TCR_Public/171230.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, December 30, 2017, Vol. 21, No. 363

                            Headlines

KII LIQUIDATING: Incurs $299,124 Net Loss in October
RMS TITANIC: Had $610,075 Ending Cash Balance at October 31

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KII LIQUIDATING: Incurs $299,124 Net Loss in October
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KII Liquidating Inc. formerly known as Katy Industries, Inc., et
al., filed with the U.S. Securities and Exchange Commission their
monthly operating report for October 2017.

The Debtors' consolidated statement of operations reflected a net
loss of $299,124 on $nil of revenue for the month, a swing from a
net income of $323,953 listed at September 30.

At October 31, 2017, the Debtors had $7.33 million in total assets,
$21.57 million in total liabilities, and -$14.24 million in total
shareholders equity.

At October 1, 2017, the Debtors had a $3,736,523 beginning cash
balance.  They listed total receipts of $145,897 and total
disbursements of $323,710.  Disbursements include $255,619 in
professional fees.  Thus, the Debtors had $3,558,710 ending cash
balance at October 31.

A copy of the monthly operating report is available at the SEC at:

                    https://is.gd/PeKJqO

                    About Katy Industries

Katy Industries, Inc. -- http://www.katyindustries.com/-- a  
publicly traded Delaware corporation, and its wholly-owned direct
and indirect subsidiaries were organized as a Delaware corporation
in 1967.  The Company is a well-known manufacturer, importer, and
distributor of commercial cleaning and consumer storage products as
well as a contract manufacturer of structural foam products.  It
distributes its products across the United States and Canada.  It
is best known for such brands as Continental, Huskee, Color Guard,
Wilen, Muscle Mop, Contico, Tuffbin, and SilverWolf, among many
others.

The Company operates three manufacturing facilities located in
Jefferson City, Missouri, Tiffin, Ohio, and Fort Wayne, Indiana,
with its corporate headquarters located in St. Louis, Missouri.

Katy Industries, Inc., and its affiliates filed a voluntary
petition for relief under the Bankruptcy Code (Bankr. D. Del. Lead
Case No. 17-11101) on May 14, 2017.  Lawrence Perkins, its chief
restructuring officer, signed the petitions.

Katy Industries disclosed $821,321 in assets and $58,421,346 in
liabilities.

Stuart M. Brown, Esq., at DLA Piper LLP (US), represent the Debtors
as bankruptcy counsel.  The Debtors hired JND Corporate
Restructuring as their claims and noticing agent.

On July 31, 2017, the Office of the U.S. Trustee formed a committee
of retirees.  The Retirees' Committee hired Womble Carlyle
Sandridge & Rice, LLP as legal counsel.


RMS TITANIC: Had $610,075 Ending Cash Balance at October 31
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RMS Titanic, Inc., filed with the U.S. Securities and Exchange
Commission its monthly operating report for October 2017.

In its schedule of receipts and disbursements, RMS Titanic had
$609,971 in bank funds at October 1, 2017.  It also posted $103 in
total receipts and no disbursements for the month.  Thus, at
October 31, 2017, RMS Titanic had a $610,075 ending cash balance.

A copy of the monthly operating report is available at the SEC at:

                    http://bit.ly/2C6Cjxg   

                About About RMS Titanic, Inc.

Premier Exhibitions, Inc. (Nasdaq: PRXI), located in Atlanta,
Georgia, is a presenter of museum quality exhibitions throughout
the world.  Premier -- http://www.PremierExhibitions.com/--  
develops and displays unique exhibitions for education and
entertainment including Titanic: The Artifact Exhibition, BODIES.
The Exhibition, Tutankhamun: The Golden King and the Great
Pharaohs, Pompeii The Exhibition, Extreme Dinosaurs and Real
Pirates in partnership with National Geographic. The success of
Premier Exhibitions lies in its ability to produce, manage, and
market exhibitions.

RMS Titanic and seven of its subsidiaries filed voluntary petitions
for reorganization under Chapter 11 of the Bankruptcy Code (Bankr.
M.D. Fla. Lead Case No. 16-02230) on June 14, 2016.  Former Chief
Financial Officer and Chief Operating Officer Michael J. Little
signed the petitions.  The Chapter 11 cases are assigned to Judge
Paul M. Glenn.

The Debtors estimated both assets and liabilities of $10 million to
$50 million.

The Debtors are represented by Daniel F. Blanks, Esq., and Lee D.
Wedekind, III, Esq., at Nelson Mullins Riley & Scarborough LLP.
The Debtors employ Brian A. Wainger, Esq., at Kaleo Legal as
special litigation counsel, outside general counsel, securities
counsel, and conflicts counsel; Robert W. McFarland, Esq., at
McGuireWoods LLP as special litigation counsel; Steven L. Berson,
Esq., at Dentons US LLP and Dentons Canada LLP as outside general
counsel and securities counsel; Oscar N. Pinkas, Esq., at Dentons
LLP as outside general counsel and securities counsel.

The Debtors also employed Ronald L. Glass as Chief Restructuring
Officer and GlassRatner Advisory & Capital Group, LLC, as financial
advisors.

Guy Gebhardt, acting U.S. trustee for Region 21, on Aug. 24, 2016
appointed three creditors to serve on the official committee of
unsecured creditors of RMS Titanic, Inc., and its affiliates.  The
Committee hired Avery Samet, Esq. and Jeffrey Chubak, Esq., at
Storch Amini & Munves PC, and Richard R. Thames, Esq. and Robert A.
Heekin, Jr., Esq., at Thames Markey & Heekin, P.A., as counsel.

The official committee of equity security holders of Premier
Exhibitions Inc. retained Peter J. Gurfein, Esq., at Landau
Gottfried & Berger LLP as counsel; Jacob A. Brown, Esq., and
Katherine C. Fackler, Esq., at Akerman LLP as Co-Counsel; and Teneo
Securities LLC as financial advisor.


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Troubled Company Reporter is a daily newsletter co-published
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Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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