TCR_Public/180130.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 30, 2018, Vol. 22, No. 29

                            Headlines

111-25 116 LLC: South Ozone Park Property to Be Sold March 2
264 LAGOON: U.S. Trustee Unable to Appoint Committee
401 MACON REALTY: Case Summary & 2 Unsecured Creditors
ADVANCED SOLIDS: Sale of 13 Shale Bins for $3K Each Approved
ALTOMARE AUTO: Wants Exclusive Plan Filing Moved to Feb. 21

AMPLIFY ENERGY: Aera Energy's Rights Not Impaired Under Plan
ANSONIA 1692: U.S. Trustee Unable to Appoint Committee
ARMSTRONG ENERGY: Wants to Maintain Plan Exclusivity Until June 29
ATD CAPITOL: Taps Blakesberg & Company as Accountant
BARTLETT MGMT: Selling Riverside Restaurant Equipment for $75K

BERRY PETROLEUM: Moody's Rates Proposed $350MM Unsec. Notes B3
BILLNAT CORP: $347K Sale of Vehicles & FF&E to Hilco Approved
BLINK CHARGING: Files 6th Amendment to 4.6M Units Prospectus
BLUE CHIP VENTURES: Taps Hilco as Real Estate Advisor
BRANDENBURG FAMILY: Case Summary & 7 Unsecured Creditors

CARAUSTAR INDUSTRIES: Moody's Cuts CFR to B3 on Limited Liquidity
CAROLEI REALTY: Case Summary & 2 Unsecured Creditors
CHATEAU CREOLE: Case Summary & 20 Largest Unsecured Creditors
CINEVIA CORPORATION: Hires Cerrato Zeballos as Accountant
CITGO PETROLEUM: S&P Assigns 'B-' Corp. Credit Ratings

COCRYSTAL PHARMA: Effects 1-for-30 Reverse Common Stock Split
COMPREHENSIVE VASCULAR: Needs More Time to Market Office Building
COMSTOCK RESOURCES: Reports 27% Growth in Proved Oil & Gas Reserves
COOLWATER ESTATES: $120K Sale of Forney Property Approved
COPPER CHIMNEY: U.S. Trustee Unable to Appoint Committee

COPSYNC INC: Court Extends Exclusivity Period Through March 30
CRAPP FARMS: Sale of Approx. 3,072 Pigs to Noble for $73 Each OK'd
CS360 TOWERS: Trustee's Sale of Condo Unit for $440K Okayed
CS360 TOWERS: Trustee's Sale of Sacramento Commercial Units Okayed
CTI BIOPHARMA: Changes State of Incorporation to Delaware

CTI BIOPHARMA: Granted 3-Month Extension to Respond to CHMP
CTI BIOPHARMA: Unit Extinguishes $5.8 Million in Debt
CUMULUS MEDIA: Nasdaq to Delist Shares Effective Feb. 5
CUSTOM BLINDS: Case Summary & 20 Largest Unsecured Creditors
CVS HOLDINGS: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable

DATA COOLING: Seeks More Exclusivity After Finding Liquidating Plan
DAWN MARIE DAVIDE: Debt Owed to V. Lujan is Nondischargeable
DIGERATI TECHNOLOGIES: HP Bid for Professional Fees in Full Junked
DREAM MOUNTAIN: Agrees with DOJ Watchdog to Name Trustee
ENDO INT'L: Egan-Jones Lowers Sr. Unsecured Debt Ratings to CCC+

ENDO SURGICAL CENTER: Seeks Approval to Access Cash Collateral
FALLING LEAVES: U.S. Trustee Unable to Appoint Committee
FGL HOLDINGS: Moody's Assigns Ba3 Issuer Rating; Outlook Stable
FINJAN HOLDINGS: Israel Seed Cut Stake to 9.88% as of Nov. 6
FM 544 PARK: Trustee Taps Barg & Henson as Accountant

GIGA-TRONICS INC: Common Stock Delisted from Nasdaq
GLOBAL A&T: Taps Alvarez & Marsal as Restructuring Advisor
GLOBAL A&T: Taps Kirkland & Ellis as Legal Counsel
GLOBAL A&T: Taps Moelis as Investment Banker & Financial Advisor
GREEKTOWN HOLDINGS: Papas, et al. Free from Trustee's Clawback Suit

HEALTHCARE PROVIDERS INSURANCE: Sent by Pa. Court to Liquidation
HECTOR RICARDO CARMONA: US Court Won't Recognize Mexican Judgments
HELIOS AND MATHESON: Empery Has 4.99% Stake as of Dec. 31
HELIOS AND MATHESON: Will Sell $400 Million Worth of Securities
HIGHVEST CORP: U.S. Trustee Unable to Appoint Committee

HOBBICO INC: Arrma Durango's Case Summary & 10 Unsec. Creditors
HOBBICO INC: Seeks to Hire CR3, Appoint T. O'Donoghue as CRO
HOBBICO INC: Seeks to Hire Keystone, Appoint L. Brownstone as COO
HOBBICO INC: Taps JND Corporate as Administrative Agent
HOBBICO INC: Taps Lincoln Partners as Investment Banker

HOBBICO INC: Taps Morris Nichols as Delaware Counsel
HOBBICO INC: Taps Neal Gerber as Legal Counsel
HOVNANIAN ENTERPRISES: BlackRock Has 8% of Shares as of Dec. 31
HUBBARD GROUP: Taps Sands Anderson as Legal Counsel
ILLINOIS STAR: Exclusive Plan Filing Period Extended Until March 2

INNA DANCE: U.S. Trustee Unable to Appoint Committee
INPIXON: Amends Prospectus on Proposed Units Sale
JW ALUMINUM: Moody's Assigns B3 CFR; Outlook Stable
LAYNE CHRISTENSEN: BlackRock Has 6.1% Stake as of Dec. 31
LBM BORROWER: Moody's Alters Outlook to Pos. & Affirms B3 CFR

LECTRUS CORPORATION: Committee Taps Husch Blackwell as Counsel
LEGAL COVERAGE: Case Summary & 15 Top Unsecured Creditors
LEVI STRAUSS: Fitch Affirms BB IDR & Revises Outlook to Positive
LINCOLN ENTERPRISE: Case Summary & 2 Unsecured Creditors
LOANCORE CAPITAL: Moody's Confirms B1 CFR; Outlook Negative

LOOKIN UP: Taps Florin Roebig as Special Counsel
LSB INDUSTRIES: BlackRock Inc. Has 9.2% Equity Stake
LUCID ENERGY: S&P Assigns 'B+' Corp. Credit Rating, Outlook Stable
LUKE'S LOCKER: Plan Filing Deadline Moved to Feb. 20
MADEESMA INTERNATIONAL: U.S. Trustee Unable to Appoint Committee

MADEESMA INVESTMENT: U.S. Trustee Unable to Appoint Committee
MAMMOET-STARNETH: Taps Rust Consulting as Balloting Agent
MANITOWOC COMPANY: S&P Affirms 'B' CCR & Alters Outlook to Stable
MERRIMACK PHARMACEUTICALS: BlackRock Has 6.1% Stake as of Dec. 31
MILK HOUSE: $142K Private Sale of Chimney Field to Shores Approved

MOTORS LIQUIDATION: Court Finds Proposed Settlement 'Unenforceable'
MUNCIE COMMUNITY SCHOOLS: S&P Cuts Bonds Rating to 'BB-'
OKEECHOBEE CC-I LAND: U.S. Trustee Unable to Appoint Committee
OMNI LION'S RUN: Exclusivity Extension Motion Dismissed as Moot
ONE HORIZON: Will Acquire 51% Membership Interests in 123 Wish

OYSTER COMPANY: Has Final OK to Obtain DIP Financing From OCVA
PES HOLDINGS: Proposes $120M of DIP Financing From Credit Suisse
PIN OAK: Agrees With Watchdog on Appointment of Chapter 11 Trustee
POINT.360: Hires GlassRatner as Financial Consultant
PORTER BANCORP: Patriot Funds Cease as 5% Stockholders

PORTER BANCORP: Reports 2017 Net Income of $37.5 Million
PRIME SECURITY: S&P Alters Outlook to Positive & Affirms 'B+' CCR
QUADRANT 4: Plan Exclusivity Period Extended to Feb. 6
RAGGED MOUNTAIN: Case Summary & 20 Largest Unsecured Creditors
RED CHIP VENTURES: Taps Hilco as Real Estate Advisor

RMG ENTERPRISES: Taps Accounting Solutions as Accountant
RMG ENTERPRISES: Taps Robert Easterling as Bankruptcy Counsel
ROMULUS INTERMEDIATE: S&P Assigns 'B' CCR, Outlook Stable
ROMULUS MERGER: Moody's Assigns B3 CFR; Outlook Stable
RXI PHARMACEUTICALS: Regains Compliance With Nasdaq Listing Rule

S & E HOLDINGS: Taps Matthew P. Conrad as Accountant
SAILING EMPORIUM: Sale of Parcels Delays Plan Filing
SCIENTIFIC GAMES: Expects 9% Revenue Increase in Q4 2017
SEARS HOLDINGS: Moody's Cuts CFR to Ca on Debt Exchange
SHREE SWAMINARAYAN: Mediation Delays Plan Filing

SUNEDISON INC: Strategic Value Reports 40.6% Stake in Newco
TENET CONCEPTS: Case Summary & 8 Unsecured Creditors
TEXAS E&P: Committee Seeks Appointment of Chapter 11 Trustee
TEXAS E&P: Committee Taps Okin Adams as Legal Counsel
THINK FINANCE: Seeks Entry of Supplemental Cash Collateral Order

TOISA LIMITED: Gets Okay to Hire Zolfo, Appoint J. Mitchell as CRO
TOWERSTREAM CORP: Honig No Longer a Shareholder as of Dec. 31
U.S. ENERGY SCIENCES: Case Summary & 20 Top Unsecured Creditors
UNILIFE CORP: Plan of Liquidation Declared Effective
UNIVERSAL LAND: Seeks to Hire Lowderman as Auctioneer

VINCE'S BLACK: Proposes $375K Sale of All Assets to GRJ
WESTINGHOUSE ELECTRIC: Assets Sale/Abandonment Procedures Okayed
WILLIAM FOCAZIO: Seeks Access to FCB Use Cash Collateral
ZOTEC PARTNERS: S&P Assigns 'B-' Corp. Credit Rating, Outook Stable
[*] Feb. 7 Auction of $301,700 in Defaulted Timeshare Loans

[*] Feb. 7 Auction of $618,000 in Defaulted Timeshare Loans
[^] Large Companies with Insolvent Balance Sheet

                            *********

111-25 116 LLC: South Ozone Park Property to Be Sold March 2
------------------------------------------------------------
Sandra M. Munoz, Esq., as Referee, will sell at public auction at
the Queens County Supreme Courthouse, 88-11 Sutphin Blvd., in
Courtroom # 25, Jamaica, NY on March 2, 2018, at 10:00 a.m. the
premises known and designated as Block 11621 and Lot 54 on the
Queens County Tax Assessment Map.

The premises is known as 111-25 116TH STREET, SOUTH OZONE PARK,
NY.

Proceeds of the sale will be used to pay down lien in the amount of
$55,036 plus interest and costs.

The Premises will be sold subject to provisions of the Judgment of
Foreclosure and Sale entered and dated Nov. 29, 2017, in the case,
NYCTL 2015-A TRUST, and THE BANK OF NEW YORK MELLON, as Collateral
Agent and Custodian for the NYCTL 2015-A Trust, Plaintiff -against-
111-25 116 LLC, et al Defendant(s), pending before the Queens
County Supreme Court.

Attorney(s) for Plaintiff:

     Windels Marx Lane & Mittendorf, LLP
     156 W 56 Street
     New York, NY 10019


264 LAGOON: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Lagoon Dr Lido Beach NY LLC as
of Jan. 26, according to a court docket.

            About 264 Lagoon Dr Lido Beach NY LLC

Based in Miami Beach, Florida, 264 Lagoon Dr Lido Beach NY LLC
filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 17-23136) on
October 30, 2017, listing under $1 million both in assets and
liabilities.  The Debtor is represented by Joel M. Aresty, Esq., of
Joel M. Aresty, PA as counsel.


401 MACON REALTY: Case Summary & 2 Unsecured Creditors
------------------------------------------------------
Affiliates that filed voluntary petitions seeking relief under
Chapter 11 of the Bankruptcy Code:

     Debtor                                     Case No.
     ------                                     --------
     401 Macon Realty LLC                       18-40409
     878 East 28th Street
     Brooklyn, NY 11210

     1596 Pacific Realty LLC                    18-40410
     878 East 28th Street
     Brooklyn, NY 11210

     1049 Bergen Realty LLC                     18-40412
     878 East 28th Street
     Brooklyn, NY 11210

Business Description: 1596 Pacific Realty, LLC, 1049 Bergen Realty

                      LLC and 401 Macon Realty LLC listed their
                      businesses as Single Asset Real Estate (as
                      defined in 11 U.S.C. Section 101(51B)).
                      The Debtors lease multi-family or mixed-use
                      buildings in Brooklyn, New York.  The
                      Debtors are affiliated with E & J Macon LLC,
                      which sought bankruptcy protection on
                      Jan. 19, 2018 (Bankr. E.D.N.Y. Case No. 18-
                      40321).

Chapter 11 Petition Date: January 25, 2018

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Hon. Nancy Hershey Lord

Debtors' Counsel: Jay Teitelbaum, Esq.
                  TEITELBAUM LAW GROUP, LLC
                  1 Barker Avenue
                  White Plains, NY 10601
                  Tel: (914) 437-7670
                  Fax: (914) 437-7672
                  E-mail: jteitelbaum@tblawllp.com

401 Macon Realty,
1596 Pacific Realty, and
1049 Bergen Realty's
Estimated Assets: $1 million to $10 million

401 Macon Realty,
1596 Pacific Realty, and
1049 Bergen Realty's
Estimated Debt: $1 million to $10 million

Mark J. Nussbaum, manager, signed the petitions.

A copy of 401 Macon Realty's petition, containing a list of the
Debtor's two unsecured creditors, is available for free at:

        http://bankrupt.com/misc/nyeb18-40409.pdf

A copy of 1596 Pacific Realty's petitions, containing a list of the
Debtor's two unsecured creditors, is available for free at:

        http://bankrupt.com/misc/nyeb18-40410.pdf

A copy of 1049 Bergen Realty's petition, containing a list of the
Debtor's two unsecured creditors, is available for free at:

       http://bankrupt.com/misc/nyeb18-40412.pdf


ADVANCED SOLIDS: Sale of 13 Shale Bins for $3K Each Approved
------------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas (i) authorized Advanced Solids Control, LLC's
sale of 13 shale bins to International Sales, Inc. and/or any
related third party for the minimum cash sales price of $3,000 per
Shale Bin; and (ii) granted the Debtor latitude in selling the
Shale Bins for less than the minimum price of $3,000 should it
become necessary as a result of the condition of the Shale Bin(s).

The sale of the 13 Shale Bins to International Sales and/or any
unrelated third party is free and clear of all liens, claims and
encumbrances.

The sale proceeds from the sales are to be paid to WTF Rentals, LLC
as a partial payment towards WTF Rentals secured claim.

                   About Advanced Solids Control

Advanced Solids Control, LLC, is an oilfield service company
specializing in solids control for land-based oil and gas drilling
operations.  

Advanced Solids sought Chapter 11 protection (Bankr. W.D. Tex. Case
No. 16-52748) on Dec. 2, 2016.  W. Lynn Frazier, managing member,
signed the petition.  The Debtor estimated assets of less than
$50,000 and liabilities of less than $1 million.

William R. Davis, Jr., Esq., at Langley & Banack, Inc., serves as
bankruptcy counsel to the Debtor.  Pena and Grillo PLLC serves as
special counsel to the Debtor.


ALTOMARE AUTO: Wants Exclusive Plan Filing Moved to Feb. 21
-----------------------------------------------------------
Altomare Auto Group, LLC, d/b/a Union Volkswagen, asks the U.S.
Bankruptcy Court for the District of New Jersey to extend the
exclusive period for filing a Plan of Reorganization from Feb. 21,
2018, through May 21, 2018, and extending the Debtors' exclusive
period in which to obtain confirmation of a Plan of Reorganization
from April 22, 2018 through July 22, 2018.

A hearing on the Debtor's request is set for Feb. 21, 2018, at
10:00 a.m.

As reported by the Troubled Company Reporter on Nov. 20, 2017, the
Court previously extended the Debtor's exclusive periods for filing
and obtaining confirmation of a Plan of Reorganization, through and
including Feb. 21, 2018 and April 22, 2018, respectively.

The Debtor has taken substantial steps to streamline its business,
disposing of excess inventory, and processing a sale of
substantially all of its assets.  The Debtor has resolved contested
secured claims and is in the process of pursuing litigation against
third parties in an attempt to increase available assets for
distribution to creditors.  The Debtor has filed four omnibus claim
objections resulting in a reduction of claims of record by over
$700,000.

The Debtor has spent the bulk of its time in Chapter 11 (i)
negotiating cash collateral arrangements with the secured
creditors, (2) negotiating and ultimately obtaining approval for a
sale of substantially all of the assets in this estate, (3)
engaging in the aforesaid litigation, and (4) objecting to claims.

Unfortunately, there was insufficient time before the current
exclusivity period expires to prepare, circulate and file a Plan of
Reorganization and Disclosure Statement in this case.  A mediation
hearing is scheduled regarding the Volkswagen litigation which,
hopefully, will provide more certainty as to what creditors may
receive under a plan in this case.

According to the Debtor, additional time is necessary for the
Debtors to formulate a plan, now that there is more certainty as to
the prospects of, and timing for, distribution to creditors in this
case.   Good Faith progress towards Reorganization. In the short
period of time that the Debtor has been the subject of these
Chapter 11 proceedings, the Debtor has accomplished a great deal.
The Debtor has negotiated a sale of assets, and obtained an Order
approving the sale of substantially all of its assets.  The Debtor
has resolved contested claims with the secured and other creditors
which will be satisfied through the proceeds of sale derived from
the sale of their assets.  The Debtor has been actively and
consistently engaged with creditors in an effort to keep an open
line of communication as to the progress of this case.

The Debtor is current with Monthly Operating Reports and all other
obligations which have accrued since the Chapter 11 filing, with
the exception of accrued professional fees.

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

          http://bankrupt.com/misc/njb16-22376-363.PDF

                   About Altomare Auto Group

Altomare Auto Group, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 16-22376) on June 27,
2016.  On June 30, 2016, Altomare 22 Union, LLC, filed a Chapter 11
petition (Bankr. D. N.J. Case No. 16-22628).  Anthony Altomare,
managing member, signed the petitions.  The cases are jointly
administered and are assigned to Judge John K. Sherwood.

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

The Debtors are represented by Daniel Stolz, Esq., at Wasserman,
Jurista & Stolz, P.C. The Debtors retained Arent Fox LLP as special
automotive counsel; BMC Group, Inc. as its noticing and balloting
agent; D.T. Murphy & Company as automotive consultants; and
WithumSmith & Brown as accountant.

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


AMPLIFY ENERGY: Aera Energy's Rights Not Impaired Under Plan
------------------------------------------------------------
Bankruptcy Judge Marvin Isgur granted in part Beta Operating
Company, LLC's motion for summary judgment and denied Aera Energy
LLC et al.'s motion to dismiss the adversary proceeding captioned
BETA OPERATING COMPANY, LLC, Plaintiff(s), v. AERA ENERGY LLC, et
al, Defendant(s), Adversary No. 17-3365 (Bankr. S.D. Tex.).

Beta filed the adversary proceeding against Aera Energy LLC, Noble
Energy, Inc., and SWEPI LP or the "Previous Owners" requesting an
order: determining that the funds within the Beta Trust are
property of Beta's bankruptcy estate; determining that the Previous
Owners do not have a right to veto the Bureau of Ocean Energy
Management's disbursement orders with respect to the Beta Trust
funds; declaring that the Previous Owners' Class 3B claims are
unimpaired under Beta's chapter 11 plan; alternatively, determining
that the plan provides the Previous Owners with the indubitable
equivalent of their claims; disallowing the Previous Owners' claims
as contingent claims for reimbursement or contribution; and
ordering that the Previous Owners hold no claim against any
additional security provided by Beta to BOEM in excess of the Beta
Trust funds.

Beta subsequently filed a motion for partial summary judgment
seeking a determination of its claims, a determination that the
Previous Owners have no right to veto a direction given by BOEM
with respect to the substitution of current Beta Trust funds with
performance bonds by Beta, and an order requiring the Previous
Owners to execute or deliver any instrument required to effect a
transfer of the funds.

The Previous Owners moved to dismiss Beta's complaint pursuant to
FED. R. CIV. P. 12(b)(1), (6), and (7), arguing that: Beta's
complaint does not fall within the Court's "arising under" or
"arising in" jurisdiction; Beta released its claims within various
settlement agreements; the Beta Trust funds are not property of
Beta's estate; the agreements related to the Beta Trust do not
allow Beta to substitute the Trust's current funds without the
Previous Owners' consent; and that Beta failed to join BOEM as a
necessary party.

Based upon the language within section 2.4(a) of the Beta Trust
Agreement, as well as the status of the Previous Owners as
non-parties to the Beta Trust Agreement, the Court finds that the
Previous Owners may not unilaterally object to any approval by BOEM
of a substitution of current Beta Trust funds with the proposed
performance bonds. When presented with Beta's proposal to
substitute the current Beta Trust Funds, BOEM did not object nor
did it seek the consent of the Previous Owners. The Previous Owners
thus lack the ability to object to Beta's proposed substitution and
their Class 3B claims are left unimpaired by the proposed
transaction, which is to be completed only with BOEM's consent.

Thus, Beta's motion for partial summary judgment is granted in part
because the rights of the Previous Owners are not impaired under
the confirmed plan. The Previous Owners' motions to dismiss are
denied.

The bankruptcy case is in re: MEMORIAL PRODUCTION PARTNERS LP,
Chapter 11 Debtor, Case No. 17-30262 (Bankr. S.D. Tex.).

A full-text copy of Judge Isgur's Memorandum Opinion dated Jan. 19,
2018 is available at https://is.gd/Znun15 from Leagle.com.

Memorial Production Partners LP, Debtor, represented by Lauren Z.
Alexander -- lauren.alexander@weil.com -- Weil Gotshal, Sean
Baldwin , Quinn Emanuel et al, Corey Berman --
corey.berman@weil.com -- Weil Gotshal, Rachel E. Epstein , Quinn
Emanuel, Benjamin I. Finestone  --
benjaminfinestone@quinnemanuel.com -- Quinn Emanuel Urquhart et al,
Gabriel A. Morgan -- gabriel.morgan@weil.com -- Weil, Gothshal &
Manges LLP, Alfredo R. Perez -- alfredo.perez@weil.com -- Weil
Gotshal et al, Philippe A. Selendy , Quinn Emanuel et al, K. John
Shaffer -- johnshaffer@quinnemanuel.com -- Quinn Emanuel, Emily
McLemore Smith  -- emilysmith@quinnemanuel.com -- Quinn Emanuel
Urquhart Sullivan & Edward Soto -- edward.soto@weil.com -- Weil,
Gotshal & Manges LLP.

US Trustee, U.S. Trustee, represented by Christine A. March, Office
of the US Trustee.

            About Memorial Production Partners LP

Houston, Texas-based Memorial Production Partners LP --
http://www.memorialpp.com/-- was a publicly traded partnership
engaged in the acquisition, production and development of oil and
natural gas properties in the United States. MEMP's properties
consisted of mature, legacy oil and natural gas fields.  

Memorial Production Partners LP, Memorial Production Finance
Corporation and their debtor-affiliates filed a Chapter 11 petition
(Bankr. S.D. Tex. Lead Case No. 17-30262) on January 16, 2017.  The
Hon. Marvin Isgur presided over the cases.

The Debtors were represented by Alfredo R. Perez, Esq., at Weil,
Gotshal & Manges LLP, in Houston, Texas; and Gary T. Holtzer, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP, New
York.  The Debtors' financial advisor was Perella Weinberg Partners
LP.  The Debtors' restructuring advisor was Alixpartners, LLP.  The
Debtors' claims, noticing, and solicitation agent was Rust
Consulting/Omni Bankruptcy.

At the time of filing, the Debtors had estimated assets of $1
billion to $10 billion and estimated debts of $1 billion to $10
billion.

                            *     *     *

On April 14, 2017, the Court entered an order approving the Second
Amended Joint Plan of Reorganization of Memorial Production
Partners LP and its affiliated Debtors.  On May 4, 2017, the Plan
became effective pursuant to its terms and the Debtors emerged from
the Chapter 11 Cases.

In connection with the Chapter 11 Cases and the Plan, MEMP and
certain Consenting Noteholders effectuated certain restructuring
transactions, pursuant to which Amplify Energy Corp., a Delaware
corporation, acquired all of the assets of MEMP, and in accordance
with the Plan, MEMP will be dissolved. As a result, the Company
became the successor reporting company to MEMP pursuant to Rule
15d-5 of the Securities Exchange Act of 1934, as amended.


ANSONIA 1692: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Ansonia 1692, LLC as of Jan.
26, according to a court docket.

                      About Ansonia 1692 LLC

Ansonia 1692, LLC is affiliated with 419 SW 2nd Avenue LLC, owner
of a 22-unit rental building in Homestead, Florida, which sought
bankruptcy protection on Sept. 27, 2017 (Bankr. S.D. Fla. Case No.
17-21784).  Ansonia's principal assets are located at 5405 SW 28th
Avenue, Ocala, Florida.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 17-23972) on November 20, 2017.
Jose Paradelo, its managing member, signed the petition.

At the time of the filing, the Debtor disclosed $1.22 million in
assets and $637,000 in liabilities.

Judge Laurel M. Isicoff presides over the case.  Advantage Law
Group, P.A. is the Debtor's bankruptcy counsel.


ARMSTRONG ENERGY: Wants to Maintain Plan Exclusivity Until June 29
------------------------------------------------------------------
Armstrong Energy, Inc., and its debtor affiliates filed with the
U.S. Bankruptcy Court for the Eastern District of Missouri a motion
seeking for 120-day extension the periods during which they have
the exclusive right to (a) file a chapter 11 plan, through and
including June 29, 2018, and (b) solicit votes accepting or
rejecting a plan, through and including Aug. 28, 2018, without
prejudice to their right to seek further extensions.

A hearing on the Debtors' Motion will be held on Feb. 14, 2018 at
11:00 a.m. (CT) and Feb. 7 has been set as the objection deadline.

The Debtors relate that they are only weeks away from the hearing
to confirm their plan of reorganization, which is supported by the
vast majority of the Debtors' stakeholders, including Committee and
more than 75% of the Debtors' senior secured noteholders.

The Plan provides for, among other things, the full and final
resolution of all funded debt obligations, wind down of the
Debtors' businesses and affairs, substantial recoveries for their
creditors, and consummation of a sale transaction. As intended from
the outset of these cases, the Debtors have moved expeditiously to
effectuate a sale of substantially all of their assets and reach a
consensual deal with stakeholders that eases the path to
confirmation and emergence. The Plan is the capstone of the
Debtors' efforts and the foundation for an emergence contemplated
since the beginning of these cases.

The confirmation timeline contemplates a confirmation hearing
beginning on February 2, 2018 and an anticipated effective date
approximately two weeks thereafter, mirroring the milestones
contemplated by the Debtors' cash collateral order and plan support
agreement.  Although the Debtors hope to have their Plan confirmed
at the confirmation hearing, they file this motion out of an
abundance of caution.

The Debtors' progress to date has been achieved in no small part
due to the breathing room provided by chapter 11.  In the midst of
the marketing and sale process, the Debtors believe that
maintaining the exclusive right to file and solicit votes on a
chapter 11 plan is critical to consummating their chapter 11
strategy.

As such, the Debtors assert that extending the Exclusivity Periods
will afford the Debtors and their stakeholders time to finish their
marketing and sale process, negotiate and confirm a chapter 11
plan, and proceed toward consummation of these chapter 11 cases in
an efficient, organized fashion. Therefore, the Debtors request a
120-day extension of the Exclusivity Periods to allow the Debtors
to focus on continuing to advance the process and to preclude the
costly disruption and instability that would occur if competing
plans were to be proposed.

The Debtors contend that between now and the confirmation hearing,
the Debtors will continue to work with all parties to ensure that
the Plan is confirmed and that the Debtors will reach the effective
date as contemplated. But should such efforts fail, extended
exclusivity will ensure that the Debtors' restructuring process
continues to move forward without unnecessary disruption such that
the Debtors can maximize value for all stakeholders and emerge from
chapter 11 efficiently.

                     About Armstrong Energy

Armstrong Energy, Inc., through its 100% wholly owned subsidiary
Armstrong Coal Company, Inc., is a producer of steam coal in the
Illinois Basin.  Armstrong -- http://www.armstrongenergyinc.com/--
controls over 565 million tons of proven and probable coal reserves
and operates five mines in Western Kentucky. Armstrong ships coal
to utilities via rail, truck and barge and has the capability to
provide low cost custom blend coal to fuel virtually any electric
power plant in the Midwest and Southeast regions of the nation.
The Company employs approximately 600 individuals on a full-time
basis.

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

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

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

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

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


ATD CAPITOL: Taps Blakesberg & Company as Accountant
----------------------------------------------------
ATD Capitol, LLC, seeks approval from the U.S. Bankruptcy Court for
the Southern District of Florida to hire Blakesberg & Company as
its accountant.

The firm will assist the Debtor in preparing its monthly reports,
projections and tax compliance filings, and will provide other
accounting services related to its Chapter 11 case.

Jon Blakesberg, the accountant who will be providing the services,
will charge an hourly fee of $225.  The firm's accounting staff
will charge $135 per hour.

Mr. Blakesberg disclosed in a court filing that he is a
"disinterested person" as defined in Section 101(14) of the
Bankruptcy Code.

Blakesberg & Company can be reached through:

     Jon D. Blakesberg
     Blakesberg & Company
     951 S.W. 4th Avenue
     Boca Raton, Florida 33432-5803
     Phone: (561)750-8300
     Fax: (561)750-8332
     E-mail: jon@blakesbergcpas.com

                        About ATD Capitol

ATD Capitol, LLC, was incorporated on Aug. 12 2015, and is in the
office and public building furniture business.  ATD is an affiliate
of Capitol Supply, Inc., which sought bankruptcy protection (Bankr.
S.D. Fla. Case No. 17-21544) on Sept. 20, 2017.

ATD Capitol, LLC, based in Boca Raton, FL, filed a Chapter 11
petition (Bankr. S.D. Fla. Case No. 17-22257) on Oct. 9, 2017.  In
the petition signed by Robert J. Steinman, president, the Debtor
estimated $100,000 to $500,000 in assets and $1 million to $10
million in liabilities.  The Hon. Paul G. Hyman, Jr. presides over
the case.  Bradley Shraiberg, Esq., at Shraiberg Landau & Page,
P.A., serves as bankruptcy counsel to the Debtor.


BARTLETT MGMT: Selling Riverside Restaurant Equipment for $75K
--------------------------------------------------------------
Bartlett Management Services, Inc. ("BMSI"), and affiliates ask the
U.S. Bankruptcy Court for the Central District of Illinois to
authorize the sale of BMSI's restaurant equipment located at its
location at 6566 East Riverside, Loves Park, Illinois, to Istref
Sam Sabani for $75,000.

The Debtors consist of 33 current franchises of KFC Corp., the
franchisor of the Kentucky Fried Chicken quick-service restaurant
chain that provides a diverse menu of chicken and related side
dishes and desserts.  Each of the Debtors is a distinct franchisee
of the Franchisor, with each restaurant subject to its own,
substantially similar, franchise agreement.

The Debtors lease 29 of their 33 locations.  The Debtors' principal
financial problem -- and the one leading to the filing of these
Cases -- lies in the excessive and above-market rental rates that
they are paying for many of their restaurant locations.  Three of
the Debtors' locations -- more specifically BMSI -- are subject to
the Master Lease ("NREH Locations").

The Machesney and Janesville locations long have operated at a
significant profit, whereas Riverside historically has served as a
significant cash drain on the Debtor.  In late 2015, with the
Debtor desperately in need of cash to continue operations, but
having experienced significant sales growth that year, NREH agreed
to purchase (and lease back) the NREH Locations from the Debtor.

The rent NREH charged for NREH Locations under the Master Lease
represented fair market rates for the properties, but the parties
knew that Riverside would not be able to survive unless it
experienced significant sales growth in the coming years.
Unfortunately, sales at Riverside did not increase sufficiency
during 2016, and in late 2016, the Debtor began requesting that
NREH sell Riverside, remove it from the Master Lease, and thereby
free the Debtor of its obligations to pay rent for this location.

Meanwhile, in March 2017, while the NREH's efforts to sell
Riverside were in progress, a fire destroyed the Machesney
restaurant.  Because Machesney and Riverside serve overlapping
customer bases, sales at Riverside improved sufficiently after the
fire for the Debtor to continue operating in the short run.
Nevertheless, regardless of whether BMSI ultimately assumes or
rejects the Master Lease, Riverside will require closure.

In September 2017, NREH located a third-party buyer for the
Riverside property, and on Sept. 28, 2017, NREH entered into the RE
Contract to sell the Riverside real property to the Purchaser by
Dec. 27, 2017.  Because the Purchaser does not intend to continue
the location as a KFC, the Purchaser included as a (poorly drafted
and ambiguous) Addendum to the RE Contract an agreement to the
effect that the Debtor would sell certain restaurant equipment to
the Purchaser for $75,000 (i.e., significantly above the
liquidation value for the Equipment).

On Sept. 28, 2017, NREH and the Debtor entered into a formal
Contract for Purchase and Sale pursuant to which the Debtor was to
sell the Equipment to the Purchaser for $75,000, also by Dec. 27,
2017, and contingent on the sale of the Real Property.  After NREH
learned from the Debtor that it could not complete the Equipment
Sale by Dec. 27, 2017, NREH obtained from the Purchaser an
extension of the RE Contract to Feb. 15, 2018, which the Purchaser
conveyed to NREH was the latest date to which it would delay the
closing

Because the sale of the Equipment was a required aspect of the RE
Contract, and because the Debtor likely would have needed the
Court's approval to amend the Equipment Agreement, the Debtor
neither solicited nor signed a corresponding extension of the
closing date for the Equipment, but the Purchaser has agreed to
purchase the Equipment for $75,000 so long as the transaction
occurs by Feb. 15, 2018.

Heartland Bank and Trust Co. ("HBT"), the Debtors' principal
secured lender, possesses a perfected security interest in all of
BMSI's personal property at Riverside; and HBT has agreed to
release its security interest and lien on the Riverside Equipment,
with its liens to attach to the net proceeds of the sale of the
Equipment.

Unfortunately, at the time of the filing of the Case, the Debtor
omitted to advise the Debtor's counsel of the contemplated
Riverside sale.  Nor did the Debtor make arrangements for the
closing of the Riverside location at the time of the sale.  The
Debtor's counsel learned of the anticipated Equipment Agreement on
Dec. 12, 2017 and did not learn of the absence of arrangements for
the closing
of the location until late in the first week of January 2018.

The Debtor had anticipated filing a motion to approve the Equipment
Agreement once the initial emergency motions were resolved, a
Creditors' Committees were formed and, quite frankly, the Debtors'
counsel had obtained some relief from the time pressures attendant
to dealing with those motions, finalizing the voluminous schedules
and statements and completing the nearly as voluminous production
of materials for, and conducting of, the Initial Debtor Interview
with the UST (on January 6).

Unfortunately, on the morning of Dec. 28, 2017, the Debtors'
counsel suffered partial paralysis of his left arm, substantially
impairing his ability to type and write for approximately 10 days.
Then, on Jan. 10, 2018, the Debtors' counsel learned, in a single
call from relatives, that his uncle had died, that his father was
having heart surgery the following day.  And although, ironically,
counsel's arm condition prevented him from traveling to the East
Coast to be with his family, these events delayed his ability to
focus on the drafting of the Motion.

In any event, after explaining to the Debtor and NREH's counsel the
various bankruptcy-related issue that the sales raise, NREH has
agreed, in the Amendment to Master Lease (a) that the pre-petition
property taxes owing from the Debtor to NREH will only be paid if
the Debtor assumes the Master Lease' (b) that the Debtor will pay
no rent for February 2018; and and (c) that even if the sales fail
to close, the Debtor will owe no rent to NREH through and including
May 2018.

The Debtor asks the Court to approve the sale of the Equipment in
Riverside free and clear of liens, claims and interests, with the
liens against such Equipment to attach to the net sale proceeds.
It further asks the Court to approve an amendment to the Master
Lease governing Riverside to allow for the concurrent sale of both
the Equipment, and the sale of Riverside (and various concessions
by the owner/lessor of the Riverside location.  

The Debtor asks the Court to schedule a hearing on the Motion -- by
which any objection may be filed or presented orally -- for Feb. 6,
2018, concurrently with the hearing on Debtors' Hybrid Section 363
and 327(b) Motion to Continue Employment of Outside Accounting and
Financial Advisory Firm, so that BMSI may close the sale by the
Feb. 15, 2018, closing deadline.

The proceeds of the sale will reduce the Debtors' obligation to HBT
at a price that is substantially above fair market value for the
Equipment.  Accordingly, it asks the Court to approve the relief
sought.

Finally, the Debtor asks the Court to waive the stay period under
Rule 6004(h).

A copy of the Agreement and the Lease attached to the Motion is
available for free at:

     http://bankrupt.com/misc/Bartlett_Management_169_Sales.pdf

The Purchaser:

          Istref Sam Sabani
          796 Riverside Road
          Belvidere, IL 61008

              About Bartlett Management Services

Bartlett Management Services, Inc., Bartlett Management
Indianapolis, Inc., and Bartlett Management Peoria, Inc., won 33
current franchises of KFC Corporation, the franchisor of the
Kentucky Fried Chicken quick-services restaurant chain that
provides a diverse menu of chicken and related side dishes and
desserts.

Bartlett Management Services and its affiliates sought Chapter 11
protection (Bankr. C.D. Ill. Lead Case No. 17-71890) on Dec. 5,
2017.  The Debtors have sought joint administration of the cases
under Case No. 17-71890.  Robert E. Clawson, president, signed the
petitions.

Bartlett estimated $1 million to $10 million in assets and $10
million to $50 million in liabilities.

The Hon. Mary P. Gorman presides over the cases.

Jonathan A Backman, Esq., at the Law Office of Jonathan A. Backman,
serves as bankruptcy counsel to the Debtors.  The Debtors also
hired Valenti Florida Management, Inc., as accountant and financial
advisor, Steven A. Nerger of Silverman Consulting, Inc., as chief
restructuring officer.

On Jan. 8, 2018, the Office of the United States Trustee appointed
an Unsecured Creditors' Committee in each of the three cases.  On
Jan. 19, 2018, counsel filed appearances on behalf of all three
Committees.


BERRY PETROLEUM: Moody's Rates Proposed $350MM Unsec. Notes B3
--------------------------------------------------------------
Moody's Investors Service assigned first time ratings to Berry
Petroleum Company, LLC, including a B2 Corporate Family Rating
(CFR), B2-PD Probability of Default Rating and a B3 rating on its
proposed $350 million senior unsecured notes. The rating outlook is
stable.

Berry intends to use the net proceeds from the offering to pay down
borrowings under its revolving credit facility and for general
corporate purposes.

"Berry Petroleum benefits from a durable asset base in California
and low leverage, but has a concentrated production portfolio and
modest scale," stated James Wilkins, Moody's Vice President.

The following summarizes the ratings activity.

Ratings Assigned:

-- Issuer: Berry Petroleum Company, LLC

-- Corporate Family Rating, Assigned B2

-- Probability of Default Rating, Assigned B2-PD

-- $350 million Senior Unsecured Regular Bond/Debenture, Assigned

    B3 (LGD5)

Outlook actions

-- Outlook, assigned Stable

RATINGS RATIONALE

Berry's B2 CFR is constrained by its modest size, limited asset
diversification, customer concentration and relatively high cost
production using thermal oil recovery. The company benefits from
low leverage, and a steady but growing production profile in the
low-decline oil assets in California's San Joaquin Basin. Moody's
expect Berry will modestly grow its production volumes while
internally funding capital expenditures. Leverage is low (as
measured by asset coverage of debt, PV-10 as of November 30, 2017
to Debt of 2.8x) and is expected to remain so, supported by
management's conservative financial policy (the company targets a
long-term, through the cycle leverage ratio between 1.5x and 2.0x)
and positive free cash flow generation.

The $350 million senior unsecured notes are rated B3, one notch
below the B2 Corporate Family Rating (CFR), consistent with Moody's
Loss Given Default Methodology. The notching reflects the notes'
more junior priority of claim on assets relative to the largely
undrawn $412.5 million secured revolver debt and the amount of
secured debt. If Berry increases the size of its bank credit
facility, the notes could be downgraded and double notched. Moody's
expect Berry to redeem the perpetual preferred equity ($358 million
as of January 31, 2018), which yields 6%, but do not expect the
company to significantly increase its leverage in doing so.

The notes and revolver are guaranteed by Berry Petroleum Company,
LLC's parent, Berry Petroleum Corporation. Berry Petroleum Company,
LLC does not have any subsidiaries, but in the future restricted
subsidiaries of Berry Petroleum Corporation will guarantee the
notes.

Berry has good liquidity supported by cash flow from operations and
undrawn borrowing capacity under its revolving credit facility due
2022. Moody's expects the company to target a moderate growth
profile such that it produces breakeven or positive free cash flow.
As of September 30, 2017, the revolver had a borrowing base of $500
million (which will be reduced to $412.5 million following the $350
million notes offering) and approximately $360 million of
availability, pro forma for the notes offering and considering $21
million of outstanding letters of credit. The revolving credit
facility has two maintenance financial covenants -- a maximum
leverage ratio of 4.0x and minimum current ratio of 1.0x. Moody's
expects Berry to remain well within the stated covenants through
2018. The company has no near-term debt maturities.

The stable outlook reflects Moody's expectation that Berry will
fund its capital spending within internally generated cash flow as
it grows production modestly. An upgrade could be considered if
Berry achieves production volumes of 40 Mboe/d while maintaining
strong financial metrics. The ratings may be downgraded if the
company's retained cash flow to debt appears likely to fall below
15%, capital efficiency deteriorates, or leverage meaningfully
increases.

The principal methodology used in these ratings was Independent
Exploration and Production Industry published in May 2017.

Berry Petroleum Company, LLC, headquartered in Bakersfield,
California, is an independent oil & gas exploration and production
company with operations focused in California's San Joaquin Basin
that account for roughly 70% of its production and 90% of its PV-10
value as well as operations in Utah, Colorado and Texas. Oil
comprises about 80% of production.


BILLNAT CORP: $347K Sale of Vehicles & FF&E to Hilco Approved
-------------------------------------------------------------
Judge Maria L. Oxholm of the U.S. Bankruptcy Court for the Eastern
District of Michigan authorized BillNat Corp.'s sale of vehicles,
furniture, fixtures, and equipment at the "File Buy Locations"
where the Debtor still has lease obligations to Hilco Fixture
Finders, LLC, for $86,500, plus 50% of all Gross Proceeds in excess
of $260,000.

The sale is free and clear of any and all Liens, Claims, and
Encumbrances, with all such Liens Claims, and Encumbrances to
attach only to the proceeds of the Sale Assets.

The sale approved by the Order is not subject to avoidance or any
recovery or damages pursuant to section 363(n) of the Bankruptcy
Code.  Hilco and the Debtor will have no obligation to proceed with
the Closing until all conditions precedent to their respective
obligations to do so have been met, satisfied, or waived as set
forth on the Hilco Agreement.

The Debtor is authorized to assume the Hilco Agreement pursuant to
section 365(a) of the Bankruptcy Code.

Notwithstanding Bankruptcy Rules 6004 and 6006, the Order will be
effective and enforceable immediately upon entry and its provisions
will be self-executing.  Time is of the essence in closing the sale
referenced, and the Debtor and Hilco intend to close the sale as
soon as practicable.

If and to the extent that Section 362 may be applicable to a
particular action in connection with the Hilco Agreement and sale,
the automatic stay pursuant to section 362 of the Bankruptcy Code
is lifted with respect to the Debtor to the extent necessary,
without further order of the Court, to allow Hilco to deliver any
notice provided for in the Hilco Agreement and allow Hilco to take
any and all actions permitted under the Hilco Agreement in
accordance with the terms and conditions thereof.

                       About BillNat Corp.

BillNat Corporation operates 20 retail pharmacies from leased
facilities in Southern Michigan under the name "Sav-On Drugs".  It
was solely owned by Mr. William G. Newman until all of its capital
stock was acquired by the Frank W. Kerr Company in exchange for Mr.
Newman receiving additional shares of Kerr in a transaction that
closed in August 2015, but was retroactively effective as of Dec.
15, 2014.

Novi, Michigan-based Frank W. Kerr Company filed a Chapter 7
petition on Aug. 23, 2016.  The Debtor consented to and the Court
entered an order for relief under Chapter 11, converting the case
to a Chapter 11 proceeding (Bankr. E.D. Mich. Case No. 16-51724) on
Sept. 19, 2016.  Kerr tapped McDonald Hopkins PLC as counsel.  Epiq
Bankruptcy Solutions, LLC, serves as the Debtor's noticing, claims
and balloting agent.  The Debtor hired Conway Mackenzie Management
Services, LLC, as restructuring consultant and Jeffrey K. Tischler
as chief restructuring officer.  

BillNat Corporation filed a petition seeking relief under Chapter
11 of the United States Bankruptcy Code (Bankr. E.D. Mich. Case No.
17-54357) on Oct. 13, 2017.

BillNat estimated assets of $10 million to $50 million and debt of
$50 million to $100 million.

The case judge is the Hon. Maria L. Oxholm.

On Nov. 9, 2017, the U.S. Trustee, Deniel M. McDermott, appointed
two creditors to serve on the official committee of unsecured
creditors in the Chapter 11 case of Billnat Corporation.  The
Committee members are: (1) Curt Johnson, Credit Manager (Committee
Chair) and (2) Michelle Konwinski, Controller.

The Creditors Committee retained Lowenstein Sandler LLP as lead
counsel; Wolfson Bolton PLLC as local counsel; and BDO USA, LLP, as
financial advisor.


BLINK CHARGING: Files 6th Amendment to 4.6M Units Prospectus
------------------------------------------------------------
Blink Charging Co. filed with the Securities and Exchange
Commission an amendment no.6 to its Form S-1 registration statement
in connection with 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 Jan. 11, 2018, 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.

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. 24, 2018 was
$7.00.  The Company has applied to have its Common Stock and
warrants listed on The NASDAQ Capital Market under the symbols
"BLNK" and "BLNKW," respectively, which listing it expects to occur
upon consummation of this offering and is a condition of this
offering.  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 Form S-1/A is available for free at:

                      https://is.gd/pwO1Zc

                    About Blink Charging Co.

Based in Miami Beach, Florida, Blink Charging Co. (OTC: CCGID),
formerly known as Car Charging Group, Inc. --
http://www.CarCharging.com/, http://www.BlinkNetwork.com/,and  
http://www.BlinkHQ.com/-- 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.



BLUE CHIP VENTURES: Taps Hilco as Real Estate Advisor
-----------------------------------------------------
Blue Chip Ventures LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Hilco Real
Estate LLC as its real estate advisor.

The firm will assist the company and its affiliate Red Chip
Ventures Inc. in marketing and selling three contiguous empty lots
in Manhattan.  

The proceeds of the purchase price remaining after payment of
Hilco's fee will be allocated between the estates of Blue Chip
Ventures and Red Chip Ventures, which filed a separate Chapter 11
case.

Under the services agreement, Hilco will advance a marketing
investment budget of up to $21,521 to market the properties and
will be paid a buyer's premium of 5% of the purchase price for the
properties but will receive a commission of only 1% of any credit
bid.  Moreover, the firm will be reimbursed its marketing expenses
actually expended only if there is no sale of the properties, the
properties are sold through a successful credit bid, or the auction
is cancelled.

Jeff Azuse, senior vice-president of Hilco, disclosed in a court
filing that his firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Jeff Azuse
     Hilco Real Estate LLC
     5 Revere Dr., Suite 320
     Northbrook, IL 60062
     Phone: 847.714.1288

                   About Blue Chip Ventures

Blue Chip Ventures LLC listed its business as a single asset real
estate (as defined in 11 U.S.C. Section 101(51B)), whose principal
place of business is located at 578 Driggs Avenue, Brooklyn, New
York.

Blue Chip Ventures sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-12686) on Sept. 25,
2017.  In the petition signed by Melvin Caro, managing member, the
Debtor estimated assets of $1 million to $10 million and
liabilities of less than $1 million.  Judge Sean H. Lane presides
over the case.  Isaac Nutovic, Esq., at Nutovic & Associates, is
the Debtor's bankruptcy counsel.


BRANDENBURG FAMILY: Case Summary & 7 Unsecured Creditors
--------------------------------------------------------
Debtor: The Brandenburg Family Limited Partnership
        6319 Mountain Church Road
        Jefferson, MD 21755-9504

Type of Business: The Brandenburg Family Limited Partnership
                  is a family limited partnership in Jefferson,
Maryland.

Chapter 11 Petition Date: January 25, 2018

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

Case No.: 18-11041

Judge: Hon. Thomas J. Catliota

Debtor's Counsel: Gary R. Greenblatt, Esq.
                  MEHLMAN, GREENBLATT & HARE, LLC
                  723 South Charles Street, Suite LL3
                  Baltimore, MD 21230
                  Tel: (410) 547-0300
                  Fax: (410) 547-7474
                  E-mail: grgreen@mehl-green.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Dwight C. Brandenburg, managing
partner.

A copy of the Debtor's list of seven unsecured creditors is
available for free at http://bankrupt.com/misc/mdb18-11041.pdf


CARAUSTAR INDUSTRIES: Moody's Cuts CFR to B3 on Limited Liquidity
-----------------------------------------------------------------
Moody's Investors Service downgraded the corporate family rating of
Caraustar Industries, Inc. to B3 from B2 and the probability of
default rating to B3-PD from B2-PD. Moody's also downgraded
instrument ratings. The downgrade reflects Moody's expectations of
limited liquidity and leverage that will likely remain above 6
times in 2018 given Moody's view that recycled fiber prices will be
on average unchanged in 2018 compared to 2017, while the company
will realize only a portion of the announced price increases
limiting potential EBITDA and free cash flow improvement in 2018.
The ratings outlook is stable.

Downgrades:

Issuer: Caraustar Industries, Inc.

-- Probability of Default Rating, Downgraded to B3-PD from B2-PD

-- Corporate Family Rating, Downgraded to B3 from B2

-- Senior Secured Term Loan, Downgraded to B3(LGD4) from B2(LGD4)

-- Senior Secured ABL Revolving Credit Facility, Downgraded to
    Ba3(LGD1) from Ba2(LGD1)

Outlook Actions:

Issuer: Caraustar Industries, Inc.

-- Outlook, Remains Stable

RATINGS RATIONALE

The downgrade to B3 reflects weak credit metrics and negative free
cash flow in 2017 due to a rise in raw material costs and
expectations that leverage will remain over 6 times in 2018 despite
some recent positive developments in the recycled board market.
Average prices for a benchmark recycled fiber grade used by
Caraustar to make its paperboard - old corrugated containers (OCC)
- increased 50% in 2017, driven by strong domestic demand and a run
up in Chinese demand ahead of its implementation of tighter
environmental rules for recycled fiber imports. Although OCC prices
declined at the end of 2017, Moody's expect average prices in 2018
will be in line with 2017. Moody's expect the company to realize a
portion of the price increases announced by recycled board
producers, but Moody's expect leverage to remain above 6 times in
2018. Moody's expect the company generate a modest amount of free
cash flow and maintain adequate, but rather weak, liquidity over
the next 12 months

Caraustar's B3 corporate family rating reflects weak credit metrics
and potential earnings volatility due to exposure to volatile
recycled fiber costs. The rating also reflects limited product
diversity with concentration in the recycled paperboard industry
that faces low organic growth rates and therefore may experience
pricing pressures. Caraustar benefits from its position as the
second largest producer of uncoated recycled paperboard (URB) in
North America, which converts roughly 40% of the board it produces.
With low organic growth rates and private-equity ownership the
company has supplemented its growth with acquisitions and capital
investments and does not have a history of consistent debt
paydown.

The stable outlook reflects Moody's expectations that average
recycled fiber costs will remain flat year-on-year in 2018, but the
company will improve its earnings and free cash flow through price
increases.

To achieve an upgrade, the company needs to reduce debt-to-EBITDA
to below 5.5 times and improve its liquidity.

The ratings could be downgraded if recycled fiber costs rise in
2018 and credit metrics fail to improve. Specifically, the rating
could be downgraded if free cash flow remains negative in 2018 and
leverage remains above 6.5 times. Any deterioration in liquidity
would also pressure the rating. The rating could also be downgraded
if the company pursues a significant debt-financed acquisition or
dividend recapitalization while its metrics are stretched.

The principal methodology used in these ratings was Global Paper
and Forest Products Industry published in October 2013.

Headquartered in Austell, Georgia, Caraustar Industries, Inc. is an
integrated manufacturer of 100% recycled paperboard and converted
paperboard products. Caraustar serves the four principal recycled
boxboard product end-use markets: tubes and cores, folding cartons,
gypsum facing paper and specialty paperboard products. The company
has 13 paper mills that produce both uncoated recycled board and
coated recycled board, 42 tube and core converting plants, 7
folding carton converting plants and 1 composite can facility.
Caraustar reported sales of $1.3 billion in the twelve months ended
September 30, 2017. Caraustar is a portfolio company of H.I.G.
Capital.


CAROLEI REALTY: Case Summary & 2 Unsecured Creditors
----------------------------------------------------
Debtor: Carolei Realty LLC
        156 Valentine Street
        Yonkers, NY 10704

Business Description: Carolei Realty LLC, a privately held
                      company, listed its business as a
                      Single Asset Real Estate (as defined in 11
                      U.S.C. Section 101(51B)).  The company owns
                      in fee simple a real property located at 800

                      Allerton Avenue Bronx, NY 10467 with a
                      revenue-based valuation of $3 million.

Chapter 11 Petition Date: January 26, 2018

Court: United States Bankruptcy Court
       Southern District of New York (White Plains)

Case No.: 18-22145

Judge: Hon. Robert D. Drain

Debtor's Counsel: Dawn Kirby, Esq.
                  DELBELLO DONNELLAN WEINGARTEN WISE &
                  WIEDERKEHR, LLP
                  One North Lexington Avenue
                  White Plains, NY 10601
                  Tel: (914) 681-0200
                  Fax: 914-681-0288
                  E-mail: dkirby@ddw-law.com

Total Assets: $3.15 million

Total Liabilities: $83,915

The petition was signed by John Ciardullo, managing member.

A copy of the petition, containing a list of the Debtor's two
unsecured creditors, is available for free at:

        http://bankrupt.com/misc/nysb18-22145.pdf


CHATEAU CREOLE: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Chateau Creole Apartments, LLC
        162 New Orleans Blvd
        Houma, LA 70364

Type of Business: Chateau Creole Apartments, LLC is privately
                  held real estate company that owns 208
                  residential rental units located at 273
                  Monarch Drive, Houma, Louisiana valued
                  at $6.25 million (based on revenue).

Chapter 11 Petition Date: January 25, 2018

Case No.: 18-10148

Court: United States Bankruptcy Court
       Eastern District of Louisiana (New Orleans)

Debtor's Counsel: Frederick L. Bunol, Esq.
                  THE DERBES LAW FIRM, L.L.C.
                  3027 Ridgelake Drive
                  Metairie, LA 70002
                  Tel: (504) 837-1230
                  Fax: (504) 832-0327
                  E-mail: fbunol@derbeslaw.com

Total Assets: $6.27 million

Total Liabilities: $9.89 million

The petition was signed by Damon J. Baldone, managing member.

A full-text copy of the petition, containing a list of the Debtor's
20 largest unsecured creditors, is available for free at:

           http://bankrupt.com/misc/laeb18-10148.pdf


CINEVIA CORPORATION: Hires Cerrato Zeballos as Accountant
---------------------------------------------------------
Cinevia Corporation seeks authority from the U.S. Bankruptcy Court
for the District of Puerto Rico to employ Ronald F. Cerrato
Zeballos, as accountant to the Debtor.

Cinevia Corporation requires Cerrato Zeballos to assist the Debtor
in accounting matters and compliance with tax return filing and
reporting matters.

Cerrato Zeballos will be paid $300 per month.

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

Ronald F. Cerrato Zeballos, 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.

Cerrato Zeballos can be reached at:

     Ronald F. Cerrato Zeballos
     Urb. Rio Hondo 2, AB 15 Calle Rio Fajardo
     Bayamon, PR 00961
     Tel: (787) 402-1242

              About Cinevia Corporation

Cinevia Corporation, filed a Chapter 11 bankruptcy petition (Bankr.
D.P.R. Case No. 18-00135) on January 12, 2018, disclosing under $1
million in both assets and liabilities. The Debtor is represented
by Noemi Landrau Rivera, Esq., at Landrau Rivera & Associates.


CITGO PETROLEUM: S&P Assigns 'B-' Corp. Credit Ratings
------------------------------------------------------
S&P Global Ratings said that its 'B-' corporate credit ratings on
U.S. refinery company CITGO Petroleum Corp. and CITGO Holding Inc.,
a U.S. holding company that owns PDVSA's interests in CITGO
Petroleum, are unchanged. The ratings remain on CreditWatch where
S&P placed them with developing implications on Dec. 7, 2017.

S&P said, "Our 'B+' issue-level rating on CITGO Petroleum's senior
secured debt is also unchanged. The recovery rating on the debt
remains '1', which indicates the likelihood of very high (90%-100%;
rounded estimate: 95%) recovery following a default. Finally, our
'B-' issue-level rating on CITGO Holding's outstanding senior
secured debt due 2018 and 2020 is unchanged. The recovery rating is
'3', reflecting our expectation for meaningful (50%-70%; rounded
estimate: 55%) recovery in the event of default. The issue-level
ratings remain on CreditWatch with developing implications where we
placed them on Dec. 7, 2017."

CITGO Petroleum owns three refining assets with a combined
nameplate capacity of 749,000 barrels per day--two in the Gulf
Coast and one near Chicago--that have collectively the highest
complexity ratings of all U.S. refiners. Petroleum also owns and
operates an extensive distribution network of 33 refined product
terminals with a storage capacity of 8.9 million barrels in the
eastern and upper Midwest regions as well as having equity
ownership of an additional 10 terminals with 3.9 million barrels of
storage capacity and supplies fuels to about 5,300 branded (but
independently owned) retail gas stations in the eastern and upper
Midwest regions of the U.S.

S&P said, "The 'B-' rating on CITGO is a result of our assessment
that CITGO is an "insulated subsidiary" of PDVSA under our group
rating methodology. In cases where the rating on the parent is in
the 'CCC' category (or lower as it is here), our group rating
methodology caps the rating of the insulated subsidiary at 'B-' if
we believe the subsidiary will not be included in a potential
bankruptcy of its parent. The rating of an insulated subsidiary is
usually one notch above the rating of the parent, so the rating on
CITGO will not go up, absent any change in ownership, until PDVSA
is rated at least 'B-' itself.

"Our ratings on CITGO would likely be higher were it no longer
owned by PDVSA. This is represented by the stand-alone credit
profile (SACP) or 'b+', which is S&P Global Ratings' assessment of
CITGO's creditworthiness absent any impact from the credit quality
of its owner."

CreditWatch with developing implications means that there is a high
likelihood of a rating action, either negative or positive, within
the next 90 days. Events that would lead to a negative rating
action would include PDVSA seeking bankruptcy protection that a
court agrees must include CITGO or the government of Venezuela
taking an action that has a negative impact on the operational
capability of CITGO, such as forcing an asset sale that alters the
cash flow profile of the company. While the relevant credit
documents governing CITGO's debt greatly limit any sale of assets
and payment to PDVSA of the resulting proceeds, PDVSA's 100%
control of CITGO and extremely difficult financial position provide
incentive for PDVSA to try to monetize assets at CITGO in some
way.

Given the immediate need for cash in Venezuela, there is a chance
that PDVSA may seek to sell CITGO, which would lead to an upgrade,
at least to its current stand-alone credit profile of 'b+' and
potentially higher depending on the linkage between CITGO and the
buyer.

Given the overhang of PDVSA's ownership and the current political
situation in Venezuela, we believe that there is a somewhat great
likelihood of a negative rating action than a positive one.
However, it is important to stress that it is difficult to know
with any certainty what is happening in Venezuela, the motivations
of the relevant parties, and any potential end game.


COCRYSTAL PHARMA: Effects 1-for-30 Reverse Common Stock Split
-------------------------------------------------------------
The Board of Directors of Cocrystal Pharma, Inc. filed an amendment
with the Delaware Secretary of State to effect a one-for-30 reverse
split of the Company's class of Common Stock.  The Amendment took
effect on Jan. 24, 2018.  No fractional shares will be issued or
distributed as a result of the Amendment.  In lieu of issuing
additional shares, all shareholders who would be entitled to
receive one or more fractional shares as a result of the reverse
stock split will receive cash payment for their fractional shares.
There was no change in the par value of its common stock.

                     About Cocrystal Pharma

Cocrystal Pharma, Inc., formerly known as Biozone Pharmaceuticals,
Inc., is a pharmaceutical company with a mission to discover novel
antiviral therapeutics as treatments for serious and/or chronic
viral diseases.  Based in Tucker, Georgia, Cocrystal Pharma employs
unique technologies and Nobel Prize winning expertise to create
first- and best-in-class antiviral drugs.  These technologies and
the Company's market-focused approach to drug discovery are
designed to efficiently deliver small molecule therapeutics that
are safe, effective and convenient to administer.

The report from BDO USA, LLP, in Seattle, Washington, the Company's
independent registered public accounting firm for the year ended
Dec. 31, 2016, included an explanatory paragraph stating that that
the Company has suffered recurring losses from operations and has
an accumulated deficit that raise substantial doubt about its
ability to continue as a going concern.

Cocrystal Pharma reported a net loss of $74.87 million in 2016, a
net loss of $50.12 million in 2015 and a net loss of $99,000 in
2014.  As of Sept. 30, 2017, Cocrystal Pharma had $122.3 million in
total assets, $22.25 million in total liabilities and $99.99
million in total stockholders' equity.


COMPREHENSIVE VASCULAR: Needs More Time to Market Office Building
-----------------------------------------------------------------
Comprehensive Vascular Surgery of Georgia, Inc., asks the U.S.
Bankruptcy Court for the Northern District of Georgia to further
extend the Debtor's exclusive periods during which only the Debtor
can file a plan of reorganization and solicit acceptance of the
plan to and including March 30, 2018, and May 30, 2018,
respectively.

A hearing to consider the Debtor's request is set for Feb. 18,
2018, at 10:30 a.m.

As reported by the Troubled Company Reporter on Dec. 18, 2017, the
Court previously extended the exclusive periods for filing a plan
of reorganization and soliciting acceptances to the plan to Feb.
24, 2018, and April 25, 2018, respectively.

The Debtor says that though this case is not overly large or
complex, the case involves a medical practice that is very
important to the patients and communities it serves, as well as to
its employees.  The Debtor has made significant progress in this
case.  Over the ten months the case has been pending, the Debtor
has continued its operations, is paying its administrative debts as
they come due, is paying its employees, and has made substantial
progress negotiating with its creditors toward the overall goal of
confirming a Chapter 11 plan.

The Debtor submits that it will require additional time than is
afforded by the present Exclusive Periods to accomplish that goal.


The Debtor previously advised that it expected to soon file a
motion for authority to sell its medical office building -- the
Debtor's principal tangible asset -- the proceeds of which were
anticipated to satisfy all claims against the Debtor.
Unfortunately, that sale did not proceed as expected, but the
Debtor is continuing in its efforts to sell the building, and is
otherwise continuing in its negotiations with creditors.
Accordingly, the Debtor is making good faith progress toward
reorganization, and is demonstrating reasonable prospects for
filing a viable plan.

The Debtor assure the Court that it is not seeking this extension
to put pressure on its creditors, but rather needs more time than
is afforded by the current Exclusive Periods to market and sell its
medical office building, continue negotiations with creditors,
obtain adequate information for a plan, and to prepare appropriate
court filings for a plan.

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

          http://bankrupt.com/misc/ganb17-53761-86.pdf

         About Comprehensive Vascular Surgery of Georgia

Comprehensive Vascular Surgery of Georgia, Inc., provides
in-patient and out-patient vascular surgery services and related
diagnostic evaluation and therapeutic services.

Comprehensive Vascular Surgery of Georgia, Inc., filed a Chapter 11
petition (Bankr. N.D. Ga. Case No. 17-53761) on March 1, 2017.  The
Debtor estimated $1 million to $10 million in assets and
liabilities.  The petition was signed by Albert T. Tagoe, M.D., its
CEO.

Bryan E. Bates, Esq., at Dentons US LLP, is the Debtor's counsel.
The Debtor hired Shane Investment Property Group, LLC, as
commercial real estate broker.


COMSTOCK RESOURCES: Reports 27% Growth in Proved Oil & Gas Reserves
-------------------------------------------------------------------
Comstock Resources, Inc., announced that its proved oil and natural
gas reserves as of Dec. 31, 2017 were estimated by its independent
petroleum engineering firm at 7.6 million barrels of crude oil and
1,117 billion cubic feet ("Bcf") of natural gas or 1,162 billion
cubic feet of natural gas equivalent ("Bcfe") as compared to total
proved reserves of 916 Bcfe as of Dec. 31, 2016.  Comstock replaced
its 2017 production by 387% and grew its proved reserves by 27%.  

Of the proved reserves at Dec. 31, 2017, 41% are classified as
proved developed and 98% are operated by Comstock.  The present
value, using a 10% discount rate, of the future net cash flows
before income taxes of the proved reserves (the "PV-10 Value") was
approximately $866 million, using average first of the month 2017
prices of $2.88 per Mcf for natural gas and $48.71 per barrel for
oil.  The PV-10 Value increased 101% from 2016's PV-10 Value of
$431 million.  The oil and natural gas prices used in determining
the 2017 year-end proved reserve estimates were 30% higher for oil
and 26% higher for natural gas as compared to 2016 average prices.

The following table reflects the changes in the proved reserve
estimates since the end of 2016:

                               Oil       Natural Gas   Total
                             (MBBLs)       (Bcf)       (Bcfe)
                             -------     ------------  ------
Proved Reserves at             7,277            872.5   916.1
December 31, 2016
Production                     (951)            (73.5)  (79.2)
Extensions and discoveries        1              291.9   291.9
Divestitures                     (7)             (7.6)   (7.6)
Price-related revisions        1,229              19.1    26.5
Performance-related revisions      3              14.6    14.6
                              -------            ------  -------
                               7,552              1,117  1,162.3
                              =======            ======  =======

Comstock produced 79 Bcfe or 217 million cubic feet equivalent
("MMcfe") per day during 2017.  Natural gas production in 2017 grew
to 73.5 Bcf while oil production decreased to 951,000 barrels.  The
Company's natural gas production increased 46% from 2016's
production pro forma for the divestitures that occurred in 2016.
Natural gas comprised 93% of Comstock's 2017 total production as
compared to 87% in 2016.  Production in the fourth quarter of 2017
was 23.5 Bcfe or 255 MMcfe per day which was comprised of 2,319
barrels of oil per day and 241 MMcf of natural gas per day.  Fourth
quarter natural gas production increased 90% from 2016 fourth
quarter production pro forma for the divestitures in 2016.

The significant growth in production and proved reserves is
attributable to the Company's successful Haynesville shale drilling
program in 2017.  Comstock added 292 Bcfe of new reserves primarily
related to its Haynesville shale properties.  In addition, the
Company experienced 41 Bcfe in upward revisions due to improved oil
and gas prices and strong well performance in 2017.  The 2017
proved reserve estimates include only 83 (61 net) proved
undeveloped locations.

Comstock spent $174.6 million for its development activities in
2017 and an additional $4.2 million on new Haynesville shale leases
to be developed in the future.  Based on the 2017 proved reserve
additions, Comstock's "all-in" finding costs were approximately 54
cents per Mcfe.  

Comstock drilled 30 horizontal wells (15.7 net) in 2017; 22 (14.4
net) of the wells were Haynesville shale wells and seven wells (1.3
net) were Bossier shale wells.  Comstock also completed six (3.0
net) Haynesville shale wells that were drilled in 2016.  Sixteen
(12.8 net) of the wells drilled in 2017 were also completed in
2017.  The remaining 14 (2.9 net) wells will be completed in 2018.
Twenty-four (15.4 net) of the 30 wells drilled were operated by
Comstock.  Twenty-two wells (14.4 net) were Haynesville shale wells
and two wells (1.0 net) were Bossier shale wells.   Comstock was
drilling four operated wells (1.5 net) at year end.  

The Company's Eagle Ford shale properties in South Texas, which are
currently being marketed for divestiture, comprise 7.1 million
barrels of oil and 10.5 Bcf of natural gas of the proved reserves
at Dec. 31, 2017 and had a PV-10 Value of $109 million.  The
proceeds for the potential divestiture of these assets are expected
to be used to reduce debt and facilitate a refinancing of the
Company's existing debt.

                    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 $899.6 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.


COOLWATER ESTATES: $120K Sale of Forney Property Approved
---------------------------------------------------------
Judge Stacey G.C. Jernigan of the U.S. Bankruptcy Court for the
Northern District of Texas authorized Coolwater Estates, LLC's sale
of the lot identified as 12085 Coolwater Circle, Forney, Texas,
consisting of 3.36 acres, to Mark Rodriguez and Matt Rodriguez for
$120,000.

The sale is free and clear of all liens, claims, encumbrances, and
interests.

The Court further granted authority for the following payments to
be made out of the sales proceeds contemporaneous with making
payment to the respective Secured Creditors: (i) applicable real
estate agent commissions; (ii) closing costs; (iii) the ad valorem
property taxes associated with the Real Property for tax year 2017
only; (iv) U.S. Trustee Quarterly Fees and bank fees associated
with the sale; and (v) the attorney's fees in the amount of $1,000
incurred by the Debtor's counsel associated with the sale and
conveyance of title to the Buyers.

The Attorney's fees associated with sale of $1,000 to Quilling
Selander Lownds Winslett & Moser, P.C. are to be held in its trust
account pending further order of this court.  The Order is without
prejudice to QSLW&M seeking approval of attorney fees in excess of
$1,000 for services rendered to the Debtor in obtaining
authorization of the sale.

At closing, Southwest Bank will be paid directly by the closing
agent and will release its deed of trust lien upon the Real
Property upon receipt of payment.  The closing agent is authorized,
and ordered to pay at closing the funds remaining after the Costs
of Sale directly to Southwest Bank.  Southwest Bank will provide
payment delivery information to the closing agent.

Notwithstanding anything else in the Order, the liens that secure
all amounts owed for year 2018 ad valorem property taxes, including
any penalties and interest that may accrue, will remain attached to
the Real Property and become the responsibility of the Buyers.

Pursuant to Bankruptcy Rule 6004(h), the Order will not be stayed
for 14-days after entry, and notwithstanding any provision of the
Bankruptcy Code or Bankruptcy Rules to the contrary, the Order will
be effective and enforceable immediately upon entry.  Accordingly,
the Debtor may close the sale of the Real Property immediately upon
the entry of the Order.

                     About Coolwater Estates

Coolwater Estates, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 17-34460) on Dec. 1,
2017.  Judge Stacey G. Jernigan presides over the case.  At the
time of the filing, the Debtor estimated assets of less than $1
million and liabilities of less than $500,000.  The Debtor tapped
Christopher J. Moser, Esq., at Quilling, Selander, Lownds, Winslett
& Moser, P.C., as legal counsel.


COPPER CHIMNEY: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Copper Chimney, Inc., as of
Jan. 26, according to a court docket.

                    About Copper Chimney Inc.

Copper Chimney, Inc., d/b/a Copper Chimney Indian Cuisine, filed a
Chapter 11 bankruptcy petition (Bankr. S.D. Fla. Case No. 17-24755)
on December 12, 2017.  At the time of the filing, the Debtor
disclosed that it had estimated assets and liabilities of less than
$50,000.

Judge Robert A. Mark presides over the case.  The Debtor hired Mark
S. Roher, P.A., as its bankruptcy counsel.


COPSYNC INC: Court Extends Exclusivity Period Through March 30
--------------------------------------------------------------
Judge Jerry A. Brown of the U.S. Bankruptcy Court for the Eastern
District of Louisiana has extended the COPsync, Inc.'s exclusivity
periods within which to file the plan of reorganization through
March 30, 2018, and within which to obtain confirmation and
acceptance of the plan of reorganization through May 27, 2018.

The Troubled Company Reporter previously reported that the COPsync
sought for a 60-day extension of the exclusive periods because
COPsync's plan is due to be filed on January 29, 2018 and must be
confirmed and/or accepted by March 28, 2018.

The Debtor related that this chapter 11 case involves the
restructuring of over $13 million in prepetition debt obligations.
In addition, as has been detailed in prior filings with the Court
and testimony elicited in hearings in this Case, many of the
Debtor's managers as of the Petition Date were relatively new to
the company.  This made an otherwise potentially streamlined
process very complex and, at times, arduous. It took several months
of review and work for the Debtor to finalize its Amended Schedules
and Statement of Financial Affairs (filed on Dec. 18, 2017).  The
Debtor also completed a sale of many of its assets, which sale
closed in late November.

The Debtor told the Court that it has already completed a sale of
many of its assets.  The Debtor is proceeding expeditiously toward
confirmation of a Plan which would liquidate the remainder of its
assets, including certain claims which the Debtor believes it
holds.  The Debtor is in the process of vetting special counsel,
and intends to file a plan which will incorporate a litigation
trustee to pursue these claims in favor of the Debtor's Estate.

As such, the Debtor needed time to file its anticipated application
to employ special counsel to pursue certain claims of the Debtor
and to continue its review of the claims which have been and are to
be filed.  The Bar Date is Jan. 17, 2018, and for governmental
units it is March 28, 2018.  Providing the Debtor the time
requested herein will permit the Debtor to provide its creditors
better information in the Disclosure Statement and Plan.

Accordingly, the Debtor requested additional time to determine and
analyze the amounts and documentation of the proof of claims that
are filed prior to the Jan. 17, and March 28, 2018 deadline in the
order to properly reflect information in the preparation of the
disclosure statement and plan of reorganization regarding
classification of the claims and sufficient funding around which a
plan would be based.

The Debtor believed there will be little prejudice to Creditors, as
the Debtor is operating on a very lean staff and solely for the
purpose of preparing and filing this Plan and Disclosure
Statement.

Further, the Debtor asserted that extending the Exclusivity Periods
will actually benefit creditors by avoiding the drain on estate
assets attendant to the costs and expense incurred in preparing and
serving a Disclosure Statement and Plan that would require
modifications. Allowing the Debtor to remain the sole potential
plan proponent facilitates this possibility. The relief will
benefit the Debtor's estate, its creditors, and other key parties
in interest.

                        About COPsync

COPsync, Inc. was created in 2005 as a "software for a service" or
"SaaS" platform for law enforcement to share real-time information
amongst counties, agencies, and departments.  It was created in
response to the 2000 death of one of COPsync's co-founders'
colleagues and friends, Texas Department of Public Safety Trooper
Randy Vetter, who was killed making what he believed to be a
routine traffic stop for a seatbelt violation.  The Company's
products include nationally shared network of law enforcement
information COPsync Network, software-driven in-car HD video system
Vidtac, real-time threat alert system COPsync911, and court
buildings security provider COURTsync.

COPsync completed a $10.6 million equity financing capital raise in
November 2015 and became listed on the Nasdaq Capital Market
exchange (COYN).

COPsync, Inc., filed a voluntary petition for relief under chapter
11 of the Bankruptcy Code (Bankr. E.D. La. Case No. 17-12625) on
Sept. 29, 2017.  The Debtor estimated $1 million to $10 million in
both assets and liabilities.

The Debtor tapped John M. Duck, Esq., Robin B. Cheatham, Esq.,
Victoria P. White, Esq., and Scott R. Cheatham, Esq., at Adams and
Reese LLP, as counsel.  Jones Walker, LLP, serves as special
counsel.  Alliance Overnight Document Service, LLC, is the Debtor's
noticing agent.


CRAPP FARMS: Sale of Approx. 3,072 Pigs to Noble for $73 Each OK'd
------------------------------------------------------------------
Judge Susan V. Kelley of the U.S. Bankruptcy Court for the Western
District of Wisconsin authorized Crapp Farms Partnership's sale of
approximately 3,072 head of pigs of various ages and weights to
Doug Noble for $72.50 each.

The sale is free and clear of all liens, claims, or encumbrances.

The lien of BMO Harris, N.A., the Debtor's prepetition secured
lender, will attach to the sale proceeds from the sale of the Pigs,
and the sale proceeds will be paid directly to BMO in such a manner
as BMO specifically designates.

The Debtor will file an accounting of the net sale proceeds from
the sale of the Pigs within 30 days of the closing of the sale, and
will also provide the accounting in the applicable Monthly
Operating Report filed by the Debtor.

The 14-day stay of the Order authorizing the sale of the Pigs
pursuant to 6004(h) is waived and will not be enforced.

The Debtor is authorized to assume the Producer's Hog Procurement
Agreement originally dated Aug. 1, 2012 between the Debtor and Big
Stone Marketing, LLC; and to assign all of its rights and interests
under the Producer's Agreement to the Buyer.  The Debtor will
execute any documents necessary to effectuate its assignment of the
Producer's Agreement to the Buyer.

                  About Crapp Farms Partnership

Crapp Farms Partnership is a large farming operation that includes
growing and selling crops, raising livestock, and providing farm
trucking and excavating services to third-party customers.  The
farming operation is located in Potosi, Wisconsin.

Crapp Farms sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Wis. Case No. 17-11601) on May 3, 2017.  In the
petition signed by Darell C. Crap, partner, the Debtor estimated
its assets and debt at $10 million to $50 million.

The case is assigned to Judge Catherine J. Furay.  

The Debtor tapped J. David Krekeler, Esq., Eliza M. Reyes, Esq.,
Jennifer M. Schank, Esq., Kristin J. Sederholm, Esq., at Krekeler
Strother, S.C., as Chapter 11 counsel.

On June 5, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Creditors Committee
is represented by Matthew E. McClintock, Esq., at Goldstein &
McClintock, LLLP.


CS360 TOWERS: Trustee's Sale of Condo Unit for $440K Okayed
-----------------------------------------------------------
Judge Robert S. Bardwil of the U.S. Bankruptcy Court for the
Eastern District of California authorized Bradley Sharp, the
appointed Chapter 11 Trustee of CS360 Towers, LLC, to sell the real
property colloquially known as Condominium Unit 609 in the building
located at 500 N Street, Sacramento, California to Tom Fante and
Anita Fante for $440,000.

A hearing on the Motion was held on Jan. 17, 2018 at 10:00 a.m.

The Trustee is authorized to pay the following claims at closing of
the sale: (1) Net Sale Proceeds to Passi Realty, LLC in partial
satisfaction of the Passi note secured by a deed of trust recorded
against the Sale Assets; (2) the payments.  The Trustee, and any
escrow agent upon the Trustee's written instruction, will be
authorized to make such disbursements on or after the closing of
the sale as are required by the purchase agreement or order of the
Court, including, but not limited to, (a) all delinquent real
property taxes and outstanding post-petition real property taxes
pro-rated as of the closing with respect to the real property
included among the purchased assets; and (b) the closing costs
identified in Exhibit B to the Exhibit List submitted with the
Motion, including broker commissions, and (c) $30,000 directly to
the bankruptcy estate.

The sale is free and clear of the liens, claims or interests.
Except as otherwise provided in the Motion, the Sale Assets will be
sold, transferred, and delivered to Buyer on an "as is, where is"
or "with all faults" basis.  The holder of the Passi Lien has
consented to the sale.  Passi Realty will retain any liens or deeds
of trust on property other than the Sale Assets and any defeciency
claim that it may have.

The Buyer has not assumed any liabilities of the Debtor.

The Order will be effective immediately upon entry.  No automatic
stay of execution, pursuant to Rule 62(a) of the Federal Rules of
Civil Procedure, or Bankruptcy Rules 6004(h) or 6006(d), applies
with respect to the Order.

                       About CS360 Towers

CS360 Towers, LLC, filed a Chapter 11 petition (Bankr. E.D. Cal.
Case No. 17-20731) on Feb. 3, 2017.  Mark D. Chisick, manager,
signed the petition.  The Debtor tapped Stephan M. Brown, Esq., at
the Bankruptcy Group, P.C., as counsel.  At the time of filing, the
Debtor disclosed total assets of $18.46 million and total
liabilities of $5.72 million.

The case is assigned to Judge Robert S. Bardwil.  

Bradley Sharp was appointed as Chapter 11 Trustee for the estate of
CS360 Towers, LLC pursuant to order of the court dated March 15,
2017.  The assets of the estate include condominium units (both
residential and commercial) in the building located at 500 N.
Street, Sacramento, California, and various claims and causes of
action.

Attorneys for Chapter 11 Trustee Bradley Sharp:

         Jamie P. Dreher, Esq.
         DOWNEY BRAND LLP
         621 Capitol Mall, 18th Floor
         Sacramento, CA 95814-4731
         Telephone: (916) 444-1000
         Facsimile: (91b) 444-2100
         E-mail: jdreher@downeybrand.com


CS360 TOWERS: Trustee's Sale of Sacramento Commercial Units Okayed
------------------------------------------------------------------
Judge Robert S. Bardwil of the U.S. Bankruptcy Court for the
Eastern District of California authorized Bradley Sharp, the
appointed Chapter 11 Trustee of CS360 Towers, LLC, to sell the
Commercial Units Units 101C (Suite 26), 102C (Suite 27), 103C
(Suite 28), 105C (Suite 30), and 106C (Suite 29) located at 500 N
Street, Sacramento, California, including the leaseback of Unit
103C (Suite 28), to Daryl Garmon for $561,000.

A hearing on the Motion was held on Jan. 17, 2018 at 10:00 a.m.

The sale is free and clear of the following liens, claims or
interests: (i) the obligation referenced by and the deed of trust
recorded as Book 20110901 Page 0475 with the Sacramento County
Recorder, in favor of Karina Vaysman, a married woman, as
beneficiary; and (ii) the obligations referenced by and the deeds
of trust recorded as Book 20111109 Page 0243, Book 20120117 Page
0931, Book 20120127 Page 0451, with the Sacramento County Recorder,
in favor of Michael Gilles, a married man, as beneficiary.

Unless the holders of the liens, claims or interests identified
have agreed to other treatment, their liens, claims or interests
will attach to the Proceeds of the sale with the same force,
effect, validity and priority that previously existed against the
Sale Assets.

The Buyer has not assumed any liabilities of the Debtor.

The Trustee, and any escrow agent upon the Trustee's written
instruction, will be authorized to make such disbursements on or
after the closing of the sale as are required by the purchase
agreement or order of this Court, including, but not limited to,
(a) all delinquent real property taxes and outstanding
post-petition real property taxes pro-rated as of the closing with
respect to the real property included among the purchased assets;
and (b) the closing costs identified in Exhibits B and D to the
Exhibit List submitted with the Motion, including broker
commissions.

Except as otherwise provided in the Motion, the Sale Assets will be
sold, transferred, and delivered to Buyer on an "as is, where is"
or "with all faults" basis.

The Order will be effective immediately upon entry.  No automatic
stay of execution, pursuant to Rule 62(a) of the Federal Rules of
Civil Procedure, or Bankruptcy Rules 6004(h) or 6006(d), applies
with respect to the Order.

With respect to Units 101C and 102C (Suites 26 and 27), Sacramento
Land Company is approved as the Back-Up Bidder on those units, in
the amounts of $125,000 for Unit 101C and $107,500 for Unit 102C,
and the Trustee may close the sale of those units to the Back-
Up Bidder on the same terms as addressed in the Order, if the Buyer
does not close on the sale of those units, without further order of
the Court.

                       About CS360 Towers

CS360 Towers, LLC, filed a Chapter 11 petition (Bankr. E.D. Cal.
Case No. 17-20731) on Feb. 3, 2017.  Mark D. Chisick, manager,
signed the petition.  The Debtor tapped Stephan M. Brown, Esq. at
the Bankruptcy Group, P.C., as counsel.  At the time of filing, the
Debtor disclosed total assets of $18.46 million and total
liabilities of $5.72 million.

The case is assigned to Judge Robert S. Bardwil.  

Bradley Sharp was appointed as Chapter 11 Trustee for the estate of
CS360 Towers, LLC pursuant to order of the court dated March 15,
2017.  The assets of the estate include condominium units (both
residential and commercial) in the building located at 500 N
Street, Sacramento, California, and various claims and causes of
action.

Attorneys for Chapter 11 Trustee Bradley Sharp:

             Jamie P. Dreher, Esq.
             DOWNEY BRAND LLP
             621 Capitol Mall, 18th Floor
             Sacramento, CA 95814-4731
             Telephone: (916) 444-1000
             Facsimile: (91b) 444-2100
             E-mail: jdreher@downeybrand.com


CTI BIOPHARMA: Changes State of Incorporation to Delaware
---------------------------------------------------------
CTI BioPharma Corp., a Delaware corporation, entered into an
Agreement and Plan of Merger with CTI BioPharma Corp., a Washington
corporation and then parent company of the Company, on Jan. 24,
2018, pursuant to which CTI WA would merge with and into CTI DE for
the sole purpose of reincorporating CTI WA in the State of
Delaware. The Reincorporation Merger and the Merger Agreement were
approved by the Board of Directors of CTI WA and by a majority of
the votes actually cast by the shareholders entitled to vote at CTI
WA's Special Meeting of Shareholders held on Jan. 24, 2018.

On the Effective Date, CTI DE and CTI WA effected the
Reincorporation Merger, thereby changing the state of incorporation
of CTI BioPharma Corp. from the State of Washington to the State of
Delaware pursuant to the Merger Agreement.  The Reincorporation
Merger was accomplished by the filing of (i) articles of merger
with the Secretary of State of the State of Washington and (ii) a
certificate of merger and the Company's Certificate of
Incorporation with the Secretary of State of the State of Delaware.
As of the Effective Date, the rights of CTI WA's stockholders
began to be governed by the General Corporation Law of the State of
Delaware, the Delaware Charter and the Bylaws of the Company.  As a
result of the Reincorporation Merger, CTI WA has ceased to exist as
a separate entity.

CTI DE's common stock, par value $0.001 per share, will continue to
trade on Nasdaq.  The Company's trading symbol remains as "CTIC."
In accordance with Rule 12g-3 under the Securities Exchange Act of
1934, as amended, the shares of Common Stock of the Company were
deemed to be registered under Section 12(b) of the Exchange Act as
a successor to CTI WA.  The Delaware Charter authorizes the same
number of shares of the Common Stock and each class of preferred
stock of CTI WA, except that all subseries of Series N Preferred
Stock are eliminated and reclassified as Series N Preferred Stock
and the number of authorized Series N Preferred Stock is reduced to
575.  In addition, each share of CTI DE common stock and preferred
stock has a par value of $0.001 per share.
The Reincorporation Merger changed the legal domicile of CTI WA,
but did not result in any change in the principal offices,
business, management, capitalization, assets or liabilities of the
Company.  By operation of law, the Company succeeded to all of the
assets and assumed all of the liabilities of CTI WA.  The officers
and directors of CTI WA are the officers and directors of the
Company.  As a result of the Reincorporation Merger, the Company
has assumed all of the CTI WA employee benefit plans and stock
incentive plans in effect at the Effective Date, including CTI WA's
2017 Equity Incentive Plan, 2015 Equity Incentive Plan, 2007 Equity
Incentive Plan, and 2007 Employee Stock Purchase Plan and any and
all stock options, restricted stock and restricted stock unit
awards, and other equity-based awards that are outstanding under
any of the Stock Plans or any individual award agreements outside
of the Stock Plans.  The Company has also assumed CTI WA's rights
plan with Computershare Trust Company, N.A., as rights agent, dated
as of Dec. 28, 2009 and amended on Aug. 31, 2012, Dec. 3, 2012,
Dec. 1, 2015 and Sept. 22, 2017.

In connection with the Reincorporation Merger, the Company has
entered into indemnification agreements with each of its executive
officers and directors in which the Company agrees to hold harmless
and indemnify the officer or director to the fullest extent
permitted by Delaware law.

On the Effective Date, the Reincorporation Merger triggered an
automatic delisting of CTI WA's common stock from the Borsa
Italiana exchange.

                     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.


CTI BIOPHARMA: Granted 3-Month Extension to Respond to CHMP
-----------------------------------------------------------
CTI BioPharma Corp. announced that the Company was granted a three
month extension for submitting its response to the Day 120 List of
Questions (D120 LoQ) from the Committee for Medicinal Products for
Human Use (CHMP) of the EMA, with regard to the Marketing
Authorization Application (MAA) for pacritinib.  As a result of the
extension, the Company anticipates submitting its response to the
D120 LoQ by May 2018.  The Company primarily requested the
extension in order to provide the EMA with new pharmacokinetic
analyses that include data from the ongoing phase 2 PAC203 study.
The MAA was originally submitted to the EMA in June 2017 based on
data from the PERSIST-2 phase 3 study.  The Day 120 LoQ were
received by the Company in November 2017 and included Major
Objections in areas including efficacy, safety (including
hematological, cardiovascular and infectious toxicities) and other
concerns including the size of the data set and the pharmacokinetic
analyses of the two dosing regimens studied in PERSIST-2.  The
extension request was submitted following a clarification meeting
with the rapporteur and co-rapporteur and members of the EMA.

                      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.

"Our available cash and cash equivalents were $52.8 million as of
September 30, 2017.  We believe that our present financial
resources, together with payments projected to be received under
certain contractual agreements and our ability to control costs,
will only be sufficient to fund our operations into the third
quarter of 2018.  This raises substantial doubt about our ability
to continue as a going concern," said the Company in its quarterly
report for the period ended Sept. 30, 2017.


CTI BIOPHARMA: Unit Extinguishes $5.8 Million in Debt
-----------------------------------------------------
Camber Energy, Inc. announced the release of the remaining debt of
its wholly owned subsidiary, CATI Operating, LLC.

The Company has concluded a transaction in which CATI provided its
lender with an overriding royalty (equal to 0.01 of 8/8ths of all
oil and gas) on CATI's remaining leasehold and the lender released
CATI from all remaining indebtedness.  The release, which was
received Monday and filed in some counties that same day,
discharged approximately $5.8 million in principal and interest
outstanding according to CATI's Lender.  The effective date of the
release is Dec. 15, 2017.

Additionally, the remaining leasehold and ownership of CATI was
transferred to a third party in exchange for that party's
assumption of all plugging and abandonment liabilities.  That
transfer was only effective upon the release of the CATI
indebtedness and was subject to the overriding royalty.  This
transfer further reduced the Company's asset retirement obligations
related to the above-mentioned plugging and abandonment
liabilities.

Richard N. Azar II, the CEO of Camber noted that "this release of
indebtedness as well as the transfer of the CATI entity with its
assets and liabilities further improves the Company's balance sheet
by reducing its liabilities.  This is all consistent with the plan
to reduce Company obligations noted previously in my communications
to shareholders."

Mr. Azar added, "These transactions further position the Company to
focus on its core Oklahoma assets while evaluating comparable
acquisition opportunities in order to give us an inventory of lower
risk opportunities to add to our reserve base and cash flow."

                     About Camber Energy

Based in San Antonio, Texas, Camber Energy (NYSE American: CEI) --
http://www.camber.energy/-- 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.


CUMULUS MEDIA: Nasdaq to Delist Shares Effective Feb. 5
-------------------------------------------------------
The Nasdaq Stock Market, Inc., has determined to remove from
listing the common stock of Cumulus Media Inc., effective at the
opening of the trading session on February 5, 2018.

Based on review of information provided by the Company, Nasdaq
Staff determined that the Company no longer qualified for listing
on the Exchange pursuant to Listing Rule 5550(b)(1).

The Company was notified of the Staffs determination on September
1, 2017.  The Company appealed the determination to a Hearing
Panel. Upon review of the information provided by the Company, the
Panel issued a decision dated November 20, 2017, denying the
Company continued listing and notified the Company that trading in
the Companys securities would be suspended on November 22, 2017.

The Company did not request a review of the Panels decision by the
Nasdaq Listing and Hearing Review Council. The Listing Council did
not call the matter for review.

The Panels Determination to delist the Company became final on
January 4, 2018.

                      About Cumulus Media

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

Based in Atlanta, Georgia, Cumulus Media Inc. and 36 of its
affiliates, including NY Radio Assets, LLC, and Westwood One, Inc.,
sought voluntary protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D.N.Y. Lead Case No. 17-13381) on Nov. 29, 2017.

At the time of filing, the Debtors also entered into a
Restructuring Support Agreement with, among others, certain of its
secured lenders holding, in the aggregate, approximately 69% of the
Company's term loan to reduce the Company's debt by more than $1
billion.

Richard Denning, senior vice president and general counsel, signed
the Chapter 11 petitions.  The Debtors estimated assets of $1
billion to $10 billion and estimated liabilities of $1 billion to
$10 billion.

The case is assigned to Hon. Shelley C. Chapman.

The Debtors are represented by Paul M. Basta, Esq., Lewis R.
Clayton, Esq., Jacob A. Adlerstein, Esq., and Claudia R. Tobler,
Esq., at Paul, Weiss, Rifkind, Wharton & Garrison LLP, in New York.
PJT Partners LP serves as the Debtors' investment banker.  Alvarez
& Marsal North America, LLC, serves as the Debtors' restructuring
advisor.  EPIQ Bankruptcy Solutions, LLC, serves as the Debtors'
claims, notice and balloting agent.

The U.S. Trustee for Region 2 on Dec. 11, 2017, appointed seven
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 cases.


CUSTOM BLINDS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Custom Blinds and Components, Inc.
        12330 Colony Ave.
        Chino, CA 91710

Business Description: Custom Blinds and Components, Inc.
                      -- https://www.cbc-contract.com -- is
                      a distributor of window covering components
                      including faux wood blinds, vertical blinds,
                      and roller shade.  The company has been
supplying
                      window covering to the multi-family market
since
                      2010.  Custom Blinds currently operates out
of a
                      32,000 sqft facility in Chino, California.

Chapter 11 Petition Date: January 26, 2018

Court: United States Bankruptcy Court
       Central District of California (Riverside)

Case No.: 18-10621

Judge: Hon. Scott H. Yun

Debtor's Counsel: Douglas M. Flahaut, Esq.
                  ARENT FOX, LLP
                  555 W Fifth St, 48th Floor
                  Los Angeles, CA 90013
                  Tel: 213-443-7559
                  Fax: 213-629-7401
                  E-mail: flahaut.douglas@arentfox.com
                          douglas.flahaut@arentfox.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Wei Liu, chief executive officer.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb18-10621.pdf


CVS HOLDINGS: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
-----------------------------------------------------------------
Optical retailer CVS Holdings I LP, operating as MyEyeDr, has
entered into a transaction to refinance its capital structure and
add an incremental $45 million for future acquisitions.

S&P Global Ratings assigned its 'B' long-term corporate credit
rating to Vienna, Va.-based management service provider to
MyEyeDr's optometrists and retailer of eyeglasses and contact
lenses CVS Holdings I LP. The outlook is stable.

S&P said, "At the same time, we assigned a 'B' issue-level rating
to the company's proposed first-lien debt. The '3' recovery rating
reflects our expectation of meaningful (50%-70%; rounded estimate:
55%) recovery of principal in the event of a payment default. The
debt includes a $440 million first-lien term loan due 2025 and a
$75 million revolving credit facility (RCF) due 2023.

"We also assigned a 'CCC+' issue-level rating to the company's
proposed $160 million second-lien term loan due 2026. The '6'
recovery rating reflects our expectation of negligible (0%-10%;
rounded estimate: 0%) recovery of principal in the event of a
payment default. The company will use the net proceeds to refinance
outstanding debt, with $45 million available to fund future
acquisitions.

"The rating reflects our view of CVS Holdings' aggressive
acquisition model that is somewhat mitigated by its ability to
expand profit and cash flows, and good industry tailwinds with
limited reimbursement risks and an aging population. The company
also benefits from the industry's recurring, non-discretionary
spending for eye care with good patient loyalty. Its growth
strategy is to acquire established, profitable optometrist offices
that strengthens performance metrics as the offices mature within
its business model. We think its increasing size also helps to
improve its negotiating leverage with suppliers and contributes to
modest cost improvement. However, this growth model presents some
integration risk should the company encounter issues, including
systems and customer service disruptions, when assimilating
acquisitions.

"The stable outlook on CVS reflects a moderate strengthening of
credit-protection measures and our expectation that the company
will maintain adequate liquidity as it integrates office
acquisitions. We anticipate continued growth in profits and cash
flow as the company integrates acquired operations, which will
support the improvement in credit metrics. We expect debt to EBITDA
to decline to 6.4x-6.6x by year-end 2018 from about mid 7x
currently.

"We could consider a negative rating action if leverage remains
above 7x over the next 12 months. This could stem from competitive
pressures in the highly fragmented optical industry or
acquisition-integration or operational issues that hurt profits and
cash flows. Additional factors that could trigger a downgrade
include large cash outlays to fund office acquisitions without
sufficient EBITDA contribution, or debt-funded dividends to the
owners.

"Although unlikely in the next year, we could consider a positive
rating action if the company's performance exceeded our
expectations, such that leverage declines below 5x, and we believe
the company won't pay a material debt-funded dividend that will
weaken its credit metrics. Better performance could come from
greater-than-anticipated growth from acquired offices. We will also
consider the likelihood of debt deleveraging, given CVS' ownership
by private equity sponsors and the possibility of a dividend
recapitalization."  


DATA COOLING: Seeks More Exclusivity After Finding Liquidating Plan
-------------------------------------------------------------------
Data Cooling Technologies, LLC, asks the U.S. Bankruptcy Court for
the Northern District of Ohio to extend the time period during
which the Debtors have the exclusive right to file and solicit
acceptances to a chapter 11 plan from March 7, 2018 through and
including March 30, 2018.

This is the first request for an extension of any portion of the
Exclusivity Period that the Debtor has made in this chapter 11
case, and the size and complexity of the Debtor's case warrant a
brief three-week extension to allow the Debtor to finish
solicitation of votes on its Plan.

The Debtor relates that in November of 2017, the Court approved the
sale of substantially all of the assets of Data Cooling
Technologies LLC in two separate transactions. Both sales closed on
Nov. 30, 2017, and the Debtor is now in the process of
administering its remaining assets.

Since the sales, the Debtors have been working diligently on an
exit strategy from chapter 11.  On Jan. 5, 2018, the Debtors filed
its Plan of Liquidation, outlining the Debtor's proposed plan of
liquidation for their remaining assets. The Debtor filed the
Disclosure Statement with Respect to the Plan of Liquidation on
January 17, 2018, along with a motion requesting the approval of
the disclosure statement and related documentation.  The hearing on
the approval of the Disclosure Statement is set for Feb. 20, 2018.

But on January 8, 2018, the Official Committee of Unsecured
Creditors improperly filed a plan outlining the Committee's own,
unauthorized proposed plan of liquidation, a corresponding
disclosure statement, and motion to terminate exclusivity and
approve the Committee's disclosure statement.

Accordingly, the Debtor moved to strike each of the Committee
Documents and sought sanctions against the Committee. At a hearing
on January 16, 2018, the Court found that the Committee violated
section 1121 of the Bankruptcy Code and ordered that each of the
Committee Documents be stricken from the Court's docket and
disregarded by creditors.

Because of the additional delay and confusion caused by the filing
and striking of the Committee Plan, along with the need to schedule
around the Court's and interested parties' availability for
hearings in the Debtors' chapter 11 cases, the Debtors require a
brief extension of the Exclusivity Period to solicit votes on their
Plan.

                       About Data Cooling

Data Cooling Technologies LLC is the exclusive North American
licensee of US Patent No. 7753766.  The KyotoCooling patented
solution utilizes a heat wheel and an indirect economization
process to produce the most reliable and efficient cooling
technology in the data center industry.

Based in Streetsboro, Ohio, Data Cooling Technologies LLC and Data
Cooling Technologies Canada LLC filed Chapter 11 petitions (Bankr.
N.D. Ohio Lead Case No. 17-52170) on Sept. 8, 2017.  Gregory
Gyllstrom, chief executive, signed the petitions.

At the time of filing, Data Cooling estimated assets and
liabilities at $10 million to $50 million.  Data Canada estimated
assets of less than $50,000 and liabilities of less than $500,000.

The Hon. Alan M. Koschik presides over the case.  

The Debtors tapped McDonald Hopkins LLC, as counsel, and Western
Reserve Partners LLC, as investment banker.

The official committee of unsecured creditors formed in the case
retained Dahl Law LLC as its legal counsel.


DAWN MARIE DAVIDE: Debt Owed to V. Lujan is Nondischargeable
------------------------------------------------------------
The Defendants in the case captioned VINCENT P. LUJAN, Plaintiff,
v. DAWN MARIE DAVIDE and CHRISTOPHER LEE LUTTRELL, Defendants, Adv.
No. 17-1007 t (Bankr. D.N.M.) filed a motion asking the U.S.
Bankruptcy Court for the District of New Mexico to clarify that the
nondischargeable debt at issue is not owed by Luttrell. Defendants
also asked the Court to reconsider its judgment that Davide's debt
to Vincent Lujan is nondischargeable. As the Court believes its
judgment is correct, Bankruptcy Judge David T. Thuma denies the
request.

Davide and Luttrell filed their chapter 11 case on Oct. 31, 2016.
Lujan brought this adversary proceeding on Jan. 30, 2017, claiming
that Davide's debt to him was nondischargeable because of, inter
alia, fraud. The Court tried the proceeding on Nov. 15 and 16,
2017. After taking the matter under advisement, the Court issued
its opinion and final judgment on Dec. 11, 2017. The Court found
that Davide had defrauded Lujan, and therefore ruled her debt to
him nondischargeable under section 523(a)(2)(A). Davide and
Luttrell filed the motion 15 days after entry of the judgment.

The Court's findings and conclusions do nothing more than arrive at
the obvious: had Davide even been remotely honest with Lujan about
how her businesses were doing; what she needed the money for; and
what she intended to do with the money, Lujan would have run the
other way as fast as he could. Davide knew that the truth would not
get her the loan, so she resorted to fraud. The resulting loss was
proximately caused by the fraud. The Court believes its analysis of
causation is well within the Tenth Circuit law on the subject.

The Court will enter a separate order clarifying that the
nondischargeable debt is owed by Davide, not Luttrell. The motion
is otherwise denied.

A full-text copy of Judge Thuma's Jan. 19, 2018 Opinion is
available at https://is.gd/zPT6QO from Leagle.com.

Dawn Marie Davide, Debtor, represented by William F. Davis, & Nephi
D. Hardman, William F. Davis & Assoc., P.C.

United States Trustee, U.S. Trustee, represented by Alice Nystel
Page , Office of the U.S. Trustee.

Dawn Marie Davide and Christopher Lee Luttrell filed for chapter 11
bankruptcy protection (Dawn Marie Davide and Christopher Lee
Luttrell) on Oct. 31, 2016 and is represented by William F. Davis,
Esq.


DIGERATI TECHNOLOGIES: HP Bid for Professional Fees in Full Junked
------------------------------------------------------------------
The U.S. Court of Appeals, Fifth Circuit, affirmed the district
court's decision denying Gilbert A. Herrera and Herrera Partners'
application for professional fees in full in the appeals case
captioned GILBERT A. HERRERA; HERRERA PARTNERS, Appellants, v.
TERRY DISHON; SHEYENNE RAE HURLEY; HURLEY FAIRVIEW, L.L.C.,
Appellees, No. 17-20002 (5th Cir.).

Digerati Technologies, Inc. filed for Chapter 11 bankruptcy. The
bankruptcy court approved Digerati's request for Gilbert A. Herrera
and Herrera Partners, in their role as investment bankers, to
assist in the sale of Digerati's two wholly-owned subsidiaries,
Hurley Enterprises, Inc., and Dishon Disposal, Inc. The bankruptcy
court later denied HP's application for professional fees in full
after finding that the application was insufficiently detailed, the
services did not, and were not reasonably likely to, benefit the
estate, and that HP had failed to disclose a connection with
Digerati's counsel. The district court affirmed the decision.

The bankruptcy court did not abuse its discretion in finding that
the services were not "reasonably likely to benefit the estate" at
the time they were performed and that Herrera failed to make a
required disclosure. Services rendered to an estate are compensable
only if, at the time they were rendered, they were reasonably
likely to benefit the estate.

Herrera also failed to disclose certain information pertinent to
the application to employ Herrera and HP as Digerati's investment
banker. Failure to disclose such information "is sufficient grounds
to . . . deny compensation."

A copy of the Fifth Circuit's Decision dated Jan. 19, 2018 is
available at https://is.gd/iF0FZy from Leagle.com.

Craig Edward Power -- cpower@cokinoslaw.com -- for Appellee.

Misty Annette Hataway-Cone', for Appellant.

Misty Annette Hataway-Cone', for Appellant.

Misty Ann Segura -- misty@k-hpc.com -- for Appellee.

              About Digerati Technologies, Inc.

Digerati Technologies, Inc., filed a Chapter 11 petition (Bankr.
S.D. Tex. Case No. 13-33264) in Houston, on May 30, 2013.  At the
time of its Chapter 11 filing, Digerati --
http://www.digerati-inc.com/-- was a publicly held company whose
primary assets were 100% stock ownership of two oilfield services
companies that the Debtor valued at $30 million each: Hurley
Enterprises, Inc.; and Dishon Disposal, Inc.  The Debtor also owned
Shift 8 Networks, a cloud communication service.  The Debtor has no
independent operations apart from its subsidiaries.

Digerati disclosed $60 million in assets and $62.5 million in
liabilities as of May 29, 2013.

Bankruptcy Judge Jeff Bohm oversees the Chapter 11 case.  Deirdre
Carey Brown, Esq., Annie E. Catmull, Esq., Melissa Anne Haselden,
Esq., Mazelle Sara Krasoff, Esq., and Edward L Rothberg, at Hoover
Slovacek, LLP, in Houston, represent the Debtor as counsel.  The
Debtor tapped Gilbert A. Herrera and Herrera Partners as the
investment banker.

Earlier in the case, Rhode Holdings, LLC, sought the transfer of
venue of Digerati's Chapter 11 case to the U.S. Bankruptcy Court
for the Western District of Texas, San Antonio Division.  The case,
however, remained in the Houston Bankruptcy Court.

Hurley Enterprises and Dishon Disposal sold for approximately $41
million.  Dishon was sold to Buckhorn Disposal, LLC at auction on
June 19, 2014 for $27 million.  The only other bidder was Terry
Dishon with a credit bid of $12.3 million.  The Hurleys submitted
the winning bid for Hurley at auction, with a credit bid of $14
million.

The bankruptcy court confirmed the Debtor's Joint Plan of
Reorganization in an order dated April 4, 2014.  Digerati notified
the Court that the Effective Date of its Joint Plan occurred on
Dec. 31, 2014.  The Plan was proposed by the Debtor, Riverfront
Capital, LLC, Recap Marketing and Consulting, LLP, Rainmaker
Ventures II, Ltd. and WEM Equity Capital Investments, Ltd., Hurley
Fairview, LLC, Terry Dishon, and Sheyenne Rae Nelson Hurley.


DREAM MOUNTAIN: Agrees with DOJ Watchdog to Name Trustee
--------------------------------------------------------
The Acting United States Trustee, John P. Fitzgerald, III, asks the
U.S. Bankruptcy Court for the Northern District of West Virginia to
direct the appointment of a chapter 11 trustee to administer the
bankruptcy case of Dream Mountain Ranch, LLC.

Dream Mountain's primary secured creditor is Note Co. whose debt
approximates $1,400,000. Somerset Trust Company is also secured by
the real estate and its approximate debt is $654,000. The debtor
filed its case when Somerset Trust Company began foreclosure
proceedings.

The U.S. Trustee and Dream Mountain have agreed that the
appointment of a chapter 11 trustee in this case would instill more
creditor confidence and assist in moving the case toward
reorganization or liquidation.

Counsel for Acting U.S. Trustee, Region Four:

             Debra A. Wertman, Esq.
             Office of U.S. Trustee
             United States Courthouse, Room 2025
             300 Virginia Street East
             Charleston, WV 25301
             Phone: (304)347-3400

                       About Dream Mountain Ranch LLC

Dream Mountain Ranch, LLC is a privately-held company that owns a
deer and elk hunting game area in North Central West Virginia.  It
offers 15 hunting stands and still hunts scattered across a
1,000-plus acres property.  It offers lodge featuring four
bedrooms, three baths, a full-sized kitchen, wrap around porch, and
a hot tub.  The area also features several activities guest can
enjoy including the Ohiopyle State Park, Falling Water, Blackwater
Falls, and Coopers Rock.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. W.Va. Case No. 17-01051) on October 27, 2017.
Dietrich Steve Fansler, its managing member, signed the petition.

At the time of the filing, the Debtor disclosed $5.02 million in
assets and $2.53 million in liabilities.

Judge Patrick M. Flatley presides over the case.

The Debtor hired Gianola, Barnum, Bechtel & Jecklin, L.C. as its
legal counsel; Dietrich Fansler as its managing agent; and Tetrick
& Bartlett, PLLC as its accountant.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Dream Mountain Ranch, LLC as of
Dec. 13, according to a court docket.


ENDO INT'L: Egan-Jones Lowers Sr. Unsecured Debt Ratings to CCC+
----------------------------------------------------------------
Egan-Jones Ratings Company, on Jan. 17, 2018, downgraded the
foreign currency and local currency ratings on debt issued by Endo
International plc to CCC+ from B-.  EJR also lowered the foreign
currency and local currency commercial paper ratings on the Company
to C from B.

Endo International plc is a generics and specialty branded
pharmaceutical company.  It develops, manufactures, and distributes
pharmaceutical products and devices worldwide.  It has headquarters
in Dublin, Ireland, and Malvern, Pennsylvannia.


ENDO SURGICAL CENTER: Seeks Approval to Access Cash Collateral
--------------------------------------------------------------
Endo Surgical Center of North Jersey, P.C., seeks the preliminary
and final approval from the U.S. Bankruptcy Court for the District
of New Jersey to use cash collateral to preserve its assets so as
to maintain and maximize its value for the benefit of all
parties-in-interest.

The Debtor is located at 999 Clifton Avenue, Clifton, New Jersey
07013. The Property is owned by DVCO, LLC. DVCO is owned by William
J. Focazio.

The Debtor leases the Property from DVCO at approximately $360,000
per year to be paid in equal installments of $30,000 per month. The
Lease, commenced on January 23, 2015, has a term of twenty (20)
years. The Lease requires the Debtor to pay all utilities. The
Debtor, together with William J. Focazio M.D., P.A., is also
responsible for 75% of the taxes, insurance, and maintenance of the
Property.

The Debtor believes that First Commerce Bank enjoys a lien on all
or substantially of the Debtor's assets in relation to financial
accommodations which First Commerce Bank extended to the Debtor.
First Commerce Bank's claims extend to all of Dr. Focazio's
entities. As of January 9, 2018, the outstanding indebtedness owed
to First Commerce Bank as it relates to the loans equals
approximately $12,241,000.

The Debtor owes approximately $600,000 in payroll taxes to the
State of New Jersey, Division of Taxation.  The Division, by virtue
of its state tax liens, has a lien on all of the Debtor's assets.
Thus, it is adequately protected because an equity cushion exists
based on the value of the Debtor's assets.

The Debtor asserts that First Commerce Bank is over-secured since
the collateral provides adequate protection to First Commerce Bank,
to wit: (a) the market value of the Property is $4,925,000, (b)
East Brunswick Premises is $4,700,000, (c) 975 Clifton Premises is
$1,250,000, and (d) Saddle River Property is between $20,000,000 to
$22,000,000. FCB’s debt is $12,241,000.

In addition, the Collateral also includes a blanket lien on all of
the Debtor's personal property.  Accordingly, the Debtor believes
that First Commerce Bank has an equity cushion based on the total
value of all the Collateral securing its debt.

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

          http://bankrupt.com/misc/njb18-10753-5.pdf

                  About Endo Surgical Center of
                        North Jersey, P.C.

Headquartered in Clifton, New Jersey, William Focazio, MD, PA, Endo
Surgical Center of North Jersey, and Fenner Ave., LLC, are
privately held companies that operate in the health care industry
specializing in internal medicine and gastroenterology.

William Focazio, MD, PA and its affiliates Endo Surgical Center of
North Jersey and Fenner Ave., LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 18-10752,
18-10753 and 18-10755, respectively) on Jan. 13, 2018.  William
Focazio, M.D., principal, signed the petitions.

At the time of filing, William Focazio, MD, PA has $1,130,000 in
total assets and $12,830,000 in total liabilities; and Endo
Surgical Center has $1,170,000 in total assets and $16,490,000 in
total liabilities.

Judge Vincent F. Papalia presides over the case.

Trenk DiPasquale Della Fera & Sodono, P.C., is the Debtor's
counsel.


FALLING LEAVES: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Falling Leaves Recovery LLC as
of Jan. 26, according to a court docket.

                About Falling Leaves Recovery LLC

Fallen Leaves Recovery provides comprehensive therapy to those
suffering with addictions.  Based in Fort Lauderdale, Florida,
Fallen Leaves Recovery filed a Chapter 11 petition (Bankr. S.D.
Fla. Case no. 17-23651) on November 11, 2017. The petition was
signed by Mark Sheppard, managing member and CFO.

Chad Van Horn, Esq. at Van Horn Law Group, Inc. represents the
Debtor as counsel. Judge Raymond B Ray presides over the case.

At the time of filing, the Debtor estimated $100,000 to $500,000 in
assets and $50 million to $100 million in liabilities.


FGL HOLDINGS: Moody's Assigns Ba3 Issuer Rating; Outlook Stable
---------------------------------------------------------------
Moody's Investors Service has assigned a Ba3 issuer rating to FGL
Holdings (formerly CF Corporation) as well as a Ba2 issuer rating
to CF Bermuda Holdings Limited (CF Bermuda) and a Baa2 insurance
financial strength (IFS) rating to F&G Re Ltd (F&G Re) with a
stable outlook. Additionally, Moody's affirmed the Ba2 senior
unsecured debt rating of Fidelity & Guaranty Life Holdings, Inc.
(FGLH), a wholly-owned subsidiary of FGL US Holdings (unrated) and
the Baa2 IFS rating of FGLH's primary operating company, Fidelity &
Guaranty Life Insurance Company (FGLIC). The outlook on all
entities is stable.

RATINGS RATIONALE

The assignment of the ratings follows the completion of FGL
Holdings' previously announced merger transaction under which CF
Corporation (now FGL Holdings) acquired Fidelity & Guaranty Life.

The Baa2 IFS rating of F&G Re reflects Moody's view that F&G Re and
FGLIC are treated as one analytical unit due to F&G Re primarily
reinsuring business from FGLIC. If F&G Re's strategy changes
relative to Moody's expectations, it may no longer be rated the
same as FGLIC. Additionally, CF Bermuda's Ba2 issuer rating is the
standard three notches from the Baa2 IFS rating of the insurance
operating entities. The Ba3 issuer rating of FGL Holdings is one
notch lower than the Ba2 issuer rating of CF Bermuda reflecting
structural subordination.

The rating agency expects FGL to maintain financial leverage below
25% prospectively as well as appropriate capital levels. The rating
agency stated that it will evaluate FGL Holdings' efforts to
accelerate growth to ensure that the company's actions remain in
line with the current ratings. In addition, Moody's expects the new
tax law will make it less beneficial to cede directly sold business
from its US operations to F&G Re, its Bermuda affiliate.

FGLIC's credit profile reflects the company's growing market
position, especially in the fixed indexed annuity (FIA) space, as
well as its good profitability, and higher investment yield from
portfolio repositioning efforts. FGLIC has been able to balance the
healthy growth of its FIA business while expanding its footprint in
the indexed universal life (IUL) insurance market.

The rating agency noted that these strengths are offset by the
concentration of FGLIC's sales in FIAs, along with the associated
hedging and asset liability management challenges. FGLIC's sales
are likely to continue to be highly concentrated in annuity
products in the near-term. Additionally, the company's primary
distribution channel is via independent marketing organizations
(IMOs) which could be impacted by the Department of Labor's new
fiduciary rules, notwithstanding the potential for alterations or
rescission.

RATING DRIVERS

According to Moody's, the following could lead to an upgrade of
FGLH's and FGLIC's ratings: 1) sustained statutory return on
capital exceeding 6%; and 2) more balanced growth in profitably
priced new FIA business and life insurance. Conversely, the
following factors could result in a downgrade of FGLH's and FGLIC's
ratings: 1) increased investment risk from more aggressive asset
allocations; 2) adjusted financial leverage above 25%; 3) sustained
statutory return on capital less than 6%; 4) significant use of
reinsurance to finance growth; or 5) more aggressive capital
actions or the consolidated NAIC RBC ratio (company action level)
declining below 400%.

The following ratings were assigned with stable outlooks:

FGL Holdings -- issuer rating at Ba3;

CF Bermuda Holdings Limited -- issuer rating at Ba2;

F&G Re Ltd -- insurance financial strength rating at Baa2.

The following ratings were affirmed with stable outlooks:

Fidelity & Guaranty Life Insurance Company -- insurance financial
strength rating at Baa2;

Fidelity & Guaranty Life Holdings, Inc. -- senior unsecured debt
rating at Ba2.

FGLH is an insurance holding company headquartered in Des Moines,
Iowa. As of September 30, 2017, FGLH reported total assets of about
$29 billion and shareholders' equity of approximately $2.2
billion.

The principal methodology used in these ratings was Global Life
Insurers published in April 2016.


FINJAN HOLDINGS: Israel Seed Cut Stake to 9.88% as of Nov. 6
------------------------------------------------------------
Israel Seed IV, L.P. reported to the Securities and Exchange
Commission that it is the beneficial owner of 2,737,782 shares of
Common Stock of Finjan Holdings Inc., constituting 9.88% based upon
27,707,329 shares of common stock issued and outstanding as of Nov.
6, 2017 (according to the Report on Form 10-Q filed by the Issuer
on Nov. 9, 2017.  Israel Venture Partners 2000 Limited and Neil
Cohen also reported beneficial ownership of 2,737,782 shares.

In multiple transactions from Jan. 26, 2017 through Jan. 23, 2018,
Israel Seed sold shares of the Issuer's Common Stock on the open
market totaling 1,627,424 shares.

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

                      https://is.gd/tHCow7

                          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.


FM 544 PARK: Trustee Taps Barg & Henson as Accountant
-----------------------------------------------------
Kevin McCullough, the Chapter 11 trustee for FM 544 Park Vista Ltd.
and Pavist LLC, seeks approval from the U.S. Bankruptcy Court for
the Northern District of Texas to hire Barg & Henson, P.C., as his
accountant.

The firm will advise the Trustee regarding the requirements for
filing monthly operating reports; consult with the trustee
concerning administration of the Debtors' Chapter 11 cases and
preparation of their tax returns; and provide other accounting
services related to the cases.

The firm's hourly rates are:

     Partners (over 30 years)         $320
     Senior Staff (over 10 years)     $160
     Junior Staff (over 3 years)      $110

Donald Barg, a Barg & Henson shareholder, disclosed in a court
filing that the firm, its associates, shareholders and other
members do not hold or represent any interest adverse to the
trustee, the Debtors and the estates.

Barg & Henson can be reached through:

     Donald R. Barg
     Barg & Henson, P.C.
     1300 S. University Drive, Suite 312
     Fort Worth, TX 76107
     Email: dbarg@barg-henson.com

                      About FM 544 Park Vista

FM 544 Park Vista Ltd. was formed on April 29, 2014, to acquire and
prepare for development a 31.5 acre tract located in Plano, Collin
County, Texas as a 318-unit senior housing apartment complex.  The
general partner of FM 544 is Pavist, a limited liability company,
while the sole limited partner is Shaw Family Trust No. 3.

FM 544 Park Vista Ltd., based in Addison, Texas, filed a Chapter 11
petition (Bankr. N.D. Tex. Case No. 17-34255) on Nov. 7, 2017.
Pavist, LLC, filed a voluntary petition for relief under chapter 11
of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 17-34274-11) on
Nov. 9.  Richard Shaw, their manager, signed the petitions.

The bankruptcy cases are being jointly administered for procedural
purposes only under the case of FM 544 Park Vista.  Judge Stacey G.
Jernigan presides over the cases.

FM 544 estimated $1 million to $10 million in both assets and
liabilities.

Joseph F. Postnikoff, Esq., at Goodrich Postnikoff & Associates,
LLP, is the Debtors' bankruptcy counsel.

Kevin D. McCullough is the court-appointed Chapter 11 trustee for
the Debtors.


GIGA-TRONICS INC: Common Stock Delisted from Nasdaq
---------------------------------------------------
The Nasdaq Stock Market LLC has filed with the Securities and
Exchange Commission a Form 25-NSE notifying the removal from
listing or registration of Giga-Tronics Inc.'s common stock under
Section 12(b) of the Securities Exchange Act of 1934.

                      About Giga-tronics

Headquartered in Dublin, California, Giga-tronics Incorporated
produces electronic warfare instruments used in the defense
industry and YIG RADAR filters used in fighter jet aircraft.  It
designs, manufactures and markets the new Advanced Signal Generator
(ASG) for the electronic warfare market, and switching systems that
are used in automatic testing systems primarily in aerospace,
defense and telecommunications.

Giga-tronics reported a net loss of $1.54 million on $16.26 million
of net sales for the year ended March 25, 2017, compared to a net
loss of $4.10 million on $14.59 million of net sales for the year
ended March 26, 2016.  As of Sept. 30, 2017, Giga-Tronics had $8.48
million in total assets, $8.81 million in total liabilities and a
total shareholders' deficit of $335,000.

"The Company has experienced delays in the development of features,
receipt of orders, and shipments for the new Advanced Signal
Generator ("ASG").  These delays have contributed, in part, to a
decrease in working capital.  The new ASG product has shipped to
several customers, but potential delays in the development or
refinement of features, longer than anticipated sales cycles, or
uncertainty as to the Company's ability to efficiently manufacture
the ASG, could significantly contribute to additional future losses
and decreases in working capital.

"To help fund operations, the Company relies on advances under the
line of credit with Bridge Bank which expires on May 6, 2019.  The
agreement includes a subjective acceleration clause, which allows
for amounts due under the facility to become immediately due in the
event of a material adverse change in the Company's business
condition (financial or otherwise), operations, properties or
prospects, or ability to repay the credit based on the lender's
judgement.  As of September 30, 2017, the line of credit had a
balance of $552,000.

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


GLOBAL A&T: Taps Alvarez & Marsal as Restructuring Advisor
----------------------------------------------------------
Global A&T Electronics Limited seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire
restructuring advisors in connection with the Chapter 11 cases
filed by the company and its affiliates.

Global A&T proposes to employ Alvarez & Marsal North America, LLC
and its affiliate Alvarez & Marsal (SE Asia) Pte. Ltd. to, among
other things, assist in the preparation of financial-related
disclosures; give advice regarding the implementation of key
employee compensation and benefit programs; assist the Debtors'
management team in the coordination of resources related to the
reorganization effort; and prepare information necessary for the
confirmation of a plan of reorganization.

                         US-Based       Asia-Based    CMS
                         Personnel      Personnel     Personnel
                         -----------    -----------   -----------
   Managing Directors    $800 - $975    $800 - $900   $725 - $850
   Directors             $625 - $775    $600 - $700   $550 - $700
   Analysts/Associates   $375 - $600    $200 - $550   $350 - $525

The firms received $500,000 as a retainer in connection with
preparing for and conducting the filing of the Debtors' Chapter 11
cases.  In the 90 days prior to the petition date, they received
retainers and payments totaling $1,286,456.39 for services
performed for the Debtors.

Robert Caruso, managing director of Alvarez & Marsal, disclosed in
a court filing that his firm is a "disinterested person" as defined
in Section 101(14) of the Bankruptcy Code.

Alvarez & Marsal can be reached through:

     Robert M. Caruso
     & Marsal North America, LLC
     540 West Madison Street, Suite 1800
     Chicago, IL 60661
     Phone: +1 312-601-9063 / +1 312-601-4220
     Fax: +1 312-332-4599
     Email: rcaruso%40alvarezandmarsal.com

                   About Global A&T Electronics

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

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

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

Global A&T and its affiliates sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case Nos. 17-23931 to
17-23943) on Dec. 17, 2017.  In the petition signed by general
counsel Michael E. Foreman, Global A&T estimated assets of $500
million to $1 billion and liabilities of $1 billion to $10
billion.

Judge Robert D. Drain presides over the cases.

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


GLOBAL A&T: Taps Kirkland & Ellis as Legal Counsel
--------------------------------------------------
Global A&T Electronics Limited seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire
Kirkland & Ellis LLP and Kirkland & Ellis International LLP as its
legal counsel.

The firms will advise Global A&T and its affiliates regarding their
duties under the Bankruptcy Code; negotiate with creditors; assist
in any potential sale of assets; help the Debtors obtain financing;
assist in the preparation of a bankruptcy plan; and provide other
legal services related to their Chapter 11 cases.

The firms' hourly rates are:

     Partners              $965 - $1,795
     Of Counsel            $575 - $1,795
     Associates            $575 - $1,065
     Paraprofessionals     $220 - $440

The Debtors paid $400,000 to the firms, which constituted a
"security retainer" prior to the petition date, and additional
security retainers totaling $3.6 million.

Patrick Nash, Jr., president of Patrick J. Nash, Jr., P.C., a
partner of Kirkland, disclosed in a court filing that the firms are
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Nash disclosed that Kirkland has not agreed to any variations from,
or alternatives to, its standard or customary billing arrangements;
and that no Kirkland professional has varied his rate based on the
geographic location of the Debtors' cases.  

Mr. Nash also disclosed that Kirkland represented the Debtors
during the 12-month period before the petition date, using these
hourly rates:

     Professionals        09/12/17 - 12/31/17
     -------------        -------------------
     Partners                $930 - $1,745
     Of Counsel              $555 - $1,745
     Associates              $555 - $1,015
     Paraprofessionals         $215 - $420

     Professionals          On/After 01/01/18
     -------------          -----------------
     Partners                $965 - $1,795
     Of Counsel              $575 - $1,795
     Associates              $575 - $1,065
     Paraprofessionals       $220 - $440

The Debtors have already approved Kirkland's budget and staffing
plan for the period Dec. 17 to 31, 2017, according to Mr. Nash.

Kirkland can be reached through:

     Patrick J. Nash, Jr.
     Patrick J. Nash, Jr., P.C.
     Gregory F. Pesce, Esq.
     Kirkland & Ellis LLP
     300 North LaSalle Street
     Chicago, IL 60654
     Tel: (312) 862-2000
     Fax: (312) 862-2200
     E-mail: patrick.nash@kirkland.com

          -- and --

     Marc Kieselstein, Esq.
     Marc Kieselstein, P.C.
     Kirkland & Ellis LLP
     601 Lexington Avenue
     New York, NY 10022
     Tel: (212) 446-4800
     Fax: (212) 446-4900
     E-mail: marc.kieselstein@kirkland.com

                   About Global A&T Electronics

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

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

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

Global A&T and its affiliates sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case Nos. 17-23931 to
17-23943) on Dec. 17, 2017.  In the petition signed by general
counsel Michael E. Foreman, Global A&T estimated assets of $500
million to $1 billion and liabilities of $1 billion to $10
billion.

Judge Robert D. Drain presides over the cases.

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


GLOBAL A&T: Taps Moelis as Investment Banker & Financial Advisor
----------------------------------------------------------------
Global A&T Electronics Limited seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire an
investment banker and financial advisor in connection with the
Chapter 11 cases filed by the company and its affiliates.

Global A&T proposes to employ Moelis & Company LLC and Moelis &
Company Asia Limited to, among other things, review results of its
operations, financial condition and business plan; assist in
developing a strategy to effect a restructuring; assist in
reviewing and in negotiating any potential transaction; and advise
the Debtors on the terms of securities offered in any potential
sale transaction or capital transaction.

Moelis will be paid a non-refundable cash fee of $175,000 per month
for its services.

Meanwhile, the firm will be paid a fee of $7.5 million in case of a
restructuring; and a non-refundable cash fee equal to 2% of the
"sale transaction value" in case of a sale.  

In case of a capital transaction, Moelis will be paid a
non-refundable cash fee equal to (i) 1% of the aggregate gross
amount of secured debt obligations and other secured interests
raised in the transaction, (ii) 3% of the aggregate gross amount of
unsecured debt obligations, and other unsecured interests raised in
the transaction, and (iii) 5% of the aggregate gross amount or face
value of new capital raised in the transaction as equity,
equity-linked interests, options, warrants or other rights to
acquire equity interests.   

Adam Waldman, executive director of Moelis, disclosed in a court
filing that his firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Adam Waldman
     Moelis & Company LLC
     399 Park Avenue, 5th Floor
     New York, NY 10022
     Tel: 1 212-883-3800
     Fax: 1 212-880-4260

                   About Global A&T Electronics

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

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

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

Global A&T and its affiliates sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case Nos. 17-23931 to
17-23943) on Dec. 17, 2017.  In the petition signed by general
counsel Michael E. Foreman, Global A&T estimated assets of $500
million to $1 billion and liabilities of $1 billion to $10
billion.

Judge Robert D. Drain presides over the cases.

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


GREEKTOWN HOLDINGS: Papas, et al. Free from Trustee's Clawback Suit
-------------------------------------------------------------------
In the appeals case captioned BUCHWALD CAPITAL ADVISORS, LLC,
Litigation Trustee for the Greektown Litigation Trust, Appellant,
v. DIMITRIOS ("JIM") PAPAS, et al., Appellees, Case No. 15-cv-14289
(E.D. Mich.), District Judge Paul D. Borman entered an order
affirming the bankruptcy court's Nov. 24, 2015 opinion and Dec. 23,
2015 order granting the Papas and Gatzaros defendants' motion for
summary judgment and dismissing them with prejudice from the
adversary proceeding.

The appeal arises out of the Greektown Holdings, LLC Bankruptcy
proceedings specifically out of Bankruptcy Adversary Proceeding No.
10-05712, Buchwald Capital Advisors, LLC, solely in its capacity as
Litigation Trustee to the Greektown Litigation Trust v. Dimitrios
Papas, Viola Papas, Ted Gatzaros, Maria Gatzaros, Barden
Development, Inc., Lac Vieux Desert Band of Lake Superior Chippewa
Indians, Kewadin Casinos Gaming Authority, and Barden Nevada
Gaming, LLC, in which the Plaintiff, Buchwald Capital Advisors,
LLC, Litigation Trustee for the Greektown Litigation Trust seeks to
avoid certain transfers made to the Defendants that are alleged to
have been fraudulent and therefore avoidable, which incorporates
Michigan's Uniform Fraudulent Transfer Act, Mich.  At issue in the
appeal are approximately $155 million in wire transfers made in
2005 -- approximately $95 million in a transfer to Dimitrios and
Viola Papas and approximately $60 million in a transfer to Ted and
Maria Gatzaros.

The Bankruptcy Court, in its Nov. 24, 2015 Opinion, concluded that
the Wire Transfers were protected from avoidance under Section
546(e) of the Bankruptcy Code, 11 U.S.C. section 546(e), a "safe
harbor" provision that bars a trustee's avoidance of transfers that
are "settlement payments" made by or to (or for the benefit of) a
financial institution and bars avoidance of transfers that are made
by or to (or for the benefit of) a financial institution in
connection with a securities contract. The Bankruptcy Court granted
the Papas and Gatzaros Defendants' motion for summary judgment and
dismissed them from the Adversary Proceeding with prejudice on Dec.
23, 2015.

On appeal, the Litigation Trustee argues: (1) that the Bankruptcy
Court improperly weighed evidence and made erroneous factual
findings in reaching its summary judgment conclusion that the Wire
Transfers are entitled to safe harbor protection under Section
546(e); and (2) that the Wire Transfers were in fact dividend
payments, not settlement payments, which were not made in
connection with a securities contract and were not made "by" or
"to" a financial institution, and thus were not entitled to safe
harbor protection under Section 546(e) and are therefore avoidable
under Section 544 and ultimately recoverable from the Papas and
Gatzaros Defendants as "initial transferees" under Section
550(a)(1). The Papas and Gatzaros Defendants respond that: (1) all
of the material facts that demonstrate the applicability of Section
546(e) to the Wire Transfers are undisputed; and (2) the Wire
Transfers were "settlement payments," not dividends, and were made
in connection with a securities contract and were made by a
financial institution, and thus are entitled to safe harbor
protection under Section 546(e).

Upon review of the case, the Court rejects the Litigation Trustee's
position and concludes that the Bankruptcy Court reached the
correct conclusion regarding the nature of the 2005 Transaction.
The Litigation Trustee urges the Court to adopt a myopic view the
2005 Transaction that focuses solely on the dividend from Holdings
to Monroe and Kewadin and ignores every other document and
undisputed fact in the record. However, this view of the 2005
Transaction ignores the undisputed factual realities that: (1)
Holdings was formed, at the insistence of and with the approval of
the Michigan Gaming Control Board, for the express purpose of
satisfying the redemption obligations to the Papas and Gatzaros
Defendants; (2) the sole purpose of the Note issuance, as fully
disclosed to the Noteholders in the Offering Memorandum, the Flow
of Funds Memorandum, and the Note Purchase Agreement, was to obtain
funds to make the payments to the Papas and Gatzaros Defendants;
and (3) in a unified series of transactions deemed to have occurred
simultaneously, the proceeds of the securities transaction were
wired directly from Holdings' brokerage account at MLPFS to the
bank accounts of the Papas and Gatzaros Defendants, as understood
and expected by all parties who devised, sanctioned, and/or were
parties to the Note sale.

The Litigation Trustee's position also ignores the legal reality
that Holdings: (1) entered into a covenant under the NPA to use the
proceeds of the sale of the Notes only as directed in the Offering
Memorandum's "Use of Proceeds" section, i.e. to pay the amounts
owed to the Papas and Gatzaros Defendants, and (2) was directed by
the Nov. 15, 2005 Order of the MCGB to use the proceeds only as
described in the Oct. 27, 2005 Approval Request, i.e. to pay the
amounts owed to the Papas and Gatzaros Defendants. The totality of
these circumstances leads the Court to find both (1) that the Wire
Transfers to the Papas and Gatzaros Defendants were settlement
payments made by or to or for the benefit of a financial
institution, and (2) that the Wire Transfers were made by or to or
for the benefit of a financial institution in connection with a
securities contract. Either finding provides an independent basis
to affirm Judge Shapero's Nov. 24, 2015 Summary Judgment Opinion
and Dec. 23, 2015 Order of Dismissal.

A full-text copy of Judge Borman's Opinion and Order dated Jan. 23,
2018 is available at https://is.gd/tr08ka from Leagle.com.

Buchwald Capital Advisors, LLC, solely in its capacity as
Litigation Trustee to the Greektown Litigation Trust, Appellant,
represented by Joel D. Applebaum -- japplebaum@clarkhill.com --
Clark Hill, Linda M. Watson -- lwatson@clarkhill.com -- Clark Hill
& Mark N. Parry -- mparry@mosessinger.com -- Moses and Singer.

Dimitrios Papas, Viola Papas, Ted Gatzaros & Maria Gatzaros,
Appellees, represented by James E. Morgan --
jmorgan@howardandhoward.com -- Howard & Howard Attorneys PLLC, Lisa
S. Gretchko -- lgretchko@howardandhoward.com -- Howard & Howard &
Patrick M. McCarthy -- pmccarthy@howardandhoward.com -- Howard &
Howard.

Kewadin Casinos Gaming Authority, Appellee, represented by Douglas
L. Lutz -- dlutz@fbtlaw.com -- Frost Brown & Grant Cowan --
gcowant@fblutz.com -- Frost Brown Todd LLC.

                  About Greektown Holdings

Based in Detroit, Michigan, Greektown Holdings, LLC, and its
affiliates -- http://www.greektowncasino.com/-- operate
world-class casino gaming facilities located in Detroit's historic
Greektown district featuring more than 75,000 square feet of casino
gaming space with more than 2,400 slot machines, over 70 tables
games, a 12,500-square foot salon dedicated to high limit gaming
and the largest live poker room in the metropolitan Detroit gaming
market.

The Company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No.
08-53104).  The Debtors hired Daniel J. Weiner, Esq., Michael E.
Baum, Esq., and Ryan D. Heilman, Esq., at Schafer and Weiner PLLC,
as their bankruptcy counsel; Judy B. Calton, Esq., at Honigman
Miller Schwartz and Cohn LLP, as their special counsel; Conway
MacKenzie & Dunleavy as their financial advisor, and Kurtzman
Carson Consultants LLC as claims, noticing, and balloting agent.
The Official Committee of Unsecured Creditors tapped Clark Hill PLC
as its counsel.

Greektown Holdings listed assets and debts of $100 million to $500
million in its bankruptcy petition.

On June 1, 2009, the Debtors filed a proposed Chapter 11 Plan of
Reorganization.  On Dec. 7, 2009, certain noteholder entities, the
Official Committee of Unsecured Creditors of the Debtors, and
Deutsche Bank Trust Company Americas, as indenture trustee,
proposed their own plan of reorganization for the Debtors.  On Jan.
22, 2010, the Bankruptcy Court entered an order confirming the
Noteholder Plan.  The Plan was declared effective on June 30, 2010,
after Greektown Casino Hotel obtained unanimous approval from the
Michigan Gaming Control Board on June 28 of the transfer of the
Company's ownership from the Sault Ste. Marie Tribe of Chippewa
Indian to new investors.

                            *   *    *

As reported by the TCR on Feb. 28, 2014, Standard & Poor's Ratings
Services assigned Detroit-based gaming operator Greektown Holdings
LLC its 'B-' corporate credit rating.  The 'B-' corporate credit
rating reflects S&P's assessment of Greektown's business risk
profile as "vulnerable" and its assessment of the company's
financial risk profile as "highly leveraged," according to S&P's
criteria.


HEALTHCARE PROVIDERS INSURANCE: Sent by Pa. Court to Liquidation
----------------------------------------------------------------
The Commonwealth Court of Pennsylvania ordered Healthcare Providers
Insurance Exchange into liquidation effective Jan. 12, 2018.

Jessica K. Altman, Acting Insurance Commissioner of the
Commonwealth of Pennsylvania, was appointed the Statutory
Liquidator, and was ordered to take possession of HPIX's property
and liquidate its business. Deputy Insurance Commissioner Laura
Lyon Slaymaker and her staff oversee the liquidation on the
Liquidator's behalf.

Parties who want to pursue a claim against the estate of HPIX must
file a fully completed proof of claim to have that claim
considered.

Pursuant to the Pennsylvania Commonwealth Court's HPIX Order, the
Liquidator will file an application with the Court in April 2018
seeking to establish a claims filing deadline.

General questions about the liquidation process should be directed
to and proof of claim forms can be obtained from:

     * Download: www.insurance.pa.gov
       Click Regulations, then Liquidations &
       Rehabilitations

     * Request by Email: ra-in-claims@pa.gov

     * Request by Telephone: (717) 787-7823

     * Request by Mail:

       Statutory Liquidator for HPIX
       Capitol Associates Building
       901 N. 7th Street
       Harrisburg, PA 17102

A fully completed proof of claim shall include:

     * A proof of claim form containing the original signature of
the claimant;

     * A description of the claim and any security interest;

     * Whether collateral security or personal security is pledged
in accordance with the terms of the policy;

     * Documentation of any payments made on the claim;

     * A statement that the amount is justly owed to the claimant;
and

     * Whenever a claim is based upon an instrument in writing,
such as a contract, a copy of that document should be attached to
the proof of claim.  If the document has been destroyed, a
statement of the facts and circumstances of the loss must be filed,
under oath, with the claim

A paid HPIX policy and any accompanying extending report period
will terminate at its normal expiration, upon replacement or
February 11, 2018 (30 days from the date of liquidation), whichever
is soonest.


HECTOR RICARDO CARMONA: US Court Won't Recognize Mexican Judgments
------------------------------------------------------------------
Bankruptcy Judge Eduardo V. Rodriguez issued a memorandum opinion
granting Maria Eugenia Rosales' motion for non-recognition of
foreign country judgments and related matters in the cases
captioned HECTOR RICARDO CARMONA, Plaintiff, v. MARIA EUGENIA
CARMONA, Defendant. MARIA EUGENIA ROSALES, Plaintiff, v. HECTOR
RICARDO CARMONA, Defendant, Adversary Nos. 16-5003, 16-5008 (Bankr.
S.D. Tex.).

The story of the case sub judice began in March 2012, when Maria
Eugenia Rosales filed for divorce from her husband Hector Ricardo
Carmona in Laredo, Texas, which is located in Webb County. Although
the Parties entered into a mediated settlement agreement--which
ultimately served as a basis for the entry of a Final Decree of
Divorce--a flurry of litigation, initiated by Carmona, ensued in
the United States of Mexico resulting in multiple foreign judgments
being entered against Rosales.

The US Court has been tasked with determining whether seven Mexican
Judgments entered against Rosales should be recognized by the US
Court under the Texas Recognition Act. In 2014, Carmona and Rosales
settled a contentious divorce, which involved, inter alia,
Carmona's claim that Rosales fraudulently transferred the SA
Calichar Lot. Subsequent to the settlement, Carmona brought
litigation against Rosales in Mexico resulting in seven Mexican
Judgments. Rosales seeks that the US Court grant her Motion for
Non-Recognition and decline to recognize any of the Mexican
Judgments citing a lack of due process and impartial tribunals in
Mexico, the Mexican court's alleged lack of integrity, lack of due
process in the underlying Mexican proceedings, public policy
arguments, and res judicata. Conversely, Carmona contends that
there is no basis to deny recognition to the Mexican Judgments and
requests that the Court deny the Motion for Non-Recognition.

The US Court considered all five bases for denial under the Texas
Recognition Act. The evidence before the Court simply does not meet
the high burden of demonstrating that the judgments rendered by the
Mexican judicial system does not provide impartial tribunals or
procedures compatible with the requirements of due process of law
and thus section 36A.004(b)(1) cannot serve as a basis to deny
recognition of the Mexican Judgments. The Court finds that it
cannot deny recognition of the Mexican Judgments based on section
36A.004(c)(7) because the judgments were not rendered in
circumstances that raise substantial doubt about the integrity of
the Mexican courts with respect to the judgments. Similarly, the
Court finds that it cannot deny recognition of the Mexican
Judgments based on section 36A.004(c)(8) because the specific
proceedings in the Mexican courts leading to the judgments was
compatible with the requirements of due process of law.

Although the cause of action underlying the Mexican Judgments is
not repugnant to Texas public policy, the Court finds that the
Mexican Judgments are directly in contravention with Texas public
policy and that it should decline to recognize the Mexican
Judgments under section 36A.004(c)(3). Finally, the Court also
finds that the Mexican Judgments should be denied recognition
because they conflict with another final and conclusive judgment,
namely the MSA and Final Decree under section 36A.004(c)(4).

Accordingly, the motion for non-recognition is granted and the
Mexican Judgments should not be recognized by the Court.

A full-text copy of Judge Rodriguez's Memorandum Opinion dated Jan.
19, 2018 is available at https://is.gd/dpWUd5 from Leagle.com.

Hector Ricardo Carmona, Debtor, represented by Carl Michael Barto,
Law Office of Carl M. Barto, Leslie M. Luttrell --
luttrell@LCLawGroup.net  -- Luttrell + Carmody Law Group, Octavio
Salinas & Fausto Sosa.

US Trustee, U.S. Trustee, represented by Stephen Douglas Statham,
Office of US Trustee.

Hector Ricardo Carmona sought Chapter 11 protection (Bankr. S.D.
Tex. Case No. 16-50155) on July 21, 2016. The Debtor is represented
by Carl Michael Barto, Esq.


HELIOS AND MATHESON: Empery Has 4.99% Stake as of Dec. 31
---------------------------------------------------------
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 beneficially own 17,733 shares of Common Stock;
660,885 shares of Common Stock issuable upon conversion of the
Notes; and 1,425,000 shares of Common Stock issuable upon exercise
of Warrants of Helios & Matheson Analytics Inc., constituting
4.99 percent of the shares outstanding.  The percentage is based on
23,481,253 shares of Common Stock issued and outstanding as of Dec.
13, 2017, as represented in the Company's Prospectus Supplement on
Form 424(b)(5) filed with the Securities and Exchange Commission on
Dec. 14, 2017 and assumes the conversion of the Company's reported
notes and the exercise of the Company's reported warrants each
subject to the Blockers.

Pursuant to the terms of the Reported Notes and Reported Warrants,
the Reporting Persons cannot convert the Reported Notes or exercise
the Reported Warrants to the extent the Reporting Persons would
beneficially own, after any such conversion or exercise, more than
4.99% of the outstanding shares of Common Stock (the "Blockers").

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

                   https://is.gd/6FVwDK

                 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.

The Company had a net loss of $7,381,071 and $2,110,117 for the
years ended Dec. 31, 2016 and 2015, respectively.  As a result,
these conditions had raised substantial doubt regarding its ability
to continue as a going concern.

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.


HELIOS AND MATHESON: Will Sell $400 Million Worth of Securities
---------------------------------------------------------------
Helios and Matheson Analytics Inc. filed a Form S-3 registration
statement with the Securities and Exchange Commission in connection
with the offer and sell, in one or more offerings, of up to
$400,000,000 in any combination of common stock, preferred stock,
warrants, units and subscription rights.

The Company may offer these securities from time to time in
amounts, at prices and on other terms to be determined at the time
of the offering.  The Company may offer and sell these securities
to or through underwriters, dealers or agents, or directly to
investors, on a continuous or delayed basis.  The supplements to
this prospectus will provide the specific terms of the plan of
distribution.  The price to the public of those securities and the
net proceeds we expect to receive from such sale will also be set
forth in a prospectus supplement.

Helios and Matheson's common stock is listed on the Nasdaq Capital
Market under the symbol "HMNY."  On Jan. 24, 2018, the closing
price of its common stock as reported by the Nasdaq Capital Market
was $9.15 per share.

A full-text copy of the Form S-3 prospectus is available for free
at https://is.gd/GUPmCz

                    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.

The Company had a net loss of $7,381,071 and $2,110,117 for the
years ended Dec. 31, 2016 and 2015, respectively.  As a result,
these conditions had raised substantial doubt regarding its ability
to continue as a going concern.

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.


HIGHVEST CORP: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Highvest Corp. as of Jan. 26,
according to a court docket.

                        About Highvest Corp.

Based in Sebring, Florida, Highvest Corp. was founded in 2009 and
is engaged in the wholesale distribution of distilled spirits,
including neutral spirits and ethyl alcohol used in blended wines
and distilled liquors.

Highvest Corp. filed a Chapter 11 petition (Bankr. S.D. Fla. Case
No. 17-24166), on November 28, 2017.  In its petition signed by
Anthony R. Cozier, president, the Debtor estimated less than
$50,000 in assets and $1 million to $10 million in liabilities.
The case is assigned to Judge Paul G. Hyman, Jr.  The Debtor is
represented by Angelo A. Gasparri, Esq. of the Law Office of Angelo
A. Gasparri.


HOBBICO INC: Arrma Durango's Case Summary & 10 Unsec. Creditors
---------------------------------------------------------------
Debtor: Arrma Durango Ltd.
        Suite 3
        Enterprise Glade
        Moira, Derbyshire DE12 6BA
        United Kingdom

Type of Business: Based in Moira, United Kingdom, ARRMA Durango
                  Ltd., a subsidiary of Hobbico, Inc., provides
                  engineering, R&D and design services in support
                  of Hobbico's Arrma product line.  

                  Hobbico is a designer, manufacturer, and
                  distributor of radio control and general hobby
                  products, including radio control vehicles,
                  drones,  model rockets, model kits, and general
                  hobby products.  Hobbico markets and sells
                  thousands of these products across more than 250

                  brands, many of which are proprietary, including

                  Axial, ARRMA, Revell, Estes, Great Planes Model
                  Manufacturing, DuraTrax, and Top Flite.  ARRMA
                  Durango has no meaningful income, as it performs

                  100% of its services for Hobbico.

                  ARRMA Durango has 16 employees.  

                  http://www.arrma-durango.com/

Chapter 11 Petition Date: January 26, 2018

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Case No.: 18-10158

Judge: Hon. Kevin Gross

Debtor's
Local
Bankruptcy
Counsel:       Curtis S. Miller, Esq.
               Robert J. Dehney, Esq.
               Matthew O. Talmo, Esq.
               MORRIS, NICHOLS, ARSHT & TUNNELL LLP
               1201 N. Market Street, 16th Floor
               P.O. Box 1347
               Wilmington, Delaware 19899-1347
               Tel: (302) 658-9200
               Fax: (302) 658-3989
               E-mail: rdehney@mnat.com
                       cmiller@mnat.com
                       mtalmo@mnat.com

Debtor's
General
Bankruptcy
Counsel:       Mark A. Berkoff, Esq.
               Nicholas M. Miller, Esq.
               Thomas C. Wolford, Esq.
               NEAL, GERBER & EISENBERG LLP
               Two North LaSalle Street, Suite 1700
               Chicago, Illinois 60602
               Tel: (312) 269-8000
               Fax: (312) 269-1747
               E-mail: mberkoff@nge.com
                       nmiller@nge.com
                       twolford@nge.com

Debtor's
Investment
Banker:        LINCOLN INTERNATIONAL LLC

Debtor's
Restructuring
Advisor:       KEYSTONE CONSULTING GROUP LLC

                     - and -
   
               CR3 PARTNERS, LLC

Debtor's
Notice &
Claims Agent:  JND CORPORATE RESTRUCTURING
               Web site:  
               http://www.jndla.com/cases/hobbico

ARRMA Durango's
Estimated Assets: $500,000 to $1 million

ARRMA Durango's
Estimated Liabilities: $100 million to $500 million

The petition was signed by Tom S. O'Donoghue, Jr., chief
restructuring officer.

A copy of the petition, containing a list of the Debtor's 10
unsecured creditors, is available for free at:

           http://bankrupt.com/misc/deb18-10158.pdf

On Jan. 10, 2018, each of these affiliated entities filed a
petition in the U.S. Bankruptcy Court for the District of Delaware
for relief under Chapter 11 of the Bankruptcy Code.  The Initial
Debtors have been granted joint administration of these cases under
the case number assigned to the Chapter 11 case of Hobbico,
Inc. (Case No. 18-10055).  The debtor-affiliates are:

      Debtor                                  Case No.
      ------                                  --------
      Estes-Cox Corp.                         18-10054
      Hobbico, Inc.                           18-10055
      Axial R/C Inc.                          18-10056
      Great Planes Model Manufacturing, Inc.  18-10057
      Revell Inc.                             18-10058
      Tower Hobbies, Inc.                     18-10059
      United Model, Inc.                      18-10060


HOBBICO INC: Seeks to Hire CR3, Appoint T. O'Donoghue as CRO
------------------------------------------------------------
Hobbico, Inc. seeks approval from the U.S. Bankruptcy Court for the
District of Delaware to hire Tom O'Donoghue, Jr. and his firm CR3
Partners, LLC to provide restructuring and management services.

Mr. O'Donoghue, a partner at CR3, will serve as chief restructuring
officer of Hobbico and its affiliates in connection with their
Chapter 11 cases.  

The services to be provided by the CRO and his firm include
reviewing the Debtors' financial results and projections;
negotiating with creditors regarding restructuring; supervising the
preparation of financial statements; advising the Debtors on
strategic planning; and assisting them in managing key
constituents.  

CR3's hourly rates are:

     Partners       $450 - $650
     Directors      $350 - $500
     Managers       $300 - $425
     Associates     $250 - $350

The firm received a $75,000 cash retainer on October 27, 2017.

Mr. O'Donoghue disclosed in a court filing that his firm does not
have any interest adverse to the interests of the Debtors' estates,
creditors and equity security holders.

CR3 can be reached through:

     Tom S. O'Donoghue, Jr.
     CR3 Partners, LLC
     13355 Noel Road, Suite 310
     Dallas, TX 75240
     Phone: 847-778-3965
     Email: tom.odonoghue@cr3partners.com

                        About Hobbico Inc.

Hobbico, Inc. -- https://www.hobbico.com/ -- is engaged in the
design, manufacturing, marketing and distribution of thousands of
hobby products including radio-control and general hobby products.
The company's merchandise includes a wide variety of radio-control
models from cars and boats to airplanes and helicopters.

Hobbico began in 1971 with just two people and now employs over 650
individuals in facilities that include its West Coast distribution
center in Reno, Nevada, facilities in Penrose, Colorado and Elk
Grove Village, Illinois and its corporate headquarters in
Champaign, Illinois.

Hobbico, Inc., along with its U.S. affiliates, sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 18-10055) on Jan. 10,
2018.  The petitions were signed by Tom S. O'Donoghue, Jr., chief
restructuring officer.

Hobbico estimated assets of $10 million to $50 million and debt of
$100 million to $500 million.

The Hon. Kevin Gross is the case judge.

The Debtors tapped Neal, Gerber & Eisenberg LLP as general
bankruptcy counsel; Morris, Nichols, Arsht & Tunnell LLP as local
bankruptcy counsel; Lincoln International LLC as investment banker;
and Keystone Consulting Group, LLC, and CR3 Partners, LLC, as
restructuring advisors.  JND Corporate Restructuring is the notice
and claims agent.


HOBBICO INC: Seeks to Hire Keystone, Appoint L. Brownstone as COO
-----------------------------------------------------------------
Hobbico, Inc., seeks approval from the U.S. Bankruptcy Court for
the District of Delaware to hire Louis Brownstone and his firm
Keystone Consulting Group, LLC, to provide interim management
services.

Mr. Brownstone, senior principal of Keystone, will serve as interim
president and chief operating officer of Hobbico and its affiliates
in connection with their Chapter 11 cases.  

The services to be provided by the COO and his firm include
reviewing and making business decisions for the Debtors; supporting
the Debtors' financial reporting activities; assisting in the
preparation of bank loan reporting; and providing analysis of
accounting or operations information as requested by the chief
financial officer or chief restructuring officer to satisfy
requests from their investment banker.

The Debtors will pay Keystone $20,000 per week for services
provided by Mr. Brownstone as interim president and COO.  To the
extent he is assisted by other Keystone professionals, they are to
be paid at these hourly rates:

     Tom Harig            $850
     Danielle Moushon     $450
     Brad Terry           $450
     Emily Harig          $275
     Gilli Mizrahi        $275
     Joey Burzynski       $175
     Jack Zimmerman       $175

Keystone received a $75,000 cash retainer on Oct. 1, 2017, which
was increased to $100,000 on June 19, 2017.

Mr. Brownstone disclosed in a court filing that he and other
Keystone professionals do not hold or represent any interest
adverse to the interests of the Debtors' estate, creditors and
equity security holders.

The firm can be reached through:

     Louis Brownstone
     Keystone Consulting Group, LLC
     311 S. Wacker Dr., Suite 5000
     Chicago, IL 60606
     Phone: (312) 960-3630

                        About Hobbico Inc.

Hobbico, Inc. -- https://www.hobbico.com/ -- is engaged in the
design, manufacturing, marketing and distribution of thousands of
hobby products including radio-control and general hobby products.
The company's merchandise includes a wide variety of radio-control
models from cars and boats to airplanes and helicopters.

Hobbico began in 1971 with just two people and now employs over 650
individuals in facilities that include its West Coast distribution
center in Reno, Nevada, facilities in Penrose, Colorado and Elk
Grove Village, Illinois and its corporate headquarters in
Champaign, Illinois.

Hobbico, Inc., along with its U.S. affiliates, sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 18-10055) on Jan. 10,
2018.  The petitions were signed by Tom S. O'Donoghue, Jr., chief
restructuring officer.

Hobbico estimated assets of $10 million to $50 million and debt of
$100 million to $500 million.

The Hon. Kevin Gross is the case judge.

The Debtors tapped Neal, Gerber & Eisenberg LLP as general
bankruptcy counsel; Morris, Nichols, Arsht & Tunnell LLP as local
bankruptcy counsel; Lincoln International LLC as investment banker;
and Keystone Consulting Group, LLC, and CR3 Partners, LLC, as
restructuring advisors.  JND Corporate Restructuring is the notice
and claims agent.


HOBBICO INC: Taps JND Corporate as Administrative Agent
-------------------------------------------------------
Hobbico, Inc., seeks approval from the U.S. Bankruptcy Court for
the District of Delaware to hire JND Corporate Restructuring as
administrative agent.

The firm will provide bankruptcy administration services to Hobbico
and its affiliates, which include assisting in the solicitation,
balloting and tabulation of votes; preparing reports in support of
confirmation of a bankruptcy plan; and managing any distribution
pursuant to the plan.

The Debtors have agreed to pay JND a retainer in the sum of
$10,000.

Travis Vandell, chief executive officer of JND, disclosed in a
court filing that his firm is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Travis Vandell
     JND Corporate Restructuring
     8269 E. 23rd Avenue, Suite 275
     Denver, CO 80238
     Phone: 855-812-6112
     E-mail: travis.vandell@jndla.com
             restructuring@jndla.com

                        About Hobbico Inc.

Hobbico, Inc. -- https://www.hobbico.com/ -- is engaged in the
design, manufacturing, marketing and distribution of thousands of
hobby products including radio-control and general hobby products.
The company's merchandise includes a wide variety of radio-control
models from cars and boats to airplanes and helicopters.

Hobbico began in 1971 with just two people and now employs over 650
individuals in facilities that include its West Coast distribution
center in Reno, Nevada, facilities in Penrose, Colorado and Elk
Grove Village, Illinois and its corporate headquarters in
Champaign, Illinois.

Hobbico, Inc., along with its U.S. affiliates, sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 18-10055) on Jan. 10,
2018.  The petitions were signed by Tom S. O'Donoghue, Jr., chief
restructuring officer.

Hobbico estimated assets of $10 million to $50 million and debt of
$100 million to $500 million.

The Hon. Kevin Gross is the case judge.

The Debtors tapped Neal, Gerber & Eisenberg LLP as general
bankruptcy counsel; Morris, Nichols, Arsht & Tunnell LLP as local
bankruptcy counsel; Lincoln International LLC as investment banker;
and Keystone Consulting Group, LLC, and CR3 Partners, LLC, as
restructuring advisors.  JND Corporate Restructuring is the notice
and claims agent.


HOBBICO INC: Taps Lincoln Partners as Investment Banker
-------------------------------------------------------
Hobbico, Inc., seeks approval from the U.S. Bankruptcy Court for
the District of Delaware to hire Lincoln Partners Advisors LLC as
its investment banker.

The firm will assist in preparing a report analyzing the strategic
alternatives available to Hobbico and its affiliates; assist the
Debtors in any financing, restructuring or sale transaction; and
provide other investment banking services in connection with the
Debtors' Chapter 11 cases.

Lincoln Partners will be paid a monthly non-refundable cash
advisory fee of $75,000.  

In connection with a financing transaction, the firm will be paid a
fee equal to (i) 1% of the committed amount of the first lien debt;
plus, (ii) 2.5% on the committed amount of the second lien or
unsecured debt; plus (iii) 4% on any committed amount of any other
debt, preferred stock, or common stock raised if a transaction is
consummated.  The minimum financing transaction fee is $500,000.

In connection with a sale transaction, the firm will be paid a fee
equal to the greater of 2.5% of the "enterprise value" attributable
to such transaction; and (ii) $600,000 for a transaction involving
only one material business unit or subsidiary of Hobbico, and $1
million for a transaction involving more than one material business
unit or subsidiary.

Meanwhile, Lincoln Partners will receive a fee equal to 1% of the
outstanding principal amount of any existing indebtedness effected
by any restructuring transaction.

Alexander Stevenson, managing director and head of Lincoln
Partners' Special Situations Group, disclosed in a court filing
that his firm is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Alexander W. Stevenson
     Lincoln Partners Advisors LLC
     500 West Madison Street, Suite 3900
     Chicago, IL 60661
     E-mail: astevenson@lincolninternational.com

                        About Hobbico Inc.

Hobbico, Inc. -- https://www.hobbico.com/ -- is engaged in the
design, manufacturing, marketing and distribution of thousands of
hobby products including radio-control and general hobby products.
The company's merchandise includes a wide variety of radio-control
models from cars and boats to airplanes and helicopters.

Hobbico began in 1971 with just two people and now employs over 650
individuals in facilities that include its West Coast distribution
center in Reno, Nevada, facilities in Penrose, Colorado and Elk
Grove Village, Illinois and its corporate headquarters in
Champaign, Illinois.

Hobbico, Inc., along with its U.S. affiliates, sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 18-10055) on Jan. 10,
2018.  The petitions were signed by Tom S. O'Donoghue, Jr., chief
restructuring officer.

Hobbico estimated assets of $10 million to $50 million and debt of
$100 million to $500 million.

The Hon. Kevin Gross is the case judge.


HOBBICO INC: Taps Morris Nichols as Delaware Counsel
----------------------------------------------------
Hobbico, Inc. seeks approval from the U.S. Bankruptcy Court for the
District of Delaware to hire Morris, Nichols, Arsht & Tunnell LLP.

The firm will provide legal services to the company and its
affiliates as Delaware counsel in connection with their Chapter 11
cases.  Morris Nichols will charge these hourly rates for its
services:

     Partners              $650 - $1,050
     Associates            $415 - $675
     Special Counsel       $415 - $675
     Paraprofessionals     $280 - $325
     Case Clerks               $165

Morris Nichols received a payment of $100,000 from the Debtors as
an advance fee.

Robert Dehney, Esq., a partner at Morris Nichols, disclosed in a
court filing that the firm is a "disinterested person" as defined
in Section 101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Dehney disclosed that his firm has agreed to a variation from, or
alternative to, its standard or customary billing arrangements; and
that no Morris Nichols professional has varied his rate based on
the geographic location of the Debtors' cases.  

Mr. Dehney also disclosed that his firm represented the Debtors
prior to the Petition Date and agreed to use discounted rates for
its partners during that period.

Morris Nichols will work with the Debtors to approve a prospective
budget and staffing plan for the firm's employment for the
postpetition period, according to Mr. Dehney.  

The firm can be reached through:

     Robert J. Dehney, Esq.
     Curtis S. Miller, Esq.
     Matthew O. Talmo, Esq.
     1201 N. Market Street, 16th Floor
     P.O. Box 1347
     Wilmington, DE 19899-1347
     Tel: (302) 658-9200
     Fax: (302) 658-3989
     E-mail: rdehney@mnat.com
             cmiller@mnat.com
             mtalmo@mnat.com

                        About Hobbico Inc.

Hobbico, Inc. -- https://www.hobbico.com/ -- is engaged in the
design, manufacturing, marketing and distribution of thousands of
hobby products including radio-control and general hobby products.
The company's merchandise includes a wide variety of radio-control
models from cars and boats to airplanes and helicopters.

Hobbico began in 1971 with just two people and now employs over 650
individuals in facilities that include its West Coast distribution
center in Reno, Nevada, facilities in Penrose, Colorado and Elk
Grove Village, Illinois and its corporate headquarters in
Champaign, Illinois.

Hobbico, Inc., along with its U.S. affiliates, sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 18-10055) on Jan. 10,
2018.  The petitions were signed by Tom S. O'Donoghue, Jr., chief
restructuring officer.

Hobbico estimated assets of $10 million to $50 million and debt of
$100 million to $500 million.

The Hon. Kevin Gross is the case judge.

The Debtors tapped Neal, Gerber & Eisenberg LLP as general
bankruptcy counsel; Morris, Nichols, Arsht & Tunnell LLP as local
bankruptcy counsel; Lincoln International LLC as investment banker;
and Keystone Consulting Group, LLC, and CR3 Partners, LLC, as
restructuring advisors.  JND Corporate Restructuring is the notice
and claims agent.


HOBBICO INC: Taps Neal Gerber as Legal Counsel
----------------------------------------------
Hobbico, Inc., seeks approval from the U.S. Bankruptcy Court for
the District of Delaware to hire Neal, Gerber & Eisenberg LLP as
its legal counsel.

The firm will advise the company and its affiliates regarding their
duties under the Bankruptcy Code; negotiate with creditors; give
advice on financing and transactional matters; and provide other
legal services related to the Debtors' Chapter 11 cases.

The firm's hourly rates are:

     Partners       $450 - $950
     Associates     $355 - $490
     Paralegals     $260 - $300

The principal attorneys designated to represent the Debtors and
their hourly rates are:

     Mark Berkoff        Partner       $795
     Thomas Wolford      Partner       $635
     Nicholas Miller     Partner       $535
     Kevin Schneider     Associate     $430

Neal Gerber received an initial retainer from the Debtors in the
sum of $25,000.  The firm received payments totaling $926,780 made
within the 90 days prior to the petition date for pre-bankruptcy
services, including the preparation of the Debtors' cases.  The
firm currently holds a balance of $186,686.91 as an advance
payment.

Nicholas Miller, Esq., a partner at Neal Gerber, disclosed in a
court filing that his firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Miller disclosed that his firm has not agreed to any variations
from, or alternatives to, its standard or customary billing
arrangements; and that no Neal Gerber professional has varied his
rate based on the geographic location of the cases.

Mr. Miller also disclosed that the Debtors have already approved
the prospective budget for the firm's employment for the
post-petition period.

Neal Gerber can be reached through:

     Mark A. Berkoff, Esq.
     Nicholas M. Miller, Esq.
     Thomas C. Wolford, Esq.
     Neal, Gerber & Eisenberg LLP
     Two North LaSalle Street, Suite 1700
     Chicago, IL 60602
     Tel: (312) 269-8000
     Fax: (312) 269-1747
     Email: mberkoff@nge.com
     Email: nmiller@nge.com
     Email: twolford@nge.com

                        About Hobbico Inc.

Hobbico, Inc. -- https://www.hobbico.com/ -- is engaged in the
design, manufacturing, marketing and distribution of thousands of
hobby products including radio-control and general hobby products.
The company's merchandise includes a wide variety of radio-control
models from cars and boats to airplanes and helicopters.

Hobbico began in 1971 with just two people and now employs over 650
individuals in facilities that include its West Coast distribution
center in Reno, Nevada, facilities in Penrose, Colorado and Elk
Grove Village, Illinois and its corporate headquarters in
Champaign, Illinois.

Hobbico, Inc., along with its U.S. affiliates, sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 18-10055) on Jan. 10,
2018.  The petitions were signed by Tom S. O'Donoghue, Jr., chief
restructuring officer.

Hobbico estimated assets of $10 million to $50 million and debt of
$100 million to $500 million.

The Hon. Kevin Gross is the case judge.

The Debtors tapped Neal, Gerber & Eisenberg LLP as general
bankruptcy counsel; Morris, Nichols, Arsht & Tunnell LLP as local
bankruptcy counsel; Lincoln International LLC as investment banker;
and Keystone Consulting Group, LLC, and CR3 Partners, LLC, as
restructuring advisors.  JND Corporate Restructuring is the notice
and claims agent.


HOVNANIAN ENTERPRISES: BlackRock Has 8% of Shares as of Dec. 31
---------------------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, BlackRock, Inc. reported that as of Dec. 31, 2017, it
beneficially owns 10,521,695 shares of Class A common stock of
Hovnanian Enterprises Inc., constituting 8 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/CMAtUV

                 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.


HUBBARD GROUP: Taps Sands Anderson as Legal Counsel
---------------------------------------------------
The Hubbard Group, LLC, seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Virginia to hire Sands Anderson
PC as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.

The firm's hourly rates are:

     Roy M. Terry, Jr.     $430
     William Gray          $430
     John Smith            $345
     Paralegals            $195

Sands Anderson received a pre-bankruptcy retainer in the sum of
$25,000 from the Debtor.

Roy Terry, Jr., Esq., at Sands Anderson, disclosed in a court
filing that his firm does not represent or does not have
relationship with any of the Debtor's creditors.

Sands Anderson can be reached through:

     Roy M. Terry, Jr., Esq.
     William A. Gray, Esq.
     John C. Smith, Esq.
     Sands Anderson PC
     P.O. Box 1998
     Richmond, VA 23218-1998
     Tel: 804.648.1636
     E-mail: rterry@sandsanderson.com
             jsmith@sandsanderson.com
             bgray@sandsanderson.com

                   About The Hubbard Group

The Hubbard Group, LLC, is a single asset real estate company based
in Stafford, Virginia.  Hubbard Group sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Case No.
18-10073) on Jan. 7, 2018.  In the petition signed by Leticia C.
Mason, managing member, the Debtor estimated assets and liabilities
of $1 million to $10 million.  Judge Klinette H. Kindred presides
over the case.  Sands Anderson PC is the Debtor's counsel.




ILLINOIS STAR: Exclusive Plan Filing Period Extended Until March 2
------------------------------------------------------------------
Judge Laura K. Grandy of the U.S. Bankruptcy Court for the Southern
District of Illinois, at the behest of Illinois Star Centre, LLC,
has extended the exclusive period for filing a plan to and
including March 2, 2018, and the exclusive period for obtaining
acceptance of the plan is extended up to and including May 2,
2018.

The Troubled Company Reporter has previously reported that the
Debtor asked the Court to extend the exclusivity periods due to the
Debtor's pending negotiations with its tenants and ongoing
litigation with its largest potential creditor.

                   About Illinois Star Centre

Illinois Star Centre LLC owns the Illinois Star Centre Mall located
at 3000 W. Deyoung Street, Marion.  The mall, which is valued at
$5.5 million, offers more than 50 stores and restaurants and serves
the Southern Illinois Community with events that showcase local
talent.

Illinois Star Centre sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Ill. Case No. 17-30691) on May 4,
2017.  In the petition signed by Dennis D. Ballinger, Jr., its
managing member, the Debtor disclosed $5.6 million in assets and
zero liability.

The case is assigned to Judge Laura K. Grandy.  

Carmody MacDonald, P.C., is the Debtor's bankruptcy counsel, and
Hoffman Slocomb LLC, is its special counsel.

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


INNA DANCE: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Inna Dance Studio, Inc. as of
Jan. 26, according to a court docket.

                   About Inna Dance Studio Inc.

Inna Dance Studio, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 17-24219) on November
29, 2017.  Inna Maor, its president, signed the petition.

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

Judge John K. Olson presides over the case.  Van Horn Law Group,
P.A. is the Debtor's bankruptcy counsel.


INPIXON: Amends Prospectus on Proposed Units Sale
-------------------------------------------------
Inpixon filed with the Securities and Exchange Commission amendment
no. 1 to its Form S-1 registration statement relating to the
offering of a yet to be determined amount of Class A Units, with
each Class A Unit consisting of one share of its common stock, par
value $0.001 per share, and one warrant to purchase share of its
common stock.  Each share of common stock and Warrant that are part
of a Class A Unit are immediately separable and will be issued
separately in this offering.

The Company is also offering to those purchasers, if any, whose
purchase of Class A Units in this offering would otherwise result
in the purchaser, together with its affiliates and certain related
parties, beneficially owning more than 4.99% (or, at the election
of such purchaser, 9.99%) of its outstanding common stock
immediately following the consummation of this offering, or to
those purchasers that elect to purchase such securities in their
sole discretion, the opportunity, in lieu of purchasing Class A
Units, to purchase Class B Units.  Each Class B Unit will consist
of one share of the Company's newly designated Series 3 convertible
preferred stock with a stated value of $ and convertible
into shares of the Company's common stock, together with one
Warrant to purchase a number of shares of common stock as would
have been issued to such purchaser if such purchaser had purchased
Class A units based on the public offering price.  The shares of
Series 3 Preferred do not generally having any voting rights but
are convertible into shares of common stock.  The shares of Series
3 Preferred and Warrants that are part of a Class B Unit are
immediately separable and will be issued separately in this
offering.

On Jan. 22, 2018, the last reported sale price of the Company's
common stock was $0.39 per share.

Inpixon's common stock is listed on The NASDAQ Capital Market under
the symbol "INPX."  None of the Units, Series 3 Preferred or the
Warrants will be listed on any national securities exchange or
other trading market.  Without an active trading market, the
liquidity of these securities will be limited.

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

                       About Inpixon

Inpixon is a technology company that helps to secure, digitize and
optimize any premises with Indoor Positioning Analytics (IPA) for
Businesses and Governments in the connected world.  Inpixon Indoor
Positioning Analytics is based on radically new sensor technology
that finds all accessible cellular, Wi-Fi, Bluetooth and RFID
signals anonymously.  Paired with a high-performance, data
analytics platform, this technology delivers visibility, security
and business intelligence on any commercial or government premises
world-wide.  Inpixon's products, infrastructure solutions and
professional services group help customers take advantage of
mobile, big data, analytics and the Internet of Things (IoT).
Inpixon is headquartered in Palo Alto, California.

Inpixon reported a net loss of $27.50 million in 2016 following a
net loss of $11.72 million in 2015.  As of Sept. 30, 2017, Inpixon
had $35.20 million in total assets, $51.67 million in total
liabilities and a total stockholders' deficit of $16.46 million.

Marcum LLP, in New York, NY, issued a "going concern" opinion in
its report on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has recurring losses
from operations and expects to continue to have losses in the
foreseeable future.  These conditions raise substantial doubt about
its ability to continue as a going concern.


JW ALUMINUM: Moody's Assigns B3 CFR; Outlook Stable
---------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating
(CFR) and a B3-PD Probability of Default Rating (PDR) to JW
Aluminum Holding Corp., a privately owned company. In addition,
Moody's assigned a B3 rating to the company's proposed $300 million
senior secured notes. The proceeds from the senior secured notes
will be used to repay the existing first lien term loan and fund
the development plans at one of its manufacturing operations. The
ratings outlook is stable. This is the first time Moody's has rated
JW Aluminum Holding Corp.

Assignments:

Issuer: JW Aluminum Holding Corp.

-- Corporate Family Rating, Assigned B3;

-- Probability of Default Rating, Assigned B3-PD;

-- $300 million senior secured notes B3 (LGD4);

Outlook Actions:

Issuer: JW Aluminum Holding Corp.

-- Outlook, Assigned Stable

RATINGS RATIONALE

JW Aluminum's B3 corporate family rating reflects its small scale,
high leverage, weak debt protection metrics and high capital
requirements which will lead to negative free cash flow generation
over next few years. A flat rolled aluminum products producer, the
company sells into the building and construction, HVAC, packaging
and container and transportation markets and has a strong or
competitive market position in most of its product categories. The
company's largest market exposure is to the building and
construction and HVAC markets. JW also benefits from
well-established long-term customer relationships. While JW
Aluminum has four operating plants, its Mt. Holly plant is a
material contributor to volumes, revenues and earnings. The rating
is constrained by the company's limited production capacity, around
360MM/lbs annually, and exposure to operational concentration risks
given the limited number of operating sites, and its exposure to a
single commodity business in the cyclical aluminum sector.

Factored into the rating is the execution risk, arising from the
company's plans to modernize, or essentially rebuild one of its
operating sites in 2 phases. While phase 1 will contribute to lower
costs and more efficient operations, start-up is anticipated for
late 2020 and Moody's expect the intervening time frame to evidence
high leverage, in the range of 5x -- 6x, weak debt protection
metrics, and negative free cash flow given the increased strategic
capital spending. Moody's anticipates that JW Aluminum will
continue to benefit from increased activity and demand levels from
the ongoing recovery in the building & construction and HVAC
sector, with some potential incremental benefit should the
Department of Commerce reach a favorable final determination on the
preliminary antidumping determination on aluminum foil imports from
China. As a consequence, Moody's expect a moderate increase in its
EBITDA over next 12-18 months.

JW Aluminum is expected to maintain adequate liquidity through the
high capital spend period of plant construction phase as proceeds
from the new senior secured note issue will be used to fund capital
expenditures over the construction period. The company has
historically maintained very low levels of cash which could
increase its reliance on its ABL facility ($90 million) given that
negative free cash flow is anticipated through 2020. The company
could return to positive free cash flow in 2021.

The stable ratings outlook the company's operating results to
moderately improve over the next 12 to 18 months and reflects
Moody's expectation that industry conditions in the end markets
served will continue to depict favorable fundamentals. The outlook
also anticipates that no significant issues related to the
construction of the new facility will arise.

The B3 rating on the senior secured notes reflects their
preponderance of debt in the capital structure and expectations for
no borrowings under the ABL for the next twelve to eighteen months.
The rating on the notes also considers the pre-funding of the
capital investment and the collateral position improving as the
construction advances. The notes are guaranteed by the company's
wholly-owned domestic subsidiaries and are primarily secured by a
first-priority lien on the company's fixed assets. The notes have a
second lien on the assets securing the ABL.

JW Aluminum's small scale and strategic investment program limits
the upside potential in its rating. However, successful execution
of Phase I of construction and the resultant expansion in
production capacity and unit cost reduction would be positive for
the rating. Maintaining a leverage ratio below 5.0x, an interest
coverage ratio above 2x and being free cash flow generative could
create positive momentum in JW Aluminum's rating.

Negative rating pressure could develop if the company experiences
any significant issues related to its expansion projects. Any
material disruptions that result in weaker than expected operating
performance, or higher than anticipated negative free cash
generations that lead to heavy reliance on the ABL facility and
reduction in its ability to meet compliance covenants under its
credit agreement could result in a downgrade. The leverage ratio
being sustained above 5.5x or the interest coverage ratio
persisting below 1.0x could lead to a downgrade.

The principal methodology used in these ratings was Steel Industry
published in September 2017.

Headquartered in South Carolina, JW Aluminum produces rolled
aluminum products that serves the building and construction,
transportation, HVAC and packaging sector. The Company operates
four manufacturing facilities located in Mt. Holly, South Carolina;
Russellville, Arkansas; St. Louis, Missouri; and Williamsport,
Pennsylvania.


LAYNE CHRISTENSEN: BlackRock Has 6.1% Stake as of Dec. 31
---------------------------------------------------------
BlackRock, Inc. reported to the Securities and Exchange Commission
that as of Dec. 31, 2017, it beneficially owns 1,203,505 shares of
common stock of Layne Christensen Company, constituting 6.1 percent
of the shares outstanding.  A full-text copy of the regulatory
filing is available for free at https://is.gd/5n25As

                    About Layne Christensen Co.

Layne Christensen Company -- http://www.layne.com/-- is a global
water management and services company, with more than 130 years of
industry experience, providing solutions to address the world's
water, minerals and infrastructure challenges.  The company's
customers include government agencies, investor-owned utilities,
industrial companies, global mining companies, consulting
engineering firms, heavy civil construction contractors, oil and
gas companies, power companies and agribusiness.  Layne Christensen
operates on a geographically dispersed basis, with approximately 72
sales and operations offices located throughout North America,
South America, and through our affiliates in Latin America.  Layne
maintains executive offices at 1800 Hughes Landing Boulevard, Suite
800, The Woodlands, Texas 77380.

Layne Christensen reported a net loss of $52.23 million for the
year ended Jan. 31, 2017, a net loss of $44.80 million for the year
ended Jan. 31, 2016, and a net loss of $109.32 million for the year
ended Jan. 31, 2015.

As of Oct. 31, 2017, Layne Christensen had $389.47 million in total
assets, $335.43 million in total liabilities and $54.03 million in
total equity.

"With respect to our 4.25% Convertible Notes, we have retained
advisors to assist us in evaluating alternatives and raising
capital to refinance or extend our debt to a date beyond October
15, 2019, and eliminate the accelerating maturity provisions of the
8.0% Convertible Notes.  We believe the refinance or extension of
our debt is likely based on current on-going discussions with
existing and new potential lenders, our improving financial
performance and credit quality, and the fact that our stock price
is above the $11.70 conversion price for the 8% Convertible Notes.
Although we believe these refinancing options are viable and
likely, because our plans to refinance or restructure our debt have
not been finalized, and therefore are not in our control (in part,
due to the fact that neither of our Convertible Notes can be
prepaid or have redemption provisions prior to February 2018),
these plans are not considered probable under the new standard.
Consequently, per the standard, these conditions, in the aggregate,
raise substantial doubt about our ability to continue as a going
concern within one year after the date these financial statements
are filed," said the Company in its quarterly report for the period
ended Oct. 31, 2017.


LBM BORROWER: Moody's Alters Outlook to Pos. & Affirms B3 CFR
-------------------------------------------------------------
Moody's Investors Service changed the rating outlook for LBM
Borrower, LLC ("US LBM") to positive from stable. In the same
rating action, Moody's affirmed the company's B3 Corporate Family
Rating ("CFR"), its B3-PD Probability of Default Rating ("PDR"),
the B3 rating on the company's $850 million outstanding first lien
senior secured term loan due 2022, and the Caa2 rating on its $220
million second lien senior secured term loan due 2023, and assigned
an SGL-3 Speculative Grade Liquidity Rating.

The change in rating outlook to positive from stable reflects US
LBM's expansion in scale and broad geographic presence achieved
organically and through acquisitions over the years, its improved
operating efficiencies as a broad-based building products
distributor, and Moody's expectation that over the next 12 to 18
months the company will generate improving free cash flow and
de-lever through earnings growth below 5.0x Moody's-adjusted debt
to EBITDA. Moody's estimate the company's current leverage to stand
around mid 5.0x and EBITDA less capex to interest coverage at 1.9x
pro forma for acquisitions and for the contemplated repricing of
first lien debt. Moody's expects that over the next 12 to 18 months
US LBM will sustain its organic growth (that averaged at 7% over
the recent years) as well as maintain its 7% EBITDA margin, which
has modestly improved from a few years ago. The company will
continue to pursue its growth through acquisitions strategy,
however, Moody's expect the pace to be less aggressive with reduced
reliance on its revolving credit facility.

The following rating actions have been taken:

Issuer: LBM Borrower, LLC:

The rating outlook, changed to positive from stable;

Corporate Family Rating, affirmed at B3;

Probability of Default Rating, affirmed at B3-PD;

$850 million outstanding first lien senior secured term loan due
2022, affirmed at B3 (LGD4);

$220 million second lien senior secured term loan due 2023,
affirmed at Caa2 (LGD5);

Speculative Grade Liquidity Rating, assigned SGL-3.

RATINGS RATIONALE

US LBM's B3 Corporate Family Rating reflects 1) the company's
leveraged capital structure, 2) a history of aggressive debt-funded
acquisition strategy and the associated integration risks, 3)
highly cyclical residential construction end markets, thin margins
inherent to distributors, and weak free cash flow generation that
persisted due to fast pace of acquisitions, and 4) long term risks
associated with potential shareholder-friendly actions given the
private equity ownership of the company. US LBM's rating is
supported by 1) the favorable conditions across the homebuilding
industry, from which the company derives a meaningful proportion
(63%) of its total revenues, repair and remodeling market,
accounting for 22% of revenues, and commercial construction (12% of
revenues), 2) the company's good market positions within various
geographic regions it operates in allowing it to compete
successfully in a fragmented industry that predominately consists
of smaller independent distributors, 3) its diverse product mix of
specialty building materials, and 4) a track record of strong
revenue scale improvements and expansion in geographic footprint,
accomplished organically and through acquisitions.

The SGL-3 Speculative Grade Liquidity Rating reflects US LBM's
adequate liquidity profile, supported by the flexibility under the
springing covenant in its $275 million ABL credit agreement, and
the recently improving free cash flow generation and revolver
availability as a result of the reduced pace of acquisitions.
However, Moody's note that the company's aggressive pace of
acquisitions has resulted in weak free cash flow generation and
reduced revolver availability in the past.

The ratings could be upgraded if the company successfully completes
integration of the acquired businesses, demonstrates a track record
of earnings generation through organic growth and acquisitions that
results in debt to EBITDA sustained below 5.0x, generates positive
free cash flow and revenues above $2.5 billion, and maintains a
solid liquidity profile.

The ratings could be pressured downward if the company's end
markets weaken and cause revenues to decline, if debt level
increases either as a result of on-going acquisitions or a
meaningful dividend distribution without an offsetting increase in
earnings, or if the acquired businesses do not perform up to
expectations. The ratings could also be downgraded if the company's
liquidity were to deteriorate.

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in December 2015.

US LBM, founded in 2009 and headquartered in Buffalo Grove, IL, is
a specialty building materials distributor, with 237 operating
locations across 29 states, primarily serving custom homebuilders,
remodelers, and specialty contractors. Since August 2015, US LBM
has been owned by Kelso & Company. As of the last twelve months
ending September 30, 2017, US LBM generated approximately $3.06
billion in pro forma revenues.


LECTRUS CORPORATION: Committee Taps Husch Blackwell as Counsel
--------------------------------------------------------------
The official committee of unsecured creditors of Lectrus
Corporation seeks approval from the U.S. Bankruptcy Court for the
Eastern District of Tennessee to hire Husch Blackwell LLP as its
legal counsel.

The firm will advise the committee regarding its duties under the
Bankruptcy Code; assist the committee in analyzing any financing
proposed by Lectrus and its affiliates; review claims of creditors;
assist the committee in analyzing the terms of any proposed sale or
plan of reorganization; and provide other legal services related to
the Debtors' cases.

The attorneys and paraprofessionals who will be representing the
committee and their hourly rates are:

     Stephen Lemmon       Partner            $550
     Rhonda Mates         Partner            $425
     Caleb Holzaepfel     Associate          $230
     Ryan Burgett         Associate          $230
    
                     Paraprofessionals   $175 – $250

Husch Blackwell is a "disinterested person" as defined in Section
101(14) of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Stephen W. Lemmon, Esq.
     Husch Blackwell LLP
     111 Congress Avenue, Suite 1400
     Austin, TX  78701-4093
     Tel: 512.479.1148 / 512.472.5456
     Fax: 512.479.1101 / 512.479.1101
     E-mail: stephen.lemmon@huschblackwell.com

                     About Lectrus Corporation

Based in Chattanooga, Tennessee, Lectrus Corporation --
http://www.lectrus.com/-- designs and manufactures custom metal
enclosures and electrical and mechanical integration serving the
power, oil and gas, renewable energy, industrial, water and
wastewater, transportation, military, mining, data centers,
institutional, and commercial markets. The company has two
manufacturing facilities located in North America.

Lectrus Corp. and parent Lectrus Holding Corporation sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.
Tex. Lead Case No. 17-15588) on Dec. 7, 2017. James P. Beers,
vice-president of finance, signed the petitions.

At the time of the filing, Lectrus disclosed assets of $13.34
million and liabilities of $35.26 million. Lectrus Holding
disclosed zero assets and liabilities totaling $20.55 million.

Judge Nicholas W. Whittenburg presides over the cases.

The Debtors tapped Baker, Donelson, Bearman, Caldwell & Berkowitz,
PC, as counsel; and Livingstone Partners LLC, as investment
banker.

The U.S. Trustee for Region 8 appointed an official committee of
unsecured creditors' in the Debtors' cases.


LEGAL COVERAGE: Case Summary & 15 Top Unsecured Creditors
---------------------------------------------------------
Debtor: The Legal Coverage Group Ltd.
           aka LCG, Ltd.
        50 Monument Road
        Bala Cynwyd, PA 19004

Type of Business: The Legal Coverage Group Ltd. aka LCG, Ltd. is a
                  Pennsylvania Subchapter S corporation.
                  LCG, Ltd., the exclusive provider of HELP Legal
                  Plan, was founded in 1995 with the singular goal
                  of modernizing and ultimately perfecting the
                  concept of the employee legal plan.
                  Headquartered in the suburbs of Philadelphia,
                  Pennsylvania, HELP is a privately held employee
                  legal plan servicing worksites of all sizes and
                  industries on a regional and national level,
                  while maintaining the industry's highest rates
                  of retention through unparalleled, unlimited,
                  and fully comprehensive benefits services
                  provided by only partner level attorneys.  Visit
                  http://www.lcgltd.comfor more information.

Chapter 11 Petition Date: January 26, 2018

Case No.: 18-10494

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Jean K. FitzSimon

Debtor's Counsel: Anne M. Aaronson, Esq.
                  DILWORTH PAXSON LLP
                  1500 Market Street, Suite 3500E
                  Philadelphia, PA 19102
                  Tel: 215 - 575-7000
                  Fax: 215-575-7000
                  E-mail: aaaronson@dilworthlaw.com

                    - and -

                  Lawrence G. McMichael, Esq.
                  DILWORTH PAXSON LLP
                  1500 Market Street, Suite 3500E
                  Philadelphia, PA 19102
                  Tel: (215) 575-7000
                  Fax: 215-575-7200
                  E-mail: lmcmichael@dilworthlaw.com

Estimated Assets: $100 million to $500 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Gary A. Frank, CEO.

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

               http://bankrupt.com/misc/paeb18-10494.pdf

List of Debtor's 15 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Phil Seefried                          Loan            $1,100,000
9151 East Harvard Avenue
Denver, CO 80231

George Croner                          Loan              $925,000
35 Steeplechase Drive
Holland, PA 18966

Michel's Bakery                        Loan              $550,000
5698 Rising Sun Avenue
Philadelphia, PA 19120

Michael Zion                           Loan              $316,250
15 Bridle Lane
Blue Bell, PA 19422

Harris, St. Laurent & Chadhry LLP   Professional          $59,677
40 Wall Street, 53rd Floor           Services
New York, NY 100005

AmTrust North America                Trade Debt            $3,564
800 Superior Avenue E.
Cleveland, OH 44114

Windstream                           Trade Debt            $1,096
Attn: Customer Care
P.O. Box 3177
Cedar Rapids, IA 52406-3177

RELX Inc. DBA LexisNexis             Trade Debt              $362
PO Box 9584
New York, NY 10087-4584

Comcast                              Trade Debt              $286
PO Box 3001
Southeastern, PA 19389-3001

Verizon                              Trade Debt              $167
500 Technology Drive, Suite 550
Weldon Spring, MO 63304

Infinite Conferencing                Trade Debt               $51
PO Box 836
Short Hills, NJ 07078

Nationwide Mutual Insurance Co.       Insurance
One Nationwide Plaza
Columbus, OH 43215

John Hancock Funds LLC                Insurance
601 Congress Street
Boston, MA 02210

Smart IP
66 Nuggett Court
Brampton, ON L6T 5A9

University City Housing
3418 Sansom Street
Philadelphia, PA 19104


LEVI STRAUSS: Fitch Affirms BB IDR & Revises Outlook to Positive
----------------------------------------------------------------
Fitch Ratings has affirmed the ratings for Levi Strauss & Co.,
including the Issuer Default Rating (IDR) at 'BB'. The Rating
Outlook has been revised to Positive from Stable. Levi had USD1.1
billion of debt outstanding as of Aug. 27, 2017.  

The ratings reflect Levi's strong brand, market share and operating
initiatives, which should collectively drive low- to mid-single
digit annual EBITDA growth over the next 24-36 months. Fitch
expects leverage to trend in the low to mid 3x range (3.4x on a TTM
basis as of 3Q 2017), assuming flat debt levels. The ratings also
recognize the secular challenges in the mid-tier apparel industry,
mitigated somewhat by Levi's geographic diversity, minimal fashion
exposure, and presence across a wide spectrum of distribution
channels. The Positive Outlook reflects the combination of Levi's
improved topline results and completion of its multi-year Global
Productivity Initiative, which could result in Levi adopting a more
articulated financial policy and increase Fitch's confidence in
leverage sustaining near or below current levels. The Outlook could
be stabilized if the company's operations weaken or if the company
executes a debt-financed transaction which results in leverage
sustaining above 3.5x; a downgrade could result if leverage is
sustained over 4.0x.

KEY RATING DRIVERS

Stabilized Top Line: Levi has produced stable-to-improving top line
results, with 3% growth recorded in 2016 (ended November 2016),
following 1% growth in 2015 and 3% growth in 2014 (all figures
constant currency basis). Constant currency revenue growth has
accelerated in the first nine months of 2017 to 6%, driven by 18%
growth in Europe (approximately 26% of sales) as the company
expands its retail footprint. Constant currency growth in the
Americas (around 57% of sales) and Asia (around 17% of sales) was
2% in the same period. Fitch expects around 5% revenue growth in
2017 and around 2% annual revenue growth beginning in 2018.

Levi's modestly positive constant currency growth over the past
four to five years is evidence of the company's somewhat resilient
business model in the face of apparel industry volatility,
particularly for U.S. brick-and-mortar mid-tier apparel retailers.
The company's product portfolio is primarily basic denim product,
which is more replenishment-oriented and relatively less
susceptible to significant fashion trends over time. The company is
also broadly distributed across retail channels, including
department store and specialty, but also general
merchandise/discount and online; thus Levi is somewhat agnostic to
the impact of shifts in shopping channels.

Management has outlined three strategic initiatives that should
support Fitch's expectation of low single digit positive sales
growth over time, despite Levi's somewhat mature business profile.
The first is to drive the profitable core businesses and brands
through product innovation and strengthened customer relationships.
The core businesses are the Levi's men's bottoms business globally,
the Dockers brand in the U.S. and key global wholesale accounts,
such as Wal-Mart Stores Inc. (AA/Stable) and J. C. Penney Co., Inc.
(B+/Stable).

The second initiative is to expand Levi's presence in
less-penetrated product categories and markets. Businesses to
expand include men's tops and outerwear, women's, and key emerging
markets such as Russia, India and China. Levi's women's line Revel
supported growth in recent years, especially in key emerging
markets.

Finally, Levi plans to grow its company-owned and omnichannel
presence. The company's owned retail stores and online channel
accounted for 28% of sales in 2016, with multibrand retailers and
franchised Levi's locations accounting for the remaining 72%.
Direct-to-consumer online sales were around 3% of total company
sales. Levi plans to grow its company-owned and online penetration
rates through retail unit expansion and investments in its
e-commerce operations to improve the online customer experience and
functionality.

Improving EBITDA Story: Fitch expects 3%-4% annual EBITDA growth
beginning in fiscal 2018 from the projected USD590 million in
fiscal 2017, predicated on modest sales growth, fixed-cost leverage
and a continued focus on expense management.

Levi is completing a multiyear cost-reduction program originally
announced in 2014. Fitch projects this program will benefit EBITDA
by around USD150 million net of reinvestments through fiscal 2017.
Reported EBITDA, however, has trended near USD600 million over the
past four years due to the negative impact of the strong U.S.
dollar. Despite the completion of the company's cost-reduction
program in fiscal 2017, Fitch expects Levi to continue to examine
its cost structure for efficiency opportunities. Ongoing expense
management and modest topline growth provides Levi the ability to
continue growth investments and gain market share over time.

Evolving Financial Policy: Levi ended 2016 with leverage at 3.5x,
significantly lower than the recent peak of 5.3x in 2011. While
some of the improvement was due to EBITDA growth, the company also
directed FCF toward debt paydown, reducing debt around 50% to
USD1.1 billion beginning 2012 through the end of 2016. Given its
improved credit profile and lower debt, Fitch expects minimal debt
reduction from current levels. With around USD200 million in
projected annual FCF, Levi has increased optionality around use of
FCF for growth investments, including tuck-in acquisitions. Fitch
currently expects leverage to modestly decline to 3.4x in 2017 on
EBITDA growth and further decline to around 3.2x over the next
three years on higher EBITDA, assuming flattish debt levels.

The company has not articulated a formal financial policy, likely
due to its focus on cost management and debt reduction in recent
years. With its cost reduction program ending in 2017 and Fitch's
expectation that Levi will not focus FCF deployment toward further
debt reduction, Levi may be more willing to publicly provide a
capital framework that includes strategies around FCF deployment,
M&A and targeted leverage metrics. A public financial policy which
increases Fitch's confidence in leverage remaining below 3.5x
alongside expectations of low single digit growth in constant
currency and EBITDA could yield positive rating action.

RECOVERY CONSIDERATIONS

Fitch does not employ a waterfall recovery analysis for issuers
assigned 'BB'. The further up the speculative grade continuum a
rating moves, the more compressed the notching between the specific
classes of issuances becomes.
Fitch assigned a 'BBB-'/'RR1' rating to the senior secured
revolver, indicating outstanding recovery prospects (91%-100%) in
the event of default. The unsecured eurobonds and senior notes are
expected to have average recovery prospects (31%-50%) and are rated
'BB'/'RR4'.

DERIVATION SUMMARY

Levi's 'BB' ratings reflect the company's position as one of the
world's largest branded apparel manufacturers, with broad channel
and geographic exposure, while also considering the company's
somewhat narrow focus on menswear and the denim category. The
company benefits from its broad distribution across department
stores, specialty, mass, and discount in addition to
self-distribution (around 28% of sales are generated from
company-operated stores and its online presence). The company's
margin and leverage profile improved in recent years from a focus
on expense management and more stable constant currency revenue
growth, somewhat mitigated by the negative impact of the
strengthening U.S. dollar.

Levi's leverage is similar to The Gap Inc. and L Brands, Inc. (both
rated BB+/Stable). Levi is somewhat focused on the denim category
compared with Gap's broader product assortment, but, Levi has a
more diverse channel and geographic exposure. Levi's leverage has
historically exceeded that of Gap and only recently has improved
leverage to the mid-3.0x range on EBITDA improvement and debt
reduction. L Brands has historically been a strong operator, but
its commitment to returning cash to shareholders via equity
buybacks and dividends has restricted the rating.

KEY ASSUMPTIONS

Fitch's key assumptions within Fitch rating case for Levi include:
-- Annual revenues on a constant currency basis grow at around 2%

    beginning 2018 after around 5% growth in 2017;
-- EBITDA improves in 2017 to around USD600 million from USD580
    million in 2016 on revenue growth, and towards the mid-USD600
    million range beginning 2018;
-- Free cash flow (FCF) of USD200 million annually starting in
    2017 after dividends of approximately USD70 million;
-- Adjusted leverage could trend from 3.5x in 2016 to 3.4x in
    2017 on EBITDA growth and toward 3.2x thereafter on continued
    EBITDA expansion, assuming no further debt paydown and barring

    any debt financed acquisitions.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action

A positive rating action would be considered if Levi sustained low
single digit increases in constant currency revenue and EBITDA,
coupled with a publicly articulated financial policy, which
increases Fitch's confidence in leverage sustaining under 3.5x.

Fitch could stabilize Levi's outlook if Levi's EBITDA fell to the
low to mid USD500 million range, yielding leverage sustained over
3.5x. Debt-financed special dividends or a leveraging transaction
such that leverage would be expected to sustain over 3.5x could
also cause a stabilization to the outlook.

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action

A negative rating action would be considered if topline weakness
and increased marketing/promotion investments drive EBITDA to the
mid-USD400 million range, resulting in sustained adjusted
debt/EBITDAR over 4.0x.

LIQUIDITY

Liquidity remains strong, with approximately USD491 million of
available cash on hand and USD681 million of revolver availability
at Aug. 27, 2017. Fitch projects annual FCF after dividends to
hover around USD200 million through 2020.

The USD850 million revolving credit facility is secured by U.S. and
Canadian inventories, receivables and the U.S. Levi trademark, and
benefits from upstream guarantees from the domestic operating
companies.

The company amended its credit facility in May 2017, extending the
maturity through March 2022. The interest rate for borrowings under
the credit facility was reduced to LIBOR plus 125bps-175bps from
LIBOR plus 125bps-200bps, depending on borrowing base availability.
The range of the rate for undrawn availability was reduced to 20bps
from 25bps-30bps, depending on the company's credit ratings.

Availability is subject to a borrowing base, essentially defined as
95% of credit card receivables, plus 85% of net eligible accounts
receivable, plus 50% of raw materials inventory, plus 95% of
finished goods inventory, plus 100% of cash in the collateral
account and the U.S. Levi trademark. The borrowing base totaled
USD726 million as of Aug. 27, 2017, which left net availability of
USD681 million after netting USD45 million for LOC.

In April 2017, Levi issued EUR475 million of privately placed
3.375% senior unsecured notes due 2027. Net proceeds, together with
cash on hand, were used to repay the company's USD525 million of
6.875% notes due 2022. Following the refinancing, Levi's next
maturity is USD500 million of unsecured notes due 2025.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

Levi Strauss & Co.
-- Issuer Default Rating at 'BB';
-- USD850 million secured revolving credit facility at 'BBB-
    '/'RR1';
-- Senior unsecured notes at 'BB'/'RR4'.

The Rating Outlook has been revised to Positive from Stable.


LINCOLN ENTERPRISE: Case Summary & 2 Unsecured Creditors
--------------------------------------------------------
Debtor: Lincoln Enterprise, LLC
        210-71st Street, Suite 309
        Miami Beach, FL 33141

Business Description: Lincoln Enterprise, LLC, is a privately held
                      Florida limited liability company whose
                      principal assets are located at 226 Lincoln
                      Road Miami Beach, FL 33139.  The company is
                      equally owned by Joseph Cohen and LED Trust,
                      LLC.

Chapter 11 Petition Date: January 25, 2018

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

Case No.: 18-10939

Judge: Hon. Laurel M Isicoff

Debtor's Counsel: Michael S Hoffman, Esq.
                  HOFFMAN, LARIN & AGNETTI, P.A.
                  909 North Miami Beach Blvd #201
                  Miami, FL 33162
                  Tel: (305) 653-5555
                  E-mail: Mshoffman@hlalaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Haim Yehezkel, managing member of LED
Trust, LLC.

A copy of the petition, containing a list of the Debtor's two
unsecured creditors, is available for free at:

         http://bankrupt.com/misc/flsb18-10939.pdf


LOANCORE CAPITAL: Moody's Confirms B1 CFR; Outlook Negative
-----------------------------------------------------------
Moody's Investors Service has confirmed LoanCore Capital Markets
LLC's (LCM) B1 corporate family rating (CFR) and B1 senior
unsecured rating. The outlook is changed to negative from rating
under review.

This action concludes the review for downgrade initiated on
November 8, 2017.

RATINGS RATIONALE

Moody's confirmation of LCM's ratings with negative outlook
reflects the firm's developing business strategy that focuses on
the retention of the junior tranches, the "B-pieces", of the loan
securitizations the firm sponsors. As LCM's loan origination
operations continue to grow, its holdings of risk retention
rule-compliant B-pieces -- the most subordinate and "first loss"
class -- will also increase, resulting in a weaker credit profile.
Partially mitigating the increased risk from holding the B-pieces
is LCM's capitalization, which remains within the tolerance level
set for its B1 rating, despite a reduction from historical levels.
Moody's will continue to monitor LCM's operating performance -
including profitability, capitalization, funding, underwriting
standards - and measure the implications on the firm's credit
profile.

In November 2017, LCM's equity contribution commitment from its
owners was reduced by $160 million, from $560 million to $400
million. Although LCM's capital base of $160 million of retained
earnings remains intact, the capital commitments - which LCM can
call on from its owners - has been reduced to an amount up to $240
million, down from $400 million. The reduction in the amount of
capital commitments is credit negative and weakens the firm's
funding profile.

LCM has modest positioning in the commercial real estate lending
space, having only a brief operating history dating to 2011. The
firm's leverage, while low, has increased and it is highly reliant
on wholesale funding, which encumbers earning assets. LCM's
profitability has been solid with no credit losses to date.
However, Moody's note that given that LCM was founded in 2011, it
had no legacy assets from before the credit crisis. It also has
been operating amidst generally favorable market conditions over
its short operating history. The firm's earnings can exhibit some
degree of volatility stemming from securitization gains.

A rating upgrade is unlikely, given that the ratings are on
negative outlook. The outlook could be stabilized if Moody's comes
to believe that LCM's lower capital levels would be adequate for
its future business needs, incorporating the new risk retention
rules.

LCM's ratings could be downgraded if Moody's determines that LCM's
planned reduction in capitalization, in conjunction with increased
holdings amounts of B-piece securities in connection with the risk
retention rules, would weaken its credit profile.

The principal methodology used in these ratings was Finance
Companies published in December 2016.


LOOKIN UP: Taps Florin Roebig as Special Counsel
------------------------------------------------
Lookin Up Enterprises, Inc., seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to hire Florin
Roebig, P.A. as its special counsel.

The firm will assist the Debtor in pursuing a claim for damages
against the City of St. Petersburg for loss of income resulting
from the city's release of sewage into Tampa Bay.

The Debtor has agreed to pay Florin Roebig from any gross recovery
these fees:

  (1) 33 1/3% of any gross recovery of up to $1 million from the
time of execution of their personal injury contract until the time
of filing of an answer or until a demand for appointment of
arbitrators, or if liability is admitted, until the time an answer
admitting liability is filed;

  (2) 40% of any gross recovery of up to $1 million from the time
an answer is filed through the trial of the case;

  (3) 30% of that portion of the gross recovery, which is between
$1 million to $2 million unless liability is admitted at the time
an answer is filed in which case 20% of such portion of the gross
recovery;

  (4) 20% of that portion of the gross recovery, which is in excess
of $2 million unless liability is admitted at the time an answer is
filed in which case 15% of such portion of the gross recovery; and

  (5) 5% of each gross recovery in addition to the fee schedule if
an appeal is necessary.

If no recovery is made, the Debtor is not obligated to pay fees or
costs to the firm.

The firm can be reached through:

        Michael Walker, Esq.
        Florin Roebig, P.A.
        777 Alderman Road
        Palm Harbor, FL 34683-2604
        Tel: 727-786-5000
        E-mail: Mwalker@FlorinRoebig.com

                    About Lookin Up Enterprises

Lookin Up Enterprises Inc. is a boat club and rental business which
delivers medium sized power boats to renters and members alike in a
unique format and pricing structure.  Based in St. Petersburg,
Florida, Lookin Up filed a Chapter 11 petition (Bankr. M.D. Fla.
Case No. 17-08036) on Sept. 18, 2017.  At the time of filing, the
Debtor estimated $50,001 to $100,000 in assets and $500,001 to $1
million in liabilities.  The Debtor's counsel is Buddy D Ford,
Esq., at Buddy D. Ford P.A.


LSB INDUSTRIES: BlackRock Inc. Has 9.2% Equity Stake
----------------------------------------------------
BlackRock, Inc. disclosed in a Schedule 13G/A filed with the
Securities and Exchange Commission that as of Dec. 31, 2017, it
beneficially owns 2,606,250 shares of common stock of LSB
Industries, Inc., constituting 9.2 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/pPvJfM

                   About LSB Industries, Inc.

Headquartered in Oklahoma City, Oklahoma, LSB Industries, Inc. --
http://www.lsbindustries.com/-- manufactures and sells chemical
products for the agricultural, mining, and industrial markets.  The
Company owns and operates facilities in Cherokee, Alabama, El
Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a
global chemical company in Baytown, Texas.  LSB's products are sold
through distributors and directly to end customers throughout the
United States.

LSB reported net income attributable to common stockholders of
$64.76 million for the year ended Dec. 31, 2016, compared to a net
loss attributable to common stockholders of $38.03 million in 2015.
As of Sept. 30, 2017, LSB Industries had $1.19 billion in total
assets, $582.54 million in total liabilities, $167.1 million in
redeemable preferred stocks and $445.2 million in total
stockholders' equity.

                           *    *    *

In November 2017, S&P Global Ratings affirmed its 'CCC' corporate
credit rating on Oklahoma City-based LSB Industries Inc.  S&P said
the company continues to experience operational issues at both its
El Dorado and Pryor plants, and although the company has shown
improved operating results thus far in 2017, S&P still views
leverage metrics to be at unsustainable levels for the next year.

In November 2016, Moody's Investors Service downgraded LSB's
corporate family rating (CFR) to 'Caa1' from 'B3', its probability
of default rating to 'Caa1-PD' from 'B3-PD', and the $375 million
guaranteed senior secured notes to 'Caa1' from 'B3'.  LSB's 'Caa1'
CFR rating reflects Moody's expectations that the combined
uncertainty over operational reliability and the compressed
margins, resulting from the low nitrogen fertilizer pricing
environment, could result in continued weak financial metrics for a
protracted period.


LUCID ENERGY: S&P Assigns 'B+' Corp. Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings assigned its 'B+' long-term corporate credit
rating to Dallas, Texas-based and privately held natural gas
gathering and processing midstream company Lucid Energy Group II
Holdings LLC. The outlook is stable.

S&P said, "At the same time, S&P Global Ratings assigned its 'BB-'
issue-level rating and '2' rating to parent Lucid Energy Group II
Borrower LLC's (LEG II Borrower) $900 million senior secured
first-lien term loan due 2025. The '2' recovery rating indicates
lenders can expect substantial (70%-90%; rounded estimate 70%)
recovery in a default scenario.

"Our rating on Lucid reflects the volumetric risk inherent in the
operations, lack of geographic diversity (with operations in only
one basin), a relatively small scale of operations, and a highly
leveraged capital structure. The Permian Basin's favorable
economics; long-term fixed-fee contracts with a diverse group of
well-capitalized, investment-grade counterparties; and the credit
facilities project finance-style structure and excess cash flow
sweep, which accelerates the deleveraging efforts, partially offset
these credit risks.

"The stable outlook reflects our view that Lucid Energy Group II
Holdings LLC will execute the expansion of its gas gathering and
processing infrastructure in the cost-competitive Northern Delaware
basin. We expect volume throughput on the system to expand from
increased drilling on the dedicated acreage and expansion projects
on the company's South Carlsbad system. We expect any additional
volumes will continue to be supported by long-term fixed-fee
contracts. Under our base-case scenario, we are expecting
debt-to-EBITDA to decline to 4.5x-5.5x in 2018 mainly driven by the
improving cash flows from increased throughput volumes on the
system from commissioning of projects under development and
increased drilling on the company's dedicated acreage.

"We could raise the rating if we see an increase in the scale and
scope of the operations via increased throughput volumes on the
system, which could come from new contracts or expansion projects.
Improved diversity by commodity-type and geography would also help
improve scale and scope. We could also consider raising the rating
if we saw a decline in commodity-sensitive cash flow below current
15% levels. In addition, we could consider raising the rating if
the company consistently maintains debt-to-EBITDA below 4x.

"We could consider lowering the rating if we expect debt-to-EBITDA
to stay above 5x by 2019, which would likely be due to
lower-than-expected volumes on the system or increased levels of
debt to finance the expansion projects. In addition, if we believe
lower-than-anticipated volumes or higher operating or capital
spending prolongs the time when the company becomes cash flow
positive, we might lower the rating."


LUKE'S LOCKER: Plan Filing Deadline Moved to Feb. 20
----------------------------------------------------
Judge Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas, upon the fourth motion filed by Luke's
Locker Incorporated, 2L Austin, LLC and The Quality Lifestyle I,
Ltd., has extended the deadline by which the Debtors may
exclusively file a plan of reorganization until Feb. 20, 2018, and
the deadline for approving the plan of reorganization until April
23, 2018.

The Troubled Company Reporter has previously reported that the
Debtors sought for an additional 60-day extension of the exclusive
deadline to file a chapter 11 plan, as well as the exclusive
deadline to confirm said plan.

The Debtors believed that the additional time requested will allow
them to better project the future profitability of their remaining
stores, which will aid in framing a chapter 11 plan or moving
forward with a potential sale. The Debtors claimed that creditors
will also benefit from the requested extension because, by
obtaining a better understanding of the Debtors' future prospects,
the Debtors will be better able to ensure that any plan or sale
they propose will be feasible and will maximize the payment to all
of its creditors.

The Debtors related that before filing for bankruptcy protection,
they operated retail stores throughout Texas, known as Luke's
Locker.  After the bankruptcy filing, the Debtors permanently
closed their Austin, Highland Village, Houston, Katy, Woodlands,
Southlake, and Plano stores and ultimately rejected the store
leases associated with those closed locations.

The Debtors related that they have also closed their corporate
office and rejected their central distribution warehouse lease. The
Debtors currently intended to continue operating only their Dallas
and Fort Worth stores.

The Debtors mentioned that since the filing of their bankruptcy
case, the Debtors and their restructuring team have implemented
significant changes to the way the Debtors manage and operate their
business. These changes have drastically improved the efficiency of
the Debtors' business and the Debtors' profitability. However, the
Debtors' pre-petition store closings and bankruptcy filing were
highly publicized, and while the Debtors' sales and operations are
recovering, the Debtors expected that it will take additional time
before the Debtors' reputation recovers from the stigma associated
with the pre-petition and post-petition store closings and
bankruptcy filing and for their operations and sales to stabilize.

The Debtors expected to be able to better ascertain the
profitability of their stores and have a better idea of what amount
will be available to pay creditors from future projected operations
under a plan of reorganization or a potential sale of assets over
the next 60 days. The Debtors have been working a dual-path
approach by engaging in discussions with potential purchasers for a
sale of their businesses in addition to formulating a potential
plan of reorganization.

The Debtors' management has been working with counsel to move this
matter expeditiously. The Debtors have made three prior requests
for extension of exclusivity, and the current exclusivity expires
on December 22, 2017. The Debtors believed that this extension will
give them the ability to structure a plan that is in the best
interest of the creditors, the estates, and the Debtors.

                About Luke's Locker Incorporated

Luke's Locker Incorporated, owner of Luke's Locker fitness and
running stores in Texas, and its affiliates sought Chapter 11
protection (Bankr. E.D. Tex. Lead Case No. 17-40126) on Jan. 24,
2017.  The petitions were signed by Matthew Lucas, president and
CEO.  The cases are assigned to Judge Brenda T. Rhoades.

Melissa S. Hayward, Esq., at Franklin Hayward LLP, in Dallas,
serves as the Debtors' counsel.  Joseph Sullivan serves as chief
restructuring officer.  The Debtor tapped Rosen Systems, Inc. to
sell surplus assets by auction.

Luke's Locker estimated $1 million to $10 million in assets and
liabilities.

No trustee or examiner has been appointed in the Debtors' cases.


MADEESMA INTERNATIONAL: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Madeesma International Funding
Group LLC as of Jan. 26, according to a court docket.

               About Madeesma International Funding

Madeesma International Funding Group LLC is an affiliate of
Madeesma Investment Group LLC, which sought bankruptcy protection
on Dec. 4, 2017 (Bankr. S.D. Fla. Case No. 17-24490).  Its
principal assets are located at 3439 SW 65 Avenue, Miami, Florida.

Madeesma International sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 17-24695) on December
11, 2017.  Osmany Linares, its manager, signed the petition.

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

The Hon. Laurel M. Isicoff presides over the case.  Joel M. Aresty
P.A. is the Debtor's bankruptcy counsel.


MADEESMA INVESTMENT: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Madeesma Investment Group LLC
as of Jan. 26, according to a court docket.

              About Madeesma Investment Group LLC

Based in Miami, Florida, Madeesma Investment Group LLC is an
investment company founded in 2010.

Madeesma Investment Group sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 17-24490) on December 4,
2017.  Osmany Linares, manager, signed the petition.  

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

Judge Robert A. Mark presides over the case.  Joel M. Aresty P.A.
is the Debtor's bankruptcy counsel.


MAMMOET-STARNETH: Taps Rust Consulting as Balloting Agent
---------------------------------------------------------
Mammoet-Starneth LLC seeks approval from the U.S. Bankruptcy Court
for the District of Delaware to hire Rust Consulting/Omni
Bankruptcy as balloting agent.

The firm will provide all services related to the solicitation of
votes on the Debtor's proposed Chapter 11 plan of liquidation,
which include the preparation of voting reports, tabulation of
votes and providing testimony at the hearing to confirm the plan.

Rust Consulting will provide its services at hourly rates between
$25 and $155, not to exceed $10,000 without court approval, plus
reimbursement of work-related expenses.

Paul Deutch, executive managing director of Rust Consulting,
disclosed in a court filing that his firm is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Paul H. Deutch
     Rust Consulting/Omni Bankruptcy
     1120 Avenue of the Americas, 4th Floor
     New York, NY 10036
     Tel: 212-302-3580
     Fax: 212-302-3820
     E-mail: nycontact@omnimgt.com

                    About Mammoet-Starneth

Mammoet-Starneth, LLC, a company based in Wilmington, Delaware,
designs and constructs giant observation wheels and structures.
Mammoet-Starneth sought Chapter 11 protection (Bankr. D. Del. Case
No. 17-12925) on Dec. 13, 2017.  In the petition signed by manager
Christiaan Lavooij, the Debtor estimated assets and liabilities of
$100 million to $500 million.  

Laurie Selber Silverstein is the case judge.

The Debtor tapped Sills Cummins & Gross P.C. as its lead counsel,
and Jason M. Madron, Esq., at Richards, Layton & Finger, P.A., as
its co-counsel.  William Henrich, CRO, at Getzler Henrich &
Associates, LLC, serves as the Debtor's restructuring advisor.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case.

On Dec. 15, 2017, the Debtor filed its proposed Chapter 11 plan of
liquidation.


MANITOWOC COMPANY: S&P Affirms 'B' CCR & Alters Outlook to Stable
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on The
Manitowoc Company Inc. and revised the outlook to stable from
negative.

S&P said, "We also affirmed the 'B' issue-level rating on the
company's senior secured 2nd lien notes and the '3' recovery
rating, which indicates a meaningful recovery (50%-70%; rounded
estimate: 50%) in the event of default.

"The outlook revision reflects our expectation for continued
operating improvement in 2018, building upon modest recovery in
end-market demand in the second and third quarters of 2017. In
2018, we expect modest growth from North American and European
construction activity, increased sales from new product launches,
and stabilizing energy markets  to help offset continued softness
in infrastructure demand and weak growth prospects in the Middle
East and Asia. With these expectations, we believe that Manitowoc's
adjusted debt to EBITDA will improve to about 6x in 2018 from the
mid-to-high-6x area in 2017. Although we expect the company's
leverage to remain high, we also believe that it will begin to
generate modest free operating cash flow (FOCF) in 2018 while
maintaining adequate liquidity, including availability under its
asset-based lending (ABL) facility. We do not anticipate the
company's springing fixed charge covenant under its ABL to be
tested given our expectation for significant ABL availability
through 2018.

"The stable outlook reflects our expectation that strong demand for
tower cranes, new product launches, and benefits from previous
restructuring initiatives will enable the company to improve
margins and reduce leverage to around 6x over the next twelve
months.

"We could lower our rating on the company if operating performance
were to be significantly weaker than we expect, resulting in
leverage above 6.5x over the next 12 months with limited prospects
for improvement. This could occur if revenues fell by 12% or more,
margins contracted by at least 150 basis points, or both. We could
also consider lowering our rating if sustained, negative free cash
flow constrained liquidity such that availability under its ABL
deteriorates, increasing the risk that its springing minimum
fixed-charge covenant could be tested.

"Although unlikely, we could raise our rating on MTW if its
operating performance substantially improves, allowing the company
to generate modest free cash flow and sustain leverage at less than
5.0x. We would also expect the company to sustain fixed-charge
coverage well above the 1.0x covenant requirement. Under this
scenario, we would need to believe management's financial and
strategic policies would support these improved credit metrics.
Alternatively, we would also consider raising the rating if the
company is able to significantly reduce its exposure to global
crane demand and/or sustain EBITDA margins above 11%."


MERRIMACK PHARMACEUTICALS: BlackRock Has 6.1% Stake as of Dec. 31
-----------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, BlackRock, Inc. reported that as of Dec. 31, 2017, it
beneficially owns 813,041 shares of common stock of Merrimack
Pharmaceuticals Inc., constituting 6.1 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/dnA4zN

                        About Merrimack

Cambridge, Mass.-based Merrimack Pharmaceuticals, Inc. --
http://www.merrimack.com/-- is a biopharmaceutical company
discovering, developing and commercializing innovative medicines
consisting of novel therapeutics paired with diagnostics for the
treatment of cancer.  The Company was founded by a team of
scientists from The Massachusetts Institute of Technology and
Harvard University who sought to develop a systems biology-based
approach to biomedical research.  The Company's initial focus is in
the field of oncology.  The Company has five programs in clinical
development.  In it most advanced program, the Company is
conducting a pivotal Phase 3 clinical trial.

The report from PricewaterhouseCoopers LLP, the Company's
independent registered public accounting firm for the year ended
Dec. 31, 2016, includes an explanatory paragraph stating that the
Company has negative working capital and cash outflows from
operating activities that raise substantial doubt about its ability
to continue as a going concern.

As of Sept. 30, 2017, Merrimack had $197.84 million in total
assets, $86.21 million in total liabilities, and $111.63 million in
total stockholders' equity.  Merrimack reported a net loss of
$153.51 million in 2016, a net loss of $147.78 million in 2015 and
a net loss of $83.55 million in 2014.


MILK HOUSE: $142K Private Sale of Chimney Field to Shores Approved
------------------------------------------------------------------
Judge Lena Mansori James of the U.S. Bankruptcy Court for the
Middle District of North Carolina authorized The Milk House, LLC's
private sale of Chimney Field, more specifically Lots 1 through 11
and Lots 13 through 27, and all of Chimney Field Road, as shown on
that plat recorded in Plat Book 9, at Pages 836-837, Yadkin County
Registry, to Walter and Priscilla Shore for $141,720.

The Sale is approved free and clear of any and all liens,
encumbrances, claims, rights, and other interests, including but
not limited to the security interests of Farm Credit and Triangle
Chemical, and Farm Credit will receive 100% of the net Sale
proceeds.

No tax recapture and no realtor commissions will be payable at the
closing of the Sale.

The 14-day automatic stay under Bankruptcy Rule 6004(h) is waived.

                     About The Milk House

Headquartered in Yadkinville, North Carolina, The Milk House, LLC,
is a single asset real estate.  The Milk House filed for Chapter 11
bankruptcy protection (Bankr. M.D.N.C. Case No. 17-50460) on April
27, 2017, estimating its assets at between $500,000 and $1 million
and liabilities at between $1 million and $10 million.  Walter
Shore, managing member, signed the petition.

Judge Lena M. James presides over the Debtor's case.

The Debtor's attorneys:

         Thomas W. Waldrep, Jr.
         Jennifer B. Lyday
         WALDREP LLP
         101 S. Stratford Road, Suite 210
         Winston-Salem, NC 27104
         Telephone: (336) 717-1440
         Facsimile: (336) 717-1340

Contemporaneously, the Debtor's members Wiley Walter Shore and
Shelby Jean Matthews Shore also sought bankruptcy petition.

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


MOTORS LIQUIDATION: Court Finds Proposed Settlement 'Unenforceable'
-------------------------------------------------------------------
As previously disclosed, including most recently on Nov. 13, 2017
in its Quarterly Report on Form 10-Q, the Motors Liquidation
Company GUC Trust is involved in litigation concerning purported
economic losses, personal injuries and/or death suffered by certain
lessees and owners of vehicles manufactured by General Motors
Corporation prior to its sale of substantially all of its assets to
NGMCO, Inc., n/k/a General Motors LLC.  Certain of the Potential
Plaintiffs have filed lawsuits against New GM, filed motions
seeking authority from the Bankruptcy Court for the Southern
District of New York to file claims against the GUC Trust, or are
members of a putative class covered by those actions.

The GUC Trust was previously engaged in discussions with certain of
the Potential Plaintiffs regarding a potential settlement of the
Late Claims Motions and various related issues, and those
discussions had meaningfully progressed.  The GUC Trust ultimately
did not execute the Potential Plaintiff Settlement. Instead, after
careful consideration and negotiations, the GUC Trust entered into
a Forbearance Agreement with New GM by which (i) the GUC Trust
agreed not to seek an order estimating the claims of the Potential
Plaintiffs or seek the issuance of additional "Adjustment Shares"
from New GM until the final resolution of certain litigation, (ii)
New GM agreed to pay the costs of the GUC Trust's litigation in
connection with the Late Claims Motions and related litigation, and
(iii) New GM and the GUC Trust agreed to negotiate an appropriate
rate of return from New GM should any GUC Trust distributions be
held up solely due to the Late Claims Motions litigation.

On Sept. 11, 2017, the Potential Plaintiffs filed a motion with the
Bankruptcy Court seeking an order that the Potential Plaintiff
Settlement was binding on the GUC Trust notwithstanding the fact
that no party executed the Potential Plaintiff Settlement.  On
Sept. 12, 2017, the GUC Trust filed a motion seeking approval of
the Forbearance Agreement.

On Jan. 18, 2018, the Bankruptcy Court entered a Memorandum Opinion
and Order denying the Potential Plaintiffs' Motion to Enforce.  In
denying the Motion to Enforce, the Bankruptcy Court found that the
unexecuted Potential Plaintiff Settlement was not enforceable
because it contained an unambiguous provision that it would not
become enforceable until executed.  In so finding, however, the
Bankruptcy Court also found, among other things, that the GUC
Trust's decision to abandon the Potential Plaintiff Settlement in
lieu of the Forbearance Agreement was a "flouting of the spirit of
the law" and "founded in bad faith."  The GUC Trust disagrees with
these findings by the Bankruptcy Court and is determining whether
to appeal or otherwise formally contest them.

The Bankruptcy Court further directed in the Enforcement Decision
that counsel for all relevant parties promptly meet and confer to
draft a proposed schedule for completing discovery, briefing and
hearings of the Late Claims Motions.  Counsel were directed to file
an agreed proposed schedule, or separate proposed schedules if no
agreement can be reached, on or before Feb. 9, 2018.  Counsel for
the GUC Trust has taken steps to comply with the Bankruptcy Court's
direction.  The Bankruptcy Court will conduct a scheduling
conference on Feb. 21, 2018 at 10 a.m.

The Bankruptcy Court also cautioned in the Enforcement Decision
that approval of the Forbearance Agreement "may not be
forthcoming."  As of Jan. 24, 2018, no hearing with respect to the
Forbearance Motion has been scheduled by the Bankruptcy Court.

                  About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, serves as the
Chief Executive Officer for Motors Liquidation Company.  GM is also
represented by Jenner & Block LLP and Honigman Miller Schwartz and
Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP is providing
legal advice to the GM Board of Directors.  GM's financial advisors
are Morgan Stanley, Evercore Partners and the Blackstone Group LLP.
Garden City Group is the claims and notice agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured Creditors
Holding Asbestos-Related Claims.  Lawyers at Kramer Levin Naftalis
& Frankel LLP served as bankruptcy counsel to the Creditors
Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On the
Dissolution Date, pursuant to the Plan and the Motors Liquidation
Company GUC Trust Agreement, dated March 30, 2011, between the
parties thereto, the trust administrator and trustee -- GUC Trust
Administrator -- of the Motors Liquidation Company GUC Trust,
assumed responsibility for the affairs of and certain claims
against MLC and its debtor subsidiaries that were not concluded
prior to the Dissolution Date.


MUNCIE COMMUNITY SCHOOLS: S&P Cuts Bonds Rating to 'BB-'
--------------------------------------------------------
S&P Global Ratings lowered its underlying rating for credit program
on Muncie Community Schools, Ind.'s bonds one notch to 'BB-' from
'BB'. At the same time, S&P Global Ratings removed the bonds from
CreditWatch, where they had been placed with negative implications
March 17, 2017. The outlook on the underlying rating is stable.

S&P Global Ratings affirmed its 'AA+' long-term program rating on
the corporation's existing debt. S&P said, "The 'AA+' rating
reflects our view of the school corporation meeting our Indiana
State Aid Intercept Program rating criteria and on our assessment
of the strength of the state aid intercept structure based on
Section 20-48-1-11 of the Indiana Code."

S&P said, "For most of 2017, we were concerned about the district's
ability to meet core priority payments, including debt service, due
to the district's lack of cash and our view of limited financial
transparency. Since then, communications with the district and
emergency managers have allowed us to feel more comfortable about
the district's budget and liquidity position and its ability and
willingness to meet core priority payments in the short term. The
fact that the district is under the state oversight now also
somewhat mitigates our concerns, hence our removal of the
CreditWatch placement."

"We lowered the underlying rating one notch because we believe the
district still faces major ongoing uncertainties and exposure to
adverse business, financial, or economic conditions that could lead
to an inability to meets its financial commitments," said S&P
Global Ratings credit analyst Anna Uboytseva. "Specifically, the
downgrade reflects an unaddressed cash deficit of at least $9.3
million, rapidly declining enrollment and limited capacity to
reduce spending that will likely amplify the budget risks in the
future, and significant management turnover," Ms. Uboytseva added.


S&P said, "The stable outlook on the program rating reflects our
assessment of the strength of Indiana's State Aid Intercept
structure, and our expectation that the corporation will maintain
its eligibility to participate in the program.

"The stable outlook on the 'BB-' underlying rating reflects our
opinion that the district's liquidity  position and budgetary
balance have improved, and are unlikely to deteriorate
significantly in the short term. The fact that the district is
under the state oversight somewhat mitigates our concerns about the
future financial deterioration. We still think that financial
transparency is an issue; it skews the comparability of financial
projections and unofficial 2017 year-end report with the 2016 form
9 report, in our opinion.

"We could consider a higher rating in the next year if the new
management team improves financial transparency and works to
address the large deficit and if we feel management's restorative
actions will be effective and sustainable.

"We could lower the rating if we find that management's actions to
address the deficit and financial transparency are ineffective or
if it takes too long for the new team to take actions and financial
conditions worsen as a result."


OKEECHOBEE CC-I LAND: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 cases of Okeechobee CC-I Land Trust and
its affiliates as of Jan. 26, according to a court docket.

The Debtors are represented by:

     Nicholas B. Bangos, Esq.
     Nicholas B. Bangos, P.A.
     2925 PGA Blvd, Suite 204
     Palm Beach Gardens, FL 33410
     Tel: 561-626-4700
     Fax: 561-627-9479
     Email: bazban13@gmail.com

                 About Okeechobee CC-I Land Trust

Based in Miami, Florida, Okeechobee CC-I Land, Okeechobee CC-II
Land Trust and Okeechobee CC III Land Trust listed their business
as single asset real estate (as defined in 11 U.S.C. Section
101(51B)).  The Debtors are affiliated with Lakeshore Properties of
South Florida, LLC, which sought bankruptcy protection on Sept. 28,
2017 (Bankr. S.D. Fla. Case No. 17-21866).

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case Nos. 17-24481 to 17-24483) on December
3, 2017.  Barry M. Brant, trustee, signed the petition.  

Judge Laurel M. Isicoff presides over the cases.

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


OMNI LION'S RUN: Exclusivity Extension Motion Dismissed as Moot
---------------------------------------------------------------
The Hon. Ronald B. King of the U.S. Bankruptcy Court for the
Western District of Texas ordered that Omni Lion's Run L.P. and
Omni Lookout Ridge L.P.'s motion for extension of the their
exclusivity periods be dismissed as moot.

On Jan. 23, 2018, the Court held a hearing on the third motion of
Debtors for court order pursuant to Section 1121(d) of the U.S.
Bankruptcy Code extending the exclusive period during which the
Debtors may file a plan of reorganization and the period the
Debtors may solicit acceptances thereof, and it appeared to the
Court that the motion should be dismissed as moot.

As reported by the Troubled Company Reporter on Dec. 7, 2017, the
Debtors filed a motion asking the Court for an additional extension
of their exclusive filing period to Feb. 5, 2018, and their
exclusive solicitation period to April 5, 2018, without prejudice
to their rights to seek additional extensions thereof.  

A copy of the Order is available at:

           http://bankrupt.com/misc/txwb17-60329-202.pdf

                     About Omni Lion's Run

Omni Lion's Run, L.P., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 17-60329) on May 2,
2017.  Drew G. Hall, its manager, signed the petition. Judge Ronald
B. King presides over the case.  At the time of the filing, the
Debtor estimated assets and liabilities of less than $50,000.

Omni Lookout Ridge L.P. commenced its Chapter 11 case. (Bankr. W.D.
Tex. Case No. 17-60447) on June 6, 2017.

Hajjar Peters LLP serves as counsel to the Debtors.


ONE HORIZON: Will Acquire 51% Membership Interests in 123 Wish
--------------------------------------------------------------
One Horizon Group, Inc., has entered into an Exchange Agreement to
acquire 51% of the membership interests in ONCE IN A LIFETIME LLC,
d/b/a 123Wish.

123Wish, available in the Apple App Store, Google Play and
www.123wish.com, is a subscription-based, experience marketplace
that focuses on providing users with exclusive opportunities to
enjoy personalized, dream experiences with some of the world's most
renowned social media influencers including Super Influencer Jake
Paul and Team 10 as well as celebrities, professional athletes,
fashion designers, and artists while supporting a diverse range of
charities.

The influencer or celebrity for each 123Wish experience selects a
philanthropic cause to benefit or is randomly matched to a
non-profit organization.  Once the charitable contribution goal for
an experience has been met and the designated timeframe for entry
has expired, 123Wish randomly selects the winner who receives
exclusive access to interact with the influencer or celebrity. Yet,
everyone who enters wins a specialized gift for participation,
which may include limited edition merchandise, gift cards or
personalized video or voice messages from experience contributors.

Each 123Wish subscriber will soon have a digital wallet and will
receive four digital coins each month that his or her subscription
remains active, which the subscriber may contribute to charity.
OHGI and 123Wish are committed to making at least $1,000,000 in
digital coin value available for charitable contribution premised
on the number of subscribers.  Development for inclusion of the
coin technology is underway and OHGI will be providing blockchain
integration.

In order to deliver authentic and unique lifestyle experiences,
123Wish will launch experiences with social media influencers,
music artists and other celebrities that have been embraced by
Generation Z.  TGZ Capital, L.P., the Gen Z focused venture capital
fund, owned five percent of 123Wish pre-acquisition and becomes an
OHGI shareholder pursuant to this transaction.

"We executed the Exchange Agreement ahead of schedule based on the
commitment of everyone involved and we are grateful to have the
opportunity to welcome 123Wish founders Natalia Diaz, Andrew
Resnick and TGZ Capital as OHGI stakeholders," said One Horizon
Group's founder, president and CEO, Mark White.  "Subscribers, fans
and likes have become a new form of currency and advertising spend
is usually driven by perceived reach rather than fixed-costs.
Thus, in addition to the importance of verifiable charitable
giving, we see future opportunities in the use of digital coins for
media buying."

OHGI has entered into a multi-year Employment Agreement with
Natalia Diaz, who will remain the President and CEO of 123Wish.
Natalia Diaz is an expert in mobile, social media, gaming and web
platform development and has provided services to several Fortune
500 and other innovative company clients that rely on social-media
monetization.

"After getting to know Mark White and the team at One Horizon
Group, it quickly became clear that we are aligned
philosophically," said 123Wish Co-Founder, President and CEO,
Natalia Diaz.  "As part of a NASDAQ-listed technology company with
access to the capital markets, we believe that we can deliver the
high-value experiences desired by Gen-Zers and Millennials and move
at the fast pace of the new brand landscape driven by social media
influencers underpinning Web 3.0 and the proliferation of social
media through a marketplace of experiences."

"After spending years developing web properties that reach tens of
millions of unique visitors on a monthly basis, I realized that
social media is not only an incredible platform for advertising and
sales; it is the new framework for contribution," said 123Wish
Co-Founder, technology entrepreneur and real estate mogul, Andrew
Resnick.  "I also believe that digital coins, which allow for
efficient and transparent transactions, provide the means for a
generational shift in charitable giving.  Given access to OHGI
innovation and its commitment to development of digital coin
technology that makes a social impact, I am confident that this
transaction will deliver measurable value on many fronts."

"Beyond business, 123Wish enables me to fulfill my personal goal to
give back and empower our youth through contribution," added
123Wish Co-Founder, President and CEO, Natalia Diaz.  "This is very
important for me as I recognize the power of influencers to make a
real difference and teach the next generations that by including
giving in their lives, dreams do come true."

"Based on the detailed financial models we have analyzed, we remain
confident that the acquisition will be accretive in 2018 and we
expect 123Wish will generate significant revenue in 2018 commencing
with the expected launch of scheduled experiences in the first and
second quarters of 2018," added One Horizon Group's Founder,
President and CEO, Mark White.  "We remain focused on our
commitment to deliver substantial value to OHGI shareholders."

A full-text copy of the Exchange Agreement is available at:

                      https://is.gd/lwS48c

                    About One Horizon Group

Based in Limerick, Ireland, One Horizon Group, Inc. (NASDAQ: OHGI)
-- http://www.onehorizongroup.com/-- is a reseller of secure
messaging software for the growing gaming, security and education
markets including in China and Hong Kong.

The Company's independent accountants Cherry Bekaert LLP, in Tampa,
Fla., issued a "going concern" opinion in its report on the
Company's consolidated financial statements for the year ended Dec.
31, 2016, stating 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.

One Horizon reported a net loss of $5.54 million on $1.61 million
of revenue for the year ended Dec. 31, 2016, compared to a net loss
of $6.30 million on $1.53 million of revenue for the year ended in
2015.  As of Sept. 30, 2017, One Horizon had $8.67 million in total
assets, $4.25 million in total liabilities and $4.42 million in
total stockholders' equity.

According to the Company's Form 10-Q for the period ended Sept. 30,
2017, "[T]he Company will pursue its revised operations and
business plan.  The Company expects to incur further non cash
losses in 2017 which, when combined with any costs incurred in
pursuing acquisition of new businesses, may generate negative cash
flows.  As of Sept. 30, 2017, the Company did not have any
available credit facilities.  As a result, it is in the process of
seeking new financing by way of sale of either convertible debt or
equities.  While it has been successful in the past in obtaining
the necessary capital to support its investment and operations,
there is no assurance that it will be able to obtain additional
financing under acceptable terms and conditions, or at all.  In the
event that the Company is unable to obtain sufficient additional
funding when needed in order to fund operations, it would not be
able to continue as a going concern and may be forced to severely
curtail or cease operations and liquidate the Company."


OYSTER COMPANY: Has Final OK to Obtain DIP Financing From OCVA
--------------------------------------------------------------
The Hon. Keith L. Phillips of the U.S. Bankruptcy Court for the
Eastern District of Virginia has entered a final order authorizing
Oyster Company of Virginia, LLC, to obtain post-petition financing
from OCVA Holdings, LLC.

A copy of the Order is available at:

           http://bankrupt.com/misc/vaeb16-34750-174.pdf

As reported by the Troubled Company Reporter on Dec. 29, 2017, the
Debtor sought permission from the Court to obtain $150,000 in
postpetition financing from OCVA.  On Nov. 1, 2017, the Debtor
filed its motion to (i) approve compromise with Half Shell
Partners, LLC, and William and Patricia Loughridge and (ii) shorten
notice and memorandum in support thereof.  A court order was
entered on Dec. 6, 2017, approving the settlement.  As part of the
settlement, OCVA will pay and provide payment of $150,000 to the
Loughridges by Dec. 31, 2017.  The Debtor negotiated with the
Lender, who is a related entity to the Debtor, for certain
debtor-in-possession financing, and the parties have agreed to the
terms thereof, which the Debtor believes are normal and customary
(if not more favorable to the Debtor than current market terms) for
financing of this nature.  The Debtor sought the Financing to fund
the Initial Payment.

                About Oyster Company of Virginia

The Oyster Company of Virginia promotes the sustainable return of
the native 'Virginia Oyster' ("Crassostrea virginica") as the basis
for the health of the Chesapeake Bay and its ecosystem by
accelerating  programs and projects with proven results and
enlisting its Virginia Watermen as an important part of the
solution.

OCVA has developed specific programs and projects using modeled and
measured science from scientists and other individuals from highly
regarded institutions as the basis for creating value added
solutions for restoring the Chesapeake Bay's oyster population
while balancing the commodities (fisheries) with restoration
(habitat).

A Chapter 7 involuntary petition was filed against Oyster Company
of Virginia, LLC (Bankr. E.D. Va. Case No. 16-34750) on Sept. 27,
2016.  The petition was filed by Jeffrey and Eleanor Orndorff,
Chandler Wiegand, and Half Shell Partners, LLC.

On Nov. 4, 2016, the Chapter 7 case was converted to a Chapter 11
case.  The case is assigned to Judge Keith L. Phillips.

The U.S. trustee for Region 4 on Dec. 23, 2016, appointed seven
creditors of Oyster Company of Virginia, LLC, to serve on the
official committee of unsecured creditors.  The Committee retained
Christian & Barton, LLP, as counsel.

                          *     *     *

On July 6, 2017, the Debtor filed a Plan of Reorganization, and a
Disclosure Statement pursuant to Section 1125 of the Bankruptcy
Code.


PES HOLDINGS: Proposes $120M of DIP Financing From Credit Suisse
----------------------------------------------------------------
Philadelphia Energy Solutions Refining and Marketing, LLC, and its
debtor-affiliates ask the U.S. Bankruptcy Court for the District of
Delaware to approve $120 million in debtor-in-possession financing
from Credit Suisse Asset Management, LLC, Halcyon Capital
Management LP, and the other refining TLB lenders parties to the
DIP credit agreement, with Cortland Capital Markets Services LLC,
as administrative agent and collateral agent.

PES Administrative Services, LLC, serves as the guarantor.  The
loan will mature on July 31, 2018.

     a) the stated maturity date: the earlier of (i) July 31,
        2018, (ii) the Effective Date, (iii) the consummation of a

        sale or other disposition of all or substantially all
        assets of the Debtors under the U.S. Bankruptcy Code
        Section 363, and (iv) the date of acceleration of the
        Loans in accordance with Article VII;

     b) the date of the substantial consummation of a
        reorganization plan that is confirmed pursuant to an order

        of the Court; and

     c) the acceleration of the Loans and the termination of the
        commitments with respect to the DIP Facility in accordance

        herewith.

Refining ABL Adequate Protection includes:

     -- a valid, perfected replacement security interest in and
        lien upon the Refining Collateral in accordance with the
        priorities shown in the interim court order and in each
        case subject to the carve out;

     -- an allowed superpriority administrative expense claim as
        provided for in Section 507(b) of the Bankruptcy Code
        against the Refining Debtors in the amount of the Refining

        ABL Adequate Protection Claim with priority in payment
        over any and all administrative expenses of the kind
        specified or ordered pursuant to any provision of the
        Bankruptcy Code; and

     -- current cash payments of the reasonable and documented
        pre- and post-petition fees and expenses incurred payable
        to the Refining ABL Agent under the Refining ABL
        Agreements, including, but not limited to, the reasonable
        and documented fees and disbursements of counsel.

Refining TLB Adequate Protection includes:

     -- a valid, perfected replacement security interest in and
        lien upon the Refining Collateral in accordance with the
        priorities shown in the interim court order and in each
        case subject to the carve out;

     -- an allowed superpriority administrative expense claim (in
        the Refining Debtors' cases only) as provided for in
        Section 507(b) of the Bankruptcy Code in the amount of the

        Refining TLB Adequate Protection Claim with priority in
        payment over any and all administrative expenses of the
        kind specified or ordered pursuant to any provision of the

        Bankruptcy Code;

     -- current cash payment when due for all interest at the non-
        default rates provided for in the Refining TLB Credit
        Agreement;

     -- current cash payments of all reasonable and documented
        pre- and post-petition fees and expenses, which payments
        will be made in the manner provided for in paragraph 16(e)

        of the interim court order, including, but not limited to:

        (i) in the case of each of the Refining TLB Agent and the
        Ad Hoc TLB Lenders, the reasonable and documented fees and

        disbursements of counsel to the Refining TLB Agent and
        counsel to the Ad Hoc TLB Lenders, (ii) in the case of the

        Ad Hoc TLB Lenders, (A) the fees and expenses of Houlihan
        Lokey Capital,Inc., including, for the avoidance of doubt,

        the financing fee and completion fee payable in accordance

        with the terms of the Houlihan Lokey Engagement Letter and

        (B) the reasonable and documented fees and expenses of
        Ramboll Environ US Corporation incurred in connection with

        an environmental review with respect to properties of the
        Debtors; provided, that in the event the Restructuring
        Support Agreement is terminated, the Debtors will
        continue to pay any such fees incurred by Ramboll until
        two business days after the Debtors provide written notice

        to the Ad Hoc TLB Lenders and Ramboll that no additional
        fees of Ramboll will be paid.

The Logistics Parties Adequate Protection includes:

     -- payment of interest and fees to the holders of Logistics
        Credit Agreement Claims at the non-default contract rate
        and accrual of interest to each of the foregoing at the
        default contract rate, in each case payable solely from
        the assets of the Logistics Debtors;

     -- payment of reasonable fees and expenses for each of (A)
        the Logistics Agent and (B) the Consenting Logistics
        Creditors, in each case including pre- and postpetition
        documented fees and expenses of counsel, financial and
        other reasonably necessary advisors,;

     -- subject to the Logistics carve out, liens on unencumbered
        assets of the Logistics Debtors, replacement liens on all
        other assets of the Logistics Debtors and superpriority
        claims as provided for in section 507(b) of the Bankruptcy

        Code against the Logistics Debtors for any diminution in
        the value of the interest in collateral of the holders of
        Logistics Credit Agreement Claims, with all liens being
        perfected by the interim court order; and

     -- subject to the Logistics Carve Out, no senior or pari
        passu claims on any assets of the Logistics Debtors.

As to any lender, the several and not joint obligation of the
Lender, if any, to make a loan to the borrower in a principal
amount not to exceed the amount set forth under the heading
"Commitment" opposite the Lender's name on the DIP Credit
Agreement.  The aggregate amount of the Commitments of all Lenders
is $120 million.  Each DIP Lender severally agrees to make loans to
the Refining Debtors on any business day on the closing date, in an
amount not to exceed the amount of the Commitments of the DIP
Lender.  The DIP Loans may from time to time be Eurodollar Loans or
ABR Loans, as determined by the Refining Debtors and notified to
the DIP Agent in accordance with Sections 2.02 and 2.07 of the DIP
Credit Agreement.

Each Eurodollar Loan will bear interest for each day during each
interest period with respect thereto at a rate per annum equal to
the Eurodollar Rate determined for the day plus the applicable
margin.

If all or a portion of the principal amount of any Loan will not be
paid when due (whether at the stated maturity, by acceleration or
otherwise), all overdue Loans will bear interest at a rate per
annum equal to in the case of the Loans, the rate that would
otherwise be applicable thereto pursuant to the foregoing
provisions of this Section plus 2% and (ii) if all or a portion of
any interest payable on any Loan or other amount payable hereunder
will not be paid when due, the overdue amount will bear interest at
a rate per annum equal to the rate then applicable to ABR Loans
under the relevant Facility plus 2% in each case, with respect to
clauses (i) and (ii) above, from the date of such nonpayment until
the amount is paid in full (as well after as before judgment).

Interest will be payable in arrears on each interest payment date,
provided that interest accruing will be payable from time to time
on demand.

These milestones must be reached:

     -- the interim DIP court order will be entered within five
        days of the Petition Date;

     -- the final DIP court order will be entered within 45 days
        of the Petition Date;

     -- the Disclosure Statement court order and confirmation
        order within 90 days of the Petition Date;

     -- the confirmation order will be entered within 90 days of
        the Petition Date;

     -- the final DIP court order will be entered within 45 days
        of the Petition Date;

     -- the Disclosure Statement court order will be entered
        within 60 days of the Petition Date;

     -- the effective date will have occurred no later than 120
        days after the confirmation order is entered; unless,
        after entry of the confirmation order, the Required
        Consenting Term Loan B Creditors deliver notice to the
        Debtors in accordance with Section 4.01(f) of the
        Restructuring Support Agreement, in which case the
        Effective Date will have occurred no later than 30 days
        after delivery of the notice; and

     -- the Effective Date will have occurred no later than July
        31, 2018.

The Debtors must pay these fees:

     -- the DIP commitment fee, which is 5.0% of the new equity in

        the form of New Class A Common Stock, subject to dilution
        by the Management Incentive Plan;

     -- the conversion fee, which is payable to all of the DIP
        Lenders in the amount of 2.5% of the New Equity, subject
        to dilution by the Management Incentive Plan; and

     -- cash fee, which is payable to all the DIP Lenders upon
        funding of the DIP Facility equal to 2.0% of the DIP
        Facility, payable in cash.

The DIP Lenders have agreed to convert the DIP Facility into an
exit facility upon emergence, providing the Debtors with continued
access to liquidity even after the pendency of the Chapter 11
cases.  If approved, the Refining Debtors will use the proceeds of
the DIP Financing to, among other things, fund the Refining
Debtors' general and corporate operating needs during the
contemplated period of the chapter 11 cases.

The Debtors were able to obtain the terms of the DIP Financing and
Restructuring Support Agreement based on many months of hard
fought, arm's-length negotiations with their key stakeholders,
which resulted in the settlement embodied in the Plan and
Restructuring Support Agreement.  The terms of this settlement are
dependent on approval of this DIP Financing and the Debtors
obtaining confirmation of, and then consummating, the Plan in the
time frame set forth in the DIP Credit Agreement.  Moreover, the
Refining Debtors are unable to obtain the financing as unsecured
credit pursuant to Section 364(a) or (b) of the Bankruptcy Code,
allowable as an administrative expense under section 503(b)(1) of
the Bankruptcy Code, or as secured credit pursuant to section
364(c) of the Bankruptcy Code on more favorable terms from other
sources.   

The Debtors say that the use of Refining Cash Collateral alone
would be insufficient to meet the Refining Debtors' postpetition
liquidity needs.  The DIP Financing provides liquidity that is
essential to fund the administrative cost of these Chapter 11 cases
and, critically, to pay suppliers and other participants in the
Debtors' supply chain in the ordinary course to ensure the
continuing and uninterrupted flow of inputs to the Debtors that is
the lifeblood of the Debtors' businesses.

Without access to the DIP Financing, the Debtors likely would need
to liquidate in the near term, to the serious detriment of their
stakeholders.

The Debtors believe that the DIP Financing gives the Debtors
sufficient liquidity to stabilize their operations and fund the
administration of these Chapter 11 cases as the Debtors seek to
implement the restructuring contemplated by the Plan.  Finally, the
Debtors believe that the DIP Financing is on the most favorable
terms available, presents the best -- and likely only -- option for
the Debtors to reorganize their businesses as a going concern, was
negotiated in good faith and at arm's length, and will allow the
Debtors to maximize the value of their estates for the benefit of
all parties in interest.

Copies of the Debtors' request and DIP Credit Agreement are
available at:

           http://bankrupt.com/misc/deb18-10122-61.pdf
           http://bankrupt.com/misc/deb18-10122-61-4.pdf

                      About PES Holdings

Headquartered in Philadelphia, PA, PES Holdings, LLC --
http://pes-companies.com/-- owns an oil refining complex.  The
Philadelphia Energy Solutions Refining Complex operates two
domestic refineries -- Girard Point and Point Breeze -- in South
Philadelphia.  The refinery processes approximately 335,000 barrels
of crude oil per day (42 U.S. gallons per barrel).  In addition to
producing unbranded gasoline (87, 89 and 93 octane), PES also
produces jet fuel, cleaner-burning diesel, petrochemicals,
liquefied petroleum gas and sulfur in the Northeast.  The company
offers a variety of diesels, including ultra-low-sulfur diesel,
non-road, heating oil, locomotive/marine and non-jet kerosene.  PES
employs over 1,000 people.  PES is owned by The Carlyle Group and a
subsidiary of Energy Transfer Partners, L.P.  

PES Holdings, LLC, and its affiliates, including Philadelphia
Energy Solutions Refining and Marketing, sought Chapter 11
protection(Bankr. D. Del. Case No. 18-10122) on Jan. 21, 2018.  In
the petition signed by Manager Gregory G. Gatta, PES estimated
assets and liabilities of between $1 billion and $10 billion each.

James H.M. Sprayregen, P.C., Steven N. Serajeddini, Esq., Edward O.
Sassower, P.C., and Matthew C. Fagen, Esq., at Kirkland & Ellis LLP
and Kirkland & Ellis International LLP serve as the Debtors'
general bankruptcy counsel.

Laura Davis Jones, Esq., Timothy P. Cairns, Esq., and Peter J.
Keane, Esq., at Pachulski Stang Ziehl & Jones LLP serve as the
Debtors' local bankruptcy counsel.

PJT Partners LP is the Debtors' financial advisor.

Alvarez & Marsal North America, LLC, is the Debtors' restructuring
advisor.

Rust Consulting/Omni Bankruptcy is the Debtors' notice and claims
agent.



PIN OAK: Agrees With Watchdog on Appointment of Chapter 11 Trustee
------------------------------------------------------------------
The Acting United States Trustee, John P. Fitzgerald, III, asks the
U.S. Bankruptcy Court for the Northern District of West Virginia to
direct the appointment of a chapter 11 trustee to administer the
bankruptcy case of Pin Oak Properties, LLC.

Pin Oaks' primary secured creditor is General Acquisitions LLC who
is owed approximately $15,000,000. Pin Oaks also owes numerous tax
creditors and general trade creditors. The U.S. Trustee was unable
to muster an unsecured creditors' committee.

The U.S. Trustee relates that throughout the chapter 11 proceeding,
Pin Oaks and General Acquisition have had an acrimonious
relationship that recently resulted in General Acquisitions issuing
a subpoena to United Bank for statements for Pin Oaks' bank
accounts. United Bank produced bank statements.

After reviewing the bank statements and discussing the status of
the case with Pin Oaks' counsel and counsel for General
Acquisitions, Pin Oaks has agreed that the appointment of a chapter
11 trustee will better advance the case and provide a new level of
confidence for creditors that a reorganization or liquidation will
be timely advanced.

Counsel for Acting U.S. Trustee, Region Four:

             Debra A. Wertman, Esq.
             Office of U.S. Trustee
             United States Courthouse, Room 2025
             300 Virginia Street East
             Charleston, WV 25301
             Phone: (304)347-3400

                    About Pin Oak Properties

Pin Oak Properties, LLC, operates the Middletown Mall located at
9429 W Mill Street, White Hall, Marion County, West Virginia.

Pin Oak Properties filed a Chapter 11 petition (Bankr. N.D. W.Va.
Case No. 17-00608) on June 7, 2017.  Dietrich Steve Fansler, its
managing member and 100% owner, signed the petition.

The Hon. Patrick M. Flatley is the case judge.

The Debtor has hired Gianola, Barnum, Bechtel & Jecklin, LC, in
Morgantown, West Virginia, as counsel; and Steven G. Williams,
CPA/ABV, as accountant.

An official committee of unsecured creditors has not been appointed
in the Chapter 11 case of Pin Oak Properties, LLC, as of July 27,
according to a court docket.


POINT.360: Hires GlassRatner as Financial Consultant
----------------------------------------------------
Point.360, seeks authority from the U.S. Bankruptcy Court for the
Central District of California to employ GlassRatner Advisory &
Consulting Group, LLC, as financial consultant to the Debtor.

Point.360 requires GlassRatner to provide litigation support
services, including expert witness testimony and financial
consulting in relation to the Debtor's Chapter 11 case.

GlassRatner will be paid at these hourly rates:

     J. Michael Issa                   $495
     Jordan Johnson                    $225
     Other Staff                       $250-$495

GlassRatner will be paid a retainer in the amount of $7,500.

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

J. Michael Issa, principal of GlassRatner Advisory & Consulting
Group, LLC, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

GlassRatner can be reached at:

     J. Michael Issa
     GLASSRATNER ADVISORY & CONSULTING GROUP, LLC
     19800 MacArthur Blvd., Suite 8
     Irvine, CA 92612
     Tel: (949) 407-6620
     Fax: (949) 743-0333

              About Point.360

Point.360 (OTC QX: 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. GlassRatner Advisory &
Consulting Group, LLC, as financial consultant, Daniel P. Hogan,
Attorney-at-Law, as special litigation counsel.


PORTER BANCORP: Patriot Funds Cease as 5% Stockholders
------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, Patriot Financial Partners, L.P., Patriot Financial
Partners Parallel, L.P., Patriot Financial Partners GP, L.P., and
Patriot Financial Partners GP, LLC reported that effective Dec. 18,
2017, none of them beneficially owned greater than five percent of
Porter Bancorp Inc.'s outstanding common stock.

On Dec. 18, 2017, the Patriot Funds distributed shares of the
Company that they beneficially owned to their limited partners, who
received a total of 1,747,673 of the Company's common shares.  Kirk
W. Wycoff, a general manager of each of the Patriot Funds, is also
a director of the Company.

In addition to owning 384,186 of the Company's common shares, the
Patriot Funds owned 1,371,600 of the Company's non-voting common
shares before the Distribution.  As a result of the Distribution,
(i) the 1,371,600 non-voting common shares held by the Patriot
Funds automatically converted into 1,371,600 voting common shares,
in accordance with the Company's articles of incorporation, and
(ii) the number of the Company's common shares outstanding
increased from 4,668,264 to 6,039,864 shares.

As a result of the Distribution, the following Reporting Persons
received the following shares:

                                   Number of Shares
                                      Received in
   Reporting Person                   Distribution
   ----------------                ----------------
   W. Kirk Wycoff                       118,542
   Ira M. Lubert                        109,173
   James J. Lynch                        83,298

In addition, Mr. Wycoff beneficially owns 5,487 shares received as
compensation for his service on the Company's Board of Directors.

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

                     https://is.gd/nBVWSa

                     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.

Net income attributable to common shareholders for the year ended
Dec. 31, 2017, was $37.5 million, or $6.15 per basic and diluted
common share, compared to net loss attributable to common
shareholders of $2.7 million, or ($0.46) per basic and diluted
common share, for the year ended Dec. 31, 2016.

As of Dec. 31, 2017, Porter Bancorp had $970.80 million in total
assets, $898.12 million in total liabilities and $72.67 million in
total stockholders' equity.

                         *    *    *

This concludes the Troubled Company Reporter's coverage of Porter
Bancorp, Inc. until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at a
level sufficient to warrant renewed coverage.


PORTER BANCORP: Reports 2017 Net Income of $37.5 Million
--------------------------------------------------------
Porter Bancorp, Inc., parent company of PBI Bank, reported
unaudited results for the fourth quarter of 2017.  The Company
reported net income attributable to common shareholders for the
fourth quarter of 2017 of $32.5 million, or $5.31 per basic and
diluted common share, compared to a net loss attributable to common
shareholders of $6.4 million, or ($1.07) per basic and diluted
share, for the fourth quarter of 2016.

Net income attributable to common shareholders for the year ended
Dec. 31, 2017, was $37.5 million, or $6.15 per basic and diluted
common share, compared to net loss attributable to common
shareholders of $2.7 million, or ($0.46) per basic and diluted
common share, for the year ended Dec. 31, 2016.  Net income before
taxes was $6.6 million for the year ended Dec. 31, 2017, compared
to a net loss before taxes of $2.7 million for the year ended
December 31, 2016.

Net income for 2017 was impacted by the reversal of the Company's
deferred tax asset valuation allowance and the change in federal
corporate tax rates in connection with the enactment of the Tax
Cuts and Jobs Act of 2017.  The net result of these two items was
an income tax benefit of $31.9 million for 2017.

The Company has had a full valuation allowance against its net
deferred tax asset since 2011.  The Company's ability to utilize
the net deferred tax asset depends upon generating sufficient
future levels of taxable income.  The determination to restore a
deferred tax asset and eliminate a valuation allowance depends upon
the evaluation of both positive and negative evidence regarding the
likelihood of achieving sufficient future taxable income levels.
During the fourth quarter of 2017, management concluded it was
more-likely-than-not the asset would be utilized to reduce future
taxes payable related to the future taxable income of the Company,
and as such, reversed the valuation allowance.  The positive
evidence that outweighed the negative evidence evaluated by
management in arriving at the conclusion to remove the valuation
allowance included, but was not limited to, the following:

   * positive cumulative pre-tax earnings over the prior three-
     year period ended Dec. 31, 2017

   * growth in net interest income, stable non-interest income
     trends, and lower non-interest expense trends

   * improvement in asset quality which increases management's
     ability to forecast future taxable income and achieve
     forecasted results

   * the Company's net operating loss carryforwards do not begin
     to expire until 2032, and

   * the Bank's Consent Order was terminated in the fourth quarter

     of 2017

As a result of the conclusion to reverse the valuation allowance,
the Company recorded an income tax benefit of $52.2 million for the
year ended Dec. 31, 2017.  On Dec. 22, 2017, the Tax Cuts and Jobs
Act of 2017 was signed into law.  Among other significant changes
to the tax code, the new law lowered the federal corporate tax rate
from 35% to 21% beginning in 2018.  As a result, the Company
revalued its net deferred tax asset at the new 21% rate. Due to
this revaluation, the Company recorded a $20.3 million charge to
income tax expense for the year ended Dec. 31, 2017.  The
combination of the reversal of the valuation allowance and the
change in federal corporate tax rates resulted in an income tax
benefit of $31.9 million for the year ended Dec. 31, 2017.

Net interest income before provision for loan losses was $8.0
million for the fourth quarter of 2017, compared to $7.8 million in
the third quarter of 2017, and $7.3 million in the fourth quarter
of 2016.  Average loans increased to $695.6 million for the fourth
quarter of 2017, compared with $669.6 million in the third quarter
of 2017, and $619.6 million for the fourth quarter of 2016.  Net
interest margin increased to 3.50% for the fourth quarter of 2017,
compared to 3.44% for the third quarter of 2017, and 3.35% for the
fourth quarter of 2016.

The yield on earning assets increased to 4.24% for the fourth
quarter of 2017, compared to 4.16% for the third quarter of 2017,
and 4.01% for the fourth quarter of 2016.  The cost of interest
bearing liabilities was 0.88% for the fourth quarter of 2017,
compared to 0.85% for the third quarter of 2017, and 0.78% for the
fourth quarter of 2016.

Because of continuing improvement in asset quality and management's
assessment of risk in the loan portfolio, a negative provision for
loan losses of $800,000 was recorded for 2017, compared to a
negative provision for loan losses of $2.5 million for 2016.  The
negative provision of $800,000 was recorded in the fourth quarter
of 2017, compared to a negative provision of $550,000 in the fourth
quarter of 2016.

The allowance for loan losses to total loans was 1.15% at Dec. 31,
2017, compared to 1.32% at September 30, 2017, and 1.40% at
Dec. 31, 2016.  The reduced level of the allowance in 2017,
compared to 2016 was primarily driven by declining charge-off
levels, growth in the portfolio, improving trends in credit
quality, and the negative provision.  Net loan recoveries were
$35,000 for 2017, compared to net loan charge-offs of $624,000 for
2016.  The allowance for loan losses for loans evaluated
collectively for impairment was 1.13% at December 31, 2017,
compared with 1.27% at Sept. 30, 2017, and 1.37% at Dec. 31, 2016.

Non-performing assets, which include loans past due 90 days and
still accruing, loans on nonaccrual, and other real estate owned,
decreased to $9.9 million, or 1.02% of total assets at Dec. 31,
2017, compared with $12.1 million, or 1.26% of total assets at
Sept. 30, 2017, and $16.0 million, or 1.70% of total assets, at
Dec. 31, 2016.

Non-performing loans decreased to $5.5 million, or 0.77% of total
loans at Dec. 31, 2017, compared with $5.8 million, or 0.85% of
total loans at Sept. 30, 2017, and $9.2 million, or 1.44% of total
loans, at Dec. 31, 2016.  The decrease from the previous year was
primarily driven by $5.0 million in principal payments received on
nonaccrual loans, $270,000 of nonaccrual loans migrating to OREO,
and $665,000 of charge-offs offset by $2.3 million in loans placed
on nonaccrual during 2017.  OREO at Dec. 31, 2017, decreased to
$4.4 million, compared with $6.3 million at Sept. 30, 2017, and
$6.8 million at Dec. 31, 2016.  During the year, the Company sold
$793,000 in OREO and acquired $270,000 in new OREO properties. Fair
value write-downs arising from lower marketing prices or new
appraisals totaled $2.0 million for 2017, compared to $1.2 million
in 2016.

In addition to nonaccrual loans and OREO, loans classified as
Troubled Debt Restructures (TDRs) and on accrual totaled $1.2
million at both Dec. 31, 2017 and Sept. 30, 2017, compared to $5.4
million at Dec. 31, 2016.

Non-interest income increased $91,000 to $4.9 million for the year
ended Dec. 31, 2017, compared with $4.8 million for the year ended
Dec. 31, 2016.  The increase between years was primarily
attributable to a $295,000 increase in service charges on deposit
accounts, a $123,000 increase in bank card interchange fees, and a
$72,000 increase in net gain on sales of securities partially
offset by no income from OREO in 2017, compared to $456,000 of OREO
income in 2016.

Non-interest income increased $382,000 to $1.5 million for the
fourth quarter of 2017, compared with $1.1 million for the fourth
quarter of 2016.  The increase was due primarily to a net gain on
sale of securities of $293,000 compared to $29,000 in the fourth
quarter of 2016.

Non-interest expense decreased $9.3 million to $30.2 million for
the year ended Dec. 31, 2017, compared with $39.6 million for the
year ended Dec. 31, 2016.  The decrease in non-interest expense was
due primarily to lower litigation and loan collection expense,
which decreased $8.6 million.  Litigation expense was negatively
impacted in the fourth quarter of 2016 by a ruling from the
Kentucky Court of Appeals against the Bank that approximated $8.0
million.  Non-interest expense also benefited from declining
professional fees expense, salaries and employee benefits, and FDIC
insurance expense.

Non-interest expense decreased $6.7 million to $8.9 million for the
fourth quarter of 2017, compared with $15.6 million for the fourth
quarter of 2016.  The decrease was due primarily to the
nonrecurring nature of the 2016 litigation expense of $8.0
partially offset by a $1.8 million increase in OREO expenses
primarily resulting from fair value write-downs arising from lower
marketing prices or new appraisals.

At Dec. 31, 2017, PBI Bank's Tier 1 leverage ratio was 8.70%,
compared with 6.24% at Dec. 31, 2016, and its Total risk-based
capital ratio was 11.61% at Dec. 31, 2017, compared with 9.88% at
Dec. 31, 2016.  At Dec. 31, 2017, PBI Bank's Common equity Tier I
risk-based capital ratio was 10.35%, compared with 8.28% at
Dec. 31, 2016.

At Dec. 31, 2017, Porter Bancorp's Tier 1 leverage ratio was 7.11%,
compared with 5.27% at Dec. 31, 2016, and its Total risk-based
capital ratio was 10.55%, compared with 10.21% at Dec. 31, 2016.
Porter Bancorp's Common equity Tier I risk-based capital ratio was
6.92%, compared with 5.20% at Dec. 31, 2016.

The Company has a net deferred tax asset of $31.3 million at
Dec. 31, 2017.

As of Dec. 31, 2017, Porter Bancorp had $970.80 million in total
assets, $898.12 million in total liabilities and $72.67 million in
total stockholders' equity.

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

                     https://is.gd/6zBIMP

                     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.

                          *    *    *

This concludes the Troubled Company Reporter's coverage of Porter
Bancorp, Inc. until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at a
level sufficient to warrant renewed coverage.


PRIME SECURITY: S&P Alters Outlook to Positive & Affirms 'B+' CCR
-----------------------------------------------------------------
The largest U.S. alarm monitoring service provider, Prime Security
Services Borrower LLC, has completed its IPO and paid down part of
its financial debt, which has materially strengthened its credit
metrics.

S&P Global Ratings is thus affirming its 'B+' corporate credit
rating on Boca Raton, Fla.–based alarm monitoring service
provider Prime Security Services Borrower LLC (Prime). S&P revised
the outlook to positive from stable.

S&P said, "We also affirmed our 'BB-' issue-level rating, on the
company's first-lien debt. The recovery rating remains '2',
indicating our expectations for significant (70%-90%; rounded
estimate: 75%) recovery in the event of payment default. We
affirmed our 'B-' issue-level rating on the company's second-lien
debt. The recovery rating remains '6', indicating our expectations
for negligible recovery (0%-10%; rounded estimate: 0%)."

The outlook revision reflects Prime's recent deleveraging, with the
company receiving more than $1.4 billion in IPO proceeds. With the
proceeds, Prime will redeem $594 million in principal on the 9.25%
second-lien notes due 2023 and $750 million Koch preferred
securities. S&P said, "Moreover, we acknowledge the company's
positive operating momentum, with Prime demonstrating stable
earnings growth while balancing the cash outflows needed to compete
in a competitive environment with high attrition rates. We view the
use of IPO proceeds toward deleveraging and reducing interest
expenses as a credit positive. However, despite the improved credit
measures, we are still somewhat concerned regarding the company's
future financial policy. With the new ownership structure, the
financial sponsors still have a majority of the board seats. While
we think the IPO minimizes the likelihood of leveraging
transactions such as dividends or other returns to shareholders, we
do not think the risk is completely curtailed."

The positive outlook reflects the improvements in operating metrics
at the combined ADT/Protection One company as well as our
expectations for moderating integration costs.  While capital
expenditures remain high, Prime maintains a leading market position
in the U.S. alarm monitoring market. S&P expects the company will
maintain leverage in the 4x area while enabling FOCF to debt to
grow above 5% on a sustained basis.

S&P said, "We could raise the rating if Prime grows its free cash
flow, sustaining free cash flow to debt  in the high-single-digit
percentage area on an annual run rate, with strong operating
metrics and management of cash usage. An upgrade would be
predicated on our belief that the company will not releverage
materially for a large acquisition or shareholder payment thereby
maintaining leverage below 5x on a sustained basis.

"We could revise the outlook to stable if FOCF to debt declines
below 5% and leverage rises above 5x because of increased
subscriber attrition, debt-funded acquisitions or dividends, or
operational challenges."


QUADRANT 4: Plan Exclusivity Period Extended to Feb. 6
------------------------------------------------------
The Hon. Jack N. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois, at the behest of Quadrant 4 System
Corp. and its affiliates, has extended the exclusivity period to
propose and solicit acceptances of a Chapter 11 plan to Feb. 6,
2018, without prejudice to a possibility of further extension.

As reported by the Troubled Company Reporter on Jan. 25, 2018, the
Debtors asked the Court for a 90-day extension of their exclusivity
periods to propose and solicit acceptances of a Chapter 11 plan.
Specifically, Q4 asked that the plan proposal period be extended to
April 25, 2018, from Jan. 25, 2018, and that the solicitation
period be extended to Jun. 24, 2018, from March 26, 2018.

Stratitude has not previously moved to extend the Exclusivity
Periods with respect to the Stratitude case.  The Plan Proposal
Period in the Stratitude case expires on Feb. 10, 2018 and the
Solicitation Period expires on April 11, 2018.

The Plan Proposal Period in the Q4 Case expires on Jan. 25, 2018,
and the Solicitation Period in the Q4 Case expires on March 26,
2018.

The Debtors asserted that cause exists to extend the Exclusivity
Periods, primarily because the Debtors have not yet had an
opportunity to focus on negotiating a successful Chapter 11 plan
and prepare adequate information in support thereof.  Since their
respective Petition Dates, the Debtors' attention has been
singularly focused on selling substantially all their assets --
efforts that have paid off for their creditors by generating a
large pool of money for their estates and for the benefit of both
secured and unsecured creditors.

The respective directors, officers and management of the Debtors
overlap significantly.  Stratitude's assets served as collateral
for Q4's secured lenders. As such, during the first six months of
the Q4 case, Q4's management team and professionals have also spent
significant time marketing Stratitude's assets and negotiating the
terms of a sale of those assets, ultimately led to Court approval
and closing of the Stratitude Asset Sale in the beginning of
December 2017.

In addition to Asset Sales, Q4 and its professionals maintain
ongoing efforts to sell the QHIX Healthcare Platform Business Unit
including marketing and negotiations for distinct subparts of that
Business Unit.

Further, Q4 and its professionals have committed significant time
and effort to resolving the disposition of Q4's licenses under the
License Agreement with TriZetto and the parties' disputes
thereunder.  Q4 first began exploring a settlement and buy-down
with TriZetto in September 2017. Such discussions ultimately led to
the parties agreeing to the Modification Agreement submitted to
this Court for presentment on Jan. 23, 2018. Relatedly, significant
efforts were also committed to the drafting of the Modification
Agreement Motion, including addressing the concerns for Q4's
secured creditors and the Committee.

Despite the vast majority of the Debtors' attention being directed
to the efforts, the Debtors have begun negotiations with the
Committee with the goal of drafting a joint plan of liquidation.
As of the filing of this motion, a draft term sheet has been
circulated between the Debtors and the Committee and negotiations
are well underway, meaning there is a high likelihood of the filing
and solicitation of a joint, confirmable plan, prior to the
Proposed Expiration Dates.

In connection with their successful and time-consuming efforts
regarding the Asset Sales and the Modification Agreement, the
Debtors have worked closely with their secured lenders and the
Committee throughout the Chapter 11 Cases to obtain consensus and
cooperation among the key constituencies where possible. In the
same vein, the Debtors have strived to address concerns and
comments from the Office of the United States Trustee.
Accordingly, a majority of the effort of the Debtors and their
professionals occur "behind the scenes" in this matter.

Finally, as detailed in the Declarations, the Chapter 11 Cases were
filed in less than ideal circumstances as a result of the Criminal
Action, the SEC Action, and the action of the Criminal Defendants.
These actions have required additional time and effort on the
Debtors' part to complete their Schedules and Statement of
Financial Affairs, and have generally complicated the
fact-gathering process for many of the motions filed and presented
to date.

                    About Quadrant 4 System

Quadrant 4 System Corporation (OTC:QFOR) -- http://www.qfor.com/--
sells IT products and services.  Its revenues are primarily
generated from the placement of staffing or solution consultants,
and the sale and licensing of its proprietary cloud-based Software
as a Service (SaaS) systems, as well as a wide range of technology
oriented services and solutions.  The company's principal executive
offices are located in Schaumburg Illinois.  It also operates its
business from various offices located in Naples, Florida;
Alpharetta, Georgia; Bingham Farms, Michigan; Cranbury, New Jersey;
Pleasanton, California; and Ann Arbor, Michigan.

Quadrant 4 is the 100% owner of the issued and outstanding common
stock of Stratitude, Inc., a California corporation, which it
acquired on or about Nov. 3, 2016. Concurrently with the Stratitude
Acquisition, Stratitude acquired certain of the assets of Agama
Solutions, Inc., a California corporation.  Both Stratitude and
Agama are located in Pleasanton and Fremont, California and are
engaged in the IT business.

Quadrant 4 disclosed total assets of $47.05 million and total
liabilities of $31.39 million as of Sept. 30, 2016.

Quadrant 4 filed a Chapter 11 petition (Bankr. N.D. Ill. Case No.
17-19689) on June 29, 2017.  CEO Robert H. Steele signed the
petition.

Stratitude, Inc., filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 17-30724) on Oct. 13, 2017.  The case is jointly
administered with that of Quadrant 4.  The Debtors' cases are
assigned to Judge Jack B. Schmetterer.

Quadrant 4, which was subject to a securities fraud probe that led
to the arrest and resignation of its top two executives seven
months ago, sought Chapter 11 protection after reaching a
settlement with the U.S. Securities and Exchange Commission and
signing deals to sell four business segments for at least $6.9
million.

The Debtors' bankruptcy counsel is Adelman & Gettleman Ltd.  Nixon
Peabody LLP acts as special counsel to the Debtors for matters
concerning taxes, labor, ERISA, securities compliance,
international law, and related matters while Faegre Baker Daniels
LLP acts as special counsel for securities litigation.  The Debtors
hired Silverman Consulting Inc. as financial consultant, and
Livingstone Partners, LLC, as investment banker.

On July 10, 2017, an official committee of unsecured creditors was
appointed in the Debtor's case.  The Committee retained Sugar
Felsenthal Grais & Hammer LLP as its legal counsel, and Amherst
Partners, LLC, as its financial advisor.


RAGGED MOUNTAIN: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Lead Debtor: Ragged Mountain Equipment, Inc.
             dba Durable Designs
             P.O. Box 130
             Intervale, NH 03845

Type of Business: Ragged Mountain Equipment --
                  http://raggedmountain.com/-- operates a  
                  sporting goods store in Intervale, New
                  Hampshire.  The company offers equipment
                  for camping, climbing, skiing, and pets
                  such as handwear, gaiters, headgear, luggage
                  and buckles.

Chapter 11 Petition Date: January 25, 2018

Affiliates that filed voluntary petitions seeking relief under
Chapter 11 of the Bankruptcy Code:

     Debtor                                     Case No.
     ------                                     --------
     Ragged Mountain Equipment, Inc.            18-10091
     Hurricane Mountain Equipment LLC           18-10092

Court: United States Bankruptcy Court
       District of New Hampshire (Concord)

Debtors' Counsel: Steven M. Notinger, Esq.
                  NOTINGER LAW, PLLC
                  7A Taggart Drive
                  Nashua, NH 03060
                  Tel: (603)417-2158
                  E-mail: steve@notingerlaw.com

Assets and Liabilities:

                       Assets               Liabilities
                       ------               -----------
Ragged Mountain        $627,408             $2,060,000
Hurricane Mountain  $500K to $1 mil.   $500,000 to $1 mil.

The petitions were signed by Robert D. Nadler, authorized
representative.

A copy of Ragged Mountain Equipment's petition, containing a list
of the Debtor's 20 largest unsecured creditors, is available for
free at:

         http://bankrupt.com/misc/nhb18-10091.pdf

A copy of Hurricane Mountain Equipment's petition, containing a
list of the Debtor's 13 unsecured creditors, is available for free
at:

         http://bankrupt.com/misc/nhb18-10092.pdf



RED CHIP VENTURES: Taps Hilco as Real Estate Advisor
----------------------------------------------------
Red Chip Ventures Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Hilco Real
Estate LLC as its real estate advisor.

The firm will assist the company and its affiliate Blue Chip
Ventures LLC in marketing and selling three contiguous empty lots
in Manhattan.  

The proceeds of the purchase price remaining after payment of
Hilco's fee will be allocated between the estates of Red Chip
Ventures and Blue Chip Ventures, which filed a separate Chapter 11
case.

Under the services agreement, Hilco will advance a marketing
investment budget of up to $21,521 to market the properties and
will be paid a buyer's premium of 5% of the purchase price for the
properties but will receive a commission of only 1% of any credit
bid.  Moreover, the firm will be reimbursed its marketing expenses
actually expended only if there is no sale of the properties, the
properties are sold through a successful credit bid, or the auction
is cancelled.

Jeff Azuse, senior vice-president of Hilco, disclosed in a court
filing that his firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Jeff Azuse
     Hilco Real Estate LLC
     5 Revere Dr., Suite 320
     Northbrook, IL 60062
     Phone: 847.714.1288

                   About Red Chip Ventures

Red Chip Ventures Inc. listed its business as Single Asset Real
Estate (as defined in 11 U.S.C. Section 101(51B).  Its principal
assets are located at 207 Cabrini Boulevard, New York 10033.  The
company is an affiliate of Blue Chip Ventures, which filed for
Chapter 11 protection (Bankr. S.D.N.Y. Case No. 17-12686) on Sept.
25, 2017.

Red Chip Ventures Inc., based in Brooklyn, NY, filed a Chapter 11
petition (Bankr. S.D.N.Y. Case No. 17-13161) on Nov. 7, 2017.  In
the petition signed by President Melvin Caro, the Debtor estimated
$1 million to $10 million in assets and $50,000 to $100,000 in
liabilities.  The Hon. Sean H. Lane presides over the case.  Isaac
Nutovic, Esq., at Nutovic & Associates, serves as bankruptcy
counsel to the Debtor.


RMG ENTERPRISES: Taps Accounting Solutions as Accountant
--------------------------------------------------------
RMG Enterprises, LTD. seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Virginia to hire Accounting Solutions,
LLC as its accountant.

The firm will assist the Debtor in preparing accounting reports and
tax returns; analyze and report on the tax impact of its plan of
reorganization; and provide other accounting services which may be
required in its Chapter 11 case.

Anne Allen, principal of Accounting Solutions, disclosed in a court
filing that the members of her firm do not hold or represent any
interest adverse to the Debtor and its estate.

Accounting Solutions can be reached through:

     Anne F. Allen
     Accounting Solutions, LLC
     510 Princess Anne St., Suite 200
     Fredericksburg, VA 22401
     Tel: (540) 479-3541
     Cell: (540) 207-2674
     Fax: (540) 479-3542
     E-mail: anne@acctgsolutionsllc.com

                      About RMG Enterprises

Headquartered in Fredericksburg, Virginia, RGM Enterprises, Ltd.,
t/a Commonwealth Carrier -- http://commonwealthcarrier.net/--
provides time-sensitive transposition, merging, and transshipment
services; specialized handling of fragile materials; handling,
reporting, and  inventory of products; customized transportation of
unique products; reload, storage, inventory and distribution of
rail delivered products; and a unique 24/7/365 emergency service
for its small client base.  The company's 4.5-acre Fredericksburg,
Virginia complex has a 55,000 sq. ft. warehouse with an acre of
dedicated paved and lighted yard.  RGM has been providing "Uncommon
Services" since 1973.

RGM Enterprises filed for Chapter 11 bankruptcy protection (Bankr.
E.D. Va. Case No. 17-36349) on Dec. 27, 2017, listing $622,087 in
total assets as of Nov. 30, 2017, and $1.37 million, in total
liabilities as of Nov. 30, 2017.  Patrick F. Smith, president,
signed the petition.  Robert B. Easterling, Esq., in
Fredericksburg, Virginia, serves as counsel to the Debtor.



RMG ENTERPRISES: Taps Robert Easterling as Bankruptcy Counsel
-------------------------------------------------------------
RMG Enterprises, LTD., seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Virginia to hire Robert
Easterling, Esq., as its legal counsel.

Mr. Easterling will advise the Debtor regarding its duties under
the Bankruptcy Code; assist in its consultations with creditors;
represent the Debtor in adversary proceedings and civil actions;
prepare a bankruptcy plan; and provide other legal services related
to its Chapter 11 case.

Mr. Easterling will charge $350 per hour for attorney time and $150
per hour for paralegal time.  The Debtor paid him $20,000, of which
$1,717 was used to pay the filing fee.  

In a court filing, Mr. Easterling disclosed that he does not
represent any creditor or person adverse or potentially adverse to
the Debtor and its bankruptcy estate.

Mr. Easterling maintains an office at:

     Robert B. Easterling, Esq.
     2217 Princess Anne Street, Suite 100-2
     Fredericksburg, VA 22401
     Phone: (540) 373-5030
     Fax: (540) 373-5234
     E-mail: eastlaw@easterlinglaw.com

                      About RMG Enterprises

Headquartered in Fredericksburg, Virginia, RGM Enterprises, Ltd.,
t/a Commonwealth Carrier -- http://commonwealthcarrier.net/--
provides time-sensitive transposition, merging, and transshipment
services; specialized handling of fragile materials; handling,
reporting, and  inventory of products; customized transportation of
unique products; reload, storage, inventory and distribution of
rail delivered products; and a unique 24/7/365 emergency service
for its small client base.  The company's 4.5-acre Fredericksburg,
Virginia complex has a 55,000 sq. ft. warehouse with an acre of
dedicated paved and lighted yard.  RGM has been providing "Uncommon
Services" since 1973.

RGM Enterprises filed for Chapter 11 bankruptcy protection (Bankr.
E.D. Va. Case No. 17-36349) on Dec. 27, 2017, listing $622,087 in
total assets as of Nov. 30, 2017, and $1.37 million, in total
liabilities as of Nov. 30, 2017.  Patrick F. Smith, president,
signed the petition.  Robert Easterling, Esq., is the Debtor's
legal counsel.


ROMULUS INTERMEDIATE: S&P Assigns 'B' CCR, Outlook Stable
---------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to
Westport, Conn.-based Romulus Intermediate Holdings 2 Inc. The
outlook is stable.

S&P said, "At the same time, we assigned a 'B' issue-level rating
and a '3' recovery rating to the proposed first-lien facility,
consisting of a $75 million revolver (undrawn at close), a $470
million first-lien term loan, and a $125 million delayed-draw
first-lien term loan (undrawn at close). The '3' recovery rating
reflects our expectation for meaningful recovery (50%-70%; rounded
estimate: 55%) in the event of a payment default.

"In addition, we assigned a 'CCC+' issue-level rating and a '6'
recovery rating to the proposed second-lien facility, consisting of
a $215 million second-lien term loan and $50 million delayed-draw
second-lien term loan (undrawn at close). The '6' recovery rating
reflects our expectation for negligible recovery (0%-10%; rounded
estimate: 0%) in the event of a payment default.

"Our 'B' corporate credit rating on Romulus reflects the company's
top-three market position in the attractive, but niche and highly
fragmented veterinary services industry. Romulus also lacks
significant scale compared to the top two players in the market and
the acquisition by KKR increases leverage significantly to 9.3x.
While we expect leverage to decline as EBITDA grows, we believe the
company will sustain leverage of above 6x given the
acquisition-driven nature of its business strategy.

"The stable outlook reflects our expectation that Romulus will
continue generating acquisition-driven double-digit revenue growth
and that EBITDA margins will remain stable, allowing the company to
generate moderate free operating cash flows. At the same time, we
expect the company's aggressive debt-financed growth strategy will
cause it to sustain leverage above 7.0x through 2018."


ROMULUS MERGER: Moody's Assigns B3 CFR; Outlook Stable
------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating and
B3-PD Probability of Default Rating to Romulus Merger Sub (dba
PetVet Care Centers LLC, "PetVet"). Moody's also assigned B2
ratings to the company's proposed first-lien credit facilities,
consisting of a $75 million revolver expiring 2023, a $470 million
term loan due 2025, and a $125 million delayed draw term loan due
2025. In addition, Moody's assigned Caa2 ratings to the company's
proposed second-lien debt issuance, including a $215 million term
loan due 2026 and a $50 million delayed draw term loan due 2026.
Proceeds from the new term loans, along with common equity from
private equity firm KKR, will be used to finance the acquisition of
PetVet by KKR in a leveraged buyout transaction. The ratings
outlook is stable.

At the close of the transaction, Romulus Merger Sub will be merged
with and into Pearl Intermediate Parent LLC, with Pearl
Intermediate Parent LLC being the surviving entity.

The following ratings were assigned:

Issuer: Romulus Merger Sub (subsequently Pearl Intermediate Parent
LLC):

Corporate Family Rating, B3

Probability of default rating, B3-PD

Proposed $75 million senior secured first-lien revolving credit
facility due 2023, B2 (LGD3)

Proposed $470 million senior secured first-lien term loan due
2025, B2 (LGD3)

Proposed $125 million delayed draw senior secured first-lien term
loan due 2025, B2 (LGD3)

Proposed $215 million senior secured second-lien term loan due
2026, Caa2 (LGD5)

Proposed $50 million delayed draw senior secured second-lien term
loan due 2026, Caa2 (LGD5)

Rating outlook: Stable

RATINGS RATIONALE

Romulus Merger Sub's (dba PetVet Care Centers, "PetVet" and
subsequently Pearl Intermediate Parent LLC) B3 Corporate Family
Rating (CFR) broadly reflects its high financial risk profile
(Moody's-adjusted debt-to-EBITDA of 8.4 times on a pro forma
basis), which is expected to persist as the company continues to
use debt to fund acquisitions. The rating is also constrained by
the company's small scale relative to larger players in the
veterinary industry, and event and financial policy risks related
to both the aforementioned aggressive acquisition strategy and its
private equity ownership. However, the rating benefits from
favorable long term trends in the pet care sector that underpin
healthy same-store sales growth in the mid-single-digits. The
rating is also supported by strong recurring revenue, good
geographic diversification and a proven ability to successfully
integrate acquisitions.

The stable outlook reflects Moody's expectation that the company's
relatively stable business profile will result in sustained
positive free cash flow.

The ratings could be downgraded if operational performance
deteriorates or liquidity weakens. Inability to manage its rapid
growth, or if EBITA-to-interest falls below one times, could also
put downgrade pressure on the company's ratings.

The ratings could be upgraded if the company delivers sustained
revenue and earnings growth and is successful in integrating
acquisitions. Moderation of financial policies, partially evidenced
by leverage trending below 6.5 times while good cash flows are
generated and solid liquidity is maintained could also support a
prospective upgrade.

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

Based in Westport, CT, PetVet Care Centers, LLC is a national
veterinary hospital consolidator, offering a full range of medical
products and services, and operating 125 locally-branded animal
hospitals. Following the leveraged buyout transaction, PetVet will
be owned by private equity firm KKR. LTM revenue (as of September
30, 2017) was $303 million.


RXI PHARMACEUTICALS: Regains Compliance With Nasdaq Listing Rule
----------------------------------------------------------------
RXi Pharmaceuticals Corporation received written notice on Jan. 23,
2018, from the Nasdaq Stock Market, LLC notifying the Company that
it had regained compliance with the minimum bid price requirement
set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing
on The Nasdaq Capital Market.  The Notification Letter was sent
following the implementation of a one-for-ten reverse split of the
Company's common stock, which became effective on Jan. 8, 2018.

                            About RXi

Headquartered in Marlborough, Massachusetts, RXi Pharmaceuticals
Corporation (NASDAQ: RXII) -- http://www.rxipharma.com-- is a
clinical-stage company developing innovative therapeutics that
address significant unmet medical needs.  Building on the
pioneering discovery of RNAi, scientists at RXi have harnessed the
naturally occurring RNAi process which can be used to "silence" or
down-regulate the expression of a specific gene that may be
overexpressed in a disease condition.  RXi developed a robust RNAi
therapeutic platform including self-delivering RNA (sd-rxRNA)
compounds, that have the ability to selectively block the
expression of any target in the genome, thus providing
applicability to many therapeutic areas.  The Company's current
programs include dermatology, ophthalmology and cell-based cancer
immunotherapy.  RXi's extensive patent portfolio provides for
multiple product and business development opportunities across a
broad spectrum of therapeutic areas and the Company actively
pursues research collaborations, partnering and out-licensing
opportunities with academia and pharmaceutical companies.

RXi reported a net loss applicable to common stockholders of $11.06
million for the year ended Dec. 31, 2016, a net loss applicable to
common stockholders of $10.43 million for the year ended Dec. 31,
2015, and a net loss applicable to common stockholders of $12.93
million for the year ended Dec. 31, 2014.  As of Sept. 30, 2017,
RXi had $6.03 million in total assets, $2.60 million in total
liabilities, all current, and $3.43 million in total stockholders'
equity.

"The Company has limited cash resources, certain limitations under
the purchase agreement with Lincoln Park Capital Fund, LLC ("LPC")
and has expended substantial funds on the research and development
of our product candidates and funding general operations.  As a
result, we have reported recurring losses from operations since
inception and expect that we will continue to have negative cash
flows from our operations for the foreseeable future. Historically,
the Company's primary source of financing has been the sale of its
securities.  Our ability to continue to fund our operations is
dependent on the amount of cash on hand and our ability to raise
additional capital through, but not limited to, equity or debt
offerings or strategic opportunities.  This is dependent on a
number of factors, including the market demand or liquidity of our
common stock.  There can be no assurance that the Company will be
successful in accomplishing these plans.  As a result, we have
concluded that there is substantial doubt regarding our ability to
continue as a going concern for at least one year.  If we fail to
obtain additional funding when needed, we would be forced to scale
back or terminate our operations or to seek to merge with or to be
acquired by another company.  These financial statements do not
include any adjustments to, or classification of, recorded asset
amounts and classification of liabilities that might be necessary
should the Company be unable to continue as a going concern," the
Company said in its quarterly report for the period ended Sept. 30,
2017.


S & E HOLDINGS: Taps Matthew P. Conrad as Accountant
----------------------------------------------------
S & E Holdings Inc. seeks approval from the U.S. Bankruptcy Court
for the Middle District of Pennsylvania to hire Matthew P. Conrad,
CPA, LLC, as its accountant.

The firm will assist the Debtor in the preparation of its 2017 tax
returns and will be paid an hourly fee of $150 for its services.

Matthew Conrad, a certified public accountant, disclosed in a court
filing that he is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Matthew P. Conrad, CPA, LLC
     14 N. Main Street
     Lewistown, PA 17044
     Phone: (717) 242-1512
     Fax: 717-242-3282
     Email: mconrad@lewistowncpa.com

                     About S & E Holdings

S & E Holdings, Inc., is a small business debtor engaged in wood
product manufacturing.  S & E Holdings sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa. Case No.
17-04250) on Oct. 12, 2017.  In its petition signed by Ernest L.
Knepp, Jr., president, the Debtor estimated assets of $1 million to
$10 million and liabilities of less than $1 million.  Judge Henry
W. Van Eck presides over the case.  The Law Office of Lawrence G.
Frank is the Debtor's bankruptcy counsel.


SAILING EMPORIUM: Sale of Parcels Delays Plan Filing
----------------------------------------------------
The Sailing Emporium, Inc., asks the U.S. Bankruptcy Court for the
District of Maryland, to extend the exclusive periods during which
only the Debtor can file a plan of reorganization and solicit
acceptance of the plan through and including May 1, 2018, and July
1, 2018, respectively.

As reported by the Troubled Company Reporter on Oct. 24, 2017, the
Court previously extended the Debtor's exclusive period to file a
plan to Jan. 27, 2018, and to obtain acceptances of the plan to
March 29, 2018.

The Debtor says that cause exists in this case to extend the
Exclusive Filing and Acceptance Periods because the Debtor and
William Arthur Willis and Mary Sue Willis, the debtors and debtors
in possession in jointly-administered Case No. 16-26458-TJC,
recently closed a complicated transaction in which The Peoples Bank
was paid its principal and other charges exceeding $2.4 million.
The transaction, which involved the sale of parcels owned by the
three estates, proved to be more time-consuming than anticipated.

The Debtor requests that it be given an opportunity to resolve the
remaining issues now that the sale has been accomplished.  This
additional time will allow the Debtor to properly analyze whether a
plan is the proper course of action under the circumstances of this
case.

The Debtor warns that termination of the Exclusive Filing and
Acceptance Periods at this time might give rise to multiple plans
and a contentious confirmation process.  The litigation and
resulting administrative expense would serve only to decrease
recoveries to the Debtor's creditors and delay the Debtor's ability
to confirm a plan in this bankruptcy case.  Given the consequences
if the relief requested herein is not granted, the requested
extensions will not prejudice the legitimate interests of any party
in interest in this bankruptcy case.  Rather, the extension will
further the Debtor's efforts to preserve value and avoid
unnecessary and wasteful litigation.

The Debtor assures the Court that it is not seeking an extension of
the Exclusive Filing and Acceptance Periods to unduly pressure the
Debtor's creditors.  Instead, the extensions requested will
facilitate the Debtor's efforts by providing the Debtor with a full
and fair opportunity to resolve post-closing issues and formulate
and finalize a plan, if appropriate.  

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

          http://bankrupt.com/misc/mdb16-24498-319.pdf

                   About The Sailing Emporium

The Sailing Emporium, Inc., owns and operates a full service marina
located on the picturesque Eastern Shore of Maryland on eight acres
on Rock Hall Harbor in Rock Hall, Maryland.  Services include boat
sales, boat repair and restoration, electronics sales and service
and sailboat charters.  The Property also includes a marine store
and nautical gift shop.  The Property has 155 deep water slips and
20 transient slips, and the landscaped grounds and other amenities
have made this marina a point of interest in Rock Hall.

The Sailing Emporium, Inc., filed a Chapter 11 petition (Bankr. D.
Md. Case No. 16-24498) on Nov. 1, 2016.  The petition was signed by
William Arthur Willis, president.  The Debtor estimated assets and
liabilities at $1 million to $10 million at the time of the
filing.

The case is assigned to Judge Thomas J. Catliota.

The Debtor tapped Lisa Yonka Stevens, Esq., at Yumkas, Vidmar,
Sweeney & Mulrenin, LLC, as counsel.  The Debtor also engaged
Andrew Cantor and Marcus & Millichap Real Estate Investment
Services as broker, and tapped Gary T. Mott & Associates, CPA,
P.A., as accountant.


SCIENTIFIC GAMES: Expects 9% Revenue Increase in Q4 2017
--------------------------------------------------------
Scientific Games Corporation announced selected preliminary
financial results for the fourth quarter and full year ended Dec.
31, 2017, in connection with the opportunity to refinance a portion
of its debt to take advantage of favorable market conditions to
lower its cost of debt and extend maturities.

Results of Operations

The Company currently expects consolidated revenue to increase
approximately nine percent to a range of approximately $820-to-$825
million for the three month period ended Dec. 31, 2017, and full
year 2017 revenue to grow approximately seven percent and be in a
range of approximately $3,081-to-$3,086 million compared to $752
million and $2,883 million for the fourth quarter and full year
2016, respectively.

The Company further expects that its net loss for the fourth
quarter 2017 will be in a range of approximately $40-to-$50
million, inclusive of a projected $28 million of restructuring and
other charges, which primarily includes M&A costs associated with
the NYX Gaming Group transaction that was completed on Jan. 5,
2018.  Full year 2017 net loss is expected to be in a range of
approximately $238-to-$248 million.  Fourth quarter 2016 net loss
was $111 million and full year 2016 net loss was $354 million.

Fourth quarter 2017 Attributable EBITDA, a non-GAAP financial
measure, is expected to be approximately $320-to-$325 million with
full year 2017 AEBITDA of approximately $1,220-to-$1,225 million.
Fourth quarter 2016 AEBITDA was $294 million and full year 2016
AEBITDA was $1,104 million.

"Our preliminary results for the fourth quarter 2017 reflect our
focus on generating top-line growth and ongoing improvements across
our gaming, lottery and interactive operations," said Kevin
Sheehan, CEO and president of Scientific Games.  "I am proud of the
dedication and success achieved by the collaborative efforts of our
Scientific Games colleagues around the globe who continue to
empower our customers and deliver success for all our
stakeholders."

The preliminary unaudited results are derived from preliminary
internal financial reports and are subject to revision based on the
Company's procedures and controls associated with the completion of
its year-end financial reporting, including all the customary
reviews and approvals, and completion by the Company's independent
registered public accounting firm of its audit of such financial
statements for the year ended Dec. 31, 2017.  Accordingly, actual
results may differ from these preliminary results and such
differences may be material.  The Company currently anticipates
releasing its fourth quarter results and full year 2017 results on
Feb. 28, 2018 after market close.

The Company is sharing these preliminary financial results with its
prospective lenders in connection with a potential refinancing
transaction, in which it would take advantage of favorable market
conditions to refinance approximately $1,400 million of its
outstanding 7.000% senior secured notes due 2022 and approximately
$185 million of borrowings under its revolving credit facility with
a combination of new senior secured term loans and new senior
secured notes, as well as approximately $300 million of new senior
unsecured notes.  The Company has not committed to engage in any
refinancing transaction, the terms of the potential refinancing
transaction described above is subject to change, and the pursuit
of any refinancing transaction is subject to market conditions.

                    About Scientific Games

Based in Las Vegas, Nevada, Scientific Games Corporation (NASDAQ:
SGMS) -- http://www.scientificgames.com/-- is a gaming
entertainment company offering a portfolio of game content,
advanced systems, cutting-edge platforms and professional services.
The company offers technology-based gaming systems, digital
real-money gaming and sports betting platforms, casino table games
and utility products and lottery instant games, and a leading
provider of games, systems and services for casino, lottery and
social gaming.  Committed to responsible gaming, Scientific Games
delivers what customers and players value most: trusted security,
engaging entertainment content, operating efficiencies and
innovative technology.

Scientific Games reported a net loss of $353.7 million in 2016, a
net loss of $1.39 billion in 2015 and a net loss of $234.3 million
in 2014.  Scientific Games had $7.06 billion in total assets, $9.03
billion in total liabilities and a $1.97 billion total
stockholders' deficit.


SEARS HOLDINGS: Moody's Cuts CFR to Ca on Debt Exchange
-------------------------------------------------------
Moody's Investors Service downgraded Sears Holdings Corp.'s
Corporate Family Rating to Ca from Caa3. Actions on other rated
debt instruments are detailed below. The rating outlook remains
negative. The downgrade reflects the company's announcement of its
pursuit of debt exchanges which would reduce cash interest and
extend the maturity of its second lien notes due in October 2018.
Approximately $1.3 billion of $4.2 billion of debt is being
affected by the exchanges. "Sears' proposed debt exchanges are a
necessary step given its upcoming maturities as its unencumbered
asset base continues to decline and its business turnaround remains
elusive", said Vice President, Christina Boni. "Debt maturities in
the upcoming year amount to over $1.2 billion as cash used in
operations is expected to approach $1.8 billion this year."

Downgrades:

Issuer: Sears Holdings Corp.

-- Probability of Default Rating, Downgraded to Ca-PD from Caa3-
    PD

-- Corporate Family Rating, Downgraded to Ca from Caa3

-- Senior Secured Bank Credit Facility, Downgraded to Caa1(LGD2)
    from B3(LGD2)

-- Senior Secured Regular Bond/Debenture, Downgraded to Ca(LGD4)
    from Caa3(LGD4)

-- Senior Unsecured Regular Bond/Debenture, Downgraded to C(LGD6)

    from Ca(LGD6)

Issuer: Sears Roebuck Acceptance Corp.

-- Senior Unsecured Regular Bond/Debenture, Downgraded to C(LGD5)

    from Ca(LGD5)

Outlook Actions:

Issuer: Sears Holdings Corp.

-- Outlook, Remains Negative

Affirmations:

Issuer: Sears Holdings Corp.

-- Speculative Grade Liquidity Rating, Affirmed SGL-4

Issuer: Sears Roebuck Acceptance Corp.

-- Commercial Paper, Affirmed NP

RATINGS RATIONALE

Sears' Ca rating reflects the company's announced pursuit of debt
exchanges to extend maturities and its sizable operating losses -
Domestic Adjusted EBITDA (as defined by Sears) was an estimated
loss of approximately $625 million for the LTM period ending
October 28, 2017. While the company continues to take substantial
steps to reduce its cost base, its strategies have not enabled the
company to reduce its operating losses to approach break-even
levels. Continued operating losses must be financed as upcoming
maturities in 2018 must be addressed. The Ca rating also reflects
material reduction in its alternative sources of capital through
$839 million in property and asset sales to date through the third
quarter of 2017, over $600 million in additional secured loans in
fiscal 2017, and the sale of its Craftsman brand (for a value of
approximately $900 million). These significant transactions and its
recent agreement with the PBGC to monetize additional stores are
integral to funding its operating losses. Its debts are significant
with approximately $4.2 billion of funded debt as well as unfunded
pension and postretirement obligations of approximately $1.7
billion. The ratings also reflect Moody's view on the uncertainty
of the viability of the Kmart franchise in particular given its
meaningful market share erosion with an estimated reduction of
stores in excess of 30% this year.

The negative rating outlook reflects Moody's view that business
will continue to suffer considerable operating losses that will
need to be funded. Although the company has alternative assets to
enhance its liquidity its proposed debt exchanges are being pursued
and near term maturities remain significant.

Ratings are unlikely to be upgraded given the negative outlook.
Ratings could be upgraded if its 2018 maturities are refinanced and
operating losses return to breakeven levels while improving to an
adequate liquidity profile.

Ratings could be downgraded if the company's liquidity were to
weaken further, or if its upcoming 2018 maturities are not
refinanced or a distressed exchange is completed.

Headquartered in Hoffman Estates, IL, Sears Holdings Corporation
("Sears Holdings") through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, operates 1,104 stores in the
US along with websites including sears.com and kmart.com as of
October 28, 2017. LTM domestic revenues are approximately $18.4
billion. Approximately 49% of Sears Holdings' common stock is held
by entities affiliated with Sears Chairman and CEO Mr. Edward S.
Lampert.

The principal methodology used in these ratings was Retail Industry
published in October 2015.


SHREE SWAMINARAYAN: Mediation Delays Plan Filing
------------------------------------------------
Shree Swaminarayan Satsang Mandal, Inc., asks the U.S. Bankruptcy
Court for the Eastern District of Texas to extend the exclusivity
period for the Debtor to file of a plan of reorganization by 90
days to April 22, 2018.

The 120-day exclusivity period for the Debtor to file a plan runs
on Jan. 24, 2018.

A hearing on the Debtor's request is set for Feb. 26, 2018, at
10:00 in the forenoon.

The Debtor and its largest creditor are planning to attend
mediation, at the suggestion of the Court.  However, the earliest
the mediation is likely to occur is late February.  The Debtor is
hopeful the parties can reach a comprehensive agreement that will
either allow the case to be dismissed, or allow the speedy
confirmation of a plan by the Debtor.

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

         http://bankrupt.com/misc/njb17-34558-53-1.pdf

              About Shree Swaminarayan Satsang Mandal

Shree Swaminarayan Satsang Mandal filed a Chapter 11 petition
(Bankr. E.D. Tex. Case No. 17-42100) on Sept. 26, 2017.  At the
time of filing, the Debtor estimated less than $1 million both in
assets and liabilities.  The Debtor tapped Andrew J. Kelly, Esq.,
at The Kelly Firm, P.C., and Joyce W. Lindauer, Esq., and Sarah M.
Cox, Esq., at Joyce W. Lindauer Attorney, PLC, as counsel.


SUNEDISON INC: Strategic Value Reports 40.6% Stake in Newco
-----------------------------------------------------------
Strategic Value Partners, LLC, disclosed in a regulatory filing
with the Securities and Exchange Commission that as of Dec. 29,
2019, SVP and its affiliated entities may be deemed to beneficially
own 11,713,224 or 40.6% of the common stock of SunEdison, Inc.,
consisting of:

     (i) 4,465,021 shares beneficially owned by Strategic Value
         Partners, LLC, as the investment manager of Strategic
         Value Master Fund, Ltd. And

    (ii) 4,459,000 shares beneficially owned by SVP Special
         Situations III LLC, as the investment manager of
         Strategic Value Special Situations Master Fund III,
         L.P.,

   (iii) 631,428 shares beneficially owned by SVP Special
         Situations IV LLC, as the investment manager of
         Strategic Value Special Situations Master Fund IV, L.P.;
         and

    (iv) 2,157,775 shares beneficially owned by SVP Special
         Situations III-A LLC, as the investment manager of
         Strategic Value Opportunities Fund, L.P. which may also
         be deemed to be beneficially owned by Strategic Value
         Partners, LLC, as the managing member of each such
         investment manager entity.

The shares were received on Dec. 29, pursuant to SunEdison's
bankruptcy-exit plan.

As of Dec. 29, there were about 28,833,208 shares of SunEdison
Common Stock outstanding.

The United States Bankruptcy Court for the Southern District of New
York on July 28, 2017, entered an order confirming the Second
Amended Joint Plan of Reorganization of SunEdison, Inc. and Its
Debtor Affiliates, dated July 20, 2017, and on Dec. 29, the Plan
became effective pursuant to its terms and the Debtors emerged from
bankruptcy.  All previously issued and outstanding equity interests
in the Company -- which include its prior common stock, $0.01 par
value per share -- were automatically cancelled and extinguished as
of the Effective Date.

SunEdison on June 8, 2017, entered into an Amended and Restated
Equity Commitment Agreement, by and between the Company and the
Backstop Purchasers party thereto.

In connection with the Equity Commitment Agreement, the Company
entered into a backstop commitment agreement, with the Backstop
Purchasers, pursuant to which the Backstop Purchasers agreed to
provide up to a $300.0 million commitment to backstop the Rights
Offering.

In accordance with the Plan, the Equity Commitment Agreement, and
certain rights offering procedures, the Company offered eligible
creditors, including the Backstop Purchasers, shares of Common
Stock of the reorganized Company (among other consideration).

In connection with the effectiveness of the Plan, Strategic Value
Master Fund, Ltd., Strategic Value Special Situations Master Fund
III, L.P., Strategic Value Special Situations Master Fund IV, L.P.
and Strategic Value Opportunities Fund, L.P.:

     (i) received 362,500.83 shares of Common Stock in connection
         with their claims against the Debtors,

    (ii) acquired 10,436,407.50 shares of Common Stock in
         connection with the Rights Offering, and

   (iii) received 914,315.50 shares of Common Stock as
         consideration in the form of a premium for their
         commitment pursuant to the Backstop Commitment
         Agreement.

The source of funds for the 10,436,407.50 shares of Common Stock
which were acquired pursuant to the Rights Offering was the working
capital, or funds available for investment, of the SVP Funds.

Strategic Value may be reached at:

         Victor Khosla
         Chief Investment Officer
         c/o Strategic Value Partners, LLC
         100 West Putnam Avenue
         Greenwich, CT 06830

              - and -

         James Dougherty
         Fund Chief Financial Officer
         c/o Strategic Value Partners, LLC
         100 West Putnam Avenue
         Greenwich, CT 06830

              - and -

         Edward Kelly
         Chief Operating Officer
         c/o Strategic Value Partners, LLC
         100 West Putnam Avenue
         Greenwich, CT 06830

              - and -

         David B. Charnin
         General Counsel and Chief Compliance Officer
         Strategic Value Partners, LLC
         100 West Putnam Avenue
         Greenwich, CT 06830
         Telephone: (203) 618-3500

                     About SunEdison, Inc.

SunEdison, Inc. (OTC PINK: SUNEQ), is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean power
generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

SunEdison, Inc., and 25 of its affiliates each filed a Chapter 11
bankruptcy petition (Bankr. S.D.N.Y. Case Nos. 16-10991 to
16-11017) on April 21, 2016.  Judge Stuart Bernstein presides over
the cases.  Martin H. Truong, SunEdison's senior vice president,
general counsel and secretary, signed the petitions.

The Debtors disclosed total assets of $20.7 billion and total debt
of $16.1 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rothschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.  The Debtors employed
PricewaterhouseCoopers LLP as financial advisors; and KPMG LLP as
their auditor and tax consultant.

SunEdison also tapped Eversheds LLP as its special counsel for
Great Britain and the Middle East.  Cohen & Gresser LLP has also
been retained as special counsel.

The Debtors tapped Ernst & Young LLP to provide tax-related
services.  Keen-Summit Capital Partners LLC has been hired as real
estate advisor.  Binswanger of Texas, Inc. also has been retained
as real estate agent.

Sullivan & Cromwell LLP serves as counsel to TerraForm Power, Inc.,
and TerraForm Global, Inc.

An official committee of unsecured creditors has been appointed in
the case.  The Committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.  Togut, Segal & Segal LLP and Kobre & Kim LLP serve as
conflicts counsel.  Alvarez & Marsal North America, LLC, serves as
the Committee's financial advisors.

Counsel to the administrative agent under the Debtors' prepetition
first lien credit agreement are Richard Levy, Esq., and Brad
Kotler, Esq., at Latham & Watkins.

Counsel to the administrative agent under the postpetition DIP
financing facility are Scott Greissman, Esq., and Elizabeth Feld,
Esq., at White & Case LLP.

Counsel to the Tranche B Lenders (as defined in the DIP credit
agreement) and the steering committee of the second lien creditors
are Arik Preis, Esq., and Naomi Moss, Esq., at Akin Gump Strauss
Hauer & Field, LLP.

Counsel to the administrative agent under the Debtors' prepetition
second lien credit agreement is Daniel S. Brown, Esq., at Pillsbury
Winthrop Shaw Pittman LLP.

The collateral trustee under the Debtors' prepetition second lien
credit agreement and the indenture trustee under each of the
Debtors' outstanding bond issuances, is represented by Marie C.
Pollio, Esq., at Shipman & Goodwin LLP.

Counsel to the ad hoc group of certain holders of the Debtors'
convertible senior notes is White & Case LLP's Tom Lauria, Esq.


TENET CONCEPTS: Case Summary & 8 Unsecured Creditors
----------------------------------------------------
Debtor: Tenet Concepts, LLC
        8200 Cameron Rd., Suite A198
        Austin, TX 78754

Business Description: Tenet Concepts LLC --
                      http://www.tenetconcepts.com-- is a
                      privately held company in Austin, Texas,
                      in the freight transportation arrangement
                      business.  The company offers fleet
                      replacement, on-site dispatch, vehicle
                      choice flexibility, hot shot, warehousing,
                      route work, scheduled deliveries, messenger
                      local pick-up, on-line order entry &
                      tracking, and luggage delivery services.
                      The company serves the automotive,
                      reprographics, retail delivery, home
                      delivery, office delivery, and food delivery
                      industries.  Tenet Concepts has locations
                      in Texas, California, and Illinois.

Chapter 11 Petition Date: January 25, 2018

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Case No.: 18-40270

Judge: Hon. Russell F. Nelms

Debtor's Counsel: J. Robert Forshey, Esq.
                  FORSHEY & PROSTOK, LLP
                  777 Main St., Suite 1290
                  Ft. Worth, TX 76102
                  Tel: 817-877-8855
                  E-mail: jrf@forsheyprostok.com
                          bforshey@forsheyprostok.com

                    - and -

                  Laurie D. Rea, Esq.
                  FORSHEY & PROSTOK, LLP
                  777 Main Street, Suite 1290
                  Fort Worth, TX 76102
                  Tel: (817) 877-4224
                  Fax: (817) 877-4151
                  E-mail: lrea@forsheyprostok.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Scott Cass, president/CFO.

A copy of the Debtor's list of eight largest unsecured creditors is
available for free at:

     http://bankrupt.com/misc/txnb18-40270_creditors.pdf

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

          http://bankrupt.com/misc/txnb18-40270.pdf


TEXAS E&P: Committee Seeks Appointment of Chapter 11 Trustee
------------------------------------------------------------
The Official Committee of Unsecured Creditors of Texas E&P
Operating, Inc., asks the U.S. Bankruptcy Court for the Northern
District of Texas to direct the appointment of a Chapter 11 Trustee
in the bankruptcy case Texas E&P Operating, Inc.

The Committee believes that the appointment of a Chapter 11 trustee
is in the best interest of the estate. The Committee and the
Debtor, along with their counsel, have discussed at length the
continued management of the Debtor's business as a
debtor-in-possession during the bankruptcy process.

The Committee contends that there are a number of non-Debtor
entities which are affiliated and/or related to the Debtor that
have both historical and ongoing business dealings with the Debtor.
The relationships are such that current management and ownership of
the Debtor are conflicted to such an extent that continuing to
operate as a debtor-in-possession would create an appearance of
impropriety.

For example, the Debtor's schedules indicate approximately $2.9
million in outstanding JIB payments owed from its various
co-interest owners. The Committee believes that, the Debtor's
affiliate company Texas E&P Funding, Inc., of which Mr. Mark A.
Plummer (currently Chief Executive Officer, Chairman of the Board
and Sole Director of the Debtor) is also the sole owner and
officer, is or may be jointly liable for a significant portion of
this outstanding receivable. Mr. Plummer is also the President of
Texas E&P Well Service, LLC, a significant vendor providing
services to the Debtor pre-petition and which has a sizeable
scheduled unsecured claim against the Debtor.

The Committee expects that this would cause the estate to spend an
inordinate amount of time and resources vetting what should be
ordinary course transactions and functions and satisfying the
Committee and other creditors and parties in interest that any
intercompany related transactions are fair and in the best interest
of the estate.

These and other conflicts of interest, coupled with the fact that
none of the other related parties are debtors in bankruptcy and
therefore are not subject to the transparency of the bankruptcy
process, lead the Committee to seek appointment of a chapter 11
trustee to ensure that parties-in-interest can have full faith and
confidence in the integrity of these bankruptcy proceedings.

The Committee has expressed these concerns to the Debtor and vetted
alternatives to address these issues short of appointment of a
Chapter 11 Trustee. After due deliberation however, the constraints
that would alleviate such concerns are too debilitating to the
proper conduct of the Debtor's business to be worthwhile.

After testifying at the first day hearings and the 341 Meeting, Mr.
Plummer realizes that these conflicts will present an ongoing
obstacle to the efficient and effective reorganization of this
Debtor. Under these circumstances, the Committee asserts that the
best interests of the creditors and the estate will be served by
the appointment of a Chapter 11 Trustee. The Debtor, through Mr.
Plummer and after consultation with counsel for the Debtor in
Possession, does not and will not oppose the appointment of a
Chapter 11 Trustee in this case.

Proposed Counsel for the Official Committee of Unsecured
Creditors:

             David L. Curry, Jr., Esq.
             John Thomas Oldham, Esq.
             OKIN ADAMS LLP
             1113 Vine St, Suite 201
             Houston, Texas 77002
             Tel: 713.228.4100
             Fax: 888.865.2118
             Email: dcurry@okinadams.com
                    joldham@okinadams.com

             -- and --

             Raymond J. Urbanik, Esq.
             OKIN ADAMS LLP
             3811 Turtle Creek Blvd., Suite 780
             Dallas, Texas 75219
             Tel: 214.382.4995
             Fax: 888.865.2118
             Email: rurbanik@okinadams.com

                     About Texas E&P Operating

Based in Richardson, Texas, the Texas E&P group of companies
--http://texasepgroup.com-- offer direct investment opportunities
in its oil and natural gas projects in the Southwestern United
States. From the initial investment to the production of each well,
the Group oversees each phase of development.  Texas E&P Operating
is an independent oil and natural gas operator, with specialties in
developing new and existing oil fields since 1994.  Texas E&P
Funding manages a diverse offering of oil and natural gas
investments.  Texas E&P Well Service is in the well workover and
completion industry, with dedication to safety and innovation.  

Texas E&P Operating, Inc. fka Chestnut Exploration and Production,
Inc., filed for Chapter 11 bankruptcy protection (Bankr. N.D. Tex.
Case No. 17-34386) on Nov. 29, 2017, estimating its assets and
liabilities at between $10 million and $50 million each. The
petition was signed by Mark A. Plummber, president.

Judge Stacey G. Jernigan presides over the case.

John Mark Chevallier, Esq., at McGuire, Craddock & Strother, P.C.,
serves as the Debtor's bankruptcy counsel.

William T. Neary, U.S. Trustee for the Northern District of Texas,
appointed three members to the official committee of unsecured
creditors to the Chapter 11 case of Texas E&P Operating, Inc. The
Committee members are: (1) Baker Hughes, a GE Company; (2) Kodiak
Gas Services, LLC; and (3) Key Energy Services, LLC.


TEXAS E&P: Committee Taps Okin Adams as Legal Counsel
-----------------------------------------------------
The official committee of unsecured creditors of Texas E&P
Operating, Inc., seeks approval from the U.S. Bankruptcy Court for
the Northern District of Texas to hire Okin Adams LLP as its legal
counsel.

The firm will advise the committee regarding its duties under the
Bankruptcy Code; assist the committee in investigating the Debtor's
business operation; analyze claims of creditors; advise the
committee regarding any potential sale of the Debtor's assets;
assist the committee in analyzing the terms of any proposed
bankruptcy plan; and provide other legal services related to the
Debtor's Chapter 11 case.

The primary attorneys who will represent the committee and their
hourly rates are:

     David Curry, Jr.       Partner        $450
     Raymond Urbanik        Of Counsel     $525
     John Thomas Oldham     Of Counsel     $300

Okin Adams will charge $105 to $130 per hour for the work of its
legal assistants.  

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

The firm can be reached through:

     Matthew S. Okin, Esq.
     David L. Curry, Jr., Esq.
     John Thomas Oldham, Esq.
     Okin Adams LLP LLP
     1113 Vine St., Suite 201
     Houston, TX 77002
     Tel: 713.228.4100
     Fax: 888.865.2118
     E-mail: mokin@okinadams.com   
             dcurry@okinadams.com
             joldham@okinadams.com  

          - and –

     Raymond J. Urbanik, Esq.
     Okin Adams LLP
     3811 Turtle Creek Blvd., Suite 780
     Dallas, TX 75219
     Tel: 214.382.4995
     Fax: 888.865.2118
     E-mail: rurbanik@okinadams.com

                    About Texas E&P Operating

Based in Richardson, Texas, the Texas E&P group of companies --
http://texasepgroup.com/-- offer direct investment opportunities
in its oil and natural gas projects in the Southwestern United
States.  From the initial investment to the production of each
well, the Group oversees each phase of development.  Texas E&P
Operating is an independent oil and natural gas operator, with
specialties in developing new and existing oil fields since 1994.
Texas E&P Funding manages a diverse offering of oil and natural gas
investments.  Texas E&P Well Service is in the well workover and
completion industry, with dedication to safety and innovation.

Texas E&P Operating, Inc., f/k/a Chestnut Exploration and
Production, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Tex. Case No. 17-34386) on Nov. 29, 2017, estimating
its assets and liabilities at between $10 million and $50 million
each.  Mark A. Plummber, president, signed the petition.

Judge Stacey G. Jernigan presides over the case.

John Mark Chevallier, Esq., at McGuire, Craddock & Strother, P.C.,
serves as the Debtor's bankruptcy counsel.

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


THINK FINANCE: Seeks Entry of Supplemental Cash Collateral Order
----------------------------------------------------------------
Think Finance, LLC, and certain of its affiliates seek approval
from the U.S. Bankruptcy Court for the Northern District of Texas
of an order supplementing the previous order authorizing the
Debtors to use cash collateral.

On the Petition Date, Plaintiffs Think Finance, LLC, Think Finance
SPV, LLC, and TC Administrative Services, LLC, commenced Adversary
Proceeding No. 17-03106 against defendants Victory Park Capital
Advisors, LLC, Victory Park Management, LLC, GPL Servicing, Ltd.,
and GPL Servicing Agent, LLC (collectively, the "GPLS Secured
Parties").

On Oct. 31, 2017, the Court entered in the VPC Adversary Proceeding
the Agreed Order, which established an escrow account at
Metropolitan Commercial Bank.  The Agreed Order required the GPLS
Secured Parties to deposit the Transferred Funds into the Escrow
Account and required the GPLS Secured Parties to deposit all
additional funds GPLS receives into the Escrow Account subject to
the GPLS Holdback.

On December 7, 2017, the Court entered the Order Granting
Preliminary Injunction, directing for the turnover to the Debtors
of $5 million of funds held in the Escrow Account, and ordered the
GPLS Secured Parties to cause GPLS to continue to transfer all
funds to the Escrow Account subject to the GPLS Holdback.

On December 7, 2017, the Court entered the Order authorizing the
Debtors to use cash collateral consistent with a Thirteen Week
Forecast.  Paragraph 7 of the Cash Collateral Order sets forth a
process for the GPLS Secured Parties to provide notice to the
Debtors, the U.S. Trustee, and the Committee for expenses incurred
by the GPLS Secured Parties that the GPLS Secured Parties would
like paid from the GPLS Funds.  It also provides a process for the
Notice Parties to object to such expenses and for the resolution of
such objections.

To date, all of the expenses submitted to the Notice Parties by the
GPLS Secured Parties have been objected to by the Debtors and the
Committee.  The U.S. Trustee has not objected to any of such
expenses.

Consequently, the Debtors and the GPLS Secured Parties have engaged
in extensive good-faith arms' length negotiations that have
resulted in an agreement to stay the VPC Adversary Proceeding (the
"Standstill").  Among other things, by agreeing to the Standstill
the Debtors and the GPLS Secured Parties have agreed to cease
incurring additional fees and expenses concerning their disputes
with each other in the VPC Adversary Proceeding.

The Debtors believe that the Standstill may save the Debtors'
estates millions of dollars because the Debtors anticipate
incurring many hundreds of thousands of dollars of professional
fees and expenses, if not more, in connection with the VPC
Adversary Proceeding between now and the trial, which is scheduled
to begin on February 26, 2018.

The Debtors also believe that the Standstill may allow the Debtors
to avoid ever paying the fees and expenses that otherwise would be
incurred by the Debtors and the GPLS Secured Parties in the VPC
Adversary Proceeding because the Standstill will provide the
Debtors and the GPLS Secured Parties with an opportunity to
negotiate a consensual resolution of their disputes.

Perhaps more importantly, however, the Standstill will allow the
Debtors to focus their limited time and resources on resolving,
whether through litigation or negotiation, the numerous consumer
borrower proofs of claim filed against the Debtors.  Depending on
the resolution of the consumer borrower claims, such a resolution
may eliminate the need to proceed with the VPC Adversary Proceeding
altogether, or at least facilitate a negotiated settlement of the
VPC Adversary Proceeding. As a result, the Debtors believe that the
Standstill will provide the Debtors the opportunity to resolve
these bankruptcy cases as efficiently as possible.

As set forth in the Third Agreed Scheduling Order, the Standstill
would last through at least April 23, 2018, which is the bar date
for governmental units to file proofs of claim against the Debtors,
and it is possible that the Standstill would last well past April
23.

In connection with negotiating the Standstill, the GPLS Secured
Parties have indicated that they will not agree to the Standstill
and the entry of the Third Agreed Scheduling Order unless the
Supplemental Order is entered. The GPLS Secured Parties have
indicated that upon the Court's approval of the Supplemental Order,
the Debtors may submit the Third Agreed Scheduling Order to the
Court for entry in the VPC Adversary Proceeding to implement the
Standstill. Thus, the entry of the Supplemental Order is necessary
for the Standstill to occur.

Although as of the filing of this Motion, the Debtors'
understanding is that the Committee opposes the entry of the
Supplemental Order due solely to the payment of certain fees from
the GPLS Funds, the Debtors nevertheless seek approval of the
Supplemental Order in order to attempt to take advantage of the
substantial benefits of the Standstill.  The Debtors intend to
continue to engage in discussions with the Committee until the
hearing on this Motion to attempt to reach a consensual resolution
on the Supplemental Order.  

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

           http://bankrupt.com/misc/txnb17-33964-247.pdf

                       About Think Finance

Think Finance, Inc. -- https://www.thinkfinance.com/ -- is a
provider of software technology, analytics, and marketing services
to financial clients in the consumer lending industry.  Think
Finance offers an end-to-end, professionally managed online lending
program.  The company's customized services allow clients to
create, develop, launch and manage their loan portfolio while
effectively serving customers.  For over 15 years, the company has
helped its clients originate more than 2 million loans enabling
them to put more than $4 billion in credit on the street.

Think Finance, LLC, along with six affiliates, sought Chapter 11
protection (Bankr. N.D. Tex. Lead Case No. 17-33964) on Oct. 23,
2017.  Think Finance estimated assets of $100 million to $500
million and debt of $10 million to $50 million.

The Hon. Harlin DeWayne Hale is the case judge.

The Debtors tapped Hunton & Williams LLP as counsel; Alvarez &
Marsal North America, LLC as financial advisor; and American Legal
Claims Services, LLC, as claims and noticing agent.

On Nov. 2, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Cole Schotz P.C.
represents the committee as bankruptcy counsel.


TOISA LIMITED: Gets Okay to Hire Zolfo, Appoint J. Mitchell as CRO
------------------------------------------------------------------
Toisa Limited received approval from the U.S. Bankruptcy Court for
the Southern District of New York to hire Jonathan Mitchell and his
firm Zolfo Cooper Management, LLC.

Mr. Mitchell, a senior managing director of Zolfo Cooper, will
serve as chief restructuring officer of Toisa Limited and its
affiliates in connection with their Chapter 11 cases.  He and his
firm will provide interim management services, which include making
day-to-day management decisions.

Zolfo Cooper was initially hired by the Debtors as their bankruptcy
consultant and special financial advisor.  This initial engagement
will be terminated, according to court filings.

The firm will charge these hourly rates for its services:

     Managing Directors     $850 - $1,035
     Professional Staff     $320 - $850
     Support Personnel       $70 - $300

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

Zolfo Cooper can be reached through:

     Jonathan Mitchell
     Zolfo Cooper Management, LLC
     1114 Avenue of the Americas, 41st Floor
     New York, NY 10036
     Tel: +1 212-561-4000 / +1 212-561-4060
     Fax: +1 212-213-1749 / +1 212-213-1749
     Email: jmitchell@zolfocooper.com

                       About Toisa Limited

Toisa Limited owns and operates offshore support vessels for the
oil and gas industry.  Toisa Limited and its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No.
17-10184) on Jan. 29, 2017.  The petitions were signed by Richard
W. Baldwin, deputy chairman.

The cases are assigned to Judge Shelley C. Chapman.  

Togut, Segal & Segal LLP serves as bankruptcy counsel to the
Debtors.  The Debtors hired Kurtzman Carson Consultants LLC as
administrative agent, and claims and noticing agent, Scura Paley
Securities LLC, as financial advisor.

In its petition, Toisa Limited estimated $1 billion to $10 billion
in both assets and liabilities.


TOWERSTREAM CORP: Honig No Longer a Shareholder as of Dec. 31
-------------------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, Jonathan Honig reported that as of Dec. 31, 2017, he no
longer owns shares of common stock, par value $0.001 per share, of
Towerstream Corporation.  A full-text copy of the regulatory filing
is available at https://is.gd/uLIwA6

                     About Towerstream

Towerstream Corporation (OTCQB:TWERD) -- http://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.


U.S. ENERGY SCIENCES: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: U.S. Energy Sciences, Inc.
           fka U.S. Energy Sciences LED Product Group, LLC
        406A Dixon Street
        Vidalia, GA 30474

Type of Business: U.S. Energy Sciences, Inc., is an electric
                  lighting equipment manufacturer in Vidalia,
                  Georgia.  Started as a reflector company,
                  U.S. Energy has expanded to a fully integrated
                  OEM LED and fluorescent fixture manufacturer
                  specializing in energy efficient retrofit kits
                  and fixtures.  In addition, the company offers
                  major brand LED's, lamps and ballast and other
                  options to provide a complete package for its
                  customers' lighting needs.  The company was
                  founded by William T. Huntley in 1986.  

                  http://www.usenergysciences.com/

Chapter 11 Petition Date: January 26, 2018

Case No.: 18-60031

Court: United States Bankruptcy Court
       Southern District of Georgia (Statesboro)

Judge: Hon. Edward J. Coleman III

Debtor's Counsel: Jon A. Levis, Esq.
                  MERRILL & STONE, LLC
                  P O Box 129
                  Swainsboro, GA 30401
                  Tel: 478-237-7029
                  Fax: 478-237-9211
                  E-mail: bkymail@merrillstonehamilton.com

Estimated Assets: $1 million to $10 million

Estimated Debts: $1 million to $10 million

The petition was signed by Cynthia B. Hicks, president.

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

          http://bankrupt.com/misc/gasb18-60031.pdf

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at:

      http://bankrupt.com/misc/gasb18-60031_creditors.pdf


UNILIFE CORP: Plan of Liquidation Declared Effective
----------------------------------------------------
BankruptcyData.com reported that Unilife Corporation's First
Amended Combined Disclosure Statement and Chapter 11 Plan of
Liquidation became effective, and the Company has emerged from
Chapter 11 protection.  The U.S. Bankruptcy Court confirmed the
Plan on December 13, 2017.  BankruptcyData's detailed Plan Summary
notes, "The Bankruptcy filing and Plan of Liquidation attempt to
implement a process to market and sell the Debtors' assets so that
the Debtors can maximize the value of their Estates and preserve
the Debtors ongoing business. On July 21, 2017 the Bankruptcy Court
approved a licensing agreement sale between the Debtors and Amgen
Inc. in which Amgen agreed to pay $10 million for the Company's
intellectual property and inventory; a intellectual property sale
between the Debtors and Hikma Pharmaceuticals in which Hikma
Pharmaceuticals agreed to pay $7.5 million; and a collateral
agreement between the Debtors and ROS Acquisition Offshore LP,
which lent the Debtors at least $70 million since 2014, in which
ROS Acquisition Offshore LP retained its collateral for $25
million."

                   About Unilife Corporation

Unilife Corporation -- http://www.unilife.com-- is a U.S.-based
developer and commercial supplier of injectable drug delivery
systems.  Unilife has a portfolio of innovative, differentiated
products with a primary focus on wearable injectors.  Products
within each platform are customizable to address specific customer,
drug and patient requirements.

Unilife Corporation filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 17-10805) on April 12, 2017.  In the petition
signed by CEO John Ryan, the Debtor disclosed total assets of
$82.98 million and total liabilities of $201.0 million as of the
bankruptcy filing.

The Hon. Laurie Selber Silverstein presides over the case.  

Cozen O'Connor serves as counsel to the Debtor.

An official committee of unsecured creditors has been appointed in
the case.  The panel retained Lowenstein Sandler LLP as counsel.




UNIVERSAL LAND: Seeks to Hire Lowderman as Auctioneer
-----------------------------------------------------
Universal Land & Livestock, LLC, seeks approval from the U.S.
Bankruptcy Court for the Southern District of Indiana to hire an
auctioneer.

The Debtor proposes to employ Lowderman Auction & Real Estate to
market and conduct an auction of its assets, which include real
estate, equipment, livestock and frozen genetics.  

Lowderman will be paid a 4% commission from the gross sale proceeds
of the assets, and will be entitled to a buyer's premium of 2% from
the winning bidder of the real estate to be paid directly to the
firm.

In addition, the firm will be entitled to reimbursement of its
expenses for advertising, not to exceed $80,000, out of the sale
proceeds following the auction.

In the event that not all the real estate offered at the auction
sells, the minimum commission payable to the firm will be 4% based
upon $3 million in high bids.

Monte Lowderman, a partner at Lowderman who will be providing the
services, disclosed in a court filing that he has no connection
with any creditor or party that holds interest adverse to the
Debtor's estate.

The firm can be reached through:

     Monte W. Lowderman
     Lowderman Auction & Real Estate
     P.O. Box 488
     Macomb, IL 61455
     Office: 309-833-5543
     Fax: 309-833-5500
     E-mail: monte@lowderman.com
             info@lowderman.com

                       About Universal Land

Universal Land & Livestock, LLC, owns and operates a cattle-fishing
operation located in Vermillion County, Indiana.  The cattle
finishing business includes a cow/calf operation in house breeding,
and finishing cattle off to market weight fats.  The Company owns
3,800 acres of farm ground located in Vermillion County, Indiana;
Vigo County, Indiana; and Edgar County, Illinois.

Universal Land filed for Chapter 11 bankruptcy protection (Bankr.
S.D. Ind. Case No. 17-80750) on Nov. 9, 2017, estimating its assets
and debt at between $10 million and $50 million.  Peter Krieger,
partner, signed the petition.

Judge Jeffrey J. Graham presides over the case.

John Joseph Allman, Esq., and David R. Krebs, Esq., at Hester Baker
Krebs LLC, serves as the Debtor's bankruptcy counsel.


VINCE'S BLACK: Proposes $375K Sale of All Assets to GRJ
-------------------------------------------------------
Vince's Black Tie, Inc., asks the U.S. Bankruptcy Court for the
Northern District of Illinois to authorize the sale of
substantially all assets to GRJ Enterprises, LLC for $250,000 plus
and additional amount not to exceed $125,000 in the aggregate to
cure the monetary defaults with respect to the non-residential real
estate leases.

A hearing on the Motion is set for Feb. 8, 2018 at 9:30 a.m.  The
objection deadline is Feb. 7, 2018.

At one point the Debtor's annual revenues averaged around $2.3
million.  However, in recent years, its revenues have diminished.
Because of the drop in revenues and the Debtor's mounting debt, the
Debtor sought bankruptcy protection.  However, even during these
bankruptcy proceedings, the Debtor is unable to generate sufficient
revenue to meet its current obligations other than its payroll and
related taxes.  As a result, in order to maximize the value of the
business, including any good will, for the benefit of its
creditors, the Debtor needs to sell substantially all of its assets
immediately as an ongoing business concern.

In the event, that the Debtor ceases its business operations which
is imminent because of its inability to generate sufficient
revenues to meet all of its Chapter 11 obligations, the liquidation
value of its assets are minimal, probably less than $50,000 because
most of the assets consist of used tuxedos and accessories and old
equipment used in the tuxedo rental business.

Both immediately prior to the filing of the bankruptcy case and
during the case, the Debtor's principal, Vince Genova, has reached
out to other parties and entities in the formalwear apparel
business to solicit offers for the purchase of its business.  No
parties were interested in buying the Debtor as a going business
concern but only offered to purchase the Debtor's used apparel for
literally pennies.  However, the Debtor was able to obtain an offer
from the Buyer to purchase substantially all of the assets of the
business provided it remained an on-going business concern as of
the date of closing.

GRJ Enterprises offer is far greater than the proceeds which the
Debtor or a Chapter 7 Trustee would realize if the Debtors' assets
were liquidated.  The Debtor believes that the Buyer's offer is the
highest and best offer which it will receive particularly given the
exigent circumstances of the Debtor needing to immediately sell the
business as an on-going concern to maximize the benefit to
creditors. GRJ Enterprises offer is set forth in the Asset Purchase
Agreement.

The primary terms of the Agreement are:

     a. Buyer: GRJ Enterprises, LLC

     b. Seller: Vince's Black Tie, Inc.

     c. Purchase Price: $250,000 plus an additional amount not to
exceed $125,000 in the aggregate to cure monetary defaults
with respect to the non-residential leases of real estate

     d. Acquired Property: Substantially all of the Debtor's assets
and the assignment of its non-residential real estate leases and
vehicle leases

     e. Closing: Feb. 15, 2018

     f. Financing Contingency: None

     g. Closing: Feb. 15, 2018 at 9:00 a.m.

A copy of the Agreement attached to the Motion is available for
free at:

    http://bankrupt.com/misc/Vices_Black_39_Sales.pdf

The Debtor asks the Court to authorize it to execute the Asset
Purchase Agreement providing that all liens, claims and
encumbrances will attach to the proceeds of the sale.  In addition,
the Motion asks the Court to authorize (i) the Debtor to assume the
leases of non-residential real estate and vehicle leases listed
below; (ii) the assignment of each of the leases to GRJ Enterprises
provided the Seller has cured out of the Purchase Price all
monetary defaults, not to exceed $125,000 in the aggregate, and
provided adequate assurance of future performance to each lessor,
and (iii) the Debtor to take all actions and to execute any and all
documents necessary to effectuate any assignment of each of the
leases.

The Leases to be Assigned are:

     a. 1184 Roosevelt Rd., Glen Ellyn, IL: Rodeo Drive Management
Co., Inc. (Store - LNRR2)

     b. 607 E. Golf Rd., Schaumburg, IL: Rodeo Drive Management
Co., Inc. (Store - LNRR)

     c. 7219 W. Irving Park Rd., Chicago, IL: Harlem and Irving
Investments, Inc. (Store - LNRR)

     d. 4313 E. New York St., Aurora, IL: ITW Management (Store
-LNRR)

     e. 104 W. Main St., West Dundee, IL: Bridal Properties (Store
- LNRR)

     f. 2657 N. Clybourn Ave., Chicago, IL: John Kong (Store -
LNRR)

     g. 820 75th Street, Willowbrook, IL: Willowbrook Plaza, Inc.
c/o Property Solution Group (Store - LNRR)

     h. 2308 S. Harlem Ave., North Riverside, IL: Federal
Construction, Inc. (Store- LNRR)

     i. 2512 Wisconsin Ave., Downers Grove, IL: Darwin Realty
(Warehouse - LNRR)

     j. 2014 Lexus ES350: Lexus Finance (VL3)

     k. 2016 Hyundai Santa Fe: MB Financial (VL)

In order for the Buyer, to operate the Debtor's business as a going
business concern, it is essential that all of the Debtor's,
non-residential leases of its retail outlet stores as well as its
warehouse location be assumed by the Debtor and assigned to GRJ
Enterprises.  As part of the Asset-Purchase Agreement, the Seller
has agreed to cure all arrears, not to exceed $125,000 in the
aggregate, with respect to each of the leases, and the Buyer will
provide each landlord with adequate assurance of future performance
in accordance with Section 365 of the Bankruptcy Code.

In addition to the other sale-related and assumption and assignment
relief sought, the Debtor requests that the Court specifically
finds inapplicable any stays that might otherwise inhibit the
Debtor's ability to close the proposed transaction for the sale of
the assets and the assumption and assignment of the leases
immediately after the Court enters an order approving the
transaction, including, without limitation, those arising under
Bankruptcy Rules 6004 and 6006.

Moreover, because of the exigent circumstances and the need to
consummate the sale as quickly as possible before the Debtor is
forced to shut down, good cause exists to shorten the notice period
from 21 to 14 days.

The Purchaser:

          GRJ ENTERPRISES, LLC
          9653 N. Granville Road
          Mequon, WI 53097
          Attn: Gurpal S. Dhaliwal
          Facsimile: (262) 242-7849

The Purchaser is represented by:

          Thomas P. Shannon, Esq.
          FOX, O'NEILL & SHANNON, S.C.
          622 N. Water Street, Suite 500
          Milwaukee, WI 53202
          Facsimile: (414) 273-3947

                     About Vince's Black Tie

Based in Downers Grove, Illinois, Vince's Black Tie, Inc., operates
an upscale tuxedo rental and sales establishment.  Operating for
over 10 years, Vince's claims to be a premier supplier of tuxedo
and suit rental and sales for men's apparel wear throughout the
Chicago metropolitan area.

Vince's Black Tie filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 17-36681) on Dec. 11, 2017.  In its petition, signed by
its president, Vincent P. Genova, the Debtor estimated assets of
below $50,000 and liabilities at $500,000 to $1 million.  Laxmi P.
Sarathy, Esq., serves as bankruptcy counsel to the Debtor.


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

The Debtors are authorized, but not directed, to sell estate
property in accordance with these Sales Procedures:

     a. Limited Notice Sales: For property that has a fair market
value less than $1,000,000, except with respect to sales or
transfers of (i) any interest in real property, or (ii) any other
property with respect to which there is any known or suspected
environmental contamination or liability, and is proposed to be
sold in a transaction, or in a series of related transactions:

          i. Business Judgment Standard:: The Debtors are
authorized to consummate the sale of such property without further
order of the Bankruptcy Court, subject to the procedures set forth,
if the Debtors determine in a reasonable exercise of their business
judgment that such a sale is in the best interest of their
estates.

          ii. Sale Free and Clear: Any such sale of property will
be free and clear of all liens, claims, and encumbrances, with such
Liens attaching only to the sale proceeds with the same validity,
extent, and priority as immediately prior to the transaction.

         iii. Good Faith Purchaser: Each purchaser of property
pursuant to such a sale will be afforded the protections of section
363(m) of the Bankruptcy Code as a good faith purchaser.

          iv. Limited Sale Notice: The Debtors shall, at least
seven business days prior to closing such sale or effectuating such
transfer, file on the Court's docket and serve a written notice of
such sale by e-mail, facsimile, or overnight delivery service on
(i) counsel to the Committee, Proskauer Rose LLP; (ii) any known
affected creditor(s), including counsel to any creditor asserting a
lien claim or encumbrance on the relevant property; and (iii) if
the property proposed to be sold is located on the Virgil C. Summer
Nuclear Generating Station site, the Debtors will provide notice of
the sale to counsel to the owners of the VC Summer Project, Reed
Smith LLP.  Parties objecting to a Limited Sale Notice must file no
later than seven calendar days after the date the Debtors serve the
relevant Sale Notice.

     b. Noticed Asset Sales: For property that has a fair market
value equal to or greater than $1,000,000, and less than or equal
to $5,000,000, and is proposed to be sold in a transaction, or in a
series of related transactions, except with respect to sales or
transfers of (i) any interest in real property, or (ii)
Environmentally Impaired Personal Property:

          i. Business Judgment Standard: The Debtors are authorized
to consummate such a sale without further order of the Bankruptcy
Court, subject to the procedures set forth, if the Debtors
determine in a reasonable exercise of their business judgment that
such a sale is in the best interest of their estates.

         ii. Sale Free and Clear: Any such sale will be free and
clear of all Liens, with such Liens attaching only to the sale
proceeds with the same validity, extent, and priority as
immediately prior to the transaction.

        iii. Good Faith Purchaser: Each purchaser of property to
such a sale will be afforded the protections of section 363(m) of
the Bankruptcy Code as a good faith purchaser.

         iv. Sale Notice: The Debtors shall, at least seven
business days prior to closing such sale or effectuating such
transfer, serve a Sale Notice upon the Notice Parties.  Parties
objecting to a Limited Sale Notice must file no later than seven
calendar days after the date the Debtors serve the relevant Sale
Notice.

     c. Noticed Sales of Real Property and/or Personal Property
With Known or Suspected Environmental Contamination: For (i) real
property, or (ii) Environmentally Impaired Personal Property, that
has a fair market value less than or equal to $5,000,000, and is
proposed to be sold in a transaction, or in a series of related
transactions:

          i. Business Judgment Standard. The Debtors are authorized
to consummate such a sale without further order of the Bankruptcy
Court, subject to the procedures set forth, if the Debtors
determine in a reasonable exercise of their business judgment that
such a sale is in the best interest of their estates.

         ii. Sale Free and Clear: Any such sale will be free and
clear of all Liens, with such Liens attaching only to the sale
proceeds with the same validity, extent, and priority as
immediately prior to the transaction.

        iii. Good Faith Purchaser. Each purchaser of property to
such a sale will be afforded the protections of section 363(m) of
the Bankruptcy Code as a good faith purchaser.

         iv. Environmental Sale Notice: The Debtors shall, at least
21 calendar days prior to closing such sale or effectuating such
transfer, serve a written notice of such sale to the Notice Parties
and an additional notice to the United States Attorney's Office for
the Southern District of New York and any federal, state or local
regulators that the Debtors are aware have a regulatory interest in
the property an additional Environmental Sale Notice.

          v. Amendment to Environmental Sale Notice: If the terms
of a proposed sale are materially amended after transmittal of the
Environmental Sale Notice, the Debtors will send a revised
Environmental Sale Notice to the Environmental Notice Parties. The
objection deadline will be extended to provide an additional five
days to object to the proposed sale.

     d. Sale Pursuant to Motion: For property that has a fair
market value greater than $5,000,000, and is proposed to be sold in
a transaction, or in a series of related transactions, the Debtors
will seek authority to sell such property pursuant to a motion and
in accordance with the Bankruptcy Code, Bankruptcy Rules, and Local
Rules.

Any net proceeds obtained by the Debtors from any sales of property
will be applied as required by the DIP Documents or any order
entered by the Court.  In addition to the notices required to be
provided, the Debtors will provide notice of any transaction or
abandonment to any state or federal regulatory authority, to the
extent otherwise required by applicable law.

Pursuant to sections 554 and 105(a) of the Bankruptcy Code, the
Debtors are authorized, but not directed, to abandon personal
property in accordance with these Abandonment Procedures:

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

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

         ii. Limited Abandonment Notice: The Debtors shall, at
least five business days prior to abandoning such property, file on
the Court's docket and serve a written notice of such abandonment
on all Notice Parties.

        iii. Objection Procedures: Parties objecting to an
Abandonment Notice must file and serve a written objection so that
such objection is filed with the Court and is actually received by
counsel to the Debtors no later than five calendar days after the
date the Debtors serve the relevant Abandonment Notice.

         iv. No Objection: If no objection to an Abandonment Notice
is timely filed by any of the Notice Parties within five (5)
calendar days of service of such Abandonment Notice, the Debtors
are authorized to immediately abandon the relevant property.

          v. Unresolved Objections: If a timely objection is filed
and not withdrawn or resolved, the Debtors will file a notice of
hearing to consider the unresolved objection.  If such objection is
overruled or withdrawn, or if the abandonment of the property is
specifically approved by further order of the Court, the Debtors
are authorized to immediately abandon such property.

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

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

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

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

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

     c. Noticed Abandonment of Environmentally Impaired Personal
Property: For personal property, of any value, that Debtors know or
suspect is environmentally contaminated or with respect to which
there is known or suspected environmental liability:

          i. Environmental Abandonment Notice.  The Debtors will,
at least 21 calendar days prior to abandoning such property, serve
the Environmental Abandonment Notice upon all Notice Parties.

          ii. Amendment to Environmental Abandonment Notice: If the
terms of a proposed abandonment are materially amended after
transmittal of the Environmental Abandonment Notice, the Debtors
will send a revised Environmental Abandonment Notice to the
Environmental Notice Parties.  The objection deadline will be
extended to provide an additional five days to object to the
proposed abandonment; No Objection.  If no written objections are
submitted within 21 calendar days of service of such Environmental
Abandonment Notice or five calendar days of service of such revised
Environmental Abandonment Notice, the Debtors may immediately
proceed with the abandonment; and

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

With respect to any property abandoned under the Abandonment
Procedures located at one of the Debtors' vendors, subcontractors,
or customers, the applicable party to which that such property is
abandoned will have the right to dispose of such property.  Parties
rights, if any, to file claims for the costs of disposal of such
property are fully reserved, as are the rights of any party in
interest to object to such claims.

Notwithstanding anything to the contrary in the Order, the Debtors
are not authorized to abandon any real property.

Notwithstanding anything to the contrary in the Order, any proposed
Non-Noticed Sale or Noticed Sale pursuant to the Order will be
subject to any limitations set forth in the Plan Funding Agreement,
and will not be permitted if, absent the Order, such Non-Noticed
Sale, Noticed Sale, or Environmental Notice Sale would not be
permitted by the Plan Funding Agreement.

The requirements of Bankruptcy Rule 6004(a) are waived.

The 14-day stay imposed by Bankruptcy Rule 6004(h) is waived with
respect to each proposed sale and proposed abandonment conducted in
accordance with the Order, and the Debtors may close proposed sales
as set forth herein without reference to such stay.

The requirements set forth in Local Rule 9013-1(b) are satisfied.

                   About Westinghouse Electric

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

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

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

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

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

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

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

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

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


WILLIAM FOCAZIO: Seeks Access to FCB Use Cash Collateral
--------------------------------------------------------
William J. Focazio, M.D., P.A. asks the United States Bankruptcy
Court for the District of New Jersey for preliminary and final
authority to use cash collateral in order to preserve its assets so
as to maintain and maximize its value for the benefit of all
parties-in-interest.

The Debtor leases the property located at 999 Clifton Avenue,
Clifton, New Jersey 07013 from DVCO, LLC (DVCO is owned by Dr.
William J. Focazio) at approximately $72,000 per year to be paid in
equal installments of $6,000 per month. The Lease, commenced on
January 23, 2015, has a term of 20 years. The Lease requires the
Debtor to pay all utilities. The Debtor is also responsible for 75%
of the taxes, insurance, and maintenance of the Property.

PSE&G provides utility services for gas and electricity to the
Debtor at the Property. The Debtor is on a payment plan with PSE&G
for $2,176 per month. The Debtor utilizes an elevator for its
business operations. The Debtor's water is paid for by Endo
Surgical. The Debtor pays for Endo Surgical's gas and electric.

As of Jan. 9, 2018, the outstanding indebtedness owed to First
Commerce Bank, as it relates to the Loans, equals approximately
$12,241,000, including interest, late charges, legal fees,
prepayment premiums and related fees.  The Debtor believes that
First Commerce Bank enjoys a lien on all or substantially of the
Debtor's assets. First Commerce Bank's claims extend to all of Dr.
Focazio's entities.

The Debtor also owes approximately $100,000 in payroll taxes to the
State of New Jersey, Division of Taxation.  By virtue of its state
tax liens, the Division has a lien on all of the Debtor's assets.
Thus, it is adequately protected because an equity cushion exists
based on the value of the Debtor's assets.

The Debtor asserts that First Commerce Bank is over-secured and its
collateral provides adequate protection to First Commerce Bank.  To
wit, the market value of the Property is $4,925,000, East Brunswick
Premises is $4,700,000, 975 Clifton Premises is $1,250,000, and
Saddle River Property is between $20,000,000 and $22,000,000, while
First Commerce Bank's debt is $12,241,000.

In addition, the Collateral also includes a blanket lien on all of
the Debtor's personal property. Accordingly, FCB has an equity
cushion based on the total value of all the Collateral securing its
debt.

The Debtor argues that denial of the use of alleged cash collateral
to fund the Debtor's day-to-day operations will severely harm the
Debtor at a critical time, effectively hindering its ability to
reorganize.  Essentially, without the authority to use alleged cash
collateral, the Debtor cannot continue to operate, which will cause
a loss of going concern value and preclude the ability to
reorganize.

The Debtor is prepared to discuss with all of its creditors the
development of both a financial and operational restructuring plan.
The authority to use alleged cash collateral will enable the
Debtor to engage in those discussions and accomplish its
reorganization, while operating in the ordinary course.

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

          http://bankrupt.com/misc/njb18-10753-5.pdf

                  About Endo Surgical Center of
                        North Jersey, P.C.

Headquartered in Clifton, New Jersey, William Focazio, MD, PA, Endo
Surgical Center of North Jersey, and Fenner Ave., LLC are privately
held companies that operate in the health care industry
specializing in internal medicine and gastroenterology.

William Focazio, MD, PA and its affiliates Endo Surgical Center of
North Jersey and Fenner Ave., LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 18-10752,
18-10753 and 18-10755, respectively) on Jan. 13, 2018.  The
petitions were signed by William Focazio, M.D., principal.  At the
time of filing, William Focazio, MD, PA has $1,130,000 in total
assets and $12,830,000 in total liabilities; and Endo Surgical
Center has $1,170,000 in total assets and $16,490,000 in total
Liabilities.  

Judge Vincent F. Papalia presides over the case.  

Trenk DiPasquale Della Fera & Sodono, P.C., is the Debtor's
counsel.


ZOTEC PARTNERS: S&P Assigns 'B-' Corp. Credit Rating, Outook Stable
-------------------------------------------------------------------
S&P Global Ratings assigned its 'B-' corporate credit rating to
Zotec Partners LLC. The outlook is stable.

S&P said, "At the same time, we assigned our 'B-' issue-level
rating and '3' recovery rating to Zotec's proposed senior secured
first-lien credit facility, consisting of a $20 million five-year
revolving credit facility and a $305 million seven-year term loan.
The '3' recovery rating indicates our expectation for meaningful
(50%-70%; rounded estimate: 55%) recovery in the event of payment
default."

Zotec Partners uses its proprietary suite of revenue cycle
management (RCM) software and medical billing staff to provide RCM
services of billing and collection primarily to hospital-based
physicians. The company combines the medical report, demographic,
and insurance data received from a hospital electronic health
record (EHR) to code, bill, and collect payment for a medical
encounter. Zotec's radiology segment accounts for a substantial
portion of revenue, with emergency medicine, anesthesiology, and
office-based physician segments accounting for the remaining
revenue.

S&P said, "Our stable outlook on Zotec reflects our expectations
that the company's revenue will grow organically at a
high-single-digit rate and its EBITDA margins will remain above
average, with leverage ranging between 5x-7x. We also expect the
company to generate modest free cash flow (excluding debt
refinancing costs) in 2018."


[*] Feb. 7 Auction of $301,700 in Defaulted Timeshare Loans
-----------------------------------------------------------
Orange Lake Country Club, Inc., as sub-servicer of certain
defaulted timeshare loans, will sell the Property in bulk at public
auction slated to take place on Wednesday, February 7, 2018
commencing at 10:00 am at the lobby of 1201 Elm Street, Suite 4600,
Dallas, Texas 75270.

The outstanding principal balance of the loans comprising the
Property is approximately $301,726.25.

A minimum bid amount will be required and such amount will be
announced to interested parties 30 minutes prior to the Auction. It
is anticipated that the minimum bid amount will exceed $275,776.20
-- Estimated Minimum Purchase Price.

The Property will be conveyed via allonge(s) and one or more
unrecorded collateral assignment of mortgages/deeds of trust
without warranties of any kind and without title insurance.  To
qualify to bid, an interested party must 30 minutes prior to the
Auction provide evidence satisfactory to Sub-servicer of its
ability to within 1 hour of the Auction produce cash or a cashier's
check in an amount exceeding the Estimated Minimum Purchase Price.

Information regarding the Property will be made available to
qualified bidders prior to the commencement of the Auction, and
such information will relate to the performance of the entirety of
the loan portfolio comprising the Property rather than information
regarding individual loans.  The Sub-Servicer may withdraw one or
more, or all, of the loans comprising the Property at any time
through and including the time of the Auction.


[*] Feb. 7 Auction of $618,000 in Defaulted Timeshare Loans
-----------------------------------------------------------
Orange Lake Country Club, Inc., as sub-servicer of certain
defaulted timeshare loans, will sell the Property in bulk at public
auction slated to take place on Wednesday, Feb. 7, 2018 commencing
at 10:15 am at the lobby of 1201 Elm Street, Suite 4600, Dallas,
Texas 75270.

The outstanding principal balance of the loans comprising the
Property is approximately $618,241.50.

A minimum bid amount will be required and the amount will be
announced to interested parties 30 minutes prior to the Auction.

It is anticipated that the minimum bid amount will exceed
$440,632.08 -- Estimated Minimum Purchase Price.

The Property will be conveyed via allonge(s) and one or more
unrecorded collateral assignment of mortgages/deeds of trust
without warranties of any kind and without title insurance.

To qualify to bid, an interested party must 30 minutes prior to the
Auction provide evidence satisfactory to Sub-servicer of its
ability to within 1 hour of the Auction produce cash or a cashier's
check in an amount exceeding the Estimated Minimum Purchase Price.

Information regarding the Property will be made available to
qualified bidders prior to the commencement of the Auction, and
such information will relate to the performance of the entirety of
the loan portfolio comprising the Property rather than information
regarding individual loans.

The Sub-Servicer may withdraw one or more, or all, of the loans
comprising the Property at any time through and including the time
of the Auction.


[^] 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        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          195.8     (274.5)    (341.7)
ASPEN TECHNOLOGY  AST GR           195.8     (274.5)    (341.7)
ASPEN TECHNOLOGY  AST TH           195.8     (274.5)    (341.7)
ASPEN TECHNOLOGY  AZPNEUR EU       195.8     (274.5)    (341.7)
ASPEN TECHNOLOGY  AST QT           195.8     (274.5)    (341.7)
ASPEN TECHNOLOGY  AZPNUSD EU       195.8     (274.5)    (341.7)
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)
AUTOZONE INC      0HJL LN        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 QT           184.7      156.2      157.4
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
BOMBARDIER INC-B  0QZP LN       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
CADIZ INC         0HS4 LN           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)
CALIFORNIA RESOU  CRCUSD EU      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)
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)
CASELLA WASTE     CWSTUSD 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)
CHESAPEAKE ENERG  CHKUSD 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         2,953.4     (436.1)   1,092.4
CLEVELAND-CLIFFS  CVA TH         2,953.4     (436.1)   1,092.4
CLEVELAND-CLIFFS  CLF US         2,953.4     (436.1)   1,092.4
CLEVELAND-CLIFFS  CLF* MM        2,953.4     (436.1)   1,092.4
CLEVELAND-CLIFFS  CVA QT         2,953.4     (436.1)   1,092.4
CLEVELAND-CLIFFS  CLF2EUR EU     2,953.4     (436.1)   1,092.4
CLEVELAND-CLIFFS  CLF2 EU        2,953.4     (436.1)   1,092.4
CLEVELAND-CLIFFS  0I0H LN        2,953.4     (436.1)   1,092.4
COGENT COMMUNICA  CCOI US          729.9      (80.1)     236.8
COGENT COMMUNICA  OGM1 GR          729.9      (80.1)     236.8
COMSTOCK RES INC  CRK US           899.6     (328.4)     (46.7)
CONSUMER CAPITAL  CCGN US            5.2       (2.5)      (2.6)
CROWN BAUS CAPIT  CBCA US            0.0       (0.0)      (0.0)
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
DUNKIN' BRANDS G  DNKNUSD EU     3,139.3     (174.1)     157.8
EGAIN CORP        0IFM LN           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)
GENERAL CANNABIS  CANNUSD EU         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  GNC1USD EU     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
GNC HOLDINGS INC  0IT2 LN        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
GOGO INC          GOGOEUR EU     1,362.9     (155.5)     322.8
GOGO INC          0IYQ LN        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
HCA HEALTHCARE I  0J1R LN       35,731.0   (5,066.0)   3,837.0
HELIOS & MATHESO  QCLN GR           17.5      (24.1)     (33.9)
HELIOS & MATHESO  QCLN TH           17.5      (24.1)     (33.9)
HELIOS & MATHESO  QCLN QT           17.5      (24.1)     (33.9)
HELIOS AND MATHE  HMNY US           17.5      (24.1)     (33.9)
HELIOS AND MATHE  HMNYEUR EU        17.5      (24.1)     (33.9)
HELIOS AND MATHE  HMNYUSD EU        17.5      (24.1)     (33.9)
HELIOS AND MATHE  HMNY LN           17.5      (24.1)     (33.9)
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)
HORTONWORKS INC   0J64 LN          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)
HP INC            0J2E LN       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)
IDEXX LABS        0J8P LN        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)
IMMUNOMEDICS INC  0J9H LN          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
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
IWEB INC          IWBB US            0.1       (0.3)      (0.3)
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
L BRANDS INC      0JSC LN        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
LAMB WESTON       LW-WUSD EU     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
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
MIRAGEN THERAPEU  0K1R LN           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
MOODY'S CORP      0K36 LN        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
MOTOROLA SOLUTIO  0K3H LN        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 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
PAPA JOHN'S INTL  PZZAEUR EU       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
PLANET FITNESS-A  0KJD LN        1,366.0     (139.6)      49.0
PLAYAGS INC       AGS US           639.8      (19.5)      30.6
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)
QUANTUM CORP      QTM1USD EU       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
RH                0KTF LN        1,801.6      (25.3)     219.2
ROKU INC          ROKU US          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          ROKUEUR EU       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
ROKU INC          0KXI LN          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
RR DONNELLEY & S  RRDUSD 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)
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)
SBA COMM CORP     0KYZ LN        7,300.5   (2,257.8)    (698.6)
SCIENTIFIC GAMES  SGMS US        7,062.4   (1,976.5)     554.8
SIGA TECH INC     SIGA US          148.7     (312.8)      27.9
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)
SIX FLAGS ENTERT  SIXUSD EU      2,528.3      (67.7)     (70.3)
SOLARWINDOW TECH  WNDW US            3.0       (0.9)       2.6
SOLARWINDOW TECH  2N0N GR            3.0       (0.9)       2.6
SOLARWINDOW TECH  WNDWUSD EU         3.0       (0.9)       2.6
SOLARWINDOW TECH  WNDW LN            3.0       (0.9)       2.6
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)       -
TAUBMAN CENTERS   0LDD LN        4,108.0     (148.8)       -
TINTRI INC        TNTR US          100.9      (68.4)       3.5
TINTRI INC        TI3 GR           100.9      (68.4)       3.5
TINTRI INC        0LFL LN          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       UIS EU         2,296.9   (1,649.9)     340.6
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)       -
UNITI GROUP INC   0LJB LN        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     0V4 TH         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
VTV THERAPEUTI-A  5VT GR            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)
WEIGHT WATCHERS   WTWUSD EU      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  WU5 QT         2,676.5     (288.3)     (50.7)
WIDEOPENWEST INC  WOW1EUR EU     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 ***