdf
         represented by: Brian H. Bronsther, Esq.
                         THE BRONSTHER LAW FIRM, P.C.
                         E-mail: brian@bronstherlaw.com

In re FCBM, LLC
   Bankr. W.D. Pa. Case No. 17-10704
      Chapter 11 Petition filed July 5, 2017
         See http://bankrupt.com/misc/pawb17-10704.pdf
         represented by: John F. Kroto, Esq.
                         KNOX MCLAUGHLIN GORNALL & SENNETT
                         E-mail: jkroto@kmgslaw.com

In re Institucion Santa Elena Del Monte, Inc.
   Bankr. D.P.R. Case No. 17-04793
      Chapter 11 Petition filed July 5, 2017
         See http://bankrupt.com/misc/prb17-04793.pdf
         represented by: NYDIA GONZALEZ ORTIZ, Esq.
                         SANTIAGO & GONZALEZ
                         E-mail: bufetesg@gmail.com

In re San Antonio Extended Medical Care, Inc.
   Bankr. W.D. Tex. Case No. 17-51587
      Chapter 11 Petition filed July 5, 2017
         See http://bankrupt.com/misc/txwb17-51587.pdf
         represented by: Dean William Greer, Esq.
                         E-mail: dwgreer@sbcglobal.net


                            *********

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.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
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Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
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