/raid1/www/Hosts/bankrupt/TCR_Public/181113.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, November 13, 2018, Vol. 22, No. 316

                            Headlines

461 7TH AVENUE: Proposes to Pay Unsecured Creditors in Full
532 MADISON AVENUE: Taps Pick & Zabicki as Legal Counsel
ACHAOGEN INC: Incurs $41.8 Million Net Loss in Third Quarter
ADAMIS PHARMACEUTICALS: Reports Q3 Net Loss of $8.9 Million
ALERA GROUP: Moody's Affirms B3 CFR, Outlook Stable

ALERA GROUP: S&P Affirms 'B' Long-Term ICR, Outlook Stable
ALI BABA'S TERRACE: Taps Pick & Zabicki as Legal Counsel
ALLIANCE BIOENERGY: Taps Robert Diener as Special Counsel
ALPHATEC HOLDINGS: Incurs $9.35 Million Net Loss in Third Quarter
ANA EMILIA ORTIZ JIMENEZ: Ch. 11 Case Junked for Bad Faith Filing

AREABEATS PROPERTIES: Taps Steven M. Olson as Legal Counsel
BIOSTAGE INC: Appoints AVEO, Axial Executives to Board
BIOSTAGE INC: Appoints Ting Li to Board of Directors
BIOSTAGE INC: Incurs $2.08 Million Net Loss in Third Quarter
BLACK RIDGE: Posts $2.11 Million Net Income in Third Quarter

BLUESTEM BRANDS: S&P Cuts Issuer Credit Rating to CCC, Outlook Neg
BMP GALWAY: Case Summary & 5 Unsecured Creditors
CALLAHAN GRADING: Taps Cooper Law Firm as Legal Counsel
CASHMAN EQUIPMENT: To Refinance Loan on Plan's 6th Anniversary
CHESS EMPORIUM: Business Revenues to Fund Chapter 11 Plan

CHF-COLLEGIATE HOUSING: Moody's Cuts Rating on $35.3MM Bonds to B1
CHRYSLER LLC: Overton Claims Barred by Sale Documents, Court Rules
CIRCLE R REALTY: Taps McDowell Law as Legal Counsel
CITY HOME CARE: Taps Williams Pitts as Accountant
CLASSIC COMMUNITIES: Unsecureds to Recoup 2% Under Liquidation Plan

CLAUDETTE TAXI: Taps Berger Fischoff as Legal Counsel
COATES INTERNATIONAL: Incurs $1.32 Million Net Loss in 3rd Quarter
COCRYSTAL PHARMA: Incurs $1.86 Million Net Loss in Third Quarter
COLLEEN & TOM: Taps Leavitt Legal Services as Legal Counsel
COMMERCE BANK: Williamson Suit Remanded to Mo. State Court

COMMERCIAL METALS: Moody's Confirms Ba1 CFR, Outlook Negative
COMSTOCK RESOURCES: Registers 88.6M Shares for Possible Resale
COMSTOCK RESOURCES: Reports Third Quarter 2018 Financial Results
CREATIVE FOODS: Voluntary Chapter 11 Case Summary
DALLAS BARBECUE: Taps Eric A. Liepins as Legal Counsel

DEFLORA LAKE: Seeks Court Approval to Hire Accountant
DIXIE ELECTRIC: Files Joint Pre-Packaged Plan
DOCTORS HOSPITAL AT DEER CREEK: Files Ch. 11 Plan of Liquidation
DOWLING COLLEGE: Discloses Unsecured Creditor Settlement
DURON SYSTEMS: DTech to Pay Unsecureds Under 5th Amended Plan

EGALET CORP: Files Chapter 11 to Facilitate Restructuring
ENERGY FUTURE: Court Fixes Appropriate Allocation of Admin Expenses
EP ENERGY: Reports Third Quarter Net Loss of $44 Million
EXCO RESOURCES: To Enter Into Exit RBL Facility Under Latest Plan
EYEPOINT PHARMACEUTICALS: Expects to Launch of YUTIQ in Q1 2019

EYEPOINT PHARMACEUTICALS: Posts First Quarter Net Loss of $33-Mil.
FATTY'S BAR: Taps Pickens Cozakos as Special Counsel
FT. HOWARD DEVELOPMENT: Involuntary Ch. 11 Case Remains Dismissed
FULLBEAUTY BRANDS: Moody's Cuts CFR to C & Alters Outlook to Stable
GIGA-TRONICS INC: Incurs $282,000 Net Loss in Second Quarter

GLADYS SMITH: Trustee Taps EisnerAmper as Accountant
GLEN HALVORSON: Taps Goodman & Goodman as Legal Counsel
GLOBAL HEALTHCARE: Abbeville Facility Complies with LT Care Rqmts.
GNC HOLDINGS: Incurs $8.59 Million Net Loss in Third Quarter
GOLDEN STATE: Trustee Taps O'Connor's to Appeal Property Appraisal

GRIER BROS: $2,004 Monthly Payment for Unsecureds at 3.25% Interest
HAUSER ESTATE: Trustee Taps Ronan Group as Accountant
HOUSTON REGIONAL: Court Reopens Evidentiary Record on Remand
ICONIX BRAND: Posts $20.2 Million Net Income in Third Quarter
ICONIX BRAND: Will File Amended First Quarter Form 10-Q

IMPERVA INC: Fitch Assigns B Issuer Default Rating, Outlook Stable
INTRADE LOGISTICS: Monthly Payment to Unsecureds Reduced to $866
JMV HOLDINGS: Voluntary Chapter 11 Case Summary
JUST CABINETS: Dec. 3 Asset Bid Submission Deadline Set
JUST TOYS CLASSIC: Taps BransonLaw as Legal Counsel

KADMON HOLDINGS: Reports $14.3 Million Net Loss for Third Quarter
KEYSTONE PODIATRIC: Asks Court to Approve Disclosure Statement
KONA GRILL: Incurs $5.1 Million Net Loss in Third Quarter
KONA GRILL: Marcus Jundt and Steven Schussler Appointed as Co-CEOs
LAS TUNAS: Taps Henry D. Paloci as Legal Counsel

MCCLATCHY CO: Posts $7 Million Net Income in Third Quarter
MEENA INC: Court Tosses GNC's Bid to Dismiss 4 Chapter 11 Cases
MELINTA THERAPEUTICS: Vatera Has 28.6% Stake as of Nov. 6
MISSION COAL: Taps Christian & Small as Co-Counsel
MISSION COAL: Taps Kirkland & Ellis as Legal Counsel

MISSION COAL: Taps Omni Management as Administrative Agent
MONEYONMOBILE INC: Files Arbitration Case vs. My Mobile Founders
NORTHERN OIL: Posts Third Quarter Net Income of $19 Million
NOVAN INC: Incurs $7.03 Million Net Loss in Third Quarter
OAK ROCK FINANCIAL: Plan Confirmation Hearing Set for Dec. 10

OMEROS CORP: Incurs $39.5 Million Net Loss in Third Quarter
OPERATION SIMULATION: Taps Georgia Realtors to Sell Property
PEARL CITY: Moody's Alters Outlook on GO Debt to Negative
PEPPERELL MILLS: $2.1MM Offer to Purchase Real Property Disclosed
PETROQUEST ENERGY: Case Summary & 30 Largest Unsecured Creditors

PIERSON LAKES: Dec. 17 Hearing on Final Disclosure Statement
QUOTIENT LIMITED: MosaiQ CE Mark Self Certification Complete
REALOGY GROUP: Moody's Affirms Ba3 CFR & Alters Outlook to Negative
REGIONAL EVANGELICAL: Court Junks Ch. 11 Case for Bad Faith Filing
REMARKABLE HEALTHCARE: Likely No Funds Left for Unsecured Claims

REYNOLDS DEVELOPMENT: Unsecureds to Recover 10% Over 5 Years
ROCKIES REGION: Seeks to Hire HMP, Designate 'Responsible Party'
ROCKIES REGION: Taps BMC Group as Noticing Agent
ROCKIES REGION: Taps Gray Reed as Legal Counsel
ROSS COTTOM: Unsecureds to Get 100% in 10 Semi-Annual Payments

SINGLETON FOOD: Taps Scott B. Riddle as Legal Counsel
SKEFCO PROPERTIES: Hearing on Plan Outline Continued to Dec.13
SOAPTREE HOLDINGS: Taps Andersen Law Firm as Legal Counsel
SPANISH BROADCASTING: Posts $8.7 Million Net Income in 3rd Quarter
SPEED VEGAS: Court Issues Final Decree Closing Chapter 11 Case

SPICY VINES: Unsecured Creditors to Recoup 100% Under Proposed Plan
SPINLABEL TECHNOLOGIES: Nov. 28 Plan Confirmation Hearing Set
STONEMOR PARTNERS: Expects Net Loss to Stay Flat in Q1 2018
SUGARLOAF HOLDINGS: Taps Berkeley Research as Financial Advisor
TABERNA PREFERRED: Creditors' Involuntary Ch. 11 Petition Dismissed

TACO BUENO: Files Chapter 11 to Facilitate Restructuring
THX PROPERTIES: Amends Plan to Disclose More Claims Filed
TIRECO INC: Taps Latham Shuker as Legal Counsel
TWIFORD ENTERPRISES: Court Approves Rolling Hills' Plan Outline
VERSACOM LP: Nov. 27 Plan Confirmation Hearing Set

VIDANGEL INC: Court Grants Film Studios' Bid for Relief from Stay
XENETIC BIOSCIENCES: Incurs $1.81 Million Net Loss in Third Quarter
ZENITH MANAGEMENT: Taps Edward Alper as Special Counsel
[*] Bloomberg Law Forms Bankruptcy Innovation Board
[^] Large Companies with Insolvent Balance Sheet


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461 7TH AVENUE: Proposes to Pay Unsecured Creditors in Full
-----------------------------------------------------------
461 7th Avenue Market, Inc., filed a Chapter 11 plan and
accompanying disclosure statement proposing to assume its lease and
paying unsecured creditors in full in cash.

The Debtor is the operator of a deli located at the ground floor of
461 Seventh Avenue, New York, New York.  It entered into the Lease
pursuant to an Assignment and Assumption of Lease from Median Farm,
Inc., on January 5, 2011. The owner of the Premises from January,
2011 until May, 2015, acted through Timothy O'Brien, as Executor of
the Estate of John Delmour Medicus and as agent for Mary Jane
Medicus O'Brien. The Landlord purchased the Premises from the prior
owner in May, 2015. The Debtor was current with its rental
obligation under the Lease until May, 2018, when the Landlord
returned the checks issued for the May, 2018 rent. The Debtor, for
the months of May, June and July, 2018, placed the amount due under
the Lease into a separately designated and maintained debtor in
possession bank account. The Landlord has now accepted these
payments and the monthly rent due thereafter.

On January 19, 2017, the Landlord served the Debtor with a Notice
to Cure, alleging numerous Lease, New York City Department of
Buildings and New York City Fire Department violations related to
the Premises as well as a failure to provide the Landlord with
requisite proof of insurance. The Debtor and the Landlord were
involved in an action in New York State Supreme Court. On May 18,
2018, following the Filing Date, the Debtor commenced an Adversary
Proceeding. The Landlord has sought relief from the automatic stay
and dismissal or abstention of the Adversary Proceeding. The Debtor
has opposed the Landlord's motions. With no warrant of eviction
having been issued, the Debtor has moved to assume its Lease. The
Adversary Proceeding requests damages, counsel fees and costs. The
Debtor estimates that its legal fees may exceed $300,000.00 through
completion of the case. Damages in a sum exceeding $1,000,000.

Bank of Hope's Secured Claim is classified in Class 1.  As of the
Filing Date, the Debtor was indebted to Bank of Hope in an amount
of $231,578.30. The original principal amount of the indebtedness
was $700,000.00 as of January 2011. The Debtor was current with the
Secured Creditor as of the Filing Date and has continued its
payments to the Secured Creditor during the Chapter 11 Case. The
current monthly payment is $7,664.00. The Debtor and Bank of Hope
entered into a Stipulation, approved by the Bankruptcy Court,
consenting to the interim use of cash collateral.

Class 2, Allowed Unsecured Claims, will be paid in full in cash on
the Effective Date including any Allowed accrued and unpaid Post
Filing Date interest at the legal rate. Class 2 Allowed Claims
total $91,466.56 per filed Proofs of Claim and Schedule "E/F" of
the Chapter 11 Petition.

The Debtor will emerge from Chapter 11 following the assumption of
the Lease. It will reaffirm its obligation to Bank of Hope. All
Allowed Claims, other than that of the Secured Creditor, including
Allowed Administrative Claims, will be paid in full on the earlier
of the Effective Date or the date such Claims are allowed from an
infusion of funds. An amount of $250,000.00 has been deposited into
the escrow account of Kurtzman Matera, P.C.

A copy of the Amended Disclosure Statement is available at
https://tinyurl.com/yasg7r4v from PacerMonitor.com at no charge.

                  About 461 7th Avenue Market

461 7th Avenue Market, Inc., filed a Chapter 11 bankruptcy
petition
(Bankr. S.D.N.Y. Case No. 18-22671) on May 3, 2018. In the
petition
signed by its president Young IL Park, the Debtor estimated assets
of less than $50,000 to $100,000 and debts of $100,000 to
$500,000.
The Debtor hired Kurtzman Matera, P.C., as counsel; Kimm Law Firm,
as special counsel; and Sung N. Pak, CPA, PC, as accountant to the
Debtor.



532 MADISON AVENUE: Taps Pick & Zabicki as Legal Counsel
--------------------------------------------------------
532 Madison Avenue Gourmet Foods Inc. received approval from the
U.S. Bankruptcy Court for the Southern District of New York to hire
Pick & Zabicki, LLP as its legal counsel.

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

Pick & Zabicki will charge these hourly rates:

     Partners                 $350 - $425
     Associates                   $250
     Paraprofessionals            $125

The firm received a retainer of $15,000, plus $2,000 for the filing
fee and other expenses.

Douglas Pick, Esq., at Pick & Zabicki, 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:

     Douglas J. Pick, Esq.
     Eric C. Zabicki, Esq.
     Pick & Zabicki, LLP
     369 Lexington Avenue, 12th Floor
     New York, NY 10017
     Phone: 212-695-6000
     Fax: 212-695-6007
     Email: dpick@picklaw.net

             About 532 Madison Avenue Gourmet Foods

532 Madison Avenue Gourmet Foods Inc. is a privately-held company
in New York that operates in the restaurants industry.  532 Madison
Avenue Gourmet Foods sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 18-13117) on Oct. 15,
2018.  At the time of the filing, the Debtor estimated assets of
less than $500,000 and liabilities of $1 million to $10 million.
Judge Michael E. Wiles presides over the case.  The Debtor tapped
Pick & Zabicki LLP as its legal counsel.


ACHAOGEN INC: Incurs $41.8 Million Net Loss in Third Quarter
------------------------------------------------------------
Achaogen, Inc., has filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $41.79 million on $1.99 million of total revenues for the three
months ended Sept. 30, 2018, compared to a net loss of $29.90
million on $577,000 of total revenues for the same period during
the prior year.

For the nine months ended Sept. 30, 2018, the Company reported a
net loss of $138.99 million on $6.70 million of total revenues
compared to a net loss of $89.23 million on $9.30 million of total
revenues for the nine months ended Sept. 30, 2017.

As of Sept. 30, 2018, Achaogen had $97.30 million in total assets,
$62.51 million in total liabilities, $10 million in contingently
redeemable common stock, and $24.78 million in total stockholders'
equity.

At Sept. 30, 2018, Achaogen had $58.2 million in unrestricted cash,
cash equivalents and short-term investments compared to $164.8
million at Dec. 31, 2017.

Achaogen reported ZEMDRI net product sales of $0.3 million for the
three months ended Sept. 30, 2018.  The full commercial launch of
ZEMDRI occurred on July 20, 2018 so there were no similar product
sales in the same period in 2017.  Contract revenue totaled $1.7
million for the third quarter of 2018 compared to $0.6 million for
the same period in 2017.  The increase in contract revenue during
the third quarter was primarily related to the BARDA C-Scape
contract.  As of Sept. 30, 2018, $7.6 million remains under the
BARDA C-Scape contract and up to an additional $6.0 million may be
available under BARDA contract options.  All Achaogen contract
revenue consisted of U.S. government and Gates Foundation funding
for the research and development of product candidates.

Research and Development expenses in the third quarter of 2018 were
$21.7 million, compared to $25.3 million reported for the same
period in 2017.  The decrease in R&D expenses during the quarter
was primarily due to a decrease in personnel and facility related
costs.

Selling, general and administrative expenses in the third quarter
of 2018 were $18.9 million, compared to $11.8 million for the same
period in 2017.  The increase in SG&A expenses during the quarter
was primarily due to an increase in personnel and facility related
costs.

Restructuring expenses in the third quarter of 2018 were $7.9
million.  There were no restructuring charges for in the same
period in 2017.  Restructuring charges include severance and
payroll related costs, stock-based compensation costs and net
facility exit costs related to our corporate restructuring
announced on July 26, 2018.

Change in warrant and derivative liabilities for the third quarter
of 2018 was a $4.9 million gain compared to a $6.8 million gain for
the same period in 2017.  The decrease was primarily due to the
change in the estimated fair value, which decreased due to the
change in the Company's stock price.

Commenting on the Company's commercial and corporate activities,
Blake Wise, Achaogen's chief executive officer, said, "Momentum for
ZEMDRI continues to build and we are pleased with the interest we
are seeing for the product as a result of ZEMDRI's strong clinical
data, differentiated profile, and versatility across inpatient and
outpatient treatment settings.  We also advanced other important
corporate priorities, including the submission of a Marketing
Authorization Application for plazomicin to the European Medicines
Agency while streamlining operations and reducing expenses."

Recent Highlights and Upcoming Milestones

   * ZEMDRI Launch Update: The launch focus continues to be the
     education of physicians on the clinical profile of ZEMDRI and
     building the foundation to support product use across the
     hospital and outpatient settings.  The commercial
     organization continues to build momentum on key leading
     indicators including: formulary review and approval, orders
     of antibiotic susceptibility testing materials and customer
     readiness for therapeutic drug management testing.  ZEMDRI
     revenues for the quarter represent approximately two months
     of product sales prior to broad formulary approval or the
     availability of the NTAP supplementary reimbursement, which
     went into effect on October 1st.  During the quarter, ZEMDRI
     achieved net revenues of $291,000 and, to date, 60% of use
     has been in the outpatient setting.

   * European Marketing Authorization Application (MAA): On
     Oct. 15, 2018, Achaogen announced the submission of a
     Marketing Authorization Application (MAA) to the European
     Medicines Agency for plazomicin seeking approval for the
     following indications:

       - Complicated urinary tract infections (cUTI), including
         pyelonephritis

       - Bloodstream infections (BSI) due to certain
         Enterobacteriaceae and

       - Infections due to Enterobacteriaceae in adult patients
         with limited treatment options

   * NTAP Designation:  On Oct. 1, 2018, a New Technology Add-on
     Payment (NTAP) went into effect for ZEMDRI.  The NTAP
     designation is granted for new technologies that demonstrate
     substantial clinical improvement over current treatments and
     provides hospitals with a payment, in addition to the
     standard-of-care Diagnostic Related Group (DRG)
     reimbursement, of up to 50% of the cost of ZEMDRI when
     prescribed to Medicare patients in a hospital setting for a
     period of two to three years.

Other Corporate Milestones

   * Strategic Review and Restructuring: On Nov. 5, 2018, the
     Company announced a review of strategic alternatives to
     maximize shareholder value and a restructuring to preserve
     cash resources and reduce total expenses.  

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

                      https://is.gd/cQSS0o

                      About Achaogen, Inc.

South San Francisco, California-based Achaogen, Inc. --
http://www.achaogen.com/-- is a biopharmaceutical company
committed to the discovery, development, and commercialization of
novel antibacterials to treat multi-drug resistant gram-negative
infections.  Achaogen's first commercial product is ZEMDRI, for the
treatment of adults with complicated urinary tract infections,
including pyelonephritis.  The Achaogen ZEMDRI program was funded
in part with federal funds from the Biomedical Advanced Research
and Development Authority (BARDA).  The Company is currently
developing C-Scape, an orally-administered
beta-lactam/beta-lactamase inhibitor combination, which is also
supported by BARDA. C-Scape is investigational, has not been
determined to be safe or efficacious, and has not been approved for
commercialization.

Achaogen incurred a net loss of $125.6 million in 2017, a net loss
of $71.22 million in 2016 and a net loss of $27.09 million in 2015.
As of June 30, 2018, Achaogen had $142.7 million in total assets,
$73.78 million in total liabilities, $10 million in contingently
redeemable common stock, and $58.91 million in total stockholders'
equity.

As of June 30, 2018, the Company had working capital of $86.0
million and unrestricted cash, cash equivalents and short-term
investments of $100.5 million.  Based on the Company's available
cash resources, the Company does not have sufficient funds to
support current operations for at least the next twelve months from
Aug. 6, 2018.  Achaogen said this condition results in the
assessment that there is substantial doubt about its ability to
continue as a going concern.


ADAMIS PHARMACEUTICALS: Reports Q3 Net Loss of $8.9 Million
-----------------------------------------------------------
Adamis Pharmaceuticals Corporation has filed with the Securities
and Exchange Commission its Quarterly Report on Form 10-Q reporting
a net loss of $8.87 million on $3.83 million of net revenue for the
three months ended Sept. 30, 2018, compared to a net loss of $6.76
million on $3.38 million of net revenue for the three months ended
Sept. 30, 2017.

For the nine months ended Sept. 30, 2018, the Company reported a
net loss of $26.19 million on $10.93 million of net revenue
compared to a net loss of $17.51 million on $10.23 million of net
revenue for the same period during the prior year.

As of Sept. 30, 2018, the Company had $70.22 million in total
assets, $12.40 million in total liabilities and $57.82 million in
total stockholders' equity.

The Company's cash balance was $32.035 million and $18.33 million
at Sept. 30, 2018 and Dec. 31, 2017, respectively.  The Dec. 31,
2017 cash balance includes approximately $1.0 million in restricted
cash held by the Bear State Bank, N.A. as collateral for a $2.0
million working capital line.  

The Company has significant operating cash flow deficiencies.
Additionally, the Company may require additional funding for future
operations and the expenditures that it believes will be required
to support commercialization of its products and conduct the
clinical and regulatory activities relating to the Company's
product candidates, satisfy existing obligations and liabilities,
and otherwise support the Company's intended business activities
and working capital needs.  The Company said the preceding
conditions raise substantial doubt about the Company's ability to
continue as a going concern.  Management's plans include attempting
to secure additional required funding through equity or debt
financings, sales or out-licensing of intellectual property assets,
seeking partnerships with other pharmaceutical companies or third
parties to co-develop and fund research, development or
commercialization efforts, or similar transactions.  There is no
assurance that the Company will be successful in obtaining the
necessary funding to meet its business objectives.

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

                     https://is.gd/sLNj6b

                         About Adamis

San Diego, Calif.-based Adamis Pharmaceuticals Corporation
(OTCQB:ADMP) -- http://www.adamispharmaceuticals.com/-- is a
specialty biopharmaceutical company focused on developing and
commercializing products in the therapeutic areas of respiratory
disease and allergy.  The company's first product, Symjepi
(epinephrine) Injection 0.3mg, was approved for use in the
emergency treatment of acute allergic reactions, including
anaphylaxis.  Adamis' product pipeline includes HFA metered dose
inhaler and dry powder inhaler products for the treatment of
bronchospasm and asthma.

Adamis incurred a net loss of $25.53 million in 2017 compared to a
net loss of $19.43 million in 2016.  As of June 30, 2018, Adamis
had $39.35 million in total assets, $13.95 million in total
liabilities and $25.39 million in total stockholders' equity.

The report from the Company's independent accounting firm Mayer
Hoffman McCann P.C., in San Diego, California, on the consolidated
financial statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the Company has incurred
recurring losses from operations, and is dependent on additional
financing to fund operations.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


ALERA GROUP: Moody's Affirms B3 CFR, Outlook Stable
---------------------------------------------------
Moody's Investors Service has affirmed the B3 corporate family
rating and B3-PD probability of default rating of Alera Group
Intermediate Holdings, Inc. following the company's announcement
that it is increasing its credit facilities, including a $100
million add-on to its senior secured term loan (rated B3) and a new
$50 million delayed draw senior secured term loan (rated B3). The
company will use proceeds from the incremental borrowing to fund
acquisitions, pay down its revolver and pay related fees and
expenses. The rating outlook for Alera Group is stable.

RATINGS RATIONALE

Alera Group's ratings reflect its expertise in employee benefits
and its healthy EBITDA margins, liquidity and organic growth,
according to Moody's. Alera Group has a limited operating history,
formed by 24 founding agencies in January 2017, although most of
these agencies have a shared history as part of the Benefit
Advisors Network (BAN). BAN, owned by Alera Group, is a network of
small agencies that pay fees to use a shared platform of employee
benefit resources, such as data analytics, ERISA attorneys and
employee benefits advice.

Offsetting these strengths are Alera Group's high financial
leverage, rapid acquisition pace and modest size relative to other
rated insurance brokers and service companies. Given its short
operating history, Alera Group's challenges include building out
its infrastructure and integrating a large number of small agencies
that it has acquired since its inception. Like other insurance
brokers, Alera Group faces contingent risks (e.g., exposure to
errors and omissions) in the delivery of professional services.

As of September 30, 2018, Alera Group had acquired almost 40 mostly
small agencies in addition to the original 24 that merged at the
formation of the company. Through its aggressive acquisition
strategy, the company is diversifying into property and casualty
business, which on a pro forma basis represents about a quarter of
its revenues.

Following the financing, Moody's estimates that Alera Group's pro
forma debt-to-EBITDA ratio will be around 6.5x, with (EBITDA -
capex) coverage of interest of about 2x and a
free-cash-flow-to-debt ratio in the low-to-mid-single digits. These
pro forma metrics include Moody's adjustments for operating leases,
contingent earnout obligations, run-rate EBITDA from completed
acquisitions, and certain non-recurring costs and other items.

The following factors could lead to an upgrade of Alera Group's
ratings: (1) debt-to-EBITDA ratio declining below 5.5x, (2) (EBITDA
- capex) coverage of interest consistently exceeding 2x, (3)
free-cash-flow-to-debt ratio exceeding 5%, and (4) demonstrated
ability to grow revenue and expand margins.

The following factors could lead to a downgrade of Alera Group's
ratings: (1) debt-to-EBITDA ratio consistently above 6.5x, (2)
(EBITDA - capex) coverage of interest below 1.2x, or (3)
free-cash-flow-to-debt ratio below 2%.

Moody's has affirmed the following ratings (and loss given default
(LGD) assessments):

Corporate family rating at B3;

Probability of default rating at B3-PD;

$80 million senior secured revolving credit facility maturing in
August 2023 at B3 (LGD3);

$550 million (including proposed $100 million add-on) senior
secured term loan maturing in August 2025 at B3 (LGD3).

Moody's has assigned the following rating (and LGD assessment):

$50 million senior secured delayed draw term loan maturing in
August 2025 at B3 (LGD3).

The rating outlook for Alera Group is stable.

The principal methodology used in these ratings was Insurance
Brokers and Service Companies published in June 2018.

Based in Deerfield, Illinois, Alera Group operates as a holding
company for agencies headquartered in over 20 states and across 48
locations with a concentration in the Northeast. The company serves
a diversified client base of more than 20,000 middle market
businesses nationally, providing employee benefits, along with
property and casualty and wealth management products and services.
Alera Group generated revenue of $198 million for the 12 months
through June 2018.


ALERA GROUP: S&P Affirms 'B' Long-Term ICR, Outlook Stable
----------------------------------------------------------
S&P Global Ratings said affirmed its 'B' long-term issuer credit
rating on Alera Group Intermediate Holdings Inc. following Alera
Group's proposed $100 million add-on to its first-lien debt to fund
acquisitions under letters of intent (LOI) and pay down the
outstanding revolver balance. The outlook is stable.

S&P said, "We have also affirmed our 'B' debt rating and '3'
recovery rating, indicating our expectation for meaningful (50%)
recovery of principal in the event of a default--on the company's
senior secured facility consisting of an $80 million revolver and
$550 million (including the add-on) first-lien term loan due 2025.

"The rating affirmation reflects our view that Alera Group's credit
measures post-issuance will remain stable and within our
expectations. Alera Group's stable and growing earnings will enable
it to carry the increased debt load, and we do not expect this to
impair its overall financial risk profile. We expect Alera Group to
use proceeds from the add-on to finance $66 million of planned
acquisitions under LOI and repay $35 million of borrowings on its
revolver. The funds it will use to pay for acquisitions under LOI
will be placed in a segregated account, required to be used within
nine months after transaction closing. Additionally, Alera Group
will raise a $50 million delayed-draw term loan to fund future
acquisitions.

"The stable outlook reflects our expectations that Alera Group will
display healthy revenue and EBITDA growth and maintain stable
credit metrics with enough free cash flow to support its
acquisitive strategy. We expect the company to maintain a pro forma
debt to EBITDA of 5.8x-6.2x as of year-end 2018, with a slight
uptick in leverage to 6.0x-6.5x in 2019 as the company's pace of
acquisitions ramp up and it enhances its growth strategy. We also
expect the company to maintain heathy margins around 27%-30% in
2018-2019 and EBITDA interest coverage above 2x.

"We would consider lowering the rating in the next 12 months if
Alera Group's credit protection measures worsen materially,
including leverage over 7x and EBITDA coverage below 2x, through
either deterioration in organic growth, operating margins,
cash-flow generation, or more aggressive financial policies.

"Although an upgrade is unlikely within the next 12 months, we
could raise the rating if cash-flow generation were to improve
financial leverage and EBITDA coverage to a more conservative level
(financial leverage of less than 5x and EBITDA coverage above 3x)
that we would expect the company to sustain, combined with a track
record of profitable growth and enhanced scale and
diversification."  



ALI BABA'S TERRACE: Taps Pick & Zabicki as Legal Counsel
--------------------------------------------------------
Ali Baba's Terrace Inc. received approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Pick & Zabicki,
LLP as its legal counsel.

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

Pick & Zabicki will charge these hourly rates:

     Partners                 $350 - $425
     Associates                   $250
     Paraprofessionals            $125

The firm received a retainer of $17,000, of which $2,000 was used
to pay the filing fee and expenses.

Douglas Pick, Esq., at Pick & Zabicki, 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:

     Douglas J. Pick, Esq.
     Eric C. Zabicki, Esq.
     Pick & Zabicki, LLP
     369 Lexington Avenue, 12th Floor
     New York, NY 10017
     Phone: 212-695-6000
     Fax: 212-695-6007
     Email: dpick@picklaw.net

                    About Ali Baba's Terrace

Ali Baba's Terrace Inc. operates a restaurant providing Turkish
cuisine located at 862 Second Avenue, New York.

Ali Baba's Terrace Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 18-13050) on Oct. 5,
2018.  At the time of the filing, the Debtor estimated assets of
less than $500,000 and liabilities of less than $500,000.  The
Debtor tapped Pick & Zabicki LLP as its legal counsel.


ALLIANCE BIOENERGY: Taps Robert Diener as Special Counsel
---------------------------------------------------------
Alliance BioEnergy Plus, Inc., seeks approval from the U.S.
Bankruptcy Court for the Southern District of Florida to hire the
Law Offices of Robert Diener as special counsel.

The firm will represent the Debtor in corporate and securities law
matters.  

Robert Diener, Esq., the attorney who will be providing the
services, will charge an hourly fee of $350.

Mr. Diener disclosed in a court filing that he neither holds nor
represents any interest adverse to the Debtor's bankruptcy estate.

The firm can be reached through:

     Robert L. B. Diener, Esq.
     Law Offices of Robert Diener
     41 Ulua Place
     Haiku, HI 96708
     Phone Number: (808) 573-6163
     Fax Number: (310) 362-8887
     Email: rob@rdienerlaw.com

                 About Alliance BioEnergy Plus

West Palm Beach, Florida-based Alliance BioEnergy Plus, Inc. --
http://www.alliancebioe.com/-- is a publicly-traded technology
company focused on emerging technologies in the renewable energy,
biofuels, and new technologies sectors.  The company is now focused
on the development and commercialization of the licensed technology
it controls through its affiliate Carbolosic, LLC.  Through its
wholly-owned subsidiary, AMG Energy, the company owns Ek
Laboratories, Inc. and a 50% interest in Carbolosic (which includes
certain licensing rights in North America and Africa).

Alliance BioEnergy Plus sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-23071) on Oct. 22,
2018.  In the petition signed by CEO Benjamin Slager, the Debtor
estimated assets of $1 million to $10 million and liabilities of $1
million to $10 million.  Judge Erik P. Kimball presides over the
case.  The Debtor tapped Mancuso Law, P.A. as its legal counsel.


ALPHATEC HOLDINGS: Incurs $9.35 Million Net Loss in Third Quarter
-----------------------------------------------------------------
Alphatec Holdings, Inc. has filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $9.35 million on $23 million of revenues for the three months
ended Sept. 30, 2018, compared to a net loss of $3.13 million on
$23.09 million of revenues for the three months ended Sept. 30,
2017.

For the nine months ended Sept. 30, 2018, the Company reported a
net loss of $18.34 million on $66.35 million of revenues compared
to a net loss of $11.34 million on $74.45 million of revenues for
the same period during the prior year.

As of Sept. 30, 2018, the Company had $131.46 million in total
assets, $33.14 million in total current liabilities, $34.28 million
in long-term debt, $16.22 million in other long-term liabilities,
$23.60 million in redeemable preferred stock, and $24.21 million in
total stockholders' equity.

Operating cash burn (excluding debt service and transaction-related
costs) for the third quarter was $6.4 million.

Cash and cash equivalents were $35.1 million at Sept. 30, 2018,
compared to $44.9 million at June 30, 2018.

Alphatec stated in the Form 10-Q that, "We have incurred
significant net losses since inception and relied on our ability to
fund our operations through revenues from the sale of our products,
debt financings and equity financings, including our private
placement in March 2018...As we have incurred losses, a successful
transition to profitability is dependent upon achieving a level of
revenues adequate to support our cost structure.  This may not
occur and, unless and until it does, we will continue to need to
raise additional capital.  At September 30, 2018, our principal
sources of liquidity consisted of cash of $35.1 million and
accounts receivable (net) of $12.2 million.  We believe that our
current available cash and draws on our revolving credit facility,
will be sufficient to fund our planned expenditures and meet our
obligations for at least 12 months following our financial
statement issuance date."

                 Comparison of Financial Results

On a year-over-year basis, revenue has been impacted by the ongoing
transition of the Company's distribution channel to more dedicated,
scalable partners and the discontinuation of non-strategic
distributor relationships.  The effectiveness of the dedicated
sales channel, coupled with new surgeon adoption, is beginning to
offset revenue losses associated with the transition. The
year-over-year increase in operating expenses is attributable to
litigation support costs, transaction-related expenses associated
with the Company's acquisition of SafeOp Surgical, Inc., and
increased investment in product development initiatives as the
Company expands its product pipeline.

                      2018 Financial Outlook

With improved clarity into how the remainder of the year will
progress, ATEC now expects total revenue for 2018 in the range of
$92 to $95 million, compared to the Company's previous revenue
guidance of approximately $95 million.  This guidance reflects
anticipated fourth quarter domestic revenue growth of more than
10%, on both a sequential and year-over-year basis.

                      Refinanced Debt Facility

On Nov. 6, 2018, ATEC closed $35 million in senior secured debt
financing from Squadron Medical Finance Solutions, a provider of
debt financing to growing companies in the orthopedic industry. Net
proceeds of approximately $33.8 million, after estimated expenses,
were used to retire the Company's existing $29.2 million term debt.
The remainder of the proceeds will be used for general corporate
purposes.

The debt has a five-year maturity and bears interest at LIBOR plus
8% (currently 10.3%) per year.  Interest-only payments are due
monthly through May 2021, followed by $10 million in principal
payable in 29 equal monthly installments beginning June 2021, and a
$25 million lump-sum payment at maturity in November 2023.
This new term loan reduces the Company's cost of debt capital by
approximately 5% and extends amortization by an additional 30
months over the prior term loan.  The new term loan decreases debt
service cash requirements by nearly $27 million over the next three
years, significantly enhancing the Company's flexibility during a
critical time for growth-related investments.

In connection with the financing, ATEC issued warrants to Squadron
to purchase 845,000 shares of common stock at an exercise price of
$3.15 per share.  The warrants have a seven-year term and are
exercisable immediately.

        Organizational, Commercial and Product Highlights

   * Completed a $35 million debt financing and retired the
     Company's $29.2 million term loan with Globus Medical, which
     will reduce debt service costs by approximately $27 million
     over the next three years

   * Obtained 510(k) clearance for the OsseoScrew System, the
     first-of-its-kind, expandable pedicle screw system, intended
     to restore the integrity of the spinal column in patients
     with advanced stage tumors involving the thoracic and lumbar
     spine

   * Continued transition of the sales organization and increased
     contribution from dedicated agents to 63% of U.S. commercial
     revenue

   * Made three key additions to the ATEC leadership team: Mark
     Ojeda, Executive Vice President of Cervical & Biologics, and
     Darrell Wilson and Mason Zabel, Territory Development
     Managers for the Central United States, who collectively
     bring decades of spine industry success to ATEC

"I am exceptionally proud of our accomplishments in the third
quarter," said Pat Miles, chairman and chief executive officer of
ATEC.  "We achieved another quarter of sequential growth in U.S.
commercial revenue, in what is traditionally a seasonally
challenging quarter for spine.  We also experienced year-over-year
revenue growth in our U.S. commercial business for the first time
since we began the process of reducing non-strategic distributor
relationships in early 2017.  We are building a motivated and
focused sales force while bringing clinical distinction to our
portfolio in order to accelerate new surgeon adoption.  The
surgeons and sales representatives who now are partnering with us
recognize that change is coming and believe wholeheartedly in the
ability of this team to bring profound innovation to a market that
needs it."

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

                      https://is.gd/q6p8xY

                    About Alphatec Holdings

Carlsbad, California-based Alphatec Holdings, Inc., through its
wholly owned subsidiaries, Alphatec Spine, Inc. and SafeOp
Surgical, Inc., is a medical device company that designs, develops,
and markets technology for the treatment of spinal disorders
associated with disease and degeneration, congenital deformities,
and trauma.  The Company's mission is to improve lives by providing
innovative spine surgery solutions through the relentless pursuit
of superior outcomes.  The Company markets its products in the U.S.
via independent sales agents and a direct sales force.

Alphatec incurred a net loss of $2.29 million in 2017 following a
net loss of $29.92 million in 2016.


ANA EMILIA ORTIZ JIMENEZ: Ch. 11 Case Junked for Bad Faith Filing
-----------------------------------------------------------------
Bankruptcy Judge Enrique S. Lamoutte granted RL Capital
International, LLC's motion to dismiss the chapter 11 case of Ana
Emilia Ortiz Jiminez.

RL Capital also filed a motion to lift the automatic stay. RL
prayed for an order lifting the automatic stay for lack of adequate
protection, and because the property lacks equity and the debtor
has no possibility of effective reorganization. Debtor opposed the
motion to lift stay on the grounds that she has offered adequate
protection payments in the amount of $3,367 per month.

RL requested the dismissal of the petition pursuant to section
1112(b) alleging that the debtor has failed to maintain appropriate
insurance in order to protect the estate and the public, has failed
to provide the information or attend the meetings requested by the
U.S. Trustee, and filed the petition in bad faith. Debtor filed an
opposition to the motion to dismiss alleging that evidence of
insurance has been provided and that she is in the process of
complying with the requests made by the U.S. Trustee.

The facts of this case show that the debtor has not made any
payment to the secured creditor since 2010, foreclosure has been
stalled since the filing of the first petition on Dec. 8, 2010,
irrespective of whether or not the debtor expressly authorized the
filing of the other three petitions prior to the present one. The
filing of this petition was on the eve of the public sale. The
debtor has not shown reasonable likelihood of rehabilitation within
a reasonable period of time. The combination of these factors do
establish that the petition was filed in bad faith, that is, to
continue forestalling execution.

The failure to maintain appropriate insurance is cause for the
conversion or dismissal of the Debtor's case. Section 1112(b)(4)(C)
identifies as a separate cause for conversion or dismissal a
debtor's failure to "maintain appropriate insurance that pose a
risk to the estate or the public." The court finds that the debtor
failed to show evidence of insurance as of the date of the hearing.
Therefore, RL has established cause for dismissal pursuant to
section 1112(b)(4)(C).

In sum, the court finds that there exists sufficient cause for the
dismissal or the conversion of the case to a Chapter 7 proceeding
pursuant to 11 U.S.C. section 1112(b)(4)(C) and for filing the
petition in bad faith. No "unusual circumstances" have been
demonstrated. Although dismissal moots the request to lift the
automatic stay, the court finds that RL did meet its burden to lift
the automatic stay.

A copy of the Court's Opinion and Order dated Nov. 7, 2018 is
available at:

     http://bankrupt.com/misc/prb18-04070-11-102.pdf

Ana Emilia Ortiz Jimenez filed for chapter 11 bankruptcy protection
(Bankr. D.P.R. Case No. 18-04070) on July 19, 2018, and is
represented by Gloria Justiniano Irizarry, Esq. of Justiniano’s
Law Office.


AREABEATS PROPERTIES: Taps Steven M. Olson as Legal Counsel
-----------------------------------------------------------
AreaBeats Properties, LLC, seeks approval from the U.S. Bankruptcy
Court for the Northern District of California to hire Law Office of
Steven M. Olson 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.

Steven Olson, Esq., owner of the firm, charges an hourly fee of
$500.  His associate attorney Jacob Faircloth, Esq., charges $300
per hour.

The firm received a $17,500 retainer, which included the filing fee
of $1,717.

Mr. Olson disclosed in a court filing that he neither holds nor
represents any interest adverse to the Debtor's bankruptcy estate.

The firm can be reached through:

     Steven M. Olson, Esq.
     Jacob M. Faircloth, Esq.
     Law Office of Steven M. Olson
     100 E. Street, Suite 104
     Santa Rosa, CA 95404
     Telephone: (707) 575-1800
     Facsimile: (707) 575-1867
     Email: smo@smolsonlaw.com

                    About AreaBeats Properties

AreaBeats Properties, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Cal. Case No. 18-31137) on Oct.
18, 2018.  It filed as a single asset real estate debtor (as
defined in 11 U.S.C. Section 101(51B)).

In the petition signed by Laura van Galen, manager, the Debtor
estimated assets of $1 million to $10 million and liabilities of $1
million to $10 million.  Judge Hannah L. Blumenstiel presides over
the case.  The Debtor tapped the Law Office of Steven M. Olson as
its legal counsel.


BIOSTAGE INC: Appoints AVEO, Axial Executives to Board
------------------------------------------------------
Matthew Dallas and Jeffrey Young were appointed to Biostage, Inc.'s
Board of Directors, effective Nov. 6, 2018.

Mr. Dallas brings more than 20 years of financial management
experience, including 18 years in the life sciences industry.  He
is currently the CFO of AVEO Oncology, a biopharmaceutical company
advancing a broad portfolio of targeted oncology medicines and
other unmet medical treatments.  Prior to AVEO, Mr. Dallas served
as CFO and treasurer of CoLucid Pharmaceuticals, a position he held
through that biopharmaceutical company's initial public offering,
follow-on offering, and subsequent acquisition for approximately
$960 million by Eli Lilly and Company in March 2017. Mr. Dallas
also previously worked at Genzyme Corporation, NEN Life Sciences,
and Kimberly-Clark Corporation where he held various positions of
increasing responsibility in finance and accounting. Mr. Dallas
holds a bachelor of science in finance from the University of
Tennessee, Knoxville.

Mr. Young, meanwhile, also brings over 20 years of finance, capital
markets, and financial operations experience in the life sciences
sector.  He is currently the CFO of Axial Biotherapeutics, a
biopharmaceutical company developing a new class of therapeutics
for central nervous system (CNS) disorders by harnessing the link
between the human gut microbiome and the CNS.  Prior to Axial, Mr.
Young served as CFO, treasurer and secretary at Juniper
Pharmaceuticals, Inc., where he played an instrumental role in
Juniper's acquisition by Catalent.  Prior to Juniper, Mr. Young
served as CFO and treasurer of OvaScience, Transmedics, and
Lantheus Medical Imaging. He also previously worked at Critical
Therapeutics, PerkinElmer, Inc., and PriceWaterhouseCoopers LLP
where he held various positions of responsibility in finance and
accounting.  Mr. Young holds a bachelor of science in business
administration from Georgetown University.

Mr. Dallas and Mr. Young will both be members of the Company's
Audit Committee, of which Mr. Young will also serve as Chairman.

Mr. Dallas commented, "Biostage is at an important inflection point
in its evolution and I am excited to join its Board of Directors.
I believe my financial management and business support experiences
in early- and late-stage life sciences companies will help me guide
the decisions Biostage makes as it advances its Cellframe™
technology to patients."

Mr. Young commented, "I am excited to join the Biostage Board of
Directors.  The Company is at an important time as an early stage
biotech working to advance its product to clinic.  I hope my
financial and strategic experience in early and late stage life
science companies will enhance Biostage's strategic decisions as it
advances the Cellframe technology to bring a valuable medical
technology to patients."

Biostage CEO Jim McGorry commented, "I and the other members of the
company's Board are excited to welcome Jeff and Matt to the
Biostage Board.  They both bring to our Board seasoned financial
experience in life science companies like Biostage that will
provide us with additional strategic financial insight and
guidance.  We are very happy to add these gentlemen as Board
members as we explore different fundraising avenues to ensure our
life-saving product ultimately reaches the patients in need."

                         About Biostage

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

Biostage incurred a net loss of $11.91 million in 2017 and a net
loss of $11.57 million in 2016.  As of Sept. 30, 2018, the Company
had $4.45 million in total assets, $938,000 in total liabilities
and $3.51 million in total stockholders' equity.  

The report from the Company's independent accounting firm KPMG LLP,
in Cambridge, Massachusetts, on the consolidated financial
statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the Company has suffered
recurring losses from operations and will require additional
financing to fund future operations which raise substantial doubt
about its ability to continue as a going concern.


BIOSTAGE INC: Appoints Ting Li to Board of Directors
----------------------------------------------------
Biostage, Inc. has appointed Ms. Ting Li to its Board of Directors
after her valuable role this year in securing funding for the
Company, effective Nov. 6, 2018.

Ms. Li brings over 20 years of investment banking experience,
building relationships between customers and enterprises.  Ms. Li
is currently a managing partner at Donghai Securities Co., Ltd, a
top asset management company in China, and also serves as the vice
president of the Jilin Enterprise Chamber of Commerce and advisor
of the School of Continuing Education of Tsinghua University.  Ms.
Li holds a bachelor degree in accounting from China's Changchun
Taxation College in Changchun, Jilin Province, and a master's
degree in software engineering from Jilin University, also in
Changchun.

Ms. Li commented, "I am honored and motivated to join the Biostage
Board of Directors.  The Company is working to bring a valuable
medical technology to patients, especially children, in need of
better solutions and outcomes.  I believe my experience forging
relationships between investors and enterprises will support
Biostage's access to the capital needed to support its strategy to
bring its technology to China."

Biostage CEO Jim McGorry commented, "I and the other members of the
company's Board are pleased to welcome Ms. Li to the Biostage
Board.  Ms. Li's experience building relationships between
customers and investment institutions in the China securities
industry will be invaluable as Biostage develops plans to expand
our programs in the China market."

                         About Biostage

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

Biostage incurred a net loss of $11.91 million in 2017 and a net
loss of $11.57 million in 2016.  As of Sept. 30, 2018, the Company
had $4.45 million in total assets, $938,000 in total liabilities
and $3.51 million in total stockholders' equity.  

The report from the Company's independent accounting firm KPMG LLP,
in Cambridge, Massachusetts, on the consolidated financial
statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the Company has suffered
recurring losses from operations and will require additional
financing to fund future operations which raise substantial doubt
about its ability to continue as a going concern.


BIOSTAGE INC: Incurs $2.08 Million Net Loss in Third Quarter
------------------------------------------------------------
Biostage, Inc., has filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
and comprehensive loss of $2.08 million on $0 of revenues for the
three months ended Sept. 30, 2018, compared to a net loss and
comprehensive loss of $3.24 million on $0 of revenues for the same
period during the prior year.  The $1.1 million year-over-year
decrease in net loss was attributable primarily to a corresponding
$1.1 million decrease in research and development costs.

For the nine months ended Sept. 30, 2018, the Company reported a
net loss and comprehensive loss of $5.69 million on $0 of revenues
compared to a net loss and comprehensive loss of $10.68 million on
$0 of revenues for the nine months ended Sept. 30, 2017.  The $5.0
million year-over-year decrease in net loss was attributable
primarily to a $4.3 million decrease in research and development
costs and a $500,000 net decrease in expense from change in the
fair value of warrants.

The Company also recognized grant income for qualified expenditures
from a Fast-Track Small Business Innovation Research (SBIR) grant
of approximately $90,000 and $225,000, respectively, for the three
and nine months ended Sept. 30, 2018.  There was no grant income
recorded in the comparable periods in 2017.

As of Sept. 30, 2018, the Company had $4.45 million in total
assets, $938,000 in total liabilities and $3.51 million in total
stockholders' equity.   

At Sept. 30, 2018, the Company had cash on-hand of $3.5 million and
no debt.  The Company used net cash in operations of approximately
of $5.5 million during the first nine months of 2018, approximately
$700,000 of which represented payments of aged vendor payables
incurred in 2017.  The Company also generated approximately $5.0
million, net, from financing activities during the first nine
months of 2018.

"We have incurred operating losses since inception, and as of
September 30, 2018 we had an accumulated deficit of approximately
$53.9 million.  We are currently investing significant resources in
the development and commercialization of our products for use by
clinicians and researchers in the field of regenerative medicine.
As a result, we expect to incur operating losses and negative
operating cash flow for the foreseeable future," said Biostage in
the SEC filing.

Net cash used in operating activities of $5.5 million for the nine
months ended Sept. 30, 2018 was primarily due to the Company's net
loss of $5.7 million, in addition to approximately $0.6 million of
cash used for working capital, offset by $0.8 million add-back of
non-cash expenses related to the change in the fair value of its
warrant liability, stock-based compensation and depreciation.
  
Net cash used in operating activities of $9.4 million for the nine
months ended Sept. 30, 2017 was primarily a result of its $10.7
million net loss, partially offset by a $1.6 million add-back of
non-cash expenses related to the change in the fair value of
warrant liability, stock-based compensation and depreciation.

Net cash used by investing activities of $63,000 during the nine
months ended Sept. 30, 2018 reflected $0.1 million of property,
plant and equipment additions, offset in part by $64,000 of cash
received from the sale of property, plant and equipment.

Net cash used in investing activities during the nine months ended
Sept. 30, 2017 of $0.1 million represented cash used for purchase
of property and equipment.

Net cash generated from financing activities of $5.0 million during
the nine months ended Sept. 30, 2018 consisted of the net proceeds
of $5.3 million received from private placement transactions that
resulted in the issuance of 1,602,115 shares of the Company's
common stock at an average purchase gross price of price of $3.495
per share, partially offset by the repayment of a $0.3 million
deposit to an investor related to the private placement transaction
from December 2017.

Net cash generated from financing activities during the nine months
ended Sept. 30, 2017 of $7.9 million consisted of the net proceeds
from the issuance of 1,000,000 shares of our common stock at a
purchase price of $8.00 per share, the issuance of warrants to
purchase 1,000,000 shares of common stock at an exercise price of
$8.00 per warrant and warrants issued to placement agents for the
offering to purchase 50,000 shares of common stock at an exercise
price of $10.00 per warrant and $1.1 million from the conversion of
warrants for 132,367 shares of common stock at $8.00 per share.

                  Third Quarter Operating Highlights

During the third quarter of 2018, the Company advanced its
operating programs aimed at bringing its potentially life-changing
Cellframe technology to underserved patient populations.  During
the quarter, the Company:

   * Completed Phase I of a Fast-Track SBIR grant for $225,000 to
     develop its Cellspan Esophageal Implant (CEI) as a novel
     treatment for esophageal atresia in pediatric patients.

   * Made progress on all three cohorts of the Company's pre-
     clinical piglet studies for the treatment of esophageal
     atresia being conducted in collaboration with Connecticut  
     Children's Medical Center.

   * Submitted a follow-up package to the U.S. Food and Drug
     Administration (FDA) summarizing three additional Good
     Laboratory Practice (GLP) preclinical studies and an FDA
     approved first-in-human use of our Cellspan esophageal
     implant in support of our Investigational New Drug (IND)
     filing now targeted for mid-year 2019.

   * Established advisory relationships with five new clinical
     experts for current standard-of-care insight and clinical
     protocol benefit risk assessment.  This scientific and      
     clinical feedback endorse the Company's technology platform.

Subsequent to the close of the third quarter of 2018, the Company
announced that it was awarded  $1.1 million on Nov. 6, 2018 for
Phase II of the Fast-Track SBIR grant that supports Biostage's
development and testing of its Cellspan Esophageal Implant (CEI)
for treatment of neonatal esophageal atresia.  The Eunice Kennedy
Shriver National Institute of Child Health and Human Development,
the provider of this grant, is dedicated to bringing innovation and
new treatments to underserved children.  The Company believes this
award is further financial and scientific validation of the
Company's technology.

Company CEO Jim McGorry commented, "We had a strong third quarter
operationally.  Our confidence in our technology grew through the
feedback and insight of five new clinical advisors.  This
scientific validation from key opinion leaders (KOLs) on the
forefront of esophageal disease supports that we are on the right
track.  Additionally, the consistent regeneration data from our
ongoing animal studies will support filing our first-in-human IND
for esophageal disease in mid-year 2019.  We have completed three
preclinical studies under the required clinical conditions and the
final animal study will be completed in the next few months."

Mr. McGorry continued, "Our progress since the start of the year
has been remarkable.  Given our operational progress this year and
fresh clinical feedback from world-class KOLs we see with renewed
conviction our transition to a clinical-stage company in 2019."

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

                  https://is.gd/BSmXH8

                      About Biostage

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

Biostage incurred a net loss of $11.91 million in 2017 and a net
loss of $11.57 million in 2016.  As of June 30, 2018, Biostage had
$6.77 million in total assets, $1.36 million in total liabilities
and $5.40 million in total stockholders' equity.

The report from the Company's independent accounting firm KPMG LLP,
in Cambridge, Massachusetts, on the consolidated financial
statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the Company has suffered
recurring losses from operations and will require additional
financing to fund future operations which raise substantial doubt
about its ability to continue as a going concern.


BLACK RIDGE: Posts $2.11 Million Net Income in Third Quarter
------------------------------------------------------------
Black Ridge Oil & Gas, Inc., has filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting net
income of $2.11 million on $0 of total revenues for the three
months ended Sept. 30, 2018, compared to a net loss of $580,477 on
$0 of total revenues for the three months ended Sept. 30, 2017.

For the nine months ended Sept. 30, 2018, the Company reported net
income of $1.77 million on $0 of total revenues compared to a net
loss of $838,688 on $1 million of total revenues for the same
period during the prior year.

As of Sept. 30, 2018, the Company had $142.83 million in total
assets, $447,029 in total liabilities, $140.20 million in
redeemable non-controlling interest, and $2.18 million in total
stockholders' equity.

Net cash provided by operating activities was $473,366 for the nine
months ended Sept. 30, 2018 and net cash used in operating
activities was $246,679 for the nine months ended Sept. 30, 2017,
respectively, a period over period increase of $720,045.  The
primary contributor to the difference was the net settlement income
of $2,137,500 in 2018 offset by the lack of revenue in 2018 while
revenue in the 2017 period was $1,000,000, all from the Company's
management services agreement with BRHC.  Changes in working
capital resulted in an increase in cash of $233,001 in the nine
months ended Sept. 30, 2018 as compared to an increase in cash of
$105,951 for the same period in the previous year, with 2018
primarily driven by an increase in taxes payable and 2017 driven by
an increase in accounts payable and a decrease in prepaid
expenses.

Net cash provided by investing activities was $187,773 and $2,160
for the nine months ended Sept. 30, 2018 and 2017, respectively.
The cash provided from investing activities in 2018 was the result
of cash released from the Trust Account to pay for taxes and
franchise fees.  The $2,160 in cash provided by investing
activities in 2017 was from the sale of fixed assets no longer
needed by the Company.

The sole financing activity in 2018 was $450 received from the
exercise of stock warrants.  Net cash provided by financing
activities was $4,900,126 for the nine months ended Sept. 30, 2017.
During the 2017 period the Company received $5,051,675, net of
$130,164 of offering costs, from the sale of stock in the Rights
Offering and related Backstop Agreement.  Additionally, the Company
paid $151,549 in deferred offering costs related to BRAC's IPO.

As of Sept. 30, 2018, the Company's cash balance was $2,138,678.
The Company said, "We will continue to have general and
administrative expenses to remain a public company and continue
with our business plan.  The cash on hand would be insufficient to
cover our current cash needs over the next year.

"We continue to pursue sources of additional capital through
various financing transactions or arrangements, including joint
venturing of projects, equity financing or other means.  We may not
be successful in identifying suitable funding transactions in a
sufficient time period or at all, and we may not obtain the capital
we require by other means.  If we do not succeed in raising
additional capital, our resources may not be sufficient to fund our
business.  The consolidated financial statements do not include any
adjustments that might result from the outcome of the going concern
uncertainty."

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

                      https://is.gd/C7FbvX

                       About Black Ridge

Black Ridge Oil & Gas -- http://www.blackridgeoil.com/-- is a
company focused on acquiring, investing in, and managing the oil
and gas assets for its partners.  The Company continues to pursue
asset acquisitions in all major onshore unconventional shale
formations that may be acquired with capital from its existing
joint venture partners or other capital providers.  Black Ridge is
based in Minneapolis, Minnesota.

M&K CPAS, PLLC, the Company's auditor since 2010, issued a "going
concern" qualification in its report on the consolidated financial
statements for the year ended Dec. 31, 2017, stating that the
Company suffered a net loss from operations and negative cash flows
from operations, which raise substantial doubt about its ability to
continue as a going concern.

Black Ridge reported a net loss attributable to the Company of
$392,529 in 2017 following net income attributable to the Company
of $29.94 million in 2016.  As of June 30, 2018, Black Ridge had
$140.47 million in total assets, $278,700 in total liabilities,
$139.69 million in redeemable non-controlling interest and $502,667
in total stockholders' equity.


BLUESTEM BRANDS: S&P Cuts Issuer Credit Rating to CCC, Outlook Neg
------------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Bluestem
Brands Inc. to 'CCC' from 'CCC+'. The outlook is negative.

S&P said, "At the same time, we lowered the issue-level rating on
the company's $580 million (~$430 million outstanding) senior
secured term loan to 'CCC' from 'CCC+'. The '4' recovery rating
indicates our expectation for average (30% to 50%; rounded
estimate: 45%) recovery in the event of default.

"The downgrade reflects our belief that there is an increased
likelihood Bluestem will pursue a debt restructuring below par
within the next 12 months to address its unsustainable capital
structure, given weak operating performance trends that we do not
expect to improve materially in advance of the revolver maturity in
July 2020 and term loan maturity in November 2020. Given the
current trading levels of the term loan in the mid sixty cent
range, we believe there is a potential for the company to
repurchase the obligation at below par, which we would consider a
distressed exchange.  We view Bluestem's liquidity position as less
than adequate, with minimal headroom under the company's 4.5x debt
leverage ratio covenant.

"The negative outlook reflects our view that the company could
pursue a distressed debt exchange or restructuring in the next 12
months. The outlook considers our expectation for operating
performance to remain weak amid continued pressure in the retail
industry, tight covenant headroom, and our view of liquidity as
less than adequate.

"We could lower the rating if the company announces a distressed
restructuring, or operating conditions worsen such that we envision
a restructuring within the next six months. We could also lower the
rating if we expect the company to violate one of its covenants.

"Although unlikely given performance, we could raise the ratings if
we believed that no clear path to default existed, even if the
capital structure remained unsustainable in the long run."



BMP GALWAY: Case Summary & 5 Unsecured Creditors
------------------------------------------------
Two affiliates that have filed voluntary petitions seeking relief
under Chapter 11 of the Bankruptcy Code:

      Debtor                                  Case No.
      ------                                  --------
      BMP Galway, LLC                         18-31568
      28 W. 531 Roosevelt Rd.
      Winfield, IL 60190

      Blackrock Medical Partners Limited      18-31569
      28 W. 531 Roosevelt Rd.
      Winfield, IL 60190

Business Description: The Debtors are operators of outpatient care
                      centers.

Chapter 11 Petition Date: November 9, 2018

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago

Judges: Hon. Janet S. Baer (18-31568)
        Hon. Timothy A. Barnes (18-31569)  

Debtors' Counsel: Ben L. Schneider, Esq.
                  SCHNEIDER & STONE
                  8424 Skokie Blvd., Suite 200
                  Skokie, IL 60077
                  Tel: 847-933-0300
                  Fax: 847-676-2676
                  Email: ben@windycitylawgroup.com

                    - and -

                  Matthew L. Stone, Esq.
                  SCHNEIDER & STONE
                  8424 Skokie Blvd, Suite 200
                  Skokie, IL 60077
                  Tel: 847-933-0300
                  Email: mstone@windycitylawgroup.com

BMP Galway's
Estimated Assets: $50 million to $100 million

BMP Galway's
Estimated Liabilities: $10 million to $50 million

Blackrock Medical's
Estimated Assets: $50 million to $100 million

Blackrock Medical's
Estimated Liabilities: $500,000 to $1 million

The petitions were signed by Norah Elizabeth Sheehan, director.

Full-text copies of the petitions are available for free at:

       http://bankrupt.com/misc/ilnb18-31568.pdf
       http://bankrupt.com/misc/ilnb18-31569.pdf

A. List of BMP Galway's Five Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
DV Mannion and Co Auditors            Invoice              $2,900
3 Devon Place, The Crescent
Dublin, Ireland

James Sheehan                         Invoice            $525,000
28W531 Roosevelt Road
Winfield, IL 60190

Joseph Sheehan Jr                     Invoice            $299,500
12 Fort Eyre

Joseph Sheehan Sr.                Shareholder Loan       $400,000
28W531 Roosevelt Road
Winfield, IL 60190

Medistead Ltd                                            $815,000
21 Rockabil South Strand
Skerries, Dublin 2, Ireland

B. List of Blackrock Medical's Four Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
DV Mannion and Co Auditors            Invoice             $2,900
3 Devon Place, The Crescent
Dublin, Ireland

Irish Revenue                                             $5,669
Central Revenue
Information Office
Cathedral Street;
D01 DC77
Dublin, Ireland

Joseph Sheehan Sr.                 Shareholder Loan     $550,000
28W531 Roosevelt Road
Winfield, IL 60190

Marpole Limited Ireland                                  $11,000
c/o Galway Clinic
Doughiska, Galway, Ireland


CALLAHAN GRADING: Taps Cooper Law Firm as Legal Counsel
-------------------------------------------------------
Callahan Grading LLC and its affiliates filed applications seeking
approval from the U.S. Bankruptcy Court for the District of South
Carolina to hire legal counsel to represent them in their Chapter
11 cases.   

In their applications, the company, Grinding Specialists of the
Carolinas LLC and Grinding Specialists LLC proposed to employ The
Cooper Law Firm to advise them regarding their duties under the
Bankruptcy Code; assist in the preparation of a plan of
reorganization; and provide other legal services related to their
Chapter 11 cases.

The firm will charge these hourly rates:

     Robert Cooper, Esq.     $295
     Associate Lawyer        $195
     Paralegals               $95

Cooper Law Firm received a retainer of $14,849, from Callahan
Grading, and $1,717 for court costs from each of the Debtors.

Robert Cooper, Esq., at Cooper Law Firm, disclosed in a court
filing that he and his firm are "disinterested" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Robert H. Cooper, Esq.
     The Cooper Law Firm
     150 Milestone Way, Suite B
     Greenville, SC 29615
     Tel: 864-271-9911
     Fax: 864-232-5236
     Email: thecooperlawfirm@thecooperlawfirm.com

                     About Callahan Grading

Founded in 2006, Callahan Grading, LLC provides excavation work and
digging foundations, and is a mulch supplier in South Carolina.

Callahan Grading and its affiliates Grinding Specialists of the
Carolinas LLC and Grinding Specialists LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. S.C. Case Nos.
18-05220, 18-05223 and 18-05225) on Oct. 15, 2018.  In the
petitions signed by Jarrett Callahan, managing member, the Debtors
estimated assets of $1 million to $10 million and liabilities of $1
million to $10 million.  Judge Helen E. Burris presides over the
cases.  The Debtors tapped The Cooper Law Firm as their legal
counsel.


CASHMAN EQUIPMENT: To Refinance Loan on Plan's 6th Anniversary
--------------------------------------------------------------
Cashman Equipment Corp. and affiliates submit a modified third
amended disclosure statement with respect to their joint plan of
reorganization dated Nov 2, 2018.

This latest filing provides that on or before the sixth anniversary
of the Effective Date, the Debtors will re-finance the balance of
the Lenders' Allowed Secured Claims. Based on the reduction in the
principal balance of such Claims that will be achieved prior to the
sixth anniversary of the Effective Date, the value of the Fleet and
the Debtors' projected financial performance, the Debtors believe
they will be able to re-finance the balance of the Lenders' Allowed
Secured Claims, projected to be approximately $101 million. The
Projections show that Debtors will be able to service the Allowed
Secured Claims and satisfy other Allowed Claims in full at or
before the scheduled maturities.

The previous filing provided that the Debtors will re-finance the
balance of the Lenders' Allowed Secured Claims on or before the
seventh anniversary of the plan's Effective Date.

A copy of the Modified Third Amended Disclosure Statement is
available at:

     http://bankrupt.com/misc/mab17-12205-1161.pdf

               About Cashman Equipment Corp.

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

Cashman Equipment and certain of its affiliates and subsidiaries,
Cashman Scrap & Salvage, LLC, Servicio Marina Superior, LLC,
Mystic
Adventure Sails, LLC, and Cashman Canada, Inc., filed Chapter 11
petitions (Bankr. D. Mass. Lead Case No. 17-12205) on June 9,
2017.

The petitions were signed by James M. Cashman, the Debtors'
president.  Mr. Cashman also commenced his own Chapter 11 case
(Bankr. D. Mass. Case No. 17-12204).  The cases are jointly
administered.


CHESS EMPORIUM: Business Revenues to Fund Chapter 11 Plan
---------------------------------------------------------
Chess Emporium, LLC, filed a small business disclosure statement in
support of its chapter 11 plan of reorganization.

Chess Emporium has been in business since 1994 having started out
as a sole proprietorship. Chess Emporium is an educator of children
through the study and practice of chess in the Phoenix metro area.
In February 2003 Chess changed its operating structure from a sole
proprietorship to a Limited Liability Company.

Class 5 under the plan consists of the general unsecured claims.
All allowed and approved claims under this Class will be paid in
full from all funds available for distribution. It is anticipated
that payments under this Class will begin in the 24th month of the
Plan, after payment in full of all allowed administrative expenses
and the priority tax claims, at the starting rate of $3,000 with a
maximum rate of $10,000 per month thereafter, disbursed on a pro
rata basis.

The funds needed to comply with the Debtor's Plan of Reorganization
will come from the Debtor's business revenues. The Debtor has
continued to operate its business and has seen increases in gross
receipts and a reduction in overall expenditures since the filing
of this case. The Debtor believes that its reputation in the
industry along with the steady flow of payments for services
rendered will allow it to grow and thus concentrate on the job at
hand including reorganizing successfully under the Plan filed with
the Court.

The Debtor reserves the right to accelerate payment under the Plan
from financing obtained either from third-party financing or in the
event that is revenues permit it to do so.

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

     http://bankrupt.com/misc/azb2-18-05826-77.pdf

                 About Chess Emporium

Chess Emporium, LLC, filed a Chapter 11 bankruptcy petition
(Bankr.
D. Ariz. Case No. 18-05826) on May 23, 2018, estimating under $1
million in assets and liabilities.  The Debtor hired Roberta J.
Sunkin, partner of Allan D. NewDelman, P.C.


CHF-COLLEGIATE HOUSING: Moody's Cuts Rating on $35.3MM Bonds to B1
------------------------------------------------------------------
Moody's Investors Service has downgraded to B1 from Ba2
CHF-Collegiate Housing Corpus Christi II, L.L.C.'s Student Housing
Revenue Bonds (Texas A&M University - Corpus Christi Project),
Series 2016 issued by New Hope Cultural Education Facilities
Financing Corporation. $35,385,000 of outstanding bonds affected.
The outlook is negative.

The bonds for this project, Momentum Village - Phase II, are
separately secured from the Momentum Village - Phase I bonds
(Series 2014 not rated).

RATINGS RATIONALE

The downgrade to B1 is based on significantly weakened net
operating income to pay debt service due to a second year of
troubled occupancy at the project. The project's 78% fall occupancy
rate will produce sufficient gross revenue to make priority monthly
deposits to pay bond principal and interest due on 4/1/2019, but
will fail to cover budgeted operating expenses. Further occupancy
declines in the spring 2019 semester could result in debt service
coverage below 1.00x for fiscal 2019. The project is challenged by
a soft submarket with over 2,800 purpose-built student beds
off-campus and 1,790 beds located on the main Island Campus.

The rating incorporates that there is no express or implied
guaranty from Texas A&M University - Corpus Christi (University) or
Texas A&M University System, TX (System, Aaa stable). Though the
University markets the project alongside other
university-affiliated housing, neither the University nor System
provide any assurances that it will take any actions to avoid a
default of the project's bonds.

At this time, Moody's is not aware of any material lawsuits or
litigation that could impact the rating.

RATING OUTLOOK

The negative outlook is based on the potential for further declines
in occupancy, particularly in the spring semester when occupancy
often goes down in student housing and the limited impact that the
management team's strategies to reduce operating expenses, if
successful, could have on financial performance for fiscal 2019.

FACTORS THAT COULD LEAD TO AN UPGRADE

  - Turnaround and multi-year sustained trend of occupancy and
financial performance with ample net revenue to meet all
obligations. Improvement should be a reflection of stronger market
position, stable enrollment trends, and more favorable real estate
fundamentals.

FACTORS THAT COULD LEAD TO A DOWNGRADE

  - Deterioration in gross rental revenue due to non-payment or
termination of signed lease agreements that could lead to
insufficient revenue to pay debt service and drawdown on debt
service reserve fund

  - Declining liquidity and working capital to pay operating
expenses

  - Projections of continued insufficient revenue for academic year
2019-20 based on pre-leasing and rent levels

LEGAL SECURITY

The bonds are special limited obligations payable solely from the
revenues of the project and other funds held with Trustee and do
not constitute obligations for the Issuer or University. The
obligations are secured by payments made under the Loan Agreement,
a leasehold mortgage, and amounts held by the Trustee under the
Indenture.

PROFILE

The Obligor and Owner, CHF-Collegiate Housing Corpus Christi II,
L.L.C., is a limited liability company organized and existing under
the laws of Alabama for the purpose of developing and financing
certain facilities for the benefit of the University. The sole
member of the Obligor is Collegiate Housing Foundation., a
501(c)(3) Alabama non-profit corporation with a national presence.


CHRYSLER LLC: Overton Claims Barred by Sale Documents, Court Rules
------------------------------------------------------------------
Bankruptcy Judge Stuart M. Bernstein granted in part and denied in
part FCA US LLC, f/k/a/ Chrysler Group LLC's motion to enforce the
sale order.

This case, which arises out of a fatal motor vehicle accident,
involves the clash between Alabama law, which limits the recovery
in wrongful death actions to punitive damages, and the terms of a
Court-approved section 363 sale, which excludes the defendant's
liability for punitive damages. FCA US LLC f/k/a/ Chrysler Group
LLC ("New Chrysler") moves to enforce the Court's Order (I)
Authorizing the Sale of Substantially All of the Debtors' Assets
Free and Clear of All Liens, Claims, Interests and Encumbrances,
(II) Authorizing the Assumption and Assignment of Certain Executory
Contracts and Unexpired Leases in Connection Therewith and Related
Procedures and (III) Granting Related Relief, dated June 1, 2009
(the "Sale Order") asserting, inter alia, that certain claims
alleged in the Complaint filed in the Circuit Court of Jefferson
County, Alabama on Oct. 17, 2017 in a case styled Overton v.
Chrysler Group LLC, No. 01-CV-2017- 904376 are barred by the
limitation on punitive damages.

On Oct. 17, 2017, Frankie Overton, as administrator of the estate
of Sue Ann Graham (the "Decedent"), and Scott Graham, as legal
guardian of the Decedent's minor son, J.G., filed the Complaint in
Alabama State Court against, among others, New Chrysler. The
subject of the Complaint is a car accident that occurred in Alabama
on June 10, 2016. The Decedent and J.G. were riding as passengers
in a 2002 Jeep Liberty when a vehicle driven by defendant Rodericus
Obyran Carrington struck the Jeep causing it to overturn. The
Decedent sustained fatal injuries. J.G. sustained non-fatal
injuries as well as mental and emotional injuries.

The Plaintiffs brought claims in Alabama State Court pursuant to
the Alabama Extended Manufacturer's Liability Doctrine and under
theories of negligence and wantonness. The claims directed at New
Chrysler alleged that the proximate cause of the Plaintiffs'
injuries was the defective design, manufacture and sale of the
Vehicle, or alternatively, the failure to warn or recall the
Vehicle despite New Chrysler's knowledge of the defective
condition. The Complaint alleged in numerous places that New
Chrysler, among others, designed, manufactured and sold the
Vehicle, but this is not plausible. The Vehicle was apparently
manufactured and sold in or around 2002, and New Chrysler did not
come into existence until the 2009 sale transaction.

Overton sought damages under the Alabama Wrongful Death Act as a
result of the death of the Decedent (the "Overton Claims"). Graham,
on behalf of J.G. who survived the accident, sought compensatory
damages on all of his claims and punitive damages with respect to
claims based on New Chrysler's post-Closing conduct (the "Graham
Claims").

In this contested matter to enforce the Sale Order and related
agreements, the
Court's role is to serve as a gatekeeper to determine whether the
claims asserted against New Chrysler are barred by the Sale Order,
the MTA, Amendment No. 4 and the order approving Amendment No. 4.

Here, Old Chrysler, New Chrysler and other stakeholders that
participated in the negotiation struck a bargain under which New
Chrysler agreed, in relevant part, to assume liability for
compensatory damages for post-Closing accidents involving vehicles
manufactured and sold by Old Chrysler, but not to assume liability
for punitive damages. The Plaintiffs do not make the untenable
argument that the parties to Amendment No. 4 understood that they
were limiting New Chrysler's liability for punitive damages based
on egregious conduct but not based on ordinary negligent conduct.
Regardless of the evidentiary standard, the nature and amount of
the award are still punitive and not compensatory.

In the end, Amendment No. 4 did not create the unfair or anomalous
result in this case. The result flows from interpretation accorded
to the nature of the damages recoverable under the Wrongful Death
Act. Since Savannah, the Alabama Supreme Court has consistently
ruled that the plaintiff in a wrongful death action may recover
only punitive damages, and evidence supporting a compensatory award
is irrelevant. Despite judicial and academic criticism, the Alabama
Supreme Court has not overruled its precedent. Accordingly, New
Chrysler's motion to enforce the Sale Documents and enjoin the
prosecution of the Overton Claims is granted.

On the Graham Claims, the Court holds they are not barred by the
Sale Order or the relevant contractual provisions. New Chrysler
opposes the duty to warn claim arguing that the Complaint fails to
allege a legally sufficient post-Closing claim based on the breach
of that duty. New Chrysler may be right, but it is within the
province of the Alabama State Court to make that determination.
This Court has fulfilled its limited role by concluding that the
Sale Documents do not bar such a claim.

In sum, the Overton Claims are barred by the Sale Documents, and
Overton is enjoined from prosecuting the Overton Claims in the
Alabama State Court. The Graham Claims are not barred by the Sale
Documents to the extent they seek compensatory damages or punitive
damages based on the post-Closing breach of a duty to warn or
recall, but the Court does not decide whether the Complaint asserts
legally sufficient claims under Alabama law.

A copy of the Court's Memorandum Decision dated Nov. 1, 2018 is
available for free at:

     http://bankrupt.com/misc/nysb09-50002-8534.pdf

                     About Chrysler LLC

Chrysler LLC and 24 affiliates on April 30, 2009, sought Chapter
11
protection from creditors (Bankr. S.D.N.Y (Mega-case), Lead Case
No. 09-50002).  Chrysler hired Jones Day, as lead counsel; Togut
Segal & Segal LLP, as conflicts counsel; Capstone Advisory Group
LLC, and Greenhill & Co. LLC, for financial advisory services; and
Epiq Bankruptcy Solutions LLC, as its claims agent.  Chrysler
changed its corporate name to Old CarCo following its sale to a
Fiat-owned company.  As of Dec. 31, 2008, Chrysler had
$39,336,000,000 in assets and $55,233,000,000 in debts.  Chrysler
had $1.9 billion in cash at that time.

In connection with the bankruptcy filing, Chrysler reached an
agreement with Fiat SpA, the U.S. and Canadian governments and
other key constituents regarding a transaction under Section 363
of
the Bankruptcy Code that would effect an alliance between Chrysler
and Italian automobile manufacturer Fiat.  As part of that deal,
Fiat acquired a 20% equity interest in Chrysler Group.

Under the terms approved by the Bankruptcy Court, the company
formerly known as Chrysler LLC on June 10, 2009, formally sold
substantially all of its assets, without certain debts and
liabilities, to a new company that will operate as Chrysler Group
LLC.  The U.S. and Canadian governments provided Chrysler with
$4.5
billion to finance its bankruptcy case.  Those loans are to be
repaid with the proceeds of the bankruptcy estate's liquidation.
Old Carco's Second Amendment Joint Plan of Liquidation was
confirmed by the Bankruptcy Court on April 23, 2010.


CIRCLE R REALTY: Taps McDowell Law as Legal Counsel
---------------------------------------------------
Circle R Realty, LLC, seeks approval from the U.S. Bankruptcy Court
for the District of New Jersey to hire McDowell Law, PC as its
legal counsel.

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

Ellen McDowell, Esq., and Daniel Reinganum, Esq., charge $400 per
hour and $275 per hour, respectively.  The retainer fee is $5,000.

Ms. McDowell disclosed in a court filing that the firm and its
attorneys are "disinterested" as defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Ellen M. McDowell, Esq.
     McDowell Law, PC
     46 West Main Street
     Maple Shade, NJ 08052
     Phone: (856) 482-5544

                     About Circle R Realty

Circle R Realty, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 18-31563) on Oct. 30,
2018.  At the time of the filing, the Debtor estimated assets of
less than $500,000 and liabilities of less than $100,000.  The
Debtor tapped McDowell Law, PC, as its legal counsel.


CITY HOME CARE: Taps Williams Pitts as Accountant
-------------------------------------------------
City Home Care, LLC, seeks approval from the U.S. Bankruptcy Court
for the Northern District of Mississippi to hire an accountant.

The Debtor proposes to employ Williams, Pitts and Beard, PLLC,
Certified Public Accountants to examine its transactions with
creditors; review financial information prepared for its business
operation during the administration of its Chapter 11 case;
evaluate claims of creditors; analyze financial and accounting
aspects of various contract negotiations; prepare tax returns and
monthly operating reports; and provide other accounting services.

The Debtor will pay the firm an hourly fee of not more than $175
for its services.

Williams Pitts does not represent any entity in connection with the
Debtor's bankruptcy case, according to court filings.

The firm maintains an office at:

     Williams, Pitts and Beard, PLLC
     Certified Public Accountants
     2042 McIngvale Road, Suite A
     Hernando, MS 38632
     Telephone: (662) 429-4436 x2232
     Fax: (662) 429-4438
     Email: dstaley@wpbcpa.net

                      About City Home Care

City Home Care, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Miss. Case No. 17-14302) on Nov. 10,
2017.  In the petition signed by Cherryl Jones, its managing
member, the Debtor estimated assets of less than $50,000 and
liabilities of less than $500,000.  Judge Jason D. Woodard presides
over the case.  James W. Amos, Esq., who has an office in Hernando,
Mississippi, serves as the Debtor's bankruptcy counsel.


CLASSIC COMMUNITIES: Unsecureds to Recoup 2% Under Liquidation Plan
-------------------------------------------------------------------
Classic Communities Corp. filed a first amended disclosure
statement to accompany its joint plan of liquidation dated Nov. 2,
2018.

On Nov. 2, 2017, the Debtor and the Committee filed together a
Joint Motion of the
Debtor and Official Committee of Unsecured Creditors for Approval
of Settlement with Debtor's Principals, Certain Insiders, and
Non-Debtor Affiliates under Bankruptcy Rule 9019.

Pursuant to the Global Settlement Motion, the Debtors and Committee
sought entry of an order approving a global compromise and
settlement of the estate's alleged avoidance action claims, against
60 potential defendants, including the Debtor's principals,
insiders, non-debtor affiliates, and other third-parties. The
settlement terms include, among other things:

(i) the immediate liquidation of remaining estate assets;

(ii) the release and waiver of contested, insider liens on estate
assets;

(iii) the sale of real estate by non-debtor entities and
contribution of the net proceeds from such sales to the estate;

(iv) cash contributions from insiders and third-parties;

(v) assignment of escrows from third-parties to the estate;

(vi) Negative Pledge Agreements and stock pledges; and

(vii) support of the Plan.

On Nov. 28, 2017, 2017 the Bankruptcy Court entered an Order
approving the Global Settlement. Pursuant to the Global Settlement
and Order, funds will be available to the estate for the Debtor's
administrative and priority creditors to be paid in full, and
holders of allowed general unsecured claims under a confirmed plan
will share pro rata in the amount remaining after the sale of the
Debtor's assets, instead of receiving nothing, as was projected
when the case was filed.

Class 4 under the latest liquidation plan consists of the holders
of Allowed General Unsecured Claims. This class will receive their
Pro Rata share of all remaining distributions under the Plan after
all Allowed Claims are paid in full. Estimated recovery for this
class is 2%.

A copy of the First Amended Disclosure Statement is available for
free at:

     http://bankrupt.com/misc/pamb1-16-02022-1182.pdf

            About Classic Communities Corp.

Classic Communities Corporation filed a Chapter 11 bankruptcy
petition (Bankr. M.D. Pa. Case No. 16-02022) on May 10, 2016.  The
petition was signed by Douglas Halbert, president.  The Debtor
estimated assets and liabilities in the range of $10 million and
debts of up to $50 million.  Judge Robert N. Opel II presides over
the case.

The Debtor tapped Cunningham, Chernicoff & Warshawsky, P.C., as
counsel.

Andrew Vara, acting U.S. trustee for Region 3, appointed an
official committee of unsecured creditors on June 7, 2016.  The
Committee tapped Cole Schotz P.C. as counsel.

The Debtor filed its proposed Chapter 11 plan and disclosure
statement on August 27, 2018.


CLAUDETTE TAXI: Taps Berger Fischoff as Legal Counsel
-----------------------------------------------------
Claudette Taxi, LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of New York to hire Berger, Fischoff,
Shumer, Wexler & Goodman, LLP as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; assist the Debtor in the preparation of a plan of
reorganization; and provide other legal services related to its
Chapter 11 case.  Berger charges these hourly rates:

     Partners         $425 - $525
     Associates       $315 - $400
     Paralegals            $185

The attorneys and paralegals who will be providing the services
are:

     Gary Fischoff         Partner       $525
     Heath Berger          Partner       $425
     Brian Schechter       Associate     $385
     Dawn Traina           Paralegal     $185
     Angelique Filardi     Paralegal     $185

Berger received a retainer of $9,283, plus $1,717 for the filing
fee.

Gary Fischoff, Esq., at Berger, 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:

     Gary C. Fischoff, Esq.
     Berger, Fischoff, Shumer, Wexler & Goodman, LLP
     6901 Jericho Turnpike, Suite 230
     Syosset, NY 11791
     Phone: (800) 806-1136
     Fax: (516) 747-0382
     Email: gfischoff@gmail.com

                     About Claudette Taxi LLC

Claudette Taxi, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. N.Y. Case No. 18-45758) on Oct. 5,
2018.  The Debtor tapped Berger, Fischoff, Shumer, Wexler &
Goodman, LLP as its legal counsel.


COATES INTERNATIONAL: Incurs $1.32 Million Net Loss in 3rd Quarter
------------------------------------------------------------------
Coates International, Ltd. has filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting a
net loss of $1.32 million on $4,800 of total revenues for the three
months ended Sept. 30, 2018, compared to a net loss of $2.45
million on $4,800 of total revenues for the three months ended
Sept. 30, 2017.

For the nine months ended Sept. 30, 2018, the Company reported a
net loss of $4.33 million on $14,400 of total revenues compared to
a net loss of $7.27 million on $14,400 of total revenues for the
same period during the prior year.

As of Sept. 30, 2018, Coates had $2.20 million in total assets,
$8.85 million in total liabilities and a total stockholders'
deficiency of $6.64 million.

The Company's cash position at Sept. 30, 2018 was $17,726, an
increase of $10,919 from the cash position of $6,807 at Dec. 31,
2017.  The Company had negative working capital of ($6.865 million)
at Sept. 30, 2018, which represents a reduction in the amount of
its negative working capital of $601,826 compared to the ($7.467
million) of negative working capital at Dec. 31, 2017.  The
Company's current liabilities of $7.036 million at Sept. 30, 2018,
decreased by $542,162 from $7.578 million at Dec. 31, 2017.  This
net decrease resulted from (i) reclassification of $1,168,159 of
the mortgage loan payable from current liabilities to non-current
liabilities upon extending the mortgage loan maturity date by five
years, (ii) reclassification of $41,525 of sublicense deposits to
non-current liabilities, (iii) a $47,949 decrease in the derivative
liability related to convertible promissory notes, (iv) repayment
of $45,000 of principal of the mortgage loan payable and (v) a
$34,964 net decrease in promissory notes to related parties,
partially offset by (vi) a $270,889 increase in deferred
compensation payable, (vii) a $262,190 increase in accounts payable
and accrued liabilities, (viii) a $200,000 increase in deposit on
sale of property and (ix) a $62,356 increase in the carrying amount
of convertible promissory notes, net of unamortized discount.

                          Going Concern

"We have incurred net recurring losses since inception, amounting
to an accumulated deficit of ($78,047,850) as of September 30, 2018
and had a stockholders' deficiency of ($6,645,541).  Further, the
recent trading price range of our common stock at a fraction of a
penny, has introduced additional risk and difficulty to our
challenge to secure needed additional working capital.  We will
need to obtain additional working capital in order to continue to
cover our ongoing cash expenses.

"These factors raise substantial doubt about our ability to
continue as a going concern.  Our Independent Registered Public
Accountants have stated in their Auditor's Report dated April 17,
2018, with respect to our financial statements as of and for the
year ended December 31, 2017, that these circumstances raise
substantial doubt about our ability to continue as a going
concern.

"During 2018, we restricted variable costs to only those expenses
that are necessary to perform activities related to efforts to
negotiate sublicenses for distribution of our CSRV products,
raising working capital to enable us to commence limited production
of our CSRV system technology products, research and development
and general and administrative costs in support of such
activities.

"Our financial statements do not include any adjustments that might
be necessary if we are unable to continue as a going concern," the
Company said in the SEC filing.

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

                     https://is.gd/UmFkyM

                         About Coates
  
Based in Wall Township, N.J., Coates International, Ltd. (OTC BB:
COTE) -- http://www.coatesengine.com/-- has been developing over a
period of more than 20 years the patented Coates Spherical Rotary
Valve system technology which is adaptable for use in piston-driven
internal combustion engines of many types. Independent testing of
various engines in which the Company incorporated its CSRV system
technology confirmed meaningful fuel savings when compared with
internal combustion engines based on the conventional "poppet
valve" assembly prevalent in most internal combustion engines
throughout the world.  In addition, the Company's CSRV Engines
produced only ultra-low levels of harmful emissions while in
operation.  Engines operating on the CSRV system technology can be
powered by a wide selection of fuels.  The Company was incorporated
on Aug. 31, 1988.

Coates incurred a net loss of $8.38 million for the year ended Dec.
31, 2017, compared to a net loss of $8.35 million for the year
ended Dec. 31, 2016.

The report from the Company's independent accounting firm MSPC,
Certified Public Accountants and Advisors, on the consolidated
financial statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the Company continues to have
negative working capital, negative cash flows from operations,
recurring losses from operations, and a stockholders' deficiency.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.


COCRYSTAL PHARMA: Incurs $1.86 Million Net Loss in Third Quarter
----------------------------------------------------------------
Cocrystal Pharma, Inc., has filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
and comprehensive loss of $1.86 million for the three months ended
Sept. 30, 2018, compared to a net loss and comprehensive loss of
$2.26 million for the three months ended Sept. 30, 2017.

For the nine months ended Sept. 30, 2018, the Company reported a
net loss and comprehensive loss of $4.76 million compared to a net
loss and comprehensive loss of $5.81 million for the same period a
year ago.

As of Sept. 30, 2018, the Company had $124.17 million in total
assets, $13.27 million in total liabilities and $110.90 million in
total stockholders' equity.

Net cash used in operating activities was approximately $6,320,000
for the nine months ended Sept. 30, 2018 compared to $5,323,000 for
the same period in 2017.

Net cash provided by investing activities was $1,387,000 for the
nine months ended Sept. 30, 2018 compared to $52,000 net cash used
by investing activities for the same period in 2017.  For the nine
months ended Sept. 30, 2018, net cash provided by investing
activities primarily consists of the proceeds from the sale of the
mortgage note asset for 1,400,000.  For the nine months ended Sept.
30, 2017, net cash used for investing activities consist primarily
of capital spending of $40,000 and payment of a long-term deposit
of $12,000.

For the nine months ended Sept. 30, 2018, cash provided by
financing activities totaled $8,869,000.  The Company's 2018
financing activities included $7,681,000 net proceeds from the
issuance of common stock and warrants, $1,000,000 in proceeds from
the issuance of convertible notes and $185,000 in proceeds from the
exercise of stock options.  Net cash provided by financing
activities for the nine months ended Sept. 30, 2017 amounted to
approximately $3,000,000 in proceeds from issuance of common stock
and $80,000 in proceeds from the exercise of stock options.

"We have a history of operating losses as we have focused our
efforts on raising capital and research and development
activities," the Company said.  "The Company's consolidated
financial statements are prepared using generally accepted
accounting principles in the United States of America applicable to
a going concern, which contemplates the realization of assets and
the satisfaction of liabilities in the normal course of business.
The Company has never been profitable, has no products approved for
sale, has not generated any revenues to date from product sales,
and has incurred significant operating losses and negative
operating cash flows since inception."

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

                      https://is.gd/yrQUFJ

                      About Cocrystal Pharma
  
Cocrystal Pharma, Inc., formerly known as Biozone Pharmaceuticals,
Inc., is a clinical stage biotechnology company discovering and
developing novel antiviral therapeutics that target the replication
machinery of hepatitis viruses, influenza viruses, and noroviruses.
The company is headquartered in Tucker, Georgia.
  
Cocrystal Pharma reported a net loss of $613,000 on $0 of grant
revenues for the year ended Dec. 31, 2017, compared to a net loss
of $74.87 million on $0 of grant revenues for the year ended Dec.
31, 2016.  As of June 30, 2018, Cocrystal had $126.3 million in
total assets, $13.67 million in total liabilities and $112.6
million in total stockholders' equity.

The Company's auditors issued an audit opinion for the year ended
Dec. 31, 2017 which contained what is referred to as a "going
concern" opinion.  BDO USA, LLP, in Seattle, Washington, noted 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.


COLLEEN & TOM: Taps Leavitt Legal Services as Legal Counsel
-----------------------------------------------------------
Colleen & Tom Enterprises, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Nevada to hire Leavitt Legal
Services, P.C. as its legal counsel.

The firm will assist the Debtor in the preparation of a bankruptcy
plan and will provide other legal services related to its Chapter
11 case.

James Leavitt, Esq., the attorney who will be handling the case,
charges an hourly fee of $400.  The retainer fee is $20,000.

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

The firm can be reached through:

     James T. Leavitt, Esq.
     Leavitt Legal Services, P.C.
     601 South 6th Street
     Las Vegas, NV 89101
     Tel: (702) 385-7444
     Fax: (702) 385-1178
     Email: JAMESTLEAVITTESQ@GMAIL.COM;
     Email: James@leavittbk.com;
     Email: Helena@leavittbk.com

                About Colleen & Tom Enterprises

Colleen & Tom Enterprises, Inc. -- http://cccfurnishings.com--
offers new and gently used home furnishing products.

Colleen & Tom Enterprises sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 18-16462) on Oct. 29,
2018.  In the petition signed by Colleen Aiken, president, the
Debtor estimated assets of less than $50,000 and liabilities of $1
million to $10 million.  Judge Laurel E. Babero presides over the
case.  The Debtor tapped Leavitt Legal Services, P.C. as its legal
counsel.


COMMERCE BANK: Williamson Suit Remanded to Mo. State Court
----------------------------------------------------------
Judge Greg Kays of the U.S. District Court for the Western District
of Missouri, Western Division remanded the case, BEVERLY J.
WILLIAMSON, and NICHOLE POTTER, Plaintiffs, v. COMMERCE BANK,
Defendant, Case No. 4:18-CV-00513-DGK (W.D. Mo.), to the Circuit
Court of Carroll County, Missouri.

The lawsuit arises from Williamson and Potter's class action
counterclaim filed after Commerce attempted to collect a deficiency
judgment against them in state court.

In May 2016, Commerce filed a petition in the Circuit Court of
Carroll County against Williamson and Palmer, seeking a deficiency
judgment after it repossessed their car.  Williamson and Palmer
responded by filing a class action counterclaim against Commerce,
alleging Commerce's presale and post-sale notices violated the
Uniform Commercial Code.

In September 2016, Commerce filed a motion to dismiss Williamson
and Palmer's class action counterclaims.  The state court denied
Commerce's motion in June 2017.  Three months later, Commerce
voluntarily dismissed its deficiency judgment and moved to realign
the parties.

In June 2018, the state court realigned the parties, designating
Williamson and Palmer as the Plaintiffs and Commerce as tje
Defendant.  A month later, Commerce filed its notice of removal.

Now before the Court is the Plaintiffs' motion to remand.
Williamson and Palmer argue Commerce did not have the right to
remove the case from state court because Commerce is a plaintiff
for purposes of the federal removal statutes, and the Class Action
Fairness Act of 2005 ("CAFA").  Commerce alleges that because it
dismissed its deficiency judgment against the Plaintiffs with
prejudice and the state court recaptioned it as a defendant, it is
a defendant for the purposes of the federal removal statutes.

Judge Kays agrees that a federal court's subject matter
jurisdiction is determined at the time of removal.  But that is not
the issue in the case.  The issue is whether Commerce had the
statutory right to remove the case.  He concludes it did not.  As
stated in Steeby v. Discover Bank, what matters for the removal
analysis is whether Commerce] was a defendant at the time the
complaint was filed.  At the time the complaint was filed, Commerce
was the plaintiff.  Accordingly, Commerce had no statutory right to
remove the case, and the case should be remanded.

Williamson and Palmer request that the Court awards fees and costs
because Commerce improvidently removed the case.  The Judge holds
that the objective of awarding fees and costs is not to discourage
defendants from seeking removal in all but the most obvious cases,
Martin, and the Court in Steeby recognized the issue presented now
is a difficult one involving the collision of two jurisdictional
principles.  Although Commerce's argument is weak, the Judge cannot
find it lacked an objectively reasonable basis for seeking removal,
especially given that the Eighth Circuit has not addressed the
exact issue in the case.

Accordingly, Judge Kays granted the Plaintiffs' Motion, and
remanded the case to the Circuit Court of Carroll County, Missouri,
without an award of costs or attorney's fees.

A full-text copy of the Court's Oct. 2, 2018 Order is available at
https://is.gd/qi3KkL from Leagle.com.

Beverly J. Williamson & Rebecca Palmer, Plaintiffs, represented by
Jesse Rochman -- rochman@onderlaw.com -- OnderLaw, LLC & Martin L.
Daesch -- daesch@onderlaw.com -- OnderLaw, LLC.

Commerce Bank, Defendant, represented by David M. Mangian --
dmangian@thompsoncoburn.com -- Thompson Coburn LLP & Edwin G.
Harvey -- eharvey@thompsoncoburn.com -- Thompson Coburn LLP.



COMMERCIAL METALS: Moody's Confirms Ba1 CFR, Outlook Negative
-------------------------------------------------------------
Moody's Investors Service confirmed Commercial Metals Company's
Corporate Family Rating and its Probability of Default Rating at
Ba1 and Ba1-PD respectively. Moody's also confirmed the Ba2 rating
on the senior unsecured notes due in 2023 and 2027 and upgraded to
Ba2 from Ba3 the senior unsecured notes due April 15, 2026. The
rating on the senior unsecured shelf was confirmed at (P)Ba2. The
Speculative Grade Liquidity rating is being affirmed at SGL-2. The
outlook is negative. This concludes the review for downgrade
initiated on January 2, 2018.

The confirmation follows CMC's closing of its acquisition of
certain rebar fabrication facilities and steel mills from Gerdau
S.A.. The cash purchase price was $600 million subject to normal
purchase price adjustments. "The confirmation reflects stronger
than anticipated performance for CMC during the second half of its
fiscal 2018 on significantly improved performance and EBITDA
generation at the Americas and International Mills resulting in a
less leveraged position than originally envisioned" said Carol
Cowan, Senior Vice President and lead analyst for CMC. Leverage at
August 31, 2018, as measured by the adjusted debt/EBITDA ratio was
3.2x, inclusive of the debt issued in April 2018 as part of the
acquisition financing. Pro forma for the acquisition and term loan
drawings to cover the working capital level, leverage is now
expected to be no more than 3.5x, improving over the course of 2019
to around 3x.

Upgrades:

Issuer: Commercial Metals Company

Senior Unsecured Regular Bond/Debenture, Upgraded to Ba2 (LDG5)
from Ba3 (LGD5)

Outlook Actions:

Issuer: Commercial Metals Company

Outlook, Changed To Negative From Rating Under Review

Confirmations:

Issuer: Commercial Metals Company

Probability of Default Rating, Confirmed at Ba1-PD

Corporate Family Rating, Confirmed at Ba1

Senior Unsecured Regular Bond/Debenture, Confirmed at Ba2 (LGD5)

Senior Unsecured Shelf, Confirmed at (P)Ba2

Affirmations:

Issuer: Commercial Metals Company

Speculative Grade Liquidity Rating, Affirmed SGL-2

RATINGS RATIONALE

The Ba1 CFR reflects the company's strong position in the rebar
market as well as other merchant bar markets, which position is
further enhanced by the acquisition of the Gerdau assets. Inclusive
of these assets, CMC will have roughly 5.9 million tons of rolling
capacity in the US and 2.8 million tons of fabrication capability.
Improved fundamentals in the markets that CMC competes are
underpinned by improvement in the overall steel landscape in the US
as well as strengthening in rebar prices and reduced rebar import
levels following the implementation of tariffs and quotas under
Section 232. For the nine months through September 30, 2018 rebar
imports of approximately 1 million are down by roughly 25% over the
comparable 2017 period. Rebar prices have increased to around
$720/ton currently from around $540/ton in early 2017, and have
held reasonably steady in recent months. These improved
fundamentals have benefitted the Americas Mills segment which
experienced an 11% increase in shipments to 3 million tons while
EBITDA grew 34% to $301 million despite cost creep in freight and
other input materials. CMC's International Mills segment in Poland
also provided higher contributions as good demand and a better
pricing environment contributed to EBITDA growth.

The improvement in performance at the mills segment helped to
mitigate weakness in the Americas Fabrication segment, which
experienced increasing EBITDA losses on legacy lower priced
contracts in the backlog in the face of increasing raw material
prices. This is expected to continue in the first quarter of 2019,
and reverse during the course of the year as new higher priced
contracts in the backlog roll in. Construction markets continue to
show an upward trend, although bumpy with the seasonally adjusted
annual rate of construction put in place in September 2018 at $1.3
billion as compared with $1.24 billion at September 2017.

Given expectations for continued good performance at the mills and
a turnaround in the fabrication business, debt/EBITDA is expected
to moderate to around 3x by year-end August 31, 2019.

The negative outlook considers the weak performance of the Americas
Fabrication segment and the need for a turnaround in this business.
Additionally, Moody's assumes that the rebar business acquired from
Gerdau has similar challenges and characteristics and will need to
show improvement in utilization and earnings generation.

The SGL-2 speculative grade liquidity rating reflects the company's
good liquidity profile. Pro forma for the acquisition, the August
31, 2018 cash position will have reduced by $350 million,
representing the deployment of the cash proceeds of the notes
issued in April 2018 with the additional payments drawn under the
term loan. The company has a $350 million (secured by US inventory
and US fabrication receivables) revolving credit facility expiring
June 23, 2022, mostly undrawn except for letters of credit, and a
$200 million accounts receivable securitization program expiring
August 31, 2020.

The company remains comfortably in compliance with the maximum
debt/capital covenant of 60% and the minimum interest coverage
ratio requirement of 2.5x (EBITDA based). The term loan and the
accounts receivable securitization program have the same covenants.


An upgrade is unlikely due to the secured nature of some of the
company's debt facilities as well as CMC's product and end market
concentration. However, CMC's rating could be upgraded should the
EBIT margin be sustained above 8%, debt/EBITDA be sustainable at or
below 2.75x, the EBIT/interest ratio above 4x and the (operating
cash flow less dividends)/debt ratio above 25%. An upgrade would
also depend upon the company's financial policies and strategic
growth objectives. The rating could be downgraded if economic
weakness and increased competition dampen sales growth, leading to
deterioration in operating performance and credit metrics.
Quantitatively, the rating could be downgraded if the EBIT margin
does not show improvement towards 4%, and the debt/EBITDA and
EBIT/interest expense ratios are likely to be sustained above 4.0
times and below 2.5 times, respectively.

The Ba2 rating of the senior unsecured notes reflects the effective
subordination to the revolving credit and Term Loan A facility
(unrated by Moody's) and priority accounts payable on the liability
waterfall in Moody's Loss Given Default (LGD). Under Moody's LGD
Methodology, the revolver and Term Loan A, secured by US inventory
and US fabrication receivables, are treated as having a senior
position resulting in potential higher loss position for the
unsecured debt.

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

Headquartered in Irving, Texas, Commercial Metals Company
manufactures steel through its seven minimills and two micro mills
in the United States. Total rolling capacity is approximately 5.9
million tons. CMC also has a presence in Europe through its
minimill in Poland which has about 1.2 million tons rolling
capacity. In addition, CMC operates steel fabrication facilities
and ferrous and nonferrous scrap metal recycling facilities. The
company has exited its International Marketing and Distribution
business. Revenues for the twelve months ended August 31, 2018 were
$4.6 billion.


COMSTOCK RESOURCES: Registers 88.6M Shares for Possible Resale
--------------------------------------------------------------
Comstock Resources, Inc. has filed a Form S-3 registration
statement with the Securities and Exchange Commission relating to
the resale, from time to time, of up to 88,571,429 shares of common
stock, $0.50 par value of the Company by Arkoma Drilling, L.P. and
Williston Drilling, L.P.  The Common Stock offered under this
prospectus was issued to those selling stockholders pursuant to a
Contribution Agreement, dated May 9, 2018, by and among the
Company, Arkoma Drilling L.P., and Williston Drilling, L.P.

The selling stockholders may offer, sell, or distribute all or a
portion of their Common Stock publicly or through private
transactions at prevailing market prices or at negotiated prices.
The Company will not receive any of the proceeds from the sale of
the Common Stock owned by the selling stockholders.  The Company
will bear all costs, expenses and fees in connection with the
registration of the Common Stock, including with regard to
compliance with state securities or "blue sky" laws.  The selling
stockholders will bear all commissions and discounts and transfer
taxes, if any, attributable to their sale of the Common Stock.

Comstock Resources' Common Stock is listed on the New York Stock
Exchange under the symbol "CRK."  On Nov. 8 2018, the closing price
of its Common Stock was $7.90 per share.  As of Nov. 8, 2018, there
were 105,871,064 shares of Common Stock issued and outstanding.

A full-text copy of the Registration Statement is available for
free at https://is.gd/xrv0AK

                       About Comstock

Comstock Resources, Inc. (NYSE: CRK) 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.

Comstock incurred a net loss of $111.4 million for the year ended
Dec. 31, 2017, a net loss of $135.1 million for the year ended Dec.
31, 2016, and a net loss of $1.04 billion for the year ended Dec.
31, 2015.  As of Sept. 30, 2018, Comstock Resources had $2.09
billion in total assets, $1.57 billion in total liabilities and
$521.11 million in total stockholders' equity.


COMSTOCK RESOURCES: Reports Third Quarter 2018 Financial Results
----------------------------------------------------------------
Comstock Resources, Inc. has filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q for the quarter ended
Sept. 30, 2018.

On Aug. 14, 2018, Arkoma Drilling, L.P. and Williston Drilling,
L.P. contributed to the Company certain oil and gas properties
producing from the Bakken shale in exchange for common stock of
Comstock representing a controlling stake in the Company.  The
Jones Partnerships are wholly owned and controlled by Dallas
businessman Jerry Jones and his children.  The Jones Partnerships
received 88,571,429 newly issued shares of Comstock common stock
representing an 84% ownership interest in the Company.

Comstock's basis in the Bakken shale properties is the historical
basis of the Jones Partnerships.  The change in control results in
a new basis for Comstock's assets and liabilities.  The new basis
is pushed down to Comstock for financial reporting purposes,
resulting in Comstock's assets, liabilities and equity accounts
being recognized at fair value upon the closing of the
contribution.

References to "Successor" relate to the financial position and
results of operations of the Company subsequent to Aug. 13, 2018.
References to "Predecessor" relate to the financial position and
results of operations of the Company on or prior to Aug. 13, 2018.
The Company's consolidated financial statements and related
footnotes are being presented with a black line division which
delineates the lack of comparability between amounts presented
before and after Aug. 13, 2018.

       Financial Results for the Period August 14, 2018
                  through September 30, 2018

The financial results for the first period since closing the Jones
Partnerships contribution is for 48 days from Aug. 14, 2018 through
Sept. 30, 2018.  During that period Comstock produced 542,000
barrels of oil and 14.1 billion cubic feet ("Bcf") of natural gas
or 17.4 billion cubic feet of natural gas equivalent ("Bcfe").  Oil
production averaged 11,300 barrels of oil per day and natural gas
production averaged 294 million cubic feet ("MMcf") per day.
Comstock's average realized oil price was $62.21 per barrel and the
average realized gas price after hedging was $2.59 per Mcf during
this period.

Oil and gas sales for the period were $70.3 million (including
realized hedging gains).  EBITDAX, or earnings before interest,
taxes, depreciation, depletion, amortization, exploration expense
and other noncash expenses, was $52.9 million and operating cash
flow generated was $38.8 million.  

Comstock reported earnings of $13.8 million or $0.13 per share for
the period Aug. 14, 2018 through Sept. 30, 2018.  The results for
this period included an unrealized loss from derivative financial
instruments of $2.2 million and a gain on sale of oil and gas
properties of $0.1 million.  Excluding these items, the net income
would have been $15.9 million or $0.15 per share.

          Financial Results for the Period July 1, 2018
                       through August 13, 2018

The first 44 days of the third quarter from July 1, 2018 through
Aug. 13, 2018 are part of the Predecessor period before the closing
of the Jones Contribution and do not include the results of the
Bakken shale properties.  During that period Comstock produced
7,200 barrels of oil and 11.9 Bcf of natural gas or 11.9 Bcfe. Oil
production averaged 163 barrels of oil per day and natural gas
production averaged 270 MMcf per day.  Comstock's average realized
oil price was $69.42 per barrel and the average realized gas price
after hedging was $2.73 per Mcf during this period.

Oil and gas sales were $32.9 million (including realized hedging
gains).  EBITDAX was $23.7 million and operating cash flow
generated was $10.2 million.  

Comstock reported a net loss of $16.9 million or $1.09 per share
for the period July 1, 2018 through Aug. 13, 2018.  The results for
this period included transaction costs related to the Jones
Contribution of $2.6 million, $6.0 million of non-cash interest
expense associated with the discounts recognized and costs incurred
on the debt exchange that occurred in 2016, and an unrealized loss
from derivative financial instruments of $0.4 million.  Excluding
these items, the net loss would have been $7.9 million or $0.51 per
share.

                         Drilling Results

Comstock reported the results to date of its 2018
Haynesville/Bossier shale drilling program.  During the first nine
months of 2018, Comstock spent $164.9 million on its development
and exploration activities, including $15.6 million spent to
complete 26 (2.8 net) Bakken shale wells.  Comstock drilled 27
Haynesville/Bossier natural gas wells (9.9 net) and had 16 wells
(4.9 net) drilling at September 30, 2018.  Comstock also completed
eleven (4.0 net) operated Haynesville wells that were drilled in
2017.  Comstock also spent $57.2 million on acquisitions, including
the previously reported acquisition of Haynesville shale properties
from Enduro Resource Partners and the repurchase of interests in
six Haynesville shale wells that were being drilled under the
strategic drilling venture which was terminated effective with the
closing of the Jones Contribution.

Since the last operational update, Comstock has completed ten
additional operated Haynesville shale wells.  The average initial
production rate of these wells was 25 MMcf per day.  The ten
operated wells had completed lateral lengths ranging from 4,502
feet to 9,865 feet, with an average completed lateral length of
7,629 feet. Each well was tested at initial production rates of 21
to 28 MMcf per day.  Comstock has two (0.8 net) operated
Haynesville shale wells that are in the process of being
completed.

            4th Quarter 2018 and 2019 Drilling Budget

The Company also announced drilling plans for the fourth quarter of
2018 and 2019.  The Company's current plans are to operate four
drilling rigs through 2018 increasing to five operated rigs in
March of 2019.  The Company currently plans to spend $90.0 million
in the fourth quarter comprised of $69.3 million to drill 21
Haynesville shale wells (6.6 net) including 12 operated wells (6.3
net) and $20.7 million to complete 30 Bakken shale wells (4.4 net).
The Company's preliminary 2019 planned capital expenditures for
2019 are estimated at $377.0 million.  Haynesville/Bossier shale
drilling and completion activities comprise $361.3 million of
2019's activity to drill 57 horizontal wells (38.2 net) including
spending $25.2 million to complete wells drilled in 2018.  Comstock
expects to spend an additional $15.7 million on its other
properties.  The drilling budget will be adjusted upward or
downward in response to oil and natural gas prices as the program
is intended to be funded by operating cash flow.  

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

                       https://is.gd/tICeUo

                         About Comstock

Comstock Resources, Inc. (NYSE: CRK) 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.

Comstock incurred a net loss of $111.4 million for the year ended
Dec. 31, 2017, a net loss of $135.1 million for the year ended Dec.
31, 2016, and a net loss of $1.04 billion for the year ended Dec.
31, 2015.  As of Sept. 30, 2018, Comstock Resources had $2.09
billion in total assets, $1.57 billion in total liabilities and
$521.11 million in total stockholders' equity.


CREATIVE FOODS: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Creative Foods, LLC
        6100 Seagull Street, Suite B-103
        Albuquerque, NM 87109

Business Description: Creative Foods, LLC is a New Mexico limited
                      liability company in the restaurant
                      industry.

Chapter 11 Petition Date: November 11, 2018

Court: United States Bankruptcy Court
       District of New Mexico (Albuquerque)

Case No.: 18-12823

Debtor's Counsel: Dennis A. Banning, Esq.
                  NEW MEXICO FINANCIAL LAW
                  320 Gold Ave, SW #1401
                  Albuquerque, NM 87102-3299
                  Tel: 505-503-1637
                  Email: dab@nmfinanciallaw.com

                     - and -

                  Don F. Harris, Esq.
                  NM FINANCIAL LAW, P.C.
                  320 Gold Avenue SW, Suite 1401
                  Albuquerque, NM 87102-3299
                  Tel: 505-503-1637
                  Email: nmfl@nmfinanciallaw.com


Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert Stacy Williams, chief operating
officer.

The Debtor failed to submit a list of its 20 largest unsecured
creditors at the time of the filing.

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

          http://bankrupt.com/misc/nmb18-12853.pdf


DALLAS BARBECUE: Taps Eric A. Liepins as Legal Counsel
------------------------------------------------------
Dallas Barbecue, LLC and its affiliates filed applications seeking
approval from the U.S. Bankruptcy Court for the Northern District
of Texas to hire legal counsel.

In their applications, the company, Garland Barbecue #1, LLC and
Farmers Branch Barbecue, LLC proposed to employ Eric A. Liepins,
P.C. to advise them regarding their duties under the Bankruptcy
Code and to provide other legal services related to their Chapter
11 cases.

Eric Liepins, Esq., the attorney who will be handling the cases,
charges $275 per hour.  The hourly rates for paralegals and legal
assistants range from $30 to $50.

Mr. Liepins disclosed in a court filing that his firm neither holds
nor represents any interest adverse to the Debtor and its
bankruptcy estate.

The firm can be reached through:

     Eric A. Liepins, Esq.
     Eric A. Liepins, P.C.
     12770 Coit Road, Suite 1100
     Dallas, TX 75251
     Phone: (972) 991-5591
     Fax: (972) 991-5788
     Email: eric@ealpc.com

                      About Dallas Barbecue

Dallas Barbecue LLC and affiliates Garland Barbecue #1, LLC and
Farmers Branch Barbecue, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 18-33509) on
Oct. 30, 2018.  Dallas Barbecue estimated up to $50,000 in assets
and $500,001 to $1 million in liabilities as of the bankruptcy
filing.  The Debtors tapped Eric A. Liepins, P.C. as their legal
counsel.


DEFLORA LAKE: Seeks Court Approval to Hire Accountant
-----------------------------------------------------
DeFlora Lake Development Associates, Inc., seeks approval from the
U.S. Bankruptcy Court for the Southern District of New York to hire
an accountant.

The Debtor proposes to employ Forunato Pagliano to perform
accounting and analysis work, and pay him an hourly fee of $50.  

Mr. Pagliano does not hold any interest adverse to the Debtor,
according to court filings.

Mr. Pagliano maintains an office at:

     Forunato Pagliano
     67 N. Main Street
     New City, New York

                  About DeFlora Lake Development

DeFlora Lake Development Associates, Inc., filed a Chapter 11
bankruptcy petition (Bankr. S.D.N.Y. Case No. 17-35318) on March 2,
2017, disclosing less than $1 million in both assets and
liabilities.  Judge Cecelia G. Morris presides over the case.
Elizabeth A. Haas, Esq., is the Debtor's counsel.


DIXIE ELECTRIC: Files Joint Pre-Packaged Plan
---------------------------------------------
Dixie Electric, LLC, and its debtor-affiliates filed a disclosure
statement for their joint pre-packaged plan dated Oct. 31, 2018.

After extensive, good-faith negotiations, the Debtors, the
Consenting Prepetition Secured Lenders, the Prepetition Agent, the
DIP Lenders, the Prepetition Unsecured Lender and the Consenting
Equity holder have achieved an agreement on a consensual
restructuring to be implemented swiftly through a pre-packaged
chapter 11 plan of reorganization, the purpose of which will
include (i) providing for a timeline and process for the
implementation of the Restructuring Transactions, (ii) effectuating
a recapitalization of the Debtors’ balance sheet on a consensual
basis through the Plan, (iii) authorizing entry into the New First
Lien Credit Agreement with the New First Lien Facility Agent and
the New First Lien Facility Lenders, and causing the receipt by the
Debtors and the Reorganized Debtors of the commitments and the
borrowings in connection therewith and with the Restructuring
Transactions, (iv) preserving and maintaining the ongoing business
operations of the Company with limited interruption and (v)
implementing a comprehensive settlement and resolution of claims
held by or against the Debtors with certain of its stakeholders,
including the Prepetition Secured Lenders, the Prepetition Agent,
the Prepetition Unsecured Lenders and the Consenting Equity
holder.

The Plan contemplates, among other things, the occurrence of the
following Restructuring Transactions:

* The Debtors will consummate the Restructuring Transactions
through pre-packaged
Chapter 11 Cases filed in the Bankruptcy Court for the District of
Delaware, and the Company expects ordinary-course operations to
continue substantially uninterrupted during and after the Chapter
11 Cases.

* Other than the treatment proposed by the Debtors and set forth
below, all Claims against and Equity Interests in any of the
Debtors are expected to be Unimpaired and shall be paid in full in
cash, paid or disputed in the ordinary course of business and in
accordance with applicable law as if the Chapter 11 Cases had not
been commenced, Unimpaired and reinstated or treated on such other
terms as agreed by the Holder thereof and subject to the consent
rights contained within the Plan and the RSA.

* On the Effective Date, the Secured Loan Claims shall be cancelled
and discharged and the liens on and other security interests in the
collateral with respect thereto shall be released and terminated,
and, in exchange therefor, each Holder of Secured Loan Claims will
receive its pro rata share of 98.25% of the New Common Stock,
subject to dilution by the MIP. On the Effective Date, the
Prepetition Secured Credit Agreement shall be canceled and be of no
further force or effect.

* On the Effective Date, the Unsecured Loan Claims will be canceled
and discharged, and, in exchange therefor, each Holder of Unsecured
Loan Claims will receive its pro rata share of 1.75% of the New
Common Stock, subject to dilution by the MIP. On the Effective
Date, the Prepetition Unsecured Loan Agreement shall be canceled
and be of no further force or effect.

* On the Effective Date, the Existing Parent Interests shall be
canceled, and the Consenting Equity holder shall receive no
recovery under the Plan.

* Immediately after the Effective Date, the New Board of the
Company is expected to adopt the MIP under which 10% of the New
Common Stock on a fully diluted basis, will be available for grant
under the MIP. The MIP Award Pool would proportionately dilute all
of the New Common Stock issued pursuant to the Plan.

* To fund the Company's operations and its expenses during the
Chapter 11 Cases, members of the Ad Hoc Group have committed to
provide the Company with a $17.5 million debtor-in-possession
credit facility comprised of term loans in an aggregate principal
amount of up to $17.5 million, subject to approval by the
Bankruptcy Court.

All Allowed General Unsecured Claims in Class 3 are unimpaired by
the Plan. At the option of the Debtors or the Reorganized Debtors,
as applicable, (i) the Plan may leave unaltered the legal,
equitable, and contractual rights of a Holder of an Allowed General
Unsecured Claim, (ii) the Debtors or the Reorganized Debtors, as
applicable, may pay such Allowed General Unsecured Claim in full in
Cash on the Effective Date or as soon thereafter as is practicable,
(iii) the Debtors or the Reorganized Debtors, as applicable, may
pay such Allowed General Unsecured Claim in a manner agreed to by
the Holder of such Claim, or (iv) the Plan may reinstate the legal,
equitable, and contractual rights of the Holder of an Allowed
General Unsecured Claim. Estimated recovery for this class is
100%.

On the Effective Date, the reorganized capital structure of the
Reorganized Debtors will consist of (i) the New First Lien
Facility, (ii) the New L/C Facility, if any, and (iii) the New
Common Stock, including the MIP Award Pool reserved for issuance by
the New Board, consistent with the terms of the RSA and the
Restructuring Term Sheet.

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

     http://bankrupt.com/misc/deb18-12477-18.pdf

                  About Dixie Electric

Dixie Electric, LLC, aka Expanse Energy Solutions, is a premier
provider of electrical infrastructure, automation and maintenance
services and materials to the oil and gas and commercial and
industrial industries. Expanse operates as a network of companies
across the United States with a wide scope of offerings that
answers the electrical demands of cutting-edge technologies in
automation, artificial lift and enhanced oil recovery.

Each of the Debtors filed a petition for reorganization under
chapter 11 of the Bankruptcy Code with the Court (Bank. D. Del.
Case no. 18-12477) on Nov. 2, 2018. The case is assigned to Judge
Kevin Gross.

Sean Matthew Beach and Edmon L. Morton at Young Conaway Stargatt &
Taylor, LLP represent the Debtor.


DOCTORS HOSPITAL AT DEER CREEK: Files Ch. 11 Plan of Liquidation
----------------------------------------------------------------
Doctors Hospital at Deer Creek, LLC, filed with the U.S. Bankruptcy
Court for the District of Louisiana a disclosure statement relating
to its plan of liquidation dated Nov. 2, 2018.

General unsecured creditors are classified in Class 3 under the
plan, and will be paid in pro rata fashion without interest from a
surcharge of $250,000 from the sale of assets of the Debtor,
following full satisfaction of all administrative expenses and
priority claims, for an approximate 1-3% dividend.

Payments and distributions under the Plan will be funded primarily
by the organized liquidation of Debtor's assets, and, to a far
lesser extent, by the ongoing operations of the business during
Debtor's liquidation of assets.

A copy of the Disclosure Statement is available for free at:

    http://bankrupt.com/misc/lawb18-81044-56.pdf

           About Doctors Hospital at Deer Creek

Doctors Hospital at Deer Creek -- http://www.dhdc.md/-- is a  
proprietary, medicare certified acute care hospital located in
Leesville, Louisiana.  It offers these services: 16-Slice CT,
general radiology, ultrasound, MRI, laboratory, respiratory
therapy, inpatient hospitalization, and outpatient services.  The
hospital opened in November 2007.

Doctors Hospital at Deer Creek sought protection under Chapter 11
of the BankruptcyCode (Bankr. W.D. La. Case No. 18-81044) on Oct.
18, 2018.  In the petition signed by Dr. Gregory D. Lord,
authorized representative, the Debtor disclosed $7,650,691 in
assets and $9,933,588 in liabilities.  Judge John W. Kolwe
presides
over the case.  The Debtor tapped Gold, Weems, Bruser, Sues &
Rundell, APLC as its legal counsel.


DOWLING COLLEGE: Discloses Unsecured Creditor Settlement
--------------------------------------------------------
Dowling College filed a first amended disclosure statement to
accompany its First Amended Plan of Liquidation to disclose an
unsecured creditor settlement, which provides, among other things,
that certain proceeds from the disposition of assets are to be
reserved for the benefit of unsecured creditors before being
applied in accordance with the provisions of the DIP Note.

The Unsecured Creditor Settlement, as modified, provides for the
following categories and payment priorities:

   (1) Tier I: all assets of the Debtor other than those specified
in Tier II, Tier III, or Tier IV, i.e., the IP Addresses, the
Student AR and funds in the Unrestricted Prepetition Bank Accounts.
The sale proceeds from the disposition of the aforementioned assets
are to be applied first to pay costs, commission and expenses of
such sales, second $200,000 for payment of Allowed Priority Non-Tax
Claims and Allowed Priority Tax Claims, third to the DIP Term Loan
Lenders to satisfy any unpaid portion of DIP Term Loan D, fourth in
allocation of 50% to Prepetition Bond Trustees and 50% for payment
of Allowed Priority Non-Tax Claims and Allowed Priority Tax Claims
until the obligations of the Debtor under the Prepetition Bond
Documents are paid in full, and fifth for payment of Allowed
General Unsecured Claims.

   (2) Tier II: real property and improvements consisting of the
Oakdale Campus and Brookhaven Campus, excluding the Brookhaven
Dorm. The sale proceeds from the Oakdale Campus and Brookhaven
Campus, excluding the Brookhaven Dorm, are to be applied first to
pay costs, commissions and expenses of such sales, second $174,000
for the Unsecured Creditor Trust Initial Funding, third $300,000
for payment of Allowed Priority Non-Tax Claims and Allowed Priority
Tax Claims, fourth to the DIP Term Loan Lenders to satisfy any
unpaid portion of DIP Term Loan A and that portion of DIP Term Loan
D funded by the Prepetition Series 2006 Bonds or ACA, fifth to the
Prepetition Series 2006 Bond Trustee in an amount sufficient to
satisfy up to 70% of the outstanding balance of the Prepetition
Series 2006 Bond Obligations as of the Petition Date, then sixth in
allocation of 90% to Prepetition Bond Trustees and DIP Term Loan
Lenders and 10% for payment of Allowed Priority Non-Tax Claims and
Allowed Priority Tax Claims until the obligations of the Debtor
under the Prepetition Bond Documents are paid in full, and seventh
for payment of Allowed General Unsecured Claims.

   (3) Tier III: real property and improvements consisting of the
Brookhaven Dorm and associated real property. The sale proceeds
from the Brookhaven Dorm are to be applied first to pay costs,
commissions and expenses of such sale, second $71,662.50 for the
Unsecured Creditor Trust Initial Funding, third to the DIP Term
Loan Lenders to satisfy any unpaid portion of DIP Term Loan B and
that portion of DIP Term Loan D funded by the Prepetition Series
2002 Bond Trustee in full, fourth to the Prepetition Series 2002
Bond Trustee in an amount sufficient to satisfy up to 70% of the
outstanding balance of the Prepetition Series 2002 Bond Obligations
as of the Petition Date, fifth in allocation of 90% to Prepetition
Bond Trustees and DIP Term Loan Lenders and 10% for payment of
Allowed Priority Non-Tax Claims and Allowed Priority Tax Claims
until the obligations of the Debtor under the Prepetition Bond
Documents are paid in full, and sixth for payment of Allowed
General Unsecured Claims.

   (4) Tier IV: real property and improvements consisting of the
Residential Portfolio. The sale proceeds from the Residential
Portfolio are to be applied first to pay costs, commissions and
expenses of such sales, second $54,337.50 for the Unsecured
Creditor Trust Initial Funding, third $150,000 for payment of
Allowed Priority Non-Tax Claims and Allowed Priority Tax Claims,
fourth to the DIP Term Loan Lenders to satisfy any unpaid portion
of DIP Term Loan C and that portion of Term Loan D funded by the
Prepetition Series 2015 Bond Trustee, fifth to the Prepetition
Series 2015 Bond Trustee in an amount sufficient to satisfy up to
85% of the outstanding balance of the  Prepetition Series 2015 Bond
Obligations as of the Petition Date, sixth in allocation of 90% to
Prepetition Bond Trustees and 10% for payment of Allowed Priority
Non-Tax Claims and Allowed Priority Tax Claims until the
Prepetition Secured Parties and DIP Term Loans are paid in full,
and seventh for payment of Allowed General Unsecured Claims.

For Class 7 (General Unsecured Claims), each Holder of an Allowed
General Unsecured Claim shall receive one or more distributions
from the Unsecured Creditor Trust, on a pro rata basis, up to one
hundred percent (100%) of such Allowed General Unsecured Claim, in
full and final satisfaction of such Allowed General Unsecured
Claim. Distributions to holders of Class 7 General Unsecured Claims
shall be made solely from the Unsecured Creditor Trust from
Unsecured Creditor Trust Assets as provided in Section 4.7 of the
Plan, and neither the Debtor nor ACA or the Prepetition Bond
Trustees shall have any responsibility to pay any portion of any
Allowed General Unsecured Claim. As of the filing of this
Disclosure Statement, approximately 630 parties have filed or
otherwise hold scheduled Class 7 Claims in the aggregate amount of
approximately $35 million. The Debtor estimates that after
reconciliation of such claims is complete and either negotiations
or objections are concluded, the aggregate amount of Class 7 Claims
will be between approximately $16 million and $20 million,
excluding Deficiency Claims which total approximately $26.4
million.

For other secured claims, the proceeds of the Collateral securing
the Prepetition Senior Secured Claims and the DIP Term Loans is
insufficient to satisfy such claims in full. Pursuant to section
506(a)(1) of the Bankruptcy Code, Other Secured Claims are rendered
unsecured as a result. Other Secured Claims shall be treated as a
Deficiency Claim and receive distributions as Class 7 General
Unsecured Claims.

The Plan will be funded by a combination of the proceeds of sale of
certain of the Debtor's Assets, additional funding and/or use of
cash collateral of ACA and the Prepetition Bond Trustees in
accordance with the Unsecured Creditor Settlement, the Priority
Claim Contribution, and as set forth in the Plan.

A full-text copy of the Disclosure Statement dated October 31,
2018, is available at:

      http://bankrupt.com/misc/nyeb18-1675545(REG)-631.pdf

Attorneys for Debtor:

     Sean C. Southard, Esq.
     Joseph C. Corneau, Esq.
     Lauren C. Kiss, Esq.
     KLESTADT WINTERS JURELLER
        SOUTHARD & STEVENS, LLP
     200 West 41st Street, 17th Floor
     New York, NY 10036
     Tel: (212) 972-3000
     Fax: (212) 972-2245

                      About Dowling College

Dowling College was founded in 1955 as part of Adelphi College's
outreach to Suffolk County, New York. Dowling College became the
first four-year, degree-granting liberal arts institution in the
county. It purchased the former W.K. Vanderbilt estate in Oakdale
in 1962.

Dowling College sought Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 16-75545) on Nov. 30, 2016, estimating assets of
$100 million to $500 million and debt of less than $100 million.

The Debtor tapped Klestadt Winters Jureller Southard & Stevens,
LLP, as bankruptcy counsel; Ingerman Smith, LLP and Smith &
Downey,
PA, as special counsel; Robert Rosenfeld of RSR Consulting, LLC,
as
chief restructuring officer; and Garden City Group, LLC, as claims
and noticing agent.  The Debtor has also hired FPM Group, Ltd., as
consultants; Eichen & Dimeglio, PC, as accountants; A&G Realty
Partners, LLC and Madison Hawk Partners, LLC, as real estate
advisors; and Hilco Streambank and Douglas Elliman serve as
brokers.

Judge Robert E. Grossman presides over the Debtor's bankruptcy
case.

The Office of the U.S. Trustee on Dec. 9, 2016, appointed three
creditors of Dowling College to serve on an official committee of
unsecured creditors.  The Committee retained SilvermanAcampora LLP
as its counsel.


DURON SYSTEMS: DTech to Pay Unsecureds Under 5th Amended Plan
-------------------------------------------------------------
Duron Systems, Inc., submits a fifth amended disclosure statement
describing its chapter 11 liquidating plan.

Duron's Plan is a liquidating plan. Duron Tech, LLC will purchase
all of Duron's assets that are not surrendered to secured creditors
pursuant to the terms of the Plan below. DTech will then assume
responsibility for paying creditors pursuant to the terms of the
Plan. To the extent that the distributions set forth in this Plan
differ from the distribution priorities in the Bankruptcy Code the
distributions set forth in the Plan will supersede, so long as they
have been approved by the Court.

Duron believes that a sale of its assets through a chapter 11
liquidating plan is feasible. DTech has offered to purchase Duron's
assets. DTech is the entity to whom Tri-L leased its facility,
pursuant to its confirmed chapter 11 plan. If Duron accepts DTech's
offer, Duron and DTech will execute a sale agreement pursuant to
which DTech will acquire Duron's equipment, inventory, and other
"hard" assets. DTech will also acquire Duron's ISO certifications
and "approved vendor list."

Class 14 general unsecured creditors will be treated as follows:

a. Standard Payment Schedule

   -- Beginning on June 1, 2019, Duron Tech, LLC (DTech) will pay
$1,000 per month to Class 14.

   -- Beginning on June 1, 2020, DTech will pay $2,000 per month.

   -- Beginning on June 1, 2021, DTech will pay $3,000 per month.
The monthly payments will continue at this final amount for a total
of 36 payments. The total amount paid to Class 14 on this schedule
will be $144,000.

b. Accelerated Payment Schedule

   -- DTech may, at any time, make payments to Class 14 in addition
to the amounts and times described in the Standard Payment
Schedule. If DTech has paid at least $125,000 to Class 14 by May
30, 2021, DTech will not need to make any additional payments to
Class 14 notwithstanding the Standard Payment Schedule.

Each payment that DTech makes to Class 14 will be distributed among
the creditors in Class 14 pro rata according to the amount of each
creditor’s claim.

From and after the Effective Date, Duron will be responsible for
the use, sale, assignment, transfer, abandonment, or liquidation of
its assets pursuant to its sale agreement with DTech. Duron is
authorized to take any actions necessary to control, manage, and
transfer its assets in accordance with their sale agreement without
further judicial review or order of this Court; provided that all
existing and valid liens and encumbrances against any asset of
Duron will continue and remain. Except for the sale of property
from Duron to DTech in accordance with the sale agreement, neither
Duron nor DTech may sell or transfer any property if the sale or
transfer would adversely affect any liens or encumbrances of
Allegiance Bank unless Allegiance Bank first gives its written
consent or an order allowing the sale or transfer is obtained from
a court of competent jurisdiction.

Duron cannot predict the possible conclusion of or proceeds from
the sale of its assets and business to DTech. A sale has not yet
been finalized and might not occur. The sale might not result in
sufficient funds for the payments to creditors. DTech is
responsible for making many of the payments under the Plan.
Depending on its future business success or failure, DTech might
not be able to make the payments. Although Duron believes that a
sale will result in higher returns to the creditors than a chapter
7 liquidation, there is no guaranty of this result.

A copy of the Fifth Amended Disclosure Statement is available for
free at:

      http://bankrupt.com/misc/txsb17-33692-174.pdf

                  About Duron Systems

Established in 1980, Duron Systems, Inc. --
http://www.duronsystems.com/-- is an oil and gas fabrication    
facility located in Houston, Texas.  The Company offers turnkey
project management solutions to meet its customers'
ever-increasing
demands.  Duron features its own pull test facilities up to
100,000
Lbs., stress relieving and hydro-testing equipment, and 24-hour
operations.  Its fabrication and cladding weld procedures are
qualified to AWS, ASME, DNV, ABS, API, NACE, and specific customer
requirements.  As the only AWS certified fabricator in Houston,
Duron Systems also maintains an ISO Compliant Process Management
System.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Tex. Case No. 17-33692) on June 13, 2017, estimating its assets
and
liabilities at between $1 million and $10 million each.  The
petition was signed by Phillip Lower, director.

Judge Karen K. Brown presides over the case.

Reese W Baker, Esq., at Baker & Associates serves as the Debtor's
bankruptcy counsel.


EGALET CORP: Files Chapter 11 to Facilitate Restructuring
---------------------------------------------------------
Egalet Corporation ("Egalet"), a fully integrated specialty
pharmaceutical company focused on developing, manufacturing and
marketing innovative treatments for pain, on Oct. 31 entered into
an asset purchase agreement to acquire four marketed products from
Iroko Pharmaceuticals, Inc. (Iroko).  If consummated, the proposed
transaction will enable Egalet to focus on marketing predominantly
non-narcotic pain products.  To facilitate this transaction and
reorganize Egalet's capital structure, Egalet has initiated
proceedings under Chapter 11 of the United States Bankruptcy Code
in the District of Delaware.  As part of its restructuring, Egalet
has filed a plan of reorganization (the "Plan") that is supported
by a majority in dollar amount of all classes of Egalet's debt
holders.  The plan contemplates payment in full of all of Egalet's
vendors and suppliers.  

"Through this transaction, we will expand our commercial portfolio
with four additional marketed, non-narcotic pain products while
improving our capital structure," said Bob Radie, president and
chief executive officer of Egalet.  "We believe that the
acquisition of the Iroko assets will enable us to leverage our
existing commercial infrastructure while driving efficiencies."

Pursuant to the agreement, Egalet will acquire three FDA-approved
low-dose SoluMatrix(R) non-steroidal anti-inflammatory products,
VIVLODEX(R) (meloxicam), TIVORBEX(R) (indomethacin), and
ZORVOLEX(R) (diclofenac), as well as INDOCIN(R) (indomethacin) oral
suspension and suppositories or capsules and SoluMatrix naproxen, a
phase 2 product candidate, from Iroko.  As consideration for the
acquisition, Egalet will issue to Iroko $45 million in new senior
secured notes, 49% of the new Egalet common stock (a portion of
which may be issued in the form of warrants) and a royalty payment
based upon annual Indocin net sales over $20.0 million.  Upon the
closing of the acquisition, Egalet management will continue to lead
the company with the Iroko products integrated into the Egalet
sales representatives' product offerings.  Egalet projects annual
net revenue for all products, including the products to be acquired
from Iroko, to be between $80 and $90 million.

The Iroko acquisition is conditioned upon the reorganization of
Egalet under the Bankruptcy Code.  Business will continue
uninterrupted and operations will be supported by existing cash on
hand.  In advance of the Chapter 11 filing, over two-thirds in
dollar amount of the company's debt holders signed a restructuring
support agreement which the company believes will facilitate an
expeditious emergence from Chapter 11.  As part of that agreement,
Egalet will equitize its existing 5.50% and 6.50% convertible notes
and a portion of its existing 13.0% senior secured notes. Through a
combination of equity and cash, Egalet will, if the plan is
approved, reduce its senior debt by $34 million to a total of $95
million in senior secured debt, comprised of the $45 million to be
issued to Iroko and $50 million to be issued to Egalet's existing
13.0% senior secured notes holders.  In addition, the plan provides
for the elimination of all of Egalet's outstanding equity
securities, and the issuance of new Egalet common stock to Iroko
and Egalet's existing debt holders.  The acquisition and the
pre-arranged reorganization will require Bankruptcy Court approval.
The company anticipates the closing of the acquisition of the
Iroko assets and the bankruptcy will be completed in the first
quarter of 2019.

"During the restructuring and as we work to close the asset
acquisition, we expect our business to continue uninterrupted with
the Egalet products being marketed and shipped, our employees
receiving wages and benefits and all of our vendors and suppliers
receiving payments in the ordinary course of business going
forward," Mr. Radie added.

The company will look to relist on the Nasdaq market as soon as the
company meets the applicable initial listing requirements. Egalet
stock is expected to trade on the over-the-counter (OTC) on the
Pink Sheets through the close of the transaction.  Additional
information on the transaction and filing will be contained in a
report on Form 8-K, to be filed with the Securities and Exchange
Commission.

Leerink Partners is acting as financial advisor to Egalet in the
acquisition of the Iroko assets.  Cantor Fitzgerald & Co. served as
Iroko's advisor in the transaction.  Piper Jaffray has served as
investment banking financial advisor to Egalet in the
restructuring.  Dechert LLP is serving as legal counsel for Egalet
in both the Iroko acquisition and planned reorganization.  Baker
McKenzie LLP is serving as legal counsel for Iroko Pharmaceuticals,
Inc in the acquisition.

                     About Egalet Corporation

Headquartered in Wayne, Pennsylvania, Egalet Corporation (OTCQX:
EGLT) is a fully integrated specialty pharmaceutical company
focused on developing, manufacturing and commercializing innovative
treatments for pain and other conditions.

Egalet Corporation and Egalet US Inc. sought bankruptcy protection
on Oct. 30, 2018 (Bankr. D. Del., Lead Case No. Case No. 18-12439).
The petition was signed by Robert Radie, president and chief
executive officer.  

The Debtors declared total assets of $99,980,000 and total debts of
$143,338,000.

The Debtors tapped Dechery LLP as general counsel; Young Conaway
Stargatt & Taylor, LLP, as local Delaware counsel; Berkeley
Research Group LLC as financial restructuring advisor; Piper
Jaffray & Co. as investment banker; and Kurtzman Carson Consultants
LLC as claims agent.


ENERGY FUTURE: Court Fixes Appropriate Allocation of Admin Expenses
-------------------------------------------------------------------
Chief Bankruptcy Judge Christopher S. Sontchi issues his findings
of facts and conclusions of law on the joint motion of UMB Bank,
N.A., Elliott Associates, L.P., Elliott International, L.P., and
The Liverpool Limited Partnership to fix the appropriate allocation
of certain reserves and expenses as between the EFH and EFIH
Debtors.

After extensive briefing, a three-day trial and the admission of
hundreds of exhibits, the Court has determined that the appropriate
allocation of the administrative expenses should be as follows:

Administrative Claim               Allocation   EFIH        
Allocation to EFH

NexEra Termination Fee                   94.6%                     
  5.4%
Debtor's Professional Fees               84%                       
  16%
E-Side Committee Professional Fees       12%                       
  88%
Substantial Contribution Claim           95%                      
5%
Total                                    83.6%                     
  16.4%

The Debtors filed bankruptcy on April 29, 2014. The funded debt was
split between two silos. The T-side debt was owed by a family of
companies engaged in the production of energy as well as the retail
sale of electricity to consumers, all in Texas. The E-side debt was
owed by two holding companies - EFH Corp., the parent, and EFIH,
its subsidiary. Between them EFH Corp. and EFIH held an indirect
interest in Oncor, a public utility in Texas. There were potential
claims between the various debtors in the billions. On the petition
date, it appeared that the T-side debtors were hopelessly insolvent
and the E-side debtors were probably solvent. The case was
contentious from the start with numerous objections filed to every
motion -- even joint administration. The high water mark of the
case occurred on Dec. 7, 2015, on which date the Court confirmed a
plan sponsored by the T-side creditors that left all of the E-side
creditors unimpaired. A series of unfortunate events then occurred.
While the T-side debtors emerged from bankruptcy in the fall of
2016, it took until March 9, 2018 for the E-side debtors to emerge
from bankruptcy after the sale of Oncor to Sempra Energy. Time was
not the friend of the E-side unsecured creditors. By the time EFH
Corp. and EFIH emerged from bankruptcy, the operative classes of
their unsecured creditors were projected to receive approximately
16% and 23-39%, respectively.

The principal parties, which consist of an ad hoc committee of EFH
Corp., unsecured creditors and the largest holder of EFIH unsecured
debt, dispute the allocation of certain administrative expenses
between the non-substantively consolidated estates of EFH Corp. and
EFIH. The motivation is simple. The greater the proportion of
administrative expenses allocated to EFH Corp. the greater the
recovery of EFIH’s unsecured creditors and vice versa.
Importantly, the question here is not whether the administrative
claims should be allowed - it is which estate should be liable for
the allowed administrative claims.

There are four groups of administrative claims at issue: (i) a $275
million claim by NextEra Energy for a termination fee arising from
a failed merger with Oncor: (ii) approximately $137 million in
professional fees billed by the debtors’ lead attorneys and
financial advisor; (iii) approximately $48 million in professional
fees billed by the advisors to the Official Committee of Unsecured
Creditors of EFH Corp. and EFIH; and (iv) an approximately $30
million claim for substantial contribution by a large creditor of
EFH Corp. and EFIH.

Pursuant to paragraph 150 of the Confirmation Order, the EFH/EFIH
Debtors funded the NextEra Plan Reserve in the amount of
$275,000,000. If the NextEra Plan Reserve Amount is reduced by
order of the Court (and such order has not been stayed) pursuant to
the terms described in paragraph 154 of the Confirmation Order, any
remaining funds in the NextEra Plan Reserve will be allocated
between EFH and EFIH in the same proportion the NextEra Termination
Fee is allocated between EFH and EFIH under this Order; provided,
however, that, for the avoidance of doubt, no funds will be
released from the NextEra Plan Reserve on account of the NextEra
Termination Fee Claim or any other Claim pursuant to this Order and
any such release will be governed by separate order of the Court.

The allocation of the Debtor Professional Fee Claims and the EFH
Committee Fee Claims is governed by section 330(a)(3)(C) of the
Bankruptcy Code, which states that, in determining reasonable
compensation to be awarded to a professional, the court shall
consider "whether the services were necessary to the administration
of, or beneficial at the time at which the service was rendered
toward the completion of, a case under this title."

As a matter of law, the Court's determination of the proper
allocation of the NextEra Termination Fee Claim or any other Claim
asserted by NextEra that becomes Allowed by Final Order and is
payable from the NextEra Plan Reserve is a justiciable issue, as
supported by the Court's findings of fact and conclusions of law.

A copy of the Court's Findings dated Oct. 31, 2018 is available for
free at:

     http://bankrupt.com/misc/deb14-10979-13599-1.pdf

                    About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas. Oncor, an
80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas. The
Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth. EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion. The Debtors had $42
billion of funded indebtedness as of the bankruptcy filing.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal. The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and
Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
Agreement
are represented by Akin Gump Strauss Hauer & Feld LLP, as legal
advisor, and Centerview Partners, as financial advisor. The EFH
equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor. Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the
second-lien noteholders owed about $1.6 billion, is represented by
Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A.
Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq.,
Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey,
Esq., and Howard L. Siegel, Esq.

On May 13, 2014, the U.S. Trustee appointed the Official Committee
of TCEH Unsecured Creditors in the Chapter 11 Cases. The TCEH
Committee is composed of (a) the Pension Benefit Guaranty
Corporation; (b) HCL America, Inc.; (c) BNY, as Indenture Trustee
under the EFCH 2037 Notes due 2037 and the PCRBs; (d) LDTC, as
Indenture Trustee under the TCEH Unsecured Notes; (e) Holt Texas
LTD, d/b/a Holt Cat; (f) ADA Carbon Solutions (Red River); and (g)
Wilmington Savings, as Indenture Trustee under the TCEH Second
Lien
Notes. The TCEH Committee retained Morrison & Foerster LLP as
counsel; Polsinelli PC as co-counsel and conflicts counsel; Lazard
Freres & Co. LLC as investment banker; FTI Consulting, Inc., as
financial advisor; and Charles River Associates as an energy
consultant.

On Oct. 27, 2014, the U.S. Trustee appointed the Official
Committee
of Unsecured Creditors representing the interests of the unsecured
creditors for EFH, EFIH, EFIH Finance, and EECI, Inc. The EFH/EFIH
Committee is composed of (a) American Stock Transfer & Trust
Company, LLC; (b) Brown & Zhou, LLC c/o Belleair Aviation, LLC;
(c)
Peter Tinkham; (d) Shirley Fenicle, as successor-in-interest to
the
Estate of George Fenicle; and (e) David William Fahy. The EFH/EFIH
Committee retained Montgomery, McCracken, Walker & Rhodes, LLP, as
co-counsel and conflicts counsel; AlixPartners, LLP, as
restructuring advisor; Sullivan & Cromwell LLC as counsel;
Guggenheim Securities as investment banker; and Kurtzman Carson
Consultants LLC as noticing agent for both the TCEH Committee and
the EFH/EFIH Committee.

Given the size and complexity of the Chapter 11 Cases, the U.S.
Trustee proposed, and the Debtors and the TCEH Committee agreed,
to
recommend that the Bankruptcy Court appoint a committee to, among
other things, review and report as appropriate on fee applications
and statements submitted by the professionals paid for by the
Debtors' Estates. The Fee Committee is comprised of four members:
(a) one member appointed by and representative of the Debtors
(Cecily Gooch, Vice President and Special Counsel for
Restructuring, Energy Future Holdings); (b) one member appointed
by
and representative of the TCEH Creditors' Committee (Peter
Kravitz,
Principal and General Counsel, Province Capital); (c) one member
appointed by and representative of the U.S. Trustee (Richard L.
Schepacarter, Trial Attorney, Office of the United States
Trustee);
and (d) one independent member (Richard Gitlin, of Gitlin and
Company, LLC). The Fee Committee retained Godfrey & Kahn, S.C., as
counsel; and Phillips, Goldman & Spence, P.A., as co-counsel.

On Aug. 29, 2016, Judge Sontchi confirmed the Chapter 11 exit
Plans
of two of Energy Future Holdings Corp.'s subsidiaries, power
generator Luminant and retail electricity provider TXU Energy Inc.
(the "T-Side Debtors"). The Plan became effective on Oct. 3, 2016.

On Aug. 20, 2017, Sempra Energy (NYSE:SRE) announced an agreement
to acquire Energy Future Holdings, the indirect owner of 80
percent
of Oncor Electric Delivery Company, LLC, operator of the largest
electric transmission and distribution system in Texas. Under the
agreement, Sempra Energy will pay approximately $9.45 billion in
cash to acquire Energy Future and its ownership in Oncor, while
taking a major step forward in resolving Energy Future's
long-running bankruptcy case. The enterprise value of the
transaction is approximately $18.8 billion, including the
assumption of Oncor's debt.

On Nov. 3, 2017, the Bankruptcy Court entered an order closing the
Chapter 11 cases of 40 affiliate debtors. The claims asserted
against, and interests asserted in, the Closing Cases are
transferred to the lead case of Texas Competitive Electric
Holdings
Company LLC, Case No. 14-10978. A list of the Closing Cases is
available for free at:

      http://bankrupt.com/misc/EnergyFuture_decreeclosing40.pdf   


EP ENERGY: Reports Third Quarter Net Loss of $44 Million
--------------------------------------------------------
EP Energy LLC has filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q reporting a net loss of $44
million on $294 million of total operating revenues for the three
months ended Sept. 30, 2018, compared to a net loss of $74 million
on $219 million of total operating revenues for the three months
ended Sept. 30, 2017.

For the nine months ended Sept. 30, 2018, the Company reported a
net loss of $84 million on $845 million of total operating revenues
compared to a net loss of $129 million on $842 million of total
operating revenues for the same period during the prior year.

As of Sept. 30, 2018, the Company had $5.23 billion in total
assets, $563 million in total current liabilities, $4.35 billion in
total non-current liabilities, and $317 million in member's
equity.

As of Sept. 30, 2018, the Company had available liquidity of $666
million, reflecting $610 million of available liquidity on its
Reserve-Based Loan facility (RBL Facility) borrowing base and $56
million of available cash.  The Company's RBL Facility is its
primary source of liquidity beyond its operating cash flow and
matures in November 2021.  In 2018, the Company has taken a number
of steps to improve its liquidity, expand its financial flexibility
and manage its leverage by (i) exchanging approximately $1,147
million of the outstanding amounts of our senior unsecured notes
maturing in 2020, 2022 and 2023 for new 9.375% senior secured notes
maturing in 2024, (ii) issuing $1 billion of 7.75% senior secured
notes which mature in 2026 and using the net proceeds to repay in
full the outstanding amounts at that time under its RBL Facility
and (iii) extending the maturity of its RBL Facility from May 2019
to November 2021.

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

                      https://is.gd/STd6RI

                      About EP Energy LLC

EP Energy LLC, a wholly-owned subsidiary of EP Energy Corporation
-- http://www.epenergy.com/-- is an independent exploration and
production company engaged in the acquisition and development of
unconventional onshore oil and natural gas properties in the United
States.  The Company operates through a diverse base of producing
assets and are focused on providing returns through the development
of its drilling inventory located in three areas: the Permian basin
in West Texas, the Eagle Ford Shale in South Texas, and the
Altamont Field in the Uinta basin in Northeastern Utah.  The
Company is headquartered in Houston, Texas.

EP Energy LLC incurred a net loss of $203 million for the year
ended Dec. 31, 2017, compared to a net loss of $21 million for the
year ended Dec. 31, 2016.  As of Dec. 31, 2017, EP Energy had $4.89
billion in total assets, $4.50 billion in total current and
non-current liabilities and $383 million in member's equity.

                           *    *    *

In January 2018, S&P Global Ratings raised its corporate credit
rating on Houston-based exploration and production (E&P) company EP
Energy LLC to 'CCC+' from 'SD' (selective default).  The outlook is
negative.  "The upgrade reflects the announcement that EP has
completed exchanges of its unsecured debt, which we considered to
be distressed, for 1.5-lien secured debt due 2024.  The rating
incorporates the new capital structure, which reflects the minimal
reduction of the company's debt as a result of the exchanges," S&P
said.

EP Energy LLC carries a 'Caal' Corporate Family Rating from Moody's
Investors Service.


EXCO RESOURCES: To Enter Into Exit RBL Facility Under Latest Plan
-----------------------------------------------------------------
EXCO Resources, Inc. and affiliates filed their latest disclosure
statement for their settlement joint chapter 11 plan of
reorganization.

The latest Plan provides for a reorganization of the Debtors as a
going concern with a significant reduction in long-term debt and a
stronger, de‑levered balance sheet. Pursuant to the Plan, the
Debtors will reorganize around all of their assets and continue to
operate as an independent oil and natural gas company engaged in
exploration and production.

The Debtors will also enter into the Exit RBL Facility, which will
be reserve based lending facility with an initial borrowing base of
$[350] million, on terms set forth in the Exit RBL Facility
Documents and substantially consistent with the terms set forth in
the Exit RBL Facility Term Sheet, and the Exit Term Loan Facility,
which will be a new second lien term loan facility in an aggregate
principal amount of $[350] million on terms set forth in the
applicable Exit Term Loan Facility Documents, the proceeds of which
will be used to fund recoveries to Holders of 1.5 Lien Notes
Claims.

On the Effective Date, the Claims Trust will be created and funded
by the Debtors pursuant to the Plan and the Claims Trust Documents,
which shall be included in the Plan Supplement. The Claims Trust
will be governed by a three-person board, whose identities will be
included in the Claims Trust Documents, which will, among its other
duties, select a trustee for the Claims Trust.

Following two full days of mediation with Chief Judge Jones, the
Debtors, the Consenting 1.5L Holders, the Consenting 1.75L Lenders,
the Consenting 2L Lenders, and the Committee reached an agreement
in principle regarding the terms of a settlement of substantially
all of the Settled Claims and Causes of Action other than those
claims and causes of action covered by the Debtors' D&O Liability
Insurance Policies. Following this initial round of mediation, the
Debtors, Consenting 1.5L Holders, the Consenting 1.75L Lenders, the
Consenting 2L Lenders, the Committee, and the D&O Carriers engaged
in two further days of mediation, which resulted in a resolution
with respect to the Settled Claims and Causes of Action covered by
the Debtors D&O Insurance Policies. Pursuant to these global
resolutions, the Consenting 1.75L Lenders agreed to equitize all of
their 1.75 Lien Term Loan Facility Claims and settled the
non-insured Settled Claims and Causes of Action by contributing
approximately 16% of the New Common Stock to which the Holders of
1.75 Lien Term Loan Facility Claims were otherwise entitled to fund
recoveries to Holders of GUC Claims.

Additionally, the Consenting 1.75L Lenders agreed to contribute
certain other claims and causes of action against third parties,
which claims and causes of action constitute collateral for the
Consenting 1.75L Lenders' Claims, and the proceeds thereof to the
Claims Trust, which will be used, in part, to fund recoveries to
unsecured creditors. The Consenting 2L Lenders agreed to equitize
their 2L Term Loan Claims and be treated pari passu with other
unsecured creditors despite their perfected security interests.
Finally, the Debtors and the D&O Carriers agreed to settle the
insured Settled Claims and Causes of Action for $15.35 million,
$13.35 million of which was contributed by the D&O Carriers and $2
million of which was contributed by the Debtors, all of which will
fund unsecured creditor recoveries. The Mediated Settlement also
includes releases of the Consenting 1.75L Lenders, Consenting 2L
Lenders, and the D&O Carriers in consideration for their
significant contributions of value.

A copy of the redlined version of the Disclosure Statement is
available for free at:

     http://bankrupt.com/misc/txsb18-30155-1210-2.pdf

                   About EXCO Resources

EXCO Resources, Inc. (otc pink:XCOO) --
http://www.excoresources.com/-- is an oil and natural gas   
exploration, exploitation, acquisition, development and production
company headquartered in Dallas, Texas, with principal operations
in Texas, North Louisiana and the Appalachia region.  EXCO's
headquarters are located at 12377 Merit Drive, Suite 1700, Dallas,
Texas.

EXCO Resources, Inc., and 14 of its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30155) on Jan. 15,
2018.  EXCO disclosed total assets of $829.1 million and total
debt of $1.355 billion as of Sept. 30, 2017.

The Debtors' cases have been assigned to the Honorable Marvin
Isgur.

The Debtors tapped Gardere Wynee Sewell LLP, and Kirkland & Ellis
LLP, as bankruptcy counsel; PJT Partners LP as financial advisor;
Alvarez & Marsal North America, LLC, as restructuring advisor; and
Epiq Bankruptcy Solutions, LLC, as claims agent.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors.  The committee is represented by lawyers at
Jackson Walker LLP and Brown Rudnick LLP.  Intrepid Partners LLC
and Jefferies LLC serve as the committee's investment bankers.


EYEPOINT PHARMACEUTICALS: Expects to Launch of YUTIQ in Q1 2019
---------------------------------------------------------------
EyePoint Pharmaceuticals, Inc., reported operating and financial
results for its fiscal 2019 first quarter ended Sept. 30, 2018 and
highlighted recent clinical and operational developments.

"The approval of YUTIQ by the U.S. FDA in October marked a
significant achievement for EyePoint and validates the Company's
innovation and ability to develop an effective treatment to
decrease recurrence of uveitic flares from non-infectious posterior
segment uveitis that can result in blindness," said Nancy Lurker,
president and chief executive officer of EyePoint Pharmaceuticals.
"Following the positive reception by retina and uveitis specialists
of the clinical data presented for YUTIQ at the American Academy of
Ophthalmology 2018 Annual Meeting, we believe that we are
well-positioned for a successful product launch planned in the
first quarter of calendar 2019.  In addition, we are scaling up our
manufacturing of DEXYCU ahead of an anticipated launch in the first
half of calendar 2019."

Recent Clinical & Operational Highlights

   * In October 2018, the U.S. Food and Drug Administration (FDA)
     approved YUTIQ (fluocinolone acetonide intravitreal implant)
     0.18 mg, a three-year micro-insert for the treatment of
     chronic non-infectious uveitis affecting the posterior
     segment of the eye.  YUTIQ utilizes the Company's Durasert
     drug delivery technology and is an intravitreal micro-insert
     designed to deliver drug consistently over 36 months.  The
     approval occurred 24 days in advance of the PDUFA date of
     November 5th.

   * At the American Academy of Ophthalmology (AAO) 2018 Annual
     Meeting in Chicago, IL, 24-month efficacy and safety data
     supporting YUTIQ was presented during the Retina Subspecialty

     day at a breakthrough presentation entitled, "24-month
     Evaluation of Fluocinolone Acetonide Intravitreal Insert
     Treatment for Non-Infectious Posterior Uveitis".  These data
     demonstrated that the recurrence rate in randomized eyes
     treated with YUTIQ was significantly lower than in sham eyes
    (59.8% vs. 97.6%, respectively; p


EYEPOINT PHARMACEUTICALS: Posts First Quarter Net Loss of $33-Mil.
------------------------------------------------------------------
EyePoint Pharmaceuticals, Inc. has filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting a
net loss of $33.12 million on $486,000 of total revenues for the
three months ended Sept. 30, 2018, compared to a net loss of $5.98
million on $385,000 of total revenues for the same period a year
ago.

As of Sept. 30, 2018, the Company had $88.85 million in total
assets, $41.15 million in total liabilities, and $47.70 million in
total stockholders' equity.

The Company's operations for the three months ended Sept. 30, 2018
were financed primarily from existing capital resources of $38.8
million at June 30, 2018, which amount included gross proceeds
received in June 2018 of (i) $25.5 million from the sale of Units
in the Second Tranche Transaction and (ii) $5.0 million from an
additional draw-down of our Loan.  In late September 2018, the
Company received additional proceeds of $28.9 million from the
exercise of all 20,184,224 Second Tranche Warrants at an exercise
price of $1.43 per common share.  At Sept. 30, 2018, its principal
sources of liquidity were cash and cash equivalents that totaled
$55.8 million.

Eyepoint stated that, "The Company has financed its operations
primarily from sales of equity securities, issuance of debt and the
receipt of license fees, milestone payments, research and
development funding and royalty income from its collaboration
partners.  The Company has a history of operating losses and, to
date, has not had significant recurring cash inflows from revenue.
The Company's anticipated recurring use of cash to fund operations
in combination with no probable source of additional capital raises
substantial doubt about its ability to continue as a going concern
for one year from the issuance of its financial statements.  The
Company received proceeds of $28.9 million in late September 2018
from the exercise of investor warrants ... and had total cash and
cash equivalents of $55.8 million at September 30, 2018.  The
Company believes that its cash and cash equivalents of $55.8
million at September 30, 2018, and expected proceeds from existing
collaboration agreements, will enable the Company to maintain its
current and planned operations (including continuation of its two
Phase 3 clinical trials for YUTIQ and plans for the U.S. commercial
launch of both DEXYCU and YUTIQ) into the second quarter of
calendar year 2019.  In order to extend the Company's ability to
fund its operations beyond then, management's plans include
obtaining additional equity financing and/or additional debt
financing and/or, as applicable, reducing or deferring operating
expenses.  The timing and extent of the Company's implementation of
these plans is expected to depend on the amount and timing of cash
receipts from existing or any future collaborations or other
agreements and/or proceeds from any financing transactions.  There
is no assurance that the Company will receive significant revenues
from its planned commercialization of DEXYCU or YUTIQ, or from its
product license revenues under existing collaboration agreements or
be able to obtain financing from any other sources."

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

                        https://is.gd/v4yJlq

                   About EyePoint Pharmaceuticals

EyePoint Pharmaceuticals, formerly pSivida Corp. --
http://www.eyepointpharma.com/-- headquartered in Watertown, MA,
is a specialty biopharmaceutical company committed to developing
and commercializing innovative ophthalmic products in indications
with high unmet medical need to help improve the lives of patients
with serious eye disorders.  The Company has developed three of
only four FDA-approved sustained-release treatments for
back-of-the-eye diseases.  The Company's pre-clinical development
program is focused on using its core Durasert platform technology
to deliver drugs to treat wet age-related macular degeneration,
glaucoma, osteoarthritis and other diseases.

EyePoint Pharmaceuticals incurred a net loss of $53.17 million for
the year ended June 30, 2018, compared to a net loss of $18.48
million on $7.53 million for the year ended June 30, 2017.  As of
June 30, 2018, Eyepoint had $71.67 million in total assets, $59.98
million in total liabilities and $11.68 million in total
stockholders' equity.

Deloitte & Touche LLP, in Boston, Massachusetts, the Company's
auditor since 2008, issued a "going concern" qualification in its
report on the consolidated financial statements for the year ended
June 30, 2018, stating that the Company's anticipated recurring use
of cash to fund operations in combination with no probable source
of additional capital raises substantial doubt about its ability to
continue as a going concern.


FATTY'S BAR: Taps Pickens Cozakos as Special Counsel
----------------------------------------------------
Fatty's Bar LLC seeks approval from the U.S. Bankruptcy Court for
the District of Idaho to hire Pickens Cozakos, P.A. as special
counsel.

The Debtor tapped the firm to appeal a court judgment entered in
favor of a linen service provider, which sued the Debtor to collect
damages under their business service contract.  The case (Case No.
CV01-17-8091) was filed in Ada County, Idaho.

Shelly Cozakos, Esq., the attorney who will be providing the
services, charges an hourly fee of $250.

Pickens Cozakos neither holds nor represents any interest adverse
to the Debtor and its bankruptcy estate, according to court
filings.

The firm can be reached through:

     Shelly H. Cozakos, Esq.
     Pickens Cozakos, P.A.
     398 South 9th Street, Suite 240
     P.O. Box 915
     Boise, ID 83701
     Phone: 208.954.5090
     Fax: 208.954.5099
     Email: shelly@pickenslawboise.com

                       About Fatty's Bar

Based in Boise, Idaho, Fatty's Bar, LLC, is a high-energy,
industrial dance club featuring DJ grooves, drink specials & EDM
nights.

Fatty's Bar, LLC, filed a Chapter 11 petition (Bankr. D. Idaho Case
No. 18-01416) on Oct. 26, 2018, estimating under $1 million in
assets and liabilities.  Matthew Todd Christensen, Esq., at
Angstman Johnson, PLLC, is the Debtor's counsel.


FT. HOWARD DEVELOPMENT: Involuntary Ch. 11 Case Remains Dismissed
-----------------------------------------------------------------
Bankruptcy Judge Wendelin I. Lipp denied Petitioning Creditors'
motion to vacate order dismissing Ft. Howard Development, LLC's
chapter 11 involuntary case.

The involuntary case was commenced on June 14, 2018, upon the
filing of a Chapter 11 Involuntary Petition by David L. Woody;
Zarella Contractors, LLC; and Trinity Protection Services, Inc.
(Petitioning Creditors). The Receiver filed a Motion to Dismiss the
Involuntary Bankruptcy Petition on June 19, 2018. The Motion to
Dismiss alleged, among other things, that that the Involuntary
Petition was filed in bad faith in an attempt to thwart sale
proceedings in the Alleged Debtor's ongoing state court
receivership case, and that the Petitioning Creditors failed to
meet the statutory criteria to commence this involuntary
proceeding.

The Petitioning Creditors opposed the Motion to Dismiss. They then
substituted Carlos Yeargen for Zarella Contractors, LLC as one of
the Petitioning Creditors in an attempt to overcome some of the
alleged deficiencies with the Involuntary Petition. The Court held
an evidentiary hearing on the Motion to Dismiss on August 21, 2018.
At the conclusion of the hearing, the Court granted the Motion to
Dismiss and gave the Parties time to brief the issue of the
Receiver's entitlement to damages in connection with the filing of
the Involuntary Petition. The Order Dismissing Involuntary
Bankruptcy Case and Temporarily Barring Further Involuntary
Petitions was entered on August 23, 2018. The Dismissal Order
barred each of the Petitioning Creditors from commencing or joining
in the commencement of, an involuntary bankruptcy case against the
Alleged Debtor until further Order of the Court.

The Petitioning Creditors filed the Motion to Vacate on August 31,
2018. Relying on Fed. R. Bankr. P. 9023, the Motion to Vacate
asserts that dismissal of this case was in error for three reasons:
(i) Trinity was authorized to join the Involuntary Petition because
it was in the process of winding up its affairs when it was filed;
(ii) if Trinity, as a forfeited Maryland Corporation, was not
authorized to join the Involuntary Petition, then it could not
qualify as a petitioning creditor under 11 U.S.C. section 303(b)
and could therefore, join the involuntary petition under section
303(c); and (iii) the Receiver failed to submit any evidence that
the Alleged Debtor had more than eleven creditors, therefore, the
Involuntary Petition could have been filed by less than three
petitioning creditors. The Petitioning Creditors argue that the
Court overlooked a controlling decision from this District that,
had it been considered by the Court, would have led to a different
result. The Motion to Vacate also asserts that the Court should
decline to award any damages to the Receiver and that the
Petitioning Creditors acted in good faith so the bar to refiling
should be vacated.

One of the Petitioning Creditors' arguments is that the Receiver
failed to submit any evidence that the Alleged Debtor had more than
eleven creditors, therefore, they assert that the Involuntary
Petition could have been filed by less than three petitioning
creditors. This argument is neither based on new facts nor a change
in controlling law so it could have been pursued when opposing the
Motion to Dismiss. Regardless, the Petitioning Creditors have
confused the burdens applicable to involuntary cases. Based on Rule
1003(b), the Petitioning Creditors assert that that the Receiver
had the burden of proving that the Alleged Debtor has twelve or
more creditors. There is no basis for this assertion. First, Rule
1003(b) was never invoked in this case because the Receiver never
filed an answer to the Involuntary Petition. Instead, it filed the
Motion to Dismiss as permitted by Fed. R. Bankr. P. 1011. Second,
even if an answer had been filed, the Involuntary Petition was
filed by three creditors so there was no requirement under Rule
1003(b) for the Receiver to provide a list of creditors. This
argument fails to warrant the extraordinary relief afforded by Rule
59(e).

The Court also holds that the Petitioning Creditors were forum
shopping when they filed the Involuntary Petition to stop the sale
of the Alleged Debtor's assets in the receivership case. The
Receiver also presented evidence that the delay in the sale
proceedings in the receivership case caused by the filing of the
Involuntary Petition was costly because the Receiver was expending
funds to pay security and insurance expenses to protect the
receivership estate's assets pending the sale of those assets.

For all of these reasons, the Court finds that the Motion to Vacate
fails to establish a basis to warrant the extraordinary remedy of
altering or amending the Dismissal Order under Rule 59(e).

A copy of the Court's Memorandum Opinion dated Oct. 31, 2018 is
available for free at:

      http://bankrupt.com/misc/mdb18-18061-78.pdf

Ft. Howard Development LLC is a real estate company based in
Germantown, Maryland.

Alleged creditors David L. Woody, David L. Woody, and Trinity
Protection Service, Inc. filed an involuntary chapter 11 petition
(Bankr. D. Md. Case No. 18-18061) on June 14, 2018.


FULLBEAUTY BRANDS: Moody's Cuts CFR to C & Alters Outlook to Stable
-------------------------------------------------------------------
Moody's Investors Service affirmed its Ca and C ratings for
FULLBEAUTY Brands Holdings Corp.'s first and second-lien senior
secured debt, respectively, following the deemed limited default by
virtue of a missed interest payment and subsequent expiration of
the allotted grace period without a payment being made on the
latter obligation. Moody's downgraded the company's former Ca and
Caa3-PD Corporate Family Rating and Probability of Default Rating
to C and C-PD/LD, respectively, acknowledging the default event and
reiterating its expectation of high loss severity (low recovery)
for creditors, notwithstanding reports of a coming consensual
out-of-court restructuring of the firm's obligations. The ratings
outlook is stable, with ratings now fully reflecting Moody's
anticipated recovery levels. Moody's noted that it will withdraw
all ratings for FULLBEAUTY following this rating action owing to a
lack of adequate financial information.

FULLBEAUTY Brands Holdings Corp. missed making an interest payment
on its second lien term loan and the grace period expired on
November 7, 2018. The company subsequently entered into forbearance
agreements with its asset-based and first-lien lenders and Moody's
expects -- as it has for some time given a fully levered balance
sheet and languishing operations -- that a restructuring of
FULLBEAUTY's debt will be forthcoming, now on an imminent basis.

The following ratings for FULLBEAUTY Brands Holdings Corp. have
been affirmed and will subsequently be withdrawn:

$820 million (about $786 million outstanding) Senior Secured
First-Lien Term Loan due 2022, at Ca (LGD4)
$345 million Senior Secured Second-Lien Term Loan due 2023, at C
(LGD6)

The following ratings for FULLBEAUTY Brands Holdings Corp. have
been downgraded and will subsequently be withdrawn:

Corporate Family Rating, to C from Ca

Probability of Default Rating, to C-PD /LD from Caa3-PD

Outlook actions:

Outlook, changed to stable from negative

RATINGS RATIONALE

FULLBEAUTY Brands Holdings Corp.'s ratings are constrained by the
company's deemed untenable capital structure owing to its
excessively high financial leverage. This is compounded by Moody's
expectation that the modest-sized and niche-oriented company's
operating performance remains weak and will be unable to generate
sufficient earnings to satisfy the heavy debt burden, particularly
given ongoing challenges that will continue to adversely affect
FULLBEAUTY's retail business. Moody's ratings fully incorporate an
eroding liquidity profile and a high likelihood of more wholesale
default and ensuing debt restructuring on an imminent basis.

The principal methodology used in these ratings was Retail Industry
published in May 2018.

Moody's has decided to withdraw the ratings because it believes it
has insufficient or otherwise inadequate information to support the
maintenance of the ratings.

Headquartered in New York, New York, FULLBEAUTY Brands Holdings
Corp. is a retailer specializing in the sale of plus-size apparel
nationally through its direct-to-consumer print media and
e-commerce websites. The company operates seven unique lifestyle
brands through its branded websites and print media -- including
Woman Within, Roaman's, Jessica London, Swimsuitsforall, King Size,
ellos, and BrylaneHome -- as well as an online marketplace,
fullbeauty.com. The company is majority-owned by Apax Partners LLP,
with Charlesbank Capital Partners owning approximately 25%.


GIGA-TRONICS INC: Incurs $282,000 Net Loss in Second Quarter
------------------------------------------------------------
Giga-Tronics Incorporated has filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting a
net loss of $282,000 on $2.68 million of total revenue for the
three months ended Sept. 29, 2018, compared to a net loss of $1.08
million on $2.24 million of total revenue for the three months
ended Sept. 30, 2017.

For the six months ended Sept. 29, 2018, the Company reported a net
loss of $569,000 on $5.73 million of total revenue compared to a
net loss of $2.33 million on $4.23 million of total revenue for the
six months ended Sept. 30, 2017.

As of Sept. 29, 2018, the Company had $6.40 million in total
assets, $4.87 million in total liabilities, and $1.52 million in
total shareholders' equity.

As of Sept. 29, 2018, Giga-tronics had $512,000 in cash and cash
equivalents, compared to $1.5 million as of March 31, 2018.  The
Company had working capital of $1.1 million at Sept. 29, 2018
compared to negative working capital of ($386,000) at March 31,
2018.  The current ratio (current assets divided by current
liabilities) at Sept. 29, 2018 was 1.25 compared to 0.95 at March
31, 2018.  The increase in working capital was primarily due to the
acceleration of revenue of $422,000, an increase in prepaids and
other current assets of $982,000, a decrease in inventories of $2.3
million, and a decrease in deferred revenue of $3.4 million all of
which resulted from the adoption of ASC 606 during the first six
months of fiscal 2019.

              Going Concern and Management's Plan

The Company incurred net losses of $569,000 in the first half of
fiscal 2019 and $3.1 million in fiscal year 2018.  These losses
have contributed to an accumulated deficit of $28.1 million as of
Sept. 29, 2018.  The Company used cash flow in operations totaling
$1.6 million and $1.6 million in the first two quarters of fiscal
2019 and 2018, respectively.  The Company has also experienced
delays in the development of features, receipt of orders, and
shipments for our new EW test system products.  These delays have
significantly contributed to its continued losses, liquidity
concerns and accumulated deficits.

The Company's EW test system products have shipped to several
customers, but potential delays in the refinement of features,
longer than anticipated sales cycles, or the ability to efficiently
manufacture its EW test system products, 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 Sept. 29, 2018, the line of credit had an
outstanding balance of $552,000, and additional borrowing capacity
of $463,000.

In April 2017, the Company entered into a $1.5 million loan
agreement with Partners For Growth, V L.P. to provide additional
cash to fund its operations.  As a result of experiencing continued
delays in receiving EW test system product orders in fiscal 2018,
the Company was unable to maintain compliance with certain
financial covenants required by the PFG loan and, as a result, were
subject to a default interest rate between June 2017 and March
2018.  On March 26, 2018, and concurrent with the execution of
certain stock purchase agreements for the sale of new Series E
Convertible Preferred Stock and conditional upon the sale of at
least $1.0 million in gross proceeds thereof, the Company and PFG
entered into a modification agreement which provided for the
restructuring of certain terms of the PFG loan including resetting
of the financial covenants for the remaining loan term.

In order to raise additional working capital and to restructure the
PFG loan, on March 26, 2018, the Company entered into a Securities
Purchase Agreement for the sale of 43,800 shares of a newly
designated series of 6.0% Series E Senior Convertible Voting
Perpetual Preferred Stock to approximately 15 private investors.
The purchase price for each Series E Share was $25.00.  Gross
proceeds received by the Company were approximately $1.095 million.
Net proceeds to the Company after fees and expenses of the
placement agent were approximately $1.0 million.  Each Series E
Share is initially convertible into common stock at the option of
the holder at the conversion price of $0.25 per share, which is
equivalent to 100 shares of the Company's common stock for each
Series E Share.  Between April 1, 2018 and Sept. 29, 2018, the
Company sold an additional 26,200 Series E shares for additional
gross proceeds of $655,000.

To assist with the upfront purchases of inventory required for
future product deliveries, the Company entered into advance payment
arrangements with certain customers, whereby the customers
reimburse the Company for raw material purchases prior to the
shipment of the finished products.  The Company will continue to
seek similar terms in future agreements with these customers and
other customers.

According to Giga-Tronics, "Management will continue to review all
aspects of its business including, but not limited to, the
contribution of its individual business segments, in an effort to
improve cash flow and reduce costs and expenses, while continuing
to invest, to the extent possible, in new product development for
future revenue streams.

"Management will also continue to seek additional working capital
and liquidity through debt (including debt refinancing), equity
financing or possible product line sales or cessation of
unprofitable business product lines, however there are no
assurances that such financings or product line sales will be
available at all, or on terms acceptable to the Company.

"Our historical operating results and forecasting uncertainties
indicate that substantial doubt exists related to our ability to
continue as a going concern.  Management believes that through the
actions to date and possible future actions described above, we
should have the necessary liquidity to continue operations at least
twelve months from the issuance of the financial statements.
However, we cannot predict, with certainty, the outcome of our
actions to maintain or generate additional liquidity, including the
availability of additional financing, or whether such actions would
generate the expected liquidity as currently planned. Forecasting
uncertainties also exist with respect to our EW test system product
line due to the potential longer than anticipated sales cycles, as
well as with potential delays in the refinement of certain features
or requisition of certain components and/or our ability to
efficiently manufacture it in a timely manner."

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

                       https://is.gd/0slSaf

                        About Giga-tronics

Headquartered in Dublin, California, Giga-tronics Incorporated is a
publicly held company, traded on the OTCQB Capital Market under the
symbol "GIGA", which produces an Advanced Signal Generator (ASG)
and an Advanced Signal Analyzer (ASA) for the electronic warfare
market and YIG (Yttrium, Iron, Garnet) RADAR filters used in
fighter jet aircraft.

Giga-Tronics reported a net loss of $3.10 million for the year
ended March 31, 2018, compared to a net loss of $1.54 million for
the year ended March 25, 2017.  As of June 30, 2018, the Company
had $6.37 million in total assets, $5.07 million in total
liabilities and $1.29 million in total shareholders' equity.

Armanino LLP's opinion included in the Company's Annual Report on
Form 10-K for the year ended March 31, 2018 contains a going
concern explanatory paragraph stating that the Company's
significant recurring losses and accumulated deficit raise
substantial doubt about its ability to continue as a going concern.


GLADYS SMITH: Trustee Taps EisnerAmper as Accountant
----------------------------------------------------
Yann Geron, the Chapter 11 trustee for Gladys Smith, Inc., received
approval from the U.S. Bankruptcy Court for the Southern District
of New York to hire EisnerAmper LLP as its accountant.

The firm will prepare and file the Debtor's final tax returns for a
flat fee of $6,000.  

David Ringer, a partner at EisnerAmper, disclosed in a court filing
that he and other members of the firm are "disinterested" as
defined in section 101(14) of the Bankruptcy Code.

EisnerAmper can be reached through:

     David Ringer
     EisnerAmper LLP
     750 Third Avenue
     New York, NY 10017
     Phone: 212.891.4092 / 212.949.8700

                      About Gladys Smith

Based in New York City, New York, Gladys Smith, Inc. dba Webb Plaza
Development Enterprises filed for chapter 11 bankruptcy protection
(Bankr. S.D.N.Y. Case No. 13-10989) on April 1, 2013, with
scheduled assets at $3,703,000 and scheduled liabilities at
$2,541,809.  The petition was signed by Gladys Smith, president.

Judge Shelley C. Chapman presides over the case.

Yann Geron was appointed Chapter 11 trustee in the Debtor's case.
The Trustee retained Reitler Kailas & Rosenblatt LLC as his legal
counsel.


GLEN HALVORSON: Taps Goodman & Goodman as Legal Counsel
-------------------------------------------------------
Glen Halvorson, MD PLLC received approval from the U.S. Bankruptcy
Court for the District of Arizona to hire Goodman & Goodman, PLC as
its legal counsel.

The firm will represent the Debtor in negotiation with its
creditors; assist in the preparation of a plan of reorganization;
and provide other legal services related to its Chapter 11 case.

Goodman received a retainer of $9,000, which was used to pay the
filing fee and the firm's pre-bankruptcy fees.

The firm is "disinterested" as defined in section 101(14) of the
Bankruptcy Code, according to court filings.

Goodman can be reached through:

     Bryan W. Goodman, Esq.
     Goodman & Goodman, PLC
     7473 E. Tanque Verde Road
     Tucson, AZ 85715
     Telephone: 520-886-5631
     Email: bwg@goodmanadvisor.com

                   About Glen Halvorson MD PLLC

Glen Halvorson, MD PLLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 18-13508) on November 2,
2018.  At the time of the filing, the Debtor estimated assets of
less than $50,000 and liabilities of less than $500,000.  The
Debtor tapped Goodman & Goodman, PLC as its legal counsel.


GLOBAL HEALTHCARE: Abbeville Facility Complies with LT Care Rqmts.
------------------------------------------------------------------
For the Company's property located in Abbeville, GA, Global
Healthcare REIT, Inc., previously entered into a management
agreement with Cadence Healthcare Solutions, LLC to operate the
facility after expending approximately $1.0 million in capital
improvements.  As part of the management agreement, the Company is
responsible for funding the working capital deficits.

The Abbeville facility passed its licensure survey and began
admitting patients in June 2018 to begin the process to procure
Medicare and Medicaid certification.  On Nov. 6, 2018, the facility
received notification that it is substantial compliance with the
long-term care requirements and was certified effective Oct. 12,
2018.  The Company expects the facility to receive its Medicare and
Medicaid billing numbers within the next 45 days, at which point,
the facility will bill for care provided dating back to its
certification date.  The Company expects the collection of revenues
to substantially mitigate the facility's current working capital
deficits.  However, the facility needs to grow its census
meaningfully to begin generating profits.

                     About Global Healthcare

Greenwood Village, Colorado-based Global Healthcare REIT, Inc.,
acquires, develops, leases, manages and disposes of healthcare real
estate, and provides financing to healthcare providers.  As of Dec.
31, 2017, the Company owned nine healthcare properties which are
leased to third-party operators under triple-net operating terms.

Global Healthcare incurred a net loss of $3 million for the year
ended Dec. 31, 2017, compared to a net loss of $1.29 million for
the year ended Dec. 31, 2016.  As of June 30, 2018, the Company had
$38.19 million in total assets, $36.45 million in total liabilities
and $1.74 million in total equity.

MaloneBailey, LLP's audit opinion included in the company's annual
report on Form 10-K for the year ended Dec. 31, 2017, contains a
going concern explanatory paragraph stating that the Company has
suffered recurring losses from operations and has a net capital
deficiency that raise substantial doubt about its ability to
continue as a going concern.


GNC HOLDINGS: Incurs $8.59 Million Net Loss in Third Quarter
------------------------------------------------------------
GNC Holdings, Inc. has filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $8.59 million on $580.18 million of revenue for the three months
ended Sept. 30, 2018, compared to net income of $21.05 million on
$612.95 million of revenue for the same period a year ago.

For the nine months ended Sept. 30, 2018, the Company reported net
income of $10.94 million on $1.80 billion of revenue compared to
net income of $62.44 million on $1.91 billion of revenue for the
nine months ended Sept. 30, 2017.

As of Sept. 30, 2018, the Company had $1.47 billion in total
assets, $1.65 billion in total liabilities and a total
stockholders' deficit of $170.68 million.

The Company also announced the completion of the funding of a $100
million investment by Harbin Pharmaceutical Group Co., Ltd. in GNC.
GNC has issued 100,000 shares of convertible preferred stock to
Harbin in connection with the funding of the first tranche of the
previously announced $300 million strategic investment in GNC by
Harbin.  Harbin has agreed to fund an additional $50 million
investment by Dec. 28, 2018 and the final tranche of approximately
$150 million by Feb. 13, 2019.  GNC and Harbin will complete the
formation of their previously announced joint ventures in Hong Kong
and China upon the funding of the final tranche of Harbin's
investment in GNC.

"During the third quarter, although our comparable same store sales
were softer than Q2, we demonstrated our ability to respond to
market dynamics and drive sales improvements progressively as we
moved through the quarter," said Ken Martindale, GNC's chairman and
CEO.  "With the finalized terms of our partnership with Harbin, we
have completed the first important step in strengthening our
capital structure and accelerating our expansion in China.  Moving
forward we are focusing on continuing the strategy of repositioning
our business and executing our strategic plan."

Zhang Zhenping, Chairman of Harbin, commented, "This partnership
will enable us to leverage Harbin's leadership position in China to
accelerate GNC's growth and expansion and deliver GNC products and
solutions to millions."

Key Updates

  * As the Company focuses on optimizing profitability, it   
    performed a detailed review of its store portfolio and
    identified approximately 700-900 stores in the U.S. and Canada
    that will be closed within the next three years at the
    end of their lease terms.  This review also identified other
    stores in which the Company is considering alternatives such
    as seeking lower rent or a shorter term.

  * The International segment continued to grow with an increase
    in sales of 6.1%, driven by 1.5% same store sales for the
    Company's franchise business.

  * At the end of September, the Company launched the nature-
    inspired Earth Genius product line that spans multiple
    categories and TamaFlex, an exclusive blend of botanicals
    proven effective for joint health.

  * GNC brand mix for domestic system-wide sales increased to 52%
    compared with 45% in the third quarter of 2017, and 50% in the

    second quarter of 2018.

  * Increase in loyalty membership of 10.7% in the current quarter

    compared to June 30, 2018; now 16.2 million members, including

    approximately 1.0 million members enrolled in PRO Access.

                  Segment Operating Performance

U.S. & Canada

Revenues in the U.S. and Canada segment decreased $15.9 million, or
3.2%, to $476.5 million for the three months ended Sept. 30, 2018
compared with $492.4 million in the prior year quarter.  E-commerce
sales were 7.2% of U.S. and Canada revenue for the three months
ended Sept. 30, 2018 compared with 6.2% in the prior year quarter.

The decrease in revenue compared with the prior year quarter was
primarily due to the impact of company-owned net store closures,
which contributed an approximate $9 million decrease in revenue,
and negative same store sales of 2.1%, which resulted in a revenue
decrease of $7.7 million.  In addition, domestic franchise revenue
declined $3.6 million due to a decrease in retail same store sales
as well as a reduction in the number of franchise stores. Partially
offsetting the above decreases was an increase of $7.5 million
relating to the Company's loyalty programs; PRO Access paid
membership fees and the myGNC Rewards change in deferred points
liability.
   
Operating income decreased $20.4 million to $11.5 million, or 2.4%
of segment revenue, for the three months ended Sept. 30, 2018
compared with $31.9 million, or 6.5% of segment revenue, for the
same period in 2017.  In the current quarter the Company recorded
long-lived asset impairment and other store closing charges
totaling $14.6 million, and in the prior year quarter the Company
recorded long-lived asset impairment charges of $3.9 million.
Excluding these items and immaterial gains on refranchising in the
current quarter and prior year quarter, operating income was $26.0
million, or 5.5% of segment revenue, in the current quarter,
compared with $35.6 million, or 7.2% of segment revenue, in the
prior year quarter.  The decrease in operating income percentage
was primarily due to lower domestic retail product margin rate as a
result of adjustments to promotional pricing in response to the
competitive environment in the early portion of the quarter, lower
vendor funding and impacts from the new loyalty program, partially
offset by a higher sales mix of proprietary product which
contribute higher margins relative to third-party sales.

International

Revenues in the International segment increased $2.9 million, or
6.1%, to $51.4 million for the three months ended Sept. 30, 2018
compared with $48.5 million in the prior year quarter primarily due
to an increase in sales to its international franchisees of $3.9
million with an increase in same store sales of 1.5%.

Operating income increased $0.3 million to $16.5 million, or 32.0%
of segment revenue, for the three months ended Sept. 30, 2018
compared with $16.2 million, or 33.4% of segment revenue for the
same period in 2017.  Excluding joint venture start-up costs of
$1.0 million in the current quarter, of which $0.6 million related
to costs incurred in the first six months of 2018 within corporate
costs and was reclassified to International in the current quarter,
operating income was $17.4 million, or 33.9% of segment revenue,
compared with $16.2 million, or 33.4% of segment revenue, in the
prior year quarter.  The increase in operating income percentage
was primarily due to a higher mix of franchise sales, which
contribute higher margins relative to China sales.

Manufacturing / Wholesale

Revenues in the Manufacturing / Wholesale segment, excluding
intersegment sales, increased $1.0 million, or 1.9%, to $52.3
million for the three months ended Sept. 30, 2018 compared with
$51.3 million in the prior year quarter primarily due to an
increase of $1.9 million in third-party contract manufacturing
sales. Intersegment sales increased $5.7 million reflecting the
Company's increasing focus on proprietary products.

Operating income decreased $2.3 million, or 12.0%, to $16.9 million
for the three months ended Sept. 30, 2018 compared with $19.2
million in the prior year quarter.  Operating income as a
percentage of segment revenue decreased from 17.5% in the prior
year quarter to 14.5% in the current quarter primarily due to a
lower margin rate from third-party contract manufacturing,
partially offset by higher intersegment sales, which contribute
higher margins.

Year-to-Date Performance

For the nine months ended Sept. 30, 2018, the Company reported
consolidated revenue of $1,805.7 million, a decrease of $112.4
million compared with consolidated revenue of $1,918.1 million for
the same period in 2017.  Revenue in the prior year period includes
$66.2 million from Lucky Vitamin, which was sold on
Sept. 30, 2017, and $23.0 million recognition of deferred revenue
related to the U.S. Gold Card Member Pricing program, which was
terminated in December 2016.

Same store sales decreased 0.6% in domestic company-owned stores
(including GNC.com sales) for the first nine months of 2018, and
excluding the impact of loyalty points redeemed same store sales
increased 0.8%.  In domestic franchise locations, same store sales
decreased 3.3%.

For the nine months ended Sept. 30, 2018, the Company reported net
income of $10.9 million and EPS of $0.13 compared with net income
of $62.4 million and EPS of $0.91 for the nine months ended Sept.
30, 2017.  Excluding the expenses outlined in the table below,
adjusted EPS was $0.47 and $1.12 for the nine months ended
Sept. 30, 2018 and 2017, respectively.

                 Cash Flow and Liquidity Metrics

For the nine months ended Sept. 30, 2018, the Company generated net
cash from operating activities of $55.7 million compared with
$149.6 million for the nine months ended Sept. 30, 2017.  The
decrease was primarily due to the comparative effect of a $48.8
million inventory reduction in the prior year period as part of the
Company's supply chain optimization which was launched at the end
of 2016.  The remaining decrease was primarily related to reduced
operating performance, the refinancing of the long-term debt, which
resulted in $16.3 million in fees paid to third-parties and higher
interest payments, partially offset by lower tax payments.

For the nine months ended Sept. 30, 2018, the Company generated
$60.6 million in free cash flow, compared with $124.8 million for
the nine months ended Sept. 30, 2017.  The Company defines free
cash flow as cash provided by operating activities (excluding fees
relating to the debt refinancing) less cash used in investing
activities.  At Sept. 30, 2018, the Company's cash and cash
equivalents were $33.3 million and debt was $1.2 billion.  No
borrowings were outstanding on the Revolving Credit Facility.

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

                         https://is.gd/rSVfaZ

                          About GNC Holdings
  
GNC Holdings, Inc., headquartered in Pittsburgh, PA, is a global
specialty health, wellness and performance retailer.  GNC connects
customers to their best selves by offering an assortment of health,
wellness and performance products, including protein, performance
supplements, weight management supplements, vitamins, herbs and
greens, wellness supplements, health and beauty, food and drink and
other general merchandise.  This assortment features proprietary
GNC and nationally recognized third-party brands.  GNC's
diversified, multi-channel business model generates revenue from
product sales through company-owned retail stores, domestic and
international franchise activities, third-party contract
manufacturing, e-commerce and corporate partnerships.  As of Sept.
30, 2018, GNC had approximately 8,500 locations, of which
approximately 6,400 retail locations are in the United States
(including approximately 2,200 Rite Aid franchise
store-within-a-store locations) and franchise operations in
approximately 50 countries.

GNC Holdings incurred a net loss of $148.9 million in 2017 and a
net loss of $286.3 million in 2016.  As of June 30, 2018, GNC
Holdings had $1.49 billion in total assets, $1.66 billion in total
liabilities and a $166.05 million total stockholders' deficit.

                          *    *    *

In February 2018, S&P Global Ratings raised its corporate credit
rating on the Pittsburgh, Pa.-based vitamin and supplement retailer
GNC Holdings Inc. to 'CCC+' from 'SD'.  S&P also placed all ratings
on CreditWatch with negative implications.  "The upgrade reflects
our view that GNC's maturity profile will improve upon completion
of the proposed refinancing transactions," S&P said, as reported by
the TCR on Feb. 16, 2018.


GOLDEN STATE: Trustee Taps O'Connor's to Appeal Property Appraisal
------------------------------------------------------------------
John Akard Jr., the Chapter 11 trustee for Golden State Holdings,
Inc., seeks approval from the U.S. Bankruptcy Court for the
Southern District of Texas to hire a property tax consulting firm.

The trustee proposes to employ O'Connor's and Associates to appeal
the appraised value of its shopping center located at 1419 Stuebner
Airline Road, Houston, Texas.

The Harris County Appraisal District in April appraised the
property at $1,029,491, which is "significantly higher" than the
offers received by the trustee to purchase the property, according
to court filings.

The fee for the firm's services is $1,990.95.

O'Connor's and its agents do not represent any interest adverse to
the trustee or the Debtor's bankruptcy estate, according to court
filings.

The firm maintains an office at:

     O'Connor's and Associates
     2200 North Loop West, Suite 200
     Houston, TX 77018
     Tel: 713-369-5957
     Fax: 713-686-3377

                  About Golden State Holdings

Golden State Holdings, Inc. filed for Chapter 11 bankruptcy
protection (Bankr. S.D. Tex. Case No. 14-36650) on Dec. 1, 2014,
and was represented by Alex Olmedo Acosta, Esq. of Acosta Law, P.C.
Judge Marvin Isgur presides over the case.

John Akard Jr., was appointed as the Chapter 11 Trustee on Jan. 13,
2015.


GRIER BROS: $2,004 Monthly Payment for Unsecureds at 3.25% Interest
-------------------------------------------------------------------
Grier Bros. Enterprises, Inc., filed with the U.S. Bankruptcy Court
for the Northern District of Georgia its first amended and restated
disclosure statement for its plan of reorganization dated Nov. 2,
2018.

Class 5 under the latest plan consists of the general unsecured
creditors. While the Debtor is in the process of reviewing
potential Class 5 Claims and specifically reserves the right to
object to the allowance of any claim, the Debtor has identified the
Internal Revenue Service with a claim of $85,842.01, Atlanta
Commercial Tire with a claim of $9,000, and Alvin U. Rhodes with
the claim of $25,000 as potential Holders of Class 5 Claims with
Claims in the aggregate amount of $119,842.01.

The debtor will pay the Class 5 Claims as follows: The balance of
the Class 5 Claims will accrue interest at the rate of 3.25% per
annum. Beginning on the Effective Date, Debtor will make principal
and interest payments to the Holders of Allowed Class 5 Claims
based upon a 60-month amortization schedule. The total monthly
payment amount of the Class 5 Claims is $2,004 to be distributed
pro rata to the Holders of Allowed Class 5 Claims. Debtor will
continue to make principal and interest payments on the 15th day of
each month through and including the 60th month following the
Effective Date. On the 15th day of the 60th month following the
Effective Date, Debtor will make a balloon payment of any accrued
but unpaid interest as well as any remaining principal balance
outstanding on the Class 5 Claims. There will be no pre-payment
penalty. Based on the Claims identified, the Debtor anticipates or
projects that the total Class 5 distribution will equal $120,241
and that such aggregate distribution will represent a distribution
(dividend) on the outstanding Class 5 Claims in excess of 100%.

A copy of the First Amended Disclosure Statement is available for
free at:
      
     http://bankrupt.com/misc/ganb17-56817-127.pdf

             About Grier Bros. Enterprises, Inc.

Based in Atlanta, Georgia, Grier Bros. Enterprises, Inc., provides
trucking or transfer services.  Grier Bros. Enterprises sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Ga.
Case No. 17-56817) on April 13, 2017. The petition was signed by
Wayne Grier, president.  The Debtor estimated its assets and debts
at $1 million to $10 million.  Herbert C. Broadfoot, II, Esq., at
Herbert C. Broadfoot II, PC, serves as the Debtor's bankruptcy
counsel.


HAUSER ESTATE: Trustee Taps Ronan Group as Accountant
-----------------------------------------------------
John Neblett, the Chapter 11 trustee for Hauser Estate Inc., seeks
approval from the U.S. Bankruptcy Court for the Middle District of
Pennsylvania to hire an accountant.

The trustee proposes to employ The Ronan Group, P.C., to undertake
various accounting and bookkeeping tasks.   

William Kocher, the accountant employed with Ronan Group who will
be providing the services, disclosed in a court filing that he and
his firm do not represent any interest adverse to the trustee and
the Debtor's bankruptcy estate.

Ronan Group can be reached through:

     William L. Kocher
     The Ronan Group, P.C.
     724 South Atherton Street
     State College, PA 16801
     Phone: (814)-237-2009
     Fax: (877)-427-5191
     Email: info@ronangroup.com

                        About Hauser Estate

Hauser Estate, Inc. -- http://www.hauserestate.com/-- is a
beverage manufacturing company based in Gettysburg, Pennsylvania.
It has been established as an alternative agri-tourism venture with
an underground winery production facility located beneath its
tasting room.

Hauser Estate sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Pa. Case No. 18-03201) on July 31, 2018.  In the
petition signed by Jonathan Patrono, president, the Debtor
disclosed $4,953,085 in assets and $5,679,837 in liabilities.
Judge Robert N. Opel II presides over the case.  The Debtor tapped
CGA Law Firm as its legal counsel.

John Neblett was appointed Chapter 11 trustee in the Debtor's
bankruptcy case.


HOUSTON REGIONAL: Court Reopens Evidentiary Record on Remand
------------------------------------------------------------
Bankruptcy Judge Marvin Isgur addresses the issue on whether the
Court may, must, or may not reopen the evidentiary record on
remand. Houston SportsNet Finance, LLC ("Comcast Lender") argues
that the Court may but should refrain from reopening the
evidentiary record on remand because doing so would amount to legal
error. Comcast posits that the Court's sole task on remand is a
mathematical exercise from which the Court can use previously
introduced evidence, obviating the need for further evidence.
Houston Sports Regional Network, L.P argues that the Fifth
Circuit's mandate requires a reopening of the record in order to
properly re-valuate the collateral at issue -- Comcast's
Affiliation Agreement -- in light of the proposed Plan of
Reorganization.

Upon careful consideration, Judge Isgur finds that the Court has
the discretion to reopen the evidentiary record on remand. The
record will be reopened.

When the Fifth Circuit remanded the case, it indicated that it did
so for a "re-valuation of the collateral in light of the Plan." The
parties have interpreted this language differently. Comcast argues
that reopening the record "for either of the reasons suggested by
the Teams would amount to legal error." The Network, on the other
hand, maintains that the Court's mandate as directed by the Fifth
Circuit, is to hold a "new valuation with a new hearing," which
requires reopening the evidentiary record.

The Court holds that it has discretion to reopen the evidentiary
record on remand. The Fifth Circuit declined Comcast's invitation
to hold that the issue could be resolved with a simple mathematical
calculation based on the existing record; this Court will not
substitute its judgment for that of the Fifth Circuit. Accordingly,
the record will be reopened to allow this Court to implement the
Fifth Circuit's mandate.

The Court here is not deviating from the Fifth Circuit's ruling,
nor is the Fifth Circuit's holding so narrow that it precludes this
Court from exercising discretion in reopening the record. In its
ruling, the Fifth Circuit left open the method by which this Court
was to conduct its re-valuation of the collateral in light of the
Plan. As Comcast stated, "[T]he most natural inference to be drawn"
from the Fifth Circuit's remand "is that the Court of Appeals was
leaving it to this Court to decide in the first instance whether
there was anything left to do and, if so, what ought to be done."
As such, the mandate rule should not now as act as a limit on the
Court's judicial discretion.

In any event, the Court declines to reach beyond the question at
issue--whether this
Court may, must, or may not reopen the record. The Fifth Circuit
has tasked this Court with a revaluation of the collateral in light
of the Plan. It provides no further instructions other than the
directive. Inherent in the Fifth Circuit's mandate is further
consideration of the Affiliation Agreement's value, taking into
consideration the collateral's "proposed used or disposition" as
required under Section 506(a). In light of the directive, the Court
will exercise its judicial discretion to reopen the evidentiary
record to determine value. The scope of the evidentiary record need
not be decided at the outset.

A copy of the Court's Memorandum Opinion dated Nov. 2, 2018 is
available at:

     http://bankrupt.com/misc/txsb13-35998-1053.pdf

                 About Houston Regional

Houston Regional Sports Network is a joint enterprise among
affiliates of the Houston Astros baseball team, the Houston
Rockets
basketball team, and Houston SportsNet Holdings, LLC -- "Comcast
Owner" -- an affiliate of Comcast Corporation.  The Network has
three limited partners -- Comcast Owner, Rockets Partner, L.P.,
and
Astros HRSN LP Holdings LLC.  The primary purpose of Houston
Regional Sports Network is to create and operate a regional sports
programming service that produces, exhibits, and distributes
sports
programming on a full-time basis, including live Astros and
Rockets
games within the league-permitted local territories.

An involuntary Chapter 11 bankruptcy petition was filed against
Houston Regional Sports Network, L.P. d/b/a Comcast SportsNet
Houston (Bankr. S.D. Tex. Case No. 13-35998) on Sept. 27, 2013.

The involuntary filing was launched by three units of Comcast/NBC
Universal and a television-related company.  The petitioners are:
Houston SportsNet Finance LLC, Comcast Sports Management Services
LLC, National Digital Television Center LLC, and Comcast SportsNet
California, LLC.

The petitioning creditors asked the Bankruptcy Judge to appoint an
independent Chapter 11 trustee "to conduct a fair and open auction
process for the Network's business assets on a going concern
basis."

Counsel for the petitioning creditors are Howard M. Shapiro, Esq.,
at Wilmer Cutler Pickering Hale and Dorr LLP; George W. Shuster,
Jr., Esq., at Wilmer Cutler Pickering Hale and Dorr LLP; Vincent
P.
Slusher, Esq., at DLA Piper; and Arthur J. Burke, Esq., at Davis
Polk & Wardwell LLP.

Judge Marvin Isgur presides over the case.

The Network was officially placed into Chapter 11 bankruptcy
pursuant to a Feb. 7 Order for Relief.  It won approval to hire
Haynes and Boone, Charles A. Beckham, Jr., Esq., Henry Flores,
Esq., Abigail Ottmers, Esq., and Christopher L. Castillo, Esq., as
counsel.  It also hired Conway MacKenzie, Inc., as financial
advisor.

Harry Perrin, Esq., represented Astros owner Jim Crane.  Alan
Gover, Esq., represents the Rockets.

The Astros were represented by Richard B. Drubel, Esq., Colleen A.
Harrison, Esq., and Jonathan R. Voegele, Esq., at Boies, Schiller
&
Flexner LLP, in Hanover, NH; and Scott E. Gant, Esq., at Boies,
Schiller & Flexner in Washington, DC.  Comcast Corporation and
NBCUniversal Media, LLC, are represented by Vincent P. Slusher,
Esq., Eli Burriss, Esq., Andrew Mayo, Esq., and Andrew Zollinger,
Esq., at DLA Piper; Arthur J. Burke, Esq., Timothy Graulich, Esq.,
and Dana M. Seshens, Esq., at Davis Polk & Wardwell LLP; and
Howard
M. Shapiro, Esq., and Craig Goldblatt, Esq., at Wilmer Cutler
Pickering Hale and Dorr LLP.  Attorney for McLane Champions, LLC,
and R. Drayton McLane, Jr., are Wayne Fisher, Esq., at Fisher Boyd
& Huguenard, LLP.

On Oct. 30, 2014, Bankruptcy Judge Marvin Isgur approved the
restructuring plan that hands control of Comcast SportsNet Houston
to DirecTV and AT&T Inc.  The plan would shut down the network and
then relaunch it under the name Root Sports Houston.


ICONIX BRAND: Posts $20.2 Million Net Income in Third Quarter
-------------------------------------------------------------
Iconix Brand Group, Inc., has filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting net
income attributable to the Company of $20.22 million on $46.22
million of licensing revenue for the three months ended Sept. 30,
2018, compared to a net loss attributable to the Company of $552.70
million on $53.16 million of licensing revenue for the same period
during the prior year.

For the nine months ended Sept. 30, 2018, the Company reported a
net loss attributable to the Company of $31.44 million on $144.98
million on $513.33 million on $173.53 million of licensing revenue
for the same period during the prior year.

As of Sept. 30, 2018, the Company had $711.28 million in total
assets, $751.55 million in total liabilities, $34.64 million in
redeemable non-controlling interest, and a total stockholders'
deficit of $74.90 million.

Total SG&A expenses in the third quarter of 2018 were $30.2
million, a 40% increase compared to $21.5 million in the third
quarter of 2017.  Included in these expenses was an $8.2 million
bad debt expense as a result of the Sears bankruptcy filing.
Excluding this bad debt expense, SG&A expenses were up 2% in the
third quarter of 2018 as compared to the third quarter of 2017.  In
the third quarter of 2018, advertising expense increased 56% as
compared to the third quarter of 2017 as result of increases in
marketing spend for the Buffalo, Starter and Umbro brands.  Stock
based compensation was a benefit of $1.6 million in the third
quarter of 2018 as compared to a benefit of $0.9 million in the
third quarter of 2017.

In the third quarter of 2018, the Company recorded a non-cash
trademark impairment charge of $4.4 million in the Womens segment
related to a write-down in the Joe Boxer trademark as compared to
$521.7 million in the third quarter of 2017, comprised of $227.6
million in the Womens segment, $135.9 million in the Mens segment,
$69.5 million in the Home segment and $88.7 million in the
International segment, to reduce various trademarks in those
segments to fair value.  The Company also recorded a non-cash
goodwill impairment charge of $103.9 million in the third quarter
of 2017 due to impairment of goodwill in the Womens segment, Mens
segment and Home segment of $73.9 million, $1.5 million and $28.4
million, respectively, of which there was no comparable amount in
the third quarter of 2018.

Operating income for the third quarter of 2018 was $12.1 million,
as compared to operating loss of $595.9 million in the third
quarter of 2017.  Operating income in the third quarter of 2018
included trademark impairments of $4.4 million and special charges
of $1.8 million.  Operating loss in the third quarter of 2017
included trademark and goodwill impairments of $625.5 million,
special charges of $2.4 million, a loss on termination of licenses
of $2.8 million and gain on sale of trademarks of $0.9 million.
When excluding these items, adjusted operating income was $18.3
million and $33.9 million in the third quarter of 2018 and the
third quarter of 2017, respectively, and adjusted operating margin
was 40% and 64% in the third quarter of 2018 and the third quarter
of 2017, respectively.  Operating loss in the third quarter of 2018
includes a $8.2 million bad debt expense as a result of the Sears
bankruptcy filing.

Operating loss for the nine months ended Sept. 30, 2018 was $66.9
million, as compared to operating loss of $546.4 million in the
nine months ended Sept. 30, 2017.  Operating loss in the nine
months ended September 30, 2018 included goodwill and trademark
impairments of $115.5 million, special charges of $7.2 million,
costs associated with recent debt financings of $8.3 million, a
loss on termination of licenses of $5.7 million and gain on sale of
trademarks of $1.3 million.  Operating loss in the nine months
ended Sept. 30, 2017 included goodwill and trademark impairments of
$625.5 million, special charges of $7.1 million, loss on
termination of licenses of $26.0 million, a gain on sale of
trademarks of $0.9 million, and a gain on deconsolidation of joint
venture of $3.8 million.  When excluding these items, adjusted
operating income was $68.5 million and $107.6 million in the nine
months ended Sept. 30, 2018 and the nine months ended Sept. 30,
2017, respectively, and adjusted operating margin was 47% and 62%,
respectively.

Interest expense in the third quarter of 2018 was $14.9 million, as
compared to interest expense of $16.9 million in the third quarter
of 2017.

In the third quarter of 2018, the Company recognized a $17.2
million gain resulting from the Company's accounting for the 5.75%
Convertible Notes which requires recording the fair value of this
debt at the end of each period with any change from the prior
period accounted for as other income or loss in the current
period's income statement.  Additionally, in the third quarter of
2018, the Company acquired an additional 5% interest of its Iconix
Australia joint venture and as a result, recognized a $8.4 million
pre-tax non-cash gain on the remeasurement of the Company's initial
investment.  In the third quarter of 2017, the Company recognized a
$2.7 million gain related to a payment received from the sale of
its minority interest in Complex Media in 2016 and recognized a
$1.5 million expense related to the repurchase of a portion of the
Company's 1.50% convertible notes, of which there was no comparable
amount for the third quarter of 2018.  The Company has excluded
these amounts from its non-GAAP results.    

Bob Galvin, CEO commented, "Our results for the quarter were
negatively impacted by the Sears bankruptcy filing which resulted
in P&L charges, however, we continue to forecast debt covenant
compliance.  While the domestic business did not see the progress
we had hoped for, our international business continued its
profitable growth.  We are critically evaluating our operational
cost structure to ensure it is aligned with our current level of
business and near term plans."

2018 Guidance:

Primarily as a result of the Sears Holdings Corporation bankruptcy
filing on Oct. 15, 2018, the Company is lowering full year guidance
as follows:

  * Full year revenue guidance lowered to $185 million - $195
    million, down from $190 million to $220 million.

  * GAAP net income guidance lowered to a loss of approximately
    $105 million - $115 million, from $94.4 million to $104.4
    million.

  * Full year non-GAAP net income guidance lowered to $5 million -

    $15 million, down from $20 million to $30 million

  * Full year free cash flow guidance lowered to $40 million - $50

    million, down from $50 million to $70 million

It should be noted that GAAP net income will be affected by
non-cash adjustments to fair value from the Company's 5.75%
Convertible Notes.  Such periodic adjustments to fair value cannot
be estimated in advance and thus are not taken into account in
guidance.

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

                      https://is.gd/7IaRwk

                       About Iconix Brand

Broadway, New York-based Iconix Brand Group, Inc. --
http://www.iconixbrand.com/-- is a brand management company and
owner of a diversified portfolio of over 30 global consumer brands
across the women's, men's, entertainment, home and international
segments.  The Company's business strategy is to maximize the value
of its brands primarily through strategic licenses and joint
venture partnerships around the world, as well as to grow the
portfolio of brands through strategic acquisitions.  Iconix Brand
owns, licenses and markets a portfolio of consumer brands
including: Candie's, Bongo, Joe Boxer, Rampage, Mudd, London Fog,
Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc
Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter,
Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee
Cooper, and Artful Dodger; and interests in Material Girl, Ed
Hardy, Truth or Dare, Modern Amusement, Buffalo, Hydraulic, and
PONY.

Iconix Brand incurred a net loss attributable to the Company of
$489.3 million in 2017, a net loss attributable to the Company of
$252.1 million in 2016 and a net loss attributable to the Company
of $186.5 million in 2015.  As of June 30, 2018, Iconix Brand had
$730.2 million in total assets, $795.19 million in total
liabilities, $29.29 million in redeemable non-controlling interest
and a total stockholders' deficit of $94.30 million.

The Company stated in its 2017 Annual Report that due to certain
developments, including the decision by Target Corporation not to
renew the existing Mossimo license agreement following its
expiration in October 2018 and by Walmart, Inc. not to renew the
existing Danskin Now license agreement following its expiration in
January 2019, and the Company's revised forecasted future earnings,
the Company forecasted that it would unlikely be in compliance with
certain of its financial debt covenants in 2018 and that it may
otherwise face possible liquidity challenges in 2018.  The Company
said these factors raised substantial doubt about its ability to
continue as a going concern.  The Company's ability to continue as
a going concern is dependent on its ability to raise additional
capital and implement its business plan.


ICONIX BRAND: Will File Amended First Quarter Form 10-Q
-------------------------------------------------------
On Nov. 8, 2018, Iconix Brand Group, Inc. concluded that the
Company's previously issued unaudited financial statements for the
three months ended March 31, 2018 contained in Iconix's quarterly
report on Form 10-Q for the quarterly period ended March 31, 2018
filed with the Securities and Exchange Commission on May 10, 2018
should no longer be relied upon because of a material error
contained within such financial statements.  On Nov. 9, 2018, the
audit committee of the Board of Directors of the Company concluded
that such recommendation of the Company's management is
appropriate.

Subsequent to the issuance of the First Quarter Financial
Statements, Iconix determined that the calculation of diluted
earnings per share included therein did not reflect the dilutive
impact of the potential conversion of the Company's 5.75%
convertible senior subordinated notes due August 2023.  In
accordance with Accounting Standards Codification 260, "Earnings
Per Share," when calculating diluted earnings per share, the
dilutive effect of convertible securities shall be reflected as an
adjustment to the income available to common stockholders and as an
adjustment to the weighted average shares outstanding.  This
adjustment for the convertible securities is required when the net
effect of the adjustment is dilutive to the Company's earnings per
share.  The First Quarter Financial Statements are the Company's
only quarterly or annual financial statements affected by this
error because the three month period ended March 31, 2018 is the
only period in which the impact of the 5.75% Convertible Notes were
dilutive to the Company's earnings per share.  Iconix will file
Amendment No. 1 to its First Quarter Quarterly Report including
restated First Quarter Financial Statements as soon as practicable.
For the three months ended March 31, 2018, diluted earnings per
share was restated from the previously reported diluted earnings
per share of $0.51 to a restated diluted earnings per share of
$0.11.  This correction of an error has no impact on the Company's
previously reported non-GAAP diluted earnings per share of $0.10
for the three months ended March 31, 2018.

Additionally, during the six months ended June 30, 2018, the
Company determined that the debt issuance costs associated with the
Company's issuance of its 5.75% Convertible Notes had been
incorrectly capitalized in the Company's consolidated balance sheet
as of March 31, 2018.  The Company will correct this error in the
Amended First Quarter Quarterly Report.  Management evaluated the
materiality of the error from a quantitative and qualitative
perspective and concluded that this adjustment was not material to
the Company's presentation and disclosures, and has no material
impact on the Company's financial position, results of operations
and cash flows.  Accordingly, no amendments to previously filed
reports was deemed necessary.  After taking into effect this
adjustment, selling, general and administrative expenses would have
been $33.6 million, operating income would have been $15.5 million,
and net income from continuing operations attributable to Iconix
Brand Group, Inc. would have been $27.8 million.

As a result of the error, management has reassessed the Company's
disclosure controls and procedures as of March 31, 2018, and has
concluded that there was a previously identified material weakness
in Iconix's management review controls related to the financial
reporting for the modification of the Company's debt.

The Audit Committee has discussed the matters with both BDO USA
LLP, which is Iconix's independent registered accounting firm, and
the Company's management.

                       About Iconix Brand

Broadway, New York-based Iconix Brand Group, Inc. --
http://www.iconixbrand.com/-- is a brand management company and
owner of a diversified portfolio of over 30 global consumer brands
across the women's, men's, entertainment, home and international
segments.  The Company's business strategy is to maximize the value
of its brands primarily through strategic licenses and joint
venture partnerships around the world, as well as to grow the
portfolio of brands through strategic acquisitions.  Iconix Brand
owns, licenses and markets a portfolio of consumer brands
including: Candie's, Bongo, Joe Boxer, Rampage, Mudd, London Fog,
Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc
Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter,
Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee
Cooper, and Artful Dodger; and interests in Material Girl, Ed
Hardy, Truth or Dare, Modern Amusement, Buffalo, Hydraulic, and
PONY.

Iconix Brand incurred a net loss attributable to the Company of
$489.3 million in 2017, a net loss attributable to the Company of
$252.1 million in 2016 and a net loss attributable to the Company
of $186.5 million in 2015.  As of Sept. 30, 2018, the Company had
$711.28 million in total assets, $751.55 million in total
liabilities, $34.64 million in redeemable non-controlling interest,
and a total stockholders' deficit of $74.90 million.

The Company stated in its 2017 Annual Report that due to certain
developments, including the decision by Target Corporation not to
renew the existing Mossimo license agreement following its
expiration in October 2018 and by Walmart, Inc. not to renew the
existing Danskin Now license agreement following its expiration in
January 2019, and the Company's revised forecasted future earnings,
the Company forecasted that it would unlikely be in compliance with
certain of its financial debt covenants in 2018 and that it may
otherwise face possible liquidity challenges in 2018.  The Company
said these factors raised substantial doubt about its ability to
continue as a going concern.  The Company's ability to continue as
a going concern is dependent on its ability to raise additional
capital and implement its business plan.


IMPERVA INC: Fitch Assigns B Issuer Default Rating, Outlook Stable
------------------------------------------------------------------
Fitch Ratings has assigned a first-time Long-Term Issuer Default
Rating of 'B' to Imperva, Inc. The Rating Outlook is Stable. Fitch
has also assigned a 'B+'/'RR3' rating to Imperva's $100 million
secured revolving credit facility and $760 million first-lien
secured term loan. In addition, Fitch has assigned a 'CCC+'/'RR6'
rating to Imperva's $290 million second-lien term loan. The
proceeds from debt issuance, along with equity contribution from
Thoma Bravo, will be used to fund the acquisition of Imperva, which
was announced on Oct. 10, 2018.

KEY RATING DRIVERS

Elevated Leverage Profile: Imperva's financial leverage is high for
the rating category. However, Fitch believes Imperva's solid market
position in the secularly growing IT security industry helps to
mitigate the relatively weaker credit protection metrics. Fitch
expects Imperva to maintain an elevated leverage profile over the
rating horizon as a result of the leveraged buyout by Thoma Bravo.
Pro forma gross leverage is forecasted to decline from 10x to 7.9x
over the forecast, as a result of cost optimization and rapid
growth in its subscription business. Fitch expects excess cash flow
will be prioritized towards incremental bolt on or tuck-in
acquisitions, but not used to voluntarily reduce debt over the
rating horizon.

Secular Tailwind Supporting Growth: Imperva is exposed to
sub-segments of the IT security industry that are forecasted to
have compounded annual growth rate CAGR in the mid-teens through
2021. These sub-segments include WAF, DDoS, RASP, and Data
Security. The importance of these sub-segments has been elevated in
recent years as user mobility and IT architecture have evolved and
blurred the network boundaries between on-premise infrastructure
and the cloud, resulting in traditional network firewalls less
effective. New threat detection methods are intended to complement
legacy IT security measures. Fitch believes the rising adoption of
cloud computing would continue to drive demand growth for these IT
security services as IT workloads increasingly reside in a hybrid
IT world.

Constrained Near-term FCF: Fitch expects the mission critical
nature and high switching cost of Imperva's products to lead to
strong profitability. However, due to Imperva's significant
leverage and other various recurring near-term cash expenses, FCF
margins are forecasted to remain suppressed in the mid to
low-single digits. In the long term, Fitch expects Imperva's FCF
margins to be sustained in the mid to high-teens.

Leader in Niche Sub-segments: According to third-party industry
research, Imperva is perceived to be a leader in WAF, DDoS, and
RASP. Fitch believes Imperva's leadership position in these markets
would enable the company to capitalize on the secular industry
growth. While larger competitors such as Akamai Technologies, Inc.,
F5 Networks, Inc., and IBM Corporation exist for different
solutions, the competing solutions have generally evolved from
adjacent services. Fitch believes Imperva's purpose-built solutions
to address these niche sub-segments provide greater product
performance. In Fitch's view, this is a competitive advantage for
Imperva as demonstrated by its strong presence in various industry
verticals.

High Revenue Retention Rate and Recurring Revenue: Imperva's net
revenue retention rate has consistently been high implying sticky
products with high switching costs. In addition, the company has
been shifting its revenue structure to be more recurring by
migrating customers to subscriptions from licenses. The high
revenue retention and recurring revenue enhances the predictability
of Imperva's financial performance.

Diversified Customer Base: The company's products are adopted by
over 6,400 customers across a wide range of industry verticals,
including: financial services, healthcare, technology, retail, and
telecom. The diversification across customers and industry
verticals effectively minimizes customer concentration risks and
reduces revenue volatility through economic cycles. Fitch views
such characteristics favourably as it reduces risks in the context
of secular industry growth.

DERIVATION SUMMARY

Fitch's ratings are supported by Imperva's leadership in the
growing IT and data security industry. Fitch expects the growth for
the product category to see CAGR in the mid-teens through its
rating horizon. As a leader in this product category, Fitch expects
Imperva to capitalize on the category growth. Imperva's
purpose-built solutions complement existing network firewalls being
used by enterprise customers to protect an increasingly mobile user
base and evolving network architecture that incorporates cloud
adoptions. Imperva's focus around the emerging niche category
enables the company to offer products that are superior to
competing products as demonstrated by its over 6,400 customers. The
high revenue retention of over 100% and increasing recurring
revenue provide a high level of predictability for its operations.
At the IT security industry level, Fitch believes the heightened
awareness of IT security risks arising from high profile security
breaches in recent years provide support for the secular growth of
the industry.

The announced $2.1 billion acquisition by Thoma Bravo will be
financed with $1.05 billion in term loans, $927 million equity
contribution from Thoma Bravo, and cash on balance sheet at
closing. Fitch forecasts Imperva's gross leverage for FY2019 to be
10.7x, declining to below 8x by FY2021. Fitch expects Imperva's FCF
to be suppressed by a number of LBO related items in the near-term;
this could constrain its near-term liquidity profile. In
conjunction with the high leverage, Fitch views Imperva's financial
flexibility as being relatively more constrained than peers in the
technology sector. Imperva's industry expertise, revenue scale,
leverage and liquidity profile are consistent with the 'B' rating
category.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

  -- Organic revenue growth near 10% throughout the forecast,
resulting from 25% annual growth in its subscription business but
offset by 20% declines in its product and license segment;

  -- EBITDA margin expansion primarily driven by cost
optimization;

  -- Deferred revenue inflows between $47 million and $64 million
throughout the forecast as a result of the growing subscription
business;

  -- Deferred RSU outflows of $33 million per year;

  -- Capital intensity held near 3% of revenue over the forecast.

In estimating a distressed EV for Imperva, Fitch assumes a going
concern EBITDA that is approximately 15% lower relative to Pro
Forma LTM EBITDA resulting from a combination of revenue decline
and margin compression on lower revenue scale. Fitch applies a 7x
multiple to arrive at EV of $607 million. The multiple is higher
than the median TMT enterprise value multiple, but is in line with
other similar software companies that exhibit strong FCF
characteristics. In the 21st edition of Fitch's Bankruptcy
Enterprise Values and Creditor Recoveries case studies, Fitch notes
nine past reorganizations in the Technology sector with recovery
multiples ranging from 2.6x to 10.8x. Of these companies, only
three were in the Software sector: Allen Systems Group, Inc.,
Avaya, Inc. and Aspect Software Parent, Inc., which received
recovery multiples of 8.4x, 8.1x and 5.5x, respectively. Fitch
believes Imperva's operating profile supports a recovery multiple
in the middle of this range.

RATING SENSITIVITIES

Developments that May, Individually or Collectively, Lead to
Positive Rating Action:

  -- Fitch's expectation that gross leverage sustaining below
5.5x;

  -- Pre-dividend FCF margins sustaining above 10%;

  -- Organic revenue growth sustaining in the high-single digits.

Developments that May, Individually or Collectively, Lead to
Negative Rating Action:

  -- Fitch's expectation that pre-dividend FCF margins sustaining
below 5%;

  -- Net revenue retention rate below 100% and/or organic revenue
growth sustaining near or below 0%;

  -- Gross leverage sustaining above 8x.

LIQUIDITY

Adequate Liquidity: Pro forma for the transaction, liquidity will
be supported by internal FCF generation, a new $100
million RCF, and over $195 million of readily available cash and
cash equivalents. Imperva's cash flows will be support by
normalized EBTIDA margins near 27% and significant cash inflows
from deferred revenue, but will largely be constrained
by a significant interest expense burden and annual deferred RSU
pay-outs.

Per the sponsor transaction, the company's new capital structure
will consist of the following:

  -- $100 million senior secured revolving credit facility (undrawn
at close) with five year tenor;

  -- $760 million senior secured first lien term loan with seven
year tenor;

  -- $290 million senior secured second lien term loan with
eight-year tenor.

Fitch believes that the company has sufficient cash on hand to
handle all upcoming bank debt repayments in the near term.

FULL LIST OF RATING ACTIONS

Imperva, Inc.

  -- Long-Term IDR 'B'; Outlook Stable';

  -- $100 million first lien secured revolving credit facility
'B+'/'RR3';

  -- $760 million first lien secured term loan 'B+'/'RR3';

  -- $290 million second lien secured term loan 'CCC+'/'RR6'.


INTRADE LOGISTICS: Monthly Payment to Unsecureds Reduced to $866
----------------------------------------------------------------
Intrade Logistics Corp. filed with the U.S. Bankruptcy Court for
the District of Puerto Rico an amended chapter 11 plan of
reorganization.

Under the amended plan, holders of Allowed General Unsecured
Claims, including the claims related to Debtor's executory
contracts and unexpired leases rejected during the pendency of the
case, but excluding the claims of Debtor's Affiliates, totaling
$1,607,885.62 will be paid in full satisfaction of their Claims 15%
thereof, through 60 equal consecutive monthly installments of
$866.71 to be distributed in proportion to each claim, commencing
on the Effective Date and continuing on the 30th day of the
subsequent 59 months.

The previous version of the plan proposed to pay unsecured
creditors 60 equal consecutive monthly installments of $950.03.

A copy of the Amended Plan is available for free at:

     http://bankrupt.com/misc/prb18-03828-11-47.pdf

             About Intrade Logistics Corp.

Headquartered in Toa Baja, Puerto Rico, Intrade Logistics Corp. is
in the wine and distilled beverages business.

Intrade Logistics Corp. filed a Chapter 11 Petition (Bankr. D.P.R.
Case No. 18-03828) on July 5, 2018.  In the petition signed by
Rolando Fernandez, president, the Debtor disclosed $1.13 million
in assets and $1.88 million in liabilities.  CHARLES A CURPILL,
PSC LAW OFFICES, led by principal Charles A. Cuprill Hernandez, is
the Debtor's counsel.


JMV HOLDINGS: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: JMV Holdings LLC
        1255 W. 15th Street, Suite 135
        Plano, TX 75075

Business Description: JMV Holdings LLC filed as Single Asset Real
                      Estate Debtor (as defined in 11 U.S.C.
                      Section 101(51B)).

Chapter 11 Petition Date: November 9, 2018

Court: United States Bankruptcy Court
       Eastern District of Texas (Sherman)

Case No.: 18-42552

Judge: Hon. Brenda T. Rhoades

Debtor's Counsel: Gerrit M. Pronske, Esq.
                  PRONSKE GOOLSBY & KATHMAN, P.C.
                  2701 Dallas Parkway, Suite 590
                  Plano, TX 75093
                  Tel: 214-658-6501
                  Fax: 214-658-6509
                  Email: gpronske@pgkpc.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael A. Ruff, manager of JMV
Managers, LLC (manager of the Debtor).

The Debtor failed to submit a list of its 20 largest unsecured
creditors at the time of the filing.

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

         http://bankrupt.com/misc/txeb18-42552.pdf


JUST CABINETS: Dec. 3 Asset Bid Submission Deadline Set
-------------------------------------------------------
Hilco Streambank, a leading advisory firm specializing in the sale
of intellectual property assets, is marketing for sale the
JustCabinets.com premium domain name along with additional related
intellectual property assets.  Bids are due December 3, 2018 at
12:00 Noon Eastern Time.  The sale of the assets and sale process
are subject to approval of the United States Bankruptcy Court for
the Middle District of Pennsylvania, where the bankruptcy case of
RTA Furniture Distributors, Inc. d/b/a Just Cabinets Furniture &
More is pending.

JustCabinets.com, first registered in 1998, has been historically
used as an e-commerce platform for the Just Cabinets Furniture &
More brand, offering a variety of home furnishings, kitchen
cabinetry, mattresses and appliances.  The portfolio of assets also
includes a variety of other domain names, as well as related
trademarks.

According to Hilco Streambank CEO, Gabe Fried, "The opportunity to
acquire the JustCabinets.com domain name and its related domain
names and trademark portfolio provides a buyer the ability to
corner a section of the home renovation market with a powerful and
descriptive domain."

Parties interested in the domain name or learning more about the
sale process should CLICK HERE or contact Hilco Streambank directly
using the contact information provided below.

         Gabe Fried
         CEO
         gfried@hilcoglobal.com
         617.458.9355

         Richelle Kalnit
         Senior Vice President
         rkalnit@hilcoglobal.com
         212.993.7214

         Ben Kaplan
         Associate
         bkaplan@hilcoglobal.com
         646.651.1978

                   About Hilco Streambank

Hilco Streambank is an advisory firm specializing in intellectual
property disposition and valuation.  Having completed numerous
transactions including sales in publicly reported  Chapter 11
bankruptcy cases, private transactions, and online sales through
IPv4Auctions.com, Hilco Streambank has established itself as the
premier intermediary in the consumer brand, internet and telecom
communities.  Hilco Streambank is part of Northbrook, Illinois
based Hilco Global, the world's leading authority on maximizing the
value of business assets by delivering valuation, monetization and
advisory solutions to an international marketplace.  Hilco Global
operates more than twenty specialized business units offering
services that include asset valuation and appraisal, retail and
industrial inventory acquisition and disposition, real estate and
strategic capital equity investments.


JUST TOYS CLASSIC: Taps BransonLaw as Legal Counsel
---------------------------------------------------
Just Toys Classic Cars LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire BransonLaw, PLLC,
as its legal counsel.

The firm will assist the Debtor in the formulation of a plan of
reorganization; prosecute and defend causes of action on behalf of
the Debtor; and provide other legal services related to its Chapter
11 case.  Its hourly rates range from $150 to $400.  

Prior to its bankruptcy filing, the Debtor paid an advance fee of
$11,290 for post-petition services and expenses and the filing fee
of $1,717.

BransonLaw neither holds nor represents any interest adverse to the
Debtor's estate, according to court filings.

The firm can be reached through:

     Jeffrey S. Ainsworth, Esq.
     BransonLaw PLLC
     1501 E. Concord Street
     Orlando, FL 32803
     Telephone: (407) 894-6834
     Facsimile: (407) 894-8559
     E-mail: jeff@bransonlaw.com

                   About Just Toys Classic Cars

Just Toys Classic Cars LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-06558) on Oct.
23, 2018.  At the time of the filing, the Debtor estimated assets
of less than $50,000 and liabilities of less than $50,000.  The
Debtor tapped BransonLaw, PLLC, as its legal counsel.


KADMON HOLDINGS: Reports $14.3 Million Net Loss for Third Quarter
-----------------------------------------------------------------
Kadmon Holdings, Inc., has filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
attributable to common stockholders of $14.31 million on $372,000
of total revenue for the three months ended Sept. 30, 2018,
compared to a net loss attributable to the Company's stockholders
of $22.19 million on $2.27 million of total revenue for the three
months ended Sept. 30, 2017.

The Company does not rely on the revenue generated from its
commercial operations; however, the Company leverages its
commercial infrastructure to support the development of its
clinical-stage product candidates by providing quality assurance,
compliance, regulatory and pharmacovigilance capabilities, among
others.

Loss from operations for the three and nine months ended Sept. 30,
2018 was $21.3 million and $58.1 million, respectively, compared to
$19.8 million and $51.4 million for the respective periods in 2017.


For the nine months ended Sept. 30, 2018, the Company reported a
net loss attributable to common stockholders of $14.23 million on
$1.16 million of total revenue compared to a net loss attributable
to common stockholders of $63.01 million on $10.80 million of total
revenue for the same period during the prior year.

As of Sept. 30, 2018, the Company had $177.71 million in total
assets, $49.83 million in total liabilities and $127.88 million in
total stockholders' equity.  As of Sept. 30, 2018, Kadmon's cash
and cash equivalents totaled $113.4 million, compared to $67.5
million as of Dec. 31, 2017.  


Research and development expenses were $11.9 million and $31.9
million for the three and nine months ended Sept. 30, 2018,
compared to $11.8 million and $30.3 million for the respective
periods in 2017.

Selling, general and administrative expenses were $9.7 million and
$26.7 million for the three and nine months ended Sept. 30, 2018,
compared to $9.1 million and $29.1 million for the respective
periods in 2017.  The decrease in SG&A expenses for the nine months
ended Sept. 30, 2018 is primarily related to a non-cash decrease in
share-based compensation of $2.3 million.

The Company had an accumulated deficit of $227.6 million and
working capital of $99.9 million at Sept. 30, 2018.  The Company
maintained cash and cash equivalents of $113.4 million at Sept. 30,
2018.  In June 2018, the Company raised $113.2 million ($105.8
million net of $7.4 million of underwriting discounts and other
offering expenses payable by the Company) from the issuance of
34,303,030 shares of common stock at a price of $3.30 per share.
The Company's existing cash and cash equivalents is expected to
enable it to advance its planned Phase 2 clinical studies for KD025
and tesevatinib, advance certain of its other pipeline product
candidates and provide for other working capital purposes.  The
Company believes its cash and cash equivalents balance at Sept. 30,
2018, when considered with its forecasted cash expenditures,
continues to alleviate the substantial doubt about its ability to
continue as a going concern.

                          Business Update

"We have made tremendous progress in recent months to advance
development of KD025 for the treatment of cGVHD, including receipt
of FDA Breakthrough Therapy Designation and the initiation of our
registration study," said Harlan W. Waksal, M.D., president and CEO
at Kadmon.  "We look forward to sharing updated findings from our
ongoing Phase 2 trial in an oral presentation at ASH while
continuing to enroll patients in the pivotal trial.  In parallel,
we continue to advance our broader ROCK inhibitor research platform
as well as our biologics platform developing IL-15 fusion proteins
for immuno-oncology."

Recent Business Highlights

   * FDA Breakthrough Therapy Designation Granted to KD025 - In

     October 2018, the U.S. Food and Drug Administration (FDA)
     granted Breakthrough Therapy Designation to KD025, the
     Company's ROCK2 inhibitor, for the treatment of patients with

     chronic graft-versus-host disease (cGVHD) after failure of
     two or more lines of systemic therapy

   * Pivotal Clinical Trial of KD025 in cGVHD Initiated – In
     October 2018, the first patient was dosed in the Company's
     pivotal clinical trial of KD025 in cGVHD  

Upcoming Milestones

Kadmon is advancing its product candidates and expects to reach
a number of pipeline milestones in the coming periods:

   * Open-label Phase 2 clinical trial of KD025 in cGVHD -
updated
     data to be presented at the 60th American Society of
     Hematology (ASH) Annual Meeting on Dec. 3, 2018

   * Enrollment has been initiated in the pivotal open-label Phase

     2 clinical trial of KD025 in cGVHD and the Company expects to

     complete enrollment in 2H 2019

   * Phase 2 clinical trial of KD025 in scleroderma (systemic
     sclerosis) – planned initiation 1H 2019

   * Investigational New Drug (IND) submission for KD045 (next-
     generation pan-ROCK inhibitor) for fibrotic diseases –
     anticipated 2H 2019

   * IND submission for KD033 (anti-PD-L1/IL-15 fusion protein)
     for immuno-oncology – anticipated 2H 2019

   * Kadmon is continuing dialogue with the FDA regarding its
     approval of KD034, the Company's generic formulation of
     trientine hydrochloride for the treatment of Wilson's disease

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

                        https://is.gd/TZvRzr

                        About Kadmon Holdings

Based in New York, Kadmon Holdings, Inc. -- http://www.kadmon.com/
-- is a fully integrated biopharmaceutical company developing
innovative product candidates for significant unmet medical needs.
The Company's product pipeline is focused on inflammatory and
fibrotic diseases.

Kadmon Holdings reported a net loss attributable to common
stockholders of $81.69 million in 2017, a net loss attributable to
common stockholders of $230.5 million in 2016, and a net loss
attributable to common stockholders of $147.1 million in 2015.  As
of June 30, 2018, Kadmon Holdings had $187.02 million in total
assets, $48.17 million in total liabilities and $138.8 million in
total stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" qualification
in its report on the consolidated financial statements for the year
ended Dec. 31, 2017, noting that the Company has suffered recurring
losses from operations and expects losses to continue in the future
that raise substantial doubt about its ability to continue as a
going concern.


KEYSTONE PODIATRIC: Asks Court to Approve Disclosure Statement
--------------------------------------------------------------
Keystone Podiatric Medical Associates, P.C., filed a motion asking
the U.S. Bankruptcy Court for the District of Pennsylvania to
approve its disclosure statement and to fix the time for the
confirmation hearing and for filing acceptances or rejections of
the plan.

The Debtor requests that an Order be entered setting the time for
the approval of the Disclosure Statement, providing for 28 days'
notice thereof. The Debtor also requests that following the
approval by the Court of the Disclosure Statement, that the hearing
for the confirmation of the Plan occur upon 28 days' notice
thereof.

Under the Debtor's plan, Class 6 general unsecured creditors will
receive 5% of each allowed Class 6 Claim, payable in five 5 equal
annual installments of 1% each.

The Debtor will operate its podiatric medical business. The Debtor
has instituted cost-cutting measures and believes that its cash
flow is improving. The Debtor will bill its patients and collect
the receivables and any other proceeds owed to it for providing
services to patients. The Debtor believes that because of the
cost-cutting efforts and the other efforts with respect to
operations, the Debtor can be profitable and fund the Plan.

A copy of the Disclosure Statement is available for free at:

     http://bankrupt.com/misc/pamb1-18-00062-93.pdf

          About Keystone Podiatric Medical Associates

Keystone Podiatric Medical Associates, P.C. --
https://www.keystonefootdoc.com/ -- provides foot and ankle care
in
Biglerville, West Shore, Londonderry, and Paxtonia. Keystone
Podiatric sought protection under Chapter 11 of the Bankruptcy
Code
(Bankr. M.D. Pa. Case No. 18-00062) on Jan. 9, 2018.  In the
petition signed by Richard A. Rogers, DPM, CEO, the Debtor
estimated assets of less than $50,000 and liabilities of $1
million
to $10 million.  Judge Henry W. Van Eck presides over the case.
Cunningham, Chernicoff & Warshawsky, P.C., is the Debtor's
counsel.
Drake Hileman & Davis, P.C., is the special counsel.


KONA GRILL: Incurs $5.1 Million Net Loss in Third Quarter
---------------------------------------------------------
Kona Grill, Inc., has filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $5.11 million on $37.43 million of revenue for the three months
ended Sept. 30, 2018, compared to a net loss of $3.32 million on
$44.39 million of revenue for the three months ended Sept. 30,
2017.

For the nine months ended Sept. 30, 2018, the Company reported a
net loss of $8.57 million on $121.79 million of revenue compared to
a net loss of $11.02 million on $136.59 million of revenue for the
same period during the prior year.

As of Sept. 30, 2018, Kona Grill had $78.59 million in total
assets, $75.74 million in total liabilities, and $2.84 million in
total stockholders' equity.

The Company has incurred losses resulting in an accumulated deficit
of $88.5 million and outstanding borrowings under a credit facility
of $33.5 million as of Sept. 30, 2018.  As of Sept. 30, 2018, the
Company has cash and cash equivalents and short-term investment
balance totaling $4.0 million and net availability under the credit
facility of $2.2 million, subject to compliance with certain
covenants.  The Company has implemented various initiatives to
increase sales and reduce costs to increase profitability.  

According to Kona Grill, "Management expects to utilize existing
cash and cash equivalents and short-term investments, along with
cash flow from operations, and the available amounts under the
credit facility, to provide capital to support the business, to
maintain and refurbish existing restaurants, and for general
corporate purposes.  Any reduction of cash flow from operations or
an inability to draw on the credit facility may cause the Company
to take appropriate measures to generate cash.  The failure to
raise capital when needed could impact the financial condition and
results of operations.  Additional equity financing, to the extent
available, may result in dilution to current stockholders and
additional debt financing, if available, may involve significant
cash payment obligations or financial covenants and ratios that may
restrict the Company's ability to operate the business.  There can
be no assurance that the Company will be successful in its plans to
increase profitability or to obtain alternative capital and
financing on acceptable terms, when required or if at all."

                     Management's Comments    

"Our efforts to achieve higher profits for fiscal year 2018
continue to take shape.  During the first nine months of 2018,
adjusted EBITDA increased 66% compared to the same period last
year.  The higher profitability is a result of Company initiatives
implemented earlier this year and ongoing projects framed around
our mission to make every experience exceptional for our guests,"
said Marcus Jundt, co-chief executive officer of Kona Grill.

"With Steve Schussler's and my recent appointment as Co-Chief
Executive Officers, our focus is on revitalizing the Kona Grill
brand and the unique aspects which has made this brand successful
over the years.  These areas include becoming once again America's
best happy hour with items that provide a great value proposition
as well as genuine hospitality and a passion for service," he
continued.

"Our focus for the remainder of 2018 and fiscal year 2019 is
driving guests into our restaurants.  We recently launched our
Konavore Rewards Program, implemented various marketing efforts,
including mobile marketing and a Kona Grill app, and revamped our
Happy Hour menu offerings.  For the holiday season, we are rolling
out a new gift card promotion with a strong bounce back offer to
support first quarter 2019 sales," he continued.

“As part of our ongoing evaluation of underperforming
restaurants, we made the decision to close two restaurants during
the third quarter.  As we monitor our restaurants for
underperformance, we continue to engage in discussions with our
landlords regarding rent abatement, closing certain locations or
strategic alternatives.  Our success in addressing these
opportunities and issues will put us in a better long-term
financial position.  We were in compliance with our financial
covenants as of September 30, 2018," he concluded.

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

                       https://is.gd/T1ih9s

                         About Kona Grill

Kona Grill, Inc., headquartered in Scottsdale, Arizona, Kona Grill,
Inc. -- http://www.konagrill.com/-- currently owns and operates 44
restaurants in 22 states and Puerto Rico.  Its restaurants feature
a global menu of contemporary American favorites, award-winning
sushi and craft cocktails.  Additionally, Kona Grill has two
restaurants that operate under a franchise agreement in Dubai,
United Arab Emirates, and Vaughan, Canada.

Kona Grill incurred a net loss of $23.43 million in 2017 and a net
loss of $21.62 million in 2016.  As of June 30, 2018, Kona Grill
had $85.02 million in total assets, $77.17 million in total
liabilities and $7.85 million in ttoal stockholders' equity.

The Company has incurred losses resulting in an accumulated deficit
of $79.7 million, has a net working capital deficit of $7.6 million
and outstanding debt of $37.8 million as of Dec. 31, 2017.  The
Company said in its 2017 Annual Report that these conditions
together with recent debt covenant violations and subsequent debt
covenant waivers and debt amendments, raise substantial doubt about
its ability to continue as a going concern.


KONA GRILL: Marcus Jundt and Steven Schussler Appointed as Co-CEOs
------------------------------------------------------------------
Kona Grill, Inc.'s Board of Directors appointed Marcus Jundt and
Steven Schussler as co-chief executive officers of the Company.

Marcus Jundt is one of the founders of the Kona Grill concept and
previously served as the Company's CEO from 2006 to 2009.  Steven
Schussler is the founder of several successful concepts, among the
most noticeable are Rainforest Cafe, T-Rex Cafe, Yak & Yeti, The
Boathouse, and others.  Both Messrs. Jundt and Schussler are
currently directors of the Company.

"The Board of Directors believes that the combined leadership and
experience of Marcus and Steve will revitalize the Kona Grill brand
as we focus on what has made this brand successful over the years,"
said Berke Bakay, the Company's executive chairman of the Board.

"We thank Jim Kuhn for his time with the Company and wish him well
in his future endeavors," Bakay concluded.

"I thoroughly enjoyed my time at Kona Grill working with the team
and wish the Company all the best in the future," said Jim Kuhn.

Effective Nov. 6, 2018, James Kuhn is no longer chief executive
officer of the Company and is no longer employed by the Company. In
connection with his departure, Mr. Kuhn will receive severance and
other benefits pursuant to the terms of his Employment Agreement.

                      About Kona Grill

Kona Grill, Inc., headquartered in Scottsdale, Arizona, Kona Grill,
Inc. -- http://www.konagrill.com/-- currently owns and operates 44
restaurants in 22 states and Puerto Rico.  Its restaurants feature
a global menu of contemporary American favorites, award-winning
sushi and craft cocktails.  Additionally, Kona Grill has two
restaurants that operate under a franchise agreement in Dubai,
United Arab Emirates, and Vaughan, Canada.

Kona Grill incurred a net loss of $23.43 million in 2017 and a net
loss of $21.62 million in 2016.  As of Sept. 30, 2018, Kona Grill
had $78.59 million in total assets, $75.74 million in total
liabilities, and $2.84 million in total stockholders' equity.

The Company has incurred losses resulting in an accumulated deficit
of $79.7 million, has a net working capital deficit of $7.6 million
and outstanding debt of $37.8 million as of Dec. 31, 2017.  The
Company said in its 2017 Annual Report that these conditions
together with recent debt covenant violations and subsequent debt
covenant waivers and debt amendments, raise substantial doubt about
its ability to continue as a going concern.


LAS TUNAS: Taps Henry D. Paloci as Legal Counsel
------------------------------------------------
Las Tunas DCE, LLC, seeks approval from the U.S. Bankruptcy Court
for the Central District of California to hire Henry D. Paloci III
PA as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; prepare a plan of reorganization; assist the
Debtor in any potential sale of its assets or debtor-in-possession
financing; conduct examinations of witnesses; represent the Debtor
in adversary proceedings.

Paloci will charge $350 per hour for the services of its attorneys
and $100 per hour for paralegal services.

During the year prior to its bankruptcy filing, the Debtor paid the
firm a retainer of $11,300, which included the filing fee of
$1,717.

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

The firm can be reached through:

     Henry D. Paloci III, Esq.
     Henry D. Paloci III PA
     5210 Lewis Road #5
     Agoura Hills, CA 91301
     Telephone: 805.279.1225
     Facsimile: 866.565.6345
     E-mail: hpaloci@hotmail.com
             hpaloci@calibankruptcy.com

                     About Las Tunas DCE LLC

Las Tunas DCE, LLC, is the owner of a commercial building located
at 1062 E. Las Tunas Drive, in San Gabriel, California.  

Las Tunas DCE sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Calif. Case No. 18-22691) on Oct. 29, 2018.  The
Debtor first sought bankruptcy protection (Bankr. C.D. Cal. Case
No. 17-14239) on April 11, 2017.

In the petition signed by Elke Coffey, managing member, the Debtor
estimated assets of $1 million to $10 million and liabilities of
less than $1 million.  

The Debtor tapped Henry D. Paloci III PA as its legal counsel.


MCCLATCHY CO: Posts $7 Million Net Income in Third Quarter
----------------------------------------------------------
The McClatchy Company has filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting net income
of $7.03 million on $191.06 million of revenues for the three
months ended Sept. 30, 2018, compared to a net loss of $260.47
million on $212.60 million of revenues for the three months ended
Sept. 24, 2017.

For the nine months ended Sept. 30, 2018, the Company reported a
net loss of $52.26 million on $594.3 million of total revenues
compared to a net loss of $393.5 million on $658.9 million of total
revenues for the nine months ended Sept. 24, 2017.

As of Sept. 30, 2018, McClatchy had $1.30 billion in total assets,
$149.76 million in total current liabilities, $1.39 billion in
total non-current liabilities, and a stockholders' deficit of
$241.22 million.

The company reported an adjusted net loss of $23.8 million, which
excludes severance and certain other items in the third quarter of
2018, compared to an adjusted net loss of $2.6 million in the third
quarter of 2017.

Craig Forman, McClatchy's president and CEO, said, "This quarter
both our total digital and digital-only advertising revenue
surpassed our print newspaper advertising revenues.  While
headwinds in print newspaper advertising remain strong, this trend
in our digital revenue signals that our relentless focus on digital
transformation continues to be an effective strategy for
sustainability and future growth.

"The digital transformation not only includes advertising, but how
we deliver local journalism that is essential to our communities
and to our subscribers.  We launched SportsPass, a sports-only
subscription in select markets, which is an important illustration
of the innovative approach we are pursuing to offer products that
are tailored to customer needs and the flexibility that we have
gained with our strategic investment in technology.  We ended the
third quarter with 137,000 digital-only subscribers, which
represents growth of almost 48% compared to the third quarter last
year.  We are pleased that our overall growth in digital
subscriptions exceeds the outlook we provided at the beginning of
the year."

Third Quarter Results

Total revenues in the third quarter of 2018 were $191.1 million,
down 10.1% compared to the third quarter of 2017.  The rate of
decline in total revenues in the third quarter was in line with the
first quarter and the first half revenue results this year.

Total advertising revenues were $95.1 million, down 17.5% compared
to the same period last year.  Digital-only advertising revenues
grew 8.9% and total digital advertising revenues, which include
digital-only advertising and bundled digital and print advertising,
increased 1.4% compared to the same quarter last year.  As
previously reported, total digital advertising is now greater than
print newspaper advertising.  In the third quarter of 2018,
digital-only advertising surpassed print newspaper advertising
revenues for the first time.  These results were aided by momentum
gained in the company's excelerate digital agency and video
efforts.  Specifically, video views and revenues each grew by
approximately 47% compared to the third quarter of 2017.

Direct marketing declined 23.6% compared to the third quarter of
2017.  Direct marketing continues to be negatively impacted by the
soft print advertising environment, specifically the grocery and
retail space.

Audience revenues were $84.0 million, down 3.6% in the third
quarter compared to the same period in 2017 reflecting declines in
print subscribers.  However, the trend in audience revenues
improved 2.0 percentage points sequentially over the first half of
2018 reflecting continued growth in digital audience revenues.
Digital-only audience revenues were up 52.8%, due largely to
digital-only subscriber growth.  Digital-only subscribers grew
47.6% to 137,000 as of the end of the third quarter compared to the
same quarter of last year.

Average monthly total unique visitors to the company's online
products were 60.5 million in the third quarter of 2018.

Revenues exclusive of print newspaper advertising accounted for
81.7% of total revenues in the third quarter of 2018, an increase
from 76.2% in the third quarter of 2017.

Results in the third quarter of 2018 included the following items
which are presented in the accompanying reconciliation of net
income to adjusted net loss:

   * Net gain on extinguishment of debt related to the debt
     refinancing in July;

   * Non-cash impairment charge related to the write-down of
     newspaper mastheads;

   * Severance charges;

   * Non-cash credit to the company's tax provision;

   * Gain on sale of CareerBuilder investment; and

   * Accelerated depreciation and other miscellaneous costs.

Adjusted net loss, which excludes the items above, was $23.8
million as compared to $2.6 million in the same period last year.
Adjusted EBITDA was $19.0 million in the third quarter of 2018,
down 52.5% compared to the third quarter last year.  Operating
expenses were up 1.0% due in part to tariffs on newsprint that
negatively impacted both prices and supplies, while adjusted
operating expenses, which exclude non-cash and certain other
charges, were flat in the third quarter of 2018 compared to the
same quarter last year and include gains on certain asset sales in
the 2017 quarter.  Excluding the impact of real estate gains
offsetting expenses in the third quarter of 2017, operating
expenses were down 3.4%.

Other Third Quarter Business and Recent Highlights

Debt and Liquidity:

As previously reported, on July 16, 2018, the company completed the
refinance of substantially all of its debt, resulting in principal
debt outstanding of $750.4 million.  The company finished the
quarter with $4.5 million in cash, resulting in net debt of $745.9
million.

As of the end of the third quarter the company had approximately
$44.9 million of total borrowing capacity under the Asset Backed
Loan Credit Facility, of which none was drawn.

Other Business:

The company sold its remaining interest in CareerBuilder for gross
proceeds of $5.3 million and executed a redemption of its 2026
notes in that amount today.  Subsequent to the partial redemption,
the company's 2026 Notes principal outstanding is $304.7 million,
and total principal debt outstanding is $745.1 million.

Nine Months Results of 2018

Total revenues for the first nine months of 2018 were $594.3
million, down 9.8% compared to the first nine months of 2017.  The
total revenue decline in the first nine months of 2018 is in line
with the total revenue decline reported in the first half of 2018
compared to the same period in 2017.

Advertising revenues were $301.9 million, down 16.2% compared to
the first nine months of last year.  Direct marketing declined
21.4% compared to the first nine months of 2017.  All categories of
advertising were impacted by the soft print advertising
environment, but were partially offset by growth in digital-only
advertising revenue of 16.7% when compared to the first nine months
of 2017.

Audience revenues were $255.1 million, down 5.0% compared to the
first nine months of 2017 and digital-only audience revenues were
up 29.9% over the same period due primarily to the growth in
digital subscribers.

The company reported a net loss for the first nine months of 2018
of $52.3 million, or $6.74 per share.  Net loss for the first nine
months of 2017 was $393.5 million or $51.67 a share, which included
total non-cash after-tax impairment charges of $359.4 million,
inclusive of a write-down of its CareerBuilder investment,
mastheads, inventory, and the deferred tax valuation allowance.

Results for the first nine months of 2018 included the following
items which are presented in the accompanying reconciliation of net
loss to adjusted net loss:

   * Net gain on extinguishment of debt mainly attributable to the

     debt refinancing in July;

   * A non-cash charge to increase a valuation allowance on the
     company's deferred tax assets;

   * Non-cash impairment charge related to the write-down of
     newspaper mastheads;

   * Severance charges;

   * Gain on sale of CareerBuilder investment;

   * Non-cash loss on real estate transactions and charges
     associated with relocations of certain operations;

   * Accelerated depreciation and other miscellaneous costs; and
     Costs related to re-organizing operations.

Adjusted net loss, which excludes the items above, was $47.3
million, as compared to $20.9 million in the same period last year.
Adjusted EBITDA was $69.6 million in the first nine months of
2018, down 32.0% compared to the first nine months of last year.
Operating expenses were down 5.0%, while adjusted operating
expenses, which exclude non-cash and certain other charges, were
down 5.2% in the first nine months of 2018 compared to the same
period last year.

Outlook

Craig Forman, CEO said, "Over the last few years we have stressed
our commitment to our digital transformation.  We are excited to
see the adoption of digital subscriptions by our readers and the
opportunities for more unique and carefully curated product
offerings that go beyond the traditional subscription.  We are in a
dynamic time when our local journalism and compelling storytelling
can be delivered across platforms -- in print, on our websites, in
e-editions, through video and even in audio form via smart speakers
and podcasts.

"We expect to end the year with a stronger fourth quarter.  We've
launched additional cost-savings initiatives that will be realized
this quarter, and we expect our growth in digital subscribers to
continue.  We cycle over easier advertising comparisons in the
fourth quarter, which should improve our ad trends for the entire
second half of 2018.  In fact, while we are still closing the books
for October, it is shaping up to be our best month this year in
advertising revenue performance.

"We also expect audience revenues to continue the trend from the
third quarter.  Putting this all together, we expect improvement in
the trend of total revenues in the second half of 2018 compared to
the first half of the year."

Management expects to reduce GAAP and adjusted operating expenses
through cost savings initiatives taken this year that are expected
to have a greater impact in the fourth quarter. Operating expenses
in the second half of 2018 are expected to decline in the
mid-single digit range compared to the same period last year, when
excluding real estate activity.  Management expects to continue to
reinvest some of the legacy cost savings in additional investments
in news and sales infrastructures, as well as in technology and
products, to continue to generate new advertising and subscriber
revenues.

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

                       https://is.gd/2ZlBqt

                         About McClatchy

The McClatchy Company operates 30 media companies in 14 states,
providing each of its communities with news and advertising
services in a wide array of digital and print formats.  McClatchy
is a publisher of iconic brands such as the Miami Herald, The
Kansas City Star, The Sacramento Bee, The Charlotte Observer, The
(Raleigh) News & Observer, and the (Fort Worth) Star-Telegram.
McClatchy is headquartered in Sacramento, Calif., and listed on the
New York Stock Exchange American under the symbol MNI.

McClatchy incurred a net loss of $332.4 million for the year ended
Dec. 31, 2017, following a net loss of $34.19 for the year ended
Dec. 25, 2016.  As of July 1, 2018, the Company had $1.36 billion
in total assets, $1.61 billion in total liabilities and a total
stockholders' deficit of $254.51 million.

                           *    *    *

In March 2018, S&P Global Ratings lowered its corporate credit
rating on The McClatchy Co. to 'CCC+' from 'B-'.  The rating
outlook is stable.  "The downgrade reflects our view that
McClatchy's capital structure is unsustainable at current leverage
and discretionary cash flow (DCF) levels.  Still, we don't expect a
default to occur during the next 12 months.  McClatchy has no
imminent liquidity concerns, full availability on its $65 million
revolving credit facility due 2019, low capital expenditures, and
it generates positive DCF.

McClatchy continues to hold Moody's Investors Service's "Caa1"
corporate family rating.  In December 2015, Moody's affirmed the
"Caa1" corporate family rating rating and changed the rating
outlook to stable from positive due to continued weakness in the
print advertising market and the ongoing pressure on the company's
operating cash-flow.  McClatchy's "Caa1" Corporate Family Rating
reflects persistent revenue pressure on the company's newspaper and
print operations, reliance on cyclical advertising spending, and
its high leverage including a large underfunded pension.


MEENA INC: Court Tosses GNC's Bid to Dismiss 4 Chapter 11 Cases
---------------------------------------------------------------
Bankruptcy Judge Robert E. Grossman denied the motions of General
Nutrition Corporation to dismiss the chapter 11 cases of Meena,
Inc., Desa of NY, Inc., SDA, Inc., and Choudhry and Gulmeena
Javaid, or in the alternative relief from the automatic stay.

GNC filed motions to dismiss, or in the alternative, seeking relief
from the automatic stay in four separate bankruptcy cases. Three of
the petitions were filed by Meena, Inc., Desa of NY, Inc., and SDA,
Inc. (Corporate Debtors). The fourth petition was filed by Choudhry
and Gulmeena Javaid, jointly (Individual Debtors) who claim to be
the sole shareholders of the Corporate Debtors. GNC argues that
relief should be granted because the Corporate Debtors and the
Individual Debtors have filed for bankruptcy in bad faith, and that
there is no possibility of reorganization. The Debtors oppose GNC's
motion.

Under section 1112(b) of the Bankruptcy Code, a party in interest
may request dismissal of a chapter 11 case "for cause." The Code
further suggests factors that illustrate "cause," including
substantial or continuing loss to or diminution of the estate and
the absence of a reasonable likelihood of rehabilitation, gross
mismanagement of the estate, unauthorized use of cash collateral,
and more. The list of factors is intended to be illustrative, and
not exhaustive. In re C-TC 9th Avenue Partnership.

The Individual Debtors' bankruptcy petition indicates that most of
their debts are consumer debts, rather than business debts. The
Individual Debtors' Petition also states that they owe $396,073 in
secured claims and $1,243,709.17 in unsecured claims. Among the
property owned by the Individual Debtors is a single-family home,
two cars, modest personal property, and ownership of the Corporate
Debtors.

The factors expressed by the Second Circuit indicative of a bad
faith filing do not exist in the Individual Debtors' case. The
Individual Debtors do not have many assets, but those assets are
not the subject of a foreclosure action. The Individual Debtors'
unsecured claims dwarf their secured claims. The Individual
Debtors' financial condition is not the result of a two-party
dispute, because there are at least two secured creditors, and the
record does not reflect that GNC is among them. GNC argues that the
timing of the petition indicates an intent to delay or frustrate
GNC in the District Court Action. However, GNC has failed to show
that it is a secured creditor in the Individual Debtors' case. The
record is unclear as to how many employees, if any, the Individual
Debtors have. There is no evidence that the Individual Debtors
cannot meet their expenses. The factors indicated in C-TC 9th Ave.
as indicators of a bad faith filing do not exist as to the
Individual Debtors.

The factors indicative of a bad faith filing are also
insufficiently present with respect to the Corporate Debtors.
Meena's bankruptcy petition does not list any secured debt, lists
$400,000 in unsecured debt, and its predominant asset is $40,000
worth of inventory.57 Desa's bankruptcy petition does not list any
secured debt, lists $320,000 in unsecured debt, and its predominant
asset is $50,000 worth of inventory.58 SDA's bankruptcy petition
does not list any secured debt, lists $508,957.99 in unsecured
debt, and its predominant asset is $60,000 worth of inventory. Each
of the Corporate Debtors have few debts other than that owed to
GNC, however, there is no pending action against any of the
Corporate Debtors because GNC did not name the Corporate Debtors as
defendants in the District Court Action. While the timing of the
Corporate Debtors' bankruptcy could be perceived as a tactic to
delay the District Court Action, there is no evidence that these
petitions were filed to delay a secured creditor's legitimate
effort to collect on a debt. Lastly, according to each of the
Corporate Debtors' August Monthly Operating Report, the
Corporate Debtors' monthly receipts are between $23,000 and
$42,000. Therefore, each of the Corporate Debtors do have cash
flow.

The first six of the eight factors indicating a bad faith filing do
not exist as to each of the Corporate Debtors, and therefore their
cases should not be dismissed. As to the last two factors, the
record is unclear how many employees the Corporate Debtors have, if
any, and there is no allegation that the Corporate Debtors cannot
pay their expenses.

The Court does not find that dismissal of the Debtors' bankruptcy
petitions, or relief from the automatic stay, are appropriate
remedies at this time. The Motions to Dismiss are denied without
prejudice to renew.

A copy of the Court's Memorandum Decision dated Nov. 6, 2018 is
available at:

     http://bankrupt.com/misc/nyeb8-18-74804-38.pdf

                   About Meena Inc.

Meena, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 18-74693) on July 12, 2018.  At the
time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $500,000.

The Debtor is represented by Alla Kachan, Esq., at Law Offices of
Alla Kachan, P.C., in Brooklyn, New York.


MELINTA THERAPEUTICS: Vatera Has 28.6% Stake as of Nov. 6
---------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, these entities/individuals reported beneficial
ownership of shares of common stock of Melinta Therapeutics, Inc.
as of Nov. 6, 2018:

                                    Shares        Percentage
                                 Beneficially  of Outstanding
  Reporting Person                   Owned         Shares
  ----------------               ------------  ---------------
Vatera Healthcare Partners LLC    16,007,237        28.6%
VHPM Holdings LLC                    600,722         1.1%
Vatera Holdings LLC               16,607,959        29.6%
Kevin Ferro                       16,607,959        29.6%

The percentage calculations are based upon 56,020,254 shares of
Common Stock of the Issuer outstanding as of Nov. 2, 2018, as
reported in the Issuer's Form 10-Q for the quarterly period ended
Sept. 30, 2018.

On Nov. 6, 2018, Melinta entered into a commitment letter with
Vatera Healthcare, pursuant to which Vatera Healthcare has
committed to purchase shares of Common Stock for an aggregate
purchase price of up to $75 million, to be used by Melinta for
general corporate purposes.  Melinta has the right to request
funding of the commitment prior to Dec. 31, 2018 in an amount not
less than $50 million, upon at least 10 business days' written
notice to Vatera Healthcare.  Following delivery of a funding
request, Melinta and Vatera Healthcare will negotiate a definitive
purchase agreement containing terms that reflect the terms of the
Vatera Commitment Letter and such other terms that are mutually
acceptable to the Issuer and Vatera Healthcare.  The purchase price
for the shares under the Vatera Commitment Letter will be equal to
the lower of (i) the closing price immediately preceding the
signing of the Vatera Commitment Letter or (ii) the volume-weighted
average price of the Common Stock for the 30 trading days
immediately preceding the closing under the definitive purchase
agreement.  The closing under the definitive purchase agreement
will be subject to stockholder approval for the increase of the
Issuer's authorized share capital and the issuance under applicable
Nasdaq rules, as well as other customary conditions. Vatera
Healthcare and its assignees will be entitled to registration
rights in respect of the shares purchased pursuant to the Vatera
Commitment Letter in accordance with the terms of any Registration
Rights Agreement between the Issuer, Vatera Healthcare and/or its
assignees.

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

                     https://is.gd/BVOGkv

                  About Melinta Therapeutics

New Haven, Connecticut-based Melinta Therapeutics, Inc. --
http://www.melinta.com/-- is a commercial-stage pharmaceutical
company focused on discovering, developing and commercializing
differentiated anti-infectives for the hospital and select
non-hospital, or community, settings that address the need for
effective treatments for infections due to resistant gram-negative
and gram-positive bacteria.  The Company currently market four
antibiotics to treat a variety of infections caused by these
resistant bacteria.

Deloitte & Touche LLP, in Chicago, Illinois, the Company's auditor
since 2014, issued a "going concern" opinion in its report on the
consolidated financial statements for the year ended Dec. 31, 2017,
stating that the Company's recurring losses from operations and its
need to obtain additional capital raise substantial doubt about its
ability to continue as a going concern.

Melinta reported a net loss available to common shareholders of
$78.17 million in 2017, a net loss available to common shareholders
of $95.04 million in 2016, and a net loss available to common
shareholders of $94.92 million in 2015.  As of Sept. 30, 2018, the
Company had $482.30 million in total assets, $247.5 million in
total liabilities and $234.78 million in total shareholders'
equity.


MISSION COAL: Taps Christian & Small as Co-Counsel
--------------------------------------------------
Mission Coal Company, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Alabama to hire Christian &
Small, LLP.

The firm will serve as co-counsel with Kirkland & Ellis LLP and
Kirkland & Ellis International LLP, the other law firms tapped by
the company and its affiliates to represent them in their Chapter
11 cases.  

Christian & Small charges these hourly fees:

     Partners          $375 - $525
     Associates        $300 - $375
     Paralegals            $150

Bill Bensinger, Esq., and Daniel Sparks, Esq., the attorneys who
will be handling the cases, will each charge $525 per hour.

Mr. Bensinger 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:

     Daniel D .Sparks, Esq.
     Bill D. Bensinger, Esq.
     Christian & Small, LLP
     1800 Financial Center
     505 North 20th Street
     Birmingham, AL 35203
     Tel: (205) 250-6626
     Fax: (205) 328-7234
     E-mail: ddsparks@csattorneys.com             
     E-mail: bdbensinger@csattorneys.com

                        About Mission Coal

Mission Coal Company LLC and its subsidiaries are engaged in the
mining and production of metallurgical coal, also known as "met"
coal, which is a critical component of the steelmaking process.
The Company is headquartered in Kingsport, Tennessee and operate
subterranean, surface, and longwall mining complexes in West
Virginia and Alabama.  The Company employ 1,075 individuals on a
full-time or part-time basis.

Mission Coal and 10 of its subsidiaries filed for bankruptcy
protection in the U.S. Bankruptcy Court for the Northern District
of Alabama (Birmingham) on October 14, 2018, with Lead Case No.
18-04177.  In the petition signed by CRO Kevin Nystrom, Mission
Coal estimated assets and liabilities of $100 million to
$500 million.

Daniel D. Sparks, Esq. and Bill D. Bensinger, Esq. of Christian &
Small LLP, as well as James H.M. Sprayregen, P.C., Brad Weiland,
Esq., and Melissa N. Koss, Esq. of Kirkland & Ellis LLP and
Kirkland & Ellis International LLP serve as counsel to the Debtors.
The Debtors also tapped Jefferies LLC as investment banker, Zolfo
Cooper LLC as financial advisor, and Omni Management Group as
notice and claims agent.


MISSION COAL: Taps Kirkland & Ellis as Legal Counsel
----------------------------------------------------
Mission Coal Company, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Alabama to hire Kirkland & Ellis
LLP and Kirkland & Ellis International LLP as its legal counsel.

The firms will advise the company and its affiliates regarding
their duties under the Bankruptcy Code; represent them in
negotiation with their creditors; prosecute actions to protect
their bankruptcy estates; assist them in any potential sale of
their assets or post-petition financing; and provide other legal
services related to their Chapter 11 cases.

The firms will charge these hourly rates:

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

The Debtors paid the firms $100,000 as an advance payment retainer,
and an additional retainer of $1.9 million.

Stephen Hessler, Esq., president of Stephen E. Hessler, P.C., a
partner of the firms, disclosed in a court filing that both firms
are "disinterested" as defined in section 101(14) of the Bankruptcy
Code.

Kirkland can be reached through:

     James H.M. Sprayregen, P.C.
     Brad Weiland, Esq.
     Melissa N. Koss, Esq.
     Kirkland & Ellis LLP
     Kirkland & Ellis International LLP
     300 North LaSalle
     Chicago, IL 60654
     Telephone: (312) 862-2000
     Facsimile: (312) 862-2200
     Email: james.sprayregen@kirkland.com  
     Email: brad.weiland@kirkland.com
     Email: melissa.koss@kirkland.com  

          - and -

     Stephen E. Hessler, P.C.
     Ciara Foster, Esq.
     Kirkland & Ellis LLP
     Kirkland & Ellis International LLP  
     601 Lexington Avenue
     New York, NY 10022
     Telephone: (212) 446-4800
     Facsimile: (212) 446-4900
     E-mail: stephen.hessler@kirkland.com  
     E-mail: ciara.foster@kirkland.com
                        
                        About Mission Coal

Mission Coal Company LLC and its subsidiaries are engaged in the
mining and production of metallurgical coal, also known as "met"
coal, which is a critical component of the steelmaking process.
The Company is headquartered in Kingsport, Tennessee and operate
subterranean, surface, and longwall mining complexes in West
Virginia and Alabama.  The Company employ 1,075 individuals on a
full-time or part-time basis.

Mission Coal and 10 of its subsidiaries filed for bankruptcy
protection in the U.S. Bankruptcy Court for the Northern District
of Alabama (Birmingham) on October 14, 2018, with Lead Case No.
18-04177.  In the petition signed by CRO Kevin Nystrom, Mission
Coal estimated assets and liabilities of $100 million to
$500 million.

Daniel D. Sparks, Esq. and Bill D. Bensinger, Esq. of Christian &
Small LLP, as well as James H.M. Sprayregen, P.C., Brad Weiland,
Esq., and Melissa N. Koss, Esq. of Kirkland & Ellis LLP and
Kirkland & Ellis International LLP serve as counsel to the Debtors.
The Debtors also tapped Jefferies LLC as investment banker, Zolfo
Cooper LLC as financial advisor, and Omni Management Group as
notice and claims agent.


MISSION COAL: Taps Omni Management as Administrative Agent
----------------------------------------------------------
Mission Coal Company, LLC, seeks approval from the U.S. Bankruptcy
Court for the Northern District of Alabama to hire Omni Management
Group as its administrative agent.

The firm will provide bankruptcy administration services, which
include the solicitation, balloting and tabulation of votes; the
preparation of reports to support confirmation of a Chapter 11
plan; and managing distributions pursuant to the plan.

Omni Management received a pre-bankruptcy retainer of $15,000.

Paul Deutch, senior vice president of Omni Management, disclosed in
a court filing that his firm is "disinterested" as defined in
Section 101(14) of the Bankruptcy Code.

Omni can be reached through:

     Paul H. Deutch
     Omni Management Group
     1120 Avenue of the Americas, 4th Floor
     New York, NY 10036
     Tel: 212-302-3580
     Fax: 212-302-3820
     Email: nycontact@omnimgt.com

                        About Mission Coal

Mission Coal Company LLC and its subsidiaries are engaged in the
mining and production of metallurgical coal, also known as "met"
coal, which is a critical component of the steelmaking process.
The Company is headquartered in Kingsport, Tennessee and operate
subterranean, surface, and longwall mining complexes in West
Virginia and Alabama.  The Company employ 1,075 individuals on a
full-time or part-time basis.

Mission Coal and 10 of its subsidiaries filed for bankruptcy
protection in the U.S. Bankruptcy Court for the Northern District
of Alabama (Birmingham) on October 14, 2018, with Lead Case No.
18-04177.  In the petition signed by CRO Kevin Nystrom, Mission
Coal estimated assets and liabilities of $100 million to $500
million.

Daniel D. Sparks, Esq. and Bill D. Bensinger, Esq. of Christian &
Small LLP, as well as James H.M. Sprayregen, P.C., Brad Weiland,
Esq., and Melissa N. Koss, Esq. of Kirkland & Ellis LLP and
Kirkland & Ellis International LLP serve as counsel to the Debtors.
The Debtors also tapped Jefferies LLC as investment banker, Zolfo
Cooper LLC as financial advisor, and Omni Management Group as
notice and claims agent.


MONEYONMOBILE INC: Files Arbitration Case vs. My Mobile Founders
----------------------------------------------------------------
MoneyOnMobile, Inc., filed on Oct. 26, 2018, a request for
arbitration under the rules of the London Court of International
Arbitration, pursuant to its rights under Section 9.11.2 of the
2012 Memorandum of Understanding read with the First Amendment to
the Memorandum of Understanding (MOU).  The MOU governs the terms
of the Company's investment into Digital Payments Processing, Ltd.
and My Mobile Payments Ltd.
    
The request was filed to initiate arbitration proceedings against
the signatories to the MOU which includes but is not limited to the
Founders and Shareholders of My Mobile Payments Ltd.

                       About MoneyOnMobile

MoneyOnMobile, Inc., headquartered in Dallas, Texas --
http://www.money-on-mobile.com/-- is a global mobile payments
technology and processing company offering mobile payment services
through its Indian subsidiary.  MoneyOnMobile enables Indian
consumers to use mobile phones to pay for goods and services or
transfer funds from one cell phone to another.  It can be used as
simple SMS text functionality or through the MoneyOnMobile
application or internet site.  MoneyOnMobile has more than 335,000
retail locations throughout India.

MoneyOnMobile reported a net loss of $13.09 million for the year
ended March 31, 2017, following a net loss of $19.72 million for
the year ended March 31, 2016.  The Company's balance sheet at Dec.
31, 2017, showed $27.67 million in total assets, $30.02 million in
total liabilities, $1.22 million in preferred stock Series D, $5.70
million in preferred stock Series F, and a total stockholders'
deficit of $9.27 million.

Liggett & Webb, P.A., in New York, issued a "going concern" opinion
in its report on the consolidated financial statements for the year
ended March 31, 2017, noting that the Company has experienced
recurring operating losses and negative cash flows from operating
activities.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


NORTHERN OIL: Posts Third Quarter Net Income of $19 Million
-----------------------------------------------------------
Northern Oil and Gas, Inc., has filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting net
income of $18.97 million on $102.26 million of total revenues for
the three months ended Sept. 30, 2018, compared to a net loss of
$16.08 million on $41.59 million of total revenues for the same
period during the prior year.

For the nine months ended Sept. 30, 2018, the Company reported a
net loss of $74.60 million on $235.72 million of total revenues
compared to net income of $14.65 million on $172.31 million of
total revenues for the nine months ended Sept. 30, 2017.

As of Sept. 30, 2018, the Company had $1.06 billion in total
assets, $1.05 billion in total liabilities and $11.20 million in
total stockholders' equity.

In early October 2018, Northern closed on a $350.0 million tack-on
issuance of additional 2023 Senior Secured Notes as well as a new
5-year Revolving Credit Facility with an initial borrowing base of
$425.0 million. Northern used the proceeds to retire its $360.0
million First Lien Term Loan and the remainder of its 2020 Senior
Unsecured Notes.

As of Nov. 5, 2018, Northern had $16.8 million in cash, $175.0
million outstanding on its new RBL and $695.1 million in 2023
Senior Secured Notes.  Northern had total liquidity of $266.8
million as of Nov. 5, 2018, consisting of cash and borrowing
availability under the new RBL.

Northern Oil said, "Our main sources of liquidity and capital
resources as of the date of this report have been internally
generated cash flow from operations, proceeds from equity and debt
financings, credit facility borrowings, and cash settlements of
derivative contracts.  Our primary uses of capital have been for
the acquisition and development of our oil and natural gas
properties.  We continually monitor potential capital sources for
opportunities to enhance liquidity or otherwise improve our
financial position."

Northern also reported third quarter 2018 production averaged
26,708 barrels of oil equivalent per day, totaling 2,457,119 Boe,
comprised of 84% crude oil.

Northerns' third quarter 2018 crude oil differential was $4.16 per
barrel below the NYMEX daily average for the period, compared to
$6.22 in the third quarter 2017, an improvement of $2.06 per
barrel.  Lease operating expense of $7.39 per Boe for the quarter
declined 17% year-over-year and 3% sequentially, bringing
year-to-date LOE at the low end of the company's 2018 guidance.
General and administrative expense of $1.90 per barrel increased
12% sequentially due primarily to costs associated with recent
significant transactions.

Northern has entered into crude oil derivative basis swaps for 2019
covering 10,000 barrels of oil per day at a weighted average
differential price of $2.41 per barrel.  In addition the company
now has 20,166 barrels of oil per day hedged in the fourth quarter
of 2018 at an average price of $63.66 per barrel and 18,769 barrels
of oil per day hedged for 2019 at an average price of $63.32 per
barrel.

Management Comment

"The third quarter was another outstanding quarter for Northern as
we reduced unit costs, increased margins and generated significant
debt adjusted growth for our shareholders," commented Northern's
Chief Executive Officer, Brandon Elliott.  "Our success
year-to-date has put us in an incredible position to continue to
execute on our strategy; to take advantage of dislocations in the
markets, including the pursuit of bolt-on acquisitions, or the
opportunity to repurchase our stock at a significant discount to
its intrinsic value.  We look forward to closing out 2018 in a very
strong financial position."

Guidance

Northern is raising its fourth quarter 2018 production guidance to
35,000 - 36,000 Boe per day as a result of increased activity on
our legacy and newly acquired acreage and better than expected
production results.  The company now expects to add approximately 7
net organic wells to production during the fourth quarter, bringing
total organic net well additions for 2018 to between 28 - 31.  This
is an increase of 3 - 4 additional net wells for the year, with a
drilling and completion budget of between $230 and $250 million.

Increased production and activity exiting 2018 would allow Northern
to maintain fourth quarter 2018 average daily production volumes
flat for 2019 with a drilling and completion budget of
approximately $245 million, assuming the addition of between 29 and
31 net wells to production during the year.  Utilizing 2018 cost
assumptions for 2019, at the current commodity strips, the company
would generate between $145 - $200 million of operating cash flow
net of all D&C capital expenditures, representing a free cash flow
yield of up to 17% based on current market capitalization.  

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

                       https://is.gd/5Twr1r

                        About Northern Oil

Minnetonka, Minnesota-based Northern Oil and Gas, Inc. --
http://www.NorthernOil.com/-- is an independent energy company
engaged in the acquisition, exploration, development and production
of oil and natural gas properties, primarily in the Bakken and
Three Forks formations within the Williston Basin in North Dakota
and Montana.  

Northern Oil reported a net loss of $9.19 million in 2017, a net
loss of $293.5 million in 2016, and a net loss of $975.4 million in
2015.  As of June 30, 2018, Northern Oil had $883.08 million in
total assets, $1.03 billion in total liabilities and a total
stockholders' deficit of $147.8 million.


NOVAN INC: Incurs $7.03 Million Net Loss in Third Quarter
---------------------------------------------------------
Novan, Inc. has filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q reporting a net loss and
comprehensive loss of $7.03 million on $648,000 of total revenue
for the three months ended Sept. 30, 2018, compared to a net loss
and comprehensive loss of $7.32 million on $867,000 of total
revenue for the same period in 2017.

For the nine months ended Sept. 30, 2018, the Company reported a
net loss and comprehensive loss of $19.82 million on $1.95 million
of total revenue compared to a net loss and comprehensive loss of
$28.54 million on $1.90 million of total revenue for the nine
months ended Sept. 30, 2017.

As of Sept. 30, 2018, the Company had $29.69 million in total
assets, $31.99 million in total liabilities and a total
stockholders' deficit of $2.29 million.

Novan stated that, "Since our inception in 2006, we have devoted
substantially all of our efforts to developing our nitric oxide
platform technology and resulting product candidates, including
conducting preclinical and clinical trials and providing general
and administrative support for these operations.  We conduct these
activities in a single operating segment.  We have not generated
any revenue from product sales and, to date, have funded our
operations through a variety of sources... From inception through
September 30, 2018, we have raised total equity and debt proceeds
of $184.0 million to fund our operations, including $35.2 million
in net proceeds from the January 2018 Offering.  Other historical
forms of funding have included payments received from licensing and
supply arrangements, government research contracts and grants and
contract development manufacturing services.  We have never
generated revenue from product sales and have incurred net losses
in each year since inception.  As of September 30, 2018, we had an
accumulated deficit of $179.5 million.  We incurred net losses of
$7.0 million and $19.8 million during the three and nine months
ended September 30, 2018, respectively, and $7.3 million and $28.5
million during the three and nine months ended September 30, 2017,
respectively.  We expect to continue to incur substantial losses in
the future as we conduct our planned operating activities.  We do
not expect to generate revenue from product sales unless and until
we obtain regulatory approval from the FDA for our clinical-stage
product candidates.  If we obtain regulatory approval for any of
our product candidates, we expect to incur significant
commercialization expenses related to product sales, marketing,
manufacturing and distribution.

"We expect that we will continue to incur substantial expenses as
we continue clinical trials and preclinical studies for, and
research and development of, our product candidates and maintain,
expand and protect our intellectual property portfolio.  As a
result, in addition to the proceeds that we received in the January
2018 Offering and the payments that we expect to receive
under the Sato Amendment, we will need substantial additional
funding to support our planned and future operating activities.
Adequate future funding may not be available to us on acceptable
terms, or at all.  The current market value of our common stock may
negatively impact funding options and the acceptability of funding
terms. Additionally, we expect future advancement of our product
candidates to occur after the formation of partnering,
collaborations, licensing, grants or other strategic relationships
or through equity or debt financings.  Our failure to enter into
such relationships, or our failure to obtain sufficient additional
funds on acceptable terms as and when needed could cause us to
alter or reduce our planned operating activities, including but not
limited to delaying, reducing, terminating or eliminating planned
product candidate development activities, to conserve our cash and
cash equivalents.  Such actions could delay development timelines
and have a material adverse effect on our business, results of
operations, financial condition and market valuation."

                Liquidity and Capital Resources

Since its inception through Sept. 30, 2018, the Company has
financed its operations primarily with $184.0 million in net
proceeds from the issuance and sale of equity securities and
convertible debt securities, including $35.2 million in net
proceeds from the sale of common stock and accompanying warrants in
the January 2018 Offering and $44.6 million in net proceeds from
the sale of common stock in its 2016 initial public offering. Other
historical forms of funding have included payments received from
licensing and supply arrangements and government research contracts
and grants.  The Company received an upfront payment of
approximately $10.8 million following the execution of the Sato
Agreement in the first quarter of 2017 for the exclusive right to
develop, use and sell SB204 in certain topical dosage forms in
Japan for the treatment of acne vulgaris.  In accordance with the
Sato Amendment, the Company will also receive an upfront payment of
1.25 billion JPY, payable in installments of 0.25 billion JPY on
Oct. 5, 2018, 0.5 billion JPY on Feb. 14, 2019 and 0.5 billion JPY
on Sept. 13, 2019.

As of Sept. 30, 2018, the Company had $12.2 million of cash and
cash equivalents.  The Company believes that cash on hand as of
Sept. 30, 2018, along with the upfront payments expected from the
Sato Amendment will provide it with adequate liquidity to fund its
planned operating needs into the late second quarter of 2019.

"[W]e have concluded that the prevailing conditions and ongoing
liquidity risks we face raise substantial doubt about our ability
to continue as a going concern.  We anticipate that we will need
substantial additional funding to continue our operating activities
and make further advancements in each of our drug development
programs.

"Our cash and cash equivalents are held in a variety of
interest-bearing instruments, including money market accounts.
Cash in excess of immediate requirements is invested with a view
toward liquidity and capital preservation, and we seek to minimize
the potential effects of concentration and degrees of risk."

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

                   https://is.gd/1Drzms

                       About Novan Inc.

Based in Morrisville, North Carolina, Novan Inc. --
http://www.novan.com/-- is a clinical-stage biotechnology company
focused on leveraging nitric oxide's natural antiviral and
immunomodulatory mechanisms of action to treat dermatological and
oncovirus-mediated diseases.  Nitric oxide plays a vital role in
the natural immune system response against microbial pathogens and
is a critical regulator of inflammation.  The Company's ability to
harness nitric oxide and its multiple mechanisms of action has
enabled it to create a platform with the potential to generate
differentiated product candidates.  The two key components of the
Company's nitric oxide platform are its proprietary Nitricil
technology, which drives the creation of new chemical entities, or
NCEs, and its topical formulation science, both of which the
Company uses to tune the Company's product candidates for specific
indications.

Novan incurred reporting a net loss and comprehensive loss of
$37.12 million in 2017 following a net loss and comprehensive loss
of $59.69 million in 2016.  As of June 30, 2018, Novan had $38.71
million in total assets, $34.35 million in total liabilities and
$4.35 million in total stockholders' equity.

The report from the Company's independent accounting firm
PricewaterhouseCoopers LLP on the consolidated financial statements
for the year ended Dec. 31, 2017, includes an explanatory paragraph
stating that the Company has suffered recurring losses from
operations, negative cash flow from operating activities, and has
an accumulated deficit that raise substantial doubt about its
ability to continue as a going concern.


OAK ROCK FINANCIAL: Plan Confirmation Hearing Set for Dec. 10
-------------------------------------------------------------
The Bankruptcy Court has approved the amended disclosure statement
explaining Oak Rock Financial, LLC's amended joint plan of
liquidation, and scheduled the hearing on confirmation for November
10, 2018 at 10:00 a.m.

All final applications for allowance of a Professional Fee
Administrative Claim must be filed with the Court and served on the
necessary parties no later than November 28.

In order to be counted, Ballots must be completed, signed and
received no later than December 3.

The Debtor's latest Plan discloses the Official Committee of
Unsecured Creditors' statement of position regarding its claims
against the lenders. The UCC has indicated that persons receiving
the Amended Disclosure Statement should be advised of some
information in order to correct, according to the UCC, inaccurate
or misleading statements in the Disclosure Statement that have been
carried over into this Amended Disclosure Statement.

The Plan Proponents do not adopt, and the Lenders reject virtually
each assertion in, the UCC's Statement of Position.

A copy of the Latest Disclosure Statement is available for free
at:

    http://bankrupt.com/misc/nyeb8-13-72251-1344.pdf

                 About Oak Rock Financial

Oak Rock Financial LLC, an asset-based lender, put itself into
Chapter 11 in the U.S. Bankruptcy Court in Central Islip, New York
(Bankr. E.D.N.Y. Case No. 13-72251) on May 6, 2013.

The Debtor put itself into Chapter 11 in response to the Chapter 7
involuntary petition filed by its creditors, including Israel
Discount Bank of New York, Bank Leumi USA, and Bank Hapoalim B.M.,
on April 29, 2013.

The petitioning creditors had claimed the specialty asset-based
lending firm has committed a "massive fraud" against its secured
lenders.

The Debtor disclosed assets of $131.1 million and debt totaling
$99.9 million in the Chapter 11 papers.

Judge Robert E. Grossman presides over the case.  The Debtor tapped
LaMonica Herbst & Maniscalco, LLP as its legal counsel.

The Debtor filed a disclosure statement for its proposed Chapter 11
plan of liquidation on May 3, 2018.



OMEROS CORP: Incurs $39.5 Million Net Loss in Third Quarter
-----------------------------------------------------------
Omeros Corporation has filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $39.47 million for the three months ended Sept. 30, 2018,
compared to a net loss of $7.48 million for the three months ended
Sept. 30, 2017.

For the quarter ended Sept. 30, 2018, revenues were $4.6 million,
all relating to sales of OMIDRIA.  This compares to OMIDRIA
revenues of $1.7 million in 2Q 2018 and $21.7 million for the third
quarter of 2017.  The increase over the last quarter is primarily
due to revenues from the company's wholesalers in anticipation of
renewed buying from ASCs and hospitals as a result of the
reinstatement of pass-through reimbursement on Oct. 1, 2018.  The
decrease from 3Q 2017 is due to the significant reduction in
OMIDRIA use by ASCs and hospitals in 3Q 2018 as a result of the
absence of transitional pass-through reimbursement, which expired
for OMIDRIA beginning Jan. 1, 2018.

For the nine months ended Sept. 30, 2018, the Company reported a
net loss of $103.22 million on $7.85 million of net product sales
compared to a net loss of $36.93 million on $51.06 million of net
product sales for the same period last year.

As of Sept. 30, 2018, the Company had $75.61 million in total
assets, $24.58 million in total current liabilities, $131.69
million in notes payable and lease financing obligations, $8.32
million in deferred rent, and a total shareholders' deficit of
$88.99 million.

During the last week of September and for October 2018, the company
saw OMIDRIA sales from the company's wholesalers to its customers
(sell-through) increase significantly compared to the first three
quarters of 2018.  In addition, in October 2018, the company's ASC
and hospital customers purchased approximately 17,500 units of
OMIDRIA from its wholesalers.  October 2017 was the single highest
sell-through month for OMIDRIA and in October 2018, the first month
of pass-through reinstatement for OMIDRIA, the drug achieved 81% of
this record high.

Total costs and expenses for the three months ended Sept. 30, 2018
were $40.1 million compared to $26.8 million for the same period in
2017.  The increase from the prior quarter was primarily due to
higher manufacturing scale-up costs including the acquisition of
manufacturing materials for the OMS721 programs and to incremental
costs associated with initiating the OMS721 IgA nephropathy Phase 3
clinical trial and the July 2018 initiation of the company's Phase
1 clinical trial in OMS527.  These increases were partially offset
by decreased OMIDRIA patent litigation costs.

As of Sept. 30, 2018, the company had $55.2 million of cash, cash
equivalents and short-term investments available for operations and
another $5.8 million in restricted investments.

Omeros also announced recent highlights and developments for the
third quarter ended Sept. 30, 2018, which include:

   * Sell-through for October 2018 was 81% of sell-through in
     October 2017, which was the Company's highest month of
     OMIDRIA sell-through to date.

   * The recently released 2019 Outpatient Prospective Payment
     System (OPPS) final rule for the Centers for Medicare &
     Medicaid Services (CMS) includes provisions that are expected

     to provide for continued separate reimbursement for OMIDRIA
     after its recently reinstated pass-through status expires on
     Oct. 1, 2020.

   * Results from the second reported cohort from Omeros' ongoing
     Phase 2 clinical trial in patients with Immunoglobulin A
    (IgA) nephropathy are consistent with the first cohort and
     demonstrated significant reductions in proteinuria ranging
     from greater than 50% to approximately 70% following extended
     treatment with OMS721.

   * Recent meetings with multiple European national regulatory
     authorities resulted in uniform recommendations to submit a
     marketing authorization application, or MAA, for full
     approval of OMS721 for hematopoietic stem cell transplant-
     associated thrombotic microangiopathy (HSCT-TMA).  Based on
     these meetings, Omeros has filed with the European Medicines
     Agency (EMA) a letter of intent to submit a marketing
     authorization application (MAA) via EMA's centralized
     procedure for approval of OMS721 for the treatment of HSCT-
     TMA and expects to receive assignment of a rapporteur and co-
     rapporteur by year end.

   * The U.S. Food and Drug Administration (FDA) granted orphan
     drug designation to OMS721 for the treatment of HSCT-TMA, and

     the European Commission adopted a decision designating OMS721

     as an Orphan Medicinal Product in the European Union for
     treatment in HSCT.

   * Omeros' Phase 1 clinical trial for the company's lead
     phosphodiesterase 7 (PDE7) inhibitor OMS527 is underway, and
     the company has completed dosing in the first six cohorts of
     subjects, which included a food effect study.  The compound
     has been well tolerated, and pharmacokinetic data support
     once-daily dosing, with or without food.

"We are pleased with the strong demand that we are seeing for
OMIDRIA so soon following reinstatement of its pass-through payment
status," said Gregory A. Demopulos, M.D., chairman and chief
executive officer of Omeros.  "We expect that ramp to continue,
generating a growing revenue stream to support our advancing
pipeline.  Omeros' lead product in that pipeline, our MASP-2
inhibitor OMS721, is driving toward U.S. and European
commercialization in stem-cell TMA, we believe that the recent
positive data in IgA nephropathy meaningfully de-risks the
program's Phase 3 pivotal trial, and the aHUS program is enrolling.
Our Phase 1 trial for our PDE7 inhibitor OMS527 is progressing
nicely and, to date, the drug is demonstrating a good safety
profile and predictable pharmacokinetics.  OMS906, our MASP-3
inhibitor, is targeted for clinical development in late 2019
followed by our orally administered MASP-2 inhibitors, which are
slated to enter the clinic in 2020.  Our team has done a great job
managing the advancement of these assets while focusing on
delivering our products to the market to meet the urgent needs of
patients, and I expect that we will see equal or greater
achievements in 2019."

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

                      https://is.gd/1NtYtz

                    About Omeros Corporation

Omeros Corporation -- http://www.omeros.com/-- is a
commercial-stage biopharmaceutical company committed to
discovering, developing and commercializing small-molecule and
protein therapeutics for large-market as well as orphan indications
targeting inflammation, complement-mediated diseases and disorders
of the central nervous system.  The Company's drug product OMIDRIA
(phenylephrine and ketorolac intraocular solution) 1% / 0.3% is
marketed for use during cataract surgery or intraocular lens (IOL)
replacement to maintain pupil size by preventing intraoperative
miosis (pupil constriction) and to reduce postoperative ocular
pain.  In the European Union, the European Commission has approved
OMIDRIA for use in cataract surgery and other IOL replacement
procedures to maintain mydriasis (pupil dilation), prevent miosis
(pupil constriction), and to reduce postoperative eye pain.  Omeros
has multiple Phase 3 and Phase 2 clinical-stage development
programs focused on: complement-associated thrombotic
microangiopathies; complement-mediated glomerulonephropathies;
Huntington's disease and cognitive impairment; and addictive and
compulsive disorders.  In addition, Omeros has a diverse group of
preclinical programs and a proprietary G protein-coupled receptor
(GPCR) platform through which it controls 54 new GPCR drug targets
and corresponding compounds, a number of which are in pre-clinical
development.  The company also exclusively possesses a novel
antibody-generating platform.  The Company is headquartered in
Seattle, Washington.

OMEROS incurred a net loss of $53.48 million for the year ended
Dec. 31, 2017, compared to a net loss of $66.74 million for the
year ended Dec. 31, 2016.  As of June 30, 2018, Omeros had $106.3
million in total assets, $24.44 million in total current
liabilities, $129.8 million in notes payable and lease financing
obligations, $8.45 million in deferred rent and a total
shareholders' deficit of $56.29 million.

Ernst & Young LLP, in Seattle, Washington, issued a "going concern"
opinion in its report on the consolidated financial statements for
the year ended Dec. 31, 2017, stating that the Company has suffered
recurring losses from operations and has stated that substantial
doubt exists about the Company's ability to continue as a going
concern.


OPERATION SIMULATION: Taps Georgia Realtors to Sell Property
------------------------------------------------------------
Operation Simulation Associates, Inc., seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Tennessee to hire a
realtor.

The Debtor proposes to employ Georgia Realtors/Eagle Property Svcs,
Inc. to list for sale its building located at 7638 Nashville
Street, Ringgold, Georgia.

Georgia Realtors will get 7% of the proceeds from the sale.

Perry Ownbey, a realtor employed with Georgia Realtors, 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:

     Perry Ownbey  
     Georgia Realtors/Eagle Property Svcs, Inc.  
     101 N. Oaks Drive #4
     Dalton, GA 30721

              About Operation Simulation Associates

Founded in 1983, Operation Simulation Associates provides software
and services for the electric power industry with clients in the
USA and worldwide.  OSA is the developer of the PowrSym family of
electric power system generation, transmission, and fuel supply
models.

Wabash Valley Wood Protection, Inc., is an Indiana corporation
founded in 2017 for the purpose of purchasing and operating the
Vincennes, Indiana pressure treating plant and distribution yard
formerly operated as a division of Babb lumber Company.  With the
acquisition, Wabash is adding a new product line of UL fire rated
lumber and plywood.

Operation Simulation Associates, based in Ringgold, Georgia, and
its affiliates sought Chapter 11 protection (Bankr. E.D. Tenn. Lead
Case No. 18-14808) on Oct. 19, 2018.  

In the petitions signed by Roger A. Babb, president, Operation
Simulation Associates estimated $500,000 to $1 million in assets
and $1 million to $10 million in liabilities; Wabash Valley Wood
Protection, Inc., estimated $1 million to $10 million in assets and
liabilities.

The Hon. Shelley D. Rucker presides over the case.  

David J. Fulton, Esq., at Scarborough & Fulton, serves as
bankruptcy counsel to the Debtors.


PEARL CITY: Moody's Alters Outlook on GO Debt to Negative
---------------------------------------------------------
Moody's Investors Service has confirmed the City of Pearl,
Mississippi's outstanding general obligation debt at Ba2. The
outlook has been changed to negative. This action concludes the
review due to insufficient information placed on October 1, 2018.

RATINGS RATIONALE

The confirmation of the Ba2 general obligation rating reflects
receipt of the City of Pearl's 2017 audited financial statements,
thus concluding the under review status that was initiated on
October 1, 2018 for lack of sufficient information. Confirmation of
the Ba2 also reflects the city's prior period adjustment, which
restates the city's fund balance position in fiscal 2017. The Ba2
additionally reflects the city's thin liquidity and fund balance
positions and the city's growing interfund payable due to its
utility funds. The rating additionally reflects the city's elevated
debt and pension burden and moderately-sized tax base in Rankin
County (Aa2), Mississippi.

RATING OUTLOOK

The assignment of a negative outlook reflects the challenges the
city's General Fund faces restoring liquidity and returning to
structural balance given its reliance on borrowing from the city's
enterprise funds and escalating fixed costs.

FACTORS THAT COULD LEAD TO AN UPGRADE/REMOVAL OF THE NEGATIVE
OUTLOOK

  - Trend of balanced operations supporting improved financial
position

  - Elimination of interfund borrowing to support General Fund
operations

  - Substantial tax base growth

  - Material reduction of debt and pension liabilities

FACTORS THAT COULD LEAD TO A DOWNGRADE

  - Erosion of financial position

  - Reliance on short term borrowing or onetime measures to balance
future budgets

  - Declining tax base

  - Material increase in debt or pension liabilities

LEGAL SECURITY

The bonds are secured by an annual ad valorem tax, levied against
all taxable property in the city without legal limitation as to
rate or amount.

PROFILE

The City of Pearl is located in Rankin County, approximately 2
miles east of the state capital of Jackson (Baa3 negative), and
supported a population of 26,344 in 2016. A new mayor took office
late in July 2017.

METHODOLOGY

The principal methodology used in these ratiings was US Local
Government General Oblication Debt published in December 2016.


PEPPERELL MILLS: $2.1MM Offer to Purchase Real Property Disclosed
-----------------------------------------------------------------
Pepperell Mills Limited Partnership and Merrow Sewing Machine
Company filed a first amended disclosure statement with respect to
their first amended plan of reorganization dated Nov. 2, 2018.

The first amended plan discloses that throughout the chapter 11
case, the Debtor has had discussions with various parties regarding
the sale of the real property. The Debtor had two interested
parties in the property, including joint plan proponent, Merrow.
Prior to filing the initial Disclosure Statement and Plan, neither
interested party was willing to pay more than $1.8 million for the
property. A short time prior to filing the amended Plan and
Disclosure Statement, the Debtor received a purchase and sale
agreement (with no deposit and contingencies) offering to purchase
the Property for $2,100,000. The Debtor and Merrow formulated the
Plan in order to provide payment of the MFDA claim, the City of
Fall River taxes and municipal charges, the administrative
expenses, and provide a dividend to the general unsecured
creditors.

The Plan contemplates the following (all amounts are estimated):

A. Payment to MDFA prior to 11/30             $1,613,000
B. Total Payments to City of Fall River       $232,000
C. Payments for administrative claims         $30,000
D. Payment of general unsecured dividend      $50,000

Total Amount Paid by Merrow                   $1,925,000

MDFA has agreed to accept $1,613,000 prior to Nov. 30, 2018 in full
satisfaction of its claim and release of the Debtor and non-Debtor
guarantors (Gene Laudon and Christine Laudon). If payment is
received after Nov. 30, 2018, then MDFA has agreed to accept, on
the same terms and conditions, $1,658,000 on or before March 1,
2019 in full satisfaction and release of the Debtor and non-Debtor
guarantors. If MDFA does not receive payment by March 1, 2019, the
Debtor will pursue other third-party offers to consummate a sale of
the property and payments to its creditors. The amounts due to Fall
River and administrative claims, may likely increase in the event
the proposed Plan is not confirmed.

A copy of the First Amended Disclosure Statement is available for
free at:

      http://bankrupt.com/misc/mab18-11804-111.pdf

               About Pepperell Mills

Pepperell Mills Limited Partnership, based in Fall River,
Massachusetts, filed for Chapter 11 bankruptcy (Bankr. D. Mass.
Case No. 18-11804) on May 15, 2018.  The Debtor estimated $1
million to $10 million in assets and liabilities.  The petition
was
signed by Christine Laudon, president of Pepperell Mills
Associates, general partner. Judge Joan N. Feeney presides over
the
case.  John M. McAuliffe, Esq., at John McAuliffe & Associates,
P.C., serves as counsel to the Debtor.


PETROQUEST ENERGY: Case Summary & 30 Largest Unsecured Creditors
----------------------------------------------------------------
Seven affiliates that have filed voluntary petitions seeking relief
under Chapter 11 of the Bankruptcy Code:

       Debtor                                        Case No.
       ------                                        --------
       PetroQuest Energy, Inc. (Lead Case)           18-36322
       1800 Hughes Landing Blvd., Suite 200
       The Woodlands, TX 77380-3900

       PetroQuest Energy, L.L.C.                     18-36323
       TDC Energy, LLC                               18-36324
       PetroQuest Oil & Gas, L.L.C.                  18-36325
       PQ Holdings, LLC                              18-36326
       Pittrans Inc.                                 18-36327
       Sea Harvester Energy Development, L.L.C.      18-36328

Business Description: PetroQuest Energy, Inc. is an independent
                      oil and gas companies engaged in the
                      exploration, development, acquisition and
                      operation of oil and gas properties in Texas
                      and Louisiana, primarily in the Cotton
                      Valley, Gulf Coast Basin, and Austin Chalk
                      plays.  The Debtors maintain offices in
                      Lafayette, Louisiana and The Woodlands,
                      Texas.  The Debtors currently employ 64
                      people and utilize the services of an
                      additional eight specialized and trained
                      field workers and engineers through third-
                      party service providers.  Visit
                      http://www.petroquest.comfor more
                      information.

Chapter 11 Petition Date: November 6, 2018

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. David R. Jones

Debtors'
Bankruptcy
Counsel:          John F. Higgins, Esq.
                  Joshua W. Wolfshohl, Esq.
                  M. Shane Johnson, Esq.
                  PORTER HEDGES LLP
                  1000 Main Street, 36th Floor
                  Houston, Texas 77002
                  Tel: (713) 226-6000
                  Fax: (713) 226-6248
                  Email: jhiggins@porterhedges.com
                         sjohnson@porterhedges.com
                         jwolfshohl@porterhedges.com

Debtors'
Investment
Banker:           SEAPORT GLOBAL SECURITIES

Debtors'
Financial
Advisor:          FTI CONSULTING, INC.

Debtors'
Claims,
Noticing &
Solicitation
Agent:            EPIQ CORPORATE RESTRUCTURING, LLC
                  https://dm.epiq11.com/#/case/PQE/info

PetroQuest Energy's
Estimated Assets: $1 million to $10 million

PetroQuest Energy's
Estimated Liabilities: $100 million to $500 million

The petition was signed by Charles T. Goodson, chief executive
officer and president.

A full-text copy of PetroQuest Energy's petition is available for
free at:

           http://bankrupt.com/misc/txsb18-36322.pdf

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
Wilmington Trust, N.A.              Second Lien       $284,472,761
Markets, Petroquest Energy             Lender
Secured Notes
Administrator
15950 N. Dallas Pkwy, Suite 550
Dallas, TX 75248

and

Reed Smith LLP
Kurt F. Gwynne
1201 Market Street, Suite 1500
Wilmington, DE 19801

Contact: Kurt F. Gynne
Tel: 302-778-7550
Fax: 860-251-5212
Email: kgwynne@reedsmith.com

WSGP Gas Producing LLC                Working           $2,461,694
601 Travis St.                       Interest
Suite 1900                            Partner
Houston, TX 77002
Contact: Richard Cribbs
Tel: 516-691-7171
Email: Richard.cribbs@nextteraenergy.com

State of Louisiana                 Severance Tax          $746,811
Attn: Jeff Landry
1885 N Third Street
Baton Rouge, LA 70802
Tel: 225-219-3145
Fax: 225-219-3150
Email: admininfo@ag.state.la.us

Tri Drill, Inc.                     Trade Vendor          $453,310
1001 Briar Patch Road
Broussard, LA 70518
Contact: Chief Financial Officer
Tel: 318-365-2025;
     337-365-2025
Fax: 337-365-2031

Mack Oil Co.                          Royalty             $393,037
Attn: Chris K. Fowler                Interest
PO Box 400                             Owner
Duncan, OK 73534
Tel: 580-252-5580
Email: nmeans@invtrustco.com

JGC Exploration Eagle Ford LLC        Royalty             $375,748
3151 Briarpark Drive; Ste 400        Interest
Houston, TX 77042                      Owner
Contact: Alicia Jones
Tel: 832-487-9965
Email: jones.alicia@jgcenergy.com

Produced Water Transfer, LLC       Trade Vendor           $350,000
2110 W Pinhook Rd, Ste 202
Lafayette, LA 70508
Contact: Frank Nazrio
Tel: 337-534-0879
Email: frank@h2omover.com

State Treasurer of West Virginia  2018-Unclaimed          $334,064
Unclaimed Property Division        Property -72-
322 70th S Street, SE                1292439   
Charleston, WV 25304
Contact: State Treasurer
Tel: 304-558-5000
Email: Eclaims_Support@wvsto.com

Talos Resources LLC                  Royalty              $316,061
Attn: Land                          Interest
333 Clay Street Ste 3300              Owner
Houston, TX 77002
Contact: Ash Shepherd
Email: ash.shepherd@talosenergy.com

Chevron USA Inc.                   Trade Vendor           $300,000
1001 Ochsner Blvd; Suite A
Covington, LA 70433
Tel: 713-372-1299
Email: bswaim@chevron.com

Claude Randall Bagley                 Royalty             $271,269
Rita Fayard Bagley                   Interest
1553 Holmes Road                       Owner
Keatchie, LA 71046
Contact: Rita Fayard Bagley
Tel: 318-465-5237
Email: Claude.bagley@excite.com;
       claudebagley@excite.com

Llola, LLC                           Royalty              $197,466
1001 Ochsner Blvd, Suite A           Interest
Covington, LA 70433                   Owner
Contact: David A. Seay
Tel: 985-276-5700
Email: davids@llox.com

Manti, LP                             Royalty             $196,659
Attn: Tim P. Boyle                   Interest
2 Riverway, Suite 1100                 Owner
Houston, TX 77056
Tel: 832-460-0033
Email: tim@mantire.com

James D. Delino Jr.                   Royalty             $187,562
14640 S. Hospital Drive              Interest
Abbeville, LA 70510                    Owner
Tel: 337-316-1956
Email: jddelino@yahoo.com

Courson Oil & Gas, Inc.               Royalty             $176,136
PO Box 809                            Interest
Perryton, TX 79070                     Owner
Contact: Kirk L. Courson
Tel: 806-435-2910
Email: lkcourson@hotmail.com

Texas State Comptroller           2018-Unclaimed          $173,677
Comptroller of Public Accounts     Property - 72 -
111 E 17th St                      1292439;
Austin, TX 78774-0100             Severance Tax
Contact: State Treasurer
Email: ptad.cpa@cpa.texas.gov

Walter Oil & Gas Corp.                Royalty             $147,090
500 Commerce Street                  Interest
Suite 600                              Owner
Fort Worth, TX 76102
Contact: Richard Lucas
Tel: 817-335-222
Email: bdownard@wagneroil.com

Yuma Exploration and Production       Royalty             $127,268
Company, Inc.                         Interest
1177 W Loop S, Ste 1825                Owner
Houston, TX 77027
Contact: Travis Thomas
Tel: 713-968-7005
Email: juliaa@yumacompanies.com

Heckmann Water Resources (CVR)      Trade Vendor          $125,000
35 FRJ Drive
Longview, TX 75602
Contact: Chief Financial Officer
Tel: 412-329-7275
Fax: 903-694-9953

Guichard Operating Co, Inc.         Trade Vendor          $120,000
P.O. Box 2000
Crowley, LA 70527-2000
Contact: Paul Duhon
Tel: 318-783-5141
Fax: 318-783-5155
Email: p.duhon@guichardco.com

Jewitt Paul & Ellas Bergeron HU       Royalty              $96,595
6855 Woodlawn Rd                      Interest
Maurice, LA 70555                      Owner
Contact: Jewitt Paul Hulin
Tel: 337-207-0266
Email: hulinj@bellsouth.com

Sabine Royalty Trust                  Royalty              $85,757
2911 Turtle Creek Blvd Ste 850        Interest
Dallas, TX 75219                       Owner
Contact: Wilma Harding
Email: wilma.harding@southwestbank.com

Thomas Chance Family Carthage         Royalty              $85,162
c/o Mona Woodson                      Interest
209 Cummings Road                      Owner
Broussard, LA 70518
Tel: 337-654-7500
Email: thomas.chance@ascglobal.com

Manti Horizon, Ltd.                   Royalty              $72,478
21245 Smith Rd                        Interest
Covington, LA 70435                    Owner
Contact: Koiliberto
Fax: 985-327-5538
Email: koiliberto@mantires.com

Jay Lagner                            Royalty              $72,192
Gom Capital                           Interest
707 Westchester Avenue                 Owner
White Plains, NY 10604
Contact: Jay Blang
Tel: 914-683-9600
Email: jayblang@gmail.com

Office of Mineral Resources            Royalty             $72,154
PO Box 2827                           Interest
Baton Rouge, LA 70821-2827             Owner
Contact: Shaunda Allement
Tel: 2253424541
Fax: 225-342-3885
Email: shaundra.allement@la.gov

Price Oil LP                           Royalty             $69,870
PO Box 536                            Interest
Ennis, TX 75119                         Owner
Contact: Tom Price
Tel: 972-878-5050
Email: tompri249@sbcglobal.com

Gerald B. Cramer IRR TRU UTA DT        Royalty             $67,667
27777 Franklin Road Suite 2500         Interest
Southfield, MI 48034                    Owner
Contact: Gerald Cramer                  
Tel: 917-683-9600
Email: cstelmack@crmllc.com

Kilgore Operators LLC                  Royalty             $65,832
200 Beaulliue DR, Bldg 8               Interest
Lafayette, LA 70508                      Owner
Contact: Tiffany Credeur
Tel: 337-988-5551
Fax: 337-988-5553
Email: tiff@kilgoremarine.com

Muse Petroleum Corporation             Royalty             $56,499
5080 Spectrum Drive, Suite 600E        Interest
Addison, TX 75001                       Owner
Contact: Thomas Muse
Tel: 214-954-4455
Fax: 214-954-1521
Email: kmuse@musestancil.com


PIERSON LAKES: Dec. 17 Hearing on Final Disclosure Statement
------------------------------------------------------------
The hearing to consider approval of the final disclosure statement
explaining Pierson Lakes Homeowners Association, Inc.'s plan is set
for December 17, 2018, at 10:00 a.m.

The hearing on confirmation of the Final Plan will be held at the
Courtroom of the Judge Robert D. Drain, United States Bankruptcy
Judge, in the United States Bankruptcy Court, Southern District of
New York, 300 Quarropas St, White Plains, New York 10601.

Judge Drain ordered that the affidavit of service of the
Solicitation Package shall be filed with the Court not later than
November 14, 2018.

December 10, 2018, at 4:00 p.m. Eastern Time, is fixed as the last
date and time by which written objections to the confirmation of
the Final Plan must be electronically filed with the Court and
actually received by the attorneys for the Debtor, through Scott D.
Simon, Esq., at One Penn Plaza, 31st Floor, New York, NY 10119

December 13 at 4:00 p.m. Eastern Time is the last date and time by
which a written reply to objections to confirmation of the Final
Plan must be electronically filed with the Court and actually
received by counsel for the objector, with a copy delivered to the
Court's chambers.

There are two classes of secured claims under the Plan. Both
classes will be paid in full. Likewise, the Creditors in each
unsecured class will receive a distribution of 100% of their
allowed claims.

     *Class 1 consists of the Allowed Secured Claim of Popular Bank
on the First Loan in the present principal amount of $225,176.85.
The Allowed Class 1 Claim shall be paid, inclusive of contract
(non-default) interest set forth in the applicable loan documents,
at the rate of $3,472.38 per month. The payments commenced in April
2018 and shall continue after the Effective Date of the Plan on the
first day of each consecutive month thereafter until October 2024.

     *Class 2 consists of the Allowed Secured Claim of Popular Bank
on the Second Loan in the present principal amount of $200,880.28.
The Allowed Class 2 Claim shall be paid in full, inclusive of
contract (non-default) interest set forth in the applicable loan
documents, at the rate of $2,626.01 per month. The payments
commenced in April 2018 and shall continue after the Effective Date
of the Plan on the first day of each consecutive month thereafter
until January 2026.

     *Class 3 consists of Allowed General Unsecured Convenience
Claims. General Unsecured Convenience Claims means Allowed Claims
that would otherwise be classified as General Unsecured Claims but,
with respect to each Allowed Claim either (i) the aggregate amount
of such claim is less than $2,500.00; or (ii) the aggregate amount
of such claim is reduced to $2,500.00 by agreement with holder of
such claim.

     *Class 4 consists of the Allowed Claim of the Sponsors. The
Sponsors shall receive a 100% distribution on the Allowed Class 4
Claim, plus post–Confirmation Date interest at the rate of 4.36%.
The Allowed Class 4 Claim shall be satisfied by giving the Sponsors
a credit not greater than $339,043.00, representing the balance of
the maintenance credit claimed by the Sponsors as of the Petition
Date running from the Petition Date through and including
approximately December 2019.

     *Class 5 consists of the Allowed Claim of EONS. Claim under
this class shall be paid from the proceeds of the D&O policy,
otherwise, payment shall come from the proceeds of a special
assessment of the Members and levied against all Lots situated in
Phase I, except Lot 12, which is owned by the Sponsors in the same
proportional increments and payment terms described in Class 4 of
the Plan.

     *Class 6 consists of the Members of the PLHA. All present and
future Members of the Development shall retain their ownership
interest in their respective Lots and shall remain subject to the
terms and conditions of the Declaration, the Offering Plan and the
By-laws, as each may be amended.

A full-text copy of the Disclosure Statement dated November 1, 2018
is available for free at:

            http://bankrupt.com/misc/nysb18-22463-100.pdf

               About Pierson Lakes Homeowners Association Inc.

Pierson Lakes Homeowners Association, Inc., is a tax-exempt
homeowners association based in Sterlington, New York.

Pierson Lakes Homeowners Association filed a Chapter 11 petition
(Bankr. S.D.N.Y. Case No. 18-22463) on March 27, 2018.  In the
petition signed by Sean Rice, president, the Debtor disclosed $1.55
million in assets and $3.49 million in liabilities. The Hon. Robert
D. Drain presides over the case.  Gary M. Kushner, Esq., and Scott
D. Simon, Esq., at Goetz Fitzpatrick LLP, serve as bankruptcy
counsel to the Debtor.


QUOTIENT LIMITED: MosaiQ CE Mark Self Certification Complete
------------------------------------------------------------
Quotient Limited reported the successful conclusion of the ISO
13485 : 2016 audit of its MosaiQ manufacturing facility and the CE
marking of the MosaiQ instrument.  In addition the Company
disclosed continued strong top line growth for the six month ended
Sept. 30, 2018.

"I am very pleased to report the completion of both the MosaiQ
manufacturing facility audit and the CE marking of the MosaiQ
instrument.  These are key steps in our development plan as they
pave the way for European market access and initial
commercialization in the first half of 2019," commented Franz Walt,
Quotient's chief executive officer.  Mr Walt added, "The recent
MosaiQ manufacturing audit result follows two successful regulatory
audits of our new Allan Robb Campus (ARC) in Scotland and the
receipt of the formal licensure of ARC by our US regulator late
last month.  Quotient is progressing as planned: while we
successfully move the MosaiQ technology closer to market and manage
the consolidation of reagent operations to ARC, we continue to
report strong top line growth in the liquid reagents business."

MosaiQ Platform

MosaiQ, Quotient's next-generation platform is designed to deliver
fast, comprehensive antigen typing, antibody detection and
serological and molecular disease screening, using a single low
volume sample in a high throughput automated format.  MosaiQ
represents a transformative and highly disruptive unified
diagnostic testing platform for transfusion diagnostics and beyond.
Through MosaiQ, Quotient expects to deliver substantial value to
its initial target market of donor testing laboratories by
providing affordable, routine, comprehensive characterization and
screening of blood products, on a single automated instrument
platform designed to radically reduce labor costs and complexity
associated with existing practice.

Quotient Reconfirms the Following Regulatory and Commercial
Milestones

   * European Regulatory Approval – Quotient filed for European
     regulatory approval for its initial MosaiQ IH microarray in
     September 2018 and continues to expect to file for the
     initial Serological Disease Screening (SDS) microarray in the

     first half of calendar 2019

   * European Commercialization – Quotient has already received
     invitations to participate in tenders once MosaiQ has
     obtained European approval for the initial IH microarray

   * IH Microarray Ongoing Development - Quotient continues to
     plan for the expansion of the IH antigen testing menu during
     the second half of calendar 2018

   * U.S. Field Trials - Quotient expects to commence U.S. field
     trials with the expanded antigen testing menu in the first
     half of calendar 2019

   * U.S. Regulatory Approval - Quotient expects to file for U.S.
     and European regulatory approval for the expanded IH
     microarray in the second half of calendar 2019

Fiscal Second Quarter 2019 Financial Results

"The conventional reagent business recognized strong product sales
of $6.2 million in the second quarter, up 6% year over year. Strong
first half top line performance was driven by 14% growth in sales
to OEM customers, while direct product sales grew 22%," said Franz
Walt.  Mr Walt added, "In the quarter gross margin was adversely
impacted by incremental manufacturing costs, including non-cash
expenses of $700,000, related to bringing ARC on line while
continuing to operate our existing production facility. Three
former sites have already been consolidated in ARC and the
remaining manufacturing transfer is expected to be completed before
the end of this fiscal year.  Milestone payments earned from the
approval for sale in the U.S. of certain rare antisera reagents
developed for a key OEM customer contributed $600,000 of other
revenues in the first quarter of last fiscal year."

Capital expenditures totaled $0.2 million in the quarter ended
Sept. 30, 2018, compared with $6.8 million in the quarter ended
Sept. 30, 2017, reflecting the finalization of the construction of
its new conventional reagent manufacturing facility earlier this
year.

Quotient ended the quarter with $68.5 million in available cash and
other short-term investments and $112.8 million of debt, net of
$7.2 million in an offsetting long-term cash reserve account.

Outlook for the Fiscal Year Ending March 31, 2019

  * Product revenue is now expected to be in the range of $25.5 to

    $26.5 million for the full fiscal year.  Other revenue
   (product development fees) of approximately $0.9 million are
    also expected in the fiscal year.  Forecasted other revenue
    assumes the receipt of milestone payments contingent upon
    achievement of regulatory approval for certain products under
    development.  The receipt of these milestone payments involves

    risks and uncertainties.

  * Operating loss, reflecting incremental investments in its
    development priorities, is now expected to be in the range of
    $65 to $75 million including approximately $18 million of non-
    cash expenses such as depreciation, amortization and stock
    compensation.

  * Capital expenditures are still expected to be in the range of
    $5 to $8 million.

Product sales in the third quarter of fiscal 2019 are expected to
be in the range of $6.0 to $6.5 million, compared with $5.7 million
for the third quarter of fiscal 2018.

Quarterly product sales can fluctuate depending upon the shipment
cycles for red blood cell based products, which account for
approximately two-thirds of current product sales.  These products
typically experience 13 shipment cycles per year, equating to three
shipments of each product per quarter, except for one quarter per
year when four shipments occur.  The timing of shipment of bulk
antisera products to OEM customers may also move revenues from
quarter to quarter.  Some seasonality in demand is also experienced
around holiday periods in both Europe and the United States.  As a
result of these factors, Quotient expects to continue to see
seasonality and quarter-to-quarter variations in product sales.
The timing of product development fees included in other revenues
is mostly dependent upon the achievement of pre-negotiated project
milestones.

                     About Quotient Limited

Penicuik, United Kingdom-based Quotient Limited is a
commercial-stage diagnostics company committed to reducing
healthcare costs and improving patient care through the provision
of innovative tests within established markets.  With an initial
focus on blood grouping and serological disease screening, Quotient
is developing its proprietary MosaiQTM technology platform to offer
a breadth of tests that is unmatched by existing commercially
available transfusion diagnostic instrument platforms.  The
Company's operations are based in Edinburgh, Scotland; Eysins,
Switzerland and Newtown, Pennsylvania.

As of June 30, 2018, Quotient Limited had $130.86 million in total
assets, $167.04 million in total liabilities and a total
shareholders' deficit of $36.17 million.

Quotient reported a net loss of $82.33 million for the year ended
March 31, 2018, compared to a net loss of $85.06 million for the
year ended March 31, 2017.

The report from the Company's independent accounting firm Ernst &
Young LLP, in Belfast, United Kingdom, the Company's auditor since
2007, on the consolidated financial statements for the year ended
March 31, 2018, includes an explanatory paragraph stating that the
Company has recurring losses from operations and planned
expenditure exceeding available funding, and has stated that
substantial doubt exists about the Company's ability to continue as
a going concern.


REALOGY GROUP: Moody's Affirms Ba3 CFR & Alters Outlook to Negative
-------------------------------------------------------------------
Moody's Investors Service affirmed Realogy Group LLC's Ba3
Corporate Family rating, Ba3-PD Probability of Default rating, Ba1
senior secured and B1 senior unsecured ratings. The Speculative
Grade Liquidity rating was downgraded to SGL-2 from SGL-1. The
ratings outlook was revised to negative from stable.

RATINGS RATIONALE

"If 2019 is a challenging year in the U.S. existing home sale
market, Realogy's financial results and credit metrics may worsen
from already diminished levels, driving the revision of the ratings
outlook to negative from stable," said Edmond DeForest, Moody's
Senior Credit Officer.

The Ba3 CFR reflects Moody's expectations for stable financial
performance and ongoing financial deleveraging through debt
repayment and EBITDA growth. However, Realogy remains highly
leveraged at nearly 5.5 times debt to EBITDA as of September 30,
2018, although leverage should decline below 5 times by the end of
2019. The residential real estate brokerage market remains
volatile, cyclical and seasonal. Moody's anticipates existing home
sale volume could be pressured by rising average home sale prices
and mortgage interest rates. Additionally, a high proportion of
Realogy's revenues and earnings come from brokerage operations
concentrated in regions with high state and local taxes,
specifically California and New York, where limitations on the
deductibility of mortgage interest and state and local taxes
imposed by the 2017 Tax Cuts and Jobs Act are further hampering
transaction volumes. Realogy has been an active acquirer of its
stock while slightly increasing its debt. Moody's expectations for
diminished share repurchase activity and an emphasis on debt
reduction over the next 12 to 18 months are important
considerations for the Ba3 CFR.

All financial metrics cited reflect Moody's standard adjustments.

The Ba1 rating on the senior secured obligations reflects their
priority position in the capital structure and a Loss Given Default
assessment of LGD2. The debt is secured by a pledge of
substantially all of the company's domestic assets (excluding
accounts receivable pledged for the securitization facility) and
65% of the stock of foreign subsidiaries. The Ba1 rating, two
notches above the CFR, benefits from loss absorption provided by
the junior ranking debt and non-debt obligations.

The B1 rating on the senior unsecured notes reflects the Ba3-PD PDR
and an LGD assessment of LGD5. The LGD assessment reflects
effective subordination to all the secured debt. The senior notes
are guaranteed by substantially all of the domestic subsidiaries of
the company (excluding the securitization subsidiaries). An
increase in the proportion of senior secured to total debt claims
could lead Moody's to downgrade the senior secured to Ba2 or the
unsecured notes to B2.

The SGL-2 SGL rating reflects Realogy's good liquidity profile.
Moody's expects over $200 million of free cash flow. The $1.4
billion senior secured revolving credit facility may be used to
repay the $450 million 4.5% senior unsecured notes due in April
2019 and other maturing debt, support opportunistic debt and equity
repurchases, acquisitions and seasonal working capital needs; over
$500 million is anticipated to remain available at all times. Cash
of $226 million as of September 30, 2018 may be applied to reducing
revolving credit facility borrowings or the 4.5% notes. There is
ample headroom anticipated under financial maintenance covenants
over the next year as leverage is calculated on a senior secured
basis and net of balance sheet cash.

The negative ratings outlook reflects Moody's concerns that if
revenue declines in the 2019 existing home sale season, credit
metrics may not improve in the next 12 to 18 months. The outlook
could be revised to stable if Moody's anticipates financial
policies which emphasize debt repayment, debt to EBITDA will
decline toward 4.5 times and free cash flow to debt will be
maintained around 10%.

The ratings could be upgraded if through some combination of rising
existing unit home sales and average prices or accelerated debt
repayments Moody's comes to expect debt to EBITDA to be sustained
below 4 times and EBITA to interest maintained above 3 times.

The ratings could be downgraded if Moody's anticipates no revenue
growth, debt to EBITDA will remain above 5 times, free cash flow to
debt will remain below 8% or aggressive financial policies,
including large debt financed shareholder returns or acquisitions.


Moody's took the following actions on Realogy Group LLC:

Corporate Family Rating, Affirmed at Ba3

Probability of Default Rating, Affirmed at Ba3-PD

Senior secured bank credit facility, Affirmed at Ba1 (LGD2)

Senior unsecured notes, Affirmed at B1 (LGD5)

Speculative Grade Liquidity Rating, Downgraded to SGL-2 from SGL-1


Outlook, revised to Negative from Stable

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

Realogy is a global provider of real estate and relocation
services. The company operates in four segments: real estate
franchise services, company owned real estate brokerage services,
relocation services and title and settlement services. The
franchise brand portfolio includes Century 21, Coldwell Banker,
Coldwell Banker Commercial, ERA, Sotheby's International Realty and
Better Homes and Gardens Real Estate. Moody's expects 2019 revenues
of over $6 billion.


REGIONAL EVANGELICAL: Court Junks Ch. 11 Case for Bad Faith Filing
------------------------------------------------------------------
Chief Bankruptcy Judge Dale L. Somers granted Karbank Holdings,
LLC's motion to dismiss Debtor Regional Evangelical Alliance of
Churches, Inc.'s chapter 11 bankruptcy case because it was not
filed in good faith.

Karbank alleged that the chapter 11 petition was not filed in good
faith. Prepetition Karbank sued Debtor and others in state court to
enforce a Right of First Negotiation and First Refusal Agreement
(Rights Agreement) with Debtor, which granted Karbank certain
rights to purchase real property owned by Debtor. The state court
found that the Rights Agreement had been breached by Debtor's
transfer of the Property to Diversified Acquisitions, Inc.
(Diversified). Before the court ruled on the remedy to which
Karbank was entitled, which the parties anticipated would have
allowed Karbank to purchase the property for considerably less than
market value, Diversified transferred the property to Debtor. The
next day, Debtor filed for relief under Chapter 11. Karbank
responded with the motion.

In this case, the Property was conveyed to Debtor solely for the
purpose of thwarting Karbank's recovery in the state-court
litigation. When the state court made its ruling, the Property was
owned by Diversified, but Debtor was a party to the Rights
agreement. Debtor's bankruptcy could not effectively thwart
Karbank's anticipated judgment unless Debtor also owned the
Property. But Debtor had no assets and no source of credit to
enable it to purchase the Property, so the fraudulent transfer
settlement was created to enable Debtor to acquire title to the
Property without payment. The stated consideration was settlement
of an alleged claim that the 2016 deed-in-lieu transfer of the
Property to Diversified was fraudulent, but that contention is
diametrically opposed to the positions that Debtor and Diversified
had taken during the two year state-court litigation, where both
Debtor and Diversified argued that the transfer was a bona fide
transfer by deed in lieu of foreclosure.

The Court concludes that Karbank has shown that Debtor's case was
not filed in good faith. There is nothing sinister in Debtor's
attempt to use the Bankruptcy Code to evade the state-court ruling.
Other than success on rehearing or appeal of the state-court
ruling, it was only avenue available to Debtor at the time to
possibly realize the full value of the Property. However, the
interpretation of the Bankruptcy Code and the facts of this case
require a bad faith finding.

The Court, therefore, finds that this case was not filed in good
faith. The transfer of the Property from Diversified to Debtor
shortly before the expected ruling in the state court granting
Karbank a remedy for Debtor's breach of the Rights Agreement and
Debtor’s filing of the Chapter 11 petition the following day were
a creative plan to thwart Karbank's recovery. But that plan has the
characteristics of a "new debtor syndrome" bad faith filing. The
case is therefore subject to dismissal as not having been filed to
accomplish the purposes of the Bankruptcy Code.

A copy of the Court's Memorandum Opinion dated Nov. 6, 2018 is
available at:

    http://bankrupt.com/misc/ksb18-11065-129-1.pdf

     About Regional Evangelical Alliance of Churches, Inc.

Regional Evangelical Alliance of Churches, Inc. filed as a Single
Asset Real Estate (as defined in 11 U.S.C. Section 101 (51B)),
whose principal assets are located at 7501 Belinder Avenue,
Prairie
Village, Kansas.  The Property is valued by the company at $1.91
million.

Regional Evangelical Alliance of Churches, Inc. filed a Chapter 11
petition (Bankr. D. Kan. Case No. 18-11065) on June 1, 2018.  In
the petition signed by Craig McElvain, executive director, the
Debtor disclosed $1.95 million in total assets and $1.84 million
in
total liabilities.  Edward J. Nazar, Esq., at HINKLE LAW FIRM,
L.L.C., is the Debtor's counsel.


REMARKABLE HEALTHCARE: Likely No Funds Left for Unsecured Claims
----------------------------------------------------------------
Remarkable Healthcare of Carrollton, LP, et al., filed a joint plan
of reorganization and accompanying disclosure statement disclosing
that due to the large amount of Secured Claims against the Debtors,
there likely will be little or no funds remaining for distribution
to holders of Allowed Claims if the Plan is not confirmed and the
Debtors are forced to liquidate, delay the distributions process,
and possibly add additional administrative claims of professionals.


Current management will remain in place with current annual
salaries and duties, including Laurie Beth McPike, President/Chief
Executive Officer at $260,000, Jon E. McPike, Chief Operating
Officer at $175,000, and Jessica Anderson, Chief Clinical Officer
at $145,000.

The Debtors' assets consist largely of accounts receivable (AR) and
cash in the total amount of approximately $9,600,000.  The Debtors
also scheduled approximately $150,000 in office FFE and perishable
inventory and listed other assets.

A copy of the Disclosure Statement is available at
https://tinyurl.com/yc7y98uo from PacerMonitor.com at no charge.

                   About Remarkable Healthcare

Remarkable Healthcare operates skilled nursing facilities in
Dallas, Fort Worth, Prestonwood and Seguin, Texas.  All Remarkable
facilities are designed to meet the needs of patients requiring
post-acute recovery and therapy or residents needing a longer-term
stay.  Services are tailored to each individual with the goal of
facilitating increased strength and mobility while minimizing pain
and impairment.  Remarkable's programs are designed to help
patients recover quickly from surgery, injury, or serious illness
and speed up the recovery process.

Remarkable Healthcare of Carrollton, LP and its affiliates filed
voluntary petitions (Bankr. E.D. Tex. Lead Case No. 18-40295) on
Feb. 12, 2018, seeking relief under Chapter 11 of the Bankruptcy
Code.

In the petitions signed by Laurie Beth McPike, president of LBJM,
LLC, its general partner, Remarkable Healthcare of Carrollton,
Remarkable Healthcare of Dallas, Remarkable Healthcare of Fort
Worth and Remarkable Healthcare of Seguin, each had estimated $1
million to $10 million in assets and liabilities; and Remarkable
Healthcare had $100,000 to $500,000 in estimated assets and $1
million to $10 million in estimated liabilities.

Mark A. Castillo, Esq., at Curtis Castillo PC, serves as the
Debtors' counsel.

The Office of the U.S. Trustee on March 19, 2018, appointed two
creditors to serve on an official committee of unsecured creditors
in the Chapter 11 cases.  The Committee tapped Searcy & Searcy,
P.C., as its legal counsel.



REYNOLDS DEVELOPMENT: Unsecureds to Recover 10% Over 5 Years
------------------------------------------------------------
Reynolds Development Company, LLC filed with the U.S. Bankruptcy
Court for the District of Nebraska a combined plan of
reorganization and disclosure statement.

Reynolds Development Company was formed in 2016 as a commercial
leasing, renovation, and rehabilitation company.

The plan proposes to pay unsecured claims 10% of the allowed amount
of the claim to be paid over a period of five years with the first
payment to made one year from the date of confirmation of the plan
and on the same date thereafter for four more years.

The debtor will make payments from continued construction
operations of Ryan Reynolds and personal capital contributions from
Ryan Reynolds as needed to effectuate the terms of the plan.

A copy of the Disclosure Statement is available for free at:

     http://bankrupt.com/misc/neb18-41099-20.pdf

Reynolds Development Company, LLC filed for chapter 11 bankruptcy
protection (Bankr. D. Neb. Case No. 18-41099) on July 6, 2018, and
is represented by John C. Hahn, Esq. of Wolfe, Snowden, Hurd,
Luers, & Ahl, LLP.


ROCKIES REGION: Seeks to Hire HMP, Designate 'Responsible Party'
----------------------------------------------------------------
Rockies Region 2006 Limited Partnership and Rockies Region 2007
Limited Partnership seek approval from the U.S. Bankruptcy Court
for the Northern District of Texas to hire Harney Management
Partners, and designate Karen Nicolaou, the firm's managing
director, as "responsible party."

Ms. Nicolaou and her firm will serve as the authorized
representative for each Debtor in all matters relating to their
Chapter 11 cases.  The services to be provided include overseeing
the sale of the Debtors' assets; supervising their legal advisors;
preparing monthly operating reports and financial analysis; and
managing the bankruptcy process.

Harney Management will charge these hourly rates:

     Principal                  $425    
     Director                   $350  
     Manager                    $250  
     Consultants                $150  
     Administrative Support      $80

In addition, Harney Management will be paid a transaction fee of 3%
of the first $1 million in net proceeds received from any sale of
the Debtors' assets and any other transaction that results in cash
being distributed to their limited partners; and 2% of any
additional net proceeds greater than $1 million received in the
transaction.  

The Debtors provided the firm a retainer in the sum of $70,000
prior to their bankruptcy filing.

Harney Management is "disinterested" as defined in section 101(14)
of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Karen Nicolaou
     Harney Management Partners
     One Riverway
     777 S. Post Oak Lane, Suite 1700
     Houston, TX 77056
     Phone: (713) 805-2343

                   About Rockies Region 2006 and
                        Rockies Region 2007

Rockies Region is a privately-subscribed West Virginia limited
partnership, which owns a working interest in wells located in
Colorado, from which the partnership produces and sells crude oil,
natural gas, and natural gas liquids.

Rockies Region 2006 Limited Partnership and Rockies Region 2007
Limited Partnership sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case Nos. 18-33513 and 18-33514)
on Oct. 30, 2018.  

Rockies Region 2006 disclosed $304,921 in assets and $3,034,219 in
liabilities, and Rockies Region 2007 reported $530,155 in assets
and $1,879,000 in liabilities as of the bankruptcy filing.

Judge Stacey G. Jernigan presides over the cases.  

The Debtors tapped Reed & McGraw LLP as legal counsel; BMC Group,
Inc. as noticing, solicitation, and tabulation agent; and Karen
Nicolaou, managing director of Harney Management Partners, as
responsible party.


ROCKIES REGION: Taps BMC Group as Noticing Agent
------------------------------------------------
Rockies Region 2006 Limited Partnership and Rockies Region 2007
Limited Partnership received approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire BMC Group, Inc.

BMC will serve as the Debtors' noticing, solicitation and
tabulation agent in connection with their Chapter 11 cases.  The
firm will oversee the distribution of notices and other documents;
assist the Debtors in the solicitation of votes for their plan;
facilitate the payments under the plan; and provide other technical
and document management services.

The firm will charge these hourly rates:

     Administrative Support                $25 - $35
     Analysts/Case Support Associates      $30 - $50               
      
     Technology/Programming                $35 - $95  
     Consultants/Senior Consultants        $65 - $150
     Project Manager/Director             $175 - $195
     Principal/Executive Charges            Waived

Tinamarie Feil, president and co-founder of BMC, disclosed in a
court filing that the firm is "disinterested" as defined in Section
101(14) of the Bankruptcy Code.

BMC can be reached through:

     Tinamarie Feil
     BMC Group, Inc.
     600 1st Avenue
     Seattle, WA 98104
     Phone: 206.516.3300

                   About Rockies Region 2006 and
                        Rockies Region 2007

Rockies Region is a privately-subscribed West Virginia limited
partnership, which owns a working interest in wells located in
Colorado, from which the partnership produces and sells crude oil,
natural gas, and natural gas liquids.

Rockies Region 2006 Limited Partnership and Rockies Region 2007
Limited Partnership sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case Nos. 18-33513 and 18-33514)
on Oct. 30, 2018.  

Rockies Region 2006 disclosed $304,921 in assets and $3,034,219 in
liabilities, and Rockies Region 2007 reported $530,155 in assets
and $1,879,000 in liabilities as of the bankruptcy filing.

Judge Stacey G. Jernigan presides over the cases.  

The Debtors tapped Reed & McGraw LLP as legal counsel; BMC Group,
Inc. as noticing, solicitation, and tabulation agent; and Karen
Nicolaou, managing director of Harney Management Partners, as
responsible party.


ROCKIES REGION: Taps Gray Reed as Legal Counsel
-----------------------------------------------
Rockies Region 2006 Limited Partnership and Rockies Region 2007
Limited Partnership seek approval from the U.S. Bankruptcy Court
for the Northern District of Texas to hire Gray Reed & McGraw LLP
as their legal counsel.

The firm will advise the Debtors regarding their duties under the
Bankruptcy Code; assist in the preparation of a bankruptcy plan;
and provide other legal services related to their Chapter 11
cases.

Gray Reed's customary hourly rates range from $275 to $875 for
attorneys and from $175 to $285 for paraprofessionals.  The
attorneys who will be handling the cases are:

     Jason Brookner     Shareholder     $685
     Lydia Webb         Associate       $485
     Amber Carson       Associate       $395

As of the petition date, Gray Reed has received $112,999.28 for
services rendered and expenses incurred, leaving a balance of
$27,000.72 to be held as a retainer for its post-petition
services.

Gray Reed is "disinterested" as defined in section 101(14) of the
Bankruptcy Code, according to court filings.

The firm can be reached through:

     Jason S. Brookner, Esq.
     Lydia R. Webb, Esq.
     Amber M. Carson, Esq.
     1601 Elm Street, Suite 4600
     Dallas, TX 75201
     Telephone: (214) 954-4135
     Facsimile: (214) 953-1332
     E-mail: jbrookner@grayreed.com  
     E-mail: lwebb@grayreed.com  
     E-mail: acarson@grayreed.com

                   About Rockies Region 2006 and
                        Rockies Region 2007

Rockies Region is a privately-subscribed West Virginia limited
partnership, which owns a working interest in wells located in
Colorado, from which the partnership produces and sells crude oil,
natural gas, and natural gas liquids.

Rockies Region 2006 Limited Partnership and Rockies Region 2007
Limited Partnership sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case Nos. 18-33513 and 18-33514)
on Oct. 30, 2018.  

Rockies Region 2006 disclosed $304,921 in assets and $3,034,219 in
liabilities, and Rockies Region 2007 reported $530,155 in assets
and $1,879,000 in liabilities as of the bankruptcy filing.

Judge Stacey G. Jernigan presides over the cases.  

The Debtors tapped Reed & McGraw LLP as legal counsel; BMC Group,
Inc., as noticing, solicitation, and tabulation agent; and Karen
Nicolaou, managing director of Harney Management Partners, as
responsible party.


ROSS COTTOM: Unsecureds to Get 100% in 10 Semi-Annual Payments
--------------------------------------------------------------
Ross Cottom Lanes Inc. submits a disclosure statement in connection
with its chapter 11 plan of reorganization.

Class 3 unsecured creditors will be paid in full. This filed or
listed unsecured claims of $941,283.79. The Class 3 claimants will
be paid $50,000 over a five-year period with semi-annual payments
of $5,000, to be paid pro-rata, beginning in June 30, 2019 and
semi-annually thereafter for a total of 10 semi-annual payments. No
interest will accrue on the indebtedness. This class is impaired.

The property of the Debtor will revest in the Debtor upon
confirmation. The stockholder of the Debtor, Doug Cottom, will
remain stockholder in the
Post-confirmation Debtor and will own 100% of the interest in the
corporation.

A copy of the Disclosure Statement is available for free at:

      http://bankrupt.com/misc/ilsb18-40016-47.pdf

              About Ross Cottom Lanes

Ross Cottom Lanes Inc. owns in fee simple interest a 16-lane
bowling center on approximately two acres of land located at 2080
Highway 45 N. Harrisburg, Illinois.  The property is valued by the
company at $750,000.  Ross Cottom Lanes is a small business debtor
as defined in 11 U.S.C. Section 101(51D), with gross revenue
amounting to $330,136 for fiscal year 2017 and $371,993 for fiscal
year 2016.

Ross Cottom Lanes sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Ill. Case No. 18-40016) on Jan. 8,
2018.  In its petition signed by authorized representative Douglas
E. Cottom, the Debtor disclosed $864,725 in assets and $2.31
million in liabilities.  Judge Laura K. Grandy presides over the
case.  Antonik Law Offices serves as counsel to the Debtor.


SINGLETON FOOD: Taps Scott B. Riddle as Legal Counsel
-----------------------------------------------------
Singleton Food Services, Inc., seeks approval from the U.S.
Bankruptcy Court for the Northern District of Georgia to hire the
Law Office of Scott B. Riddle, LLC as its legal counsel.

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

Scott Riddle, Esq., managing member of the firm and the attorney
who will be handling the case, charges an hourly fee of $350.

The firm received $20,000 from the Debtor for legal services it
provided before and after the filing of the case.  A portion of the
amount is held as a retainer.  The Debtor also paid $1,717 for the
filing fee.

Mr. Riddle disclosed in a court filing that he has not represented
and does not represent any interest adverse to the Debtor.

The firm can be reached through:

     Scott B. Riddle, Esq.
     Law Office of Scott B. Riddle, LLC
     Tower Place, Suite 1800
     3340 Peachtree Road, NE
     Atlanta, GA 30326
     Tel: 404-815-0164
     Fax: 404-815-0165
     Email: scott@scottriddlelaw.com

                About Singleton Food Services

Singleton Food Services, Inc., is a privately-held company in
Ellijay, Georgia, operating in the restaurants industry.

Singleton Food Services sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 18-22157) on Nov. 3,
2018.  In the petition signed by Edward J. Singleton Jr., chairman
and CEO, the Debtor estimated assets of $1 million to $10 million
and liabilities of $1 million to $10 million.  The Debtor tapped
the Law Office of Scott B. Riddle, LLC as its legal counsel.


SKEFCO PROPERTIES: Hearing on Plan Outline Continued to Dec.13
--------------------------------------------------------------
The hearing to consider the adequacy of the amended disclosure
statement explaining Skefco Properties, Inc.'s Chapter 11 plan is
continued to December 13, 2018 at 9:30 a.m.

The Debtor's amended Disclosure Statement provides an update on the
Debtor's assets.  The Debtor has sold four properties since July.
Until the properties are sold, the Debtor will continue to pay
adequate protection payments to lenders.

A copy of the Amended Disclosure Statement is available at
https://tinyurl.com/ybasf23m from PacerMonitor.com at no charge.

                    About Skefco Properties

Skefco Properties, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Tenn. Case No. 17-28262) on Sept. 19, 2017.  In the
petition signed by its president, James Skefos, the Debtor
estimated assets and liabilities under $500,000.  The Debtor hired
The Law Office of Craig & Lofton, P.C., as its bankruptcy counsel;
and Eugene G. Douglass, Esq., as co-counsel.


SOAPTREE HOLDINGS: Taps Andersen Law Firm as Legal Counsel
----------------------------------------------------------
Soaptree Holdings LLC seeks approval from the U.S. Bankruptcy Court
for the District of Nevada to hire Andersen Law Firm, Ltd. as its
legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; represent the Debtor in negotiation with its
creditors; assist the Debtor in any potential sale of its assets;
prepare a plan of reorganization; and provide other legal services
related to its Chapter 11 case.

Andersen charges these hourly rates:

     Ryan Andersen, Esq.     $340
     Ani Biesiada, Esq.      $250
     Paralegals              $130

The firm received a retainer of $20,000 from the Debtor's managing
member, which comprises a capital contribution to the Debtor.

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

Andersen can be reached through:

     Ryan A. Andersen, Esq.  
     Ani Biesiada, Esq.  
     Andersen Law Firm, Ltd.
     101 Convention Center Drive, Suite 600
     Las Vegas, NV 89109
     Phone: 702-522-1992
     Fax: 702-825-2824
     Email: ryan@vegaslawfirm.legal
     Email: ani@vegaslawfirm.legal

                    About Soaptree Holdings

Soaptree Holdings LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 18-16378) on Oct. 24,
2018.  Judge August B. Landis presides over the case.  The Debtor
tapped Andersen Law Firm, Ltd., as its legal counsel.


SPANISH BROADCASTING: Posts $8.7 Million Net Income in 3rd Quarter
------------------------------------------------------------------
Spanish Broadcasting System, Inc. has filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting net
income of $8.66 million on $34.03 million of net revenue for the
three months ended Sept. 30, 2018, compared to a net loss of $7.08
million on $32.79 million of net revenue for the three months ended
Sept. 30, 2017.

For the nine months ended Sept. 30, 2018, the Company reported net
income of $3.29 million on $102.72 million of net revenue compared
to a net loss of $15.35 million on $98.32 million of net revenue
for the same period in 2017.

As of Sept. 30, 2018, Spanish Broadcasting had $437.66 million in
total assets, $530.24 million in total liabilities and a total
stockholders' deficit of $92.57 million.

"Our third quarter results evidenced sustained growth at all of our
business units, as previously announced.

"Core radio revenues grew 9% while Consolidated net revenues were
up 4% and Adjusted OIBDA grew 34%, reflecting the Company's ability
to effectively grow its top-line while simultaneously maintaining
strict cost controls.

"Year-to-date margins increased to 40% and were, as they have been
consistently, among the highest in the media sector.  Likewise, our
year-to-date Consolidated Adjusted OIBDA grew by 45%.

"The Company looks to continue this strong operational and
financial performance at all of its operating divisions in the
fourth quarter with revenue pacings currently tracking +13% and
costs remaining firmly in check.  In addition, our major-market
audience ratings continue to be the best since commencing
operations in 1983.

"We expect a robust fourth quarter to be contributive to a 2018
Consolidated OIBDA in the $50 Million range - one of the best
financial performances in the Company's 35-year history.

"Looking to 2019, we will be implementing a number of growth
initiatives in our digital, experiential, audio and video units in
order to enhance our standing as a premier producer and distributor
of entertainment content.

"We look forward to previewing our fourth quarter and full year
2018 estimates in January," commented Raul Alarcon, Chairman and
CEO.

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

                        https://is.gd/NEjmWf

                      About Spanish Broadcasting

Based in Miami, Florida, Spanish Broadcasting System, Inc.
(OTCMKTS:SBSAA) -- http://www.spanishbroadcasting.com/-- owns and
operates radio stations located in the top U.S. Hispanic markets of
New York, Los Angeles, Miami, Chicago, San Francisco and Puerto
Rico, airing the Tropical, Regional Mexican, Spanish Adult
Contemporary, Top 40 and Urbano format genres.  SBS also operates
AIRE Radio Networks, a national radio platform of over 250
affiliated stations reaching 94% of the U.S. Hispanic audience.
SBS also owns MegaTV, a network television operation with
over-the-air, cable and satellite distribution and affiliates
throughout the U.S. and Puerto Rico, produces a nationwide roster
of live concerts and events, and owns a stable of digital
properties, including La Musica, a mobile app providing
Latino-focused audio and video streaming content and HitzMaker, a
new-talent destination for aspiring artists.

The report from the Company's independent accounting firm Crowe
Horwath LLP, the Company's auditor since 2013, on the consolidated
financial statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the 12.5% Senior Secured Notes
had a maturity date of April 15, 2017.  Cash from operations or the
sale of assets was not sufficient to repay the notes when they
became due.  In addition, for the year ended Dec. 31, 2017, the
Company had a working capital deficiency and negative cash flows
from operations.  These factors raise substantial doubt about its
ability to continue as a going concern.

Spanish Broadcasting reported net income of $19.62 million for the
year ended Dec. 31, 2017, compared to a net loss of $16.34 million
for the year ended Dec. 31, 2016.  As of June 30, 2018, the Company
had $437.4 million in total assets, $538.6 million in total
liabilities and a total stockholders' deficit of $101.2 million.

                          *     *     *

In May 2017, S&P Global Ratings withdrew its 'D' corporate credit
rating and issue-level ratings on Spanish Broadcasting System.

"We withdrew the ratings because we were unlikely to raise them
from 'D', based on SBS' ongoing plans to restructure its debt,"
said S&P Global Ratings' credit analyst Scott Zari.  S&P had
downgraded SBS to 'D' on April 21, 2017, following the company's
announcement that it didn't repay its $275 million 12.5% senior
secured notes that were due April 15, 2017, as reported by the TCR
on May 25, 2017.

In April 2017, Moody's Investors Service downgraded SBS's corporate
family rating to 'Ca' from 'Caa2'.  SBS's 'Ca' corporate family
rating reflects an elevated expected loss rate following the
default under the company's 12.5% senior secured notes due April
2017, said Moody's.


SPEED VEGAS: Court Issues Final Decree Closing Chapter 11 Case
--------------------------------------------------------------
The Bankruptcy Court has issued an order and final decree closing
the Chapter 11 case of Speed Vegas, LLC, following the sale of
substantially all of its assets and the confirmation of its Chapter
11 plan of reorganization.

On July 10, 2018, the Debtor closed on the sale of assets to
Motorsports. The Plan became effective on that date and a notice of
Effective Date was promptly filed and served.

Since the Effective Date, the Debtor has been winding up its
affairs as a liquidating entity.  The Debtor continues to comply
with its administrative obligations in the Chapter 11 Case,
including filing operating reports and payment of statutory fees.
The Debtor has completed also items related to the sale, including
completion of a post-closing reconciliation with Motorsports.  In
addition, consistent with the Plan, the Debtor has made
distributions to holders of allowed priority "gap" claims and to
the agent for the Prepetition Senior Loan Claims.  No other
prepetition creditors are receiving a distribution under the Plan.

A full-text copy of the Amended Combined Chapter 11 Plan and
Disclosure Statement is available at:

         http://bankrupt.com/misc/deb17-11752-306.pdf

                        About Speed Vegas

Speed Vegas, LLC -- https://speedvegas.com/ -- owns a car racing
track in the Las Vegas Valley, Nevada.  Speed Vegas allows guests
to drive sports cars around a custom race track: a 1.5 mile track,
with a half mile straight.  Racers can choose from a multi-million
dollar collection of exotic supercars: Ferrari, Lamborghini,
Porsche, Mercedes and more.

Alleged creditors Phil Fiore, Velocita, LLC, EME Driving, LLC,
Thomas Garcia, Sloan-Speed, LLC, and T-VV, LLC, filed an
involuntary Chapter 11 petition (Bankr. D. Del. Case No. 17-11752)
against Speed Vegas on Aug. 12, 2017.  The petitioning creditors
are represented by Steven K. Kortanek, Esq., at Drinker, Biddle, &
Reath LLP.

On Dec. 15, 2017, the Delaware Court converted the involuntary
bankruptcy petition to a voluntary action.

The Hon. Kevin J. Carey presides over the case.

Bielli & Klauder, LLC, is the Debtor's bankruptcy counsel.



SPICY VINES: Unsecured Creditors to Recoup 100% Under Proposed Plan
-------------------------------------------------------------------
Spicy Vines, LLC, filed with the U.S. Bankruptcy Court for the
Northern District of California a combined plan and disclosure
statement dated Nov. 2, 2018.

General Unsecured Creditors who have been classified as Vendors are
to be paid 100% of their Allowed Claims in monthly installments
over 36 months. General Unsecured Creditors who are classified as
Note Holders are to be paid 100% of their Allowed Claims in monthly
installments over 72 months. Equity Holders are to retain their
interest in the Debtor unmodified. Taxes and other priority claims
would be paid in full.

If the Plan is confirmed, the payments promised in the Plan
constitute new contractual obligations that replace the Debtor's
pre-confirmation debts. Creditors may not seize their collateral or
enforce their pre-confirmation debts so long as Debtor performs all
obligations under the Plan. If Debtor defaults in performing Plan
obligations, any creditor can file a motion to have the case
dismissed or converted to a Chapter 7 liquidation, or enforce their
non-bankruptcy rights. The debtor will be discharged from all
pre-confirmation debts (with certain exceptions) if Debtor makes
all Plan payments.

A copy of the Disclosure Statement is available for free at:

    http://bankrupt.com/misc/canb18-10715-13.pdf

                   About Spicy Vines

Based in Healdsburg, California, Spicy Vines, LLC produces spiced
wines and offers its products through retailers and online.

Creditors Douglas B. Hackett, Brush Bernard, CPAs, and Joyce Law
Group, APC filed an involuntary chapter 11 petition (Bankr. N.D.
Cal. Case No. 18-10715) on Oct. 18, 2018.


SPINLABEL TECHNOLOGIES: Nov. 28 Plan Confirmation Hearing Set
-------------------------------------------------------------
The Bankruptcy Court has conditionally approved the disclosure
statement explaining SpinLabel Technologies, Inc.'s Amended Chapter
11 plan of reorganization and scheduled the hearing to consider
confirmation of the plan for November 28, 2018 at 02:00 PM.

The Debtor amended its Plan to incorporate modified terms for exit
financing.  The Debtor now intends to obtain exit financing in the
total amount of $1,550,000 from various exit lenders in exchange
for a convertible note and related loan documents that provide for
repayment of the loans or conversion to New Equity in the
Reorganized Debtor that would total 31% of New Equity in the
Reorganized Debtor based on the total amount of $1,550,000, free
and clear of all liens, claims and encumbrances of any kind or
nature.

The proposed lenders are Alan Shugarman, Michael Neubauer, Paula K.
Norwood, Allen D. McGee, and Jeffrey L. Goldberg.  Two of the
proposed exit lenders, Alan Shugarman and Michael Neubauer, are
insiders of the Debtor.  Alan Shugarman and Michael Neubauer are
the two primary consultants for Built for Health, Inc., who the
Debtor has employed as a restructuring consultant as of August 9,
2017.  Alan Shugarman also serves as a director of the Debtor.

The Debtor will be allocating a total of 10,000,000 shares of New
Equity under the Plan and has prepared the Illustrative New Equity
Schedule to demonstrate the potential distribution of such New
Equity based on an Effective Date of November 30, 2018.

The Illustrative New Equity Schedule shows:

   (i) the anticipated distribution to the holders of Allowed
Equity Interest of the Pro Rata share of 12% of non-voting New
Equity in the Reorganized Debtor provided under the Plan, which
amount is determined based upon the Allowed Equity Interest held as
of the Petition Date;

  (ii) the proposed distribution to holders of Allowed General
Unsecured Claims, whose Claims are based upon money loaned to the
Debtor, of the Pro Rata share of 10% of New Equity in the
Reorganized Debtor, assuming that all those claimants elect the New
Equity treatment under the Plan;

(iii) the proposed distribution to holders of Allowed Secured
Claims of the Pro Rata share of 5% of New Equity in the Reorganized
Debtor, assuming that all the claimants elect such New Equity
treatment under the Plan; and

  (iv) the proposed distribution to holders of Allowed DIP Loan
Secured Claims with an Effective Date of November 30, 2018,
assuming that all those claimants elect to receive New Equity in
the Reorganized Debtor under the Plan.

The Illustrative New Equity Schedule is based upon the following
assumptions: (i) the holders of Allowed General Unsecured
Creditors, whose Claims are not based upon money loaned to the
Debtor, do not elect to share in the 10% of New Equity in the
Reorganized Debtor, (ii) the Allowed Amounts of Equity Interest,
General Unsecured Claims, and Secured Claims are based on figures
that account for the Debtor's anticipated objections and assumes
that such objections are sustained, and (iii) all holders of
Allowed General Unsecured Claims based upon money loaned to the
Debtor, Allowed Secured Claims and Allowed DIP Loan Secured Claims
elect the New Equity treatment provided to their respective Classes
under the Plan.

A copy of the Disclosure Statement is available at
https://tinyurl.com/y6u8va9t from PacerMonitor.com at no charge.

                  About SpinLabel Technologies

SpinLabel Technologies, Inc. -- http://www.spinlabels.com/-- is a
Florida-based company dedicated to building and licensing its
unique labeling technology that builds brand value by engaging
current and prospective customers in the shopping corridor and at
home.

SpinLabel's proprietary, patented label Technology enables a
spinning label (an outer Label over an inner label) to almost
double the valuable messaging space on a container.  SpinLabel is
aligned with top label manufacturers globally to facilitate easy
integration into most types of existing consumer product
packaging.

Based in Miami, Florida, SpinLabel -- which does business as
Spinformation, Inc., as Accudial Pharmaceutical, Inc., and as
Accudial, Inc. -- filed a Chapter 11 petition (Bankr. S.D. Fla.
Case No. 17-20123) on Aug. 9, 2017. In the petition signed by Alan
Shugarman, its director, the Debtor estimated $1 million to $10
million in both assets and liabilities.  Bradley S. Shraiberg,
Esq., at Shraiberg Landaue & Page PA, serves as the Debtors'
bankruptcy counsel. Genovese Joblove & Battista, P.A., as special
counsel; and Marcum LLP tax accountant.

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



STONEMOR PARTNERS: Expects Net Loss to Stay Flat in Q1 2018
-----------------------------------------------------------
StoneMor Partners L.P. reported preliminary financial results for
the three months ended March 31, 2018.  Under its current credit
agreement, the Partnership was required to file its Form 10-Q for
the first quarter by Oct. 15, 2018.  As reported on Oct. 17, 2018,
the Partnership is experiencing additional delays filing its Form
10-Q for the period ending March 31, 2018 due primarily to the
implementation and application of Accounting Standard Codification
606, Revenue from Contracts with Customers.  The failure to file
the Form 10-Q by Oct. 15, 2018 constituted an event of default
under its credit agreement.  The Partnership is currently working
with its lenders to resolve the issue and expects to obtain the
necessary waiver.  However, there can be no assurance that the
lenders will ultimately provide the waiver, the terms on which it
will be provided or the impact, if any, there will be on the
Partnership's financial statements for the period ended March 31,
2018 or for any other period.

Effective Jan. 1, 2018, the Partnership adopted ASC 606, Revenue
from Contracts with Customers, using the modified retrospective
method and applying the new standard to all contracts with
customers.  Therefore, the comparative financial information for
the periods in 2017 has not been restated and continues to be
reported under the accounting standards in effect for that period.
On a preliminary basis, the Partnership reported the following
results:

   * Revenues are expected to be approximately $77.9 million
     compared to $82.9 million for the prior year period.  The
     decline was due primarily to an unfavorable comparison to the

     first quarter of 2017 when revenues benefited from a large
     backlog of preneed cemetery merchandise that became available

     to be serviced and a decline in revenue from funeral home
     services, partly the result of divested properties.  As noted
     above, the Partnership applied the modified retrospective
     method of adoption of ASC 606.  Had ASC 606 been applied to
     revenue for the quarter ended March 31, 2017, revenue as
     reported would have been reduced by approximately $1.2
     million.

   * First quarter net loss is expected to be flat over the prior
     year period at $8.6 million.  Losses continue to be affected
     by higher corporate overhead related to professional fees
     associated with delayed financial filings and legal costs.

   * Merchandise trust value at March 31, 2018 is expected to be
     $508.7 million compared to $515.5 million at Dec. 31, 2017.
     The decline was primarily the result of a reduction in the
     fair value of certain of the Partnership's investments
     partially offset by net contributions to the trusts and trust

     net income.

   * Deferred revenue at March 31, 2018 is expected to be $902.9
     million compared to $912.6 million at Dec. 31, 2017.  The
     decline was primarily the result of changes in fair values of
     merchandise trusts and changes in trust net income which are
     both deferred for accounting purposes.

   * As of March 31, 2018, the Partnership is expected to have
     $10.4 million of cash and cash equivalents and $322.2 million

     of total debt, including $154.4 million outstanding under its

     revolving credit facility.

Joe Redling, StoneMor's president and chief executive officer said,
"Our first quarter financial results, while preliminary, highlight
challenges we are currently addressing, which include filing our
financial statements in a timely manner and a need to reduce costs
and improve sales productivity.  Since I joined StoneMor three
months ago, we have established a new decentralized operating
structure to drive improvements in accountability, efficiency and
overall profitability across our network of properties.  We are
also implementing a comprehensive expense reduction effort and will
have more details to disclose in coming quarters on these
profitability and cost control efforts.  We are working hard to
turn around the business and better position StoneMor for future
opportunities."

                      About StoneMor Partners

StoneMor Partners L.P., headquartered in Trevose, Pennsylvania --
http://www.stonemor.com/-- is an owner and operator of cemeteries
and funeral homes in the United States, with 322 cemeteries and 91
funeral homes in 27 states and Puerto Rico.  StoneMor's cemetery
products and services, which are sold on both a pre-need (before
death) and at-need (at death) basis, include: burial lots, lawn and
mausoleum crypts, burial vaults, caskets, memorials, and all
services which provide for the installation of this merchandise.

Stonemor reported a net loss of $75.15 million on $338.2 million of
total revenues for the year ended Dec. 31, 2017, compared to a net
loss of $30.48 million on $326.2 million of total revenues for the
year ended Dec. 31, 2016.  As of Dec. 31, 2017, Stonemor had $1.75
billion in total assets, $1.66 billion in total liabilities and
$91.69 million in total partners' capital.

                           *    *    *

As reported by the TCR on July 10, 2018, Moody's Investors Service
downgraded Stonemor Partners L.P.'s Corporate Family rating to
'Caa1' from 'B3'.  The Caa1 CFR reflects Moody's expectation for
breakeven to modestly negative free cash flow (before
distributions), ongoing delays in filing financial statements and
Stonemor's significant reliance on its revolving credit facility
for liquidity in 2018.

In April 2018, S&P Global Ratings affirmed its 'CCC+' corporate
credit rating on StoneMor Partners L.P.  S&P said, "The rating
affirmation reflects our expectation that the company can generate
operating cash flow of approximately $25 million in 2018 to support
operating needs for at least another year."


SUGARLOAF HOLDINGS: Taps Berkeley Research as Financial Advisor
---------------------------------------------------------------
Sugarloaf Holdings, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Utah to hire Berkeley Research Group as
its financial advisor.

The firm will provide expert advice and opinion on issues of cash
collateral and asset valuation; provide financial information in
support of the Debtor's bankruptcy plan; assist the Debtor in the
preparation of budgets, monthly operating reports and other
financial disclosures necessary for its operations; and provide
other financial advisory services related to its Chapter 11 case.

Berkeley charges these hourly rates:

     Director/Managing Director               $335 - $360
     Associate Director                       $300 - $330
     Senior Managing Consultant/Economist     $275 - $295
     Managing Consultant/Economist            $250 - $270
     Consultant                               $225 - $245
     Senior Associate                         $200 - $220  
     Associate                                $165 - $195
     Case Assistant                            $90 - $160

The firm is "disinterested" as defined in section 101(14) of the
Bankruptcy Code, according to court filings.

Berkeley can be reached through:

     Paul Shields
     Berkeley Research Group
     201 S. Main, Suite 450
     Salt Lake City, UT 84111
     Phone: 801.321.0076 / 801.321.0073
     Fax: 801.355.9926
     E-mail: pshields@thinkbrg.com

                     About Sugarloaf Holdings

Sugarloaf Holdings, LLC -- http://sugarloafholdings.com/-- is a
privately-held company in Lehi, Utah, whose business consists of
farming and ranching operations.

Sugarloaf Holdings filed a Chapter 11 petition (Bankr. D. Utah Case
No. 18-27705) on Oct. 15, 2018.  In the petition signed by David J.
Gray, manager, the Debtor disclosed $21,067,619 in total assets and
$15,666,618 in total debt.  The case is assigned to Judge Kevin R.
Anderson.  The Debtor is represented by Parsons Behle & Latimer.


TABERNA PREFERRED: Creditors' Involuntary Ch. 11 Petition Dismissed
-------------------------------------------------------------------
Bankruptcy Judge Mary Kay Vyskocil granted Taberna Preferred
Funding IV, Ltd.'s motion for judgment of partial findings and
dismissed the involuntary bankruptcy petition filed by three
holders of the two most senior classes of notes, Opportunities II
Ltd., HH HoldCo Co-Investment Fund, L.P., and Real Estate Opps Ltd.
(Petitioning Creditors).

The involuntary petition filed by the Petitioning Creditors was
opposed by Taberna, its collateral manager, and five holders of the
junior classes of notes issued by Taberna. The movants seek a
judgment that three Petitioning Creditors have failed to establish
a prima facie case that they meet one of the requirements, set
forth in section 303(b) of the Bankruptcy Code, to qualify as
petitioning creditors eligible to commence this involuntary case,
and as such, dismissal of this involuntary petition.

Although the parties opposing the involuntary petition have raised
a number of arguments, they now seek judgment that the Petitioning
Creditors have not made out a prima facie case with regard to only
one of the eligibility requirements for filing an involuntary
petition, namely, that Petitioning Creditors hold claims against
the putative debtor, Taberna. The parties opposing the involuntary
petition argue that the notes are nonrecourse, and accordingly, the
Petitioning Creditors only hold claims against the collateral
securing the notes; i.e. they do not hold claims against Taberna.


Whether the Petitioning Creditors hold claims against Taberna on
account of the notes turns in the first instance on whether the
notes are nonrecourse and, if the notes are nonrecourse, on whether
sections 1111(b) and 102(2) of the Bankruptcy Code eliminate any
distinction between recourse and nonrecourse claims in bankruptcy
for purposes of determining the eligibility of a petitioning
creditor under section 303(b) such that, notwithstanding the
nonrecourse nature of the claims, the Petitioning Creditors hold
the requisite claims against Taberna.

Here, the Objecting Parties have alleged bad faith, and based upon
Petitioning Creditor’s case in chief, there are certainly facts
that could support such a finding. Nonetheless, Opposing Creditors
have not moved for judgment based on bad faith and the Court makes
no determination as to whether the Petitioning Creditors have
brought this case in bad faith.

The Petitioning Creditors, for their part, allege that their
actions were taken in good faith. Specifically, the Petitioning
Creditors cite to In re Zais Investment Grade Limitd VII, in which
another bankruptcy court found similar motivations and actions to
be consistent with the purpose of the bankruptcy code and of
chapter 11. Petitioning Creditor's principal (and only fact witness
at trial), Vikaram Ghei, freely admitted that he was involved in
and carefully followed the Zais case. However, the Zais case does
not support Petitioning Creditors’ request for an entry of an
order for relief in this case.

The Court concludes that cause to dismiss exists because no
bankruptcy purpose is served by this filing. Moreover, Petitioning
Creditors will not suffer any prejudice if the case is dismissed.
In the Court's view, it would be an injustice for the Court to find
that the Petitioning Creditors, sophisticated business entities who
analyzed and bargained for Taberna's current liquidation scheme,
are prejudiced by the contractual terms and conditions they freely
sought out and entered. The Court concludes in the exercise of its
discretion that the best interests of the (putative) estate and all
creditors are best served by dismissal of this case.

Not only is this involuntary petition fundamentally at odds with
the purpose of securitization vehicles, but the Court concludes it
also violates the spirit and purpose of the Bankruptcy Code. If the
Court allowed this case to continue, allowing a party to force a
collateralized debt obligation into bankruptcy at the expense of
all noteholders other than the Petitioning Creditors, the Court
would encourage other parties put to disregard bargained-for
contractual remedies in an Indenture and pursue bankruptcy as a way
to redefine the terms of the contracts they freely entered.

The Court finds and concludes that the Petitioning Creditors have
failed to establish a prima facie case that they hold claims
against Taberna. The PC Note Claims are nonrecourse claims under
the Indenture and the PC Note Claims are limited to the Collateral.
The Objecting Parties are therefore entitled to judgment on partial
findings that the Petitioning Creditors do not qualify as
petitioning creditors under section 303(b) of the Bankruptcy Code.
The Court has considered the Petitioning Creditors' remaining
arguments, and to the extent not specifically addressed herein,
concludes that they lack merit.  In the alternative, the Court in
the exercise of its discretion, concludes this involuntary case
should be dismissed for cause.

A copy of the Court's Decision dated Nov. 8, 2018 is available for
free at:

     http://bankrupt.com/misc/nysb17-11628-163.pdf

Counsel for the Petitioning Creditors:

     Robert J. Pfister, Esq.
     Whitman L. Holt, Esq.
     KLEE, TUCHIN, BOGDANOFF & STERN LLP
     1999 Avenue of the Stars, 39th Floor
     Los Angeles, California 90067
     rpfister@ktbslaw.com
     wholt@ktbslaw.com

Counsel for Hildene Opportunities Master Fund II, Ltd.:

     H. Peter Haveles, Jr., Esq.
     PEPPER HAMILTON LLP
     620 Eighth Avenue, 37th Floor
     New York, New York 10017
     havelesp@pepperlaw.com

Counsel for Hildene Opportunities Master Fund II, Ltd.:

     Eric D. Winston, Esq.
     Lindsay M. Webber, Esq.
     QUINN EMANUEL URQUHART & SULLIVAN, LLP
     865 S. Figueroa Street, 10th Floor
     Los Angeles, California 90017
     51 Madison Avenue, 22nd Floor
     New York, New York 10010
     ericwinston@quinnemanuel.com
     lindsayweber@quinnemanuel.com

Counsel for Citigroup Global Markets, Inc.:

     Elliot Moskowits, Esq.
     Brian M. Resnick, Esq.
     Justin Sommers, Esq.
     DAVIS POLK
     450 Lexington Avenue
     New York, New York 10017
     elliot.moskowitz@davispolk.com
     brian.resnick@davispolk.com
     justin.sommers@davispolk.com

Counsel for Investors Trust Assurance, SPC:

     Joel S. Magolnick, Esq.
     MARKO & MAGOLNICK, P.A.
     3001 South West 3rd Avenue
     Miami, Florida 33129
     magolnick@mm-pa.com

Counsel for Waterfall Asset Management, LLC:

     Matthew B. Stein, Esq.
     Michael A. Hanin, Esq.
     KASOWITZ BENSON TORRES LLP
     1633 Broadway
     New York, New York 10019
     mstein@kasowitz.com
     mhanin@kasowitz.com

Counsel for TP Management LLC:

     Gerard Uzzi, Esq.
     Daniel M. Perry, Esq.
     Alexander B. Lees, Esq.
     MILBANK, TWEED, HADLEY & MCCLOY LLP
     28 Liberty Street
     New York, New York 10005
     guzzi@milbank.com
     dperry@milbank.com
     alees@milbank.com

            About Taberna Preferred Funding IV

Created in late 2005, Taberna Preferred Funding IV, Ltd. is a
structured-finance entity known as a collateralized debt
obligation
("CDO"), an entity that issues debt to investors in exchange for
cash.  Taberna issued more than $630 million of secured notes in
11
descending classes under an Indenture dated as of December 23,
2005, which notes were anticipated to be repaid over 30 years via
the proceeds generated by the underlying collateral Taberna
bought.

Opportunities II Ltd., HH HoldCo Co-Investment Fund, L.P., and
Real
Estate Opps Ltd. filed an involuntary Chapter 11 petition for
Taberna on June 12, 2017 (Bankr. S.D.N.Y. Case Number 17-11628).
The Petitioning Creditors collectively hold 100% of the
most-senior
tranche of notes issued by the Debtor, totaling approximately $137
million, and roughly 34% of the second-most senior tranche of
notes, totaling approximately $17 million.

The Hon. Mary Kay Vyskocil is the case judge.

Klee, Tuchin, Bogdanoff & Stern LLP is serving as the Petitioning
Creditors' counsel, with the engagement led by Robert J. Pfister,
Esq., and Whitman L. Holt, Esq.


TACO BUENO: Files Chapter 11 to Facilitate Restructuring
--------------------------------------------------------
Taco Bueno Restaurants LP ("Taco Bueno", or "the Company") on Nov.
6 disclosed that it has entered into an agreement with Taco
Supremo, LLC, an affiliate of Sun Holdings, Inc. ("Sun Holdings"),
and certain of its other stakeholders regarding the terms of a
comprehensive financial restructuring that will position the
Company for long-term financial health and enable the Company to
better compete in the Tex-Mex quick-service restaurant sector.

Sun Holdings is a multi-concept franchisee based in Dallas, Texas,
with more than 800 locations across eight states, including Burger
King, Popeyes, Arby's, Golden Corral and Krispy Kreme.  As one of
the largest franchisees in the United States, Sun Holdings has more
than 20 years of operating experience and expertise in quick
service restaurants.  Upon Taco Bueno's completion of its
restructuring, Sun Holdings intends to invest in remodeling Taco
Bueno locations, increasing brand initiatives and enhancing the
customer experience.

To implement the restructuring process, the Company and its
subsidiaries have filed voluntary petitions under Chapter 11 of the
U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern
District of Texas and filed a prepackaged plan of reorganization
(the "Plan").  Taco Bueno will continue to operate in the ordinary
course of business, serving fresh and flavorful authentic Tex-Mex
cuisine during the restructuring process.

Prior to the filing, the Sun Holdings affiliate acquired all of
Taco Bueno's outstanding bank debt and has provided a commitment
for up to $10 million in debtor-in-possession ("DIP") financing
that, subject to court approval, will support the Company's
operations during the financial restructuring process.  Under the
terms of the Company's prepackaged plan of reorganization, Sun
Holdings would become the owner of Taco Bueno through a
debt-for-equity swap.

"We are pleased to have reached this agreement with Sun Holdings on
the terms of a financial restructuring that will strengthen our
balance sheet and position our company for continued success.  We
also look forward to welcoming Sun Holdings as the new owner of
Taco Bueno," said Omar Janjua, Chief Executive Officer,
Taco Bueno.  "Sun Holdings is a large, multi-concept franchisee
based in Dallas with a deep understanding of both the quick service
space and the region where we operate, which will enable us to be
an even more attractive employer, business partner and dining
staple in the communities we serve.  During this court-supervised
process, we will continue to focus on initiatives to grow the Taco
Bueno brand, while remaining true to our roots, delivering
great-tasting meals to our customers in an inviting and comfortable
environment.  We thank our dedicated employees for continuing to
provide an authentic, better-tasting Tex-Mex experience and
unmatched customer service to guests as we've done for more than 50
years."

During the restructuring process, Taco Bueno expects to continue
operating restaurants across Texas, Oklahoma, Arkansas, Kansas,
Louisiana and Missouri, which includes restaurants independently
owned and operated by franchisees that are not a part of the
Chapter 11 proceedings.

"Taco Bueno is a great brand with loyal customers, and we have long
admired their commitment to serving authentic Tex-Mex cuisine made
by real cooks, in real kitchens and providing unmatched customer
service," said Guillermo Perales, Chief Executive Officer and
Founder of Sun Holdings Inc.  "We know quick service and the
customer base well, and we see considerable opportunities to invest
across the Taco Bueno footprint to enhance the customer experience
and drive long-term growth for the brand.  We look forward to
working with Omar, the rest of the Taco Bueno management team and
all the hard-working employees to continue serving Buenoheads well
into the future."

In conjunction with the Chapter 11 process, Taco Bueno has filed a
number of customary motions with the Bankruptcy Court seeking
authorization to support its operations during the financial
restructuring process, including authority to continue to pay
employee wages and provide health and other benefits, and to pay
vendors and suppliers in the ordinary course for all goods and
services provided on or after the Chapter 11 filing date.  The
Company expects to receive Bankruptcy Court approval for these
requests.

Additional information is available on Taco Bueno's restructuring
website at restructuring.tacobueno.com.  Court filings and other
documents related to the court-supervised process are available on
a separate website administered by the Company's claims agent,
Prime Clerk, at https://cases.primeclerk.com/tacobueno. Information
is also available by calling Prime Clerk at 844-721-3891 (U.S. and
Canada toll free) and 347-338-6512 (international).

Vinson & Elkins LLP is serving as the Company's legal advisor,
Houlihan Lokey is serving as its financial advisor, Berkeley
Research Group is serving as its restructuring advisor, and JLL is
serving as its real estate advisor.

                    About Sun Holdings

Sun Holdings, Inc. -- http://www.sunholdings.net-- is a national
holdings group headquartered in Dallas, Texas, that owns and
operates a portfolio of more than 800 locations in eight states.
Sun Holdings has been ranked as the 8th largest franchisee in the
U.S. by Restaurant Monitor, and the Largest Hispanic Franchisee in
the U.S. The organization operates 296 Burger King, 145 Popeyes, 87
Arby's, 21 Golden Corral, 32 Cici's Pizza, 18 Krispy Kreme, 135
T-Mobile, and 84 GNC locations, as well as 3 restaurants in various
airports and approximately 160 real estate units.

                         About Taco Bueno

Founded in Abilene, Texas in 1967, Taco Bueno --
https://www.tacobueno.com -- is a quick service restaurant chain
offering Tex-Mex-style Mexican cuisine in a casual restaurant
environment.  Taco Bueno owns and operates 140 stores plus 29
franchised locations across Texas, Oklahoma.

Taco Bueno Restaurants, Inc., et. al., sought bankruptcy protection
on November 6,2018 (Bankr. N. D. Tex. Lead Case No. Case No.
18-33678).  The jointly administered cases are pending before Judge
Hon. Stacey G. Jernigan.

The Debtor has total estimated assets of $10 million to $50 million
and total estimated liabilities of $100 million to $500 million.

The Debtors tapped Vinson & Elkins LLP as general counsel; Houlihan
Lokey Capital, Inc, as investment banker; Berkeley Research Group
LLC as financial restructuring advisor; Jones LaSalle Americas,
Inc. as real estate advisor and Prime Clerk LLC as claims agent.


THX PROPERTIES: Amends Plan to Disclose More Claims Filed
---------------------------------------------------------
Wickwood Development Corporation filed an objection to THX
Properties, LLC's disclosure statement in support of its
liquidation plan dated Sept. 26, 2018.

Wickwood is a secured creditor. On or about April 15, 2015,
Wickwood entered into a Development Agreement with THX to provide
labor and materials in connection with the construction of
improvements to the property generally known as the Vista Del
Arroyo/Solano Circle Construction Project.

Wickwood asserts that the disclosure statement is deficient in,
among other things, the following ways:

   (a) No details, analysis or information is provided to support
or explain the amounts of Jason HeLal and JTU Investment One, LLC'
secured claims and how such amounts were calculated.

   (b) The Disclosure Statement fails to provide any information or
analysis regarding the potential costs of pursuing the litigation
against Garth Wiebe, or the likely recovery to the estate from such
litigation.

   (c) The Disclosure Statement contains insufficient information
about the waterfall set forth on pages 10 and 11 of the Disclosure
Statement. The description of the administrative claims is
inadequate. There is no description of any efforts made to collect
the receivable.

   (d) In addition, the description of the factual background in
the Disclosure Statement is inaccurate.

The Plan also does not have adequate means for implementation as it
is not in a form acceptable to all holders of interests as
required. Under the terms of the Plan, all of the equity holders
are releasing each other. One of the equity holders continues to
disparage Wickwood. As a result, the contemplated release needs to
be modified to include a non-disparagement clause so that the
contemplated release will be a complete release of the claims.

In response, THX submits a first amended disclosure statement for
the purposes of providing adequate information to all holders of
claims against the Debtor and to the holders of its Interests.

The Debtor discloses that Garth Wiebe has filed a Proof of Claim
seeking $265,250 in damages. If allowed, such claim would be a
Class 2 General Unsecured Claim, entitled to payment prior to the
Class 3 Interests.

A General Unsecured Claim has also been filed by John W. Monych,
III for alleged faulty construction in an unspecified amount.

If the Wiebe Claim is allowed, it would increase this Class 2
general unsecured payment to approximately $305,250 and reduce the
payment to equity to $156,924.35. If the Monych Claim is allowed it
would likewise increase the gross amount of payments to Class 2
Unsecured Claims and decrease the payments to Class 3 Interests.

A copy of Wickwood's Objection is available for free at:

     http://bankrupt.com/misc/txeb18-41409-75.pdf

A copy of the First Amended Disclosure Statement is available for
free at:

     http://bankrupt.com/misc/txeb18-41409-73.pdf

Counsel for Wickwood Development Corp.

     Michelle E. Shriro
     SINGER & LEVICK, P.C.  
     State Bar No. 188310900
     16200 Addison Road, Suite 140
     Addison, Texas 75001
     Phone: 972.380.5533
     Fax: 972.380.5748
     Email: mshriro@singerlevick.com

                  About THX Properties

THX Properties, LLC, is a real estate company that owned in fee
simple 86 Townhome lots, common areas as well as architectural
plans relating to a real estate project located at Solana Circle,
Denton, Texas.

THX Properties sought protection under Chapter 11 of the
Bankruptcy
Code (Bankr. E.D. Tex. Case No. 18-41409) on June 29, 2018.  In
the
petition signed by Jason Helal, its manager, the Debtor disclosed
$3.28 million in assets and $3.71 million in liabilities.

Judge Brenda T. Rhoades presides over the case.

Weldon L. Moore, III, Esq., at Sussman & Moore, L.L.P., serves as
counsel to the Debtor.


TIRECO INC: Taps Latham Shuker as Legal Counsel
-----------------------------------------------
Tireco, Inc., seeks approval from the U.S. Bankruptcy Court for the
Middle District of Florida to hire Latham, Shuker, Eden & Beaudine,
LLP, as its legal counsel.

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

The firm will charge at these hourly fees:

     Partners              $350 - $575
     Associates            $220 - $290
     Paraprofessionals     $105 - $160

Prior to the Debtor's bankruptcy filing, Jay Rintelmann, a
third-party non-insider, paid an advance fee of $8,818 while the
Debtor paid an advance fee of $10,000 for post-petition services
and expenses in connection with the case.

On April 13, the Debtor paid the firm $5,000 while Mr. Rintelmann
paid $16,182 for pre-bankruptcy services and expenses, including
the filing fee.

Latham Shuker is "disinterested" as defined in Section 101(14) of
the Bankruptcy Code, according to court filings.

The firm can be reached through:

        Justin M. Luna, Esq.
        Latham, Shuker, Eden & Beaudine, LLP
        P.O. Box 3353
        Orlando, FL 32802-3353
        Tel: (407) 481-5800
        Fax: (407) 481-5801
        E-mail: jluna@lseblaw.com

               - and -

        Daniel A. Velasquez, Esq.
        Latham, Shuker, Eden & Beaudine, LLP
        111 N. Magnolia Avenue, Suite 1400
        Orlando, FL 32801
        Tel: 407-481-5800
        Fax: 407-481-5801
        E-mail: dvelasquez@lseblaw.com

                         About Tireco Inc.

Tireco, Inc., which conducts business under the name Formula Tire &
Auto Care, is an automotive services provider in Longwood, Florida.
It offers name brand tires and wheels and also provides auto
repairs and maintenance services.  The

Tireco sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. M.D. Fla. Case No. 18-06603) on Oct. 25, 2018.  The Debtor
first sought bankruptcy protection (Bankr. M.D. Fla. Case No.
15-03459) on April 21, 2015.

In the petition signed by Monica S. Jones, vice president, the
Debtor estimated assets of $1 million to $10 million and
liabilities of $1 million to $10 million.


TWIFORD ENTERPRISES: Court Approves Rolling Hills' Plan Outline
---------------------------------------------------------------
Bankruptcy Judge Cathleen D. Parker issued an order approving the
disclosure statement filed and modified by Rolling Hills Bank and
Trust for Debtor Twiford Enterprises, Inc.

Dec. 21, 2018 is the last day for filing written acceptances or
rejections of the Plan and for filing objections to confirmation of
the Plan.

Jan. 22, 2019 at 1:30 p.m. in the U.S. Bankruptcy Courtroom, 2120
Capitol Avenue, 8th Floor, Cheyenne, Wyoming, is the date of
hearing on confirmation of the Plan.

On February 13, 2018, the Bank commenced litigation against the
individual guarantors of the Debt owed to the Bank in the Iowa
District Court for Polk County, Case No. LACL 1403737 (the "Iowa
Litigation"). Those guarantors are Jack Twiford, Stanetta Twiford,
Tom Twiford and Patricia Twiford (each a "Guarantor," and
collectively, the "Guarantors").  On March 16, 2018, Debtor filed
its “Motion to Enforce the Automatic Stay, or Alternatively, to
Extend the Automatic Stay seeking an order applying the automatic
stay of 11 U.S.C. Section 362 to the Individual Guarantors.

By way of stipulation, discovery regarding the Stay Motion has been
put on hold until September 15, 2018, and a hearing date on the
Stay Motion set for November 29, 2018.

Pending resolution of the Stay Motion, the Iowa Litigation has been
stayed. The only matter heard in the Iowa Litigation was a motion
to dismiss for lack of personal jurisdiction filed by the
Guarantors, that was subsequently denied. To the extend the Stay
Motion is denied, the Bank may proceed with the Iowa Litigation. In
the event that the Bank is awarded judgment against a Guarantor in
the Iowa Litigation, and subsequently recovers monetary sums from a
Guarantor on said judgment, the Bank will offset its Class 2 Claim
as stated in the Plan by the amount of the recovery, less costs and
fees incurred in the Iowa Litigation. For example, if the Bank
spends $25,000 in fees and costs in the Iowa Litigation, and
ultimately recovers $50,000 from a Guarantor, the Bank will reduce
its Class 2 Claim by $25,000 (i.e., the Bank's Claim of
$5,647,103.29 would be reduced by $25,000). Notwithstanding,
nothing will prevent the Bank from recovering amounts it may be
entitled to collect under the Plan.

A copy of the Amended Chapter 11 Plan is available at
https://tinyurl.com/ychctcre from PacerMonitor.com at no charge.

                About Twiford Enterprises

Twiford Enterprises, Inc. is a privately held company in Glendo,
Wyoming in the crop farming industry.  The Company owns in fee
simple 2870 acres of land and buildings located at 642 Horseshoe
Creek Road Glendo, Wyoming having an appraised value of $4.65
million.  Its gross revenue amounted to $2.23 million in 2017 and
$2.38 million in 2016.

Twiford Enterprises, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D. Wyo. Case No. 18-20120) on March 9, 2018.  In its
petition signed by its secretary, Jack Twiford, the Debtor
disclosed total assets of approximately $7.68 million and $6.49
million in total debts.

The Hon. Cathleen D. Parker is the case judge.   The Debtor hired
Stephen R. Winship, Esq., at Winship & Winship, P.C., as counsel.


VERSACOM LP: Nov. 27 Plan Confirmation Hearing Set
--------------------------------------------------
The Bankruptcy Court has issued an order conditionally approving
the disclosure statement explaining the first amended Chapter 11
plan filed by creditor Tasacom Technologies, Inc., for debtor
Versacom, LP.

The hearing on confirmation of the Plan will be held on November
27, 2018 at 1:30 p.m.

In Tasacom's view, no other feasible plan can be proposed to
resolve the debts against the Debtor. The Plan provides for
structured payments to holders of Allowed Claims against the
Debtor, the cancellation of the Debtor's prior equity interests and
the issuance of new equity in the Debtor to Tasacom or Tasacom's
designee.

Class 5 under the latest plan now consists of the Subordinated
Insider Claimants. This class will receive no distribution under
the Plan, and the unsecured claim(s) of Mr. or Mrs. al-Amin will be
disallowed.

In the initial plan, Class 5 consisted of general unsecured
creditors holding disallowed claims.

A full-text copy of Tasacom's Latest Disclosure Statement is
available for free at:

      http://bankrupt.com/misc/txnb17-32714-11-148.pdf  

                   About Versacom LP

Headquartered in Dallas, Texas, Versacom, LP, provides services in
the field of wireless and telecommunication services.  Versacom
filed for Chapter 11 bankruptcy protection (Bankr. N.D. Tex. Case
No. 17-32714) on July 13, 2017, estimating its assets and
liabilities at up to $50,000 each.  The petition was signed by
Muhammad Al-Amin, general partner of Versacom Holdings, LLC.   

Judge Stacey G. C. Jernigan presides over the case.  Howard Marc
Spector, Esq., at Spector & Johnson, PLLC, serves as the Debtor's
bankruptcy counsel.



VIDANGEL INC: Court Grants Film Studios' Bid for Relief from Stay
-----------------------------------------------------------------
Bankruptcy Judge Kevin R. Anderson granted film studios Disney
Enterprises, Inc., Lucasfilm Ltd. LLC, Twentieth Century Fox Film
Corporation, and Warner Bros. Entertainment Inc.'s motion for
relief from stay.

The motion was filed by the film studios to allow them to continue
their prosecution of pending copyright litigation against Debtor
VidAngel, Inc. in the Central District of California.

The Studios' motion for relief from stay has been pending for more
than a year. Originally, VidAngel asserted that the stay should
remain in place while (1) it litigated the Utah Declaratory Relief
Action and the Bankruptcy Adversary Proceeding; and (2) while it
transitioned to its new stream-based filtering service. VidAngel
also hoped it could resolve the Studios' copyright claims in the
context of the claim allowance process under section 502.

Now that the Utah District Court has dismissed the Utah Declaratory
Relief Action, the Studios have reasserted their request for relief
from stay to proceed with the prosecution of the Copyright
Complaint against VidAngel in the California District Court. In its
response, VidAngel primarily argues that the stay should remain in
place, at least until the summer of 2019, to give it an opportunity
to grow its business and strengthen its financial ability to pay
any judgment that might be entered in the California Copyright
Litigation. This is a change from VidAngel's original argument that
the copyright litigation could be resolved in the Utah Bankruptcy
Court or the Utah District Court -- which now seems improbable.

The Curtis factors have long provided guidance in assessing the
merits of a motion for relief from stay to allow the continued
prosecution of litigation pending at the time of the bankruptcy
filing.  The Curtis factors are: (1) Whether the relief will result
in a partial or complete resolution of the issues, (2) The lack of
any connection with or interference with the bankruptcy case, (4)
Whether a specialized tribunal has been established to hear the
particular cause of action and that tribunal has the expertise to
hear such cases, (5 & 6) Whether the debtor’s insurer has assumed
full responsibility for defending it, and; whether the action
primarily involves third parties, (7) Whether litigation in another
forum would prejudice the interests of other creditors, the
creditors' committee and other interested parties, (10) The
interest of judicial economy and the expeditious and economical
determination of litigation for the parties, (11) Whether the
foreign proceedings have progressed to the point where the parties
are prepared for trial, (12) The impact of the stay on the parties
and the “balance of hurt." Factors 3, 8, and 9 are not relevant
to the case.

Upon analysis of these factors, the Court holds that all the
relevant Curtis factors, except for Factors No. 5 and 6, which are
neutral, favor granting relief from stay.

The Court is aware of and sensitive to the Congressional intent
expressed in the Family Movie Act that individuals should be able
to filter content they find objectionable when viewing movies in
the privacy of their homes. However, there is a right way and a
wrong way to comply with the Family Movie Act, the Digital
Millennium Copyright Act, and the Copyright Act. If a court of
competent jurisdiction determines that VidAngel got it wrong, the
Studios are entitled to damages from the unlawful streaming of
their copyrighted movies.

VidAngel has had a year to resolve this dispute or to obtain
alternative relief in another forum with appropriate jurisdiction.
Those efforts were unsuccessful. The Studios, subscribers, other
creditors, and potential lenders and investors are entitled to know
the extent of damages arising from VidAngel's alleged violation of
copyright laws and how these claims will factor into a plan of
reorganization. Allowing the California Copyright Litigation to
proceed will not be fatal to VidAngel's prospects for
reorganization. Given the status of proceedings in the California
Copyright Litigation, it should not require an unreasonable amount
of time and money to arrive at a final judgment on the matter. For
these reasons, the Court finds that the California Copyright
Litigation should be resolved sooner rather than later, and that
the Studios have established cause to grant relief from stay to
allow the California District Court to rule on the causes of action
in the Copyright Complaint.

A copy of the Court's Memorandum Decision dated Nov. 9, 2018 is
available at:

     http://bankrupt.com/misc/utb17-29073-252.pdf

                     About VidAngel Inc.

VidAngel is an entertainment platform empowering users to filter
language, nudity, violence, and other content from movies and TV
shows on modern streaming devices such as iOS, Android, and Roku.
The company's newly launched service empowers users to filter via
their Netflix, Amazon Prime, and HBO on Amazon Prime accounts, as
well as enjoy original content produced by VidAngel Studios.  Its
signature original series, Dry Bar Comedy, now features the
world's
largest collection of clean standup comedy, earning rave reviews
from fans nationwide.

VidAngel, Inc., based in Provo, Utah, filed a Chapter 11 petition
(Bankr. D. Utah Case No. 17-29073) on Oct. 18, 2017.  In the
petition signed by CEO Neal Harmon, the Debtor estimated $1
million
to $10 million in both assets and liabilities.  

Judge Kevin R. Anderson presides over the case.

J. Thomas Beckett, Esq., at Parsons Behle & Latimer, serves as
bankruptcy counsel to the Debtor.  The Debtor hired Durham Jones &
Pinegar and Baker Marquart LLP as its special counsel; and Tanner
LLC as its auditor and advisor.  The Debtor also hired economic
consulting expert Analysis Group, Inc.  The Debtor tapped Stris &
Maher LLP as special counsel in the Debtor's Appellate Case.


XENETIC BIOSCIENCES: Incurs $1.81 Million Net Loss in Third Quarter
-------------------------------------------------------------------
Xenetic Biosciences, Inc., has filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q reporting a
net loss of $1.81 million on $0 of total revenue for the three
months ended Sept. 30, 2018, compared to a net loss of $2.25
million on $85,000 of total revenue for the three months ended
Sept. 30, 2017.

For the nine months ended Sept. 30, 2018, the Company reported a
net loss of $5.66 million on $0 of total revenue compared to a net
loss of $8.04 million on $85,000 of total revenue for the same
period during the prior year.

As of Sept. 30, 2018, the Company had $15.53 million in total
assets, $4.23 million in total liabilities and $11.29 million in
total stockholders' equity.

                   Liquidity and Capital Resources

The Company had an accumulated deficit of $151.6 million at Sept.
30, 2018 as compared to an accumulated deficit of approximately
$145.9 million at Dec. 31, 2017.  Working capital was approximately
$1.0 million and $3.9 million at Sept. 30, 2018 and Dec. 31, 2017,
respectively.  During the nine months ended Sept. 30, 2018, the
Company's working capital decreased by $2.9 million due primarily
to outflows for general operating costs and costs related to our
XBIO-101 phase 2 clinical trial.  These cash outflows were
partially offset by approximately $1.5 million of proceeds received
from the exercise of warrants during the nine months ended Sept.
30, 2018.  The Company expects to continue incurring losses for the
foreseeable future and will need to raise additional capital or
pursue other strategic alternatives in the very near term in order
to continue the pursuit of its business plan and continue as a
going concern.
   
The Company's principal source of liquidity consists of cash.  At
Sept. 30, 2018, the Company had approximately $1.6 million in cash
and $1.3 million in accounts payable and accrued expenses.  At Dec.
31, 2017, the Company had approximately $5.5 million in cash and
$1.9 million in accounts payable and accrued expenses.

According to Xenetic, "We have historically relied upon sales of
our equity securities to fund our operations.  Since 2005, we have
raised approximately $60.0 million in proceeds from offerings of
our common and preferred stock, including net proceeds of
approximately $9.0 million from our underwritten public offering in
November 2016.  We have also received approximately $20.0 million
from revenue producing activities from 2005 through September 30,
2018, including a cash payment from Shire of a $3.0 million
milestone payment in January 2017 and a $7.5 million cash payment
for a sublicense from Baxalta Incorporated, Baxalta US Inc., and
Baxalta GmbH (collectively, with their affiliates, "Baxalta"),
wholly-owned subsidiaries of Shire, in November 2017. More than 90%
of the milestone and sublicense revenue received to date has been
from a single collaborator, Shire.  We expect the majority of our
funding through equity or equity-linked instruments, debt
financings and/or licensing agreements to continue as a trend for
the foreseeable future.

"We estimate that our existing resources will only be able to fund
our planned operations, existing obligations and contractual
commitments into the fourth quarter of 2018.  This projection is
based on our current working capital and our expectations regarding
projected staffing expenses, working capital requirements, capital
expenditure plans and anticipated revenues. Given our current
working capital constraints, we have attempted to minimize cash
commitments and expenditures for external research and development
and general and administrative services to the greatest extent
practicable.  We will need to raise additional working capital in
the very near term in order to fund our future operations.

"We have no committed sources of additional capital.  Our
management believes that we have access to capital resources
through possible public or private equity offerings, debt
financings, corporate collaborations, related party funding or
other means; however, we have not secured any commitment for
additional financing at this time.  The terms, timing and extent of
any future financing will depend upon several factors including the
achievement of progress in our clinical development programs, our
ability to identify and enter into licensing or other strategic
arrangements and factors related to financial, economic and market
conditions, many of which are beyond our control.

"Management evaluates whether there are conditions or events,
considered in the aggregate, that raise substantial doubt about our
ability to continue as a going concern within one year after the
date that the financial statements are issued.  We have incurred
substantial losses since our inception and we expect to continue to
incur operating losses in the near-term.  These factors raise
substantial doubt about our ability to continue as a going concern.
As a result, our independent registered public accounting firm
included an explanatory paragraph in its report on our audited
financial statements for the year ended December 31, 2017
expressing doubt as to our ability to continue as a going concern.
We will need to raise additional capital in order to sustain our
operations.  If we are unable to secure additional funds on a
timely basis or on acceptable terms, we may be required to defer,
reduce or eliminate significant planned expenditures, restructure,
curtail or eliminate some or all of our development programs or
other operations, reduce general and administrative expenses, and
delay or cease the purchase of clinical research services, dispose
of technology or assets, pursue an acquisition of our company by
another party at a price that may result in a loss on investment
for our stockholders, enter into arrangements that may require us
to relinquish rights to certain of our drug candidates,
technologies or potential markets, file for bankruptcy or cease
operations altogether.

"We continue to seek appropriate out-license arrangements for our
Polyxen and ErepoXen technologies, among others, but are currently
unable to reliably predict whether or when we may enter into an
agreement.  Due to the uncertainties inherent in the clinical
research process and unknown future market conditions, there can be
no assurance our ErepoXen technology will lead to any future
income."

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

                     https://is.gd/eF607b

                    About Xenetic Biosciences

Lexington, Massachusetts-based Xenetic Biosciences, Inc., is a
clinical-stage biopharmaceutical company focused on the discovery,
research and development of next-generation biologic drugs and
novel orphan oncology therapeutics.  Xenetic's lead investigational
product candidate is oncology therapeutic XBIO-101 (sodium
cridanimod) for the treatment of progesterone resistant endometrial
cancer.  Xenetic's proprietary drug development platforms include
PolyXen, which enables next-generation biologic drugs by improving
their half-life and other pharmacological properties.

Xenetic incurred a net loss of $3.59 million in 2017 compared to a
net loss of $54.21 million in 2016.  As of June 30, 2018, the
Company had $17.25 million in total assets, $4.47 million in total
liabilities, and $12.78 million in total stockholders' equity.

The report from the Company's independent accounting firm Marcum
LLP, the Company's auditor since 2015, on the consolidated
financial statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the Company has had recurring
net losses and continues to experience negative cash flows from
operations.  These conditions raise substantial doubt about its
ability to continue as a going concern.


ZENITH MANAGEMENT: Taps Edward Alper as Special Counsel
-------------------------------------------------------
Zenith Management I, LLC, seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to hire the Law Offices
of Edward Alper as special counsel.

The firm will provide services on both real estate transaction and
litigation matters, including issues involving tenants who are in
default under their leases for non-payment of rent and the closing
of the sale of the Debtor's real property in Corona, New York.

Edward Alper, Esq., principal of the firm and the attorney who will
be providing the services, charges an hourly fee of $325.

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

The firm can be reached through:

     Edward Alper, Esq.
     Law Offices of Edward Alper
     75 Maiden Lane, Suite 214
     New York, NY 10038
     Phone: (212) 379-6454
     Fax: (646) 365-5062
     Email: ealper@alperlawfirm.com

                     About Zenith Management I

Zenith Management I, LLC's principal assets consist of real
properties located at 99-13 43rd Avenue, Corona, New York; and
108-20 48th Avenue, Flushing, New York.

Zenith Management filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 16-43485) on Aug. 3, 2016, estimating less than
$1 million in assets and liabilities.  The Debtor is represented by
Gabriel Del Virginia, at the Law Office of Gabriel Del Virginia.  

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


[*] Bloomberg Law Forms Bankruptcy Innovation Board
---------------------------------------------------
Bloomberg Law on Oct. 30, 2018, announced the formation of its
Bankruptcy Innovation Board, which will provide input and consult
on the digital Bloomberg Law: Bankruptcy Treatise and inform the
direction of future technology-enhanced financial restructuring and
insolvency tools on the Bloomberg Law platform.  The board's
membership consists of leading bankruptcy attorneys from law firms,
academia, and the judiciary.

"We continuously seek avenues to incorporate product feedback from
the market as we continue to innovate on Bloomberg Law and deliver
one-of-a-kind solutions for legal professionals," said Alex Butler,
Vice President of Analysis & Content, Bloomberg Law.  "We look
forward to leveraging the insights and perspectives of this
esteemed group as we chart the course for the future of the
bankruptcy offerings on the platform."

"The Bloomberg Law: Bankruptcy Treatise and Bankruptcy Practice
Center offer unparalleled insight and information," said Samir
Parikh, vice chair, Editor-in-Chief of Bloomberg Law: Bankruptcy
Treatise and Professor of Law, Lewis & Clark Law School.  "However,
the platform must evolve continually to capture changes in the law.
I am honored that eight renowned bankruptcy practitioners have
agreed to join the Bankruptcy Innovation Board and help guide this
evolution."

Biographies for each member of the board are online at
https://www.bna.com/bankruptcy-innovation-board/.  The Bankruptcy
Innovation Board's members are:

    -- Hon. Cecelia G. Morris, U.S. Bankruptcy Court for the
Southern District of New York (chair)
   -- Samir Parikh, Lewis & Clark Law School (vice chair and
Editor-in-Chief, Bloomberg Law: Bankruptcy Treatise)
   -- Ronit J. Berkovich, Weil, Gotshal & Manges
   -- Benjamin I. Finestone, Quinn Emanuel Urquhart & Sullivan
   -- Evan R. Fleck, Milbank, Tweed, Hadley & McCloy
   -- Stephen E. Hessler, Kirkland & Ellis
   -- Lisa Laukitis, Skadden, Arps, Slate, Meagher & Flom
   -- Thomas Lauria, White & Case
   -- Andrew M. Parlen, Latham & Watkins
   -- Ben Rosenblum, Jones Day

                      About Bloomberg Law

Bloomberg Law helps legal professionals provide world-class counsel
with access to actionable legal intelligence in a business context.
Bloomberg Law delivers a unique combination of practical guidance,
comprehensive primary and secondary source material, trusted
content from Bloomberg BNA, news, time-saving practice tools,
market data and business intelligence.  For more information, visit
www.bna.com/bloomberglaw.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------

                                               Total
                                              Share-      Total
                                    Total   Holders'    Working
                                   Assets     Equity    Capital
  Company         Ticker             ($MM)      ($MM)      ($MM)
  -------         ------           ------   --------    -------
ABBVIE INC        ABBV US        66,164.0   (2,921.0)   3,078.0
ABBVIE INC        ABBV AV        66,164.0   (2,921.0)   3,078.0
ABBVIE INC        4AB TE         66,164.0   (2,921.0)   3,078.0
ABBVIE INC        4AB QT         66,164.0   (2,921.0)   3,078.0
ABBVIE INC        ABBVUSD EU     66,164.0   (2,921.0)   3,078.0
ABBVIE INC        ABBVEUR EU     66,164.0   (2,921.0)   3,078.0
ABBVIE INC        4AB GZ         66,164.0   (2,921.0)   3,078.0
ABBVIE INC        4AB TH         66,164.0   (2,921.0)   3,078.0
ABBVIE INC        4AB GR         66,164.0   (2,921.0)   3,078.0
ABBVIE INC        ABBV SW        66,164.0   (2,921.0)   3,078.0
ABBVIE INC        ABBV* MM       66,164.0   (2,921.0)   3,078.0
ABBVIE INC-BDR    ABBV34 BZ      66,164.0   (2,921.0)   3,078.0
ABSOLUTE SOFTWRE  ABT CN             91.4      (56.4)     (30.1)
ABSOLUTE SOFTWRE  OU1 GR             91.4      (56.4)     (30.1)
ABSOLUTE SOFTWRE  ALSWF US           91.4      (56.4)     (30.1)
ABSOLUTE SOFTWRE  ABT2EUR EU         91.4      (56.4)     (30.1)
ACELRX PHARMA     ACRX US            77.7      (37.8)      51.5
ACELRX PHARMA     ACRXUSD EU         77.7      (37.8)      51.5
AIMIA INC         AIM CN          3,521.5     (190.9)  (1,254.4)
AIMIA INC         GAPFF US        3,521.5     (190.9)  (1,254.4)
AMERICAN AIRLINE  A1G SW         52,635.0     (568.0)  (6,850.0)
AMERICAN AIRLINE  AAL1CHF EU     52,635.0     (568.0)  (6,850.0)
AMERICAN AIRLINE  A1G QT         52,635.0     (568.0)  (6,850.0)
AMERICAN AIRLINE  AAL* MM        52,635.0     (568.0)  (6,850.0)
AMERICAN AIRLINE  A1G GR         52,635.0     (568.0)  (6,850.0)
AMERICAN AIRLINE  AAL US         52,635.0     (568.0)  (6,850.0)
AMERICAN AIRLINE  AAL1USD EU     52,635.0     (568.0)  (6,850.0)
AMERICAN AIRLINE  A1G TH         52,635.0     (568.0)  (6,850.0)
AMERICAN AIRLINE  A1G GZ         52,635.0     (568.0)  (6,850.0)
AMERICAN AIRLINE  AAL11EUR EU    52,635.0     (568.0)  (6,850.0)
AMERICAN AIRLINE  AAL AV         52,635.0     (568.0)  (6,850.0)
AMERICAN AIRLINE  AAL TE         52,635.0     (568.0)  (6,850.0)
AMYRIS INC        3A01 GR           118.7     (249.0)     (91.8)
AMYRIS INC        3A01 TH           118.7     (249.0)     (91.8)
AMYRIS INC        AMRS US           118.7     (249.0)     (91.8)
AMYRIS INC        AMRSUSD EU        118.7     (249.0)     (91.8)
AMYRIS INC        3A01 QT           118.7     (249.0)     (91.8)
AMYRIS INC        AMRSEUR EU        118.7     (249.0)     (91.8)
ATLATSA RESOURCE  ATL SJ            170.1     (210.5)       6.1
AUTODESK INC      ADSK US         3,833.0     (241.6)    (316.3)
AUTODESK INC      AUD TH          3,833.0     (241.6)    (316.3)
AUTODESK INC      AUD GR          3,833.0     (241.6)    (316.3)
AUTODESK INC      ADSKEUR EU      3,833.0     (241.6)    (316.3)
AUTODESK INC      ADSKUSD EU      3,833.0     (241.6)    (316.3)
AUTODESK INC      ADSK TE         3,833.0     (241.6)    (316.3)
AUTODESK INC      AUD QT          3,833.0     (241.6)    (316.3)
AUTODESK INC      ADSK SW         3,833.0     (241.6)    (316.3)
AUTODESK INC      AUD GZ          3,833.0     (241.6)    (316.3)
AUTODESK INC      ADSK AV         3,833.0     (241.6)    (316.3)
AUTODESK INC      ADSK* MM        3,833.0     (241.6)    (316.3)
AUTOZONE INC      AZ5 GR          9,347.0   (1,520.4)    (392.8)
AUTOZONE INC      AZ5 TH          9,347.0   (1,520.4)    (392.8)
AUTOZONE INC      AZO US          9,347.0   (1,520.4)    (392.8)
AUTOZONE INC      AZOUSD EU       9,347.0   (1,520.4)    (392.8)
AUTOZONE INC      AZOEUR EU       9,347.0   (1,520.4)    (392.8)
AUTOZONE INC      AZ5 QT          9,347.0   (1,520.4)    (392.8)
AVALARA INC       AVLR US           311.3      122.2       33.0
AVID TECHNOLOGY   AVID US           254.0     (176.9)       3.8
AVID TECHNOLOGY   AVD GR            254.0     (176.9)       3.8
BENEFITFOCUS INC  BNFTEUR EU        175.1      (35.6)     (13.0)
BENEFITFOCUS INC  BNFT US           175.1      (35.6)     (13.0)
BENEFITFOCUS INC  BTF GR            175.1      (35.6)     (13.0)
BIOCRYST PHARM    BCRX US           136.6     (704.5)      18.5
BIOCRYST PHARM    BO1 GR            136.6     (704.5)      18.5
BIOCRYST PHARM    BO1 TH            136.6     (704.5)      18.5
BIOCRYST PHARM    BCRXUSD EU        136.6     (704.5)      18.5
BIOCRYST PHARM    BCRXEUR EU        136.6     (704.5)      18.5
BIOCRYST PHARM    BO1 QT            136.6     (704.5)      18.5
BIOSCRIP INC      BIOS US           579.2      (36.3)      75.9
BJ'S WHOLESALE C  BJ US           3,220.9     (317.9)     (11.9)
BJ'S WHOLESALE C  8BJ GR          3,220.9     (317.9)     (11.9)
BJ'S WHOLESALE C  8BJ TH          3,220.9     (317.9)     (11.9)
BJ'S WHOLESALE C  8BJ QT          3,220.9     (317.9)     (11.9)
BLOOM ENERGY C-A  BE US           1,157.7     (564.8)     142.1
BLOOM ENERGY C-A  1ZB GR          1,157.7     (564.8)     142.1
BLOOM ENERGY C-A  BE1EUR EU       1,157.7     (564.8)     142.1
BLOOM ENERGY C-A  BE1USD EU       1,157.7     (564.8)     142.1
BLOOM ENERGY C-A  1ZB QT          1,157.7     (564.8)     142.1
BLOOM ENERGY C-A  1ZB TH          1,157.7     (564.8)     142.1
BLUE BIRD CORP    BLBD US           331.5      (44.5)      10.8
BLUE RIDGE MOUNT  BRMR US         1,060.2     (212.5)     (62.4)
BOEING CO-BDR     BOEI34 BZ     114,659.0   (1,209.0)   8,269.0
BOEING CO-CED     BA AR         114,659.0   (1,209.0)   8,269.0
BOEING CO/THE     BOE LN        114,659.0   (1,209.0)   8,269.0
BOEING CO/THE     BCO TH        114,659.0   (1,209.0)   8,269.0
BOEING CO/THE     BACHF EU      114,659.0   (1,209.0)   8,269.0
BOEING CO/THE     BA US         114,659.0   (1,209.0)   8,269.0
BOEING CO/THE     BA SW         114,659.0   (1,209.0)   8,269.0
BOEING CO/THE     BA* MM        114,659.0   (1,209.0)   8,269.0
BOEING CO/THE     BA TE         114,659.0   (1,209.0)   8,269.0
BOEING CO/THE     BAEUR EU      114,659.0   (1,209.0)   8,269.0
BOEING CO/THE     BCO GR        114,659.0   (1,209.0)   8,269.0
BOEING CO/THE     BA EU         114,659.0   (1,209.0)   8,269.0
BOEING CO/THE     BCO QT        114,659.0   (1,209.0)   8,269.0
BOEING CO/THE     BCO GZ        114,659.0   (1,209.0)   8,269.0
BOEING CO/THE     BA AV         114,659.0   (1,209.0)   8,269.0
BOEING CO/THE     BAUSD SW      114,659.0   (1,209.0)   8,269.0
BOEING CO/THE     BA CI         114,659.0   (1,209.0)   8,269.0
BOMBARDIER INC-B  BBD/BCAD EU    24,269.0   (3,754.0)      93.0
BRINKER INTL      BKJ GR          1,244.0     (815.9)    (356.6)
BRINKER INTL      EAT US          1,244.0     (815.9)    (356.6)
BRINKER INTL      EAT2EUR EU      1,244.0     (815.9)    (356.6)
BRINKER INTL      BKJ QT          1,244.0     (815.9)    (356.6)
BROOKFIELD REAL   BRE CN            101.1      (41.7)       5.6
BRP INC/CA-SUB V  B15A GR         2,671.7     (445.7)    (179.1)
BRP INC/CA-SUB V  DOOO US         2,671.7     (445.7)    (179.1)
BRP INC/CA-SUB V  DOO CN          2,671.7     (445.7)    (179.1)
BUFFALO COAL COR  BUC SJ             31.9      (34.4)     (49.1)
CACTUS INC- A     WHD US            406.1      265.3      141.5
CACTUS INC- A     43C QT            406.1      265.3      141.5
CACTUS INC- A     WHDEUR EU         406.1      265.3      141.5
CACTUS INC- A     43C GR            406.1      265.3      141.5
CACTUS INC- A     43C TH            406.1      265.3      141.5
CACTUS INC- A     WHDUSD EU         406.1      265.3      141.5
CACTUS INC- A     43C GZ            406.1      265.3      141.5
CADIZ INC         CDZI US            74.7      (73.9)      17.7
CADIZ INC         2ZC GR             74.7      (73.9)      17.7
CALITHERA BIOSCI  CALAUSD EU        159.0     (176.7)     134.8
CALITHERA BIOSCI  CALA US           159.0     (176.7)     134.8
CALITHERA BIOSCI  2CB GR            159.0     (176.7)     134.8
CALITHERA BIOSCI  CALAEUR EU        159.0     (176.7)     134.8
CALITHERA BIOSCI  2CB TH            159.0     (176.7)     134.8
CALITHERA BIOSCI  2CB QT            159.0     (176.7)     134.8
CAMBIUM LEARNING  ABCD US           185.3       (0.2)     (53.5)
CARDLYTICS INC    CDLX US           140.2       36.8       64.9
CARDLYTICS INC    CDLXEUR EU        140.2       36.8       64.9
CARDLYTICS INC    CYX QT            140.2       36.8       64.9
CARDLYTICS INC    CDLXUSD EU        140.2       36.8       64.9
CARDLYTICS INC    CYX GR            140.2       36.8       64.9
CARDLYTICS INC    CYX GZ            140.2       36.8       64.9
CASELLA WASTE     CWST US           702.8       (5.3)      (7.1)
CASELLA WASTE     WA3 GR            702.8       (5.3)      (7.1)
CASELLA WASTE     CWSTUSD EU        702.8       (5.3)      (7.1)
CASELLA WASTE     WA3 TH            702.8       (5.3)      (7.1)
CASELLA WASTE     CWSTEUR EU        702.8       (5.3)      (7.1)
CDK GLOBAL INC    C2G TH          3,090.9     (299.6)     311.4
CDK GLOBAL INC    CDKEUR EU       3,090.9     (299.6)     311.4
CDK GLOBAL INC    C2G GR          3,090.9     (299.6)     311.4
CDK GLOBAL INC    CDK US          3,090.9     (299.6)     311.4
CDK GLOBAL INC    C2G QT          3,090.9     (299.6)     311.4
CDK GLOBAL INC    CDKUSD EU       3,090.9     (299.6)     311.4
CHESAPEAKE E-BDR  CHKE34 BZ      12,659.0      (39.0)  (1,741.0)
CHESAPEAKE ENERG  CHK* MM        12,659.0      (39.0)  (1,741.0)
CHESAPEAKE ENERG  CS1 TH         12,659.0      (39.0)  (1,741.0)
CHESAPEAKE ENERG  CHKUSD EU      12,659.0      (39.0)  (1,741.0)
CHESAPEAKE ENERG  CS1 QT         12,659.0      (39.0)  (1,741.0)
CHESAPEAKE ENERG  CHK US         12,659.0      (39.0)  (1,741.0)
CHESAPEAKE ENERG  CS1 GR         12,659.0      (39.0)  (1,741.0)
CHESAPEAKE ENERG  CHKEUR EU      12,659.0      (39.0)  (1,741.0)
CHESAPEAKE ENERG  CS1 GZ         12,659.0      (39.0)  (1,741.0)
CHOICE HOTELS     CZH GR          1,161.0     (168.1)     (18.9)
CHOICE HOTELS     CHH US          1,161.0     (168.1)     (18.9)
CINCINNATI BELL   CIB1 GR         2,659.5      (33.9)     (95.7)
CINCINNATI BELL   CBB US          2,659.5      (33.9)     (95.7)
CINCINNATI BELL   CBBEUR EU       2,659.5      (33.9)     (95.7)
CLEAR CHANNEL-A   CCO US          4,479.4   (2,140.0)     284.7
CLEAR CHANNEL-A   C7C GR          4,479.4   (2,140.0)     284.7
CLEVELAND-CLIFFS  CLF* MM         3,125.0      (86.2)   1,269.9
CLEVELAND-CLIFFS  CLF US          3,125.0      (86.2)   1,269.9
CLEVELAND-CLIFFS  CVA TH          3,125.0      (86.2)   1,269.9
CLEVELAND-CLIFFS  CLF2 EU         3,125.0      (86.2)   1,269.9
CLEVELAND-CLIFFS  CVA QT          3,125.0      (86.2)   1,269.9
CLEVELAND-CLIFFS  CLF2EUR EU      3,125.0      (86.2)   1,269.9
CLEVELAND-CLIFFS  CVA GR          3,125.0      (86.2)   1,269.9
CLEVELAND-CLIFFS  CVA GZ          3,125.0      (86.2)   1,269.9
COGENT COMMUNICA  OGM1 GR           757.3     (125.8)     286.2
COGENT COMMUNICA  CCOI US           757.3     (125.8)     286.2
COLGATE-BDR       COLG34 BZ      12,571.0      (68.0)     394.0
COLGATE-PALMOLIV  CL EU          12,571.0      (68.0)     394.0
COLGATE-PALMOLIV  CPA TH         12,571.0      (68.0)     394.0
COLGATE-PALMOLIV  CLCHF EU       12,571.0      (68.0)     394.0
COLGATE-PALMOLIV  CLEUR EU       12,571.0      (68.0)     394.0
COLGATE-PALMOLIV  CL* MM         12,571.0      (68.0)     394.0
COLGATE-PALMOLIV  CL SW          12,571.0      (68.0)     394.0
COLGATE-PALMOLIV  CL TE          12,571.0      (68.0)     394.0
COLGATE-PALMOLIV  COLG AV        12,571.0      (68.0)     394.0
COLGATE-PALMOLIV  CPA QT         12,571.0      (68.0)     394.0
COLGATE-PALMOLIV  CL US          12,571.0      (68.0)     394.0
COLGATE-PALMOLIV  CPA GR         12,571.0      (68.0)     394.0
COLGATE-PALMOLIV  CPA GZ         12,571.0      (68.0)     394.0
COLGATE-PALMOLIV  CLUSD SW       12,571.0      (68.0)     394.0
COMMUNITY HEALTH  CG5 GR         16,469.0     (635.0)   1,245.0
COMMUNITY HEALTH  CYH US         16,469.0     (635.0)   1,245.0
COMMUNITY HEALTH  CG5 QT         16,469.0     (635.0)   1,245.0
COMMUNITY HEALTH  CYH1EUR EU     16,469.0     (635.0)   1,245.0
COMSTOCK RES INC  CX9 GR            921.3     (442.4)      13.1
COMSTOCK RES INC  CRK US            921.3     (442.4)      13.1
COMSTOCK RES INC  CRK1EUR EU        921.3     (442.4)      13.1
CONCORDIA INTERN  CXR CN          2,122.5   (2,132.4)  (3,601.8)
CONCORDIA INTERN  CXR/U CN        2,122.5   (2,132.4)  (3,601.8)
CONCORDIA INTERN  CXRXF US        2,122.5   (2,132.4)  (3,601.8)
CONCORDIA INTERN  80CD GR         2,122.5   (2,132.4)  (3,601.8)
CONCORDIA INTERN  CXREUR EU       2,122.5   (2,132.4)  (3,601.8)
CONVERGEONE HOLD  CVON US         1,066.9     (156.7)      13.7
CUMULUS MEDIA-A   CMLS US         2,413.5     (498.0)     342.7
DELEK LOGISTICS   DKL US            693.6     (130.4)      70.4
DELEK LOGISTICS   D6L GR            693.6     (130.4)      70.4
DENNY'S CORP      DENN US           328.8     (110.0)     (43.0)
DENNY'S CORP      DENNEUR EU        328.8     (110.0)     (43.0)
DENNY'S CORP      DE8 GR            328.8     (110.0)     (43.0)
DERMIRA           DERM US           318.9     (673.2)     353.7
DERMIRA           DERMEUR EU        318.9     (673.2)     353.7
DERMIRA           19D GR            318.9     (673.2)     353.7
DEX MEDIA INC     DMDA US         1,419.0   (1,284.0)  (1,999.0)
DINE BRANDS GLOB  DIN US          1,649.7     (213.4)      82.5
DINE BRANDS GLOB  IHP GR          1,649.7     (213.4)      82.5
DOLLARAMA INC     DR3 GR          2,172.4      (57.2)     115.0
DOLLARAMA INC     DLMAF US        2,172.4      (57.2)     115.0
DOLLARAMA INC     DOL CN          2,172.4      (57.2)     115.0
DOLLARAMA INC     DR3 GZ          2,172.4      (57.2)     115.0
DOLLARAMA INC     DOLEUR EU       2,172.4      (57.2)     115.0
DOLLARAMA INC     DR3 TH          2,172.4      (57.2)     115.0
DOLLARAMA INC     DR3 QT          2,172.4      (57.2)     115.0
DOMINO'S PIZZA    EZV GR            912.1   (2,973.8)     229.2
DOMINO'S PIZZA    DPZ US            912.1   (2,973.8)     229.2
DOMINO'S PIZZA    DPZEUR EU         912.1   (2,973.8)     229.2
DOMINO'S PIZZA    DPZUSD EU         912.1   (2,973.8)     229.2
DOMINO'S PIZZA    EZV SW            912.1   (2,973.8)     229.2
DOMINO'S PIZZA    EZV QT            912.1   (2,973.8)     229.2
DOMINO'S PIZZA    EZV TH            912.1   (2,973.8)     229.2
DUN & BRADSTREET  DNB US          1,931.4     (730.1)    (291.9)
DUN & BRADSTREET  DB5 GR          1,931.4     (730.1)    (291.9)
DUN & BRADSTREET  DB5 TH          1,931.4     (730.1)    (291.9)
DUN & BRADSTREET  DB5 QT          1,931.4     (730.1)    (291.9)
DUN & BRADSTREET  DNB1EUR EU      1,931.4     (730.1)    (291.9)
DUNKIN' BRANDS G  2DB TH          3,354.2     (735.6)     281.9
DUNKIN' BRANDS G  DNKN US         3,354.2     (735.6)     281.9
DUNKIN' BRANDS G  2DB GR          3,354.2     (735.6)     281.9
DUNKIN' BRANDS G  2DB GZ          3,354.2     (735.6)     281.9
DUNKIN' BRANDS G  2DB QT          3,354.2     (735.6)     281.9
DUNKIN' BRANDS G  DNKNEUR EU      3,354.2     (735.6)     281.9
EGAIN CORP        EGAN US            49.4       (3.8)      (7.3)
EGAIN CORP        EGCA GR            49.4       (3.8)      (7.3)
EGAIN CORP        EGANEUR EU         49.4       (3.8)      (7.3)
ENPHASE ENERGY    E0P GR            218.5      (30.1)      40.7
ENPHASE ENERGY    ENPH US           218.5      (30.1)      40.7
ENPHASE ENERGY    ENPHUSD EU        218.5      (30.1)      40.7
ENPHASE ENERGY    E0P GZ            218.5      (30.1)      40.7
ENPHASE ENERGY    E0P QT            218.5      (30.1)      40.7
ENPHASE ENERGY    ENPHEUR EU        218.5      (30.1)      40.7
ENPHASE ENERGY    E0P TH            218.5      (30.1)      40.7
EVERI HOLDINGS I  G2C TH          1,534.2     (113.2)      11.5
EVERI HOLDINGS I  G2C GR          1,534.2     (113.2)      11.5
EVERI HOLDINGS I  EVRI US         1,534.2     (113.2)      11.5
EVERI HOLDINGS I  EVRIEUR EU      1,534.2     (113.2)      11.5
EVOLUS INC        EOLS US           183.4     (110.6)      (5.5)
EVOLUS INC        EOLSEUR EU        183.4     (110.6)      (5.5)
EVOLUS INC        EVL GR            183.4     (110.6)      (5.5)
EVOLUS INC        EVL TH            183.4     (110.6)      (5.5)
EXELA TECHNOLOGI  XELAU US        1,662.3      (93.2)     (26.8)
EXELA TECHNOLOGI  XELA US         1,662.3      (93.2)     (26.8)
FRONTDOOR IN      FTDR US         1,065.0     (439.0)    (115.0)
GAMCO INVESTO-A   GBL US            118.5      (12.2)       -
GNC HOLDINGS INC  GNC US          1,479.6     (170.7)     246.4
GNC HOLDINGS INC  IGN GR          1,479.6     (170.7)     246.4
GNC HOLDINGS INC  GNC* MM         1,479.6     (170.7)     246.4
GNC HOLDINGS INC  IGN TH          1,479.6     (170.7)     246.4
GNC HOLDINGS INC  GNC1USD EU      1,479.6     (170.7)     246.4
GNC HOLDINGS INC  GNC1EUR EU      1,479.6     (170.7)     246.4
GOGO INC          GOGO US         1,248.5     (261.3)     300.9
GOGO INC          GOGOEUR EU      1,248.5     (261.3)     300.9
GOGO INC          G0G QT          1,248.5     (261.3)     300.9
GOGO INC          G0G GR          1,248.5     (261.3)     300.9
GOLDEN STAR RES   GS5 TH            331.4      (71.3)     (91.0)
GOLDEN STAR RES   GSC CN            331.4      (71.3)     (91.0)
GOLDEN STAR RES   GSS US            331.4      (71.3)     (91.0)
GOOSEHEAD INSU-A  GSHD US            32.0      (26.7)       -
GOOSEHEAD INSU-A  2OX GR             32.0      (26.7)       -
GOOSEHEAD INSU-A  GSHDEUR EU         32.0      (26.7)       -
GORES HOLDINGS    GRSHU US            0.3       (0.0)      (0.0)
GRAFTECH INTERNA  EAF US          1,502.7   (1,038.5)     348.0
GRAFTECH INTERNA  G6G GR          1,502.7   (1,038.5)     348.0
GRAFTECH INTERNA  EAFEUR EU       1,502.7   (1,038.5)     348.0
GRAFTECH INTERNA  G6G TH          1,502.7   (1,038.5)     348.0
GRAFTECH INTERNA  G6G QT          1,502.7   (1,038.5)     348.0
GRAFTECH INTERNA  EAFUSD EU       1,502.7   (1,038.5)     348.0
GREEN PLAINS PAR  GPP US             89.3      (67.4)       2.8
GREEN PLAINS PAR  8GP GR             89.3      (67.4)       2.8
GREEN THUMB INDU  R9U2 GR             1.1       (0.5)      (0.5)
GREEN THUMB INDU  GTII CN             1.1       (0.5)      (0.5)
GREEN THUMB INDU  GTBIF US            1.1       (0.5)      (0.5)
GREENSKY INC-A    GSKY US           801.5      (12.2)     (28.5)
HANGER INC        HNGR US           675.6      (25.6)     139.7
HCA HEALTHCARE I  2BH TH         38,044.0   (3,730.0)   3,779.0
HCA HEALTHCARE I  HCA US         38,044.0   (3,730.0)   3,779.0
HCA HEALTHCARE I  2BH GR         38,044.0   (3,730.0)   3,779.0
HCA HEALTHCARE I  HCAUSD EU      38,044.0   (3,730.0)   3,779.0
HCA HEALTHCARE I  HCA* MM        38,044.0   (3,730.0)   3,779.0
HCA HEALTHCARE I  2BH QT         38,044.0   (3,730.0)   3,779.0
HCA HEALTHCARE I  HCAEUR EU      38,044.0   (3,730.0)   3,779.0
HELIUS MEDICAL T  26H GR             17.1      (12.1)     (12.4)
HELIUS MEDICAL T  HSM CN             17.1      (12.1)     (12.4)
HELIUS MEDICAL T  HSDT US            17.1      (12.1)     (12.4)
HERBALIFE NUTRIT  HLF US          2,734.8     (761.1)     210.5
HERBALIFE NUTRIT  HOO GR          2,734.8     (761.1)     210.5
HERBALIFE NUTRIT  HLFUSD EU       2,734.8     (761.1)     210.5
HERBALIFE NUTRIT  HLFEUR EU       2,734.8     (761.1)     210.5
HERBALIFE NUTRIT  HOO QT          2,734.8     (761.1)     210.5
HORTONWORKS INC   14K SW            291.4       (3.6)      (5.2)
HORTONWORKS INC   HDP US            291.4       (3.6)      (5.2)
HORTONWORKS INC   14K GR            291.4       (3.6)      (5.2)
HORTONWORKS INC   14K QT            291.4       (3.6)      (5.2)
HORTONWORKS INC   HDPEUR EU         291.4       (3.6)      (5.2)
HP COMPANY-BDR    HPQB34 BZ      34,254.0   (1,767.0)  (3,730.0)
HP INC            HPQ TE         34,254.0   (1,767.0)  (3,730.0)
HP INC            7HP GR         34,254.0   (1,767.0)  (3,730.0)
HP INC            HPQ US         34,254.0   (1,767.0)  (3,730.0)
HP INC            7HP TH         34,254.0   (1,767.0)  (3,730.0)
HP INC            HPQ* MM        34,254.0   (1,767.0)  (3,730.0)
HP INC            HWP QT         34,254.0   (1,767.0)  (3,730.0)
HP INC            HPQCHF EU      34,254.0   (1,767.0)  (3,730.0)
HP INC            HPQUSD EU      34,254.0   (1,767.0)  (3,730.0)
HP INC            HPQ SW         34,254.0   (1,767.0)  (3,730.0)
HP INC            HPQEUR EU      34,254.0   (1,767.0)  (3,730.0)
HP INC            7HP GZ         34,254.0   (1,767.0)  (3,730.0)
HP INC            HPQUSD SW      34,254.0   (1,767.0)  (3,730.0)
HP INC            HPQ CI         34,254.0   (1,767.0)  (3,730.0)
IDEXX LABS        IDXX TE         1,544.5       (1.4)     (55.3)
IDEXX LABS        IX1 TH          1,544.5       (1.4)     (55.3)
IDEXX LABS        IDXX US         1,544.5       (1.4)     (55.3)
IDEXX LABS        IX1 GR          1,544.5       (1.4)     (55.3)
IDEXX LABS        IDXX AV         1,544.5       (1.4)     (55.3)
IDEXX LABS        IX1 GZ          1,544.5       (1.4)     (55.3)
IDEXX LABS        IX1 QT          1,544.5       (1.4)     (55.3)
INFRASTRUCTURE A  IEA US            485.9     (112.5)      30.0
INNOVIVA INC      HVE GR            277.7     (108.3)     116.8
INNOVIVA INC      INVAUSD EU        277.7     (108.3)     116.8
INNOVIVA INC      HVE QT            277.7     (108.3)     116.8
INNOVIVA INC      HVE TH            277.7     (108.3)     116.8
INNOVIVA INC      INVA US           277.7     (108.3)     116.8
INNOVIVA INC      INVAEUR EU        277.7     (108.3)     116.8
INNOVIVA INC      HVE GZ            277.7     (108.3)     116.8
INSEEGO CORP      INSG US           158.9      (33.3)      29.8
INSEEGO CORP      INO GR            158.9      (33.3)      29.8
INSEEGO CORP      INSGEUR EU        158.9      (33.3)      29.8
INTERNAP CORP     INAP US           746.0      (19.0)     (37.7)
INTERNAP CORP     IP9N GR           746.0      (19.0)     (37.7)
INTERNAP CORP     INAPEUR EU        746.0      (19.0)     (37.7)
IRONWOOD PHARMAC  I76 TH            416.7     (197.3)     136.0
IRONWOOD PHARMAC  IRWD US           416.7     (197.3)     136.0
IRONWOOD PHARMAC  I76 GR            416.7     (197.3)     136.0
IRONWOOD PHARMAC  IRWDUSD EU        416.7     (197.3)     136.0
IRONWOOD PHARMAC  IRWDEUR EU        416.7     (197.3)     136.0
IRONWOOD PHARMAC  I76 QT            416.7     (197.3)     136.0
ISRAMCO INC       ISRL US           110.2      (14.8)      (7.3)
ISRAMCO INC       IRM GR            110.2      (14.8)      (7.3)
ISRAMCO INC       ISRLEUR EU        110.2      (14.8)      (7.3)
JACK IN THE BOX   JACK US           879.4     (490.5)     (30.9)
JACK IN THE BOX   JBX GR            879.4     (490.5)     (30.9)
JACK IN THE BOX   JACK1EUR EU       879.4     (490.5)     (30.9)
JACK IN THE BOX   JBX GZ            879.4     (490.5)     (30.9)
JACK IN THE BOX   JBX QT            879.4     (490.5)     (30.9)
KERYX BIOPHARM    KERXUSD EU        151.8      (54.2)      69.3
KERYX BIOPHARM    KERX US           151.8      (54.2)      69.3
L BRANDS INC      LB US           7,620.0   (1,122.0)     859.0
L BRANDS INC      LTD TH          7,620.0   (1,122.0)     859.0
L BRANDS INC      LTD GR          7,620.0   (1,122.0)     859.0
L BRANDS INC      LBUSD EU        7,620.0   (1,122.0)     859.0
L BRANDS INC      LBEUR EU        7,620.0   (1,122.0)     859.0
L BRANDS INC      LB* MM          7,620.0   (1,122.0)     859.0
L BRANDS INC      LTD QT          7,620.0   (1,122.0)     859.0
L BRANDS INC-BDR  LBRN34 BZ       7,620.0   (1,122.0)     859.0
LAMB WESTON       LW-WUSD EU      2,854.3     (188.2)     466.5
LAMB WESTON       0L5 GR          2,854.3     (188.2)     466.5
LAMB WESTON       LW-WEUR EU      2,854.3     (188.2)     466.5
LAMB WESTON       0L5 TH          2,854.3     (188.2)     466.5
LAMB WESTON       0L5 QT          2,854.3     (188.2)     466.5
LAMB WESTON       LW US           2,854.3     (188.2)     466.5
LEGACY RESERVES   LGCY US         1,451.7     (282.0)    (595.5)
LENNOX INTL INC   LII US          1,910.8      (86.8)     496.7
LENNOX INTL INC   LXI GR          1,910.8      (86.8)     496.7
LENNOX INTL INC   LXI TH          1,910.8      (86.8)     496.7
LENNOX INTL INC   LII1USD EU      1,910.8      (86.8)     496.7
LENNOX INTL INC   LII1EUR EU      1,910.8      (86.8)     496.7
LEXICON PHARMACE  LX31 GR           310.2      (29.4)     129.9
LEXICON PHARMACE  LXRX US           310.2      (29.4)     129.9
LEXICON PHARMACE  LXRXUSD EU        310.2      (29.4)     129.9
LEXICON PHARMACE  LXRXEUR EU        310.2      (29.4)     129.9
LEXICON PHARMACE  LX31 QT           310.2      (29.4)     129.9
MCDONALDS - BDR   MCDC34 BZ      34,053.7   (6,792.6)   1,926.4
MCDONALDS CORP    MCD SW         34,053.7   (6,792.6)   1,926.4
MCDONALDS CORP    MCD US         34,053.7   (6,792.6)   1,926.4
MCDONALDS CORP    MDO GR         34,053.7   (6,792.6)   1,926.4
MCDONALDS CORP    MCD* MM        34,053.7   (6,792.6)   1,926.4
MCDONALDS CORP    MCD TE         34,053.7   (6,792.6)   1,926.4
MCDONALDS CORP    MDO TH         34,053.7   (6,792.6)   1,926.4
MCDONALDS CORP    MDO QT         34,053.7   (6,792.6)   1,926.4
MCDONALDS CORP    MCDCHF EU      34,053.7   (6,792.6)   1,926.4
MCDONALDS CORP    MCDUSD EU      34,053.7   (6,792.6)   1,926.4
MCDONALDS CORP    MCDEUR EU      34,053.7   (6,792.6)   1,926.4
MCDONALDS CORP    MDO GZ         34,053.7   (6,792.6)   1,926.4
MCDONALDS CORP    MCD AV         34,053.7   (6,792.6)   1,926.4
MCDONALDS CORP    MCDUSD SW      34,053.7   (6,792.6)   1,926.4
MCDONALDS CORP    MCD CI         34,053.7   (6,792.6)   1,926.4
MCDONALDS-CEDEAR  MCD AR         34,053.7   (6,792.6)   1,926.4
MEDICINES COMP    MDCO US           733.7      (26.6)     109.5
MEDICINES COMP    MZN GR            733.7      (26.6)     109.5
MEDICINES COMP    MDCOUSD EU        733.7      (26.6)     109.5
MEDICINES COMP    MZN GZ            733.7      (26.6)     109.5
MEDICINES COMP    MZN QT            733.7      (26.6)     109.5
MEDICINES COMP    MZN TH            733.7      (26.6)     109.5
MEDLEY MANAGE-A   MDLY US            94.2      (54.1)      13.7
MEDMEN ENTERPRIS  MMEN CN             0.0       (0.0)      (0.0)
MEDMEN ENTERPRIS  MMNFF US            0.0       (0.0)      (0.0)
MEDMEN ENTERPRIS  0JS GR              0.0       (0.0)      (0.0)
MEDMEN ENTERPRIS  MMENEUR EU          0.0       (0.0)      (0.0)
MEDMEN ENTERPRIS  0JS TH              0.0       (0.0)      (0.0)
MEDMEN ENTERPRIS  0JS GZ              0.0       (0.0)      (0.0)
MICHAELS COS INC  MIK US          2,192.5   (1,699.4)     501.7
MICHAELS COS INC  MIM GR          2,192.5   (1,699.4)     501.7
MONEYGRAM INTERN  9M1N GR         4,526.8     (236.6)     (52.3)
MONEYGRAM INTERN  MGIUSD EU       4,526.8     (236.6)     (52.3)
MONEYGRAM INTERN  9M1N QT         4,526.8     (236.6)     (52.3)
MOTOROLA SOLUTIO  MOT TE          8,963.0   (1,395.0)     576.0
MOTOROLA SOLUTIO  MSI US          8,963.0   (1,395.0)     576.0
MOTOROLA SOLUTIO  MTLA TH         8,963.0   (1,395.0)     576.0
MOTOROLA SOLUTIO  MSI1USD EU      8,963.0   (1,395.0)     576.0
MOTOROLA SOLUTIO  MTLA QT         8,963.0   (1,395.0)     576.0
MOTOROLA SOLUTIO  MSI1EUR EU      8,963.0   (1,395.0)     576.0
MOTOROLA SOLUTIO  MTLA GZ         8,963.0   (1,395.0)     576.0
MOTOROLA SOLUTIO  MTLA GR         8,963.0   (1,395.0)     576.0
MSG NETWORKS- A   MSGN US           806.4     (610.2)     185.7
MSG NETWORKS- A   1M4 TH            806.4     (610.2)     185.7
MSG NETWORKS- A   1M4 GR            806.4     (610.2)     185.7
MSG NETWORKS- A   MSGNEUR EU        806.4     (610.2)     185.7
MSG NETWORKS- A   1M4 QT            806.4     (610.2)     185.7
NATHANS FAMOUS    NATH US            86.4      (79.3)      62.3
NATHANS FAMOUS    NFA GR             86.4      (79.3)      62.3
NATIONAL CINEMED  NCMI US         1,120.0      (90.4)      89.4
NATIONAL CINEMED  XWM GR          1,120.0      (90.4)      89.4
NATIONAL CINEMED  NCMIEUR EU      1,120.0      (90.4)      89.4
NAVISTAR INTL     IHR TH          6,924.0   (4,334.0)     596.0
NAVISTAR INTL     NAV US          6,924.0   (4,334.0)     596.0
NAVISTAR INTL     IHR GR          6,924.0   (4,334.0)     596.0
NAVISTAR INTL     NAVEUR EU       6,924.0   (4,334.0)     596.0
NAVISTAR INTL     NAVUSD EU       6,924.0   (4,334.0)     596.0
NAVISTAR INTL     IHR GZ          6,924.0   (4,334.0)     596.0
NAVISTAR INTL     IHR QT          6,924.0   (4,334.0)     596.0
NEW ENG RLTY-LP   NEN US            253.8      (35.6)       -
NII HOLDINGS INC  NIHDEUR EU      1,039.6     (187.0)     203.5
NII HOLDINGS INC  NIHD US         1,039.6     (187.0)     203.5
NII HOLDINGS INC  NJJA GR         1,039.6     (187.0)     203.5
NRG ENERGY        NRA GR         11,450.0     (917.0)   1,562.0
NRG ENERGY        NRA TH         11,450.0     (917.0)   1,562.0
NRG ENERGY        NRG US         11,450.0     (917.0)   1,562.0
NRG ENERGY        NRGEUR EU      11,450.0     (917.0)   1,562.0
NRG ENERGY        NRA QT         11,450.0     (917.0)   1,562.0
OMEROS CORP       OMER US            75.6      (89.0)      41.4
OMEROS CORP       3O8 GR             75.6      (89.0)      41.4
OMEROS CORP       OMERUSD EU         75.6      (89.0)      41.4
OMEROS CORP       3O8 TH             75.6      (89.0)      41.4
OMEROS CORP       OMEREUR EU         75.6      (89.0)      41.4
ONDAS HOLDINGS I  ONDS US             0.0       (0.0)      (0.0)
OPTIVA INC        OPT CN            158.9      (16.7)      21.9
OPTIVA INC        RKNEF US          158.9      (16.7)      21.9
OPTIVA INC        RE6 GR            158.9      (16.7)      21.9
OPTIVA INC        3230510Q EU       158.9      (16.7)      21.9
OPTIVA INC        RKNEUR EU         158.9      (16.7)      21.9
PAPA JOHN'S INTL  PP1 GR            551.2     (268.7)     (11.4)
PAPA JOHN'S INTL  PZZA US           551.2     (268.7)     (11.4)
PAPA JOHN'S INTL  PZZAEUR EU        551.2     (268.7)     (11.4)
PHILIP MORRIS IN  PM1 EU         39,380.0   (9,942.0)   2,939.0
PHILIP MORRIS IN  4I1 GR         39,380.0   (9,942.0)   2,939.0
PHILIP MORRIS IN  PM US          39,380.0   (9,942.0)   2,939.0
PHILIP MORRIS IN  PM1CHF EU      39,380.0   (9,942.0)   2,939.0
PHILIP MORRIS IN  PM1 TE         39,380.0   (9,942.0)   2,939.0
PHILIP MORRIS IN  4I1 TH         39,380.0   (9,942.0)   2,939.0
PHILIP MORRIS IN  PM1EUR EU      39,380.0   (9,942.0)   2,939.0
PHILIP MORRIS IN  PMI SW         39,380.0   (9,942.0)   2,939.0
PHILIP MORRIS IN  PMOR AV        39,380.0   (9,942.0)   2,939.0
PHILIP MORRIS IN  4I1 QT         39,380.0   (9,942.0)   2,939.0
PHILIP MORRIS IN  4I1 GZ         39,380.0   (9,942.0)   2,939.0
PHILIP MORRIS IN  PMI1 IX        39,380.0   (9,942.0)   2,939.0
PHILIP MORRIS IN  PMI EB         39,380.0   (9,942.0)   2,939.0
PLANET FITNESS-A  PLNT1USD EU     1,621.4     (110.1)     540.5
PLANET FITNESS-A  PLNT US         1,621.4     (110.1)     540.5
PLANET FITNESS-A  3PL TH          1,621.4     (110.1)     540.5
PLANET FITNESS-A  3PL GR          1,621.4     (110.1)     540.5
PLANET FITNESS-A  3PL QT          1,621.4     (110.1)     540.5
PLANET FITNESS-A  PLNT1EUR EU     1,621.4     (110.1)     540.5
PLURALSIGHT IN-A  PS US             421.6      226.3       86.3
PROTAGONIST THER  PTGX US           148.9     (126.6)      (8.0)
QUEBECOR INC-A    QBR/A CN        9,101.7     (226.6)  (1,081.3)
QUEBECOR INC-B    QB3 GR          9,101.7     (226.6)  (1,081.3)
QUEBECOR INC-B    QBCRF US        9,101.7     (226.6)  (1,081.3)
QUEBECOR INC-B    QBR/B CN        9,101.7     (226.6)  (1,081.3)
QUORUM HEALTH     QHC US          1,613.1      (58.0)     165.8
QUORUM HEALTH     QH3 GR          1,613.1      (58.0)     165.8
RESOLUTE ENERGY   REN US            897.8      (94.8)    (193.8)
RESOLUTE ENERGY   R21 GR            897.8      (94.8)    (193.8)
RESOLUTE ENERGY   RENEUR EU         897.8      (94.8)    (193.8)
RESVERLOGIX CORP  RVX CN             14.3     (132.9)     (59.0)
REVLON INC-A      RVL1 GR         3,188.3     (988.2)      45.7
REVLON INC-A      REV US          3,188.3     (988.2)      45.7
REVLON INC-A      REVUSD EU       3,188.3     (988.2)      45.7
REVLON INC-A      RVL1 TH         3,188.3     (988.2)      45.7
REVLON INC-A      REVEUR EU       3,188.3     (988.2)      45.7
RIMINI STREET IN  RMNI US           119.5     (229.9)    (131.1)
ROSETTA STONE IN  RS8 TH            191.5       (9.1)     (68.2)
ROSETTA STONE IN  RS8 GR            191.5       (9.1)     (68.2)
ROSETTA STONE IN  RST US            191.5       (9.1)     (68.2)
ROSETTA STONE IN  RST1USD EU        191.5       (9.1)     (68.2)
ROSETTA STONE IN  RST1EUR EU        191.5       (9.1)     (68.2)
RR DONNELLEY & S  DLLN TH         3,698.0     (219.5)     635.1
RR DONNELLEY & S  RRDUSD EU       3,698.0     (219.5)     635.1
RR DONNELLEY & S  DLLN GR         3,698.0     (219.5)     635.1
RR DONNELLEY & S  RRD US          3,698.0     (219.5)     635.1
RR DONNELLEY & S  RRDEUR EU       3,698.0     (219.5)     635.1
SALLY BEAUTY HOL  S7V GR          2,097.4     (268.6)     663.9
SALLY BEAUTY HOL  SBH US          2,097.4     (268.6)     663.9
SALLY BEAUTY HOL  SBHEUR EU       2,097.4     (268.6)     663.9
SANCHEZ ENERGY C  SN* MM          2,931.8      (80.0)     (37.1)
SBA COMM CORP     SBACUSD EU      7,213.8   (3,145.1)      62.2
SBA COMM CORP     SBACEUR EU      7,213.8   (3,145.1)      62.2
SBA COMM CORP     4SB GR          7,213.8   (3,145.1)      62.2
SBA COMM CORP     SBAC US         7,213.8   (3,145.1)      62.2
SBA COMM CORP     4SB GZ          7,213.8   (3,145.1)      62.2
SBA COMM CORP     SBJ TH          7,213.8   (3,145.1)      62.2
SCIENTIFIC GAMES  SGMS US         7,612.9   (2,268.4)     630.9
SCIENTIFIC GAMES  SGMSUSD EU      7,612.9   (2,268.4)     630.9
SCIENTIFIC GAMES  TJW GR          7,612.9   (2,268.4)     630.9
SCIENTIFIC GAMES  TJW TH          7,612.9   (2,268.4)     630.9
SCIENTIFIC GAMES  TJW GZ          7,612.9   (2,268.4)     630.9
SEALED AIR CORP   SDA GR          4,997.0     (445.7)      28.8
SEALED AIR CORP   SEE US          4,997.0     (445.7)      28.8
SEALED AIR CORP   SEE1EUR EU      4,997.0     (445.7)      28.8
SEALED AIR CORP   SEE1USD EU      4,997.0     (445.7)      28.8
SEALED AIR CORP   SDA QT          4,997.0     (445.7)      28.8
SEALED AIR CORP   SDA TH          4,997.0     (445.7)      28.8
SERES THERAPEUTI  MCRB1EUR EU       109.0      (30.6)      40.4
SERES THERAPEUTI  MCRB US           109.0      (30.6)      40.4
SERES THERAPEUTI  1S9 GR            109.0      (30.6)      40.4
SHELL MIDSTREAM   49M GR          1,870.4     (320.8)     177.1
SHELL MIDSTREAM   49M TH          1,870.4     (320.8)     177.1
SHELL MIDSTREAM   SHLX US         1,870.4     (320.8)     177.1
SHELL MIDSTREAM   49M QT          1,870.4     (320.8)     177.1
SINO UNITED WORL  SUIC US             0.0       (0.1)      (0.1)
SIRIUS XM HOLDIN  RDO GR          8,273.5   (1,375.4)  (2,319.9)
SIRIUS XM HOLDIN  RDO TH          8,273.5   (1,375.4)  (2,319.9)
SIRIUS XM HOLDIN  SIRIUSD EU      8,273.5   (1,375.4)  (2,319.9)
SIRIUS XM HOLDIN  SIRI TE         8,273.5   (1,375.4)  (2,319.9)
SIRIUS XM HOLDIN  RDO QT          8,273.5   (1,375.4)  (2,319.9)
SIRIUS XM HOLDIN  SIRIEUR EU      8,273.5   (1,375.4)  (2,319.9)
SIRIUS XM HOLDIN  RDO GZ          8,273.5   (1,375.4)  (2,319.9)
SIRIUS XM HOLDIN  SIRI AV         8,273.5   (1,375.4)  (2,319.9)
SIRIUS XM HOLDIN  SIRI US         8,273.5   (1,375.4)  (2,319.9)
SIX FLAGS ENTERT  6FE GR          2,633.4       (1.2)     (54.8)
SIX FLAGS ENTERT  SIXEUR EU       2,633.4       (1.2)     (54.8)
SIX FLAGS ENTERT  SIX US          2,633.4       (1.2)     (54.8)
SLEEP NUMBER COR  SNBR US           470.1      (54.4)    (280.6)
SLEEP NUMBER COR  SL2 GR            470.1      (54.4)    (280.6)
SLEEP NUMBER COR  SNBREUR EU        470.1      (54.4)    (280.6)
SONIC CORP        SONC US           531.1     (288.8)      42.4
SONIC CORP        SO4 GR            531.1     (288.8)      42.4
SONIC CORP        SONCUSD EU        531.1     (288.8)      42.4
SONIC CORP        SONCEUR EU        531.1     (288.8)      42.4
SONIC CORP        SO4 TH            531.1     (288.8)      42.4
TAUBMAN CENTERS   TCO US          4,335.7     (238.6)       -
TAUBMAN CENTERS   TU8 GR          4,335.7     (238.6)       -
TENABLE HOLDINGS  0ZC0 LI           454.2      132.6      161.0
TENABLE HOLDINGS  TENB US           454.2      132.6      161.0
TENABLE HOLDINGS  TE7 GR            454.2      132.6      161.0
TENABLE HOLDINGS  TE7 GZ            454.2      132.6      161.0
TENABLE HOLDINGS  TE7 QT            454.2      132.6      161.0
TENABLE HOLDINGS  TE7 TH            454.2      132.6      161.0
TESARO INC        TSRO US           710.8     (130.8)     457.9
TESARO INC        TSROUSD EU        710.8     (130.8)     457.9
TESARO INC        T8S TH            710.8     (130.8)     457.9
TESARO INC        T8S QT            710.8     (130.8)     457.9
TESARO INC        TSROEUR EU        710.8     (130.8)     457.9
TESARO INC        T8S GR            710.8     (130.8)     457.9
TOWN SPORTS INTE  CLUB US           261.9      (75.4)     (16.8)
TOWN SPORTS INTE  T3D GR            261.9      (75.4)     (16.8)
TOWN SPORTS INTE  CLUBEUR EU        261.9      (75.4)     (16.8)
TRANSDIGM GROUP   TDG US         12,197.5   (1,808.5)   2,756.9
TRANSDIGM GROUP   T7D GR         12,197.5   (1,808.5)   2,756.9
TRANSDIGM GROUP   T7D TH         12,197.5   (1,808.5)   2,756.9
TRANSDIGM GROUP   TDGUSD EU      12,197.5   (1,808.5)   2,756.9
TRANSDIGM GROUP   TDGEUR EU      12,197.5   (1,808.5)   2,756.9
TRANSDIGM GROUP   T7D QT         12,197.5   (1,808.5)   2,756.9
TRIUMPH GROUP     TG7 GR          3,375.4     (238.1)     382.1
TRIUMPH GROUP     TGI US          3,375.4     (238.1)     382.1
TRIUMPH GROUP     TGIEUR EU       3,375.4     (238.1)     382.1
TRULIEVE CANNABI  TRUL CN             0.1       (0.2)      (0.2)
TRULIEVE CANNABI  TCNNF US            0.1       (0.2)      (0.2)
TUPPERWARE BRAND  TUP GR          1,364.6     (234.6)    (153.5)
TUPPERWARE BRAND  TUP US          1,364.6     (234.6)    (153.5)
TUPPERWARE BRAND  TUP1USD EU      1,364.6     (234.6)    (153.5)
TUPPERWARE BRAND  TUP QT          1,364.6     (234.6)    (153.5)
TUPPERWARE BRAND  TUP GZ          1,364.6     (234.6)    (153.5)
TUPPERWARE BRAND  TUP TH          1,364.6     (234.6)    (153.5)
TUPPERWARE BRAND  TUP1EUR EU      1,364.6     (234.6)    (153.5)
UNISYS CORP       USY1 TH         2,370.9   (1,244.1)     413.1
UNISYS CORP       USY1 GR         2,370.9   (1,244.1)     413.1
UNISYS CORP       UIS US          2,370.9   (1,244.1)     413.1
UNISYS CORP       UIS1 SW         2,370.9   (1,244.1)     413.1
UNISYS CORP       UISEUR EU       2,370.9   (1,244.1)     413.1
UNISYS CORP       UIS EU          2,370.9   (1,244.1)     413.1
UNISYS CORP       USY1 GZ         2,370.9   (1,244.1)     413.1
UNISYS CORP       USY1 QT         2,370.9   (1,244.1)     413.1
UNITI GROUP INC   UNIT US         4,570.8   (1,319.4)       -
UNITI GROUP INC   8XC GR          4,570.8   (1,319.4)       -
VALVOLINE INC     0V4 GR          1,854.0     (358.0)     314.0
VALVOLINE INC     0V4 TH          1,854.0     (358.0)     314.0
VALVOLINE INC     VVVEUR EU       1,854.0     (358.0)     314.0
VALVOLINE INC     0V4 QT          1,854.0     (358.0)     314.0
VALVOLINE INC     VVV US          1,854.0     (358.0)     314.0
VANTAGE DRILL-UT  VTGGF US        1,033.3      (12.5)     222.0
VECTOR GROUP LTD  VGR US          1,346.9     (472.4)     137.6
VECTOR GROUP LTD  VGR GR          1,346.9     (472.4)     137.6
VECTOR GROUP LTD  VGREUR EU       1,346.9     (472.4)     137.6
VECTOR GROUP LTD  VGR QT          1,346.9     (472.4)     137.6
VERISIGN INC      VRS GR          1,884.6   (1,401.1)     322.3
VERISIGN INC      VRSN US         1,884.6   (1,401.1)     322.3
VERISIGN INC      VRS TH          1,884.6   (1,401.1)     322.3
VERISIGN INC      VRSNUSD EU      1,884.6   (1,401.1)     322.3
VERISIGN INC      VRS QT          1,884.6   (1,401.1)     322.3
VERISIGN INC      VRSNEUR EU      1,884.6   (1,401.1)     322.3
VERISIGN INC      VRS GZ          1,884.6   (1,401.1)     322.3
W&T OFFSHORE INC  UWV GR          1,102.3     (459.8)      43.2
W&T OFFSHORE INC  WTI US          1,102.3     (459.8)      43.2
W&T OFFSHORE INC  WTI1EUR EU      1,102.3     (459.8)      43.2
WAYFAIR INC- A    W US            1,299.6     (312.2)    (239.1)
WAYFAIR INC- A    1WF GR          1,299.6     (312.2)    (239.1)
WAYFAIR INC- A    WEUR EU         1,299.6     (312.2)    (239.1)
WAYFAIR INC- A    1WF QT          1,299.6     (312.2)    (239.1)
WEIGHT WATCHERS   WW6 GR          1,381.5     (841.3)      24.1
WEIGHT WATCHERS   WTW US          1,381.5     (841.3)      24.1
WEIGHT WATCHERS   WTWUSD EU       1,381.5     (841.3)      24.1
WEIGHT WATCHERS   WTWEUR EU       1,381.5     (841.3)      24.1
WEIGHT WATCHERS   WW6 QT          1,381.5     (841.3)      24.1
WEIGHT WATCHERS   WW6 TH          1,381.5     (841.3)      24.1
WEIGHT WATCHERS   WW6 GZ          1,381.5     (841.3)      24.1
WESTERN UNIO-BDR  WUNI34 BZ       8,989.6     (415.3)    (902.5)
WESTERN UNION     W3U TH          8,989.6     (415.3)    (902.5)
WESTERN UNION     W3U GR          8,989.6     (415.3)    (902.5)
WESTERN UNION     WU US           8,989.6     (415.3)    (902.5)
WESTERN UNION     W3U QT          8,989.6     (415.3)    (902.5)
WESTERN UNION     WUEUR EU        8,989.6     (415.3)    (902.5)
WESTERN UNION     W3U GZ          8,989.6     (415.3)    (902.5)
WIDEOPENWEST INC  WOW US          2,196.8     (422.4)     (95.7)
WIDEOPENWEST INC  WU5 GR          2,196.8     (422.4)     (95.7)
WIDEOPENWEST INC  WU5 QT          2,196.8     (422.4)     (95.7)
WIDEOPENWEST INC  WOW1EUR EU      2,196.8     (422.4)     (95.7)
WINDSTREAM HOLDI  WIN US         10,710.1   (1,360.9)    (417.1)
WINDSTREAM HOLDI  B4O2 TH        10,710.1   (1,360.9)    (417.1)
WINDSTREAM HOLDI  B4O2 GR        10,710.1   (1,360.9)    (417.1)
WINDSTREAM HOLDI  WIN2USD EU     10,710.1   (1,360.9)    (417.1)
WINGSTOP INC      WING1EUR EU       124.1     (140.7)      (6.7)
WINGSTOP INC      WING US           124.1     (140.7)      (6.7)
WINGSTOP INC      EWG GR            124.1     (140.7)      (6.7)
WINMARK CORP      WINA US            50.5      (11.7)       7.5
WINMARK CORP      GBZ GR             50.5      (11.7)       7.5
WORKIVA INC       WK US             200.4      (12.3)     (18.4)
WORKIVA INC       0WKA GR           200.4      (12.3)     (18.4)
WORKIVA INC       WKEUR EU          200.4      (12.3)     (18.4)
WYNDHAM DESTINAT  WD5 TH          7,132.0     (509.0)     (86.0)
WYNDHAM DESTINAT  WYND US         7,132.0     (509.0)     (86.0)
WYNDHAM DESTINAT  WD5 GR          7,132.0     (509.0)     (86.0)
WYNDHAM DESTINAT  WD5 QT          7,132.0     (509.0)     (86.0)
WYNDHAM DESTINAT  WYNEUR EU       7,132.0     (509.0)     (86.0)
YELLOW PAGES LTD  Y CN              544.3     (182.3)      70.9
YELLOW PAGES LTD  YLWDF US          544.3     (182.3)      70.9
YRC WORLDWIDE IN  YEL1 GR         1,657.6     (328.8)     174.4
YRC WORLDWIDE IN  YRCW US         1,657.6     (328.8)     174.4
YRC WORLDWIDE IN  YRCWUSD EU      1,657.6     (328.8)     174.4
YRC WORLDWIDE IN  YEL1 TH         1,657.6     (328.8)     174.4
YRC WORLDWIDE IN  YEL1 QT         1,657.6     (328.8)     174.4
YRC WORLDWIDE IN  YRCWEUR EU      1,657.6     (328.8)     174.4
YUM! BRANDS INC   TGR TH          4,155.0   (7,458.0)     (25.0)
YUM! BRANDS INC   TGR GR          4,155.0   (7,458.0)     (25.0)
YUM! BRANDS INC   YUM* MM         4,155.0   (7,458.0)     (25.0)
YUM! BRANDS INC   YUMEUR EU       4,155.0   (7,458.0)     (25.0)
YUM! BRANDS INC   TGR QT          4,155.0   (7,458.0)     (25.0)
YUM! BRANDS INC   YUM SW          4,155.0   (7,458.0)     (25.0)
YUM! BRANDS INC   YUM US          4,155.0   (7,458.0)     (25.0)
YUM! BRANDS INC   TGR GZ          4,155.0   (7,458.0)     (25.0)
YUM! BRANDS INC   YUMUSD SW       4,155.0   (7,458.0)     (25.0)
YUM! BRANDS INC   YUMUSD EU       4,155.0   (7,458.0)     (25.0)
ZYMEWORKS INC     0OX GR            194.4     (154.5)     148.5
ZYMEWORKS INC     ZYME CN           194.4     (154.5)     148.5
ZYMEWORKS INC     ZYME US           194.4     (154.5)     148.5



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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.

                   *** End of Transmission ***