TCR_Public/180116.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, January 16, 2018, Vol. 22, No. 15

                            Headlines

ACADIANA MANAGEMENT: PCO Files 3rd Interim Report for Edmond/Mercy
ACADIANA MANAGEMENT: PCO Files 3rd Interim Report for Las Vegas
ADAMS RESOURCES: AREI Will Get $3.2MM for Intercompany Claim
ALEXIS SANTOS: DOJ Watchdog to Determine the Necessity of PCO
ALLY FINANCIAL: Declares Dividend on Common Stock

ALTICE USA: S&P Lowers Proposed Secured Debt Rating to 'BB-'
AMPLIPHI BIOSCIENCES: Will Receive $3.5M from Stock Offering
ANDREW N. LAVIGNE: P. Levine Appointed as Chapter 11 Trustee
AUTHENTIDATE HOLDING: Appoints CMO of Anatomic Pathology Business
BILL BARRETT: Franklin Resources Has 10.8% Stake as of Dec. 31

BIOSTAGE INC: DST Capital Has 49.9% Stake as of Dec. 27
BLINK CHARGING: Amends 4.6 Million Units Prospectus with SEC
BLINK CHARGING: Amends Prospectus on Proposed 4.6M Units Sale
CAMBER ENERGY: Appoints Fred Zeidman as Director
CAMBER ENERGY: Increases Authorized Common Stock to 500M Shares

CAMBER ENERGY: Receives Shareholder Support in Turnaround Effort
CESAR QUINONES: Court Strips Down Tax Lien to $25K
CFG PERU: Trustee Can Proceed with Rule 2004 Discovery from HSBC
CHENIERE CORPUS: S&P Affirms 'BB-' Rating on $1.5BB Notes Due 2025
COLONIAL MEDICAL: U.S. Trustee Appoints E. De Jesus as PCO

COMSTOCK RESOURCES: MacKay Shields Has 12.69% Stake as of Dec. 31
CONCENTRA INC: Moody's Hikes Sr. Sec. First Lien Debt Rating to B1
CORPORATE RESOURCE: Trustee Hires Jeffer as Special Counsel
CSC HOLDING: Moody's Cuts Sr. Secured Debt Rating to Ba2
CTI BIOPHARMA: Stonepine Capital Has 5% Stake as of Jan. 11

DAVID'S BRIDAL: S&P Lowers CCR to 'CCC' on Debt Restructuring
DAYBREAK OIL: Incurs $568,000 Net Loss in Third Quarter
FINJAN HOLDINGS: Circuit Court Affirms Validity of Finjan's Patents
FIRST RIVER: CEO Says It Beat Receiver in Filing of Petition
FLOYD E. SQUIRES: Ct. Issues Memo on Eureka City's Letter to Judge

FTE NETWORKS: CEO Says 2017 One of Most Transformative Years
FUNCTION(X) INC: Signs a Two-Year License Deal with BumbClick
GABRIELLE LAVERNE BROWN: PCO Files 5th Report
GADFLY ENTERPRISES: Wants to Use Hanmi Bank Cash Collateral
GENESIS TOTAL: PCO Files 3rd Report

GLYECO INC: Registers 20 Million Shares Under Stock Plans
GREAT BASIN: Empery No Longer Owns Shares as of Dec. 31
HELIOS AND MATHESON: Will Issue $60 Million in Convertible Notes
HOVNANIAN ENTERPRISES: Faces Suit Over 'Inadequate' Disclosure
HOVNANIAN ENTERPRISES: Modifies Rights Agreement with Computershare

HUMANIGEN INC: Morgan Lam Resigns as Chief Scientific Officer
IMMC CORPORATION: Trustee's Bid to Transfer Suit to Pa. Court Nixed
INTERPACE DIAGNOSTICS: Empery Asset Has 4.9% Stake as of Dec. 31
JOURNAL-CHRONICLE CO: Wants to Continue Using Cash Collateral
KIKO USA: To Close Nearly All Stores & File Full-Payment Plan

KIKO USA: To Honor or Refund All Gift Cards
LEADVILLE CORPORATION: Creditors Seek Appointment of Ch. 11 Trustee
MRI INTERVENTIONS: Satterfield Has 5.8% Stake as of Dec. 31
NATIONAL EVENTS: Taly Not Aware of Ponzi Scheme, Examiner Says
NEPHROS INC: Wexford Capital Has 56.6% Stake as of Dec. 20

OUTSOURCING STORAGE: Unsecureds to Get 10% of Allowed Claim
PALADIN ENERGY: Disclosure Statement Has Conditional Court Approval
PETROQUEST ENERGY: MacKay Shields Has 7.18% Stake as of Dec. 31
PITTSBURGH PROPERTY: Filed Ch. 11 with Intent to Defraud, Ct. Finds
POINT.360: Needs More Time to Negotiate With Medley Opportunity

PORTER BANCORP: Estate of J. Chester Porter No Longer a Shareholder
PRITHVI CATALYTIC: Kyko Has No Standing in Suit vs Beyondsoft
RADIATE HOLDCO: Loan Upsize No Impact on Moody's B1 Loan Rating
RUBY TUESDAY: Terminates Registration of Common Stock
SABLE NATURAL: SEC Objects to 1st Amended Disclosure Statement

SAEXPLORATION HOLDINGS: Gets New $15.7M Tax Credit Certificates
SAQIB SIDDIQUI: Trustee Sought to Propose Confirmable Plan
SEARS HOLDINGS: Fairholme Capital Has 17.9% Stake as of Jan. 11
SOLBRIGHT GROUP: AIP Asset Has 29.64% Stake as of Jan. 2
STEINWAY MUSICAL: Moody's Hikes CFR to B3; Outlook Stable

TAUREN EXPLORATION: District Court Affirms Plan Confirmation
TEVA PHARMACEUTICAL: Moody's Lowers Senior Unsecured Rating to Ba2
THERMAGEM LLC: Trustee Sought to Investigate Dubious Transfer
TIMBERVIEW VETERINARY: Unsecureds to Get 5% of Allowed Claims
TOWERSTREAM CORP: Appoints New Chief Financial Officer

USI SERVICES: Jan. 18 Meeting Set to Form Creditors' Panel
WINDSTREAM HOLDINGS: S&P Rates $832MM Senior Unsecured Notes 'B-'
WORDSWORTH ACADEMY: Plan Apportions $400,000 for Unsecureds
[^] Large Companies with Insolvent Balance Sheet

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ACADIANA MANAGEMENT: PCO Files 3rd Interim Report for Edmond/Mercy
------------------------------------------------------------------
Susan N. Goodman, the patient care ombudsman for Acadiana
Management Group, LLC, submits her third interim report detailing
remote monitoring, site visit observations, and analyses of the
Debtor's operations in Edmond and Mercy/OKC.

Shortly after the PCO's Second Report, the Edmond facility closed
for patient care. Yet, because the Mercy location reportedly did
not independently meet all necessary Oklahoma Administrative Code
requirements for emergency services, limited administrative and
nursing staff reportedly remain at the Edmond location for
licensure purposes. The PCO did not verify that such staff remained
at Edmond given that patient care services ceased at that
location.

The PCO reports that OKC Mercy did not have physician wound
specialist coverage for ten of thirteen patients receiving wound
care services at the time of her visit. The specialist physician
who previously provided these services did not renew her contract
and ceased providing services for new patient admissions at the end
of November. While the specialist continued to provide limited
coverage for those patients who had been established with her
service, such coverage included only three patients.

In the interim, an experienced, but non-certified wound nurse was
attempting to coordinate continued wound care orders with the
hospitalist group that manages patients' medical needs. The level
of involvement by this group in wound care rounds was unclear.
However, when PCO interviewed one of these three hospitalists, he
quickly asserted that neither he or his partners were wound care
certified, indicating such coverage was meant to be stop-gap only
and would soon be ending in early January.

The PCO has received mixed feedback as to whether or not the
contractual termination had a connection to the bankruptcy process.
Certainly, some connection cannot be ruled out, and the tenuousness
of appropriate wound care coverage may quickly result in a material
compromise to care as contemplated by 11 U.S.C. Section 333(b).

The PCO contacted the former wound specialist physician to inquire
about immediate patient safety concerns. The physician expressed a
certain comfort level with the current wound nurse's skills.
However, she did not feel that the "back-up" non-certified wound
nurses could provide stop-gap coverage if the experienced wound
nurse departed. Accordingly, the PCO discussed with the site CEO
the need for a definitive solution by early January to ensure that
the wound nurse wasn't being asked to function outside of her scope
of practice.

Site leadership identified possible replacement physicians for
corporate leadership but denied having a definitive contracted
replacement solution at the time of PCO's visit. As such, the PCO
will circle back in early January to confirm that appropriate
physician wound coverage is secured or, alternatively, that patient
placement arrangements are made if the hospitalist team ceases to
provide coverage and/or the current wound nurse departs.

The Facility was full at the time of PCO's visit, with an
eleven-patient waiting list, but the PCO was able to five patients
and two family members. All those interviewed reported some measure
of feeling that the clinical staff was simply stretched too thin
relative to the high care needs for the type of patients in the
facility. However, feelings about the quality of the staff were
positive.

The PCO visited the facility on the night and day shifts. Each
nurse was assigned four to five patients with one nurse's aide
assisting the nursing team. With the charge nurse, staffing
appeared to be consistent with prior PCO visits, although the
number of full-care ventilator patients was higher than what was
witnessed on previous site visits.

While staff reported that additional Mercy resignations followed
the Edmond closure, the PCO also spoke to staff that were directly
affected by the Edmond closure, yet were filling in to assist with
holiday coverage on a PRN basis.

Clinical staff denied concerns with supplies or linens. Like other
facilities dealing with various national shortages in the wake of
the Puerto Rico Hurricane, the pharmacist reported multiple
pharmaceutical and fluid shortages. The most concerning one, given
current patient needs, is the national shortage of total parenteral
nutrition ("TPN") fluids. The PCO was satisfied that the facility
was actively engaged in managing the shortage with appropriate
patient care contingencies identified. Because of the Tulsa and
Edmond pharmacy closures, Mercy had some benefit through being able
to transfer other pharmaceuticals.

Additionally, the PCO had limited opportunity to interact with the
infection control professional. She did report, however,
improvement in housekeeping services with a new full-time
individual assigned to support the facility. The PCO did observe
this new team member working in the facility throughout the day,
donning appropriate protective equipment for isolation rooms.
However, census is greater than PCO's previous visits and Mercy
continued having only one team member assigned to provide all the
housekeeping services for patient rooms, common areas, and
offices.

The PCO will continue to engage with site leadership to confirm
that definitive wound-care physician coverage is secured. If a
bankruptcy plan is confirmed prior to this event, PCO will engage
with the state licensing.

A full-text copy of the PCO's Third Interim Report for Edmond and
Mercy/OKC is available at:

                http://bankrupt.com/misc/lawb17-50799-636.pdf

                       About Acadiana Management

Acadiana Management and several affiliates sought Chapter 11
bankruptcy protection (Bankr. W.D. La. Lead Case No. 17-50799) on
June 23, 2017.  The petitions were signed by August J. Rantz, IV,
president.  Acadiana Management estimated assets of less than
$50,000 and debt at $50 million and $100 million.

Judge Robert Summerhays presides over the cases.  Gold, Weems,
Bruser, Sues & Rundell, serves as the Debtors' bankruptcy counsel.

On July 28, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.

Susan Goodman was appointed as patient care ombudsman.


ACADIANA MANAGEMENT: PCO Files 3rd Interim Report for Las Vegas
---------------------------------------------------------------
Susan N. Goodman, the appointed patient care ombudsman for Acadiana
Management Group, LLC submits to the U.S. Bankruptcy Court for the
Western District of Louisiana her third interim report detailing
remote monitoring, follow-up, site visit, observations, and
analyses of AMG Specialty Hospital – Las Vegas.

The PCO did not observe patient care decline as contemplated by 11
U.S.C. Section 333(b). As noted in PCO's Second Report, the Vegas
location had been challenged with low census and patient feedback
that included specific feedback that the clinical staff was slow in
responding to patient call light requests for assistance.
Accordingly, the PCO focused on patient interviews this site visit
to gauge if any improvements were apparent given the process
improvement project that was implemented by Vegas leadership.

While visiting on day shift, the PCO did not directly observe call
light response delays. Reports of quality clinical staff care
(rated as "B" in a traditional school grade) were reported once
staff arrived. The Debtor's Leadership acknowledged the need for
continued dedication to the process improvement project that was
initiated after the second site visit that included administrative
rounds, education, and a new checklist to ensure that important
items were within the patient’s reach.

The PCO interacted with clinical, facilities, housekeeping (also
"EVS"), speech therapy, medical records, human resources, social
work, case management, admissions, and cook staff. No
bankruptcy-associated concerns were noted; and, no significant
operational concerns were noted. Incidental observations made
relative to medication administration and infection control
management were reported to the Debtor's Leadership for continued
follow-up and coaching. Of note, the delinquency rates tracked for
various medical record completion deadlines had improved
significantly as compared to those reviewed during PCO's last site
visit. The PCO met the case manager and admissions liaison, both
newly hired since PCO's last site visit. The PCO noted no
concerns.

The PCO noted a change in the staff "mood" as compared to the first
two site visits. With the improvement in census and length-of-stay
metrics, staff genuinely reported that the Facility was headed in a
positive direction and attributed these improvements to new
leadership. While staff remained anxious to have a date-certain
that the bankruptcy was "over," the previously expressed fear
surrounding Facility closure was not mentioned as it was during
previous site visits. To the contrary, tenured clinical staff was
training on peripherally inserted central catheter ("PICC line")
insertion so that this bedside procedure could be done more
quickly, when needed, by in-house clinical staff.

The PCO determines that the overall trajectory of the Vegas
Facility seemed to be improving. Staff morale and census numbers
improved significantly as compared to earlier PCO visits. While
improvements in call light response timeliness were difficult to
assess with the limited number of patient interviews, staff and
leadership seemed to openly embrace the position that additional
work was needed to continue to improve patient feedback. While a
confirmed bankruptcy plan is expected before a fourth site visit
would be necessary, PCO is comfortable maintaining a 60-day visit
schedule until a final plan is confirmed.

A full-text copy of the PCO's Third Interim Report for Las Vegas is
available at:

                  http://bankrupt.com/misc/lawb17-50799-603.pdf

                         About Acadiana Management

Acadiana Management and several affiliates sought Chapter 11
bankruptcy protection (Bankr. W.D. La. Lead Case No. 17-50799) on
June 23, 2017.  The petitions were signed by August J. Rantz, IV,
president.  Acadiana Management estimated assets of less than
$50,000 and debt at $50 million and $100 million.

Judge Robert Summerhays presides over the cases.  Gold, Weems,
Bruser, Sues & Rundell, serves as the Debtors' bankruptcy counsel.

On July 28, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.

Susan Goodman was appointed as patient care ombudsman.


ADAMS RESOURCES: AREI Will Get $3.2MM for Intercompany Claim
------------------------------------------------------------
Adams Resources Exploration Corporation filed with the U.S.
Bankruptcy Court for the District of Delaware a second amended
combined disclosure statement and plan of liquidation dated
December 13, 2017.

As of the Petition Date, the Debtor owed approximately $59.7
million to, Adams Resources & Energy, Inc. ("AREI") -- the Debtor's
parent and sole owner of the Old Equity Interests -- pursuant to
unsecured intercompany loans.  AREI funded these amounts over a
period of time to fund the Debtor's operating cash flow shortfalls
and necessary operating expenses through extended periods of
non-profitability.

Under the Plan, Class 5 consists of the allowed unsecured
Intercompany Claim of AREI in the amount of $59,685,388.

As soon as practicable after the Effective Date, the Holder of the
AREI Class 5 Claim will receive the Class 5 Distribution Fund in
the amount of $3,200,000. As soon as practicable after the date
that the Debtor's Defense Costs are paid and all asserted Class 4
Claims (other than the Texas Brine Claim) are Allowed or Disallowed
and all Allowed Class 4 Claims are paid, the Holder of the AREI
Allowed Claim will receive any amounts remaining in the Class 4
Distribution Fund. As soon as practicable after this Chapter 11
Case is closed, the Reorganized Debtor will distribute all
remaining cash and assign any other remaining assets to the Holder
of the Class 5 AREI Unsecured Claim or at AREI's option, abandon
any such remaining assets.

Class 5 is impaired under the Plan and the Holder of Class 5 Claim
is entitled to vote on the Plan.

The Plan Administrator will be selected by the Debtor in
consultation with AREI. The Plan Administrator, will be the sole
officer and director, and the Plan Administrator or his appointee
will be the sole equity holder of the Reorganized Debtor following
the Effective Date. The Debtor anticipates that it will appoint
John Riney, the Debtor's President, as Plan Administrator. On and
after the Effective Date, all assets of the Debtor and the Estate
will vest in the Reorganized Debtor.

A full-text copy of the Second Amended Combined Disclosure
Statement and Plan of Liquidation is available at:

            http://bankrupt.com/misc/deb17-10866-290.pdf

                      About Adams Resources

Houston, Texas-based Adams Resources Exploration Corporation --
http://www.adamsexploration.com-- is engaged in the development of
the Haynesville Shale in East Texas and now own interest in a large
number of producing dry gas wells. It also has interest in 405
wells and 131,236 gross developed acres in seven states.

Adams Resources filed for Chapter 11 bankruptcy protection (Bankr.
D. Del. Case No. 17-10866) on April 21, 2017, estimating assets
between $1 million and $10 million, and debt between $50 million
and $100 million.  The petition was signed by John Riney,
president.

Judge Kevin Gross presides over the case.

William A. Hazeltine, Esq., and D. Sullivan, Esq., at Sullivan
Hazeltine Allinson LLC, serve as the Debtor's bankruptcy counsel.
The Debtor hired Gavin/Solmonese, LLC, as chief restructuring
officer.

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

On May 23, 2017, the Court approved the retention of Oil & Gas
Asset Clearinghouse, LLC, as the Debtor's broker.


ALEXIS SANTOS: DOJ Watchdog to Determine the Necessity of PCO
-------------------------------------------------------------
Judge Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico has issued an order directing the U.S.
Trustee to determine the necessity for appointment of a patient
care ombudsman in the bankruptcy case of Alexis Santos Serafin
Torres Torres because the petition filed by the Debtor reflects
that this is a "health care business" case.

Alexis Santos Serafin Torres Torres filed a chapter 11 petition
(Bankr. D.P.R. Case No. 17-07266) on December 13, 2017. The Debtor
is represented by Carlos A Ruiz Rodriguez, Esq.


ALLY FINANCIAL: Declares Dividend on Common Stock
-------------------------------------------------
The Board of Directors of Ally Financial Inc. (NYSE: ALLY) declared
a quarterly cash dividend of $0.13 per share of the company's
common stock, payable on Feb. 15, 2018 to shareholders of record on
Feb. 1, 2018.  Consistent with the company's 2017 CCAR capital
plan, the dividend reflects a $0.01 per share increase relative to
Ally's prior quarterly cash dividend.

                     About Ally Financial

Ally Financial Inc. (NYSE: ALLY), formerly GMAC Inc., is a digital
financial services company and a top 25 U.S. financial holding
company offering financial products for consumers, businesses,
automotive dealers and corporate clients.  Ally's legacy dates back
to 1919, and the company was redesigned in 2009 with a distinctive
brand, innovative approach and relentless focus on its customers.
Ally has an award-winning online bank (Ally Bank Member FDIC and
Equal Housing Lender), which offers deposit, mortgage and credit
card products, one of the largest full service auto finance
operations in the country, a complementary auto-focused insurance
business, a growing digital wealth management and online brokerage
platform, and a trusted corporate finance business offering capital
for equity sponsors and middle-market companies.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake while allowing private equity
firm Cerberus Capital Management LP to keep 14.9 percent, and
General Motors Co. owning 6.7 percent.  

Ally reported net income of $1.1 billion for the year ended Dec.
31, 2016, compared to net income of $1.28 billion for the year
ended Dec. 31, 2015.  The Company's balance sheet as of Sept. 30,
2017, showed $164.01 billion in total assets, $150.44 billion in
total liabilities and $13.57 billion in total equity.


ALTICE USA: S&P Lowers Proposed Secured Debt Rating to 'BB-'
------------------------------------------------------------
S&P Global Ratings corrected errors by revising its recovery rating
on Altice USA Inc. subsidiary CSC Holding LLC's proposed secured
debt to '2' from '1' and lowering the issue rating to 'BB-' from
'BB', in line with its notching guidelines for a '2' recovery
rating.

The prior rating was based on an error that assumed the secured
credit facilities' claims ranked ahead of claims on the company's
existing and proposed guaranteed notes. S&P said, "The prior rating
was also based on an error in our assumption as to the percentage
of earnings attributable to subsidiary guarantors. The correction
of the errors brings the ratings on the company's credit facilities
in line with the ratings on the company's unsecured guaranteed
notes, which, in our view, effectively rank pari passu with regard
to the majority of value in a simulated default. This is because
the notes carry guarantees by the majority of operating
subsidiaries whereas collateral for the secured credit facilities
consists of a pledge of the capital stock of material domestic
operating subsidiaries. In a default scenario this collateral, in
our view, would not provide secured lenders with incremental value
relative to the guaranteed unsecured claims. The '2' recovery
rating indicates our expectation for substantial recovery (70%-90%;
rounded estimate: 75%)."

The company also has announced plans to upsize the total amount of
secured and guaranteed debt to $2.5 billion from $1.0 billion to
repay unsecured notes issued at CSC Holdings LLC coming due in
2018. This does not have an impact on S&P's ratings and is
incorporated in its recovery analysis below.

RECOVERY ANALYSIS

Highlights

-- All consolidated debt is issued by subsidiaries at Cablevision
and Cequel Communications, not at the Altice USA level.

-- S&P analyzes recovery prospects for Cablevision and Cequel
separately, as there are no cross-default provisions or
cross-guarantees from either subsidiary and there is no excess
value flowing in either direction, based on its assumptions.

Key analytical factors

-- S&P's default scenario at Cablevision contemplates a default
resulting from a revenue decline in its cable operations as a
result of accelerated pricing pressure and competition, primarily
from Verizon Communications Inc.'s FiOS triple-play service.
Increased price-based competition in the company's existing
markets, lower revenues per customer, and a reduced subscriber base
would result in a decline in simulated EBITDA to a level below the
minimum required to service Cablevision's fixed charges
(principally interest expense, capital expenditures, and scheduled
debt amortization).

-- S&P said, "We believe that if Cablevision defaulted, it would
retain a viable business model, fueled by continued demand for
cable TV, data, and voice services, in addition to the strong
demographics of its service territory and well-clustered
operations. Therefore, we believe that lenders would achieve the
greatest recovery value through a reorganization of the borrower
rather than through liquidation. We have valued the company at 6x
emergence EBITDA, compared with the 7x multiple we use for Cequel
Communications (which operates in a less competitive market) and
Charter Communications (which has greater scale and footprint)."

-- Other assumptions at default include the revolving facility
being 85% drawn, a rise in LIBOR to 2.5%, a rise in the spread on
the revolving facility to 5% as covenant amendments are obtained,
and all debt having six months of prepetition interest.

-- S&P has corrected its obligor/nonobligor percentage of earnings
split assumption to 90%/10% from 100%/0% following receipt of
additional information from the company.

Recovery method

-- EBITDA multiple valuation

Recovery waterfall

-- Simulated year of default: 2022
-- Emergence EBITDA: $1.4 bil.
-- Multiple: 6x
-- Gross recovery value: $8.5 bil.
-- Net recovery value for waterfall after admin. expenses 5%: $8.1
bil.
-- Obligor/non obligor valuation split: 90%/10%
-- Estimated secured credit facility and guaranteed notes claims:
$9.8 bil.
-- Value available for secured credit facility and guaranteed
notes claims: $7.5 bil
-- Recovery rating: 2
-- Rounded recovery percentage: 75%
-- Estimated senior unsecured notes claim:  $6 bil.
-- Estimated senior deficiency claim: $2.5 bil.
-- Unpledged value available to unsecured notes and deficiency   
claims: $800 mil.
-- Recovery rating: 6
-- Rounded recovery percentage: 5%
-- Value available for subordinated claims: $0
-- Recovery rating: 6
-- Rounded recovery percentage: 0%

RATINGS LIST
  Altice USA Inc.

  Corporate Credit Rating          B+/Positive

  Ratings Lowered; Recovery Ratings Revised

  CSC Holding LLC
                                   To         From

  Senior Secured                   BB-        BB
   Recovery Rating                 2(75%)     1(95%)

  Ratings Unchanged; Recovery Expectations Revised

  Senior Unsecured                 BB-        BB-
   Recovery Rating                 2(75%)     2(85%)

  Senior Unsecured                 B-         B-
   Recovery Rating                 6(5%)      6(0%)


AMPLIPHI BIOSCIENCES: Will Receive $3.5M from Stock Offering
------------------------------------------------------------
AmpliPhi Biosciences Corporation announced on Jan. 10, 2018, that
it intends to offer shares of its common stock in a public
offering.

H.C. Wainwright & Co., LLC is acting as the placement agent for the
offering.  The offering is being conducted as a "best efforts"
offering and the placement agent is not obligated to purchase any
securities.

AmpliPhi intends to use the net proceeds from the offering for
general corporate purposes, including manufacturing expenses,
clinical trial expenses, research and development expenses and
general and administrative expenses.

The offering is subject to market conditions, and there can be no
assurance as to whether or when the offering may be completed, or
as to the actual size or terms of the offering.

On Jan. 12, 2018, the Company completed the closing of its public
offering of 4,000,000 shares of common stock at a price of $1.00
per share.  In connection with the offering, the Company entered
into securities purchase agreements with certain institutional
investors in the offering.  The net proceeds to the Company from
the offering are expected to be approximately $3.5 million, after
deducting placement agent fees and estimated offering expenses
payable by it.

The securities are being offered by AmpliPhi pursuant to a shelf
registration statement (File No. 333-210974) previously filed and
declared effective by the Securities and Exchange Commission on May
13, 2016.  A preliminary prospectus supplement and accompanying
prospectus relating to the offering will be filed with the SEC.
When available, electronic copies of the preliminary prospectus
supplement and the accompanying prospectus relating to this
offering may be obtained from H.C. Wainwright & Co., LLC by
e-mailing placements@hcwco.com or by calling (646) 975-6996, or by
accessing the SEC's website at www.sec.gov.

                 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.


ANDREW N. LAVIGNE: P. Levine Appointed as Chapter 11 Trustee
------------------------------------------------------------
William K. Harrington, the U.S. Trustee for Region 2, has appointed
Paul A. Levine as Chapter 11 trustee of the estate of Andrew N.
Lavigne.

                  Paul A. Levine, Esq.
                  50 Beaver, 2nd Floor
                  Albany, New York 12207

The Chapter 11 trustee bond is initially set at $120,000. The bond
may require adjustment as the Chapter 11 trustee collects and
liquidates assets of the Debtor's estate. The trustee is directed
to inform the United States Trustee when changes to the bond amount
are required or made.

Attorney for the U.S. Trustee:

            Guy A. Van Baalen, Esq.
            Assistant U.S. Trustee
            U.S. Department of Justice
            Office of the United States Trustee
            U.S. Courthouse and Federal Building
            10 Broad Street, Room 105
            Utica, NY 13501

The case is In re Andrew N. Lavigne, Case No. 06-30090, (Bankr.
N.D.N.Y.).


AUTHENTIDATE HOLDING: Appoints CMO of Anatomic Pathology Business
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Aeon Global Health has appointed Armando Moncada, MD, FCAP, to the
position of chief medical officer of its Anatomic Pathology
business line.  Dr. Moncada has more than 20 years' experience in
the pathology field, the last ten of which he served as chief
medical officer of PCG Molecular.  He has expertise in the fields
of gynecologic, breast, and head and neck pathology and
cytopathology as well as in molecular pathology and oropharyngeal
and cervical cancer genomics.

"It is with great pleasure that we welcome Dr. Moncada to our
leadership team," said Sonny Roshan, Chairman and CEO of Aeon
Global Health.  "He has built an impressive reputation for his work
in actionable molecular and genetic information related to an
individual's risk for developing cancer.  We are confident that
this will serve Aeon well as we continue to build a world-class
medical information company."

"Dr. Moncada will provide important guidance and advice as we
expand into the anatomic pathology field.  By adding targeted
assays based on his expertise, we believe that Aeon can emerge with
a menu that will augment our outcomes-based assays that are the
hallmark of today's healthcare environment."

Dr. Moncada is a Board Certified pathologist by the American Board
of Pathology and served as the chief medical officer of PCG
Molecular, LLC.  He trained in pathology while attending Tulane
University School of Medicine in New Orleans, Louisiana followed by
a fellowship in oncopathology at City of Hope Medical Center in
Duarte, California.  Upon completing his fellowship, Dr. Moncada
served as medical director of large hospital systems in Texas and
New Mexico.  He was then given an appointment as Assistant
Professor of Pathology at Baylor College of Medicine in Houston.

Dr. Moncada is a fellow and/or active member of the following
professional organizations: American Medical Association, College
of American Pathologists, American Society for Clinical Pathology,
American College of Physician Executives, and Association for
Molecular Pathology.

In addition, Dr. Moncada is an experienced College of American
Pathologists inspector who served as the State Commissioner for the
College of American Pathologists in New Mexico where he was
responsible for the laboratory accreditation program for both
clinical and pathology medical laboratories.  He continues to serve
as a CAP inspector for the College of American Pathologists and
understands the changing needs of the medical community and
laboratory industry.  Dr. Moncada also has a special interest in
the laboratory industry and healthcare administration.

In addition, Aeon Global Health announced that it intends to
acquire certain intellectual property assets from PCG Molecular,
LLC, a genetics and molecular informatics company that has
developed proprietary testing for screening for oropharyngeal
carcinoma and related infectious diseases.  Dr. Moncada is the
controlling officer of PCG Molecular.  Among the assays developed
by PCG are MOP -- a multiplex-based molecular assay for the
identification of a number of extra-genital sexually transmitted
diseases from samples taken in the oral cavity; Bella One Pap, a
comprehensive molecular cervical based test that identifies both
cervical cancer risk as well as infectious agents from a single
sample; and MAP-Molecular Anal Pap, a genetic assay for the
identification of anal cancer risk and related sexually transmitted
diseases.  Completion of this transaction is subject to the
negotiation and execution of a definitive assignment agreement and
customary conditions.  Accordingly, there can be no assurance that
a definitive agreement will be reached by the parties.

Pursuant to a consulting agreement dated Jan. 4, 2018, Dr. Moncada
will serve as CMO for a term expiring Dec. 31, 2020.  The Company
agreed to pay Dr. Moncada the following consulting fees: (i) an
amount of $40,000 upon the execution of the agreement, (ii) the sum
of $25,000 per month, commencing Feb. 1, 2018, and (iii) an
additional sum of $40,000 on or about Jan. 15, 2019 and Jan. 15,
2020.  Further, the Company agreed to grant the Consultant 280,000
restricted stock units pursuant to its 2011 Omnibus Equity
Incentive Plan, which RSUs will vest in the event that the
Consultant remains engaged by the Company to the end of the term of
the Consulting Agreement and subject to the achievement of certain
performance criteria and the approval of the Company's shareholders
of an amendment to the Plan to increase the number of shares of
common stock available for awards to be issued thereunder.

Aeon Global Health (Aeon), the operating arm of Authentidate
Holding Corp., is a provider of clinically actionable medical
informatics.  Founded in 2011, Aeon is focused on the delivery of
services that exceed federal standards for quality and industry
standards for turn-around time.  Operating out of a 30,000 square
foot facility built to FDA standards in suburban Atlanta, the
Company provides a comprehensive menu of diagnostic and laboratory-
developed tests as well as interpretative data for a wide range of
inherited conditions.

                      About Authentidate

Authentidate Holding Corp. and its subsidiaries --
http://www.authentidate.com/-- primarily provide clinical testing
services to health care professionals through its wholly owned
subsidiary, Peachstate Health Management, LLC d/b/a AEON Clinical
Laboratories.  AHC also continues to provide its legacy secure
web-based revenue cycle management applications and telehealth
products and services that enable healthcare organizations to
increase revenues, improve productivity, reduce costs, coordinate
care for patients and enhance related administrative and clinical
workflows and compliance with regulatory requirements.  Web-based
services are delivered as Software as a Service (SaaS) to its
customers interfacing seamlessly with billing, information and
records management systems.  The Company is based in Gainesville,
Georgia.

Authentidate Holding reported a net loss of $32.07 million on
$20.19 million of total net revenues for the year ended June 30,
2017, compared to net income of $5.26 million on $34.57 million of
total net revenues for the year ended June 30, 2016.  As of Sept.
30, 2017, Authentidate had $15.85 million in total assets, $8.87
million in total liabilities and $6.98 million in total
shareholders' equity.

The Company's independent accounting firm IsnerAmper LLP in Iselin,
New Jersey, issued a "going concern" opinion in its report on the
consolidated financial statements for the year ended June 30, 2017,
noting that the Company has a working capital deficit and its
capital requirements have been and will continue to be significant,
which raise substantial doubt about its ability to continue as a
going concern.


BILL BARRETT: Franklin Resources Has 10.8% Stake as of Dec. 31
--------------------------------------------------------------
Franklin Resources, Inc., Charles B. Johnson, Rupert H. Johnson,
Jr. and Franklin Advisers, Inc. reported to the Securities and
Exchange Commission that as of Dec. 31, 2017, they beneficially own
10,500,000 shares of common stock of Bill Barrett Corporation,
constituting 10.8 percent of the shares outstanding.

Charles B. Johnson and Rupert H. Johnson, Jr. each own in excess of
10% of the outstanding common stock of FRI and are the principal
stockholders of FRI.  FRI and the Principal Shareholders may be
deemed to be, for purposes of Rule 13d-3 under the Act, the
beneficial owners of securities held by persons and entities for
whom or for which FRI subsidiaries provide investment management
services.  

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

                      https://is.gd/IyHjGo

                      About Bill Barrett

Bill Barrett Corporation (NYSE: BBG), headquartered in Denver,
Colorado -- http://www.billbarrettcorp.com/-- is an independent
energy company that develops, acquires and explores for oil and
natural gas resources.  All of its assets and operations are
located in the Rocky Mountain region of the United States.

Bill Barrett reported a net loss of $170.4 million on $178.8
million of total operating revenues for the year ended Dec. 31,
2016, compared to a net loss of $487.8 million on $207.9 million of
total operating revenues for the year ended Dec. 31, 2015.  As of
Sept. 30, 2017, the Company had $1.33 billion in total assets,
$815.49 million in total liabilities and $515.01 million in total
stockholders' equity.

                           *    *    *

In April 2017, Moody's Investors Service upgraded Bill Barrett's
Corporate Family Rating (CFR) to 'Caa1' from 'Caa2' and its
existing senior unsecured notes' ratings to 'Caa2' from 'Caa3'.
"The upgrade of Bill Barrett's ratings is driven by the reduction
of default risk supported by the company's large cash balance and
improved debt maturity profile," said Prateek Reddy, Moody's lead
analyst.  "The company's credit metrics are likely to soften in
2017 because of the roll off of higher priced hedges, but the
metrics should strengthen along with production growth in 2018."


BIOSTAGE INC: DST Capital Has 49.9% Stake as of Dec. 27
-------------------------------------------------------
DST Capital LLC and Bin Zhao disclosed in a Schedule 13D filed with
the Securities and Exchange Commission that as of Dec. 27, 2017,
they beneficially own 500,000 shares of common stock, 1,500,000
shares of common stock issuable upon conversion of preferred stock,
and 2,340,000 shares of common stock issuable upon exercise of
warrants of Biostage Inc., constituting 49.99 percent of the shares
outstanding.

Biostage entered into a binding Memorandum of Understanding with
Bin Zhao on Dec. 14, 2017, pursuant to which Biostage was bound to
issue to DST Capital, LLC, Polyvia LLC, Jing Chen, Jiong Shao, and
Bin Zhao in a private placement shares of its common stock at a
purchase price of $2.00 per share or, to the extent the Reporting
Persons, following the transaction, would collectively own more
than 49.99% of the Issuer's common stock, shares of Series D
Convertible Preferred Stock of the Issuer with a per-share purchase
price of $1,000 . Additionally, in accordance with the binding MOU,
the Reporting Persons would receive warrants to purchase shares of
the Issuer's common stock (or, to the extent the Reporting Persons
would own more than 49.99% of the Issuer’s common stock, shares
of Preferred Stock).

To further evidence the binding obligations of the MOU and
effectuate the Private Placement thereunder, the Issuer entered
into a Securities Purchase Agreement effective as of Dec. 27, 2017
with the Reporting Persons, and closed the Private Placement
simultaneously with the effectiveness of the Purchase Agreement. In
accordance with the MOU and the Purchase Agreement, the Issuer
issued to the Reporting Persons (i) 518,000 shares of the Issuer's
common stock, par value $0.01 per share, (ii) 3,108 shares of
Series D Convertible Preferred Stock, and (ii) warrants to purchase
3,108,000 shares of Common Stock, of which Bin Zhao concurrently
assigned warrants to purchase 540,000 shares of Common Stock to
persons who are not Reporting Persons or parties to the Purchase
Agreement.

The Warrants have an exercise price of $2.00 per share, subject to
adjustments as provided under the terms of the Warrants, and are
immediately exercisable.  The Warrants are exercisable for five
years from the issuance date.

The Preferred Stock ranks on parity to the Common Stock, and is
entitled to vote on any matters to which shares of the Common Stock
are entitled to vote, on an as-if-converted basis.  The Preferred
Stock includes an ownership limitation that limits the Reporting
Persons and their affiliates to owning no more than 49.99% of the
Common Stock.

In connection with the Private Placement, the Issuer agreed to
grant board representation and nomination rights to the Reporting
Persons and their affiliates, such that the director nominees of
the Reporting Persons will constitute a majority of the Issuer's
board of directors, but no more than is necessary to constitute
such a majority.

The working capital of DST Capital LLC and Polyvia LLC and the
personal funds of Jing Chen and Jiong Shao was the source of the
funds for the purchase of the Common Stock, Preferred Stock and
Warrants.  No part of the purchase price of the securities was
represented by funds or other consideration borrowed or otherwise
obtained for the purpose of acquiring, holding, trading, or voting
the securities.

Pursuant to the Private Placement, the Reporting Persons acquired a
majority of the voting power of the Issuer, and have the right to
nominate a majority of the members of the Issuer's board of
directors.  The Reporting Persons, together with the Issuer, intend
to establish a Chinese subsidiary of the Issuer to potentially
access the Chinese market for the Issuer's product candidates.  The
Reporting Persons acquired the securities for strategic investment
purposes. Depending on market conditions, their continuing
evaluation of the business and prospects of the Issuer and other
factors, the Reporting Persons may dispose of or acquire additional
shares of the Issuer.

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

                   https://is.gd/AFGBL6

                       About Biostage

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

Biostage reported a net loss of $11.57 million for the year ended
Dec. 31, 2016, compared to a net loss of $11.70 million for the
year ended Dec. 31, 2015.  The Company's balance sheet as of Sept.
30, 2017, showed $2.55 million in total assets, $2.07 million in
total liabilities and $477,000 in total stockholders' equity.

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


BLINK CHARGING: Amends 4.6 Million Units Prospectus with SEC
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Blink Charging Co. has filed an amendment to its firm commitment
public offering of 4,600,000 units, each unit consisting of one
share of our common stock, $0.001 par value per share, and one
warrant to purchase one share of Common Stock, of Blink Charging
Co., based on the last reported price of the Common Stock as
reported on the OTC Pink Current Information Marketplace on Dec.
28, 2017, which was $5.00 per share.  The warrants included within
the units are exercisable immediately and expire five years from
the date of issuance.

The units will not be issued or certificated.  Purchasers will
receive only shares of Common Stock and warrants.  The shares of
Common Stock and warrants may be transferred separately,
immediately upon issuance.  The offering also includes the shares
of Common Stock issuable from time to time upon exercise of the
warrants.

Blink Charging's Common Stock is presently quoted on the OTC Pink
Current Information Marketplace under the symbol "CCGI".  The last
reported sales price for the Company's Common Stock as reported on
the OTC Pink Current Information Marketplace on Jan. 9, 2018 was
$4.78.  The Company has applied to have its Common Stock and
warrants listed on The NASDAQ Capital Market under the symbols
"BLNK" and "BLNKW," respectively.  No assurance can be given that
our application will be approved.  There is no established public
trading market for the warrants.  No assurance can be given that a
trading market will develop for the warrants.

A full-text copy of the amended prospectus is available for free at
https://is.gd/ffk7Ep

                    About Blink Charging Co.

Based in Miami Beach, Florida, Blink Charging Co. (OTC: CCGID),
formerly known as Car Charging Group, Inc., is a national
manufacturer of public electric vehicle (EV) charging equipment,
enabling EV drivers to easily charge at locations throughout the
United States.  Headquartered in Florida with offices in Arizona
and California, Blink Charging's business is designed to accelerate
EV adoption.  Blink Charging offers EV charging equipment and
connectivity to the Blink Network, a cloud-based software that
operates, manages, and tracks the Blink EV charging stations and
all the associated data.  Blink Charging also has strategic
property partners across multiple business sectors including
multifamily residential and commercial properties, airports,
colleges, municipalities, parking garages, shopping malls, retail
parking, schools, and workplaces.

The Company's name change to Blink Charging from Car Charging
Group, Inc., integrates the Company's largest operating entity,
Blink Network, and represents the thousands of Blink EV charging
stations that the Company owns and/or operates, and the Blink
network, the software that manages, monitors, and tracks the Blink
EV stations and all its charging data.

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

As of Sept. 30, 2017, Blink Charging had $1.90 million in total
assets, $67.79 million in total liabilities, $825,000 in series B
convertible preferred stock, and a $66.71 million total
stockholders' deficiency.

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 incurred net losses since
inception and needs to raise additional funds to meet its
obligations and sustain its operations.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.



BLINK CHARGING: Amends Prospectus on Proposed 4.6M Units Sale
-------------------------------------------------------------
Blink Charging Co. filed with the Securities and Exchange
Commission an amended Form S-1 registration statement relating to a
firm commitment public offering of 4,600,000 units, each unit
consisting of one share of its common stock, $0.001 par value per
share, and one warrant to purchase one share of Common Stock, of
Blink Charging Co., based on the last reported price of the Common
Stock as reported on the OTC Pink Current Information Marketplace
on Dec. 28, 2017, which was $5.00 per share.  The warrants included
within the units are exercisable immediately, have an exercise
price of $____ per share, 150% of the public offering price of one
unit, and expire five years from the date of issuance.

The units will not be issued or certificated.  Purchasers will
receive only shares of Common Stock and warrants.  The shares of
Common Stock and warrants may be transferred separately,
immediately upon issuance.  The offering also includes the shares
of Common Stock issuable from time to time upon exercise of the
warrants.

The Company's Common Stock is presently quoted on the OTC Pink
Current Information Marketplace under the symbol "CCGI".  The last
reported sales price for the Company's Common Stock as reported on
the OTC Pink Current Information Marketplace on Jan. 10, 2018 was
$5.25.  The Company has applied to have its Common Stock and
warrants listed on The NASDAQ Capital Market under the symbols
"BLNK" and "BLNKW," respectively.  No assurance can be given that
its application will be approved.  There is no established public
trading market for the warrants.  No assurance can be given that a
trading market will develop for the warrants.

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

                     https://is.gd/eHNBXj

                    About Blink Charging Co.

Based in Miami Beach, Florida, Blink Charging Co. (OTC: CCGID),
formerly known as Car Charging Group, Inc., is a national
manufacturer of public electric vehicle (EV) charging equipment,
enabling EV drivers to easily charge at locations throughout the
United States.  Headquartered in Florida with offices in Arizona
and California, Blink Charging's business is designed to accelerate
EV adoption.  Blink Charging offers EV charging equipment and
connectivity to the Blink Network, a cloud-based software that
operates, manages, and tracks the Blink EV charging stations and
all the associated data.  Blink Charging also has strategic
property partners across multiple business sectors including
multifamily residential and commercial properties, airports,
colleges, municipalities, parking garages, shopping malls, retail
parking, schools, and workplaces.

The Company's name change to Blink Charging from Car Charging
Group, Inc., integrates the Company's largest operating entity,
Blink Network, and represents the thousands of Blink EV charging
stations that the Company owns and/or operates, and the Blink
network, the software that manages, monitors, and tracks the Blink
EV stations and all its charging data.

Car Charging reported a net loss attributable to common
shareholders of $9.16 million for the year ended Dec. 31, 2016,
compared with a net loss attributable to common shareholders of
$9.58 million for the year ended Dec. 31, 2015.  As of Sept. 30,
2017, Blink Charging had $1.90 million in total assets, $67.79
million in total liabilities, $825,000 in series B convertible
preferred stock, and a $66.71 million total stockholders'
deficiency.

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 incurred net losses since
inception and needs to raise additional funds to meet its
obligations and sustain its operations.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.



CAMBER ENERGY: Appoints Fred Zeidman as Director
------------------------------------------------
The Board of Directors of Camber Energy, Inc., has appointed Fred
S. Zeidman as a member of the Board of Directors of the Company
effective Jan. 11, 2018.  Mr. Zeidman, age 71, previously served as
a member of the Board of Directors of the Company from June 24,
2013 to May 15, 2017 and as Chairman of the Board of Directors of
the Company from May 16, 2017 to Aug. 7, 2017.

The Board of Directors determined that Mr. Zeidman was
"independent" as defined in Section 803(A) of the NYSE American
Company Guide.

Additionally, Mr. Zeidman was appointed as a member of the Audit
Committee, Compensation Committee and Nominating and Corporate
Governance Committee of the Company.

Mr. Zeidman is not party to any material plan, contract or
arrangement (whether or not written) with the Company and there are
no arrangements or understandings between Mr. Zeidman and any other
person pursuant to which he was selected to serve as a director of
the Company, nor is he a participant in any related party
transaction required to be reported pursuant to Item 404(a) of
Regulation S-K.

In December 2014, Mr. Zeidman was appointed as Chairman of Gordian
Group LLC, a U.S. investment bank specializing in board level
advice in complex, distressed or "story" financial matters.  Mr.
Zeidman currently serves as director of External Affairs of MCNA
Dental, lead Director of Straight Path Communications, Inc.,
Director REMA and Director Prosperity Bank in Houston.  He was
formerly restructuring officer of TransMeridian Exploration Inc.
and Chief Bankruptcy Trustee of AremisSoft Corp.

Mr. Zeidman, Chairman Emeritus of the United States Holocaust
Memorial Council was appointed by president George W. Bush in March
2002 and served in that position from 2002-2010.  A prominent
Houston based business and civic leader, Mr. Zeidman also is
Chairman Emeritus of the University of Texas Health Science System
Houston and Director and Chief Financial Officer of the Texas Heart
Institute.  He is on the board of the Development Corp of Israel
(Israel Bonds) and served on the Board of the National World War II
Museum.

Over the course of his distinguished 50 year career, Mr. Zeidman
has been involved in numerous high-profile workouts, restructurings
and reorganizations.  He was former CEO, president and Chairman of
Seitel, Inc., a Houston-based provider where he was instrumental in
the successful turnaround of the Company.  He held the post of
Chairman of the Board and CEO of Unibar Corporation, the largest
domestic independent drilling fluids company, until its sale to
Anchor Drilling Fluids in 1992.

Mr. Zeidman holds a Bachelor's degree from Washington University in
St. Louis and a Master's in Business Administration from New York
University.

The Board of Directors believes that Mr. Zeidman is highly
qualified to serve as a member of the Board due to his significant
experience serving as a director of public and private companies
and institutions and his substantial understanding of the oil and
gas industry in general.

                       About Camber Energy

Based in San Antonio, Texas, Camber Energy, Inc. (NYSE American:
CEI) -- http://www.camber.energy.com/-- is a growth-oriented,
independent oil and gas company engaged in the development of crude
oil, natural gas and natural gas liquids in the Hunton formation in
Central Oklahoma in addition to anticipated project development in
the San Andres formation in the Permian Basin.

Lucas Energy changed its name to Camber Energy, Inc., effective
Jan. 5, 2017, to  more accurately reflect the Company's strategic
shift from its Austin Chalk and Eagleford roots to an expanding
addition of shallow oil and gas reserves with longer-lived,
lower-risk production profiles.

Camber reported a net loss of $89.12 million on $5.30 million of
total net operating revenues for the year ended March 31, 2017,
compared to a net loss of $25.44 million on $968,146 of total net
operating revenues for the year ended March 31, 2016.  As of  Sept.
30, 2017, Camber Energy had $34.49 million in total assets, $53.96
million in total liabilities and a total stockholders' deficit of
$19.47 million.

GBH CPAs, PC -- http://www.gbhcpas.com/-- in Houston, Texas,
issued a "going concern" opinion on the consolidated financial
statements for the year ended March 31, 2017, citing that the
Company has incurred significant losses from operations and had a
working capital deficit at March 31, 2017.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


CAMBER ENERGY: Increases Authorized Common Stock to 500M Shares
---------------------------------------------------------------
Effective on Jan. 10, 2018, Camber Energy, Inc. filed with the
Secretary of State of Nevada a Certificate of Amendment to the
Company's Articles of Incorporation to increase the number of the
Company's authorized shares of common stock, $0.001 per value per
share, from 200,000,000 shares to 500,000,000 shares.  The
Amendment was previously approved by the Company's stockholders at
the 2018 annual meeting of stockholders held on Jan. 9, 2018, as
reported in the Current Report on Form 8-K filed with the
Securities and Exchange Commission on Jan. 10, 2018.

                      About Camber Energy

Based in San Antonio, Texas, Camber Energy, Inc. (NYSE American:
CEI) -- http://www.camber.energy.com/-- is a growth-oriented,
independent oil and gas company engaged in the development of crude
oil, natural gas and natural gas liquids in the Hunton formation in
Central Oklahoma in addition to anticipated project development in
the San Andres formation in the Permian Basin.

Lucas Energy changed its name to Camber Energy, Inc., effective
Jan. 5, 2017, to  more accurately reflect the Company's strategic
shift from its Austin Chalk and Eagleford roots to an expanding
addition of shallow oil and gas reserves with longer-lived,
lower-risk production profiles.

Camber reported a net loss of $89.12 million on $5.30 million of
total net operating revenues for the year ended March 31, 2017,
compared to a net loss of $25.44 million on $968,146 of total net
operating revenues for the year ended March 31, 2016.  As of  Sept.
30, 2017, Camber Energy had $34.49 million in total assets, $53.96
million in total liabilities and a total stockholders' deficit of
$19.47 million.

GBH CPAs, PC -- http://www.gbhcpas.com/-- in Houston, Texas,
issued a "going concern" opinion on the consolidated financial
statements for the year ended March 31, 2017, citing that the
Company has incurred significant losses from operations and had a
working capital deficit at March 31, 2017.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


CAMBER ENERGY: Receives Shareholder Support in Turnaround Effort
----------------------------------------------------------------
Camber Energy, Inc., announced the results from the Company's
annual shareholder meeting held on Jan. 9, 2018.  The Company's
shareholders voted to approve all seven proposals put forth by the
Company's management and board of directors.  The two most
significant proposals will enable the Company to (a) effect a
reverse stock split of its outstanding common stock and (b) file a
Certificate of Amendment to the Company's Articles of Incorporation
to increase the number of authorized shares of common stock
available for future issuances.  The reverse split, if approved by
the board of directors in its sole discretion, will increase the
per-share price of the Company's stock, which is a necessary
prerequisite of Camber's plan to regain compliance with the
additional listing requirements of the NYSE American. Additionally,
by increasing the number of shares of common stock available for
future issuances, Camber will be able to receive ongoing financing
under the Series C Preferred Stock purchase agreement previously
disclosed.  The future financing proceeds will be used (in part),
assuming received under the purchase agreement, for initiatives
that are expected to directly drive revenue, such as acquiring
additional reserves and reworking the Company's existing oil and
gas producing assets.

"I want to personally thank all of our shareholders for their
ongoing support," said Chief Executive Officer Richard N. Azar II.
"We are working diligently to regain your trust and confidence.  To
date, our turnaround efforts have been successful, and we believe
that ratifying these measures gives our team of industry veterans
the tools we need to continue revitalizing our business."

Since Mr. Azar took over the position of CEO last June, the Company
has re-worked six down wells which are now oil-producing, worked to
shore up its balance sheet by selling non-producing assets, secured
up to an additional $16 million in financing, and submitted a plan
for continued listing of the Company's common stock to the NYSE
American, which was accepted by the exchange.  Effective on Jan. 9,
2018, the Board of Directors of Camber Energy removed the "Interim"
designation on Mr. Richard N. Azar II's title as chief executive
officer of the Company and appointed him as the chief executive
officer and secretary of the Company.  On the same date, the Board
of Directors re-appointed Mr. Robert Schleizer as the chief
financial officer of the Company and also appointed Mr. Schleizer
as treasurer of the Company.

The Board of Directors further appointed Mr. Donnie B. Seay, the
only independent member of the Company's Board of Directors, as
Chairman and sole member of the Company's Audit Committee;
Compensation Committee; and Nominating and Governance Committee.

Each of Richard N. Azar II, Robert Schleizer and Donnie B. Seay
were appointed to the Board of Directors by a plurality of the
votes cast.

                     About Camber Energy

Based in San Antonio, Texas, Camber Energy, Inc. (NYSE American:
CEI) -- http://www.camber.energy.com/-- is a growth-oriented,
independent oil and gas company engaged in the development of crude
oil, natural gas and natural gas liquids in the Hunton formation in
Central Oklahoma in addition to anticipated project development in
the San Andres formation in the Permian Basin.

Lucas Energy changed its name to Camber Energy, Inc., effective
Jan. 5, 2017, to  more accurately reflect the Company's strategic
shift from its Austin Chalk and Eagleford roots to an expanding
addition of shallow oil and gas reserves with longer-lived,
lower-risk production profiles.

Camber reported a net loss of $89.12 million on $5.30 million of
total net operating revenues for the year ended March 31, 2017,
compared to a net loss of $25.44 million on $968,146 of total net
operating revenues for the year ended March 31, 2016.  As of  Sept.
30, 2017, Camber Energy had $34.49 million in total assets, $53.96
million in total liabilities and a total stockholders' deficit of
$19.47 million.

GBH CPAs, PC -- http://www.gbhcpas.com/-- in Houston, Texas,
issued a "going concern" opinion on the consolidated financial
statements for the year ended March 31, 2017, citing that the
Company has incurred significant losses from operations and had a
working capital deficit at March 31, 2017.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


CESAR QUINONES: Court Strips Down Tax Lien to $25K
--------------------------------------------------
In the case captioned CESAR IVAN VARGAS QUINONES, Plaintiff, v.
UNITED STATES OF AMERICA, INTERNAL REVENUE SERVICE; COMMONWEALTH OF
PUERTO RICO, DEPARTMENT OF TREASURY OF PUERTO RICO; STATE INSURANCE
FUND CORPORATION Defendant(s), Adversary No. 16-00108 (Bankr. D.
P.R.), Bankruptcy Judge Brian K. Tester granted in part Debtor
Quinones' motion for summary judgment.

The Debtor filed a chapter 11 voluntary petition for bankruptcy
relief on Nov. 14, 2014. Debtor owns in fee simple absolute six
parcels of real property in and around the municipality of San
Sebastian. Debtor's Real Properties are: Parcel No. 18455; Parcel
No. 25537; Parcel No. 25539; Parcel No. 26489; Parcel No. 25538;
and Parcel No. 24093. Debtor's Real Properties are encumbered by
several liens in favor of the IRS and Hacienda. Nevertheless,
pursuant to a recent appraisal report, these Real Properties have a
combined market value of $360,500. Of these six Real Properties,
all but one, Land Parcel No. 26489, are encumbered with
cross-collateralized mortgages amounting to $355,000 in favor of
creditor Condado 3, LLC, including principal balance and interest.
The Debtor also holds chattel property with a listed value of
$33,765. Debtor seeks to strip down, strip off and void secured
creditors' liens to the extent they are unsecured by equity in the
underlying Real Properties.

Debtor owes Puerto Rico income taxes for tax years 2002, 2003, 2004
and 2005. Hacienda has filed tax liens upon all of Debtor's
properties, the first of which was filed March 23, 2005. Debtor
owes federal income taxes to the IRS corresponding to tax years
2002, 2003, 2005, 2006, 2007, 2008, 2009 and 2010, and federal
insurance contributions act taxes for seven quarterly periods
between 2004 and 2006. The IRS has filed tax liens upon all of
Debtor's properties, the first of which was filed May 14, 2007.

On Dec. 5, 2014, IRS filed proof of claim 4-1 and filed Claim No.
4-2 on October 7, 2015, where the IRS claimed a total of
$155,184.81 of which $109,017.55 was claimed as a secured debt. On
Feb. 20, 2015, the State Insurance Fund Corporation filed a proof
of claim, in which it claimed $2,108.46 as a general unsecured
claim. On May 11, 2015, Hacienda filed a claim for a total amount
of $242,287.68 of which $185,302.98 was claimed as a secured debt.
The liens which encumber the Debtor's Real Properties were recorded
pursuant to the Mortgage and Property Registry Act of 1979, P.R.
Laws Ann. T. 30 sections 2001 et seq. This statute was set aside
and replaced by the Real Property Registry of Puerto Rico Act of
2015.

The IRS' arguments in its motion for partial summary judgment are
two fold (1) the court lacks jurisdiction to adjudicate the issue
at bar, (2) stripping down or stripping off the liens of the United
States prior to confirmation is not permitted by the Code in
chapter 11 cases.

Judge Tester holds that the court has jurisdiction over core
proceedings, which include the "determinations of the validity,
extent, or priority of liens." This being a proceeding where the
extent and priority of liens is being contested, the court finds
itself in the position of having jurisdiction over the present
adversary proceeding. The court does not find IRS' argument about
the court's lack of jurisdiction based on their sovereign immunity
compelling.

Addressing the lien voiding powers provided by the Code:

The statutory basis for stripping off a lien arises from the
combination of 11 U.S.C. §§ 506(a) and (d).3 First, by operation
of Section 506(a) an under-secured creditor's allowed claim is
bifurcated into secured and unsecured portions. Then, with certain
exceptions not applicable here, pursuant to Section 506(d) the lien
securing the claim is voided to the extent that it is not an
allowed secured claim, effectively stripping the lien off to that
extent.

In its second argument, the Court asserts that even when the
general rule allows for the stripping of under-secured liens in
chapter 11 cases, as the IRS suggests in their Motion for Partial
Summary Judgment, IRS tax liens can be unitary. Unitary or blanket
liens cannot be voided based on the value of individual pieces of
collateral. A unitary or blanket lien is defined as a lien
indivisible in nature that cannot be broken down on a
property-by-property basis that attaches to both real and personal
property. They are regarded as "inviolable so long as there is
equity value in any of the collateral subject to the lien." Id. 26
U.S.C. section 6321 provides for their existence:

If any person liable to pay any tax neglects or refuses to pay the
same after demand, the amount (including any interest, additional
amount, addition to tax, or assessable penalty, together with any
costs that may accrue in addition thereto) shall be a lien in favor
of the United States upon all property and rights to property,
whether real or personal, belonging to such person. However, 26
U.S.C. section 6323 imposes requirements for a tax lien to obtain
such status. Said section of the United States Internal Revenue
Code establishes:

The lien imposed by section 6321 shall not be valid as against any
purchaser, holder of a security interest, mechanic's lien, or
judgment lien creditor until notice thereof which meets the
requirements of subsection (f) has been filed by the Secretary.

(f) of the aforesaid IRC section details:

(f) Place for filing notice; form.--
(1) Place for filing.--The notice referred to in subsection (a)
shall be filed--
(A) Under State laws.--

(i) Real property.--In the case of real property, in one office
within the State (or the county, or other governmental
subdivision), as designated by the laws of such State, in which the
property subject to the lien is situated; and
(ii) Personal property.--In the case of personal property, whether
tangible or intangible, in one office within the State (or the
county, or other governmental subdivision), as designated by the
laws of such State, in which the property subject to the lien is
situated, except that State law merely conforming to or reenacting
Federal law establishing a national filing system does not
constitute a second office for filing as designated by the laws of
such State; or

B) With clerk of district court.-- In the office of the clerk of
the United States district court for the judicial district in which
the property subject to the lien is situated, whenever the State
has not by law designated one office which meets the requirements
of subparagraph (A); or

(C) With Recorder of Deeds of the District of Columbia.-- In the
office of the Recorder of Deeds of the District of Columbia, if the
property subject to the lien is situated in the District of
Columbia.

The Court holds that no lien filed by the IRS meets the
above-stated criteria. They were either filed at the Property
Registry or at the United States District Court for the District of
Puerto Rico. In no instance does the IRS provide evidence of
complying with section 6323(f)(1)(A)(ii) or subsection
6323(f)(1)(B).

As a result, the IRS' liens attach only to real property and never
obtained the unitary or blanket lien status the IRS claims. Without
said status, the court sees no merit in any further analysis of
IRS' claim. The court orders the stripping down of the $31,961.45
tax lien filed May 14, 2007, to $25,000, and the stripping off of
all other liens filed after the referenced date, because they are
wholly under-secured.

In lieu of the foregoing, the Court issues the following orders:

   1. Hacienda's and the IRS' liens upon Land Parcels 18455, 25537,
25539, 25538 and 24093 (Count I, Count II, Count III, Count V, and
Count VI) are declared null, void and removed from said Real
Properties. Hacienda's and the IRS' liens upon these Real
Properties are wholly under secured.

   2. Hacienda's priming lien upon Real Property numbered 26489
(Count IV) is declared null, void and removed from said Real
Property as the lien's attachment period has elapsed.

   3. The IRS' $31,961.45 tax lien filed May 14, 2007, is the
priming lien upon Real Property numbered 26489 (Count IV), and is
further stripped down to $25,000, the collateral's uncontested
value.

The bankruptcy case is in re: CESAR IVAN VARGAS QUINONES, Chapter
11, Debtor(s), Case No. 14-09404 BKT (Bankr. D.P.R.).

A full-text copy the Court's Dec. 29, 2017 Opinion and Order is
available at https://is.gd/VG8uHl from Leagle.com.

CESAR I VARGAS QUINONEZ, Plaintiff, represented by EDUARDO J.
CAPDEVILA DIAZ , GARCIA ARREGUI & FULLANA PSC & ISABEL M. FULLANA ,
GARCIA ARREGUI & FULLANA PSC.

United States Of America, United States of AMerica, Defendant,
represented by Kieran O. Carter -- Kieran.O.Carter@usdoj.gov --
Department of Justice, Tax Division & Nelson Wagner, U.S.
Department of Justice, Tax Division.

COMMONWEALTH OF PUERTO RICO, Defendant, represented by MIGDA L.
RODRIGUEZ COLLAZO, DEPARTMENT OF JUSTICE.


CFG PERU: Trustee Can Proceed with Rule 2004 Discovery from HSBC
----------------------------------------------------------------
In the appeals case captioned THE HONGKONG AND SHANGHAI BANKING
CORPORATION LIMITED, Appellant, v. WILLIAM A. BRANDT, JR., CHAPTER
11 TRUSTEE FOR CFG PERU INVESTMENTS PTE. LTD. (SINGAPORE),
Appellee, No. 17-CV-6672 (VEC) (S.D.N.Y.), District Judge Valerie
Caproni denied Hongkong Shanghai Banking Corporation Limited's
motion seeking leave to appeal a discovery ruling in a bankruptcy
proceeding.

The bankruptcy proceeding involves jointly-administered chapter 11
cases for 17 related debtor companies; the Debtors' value derives
from three Peruvian operating companies that are involved in the
fishing industry. One of the Debtors, CFG Peru Investments Pte.
Limited (Singapore) is the 100% direct and indirect owner of the
Peruvian operating companies.

As part of his involvement in the chapter 11 cases, the Trustee
sought discovery from HSBC-HK under Bankruptcy Rule 2004,
contending that HSBC-HK's aggressive conduct in seeking repayment
of its loans may have "interfered with the [Borrowing Debtors']
relationships with [their] lenders, suppliers, and trade
counterparties, constrained [their] liquidity, and negatively
impacted [their] ability to resume normal operations." The
discovery sought, according to the Trustee, could support defenses
to HSBC-HK's claims or identify claims against other parties.
HSBC-HK opposed the discovery for a variety of reasons, including
that the Bankruptcy Court lacks personal jurisdiction; the
Bankruptcy Court rejected HSBC-HK's arguments and authorized the
Trustee to proceed with Rule 2004 discovery.

Appellant argues that the order is appealable as of right or, in
the alternative, that an interlocutory appeal of the order is
warranted.

Courts have routinely found that bankruptcy court orders granting
or denying discovery, including orders related to Rule 2004
discovery, are not final for the purposes of an appeal to a
district court. This Court sees no reason to depart from this
consensus.

Appellant nonetheless argues that the Rule 2004 Order is final
"because it resolves the issue of the Trustee's entitlement to Rule
2004 discovery from HCBC-HK, as well as whether the Bankruptcy
Court has jurisdiction required to authorize the discovery sought
from HSBC-HK." Courts in this Circuit have, however, found that
orders denying motions to dismiss for lack of personal jurisdiction
are likewise not final orders warranting immediate appeal.

Appellant contends that the Second Circuit's decision in EM Ltd. v.
Republic of Argentina supports its argument. That case is
inapposite, however, because the Second Circuit found the order at
issue to be appealable under the collateral order doctrine, not as
a final order. The collateral order doctrine requires, inter alia,
that an order be effectively otherwise unreviewable. The Second
Circuit clearly stated that "[m]ost orders granting discovery are
not final decisions because they are effectively reviewable on
appeal from a final judgment, . . . or by an appeal from a contempt
citation after the target of a subpoena resists the challenged
order." The problem in EM Ltd. was that Argentina, the appellant,
would have been "unable to obtain effective review in a United
States court of the Discovery Order through a later appeal of a
final judgment [because] any future attachment or collection
proceeding would be conducted in a foreign court [if at all]."
Review through an appeal of a contempt citation was also
unavailable because the Discovery Order was not directed at
Argentina itself. The Rule 2004 Order does not generate the same
concerns. HSBC-HK appears to have two vehicles available to
challenge a discovery order: "comply[] with the order and
challeng[e] it at the conclusion of the discrete dispute . . . or
refus[e] to comply and contest[] the order's validity when held in
contempt for the refusal."

Appellant also asserts that the Court should entertain its
interlocutory appeal because of exceptional circumstances, but only
reiterates its complaint that filing proofs of claim should not
subject it to personal jurisdiction and, in turn, to Rule 2004
discovery. Courts have regularly found that filing a proof of claim
in a bankruptcy proceeding subjects a creditor to the personal
jurisdiction of the bankruptcy court. Appellant has not offered any
exceptional circumstance to support its requested interlocutory
appeal.

A full-text copy of the Court's Dec. 29, 2017 Order and Opinion is
available at https://is.gd/WJbAF0 from Leagle.com.

The HongKong and Shanghai Banking Corporation Limited, Appellant,
represented by Damien Jerome Marshall, Boies, Schiller & Flexner
LLP, Donald S. Bernstein -- donald.bernstein@davispolk.com --
Davis, Polk, & Wardwell, Elliot Moskowitz --
elliot.moskowitz@davispolk.com -- Davis Polk & Wardwell LLP, Scott
E. Gant, Boies, Schiller & Flexner LLP, pro hac vice & Timothy E.
Graulich -- timothy.graulich@davispolk.com -- Davis Polk & Wardwell
LLP.

William A. Brandt, Jr., as Chapter 11 Trustee to CFG Peru
Investments Pte. Ltd. (Singapore), Appellee, represented by James
Charles Tecce -- jamestecce@quinnemanuel.com -- Quinn Emanuel, Jay
Michael Goffman -- jay.goffman@skadden.com -- Skadden, Arps, Slate,
Meagher & Flom LLP, Jordan Michael Harap --
jordanharap@quinnemanuel.com -- Quinn Emanuel Urquhart & Sullivan,
pro hac vice & Susheel Kirpalani --
susheelkirpalani@quinemanuel.com -- Quinn Emanuel.

   About CFG Peru Investments Pte. Limited (Singapore)

China Fishery Group Limited (Cayman) and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Lead Case No. 16-11895) on June 30, 2016. The petition was signed
by Ng Puay Yee, chief executive officer. The cases are assigned to
Judge James L. Garrity Jr.

At the time of the filing, China Fishery Group estimated its assets
at $500 million to $1 billion and debts at $10 million to $50
million.

Weil, Gotshal & Manges LLP has been tapped to serve as lead
bankruptcy counsel for China Fishery and its affiliates other than
CFG Peru Investments Pte. Limited (Singapore). Weil Gotshal
replaced Meyer, Suozzi, English & Klein, P.C., the law firm
initially hired by the Debtors. The Debtors have also tapped
Klestadt Winters Jureller Southard & Stevens, LLP as conflict
counsel; Goldin Associates, LLC, as financial advisor; and RSR
Consulting LLC as restructuring consultant.

On Nov. 10, 2016, William Brandt, Jr., was appointed as Chapter 11
trustee for CFG Peru Investments Pte. Limited (Singapore), one of
the Debtors.  Skadden, Arps, Slate, Meagher & Flom LLP serves as
the trustee's bankruptcy counsel; Hogan Lovells US LLP serves as
special counsel; and Quinn Emanuel Urquhart & Sullivan, LLP, serves
as special litigation counsel; and Epiq Bankruptcy Solutions, LLC,
as notice and claims agent.


CHENIERE CORPUS: S&P Affirms 'BB-' Rating on $1.5BB Notes Due 2025
------------------------------------------------------------------
U.S.-based project Cheniere Corpus Christi Holdings LLC (CCH) is
building, through its wholly owned subsidiary, Corpus Christi
Liquefaction LLC (CCLIQ), a three-train project that will convert
natural gas to liquefied natural gas (LNG), and Cheniere Corpus
Christi Pipeline L.P., a 23-mile 48-inch diameter natural gas
pipeline, both on the U.S. Gulf Coast. Completion of the first two
trains is expected in 2019; the third train has not yet reached
Final Investment Decision (FID) and is not factored into this
rating. CCH is wholly owned by Cheniere Energy Inc. (CEI)
(BB-/Stable/--).

CCLIQ will obtain natural gas from numerous supplies in most major
U.S. gas basins, convert it to LNG, and sell it to counterparties
under take-or-pay style, fixed-price long-term sale and purchase
agreements (SPAs) that essentially eliminate market risk.

On Dec. 18, 2017, CEI announced that CCLIQ had signed an amended
and restated engineering, procurement, and construction (EPC)
contract with Bechtel Oil, Gas & Chemicals Inc. (Bechtel) for the
construction of train 3. Under the terms of this agreement,
construction may proceed now on train 3 without a change order
until July 5, 2018. The decision to move to a FID on train 3 will
be contingent upon execution of satisfactory SPAs for the LNG
capacity of the new train.

S&P Global Ratings is thus affirming its 'BB-' rating on Cheniere
Corpus Christi Holdings LLC's $1.5 billion 5.875% senior secured
notes due 2025. The rating outlook is stable. The recovery rating
is '2', indicating S&P's expectation for substantial (70%-90%;
rounded estimate: 80%) recovery in the event of a default.

The notes were issued in December 2016 and this rating action
replaces and finalizes the preliminary rating issued on Dec. 5,
2016, S&P related.

Before accounting for financial counterparty risk, the construction
phase stand-alone credit profile (SACP) is 'bbb-', reflecting a
strong technology and construction contracting and funding package
to achieve completion to performance targets within schedule and
budget. However, parent CEI's remaining unsupported equity
contribution amount during the construction phase for trains 1 and
2 as of the end of November is $825 million and so our final
construction phase SACP is constrained by S&P's corporate credit
rating of 'BB-' on CEI. In March 2017, CEI closed a $750 million
revolving facility that backstops its obligations under the equity
contribution agreement between CEI and CCH.

The operations phase SACP is 'bbb-'. The operations phase SACP
reflects 20-year SPAs that provide CCLIQ a fixed price for LNG,
including a fee for natural gas feedstocks equal to the cost of gas
plus 15%, expectations of good operations and maintenance (O&M),
and a robust natural gas procurement regime that minimizes fuel
supply risk. The SPAs are considered irreplaceable because we think
CCLIQ would not be able to easily replace long-term offtakers at
similar contractual terms in current market conditions;
specifically, S&P expects the price and contract duration would be
difficult to replicate. Therefore, the rating could be capped by
the lowest rated offtaker, currently PT Pertamina Persero
(BBB-/Stable).

S&P's outlook assesses the likely stable nature of the rating over
the next 18 to 24 months given ongoing construction activities that
are within its schedule and budget expectations and its stable
rating outlook on CEI. The stable outlook on CEI results from
predictable cash flow from its Sabine Pass LNG project, which has
four operational trains and a fifth under construction that is
progressing in line with our budget and schedule expectations.

Since the rating on CCH's debt is capped by the corporate credit
rating on CEI, a negative outlook on or downgrade of CEI would
result in a similar rating action on CCH's debt. At this time, S&P
thinks a deterioration of the rating on CEI over the outlook period
is unlikely because four trains are now fully operational at SPLIQ.
Aside from an adverse movement in our rating on CEI, a downgrade
would require that construction phase SACP falls to 'b+'. Factors
that would result in such a decline would be major delays for
completion or major cost overruns such that available funding does
not cover S&P's downside case cost profile by a substantial margin.
With the potential advent of construction of train 3, there is some
additional construction risk, but the company has managed all of
its construction projects well to date.

Over the outlook horizon, the sole factor that would result in an
upgrade would be an upgrade on CEI since it caps the issue-level
rating on CCH's debt. At this time, S&P thinks an improvement in
its rating on CEI over the outlook period is low; however, as cash
flow ramps up from SPLIQ, the financial profile of CEI does improve
over time.

Longer term, during construction, once CEI has provided its equity
commitment, the rating would improve if the construction phase SACP
were at least 'bb'. Later, when the project is at or near
completion such that S&P has strong confidence in operational
performance, the rating would reflect the operations phase risk
profile. S&P expects that with the announcement of the execution of
the train 3 amended and restated EPC contract, the construction
period will now be longer than previously forecast, limiting the
upside.


COLONIAL MEDICAL: U.S. Trustee Appoints E. De Jesus as PCO
----------------------------------------------------------
The U.S. Trustee appoints Edna Diaz De Jesus, the Puerto Rico State
Patient Care Ombudsman, as the Patient Care Ombudsman in the
bankruptcy case of Colonial Medical Management Corp.

      Edna Diaz De Jesus
      Procuradora Interina del Paciente
      Oficina del Procurador del Paciente
      PO Box 11247
      San Juan, PR 00910-2347
      Tel: (787) 977-0909
      Fax: (787) 977-0915
      Email: ediaz@opp.gobierno.pr
             qsoto@opp.gobierno.pr   
             yramos@opp.gobierno.pr

             About Colonial Medical Management Corp.

Colonial Medical Management Corp. is an ambulatory health care
clinic located in Anasco, Puerto Rico.  Its practice location is
listed as Carretera 402 Km 1.8 Bo. Marias Anasco, Puerto Rico.

Colonial Medical sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. P.R. Case No. 17-06925) on November 21,
2017.  Luis Jorge Lugo Velez, its president, signed the petition.

At the time of the filing, the Debtor disclosed that it had
estimated assets of less than $50,000 and liabilities of $1 million
to $10 million.

Judge Brian K. Tester presides over the case.

The Debtor previously sought bankruptcy protection (Bankr. D. P.R.
Case No. 14-01922) on March 13, 2014.


COMSTOCK RESOURCES: MacKay Shields Has 12.69% Stake as of Dec. 31
-----------------------------------------------------------------
MacKay Shields LLC, an investment adviser registered under Section
203 of the Investment Advisers Act of 1940, disclosed in a Schedule
13G/a filed with the Securities and Exchange Commission that it is
deemed to be the beneficial owner of 6,200,697 shares or 12.69% of
the Common Stock of Comstock Resources, Inc., believed to be
outstanding as a result of acting as investment adviser to various
clients.  All calculations of percentage ownership herein are based
on a total of 13,115,412 shares of Common Stock issued and
outstanding as of Dec. 31, 2017, as disclosed on the Company's Form
10-Q filed with the Securities and Exchange Commission on Nov. 9,
2016, plus 35,752,685 shares issuable upon conversion of the
outstanding convertible notes.

The MainStay High Yield Corporate Bond Fund, a registered
investment Company for which Mackay Shields acts as sub-investment
adviser, may be deemed to beneficially own 8.02% of the outstanding
common stock of the Company.  New York Life Investment Management
LLC, an indirect wholly owned subsidiary of New York Life and an
affiliate of Mackay Shields LLC, is the manager of MainStay High
Yield Corporate Bond Fund.

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

                     https://is.gd/ehGWcQ

                   About Comstock Resources

Comstock Resources, Inc. -- http://www.comstockresources.com/-- is
an independent energy company based in Frisco, Texas and is engaged
in oil and gas acquisitions, exploration and development primarily
in Texas and Louisiana.  The Company's stock is traded on the New
York Stock Exchange under the symbol CRK.

Comstock incurred a net loss of $135.1 million in 2016, a net loss
of $1.0 billion in 2015, and a net loss of $57.11 million in 2014.
As of Sept. 30, 2017, Comstock Resources had $899.60 million in
total assets, $1.22 billion in total liabilities and a total
stockholders' deficit of $328.44 million.

                          *     *     *

In September 2016, S&P Global Ratings raised its corporate credit
rating on Comstock Resources to 'CCC+' from 'SD' (selective
default).  The 'CCC+' corporate credit rating reflects S&P's view
that the company's debt levels are unsustainable under its current
price assumptions.  

Comstock Resources carries a 'Caa2' corporate family rating from
Moody's Investors Service.


CONCENTRA INC: Moody's Hikes Sr. Sec. First Lien Debt Rating to B1
------------------------------------------------------------------
Moody's Investors Service affirmed Concentra Inc.'s B2 Corporate
Family Rating (CFR) and B2-PD Probability of Default Rating.
Moody's also upgraded Concentra's existing senior secured revolver
and term loan ratings to B1 from B2. At the same time, Moody's
assigned a B1 rating to the company's proposed $555 million
incremental first lien term loan and assigned a Caa1 rating to the
company's proposed $240 million second lien term loan. The rating
outlook is stable.

Proceeds from the new debt facilities will be used to fund the
acquisition of U.S. HealthWorks Inc., make a shareholder
distribution, and pay related fees and expenses. As part of the
transaction, Concentra is also upsizing its existing revolving
credit facility to $75 million from $50 million.

The CFR affirmation reflects the benefits that Concentra will
realize from the combination of operations of the two leading
providers of occupational health services in the U.S. The
acquisition of U.S. HealthWorks Inc. from Dignity Health Holding
Corporation (DHHC) will expand Concentra's network of medical and
onsite clinics by approximately 60%, materially expanding its scale
and strengthening its geographic diversification. Following the
close of the transaction, DHHC will become a new 20% minority owner
of the combined entity, with Select Medical Holdings Corporation
(parent; B1 stable) retaining its 50.1% stake and existing minority
owners, including private equity firm Welsh, Carson, Anderson &
Stowe owning the remaining share.

The upgrade on the existing first lien senior secured instrument
ratings reflects the benefit of loss absorption in a hypothetical
distressed scenario provided by the new second lien debt that is
being added to the capital structure.

Concentra Inc.:

Ratings assigned:

$555 million first lien incremental term loan due 2022, at B1
(LGD3)

$240 million second lien term loan due 2023, at Caa1 (LGD6)

Ratings upgraded:

Existing senior secured first lien revolving credit facility due
2020, to B1 (LGD3) from B2 (LGD3)

Existing senior secured first lien term loan due 2022, to B1 (LGD3)
from B2 (LGD3)

Ratings affirmed:

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

The rating outlook is stable.

RATINGS RATIONALE

Concentra's B2 Corporate Family Rating reflects its high financial
leverage of around 6.0x following the acquisition of U.S.
HealthWorks. While the acquisition increases leverage, Moody's
expects that the realization of cost savings will result in fairly
rapid deleveraging. Concentra and Select Medical have a good track
record of achieving cost synergies. The credit profile will
continue to be supported by the company's leading scale in the
highly fragmented occupational health industry and strong customer,
payor and geographic diversification. Longer-term, Moody's expects
that the achievement of earnings growth, absent acquisitions, will
become more difficult as US injury rates will slowly decline due to
a reduction of manufacturing and labor jobs in favor of service and
technology industries.

The ratings could be upgraded if Concentra successfully integrates
U.S. HealthWorks and achieves meaningful operating synergies.
Additionally, the company would need to sustain improvements in
free cash flow and reduce leverage, such that debt to EBITDA is
expected to be sustained below 5.0 times.

The ratings could be downgraded if the company materially increases
leverage, either through a debt financed acquisition, distribution
to its joint venture partners, or due to deterioration in the
company's operations. The ratings could also be downgraded if
liquidity weakens or if the company's free cash flow becomes
negative on a sustained basis. Specifically, if debt to EBITDA is
expected to remain above 6.0 times, the ratings could be
downgraded.

Concentra is a provider of occupational and consumer healthcare
services, including workers' compensation injury care, physical
exams, wellness, preventative care and drug testing for employers.
Concentra has operations across the US though medical centers and
onsite clinics at employer worksites. The company also provides
outpatient services to veterans at 32 Department of Veterans
Affairs community-based outpatient clinics. Concentra generates
revenue of about $1 billion.

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


CORPORATE RESOURCE: Trustee Hires Jeffer as Special Counsel
-----------------------------------------------------------
James S. Feltman, the Chapter 11 Trustee of Corporate Resource
Services, Inc., and its debtor-affiliates, seeks authority from the
U.S. Bankruptcy Court for the Southern District of New York to
employ Jeffer Mangels Butler & Mitchell LLP, as special litigation
counsel to the Trustee.

The Trustee requires Jeffer to represent the Trustee in the
enforcement of claims and collections of accounts receivable, and
prosecute against:

   -- American International Industries, in the Superior Court of
      California for the County of Los Angeles, seeking the sum
      of $141,662.46;

   -- Jaemar, Inc., in the Superior Court of California for the
      County of San Diego, seeking the sum of $225,981.50; and

   -- Pacific American Fish Co., Inc., in the Superior Court of
      California for the County of Los Angeles, seeking the sum
      of $196,820.46.

Jeffer will be paid at these hourly rates:

     Partners                     $660-$690
     Associates                   $425
     Paralegals                   $225

On or around August 2, 2017, the collective amount billed by Jeffer
to the Trustee exceeded $250,000. The OCP Order requires that
Jeffer file a separate retention application pursuant to section
327 of the Bankruptcy Code to seek compensation for professional
services rendered and reimbursement for necessary expenses, which
exceed $250,000.

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

Thomas M. Geher, partner of Jeffer Mangels Butler & Mitchell LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Jeffer can be reached at:

     Thomas M. Geher, Esq.
     JEFFER MANGELS BUTLER & MITCHELL LLP
     1900 Avenue of the Stars, 7th Floor
     Los Angeles, CA 90067
     Tel: (310) 203-8080
     Fax: (310) 203-0567

            About Corporate Resource Services, Inc.

Corporate Resource Services, Inc., is a provider of corporate
employment and human resource solutions, headquartered in New York.
CRS leases its headquarters and does not own any real property.
About 90% of CRS shares are owned by Robert Cassera and the balance
are traded OTC.

As of Dec. 31, 2014, CRS was one of the largest employment staffing
companies in the U.S., providing employment and human resources
solutions for corporations with annual sales of about one billion
dollars. In February 2015, CRS began an orderly wind down of
operations after discovering that TS Employment, Inc., a privately
held company owned by Mr. Cassera, failed to remit tens of millions
of dollars of the Debtors' withholding taxes to taxing
authorities.

TS Employment Inc., a professional employer organization that
provided payroll-related services for CRS, sought Chapter 11
protection (Bankr. S.D.N.Y. Case No. 15-10243) in Manhattan on Feb.
2, 2015. The case is before Judge Martin Glenn. TSE tapped Scott S.
Markowitz, Esq., at Tarter Krinsky & Drogin  LLP, in New York, as
counsel. Realization Services Inc. serves as the Debtor's
consultant.

CRS and its subsidiaries sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 15-11546) on July 23, 2015, to complete their
orderly wind down of operations. The CRS Debtors' cases were
transferred to New York (Bankr. S.D.N.Y. Lead Case No. 15-12329),
on Aug. 18, 2015, and assigned to Judge Glenn. CRS estimated $10
million to $50 million in assets and $50 million to $100 million in
debt.

The CRS Debtors tapped Gellert Scali Busenkell & Brown, LLC, as
bankruptcy counsel; Wilmer Cutler Pickering Hale & Dorr LLP, as
special counsel; Carter Ledyard & Milburn LLP, as special SEC
counsel; SSG Capital Advisors as financial advisors and investment
bankers; and Rust Omni LLC as claims agent.

James S. Feltman has been appointed as Chapter 11 trustee for the
CRS Debtors and for TS Employment.  He has tapped Togut, Segal &
Segal LLP as counsel; and Jenner & Block LLP and Greenberg Traurig,
P.A., as special counsel; Jeffer Mangels Butler & Mitchell LLP, as
special litigation counsel.


CSC HOLDING: Moody's Cuts Sr. Secured Debt Rating to Ba2
--------------------------------------------------------
Moody's Investors Service has downgraded the senior secured rating
at CSC Holding LLC.'s (CSC) to Ba2 (LGD2), from Ba1 (LGD2),
following the announcement to upsize the currently-marketed debt
offering by an additional $1 billion, to $2.5 billion. Moody's now
expect the final debt raise to consist of an incremental $1.5
billion term loan B (due 2026) and $1 billion senior guaranteed
notes (due 2028), both at CSC, a wholly-owned subsidiary of
Cablevision Systems Corporation (Cablevision or the company).
Moody's expect the proceeds of the borrowings to be used to repay
$1 billion in unsecured notes with near term maturities, with the
remainder used to fund a $1.5 billion special dividend to Altice
N.V., associated with the recently announced plan to spinoff Altice
USA Inc. from Altice N.V. Moody's will withdraw the ratings on debt
repaid, at close. All other ratings for Cablevision and its
subsidiaries are unchanged and the outlook remains stable.

The debt is being raised based on terms and conditions that are the
same as, or materially similar to, existing agreements. Moody's
previously noted that a shift to a more secured capital structure
would put added pressure on the previous Ba1 (LGD2) secured
instrument ratings. While the company did have some capacity to
increase secured debt levels and maintain the Ba1 rating, the
additional $1 billion upsize exceeds the tolerance threshold,
resulting in the downgrade. Since the $1 billion upsize will be
used to repay upcoming maturities, Moody's still expected pro forma
closing leverage to be approximately 6.2x, up from 5.6x for the
Last Twelve Months Ended, September 30, 2017. Moody's also note,
given the shift in the capital structure pro forma for this
transaction, there will be downward pressure on the unsecured notes
at CSC. These securities are subject to downgrade should junior
debt, specifically the unsecured notes at Cablevision, be repaid.

Downgrades:

Issuer: CSC Holdings, LLC

-- Senior Secured Bank Credit Facility, Downgraded to Ba2 (LGD2)
    from Ba1 (LGD2)

-- GTD Senior Unsecured Bonds, Downgraded to Ba2 (LGD2) from Ba1
    (LGD2)

-- Issuer: Neptune Finco Corp.

-- Senior Secured Bank Credit Facility, Downgraded to Ba2 (LGD2)
    from Ba1 (LGD2)

-- GTD Senior Unsecured Bonds, Downgraded to Ba2 (LGD2) from Ba1
    (LGD2)

Adjustments:

Issuer: CSC Holdings, LLC

-- Senior Unsecured Bonds, Adjusted to (LGD5) from (LGD4)

Issuer: Neptune Finco Corp.

-- Senior Unsecured Bonds, Adjusted to (LGD5) from (LGD4)

RATINGS RATIONALE

Cablevision's B1 CFR reflects its high leverage declining video
business, and the business risk inherent in Altice's cost cutting
strategy. Altice has quickly reduced costs and realized a large
portion of its $900 million in targeted savings which has boosted
EBITDA, improving cash flows and leverage leading up to the
announced transaction. While the company appears to be executing
its plan without significant disruption to its customer base or
market position, operational and financial risks remain. Leverage
is elevated again, and the pursuit of strategic initiatives to grow
the business require investment and risk. At the same time,
competitive challenges remain intense, especially in the video
market. Nevertheless, Cablevision has a strong position in very
good markets with favorable demographics within its footprint.
Cablevision competes head to head with Verizon's FiOS service in
about half of its urban footprint. Moody's view FiOS as a
competitive product offer and expect Verizon to gain market share
if Cablevision stumbles operationally. However, Cablevision's
industry leading market share reflects its strength and solid
operating performance, particularly in broadband where its upgraded
network produces superior network speeds that attract and retain
residential and commercial customers. Moody's expect broadband and
small business segment results to remain strong and Cablevision to
retain its current market share position.

The stable outlook is based upon Moody's expectation that leverage
will fall under 6x over the next 12-18 months. The outlook also
reflects Moody's view that Cablevision will continue to generate
positive free cash flow and maintain good liquidity. Moody's would
consider an upgrade if leverage were sustained below 5x (Moody's
adjusted), free cash flow as a percentage of debt was above 5%, and
market share and liquidity were maintained, or improved. Moody's
would consider a downgrade if leverage is not on track to fall
below 6x (Moody's adjusted) by year end 2018, liquidity were to
become constrained or market share materially erodes.

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

Headquartered in Long Island City, New York, Cablevision Systems
Corporation served approximately 3.1 million residential and
business customers, passing 5.1 million homes in and around the New
York metropolitan area as of September 30, 2017. Cablevision is
wholly owned by Altice USA and is also the direct parent of CSC
Holdings, LLC. Revenue for LTM September 30, 2017 was approximately
$6.6 billion. Altice N.V. currently holds a 67% economic interest
and 98% voting interest in Altice USA.


CTI BIOPHARMA: Stonepine Capital Has 5% Stake as of Jan. 11
-----------------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, Stonepine Capital Management, LLC, Stonepine Capital,
L.P., Jon M. Plexico and Timothy P. Lynch reported that as of Jan.
11, 2018, they beneficially own 2,150,000 shares of common stock of
CTI BioPharma Corp., constituting 5 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/SXETk2

                      About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- is a biopharmaceutical company
focused on the acquisition, development and commercialization of
novel targeted therapies covering a spectrum of blood-related
cancers that offer a unique benefit to patients and healthcare
providers.  The Company has a late-stage development pipeline,
including pacritinib for the treatment of patients with
myelofibrosis.  CTI BioPharma is headquartered in Seattle,
Washington.
                
CTI Biopharma reported a net loss attributable to common
shareholders of $52 million for the year ended Dec. 31, 2016, a net
loss attributable to common shareholders of $122.6 million for the
year ended Dec. 31, 2015, and a net loss attributable to common
shareholders of $95.99 million.  The Company had $65.53 million in
total assets, $37.12 million in total liabilities, and $28.41
million in total shareholders' equity as of Sept. 30, 2017.


DAVID'S BRIDAL: S&P Lowers CCR to 'CCC' on Debt Restructuring
-------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on David's
Bridal Inc. to 'CCC' from 'CCC+'. The outlook is negative.

S&P said, "We also lowered our issue-level ratings on the company's
$500 million secured term loan facility maturing October 2019 to
'CCC' from 'CCC+' and the issue-level ratings on the $270 million
unsecured senior notes due October 2020 to 'CC' from 'CCC-'. The
'3' recovery rating on the term loan facility indicates our
expectation for meaningful (50% to 70%; rounded estimate: 60%)
recovery. Our '6' recovery rating on the unsecured notes reflects
our expectation for negligible (0% to 10%; rounded estimate: 0%)
recovery prospects in the event of a default or bankruptcy.

"The downgrade reflects our view that the company could pursue a
distressed exchange or restructuring transaction in the next 12
months to address maturities on its capital structure, the first of
which are October 2019 term loan maturities. Our rating action
considers what we see as poor refinancing market conditions for
retail companies. We believe the risk that David's Bridal will be
unable to refinance at least a portion of its capital structure at
par increases as the company's debt maturities approach in 2019 and
2020. We also forecast that the company's operating performance
will likely worsen over the next 12 months, as competition, price
transparency, and changing bridal habits further pressure sales and
margins. We think profit and cash flow generation will be
insufficient to support the current capital structure, and forecast
flat to modestly negative free cash flow from operations over the
next 12 months. The rating action also considers David's Bridal's
limited liquidity position, primarily based on the borrowing
capacity under the $125 million asset-backed (ABL) lending facility
and modest balance sheet cash.

"The negative outlook reflects our view that the company could
pursue a distressed exchange or debt restructuring in the next 12
months to address its October 2019 term loan maturities, as
challenging market conditions persist and our expectation for worse
operating performance.

"We could lower the ratings if the company announces a debt
exchange or conditions worsen, such that we envision a
restructuring as increasingly likely in the next six months. This
could arise if the company takes steps or publically announces its
intention to execute a debt exchange that we view as distressed.

"Although unlikely over the next several quarters, a stable outlook
or higher rating would be contingent on material improvement in
operating prospects that we believe are sustainable, enabling the
company to maintain adequate liquidity and refinance its debt
maturities at par."


DAYBREAK OIL: Incurs $568,000 Net Loss in Third Quarter
-------------------------------------------------------
Daybreak Oil and Gas, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
available to common shareholders of $567,896 on $169,532 of revenue
for the three months ended Nov. 30, 2017, compared to a net loss
available to common shareholders of $735,501 on $102,751 of revenue
for the three months ended Nov. 30, 2016.

For the nine months ended Nov. 30, 2017, Daybreak Oil reported a
net loss available to common shareholders of $2.06 million on
$438,295 of revenue compared to a net loss available to common
shareholders of $2.91 million on $332,041 of revenue for the nine
months ended Nov. 30, 2016.

As of Nov. 30, 2017, Daybreak Oil had $1.11 million in total
assets, $15.91 million in total liabilities and a total
stockholders' deficit of $14.80 million.

The Company's financial statements for the nine months ended
Nov. 30, 2017 have been prepared on a going concern basis, which
contemplates the realization of assets and the settlement of
liabilities in the normal course of business.  The Company has
incurred net losses since entering the crude oil and natural gas
exploration industry and as of Nov. 30, 2017 has an accumulated
deficit of $37,851,881 and a working capital deficit of $14,984,097
which raises substantial doubt about the Company's ability to
continue as a going concern.

The Company continues to implement plans to enhance its ability to
continue as a going concern.  Daybreak currently has a net revenue
interest in 20 producing crude oil wells in its East Slopes Project
located in Kern County, California.  The revenue from these wells
has created a steady and reliable source of revenue.  The Company's
average working interest in these wells is 36.6% and the NRI is
28.4% for these same wells.

The Company anticipates its revenue will continue to increase as
the Company participates in the drilling of more wells in the East
Slopes Project in California and as our exploratory drilling
project begins in Michigan.  However, given the current instability
in hydrocarbon prices, the timing of any drilling activity in
California and Michigan will be dependent on a sustained
improvement in hydrocarbon prices and a successful refinancing or
restructuring of the Company's credit facility.

The Company believes that its liquidity will improve when there is
a sustained improvement in hydrocarbon prices.  Daybreak's sources
of funds in the past have included the debt or equity markets and
the sale of assets.  While the Company has experienced revenue
growth, which has resulted in positive cash flow from its crude oil
and natural gas properties, it has not yet established a positive
cash flow on a company-wide basis.  It will be necessary for the
Company to obtain additional funding from the private or public
debt or equity markets in the future.  However, the Company cannot
offer any assurance that it will be successful in executing the
aforementioned plans to continue as a going concern.

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

                      https://is.gd/fWSQ72

                       About Daybreak Oil

Daybreak Oil and Gas, Inc. -- http://www.daybreakoilandgas.com/--
is an independent oil and natural gas company currently engaged in
the exploration, development and production of onshore oil and
natural gas in the United States.  The Company is headquartered in
Spokane, Washington with an operations office in Friendswood,
Texas.  Daybreak owns a 3-D seismic survey that encompasses 20,000
acres over 32 square miles with approximately 6,500 acres under
lease in the San Joaquin Valley of California.  The Company
operates production from 20 oil wells in our East Slopes project
area in Kern County, California.

Daybreak Oil reported a net loss of $3.46 million on $482,656 of
revenue for the 12 months ended Feb. 28, 2017, compared to a net
loss of $4.20 million on $529,360 of revenue for the 12 months
ended Feb. 29, 2016.

The Company's independent accounting firm MaloneBailey, LLP --
http://www.malonebailey.com/-- in Houston, Texas, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Feb. 28, 2017, noting that the
Company suffered losses from operations and has negative operating
cash flows, which raises substantial doubt about its ability to
continue as a going concern.


FINJAN HOLDINGS: Circuit Court Affirms Validity of Finjan's Patents
-------------------------------------------------------------------
Finjan Holdings, Inc. announced that in its patent infringement
suit against Blue Coat Systems, Inc. (5:13-cv-03999-BLF, "Blue Coat
I") the United States Court of Appeals for the Federal Circuit
(Case No. 2016-2520, "Federal Circuit") issued its decision as
follows:

   * Finjan's U.S. Patent No. 6,154,844 (the "'844 Patent"):

      - Confirmed valid and infringed

      - Recognized Finjan's behavior-based technology as
        pioneering

      - Remanded damages to District Court

   * Finjan's U.S. Patent Nos. 6,804,780 (the "'780 Patent"),
     7,418,731 (the "'731 Patent"), and 7,647,633 (the "'633
     Patent"):

       - Affirmed patents infringed

       - Affirmed damages totaling $7.8M

   * Finjan's U.S. Patent No. 6,965,968 (the "'968 Patent"):

      - Reversed finding of infringement and $7.8M in related
        damages

"Finjan is pleased with the Federal Circuit's decision affirming
validity of our asserted patents, and, notably, its recognition
that the '844 behavior-based invention 'was pioneered by Finjan,'"
said Julie Mar-Spinola, CIPO of Finjan Holdings.  "Significantly,
this Opinion should end any further challenges to the validity of
the '844 Patent."

U.S. District Court, Northern District of California

Retrial of Finjan, Inc. v. Blue Coat Systems Inc.
(5:15-cv-03295-BLF, "Blue Coat II") commenced on Jan. 8, 2018, on
liability issues not present in the Blue Coat I case, including
additional damages and willful infringement.  As a result of the
Federal Circuit Opinion, the Honorable Beth Labson Freeman declared
a mistrial on Jan. 10, 2018.  A new trial date on liability is set
for Feb. 12, 2018.  A second, combined new trial on damages for
Blue Coat I, and damages and willfulness for Blue Coat II, is set
for Dec. 10, 2018.

"We appreciate the Court's decision to declare a mistrial this
morning," continued Julie Mar-Spinola.  "We look forward to
retrying the liability (infringement) phase of the dispute on
February 12, 2018, and having a clean slate for trying damages and
willful infringement against Blue Coat on December 10, 2018."

Upcoming District Court Dates for Blue Coat

   February 12, 2018:

      * New Jury trial on additional liability issues related to
        Finjan's '844 and U.S. Patent No. 8,677,494 (the "'494
        Patent")

     * '494 Patent, issues not present in the Blue Coat I

December 10, 2018:

      * New jury trial on damages and willfulness related to the
        original '844 infringement from Blue Coat I and Blue Coat
        II

Finjan has pending infringement lawsuits and appeals against
Symantec Corp., Palo Alto Networks, Blue Coat Systems, Inc., ESET
and its affiliates, Cisco Systems, Inc., Sonicwall, Inc.,
Bitdefender and its affiliates, and Juniper Networks, relating to,
collectively, more than 20 patents in the Finjan portfolio.

                           About Finjan

Established over 20 years ago, Finjan -- http://www.finjan.com/--
is a cybersecurity company focused on four business lines:
intellectual property licensing and enforcement, mobile security
application development, advisory services, and investing in
cybersecurity technologies and intellectual property.  Licensing
and enforcement of the Company's cybersecurity patent portfolio is
operated by its wholly-owned subsidiary Finjan, Inc.  Finjan became
a wholly owned subsidiary of Finjan Holdings in June of 2013 after
a merger transaction, following which we began trading on the OTC
Markets.  The Company's common stock has been trading on the NASDAQ
Capital Market since May 2014.  Since the merger, the Company
continues to execute on its existing business lines while outlining
a vision and focusing on growth.  Finjan is based in East Palo
Alto, California.

Finjan reported a net loss attributable to common stockholders of
$6.43 million for the year ended Dec. 31, 2016, a net loss
attributable to common stockholders of $12.60 million for the year
ended Dec. 31, 2015, and a net loss of $10.47 million for the year
ended Dec. 31, 2014.  

As of Sept. 30, 2017, Finjan Holdings had $45.32 million in total
assets, $11.96 million in total liabilities, $18 million in
redeemable preferred stock and $15.35 million in total
stockholders' equity.


FIRST RIVER: CEO Says It Beat Receiver in Filing of Petition
------------------------------------------------------------
The court-appointed receiver and CEO of First River Energy, LLC,
each filed a Chapter 11 bankruptcy petition for the San Antonio,
Texas-based oil and gas extraction company.

Deborah Kryak, the CEO, filed a Chapter 11 petition for First
Energy (Bankr. D. Del. Case No. 18-10080) in Delaware on Jan. 12,
2018 at 3:34 p.m. Eastern time.

Raymond W. Battaglia, a state court-appointed receiver, also filed
a Chapter 11 petition on behalf of First River in San Antonio,
Texas, on Jan. 12, 2018 (Bankr. W.D. Tex. Case No. 18-50063) at
2:50 p.m. Central Time.

Immediately after the filing by the Receiver, First Energy, as
debtor-in-possession, immediately served a notice of "prior filed
Chapter 11 proceeding", to inform the Texas Court and the Receiver
of the filing of the bankruptcy case in Delaware, and that the
automatic stay under Sec. 362 of the Bankruptcy Code was in effect
for all purposes.

The Debtor's bankruptcy filing, through its CEO, was endorsed by
the Debtor's board of managers and its capital unitholders, Rwest
PI FRE Holding, LLC, and Stable Assets-FRE, LLC.

Akerman LLP is serving as bankruptcy counsel to the Debtor, with
the engagement led by David W. Parham, John E. Mitchell, and Scott
D. Lawrence.  Chipman Brown Cicero & Cole LLP is serving as local
counsel to the Debtor, with the engagement headed by William E.
Chipman, Jr.  Armory Strategic Partners is the Debtor's financial
advisor.  The Debtor has tapped Scott Avila as Chief Restructuring
Officer.

Eric Terry, Esq., at Eric Terry Law, PLLC, is the Receiver's
counsel.

The case in Delaware is assigned to Judge Mary F. Walrath.  The
Texas case is assigned to Judge Hon. Craig A. Gargotta.

Based in San Antonio, Texas, First River Energy, LLC, formerly
known as First River Midstream, LLC
--http://www.firstriverenergy.com/-- is engaged in the oil and gas
extraction business.

The Debtor estimated $10 million to $50 million in assets and
liabilities.


FLOYD E. SQUIRES: Ct. Issues Memo on Eureka City's Letter to Judge
------------------------------------------------------------------
Judge William J. Lafferty, III, of the U.S. Bankruptcy Court for
the Northern District of California issued a memorandum regarding
the City of Eureka's Letter to the Judge filed on Dec. 29, 2017.

The Court considers the Letter for informational purposes only.
Courts respond to motions, and the Letter is not a legally
cognizable means of raising an issue for determination by the
Court. However, the issue addressed in the Letter, among others,
will be discussed at a status conference.

The bankruptcy case is in re: Floyd and Betty Squires, Chapter 11,
Debtor, Case No. 17-10828 (Bankr. N.D. Cal.).

A copy of the Judge Lafferty's Memorandum dated Jan. 2, 2017 is
available at https://is.gd/iJtk7b from Leagle.com.

Floyd E. Squires, III, Debtor, represented by David N. Chandler --
DChandler1747@yahoo.com -- Law Offices of David N. Chandler.

Office of the U.S. Trustee / SR, U.S. Trustee, represented by Jared
A. Day , Office of the U.S. Trustee.

Floyd E. Squires, III, and Betty J. Squires filed for chapter 11
protection (Bankr. N.D. Cal. Case No. 16-10828) on Nov. 8, 2017,
and are represented by David N. Chandler, Esq. of the Law Offices
of David N. Chandler.


FTE NETWORKS: CEO Says 2017 One of Most Transformative Years
------------------------------------------------------------
FTE Networks, Inc. released a shareholder letter from Michael
Palleschi, president and CEO, providing an update on the Company's
activities and strategy for growth in the future.

Dear Fellow Shareholders,

Happy New Year! Today I have the honor of ringing the historic New
York Stock Exchange opening bell.  To mark this occasion, I wanted
to take the time to update our valued shareholders on recent
activities and plans for the future.  Since our last shareholder
update in October 2017, we have achieved several important
milestones, making 2017 one of the most transformative years in the
history of our Company.  With FTE's recent launch of our
transformative technology powered by CrossLayer and the successful
integration of Benchmark Builders into our previously existing FTE
business, we believe our business model provides us a competitive
edge in the technology and infrastructure market and will play a
key role in driving our growth in 2018 and beyond.

A Unique Business Model

FTE is a technology company that is leveraging its market presence
in the network infrastructure and general contracting verticals as
sales and operations channels for its innovative edge computing
technology.  In addition to enabling adaptive and efficient smart
network connectivity platforms, infrastructure, and buildings, FTE
provides end-to-end design, build, and support solutions for
state-of-the-art networks, data centers, and residential and
commercial properties.

Our business is now comprised of three complementary businesses
whose combined operating benefits provide cutting-edge technology
solutions to our client base that includes Fortune 100/500
companies, some of the world's leading Telecommunications and IT
Services Providers as well as REITs and Media Providers, and, in
turn, contributes to improved margins that ultimately impact our
growth and profitability.

With technology guiding all that we do, we are confident in the
path we are forging to offer unrivaled breadth and quality of
solutions to our customers.

A Transformational 2017

We believe our advancements in 2017 established a strong foundation
for our business to begin capitalizing on a multi-prong growth
opportunity that lies before us.

We integrated Benchmark Builders, a premier general contractor,
with a powerful industry brand and strong presence in the New York
City metropolitan market.  We also launched CrossLayer, our Edge
Computing solution that efficiently uses low-cost commodity servers
that are scalable and upgradable through open source software,
facilitate new capabilities that enable network, cloud, content and
data to converge into a single network platform in an environment
that evolves with technology.

We believe that our technology platform is central to fully
realizing the cross-company synergies and rapidly penetrating our
target markets.  By leveraging our client base and our network
infrastructure operation we will support this growing building
network with integrated network services, cutting edge technology,
and facility management services, from conception to completion –
a disruptive solution.

As FTE continues to grow, we believe it is important to build a
culture of execution and delivering on the Company’s stated
corporate objectives.  In our last shareholder update, we shared
our plans relative to an uplisting to a national exchange.  In our
final pivotal moment in 2017, we had the distinction of completing
our uplisting and to see our common stock begin trading on the NYSE
American in December.

Uplisting to the NYSE American gives us a larger platform for us to
communicate our progress to a broader audience and will enable us
to expand and diversify our shareholder base.  Combined with our
recently announced engagement of KCSA Strategic Communications for
Public and Investor Relations to support these communication goals,
we believe we are now better positioned to attract a broader range
of institutional investors.

Additionally, we continued to deliver on our operational goals and
add to our growing backlog by our announcement of contract MSA
awards with new and existing customers.  These awards not only
served to expand and strengthen our footprint in existing markets,
they helped open a few new markets as well.

Looking Ahead to 2018 and Beyond

We expect 2018 to be another year of tremendous growth for FTE.
Thanks to the successful integration of our complementary
businesses, we are now able to focus on our dynamic growth
strategy.

As we hope to have reinforced in this letter, we believe FTE has a
clear roadmap to delivering sustainable growth.  By leveraging our
innovative technology as the foundation for our expansion
initiatives, we hope to realize the full benefits of our three
complementary businesses.

By performing many of our infrastructure projects internally, we
believe we will be in a position to maximize profitability.
Additionally, by marketing scalable and upgradable technology to
our existing client base, we anticipate re-occurring revenues from
clients with whom we expect to maintain long-term relationships,
building trust and continuing to provide value through our
technology solutions.

FTE plans to continue to invest in its technology solutions and to
protect these technologies by building a robust patent estate
around its key features.  In addition, we believe we are well
positioned to support the market penetration and sales efforts of
our technology platform by making the required investments to
expand the sales channels and feed the growth.

We are confident that FTE will continue to benefit from a strong
market presence and customer recognition in New York City, and
believe that it is well positioned to satisfy the market need, with
access to more than 200 REITS and an impressive reoccurring Fortune
100/500 customer portfolio that have a national footprint.

All told, we are confident in our technology focused business
model.  We look forward to building shareholder value by expanding
our client base, increasing profitability, and reaching a broader
and more institutional shareholder base with our listing on the
NYSE American.

Thank you for your continued commitment to FTE Networks.  We look
forward to sharing our continued progress with you in 2018 and
beyond.

Sincerely,

Michael Palleschi   
President and CEO   

                      About FTE Networks

Formerly known as Beacon Enterprise Solutions Group, FTE Networks,
Inc. -- http://www.ftenet.com/-- is a provider of innovative
technology-oriented solutions for smart platforms, network
infrastructure and buildings.  FTE's three complementary businesses
are FTE Network Services, CrossLayer, Inc. and Benchmark Builders,
Inc.  Together they provide end-to-end design, build and support
solutions for state-of-the-art networks and commercial properties
to create the most transformative smart platforms and buildings.
FTE's businesses are predicated on smart design and consistent
standards that reduce deployment costs and accelerate delivery of
innovative projects and services.  The company works with Fortune
100/500 companies, including some of the world's leading
communications services providers.  FTE Networks and its
subsidiaries support multiple services, including Data Center
Infrastructure, Fiber Optics, Wireless Integration, Network
Engineering, Internet Service Provider, General Contracting
Management and General Contracting.  FTE Networks is based in
Naples, Florida.

FTE Networks reported a net loss attributable to common
shareholders of $6.31 million on $12.26 million of revenues for the
year ended Dec. 31, 2016, compared to a net loss attributable to
common shareholders of $3.63 million on $14.38 million of revenues
for the year ended Sept. 30, 2015.  As of Sept. 30, 2017, FTE
Networks had $149.77 million in total assets, $133.22 million in
total liabilities and $16.55 million in total stockholders' equity.


FUNCTION(X) INC: Signs a Two-Year License Deal with BumbClick
-------------------------------------------------------------
Function(x) Inc. entered into a license agreement with BumpClick,
LLC, on Jan. 8, 2018, pursuant to which the Company granted
BumpClick a revocable and exclusive license to manage and create
content for all social media pages and websites necessary to
operate the WetPaint and Rant businesses.  The Agreement has a term
of two years unless terminated upon a material breach of the
Agreement by BumpClick or the exercise of the purchase option by
Bump.

The Agreement provides for a payment of the closing advance in the
amount of approximately $105,000 to the Company and $20,000 to Bump
Digital, LLC for amounts owed by the Company to Bump Digital.  The
Agreement provides further that the Company will receive a fee
equal to 20% of gross revenue from its websites and social media
pages and 20% of net profits from paid media during the term of the
Agreement.  Fees earned under the Agreement will be offset by the
Closing Advance in amounts of up to $25,000 per month until the
entire Closing Advance has been repaid.  During the term of the
Agreement, BumpClick will be responsible for all overhead and
operational costs of the social media pages and websites of the
Businesses.

The Agreement contains an option for BumpClick to purchase the
assets of the Businesses included in the Agreement in exchange for
the purchase price of (i) $1,000,000 if BumpClick exercises the
option prior to Jan. 5, 2019 and (ii) $2,000,000 if BumpClick
exercises the option during the period between Jan. 6, 2019 and
Jan. 5, 2020.  The Company has the right to terminate the option on
or after Oct. 1, 2018 in exchange for a one-time payment of
$150,000 and the return of any unearned amounts of the Closing
Advance.

The Agreement replaces the license agreement between the Company
and Bump Digital, reported on the Company's Current Report on Form
8-K filed on Sept. 29, 2017.

                        About Function(x)

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

On Jan. 27, 2016, Function(x) Inc. changed its name from Viggle
Inc. to DraftDay Fantasy Sports, Inc., and changed its ticker
symbol from VGGL to DDAY.  On June 10, 2016, the Company changed
its name from DraftDay Fantasy Sports, Inc., to Function(x) Inc.,
and changed its ticker symbol from DDAY to FNCX.  It now conducts
business under the name Function(x) Inc.

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

Function(x) incurred a net loss of $63.68 million for the year
ended June 30, 2016, compared to a net loss of $78.53 million in
fiscal 2015.  As of Dec. 31, 2016, Function(x) had $31.80 million
in total assets, $27.94 million in total liabilities, and $3.85
million in total stockholders' equity.


GABRIELLE LAVERNE BROWN: PCO Files 5th Report
---------------------------------------------
Joseph Rodrigues, the Patient Care Ombudsman appointed for
Gabrielle Laverne Brown, dba Sonoma Serenity Home, filed a fifth
report with the U.S. Bankruptcy Court for the Northern District of
California.

Based upon the events reported the Patient Care Ombudsman's second
report to the court dated July 7, 2017, CCL obtained a Temporary
Suspension Order (TSO) on Friday, July 7, 2017. This TSO
necessitated that all residents leave the facility and relocate to
other facilities. This TSO also removed the ability of the facility
to legally have any new residents in the home receiving care. Since
that date, no residents have been in care at the facility.

As no residents are in care, the Patient Care Ombudsman has no
recommendations for the court at this time.

A full-text copy of the Fifth PCO Report is available at:

           http://bankrupt.com/misc/canb17-10255-92.pdf

                About Gabrielle Laverne Brown

Gabrielle Laverne Brown filed a pro se Chapter 11 petition (Bankr.
N.D. Cal. Case No. 17-10255) on April 6, 2017.  Pursuant to the
order directing the appointment of a Patient Care Ombudsman entered
by this court on April 7, 2017, Tracy Hope Davis, the United States
Trustee, duly appointed Joseph Rodrigues as the Patient Care
Ombudsman in this case.


GADFLY ENTERPRISES: Wants to Use Hanmi Bank Cash Collateral
-----------------------------------------------------------
Gadfly Enterprises Inc. t/a Super Cleaners, USA seeks authorization
from the U.S. Bankruptcy Court for the District of Maryland for its
use of the cash collateral Hanmi Bank.

The Debtor asserts that the use of cash collateral is necessary in
the ordinary course of its business in order to allow the Debtor
pay payroll and other expenses associated with operation of the
business. As such, the use of the cash collateral is vital to the
Debtor's continued operation of the business and to the prospects
for reorganization in Chapter 11.

Hanmi Bank and the Debtor executed a U.S. Small Business
Administration Note pursuant to which Hanmi Bank provided a
business loan to the Debtor in the original principal amount of
$1,190,000.  Hanmi Bank may assert a security interest in the
property of the Debtor, which lien may extend to funds received by
the Debtor in operation of its business.

The Debtor claims that it will be able to provide adequate
protection in the form of a continuing lien on post-petition cash
collateral as well as adequate protection payments for an interim
period to allow the Debtor to commence to reorganize the operations
of the estate.

Accordingly, the Debtor submits that use of cash collateral for
payment of the expenses set forth on its Budget is necessary to
avoid immediate and irreparable harm to the estate. The Budget
provides total expenses of approximately $212,078 during the period
from January 8, 2018 through June 30, 2018.

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

                http://bankrupt.com/misc/mdb18-10270-8.pdf

A copy of the Budget is available at:

                http://bankrupt.com/misc/mdb18-10270-8-bgt.pdf

                  About Gadfly Enterprises
                  d/b/a Super Cleaners USA

Gadfly Enterprises Inc., doing business as Super Cleaners USA, is a
family-owned business that provides drycleaning and laundry
services serving Maryland and Washington, D.C. for over 20 years.
Super Cleaners -- https://supercleanersusa.com/ -- also offers
tailoring & alterations, shoes & leather and household items
cleaning.  

Gadfly Enterprises filed a Chapter 11 petition (Court + Case No.
18-10270), on Jan. 8, 2018.  The petition was signed by James M.
Kanski, president.  The Debtor is represented by Augustus T Curtis,
Esq. at Cohen, Baldinger & Greenfeld, LLC. At the time of filing,
the Debtor had $62,685 in total assets and $1.19 million in total
liabilities.


GENESIS TOTAL: PCO Files 3rd Report
-----------------------------------
Deborah L. Fish, the appointed patient care ombudsman, files with
the U.S. Bankruptcy Court for the Eastern District of Michigan her
third report on the status of the quality of patient care in the
Chapter 11 Case of Genesis Total Healthcare, LLC.

The report covers the period from October 26, 2017 to December 21,
2017 and is based upon a site visit, a formal meeting with
employees, two home visits, and discussions and communications with
Judith A. Ekong, President and Director of Nursing, as well as a
review of the Monthly Financial Reports and the docket.

The PCO believes that the Debtor has maintained all of its services
and is delivering similar care to the same patient population as it
did pre-petition because the Debtor has the same staff, biller,
suppliers and the Debtor has a small but positive cash flow. The
Debtor has arranged for additional visits around the end of
January.

The Debtor has been forced to relocate from its current facility.
The move was underway during the PCO visit, which the Debtor has
anticipated would be completed by the end of 2017. The Debtor has
also looked forward to an increase in referrals because the new
location is more centrally located in the country and is surrounded
by doctor's offices.

The administration has confirmed that the Debtor has maintained its
relationship with its pre-petition suppliers and there have been no
interruptions in service, nor any changes in medical supplies. All
remaining supplies will be moved to the new facility

The PCO concludes that the Debtor has continued the same quality
care and service post-petition as it did pre-petition. The PCO
reports that she will continue to monitor the Debtor and submit
follow-up reports, including security changes at the new facility
after the move.

A full-text copy of the PCO's Third Report is available at:

                  http://bankrupt.com/misc/mieb17-32058-75.pdf

                       About Genesis Total Healthcare

Genesis Total Healthcare, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. E.D. Mich. Case No. 17-32058) on Sept. 8, 2017.
The petition was signed by Judith Ekong, president. The Debtor is
represented by George E. Jacobs, Esq. of Bankruptcy Law Offices. At
the time of filing, the Debtor had $100,000 to $500,000 in
estimated assets and $500,000 to $1 million in estimated
liabilities.


GLYECO INC: Registers 20 Million Shares Under Stock Plans
---------------------------------------------------------
GlyEco, Inc. filed a Form S-8 registration statement with the
Securities and Exchange Commission to register 10,000,000 shares of
common stock that are issuable pursuant to the Company's 2017
Employee Stock Purchase Plan.  The Company separately registered
another 10,000,000 shares for issuance under its 2017 Incentive
Compensation Plan.

                       About GlyEco, Inc.

GlyEco -- http://www.glyeco.com/-- is a specialty chemical
company, leveraging technology and innovation to focus on
vertically integrated, eco-friendly manufacturing, customer service
and distribution solutions.  The Company's eight facilities,
including the recently acquired 14-20 million gallons per year,
ASTM E1177 EG-1, glycol re-distillation plant in West Virginia,
deliver superior quality glycol products that meet or exceed ASTM
quality standards, including a wide spectrum of ready to use
antifreezes and additive packages for antifreeze/coolant, gas patch
coolants and heat transfer fluid industries, throughout North
America.

Glyeco reported a net loss of $2.26 million on $5.59 million of net
sales for the year ended Dec. 31, 2016, compared to a net loss of
$12.45 million on $7.36 million of net sales for the year ended
Dec. 31, 2015.  As of Sept. 30, 2017, GlyEco had $13.68 million in
total assets, $8.86 million in total liabilities and $4.81 million
in total stockholders' equity.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, citing that the
Company has experienced recurring losses from operations, has
negative operating cash flows during the year ended Dec. 31, 2016,
has an accumulated deficit of $36,815,063 as of Dec. 31, 2016, and
is dependent on its ability to raise capital.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


GREAT BASIN: Empery No Longer Owns Shares as of Dec. 31
-------------------------------------------------------
Empery Asset Master, Ltd., Empery Tax Efficient, LP, Empery Tax
Efficient II, LP, Empery Asset Management, LP, Ryan M. Lane and
Martin D. Hoe reported to the Securities and Exchange Commission
that as of Dec. 31, 2017, they have ceased to be the beneficial
owners of Great Basin Scientific, Inc.'s shares of common stock.  A
full-text copy of the Schedule 13G/A is available for free at
https://is.gd/l7swwZ

                          About Great Basin

West Valley City, Utah-based Great Basin Scientific Inc. --
http://www.gbscience.com/-- is a molecular diagnostics company
that commercializes breakthrough chip-based technologies.  The
Company is dedicated to the development of simple, yet powerful,
sample-to-result technology and products that provide fast,
multiple-pathogen diagnoses of infectious diseases.  The Company's
vision is to make molecular diagnostic testing so simple and
cost-effective that every patient will be tested for every serious
infection, reducing misdiagnoses and significantly limiting the
spread of infectious disease.

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

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

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


HELIOS AND MATHESON: Will Issue $60 Million in Convertible Notes
----------------------------------------------------------------
Helios and Matheson Analytics Inc. has entered into a securities
purchase agreement with an institutional investor for HMNY to issue
convertible notes in the aggregate principal amount of $60 million.
The net proceeds from the issuance of the Notes will be used for
general corporate purposes.  HMNY is not obligated to register the
resale of any shares underlying the Notes with the Securities and
Exchange Commission.  Absent registration, the investor may resell
the shares underlying the Notes only pursuant to Rule 144 or
another available exemption from registration.

The Notes will be convertible, at the option of the holder, at a
fixed conversion price of $11.44, subject to adjustment.

Pursuant to the terms of the securities purchase agreement, at the
closing of the financing, the investor will pay for the Notes with
$25 million in cash up front and an investor note in the principal
amount of $35 million payable to HMNY.  The investor may prepay the
remaining balance of the Investor Note, with the resulting cash
being paid to HMNY, in its discretion.

Canaccord Genuity Inc. acted as sole placement agent for the
financing.  Palladium Capital Advisors LLC acted as a financial
advisor to HMNY in connection with the financing.

Key Transaction Details

The Notes consist of (i) Series A-1 Senior Bridge Subordinated
Convertible Notes in the aggregate principal amount of $25,000,000
and (ii) Series B-1 Senior Secured Bridge Convertible Notes in the
aggregate principal amount of $35,000,000 for consideration
consisting of (i) an upfront cash payment in the amount of
$25,000,000, and (ii) secured promissory notes payable by the
investors to HMNY in the aggregate principal amount of
$35,000,000.

The investors may require HMNY to redeem the Notes at any time
after five months from the issue date of the Notes, including the
outstanding principal amount of the Series A-1 Notes and the
portion of outstanding principal amount of the Investor Note for
which the investors have prepaid to HMNY a corresponding amount of
cash under the Investor Note, plus accrued unpaid interest on those
amounts and a make-whole amount of interest on those amounts
calculated through the two year maturity date of the Notes.

The Series A-1 Notes are not secured by any assets of HMNY or
MoviePass and the Investor Note are not secured by any assets of
HMNY other than the Investor Note.  The conversion price of the
Notes is subject to adjustment in the event the Company sells
shares of common stock or common stock equivalents for less than
$11.44 per share in the future, subject to customary excluded
issuances.

For additional information concerning the details of the financing,
please refer to the Current Report on Form 8-K filed by HMNY with
the U.S. Securities and Exchange Commission at:

                      https://is.gd/pN84oo

                    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 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.


HOVNANIAN ENTERPRISES: Faces Suit Over 'Inadequate' Disclosure
--------------------------------------------------------------
Solus Alternative Asset Management LP has filed a complaint in the
United States District Court for the Southern District of New York
against GSO Capital Partners L.P., Hovnanian Enterprises, Inc., K.
Hovnanian Enterprises, Inc., K. Hovnanian at Sunrise Trail III,
LLC, Ara K. Hovnanian and J. Larry Sorsby.  The complaint relates
to K. Hovnanian's offer to exchange up to $185.0 million aggregate
principal amount of its 8.0% Senior Notes due 2019 for a
combination of (i) cash, (ii) K. Hovnanian's newly issued 13.5%
Senior Notes due 2026 and (iii) K. Hovnanian's newly issued 5.0%
Senior Notes due 2040 and related transactions that were previously
disclosed in Hovnanian's Current Report on Form 8-K filed on Dec.
28, 2017.  The complaint alleges, among other things, inadequate
disclosure in the exchange offer documents, improper and fraudulent
structuring of the transactions to impact the credit default swap
market, violations of Sections 10(b), 14(e) and 20(a) of the
Securities Exchange Act of 1934, and tortious interference with
prospective economic advantage.  Solus seeks, among other things,
additional disclosures regarding the transactions, compensatory and
punitive damages, and a preliminary and permanent injunction to
stop the transactions from going forward.  The court has scheduled
a hearing on Solus' motion for a preliminary injunction on Jan. 25,
2018.

Hovnanian believes that the claims and allegations set forth in the
Solus complaint are without merit and intends to defend against
them vigorously.  The complaint is available for free at:

                      https://is.gd/qEriPn

                  About Hovnanian Enterprises

Hovnanian Enterprises, Inc. (NYSE:HOV) -- http://www.khov.com/--
founded in 1959 by Kevork S. Hovnanian, is headquartered in Red
Bank, New Jersey.  The Company is a homebuilder with operations in
Arizona, California, Delaware, Florida, Georgia, Illinois,
Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas,
Virginia, Washington, D.C. and West Virginia.  The Company's homes
are marketed and sold under the trade names K. Hovnanian Homes,
Brighton Homes and Parkwood Builders.  As the developer of K.
Hovnanian's Four Seasons communities, the Company is also a builder
of active lifestyle communities.

Hovnanian Enterprises reported a net loss of $332.2 million for the
year ended Oct. 31, 2017, compared to a net loss of $2.81 million
for the year ended Oct. 31, 2016.  As of Oct. 31, 2017, Hovnanian
Enterprises had $1.90 billion in total assets, $2.36 billion in
total liabilities and a total stockholders' deficit of $460.37
million.

                          *     *     *

In April 2016, Moody's Investors Service downgraded the Corporate
Family Rating of Hovnanian Enterprises to 'Caa2' and Probability of
Default Rating to 'Caa2-PD'.  The downgrade of the Corporate Family
Rating reflects Moody's expectation that Hovnanian will need to
dispose of assets and seek alternative financing methods in order
to meet its upcoming debt maturity wall.

In January 2018, S&P Global Ratings lowered its corporate credit
rating on Red Bank, N.J.-based Hovnanian Enterprises Inc. to 'CC'
from 'CCC+' and placed it on CreditWatch with negative
implications.  The downgrade follows Hovnanian's announcement of a
proposed exchange offering for up to $185 million of its 8% senior
notes due 2019 with $26.5 million of cash, up to $99.9 million of
13.5% unsecured notes due 2026, and up to $99.4 million of 5%
unsecured notes due 2040. The exchange offer will be outstanding
until Jan. 29, 2018.

As reported by the TCR on Jan. 9, 2018, Fitch Ratings had
downgraded Hovnanian Enterprises, Inc.'s (NYSE: HOV) Issuer Default
Rating (IDR) to 'C' from 'CCC' following the company's announcement
that it will be exchanging up to $185 million of its $236 million
8% senior unsecured notes due Nov. 1, 2019 for a combination of
cash, new 13.5% senior unsecured notes due 2026 and new 5% senior
unsecured notes due 2040.


HOVNANIAN ENTERPRISES: Modifies Rights Agreement with Computershare
-------------------------------------------------------------------
Hovnanian Enterprises, Inc., has entered into Amendment No. 1 to
the Rights Agreement, which amends the Rights Agreement, dated as
of Aug. 14, 2008, between the Company and Computershare Trust
Company, N.A. (as successor to National City Bank), as Rights
Agent.

Under the Amendment, (i) each preferred stock purchase right, if
exercisable, will initially represent the right to purchase from
the Company one ten-thousandth of a share of the Company's Series B
Junior Preferred Stock, par value $0.01 per share, for a purchase
price of $16.60 (decreased from $35.00) and (ii) the Final
Expiration Date (as defined in the Rights Agreement) will be
extended to Aug. 14, 2021 (or Aug. 14, 2019 if the stockholders of
the Company have not approved the Amendment by that date).

                 About Hovnanian Enterprises

Hovnanian Enterprises, Inc. (NYSE:HOV) -- http://www.khov.com/--
founded in 1959 by Kevork S. Hovnanian, is headquartered in Red
Bank, New Jersey.  The Company is a homebuilder with operations in
Arizona, California, Delaware, Florida, Georgia, Illinois,
Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas,
Virginia, Washington, D.C. and West Virginia.  The Company's homes
are marketed and sold under the trade names K. Hovnanian Homes,
Brighton Homes and Parkwood Builders.  As the developer of K.
Hovnanian's Four Seasons communities, the Company is also a builder
of active lifestyle communities.

Hovnanian reported a net loss of $332.2 million for the year ended
Oct. 31, 2017, a net loss of $2.81 million for the year ended Oct.
31, 2016, and a net loss of $16.10 million for the year ended Oct.
31, 2015.  As of Oct. 31, 2017, Hovnanian Enterprises had $1.90
billion in total assets, $2.36 billion in total liabilities and a
total stockholders' deficit of $460.37 million.

                          *     *     *

As reported by the TCR on Jan. 10, 2018, S&P Global Ratings lowered
its corporate credit rating on Red Bank, N.J.-based Hovnanian
Enterprises Inc. to 'CC' from 'CCC+' and placed it on CreditWatch
with negative implications.  The downgrade follows Hovnanian's
announcement of a proposed exchange offering for up to $185 million
of its 8% senior notes due 2019 with $26.5 million of cash, up to
$99.9 million of 13.5% unsecured notes due 2026, and up to $99.4
million of 5% unsecured notes due 2040. The exchange offer will be
outstanding until Jan. 29, 2018.

Also in January 2018, Fitch Ratings has downgraded Hovnanian
Enterprises, Inc.'s (NYSE: HOV) Issuer Default Rating (IDR) to 'C'
from 'CCC' following the company's announcement that it will be
exchanging up to $185 million of its $236 million 8% senior
unsecured notes due Nov. 1, 2019 for a combination of cash, new
13.5% senior unsecured notes due 2026 and new 5% senior unsecured
notes due 2040.

In April 2016, Moody's Investors Service downgraded the Corporate
Family Rating of Hovnanian Enterprises to 'Caa2' and Probability of
Default Rating to 'Caa2-PD'.  The downgrade of the Corporate Family
Rating reflects Moody's expectation that Hovnanian will need to
dispose of assets and seek alternative financing methods in order
to meet its upcoming debt maturity wall.


HUMANIGEN INC: Morgan Lam Resigns as Chief Scientific Officer
-------------------------------------------------------------
Morgan Lam has resigned as the chief scientific officer of
Humanigen, Inc.  Mr. Lam's last day of employment will be Jan. 15,
2018, as disclosed in a Form 8-K filed with the Securities and
Exchange Commission.

                     About Humanigen, Inc.

Formerly known as KaloBios Pharmaceuticals, Inc., Humanigen, Inc.,
(OTCQB: HGEN), -- http://www.humanigen.com/-- is a
biopharmaceutical company focused on advancing medicines for
patients with neglected and rare diseases through innovative,
accelerated business models.  Lead compounds in the portfolio are
benznidazole for the potential treatment of Chagas disease in the
U.S., and the proprietary monoclonal antibodies, lenzilumab and
ifabotuzumab.  Lenzilumab has potential for treatment of various
rare diseases, including hematologic cancers such as chronic
myelomonocytic leukemia (CMML) and juvenile myelomonocytic leukemia
(JMML).  Humanigen is based in Brisbane, California.

KaloBios filed a voluntary petition for bankruptcy protection under
Chapter 11 of Title 11 of the United States Bankruptcy Code (Bankr.
D. Del. Case No. 15-12628) on Dec. 29, 2015.  The Company was
represented by Eric D. Schwartz of Morris, Nichols, Arsht &
Tunnell.  KaloBios emerged from Chapter 11 bankruptcy six months
later.

HORNE LLP, in Ridgeland, Mississippi, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, noting that the Company has recurring losses
from operations that raise substantial doubt about its ability to
continue as a going concern.

KaloBios reported a net loss of $27.01 million in 2016, following a
net loss of $35.37 million in 2015.  As of Sept. 30, 2017,
Humanigen had $2.56 million in total assets, $24.14 million in
total liabilities and a total stockholders' deficit of $21.57
million.


IMMC CORPORATION: Trustee's Bid to Transfer Suit to Pa. Court Nixed
-------------------------------------------------------------------
In the case captioned ROBERT F. TROISIO, as Liquidating Trustee of
IMMC CORPORATION, Appellant, v. EDWARD L. ERICKSON, BYRON HEWETT,
LEONTERSTAPPEN, JAMES L. WILCOX, ELIZABETH E. TALLETT, J. WILLIAM
FREYTAG, ZOLA P. HOROVITZ, JAMES G. MURPHY, BRIAN GEIGER, JONATHAN
COOL, and ALLEN J. LAUER, Appellees, Civ. No. 15-1043 (GMS) (D.
Del.), District Judge Gregory M. Sleet affirms the Bankruptcy
Court's decision denying Appellant's motion to transfer an
adversary proceeding to the U.S. District Court for the Eastern
District of Pennsylvania and denying Appellant's renewed motion
regarding same, based on the Bankruptcy Court's conclusion that it
lacked authority under 28 U.S.C. section 1631 to transfer the
proceeding.

The main argument on appeal is that bankruptcy courts should be
deemed one of the "courts" with transfer authority included in
section 610 based on the statute's inclusion of "district courts of
the United States." Appellant further argues this interpretation
finds support in Third Circuit case law. Appellant's statutory
argument is based on 28 U.S.C. section 151, which describes
bankruptcy judges as a "unit" of the district court. Appellant
posits that Congress had no need to include bankruptcy courts in
section 610's list of authorized courts because bankruptcy judges
are units of the district court under section 151, and are thus
already included in "district courts of the United States."
Appellant's case law argument is based on language found in the
Third Circuit's Shaefer and Seven Fields cases. Here, the court
finds no support in the statute or limited case law for Appellant's
argument that bankruptcy courts are deemed included among the
"courts" with transfer authority under section 610 because they are
units of the district courts.

Appellees contend, and the court agrees, that Appellant's statutory
argument must fail. Bankruptcy courts are constituted under a
different chapter than, and their source of authority is different
from, district courts. The scope of the bankruptcy courts'
authority is different from -- and much more circumscribed than --
that of district courts. District courts, as Article III courts,
have broad authority to exercise the judicial power of the United
States. U.S.C.A. Const. Art. III section 1. In contrast, Article I
bankruptcy courts are creatures of statute, created by
Congressional legislation, and their power is limited.

Based upon the plain language of the statutes, the Bankruptcy Court
properly ruled that it lacked transfer authority under section 1631
because a bankruptcy court is not a "court" as defined by section
610.

A full-text copy of Judge Sleet's Jan. 2, 2018 Memorandum Opinion
is available at https://is.gd/Kfbkzx from Leagle.com.

Robert F. Troisio, as Liquidating Trustee of IMMC Corporation,
F/k/a Immunicon Corporation., Appellant, represented by Jason C.
Powell -- jpowell@delawarefirm.com -- The Powell Firm, LLC & Lisa
L. Coggins, Ferry, Joseph & Pearce, P.A.

Edward L. Erickson, James L. Wilcox, Elizabeth E. Tallett, J.
William Freytag, Zola P. Horovitz, James G. Murphy, Brian Geiger,
Jonathan Cool & Allen J. Lauer, Appellees, represented by Learon
John Nelson Bird -- lbird@foxrothschild.com -- Fox Rothschild LLP,
Clair E. Wischusen -- cwischusen@foxrothschild.com -- Fox
Rothschild LLP & Michael L. Eidel -- meidel@foxrothschild.com --
Fox Rothschild LLP, Pro Hac Vice.

Bryon Hewett & Leon Terstappen, Appellees, represented by Learon
John Nelson Bird, Fox Rothschild LLP, Clair E. Wischusen, Fox
Rothschild LLP, Pro Hac Vice & Michael L. Eidel, Fox Rothschild
LLP, Pro Hac Vice.

The bankruptcy case is IN RE: IMMC CORPORATION, f/k/a IMMUNICON
CORPORATION, et al., Chapter 11 Debtors, Bankr. Case No. 08-11178
(KJC) (Bankr. D. Del.).


INTERPACE DIAGNOSTICS: Empery Asset Has 4.9% Stake as of Dec. 31
----------------------------------------------------------------
Empery Asset Management, LP, Ryan M. Lane, and Martin D. Hoe
reported to the U.S. Securities and Exchange Commission that as of
Dec. 31, 2017, they beneficially own 1,785,000 shares of sommon
stock issuable upon exercise of warrants of Interpace Diagnostics
Group, Inc., constituting 4.99 percent based on 26,849,025 shares
of Common Stock issued and outstanding as of Nov. 13, 2017, as
represented in the Quarterly Report on Form 10-Q filed with the
Securities and Exchange Commission on Nov. 13, 2017, and assumes
the exercise of the reported warrants subject to the Blockers.  A
full-text copy of the regulatory filing is available at
https://is.gd/8moI09

                  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.


JOURNAL-CHRONICLE CO: Wants to Continue Using Cash Collateral
-------------------------------------------------------------
Journal-Chronicle Company seeks authorization from the U.S.
Bankruptcy Court for the District of Minnesota for continued use of
cash collateral with Profinium, Inc., pursuant to the terms of the
prior stipulation and agreed order.

The Court will hold a hearing on this motion on Jan. 23, 2018 at
2:30 p.m.

The Court previously granted the Debtor the right to use cash
collateral, pursuant to a stipulation and agreed order with
Profinium, Inc. That right to use cash collateral of Profinium,
Inc. expires January 31, 2018.

The Creditors with a purported lien in cash collateral are: (a)
Profinium Financial; (b) Southern Minnesota Initiative Foundation;
and (c) Sabra Otteson. Each Creditor has a blanket lien on all of
the assets of the Debtor, including cash collateral assets. All of
Debtor's other Secured Lenders have liens in only certain specified
equipment; and have no liens in cash collateral.

There are also two creditors that hold consignment inventory (and
certain related equipment) at the Debtor's business. They are: (d)
Veritiv Operating Company; and (e) FujiFilm Norma American
Corporation.

The Debtor requires the use of cash collateral in order to carry on
its business activities, to pay for its current operations,
including purchases, insurance, utilities, payroll, and payroll
taxes and rent. Debtor will be able to operate, on a cash basis,
and believes that it will be able to obtain a confirmed plan and
reorganization in accordance with existing rules and statutes.

The Debtor proposes that it be authorized to grant to Profinium,
Inc. an extension of the current stipulation and agreed order,
extending the terms for which the Debtor may continue to use cash
collateral. However, if Profinium, Inc. will not agree to such
extensions, the Debtor proposes, a replacement lien or a security
interest in any new assets, materials and accounts receivable,
generated from the use of cash collateral, with the same priority,
dignity, and validity of prepetition liens or security interests.

Specifically, the Debtor proposes granting a replacement lien to
the cash collateral creditors to the extent that it protects them
against diminution of the value of their collateral as it existed
at the time of the commencement of this proceeding. In addition,
the Debtor proposes:

      (1) to maintain insurance on all of the property in which the
Cash Collateral Creditors (and all other secured creditors) claim a
security interest;

      (2) to pay all post-petition federal and state taxes,
including timely deposit of payroll taxes;

      (3) provide the Cash Collateral Creditors (and all other
secured creditors, upon reasonable notice), access during normal
business hours for inspection of their collateral and the Debtor's
business records; and

      (4) all cash proceeds and income of the Debtor will be
deposited into a Debtor in Possession Account.

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

           http://bankrupt.com/misc/mnb17-33322-31.pdf

                    About Journal-Chronicle Co.

Journal-Chronicle Company, a Minnesota corporation --
http://www.j-cpress.com/services-- provides offset, digital and
wide-format printing services. The Company also offers mailing,
fulfillment and marketing support to its clients. J-C Press works
with UPS, FedEx, USPS and a variety of other carriers to make sure
customers get the products on time.  The company ships to all 50
states and across the globe.

Journal-Chronicle Company, doing business as J-C Press, filed a
Chapter 11 petition (Bankr. D. Minn. Case No. 17-33322) on Oct. 23,
2017.  Patrick J. McDermott, president, signed the petition.  At
the time of filing, the Debtor estimated assets and liabilities at
$1 million to $10 million.

The case is assigned to Judge William J Fisher.

The Debtor is represented by Thomas Flynn, Esq., at Larkin Hoffman
Daly & Lindgren Ltd.


KIKO USA: To Close Nearly All Stores & File Full-Payment Plan
-------------------------------------------------------------
Kiko USA, Inc., the U.S.-based, wholly owned subsidiary of Italian
cosmetics retailer Kiko SpA, has sought Chapter 11 protection with
plans to close nearly all of its remaining stores.

KIKO S.p.A. was founded in 1997 by Stefano Percassi, and it is
controlled, through Odissea S.r.L., by Antonio Percassi, an Italian
entrepreneur who has founded family-owned companies based in
Bergamo, Italy.  KIKO S.p.A. has grown in size, through itself and
various subsidiaries, to more than 1,000 KIKO-branded retail
locations across Europe, the United States and various other global
markets (including United Arabs Emirates, Turkey, India, Hong Kong,
and Russia).

The Debtor was incorporated as a Delaware corporation in March of
2013. Shortly thereafter, the Debtor began leasing retail stores in
the United States, primarily in "Class A" malls (prime locations).
The Debtor currently operates 29 retail store locations -- 28 in
U.S.A. mainland and one location in San Juan, Puerto Rico.  
See http://www.kikocosmetics.com/en-us/utils/store-locator.html

Through the Debtor, KIKO-branded products are advertised, marketed,
and sold in retail stores in the United States as affordable
European-designed and produced products for every consumer, without
a particular targeted consumer.  The Debtor's products are also
available in the United States via online sales via the Debtor's
website http://www.kikocosmetics.com/en-usand, more recently, on
Amazon.com utilizing the Fulfillment by Amazon program (Amazon
Prime). The products are sourced and purchased by KIKO USA through
KIKO S.p.A., and warehoused locally and supplied into the U.S.A.
operations (Stores and Ecommerce) through a third party external
logistics provider (Wit Logistics) based in Monroe Township, New
Jersey.

Unfortunately for the Debtor, its retail sales have not been
sufficient to cover its costs, which consist primarily of rent and
labor.

The Debtor's sole shareholder, KIKO S.p.A, has provided equity
advances to the Debtor, from time to time, allowing the Debtor to
have sufficient liquidity to cover its prior operating losses.

At end of July 2017, CEO Frank Furlan was tasked with trying to
negotiate lower rents and/or early termination payment from most of
the Debtor's landlords.  While the Debtor approached most of its
(San Juan Mall excluded) landlords, and offered buyout payments for
early termination, it was only able to achieve one early
termination agreement, for a location that closed December 31,
2017.  Additionally, the Debtor has exercised its contractual
termination rights based on store sales at its Garden State Plaza,
New Jersey location, with such termination to be effective in May,
2018.

Both the KIKO.com and Amazon business units are progressing
positively in terms of sales, reflecting a consolidated double
digit increase in December 2017 vs. previous year.  The company
activated Amazon Prime in August 2017.

The Debtor is working closely with its advisors on closing
underperforming stores and negotiating go-forward concessions with
remaining landlords to ensure long-term viability.

The Debtor has commenced store closings and plans to close 24
remaining underperforming stores.  The Debtor expects to complete
these 24 store closings (and vacate such premises) by Feb. 28, 2018
and reject the corresponding leases by no later than February 28,
2018.

                      29 Stores at Present

At present, the Debtor has 29 retail stores in the U.S.A., located
in 26 shopping malls and 3 street locations:

  * 2 in Connecticut: Danbury Mall, Trumbull Mall;

  * 5 in New Jersey: Garden State Plaza Mall, Deptford Mall,
Newport Jersey City Centre Mall, Woodbridge Center Mall, Rockaway
Townsquare Mall;

  * 6 in New York: Kings Plaza Mall, Times Square street location,
World Trade Center Mall, Queens Center Mall, Staten Island Mall,
Palisades Center Mall;

  * 1 in Rhode Island: Providence Mall;

  * 2 in Florida: Lincoln Road street location, Sawgrass Mills
Outlet Center Mall;

  * 1 in Maryland: Annapolis Mall;

  * 1 in Puerto Rico: Mall of San Juan;

  * 1 in Texas: McAllen La Plaza Mall;

  * 2 in Virginia: The Fashion Centre at Pentagon Mall, Potomac
Mills Outlet Mall;

  * 7 in California: Los Cerritos Center Mall, Stonewood Mall,
Hollywood and Highlands street location, Lakewood Centre Mall,
Northridge Fashion Centre Mall, Del Amo Fashion Centre Mall,
Thousand Oaks Mall; and

  * 1 in Nevada: Fashion Show Mall.

The Debtor employs 244 employees, including 95 full-time employees,
105 part-time employees, and 44 seasonal employees.

           Shareholder DIP Loan and Chapter 11 Plan

KIKO S.p.A., as the Debtor's sole shareholder, has agreed to
provide the operating capital necessary to operate in Chapter 11
via a debtor-in-possession loan pursuant to 11 U.S.C. Sec. 364.

The Debtor's plan of reorganization, will provide operationally for
the reorganized Debtor to emerge from chapter 11 with 5 core retail
locations as well as its ecommerce business through its own web
site and Amazon.com.  Allowed claims of unsecured creditors will be
paid in full under the plan upon its effective date.

                          About KIKO USA

KIKO USA, Inc., is a retailer of cosmetics and a wholly-owned
subsidiary of Italy's KIKO S.p.A.  KIKO S.p.A. was founded in 1997
by Stefano Percassi, and it is controlled, through Odissea S.r.L.,
by Antonio Percassi, an Italian entrepreneur who has founded
family-owned companies based in Bergamo, Italy.  KIKO USA's
products are also available in the United States via online sales
via the Web site http://www.kikocosmetics.com/and, more recently,
on Amazon.com utilizing the Fulfillment by Amazon program (Amazon
Prime).  KIKO USA has 29 retail stores in the U.S.A. located in 26
shopping malls and three street locations.

KIKO USA sought Chapter 11 protection (Bankr. D. Del. Case No.
18-10069) on Jan. 11, 2018, with plans to close 24 of 29 stores.

The Debtor estimated assets and liabilities of $1 million to $10
million.

The Hon. Mary F. Walrath is the case judge.

The Debtor tapped SAUL EWING ARNSTEIN & LEHR LLP as local
bankruptcy counsel; PERKINS COIE LLP as general bankruptcy counsel;
MARK SAMSON as CRO; and BMC GROUP as claims agent.


KIKO USA: To Honor or Refund All Gift Cards
-------------------------------------------
To ensure that a not a single retail or online customer suffers any
loss as a result of its Chapter 11 restructuring, KIKO USA Inc. has
filed with the U.S. Bankruptcy Court for the District of Delaware a
motion seeking approval to honor purchased and unredeemed gift
cards.

The Debtor maintains a program by which its customers can purchase
physical pre-paid, non-expiring gift cards in various denominations
ranging from $20 to $999.

The Debtor estimates that as of the Petition Date, approximately
$83,000 in purchased and unredeemed gift cards is outstanding.  In
addition to physical gift cards, approximately $9,000 of in-store
credits have been issued and are outstanding.

The Debtor seeks authority to maintain the gift card program after
the Petition Date in the ordinary course and to honor all gift
cards.

On the Petition Date, the Debtor ceased issuing gift cards at
locations that will be closed.  The Debtor will continue to honor
gift cards at locations that are slated for closure through the
date of the store closure.  For stores that remain open, gift cards
can continue to be used indefinitely with no changes.

For any store that is slated for closure, customers are encouraged
to use their gift card prior to the store closing.  Gift Cards will
be honored in stores until the date of store closing.  Any customer
who does not use his/her Gift Card at his/her local store prior to
the closing may request a refund by simply calling KIKO customer
service at 844-KIKOUSA (1-800-545-6872) or writing to KIKO at
customercare-us@kiko-us.zendesk.com.  The customer will be
instructed where to send the unredeemed Gift Card and asked for
his/her name, address and phone number to process the refund (and
the Debtor will also pay postage so there will be no out of pocket
costs of any kind for the customer).  Any refund request for a
valid gift card will be honored.

KIKO will honor any refund request without placing a time limit on
such requests.  Customers may request refunds during the entire
pendency of the Chapter 11 Case as well as after the closing of the
Chapter 11 case.  KIKO anticipates that refunds will be effectuated
in 30 days or less.

                          About KIKO USA

KIKO USA, Inc., is a retailer of cosmetics and a wholly-owned
subsidiary of Italy's KIKO S.p.A.  KIKO S.p.A. was founded in 1997
by Stefano Percassi, and it is controlled, through Odissea S.r.L.,
by Antonio Percassi, an Italian entrepreneur who has founded
family-owned companies based in Bergamo, Italy.  KIKO USA's
products are also available in the United States via online sales
via the Web site http://www.kikocosmetics.com/and, more recently,
on Amazon.com utilizing the Fulfillment by Amazon program (Amazon
Prime).  KIKO USA has 29 retail stores in the U.S.A. located in 26
shopping malls and three street locations.

KIKO USA sought Chapter 11 protection (Bankr. D. Del. Case No.
18-10069) on Jan. 11, 2018, with plans to close 24 of 29 stores.

The Debtor estimated assets and liabilities of $1 million to $10
million.

The Hon. Mary F. Walrath is the case judge.

The Debtor tapped SAUL EWING ARNSTEIN & LEHR LLP as local
bankruptcy counsel; PERKINS COIE LLP as general bankruptcy counsel;
MARK SAMSON as CRO; and BMC GROUP as claims agent.


LEADVILLE CORPORATION: Creditors Seek Appointment of Ch. 11 Trustee
-------------------------------------------------------------------
Petitioning Creditors, La Plata Mountain Resources, Inc., Salem
Minerals, Inc., and Black Horse Capital, Inc., ask the U.S.
Bankruptcy Court for the District of Colorado to appoint a Chapter
11 Trustee in the Chapter 11 case of Leadville Corporation.

The Petitioning Creditors tell assert that a trustee is needed: (1)
to investigate the assets and debts of the Debtor; (2) to
investigate the prior conduct of the Debtor, including whether such
conduct constituted fraud; (3) to protect the value of the Debtor's
assets; (4) to manage the affairs of the Debtor; and (5) to
eventually determine the manner in which, and take the necessary
actions to, bring the bankruptcy case to a conclusion.

The Debtor is a Colorado corporation that owns more than forty
mining claims in Lake County and Park County, Colorado ("Mining
Claims"). The Petitioning Creditors assert that the Mining Claims
are very valuable assets believed to be worth in excess of $20
million. However, many of the Mining Claims are currently
encumbered by tax liens.

The deadlines for the Debtor to redeem certain tax liens
encumbering the Mining Claims are approaching. Currently, there is
no way for the Debtor to negotiate a DIP loan. Likewise, there is
no way for the Debtor to request an extension of the redemption
periods to allow for the loan to close and the tax liens to be
redeemed prior to the expiration of the redemption periods. One or
more of the Petitioning Creditors has agreed to provide a DIP loan
to fund the redemption of the tax liens.

The Petitioning Creditors assert that failure of the Debtor to take
such actions will result in the diminution of the value of the
estate since the value of the Mining Claims will be lost, to the
detriment of the estate, creditors, and the Debtor.

The Petitioning Creditors contend that the Debtor is no longer
actively operating, and its board of directors has essentially been
disbanded since it currently consists of only one member who has
medical complications and resides in a nursing home. As a result,
there are no active officers or directors to investigate the
assets, debts, and prior actions of the Debtor, or to take actions
on behalf of the Debtor to protect and preserve the value of its
assets.

The Petitioning Creditors submit that without the appointment of a
trustee, there will be great diminution of the value of the assets
of the estate. If a trustee is not appointed, the Debtor will not
be able to obtain the funds, which the Petitioning Creditors intend
to provide through a DIP loan, to redeem the tax liens on the
Mining Claims, and the deadlines to redeem the tax liens will pass.
As a result, the value of the Mining Claims would not be realized
by the estate, and creditors would be irreparably harmed.

Additionally, the Petitioning Creditors tell the Court that due to
the inability of the only remaining member of the Debtor's board of
directors to assist in the bankruptcy proceedings, a trustee is
needed to investigate the assets, debts, and prior conduct of the
Debtor, to manage the Debtor's affairs, and to pay creditors and
bring the bankruptcy case to an eventual conclusion.

Accordingly, the Petitioning Creditors assert that it is in the
best interests of all parties that a trustee be appointed to
conduct such investigations, to take any other actions necessary to
protect the assets of the Debtor for the estate, and to provide for
the estate to make distributions to creditors and interest holders
on account of their claims.

             About Leadville Corporation

Headquartered in Aurora, Colorado, Leadville Corporation was
organized in 1945 to acquire, explore and develop mining
properties, primarily in Lake and Park Counties, Colorado.

The Petitioning Creditors, La Plata Mountain Resources, Inc., Salem
Minerals, Inc., and Black Horse Capital, Inc. filed an Involuntary
Petition against Leadville Corporation (Bankr. D. Colo. Case No.
17-21646) on December 27, 2017. The case is assigned to Judge
Michael E. Romero.

Leadville Corporation is indebted to the Petitioning Creditors as
follows: (a) $7,501,737.91 to La Plata Mountain Resources, Inc.
based upon judgments it holds against the Debtor; (b) $14,766.39 to
Black Horse Capital, Inc. based upon tax liens it holds against the
Debtor; and (c) $17,310.84 to Salem Minerals, Inc. based upon tax
liens it holds against the Debtor.

The Petitioning Creditors are represented by Kenneth J. Buechler,
Esq. at Buechler & Garber, LLC.


MRI INTERVENTIONS: Satterfield Has 5.8% Stake as of Dec. 31
-----------------------------------------------------------
Thomas A. Satterfield, Jr. disclosed in a Schedule 13G/A filed with
the Securities and Exchange Commission that as of Dec. 31, 2017, he
beneficially owns 600,000 shares of common stock of MRI
Interventions, Inc., constituting 5.8 percent based on 10,401,115
shares of Common Stock of the issuer outstanding as of November 1,
2017, as reported by the issuer in its Quarterly Report on Form
10-Q for the quarter ended Sept. 30, 2017, filed with the
Securities and Exchange Commission on Nov. 6, 2017.

With respect to the beneficial ownership reported for Thomas A.
Satterfield, Jr., 100,000 shares are held by Tomsat Investment &
Trading Co., Inc., a corporation wholly owned by Mr. Satterfield
and of which he serves as president; 200,000 shares are held by
Caldwell Mill Opportunity Fund, which fund is managed by an entity
of which Mr. Satterfield owns a 50% interest and serves as chief
investment manager; and 250,000 shares are held by A.G. Family
L.P., a limited partnership with respect to which Mr. Satterfield
has a limited power of attorney for voting and disposition purposes
but that has the right to receive or the power to direct the
receipt of the proceeds from the sale of its shares.

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

                     https://is.gd/HnlQdq

                   About MRI Interventions

Irvine, California, MRI Interventions, Inc. --
http://www.mriinterventions.com/-- is a medical device company
that develops and commercializes innovative platforms for
performing minimally invasive surgical procedures in the brain and
heart under direct, intra-procedural magnetic resonance imaging, or
MRI, guidance.  From its inception in 1998 to 2002, the Company
deployed significant resources to fund its efforts to develop the
foundational capabilities for enabling MRI-guided interventions and
to build an intellectual property portfolio.  In 2003, the
Company's focus shifted to identifying and building out commercial
applications for the technologies we developed in prior years.

MRI Interventions incurred a net loss of $8.06 million in 2016,
compared to a net loss of $8.44 million in 2015.  As of Sept. 30,
2017, MRI Interventions had $15.45 million in total assets, $8.17
million in total liabilities and $7.28 million in total
stockholders' equity.

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company incurred net
losses during the years ended Dec. 31, 2016, and 2015 of
approximately $8.1 million and $8.4 million, respectively.
Additionally, the stockholders' deficit at Dec. 31, 2016, was
approximately $756,000.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


NATIONAL EVENTS: Taly Not Aware of Ponzi Scheme, Examiner Says
--------------------------------------------------------------
Alan D. Halperin, the court appointed Examiner for National Events
of America, Inc., and New World Events Group, Inc., files his
report the U.S. Bankruptcy Court for the Southern District of New
York.

After discussion with the U.S. Trustee, Tally USA Holdings Inc. and
SLL USA Holdings, LLC (together, "Taly"), Hutton Ventures LLC, the
Unsecured Creditors and the Receiver, it was determined that the
only party that might fall within the scope of the Investigation
was Taly, and specifically whether Taly had taken any action
related to the Ponzi scheme or had any knowledge of the scheme upon
which it acted that could result in a challenge to Taly's claims or
give rise to a cause of action against Taly.

On May 31, 2017, Jason Nissen, the former chief executive officer
of the Debtors, was arrested and charged by the Federal Bureau of
Investigation ("FBI") with running a Ponzi or otherwise fraudulent
scheme, among other things, which allegedly defrauded victims of at
least $70 million.

As indicated in the criminal complaint filed in the United States
District Court for the Southern District of New York, Nissen told
the victims of his Ponzi scheme that he would use the money they
gave him to purchase tickets to various events, but in fact used
the money to repay other victims and enrich himself. The Criminal
Complaint is filed in case number 17 MAG 4096.

On about June 1, 2017, Tally USA Holdings Inc. and SLL USA
Holdings, LLC, commenced a lawsuit in the Supreme Court of the
State of New York, New York County, against Nissen, National Events
of America, Inc., National Events Intermediate LLC, National Events
Holdings LLC, National Event Company II LLC, National Event Company
III, LLC, World Events Group II, LLC, New World Events Group, Inc.,
and Winter Music Festival LLC. The Taly Litigation was given Index
No. 652865/2017.

The Examiner and his professionals analyzed the information
obtained from produced and publicly available documents, interviews
and independent research to determine whether Taly had taken any
action related to the Ponzi scheme or had any knowledge of the
scheme upon which it acted that could result in a challenge to
Taly's claims or give rise to a cause of action against Taly.

The Investigation revealed that Taly was introduced to Nissen
through Jona Rechnitz in late 2011 or early 2012. As a professional
relationship developed between Yaron Turgeman of Taly and Nissen,
they also developed a personal friendship. From January of 2012
through November of 2013, Taly and Nissen entered into a number of
event specific loans ("First Loans") -- the First Loans were made
between Taly Diamonds NY LLC as holder and World Events Group, Inc.
or National Event Company II, LLC as maker.

The Examiner found approximately 17 loans, which totaled
approximately $9 million, which comprised the First Loans. The
Investigation showed that Taly was repaid in full for all of the
First Loans.

The Examiner could find no evidence of loans made by Taly to any of
the Debtors between approximately November of 2013 and June of
2016. According to the parties that the Examiner interviewed and
the documents produced, the gap in the Taly/Nissen relationship
during this time was due to the fact that the LLC Debtors received
structured funding from Falcon Investment Advisors, LLC during this
period.

The lending relationship between Taly and the Corporate Debtors
resumed around June of 2016 through March of 2017 -- when Taly USA
Holdings, Inc., or SLL USA Holdings LLC as holder and National
Events of America, Inc., as maker entered into a number of event
specific loans -- the Second Loans. Nissen also executed a number
of personal guarantees in favor of Taly during this time frame on
account of the Second Loans.

The Second Loans were comprised of approximately 24 loan agreements
that totaled just under $48 million gross. This gross amount likely
exceeds gross exposure in part due to double-counting as a result
of the roll-over of prior loans as discussed below.

Starting sometime in early 2017, Nissen began to roll-over Taly's
investments from one event to another without Taly's consent. At
some point the loan roll-overs caused Taly to become increasingly
concerned over the Corporate Debtors' creditworthiness and ability
to repay the Second Loans. Taly began to request detailed financial
information and bank statements, which were things they had not
asked for previously.

On May 7, 2017, Nissen met with Mr. Turgeman (the CEO of Taly) in
person, planning to confess to running a Ponzi scheme. At some
point during the in person meeting, Mr. Turgeman stopped the
meeting and requested that Nissen leave and call him later. During
the subsequent telephone call that followed later that same day
Nissen confessed to running the Ponzi scheme, falsifying financial
documents (including, without limitation, bank statements and
QuickBooks files) and inflating accounts receivable ledgers to
cover up his fraud.

The Examiner understands that the reason Nissen chose to confess to
Taly is he had recently discovered his companies would not get a
clean audit for 2016, which Nissen had been counting on in order to
get additional funding for the Debtors. According to Nissen, he
believed that this additional funding would enable him to reduce
costs and repay his other creditors which would allow him to get
out of debt and grow the business. However, the companies were
already running out of funds, and with no additional money coming
in the Ponzi scheme could not be maintained.

The Examiner understands through his interview with Nissen that
before Taly grew concerned about the repayment of its loans, Taly
had previously expressed interest in possibly acquiring an
ownership interest in the Debtors' business. Nissen cited that as
the reason he believed that Taly might be interested in acquiring
the business at this stage as a means of salvaging the situation.

After recording Nissen's confession at the May 8th meeting, Taly
executives reported Nissen to the FBI and then commenced the Taly
Litigation. The LLC Debtors filed their bankruptcy cases in early
June 2017 and the Corporate Debtors filed later that month.

According to the information the Examiner reviewed, Taly loaned
approximately $57,000,000 gross to the Debtors over approximately a
five year period. During that time, certain Taly executives also
had personal relationships with Nissen. Despite these longstanding
business and personal relationships, the Examiner found no evidence
during the course of his investigation from which he could conclude
that Taly had any knowledge of Nissen's fraud prior to May 7, 2017,
or in any way furthered that fraud or participated in it.

The information obtained and reviewed by the Examiner shows that
Taly did grow more concerned about repayment of the Second Loans
during the months that preceded Nissen's confession, requesting
detailed financial information and demanding meetings with Nissen's
bank when loan repayments were not received. However, the actions
taken by Taly are consistent with a creditor concerned about
repayment, not with an entity knowledgeable of a fraud or
participating in that fraud. The interviews, documents reviewed,
and reasonable inferences drawn therefrom only show that these
diligence and collection efforts were made by a company that had
significant credit concerns and acted in its interest to obtain
better information and attempt to recover the funds it had loaned
to the Debtors.  

The Examiner finds that Nissen confessed to Taly in early May, and
Taly took steps to document those meetings, promptly went to the
FBI with the information they obtained regarding Nissen's fraud and
commenced the Taly Litigation to appoint a receiver shortly
thereafter. Once the Receiver was appointed and the Corporate
Debtors filed their bankruptcy cases, Taly served as a DIP lender,
funding the investigation into the Ponzi scheme and into Taly's own
pre-petition conduct. It is notable that in addition to the lack of
any evidence to the contrary, Taly's actions as well as the speed
with which Taly acted upon learning of the fraud are inconsistent
with a party that participated or knowingly acted to benefit from
the subject fraud.

The reasonable inference from Taly's actions both prior to and
after the commencement of the Debtors' cases is consistent with the
information obtained from the Examiner's interviews - that Taly had
no knowledge of the Ponzi scheme prior to Nissen’s confession on
May 7, 2017

A full-text copy of the Examiner's Report is available at:

              http://bankrupt.com/misc/nysb17-11798-114.pdf

                 About National Events Holdings

National Events Holdings, LLC, et al., operate together a ticket
broker and wholesale distributor of tickets for sporting and
theatrical events that was formed in 2006.  The Debtors provide
ticketing services for all concert, theater and sporting event
tickets, as well as various V.I.P. hospitality packages that
deliver exclusive access to big name events, including hotels,
celebrity meet and greets and exclusive parties.

National Events Holdings, et al., filed for Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 17-11556) on June 5,
2017.

The Debtors' attorneys are Stephen B. Selbst, Esq., and Hanh V.
Huynh, Esq., at Herrick, Feinstein LLP, in New York.  Timothy
Puopolo of RAS Management Advisors, LLC, is the Debtors' as chief
restructuring officer.


NEPHROS INC: Wexford Capital Has 56.6% Stake as of Dec. 20
----------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of shares of common stock of Nephros, Inc. as of Dec. 20, 2017:

                                   Shares      Percentage
                                Beneficially       of
  Name                              Owned         Shares
  ----                          ------------   ----------
Lambda Investors LLC             30,400,424       55.35%
Wexford Capital LP               31,234,031       56.63%
Wexford GP LLC                   31,234,031       56.63%
Charles E. Davidson              31,234,031       56.63%
Joseph M. Jacobs                 31,234,031       56.63%

Since the date of the transactions reported in Amendment No. 9, the
Company granted the following to each of Mr. Arthur H. Amron, a
partner and secretary of Wexford Capital LP, and Dr. Paul Mieyal,
an employee of Wexford Capital LP, in respect of their service as a
director of the Company:

   (i) 58,240 shares of Restricted Stock of the Company, with a
       grant date of Sept. 9, 2015;

  (ii) 73,864 shares of Restricted Stock of the Company, with a
       grant date of Aug. 24, 2016;

(iii) An option to purchase 33,880 shares of Common Stock of the
       Company, with a grant date of Aug. 24, 2016;

  (iv) 73,864 shares of Restricted Stock of the Company, with a
       grant date of Dec. 20, 2017, with respect to Mr. Arthur H.
       Amron only;

   (v) 73,863 shares of Restricted Stock of the Company, with a
       grant date of Dec. 20, 2017, with respect to Dr. Paul
       Mieyal only; and

  (vi) An option to purchase 40,284 shares of Common Stock of the
       Company, with a grant date of Dec. 20, 2017.

A full-text copy of the Amendment 10 to Schedule 13D is available
for free at https://is.gd/Mh9aMd

                       About Nephros, Inc.

River Edge, N.J.-based Nephros, Inc. -- http://www.nephros.com/--
is a commercial stage medical device company that develops and
sells liquid purification filters.  Its filters, which it calls
ultrafilters, are primarily used in dialysis centers and healthcare
facilities for the production of ultrapure water and bicarbonate.

Moody, Famiglietti & Andronico, LLP, in Tewksbury, MA, issued a
"going concern" qualification in its report on the consolidated
financial statements for the year ended Dec. 31, 2016.  It said,
"[T]he Company has incurred negative cash flow from operations and
recurring net losses.  These conditions, among others, raise
substantial doubt about its ability to continue as a going
concern."

Nephros reported a net loss of $3.03 million on $2.32 million of
total net revenues for the year ended Dec. 31, 2016, compared with
a net loss of $3.08 million on $1.94 million of total net revenue
for the year ended Dec. 31, 2015.  As of Sept. 30, 2017, Nephros
had $2.82 million in total assets, $2.55 million in total
liabilities and $265,000 in total stockholders' equity.


OUTSOURCING STORAGE: Unsecureds to Get 10% of Allowed Claim
-----------------------------------------------------------
Outsourcing Storage, Inc., has filed its disclosure statement and a
plan of reorganization with the U.S. Bankruptcy Court for the
Middle District of Pennsylvania.

Unsecured claim holders will be paid 10% of their allowed claim,
payable in five equal annual installments of 2% each.  The first
installment will be paid on or about six months after the effective
date of the plan, with each succeeding annual installment
continuing on the same month of each succeeding four years
thereafter.

All professional administrative claims will be paid in cash on or
before the confirmation date of the plan, or as otherwise agreed in
writing by the claimant and the debtor.

Administrative claim holders will be paid in the ordinary course of
business, within 60 days after the effective date of the plan, or
as otherwise agreed by the claimant and the debtor, whichever of
these dates are later.

Fees owed to the Office of the U.S. Trustee will be paid in the
regular course by 30 days after the close of each calendar quarter.
To the extent that any fees are owed to the Office of the U.S.
Trustee as of the confirmation date, such fees are to be paid by
the debtor.

All priority tax claims, once fixed, are to be paid in full on or
before five years from the petition date, together with interest at
the rate of 3% per annum. Interest will begin to accrue as of the
effective date of the plan on the unpaid tax balance. Payments will
be made on a regular monthly basis on the agreed upon amount of a
tax claim, with each payment to begin during the first calendar
month after the effective date of the plan.

The equity holder, 1947198 Ontario, Inc., owns 100% of the equity
in the debtor. At the option of such shareholder, the equity
interest in the debtor will either be retained or canceled as of
the effective date. If the shares are canceled, the equity holder
will be issued new shares in the same percentage as exists
pre-petition.

Outsourcing Storage intends to continue to operate its warehousing
and shipping business. The debtor has been increasing its business
operations and seeking additional customers. It believes that its
business operations can be operated efficiently in an amount
sufficient to fund the plan. The debtor also intends to consider
asking certain affiliates or other entities to sell real estate or
utilize such real estate to secure loans which would be utilized to
pay priority tax claims.

Full-text copies of Outsourcing Storage's disclosure statement and
plan of reorganization dated December 11, 2017 are available at:

       http://bankrupt.com/misc/pamb17-bk-00581-109.pdf
       http://bankrupt.com/misc/pamb17-bk-00581-108.pdf

                   About Outsourcing Storage

Outsourcing Storage, Inc., is engaged in a warehousing, storage and
shipping business for companies throughout the United States.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M. D. Pa. Case No. 17-00581) on Feb. 13, 2017.  The
case is assigned to Judge Robert N. Opel II.

At the time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of less than $50,000.

Cunningham, Chernicoff & Warshawsky, P.C., has been tapped to serve
as legal counsel to the Debtor.


PALADIN ENERGY: Disclosure Statement Has Conditional Court Approval
-------------------------------------------------------------------
Judge Mark X. Mullin of the U.S. Bankruptcy Court for the Northern
District of Texas has issued an order approving the disclosure
statement filed by Paladin Energy Corp.

The judge conditioned approval of the disclosure statement on the
debtor making two changes:

     (i) to add a bar date for rejection damages claims, if
         applicable, to the Plan; and

     (ii) changing the bold language "shall be deemed waived" in
          section V.B of the disclosure statement to "may be
          deemed waived."

The voting deadline is set to January 10, 2018.  Any objections to
the confirmation of the plan must be filed and served, as is
otherwise appropriate, no later than January 10, 2018.

The debtor shall file a tabulation of ballots, which shall include
any ballots that have been rejected and an explanation of why they
have been rejected, no later than January 11, 2018.

A hearing to consider confirmation of the plan is set for January
12, 2018 at 9:30 a.m.

A full-text copy of Judge Mullin's order dated December 11, 2017 is
available at http://bankrupt.com/misc/txnb16-31590-bjh11-290.pdf

                      About Paladin Energy

Paladin Energy Corp. sought chapter 11 protection (Bankr. N.D. Tex.
Case No. 16-31590) on Apr. 21, 2016.  The Debtor is represented by
Davor Rukavina, Esq., at Munsch, Hardt, Kopf & Harr, P.C., in
Dallas, Texas.   The Debtor estimated assets ranging from $10
million to $50 million and estimated debts ranging from $10 million
to $50 million.


PETROQUEST ENERGY: MacKay Shields Has 7.18% Stake as of Dec. 31
---------------------------------------------------------------
MacKay Shields LLC reported to the Securities and Exchange
Commission that as of Dec. 31, 2017, it beneficially owns 1,527,557
shares of common stock of PetroQuest Energy Inc., constituting 7.18
percent of the shares outstanding.  A full-text copy of the
regulatory filing is available for free at:

                      https://is.gd/gQW3Ui

                       About Petroquest

Lafayette, La.-based PetroQuest Energy, Inc. --
http://www.petroquest.com/-- is an independent energy company
engaged in the exploration, development, acquisition and production
of oil and natural gas reserves in the Texas, Louisiana and the
shallow waters of the Gulf of Mexico.  PetroQuest's common stock
trades on the New York Stock Exchange under the ticker PQ.

PetroQuest reported a net loss available to common stockholders of
$96.24 million in 2016 and a net loss available to common
stockholders of $299.9 million in 2015.  The Company's balance
sheet at Sept. 30, 2017, showed $159.5 million in total assets,
$415.7 million in total liabilities and a total stockholders'
deficit of $256.20 million.
   
                          *     *     *

In June 2017, Moody's Investors Service withdrew all assigned
ratings for PetroQuest Energy, including the 'Caa3' Corporate
Family Rating, following the elimination of all of its rated debt.

As reported by the TCR on Dec. 7, 2017, S&P Global Ratings raised
its corporate credit rating on Lafayette, La.-based exploration and
production company PetroQuest Energy Inc. to 'CCC+' from 'CCC'.
The rating outlook is negative.  "The upgrade reflects our
assessment that PetroQuest is likely to generate sufficient cash
flow and, along with continued access to its multidraw term loan,
have sufficient liquidity to meet cash interest requirements
through 2018.  The company has the option to make PIK interest
payments on its second-lien senior secured PIK notes through August
2018 at 1% cash interest and 9% PIK.


PITTSBURGH PROPERTY: Filed Ch. 11 with Intent to Defraud, Ct. Finds
-------------------------------------------------------------------
Bankruptcy Judge Gregory L. Taddonio granted in rem relief in favor
of taxing authorities McKeesport Area School District and City of
McKeesport, and South Allegheny School District in the case
captioned McKEESPORT AREA SCHOOL DISTRICT, CITY OF McKEESPORT, &
SOUTH ALLEGHENY SCHOOL DISTRICT, Movants, v. CITY OF PITTSBURGH
PROPERTY DEVELOPMENT, INC., Respondent, Case No. 17-22729-GLT
(Bankr. W.D. Pa.).

The Court finds that the Debtor, City of Pittsburgh Property
Development, Inc., filed its bankruptcy petition in the present
case as "part of a scheme to delay, hinder, or defraud" the movants
through the non-consensual transfer of real property upon which the
taxing authorities hold liens.

In rem relief is warranted for creditors holding secured claims
against real property "if the court finds that the filing of the
petition was part of a scheme to delay, hinder, or defraud
creditors that involved . . . [the] transfer of all or part
ownership of, or other interest in, such real property without the
consent of the secured creditor or court approval.

The timing of a bankruptcy filing in relation to a transfer impacts
the determination of whether it may be part of such a scheme.
Courts have held that nonconsensual transfers warrant in rem relief
if they were "made on the eve of a bankruptcy filing." In contrast,
another bankruptcy court held that a transfer that preceded a
bankruptcy filing by nearly a year "weighs against a finding of a
filing being part of . . . a scheme." Here, the McKeesport
Properties were transferred on the eve of the Debtor's bankruptcy
filing, which occurred just two days later. The timing of the
Glassport Property is also suspect because although the transfer
occurred the prior year, the Debtor did not record the deed until
it had already commenced its bankruptcy case, and neither
shareholder Prasad Maragabandhu Bandhu nor Adelita Enterprises, Inc
made South Allegheny aware of any division of the ownership
interest when they entered into the payment plan agreement.

Transfers are generally not part of a scheme to delay, hinder, or
defraud where an adequate justification for the transaction exists.
In In re 177 Weston Road, LLC, the court held that the
non-consensual transfer of a mortgaged property by the mortgagor
and his guarantors to a newly formed limited-liability company that
petitioned for chapter 11 relief to avoid a sheriff's sale did not
warrant in rem relief.  There, the mortgagor "persuasively
testified" that he transferred the property so that only one entity
would hold title and to prevent the former interest holders from
filing individual bankruptcies to forestall foreclosure. He also
disclosed that he had first tried to "actively and aggressively
market the property," and he indicated "his willingness to use
funds from the sale of other property he owns to satisfy claims
against the [debtor]." Here, the Debtor could not provide any
justification for the transfers despite direct questioning on this
issue. It made no representation about any benefit the transfers
were meant to achieve, nor did it offer any explanation that could
qualify for deference under the business judgment standard. To the
extent there may be some justification buried in the present facts,
the Debtor has not revealed it nor will the Court independently
seek it out.

For these reasons, the Court finds that adequate cause exists for
in rem relief. Accordingly, the Court grants the motions of the
McKeesport Taxing Authorities and South Allegheny for relief from
the automatic stay.

A full-text copy of the Court's Memorandum Opinion dated Jan. 3,
2018 is available at https://is.gd/EZibXZ from Leagle.com.

City of Pittsburgh Property Development, Inc., Debtor, represented
by Jeffrey T. Morris -- morris@elliott-davis.com -- Elliott & Davis
PC.

Office of the United States Trustee, U.S. Trustee, represented by
Norma Hildenbrand -- Norma.L.Hildenbrand@usdoj.gov -- Office of the
United States Trustee.

      About City of Pittsburgh Property Development Inc.

City of Pittsburgh Property Development, Inc. sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No.
17-22729) on July 2, 2017.  Prasad Bandhu, president, signed the
petition.  Elliott & Davis, PC represents the Debtor as bankruptcy
counsel.

At the time of the filing, the Debtor disclosed that it had
estimated assets of less than $500,000 and liabilities of less than
$1 million.


POINT.360: Needs More Time to Negotiate With Medley Opportunity
---------------------------------------------------------------
Point.360 asks the U.S. Bankruptcy Court for the Central District
of California to extend the Debtor's plan filing and plan
acceptance exclusivity periods to May 8, 2018, and July 7, 2018,
respectively.

A hearing on the Debtor's request is set for Feb. 1, 2018, at 10:00
a.m.  Objections to the request must be filed no less than 14 days
prior to the hearing date.

The Debtor's current plan and disclosure statement filing deadline
set at the Dec. 14, 2017, case status hearing is April 1, 2018.

The request to extend exclusivity constitutes the Debtor's first.
The Debtor will be similarly seeking approval of stipulations for
90-day extensions of the Debtor's time to assume or reject its real
estate leases.  Fundamental plan-related terms cannot be determined
until claims are filed, reviewed and reconciled for plan treatment.
In addition, the Debtor anticipates filing a motion to approve a
settlement with REEP to resolve that $1 million claim pursuant to
FRBP 9019.  The requested 90-day extension should be sufficient to
allow the Debtor to address these fundamental case contingencies.

The Debtor says that although this is not a "mega case," the
Debtor's Chapter 11 case clearly involves complicated "case
aspects" that create complexity with respect to advancing the case
through a Chapter 11 plan now.  The Debtor must conclude its
negotiations with REEP toward eliminating a potential $1 million
claim in the case and address Medley’s substantial claims once
filed.

Ascertaining a fixed and final schedule of claims to be addressed
under the Debtor's anticipated plan of reorganization is a
fundamental aspect of plan preparation and will determine the term
of any plan that is designed to pay allowed claims in full. The
requested exclusivity extension will presumably provide the Debtor
with sufficient time to conclude its lease negotiations and related
matters involving the landlords, to reconcile claims after the bar
date has passed, to file any objections to claims, and to draft and
propose its Chapter 11 plan.  The requested extension of
exclusivity is reasonable in view of these complicated aspects of
the Debtor's Chapter 11 case.

The Chapter 11 case has not been pending long relative to the
contingencies creating complexity in this particular case.  The
initial 120-days of Debtor's case has been consumed by business
obligations related to preserving and maintain customer and
employee relationships impacted by the Chapter 11 filing and
concurrently fully closing and transitioning operations from its
Empire facility without disrupting workflow.  From a legal
standpoint, the Debtor filed and stabilized its case ultimately
obtaining approval of the DIP Financing facility and addressing
numerous case compliance matters.

The Debtor is operating profitably postpetition, and has timely
paid its postpetition expenses.

The Debtor has a reasonable prospect for filing a viable plan.  The
Debtor's cash flow projections reflect the Debtor's ability to
generate revenues to support a plan.  The Debtor will need to
strategically determine how best to maximize value for the estate
through negotiated resolutions with some or all its substantial
creditors, which may include sale or abandonment of certain
personal property assets.  The Debtor has retained GlassRatner
Advisory & Capital Group, LLC, as financial consultant and expert
witness to support the Debtor's plan formulation efforts.  All this
complex strategic planning is in process and requires additional
time to reasonably conclude in the best interests of the estate.

The Debtor states that it is earnestly working both to maintain
satisfactory relationships and to make progress with its key
creditors and customers.  The Debtor negotiated and concluded the
DIP Financing facility with Austin.  The Debtor negotiated and
resolved executory contract issues with AFCO, ADP, LEAFS and HWay.
The Debtor is continuing negotiations toward resolution of a
substantial almost $1 million claim with REEP.  To date, the Debtor
has remained current on its post-petition obligations.  The Debtor
has cooperated with responding to general creditor inquiries and is
properly administering its Chapter 11 estate.  The Debtor has also
retained a financial consultant to assist the Debtor in developing
its plan.

Medley Opportunity Fund II, LP, remains an adversarial party having
opposed most of the Debtor's requests for relief and having
recently moved for an unspecified form of adequate protection.
Nonetheless, the Debtor's president contacted Medley's business
representative to open a line of communication.  While this contact
has not yet brought consensus, the Debtor remains willing to
negotiate with Medley as matters develop within the bankruptcy
case.  The Debtor anticipates further negotiations with Medley
during the requested extension period.

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

         http://bankrupt.com/misc/cacb17-22432-117.pdf

                        About Point.360

Point.360 (PTSX) -- http://www.point360.com/and  
http://www.mvf.com/-- is a value add service organization
specializing in content creation, manipulation and distribution
processes integrating complex technologies to solve problems in the
life cycle of Rich Media.  With locations in greater Los Angeles,
Point.360 performs high and standard definition audio and video
post production, creates virtual effects and archives and
distributes physical and electronic Rich Media content worldwide,
serving studios, independent producers, corporations, non-profit
organizations and governmental and creative agencies.  Point.360
provides the services necessary to edit, master, reformat and
archive clients' audio and video content, including television
programming, feature films and movie trailers.  Point.360's
interconnected facilities provide service coverage to all major
U.S. media centers.

Point.360 filed a voluntary petition for reorganization under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No.
17-22432) on Oct. 10, 2017.  Haig S. Bagerdjian, the Company's
Chairman, President and CEO, signed the petition.

The Debtor disclosed total assets of $11.14 million and total debt
of $14.77 million as of March 31, 2017.

The Hon. Julia W. Brand is the case judge.

The Debtor hired Lewis R. Landaue, Esq., as bankruptcy counsel, and
TroyGould PC, as transactional counsel.

No trustee has been appointed, and the Company will continue to
operate its business as "debtor in possession" under the
jurisdiction of the Court and in accordance with the applicable
provisions of the Bankruptcy Code and orders of the Court.


PORTER BANCORP: Estate of J. Chester Porter No Longer a Shareholder
-------------------------------------------------------------------
The estate of J. Chester Porter, Betty Porter, Executrix of the
Estate of J. Chester Porter, disclosed in a Schedule 13D/A filed
with the Securities and Exchange Commission that it has ceased to
be the beneficial owner of common stock of Porter Bancorp, Inc.  On
Jan. 2, 2018, the Reporting Person, as Executrix of the Estate of
J. Chester Porter, distributed 639.734 shares of Porter Bancorp's
outstanding voting common stock, without consideration, to the
beneficiaries of the Estate of J. Chester Porter.  A full-text copy
of the regulatory filing is available for free at
https://is.gd/ezE0jy

                     About Porter Bancorp

Porter Bancorp, Inc. (NASDAQ: PBIB) -- http://www.pbibank.com/--
is a Louisville, Kentucky-based bank holding company which operates
banking centers in 12 counties through its wholly-owned subsidiary
PBI Bank.  The Company's markets include metropolitan Louisville in
Jefferson County and the surrounding counties of Henry and Bullitt,
and extend south along the Interstate 65 corridor.  The Company
serves southern and south central Kentucky from banking centers in
Butler, Green, Hart, Edmonson, Barren, Warren, Ohio and Daviess
counties.  The Company also has a banking center in Lexington,
Kentucky, the second largest city in the state.  PBI Bank is a
traditional community bank with a wide range of personal and
business banking products and services.

Porter Bancorp reported a net loss of $2.75 million for the year
ended Dec. 31, 2016, a net loss of $3.21 million for the year ended
Dec. 31, 2015, and a net loss of $11.15 million for the year ended
Dec. 31, 2014.  The Company had $962.96 million in total assets,
$922.9 million in total liabilities and $40.06 million in total
stockholders' equity as of Sept. 30, 2017.


PRITHVI CATALYTIC: Kyko Has No Standing in Suit vs Beyondsoft
-------------------------------------------------------------
Judge Gregory L. Taddonio of the U.S. Bankruptcy Court for the
Western District of Pennsylvania granted the motion for judgment on
the pleadings pursuant to Federal Rule of Bankruptcy Procedure 7012
and Federal Rule of Civil Procedure 12(c) filed by Defendant
Beyondsoft Consulting Inc. and the motion for judgment on the
pleadings pursuant to Federal Rule of Bankruptcy Procedure 7012 and
Federal Rules of Civil Procedure 12(c), 12(b)(1) and 12(b)(6) filed
by Defendants Collabera, Inc., Shannon Krohn, and Ian Olson in the
case captioned PRITHVI CATALYTIC, INC. n/k/a ABILIUS, INC., KYKO
GLOBAL, INC., and KYKO GLOBAL GMBH, Plaintiffs, v. MICROSOFT
CORPORATION, COLLABERA, INC., BEYONDSOFT CORPORATION, IAN OLSON,
and SHANNON KROHN, Defendant, Adv. Proc. No. 14-02176-GLT (Bankr.
W.D. Pa.).

The Plaintiffs' complaint asserted ten counts. After the Court's
rulings on the dismissal and summary judgment motions, the
following counts remain for adjudication:

   Count 2: Tortious Interference with Contractual Relations
against Krohn and Olson. Count 2 alleges that Krohn and Olson acted
intentionally and improperly in their attempts to poach Abilius'
employees. Collabera hired Krohn away from Abilius in December 2013
to manage its customer accounts (including the Microsoft account)
in the Pacific Northwest. Olson joined Collabera in January 2014.
Plaintiffs claim that both former Abilius' executives used improper
means to lure the Abilius resources over to their new employer in
conjunction with an overall effort to transfer the entirety of the
CSS/Mission Control work to Collabera.

   Count 3: Civil Conspiracy against Krohn, Olson, and Collabera.
Count 3 alleges that Krohn, Olson, and Collabera agreed to commit
the tortious actions described in Count 2. In retaining this count,
the Court's summary judgment order observed that Collabera was not
named in Count 2 but that it still might be liable under Count 3.

   Count 5: Tortious Interference with Contractual Relations
against Microsoft and Beyondsoft. Count 5 alleges that Microsoft
and Beyondsoft acted intentionally and improperly by allegedly
poaching Abilius' employees and shepherding them to equivalent
positions at Beyondsoft.

   Count 6: Civil Conspiracy against Microsoft and Beyondsoft.
Count 6 alleges that Microsoft and Beyondsoft agreed to commit the
tortious actions described in Count 5.

   Count 9: Violation of the Automatic Stay and

   Count 10: Civil Contempt for Violation of the Automatic Stay
against Microsoft, Collabera, Krohn, and Olson. In Count 9,
Plaintiffs allege that the actions undertaken by Microsoft,
Collabera, Krohn, and Olson in the other counts were intentional
and occurred during a time when the automatic stay was in place.
Count 10 alleges that Microsoft, Collabera, Krohn, and Olson should
be held in civil contempt for violating the automatic stay order.

Beyondsoft, the Collabera Defendants, and Microsoft move for
judgment on the pleadings under Rule 7012 (incorporating Civil
Rules 12(b)(1), 12(b)(6),22 and 12(c)). Defendants seek to dismiss
Kyko as a plaintiff on all counts for failure to state a claim on
which relief can be granted and that Kyko does not have
constitutional, prudential, and/or statutory standing. Microsoft
explicitly raises the question of the constitutional standing of
Kyko in the adversary proceeding.

Kyko outlined its damage argument in its response to Beyondsoft's
motion for judgment on the pleadings. To summarize the argument,
Kyko incurred "fees and expenses" as the plan proponent to prepare
and support a plan of reorganization under the assumption that
Abilius would continue as a viable corporation after bankruptcy.
However, as a result of the allegedly tortious activities of the
Defendants, there were no financial resources left to compensate
Kyko for its expenditures as plan proponent, thereby leaving it
with a claim for the sums it was otherwise entitled to receive
under section 3.1(c) of the Confirmed Plan.

The Court finds that there are two fundamental and fatal errors in
Kyko's damages argument. First, the language upon which Kyko relies
in section 3.1(c) of the Confirmed Plan was a scrivener's error and
was never intended to be included in the final plan documents.
Kyko, by its contemporaneous actions, knew it was an error but with
the passage of time, it has apparently forgotten. Second, the true
section 3.1(c) that had been distributed to the creditors imposed
an obligation on Kyko to seek its fees and expenses in the
bankruptcy case by separate motion. Kyko did so and the Court
granted the fees and expenses of Kyko as a substantial contribution
claim against the bankruptcy estate. Kyko's claim was not only
allowed, but it was also paid. Consequently, Kyko has no
injury-in-fact resulting from any alleged tortious interference or
alleged violation of the automatic stay by the Defendants and no
constitutional standing in this adversary proceeding.

The bankruptcy case is in re: PRITHVI CATALYTIC, INC. n/k/a
ABILIUS, INC., Chapter 11, Reorganized Debtor, Case No.
13-23855-GLT (Bankr. W.D. Pa.).

A full-text copy of the Court's Memorandum Opinion dated Dec. 29,
2017 is available at https://is.gd/xgxiFr from Leagle.com.

Prithvi Catalytic, Inc., Plaintiff, represented by Kathleen J.
Goldman -- kathleen.goldman@bipc.com -- Buchanan Ingersoll &
Rooney, Christina Orr Magulick -- cmagulick@grsm.com -- Gordon &
Rees, LLP, Timothy P. Palmer -- timothy.palmer@bipc.om -- Buchanan
Ingersoll & Rooney PC & Jayson W. Thomas .

Microsoft Corporation, Defendant, represented by James W. Kraus --
JWK@Pietragallo.com -- Pietragallo Gordon Alfano Bosick & Raspanti,
LLP, Wendy E. Lyon , Riddel Williams P.S., Richard J. Parks --
RJP@Pietragallo.com -- Pietragallo Gordon Alfano Bosick & Raspa &
Joseph E. Shickich, Jr. -- jshickich@foxrothschild.com -- Fox
Rothschild LLP.

Collabera, Inc., Defendant, represented by Lynne Anne Anderson --
lynne.anderson@dbr.com -- Drinker Biddle & Reath LLP, Lawrence J.
Del Rossi -- lawrence.delrossi dbr.com -- Drinker, Biddle, & Reath
LLP, Marita Skye Erbeck , Drinker Biddle & Reath LLP & Alexa E.
Miller -- alexa.miller@dbr.com -- Drinker Biddle & Reath LLP.

Beyondsoft Corporation, Defendant, represented by David James
Morgan , Gordon & Rees LLP & Alexander Wilson Saksen --
asaksen@grsm.com -- Gordon & Rees, LLP.

Ian Olson, Defendant, represented by Alexa E. Miller , Drinker
Biddle & Reath LLP.

Based in Pittsburgh, PA, Prithvi Catalytic, Inc. filed for Chapter
11 bankruptcy protection (Bankr. W.D. Pa. Case No.: 13-23855) on
Sept. 10, 2013 with estimated assets of $1,000,001 to $10,000,000
and estimated liabilities of $10,000,001 to $50,000,000. The
petition was signed by Madhavi Vuppalapati, president and CEO.


RADIATE HOLDCO: Loan Upsize No Impact on Moody's B1 Loan Rating
---------------------------------------------------------------
Moody's Investors Service says Radiate HoldCo, LLC's B1 Senior
Secured Term Loan (due 2024) is unchanged on financing an
incremental $1.425 million (due 2024) being raised under the
existing bank credit facility to finance the acquisition of Wave
Holdco, LLC. for $2.4 billion. The Caa1 rating is also unchanged on
raising an additional $300 million in unsecured notes to fund the
balance of the transaction. In connection with the transaction, the
Company has also upsized its revolving credit facility (due 2022)
by $150 million, to $300 million.

RATINGS RATIONALE

Radiate's B2 Corporate Family Rating (CFR) reflects the company's
small scale, weak free cash flow, and private equity ownership
which poses event risk and tolerates aggressive financial policies
including high leverage (between 6.0x-6.7x over the next 12-18
months). The company's organic video and voice business are also
under pressure, as it competes in highly competitive markets in the
Northeast, Chicago and Texas. The company has been losing video and
voice subscribers with customers migrating to commercial-free,
lower-cost video streaming services and substituting wireline voice
with wireless mobile services. Also constraining the rating is the
company's moderate scale and limited market share evidenced by
below average performance metrics including revenue to homes passed
and Triple Play Equivalent (TPE; defined as a simple average of the
company's three main product penetration rates). The addition of
Wave Broadband (a wholly owned subsidiary of Wave Holdco, LLC
(Wave)), a weaker credit rated B3 stable, puts further pressure on
the rating. Radiate will acquire the company for $2.4 billion with
the close scheduled for the first quarter of 2018. The acquisition
is likely to increase leverage under certain financing scenarios.
Wave's business will also further weaken Radiate's already limited
free cash flow with the significant burden of higher capital
expenditures being incurred for the build out of Wave's fiber
network.

Supporting the rating is organic growth in its residential
broadband (or HSD) product and commercial services business
segment, driven by higher demand for bandwidth as subscribers
consume more data. The subscriber growth in these parts of the
business is more than fully offsetting the loss in video
subscribers, at a rate of near 3x, providing stability to the
company's customer base. The company's ability to protect its
market position is supported by significant investments in its
network which is fiber-rich and has industry leading speeds. The
rating is also supported by a predictable business model that
produces stable revenues, pricing power, and strong EBITDA growth.
The addition of Wave increases Radiates scale by 1.4x, improves
margins, and expands Radiate's geographic diversity with a national
footprint that now extends to the West Coast - adding incumbent
markets with better operating metrics. The contribution lifts
Radiate's penetration rates, revenue per homes passed, and
subscriber growth rates.

Our outlook is stable. Moody's believe Radiate will grow revenues
to over $1.5 billion over the next 12-18 months, generating close
to $600 million in EBITDA (Moody's adjusted) on margins approaching
40%. Moody's expect the company to generate positive free cash
flows beginning in 2018, using all available FCF to de-lever over
the rating horizon, with leverage falling to near 6.0x by the end
of 2018 - below Moody's maximum tolerance of 6.25x for the rating
category. Moody's expect the business to lose video and voice
subscribers by low single digit percent, but more than fully offset
by up to 3x the rate of growth in both residential and commercial
subscribers. Moody's expect CAPEX/revenues to moderate in the low
20% range, TPE to remain in the low 20% range, and Revenue to Homes
Passed to rise near $560. Moody's rating assumes the company will
not distribute any material cash to its shareholders.

Moody's would consider a positive rating action if leverage
(Moody's adjusted debt-to-EBITDA) is sustained below 5x times or
below and coverage (Moody's adjusted free cash flow to debt) is
sustained above high single-digit percent. A positive rating action
would also be considered if the company maintains good liquidity,
improves the scale of the company, adopts more conservative
financial policies, there is a low probability of near-term event
risks and or there are positive developments in regulation, market
position, capital structure, or key performance measures that, when
taken together with all other factors, the credit profile suggests
a better rating category.

Moody's would consider a negative rating action if leverage
(Moody's adjusted debt-to-EBITDA) rises above 6.25x, or coverage
(Moody's adjusted free cash flow to debt) sustained above high
single-digit percent, or the year-over-year change in broadband
subscribers to the year-over-change change in video subscribers (in
absolute value) is less than 1x. A negative rating action would
also be considered if liquidity deteriorated, more aggressive
financial policies were adopted, or Moody's anticipated the
possibility of a material and adverse change in regulation, market
position, capital structure, key performance measures, or the
operating model such that, when taken together with all other
factors, the credit profile suggests a better rating category.

Radiate, based in Princeton, New Jersey, is the parent of RCN
Telecom Services, LLC, Grande Communications Networks LLC, and Wave
Broadband. The company provides video, high-speed internet and
voice services to residential and commercial customers in 16
markets located on the Northwest coast (4 markets), the Northeast
coast (5 markets), Chicago and in Texas (6 markets). As of the
period ended June 30, 2017, pro forma including Wave, the company
served approximately 529 thousand video, 843 thousand HSD, and 320
thousand voice customers. Revenue for the Last Twelve Months ended
June 30, 2017 was over $1.3 billion. Radiate is owned by TPG
Capital, the majority shareholder (with approximately 85% share),
as well as Capital G (through Google Capital, a wholly-owned
subsidiary of Alphabet Inc. Aa2 stable), and Patriot Media
Consulting, Radiate's executive management company.


RUBY TUESDAY: Terminates Registration of Common Stock
-----------------------------------------------------
Ruby Tuesday, Inc. has filed with Securities and Exchange
Commission a Form 15 to voluntarily deregister its common stock,
par value $0.01 per share, under Section 12(g) of the Securities
Exchange Act of 1934.  As a result of the 15 filing, the Company is
no longer obligated to file periodic reports with the SEC.

                     About Ruby Tuesday

Ruby Tuesday, Inc. (NYSE:RT) -- http://www.rubytuesday.com/-- owns
and franchises Ruby Tuesday brand restaurants.  As of Sept. 5,
2017, there were 599 Ruby Tuesday restaurants in 41 states, 14
foreign countries, and Guam.  Of those restaurants, the Company
owned and operated 541 Ruby Tuesday restaurants and franchised 58
Ruby Tuesday restaurants, comprised of 17 domestic and 41
international restaurants.  The Company's Company-owned and
operated restaurants are concentrated primarily in the Southeast,
Northeast, Mid-Atlantic, and Midwest of the United States, which
the Company considers to be its core markets.

Ruby Tuesday reported a net loss of $106.1 million on $951.97
million of total revenue for the year ended June 6, 2017, compared
to a net loss of $50.68 million on $1.09 billion of total revenue
for the year ended May 31, 2016.  As of Sept. 5, 2017, Ruby Tuesday
had $701.02 million in total assets, $403.12 million in total
liabilities and $297.9 million in total shareholders' equity.

                         *     *     *

As reported by the TCR on Dec. 26, 2017, S&P Global Ratings
withdrew all of its ratings on Ruby Tuesday Inc., including the
'CCC+' corporate credit rating, at the company's request.  Prior to
the withdrawal, the ratings were on CreditWatch developing.  The
withdrawal follows the completion of NRD Capital's acquisition of
Ruby Tuesday and repayment of the company's rated unsecured notes.


SABLE NATURAL: SEC Objects to 1st Amended Disclosure Statement
--------------------------------------------------------------
The United States Securities and Exchange Commission ("Commission")
objects to the First Amended Disclosure Statement and First Amended
Joint Chapter 11 Plan of Reorganization filed on November 10, 2017
by Sable Natural Resources Corporation, on the grounds that the
Plan is facially unconfirmable pursuant to Sections 1141(d)(3),
1129(d), and 1145 of the Bankruptcy Code.

Sable is a publicly held shell corporation that has had no regular
business operations since the petition date. But despite Sable's
lack of operations, the Plan provides for a full discharge of its
liabilities and the sale of its public corporate shell to a private
entity.

As the federal agency charged with regulating the securities
markets and enforcing the federal securities laws, the Commission
has an interest in any bankruptcy cases where the sale of a public
shell is proposed. A public shell, discharged of its liabilities
and with an existing public shareholder base, can be used by a
private company to go public via a reverse merger without having to
comply with the registration requirements of the federal securities
laws.

The Commission argues that there is always a risk of harm to public
investors from this circumvention of the registration requirements,
but such risk is particularly high in this case because Sable has
made very little information available to investors and creditors.


Sable is over two years delinquent in its reporting requirements
with the Commission, and the Plan and Disclosure Statement provide
almost no information about the proposed purchaser of its new
common stock. Compounding these concerns, the Commission believes
that the proposed purchaser is an entity whose sole principal was
the subject of numerous fraud allegations involving multiple
business entities, including shell companies, in his own personal
bankruptcy proceeding.

Accordingly, Sable's Plan cannot be confirmed. Because Sable is now
just a shell company, the Plan violates Section 1141(d)(3) of the
Bankruptcy Code, which prohibits a discharge to a liquidating
debtor with no ongoing business operations. Moreover, the
Commission believes that the circumstances of this case suggest
that the primary purpose of the Plan is to avoid the registration
requirements of the federal securities laws, in contravention of
Section 1129(d) of the Bankruptcy Code.

In addition, the Plan fails to identify the registration exemption
the Debtor is relying on with respect to the issuance of new common
stock under the Plan. To the extent that the Debtor intends to rely
on the registration exemption provided in Section 1145 of the
Bankruptcy Code with respect to such issuance, Section 1145 appears
to be unavailable here. Accordingly, the Commission respectfully
requests that the Court deny approval of the Disclosure Statement
and confirmation of the Plan.

                 About Sable Natural Resources

Sable Natural Resources Corp. acquires, develops and produces oil
and natural gas reserves from wells in carbonate reservoir.

Sable Natural Resources filed for Chapter 11 protection (Bankr.
N.D. Tex. Case No. 16-34422) on Nov. 11, 2016.  The Company is
represented by Joyce Lindauer of Joyce W. Lindauer Attorney, PLLC.
The Debtor disclosed $20.24 million in assets and $3.19 million in
liabilities.

Subsidiary Sable Operating previously filed a Chapter 11 petition
on Aug. 28, 2015, and emerged from that bankruptcy on Nov. 1, 2016.


SAEXPLORATION HOLDINGS: Gets New $15.7M Tax Credit Certificates
---------------------------------------------------------------
SAExploration Holdings, Inc. has received approximately $15.7
million of additional tax credit certificates from the state of
Alaska's Department of Revenue.

Approximately $2.9 million of the tax credit certificates relate to
a settlement agreement with the State of Alaska regarding the
appeal of $5.8 million in previously disallowed expenditures.  When
combined with existing tax credit certificates in-hand, the total
amount of tax credit certificates held by SAE and available for
monetization is now approximately $41.3 million.  SAE currently
expects to receive the remaining $29.9 million of tax credit
certificates still being processed by the State of Alaska during
2018.

                 About SAExploration Holdings

Based in Houston, Texas, SAExploration Holdings, Inc. (NASDAQ:SAEX)
-- http://www.saexploration.com/-- is an internationally-focused
oilfield services company offering a full range of
vertically-integrated seismic data acquisition and logistical
support services in Alaska, Canada, South America, and Southeast
Asia to its customers in the oil and natural gas industry.  In
addition to the acquisition of 2D, 3D, time-lapse 4D and
multi-component seismic data on land, in transition zones between
land and water, and offshore in depths reaching 3,000 meters, the
Company offers a full-suite of logistical support and in-field data
processing services.  The Company operates crews around the world
that are supported by over 29,500 owned land and marine channels of
seismic data acquisition equipment and other leased equipment as
needed to complete particular projects.

SAExploration reported a net loss attributable to the Company of
$25.03 million for the year ended Dec. 31, 2016, a net loss
attributable to the Company of $9.87 million for the year ended
Dec. 31, 2015, and a net loss attributable to the Company of $41.75
million for the year Dec. 31, 2014.  The Company's balance sheet at
Sept. 30, 2017, showed $158.62 million in total assets, $143.33
million in total liabilities and $15.28 million in total
stockholders' equity.

                          *     *     *

In June 2016, S&P Global Ratings lowered its corporate credit
rating on SAExploration Holdings to 'CC' from 'CCC-'.  At the same
time, S&P lowered the issue-level rating on the company's senior
secured notes to 'CC' from 'CCC-'.  The outlook remains negative.
The downgrade follows SAExploration's announcement that it plans to
launch an exchange offer to existing holders of its 10% senior
secured notes for shares of common equity and a new issue of
second-lien notes.  Following the rating action, S&P withdrew the
corporate credit and issue-level ratings at the company's request.

In September 2016, Moody's Investors Service withdrew
SAExploration's 'Caa2' Corporate Family Rating and other ratings.
Moody's withdrew the rating for its own business reasons, as
reported by the TCR on Sept. 13, 2016.


SAQIB SIDDIQUI: Trustee Sought to Propose Confirmable Plan
----------------------------------------------------------
The United States of America, acting on behalf of its Internal
Revenue Service, asks the U.S. Bankruptcy Court for the Southern
District of Texas to either direct the appointment of a chapter 11
trustee or convert Saqib Armughan Siddiqui's case to one under
chapter 7.

On June 23, 2017, the Debtor filed a combined Plan of
Reorganization and Disclosure Statement. The First Plan proposed
that the Debtor would retain non-exempt assets, while only paying
general unsecured creditors approximately 2.5% of their allowed
claims. Later on June 23, 2017, the Debtor filed his First Amended
Plan of Reorganization and Disclosure Statement. The Second Plan
again proposed that the Debtor would retain non-exempt assets, but
proposing an increased distribution to general unsecured creditors
of approximately 5.4%.

On August 10, 2017, the Debtor filed a Third Plan which repeated
the previous proposal that the Debtor retain non-exempt assets, and
pay general unsecured creditors of approximately 5.4% of their
allowed claims.

On August 14, 2017, counsel for the United States conferred with
counsel for the Debtor by electronic mail about the Debtor's Plan
not complying with the absolute priority rule. Additional
conferences about this issue occurred by e-mail thereafter.

On August 18, 2017, the Court approved the Debtor's disclosure
statement and scheduled the confirmation hearing on October 12,
2017, which confirmation hearing was continued to October 24, 2017.


On November 28, 2017, the Debtor filed his Fourth Plan which
repeated the proposal contained in the Second and Third Plans --
i.e., that the Debtor retain non-exempt assets but only pay general
unsecured creditors approximately 5.4% of their allowed claims.

On December 15, 2017, the Debtor filed his Fifth Plan, which was
approved by the Court on December 20. Under the Fifth Plan, the
Debtor proposed to retain non-exempt assets while only paying
general unsecured creditors approximately 5.4% of their allowed
claims.

Over the course of a year, the Debtor filed five proposed plans in
this case, but he did not file a single one that complied with the
absolute priority rule. This indicates that the Debtor is not
making a good faith effort to reorganize. If the Debtor is not
willing to propose a confirmable plan, then it is appropriate to
allow a trustee to try.

Accordingly, the United States requests that the Court order the
appointment of a chapter 11 trustee so that an independent
third-party fiduciary can try to propose a confirmable plan which
would allow the Debtor to reorganize. In the alternative, if the
Court declines to order the appointment of a chapter 11 trustee,
then the United States requests that the Court convert this case to
one under chapter 7.

The Court has scheduled the confirmation hearing to begin on
February 20, 2018 at 2:00 p.m.  

Attorney for the United States of America:

            Abe Martinez, Esq.
            Acting United States Attorney
            Richard A. Kincheloe, Esq.
            Assistant United States Attorney
            Attorney-in-Charge
            United States Attorney's Office
            Southern District of Texas
            1000 Louisiana St., Suite 2300
            Houston, Texas 77002
            Telephone: (713) 567-9422
            Facsimile: (713) 718-3033
            Email: Richard.Kincheloe@usdoj.gov

Saqib Armughan Siddiqui filed a Chapter 11 petition (Bankr. S.D.
Tex. Case No. 17-30944) on February 14, 2017, and is represented by
Bruce W. Akerly, Esq.


SEARS HOLDINGS: Fairholme Capital Has 17.9% Stake as of Jan. 11
---------------------------------------------------------------
Fairholme Capital Management, L.L.C. reported to the Securities and
Exchange Commission that as of Jan. 11, 2018, it may be deemed to
be the beneficial owner of 19,272,869 Shares (17.9%) of Sears
Holdings Corporation, based upon the 107,613,718 Shares outstanding
as of Nov. 24, 2017, according to Sears Holdings.  Fairholme has
the sole power to vote or direct the vote of 0 Shares, Fairholme
has the shared power to vote or direct the vote of 14,179,189
Shares, Fairholme has the sole power to dispose or direct the
disposition of 0 Shares and Fairholme has the shared power to
dispose or direct the disposition of 19,272,869 Shares to which
this filing relates.

Fairholme Funds, Inc. may be deemed to be the beneficial owner of
12,748,989 Shares (11.8%) of the Issuer.  The Fund has the sole
power to vote or direct the vote of 0 Shares, the Fund has the
shared power to vote or direct the vote of 12,748,989 Shares, the
Fund has the sole power to dispose or direct the disposition of 0
Shares and the Fund has the shared power to dispose or direct the
disposition of 12,748,989 Shares to which this filing relates.  Of
the 12,748,989 Shares deemed to be beneficially owned by the Fund,
11,323,591 are owned by The Fairholme Fund and 1,425,398 are owned
by The Fairholme Allocation Fund, each a series of the Fund.

Bruce R. Berkowitz may be deemed to be the beneficial owner of
21,860,501 Shares (20.3%) of the Issuer.  Mr. Berkowitz has the
sole power to vote or direct the vote of 2,587,632 Shares, Mr.
Berkowitz has the shared power to vote or direct the vote of
14,179,189 Shares, Mr. Berkowitz has the sole power to dispose or
direct the disposition of 2,587,632 Shares and Mr. Berkowitz has
the shared power to dispose or direct the disposition of 19,272,869
Shares to which this filing relates.

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

                    https://is.gd/2wyUzP

                    About Sears Holdings

Based in Hoffman Estates, Illinois, Sears Holdings Corporation
(NASDAQ: SHLD) -- http://www.searsholdings.com/-- is an integrated
retailer focused on seamlessly connecting the digital and physical
shopping experiences to serve its members.  Sears Holdings is home
to Shop Your Way, a social shopping platform offering members
rewards for shopping at Sears and Kmart, as well as with other
retail partners across categories important to them.  The Company
operates through its subsidiaries, including Sears, Roebuck and Co.
and Kmart Corporation, with full-line and specialty retail stores
across the United States.

Sears Holdings reported a net loss of $2.22 billion on $22.13
billion of revenues for the fiscal year 2016, compared to a net
loss of $1.12 billion on $25.14 billion of revenues for the fiscal
year 2015.

As of Oct. 28, 2017, Sears Holdings had $8.19 billion in total
assets, $12.20 billion in total liabilities and a total deficit of
$4 billion.

                          *     *     *

In January 2017, Fitch Ratings affirmed the Long-term Issuer
Default Ratings on Sears Holdings and its various subsidiary
entities at 'CC'.

In November 2017, S&P Global Ratings lowered its corporate credit
rating on Sears Holdings to 'CCC' from 'CCC+'.  The outlook is
negative.  "The downgrade reflects our view that addressing 2018
maturities over upcoming quarters will determine if the company can
continue its turnaround plan without seeking a broader
restructuring," S&P said.

In November 2017, Moody's Investors Service downgraded Sears
Holdings Corp.'s Corporate Family Rating to 'Caa3' from 'Caa2'.
Sears' Caa3 rating reflects the company's sizable operating losses
- Domestic Adjusted EBITDA was an estimated loss of approximately
$625 million for the LTM period ending Oct. 28, 2017.


SOLBRIGHT GROUP: AIP Asset Has 29.64% Stake as of Jan. 2
--------------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of shares of common stock of Solbright Group as of Jan. 2, 2018:

                                   Shares      Percentage
                                Beneficially      of
  Name                              Owned        Shares
  ----                          ------------   ----------
AIP Global Macro Fund LP         3,144,020       13.87%
AIP Canadian Enhanced            
  Income Class                   2,622,806       11.57%
AIP Global Macro Class             907,493         4.0%
AIP Asset Management             6,674,318       29.64%
Jayahari Balasubramaniam         6,674,318       29.64%

The percentages are based based upon 22,673,403 shares of common
stock outstanding as of Dec. 31, 2017.

A full-text copy of the regulatory filing is available for free at:
https://is.gd/DOzdkM

                     About Solbright Group

Formerly known as Arkados Group, Inc., Solbright Group, Inc. --
http://www.arkadosgroup.com/-- is an industrial automation and
energy management company providing Industrial Internet of Things
(IoT) solutions that help commercial and industrial facilities
increase efficiency and reduce cost.  Headquartered in Newark, New
Jersey, the Company delivers technology solutions for building and
machine automation and energy conservation that  complement its
energy conservation services such as LED lighting retrofits, HVAC
system retrofits and solar engineering, procurement and
construction services.  The company's focus is towards the
development and commercialization of an Internet of Things software
platform that supports Big Data applications that complement its
energy management services.

On Oct. 30, 2017, Arkados Group filed its Certificate of Amendment
of the Certificate of Incorporation with the Secretary of State of
the State of Delaware changing the name of the Company to
"Solbright Group, Inc."  The holders of a majority of the votes
entitled to be cast by all the Company's outstanding shares adopted
resolutions by written consent, in lieu of a meeting of
stockholders, to amend the Company's Certificate of Incorporation
to change its name to Solbright Group, Inc. to better reflect the
business of the Company.  On Nov. 3, 2017, the Company received
notification from FINRA that as of Nov. 6, 2017, the new symbol of
the Company will be "SBRT".

The report from the Company's independent registered public
accounting firm for the year ended May 31, 2017, includes an
explanatory paragraph stating that the Company has incurred
recurring operating losses and will have to obtain additional
capital to sustain operations.  RBSM LLP, in New York, said these
conditions raise substantial doubt about the Company's ability to
continue as a going concern.

Arkados incurred a net loss of $3.34 million for the year ended May
31, 2017, following a net loss of $3.11 million for the year ended
May 31, 2016.  As of Aug. 31, 2017, Arkados had $19.17 million in
total assets, $15.32 million in total liabilities and $3.84 million
in total stockholders' equity.


STEINWAY MUSICAL: Moody's Hikes CFR to B3; Outlook Stable
---------------------------------------------------------
Moody's Investors Service upgraded Steinway Musical Instruments,
Inc.'s Corporate Family Rating (CFR) to B3 from Caa1 and
Probability of Default rating to B3-PD from Caa1-PD. Moody's also
upgraded the company's first lien term loan to B3 from Caa1. The
rating outlook is stable.

The upgrade of the CFR reflects Steinway's improved operating
performance and credit metrics. The company's profitability will
continue to improve from higher piano sales in Asia, as well as
greater demand for the company's Spirio player pianos. Moody's
expects that debt to EBITDA will decline to below 5.5 times in the
year ahead. Furthermore, Moody's anticipates that the company will
maintain adequate liquidity with positive annual free cash flow.
Moody's also believes that the company will be able to successfully
refinance its capital structure including its ABL which expires in
April 2019 and its secured first lien term loan due in September
2019.

Ratings Upgraded:

Corporate Family Rating to B3 from Caa1;

Probability of Default Rating to B3-PD from Caa1-PD;

$305 million first lien senior secured term loan
due 2019 to B3 (LGD 4) from Caa1 (LGD 4)

The rating outlook is stable

RATINGS RATIONALE

Steinway's B3 CFR reflects the company's modest scale, moderately
high financial leverage at about 5.5x, and narrow product focus.
The rating also reflects the high discretionary nature and high
price points of its flagship product (Steinway grand piano), as
well as the risks associated with being owned by a hedge fund. The
rating is supported by Steinway's strong brand recognition and high
product quality, geographic diversification, and breadth of product
offerings in musical instruments.

The stable rating outlook reflects Moody's expectation that the
company will remain relatively small, exposed to cyclical demand,
and with moderately high financial leverage. The stable outlook
also reflects Moody's expectation that the company will
successfully refinance its capital structure well in advance of
maturities.

Moody's could downgrade the ratings if liquidity deteriorates,
operating performance weakens or if the company pursues a material
debt financed acquisition or shareholder distribution.

The ratings could be upgraded if Steinway maintains stable
operating performance and positive free ash flow, achieves greater
scale and product diversification, and sustains debt to EBITDA
below 4.5x.

The principal methodology used in these ratings was Consumer
Durables Industry published in April 2017.

Steinway Musical Instruments, Inc., headquartered in New York, New
York, is one of the world's leading manufacturers of musical
instruments. The company's products include Steinway & Sons, Boston
and Essex pianos, Selmer Paris saxophones, Bach Stradivarius
trumpets, C.G. Conn French horns, King trombones, and Ludwig snare
drums. The company is owned by Paulson & Co., Inc. through its
Pianissimo Acquisition Corp. subsidiary. Annual revenues are
approximately $400 million.


TAUREN EXPLORATION: District Court Affirms Plan Confirmation
------------------------------------------------------------
Judge Sidney A. Fitzwater of the U.S. District Court for the
Northern District of Texas affirms the Bankruptcy Court's orders
confirming the plan of liquidation proposed by Gloria's Ranch, LLC,
for Debtor Tauren Exploration, Inc., and its order on motion to
amend confirmation order in the case captioned TAUREN EXPLORATION,
INC., Appellant, v. GLORIA'S RANCH, LLC, et al., Appellees, Civil
Action No. 3:17-CV-1293-D (N.D. Tex.).

Tauren appealed the bankruptcy court's decision while appellees
Gloria's Ranch, LLC and Tauren Exploration, Inc. Liquidating Trust
moved to dismiss the appeal for lack of standing and as equitably
moot.

The court concludes that the bankruptcy court did not err in
finding that the appointment of John S. Hodge as liquidating
trustee was consistent with the interests of creditors and equity
security holders and with public policy, and that the bankruptcy
court did not abuse its discretion in denying Tauren's motion to
amend confirmation order so that it could pursue claims in the
Cubic Energy, Inc. bankruptcy case in Delaware.

A copy of the Court's Opinion dated Dec. 29, 2017 is available at
https://is.gd/uj9eC4 from Leagle.com.

Tauren Exploration Inc, Appellant, represented by Nathan M. Nichols
-- nathan@orenstein-lg.com -- Orenstein Law Group PC & Rosa R.
Orenstein -- rosa@orenstein-lg.com -- Orenstein Law Group PC.

Glorias Ranch LLC, Creditor and Plan Proponent & John S. Hodge,
Liquidating Trustee, Appellees, represented by Roger Joseph Naus --
rjnaus@wwmlaw.com -- Wiener Weiss & Madison APC, pro hac vice,
Daniel P. Callahan , Kessler Collins, Howard C. Rubin , Kessler
Collins & John S. Hodge , Wiener Weiss & Madison, pro hac vice.

Tauren Exploration Inc, Debtor, represented by Nathan M. Nichols,
Orenstein Law Group PC & Rosa R. Orenstein, Orenstein Law Group
PC.

Harlin D. Hale, Bankruptcy Judge, Pro Se.

Frank L Broyles, Amicus Curiae, Amicus, Pro se.

Calvin A Wallen, III, Interested Party, represented by Barry Frank
Cannaday, Gray Reed & McGraw.

Case Admin Sup, Notice Only, Pro Se.

                 About Tauren Exploration

Tauren Exploration, Inc., filed a Chapter 11 petition (Bankr. N.D.
Tex. Case No. 16-32188) on June 3, 2016, listing under $1 million
in both assets and liabilities.  Its core business historically has
been in the oil and gas industry.  The Debtor is represented by
Frank L. Broyles, Esq., as counsel.  The Debtor hired Nathan M.
Nichols, Esq., at Orenstein Law Group, P.C., as special litigation
counsel.


TEVA PHARMACEUTICAL: Moody's Lowers Senior Unsecured Rating to Ba2
------------------------------------------------------------------
Moody's Investors Service downgraded the senior unsecured ratings
of Teva Pharmaceutical Industries, Ltd and its subsidiaries to Ba2
from Baa3. Moody's also assigned a Ba2 Corporate Family Rating,
Ba2-PD Probability of Default Rating, and SGL-3 Speculative Grade
Liquidity Rating. The rating outlook is stable. This action
concludes the rating review initiated on December 14, 2017.

"The downgrade of Teva's ratings to speculative grade reflects the
challenge of managing its significant debt burden while facing a
prolonged period of earnings erosion," commented Morris Borenstein,
Moody's Assistant Vice President. "While Teva's cost restructuring
program will help to partially offset declines, execution risk is
high. In addition, Moody's believe earnings declines from Copaxone
and its US generics business will be severe, and that meaningful
deleveraging to under 4 times gross debt/EBITDA will take several
years to achieve," added Borenstein.

Assignments:

Issuer: Teva Pharmaceutical Industries Ltd

-- Corporate Family Rating, Assigned Ba2

-- Probability of Default Rating, Assigned Ba2-PD

-- Speculative Grade Liquidity Rating, Assigned SGL-3

Downgrades:

Issuer: Teva Pharma Finance Netherlands III BV

-- Multiple Seniority Shelf (Foreign Currency) Jul 12, 2019,
    Downgraded to (P)Ba2 from (P)Baa3

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2
    (LGD4) from Baa3

Issuer: Teva Pharmaceutical Fin. Co B.V. (Curacao)

-- Multiple Seniority Shelf, Downgraded to (P)Ba2 from (P)Baa3

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2
    (LGD4) from Baa3

Issuer: Teva Pharmaceutical Finance Company, LLC

-- Senior Unsecured Conv./Exch. Bond/Debenture, Downgraded to Ba2

    (LGD4) from Baa3

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2
    (LGD4) from Baa3

Issuer: Teva Pharmaceutical Finance IV B.V.

-- Multiple Seniority Shelf, Downgraded to (P)Ba2 from (P)Baa3

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2
    (LGD4) from Baa3

Issuer: Teva Pharmaceutical Finance IV, LLC

-- Multiple Seniority Shelf, Downgraded to (P)Ba2 from (P)Baa3

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2
    (LGD4) from Baa3

Issuer: Teva Pharmaceutical Finance Netherlands II BV

-- Multiple Seniority Shelf, Downgraded to (P)Ba2 from (P)Baa3

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2
    (LGD4) from Baa3

Issuer: Teva Pharmaceutical Finance Netherlands IV BV

-- Multiple Seniority Shelf, Downgraded to (P)Ba2 from (P)Baa3

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2
    (LGD4) from Baa3

Issuer: Teva Pharmaceutical Finance V B.V.

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2
    (LGD4) from Baa3

Issuer: Teva Pharmaceutical Finance VI, LLC

-- Multiple Seniority Shelf, Downgraded to (P)Ba2 from (P)Baa3

Issuer: Teva Pharmaceutical Industries Ltd

-- Multiple Seniority Shelf, Downgraded to (P)Ba2 from (P)Baa3

Outlook Actions:

-- Rating outlook is stable from under review for all issuers

Withdrawals:

Issuer: Teva Pharmaceutical Industries Ltd

-- Issuer Rating (Local Currency), Withdrawn , previously rated
    Baa3

RATINGS RATIONALE

Teva's Ba2 Corporate Family Rating reflects its significant scale
in both generic and branded drugs, its global diversity, and its
position as the world's largest generic drug company. Teva has the
largest generic pipeline in the industry, including first-to-file
opportunities. This pipeline, together with Teva's branded
pipeline, will support revenue growth over the long term. Still,
Moody's expects base earnings and cash flow to severely contract
over the next two years due to headwinds in its US generics segment
and generic competition on its largest earnings driver, Copaxone.

Teva's credit profile is constrained by high financial leverage,
which Moody's does not expect will fall below 4 times gross
debt/EBITDA until after 2019. The company has limited financial
flexibility and is facing significant debt maturities.

Teva is taking significant actions to reduce its cost base by $3
billion over the next two years, which will shore up profitability
and support deleveraging. Moody's expects that Teva will use the
majority of its free cash flow to reduce debt. It is critical that
the cost restructuring plan boost cash generation enough to keep
pace with maturities and to ultimately reduce leverage.

While Moody's believes that Teva's cost base will come down, the
timing through 2019 is uncertain. Moody's views Teva's cost
restructuring plan and reorganization as aggressive and it raises
the risk for business disruptions. At the same time, potential
portfolio rationalizations in the generics segment could harm
Teva's relationships with customers.

Teva's SGL-3 Speculative Grade Liquidity Rating reflects an
adequate liquidity profile. Teva has roughly $7.5 billion of debt
maturing through 2019. Beyond previously announced divestiture
proceeds, Moody's projects free cash flow of around $2.5 billion
which is insufficient to cover all of Teva's 2018 debt maturities
without moderate refinancing. Moody's does not assume any asset
sales, although the company has used asset sales in the past to
reduce debt. The credit agreements contain financial covenants
including minimum interest coverage of 3.50 times and maximum net
debt/EBITDA of 5.00 times declining to 4.75 times beginning in 2019
with further step downs. Moody's believes that the company will
likely breach the leverage covenant in the first quarter 2018
unless it amends its credit agreements. Teva has a $4.5 billion
revolving credit facility expiring in 2020 that is undrawn,
although access is limited due to covenant concerns.

The rating outlook is stable reflecting Moody's view that Teva will
be focused on debt repayment. It also reflects Moody's expectation
that credit metrics will be weak over the next 18 months before
realized cost savings drive improvement.

Moody's rates all of Teva's debt Ba2, the same as its Ba2 Corporate
Family Rating. All of Teva's debt is unsecured and unconditionally
guaranteed by Teva Pharmaceutical Industries Limited, the parent
company.

Teva's ratings could be upgraded if the company materially improves
its operating performance and liquidity, and is able to more than
offset price erosion with new product launches. Teva would also
need to improve its growth trajectory, notably supported by
successful product launches. Additionally, Teva would need to
sustain debt/EBITDA below 4.5 times before Moody's would consider
an upgrade.

The ratings could be downgraded if Teva's operating performance
remains weak, or if it encounters operating disruptions while
implementing its major cost restructuring plan. Ratings could also
be downgraded if free cash flow remains weak for an extended period
of time, or if Moody's expects debt/EBITDA to remain above 5.0
times. Failure to receive covenant relief under its credit
agreements, or a failure to repay or refinance upcoming debt
maturities well in advance could also lead to a downgrade.

Headquartered in Petah Tikvah, Israel, Teva Pharmaceutical
Industries Ltd. is a global pharmaceutical company offering a mix
of generic and branded products. Reported revenue for the twelve
months ended September 30, 2017 was approximately $23.4 billion.


THERMAGEM LLC: Trustee Sought to Investigate Dubious Transfer
-------------------------------------------------------------
Guy G. Gebhardt, the Acting U.S. Trustee for Region 21, asks the
U.S. Bankruptcy Court for the Southern District of Florida for an
order denying approval of the Disclosure Statement filed by
Thermagem, LLC, and directing the appointment of a chapter 11
trustee, or in the alternative, enter an order converting
Thermagem's case to Chapter 7.

On November 13, 2017, the U.S. Trustee took the Rule 2004
Examination Duces Tecum of Eran Brosh, the Debtor's manager and
president, in order to investigate the allegations raised by
Creditor Mercantil Bank, N.A. in its motion to appoint a Chapter 11
Trustee. Eran Brosh, attended the examination and produced certain
of the documents requested by the U.S. Trustee, however, certain
documents with regard to the transfer of the Debtor's inventory to
related non-debtor companies, i.e., Lorion Beauty USA LLC,
Brilliance New York Handbags, LLC, and Valor 26 LLC, were not
produced.

Eran Brosh indicated that he would produce the missing documents
and the examination was not concluded. To this date, the U.S.
Trustee has not received the remainder of the documents requested
and has not concluded the examination because the question of the
transfer of the Debtor's inventory, what was transferred, and to
whom, and under what terms, remains unanswered. Consequently, the
U.S. Trustee cannot support approval of the Disclosure Statement.

Moreover, the U.S. Trustee notes that information regarding the
whereabouts of the inventory, the costs of goods when transferred,
and information on any collection on account receivables is absent
from the Disclosure Statement.

The U.S. Trustee submits that the fact that the Debtor has been
incapable, or unwilling to provide full disclosure of the
whereabouts of the inventory, the details of the transfers, and the
identification and cost of the goods, constitutes sufficient cause
for the appointment of a chapter 11 trustee.

                       About Thermagem LLC

Based in Miami, Florida, Thermagem LLC filed a Chapter 11 petition
(Bankr. S.D. Fla. Case no. 17-18531) on July 6, 2017.  The petition
was signed by Eran Brosh, president and managing member.  The case
is assigned to Judge Jay A. Cristol.  Stephen C. Breuer, Esq., at
Moffa & Breuer, PLLC represents the Debtor.

As of time of filing, the Debtor estimates $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities.

The Office of the U.S. Trustee on Aug. 24 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Thermagem LLC.


TIMBERVIEW VETERINARY: Unsecureds to Get 5% of Allowed Claims
-------------------------------------------------------------
Timberview Veterinary Hospital, Inc., has filed its disclosure
statement with the U.S. Bankruptcy Court for the Middle District of
Pennsylvania.

General unsecured creditors, including unsecured, non-priority tax
claims, estimated at $799,096, shall receive payment equal to 5% of
allowed claims payable in quarterly pro-rata cash distributions
from future revenues beginning on the effective date and to be paid
not later than 72 months from the effective date.

The secured claims of the Internal Revenue Service, the
Commonwealth of Pennsylvania Department of Revenue, as well secured
claims and leases, will be paid in full, in cash, with interest at
3.25% in 56 equal monthly installments beginning on the fifth month
after the effective date and ending on the 60th month thereafter.

Priority unsecured claims of the Internal Revenue Service, the
Pennsylvania Department of Revenue, the Pennsylvania Department of
Labor and Industry, the York Adams Tax Bureau, and the Dillsburg
Area Authority, will also be paid in full, in cash, with interest
at 3.25% in 56 equal monthly installments beginning on the fifth
month after the effective date and ending on the 60th month
thereafter.

Payments and distributions under the plan will be funded by the
revenues and profits generated from the operation of reorganized
Timberview Veterinary Hospital, Inc.

A full-text copy of Timberview Veterinary's disclosure statement
dated December 11, 2017 is available at:

         http://bankrupt.com/misc/pamb16-bk-01442-83.pdf

           About Timberview Veterinary Hospital, Inc.

Timberview Veterinary Hospital, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. M.D. Pa. Case No. 16-01442) on Apr. 6, 2016. The
Debtor operates a private nursing home.

Henry W. Van Eck, Esq., serves as the Debtor's counsel. The Debtor
is represented by Henry W. Van Eck, Esq., at Mette, Evans, &
Woodside. The Debtor hires CGA Law Firm as co-counsel, Brown
Schultz Sheridan & Fritz, as accountant.

Pioneer Health Services listed estimated assets of between
$0-$50,000 and estimated liabilities of between $100,001 and
$500,000. The petition was signed by Sara E. Mummart, president.


TOWERSTREAM CORP: Appoints New Chief Financial Officer
------------------------------------------------------
The Board of Directors of Towerstream Corporation has appointed
John Macdonald, age 47, to serve as chief financial officer of the
Company.

Mr. Macdonald joined the Company as corporate controller in March
2017.  Prior to joining the Company, Mr. Macdonald was the
assistant corporate controller at KVH Industries, a leading
provider of mobile connectivity products and guidance and
stabilization solutions from February 2015 to February 2017.  Prior
to that, he was director of accounting at APC by Schneider
Electric, a manufacturer of critical power products and solutions
provider for data centers and other applications, from May 2010 to
February 2015.  He began his career with Ernst & Young LLP serving
as an assurance manager.  A licensed Certified Public Accountant
(CPA) in Massachusetts, he holds a Master of Business
Administration from Bryant University and a BS in Business
Administration from the University of Rhode Island.

There are no arrangements or understandings between Mr. Macdonald
and any other persons, pursuant to which he was appointed as chief
financial officer, no family relationships among any of the
Company's directors or executive officers and Mr. Macdonald and he
has no direct or indirect material interest in any transaction
required to be disclosed pursuant to Item 404(a) of Regulation
S-K.

The Company and Mr. Macdonald entered into an employment agreement
on Jan. 8, 2018 pursuant to which Mr. Macdonald will receive an
annual base salary of $175,000 and be eligible for an annual bonus
of up to 50% of his base salary.  In addition, Mr. Macdonald is
eligible for stock compensation in the future, at the Board of
Director's discretion.  In the event of resignation for Good Reason
(as defined in the Employment Agreement) or termination other than
for Cause (as defined in the Employment Agreement) within 180 days
of a Change of Control, Mr. Macdonald will be entitled to a
severance payment equal to (i) the greater of his continued base
salary through the balance of the term, as renewed, or 6 months of
his then base Salary, (ii) continued participation in Company
welfare benefit plans (including health benefits) on the same terms
as immediately prior to termination and to be paid in full by the
Company for not less than 12 months of continuation of benefits and
(iii) immediate vesting of all stock options and equity awards;
provided, that he executes an agreement releasing Company and its
affiliates from any liability.  The agreement has an initial term
of two years and may be extended for additional one year terms.

On Jan. 5, 2018, Laura Thomas resigned from her position as chief
financial officer of the Company effective immediately and Ms.
Thomas and the Company entered into a separation agreement.
Pursuant to the Separation Agreement, Ms. Thomas will receive a
severance payment of (i) current base salary of $240,000 through
Jan. 5, 2018, (ii) three months of current base salary of $240,000,
payable in six bi-weekly payments of $10,000, less applicable
statutory deductions and tax withholdings, (iii) $44,310 in earned
annual bonus for the fiscal year ended Dec. 31, 2017, and (iv)
$5,076 in accrued but unused vacation time.  In addition, all of
Ms. Thomas' outstanding options will vest immediately.

Unless revoked, the Separation Agreement becomes effective eight
days following execution.  Ms. Thomas' decision to resign did not
result from any disagreement with the Company, the Company's
management or the Board of Directors.

                    Director Resignations

On Jan. 9, 2018, Paul Koehler and Donald MacNeil resigned from
their positions as members of the Board of Directors and all
committees thereof.  Mr. Koehler's and Mr. MacNeil's resignations
were not due to any disagreement related to the Company's
operations, policies or practices, financial status or financial
statements.  Mr. MacNeil was appointed to the Company's Board of
Advisors upon his resignation from the Board of Directors.  He will
receive a cash fee of $2,000 per month for services provided as an
advisor.

Also on Jan. 9, 2018, to fill the vacancy created by these
resignations, the Board of Directors of the Company appointed
Ernest Ortega to serve as a member of the Company's Board of
Directors.  Mr. Ortega currently serves as the chief executive
officer of the Company.  There is no family relationship between
Mr. Ortega and any of the Company's other officers or directors.
There is no new material contract or arrangement pursuant to which
Mr. Ortega will serve aside from the employment agreement
previously entered into with respect to his role as chief executive
officer of the Company.

                       About Towerstream

Towerstream Corporation (OTCQB:TWERD) (www.towerstream.com) is a
fixed-wireless fiber alternative company delivering Internet access
to businesses.  The company offers broadband services in 12 urban
markets including New York City, Boston, Los Angeles, Chicago,
Philadelphia, the San Francisco Bay area, Miami, Seattle,
Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater
Providence area.

Towerstream reported a net loss attributable to common stockholders
of $22.15 million on $26.89 million of revenues for the year ended
Dec. 31, 2016, compared to a net loss attributable to common
stockholders of $40.48 million on $27.90 million of revenues for
the year ended Dec. 31, 2015.

As of Sept. 30, 2017, Towerstream had $26.65 million in total
assets, $39.04 million in total liabilities and a total
stockholders' deficit of $12.39 million.

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 incurred significant losses and
needs to raise additional funds to meet its obligations and sustain
its operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


USI SERVICES: Jan. 18 Meeting Set to Form Creditors' Panel
----------------------------------------------------------
William K. Harrington, United States Trustee for Region 3, will
hold an organizational meeting on Jan. 18, 2018, at 10:30 a.m. in
the bankruptcy case of USI Services Group, Inc.

The meeting will be held at:

               United States Trustee's Office
               One Newark Center, 1085 Raymond Blvd.
               21st Floor, Room 2106
               Newark, NJ 07102

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.

                    About USI Services Group

USI Services Group, Inc., provides facility management services and
solutions to pharmaceutical campuses, commercial office buildings,
shopping mall or national retailers, industrial complex or major
entertainment venues.  USI offers complete janitorial service
programs, hard surface floor care, carpet care programs, window
cleaning, post construction cleaning, landscaping & design, snow
management, parking lot lighting, parking lot maintenance, parking
lot striping, facility management, 3rd party contract management,
HVAC services, security services, electronic security solutions and
energy management.  The company is headquartered in Union, New
Jersey.

USI Services Group and its affiliates filed Chapter 11 petitions
(Lead Bankr. D.N.J. Case No. 18-10153) on Jan. 3, 2018.  The
petitions were signed by Frederick G. Goldring, president.  At the
time of filing, USI estimated at least $50,000 in assets and $1
million to $10 million in liabilities.

The cases are assigned to Judge John K. Sherwood.

The Debtors are represented by Stuart Gold, Esq., at Mandelbaum
Salsburg P.C.



WINDSTREAM HOLDINGS: S&P Rates $832MM Senior Unsecured Notes 'B-'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issue-level and '5' recovery
ratings to Windstream Holdings Inc. wholly owned subsidiary
Windstream Services LLC's and Windstream Finance Corp.'s $832
million of 8.75% senior unsecured notes due in 2024. The '5'
recovery rating indicates S&P's expectation of modest (10%-30%;
rounded estimate: 20%) recovery in the event of payment default.
The notes were issued in connection with the completion of
Windstream's latest series of debt exchanges, initiated in November
2017.

S&P's 'B' corporate credit rating and negative outlook on
Windstream Holdings Inc. are unchanged. Since the company's initial
announcement of debt exchange offers in the fourth quarter of 2017,
Windstream has reduced its debt maturities in 2020, 2021, and 2022
by approximately $1.9 billion in aggregate. While S&P views the
lower debt coming due over the next five years favorably for the
company's maturity profile and liquidity position, Windstream still
faces significant maturity towers of about $1.3 billion in both
2020 and 2021. These obligations largely consist of secured debt,
including about $835 million drawn under its revolving credit
facility due in 2020, and about $1.2 billion of term loan debt due
in 2021. S&P continues to believe that Windstream could have
difficulty addressing its maturities over the medium term absent a
material improvement in its operating and financial performance.

RATINGS LIST

  Windstream Holdings Inc.
   Corporate Credit Rating                  B/Negative/--

  New Rating
  Windstream Services LLC
  Windstream Finance Corp.  
   Senior Unsecured  
   $832.6 mil 8.75% notes due 12/15/2024    B-
    Recovery Rating                         5(20%)


WORDSWORTH ACADEMY: Plan Apportions $400,000 for Unsecureds
-----------------------------------------------------------
Wordsworth Academy, Wordsworth CUA 5, LLC, and Wordsworth CUA 10,
LLC, filed with the U.S. Bankruptcy Court for the Eastern District
of Pennsylvania their Joint Chapter 11 Plan dated as of December
13, 2017.

Each holder of a Class 3B litigation claim against Wordsworth CUA
5, LLC will receive an allowed general unsecured claim in the
amount of $1.00 for purposes of distribution Plan, and for voting
purposes. Class 3B litigation claims will receive payment from any
available insurance coverage.

Each holder of Class 3C litigation claim against Wordsworth CUA 10,
LLC will receive an allowed general unsecured claim in the amount
of $1.00 for purposes of distribution and for voting purposes.

Class 5A general unsecured claims against Wordsworth Academy are
impaired. Each Holder of a Class 5A allowed general unsecured claim
against Wordsworth Academy will receive, along with Allowed General
Unsecured Claims in Classes 5B and 5C, a pro rata amount of
Distributable Cash upon the determination of the allowance of all
Claims included in Class 5A, Class 5B and Class 5C.

Class 5B general unsecured claims against Wordsworth CUA 5, LLC are
impaired. Each Holder of a Class 5B allowed general unsecured claim
against Wordsworth CUA 5, LLC will receive, along with allowed
general unsecured claims in Classes 5A and 5C, a pro rata amount of
Distributable Cash upon the determination of the allowance of all
claims included in Class 5A, Class 5B and Class 5C.

Class 5C general unsecured claims against Wordsworth CUA 10, LLC
will receive, along with Allowed General Unsecured Claims in
Classes 5A and 5B, a pro rata amount of Distributable Cash upon the
determination of the allowance of all claims included in Class 5A,
Class 5B and Class 5C.

Any amendment that results in $400,000 of Distributable Cash not
being available for distribution to Holders of Class 5 Claims,
other than M&T Bank, will be considered to be a material amendment
requiring re-solicitation.

The Distributable Cash of $400,000 will be provided by Public
Health Management Corporation ("PHMC") to the Debtors to fund pro
rata distributions in the aggregate to Allowed Class 5A, Allowed
Class 5B and Allowed Class 5C Claims.

Each Debtor will, as a Reorganized Debtor, continue to exist after
the Effective Date as a separate legal entity to the extent
provided in the Affiliation Agreement, each with all the powers of
a non-profit corporation. Pursuant to the Affiliation Agreement,
the Reorganized Debtors will become subsidiaries of PHMC or its
subsidiaries and will be operated as subsidiaries of PHMC or PHMC's
current subsidiaries. PHMC subsidiary employees will manage
Reorganized Debtors Wordsworth CUA 5, LLC and Wordsworth CUA 10,
LLC following the Effective Date of the Plan.

Don Stewart, earning the same salary as he received during these
Chapter 11 cases, will serve as the Wordsworth Integration Officer
during the integration process by which the Reorganized Debtors
become subsidiaries of PHMC and its affiliates.

A full-text copy of the their Joint Chapter 11 Plan is available
at:

          http://bankrupt.com/misc/paeb17-14463-451.pdf

                   About Wordsworth Academy

Philadelphia, Pennsylvania-based Wordsworth Academy is a non-profit
that provides education, behavioral health and child welfare
services to children and youth who have emotional, behavioral and
academic challenges.  Wordsworth provides services through two
Community Umbrella Agencies.  CUA 5 provides services to children
and families in the 35th and 39th Police Districts in Philadelphia,
encompassing much of North Central Philadelphia. CUA 10 provides
services to children and families in the 16th and 19th Police
Districts in Philadelphia, encompassing much of West Philadelphia.

Wordsworth Academy, along with Wordsworth CUA 5, LLC, and
Wordsworth CUA 10, LLC, sought Chapter 11 protection (Bankr. E.D.
Pa. Lead Case No. 17-14463) on June 30, 2017.  Donald Stewart, the
CFO, signed the petitions.

Wordsworth Academy estimated assets and debt of $10 million to $50
million.

Judge Ashely M. Chan presides over the cases.

Dilworth Paxson LLP serves as counsel to the Debtors, with the
engagement led by Lawrence G. McMichael, Esq., Peter C. Hughes,
Esq., and Anne M. Aaronson, Esq. The Debtors hired Getzler Henrich
& Associates LLC as financial advisor, and Donlin, Recano &
Company, Inc., as claims and noticing agent.

On July 14, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                              Total
                                             Share-      Total
                                   Total   Holders'    Working
                                  Assets     Equity    Capital
  Company         Ticker            ($MM)      ($MM)      ($MM)
  -------         ------          ------   --------    -------
ABSOLUTE SOFTWRE  ALSWF US          94.0      (54.4)     (32.8)
ABSOLUTE SOFTWRE  OU1 GR            94.0      (54.4)     (32.8)
ABSOLUTE SOFTWRE  ABT CN            94.0      (54.4)     (32.8)
ABSOLUTE SOFTWRE  ABT2EUR EU        94.0      (54.4)     (32.8)
AGENUS INC        AJ81 GR          149.3      (51.6)      29.9
AGENUS INC        AGEN US          149.3      (51.6)      29.9
AGENUS INC        AJ81 TH          149.3      (51.6)      29.9
AGENUS INC        AGENEUR EU       149.3      (51.6)      29.9
AGENUS INC        AJ81 QT          149.3      (51.6)      29.9
AIMIA INC         GAPFF US       4,260.0      (20.8)  (1,176.3)
AIMIA INC         AIM CN         4,260.0      (20.8)  (1,176.3)
ALTAIR ENGINEE-A  ALTR US          301.5      (60.2)     (92.4)
ALTAIR ENGINEE-A  8A2 QT           301.5      (60.2)     (92.4)
ALTAIR ENGINEE-A  8A2 GR           301.5      (60.2)     (92.4)
ALTAIR ENGINEE-A  ALTREUR EU       301.5      (60.2)     (92.4)
ALTAIR ENGINEE-A  8A2 TH           301.5      (60.2)     (92.4)
AMER RESTAUR-LP   ICTPU US          33.5       (4.0)      (6.2)
AMYRIS INC        AMRS US          138.6     (190.4)      (5.7)
AMYRIS INC        3A01 TH          138.6     (190.4)      (5.7)
AMYRIS INC        3A01 GR          138.6     (190.4)      (5.7)
AMYRIS INC        3A01 QT          138.6     (190.4)      (5.7)
AMYRIS INC        AMRSEUR EU       138.6     (190.4)      (5.7)
AMYRIS INC        AMRSUSD EU       138.6     (190.4)      (5.7)
APOLLO MEDICAL H  AMEH US           41.2       (7.3)      (7.0)
ARSANIS INC       ASNS US            7.6      (16.7)      (6.3)
ASPEN TECHNOLOGY  AZPN US          202.7     (267.5)    (327.7)
ASPEN TECHNOLOGY  AST GR           202.7     (267.5)    (327.7)
ASPEN TECHNOLOGY  AST TH           202.7     (267.5)    (327.7)
ASPEN TECHNOLOGY  AZPNEUR EU       202.7     (267.5)    (327.7)
ASPEN TECHNOLOGY  AST QT           202.7     (267.5)    (327.7)
ATLATSA RESOURCE  ATL SJ           193.5     (142.5)     (46.4)
AUTOZONE INC      AZO US         9,397.1   (1,525.1)    (350.4)
AUTOZONE INC      AZ5 TH         9,397.1   (1,525.1)    (350.4)
AUTOZONE INC      AZ5 GR         9,397.1   (1,525.1)    (350.4)
AUTOZONE INC      AZOEUR EU      9,397.1   (1,525.1)    (350.4)
AUTOZONE INC      AZ5 QT         9,397.1   (1,525.1)    (350.4)
AUTOZONE INC      AZOUSD EU      9,397.1   (1,525.1)    (350.4)
AVAYA HOLDINGS C  AVYA US        5,898.0   (5,013.0)     (96.0)
AVEO PHARMACEUTI  AVEO US           41.7      (44.6)      23.7
AVID TECHNOLOGY   AVID US          225.3     (270.4)     (78.0)
AVID TECHNOLOGY   AVD GR           225.3     (270.4)     (78.0)
AXIM BIOTECHNOLO  AXIM US            3.3       (4.9)      (3.5)
BENEFITFOCUS INC  BNFT US          171.2      (37.0)       7.0
BENEFITFOCUS INC  BTF GR           171.2      (37.0)       7.0
BIOHAVEN PHARMAC  BHVN US          184.7      156.2      157.4
BIOHAVEN PHARMAC  2VN GR           184.7      156.2      157.4
BIOHAVEN PHARMAC  BHVNEUR EU       184.7      156.2      157.4
BIOHAVEN PHARMAC  2VN TH           184.7      156.2      157.4
BIOHAVEN PHARMAC  2VN QT           184.7      156.2      157.4
BIOTRICITY INC    BTCY US            0.7       (0.1)      (0.1)
BLACKSTAR ENTERP  BEGI US            6.3       (4.7)      (5.2)
BLUE BIRD CORP    BLBD US          295.8      (58.5)      21.7
BLUE RIDGE MOUNT  BRMR US        1,060.2     (212.5)     (62.4)
BOKU INC          BOKU LN            -          -          -
BOKU INC          BOKUGBX EU         -          -          -
BOMBARDIER INC-A  BBD/A CN      23,709.0   (3,623.0)     103.0
BOMBARDIER INC-B  BBD/B CN      23,709.0   (3,623.0)     103.0
BOMBARDIER INC-B  BBDBN MM      23,709.0   (3,623.0)     103.0
BRINKER INTL      EAT US         1,368.6     (539.0)    (273.5)
BRINKER INTL      BKJ GR         1,368.6     (539.0)    (273.5)
BRINKER INTL      BKJ QT         1,368.6     (539.0)    (273.5)
BRINKER INTL      EAT2EUR EU     1,368.6     (539.0)    (273.5)
BROOKFIELD REAL   BRE CN            95.0      (31.1)       3.0
BRP INC/CA-SUB V  DOO CN         2,575.8      (98.6)      91.1
BRP INC/CA-SUB V  B15A GR        2,575.8      (98.6)      91.1
BRP INC/CA-SUB V  BRPIF US       2,575.8      (98.6)      91.1
BUFFALO COAL COR  BUC SJ            49.8      (22.9)     (20.1)
BURLINGTON STORE  BURL US        2,843.4     (110.5)      22.8
BURLINGTON STORE  BUI GR         2,843.4     (110.5)      22.8
BURLINGTON STORE  BURL* MM       2,843.4     (110.5)      22.8
BURLINGTON STORE  BURLEUR EU     2,843.4     (110.5)      22.8
BURLINGTON STORE  BURLUSD EU     2,843.4     (110.5)      22.8
CADIZ INC         CDZI US           68.9      (76.3)       7.6
CADIZ INC         2ZC GR            68.9      (76.3)       7.6
CAESARS ENTERTAI  CZR US        14,353.0   (3,815.0)  (5,099.0)
CAESARS ENTERTAI  C08 GR        14,353.0   (3,815.0)  (5,099.0)
CAESARS ENTERTAI  CZREUR EU     14,353.0   (3,815.0)  (5,099.0)
CALIFORNIA RESOU  CRC US         6,183.0     (574.0)    (294.0)
CALIFORNIA RESOU  1CLB GR        6,183.0     (574.0)    (294.0)
CALIFORNIA RESOU  CRCEUR EU      6,183.0     (574.0)    (294.0)
CALIFORNIA RESOU  1CL TH         6,183.0     (574.0)    (294.0)
CALIFORNIA RESOU  1CLB QT        6,183.0     (574.0)    (294.0)
CAMBIUM LEARNING  ABCD US          155.0      (45.0)     (55.0)
CAREDX INC        CDNA US           75.1       (0.2)     (14.0)
CAREDX INC        1K9 GR            75.1       (0.2)     (14.0)
CASELLA WASTE     WA3 GR           592.4      (60.5)      (1.4)
CASELLA WASTE     CWST US          592.4      (60.5)      (1.4)
CASELLA WASTE     WA3 TH           592.4      (60.5)      (1.4)
CASELLA WASTE     CWSTEUR EU       592.4      (60.5)      (1.4)
CHENIERE EN PART  CQH US             0.8       (0.1)      (0.1)
CHENIERE EN PART  CE4 GR             0.8       (0.1)      (0.1)
CHESAPEAKE ENERG  CHK US        11,981.0     (704.0)  (1,040.0)
CHESAPEAKE ENERG  CS1 GR        11,981.0     (704.0)  (1,040.0)
CHESAPEAKE ENERG  CS1 TH        11,981.0     (704.0)  (1,040.0)
CHESAPEAKE ENERG  CHK* MM       11,981.0     (704.0)  (1,040.0)
CHESAPEAKE ENERG  CS1 QT        11,981.0     (704.0)  (1,040.0)
CHESAPEAKE ENERG  CHKEUR EU     11,981.0     (704.0)  (1,040.0)
CHOICE HOTELS     CZH GR           961.2     (200.4)     182.3
CHOICE HOTELS     CHH US           961.2     (200.4)     182.3
CINCINNATI BELL   CBB US         1,457.3     (133.5)       5.1
CINCINNATI BELL   CIB1 GR        1,457.3     (133.5)       5.1
CINCINNATI BELL   CBBEUR EU      1,457.3     (133.5)       5.1
CLEAR CHANNEL-A   C7C GR         5,580.5   (1,284.2)     337.6
CLEAR CHANNEL-A   CCO US         5,580.5   (1,284.2)     337.6
CLEVELAND-CLIFFS  CVA GR         1,923.3     (833.1)     373.6
CLEVELAND-CLIFFS  CVA TH         1,923.3     (833.1)     373.6
CLEVELAND-CLIFFS  CLF US         1,923.3     (833.1)     373.6
CLEVELAND-CLIFFS  CLF* MM        1,923.3     (833.1)     373.6
CLEVELAND-CLIFFS  CVA QT         1,923.3     (833.1)     373.6
CLEVELAND-CLIFFS  CLF2EUR EU     1,923.3     (833.1)     373.6
COGENT COMMUNICA  CCOI US          729.9      (80.1)     236.8
COGENT COMMUNICA  OGM1 GR          729.9      (80.1)     236.8
CONSUMER CAPITAL  CCGN US            5.2       (2.5)      (2.6)
DELEK LOGISTICS   DKL US           422.9      (25.8)       5.5
DELEK LOGISTICS   D6L GR           422.9      (25.8)       5.5
DENNY'S CORP      DE8 GR           309.2      (97.6)     (45.4)
DENNY'S CORP      DENN US          309.2      (97.6)     (45.4)
DEX MEDIA INC     DMDA US        1,419.0   (1,284.0)  (1,999.0)
DINEEQUITY INC    DIN US         1,641.2     (216.7)      79.9
DINEEQUITY INC    IHP GR         1,641.2     (216.7)      79.9
DOLLARAMA INC     DOL CN         1,948.8      (15.3)     363.2
DOLLARAMA INC     DLMAF US       1,948.8      (15.3)     363.2
DOLLARAMA INC     DR3 GR         1,948.8      (15.3)     363.2
DOLLARAMA INC     DOLEUR EU      1,948.8      (15.3)     363.2
DOLLARAMA INC     DR3 TH         1,948.8      (15.3)     363.2
DOLLARAMA INC     DR3 QT         1,948.8      (15.3)     363.2
DOLLARAMA INC     DOLCAD EU      1,948.8      (15.3)     363.2
DOMINO'S PIZZA    EZV TH           816.2   (2,765.3)     194.1
DOMINO'S PIZZA    EZV GR           816.2   (2,765.3)     194.1
DOMINO'S PIZZA    DPZ US           816.2   (2,765.3)     194.1
DOMINO'S PIZZA    EZV QT           816.2   (2,765.3)     194.1
DOMINO'S PIZZA    DPZEUR EU        816.2   (2,765.3)     194.1
DOMINO'S PIZZA    DPZUSD EU        816.2   (2,765.3)     194.1
DUN & BRADSTREET  DB5 GR         2,301.0     (857.3)     (71.7)
DUN & BRADSTREET  DB5 TH         2,301.0     (857.3)     (71.7)
DUN & BRADSTREET  DNB US         2,301.0     (857.3)     (71.7)
DUN & BRADSTREET  DB5 QT         2,301.0     (857.3)     (71.7)
DUN & BRADSTREET  DNB1EUR EU     2,301.0     (857.3)     (71.7)
DUNKIN' BRANDS G  2DB GR         3,139.3     (174.1)     157.8
DUNKIN' BRANDS G  DNKN US        3,139.3     (174.1)     157.8
DUNKIN' BRANDS G  2DB TH         3,139.3     (174.1)     157.8
DUNKIN' BRANDS G  2DB QT         3,139.3     (174.1)     157.8
DUNKIN' BRANDS G  DNKNEUR EU     3,139.3     (174.1)     157.8
EGAIN CORP        EGAN US           36.9       (9.8)     (11.9)
ERIN ENERGY CORP  ERN SJ           229.5     (359.3)    (310.8)
EVERI HOLDINGS I  EVRI US        1,425.6     (123.8)      (5.1)
EVERI HOLDINGS I  G2C GR         1,425.6     (123.8)      (5.1)
EVERI HOLDINGS I  EVRIEUR EU     1,425.6     (123.8)      (5.1)
FERRELLGAS-LP     FEG GR         1,705.0     (793.3)    (272.3)
FERRELLGAS-LP     FGP US         1,705.0     (793.3)    (272.3)
FORESCOUT TECHNO  FSCT US          164.3      (65.8)      (9.0)
FORESCOUT TECHNO  F1O GR           164.3      (65.8)      (9.0)
FORESCOUT TECHNO  F1O QT           164.3      (65.8)      (9.0)
FORESCOUT TECHNO  FSCTEUR EU       164.3      (65.8)      (9.0)
GAMCO INVESTO-A   GBL US           231.0     (104.5)       -
GEN COMM-A        GC1 GR         2,063.3       (2.7)      45.3
GEN COMM-A        GNCMA US       2,063.3       (2.7)      45.3
GEN COMM-A        GNCMAEUR EU    2,063.3       (2.7)      45.3
GEN COMM-B        GNCMB US       2,063.3       (2.7)      45.3
GENERAL CANNABIS  CANN US            2.8       (6.1)      (8.1)
GNC HOLDINGS INC  IGN GR         1,969.0      (24.7)     441.6
GNC HOLDINGS INC  GNC US         1,969.0      (24.7)     441.6
GNC HOLDINGS INC  IGN TH         1,969.0      (24.7)     441.6
GNC HOLDINGS INC  GNC1EUR EU     1,969.0      (24.7)     441.6
GNC HOLDINGS INC  GNC* MM        1,969.0      (24.7)     441.6
GOGO INC          GOGO US        1,362.9     (155.5)     322.8
GOGO INC          G0G GR         1,362.9     (155.5)     322.8
GOGO INC          G0G QT         1,362.9     (155.5)     322.8
GOGO INC          GOGOUSD EU     1,362.9     (155.5)     322.8
GREEN PLAINS PAR  GPP US            92.8      (64.3)       5.0
GREEN PLAINS PAR  8GP GR            92.8      (64.3)       5.0
H&R BLOCK INC     HRB US         1,716.6     (412.8)      51.4
H&R BLOCK INC     HRB GR         1,716.6     (412.8)      51.4
H&R BLOCK INC     HRB TH         1,716.6     (412.8)      51.4
H&R BLOCK INC     HRB QT         1,716.6     (412.8)      51.4
H&R BLOCK INC     HRBEUR EU      1,716.6     (412.8)      51.4
H&R BLOCK INC     HRBUSD EU      1,716.6     (412.8)      51.4
HCA HEALTHCARE I  2BH GR        35,731.0   (5,066.0)   3,837.0
HCA HEALTHCARE I  HCA US        35,731.0   (5,066.0)   3,837.0
HCA HEALTHCARE I  2BH TH        35,731.0   (5,066.0)   3,837.0
HCA HEALTHCARE I  2BH QT        35,731.0   (5,066.0)   3,837.0
HCA HEALTHCARE I  HCAEUR EU     35,731.0   (5,066.0)   3,837.0
HCA HEALTHCARE I  HCAUSD EU     35,731.0   (5,066.0)   3,837.0
HORTONWORKS INC   HDP US           211.4      (51.1)     (31.0)
HORTONWORKS INC   14K GR           211.4      (51.1)     (31.0)
HORTONWORKS INC   14K QT           211.4      (51.1)     (31.0)
HORTONWORKS INC   HDPEUR EU        211.4      (51.1)     (31.0)
HORTONWORKS INC   HDPUSD EU        211.4      (51.1)     (31.0)
HP COMPANY-BDR    HPQB34 BZ     32,913.0   (3,408.0)     (94.0)
HP INC            HPQ* MM       32,913.0   (3,408.0)     (94.0)
HP INC            HPQ US        32,913.0   (3,408.0)     (94.0)
HP INC            7HP TH        32,913.0   (3,408.0)     (94.0)
HP INC            7HP GR        32,913.0   (3,408.0)     (94.0)
HP INC            HPQ TE        32,913.0   (3,408.0)     (94.0)
HP INC            HPQ CI        32,913.0   (3,408.0)     (94.0)
HP INC            HPQ SW        32,913.0   (3,408.0)     (94.0)
HP INC            HWP QT        32,913.0   (3,408.0)     (94.0)
HP INC            HPQCHF EU     32,913.0   (3,408.0)     (94.0)
HP INC            HPQUSD EU     32,913.0   (3,408.0)     (94.0)
HP INC            HPQUSD SW     32,913.0   (3,408.0)     (94.0)
HP INC            HPQEUR EU     32,913.0   (3,408.0)     (94.0)
IDEXX LABS        IDXX US        1,669.3      (48.4)     (53.8)
IDEXX LABS        IX1 GR         1,669.3      (48.4)     (53.8)
IDEXX LABS        IX1 TH         1,669.3      (48.4)     (53.8)
IDEXX LABS        IX1 QT         1,669.3      (48.4)     (53.8)
IDEXX LABS        IDXX AV        1,669.3      (48.4)     (53.8)
IMMUNOGEN INC     IMU GR           225.7     (111.3)     133.3
IMMUNOGEN INC     IMGN US          225.7     (111.3)     133.3
IMMUNOGEN INC     IMU TH           225.7     (111.3)     133.3
IMMUNOGEN INC     IMU QT           225.7     (111.3)     133.3
IMMUNOGEN INC     IMGNEUR EU       225.7     (111.3)     133.3
IMMUNOGEN INC     IMGNUSD EU       225.7     (111.3)     133.3
IMMUNOMEDICS INC  IMMU US          153.4      (67.4)     (52.0)
IMMUNOMEDICS INC  IM3 GR           153.4      (67.4)     (52.0)
IMMUNOMEDICS INC  IM3 TH           153.4      (67.4)     (52.0)
IMMUNOMEDICS INC  IM3 QT           153.4      (67.4)     (52.0)
INNOVIVA INC      INVA US          391.0     (223.0)     187.6
INNOVIVA INC      HVE GR           391.0     (223.0)     187.6
INNOVIVA INC      INVAEUR EU       391.0     (223.0)     187.6
INSPIRED ENTERTA  INSE US          219.0       (2.3)       2.0
INSTRUCTURE INC   INST US          135.5      (10.9)     (24.0)
INSTRUCTURE INC   1IN GR           135.5      (10.9)     (24.0)
IRONWOOD PHARMAC  I76 GR           625.1      (17.6)     249.6
IRONWOOD PHARMAC  IRWD US          625.1      (17.6)     249.6
IRONWOOD PHARMAC  I76 TH           625.1      (17.6)     249.6
IRONWOOD PHARMAC  I76 QT           625.1      (17.6)     249.6
IRONWOOD PHARMAC  IRWDEUR EU       625.1      (17.6)     249.6
JACK IN THE BOX   JBX GR         1,228.4     (388.0)    (122.7)
JACK IN THE BOX   JACK US        1,228.4     (388.0)    (122.7)
JACK IN THE BOX   JACK1EUR EU    1,228.4     (388.0)    (122.7)
JACK IN THE BOX   JBX QT         1,228.4     (388.0)    (122.7)
JUST ENERGY GROU  JE US          1,276.8     (268.4)    (183.6)
JUST ENERGY GROU  1JE GR         1,276.8     (268.4)    (183.6)
JUST ENERGY GROU  JE CN          1,276.8     (268.4)    (183.6)
L BRANDS INC      LTD GR         7,816.0   (1,119.0)     911.0
L BRANDS INC      LTD TH         7,816.0   (1,119.0)     911.0
L BRANDS INC      LB US          7,816.0   (1,119.0)     911.0
L BRANDS INC      LBEUR EU       7,816.0   (1,119.0)     911.0
L BRANDS INC      LB* MM         7,816.0   (1,119.0)     911.0
L BRANDS INC      LTD QT         7,816.0   (1,119.0)     911.0
L BRANDS INC      LBUSD EU       7,816.0   (1,119.0)     911.0
LAMB WESTON       LW US          2,714.9     (474.9)     357.8
LAMB WESTON       0L5 GR         2,714.9     (474.9)     357.8
LAMB WESTON       LW-WEUR EU     2,714.9     (474.9)     357.8
LAMB WESTON       0L5 TH         2,714.9     (474.9)     357.8
LAMB WESTON       0L5 QT         2,714.9     (474.9)     357.8
LANTHEUS HOLDING  LNTH US          281.0      (77.9)      90.5
LANTHEUS HOLDING  0L8 GR           281.0      (77.9)      90.5
LIVEXLIVE MEDIA   LIVX US            4.1       (3.9)      (7.5)
MCDONALDS - BDR   MCDC34 BZ     32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MDO TH        32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCD TE        32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MDO GR        32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCD* MM       32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCD US        32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCD SW        32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCD CI        32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MDO QT        32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCDCHF EU     32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCDUSD EU     32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCDUSD SW     32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCDEUR EU     32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCD AV        32,559.6   (3,477.6)   1,050.1
MCDONALDS-CEDEAR  MCD AR        32,559.6   (3,477.6)   1,050.1
MDC PARTNERS-A    MDCA US        1,617.8     (328.8)    (220.3)
MDC PARTNERS-A    MD7A GR        1,617.8     (328.8)    (220.3)
MDC PARTNERS-A    MDCAEUR EU     1,617.8     (328.8)    (220.3)
MEDLEY MANAGE-A   MDLY US          135.5      (11.6)      35.7
MICHAELS COS INC  MIK US         2,306.1   (1,732.8)     482.5
MICHAELS COS INC  MIM GR         2,306.1   (1,732.8)     482.5
MIRAGEN THERAPEU  MGEN US           47.1       39.0       39.9
MIRAGEN THERAPEU  1S1 GR            47.1       39.0       39.9
MIRAGEN THERAPEU  SGNLEUR EU        47.1       39.0       39.9
MONEYGRAM INTERN  MGI US         4,546.1     (184.0)     (66.1)
MONEYGRAM INTERN  9M1N GR        4,546.1     (184.0)     (66.1)
MONEYGRAM INTERN  9M1N QT        4,546.1     (184.0)     (66.1)
MONEYGRAM INTERN  9M1N TH        4,546.1     (184.0)     (66.1)
MONEYGRAM INTERN  MGIEUR EU      4,546.1     (184.0)     (66.1)
MONEYGRAM INTERN  MGIUSD EU      4,546.1     (184.0)     (66.1)
MOODY'S CORP      DUT GR         8,304.9     (156.8)     296.2
MOODY'S CORP      MCO US         8,304.9     (156.8)     296.2
MOODY'S CORP      DUT TH         8,304.9     (156.8)     296.2
MOODY'S CORP      MCOEUR EU      8,304.9     (156.8)     296.2
MOODY'S CORP      DUT QT         8,304.9     (156.8)     296.2
MOODY'S CORP      MCO* MM        8,304.9     (156.8)     296.2
MOODY'S CORP      MCOUSD EU      8,304.9     (156.8)     296.2
MOSAIC A-CLASS A  MOSC US            0.6       (0.0)      (0.0)
MOSAIC ACQUISITI  MOSC/U US          0.6       (0.0)      (0.0)
MOTOROLA SOLUTIO  MTLA GR        8,618.0     (818.0)     773.0
MOTOROLA SOLUTIO  MTLA TH        8,618.0     (818.0)     773.0
MOTOROLA SOLUTIO  MSI US         8,618.0     (818.0)     773.0
MOTOROLA SOLUTIO  MOT TE         8,618.0     (818.0)     773.0
MOTOROLA SOLUTIO  MTLA QT        8,618.0     (818.0)     773.0
MOTOROLA SOLUTIO  MSI1EUR EU     8,618.0     (818.0)     773.0
MOTOROLA SOLUTIO  MSI1USD EU     8,618.0     (818.0)     773.0
MSG NETWORKS- A   MSGN US          819.5     (902.7)     193.1
MSG NETWORKS- A   1M4 GR           819.5     (902.7)     193.1
MSG NETWORKS- A   1M4 TH           819.5     (902.7)     193.1
MSG NETWORKS- A   1M4 QT           819.5     (902.7)     193.1
MSG NETWORKS- A   MSGNEUR EU       819.5     (902.7)     193.1
NATHANS FAMOUS    NATH US           84.5      (60.4)      63.8
NATHANS FAMOUS    NFA GR            84.5      (60.4)      63.8
NATIONAL CINEMED  XWM GR         1,153.4      (61.9)      70.0
NATIONAL CINEMED  NCMI US        1,153.4      (61.9)      70.0
NATIONAL CINEMED  NCMIEUR EU     1,153.4      (61.9)      70.0
NAVISTAR INTL     IHR GR         6,135.0   (4,574.0)     515.0
NAVISTAR INTL     NAV US         6,135.0   (4,574.0)     515.0
NAVISTAR INTL     IHR TH         6,135.0   (4,574.0)     515.0
NAVISTAR INTL     IHR QT         6,135.0   (4,574.0)     515.0
NAVISTAR INTL     NAVEUR EU      6,135.0   (4,574.0)     515.0
NAVISTAR INTL     NAVUSD EU      6,135.0   (4,574.0)     515.0
NEBULA ACQUISITI  NEBUU US           0.0       (0.0)      (0.0)
NEW ENG RLTY-LP   NEN US           237.8      (32.4)       -
NYMOX PHARMACEUT  NYMX US            1.3       (0.7)      (0.7)
PAPA JOHN'S INTL  PZZA US          550.9      (39.4)      29.5
PAPA JOHN'S INTL  PP1 GR           550.9      (39.4)      29.5
PHILIP MORRIS IN  PM1EUR EU     41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PMI SW        41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PM1 TE        41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  4I1 TH        41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PM1CHF EU     41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  4I1 GR        41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PM US         41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PM FP         41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PM1 EU        41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PMI1 IX       41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PMI EB        41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  4I1 QT        41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PM LN         41,951.0   (9,633.0)   2,345.0
PINNACLE ENTERTA  PNK US         3,926.3     (343.8)     (90.2)
PINNACLE ENTERTA  65P GR         3,926.3     (343.8)     (90.2)
PLANET FITNESS-A  PLNT US        1,366.0     (139.6)      49.0
PLANET FITNESS-A  3PL TH         1,366.0     (139.6)      49.0
PLANET FITNESS-A  3PL GR         1,366.0     (139.6)      49.0
PLANET FITNESS-A  3PL QT         1,366.0     (139.6)      49.0
PLANET FITNESS-A  PLNT1EUR EU    1,366.0     (139.6)      49.0
PLANET FITNESS-A  PLNT1USD EU    1,366.0     (139.6)      49.0
PROCESSA PHARMAC  PCSA US            0.1       (0.0)      (0.0)
PROS HOLDINGS IN  PH2 GR           292.6      (35.4)     105.8
PROS HOLDINGS IN  PRO US           292.6      (35.4)     105.8
QUANTUM CORP      QNT2 GR          211.2     (124.3)     (48.3)
QUANTUM CORP      QNT1 TH          211.2     (124.3)     (48.3)
QUANTUM CORP      QTM US           211.2     (124.3)     (48.3)
QUANTUM CORP      QTM1EUR EU       211.2     (124.3)     (48.3)
QUANTUM CORP      QNT1 QT          211.2     (124.3)     (48.3)
REATA PHARMACE-A  RETA US          160.4     (132.4)     108.2
REATA PHARMACE-A  2R3 GR           160.4     (132.4)     108.2
REATA PHARMACE-A  RETAEUR EU       160.4     (132.4)     108.2
REGAL ENTERTAI-A  RGC US         2,672.2     (855.2)     (59.1)
REGAL ENTERTAI-A  RETA GR        2,672.2     (855.2)     (59.1)
REGAL ENTERTAI-A  RGC* MM        2,672.2     (855.2)     (59.1)
REGAL ENTERTAI-A  RGCEUR EU      2,672.2     (855.2)     (59.1)
REMARK HOLD INC   3SWN GR          109.7       (9.4)     (58.2)
REMARK HOLD INC   MARK US          109.7       (9.4)     (58.2)
REMARK HOLD INC   MARKEUR EU       109.7       (9.4)     (58.2)
REMARK HOLD INC   MARKUSD EU       109.7       (9.4)     (58.2)
RESOLUTE ENERGY   R21 GR           792.3      (73.8)    (109.3)
RESOLUTE ENERGY   REN US           792.3      (73.8)    (109.3)
RESOLUTE ENERGY   RENEUR EU        792.3      (73.8)    (109.3)
REVLON INC-A      REV US         3,167.8     (701.9)     241.5
REVLON INC-A      RVL1 GR        3,167.8     (701.9)     241.5
REVLON INC-A      RVL1 TH        3,167.8     (701.9)     241.5
REVLON INC-A      REVEUR EU      3,167.8     (701.9)     241.5
RH                RH US          1,801.6      (25.3)     219.2
RH                RS1 GR         1,801.6      (25.3)     219.2
RH                RH* MM         1,801.6      (25.3)     219.2
RH                RHEUR EU       1,801.6      (25.3)     219.2
ROKU INC          ROKU US          225.5      (42.8)      52.0
ROKU INC          ROKUEUR EU       225.5      (42.8)      52.0
ROKU INC          R35 QT           225.5      (42.8)      52.0
ROKU INC          R35 GR           225.5      (42.8)      52.0
ROKU INC          R35 TH           225.5      (42.8)      52.0
ROKU INC          ROKUUSD EU       225.5      (42.8)      52.0
ROSETTA STONE IN  RST US           196.8       (1.4)     (58.1)
ROSETTA STONE IN  RS8 GR           196.8       (1.4)     (58.1)
ROSETTA STONE IN  RST1EUR EU       196.8       (1.4)     (58.1)
RR DONNELLEY & S  DLLN GR        3,956.7     (163.0)     740.3
RR DONNELLEY & S  RRD US         3,956.7     (163.0)     740.3
RR DONNELLEY & S  DLLN TH        3,956.7     (163.0)     740.3
RR DONNELLEY & S  RRDEUR EU      3,956.7     (163.0)     740.3
RYERSON HOLDING   RYI US         1,817.3      (14.4)     731.7
RYERSON HOLDING   7RY TH         1,817.3      (14.4)     731.7
RYERSON HOLDING   7RY GR         1,817.3      (14.4)     731.7
SALLY BEAUTY HOL  SBH US         2,123.1     (363.6)     595.9
SALLY BEAUTY HOL  S7V GR         2,123.1     (363.6)     595.9
SANCHEZ ENERGY C  SN US          2,240.1      (90.4)     (43.2)
SANCHEZ ENERGY C  SN* MM         2,240.1      (90.4)     (43.2)
SANCHEZ ENERGY C  13S GR         2,240.1      (90.4)     (43.2)
SANCHEZ ENERGY C  13S TH         2,240.1      (90.4)     (43.2)
SANCHEZ ENERGY C  13S QT         2,240.1      (90.4)     (43.2)
SANCHEZ ENERGY C  SNEUR EU       2,240.1      (90.4)     (43.2)
SAUDI AMERICAN H  SAHN US            0.0       (2.6)      (2.6)
SBA COMM CORP     4SB GR         7,300.5   (2,257.8)    (698.6)
SBA COMM CORP     SBAC US        7,300.5   (2,257.8)    (698.6)
SBA COMM CORP     SBJ TH         7,300.5   (2,257.8)    (698.6)
SBA COMM CORP     SBACEUR EU     7,300.5   (2,257.8)    (698.6)
SBA COMM CORP     SBACUSD EU     7,300.5   (2,257.8)    (698.6)
SCIENTIFIC GAMES  SGMS US        7,062.4   (1,976.5)     554.8
SEARS HOLDINGS    SHLD US        8,193.0   (4,007.0)  (1,112.0)
SIGA TECH INC     SIGA US          148.7     (312.8)      27.9
SILVER SPRING NE  SSNI US          316.5      (39.0)     (14.9)
SILVER SPRING NE  9SI GR           316.5      (39.0)     (14.9)
SILVER SPRING NE  9SI TH           316.5      (39.0)     (14.9)
SILVER SPRING NE  9SI QT           316.5      (39.0)     (14.9)
SILVER SPRING NE  SSNIEUR EU       316.5      (39.0)     (14.9)
SIRIUS XM HOLDIN  SIRI US        8,652.4   (1,050.1)  (2,186.3)
SIRIUS XM HOLDIN  RDO TH         8,652.4   (1,050.1)  (2,186.3)
SIRIUS XM HOLDIN  RDO GR         8,652.4   (1,050.1)  (2,186.3)
SIRIUS XM HOLDIN  RDO QT         8,652.4   (1,050.1)  (2,186.3)
SIRIUS XM HOLDIN  SIRIEUR EU     8,652.4   (1,050.1)  (2,186.3)
SIRIUS XM HOLDIN  SIRI AV        8,652.4   (1,050.1)  (2,186.3)
SIRIUS XM HOLDIN  SIRIUSD EU     8,652.4   (1,050.1)  (2,186.3)
SIX FLAGS ENTERT  SIX US         2,528.3      (67.7)     (70.3)
SIX FLAGS ENTERT  6FE GR         2,528.3      (67.7)     (70.3)
SIX FLAGS ENTERT  SIXEUR EU      2,528.3      (67.7)     (70.3)
SOLARWINDOW TECH  WNDW US            0.8       (3.6)       0.5
SOLARWINDOW TECH  2N0N GR            0.8       (3.6)       0.5
SOLARWINDOW TECH  WNDWUSD EU         0.8       (3.6)       0.5
SONIC CORP        SONC US          552.9     (237.3)      38.7
SONIC CORP        SO4 GR           552.9     (237.3)      38.7
SONIC CORP        SONCEUR EU       552.9     (237.3)      38.7
STRAIGHT PATH-B   STRP US           10.1      (20.3)     (13.5)
STRAIGHT PATH-B   5I0 GR            10.1      (20.3)     (13.5)
SYNTEL INC        SYNT US          461.0      (63.6)     142.3
SYNTEL INC        SYE GR           461.0      (63.6)     142.3
SYNTEL INC        SYE TH           461.0      (63.6)     142.3
SYNTEL INC        SYE QT           461.0      (63.6)     142.3
SYNTEL INC        SYNT1EUR EU      461.0      (63.6)     142.3
SYNTEL INC        SYNT* MM         461.0      (63.6)     142.3
SYNTEL INC        SYNT1USD EU      461.0      (63.6)     142.3
TAILORED BRANDS   TLRD US        2,111.3      (15.0)     735.6
TAILORED BRANDS   WRMA GR        2,111.3      (15.0)     735.6
TAILORED BRANDS   TLRD* MM       2,111.3      (15.0)     735.6
TAILORED BRANDS   TLRDEUR EU     2,111.3      (15.0)     735.6
TAUBMAN CENTERS   TU8 GR         4,108.0     (148.8)       -
TAUBMAN CENTERS   TCO US         4,108.0     (148.8)       -
TINTRI INC        TNTR US          100.9      (68.4)       3.5
TOWN SPORTS INTE  CLUB US          230.9      (99.7)      (4.1)
TRANSDIGM GROUP   T7D GR         9,975.7   (2,951.2)   1,262.6
TRANSDIGM GROUP   TDG US         9,975.7   (2,951.2)   1,262.6
TRANSDIGM GROUP   T7D QT         9,975.7   (2,951.2)   1,262.6
TRANSDIGM GROUP   TDGEUR EU      9,975.7   (2,951.2)   1,262.6
TRANSDIGM GROUP   T7D TH         9,975.7   (2,951.2)   1,262.6
ULTRA PETROLEUM   UPL US         1,862.1   (1,257.8)    (157.3)
ULTRA PETROLEUM   UPL1EUR EU     1,862.1   (1,257.8)    (157.3)
ULTRA PETROLEUM   UPM1 GR        1,862.1   (1,257.8)    (157.3)
ULTRA PETROLEUM   UPM1 TH        1,862.1   (1,257.8)    (157.3)
ULTRA PETROLEUM   UPM1 QT        1,862.1   (1,257.8)    (157.3)
UNISYS CORP       UISCHF EU      2,296.9   (1,649.9)     340.6
UNISYS CORP       UISEUR EU      2,296.9   (1,649.9)     340.6
UNISYS CORP       UIS US         2,296.9   (1,649.9)     340.6
UNISYS CORP       UIS1 SW        2,296.9   (1,649.9)     340.6
UNISYS CORP       USY1 TH        2,296.9   (1,649.9)     340.6
UNISYS CORP       USY1 GR        2,296.9   (1,649.9)     340.6
UNISYS CORP       USY1 QT        2,296.9   (1,649.9)     340.6
UNITI GROUP INC   UNIT US        4,292.2   (1,052.9)       -
UNITI GROUP INC   8XC GR         4,292.2   (1,052.9)       -
VALVOLINE INC     VVV US         1,915.0     (117.0)     312.0
VALVOLINE INC     0V4 GR         1,915.0     (117.0)     312.0
VALVOLINE INC     VVVEUR EU      1,915.0     (117.0)     312.0
VALVOLINE INC     0V4 QT         1,915.0     (117.0)     312.0
VECTOR GROUP LTD  VGR GR         1,409.9     (318.2)     431.7
VECTOR GROUP LTD  VGR US         1,409.9     (318.2)     431.7
VECTOR GROUP LTD  VGR QT         1,409.9     (318.2)     431.7
VECTOR GROUP LTD  VGREUR EU      1,409.9     (318.2)     431.7
VERISIGN INC      VRS TH         2,908.4   (1,229.9)     870.5
VERISIGN INC      VRS GR         2,908.4   (1,229.9)     870.5
VERISIGN INC      VRSN US        2,908.4   (1,229.9)     870.5
VERISIGN INC      VRS QT         2,908.4   (1,229.9)     870.5
VERISIGN INC      VRSNEUR EU     2,908.4   (1,229.9)     870.5
VERISIGN INC      VRSNUSD EU     2,908.4   (1,229.9)     870.5
VIEWRAY INC       VRAY US           88.1      (26.6)      27.9
VIEWRAY INC       6L9 GR            88.1      (26.6)      27.9
VIEWRAY INC       VRAYEUR EU        88.1      (26.6)      27.9
VTV THERAPEUTI-A  VTVT US           24.1       (5.7)       9.3
W&T OFFSHORE INC  WTI US           887.4     (597.3)      34.5
W&T OFFSHORE INC  UWV GR           887.4     (597.3)      34.5
W&T OFFSHORE INC  WTI1EUR EU       887.4     (597.3)      34.5
WEIGHT WATCHERS   WTW US         1,315.5   (1,080.7)     (12.7)
WEIGHT WATCHERS   WW6 GR         1,315.5   (1,080.7)     (12.7)
WEIGHT WATCHERS   WW6 TH         1,315.5   (1,080.7)     (12.7)
WEIGHT WATCHERS   WTWEUR EU      1,315.5   (1,080.7)     (12.7)
WEIGHT WATCHERS   WW6 QT         1,315.5   (1,080.7)     (12.7)
WIDEOPENWEST INC  WOW US         2,676.5     (288.3)     (50.7)
WIDEOPENWEST INC  WU5 TH         2,676.5     (288.3)     (50.7)
WIDEOPENWEST INC  WU5 GR         2,676.5     (288.3)     (50.7)
WIDEOPENWEST INC  WOW1EUR EU     2,676.5     (288.3)     (50.7)
WIDEOPENWEST INC  WU5 QT         2,676.5     (288.3)     (50.7)
WINGSTOP INC      WING US          121.1      (57.7)      (2.1)
WINGSTOP INC      EWG GR           121.1      (57.7)      (2.1)
WINMARK CORP      WINA US           47.2      (39.4)      12.5
WINMARK CORP      GBZ GR            47.2      (39.4)      12.5
WORKIVA INC       WK US            155.6      (14.5)     (12.1)
WORKIVA INC       0WKA GR          155.6      (14.5)     (12.1)
WORKIVA INC       WKEUR EU         155.6      (14.5)     (12.1)
YRC WORLDWIDE IN  YRCW US        1,701.6     (403.7)     226.5
YRC WORLDWIDE IN  YEL1 GR        1,701.6     (403.7)     226.5
YRC WORLDWIDE IN  YEL1 TH        1,701.6     (403.7)     226.5
YRC WORLDWIDE IN  YEL1 QT        1,701.6     (403.7)     226.5
YRC WORLDWIDE IN  YRCWEUR EU     1,701.6     (403.7)     226.5
YUM! BRANDS INC   YUM US         5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   TGR GR         5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   TGR TH         5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   YUMEUR EU      5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   TGR QT         5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   YUMCHF EU      5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   YUM SW         5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   YUMUSD SW      5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   YUMUSD EU      5,454.0   (6,121.0)     596.0


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 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
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***