/raid1/www/Hosts/bankrupt/TCR_Public/200527.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, May 27, 2020, Vol. 24, No. 147

                            Headlines

305 PETROLEUM: Hires Joseph M. Banker as Accountant
AIR CANADA: S&P Cuts ICR to 'BB-'; Rating Remains on Watch Negative
AKORN INC.: Hires Kurtzman as Claims and Noticing Agent
AKORN INC: Sets Bidding Procedures for Substantially All Assets
ANICHINI INC: Seeks to Hire Dribusch Law as Consultant

AQUARIUS BUILDING: Gets Interim Approval to Hire Hoffman as Counsel
ARCH RESOURCES: S&P Downgrades ICR to 'B+' on Waning Coal Demand
ASTROTECH CORP: Regains Compliance with Nasdaq Listing Rule
AUTHENTIC HOSPITALITY: Allowed to Use Cash Collateral Until May 30
BIONIK LABORATORIES: Cancels Distribution Deal with China Bionik

BIOPHARMX CORP: Closes Merger with Timber Pharmaceuticals
CADIZ INC: Expands Management Team to Support Expanding Operations
CAMBRIAN HOLDING: Sale of Equipment to Clintwood JOD Approved
CAMPBELL & SON: May 29 Plan Confirmation Hearing Set
CARBO CERAMICS: Judge Denies Bid to Appoint Equity Committee

CARVANA CO: Proposes to Sell 5 Million Class A Shares
CINEMEX USA: Gets Interim OK to Hire Province as Financial Advisor
CM RESORT: Seeks Approval to Hire Environmental Engineer
CM RESORT: Trustee Seeks Approval to Hire Land Surveyor
COMSALE GROUP: Foreign Rep's Sale of Assets to Escrap Approved

COUNTRYSIDE FUNERAL: Seeks to Hire Polston Tax as Accountant
DELCATH SYSTEMS: CEO and CFO Tender Resignations
ELITE AUTO DEALER: Hires Denali Consulting as Consultant
EMERALD X: S&P Lowers ICR to 'B' on Prolonged Increased Leverage
EP ENERGY: Committee Hires Fox Rothschild as Counsel

FIRST CLASS: $60K Sale of Assets to Colonial Approved
FOODFIRST GLOBAL: Hires Conaway Stargatt as Special Counsel
FORD MOTOR: DBRS Lowers Issuer Rating to BB(high)
FULTON PROPERTIES: Hires Frederic P. Schwieg as Attorney
FUSE GROUP: Incurs $6K Net Loss in Second Quarter

GRANITE ENVIRONMENTAL: Seeks to Hire Julianne Frank as Counsel
HERTZ CORP: DBRS Lowers LongTerm Issuer Rating to D, Off Review
IFS SECURITIES: Hires GlassRatner as Financial Advisor
INSIGHT TERMINAL: Objects to Autumn Wind's Disclosure Motion
IONIX TECHNOLOGY: Terminates Advisory Agreement with Maxim Group

JEFFREY GEORGE REYNOLDS: $2.4M Sale of Frisco Property Approved
JIMLYN ENTERPRISES: Plan & Disclosure Hearing Reset to June 18
JONAH ENERGY: S&P Cuts ICR to 'CCC-' on Borrowing Base Deficiency
JUSTICE FARMS: Hires Lefkovitz & Lefkovitz as Counsel
K' CAFE CORP: June 16 Plan Confirmation Hearing Set

LJF TRUCKING: Seeks to Hire Rudovlaw as Counsel
MANNINGTON MILLS: S&P Alters Outlook to Negative, Affirms 'BB-' ICR
MARKEL CORP: S&P Rates Fixed-Rate Reset Preferred Shares 'BB+'
MCIG INC: Changes Corporate Name to "Bots, Inc."
MICROVISION INC: Perry Mulligan Quits from Board of Directors

MOORE & MOORE: Seeks to Hire Steffes Firm as Counsel
NATES AUTO REPAIR: Gets Final Approval on Cash Collateral Use
NOMAD JV: S&P Withdraws 'B' ICRs on OptumHealth Acquisition
OCULAR THERAPEUTIX: Expects to Receive $45M from Stock Offering
OMNIQ CORP: Wins AI-Machine Vision Based Smart City Project

PACIFIC LUTHERAN UNIVERSITY, WA: S&P Cuts 2014 Bond Rating to 'BB'
PACIFIC PLEASANT: Hires Joseph M. Banker as Accountant
PALMDALE AEROSPACE ACADEMY, CA: S&P Affirms 'BB' Bond Ratings
PEM FAMILY: Plan of Reorganization Confirmed by Judge
PINNACLE REGIONAL: May Interimly Use Cash Collateral Until May 31

PINNACLE REGIONAL: Trustee's Auction of Property Partially Approved
PLEASANT POINT: Hires Joseph M. Banker as Accountant
PPD INC: S&P Rates New $700MM Senior Unsecured Notes 'B'
PREMIER PETROLEUM: Hires Joseph M. Banker as Accountant
PURE BIOSCIENCE: Inks Exclusive Distribution Partnership with PSSI

RAVN AIR: Sets Bidding Procedures for Substantially All Assets
REDROCK CAMPS: Gets Initial Order Under CCAA Restructuring
ROBERT MICHELENA: Trustee's Auction/Private Sale of Assets OK'd
ROCKY MOUNTAIN: Agrees to Settle with TWC for 17.5M Common Shares
SMI COMPANIES: Hires Weinstein & St. Germain as Attorney

SOUND INPATIENT: S&P Alters Outlook to Stable, Affirms 'B' ICR
SOUTHEASTERN METAL: Files Amended Liquidating Plan
STEEL CITY POPS: Bid to Vacate Authorized Sale of All Assets Denied
TELEFLEX INC: S&P Rates New Senior Unsecured Notes 'BB'
THREESQUARE LLC: $425K Sale of Martinsburg Property to 125 East OKd

TRAVEL LEADERS: S&P Cuts ICR to 'B-'; Ratings Remain on Watch Neg.
TUMBLEWEED TINY: Proposes a Sale of 4 Vehicles
TUPPERWARE BRANDS: Shareholders Elect 10 Directors
UNIT CORPORATION: Files for Chapter 11 With Pre-Negotiated Plan
UNIT CORPORATION: Unsecured Creditors to Get 100% Under Plan

US STEEL: S&P Alters Outlook to Stable, Affirms 'B-' ICR
VICTERRA ENERGY: Hires EnergyNet.com as Oil and Gas Auctioneer
VISITING NURSE: June 30 Auction of Assets Set
WAVE COMPUTING: Hires Affeld Grivakes as Conflict Counsel
WCA WASTE: S&P Alters Outlook to Negative, Affirms 'B+' ICR

WESTERN ALLIANCE: S&P Rates Subordinated Debt 'BB+'
WINDSTREAM HOLDINGS: UMB & U.S. Bank Say Plan Unconfirmable

                            *********

305 PETROLEUM: Hires Joseph M. Banker as Accountant
---------------------------------------------------
305 Petroleum, Inc., seeks authority from the U.S. Bankruptcy Court
for the Northern District of Mississippi to employ Joseph M.
Banker, as accountant to the Debtor.

305 Petroleum requires Joseph M. Banker to:

   a. assume primary responsibility for the filing of necessary
      tax returns;

   b. prepare financial statements in accordance with the tax
      basis of accounting and apply accounting and financial
      reporting expertise to assist the Debtor in the
      presentation of financial statements; and

   c. provide other general accountant services as the Debtor may
      require from time-to-time.

Joseph M. Banker will be paid based upon its normal and usual
hourly billing rates. The firm will also be reimbursed for
reasonable out-of-pocket expenses incurred.

Joseph M. Banker, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Joseph M. Banker can be reached at:

     Joseph M. Banker
     1906 Exeter Road, Suite 1
     Germantown, TN 38138-2900
     Tel: (901) 309-9495
     Fax: (901) 309-9446
     E-mail: joe@joebankercpa.com

                      About 305 Petroleum

305 Petroleum, Inc., based in Olive Branch, MS, filed a Chapter 11
petition (Bankr. N.D. Miss. Case No. 20-11593) on April 20, 2020.
In the petition signed by Nrupesh Patel, president, the Debtor was
estimated to have $1 million to $10 million in both assets and
liabilities.  The Debtor hired the LAW OFFICES OF CRAIG M. GENO,
PLLC, as bankruptcy counsel.


AIR CANADA: S&P Cuts ICR to 'BB-'; Rating Remains on Watch Negative
-------------------------------------------------------------------
S&P Global Ratings lowered most of its ratings on Air Canada by one
notch, including its issuer credit rating on the company to 'BB-'
from 'BB'.

S&P anticipates credit metrics to be much weaker than previously
expected, and there remains a high degree of uncertainty regarding
the speed at which earnings and cash flow will recover. The
downgrade primarily reflects S&P's expectation that Air Canada's
capacity will be down 50%-60% this year, which is directly related
to the impact of COVID-19 on air travel demand. S&P expects the
company to generate a free operating cash (FOCF) deficit of C$3.5
billion-C$4 billion and believes traffic is unlikely to recover to
2019 levels until at least 2023. As a result, the rating agency
expects adjusted FFO-to-debt to be negative in 2020, with
improvement in 2021 to 15%-20% that lags its previous expectations.
By comparison, when S&P published its last research update on March
20, 2020, the rating agency was expecting a FOCF deficit of C$2.0
billion–C$2.5 billion in 2020 with adjusted FFO-to-debt of about
10% in 2020 and about 30% in 2021.

Air Canada, along with the rest of the global airline industry, is
facing a sharp decline in demand for air travel stemming from
temporary restrictions on non-essential cross-border travel and
passenger fears of contracting the coronavirus. In response to the
unprecedented drop in demand, Air Canada has significantly reduced
capacity by suspending routes and reducing frequencies, resulting
in temporary workforce reductions. Other measures S&P expects Air
Canada to take to preserve cash include reducing project-related
costs and deferring capital expenditures, including some aircraft
deliveries. Since the airline is operating fewer flights, S&P sees
limited benefit from lower jet fuel prices driven by the collapse
in oil prices and demand for jet fuel.

"We expect the second quarter to see the lowest level of demand
this year, with Air Canada operating at 90% less seat capacity than
last year. We assume demand will recover gradually in the second
half of the year and in subsequent years, but it is unlikely to
reach 2019 levels for at least another three years," S&P said.

S&P expects demand for international and business travel to recover
more slowly than domestic travel. It believes Air Canada is
over-indexed to international and U.S. transborder travel, for
which the rating agency expects demand will take longer to recover
than domestic travel. During 2019, the company generated about 47%
of passenger revenue from international routes, 22% from U.S.
transborder routes, and 30% from domestic routes. In its view,
demand for international travel should take longer to recover than
domestic travel, because the perceived health risks of flying
internationally are higher than those of staying within Canada, and
cross-border travel restrictions remain in place in most countries.
S&P believes domestic air travel will likely recover first,
followed by U.S. transborder travel, while international travel
will take longer. The pace of recovery remains highly uncertain on
most routes and will depend on perceived health risks associated
with travel, along with consumer confidence more broadly.

"Air Canada is also over-indexed to higher yielding business
travel, which we believe will take longer to recover than leisure
travel. This reflects our view that many businesses will look to
reduce travel expenses amid the weaker economic environment we are
in and some might adapt so well to remote work that fewer work
trips are required," S&P said.

Environmental, social, and governance (ESG) factors relevant to the
rating action.

-- Health and safety factors: The downgrade primarily reflects
weaker credit measures from a meaningful reduction in air travel
demand as people take measures to reduce spread of COVID-19.

The CreditWatch negative placement reflects the high degree of
uncertainty about the timing of Air Canada's recovery from the
effects of the COVID-19 pandemic and how severe they will be for
the company.

As of now, S&P expects Air Canada's capacity to be down 50%-60%
this year and for the company to generate an FOCF deficit of C$3.5
billion-C$4 billion with traffic unlikely to recover to 2019 levels
until at least 2023.

"In our view, the magnitude of losses we expect the company to
incur over the next two quarters increases the likelihood that Air
Canada's liquidity and credit measures could be meaningfully worse
than in our base-case scenario. We expect to resolve the
CreditWatch within the next several months, at which point we
expect greater visibility regarding the effects of the outbreak on
Air Canada's financial position and timing of a recovery," S&P
said.


AKORN INC.: Hires Kurtzman as Claims and Noticing Agent
-------------------------------------------------------
Akorn, Inc., and its debtor-affiliates seek authority from the U.S.
Bankruptcy Court for the District of Delaware to employ Kurtzman
Carson Consultants LLC, as claims and noticing agent, to the
Debtors.

Akorn, Inc. requires Kurtzman to:

   a. prepare and serve required notices and documents in the
      bankruptcy case in accordance with the Bankruptcy Code and
      the Federal Rules of Bankruptcy Procedure in the form and
      manner directed by the Debtor and the Court, including (i)
      notice of the commencement of the case and the initial
      meeting of creditors under the Bankruptcy Code, (ii) notice
      of any claims bar date, (iii) notice of transfer of claims,
      (iv) notices of objections to claims and objections to
      transfers of claims, (v) notices of any hearings on a
      disclosure statement and confirmation of the Debtor's plan
      or plans of reorganization, including under Bankruptcy Rule
      3017(d), (vi) notice of the effective date of any plan and
      (vii) all other notices, orders, pleadings, publications
      and other documents as the Debtor or Court may deem
      necessary or appropriate for an orderly administration of
      the case;

   b. maintain an official copy of the Debtor's schedules of
      assets and liabilities and statement of financial affairs,
      listing the Debtor's known creditors and the amounts owed
      thereto;

   c. maintain (i) a list of all potential creditors, equity
      holders and other parties-in-interest and (ii) a core
      mailing list consisting of all parties described in
      sections 2002(i), (j) and (k) and those parties that have
      filed a notice of appearance pursuant to Bankruptcy Rule
      9010; updated said lists and make said lists available upon
      request by a party-in-interest or the Clerk;

   d. furnish a notice to all potential creditors of the last
      date for the filing of proofs of claim and a form for the
      filing of a proof of claim, after such notice and form are
      approved by the bankruptcy Court, and notify said potential
      creditors of the existence, amount and classification of
      their respective claims as set forth in the Schedules,
      which may be effected by inclusion of such information on a
      customized proof of claim form provided to potential
      creditors;

   e. maintain a post office box or address for the purpose of
      receiving claims and returned mail, and process all mail
      received;

   f. for all notices, motions, orders or other pleadings or
      documents served, prepare and file or caused to be filed
      with the Clerk an affidavit or certificate of service
      within seven (7) business days of service which includes
      (i) either a copy of the notice served or the docket number
      and title of the pleading served, (ii) a list of persons to
      whom it was mailed, in alphabetical order, with their
      addresses, (iii) the manner of service ,and (iv) the date
      served;

   g. process all proofs of claim received, including those
      received by the Clerk's Office, and check said processing
      for accuracy, and maintain the original proofs of claim in
      a secure area;

   h. maintain the official claims register for the Debtor on
      behalf of the Clerk; upon the Clerk's request, provide the
      Clerk with certified, duplicate unofficial Claims Register;
      and specify in the Claims Registers the following
      information for each claim docketed (i) the claim number
      assigned, (ii) the date received, (iii) the name and
      address of the claimant and agent, if applicable, who filed
      the claim, (iv) the amount asserted, (v) the asserted
      classifications of the claim, (vi) the applicable Debtor,
      and (vii) any disposition of the claim;

   i. provide public access to the Claims Register, including
      complete proofs of claim with attachments, if any, without
      charge;

   j. implement necessary security measures to ensure the
      completeness and integrity of the Claims Registers and the
      safekeeping of the original claims;

   k. record all transfers of claims and provide any notices of
      such transfers as required by Bankruptcy Rule 3001(e);

   l. relocate, by messenger or overnight delivery, all of the
      court-filed proofs of claim to the offices of Kurtzman, not
      less than weekly;

   m. upon completion of the docketing process for all claims
      received to date for each case, turn over to the Clerk
      copies of the claims register for the Clerk's review;

   n. monitor the Court's docket for all notices of appearance,
      address changes, and claims-related pleadings and orders
      filed and make necessary notations on and changes to the
      claims register;

   o. identify and correct any incomplete or incorrect addresses
      in any mailing or service lists;

   p. assist in the dissemination of information to the public
      and respond to requests for administrative information
      regarding the case as directed by the Debtor or the Court,
      including through the use of a case website and call
      center;

   q. if the case is converted to Chapter 7, contact the Clerk's
      Office within three (3) days of the notice to Kurtzman of
      entry of the order converting the case;

   r. thirty (30) days prior to the close of the bankruptcy case,
      request the Debtor submits to the Court a proposed Order
      dismissing Kurtzman and terminating the services of such
      agent upon completion of its duties and responsibilities
      and upon the closing of the bankruptcy case;

   s. within seven (7) days of notice to Kurtzman of entry of an
      order closing the Chapter 11 case, provide to the
      bankruptcy Court the final version of the claims register
      as of the date immediately before the close of the case;
      and

   t. at the close of these chapter 11 cases, (i) box and
      transport all original documents, in proper format, as
      provided by the Clerk's office, to (A) the Philadelphia
      Federal  Records  Center,  14700  Townsend  Road,
      Philadelphia, PA 19154-1096 or (B) any other location
      requested by the Clerk's office, and (ii) docket a
      completed SF-135 Form indicating the accession and location
      numbers of the archived claims.

Kurtzman Carson will be paid at these hourly rates:

     Securities Director/Solicitation Lead     $215
     Solicitation Consultant                   $205
     Consultant/Senior Consultant              $65-$210
     Technology Consultant                     $35-$95
     Analyst                                   $30-$50

Kurtzman will be paid a retainer in the amount of $50,000.

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

Robert Jordan, partner of Kurtzman Carson Consultants LLC, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Kurtzman can be reached at:

     Robert Jordan
     Kurtzman Carson Consultants LLC
     222 N. Pacific Coast Highway, 3rd Floor
     El Segundo, CA 90245
     Tel: (310) 823-9000
     Fax: (310) 823-9133

                       About Akorn, Inc.

Akorn, Inc., together with its Debtor and non-Debtor subsidiaries,
is a specialty pharmaceutical company that develops, manufactures,
and markets generic and branded prescription pharmaceuticals,
branded as well as private-label over-the-counter consumer health
products, and animal health pharmaceuticals. Akorn is headquartered
in Lake Forest, Illinois, and maintains a global manufacturing
presence, with pharmaceutical manufacturing facilities located in
Illinois, New Jersey, New York, Switzerland, and India. Visit
www.akorn.com for more information.

Akorn, Inc., based in Lake Forest, Illinois, filed a Chapter 11
petition (Bankr. D. Del. Lead Case No. 20-11177) on May 20, 2020.
In the petition signed by Joseph Bonaccorsi, authorized signatory,
the Debtor disclosed $1,032,275,000 in assets and $1,051,769,000 in
liabilities.

The Hon. John T. Dorsey oversees the case.

KIRKLAND & ELLIS LLP, KIRKLAND & ELLIS INTERNATIONAL LLP as
counsel; RICHARDS, LAYTON & FINGER, P.A. as local counsel;
ALIXPARTNERS, LLP as restructuring advisor; PJT PARTNERS LP as
investment banker; GRANT THORNTON LLP as tax advisor; KURTZMAN
CARSON CONSULTANTS LLC as claims and noticing agent.


AKORN INC: Sets Bidding Procedures for Substantially All Assets
---------------------------------------------------------------
Akorn, Inc. and affiliates ask the U.S. Bankruptcy Court for the
District of Delaware to authorize their bidding procedures in
connection with the sale of substantially all assets to an ad hoc
group of lenders for a credit bid valued at approximately $1.05
billion as of the expected closing of the sale transaction, subject
to overbid.

The Debtors, with the assistance of their advisors, conducted a
robust marketing process for a potential going-concern transaction
of the Debtors' business in the months leading up to commencement
of these chapter 11 cases.  As their nearly four-month marketing
process drew to a close in late March, a confluence of factors
adversely impacted interested parties' valuation levels, including
perceived operational risks associated with the Debtors' ongoing
FDA remediation efforts, perceived risks around obtaining approvals
for new products in their pipeline, and the impact of the COVID-19
pandemic on capital markets and the availability of financing.  
Ultimately, the Debtors did not receive any binding bids sufficient
to fully repay the term loan obligations.   

As a result, on March 28, 2020, an immediate event of default under
the term loan credit agreement occurred, and, consequently, the
Debtors and an ad hoc group of lenders under the term loan credit
agreement pivoted to a pre-negotiated set of alternative milestones
that contemplated a credit bid to serve as the "stalking horse" for
a further marketing process to be conducted inside the Debtors'
chapter 11 cases.  The Ad Hoc Group and their advisors swiftly
engaged with the Debtors' management, and conducted substantial due
diligence.  

After arms'-length negotiation, on May 20, 2020, the Debtors agreed
to an asset purchase agreement and restructuring support agreement
with the Ad Hoc Group that, among other things, provides for a
credit bid valued at approximately $1.05 billion as of the expected
closing of the sale transaction, which bid will serve as the
baseline bid as the Debtors further market-test the transaction in
chapter 11.  The Debtors are confident that interest from
prospective purchasers will continue during the postpetition
marketing process and generate a value-maximizing bid for the
Debtors’ assets or, if no higher or otherwise better bids
materialize, facilitate a sale to the Ad Hoc Group that will reduce
the Debtors’ go-forward leverage and otherwise position the
Debtors for future success.   

But time is of the essence.  Given the uncertainty in the
marketplace, the Debtors believe it is critical that the sale be
consummated on the expedited timeline set forth in order to
capitalize on the Ad Hoc Group’s bid and avoid the
value-destructive consequences of a protracted chapter 11 process.
Moreover, the sale timeline was specifically designed to balance
the twin goals of (a) running a robust postpetition marketing
process and (b) minimizing any potential business disruption.

by the Motion, the Debtors ask authority to capitalize on their
efforts, conduct a postpetition process to market test the
transaction contemplated by the Ad Hoc Group's bid, and consummate
the sale to the Ad Hoc Group or a successful topping bidder.  

The salient terms of the Stalking Horse Agreement are:

     a. Purchaser: An entity to be formed in advance of the hearing
on approval of the Bidding Procedures.

     b. Purchase Price: The aggregate consideration to be paid by
Purchaser for the purchase of the Acquired Assets will be: (i) the
assumption of Assumed Liabilities, (ii) the credit bid of all of
the Loan Agreement Indebtedness, and (iii) an amount in cash equal
to the amount set forth in the Wind-Down Budget.

     c. Acquired Assets: Substantially All Assets

     d. No good faith deposit is required.

     e. Tax Exemption: Any sales, use, purchase, transfer,
franchise, deed, fixed asset, stamp, value added, motor vehicle
registration, excise, documentary, stamp, or other similar Taxes
and all filing and recording charges (and any interest, penalties
and additions with respect to such Taxes and fees) payable by
reason of the consummation of the transactions contemplated by the
Agreement, will be borne by the Purchaser, regardless of the party
on whom liability is imposed under the provisions of the Laws
relating to such Transfer Taxes.

The proposed Bidding Procedures are designed to permit a fair,
efficient, competitive, and value-maximizing auction process for
the Debtors' assets, consistent with the timeline of these chapter
11 cases, to confirm that the Stalking Horse Bid is the best offer,
or promptly identify the alternative bid that is higher or
otherwise better.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Aug. 3, 2020 at 5:00 p.m. (ET)

     b. Initial Bid: Any Qualified Bidder's initial Overbid will be
made in increments of at least $5 million in cash, cash
equivalents, or such other consideration that the Debtors deem
equivalent

     c. Deposit: 10% of the aggregate purchase price of the Bid

     d. Auction: The Auction will take place at TBD (ET) on Aug.
10, 2020, at the offices of Kirkland & Ellis LLP, 601 Lexington
Avenue, New York, New York 10022, or such later date, time and
location as designated by the Debtors after providing notice to the
Notice Parties.  In the event that the Auction cannot be held at a
physical location, the Auction will be conducted via a virtual
meeting.

     e. Bid Increments: TBD

     f. Sale Hearing: Aug. 20, 2020

     g. Contract & Sale Objection Deadline: Aug. 15, 2020

     h. Any Qualified Bidder who has a valid and perfected lien on
any Acquired Assets of the Debtors' estates will have the right to
credit bid all or a portion of the value of such Secured Creditor's
claims.

Within five business days after entry of the Bidding Procedures
Order, or as soon as reasonably practicable thereafter, the Debtors
will cause the Sale Hearing Notice upon the Sale Hearing Notice
Parties.  In addition, within five business days after entry of the
Bidding Procedures Order, or as soon as reasonably practicable
thereafter, the Debtors will provide notice of the Sale Hearing
through the publication of the Sale Hearing Notice on the website
of the Debtors' proposed noticing and claims agent to be retained
in these chapter 11 cases, Kurtzman Carson Consultants LLC, at
www.kccllc.net/akorn.

The Debtors ask entry of the Assumption Procedures to facilitate
the fair and orderly assumption and assignment of the Assigned
Contracts in connection with the Sale.

The Debtors ask authority to convey the Acquired Assets to the
Stalking Horse Bidder or other Successful Bidder arising from the
Auction, if any, free and clear of all liens, claims, rights,
interests, charges, and encumbrances, with any such liens, claims,
rights, interests, charges, and encumbrances to attach to the
proceeds of the Sale.

To maximize the value received for the Acquired Assets, the Debtors
ask to close the Sale as soon as possible after the Sale Hearing.
Accordingly, the Debtors ask that the Court waives the 14-day stay
period under Bankruptcy Rules 6004(h) and 6006(d).

A copy of the Bidding Procedures and APA is available at
https://tinyurl.com/yd3ynfsd from PacerMonitor.com free of charge.

                        About Akorn, Inc.

Akorn, Inc., together with its Debtor and non-Debtor subsidiaries,
is a specialty pharmaceutical company that develops, manufactures,
and markets generic and branded prescription pharmaceuticals,
branded as well as private-label over-the-counter consumer health
products, and animal health pharmaceuticals.  Akorn is
headquartered in Lake Forest, Illinois, and maintains a global
manufacturing presence, with pharmaceutical manufacturing
facilities located in Illinois, New Jersey, New York, Switzerland,
and India.  Visit www.akorn.com for more information.

Akorn, Inc. sought Chapter 11 protection, as the Lead Debtor,
together with its 16 affiliates: (i) 10 Edison Street LLC (Bankr.
D. Del. Case No. 20-11178); (ii) 13 Edison Street LLC (Bankr. D.
Del. Case No. 20-11180); (iii) Advanced Vision Research, Inc.
(Bankr. D. Del. Case No. 20-11182); (iv) Akorn (New Jersey), Inc.
(Bankr. D. Del. Case No. 20-11183); (v) Akorn Animal Health, Inc.
(Bankr. D. Del. Case No. 20-11185); (vi) Akorn Ophthalmics, Inc.
(Bankr. D. Del. Case No. 20-11186); (vii) Akorn Sales, Inc.(Bankr.
D. Del. Case No. 20-11174); (viii) Clover Pharmaceuticals Corp.
(Bankr. D. Del. Case No. 20-11187); (ix) Covenant Pharma, Inc.
(Bankr. D. Del. Case No. 20-11188); (x) Hi-Tech Pharmacal Co., Inc.
(Bankr. D. Del. Case No. 20-11189); (xi) Inspire Pharmaceuticals,
Inc. ((Bankr. D. Del. Case No. 20-11190); (xii) Oak
Pharmaceuticals, Inc. (Bankr. D. Del. Case No. 20-11192); (xiii)
Olta Pharmaceuticals Corp. ((Bankr. D. Del. Case No. 20-11191);
(xiv) VersaPharm Incorporated (Bankr. D. Del. Case No. 20-11194);
(xv) VPI Holdings Corp. (Bankr. D. Del. Case No. 20-11193); and
(xvi) VPI Holdings Sub, LLC (Bankr. D. Del. Case No. 20-11195), on
May 20, 2020.  The cases asre assigned to Judge John T. Dorsey.

The Debtors tapped Patrick J. Nash, Jr., P.C., Gregory F. Pesce,
Esq., Christopher M. Hayes, Esq., Nicole L. Greenblatt, P.C., at
Kirkland & Ellis LLP and Kirkland & Ellis International LLP as
their General Bankruptcy Counsel.

They tapped Paul N. Heath, Esq., Amanda R. Steele, Esq., Zachary I.
Shapiro, and Esq., Brett M. Haywood, Esq., at Ricahrds, Layton &
Finger, P.A. as their General Bankruptcy Counsel.

AlixPartners, LLP serves as the Debtors' Restructuring Advisor, PJT
Partners LP as their Financial Advisor and Investment Banker, Grant
Thornton LP as their Tax Advisor, and Kurtzman Carson Consultants,
LLC as their Notice and Claims Agent.

As of March 31, 2020, the Debtors' total assets is $1,032,275,000,
and $1,051,769,000 in total debt.

The petitions were signed by Joseph Bonaccorsi, authorized
signatory.



ANICHINI INC: Seeks to Hire Dribusch Law as Consultant
------------------------------------------------------
Anichini, Inc., seeks authority from the U.S. Bankruptcy Court for
the District of Vermont to employ Dribusch Law Firm, as consultant
to the Debtor.

Anichini, Inc. requires Dribusch Law to assist the Debtor as an
expert with respect to plan confirmation matters, including
performing a liquidation analysis.

Dribusch Law will be paid at the hourly rate of $350.

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

Christian Dribusch, a partner of Dribusch Law Firm, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Dribusch Law can be reached at:

     Christian Dribusch
     DRIBUSCH LAW FIRM
     1001 Glaz Street
     East Greenbush, NY 12061
     Tel: (518) 227-0026
     E-mail: cdribusch@chdlaw.net

                      About Anichini Inc.

Anichini, Inc. -- https://anichini.com/ -- is an American luxury
textiles company based in Tunbridge, Vermont.  The company is a
manufacturer and importer of luxury linens and textiles and
produces hand made products.

Anichini sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Vt. Case No. 20-10090), on March 12, 2020.  The petition
was signed by Susan Dollenmaier, its sole shareholder.  As of the
time of filing, the Debtor had estimated assets of $500,000 to $1
million and estimated liabilities of $1 million to $10 million.

Hon. Colleen A. Brown oversees the case.

The Debtor tapped Drummond Woodsum as its counsel.


AQUARIUS BUILDING: Gets Interim Approval to Hire Hoffman as Counsel
-------------------------------------------------------------------
Aquarius Building, Inc. received interim approval from the U.S.
Bankruptcy Court for the Southern District of Florida to employ
Hoffman, Larin & Agnetti, P.A. as bankruptcy counsel and as
litigation counsel.

As bankruptcy counsel, Hoffman will provide these services in
connection with Debtor's Chapter 11 case:

     (a) advise Debtor with respect to its duty under the
Bankruptcy Code;

     (b) advise Debtor with respect to its responsibilities in
complying with the U.S. Trustee's Operating Guidelines and
Reporting Requirements and with the rules of the court;

     (c) prepare legal papers;

     (d) protect the interest of Debtor in all matters pending
before the court;

     (e) represent Debtor in negotiations with creditors; and

     (f) propose and seek confirmation of a plan of
reorganization.

As litigation counsel, the firm will represent Debtor in a case
styled Aquarius Building, Inc., et al. v. Wellington, et al. (Case
No. CACE-20-003733) pending in Broward County Circuit Court.

The hourly rates charged by Hoffman for bankruptcy-related services
range from $100 to $400.  Meanwhile, the firm will receive 40
percent of Debtor's net recovery for the Wellington case.

Hoffman received a $15,000 retainer from Debtor.

Michael Hoffman, Esq., a partner at Hoffman, disclosed in court
filings that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Michael S. Hoffman, Esq.
     Hoffman, Larin & Agnetti, P.A.
     909 North Miami Beach Blvd., Suite 201
     North Miami Beach, FL 33162
     Telephone: (305) 653-5555
     Facsimile: (305) 940-0090
     Email: mshoffman@hlalaw.com

                      About Aquarius Building

Aquarius Building, Inc., a swimming pool contractor based in
Hialeah, Fla., sought Chapter 11 protection (Bankr. S.D. Fla. Case
No. 20-15108) on May 7, 2020, listing under $1 million in both
assets and liabilities.  Judge Robert A. Mark oversees the case.
Debtor is represented by Hoffman, Larin & Agnetti, P.A.


ARCH RESOURCES: S&P Downgrades ICR to 'B+' on Waning Coal Demand
----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
metallurgical (met) and thermal coal producer Arch Resources Inc.
to 'B+' from 'BB-'. S&P also lowered the issue-level ratings on
Arch's senior secured debt to 'BB-' from 'BB', and assigned a 'BB-'
issue-level rating to its proposed $53.09 million tax-exempt bond
due 2045 which will be issued by West Virginia Economic Development
Authority.

Lower prices and volumes will weaken Arch's credit metrics, but the
pace of improvements in 2021 remains uncertain.

S&P expects coal markets to remain challenged in 2020 due to weak
met coal prices and lower expected thermal volumes as a result of a
global recession, historically low natural gas prices, increased
renewable energy generation, and warmer winter weather. S&P now
anticipates that EBITDA will decline 50%-55% in 2020 with average
met prices more than 16%-18% below 2019 levels, and thermal coal
tons sold down to 70 million-75 million from 90 million tons in
2019. S&P's forecast incorporates a recovery in 2021 with thermal
coal tons sold increasing close to 2019 levels but there is
uncertainty around the timing and pace of the improvement,
especially with the regards to a recovery in met coal prices. As a
result, S&P expects debt leverage to increase with debt to EBITDA
of 5.0x-5.x in 2020 falling slightly below 4x in 2021.

Amid the weaker coal environment, Arch is undergoing a
transformation.

Last June, Arch and Peabody Energy Corp. announced plans for a
joint venture that would combine their Powder River Basin (PRB) and
Colorado assets. If the effort is successful, Arch's directly
managed thermal exposure would be limited to the Viper mine in the
Illinois basin, reducing internal annual thermal production to less
than 2 million tons from about 60 million to 65 million tons
expected in 2020. The PRB thermal coal assets continue to account
for about 30% of total EBITDA, and the joint venture would unlock
some additional synergies; however, S&P also anticipates some
production rationalization as part of broader consolidations in
thermal coal. The company is also in the process of a growth
project with its Leer South mine development. With a projected cost
of $375 million, the company will spend a majority of the capital
in 2020 and 2021. S&P anticipates about $291 million of total
capital spending in 2020 and therefore expect negative free cash
flow generation of about $60 million to $70 million compared to
about $150 million in 2019. Although S&P expects the company to
maintain adequate liquidity to meet its near-term financial and
operational needs over the next 12 months, liquidity could become
constrained if there are cost overruns with its Leer South
expansion, weaker conditions persist longer than the rating agency
expects, and Arch is unable to refinance its accounts receivable
(AR) securitization facility due August 2021.

"The negative outlook reflects our expectations that debt leverage
will peak in the 5.0x-5.5x range in 2020, before improving in 2021;
however, if current conditions intensify or persist longer than
expected, debt leverage could exceed these levels and liquidity
could become constrained given the company's high capital spending
over the next two years," S&P said.

"We could lower the rating over the next 12 months if the global
recession and currently weak coal markets persist for longer than
expected resulting in large curtailments or cancellation of orders.
We could also lower the ratings if Arch borrows more capital to
bolster its liquidity position or finance its Leer South expansion,
particularly in the event of material cost overruns or delays," the
rating agency said.

Such a case would be consistent with:

-- Adjusted debt leverage sustained above 5x; or
-- Funds from operations (FFO)/debt below 12%; and
-- Negative discretionary cash flow (DCF; operating cash flow less
capital spending and dividends).

S&P could revise its outlook to stable over the next 12 months if
there is a recovery in coal demand leading to higher met coal
prices, with stable volumes.

In this scenario, S&P would expect:

-- Adjusted debt leverage sustained in the 3x-4x range

-- Adequate liquidity, including enough to complete the Leer South
mine development project.


ASTROTECH CORP: Regains Compliance with Nasdaq Listing Rule
-----------------------------------------------------------
Astrotech Corporation received on May 21, 2020, written notice from
the Listing Qualifications Staff of Nasdaq indicating that the
Company has regained compliance with the minimum stockholders'
equity requirement as of March 31, 2020 as set forth in Nasdaq
Capital Markets Listing Rule 5550(b)(1) and that Nasdaq considers
the matter closed.

As previously reported, on Feb. 18, 2020, the Company received a
notice from the Listing Qualifications Department of the Nasdaq
Stock Market LLC stating that the Company was not in compliance
with the required stockholder's equity of $2.5 million.

                         About Astrotech

Astrotech Corporation (NASDAQ: ASTC) --
http://www.astrotechcorp.com/-- is a science and technology
development and commercialization company that launches, manages,
and builds scalable companies based on innovative technology in
order to maximize shareholder value.  The Company currently
operates two reportable business units, 1st Detect Corporation and
Astral Images Corporation, and their efforts are focused on the
following: 1st Detect is a manufacturer of explosives and narcotics
trace detectors developed for use at airports, secured facilities,
and borders worldwide; and Astral is a developer of advanced film
restoration and enhancement software.

Astrotech reported a net loss of $7.53 million for the year ended
June 30, 2019, compared to a net loss of $13.25 million for the
year ended June 30, 2018.  As of March 31, 2020, the Company had
$7.51 million in total assets, $4.86 million in total liabilities,
and $2.65 million in total stockholders' equity.

Armanino LLP, in San Francisco, California, the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated Sept. 30, 2019, citing that the Company has suffered
recurring losses from operations and has net cash flows
deficiencies that raise substantial doubt about its ability to
continue as a going concern.


AUTHENTIC HOSPITALITY: Allowed to Use Cash Collateral Until May 30
------------------------------------------------------------------
Judge Scott Grossman of the US Bankruptcy Court for the Southern
District of Florida authorized Authentic Hospitality Group Inc. to
use the cash collateral until May 30, 2020, with adequate
protection payments for Quik Capital, LLC in the amount of $500 per
month.

The Cash Collateral Motion is continued for a telephonic hearing on
May 27 at 1:30 p.m.

              About Authentic Hospitality Group

Authentic Hospitality Group Inc. --
https://ilovetacosrestaurant.com/ -- is a privately held company in
the restaurant industry.  It serves authentic Mexican cuisine in
all of South Florida.  Debtor previously sought bankruptcy
protection on Dec. 2, 2019 (Bankr. S.D. Fla. Case No. 19-26119).

Authentic Hospitality Group filed its voluntary petition under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
20-12883) on March 2, 2020.  The petition was signed by Monica
Angulo, president.  At the time of the filing, the Debtor disclosed
$2,875,207 in assets and $3,270,967 in liabilities.  Judge Scott M.
Grossman oversees the case.  Van Horn Law Group Inc. is the
Debtor's legal counsel.




BIONIK LABORATORIES: Cancels Distribution Deal with China Bionik
----------------------------------------------------------------
Bionik Laboratories Corp. terminated, effective immediately, its
Distribution Agreement dated May 17, 2017 with China Bionik Medical
Rehabilitation Technology Ltd., and the related License Agreement
dated May 17, 2017 with the Distributor.  The Distribution
Agreement and the License Agreement were originally entered into as
part of the Company's cooperative joint venture in China evidenced
by that Co-operative Joint Venture Contract dated May 17, 2017, as
amended, made between the Company and Ginger Capital Investment
Holding, Ltd.  As a result of the termination of the Distribution
Agreement and the License Agreement, the Company further gave
notice to Ginger Capital that it was terminating the CJV Contract
in accordance with its terms.

The China JV was originally established for the purposes of
strengthening the economic cooperation and technical exchange
between the parties and adopting advanced technology and scientific
management methods through the distribution and promotion of the
Company's products in the People's Republic of China, Hong Kong and
Macau.  In consideration of granting rights to the China JV to
market and sell the Company's products in the Territory, the China
JV was originally tasked with the responsibility of obtaining
approval from the PRC Food and Drug Administration and such other
approvals in order for such marketing and sale in the Territory to
be conducted.  The China JV was to be co-managed by the parties and
each party was represented at the board level by directors
appointed by them. The terms of the CJV Contract also provided that
any profit distribution will be 75% in favor of Ginger Capital and
25% in favor of the Company.

The Company terminated the JV Agreements as a result of, among
other reasons, the China JV failing to meet the milestones and
informational requirements set forth in the Distribution
Agreement.

                 About BIONIK Laboratories Corp.

Headquartered in Toronto, Ontario Canada, BIONIK Laboratories --
http://www.BIONIKlabs.com-- is a robotics company focused on
providing rehabilitation and mobility solutions to individuals with
neurological and mobility challenges from hospital to home. The
Company has a portfolio of products focused on upper and lower
extremity rehabilitation for stroke and other mobility-impaired
patients, including three products on the market and three products
in varying stages of development.

BIONIK reported a net loss and comprehensive loss of US$10.55
million for the year ended March 31, 2019, compared to a net loss
and comprehensive loss of US$14.62 million for the year ended March
31, 2018.  As at Dec. 31, 2019, the Company had $32.11 million in
total assets, $2.66 million in total current liabilities, and
$29.45 million in total shareholders' equity.

MNP LLP, in Toronto, Ontario, the Company's auditor since 2015,
issued a "going concern" qualification in its report dated June 25,
2019, citing that the Company's accumulated deficit, recurring
losses and negative cash flows from operations raise substantial
doubt about its ability to continue as a going concern.


BIOPHARMX CORP: Closes Merger with Timber Pharmaceuticals
---------------------------------------------------------
BioPharmX Corporation, now known as Timber Pharmaceuticals, Inc.,
reports that its merger with Timber Pharmaceuticals LLC closed May
18, 2020.  The combined company will operate under the name Timber
Pharmaceuticals, Inc., and its shares will commence trading on the
NYSE American market at the open of trading on May 19, 2020, under
the ticker symbol "TMBR".

Pursuant to the closing of the merger, all of Timber LLC's
outstanding units were converted into the Company's common stock.
As a result of the merger, approximately 11,867,923 shares of the
Company were outstanding as of May 18, 2020, after taking into
account the previously announced 1-for-12 reverse stock split that
became effective at the close of trading on May 18, 2020. Timber
LLC will operate as a wholly-owned subsidiary of the Company.

Immediately prior to the merger, Timber LLC completed a private
placement financing resulting in gross proceeds of $25 million
under the terms of the securities purchase agreement previously
announced in March 2020.

John Koconis, chief executive officer of Timber, commented, "We are
excited to have completed this merger and welcome the BioPharmX
shareholders to Timber.  With the completion of the $25 million
financing that is expected to fund our two late stage product
candidates through multiple key clinical development milestones, we
believe Timber is well positioned for its transition into a public
company.  Timber's business model which is focused on orphan
dermatologic indications is currently conducting two Phase 2B
clinical trials on two of our product candidates and we look
forward to realizing the value of our pipeline to the benefit of
all of Timber's stakeholders."

                        About BioPharmX

Headquartered in San Jose, California, BioPharmX is a specialty
pharmaceutical company focused on developing prescription products
utilizing its proprietary HyantX Topical Delivery System for
dermatology indications.

BioPharmX recorded a net loss and comprehensive loss of $9.69
million for the year ended Jan. 31, 2020, compared to a net loss
and comprehensive loss of $17.26 million for the year ended Jan.
31, 2019.  As of Jan. 31, 2020, the Company had $2.13 million in
total assets, $2.47 million in total liabilities, and a total
stockholders' deficit of $339,000.

BPM LLP, in San Jose, California, the Company's auditor since 2014,
issued a "going concern" qualification in its report dated March
23, 2020 citing that the Company's recurring losses from
operations, available cash and accumulated deficit raise
substantial doubt about its ability to continue as a going concern.


CADIZ INC: Expands Management Team to Support Expanding Operations
------------------------------------------------------------------
Cadiz Inc. has expanded its management team, adding a director of
development role to support the active development of the Company's
Cadiz Valley properties for agriculture and complementary water
projects.  The Company's current CFO Timothy Shaheen will
immediately assume this new position.  Mr. Stan Speer, who has been
a financial consultant to the Company for five years, will take
over as chief financial officer.

Over the last 12 months, the Company has made significant
investments in its land and water assets, including the expansion
of its sustainable agriculture, water infrastructure and irrigation
capacity to support a variety of uses.  Mr. Shaheen has been
instrumental in this effort, building on decades of prior
experience in agriculture, including as CEO of Sun World
International, which during his tenure from 1996 to 2005 owned and
operated 20,000 acres of various growing, packing and shipping
operations throughout California.  As the new Director of
Development, Shaheen will provide focused leadership and oversight
as the Company executes on its plans to continue its successful
expansion of agricultural operations and water infrastructure at
the Cadiz Ranch.

In the CFO position, Mr. Speer will assume the Company's financial
management and reporting responsibilities and maintain oversight of
operational budgets.  Speer brings decades of financial management
experience to this position, including previous tenure as Cadiz CFO
from 1997-2003, and roles as a managing director with global
professional services firm Alvarez & Marsal, and as a partner with
Coopers & Lybrand (now PricewaterhouseCoopers), where he spent 14
years specializing in business reorganizations.

Scott Slater, Cadiz's president & CEO, commented: "The enthusiasm
around our agricultural prospects and the supporting water
infrastructure has led to exciting growth that requires the focus
of a leader like Tim to ensure the continued success of these
developments.  Tim's deep experience with the Company and our land
holdings will serve him well in this exciting new role.  We also
welcome Stan, who has a wealth of financial management experience
and personal knowledge of the Company, to round out the team as
CFO."

                          About Cadiz

Founded in 1983 and headquartered in Los Angeles, California, Cadiz
Inc. -- http://www.cadizinc.com/-- is a natural resources
development company dedicated to creating sustainable water and
agricultural opportunities in California.  The Company owns 70
square miles of property with significant water resources in
Southern California and is the largest agricultural operation in
San Bernardino, California, where it has sustainably farmed since
the 1980s.

Cadiz reported a net loss and comprehensive loss of $29.53 million
for the year ended Dec. 31, 2019, compared to a net loss and
comprehensive loss of $26.27 million for the year ended Dec. 31,
2018.  As of March 31, 2020, the Company had $74.07 million in
total assets, $93.76 million in total liabilities, and a total
stockholders' deficit of $19.68 million.

Cadiz said in its Annual Report for the period ended Dec. 31, 2019,
that limitations on the Company's liquidity and ability to raise
capital may adversely affect it. "Sufficient liquidity is critical
to meet the Company's resource development activities. Although the
Company currently expects its sources of capital to be sufficient
to meet its near-term liquidity needs, there can be no assurance
that its liquidity requirements will continue to be satisfied.  If
the Company cannot raise needed funds, it might be forced to make
substantial reductions in its operating expenses, which could
adversely affect its ability to implement its current business plan
and ultimately impact its viability as a company."


CAMBRIAN HOLDING: Sale of Equipment to Clintwood JOD Approved
-------------------------------------------------------------
Judge Gregory R. Schaa of the U.S. Bankruptcy Court for the Eastern
District of Kentucky authorized Cambrian Holding Co., Inc. and its
affiliates to sell the equipment set forth on Schedule A to
Clintwood JOD, LLC.

The sale is free and clear of all Liens, other than the New Komatsu
Financial PMSI.

In full satisfaction of the Komatsu Financial Secured Claims and as
an express condition to the occurrence of the Closing of the Sale,
Komatsu Financial will receive on the Closing Date from the Buyer
the Buyer/Komatsu Payment (comprised of both the Buyer/Komatsu Cash
Payment and the Buyer/Komatsu Loan Payment), which will be free and
clear of any claim, interest, lien, offset or challenge of any kind
by the Debtors or their estates, any of their creditors, and/or any
other parties.  Upon receipt of the Buyer/Komatsu Cash Payment and
the full execution of the loan agreement (in form and substance
acceptable to Komatsu Financial) by the Buyer with Komatsu
Financial that evidences the Buyer/Komatsu Loan Payment portion of
the Buyer/Komatsu Payment and any related documents required for
the effectiveness of such loan from Komatsu Financial to Buyer, the
Komatsu Financial Secured Claims owed by the Debtors to Komatsu
Financial will be deemed to have Debtors fully satisfied.  Upon the
execution of the loan agreement by the Buyer with Komatsu Financial
that evidences the Buyer/Komatsu Loan Payment portion of the
payments, Komatsu Financial will hold a first priority, purchase
money security interest in and to the Equipment (as owned by the
Buyer) free and clear of any claim, interest, lien, offset or
challenge of any kind by the Debtors or their estates, any of their
creditors, and/or any other parties.  

To the extent Komatsu Financial’s claims against the Debtors (or
any of them) exceed $850,000, including, without limitation, such
excess amount arising as a result of the loss, damage, destruction,
sale or transfer (other than the sale as set forth), or lteration,
of the Collateral or any portion and/or parts thereof, Komatsu
Financial will be entitled to amend the proofs of claim Komatsu
Financial filed against the Debtors to state a general unsecured
claim for such excess amount, which claims will be filed within 60
days of the date of the entry of the Order.  In the event that the
Closing does not occur, Komatsu may exercise any remedies it has,
including, but not limited to, filing and pursuing such additional
claims against the Debtors and any other party liable to Komatsu
Financial for any loss, damage, destruction, sale, transfer or
alteration of the Collateral or any portion and/or parts thereof.

The rights of the parties with respect to (a) the amount credit bid
on account of the DIP Facility and/or the Disputed Richmond Hill
Lien, and (b) whether the Committee is entitled to recover up to
$500,000 in cash on account of the Credit Bid, are preserved for
the Adversary Proceedings.

As of the Closing Date, Komatsu Financial will be granted and
possess the New Komatsu Financial PMSI in the Equipment and may
file (either prior to or after the Sale) such UCC-1 Financial
Statement or Statements related to that security interest as it
deems appropriate.   

Except with regard to the satisfaction of the Komatsu Financial
Secured Claims and the irrevocable and indefeasible payment of the
Buyer/Komatsu Payment to Komatsu, all rights of the respective
Debtors’ estates with respect to the allocation of consideration
received by the Debtor from the Buyer in connection with the sale
of the Equipment are expressly reserved for later determination by
the Bankruptcy Court and, to the extent consideration is received
by any Debtor that is determined to be allocable to another Debtor,
the recipient Debtor will be liable to such other Debtor for a
claim with the status of an expense of administration in the case
of the recipient Debtor.

Notwithstanding Bankruptcy Rules 6004, the Order will be effective
and enforceable immediately upon entry and its provisions will be
self-executing.  Time is of the essence in closing on the Sale, and
the Debtors and the Buyer intend to close the such sale as soon as
practicable.  Any party objecting to the Order must exercise due
diligence in filing an appeal, pursuing a stay and obtaining a stay
prior to the Closing or risk its appeal being foreclosed as moot.

A copy of the Schedule A is available at
https://tinyurl.com/y9633urz from PacerMonitor.com free of charge.

                      About Cambrian Holding

Belcher, Kentucky-based Cambrian Holding Company, Inc. and its
subsidiaries produce and process metallurgical coal and thermal
coal for use by utility providers and industrial companies located
primarily in the eastern United States and Canada.  The company
began operations in 1991 and, over time, acquired various mines and
mining-related assets from major coal corporations.

Cambrian Holding Company and 18 of its affiliates each filed a
petition seeking relief under Chapter 11 of the Bankruptcy Code
(Bankr. E.D. Ky. Lead Case No. 19-51200) on June 16, 2019.  At the
time of the filing, Cambrian Holding Company had estimated assets
and liabilities of less than $50,000.  Judge Gregory R. Schaaf
oversees the cases.

The Debtors tapped Frost Brown Todd, LLC as bankruptcy counsel;
Whiteford, Taylor & Preston, LLP as litigation counsel; Jefferies,
LLC as investment banker; and FTI Consulting, Inc. as financial
advisor.  Epiq Corporate Restructuring, LLC is the notice, claims
and solicitation agent.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on June 26, 2019. The committee tapped Foley &
Lardner, LLP as legal counsel; Barber Law PLLC as local counsel;
and B. Riley FBR, Inc. as financial advisor.


CAMPBELL & SON: May 29 Plan Confirmation Hearing Set
----------------------------------------------------
On May 1, 2020, the U.S. Bankruptcy Court for the District of
Montana held a hearing on final approval of the Disclosure
Statement for Plan of Liquidation of Debtor Campbell & Son, LLC.
Judge Benjamin P. Hursh approved the Disclosure Statement and
established the following dates and deadlines:

   * May 8, 2020, is fixed as the last day for the counsel for the
Debtor to transmit a copy of the Disclosure Statement Order,
Debtor's Disclosure Statement, Debtor’s Plan of Liquidation and a
ballot conforming substantially to the appropriate official form.

   * May 29, 2020, at 09:00 a.m. in the Chief Mountain Courtroom,
3rd Floor, Missouri River Courthouse, 125 Central Avenue West,
Great Falls, Montana is the hearing on confirmation of Debtor's
Plan of Liquidation.

   * May 22, 2020, is fixed as the last day for filing and serving
written objections to confirmation of the Debtor's Plan, and for
filing written acceptances or rejections of said Plan.

A copy of the order dated May 1, 2020, is available at
https://tinyurl.com/yc68o2cw from PacerMonitor at no charge.

                       About Campbell & Son

Based in Conrad, Montana, Campbell & Son, LLC, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Mont. Case No.
19-61222) on Dec. 11, 2019, listing under $1 million in both assets
and liabilities. Gary S. Deschenes, Esq., at Deschenes &
Associates, is the Debtor's legal counsel.


CARBO CERAMICS: Judge Denies Bid to Appoint Equity Committee
------------------------------------------------------------
Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern
District of Texas denied the motion filed by an equity holder of
Carbo Ceramics Inc. to appoint a committee that will represent
equity holders in the company's Chapter 11 case.

The bankruptcy judge denied the motion at the hearing held on May
25, according to court dockets.

Chris Kappos III, the equity holder who filed the motion,
criticized the company for proposing a plan that would eliminate
interests of equity holders in their entirety.  

In response, Carbo Ceramics and its lenders, Wilks Brothers, LLC
and Equify Financial, LLC, argued the equity holders were not able
to prove that there is a substantial likelihood they will receive a
meaningful distribution under a strict application of the absolute
priority rule.

                       About CARBO Ceramics

CARBO Ceramics Inc. -- https://carboceramics.com/ -- is a global
technology company providing products and services to the oil and
gas, industrial, and environmental markets.  CARBO offers oilfield
ceramic technology products, base ceramic proppant, and frac sand
proppant for use in the hydraulic fracturing of oil and natural gas
wells.

Asset Guard Products Inc., a subsidiary of CARBO, offers products
intended to protect operators' assets, minimize environmental
risks, and lower lease operating expenses through spill prevention,
containment, and countermeasure systems for the oil and gas
industry.  

StrataGen, Inc., another subsidiary, offers fracture consulting and
data services and provides a suite of stimulation software
solutions used for designing fracture treatments and for on-site
real-time analysis to assist E&P companies in the efficient
completion of wells and enhancement of oil and natural gas
production.

CARBO Ceramics Inc. and its subsidiaries sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No.
20-31973) on March 29, 2020.  At the time of the filing, the
Debtors were estimated to have assets of between $100 million and
$500 million and liabilities of the same range.

Judge Marvin Isgur oversees the cases.  

Debtors tapped Vinson & Elkins LLP as bankruptcy counsel; Okin
Adams LLP as special counsel; Perella Weinberg Partners L.P. and
Tudor Pickering, Holt & Co. as investment banker; FTI Consulting,
Inc. as financial advisor; Ernst & Young LLP, KPMG LLP, and Weaver
and Tidwell L.L.P. as accountants and tax advisors.  Prime Clerk,
the claims agent, maintains this website
https://dm.epiq11.com/case/crc/info


CARVANA CO: Proposes to Sell 5 Million Class A Shares
-----------------------------------------------------
Carvana Co. has commenced a public offering of its Class A common
stock.  Carvana is proposing to sell 5,000,000 shares of Class A
common stock.  The underwriters will offer the shares from time to
time for sale in negotiated transactions or otherwise, at market
prices prevailing at the time of sale, at prices related to such
prevailing market prices or at negotiated prices.  The last
reported sales price of Carvana's Class A common stock on May 18,
2020 was $98.59 per share.

Citigroup and Wells Fargo Securities will act as book-running
managers for the proposed offering.

Carvana intends to use the net proceeds from the public offering of
Class A common stock for general corporate purposes.  Carvana may
use a portion of the net proceeds from the offering to partially
repay borrowings under its floor plan facility until it identifies
other specific uses.

The offering of Class A common stock will be made only by means of
an effective registration statement (including a prospectus) and a
preliminary prospectus supplement.  A copy of the prospectus and
the preliminary prospectus relating to these securities may be
obtained from Citigroup, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146) or from
Wells Fargo Securities, Attention: Equity Syndicate Department, 500
West 33rd Street, New York, New York, 10001, at (800) 326-5897 or
email a request to cmclientsupport@wellsfargo.com.

An automatic shelf registration statement relating to the Class A
common stock has been filed with the U.S. Securities and Exchange
Commission and is effective and a preliminary prospectus supplement
will be filed.

                         About Carvana

Founded in 2012 and based in Tempe, Arizona, Carvana Co. --
http://www.carvana.com/-- is a holding company that was formed as
a Delaware corporation on Nov. 29, 2016.  Carvana is an e-commerce
platform for buying and selling used cars.  The Company owns and
operates Carvana.com, which enables consumers to quickly and easily
shop vehicles, finance, trade-in or sell their current vehicle to
Carvana, sign contracts, and schedule as-soon-as-next-day delivery
or pickup at one of Carvana's patented, automated Car Vending
Machines.

Carvana reported a net loss of $364.6 million in 2019, a net loss
of $254.74 million in 2018, and a net loss of $164.32 million in
2017.  As of March 31, 2020, the Company had $2.24 billion in total
assets, $2.22 billion in total liabilities, and $13.22 million in
total stockholders' equity.

                           *   *   *

As reported by the TCR on May 24, 2019, S&P Global Ratings affirmed
its 'CCC+' issuer credit rating on Carvana Co. to reflect the
company's improved liquidity after it raised $480 million by
issuing about $230 million of common stock and a $250 million
add-on to its existing senior unsecured notes due 2023.


CINEMEX USA: Gets Interim OK to Hire Province as Financial Advisor
------------------------------------------------------------------
Cinemex USA Real Estate Holdings, Inc. and its affiliates received
interim approval from the U.S. Bankruptcy Court for the Southern
District of Florida to employ Province, Inc. as their financial
advisor effective May 5.

Province will provide these services to Debtors:

     (a) assist Debtors in evaluating their liquidity and in the
preparation of 13-week cash flow forecasts;

     (b) assist in the formulation, evaluation and implementation
of various options for restructuring;

     (c) assist in any financing or debtor-in-possession financing
process;

     (d) assist Debtors in negotiations with lenders, landlords,
creditors, shareholders and other parties;

     (e) meet with and prepare presentations for lenders, creditors
and other parties;

     (f) provide financial advisory services in connection with
formulating and seeking approval for a restructuring plan;

     (g) provide contingency planning, advice and assistance to
Debtors' management through the restructuring process;

     (h) assist Debtors in meeting reporting requirements;

     (i) assist in the sale of Debtors' assets; and

     (j) attend court hearings.

The terms of compensation agreement are as follows:

     (1) Debtors will pay Province a non-refundable cash fee of
$80,000 per month whether or not any transaction is consummated;
and

     (2) Upon the date of the earlier to occur pursuant to an order
of the bankruptcy court of (i) confirmation of a Chapter 11 plan of
reorganization, or (ii) consummation of a sale of all or
substantially all assets of Debtors and their subsidiaries,
Province shall earn a cash fee of $1.9 million.

Paul Huygens, principal at Province, disclosed in court filings
that the firm is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:
   
     Paul Huygens
     Province, Inc.
     2360 Corporate Circle, Suite 330
     Henderson, NV 89074
     Telephone: (702) 685-5555
     Email: phuygens@provincefirm.com

                        About Cinemex

Cinemex USA Real Estate Holdings Inc. and Cinemex Holdings USA,
Inc., a company that operates a movie theater chain, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Fla. Case Nos. 20-14695 and 20-14696) on April 25, 2020.  On April
26, 2020, CB Theater Experience, LLC filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 20-14699).  The cases are jointly
administered under Case No. 20-14695.

At the time of the filing, Debtors each disclosed assets of between
$100 million and $500 million and liabilities of the same range.

Quinn Emanuel Urquhart & Sullivan, LLP and Bast Amron, LLP serve as
Debtors' bankruptcy counsel.  Province, Inc. is the financial
advisor.


CM RESORT: Seeks Approval to Hire Environmental Engineer
--------------------------------------------------------
John Dee Spicer, the trustee appointed in the Chapter 11 cases of
CM Resort LLC and its affiliates, seeks approval from the U.S.
Bankruptcy Court for the Northern District of Texas to employ Reed
Engineering Group, Ltd. to conduct an environmental site assessment
of approximately 1,854 acres of undeveloped land in Palo Pinto
County, Texas.

CM Resort owns the property, which is part of 7-R Ranch, a luxury
country style housing development located west of Fort Worth.

Compensation will be made to Reed Engineering on an hourly basis in
the anticipated amount of $6,500 to $7,250.

Reed Engineering President Ronald Reed disclosed in court filing
that his firm is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Ronald Reed
     Reed Engineering Group, Ltd.
     2424 Stutz, Suite 400
     Dallas, TX 75235
     Telephone: (214) 350-5600
     Email: rreed@reed-engineering.com

                           About CM Resort

Based in Gordon, Texas, CM Resort LLC, a single asset real estate,
filed a voluntary petition for bankruptcy under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 18-43168) on Aug. 15,
2018.  The case is jointly administered with the Chapter 11 cases
filed by CM Resort Management LLC and nine other companies.  Case
No. 18-43168 is the lead case.

In the petition signed by Mark Ruff, member and authorized agent,
CM Resort estimated $1 million to $10 million in assets and $10
million to $50 million in liabilities.  Judge Russell F. Nelms
presides over the case.  

Gerrit M. Pronske, Esq., at Pronske Goolsby & Kathman, P.C., is CM
Resort's legal counsel.

John Dee Spicer was appointed as Chapter 11 trustee.  The trustee
is represented by Cavazos Hendricks Poirot, P.C.


CM RESORT: Trustee Seeks Approval to Hire Land Surveyor
-------------------------------------------------------
John Dee Spicer, the trustee appointed in the Chapter 11 cases of
CM Resort LLC and its affiliates, seeks approval from the U.S.
Bankruptcy Court for the Northern District of Texas to employ
Pacheco Koch Consulting Engineers, Inc. to conduct a ground survey
of approximately 1,854 acres of undeveloped land in Palo Pinto
County, Texas.

CM Resort owns the property, which is part of 7-R Ranch, a luxury
country style housing development located west of Fort Worth.

Pacheco Koch will receive a fixed fee of $39,000 for its services,
plus state and local sales taxes.

Michael Lewis Jr., an associate principal at Pacheco Koch,
disclosed in court filings that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Michael L. Lewis Jr.
     Pacheco Koch Consulting Engineers, Inc.
     7557 Rambler Road, Suite 1400
     Dallas, TX 75231
     Telephone: (972) 235-3031

                           About CM Resort

Based in Gordon, Texas, CM Resort LLC, a single asset real estate,
filed a voluntary petition for bankruptcy under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 18-43168) on Aug. 15,
2018.  The case is jointly administered with the Chapter 11 cases
filed by CM Resort Management LLC and nine other companies.  Case
No. 18-43168 is the lead case.

In the petition signed by Mark Ruff, member and authorized agent,
CM Resort estimated $1 million to $10 million in assets and $10
million to $50 million in liabilities.  Judge Russell F. Nelms
presides over the case.  

Gerrit M. Pronske, Esq., at Pronske Goolsby & Kathman, P.C., is CM
Resort's legal counsel.

John Dee Spicer was appointed as Chapter 11 trustee.  The trustee
is represented by Cavazos Hendricks Poirot, P.C.


COMSALE GROUP: Foreign Rep's Sale of Assets to Escrap Approved
--------------------------------------------------------------
Judge James L. Garrity, Jr. of the U.S. Bankruptcy Court for the
Southern District of New York authorized Grant Thornton Ltd., the
Court-appointed receiver and manager, and authorized foreign
representative of Comsale Group, Inc., Comsale Computer, Inc., and
Comsale, Inc., to sell available assets to Escrap Canada, Inc.

The sale is pursuant to the Order (I) Approving the Sale Procedures
and the Sale Notice, (II) Authorizing the Sale of Substantially All
of the Debtors’ Assets Free and Clear of Any Liens, Claims,
Encumbrances and Other Interests, (III) Recognizing and Enforcing
the Canadian Sale Procedures Order, and (IV) Granting Related
Relief.

The Foreign Representative is authorized to transfer the Available
Assets located in the United States to the Buyer pursuant to the
terms of the APA.  The APA is approved, and the Foreign
Representative is authorized to take all actions necessary to
consummate the Proposed Transaction.

The sale is free and clear of all liens, claims, encumbrances and
other interests, and all such liens, claims, encumbrances and other
interests will attach to the proceeds of the Proposed Transaction.

Notwithstanding any provision in the Bankruptcy Rules to the
contrary: (a) the terms of this Order will be immediately effective
and enforceable upon its entry; (b) the Foreign Representative is
not subject to any stay in the implementation, enforcement or
realization of the relief granted in this Order and (c) the Foreign
Representative may, in its discretion and without further delay,
take any action and perform any act authorized under the Order, the
Receivership Order or the Canadian Sale Procedures Order.

                      About Comsale Group

Comsale -- http://www.comsale.com/-- offers refurbished desktop
and laptop computers, as well as electronic accessories.  Since
2000, the Company has been providing IT solutions to clients around
the globe for the retail, distribution, government, health,
education, and consumer sectors.

Comsale Group, Inc.'s foreign proceeding is Case No.
CV-19-630501-00CL in the Superior Court of Justice (Commercial
List) (Ontario).

The Debtor sought Chapter 15 protection (Bankr. S.D.N.Y. Case No.
19-13625) on Nov. 13, 2019.  Two affiliates that concurrently filed
voluntary petitions seeking relief under Chapter 15 of the
Bankruptcy Code: (i) Comsale Computer, Inc. (Bankr. S.D.N.Y. Case
No. 19-13627), and (ii) Comsale, Inc. ((Bankr. S.D.N.Y. Case No.
19-13628).  The cases are assigned to Judge James L. Garrity Jr.

Comsale tapped Grant Thorntorn Limited, 200 King St. W., 11th
Floor, Toronto, Ontario M5H 3T4, Canada as Foreign Representative.
The Foreign Representative tapped Robert H. Trust, Esq., Penelope
J. Jensen, Esq., Christopher J. Hunker, Esq., at Linklaters LLP,
and D.J. Miller, Esq., and Rachel Bengino, Esq., at Thornton Grout
Finnigan LLP as counsel.


COUNTRYSIDE FUNERAL: Seeks to Hire Polston Tax as Accountant
------------------------------------------------------------
Countryside Funeral Home, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Kansas to employ Polston Tax
Service as its accountant.

The firm's services will include the preparation of income tax and
payroll tax returns and bookkeeping services.  Polston will be paid
$1,125 per month.

Whitney Craig, the firm's accountant who will be providing the
services, disclosed in court filings that she is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Whitney Craig, CPA
     Polston Tax Service
     2424 Springer Drive, Suite 100
     Norman, OK 73069
     Telephone: (405) 801-2146
     Facsimile: (405) 801-2150
     Email: Whitney@polstontax.com

                  About Countryside Funeral Home

Countryside Funeral Home, LLC owns in fee simple seven properties
in Kansas having an aggregate current value of $1.21 million.

Countryside Funeral Home sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Kansas Case No. 20-10330) on March 16,
2020. The petition was signed by Randy Robinson, Debtor's managing
member.  At the time of the filing, Debtor disclosed $1,344,900 in
assets and $4,118,149 in liabilities.  Judge Robert E. Nugent
oversees the case.

Debtor tapped Mark J. Lazzo, P.A. as its legal counsel, and Polston
Tax Service as its accountant.


DELCATH SYSTEMS: CEO and CFO Tender Resignations
------------------------------------------------
Jennifer K. Simpson submitted her resignation as the chief
executive officer of Delcath Systems, Inc. and, on May 20, 2020,
Ms. Simpson also resigned from the Board of Directors of the
Company.  The Company said Ms. Simpson's resignation from its Board
of Directors and resignation of her employment as the chief
executive officer of the Company, to be effective on June 1, 2020,
was not because of any disagreement with the Company on any matter
relating to the Company's operations, policies or practices.  The
Board of Directors of the Company has commenced a search to replace
Ms. Simpson.

On May 18, 2020, Barbra C. Keck, the chief financial officer of the
Company, submitted her resignation of employment to the Company, to
be effective on June 1, 2020.  Ms. Keck's resignation of her
employment as chief financial officer of the Company was not
because of any disagreement with the Company on any matter relating
to the Company's operations, policies or practices. The Board of
Directors of the Company has commenced a search to replace Ms.
Keck.

                  Appointment of Interim CEO

On May 20, 2020, the Board of Directors of the Company appointed
John Purpura, M.S., the Company's executive vice president, global
head operations, to serve as the interim chief executive officer of
the Company, effective on June 1, 2020, until such time as the
Company appoints a successor chief executive officer. In addition
to serving as interim chief executive officer, Mr. Purpura will
continue to serve as executive vice president, global head of
operations of the Company.  Mr. Purpura's compensation will be
adjusted to reflect the additional responsibilities.

Mr. Purpura, 58, joined the Company as executive vice president,
Regulatory Affairs and Quality Assurance in November 2009 and was
promoted to executive vice president, global hHead of operations on
July 19, 2016.  Prior to joining the Company, he was with Bracco
Diagnostics (formerly E-Z-EM,Inc.) as vice president and then
executive director of International Regulatory Affairs from 2007 to
2008 and Head of Regulatory Affairs for North America and Latin
America from 2008 to 2009. Prior to E-Z-EM, Inc., Mr. Purpura had
an 11-year career with Sanofi-Aventis, ultimately serving as
Associate Vice President for Regulatory CMC from 2005 to 2007.
From 1985 to 1995, he had various quality and regulatory management
roles with Bolar Pharmaceuticals, Luitpold Pharmaceuticals and Eon
Labs Manufacturing.  He earned his M.S. in Management & Policy and
B.S. degrees in Chemistry and Biology at the State University of
New York at Stony Brook.

                        About Delcath Systems

Headquartered in New York, NY, Delcath Systems, Inc. --
http://www.delcath.com-- is an interventional oncology company
focused on the treatment of primary and metastatic liver cancers.
The Company's lead product candidate, Melphalan Hydrochloride for
Injection for use with the Delcath Hepatic Delivery System, or
Melphalan/HDS, is designed to administer high-dose chemotherapy to
the liver while controlling systemic exposure and associated side
effects.  In Europe, Melphalan/HDS is approved for sale under the
trade name Delcath CHEMOSAT Hepatic Delivery System for Melphalan.

Delcath Systems reported a net loss of $8.88 million for the year
ended Dec. 31, 2019, compared to a net loss of $19.22 million for
the year ended Dec. 31, 2018. As of Dec. 31, 2019, the Company had
$14.21 million in total assets, $20.57 million in total
liabilities, and a total stockholders' deficit of $6.36 million.

Marcum LLP, in New York, New York, the Company's auditor since
2018, issued a "going concern" qualification in its report dated
March 25, 2020 citing that the Company has a significant working
capital deficiency, has incurred significant recurring losses and
needs to raise additional funds to meet its obligations and sustain
its operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


ELITE AUTO DEALER: Hires Denali Consulting as Consultant
--------------------------------------------------------
Elite Auto Dealer Inc., seeks authority from the U.S. Bankruptcy
Court for the District of Nevada to employ Denali Consulting Group
LLC, as accountant to the Debtor.

Elite Auto Dealer requires Denali Consulting to file the Debtor's
taxes, prepare monthly operating reports, and perform any other
accounting and bookkeeping services necessary for the Debtor in
Possession and the estate.

Denali Consulting will be paid at these hourly rates:

     Partners             $125
     Associates            $85

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

Tim Altman, a partner of Denali Consulting Group, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Denali Consulting can be reached at:

     Denali Consulting Group LLC
     718 S 8th Street
     Las Vegas, NV 89101
     Tel: (702) 385-4646
     Fax: (702) 386-0599

                   About Elite Auto Dealer

Elite Auto Dealer, Inc., is a car dealer in Las Vegas, Nevada.
Elite Auto Dealer filed a Chapter 11 petition (Bankr. D. Nev. Case
No. 20-12221) on May 5, 2020.  In the petition signed by Anderson
Voss, president, the Debtor was estimated to have $500,000 to $1
million in assets and $1 million to $10 million in liabilities.
Brandy Brown, Esq., at Kung & Brown, serves as bankruptcy counsel.




EMERALD X: S&P Lowers ICR to 'B' on Prolonged Increased Leverage
----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Emerald X
Inc. and issue-level rating to 'B' from 'B+'. The ratings remain on
CreditWatch where S&P placed them with negative implications on
March 16, 2020.

The downgrade on Emerald X, Inc. reflects S&P's expectation that
leverage will increase and remain above the rating agency's
threshold and includes the liquidity risk associated with the
inflow of lumpy insurance proceeds and the outflow of customer
refunds. Additionally, the downgrade reflects the company's
vulnerability to event cancelations stemming from the COVID-19
pandemic and the limited visibility into how widespread and
drawn-out the impact will be. At this time S&P expects the
insurance proceeds will allow the company to sufficiently address
upcoming payments relating to customer refunds and its monthly cash
burn and that the company will be able to manage the timing of the
insurance receipts and customer refund payments effectively.

Federal and state authorities have placed stay-at-home
restrictions, which has led to the cancelation or postponement of
numerous conferences worldwide in the first half of 2020. Further,
the economic impact and subsequent return to normalcy are also
uncertain, given that some form of social distancing rules may
remain in place for a prolonged period, putting pressure on
attendance. S&P believes trade show management companies such as
Emerald could be significantly impaired because most of its shows
take place only once a year, and a postponement or cancelation
could have a substantial impact.

S&P expects revenue and EBITDA losses in 2020 related to the
COVID-19 pandemic and its economic impact will be steep, increasing
Emerald's adjusted debt to EBITDA well above 5x from 4.7x on
December 31, 2019. Nevertheless, unlike many other companies,
Emerald benefits from specific insurance against show cancelations
due to a pandemic. Over the near term, Emerald's main source of
liquidity includes cash on hand, availability under its revolving
credit facility and expected proceeds from its insurance company.
Based on current cash balances and revolving credit availability,
S&P believes Emerald has sufficient liquidity to cover customer
reimbursements for canceled shows of over $70 million. As of March
31, 2020, the company had $50 million of cash and about $100
million available under the company's $150 million revolving credit
facility. The revolving credit facility contains a 5.5x total
first-lien net secured leverage ratio covenant. This financial
covenant is tested if the aggregate amount of revolving loans,
swing line loans and letters of credit outstanding exceeds 35% of
the total commitments. S&P believes that in 2020, the covenant
leverage will not increase above 5.5x as the covenant calculations
adds back proceeds from insurance claims improving compliance
headroom.

"We expect to update our CreditWatch placement on the rating
following further information on insurance proceeds and more
information regarding the spread of COVID-19 and its impact on
Emerald X, Inc.," S&P said.

Environmental, social, and governance (ESG) credit factors for this
credit rating change:

-- Health and safety

"In resolving the CreditWatch placement, we will evaluate new
information regarding the extent of the impact from COVID-19,
success of insurance claims and the timeliness of reimbursements
for losses related to any canceled event. We could lower the rating
if liquidity declines due to delayed or insufficient insurance
proceeds, mandatory reimbursement of customers' proceeds from
canceled events and operating losses," S&P said.

"We could affirm the 'B' rating once we have more confidence
regarding the inflow and size of insurance proceeds to cover
near-term needs given that the duration and severity of COVID-19's
effect on trade shows could be severe," the rating agency said.


EP ENERGY: Committee Hires Fox Rothschild as Counsel
----------------------------------------------------
The Official Committee of Unsecured Creditors of EP Energy
Corporation, and its debtor-affiliates, seeks authorization from
the U.S. Bankruptcy Court for the Southern District of Texas to
retain Fox Rothschild LLP, as co-counsel to the Committee.

The Committee requires Fox Rothschild to:

   a. assist, advise and represent the Committee with respect to
      the administration of this case and the exercise of
      oversight with respect to the Debtors' affairs, including
      all issues arising from or impacting the Debtors, the
      Committee, or these chapter 11 cases;

   b. provide all necessary legal advice with respect to the
      Committee's powers and duties;

   c. assist the Committee in maximizing the value of the
      Debtors' assets for the benefit of all creditors;

   d. participate in the formulation of and negotiation of a plan
      of reorganization and/or liquidation and approval of an
      associated disclosure statement;

   e. investigate the acts, conduct, assets, liabilities, and
      financial condition of the Debtors, the operation of the
      Debtors' businesses and any other matter relevant to the
      chapter 11 cases or to the formulation of a plan;

   f. commence and prosecute any and all necessary and
      appropriate actions and/or proceedings on behalf of the
      Committee that may be relevant to these cases;

   g. prepare on behalf of the Committee all necessary
      applications, motions, answers, orders, reports and other
      legal papers;

   h. communicate with the Committee's constituents and others as
      the Committee may consider appropriate in furtherance of
      its responsibilities;

   i. advise the Committee on practice and procedure before the
      United States Bankruptcy Court for the Southern District of
      Texas and regarding the Local Rules and local practice;

   j. act as conflicts counsel in matters where Committee co-
      counsel is unable to act;

   k. appear in Bankruptcy Court and protect the interest of the
      Committee; and

   l. perform all other legal services for the Committee which
      may be appropriate, necessary and proper in these chapter
      11 cases.

Fox Rothschild will be paid at these hourly rates:

     Partners                   $295 to $965
     Counsel                    $230 to $895
     Associates                 $225 to $560
     Paraprofessionals          $100 to $425

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

Trey A. Monsour, partner of Fox Rothschild LLP, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and (a) is not creditors,
equity security holders or insiders of the Debtors; (b) has not
been, within two years before the date of the filing of the
Debtors' chapter 11 petition, directors, officers or employees of
the Debtors; and (c) does not have an interest materially adverse
to the interest of the estate or of any class of creditors or
equity security holders, by reason of any direct or indirect
relationship to, connection with, or interest in, the Debtors, or
for any other reason.

Fox Rothschild can be reached at:

     Trey A. Monsour, Esq.
     Fox Rothschild LLP
     2843 Rusk Street
     Houston, TX 77003
     Tel: (713) 927-7469

                 About EP Energy Corporation

EP Energy Corporation and its direct and indirect subsidiaries(OTC
Pink: EPEG) -- http://www.epenergy.com/-- are a North American oil
and natural gas exploration and production company headquartered in
Houston, Texas. The Debtors operate through a diverse base of
producing assets and are focused on the development of drilling
inventory located in three areas: the Eagle Ford shale in South
Texas, the Permian Basin in West Texas, and Northeastern Utah.

EP Energy Corporation and its subsidiaries sought Chapter 11
protection on Oct. 3, 2019, after reaching a deal with Elliott
Management Corporation, Apollo Global Management, LLC, and certain
other noteholders on a bankruptcy exit plan that would reduce debt
by 3.3 billion.

The lead case is In re EP Energy Corporation (Bankr. S.D. Tex. Lead
Case No. 19-35654).

EP Energy was estimated to have $1 billion to $10 billion in assets
and liabilities as of the bankruptcy filing.

Judge Marvin Isgur oversees the case.

The Debtors tapped Weil, Gotshal & Manges LLP as legal counsel;
Evercore Group L.L.C. as investment banker; and FTI Consulting,
Inc. as financial advisor. Prime Clerk LLC is the claims agent. On
Jan. 13, 2020, Judge Marvin Isgur entered findings of fact,
conclusion of law, and order confirming the Fourth Amended Joint
Chapter 11 Plan of EP Energy Corporation and its Affiliated
Debtors.



FIRST CLASS: $60K Sale of Assets to Colonial Approved
-----------------------------------------------------
Judge Shelley Rucker of the U.S. Bankruptcy Court for the Eastern
District of Tennessee authorized First Class Printing, Inc.'s sale
of assets listed in Exhibit A, including all its equipment and
accounts receivable, to Colonial Printing Co. for $60,000.

A hearing on the Motion was held on May 21, 2020.

The sale is free and clear of all Liens and Claims.  All Liens and
Claims against the Purchased Assets will attach to the net
proceeds.  As a resolution to the objection filed by First Commerce
Bank, First Commerce will be deemed to have a first priority
security interest in the Purchased Assets and will receive at least
$57,075 in proceeds from the sale of the Purchased Assets.  First
Commerce will receive the $57,075 in proceeds within five days of
the expiration of the objection period outlined at the beginning of
the Order.

First Commerce will obtain any additional proceeds (above the
$57,075 listed above) not paid to the United States Trustee.  In
consideration of the proceed distribution, First Commerce withdraws
its objection to the sale of the Purchased Assets.  The amount of
$2,925 will be carved out from the sale proceeds and associated
liens for the benefit of the United States Trustee Program for
payment of first quarter statutory fees (estimated at $1,950) and
second quarter statutory fees (estimated at no more than $975,
inclusive of the distributions to secured creditors under this
order).  That amount represents the maximum carve-out requested.

These funds will be held in the Debtor's counsel's trust account
pending the filing of the monthly operating reports for February,
March, and April 2020.  The United States Trustee will then provide
the Debtor's counsel with a final fee figure (not to exceed
$2,925), which the Debtor's counsel may then disburse to the United
States Trustee.  To the extent that the final statutory fee figure
is lower than the estimated $2,925, the excess will be distributed
to First Commerce or, in the event of an objection, the appropriate
lien holder.

Prior to or upon the closing of the transaction, each of the
Debtor's creditors is authorized and directed to execute such
documents and take all other actions as may be necessary to release
their interests, if any, in the Purchased Assets as such interests
may have been recorded or may otherwise exist.  The Order will be
deemed a discharge of the Purchased Assets from the lien of the
United States Treasury - IRS as to the Purchased Assets only, and
the United States Treasury - IRS will not be required to execute
any additional documents to effect the discharge of said Purchased
Assets from the effect of the Notices of Federal Tax Lien filed
therein.

Promptly following entry of the Order, the counsel for the Buyer
will serve a copy of the Order by U.S. Mail to the parties on the
certificate of service attached to the Motion.  Further, the
counsel will attach to the front of each service copy of the Order.
  If no objection is filed, the Order will become final on the
fourteenth calendar day following the date the Order is entered.
As provided by Bankruptcy Rule 7062, and notwithstanding Bankruptcy
Rule 6004(h), the Order will not be automatically stayed, but upon
the fourteenth calendar day following the date the Order is
entered, the Order will be effective and enforceable and the Buyer
may consummate the transaction at any time thereafter by proceeding
to close the transaction without notice to the Court, any
pre-petition or post-petition creditor of the Debtor and/or any
other party in interest.

A copy of the Exhibit is available at https://tinyurl.com/y9mwunzq
from PacerMonitor.com free of charge.

                  About First Class Printing

First Class Printing, Inc., based in Fayetteville, TN, filed a
Chapter 11 petition (Bankr. E.D. Tenn. Case No. 19-14730) on Nov.
6, 2019.  In the petition signed by Calvin Bruce Tanner, owner, the
Debtor disclosed $392,470 in assets and $1,187,031 in liabilities.
The Hon. Shelley D. Rucker is the presiding judge.  Steven L.
Lefkovitz, Esq., at Lefkovitz & Lefkovitz, serves as bankruptcy
counsel to the Debtor.


FOODFIRST GLOBAL: Hires Conaway Stargatt as Special Counsel
-----------------------------------------------------------
Foodfirst Global Restaurants, Inc., and its debtor-affiliates, seek
authority from the U.S. Bankruptcy Court for the Middle District of
Florida to employ Young Conaway Stargatt & Taylor, LLP, as special
corporate and transactional counsel to the Debtors.

Foodfirst Global requires Conaway Stargatt to provide transactional
and corporate counseling issues, including, without limitation: (i)
corporate governance and board advice; (ii) maintenance of
corporate formalities; and (iii) contract negotiation and drafting,
to the extent requested by the Debtors.

Conaway Stargatt will be paid at these hourly rates:

     Pauline K. Morgan             $1,025
     Craig D. Grear                $1,025
     Allurie R. Kephart              $580

On March 24, 2020, Conaway Stargatt received a retainer in the
amount of $150,000. After deduction of fees and expenses, Conaway
Stargatt held as Retainer the remaining balance in the amount of
$82,455.50.

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

Pauline K. Morgan, partner of Young Conaway Stargatt & Taylor, LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Conaway Stargatt can be reached at:

     Pauline K. Morgan, Esq.
     YOUNG CONAWAY STARGATT & TAYLOR, LLP
     1000 North King Street
     Wilmington, DE 19801
     Tel: (302) 571-6600

                About Foodfirst Global Restaurants

FoodFirst Global Restaurants, Inc. is the parent company of two of
America's Italian restaurant brands: BRIO Tuscan Grille and BRAVO
Cucina Italiana. It was formed in 2018 by investment firm GP
Investments, Ltd. and a group of entrepreneurial investors. Visit
https://www.foodfirst.com/index.html for more information.

FoodFirst Global Restaurants and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case
No. 20-02159) on April 10, 2020.  At the time of the filing, the
Debtors disclosed assets of between $10 million and $50 million and
liabilities of the same range.  Judge Karen Jennemann oversees the
cases.  Shuker & Dorris, P.A. is Debtors' legal counsel.

The U.S. Trustee for Region 21 appointed a committee to represent
unsecured creditors in Debtors' cases.  The committee is
represented by Pachulski Stang Ziehl & Jones LLP.


FORD MOTOR: DBRS Lowers Issuer Rating to BB(high)
-------------------------------------------------
DBRS Limited downgraded Ford Motor Company's (Ford or the Company)
Issuer Rating to BB (high) from BBB. Additionally, pursuant to its
"DBRS Criteria: Recovery Ratings for Non-Investment Grade Corporate
Issuers" (August 22, 2019), DBRS Morningstar also downgraded the
instrument ratings on Ford's Long-Term Debt and Revolving Credit
Facility to BB (high) with a recovery rating of RR4. Concurrently,
DBRS Morningstar downgraded Ford Motor Credit Company LLC's (Ford
Motor Credit) Long-Term Debt rating and Long-Term Issuer Rating to
BB (high) from BBB as well as its Short-Term Debt rating to R-4
from R-2 (middle). DBRS Morningstar also downgraded the Long-Term
Debt and Short-Term Debt ratings on Ford Motor Credit's subsidiary,
Ford Credit Canada Company, to BB (high) and R-4 from BBB and R-2
(middle), respectively. The trend on all long-term ratings is
Negative while the trend on all short-term ratings is Stable as,
pursuant to DBRS Morningstar's debt rating scales, the R-4 rating
maps consistently to long-term ratings ranging from BB (high) to B
(high). With these rating actions, DBRS Morningstar removed all
ratings from Under Review with Negative Implications, where they
were placed on March 27, 2020.

The rating downgrades reflect prior headwinds, including the
Company's ongoing restructuring activities amid lacklustre
automotive conditions that the global Coronavirus Disease
(COVID-19) outbreak has considerably exacerbated. DBRS Morningstar
notes that, pursuant to the moderate scenario outlined in its
commentary, "Global Macroeconomic Scenarios: Application to Credit
Ratings" dated April 22, 2020, Ford's financial risk assessment and
associated credit metrics are projected to decline to meaningfully
weaker levels than those that supported the Company's previous
ratings.

As with several automotive original equipment manufacturers, the
initial coronavirus outbreak in January 2020 primarily affected
Ford in China, where imposed restrictions (including social
distancing, self-isolation, and quarantines) effectively disrupted
demand, with the Company's supply base also subject to
interruption. However, in mid-March 2020, the global spread of the
coronavirus increased substantially when Ford's industrial
activities in North America, Europe, and South America (as well as
in several smaller jurisdictions) were shut down rapidly. As a
result, Ford's Q1 2020 earnings were correspondingly weak. The
Company incurred an adjusted-EBIT loss of $600 million and Ford
indicated that the coronavirus negatively affected EBIT by at least
$2 billion. Moreover, Ford's recent use of cash has been sizable as
negative working capital effects (primarily consisting of ongoing
payments to suppliers notwithstanding the stoppage of production)
exacerbated the initial cash burn. The Company expects its rate of
cash burn to moderate significantly following the effective runoff
of such payables.

Consistent with its industrial peers, Ford has implemented several
countermeasures in response to the coronavirus, including, among
others, reductions in operating expenses, salary cutbacks,
short-term layoffs, and decreases in capital expenditures. The
Company began a progressive restart of its European operations in
early May 2020 with North America following on May 18, 2020;
however, it remains to be seen how successful this resumed
production will be, given concerns regarding the resiliency of the
supply base as well as demand levels over the immediate term.

DBRS Morningstar notes that Ford has taken a number of meaningful
and proactive actions to bolster its cash position in response to
the coronavirus outbreak, which include suspending dividend
payments (amounting to $2.4 billion annually in recent years),
drawing down available loan facilities for a total amount of $15.4
billion, and issuing unsecured notes in an aggregate amount of $8.0
billion. As a result of these measures, Ford's liquidity as of
April 24, 2020, totaled approximately $35 billion. Accordingly,
despite the decline in earnings and sizable cash burn related to
the coronavirus, DBRS Morningstar deems Ford's liquidity position
to be sufficient to withstand any reasonably foreseeable scenario
associated with the pandemic.

Consistent with the Negative trend on the long-term ratings and
recognizing the ongoing uncertainty regarding the ultimate severity
and duration of the coronavirus, DBRS Morningstar notes that if the
pandemic progresses such that it approximates the adverse scenario
outlined in the above-cited commentary, this could result in
additional downward rating pressures. Conversely, if the
coronavirus is sufficiently contained in H1 2020 and a meaningful
recovery follows in the remainder of the year, DBRS Morningstar
could change the trend on the long-term ratings to Stable.

Notes: All figures are in U.S. dollars unless otherwise noted.


FULTON PROPERTIES: Hires Frederic P. Schwieg as Attorney
--------------------------------------------------------
Fulton Properties of Ohio LLC, seeks authority from the U.S.
Bankruptcy Court for the Northern District of Ohio to employ
Frederic P. Schwieg, Attorney at Law, as attorney to the Debtor.

Fulton Properties requires Frederic P. Schwieg to:

   -- assist in the preparation of pleadings and services
      incidental to the bankruptcy proceedings;

   -- conduct examinations or depositions of witnesses;

   -- participate in negotiations for the sale of assets of the
      Estate; and

   -- assist in the production of related documents.

Frederic P. Schwieg will be paid at the hourly rate of $300.

Frederic P. Schwieg will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Frederic P. Schwieg, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Frederic P. Schwieg can be reached at:

     Frederic P. Schwieg, Esq.
     Attorney at Law
     19885 Detroit Rd #239
     Rocky River, OH 44116
     Tel: (440) 499-4506
     Fax: (440) 398-0490
     E-mail: fschwieg@schwieglaw.com

                 About Fulton Properties of Ohio

Fulton Properties of Ohio LLC, based in Valley City, OH, filed a
Chapter 11 petition (Bankr. N.D. Ohio Case No. 20-51057) on May 20,
2020.  In the petition signed John Medas, president, the Debtor was
estimated to have $1 million to $10 million in both assets and
liabilities.  The Hon. Alan M. Koschik oversees the case.
FREDERICK P SCHWIEG ATTORNEY AT LAW, serves as bankruptcy counsel
to the Debtor.


FUSE GROUP: Incurs $6K Net Loss in Second Quarter
-------------------------------------------------
Fuse Group Holdings Inc. reported a net loss of $6,433 on $200,000
of revenue for the three months ended March 31, 2020, compared to a
net loss of $49,586 on $250,000 of revenue for the three months
ended March 31, 2019.

For the six months ended march 31, 2020, the Company recorded a net
loss of $35,844 on $450,000 of revenue compared to a net loss of
$111,916 on $766,000 of revenue for the six months ended March 31,
2019.

As of March 31, 2020, the Company had $1.12 million in total
assets, $51,707 in total liabilities, and $1.06 million in total
stockholders' equity.

Fuse Group stated, "Quarantines, travel restrictions,
shelter-in-place and other restrictions related to COVID-19 have
impacted our abilities to visit mines in Mexico and Asian counties
as well as to meet with potential clients and mine owners for our
consulting business and our own investment in mine projects.  Our
clients that are negatively impacted by the outbreak of COVID-19
may cancel or suspend their mine acquisition projects, which in
turn will reduce their demands for our services and materially
adversely impact our revenue.

"The global economy has also been materially negatively affected by
COVID-19 and there is continued severe uncertainty about the
duration and intensity of its impacts.  The U.S. and global growth
forecast is extremely uncertain, which would seriously affect
people's investment desires in mines in Mexico, Asia and
internationally.

"While the potential economic impact brought by, and the duration
of, COVID-19 may be difficult to assess or predict, a widespread
pandemic could result in significant disruption of global financial
markets, reducing our ability to access capital, which could
negatively affect our liquidity.  In addition, a recession or
market correction resulting from the spread of COVID-19 could
materially affect our business and the value of our common stock.

"Further, as we do not have access to a revolving credit facility,
there can be no assurance that we would be able to secure
commercial debt financing in the future in the event that we
require additional capital.  We currently believe that our
financial resources will be adequate to see us through the
outbreak.  However, in the event that we do need to raise capital
in the future, the outbreak-related instability in the securities
markets could adversely affect our ability to raise additional
capital."

A full-text copy of the Quarterly Report is available for free at
the Securities and Exchange Commission's website at:

                      https://is.gd/BEA1AG

                        About Fuse Group

Headquartered in Arcadia, CA, Fuse Group provides consulting
services to mining industry clients to find acquisition targets
within the parameters set by the clients, when the mine owner is
considering selling its mining rights.  The services of Fuse Group
and Fuse Processing, Inc. include due diligence on the potential
mine seller and the mine, such as ownership of the mine and whether
the mine meets all operation requirements and/or is currently in
operation.

Fuse Group reported a net loss of $79,656 for the year ended Sept.
30, 2019, compared to a net loss of $4.22 million for the year
ended Sept. 30, 2018.

Prager Metis, CPA's LLP, in El Segundo, California, the Company's
auditor since 2019, issued a "going concern" qualification in its
report dated Jan. 13, 2020 citing that the Company had recurring
losses from operations and accumulated deficit.  These conditions,
among others, raise substantial doubt about its ability to continue
as a going concern.


GRANITE ENVIRONMENTAL: Seeks to Hire Julianne Frank as Counsel
--------------------------------------------------------------
Granite Environmental, Inc., seeks approval from the U.S.
Bankruptcy Court for the Southern District of Florida to hire
Julianne Frank, P.A. as its legal counsel.
   
The firm will advise Debtor of its powers and duties under the
Bankruptcy Code and will provide other legal services in connection
with Debtor's Chapter 11 case.

The hourly rates charged by the firm for the services of its
attorneys and paralegals range from $100 to $350.  The firm has
required a retainer of $9,935.50.

Julianne Frank can be reached through:

     Julianne Frank, Esq.
     Julianne Frank, P.A.
     4495 Military Trl Ste 107
     Jupiter, FL 33458-4818
     E-mail: julianne@jrfesq.com

                   About Granite Environmental

Granite Environmental Inc., which conducts business under the name
GEI Works -- http://www.geiworks.com/-- is an American
manufacturing company located in Sebastian, Fla.  Its product
categories range from containment boom, dewatering solutions,
erosion control, storage tanks, incinerators, spill cleanup and
containment, liners and covers, and Stormwater BMPs.  

Granite Environmental sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 20-15641) on May 22,
2020.  At the time of the filing, Debtor disclosed $444,761 in
assets and $1,856,972 in liabilities.  Julianne Frank, P.A., is the
Debtor's legal counsel.


HERTZ CORP: DBRS Lowers LongTerm Issuer Rating to D, Off Review
---------------------------------------------------------------
DBRS, Inc. has downgraded the Long-Term Issuer Rating and Long-Term
Senior Debt rating of The Hertz Corporation (Hertz or the Company)
to D from CC and removed the ratings from Under Review with
Negative Implications. This rating downgrade follows Hertz's May
22, 2020 filing for bankruptcy protection under Chapter 11.


IFS SECURITIES: Hires GlassRatner as Financial Advisor
------------------------------------------------------
IFS Securities, Inc., seeks authority from the U.S. Bankruptcy
Court for the Northern District of Georgia to employ GlassRatner
Advisory & Capital Group, LLC, as financial advisor, and Marshall
Glade as chief restructuring officer, to the Debtor.

IFS Securities requires Greenberg Traurig to:

   a. develop cash flow projections;

   b. prepare statutory reporting requirements, including
      statements of financial affairs and associated schedules;

   c. prepare of reports for, and communications with, the
      Bankruptcy Court, creditors, and any other constituent;

   d. implement needed operational and/or strategic enhancements;

   e. review, evaluate, and analyze the financial ramifications
      of proposed transactions for which the Debtor may seek
      Bankruptcy Court approval;

   f. assist the Debtor in developing and supporting a proposed
      plan of reorganization;

   g. render Bankruptcy Court testimony in connection with the
      foregoing, as required, on behalf of the Debtor; and

   h. provide any other duty or task which falls within the
      normal responsibilities of an accountant or financial
      advisor.

Mr. Glade will serve as CRO and shall:

   a. work with various prepetition creditors;

   b. supervise, control, and monitor cash receipts and
      disbursements;

   c. direct and supervise the formulation of budgets and plans;

   d. develop all aspects of financial, operational, and
      administrative direction and plans;

   e. determine, direct, and supervise all other activities and
      strategies, operations, and plans;

   f. act as the Debtor's liaison with creditors and governmental
      entities; and

   g. manage the Chapter 11 Case and administration process.

Greenberg Traurig will be paid at these hourly rates:

     Mr. Glade as CRO              $435
     Staffs                    $195 to $575

Greenberg Traurig will be paid a retainer in the amount of
$20,000.

In the ninety days prior to the Petition Date, GlassRatner received
retainers and payments totaling $25,481.

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

Marshall Glade, a senior managing director of GlassRatner, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Greenberg Traurig can be reached at:

     Marshall Glade
     GLASSRATNER ADVISORY & CAPITAL GROUP, LLC
     3445 Peachtree Road, Suite 1225
     Atlanta, GA 30326
     Tel: (470) 346-6842
     Fax: (470) 346-6804
     E-mail: mglade@glassratner.com

                     About IFS Securities

IFS Securities, Inc., based in Atlanta, GA, filed a Chapter 11
petition (Bankr. N.D. Ga. Case No. 20-65841) on April 24, 2020.  In
the petition signed by CRO Marshall Glade, the Debtor was estimated
to have $1 million to $10 million in assets and $10 million to $50
million in liabilities.  John D. Elrod, Esq., at Greenberg Traurig,
LLP, serves as bankruptcy counsel to the Debtor.


INSIGHT TERMINAL: Objects to Autumn Wind's Disclosure Motion
------------------------------------------------------------
Debtors Insight Terminal Solutions, LLC and Insight Terminal
Holdings, LLC object to Autumn Wind Lending, LLC's motion for entry
of an order scheduling a combined hearing on the adequacy of
Disclosure Statement and confirmation of Autumn's Plan for the
Bankruptcy Estate of the Debtor.

In support of this Objection, the Debtors assert that:

   * Oakland Bulk & Oversized Terminal, LLC (OBOT's) Extension of
the Sublease Assumption Deadline Removes the Exigent Need for the
Condensed Deadlines and Procedures Requested in the Disclosure
Statement and Plan Procedures Motion.

   * The Bankruptcy Code Prohibits the Bifurcated Disclosure
Statement and Plan Confirmation Hearings Sought by AWL in the Disc.
Statement and Plan Procedures Motion.

   * The Tight Deadlines and Conflated Disclosure Statement and
Plan Procedures Sought by AWL Fail to Accommodate the Challenges
Associated with the AWL Plan and Disc Statement.

   * AWL's Compressed Schedule Unfairly Tilts the Playing Field
against the Debtors.

A full-text copy of the Debtors' objection to Autumn Wind's
Disclosure Statement dated May 1, 2020, is available at
https://tinyurl.com/ybvqlwof from PacerMonitor at no charge.

Counsel for the Debtors:

           Andrew D. Stosberg
           MIDDLETON REUTLINGER
           401 S. Fourth Street, Suite 2600
           Louisville, Kentucky 40202
           Tel: (502) 625-2734
           E-mail: astosberg@middletonlaw.com

             About Insight Terminal Solutions

Insight Terminal Solutions -- http://insightterminals.com-- is an
Oakland, Calif.-based company that provides terminal and
stevedoring services at the Oakland Bulk and Oversized Terminal
(OBOT) for a variety of bulk agriculture and mineral commodities.

Insight Terminal Solutions and its affiliate Insight Terminal
Holdings, LLC filed voluntary petitions for relief under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Ky. Lead Case No. 19-32231) on
July 17, 2019. The petitions were signed by John J. Siegel, Jr.,
manager.

At the time of filing, Insight Terminal Solutions was estimated to
have $1 million to $10 million in assets and $10 million to $50
million in liabilities.  Insight Terminal Holdings was estimated to
have up to $50,000 in assets and $1 million to $10 million in
liabilities.

Andrew David Stosberg, Esq., at Middleton Reutlinger, represents
the Debtor.


IONIX TECHNOLOGY: Terminates Advisory Agreement with Maxim Group
----------------------------------------------------------------
Ionix Technology, Inc. and Maxim Group, LLC mutually agreed to
terminate all rights and obligations, except for certain
indemnification provisions, under that certain letter agreement
dated on or about Dec. 16, 2019 relating to general financial
advisory and investment banking services and the letter agreement
of even date regarding retention as underwriter in connection with
a proposed follow-on offering of securities.  As a result the
Company and Maxim entered into a Settlement and Release Agreement
on May 19, 2020 granting a general mutual release of each other and
reflecting no further relationship or obligations between the
parties.  Pursuant to the Agreement, Maxim agreed it will return
the pro-rata amount of common stock shares issued by the Company
pursuant to the Maxim Agreements based upon the remaining term of
the advisory services agreed upon in the Maxim Agreements.

                          About Ionix

Headquartered in Liaoning Province, China, Ionix Technology, Inc.
-- http://www.iinx-tech.com-- is a holding company that is
principally engaged in the photoelectric display and smart energy
industries.  The company has four operating subsidiaries: Changchun
Fangguan Photoelectric Display Technology Co., Ltd, a company which
specializes in developing, designing, producing, and selling TN and
STN LCD, STN, CSTN, and TFT LCD modules as well as other related
products; Shenzhen Baileqi Electronic Technology Co., Ltd, a
company which specializes in LCD slicing, filling, researching and
designing, manufacturing and selling of LCD Modules (LCM) and PCBs;
Lisite Science Technology (Shenzhen) Co., Ltd., a company engaged
in the production of intelligent electronic devices; and Dalian
Shizhe New Energy Technology Co., Ltd., a company engaged in
photo-voltaic power generation, electric vehicles and charging
piles with corresponding operation and maintenance and three
dimensional parking.

As of March 31, 2020, Ionix had $18.35 million in total assets,
$8.22 million in total liabilities, and $10.13 million in total
stockholders' equity.

Prager Metis CPAs, LLC, in Hackensack, New Jersey, the Company's
auditor since 2018, issued a "going concern" qualification in its
report dated Sept. 30, 2019, citing that the Company has not
generated sufficient cash flow from its operating activities for
the past two years and did not have enough cash to support future
operating plan.  These circumstances, among others, raise
substantial doubt about the Company's ability to continue as a
going concern.


JEFFREY GEORGE REYNOLDS: $2.4M Sale of Frisco Property Approved
---------------------------------------------------------------
Judge Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas authorized Jeffrey George Reynolds and
Michelle M. Reynolds to sell the real property located at 6267
Sweeney Trail, Frisco, Texas to Mike and Janet Kacor, pursuant to
the One to Four Family Residential Contract (Resale), for
$2,425,000.

At the closing of such sale, the Debtors (or any party acting at
the Debtors' direction, such as a closing agent, title company or
escrow agent) is authorized to close the sale of the Property; and
to vest title to the Property in the Purchasers free and clear of
all liens, claims and encumbrances whatsoever other than as
provided in the Order.

At the closing of such sale, the Debtors (or any party acting at
the Debtors' direction, such as a closing agent, title company or
escrow agent) is authorized and directed to pay the normal costs
associated with closing the sale of the Property including, but not
limited to, pro-rated taxes; title insurance, processing fees,
underwriting fees, brokerage commissions owed to brokers or agents
relating to the sale of the Property, flood certifications,
application fees, escrow fees, abstract or title search fees, title
examination fees, document preparation fees, and notary fees
.

The following payment of the Closing Costs, at the closing of such
sale, the Debtors (or any party acting at the Debtors' direction,
such as a closing agent, title company or escrow agent) is
authorized and directed to disburse the sale proceeds as follows:

     a. First, to those parties necessary to fully satisfy closing
costs and brokerage fees;

     b. Second, to any ad valorem taxing authority to fully satisfy
the ad valorem taxes for the tax periods 2019 and prior (including
all amounts allowed under 11 U.S.C. Section 506(b)) against the
Property;   

     c. Third, to Morgan Stanley Private Bank, NA / Cenlar FSB
(including all amounts allowed under 11 U.S.C. Section 506(b))
against the Property; and

     d. Fourth, to the Debtors.

Upon payment of the Closing Costs and claims of the parties
provided in the preceding paragraphs, any such lienholder or any
other holder of a recorded lien or claim against the Property will
execute any and all documents reasonably necessary to release its
liens, claims, interests, encumbrances and security interests in,
on, or to the Property, or are deemed to have released same.

The Federal Rule of Bankruptcy Procedure 6004(h) will not apply to
the Order.

Unless otherwise provided in the Order, the Debtors' sale to the
Purchasers will operate to convey to the Purchasers title to the
Property, free and clear of any and all liens, claims, interests
and encumbrances, in, on, or to, the Property, except for the liens
that secure all amounts ultimately owed for year 2020 ad valorem
real property taxes, which will remain attached to the Property and
become the responsibility of the Purchasers.

Jeffrey George Reynolds and Michelle M. Reynolds sought Chapter 11
protection (Bankr. E.D. Tex. Case No. 19-42160) on Aug. 8, 2019.
The Debtors tapped Howard Marc Spector, Esq., as counsel.



JIMLYN ENTERPRISES: Plan & Disclosure Hearing Reset to June 18
--------------------------------------------------------------
Judge Paul R. Warren of the U.S. Bankruptcy Court for the Western
District of New York has ordered that the hearing on final approval
of the disclosure statement and confirmation of the plan of
reorganization of Debtor Jimlyn Enterprises, Inc. is adjourned to
June 18, 2020, at 9:00 A.M., to allow counsel the opportunity to
properly notice the application for compensation.

A copy of the order dated May 1, 2020, is available at
https://tinyurl.com/ycrbqn6n from PacerMonitor at no charge.

                    About Jimlyn Enterprises

Jimlyn Enterprises, Inc., filed a Chapter 11 bankruptcy
petition(Bankr. W.D.N.Y. Case No. 19-20309) on April 4, 2019,
disclosing under $1 million in both assets and liabilities.  The
Debtor is represented by Raymond C. Stilwell, Esq., at the Law
Offices Of Raymond C. Stilwell.


JONAH ENERGY: S&P Cuts ICR to 'CCC-' on Borrowing Base Deficiency
-----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
exploration and production (E&P) company Jonah Energy LLC to 'CCC-'
from 'CCC+'. The outlook is negative. S&P also lowered the rating
on the term loan to 'CCC+' from 'B'. The recovery remains '1'
(95%).

At the same time S&P is lowering the issue-level ratings on the
unsecured notes to 'CCC-' from 'B-' and revised the recovery rating
on this debt to '3' (60%) from '2' (85%).

During the spring redetermination Jonah Energy's borrowing base and
elected commitments under its reserve-based lending facility (RBL)
were lowered to $770 million.  The company has $935.6 million drawn
on the facility resulting in a borrowing deficiency. The company
elected to pay the deficit over the next six months in equal
installments. The first payment is scheduled for May 22, 2020. The
company intends to make these payments using $167.5 million of cash
on hand and expects to generate positive free cash flow in 2020.

Additionally, Jonah's senior unsecured notes are currently trading
around 7% of par value. S&P siad, "We believe there is an imminent
risk that the company will enter into an exchange transaction of
its senior notes that we would view as distressed given their
current trading levels. Furthermore, the company is at risk of
breaching its 4.25x leverage covenant associated with its RBL over
the next six months if commodity prices do not significantly
improve."

S&P said, "Our negative outlook on Jonah reflects the company's
borrowing deficiency, a possible restructuring given the trading
levels of its senior notes, and the high probability of a covenant
breach in the next six months.

"We could lower our issuer credit rating on Jonah if we believe a
default is a virtual certainty.

"We could raise the rating if we no longer believe there is a high
probability of a default, distressed exchange, or other form of
debt restructuring. This would most likely occur if the industry
conditions become significantly more favorable."


JUSTICE FARMS: Hires Lefkovitz & Lefkovitz as Counsel
-----------------------------------------------------
Justice Farms, LLC, seeks authority from the U.S. Bankruptcy Court
for the Middle District of Tennessee to employ Lefkovitz &
Lefkovitz, PLLC, as counsel to the Debtor.

Justice Farms requires Lefkovitz & Lefkovitz to:

   a. advise the Debtor as to its rights, duties, and powers as
      Debtor-in-Possession;

   b. prepare and file statements and schedules, plans, and other
      documents and pleadings necessary to be filed by the Debtor
      in the bankruptcy proceedings;

   c. represent the Debtor at all hearings, meetings of
      creditors, conferences, trials, and any other proceedings
      in the bankruptcy case; and

   d. perform such other legal services as may be necessary in
      connection with the bankruptcy case.

Lefkovitz & Lefkovitz will be paid at these hourly rates:

     Steven L. Lefkovitz         $555
     Associate Attorneys         $350
     Paralegals                  $125

Lefkovitz & Lefkovitz received from the Debtor a retainer in the
amount of $7,717.

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

Steven L. Lefkovitz, the firm's name partner, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Lefkovitz & Lefkovitz can be reached at:

     Steven L. Lefkovitz, Esq.
     LEFKOVITZ & LEFKOVITZ, PLLC
     618 Church Street, Suite 410
     Nashville, TN 37219
     Tel: (615) 256-8300
     Fax: (615) 255-4516
     E-mail: slefkovitz@lefkovitz.com

                     About Justice Farms

Justice Farms, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
M.D. Tenn. Case No. 20-02266) on April 24, 2020, disclosing under
$1 million in both assets and liabilities.  The Debtor is
represented by Steven L. Lefkovitz, Esq., at Lefkovitz & Lefkovitz,
PLLC.


K' CAFE CORP: June 16 Plan Confirmation Hearing Set
---------------------------------------------------
On April 30, 2020, debtor K'Cafe Corp., d/b/a Yukka Latin Bistro
filed with the U.S. Bankruptcy Court for the Southern District of
New York a Second Amended Disclosure Statement.

On May 1, 2020, Judge Robert E. Grossman conditionally approved the
Second Amended Disclosure Statement and established these dates and
deadlines:

   * June 16, 2020, at 10:00 a.m. before the Honorable Robert
Grossman, United States Bankruptcy Judge, in the United States
Bankruptcy Court for the Southern District of New York, One Bowling
Green, New York, New York 10007, Room 501, is the hearing to
consider confirmation of the Plan.  

   * May 11, 2020, is fixed as the last day to deliver Ballots for
accepting or rejecting the Plan.

   * June 9, 2020, at 5:00 p.m. is fixed as the last day to file
acceptances or rejections of the Plan.

   * June 9, 2020, is fixed as the last day to file any objection
to confirmation of the Plan.

A copy of the order dated May 1, 2020, is available at
https://tinyurl.com/y857uddk from PacerMonitor at no charge.

The Debtor is represented by:

     Michael S. Kopelman, Esq.
     KOPELMAN & KOPELMAN LLP
     90 Main Street, Suite 205
     Hackensack, NJ 07601
     Tel: (201) 489-5500
     Fax: (201) 489-7755

                        About K'Cafe Corp.

K' Cafe Corp., d/b/a Yukka Latin Bistro, filed a Chapter 11
bankruptcy petition (Bankr. S.D.N.Y. Case No. 19-12597) on Aug. 11,
2019, disclosing under $1 million in both assets and liabilities.
The Debtor is represented by Michael S. Kopelman, Esq., at Kopelman
& Kopelman LLP.  


LJF TRUCKING: Seeks to Hire Rudovlaw as Counsel
-----------------------------------------------
LJF Trucking, Inc., seeks authority from the U.S. Bankruptcy Court
for the Western District of Pennsylvania to employ Rudovlaw, as
counsel to the Debtor.

LJF Trucking requires Rudovlaw to provide legal advice in all
aspects of the Chapter 11 case.

Rudovlaw will be paid at these hourly rates:

     Partners                    $400
     Senior Counsels             $280
     Paralegals               $80 to $150

Rudovlaw will be paid a retainer in the amount of $25,000.

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

David K. Rudov, partner of Rudovlaw, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estates.

Rudovlaw can be reached at:

     David K. Rudov, Esq.
     RUDOVLAW
     437 Grant St. Suite 1806
     Pittsburgh, PA 15219
     Tel: (412) 223-5030
     E-mail: david@rudovlaw.com

                        About LJF Trucking

LJF Trucking, Inc., based in Irvona, PA, filed a Chapter 11
petition (Bankr. W.D. Pa. Case No. 20-10353) on May 15, 2020.  In
the petition signed by Leo C. Frailey, president, the Debtor was
estimated to have $500,000 to $1 million in assets and $1 million
to $10 million in liabilities.  David K. Rudov, Esq., at RUDOVLAW,
serves as bankruptcy counsel to the Debtor.


MANNINGTON MILLS: S&P Alters Outlook to Negative, Affirms 'BB-' ICR
-------------------------------------------------------------------
S&P Global Ratings revised its outlook on U.S.-based Mannington
Mills Inc. to negative from stable and affirmed the 'BB-' issuer
credit rating. S&P also affirmed the rating on its term loan B at
'BB-'.

"The outlook revision to negative on Mannington is based on our
expectation for weaker credit ratios because recessionary pressures
and social distancing restrictions to contain COVID-19 are limiting
commercial flooring activity and slowing repair and remodel
spending. This will depress demand for Mannington's flooring
materials this year," S&P said.

For the 12 months ended Dec. 31, 2019, Mannington's adjusted debt
leverage was 4.4x and EBITDA interest coverage was 3.7x. However,
under its base-case scenario, S&P expects revenues and earnings to
decline in 2020, causing credit measures to deteriorate over the
next 12 months. It now expects adjusted debt leverage will rise to
about 5x and EBITDA interest coverage will deteriorate to about 3x
by year-end. Due to the counter-cyclical cash flows, S&P expects
working capital to generate inflows as sales contract and inventory
and receivables are liquidated. That combined with the company's
efforts to reduce capital expenditures, pause acquisition spending,
and limit dividends on behalf of its owners. S&P expects the
company to be cash-flow positive in 2020.

"Although we expect about a 10%-15% decline in revenues in 2020,
there will likely be a lag before reduced new construction activity
affects the company's performance," S&P said.

Mannington's revenues are closely tied to the commercial and
residential construction end markets, which have declined due to
stay-at-home and shelter-in-place measures. Additionally, increased
jobless claims and reduced income levels are slowing new home
purchases. With depleted consumer confidence, home purchases will
likely be deferred. S&P also believes consumers will delay
high-value renovation activities such as those involving flooring.
Based on these factors, it expects overall revenues to fall by more
than 10% in 2020.

Mannington operates in the highly competitive flooring industry,
and has limited pricing power.

The flooring industry is very competitive and demand is declining
for legacy products made with vinyl, laminate, and wood, which tend
to be cannibalized by the highly engineered rigid-core luxury vinyl
tile (LVT) products. Mannington has a leading position in
rigid-core LVT, which it began manufacturing in a Calhoun, Ga.,
plant in order to better compete with imports from China. S&P
assumes the company's sales will decline moderately in the next 12
months, as steady remodeling activity is somewhat offset by a
slowdown in new residential and commercial activity.

S&P's base-case economic scenario anticipates a gradual economic
recovery beginning in the second half of 2020 with housing starts
rebounding back to 1.3 million in 2021. However, the negative
outlook reflects the potential for extended recessionary pressures
to lead to earnings and credit ratios worsening from S&P's
base-case scenario.

S&P could lower the ratings over the next 12 months if:

-- Continued pressures on demand cause EBITDA to contract below
$75 million, such that

-- The company sustains debt to EBITDA above 5x, with little
prospect for a quick recovery.

S&P could revise the outlook back to stable over the next 12 months
if:

-- Overall business conditions and demand improve, and
-- Mannington maintains leverage below 5x.


MARKEL CORP: S&P Rates Fixed-Rate Reset Preferred Shares 'BB+'
--------------------------------------------------------------
S&P Global Ratings said it assigned its 'BB+' issue-level rating to
Markel Corp.'s (NYSE:MKL; BBB/Stable/--) $600 million series A
6.00% fixed-rate reset non-cumulative perpetual preferred shares.
The rating on the preferred shares is linked to the issuer credit
rating on Markel but is two notches lower to reflect the issue's
subordination and the dividend-deferral features. Markel intends to
use the net proceeds of this offering for general corporate
purposes.

The preferred shares will reset every five years to the five-year
U.S. treasury benchmark rate plus pre-defined spread. Markel can
call the preferred shares at the first call date, set at five
years, and at every reset date thereafter. As the shares are
non-cumulative in nature, Markel does not have any obligation to
pay deferred dividends. However, deferred payment of dividends does
restrict the company's ability to pay common dividends and
repurchase shares, and if certain conditions are met, gives right
to two board members. S&P expects to classify the preferred shares
as having intermediate equity content under its hybrid capital
criteria. S&P includes securities of this nature, up to a certain
threshold, in its calculation of total adjusted capital, which
forms the basis of its consolidated risk-based capital analysis of
insurance companies.

On a pro forma basis, as of first-quarter 2020, S&P expects
financial leverage to increase to 31.4% from 28.4%. S&P projects
the leverage ratio to be about 31% at year-end 2020 and 27%-31% in
2021-2022, with progressive improvement as equity builds up through
earnings accretion. S&P anticipates that fixed-charge coverage
would be less than 4x in 2020, but as earnings improve for
2021-2022, it should improve to above 4x. The company's capital
position took a significant hit in first-quarter 2020 due to
investment and COVID-19 related underwriting losses, but S&P
expects Markel's capitalization to be redundant at 'AA' confidence
level by 2021 supported by the preferred share issuance and
assuming no share repurchases, no large acquisitions, and other
capital management initiatives.


MCIG INC: Changes Corporate Name to "Bots, Inc."
------------------------------------------------
The Board of Directors of mCig, Inc. has elected to change the name
of the corporation to Bots, Inc.  On May 15, 2020, the name change
was recorded with the Department of State of Puerto Rico.

                         About mCig

Headquartered in Jacksonville, Florida, MCIG, Inc. (now known as
BOTS, Inc.) -- http://www.mciggroup.com/-- is a diversified
company servicing the legal cannabis, hemp and CBD markets via its
lifestyle brands.  The Company is committed to drive the
innovations needed to shape the future of robotic automation
management through digital technology and decentralized blockchain
solutions.

mCig reported a net loss attributable to controlling interest of
$3.06 million for the year ended April 30, 2019, compared to a net
loss attributable to controlling interest of $1.08 million for the
year ended April 30, 2018.

Weinstein International CPA, in Tel Aviv, Israel, the Company's
auditor since 2019, issued a "going concern" qualification in its
report dated Nov. 19, 2019 citing that as of April 30, 2019, the
Company has negative cash flow and there are no assurances the
Company will generate a profit or obtain positive cash flow, in
addition the Company has a nominal working capital deficit.  These
and other factors raise substantial doubt about the Company's
ability to continue as a going concern.


MICROVISION INC: Perry Mulligan Quits from Board of Directors
-------------------------------------------------------------
Perry M. Mulligan resigned from the board of directors of
MicroVision Inc.  Mr. Mulligan served as director of the company
since January 2010 and was chief executive officer from November
2017 to February 2020.

"I am very grateful to have been able to serve MicroVision as a
member of the executive team and as a long-time board member," said
Mr. Mulligan.  "As part of my transition to the board earlier this
year I was committed to demonstrating my support for our new CEO
Sumit Sharma with the board and shareholders.  With a successful
transition completed, I remain confident in the potential for the
company.  In light of my recent health issues, I believe that this
is the right time for me to retire from the board and focus on my
recovery and my family."

"The company and board have benefited from Perry's dedication,
knowledge and leadership both as CEO for two years and as a board
member since 2010," said Brian Turner, Board Chair.  "While I am
sorry to see Perry resign, I am glad that he was able to continue
as a board member after stepping down as CEO earlier this year to
enable a smooth transition for Sumit.  The board members and I have
enjoyed working with Perry and will miss his insights and positive
contributions.  We wish him well as he steps away to focus on
health and family."

                      About MicroVision

MicroVision -- http://www.microvision.com/-- is the creator of
PicoP scanning technology, an ultra-miniature sensing and
projection solution based on the laser beam scanning methodology
pioneered by the company.  MicroVision's platform approach for this
sensing and display solution means that its technology can be
adapted to a wide array of applications and form factors.  The
Company combines its hardware, software, and algorithms to unlock
value for its customers by providing them a differentiated advanced
solution for a rapidly evolving, always-on world.

MicroVision reported a net loss of $26.48 million for the year
ended Dec. 31, 2019, compared to a net loss of $27.25 million for
the year ended Dec. 31, 2018.  As of Dec. 31, 2019, the Company had
$11.84 million in total assets, $15.81 million in total
liabilities, and a total shareholders' deficit of $3.98 million.

Moss Adams LLP, in Seattle, Washington, the Company's auditor since
2012, issued a "going concern" qualification in its report dated
March 11, 2020, citing 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.


MOORE & MOORE: Seeks to Hire Steffes Firm as Counsel
----------------------------------------------------
Moore & Moore Trucking, LLC, seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Louisiana to employ
The Steffes Firm, LLC, as counsel to the Debtor.

Moore & Moore requires Steffes Firm to give the Debtor legal advice
with respect to the Debtor's powers and duties as
debtor-in-possession, and to perform all legal services for the
debtor-in-possession which may be necessary herein.

Steffes Firm will be paid based upon its normal and usual hourly
billing rates. Steffes Firm will be paid a retainer in the amount
of 2,500, and filing fee of $1,717.

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

Gary K. McKenzie, partner of The Steffes Firm, LLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Steffes Firm can be reached at:

     Gary K. McKenzie, Esq.
     THE STEFFES FIRM, LLC
     13702 Coursey Blvd., Building 3
     Baton Rouge, LA 70817
     Tel: (225) 751-1751
     Fax: (225) 751-1998
     E-mail: gmckenzie@steffeslaw.com

                 About Moore & Moore Trucking

Moore & Moore General Contractors, Inc. d/b/a Moore & Moore Lumber
Co., based in La Porte, TX, filed a Chapter 11 petition (Bankr.
S.D. Tex. Case No. 10-31201) on Feb. 12, 2010.  The petition was
signed by Bryan Moore, president of the Company.  The Hon. Jeff
Bohm oversees the case.  The Debtor hired The Steffes Firm, LLC, as
counsel.


NATES AUTO REPAIR: Gets Final Approval on Cash Collateral Use
-------------------------------------------------------------
Judge Erik Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Nates Auto Repair & Performance,
Inc. to use cash collateral on a final basis in accordance with the
budget.

The Debtor may use cash collateral with an adequate protection
payment for On Deck Capital in the agreed amount of $356; and for
Commercial Credit Group in the agreed amount of $4,703.

On Deck, Records Company and CCG are each granted replacement liens
on all assets held by the Debtor to the extent of the validity and
priority, and of the same kind and nature, that existed
pre-petition. However, under no circumstance will the Secured
Lenders have a lien on any causes of action or proceeds of such
causes of action arising under 11 U.S.C. sections 541, 542, 544,
547, 548, 549, 550, 551 or 553 or any proceeds derived therefrom.

                  About Nates Auto Repair

Nates Auto Repair & Performance, Inc. --
https://allhookeduptowing.co/ -- provides 24-hour car & heavy truck
towing and roadside services in Jupiter, Port St. Lucie, Stuart, Ft
Pierce, & I-95 Florida.

Nates Auto Repair & Performance, Inc. filed a voluntary petition
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
20-12446) on Feb. 25, 2020.  In the petition signed by Nathan
Miskulin, president, the Debtor was estimated to have under $50,000
in assets and $1 million to $10 million in liabilities.

Judge Erik P. Kimball oversees the case.

Chad Van Horn, Esq. at VAN HORN LAW GROUP, P.A., serves as the
Debtor's counsel.



NOMAD JV: S&P Withdraws 'B' ICRs on OptumHealth Acquisition
-----------------------------------------------------------
S&P Global Ratings withdrew its ratings on Nomad JV L.P. and
subsidiary Nomad Buyer Inc. (d/b/a naviHealth; B/Stable/--)
following the closing of the company's acquisition by OptumHealth
(parent UnitedHealth Group Inc.; A+/Stable/A-1). All debt has been
redeemed as part of the transaction.

Tennessee-based health insurance services company naviHealth is the
largest manager of post-acute care benefits for health plans, as
well as a leading value-based care partner for health systems and
providers.

S&P's discontinuance of the rating as part of the normal life cycle
of the transaction has led the rating to be withdrawn.


OCULAR THERAPEUTIX: Expects to Receive $45M from Stock Offering
---------------------------------------------------------------
Ocular Therapeutix, Inc. has priced an underwritten public offering
of 8,181,819 shares of its common stock at a public offering price
of $5.50 per share for gross proceeds of approximately $45 million,
before deducting underwriting discounts and commissions and other
offering expenses payable by the Company.  In addition, the Company
has granted the underwriters of the offering a 30-day option to
purchase up to an additional 1,227,272 shares in the public
offering on the same terms and conditions.  All of the shares in
the offering are to be sold by the Company.  The offering is
expected to close on or about May 22, 2020, subject to the
satisfaction of customary closing conditions.

Jefferies LLC and Piper Sandler & Co. are acting as joint
book-running managers for the offering.  Raymond James &
Associates, Inc., JMP Securities LLC and H.C. Wainwright & Co., LLC
are acting as co-managers for the offering.

The offering is being made pursuant to a shelf registration
statement on Form S-3 that was previously filed with and declared
effective by the Securities and Exchange Commission (SEC).  The
offering is made only by means of a prospectus supplement and the
accompanying prospectus that form a part of the registration
statement.  Before investing in the offering, interested parties
should read the prospectus supplement and the accompanying
prospectus for the offering and the other documents the Company has
filed with the SEC, which are incorporated by reference in the
prospectus supplement and the accompanying prospectus for the
offering and which provide more complete information about the
Company and the offering.  Electronic copies of the preliminary
prospectus supplement and the accompanying prospectus for the
offering are available on the website of the SEC at www.sec.gov,
and the final prospectus supplement relating to the offering will
be filed with the SEC.  Copies of the preliminary prospectus
supplement, the final prospectus supplement, when available, and
the accompanying prospectus relating to this offering may also be
obtained by contacting Jefferies LLC, Attention: Equity Syndicate
Prospectus Department, 520 Madison Avenue, 2nd Floor, NY 10022, by
telephone: (877) 821-7388, or by email:
Prospectus_Department@Jefferies.com or Piper Sandler & Co.,
Attention: Prospectus Department, 800 Nicollet Mall, J12S03,
Minneapolis, MN 55402, by telephone: (800) 747-3924, or by email:
prospectus@psc.com.

                  About Ocular Therapeutix

Headquartered in Bedford, MA, Ocular Therapeutix, Inc. --
http://www.ocutx.com/-- is a biopharmaceutical company focused on
the formulation, development, and commercialization of innovative
therapies for diseases and conditions of the eye using its
proprietary bioresorbable hydrogel-based formulation technology.
Ocular Therapeutix's first commercial drug product, DEXTENZA, is
FDA-approved for the treatment of ocular inflammation and pain
following ophthalmic surgery.

Ocular Therapeutix recorded a net loss of $86.37 million  for the
year ended Dec. 31, 2019, compared to a net loss of $59.97 million
for the year ended Dec. 31, 2018.  As of Dec. 31, 2019, the Company
had $78.74 million in total assets, $82.37 million in total
liabilities, and a total stockholders' deficit of $3.63 million.

PricewaterhouseCoopers LLP, in Boston, Massachusetts, the Company's
auditor since 2008, issued a "going concern" qualification in its
report dated March 12, 2020, citing that the Company has incurred
losses and negative cash flows from operations since its inception
that raise substantial doubt about its ability to continue as a
going concern.


OMNIQ CORP: Wins AI-Machine Vision Based Smart City Project
-----------------------------------------------------------
OMNIQ Corp. said it has been awarded a key project by the city of
San Mateo, California to provide an innovative cloud-based Smart
City parking and traffic control solution.  The system is based on
OMNIQ's AI-Machine Vision technology integrated with its recently
acquired PERCS solution that will assist in keeping the streets of
San Mateo safe, secure and congestion-free by automating the
enforcement and citation of traffic and parking regulations on city
streets.

OMNIQ's AI-Machine Vision technology combined with PERCS, provides
a wide range of operational solutions and safety benefits with
innovative intelligent features which include:

   * Unprecedented accuracy in recognizing license plate
     characters along with state jurisdiction

   * Accurate, patented make and color recognition

   * Geofence technology for automated control and law
     enforcement in different city zones

   * Ability to capture and record the positon of wheels on
     parked vehicles to verify whether the vehicle moved and is
     in a violation zone

PERCS incorporates cloud-based, ticketless, and gateless parking
services and revenue enforcement capabilities within a single
platform.  The system allows an administrator to manage lanes,
lots, spots and track revenue from one web portal, and utilizes a
dashboard for the monitoring of all activity and transactions for
visitors and transient parkers.  The PERCS solution is ideal for a
broad variety of customers, including municipalities, universities,
medical centers and public parking operations.

Shai Lustgarten, CEO of OMNIQ Corp., commented: "As a leading
provider of Machine Vision–Object Identification solutions, we
are pleased to bring a new, comprehensive solution to the city of
San Mateo.  With our March 2020 acquisition of Eyepax IP assets,
including the PERCS business intelligence suite, we accelerated our
capabilities and became a prime contractor offering a data rich
intelligent solution improving traffic flow and public safety. Our
combined capabilities are proving to be attractive to parking
operators and municipalities like San Mateo.

"Parking automation is expected to become a $5.2B industry by
2023*, and OMNIQ is uniquely positioned to capitalize on
opportunities in this space with our solutions combining AI-Machine
Vision technology with a cloud-based platform to drive efficiencies
and enhance revenue generating capacity for the parking provider on
both a monthly or a per transaction revenue model.  We remain
focused on bringing our innovative solutions to the marketplace and
believe that our enhanced, fully integrated cloud and AI solution
sets us apart from our competitors in the ticketless, gateless
parking vertical," Mr. Lustgarten concluded.
    
                        About OMNIQ Corp.

Headquartered in Salt Lake City, Utah, OMNIQ Corp. (OTCQB: OMQS) --
http://www.omniq.com-- provides computerized and machine vision
image processing solutions that use patented and proprietary AI
technology to deliver data collection, real time surveillance and
monitoring for supply chain management, homeland security, public
safety, traffic & parking management and access control
applications.  The technology and services provided by the Company
help clients move people, assets and data safely and securely
through airports, warehouses, schools, national borders, and many
other applications and environments.

Omniq reported a net loss attributable to common stockholders of
$5.31 million for the year ended Dec. 31, 2019, compared to a net
loss attributable to common stockholders of $5.41 million for the
year ended Dec. 31, 2018.  As of Dec. 31, 2019, the Company had
$34.45 million in total assets, $32.64 million in total
liabilities, and $1.81 million in total stockholders' equity.

Haynie & Company, in Salt Lake City, Utah, the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated March 30, 2020, citing that the Company has a deficit in
stockholders' equity, and has sustained recurring losses from
operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


PACIFIC LUTHERAN UNIVERSITY, WA: S&P Cuts 2014 Bond Rating to 'BB'
------------------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'BB' from 'BB+'
on Washington Higher Education Facilities Authority's series 2014
bonds, issued for Pacific Lutheran University (PLU). The outlook is
negative.

"The lowered rating reflects our opinion of the enrollment declines
in four of the last five years and declining available resources
ratios that are weak for the rating category and mainly driven by
continued operating deficits," said S&P Global Ratings credit
analyst Ying Huang.

"The negative outlook reflects our view that the weaker operating
performance anticipated for fiscal 2020 combined with a constrained
liquidity position and the associated uncertainties that could
result in a liquidity covenant violation and potential bond
acceleration, although management currently projects to meet the
covenant with limited cushion based on the year-to-date results,"
Ms. Huang added. "It also reflects our opinion that further
enrollment declines and continued operating pressure beyond fiscal
2020, especially given the ongoing impacts from COVID-19 including
the current recession, could potentially lead to further weakening
of PLU's balance sheet ratios and hence pressure the rating."

Due to the recent outbreak of COVID-19, PLU has transitioned to
online classes through the end of the term. As a result, students
are being encouraged to go home, and about 200 students with
extenuating circumstances are allowed to reside on campus. Almost
all campus facilities are closed, with a small workforce of
essential staff working on campus. Management has indicated that at
this time they are not refunding tuition and fees because the
academic program is proceeding. However, students who are not
allowed to return to campus will receive prorated refunds for room
and board, which is estimated to have a net negative impact of
about $2.6 million on the institute's operating performance.
Auxiliary revenues make up 10.5% of total operating revenues, which
S&P views as manageable. While the full financial impact cannot be
determined at this point in time, management does expect certain
unplanned expenses, but also some expense savings that will offset
those. International enrollment makes up less than 3% of total
enrollment, hence S&P expects limited impact on the demand trend of
PLU from international enrollment.

S&P said, "While we recognize that these are unprecedented times,
we acknowledge that PLU has taken measures to address the
situation. The university has about $57 million of daily liquidity
in its endowments as of March 31, 2020, and has also received about
$2.9 million in funds from the CARES Act, half of which are to
provide grants to students for unexpected costs and the balance is
for use by the university as needed. The university also has access
to a $5 million line of credit, which has not been drawn, and plans
to add a borrowing line against its liquid endowment investments.

"In our view, higher education entities face elevated social risk
due to the uncertainty on the duration of the COVID-19 pandemic,
and unknown impact on fall 2020 enrollment levels and mode of
instruction. We view the risks posed by COVID-19 to public health
and safety as a social risk under our ESG factors. Despite the
elevated social risk, we believe PLU's environment and governance
risk are in line with our view of the sector as a whole."

Securing the outstanding bonds is a general obligation of the
university. As of June 30, 2019, PLU had approximately $56.3
million of debt outstanding, including $10 million of the series
2014 fixed-rate debt and $46.3 million of the series 2016 direct
purchase debt.


PACIFIC PLEASANT: Hires Joseph M. Banker as Accountant
------------------------------------------------------
Pacific Pleasant Investment, LLC, seeks authority from the U.S.
Bankruptcy Court for the Northern District of Mississippi to employ
Joseph M. Banker, as accountant.

Pacific Pleasant requires Joseph M. Banker to:

   a. assume primary responsibility for the filing of necessary
      tax returns;

   b. prepare financial statements in accordance with the tax
      basis of accounting and apply accounting and financial
      reporting expertise to assist the Debtor in the
      presentation of financial statements; and

   c. provide other general accountant services as the Debtor may
      require from time-to-time.

Joseph M. Banker will be paid based upon its normal and usual
hourly billing rates. The firm will also be reimbursed for
reasonable out-of-pocket expenses incurred.

Joseph M. Banker, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Joseph M. Banker can be reached at:

     Joseph M. Banker
     1906 Exeter Road, Suite 1
     Germantown, TN 38138-2900
     Tel: (901) 309-9495
     Fax: (901) 309-9446
     E-mail: joe@joebankercpa.com

              About Pacific Pleasant Investment

Pacific Pleasant Investment, LLC, based in Byhalia, MS, filed a
Chapter 11 petition (Bankr. N.D. Miss. Case No. 20-11594) on April
20, 2020.  In the petition signed by Nrupesh Patel, manager, the
Debtor was estimated to have $1 million to $10 million in both
assets and liabilities.  Craig M. Geno, Esq., at the Law Offices Of
Craig M. Geno, PLLC, serves as bankruptcy counsel to the Debtor.


PALMDALE AEROSPACE ACADEMY, CA: S&P Affirms 'BB' Bond Ratings
-------------------------------------------------------------
S&P Global Ratings removed its rating on California Municipal
Finance Authority's charter school revenue bonds outstanding,
issued for The Palmdale Aerospace Academy (TPAA), from CreditWatch,
where it was placed with negative implications Nov. 26, 2019.

"We resolved the CreditWatch action after receiving required
information from the school regarding the status of the
investigation as well as pertinent information tied to TPAA's
COVID-19 response," said S&P credit analyst Brian Marshall.

At the same time, S&P affirmed its 'BB' ratings on the bonds. The
outlook is negative.

"The negative outlook reflects our view that while the school has
communicated that the charter is not at risk and was renewed in
2017 through June 30, 2022, and the authorizer's most recent
communication reflects no plans to initiate charter revocation
proceeds, the formal investigation regarding recent allegations
remains ongoing," Mr. Marshall added.

The outlook also reflects S&P's view of potentially lower state aid
in fiscal 2021 as California responds to the current economic
downturn. S&P believes the ongoing investigation represents
heightened uncertainty surrounding TPAA's charter contract after
the dismissal of the school's headmaster and chief academic officer
in November 2019, following allegations related to the
mismanagement of the school's special education program, which the
rating agency would view as a materially negative credit factor.
S&P will continue to monitor the status of the investigation.

In response to COVID-19 concerns, the school is on a
distance-learning platform until further notice.

The 'BB' rating reflects S&P's view of the school's:

-- Limited operating history of under 10 years with one charter
renewal;

-- Very high MADS burden and debt per student; and

-- Heightened risk to the charter term related to the ongoing
investigation while it remains unresolved.

Partially offsetting the above limitations, in S&P's opinion, are:

-- Solid demand profile, with growing enrollment, satisfactory
academic performance, supported by successful recent elementary
school expansion; and

-- An acceptable liquidity position for the rating level.

-- The outstanding bonds are secured by all pledged revenues
(including state payments), as well as a first-priority mortgage
and security interest on the new facility.

TPAA is a public charter school in Los Angeles County, serving
students in grades 6-12, and in its seventh year of operation.
Officials successfully added a sixth grade in fiscal 2018 followed
by grades TK-5 in fall 2019 after successful completion of the
elementary school. The school's mission is to prepare graduates for
college and careers by emphasizing science, technology,
engineering, and mathematics (STEM) skills through the lens of
aerospace while satisfying the standards of the common core
curriculum. S&P views this as a somewhat unusual approach to the
standard curriculum given the STEM element and community partners
within the STEM arena.

The charter school sector is facing elevated social health and
safety risks due to the impact of COVID-19-related social
distancing on state tax revenues, which are the main source of
charter school funding. Despite the elevated social risk, S&P
believes the school's environmental and governance risks are in
line with its view of the sector as a whole.

"We could lower the rating if the investigation leads to an adverse
impact on the charter term, or if demand or financial metrics fail
to meet projections and weaken to levels no longer commensurate
with the rating. In addition, a material increase in the school's
debt burden, without supporting balance-sheet growth, would lead to
negative rating action," S&P said.

"Although we think that the school has taken proactive steps to
address the COVID-19 pandemic and that it understands the
coronavirus to be a global risk, we could consider a negative
rating action during the outlook period should unforeseen pressures
related to the pandemic materially affect the school's demand,
finances, or trajectory. We could revise the outlook to stable if
the investigation concludes without adverse impact on the charter
term and TPAA is able to demonstrate demand and financial stability
despite the evolving pandemic," the rating agency said.


PEM FAMILY: Plan of Reorganization Confirmed by Judge
-----------------------------------------------------
Judge Mindy A. Mora has entered findings of fact, conclusion of
law, and order confirming the Disclosure Statement and Chapter 11
Plan of Debtors The PEM Family Limited Partnership I, The SAM
Family Limited Partnership I; PEM Irrevocable Trust I; and SAM
Irrevocable Trust I.

The requirements for confirmation of the Plan set forth in Section
1129(a) of the Bankruptcy Code, including those requirements set
forth specifically in subsections (a)(1) through (12), have been
satisfied.

The Court determines that the infusion of new value by present
equity in the Debtors from the distributions paid monthly to the
Debtors on account of the Debtors’ interest in the stock of Gulf
Coast Transportation, Inc. (GCT), which will fund the payments
under the Plan, is sufficient for equity to retain their interests
in the Debtors and Reorganized Debtors.

A copy of the order dated May 1, 2020, is available at
https://tinyurl.com/y8vsn3x3 from PacerMonitor at no charge.

The Debtor is represented by:

        Chad P. Pugatch, Esq.
        Rice Pugatch Robinson Storfer & Cohen, PLLC.
        101 N.E. Third Avenue, Suite 1800
        Fort Lauderdale, FL 33301
        Tel: (954) 462-8000
        Fax: (954) 462-4300
        E-mail: cpugatch@rprslaw.com

                   About PEM Family Limited

Boca Raton, Fla.-based PEM Family Limited Partnership I and its
affiliates filed voluntary Chapter 11 petitions (Bankr. S.D. Fla.
Lead Case No. 19-12916) on March 5, 2019.  In the petitions signed
by Philip E. Morgaman, trustee for PEM Family's general partner,
PEM LLC, the Debtors each declared $1 million to $10 million in
assets and $500,000 to $1 million in liabilities.  The case has
been assigned to Judge Mindy A. Mora.  Craig A. Pugatch, Esq., at
Rice Pugatch Robinson Storfer & Cohen, PLLC, is the Debtors' legal
counsel.


PINNACLE REGIONAL: May Interimly Use Cash Collateral Until May 31
-----------------------------------------------------------------
Judge Dale Somers of the U.S. Bankruptcy Court for the District of
Kansas authorized James Overcash, the Chapter 11 trustee for
Pinnacle Regional Hospital, Inc. and its affiliates to spend cash
collateral only for the purposes and in the amounts set forth in
the budget and pursuant to the terms of the Interim Order.

The Debtor may use cash collateral until the earlier of (a) the
entry of a final order granting the Motion after completion of the
Final Hearing; (b) May 31, 2020; or (c) breach of any provision
contained in the Interim Order.

Great Western Bank asserts various interests in (including, without
limitation, security interests in and liens upon) personal property
including, without limitation, inventory, accounts receivable,
general intangibles, and other collateral in the name of the Health
Care Debtors -- Pinnacle Regional Hospital Inc., Pinnacle
Boonville,  Blue Valley Surgical Associates LLC, and Pinnacle
Health Care System.

Great Western Bank is granted a valid and duly perfected first
priority security interest in and lien on and against all property
of the Debtor using the cash collateral and collateral in question
and of the relevant estate wherever located and any proceeds
therefrom, whether presently owned or hereafter acquired to the
extent that the Bank holds a valid and perfected, senior and
unavoidable security interest in and lien on the collateral and the
cash collateral.

To the extent the replacement liens prove inadequate to protect the
Bank from a demonstrated diminution in the value of the Bank's
collateral position from the Petition Date as a result of the use
of the Bank's collateral hereunder, the Bank will be granted an
administrative expense claim against the relevant Debtor's estate
under section 503(b) of the Bankruptcy Code with priority in
payment under section 507(b) of the Bankruptcy Code.

                About Pinnacle Regional Hospital

Pinnacle Regional Hospital, Inc. -- http://pinnacleregional.com/--
is an operator of general acute-care hospitals in Overland Park,
Kansas.  

Pinnacle Regional Hospital and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Kansas Lead Case
No. 20-20219) on Feb. 12, 2020.  The affiliates are Pinnacle
Regional Hospital LLC, Pinnacle Healthcare System Inc., Blue Valley
Surgical Associates, Rojana Realty Investments Inc. and Joys'
Majestic Paradise, Inc.

At the time of the filing, Pinnacle Regional Hospital disclosed
assets of between $10 million and $50 million and liabilities of
the same range.  

McDowell, Rice, Smith & Buchanan, PC is Debtors' legal counsel.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on March 31, 2020.  The committee is represented by
Kilpatrick Townsend & Stockton, LLC.

On March 31, 2020, James A. Overcash, Esq., at Woods Aitken LLP,
was appointed as Chapter 11 trustee.  The Trustee is represented by
Stinson LLP and Woods Aitken LLP.



PINNACLE REGIONAL: Trustee's Auction of Property Partially Approved
-------------------------------------------------------------------
Judge Dale L. Somers of the U.S. Bankruptcy Court for the District
of Kansas authorizing in part James Overcash, the Chapter 11
trustee for Pinnacle Regional Hospital, Inc., and its affiliates,
to sell the following items of personal property at an auction to
be conducted by Centurion Service Group, LLC:

      a. Fixed Assets - Include, without limitation, the MRI
machine, operating room lights, sterilizers, U-Arms, and sleep
laboratories located in the OP Medical Building; and

      b. OP Furniture - Several items of furniture owned by one or
more of the Debtors and located OP Medical Building and the
administrative building located at 12920 Metcalf Avenue, Overland
Park, Kansas that does not make economic sense to move to a
different location.

The Trustee is authorized and directed to: (a) sell the Fixed
Assets and the OP Furniture at the Auction to the Purchasers upon
the terms and conditions set forth in the Order; (b) take any and
all actions necessary or appropriate to consummate the sale of the
Fixed Assets and the OP Furniture and the closing of the
transactions, in accordance with the Order; (c) perform,
consummate, implement and close fully the sale of the Fixed Assets
and the OP Furniture and executed all additional instruments and
documents that may be reasonably necessary or desirable to
implement sale of the Fixed Assets and the OP Furniture, and (d)
take all further actions as may be necessary or appropriate to the
performance of the obligations as contemplated by the Auction.

The sale will be free and clear of all liens, claims, encumbrances,
and other interests.

At the time of closing, and from the proceeds of the sale, after
consultation with the Committee, the Trustee is authorized and
directed to pay its share of the closing costs, commissions due to
Centurion, and de-installation expenses with respect to Fixed
Assets and the OP Furniture.  Finally, the Trustee is further
directed to place the remaining net sale proceeds into a segregated
bank account and the Proceeds will be held in such account pending
further order of the Court.

The Court will hold a hearing to consider the remaining relief
requested in the Motion including, without limitation, the sale of
the remaining Personal Property on June 12, 2020 at 10:45 a.m.  The
Trustee shall, within three business days of the entry of the
Order, mail a copy of the Order to the parties having been given
notice of the Motion, to any party which has filed prior to such
date a request for notice with the Court.

The Objection Deadline is June 3, 2020.

A copy of the Exhibit A is available at
https://tinyurl.com/yadukfgo from PacerMonitor.com free of charge.

               About Pinnacle Regional Hospital

Pinnacle Regional Hospital, Inc. -- http://pinnacleregional.com/
--
is an operator of general acute-care hospitals in Overland Park,
Kansas.  

Pinnacle Regional Hospital and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Kansas Lead Case
No. 20-20219) on Feb. 12, 2020.  The affiliates are Pinnacle
Regional Hospital LLC, Pinnacle Healthcare System Inc., Blue Valley
Surgical Associates, Rojana Realty Investments Inc. and Joys'
Majestic Paradise, Inc.

At the time of the filing, Pinnacle Regional Hospital disclosed
assets of between $10 million and $50 million and liabilities of
the same range.  

McDowell, Rice, Smith & Buchanan, PC is Debtors' legal counsel.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on March 31, 2020.  The committee is represented by
Kilpatrick Townsend & Stockton, LLC.

On March 31, 2020, James A. Overcash, Esq., at Woods Aitken LLP,
was appointed as Chapter 11 trustee.  The Trustee is represented by
Stinson LLP and Woods Aitken LLP.


PLEASANT POINT: Hires Joseph M. Banker as Accountant
----------------------------------------------------
Pleasant Point Investment, LLC, seeks authority from the U.S.
Bankruptcy Court for the Northern District of Mississippi to employ
Joseph M. Banker, as accountant.

Pleasant Point requires Joseph M. Banker to:

   a. assume primary responsibility for the filing of necessary
      tax returns;

   b. prepare financial statements in accordance with the tax
      basis of accounting and apply accounting and financial
      reporting expertise to assist the Debtor in the
      presentation of financial statements; and

   c. provide other general accountant services as the Debtor may
      require from time-to-time.

Joseph M. Banker will be paid based upon its normal and usual
hourly billing rates. The firm will also be reimbursed for
reasonable out-of-pocket expenses incurred.

Joseph M. Banker, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Joseph M. Banker can be reached at:

     Joseph M. Banker
     1906 Exeter Road, Suite 1
     Germantown, TN 38138-2900
     Tel: (901) 309-9495
     Fax: (901) 309-9446
     E-mail: joe@joebankercpa.com

                About Pleasant Point Investment

Pleasant Point Investment, LLC, based in Mount Pleasant, MS, filed
a Chapter 11 petition (Bankr. N.D. Miss. Case No. 20-11595) on
April 20, 2020.  In the petition signed by Nrupesh Patel, manager,
the Debtor was estimated to have $1 million to $10 million in both
assets and liabilities.  Craig M. Geno, Esq., at the Law Offices Of
Craig M. Geno, PLLC, serves as bankruptcy counsel.


PPD INC: S&P Rates New $700MM Senior Unsecured Notes 'B'
--------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating and '5'
recovery rating to the proposed $700 million senior unsecured
notes. PPD Inc.'s subsidiary Jaguar Holding Co. II is one of the
co-issuer of the notes. The '5' recovery rating indicates S&P's
expectation for modest (10%-30%; rounded estimate: 10%) recovery in
the event of a payment default.

S&P said, "Our 'B+' issuer credit rating on PPD reflects our
expectation that the company's leverage will remain below 6x after
the recent IPO. The rating also reflects PPD's position as a
top-three global contract research organization which can serve
large pharmaceutical companies as well as small and mid-sized
biotech companies. The positive outlook reflects that we could
upgrade PPD if its financial policy becomes less aggressive and we
are convinced it will maintain leverage of less than 5.5x on a
sustained basis."



PREMIER PETROLEUM: Hires Joseph M. Banker as Accountant
-------------------------------------------------------
Premier Petroleum Investment, LLC, seeks authority from the U.S.
Bankruptcy Court for the Northern District of Mississippi to employ
Joseph M. Banker, as accountant.

Premier Petroleum requires Joseph M. Banker to:

   a. assume primary responsibility for the filing of necessary
      tax returns;

   b. prepare financial statements in accordance with the tax
      basis of accounting and apply accounting and financial
      reporting expertise to assist the Debtor in the
      presentation of financial statements; and

   c. provide other general accountant services as the Debtor may
      require from time-to-time.

Joseph M. Banker will be paid based upon its normal and usual
hourly billing rates. The firm will also be reimbursed for
reasonable out-of-pocket expenses incurred.

Joseph M. Banker, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Joseph M. Banker can be reached at:

     Joseph M. Banker
     1906 Exeter Road, Suite 1
     Germantown, TN 38138-2900
     Tel: (901) 309-9495
     Fax: (901) 309-9446
     E-mail: joe@joebankercpa.com

               About Premier Petroleum Investment

Premier Petroleum Investment, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Miss. Case No. 20-11596) on April 20, 2020,
disclosing under $1 million in both assets and liabilities.  The
Debtor hired Armistead Law, PLLC, and the Law Offices of Craig M.
Geno, PLLC, as counsel.



PURE BIOSCIENCE: Inks Exclusive Distribution Partnership with PSSI
------------------------------------------------------------------
PURE Bioscience, Inc., and Packers Sanitation Services, Inc.
(PSSI), have entered into an exclusive multi-year distribution
partnership.  Under the terms of the agreement, PSSI will be the
exclusive distributor of PURE's EPA-registered PURE Hard Surface
disinfectant in the protein processing market.

PURE's Chairman and CEO Tom Y. Lee said, "We are pleased to partner
with PSSI, a company dedicated to the protection of its workforce,
while also providing a complete food safety solution in the U.S.
protein industry.  Our partnership with PSSI has dramatically
increased the number of end-use customers using PURE Hard Surface
and further validates the unique characteristics and value
proposition of SDC as a disinfectant solution."

"The safety profile and efficacy of PURE Hard Surface is
revolutionary in the contract sanitization industry.  We are
excited to partner with PURE Bioscience to bring a superior
user-friendly solution to the protein processing market," said Doug
Sharp, president of PSSI Chemical Innovations.  PSSI Chemical
Innovations is a division of PSSI dedicated to the science of food
safety.

PURE Hard Surface Superior Efficacy:

   * Eco-Friendly Sanitization Solution on Hard, Non-Porous,
     Environmental and Food Contact Surfaces

   * Fast and effective – quickly kills germs, including Human
     Coronavirus, Influenza, Listeria, Norovirus, Salmonella, E.
     coli and other pathogens – with kill times as fast as 30
     seconds

   * Eliminates both enveloped and non-enveloped viruses

   * No rinse required – including food contact surfaces

   * EPA-registered hospital disinfectant

   * Odorless and non-irritating with no hazard warnings on label

   * Ready-to-use; offers 24-hour residual protection, contains
     no bleach, ammonia, phosphates, phenols or VOCs (volatile
     organic compounds)

   * Lowest EPA toxicity rating – Category IV

Since 2011, the EPA has registered PURE Hard Surface disinfectant
to be effective on a wide range of pathogens, including:

   * Human Coronavirus, Influenza, Listeria, Norovirus,
     Salmonella and E. coli, and in a wide variety of
     environments, including:

   * Medical, food processing, food service, public
     transportation, home/children/pets, janitorial &
     institutional (schools, office buildings, prisons,
     government installations, etc.) and other areas.

Mode of Action - How It Works

SDC's rapid and broad-spectrum efficacy is largely attributed to
its dual mechanisms of action and unique characteristics.  PURE's
'Trojan Horse' mode of action video is available at
https://www.purebio.com/technology/silver-dihydrogen-citrate-sdc.htm.
When using PURE Hard Surface, one must follow the label
instructions for disinfecting hard surfaces to help ensure an
adequate kill step is achieved.

                     About PURE Bioscience

PURE Bioscience, Inc. -- http://www.purebio.com/-- is focused on
developing and commercializing its proprietary antimicrobial
products primarily in the food safety arena -- providing solutions
to the health and environmental challenges of pathogen and hygienic
control.  The Company's technology platform is based on patented,
stabilized ionic silver, and its initial products contain silver
dihydrogen citrate, or SDC.  SDC is a broad-spectrum, non-toxic
antimicrobial agent, which offers 24-hour residual protection and
formulates well with other compounds.  As a platform technology,
SDC is distinguished from existing products in the marketplace
because of its superior efficacy, reduced toxicity and mitigation
of bacterial resistance. PURE is headquartered in Rancho Cucamonga,
California (San Bernardino metropolitan area).

Mayer Hoffman McCann P.C., in San Diego, California, the Company's
auditor since 2007, issued a "going concern" qualification in its
report dated Oct. 29, 2019, citing 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.

PURE Bioscience recorded a net loss of $6.55 million for the year
ended July 31, 2019, compared to a net loss of $7.44 million for
the year ended July 31, 2018.  As of Jan. 31, 2020, the Company had
$1.47 million in total assets, $692,000 in total liabilities, and
$776,000 in total stockholders' equity.


RAVN AIR: Sets Bidding Procedures for Substantially All Assets
--------------------------------------------------------------
Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware will convene a hearing on May 27, 2020 at
11:00 a.m. (ET) to consider the proposed auction sale by Ravn Air
Group, Inc. and its debtor-affiliates of all, substantially all, or
some substantial portion of their Assets.

The hearing will be held telephonically or by a combination of
telephonically and video conference.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: June 17, 2020, at 12:00 p.m. (ET)

     b. Initial Bid: TBD

     c. Deposit: 10% of Purchase Price

     d. Auction: If the Debtors receive more than one Qualified
Bids, the Debtors will conduct an auction of the Assets at 10:00
a.m. on June 22, 2020, at the offices of Blank Rome LLP, located at
1201 N. Market Street, Suite 800, Wilmington, Delaware 19801, or
such other location, including by virtual meeting, as will be
timely communicated to all entities entitled to attend the Auction,
which Auction may be cancelled or adjourned.

     e. Bid Increments: $100,000

     f. Sale Hearing: June 24, 2020

     g. Sale Objection Deadline: June 17, 2020 at 4:00 p.m. (ET)

     h. The DIP Lenders will be permitted to credit bid in
accordance with the DIP Orders for purposes of submitting a bid.

The Sale to the Successful Bidder(s) will be free and clear of all
liens, claims, interests, and encumbrances.

The deadline to file the agenda for the Hearing will be extended to
May 26, 2020 at 12:00 p.m. (ET).

The deadline for all parties in interest to object or respond in
opposition to the relief sought in the motions and application
scheduled to be heard at the Hearing (other than with respect to
Committee’s deadline to object or respond to the Bidding
Procedures Motion) is extended to May 22, 2020 at 12:00 p.m. (ET).


The Committee's deadline to object or respond in opposition to the
Bidding Procedures Motion is May 25, 2020 at 12:00 p.m. (ET).   

Any reply or response to any objection(s) or response(s) to the
Bidding Procedures Motion is due by May 26, 2020 at 1:00 p.m. (ET)
or as soon thereafter as possible.  

A copy of the Bidding Procedures is available at
https://tinyurl.com/y99lxmfk from PacerMonitor.com free of charge.

                   About Ravn Air Group, Inc.

Ravn Air Group, Inc. -- https://www.flyravn.com/ -- was formed
through the combination of five Alaskan air transportation
businesses in 2009, creating the largest regional air carrier and
network in the state. Ravn owns and, until the COVID-19-related
disruptions, operated 72 aircraft at 21 hub airports and 73
facilities, serving 115 destinations in Alaska with up to 400 daily
flights. Until the COVID-19-related disruptions, Ravn Air Group and
its affiliates had over 1,300 employees (non-union), and it carried
over 740,000 passengers on an annual basis.

Ravn Air Group provides air transportation and logistics services
to the passenger, mail, charter, and freight markets in Alaska,
pursuant to U.S. Department of Transportation approval as three
separate certificated air carriers. Two of the carriers (RavnAir
ALASKA and PenAir) operate under Federal Aviation Administration
Part 121 certificates and the other (RavnAir CONNECT) operates
under an FAA Part 135 certificate. In addition to carrying
passengers, many of whom fly on Medicaid-subsidized tickets, other
key customers include companies in the oil and gas industry, the
seafood industry, the mining industry, and the travel and tourism
industries.

Ravn Air Group and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 20-10755)
on April 5, 2020. At the time of the filing, Debtors was estimated
to have assets of between and $100 million to $500 million and
liabilities of the same range.

Judge Brendan Linehan Shannon oversees the cases.

The Debtors tapped Keller Benvenutti Kim LLP as bankruptcy
counsel;
Blank Rome LLP as special corporate and local bankruptcy counsel;
Conway Mackenzie, LLC as financial advisor; and Stretto as claims
and noticing agent.



REDROCK CAMPS: Gets Initial Order Under CCAA Restructuring
----------------------------------------------------------
An order was granted by the Honourable Madam Justice B.E. Romaine
of the Court of Queen's Bench of Alberta pursuant to the Companies'
Creditors Arrangement Act granting Redrock Camps Inc., Sockeye
Enterprises Inc., Sweetwater Hospitality Inc. and Baldr
Construction Management Inc. various relief including, but not
limited to, the imposition of an initial Stay of Proceedings
against the Redrock Group and its assets through to May 25, 2020.

The Court appointed BDO Canada Limited as the monitor of the
Redrock Group.

Pursuant to the CCAA Initial Order, the Redrock Group is to
continue to carry on business in a manner consistent with the
commercially reasonable preservation of its business and assets
while it engages in a Court supervised Sale and Investment
Solicitation Process.

The CCAA Initial Order also allows the opportunity for a plan of
arrangement or compromise to be prepared and filed with the Court
for the consideration of the Redrock Group's creditors.

The CCAA Initial Order provides that claims against the Redrock
Group for payment for goods and services supplied to the Redrock
Group prior to May 13, 2020, are suspended and creditors are
prohibited from continuing or taking any actions or exercising any
rights against the Redrock Group, or the Monitor, except with leave
of the Court.

The Monitor can be reached at:

         BDO Canada
         Attn: Marc Kelly
         110, 5800 - 2nd Street SW
         Calgary, Alberta T2H 0H2   
         Tel: 403-536-8510
         Fax: 403-640-0591
         E-mail: makelly@bdo.ca

Counsel to the Monitor:
         
         MLT Aikins
         Attn: Ryan Zahara
         222 - 3rd Ave SW, Suite #2100
         Calgary AB T2P 0B4
         Fax: 403-508-4349
         E-mail: rzahara@mltaikins.com

Counsel to Companies:

         Osler, Hoskin & Harcourt LLP
         Attn: Randal Van de Mosselaer
         450 - 1st Street SW, Unit #2500
         Calgary AB T2P 5H1
         Fax: 403-260-7024
         E-mail: rvandemosselaer@osler.com

Redrock Camps Inc. -- https://www.redrockcamps.com/ -- operates a
company engages in cutting timber and producing wood raw materials.


ROBERT MICHELENA: Trustee's Auction/Private Sale of Assets OK'd
---------------------------------------------------------------
Judge Eduardo V. Rodriguez of the U.S. Bankruptcy Court for the
Southern District of Texas authorized the proposed public auction
and/or private sale by Catherine Stone Curtis, the Chapter 11
Trustee of Robert Marcus Michelena, of the following assets: (a)
Shotgun - Browning Citori 20 guage 12478 pr 163, Winchester Ranger
L1610827, Remington 870 r591579a, Remington 870 RS94573A, Stoeger
Stage 380318, CZ Over/Under, CZ Over/Under, 30 Carbine Universal
33583448, 30 carbine 6715495, AK Romanian 1971-c2-4826, AK Sporter,
Colt M4 CJC007910, Pistols Ruger Single six, Kimber 9mm k03249,
Ruger 500 47-99719, XDM Armory 40 MG15 2420, XDM Armory 45 US
748221, Glock 22 40 cal CRU 201US, Glock 19 9mm DNN 453, Kimber
10mm KF05680, Smith & Wesson 41 N902203571, Ruger 44 530-18373,
Smith & Wesson 44 N749349, Gen Tec Ruger 22 214-63908 Silenced,
Rifles: Rem 700-7mm-08 F6233751, Rem 700 22-250 E67-10046, Rem 700
308 e6469619, Rem 700338-06 E6530399, Rem 700 221 Fireball
56475723, Browning 22 Hornet 4723369, Rem 700 350, Rem 7787071, Rem
700 220 Swift C6759927, Browning 300 31357MV351, Ruger 223
78344041, Lever Guns: Winchester 357, and Marlin 45-70; and (b) as
picked up by Daniel Jennings, Auctioneer, on Jan. 17, 2020 -
Remington 700 .388 SN #D6801104, and CZ Wingshooter 20ga SN
#12P1677.

The sale will be free and clear of all liens, with all valid and
unavoidable liens to attach to the proceeds of sale.

The sale will be within 21 days after filing of the Application to
Sell, or upon entry of the Court Order.

The property will be advertised for sale online at
http://elcoauctions.hibid.com/.

Fifteen percent of the gross sales price with a 10% buyer's premium
to be retained by the auctioneer if sold by auction or 10% of the
gross sales price, plus reasonable expenses, if brokered and/or if
sold by individual sale.

The Trustee is authorized to pay the auctioneers fee as set forth.
The Court finds that the costs of sale required by the sale
constitute reasonable and necessary costs and expenses of
preserving or disposing of the Property, and are beneficial to the

estate and any secured creditor.

Robert Marcus Michelena sought Chapter 11 protection (Bankr. S.D.
Tex. Case No. 19-70068) on March 4, 2019.  The Debtor tapped
Richard O. Habermann, Esq., as counsel.



ROCKY MOUNTAIN: Agrees to Settle with TWC for 17.5M Common Shares
-----------------------------------------------------------------
Rocky Mountain High Brands, Inc.'s Board of Directors approved a
Settlement Agreement and Release with Texas Wellness Center, Inc.
Under contract with TWC, the Company supplied approximately 200,000
cans of Green Lotus Sparkling Water to TWC.  In producing these
canned beverages, the Company received ingredients from TWC and
purchased 200,000 can bodies and lids from Berlin Packaging. The
Company delivered the canned beverages and TWC made payment to the
Company of $246,779 against the total price of $322,000.  In
addition, the ingredients supplied by TWC had a value of
approximately $150,000.  After delivery of the cans of sparkling
water, they were found to be leaking and were unsaleable by TWC.

Under the Agreement, the Company settled all claims by TWC relating
to this incident on the following material terms:

   * The Company agreed to issue 17,500,000 shares of its common
     stock to TWC and/or its affiliated designees;

   * The Company agreed to pay TWC 30% of any recovery it may
     obtain from Berlin Packing and/or its suppliers in the
     future;

   * The Company agreed to indemnify TWC for any third-party
     claims related to the incident in excess of $10,000; and

   * The Company exchanged mutual releases with TWC.

The 17,500,000 shares of common stock to be issued to TWC in
connection with the Agreement were issued in a private transaction
to a single entity.  The Company did not engage in any general
solicitation or advertising in connection with this issuance.
Accordingly, the stock issuance as described above was exempt from
registration under Section 4(a)(2) of the Securities Act.

                     About Rocky Mountain

Rocky Mountain High Brands, Inc. is a lifestyle brand management
company that markets primarily CBD and hemp-infused products to
health-conscious consumers.  The Company's products span various
categories including beverage, food, fitness, and skin care.  RMHB
also markets a naturally high alkaline spring water and a
water-based protein drink with caffeine and B vitamins.  All
products comply with federal regulations on hemp products and
contain 0.0% tetrahydrocannabinol (THC), the psychoactive
constituent of cannabis.

Rocky Mountain reported a net loss of $3.35 million for the year
ended Dec. 31, 2018, compared to a net loss of $11.64 million for
the year ended Dec. 31, 2017.  As of Sept. 30, 2019, the Company
had $1.13 million in total assets, $2.17 million in total current
liabilities, and a total shareholders' deficit of $1.04 million.

Prager Metis CPA's LLC, in Hackensack, New Jersey, the Company's
auditor since 2018, issued a "going concern" qualification in its
report dated April 12, 2019, citing that the Company has a
shareholders' deficit of $702,555, an accumulated deficit of
$35,018,351 as of Dec. 31, 2017, and has generated operating losses
since inception.  These factors, among others, raise substantial
doubt regarding the Company's ability to continue as a going
concern.


SMI COMPANIES: Hires Weinstein & St. Germain as Attorney
--------------------------------------------------------
SMI Companies Global, Inc., seeks authority from the U.S.
Bankruptcy Court for the Western District of Louisiana to employ
Weinstein & St. Germain, LLC, as attorney to the Debtor.

SMI Companies requires Weinstein & St. Germain to give the Debtor
legal advice with respect to the Debtor's powers and duties as
Debtor-in-possession in the continued operation of the Debtor's
business and management of the Debtor's property, and to perform
all legal services for the Debtor-in-possession which may be
necessary herein.

Weinstein & St. Germain will be paid based upon its normal and
usual hourly billing rates. The firm will also be reimbursed for
reasonable out-of-pocket expenses incurred.

Tom St. Germain, partner of Weinstein & St. Germain, LLC, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Weinstein & St. Germain can be reached at:

     Tom St. Germain, Esq.
     WEINSTEIN & ST. GERMAIN LLC
     1414 NE Evangeline Thruway
     Lafayette, LA 70501
     Tel: (337) 235-4001

                 About SMI Companies Global

SMI Companies Global, Inc., based in Franklin, LA, filed a Chapter
11 petition (Bankr. W.D. La. Case No. 20-50419) on May 20, 2020.
In the petition signed by Vaughn S. Lane, president, the Debtor
disclosed $20,924 in assets and $1,585,039 in liabilities.  The
Hon. John W. Kolwe oversees the case.  Tom St. Germain, Esq., at
Weinstein & St. Germain, LLC serves as bankruptcy counsel to the
Debtor.




SOUND INPATIENT: S&P Alters Outlook to Stable, Affirms 'B' ICR
--------------------------------------------------------------
S&P Global Ratings revised its outlook on Sound Inpatient
Physicians Holdings LLC to stable from negative and affirmed all of
its ratings on the company, including its 'B' issuer credit
rating.

Improved cash flow aided by strategic initiatives and better BPCIA
performance.  S&P said, "The company's cash flow has been better
than we expected and we believe it will remain so for the rest of
2020 despite the disruption stemming from the coronavirus pandemic.
Sound's discretionary cash flow in 2019, including the BPCIA net
payment it received in the first quarter of 2020 but earned in
2019, was about $45 million while its adjusted free operating cash
flow (FOCF)-to-debt ratio was about 5.3%. We believe the company
has implemented the appropriate initiatives to grow its business
and margins, which supports our forecast for a better BPCIA
performance in 2020 (partly through improved bundle selections and
increased experience with the program)."

The coronavirus pandemic will have only a modest adverse effect on
the company's operations and financial results.  Sound generates
approximately 86% of its contribution margin from hospitalist
staffing. Although the demand for hospitalists declined by about
30% during the peak of the pandemic in mid-April, the company was
able to quickly lower its variable staffing costs to minimize the
financial impact. Conversely, in its critical care business, which
accounts for about 6% of its contribution margin, the company
reported a moderate volume increase. Overall, S&P expects the
pandemic to continue to subside without a second wave and
anticipate that it will reduce Sound's 2020 EBITDA by $10 million.

Relationship with Optum potentially lowers the risk for significant
contract rate reductions by UnitedHealthcare.  Optum, a unit of
UnitedHealthcare, owns a minority interest in Sound and S&P
believes this relationship could insulate the company from
significant reimbursement cuts by UnitedHealthcare. Still, Sound
faces the continued risk of cuts from other large health insurers.

Liquidity should be sufficient over the next 12 months.  S&P
believes Sound has adequate liquidity over the next 12 months based
on its current cash balance, which includes the draw-down of its
revolving credit facility, government grant money from the
Coronavirus Aid, Relief, and Economic Security (CARES) Act, and
advanced Medicare payments from the Centers for Medicare & Medicaid
Services (CMS). In addition, S&P believes the company has the
ability to quickly lower its variable costs and note that its
operating model requires minimal fixed costs and capital
expenditure.

Environmental, social, and governance (ESG) factors relevant to the
rating action:  

-- Health and safety

S&P said, "The stable outlook reflects our expectation that Sound
will report steady single-digit percent organic revenue growth from
new contracts and increased participation in the BPCIA program amid
a relatively stable reimbursement environment. We expect the
company's adjusted leverage to remain above 5x over the next two
years and anticipate that its annual discretionary cash flow will
exceed $25 million.

"We could lower our rating on Sound if its revenue is weaker than
we expect without offsetting cost-cutting measures. This could
occur due to greater pricing pressure from hospitals, adverse
reimbursement changes, an inability to obtain new contracts, or
challenges with its participation in the BPCIA program. In
addition, the company's revenue could be weaker than we forecast if
the coronavirus pandemic has a greater-than-expected effect on its
performance. Under such a scenario, we would expect Sound's EBITDA
margins to contract by about 150 basis points (bps)-200 bps
relative to our base case for 2020, reducing its discretionary cash
flow below $20 million and its FOCF-to-debt ratio to less than
2.5%.

"Although an upgrade is unlikely over the next year, we could
consider raising our rating on Sound if it reduces its leverage
below 5x while sustaining a FOCF-to-debt ratio of more than 12%. We
would also need to be confident that the company can sustain
leverage below that threshold and adhere to a financial policy that
is consistent with maintaining its improved credit measures on an
ongoing basis before raising our rating."


SOUTHEASTERN METAL: Files Amended Liquidating Plan
--------------------------------------------------
Debtors Southeastern Metal Products LLC (SEMP) and SEMP Texas LLC
(SEMP Texas) together with the Official Committee of Unsecured
Creditors (Plan Proponents) filed the Amended Disclosure Statement
with respect to the Amended Joint Plan of Orderly Liquidation of
the Debtors and the Official Committee of Unsecured Creditors dated
May 5, 2020.

The Debtors propose to liquidate under chapter 11 of the Bankruptcy
Code.  Pursuant to chapter 11, a debtor may either reorganize or
liquidate its business and assets for the benefit of its parties in
interest holding allowed claims and interests.  The manner and
process for such  a  liquidation is now the principal purpose of
the Chapter 11 cases,  primarily as a result of the effect of the
pandemic caused by the novel coronavirus known as COVID-19.  The
Debtors are currently not manufacturing any goods, but are
operating on a limited basis, for the  purpose of completing
delivery of all finished product currently in their possession to
customers in an effort to  minimize, as much as is  possible, any
disruption to its customers.  The Debtors also are working to
secure payment of receivables due and owing to the Debtors, which
as of the date of this Disclosure Statement are in the amount of
approximately $2,400,000.  The Debtors anticipate collection of at
least $2,400,000 of receivables before July 1, 2020.  Moreover, the
Debtors are actively  negotiating with private parties for the sale
of all personal property,  including machinery and equipment.  In
the event that the Debtors are not able to find private party
purchasers, the Plan Administrator will engage an auctioneer to
conduct a public or private auction of such property, with the
proceeds to be distributed by the Plan Administrator in accordance
with the Plan.

Class 2 Fairview Loans IV LLC Secured Claim has a projected
recovery of 100 percent. Provided that the Debtors have complied
with the terms regarding the Fairview Claim, so long as the
Fairview Claim is indefeasibly paid in full in cash on or before
December 31, 2020, then, upon payoff, SEMP shall receive a credit
against the payoff amount equal to the difference between the full
payoff amount less the amount of the Fairview Claim if it had
accrued interest for the six (6) month period immediately preceding
the payoff date at the rate of 5.5% per annum.

Class 4 Unsecured Creditors owed $5.792 million will recover 10
percent.
Unsecured creditors will each receive a cash payment equal to its
pro rata share of the distributable cash available after the
payment in full of all Allowed Unclassified Claims and Allowed
Class 1 and Class 2 Claims.

A full-text copy of the Amended Disclosure Statement and Amended
Liquidating Plan dated May 5, 2020, is available at
https://tinyurl.com/y9u2xoq5 from PacerMonitor at no charge.

Counsel to the Debtors:

         WEIR & PARTNERS LLP
         Jeffrey S. Cianciulli, Esquire
         Bonnie R. Golub, Esquire
         824 Market Street, Suite 800
         Wilmington, DE 19899
         Telephone: (302) 652-8181
         Telecopy: (302) 652 8909
         E-mail: jcianciulli@weirpartners.com
                 bgolub@weirpartners.com

             About Southeastern Metal Products

Southeastern Metal Products LLC is a contract manufacturing company
that specializes in fabrication and stampings for various
industries including telecommunications, transportation, appliance
and health and safety industries.

Southeastern Metal Products and its affiliates SEMP Texas, LLC and
Hospital Acquisition LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-10998) on May 6,
2019. At the time of the filing, Southeastern Metal disclosed
assets of between $1,000,001 and $10 million and liabilities of the
same range. SEMP Texas had estimated assets of less than $1 million
and liabilities of less than $500,000 while Hospital Acquisition
had estimated assets of less than $50,000 and liabilities of less
than $50,000.  

The Debtors hired Weir & Partners LLP as counsel; Finley Group as
financial advisor; and Omni Management Group as claims and noticing
agent.

Andrew Vara, acting U.S. trustee for Region 3, appointed an
official committee of unsecured creditors on May 20, 2019.
Lowenstein Sandler LLP is the committee's legal counsel.


STEEL CITY POPS: Bid to Vacate Authorized Sale of All Assets Denied
-------------------------------------------------------------------
Judge D. Sims Crawford of the U.S. Bankruptcy Court for the
Northern District of Alabama denied the request of Mark Hicks,
Peter Burke, David Hicks, and Mark Helm for relief from judgment or
to order, alter, amend, or vacate the order authorizing the sale by
Steel City Pops Holdings, LLC and its debtor-affiliates of
substantially all assets to SCP Coldworks, LLC, pursuant to their
Asset Purchase Agreement.

Among other things, the Court finds that the Movants have not shown
that inclusion of the successor liability provision or any other
provision in the Sale Order is manifestly erroneous either as a
matter of fact or law.  And because the Sale Order mimics
provisions that are standard fare for Section 363 sales, the Court
is not inclined to ascribe error where none has been specifically
identified.  And, contrary to the purpose of Rule 59, the Movants
have sought relief based on arguments and suppositions already put
before the Court.

Nor have the Movants proffered clear and convincing evidence that
the Debtors were "gaming the system;" the Movants conclude so, but
they do not evince it.  There is also no clear and convincing
evidence of bad faith.

Accepting their allegations as true, the Movants loaned money to
Mr. Watkins for investment in Steel City Pops and they want to be
repaid. And their gripe is understandable under that scenario.  But
it is not enough to undo the sale or alter or amend the Sale Order.
The Movants are not the only creditors, or even the largest
creditors, in the chapter 11 case.  The Court approved the sale
with an eye on protecting the interests of all parties in interest
and ensuring that the sale was not for an illegitimate purpose.
There is no genuine injustice or manifest error to warrant the
extraordinary relief the Movants seek.  Nor is there evidence that
the sale was an improper plan, devised to deprive the Movants of a
remedy and to foreclose future relief based on equitable and
statutory mootness.

Furthermore, the Movants have not articulated a specific chapter 11
right or protection that was denied by the sale.  The reality, and
what the evidence substantiates, is that the business was up to its
eyeballs in debt and going nowhere fast by trying to sell popsicles
during the colder months.  Further, the credit bid for the sale of
the business was not the greatest deal ever, but it was the only
deal.  Dire straits notwithstanding, the Court authorized the sale
only upon evidence of good faith, good business reasons and sound
justification, proper notice with an opportunity to object and
present evidence, and a fair and reasonable purchase price.  

Because the equities do not compel overriding the finality of the
Sale Order, the Court denied the Motion for Relie.

                About Steel City Pops Holdings

Steel City Pops Holding, LLC, and its affiliates sought Chapter 11
protection (Bankr. N.D. Ala. Lead Case No. 19-04687) on Nov. 14,
2019.

In the petitions signed by James Allen Watkins, president, Steel
City Pops Holding was estimated to have assets of $1 million to $10
million and  liabilities of $500,000 to $1 million; Steel City Pops
B'ham was estimated to have assets of $0 to $50,000 and liabilities
of $50,000 to $100,000; Steel City Pops DTX was estimated to have
assets of up to $50,000 and liabilities of $50,000 to $100,000;
Steel City Pops FWTX was estimated to have assets of $0 to $50,000
and liabilities of $0 to $50,000; and Steel City Pops LKY was
estimated to have assets of $0 to $50,000 and liabilities of $0 to
$50,000.

The Hon. D. Sims Crawford oversees the cases.

Lee R. Benton, Esq., at Benton & Centeno, LLP, serves as
bankruptcy
counsel to the Debtors.


TELEFLEX INC: S&P Rates New Senior Unsecured Notes 'BB'
-------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating to Teleflex
Inc.'s proposed senior unsecured notes. S&P expects the company to
use the proceeds to partially repay its current revolver
borrowings. S&P's 'BB+' issuer credit rating and stable outlook on
Teleflex are unchanged by the debt issuance.

S&P's rating on Teleflex reflects the company's good product and
geographic diversification, recurring revenues given its
significant portfolio of single-use products, broad customer base,
and improving profitability as the company expands into high-margin
specialized products. The commodity-like nature of products in
Teleflex's legacy business lines and competition with larger and
financially stronger peers partially offset those factors. The
rating also reflects S&P's expectation that the company's balanced
financial policy will result in long-term S&P Global
Ratings-adjusted leverage sustained below 3.5x.

S&P said, "While Teleflex's leverage may increase to or modestly
above 3.5x in 2020 because of COVID-19-related headwinds, our
current base-case forecast assumes the pandemic's impact will
largely be limited to fiscal year 2020 and followed by subsequent
leverage improvement to below 3.5x in 2021. The company's operating
performance in the first quarter of fiscal 2020 was generally in
line with our projections and reflected only limited impact from
the pandemic." Teleflex's revenue grew about 2.8%, despite the
COVID-19-related headwinds in Asia-Pacific throughout the quarter
and those in the North America and Europe primarily in the last two
weeks of March, by which point the coronavirus outbreak had spread
globally.

S&P said, "We assess that about one-third of the company's revenues
are tied to procedures that could be considered elective, and thus,
we expect a more significant impact on Teleflex's earnings and cash
flow in the second and third fiscal quarters of 2020. We foresee
procedure volumes catching up somewhat in fourth-quarter 2020, but
the recovery pace will depend on surgeons' and hospitals' capacity
to perform additional procedures. Our current base case
conservatively reflects a mid-single-digit percent revenue decline
and an adjusted EBITDA margin decline of about 300-400 basis
points. Incorporating contingent consideration payments of about
$140 million the company made in first-quarter 2020 and dividends
of about $60 million, we project discretionary cash flow below $100
million in 2020. Under these assumptions, and reflecting a $265
million acquisition that Teleflex made in first-quarter 2020, we
forecast Teleflex's leverage may temporarily increase to or
modestly above 3.5x in 2020.

"Our stable outlook reflects our view that once governments relax
restrictions on movement and most medical procedures resume,
Teleflex should be able to restore its S&P Global Ratings-adjusted
leverage to below 3.5x and return to normalized free cash flow
generation in 2021."

Issue Ratings - Recovery Analysis

Key analytical factors

-- Teleflex's capital structure, pro forma for the proposed
issuance, will consist of a $1 billion revolver due in April 2024,
$673 million outstanding first-lien secured term loan due in April
2024, $400 million senior unsecured notes due in 2026, $500 million
senior unsecured notes due in 2027, and a proposed issuance of $500
million senior unsecured notes due in 2028. S&P also incorporates
the company's outstanding $75 million securitization program in its
analysis.

-- S&P's simulated default scenario contemplates a default in
2025. In its default scenario, S&P estimates EBITDA would decline
drastically, stemming primarily from increased competition and
product recalls or other significant operational disruptions.

-- S&P assumes the revolver will be 85% drawn and LIBOR of 250
basis points at default, following deterioration and a covenant
breach.

-- Given the strength of its brand name and broad product
portfolio, S&P believes Teleflex would reorganize in the event of
default. S&P therefore value the company on a going-concern basis
using a 6x multiple of our projected emergence EBITDA.

Simulated default assumptions

-- Simulated year of default: 2025
-- EBITDA at emergence: $244 million
-- EBITDA multiple: 6x
-- Jurisdiction: U.S.

Simplified waterfall

-- Net enterprise value after 5% administrative costs: $1.39
billion
-- Valuation split (obligors/nonobligors): 55%/45%
-- Priority claims: $78 million
-- Collateral value available to secured creditors: $1.1 billion
-- Secured first-lien debt: $1.3 billion
-- Total value available to unsecured claims: $219 million
-- Unsecured claims (including first-lien deficiency claim): $1.64
billion
-- Recovery expectations: 10%-30% (rounded estimate: 10%)
All debt amounts include six months of prepetition interest.


THREESQUARE LLC: $425K Sale of Martinsburg Property to 125 East OKd
-------------------------------------------------------------------
Judge Frank W. Volk of the U.S. Bankruptcy Court for the Northern
District of West Virginia authorized Threesquare, LLC's sale of the
real property located at W. King Street (City Hall), E 1/2 Lot 115,
Martinsburg district, Berkeley County, West Virginia, and more
commonly known as 224 W. King Street, Martinsburg, West Virginia,
to 125 East King Street, LLC for $425,000.

The Property is being sold on an "As Is, Where Is" basis, and free
and clear of all liens, claims, encumbrances, pledges, security
interests, and charges of whatever type or description.  All valid
liens, claims, encumbrances, pledges, security interests and
charges against the Real Property, will attach to the proceeds of
the sale of the Real Property.

The Debtor is authorized to pay any reasonable and necessary
expenses incurred to consummate the sale of the Real Property,
including payment to the United States Trustee its quarterly fee of
$4,875 and realtor fees.

The Debtor is authorized to pay lien held by Auditor in the amount
of $16,640.

The Debtor will be, and is, authorized to distribute the remaining
proceeds after closing costs and expenses, of the sale of the Real
Property upon consummation of the sale to United Bank and the West
Virginia Economic Development authority to be divided between them
pursuant to their agreement.  The payment will be in full
satisfaction of the liens held by United Bank and the West Virginia
Economic Development Authority.  United Bank and West Virginia
Economic Development Authority, receiving less than their filed
liens, have consented and agreed to the sale pursuant to 11 USC 363
(f).

The sale is sell is free of all liens and encumbrances held by
Matador Solar Partners, Inc., pursuant to 11 USC 363 (f).

A copy of the Contract is available at https://tinyurl.com/uyeez2f
from PacerMonitor.com free of charge.

                     About ThreeSquare LLC

ThreeSquare, LLC filed a Chapter 11 bankruptcy petition (Bankr.
N.D. W.Va. Case No. 19-00975) on Nov. 12, 2019.  The Debtor was
estimated to have $500,001 to $1 million in assets and less than
$10 million in liabilities.  Judge Frank W. Volk oversees the case.
The Debtor hired Turner & Johns, PLLC, as its legal counsel.


TRAVEL LEADERS: S&P Cuts ICR to 'B-'; Ratings Remain on Watch Neg.
------------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Travel
Leaders Group LLC (TLG) by one notch to 'B-' from 'B'. S&P has
also lowered the issue rating on the senior secured credit facility
to 'B-' from 'B'.

The downgrade reflects the sharp increase in TLG's expected
leverage stemming from the steep decline in demand for travel due
to the coronavirus pandemic and uncertainty surrounding the timing
and pace of global travel industry recovery.   TLG's travel
business remains shut down, and it is burning about $15 million a
month.

S&P said, "We expect TLG will likely continue to burn cash until
the second half of 2020, when business and leisure travel could
resume at significant enough volumes to generate positive cash flow
later in the year. We also assume TLG will end the year with about
$50 million in incremental debt compared with 2019 because of its
cash burn."

As long as TLG retains a healthy agent network and successfully
restarts its business, its scale should be valuable to travel
partners when the industry begins to recover. The travel industry's
recovery could be slowed by extended travel restrictions, lingering
consumer apprehensions, and weak discretionary and business
spending. The coronavirus pandemic could spur a longer-term secular
decline in business travel if videoconferencing reduces the need
for in-person activities for an extended period. Additionally,
although restrictions are beginning to loosen in many parts of the
world, a second wave of the pandemic later in 2020 or 2021 could
present a substantial impediment to recovery. Thus, S&P believes an
eventual travel industry recovery could be slow and uneven, and
distressed industry conditions could be prolonged.

TLG's liquidity is less than adequate because projected uses may
exceed current sources over the next 12 months.   

S&P said, "We believe the company has about $100 million
unrestricted cash on hand, including the fully drawn $50 million
revolving credit facility. Until travel restrictions are lifted and
consumer confidence returns, we expect TLG will burn cash and take
all possible liquidity-preserving actions. These so far include
eliminating discretionary capital expenditures, reducing workforce,
and implementing a four-day work week. It is plausible the company
may bolster liquidity because of its potential eligibility for
government lending programs and our belief TLG has good
relationships with its banks. If it cannot add incremental
liquidity to weather the crisis and travel does not recover in the
near term so the company can begin generating positive cash flow,
we would likely lower the rating further."

TLG relies on discretionary spending and is exposed to event risk
related to contagious illness, violence, extreme weather, or
terrorism that can lower travel volumes.   In addition, the company
has limited geographic and business diversity compared with other
global leisure companies. TLG's solid position in the niche
high-end corporate and luxury leisure travel segment, as well as
good relationships with affluent clients and suppliers (including
airlines, hotels, and cruise lines) that partially mitigate these
factors. Although historically a strength, TLG's concentration in
high-end corporate and luxury leisure travel could be an impediment
to operating improvement if these segments are slower to recover.

TLG is exposed to technology and disintermediation risk, which is
partially mitigated by its broad service offerings.

S&P said, "We view technological disruption and the potential for
disintermediation in the traditional travel agency business as key
risk factors. We think it continues to get easier for consumers to
book travel online. However, TLG's strategy to acquire scale drives
higher volumes to key suppliers and an increasing breadth of
services to consumers. We believe this partially mitigates the
disintermediation risk and can help preserve margin despite the
associated integration risk."

S&P said, "We view TLG's strategic marketing agreement with
American Express favorably.   The five-year contract provides for
minimum annual payments to TLG. In return, TLG's travel agents will
have the opportunity to help expand distribution of American
Express credit cards and fulfill travel bookings for some American
Express customers, among other benefits. Overall, we believe the
agreement is a credit positive for TLG due to fixed minimum
payments from American Express and potential additional EBITDA if
TLG achieves certain performance targets. However, there is some
execution risk that makes us uncertain whether the contracted
payments will recur beyond the initial five-year period."

Environmental, social, and governance (ESG) credit factors for this
credit rating change:  

-- Health and safety

CreditWatch

S&P said, "We could lower the rating further over the next few
months, or sooner, if the travel shutdown and accompanying cash
burn further depletes cash balances and TLG does not add
incremental liquidity. We could also lower the rating if the
company violates its covenant and impairs its liquidity. We could
also lower the rating if an extended shutdown and cash burn
significantly increases debt in a manner that causes us to believe
the capital structure would become unsustainable. Additionally, we
could lower the rating if we lose confidence that the travel
industry could recover in the second half of 2020 and 2021 so TLG
could begin to sustainably generate positive cash flow."

TLG is a travel agency organization operating under a variety of
divisions and brands. Through some 6,000 agencies and more than
40,000 commission-based agents, the company focuses on high-end
corporate and luxury leisure travel.

S&P Global Ratings acknowledges a high degree of uncertainty about
the rate of spread and peak of the coronavirus outbreak.

S&P said, "Some government authorities estimate the pandemic will
peak about midyear, and we are using this assumption in assessing
the economic and credit implications. We believe the measures
adopted to contain COVID-19 have pushed the global economy into
recession. As the situation evolves, we will update our assumptions
and estimates accordingly."

S&P said, "We expect significant parts of the travel industry will
be largely shut down through the end of the second quarter. We
expect business and leisure travel could resume in the third
quarter, although with potential hurdles. Under our current base
case, we expect TLG's revenues to decline 60%-70% in 2020 compared
with 2019. In 2021, we expect a slow recovery through the first
half with revenue remaining below 2019 levels in 2021.

"We expect announced cost cuts will not be significant enough to
offset lost revenues and that EBITDA will be negative in 2020. We
assume margin could begin to substantially recover in 2021 because
of the company's variable cost base, but that adjusted EBITDA will
be around 15%-20% lower in 2021 compared with 2019.

"Our base-case forecast assumes the $50 million revolving credit
facility will remain fully drawn at year-end 2020 or that the
company will undertake an incremental debt issuance of the same
amount, which is not repaid in 2021."

Based on these assumptions, S&P arrives at the following credit
metrics:

-- Negative funds from operations to debt in 2020, improving to
the mid-single–digit percentages in 2021.

-- Negative EBITDA coverage of interest expense in 2020, improving
to around 2x in 2021.

-- Negative lease-adjusted debt to EBITDA in 2020, improving to
7x-8x in 2021.

TLG's liquidity is less than adequate because projected uses may
exceed sources over the next 12 months.

S&P said, "We expect the company has about $100 million
unrestricted cash on hand, including the fully drawn $50 million
revolving credit facility. We believe it will continue to burn
about $15 million month while the travel downturn persists."

Unless the company gets a waiver from its lenders, disruption to
its business from the coronavirus will likely raise TLG's leverage
above the 4.5x maximum net leverage covenant under its revolving
credit facility on the June 30 measurement date, which springs when
the revolver draw exceeds 35% of the total commitment.

The company's credit agreement provides for a covenant holiday in
the case of a "travel MAC", a material adverse change in travel
resulting from public declarations or emergency travel advisories
by the International Civil Aviation Organization or World Health
Organization, and has a material and disproportionate adverse
impact on the travel or tourism industry. Under the terms of the
credit agreement, the covenant is waived for two months. S&P
believes TLG likely would waive the covenant for the second quarter
of 2020 by invoking the travel MAC clause. If TLG unexpectedly
cannot, S&P believes its lenders would otherwise waive the
covenant.

S&P said, "Our issue-level rating on TLG's senior secured debt is
'B-'. The senior secured credit facility consists of the $50
million cash flow revolver due in 2022 and $622 million
(outstanding) term loan due in 2024. The recovery rating is '3',
which indicates our expectation for meaningful recovery (50%-70%;
rounded estimate: 50%) in a payment default.

"Our simulated default scenario contemplates a default in 2021,
driven by significant decline in overall travel demand due to the
pandemic. We assume a reorganization following default, using an
emergence EBITDA multiple of 5.5x to value the company, due to
highly variable travel patterns over the economic cycle--partially
offset by TLG's exposure to wealthy clients."

-- Year of default: 2021
-- EBITDA at emergence: $68 million
-- EBITDA multiple: 5.5x
-- Cash flow revolver: $100% drawn at default
-- Emergence EBITDA: $68 million
-- Multiple: 5.5x
-- Gross recovery value: $375 million
-- Net recovery value for waterfall after administrative expenses
(5%): $356 million
-- Estimated secured debt: $690.4 million
-- Value available for first-lien claim: $356 million
-- Recovery expectation: 50%-70% (rounded estimate: 50%)

All debt amounts include six months of prepetition interest.


TUMBLEWEED TINY: Proposes a Sale of 4 Vehicles
----------------------------------------------
Tumbleweed Tiny House Co., Inc., asks the U.S. Bankruptcy Court for
the District of Colorado to authorize the sale of the following
vehicles: (i) 2016 Ford F-350 Pickup Truck, VIN 1FD8W3HT9GEA74253
(estimated value of $33,950 and approximate payoff amount of
$16,200); (ii) 2014 Ford F-250 Pickup Truck, VIN 1FT7X2EEB18550
(estimated value of $23,995 and approximate payoff amount of
$15,700); (iii) 2015 Ford F-350 Pickup Truck, VIN 1FT8W3DT7FEA57766
(estimated value of $24,999 and approximate payoff amount of
$8,100); and (iv) 2015 Dodge Ram 5500 Pickup Truck, VIN
3C7WRNFL9FG539383 (estimated value of $21,500 and approximate
payoff amount of $14,200).

In furtherance of its efforts and to repay prepetition creditors
through a plan of reorganization, the Debtor has streamlined
operations.  As a result, it no longer needs certain vehicles that
it currently owns.  The Debtor asks Court authority to sell the
same under Sections 363(b)(1) and (f)(3) of the Bankruptcy Code.

The Vehicles are each encumbered by a purchase money security
interest with the approximate payoffs amount listed above still due
and owing for each of the Vehicles.  The loan for the 2016 Ford
F-350, 2014 Ford F-250, and 2015 Ford F-350 are with Ford Motor
Credit Co.  The loan for the 2015 Ram 5500 is with Ally Bank.

The Debtor asks authority to sell the Vehicles free and clear of
all liens and pursuant to its business judgment pursuant to
Sections 363(b)(1) and (f)(3) by listing them for sale in several
classified advertisements and online marketplaces.  It will not
sell the Vehicles for an amount less than 80% of estimated value
set forth or the payoff amount of the liens at the time of sale,
whichever is greater.  The liens of the purchase money security
interest holder(s) will be satisfied immediately out of the
proceeds of sale.

The proposed method of selling Vehicles should be approved in the
case.  In the Debtor's business judgment, listing the Vehicles in
classified advertisements and online marketplaces is the best means
to maximize the sale price and return to creditors.  The Debtor
will market the Vehicles to the extent necessary to obtain the best
price possible.  

The sale of the Vehicles is in the best interest of creditors and
the Debtor's business because the Vehicles are not being used and
selling them and paying off the vehicle loans will reduce the
Debtor's monthly expenses.

              About Tumbleweed Tiny House Company

Tumbleweed Tiny House Company, Inc. --
https://www.tumbleweedhouses.com/ -- is a manufacturer of tiny
house RVs.

Tumbleweed Tiny House Company sought protection under Chapter 11
of
the Bankruptcy Code (Bankr. D. Colo. Case No. 20-11564) on March
4,
2020.  At the time of the filing, Debtor had estimated assets of
between $500,000 and $1 million and liabilities of between $1
million and $10 million.  Judge Kimberley H. Tyson oversees the
case.  Wadsworth Garber Warner Conrardy, P.C. is Debtor's legal
counsel.

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



TUPPERWARE BRANDS: Shareholders Elect 10 Directors
--------------------------------------------------
At Tupperware Brands Corporation's 2020 Annual Meeting of
Shareholders which was held on May 20, 2020, the shareholders
elected Susan M. Cameron, Kriss Cloninger III, Meg Crofton, Miguel
Fernandez, Richard Goudis, Aedhmar Hynes, Christopher C. O'Leary,
Richard T. Riley, Mauro Schnaidman, and M. Anne Szostak as
directors.  The shareholders also approved, on an advisory basis,
the Company's executive compensation program and ratified the
appointment of PricewaterhouseCoopers LLP as the independent
registered public accounting firm for the fiscal year ending Dec.
26, 2020.

                     About Tupperware Brands

Tupperware Brands Corporation -- http://www.tupperwarebrands.com/
-- is a global manufacturer and marketer of innovative, premium
products through social selling.  Product brands span several
categories including design-centric food preparation, storage and
serving solutions for the kitchen and home through the Tupperware
brand and beauty and personal care products through the Avroy
Shlain, Fuller Cosmetics, NaturCare, Nutrimetics and Nuvo brands.

As of Dec. 28, 2019, the Company had $1.26 billion in total assets,
$688.90 million in total current liabilities, $602.2 million in
long-term debt and finance lease obligations, $56 million in
operating lease liabilities, $192.3 million in other liabilities,
and a total shareholders' deficit of $277 million.

                         *    *    *

As reported by the TCR on April 14, 2020 S&P Global Ratings lowered
its issuer credit rating on U.S.-based Tupperware Brands to 'CCC+'
from 'B' to reflect heightened refinancing risk and its belief that
operating performance for fiscal 2020 will weaken substantially as
many markets close and stay-at-home orders are prolonged, limiting
the operations of sales representatives.


UNIT CORPORATION: Files for Chapter 11 With Pre-Negotiated Plan
---------------------------------------------------------------
Unit Corporation and its affiliates filed voluntary petitions for
relief under Chapter 11 of the United States Bankruptcy Code in the
United States Bankruptcy Court for the Southern District of Texas,
Houston Division, to effectuate a pre-negotiated Chapter 11 plan of
reorganization that will reduce the Company's funded debt
obligations by more than $650 million and right-size the Company's
balance sheet for go-forward operations.

The Company expects to continue to operate in the ordinary course
throughout the Chapter 11 process without material disruption to
its vendors, customers, or partners.  

The Company's 50%-owned midstream affiliate, Superior Pipeline
Company, L.L.C., and its subsidiaries are not debtors in the
Chapter 11 cases and unaffected by the Company's Chapter 11 filing.
Additionally, the Company does not anticipate that payments to
vendors and suppliers of its subsidiary Unit Drilling Company will
be impacted.

The Chapter 11 petitions were filed in accordance with a
Restructuring Support Agreement (the "RSA") between the Company,
the holders of more than 70% of the Company's 6.625% senior
subordinated notes due 2021 (the "Subordinated Notes") and all of
the lenders under the Company's Senior Credit Agreement (the "RBL
Lenders"). The RSA sets forth the principal terms of the
restructuring transaction that will be effectuated by the Plan,
including an equitization of all of the outstanding Subordinated
Notes and the replacement of the existing RBL facility and the DIP
financing with a $180 million exit financing facility. Consummation
of the Plan will be subject to confirmation by the Court and other
conditions in the Plan, the RSA and related transaction documents.

"Like many companies in the oil and gas industry, we have felt the
impact of the severe downturn in commodity prices, which has only
worsened with the COVID-19 pandemic," said David T. Merrill,
President and Chief Executive Officer. "While facing this
challenging environment, we have worked diligently to explore a
variety of strategic alternatives to cut costs, improve our
liquidity and address near-term debt maturities. We are pleased to
receive the support of our lenders and noteholders and are
confident that, on emergence from Chapter 11, we will be better
positioned to meet our challenges and realize the potential of our
Company."

With the filing, and subject to court approval, the Company has
received a commitment from the RBL Lenders that are parties to the
RSA to provide up to $36 million in debtor-in-possession ("DIP")
financing.  The Company anticipates up to $18 million will be
available on an interim basis.  This financing, combined with the
Company's usual operating cash flows, is expected to provide
sufficient liquidity for the Company to continue to operate in the
ordinary course through the restructuring process.

The Company has filed several customary motions with the court
seeking authorization to support its operations while this process
is ongoing, including authority to continue payment of employee
wages, salaries and benefits without interruption, and to continue
paying all vendors and suppliers of Unit Drilling Company in the
ordinary course of business. The Company expects to receive court
approval for these requests.

                   About Unit Corporation

Unit Corporation (NYSE- UNT) -- http://www.unitcorp.com/-- is a
Tulsa-based, publicly held energy company engaged through its
subsidiaries in oil and gas exploration, production, contract
drilling and natural gas gathering and processing.

On May 22, 2020, Unit Corporation and five affiliates sought
Chapter 11 protection (Bankr. S.D. Tex. 20-32740) with a
pre-negotiated plan that reduces debt by $650 million.

Unit Corp. disclosed $2,090,052,000 in assets and $1,034,417,000 in
debt as of Dec. 31, 2019.

Vinson & Elkins L.L.P. is serving as legal advisor, Evercore Group
L.L.C. is serving as investment banker, and Opportune LLP is
serving as restructuring advisor to the Company.  Prime Clerk LLC
is the claims agent, maintaining the page
https://cases.primeclerk.com/UnitCorporation

Weil, Gotshal & Manges LLP is serving as legal advisor and
Greenhill & Co., LLC is serving as financial advisor to an ad hoc
group of holders of Subordinated Notes.


UNIT CORPORATION: Unsecured Creditors to Get 100% Under Plan
------------------------------------------------------------
Unit Corporation sought Chapter 11 protection with a pre-negotiated
plan that will reduce debt by $650 million.

After extensive, arm's-length negotiations, the Company, the ad hoc
group of Subordinated Noteholders, and the RBL Lenders agreed on
the terms of a consensual financial restructuring transaction. The
key terms of this transaction are embodied in a restructuring
support agreement, which was entered into on May 22, 2020, by the
Debtors, Subordinated Noteholders holding more than 70% of the
principal amount of the Subordinated Notes, and all of the RBL
Lenders.

Pursuant to the RSA, the Restructuring Support Parties have agreed
to a comprehensive restructuring process to be implemented in
accordance with a joint pre-negotiated chapter 11 plan of
reorganization for the Debtors on terms consistent with a term
sheet attached to the RSA (the "Term Sheet").

Certain key elements of the RSA and Term Sheet include:

   * The DIP Lenders agree to provide the Debtors with a senior
secured superpriority credit facility in an aggregate principal
amount of at least $36 million of new money term loans, of which
$18 million will be available on an interim basis and the remaining
$18 million shall be available on a final basis;

   * The Consenting Noteholders agree to convert their claims
arising under the Subordinated Notes Indenture (the "Subordinated
Notes Claims") for each such holder's pro rata shares of equity
pools at each of Unit Corp., UDC, and UPC;

   * On the Plan effective date, the RBL Lenders agree to provide
the Debtors with a senior secured revolving credit facility in an
amount equal to $140 million and a senior secured term loan
facility in an amount equal to $40 million (the "Exit Facility")
and will receive an exit fee of 5% of the interests in Unit Corp.,
as reorganized after the Plan effective date ("Reorganized Unit
Corp.") (subject to dilution on account of the MIP Equity and the
Warrant Package;

   * Each allowed holder of claims arising under the RBL Facility
will receive its pro rata share of revolving loans, term loans, and
letter-of-credit participations under the Exit Facility;

   * Each holder of an allowed general unsecured claim against UDC
will be paid in full in cash in the ordinary course of business;

   * Each holder of an allowed general unsecured claim against Unit
Corp. will receive its pro rata share of interests in Reorganized
Unit Corp. from the Unit Corp. general unsecured creditor equity
pool;

   * Each holder of an allowed general unsecured claim against UPC
will receive its pro rata share of interests in Reorganized Unit
Corp. from the UPC general unsecured creditor equity pool;

   * The Plan will include a settlement pursuant to section 9019 of
the Bankruptcy Code that allows retained or former employees with
vested severance benefits to opt-in to a settlement to receive cash
payments on account of such claims in lieu of the equity interests
otherwise provided to Unit Corp. general unsecured creditors (the
"Separation Settlement");

   * Each holder of Unit Corp. equity interests that does not opt
out of the releases under the Plan will receive its pro rata share
of share of out-of-the-money warrants exercisable for an aggregate
of 12.5% of the interests in Reorganized Unit Corp (the "Warrant
Package");

   * The Plan will provide for the establishment of a
post-emergence management incentive plan to be adopted by the new
board of Reorganized Unit Corp. representing 7% of the interests in
Reorganized Unit Corp. on a fully diluted basis (the "MIP
Equity");

   * The Debtors will replace the Separation Benefit Plan with a
new separation benefit plan to provide employees entitled to
participate in the Separation Benefit Plan with two weeks of
severance pay per year of service, with a minimum of four weeks and
a maximum of 13 weeks of severance pay, with eligibility and
vesting terms acceptable to the Consenting Noteholders (such plan,
the "Amended Separation Benefit Plan"); and

   * The Restructuring Support Parties agree that, notwithstanding
anything in the RSA, the Debtors and their respective officers,
directors, and managers may take any action, or refrain from taking
any action, in good faith based upon advice of outside counsel, to
the extent necessary to comply with their fiduciary duties under
applicable law.

The Separation Settlement described in the RSA and Term Sheet
provides a mechanism to maximize cash payments available for the
Company's retained or former employees with vested severance
benefit claims.

The Separation Settlement provides that, among other things, each
former employee with vested severance as of the Petition Date, will
receive, subject to Court approval: (i) payment of up to the
$13,650 priority cap per individual, less other priority amounts (a
"Separation Minimum Claim"), payable during these Chapter 11 Cases
pursuant to an order approving the Debtors' wages motion; and (ii)
if such holder opts in to the Separation Settlement, its pro rata
share of a cash pool of $7,500,000, less the aggregate amount of
all Separation Minimum Claims paid to Vested Former Employees (the
"Severance Fund") (after taking into account payment of the
holder's Separation Minimum Claim). Payment of amounts from the
Severance Fund would commence after the Plan effective date on the
same bi-monthly schedule for separation benefits that was used
prior to the Petition Date, subject to adjustments for the
reduction in separation benefits paid to such former employees.

Each employee who has vested separation benefits as a result of
years of service and continues to be employed by the Company after
the Petition Date would also have the option to opt in to the
Separation Settlement. Such employees who opt in to the Separation
Settlement would receive an allowed claim in an amount equal to the
difference between the amount owed under the prepetition Separation
Benefit Plan less the amount owed under the Reorganized Unit Corp.
Separation Benefit Plan.  On account of such claim, each such
employee would receive its pro rata share of the Severance Fund.
Payment of amounts from the Severance Fund for such employees would
commence after the employee's departure or termination on the same
bi-monthly schedule for separation benefits that was used prior to
the Petition Date, subject to adjustments for the reduction in
separation benefits paid to such former employees.

                    $825 Million of Funded Debt

As of the Petition Date, the Company's funded debt liabilities
total approximately $825 million, of which $789 million is
attributable to the Debtors.  The Company's significant funded debt
obligations (excluding accrued interest) include:

   * $139 million outstanding under the RBL Facility that matures
October 2023 with lenders led by BOKF, NA dba Bank of Oklahoma, as
administrative agent, and

   * $650 million outstanding under 2021 Subordinated Notes due May
2021, with Wilmington Trust, National Association (as successor to
Wilmington Trust FSB), as indenture trustee.
  
                        Liquidity Woes

According to President and CEO David Merrill, the Company
proactively took a number of steps prior to filing the Chapter 11
cases in an effort to deleverage its balance sheet, bolster
liquidity, address near-term maturities, and maximize value for
stakeholders.  

However, the Company has continued to face a challenging commodity
price environment, which has constrained its liquidity and affected
operations.  These conditions have recently been exacerbated by
significant declines in crude oil demand and prices due to the
outbreak of a novel coronavirus ("COVID-19") and the inability of
the members of the Organization of Petroleum Exporting Countries
("OPEC") and Russia to agree on production levels.  

As a result of the sustained commodity price decline, the Company
incurred significant losses and experienced declining cash flows
and liquidity prior to the Petition Date.  The Company's liquidity
was further constrained by a "wildcard" redetermination of the
Company's borrowing base from $275 million to $200 million under
the RBL Facility in January 2020.

Given the Company's significant debt service and other financial
obligations coming due in the near-term, the Company and its Board
of Directors determined that entering into the RSA and filing the
Chapter 11 Cases is necessary to right-size the Company's balance
sheet and address its near-term maturities.

                      About Unit Corporation

Unit Corporation (NYSE- UNT) -- http://www.unitcorp.com/-- is a
Tulsa-based, publicly held energy company engaged through its
subsidiaries in oil and gas exploration, production, contract
drilling and natural gas gathering and processing.

On May 22, 2020, Unit Corporation and five affiliates sought
Chapter 11 protection (Bankr. S.D. Tex. 20-32740) with a
pre-negotiated plan that reduces debt by $650 million.

Unit Corp. disclosed $2,090,052,000 in assets and $1,034,417,000 in
debt as of Dec. 31, 2019.

Vinson & Elkins L.L.P. is serving as legal advisor, Evercore Group
L.L.C. is serving as investment banker, and Opportune LLP is
serving as restructuring advisor to the Company.  Prime Clerk LLC
is the claims agent, maintaining the page
https://cases.primeclerk.com/UnitCorporation

Weil, Gotshal & Manges LLP is serving as legal advisor and
Greenhill & Co., LLC is serving as financial advisor to an ad hoc
group of holders of Subordinated Notes.


US STEEL: S&P Alters Outlook to Stable, Affirms 'B-' ICR
--------------------------------------------------------
S&P Global Ratings revised its outlook on U.S. Steel Corp. to
stable from negative and affirmed its 'B-' long-term issuer credit
rating on the company as it reduces its reliance on external
funding to supplement its weak operating cash flow.

S&P said, "At the same time, we are assigning our 'B+' issue-level
rating and '1' recovery rating to the company's proposed $700
million secured notes (two notches above our issuer credit rating).
The '1' recovery rating indicates our expectation for very high
recovery (90%-100%; rounded estimate: 95%) in a hypothetical
default scenario."

Given its improved liquidity and lower planned capital expenditure,
S&P now estimate that U.S. Steel will maintain about $1 billion of
liquidity into 2022 assuming the steel markets improve modestly in
2021 but remain weaker than the deteriorating conditions in 2019.
The company's completion of this financing is a good indication of
the near-term sustainability of its capital structure, considering
the large recent declines in the market prices for its unsecured
debt and equity suggesting at least partially the likelihood of the
secured debt. Nevertheless, the successful completion of the
transaction, coupled with its equity market capitalization of more
than $1 billion during this severe stress, demonstrates that the
market is at least somewhat confident U.S. Steel will return to
profitability.

The stable outlook reflects the company's bolstered liquidity
position even though its adjusted debt leverage calculations will
become meaningless as its EBITDA drops below breakeven in 2020. S&P
expects that U.S. Steel will sustain adequate liquidity through
2021 assuming at least a modest rebound from the extremely weak
conditions in the steel market.

S&P said, "We could lower our rating on U.S. Steel if its weak cash
flow persists through 2021, which we estimate could consume its
recently bolstered liquidity and limit its ability to deploy
strategic capital, preventing it from exercising its purchase
option for Big River or undertaking competitively important capital
projects to improve its efficiency.

"It is unlikely that we will raise our rating on U.S. Steel over
the next year or two considering its multiyear investment plans,
which will require several years of improved profitability and
concurrent access to the capital markets. If the conditions in the
steel markets rebound significantly, we believe that the company's
potential purchase of Big River and deferred capital expenditure
could consume several years of its cash flow."


VICTERRA ENERGY: Hires EnergyNet.com as Oil and Gas Auctioneer
--------------------------------------------------------------
Victerra Energy Holding Co., LLC, and its debtor-affiliates, seek
authority from the U.S. Bankruptcy Court for the Southern District
of Texas to employ EnergyNet.com, LLC, as oil and gas broker and
auctioneer to the Debtor.

Victerra Energy requires EnergyNet.com to market, sell, and auction
the Debtors' leasehold interests, easements, surface use
agreements, saltwater disposal agreements, and a fee interest in
surface land relating to 6 producing wells, 3 saltwater disposal
wells, and 6 inactive wells in southwest Reeves County.

EnergyNet.com will be paid as follows:

            COMMISSION FOR PROPERTIES INDIVIDUALLY
               SELLING FOR LESS THAN $1,000,000

     Gross Sale Price                    Commission
     Between $1 and $100,000                10%
     $200,000                               9.50%
     $300,000                               8.75%
     $400,000                               8.25%
     $500,000                               7.75%
     $600,000                               7.25%
     $700,000                               6.75%
     $800,000                               6.25%
     $900,000                               5.75%
     $1,000,000                             5.25%

            COMMISSION FOR PROPERTIES INDIVIDUALLY
        SELLING FOR GREATER THAN OR EQUAL TO $1,000,000

     Gross Sale Price                    Commission
     First $ Million                       4.25%
     Second $ Million                      3.75%
     Third $ Million                       3.25%
     Fourth $ Million                      2.75%
     Greater than $ 5 Million              2.25%

Drew McManigle, partner of EnergyNet.com, LLC, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

EnergyNet.com can be reached at:

     Drew McManigle
     EnergyNet.com, LLC
     7201 I-40 West Suite 319
     Amarillo, TX 79106
     Tel: (806) 351-2953

               About Victerra Energy Holding Co.

Victerra -- https://victerra.com/ – acquires and develops
upstream oil and gas projects in the onshore United States.
Currently, Victerra is focused on the Permian Basin with its
existing project in Western Reeves County.

Victerra Energy Holding Co., LLC, based in Houston, TX, filed a
Chapter 11 petition (Bankr. S.D. Tex. Case No. 20-32488) on May 6,
2020.  In the petition signed by CRO Drew McManigle, the Debtor was
estimated to have $10 million to $50 million in both assets and
liabilities.  The Hon. Marvin Isgur oversees the case.  OKIN ADAMS
LLP is serving as bankruptcy counsel to the Debtor.


VISITING NURSE: June 30 Auction of Assets Set
---------------------------------------------
Judge Mark Houle of the U.S. Bankruptcy Court for the Central
District of California authorized Visiting Nurse Association of the
Inland Counties' bidding procedures in connection with the auction
sale of (i) hospice business assets to Bristol Hospice, L.L.C., or
its nominee, and (ii) substantially all of the Debtor's home health
business assets to HealthSure Management Services, LLC ("HMS").

A hearing on the Motion was held on May 12, 2020 at 2:00 p.m.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: June 25, 2020 at 5:00 p.m. (PT)

     b. Initial Bid:

          I. Hospice Asset Minimum Overbid - The bid must have a
value to the Debtor that is equal to or greater than $7.4 million,
which is comprised of the sum of (i) the cash consideration being
paid by Bristol under the Hospice Asset Purchase Agreement ($7.1
million), (ii) the maximum allowable amount of the Bristol Stalking
Horse Protections ($250,000), and (iii) an initial overbid amount
of $50,000; and

          II. Qualified Home Health Bid - The cash purchase price
will be no less than $800,000, plus the out-of-pocket costs and
expenses of HMS, subject to a determination of the Court for
reasonableness and in an amount not to exceed $21,000.
    
     c. Deposit: (I) 5% of the Hospice Minimum Overbid, and (ii)

     d. Auction: The Auction, if necessary, will be held on June
30, 2020 at 12:00 p.m. (PT) at the Court.  If one or more Qualified
Combined Asset Bids are received for the Combined Assets, the
Debtor will conduct an Auction at the Sale Hearing on June 30, 2020
at 12:00 p.m. (PT).

     e. Bid Increments: $100,000 for Combined Assets; $50,000 for
Hospice Asset, and $50,000 for qualified home heath assets

     f. Sale Hearing: June 30, 2020 at 12:00 p.m. (PT)

     g. Sale Objection Deadline: 14 days before the Sale Hearing

     h. Closing: Aug. 31, 2020

The Debtor will file a Sale Motion and serve written notice of the
Sale Hearing consistent with LBR 6004-1(c)(3) and 9013-1(d).

Within two business days after the entry of the Order or as soon as
reasonably practicable thereafter, the Debtor will serve a copy of
the Order upon (i) all entities reasonably known to have expressed
an interest in a transaction with respect to all or part of the
Hospice Assets and Home Health Assets within the past year; (ii)
all entities known to have asserted any lien, claim, interest, or
encumbrance in or upon any of the Hospice and Home Health Assets;
(iii) counsel for the Committee; (iv) the patient care ombudsman
appointed in the case; and (v) the U.S. Trustee.

The Debtor is directed to (i) publish a notice in the Riverside
Press-Enterprise on one occasion no later than 21 days before the
Sale Hearing or as reasonably practicable thereafter describing, in
summary, the salient terms and conditions of the Sales, (ii) post a
copy of the Court's Notice of Sale of Estate Property, without
exhibits, in a common area at the Debtor’s Riverside and Palm
Desert premises no later than 21 days before the Sale Hearing,
(iii) file with the Court and serve on all parties-in-interest, no
later than 21 days before the Sale Hearing, a copy of the Sale
Notice, which will include a copy of the Order, no later than 21
days before the Sale Hearing.

The Cure Notice and the Assumption and Assignment Procedures are
approved.  By no later than 21 days before the Sale Hearing, the
Debtor will file with the Court and serve upon each counterparty to
an Assigned Contract the Cure Notice, which will identify the Cure
Amounts, if any.

The Debtor may qualify any bid that meets the requirements as a
Qualified Bid. Notwithstanding the foregoing, Bristol and HMS are
deemed a Qualified Bidders, and the Hospice Asset Purchase
Agreement and the Home Health Purchase Agreements are deemed
Qualified Bids, for all purposes in connection with the Bidding
Process, the Auction, and the Sales.

The Debtor will notify the Committee, Bristol, HMS, and all
Qualified Bidders via email as to whether or not the Debtor has
determined that any bids constitute Qualified Bids and provide
copies of the Asset Purchase Agreements relating to any such
Qualified Bid to Bristol, HMS and such Qualified Bidders within two
business days after any bid other than the Bristol and HMS Bids has
been deemed a Qualified Bid.

If any contract or lease is assumed and assigned pursuant to Court
order, the Assigned Contract counterparty will receive no later
than 10 business days following the closing of the Sales, the Cure
Amount, if any, as set forth in the Cure Notice.

The Bristol Expense Reimbursement, as set forth in the Hospice
Asset Purchase Agreement, is approved, subject to review and
approval by the Court for reasonableness and with a maximum
allowable amount of $250,000.  If Bristol is not the Successful
Bidder for the Hospice Assets and is not then in breach of the
Hospice Asset Purchase Agreement, and the Hospice Asset Purchase
Agreement has not otherwise been terminated, Bristol will be paid
in cash by the Successful Bidder for the Hospice Assets at the
closing of the sale transaction with the Successful Bidder the
aggregate of the out-of-pocket costs and expenses of Bristol and
its affiliates in an amount not to exceed $250,000, subject to
Court approval of the amount requested by Bristol.  Other than the
Bristol Expense Reimbursement, Bristol will not receive any
break-up fee.

The Bristol Stalking Horse Protections will be paid out of the
proceeds of the Hospice Sale or Combined Asset Sale in the amount
approved by the Court.

The HMS Expense Reimbursement, as set forth in the Home Health
Asset Purchase Agreement, is approved, subject to review and
approval by the Court for reasonableness and in the maximum
allowable mount of $21,000.  If HMS is not the Successful Bidder
for the Home Health Assets and is not then in breach of the Home
Health Asset Purchase Agreement, and the Home Health Asset Purchase
Agreement has not otherwise been terminated, HMS will be paid in
cash by the Successful Bidder for the Home Health Assets at the
closing of the sale transaction with the Successful Bidder the
out-of-pocket costs and expenses of HMS and its affiliates in an
amount not to exceed $21,000, subject to Court approval of the
amount requested by HMS.  Other than the HMS Expense Reimbursement,
HMS will not receive any break-up fee.   

Notwithstanding the possible applicability of Bankruptcy Rules
6004, 6006, 7062, 9014, or otherwise, the terms and conditions of
this Order will be immediately effective and enforceable.

A copy of the Bidding Procedures is available at
https://tinyurl.com/y994l47a from PacerMonitor.com free of charge.

              About Visiting Nurse Association
                   of the Inland Counties

Visiting Nurse Association of the Inland Counties --
http://www.vnacalifornia.org/-- is a not-for-profit organization
that provides health, palliative and hospice services when in-home
care is needed or preferred.  It offers a full continuum of care
for patients, including home health, hospice and bereavement
services.  The company is headquartered in Riverside, California,
with patient care centers in Palm Desert and Murrieta.

Visiting Nurse Association of the Inland Counties sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No.
18-16908) on Aug. 15, 2018.  In the petition signed by Bruce
Gordon, corporate controller, the Debtor was estimated to have
assets of $1 million to $10 million and liabilities of $10 million
to $50 million.  

Judge Mark D. Houle oversees the case.  

Weiland Golden Goodrich LLP is the Debtor's legal counsel.

On Sept. 13, 2018, the U.S. trustee appointed Jerry Seelig as
patient care ombudsman in the Debtor's case.  The PCO tapped
Perkins Coie LLP as his legal counsel.

On Sept. 19, 2018, the Office of the U.S. Trustee appointed a
committee of unsecured creditors.  The committee retained Marshack
Hays LLP as counsel.


WAVE COMPUTING: Hires Affeld Grivakes as Conflict Counsel
---------------------------------------------------------
Wave Computing, Inc., and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the Northern District of California
to employ Affeld Grivakes LLP, as conflict counsel to the Debtor.

Wave Computing requires Affeld Grivakes to:

   -- move for the approval of the Debtors' retention of funds
      under the Paycheck Protection Program, and respond to any
      objections or concerns raised thereto;

   -- litigate any related issues that may arise before the
      Bankruptcy Court; and

   -- handle all negotiations and motions practice that may arise
      from time to time hereafter for any conflicts issues in the
      Chapter 11 Cases.

Affeld Grivakes will be paid at the hourly rates of $550 to $650.

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

Christopher Grivakes, partner of Affeld Grivakes LLP, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Affeld Grivakes can be reached at:

     Christopher Grivakes
     AFFELD GRIVAKES LLP
     2049 Century Park East, Suite 2460
     Los Angeles, CA 90067
     Tel: (310) 979-8700

                     About Wave Computing

Wave Computing, Inc., a start up company focusing on the machine
learning industry, and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal. Lead Case No.
20-50682) on April 27, 2020.  At the time of the filing, the Debtoe
were estimated to have assets of between $1 million and $10 million
and liabilities of between $50 million and $100 million.  Judge
Elaine M. Hammond oversees the cases.  The Debtors are represented
by Sidley Austin, LLP.


WCA WASTE: S&P Alters Outlook to Negative, Affirms 'B+' ICR
-----------------------------------------------------------
S&P Global Ratings affirmed its ratings on Houston-based solid
waste services company WCA Waste Corp. and its debt issues,
including its 'B+' issuer credit rating, and revised the outlook to
negative from stable.

The negative outlook reflects the one-in-three potential for lower
ratings during the next year. This is predicated on the scenario
that macroeconomic headwinds persist and that management's cost
actions are not sufficient to offset lower solid waste volumes.
Such a scenario could lead to WCA's adjusted debt to EBITDA rising
to approach 6x and staying there permanently.

The affirmation reflects S&P's view that an economic recovery in
WCA's geographic markets (which so far appear to be less affected
by the COVID-19 pandemic) occurs later this year, and that pricing
actions on residential services and cost controls should allow WCA
to quickly improve its credit measures. S&P's base-case scenario
envisions the company's adjusted debt to EBITDA improving toward 5x
next year after temporarily spiking this year.

A weak domestic macroeconomic environment will likely hurt
collection and disposal volumes. Despite a good start to the year
with 5.4% organic revenue growth during the first quarter (2.6%
from yield, 3.5% from volume, and a 0.7% contraction from other
items), WCA will likely experience significantly lower organic
volumes during the second quarter and potentially even later on,
which could cause total revenue to contract for the full year. S&P
believes social distancing and reduced commercial activity as a
result of the COVID-19 pandemic will hurt the company's commercial
(about 20% of sales) and roll-off (about 22%) volumes, though its
residential (27%) business should be more resilient. Partially
mitigating the expected downturn in commercial volumes is the fact
that WCA operates mainly in the Southern U.S., in states including
Texas, Missouri, Florida, and Alabama, among others, where the
rates of COVID-19 cases are lower than those in major population
centers on the East and West coasts, and the regional economies in
these states are reopening. Still, while there is some sentiment
that the pace of waste volume declines has eased in April and May,
there could be a resurgence of coronavirus cases later this year,
which could present new challenges.

WCA's credit measures are likely to deteriorate somewhat in 2020.
To counteract the macroeconomic-driven headwinds, WCA is focusing
on reducing expenses, including labor costs and vehicle- and
container-related spending. It has also identified about 20% of its
capital budget that could be deferred to future periods, if
necessary. Despite this, such spending restraints may not be enough
to overcome the drop in the top line, and lower operating leverage
could result in margins declining by 50 basis points (bps) this
year and adjusted debt to EBITDA increasing to 5.7x. S&P also does
not expect substantial free cash flow generation this year.

The essential nature of WCA's services and the company's relatively
good credit measures mean that WCA compares favorably to similarly
rated peers. Solid waste collection and disposal is a more
recession-resistant business than manufacturing- and
commodity-related cyclical companies, and S&P expects to see some
of that stability demonstrated during this recession. WCA's
concentration on residential waste, albeit a lower-margin business,
should provide stability. WCA's credit measures have also
historically been favorable relative to peers of similar sizes and
capital structures, as adjusted debt to EBITDA has averaged 5.5x
over the past six years. WCA has been owned by affiliates of
infrastructure-focused investment company Macquarie Infrastructure
Corp. since 2012, and its credit measures have been less onerous
than those of companies owned by traditional financial sponsors.

Liquidity remains sound. WCA's liquidity position as of March 31,
2020, was solid. WCA drew upon its revolving facility, so it had a
healthy cash balance of about $50 million with about $3 million of
availability under the $125 million revolving facility due February
2023, net of $113 million of drawn borrowings and $9 million of
letters of credit. S&P expects WCA to repay over $50 million of the
drawn borrowings during the June and September 2020 quarters,
assuming that economic recovery in WCA's key operating regions
continues and capital market conditions do not seize up again.
Later on in the year, WCA could use its liquidity to make some
tuck-in acquisitions.

The negative outlook on WCA reflects some revenue contraction and
margin degradation as collection and disposal volumes have been
lost as a result of the weak domestic economic environment stemming
from the COVID-19 pandemic.

S&P said, "We anticipate most of the volume reduction will be from
the commercial end market, while the residential end market, where
WCA concentrates more than some of its peers, should be less
affected. Per our base-case forecast, WCA's adjusted debt to EBITDA
could rise to 5.7x this year. As the economy recovers, leverage
could ease the following year to levels more appropriate for the
rating. At the current rating, we expect WCA's adjusted debt to
EBITDA to be closer to 5x and for free operating cash flow (FOCF)
to be positive." Solid waste collection and disposal is an
essential service, and WCA's steady revenue streams from its
landfills and collection operations, its decent market presence in
the Southern U.S.--which is so far less affected by the COVID-19
pandemic, and focus on cost reduction should support its operating
results.

S&P could lower the rating if WCA's performance and credit measures
degrade beyond what it expects in its base-case scenario,
specifically if any of the following occurs:

-- Adjusted debt to EBITDA rises to about 6x and is likely to stay
there;

-- Free cash flow to debt is continually break-even or negative;
Financial policies become more aggressive; or

-- Liquidity becomes constrained.

S&P could revise the outlook to stable if the macroeconomic
environment improves and WCA's execution is solid enough such that
the company's adjusted debt to EBITDA eases back toward the 5x (or
below) area. This scenario also envisions more substantial and
consistent FOCF generation and some repayment of revolver
borrowings.


WESTERN ALLIANCE: S&P Rates Subordinated Debt 'BB+'
---------------------------------------------------
S&P Global Ratings said that it assigned its unsolicited 'BB+'
rating to Western Alliance Bank's (WAB) public offering of $225
million aggregate principal amount of its 5.25% subordinated debt
due in 2030. Consistent with S&P's policies and procedures, it
assigned an unsolicited rating on this debt issue as it believes
there in sufficient market interest for Western Alliance and this
issuance. The unsolicited rating on the subordinated debt is one
notch lower than the stand-alone credit profile of 'bbb-',
reflecting the issue's subordination to future senior debt. WAB
intends to use the net proceeds of the offering for general
corporate purposes, which may include providing capital to support
growth and capital adequacy, and the repayment, redemption, or
repurchase of existing indebtedness.

On March 23, 2020, S&P revised the outlook on WAB to stable from
positive and affirmed the 'BBB-'issuer credit rating. As referenced
in its March 23 release, S&P's stable outlook indicates the
significantly diminished likelihood that it will raise the ratings
given weaker U.S. economic growth resulting from the COVID-19
pandemic. While credit quality metrics have improved over the past
several years, the loan portfolio has several higher-risk
categories such as hotel, construction, and technology and
innovation, which together total roughly 27% of the loan portfolio.


"Although we expect large loan loss provisions and lower earnings
in 2020, we project the bank's risk-adjusted capital (RAC) ratio to
remain near the middle of the 7% to 10% range that we typically
consider adequate over the next two years," S&P said.

"In addition, we think the company's net interest margin will
decline somewhat further in 2020 given the ultra-low interest rate
environment. As an offset to these risks, we consider WAB's recent
history of adequate capital levels and solid funding and liquidity
metrics, which we view favorably," the rating agency said.

  Ratings List

  Western Alliance Bank
   Issuer Credit Rating     BBB-/Stable/--

  New Rating
  Western Alliance Bank
   Subordinated |U^         BB+

|U^ Unsolicited ratings with issuer participation, access to
internal documents and access to management.


WINDSTREAM HOLDINGS: UMB & U.S. Bank Say Plan Unconfirmable
-----------------------------------------------------------
UMB Bank, National Association, solely in its capacity as successor
indenture trustee under certain indenture with Windstream Services,
LLC and Windstream Finance Corp., and U.S. Bank National
Association, solely in its capacities as indenture trustee, object
to the Disclosure Statement relating to the Joint Chapter 11 Plan
of Reorganization of Windstream Holdings, Inc. and its debtor
affiliates.

The Indenture Trustees assert that:

   * The proposed allocation of value under the Plan renders the
Plan unconfirmable on its face.  Specifically, the Plan distributes
all value of the Obligor Debtors' estates to first lien creditors
and none to their billions of dollars of unsecured creditors.

   * The Disclosure Statement fails to provide holders unsecured
note claims in Class 6A with adequate information regarding their
potential recoveries under the Plan.

   * The Disclosure Statement fails to provide any information
regarding the value of assets.  This alone is fatal to the Debtors'
request to approve the Disclosure Statement, notwithstanding the
Plan's section 1129(a)(7).

   * The Disclosure Statement lacks key information regarding the
Uniti Adversary Proceeding and the Uniti Settlement. For an
investor to make an informed decision in voting on the Plan, it is
necessary that the investor have adequate information regarding the
Settlement Agreement and the value of the claims it purports to
resolve.

A full-text copy of UMB and U.S. Bank's objection to plan and
disclosure dated May 1, 2020, is available at
https://tinyurl.com/ya2dqd4s from PacerMonitor at no charge.

Special Counsel to UMB and U.S. Bank:

         WHITE & CASE LLP
         Southeast Financial Center, Suite 4900
         200 South Biscayne Boulevard
         Miami, Florida 33131
         Telephone: (305) 371-2700
         Facsimile: (305) 258-5744
         Thomas E Lauria, Esq.

         1221 Avenue of the Americas
         New York, New York 10020
         Telephone: (212) 819-8200
         Facsimile: (212) 354-8113
         J. Christopher Shore, Esq.
         Harrison Denman, Esq.
         Philip M. Abelson, Esq.
         Julia M. Winters, Esq.

                   About Windstream Holdings

Windstream Holdings, Inc., and its subsidiaries provide advanced
network communications and technology solutions for businesses
across the United States. They also offer broadband, entertainment
and security solutions to consumers and small businesses primarily
in rural areas in 18 states.

Windstream Holding Inc. and its subsidiaries filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 19-22312) on Feb. 25,
2019.

The Debtors had total assets of $13,126,435,000 and total debt of
$11,199,070,000 as of Jan. 31, 2019.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as counsel; PJT Partners LP as financial advisor
and investment banker; Alvarez & Marsal North America LLC as
restructuring advisor; and Kurtzman Carson Consultants as notice
and claims agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on March 12, 2019. The committee tapped
Morrison & Foerster LLP as its legal counsel, AlixPartners, LLP, as
its financial advisor, and Perella Weinberg Partners LP as
investment banker.


                            *********

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
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Each Friday's edition of the TCR includes a review about a book of
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available at your local bookstore or through Amazon.com.  Go to
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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.
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Copyright 2020.  All rights reserved.  ISSN: 1520-9474.

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