TCR_Public/180112.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, January 12, 2018, Vol. 22, No. 11

                            Headlines

1-800 CONTACTS: Bank Debt Trades at 3.42% Off
ADVANTAGE SALES: Bank Debt Trades at 9.87% Off
ALTA MESA: Copy of Presentation at Goldman Global Energy Conference
AMPLIPHI BIOSCIENCES: Has $5.10 Million in Cash as of Dec. 31
ARABELLA EXPLORATION: May Use Cash Collateral on Final Basis

ARAMARK SERVICES: Moody's Rates New Unsecured Notes Due 2028 Ba3
ARMSTRONG ENERGY: Feb. 2 Plan Confirmation Hearing
AZURE MIDSTREAM: Bank Debt Trades at 11.58% Off
BELK INC: Bank Debt Trades at 18.89% Off
BIG MAX: Case Summary & 11 Unsecured Creditors

BON-TON STORES: 2017 Holiday Sales Dropped 2.9%
CANYON RESOURCE: Bank Debt Trades at 3.92% Off
CARRANO PROPERTIES: Taps A.J. Santye as Accountant
CARRANO PROPERTIES: Taps Trenk DiPasquale as Legal Counsel
CROSBY WORLDWIDE: Bank Debt Due 2020 Trades at 2.69% Off

CROSBY WORLDWIDE: Bank Debt Due 2021 Trades at 9.12% Off
CYTORI THERAPEUTICS: Swissquote Bank Has 12% Stake as of Dec. 29
CYTOSORBENTS CORP: Expects 2017 Total Revenue of Approx. $15M
DAVID'S BRIDAL: Bank Debt Trades at 13.65% Off
EVIO INC: Closes Acquisition of Calif. Cannabis Testing Laboratory

EXPRO HOLDINGS: Taps Freshfields as Special Counsel
FIELDPOINT PETROLEUM: Obtains Forbearance Extension from Citibank
FITNESS FACTORY CAPITOL: Seeks to Hire Sheila Durant as Counsel
FORTERRA INC: Bank Debt Trades at 6.70% Off
FREEMAN GRADING: Wants to Use MainSource Bank Cash Collateral

GENERAL NUTRITION: Bank Debt Trades at 15.30% Off
GETTY IMAGES: Bank Debt Trades at 9.71% Off
GIGA-TRONICS INC: Appoints Armanino LLP as New Accountants
GLOBAL A&T: Court Confirms Ch. 11 Plan
GRAND CANYON RANCH: FCI Files 3rd Amended Plan of Liquidation

GREAT VISTA: Case Summary & 8 Unsecured Creditors
HELIOS AND MATHESON: MoviePass Tops 1.5M Subscribers as of Jan. 7
IHEARTCOMMUNICATIONS INC: CCOH Demands Repayment of $30M Note
INTELSAT JACKSON: Bank Debt Trades at 2.25% Off
INTERPACE DIAGNOSTICS: Hal Mintz Reports Ownership of 4.99%

ITUS CORPORATION: Incurs $7.01 Million Net Loss in Fiscal 2017
JC PENNEY: Bank Debt Trades at 6.81% Off
KRK CP LLC: Wants Authority to Use TransPecos Cash Collateral
LAGO RESORT: Moody's Lowers CFR to Caa2; Outlook Negative
LEGACY RESERVES: Baines Creek Capital Has 10.7% Stake as of Dec. 29

LIBERTY CABLEVISION: Bank Debt Trades at 3.08% Off
LIFE SETTLEMENTS: May Use Cash Collateral Through Feb. 5
M SYLVESTER GONZALES: May Use Cash Collateral Until March 31
MURRAY ENERGY: Bank Debt Trades at 11.92% Off
NEOVASC INC: Says Tiara's Clinical Case Load Accelerating

NET ELEMENT: Esousa Holdings Has 9.99% Stake as of Dec. 29
NET ELEMENT: Has Resale Prospectus of 1.1 Million Common Shares
NET ELEMENT: Oleg Firer Reports 10.8% Stake as of Jan. 8
OFFSHORE SPECIALTY: May Obtain DIP Financing From Schumann/Steier
OMINTO INC: Gets Nasdaq Noncompliance Notice Over Filing Delays

PHASERX INC: Sale Bid Procedures OKed, Jan. 24 Auction Set
PREMIER MARINE: Seeks Authority to Access Cash Collateral
REAL INDUSTRY: Seeks Court's Nod on Employee Bonus Programs
RENNOVA HEALTH: Sabby Healthcare Reports 9.99% Stake
RICEBRAN TECHNOLOGIES: Appoints Chief Operating Officer

RUPARI HOLDING: Dec. 29 Plan Effective Date
SANDY CREEK: Bank Debt Trades at 16.62% Off
SBRS INC: Has Authorization to Access Cash Collateral
SERTA SIMMONS: Bank Debt Due 2023 Trades at 8.31% Off
SERTA SIMMONS: Bank Debt Due 2024 Trades at 15.25% Off

SHIEKH SHOES: Wants to Obtain $5-Mil Term Loan, Use Cash
UNI-PIXEL INC: Seeks Case Conversion Into Liquidation Proceeding
VERN'S AUTO: Final Cash Collateral Use Order Entered
WCD LLC: Court Approves Cash Collateral Use Stipulation
WESTINGHOUSE ELECTRIC: Sets Sale/Abandonment Procedures for Assets

WINDSTREAM CORP: Bank Debt Due 2021 Trades at 7.17% Off
WINDSTREAM CORP: Bank Debt Due 2024 Trades at 10.50% Off
[^] BOOK REVIEW: Landmarks in Medicine -- Laity Lectures

                            *********

1-800 CONTACTS: Bank Debt Trades at 3.42% Off
---------------------------------------------
Participations in a syndicated loan under which 1-800 Contacts Inc
is a borrower traded in the secondary market at 96.58
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 0.81 percentage points from
the previous week. 1-800 Contacts Inc pays 325 basis points above
LIBOR to borrow under the $496 million facility. The bank loan
matures on Jan. 22, 2023.  Moody's & S&P did not give any ratings
on the loan.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended December 22.


ADVANTAGE SALES: Bank Debt Trades at 9.87% Off
----------------------------------------------
Participations in a syndicated loan under which Advantage Sales &
Marketing is a borrower traded in the secondary market at 90.13
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 1.12 percentage points
from the previous week. Advantage Sales & Marketing pays 650 basis
points above LIBOR to borrow under the $760 million facility. The
bank loan matures on July 25, 2022 and Moody's Caa1 rating and
Standard & Poor's CCC+ rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended December
22.


ALTA MESA: Copy of Presentation at Goldman Global Energy Conference
-------------------------------------------------------------------
The management of Alta Mesa Holdings, LP presented at the Goldman
Sachs Global Energy Conference on Jan. 9, 2018, in Miami, Florida.
The Company discussed, among other things, its proposed transaction
with Silver Run Acquisition Corporation II.

Silver Run II has agreed to merge with Alta Mesa and Kingfisher
Midstream (collectively renamed Alta Mesa Resources, Inc.),
creating a "world class energy company with a high-quality,
integrated, and concentrated base in the core of the STAK oil play.
This transaction integrates premier upstream and midstream assets
developed by a tenured executive team with unmatched complementary
experience and track records."

The following is a summary of the proposed Transaction:

   * SRUN/AMR/KFM combines leading upstream and midstream
     operations for sustained, disciplined growth over 10+ year
     horizon

   * Fully-funded, low leverage growth in firmly-established
     resource

   * Focus on capital efficiency, growth per debt-adjusted share

   * Alta Mesa multi-well pattern development projects underway

   * Alta Mesa has increased core acreage, overall footprint

   * KFM 200 MMCFD expansion in commissioning, volumes growing

   * 2018 projections an extension of successful 2017 performance

   * Production, EBITDAS, EBITDA in line with pro forma forecasts

A copy of the conference presentation is available for free at:

                     https://is.gd/SH21RP

                        About Alta Mesa

Headquartered in Houston, Texas, Alta Mesa Holdings, LP --
http://www.altamesa.net/-- is a privately-held, independent
exploration and production company primarily engaged in the
acquisition, exploration, development and production of oil,
natural gas and natural gas liquids within the United States.  The
Company has transitioned its focus from its diversified asset base
composed of a portfolio of conventional assets to an oil and
liquids-rich resource play in the eastern portion of the Anadarko
Basin in Oklahoma (the "STACK") with an extensive inventory of
drilling opportunities.

Alta Mesa reported a net loss of $167.9 million for the year ended
Dec. 31, 2016, and a net loss of $131.8 million for the year ended
Dec. 31, 2015.  The Company's balance sheet at Sept. 30, 2017,
showed $1.08 billion in total assets, $866.39 million in total
liabilities and $217.50 million in partners' capital.


AMPLIPHI BIOSCIENCES: Has $5.10 Million in Cash as of Dec. 31
-------------------------------------------------------------
AmpliPhi Biosciences Corporation filed a preliminary prospectus
supplement with the Securities and Exchange Commission on Jan. 9,
2018, in which the Company disclosed that it had cash and cash
equivalents as of Dec. 31, 2017 of $5.1 million.

                   About AmpliPhi Biosciences

Based in San Diego, California, AmpliPhi Biosciences Corporation --
http://www.ampliphibio.com/-- is a clinical-stage biotechnology
company focused on treating antibiotic-resistant infections using
its proprietary bacteriophage-based technology.  AmpliPhi's lead
product candidates target multidrug-resistant Staphylococcus aureus
and Pseudomonas aeruginosa, which are included on the WHO's 2017
Priority Pathogens List.  Phage therapeutics are uniquely
positioned to address the threat of antibiotic-resistance as they
can be precisely targeted to kill select bacteria, have a
differentiated mechanism of action, can penetrate and disrupt
biofilms (a common bacterial defense mechanism against
antibiotics), are potentially synergistic with antibiotics and have
been shown to restore antibiotic sensitivity to drug-resistant
bacteria.

Ampliphi reported a net loss attributable to common stockholders of
$24.27 million for the year ended Dec. 31, 2016, compared to a net
loss attributable to common stockholders of $10.79 million for the
year ended Dec. 31, 2015.  As of Sept. 30, 2017, the Company had
$13.78 million in total assets, $4.02 million in total liabilities
and $9.75 million in total stockholders' equity.

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


ARABELLA EXPLORATION: May Use Cash Collateral on Final Basis
------------------------------------------------------------
The Hon. Russell F. Nelms of the U.S. Bankruptcy Court for the
Northern District of Texas authorized Arabella Exploration, LLC,
and its affiliates to use the cash collateral on a final basis
solely in accordance with and to the extent set forth in the
Budget.

Platinum Partners Credit Opportunities Master Fund, LP is granted
valid, binding, enforceable and perfected replacement liens upon
and security interests in all of each Debtor's presently owned or
hereafter acquired property and assets, pursuant to sections 361
and 363 of the Bankruptcy Code.

Platinum is granted pursuant to sections 503, 507(a) and 507(b) of
the Bankruptcy Code, an allowed superpriority administrative
expense claim in the Cases and any Successor Case in an amount
equal to the Diminution in Value. The Senior Adequate Protection
Superpriority Claim will be subordinate only to (i) the payment of
the statutory fees of the U.S. Trustee; (ii) the expenses set forth
in the Budget, and (iii) any and all fees payable to the Clerk of
the Court.

A full-text copy of the Final Order is available at:

            http://bankrupt.com/misc/txnb17-40120-326.pdf

                   About Arabella Exploration

Arabella Exploration, LLC, formed on Oct. 2, 2009, is a
wholly-owned subsidiary of Arabella Exploration, Inc., a Cayman
Islands corporation.  It is an oil and gas exploration company that
owns working interests in a number of oil and gas properties and
interests.

Arabella Exploration filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No.
17-40120) on Jan. 8, 2017.  Charles (Chip) Hoebeke, manager, signed
the petition.

Arabella Operating, LLC, filed a Chapter 11 petition (Bankr. N.D.
Tex. Case No. 17-41479) on April 4, 2017.  The case is being
jointly administered with that of Arabella Exploration.

Judge Russell F. Nelms in Ft. Worth, Texas, is the case judge.

Raymond W. Battaglia, Esq., of the Law Offices of Ray Battaglia,
PLLC, serves as counsel to the Debtor.  Miller Johnson serves as
Battaglia's co-counsel.  Rehmann Turnaround and Receivership's
Charles Hoebeke is the Debtor's chief restructuring officer.

Arabella Exploration estimated $1 million to $50 million in assets
and liabilities.

No trustee, examiner or committee has been appointed in the case.


ARAMARK SERVICES: Moody's Rates New Unsecured Notes Due 2028 Ba3
----------------------------------------------------------------
Moody's Investors Service rated Aramark Services, Inc.'s proposed
senior unsecured notes due 2028 at Ba3. Existing ratings, including
the Ba2 Corporate Family rating ("CFR") and Ba1 senior secured,
remain unchanged. The ratings outlook remains negative.

The net proceeds of the proposed notes and a $50 million expansion
of its senior secured Canadian Dollar term loan will be used to
complete the acquisition of AmeriPride Services, Inc.
("AmeriPride") for $1 billion and repay outstanding borrowings
under the revolver.

Moody's assigned the following rating:

Issuer: Aramark Services, Inc.

-- Senior Unsecured Note due 2028, at Ba3 (LGD5)

RATING RATIONALE

Aramark's Ba2 CFR reflects Moody's expectation for the
all-debt-financed acquisitions of uniform services provider
Ameripride and group purchasing organization ("GPO") Avendra Ltd.
("Avendra") to push debt to EBITDA to above 5 times, but for
financial leverage return to below 4.5 times during fiscal 2019
(ends September). The $1.35 billion Avendra acquisition was closed
and funded with senior secured term loan proceeds in December.
Moody's anticipates profit margin expansion driven bythe scale and
cost rationalization benefits of the acquisitions and the
application of a large portion of its $300 million of anticipated
free cash flow to debt repayment will drive leverage reduction.

Moody's considers the acquisitions strategic and beneficial to
Aramark's competitive position. Ameripride will solidify Aramark's
number two uniform services market position behind industry leader
Cintas Corporation (indirect parent of Cintas Corporation No. 2, A3
stable) while bolstering Aramark's position in certain markets such
as Canada. Avendra will roughly double the company's GPO business
and lead to significant purchasing synergies over time. Increasing
the scale of its GPO business, will mitigate the size-driven cost
advantages of its significantly larger competitors such as Compass
Group PLC (A3 stable) when competing for new contracts.

Moody's anticipates that EBITDA margins will improve as Aramark
recognizes anticipated financial benefits of the AmeriPride and
Avendra acquisitions, including (i) cost reductions from the
elimination of duplicate functions (ii) greater efficiency in
markets where Aramark and Ameripride had substantial route and
customer overlap and (iii) substantially reduced supply costs
through the increase in the scale and scope of its captive GPO with
the addition of Avendra's customers to its purchasing base.

Aramark's business is considered stable and predictable, with long
term contracts and fixed asset investments providing high revenue
visibility and meaningful competitive barriers. Business risks
include labor tightness in its core US market, working capital
seasonality and competition from larger companies in the food and
related and uniform services markets. Revenue growth will be driven
by modest price increases with existing customers, new client
additions and new products. Aramark will remain slow-growing and
thinly profitable, with only, low single digit revenue growth (on a
constant currency basis) anticipated and slowly improving
profitability, with EBITA margins expected around 6.5% in 2018
before any benefits of the acquisitions are achieved.

All financial metrics cited reflect Moody's standard analytical
adjustments.

The Ba1 senior secured and Ba3 senior unsecured ratings reflect the
Ba2-PD Probability of Default rating and loss given default
assessments of LGD3 for the senior secured, reflecting their
priority position in the debt capital structure, and LGD5 for the
senior unsecured, reflecting their subordinated position in the
debt capital structure.

The SGL-1 Speculative Grade Liquidity rating ("SGL") reflects
Moody's assessment of very good liquidity from about $300 million
of anticipated free cash flow, cash balances expected to be at
least $100 million and significant availability under revolving
credit and unrated receivables securitizations facilities, which
Moody's anticipates will be used seasonally.

The negative ratings outlook reflects Moody's concerns that
difficultly or slowness in achieving the anticipated financial
benefits of the recent acquisitions or a shift in financial
policies away from an emphasis on debt reduction could lead to a
prolonged period of weak financial metrics. The outlook could be
revised to stable from negative if Moody's expects some revenue
growth, EBITA margins above 6.5% and debt to EBITDA approaching 4
times.

Given the negative ratings outlook, an upgrade in the near term is
not likely, However, the ratings could be upgraded if Moody's
expects Aramark will sustain: 1) debt to EBITDA below 3.5 times; 2)
improved free cash flow; and 3) a commitment to conservative
financial policies.

The ratings could be downgraded if Moody's expects: 1) revenue
growth to slow; 2) EBITA margins to remain below 6%; or 3) debt to
EBITDA to be maintained around 4.5 times.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

Aramark is a provider of food and related services to a broad range
of institutions and is the second largest provider of uniform and
career apparel in the United States. Moody's expects fiscal 2018
(ending September) revenue (without the Ameripride and Avendra
acquisitions) to exceed $15 billion.


ARMSTRONG ENERGY: Feb. 2 Plan Confirmation Hearing
--------------------------------------------------
Chief Bankruptcy Judge Kathy A. Surratt-States of the U.S.
Bankruptcy Court for the Eastern District of Missouri, Eastern
Division, has approved the disclosure statement explaining
Armstrong Energy, Inc., et al.'s First Amended Joint Chapter 11
Plan.

The Confirmation Hearing will be on February 2, 2018, at 11:00 a.m.
Deadline to file objections to Plan confirmation is January 29,
2018, at 4:00 p.m.

All unsecured creditors would "receive their pro rata share of
certain residual and unencumbered assets of the Debtors' estates
after all senior Claims have been satisfied; and existing Interests
in the Debtors will be cancelled without any distribution to the
Holders of such Interests."

Class 1 - Other Priority Claims in the allowed amount of $0 will be
granted a full payment by cash from the Priority Claims Reserve
unless the Holders and Debtors agree to have a less favorable
treatment for the former.

Class 2 - Other Secured Claims in the allowed amount of $9,543,400
will be granted a full payment in cash from the Other Secured
Claims Reserve.

Class 3 - Senior Notes Secured Claims in the allowed amount of
$157,611,500 will be entitled to receive, on or as soon as
reasonably practicable after the Effective Date, its pro rata share
of the following:

   (i) 100% of the HoldCo Equity as of the Effective Date (before
dilution on account of the HoldCo Equity issued to Knight Hawk in
exchange for the Contribution as described in the Transaction
Agreement) in satisfaction of the Noteholder Equity Issuance
Consideration; and

  (ii) the Remaining Collateral Proceeds available for distribution
from time to time as provided under the Plan, until the Allowed
Senior Notes Secured Claims are paid in full.

Anticipated recovery for holders of Class 3 claims is 75-77%.

Class 4 - General Unsecured Claims Holders in the allowed amount of
$124,097,700 to $127,847,700 will receive its pro rata share of the
GUC Distribution Proceeds as provided under the Plan.  Anticipated
recovery for holders of Class 4 claims is 0% to 1%.

Class 5 - Intercompany Claims will be canceled, released, and
extinguished as of the Effective Date, and will be of no further
force or effect.  Also, each Holder of a Class 5 Claim will not
receive any distribution on account of such Class 5 Claim.  The
same treatment (Class 5) also applies to Class 6 (Interests in
Armstrong) Class 7 (Intercompany Interests) and Class 8 (Section
510 (b) Claims) Holders.  

The Plan will be funded by the following sources of cash and
consideration: (i) the HoldCo Equity; (ii) the Remaining
Collateral; (iii) the Remaining Available Assets; (iv) the Priority
Claims Reserve; (v) the Other Secured Claims Reserve; (vi) the GUC
Reserve; (vii) the Debtors rights under the Transaction Agreement;
and (viii) all Causes of Action not previously settled, released,
or exculpated under the Plan, if any.

A full-text copy of the Second Amended Plan is available at:

        http://bankrupt.com/misc/moeb17-47541-384.pdf

A full text copy of the First Amended Disclosure Statement is
available at:

         http://bankrupt.com/misc/moeb17-47541-312.pdf

                      About Armstrong Energy

Armstrong Energy, Inc., through its 100% wholly owned subsidiary
Armstrong Coal Company, Inc., is a producer of steam coal in the
Illinois Basin.  Armstrong -- http://www.armstrongenergyinc.com/--
controls over 565 million tons of proven and probable coal reserves
and operates five mines in Western Kentucky.  Armstrong ships coal
to utilities via rail, truck and barge and has the capability to
provide low cost custom blend coal to fuel virtually any electric
power plant in the Midwest and Southeast regions of the nation.

Armstrong Energy and eight affiliates, including Armstrong Coal
Company, Inc., sought Chapter 11 protection (Bankr. E.D. Mo. Lead
Case No. 17-47541) on Nov. 1, 2017, after reaching a plan that
would transfer assets to the Company's senior bondholders and
Knight Hawk Holdings, LLC, in exchange for a $90 million credit
bid.

As of June 30, 2017, Armstrong Energy had $308.95 million in total
assets, $435.3 million in total liabilities and a total
stockholders' deficit of $126.3 million.

The Hon. Kathy A. Surratt-States is the case judge.

The Debtors tapped Kirkland & Ellis LLP as bankruptcy counsel;
Armstrong Teasdale LLP as local counsel; Maeva Group, LLC, as
financial advisor; FTI Consulting, Inc., as restructuring advisor;
and Donlin, Recano & Company, Inc., as claims and noticing agent.

The Supporting Holders tapped Paul, Weiss, Houlihan and Carmody
MacDonald P.C. as counsel; and Houlihan Lokey, Inc., as financial
advisor.  Knight Hawk tapped Jackson Kelly PLLC as counsel.
Majority shareholder Rhino Resource Partners Holdings LLC is
represented by Thompson & Knight LLP.  Thoroughbred Resources,
L.P., is represented by Willkie Farr & Gallagher LLP.


AZURE MIDSTREAM: Bank Debt Trades at 11.58% Off
-----------------------------------------------
Participations in a syndicated loan under which Azure Midstream
Energy LLC is a borrower traded in the secondary market at 88.42
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 1.53 percentage points
from the previous week.  Azure Midstream Energy LLC pays 550 basis
points above LIBOR to borrow under the $550 million facility. The
bank loan matures on Nov. 15, 2018 and carries Moody's Caa2 rating
and Standard & Poor's CCC rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended December
22.


BELK INC: Bank Debt Trades at 18.89% Off
----------------------------------------
Participations in a syndicated loan under which BELK Inc. is a
borrower traded in the secondary market at 81.11
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 1.86 percentage points
from the previous week. BELK Inc pays 475 basis points above LIBOR
to borrow under the $1.500 billion facility. The bank loan matures
on Dec. 12, 2022 and Moody's B2 rating and Standard & Poor's B-
rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended December 22.


BIG MAX: Case Summary & 11 Unsecured Creditors
----------------------------------------------
Debtor: Big Max, LLC
        126 Atherton Avenue
        Atherton, CA 94027

Business Description: Founded in 2012, Big Max, LLC is a Single
                      Asset Real Estate (as defined in 11 U.S.C.
                      Section 101(51B)).  The company owns a
                      commercial real property located at 88 E.
                      San Fernando Street, Unit Nos. C-89 and C-99
                      San Jose, CA 95113 valued by the company at
                      $3 million.  The Property is placed under
                      Pending Sales status subject to the
                      Bankruptcy Court's approval and overbid
                      procedures.

Chapter 11 Petition Date: January 10, 2018

Case No.: 18-30031

Court: United States Bankruptcy Court
       Northern District of California (San Francisco)

Judge: Hon. Dennis Montali

Debtor's Counsel: James Andrew Hinds, Jr.
                  HINDS & SHANKMAN, LLP
                  21515 Hawthorne Blvd. #1150
                  Torrance, CA 90503
                  Tel: (310) 316-0500
                  Fax: (310)792-5977
                  E-mail: jhinds@jhindslaw.com

Total Assets: $5.71 million

Total Liabilities: $10.03 million

The petition was signed by Tsai Luan Ho, manager and owner.

A full-text copy of the petition, along with a list of 11 unsecured
creditors, is available for free at
http://bankrupt.com/misc/canb18-30031.pdf


BON-TON STORES: 2017 Holiday Sales Dropped 2.9%
-----------------------------------------------
The Bon-Ton Stores, Inc., announced that its comparable store sales
for the nine-week holiday period ended Dec. 30, 2017 decreased
2.9%.  Total sales for the nine-week November and December period
were $720.8 million compared to sales of $752.1 million in the
prior year period.  The Company's best performing categories over
the period were Cosmetics, Children's, Outerwear and Fine Jewelry.

Bill Tracy, president and chief executive officer for The Bon-Ton
Stores, Inc. said, "The Company's holiday period comparable store
sales decrease of 2.9% is an improvement from the comparable store
sales decrease of 6.6% reported in the third quarter.  We are
actively engaged in discussions with our debt holders in an effort
to strengthen our capital structure to support the business going
forward."

                   About The Bon-Ton Stores

With corporate headquarters in York, Pennsylvania and Milwaukee,
Wisconsin, The Bon-Ton Stores, Inc. -- http://www.bonton.com/--
operates 260 stores, which includes nine furniture galleries and
four clearance centers, in 24 states in the Northeast, Midwest and
upper Great Plains under the Bon-Ton, Bergner's, Boston Store,
Carson's, Elder-Beerman, Herberger's and Younkers nameplates.  The
stores offer a broad assortment of national and private brand
fashion apparel and accessories for women, men and children, as
well as cosmetics and home furnishings.  

Bon-Ton Stores reported a net loss of $63.41 million for the year
ended Jan. 28, 2017, a net loss of $57.05 million for the fiscal
year ended Jan. 30, 2016, and a net loss of $6.97 million for the
year ended Jan. 31, 2015.

As of Oct. 28, 2017, Bon-Ton Stores had $1.58 billion in total
assets, $1.74 billion in total liabilities and a total
shareholders' deficit of $155.96 million.

                          *     *     *

As reported by the TCR on Dec. 21, 2017, S&P Global Ratings lowered
its corporate credit rating on Bon-Ton Stores to 'SD' (selective
default) from 'CCC'.  The downgrade follows Bon-Ton's recent
announcement that it did not make a $14 million interest payment on
its 8% second-lien notes due on Dec. 15.  A payment default has not
yet occurred under the indenture governing the notes, which
provides a 30-day elected grace period.  S&P said, "However, we
believe there is a high likelihood that the company will not make
the interest payment in full within the stated grace period.  We
think the company did not make the interest payment to preserve
shrinking liquidity and a restructuring, either out of court or
through a court reorganization, is likely in the near future."

Also in November 2017, Moody's Investors Service downgraded The
Bon-Ton Stores' Corporate Family Rating to 'Caa3' from 'Caa1'.  The
downgrade reflects the high likelihood of a distressed exchange to
reduce its debt obligations and improve the company's long term
liquidity profile.


CANYON RESOURCE: Bank Debt Trades at 3.92% Off
----------------------------------------------
Participations in a syndicated loan under which Canyon Resource
Partners LLC is a borrower traded in the secondary market at 96.08
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 0.61 percentage points
from the previous week. Canyon Resource Partners LLC pays 575 basis
points above LIBOR to borrow under the $335 million facility. The
bank loan matures on Aug. 16, 2020 and Moody's B3 rating and
Standard & Poor's B rating.  The loan is one of the biggest gainers
and losers among 247 widely quoted syndicated loans with five or
more bids in secondary trading for the week ended December 22.


CARRANO PROPERTIES: Taps A.J. Santye as Accountant
--------------------------------------------------
Carrano Properties, LLC seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire A.J. Santye & Co.,
Inc. as its accountant.

The firm will prepare the Debtor's monthly operating reports,
financial projections and tax returns; assist the Debtor in
valuation, insolvency and liquidation analysis; respond to
discovery requests; and provide other accounting services.

The firm's hourly rates are:

     Partner     $300
     Senior      $150
     Staff       $110

Anthony Greco, a certified public accountant employed with A.J.
Santye, disclosed in a court filing that he and his firm are
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Anthony Greco
     A.J. Santye & Co., Inc.
     36 E. Main Street
     Somerville, NJ 08876
     Phone: 908-704-1400
     Fax: 908-704-1777
     Email: info@santye.com

                   About Carrano Properties LLC

Carrano Properties, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 17-35963) on December 29,
2017.  Judge Michael Kaplan presides over the case.

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


CARRANO PROPERTIES: Taps Trenk DiPasquale as Legal Counsel
----------------------------------------------------------
Carrano Properties, LLC seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire Trenk, DiPasquale,
Della Fera & Sodono, P.C. as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; assist in the preparation of a plan of
reorganization; assist in the disposition of its assets; and
provide other legal services related to its Chapter 11 case.

The firm's hourly rates are:

     Partners                     $375 - $615
     Associates                   $230 - $270
     Law Clerks                          $195
     Paralegals/Support Staff     $145 - $215

Richard Trenk, Esq., and Joshua Raymond, Esq., the attorneys who
will be handling the case, charge $615 per hour and $515 per hour,
respectively.

Steven Carrano paid the firm $5,000 from his personal funds while
the Debtor paid the remaining retainer balance of $10,000.

Richard Trenk, Esq., disclosed in a court filing that he and his
firm are "disinterested" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Richard D. Trenk, Esq.
     Joshua H. Raymond, Esq.
     Trenk, DiPasquale, Della Fera & Sodono, P.C.  
     347 Mt. Pleasant Avenue, Suite 300
     West Orange, NJ 07052
     Phone: 973-243-8600 / 973-323-8660
     Fax: 973-243-8677
     Email: rtrenk@trenklawfirm.com
     Email: jraymond@trenklawfirm.com

                   About Carrano Properties LLC

Carrano Properties, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 17-35963) on December 29,
2017.  Judge Michael Kaplan presides over the case.

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


CROSBY WORLDWIDE: Bank Debt Due 2020 Trades at 2.69% Off
--------------------------------------------------------
Participations in a syndicated loan under which Crosby Worldwide
Ltd Industrial is a borrower traded in the secondary market at
97.31 cents-on-the-dollar during the week ended Friday, December
22, 2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 2.43 percentage points
from the previous week.  Crosby Worldwide Ltd pays 400 basis points
above LIBOR to borrow under the $1.025 billion facility. The bank
loan matures on Nov. 7, 2020 and carries Moody's Caa1 rating and
Standard & Poor's B- rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended December
22.


CROSBY WORLDWIDE: Bank Debt Due 2021 Trades at 9.12% Off
--------------------------------------------------------
Participations in a syndicated loan under which Crosby Worldwide
Ltd is a borrower traded in the secondary market at 90.88
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 9.27 percentage points
from the previous week.  Crosby Worldwide Ltd pays 600 basis points
above LIBOR to borrow under the $90 million facility. The bank loan
matures on Nov. 7, 2021 and carries Moody's Ca rating and Standard
& Poor's CCC rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended December 22.


CYTORI THERAPEUTICS: Swissquote Bank Has 12% Stake as of Dec. 29
----------------------------------------------------------------
Swissquote Bank SA reported to the Securities and Exchange
Commission that as of Dec. 29, 2017, it beneficially owns 5,540,055
shares of common stock of Cytori Therapeutics, Inc., constituting
12 percent of the shares outstanding.  A full-text copy of the
regulatory filing is available at https://is.gd/CqFpEB

                         About Cytori

Based in San Diego, California, Cytori -- http://www.cytori.com/--
is a therapeutics company developing regenerative and oncologic
therapies from its proprietary cell therapy and nanoparticle
platforms for a variety of medical conditions.  Data from
preclinical studies and clinical trials suggest that Cytori Cell
Therapy acts principally by improving blood flow, modulating the
immune system, and facilitating wound repair.  As a result, Cytori
Cell Therapy may provide benefits across multiple disease states
and can be made available to the physician and patient at the
point-of-care through Cytori's proprietary technologies and
products.  Cytori Nanomedicine is developing encapsulated therapies
for regenerative medicine and oncologic indications using
technology that allows Cytori to use the benefits of its
encapsulation platform to develop novel therapeutic strategies and
reformulate other drugs to optimize their clinical properties.

BDO USA, LLP, in San Diego, California, Cytori's independent
accounting firm, 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.

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 Sept. 30, 2017, Cytori had $26.44
million in total assets, $18.62 million in total liabilities and
$7.81 million in total stockholders' equity.


CYTOSORBENTS CORP: Expects 2017 Total Revenue of Approx. $15M
-------------------------------------------------------------
CytoSorbents Corporation announced preliminary unaudited fourth
quarter 2017 and full year 2017 results ahead of filing its Form
10-K, and issued a stockholder letter from Dr. Phillip Chan, chief
executive officer of CytoSorbents.

2017 Financial Highlights:

The Company expects to announce record results including:

   * Full year 2017 total revenue in excess of $15 million and Q4
     2017 total revenue of approximately $4.6 million (range $4.5-
     4.7M)

   * Full year 2017 CytoSorb sales of approximately $13.2 million
    (range $13.1 - 13.3M), representing more than 60% growth from
     $8.2 million in 2016

   * Q4 2017 product sales of approximately $4.2 million (range
     $4.1 - 4.3M), an increase of approximately 60% from $2.6
     million in Q4 2016, and more than 20% sequential growth from
     $3.4 million last quarter

   * 2017 blended gross product margins, between higher margin
     direct sales and lower margin distributor sales, that exceed
     65%

   * More than 35,000 cumulative CytoSorb treatments delivered
     versus 20,000 a year ago

   * End-of-year cash position of $17.3 million (12/31/17)

Dear Stockholders and Friends,

2017 was another outstanding year for the company, witnessing
tremendous growth in both sales and usage of CytoSorb across a
broad range of critical care and cardiac surgery applications. Most
of the catalysts that have been driving this growth - such as
ongoing treatment successes, reorders and published data from the
rapidly expanding community of CytoSorb users and thought leaders,
partnerships, reimbursement, and geographic expansion - remain in
place and continue to develop.  Meanwhile, we are diligently
pursuing additional catalysts, particularly new high volume
applications for CytoSorb.  This gives us visibility and confidence
that accelerated growth is on the horizon this year and beyond.

Looking forward in 2018, we are targeting the achievement of the
unusual but coveted combination of both rapid growth and operating
profitability (excluding non-cash expenses and clinical trial
costs) on a quarterly basis this year.  This is uncommon for a
company of our size, but critically important to building a
sustainable, highly profitable business that has the flexibility to
choose its own destiny.

We believe these goals are possible because of a unique combination
of factors that we have strategically and deliberately cultivated
since we first began commercializing CytoSorb.

   * First, CytoSorb is a high clinical impact device, addressing
     "need to have" medical emergencies, and helping to save lives
     where little else exists to help these patients.  This helps
     to justify strong average selling prices and reimbursement.
     The support of the major medical societies that advocated for
     dedicated reimbursement of CytoSorb in Germany, the largest
     medical device market in Europe and third in the world, is a
     testament to this

   * Second, CytoSorb is a high margin and excellent value
     "razorblade disposable" that is compatible with the existing
     blood pump "razor" infrastructure in hospitals around the
     world.  Our strategic partnerships with industry leaders like

     Fresenius Medical Care and Terumo Cardiovascular, two of the
     largest manufacturers of extracorporeal blood pumps and
     disposables, and Biocon and Dr. Reddy's Laboratories, speaks
     to the potentially significant future value that CytoSorb can
     have on their businesses

   * Third, we leverage a mixed revenue model across 44 countries,

     combining direct sales with our own sales force in five
     countries, with lower cost strategic partner and distributor
     sales in the rest.  With this model, we can stay in control
     and drive our own business, while establishing strong
     industry partnerships, limiting our fixed expenses, and
     covering a global footprint

   * Finally, we are the vertically integrated manufacturer of
     CytoSorb, where our bottom line directly benefits from any
     and all cost of goods reductions related to volume
     manufacturing and scale.  We expect significant expansion of

     our product gross margin, particularly as our new
     manufacturing facility, set to open in the first half of
     2018, reaches scaled production

We expect the combination of these factors and tight control of
expenses will allow more than 50 cents on every dollar in sales to
drop to earnings before interest, taxes, depreciation and
amortization (EBITDA) once we achieve true profitability.  With the
new tax law that cuts the U.S. corporate tax rate from 35% to 21%,
and together with our substantial federal net operating losses, we
will not pay federal income tax for a long time, increasing our
generation of cash.

As one of the fastest growing companies in North America, as named
by the Deloitte 2017 Fast 500 in November 2017, CytoSorbents
continues to march forward with its goal of expanding into the
United States and bringing our life-saving technology to help those
in great need at home.  In late December, the FDA approved our
investigational device exemption (IDE) application and cleared the
way to initiate our REFRESH 2 pivotal trial in cardiac surgery.
This trial was designed to provide the clinical data to support
U.S. regulatory approval -- a first for our company.  We expect to
obtain central Institutional Review Board (IRB) approval and
finalize clinical trial agreements with two of our top enrolling
sites from our REFRESH 1 trial this week, with our first patient
enrollment shortly thereafter.  In parallel, we are working closely
with our contract research organization to speed the ramp up of the
rest of the trial.

We expect 2018 to be a transformational year for CytoSorbents, with
the anticipated combination of rapid growth, operating
profitability, and a set timeline for potential U.S. regulatory
approval of CytoSorb for the first time.  We believe this
significantly increases both the probability of long-term success,
and the attractiveness of our company to a broader set of investors
and potential strategic partners.  Meanwhile, we continue to make
excellent progress in all aspects of our business, with more
exciting updates to come.

On behalf of the Board of Directors and the management team, we are
extremely thankful to all of the patients and their families,
physicians, nurses, researchers, hospital administrators, and other
healthcare personnel worldwide who have put their faith and trust
in CytoSorb and our company.  We deeply value the strong
partnerships we have forged with major corporations down to the
smallest of our independent distributors, and are motivated by our
collective commitment to helping save lives.  Finally, we are proud
of, and grateful for, the support and commitment of the more than
80 dedicated employees and consultants of our company, and their
families, for making all of this possible.

Wishing everyone a happy, healthy and prosperous 2018!

Dr. Phillip Chan, MD, PhD

Chief Executive Officer

CytoSorbents Corporation

                    About CytoSorbents

Based in Monmouth Junction, New Jersey, 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 Sept. 30, 2017,
Cytosorbents had $22.21 million in total assets, $12.74 million in
total liabilities and $9.47 million in total stockholders' equity.

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.


DAVID'S BRIDAL: Bank Debt Trades at 13.65% Off
----------------------------------------------
Participations in a syndicated loan under which David's Bridal Inc.
is a borrower traded in the secondary market at 86.35
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 1.29 percentage points
from the previous week. David's Bridal Inc pays 375 basis points
above LIBOR to borrow under the $520 million facility. The bank
loan matures on Oct. 11, 2019 and Moody's Caa1 rating and Standard
& Poor's CCC+ rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended December 22.


EVIO INC: Closes Acquisition of Calif. Cannabis Testing Laboratory
------------------------------------------------------------------
EVIO, Inc., has completed the acquisition of 60% of C3 Labs, LLC.
EVIO also has the option to purchase the remaining ownership.
Effective Jan. 1, 2018, C3 Labs LLC was also granted its temporary
testing license from the State of California, and will operate
under the brand EVIO Labs Berkeley.

Located in Berkeley, CA, C3 Labs will serve licensed California
cannabis businesses in accordance with the rules set forth by the
Bureau of Cannabis Control.  The State already issued more than 400
temporary licenses with more than 1,800 applications have been
submitted and still pending review.  The Bureau of Cannabis Control
also implemented emergency rules which require all cannabis
harvested or manufactured after Jan. 1, 2018 be tested by a
licensed testing laboratory.  Testing rules will phase-in, with
increased testing requirements both on July 1, 2018 and Jan. 1,
2019.

Licensed Cannabis companies seeking to obtain testing services from
EVIO Labs Berkeley can reach the lab by calling 888-544-EVIO (3846)
extension 2001.

"The addition of C3 Labs to the EVIO network is a tremendous
milestone for EVIO Inc.  C3 Labs generated over $1M in consulting
revenues during the last two years, EVIO plans to continue offering
these services along with traditional compliance testing. The 8,000
square foot facility is already outfitted with the latest
analytical testing equipment, and will become our Northern
California hub laboratory," commented William Waldrop EVIO CEO,
"This acquisition represents a significant development for EVIO as
the Company continues to focus on increasing market share in the
state of California.  Demand for testing services is expected to
increase significantly as the state rolls out its adult-use
marijuana market."

In consideration of the C3 Labs 60% membership acquisition, EVIO
issued a $500,000 convertible promissory note that bears no
interest and has a maturity date six months from closing at which
time the note will automatically convert at a rate of $0.75 per
share.  EVIO also issued a $100,000 promissory note that is due
within 90 days of closing.  For a period of three years from
closing date, EVIO has the right to acquire an additional 30%
ownership for $450,000 payable in cash and/or stock subject to C3
member approval.  Contingent upon exercise of the 30% option, EVIO
will have the option to acquire the remaining 10% ownership after
three years from closing.  The purchase price will be mutually
agreeable at that time, or subject to independent third-party
valuation.

                       About C3 Labs, LLC.

Located in Berkeley, CA, C3 Labs, LLC has been serving the cannabis
industry since 2015.  C3 Labs was one of the nation's first, true,
cannabis-focused contract research organization (CRO), with both
field services and a state of the art research center in beautiful
Berkeley, California.  C3 Labs' highly experienced scientists and
engineers utilize cutting edge technology to support their
customers in analytical chemistry, process chemistry, formulations,
and engineering.  C3 Labs applies technologies employed by the food
product and pharmaceutical industries to ensure that growers and
processors operate in a fully compliant and quality manner and
helps clients maintain the highest level of safe and effective
medicinal products.  Their staff has over 40 years of collective
hands-on analytical expertise working in the Pharmaceutical and
Petrochemical industries with 7 years of experience consulting to
the FDA, USDA, and EPA, as well as the companies regulated by these
agencies.

                        About EVIO, Inc.  

Based in Bend, Oregon, EVIO, Inc. -- http://www.eviolabs.com/-- is
a life science company focused on advancing and analyzing cannabis
as a means for improving quality of life.  The Company provides
analytical testing services, advisory services and performs product
research in its accredited laboratory testing facilities.  The
Company's EVIO Labs division operating coast-to-coast provides
state-mandated ancillary services to ensure the safety and quality
of the nation's cannabis supply.

At a special meeting of stockholders held on Aug. 30, 2017, the
stockholders of Signal Bay approved, among other things, an
amendment to the Company's Restated and Amended Articles of
Incorporation to change the name of the Company to "EVIO, Inc." The
name change took effect at 12:01 am Sept. 6, 2017.

Signal Bay reported a net loss of $2.55 million for the year ended
Sept. 30, 2016, following a net loss of $1.45 million for the year
ended Sept. 30, 2015.  As of June 30, 2017, Signal Bay had $3.97
million in total assets, $3.13 million in total liabilities and
$838,396 in total equity.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2016, stating that the Company has negative working
capital, recurring losses from operations and likely needs
financing in order to meet its financial obligations.  These
conditions raise significant doubt about the Company's ability to
continue as a going concern.


EXPRO HOLDINGS: Taps Freshfields as Special Counsel
---------------------------------------------------
Expro Holdings US Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to hire Freshfields
Bruckhaus Deringer LLP as special counsel.

The firm will provide corporate and financial advice in connection
with the financial restructuring of Expro Holdings U.K. 3 Limited
and certain of its affiliates through a pre-packaged Chapter 11
bankruptcy proceeding in the United States.  It will also advise
the Debtors on structuring an exit loan facility and rights
offering, and on general corporate matters under U.K. law during
the restructuring.

The firm's hourly rates applicable to the U.K.-based and U.S.-based
attorneys who will be responsible for the work that it will perform
are:

     Partners         GBP875 - GBP950
     Counsel                   GBP720
     Associates       GBP360 - GBP620
     Trainee                   GBP210
     Paralegal        GBP135 - GBP175

     Partners     US$1,165 - US$1,250
     Counsel                 US$1,065
     Associates       US$545 - US$965
     Trainee          US$395 - US$425
     Paralegal        US$325 - US$425

Freshfields has agreed that a volume discount of 7.5% will be
applied on all fees incurred through March 30, 2018.

A retainer payment was made to Freshfields in the sum of GBP250,000
on December 6, 2017, and another GBP450,000 on December 13, 2017.

Freshfields does not hold or represent any interest adverse to the
Debtors or their estates, according to court filings.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Richard
Peter Tett, Esq., disclosed that the base hourly rates and
corresponding rate structure that the firm will use is comparable
to the corresponding hourly rates and rate structure that it has
used previously for other corporate and financing matters of a
similar nature, size and complexity.

Freshfields has agreed to a volume discount equal to 7.5% with
respect to all fees incurred through March 30, 2018, relating to
its employment, and this discount is consistent with discounts
provided to the Debtors prior to the filing of their bankruptcy
cases, according to Mr. Tett.

Mr. Tett also disclosed that no Freshfields professional has varied
his rate based on the geographic location of the Debtors' cases.

Freshfields and the Debtors are in the process of developing and
finalizing a budget and staffing plan, according to Mr. Tett.

The firm can be reached through:

     Richard Peter Tett, Esq.
     Freshfields Bruckhaus Deringer LLP
     65 Fleet St., London EC4Y 1HT
     United Kingdom
     Tel: +44 20-7936-4000
     Fax: +44 20-7832-7001
     Email: richard.tett@freshfields.com

                       About Expro Holdings

Expro Holdings US Inc. -- https://www.exprogroup.com/ -- is a
provider of specialized well flow management products and services
to the oil and gas industry, with a specific focus on offshore,
deepwater and other technically challenging environments.

Expro's products and services help its customers in the oil and gas
industry optimize production costs and maximize recoveries by
measuring, improving, controlling and processing flow from
high-value oil and gas wells.

Expro has more than 40 years of experience assisting its customers
in all aspects of well management, from exploration and appraisal
through to mature field production optimization and eventual well
abandonment.  Expro has more than 4,100 employees and more than 500
contractors in over 50 countries.  Expro was founded in 1973 in the
U.K. and is headquartered in Houston, Texas.

Expro Holdings US Inc. and 30 affiliates and subsidiaries sought
Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 17-60179) on
Dec. 18, 2017.

Expro Holdings estimated assets of $500 million to $1 billion and
liabilities of $1 billion to $10 billion.

The Debtors tapped Jackson Walker, L.L.P., and Paul, Weiss,
Rifkind, Wharton & Garrison LLP as counsel; Alvarez & Marsal as
restructuring advisors; and Prime Clerk LLC as claims agent.


FIELDPOINT PETROLEUM: Obtains Forbearance Extension from Citibank
-----------------------------------------------------------------
FieldPoint Petroleum Corporation announced a seventh amendment to
its loan agreement with Citibank, which includes a first amendment
to the Forbearance Agreement.  The Agreement has an effective date
of Dec. 29, 2017.

The existing Credit Agreement has been amended to extend the
maturity date to March 31, 2018.

Unless the Forbearance Period is sooner terminated as provided,
Citibank agrees to forbear from the exercise of any of its rights
and remedies under the Existing Credit Agreement and the other Loan
Documents in connection with the Specified Defaults and the
Specified Anticipated Defaults for a period beginning as of the
Effective Date and continuing through and including March 31,
2018.

The parties agree to reduce the Revolving Credit Borrowing Base to
$2,761,632, which Revolving Credit Borrowing Base will remain in
effect until redetermined pursuant to the terms of Article III of
the Loan Agreement.

Phillip Roberson, president and CFO of FieldPoint, stated, "Again,
we express our appreciation for the cooperation of CitiBank, as we
have been able to pay down debt with a minimal effect on cash flow
and collateral.  We are finally seeing some stability in energy
prices and continue to evaluate opportunities for future growth."

A full-text copy of the Seventh Amendment to Loan Agreement and
First Amendment to Forbearance Agreement is available for free at:

                      https://is.gd/KqjmSt

                   About FieldPoint Petroleum

Based in Austin, Texas, FieldPoint Petroleum Corporation (NYSE:FFP)
-- http://www.fppcorp.com/-- acquires, operates and develops oil
and gas properties.  Its principal properties include Block A-49,
Spraberry Trend, Giddings Field, and Serbin Field, Texas; Flying M
Field, Sulimar Field, North Bilbrey Field, Lusk Field, and Loving
North Morrow Field, New Mexico; Apache Field, Chickasha Field, and
West Allen Field, Oklahoma; Longwood Field, Louisiana; and Big
Muddy Field, Wyoming.  As of Dec. 31, 2015, the Company had varying
ownership interests in 472 gross wells (113.26 net).  FieldPoint
Petroleum Corporation was founded in 1980 and is based in Austin,
Texas.

As of Sept. 30, 2017, FieldPoint had $7.97 million in total assets,
$6.59 million in total liabilities and $1.37 million in total
stockholders' equity.  FieldPoint reported a net loss of $2.47
million in 2016 and $10.98 million in 2015.

Hein & Associates LLP, in Dallas, Texas, 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, and has a working capital deficit.  This, the auditors
said, raises substantial doubt about the Company's ability to
continue as a going concern.


FITNESS FACTORY CAPITOL: Seeks to Hire Sheila Durant as Counsel
---------------------------------------------------------------
Fitness Factory Capitol Heights, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Maryland to hire Sheila
Durant, Esq., as its legal counsel.

Ms. Durant will advise the Debtor regarding its duties under the
Bankruptcy Code; assist in the preparation of a plan of
reorganization; and provide other legal services related to its
Chapter 11 case.

The attorney charges an hourly fee of $375 for her services.
Paralegals charge $125 per hour.

Ms. Durant is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code, according to court filings.

Ms. Durant maintains an office at:

     Sheila Durant, Esq.
     201 N. Charles Street, Suite 600
     Baltimore, MD 21201
     Phone: 410-499-7610
     Email: durantsheila@gmail.com

            About Fitness Factory Capitol Heights Inc.

Fitness Factory Capitol Heights, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 17-23311)
on October 5, 2017, listing under $1 million in both assets and
liabilities.  Judge Thomas J. Catliota presides over the case.


FORTERRA INC: Bank Debt Trades at 6.70% Off
-------------------------------------------
Participations in a syndicated loan under which Forterra Inc is a
borrower traded in the secondary market at 93.30
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 0.69 percentage points
from the previous week. Forterra Inc pays 300 basis points above
LIBOR to borrow under the $1.047 billion facility. The bank loan
matures on Oct. 25, 2023 and Moody's B3 rating and Standard &
Poor's B- rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended December 22.


FREEMAN GRADING: Wants to Use MainSource Bank Cash Collateral
-------------------------------------------------------------
Freeman Grading & Excavating, LLC, asks the U.S. Bankruptcy Court
for the Southern District of Indiana for entry of interim and final
orders authorizing the Debtor to use cash collateral as set forth
in the Budget.

The proposed Budget provides total cash expenses of approximately
$96,140.

As of the Petition Date, the Debtor is indebted to MainSource Bank.
The Debtor believes that all of the Debtor's obligations to
MainSource may be valid, enforceable and non-avoidable,
first-priority liens and security interests in substantially all of
the Debtor's personal property.

The Debtor has an immediate need to use cash collateral which is
the subject of the liens in favor of MainSource, in order to
permit, among other things, the orderly continuation of the
operation of the Debtor's business, to maintain business
relationships with vendors and suppliers and to satisfy other
working capital needs.

All of the Debtor's cash, cash equivalents and cash on deposit as
of the Petition Date and all proceeds of the Debtor's personal
property securing the Debtor's obligation to MainSource, among
other things, may constitute MainSource's "cash collateral." The
Debtor tells the Court that MainSource has placed an administrative
hold on the Debtor's bank account at MainSource Bank, which has
approximately $20,000 in it and constitutes cash collateral.

The Debtor proposes to grant MainSource with replacement liens over
cash collateral to the same extent, validity and priority of
MainSource's pre-petition liens is fair, reasonable and necessary
under the circumstances. As additional adequate protection to
MainSource, the Debtor agrees to operate under the budget, which
covers the Petition Date through February 9, 2018. The Debtor will
also maintain insurance on MainSource's collateral naming
MainSource as a loss payee.

Additionally, the Debtor will provide MainSource with the following
weekly reports, which reports will be current as of the end of the
previous week: (a) a detailed aging of accounts receivables; (b) a
detailed aging of accounts payable; (c) a detailed retainage
report; and (d) a work in process report.

A full-text copy of the Debtor's Motion is available at:

           http://bankrupt.com/misc/insb18-00037-14.pdf

                     About Freeman Grading

Freeman Grading & Excavating, LLC, is an excavating contractor
based in Trafalgar, Indiana.  The company is a small business
debtor as defined in 11 U.S.C. Section 101(51D).

Freeman Grading & Excavating filed a Chapter 11 petition (Bankr.
S.D. Ind. Case No. 18-00037) on Jan. 3, 2018.  The petition was
signed by Michael D. Freeman, member and 100% owner.  At the time
of filing, the Debtor estimated $500,000 to $1 million in assets
and $1 million to $10 million in liabilities.

The case is assigned to Judge Jeffrey J. Graham.

The Debtor is represented by John Joseph Allman, Esq. and David R.
Krebs, Esq. at Hester Baker Krebs LLC.


GENERAL NUTRITION: Bank Debt Trades at 15.30% Off
-------------------------------------------------
Participations in a syndicated loan under which General Nutrition
Centers is a borrower traded in the secondary market at 84.70
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 0.82 percentage points from
the previous week. General Nutrition Centers pays 250 basis points
above LIBOR to borrow under the $1.375 billion facility. The bank
loan matures on Mar. 4, 2019 and Moody's B3 rating and Standard &
Poor's CCC+ rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended December 22.


GETTY IMAGES: Bank Debt Trades at 9.71% Off
-------------------------------------------
Participations in a syndicated loan under which Getty Images Inc is
a borrower traded in the secondary market at 90.29
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 1.31 percentage points
from the previous week.  Getty Images Inc pays 350 basis points
above LIBOR to borrow under the $1.900 billion facility. The bank
loan matures on October 3, 2019 and Moody's B3 rating and Standard
& Poor's CCC rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended December 22.


GIGA-TRONICS INC: Appoints Armanino LLP as New Accountants
----------------------------------------------------------
The Audit Committee of the Board of Directors of Giga-tronics
Incorporated approved the engagement of Armanino LLP as the
Company's independent registered public accounting firm for the
fiscal year ending March 30, 2018, after completing a competitive
bid process.  As a result of the engagement of Armanino, the
Company has dismissed Crowe Horwath LLP from that role on that
date.

During the Company's two most recent fiscal years and through Jan.
9, 2018, (i) there were no disagreements with Crowe on any matter
of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure which, if not resolved
to Crowe's satisfaction, would have caused Crowe to make reference
to the subject matter in connection with their reports on the
Company's financial statements for such years; and (ii) there were
no reportable events, within the meaning set forth in Item
304(a)(1)(v) of Regulation S-K.

Crowe's reports on the financial statements of the Company for the
two most recent fiscal years included a qualification based on the
Company's disclosure that certain matters raised substantial doubt
as to the Company's ability to continue as a going concern. Crowe's
reports stated that the consolidated financial statements did not
include any adjustments that might result from the outcome of this
uncertainty.

In addition, during the Company's two most recent fiscal years and
through Jan. 9, 2018, neither the Company, nor any party on the
Company's behalf, consulted Armanino with respect to (i) the
application of accounting principles to a specified transaction,
either completed or proposed, or the type of the audit opinion that
might be rendered on the Company's financial statements, and no
written report or oral advice was provided to the Company that
Armanino concluded was an important factor considered by the
Company in reaching a decision as to any accounting, auditing or
financial reporting issue, or (ii) any matter that was subject to
any disagreement, as defined in Item 304(a)(1)(iv) of Regulation
S-K and the related instructions thereto, or a reportable event
within the meaning set forth in Item 304(a)(1)(v) of Regulation
S-K.

                      About Giga-tronics

Headquartered in Dublin, California, Giga-tronics Incorporated
produces electronic warfare instruments used in the defense
industry and YIG RADAR filters used in fighter jet aircraft.  It
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 Sept. 30, 2017, Giga-Tronics had $8.48
million in total assets, $8.81 million in total liabilities and a
total shareholders' deficit of $335,000.

"The Company has experienced delays in the development of features,
receipt of orders, and shipments for the new Advanced Signal
Generator ("ASG").  These delays have contributed, in part, to a
decrease in working capital.  The new ASG product has shipped to
several customers, but potential delays in the development or
refinement of features, longer than anticipated sales cycles, or
uncertainty as to the Company's 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 which expires on 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 September 30, 2017, the line of credit had a
balance of $552,000.

"These matters raise substantial doubt as to the Company's ability
to continue as a going concern," the Company stated in its
quarterly report for the period ended Sept. 30, 2017.


GLOBAL A&T: Court Confirms Ch. 11 Plan
--------------------------------------
On December 21, 2017, the United States Bankruptcy Court for the
Southern District of New York approved the disclosure statement
disclosure statement explaining Global A&T Electronics, Ltd.'s
Chapter 11 Plan of Reorganization and confirmed the Joint Plan.

The Plan provides for a comprehensive restructuring of the Debtors'
obligations, preserves the going-concern value of the Debtors'
business, maximizes recoveries available to all constituents,
provides for an equitable distribution to the Debtors'
stakeholders, and protects the jobs of more than 10,000 employees.

The Debtor entered into prepetition Restructuring Transactions,
which provide, among other things, that on the Effective Date:

   * the Debtors will issue $665 million in 8.5% New Secured Notes
due 2022, and the Debtors will distribute approximately $517.64
million of the New Secured Notes to the Initial Noteholders and
approximately $84.9 million of the New Secured Notes to the
Additional Noteholders;

   * the Debtors will also distribute $8.89 million of Cash to the
Initial Noteholders;

   * the Debtors will distribute an additional $11.11 million of
the New Secured Notes and $1.11 million of
Cash to the 2014 Plaintiff Initial Noteholders;

   * included in the $517.64 million of New Secured Notes that the
Debtors will distribute to Initial Noteholders are $5 million of
New Secured Notes that would otherwise be distributed to the Holder
of the Affiliate Noteholder Notes;

   * UTAC, the Debtors' ultimate equity owner, will issue common
equity to the Additional Noteholders in such amount as to
constitute 31% of the outstanding common equity of UTAC on a
post-emergence basis, subject to dilution by any post-emergence
management incentive plan adopted by UTAC, with the Affinity
Entities (other than the Affiliate Noteholder) and TPG collectively
holding, directly or indirectly, the other 69% of the outstanding
common equity of UTAC on a post-emergence basis;

   * all outstanding and undisputed General Unsecured Claims
against the Debtors will be Unimpaired and unaffected by the
Chapter 11 Cases, and will be paid in full in Cash;

   * all Priority Tax Claims, Other Priority Claims, and Other
Secured Claims will be paid in full in Cash, or receive such other
customary treatment that renders such Claims Unimpaired under the
Bankruptcy Code;

   * all Administrative Claims shall be paid in full in Cash, or
receive such other customary treatment that renders such Claims
Unimpaired under the Bankruptcy Code; provided that the Debtors
will distribute $31.25 million in New Secured Notes to the Initial
Noteholders that are Consenting Noteholders under the Restructuring
Support Agreement and $25.1 million in New Secured Notes to the
Additional Noteholders that are Consenting Noteholders under the
Restructuring Support Agreement in full satisfaction of all Claims
arising on account of the Forbearance Fee; and

   * UTAC will cause UMS -- which provides semiconductor testing
and assembly services similar to GATE to its sole customer,
Panasonic -- to guarantee the New Secured Notes, and UMS and GATE
will be operated by a single management team, owned by UTAC.

A full-text copy of the Disclosure Statement is available at:

      http://bankrupt.com/misc/nysb17-23931-11.pdf

                 About Global A&T Electronics

Global A&T Electronics Ltd. is a subsidiary of UTAC Holdings Ltd.
that provides semiconductor assembly and test services for
integrated circuits for use in analog, mixed-signal and logic, and
memory products in the United States, Japan, rest of Asia, Europe,
and internationally.

UTAC Holdings and its subsidiaries are independent providers of
assembly and test services for a broad range of semiconductor chips
with diversified end uses, including in-communications devices
(such as smartphones, Bluetooth and WiFi), consumer devices,
computing devices, automotive devices, security devices, and
devices for industrial and medical applications.  The company
offers its customers a full range of semiconductor assembly and
test services in these key product categories: analog, mixed-signal
and logic, and memory.  UTAC's customers are primarily fabless
companies, integrated device manufacturers and wafer foundries.

UTAC is headquartered in Singapore, with production facilities
located in Singapore, Thailand, Taiwan, China, Indonesia and
Malaysia.  The company's global sales network is broadly focused on
five regions: the United States, Europe, China and Taiwan, Japan,
and the rest of Asia.  The Debtors have 10,402 full-time
employees.

Global A&T and its affiliates sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case Nos. 17-23931 to
17-23943) on Dec. 17, 2017.  Michael E. Foreman, general counsel
and authorized officer, signed the petitions.

At the time of the filing, the Debtors estimated assets of $500
million to $1 billion and liabilities of $1 billion to $10
billion.

Judge Robert D. Drain presides over the cases.  

The Debtors hired Kirkland & Ellis LLP as their bankruptcy counsel;
Moelis & Company Asia Limited and Moelis & Company LLC as financial
advisors; Alvarez & Marsal North America, LLC and Alvarez & Marsal
(SE Asia) Pte. Ltd. as restructuring advisors; and Prime Clerk LLC
as notice, claims and balloting agent.


GRAND CANYON RANCH: FCI Files 3rd Amended Plan of Liquidation
-------------------------------------------------------------
Creditor Fann Contracting, Inc. filed with the U.S. Bankruptcy
Court for the District of Nevada a second amended disclosure
statement to accompany its third amended plan of liquidation for
Grand Canyon Ranch, LLC dated Jan. 2, 2018.

Class 3B under the latest plan consists of the allowed general
unsecured claims, excepting Fann. Holders of allowed general
unsecured claims will receive pro rata distributions on account of
their claims from the Estate's cash on hand following the
consummation of the Settlement Agreement. Class 3B's pro rata
distribution will be reduced, if necessary, to ensure that Fann
receives no less than a $500,000 distribution. Distributions to
Class 3B will made 60 days following the Effective Date of the Plan
or as soon as a base number for distribution can be calculated, but
all payments will be made later than three years after the
Effective Date.

Class 3B includes a claim from the Internal Revenue Service in the
amount of $34,111.91 and the unsecured claim of the Arizona
Department of Revenue in the amount of $7,539.95. The Unsecured Tax
Claims are the co- responsibility of non-Debtor entities
specifically the Mared Parties and/or the Canyon Rock Parties, and
the Unsecured Tax Claims shall be equitably marshaled so that the
AZDOR and the IRS must seek repayment of their respective claim
from these entities prior to seeking a distribution from the
Estate. The Unsecured Tax Claims to the extent Allowed, will be
paid their pro rata distribution upon the later of: conclusion of
the AZDOR's and IRS's exhaustive attempt to seek repayment of this
claim from non-debtor entities; or 14 days following a final order
allowing or disallowing in part the Unsecured Tax Claims following
claim objection. Additionally, Fann believes that there are other
claims that are the co-responsibility of the Mared Parties and/or
the Canyon Rock Parties and will be bringing objections to those
claims so that they must first seek repayment from non-debtor
entities.

A full-text copy of Fann's Third Second Amended Disclosure
Statement is available at:

     http://bankrupt.com/misc/nvb15-14145-659.pdf

               About Grand Canyon Ranch

Headquartered in Las Vegas, Nevada, Grand Canyon Ranch, LLC, filed
for Chapter 11 bankruptcy protection (Bankr. D. Nev. Case No.
15-14145) on July 20, 2015, estimating its assets at between $1
million and $10 million and its liabilities at between $10 million
and $50 million.  The petition was signed by Nigel Turner,
manager.

Judge August B. Landis presides over the case.

Matthew L. Johnson, Esq., at Johnson & Gubler, P.C., serves as the
Debtor's bankruptcy counsel.


GREAT VISTA: Case Summary & 8 Unsecured Creditors
-------------------------------------------------
Debtor: Great Vista Real Estate Invesment Corporation
          dba Shelby Luxury Properties, Inc.
        126 Atherton Avenue
        Atherton, CA 94027

Business Description: Great Vista Real Estate Invesment
                      Corporation is a privately owned real estate

                      company based in Atherton, California.  The
                      company is the fee simple owner of a single-
                      family residential property located at 126
                      Atherton Avenue, Atherton, CA 94027 valued
                      by the company at $9.5 million.

Chapter 11 Petition Date: January 10, 2018

Case No.: 18-30032

Court: United States Bankruptcy Court
       Northern District of California (San Francisco)

Debtor's Counsel: James Andrew Hinds, Jr., Esq.
                  HINDS & SHANKMAN, LLP
                  21515 Hawthorne Blvd. #1150
                  Torrance, CA 90503
                  Tel: (310) 316-0500
                  Fax: (310) 792-5977
                  E-mail: jhinds@jhindslaw.com

Total Assets: $12.21 million

Total Debts: $10.91 million

The petition was signed by Tsai Luan Ho (aka Shelby Ho), CEO.

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

           http://bankrupt.com/misc/canb18-30032.pdf

List of Debtor's Eight Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Burke, Williams &                  Legal Fees and              $1
Sorensen, LLP                           Costs

DFI Technologies, LLC              Residential           $100,000
                                   Single Family
                                   Residence, 126
                                   Atherton Avenue,
                                   CA 94027

DFI Technologies, LLC              Residential Single     $57,000
                                   Family Residence
                                   126 Atherton Avenue
                                   Atherton, CA 94027
                               
Dykema Gossett LLP                  Attorney's Fees      $359,000
333 S. Grand Ave., #2100
Los Angeles, CA 90071

Law Office of Richard Wahng         Attorney's Fees            $1

Law Offices of George Eshoo                              $271,623
702 Marshall Street, #500
Redwood City, CA 94063

Mercedez Benz                      Early Termination            $1
                                        of Lease

YCJS 2012 LLC                     Residential Single      $630,792
13566 Toni Anne Place             Family Residence
Saratoga, CA 95070                126 Atherton Avenue
                                  CA, 94027


HELIOS AND MATHESON: MoviePass Tops 1.5M Subscribers as of Jan. 7
-----------------------------------------------------------------
MoviePass Inc., a majority-owned subsidiary of Helios and Matheson
Analytics Inc., announced that it has surpassed over 1.5 million
paying subscribers as of Jan. 7, 2018, according to a Form 8-K
report filed with the Securities and Exchange Commission.

                  About Helios and Matheson

Helios and Matheson Analytics Inc. (NASDAQ: HMNY) --
http://www.hmny.com/-- provides information technology consulting,
training services, software products and an enhanced suite of
services of predictive analytics.  Servicing Fortune 500
corporations and other large organizations, HMNY focuses mainly on
BFSI technology verticals. HMNY's solutions cover the entire
spectrum of IT needs, including applications, data, and
infrastructure.  HMNY is headquartered in New York, NY and listed
on the NASDAQ Capital Market under the symbol HMNY.

Helios and Matheson reported a net loss of $7.38 million for the
year ended Dec. 31, 2016, compared to a net loss of $2.11 million
for the year ended Dec. 31, 2015.  As of Sept. 30, 2017, Helios and
Matheson had $17.46 million in total assets, $41.54 million in
total liabilities, $2.09 million in redeemable common stock, and a
total shareholders' deficit of $26.17 million.

As of Dec. 31, 2016, the Company had cash and working capital of
$2,747,240 and $1,229,389, respectively.  During the year ended
Dec. 31, 2016, the Company used cash from operations of $2,134,313.
In addition, as of the date the financial statements were issued,
the Company has notes receivable of $6,900,000 from a convertible
note holder.  Management believes that current cash on hand coupled
with the notes receivable makes it probable that the Company's cash
resources will be sufficient to meet the Company's cash
requirements through approximately April 2018.  If necessary,
management also determined that it is probable that external
sources of debt and/or equity financing could be obtained based on
management's history of being able to raise capital coupled with
current favorable market conditions.  As a result of both
management's plans and current favorable trends in improving cash
flow, the Company concluded that the initial conditions which
raised substantial doubt regarding the ability to continue as a
going concern have been alleviated.


IHEARTCOMMUNICATIONS INC: CCOH Demands Repayment of $30M Note
-------------------------------------------------------------
On Jan. 5, 2018, (i) Clear Channel Outdoor Holdings, Inc., an
indirect, non-wholly owned subsidiary of iHeartCommunications,
Inc., provided notice of its intent to make a demand for repayment
on Jan. 24, 2018 of $30.0 million outstanding under the Revolving
Promissory Note, dated as of Nov. 10, 2005, between
iHeartCommunications, as maker, and CCOH, as payee, and (ii) the
Board of Directors of CCOH declared a special cash dividend payable
on Jan. 24, 2018 to CCOH's Class A and Class B stockholders of
record at the closing of business on Jan. 19, 2018, in an aggregate
amount equal to $30.0 million, to be funded with the proceeds of
the Demand.  iHeartCommunications will be entitled to receive
approximately 89.5%, or approximately $26.85 million, of the
proceeds of the dividend through its wholly-owned subsidiaries.
The remaining approximately 10.5% of the proceeds of the dividend,
or approximately $3.15 million, will be paid to the public
stockholders of CCOH.

                    About iHeartMedia, Inc. and
                     iHeartCommunications, Inc.

iHeartMedia, Inc. (PINK:IHRT), the parent company of
iHeartCommunications, Inc., is a global media and entertainment
company.  Based in San Antonio, Texas, iHeartCommunications
specializes in radio, digital, outdoor, mobile, social, live
events, on-demand entertainment and information services for local
communities, and uses its unparalleled national reach to target
both nationally and locally on behalf of its advertising partners.
The Company's outdoor business reaches over 34 countries across
five continents.

iHeartCommunications reported a net loss attributable to the
Company of $296.31 million in 2016, a net loss attributable to the
Company of $754.6 million in 2015, and a net loss attributable to
the Company of $793.8 million in 2014.  As of Sept. 30, 2017,
iHeartCommunications had $12.25 billion in total assets, $23.93
billion in total liabilities and a total stockholders' deficit of
$11.67 billion.

                           *    *    *

In March 2017, Fitch Ratings downgraded iHeartCommunications,
Inc.'s Long-Term Issuer Default Rating (IDR) to 'C' from 'CC'.  The
downgrade reflects iHeart's announcement on March 15, 2017, that
the company has commenced a global restructuring effort targeting
approximately $14.6 billion in debt including all of the
outstanding Term Loans and PGNs as well as the senior notes due
2021.

Also in March 2017, S&P Global Ratings lowered its corporate credit
rating on Texas-based media company iHeartMedia Inc. and its
subsidiary iHeartCommunications Inc. to 'CC' from 'CCC'.  The
rating outlook is negative.  The downgrade follows
iHeartCommunications' announcement that it has offered to exchange
five series of priority-guarantee notes, its senior notes due 2021,
and its term loan D and E for longer-dated debt; and, in certain
scenarios, stock and warrants, or contingent value rights.  "Under
all but one scenario, there would be a reduction in the principal
amount of debt outstanding and an extension of the debt maturity by
two years for exchanged debt," said S&P Global Ratings' credit
analyst Jeanne Shoesmith.  "The company's debt is trading at
significant discounts to par of 20%-60%, and we believe its capital
structure is unsustainable."

In December 2016, Moody's Investors Service affirmed
iHeartCommunications, Inc.'s 'Caa2' Corporate Family Rating.


INTELSAT JACKSON: Bank Debt Trades at 2.25% Off
-----------------------------------------------
Participations in a syndicated loan under which Intelsat Jackson
Holdings LTD is a borrower traded in the secondary market at 97.75
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 0.58 percentage points
from the previous week. Intelsat Jackson Holdings LTD pays 375
basis points above LIBOR to borrow under the $2 billion facility.
The bank loan matures on Nov. 27, 2023 and Moody's B1 rating and
Standard & Poor's B rating.  The loan is one of the biggest gainers
and losers among 247 widely quoted syndicated loans with five or
more bids in secondary trading for the week ended December 22.


INTERPACE DIAGNOSTICS: Hal Mintz Reports Ownership of 4.99%
-----------------------------------------------------------
Sabby Healthcare Master Fund, Ltd. beneficially owns 120,476 shares
of Interpace Diagnostics Group, Inc.'s common stock, representing
approximately 0.45% of the Common Stock.  Sabby Management, LLC and
Hal Mintz each beneficially own 1,339,766 shares of the Common
Stock, representing approximately 4.99% of the Common Stock.  Sabby
Management, LLC and Hal Mintz do not directly own any shares of
Common Stock, but each indirectly owns 1,339,766 shares of Common
Stock.  Sabby Management, LLC, a Delaware limited liability
company, indirectly owns 1,339,766 shares of Common Stock because
it serves as the investment manager of Sabby Healthcare Master
Fund, Ltd and Sabby volatility Warrant Master Fund, Ltd.  Mr. Mintz
indirectly owns 1,339,766 shares of Common Stock in his capacity as
manager of Sabby Management, LLC.

A full-text copy of the Schedule 13G/A is available at:

                    https://is.gd/jXvO3o

                  About Interpace Diagnostics

Headquartered in Parsippany, New Jersey, Interpace Diagnostics
Group, Inc. -- http://www.interpacediagnostics.com/-- is a fully
integrated commercial company that provides clinically useful
molecular diagnostic tests and pathology services for evaluating
risk of cancer by leveraging the latest technology in personalized
medicine for better patient diagnosis and management.  The Company
currently has three commercialized molecular tests; PancraGEN for
the diagnosis and prognosis of pancreatic cancer from pancreatic
cysts; ThyGenX, for the diagnosis of thyroid cancer from thyroid
nodules utilizing a next generation sequencing assay and ThyraMIR,
for the diagnosis of thyroid cancer from thyroid nodules utilizing
a proprietary gene expression assay.  Interpace's mission is to
provide personalized medicine through molecular diagnostics and
innovation to advance patient care based on rigorous science.

BDO USA, LLP, in Woodbridge, New Jersey, 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 continuing operations that raise substantial doubt
about its ability to continue as a going concern.

Interpace reported a net loss of $8.33 million on $13.08 million of
net revenue for the year ended Dec. 31, 2016, following a net loss
of $11.35 million on $9.43 million of net revenue for the year
ended Dec. 31, 2015.  As of Sept. 30, 2017, Interpace Diagnostics
had $50.39 million in total assets, $14.01 million in total
liabilities and $36.37 million in total stockholders' equity.


ITUS CORPORATION: Incurs $7.01 Million Net Loss in Fiscal 2017
--------------------------------------------------------------
ITUS Corporation filed with the Securities and Exchange Commission
its annual report on Form 10-K disclosing a net loss attributable
to common stockholders of $7.01 million on $362,500 of revenue for
the year ended Oct. 31, 2017, compared to a net loss attributable
to common stockholders of $5.01 million on $300,000 of revenue for
the year ended Oct. 31, 2016.

As of Oct. 31, 2017, ITUS Corp. had $8.81 million in total assets,
$889,493 in total liabilities and $7.92 million in total
shareholders' equity.

As of the date of filing of its last annual report on Form 10-K,
there was substantial doubt about the Company's ability to continue
as a going concern due to the limited amount of cash, cash
equivalents and short-term investments it held as compared to its
projected cash needs for the ensuing 12 months.  The Company
evaluated its cash position and future plans for the Company and
embarked on a plan to ensure it had sufficient resources to execute
its plans.  Accordingly, over the past twelve months, the Company
raised nearly $12 million through multiple financing arrangements,
including a shareholder rights offering, a registered direct
offering, and an at-the-market equity offering, and satisfied debt
obligations through payments of cash and common stock.  With no
significant debt and approximately $6.8 million in cash, cash
equivalents and short-term investments as of Oct. 31, 2017, the
Company believes that it has alleviated substantial doubt about its
ability to continue as a going concern.

"Based on currently available information as of January 9, 2018, we
believe that our existing cash, cash equivalents, short-term
investments and expected cash flows will be sufficient to fund our
activities for the next 12 months," said the Company in the Annual
Report.  "However, our projections of future cash needs and cash
flows may differ from actual results.  If current cash on hand,
cash equivalents, short term investments and cash that may be
generated from our business operations are insufficient to continue
to operate our business, or if we elect to invest in or acquire a
company or companies that are synergistic with or complimentary to
our technologies, we may be required to obtain more working
capital.  We may seek to obtain working capital during our fiscal
year ended 2018 or thereafter through sales of our equity
securities or through bank credit facilities or public or private
debt from various financial institutions where possible.  We cannot
be certain that additional funding will be available on acceptable
terms, or at all.  If we do identify sources for additional
funding, the sale of additional equity securities or convertible
debt could result in dilution to our stockholders.  Additionally,
the sale of equity securities or issuance of debt securities may be
subject to certain security holder approvals or may result in the
downward adjustment of the exercise or conversion price of our
outstanding securities.  We can give no assurance that we will
generate sufficient cash flows in the future to satisfy our
liquidity requirements or sustain future operations, or that other
sources of funding, such as sales of equity or debt, would be
available or would be approved by our security holders, if needed,
on favorable terms or at all.  If we fail to obtain additional
working capital as and when needed, such failure could have a
material adverse impact on our business, results of operations and
financial condition.  Furthermore, such lack of funds may inhibit
our ability to respond to competitive pressures or unanticipated
capital needs, or may force us to reduce operating expenses, which
would significantly harm the business and development of
operations."

During the year ended Oct. 31, 2017, cash used in operating
activities was approximately $3,797,000.  Cash used in investing
activities was approximately $2,735,000, resulting from the
purchase of certificates of deposit totaling $5,501,000 which was
offset by the proceeds on maturities of certificates of deposit
totaling $2,751,000 and the sale of property and equipment of
$45,000 offset by the purchase of property and equipment of
approximately $30,000.  Cash provided by financing activities was
approximately $7,383,000, resulting from the sale of common stock
in a shareholder rights offering, an at-the-market offering and a
registered direct offering of approximately $4,203,000, $3,461,000
and $3,212,000, respectively, and the proceeds from exercise of
stock options of approximately $7,000, offset by payments made on a
secured debenture of $3,000,000 and redemption of convertible
preferred stock of $500,000.  As a result, the Company's cash, cash
equivalents, and short-term investments at Oct. 31, 2017 increased
approximately $3,601,000 to approximately $6,839,000 from
approximately $3,238,000 at the end of fiscal year 2016.

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

                    https://is.gd/mqC3oL

                    About ITUS Corporation

San Jose, California-based ITUS Corporation (NASDAQ:ITUS) --
http://www.ITUScorp.com/-- funds, develops, acquires, and licenses
emerging technologies in areas such as biotechnology.  Formerly
known as CopyTele, the Company is developing a platform called
Cchek, a series of non-invasive, blood tests for the early
detection of solid tumor based cancers, which is based on the
body's immunological response to the presence of a malignancy.
CopyTele changed its name to "ITUS Corporation" on Sept. 2, 2014,
to reflect the Company's change in its business operations.


JC PENNEY: Bank Debt Trades at 6.81% Off
----------------------------------------
Participations in a syndicated loan under which JC Penney Corp is a
borrower traded in the secondary market at 93.19
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 0.56 percentage points
from the previous week. JC Penney Corp pays 425 basis points above
LIBOR to borrow under the $1.688 billion facility. The bank loan
matures on June 23, 2023 and Moody's Ba2 rating and Standard &
Poor's BB- rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended December 22.


KRK CP LLC: Wants Authority to Use TransPecos Cash Collateral
-------------------------------------------------------------
KRK CP, LLC seeks authority from the U.S. Bankruptcy Court for the
Western District of Texas to use cash collateral to pay expenses of
its business operations and this Chapter 11 case.

In the course of its business as the lessee of the Property and the
operator of the school, the Debtor incurs expenses for goods and
services on a periodic basis, pays for services such as salaries
for teachers and other employees, food for students, electricity,
gas, water, repairs and maintenance of the buildings, grounds and
parking lot, insurance, vehicle operating expenses, and accrues
property and other taxes.  As the lessee of the Property, it also
pays for hazard and commercial liability insurance on the Property
and its personal property. In addition, the Debtor has expenses of
this case that it must pay -- specifically, U.S. Trustee fees and
its professionals' fees.

The Debtor intends to use the cash collateral of TransPecos Banks,
which holds a deed of trust first lien and an assignment of leases
and rents in certain commercial real estate, a preschool situated
on approximately 5 acres located at 1301 N. Lakeline Blvd., Cedar
Park, TX 78613 which is owned by Trimur Partners, Inc. (the Debtor
in Case No. 18-10001 pending before the Court). The Debtor's
interest in the Property is a leasehold interest. TransPecos holds
an Assignment of Leases on the Property.

The Property secures Trans Pecos' first lien debt of approximately
$3.3 million. TransPecos also holds a security interest in certain
personal property of the Debtor, including furniture, fixtures,
equipment and accounts. TransPecos claims an interest in the
revenues derived from the operations on the Property on which it
claims a lien.

A full-text copy of the Debtor's Motion is available at:

             http://bankrupt.com/misc/txwb18-10002-4.pdf

                         About KRK CP, LLC

Cedar Park, Texas-based Kids R Kids Cedar Park --
https://www.krkcedarpark.com/ -- offers full time care for children
from six-weeks to five years including an accredited academic
curriculum and enrichment programs.  The company provides before
and after school care for children from kindergarten through 5th
grade.  It also offers full day summer camps for school age
children.  

Trimur Partners, Inc., KRK CP's landlord, is an Austin, Texas-based
company that is engaged in the real estate leasing business.

Trimur Partners, Inc. and KRK CP, LLC, d/b/a Kids R Kids Cedar
Park, filed separate Chapter 11 petitions (Bankr. W.D. Tex. Case
Nos. 18-10001 and 18-10002, respectively) on Jan. 1, 2018.  Patrick
W. Murphey, president, signed the petitions.

At the time of filing, the Trimur Partners disclosed $3,800,000 in
assets and $3,780,000 in liabilities; and KRK CP, LLC estimated
$100,000 to $500,000 in assets and $1 million to $10 million in
liabilities.

Frank B. Lyon, Esq., of Frank B. Lyon - Attorney At Law, serves as
the Debtors' counsel.


LAGO RESORT: Moody's Lowers CFR to Caa2; Outlook Negative
---------------------------------------------------------
Moody's Investor Services downgraded Lago Resort and Casino, LLC's
(Lago) Corporate Family Rating to Caa2 from B3 while the company's
Probability of Default Rating was lowered to Caa2-PD from B3-PD. At
the same time, Lago's 1st lien revolver and term loan were
downgraded to Caa1 from B2, and its 2nd lien term loan was
downgraded to Caa3 from Caa2. The rating outlook is negative.

"Despite the fact that del Lago Resort Casino opened on time and on
budget and has substantially grown total gaming revenues generated
in its primary market area, the property's revenue ramp-up is well
below Moody's expectations," stated Keith Foley, a Senior Vice
President at Moody's.

At the time of the initial rating, Moody's expected that del Lago
would ramp up to about $250 million of net revenue in its first
full year of operations. The casino, which opened about 9 months
ago, has consistently reported gross gaming revenue of about $12.5
million per month. At this rate, del Lago's gross gaming revenue
will only hit about $150 million; less than that on a net revenue
basis once promotional allowances are considered. Additionally, the
company's debt/EBITDA will be well above Moody's stated 6.0 times
debt/EBITDA downgrade trigger. While liquidity is weak, Moody's
estimates del Lago can cover interest expense at its current
operating levels.

"Given del Lago's current performance, Moody's is of the view that
without a substantial improvement in revenue, del Lago will not be
able to achieve a level of performance that can support its
existing debt capital structure," added Foley.

Lago owns and operates del Lago Resort Casino, a $440 million
resort and casino development located in Tyre, NY, between the
cities of Rochester and Syracuse and about 50 miles from each. Lago
is a joint venture between Wilmot Gaming, LLC and PGP Investors,
LLC and is managed by JNB Gaming, LLC.

Downgrades:

Issuer: Lago Resort & Casino, LLC

-- Probability of Default Rating, Downgraded to Caa2-PD from B3-
    PD

-- Corporate Family Rating, Downgraded to Caa2 from B3

-- Senior Secured First Lien Bank Credit Facility, Downgraded to
    Caa1(LGD3) from B2(LGD3)

-- Senior Secured Second Lien Bank Credit Facility, Downgraded to

    Caa3(LGD5) from Caa2(LGD5)

Outlook Actions:

Issuer: Lago Resort & Casino, LLC

-- Outlook, Changed To Negative From Stable

RATINGS RATIONALE

Key credit challenges include Lago's slower than expected ramp up,
single asset profile, and the highly competitive nature of the
market which it operates that may impede the company's ability to
support its capital structure. There are five gambling facilities,
including four racinos and one Native American full scale casino
within 100 miles of del Lago's location.

Positive rating consideration is given to del Lago's position as
the only full scale casino accessible by the populous cities of
Rochester and Syracuse, its ability to offer live table games which
are not available at nearby racinos, and its favorable tax rate.
The closest full scale casino to del Lago is the Oneida Indian
Nation's Turning Stone Resort Casino (unrated) located in Verona,
New York -- about 75 miles east of del Lago. However, while located
further away from del Lago than Turning Stone, Moody's consider the
Oneida Nation casino to be a direct competitor to Lago in that it
markets aggressvely to customers in Rochester. Both the Oneida and
Seneca tribes also have a more favorable tax regime than del Lago
and the racinos.

The negative rating outlook considers Moody's expectation that,
despite the likelihood that Lago's will cover its cash interest
obligations and remain in compliance with its financial covenants
during the next 12 months, albeit both marginally, without a
substantial improvement in the rate and degree of ramp-up and/or an
additional equity investment by the owners, Lago will not be able
to achieve a level of performance that can support its existing
debt capital structure.

Lagos rating could be lowered if it appears there will be a debt
restructuring that involves impairment to existing lenders. A
higher rating requires a high degree of confidence on Moody's part
that Lago will be able to maintain its current debt structure
through enough of an improvement in its financial performance
and/or an equity investment.

The principal methodology used in these ratings was Gaming Industry
published in December 2017.


LEGACY RESERVES: Baines Creek Capital Has 10.7% Stake as of Dec. 29
-------------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of Legacy Reserves, LP common stock as of Dec. 29, 2017:

                                      Shares     Percentage
                                   Beneficially      of
  Name                                Owned        Shares
  ----                             ------------  ----------
Baines Creek Partners, L.P. (BCP)   4,302,493       5.91%

Baines Creek Special Purpose        3,045,694       4.18%
Partners, L.P. (BCSPP)

Kevin Tracy (KT)                        4,035       0.01%

Jeremy Carter (JC)                    115,311       0.16%

James Schumacher (JS)                   3,481       0.00%

Brian Williams (BW)                   350,140       0.48%

Baines Creek Capital, LLC (BCC)     7,821,154      10.74%

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

                     https://is.gd/Q0nxTd

                    About Legacy Reserves LP

Legacy Reserves LP -- http://www.LegacyLP.com/-- is a master
limited partnership headquartered in Midland, Texas, focused on the
acquisition and development of oil and natural gas properties
primarily located in the Permian Basin, East Texas, Rocky Mountain
and Mid-Continent regions of the United States.

Legacy Reserves LP reported a net loss attributable to unitholders
of $74.82 million for the year ended Dec. 31, 2016, compared to a
net loss attributable to unitholders of $720.54 million for the
year ended Dec. 31, 2015.  As of Sept. 30, 2017, Legacy Reserves
had $1.48 billion in total assets, $1.73 billion in total
liabilities and a $247.2 million total partners' deficit.

                         *     *     *

In September 2016, S&P Global Ratings said that it lowered its
corporate credit rating on Legacy Reserves to 'CCC' from 'B-'.  The
rating outlook is negative.  The downgrade reflects S&P's
expectation that the borrowing base on Legacy's revolving credit
facility could be lowered substantially at its re-determination in
October.

In March 2017, Moody's Investors Service upgraded Legacy Reserves
LP's Corporate Family Rating to 'Caa2' from 'Caa3'.  "Legacy's
upgrade to Caa2 reflects Moody's expectations of improved cash flow
and credit metrics in 2017 as a result of debt reduction and higher
commodity prices underpinned by good hedges in 2017 and 2018," said
RJ Cruz, Moody's vice president.  "The upgrade also reflects
improved liquidity and the benefits of the amended joint
development agreement with TPG."


LIBERTY CABLEVISION: Bank Debt Trades at 3.08% Off
--------------------------------------------------
Participations in a syndicated loan under which Liberty Cablevision
of Puerto Rico is a borrower traded in the secondary market at
96.92 cents-on-the-dollar during the week ended Friday, December
22, 2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 0.59 percentage points from
the previous week. Liberty Cablevision of Puerto Rico pays 350
basis points above LIBOR to borrow under the $530 million facility.
The bank loan matures on Dec. 25, 2021 and Moody's B2 rating and
Standard & Poor's B rating.  The loan is one of the biggest gainers
and losers among 247 widely quoted syndicated loans with five or
more bids in secondary trading for the week ended December 22.


LIFE SETTLEMENTS: May Use Cash Collateral Through Feb. 5
--------------------------------------------------------
The Hon. Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware has entered an interim order authorizing Life
Settlements Absolute Return I, LLC and Senior LS Holdings, LLC, to
use cash collateral until the earlier of the final hearing date or
the date that is 31 calendar days from the date of the interim
order.

The hearing will be held on Feb. 5, 2018 at 10:30 a.m. during which
time the Court will consider entry of an order authorizing the
Debtor's use of cash collateral on a final basis.  Any objections
to entry of such order must be filed and served no later than Jan.
29, 2018.

The Debtors are authorized to use cash collateral to make Policy
Payments to Insurers on an uninterrupted basis, in connection with
prepetition or postpetition services rendered, and to pay other
amounts to the extent specified in the Budget. However, the
aggregate amount of such payments made during the interim period
will not exceed $60,000.

In consideration for the use of the cash collateral, the Debtors
will provide the Government Employees' Retirement System of the
Virgin Islands ("GERS") to the extent there is a diminution in
value of interests of GERS in the cash collateral. GERS is granted
replacement security interest and lien in the assets of the Debtors
to the same extent and priority granted to GERS pursuant to the
Credit Documents.

On a regular monthly basis during these Chapter 11 cases, the
Debtor will pay or reimburse in cash GERS for reasonable and
documented fees and any and all reasonable and documented
out-of-pocket costs, expenses, and charges payable under the
Amended and Restated Loan Agreement, the Indenture or any related
credit or security agreements.

A full-text copy of the Interim Order is available at:

           http://bankrupt.com/misc/deb17-13030-27.pdf

                About Life Settlements Absolute Return

Life Settlements Absolute Return I, LLC and Senior LS Holdings, LLC
are privately held companies that purchase life insurance policies
from policy holders.  Their principal assets are located at 6th and
Marquette Minneapolis, MN 55479. The Attilanus Fund I, L.P. owns
100% equity interest in Life Settlements Absolute.

Affiliates, Life Settlements Absolute Return I, LLC and Senior LS
Holdings, LLC filed separate Chapter 11 petitions (Court + Case
Nos. 17-13030 and 17-13031, respectively) on Dec. 29, 2017.  Robert
J. Davey, III, secretary/treasurer, signed the petitions.  

At the time of filing, Life Settlements estimated $10 million to
$50 million in assets and $100 million $500 million in liabilities;
and Senior LS estimated $10 million to $50 million in assets and
under $50,000 in liabilities.

The cases are assigned to Judge Mary F. Walrath.

Bayard, P.A., serves as the Debtors' local counsel; Nelson Mullins
Riley & Scarborough LLP, is general bankruptcy counsel; and Elliott
Davis, LLC, is the accountant.


M SYLVESTER GONZALES: May Use Cash Collateral Until March 31
------------------------------------------------------------
Judge H. Christopher Mott of the U.S. Bankruptcy Court for the
Western District of Texas authorized M. Sylvester Gonzales DDS PA
to use cash collateral to pay ordinary and operating expenses set
forth in the budget for the period of January 1, 2018 through and
including March 31, 2018 on an interim basis.

The budget provides total expenses of approximately $49,416 for the
month of January 2018, $48,654 for month of February 2018 and
$46,640 for March 2018.

The Debtor asserts that a critical need exists for the Debtor to
obtain and use cash in order to continue the operation of its
business. Without such funds, the Debtor asserts that it will not
be able to pay post-petition direct operating expenses and obtain
goods and services needed to carry on its business in a manner that
will avoid irreparable harm to the Debtor's estate.

Under a certain Credit Agreement, the Debtor owed Bank of America
past due and outstanding balance of approximately $410,125, as of
the Petition Date.  

Bank of America is granted, effective as of the Petition Date, a
valid, binding, enforceable and automatically perfected lien
co-extensive with Bank of America's prepetition liens, in all
currently owned or hereafter acquired property and assets of the
Debtor. The replacement lien will have the same validity,
enforceability, and priority as Bank of America's prepetition liens
and security interests.

In addition, the Debtor is required to pay Bank of America $3,000
per month for three months, beginning from and after the Petition
Date on account of the Credit Agreement. The first such payment is
due by January 20, 2018.

To the extent that all other adequate protection provided by the
Interim Order fails, Bank of America will be granted an allowed
super-priority administrative claim under Section 507(b) of the
Bankruptcy Code, with priority in payment over any and all
administrative expenses.

A full-text copy of the Interim Order is available at:

                http://bankrupt.com/misc/txwb17-11499-29.pdf

M. Sylvester Gonzales DDS PA is represented by:

            Eric A. Liepins, Esq.
            Eric A. Liepins, P.C.
            12770 Coit Road, Suite 1100
            Dallas, Texas 75251
            Telephone: (792) 991-5591
            Facsimile: (792) 972-5788
            E-mail: eric@ealpc.com

Bank of America, N.A., is represented by:

            Richard E. Hettinger, Esq.
            601 NW Loop 410, Suite 100
            San Antonio, Texas 78216
            Telephone: (210) 349-6484
            Facsimile: (210) 349-0041
            E-mail: rhettinger@dtrglaw.com

                   About M. Sylvester Gonzales

M. Sylvester Gonzales DDS PA filed a Chapter 11 petition (Bankr.
W.D. Tex. Case No. 16-11499) on Dec. 2, 2017.  M Sylvester
Gonzales, owner, signed the petition.  At the time of filing, the
Debtor had at least $50,000 in estimated assets and $500,000 to $1
million in estimated liabilities.  Judge H. Christopher Mott is the
case judge.  The Debtor is represented by Eric A. Liepins, Esq. of
Eric A. Liepins, P.C.


MURRAY ENERGY: Bank Debt Trades at 11.92% Off
---------------------------------------------
Participations in a syndicated loan under which Murray Energy is a
borrower traded in the secondary market at 88.08
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 0.92 percentage points from
the previous week. Murray Energy pays 650 basis points above LIBOR
to borrow under the $1.700 billion facility. The bank loan matures
on April 10, 2020 and Moody's B2 rating and Standard & Poor's B-
rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended December 22.


NEOVASC INC: Says Tiara's Clinical Case Load Accelerating
---------------------------------------------------------
Neovasc Inc. provided an update on its clinical program for the
Tiara valve, a self-expanding mitral bioprosthesis for
transcatheter implantation in patients with Mitral Regurgitation,
one of the most prevalent valvular heart diseases in western
countries.  MR is often severe and can lead to heart failure and
death.

In total, 47 patients have now been implanted with Tiara, 12 of
which are enrolled in the Company's CE Mark trial, TIARA-II.  Of
note, 10 patients have been treated in the last two months,
including 4 already in 2018.  Fuelling the higher rate of
procedures are the additional centres recently activated across
Europe.  This momentum is expected to continue as the Company
expands both the number of centres and its clinical support teams.

Procedures are reported to be straightforward, with usual
implantation times of approximately 20 minutes.  Technical success
rates are very high, and typically result in the complete
resolution of the patient's MR; paravalvular leak levels are
reported as absent, trace, or mild, in 100% of these cases.  All
cause 30-day mortality in the 42 patients who have reached 30 days
post implant with Tiara is 9.5% (4/42).

"For those of us who have been close to Tiara's development since
its inception, what is so encouraging is both the quality of the
data and now the quantity of cases strongly suggest what we have
long believed.  Namely, that Tiara has the very real potential to
be a best-in-class therapeutic treatment for millions of patients
suffering with severe MR," commented Neovasc CEO, Alexei Marko.
"Throughout 2018, our primary focus will be the TIARA-II trial, as
we aggressively drive this medical device towards CE Mark."

                        About Tiara

Tiara is a self-expanding mitral bioprosthesis specifically
designed to treat mitral valve regurgitation (MR) by replacing the
diseased valve.  Conventional surgical treatments are only
appropriate for about half of MR patients, who number an estimated
four million in the U.S. with a similar number of patients affected
throughout Europe.  Tiara is implanted in the heart using a
minimally invasive, transapical transcatheter approach without the
need for open-heart surgery or use of a cardiac bypass machine.

                     About Neovasc Inc.

Based in Richmond, British Columbia, Neovasc Inc. --
http://www.neovasc.com/-- is a specialty medical device company
that develops, manufactures and markets products for the rapidly
growing cardiovascular marketplace.  Its products include the
Neovasc Reducer, for the treatment of refractory angina, which is
not currently available in the United States and has been available
in Europe since 2015 and the Tiara, for the transcatheter treatment
of mitral valve disease, which is currently under investigation in
the United States, Canada and Europe.  The Company also sells a
line of advanced biological tissue products that are used as key
components in third-party medical products including transcatheter
heart valves.

Neovasc reported a loss of US$86.49 million for the year ended Dec.
31, 2016, following a loss of US$26.73 million for the year ended
Dec. 31, 2015.  As of Sept. 30, 2017, Neovasc had US$81.75 million
in total assets, US$114.73 million in total liabilities and a total
deficit of US$32.98 million.

Grant Thornton LLP, in Vancouver, Canada, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, emphasizing that the Company was named in a
litigation and that the court awarded $112 million in damages
against it.  This condition, along with other matters, indicate the
existence of a material uncertainty that may cast significant doubt
about the Company's ability to continue as a going concern, the
auditors said.


NET ELEMENT: Esousa Holdings Has 9.99% Stake as of Dec. 29
----------------------------------------------------------
Esousa Holdings LLC disclosed in a Schedule 13G filed with the
Securities and Exchange Commission that as of Dec. 29, 2017, it
beneficially owns 350,553 shares of common stock, 404,676 shares of
common stock issuable upon exercise of the Purchase Warrants, and
323,907 shares of common stock issuable upon exercise of the
Pre-Funded Warrants representing 9.99 percent of the shares
outstanding.  The percentage is based on 3,509,048 shares of Common
Stock issued and outstanding as of Dec. 29, 2017, and assumes the
exercise of the purchased warrants and pre-funded warrants subject
to the Blockers.  Pursuant to the terms of the Warrants, the
Reporting Person cannot exercise the Warrants to the extent the
Reporting Persons would beneficially own, after any such exercise,
more than 9.99% of the outstanding shares of Common Stock, and the
percentage gives effect to the Blockers. Consequently, as of Dec.
29, 2017, the Reporting Person was not able to exercise all of the
Warrants due to the Blockers.

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

                       https://is.gd/FwIIyz

                         About Net Element

North Miami, Florida-based Net Element, Inc. (NASDAQ:NETE) --
http://www.netelement.com/-- operates a payments-as-a-service
transactional and value-added services platform for small to medium
enterprise in the US and selected emerging markets.  In the U.S. it
aims to grow transactional revenue by innovating SME productivity
services such as its cloud based, restaurant and retail
point-of-sale solution Aptito.  Internationally, Net Element's
strategy is to leverage its omni-channel platform to deliver
flexible offerings to emerging markets with diverse banking,
regulatory and demographic conditions such as UAE, Kazakhstan,
Kyrgyzstan and Azerbaijan where initiatives have been recently
launched.  Net Element was named in 2016 by South Florida Business
Journal as one of the fastest growing technology companies.

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 Sept. 30, 2017, Net
Element had $20.43 million in total assets, $18.45 million in total
liabilities and $1.98 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: Has Resale Prospectus of 1.1 Million Common Shares
---------------------------------------------------------------
Net Element, Inc., has filed a Form S-3 registration statement with
the Securities and Exchange Commission relating to the sale of up
to 1,079,136 shares of common stock of the Company by Esousa
Holdings LLC.

Those shares include (i) 350,553 shares of common stock of the
Company issued on Dec. 29, 2017, (ii) 404,676 shares of common
stock of the Company issuable upon the valid exercise of five-year
warrants at an exercise price of $11.12 per share, and (iii)
323,907 shares of common stock of the Company issuable on the valid
exercise of five-year pre-paid warrants at an exercise price of
$0.01 per share.

The prices at which the selling stockholder may sell the Shares
will be determined by the prevailing market price for the Shares or
in negotiated transactions or through other means described in the
section entitled "Plan of Distribution" or a supplement to this
prospectus.  The selling stockholder may also sell the shares under
Rule 144 under the Securities Act of 1933, as amended, if
available, rather than under this prospectus.  The Company will not
receive proceeds from the sale of the Shares by the selling
stockholder.  However, the Company may receive proceeds from the
exercise of the five-year warrants at an exercise price of $11.12
per share and the five-year pre-paid warrants at an exercise price
of $0.01 per share held by the selling stockholder when exercised,
which, if exercised in cash at the current applicable exercise
price with respect to all of the Warrants, would result in gross
proceeds to the Company of $4,503,236.  The Company will pay the
expenses of registering the Shares, but all selling and other
expenses incurred by the selling stockholder will be paid by the
selling stockholder.

The Company's common stock is listed on the Nasdaq Capital Market
under the ticker symbol "NETE."  On Jan. 5, 2018, the last reported
sale price per share of its common stock was $11.72 per share.

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

                    https://is.gd/SsQWb7

                      About Net Element

North Miami, Florida-based Net Element, Inc. (NASDAQ:NETE) --
http://www.netelement.com/-- operates a payments-as-a-service
transactional and value-added services platform for small to medium
enterprise in the US and selected emerging markets.  In the U.S. it
aims to grow transactional revenue by innovating SME productivity
services such as its cloud based, restaurant and retail
point-of-sale solution Aptito.  Internationally, Net Element's
strategy is to leverage its omni-channel platform to deliver
flexible offerings to emerging markets with diverse banking,
regulatory and demographic conditions such as UAE, Kazakhstan,
Kyrgyzstan and Azerbaijan where initiatives have been recently
launched.  Net Element was named in 2016 by South Florida Business
Journal as one of the fastest growing technology companies.

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 Sept. 30, 2017, Net
Element had $20.43 million in total assets, $18.45 million in total
liabilities and $1.98 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: Oleg Firer Reports 10.8% Stake as of Jan. 8
--------------------------------------------------------
Star Equities LLC disclosed to the Securities and Exchange
Commission that it is the beneficial owner of 124,455 restricted
shares of common stock of Net Element, Inc. consisting of (1)
28,572 restricted shares of Common Stock issued on Nov. 23, 2015 to
Star Equities pursuant to the Investment Agreement, (2) 28,572
restricted shares of Common Stock issuable upon exercise of the
Amended Option, and (3) 67,312 restricted shares of Common Stock
issued to Star Equities pursuant to the conversion of that certain
promissory note dated March 1, 2017 by the Company to Star Equities
LLC of the entire outstanding amount of $374,253 (including the
principal amount of $348,083 and accrued and unpaid interest), for
a purchase price of $5.56 per share, representing approximately
3.68% of the outstanding shares of Common Stock, based on 3,355,887
shares of Common Stock issued and outstanding as of Dec. 29, 2017,
as disclosed in the Form 8-K filed by the Issuer with the SEC on
Dec. 29, 2017.

As of Jan. 8, 2018, Oleg Firer is deemed to have beneficial
ownership of 368,318 shares of Common Stock consisting of (1)
243,863 restricted shares of Common Stock held directly by Mr.
Firer, and (2) as the sole member of Star Equities, Mr. Firer can
be deemed to beneficially own the above-described restricted shares
of Common Stock beneficially owned by Star Equities (which equals
to 124,455 shares as of Jan. 8, 2018, and those shares collectively
represent approximately 10.88% of the outstanding shares of Common
Stock.  Mr. Firer has sole voting power and sole dispositive power
with respect to 243,863 restricted shares of Common Stock and
shared voting power and shared dispositive power with respect to
the shares beneficially owned by Star Equities.

On Dec. 28, 2017, 67,500 shares of Common Stock of the Company were
awarded to Mr. Firer pursuant to the Company's 2013 Equity
Incentive Plan, as amended.  100% of those shares vested
immediately as of the date of grant to Mr. Firer.

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

                    https://is.gd/igb4UH

                      About Net Element

North Miami, Florida-based Net Element, Inc. (NASDAQ:NETE) --
http://www.netelement.com/-- operates a payments-as-a-service
transactional and value-added services platform for small to medium
enterprise in the US and selected emerging markets.  In the U.S. it
aims to grow transactional revenue by innovating SME productivity
services such as its cloud based, restaurant and retail
point-of-sale solution Aptito.  Internationally, Net Element's
strategy is to leverage its omni-channel platform to deliver
flexible offerings to emerging markets with diverse banking,
regulatory and demographic conditions such as UAE, Kazakhstan,
Kyrgyzstan and Azerbaijan where initiatives have been recently
launched.  Net Element was named in 2016 by South Florida Business
Journal as one of the fastest growing technology companies.

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 Sept. 30, 2017, Net
Element had $20.43 million in total assets, $18.45 million in total
liabilities and $1.98 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.


OFFSHORE SPECIALTY: May Obtain DIP Financing From Schumann/Steier
-----------------------------------------------------------------
The Hon. Marvin Isgur of the U.S. Bankruptcy Court for the Southern
District of Texas has granted Offshore Specialty Fabricators, LLC,
permission to obtain secured postpetition financing from
Schumann/Steier Holdings, LLC.

As reported by the Troubled Company Reporter on Oct. 27, 2017, the
Debtor sought court authorization to access a secured $3 million
DIP financing facility it has obtained from the DIP Lender, of
which $300,000 has been wired to Diamond McCarthy LLP's trust fund
account, held in escrow, pending a court ruling.  The DIP Facility
will comprise a commitment for up to $3 million which will be
funded through an interim draw and a final draw.  

A copy of the court order is available at:

          http://bankrupt.com/misc/txsb17-35623-317.pdf

              About Offshore Specialty Fabricators

Offshore Specialty Fabricators, LLC -- http://www.osf-llc.com--
provides decommissioning project management utilizing its heavy
lift derrick barges for the installation and removal of oil and gas
facilities in the Gulf of Mexico.  Its facility is located at 115
Menard Rd. in Houma, Louisiana.

Offshore Specialty has been providing offshore construction
solutions to the international and domestic oil and gas industry
for more than 20 years.

Offshore Specialty sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 17-35623) on Oct. 1,
2017.  Tammy Naron, its chief executive officer, signed the
petition.

The Debtor hires Diamond McCarthy LLP as counsel, and Koch &
Schmidt Law Firm, as special counsel.

At the time of the filing, the Debtor estimated assets of $50
million to $100 million and estimated liabilities of $10 million to
$50 million.

Judge Marvin Isgur presides over the case.

On Oct. 25, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


OMINTO INC: Gets Nasdaq Noncompliance Notice Over Filing Delays
---------------------------------------------------------------
Ominto, Inc. received on Jan. 3, 2018 a letter from Nasdaq
indicating that the Company is not in compliance with Nasdaq's
continued listing requirements under the timely filing criteria
outlined in Listing Rule 5250(c)(1).  Due to the delay in filing
its quarterly report on Form 10-Q for the quarter ended June 30,
2017, the Company is still in the process of completing the audit
of its financial statements, and consequentially has not filed its
annual report on Form 10-K for the fiscal year ended Sept. 30, 2017
with the U.S. Securities and Exchange Commission.

The letter states that the Company must submit a plan no later than
March 5, 2018, setting forth the actions it will take to regain
compliance with the Listing Rules for continued listing.  If Nasdaq
accepts such plan, the Company may be granted an exception of up to
180 calendar days from the date the Form 10-K was due, or until
June 27, 2018, to regain compliance.  The Company intends to submit
a plan to Nasdaq as soon as practicable, but in no event later than
March 5, 2018.  The letter from Nasdaq has no immediate effect on
the listing of the Company's common stock on the Nasdaq Capital
Market.

                        About Ominto, Inc.

Based in Boca Raton, Florida, Ominto, Inc. --
http://inc.ominto.com/-- is a global e-commerce company and
pioneer of online Cash Back shopping, delivering value-based
shopping and travel deals through its primary shopping platform and
affiliated Partner Program websites.  At DubLi.com or at Partner
sites powered by Ominto.com, consumers shop at their favorite
stores, save with the best coupons and deals, and earn Cash Back
with each purchase.  The Ominto.com platform features thousands of
brand name stores and industry-leading travel companies from around
the world, providing Cash Back savings to consumers in more than
120 countries.  Ominto's Partner Programs offer a white label
version of the Ominto.com shopping and travel platform to
businesses and non-profits, providing them with a professional,
reliable web presence that builds brand loyalty with their members,
customers or constituents while earning commission for the
organization and Cash Back for shoppers on each transaction.

Ominto reported a net loss of $10.30 million for the year ended
Sept. 30, 2016, and a net loss of $11.69 million for the year ended
Sept. 30, 2015.  As of June 30, 2017, Ominto had $58.38 million in
total assets, $43.39 million in total liabilities and $14.99
million in total equity.


PHASERX INC: Sale Bid Procedures OKed, Jan. 24 Auction Set
----------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
PhaseRx's motion for entry of (i) an order approving bidding
procedures in connection with the sale of substantially all of the
Debtor's assets, scheduling an auction and sale hearing and (ii) an
order approving the asset purchase agreement between the Debtor and
the successful bidder and authorizing the sale of substantially all
of the Debtor's assets free and clear of liens, claims,
encumbrances and interests. As previously reported, "The Debtor and
its professionals will market the Assets prior to the Auction, in
the manner set forth in the Bidding Procedures Order. During this
marketing process, the Debtor reserves the right, subject to
consultation with Hercules, to enter into a Stalking Horse
agreement (the 'Stalking Horse Agreement') with a bidder if the
Debtor believes that such an agreement will further the purposes of
the Auction by, among other things, enticing value-maximizing bids.
Accordingly, the Debtor requests authority, in the exercise of its
reasonable business judgment and after consultation with Hercules,
to offer a Stalking Horse bidder (the 'Stalking Horse Bidder') any
or all of the following as part of a Stalking Horse Agreement: (a)
a break-up fee (the 'Break-Up Fee') in an amount to be determined
by the Debtor, not to exceed 3 percent of the total purchase price
offered by the Stalking Horse Bidder in the Stalking Horse
Agreement; (b) reimbursement of the Stalking Horse Bidder's
reasonable and actual fees and expenses incurred as the Stalking
Horse Bidder up to $250,000 (the 'Expense Reimbursement'); (c)
initial overbid protection in the amount of $100,000 (the 'Initial
Overbid' and, together with the Break-Up Fee and the Expense
Reimbursement, the 'Bid Protections')."

According to the report, the order approves the following general
timeline: January 22, 2018 deadline to submit qualified competing
bids; January 24, 2018 auction, if necessary, and January 26, 2018
transaction hearing.

                       About PhaseRx, Inc.

Based in Seattle, Washington, PhaseRx -- http://phaserx.com--
operates as a biopharmaceutical company that develops a portfolio
of mRNA products to correct inherited, life-threatening liver
diseases in children.  The company was founded by Robert W.
Overell, Ph.D. in 2006.

PhaseRx filed a Chapter 11 petition (Bankr. D. Del. Case No.
17-12890) on December 11, 2017. The petition was signed by Robert
W. Overell, Ph.D., president and CEO.  As of Sept. 30, 2017, the
Debtor disclosed $4.10 million in assets and $5.60 million in
liabilities.

Judge Christopher S. Sontchi presides over the case.

Christopher A. Ward, Esq. and Shanti M. Katona, Esq., at Polsinelli
PC, serve as counsel to the Debtor.  Cowen and Company, LLC is the
Debtor's investment banker. Donlin, Recano & Company, Inc. stands
as the Debtor's claims and noticing
agent.


PREMIER MARINE: Seeks Authority to Access Cash Collateral
---------------------------------------------------------
Premier Marine, Inc. seeks authority from the U.S. Bankruptcy Court
for the District of Minnesota to use of cash collateral for the
purposes and in the approximate amounts set forth in the budget.

The Court will hold a hearing on the Debtor's Motion for use of
cash collateral will be held on Jan. 19, 2018 at 2:00 p.m.  Any
response to this motion must be filed and served not later than
Jan. 14, 2018.

The Debtor is indebted to American Bank of the North in the
approximate total principal amount of $6,521,648, as of the
Petition Date, which is secured by a duly perfected first priority
lien in substantially all assets of the Debtor, including
inventory, accounts, equipment and general intangibles. The Debtor
believes that American Bank is over secured.

As of the Petition Date, the Debtor is indebted to Trusek, LLC, in
the approximate amount of $500,000, secured by a duly perfected
lien in substantially all assets of the Debtor, including
inventory, accounts, equipment and general intangibles. The Trusek
Debt is junior in priority to the lien of American Bank.

As of the date of the Motion, American Bank and Trusek have not
consented to the use of cash collateral.

As adequate protection for American Bank, the Debtor proposes to
grant (i) replacement liens in American Bank's respective
collateral; and (ii) to make monthly cash payments of interest at
the contract rate under the prepetition ABN loan each in the amount
of $29,681.

As adequate protection for Trusek, the Debtor proposes to grant (i)
replacement liens in Trusek’s respective collateral; and (ii) to
make monthly cash payments of interest at the contract rate under
the prepetition Trusek loan each in the amount of $5,000.

With the continued use of cash collateral the Debtor will operate
in the ordinary course through the earlier of the effective date of
a confirmed plan of reorganization or March 17, 2018.

Pending confirmation of a plan of reorganization, the Debtor has a
need to use cash collateral through the earlier of the effective
date of a confirmed plan of reorganization or March 17, 2018 to pay
operating expenses in the amounts identified in the Budget.  If the
Debtor is not permitted to use cash collateral in the amounts and
for the purposes set forth in the Budget from February 3, 2018
through March 17, 2018 the Debtor cannot continue to operate and
will suffer immediate and irreparable harm.

A full-text copy of the Debtor's Motion is available at:

              http://bankrupt.com/misc/mnb17-32006-200.pdf

                      About Premier Marine

For 25 years, Premier Marine, Inc., has manufactured "Premier"
brand pontoon boats -- http://www.pontoons.com/-- in Wyoming,
Minnesota.  Premier Marine designs, builds and markets luxury
pontoons and holds many patents on manufacturing elements such as
furniture hinges, J-Clip rail fasteners and the PTX performance
package.  The family-owned and operated Company sells its pontoons
through boat dealers located throughout the United States and
Canada.

Premier Marine is a family owned business formed in 1992 by Robert
Menne and Eugene Hallberg.  The Menne family controls 72.8% of the
company equity.  Hallberg controls the remaining 27.2% and is
Premier's landlord.

Premier Marine, Inc., filed a Chapter 11 petition (Bankr. D. Minn.
Case No. 17-32006) on June 19, 2017.  

The need for reorganization in chapter 11 was precipitated by a
failed acquisition of another pontoon manufacturer in 2011.  The
Chapter 11 was filed in response to an eviction action commenced by
Hallberg for the nonpayment of rent.  The Chapter 11 is necessary
to attract a new equity partner, reject the Hallberg leases,
consolidate manufacturing under a single roof and reorganize the
business for the mutual benefit of the Debtor creditors, employees
and dealer network.

The bankruptcy petition was signed by Lori J. Melbostad, the
Debtor's president.  

The Debtor estimated assets and liabilities between $10 million and
$50 million.

The case is assigned to Judge Katherine A. Constantine.  

The Debtor's counsel are Michael F. McGrath, Esq., and Will R.
Tansey, Esq., at Ravich Meyer Kirkman McGrath Nauman & Tansey, A
Professional Association.  Guidesource's Richard Gallagher is the
Debtor's financial consultant.

On June 27, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Fafinski, Mark &
Johnson, P.A., represents the committee as bankruptcy counsel.


REAL INDUSTRY: Seeks Court's Nod on Employee Bonus Programs
-----------------------------------------------------------
BankruptcyData.com reported that Real Industry filed with the U.S.
Bankruptcy Court a motion to approve the Real Alloy Debtors' (i)
key employee incentive plan (KEIP) and (ii) key employee retention
plan (KERP). The KEIP motion explains, "The Real Alloy Debtors have
therefore developed two plans - the KEIP and the KERP - that are
narrowly tailored and designed to maximize the value of the Real
Alloy Debtors' estates through the conclusion of the Sale Process.
Specifically, the KEIP is an incentive plan designed for eight (8)
executives that will be based on three independent performance
metrics: (i) the value of the assets sold in the Asset Sale, (ii)
achieving targets related to the Real Alloy Debtors' net cash flow,
and (iii) meeting certain EBITDA targets. The KERP, by contrast, is
a plan for approximately 275-300 non-insider employees that will be
paid upon the consummation of the Asset Sale, regardless of
performance targets. The KEIP provides incentive payments to eight
(8) key executives of the Real Alloy Debtors (collectively, the
'KEIP Participants'), with a maximum base of $1.3 million if 100%
of the targets are achieved (and a potential maximum payout of
$1.733 million if targets exceed 100%). Absent the KEIP, the KEIP
Participants will otherwise not receive a bonus during the period
the KEIP is in place." The KERP motion explains, "The KERP provides
retention payments to 275–300 non-insider employees
(collectively, the 'KERP Participants') in an aggregate amount of
up to $1.3 million. The KERP Participants include employees from
various functions, including, but not limited to, sales, human
resources, accounting and finance, procurement, legal and
operations functions. Payments under the KERP, which comprise 3% to
20% of each KERP Participants' annual base salary, are important
for employee morale and general retention." The Court scheduled a
Jan. 17, 2018 hearing to consider the KEIP/KERP motions, with
objections due by January 10, 2018.

                    About Real Industry Inc.

Real Industry, Inc. -- http://www.realindustryinc.com/-- is a
Delaware holding company that operates through its subsidiaries.
Its current business focus is supporting the performance of Real
Alloy, an aluminum recycling company and its single largest
operating business, and to make acquisitions of additional
operating companies.  The company regularly considers acquisitions
of businesses that operate in undervalued industries, as well as
businesses that it believes are in transition or are otherwise
misunderstood by the marketplace. As a holding company, Real
Industry relies on the operations of its subsidiaries and external
financing sources for its liquidity needs.

Real Industry, Inc., and eight affiliated debtors each filed a
voluntary petition for relief under Chapter 11 of the United States
Bankruptcy Code (Bankr. D. Del. Lead Case No. 17-12464) on Nov. 17,
2017. The cases are pending before the Honorable Kevin J. Carey.

The Debtors tapped Morrison & Foerster LLP as legal counsel; Saul
Ewing Arnstein & Lehr LLP as co-counsel; Berkeley Research Group,
LLC as financial advisor; Jefferies LLC as investment banker; Ernst
& Young LLP as auditor and tax advisor; and Prime Clerk as
administrative advisor.

The Ad Hoc Noteholder Group whose members include DDJ Capital
Management, LLC, Osterweis Capital Management, HPS Investment
Partners, LLC, Hotchkis & Wiley Capital Management, and Southpaw
Credit Opportunity Master Fund L.P., hired Latham & Watkins LLP and
Young Conway Stargatt & Taylor LLP to represent it in the Chapter
11 bankruptcy cases of Real Industry, Inc., and its affiliates.

Andrew S. Vara, Acting U.S. Trustee for Region 3, appointed five
creditors to serve on the Official Committee of Unsecured Creditors
in the Chapter 11 cases of Real Industry, Inc., and its
debtor-affiliates. The Committee hired Duane Morris LLP, as
Delaware counsel; Brown Rudnick LLP, as co-counsel; Goldin
Associates, LLC, as financial advisor; and Stifel Nicolaus & Co.,
Inc., as investment banker.


RENNOVA HEALTH: Sabby Healthcare Reports 9.99% Stake
----------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, Sabby Healthcare Master Fund, Ltd. and Sabby Volatility
Master Fund, Ltd. disclosed that they beneficially own 563,403 and
563,403 shares of Rennova Health, Inc.'s common stock,
respectively, representing approximately 9.99% and 9.99% of the
Common Stock, respectively.  Sabby Management, LLC and Hal Mintz
each beneficially own 563,403 shares of the Common Stock,
representing approximately 9.99% of the Common Stock.  Sabby
Management, LLC and Hal Mintz do not directly own any shares of
Common Stock, but each indirectly owns 563,403 shares of Common
Stock.  Sabby Management, LLC, a Delaware limited liability
company, indirectly owns 563,403 shares of Common Stock because it
serves as the investment manager of Sabby Healthcare Master Fund,
Ltd. and Sabby Volatility Warrant Master Fund, Ltd., Cayman Islands
companies.  Mr. Mintz indirectly owns 563,403 shares of Common
Stock in his capacity as manager of Sabby Management, LLC.

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

                      https://is.gd/KVtryP

                      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, the Company is creating the next generation of
healthcare.

Rennova Health reported a net loss attributable to common
stockholders 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 Sept. 30, 2017, Rennova had $6.36 million in total assets,
$25.15 million in total liabilities and a total stockholders'
deficit of $18.78 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.


RICEBRAN TECHNOLOGIES: Appoints Chief Operating Officer
-------------------------------------------------------
Brent R. Rystrom, 54, was appointed chief operating officer of
RiceBran Technologies on Jan. 8, 2018.  Mr. Rystrom continues to
serve as the company's chief financial officer, a position he has
held since March 2017.  Mr. Rystrom brings over 25 years of
business finance experience, including over 20 years of service as
a director of research and senior financial analyst for several
investment banking firms, including Piper Jaffray and Feltl &
Company.  From 2009 until March 2017, Mr. Rystrom served as
director of research for Feltl & Company, a regional investment
banking firm headquartered in Minnesota, where he managed research,
institutional sales, and trading departments while providing
research coverage on consumer products, retail and agriculture
companies ranging from micro to large capitalization.  Over his 11
years of service at Piper Jaffray he was named a Wall Street
Journal "Best on the Street" analyst and a "Top 10" Retailing
Industry Analyst from Reuter's.  Since 1997, Mr. Rystrom has also
successfully acquired and managed a large portfolio of personal
agricultural real estate assets, and from 2011 through 2015, he
served on the customer advisory board of AgStar, a $10 billion
agricultural bank based in Minnesota.  Mr. Rystrom holds a degree
in business finance from St. Thomas University.

                   About RiceBran Technologies

Headquartered in Scottsdale, Arizona, RiceBran Technologies --
http://www.ricebrantech.com/-- is a food, animal nutrition, and
specialty ingredient company focused on the procurement,
bio-refining and marketing of numerous products derived from rice
bran.  RiceBran has proprietary and patented intellectual property
that allows the Company to convert rice bran, one of the world's
most underutilized food sources, into a number of highly nutritious
food, animal nutrition and specialty ingredient products.

RiceBran incurred a net loss attributable to common shareholders of
$9.10 million in 2016 compared to a loss attributable to common
shareholders of $8.3 million in 2015.  As of Sept. 30, 2017,
RiceBran had $32.90 million in total assets, $20.51 million in
total liabilities and $12.39 million in total equity attributable
to shareholders.

Marcum 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 suffered recurring losses from
operations resulting in an accumulated deficit of $260 million at
Dec. 31, 2016.  This factor among other things, raises substantial
doubt about its ability to continue as a going concern.


RUPARI HOLDING: Dec. 29 Plan Effective Date
-------------------------------------------
On December 29, 2017, all conditions to the occurrence of the
Effective Date set forth in the a Combined Plan and Disclosure
Statement filed by Rupari Holding Corp. and Rupari Food Services,
Inc. (collectively "Rupari") and the Official Committee of
Unsecured Creditors with the U.S. Bankruptcy Court for the District
of Delaware were satisfied or waived according to the Plan and the
Effective Date of the Plan occurred.

On December 14, 2017, the Bankruptcy Court entered its Findings of
Fact, Conclusions of Law, and Order Approving and Confirming First
Amended Joint Combined Disclosure Statement and Chapter 11 Plans of
Liquidation.

Under the Plan a request for payment of an Administrative Expense
Claim arising on or after June 15, 2017 through the Effective Date
that remains unpaid must be filed with the Clerk of the Bankruptcy
Court, by no later than January 29, 2018.

The Plan does not provide for the substantive consolidation of the
Debtors.  Claims -- other than administrative expense claims,
professional fee administrative claims, priority tax claims, and
statutory fees claims -- are treated as follows:

   * RUPARI HOLDING CORP.

             Type             Status Under Plan  Anticipated
                                                   Recovery
   -------------------------  -----------------  -----------
   Secured Claims                Unimpaired          100%
   Other Priority Claims         Unimpaired          100%
   General Unsecured Claims      Impaired             0%
   Intercompany Claims           Impaired             0%
   Equity Interests              Impaired             0%

   * RUPARI FOOD SERVICES, INC.

             Type             Status Under Plan  Anticipated
                                                   Recovery
   -------------------------  -----------------  -----------
   Secured Claims                Unimpaired          100%
   Other Priority Claims         Unimpaired          100%
   General Unsecured Claims      Impaired             8%
   Intercompany Claims           Impaired             0%
   Existing Equity Interests     Impaired             0%

Payments required under the Plan shall be funded from:

     (a) cash held by the Debtors as of the effective date,
     (b) the plan contribution payments on the effective date,
     (c) net proceeds of avoidance actions, and
     (d) net recoveries resulting from the prosecution of other
         estate claims and causes of action.

A full-text copy of the combined disclosure statement and plan
dated December 11, 2017 is available at:

        http://bankrupt.com/misc/deb17-10793-648.pdf

Rupari Holding is represented by:

          R. Craig Martin, Esq.
          Maris J. Kandestin, Esq.
          DLA PIPER LLP (US)
          1201 N. Market Street, Suite 2100
          Wilmington, DE 19801
          Tel: (302) 468-5700
          Fax: (302) 394-2341
          Email: craig.martin@dlapiper.com
                 maris.kandestin@dlapiper.com

               -- and --

          Richard A. Chesley, Esq.
          John K. Lyons, Esq.
          DLA PIPER LLP (US)
          1251 Avenue of the Americas
          New York, NY 10020
          Tel: (212) 335-4500
          Fax: (212) 335-4501
          Email: richard.chesley@dlapiper.com
                 john.lyons@dlapiper.com

The Official Committee of Unsecured Creditors is represented by:

          Wojciech F. Jung, Esq.
          Bruce S. Nathan, Esq.
          Jeffrey Cohen, Esq.
          LOWENSTEIN SANDLER LLP
          1251 Avenue of the Americas
          New York, NY 10020
          Tel: (212) 262-6700
          Fax: (212) 262-7402
          Email: wjung@lowenstein.com
                 bnathan@lowenstein.com
                 jcohen@lowenstein.com

               -- and --

          Christopher M. Samis, Esq.
          L. Katherine Good, Esq.
          WHITEFORD, TAYLOR & PRESTON LLP
          The Renaissance Center
          405 North King Street, Suite 500
          Wilmington, DE 19801
          Tel: (302) 353-4144
          Fax: (302) 661-7950
          Email: csamis@wtplaw.com
                 kgood@wtplaw.com

               About Rupari Holding Corp.

Established in 1978, Rupari -- http://www.rupari.com/-- is a
culinary supplier of sauced and unsauced ribs, barbeque pork, and
BBQ chicken.  Since 1978, Rupari Foods has been producing and
distributing the finest, restaurant-quality, pre-cooked, sauced,
bone-in proteins, and related barbeque products.  The Company
offers a full line of meats under the Rupari brand name, as well as
a variety of products under the retail names of Tony Roma's and
Butcher's Prime. The Company's products are available at large and
mid-sized retailers throughout the United States and Canada.

Rupari Holding Corp. and its affiliate Rupari Food Services, Inc.,
filed Chapter 11 petitions (Bankr. D. Del. Case Nos. 17-10793 and
17-10794, respectively) on April 10, 2017.  The petitions were
signed by signed by Jack Kelly, CEO.

At the time of filing, the Debtors each estimated $50 million to
$100 million in assets and $100 million to $500 million in
liabilities.

The cases are assigned to Judge Kevin J. Carey.

R. Craig Martin, Esq., Maris J. Kandestin, Esq., Richard A.
Chesley, Esq., and John K. Lyons, Esq., at DLA Piper LLP (US) are
serving as counsel to the Debtors.  Kinetic Advisors LLC is the
financial advisor.  Donlin, Recano & Co., Inc., is the claims and
noticing agent.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on April 20,
2017, appointed three creditors to serve on the official committee
of unsecured creditors in the Chapter 11 case of Rupari Holding
Corp.

The Committee tapped Lowenstein Sandler LLP as lead bankruptcy
counsel, Whiteford Taylor & Preston LLC, as Delaware counsel, and
CohnReznick LLP and CohnReznick Capital Market Securities, LLC, as
its financial advisor and investment banker.


SANDY CREEK: Bank Debt Trades at 16.62% Off
-------------------------------------------
Participations in a syndicated loan under which Sandy Creek Energy
Associates is a borrower traded in the secondary market at 83.38
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 2.3 percentage points from
the previous week.  Sandy Creek Energy Associates pays 400 basis
points above LIBOR to borrow under the $1.025 billion facility. The
bank loan matures on Nov. 6, 2020 and carries Moody's B3 rating and
Standard & Poor's B- rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended December
22.


SBRS INC: Has Authorization to Access Cash Collateral
-----------------------------------------------------
The Hon. Maureen A. Tighe of the U.S. Bankruptcy Court for the
Central District of California has entered an order authorizing
SBRS, Inc. to use cash collateral under 11 U.S.C. Section
363(c)(2)(B).

A full-text copy of the Order is available at:

               http://bankrupt.com/misc/cacb17-13063-39.pdf

As reported by the Troubled Company Reporter on Dec. 4, 2017, the
Debtor sought authorization to use cash collateral for a period
through May 30, 2018.

Bank of America holds the first mortgage in the scheduled amount of
$1.35 million.  JP Morgan Chase Bank holds the second mortgage in
the scheduled amount of $226,898. Royale Westminster Properties,
Inc., holds a third position lien in the scheduled amount of
$185,000.  The Calabasas Park Homeowners Association holds a fourth
position lien in the scheduled amount of $1,200.

SBRS said additional adequate protection will include these
provisions in the court order approving the use of cash
collateral:

     1. The Secured Creditors will receive a replacement lien
against postpetition cash, accounts, receivables and inventory, and
the proceeds of each of the foregoing, to the same extent and
priority as any duly perfected and unavoidable liens in cash
collateral held by such secured creditor as of the Petition Date,
limited to the amount of any cash collateral of such secured
creditor as of the Petition Date, to the extent that any cash
collateral of secured creditor is actually used by the Debtor.
However, the lien will not reach new assets generated from
services, like collections from personal training sessions, except
to the extent of the value of the member related dues paid in the
generation of these services; and

     2. The Debtor will provide to the Secured Creditors all
interim statements and operating reports required to be submitted
to the Office of the U.S. Trustee, and monthly cash flow reports,
broken down by the expense line items contained in the budget,
within l5 days after the end of each monthly period after the
Petition Date.

The Debtor contended that those provisions, coupled with the value
that will be preserved and generated through the continued
operation of the Debtor's business, will provide the Secured
Creditors all the protection required under 11 U.S.C. Section 363.

                       About S.B.R.S. Inc.

Calabasas, California-based S.B.R.S. is in the real estate
business.  A foreclosure sale was scheduled on for the company's
property located at 3442 Malaga Court, Calabasas, CA 91302.  

The company previously filed Chapter 11 cases (Bankr. C.D. Cal.
Case No. 15-10657) on Feb. 10, 2015, listing $1.81 million in total
assets and $1.83 million in total liabilities and on Feb. 14, 2012
(Bankr. C.D. Cal. Case No. 12-11389).

S.B.R.S., Inc., again sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 17-13063) on Nov. 16,
2017.  The petition was signed by Farokh Erami, president.  At the
time of the filing, the Debtor estimated assets and liabilities of
$1 million to $10 million.  Judge Maureen Tighe presides over the
case.  Michael Jay Berger, Esq. at the Law Offices of Michael Jay
Berger serves as its legal counsel.


SERTA SIMMONS: Bank Debt Due 2023 Trades at 8.31% Off
-----------------------------------------------------
Participations in a syndicated loan under which Serta Simmons
Bedding LLC is a borrower traded in the secondary market at 91.69
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 1.52 percentage points from
the previous week.  Serta Simmons Bedding LLC pays 350 basis points
above LIBOR to borrow under the $1.950 billion facility. The bank
loan matures on Nov. 8, 2023 and Moody's B1 rating and Standard &
Poor's B rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended December 22.


SERTA SIMMONS: Bank Debt Due 2024 Trades at 15.25% Off
------------------------------------------------------
Participations in a syndicated loan under which Serta Simmons
Bedding LLC  is a borrower traded in the secondary market at 84.75
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 0.89 percentage points
from the previous week. Serta Simmons Bedding LLC pays 800 basis
points above LIBOR to borrow under the $450 million facility. The
bank loan matures on Nov. 8, 2024 and Moody's B3 rating and
Standard & Poor's CCC+ rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended December
22.


SHIEKH SHOES: Wants to Obtain $5-Mil Term Loan, Use Cash
--------------------------------------------------------
Shiekh Shoes, LLC, seeks interim authorization from the U.S.
Bankruptcy Court for the Central District of California to obtain
senior secured postpetition term loan in the principal amount of
$5,000,000, and to use cash collateral to pay ordinary and
necessary operating and administrative expenses pursuant to the
Budget.

Prepetition, the Debtor (as borrower), Karmaloop (as lender), and
Comvest Capital II, L.P. (as administrative and collateral agent
for itself and Karmaloop) entered that certain "Credit Agreement."
Pursuant to which, Comvest Capital asserts a claim in an aggregate
principal amount of $10,000,000, as of the Petition Date, which is
secured by a second priority lien on substantially all of the
Debtor's assets. However, the Debtor disputes the Comvest claim in
its entirety

At the outset of this case, State Bank was owed approximately
$7,169,547 on account of its prepetition debt, secured by over
$35,000,000 of inventory at cost and a second trust deed on real
property in Malibu, California, owned jointly by the Debtor's
principal and his brother with an estimated fair market value of
$30,000,000. Although State Bank was dramatically oversecured, the
State Bank DIP Facility included various "milestones" and other
requirements that the Debtor has not satisfied.

In response, on December 21, 2017, State Bank issued a notice of
default asserting that all obligations to State Bank will now bear
interest at the default rate (currently 11.50%) and reserving its
rights to exercise all remedies under the State Bank DIP Facility
and related loan agreement.

State Bank and the Debtor have discussed the option of ongoing
financing under the existing State Bank DIP Facility. To proceed,
however, State Bank has advised the Debtor of various fees,
limitations, and requirements -- such as the continued accrual of
interest at the default rate, the posting of the Cash Collateral
Guaranty, potentially severe limitations on the availability of
funding for the Debtor, and the payment of a $120,000 waiver and
amendment fee -- that the Debtor believes render any such continued
financing unworkable or less favorable than the presently proposed
Term Loan.

As a result, the Debtor has determined that continued financing
from State Bank on the terms expressed in discussions to date is no
longer feasible or in the best interests of the Estate. Instead,
the Debtor determined that it is in the best interests of the
Estate to retire the State Bank Debt (which, as of January 9, 2018,
is estimated to be less than $4.0 million), close the existing
State Bank DIP Facility, and, in the interim, fund operations
through use of cash collateral pursuant to the Budget.

The Debtor provides the following key terms of the Term Loan:

      A. Term Lender: Anjum Shiekh, the brother of the Debtor's
principal, Shiekh S. Ellahi.

      B. Term Loan Amount: $5,000,000.

      C. Interest rate at 5.25% per annum. Upon an Event of
Default, the interest rate will increase to 7.25%.

      D. Term: Payable in full at the earlier of: (a) the first
business day that is nine months after closing of the loan; (b)
confirmation of a chapter 11 plan in this case; (c) conversion of
the case to chapter 7; (d) dismissal of the case; or (e)
appointment of a chapter 11 trustee in this case.

      E. Use of Proceeds and Purpose of Loan: Replacement loan to
take-out the existing prepetition and postpetition claims of State
Bank And Trust Company and retire the State Bank DIP Facility. Any
balance of the Term Loan remaining after payment of the State Bank
Debt will be used to fund operations, together with cash
collateral. While State Bank may be willing to waive defaults under
and amend the State Bank DIP Facility, the Debtor believes
availability of funding under an amendment would be severely
restricted. Moreover, the Term Loan is designed avoid the fees,
accruing default interest, and other costs and charges under the
existing (or amended) State Bank DIP Facility pending the
Debtor’s procurement of a second plug of more substantial funding
to provide additional funding for the Debtor's operations and
administrative expenses.

      F. Collateral: Priming lien on all of the Debtor's
prepetition and postpetition assets, junior only to: (a) permitted
senior security interests that were valid and perfected as of the
Petition Date, and (b) certain indemnification claims and related
liens (if any) of State Bank until the deadline for the Committee
to challenge State Bank's claim and liens set in the interim order
on the State Bank DIP Facility expires, subject to the Weekly
Advances, the Carve-Out and payment of U.S. Trustee Fees and
allowed Professional Fees.  

      G. Other Material Provisions of Interim Order:

       (a) The Term Lender will have a super-priority claim to be
paid ahead of all other administrative expense claims.

       (b) Comvest Capital will receive adequate protection in the
form of replacement liens on the Debtor's inventory, fixtures,
furniture, equipment, accounts receivable, and the proceeds thereof
generated or acquired by the Debtor if and to the extent that: (i)
the prepetition security interest of Comvest is valid, enforceable,
properly perfected, and unavoidable; and (ii) the Debtor's use of
cash collateral results in diminution in the value of Comvest
Capital's collateral.

       (e) Weekly advances will be made as follows: (i) $35,000 for
fees and costs of the Debtor's bankruptcy counsel; (ii) $35,000 for
fees and costs of the Debtor's financial advisor; (iii) $30,000 for
the fees and costs of the Committee's bankruptcy counsel; and (iv)
$30,000 for the fees and costs of the Committee's financial
advisor.

A full-text copy of the Debtor's Motion is available at;

            http://bankrupt.com/misc/cacb17-24626-276.pdf

                      About Shiekh Shoes LLC

Based in Ontario, California, Shiekh Shoes, LLC --
http://www.shiekhshoes.com/-- is a shoe retailer company with 79
locations in California, five in Nevada, 11 in Arizona, 11 in
Texas, two in New Mexico, one in Oregon, six in Illinois, eight in
Michigan, and five in Washington.  Shiekh Shoes features brands
like Shiekh, Adidas, Puma, Timberland, Converse, among others.  It
offers dress, casual, athletic, infant, toddler, youth, basketball,
running, training, and skate shoes; slippers, sandals, wedges,
pumps, boots, high heels, and sneakers; and apparel.  The company
was founded in 1991.

Shiekh Shoes sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 17-24626) on Nov. 29, 2017.  Shiekh
E. Ellahi, its chief executive officer, signed the petition.

At the time of the filing, the Debtor estimated assets and
liabilities of $50 million to $100 million.

Judge Vincent P. Zurzolo presides over the case.

The Debtor tapped SulmeyerKupetz, APC as its legal counsel; DJM
Realty Services, LLC. as real estate lease consultant; and KGI
Advisors, Inc. as its financial advisor.


UNI-PIXEL INC: Seeks Case Conversion Into Liquidation Proceeding
----------------------------------------------------------------
BankruptcyData.com reported that Uni-Pixel filed with the U.S.
Bankruptcy Court a motion to convert its Chapter 11 reorganization
to a liquidation under Chapter 7. The motion explains,
"Substantially all of the Debtors' assets have been sold and all
remaining issues have been resolved (or set for hearing on or
before the hearing on this Motion).  There is no reason for the
cases to remain in chapter 11, and it is in the best interests of
all parties for the cases to be converted to chapter 7 so the
remaining administration of the estates can be completed by a
chapter 7 trustee. Further, no unusual circumstances are apparent
that would demonstrate that conversion would not be in the best
interests of the creditors and the estate.  After the sale of the
Debtors' assets, nothing remains to be reorganized.  Confirming a
liquidating plan of reorganization to distribute the proceeds of
the sale (and any other assets) would be far more expensive than
allowing a chapter 7 trustee to do so.  The interests of the
creditors and the estate would be best served by conversion to a
liquidation case because there is no reason to continue to incur
expenses associated with a chapter 11 case (e.g., preparation and
filing of monthly operating reports, ongoing UST fees, etc.) when
reorganization would be futile. Based on the foregoing, sufficient
cause is established to necessitate conversion of the cases to
chapter 7. The interests of the creditors and the estate would be
best served by conversion to chapter 7 because unnecessary costs
and expenses associated with a chapter 11 case would be avoided,
and the Debtors' assets have been sold."  The Court scheduled a
January 18, 2018 hearing on the conversion motion.

                      About Uni-Pixel Inc.

The Woodlands, Tex.-based Uni-Pixel, Inc. --
http://www.unipixel.com/-- develops and markets metal mesh
capacitive touch sensors for the touch-screen and flexible displays
markets.  The Company's roll-to-roll electronics manufacturing
process patterns fine line conductive elements on thin films.  The
Company markets its technologies for touch panel sensor, cover
glass replacement, and protective cover film applications under the
XTouch and Diamond Guard brands.

Uni-Pixel, Inc., and its subsidiary Uni-Pixel Displays, Inc., filed
Chapter 11 petitions (Bankr. N.D. Cal. Case Nos. 17-52100 and Case
No. 17-52101) on Aug. 30, 2017.

The Debtors tapped Scott H. McNutt, Esq., at McNutt Law Group LLP,
as bankruptcy counsel; and Crowell & Moring LLP, as special
counsel.

The Official Committee of Unsecured Creditors in the Debtors' cases
is represented by John William Lucas of Pachulski Stang Ziehl and
Jones LLP.


VERN'S AUTO: Final Cash Collateral Use Order Entered
----------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas has entered a final order authorizing Vern's Auto
Repair, LLC to use cash collateral to continue its daily
operations.   

The Debtor may use cash collateral under the following conditions:

     (a) The Debtor should at all times continue to maintain, and
share and otherwise preserve and protect the collateral and the
post-petition collateral in accordance with RBFCU's prepetition
liens.  This includes but is not limited to maintaining adequate
insurance on the real estate and all the equipment in the shop at
all times. RBFCU, after notice and hearing, will have authority to
seek to lift the stay to foreclose on the equipment in the event it
becomes uninsured or inadequately assured.

     (b) FC Partners, LP, RBFCU and McKenzie Capital LLC are each
granted continuing, replacement lien and security interest in and
on all assets and proceeds of assets forming the basis of their
collateral, if any, to the extent a pre-petition lien exist, in the
same order and priority as currently exists.

     (c) As adequate protection for any postpetition diminution in
the value of the collateral or the dissipation of RBFCU's cash
collateral resulting from the Debtor's use thereof, Debtor will pay
the sum of $1,537.10 each month to RBFCU. This payment will be due
on or before 15th day of each month beginning in the month of
December 2017 and continuing until the Effective Dale following
confirmation of a plan of reorganization.

     (d) The grant of such lien and security interest is intended
to protect those Creditors' liens and security interests, to the
extent one exist, from diminution in value.

     (e) The Debtor will make no extraordinary expenditures and all
expenditures will be those incurred in the ordinary course of
business and be only related to payments necessary to operate the
real estate owned by Debtor as shown on the budget.

A full-text copy of the Final Order is available at:

             http://bankrupt.com/misc/txwb17-52471-31.pdf

                    About Vern's Auto Repair

Vern's Auto Repair, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 17-52471) on Oct. 26,
2017.  Joseph D. Fontenot, its managing member, signed the
petition.  At the time of the filing, the Debtor estimated assets
of less than $50,000 and liabilities of less than $500,000.  Judge
Ronald B. King presides over the case.  The Debtor is represented
by Steven G. Cennamo, Esq. at Malaise Law Firm as its legal
counsel.




WCD LLC: Court Approves Cash Collateral Use Stipulation
--------------------------------------------------------
The Hon. Jeff Bohm of the U.S. Bankruptcy Court for the Southern
District of Texas inked his approval on the Stipulation and Interim
Order entered between WCD, LLC and Pendleton Capital Group, Inc.,
authorizing WCD, LLC to use cash collateral to pay, as necessary,
its usual and ordinary postpetition ongoing business obligations in
the amount of $61,000 for 30 days as of the petition date.

The prepetition liens of Pendleton in the collateral will continue
as post-petition replacement liens, and Pendleton will retain its
security interests and hold properly perfected first liens on the
assets of the Debtor. Pendleton is granted valid, perfected and
enforceable replacement security interests and liens upon the
collateral to the same extent and priority as existed pre-petition
without the necessity of additional filings under applicable
non-bankruptcy law.

The Debtor is directed to maintain adequate insurance on the
collateral as required by the U.S. Trustee and without any lapse in
coverage.

The next cash collateral hearing will be held on January 22, 2018
at 4:00 p.m.

A full-text copy of the Interim Order is available at:

              http://bankrupt.com/misc/txsb17-36817-12.pdf

                         About WCD, LLC

Wildcat Development -- http://www.wildcatdev.com/-- is an
end-to-end technology company with teams of mechanical, electrical,
and software engineers that provides an integrated and customized
solutions for the energy and high-tech industries.  The company's
team of engineers have years of involvement and experience in
prototype 3D printing, custom control systems, prototype
development, schematic design, PCB design and layout, PLC &
microprocessor programming, application development, SQL database
design, mechanical design, and web development & integration. The
company is headquartered in Spring, TX.

WCD, LLC, d/b/a Wildcat Development, filed a Chapter 11 petition
(Bankr. S.D. Tex. Case No. 17-36817) on Dec. 21, 2017.  Stuart
Williams, member, signed the petition.  At the time of filing, the
Debtor had $787,962 in total assets and $1,030,000 in total
liabilities.  The case is assigned to Judge Jeff Bohm.  The Debtor
is represented by Larry A. Vick, Esq.  


WESTINGHOUSE ELECTRIC: Sets Sale/Abandonment Procedures for Assets
------------------------------------------------------------------
Westinghouse Electric Co, and affiliates ask the U.S. Bankruptcy
Court for the Southern District of New York to authorize the (i)
sale procedures by which they may sell property that is no longer
needed in their ongoing business activities, and (ii)  abandonment
procedures by which they may abandon property of inconsequential
value that is burdensome to their estates.

A hearing on the Motion is set for Jan. 24, 2018 at 10:00 a.m.
(PET).  The objection deadline is Jan. 17, 2018 at 4:00 p.m. (PET).
A hearing will be held to consider the Objections(s) on Jan. 24,
2018 at 11:00 a.m. (PET).

Significant developments with respect to the construction of Units
2 and 3 at the Virgil C. Summer Nuclear Generating Station site
("VC Summer Project") and Units 3 and 4 at the Alvin W. Vogtle
Electric Generating Plant site ("Vogtle Project") have taken place
during these Chapter 11 Cases.  The Debtors have transitioned their
role at the Vogtle Project from an engineering, procurement, and
construction role to an engineering, procurement, and
constructionsupport services arrangement, while the construction of
the VC Summer Project ceased on July 31, 2017.  As a result of
these developments, the Debtors rejected over 4,500 executory
contracts related to the Projects, and certain personal property
owned by Westinghouse is no longer needed by the Debtors.

As part of its VC Summer Project wind-down efforts and Vogtle
Project transition, Westinghouse has been exploring and pursing
opportunities to repurpose and sell such property in order to
recover value for its estates.  The property the Debtors are asking
authority to sell pursuant to the Auction Motion does not comprise
all of the property related to the Projects that they may seek to
dispose of during these chapter 11 cases.

Westinghouse owns additional property of relatively immaterial
value that is no longer needed for the Projects, but for which a
public auction was not the best platform for their disposition.
Instead, it anticipates that it may ask in the future to repurpose
such property internally to other parts of its operations, or sell
such property by private sale.  Further, there may be other
miscellaneous property of immaterial value unrelated to the
Projects that is no longer needed in their operations, which they
may ask to sell outside the ordinary course of business.

Requiring a motion to approve every such transaction identified
would be administratively burdensome for the Court and costly for
the Debtors' estates.  Accordingly, Westinghouse asks approval of
procedures that would allow it to sell or abandon property where it
would be beneficial to their estates to do so.  The proposed
procedures provide for notice and information regarding proposed
dispositions to interested parties, and represent an efficient and
cost-effective means to ask Court approval for transactions that
will permit the continued orderly wind-down of Westinghouse's
involvement in the VC Summer Project, as well as allow Westinghouse
to efficiently sell or abandon other property that is burdensome,
unnecessary, or of relatively immaterial value to their estates.

Accordingly, the Debtors propose to sell certain property for the
highest and best offer received, taking into consideration the
exigencies and circumstances in each such sale or transfer, using
their proposed Sale Procedures.

The salient terms of the Sale Procedures are:

     a. Non-Noticed Sales: For property that has a fair market
value less than $1 million, and is proposed to be sold in a
transaction, or in a series of related transactions:

          i. Sale Free and Clear: Any such sale of property will be
free and clear of all liens, claims, and encumbrances, with such
Liens attaching only to the sale proceeds.

          ii. Within 30 days of each quarterly period, commencing
with the period ending March 31, 2018, the Debtors will file with
the Court a report summarizing any Non-Noticed Sales that were
completed pursuant to the Sale Procedures during the immediately
preceding quarter, and serve it on all Notice Parties.

     b. Noticed Asset Sales: For property that has a fair market
value equal to or greater than $1 million, and less than or equal
to $5 million, and is proposed to be sold in a transaction, or in a
series of related transactions:

          i. Sale Free and Clear: Any such sale of property will be
free and clear of all liens, claims, and encumbrances, with such
Liens attaching only to the sale proceeds.

          ii. Sale Notice: The Debtors shall, at least seven days
prior to closing such sale or effectuating such transfer, serve a
written notice of such sale to the Notice Parties.

          iii. Objection Procedures: The parties objecting to a
Sale Notice must file and serve a written objection no later than
five calendar days after the date the Debtors serve the relevant
Sale Notice.

          iv. No Objection: If no objection to a Sale Notice is
timely filed by any of the Notice Parties within five calendar days
of service of such Sale Notice, the Debtors are authorized to
immediately consummate such transaction.

     c. Sale Pursuant to Motion: For property that has a fair
market value greater than $5 million, and is proposed to be sold in
a transaction, or in a series of related transactions, the Debtors
will seek authority to sell such property pursuant to a motion and
in accordance with the Bankruptcy Code, Bankruptcy Rules, and Local
Rules.

The Debtors submit that the sale of property pursuant to the Sale
Procedures is both an exercise of sound business judgment and in
the best interests of the estates and their creditors.  Selling
property in the manner proposed herein is the most efficient and
cost-effective means of maximizing value.

To the extent the Debtors are unable to find purchasers for certain
personal property, or the sale of particular personal property is
uneconomical, the Debtors ask authority to abandon such property
pursuant to the Abandonment Procedures.

The salient terms of the Abandonment Procedures are:

     a. Non-Noticed Abandonment: For property that the Debtors
believe has a book value on their books and records or acquisition
cost (as applicable) on the property of less than or equal to
$500,000:

          i. Business Judgment Standard: The Debtors are authorized
to abandon such property if they determine in the reasonable
exercise of their business judgment that such abandonment is in the
best interest of their estates, without further order of the Court
or notice to any party.

          ii. Abandonment Reports: Within 30 days of each quarterly
period, commencing with the period ending March 31, 2018, the
Debtors will file with the Court a report summarizing any
non-noticed abandonments that were completed pursuant to the
Abandonment Procedures during the immediately preceding quarter,
and serve it on the Notice Parties.  With respect to each
applicable abandonment, and in compliance with Rule 6007- 1 of the
Local Bankruptcy Rules for the Southern District of New York, each
Quarterly Report will include: (a) identification of the property
being abandoned and its location; (b) a summary of the reasons for
abandoning such Assets, and (c) the entity to whom the property is
proposed to be abandoned, if any.

     b. Noticed Abandonment: For property that the Debtors believe
has a book value on their books and records or acquisition cost (as
applicable) of greater than $500,000:

          i. Abandonment Notice: The Debtors shall, at least five
calendar days prior to abandoning such property, serve a written
notice of such abandonment to the Notice Parties.

          ii. Objection Procedures: Parties objecting to an
Abandonment Notice must file no later than five calendar days after
the date the Debtors serve the relevant Abandonment Notice.

          iii. No Objection: If no objection to an Abandonment
Notice is timely filed by any of the Notice Parties within five
calendar days of service of such Abandonment Notice, the Debtors
are authorized to immediately abandon the relevant property.

          iv. Unresolved Objections: If a timely objection is filed
and not withdrawn or resolved, the Debtors will file a notice of
hearing to consider the unresolved objection.

The Debtors respectfully submit that the proposed Abandonment
Procedures represent the exercise of sound business judgment, are
fair and appropriate, and balance the need for an expeditious
reduction of burdensome costs to their estates with the provision
of advance notice of proposed dispositions of property.

The Debtors ask a waiver of the notice requirements under
Bankruptcy Rule 6004(a) and the 14- day stay of an order
authorizing the use, sale, or lease of property under Bankruptcy
Rule 6004(h).

                   About Westinghouse Electric

Westinghouse Electric Company LLC --
http://www.westinghousenuclear.com/-- is a U.S.-based nuclear
power company founded in 1999 that provides design work and
start-up help for new nuclear power plants and makes many of the
components.  Westinghouse manufactures and supplies the commercial
fuel products needed to run the plants, and it offers training,
engineering, maintenance, and quality management services.  Almost
50% of nuclear power plants around the world and about 60% of U.S.
plants are based on Westinghouse's technology.  Westinghouse's
world headquarters are located in the Pittsburgh suburb of
Cranberry Township, Pennsylvania.

On Oct. 16, 2006, Westinghouse Electric was sold for $5.4 billion
to a group comprising of Toshiba (77% share), partners The Shaw
Group (20% share), and Ishikawajima-Harima Heavy Industries Co.
Ltd. (3% share).  After purchasing part of Shaw's stake in 2013,
Japan-based conglomerate Toshiba obtained ownership of 87% of
Westinghouse.

Amid cost overruns at U.S. nuclear reactors it was building,
Westinghouse Electric Company LLC, along with 29 affiliates, filed
voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-10751) on March 29,
2017.  The petitions were signed by AlixPartners' Lisa J. Donahue,
the Debtors' chief transition and development officer.

The Debtors disclosed total assets of $4.32 billion and total
liabilities of $9.39 billion as of Feb. 28, 2017.

The Hon. Michael E. Wiles presides over the cases.

Weil, Gotshal & Manges LLP serves as counsel to the Debtors.  The
Debtors hired AlixPartners LLP as financial advisor; PJT Partners
Inc. as investment banker; Kurtzman Carson Consultants LLC as
claims and noticing agent; K&L Gates as special counsel; and KPMG
LLP as tax consultant and accounting and financial reporting
advisor.

Toshiba Nuclear Energy Holdings (UK) Ltd. is represented by Albert
Togut, Esq., Brian F. Moore, Esq., and Kyle J. Ortiz, Esq., at
Togut, Segal & Segal LLP.

On April 7, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Proskauer Rose LLP is
the committee's bankruptcy counsel, and Houlihan Lokey Capital,
Inc., serves as its investment banker.

The Board of Directors of Westinghouse appointed a special panel
called the U.S. AP1000 Committee to oversee the company's
activities related to certain AP1000 nuclear plants located in
Georgia and South Carolina.


WINDSTREAM CORP: Bank Debt Due 2021 Trades at 7.17% Off
-------------------------------------------------------
Participations in a 2021 syndicated loan under which Windstream
Corp is a borrower traded in the secondary market at 92.83
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 1.07 percentage points from
the previous week. Windstream Corp pays 425 basis points above
LIBOR to borrow under the $747 million facility. The bank loan
matures on Mar. 29, 2021 and Moody's B2 rating and Standard &
Poor's BB- rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended December 22.


WINDSTREAM CORP: Bank Debt Due 2024 Trades at 10.50% Off
--------------------------------------------------------
Participations in a syndicated loan under which Windstream Corp is
a borrower traded in the secondary market at 89.50
cents-on-the-dollar during the week ended Friday, December 22,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 0.85 percentage points
from the previous week. Windstream Corp pays 325 basis points above
LIBOR to borrow under the $580 million facility. The bank loan
matures on Feb. 17, 2024 and Moody's B2 rating and Standard &
Poor's BB- rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended December 22.


[^] BOOK REVIEW: Landmarks in Medicine -- Laity Lectures
--------------------------------------------------------
Introduction by James Alexander Miller, M.D.
Publisher:  Beard Books
Softcover: 355 pages
List Price: $34.95
Review by Henry Berry

Order your own personal copy today at http://bit.ly/1sTKOm6

As the subtitle points out, the seven lectures reproduced in this
collection are meant especially for general readers with an
interest in medicine, including its history and the cultural
context it works within. James Miller, president of the New York
Academy of Medicine which sponsored the lectures, states in his
brief "Introduction" that this leading medical organization "has
long recognized as an obligation the interpretation of the
progress of medical knowledge to the public." The lectures
collected here succeed admirably in fulfilling this obligation.

The authors are all doctors, most specialists in different areas
of medicine. Lewis Gregory Cole, whose lecture is "X-ray Within
the Memory of Man," is a consulting roentgenologist at New York's
Fifth Avenue Hospital. Harrison Stanford Martland is a professor
of forensic medicine at New York University College of Medicine.
Many readers will undoubtedly find his lecture titled "Dr. Watson
and Mr. Sherlock Holmes" the most engrossing one. Other doctor-
authors are more involved in academic areas of medicine and
teaching. Reginald Burbank is the chairman of the Section of
Historical and Cultural Medicine at the New York Academy of
Medicine. He lectured on "Medicine and the Progress of
Civilization." Raymond Pearl, whose selection is "The Search for
Longevity," is a professor of biology at Johns Hopkins University.

The authors' high professional standing and involvement in
specialized areas do not get in the way of their aim to speak to a
general audience. They are all skilled writers and effective
communicators. As the titles of some of the lectures noted in the
previous paragraph indicate, the seven selections of "Landmarks in
Medicine" focus on the human-interest side of medicine rather than
the scientific or technological. Even the two with titles which
seem to suggest concern with technical aspects of medicine show
when read to take up the human-interest nature of these topics.
"The Meaning of Medical Research", by Dr. Alfred E. Cohn of the
Rockefeller Institute for Medical Research, is not so much about
methods, techniques, and equipment of medical research, but is
mostly about the interinvolvement of medical research, the
perennial concern of individuals with keeping and recovering good
health, and social concerns and pressures of the day. "The meaning
of medical research must regard these various social and personal
aspects," Cohn writes. In this essay, the doctor does answer the
questions of what is studied in medical research and how it is
studied. And he answers the related question of who does the
research. But his discussion of these questions leads to the final
and most significant question "for what reason does the study take
place?" His answer is "to understand the mechanisms at play and to
be concerned with their alleviation and cure." By "mechanisms,"
Cohn means the natural--i. e., biological--causes of disease and
illness. The lay person may take it for granted that medical
research is always principally concerned with finding cures for
medical problems. But as Cohn goes into in part of his lecture,
competition for government grants or professional or public
notoriety, the lure of novel experimentation, or research mainly
to justify a university or government agency can, and often do,
distract medical researchers and their associates from what Cohn
specifies should be the constant purpose of medical research. Such
purpose gives medicine meaning to humankind.

The second lecture with a title sounding as if it might be about a
technical feature of medicine, "X-ray Within the Memory of Man,"
is a historical perspective on the beginnings of the use of x-ray
in medicine. Its author Lewis Cole was a pioneer in the
development of x-rays in the late 1800s and early 1900s. He mostly
talks about the development of x-ray within his memory. In doing
so, he also covers the work of other pioneers, notably William
Konrad Roentgen and Thomas Edison. Roentgen was a "pure scientist"
who discovered x-rays almost by accident and at first resented the
application of his discovery to practical uses such as medical
diagnosis. Edison, the prodigious inventor who was interested only
in the practical application of scientific discoveries, and his
co-worker Clarence Dally enthusiastically investigated the
practical possibilities of the discoveries in the new field of
radiation. Dally became so committed to his work in this field
that he shortly developed an illness and died. At the time, no on
knew about the dangers of prolonged exposure to x-rays. But
sensing some connection between his co-worker's untimely death and
his work with x-rays, Edison stopped his own investigations.

Cole himself became involved in work with x-rays during his
internship at Roosevelt Hospital in New York City in 1898 and
1899. His contribution to this important field was in the area of
interpretation of what were at the time primitive x-rays and
diagnosis of ailments such as tuberculosis and kidney stones. Cole
writes in such a way that the reader feels she or he is right with
him in the steps he makes in improving the use of x-rays. He adds
drama and human interest to the origins of this important medical
technology. The lecture "Dr. Watson and Mr. Sherlock Holmes" uses
the popular mystery stories of Arthur Conan Doyle to explore the
role of medicine in solving crimes, particularly murder. In some
cases, medical tests are required to figure out if a crime was
even committed. This lecture in particular demonstrates the
fundamental role played by medicine in nearly all major areas of
society throughout history. The seven collected lectures have
broad appeal. All of them are informative and educational in an
engaging way. Each is on an always interesting topic taken up by a
professional in the field of medicine obviously skilled in
communicating to the general reader. The authors seem almost mind
readers in picking out the most fascinating aspects of their
subjects which will appeal to the lay readers who are their
intended audience. While meant mainly for lay persons, the
lectures will appeal as well to doctors, nurses, and other
professionals in the field of medicine for putting their work in a
broader social context and bringing more clearly to mind the
interests, as well as the stake, of the public in medicine.


                            *********

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
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                            *********

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
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Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
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Editors.

Copyright 2018.  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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                   *** End of Transmission ***