/raid1/www/Hosts/bankrupt/TCR_Public/210423.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, April 23, 2021, Vol. 25, No. 112

                            Headlines

ADVANCED CONTAINER: Incurs 579K Net Loss in 2020
AFFINITY GAMING: S&P Affirms 'B-' ICR Following Proposed Add-on
AHEAD DB: Moody's Affirms 'B2' CFR & Rates New $400MM Notes 'Caa1'
ALLY FINANCIAL: S&P Assigns 'BB-' Rating $1.35BB Preferred Stock
ALPINE 4 HOLDINGS: Incurs $8.1 Million Net Loss in 2020

AMATA LLC: Space Provider Seeks to Use Cash Collateral
AMERGENT HOSPITALITY: Incurs $20 Million Net Loss in 2020
AMMO INC: Pannell Kerr Replaces Marcum LLP as Accountant
ARCHBISHOP OF AGANA: Wins Continued Access to Bank's Cash
ARROW BIDCO: Moody's Affirms B3 CFR & Alters Outlook to Stable

ASP LS: S&P Assigns 'B-' Issuer Credit Rating, Outlook Stable
ATLAS MIDCO: S&P Assigns 'B-' ICR on Buyout of Aspect Software
AVINGER INC: SBA Forgives $2.3 Million Loan
AVISON YOUNG: Add-on Loan Issuance No Impact on Moody's B2 CFR
BAIC: Seeks Permission to Use Cash Collateral

BAR LOUIE: Wins Court Approval for Its Liquidation Plan
BARFLY VENTURES: Seeks to Hire Plante Moran as Accountant
BARNWELL INDUSTRIES: Swings to $743K Net Earnings in First Quarter
BASIC ENERGY: Incurs $268.2 Million Net Loss in 2020
BCPE EMPIRE: S&P Affirms 'B-' Issuer Credit Rating, Outlook Stable

BEACON ROOFING: S&P Alters Outlook to Positive, Affirms 'B+' ICR
BLACKTOP INDUSTRIES: Seeks to Hire Lane Law Firm as Legal Counsel
BLOCKCHAIN OF THINGS: Incurs $443,171 Net Loss in 2020
BOY SCOUTS OF AMERICA: Faces Narrow Window in Suing Local Councils
BROOKLYN IMMUNOTHERAPEUTICS: Appoints Dennis Langer as Director

BROOKLYN IMMUNOTHERAPEUTICS: Appoints Howard Federoff as CEO
CALIFORNIA-NEVADA METHODIST: Two New Members Appointed to Committee
CCO HOLDINGS: S&P Assigns 'BB' Rating on Proposed Unsecured Notes
CENTRAL SIGNS: Seeks to Hire Anne-Marie L. Bowen as Legal Counsel
CENTRAL SIGNS: Seeks to Hire Latham Luna as Co-Counsel

CHARLESTON ORTHODONTIC: Seeks to Hire Kathryn Abraham as Accountant
CHESAPEAKE ENERGY: Thunder Works to Secure Arena's Naming Rights
CITY CHURCH: Seeks Authority to Use Cash Collateral
COLLAB9 LLC: Auction Sale of Business/Assets Set for May 18
CPV MARYLAND: S&P Assigns Prelim 'BB-' Rating on New Term Loan B

CRANBERRY TAXI: Hits Chapter 7 Bankruptcy Protection
DEA BROTHERS: Court Denies Payment of Legal Fees Thru June 10
DEA BROTHERS: Seeks to Hire Osborn & Plasse as Co-Counsel
DIGITAL MEDIA: Completes Acquisition of Crisp Marketing's Assets
DIGITAL MEDIA: Incurs $4.5 Million Net Loss in 2020

DRIVE CHASSIS: Moody's Alters Outlook on B3 CFR to Stable
EASTERDAY FARMS: Wins OK on $2M, 0% Interest Unsecured DIP Loan
EASTMAN KODAK: 3rd Circuit Won't Revive Suit After Ch.11 Discharge
ELECTROMEDICAL TECHNOLOGIES: Incurs $3.9 Million Net Loss in 2020
ENCINO ACQUISITION: Moody's Rates New $700MM Unsec. Notes 'B3'

ENCINO ACQUISITION: S&P Alters Outlook to Stable, Affirms 'B-' ICR
ENERGY 11: Swings to $2.8 Million Net Loss in 2020
ENTRANS INTERNATIONAL: S&P Affirms 'B-' ICR, Outlook Negative
EVEREST HOTEL: No Objections Filed; Court Confirms Plan
FOXWOOD HILLS: Appointment of Equity Committee Sought

FUSE MEDICAL: Incurs $1.4 Million Net Loss in 2020
GALLERIA OF ST. MATTHEWS: April 29 Louisville Property Sale Hearing
GATEWAY RADIOLOGY: Taps Marxman Advocaten as Special Counsel
GENESIS ENERGY: S&P Keeps 'B+' Rating on Senior Unsecured Note
GENEVER HOLDINGS: Taps Former Judge to Oversee Asset Sale

GIRARDI & KEESE: Founder Sued by Actress Over Crash Settlement
GROM SOCIAL: Secures $300K in Financing from Labrys Fund
HEARTWISE INC: Seeks to Hire R. Clifford & Associates as Counsel
HERTZ CORP: Gets 2nd Sweetened Offer from Centares, Knighthead
HERTZ CORPORATION: Morris, Glenn Update on Shareholders

HERTZ GLOBAL: Court Okays Chapter 11 Plan Creditor Vote
HOFFMASTER GROUP: Moody's Alters Outlook on Caa1 CFR to Stable
HOMETOWN INTERNATIONAL: Incurs $631,356 Net Loss in 2020
HOWMET AEROSPACE: Moody's Raises CFR to Ba2 on Solid Liquidity
ILYAS CHAUDHARY: $300K Sale of Petrolia and Blue Sky Interests OK'd

INSULET CORP: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
INTERNATIONAL FOOD: Creditor Bars Use of Cash Collateral
INTERNATIONAL LAND: Incurs $2.7 Million Net Loss in 2020
INTERNATIONAL LAND: To Acquire Land, Permits for 450 Homesites
INVO BIOSCIENCE: Incurs $8.3 Million Net Loss in 2020

INVO BIOSCIENCE: Signs Partnership Agreement With Lyfe Medical
J.H. BRYANT: Seeks to Hire Danning Gill as Bankruptcy Counsel
JFK HEATING: Gets Final OK to Use Cash Collateral
JIMMY HUTTON: $1.2M Sale of Dallas Property to KMS Approved
JOYNER-BYRUM: Wins Cash Collateral Access on Final Basis

KNOTEL INC: Files Liquidation Plan to Pay Creditors
L. FREYRE'S TRANSPORT: Seeks to Hire Brooks Frank as Legal Counsel
L.G. STECK: Court Confirms Plan of Reorganization
LAW OFFICES OF BRIAN WITZER : Taps Michael Jay Berger as Counsel
LCM INVESTMENTS II: S&P Assigns 'BB-' ICR, Outlook Stable

LONGHORN JUNCTION: Unsecureds Will be Paid in Full in Plan
LOOP MEDIA: Incurs $15.4 Million Net Loss in 2020
LUX AMBER: Incurs $315K Net Loss for Quarter Ended Jan. 31
MATRIX INTERNATIONAL: Seeks to Hire Raymond H. Aver as Counsel
MEDICAL DEPOT: S&P Downgrades ICR to 'SD' on Distressed Exchange

MERION INC: Incurs $1.8 Million Net Loss in 2020
METRONOMIC HOLDINGS: Sets Bidding Procedures for Miami Property
MIDCAP FINANCIAL: S&P Assigns 'BB-' ICR, Outlook Stable
MINAL PHARMACY: Seeks Cash Collateral Access
MIND TECHNOLOGY: Incurs $20.3-Mil. Net Loss for FY Ended Jan. 31

MKS REAL ESTATE: Seeks to Hire Robert Lynn as Real Estate Broker
MONROE SUBWAYS: May Use Cash Collateral on Final Basis
MUSTANG MINING: Seeks to Hire Curtis Castillo as Bankruptcy Counsel
NATIONAL RIFLE ASSOCIATION: Board Members Back Independent Examiner
NEW YORK CLASSIC: Seeks to Hire Kirby Aisner as Legal Counsel

NTN BUZZTIME: Incurs $4.4 Million Net Loss in 2020
NUTRIBAND INC: Incurs $2.9 Million Net Loss in FY Ended Jan. 31
NYMOX PHARMACEUTICAL: Incurs US$11.7 Million Net Loss in 2020
OCCASION BRANDS: Court Confirms Old OB's Chapter 11 Plan
ONDAS HOLDINGS: Susan Roberts Joins as Senior Advisor

PG&E CORP: Victims Lost Bid to Send Insurance Dispute to State
POLAR POWER: Incurs $10.9 Million Net Loss in 2020
POWER BAIL: Trustee Seeks to Hire Hahn Fife as Accountant
PROFESSIONAL FINANCIAL: Court OKs Additions to Solicitation Package
PURDUE PHARMA LP: Court Extends Pause on Opioid Lawsuits

PURDUE PHARMA: Documents Say Sackler Family Worth $11 Billion
R & R INDUSTRIES: Seeks Permission to Use Cash Collateral
RESTORENATIONS INC: Seeks Cash Access Until Plan Confirmation
ROLLING HILLS: Seeks to Hire Carmody MacDonald as Legal Counsel
RSG INDUSTRIES: Plan Approval Deadline Extended to May 13

SALLY HOLDINGS: Moody's Affirms Ba2 CFR & Alters Outlook to Stable
SAVE ON COST: Revised Plan Sets Aug. 15 Deadline to Refinance
SCWORZ CORP: Delays Filing of 2020 Annual Report
SDI PROPERTIES: Trustee Hires Cenmar as Property Manager, Broker
SERTA SIMMONS: S&P Downgrades ICR to 'SD' on Distressed Exchange

SHELTON BROTHERS: April 30 Hearing on Bid Procedures for All Assets
SINO-GLOBAL: To Launch NFT Exchange With CyberMiles
SOTHERLY HOTELS: Swings to $53.7 Million Net Loss in 2020
SPARTA US: Moody's Assigns First Time B1 Corp Family Rating
SPHERE 3D: Incurs US$5.8 Million Net Loss in 2020

SPURLOWS ARCHERY: Gets Interim Access to Cash Collateral
STANLEY C. CHESTNUT: $215K Sale of Princeton Parcel to Allen Okayed
STONEMAR INC: Moody's Hikes CFR to 'B3' & Rates Secured Notes 'B3'
STONEMOR INC: S&P Assigns 'CCC' Rating on Proposed Notes
STUDIO MOVIE GRILL: Successfully Emerges From Chapter 11 Bankruptcy

SUNDANCE ENERGY: Prepackaged Plan Confirmed; Unsecureds Unimpaired
SURGERY CENTER: Moody's Raises CFR to B3, Outlook Stable
TARONIS FUELS: Errors Found in Previously Filed Financial Statement
TCNR LLC: Seeks to Hire Morrissey Wilson as Legal Counsel
TECT AEROSPACE: U.S. Trustee Appoints Creditors' Committee

TEKNIA NETWORKS: Unsecureds to Get Share of Disposable Income
TJC SPARTECH: S&P Assigns 'B' ICR, Outlook Stable
TKC HOLDINGS: S&P Affirms B- Issuer Credit Rating, Outlook Stable
TROPHY HOSPITALITY: Seeks to Hire Eric A. Liepins as Legal Counsel
UNIMEX CORPORATION: Plan Trustee Taps Nelson Mullins as Counsel

VERNON 4540: Examiner Seeks to Hire Barclay Damon as Legal Counsel
VIENTO WINES: Wants Access to Cash Collateral
VIENTO WINES: Wins Cash Collateral Access Thru April 28
VILLA TAPIA: All Creditors to Recover 100% in 60-Month Plan
WC CUSTER CREEK: Gets OK to Use Cash Collateral Thru April 30

WOC PACIFIC: Seeks to Hire Morrison Tenenbaum as Legal Counsel
ZAYAT STABLES: Moved At Least $200K Before Bankruptcy, Says Trustee
[^] BOOK REVIEW: GROUNDED: Destruction of Eastern Airlines

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ADVANCED CONTAINER: Incurs 579K Net Loss in 2020
------------------------------------------------
Advanced Container Technologies, Inc. filed with the Securities and
Exchange Commission its Annual Report on Form 10-K disclosing a net
loss of $579,031 on $2.23 million of revenues for the year ended
Dec. 31, 2020, compared to a net loss of $1.41 million on $2.15
million of revenues for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $4.33 million in total assets,
$2.44 million in total liabilities, and $1.89 million in total
stockholders' equity.

Irvine, California-based Haskell & White LLP, the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated April 15, 2021, citing that the Company has a working capital
deficit, continued operating losses since inception, and has notes
payable that are currently in default.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.

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

https://www.sec.gov/Archives/edgar/data/1096950/000172186821000228/f2sactx10k041521.htm

                    About Advanced Container

Corona, Calif.-based Advanced Container Technologies, Inc.
--www.advancedcontainertechnologies.com -- markets and sells two
principal products: (i) GrowPods, which are specially modified
insulated shipping containers manufactured by GP Solutions, Inc.,
in which plants, herbs and spices may be grown hydroponically in a
controlled environment and (ii) Medtainers, which may be used to
store pharmaceuticals, herbs, teas and other solids or liquids and
can grind solids and shred herbs.


AFFINITY GAMING: S&P Affirms 'B-' ICR Following Proposed Add-on
---------------------------------------------------------------
S&P Global Ratings affirmed all ratings on U.S. gaming operator
Affinity Gaming, including its 'B-' issuer-credit rating.

The stable outlook reflects S&P's forecast for Affinity to sustain
EBITDA at a level that supports coverage of interest expense of at
least 1.5x, adequate liquidity, and good operating cash flow.

Affinity plans to issue a $70 million add-on to its $475 million
senior secured notes due 2027 and use the proceeds for general
corporate purposes, which may include working capital, capex, or
acquisition investments.

S&P said, "The proposed transaction does not alter our forecast for
Affinity to maintain EBITDA coverage of interest of at least 1.5x
and adequate liquidity. We expect the cash flow contribution from
any potential investment will be sufficient to offset the
incremental debt incurred, and associated interest expense from the
add-on. As a result, we continue to forecast adjusted leverage will
remain around 7x and EBITDA coverage of interest of around 2x, in
2021 and 2022, which supports the 'B-' rating. Further, we continue
to believe Affinity will maintain adequate liquidity through
operating cash flow generation, excess cash on hand, and revolver
availability.

"We believe Affinity's casino properties can generate higher EBITDA
in 2021 than 2019--even with our forecast for lower
revenue--because we believe it can maintain some of the cost cuts
from 2020. We believe that through at least the first half of 2021,
Affinity will continue to benefit from cost reductions made while
its properties were closed in 2020, particularly by keeping some
lower-margin amenities closed and by keeping marketing at reduced
levels. We believe that since leisure alternatives may still be
somewhat limited in Affinity's markets, and since many gaming
competitors have also reduced marketing spending, Affinity will
also reduce marketing until its operating markets become more
competitive following broader openings of leisure alternatives and
less-stringent social distancing requirements, which we assume may
occur over the next few months. Further, we believe a mix shift
toward higher-margin gaming revenue in the first half of 2021 will
support higher EBITDA margin at Affinity's properties in 2021
relative to 2019.

"The stable outlook reflects our forecast for Affinity to sustain
some cost cuts over the next several quarters and maintain EBITDA
at a level that supports coverage of interest expense of at least
1.5x."

S&P could lower the rating if:

-- EBITDA generation is weaker than we are expecting and no longer
supports interest coverage of at least 1.5x; or

-- The company begins to deplete its excess cash balances or
revolver availability.

Higher ratings are unlikely over the next several quarters given
our forecast for adjusted leverage to remain around 7x through
2022. S&P could raise the rating if:

-- S&P expects Affinity to maintain adjusted leverage under 6.5x.


-- As the company's capital structure does not include prepayable
debt, improving adjusted leverage to this level would need to
result from better-than-expected EBITDA generation, which could
occur if EBITDA modestly (around 10%) outperforms our base-case
forecast.

-- The company's financial policy is aligned with sustaining
leverage below 6.5x.


AHEAD DB: Moody's Affirms 'B2' CFR & Rates New $400MM Notes 'Caa1'
------------------------------------------------------------------
Moody's Investors Service affirmed Ahead DB Holdings, LLC's B2
Corporate Family Rating, B2-PD Probability of Default Rating, and
B1 debt instrument ratings for the $115 million first lien
revolving credit facility due October 2025 and $785 million first
lien term loan due October 2027. Concurrently, Moody's assigned a
Caa1 rating to the proposed $400 million senior unsecured notes due
2028. The outlook remains stable.

Net proceeds from the proposed $400 million senior unsecured notes
due 2028 are earmarked to fully repay the existing $235 million
second lien term loan due October 2028 and approximately $155
million of the existing $785 million first lien term loan
outstanding. Upon full repayment of the second lien term loan,
Moody's will withdraw the existing Caa1 rating. Moody's views the
proposed transaction as credit positive, as it is expected to
slightly reduce annual pro forma interest expense without
materially changing the aggregate debt balance outstanding.

Affirmations:

Issuer: AHEAD DB Holdings, LLC

Corporate Family Rating, Affirmed B2

Probability of Default Rating, Affirmed B2-PD

Senior Secured Bank Credit Facility, Affirmed B1 (LGD3)

Assignments:

Issuer: AHEAD DB Holdings, LLC

Senior Unsecured Regular Bond/Debenture, Assigned Caa1 (LGD5)

Outlook Actions:

Issuer: AHEAD DB Holdings, LLC

Outlook, Remains Stable

RATINGS RATIONALE

The B2 CFR reflects AHEAD's small scale compared to competing IT
value-added resellers and managed services firms as well as the
challenges of evolving requirements of IT deployments for
enterprises including the ongoing transition to cloud platforms.
Debt/EBITDA as of December 31, 2020 remains modestly high at 6x
(Moody's adjusted, with partial credit for planned cost synergies
and pro forma for the new capital structure). Moody's expects
credit metrics, including adjusted leverage and free cash flow,
will improve over the next year primarily as the company further
integrates RoundTower and Kovarus, both acquired in October 2020,
and boosts revenue and profits through the realization of cost
synergies and cross-selling opportunities. Although revenues for
AHEAD will increase by over 50% due to the acquisitions of
RoundTower and west coast-based Kovarus, resulting in greater scale
and geographic expansion, AHEAD will continue to have high vendor
concentration given more than 50% of the company's product revenues
will be represented by Dell EMC products. In addition, there is
some sector concentration risk given roughly 50% of revenues will
be derived from financial services and healthcare verticals.

Ratings are supported by AHEAD's position as a major U.S. channel
partner for Dell EMC and other suppliers resulting in favorable
vendor terms. In addition, more than 70% of AHEAD's revenues are
generated from Fortune 1000 clients along with privately held
businesses and non-profit organizations of similar size, which has
supported consistent topline growth. Moody's expects continued
revenue gains over the next year, albeit in the low single digit
percentage range. Moody's base case projections incorporate only
partial credit for planned cost synergies, although AHEAD has a
good track record for realizing targeted cost synergies tied to
acquired business.

Moody's expects that AHEAD will maintain good liquidity over the
next year, despite being a full taxpayer, supported by adjusted
free cash flow to debt in the mid to high single digit percentage
range and full access to its $115 million revolver. Good free cash
flow reflects the low level of reported annual capital expenditures
(less than 1% of revenue) and modest working capital needs which is
supported by favorable vendor terms.

Ratings for AHEAD's debt instruments reflect the B2-PD overall
probability of default and an average family recovery in a default
scenario. The B1 rating on the first lien debt instruments is one
notch above the CFR, reflecting their position ahead of the
unsecured notes. The Caa1 rating assigned to the senior unsecured
notes is two notches below the CFR reflecting the junior debt's
position behind the first lien debt instruments.

Ahead is exposed to governance risks typical of private-equity
ownership, given that financial sponsors, including Centerbridge
Partners and Berkshire Partners, look to enhance equity returns
through distributions or debt financed acquisitions. Accordingly,
Moody's views AHEAD's financial policy to be somewhat aggressive
given the private-equity ownership, and the potential for debt
financed distributions or acquisitions to enhance equity returns.
Lack of public financial disclosure and the absence of board
independence are also governance risks.

The stable outlook reflects Moody's expectation that AHEAD will
continue to grow its revenue base while maintaining adjusted EBITDA
margins at more than 8%, with most of the planned acquisition
synergies being achieved in the first year following the
transaction close. Moody's also expects that AHEAD will maintain
its position as a leading provider of technology-based solutions in
the southeast and midwestern regions of the US. Moody's expects
credit metrics, including adjusted leverage and free cash flow,
will improve primarily as revenue and profits grow. Absent
additional acquisitions, Moody's expects excess cash will be used
to reduce debt balances.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Ratings could be upgraded if AHEAD continues to grow its top line,
expand its geographic reach, and improve its credit metrics
resulting in adjusted debt to EBITDA being sustained below 4 times
with adjusted free cash flow to debt above 12%.

Ratings could be downgraded if a decline in revenue or cash flow
lead to adjusted debt to EBITDA being sustained above 6x or reduced
EBITDA margins. There would be downward pressure on ratings if
liquidity were to weaken resulting in adjusted free cash flow to
debt below 5% or reduced revolver availability. A deteriorating
relationship with key suppliers, including Dell EMC, could also
place downward pressure on ratings.

AHEAD DB Holdings, LLC, headquartered in Chicago, IL, is a domestic
provider of technology-based solutions serving Fortune 1000
companies in the data center and cloud as well as a high-value
sales channel partner for OEMs. The company will be owned by
Centerbridge Partners and Berkshire Partners (roughly 67%) and
management (33%) with estimated gross annual revenues projected to
approach $2.1 billion over the next 12-18 months.

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


ALLY FINANCIAL: S&P Assigns 'BB-' Rating $1.35BB Preferred Stock
----------------------------------------------------------------
S&P Global Ratings assigned a 'BB-' rating to Ally Financial Inc.'s
public offering of $1.35 billion aggregate principal amount of its
4.7% fixed-rate reset noncumulative perpetual preferred stock,
series B. The rating on the preferred stock is four notches lower
than the company's stand-alone credit profile of 'bbb', based on
deferral risk and the issue's subordination to Ally's existing and
future subordinated and senior debt. Ally intends to use the net
proceeds from the offering to redeem its trust preferred
securities.

S&P said, "We view Ally's preferred stock issuance somewhat
favorably given that it would boost the company's capital ratios,
by our measure. We classify the preferred issuance as having
intermediate equity content and include it in our calculation of
total adjusted capital, which is the numerator in our risk-adjusted
capital (RAC) ratio. We estimate that this preferred issuance will
add approximately 100 basis points to our RAC ratio (calculated pro
forma as of Dec. 31, 2020). Ally's common equity Tier 1 (CET1)
capital ratio was 11.1% as of March 31, 2021. We project that the
company's RAC ratio will remain on the upper end of the 7%-10%
range that we typically consider adequate over the next two
years."



ALPINE 4 HOLDINGS: Incurs $8.1 Million Net Loss in 2020
-------------------------------------------------------
Alpine 4 Holdings, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$8.05 million on $33.45 million of net revenue for the year ended
Dec. 31, 2020, compared to a net loss of $3.13 million on $28.15
million of net revenue for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $40.73 million in total
assets, $49.52 million in total liabilities, and a total
stockholders' deficit of $8.79 million.

Alpine 4 stated, "Based on the recent capital raise...management
believes the Company has sufficient working capital to satisfy the
Company's estimated liquidity needs for 12 months from the issuance
of our financial statements for the year ended December 31, 2020.

"However, there is no assurance that management's plans will be
successful due to the current economic climate in the United States
and globally.  At the time of issuance of our consolidated
financial statements, management believed that the previously
reported going concern has been alleviated based on the reasons set
forth above, and management determined that there is no longer any
substantial doubt as to the Company's ability to continue as a
going concern."

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

https://www.sec.gov/Archives/edgar/data/1606698/000109690621000759/alpp_10k.htm

                          About Alpine 4

Alpine 4 Holdings, Inc (formerly Alpine 4 Technologies, Ltd) is a
publicly traded conglomerate that is acquiring businesses that fit
into its disruptive DSF business model of drivers, stabilizers, and
facilitators.  As of April 14, 2021, the Company was a holding
company that owned nine operating subsidiaries: ALTIA, LLC; Quality
Circuit Assembly, Inc.; Morris Sheet Metal, Corp; JTD Spiral, Inc.;
Deluxe Sheet Metal, Inc,; Excel Construction Services, LLC;
SPECTRUMebos, Inc.; Impossible Aerospace, Inc.; and Vayu (US), Inc.


AMATA LLC: Space Provider Seeks to Use Cash Collateral
------------------------------------------------------
Amata LLC asked the U.S. Bankruptcy Court for the Northern District
of Chicago to authorize the use of cash collateral nunc pro tunc to
the Petition Date, and terminating on May 17, 2021, if a final
order on the request has not been entered before that date.

The Debtor pointed out that its access to cash collateral is
absolutely necessary for ongoing business operations, as well as to
its financial and operational restructuring efforts.

Moreover, the Debtor sought the Court's permission to grant
adequate protection to Busey Bank, the Debtor's pre-petition
lender, to the extent of diminution in the value of the bank's
interest in the cash collateral.

Before the Petition Date, the Debtor contracted three business
loans with the pre-petition lender, together with three non-debtor
affiliates Amata Holdings, LLC; Amata Law Centers, LLC; and Amata
Law Centers 77WW, LLC as co-borrowers.  The loans are guaranteed by
Ronald C. Bockstahler, the Ronald C. Bockstahler Revocable Trust,
and Amata Management, LLC, and cross-secured by all personal
property assets of each borrower.  The current balance of the three
loans aggregate $2,696,861.

As adequate protection, the Debtor proposed to grant the
pre-petition lender, for use of the cash collateral:

    * replacement lien to the extent of diminution of value of the
collateral from and after the Petition Date,

    * a superpriority administrative claim under Section 507(b) of
the Bankruptcy Code for the amount of diminution in value as a
result of the automatic stay, and

    * post-petition payments as set forth in the budget.

The budget provided for $51,814 in cash-based operating expenses
for the week ending April 19, 2021, a copy of which is available at
https://bit.ly/2Q7wCfw from PacerMonitor.com at no charge.

The Debtor also proposed that the prepetition liens, the
replacement liens, and the superpriority claim be subject to a
carve-out for fees payable to the Subchapter V trustee, for
professional fees, costs and expenses incurred by professionals
retained by the Debtors, and those of all case professionals.

Moreover, the Debtor sought the Court's approval to waive any costs
or expenses of administration, which have been or may be incurred
in the Chapter 11 cases at any time, and that they be charged
against the prepetition lender, or any of its claims or the
collateral.

A copy of the motion is available for free at
https://bit.ly/2Q6IDSs from PacerMonitor.com

                           About Amata LLC

Amata LLC -- http://www.amatacorp.com/-- with principal place of
business at 77 W. Wacker Drive, Suite 4500, in Chicago, Illinois,
is an office space provider catering specifically to legal
practitioners.  Amata sought protection under Subchapter V of
Chapter 11 of the Bankruptcy Code on April 12, 2021 (Bankr.
N.D.Illi. Case No. 21-04801) with the U.S. Bankruptcy Court for the
Northern District of Chicago.

In the petition signed by Ronald C. Bockstahler, founder and chief
executive officer, the Debtor is estimated with assets between
$1,000,001 to $10 million and liabilities within the same range.

Judge Jack B. Schmetterer is assigned to the case.

McDonald Hopkins LLC is the Debtor's general bankruptcy counsel:

     Nicholas M. Miller, Esq.
     McDonald Hopkins LLC
     300 North LaSalle Street, Suite 1400
     Chicago, IL 60654
     Telephone: (312) 642-6938
     Facsimile: (312) 280-8232
     Email: nmiller@mcdonaldhopkins.com



AMERGENT HOSPITALITY: Incurs $20 Million Net Loss in 2020
---------------------------------------------------------
Amergent Hospitality Group, Inc. filed with the Securities and
Exchange Commission its Annual Report on Form 10-K disclosing a net
loss attributable to the company of $19.97 million on $18.76
million of total revenue for the year ended Dec. 31, 2020, compared
to a net loss attributable to the company of $17.73 million on
$30.14 million of total revenue for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $28.65 million in total
assets, $31.34 million in total liabilities, $459,608 in
convertible preferred stock, and a total stockholders' deficit of
$3.15 million.

Charlotte, North Carolina-based Cherry Bekaert LLP, the Company's
auditor since 2015, issued a "going concern" qualification in its
report date April 15, 2021, citing that the Company incurred $20.6
million in losses for the year ended Dec. 31, 2020, that included
$1.6 million in asset impairments, and the Company has a working
capital deficit of approximately $12.3 million as of Dec. 31, 2020.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.

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

https://www.sec.gov/Archives/edgar/data/1805024/000149315221008918/form10-k.htm

                          About Amergent

Amergent Hospitality Group Inc. -- http://www.amergenthg.com-- is
in the business of owning, operating and franchising fast casual
dining concepts domestically and internationally.  The Company
operates and franchises a system-wide total of 35 fast casual
restaurants of which 26 are company-owned and included in its
consolidated and combined financial statements, and 9 are owned and
operated by franchisees under franchise agreements.


AMMO INC: Pannell Kerr Replaces Marcum LLP as Accountant
--------------------------------------------------------
AMMO, Inc. dismissed Marcum LLP as its independent registered
public accounting firm effective April 8, 2021.  The decision to
change accountants was approved by the Company's Audit Committee
and Board of Directors.

Marcum's report on the Company's financial statements for the
fiscal year ended March 31, 2020 did not contain an adverse opinion
or a disclaimer of opinion, nor was the report qualified or
modified as to uncertainty, audit scope or accounting principles
except for an explanatory paragraph in the report regarding
substantial doubt about the Company's ability to continue as a
going concern.

As of the date of the dismissal, Marcum did not complete its audit
of the Company's consolidated financial statements for the fiscal
year ended March 31, 2021.  Since Marcum's appointment on April 22,
2020, and through the date of the dismissal, there were (i) no
disagreements with Marcum on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or
procedures that, which disagreements if not resolved to their
satisfaction would have caused Marcum to make reference to the
subject matter of the disagreements in connection with its reports
on the Company's consolidated financial statements for such
periods, and (ii) no "reportable events" within the meaning of Item
304(a)(1)(v) of Regulation S-K, other than as noted above regarding
the Company's ability to continue as a going concern and except for
the material weaknesses identified related to (i) a lack of
segregation of duties; (ii) ineffective corporative governance
controls; (iii) controls that may not be adequately designed or
operating effectively; and (iv) ineffective or delayed
communication of certain contracts entered into in the ordinary
course of business, whether written or oral.

Effective April 8, 2021, the Company engaged Pannell Kerr Forster
of Texas, P.C. as the Company's new independent registered public
accounting firm.  The decision to change accountants was approved
by the Company's Audit Committee and Board of Directors.

The Company said that during the two most recent fiscal years ended
March 31, 2021 and March 31, 2020 and during the subsequent interim
period from April 1, 2021 through April 8, 2021, neither the
Company nor anyone on its behalf consulted PKF regarding either (i)
the application of accounting principles to a specified
transaction, either completed or proposed, or the type of audit
opinion that might be rendered on the Company's financial
statements, and neither a written report nor oral advice was
provided to the Company that PKF concluded was an important factor
considered by the Company in reaching a decision as to any
accounting, auditing or financial reporting issue, or (ii) any
matter that was either the subject of a "disagreement" or a
"reportable event", each as defined in Regulation S-K Item
304(a)(1)(iv) and 304(a)(1)(v), respectively.

                         About AMMO, Inc.

With its corporate offices headquartered in Scottsdale, Arizona
AMMO -- www.ammo-inc.com -- designs and manufactures products for a
variety of aptitudes, including law enforcement, military, sport
shooting and self-defense.  The Company was founded in 2016 with a
vision to change, innovate and invigorate the complacent munitions
industry.  AMMO promotes branded munitions as well as its patented
STREAK VISUAL AMMUNITION, and armor piercing rounds for military
use.

AMMO reported a net loss of $14.55 million for the year ended March
31, 2020, compared to a net loss of $11.71 million for the year
ended March 31, 2019.

New York-based Marcum LLP, the Company's auditor since 2020, issued
a "going concern" qualification in its report dated Aug. 19, 2020,
citing that the Company has incurred significant losses and needs
to raise additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


ARCHBISHOP OF AGANA: Wins Continued Access to Bank's Cash
---------------------------------------------------------
Judge Frances M. Tydingco-Gatewood of the U.S. Bankruptcy Court for
the District of Guam authorized Archbishop of Agana to continue
using cash collateral, pursuant to a budget, after a stipulation
was reached between the Debtor and First Hawaiian Bank.  The budget
-- for the period from March 1, 2021 through June 30, 2022 --
provided for $125,359 in operating expenses for the month of April
2021.

Before the Petition Date, FHB made certain loans to the Debtor in
the aggregate original principal amount of $9,229,854, as amended
from time to time.  To secure the FHB Loans, the Debtor granted FHB
a lien on the Debtor's personal property assets.  As of the
Petition Date, current amounts outstanding under the FHB notes were
approximately $2,064,738 and $2,377,265. FHB has previously agreed
to a series of loan maturity date extensions.

The Court ruled that:

     * The Debtor will continue making regular payments to Secured
Credior in the amounts of $12,599 monthly for Loan No. XXX5675, and
$18,523 monthly for Loan No. XXX5825.

     * the maturity dates of Loan No. XXX5675 and Loan No. XXX5825
are extended to June 23, 2021, pursuant to the parties' agreement.

     * the Debtor will grant FHB replacement liens on and security
interests in all of the Debtor's assets and the proceeds thereof
received after the Petition Date, which replacement liens and
security interests shall be deemed valid, perfect and enforceable
to the same extent and with the same priority as that held by FHB
pre-petition.

     * the Debtor will grant FHB an administrative expense claim
under Sections 503(b)(1), 507(a) and 507(b) of the Bankruptcy Code,
in the amount by which adequate protection afforded proves
inadequate.

A copy of the stipulated order and the budget is available free of
charge at https://bit.ly/3aigj6r from PacerMonitor.com.

                     About Archbishop of Agana

Roman Catholic Archdiocese of Agana -- https://www.aganaarch.org/
-- is an ecclesiastical territory or diocese of the Catholic Church
in the United States. It comprises the United States dependency of
Guam. The Diocese of Agana was established on Oct. 14, 1965, as a
suffragan of the Archdiocese of San Francisco, California. It is a
tax-exempt entity (as described in 26 U.S.C. Section 501).

The Archbishop of Agana, also known as the Roman Catholic
Archdiocese of Agana, sought Chapter 11 protection (D. Guam Case
No. 19-00010) on Jan. 16, 2019. Rev. Archbishop Michael Jude
Byrnes, S.T.D., Archbishop of Agana, signed the petition. The
Archdiocese scheduled $22,962,686 in assets and $45,662,941 in
liabilities as of the bankruptcy filing.

The Hon. Frances M. Tydingco-Gatewood is the case judge.

The archdiocese has tapped Elsaesser Anderson, Chtd. as its
bankruptcy counsel and John C. Terlaje, Esq., as its special
counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on March 6, 2019.  Stinson Leonard Street LLP
and The Law Offices of William Gavras serve as the committee's
bankruptcy counsel and local counsel, respectively.

Attorney for First Hawaiian Bank, secured creditor:

     Richard L. Johnson, Esq.
     Blair Sterling Johnson & Martinez
     A Professional Corporation
     238 Archbisho Flores Street, Suite 1008
     Hagatna, Guam 96910
     Telephone: (671) 477-7857/7559/4212
     Facsimile: (671) 472-4290 or (671) 477-2904
     Email: rljohnson@bsjmlaw.com



ARROW BIDCO: Moody's Affirms B3 CFR & Alters Outlook to Stable
--------------------------------------------------------------
Moody's Investors Service changed the outlook for Arrow BidCo LLC
("Target Hospitality" or "Target") to stable from negative on
improved credit metric expectations as the company recovers from
the COVID-19 shock in 2020 and demand for lodging stabilizes within
the oil and gas sector. Moody's also affirmed Target's B3 corporate
family rating, the B3-PD probability of default rating and the
senior secured notes rating of Caa1. Moody's upgraded the
speculative grade liquidity rating to SGL-3 from SGL-4 on improved
liquidity.

Activity levels in the basins that the company operates in have
been increasing incrementally since mid-2020 as the price of oil
improved. As a consequence, Moody's expects bed utilization levels
and average daily rates to stabilize from levels seen in mid-2020,
although at historically lower levels. In addition, the new
contract for the government segment is a significant source of
contracted revenue over the next few years.

Affirmations:

Issuer: Arrow BidCo LLC

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Senior Secured Regular Bond/Debenture, Affirmed Caa1 (LGD4)

Upgrades:

Issuer: Arrow BidCo LLC

Speculative Grade Liquidity Rating, Upgraded to SGL-3 from SGL-4

Outlook Actions:

Issuer: Arrow BidCo LLC

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

The B3 rating reflects Target Hospitality's high leverage of 5.3x
as of December 2020 (Moody's adjusted), which is expected to
decline towards 4.0x over the next 12 months, narrow operating
scope and exposure to the volatile oil and gas industry, which
accounted for 72% of revenue for 2020. The ratings are further
constrained by high levels of customer concentration -- the top
five customers accounted for 65% of revenue in 2020 with the
largest customer, CoreCivic of Tennessee accounting for 28% of
revenue. Despite the loss of TC Energy as a customer due to the
revocation of the Keystone XL Presidential Permit, the company will
continue to have customer concentration risk with the addition of a
non-profit organization with which the company recently signed a
new contract to provide services in its Government segment.

The pandemic had significant effects on the operations of the
company in 2020 but Moody's expects demand for Target's services to
improve this year and into next year. During the peak of the
pandemic in the second and third quarters of 2020 utilization of
available beds dropped significantly, which led to revenue
declining 35%-40% on a year-over-year basis. This was due to
unfavorable conditions in the oil and gas sector as oil prices
declined and due to the effect of COVID when social distancing
measures caused demand for lodging and related services to fall.
Moody's expects revenue growth for 2021 to increase in the
mid-teens as activity in the basins pick up and from revenue from
the new non-profit contract. The company benefits from strong
EBITDA margins of over 30%, which should reduce leverage to 4.0x by
the end of this year. Cash flow is expected to be positive and free
cash flow to debt is expected to be around 12% for this year.

Target Hospitality's ratings benefit from its long-term contracts
that are further supported by high client retention rates. The
majority of its revenue base is contracted for multiple years,
often on a take-or-pay basis, with large blue-chip oilfield
services companies and large investment grade integrated energy
companies. In 2020, 69% of revenue generated was from contracts
with guaranteed payment regardless of occupancy levels, which
provides a floor to earnings. In addition, 46% (by revenue) of
total committed contracts contain exclusivity provisions under
which Target's customers exclusively use the company's services for
all of their needs across geographies where the company's services
are present. Of the contracts that are not committed, approximately
80% have exclusivity. The weighted average term of the company's
contracts is approximately 39 months and Target has maintained a
client renewal rate of at least 90% over the last five years.

The stable outlook reflects the improved overall operating
conditions for the company, including an improved outlook for the
oil and gas sector. Moody's expectation for crude prices for 2021
is a range of $45/bbl to $65/bbl, which is above the typical
break-even prices in the Permian, where the company has most of its
facilities. The outlook also incorporates the large government
contract that was announced by Target that provides contracted
revenue and cash flow with minimal capex requirements. Although the
company will not generate any revenue from TC Energy due to the
stoppage of Keystone by government order, the new contract and
increased utilization of beds mitigates that loss of revenue.
Utilization is expected to increase to around 70% in 2021 after
reaching a trough in 3Q 2020 when only 36% of beds were utilized.
Demand for the beds will come from higher activity in the Permian
and the from the new contract in the government division.
Utilization in 4Q 2020 was 43% and the 4,000 beds that have been
allocated to the new contract represent almost 30% of total
available beds during 4Q2020.

The debt instrument ratings reflect Target's B3-PD probability of
default rating and expected loss for individual instruments. The
Caa1 ratings on the senior secured notes reflects the B3-PD PDR and
a Loss Given Default assessment of LGD4. The notes are positioned
behind the ABL facility and ahead of all other creditors in Moody's
hierarchy of claims at default. The notes are secured by a second
priority lien on all assets of the company and guaranteed on a
secured, second lien basis by all current and future subsidiaries.

The SGL-3 speculative grade liquidity rating reflects Moody's
expectation that Target's liquidity will be good over the course of
2021 and into 2022. Cash at the end of December 2020 was
approximately $7 million, while the company had $77 million
available under its ABL facility that matures in September 2023.
The company's cash flow is expected to be positive through this
year and allow for the pay down of the revolver ($48 million
outstanding as of the end of 2020). The ABL credit agreement
contains springing covenants- a minimum fixed charge coverage of
1.0x and total net leverage ratio of 4.0x, tested if the
availability under the facility falls below $15.6 million or 12.5%
under the line cap. Currently the borrowing base size is $200
million and the revolver notional size is $125 million, which
implies that the company has the ability to increase the size of
availability should it be required. Cash needs for the company over
the next twelve months include approximately $19 million in capex
and $38 million in interest expense. Most of the capex for this
period is growth capex that will be used to expand the number of
beds at existing facilities.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings could be upgraded if the outlook for the oil & gas
sector improves, and is expected to be sustained, if the company
gains new multi- year contracts in the government sector that
meaningfully increase revenue scale, if geographic and sector
exposure is diversified to include new sectors or areas, adjusted
debt-to EBITDA is sustained below 4.0x, and free cash flow-to-debt
is sustained above 12%. An upgrade would also require an
expectation that the company would maintain good liquidity
provisions with a prudent capital structure and financial policies
that support the aforementioned leverage level.

The ratings could be downgraded if debt-to-EBITDA is sustained
above 6x (Moody's adjusted); occupancy, average daily rates and
utilization rates decline significantly; if the level of contracted
revenue declines significantly thus reducing the visibility of cash
flows, or free cash is lower than expected thus increasing the
reliance on the ABL facility.

Headquartered in The Woodland, Texas, Target Hospitality provides
turnkey specialty rental workforce lodging and hospitality
solutions in North America. The company provides vertically
integrated lodging and catering services mainly to oil and gas
companies that operate in the Permian Basin and Bakken. Target also
serves the government sector where it provides its services to
immigration related facilities in Texas. The company generated
revenue of $225 million in 2020. Target Hospitality is owned by TDR
Capital LLP, which owns approximately 63% of the company, with the
remaining ownership consisting of the founders of Platinum Eagle
Acquisition Corp., investors in Platinum Eagle, and other public
shareholders.


ASP LS: S&P Assigns 'B-' Issuer Credit Rating, Outlook Stable
-------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issuer credit rating to ASP LS
Acquisition Corp. The outlook is stable.

S&P said, "We also assigned our 'B-' rating and '3' recovery rating
to the company's proposed $675 million first-lien term loan,
indicating our expectation for meaningful (50%-70%; rounded
estimate: 60%) recovery in the event of a payment default, and our
'CCC' rating and '6' recovery rating to the $205 million
second-lien term loan, indicating our expectation for negligible
(0%-10%; rounded estimate: 0%) recovery.

"The stable outlook reflects our view that LaserShip will continue
to increase its scale and earnings over the next 12 months,
benefiting from favorable retail e-commerce growth trends and our
expectation that its adjusted debt to EBITDA will decline toward
7x.

"We anticipate LaserShip's adjusted debt to EBITDA will decline
toward 7x and funds from operations (FFO) to debt will be in the
high-single-digit percent area over the next 12 months. LaserShip
experienced significant top-line and earnings growth in 2020,
benefiting from the trend of continuing adoption of e-commerce,
accelerated further by the COVID-19 pandemic. LaserShip's total
package delivery volumes increased 72% to 96 million in 2020 from
56 million in 2019. For 2021, we expect this favorable secular
tailwind will continue, which should drive volume expansion and
earnings growth. In addition, we expect LaserShip will maintain at
least mid-teens percentage adjusted EBITDA margins. As a result, we
assume positive cash flows, aided by low maintenance capital
spending requirements. Still, our view of the company's financial
risk incorporates its controlling ownership by a financial sponsor,
limiting the potential for sustained long-term deleveraging.

"Our view of LaserShip's business incorporates its participation in
the competitive package express industry as a regional service
provider with a focus on the eastern U.S. While the total
addressable market for domestic express parcel delivery is large,
LaserShip only accounts for a small portion of this market
dominated by United Parcel Service Inc. and FedEx Corp. In
addition, LaserShip's end market is somewhat concentrated in retail
industry, in S&P's view. This is partially offset by its
fast-expanding customer base (13 new customers in both 2019 and
2020, 26 new wins year-to-date this year), which somewhat improves
customer diversification over time, reducing dependence on one
large customer. In addition, the company has some pricing
advantages for last-mile delivery services compared to its
competitors UPS and FedEx, benefiting from its asset-light business
model.

S&P said, "The stable outlook reflects our expectation that
LaserShip will continue to increase scale and earnings over the
next 12 months, benefiting from favorable retail e-commerce growth
trends. We anticipate its credit metrics will improve in 2021, with
debt to EBITDA approaching 7x and FFO to debt in the
high-single-digit percent area."

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

-- The company generates negative free operating cash flow (FOCF)
or liquidity becomes constrained. Although not expected currently,
this could be a result of significant revenue or earnings declines
due to, for example, major customers losses or a shift in
competitive dynamics within the industry; and

-- S&P views the capital structure as unsustainable in the long
term, even if the company does not face a near-term (within 12
months) credit or payment crisis.

S&P could raise its rating over the next year if:

-- The company generates higher-than-expected earnings, causing
its adjusted debt leverage to decline below 6.5x and FFO-to-debt
ratio rise above 9% on a sustained basis; and

-- S&P believes LaserShip's financial sponsor would allow it to
sustain this improvement.



ATLAS MIDCO: S&P Assigns 'B-' ICR on Buyout of Aspect Software
--------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issuer credit ratings to Atlas
Midco Inc., the new holding company, and Atlas Purchaser Inc., the
borrowing entity. S&P also assigned 'B-' ratings to the proposed
first-lien term loan and revolving credit facility and a 'CCC+'
rating to the second-lien term loan.

The positive outlook reflects S&P's expectation that pro forma
revenue growth will be maintained in the low-single-digit percent
area and EBITDA margins in the low-30% area helped by prior
restructuring actions and a recent return to growth at Aspect. As a
result, assuming a successful integration, S&P believes leverage
could fall below 6.5x and FOCF-to-debt remain above 5% within the
next 12 months as cost synergies are realized.

Atlas will likely benefit from solid FOCF generation despite its
considerable starting leverage and cash interest burden. The
ratings largely reflect the significant debt balance at transaction
close resulting in leverage in the 7x area and expected cash
interest of $50 million-$55 million. S&P said, "We expect leverage
to remain at the 7x area by year-end 2021 with integration costs
offsetting modest revenue growth and some in-year cost synergies.
However, we expect leverage to reduce toward the 6x area in 2022 as
EBITDA margins improve toward the mid-30% area from fully realized
cost synergies. In addition to modest capital expenditure (capex)
and working capital needs, we expect the company's good
profitability to support FOCF to debt of above 5%, equivalent to
about $50 million-$60 million."

S&P said, "Our adjusted debt and EBITDA figures include our
standard adjustments for operating leases and stock compensation.
We also adjust revenue and EBITDA for the effect of purchase
accounting on deferred revenues. However, we do not net surplus
cash in our adjusted debt figures because we believe the company
will likely use cash for purposes other than debt prepayment given
its financial-sponsor ownership.

"Noble Systems increases Aspect's scale and customer base, but we
believe there could be integration risks. The merger with Noble
Systems somewhat increases Aspect's scale, expands its customer
base more toward the smaller enterprise and mid-market space, and
adds gamification WFO tools. However, we also consider there to be
integration risks given that Aspect has only recently completed
significant restructuring efforts started in 2019 to stabilize
revenues and increase operating efficiencies. These efforts
especially drove an increase in Aspect's EBITDA margins to about
31% in 2020 from 10.5% in 2019 due to about $90 million of realized
cost savings.

"We expect revenue growth in the low-single-digit percent area
helped by secular market demand for cloud products. We expect Atlas
to continue to experience modest growth in the coming years with
cloud revenues (38% of total revenues) benefitting from the
stronger demand in the wider contact center solutions market for
such products. We particularly expect increasing cloud
contributions and some cross-selling opportunities within the
combined customer base to exceed declines in on-premise-related
support and services revenues due to migrations. This follows
Aspect's strategic focus on its core enterprise customer base and
maintaining feature-parity across its on-premise and cloud
platforms contributing to a return to growth in 2020 of about 2%
and slowing down the rate of on-premise-related revenue declines.
At the same time, we note that our growth expectations for Atlas
remain weaker than cloud-focused peers such as Five9 and NICE
Systems due to divergent growth prospects between on-premise and
cloud-based products."

Atlas lacks the scale of some of its rated peers but benefits from
strong EBITDA margins. The merged company would have a revenue base
of around $400 million, which is smaller than some of its rated
peers such as Genesys or Avaya with greater financial resources.
S&P said, "We also consider the contact center solutions market to
be fragmented and competitive in nature, which we believe could
result in a need for significant investments if the company were to
seek greater long-term growth. However, we view Atlas' solutions as
mission-critical resulting in gross revenue retention of around
94%. We also recognize the company's low customer concentration
(top-10 customers represent about 11% of revenues) and view its
EBITDA margins in the low-30% area as being higher than average for
enterprise software companies."

S&P said, "The positive outlook reflects our expectation that the
company will maintain pro forma revenue growth in the
low-single-digit percent area and EBITDA margins in the low-30%
area helped by prior restructuring actions and a recent return to
growth at Aspect. As a result, assuming a successful integration,
we believe leverage could fall below 6.5x and FOCF to debt will
likely remain above 5% within the next 12 months as cost synergies
are realized."

S&P could raise its rating within the next 12 months if:

-- S&P believes the combined company can maintain stable or
growing pro forma revenues on a sustained basis supported by
ongoing strong demand for cloud products as well as cross-selling
activities and effective sales execution;

-- The integration of Aspect and Noble is successfully executed as
planned such that we expect EBITDA margins to be sustained well
above 30% from cost synergies without a material negative impact on
sales or other business functions; and

-- S&P expects leverage to stay below 6.5x or FOCF to debt above
5% even after accounting for potential acquisitions or shareholder
distributions.

S&P could revise our outlook to stable on the rating if:

-- Integration challenges and greater-than-expected restructuring
costs result in EBITDA margins decreasing below 30%; or

-- S&P expects leverage to remain above 6.5x or FOCF to debt fall
below 5%, which could be the result of a financial policy that
includes significant debt-funded acquisitions or shareholder
distributions.


AVINGER INC: SBA Forgives $2.3 Million Loan
-------------------------------------------
Avinger, Inc. was notified by Silicon Valley Bank, the lender on
the Company's Paycheck Protection Program Loan, that the Company's
PPP Loan had been fully forgiven by the U.S. Small Business
Administration and that there was no remaining balance on the PPP
Loan.

As previously disclosed, on April 23, 2020, the Company received
the PPP Loan proceeds of $2.3 million pursuant to the Paycheck
Protection Program under the Coronavirus Aid, Relief, and Economic
Security Act.  The PPP was administered by the SBA.  The SBA was
given the authority under the PPP to forgive loans if all employees
were kept on the payroll for a required period and the loan
proceeds were used for payroll, rent and utilities.  The Company
applied for debt forgiveness in December 2020.

                          About Avinger

Headquartered in Redwood City, California, Avinger --
http://www.avinger.com-- is a commercial-stage medical device
company that designs and develops image-guided, catheter-based
system for the diagnosis and treatment of patients with Peripheral
Artery Disease (PAD).

Avinger reported a net loss applicable to common stockholders of
$22.87 million for the year ended Dec. 31, 2020, compared to a net
loss applicable to common stockholders of $23.03 million for the
year ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had
$33.19 million in total assets, $20.12 million in total
liabilities, and $13.07 million in total stockholders' equity.


AVISON YOUNG: Add-on Loan Issuance No Impact on Moody's B2 CFR
--------------------------------------------------------------
Moody's Investors Service stated that Avison Young (Canada) Inc's
add-on senior secured term loan issuance will not impact the B2
rating or Avison Young's B2 Corporate Family Rating. The
incremental issuance is for $50 million and will increase the
existing, covenant-lite term loan due January 2026 to $375 million
in size, excluding amortization paid. Avison Young intends to use
net proceeds from the add-on for growth and investment purposes.

Headquartered in Toronto, Canada, Avison Young (Canada) Inc is a
private global commercial real estate services firm serving
property owners, investors and occupiers with approximately 5,000
real estate professionals in 109 owned and affiliate offices across
15 countries. Service lines include leasing (agency services,
tenant representation, and flexible office solutions), sales and
capital markets (property sales/acquisitions, and real estate
financings), property, facilities and project management, advisory
and consulting as well as investment management. For the period
ended December 31, 2020, Avison Young reported approximately CAD
$721 million in total fee revenues.


BAIC: Seeks Permission to Use Cash Collateral
---------------------------------------------
BAIC asked the U.S. Bankruptcy Court for the Central District of
California to authorize use of cash collateral through the date of
confirmation of a Chapter 11 plan, or the dismissal of its Chapter
11 case.  The Debtor needs the cash collateral to pay for operating
expenses according to the budget, as well as quarterly fees to the
U.S. Trustee.

The Debtor disclosed that three individuals are interest holders in
a piece of the Debtor's real property at 2820 North Eastern Avenue
in Los Angeles, California.  The property has a declared value of
$400,000 and generates monthly rental income of $1,200.  Two claims
with liens attached to the property total at least $22,000 in
principal amount outstanding, while a claim for an unknown amount
relates to a first lien under dispute.  

The Debtor believes there is enough equity, at $368,000, in the
collateral so that interest holders can be afforded adequate
protection in the event of diminution in value of their cash
collateral.

The Debtor sought for a hearing on the request on shortened
notice.

                           About BAIC

BAIC sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. C.D. Cal. Case No. 21-10503) with the U.S. Bankruptcy Court
for the Central District of California on March 24, 2021.

In the petition signed by Steve Awadalla, president, the Debtor is
estimated with up to $50,000 in assets.  Michael E. Plotkin,
Attorney at Law, represents the Debtor as counsel.

Proposed counsel to the Debtor:

    Michael E. Plotkin, Esq.
    Michael E. Plotkin, Attorney at Law
    80 South Lake Avenue, Suite 702
    Pasadena, CA 91101
    Tel: (626) 568-8088
    Fax: (626) 568-8102
    Email:  mepesq@earthlink.net




BAR LOUIE: Wins Court Approval for Its Liquidation Plan
-------------------------------------------------------
Daniel Gill of Bloomberg Law reports that restaurant chain Bar
Louie won bankruptcy court approval of its Chapter 11 plan to
liquidate, after closing or selling all locations.

The plan, approved Wednesday. April 21, 2021, by Judge Mary F.
Walrath of the U.S. Bankruptcy Court for the District of Delaware,
creates a trust that will likely pay unsecured creditors between 2%
and 5% of about $38 million of claims.

A plan administrator will sell Bar Louie's liquor licenses and
other remaining assets to pay claims, according to court-approved
plan disclosures.

                         About Bar Louie

With more than 90 gastrobars across the United States, Bar Louie --
http://www.barlouie.com/-- serves up shareable, chef-inspired grub
with craft cocktails, martinis, beer and wine in an always-social
space.  Known for its handcrafted drinks, as well as its lineup of
local and regional beers which range from 20 to 40 taps depending
on the size of each location, Bar Louie caters to local tastes and
satisfies cravings from daytime until last call.  Game day, brunch,
happy hour, lunch, dinner or late night, Bar Louie is the spot to
hang out with friends and make new ones.  Bar Louie was founded in
downtown Chicago in 1990 and today calls Addison, Texas home.










BARFLY VENTURES: Seeks to Hire Plante Moran as Accountant
---------------------------------------------------------
Barfly Ventures, LLC, and its affiliates seeks approval from the
U.S. Bankruptcy Court for the Western District of Michigan to hire
Plante & Moran, PLLC as their accountants.

The firm will prepare tax returns and necessary extensions for the
year ended Dec. 31, 2020, and assist with final accounting matters,
preparation of support schedules for tax return, and the
application to cancel restructuring debt.

The firm will provide the tax services for a fee not to exceed
$94,000 ($83,000 for the tax return and extension services and
$11,000 for the remaining services).

Dean Feenstra, a partner with Plante Moran, assures the court that
the firm does not hold any interest materially adverse to the
Debtors' estates, and is a "disinterested person" within the
meaning of section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Dean Feenstra
     Plante & Moran, PLLC
     634 Front Avenue NW, Suite 400
     Grand Rapids, MI 49504
     Phone: 616-774-8221
     Email: dean.feenstra@plantemoran.com

                    About BarFly Ventures

BarFly Ventures LLC is the parent company of HopCat, Stella's
Lounge, and Grand Rapids Brewing Co.  Founded in 2008, BarFly
Ventures operates a chain of restaurants.

Barfly Ventures and its affiliates sought Chapter 11 protection
(Bankr. W.D. Mich. Case No. 20-01947) on June 3, 2020.  At the time
of the filing, Barfly Ventures was estimated to have $1 million to
$10 million in assets and $10 million to $50 million in
liabilities.

Judge James W. Boyd oversees the cases.

Debtors have tapped Warner Norcross + Judd, LLP and Pachulski Stang
Ziehl & Jones, LLP as legal counsel; Rock Creek Advisors, LLC as
financial advisor; and Mastodon Ventures, Inc., as investment
banker.

A committee of unsecured creditors was appointed in Debtors'
Chapter 11 cases on June 23, 2020.  The committee has tapped Sugar
Felsenthal Grais & Helsinger, LLP and Jaffe Raitt Heuer & Weiss,
P.C. as its legal counsel, and Amherst Partners, LLC as its
financial advisor.


BARNWELL INDUSTRIES: Swings to $743K Net Earnings in First Quarter
------------------------------------------------------------------
Barnwell Industries, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q disclosing net
earnings of $743,000 on $4.38 million of revenues for the three
months ended Dec. 31, 2020, compared to a net loss of $419,000 on
$4.85 million of revenues for the three months ended Dec. 31,
2019.

Mr. Alexander C. Kinzler, chief executive officer of Barnwell,
commented, "We are pleased to report net earnings for the quarter
ended December 31, 2020 as compared to last years net loss for the
three months ended December 31, 2019, primarily due to a $1,097,000
improvement in equity in earnings of affiliates as compared to the
quarter ended December 31, 2019.

"This increase in the affiliates' earnings reflects improved land
sales at Kaupulehu, North Kona, Hawaii, with the Company having
received $1,712,000 in net cash distributions in our first quarter,
$459,000 of which was a preferred return which contributed to our
net earnings, improving our cash balance and liquidity.  Contract
drilling segment operating profits grew slightly and while oil and
natural gas operating margins declined this was largely due to a
$630,000 non-cash impairment of our oil and natural gas properties
due to lower 12-month historical rolling average oil and natural
gas prices this year as compared to the preceding year, there was
no such oil and natural gas impairment in the first quarter last
year. Our oil and natural gas segment had production increases for
all products in the current quarter as compared to last year's
quarter and the first well we drilled at the Twining property a
year ago is currently producing over 120 barrels of oil a day.

"We are also pleased that general and administrative expenses
decreased $311,000, 21% in the current quarter as compared to last
year's quarter.  The Company also recently entered into a
cooperation and support agreement with MRMP-Managers LLC, the Ned
L. Sherwood Revocable Trust, Bradley M. Tirpak and Ned L. Sherwood,
which we believe will be beneficial in our efforts to reduce
general and administrative expenses for the remainder of fiscal
2021 as compared to the same periods in fiscal 2020.

"Barnwell ended the quarter with $5,370,000 in working capital,
which includes $5,334,000 in cash and cash equivalents.  Also, in
January 2021, we received a net cash distribution in the amount of
$199,000 from the Kukio Resort Land Development Partnerships.
Financial results of this distribution will be reflected in
Barnwell's quarter ending March 31, 2021."

As of Dec. 31, 2020, the Company had $14.04 million in total
assets, $15.70 million in total liabilities, and a total deficit of
$1.66 million.

Barnwell said, "We have experienced a trend of losses and negative
operating cash flows in three of the last four years.  Due to
uncertainties regarding oil prices and the continuing impacts and
uncertainties of the COVID-19 pandemic, we now face a greater
uncertainty about our cash inflows as described above, which in
turn leads to substantial doubt regarding our ability to make the
required discretionary cash outflows for the capital expenditures
necessary to convert our proved undeveloped reserves to proved
developed reserves.  Furthermore, because of the greater
uncertainty about our cash inflows described above, there is
substantial doubt about our ability to fund our non-discretionary
cash outflows and thus substantial doubt about our ability to
continue as a going concern for one year from the date of the
filing of this report.

"Prior to and during fiscal 2021, the Company investigated
potential sources of funding, including non-core oil and natural
gas property sales, however, no probable sources of such funding
have yet been secured.  Additionally, in fiscal 2020, the Company
listed its corporate office on the 29th floor of a commercial
office building in downtown Honolulu, Hawaii for sale to generate
liquidity in order to mitigate the substantial doubt about our
ability to continue as a going concern.  However, the Company's
ability to sell its corporate office at an appropriate time or for
a sufficient price is outside of the Company's control and is
therefore not probable.  Because of this uncertainty as well as the
continuing uncertainties regarding the potential duration and depth
of the impacts of the COVID-19 pandemic on our business as
described above, substantial doubt about our ability to continue as
a going concern for one year from the date of the filing of this
report exists."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/10048/000001004821000007/brn-20201231.htm

                          About Barnwell

Headquartered in Honolulu, Hawaii, Barnwell -- www.brninc.com --
acquires and develops crude oil and natural gas assets in the
province of Alberta, Canada via two corporate entities, Barnwell of
Canada and Octavian Oil.  Barnwell of Canada is a U.S. incorporated
company that has been active in Canada for over 50 years, primarily
as a non-operator participating in exploration projects operated by
others.  Octavian Oil is a Canadian company incorporated in 2016 to
achieve growth through the acquisition of crude oil reserves and
development of those reserves through horizontal well drilling and
completion techniques.

Barnwell reported a net loss of $4.68 million for the year ended
Sept. 30, 2020, compared to a net loss of $12.42 million for the
year ended Sept. 30, 2019.

Dallas, Texas-based Weaver and Tidwell, L.L.P., the Company's
auditor since 2020, issued a "going concern" qualification in its
report dated Dec. 16, 2020, citing that the Company has suffered
recurring losses from operations and has a net capital deficiency.
These conditions raise substantial doubt about its ability to
continue as a going concern.


BASIC ENERGY: Incurs $268.2 Million Net Loss in 2020
----------------------------------------------------
Basic Energy Services, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$268.17 million on $411.37 million of revenues for the year ended
Dec. 31, 2020, compared to a net loss of $181.90 million on $567.25
million of revenues for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $349.07 million in total
assets, $529.70 million in total liabilities, $22 million in series
A participating preferred stock, and a total stockholders' deficit
of $202.63 million.

Dallas, Texas-based KPMG, the Company's auditor since 1992, issued
a "going concern" qualification in its report dated March 31, 2021,
citing that the recent decline in the customers' demand for the
Company's services has had a material adverse impact on the
financial condition of the Company, resulting in recurring losses
from operations, a net capital deficiency, and liquidity
constraints that raise substantial doubt about its ability to
continue as a going concern.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1109189/000110918921000033/bas-20201231.htm

                         About Basic Energy

Headquartered in Fort Worth, Texas, Basic Energy Services --
www.basices.com -- provides wellsite services essential to
maintaining production from the oil and gas wells within its
operating areas.  The Company's operations are managed regionally
and are concentrated in major United States onshore oil-producing
regions located in Texas, California, New Mexico, Oklahoma,
Arkansas, Louisiana, Wyoming, North Dakota, Colorado and Montana.
Its operations are focused in prolific basins that have
historically exhibited strong drilling and production economics in
recent years as well as natural gas-focused shale plays
characterized by prolific reserves.  Specifically, the Company has
a significant presence in the Permian Basin, Bakken, Los Angeles
and San Joaquin Basins, Eagle Ford, Haynesville and Powder River
Basin.  The Company provides its services to a diverse group of
over 2,000 oil and gas companies.


BCPE EMPIRE: S&P Affirms 'B-' Issuer Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on BCPE
Empire Holdings Inc. (doing business as Imperial Dade). At the same
time, S&P affirmed first-lien issue-level ratings, and assigned a
'CCC' issue-level rating and '6' recovery rating to the proposed
senior unsecured notes due 2027.

The stable outlook reflects S&P's expectation that continued demand
for Imperial Dade's janitorial sanitation and food service
disposable products will support steady revenue growth and stable
profitability and lead to adjusted free operating cash flow (FOCF)
of $80 million-$85 million and pro forma adjusted leverage in the
low- to mid-8x area in 2021.

Despite increased leverage, Imperial Dade will likely remain within
our rating tolerance, albeit with reduced headroom. S&P said, "We
forecast Imperial Dade's pro forma debt-to-EBITDA ratio will
deteriorate to the low- to mid-8x area in 2021 from 7.5x in 2020,
largely due to elevated leverage from recent acquisitions and a
moderate level of pandemic-related delay in the realization of cost
savings. With that said, we expect solid momentum to continue in
the revenue mix shift towards the higher margin
Janitorial-Sanitation (Jan-San) products (representing 45% of total
revenues relative to 35% in 2019), driven by cautionary measures to
contain the spread of the virus. In our opinion, this shift
supported some resiliency as the company mitigated pro forma
revenue declines to 5% despite the meaningful exposure of the
hospitality, leisure, and food service end markets (representing
31% of total revenues). We expect this trend to continue in 2021 as
we do not expect Jan-San products, as a proportion of total sales,
will return to pre-pandemic levels over the long term. Our
assumption for 27.9% revenue growth in 2021 is underpinned by this
trend, contributions from recent acquisitions and a healthy
economic rebound that we expect to normalize weakened end markets
in the latter half of 2021. As that happens, we anticipate revenue
growth will slow to the mid- to high-single-digit percentage area
in 2022. Moreover, there may be upside to our forecast given the
potential for cross-selling opportunities as various end markets
begin to recover in the second half of 2021 into 2022."

Moreover, the company improved EBITDA margins by 90 basis points
(bps) despite the operational impact of the pandemic. This reflects
32.1% in EBITDA growth relative to 13.7% of revenue growth. The
company's solid operating performance reflects its highly variable
cost structure as cost of goods sold represents 75% of its cost
structure. Moreover, the aforementioned mix shift and full
realization of cost savings will likely continue over the next 12
months to support S&P's assumption for at least another 110 bps
margin expansion. While this will result in pro forma leverage of
approximately 8.4x by the end of 2021, the company's modest capital
expenditure (capex) and working capital requirements will support
positive adjusted free operating cash flow generation in the $80
million to $85 million range in 2021, representing approximately
4.5% of free operating cash flow to debt.

S&P said, "We expect Imperial Dade will maintain sufficient
liquidity over the next 12 months. Despite our expectation for
minimal cash balances post transaction, we believe solid free
operating cash flow, full availability of the $245 million
asset-based lending (ABL) facility, and the absence of any
near-term maturities will adequately support day-to-day operations,
allow the company to meet its required debt amortization payments,
and permit it to pursue moderate bolt-on acquisitions over the next
12 months.

"The stable outlook reflects our expectation that continued demand
for Imperial Dade's janitorial sanitation and food service
disposable products will support steady revenue growth and stable
profitability, leading to adjusted FOCF in excess of $80 million
and adjusted leverage in the low-to-mid-8x area in 2021."

S&P could lower its ratings on Imperial Dade over the next 12
months if:

-- The company materially underperforms S&P's base-case
expectations for sales and earnings, resulting in negative FOCF and
a failure to deleverage from its very high leverage levels such
that its capital structure becomes unsustainable; or

-- The company's liquidity materially weakens because of a
weakened operating performance, large debt-financed acquisitions,
integration missteps from recent acquisitions, customer losses, or
an unexpected spike in costs.

S&P said, "Although unlikely, we could raise our ratings on
Imperial Dade if it outperforms our base-case expectations with
adjusted leverage declining below 7.0x and FOCF to debt in the
high-single digit percent area on a sustained basis. In our view,
the reduction in the company's leverage and improvement in its
credit metrics will depend on management's adoption of a more
conservative financial policy, including no material
leveraging/debt-funded acquisitions or shareholder returns."


BEACON ROOFING: S&P Alters Outlook to Positive, Affirms 'B+' ICR
----------------------------------------------------------------
S&P Global Ratings revised its outlook to positive from stable and
also affirmed its 'B+' issuer credit rating on Beacon Roofing
Supply Inc. (BECN). At the same time, S&P assigned its 'BB-'
issue-level and '2' recovery ratings on BECN's proposed $1 billion
term loan B. Additionally, S&P is revising its rating on BECN's
senior secured notes due 2026 to 'BB-' from 'BB', as well as
revising our recovery rating to '2'. Finally, S&P assigned its 'B-'
rating on BECN's proposed $350 million senior unsecured notes due
2029.

S&P said, "The positive outlook indicates our view that adjusted
leverage will remain lower than 5x with EBITDA interest coverage
above 3x for the next 12 months on the back of steady demand for
residential roofing products.

"We expect BECN's adjusted leverage to be lower than 5x over the
next 12 months, supported by recent deleveraging and strong
business tailwinds. We believe the company's divestiture signals an
important transition for the company as it refocuses the
enterprise, improves its financial flexibility, and enhances its
balance sheet. Beacon sold its interior products business to
Foundation Building Materials Inc. for $750 million in after-tax
proceeds, which it used to repay debt. Paired with strong demand
for residential construction, we expect organic revenue growth to
be in the mid-single-digit percent, yet down roughly 10%
year-over-year, which is primarily due to the divestiture. We
expect demand from R&R and residential roofing (approximately 52%
of revenue) to remain steady, as low mortgage rates and trends of
de-urbanization continue. We also note that commercial construction
activities that were impaired by the pandemic in 2020 are not
likely to recover in calendar 2021. We expect reduced spending on
commercial projects (both new and remodeling) to continue over the
next 12 months, which would result in sustained lower volumes from
BECN's commercial end markets. Roofing sales are generally a
nondiscretionary spending item, and roughly 80%-85% of roofing
sales are generated from repair and remodel activity, which we
believe can float BECN's commercial end markets for the foreseeable
future.

"We expect the company to sustain EBITDA margins of 8%-9%, based on
its ability to pass through costs. The company's variable cost
structure has helped it to sustain margins, despite rising costs.
Its EBITDA margins have remained about 8% over the past few
quarters. Further, we believe the company's leading market position
in the roofing materials distribution space better enables it to
pass through price increases implemented by the producers. The
industry continues to face headwinds from commodity and input cost
inflation (such as labor, oil, transportation, and fuel costs). We
believe the company's ability to continue passing through higher
costs will be key to its future earnings and margins. As such, we
expect gross margins of 24%-25% and EBITDA margins of 8%-9% over
fiscals 2021-2022.

"We expect BECN will continue its strategy of expanding through
acquisitions and greenfield projects to increase its geographic
footprint and revenue base. We estimate the company is 2x larger
than its next largest competitor and view the remainder of the
roofing industry as highly fragmented. Therefore, we anticipate
BECN will use its free cash flow for acquisitions and greenfield
expansions. We also expect some borrowings from its revolving
facility for funding purposes, which may cause spikes in the
intrayear debt leverage. We recognize BECN has a strong record of
using earnings growth to deleverage following acquisitions,
therefore we expect debt leverage will stay below 5x.

"The positive outlook indicates our view that total leverage
(including leases) will remain lower than 5x with EBITDA interest
coverage above 3x for the next 12 months on the back of steady
demand for residential roofing products and exterior building
materials products."

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

-- Lower-than-expected EBITDA margins of below 8% result in
adjusted leverage sustained above 5x; or

-- The company undertakes an aggressive financial policy, such as
pursuing large debt-funded acquisitions or shareholder dividends,
causing a strain on liquidity for the next 12 months.

S&P may upgrade Beacon over the next 12 months if:

-- Its adjusted debt to EBITDA is well below 5x on stable demand
for roofing and building materials; or

-- The company achieves more favorable cost inflation controls
than anticipated, leading to stronger EBITDA margins above 8%,
enabling the company to reduce debt through earnings.


BLACKTOP INDUSTRIES: Seeks to Hire Lane Law Firm as Legal Counsel
-----------------------------------------------------------------
Blacktop Industries, LLC seeks approval from the U.S. Bankruptcy
Court for the Western District of Texas to hire The Lane Law Firm,
PLLC as its legal counsel.

The firm will provide these services:

     a. advise the Debtor regarding its powers and duties, the
continued operation of its business, and management of its
property;

     b. assist the Debtor in analyzing its assets and liabilities,
investigating the extent and validity of lien and claims, and
participating in and reviewing any proposed asset sales or
dispositions;

     c. attend meetings and negotiate with representatives of
secured creditors;

     d. assist the Debtor in the preparation, analysis and
negotiation of any plan of reorganization and disclosure
statement;

     e. take all necessary action to protect and preserve the
interests of the Debtor;

     f. appear before the court and the Office of the United States
Trustee; and

     g. perform all other necessary legal services in connection
with the Debtor's Chapter 11 case.

The firm's hourly rates are as follows:

     Robert C. Lane, Esq.      $425 per hour
     Associate Attorneys       $250 - $375 per hour
     Paralegals                $125 - $170 per hour

Lane Law Firm received a retainer from the Debtor in the total
amount of $20,000.

Lane Law Firm is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code, according to court papers
filed by the firm.

The firm can be reached through:

     Robert C. Lane, Esq.
     The Lane Law Firm, PLLC
     6200 Savoy Dr Ste 1150
     Houston, TX 77036-3369
     Tel: (713) 595-8200
     Email: chip.lane@lanelaw.com

                     About Blacktop Industries

Blacktop Industries, LLC -- https://blacktopindustries.net -- is a
family-owned and operated traffic products company based in New
Braunfels, Texas.  

Blacktop Industries sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Texas Case No. 21-50412) on April 8,
2021. In the petition signed by Cherylan Chappell, president, the
Debtor disclosed $900,869 in assets and $1,472,690 in liabilities.
Judge Ronald B. King oversees the case.  Robert Lane, Esq., at The
Lane Law Firm, PLLC, is the Debtor's legal counsel.


BLOCKCHAIN OF THINGS: Incurs $443,171 Net Loss in 2020
------------------------------------------------------
Blockchain of Things, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$443,171 on zero revenue for the year ended Dec. 31, 2020, compared
to a net loss of $1.32 million on $350 of net revenue for the year
ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $1.38 million in total assets,
$13.11 million in total liabilities, and a total stockholders'
deficit of $11.73 million.

New York-based Adeptus Partners LLC issued a "going concern"
qualification in its report dated March 29, 2021, citing that the
Company has a net loss from operations, an accumulated deficit and
has a net capital deficiency that raises substantial doubt about
its ability to continue as a going concern.

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

https://www.sec.gov/Archives/edgar/data/1813793/000166357721000157/bcot10k.htm

                      About Blockchain of Things

Founded in 2015, Blockchain of Things, Inc. is a a technology
company established to develop and implement blockchain technology,
specifically by providing a platform, or web services layer,
designed to improve upon existing blockchain technology, including
its security and ease of use.


BOY SCOUTS OF AMERICA: Faces Narrow Window in Suing Local Councils
------------------------------------------------------------------
Peg Brickle of Reuters reports that the Boy Scouts of America
sex-abuse victims face narrowing windows to sue local councils.

As the Boy Scouts bankruptcy strategy falters, lawyers line up for
a race to the courthouse to preserve victims' rights

Men victimized during their childhood experiences in the Boy Scouts
of America risk losing out on their chance to confront the local
councils that allegedly failed to protect them, as time ticks down
for sex-abuse survivors to file lawsuits in New York and
elsewhere.

In bankruptcy court, the Boy Scouts are struggling to come up with
a settlement offer acceptable to tens of thousands of sex-abuse
victims, part of a chapter 11 restructuring plan meant to protect
from litigation not just the national organization.

                    About Boy Scouts of America

The Boy Scouts of America -- https://www.scouting.org/ -- is a
federally chartered non-profit corporation under title 36 of the
United States Code. Founded in 1910 and chartered by an act of
Congress in 1916, the BSA's mission is to train youth in
responsible citizenship, character development, and self-reliance
through participation in a wide range of outdoor activities,
educational programs, and, at older age levels, career-oriented
programs in partnership with community organizations. Its national
headquarters is located in Irving, Texas.

The Boy Scouts of America and affiliate Delaware BSA, LLC sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-10343) on
February 18, 2020, to deal with sexual abuse claims.

Boy Scouts of America was estimated to have $1 billion to $10
billion in assets and at least $500 million in liabilities as of
the bankruptcy filing.

The Debtors have tapped Sidley Austin LLP as their bankruptcy
counsel, Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel,
and Alvarez & Marsal North America, LLC as financial advisor. Omni
Agent Solutions is the claims agent.

The U.S. Trustee for Region 3 appointed a tort claimants' committee
and an unsecured creditors' committee on March 5, 2020. The tort
claimants' committee is represented by Pachulski Stang Ziehl &
Jones, LLP, while the unsecured creditors' committee is represented
by Kramer Levin Naftalis & Frankel, LLP.


BROOKLYN IMMUNOTHERAPEUTICS: Appoints Dennis Langer as Director
---------------------------------------------------------------
The board of directors of Brooklyn Immunotherapeutics, Inc. elected
Dennis H. Langer, M.D., J.D. to serve as a member of the board,
with a term effective on May 1, 2021 and continuing until the
Company's 2021 annual meeting of stockholders.  It is expected that
Dr. Langer will be appointed to the Board's audit committee.

Dr. Langer has served as a director of several public and private
pharmaceutical, biotechnology and diagnostic companies, and served
in leadership roles in several health care companies.  From 2013 to
2014, Dr. Langer served as chairman and chief executive officer of
AdvanDx, Inc., a developer of advanced molecular diagnostic
products.  From 2005 to 2010, Dr. Langer served as managing partner
of Phoenix IP Ventures, LLC, a private equity and venture capital
firm focused on life sciences companies.  From 2004 to 2005, he was
president, North America for Dr. Reddy's Laboratories, Inc., a
multinational pharmaceutical company.  From 1994 until 2004, Dr.
Langer held several senior positions, including senior vice
president of Research and Development, at GlaxoSmithKline plc (and
its predecessor, SmithKline Beecham plc), a multinational
pharmaceutical company.  Dr. Langer has served as a director of
Myriad Genetics, Inc. (Nasdaq:MYGN), a molecular diagnostic
company, since May 2004.  Dr. Langer received a J.D. from Harvard
Law School, an M.D. from Georgetown University School of Medicine,
and a B.A. in Biology from Columbia University.

                      Resignation of Director

George P. Denny III notified the board of directors of his
intention to resign as a director effective in connection with the
Board's identification and election of an additional new director.
Mr. Denny's resignation as a director will be effective as of May
1, 2021, upon the appointment of Dennis H. Langer to the Board.

                    Indemnification Agreements

The Company's certificate of incorporation provides that it will
indemnify, to the fullest extent permitted by Delaware law, each of
its directors and executive officers against expenses incurred by
the director or executive officer in connection with proceedings
because of their status as one of the Company's directors or
executive officers.  The board of directors has approved a form of
indemnification agreement to be entered into with each person who
serves as one of its directors or executive officers from time to
time in order to provide for, among other things, such
indemnification (subject to certain limitations) as well as the
advancement of all expenses incurred by the director or executive
officer in connection with a legal proceeding arising out of their
service to the Company, in each case to the extent permitted by
Delaware law.

On April 14 and 15, 2021, the Company entered into its standard
form of indemnification agreement with each person serving as one
of its directors and executive officers as of those dates.  The
Company expects each person who joins the Company as a new director
or executive officer after April 15, 2021 to enter into its
standard form of indemnification agreement promptly after
commencing service with the Company.

                 About Brooklyn ImmunoTherapeutics

Brooklyn (formerly NTN Buzztime, Inc.) is focused on exploring the
role that cytokine-based therapy can have in treating patients with
cancer, both as a single agent and in combination with other
anti-cancer therapies.  The company is also exploring opportunities
to advance therapies using leading edge gene editing/cell therapy
technology through its option agreement with Factor
Bioscience/Novellus.  Brooklyn's most advanced program is studying
the safety and efficacy of IRX-2 in patients with head and neck
cancer.  In a Phase 2A clinical trial in head and neck cancer,
IRX-2 demonstrated an overall survival benefit.  Additional studies
are either underway or planned in other solid tumor cancer
indications.

NTN Buzztime reported a net loss of $4.41 million for the year
ended Dec. 31, 2020, compared to a net loss of $2.05 million for
the year ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had
$3.74 million in total assets, $2.89 million in total liabilities,
and $851,000 in total shareholders' equity.

San Diego, California-based Baker Tilly US, LLP, the Company's
auditor since 2013, issued a "going concern" qualification in its
report dated March 11, 2021, citing that the Company incurred a
significant net loss for the year ended Dec. 31, 2020 and as of
Dec. 31, 2020 had a negative working capital balance, and does not
expect to have sufficient cash or working capital resources to fund
operations for the twelve-month period subsequent to the issuance
date of these financial statements.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


BROOKLYN IMMUNOTHERAPEUTICS: Appoints Howard Federoff as CEO
------------------------------------------------------------
Brooklyn ImmunoTherapeutics, Inc. has appointed Howard J. Federoff,
M.D., Ph.D., as chief executive officer, president and director as
of April 16, 2021.  Dr. Federoff succeeds Ronald Guido who was
serving as interim CEO and will remain on Brooklyn's management
team as chief development officer.

"Dr. Federoff brings an unwavering focus on the patient as well as
an outstanding record of clinical, academic and corporate
achievement to Brooklyn ImmunoTherapeutics," said Charles
Cherington, director of Brooklyn.  "Dr. Federoff's unparalleled
record of professional accomplishments and experience will be a
tremendous asset to Brooklyn ImmunoTherapeutics as we advance the
clinical development of IRX-2 as well as explore potential new
opportunities.  We look forward to working with Dr. Federoff to
bring new treatment options to patients living with cancer and
other serious diseases."

"Brooklyn's IRX-2 product offers a significant opportunity to
improve patient outcomes both as a monotherapy and in combination
with other anti-cancer drugs including immune-oncology therapies,"
said Dr. Federoff.  "My top priorities will be the clinical
advancement of IRX-2 in solid tumor indications as well as seeking
opportunities to in-license new therapeutic agents that can extend
and enhance the lives of patients fighting cancer and other serious
diseases.  This is an exciting time in oncology drug development
and I believe that Brooklyn ImmunoTherapeutics will be a leader in
advancing patient care."

Dr. Federoff is a distinguished professor of neurology at the
University of California, Irvine.  He is the former CEO of UCI
Health, vice chancellor for health affairs and dean of the UCI
School of Medicine.  Prior to joining UCI Health, Federoff was
executive vice president of Health Sciences and executive dean at
Georgetown University.  Dr. Federoff has published more than 275
peer-reviewed and invited articles, and serves on editorial boards
of five journals.  He co-founded MedGenesis Therapeutix and Brain
Neurotherapy Bio, both advancing therapeutics for neurologic
diseases.  He became CEO of the regenerative medicine company,
Aspen Neuroscience, Inc, in San Diego.  Aspen is developing an
autologous iPSC drug product for Parkinson's disease.  Dr. Federoff
chaired the NIH Recombinant DNA Advisory Committee, the NHLBI Gene
Therapy Resource and the Board of the Association of the Academic
Health Centers.  He has served as an advisor/director for several
companies.  He is an elected Fellow of the American Association for
the Advancement of Science and the National Academy of Inventors.
He received his MD, MS and PhD in biochemistry from the Albert
Einstein College of Medicine in New York.  He completed his
residency and clinical and research fellowships at Massachusetts
General Hospital and Harvard Medical School.

                   About Brooklyn ImmunoTherapeutics

Brooklyn (formerly NTN Buzztime, Inc.) is focused on exploring the
role that cytokine-based therapy can have in treating patients with
cancer, both as a single agent and in combination with other
anti-cancer therapies.  The company is also exploring opportunities
to advance therapies using leading edge gene editing/cell therapy
technology through its option agreement with Factor
Bioscience/Novellus.  Brooklyn's most advanced program is studying
the safety and efficacy of IRX-2 in patients with head and neck
cancer.  In a Phase 2A clinical trial in head and neck cancer,
IRX-2 demonstrated an overall survival benefit.  Additional studies
are either underway or planned in other solid tumor cancer
indications.

NTN Buzztime reported a net loss of $4.41 million for the year
ended Dec. 31, 2020, compared to a net loss of $2.05 million for
the year ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had
$3.74 million in total assets, $2.89 million in total liabilities,
and $851,000 in total shareholders' equity.

San Diego, California-based Baker Tilly US, LLP, the Company's
auditor since 2013, issued a "going concern" qualification in its
report dated March 11, 2021, citing that the Company incurred a
significant net loss for the year ended Dec. 31, 2020 and as of
Dec. 31, 2020 had a negative working capital balance, and does not
expect to have sufficient cash or working capital resources to fund
operations for the twelve-month period subsequent to the issuance
date of these financial statements.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


CALIFORNIA-NEVADA METHODIST: Two New Members Appointed to Committee
-------------------------------------------------------------------
The U.S. Trustee for Region 17 appointed Joanne Kelly and Whendee
Silver as new members of the official committee of unsecured
creditors in the Chapter 11 case of California-Nevada Methodist
Homes.

The committee is now composed of:

     1. Jeffrey Rhodenbaugh
        Successor Trustee of the Rhodenbaugh Family Trust
        Counsel: Mark Hirsch
        New Tech Law Group
        40815 Grimmer Blvd.
        Fremont, CA 94538
        Phone: (510) 659-8884
        E-mail: mark@ntlg.us

     2. Suzanne M. Kaufmann

     3. Martin Overstreet

     4. Edward M. Keech

     5. Astrid E. Anderson

     6. Whendee Silver
         Trustee of the Silver Family Trust

     7. Joanne Kelly
        Counsel: Chris D. Kuhner
        Nyberg, Bendes, Kuhner & Little, P.C.
        1970 Broadway, Suite 600
        Oakland, CA 94612
        Phone: (510) 763-1000
        E-mail: c.kuhner@kornfieldlaw.com

              About California-Nevada Methodist Homes

California-Nevada Methodist Homes -- http://www.cnmh.org/-- is a
California non-profit public benefit corporation that operates
nursing homes and long-term care facilities.  It presently operates
two continuing care retirement communities, one known as Lake Park,
in Oakland Calif., and the other, known as Forest Hill, in Pacific
Grove, Calif.

On March 16, 2021, California-Nevada Methodist Homes filed a
Chapter 11 petition (Bankr. N.D. Calif. Case No. 21-40363).  The
Debtor estimated assets of $10 million to $50 million and
liabilities of $50 million to $100 million.

The Hon. Charles Novack is the case judge.

Hanson Bridgett LLP, led by Neal L. Wolf, Esq., and Silverman
Consulting are the Debtor's legal counsel and financial advisor,
respectively.  Stretto LLC is the claims agent.


CCO HOLDINGS: S&P Assigns 'BB' Rating on Proposed Unsecured Notes
-----------------------------------------------------------------
S&P Global Ratings today assigned its 'BB' issue-level rating and
'5' recovery rating to CCO Holdings LLC and CCO Holdings Capital
Corp.'s proposed unsecured notes. The '5' recovery rating indicates
its expectation for modest (5% to 25%; rounded estimate: 15%)
recovery for noteholders in a payment default. Parent company
Charter Communications Inc. plans to use the proceeds for general
corporate purposes, which may include share buybacks and debt
repayment.

S&P said, "Our 'BB+' issuer credit rating on Charter is unchanged
because we expect it to maintain debt to EBITDA at the higher end
of its 4.0x-4.5x target range. We believe the company generates
sufficient earnings and free operating cash flow to carefully this
ratio, adjusting its level of share repurchases accordingly.
Importantly, the demand for Charter's residential high-speed data
is increasing and it derives most of its earnings and cash flow
from this high-margin segment. Therefore, we expect the company to
improve its EBITDA by 4%-6% over the next year as it continues to
grow its broadband subscriber base 3%-5% in 2021. Based on these
assumptions, which yield free operating cash flow of about $7
billion-$8 billion in 2021, we have about a $12 billion placeholder
for share repurchases in forecast for 2021."



CENTRAL SIGNS: Seeks to Hire Anne-Marie L. Bowen as Legal Counsel
-----------------------------------------------------------------
Central Signs, LLC seeks approval from the U.S. Bankruptcy Court
for the Middle District of Florida to hire Anne-Marie L. Bowen,
P.A. as its legal counsel.

The firm's services include:

     (a) advising the Debtor regarding its rights and duties in
connection with its Chapter 11 case;

     (b) preparing bankruptcy schedules, statements and legal
documents;

     (c) attending the initial interview, "Section 341" creditors
meeting, and status conferences;

     (d) reviewing proofs of claim;

     (e) assisting in the preparation of monthly operating
reports;

     (k) communicating with clients; and
   
     (l) taking other necessary actions incident to the proper
preservation and administration of the Debtor's bankruptcy estate.

The firm will be paid at these rates:

     Anne-Marie L. Bower     $375 per hour
     Paraprofessionals       $100 per hour

Bowen Law received a retainer in the amount of $7,500, which
includes the $1,738 filing fee.

Bowen Law does not represent interests adverse to the Debtor or to
the estate, according to court papers filed by the firm.

The firm can be reached through:

     Anne-Marie L. Bower, Esq.
     Anne-Marie L. Bowen, P.A.
     816 N Thornton Ave.
     Orlando, FL 32803
     Phone: +1 407-228-1300
     Fax: (407) 228-6605
     Email: courtdocs@bowenbankruptcylaw.com

                        About Central Signs

Central Signs, LLC -- https://www.central-signs.com -- designs,
manufactures, installs and maintains custom signage and lighting.
It is the fee simple owner of a warehouse and factory located at
517 Mason Ave., Daytona Beach, Fla., having a comparable value of
$650,000.

Central Signs sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 21-01312) on March 26, 2021. In the
petition signed by Charles H. Hutcherson, manager, the Debtor
disclosed $987,080 in assets and $3,597,627 in liabilities.
Anne-Marie L. Bowen, P.A. and Latham, Luna, Eden & Beaudine, LLP
represent the Debtor as legal counsel.


CENTRAL SIGNS: Seeks to Hire Latham Luna as Co-Counsel
------------------------------------------------------
Central Signs, LLC seeks approval from the U.S. Bankruptcy Court
for the Middle District of Florida to hire Latham, Luna, Eden &
Beaudine, LLP to serve as co-counsel with Anne-Marie L. Bowen,
P.A., the other firm handling its Chapter 11 case.

The firm's services include:

     (a) advising the Debtor regarding its rights and duties in
connection with its Chapter 11 case;

     (b) preparing a plan of reorganization and all aspects of the
plan confirmation process;

     (c) handling all first-day motions as well as contested
matters under Rule 9014; and

     (d) taking other necessary actions incident to the proper
preservation and administration of the estate.

The standard hourly rates of the firm's attorneys and paralegals
are:

     Experienced attorneys        $450 per hour
     Junior paraprofessionals     $105 per hour

The attorneys primarily working on this matter are:

     Daniel Velasquez             $350 per hour
     Justin Luna                  $450 per hour

The firm received a retainer in the amount of $7,500.

As disclosed in court filings, Latham does not represent interests
adverse to the Debtor and its bankruptcy estate.

The firm can be reached through:

     Justin M. Luna, Esq.
     Latham, Luna, Eden & Beaudine, LLP
     111 N. Magnolia Avenue, Suite 1400
     P.O. Box 3353 (32802-3353)
     Orlando, FL 32801
     Telephone: (407) 481-5800
     Facsimile: (407) 481-5801  
     Email: jluna@lathlamluna.com

                        About Central Signs

Central Signs, LLC -- https://www.central-signs.com -- designs,
manufactures, installs and maintains custom signage and lighting.
It is the fee simple owner of a warehouse and factory located at
517 Mason Ave., Daytona Beach, Fla., having a comparable value of
$650,000.

Central Signs sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 21-01312) on March 26, 2021. In the
petition signed by Charles H. Hutcherson, manager, the Debtor
disclosed $987,080 in assets and $3,597,627 in liabilities.
Anne-Marie L. Bowen, P.A. and Latham, Luna, Eden & Beaudine, LLP
represent the Debtor as legal counsel.


CHARLESTON ORTHODONTIC: Seeks to Hire Kathryn Abraham as Accountant
-------------------------------------------------------------------
Charleston Orthodontic Specialists, LLC seeks approval from the
U.S. Bankruptcy for the District of South Carolina to hire Kathryn
Abraham, a certified public accountant practicing in Charleston,
S.C.

The Debtor requires an accountant to prepare financial reports and
projections and assist in the preparation of its Chapter 11 plan of
reorganization.

Ms. Abraham will be paid at an hourly rate of $75 and an initial
retainer of $3,000.

In a court filing, Ms. Abraham disclosed that she does not
represent interest adverse to the Debtor and its bankruptcy
estate.

Ms. Abraham can be reached at:

     Kathryn M. Abraham, CPA
     Kathryn M Abraham, CPA, LLC
     2370 Eagle Creek Dr.
     Charleston, SC 29414
     Phone: +1 843-810-6705
     Email: kathy@kma-cpa.com

             About Charleston Orthodontic Specialists

Charleston Orthodontic Specialists, LLC filed its voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
D. S.C. Case No. 21-00827) on March 24, 2021.  At the time of the
filing, the Debtor disclosed up to $10 million in assets and up to
$50 million in liabilities.  Ivan N. Nossokoff, Esq., at Ivan N.
Nossokoff, LLC, represents the Debtor as legal counsel.


CHESAPEAKE ENERGY: Thunder Works to Secure Arena's Naming Rights
----------------------------------------------------------------
Brandon Martin of Fox 25 reports that the Oklahoma City Thunder is
working to secure a new naming rights partner for Chesapeake Energy
Arena.

According to a news release, Chesapeake Energy Corporation has
informed the Thunder that as part of its recently completed
restructuring, it is terminating its arena naming rights agreement
with the team, effective immediately.

The original agreement was set for 12 years and it was announced in
2011.

While the Thunder looks for a long-term naming rights partner, the
building will continue to be called Chesapeake Energy Arena.

"As we move toward a transition to a new naming rights partner for
our arena, we would like to recognize our extraordinary history
with Chesapeake Energy," said Clayton I. Bennett, chairman of the
Oklahoma City Thunder. "For a decade, the arena has proudly bore
its name and we thank Chesapeake, one of our founding partners, for
its loyal support and partnership."

In addition to Thunder games, the arena plays host to concerts,
sporting and other events that welcome in over one million guests
per year.

The arena was opened in 2002 and is managed by ASM Global and owned
by the City of Oklahoma City.

                       About Chesapeake Energy Corp.

Headquartered in Oklahoma City, Chesapeake Energy Corporation's
(NASDAQ: CHK) operations are focused on discovering and responsibly
developing its large and geographically diverse resource base of
unconventional oil and natural gas assets onshore in the United
States.

Chesapeake Energy and its affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Lead Case No. 20-33233) on June 28, 2020, after
reaching terms of a Chapter 11 plan of reorganization to eliminate
approximately $7 billion of debt.

The Debtors tapped Kirkland & Ellis LLP as legal counsel, Jackson
Walker LLP as co-counsel and conflicts counsel, Alvarez & Marsal as
restructuring advisor, Rothschild & Co and Intrepid Financial
Partners as financial advisors, and Reevemark as communications
advisor. Epiq Global is the claims agent, maintaining the page
http://www.chk.com/restructuring-information         

Wachtell, Lipton, Rosen & Katz serves as legal counsel to
Chesapeake Energy's Board of Directors.

MUFG Union Bank, N.A., the DIP facility agent and exit facilities
agent, has tapped Sidley Austin LLP as legal counsel, RPA Advisors
LLC as financial advisor, and Houlihan Lokey Capital Inc. as
investment banker.

Davis Polk & Wardell LLP and Vinson & Elkins L.L.P. serve as legal
counsel to an ad hoc group of first lien last out term loan lenders
while Perella Weinberg Partners and Tudor, Pickering, Holt & Co.
serve as the group's investment bankers.

Franklin Advisers, Inc., has tapped Akin Gump Strauss Hauer & Feld
LLP as legal counsel, FTI Consulting, Inc. as financial advisor,
and Moelis & Company LLC as investment banker.

On July 9, 2020, the Office of the U.S. Trustee appointed a
committee to represent unsecured creditors in Debtors' Chapter 11
cases.  The unsecured creditors' committee has tapped Brown
Rudnick, LLP and Norton Rose Fulbright US, LLP as its legal
counsel, and AlixPartners, LLP as its financial advisor.

On July 24, 2020, the bankruptcy watchdog appointed a committee of
royalty owners.  The royalty owners' committee is represented by
Forshey & Prostok, LLP.


CITY CHURCH: Seeks Authority to Use Cash Collateral
---------------------------------------------------
City Church asked the U.S. Bankruptcy Court for the Western
District of North Carolina to authorize use of cash collateral from
parishioner contributions.  The Debtor needs funds to pay its
expenses for payroll, maintenance, insurance, taxes and other
operating expenses in order to continue operations.  The Debtor
believes that Herring Bank, the Internal Revenue Service and the
U.S. Small Business Administration have interest in the cash
collateral.

The Debtor proposed to grant the creditors replacement liens to the
same extent and with the same priority as the creditors possessed
pre-petition, as adequate protection.  

Before the Petition Date, the Debtor executed a First Mortgage
Trust Indenture in favor of Herring Bank in the original principal
amount of $6,375,000.  Herring Bank filed a UCC-1 financing
statement with the North Carolina Secretary of State for all of the
Debtor's machinery, furniture, fixtures, inventory, tangibles and
intangible personal property, and all proceeds thereof.  The
Internal Revenue Service recorded a federal tax lien, and filed a
claim for federal taxes as (i) secured claim for $78,026, (ii)
priority claim for $7,812, and (iii) an unsecured general claim for
$26,850.  The U.S. Small Business Administration also filed a UCC
Financing Statement for its claim against the Debtor.

The Debtor said the tax value of its real property of over
$9,000,000 gives equity cushion to the creditors making them over
secured creditors.  

A copy of the motion is available free of charge at
https://bit.ly/3dvHJaM from PacerMonitor.com.

                        About City Church

City Church owns a church facility located at 11901 Sam Furr Road,
Huntersville, NC, having a comparable sale value of $8.6 million.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Court (Bankr. W.D.N.C. Case No. 21-30161) on March 27,
2021. In the petition signed by Michael A. Stevens, Sr., senior
pastor, the Debtor disclosed $8,654,616 in assets and $6,953,375 in
liabilities.

Judge Laura T. Beyer oversees the case.

Robert Lewis, Jr., Esq. at THE LEWIS LAW FIRM, P.A. is the Debtor's
counsel.

The U.S. Internal Revenue Service is represented by:
     
     Assistant U.S. Attorney James Sullivan, Esq.
     227 West Trade Street
     Carillon Building, Suite 1650
     Charlotte, NC 28202
     Tel: 704-344-6222
     Fax: 704-344-6629
     E-mail: JAMES.SULLIVAN2 @USDOJ.GOV



COLLAB9 LLC: Auction Sale of Business/Assets Set for May 18
-----------------------------------------------------------
Judge Ernest M. Robles of the U.S. Bankruptcy Court for the Central
District of California authorized Collab9, LLC's bidding procedures
in connection with the auction sale of business/assets.

A hearing on the Motion was held on April 8, 2021, at 2:00 p.m.

the Bidding Procedures will govern all bids and bid proceedings in
connection with the potential Sale Transaction.  The Debtor is
authorized to take any and all actions necessary or appropriate to
implement the Bidding Procedures.

The form of Asset Purchase Agreement attached to the Bidding
Procedures is approved.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: May 17, 2021, at 5:00 p.m.

     b. Initial Bid: Not less than $1 million (the Debtor's secured
lender will be entitled to credit bid the full amount of its
secured debt)

     c. Deposit: 10% of the Bid

     d. Auction: The Auction, if necessary, will be conducted on
Zoom by the Debtor's bankruptcy counsel on May 18, 2021, at 1:00
p.m. (PT), or such other time and place as the Debtor may notify
Qualified Bidders, the Debtorā€™s secured lender, and Avaya. Only
Qualified Bidders will be permitted to participate in the Auction.
Avaya will be allowed to observe the Auction, whether or not it is
a Qualified Bidder.  In the event the Debtor adjourns the Auction,
the Debtor will file a notice setting forth the adjournment.

     e. Bid Increments: $50,0000

     f. Sale Hearing: May 20, 2021, at 10:00 a.m. (PT)

     g. Sale Objection Deadline: May 7, 2021, at 5:00 p.m. (PT)

The Debtor will file a report with the Court regarding the results
of the Auction, if any, on May 19, 2021.

By no later than April 16, 2021, the Debtor will file and serve
notice of the Cure Schedule.  The Cure Schedule Objection Deadline
is May 7, 2021.

The form of the Auction and Hearing Notice and the Assumption and
Assignment Notice submitted by the Debtor with the Motion are
approved.

Within two business days following the entry of the Order or as
soon thereafter as practicable, the Debtor will cause the Auction
and Hearing Notice to be served upon the Notice Parties.

Notwithstanding any applicability of Bankruptcy Rule 6004(h),
6006(d), 7062 or 9014, the Order will be immediately effective and
enforceable upon entry of the Order.  All time periods set forth in
this Order will be calculated in accordance with Bankruptcy Rule
9006(a).

The Debtor may discontinue the marketing and sale process at any
time.  If the Debtor elects to discontinue the marketing and sale
process prior to the Sale Hearing, the Debtor will file a notice of
termination with the Court.

A copy of the Bidding Procedures and the form of APA is available
at https://tinyurl.com/vds7nkk5 from PacerMonitor.com free of
charge.

                   About Collab9 LLC

Collab9, LLC -- https://www.collab9.com/ -- is a cloud
communications platform that caters to the public sector
marketplace with FedRAMP Authorized Unified Communications as a
Service.  The platform integrates voice, video, messaging,
mobility, presence, conferencing, and customer care in one
predictable, user-based subscription model.

Collab9 sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. C.D. Calif. Case No. 21-12222) on March 19, 2021.  In
the petition signed by Kevin Schatzle, chief executive officer,
the
Debtor disclosed up to $10 million in assets and up to $50 million
in liabilities.

Judge Ernest M. Robles oversees the case.

Victor A. Sahn, Esq., at SulmeyerKupetz, A Professional
Corporation, is the Debtor's legal counsel.



CPV MARYLAND: S&P Assigns Prelim 'BB-' Rating on New Term Loan B
----------------------------------------------------------------
On April 20, 2021, S&P Global Ratings assigned its preliminary
'BB-' project finance issue rating to CPV Maryland LLC's proposed
$375 million term loan B (TLB). S&P also assigned a preliminary '2'
recovery rating to the debt.

CPV Maryland owns St. Charles, an operating 745 MW
natural-gas-fired power plant in Charles County, Maryland. The
facility achieved commercial operations on Feb. 14, 2017, and is
owned equally by four indirect wholly owned subsidiaries of CPV
Power Holdings, LP, Toyota Tsusho Corp., Marubeni Corp., and Osaka
Gas Co. Ltd. The power plant consists of two General Electric Co.
(GE) 7F.05 combustion turbines with associated electric generators,
two CMI duct-fired triple-pressure reheat heat recovery steam
generators, and a single GE D11-A400 steam turbine with associated
electric generator. The facility only burns natural gas fuel.

The St. Charles facility is an efficient gas-fired generator that
is competitively placed in the dispatch curve. With a summer
baseload heat rate of 6,860 Btu/kWh, St. Charles is an efficient
combined cycle generator that sits competitively in the PJM and
SWMAAC dispatch curves. SWMAAC is composed of the Baltimore Gas &
Electric (BGE) and Potomac Electric Power (PEPCO) load delivery
areas and has a forecast peak load of above 12 gigawatts (GW). The
two large load centers in the region are Washington, D.C., and
Baltimore. Due to transmission constraints into the SWMAAC region,
the price of power in SWMAAC is often set by a resource within
SWMAAC. The facility's capacity factor since commissioning in
February 2017 to 2019 was 64%-67%. Similar to that of many other
merchant facilities, the facility's dispatch was negatively
affected during 2020 due to COVID-19 pandemic-related demand
decimation. The capacity factor for the year was 58%. Financial
performance is also highly dependent on operational performance of
the project, which has proven to be reliable within its relatively
short operating history. For the past three years, the facility's
forced outage rate has been below 2%, availability factors were
between 87% and 94%, and its heat rate was steady at about 7,000
Btu/kWh. In 2018, the project upgraded its combustion system, which
increased the facility's capacity by 2% (dependent on ambient
conditions) and improved its heat rate. S&P thinks the facility's
major maintenance and routine capital expenditures will support its
ability to maintain operational competitiveness over its useful
life.

Capacity prices in the MAAC region of the PJM are expected to clear
at a premium compared with the rest of the RTO because of its
generation mix. Prices in MAAC are expected to clear above the RTO
largely because the marginal unit in MAAC is expected to be a
coal-fired unit, which because of low natural gas prices requires
more compensation from capacity market to remain in operation than
the marginal unit in RTO. There is more than 10 GW of coal-fired
capacity currently in operation in MAAC, whose fixed cost structure
is approximated at $130-$170/unforced capacity megawatt per day
(UCAP MW-day), reflecting operating costs, scrubbing costs,
property tax, and insurance. Coal economics are also expected to be
negatively affected by Pennsylvania's anticipated membership in the
Regional Greenhouse Gas Initiative (RGGI) beginning in 2022, which
would likely increase the costs of the price-setting coal unit,
further supporting MAAC's capacity price premium over RTO. S&P
said, "Under our base-case scenario, we forecast capacity prices in
the SWMAAC region for delivery years 2022/2023 and 2023/2024 at
$110 per MW-day and $125 per MW-day, respectively. Beyond that, we
escalate the prices at 2% annually."

RGGI presents an upside for power prices; however, the magnitude of
this uplift depends on several factors. The RGGI is a collaborative
effort of 10 Northeastern states (Connecticut, Delaware, Maine,
Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode
Island, and Vermont), across three markets (ISO-NE, NYISO, and PJM)
to reduce carbon emissions from the power sector. Under this
program, power plant owners in participating states with generating
capacity of 25 MW or above are required to obtain allowances equal
to the number of tons of carbon dioxide they emit. RGGI expanded to
New Jersey in 2020 and Virginia in 2021 and is anticipated to
extend to Pennsylvania in 2022. By this time, 55% of PJM load will
be in RGGI states. RGGI carbon pricing lifts power prices as costs
increase for thermal generators to comply with emission control
targets. This dynamic appears accretive for efficient generators
like St. Charles, which have emission rates below that of the
broader PJM system. That said, the extent to which power prices
will experience an uplift because of RGGI is also dependent on the
fuel that is on the margin, that is, the generator that sets the
price of power (coal, natural gas, and so forth), as well as its
efficiency and resultant emissions relative to St. Charles. RGGI is
also exposed to leakage, which means that the marginal generator at
a given hour is dispatching power from a region that is not
participating in RGGI, and hence it is not subject to RGGI
emissions costs. Such a scenario makes the generators in RGGI
states uneconomic relative to non-RGGI generators, negatively
affecting their dispatch and eliminating any price upside because
of RGGI that could have been realized if similar carbon pricing was
applicable on a systemwide basis. However, S&P notes that this
situation is expected to improve after Pennsylvania joins the RGGI
states next year.

The project's key risk is its exposure to market forces in the PJM,
and the broader merchant power space. The project does not benefit
from any long-term contractual sales, which essentially exposes its
profitability and cash generation to market-related forces. Power
prices are difficult to predict and can exhibit volatility from
period to period due to demand and supply dynamics, weather
conditions, secular industry changes and trends (energy efficiency,
renewable penetration, etc.), capacity additions and retirements,
and applicable regulations--adding uncertainty to cash flows and
forecasts. However, S&P notes that the project will receive
capacity payments (20% of forecast revenues), which will partially
provide cash flow visibility and certainty through the cleared
periods.

The project will be exposed to refinancing risk toward the end of
its debt term. Like other projects financed with TLB structures,
the project will not have sufficient CFADS and cash on hand to
repay debt outstanding at maturity and will therefore be exposed to
refinancing risk and market conditions at that time. S&P said, "We
project TLB outstanding debt at maturity of about $246 million (66%
of issuance amount). That said, we also note a strong project life
coverage ratio (PLCR) at TLB maturity, at 2.54x, which denotes
considerable coverage and project value beyond the proposed debt
life. The PLCR, which is a measure of a project's refinancing risk,
compares the present value of its future cash flows relative to
forecast debt at the point of maturity, establishing the likelihood
that the project will ultimately repay its debt. The analysis is
particularly relevant for projects that have market-sensitive cash
flows and are financed with structures that materially rely on cash
sweeps for the repayment of debt. We also note, however, that the
PLCR is sensitive to changes in our assumptions of variables such
as the discount rate, dispatch, spark spreads, capacity pricing,
asset life, and capital spending; as well as the project's actual
financial performance, which will determine cash sweeps and
consequently the debt outstanding at TLB maturity."

S&P said, "The stable outlook reflects our expectation that CPV
Maryland will continue to operate in line with historical
performance and would largely generate DSCRs in the 1.8x-2.1x range
through the TLB term. We also expect that the minimum DSCR will
remain above 1.35x during the project's life, which includes the
post-refinancing period (2028-2041). Finally, we forecast about
$246 million outstanding on the term loan at maturity in mid-2028,
resulting in a 1.52x minimum DSCR over the life of the asset.

"We would lower the rating if the project is unable to maintain a
minimum DSCR of 1.35x on a sustained basis. This could result from
lower-than-expected capacity factors, weaker energy margins,
depressed capacity prices, and operational challenges such as
forced outages and lower plant availability. We could also consider
a negative rating action if the project's cash flow sweeps were
materially lower than our forecast, which would ultimately lead to
the TLB balance exceeding $246 million at maturity, and
consequently a weaker minimum DSCR, absent any other mitigating
factors.

"Although unlikely during our outlook period, we would consider an
upgrade if we envisioned the project to achieve a minimum DSCR of
at least 1.8x. This outcome would largely be a function of highly
favorable business conditions, which would lead to improved
dispatch, widening spark spreads, or higher-than-expected capacity
pricing."


CRANBERRY TAXI: Hits Chapter 7 Bankruptcy Protection
----------------------------------------------------
Nate Doughty of Pittsburgh Business Times reports that Cranberry
Taxi Inc. has filed for Chapter 7 bankruptcy in the U.S. Bankruptcy
Court for the Western District of Pennsylvania, according to court
documents.

Downtown-based Robert O. Lampl, a law firm that specializes in
bankruptcy filings, is the listed firm representing the taxi
company, according to court documents. A representative from the
offices of Robert O. Lampl did not respond to requests for comment
as of publication.

                       About Cranberry Taxi

Cranberry Taxi Inc. is one of the leading limousine services in
Pittsburgh, providing prompt transportation to wherever you wish to
go since 1985.

The Company filed for Chapter 7 bankruptcy (Bankr. W.D. Pa. Case No
21-20922) on April 16, 2021.

The Debtor's counsel:

        Robert O Lampl
        Robert O Lampl Law Office
        Tel: 412-392-0330
        E-mail: rol@lampllaw.com


DEA BROTHERS: Court Denies Payment of Legal Fees Thru June 10
-------------------------------------------------------------
Judge Erithe A. Smith approved the motion filed by DEA Brothers
Sisters, LLC seeking to use cash collateral and offer adequate
protection to parties-in-interest.  Judge Smith, however, ruled
that no post-petition cash collateral will be used to pay legal
fees through and including June 10, 2021.

Judge Smith further ruled that all creditors will retain their
liens in the same priority as existed as of the Petition Date.  The
Debtor is not required to apportion the net rents between the
senior lender and the junior lender, A&G Interprises LLC, since net
rents are insufficient to pay the contractual payments to the
senior, first position lender.  A&G has not established a
diminution in value of its interest in the subject property
entitling it to adequate protection payments.

Final hearing on the use of cash collateral is set on June 10, 2021
at 10:30 a.m.  The Debtor must file any supplemental pleadings by
May 20.  Parties-in-interest must file objections no later than May
27.  Any reply must be filed by June 3.  Judge Smith directed the
Debtor to self-calendar a hearing on any motion to value the
property on its own.

                   About DEA Brothers Sisters

DEA Brothers Sisters, LLC owns a strip shopping center located at
16502 S. Main St., Carson, Calif.  

DEA sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. D. Calif. Case No. 21-10608) on March 10, 2021.  In the
petition signed by Enayat Ali Jiwani, the sole managing member, the
Debtor disclosed up to $10 million in both assets and liabilities.


Judge Erithe A. Smith oversees the case.  Roger J. Plasse, Esq., at
Osborn & Plasse is the Debtor's counsel.



DEA BROTHERS: Seeks to Hire Osborn & Plasse as Co-Counsel
---------------------------------------------------------
DEA Brothers Sisters, LLC seeks approval from the U.S. Bankruptcy
Court for the Central District of California to employ Osborn &
Plasse to serve as co-counsel with Financial Relief Legal
Advocates, Inc., the other firm handling its Chapter 11 case.
.
Osborn & Plasse will render these services:

     a. assist the Debtor in complying with the Office of the U.S.
Trustee's Chapter 11 Notices and Guides and any revisions thereto;

     b. assist the Debtor in complying with the requirements of
the Bankruptcy Code and the federal and local rules relating to the
administration of its Chapter 11 case;

     c. advise the Debtor of its rights concerning its assets and
the handling of any claims asserted by creditors and other parties
in interest;

     d. represent the Debtor in court proceedings or hearings;

     e. assist the Debtor in preparing legal papers;

     f. prepare and seek approval of the Debtor's disclosure
statement and Chapter 11 plan, and assist the Debtor in getting the
proposed plan confirmed and seeing the plan through to its
completion;

     g. perform other legal services.

The firm's hourly rates are as follows:

     Roger J. Plasse     $325
     Jeffrey T. Osborn   $375

The firm received a retainer in the amount of $25,000.

Roger Plasse, Esq., attorney at Osborn & Plasse, disclosed in a
court filing that all members of his firm are "disinterested
persons" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Roger J. Plasse, Esq.
     Osborn & Plasse
     16152 Beach Blvd., Suite 250
     Huntington Beach, CA 92647
     Phone: (714) 375-5898
     Fax: (714) 375-6110
     Email: rjplasse@beachcitylaw.com

                    About DEA Brothers Sisters

DEA Brothers Sisters, LLC owns a strip shopping center located at
16502 S. Main St., Carson, Calif.  

DEA Brothers Sisters sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Calif. Case No. 21-10608) on March 10,
2021.  In the petition signed by Enayat Ali Jiwani, the sole
managing member, the Debtor disclosed $1 million to $10 million in
both assets and liabilities.  

Judge Erithe A. Smith oversees the case.

Financial Relief Legal Advocates, Inc. and Osborn & Plasse serve as
the Debtor's legal counsel.


DIGITAL MEDIA: Completes Acquisition of Crisp Marketing's Assets
----------------------------------------------------------------
Digital Media Solutions, Inc. and its subsidiary Edge Marketing,
LLC, completed the acquisition of certain assets of Crisp Marketing
LLC (dba Crisp Results), and Union Health, LLC , a wholly owned
subsidiary of Crisp Results.  The acquisition was effected pursuant
to an Asset Purchase Agreement, dated as of April 1, 2021, by and
among the Company, Edge Marketing, the Sellers and Justin Ferreira,
an individual, as seller representative.

"Through this acquisition, we believe we are better able to control
the full-funnel engagement of consumers in the market for
insurance-related products.  The Crisp Results assets will expand
both advertiser demand and media distribution for DMS," stated Joe
Marinucci, CEO of DMS.

Digital Medicare insurance advertising is seeing uplift from
long-term secular trends, including growth from an aging population
(10,000 Americans turn 65 each day) and a transition from
traditional to digital advertising.  By 2024, two-thirds of health
insurance ad spend is expected to be in digital channels, with much
of that ad spend focused on digital performance advertising
solutions, such as those provided by DMS to the Medicare insurance
sector.

The acquisition is expected to present multiple areas of identified
cost savings and a number of cross-sell opportunities across
multiple insurance categories.  Consideration for the transaction
consisted of $40 million paid upon closing, consisting of $20
million in cash and the remainder in equity.  The transaction also
includes up to $10 million in contingent consideration to be earned
over the next twelve months, subject to the achievement of certain
milestones, and a $5 million deferred payment.  The contingent and
deferred compensation can be paid in cash or stock at the election
of DMS.

In connection with the transaction, Justin Ferreira will become
senior vice president, Health & Medicare for DMS and Chris Henry
will become senior vice president, Health & Medicare Marketing, and
both will report to Taryn Lomas, executive vice president of
Insurance at DMS.  "Bringing the Crisp Results processes and
relationships into DMS represents the next chapter in our growth
story," commented Ferreira.  "We're looking forward to introducing
the power of DMS to our publisher partners and advertiser clients
and vice versa."

Investment bank, Canaccord Genuity, advised Crisp Results on the
transaction.

                        About Digial Media

Digital Media Solutions, Inc. -- www.DigitalMediaSolutions.com --
is a digital performance marketing company offering a diversified
lead and software delivery platform that drives high value and high
intent leads to its customers.  The Company is headquartered in
Clearwater, Florida, with satellite offices throughout the United
States and Canada.  The Company primarily operates and derives most
of its revenues in the United States.
Digital Media reported a net loss of $4.47 million for the year
ended Dec. 31, 2020, compared to a net loss of $11.23 million for
the year ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had
$202.42 million in total assets, $276.02 million in total
liabilities, and a total deficit of $73.60 million.


DIGITAL MEDIA: Incurs $4.5 Million Net Loss in 2020
---------------------------------------------------
Digital Media Solutions, Inc. filed with the Securities and
Exchange Commission its Annual Report on Form 10-K disclosing a net
loss of $4.47 million on $332.86 million of net revenue for the
year ended Dec. 31, 2020, compared to a net loss of $11.23 million
on $238.30 million of net revenue for the year ended Dec. 31,
2019.

As of Dec. 31, 2020, the Company had $202.42 million in total
assets, $276.03 million in total liabilities, and a total deficit
of $73.61 million.

Net cash provided by operating activities was $17.0 million for the
year ended Dec. 31, 2020 as compared to $9.6 million used in the
year ended Dec. 31, 2019.  The increase is primarily due to the
acquisition of UE as well as the payout of earnout compensation
related to a previous acquisition during the year ended Dec. 31,
2019.

Net cash used in investing activities for the year ended Dec. 31,
2020 decreased by $50.0 million, or 79% to $13.2 million from $63.2
million for the year ended Dec. 31, 2019 primarily due to the
acquisition of UE in 2019 being significantly larger in cash
investment than the acquisition of SmarterChaos in 2020, net of the
increased investments in internal developed costs.

Net cash provided by financing activities for the year ended Dec.
31, 2020 was $24.5 million, reflecting a decrease of $46.6 million,
or 66%, as compared to $71.1 million for the year ended Dec. 31,
2019.  The decrease in inflows from financing is primarily due to
new long term debt issued in 2020, and the net proceeds from the
Business Combination.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1725134/000172513421000043/dms-20201231.htm

                        About Digial Media

Digital Media Solutions, Inc. -- www.DigitalMediaSolutions.com --
is a digital performance marketing company offering a diversified
lead and software delivery platform that drives high value and high
intent leads to its customers.  The Company is headquartered in
Clearwater, Florida, with satellite offices throughout the United
States and Canada.  The Company primarily operates and derives most
of its revenues in the United States.


DRIVE CHASSIS: Moody's Alters Outlook on B3 CFR to Stable
---------------------------------------------------------
Moody's Investors Service affirmed the ratings of intermodal
chassis equipment provider Drive Chassis HoldCo, LLC, including the
B3 corporate family rating, the B3-PD probability of default rating
and the Caa1 secured second lien debt rating. The ratings outlook
was changed to stable.

The change in outlook to stable reflects the robust demand for
chassis equipment amid strong containerized cargo volumes, spurring
Drive Chassis' earnings and cash flows.

RATINGS RATIONALE

The ratings of Drive Chassis consider the company's position as one
of three main providers of chassis rental equipment for the
transportation of containerized cargo. The company has a market
share of close to 25% in the marine segment of the market. In the
domestic intermodal transport segment, Drive Chassis is the sole
provider of chassis pools for the transportation of 53' containers
that are used by North American freight railroads and other large
transportation and logistics companies. Access to port terminals,
the capital that is required to build a sizeable fleet and the
efficiency of the equipment pool model in the industry establish
barriers to enter this market and mitigate the risk that Drive
Chassis' customers decide to acquire their own chassis equipment.

EBITDA margins will increase towards 40% in 2021 due to elevated
fleet utilization levels through at least the first half of the
year. Drive Chassis' EBITDA margin was 36% in 2020, calculated
after Moody's adjustments. Moody's anticipates that debt/EBITDA
will moderate to 6 times, from 6.7 times at year-end 2020.

Moody's considers Drive Chassis' liquidity to be adequate. Moody's
expects free cash flow to be break-even in 2021 because Drive
Chassis continues to redeploy the cash that it generates to upgrade
and expand its chassis fleet. Importantly, the company is able to
adjust capital expenditures to fluctuations in cash flow from
operations such that free cash flow is unlikely to turn negative.
The availability under the asset-based revolving credit facility --
recently upsized to $1.25 billion - is about $400 million, taking
into account the amount outstanding and the borrowing base. There
are no material debt maturities until 2026.

The $825 million secured second lien term loan due 2026 is rated
Caa1, one notch below the B3 CFR. This reflects the subordinate
claim of the second lien debt in Moody's Loss Given Default
analysis, relative to the $1.25 billion asset-based revolving
credit facility. The asset-based facility has a first-priority
claim on Drive Chassis' assets compared to the second-priority
security interest of the term loan. In determining the rating of
the term loan, Moody's also applied a one notch override up to the
LGD model outcome, balancing the lower recovery prospects for the
term loan due to a potential increase in borrowings under the
upsized credit facility against an enlarged total asset value.

Moody's considers the environmental risk for companies in the
surface transportation and logistics sector to be high.
Nonetheless, Drive Chassis is much less exposed to environmental
risks because its chassis rental operations do not result in the
emission of a significant amount of carbon dioxide or air
pollutants, nor does the use of the chassis equipment itself emit
carbon dioxide or air pollutants.

The stable outlook reflects Moody's expectation of solid container
import volumes and strong domestic containerized cargo that will
favorably impact intermodal chassis equipment usage.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings could be upgraded if Drive Chassis is able to sustain
EBITDA margins of more than 35%, if debt/EBITDA is maintained at
less than 6 times and free cash flow is consistently positive.

The ratings could be downgraded if Moody's expects that Drive
Chassis unable to sustain EBITDA margins of at least 30%, that
debt/EBITDA increases to 7 times or more, or if (FFO + Interest) /
Interest is not sustained above 1.5 times. The ratings could also
be downgraded if free cash flow is consistently negative.

The following ratings/assessments are affected by the action:

Ratings Affirmed:

Issuer: Drive Chassis Holdco, LLC

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

GTD Senior Secured 2nd Lien Term Loan, Affirmed Caa1 (LGD5)

Outlook Actions:

Issuer: Drive Chassis Holdco, LLC

Outlook, Changed To Stable From Negative

The principal methodology used in these ratings was Surface
Transportation and Logistics published in May 2019.

Drive Chassis Holdco, LLC indirectly owns Direct ChassisLink, Inc.
Headquartered in Charlotte, NC, Direct ChassisLink, Inc. is a
leading provider of chassis equipment to the US intermodal
transportation industry. The company is privately owned by funds
managed by Apollo Global Management, LLC and EQT Infrastructure.


EASTERDAY FARMS: Wins OK on $2M, 0% Interest Unsecured DIP Loan
---------------------------------------------------------------
Judge Whitman L. Holt authorized Easterday Ranches, Inc., to borrow
$2,000,000 in single draw term loan from Canyon Farm II, LLC or its
affiliate.

The material terms of the DIP Loan are:

    * Borrower: Easterday Ranches, Inc.

    * DIP Lender: Canyon Farm II, LLC or its affiliate

    * Amount: $2,000,000 Single Draw Term Loan

    * Maturity Date: The DIP loan shall mature on the earlier of
(i) seven calendar days after the Effective Date of a Chapter 11
Plan in the Debtor's case or (ii) December 31, 2021. The Debtor may
prepay the DIP loan at any time without a prepayment fee.

    * Interest: Interest will be 0% on the DIP loan.  However, a
simple interest at 10% per annum shall accrue (beginning on the
funding date until the DIP Loan is repaid in full) if the DIP Loan
is not repaid in full to the maturity date.

Canyon Farm II is the landlord and Easterday Farms is the current
tenant under an Amended and Restated Farm Lease dated effective as
of March 1, 2019.

On March 25, the Debtors and Canyon Farm II announced to the Court
a Term Sheet that provides for:

     -- Farms' rejection of the Canyon Farm II Lease;

     -- Farms' entry into a Storage Complex Lease with Easterday
Farms Dairy, LLC for use and access to certain storage facilities
on the Lindsay Canyon Farm;

     -- Farms' entry into a Feed Storage Lease with Dairy for use
and access to the Feed Storage Site; and

     -- Farms' entry into the unsecured $2 million DIP loan.

The DIP Loan is unsecured, and the DIP Lender requires no
collateral for loan.  The DIP Lender, however, is granted
superpriority administrative claim in the Debtor's case with
priority over all administrative expenses specified in Section
503(b) or 507(b) of the Bankruptcy Code, including any adequate
protection super priority claims.

The Debtor shall pay, on the maturity date, up to $40,000 of
reasonable fees and expenses incurred by the DIP Lender solely with
respect to the DIP facility.

A copy of the order is available for free at https://bit.ly/2RxYQ39
from PacerMonitor.com.

                    About Easterday Ranches

Easterday Ranches, Inc. is a privately held company in the cattle
ranching and farming business.

Easterday Ranches sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Wash. Case No. 21-00141) on Feb. 1,
2021. Its affiliate, Easterday Farms, a Washington general
partnership, filed a Chapter 11 bankruptcy petition (Bankr. E.D.
Wash. Case No. 21-00176) on Feb. 8, 2021. The cases are jointly
administered under Case No. 21-00141.

At the time of the filing, the Debtors disclosed between $100
million and $500 million in both assets and liabilities.

Judge Whitman L. Holt oversees the cases.

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as their lead
bankruptcy counsel, Bush Kornfeld LLP as local counsel, and Davis
Wright Tremaine LLP as special counsel. T. Scott Avila and Peter
Richter of Paladin Management Group serve as restructuring
officers.

The U.S. Trustee for Region 18 appointed an official committee of
unsecured creditors in Easterday Ranches' case on Feb. 16, 2021,
and in Easterday Farms' case on Feb. 24, 2021.



EASTMAN KODAK: 3rd Circuit Won't Revive Suit After Ch.11 Discharge
------------------------------------------------------------------
Law360 reports that the Third Circuit has refused to revive a
lawsuit by a man alleging his exposure to a Kodak chemical caused
his inflammatory disease, ruling that the claim should have been
resolved through the company's Chapter 11 case.

Eastman Kodak Inc. provided sufficient notice in local and national
newspapers about the deadline for filing claims with the bankruptcy
court, a three-judge panel ruled Tuesday, April 20, 2021, in a
defeat for John M. Sweeney and his wife, Regina.

                       About Eastman Kodak

Eastman Kodak Company (NYSE:KODK) is a global technology company
focused on print and advanced materials & chemicals.  It provides
industry-leading hardware, software, consumables and services
primarily to customers in commercial print, packaging, publishing,
manufacturing and entertainment.  Kodak, founded in 1880 by George
Eastman, was once the world's leading producer of film and
cameras.

Rochester, New York-based Eastman Kodak Company and its U.S.
subsidiaries on Jan. 19, 2012, filed voluntarily Chapter 11
petitions (Bankr. S.D.N.Y. Lead Case No. 12-10202) in Manhattan.

In the Chapter 11 case, attorneys at Sullivan & Cromwell LLP and
Young Conaway Stargatt & Taylor, LLP, served as counsel to the
Debtors. FTI Consulting, Inc., was the restructuring advisor; and
Lazard Freres & Co. LLC, the investment banker to Kodak. The
Official Committee of Unsecured Creditors tapped Milbank, Tweed,
Hadley & McCloy LLP, as its bankruptcy counsel. Akin Gump Strauss
Hauer & Feld LLP, represented the Unofficial Second Lien
Noteholders Committee.  

                          *    *    *

Kodak completed the $527 million sale of its digital-imaging
technology portfolio on Feb. 1, 2013.

U.S. Bankruptcy Judge Allan Gropper confirmed the plan on August
20, 2013. Kodak and its affiliated debtors officially emerged from
bankruptcy protection on Sept. 3, 2013. Eastman Kodak emerged from
Chapter 11 bankruptcy protection, with plans to continue as a
smaller digital imaging company. The new Kodak will focus on
commercial products such as high-speed digital printing technology
and printing on flexible packaging for consumer goods.


ELECTROMEDICAL TECHNOLOGIES: Incurs $3.9 Million Net Loss in 2020
-----------------------------------------------------------------
Electromedical Technologies, Inc. filed with the Securities and
Exchange Commission its Annual Report on Form 10-K disclosing a net
loss of $3.87 million on $737,958 of net sales for the year ended
Dec. 31, 2020, compared to a net loss of $1.74 million on $829,737
of net sales for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $1.42 million in total assets,
$2.73 million in total liabilities, and a total stockholders'
deficit of $1.32 million.

San Diego, California-based dbbmckennon, the Company's auditor
since 2018, issued a "going concern" qualification in its report
dated March 30, 2021, citing that the Company has suffered
recurring losses from operations and has a negative working capital
balance, which raises substantial doubt about its ability to
continue as a going concern.

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

https://www.sec.gov/Archives/edgar/data/1715819/000110465921043965/tm214059d1_10k.htm

                  About Electromedical Technologies

Scottsdale, AZ-based Electromedical Technologies, Inc. is a
bioelectronics manufacturing and marketing company.  The Company
offers U.S. Food and Drug Administration (FDA) cleared medical
devices for pain management.  Bioelectronics is a developing field
of "electronic" medicine, which uses electrical impulses over the
body's neural circuitry to try to alleviate pain, without drugs.


ENCINO ACQUISITION: Moody's Rates New $700MM Unsec. Notes 'B3'
--------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Encino
Acquisition Partners Holdings, LLC's proposed $700 million senior
unsecured notes issuance. Encino's B2 Corporate Family Rating,
B2-PD Probability of Default Rating and stable rating outlook are
unchanged.

Additionally, Moody's will withdraw Encino's second lien term
loan's B3 rating upon the closing of the proposed unsecured notes
issuance and full repayment of second lien term loan.

"Encino's issuance of senior unsecured notes is a credit neutral
transaction as the proceeds of the notes issuance are being applied
towards the full repayment of the company's second lien term loan
and partial repayment of revolving credit facility borrowings,"
commented Sreedhar Kona, Moody's Vice President. "The transaction
will boost liquidity and extend the maturity of the company's
debt."

Assignments:

Issuer: Encino Acquisition Partners Holdings, LLC

Senior Unsecured Notes, Assigned B3 (LGD5)

RATINGS RATIONALE

Encino's $700 million senior unsecured notes due in 2028 are rated
B3, one notch below the B2 CFR, reflecting the priority ranking of
the company's $900 million borrowing base secured revolving credit
facility ($485 million outstanding as of December 31, 2020) due in
October 2023. Given the substantial asset coverage of debt from
Encino's strong reserve base, Moody's views the B3 rating to be
more appropriate than the lower rating suggested under Moody's Loss
Given Default for Speculative-Grade Companies methodology. However,
if the company's borrowing base rises significantly or the
utilization of the revolver is more than expected the notes rating
could be downgraded.

Encino's B2 CFR reflects the company's natural gas weighted
production profile which yields lower cash margins than an
oil-weighted production base on an equivalent unit of production,
notwithstanding the company's good cost structure with relatively
low operating expense (LOE). The company is constrained by its
single basin focus in the Utica Shale and significant firm
transportation (FT) commitments that, while providing flow
assurance, could prove burdensome if the company's production drops
further than anticipated. The company benefits from its strong
reserve base and a significant hedge position that mitigates cash
flow volatility. Although Encino's 2021 capital spending will not
allow the company to generate significant free cash flow, the
company's restrained drilling program points to the potential for
free cash flow generation in 2022 subject to commodity prices. The
company is supported by an experienced management team with a
proven operating track record and a long-term investor in Canada
Pension Plan Investment Board (CPPIB) that has a strong history in
natural resources investments.

Encino's stable outlook reflects the company's adequate liquidity,
and its ability to maintain production with capital investment that
is largely covered by cash flow.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Encino's ratings could be upgraded if the company can consistently
generate free cash flow while modestly growing production,
maintaining retained cash flow to debt ratio above 35% and adequate
liquidity. Leveraged Full Cycle Ratio would also need to be
maintained above 1.5x.

Encino's ratings could be downgraded if the company's absolute debt
increases substantially, production declines significantly or
liquidity deteriorates. Retained cash flow to debt ratio below 20%
could lead to a downgrade.

Encino is a private independent E&P company with operations in the
Utica Shale in Ohio. Encino is 100% owned by Encino Acquisition
Partners, LLC (EAP), which is owned by Encino Energy, LLC (2%) and
CPPIB (98%). There are no debt obligations at EAP.

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


ENCINO ACQUISITION: S&P Alters Outlook to Stable, Affirms 'B-' ICR
------------------------------------------------------------------
S&P Global Ratings affirmed its issuer 'B-' credit rating on Encino
and revised the outlook to stable from negative. S&P also assigned
a 'B' issue-level rating to its new unsecured notes due 2028. The
recovery rating is '2', reflecting its expectation of a substantial
(70%-90%, rounded estimate: 85%) recovery in the event of a payment
default.

Liquidity will improve if the refinancing is successful. Encino is
planning to issue $700 million of new unsecured notes due 2028,
with proceeds to be used to retire its existing $549 million
second-lien term loan and pay down a portion of the $485 million
outstanding at year-end on its $900 million revolving credit
facility maturing in 2023. S&P said, "As a result, we expect pro
forma liquidity will improve to roughly $450 million, with
approximately 50% of the facility encumbered (including outstanding
letters of credit). However, the impact of future borrowing base
redeterminations is uncertain and revolver borrowings remain high
compared to certain peers. Although we anticipate a modest cash
outflow this year, we expect a free cash flow inflection beginning
in 2022 should facilitate further repayment on the revolver.
Additionally, our forecast for stronger leverage metrics, including
average funds from operations (FFO) to debt around 40% and debt to
EBITDA slightly above 2x provides a more comfortable cushion
against the company's financial covenants."

Encino's significant hedge portfolio and firm transport agreements
help mitigate market volatility. The company has historically
pursued a relatively conservative hedging strategy and remains well
hedged on each of its production streams into 2023, including more
than 80% of expected natural gas and oil production in 2021. S&P
said, "Its firm transportation contracts also provide some basis
stability and support our forecast for positive free cash flow next
year. Assuming a two-rig drilling plan for the foreseeable future,
we expect 2020's production rate of about 960 million cubic ft.
equivalent per day (MMcfe/d) could slightly decline year over year
before growth resumes in 2022. Since acquiring the asset from
Chesapeake Energy in 2018, the company has enhanced productivity
and improved total costs per well to around $7 million today from
almost $11 million pre-acquisition. We believe the effort to reduce
costs will remain ongoing as Encino targets sub-1.5x leverage and
explores acquisition opportunities."

S&P said, "The stable outlook reflects our expectation that Encino
will maintain adequate liquidity and credit measures in line with
the current rating, including FFO to debt of at least 30% over the
next 24 months. We believe production will grow over the long run
and anticipate a modest cash outflow this year, with meaningful
free operating cash flow likely to be generated in 2022."

S&P could lower the rating if:

-- Liquidity deteriorates;

-- S&P believes the capital structure is no longer sustainable;
or

-- Contrary to our expectations, S&P believes there is a
significant possibility of a debt exchange that it could view as
distressed. This would likely follow a prolonged period of low
natural gas prices, combined with a more aggressive financial
profile than currently envisioned that results in significant
negative cash flow and higher debt levels.

S&P could raise its rating on Encino if:

-- The company substantially reduces revolver borrowings; and

-- It maintains an FFO-to-debt ratio of at least 30%. S&P believes
this scenario could occur if the company generates significant free
cash flow and uses it to reduce debt.


ENERGY 11: Swings to $2.8 Million Net Loss in 2020
--------------------------------------------------
Energy 11, L.P. filed with the Securities and Exchange Commission
its Annual Report on Form 10-K disclosing a net loss of $2.80
million on $36.52 million of total revenue for the year ended Dec.
31, 2020, compared to net income of $8.48 million on $36.02 million
of total revenue for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $331.81 million in total
assets, $51.46 million in total liabilities, and $280.34 million in
total partners' equity.

Oklahoma City, Oklahoma-based Grant Thornton LLP, the Company's
auditor since 2015, issued a "going concern" qualification in its
report dated March 12, 2021, citing that the Partnership has
substantial debt that is due within one year of the report date
which raises substantial doubt about the Partnership's ability to
continue as a going concern.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1581552/000118518521000317/energy1120201231_10k.htm

                          About Energy 11

Fort Worth, Texas-based Energy 11, L.P. -- www.energyeleven.com --
is a Delaware limited partnership formed to acquire producing and
non-producing oil and natural gas properties onshore in the United
States and to develop those properties.


ENTRANS INTERNATIONAL: S&P Affirms 'B-' ICR, Outlook Negative
-------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on U.S.
transportation and energy equipment manufacturer EnTrans
International LLC and maintained a negative outlook on the rating.

At the same time, S&P affirmed its 'B-' issue-level and '3'
recovery ratings on the company's $255 million term loan.

The negative outlook reflects S&P's expectation that adjusted debt
to EBITDA will remain above or near 6.5x in 2021.

S&P said, "We expect EnTrans' credit metrics will remain elevated
in 2021 as demand continues to gradually recover in some key
customer end-markets. We expect that EnTrans key metrics and
profitability will remain under pressure in the near term, with
some expected improvement later in 2021 and into 2022 as business
conditions in the petroleum, chemical and energy end markets
rebound at a slower pace. EnTrans'oil and gas segment represents
about 5% of the company's overall 2020 total revenues. Still, we
believe the company maintains exposure to energy markets, since
some of its manufactured tank trailers transport refined
petroleum.

"We forecast adjusted EBITDA margins to remain flat or improve
slightly in the high single digit to low double-digit range for
2021. Although we expect EnTrans' adjusted debt to EBITDA to
improve to around the 6.5x area in 2021 from the high 6x area in
2020, we believe there is some risk related to the company's
ability to further improve its operating results in the near
term."

EnTrans' tank and trailer backlog has stabilized but continues to
remain significantly lower than that of previous years. EnTrans'
total backlog has declined significantly since 2018, reflecting
customer purchase delays or capital spending reductions in the
petroleum, energy and other end markets. Overall, this decline
decreases the company's revenue visibility. Given the prospects for
a gradual recovery in these sectors in 2021, S&P anticipates the
company will have near-term pressure to grow its backlog.

S&P said, "We expect EnTrans to generate positive free operating
cash flow in 2021. EnTrans' cash flows could decrease due to
unanticipated global supply chain disruptions. Potential shortages
in components and commodities such as aluminum or steel could
ultimately affect parts availability, lead times, and cash flows.
Nevertheless, we expect EnTrans' free operating cash flow to remain
positive and increase over the next 12 months as the company
demonstrated the ability to take prudent cost-management actions
during the COVID-19 pandemic.

"The negative outlook reflects our expectation that adjusted debt
to EBITDA will remain elevated around or above 6.5x in 2021.
Although this represents an improvement from the high-6x area in
2020, we believe there is some risk for sustained elevated
leverage.

"We could revise the outlook to stable if the company sustains
positive FOCF and its debt leverage approaches and remains below
6.5x."

This could occur if, for example the company's end market demand
improved sooner than S&P expects.

S&P said, "We could lower the ratings within the next 12 months if
weaker-than-expected operating performance results in sustained
negative free cash flow or constrained liquidity. This could occur
if there were a significant economic downturn. Alternatively, we
could lower the ratings on EnTrans if the company engages in
significant debt-financed acquisitions. We could lower the ratings
if we come to believe that EnTrans depends on favorable business,
financial, and economic conditions to meet its financial
commitments, or if we view the company's financial commitments as
unsustainable in the long term, even though it may not face a
credit or payment crisis within the next 12 months."


EVEREST HOTEL: No Objections Filed; Court Confirms Plan
-------------------------------------------------------
Judge Margaret Cangilos-Ruiz has entered an order confirming the
Plan of Everest Hotel Group, LLC.

Upon the hearing before this Court on April 15, 2021, and no
objections to the Plan and it appearing that the requirements for
confirmation, applicable to the Debtor's case, have been satisfied
with respect to the Debtor's Plan.

Ballots were cast by creditors in the amounts set forth in the
Subchapter V Chapter 11 Ballot Certification, and 100% of ballots
cast in Classes 1, 3 and 4 voted to accept the Plan.

The Plan satisfies the requirements Secs. 1122 and 1123 of the
Bankruptcy Code which are applicable to the Debtor pursuant to Sec.
1181 (a) of the Bankruptcy Code, and the classification of claims
and interests is reasonable, proper and not impermissibly
discriminatory with respect to each class of claims.

                   About The Everest Hotel Group

The Everest Hotel Group, LLC, is a part of the motels, hotels, and
resort industry.

The Everest Hotel Group, based in Apalachin, NY, filed a Chapter 11
petition (Bankr. N.D.N.Y. Case No. 20-31222) on Dec. 1, 2020.  In
its petition, the Debtor disclosed $2,550,265 in assets and
$7,472,633 in liabilities.  The petition was signed by Khanzada
Amin Khan, sole & managing member.

HARRIS BEACH PLLC, serves as bankruptcy counsel to the Debtor.


FOXWOOD HILLS: Appointment of Equity Committee Sought
-----------------------------------------------------
A group of property owners at Foxwood Hills Subdivision asked the
U.S. Bankruptcy Court for the District of South Carolina to appoint
an official committee that will represent equity interest holders
in the Chapter 11 case of Foxwood Hills Property Owners Association
Inc.

The Debtor's proposed bankruptcy action "contains issues that
purport to affect all property owners, including those who are not
current members of the association.  As such, the non-member
property owners are not represented by the association's board of
directors and, therefore, currently have no representation in this
action," said the group's attorney, Michael Dodd, Esq., at The Dodd
Law Firm, LLC.

The association's board of directors has denied the property
owners' voting rights and participation in the corporate process
after they questioned the amount of annual dues they must pay.
Meanwhile, in its Chapter 11 plan of reorganization filed on March
4, the association considers its members in good standing as owners
of the association and classifies them as equity interest holders.

Mr. Dodd argued the property owners he represents have an equitable
interest in the association and, as such, are equity security
holders.

"Deeming members in good standing as owners shows a fundamental
misunderstanding of property rights according to South Carolina
law.  While the corporation can restrict use, and in some cases
participation, the fact remains that by virtue of property
ownership in an association, you have a property interest and an
equitable interest in the corporation that operates pursuant to the
covenants and restrictions that cannot be taken away absent
consent," Mr. Dodd argued.

"To deem that a property owner in Foxwood Hills has no ownership
interest in the POA is impossible as the two cannot be separated in
the way that the association seeks to do.  In short, all property
owners subject to restrictions binding them to Foxwood Hills must
be equity members," Mr. Dodd further argued.

Tona Renee Busbee, a property owner at Foxwood Hills who filed a
separate motion to appoint an equity committee, echoed the group's
arguments, saying that an equity committee is warranted to assure
adequate representation of equity interest holders in the
association's bankruptcy case.

Mr. Dodd can be reached at:

     Michael B. Dodd, Esq.
     The Dodd Law Firm, LLC
     13 Sevier Street
     Greenville, SC 29605
     Tel: (864) 747-5607
     Fax: (864) 243-8255
     Email: michael@thedoddlawfirm.com

                    About Foxwood Hills Property
                        Owners Association

Foxwood Hills Property Owners Association, Inc. is an organization
of owners of Foxwood Hills -- a lake front community of primary and
vacation homes nestled in the northwest corner of Oconee County,
S.C.

Foxwood Hills Property Owners Association filed its voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. D.S.C.
Case No. 20-02092) on May 8, 2020. At the time of the filing, the
Debtor disclosed $4,253,427 in assets and $219,780 in liabilities.

Judge Helen E. Burris oversees the case.

The Debtor tapped Nexsen Pruet, LLC as legal counsel and Elliott
Davis, LLC as accountant.  American Legal Claim Services, LLC is
the claims and noticing agent.


FUSE MEDICAL: Incurs $1.4 Million Net Loss in 2020
--------------------------------------------------
Fuse Medical, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$1.43 million on $21.40 million of net revenues for the year ended
Dec. 31, 2020, compared to a net loss of $3.32 million on $22.90
million of net revenues for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $17.42 million in total
assets, $19.53 million in total liabilities, and a total
stockholders' deficit of $2.11 million.

For the years ended Dec. 31, 2020 and 2019 the Company had
accumulated losses of $4,028,308 and $2,595,813, respectively, and
a stockholders' deficit of $2,112,841 and $1,222,133, respectively.
Revenues declined by $1,501,341 and $3,441,761 in 2020 and 2019,
respectively, as a result of competitive pressures.  The Company
was out of compliance with its loan covenants at various times
during the year ended Dec. 31, 2019 and obtained waivers from the
lender to cure the violations, but had reductions of the credit
facility amount as a result of the covenant violations.  At Dec.
31, 2019 the Company's management determined that these conditions
and events raised substantial doubt about the ability of the
Company to continue as a going concern.

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

https://www.sec.gov/Archives/edgar/data/319016/000156459021016781/fzmd-10k_20201231.htm

                        About Fuse Medical

Headquartered in Richardson, Texas, Fuse Medical, Inc. --
www.fusemedical.com -- is a manufacturer and distributor of
innovative medical devices for the orthopedic and spine
marketplace. The Company provides a comprehensive portfolio of
products in the orthopedic total joints, sports medicine, trauma,
foot and ankle space, as well as, degenerative and deformity spine,
osteobiologics, wound care, and regenerative medicine products.


GALLERIA OF ST. MATTHEWS: April 29 Louisville Property Sale Hearing
-------------------------------------------------------------------
Judge Charles R. Merrill of the U.S. Bankruptcy Court for the
Western District of Kentucky will convene a telephonic hearing on
April 29, 2021, at 10:00 a.m. (ET) to consider Galleria of St.
Matthews, LLC's sale of the real property and improvements commonly
identified as 4101-4127 Oeschli Avenue, Louisville, Kentucky to
Kaden Management Co. Inc. for $1.75 million.

Parties to call in at 1-888-684-8852 and use the Access Code
6165472#.  They are to use the prompt to bypass the security code
and are directed to put their call on mute until their case is
called.  

Should a continuance of the hearing be necessary for good cause
shown, the Movant will request the continuance in writing, with
notice to all parties in interest, no later than seven days prior
to the scheduled hearing.

           About Galleria of St. Matthews, LLC

Galleria of St. Matthews, LLC is a Single Asset Real Estate debtor
(as defined in 11 U.S.C. Section 101(51B)).  The Debtor is the
owner of a fee simple title to a property located at 4101-4127
Oechsli Avenue Louisville, Kentucky valued at $1.75 million.

Galleria of St. Matthews, LLC sought Chapter 11 protection (Bankr.
W.D. Ky. Case No. 21-30360) on Feb. 19, 2021.  The case is assigned
to Judge Charles R. Merrill.

The Debtor's total assets are at $1,817,376 and $4,024,374 in total
debt.

The Debtor tapped Charity S. Bird, Esq., at Kaplan Johnson Abate &
Bird LLP as counsel.

The petition was signed by Enrique L. Pantoja, manager.



GATEWAY RADIOLOGY: Taps Marxman Advocaten as Special Counsel
------------------------------------------------------------
Gateway Radiology Consultants, P.A. seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to employ
Marxman Advocaten, a Netherlands-based law firm.

The Debtor needs the firm's legal assistance to continue the
litigation involving Philips Medical Capital, LLC and Philips
Healthcare, a division of Philips Electronics North America Corp.
The firm will serve as the Debtor's special counsel for witness
examination or rogatory commission in the Netherlands in connection
with the litigation pending in the Florida Circuit Courts of
Pinellas and Polk Counties.

Marxman Advocaten will receive EUR6,000 as retainer from the
Debtor's principals.

As disclosed in court filings, Marxman Advocaten is disinterested
as required by Section 327(a) of the Bankruptcy Code.

The firm can be reached through:

     Pieter Verloop
     Marxman Advocaten B.V.
     Spacelab 4
     3824 MR mersfoort Postbus 1 236
     3800 BE Amersfoort
     Tel: +31 33 4508000
     Fax: +31 33 4555525
     Email: info@marxman.nl

               About Gateway Radiology Consultants

Saint Petersburg, Fla.-based Gateway Radiology Consultants P.A.
filed a Chapter 11 petition (Bankr. M.D. Fla. Case No. 19-04971) on
May 28, 2019.  In the petition signed by Gateway Radiology
President Gagandeep Manget M.D., the Debtor disclosed $1.2 million
in assets and $14.9 million in liabilities.  

Judge Michael G. Williamson oversees the case.

Joel M. Aresty, P.A. serves as the Debtor's bankruptcy counsel. The
Debtor also tapped Beighley Myrick Udell + Lynne, PA, Paul C.
Jensen Attorney-At-Law, and Netherlands-based Marxman Advocaten as
special counsel.


GENESIS ENERGY: S&P Keeps 'B+' Rating on Senior Unsecured Note
--------------------------------------------------------------
S&P Global Ratings revised its recovery estimate on Genesis Energy
L.P.'s senior unsecured notes to '3' from '4', indicating its
expectation for meaningful (50%-70%; rounded estimate: 50%)
recovery in a payment default scenario. The company has announced
an add-on to this debt tranche. This change was driven by the
change in the company's capital structure as the company recently
reduced their unrated revolving credit commitment to $650 million
from $1.7 billion and also issued a $300 million term loan A
(unrated). The partnership intends to use the net proceeds from the
$200 million add-on to pay down outstanding borrowings on its
revolving credit facility. The 'B+' issue-level rating on the
senior unsecured notes is unchanged. The 'B+' issuer credit rating
is also unchanged.

Genesis is a public company engaged in four business segments:

-- Offshore Pipelines (40% of total margin in 2020),
-- Sodium Minerals and Sulfur Services (21%),
-- Onshore Facilities and Transportation (24%), and
-- Marine Transportation (10%).

The midstream transportation segments operate mainly in the U.S.
Gulf Coast (one of the largest producing regions after Texas).
Customers include crude oil and gas producers needing
transportation services to carry production to onshore facilities
such as refiners from offshore.

The soda ash business (largest contributor to the Sodium Minerals
segment) operates two facilities (Westvaco and Granger) in Wyoming.
Genesis is the largest North American producer of soda ash
(approximately 88,000 acres of land and about 903 million metric
tons of proved and probable reserves of trona ore, representing an
estimated remaining reserve life of over 100 years). It generally
sells all of its production because of consistent demand in the
domestic and international markets (about 50% of soda ash product
is sold domestically and 50% exported). A large percentage of
global soda ash is used for glass fabrication, and the remainder
for other chemical uses such as detergents.


GENEVER HOLDINGS: Taps Former Judge to Oversee Asset Sale
---------------------------------------------------------
Genever Holdings, LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to employ to employ former
judge, Melanie Cyganowski, Esq., as its sales officer.

Ms. Cyganowski will perform these services:

  -- oversee the sale of the Debtor's primary asset, which consists
of the 18th floor apartment and auxiliary units in the Sherry
Netherland Hotel located at 781 Fifth Ave., N.Y.

  -- select the real estate broker;

  -- oversee the establishment of a marketing program and sales
procedures that are designed to maximize value of the asset.

Ms. Cyganowski will be paid $1,400 per hour. Although her firm,
Otterbourg P.C., is not being separately retained, Ms. Cyganowski
will be assisted by a junior lawyer and a paralegal.  The junior
lawyer and paralegal will be paid $450 per hour and $325 per hour,
respectively.  Meanwhile, senior lawyers will be paid at hourly
rates ranging from $450 to $850.

Ms. Cyganowski disclosed in a court filing that she is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

Ms. Cyganowski can be reached at:

     Melanie L. Cyganowski, Esq.
     Otterbourg P.C.
     230 Park Avenue
     New York, NY 10169-0075
     Phone: 212-905-3677
     Email: mcyganowski@otterbourg.com

                      About Genever Holdings

Genever Holdings, LLC is the owner of the entire 18th Floor
Apartment and auxiliary units in the Sherry Netherland Hotel
located at 781 Fifth Ave., N.Y.

Genever Holdings filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
20-12411) on Oct. 12, 2020.  Yanping Wang, authorized
representative, signed the petition.  At the time of the filing,
the Debtor had between $50 million and $100 million in both assets
and liabilities.  

Kevin J. Nash, Esq., at Goldberg Weprin Finkel Goldstein LLP, and
Melanie L. Cyganowski, Esq., serve as the Debtor's banruptcy
counsel and sales officer, respectively.


GIRARDI & KEESE: Founder Sued by Actress Over Crash Settlement
--------------------------------------------------------------
Law360 reports that actress Christina Fulton alleges Girardi Keese
founder Thomas Girardi scammed her out of $729,300 from her car
crash settlement, according to a recently filed complaint, adding
her to an ever-growing list of former clients who say the acclaimed
trial attorney took their money.

Mr. Girardi told She Fulton he was investing the money on her
behalf and sent her small payments in 2019 and 2020, both from
Girardi Keese's client trust account and from Girardi's personal
bank account, she said.  He repeatedly reassured her that her money
was "in a 'secret' or 'safe' account."

                     About Girardi & Keese

Girardi and Keese or Girardi & Keese was a Los Angeles-based law
firm founded in 1965 by lawyers Thomas Girardi and Robert Keese.
It served clients in California in a variety of legal areas.  It
was known for representing plaintiffs against major corporations.

An involuntary Chapter 7 petition (Bankr. C.D. Cal. Case No.
20-21022) was filed in December 2020 against GIRARDI KEESE by
alleged creditors Jill O'Callahan, Robert M. Keese, John Abassian,
Erika Saldana, Virginia Antonio, and Kimberly Archie.

The petitioners' attorneys:

         Andrew Goodman
         Goodman Law Offices, Apc
         Tel: 818-802-5044
         E-mail: agoodman@andyglaw.com

Elissa D. Miller, a member of the firm SulmeyerKupetz, has been
appointed as Chapter 7 trustee.

The Chapter 7 trustee can be reached at:

         Elissa D. Miller
         333 South Grand Ave., Suite 3400
         Los Angeles, California 90071-1406
         Telephone: 213.626.2311
         Facsimile: 213.629.4520
         E-mail: emiller@sulmeyerlaw.com


GROM SOCIAL: Secures $300K in Financing from Labrys Fund
--------------------------------------------------------
Grom Social Enterprises, Inc. entered into a securities purchase
agreement with Labrys Fund, LP, pursuant to which the Company
issued to Labrys a convertible promissory note in the principal
amount of $300,000.  In connection with the issuance of the Labys
Note, Labrys was also issued a five-year warrant to purchase up to
an aggregate of 3,750,000 shares of the Company's common stock, at
an exercise price of $0.06 per share.  The net proceeds received by
the Company were $266,000, after deducting an original issue
discount in the amount of $30,000 and $4,000 to cover Labrys's
legal fees.  The Company intends to use the net proceeds for
working capital and general corporate purposes.

The Labrys Note has a principal balance of $300,000, and a stated
maturity date of one year from the Effective Date.  The Labrys Note
bears interest at a rate of 12% per annum, which is payable when
the Labrys Note becomes due, whether at maturity, or upon
acceleration, or by prepayment, or otherwise, with the
understanding that the first twelve months of interest (equal to
$36,000) is guaranteed and deemed to be earned in full as of the
date of issuance.  In the event the Company fails to pay any amount
when due under the Labrys Note, the interest rate will increase to
the lesser of 16%, or the maximum amount permitted by law.  Labrys
may convert any amount due under the Labrys Note into shares of the
Company's common stock at a conversion price of $0.06 per share.
Labrys may not convert any portion of the Labrys Note that would
cause it, together with its affiliates, to beneficially own in
excess of 4.99% of the Company's common stock.  The conversion
price and number of shares of the Company's common stock issuable
upon conversion of the Labrys Note will be subject to adjustment
from time to time in the event of any merger, consolidation,
distribution of shares, or other dilutive issuances.

The Labrys Warrant provides for the purchase of up to 3,750,000
shares of the Company's common stock, an exercise price of $0.06
per share.  The Labrys Warrant is exercisable for a term of five
years from the Effective Date.  Labrys may not exercise the Labrys
Warrant with respect to any number of Labrys Warrant Shares that
would cause it, together with its affiliates, to beneficially own
in excess of 4.99% of the Company's common stock.  The Labrys
Warrant may be exercised for cash, or, if the market price of the
Company's common stock is greater than the Labrys Warrant's
exercise price, the Labrys Warrant may be exercised on a cashless
basis.  The number of shares of common stock to be deliverable upon
exercise of the Labrys Warrant is subject to adjustment for
subdivision or consolidation of shares and other dilutive events,
or in the event the Company effects a reorganization,
reclassification, merger, consolidation, disposition of assets, or
other fundamental transaction.

Pursuant to the Labrys Purchase Agreement, the Company agreed to
give Labrys a right of first refusal to participate in any offer or
sale of the Company's equity or debt securities for as long as the
Labrys Note is outstanding.  In addition, the Company granted
Labrys piggyback registration rights with respect to the Labrys
Conversion Shares and the Labrys Warrant Shares.  Also, the Company
agreed that, while any of the Labrys Note, the Labrys Conversion
Shares, the Labrys Warrants, or the Labrys Warrant Shares remain
outstanding, it would not sell securities on more favorable terms
than those provided to Labrys without adjusting Labrys's securities
to incorporate those more favorable terms.  Further, the Company
agreed that, while any amount remains unpaid under the Labrys Note,
it would not enter into any subsequent variable rate transactions.

                         About Grom Social

Boca Raton, Florida-based Grom Social Enterprises, Inc. --
www.gromsocial.com -- is a media, technology and entertainment
company focused on delivering content to children under the age of
13 years in a safe secure Children's Online Privacy Protection Act
("COPPA") compliant platform that can be monitored by parents or
guardians.  The Company operates its business through the following
four wholly-owned subsidiaries: Grom Social, Inc., TD Holdings
Limited, Grom Educational Services, Inc. , and Grom Nutritional
Services, Inc.

Grom Social reported a net loss of $5.74 million for the year ended
Dec. 31, 2020, compared to a net loss of $4.59 million for the year
ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had $17.26
million in total assets, $8.67 million in total liabilities, and
$8.59 million in total stockholders' equity.

BF Borgers CPA PC, in Lakewood, Colorado, the Company's auditor
since 2015, issued a "going concern" qualification in its report
dated April 13, 2021, citing that the Company has incurred
significant operating losses since inception and has a working
capital deficit which raises substantial doubt about its ability to
continue as a going concern.


HEARTWISE INC: Seeks to Hire R. Clifford & Associates as Counsel
----------------------------------------------------------------
Heartwise Incorporation seeks approval from the U.S. Bankruptcy
Court for the Central District of California to hire   R. Clifford
& Associates as its general insolvency counsel.

The firm's services include:

     a. consulting with the Debtor concerning its present financial
situation and its realistically achievable goals;

     b. preparing any documents necessary to continue the
bankruptcy case;

     c. appearing on behalf of the Debtor at all meetings required
under the guidelines of the OUST;

     d. advising the Debtor concerning its duties as debtor and
debtor-in-possession in a Chapter 11 case;

     e. helping with the formulation of the Chapter 11 plan,
drafting the plan and disclosure statement, and prosecuting legal
proceedings to seek confirmation of the plan;

     f. preparing on behalf of the Debtor necessary applications,
answers, orders, reports and other legal papers;

     g. If necessary, preparing and prosecuting pleadings, such as
complaints to avoid preferential transfers or transfers deemed
fraudulent as to creditors, motions for authority to borrow money,
sell property, or compromise claims and objections to claims; and

     h. performing such other legal services as may be required in
the interests of the Debtor.

The firm will be paid as follows:

     Ronald A. Clifford     $395
     Associates             $295
     Law Clerks/Paralegals  $195

Ronald Clifford, Esq., a principal of R. Clifford & Associates,
assured the court that the firm does not hold or represent any
interest adverse to the Debtor, any creditors, or this Chapter 11
case.

The firm can be reached through:

     Ronald A. Clifford, Esq.
     R. CLIFFORD & ASSOCIATES
     1100 Town and Country Rd., Suite 1250
     Orange, CA 92868
     Tel: (949) 533-9774
     E-mail: RAC@RCliffordLaw.com

                     About Heartwise Inc.

Heartwise Incorporation -- https://www.naturewise.com -- is a
retail store that sells wellness and health related supplements.

Heartwise filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 20-13335) on
Dec. 4, 2020.  Tuong V. Nguyen, chief executive officer, signed the
petition.  In its petition, the Debtor disclosed $7,653,717 in
assets and $12,030,563 in liabilities.

Judge Mark S. Wallace oversees the case.

The Law Offices of Michael Jay Berger and Trojan Law Offices serve
as the Debtor's bankruptcy counsel and special counsel,
respectively.


HERTZ CORP: Gets 2nd Sweetened Offer from Centares, Knighthead
--------------------------------------------------------------
Katherine Doherty and Eliza Ronalds-Hannon of Bloomberg News
reports that Knighthead Capital Management and Certares Management
for a second time sweetened their proposal to buy Hertz out of
bankruptcy as the rental car company's board meets to review bids,
according to people with knowledge of the matter.  The latest plan,
which was submitted Tuesday, April 20, 2021, afternoon, would hand
shareholders more value -- specifically a 40% stake in the
reorganized company through a combination of direct investment and
a more than $1 billion equity rights offering, the people said.

                          About Hertz Corp.

Hertz Corp. and its subsidiaries -- http://www.hertz.com/--
operate a worldwide vehicle rental business under the Hertz,
Dollar, and Thrifty brands, with car rental locations in North
America, Europe, Latin America, Africa, Asia, Australia, the
Caribbean, the Middle East, and New Zealand.  They also operate a
vehicle leasing and fleet management solutions business.

On May 22, 2020, The Hertz Corporation and certain of its U.S. and
Canadian subsidiaries and affiliates filed voluntary petitions for
reorganization under Chapter 11 in the U.S. Bankruptcy Court for
the District of Delaware (Bankr. D. Del. Case No. 20-11218).

Judge Mary F. Walrath oversees the cases.  

The Debtors have tapped White & Case LLP as their bankruptcy
counsel, Richards, Layton & Finger, P.A., as local counsel, Moelis
& Co. as investment banker, and FTI Consulting as financial
advisor.  The Debtors also retained the services of Boston
Consulting Group to assist the Debtors in the development of their
business plan. Prime Clerk LLC is the claims agent.

The U.S. Trustee for Regions 3 and 9 appointed a Committee to
represent unsecured creditors in Debtors' Chapter 11 cases.  The
Committee has tapped Kramer Levin Naftalis & Frankel LLP as its
bankruptcy counsel, Benesch Friedlander Coplan & Aronoff LLP as
Delaware counsel, UBS Securities LLC as investment banker, and
Berkeley Research Group, LLC as financial advisor. Ernst & Young
LLP provides audit and tax services to the Committee.


HERTZ CORPORATION: Morris, Glenn Update on Shareholders
-------------------------------------------------------
In the Chapter 11 cases of The Hertz Corporation, et al., the law
firm of Glenn Agre Bergman & Fuentes LLP and Morris, Nichols, Arsht
& Tunnell LLP submitted an amended verified statement under Rule
2019 of the Federal Rules of Bankruptcy Procedure, to disclose an
updated list of Ad Hoc Committee of Shareholders.

On or around March 29, 2021, the Ad Hoc Committee of Shareholders
retained Glenn Agre to represent certain shareholders in connection
with the Chapter 11 cases of the above-captioned debtors.
Subsequently, Glenn Agre arranged for the Ad Hoc Committee of
Shareholders to engage Morris Nichols as its local counsel.

The Ad Hoc Committee of Shareholders filed the Verified Statement
of Glenn Agre Bergman & Fuentes LLP Pursuant to Bankruptcy Rule
2019 dated April 16, 2021 [Docket No. 3967]. The Ad Hoc Committee
of Shareholders submits this Amended Verified Statement to amend
information disclosed in the Original Verified Statement.

From time to time thereafter, certain additional members have
joined the Ad Hoc Committee of Shareholders. As of the date of this
Amended Verified Statement, Counsel represents the shareholders set
forth in Exhibit A.

Counsel represents the Ad Hoc Committee of Shareholders and does
not represent or purport to represent any entities other than the
Ad Hoc Committee of Shareholders in connection with the Chapter 11
Cases. In addition, neither the Ad Hoc Committee of Shareholders
nor any member of the Ad Hoc Committee of Shareholders represents
or purports to represent any other entities in connection with
these cases.

As of April 21, 2021, members of the Ad Hoc Committee of
Shareholders and their disclosable economic interests are:

Discovery Capital Management
20 Marshall Street, Suite 310
South Norwalk, CT 06854

* Number of Shares: 3,500,000

FourSixThree Capital LP
520 Madison Avenue, Floor 19
New York, NY 10022

* Number of Shares: 500,000

Alta Fundamental Advisers LLC
1500 Broadway, Suite 704
New York, NY 10036

* Number of Shares: 1,000,000

Glenview Capital Management, LLC
767 Fifth Avenue, 44th Floor
New York, NY 10153

* Number of Shares: 4,506,849
* 6.250% Unsecured Notes due 2022: $1,000,000
* 5.500% Unsecured Notes due 2024: $9,000,000

Hein Park Capital Management LP
888 7th Avenue, 4th Floor
New York, NY 10106

* Number of Shares: 3,274,447
* 2021 Senior Notes: EUR18,661,000
* Term Loan: $17,570,523
* Revolver: $5,752,902.50

Hampton Road Capital Management LP
One Greenwich Plaza
Greenwich, CT 06830

* Number of Shares: 250,000

Rubric Capital Management LP
155 East 44th St, Suite 1630
New York, NY 10017

* Number of Shares: 650,000

Two Seas Capital LP
32 Elm Place, 3rd Floor
Rye, NY 10580

* Number of Shares: 1,445,343

FourWorld Capital Management, LLC
7 World Trade Center, Floor 46
New York, NY 10007

* Number of Shares: 910,000

Jefferies LLC
520 Madison Ave
New York, NY 10022

* Number of Shares: 114,890
* 4.125% Unsecured Notes: EUR1,519,000
* 5.500% Unsecured Notes: EUR866,000
* General Unsecured Claims against The Hertz Corp.: $559,859

Counsel to the Ad Hoc Committee of Shareholders can be reached at:

          Robert J. Dehney, Esq.
          Eric D. Schwartz, Esq.
          Joseph C. Barsalona II, Esq.
          Brett S. Turlington, Esq.
          MORRIS, NICHOLS, ARSHT & TUNNELL LLP
          1201 N. Market St., 16th Floor
          P.O. Box 1347
          Wilmington, DE 19899-1347
          Telephone: (302) 658-9200
          Facsimile: (302) 658-3989
          E-mail: rdehney@morrisnichols.com
                  eschwartz@morrisnichols.com
                  jbarsalona@morrisnichols.com
                  bturlington@morrisnichols.com

             - and -

          Andrew K. Glenn, Esq.
          Shai Schmidt, Esq.
          Rich Ramirez, Esq.
          Naznen Rahman, Esq.
          GLENN AGRE BERGMAN & FUENTES LLP
          55 Hudson Yards
          20th Floor
          New York, NY 10001
          Telephone: (212) 358-5600
          E-mail: aglenn@glennagre.com
                  sschmidt@glennagre.com
                  rramirez@glennagre.com
                  nrahman@glennagre.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://bit.ly/3gw1GAo and https://bit.ly/3v9QugL.

                    About Hertz Corp.

Hertz Corp. and its subsidiaries -- http://www.hertz.com/--  
operate a worldwide vehicle rental business under the Hertz,
Dollar, and Thrifty brands, with car rental locations in North
America, Europe, Latin America, Africa, Asia, Australia, the
Caribbean, the Middle East, and New Zealand.  They also operate a
vehicle leasing and fleet management solutions business.

On May 22, 2020, The Hertz Corporation and certain of its U.S. and
Canadian subsidiaries and affiliates filed voluntary petitions for
reorganization under Chapter 11 in the U.S. Bankruptcy Court for
the District of Delaware (Bankr. D. Del. Case No. 20-11218).

Judge Mary F. Walrath oversees the cases.  

The Debtors have tapped White & Case LLP as their bankruptcy
counsel, Richards, Layton & Finger, P.A., as local counsel, Moelis
& Co. as investment banker, and FTI Consulting as financial
advisor.  The Debtors also retained the services of Boston
Consulting Group to assist the Debtors in the development of their
business plan. Prime Clerk LLC is the claims agent.

The U.S. Trustee for Regions 3 and 9 appointed a Committee to
represent unsecured creditors in Debtors' Chapter 11 cases.  The
Committee has tapped Kramer Levin Naftalis & Frankel LLP as its
bankruptcy counsel, Benesch Friedlander Coplan & Aronoff LLP as
Delaware counsel, UBS Securities LLC as investment banker, and
Berkeley Research Group, LLC as financial advisor.  Ernst & Young
LLP provides audit and tax services to the Committee.


HERTZ GLOBAL: Court Okays Chapter 11 Plan Creditor Vote
-------------------------------------------------------
Law360 reports that a Delaware bankruptcy judge Wednesday, April
21, 2021, declined to give potential alternative equity backers of
Hertz Global's Chapter 11 plan more time to finalize their
proposal, instead giving the car rental giant the go-ahead to send
its restructuring plan out for a creditor vote.

Following a virtual hearing U.S. Bankruptcy Judge Mary Walrath said
she was prepared to approve Hertz's latest disclosure statement ā€”
outlining an amended Chapter 11 plan that sweetened the deal for
both its unsecured creditors and shareholders ā€” noting that after
she had postponed her decision from Friday, April 16, 2021, to
allow more time to examine an alternative sponsorship proposal.

                     About Hertz Global Holdings

Hertz Corp. and its subsidiaries -- http://www.hertz.com/--
operate a worldwide vehicle rental business under the Hertz,
Dollar, and Thrifty brands, with car rental locations in North
America, Europe, Latin America, Africa, Asia, Australia, the
Caribbean, the Middle East, and New Zealand.  The Company also
operates a vehicle leasing and fleet management solutions
business.

On May 22, 2020, The Hertz Corporation and certain of its U.S. and
Canadian subsidiaries and affiliates filed voluntary petitions for
reorganization under Chapter 11 in the U.S. Bankruptcy Court
(Bankr. D. Del. Case No. 20-11218).

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

White & Case LLP is serving as legal advisor, Moelis & Co. is
serving as investment banker, and FTI Consulting is serving as
financial advisor.  Richards, Layton & Finger, P.A., is the local
counsel.

Prime Clerk LLC is the claims agent, maintaining the page
https://restructuring.primeclerk.com/hertz


HOFFMASTER GROUP: Moody's Alters Outlook on Caa1 CFR to Stable
--------------------------------------------------------------
Moody's Investors Service affirmed Hoffmaster Group, Inc.'s ratings
including its Corporate Family Rating at Caa1, its Probability of
Default Rating at Caa1-PD, its senior secured first lien revolving
credit facility due 2023 and senior secured first lien term loan
due 2023 ratings at B3, and its senior secured second lien term
loan due 2024 at Caa3. The outlook was changed to stable from
negative.

The ratings affirmation and outlook change to stable reflects the
lower refinancing risks and improved liquidity following the
company's recent revolver amendment and extension, and Moody's
expectations for a gradual recovery in sales and earnings over the
next 12-18 months. The company's recent amendments to its $50
million first lien revolving credit facility extended the revolver
expiration to February 2023, and also waived the facility's
springing maximum first lien 6.5x leverage financial maintenance
covenant until January 2023. The revolver has a minimum liquidity
(cash plus unused revolver availability) covenant of at least $10
million plus 50% of net cash proceeds from sale lease back
transactions, tested monthly. In September 2020, the company
completed a sale leaseback of its Oshkosh, Wisconsin facility that
generated net cash proceeds of $22.8 million.

The company reported year-over-year revenue and EBITDA
(management's calculation) declines of 22% and 42% respectively in
fiscal 2020, due to material disruptions on its foodservice and
specialty end markets due to the coronavirus outbreak. Moody's
expects the company's topline and earnings will gradually recover
over the next 12-18 months, benefiting from a recovering US
economy, a gradual reopening in the foodservice sector throughout
2021, and as the company laps weak results during 2020 and early
2021.

Moody's expects that the company's cash balance of $26 million and
access to an undrawn $50 million revolver as of fiscal year end
December 27, 2020, provides Hoffmaster financial flexibility to
fund near term working capital investments as sales and volumes
continue to recover. The revolver extension and covenant waiver
provides the company with some runway to improve operating results
and cash flow generation.

Affirmations:

Issuer: Hoffmaster Group, Inc.

Probability of Default Rating, Affirmed Caa1-PD

Corporate Family Rating, Affirmed Caa1

Senior Secured 1st Lien Bank Credit Facility (Revolver and Term
Loan), Affirmed B3 (LGD3)

Senior Secured 2nd Lien Bank Credit Facility (Term Loan), Affirmed
Caa3 (LGD5) from (LGD6)

Outlook Actions:

Issuer: Hoffmaster Group, Inc.

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

Hoffmaster's Caa1 CFR broadly reflects its relatively small scale
with annual revenue of just under $400 million, and weak credit
metrics with very high debt/EBITDA leverage at over 12x and weak
EBITA/interest coverage below 1x for the fiscal year end December
27, 2020. The company has a narrow product focus and limited
geographic diversification. Hoffmaster has customer concentration
in the foodservice/restaurant and specialty retail end markets,
which continue to be materially and negatively affected by
coronavirus related closures and reduced operations. As a result,
the company reported material year-over-year revenue and
management's adjusted EBITDA declines of 22% and 42% respectively
in fiscal 2020. Moody's expects Hoffmaster's revenue and earnings
will gradually and sequentially improve over the next 12-18 months,
supported by a recovering US economy, the gradual reopening in the
foodservice sector throughout 2021, and as the company laps weak
results during 2020 and early 2021. However, Moody's projects
revenue and EBITDA will remain well below pre-pandemic levels and
for negative free cash flow of around $15 million in fiscal 2021,
pressured by working capital investments as sales and volume
recover. Governance factors include the company's aggressive
financial policies under private equity ownership, including high
financial leverage.

The rating also reflects the company's good market position in the
foodservice channel and in the more fragmented consumer channel,
specifically in the club and grocery sectors. The company's lack of
channel conflict in the consumer channel and its strategic position
in foodservice provide a competitive advantage. Hoffmaster's
adequate liquidity reflects its cash balance of $26 million and
access to an undrawn $50 million revolver as of December 27, 2020,
which provides financial flexibility to fund near term working
capital investments. The financial maintenance covenant waiver
until January 2023 provides the company with some runway to improve
operating results and free cash flow. However, the company's
currently very high financial leverage and expected weak free cash
flow in 2021 presents refinancing risks if operating results do not
materially improve ahead of its 2023 debt maturities.

Moody's regards the coronavirus outbreak as a social risk under its
ESG framework, given the substantial implications for public health
and safety. The coronavirus outbreak, the government measures put
in place to contain it, and the weak global economic outlook
continue to disrupt economies and credit markets across sectors and
regions. Moody's analysis has considered the effect on the
performance of Hoffmaster from the current weak US economic
activity and a gradual recovery for the coming year. Although an
economic recovery is underway, it is tenuous, and its continuation
will be closely tied to containment of the virus. As a result, the
degree of uncertainty around Moody's forecasts is unusually high.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The stable outlook reflects Moody's expectations that Hoffmaster's
revenue and earnings will gradually and sequentially recover over
the next 12-18 months, and that the company will maintain adequate
liquidity supported by access to its $50 million revolver over the
next 12 months.

The ratings could be upgraded if leverage materially declines
driven by improved operating results and positive free cash flow
generation resulting in debt/EBITDA sustained below 7.0x and at
least adequate liquidity with less reliance on revolver
borrowings.

The ratings could be downgraded if Hoffmaster's revenue and
earnings do not recover as expected, or if liquidity deteriorates
for any reason, including revolver availability falling below $20
million. Ratings could also be downgraded if the risk of a debt
restructuring or event of default increases for any reason.

Hoffmaster Group, Inc., headquartered in Oshkosh, Wisconsin, is a
leading niche manufacturer and supplier of decorative disposable
tableware products sold equally throughout the foodservice and
retail channels. The company's primary products include napkins,
displays, plates, cups, table covers, straws, and placemats among
other complementary items. The company also sells sourced items
such as cutlery and accessory items sold under the Hoffmaster,
Touch of Color, Party Creations, Sensations, Paper Art and
FashnPoint brand names. The company was acquired in an LBO
transaction by private equity firm Wellspring Capital from
Metalmark Capital in November 2016. Hoffmaster is a private company
and does not publicly disclose its financials. Revenue for the
twelve month period ended December 27, 2020 were just under $400
million.

The principal methodology used in these ratings was Consumer
Packaged Goods Methodology published in February 2020.


HOMETOWN INTERNATIONAL: Incurs $631,356 Net Loss in 2020
--------------------------------------------------------
Hometown International, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$631,356 on $13,976 of sales for the year ended Dec. 31, 2020,
compared to a net loss of $149,341 on $21,772 of sales for the year
ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $1.56 million in total assets,
$70,051 in total liabilities, and $1.49 million in total
stockholders' equity.

The Company said, "We began generating revenue from the sales of
our food and beverage since our soft opening in mid-October 2015.
Besides the equipment, fixtures, and inventories we purchased for
our deli store, we have limited assets.  We had minimal working
capital as of the date of this annual report and used cash in
operating activities for the reporting period then ended.  These
factors raise substantial doubt from our auditor about our ability
to continue as a going concern."

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

https://www.sec.gov/Archives/edgar/data/1632081/000121390021018020/f10k2020_hometowninter.htm

                   About Hometown International

Through its wholly-owned subsidiary, Your Hometown Deli Limited
Liability Company, Hometown International, Inc. operates a
delicatessen store that features "home-style" sandwiches and other
entrees in a casual and friendly atmosphere.  The store is designed
to offer local patrons of all ages with a comfortable community
gathering places.  Targeted towards smaller towns and communities,
the Company's first unit was built in Paulsboro, New Jersey.


HOWMET AEROSPACE: Moody's Raises CFR to Ba2 on Solid Liquidity
--------------------------------------------------------------
Moody's Investors Service upgraded Howmet Aerospace Inc.'s ratings,
including its Corporate Family Rating and Probability of Default
ratings to Ba2 and Ba2-PD from Ba3 and Ba3-PD, respectively.
Concurrently, Moody's upgraded the company's senior unsecured notes
to Ba2 from Ba3 and Speculative Grade Liquidity rating to SGL-1
from SGL-2. The ratings outlook is stable.

The ratings upgrade is based on Moody's expectation that Howmet
will reduce its financial leverage to below 4.0x debt/EBITDA by
2022 year-end with EBITDA margins exceeding 20%. The company is
demonstrating good operating performance and solid liquidity amid
the coronavirus pandemic, despite meaningful demand-driven
headwinds. The company's progress in reducing debt, and Moody's
expectation that the company will continue to generate positive
annual free cash flow also supports the upgrades.

RATINGS RATIONALE

Howmet's Ba2 CFR reflects its sizable revenue of over $5 billion
and well-established #1 and #2 market position for many of its core
products. The company is a key supplier to the aerospace & defense
OEM and Tier I suppliers that comprise approximately 70% of total
revenues. Howmet also benefits from its significant presence across
a wide and diverse range of key program platforms. Moody's expects
the company's solid liquidity will enable it to continue to
withstand continued pressure in the commercial aerospace business
(approximately 50% of revenue) in 2021. Moody's anticipates a more
meaningful improvement in credit metrics in 2022 through 2023 as
the sector endures a prolonged recovery. Further, the company
benefits from healthy demand in its defense aerospace business that
comprises 20% of revenues combined with improved fundamentals in
its commercial vehicle wheels and industrials businesses. These
factors will counterbalance the slow recovery in the company's
commercial aerospace business.

At the same time, Moody's expects that 2021 will continue to be a
challenging year for the company's commercial aerospace business as
inventory destocking continues and production levels remain well
below 2019 pre-pandemic levels. In Moody's view, management's
demonstrated track record of effectuating cost reductions and
deciding to scale back shareholder remuneration amid challenging
end-market conditions are also supportive of the company's credit
position. Moody's expects the company to show meaningful earnings
improvement and generate significant cash over the next 18-24
months. This will give the company ample liquidity to pay down debt
maturities as they come due -- an important credit consideration.

Howmet's corporate governance has historically reflected a
relatively aggressive financial policy with sizable share
repurchases. However, in Moody's view, the company's actions amid
the pandemic -- including a meaningful scale back in both share
repurchases and dividends -- are positive actions. However, as
strained end markets recover, Moody's expects that the company will
continue to allocate a portion of free cash generation towards
shareholder remuneration, but at a more moderate level versus pre
pandemic levels.

Howmet's SGL-1 liquidity rating incorporates Moody's expectation
that the company will generate strong cash generation over the next
12 to 18 months while maintaining an undrawn $1 billion unsecured
revolving credit facility and sizable cash balances.

The stable ratings outlook reflects Moody's expectation that Howmet
will be able to maintain very good liquidity over the next twelve
to eighteen months while improving its financial leverage profile.

The following rating actions were taken:

Upgrades:

Issuer: Howmet Aerospace Inc.

Corporate Family Rating, Upgraded to Ba2 from Ba3

Probability of Default Rating, Upgraded to Ba2-PD from Ba3-PD

Speculative Grade Liquidity Rating, Upgraded to SGL-1 from SGL-2

Pref. Stock Preferred Stock, Upgraded to B1 (LGD6) from B2 (LGD6)

Senior Unsecured Shelf, Upgraded to (P)Ba2 from (P)Ba3

Senior Unsecured Regular Bond/Debenture, Upgraded to Ba2 (LGD4)
from Ba3 (LGD4)

Issuer: Iowa Finance Authority

Senior Unsecured Revenue Bonds, Upgraded to Ba2 (LGD4) from Ba3
(LGD4)

Outlook Actions:

Issuer: Howmet Aerospace Inc.

Outlook, Changed To Stable From Negative

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings could be downgraded if the company's EBITDA margins
erode to below 15% or debt/EBITDA is not on track to fall below
4.5x by 2022 year-end. Free cash flow falling below $200 million
annually could also result in a ratings downgrade. In addition,
debt-financed share repurchases, dividends and acquisitions or
spin-offs that further elevate financial leverage as the company
contends with end-market headwinds could also pressure ratings
downward.

Conversely, ratings could be upgraded if the company's top line
grows organically through positive end-market fundamentals.
Sustaining EBITDA margins at the 20% level with strong free cash
flow conversion are also important considerations to a prospective
ratings upgrade. In addition, debt/EBITDA sustained below 3.0 times
would be necessary before Moody's would consider an upgrade.

Headquartered in Pittsburgh, Pennsylvania, Howmet Aerospace is a
major global player in the lightweight metals and high performance
multi-materials sector that serves the aerospace and commercial
transportation end-markets. Approximately 70% of the company's
revenues are derived from the aerospace and defense end-market. Net
sales exceed $5 billion.

The principal methodology used in these ratings was Aerospace and
Defense Methodology published in July 2020.


ILYAS CHAUDHARY: $300K Sale of Petrolia and Blue Sky Interests OK'd
-------------------------------------------------------------------
Judge Mark S. Wallace of the U.S. Bankruptcy Court for the Central
District of California authorized Ilyas Chaudhary's sale of right,
title, and interest in 6.1 million shares of stock of Petrolia
Energy Corp., an international oil and gas company incorporated in
Texas, and a 25% interest in Blue Sky Resources Ltd., for $300,000
to Mansoor Ahmad Anjum, subject to the lien of the Franchise Tax
Board, subject to overbid.

A hearing on the Motion was held on April 12, 2021, at 2:00 p.m.

The bidding procedures described in the Memorandum of Points and
Authorities are approved.

The securities offered have not been registered under the 1933 Act,
or the securities laws of any state and are being offered in
reliance upon certain exemptions from registration under such laws.
Such exemptions impose substantial restrictions on the subsequent
transfer of securities such that an investor may not subsequently
resell the securities offered unless the securities are
subsequently registered under applicable federal and state
securities laws or an exemption from such registration is
available.  Persons seeking to resell these securities should
consult with securities counsel before effecting any transactions
in the shares.

The payment of the Internal Revenue Service in the amount of
$300,000 is authorized.

The 14-day waiting period set forth in Bankruptcy Rule 6004(h) is
waived.

The bankruptcy case is In re: Ilyas Chaudhary, (Bankr. C.D. Cal.
Case No.: 8:20-bk-11329-MW).



INSULET CORP: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings assigned its 'B' issuer credit rating to Insulet
Corp. S&P also assigned its 'B+' issue-level rating and '2'
recovery rating to Insulet's proposed first-lien senior secured
facility, indicating its expectations for 70%-90% (rounded
estimate: 80%) recovery in the event of a default.

S&P said, "Our stable outlook reflects Insulet's solid competitive
positions in the insulin delivery space and its strong growth
prospects in the coming years. We expect this, along with improving
EBITDA margins, to enable the company to reduce its adjusted
leverage and start generating positive free cash flows in 2023,
while pursuing its business development strategy.

"Our rating reflects the company's product concentration and
below-average EBITDA margin, partially offset by its leading
position in the diabetes management space and high revenue growth
prospects.

"Our assessment of Insulet's business risk reflects its high
product concentration, competition from large and financially
strong competitors (i.e., Medtronic plc, Roche Holdings AG, and Eli
Lilly & Co.) as well as other smaller size competitors, and its
below-average EBITDA margin profile. These risks are only partially
offset by Insulet's participation in the high-growth diabetes
market and its competitive advantage stemming from its advanced
technological solution that we believe should enable it to continue
expanding its market share in the coming years.

"Insulet's main product, the Omnipod System, includes a
self-adhesive disposable tubeless device that is worn on the body.
We believe this product offers significant technological advantages
(i.e., its small size and tubeless insulin delivery) and increases
patients' comfort, compared to traditional insulin injections and
tube-based pumps. We believe Omnipod's technological advantages
position it favorably versus other available alternatives. We
believe this competitive advantage is likely to be further extended
by the company's new generation, Omnipod 5, which is expected to
receive FDA approval and enter the marketplace in 2021, advancing
Omnipod's connectivity and automation features such as integration
with continuous glucose monitoring devices (CGM) and insulin
management from a smartphone device.

"We also view the company's business model in the U.S. marketplace
as favorable. It enables the company to distribute Omnipod via the
pharmacy channel, based on its Medicare Part D classification as a
disposable device rather than the durable medical equipment (DME)
classification of the competitors. The Part D classification
eliminates a large up-front payment required under the DME
classification, which we believe is more attractive to payors. We
believe it should also make a direct-to-patient marketing campaigns
more effective.

"We believe the market for diabetes management is fast growing,
driven by the increasing population living with diabetes as well as
technological advancements in both insulin delivery and CGM
components. We believe Insulet is well positioned to continue
growing at or even above the market growth rate. We are projecting
revenue growth in the 12% to 17% range for Insulet in the coming
three years. At the same time, we believe that maintaining a
leading position and high growth prospects will require increasing
investments in research and development (R&D) and sales and
marketing (S&M) infrastructure and may put some pressure on the
company's efforts to expand its operating margins in the coming
years.

"While we recognize the company's business advantages, we believe
Insulet's therapeutic concentration and high dependence on one
product family is a significant rating constraint. We believe it
faces higher-than-average reputation risk should its products
malfunction or cause material side effects. In addition, the
company's EBITDA margins are below average for the medical device
sector, driven by the combination of Omnipod's relatively high
manufacturing costs (given the sophisticated nature of the product)
and a competitive landscape that does not allow the company to
charge significant price premiums.

"Despite these risks, we think Insulet has one of the strongest
competitive positions among its rated medical device peers with
similar business profile (i.e. Cryolife Inc., BVI Holdings Mayfair
Ltd. and Carestream Dental Parent Ltd.) Each of these peers are
smaller in size, operate in markets with slower growth rates, and,
in our view, do not have the same level of technological advantage
versus their large and financially strong competitors. However,
most of these peers benefit from more diverse product portfolios
and higher EBITDA margins.

"Our rating also reflects our forecast of leverage of above 6x and
the expected cash flow deficits in 2021-2022, partially offset by
the company's large cash balance that should serve as a cushion to
absorb the deficits. Our base case indicates the company's S&P
Global Ratings' adjusted leverage will remain above 6x in the
coming few years and have free cash flow deficits in 2021 and 2022.
We forecast the leverage ratio will be at about 7.5x in 2021,
decreasing to about 6x in 2023.

"According to the company's business plan associated with the
commercial launch of Omnipod 5 system in 2021, we forecast
significant cash outflows for working capital needs, as well as
capital investments in manufacturing capacity expansion, resulting
in large cash flow deficit of about $180 million. In 2022 we expect
only small deficit of about $10 million-$20 million, based on our
expectations of normalized working capital needs and reduction in
capital expenditures (capex). We project the company to generate
positive free cash flows starting from 2023.

"In our leverage metrics calculations we do not net cash, but we
acknowledge that as of the end of 2020, the company had a large
cash and short-term investments balance (about $950 million) that
should serve as a cushion to absorb cash flow deficits in the
coming years without the need for further debt issuance. In
addition, we acknowledge that near-term cash flow deficits will be
incurred largely to support expected future demand growth.

"We expect the company to complement its organic growth with
acquisitions to expand its product portfolio. In our analysis we
assume the company could pursue business development opportunities
to diversify its product portfolio and solidify its position in the
diabetes market. We assume it could do so by deploying part of its
cash balance toward acquisitions or through additional debt
issuances. We thus project the company's leverage will remain above
6x in the coming years.

"Our stable outlook reflects Insulet's solid competitive position
in the insulin management and delivery space and its strong growth
prospects in the coming years. We expect this, along with improving
EBITDA margins, to enable the company to reduce its net adjusted
leverage and start generating positive free cash flows in 2023,
while pursuing its business development strategy."

S&P could consider a downgrade if

-- The company's operating performance is materially weaker than
S&P's forecast and expects its leverage will remain elevated at
more than 8x, while free cash flow remains negative beyond 2022
with limited prospects for improvement. This can occur if the
company's market share deteriorates due to intensified competition
or operational issues with its products.

-- The company adopts a more aggressive expansion strategy,
resulting in elevated leverage and cash flow beyond 2022 with
limited prospects for improvement.

S&P could consider an upgrade if the company continues to increase
cash flow generation so its adjusted free cash flow to debt ratio
is at least 3% and leverage is comfortably below 6x on a sustained
basis.


INTERNATIONAL FOOD: Creditor Bars Use of Cash Collateral
--------------------------------------------------------
Flex Funding, LLC, a secured creditor of International Food Service
Purchasing Group, Inc., asked the Bankruptcy Court to prohibit the
Debtor from using cash collateral until adequate protection is
provided to Flex Funding.

Before the Petition Date, the Debtor and Flex Funding are parties
to three merchant agreements pursuant to which the Debtor agreed to
sell and Flex Funding agreed to purchase a fixed percentage of the
Debtor's future income stream until the purchased amount has been
fully collected.  The Debtor defaulted on the third agreement
pre-petition leaving a balance due of $568,550.

Manuel Fernandez-Bared, Esq., at Toro, Colon, Mullet, P.S.C.,
counsel to Flex Funding, disclosed that the Debtor has "refused to
provide adequate protection to Flex . . . and [the Debtor]
continues use cash collateral without the permission" of Flex or of
the Court.  He added that during the pendency of the Debtor's case,
the Debtor's February 2021 operating report showed that it lost
$216,652.  "This means that the Debtor has eroded Flex's secured
position by that amount and continues to do so without a single
adequate protection payment," he told the Court.  

Accordingly, Flex Funding asked the Court to:

  (a) prohibit the Debtor from using any Cash Collateral of Flex
unless otherwise ordered by this Court;

  (b) require that any of Flex Funding's cash collateral which is
in the possession or control of the Debtor or any of the Debtor's
insiders be turned over to Flex;

  (c) require segregation and accounting of all cash collateral
received from the Petition Date for the Debtor's benefit;

  (d) require replacement liens on all cash collateral as of the
Petition Date;

  (e) convert the Debtor's case to one under Chapter 7.

A copy of the motion is available for free at
https://bit.ly/3x8MnDk from PacerMonitor.com.

Counsel for Flex Funding, LLC

   Manuel Fernandez-Bared, Esq.
   Toro, Colon, Mullet, P.S.C.
   P.O. Box 195383
   San Juan, PR 00919-5383
   Tel.: (787) 751-8999
   Fax: (787) 763-7760
   E-mail: mfb@tcm.law

                     About International Food Service
                             Purchasing Group

San Juan, P.R.-based International Food Service Purchasing Group
Inc. is a non-profit organization that provides supply chain
analysis and management services for the restaurant industry.

International Food Service filed a Chapter 11 petition (Bankr.
D.P.R. Case No. 20-01458) on March 20, 2020. In the petition signed
by International Food Service President Charles A. Maxwell, the
Debtor was estimated to have $1 million to $10 million in both
assets and liabilities.

Judge Mildred Caban Flores oversees the case.

The Debtor has tapped Modesto Bigas Law Office as its bankruptcy
counsel and Cheng Cohen LLC as its litigation counsel.



INTERNATIONAL LAND: Incurs $2.7 Million Net Loss in 2020
--------------------------------------------------------
International Land Alliance, Inc. filed with the Securities and
Exchange Commission its Annual Report on Form 10-K disclosing a net
loss of $2.67 million on $8,290 of revenues for the year ended Dec.
31, 2020, compared to a net loss of $1.59 million on $463,799 of
revenues for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $2.40 million in total assets,
$3.31 million in total liabilities, $293,500 in preferred stock
series B, and a total stockholders' deficit of $1.20 million.

Irvine, California-based Haskell & White LLP, the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated April 2, 2021, citing that the Company has experienced
recurring losses from operations, has limited financial resources
to repay its debt obligations, will require substantial new capital
to execute its business plans, and the real estate industry in
which it operates faces significant uncertainty due to the COVID-19
pandemic, which raise substantial doubt about its ability to
continue as a going concern.

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

https://www.sec.gov/Archives/edgar/data/1657214/000149315221007851/form10-k.htm

                      About Land International

International Land Alliance, Inc. -- -- https://ila.company -- is
an international land investment and development firm based in San
Diego, California.  The Company is focused on acquiring attractive
raw land primarily in Northern Baja California, often within
driving distance from Southern California.  The Company's principal
activities are purchasing properties, obtaining zoning and other
entitlements required to subdivide the properties into residential
and commercial building lots, securing financing for the purchase
of the lots, improving the properties' infrastructure and
amenities, and selling the lots to homebuyers, retirees, investors
and commercial developers.


INTERNATIONAL LAND: To Acquire Land, Permits for 450 Homesites
--------------------------------------------------------------
International Land Alliance, Inc. has signed a Letter of Intent to
acquire two parcels of land in Rosarito Beach, Baja California,
Mexico, with total surface area of roughly 32 acres valued at
approximately $6 million.  The all-stock transaction includes plans
and permits for an existing 450-homesite project situated on the
Pacific Ocean, with existing sales averaging $50,000 per
residential lot.  The LOI includes the accounts receivable for lots
sold and the remaining unsold lots.

"This oceanfront project is a great compliment to our current
product offering in the Tijuana ā€“ Ensenada corridor, a region
which continues to lend well to our development model," said
Roberto Valdes, chairman & chief executive officer of ILA.  "Having
a dedicated management team to oversee the existing project, which
already has established permits and sales, will allow us to
seamlessly integrate the development into our portfolio.  The
acquisition also provides ILA with expanded sales and marketing
resources, which we expect to benefit existing home sales at our
neighboring Valle Divino and Plaza Bajamar properties.  We look
forward to working with our new partner to advance this exciting
residential project by leveraging ILA's proptech applications and
construction services."

The Company expects to complete due diligence and close this
transaction 45 to 60 days.  Further details on the transaction will
be announced at closing.

                        About Land International

International Land Alliance, Inc. -- -- https://ila.company -- is
an international land investment and development firm based in San
Diego, California.  The Company is focused on acquiring attractive
raw land primarily in Northern Baja California, often within
driving distance from Southern California.  The Company's principal
activities are purchasing properties, obtaining zoning and other
entitlements required to subdivide the properties into residential
and commercial building lots, securing financing for the purchase
of the lots, improving the properties' infrastructure and
amenities, and selling the lots to homebuyers, retirees, investors
and commercial developers.

International Land reported a net loss of $2.67 million for the
year ended Dec. 31, 2020, compared to a net loss of $1.59 million
for the year ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company
had $2.40 million in total assets, $3.31 million in total
liabilities, $293,500 in preferred stock series B, and a total
stockholders' deficit of $1.20 million.

Irvine, California-based Haskell & White LLP, the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated April 2, 2021, citing that the Company has experienced
recurring losses from operations, has limited financial resources
to repay its debt obligations, will require substantial new capital
to execute its business plans, and the real estate industry in
which it operates faces significant uncertainty due to the COVID-19
pandemic, which raise substantial doubt about its ability to
continue as a going concern.


INVO BIOSCIENCE: Incurs $8.3 Million Net Loss in 2020
-----------------------------------------------------
Invo Bioscience, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$8.35 million on $1.04 million of total revenue for the year ended
Dec. 31, 2020, compared to a net loss of $2.17 million on $1.48
million of total revenue for the year ended Dec. 31, 2019.

The increase in net loss was due to increased operating expenses,
interest expense and non-cash expenses.  Approximately $2,626,168
of this increase was related to non-cash debt amortization expense
along with $1,756,991 of non-cash equity compensation.

As of Dec. 31, 2020, the Company had $10.95 million in total
assets, $5.20 million in total liabilities, and $5.74 million in
total stockholders' equity.  As of Dec. 31, 2020, the Company had
$10,097,760 in cash compared to $1,238,585 on Dec. 31, 2019.

                Lack of Going Concern Paragraph

Houston, Texas-based M&K CPAS, PLLC, the Company's auditor since
2019, said in its report dated March 30, 2021, that due to the net
loss and negative cash flows from operations for the year, the
Company evaluated the need for a going concern.  "Auditing
managements evaluation of a going concern can be a significant
judgment given the fact that the Company uses management estimates
on future revenues and expenses which are not able to be easily
substantiated.  To evaluate the appropriateness of the lack of
going concern paragraph in our audit opinion, we examined and
evaluated the financial information that was the initial cause for
this consideration along with management's plans to mitigate the
going concern and management's disclosure on going concern," M&K
stated.

                      Management Discussion

"In the face of a difficult year for many industries, including the
fertility business, I am extremely proud of the accomplishments of
the entire INVO Bioscience team," commented Steve Shum, chief
executive officer of INVO Bioscience.  "During the year, we put in
place a number of building blocks for the future, which are already
beginning to pay dividends.  Recently we announced our plan to open
our first U.S.-based INVOcell clinic in partnership with some of
the most highly accomplished INVOcell practitioners in the world.
Our partners are not only extremely well-versed in the INVOcell
technology, but also have a proven track record of successful
implementation of the platform within an established clinical
setting.  A few months prior, we announced that we plan to open
dedicated INVOcell clinics in Mexico with Dr. Francisco Arredondo
and Dr. Ramiro Ramirez, who were also early adopters of the
INVOcell solution and have established a successful track record of
successful implementation of INVOcell in a clinical setting.  We
believe the combination of strong distribution partners such as
Ferring in the U.S. and other locations around the world, coupled
with dedicated INVOcell clinics partnerships which INVO Bioscience
has an equity interest in, position the Company well for the
future."

"Another key development during the year was the availability of
additional positive real-world usage data highlighting the success
of INVOcell, including a published peer-reviewed manuscript
(report).  We expect to see further data from this year's SART
information in the near future.  In our opinion, this expanded
retrospective, real world validated data is extremely valuable to
our commercial efforts and builds confidence with practitioners.
We believe that this expanding portfolio of usage data will play an
important role in expanding and accelerating market adoption."

"In addition to expanded commercialization agreements and positive
real-world usage data, we accelerated a number of other activities
necessary to drive long-term adoption of INVOcell.  In particular,
we strengthened the Company with leaders on our board of directors
and industry experts on the medical advisory board.  With a strong
team in place, and a balance sheet strengthened by our public
offering and uplisting to Nasdaq, we remain optimistic about the
near and long-term future," Mr. Shum concluded.

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

https://www.sec.gov/Archives/edgar/data/1417926/000118518521000413/invobio20201231_10k.htm

                        About INVO Bioscience

Sarasota, Florida-based INVO Bioscience, Inc. --
http://invobioscience.com-- is a medical device company focused on
creating simplified, lower-cost treatments for patients diagnosed
with infertility.  The Company's solution, the INVO Procedure, is a
revolutionary in vivo method of vaginal incubation that offers
patients a more natural and intimate experience.  Its lead product,
the INVOcell, is a patented medical device used in infertility
treatment and is considered an Assisted Reproductive Technology
(ART).

The Company reported a net loss of $3.07 million for the year ended
Dec. 31, 2018, following a net loss of $702,163 for the year ended
Dec. 31, 2017.


INVO BIOSCIENCE: Signs Partnership Agreement With Lyfe Medical
--------------------------------------------------------------
Invo Bioscience, Inc. entered into a partnership agreement with
Lyfe Medical Center I, LLC under which Medical Group will establish
a clinic in Santa Cruz, Calif., to offer the INVO procedure to its
patients and where the company will provide embryology laboratory
services in connection with the INVO procedure and other fertility
treatments provided by Medical Group to its patients at the Santa
Cruz clinic.  

Under the terms of the Partnership Agreement, the company will
receive 40% of the net income received by the Santa Cruz clinic for
the performance of the lab services under the partnership
agreement.

Invo Bioscience had previously announced, in early 2019, an intent
to establish a similar partnership in the San Francisco area with a
different partner, which the company subsequently determined not to
pursue and will instead focus on the partnership with Medical
Center for the region.

                       About INVO Bioscience

Sarasota, Florida-based INVO Bioscience, Inc. --
http://invobioscience.com-- is a medical device company focused on
creating simplified, lower-cost treatments for patients diagnosed
with infertility.  The Company's solution, the INVO Procedure, is a
revolutionary in vivo method of vaginal incubation that offers
patients a more natural and intimate experience.  Its lead product,
the INVOcell, is a patented medical device used in infertility
treatment and is considered an Assisted Reproductive Technology
(ART).

Invo Bioscience reported a net loss of $8.35 million in 2020, a net
loss of $2.16 million on $1.48 million in 2019, a net loss of $3.07
million in 2018, and a net loss of $702,163 in 2017.  As of Dec.
31, 2020, the Company had $10.95 million in total assets, $5.20
million in total liabilities, and $5.74 million in total
stockholders' equity.


J.H. BRYANT: Seeks to Hire Danning Gill as Bankruptcy Counsel
-------------------------------------------------------------
J.H. Bryant Jr., Inc. seeks approval from the U.S. Bankruptcy Court
for the Central District of California to hire Danning, Gill,
Israel & Krasnoff, LLP as its general bankruptcy counsel.

The firm will render these services:

     a. assist, prepare and/or handle all filings relating to the
commencement of the case, compliance with Court and the Office of
the United States Trustee's requirements, and other legal,
bankruptcy, or estate administrative tasks such as, but not limited
to, petition, schedules, statement of financial affairs, any
necessary amendments thereto, the U.S. Trustee's 7-day package and
any other U.S. Trustee inquiries;

     b. attend the meeting creditors and initial debtor interview
with the Debtor;

     c. represent the Debtor in contested matters and adversary
proceedings (if necessary) and at hearings before this Court;

     d. advise the Debtor with respect to any bankruptcy
implications of the two Superior Court actions and any other
pending nonbankruptcy actions, to address attendant creditor claims
in the bankruptcy case, and to confer with the Debtor's
nonbankruptcy counsel therein as appropriate;

     e. assist the Debtor in identifying, analyzing, protecting
and/or obtaining possession of property of the estate, including,
if appropriate, seeking the turnover of property of the estate;

     f. assist Applicant with the use, sale, or lease of property
of the estate;

     g. assist the Applicant with the abandonment or other
disposition of property of the estate;

     h. review and pursue avoidable transfers, if any;

     i. analyze and review the validity of claims of alleged
creditors and, if appropriate, object to those claims;

     j. assist with the employment and compensation processes for
professionals;

     k. analyze the validity of all administrative expenses and, if
appropriate, object to those expenses;

     l. assist the Applicant with the settlement and compromise of
claims by or against the estate, or pertaining to matters relating
to this case;

     m. advise the Debtor with respect to subchapter V, chapter 11
case requirements. including, to the extent necessary, the
preparation and filing of Monthly Operating Reports (MORs),
maintaining DIP bank accounts, preparation of a plan of
reorganization, assumption or rejection of leases, among other
requirements, and to help the Debtor ensure compliance with the
Bankruptcy Code, the Bankruptcy Rules, the Local Bankruptcy Rules,
and the Guidelines of the United States Trustee;

     n. coordinate with the other professionals employed by the
Debtor;

     o. communicate with other parties in interest including the
U.S. Trustee, the subchapter V Trustee, and creditors; and

     p. perform other general legal services to expeditiously
administer the estate.

The firm's current hourly rates are:

     Richard K. Diamond      $725
     Eric P. Israel          $725
     Brad D. Krasnoff        $725
     George E. Schulman      $700
     Uzzi O. Raanan          $675
     John N. Tedford, IV     $675
     Zev Shechtman           $575
     Aaron E. de Leest       $625
     Michael G. D'Alba       $575
     Associates              $325
     Law Clerks              $280
     Paraprofessionals       $210-$280

The firm and all of its partners and associates are disinterested
persons as that term is defined in 11 U.S.C. Sec. 101(14),
according to court filings.

The firm can be reached through:

     Zev Shechtman, Esq.
     Danning, Gill, Israel & Krasnoff, LLP
     1901 Avenue of the Stars, Suite 450
     Los Angeles, CA 90067-4402
     Tel: 310-277-0077
     Fax: 310-277-5735

                    About J.H. Bryant Jr., Inc.

J.H. Bryant Jr., Inc. -- http://www.jhbryant.com-- is a
family-owned and operated multi-solution contractor established in
1951 to provide contracting services.

J.H. Bryant Jr., Inc. filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No.
21-12463) on March 26, 2021. The petition was signed by John Henry
Bryant III, president. At the time of filing, the Debtor estimated
$1 million to $10 million in both assets and liabilities.

The Hon. Ernest M. Robles oversees the case. Zev Shechtman, Esq. at
Danning, Gill, Israel & Krasnoff, LLP represents the Debtor as
counsel.


JFK HEATING: Gets Final OK to Use Cash Collateral
-------------------------------------------------
Judge Guy R. Humphrey of the U.S. Bankruptcy Court for the Southern
District of Ohio authorized JFK Heating & Cooling, LLC to use cash
collateral on a final basis strictly according to the budget to pay
trade vendors, suppliers, overhead and other expenses necessary for
the continued operation of the Debtor's business and the management
and preservation of its assets and properties.

Before the Petition Date, the Debtor as borrower, contracted a loan
with the U.S. Small Business Administration as lender.  As of the
Petition Date, the amount owing under the loan is $150,000, which
amount is secured by interests created under the Senior Secured
Loan Documents in essentially all assets of Debtor, excluding
rolling stock and real property.

The Court ruled that:

     * the Debtor shall pay the SBA on a timely basis $731 monthly
as adequate protection payments, which amount the SBA may allocate
for interest, principal, legal fees and costs as SBA seems
appropriate pursuant to the loan document.

     * the SBA is granted, effective as of the Petition Date, an
administrative expense claim against the Debtor's estate for the
full amount of diminution in the value of SBA's interests in the
cash collateral, pursuant to Section 507(b) of the Bankruptcy Code,
with priority over every other claim allowable under Section 507(a)
of the Bankruptcy Code.

     * the Debtor may grant the SBA valid, binding, enforceable and
perfected first priority liens and security interests in and upon
(i) all of the cash collateral and all proceeds thereof, and (ii)
all of the Debtor's property and assets acquired by the Debtor on
or after the Petition Date, of any kind and all proceeds therefrom.


     * parties-in-interest may object or challenge the SBA claim in
an adversary proceeding against SBA no later than May 10, 2021.

     * the Debtor shall deposit $2,000 monthly with the Subchapter
V Trustee, pending a Court order allowing and authorizing payment
of the Subchapter V Trustees fees in the Debtor's case.

A copy of the final order is available for free at
https://bit.ly/3spA6Xx from PacerMonitor.com.

                   About JFK Heating & Cooling

JFK Heating & Cooling, LLC -- https://www.jfkheatingandcooling.com
-- is a heating and cooling company based in Dayton, Ohio. The
Company offers furnace and air conditioning services in and around
Dayton.

JFK Heating & Cooling sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Ohio Case No. 21-30341) on March 8,
2021.  Jason Kirby, member, signed the petition.  At the time of
the filing, the Debtor disclosed total assets of $431,058 and total
liabilities of $1,212,947.

Judge Guy R. Humphrey oversees the case.

Coolidge Wall Co., LPA, led by Patricia J. Friesinger, Esq., serves
as the Debtor's counsel.  The firm may be reached at:

     Patricia J. Friesinger, Esq.
     Coolidge Wall Co., L.P.A.
     33 West First Street, Suite 600
     Dayton, OH 45402
     Tel: (937) 223-8177
     Fax: (937) 223-6705
     E-Mail: friesinger@coollaw.com

The Subchapter V Trustee may be reached at:

     Matthew T. Schaeffer, Esq.
     Bailey Cavalieri
     10 West Broad Street, Ste. 2100
     Columbus, OH 43215
     Tel: (614) 229-3289
     Fax: (614) 221-0479
     E-Mail: mschaeffer@baileycav.com



JIMMY HUTTON: $1.2M Sale of Dallas Property to KMS Approved
-----------------------------------------------------------
Judge Mark X. Mullin of the U.S. Bankruptcy Court for the Northern
District of Texas authorized Jimmy W. Hutton's sale of the real
property located at 2832 Blystone Lane, in Dallas, Texas, and
certain items of personal property to KMS Interests, Inc., for $1.2
million.

The outstanding balance on the Promissory Note covering the
Property due and owing to Barbara Allen Skinner in the estimated
amount of $563,000 will be paid at closing.

All reasonable and necessary closing costs (including but not
limited to title insurance, survey fees, and miscellaneous closing
costs), and the real estate broker's commission will be paid at
closing in accordance with the terms of the Contract.

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

Notwithstanding the foregoing, the year of closing ad valorem or
other property tax liens, if any, will be expressly retained on the
Property until the payment of such taxes, plus any penalties or
interest which may ultimately accrue thereon.

The stay provisions of Bankruptcy Rule 6004(h) will not apply to
the Order and the closing may occur without a 14-day waiting
period.

The Debtor is authorized and directed to take all other reasonable
and necessary actions to consummate the sale and transfer of the
Property from the estate to the Purchaser.

Jimmy W. Hutton sought Chapter 11 protection (Bankr. N.D. Tex. Case
No. 20-43642) on Nov. 30, 2020.  The Debtor tapped Joyce Lindauer,
Esq., as counsel.



JOYNER-BYRUM: Wins Cash Collateral Access on Final Basis
--------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of North
Carolina, Greenville Division, has authorized Joyner-Byrum
Properties, LLC to use cash collateral on a final basis in
accordance with the budget, with a 10% variance.

The Debtor has an immediate need for the use of cash collateral to
permit the operation of its business.

The Debtor and BB&T, now Truist Bank, are parties to a Promissory
Note issued by Joyner-Byrum dated as of October 19, 2015, in the
original principal amount of $100,000. The Note is secured by deeds
of trust in favor of Truist against six properties owned by
Joyner-Byrum.

Based on tax value alone, the value of the Debtor's property
securing Truist's loan is $147,477, and based on conservative
estimates Truist has an equity cushion of between $44,902 and
$59,902.

The Debtor asserts that the terms and condition of the Court's Cash
Collateral Order appear to provide adequate protection of the
interests of Truist in the Debtor's use of cash collateral. Truist
retains all rights with respect to adequate protection, including a
right to seek further relief under 11 U.S.C. sections 361, 362, and
363 and any other remedies available under applicable law.

The Debtor asserts that the terms, conditions, and limitations of
the Order are reasonably tailored to protect the interests of all
creditors of the bankruptcy estate.

As adequate protection for the Debtor's use of cash collateral,
Truist is granted a post-petition replacement lien in the Debtor's
post-petition property, with the liens having the same validity,
priority, and enforceability as Truist had against the same kind of
collateral as of the Petition Date, but any such replacement liens
are limited to the amount of the diminution in value of the
affected creditor's interest in the Cash Collateral.

The Debtor will pay as adequate protection to Truist pursuant to 11
U.S.C. sections 361, 362 and 363 the amount of $437 on the 10th of
each month.

The Debtor is also directed to maintain general liability,
malpractice, and worker's compensation insurance during the
pendency of the order.

A copy of the order and the Debtor's three-month budget is
available for free at https://bit.ly/3v8K81e from
PacerMonitor.com.

The Debtor projects total income of:

     $2,300 for March
     $2,300 for April
     $2,300 for May

                  About Joyner-Byrum Properties

Joyner-Byrum Properties, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D.N.C. Case No. 21-00111) on Jan. 20,
2021.  At the time of filing, the Debtor had estimated assets of
between $100,001 and $500,000 and liabilities of between $50,001
and $100,000.  

Judge Joseph N. Callaway oversees the case.  

J.C. White Law Group, PLLC is the Debtor's legal counsel.



KNOTEL INC: Files Liquidation Plan to Pay Creditors
---------------------------------------------------
Daniel Gill of Bloomberg Law reports that Knotel Inc., the bankrupt
operator of shared office spaces, filed a liquidation plan that
proposes to pay creditors pennies on the dollar after selling its
business to a secured lender.

A newly created liquidating trust would pay unsecured creditors
between 0.3% and 2.4% of their claims, worth about $300 million to
$400 million, according to its liquidation plan and disclosure
statement filed Wednesday, April 21, 2021, in the U.S. Bankruptcy
Court for the District Court of Delaware.

The trust would hold rights to sue third parties, claims against
directors and officers, and assets excluded from the overall sale
of the company.

                         About Knotel Inc.

Knotel -- http://www.Knotel.com/-- is a flexible workspace
platform that matches, tailors, and manages space for customers.
New York-based Knotel offers workspace properties such as desks,
open, and private spaces on rent for companies in 20 global
markets. In the U.S., Knotel primarily serves in the New York City
and San Francisco areas.

Knotel, founded in 2015, raised hundreds of millions of dollars
from investors. It expanded rapidly for years and was one of the
more aggressive competitors in the co-working and flexible office
space sector, becoming one of WeWork's fiercest rival.

As the COVID-19 pandemic upended the co-working industry, Knotel,
Inc., and its U.S. subsidiaries sought Chapter 11 protection
(Bankr. D. Del. Case No. 21-10146) on Jan. 30, 2021, to pursue a
sale of the assets to Newmark Group.

Knotel estimated $1 billion to $10 billion in assets and
liabilities as of the bankruptcy filing.

Morris, Nichols, Arsht & Tunnell LLP is serving as the Company's
counsel.  Moelis & Company is the investment banker.  Omni Agent
Solutions is the claims agent.


L. FREYRE'S TRANSPORT: Seeks to Hire Brooks Frank as Legal Counsel
------------------------------------------------------------------
L. Freyre's Transport, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Florida to hire the Law Offices
of Brooks, Frank & De La Guardia as its legal counsel.

The firm will render these services:

     a. advise the Debtor with respect to its rights, powers and
duties under the Bankruptcy Code;

     b. prepare legal documents and review all financial reports;

     c. assist in the negotiation and documentation of financing
agreements, debt and cash collateral orders, and related
transactions;

     d. review the nature and validity of any liens asserted
against the Debtor's property and advise the Debtor concerning the
enforceability of such liens;

     e. advise the Debtor in connection with the formulation,
negotiation and promulgation of a plan of reorganization and
related documents;

     f. advise the Debtor on potential property dispositions;

     g. advise the Debtor concerning executory contract and
unexpired lease assumption, assignment or rejection and lease
restructuring and recharacterization;

     h. assist the Debtor in reviewing, estimating and resolving
claims asserted against its estate;

     i. commence litigation necessary to assert the rights held by
the Debtor;

     j. provide general corporate, litigation and other
non-bankruptcy services;

     k. perform all other necessary legal services.

Brooks Frank will be paid at the rate of $550 per hour for the
services of Michael Frank, Esq., a partner at the firm, and $175
per hour for paralegal services.

Mr. Frank disclosed in a 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:

     Michael A. Frank, Esq.
     Law Offices of Brooks, Frank & De La Guardia
     10 NW 42nd Ave, Ste 620
     Miami, FL 33126
     Phone: (305) 443-4217
     Email: Pleadings@bkclawmiami.com

                    About L. Freyre's Transport

L. Freyre's Transport, Inc. sought protection for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
21-13202) on April 1, 2021, listing under $1 million in both assets
and liabilities.  Michael A. Frank, Esq., at the Law Offices of
Brooks, Frank & De La Guardia, serves as the Debtor's legal
counsel.


L.G. STECK: Court Confirms Plan of Reorganization
-------------------------------------------------
Judge Mary Jo Heston entered an order confirming L.G. Steck
Memorial Clinic, P.S., d/b/a Steck Medical Group's Third Amended
Plan of Reorganization dated April 19, 2021.

On April 19, 2021, the Court held a hearing to consider the
confirmation of the Second Amended Plan of Reorganization.  At the
hearing, the Debtor's counsel indicated that it would make certain
changes to the Second Amended Plan of Reorganization as discussed
therein and submit a Third Amended Plan of Reorganization.  At the
conclusion of that hearing, the Court gave an oral ruling which
constitutes the Court's findings of fact and conclusions of law
pursuant to Federal Rule of Bankruptcy Procedure 7052 and Federal
Rule of Civil Procedure 52(a).

The Third Amended Plan treats claims as follows:

   * Class 4: Allowed General Unsecured Claims.  Each holder of an
Allowed Class 4 General Unsecured Claim at the time of a
distribution shall receive a distribution of Cash equal to such
holder's Pro Rata share of the funds in the Creditor Distribution
Fund. The payments to Class 4 Creditors shall be paid within 7 days
after the end of the first full quarter subsequent to the Effective
Date.  Subsequent distributions shall be made every 6 months
thereafter for a total period not to exceed 20 calendar quarters.
Class 4 is impaired.

   * Class 5: Allowed General Unsecured Convenience Claims.  Class
5 consists of any holder of an Allowed Class 4 General Unsecured
Claim in the amount of $2,000 or less that has made the Class 5
Election. Each holder of an Allowed Class 4 General Unsecured Claim
that has made a Class 5 Election shall be paid within 90 days after
the Effective Date. Class 5 is impaired.

   * Class 6: Equity Interests of the Debtor.  Equity Interests
shall retain their interests in the Debtor. No distribution shall
be made to Equity Interest Holders on account of any Class 6 Equity
Interest unless and until all payments required to be made under
the Plan have been made. Class 6 is impaired.

The implementation of, and the distributions required under this
Plan, shall be accomplished through the Debtor's normal business
operations, and if necessary, the possible sale of personal
property or the equity interests of the Debtor; collection on
Debtor's causes of action; and contribution of future income.

Attorneys for the Debtor:

     J. Todd Tracy, WSBA #17342
     Steven J. Reilly, WSBA # 44306
     THE TRACY LAW GROUP PLLC
     1601 Fifth Avenue, Suite 610
     Seattle, WA 98101
     Tel: 206-624-9894
     Fax: 206-624-8598

A copy of the following Third Amended Plan of Reorganization is
available at https://bit.ly/ from PacerMonitor.com.

                 About L.G. Steck Memorial Clinic

L. G. Steck Memorial Clinic, P.C., is a professional service
corporation that provides health care services.  The Company was
incorporated in 1977 and does business as The Steck Medical Group.

L. G. Steck filed a Chapter 11 petition (Bankr. W.D. Wa. Case No.
19-43334) on Oct. 17, 2019, in Tacoma, Washington.  In the petition
signed by Hugo De Oliveira, chief administrative officer, signed
the petition, the Debtor was estimated with assets between $500,000
and $1 million, and liabilities between $1 million and $10 million.
The case is assigned to Judge Mary Jo Heston.  THE TRACY LAW GROUP
PLLC is the Debtor's counsel.


LAW OFFICES OF BRIAN WITZER : Taps Michael Jay Berger as Counsel
----------------------------------------------------------------
The Law Offices of Brian D. Witzer seeks approval from the U.S.
Bankruptcy Court for the Central District of California to hire the
Law Offices of Michael Jay Berger to handle its Chapter 11 case.

The hourly rates of the firm's attorneys and staff are as follows:

     Michael Jay Berger               $595
     Sofya Davtyan                    $495
     Debra Reed                       $435
     Carolyn M. Afari                 $435
     Samuel Boyamian                  $350
     Senior Paralegals and Law Clerks $225
     Bankruptcy Paralegals            $200

The firm received a retainer of $20,000 from the Debtor.  It will
also receive reimbursement for out-of-pocket expenses incurred.

Michael Jay Berger, Esq., disclosed in a court filing that his firm
is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code.

The firm may be reached at:

     Michael Jay Berger, Esq.
     Law Offices of Michael Jay Berger
     9454 Wilshire Boulevard, 6th Floor
     Beverly Hills, CA 90212-2929
     Tel: (310) 271-6223
     Fax: (310) 271-9805
     Email: michael.berger@bankruptcypower.com

               About Law Offices of Brian D. Witzer

The Law Offices of Brian D. Witzer -- https://witzerlaw.com -- is a
law firm specializing in serious personal injury, pharmaceutical
litigation, traumatic brain injury, premises liability,
construction liability, product liability, sexual assaults, and bad
faith insurance.

The Law Offices of Brian D. Witzer sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No.
21-12517) on March 29, 2021.  In the petition signed by Brian D.
Witzer, chief executive officer and owner, the Debtor disclosed up
to $500,000 in assets and up to $50 million in liabilities.

Judge Neil W. Bason oversees the case.

Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger,
is the Debtor's legal counsel.


LCM INVESTMENTS II: S&P Assigns 'BB-' ICR, Outlook Stable
---------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issuer credit rating and
'BB-' rating to the proposed $650 million senior unsecured notes,
with a '4' recovery rating (rounded estimate: 30%) to Florida-based
auto retailer LCM Investments Holdings II LLC (d/b/a Morgan
Automotive Group), indicating an average recovery for debtholders
in a hypothetical default scenario.

The stable outlook reflects S&P's expectation that Morgan
Automotive will continue to generate good cash flow while
maintaining strong adjusted EBITDA margins, which will support debt
to EBITDA below 4x.

Morgan Automotive Group is a small auto retailer, relative to most
of our publicly rated peers, with a competitive cost structure and
strong EBITDA margins. Despite its limited scale and narrow
geographical presence (only in Florida) relative to publicly rated
peers, Morgan Automotive has above-average profitability,
demonstrated by EBITDA margins well above 5%. The company owns the
real estate for 44 of the 45 dealerships it operates, thereby
reducing fixed costs and allowing the company to earn stronger
EBITDA margins than its peers'. Further demonstrating the company's
competitive cost structure, LCM's selling, general, and
administrative costs as a percentage of gross profit is the lowest
among that of all its rated peers. S&P expects the company will
continue to earn above-average EBITDA margins supported by its
flexible cost structure and modest revenue growth.

The company demonstrated margin and cash flow resiliency during the
2020 downturn. Morgan Automotive's revenues grew by more than 50%
in 2020, primarily driven through dealership acquisition, though
same-store sales grew by more than 20% as well. While margins
declined slightly in 2020 due to the lower-margin profile of
acquired dealerships, adjusted EBITDA margins remained above
average relative to peers'. Overall, the limited EBITDA contraction
and strong top-line growth within the context of last year
demonstrates the company's ability to grow throughout the cycle.

S&P said, "We anticipate good cash flow generation over the next
two years, with debt to EBITDA remaining under 4x. We expect Morgan
Automotive will sustain low- to mid-single-digit-percent revenue
growth, while maintaining strong EBITDA margins and cash flow
generation. We believe the company's operating cash flow is
sufficient to finance all its upcoming needs, including annual tax
distributions to owners, debt amortization, and ongoing working
capital uses and capital expenditures. While we expect the company
to continue to pursue its acquisitive growth strategy, we believe
LCM will sustain leverage below 4x through EBITDA growth and debt
reduction.

"The stable outlook reflects our expectation that Morgan Automotive
will continue to generate good cash flow while maintaining strong
adjusted EBITDA margins and debt-to-EBITDA will remain below 4x.

"We could lower our rating if debt-to-EBITDA were to increase above
4x. This could occur if we foresee a slower recovery in new and
used vehicle demand, potentially resulting from weaker consumer
confidence or macroeconomic conditions stemming from the effects of
the pandemic.

"Though unlikely over the next 12 months, for a higher rating, we
would expect debt-to-EBITDA to decline below 3x on a sustainable
basis. This could occur through EBITDA growth from an increase in
sales or by deploying excess cash flow to pay down debt."


LONGHORN JUNCTION: Unsecureds Will be Paid in Full in Plan
----------------------------------------------------------
Longhorn Junction Land and Cattle Company, LLC and SC Williams,
LLC, filed a Second Amended Joint Plan of Reorganization Dated
April 16, 2021.

Under the Plan, Longhorn Junction will continue with a sales
strategy to led by Hilco Real Estate, LLC ("Hilco"), a national
commercial real estate firm with significant experience in
bankruptcy. Hilco is a diversified real estate consulting and
advisory firm that assists businesses in real estate acquisition,
disposition, and commercial lease restructuring of all types of
real estate, both nationally and internationally. The efforts
undertaken by the Debtors and Hilco to sell the property is
described in detail in the Amended Joint Disclosure Statement.

Currently, the Debtors have two tracts of land under contract for
over $26,000,000, not including the sale of tract #3 which the
Court did not approve on February 26, 2021. Hilco has and will
continue to widely market the property and solicit potential
buyers. The Property will be sold in tracts over a period lasting
up to twenty-four months. Romspen will retain its liens secured by
all of the Real Property of both Debtors, will be paid over $20
million by the end of the calendar year and pay off the remaining
debt by February 28, 2022, consistent with the Confirmed Plan.
Romspen's Allowed Secured Claim will bear interest at the
pre-default contract rate of 11% and will receive release prices on
each tract calculated by dividing the amount of the outstanding
indebtedness to Romspen by the square footage of the tracts to be
sold plus a premium so that Romspen's loan to equity ratio will
improve with each sale. This will increase the likelihood that
Debtors can refinance Romspen's indebtedness prior to the
conclusion of the sale process. Debtors also reserve the right
refinance if the opportunity arises.

Tax liens, including any rollback taxes,1 will be paid out of the
proceeds of sale from each parcel of land or, as in the case of the
sale of Tract #6, an obligation of the buyer.

After the indebtedness to Romspen is paid in full, priority and
unsecured creditors will be paid, with interest, out of the
proceeds of sales of the remaining Property. In any event, all
unsecured creditors will be paid in full, with interest within two
years of the Effective Date of the Plan.

Debtors have entered into three contracts which exceed $28 million.
The sale of Tract #3 (5 acres) for $1,580,000 to Mr. Badapura was
denied by the Court which cited Romspen's objection to the sale.
Longhorn may be able to address Romspen's concerns and has not yet
cancelled the contract which would pay Romspen approximately
$988,624. Additionally, Longhorn has contracted to sell Tract #5
(70.6 acres) to Provident Realty Advisors for $16,145,514 and to
sell Tract #6 (43.4092 acres) to Molto Properties, LLC for
$10,495,887. Longhorn and Hilco continue to field calls and
interest from other interested parties.

The other contracted sales, to Provident Realty Advisors and Molto
Properties, LLC are scheduled to close in August and July 2021,
respectively, subject to other provisions of the contracts.

Attorneys for Longhorn Junction Land and Cattle Company, LLC and SC
Williams, LLC:

     Todd Headden
     HAYWARD PLLC
     State Bar No. 24096285
     901 Mopac Expressway South
     Building 1, Suite 300
     Austin, Texas 78746
     Tel/Fax: 737.881.7100
     E-mail: theadden@haywardfirm.com

A copy of the Second Amended Joint Plan of Reorganization is
available at https://bit.ly/3eh2u9y from PacerMonitor.com.

                         About Longhorn Junction

SC Williams, LLC owns approximately 4.2 acres of land at 5331
Williams Drive at the entrance to the Sun City senior living
development in the City of Georgetown, Williamson County,  Texas.
Longhorn Junction Land and Cattle Company, LLC owns approximately
204.6 acres on the southeast intersection of SE Inner Loop and
Interstate 35 (with additional acreage along Blue Springs Blvd and
FM 1460) in City of Georgetown Williamson County, Texas.

Longhorn Junction and SC Williams previously sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Lead Case
No. 19-10883) on July 2, 2019.  The Court on March 19, 2020,
confirmed the Debtors' Plan.  The Debtors' Confirmed Plan came
during the initial days of the COVID-19 pandemic.  The Debtors did
not make the second quarterly payment due to secured creditor
Romspen Mortgage Limited Partnership on Nov. 30, 2020, and
defaulted on the payment terms of the Confirmed Plan.

Longhorn Junction and SC Williams again sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Lead Case No.
21-10003) on Jan. 4, 2021.   At the time of the filing, Longhorn
Junction disclosed assets of between $10 million and $50 million
and liabilities of the same range.  SC Williams had estimated
assets of between $1 million and $10 million and liabilities of
between $10 million and $50 million.  Judge Tony M. Davis oversees
the cases.

In the recent cases, the Debtors tapped Hayward PLLC and Hilco Real
Estate Auctions, LLC as their legal counsel and real estate
advisor, respectively.


LOOP MEDIA: Incurs $15.4 Million Net Loss in 2020
-------------------------------------------------
Loop Media, Inc. filed with the Securities and Exchange Commission
its Annual Report on Form 10-K disclosing a net loss of $15.42
million on $2.79 million of revenue for the year ended Dec. 31,
2020, compared to a net loss of $11.51 million on $3.38 million of
revenue for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $9.63 million in total assets,
$5.96 million in total liabilities, and $3.67 million in total
stockholders' equity.

Houston, Texas-based Marcum LLP, the Company's auditor since 2020,
issued a "going concern" qualification in its report dated April
15, 2021, citing that the Company has a working capital deficiency,
has incurred 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.

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

https://www.sec.gov/Archives/edgar/data/1643988/000138713121004517/lptv-10k_123120.htm

                         About Loop Media

Glendale, CA-based Loop Media, Inc. focuses on fully integrated
360-degree engagement of music videos and other premium short-form
content by consumers and businesses.  Loop improves the entire
viewing experience for premium short-form content by focusing on
venues and consumers in the evolving frontier of digital
out-of-home, streamlining the public-to-private viewing experience.
Loop's growing library of over 500,000 short-form videos,
including: music videos, film, game and TV trailers, viral videos,
sports clips and atmospherics and travel videos can be viewed in
many popular hospitality, dining, and retail venues; on leading
branded media and entertainment sites; and on over-the-top TV
platforms and CTV devices.


LUX AMBER: Incurs $315K Net Loss for Quarter Ended Jan. 31
----------------------------------------------------------
Lux Amber, Corp. filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q disclosing a net loss of $314,948
on $130,183 of revenue for the three months ended Jan. 31, 2021,
compared to a net loss of $2.18 million on $119,451 of revenue for
the three months ended Jan. 31, 2020.

For the nine months ended Jan. 31, 2021, the Company reported a net
loss of $1.51 million on $816,598 of revenue compared to a net loss
of $3.09 million on $845,047 of revenue for the nine months ended
Jan. 31, 2020.

As of Jan. 31, 2021, the Company had $3.43 million in total assets,
$2.12 million in total liabilities, and $1.31 million in total
equity.

Lux Amber said, "Continued impacts of the pandemic have had a
material adverse impact on our revenues, earnings, liquidity and
cash flows, and may require additional actions in response,
including, but not limited to, employee layoffs, reduced
production, or further expense reductions, all in an effort to
mitigate such impacts.  The extent of the impact of the pandemic on
our business and financial results will depend largely on future
developments, including the duration of the spread of the outbreak
within the U.S., and the related/impact on consumer confidence and
spending, all of which are highly uncertain and cannot be
predicted.  This situation is rapidly changing and additional
impacts to the business may arise that we are not aware of
currently.  While the disruption is currently expected to be
temporary, there is uncertainty around the duration.  The ultimate
impact of the pandemic on the Company's results of operations,
financial position, liquidity or capital resources cannot be
reasonably estimated at this time."

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

https://www.sec.gov/Archives/edgar/data/1740695/000168316821001029/luxamber_10q-013121.htm

                         About Lux Amber

Frisco, Texas-based Lux Amber, Corp is an international specialty
chemical company with many products that are friendly to the
environment.

The Company reported a net loss of $1.48 million for the four
months ended April 30, 2020.  The Company reported a net loss of
$3.59 million for the year ended Dec. 31, 2019, following a net
loss of $3.10 million for the year ended Dec. 31, 2018.

Dallas, Texas-based Whitley Penn LLP, the Company's auditor since
2020, issued a "going concern" qualification in its report dated
Aug. 14, 2020, citing that the Company has suffered recurring
losses from operations and has a net capital deficiency that raises
substantial doubt about its ability to continue as a going concern.


MATRIX INTERNATIONAL: Seeks to Hire Raymond H. Aver as Counsel
--------------------------------------------------------------
Matrix International Textile, Inc. seeks approval from the U.S.
Bankruptcy Court for the Central District of California to hire the
Law Offices of Raymond H. Aver, a Professional Corporation, as its
legal counsel.

The firm will render these legal services:

     (a) represent the Debtor at its initial interview;

     (b) represent the Debtor at the meeting of creditors pursuant
to Bankruptcy Code Section 341(a);

     (c) represent the Debtor at all hearings before the bankruptcy
court;

     (d) prepare legal papers;

     (e) advise the Debtor regarding matters of bankruptcy law;

     (f) represent the Debtor with regard to all contested
matters;

     (g) represent the Debtor in the preparation of a disclosure
statement and the negotiation, preparation, and implementation of a
plan of reorganization;

     (h) analyze claims that have been filed in the Debtor's
Chapter 11 case;

     (i) negotiate with the Debtor's secured and unsecured
creditors regarding the amount and payment of their claims;

     (j) object to claims as may be appropriate; and

     (k) perform all other legal services.

The firm's hourly rates are as follows:

     Raymond H. Aver, Shareholder   $545
     Ani Minasyan, Paraprofessional $175

In addition, the firm will seek reimbursement for expenses
incurred.

Raymond Aver, Esq., disclosed in court filings that his firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Raymond H. Aver, Esq.
     Law Offices of Raymond H. Aver
     A Professional Corporation
     10801 National Boulevard, Suite 100
     Los Angeles, CA 90064
     Telephone: (310) 571-3511
     Email: ray@averlaw.com

                About Matrix International Textile

Matrix International Textile, Inc. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 21-11893) on
March 10, 2021.  In the petition signed by Kourosh Neman,
president, the Debtor disclosed up to $10 million in assets and up
to $50 million in liabilities.  Judge Deborah J. Saltzman oversees
the case.  Raymond H. Aver, Esq., at the Law Offices of Raymond H.
Aver, A Professional Corporation, is the Debtor's legal counsel.


MEDICAL DEPOT: S&P Downgrades ICR to 'SD' on Distressed Exchange
----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Port
Washington, N.Y.-based durable medical device manufacturer Medical
Depot Holdings Inc. to 'SD' (selective default) from 'CCC+'. S&P
also lowered the issue-level ratings on the first-lien debt to 'D'
from 'CCC' and on the 1.5-lien debt to 'D' from 'CCC-'. S&P's
'CCC-' rating on the company's second-lien debt is unaffected.

The downgrade follows the disclosure that Medical Depot completed a
debt exchange in which it amended the terms on its first-lien term
loan and converted its 1.5-lien loan into preferred shares. The
amendment suspends the amortization on the first-lien debt through
2021; extends its maturity to June 1, 2025, from Jan. 3, 2023; and
amends the 1.5-lien convertible PIK loan to remove the EBITDA
threshold required for converting to preferred shares. Also, the
1.5-lien debt is converted into classes A and B preferred shares,
both maturing in six years.

S&P said, "We view this transaction as distressed, given our view
of the company's weak credit profile, the delay in cash payments to
first-lien lenders resulting from the maturity extension and
amortization suspension, and our view that 1.5-lien lenders will
receive less than the original promise since the conversion terms
were not met. While first-lien lenders may receive incremental PIK
interest of 2%, we do not believe it is adequate offsetting
compensation because the true value of the PIK interest could be
much less in the event of a default.

"Medical Depot also has about $4 million of second-lien debt
outstanding that was not amended and remains in the capital
structure. We expect the company will continue to honor this
obligation, thus lowered the issuer credit rating to 'SD' rather
than 'D'. We expect the transaction will provide Medical Depot with
some liquidity support in delayed cash payments to lenders while it
continues to execute on improving its business. Over the coming
days, we will reassess our ratings on Medical Depot and its debt to
reflect the revised capital structure and liquidity position."



MERION INC: Incurs $1.8 Million Net Loss in 2020
------------------------------------------------
Merion, Inc. filed with the Securities and Exchange Commission its
Annual Report on Form 10-K disclosing a net loss of $1.82 million
on $439,033 of total sales for the year ended Dec. 31, 2020,
compared to a net loss of $722,404 on $1.81 million of total sales
for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $1.38 million in total assets,
$1.55 million in total liabilities, and a total shareholders'
deficit of $168,767.

Flushing, New York-based Wei, Wei & Co., LLP, the Company's auditor
since 2017, issued a "going concern" qualification in its report
dated March 30, 2021, citing that the Company has incurred
significant losses, has negative working capital and lacks
significant revenues.  The ability of the Company to continue as a
going concern is dependent on raising capital and ultimately to
attain profitable operations.  Accordingly, the Company has
determined that these factors raise substantial doubt as to the
Company's ability to continue as a going concern for a period of
one year from the issuance of these financial statements.

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

https://www.sec.gov/Archives/edgar/data/1517498/000147793221001788/ewlu_10k.htm

                           About Merion

Merion, Inc. is a provider of health and nutritional supplements
and personal care products based in West Covina, California.
Currently, the Company is mainly selling its products over the
Internet directly to end-user customers through its websites,
www.dailynu.com and www.merionus.com, and to wholesale distributors
through phone and electronic communication.


METRONOMIC HOLDINGS: Sets Bidding Procedures for Miami Property
---------------------------------------------------------------
Metronomic Holdings, LLC, asks the U.S. Bankruptcy Court for the
Southern District of Florida to authorize the bidding procedures in
connection with the sale of real property located at 3200 Thomas
Ave., in Miami, Florida, to Cube Group, LLC, for $356,000, subject
to overbid.

Since the Court entered, on Jan. 21, 2021, the Order Granting in
Part and Denying in Part Katalox Investments, LLC's Emergency
Motion for Order Confirming No Stay is in Effect With Respect to
Non-Debtor Affiliate Real Properties Secured by Katalox
Investments, LLC, the Debtor and Katalox Investments, LLC have been
working productively to find consensus on a path forward with
respect to the Asset, which is in the best interests of the
Debtor's estate and Katalox.

To that end, the Debtor capitalized on its multi-month marketing of
real properties secured by Katalox and executed a stalking horse
asset purchase agreement with Cube, a Florida limited liability
company, in the amount of $356,000 for the acquisition of the
Thomas Property, which both the Debtor and Katalox agree is fair
and value-maximizing to serve as the baseline bid for an auction of
that Asset.

The proposed timeline for the Auction is compressed because, among
other reasons, (a) the Asset has been widely marketed by Hilco Real
Estate, LLC over the course of the past several months, and (b) the
equity value in the Asset is suffering from the ongoing accrual of
default interest at 25% pursuant to Katalox's lien on the Asset.

On Jan. 19, 2021, the Court, after notice and hearing, entered the
Order Granting Debtor's Expedited Motion For: Substantive
Consolidation with Non-Debtor Subsidiaries Holdings Title to Fuse
Funding Fund I, LLC Properties; (B) Request to Shorten Notice
Requirements Pursuant to Bankruptcy Rule 2002(a)(2), (3); and (C)
Related Relief as To Non-Fuse Entities, granting the relief
requested in the Substantive Consolidation Motion.

Consistent with the terms of the Substantive Consolidation Order,
on April 13, 2021, Katalox, LLC ("Katalox") and the Debtor
submitted Katalox LLC's Joinder In Metronomic Holdings LLC's Agreed
Motion For: (A) Substantive Consolidation With Grove Palms, LLC;
(B) Request To Shorten Notice Requirements Pursuant To Bankruptcy
Rule 2002(A) (2), (3); and (C) Related Relief As To Non-Fuse
Entities, reflecting Katalox's consent to the substantive
consolidation of Grove Palms, LLC with the Debtor's estate.   

By the Motion, the Debtor seeks entry of the Bid Procedures Order:


      (a) authorizing and approving the Bid Procedures in
connection with the sale of certain property of Grove Palms located
at 3200 Thomas Ave., Miami, Florida, 33133;

      (b) scheduling an auction and sale hearing with respect to
the Sale of the Asset;

      (c) approving the form and manner of notice of the Auction
and the Sale Hearing;

      (d) approving the form and manner of notice of the Successful
Bidder and Backup Bidder with respect to the Auction;

      (e) authorizing the Debtor to enter into that certain Asset
Purchase Agreement with Cube Group, LLC, dated March 22, 2021
(including all schedules and exhibits attached thereto, as it may
be amended from time to time in accordance with its terms),
pursuant to which the Stalking Horse Bidder seeks to purchase the
Asset from the Debtor pursuant to the consideration as set forth
therein;

      (f) approving certain bid protections as set forth in the
Stalking Horse Agreement, consisting of: (i) a break-up fee of the
lesser of actual costs or 1% of the proposed purchase price of $1
million; and 2% of the proposed purchase price below $1 million;
and (iii) an initial overbid of $8,000; and

      (g) granting related relief.

Second, the Debtor may seek entry of the Sale Order at the
conclusion of the Sale Hearing:

      (a) if an Auction is conducted, authorizing and approving the
sale of the Asset to the Qualified Bidder that the Debtor
determines has made the highest and best Qualified Bid for the
Asset or, if the Successful Bidder fails to consummate the Sale, to
the Qualified Bidder with the next-highest or second-best Qualified
Bid at the Auction for the Asset, free and clear of all liens,
claims, encumbrances, and other interests other than Permitted
Liens and Assumed Liabilities;

      (b) if an Auction is not conducted, authorizing and approving
the Sale of the Asset to the Stalking Horse Bidder free and clear
of liens, claims, encumbrances, and other interests other than
Permitted Liens and Assumed Liabilities; and

      (c) granting any related relief.

The Debtor reserves the right to file and serve any supplemental
pleading or declaration that the Debtor deems appropriate or
necessary in its reasonable business judgment, including any
pleading summarizing the competitive bidding and sale process and
the results thereof, in support of their request for entry of the
Sale Order before the Sale Hearing, subject to the terms of the
Stalking Horse Agreement.

The material terms of the Stalking Horse Agreement and other key
provisions governing the Sale are:

      a. The identity of the Stalking Horse Bidder is Cube Group,
LLC, a Florida limited liability company.

      b. The legal description of the real property is as follows:
Lot 44, De Hedouvilles Subdivision, according to the plat thereof
as recorded in Plat Book B, Page 150, Public Records of Miami-Dade
County, Florida.

      c. The known potential lienholders and interest holders, the
nature and extent of such liens or interests, and whether such
liens or interests are disputed are as follows:

            i. Katalox holds a first-position blanket lien on the
Asset in the amount of $2,974,033.65, arising out of that certain
Promissory Note, executed by Grove Palms on Dec. 20, 2019, and that
certain Mortgage, executed on Dec. 20, 2019 and properly recorded
on Jan. 9, 2020, securing Grove Palms' obligations under the
aforementioned Promissory Note.  Katalox's lien is not disputed.
Notably, Katalox agreed to accept $325,000 from the proceeds of the
Sale in exchange for a release of a portion of its lien solely as
to the Thomas Property, for the benefit of parties in interest,
contingent on the Closing occurring consistent with the terms
therein.

            ii. Outstanding 2020 real property taxes in favor of
the Miami-Dade County Tax Collector total $5,793.82, if satisfied
prior to May 28, 2021.  Real property taxes for 2021 owed to date
are estimated to be approximately $2,335.69.  The property taxes
are not disputed. iii. Burgos Lanza & Associates is a recorded lien
holder, pursuant to that certain Amended Claim of Lien, originally
recorded in Official Records Book 31928 Page 4236 on May 12, 2020.
The Burgos Lanza Lien is stated in the amount of $42,000.  Burgos
Lanza has consented to a reduced pay off amount of $10,000 in
connection with the Motion.  

      d. The Purchase Price (as such term is defined in the
Stalking Horse Agreement) will be $356,000.

      e. The Debtor and Hilco have agreed that in the event the
Asset is sold to a party other than Katalox via credit bid, Hilco
will earn a fee equal to 3% of the gross sale proceeds.  The
commission disclosed herein was agreed between the Debtor and Hilco
to be the maximum commission with respect to the Sale.

      f. Unless otherwise agreed to by the Seller and Buyer in
writing, the closings of transaction contemplated by the Agreement
will take as soon as possible after the entry of the Sale Order,
but in no event later than seven days after the Sale Hearing.
Agentis, PLLC will be the agent at the Closing.  In the event that
the Closing does not occur on May 10, 2021, the Debtor will abandon
the Asset to Katalox and may do so without further order by the
Court, unless such deadline is extended in writing by Katalox and
the Debtor.

      g. In the event Buyer is not in default of the Stalking Horse
Agreement, has not terminated the Stalking Horse Agreement pursuant
to the terms thereof and is ready, willing, and able to close on
the purchase of the Asset, and should Seller accept a higher or
better offer to sell the Asset to another Buyer, which sale is
approved by the Bankruptcy Court in the Bankruptcy Case, and such
transaction closes, then Seller agrees that Buyer will be entitled
to receive a break-up fee to reimburse Buyer for the value of its
time, costs, and expenses incurred in connection with this
transaction, including Buyer's agreement to serve and participate
as the "stalking horse" bidder under the Sale Procedures Order.
The Break-Up Fee will be calculated as the lesser of actual costs
or 1% of the proposed purchase price of $1 million; and 2% of the
proposed purchase price below $1 million.  The Break-Up Fee will be
deducted from the net closing proceeds due to the Debtor, will be
secured by a Lien on the deposit of the Alternative Buyer or the
closing proceeds in the event the transaction with the Alternative
Buyer closes, and will be paid solely and exclusively from such
forfeited deposit or closing proceeds.  Any sums becoming payable
to Buyer will be paid promptly after the closing with any such
Alternative Buyer approved in the Bankruptcy Case or, if
applicable, promptly after the deposit on such transaction is
forfeited.  

      h. The Debtor does not have a policy of prohibiting the
transfer of personally identifiable information, no consumer
privacy ombudsman is required under section 332 of the Bankruptcy
Code in connection therewith, and the Sale contemplated in the
Stalking Horse Agreement and Bid Procedures would not pose any
threat to any personally identifiable information or consumer
privacy concerns.

The Debtor respectfully requests that the Court approves the
following general timeline, with the assumption that it will enter
an order granting the Motion on shortened notice:

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: April 28, 2021, at 5:00 p.m. (ET)

     b. Initial Bid: Each Bid or combination of Bids (a) must
propose a purchase price equal to or greater than the sum of (i)
the value of the Stalking Horse Agreement, as determined by the
Debtor i; and (ii) an initial overbid of at least $8,000, and (b)
must obligate the Bidder(s) to pay, to the extent provided in the
Agreement, all amounts which the Stalking Horse Bidder under the
Agreement has agreed to pay, including (if any) assumed
liabilities.  

     c. Deposit: 10% of the aggregate value of the cash
consideration of the Bid

     d. Auction: The Auction, if necessary, will be held virtually
on April 29, 2021 at 10:00 a.m. (ET), or such other location as
identified by the Debtor after notice to all Qualified Bidders.

     e. Bid Increments: $1,000

     f. Sale Hearing: May 3, 2021

     g. Sale Objection Deadline: April 28, 2021 at 5:00 p.m. (ET)

     h. Closing: In the event that the Closing does not occur on
May 10, 2021, the Debtor will abandon the Asset to Katalox, and
may do so without further order by the Court unless such deadline
is extended in writing by Katalox and the Debtor.

A secured creditor is allowed to "credit bid" the amount of its
claims in a sale of Asset in which it has a security interest.

Within two business days after entry of the Bid Procedures Order,
the Debtor will cause the Sale Notice to be served on the Notice
Parties.

To maximize the value received from the Asset, the Debtor seeks to
close the Sale as soon as possible after the Sale Hearing.
Accordingly, it requests that the Court waives the 14-day stay
periods under Bankruptcy Rules 6004(h) and 6006(d).

A copy of the Agreement and the Bidding Procedures is available at
https://tinyurl.com/cjn48ney from PacerMonitor.com free of charge.

                          About Metronomic Holdings

Metronomic Holdings, LLC is a real estate company that owns and
manages a portfolio of real estate assets in Miami-Dade County,
Fla., and McHenry County, Ill.  

Metronomic Holdings filed a Chapter 11 petition (Bankr. S.D. Fla.
Case No. 20-20310) on September 23, 2020.  At the time of the
filing, the Debtor disclosed assets of between $50 million and
$100
million and liabilities of the same range.
  
Judge Laurel M. Isicoff oversees the case. The Debtor hired Aleida
Martinez Molina as its legal counsel. On March 3, 2021, the Debtor
employed Pack Law, P.A. to serve as co-counsel with Weiss Serota
Helfman Cole & Bierman, P.L., the firm handling its Chapter 11
case.



MIDCAP FINANCIAL: S&P Assigns 'BB-' ICR, Outlook Stable
-------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issuer credit rating to
MidCap Financial Issuer Trust. The outlook is stable. S&P also
assigned its 'B+' debt rating to the company's proposed issuance of
$825 million of senior unsecured notes due 2028.

S&P said, "At the same time, we assigned our 'BB-' issuer credit
rating to MidCap Financial Holdings Trust. The outlook is stable.
We also assigned our 'B' debt rating to the company's subordinated
term loans due 2026.

"Our 'BB-' issuer credit ratings on MidCap FIT and MidCap Financial
Holdings Trust balance the risks associated with middle-market
leveraged lending and encumbered balance sheets with the group's
highly experienced management team, strong underwriting record, and
broad and diverse sources of funding. MidCap FIT is a newly formed
intermediate holding company of MidCap and owns MidCap Financial
Holdings Trust, which in turn owns the group's U.S. business. We
view Midcap Financial Holdings Trust as a core subsidiary of
MidCap. MidCap, through its U.S. subsidiaries, primarily originates
senior secured loans to middle-market companies in the U.S. and is
managed by Apollo Capital Management L.P. The U.S. business
accounts for about 95% of MidCap's overall business; the remainder
is mostly in Europe.

"Our 'B+' senior unsecured debt rating on MidCap FIT is one notch
below the issuer credit rating, reflecting significant amounts of
priority senior secured debt. Our 'B' subordinated debt rating on
MidCap Financial Holdings Trust is two notches below the issuer
credit rating, reflecting the debt's subordinated position."

MidCap's greatest strengths are the experience of its management
team and its niche lending positions, which have allowed for
relatively high yields on assets that have demonstrated low losses.
MidCap was founded in 2008, and its management had several ventures
in health care lending prior to establishing the company. Apollo
has formed an alliance with MidCap to serve as its direct
origination platform, which also allows for MidCap to bid on larger
loan sizes. Apollo's affiliated insurance business, Athene, is the
largest investor in MidCap (with approximately 24.99% ownership),
and Apollo Capital Management L.P., a subsidiary of Apollo Global
Management Inc., serves as its investment adviser. Our starting
point, or anchor, for nonbank finance companies operating in the
U.S. currently is 'bb+'.

While focused on middle-market lending, MidCap's loan portfolio is
well diversified by segment and borrower. As of Dec. 31, 2020, the
company's $8.2 billion loan portfolio consisted of 501 borrowers
and was 99.2% first-lien loans. The portfolio segments are
leveraged lending (58% of loans), asset-based lending (13%), lender
finance (10%), commercial real estate lending (8%), life sciences
and technology lending (7%), and franchise finance (4%).

S&P said, "We view MidCap's leverage as neutral to the ratings.
MidCap's debt to adjusted total equity (ATE) was about 3.6x as of
Dec. 31, 2020, and we expect the company to operate at 3.6x-4.1x
over the next 12 months. We include the company's
profit-participating notes in ATE because we view the notes as akin
to common equity." The notes were issued to MidCap's parent holding
company for tax efficiency and are subordinate to all other claims,
with distributions tied to profits and subject to board approval
and a maturity of 99 years from issuance (with 94 years
remaining).

MidCap had adjusted net income (which excludes profit-participating
note expense) of about $181 million in 2020, down from $283 million
in 2019 due to higher provisions for loan losses and reduced
origination volumes in the wake of the COVID-19 pandemic. S&P
expects somewhat higher earnings in 2021 than in 2020, in line with
expected growth in loan balances and reduced provisions for loan
losses.

S&P thinks MidCap has a strong underwriting record. As with most
nonbank lenders, we believe MidCap's loan portfolio carries
somewhat higher risk than that of a typical bank, as evidenced by
all-in yields generally at 6%-9%, depending on loan type.
Nevertheless, MidCap has realized just 36 basis points of
cumulative net losses on cumulative funded assets of $31.9 billion
since inception in September 2008. The company had a focus on
health care finance prior to 2015, and it experienced credit losses
near cyclical lows while it expanded beyond health care. Still,
provisions for loan losses were less than 1.0% of loans in
2020--evidence of the company's continued sound underwriting.

MidCap has well-diversified and stable funding, in S&P's view,
although secured debt has priority claims on assets. The company
utilizes long-dated funding that exceeds the average life of
underwritten loans and is proactive in extending facility
maturities, as reflected in our stable funding ratio of 96%-98%
typically. Funding sources typically are secured and were 52%
securitizations, 35% bank facilities, and 13% subordinated debt as
of Dec. 31, 2020.

S&P said, "The stable outlook reflects our expectation that MidCap,
over the next 12 months, will operate with debt to ATE at
3.6x-4.1x. We expect the company will maintain its strong
underwriting record, including in lending segments outside of
health care. Further, we expect MidCap will maintain access to
funding through a broad array of lenders and credit facilities, as
well as maintain adequate liquidity."


MINAL PHARMACY: Seeks Cash Collateral Access
--------------------------------------------
Minal Pharmacy, LLC asks the U.S. Bankruptcy Court for the Eastern
District of Michigan, Southern Division-Detroit, for authority to
use cash collateral or to obtain postpetition financing.

The Debtor requires the use of Cash Collateral to make payments as
are necessary for the continuation of its business until the court
holds a final hearing on the use of Cash Collateral.

The majority of the Debtor's value arises from its ongoing
operations and ability to continue to provide pharmaceutical
services and products to customers. Without authority to use cash
collateral, the Debtor will suffer irreparable harm because it will
be forced to immediately shut down.

During the first three months of the case, the Debtor projects that
it will need to spend $714,442.96 to avoid immediate and
irreparable harm.

The Debtor requests authority to spend these amounts in accordance
with the proposed budget, with a 10% variance for each line item
and in total.

On the Petition Date, the Debtor believes that the cash collateral
consists of:

     a. Accounts receivable valued at approximately $90,000.

     b. Available funds held in bank accounts valued at
approximately $43,000

     c. Cash on hand valued at approximately $200

Before the Petition Date, The Harvard Drug Group, LLC, McKesson
Corporation, and Letco Medical, LLC filed UCC-1 financing
statements against certain of the Debtor's assets, including its
cash collateral. The Debtor contends it is not obligated to either
The Harvard Drug Group or Letco Medical.  The Debtor anticipates
that McKesson may assert a security interest in the Debtor's Cash
Collateral. The Debtor further anticipates that McKesson may assert
that its security interest and liens have first priority over all
other security interests and liens asserted against the Debtor.

As adequate protection under section 363 and 361 of the Bankruptcy
Code for any security interests that the Creditors may assert, the
Debtor offers replacement liens in its personal property, now owned
or hereafter acquired and the proceeds and products thereof to the
same extent that such liens existed prior to the Petition Date.

The Debtor proposes that the Creditors be granted the Replacement
Liens as adequate protection to the extent of any diminution in
value of the prepetition Cash Collateral. The Replacement Liens
will be liens on the Debtor's  assets which are created, acquired,
or arise after the Petition Date, but limited to only those types
and descriptions of collateral in which the Creditors held a
prepetition lien or security interest. The Replacement Liens will
have the same  priority and validity as the Creditorsā€™ respective
pre-petition security interests and liens.

The Debtor requests the Court to allow it to escrow, on a monthly
basis, the total of $5,000 into the client trust account of
Stevenson and Bullock, P.L.C. to pay the firm's professional fees
in connection with the bankruptcy proceeding to the extent the fees
are allowed by the Court. In addition, the Debtor is permitted to
escrow fees with any special counsel retained by the Debtor
pursuant to order of the Court and the total of $750 per month with
the Subchapter V Trustee for its fees.

A copy of the Motion is available for free at
https://bit.ly/3aszXwi from PacerMonitor.com.

                  About Minal Pharmacy, LLC

Organized in 2008, Minal Pharmacy, LLC is an independent,
community-based pharmacy located in Hamtramck, Michigan. Minal
Pharmacy takes great pride in its ability to service the Hamtramck
community and its patients, many of whom receive government
assistance.  

Minal Pharmacy sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 21-43364) on April 16,
2021. In the petition signed by Syed Saeed, Responsible Person, the
Debtor disclosed up to $50,000 in assets and up to $1 million in
liabilities.

Elliot G. Crowder at STEVENSON & BULLOCK, P.L.C. is the Debtor's
counsel.



MIND TECHNOLOGY: Incurs $20.3-Mil. Net Loss for FY Ended Jan. 31
----------------------------------------------------------------
Mind Technology, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$20.31 million on $21.21 million of total revenues for the year
ended Jan. 31, 2021, compared to a net loss of $11.29 million on
$29.92 million of total revenues for the year ended Jan. 31, 2020.

As of Jan. 31, 2021, the Company had $39.76 million in total
assets, $9.35 million in total liabiliities, and $30.42 million in
total stockholders' equity.

Houston, Texas-based Moss Adams LLP, the Company's auditor since
2017, issued a "going concern" qualification in its report dated
April 16, 2021, citing that "The Company has a history of losses
and has had negative cash flows from operating activities in the
last two years.  The Company may not have access to sources of
capital that were available in prior periods.  In addition, the
COVID-19 pandemic and the decline in oil prices during fiscal 2021
caused a disruption to the Company's business and delays in some
orders. Currently management's forecasts and related assumptions
support their assertion that they have the ability to meet their
obligations as they become due through the management of
expenditures and, if necessary, accessing additional funding from
the at-the-market program or other equity financing.  Should there
be constraints on the ability to access capital under the
at-the-market program or other equity financing, the Company has
asserted that it can manage cash outflows to meet the obligations
through reductions in capital expenditures and other operating
expenditures."

                          Fourth Quarter Results

Revenues from Marine Technology Products sales for the fourth
quarter of fiscal 2021 were $6.4 million compared to $6.5 million
in the third quarter of fiscal 2021 and $8.9 million in the fourth
quarter of fiscal 2020.

The Company reported a net loss from continuing operations for the
fourth quarter of fiscal 2021 of $3.3 million compared to a net
loss of $2.4 million in the third quarter of fiscal 2021 and a net
loss of $1.5 million in the fourth quarter of fiscal 2020.  Fourth
quarter of fiscal 2021 net loss from continuing operations
attributable to common stockholders was a $(0.29) per share,
compared to a net loss per share from continuing operations of
$(0.24) in the third quarter of fiscal 2021 and a net loss per
share of $(0.17) in the fourth quarter of fiscal 2020.

Adjusted EBITDA from continuing operations for the fourth quarter
of fiscal 2021 was a loss of approximately $1.8 million compared to
a loss of $1.5 million in the third quarter of fiscal 2021 and a
profit of $807,000 in the fourth quarter of fiscal 2020.  For the
full year, Adjusted EBITDA from continuing operations was a loss of
$7.3 million compared to a loss of $1.7 million in fiscal 2020.
Adjusted EBITDA from continuing operations, which is a non-GAAP
measure, is defined and reconciled to reported net loss from
continuing operations and cash provided by operating activities in
the accompanying financial tables.  These are the most directly
comparable financial measures calculated and presented in
accordance with United States generally accepted accounting
principles.  Backlog of Marine Technology Products as of Jan. 31,
2021 was approximately $14.2 million compared to $8.2 million at
Oct. 31, 2020 and $8.9 million at Jan. 31, 2020.

Rob Capps, MIND's co-chief executive officer, stated, "It is
suffice to say that we are glad to put this past year behind us.
Despite the challenges and business disruptions caused by the
COVID-19 pandemic, we accomplished a great deal in fiscal 2021 and
began to see an uptick in activity during the second half.  While
our fourth quarter results for fiscal 2021 came in roughly as
expected, the highlight was our record backlog, which increased 73%
sequentially over the third quarter.  In recent months, we have
continued to experience an increase in orders and inquiries for
marine exploration applications, particularly for our source
controllers, and we expect essentially all these orders to be
completed within fiscal 2022.  Thus, we expect revenues from
continuing operations in fiscal 2022 to exceed those of fiscal
2021.

"We are also seeing other indications of a recovery in fiscal 2022.
We recently expanded our long-standing relationship with PGS, a
leading integrated marine geophysical company.  Under this new
framework agreement, we expect to provide advanced source
controller technology over the coming years, adding to the GunLink
and SourceLink products currently deployed in the PGS fleet.  We
have also recently received orders for new seismic source
controllers or upgrades of systems that we previously sold and,
based on current discussion with existing and potential customers,
we believe demand for our source controllers will continue.

"We are also addressing the need for specific applications in our
primary marine and maritime security markets by introducing new
technologies and products.  As you may recall, we developed a
revolutionary sonar technology ('MA-X') in fiscal 2020 that has
afforded new opportunities.  We have focused much of our product
development activity on sensor systems specifically for the
rapidly-growing un-manned vehicle market and entered into an
agreement with a major European defense contractor for the joint
offering of synthetic aperture sonar ('SAS').  We also began the
development of passive sonar arrays based on our existing SeaLink
technology, which has anti-submarine warfare ('ASW') and maritime
security applications.

"As we pursue our initiatives to expand our product offerings and
market penetration, we are internally developing new technologies
to strengthen our existing portfolio and create new solutions to
address the global marine marketplace.  While some of these
projects have long lead times and unpredictable sales cycles, our
goal is to grow our total revenues to $140 million over the next
five years with an EBITDA margin of over 20%.  Key growth drivers
over the next five years include rising global demand for
autonomous vehicles, both surface and underwater, the need for
higher resolution sonar systems and build-up of ASW capabilities.

"We are proud of the progress we have achieved over the past year
in exiting the land leasing business and transitioning to a global
provider of innovative marine technology solutions.  Going forward,
we have confidence that the positive trend for order flow will
continue in fiscal 2022 and beyond.  We have taken the necessary
steps to control expenses in response to the impact of the COVID-19
pandemic while maintaining a healthy balance sheet with zero debt
as of today.  We plan to continue to execute our strategy to become
the leading provider of innovative marine technology and products,
and we believe that the Company is well-positioned to capture both
internal and non-organic growth opportunities as they develop,"
concluded Capps.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/926423/000092642321000011/mind-20210131.htm

                     About Mind Technology

Mind Technology, Inc. -- http://mind-technology.com-- provides
technology and solutions for exploration, survey and defense
applications in oceanographic, hydrographic, defense, seismic and
security industries.  Headquartered in The Woodlands, Texas, MIND
Technology has a global presence with key operating locations in
the United States, Singapore, Malaysia and the United Kingdom.  Its
Klein and Seamap units design, manufacture and sell specialized,
high performance sonar and seismic equipment.


MKS REAL ESTATE: Seeks to Hire Robert Lynn as Real Estate Broker
----------------------------------------------------------------
MKS Real Estate, LLC seeks approval from the U.S. Bankruptcy Court
for the Northern District of Texas to employ Jeffrey Jackson and
Robert Lynn Company as its real estate broker.

The broker will market and sell the property located at 9100 NW
Highway 287, Fort Worth, Texas.

The firm shall receive a commission of 3 percent of the gross sales
price payable upon the closing of the sale of the property.

The broker does not represent any interest adverse to the Debtor's
estate, according to court filings.

The firm can be reached through:

     Jeffrey Jackson
     Robert Lynn Company
     1200 Summit Avenue, Suite 800
     Fort Worth, TX, 76102
     Tel: (817) 885-8333
     Fax: (817) 872-3888

                      About MKS Real Estate

MKS Real Estate, LLC filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Texas Case No.
21-40424) on March 1, 2021.  Luis Leal, managing member, signed the
petition.  In the petition, the Debtor disclosed less than $50,000
in assets and $1 million to $10 million in liabilities.

Judge Edward L. Morris oversees the case.

Eric A. Liepins, Esq., at Eric A. Liepins, PC serves as the
Debtor's counsel.


MONROE SUBWAYS: May Use Cash Collateral on Final Basis
------------------------------------------------------
Judge Michael G. Williamson authorized Monroe Subways The Beach,
Inc., to use cash collateral on a final basis.

The Debtor may pay amounts expressly authorized by the Court,
including:

     * pre-petition and post-petition wages and related amounts to
non-insider employees, critical vendors and payments to the United
States Trustee for quarterly fees;

     * additional amounts as may be approved in writing by U.S.
Bank Equipment Finance a division of U.S. Bank, National
Association;

     * other current and necessary expenses specified in the
budget.  The budget provided for $11,825 in total expenses for the
week ending April 18, 2021.

The Court ruled that US Bank and each creditor with a security
interest in cash collateral shall have automatically perfected
post-petition lien against cash collateral to the same extent and
with the same validity and priority as the pre-petition lien.  A
copy of the final order and the budget is accessible for free at
https://bit.ly/3x2Cp6C from PacerMonitor.com.

                   About Monroe Subways The Beach

Monroe Subways The Beach, Inc. is a Florida corporation that
operates a subway franchise restaurant serving fresh subs,
sandwiches and salads.  Monroe Subways sought protection under
Chapter 11 of the U.S. Bankruptcy Court (Bankr. M.D. Fla. Case No.
21-01068) on March 5, 2021.  The petition was signed by Monroe
Subways President Ryan Monroe.  At the time of the filing, the
Debtor had estimated assets of less than $50,000 and liabilities of
between $100,001 and $500,000.   

Daniel Etlinger, Esq., at David Jennis, PA, represents the Debtor
as counsel.



MUSTANG MINING: Seeks to Hire Curtis Castillo as Bankruptcy Counsel
-------------------------------------------------------------------
Mustang Mining Company, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire Curtis Castillo,
PC as its bankruptcy counsel.

The firm will render these services:

     (a) advise and consult with the Debtor concerning legal
questions arising in administering, reorganizing or liquidating its
estate and the Debtor's rights and remedies in connections with
estate assets, accounts receivable, and creditors' claims;

     (b) assist in the investigation of the acts, conduct, assets,
and liabilities of the Debtor, and any other matters relevant to
the Debtor's Chapter 11 case;

     (c) investigate and potentially prosecute preference,
fraudulent transfer, stay violations, and other causes of action
arising under the Debtor's avoidance powers;

     (d) take all necessary legal action to preserve and protect
the Debtor's estate;

     (e) prepare legal documents;

     (f) assist the Debtor in the reorganization process; and

     (g) perform all other legal services.

The firm's hourly rates are as follows:

     Mark A. Castillo          $495 - $650
     Associates                $175 - $375
     Paralegal/Clerk           $95 - $150

Prior to its bankruptcy filing, the Debtor paid a retainer to
Curtis Castillo in the amount of $5,000.  The firm will also be
reimbursed for work-related expenses incurred.

Mark Castillo, Esq., a partner at Curtis Castillo, disclosed in a
court filing that his firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

Curtis Castillo can be reached at:

     Mark A. Castillo, Esq.
     Robert C. Rowe, Esq.
     Curtis Castillo PC
     901 Main Street, Suite 6515
     Dallas, TX 75202
     Tel: (214) 752-2222
     Fax: (214) 752-0709
     Email: mcastillo@curtislaw.net
            rrowe@curtislaw.net

                   About Mustang Mining Company

Mustang Mining Company, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Texas Case No. 21-30257) on Feb.
9, 2021, listing under $1 million in both assets and liabilities.
Stephanie D. Curtis, Esq., at Curtis Castillo PC, is the Debtor's
legal counsel.


NATIONAL RIFLE ASSOCIATION: Board Members Back Independent Examiner
-------------------------------------------------------------------
Maria Chutchian of Reuters reports that the board members of the
National Rifle Association testified to support the appointment of
an independent examiner.

Three current and former National Rifle Association board members
testified on Tuesday, April 20, 2021, in favor of the appointment
of an independent examiner to investigate the gun rights
organization's management, but said that efforts to dismiss its
Chapter 11 bankruptcy is a step too far.

The statements came during the seventh day of trial on motions from
New York Attorney General Letitia James and the NRA's former ad
agency, Ackerman McQueen, that aim to have the case thrown out.
They have argued that the bankruptcy was not filed for legitimate
purposes under bankruptcy law.

           About National Rifle Association of America

Founded in 1871 in New York, the National Rifle Association of
America is a gun rights advocacy group.  The NRA claims to be the
longest-standing civil rights organization and has more than five
million members.

Seeking to move its domicile and principal place of business to
Texas amid lawsuits in New York, National Rifle Association of
America sought Chapter 11 protection (Bankr. N.D. Texas Case No.
21-30085) on Jan. 15, 2021. Affiliate Sea Girt LLC simultaneously
sought Chapter 11 protection (Case No. 21-30080).

The NRA was estimated to have assets and liabilities of $100
million to $500 million as of the bankruptcy filing.

Judge Harlin Dewayne Hale oversees the cases.

The Debtors tapped Neligan LLP and Garman Turner Gordon LLP as
their bankruptcy counsel, and Brewer, Attorneys & Counselors as
their special counsel.

The U.S. Trustee for Region 6 appointed an official committee of
unsecured creditors on Feb. 4, 2021. Norton Rose Fulbright US, LLP
and AlixPartners, LLP serve as the committee's legal counsel and
financial advisor, respectively.


NEW YORK CLASSIC: Seeks to Hire Kirby Aisner as Legal Counsel
-------------------------------------------------------------
New York Classic Motors, LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire
Kirby Aisner & Curley, LLP as its legal counsel.

The firm will provide these services:

     a. advise the Debtor with respect to its power and duties and
the continued management of its property and affairs;

     b. negotiate with creditors of the Debtor, work out a plan of
reorganization and take the necessary legal steps to effectuate the
plan;

     c. prepare legal papers;

     d. appear before the court;

     e. attend meetings and negotiate with representatives of
creditors and other parties in interest;

      f. take any necessary action to obtain approval of a
disclosure statement and confirmation of a plan of reorganization;
and

     g. perform all other legal services necessary to administer
the Debtor's Chapter 11 case.

Kirby Aisner will be paid at these rates:

         Partners                 $425 to $525 per hour
         Associates               $295 per hour
         Paraprofessionals        $150 per hour

The firm will also be reimbursed for out-of-pocket expenses
incurred.

The firm received a pre-bankruptcy retainer in the amount of
$31,738.

Erica Aisner, Esq., a partner at Kirby Aisner, disclosed in court
filings that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

Kirby Aisner can be reached at:

     Erica R. Aisner, Esq.
     Kirby Aisner & Curley LLP
     700 Post Road, Suite 237
     Scarsdale, NY 10583
     Tel: (914) 401-9500
     Email: eaisner@kacllp.com

                      About New York Classic

New York Classic Motors, LLC, doing business as Classic Car Club
Manhattan, is a classic car dealer in New York.  

New York Classic Motors filed for Chapter 11 bankruptcy protection
(Bankr. S.D.N.Y. Case No. 21-10670) in Manhattan on April 9, 2021.
At the time of the filing, the Debtor had between $10 million and
$50 million in both assets and liabilities.  Judge Martin Glenn
oversees the case.  Kirby Aisner & Curley, LLP is the Debtor's
legal counsel.


NTN BUZZTIME: Incurs $4.4 Million Net Loss in 2020
--------------------------------------------------
NTN Buzztime, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$4.41 million on $5.80 million of total revenue from contracts with
customers for the year ended Dec. 31, 2020, compared to a net loss
of $2.05 million on $19.81 million of total revenue from contracts
with customers for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $3.74 million in total assets,
$2.89 million in total liabilities, and $851,000 in total
shareholders' equity.

San Diego, California-based Baker Tilly US, LLP, the Company's
auditor since 2013, issued a "going concern" qualification in its
report dated March 11, 2021, citing that the Company incurred a
significant net loss for the year ended Dec. 31, 2020 and as of
Dec. 31, 2020 had a negative working capital balance, and does not
expect to have sufficient cash or working capital resources to fund
operations for the twelve-month period subsequent to the issuance
date of these financial statements.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.

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

https://www.sec.gov/Archives/edgar/data/748592/000149315221005827/form10-k.htm

                          About NTN Buzztime

Based in Carlsbad, California, NTN Buzztime -- www.buzztime.com --
delivers interactive entertainment and innovative technology to its
partners in a wide range of verticals -- from bars and restaurants
to casinos and senior living centers.  By enhancing the overall
guest experience, the Company believes it helps its hospitality
partners acquire, engage, and retain patrons.


NUTRIBAND INC: Incurs $2.9 Million Net Loss in FY Ended Jan. 31
---------------------------------------------------------------
Nutriband Inc. filed with the Securities and Exchange Commission
its Annual Report on Form 10-K disclosing a net loss of $2.93
million on $943,702 of revenue for the year ended Jan. 31, 2021,
compared to a net loss of $2.72 million on $370,647 of revenue for
the year ended Jan. 31, 2020.

As of Jan. 31, 2021, the Company had $9.93 million in total assets,
$2.81 million in total liabilities, and $7.11 million in total
stockholders' equity.

As of Jan. 31, 2021, the Company had $151,993 in cash and cash
equivalents and a working capital deficiency of $2,254,418, as
compared with cash and cash equivalents of $10,181 and working
capital deficiency of $1,979,141 as of Jan. 31, 2020.  In March
2020, the Company repaid the convertible debt that the Company
received in October 2019.  The total payments, including a
prepayment fee of $69,131 and accrued interest, was $345,565.  In
May 2020, the Company completed a private placement and received
proceeds of $515,108.  The increase in the Company's working
capital deficiency is primarily due to the issuance of a $1,500,000
note due in August 2021 in connection with the Company's recent
acquisition.

For the year ended Jan. 31, 2021, the Company used cash of $297,065
in its operations.  The principal adjustments to its net loss of
$2,932,828 were amortization of debt discount of $272,130,
depreciation and amortization of $160,108, and loss on
extinguishment of debt and early prepayment fee on convertible
debentures of $81,631 offset by a gain on change in fair value of
derivative of $22,096 stock-based compensation expense of
$2,004,875.

For the year ended Jan. 31, 2021, the Company had cash flows of
$371,873 from financing activities, primarily $515,108 from gross
proceeds from the sale of Units consisting of shares of common
stock and warrants to purchase common stock offset by the repayment
of convertible debt, including an early prepayment fee, of
$339,131.

                          Going Concern

Nutriband said, "As of January 31, 2021, the Company believes the
substantial doubt about going concern has been resolved.  The going
concern conditions that caused substantial doubt consisted of
current year net loss, negative working capital, negative cash
flow, and accumulated deficit.  Management has implemented plans to
alleviate the substantial doubt.  These plans include a substantial
increase in sales commitments, a decrease in planned overhead
expenses, equity funding that has been received and the net revenue
and positive cash flow from its recent acquisition.  These factors
did not exist in prior years during its start-up operations.  The
Company's recent history of losses has changed from prior periods
due to its current management's plans including its acquisition in
the latter part of 2020 to alleviate the substantial doubt about
the Company's ability to continue as a going concern.  Management's
plans have been currently implemented. The plans enable the Company
to meet its obligations for at least one year from the date when
the financial statements are issued."

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

https://www.sec.gov/Archives/edgar/data/1676047/000121390021019991/f10k2021_nutribandinc.htm

                          About Nutriband

Nutriband Inc.'s primary business is the development of a portfolio
of transdermal pharmaceutical products.  The Company's lead product
is its abuse deterrent fentanyl transdermal system which the
Company is developing to provide clinicians and patients with an
extended-release transdermal fentanyl product for use in managing
chronic pain requiring around the clock opioid therapy combined
with properties designed to help combat the opioid crisis by
deterring the abuse and misuse of fentanyl patches.  The Company's
corporate headquarters are located at 121 S. Orange Ave. Suite
1500, Orlando, Florida 32765, telephone (407) 377-6695.  Its
website is www.nutriband.com.


NYMOX PHARMACEUTICAL: Incurs US$11.7 Million Net Loss in 2020
-------------------------------------------------------------
NYMOX Pharmaceutical Corporation filed with the Securities and
Exchange Commission its Annual Report on Form 20-F disclosing a net
loss of US$11.74 million on US$5,000 of total revenue for the year
ended Dec. 31, 2020, compared to a net loss of US$13.16 million on
US$116,000 of total revenue for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had US$4.34 million in total
assets, US$2.20 million in total liabilities, and US$2.14 million
in total stockholders' equity.

Sugar Land, Texas-based TPS Thayer, LLC, the Company's auditor
since 2020, issued an opinion in its report dated March 29, 2021,
citing that "Without qualifying our opinion, we draw attention to
Note 2 in the financial statements which indicates that the failure
of U.S. phase 3 studies of NX ā€“ 1207 materially affects Nymox
Pharmaceutical Corporation's current ability to fund its
operations, meet its cash flow requirements, realize its assets and
discharge its obligations. These conditions, along with other
matters...indicate the existence of the material uncertainty that
casts substantial doubt about Nymox Pharmaceutical Corporation's
ability to continue as a going concern.

A full-text copy of the Form 20-F is available for free at:

https://www.sec.gov/Archives/edgar/data/1018735/000164033421000680/nymox_20f.htm

                            About Nymox

Headquartered in Nassau, The Bahamas, Nymox Pharmaceutical
Corporation is a biopharmaceutical company focused on developing
its drug candidate, NX-1207, for the treatment of BPH and the
treatment of low-grade localized prostate cancer.  The Corporation
currently markets NicAlertTM and TobacAlertTM, tests that use urine
or saliva to detect use of tobacco products.  The Corporation also
has an extensive patent portfolio covering its marketed products,
its investigational drug as well as other therapeutic and
diagnostic indications.


OCCASION BRANDS: Court Confirms Old OB's Chapter 11 Plan
--------------------------------------------------------
Judge David S. Jones has confirmed the Liquidating Plan, including
the Plan Supplement of Old Ob, LLC, and approved the Debtor's
Disclosure Statement.

Any and all objections to the Disclosure Statement and the Plan
that have not been withdrawn or resolved prior to the Confirmation
Hearing are overruled.

Under Section 1126(f) of the Bankruptcy Code, Holders of Claims in
Class 1 (Priority Non-Tax Claims), Class 2 (Secured Claims), and
Class 4 (Membership Interests) are conclusively presumed to accept
or deemed to reject the Plan, as the case may be. Accordingly,
holders of Claims and Membership Interests in the Non-Voting
Classes are not entitled to vote or receive a Ballot.

                        About Occasion Brands

Founded in 1998, Occasion Brands, LLC --
https://www.occasionbrands.com/ -- owned a family of e-commerce Web
sites that focus on the prom, homecoming, bridal, and other special
occasion events.  It is a pure-play e-commerce platform for prom
dresses and operates its business through three web properties:
promgirl.com, simplydresses.com, and KleinfeldBridalParty.com teen
events.

Occasion Brands sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y., Case No. 20-11684) on July 22,
2020.  Robert Nolan, chief restructuring officer, signed the
petition.

At the time of the filing, the Debtor was estimated to have assets
of $1 million to $10 million and liabilities of $10 million to $50
million.

The Honorable Stuart M. Bernstein is the case judge. S. Jason
Teele, Esq. and Daniel J. Harris, Esq., of Sills Cummins & Gross
P.C. serve as Debtor's counsel.  Insight Partners, LLC, is the
Debtor's Restructuring Advisor, and Omni Agent Solutions is the
claims and noticing agent.

The sale of substantially all of the Debtor's assets closed on Nov.
24, 2020.  The Debtor changed its name to Old OB, LLC, following
the sale.


ONDAS HOLDINGS: Susan Roberts Joins as Senior Advisor
-----------------------------------------------------
Susan Roberts has joined Ondas Holdings Inc. as a senior advisor,
focusing on strategy and business development for Ondas as the
Company commercializes its FullMAX communications platform for the
Unmanned Aerial Systems and Aviation verticals.

Ms. Roberts is a prominent member of the UAS community and brings a
wealth of experience through holding various leadership positions
with Panasonic, GE Aviation, BAE Systems, Orbital Sciences (now
ATK) and Honeywell in executive, program product and engineering
roles. She has managed a range of UAS and Aviation hardware and
software solutions through regulatory approval and deployment.

"We are thrilled to have Susan join the Ondas team as we enable the
growth of emerging UAS markets with our unique software-based
wireless connectivity platform," said Eric Brock, CEO of Ondas.
"Susan's deep experience growing new business in UAS markets, her
extensive connection to the UAS and Aviation communities and her
entrepreneurial leadership skills developed over an impressive
career in highly regulated aviation markets will be a tremendous
asset to Ondas.  We expect her to make significant contributions as
we continue to partner with Aura Networks Systems to commercialize
their nationwide aviation network and to identify new opportunities
for Ondas to expand in UAS markets."

"I am very excited to be a part of the Ondas team," said Ms.
Roberts.  "Ondas Networks has established its standards-based
FullMAX platform as a leading connectivity solution for mission
critical ("MC-IoT") applications including for the navigation of
commercial drones.  I look forward to working with the entire Ondas
team, and our existing and future partners, to apply our platform
across UAS and aviation markets.  The commercial drone market is
poised for significant growth and Ondas' wireless platform will be
a critical enabler of market expansion."

Ms. Roberts is currently the CEO of The 1182 Group, a management
consulting business she founded that specializes in innovation and
business strategy development.  She was previously the Head of
Commercial Innovation for Panasonic Avionics Corporation, leading
the development of that company's managed services business model.
Prior to Panasonic, Ms. Roberts co-founded AiRXOS, Inc., a GE
Venture focused on traffic management solutions for unmanned
aircraft.  At AiRXOS, she led the company through funding and
initial commercial sales, including working with the FAA on a UAV
certification partnership based on performance-based standards and
risk assessments.  At GE Aviation, Ms. Roberts led Aviation
Navigation and Guidance commercial and R&D programs.  She currently
serves as the strategy chair and on the finance committee for the
Association of Unmanned Systems International (AUVSI) Board of
Directors and is the former President of the Board of Directors for
the Commercial Drone Alliance.

                        About Ondas Holdings Inc.

Ondas Holdings Inc., through its wholly owned subsidiary, Ondas
Networks Inc., is a developer of proprietary, software-based
wireless broadband technology for large established and emerging
industrial markets.  The Company's standards-based, multi-patented,
software-defined radio FullMAX platform enables Mission-Critical
IoT (MC-IoT) applications by overcoming the bandwidth limitations
of today's legacy private licensed wireless networks.  Ondas
Networks' customer end markets include railroads, utilities, oil
and gas, transportation, aviation (including drone operators) and
government entities whose demands span a wide range of mission
critical applications.  These markets require reliable, secure
broadband communications over large and diverse geographical areas,
many of which are within challenging radio frequency environments.
Customers use the Company's FullMAX technology to deploy their own
private licensed broadband wireless networks. The Company also
offers mission-critical entities the option of a managed network
service.  Ondas Networks' FullMAX technology supports IEEE 802.16s,
the new worldwide standard for private licensed wide area
industrial networks.  For additional information, visit
www.ondas.com.

Ondas Holdings reported a net loss of $13.48 million for the year
ended Dec. 31, 2020, compared to a net loss of $19.39 million for
the year ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had
$28.51 million in total assets, $13.43 million in total
liabilities, and $15.08 million in total stockholders' equity.

The Company has incurred losses since inception and has funded its
operations primarily through debt and the sale of capital stock.
On Dec. 31, 2020, the Company had net short and long-term
borrowings outstanding of approximately $7,063,000 and $907,000,
respectively. On Dec. 31, 2020, the Company had cash of
approximately $26,061,000 and working capital of approximately
$15,404,000.


PG&E CORP: Victims Lost Bid to Send Insurance Dispute to State
--------------------------------------------------------------
Nicholas Iovino of Courthouse News reports that the wildfire
victims of PG&E lost bid to send their insurance victims to state
court.

A federal bankruptcy judge on Tuesday, April 20, 2021, refused to
relinquish jurisdiction over an insurance-related dispute that
could net up to $400 million or more for victims of wildfires
likely caused by Pacific Gas and Electric's equipment.

Retired Justice John K. Trotter of California's Fourth Appellate
District runs a multibillion-dollar trust established as part of a
plan to bring PG&E out of Chapter 11 bankruptcy last 2020. In
February, Trotter sued 22 former PG&E board members and executives
in state court on claims of breach of fiduciary duty. PG&E assigned
its right to pursue those claims to the Fire Victim Trust as part
of a settlement agreement reached last year.

But the maximum fire victims can receive through the lawsuit is
limited to PG&E's maximum insurance coverage for liability claims
against its former officers and directors. The maximum recovery is
estimated at $200 million to $400 million or more, according to
Fire Victim Trust attorney Frank Pitre.

Last month, Trotter sued PG&E and 15 of its insurance companies in
state court seeking to take part in a private arbitration
proceeding that will determine the maximum payout. PG&E had the
case removed to federal bankruptcy court, arguing the bankruptcy
court has exclusive jurisdiction over disputes between PG&E and the
Fire Victim Trust.

Trotter filed a motion to remand the case to state court, arguing
the trustā€™s right to intervene in the insurance arbitration
dispute is a purely a matter of state law that does not concern the
bankruptcy court.

Following more than an hour of arguments via Zoom video conference
Tuesday, April 20, 2021, U.S. Bankruptcy Judge Dennis Montali ruled
in favor of PG&E.

"I'm going to deny the motion to remand," Montali said.

Quoting lines from Trotter's lawsuit, Montali noted the trust
described the dispute as "an essential part of the reorganization
plan" and a "foundational premise" of the bankruptcy plan.

"The underlying rights are governed not by state common law but by
the actual charter that created the trust," Judge Montali said.
"Justice Trotter wouldn't be in existence if that trust wasn't
created as a product of the bankruptcy plan."

Fire Victim Trust lawyer David Molton argued that no aspect of the
dispute requires a judge to interpret part of PG&E's Chapter 11
bankruptcy plan. He said the resolution of this legal action hinges
on one issue alone ā€” whether the trust has a right under state
law to intervene in an insurance dispute to which it is the sole
beneficiary.

"It has nothing to do with the plan.  It has nothing to do with the
bankruptcy," Mr. Molton said. "It has to do with California law."

Judge Montali said he found Mr. Molton's attempt to "reframe" the
issue as purely a matter of state law unavailing.

"If we do the animal test and say if it quacks and it has webbed
feet, we can't call it a turkey," Judge Montali said.  "It's
duck."

In its motion to remand the case back to state court, Fire Victim
Trust lawyers said PG&E's decision to immediately remove the case
to bankruptcy court last month "smacks of forum-shopping."

On Tuesday, April 20, 2021, Judge Montali said the same accusation
could be hurled at Trotter for deciding to file the lawsuit in
state court in the first place.

"Perhaps what the trustee has done smacks of forum-shopping also
because he could have brought the action here," Judge Montali
said.

Justice Trotter acknowledged in a letter to fire victims in January
that the trust is $1 billion short of its intended value due to
PG&E's lower than expected stock price.  The trust was intended to
make $13.5 billion available to fire victims through a mix of cash
and liquidated shares of PG&E stock.  More than 86,000 claims for
compensation were filed with the trust.

Also on Tuesday, April 20, 2021, PG&E made its first appearance in
Sonoma County Superior Court to face 33 criminal charges related to
the 2019 Kincade Fire, which burned about 77,000 acres, razed 174
buildings and prompted the evacuation of 200,000 residents.

PG&E attorney Brad Brian told Sonoma County Judge Mark Urioste the
company intends to file a motion to dismiss 25 charges accusing it
of causing air pollution emissions. PG&E did not enter a plea and
the next hearing in the case is scheduled for May 25. 2021.

The criminal charges filed in Sonoma County also prompted a federal
probation officer to report PG&E for a potential probation
violation.

U.S. District Judge William Alsup, who oversees PG&E's probation
for convictions related to the 2010 San Bruno gas pipeline
explosion, ordered the company to appear in federal court on May 4,
2021 to discuss the suspected probation violation.

PG&E was ordered not to violate state or federal laws as a
condition of its federal probation, which expires in January 2022.

                         About PG&E Corp.

PG&E Corporation (NYSE: PCG) -- http://www.pgecorp.com/-- is a
Fortune 200 energy-based holding company, headquartered in San
Francisco.  It is the parent company of Pacific Gas and Electric
Company, an energy company that serves 16 million Californians
across a 70,000-square-mile service area in Northern and Central
California.

As of Sept. 30, 2018, the Debtors, on a consolidated basis, had
reported $71.4 billion in assets on a book value basis and $51.7
billion in liabilities on a book value basis.

PG&E Corp. and Pacific Gas employ approximately 24,000 regular
employees, approximately 20 of whom are employed by PG&E Corp. Of
Pacific Gas' regular employees, approximately 15,000 are covered by
collective bargaining agreements with local chapters of three labor
unions: (i) the International Brotherhood of Electrical Workers;
(ii) the Engineers and Scientists of California; and (iii) the
Service Employees International Union.

On Jan. 29, 2019, PG&E Corp. and its primary operating subsidiary,
Pacific Gas and Electric Company, filed voluntary Chapter 11
petitions (Bankr. N.D. Cal. Lead Case No. 19-30088).

PG&E Corporation and its regulated utility subsidiary, Pacific Gas
and Electric Company, said they are facing extraordinary challenges
relating to a series of catastrophic wildfires that occurred in
Northern California in 2017 and 2018. The utility said it faces an
estimated $30 billion in potential liability damages from
California's deadliest wildfires of 2017 and 2018.

Weil, Gotshal & Manges LLP and Cravath, Swaine & Moore LLP are
serving as PG&E's legal counsel, Lazard is serving as its
investment banker and AlixPartners, LLP is serving as the
restructuring advisor to PG&E. Prime Clerk LLC is the claims and
noticing agent.

In order to help support the Company through the reorganization
process, PG&E has appointed James A. Mesterharm, a managing
director at AlixPartners, LLP, and an authorized representative of
AP Services, LLC, to serve as Chief Restructuring Officer. In
addition, PG&E appointed John Boken also a Managing Director at
AlixPartners and an authorized representative of APS, to serve as
Deputy Chief Restructuring Officer. Mr. Mesterharm, Mr. Boken and
their colleagues at AlixPartners will continue to assist PG&E with
the reorganization process and related activities.  Morrison &
Foerster LLP, as special regulatory counsel.  Munger Tolles & Olson
LLP, as special counsel.

The Office of the U.S. Trustee appointed an official committee of
creditors on Feb. 12, 2019. The Committee retained Milbank LLP as
counsel; FTI Consulting, Inc., as financial advisor; Centerview
Partners LLC as investment banker; and Epiq Corporate
Restructuring, LLC as claims and noticing agent.

On Feb. 15, 2019, the U.S. trustee appointed an official committee
of tort claimants. The tort claimants' committee is represented by
Baker & Hostetler LLP.

PG&E Corporation and Pacific Gas and Electric Company announced
July 1, 2020, that PG&E has emerged from Chapter 11, successfully
completing its restructuring process and implementing PG&E's Plan
of Reorganization that was confirmed by the Bankruptcy Court on
June 20, 2020.


POLAR POWER: Incurs $10.9 Million Net Loss in 2020
--------------------------------------------------
Polar Power, Inc. filed with the Securities and Exchange Commission
its Annual Report on Form 10-K disclosing a net loss of $10.87
million on $9.03 million of net sales for the year ended Dec. 31,
2020, compared to a net loss of $4.04 million on $24.80 million of
net sales for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $17.80 million in total
assets, $6.31 million in total liabilities, and $11.49 million in
total stockholders' equity.

For the year ended Dec. 31, 2020, the Company used cash in
operating activities of $6,547,000.  At Dec. 31, 2020, the Company
had cash on hand of $1,646,000 and working capital of $10,123,000.
Subsequent to Dec. 31, 2020, the Company sold an aggregate of
750,000 shares of its common stock for net proceeds of
approximately $12,500,000 in an offering completed in January 2021.
In addition, in January 2021, the Company issued an aggregate of
225,878 shares of common stock upon the exercise of warrants and
received cash proceeds of $707,000.  Notwithstanding the net loss
for 2020, management believes that its current cash balance, plus
net proceeds from issuance of common stock and exercise of warrants
in January 2021, is sufficient to fund operations for at least one
year from the date the Company's 2020 financial statements are
issued.

The Company expects to continue to incur net losses and negative
operating cash flows in the near-term.  The Company may seek to
raise additional debt and/or equity capital to fund future
operations.  No assurance can be given that any future financing
will be available or, if available, that it will be on terms that
are satisfactory to the Company.  The Company said that even if it
is able to obtain additional financing, it may contain undue
restrictions on its operations, in the case of debt financing or
cause substantial dilution for its stockholders, in case or equity
financing.  Management continues to review operations in order to
identify additional strategies designed to generate cash flow,
improve the Company's financial position, and enable the timely
discharge of the Company's obligations.  If management is unable to
identify sources of additional cash flow in the short term, it may
be required to further reduce or limit operations.

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

https://www.sec.gov/Archives/edgar/data/1622345/000149315221007482/form10-k.htm

                         About Polar Power

Headquartered in Gardena, California, Polar Power, Inc. designs,
manufactures and sells direct current, or DC, power generators,
renewable energy and cooling systems for applications primarily in
the telecommunications market and, to a lesser extent, in other
markets, including military, electric vehicle charging and
residential and commercial power.


POWER BAIL: Trustee Seeks to Hire Hahn Fife as Accountant
---------------------------------------------------------
Caroline Djang, the Subchapter V trustee appointed in Power Bail
Bonds, Inc.'s Chapter 11 case, seeks approval from the U.S.
Bankruptcy Court for the Central District of California to employ
Hahn Fife & Company, LLP as her accountant.

The firm will provide accounting services to the bankruptcy estate,
which include preparing and filing state and federal tax returns,
and reviewing financial documents.

Hahn Fife will be paid at the rate of $80 per hour for staff and
$450 per hour for partners.  The firm will also be reimbursed for
work-related expenses incurred.

Donald Fifle, a partner at Hahn Fife, disclosed in a court filing
that his firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code.

Hahn Fife can be reached at:

     Donald T. Fifle
     Hahn Fife & Company, LLP
     790 E. Colorado Blvd., 9th Floor
     Pasadena, CA 91101
     Tel: (626) 792-0855
     Fax: (626) 792-0879
     Email: dfife@hahnfife.com

                      About Power Bail Bonds

Power Bail Bonds, Inc., a company based in Temecula, Calif., filed
a Chapter 11 petition (Bankr. C.D. Calif. Case No. 20-14155) on
June 15, 2020.  In the petition signed by Marcus Romero, chief
executive officer and president, the Debtor disclosed $55,112,483
in assets and $2,673,222 in liabilities.

Judge Mark S. Wallace oversees the case.

The Debtor tapped Reid & Hellyer, APC as its bankruptcy counsel,
and John R. Mayer, A Professional Law Corporation as its special
counsel.

Caroline R. Djang is the Subchapter V trustee appointed in the
Debtor's Chapter 11 case.  The trustee tapped Best Best & Krieger,
LLP as legal counsel and Hahn Fife & Company, LLP as accountant.


PROFESSIONAL FINANCIAL: Court OKs Additions to Solicitation Package
-------------------------------------------------------------------
Judge Hannah Blumenstiel has entered an order that the Plan
Summary, Cover Letter, AD Hoc LLC Members Committee Plan Support
Letter, and Ad Hoc DOT Noteholders Committee Plan Support Letter of
Professional Financial Investors, Inc., et al., to the extent
modified and on the record, are approved as part of the
Solicitation Package.

The Disclosure Statement is conditionally approved.

Any Plan Supplement must be filed with this Court not later than
May 6, 2021.

Ballots must be received on or before May 13, 2021, at 4:00 p.m.
(Pacific Time).

Any objection to an Investor Rule 3018 Motion must be filed by no
later than May 20, 2021, and shall be heard at the Combined
Hearing.

Objections to the adequacy of the Disclosure Statement or
confirmation of the Plan must be filed and served on or before May
13, 2021, at 4:00 p.m. (Pacific Time).

Any Plan Proponent or Ad Hoc Committee may file a reply to any
objection to confirmation of the Plan or adequacy of the Disclosure
Statement by May 20, 2021.

The Plan voting certification will be filed by May 20, 2021.

A hearing shall be held before the Court on May 27, 2021, at 10:00
a.m. (Pacific Time) or as soon thereafter as counsel can be heard,
to consider confirmation of the Plan before the Honorable Hannah L.
Blumenstiel, United States Bankruptcy Judge via video or
teleconference.

                 About Professional Financial Investors

Professional Financial Investors, Inc., and Professional Investors
Security Fund, Inc. are engaged in activities related to real
estate. PFI directly owns 28 real property locations in fee simple
and has an interest as a tenant in common at another real property
location, primarily consisting of apartment buildings and office
parks, located in Marin and Sonoma Counties, California, with an
aggregate value of approximately $108 million, according to an
early July 2020 valuation.

On July 16, 2020, a group of creditors filed an involuntary Chapter
11 petition (Bankr. N.D. Cal. Case No. 20-30579) against
Professional Investors Security Fund. On July 26, 2020,
Professional Financial Investors sought Chapter 11 protection
(Bankr. N.D. Cal. Case No. 20-30604). On Nov. 20, 2020,
Professional Financial Investors filed involuntary Chapter 11
petitions against Professional Investors Security Fund I, A
California Limited Partnership and 28 other affiliates.  The cases
are jointly administered under Case No. 20-30604. Between February
3-4, 2021, Professional Financial Investors filed involuntary
Chapter 11 petitions against Professional Investors 31, LLC and
nine other affiliates.  The cases are jointly administered under
Case No. 20-30579.

At the time of the filing, Professional Financial Investors
disclosed assets of between $100 million and $500 million and
liabilities of the same range.

Judge Hannah L. Blumenstiel oversees the cases.

The Debtors tapped Sheppard, Mullin, Richter & Hampton, LLP, as
their legal counsel; Trodella & Lapping LLP as conflicts counsel;
Ragghianti Freitas LLP, Weinstein & Numbers LLP, Wilson Elser
Moskowitz Edelman & Dicker LLP, Nardell Chitsaz & Associates, and
Kimball Tirey & St. John, LLP as special counsel; and Donlin,
Recano & Company, Inc. as claims, noticing, and solicitation agent
and administrative advisor.

Michael Hogan of Armanino LLP was appointed as the Debtors' chief
restructuring officer. FTI Consulting, Inc. is the financial
advisor.

On Aug. 19, 2020, the Office of the U.S. Trustee appointed a
committee of unsecured creditors.  The committee is represented by
Pachulski Stang Ziehl & Jones.

Professional Investors 31 and affiliates tapped Sheppard, Mullin,
Richter & Hampton LLP as general bankruptcy counsel; Trodella &
Lapping LLP as conflicts counsel; FTI Consulting, Inc., as
financial advisor; and Armanino LLP as tax accountant.  Donlin,
Recano & Company, Inc., is the claims, noticing, and solicitation
agent.


PURDUE PHARMA LP: Court Extends Pause on Opioid Lawsuits
--------------------------------------------------------
Jeremy Hill of Bloomberg News reports that U.S. Bankruptcy Judge
Robert Drain again extended a pause of opioid lawsuits against
Purdue Pharma LP and its owners, urging parties to continue their
"Herculean" efforts to reach a settlement.

The ruling further insulates Purdue and its owners from lawsuits
until May 20, 2021.

The drugmaker is set to seek approval of an outline of its proposed
settlement on May 4, 2021, though it's possible the hearing could
be pushed back as negotiations continue, Marshall Huebner of Davis
Polk & Wardwell said in court Wednesday, April 21, 2021.

                    About Purdue Pharma LP

Purdue Pharma L.P. and its subsidiaries --
http://www.purduepharma.com/-- develop and provide prescription
medicines and consumer products that meet the evolving needs of
healthcare professionals, patients, consumers and caregivers.

Purdue's subsidiaries include Adlon Therapeutics L.P., focused on
treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and
related disorders; Avrio Health L.P., a consumer health products
company that champions an improved quality of life for people in
the United States through the reimagining of innovative product
solutions; Imbrium Therapeutics L.P., established to further
advance the emerging portfolio and develop the pipeline in the
areas of CNS, non-opioid pain medicines, and select oncology
through internal research, strategic collaborations and
partnerships; and Greenfield Bioventures L.P., an investment
vehicle focused on value-inflection in early stages of clinical
development.

Opioid makers in the U.S. are facing pressure from a crackdown on
the addictive drug in the wake of the opioid crisis and as state
attorneys general file lawsuits against manufacturers. More than
2,000 states, counties, municipalities and Native American
governments have sued Purdue Pharma and other pharmaceutical
companies for their role in the opioid crisis in the U.S., which
has contributed to the more than 700,000 drug overdose deaths in
the U.S. since 1999.

OxyContin, Purdue Pharma's most prominent pain medication, has been
the target of over 2,600 civil actions pending in various state and
federal courts and other fora across the United States and its
territories.

On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
19-23649), after reaching terms of a preliminary agreement for
settling the massive opioid litigation.  The Debtors' consolidated
balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets
and $562 million in liabilities.

U.S. Bankruptcy Judge Robert Drain oversees the cases.  

The Debtors tapped Davis Polk & Wardwell LLP and Dechert LLP as
legal counsel; PJT Partners as investment banker; AlixPartners as
financial advisor; and Prime Clerk LLC as claims agent.

Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the
official committee of unsecured creditors appointed in Debtors'
bankruptcy cases.

David M. Klauder, Esq., was appointed as fee examiner.  The fee
examiner is represented by Bielli & Klauder, LLC.


PURDUE PHARMA: Documents Say Sackler Family Worth $11 Billion
-------------------------------------------------------------
Sara Randazzo of Reuters reports that documents released Tuesday by
a congressional committee show that the Sackler family, the owner
of Purdue Pharma, is worth $11 billion.

Members of the Sackler family have agreed to pay $4.28 billion over
the next decade as part of a proposal for Purdue to exit bankruptcy
and settle thousands of lawsuits filed by states, local governments
and individuals blaming the company and its owners for helping fuel
the nation's opioid crisis.

Summaries of the family wealth, turned over to Rep. Carolyn Maloney
(D., N.Y.), also were seen by Purdue's creditors during settlement
talks, according to representatives for the two branches of the
company's family owners.

A third branch of the family is no longer involved in Purdue Pharma
and wasn't included in Tuesday's, April 20, 2021, release by Rep.
Maloney, who chairs the House Committee on Oversight and Reform.

The documents show the Sacklers' wealth includes more than $950
million in cash, more than $1 billion in real estate, another $1
billion in private-equity investments and $250 million in art,
jewelry and other collectibles.

The family owns stakes worth more than $1 billion in international
drug companies, which are expected to be sold to help pay back
creditors. The documents show much of the familyā€™s wealth is held
in dozens of trusts.

A spokesman for the descendants of the late Mortimer Sackler said
no party in the bankruptcy has challenged the accuracy or
completeness of the wealth disclosure and that "we hope the focus
will now be on concluding a resolution that will deliver timely
resources to individuals, families and communities in need."

A lawyer for the late Raymond Sackler side of the family said the
amount of the family's settlement offer exceeds the profits they
retained from OxyContin sales. He added that the family supports
the release of company documents that demonstrate Sackler family
members behaved ethically and legally.

The summaries from the Mortimer and Raymond Sackler branches detail
their finances as of January 2020 and last month, respectively.

Purdue is still working to build support for its
multibillion-dollar creditor repayment plan, which would turn the
company into a public trust, operating for the benefit of the
governments and others that have sued. In exchange for payment from
the Sacklers, the family members would be absolved of lawsuits
seeking to hold them liable for the costs of widespread opioid
addiction.

Nearly half of states, including California and New York, oppose
the Sacklers' offer and said in a Friday filing that it isn't "an
acceptable resolution of the Sacklers' personal liability for their
role in the opioid crisis."

Purdue's proposed plan requires the approval of the judge
overseeing its bankruptcy and will be subjected to a creditor vote.
If approved, the chapter 11 plan would sign away legal claims
against the Sacklers, including among those that don't support it.

Investigators hired by Purdue previously said the family owners had
collected $10.3 billion from the company from 2008 to 2017,
distributions that lawsuits alleged were made to thwart future
judgments. The Sacklers have said the distributions, which included
$4.6 billion paid to taxes, were legitimate and left the company on
solid financial ground.

                     About Purdue Pharma LP

Purdue Pharma L.P. and its subsidiaries --
http://www.purduepharma.com/-- develop and provide prescription
medicines and consumer products that meet the evolving needs of
healthcare professionals, patients, consumers and caregivers.

Purdue's subsidiaries include Adlon Therapeutics L.P., focused on
treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and
related disorders; Avrio Health L.P., a consumer health products
company that champions an improved quality of life for people in
the United States through the reimagining of innovative product
solutions; Imbrium Therapeutics L.P., established to further
advance the emerging portfolio and develop the pipeline in the
areas of CNS, non-opioid pain medicines, and select oncology
through internal research, strategic collaborations and
partnerships; and Greenfield Bioventures L.P., an investment
vehicle focused on value-inflection in early stages of clinical
development.

Opioid makers in the U.S. are facing pressure from a crackdown on
the addictive drug in the wake of the opioid crisis and as state
attorneys general file lawsuits against manufacturers. More than
2,000 states, counties, municipalities and Native American
governments have sued Purdue Pharma and other pharmaceutical
companies for their role in the opioid crisis in the U.S., which
has contributed to the more than 700,000 drug overdose deaths in
the U.S. since 1999.

OxyContin, Purdue Pharma's most prominent pain medication, has been
the target of over 2,600 civil actions pending in various state and
federal courts and other fora across the United States and its
territories.

On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
19-23649), after reaching terms of a preliminary agreement for
settling the massive opioid litigation.  The Debtors' consolidated
balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets
and $562 million in liabilities.

U.S. Bankruptcy Judge Robert Drain oversees the cases.  

The Debtors tapped Davis Polk & Wardwell LLP and Dechert LLP as
legal counsel; PJT Partners as investment banker; AlixPartners as
financial advisor; and Prime Clerk LLC as claims agent.

Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the
official committee of unsecured creditors appointed in Debtors'
bankruptcy cases.

David M. Klauder, Esq., was appointed as fee examiner. The fee
examiner is represented by Bielli & Klauder, LLC.


R & R INDUSTRIES: Seeks Permission to Use Cash Collateral
---------------------------------------------------------
R & R Industries asked the U.S. Bankruptcy Court for the Middle
District of Florida to authorize use of cash collateral to continue
operating its business and to reorganize.

The Debtors anticipate that (i) AJ Equity Group, LLC, (ii) TVT
Capital, LLC, (iii) Crystal Springs Capital, Inc., and (iv)
Business Funding Source, Inc., may assert an interest in the cash
collateral.  The Debtor offers replacement liens on new cash to the
holders of valid liens on cash collateral, as adequate protection
for the proposed cash collateral use.

A copy of the motion is available for free at
https://bit.ly/3gpoamC from PacerMonitor.com.

                      About R & R Industries

R & R Industries, a Florida S corporation formed in 1964,
specializes in the installation of roofing, heating, air
conditioning and ventilation systems for commercial, industrial and
residential properties.  Located at 500 Carswell Avenue, in Daytona
Beach, Florida, R&R has been serving the Daytona Beach area for
over 55 years.

The Debtor filed a petition under Subchapter V of Chapter 11 of the
Bankruptcy Code (Bankr. M.D.Fla. Case No. 01050) on March 11, 2021
in the U.S. Bankruptcy Court for the Middle District of Florida.

In the petition, Larry T. Beasley II, president, the Debtor
estimated between $1 million and $10 million in both assets and
liabilities.  Law Offices of Scott W. Spradley, P.A., is the
Debtor's attorney.

Counsel for Debtor:

   Scott W. Spradley, Esq.
   Law Offices of Scott W. Spradley, P.A.
   109 South 5th Street
   Flagler Beach, FL 32136
   Tel: (386) 693-4935
   Fax: (386) 693-4937
   Email: scott@flaglerbeachlaw.com



RESTORENATIONS INC: Seeks Cash Access Until Plan Confirmation
-------------------------------------------------------------
Restorenations, Inc., asked permission from the U.S. Bankruptcy
Court for the Central District of California to use cash collateral
through the date of confirmation of a Chapter 11 plan in the
Debtor's case, or the dismissal of the case.

The Debtor's cash collateral includes rental income from certain
parcels of the Debtor's real property in Long Beach, California.
Certain individuals hold an interest in the cash collateral on
account of claims against the Debtor attaching to the property.  

The secured parties include LOT 12 Alma Real Corporation as first
lien holder with respect to two loans extended to the Debtor.  The
loan, however, was purportedly assigned to LOT 12's principal after
LOT 12's dissolution as a business.  The Debtor disclosed that the
status of LOT 12's legal standing is still to be ascertained.

Michael E. Plotkin, Esq., the Debtor's proposed counsel, disclosed
that the equity in the income-generating property exceeds the
claims of the secured creditors so that there is adequate
protection of the creditors' interest.  Until LOT 12's status has
not been properly ascertained, the Debtor asserted that it should
be allowed to use the cash collateral.

                     About Restorenations

Restorenations, Inc., with place of business at 16133 Ventura
Boulevard, 7th Floor, Encino, California, is primarily engaged in
renting and leasing real estate properties.  The Debtor filed a
Chapter 11 petition (Bankr. C.D.Cal. Case No. 21-10500) on March
24, 2021 with the U.S. Bankruptcy Court for the Central District of
California.

In the Petition signed by Steve Awadalla, president, the Debtor
disclosed between $1 million and $10 million in assets, and between
$100,000 and $500,000 in liabilities.

Michael E. Plotkin, Attorney at Law, represents the Debtor as
counsel.

    Michael E. Plotkin, Esq.
    MICHAEL E. PLOTKIN, ATTORNEY AT LAW
    80 South Lake Avenue, Suite 702
    Pasadena, CA 91101
    Tel: (626) 568-8088
    Fax: (626) 568-8102
    E-mail: mepesq@earthlink.net




ROLLING HILLS: Seeks to Hire Carmody MacDonald as Legal Counsel
---------------------------------------------------------------
Rolling Hills Apartments seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Missouri to hire Carmody
MacDonald P.C. as its legal counsel.

The firm's services include:

     a. advising the Debtor with respect to its rights, power and
duties in its Chapter 11 case;

     b. assisting the Debtor in its consultations with any
appointed committee relative to the administration of its case;

     c. assisting the Debtor in analyzing the claims of creditors
and negotiating with such creditors;

     d. assisting in the investigation of the Debtor's assets,
liabilities and financial condition and in reorganizing its
business;

     e. advising the Debtor in connection with the sale of its
assets or business;

     f. assisting the Debtor in its analysis of and negotiation
with any appointed committee or any third party concerning matters
related to, among other things, the terms of a plan of
reorganization;

     g. assisting the Debtor with respect to any communications
with the general creditor body regarding significant matters in
this case;

     h. commencing and prosecuting actions or proceedings;

     i. reviewing, analyzing or preparing legal documents;

     j. representing the Debtor at all hearings and other
proceedings;

     k. conferring with other professional advisors retained by the
Debtor;

     l. assisting the Debtor in pending arbitration and litigation
matters; and

     m. performing all other necessary legal services.

The firm will be paid at hourly rates as follows:

     Partners                     $305 - $425
     Associates                   $225 - $275
     Paralegals/Law clerks        $150 - $195

Robert Eggmann, Esq., a principal at Carmody MacDonald, disclosed
in court filings that his firm is a "disinterested person" within
the meaning of Bankruptcy Code Section 101(14).

The firm can be reached through:
   
     Robert E. Eggmann, Esq.
     Carmody MacDonald P.C.
     120 S. Central Avenue, Suite 1800
     St. Louis, MO 63105
     Telephone: (314) 854-8600
     Facsimile: (314) 854-8660
     Email: ree@carmodymacdonald.com

                   About Rolling Hills Apartments

Rolling Hills Apartments is a single asset real estate debtor (as
defined in 11 U.S.C. Section 101(51B)).

Rolling Hills Apartments filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mo. Case No.
21-41314) on April 9, 2021.  In the petition signed by Robert Keith
Bennett, manager, the Debtor disclosed $3,486,865 in assets and
$3,752,509 in liabilities.  Judge Kathy A. Surratt-States presides
over the case.  Robert E. Eggmann, Esq., at Carmody MacDonald P.C.,
represents the Debtor as legal counsel.


RSG INDUSTRIES: Plan Approval Deadline Extended to May 13
---------------------------------------------------------
Judge Scott M. Grossman has entered an order extending the deadline
to confirm RSG Industries Corp. d/b/a  MB Automotive Corp.'s Plan
of Reorganization, as amended, to Thursday, May 13, 2021.

The hearing on confirmation of the Debtor's Plan of Reorganization,
as amended, and all other pending motions previously scheduled for
April 13, 2021, are continued to Wednesday, May 12, 2021 at 3:00
p.m.

The deadline to file ballots is Friday, May 7, 2021.  The deadline
for objections to confirmation is Monday, May 10, 2021.

                  About RSG Industries Corp.

RSG Industries Corp. is in the business of repairing and selling
used automobiles.  It said that a move to a smaller location, at
1500 West Copans Road, Pompano Beach Florida, resulted to lower
sales.

RSG Industries Corp. sought protection for relief under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 20-19238) on Aug.
26, 2020, listing under $1 million in both assets and liabilities.
Judge Scott M. Grossman oversees the case.  Chad Van Horn, Esq., at
Van Horn Law Group, P.A., is the Debtor's legal counsel.


SALLY HOLDINGS: Moody's Affirms Ba2 CFR & Alters Outlook to Stable
------------------------------------------------------------------
Moody's Investors Service changed the outlook for Sally Holdings
LLC to stable from negative. Concurrently, Moody's affirmed the
company's Ba2 corporate family rating and its Ba2-PD probability of
default rating. The Ba1 rating of the senior secured term loan, the
Ba2 rating of the senior secured notes and the Ba3 rating of the
senior unsecured notes was also affirmed. Moody's also upgraded the
company's speculative grade liquidity rating to SGL-1 from SGL-2.

"Sally's operating performance was better than expected during the
pandemic as it quickly pivoted to online sales when its stores were
temporarily closed and its concentration in a somewhat less
discretionary hair products helped with overall consumer demand",
Moody's Vice President Mickey Chadha stated. "Governance is a also
key ratings driver of the change in outlook to stable as the
company's financial strategies have been prudent reflected by its
meaningful debt repayment and very good liquidity," Chadha further
stated. The upgrade to SGL-1 reflects Sally's improved liquidity
from improved free cash flow, higher cash balances and an undrawn
$500 million asset based revolving credit facility.

Upgrades:

Issuer: Sally Holdings LLC

Speculative Grade Liquidity Rating, Upgraded to SGL-1 from SGL-2

Affirmations:

Issuer: Sally Holdings LLC

Corporate Family Rating, Affirmed Ba2

Senior Secured Bank Credit Facility, Affirmed Ba1 (LGD2 from
LGD3)

Senior Secured 2nd Lien Regular Bond/Debenture, Affirmed Ba2 (LGD3
from LGD4)

Senior Unsecured Regular Bond/Debenture, Affirmed Ba3 (LGD5)

Outlook Actions:

Issuer: Sally Holdings LLC

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

Sally Holdings LLC's Ba2 corporate family rating reflects its solid
market position, in terms of units, in the professional beauty
supply market, typically steady performance through economic
cycles, geographic diversity, and strong merchandising focus which
has historically benefitted the company's margins. Prior to the
COVID-19 crisis, credit metrics were solid, with lease adjusted
debt/EBITDAR of about 2.8 times at the end of December 2019. Credit
metrics deteriorated in 2020 with leverage peaking at 4.8 times at
the end of June 2020 due to the pandemic related temporary store
closures. However, the company performed better than expected due
to increasing e-commerce penetration and the strength of customer
loyalty to its proprietary brands. Governance is a key rating
factor as the company's financial policies support a prudently
managed balance sheet as reflected by its voluntary debt
repayments. Sally Holdings repaid the $395 million it had drawn
down under its revolver as an abundance of caution during the peak
of the pandemic and it has also repaid its fixed rate term loan and
its 2023 notes in full using its significant cash balances. The
company also suspended share repurchases indefinitely and cut costs
where possible. Leverage has therefore improved to 4.0 times at the
end of December 2020 and Moody's expects leverage to decline
further to around 3.5x in 2021. Sally has no near term maturities
with the earliest being the ABL revolving credit facility in July
2022. The rating is constrained by continued challenging business
environment, high debt load and continued need to execute its
business transformation plans.

The stable outlook reflects Moody's expectation that credit metrics
will not deteriorate from current levels and company will continue
to implement strategies to improve top line results. The outlook
takes into account that the company will maintain a disciplined
approach to shareholder returns and acquisitions.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Ratings could be upgraded with consistent revenue growth and margin
expansion, increased global scale including improving the
positioning of its e-commerce business, and willingness to maintain
adjusted debt to EBITDA below 3.5 times and retained cash
flow-to-net debt above 20%.

Ratings could be downgraded if operating performance were to
sustainably weaken, financial policies were to become more
aggressive, or the company is unable to maintain at least good
liquidity. Specific metrics that could lead to a downgrade include
adjusted debt to EBITDA sustained above 4.5, or adjusted interest
coverage below 3.0 times or retained cash flow-to-net debt below
15%.

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

Sally Beauty Holdings, Inc. is an international specialty retailer
and distributor of professional beauty supplies with revenues of
approximately $3.5 billion for the LTM period ended 12/30/20.
Through the Sally Beauty Supply and Beauty Systems Group
businesses, the Company sells and distributes through 5,072 stores,
including 157 franchised units, and has operations throughout the
United States, Puerto Rico, Canada, Mexico, Chile, Peru, the United
Kingdom, Ireland, Belgium, France, the Netherlands, Spain and
Germany.


SAVE ON COST: Revised Plan Sets Aug. 15 Deadline to Refinance
-------------------------------------------------------------
Save On Cost Manufacturing, LLC, submitted an Amended Disclosure
Statement explaining its Chapter 11 Plan.

This is a reorganizing plan.  In other words, SOCM proposes to
restructure its debts through the Plan and accomplish payments
under the Plan with funds generated through a refinance loan(s)
and, if necessary, contributions to be made by No Keun Kwak, SOCM's
sole member.

SOCM shall have until Aug. 15, 2021, to complete a refinance, and
satisfy the claims of all allowed claimants.  If SOCM is unable to
timely complete a refinance, the Plan will convert to a liquidating
plan and SOCM shall have until March 15, 2022, to sell the
Bellflower Property, unless extended by the Court for good cause
shown.  The Effective Date of the Plan is 30 days following entry
of a final order confirming the Plan and refinance of the
Bellflower Marketplace loan (by August 15, 2021) or sale of the
Bellflower Marketplace (by March 15, 2022).

The Plan will treat claims as follows:

    * Class 5 - Secured claim of BC1 Bellflower, LLC totaling
$2,850,000 bearing an interest rate of 9% (contract rate); 16%
(default rate).  The allowed secured claim of BC1 Bellflower, LLC
in the amount of approximately $2,850,000 as of the Petition Date
will be paid in full, which payment will include accrued interest
at the rate determined by the Court, in one lump sum, less the
Section 362(d)(3) monthly payments that SOCM commenced making on
April 5, 2021 of between $18,750 to $19,375 per month.  The source
of the payment will be the net monthly income from operation of
SOCM's business, contributions by No Keun Kwak, if necessary, and a
refinance loan or the sale of the Bellflower Marketplace -- in the
event a refinance loan cannot be obtained by August 15, 2021. Class
5 is impaired.

    * Class 6 General unsecured claims totaling $21,699.  General
unsecured creditors, Class 4 Claimants, will receive a dividend of
100% of their claims paid in a lump sum. The source of the payment
will be the net monthly income from operation of SOCM's business,
and a refinance loan or the sale of the Bellflower Marketplace - in
the event a refinance loan cannot be obtained by August 15, 2021

The Plan will be funded by the following: (a) a refinance loan;
and, if necessary, (b) contributions to be made by No Keun Kwak,
SOCM's sole member.5 If SOCM is unable to timely complete a
refinance, SOCM will sell the Bellflower Marketplace.

General Insolvency Counsel for the Debtor:

     RAYMOND H. AVER
     LAW OFFICES OF RAYMOND H. AVER
     A Professional Corporation
     10801 National Boulevard, Suite 100
     Los Angeles, California 90064
     Telephone: (310) 571-3511
     E-mail: ray@averlaw.com

A copy of the Amended Disclosure Statement is available at
https://bit.ly/3gruvO9 from PacerMonitor.com.

               About Save On Cost Manufacturing

Save on Cost Manufacturing, LLC, filed a voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal.
Case No. 21-10057) on Jan. 5, 2021.  Jae Sung Kwak, co-manager,
signed the petition.  At the time of filing, the Debtor disclosed
$1 million to $10 million in both assets and liabilities.  Judge
Barry Russell oversees the case.  Law Offices of Raymond H. Aver, A
Professional Corporation, serves as the Debtor's counsel.


SCWORZ CORP: Delays Filing of 2020 Annual Report
------------------------------------------------
SCWorx Corp. filed a Form 12b-25 with the Securities and Exchange
Commission notifying the delay in the filing of its Annual Report
on Form 10-K for the year ended Dec. 31, 2020.  The Company was not
able to complete the Form 10-K within the prescribed time period
because it has not yet been able to complete the review of its Dec.
31, 2020 financial statements.  The Company undertakes the
responsibility to file such Annual report no later than 15 calendar
days after its original due date.

For the year ended Dec. 31, 2020, the Company estimates that it
will incur (all numbers approximate) a loss from operations of $7.3
million, compared to an $11.9 loss from operations during 2019.
The $4.5 million decrease in loss from operations was due primarily
to a $4 million decrease in general and administrative expenses and
a $600,000 increase in gross profit, with no significant change in
revenue.  Because the company's financial statements have not yet
been finalized, these amounts are subject to change.

                         About Scworx Corp.

New York-based Scworx Corp. -- www.SCWorx.com -- is a provider of
data content and services related to the repair, normalization and
interoperability of information for healthcare providers, as well
as big data analytics for the healthcare industry.  SCWorx has
developed and markets health care information technology solutions
and associated services that improve healthcare processes and
information flow within hospitals and other healthcare facilities.

SCWorx reported a net loss of $11.31 million for the year ended
Dec. 31, 2019, compared to a net loss of $380,603 for the year
ended Dec. 31, 2018.

East Brunswick, NJ-based WithumSmith+Brown, PC, the Company's
auditor since 2018, issued a "going concern" qualification in its
report dated June 12, 2020, citing that the Company has suffered
recurring losses from operations, has negative cash flows from
operations, and has an accumulated deficit, that raise substantial
doubt about its ability to continue as a going concern.


SDI PROPERTIES: Trustee Hires Cenmar as Property Manager, Broker
----------------------------------------------------------------
Patricia Jefferson, the Chapter 11 trustee for SDI Properties, LLC,
seeks approval from the U.S. Bankruptcy Court for the District of
Maryland to employ Cenmar Management, LLC.

The Debtor needs assistance of the firm to manage its real
properties in the City of Baltimore that are currently rented by
tenants, and oversee the liquidation and sale of its properties
that have not been foreclosed on.

Cenmar will receive a fixed fee of 5 percent broker commission per
unit sold, with a minimum floor of $2,000 per unit sold.  For
management services rendered, the firm will receive a flat fee of
$300 per unit.

CenMar and its members and associates do not hold or represent any
interest adverse to the Debtor's bankruptcy estate, according to
court filings.

The firm can be reached through:

     Joe Sachetti
     Cenmar Management, LLC
     3500 Boston Street, Suite C
     Baltimore, MD 21224   
     Phone: (443) 776-8470

                       About SDI Properties

SDI Properties, LLC filed a petition under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 20-20650) on Dec. 8, 2020.
In the petition signed by Trevor Sie-Duke, managing member, the
Debtor was estimated to have $1 million to $10 million in assets
and $10 million to $50 million in liabilities.

Judge Lori S. Simpson oversees the case.

The Debtor tapped the Law Offices of Richard B. Rosenblatt, PC as
its legal counsel and Gabriel Wureh, an accountant practicing in
Bowie, Md.

Patricia B. Jefferson is the Chapter 11 trustee appointed in the
Debtor's bankruptcy case.  The trustee tapped Miles & Stockbridge
P.C. as his legal counsel and Larry Strauss, ESQ, CPA & Associates
Inc. as his accountant and tax advisor.


SERTA SIMMONS: S&P Downgrades ICR to 'SD' on Distressed Exchange
----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
Serta Simmons Bedding LLC to 'SD' (selective default) from 'CC'.
S&P lowered its rating on the company's second-lien term loan to
'D' from 'C'.

The ratings on the remaining debt tranches remain on CreditWatch
with negative implications, including the 'B+' rating on the $200
million first-out super-priority term loan due 2023, the 'B' rating
on the $851 million second-out super-priority debt due in 2023, and
the 'CCC-' rating on the $884 million outstanding first-lien term
loan due 2023. The recovery ratings remain '1+', '1', and '6',
respectively.

The downgrade reflects Serta's completion of a tender offer for its
second-lien term loan due 2024, at $0.60 on the dollar. S&P said,
"We view this transaction as a distressed restructuring because the
capital structure is unsustainable and the company is paying well
below par value for the debt. We expect to reevaluate our issuer
credit rating on Serta within the next few days, and will likely
upgrade the company to 'CCC'. Our expectation for the 'CCC' rating
reflects the potential for further debt restructuring over the next
12 months given Serta's record of such transactions. We continue to
expect the company to maintain adequate liquidity and have sources
of liquidity in excess of uses by at least 1.2x. Simultaneously
with the change in the issuer credit rating, we will also resolve
our CreditWatch listing on the remaining debt tranches."



SHELTON BROTHERS: April 30 Hearing on Bid Procedures for All Assets
-------------------------------------------------------------------
Judge Elizabeth D. Katz of the U.S. Bankruptcy Court for the
District of Massachusetts continued the hearing set for April 15,
2021, at 2:00 p.m. to consider Shelton Brothers, Inc.'s bidding
procedures in connection with the sale of substantially all assets
of Progressive Distribution, LLC to Michael Merrifield, or his
nominee for $400,000, subject to overbid, to April 30, 2021, at
11:30 a.m.

The continued hearing will be conducted telephonically.  Parties
may participate by dialing (888) 363-4734, and entering access code
496 4809 when prompted.  Any request for a continuance must be made
by written motion filed and served at least one business day prior
to the hearing date.  

The Debtor's use of cash collateral is continued under the same
terms and conditions through April 30, 2021.

                   About Shelton Brothers, Inc.

Shelton Brothers, Inc. is a beer importing and distributing
company
located in Belchertown, Mass.  Shelton Brothers filed a voluntary
petition under the provisions of Chapter 11 of the Bankruptcy Code
(Bankr. D. Mass. Case No. 20-30606) on Dec. 18, 2020. In the
petition signed by Daniel W. Shelton, president, the Debtor
disclosed between $1 million to $10 million in both assets and
liabilities.  

Judge Elizabeth D. Katz oversees the case.

Andrea M. O'Connor, Esq., at Fitzgerald Attorneys at Law, P.C.,
represents the Debtor as counsel.



SINO-GLOBAL: To Launch NFT Exchange With CyberMiles
---------------------------------------------------
Sino-Global Shipping America, Ltd. will launch a new exchange for
NFTs (non-fungible tokens) in collaboration with e-commerce public
chain CyberMiles.  The new NFT exchange will serve as a
highly-secure, robust platform for collectors, artists, musicians
and investors to create, sell and buy one of a kind, digital
content represented as NFTs.  The companies expect to officially
launch their new NFT platform in July 2021, providing a critical
link between the virtual blockchain world and the physical world.

Mr. Lei Cao, chief executive officer of Sino-Global, commented,
"NFT is driving the next wave of cryptocurrency adoption, making it
a natural extension of Sino-Global's ongoing diversification and
recent investments in the rapidly growing cryptocurrency market.
NFT has become one of the most important basic application
technologies in the process of social information digitization by
enabling the monetization of digital products.  We believe NFT and
the blockchain that provides the basic technology for it will have
a profound and irreversible impact on the transformation from the
form of artwork circulation and the transformation of value
concepts to the social identity, collaboration and distribution
system."

Mr. Cao continued, "We will continue to strategically invest in
growth opportunities that will drive our success over the coming
years, as markets, commerce and currencies evolve to meet consumer
demands, while working to further accelerate our growth through
cooperations with proven partners, like CyberMiles."

NFT is a global asset system fundamentally built on blockchain
technology, ensuring ownership of digital products, scarcity and
creative value.  The first version of the protocol ERC721 dates
back to September 2017 and it became the first used in blockchain
game scenarios.  The Sino-Global/CyberMiles NFT platform will be
based on the CyberMiles team's years of technical experience and
the powerful, high-performance CyberMiles public chain.  The new
NFT platform is designed to become a continuous optimization
iteration, along with the development of NFT and blockchain, into a
symbiotic self-driving growth relationship.

                    About Sino-Global Shipping

Founded in the United States in 2001, Sino-Global Shipping America,
Ltd. -- www.sino-global.net -- has been diversifying into the fast
growing cryptocurrency and NFT (non-fungible tokens) markets, while
continuing to support and grow its core shipping, chartering,
logistics and related services business.  Headquartered in New
York, Sino-Global has offices in Los Angeles, Mainland China,
Australia, Canada and Hong Kong.

Sino-Global reported a net loss attributable to the Company of
$16.45 million for the year ended June 30, 2020, compared to a net
loss attributable to the Company of $6.53 million for the year
ended June 30, 2019.

New York, New York-based Friedman LLP, the Company's auditor since
2007, issued a "going concern" qualification in its report dated
Oct. 13, 2020, citing that the Company had incurred significant
working capital deficiency, recurring losses from operations and
accumulated deficit at June 30, 2020.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


SOTHERLY HOTELS: Swings to $53.7 Million Net Loss in 2020
---------------------------------------------------------
Sotherly Hotels Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$53.68 million on $71.50 million of total revenue for the year
ended Dec. 31, 2020, compared to net income of $1.17 million on
$185.79 million of total revenue for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $473.03 million in total
assets, $428.83 million in total liabilities, and $44.20 million in
total equity.

Richmond, Virginia-based Dixon Hughes Goodman LLP, the Company's
auditor since 2016, issued a "going concern" qualification in its
report dated March 24, 2021, citing that COVID-19 has had a
significant negative impact on the Company's operations and
financial results, including substantial decline in revenues,
profitability and cash flows which creates uncertainty in the
ability to satisfy financial covenants related to certain of the
Company's mortgage loans and meet its contractual obligations to
repay those loans.  These conditions raise substantial doubt about
the Company's ability to continue as a going concern.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1301236/000156459021015129/soho-10k_20201231.htm

                       About Sotherly Hotels

Sotherly Hotels Inc. -- http://www.sotherlyhotels.com- is a
self-managed and self-administered lodging REIT incorporated in
Maryland in August 2004 to pursue opportunities in the
full-service, primarily upscale and upper-upscale segments of the
hotel industry located in primary and secondary markets in the
mid-Atlantic and southern United States.


SPARTA US: Moody's Assigns First Time B1 Corp Family Rating
-----------------------------------------------------------
Moody's Investors Service has assigned first-time ratings to Sparta
U.S. HoldCo LLC (dba PQ Performance Chemicals) including a B1
Corporate Family Rating and B1-PD Probability of Default Rating.
Moody's also assigned B1 ratings to the company's proposed first
lien credit facility, consisting of a $125 million revolving credit
facility maturing 2026 and $750 million term loan due 2028.
Proceeds from the first lien term loan, in addition to a $400
million equity contribution from the sponsors, Cerberus Capital
Management L.P. and Koch Minerals & Trading, LLC, will be applied
to the total purchase price of approximately $1.1 billion,
including transaction and financing fees as well as funding a
sizable cash balance. The outlook is stable.

The ratings are subject to the deal closing as proposed and the
receipt and review of the final documentation.

"The B1 rating reflects its strong market positions in several key
markets for silicates and specialty silicas as well as good
geographic diversity offset by leverage that is lower than most
private equity transactions and solid margins, but it still suffers
from a modest size and limited product diversity," said Domenick R.
Fumai, Moody's Vice President and lead analyst for Sparta U.S.
HoldCo LLC.

Assignments:

Issuer: Sparta U.S. HoldCo LLC

Corporate Family Rating, Assigned B1

Probability of Default Rating, Assigned B1-PD

Senior Secured First Lien Term Loan, Assigned B1 (LGD3)

Senior Secured First Lien Revolving Credit Facility, Assigned B1
(LGD3)

Outlook Actions:

Issuer: Sparta U.S. HoldCo LLC

Outlook, Assigned Stable

RATINGS RATIONALE

PQ Performance Chemicals' B1 CFR reflects the company's leading
industry positions in silicates, especially in North America, where
it is estimated to have over 50% market share, spray dry silicates,
silica gels and zeolites. Further supporting the rating is good
geographic diversity with a global manufacturing footprint that
ensures the ability to supply customers in a timely and
cost-efficient manner. For its silicates products, competition is
limited by transportation costs, which can be a meaningful expense
for the delivered product. PQ Performance Chemicals' end market
diversification and leading market positions contribute to
relatively stable operating performance throughout economic cycles
that should enable the company to operate with initial financial
leverage that Moody's projects to be in the low-5x area in FY 2021
declining towards 5.0x in FY 2022. The rating also incorporates
strong technical expertise, fairly significant barriers to entry
given the capital investment and qualification requirements of
customers and long-term customer relationships with a number of
well-known brand names.

PQ Performance Chemicals' B1 rating is constrained by its lack of
scale as a number of key competitors are much larger and more
highly rated. In addition, the rating is mitigated by limited
product diversity and narrow business profile as the company's main
products are largely silicates and silicate derivatives, which
operate in fairly mature markets with low organic growth rates.
While PQ Performance Chemicals has very good end market diversity,
there is significant concentration with the detergent and
institutional and industrial cleaning markets accounting for 23% of
sales. Moody's also believes that while Cerberus and Koch offer
operational capabilities and potential cost savings on raw
materials and logistics, this benefit is offset by initial costs
and carve-out risk as PQ Performance Chemicals becomes a
stand-alone entity. The sizable initial cash balance combined with
consistent free cash flow generation and flexibility under the
credit facilities indicate that the company will focus on
acquisitions rather than taking out dividends. The rating assumes
that the company will pursue bolt-on acquisitions to add
complementary products to boost market share outside of North
America.

PQ Performance Chemicals has a good liquidity profile and Moody's
expects the company to maintain over the next 12 months. Pro forma
for the financing, the company will have cash on the balance sheet
of more than $75 million and full availability under its $125
million revolving credit facility. Moody's also expects the company
to generate annual free cash flow in excess of $20 million over the
next several years, which should further enhance its liquidity
profile.

The B1 rating on the senior secured credit facilities reflects
their senior position in the capital structure. The first lien term
loan is secured by a first lien on the assets of the borrower and
guarantors, which include domestic subsidiaries and stock pledges
in foreign subsidiaries. The proposed first lien term loan is not
expected to contain financial maintenance covenants while the
proposed revolving credit facility will contain a springing maximum
first lien leverage ratio that will be tested when the revolver is
more than 35% drawn at the end of the quarter.

The new credit facilities are expected to provide covenant
flexibility that could adversely impact creditors including an
uncommitted incremental first lien facility amount not to exceed
the greater of $158 million and 100% consolidated EBITDA, plus an
unlimited amount subject to a first lien net leverage ratio that
does not exceed the first lien net leverage ratio on the closing
date, (for pari passu senior secured debt). Amounts up to $158
million and 100% of consolidated EBITDA may be incurred with an
earlier maturity date than the initial term loans. Only domestic
wholly-owned subsidiaries must provide guarantees, raising the risk
of potential guarantee release; partial dividends of ownership
interests could jeopardize guarantees with no explicit protective
provisions limiting such guarantee releases. Collateral leakage is
permitted through transfers of assets to unrestricted subsidiaries
subject to carve-out capacity; there are no additional express
"blocker" provisions restricting such transfer of specified assets
to unrestricted subsidiaries.

ESG CONSIDERATIONS

Environmental, social and governance factors are relevant to the
credit profile but are not key drivers of the rating. As a
specialty chemicals company, environmental risks are categorized as
moderate. PQ Performance Chemicals has a strong focus on
sustainability as many of their products and innovations in end
markets such as personal care, coatings and tires are geared
towards becoming more environmentally friendly, improving safety
and increasing energy efficiency. The company does not currently
have any substantial litigation or remediation related to
environmental issues. The major raw materials used in production
includes silica derivatives from sand and soda ash, which are not
harmful to the environment. Social risk is below-average as a
number of the company's products and projects have favorable health
and safety trends. For example, the company is developing zeolite
technologies that help eliminate health risks associated with lead
in PVC stabilization and replace phosphates in detergents that are
harmful to both people and the environment. Governance risks are
elevated due to private ownership, which includes a board of
directors with minority representation by independent directors, a
financial policy that includes elevated leverage and reduced
financial disclosure requirements.

The rating outlook is stable as the sponsors have capitalized the
company on a relatively conservative basis ensuring solid credit
metrics, but the company's small size and lack of product diversity
limit future upside to the rating.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

A rating upgrade would require Debt/EBITDA, including Moody's
standard adjustments, to be sustained below 4.0x and the private
equity sponsors demonstrated commitment to financial policies that
maintain leverage at or below that level, an increase in scale to
over $1 billion in revenue, improved product diversity, and for
free cash flow to remain consistently positive. Moody's would
likely consider a downgrade if Debt/EBITDA is sustained above 5.5x,
if free cash flow is persistently negative, if there is a
significant deterioration in liquidity, a large debt-financed
acquisition or large dividend to the sponsors.

The principal methodology used in these ratings was Chemical
Industry published in March 2019.

PQ Performance Chemicals, headquartered in Malvern, PA., is a
leading global producer of silicates, specialty silicas and
zeolites that have applications in diverse end markets such as
personal care, industrial cleaning products, food & beverage and
catalysts. The company is a carve-out from PQ Group Holdings Inc.
and on March 1, 2021, a partnership of Cerberus Capital Management,
L.P. and Koch Minerals & Trading, LLC announced a definitive
agreement to acquire Performance Chemicals for a total purchase
price of approximately $1.1 billion. The company generated pro
forma revenue of approximately $610 million in the fiscal year
ending December 31, 2020.


SPHERE 3D: Incurs US$5.8 Million Net Loss in 2020
-------------------------------------------------
Sphere 3D Corp filed with the Securities and Exchange Commission
its Annual Report on Form 20-F disclosing a net loss of US$5.78
million on US$4.85 million of revenue for the year ended Dec. 31,
2020, compared to a net loss of US$4.28 million on US$5.58 million
of revenue for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had US$11.83 million in total
assets, US$6.82 million in total liabilities, and US$5.01 million
in total shareholders' equity.

Vancouver, Canada-based Smythe LLP, the Company's auditor since
2019, issued a "going concern" qualification in its report dated
April 8, 2021, citing that the Company has suffered recurring
losses from operations, has a net working capital deficiency, and
may not be able to amend, refinance, or pay off its debt and credit
facilities, that raise substantial doubt about its ability to
continue as a going concern.

A full-text copy of the Form 20-F is available for free at:

https://www.sec.gov/ix?doc=/Archives/edgar/data/1591956/000159195621000010/any-20201231.htm

                           About Sphere 3D

Headquartered in Ontario, Canada, Sphere 3D -- www.sphere3d.com --
provides solutions for stand-alone storage and technologies that
converge the traditional silos of compute, storage and network into
one integrated hyper-converged or converged solution.  The Company
provides enterprise storage management solutions, and the ability
to connect to public cloud services such as Microsoft Azure for
additional delivery options and hybrid cloud capabilities.  Its
integrated solutions include a patented portfolio for operating
systems for storage, proprietary virtual desktop orchestration
software, and proprietary application container software.


SPURLOWS ARCHERY: Gets Interim Access to Cash Collateral
--------------------------------------------------------
Judge Roberta A. Colton approved the request of Spurlows Archery
Pro Shop, LLC, to use cash collateral on an interim basis to pay
amounts expressly authorized by the Court, including payments to
the United States Trustee for quarterly fees, the current and
necessary expenses specified in the budget (plus up to 10%
allowance per line item), and other amounts that may be approved in
writing by the secured creditors.

The secured creditors having interest in the cash collateral
include Corporation Service Company, as Representative (Global
Factors LLC), Corporation Service Company, as Representative (Vader
Mountain Funding), NanoFlex Capital, Last Chance Funding Inc., and
U.S. Small Business Administration.

Judge Colton ruled that the secured creditors shall have
automatically perfected post-petition liens against cash collateral
to the same extent and with the same validity and priority as their
prepetition liens.

A continued hearing on the motion is set for June 17, 2021 at 11
a.m. by telephone through Court Solutions at
www.court-solutions.com.

A copy of the order is available free of charge at
https://bit.ly/32nraYh from PacerMonitor.com.

                   About Spurlows Archery Pro Shop

Spurlows Archery Pro Shop, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 20-05340) on July
13, 2020, listing under $1 million in both assets and liabilities.
The Debtor has tapped Buddy D. Ford, P.A. as its legal counsel and
A+ Accounting & Tax as its accountant.



STANLEY C. CHESTNUT: $215K Sale of Princeton Parcel to Allen Okayed
-------------------------------------------------------------------
Judge Joseph N. Callaway of the U.S. Bankruptcy Court for the
Eastern District of North Carolina authorized Stanley Claxton
Chestnut's private sale of the fee simple one parcel of real estate
described as 284 E. Evans Road, Tract 6, Princeton, North Carolina,
NC PIN: 2661148193, consisting of a mobile home on 20.3 acres, more
or less, and being more particularly described in that deed
recorded Book 1126, Page 425, Wayne County Registry, to Donnie Gene
Allen, doing business as Allen Court Manor Mobile Home Park, LLC,
for $215,000.

The sale is free and clear of all liens, claims, encumbrances,
rights, and interests of record, and all valid and enforceable
liens, claims, and interests in the Property will attach to the Net
Sales Proceeds.
  
Beth Hines, the real estate agent, is allowed reasonable and
necessary compensation from the gross sales proceeds in the amount
of $10,750 to be paid at closing, along with other reasonable and
customary closing costs attributable to the Seller.

The Debtor is authorized to execute such documents and instruments
as necessary to effectuate the sale.

The Buyer will not have any responsibility for any liabilities or
obligations of the Debtor, whether in rem or in personam.

Stanley Claxton Chestnut sought Chapter 11 protection (Bankr. E.D.
N.C. Case No. 19-00698) on Feb. 15, 2019.  The Debtor tapped David
F. Mills, Esq., as counsel.  On March 13, 2020, the Court confirmed
Debtorā€™s Chapter 11 Plan.



STONEMAR INC: Moody's Hikes CFR to 'B3' & Rates Secured Notes 'B3'
------------------------------------------------------------------
Moody's Investors Service upgraded StoneMor Inc.'s Corporate Family
Rating to B3 from Caa1 and upgraded the Probability of Default
Rating to B3-PD from Caa2-PD. Moody's assigned a B3 rating to
StoneMor's proposed senior secured notes due 2029. The Speculative
Grade Liquidity rating was upgraded to SGL-2, indicating good
liquidity. The outlook remains stable.

Net proceeds from the new $400 million senior secured notes will be
used to fully repay StoneMor's existing senior secured notes due
2024, pay associated transaction fees and expenses, and to add cash
to the balance sheet. The company is also expected to enter into a
new $40 million super senior secured revolving credit facility (not
rated) after the closing of the bond offering, which is expected to
be undrawn at close. The existing rating for the existing senior
secured notes due 2024 will be withdrawn once repaid.

The upgrade of StoneMor's CFR to B3 reflects the company's
continued improvements in operating performance driven by increased
sales productivity and successful cost-cutting measures resulting
in at least $50 million of run-rate savings. The increase in
at-need sales production is also driven in part by a high volume of
coronavirus-related deaths, which Moody's views as a social risk
under its ESG framework. The upgrade also reflects the extension of
the company's debt maturity profile in connection with the proposed
refinancing, which pushes the next debt maturity to 2029. The
refinancing is also expected to reduce the interest rate on debt
and increase StoneMor's financial flexibility with less restrictive
covenants. However, the increased debt from the refinancing
increases StoneMor's leverage, resulting in pro-forma debt to
accrual EBITDA estimated to be around 5.8x as of FYE20. Moody's
expects that StoneMor's increased liquidity position will be used
to make strategic acquisitions to increase scale and grow
profitability. The upgrade also reflects Moody's expectation that
debt to accrual EBITDA will decrease below 5.5x by no later than
mid-2022.

Upgrades:

Issuer: StoneMor Inc.

Corporate Family Rating, Upgraded to B3 from Caa1

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

Speculative Grade Liquidity Rating, Upgraded to SGL-2 from SGL-3

Assignments:

Issuer: StoneMor Inc.

Senior Secured Regular Bond/Debenture, Assigned B3 (LGD3)

Outlook Actions:

Issuer: StoneMor Inc.

Outlook, Remains Stable

The assigned rating is subject to review of final documentation and
no material change to the size, terms and conditions of the
transaction as advised to Moody's.

RATINGS RATIONALE

The B3 CFR reflects Moody's expectation for improved operational
and financial performance in 2021, leading to improved credit
metrics on an accrual basis for the full year. Moody's anticipates
debt to accrual EBITDA (reflecting Moody's standard adjustments, as
well as adding deferred revenues and deducting deferred expenses)
of about 5.6x and accrual EBITDA less capital expenditures to
interest expense of about 1.9x. However, financial leverage and
interest coverage without adjusting for deferrals are expected to
remain weak for the next 12 to 18 months. Moody's expects free cash
flow will be positive in 2021, driven by profit margin expansion
from cost containment measures adopted in 2020 and stabilized
pre-need and at-need contract sales. The rating is supported by a
national portfolio of cemetery properties and an over $900 million
backlog of pre-need cemetery and funeral sales. StoneMor is
controlled by a private financial sponsor affiliate, so Moody's
anticipates aggressive financial strategies, including the use of
free cash flow and debt proceeds to fund acquisitions and
shareholder returns.

The rapid and wide spread of the coronavirus pandemic and weak
global economic outlook created severe and extensive credit shocks
across many sectors, regions and markets. Moody's regards the
coronavirus pandemic as a social risk under its ESG framework. High
volumes of coronavirus-related deaths across the country have
contributed to a meaningful increase in StoneMor's at-need sales
production, resulting in improved operating earnings and cash
flow.

The upgrade of the PDR by two notches to B3-PD from Caa2-PD
reflects an expected family recovery rate of 50%, StoneMor's more
diversified post-financing capital structure, and Moody's belief
that default risk has declined substantially. The B3 rating on the
new senior secured notes due 2029 reflects the B3-PD PDR and an LGD
assessment of LGD3, indicating its junior position in Moody's
priority of claims at default relative to the expected new $40
million super senior secured revolving credit facility (not
rated).

The SGL-2 Speculative Grade Liquidity rating reflects StoneMor's
good liquidity profile, featuring $39 million of unrestricted cash
as of December 31, 2020 and a fully available $40 million revolver
from the proposed transaction. There are no material debt
maturities over the next 12 to 18 months. Moody's expects StoneMor
to generate positive free cash flow in 2021.

The stable outlook reflects Moody's expectations for margin
improvements and a stabilized revenue base, resulting in debt to
accrual EBITDA decreasing below 5.5x by no later than mid-2022.
Moody's also expects StoneMor to maintain good liquidity.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings could be upgraded if Moody's anticipates: 1) continued
improvement in profitability resulting in a sustained reduction in
GAAP financial leverage, and 2) free cash flow to debt sustained
above 5%.

The ratings could be downgraded if Moody's expects: 1) debt to
accrual EBITDA sustained below 5.5x,) a decline in the value of
StoneMor's assets, including its preneed cemetery sales backlog, 3)
liquidity to deteriorate or 4) more aggressive financial
strategies.

StoneMor Inc. (NYSE: STON), based in Trevose, PA and controlled by
affiliates of Axar Capital Management L.P., is a provider of
funeral and cemetery products and services in the United States and
Puerto Rico. StoneMor operates 304 cemeteries and 70 funeral homes.
The company owns 283 of these cemeteries and operates the remaining
30 under long-term management agreements with non-profit cemetery
corporations that own the cemeteries. StoneMor booked GAAP revenues
of nearly $280 million in 2020.

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


STONEMOR INC: S&P Assigns 'CCC' Rating on Proposed Notes
--------------------------------------------------------
S&P Global Ratings assigned its 'CCC' issue-level rating and '3'
recovery rating to the proposed notes issued by StoneMor Inc.
(STON). At the same time, S&P placed all of its ratings on the
company on CreditWatch with positive implications. The '3' recovery
rating on the proposed notes indicates its expectation for
meaningful (50%-70%; rounded estimate: 55%) recovery in the event
of a default.

S&P said, "We will resolve the CreditWatch when the transaction
closes. At that time, we could raise our issuer credit rating on
STON by one notch to 'CCC+' if it refinances its existing PIK notes
with covenant-lite senior notes, alleviating our previous concerns
about its covenant compliance. If we raise the issuer credit rating
to 'CCC+', we would also raise our issue-level rating on the
proposed notes to 'CCC+'."

The CreditWatch placement follows STON's proposal to refinance its
exiting PIK notes with covenant-lite senior secured notes and place
a new super senior revolver.

S&P said, "We expect to resolve the CreditWatch when the
transaction closes. At that time, we could raise our issuer credit
rating on STON and our issue-level rating on the proposed notes to
'CCC+' if the company refinances its existing PIK notes with
covenant-lite senior notes, which would alleviate our previous
concerns about its covenant compliance."



STUDIO MOVIE GRILL: Successfully Emerges From Chapter 11 Bankruptcy
-------------------------------------------------------------------
Catherine Leffert of Dallas Business Journal reports that Studio
Movie Grill said April 21, 2021 that it has exited bankruptcy,
after filing for Chapter 11 bankruptcy in October due to effects of
the COVID-19 pandemic.

In its Wednesday, April 21, 2021, announcement, the Dallas-based,
dine-in movie theater chain said that as it emerges from
bankruptcy, it's still operating 17 locations in five states, with
plans to open two more in other states in the next six weeks.  It
operated 34 locations in 10 states prior to the pandemic.  The
company will also complete construction later this year on a
14-screen location in Georgia.

Additionally, CFO/COO Ted Croft, who's been at the company for a
decade, will take over as chief executive, replacing founder and
former CEO Brian Schultz.  According to the release, Croft has
secured funding for the theater's growth since 2011 and will now
lead its profitability and sustainability as CEO.

"This has been a challenging time for the industry and the brand,"
Mr. Croft said in a prepared statement.  "It's a testament to
Studio Movie Grill's founder, team members and our other
stakeholders, that we're standing here today delivering a
best-in-class experience to folks getting out of their homes and
safely back into theaters."

It announced in January its Plan of Reorganization, which was
approved at the end of March. The plan provided a creditors' trust
to manage liquidation of some assets and handle the company's $50
million of contingent and non-contingent general unsecured debt.
The petition for the bankruptcy was filed in the U.S. Bankruptcy
Court for the Northern District of Texas in Dallas.  At the time of
the filing, Studio Movie Grill listed assets between $50 million to
$100 million and liabilities between $100 million to $500 million.

Former CEO Schultz, who founded the company in 1993, told the
Business Journal in January that throughout the pandemic, Studio
Movie Grill was trying to survive, revive and thrive, which filing
for Chapter 11 facilitated.  He said earlier this 2021 that the
whole process was "an emotional rollercoaster," but necessary to
save more jobs and make the company more sustainable. Chapter 11
allowed the company to reset, especially as Hollywood studios
weren't releasing as many films, which decimated the industry,
Schultz said.

"I kept on holding out hope that more films were going to be
distributed," Schultz said.  "As more and more movies fell off the
schedule, it became inevitable.  Our decision was to file (for
bankruptcy) as early as possible so that we can emerge as quickly
as possible."

In 2020, domestic box office totals dropped more than 81 percent to
$2 billion from $11.3 billion in 2019. Year-to-date, 2021 totals
are already down 81 percent from 2020, and 87 percent from 2019.

Studio Movie Grill was advised by the Law Offices of Frank J.
Wright PLLC, CR3 Partners, EFA Partners and Keen-Summit Capital
Partners.  The company's lenders, affiliates of Goldman Sachs and
Crestline Investors, will provide debt financing in exchange for
equity in Studio Movie Grill. Those lenders were represented by
Vinson & Elkins LLP and Jones Day, respectively, and FTI Consulting
Inc.

                     About Studio Movie Grill

Studio Movie Grill and its affiliates operate a chain of movie
theatres that include full-service dining during the show. Studio
Movie Grill is based in Dallas and runs 33 theater-restaurants.

Studio Movie Grill Holdings, LLC, and its affiliates sought Chapter
11 protection (Bankr. N.D. Tex. Case No. 20-32633) on Oct. 23,
2020.  Studio Movie Grill was estimated to have $50 million to $100
million in assets and $100 million to $500 million in liabilities.

The Hon. Stacey G. Jernigan is the case judge.

The Law Offices of Frank J. Wright, PLLC, is the Debtors' counsel.
Donlin Recano is the claims agent.


SUNDANCE ENERGY: Prepackaged Plan Confirmed; Unsecureds Unimpaired
------------------------------------------------------------------
Judge David R. Jones has entered an order approving the Disclosure
Statement of Sundance Energy Inc., et al., and confirming the
Debtors' Plan.

Any and all objections to confirmation of the Plan are overruled.
The rights and objections of any party that properly filed and
served an objection to its applicable Cure Claim
Amountā€”including, for the avoidance of doubt, Mid-Coast Valve &
Equipment, Inc., d/b/a Coastal Valve & Equipment, Trio Equip.
Rental & Services, LLC, and South Texas Oilfield  Solutions, LLC --
are reserved with respect to such Cure Claim Amount.

The Plan is the result of extensive, good faith, arm's length
negotiations among the Debtors and their principal constituencies.

Holders of Prepetition RBL Claims in Class 4 and the Holders of
Prepetition Term Loan Claims in Class 5 have unanimously voted to
accept the Plan in accordance with section 1126(c) of the
Bankruptcy Code.

Sundance Energy Inc., et al., submitted a Joint Prepackaged Plan of
Reorganization.

The Plan will treat claims as follows:

    * Class 4 consists of the Prepetition RBL Claims totaling
$146,950,000.  Each Holder of an Allowed Prepetition RBL Claim that
votes to accept this Plan that is not otherwise a Non-Participating
RBL Lender shall receive its Pro Rata share of the loans and
commitments under the Exit RBL Facility, its Pro Rata share of the
loans under the Exit Second Out Term Loan Facility and its Pro Rata
share of the Cash Paydown.  Each Non-Participating RBL Lender shall
receive loans under the Exit Third Out Term Loan Facility in a
principal amount equal to the amount of such Holder's Allowed
Prepetition RBL Claim minus the amount of Cash Paydown received by
such Holder; and its Pro Rata share of the Cash Paydown.

    * Class 5 consists of the Prepetition Term Loan Claims totaling
$252,997,054.  Each Holder of an Allowed Class 5 Claim shall
receive its pro-rata share of the New Common Equity Interests Term
Loan Pool.  Class 5 is impaired.

    * Class 6 consists of the General Unsecured Claims and the PPP
Loan. Each Holder of an Allowed Class 6 Claim shall receive, if
such Allowed Class 6 Claim is due and payable on or before the
Effective Date, payment in full, in Cash, of the due and unpaid
portion of such Allowed Class 6 Claim on the Effective Date, if
such Allowed Class 6 Claim is not due and payable before the
Effective Date, payment in the ordinary course of business
consistent with past practices or such other treatment, as may be
agreed upon in writing by the Debtors or the Reorganized Debtors,
the Required Consenting Term Lenders, and the Holder of such
Allowed Class 6 Claim, such that the Allowed Class 6 Claim shall be
rendered Unimpaired.

    * Class 8 consists of the Old Parent Interests. On the
Effective Date, all Old Parent Interests shall be canceled.

All cash necessary for the Debtors or the Reorganized Debtors, as
applicable, to make payments required pursuant to this Plan will be
obtained from their respective Cash balances, including Cash from
operations, the DIP Facility, and the Exit Facilities.

Proposed Counsel for the Debtors:

     Timothy A. ("Tad") Davidson II
     Ashley L. Harper
     Philip M. Guffy
     HUNTON ANDREWS KURTH LLP
     600 Travis Street, Suite 4200
     Houston, Texas 77002
     Telephone: (713) 220-4200
     Facsimile: (713) 220-4285

     David A. Hammerman
     Keith A. Simon
     Annemarie V. Reilly
     Jeffrey T. Mispagel
     LATHAM & WATKINS LLP
     885 Third Avenue
     New York, New York 10022
     Telephone: (212) 906-1200
     Facsimile: (212) 751-4864

A copy of the Plan Confirmation Order dated April 19, 2021, is
available at https://bit.ly/2QKgdO1 from PacerMonitor.com.

                      About Sundance Energy

Sundance Energy Inc. -- http://www.sundanceenergy.net/-- is an
independent energy exploration and production company located in
Denver, Colorado. The Company is focused on the acquisition and
development of large, repeatable oil and natural gas resource plays
in North America.  Current activities are focused in the Eagle
Ford.

On March 9, 2021, Sundance Energy, Inc. and 3 affiliated debtors
each filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. S.D. Texas Lead Case No.
21-30882).  The Honorable David R. Jones is the case judge.

The Debtors tapped Latham & Watkins LLP and Hunton Andrews Kurth
LLP as counsel and Miller Buckfire & Co., LLC as investment banker;
and FTI Consulting Inc. as financial advisor. Prime Clerk LLC is
the claims agent.

Haynes & Boone LLP, and Opportune LLP advise Toronto Dominion
(Texas) LLC, which currently serves as successor administrative
agent under the Prepetition RBL Facility.

K&L Gates LLP, is counsel to ABN AMRO Capital USA, LLC. Luskin,
Stern & Eisler LLP, is counsel to Credit Agricole Corporate and
Investment Bank.

Morgan Stanley Capital Administrators, Inc., is advised by Simpson
Thacher & Bartlett LLP, Locke Lord LLP, and Houlihan Lokey Capital,
Inc.


SURGERY CENTER: Moody's Raises CFR to B3, Outlook Stable
--------------------------------------------------------
Moody's Investors Service upgraded the ratings of Surgery Center
Holdings, Inc. ("doing business as Surgery Partners") including the
Corporate Family Rating to B3 from Caa1, the Probability of Default
Rating to B3-PD from Caa1-PD, and the first lien senior secured
debt rating to B1 from B2. The unsecured notes were affirmed at
Caa2. The Speculative Grade Liquidity Rating was upgraded to SGL-1
(very good). The outlook is stable.

Surgery Partners intends to raise a $125 million Fungible
Incremental First Lien Term Loan to refinance the $119.1 million
Non-Fungible Add-on First Lien Term Loan, pay applicable fees and
transaction related fees. The refinancing is credit positive as it
will result in approximately $5 million of annual cash interest
savings.

The upgrade of the CFR to B3 reflects Surgery Partners' improved
operating performance and liquidity, after the significant
reduction in surgical case volume that occurred in 2020 related to
the coronavirus. In addition, the upgrade is supported by the
approximately $250 million equity raise completed by Surgery
Partners in February 2021. Moody's considers the equity raise to be
a positive governance factor, as the cash will be used to fund
future acquisitions, which will help Surgery Partners to de-lever
by adding incremental earnings. That said, Moody's expects that
leverage will remain very high and that free cash flow will
continue to be constrained by high fixed costs including interest,
capital expenditures and minority interest dividends.

The upgrade of the Speculative Grade Liquidity Rating to SGL-1
reflects Moody's expectation of very good liquidity over the next
12-18 months. Pro forma for the equity raise, the company has
approximately $567 million of cash and an undrawn $170 million
senior secured revolving credit facility. This will be more than
sufficient to fund cash burn of approximately $150 million in 2021
including distributions to minority interest holders, payment of
the $33 million Department of Justice (DOJ) settlement in the first
quarter of 2021, repayment of about $70 million of Medicare
accelerated payments (out of a total of $120 million received),
payment of approximately $21 million for a tax receivable agreement
and repayment of about $17 million in deferred social security
payroll taxes. Moody's expects free cash flow will remain negative
in 2022 as the company will need to repay the remaining $50 million
in advance Medicare payments.

The stable outlook reflects Moody's expectation that Surgery
Partners has strong liquidity to support its future growth
prospects and Moody's favorable view of the longer-term prospects
for ambulatory surgery centers.

Upgrades:

Issuer: Surgery Center Holdings, Inc.

Probability of Default Rating, Upgraded to B3-PD from Caa1-PD

Corporate Family Rating, Upgraded to B3 from Caa1

Senior Secured Bank Credit Facility, Upgraded to B1 (LGD2) from B2
(LGD2)

Speculative Grade Liquidity Rating upgraded to SGL-1 from SGL-2

Affirmations:

Issuer: Surgery Center Holdings, Inc.

Senior Unsecured Regular Bond/Debenture, Affirmed Caa2 (LGD5)

Outlook Actions:

Issuer: Surgery Center Holdings, Inc.

Outlook, Remains Stable

RATINGS RATIONALE

Surgery Partners' B3 Corporate Family Rating reflects its high
financial leverage, weak interest coverage and history of negative
free cash flow. Moody's estimates LTM December 31, 2020 Adjusted
Debt/EBITDA to be approximately 10.4x. Moody's is forecasting a
reduction in debt/EBITDA to around 7.5x by the end of 2022. This
will be driven by organic growth, recovery from coronavirus
headwinds and use of cash from the recent equity offering to fund
acquisitions that will improve overall leverage.

The credit profile is also constrained by the elective nature of
many of the procedures performed in its ambulatory surgery centers
(ASCs), meaning that patients can delay/forego treatment in times
of economic weakness. Further, the ratings are constrained by risk
stemming from exposure to government payers (mostly Medicare),
which could lead to future reimbursement pressures on ASCs.

The ratings are supported by Moody's expectation of favorable
industry fundamentals. This is because over the longer term, payers
including Medicare and private insurers, will continue to drive
patients out of hospitals and into less costly points of care, such
as ASCs. The rating also benefits from the company's strong market
position and good case mix that favors procedures with higher
reimbursements. Surgery Partners will continue to make investments
to enhance cardiology and musculoskeletal capabilities in its
facilities through recruitment of specialists and technological
investments (i.e., robotics) which will add to growth over the
coming years.

Moody's considers coronavirus to be a social risk given the risk to
human health and safety. Aside from coronavirus, Surgery Partners
faces other social risks as well such as the rising concerns around
the access and affordability of healthcare services. However,
Moody's does not consider the ASCs to face the same level of social
risk as hospitals as ASCs are viewed as an affordable alternative
to hospitals for elective procedures.

From a governance perspective, Surgery Partner's facilities are
partly owned by the physicians -- which helps to align economic
incentives with physicians to perform procedures in the ASCs. That
said, Surgery Partner's financial policies are aggressive given its
history of acquisitions and high leverage. Moody's views the recent
equity raise as a positive governance factor.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Factors that could lead to an upgrade include less aggressive
financial policies, reduction of debt/EBITDA towards 6.0x and an
improvement in free cash flow.

The ratings could be downgraded if leverage fails to decline
meaningfully from current levels, or if liquidity materially
weakens.

Surgery Partners, headquartered in Nashville, TN, is an operator of
127 short stay surgical facilities in 30 states. The surgical
facilities, which include 110 ASCs and 17 surgical hospitals,
primarily provide nonemergency surgical procedures across many
specialties. Surgery Partners also provides ancillary services
including physician practice services, anesthesia services, and a
specialty pharmacy. Surgery Partners is 59.5% owned by Bain Capital
Private Equity and listed on the NASDAQ. Revenue is approximately
$1.9 billion LTM December 31, 2020.

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


TARONIS FUELS: Errors Found in Previously Filed Financial Statement
-------------------------------------------------------------------
The Audit Committee of the Board of Directors of Taronis Fuels,
Inc., in consultation with management, concluded that the Company's
previously issued financial statements for the year ended Dec. 31,
2019 and for each of the interim quarterly periods in fiscal 2020
should not be relied upon.

On April 9, 2021, Edward J. Fred, who was then serving as the
Company's chief financial officer and treasurer and interim chief
executive officer and president, informed members of the Board of
Directors that certain revenues and gross profit in the third
quarter of fiscal 2020 were recognized prematurely or inaccurately
due to an incorrect application of generally accepted accounting
principles, and that previously reported revenue and gross profit
were likely overstated and the related net loss was likely
understated.  In addition, retained earnings are believed to be
overstated.

On April 10, 2021, the Board of Directors commenced an
investigation of the Company's previously issued accounting results
and internal controls, to be overseen by the Company's Audit
Committee.  Also on April 10, 2021, the Board of Directors
appointed Mary Pat Thompson as chief financial officer and
treasurer in place of Mr. Fred and authorized the retention of
forensic accountants and external counsel to assist in the
investigation of the Company's previously issued financial
statements.

Based on a preliminary assessment of the information provided by
Mr. Fred and discussions with Ms. Thompson, the Audit Committee
determined that the Company's previously issued financial
statements may contain errors relating to, among other things, (i)
recognition of revenue from contracts with customers and
international sales, (ii) entries between the Company and Taronis
Technologies, Inc., the Company's former parent, possibly dating
back to the Company's spin-off from Taronis Technologies, Inc.,
(iii) financial reporting of the Company's acquisition of Tech-Gas
Solutions, LLC in May 2020, and (iv) underreporting of cost of
goods sold, and the overreporting of gross income, in the second
and third quarters of fiscal 2020.  As a result, the Audit
Committee determined that the Company's previously issued financial
statements for the year ended Dec. 31, 2019 and for each of the
interim quarterly periods in fiscal 2020 should not be relied
upon.

The Company's investigation is ongoing and the Company may identify
further errors.  The Company does not expect to file its Annual
Report on Form 10-K for the year ended Dec. 31, 2020 on a timely
basis.  The investigation is in its early stages and the Company
cannot predict its duration or outcome.
  
                            About Taronis

Headquartered in Peoria, Arizona, Taronis Fuels, Inc. --
www.taronisfuels.com -- is a renewable fuel and power generation
company.  Its primary business objective is the production of
sustainable, socially responsible alternatives to existing fossil
fuel and industrial gas products.  Its first commercially viable
product is a metal cutting fuel called "MagneGas".  MagneGas is a
proprietary synthetic gas comprised primarily of hydrogen that is
produced by the Company from its patented Venturi Flow Submerged
Plasma Arc Gasification Units.

Taronis reported a net loss of $5.75 million for the year ended
Dec. 31, 19, compared to a net loss of $4.49 million for the year
ended Dec. 31, 2018.

New York-based Marcum LLP, the Company's auditor since 2016, issued
a "going concern" qualification in its report dated May 21, 2020,
citing that the Company has incurred significant losses and needs
to raise additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


TCNR LLC: Seeks to Hire Morrissey Wilson as Legal Counsel
---------------------------------------------------------
TCNR, LLC seeks approval from the U.S. Bankruptcy Court for the
District of Massachusetts to hire Morrissey Wilson & Zafiropoulos,
LLP as its legal counsel.

The firm's services include:

     a. advising the Debtor with respect to its rights, powers and
duties under the Bankruptcy Code;

     b. advising the Debtor with respect to any plan of
reorganization;

     c. representing the Debtor at all hearings and matters
pertaining to its affairs;

     d. preparing legal documents and reviewing all financial
reports;

     e. assisting in the negotiation and documentation of financing
agreements, debt and cash collateral orders and related
transactions;

     f. reviewing and analyzing the nature and validity of any
liens asserted against the Debtor's property and advising the
Debtor concerning the enforceability of such liens;

     g. advising the Debtor regarding its ability to initiate
actions to collect and recover property for the benefit of its
estate;

     h. assisting the Debtor in connection with the potential sale
of its assets;

     i. advising the Debtor on executory contracts and unexpired
leases;

     j. reviewing and analyzing the claims of creditors;

     k. commencing litigation;

     l. other legal services necessary to administer the Debtor's
Chapter case.

The firm received a retainer in the amount of $20,000.

Francis Morrissey, Esq., a partner at Morrissey Wilson, disclosed
in a court that his firm is a "disinterested person" within the
meaning of 11 U.S.C. 101(14).

The firm can be reached through:

      Francis C. Morrissey, Esq.
      Morrissey Wilson & Zafiropoulos, LLP
      45 Braintree Hill Office Park, Suite 304
      Braintree, MA 02184
      Tel: 781-353-5500
      Email: fcm@mwzllp.com
    
                  About TCNR, LLC and LRNCT, LLC

TCNR, LLC and LRNCT, LLC are companies engaged in non-residential
building construction.

TCNR and LRNCT filed their voluntary petitions for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case Nos.
21-10310 and 21-10311).  Nicholas Heras, Jr., manager and member,
signed the petitions.  At the time of the filing, the Debtors each
had between $10 million and $50 million in both assets and
liabilities.

Judge Janet E. Bostwick presides over the cases.

TCNR and LRNCT are represented by Morrissey Wilson & Zafiropoulos,
LLP and John M. McAuliffe & Associates, P.C., respectively.


TECT AEROSPACE: U.S. Trustee Appoints Creditors' Committee
----------------------------------------------------------
The U.S. Trustee for  Regions 3 and 9 on April 20 appointed an
official committee to represent unsecured creditors in the Chapter
11 cases of TECT Aerospace Group Holdings, Inc. and its affiliates.


The committee members are:

     1. Niigata Machine Techno USA, Inc.
        Attn: Hans Retra, Chairman
        1501 Landmeier Road
        Elk Grove Village, IL 60007
        Tel: (630) 283-5680
        Fax: (630) 283-5843
        E-mail: hretra@niigatausa.com

     2. All Metal Services Limited
        Attn: Brian Lacey, Director of Credit
        1738 General George, Patton Drive
        Brentwood, TN 37027
        Tel: (213) 576-8842
        E-mail: blacey@rsac.com

     3. Quality Stamping & Machining, Inc.
        Attn: Janice Holland, Controller
        1907 137th Ave East
        Sumner, WA 98390
        Tel: (253) 863-5770
        Fax: (253) 863-0657
        E-mail: JHolland@qualstamp.com

     4. WM F Hurst Co., LLC
        Attn: John Mullen, President
        2121 Southwest Blvd.
        Wichita, KS 67213
        Tel: (316) 371-0325
        Fax: (316) 942-1539
        E-mail: Jmullen@wmhurst.com

     5. Mecadaq Tarnos
        Attn: Julien Dubecq, President and Owner
        13 Rue Helene Boucher
        40220 Tarnos, France
        Tel: +33-5-59-23-99-85
        E-mail: jdubecq@mecadaq.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                        About TECT Aerospace

TECT Aerospace Group Holdings, Inc. and its affiliates manufacture
high precision components and assemblies for the aerospace
industry, specializing in complex structural and mechanical
assemblies, and machined components for a variety of aerospace
applications.  TECT produces assemblies and parts used in flight
controls, fuselage or interior structures, doors, wings, landing
gear, and cockpits.

TECT Aerospace Group Holdings operates manufacturing facilities in
Everett, Wash., and Park City and Wellington, Kansas and their
corporate headquarters is located in Wichita, Kan.  TECT currently
employs approximately 400 individuals nationwide.  TECT and its
affiliates are privately held companies owned by Glass Holdings,
LLC and related Glass-owned or Glass controlled entities.

On April 6, 2021, TECT Aerospace Group Holdings and six affiliates
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
21-10670).  TECT Aerospace Group Holdings estimated assets of $50
million to $100 million and liabilities of $100 million to $500
million as of the bankruptcy filing.

The Debtors tapped Richards, Layton & Finger P.A. as legal counsel,
Winter Harbor LLC as restructuring advisor, and Imperial Capital
LLC as investment banker.  Kurtzman Carson Consultants LLC is the
claims agent.

The Boeing Company, as DIP agent, is represented by Alan D. Smith,
Esq., at Perkins Coie LLP, and   Kenneth J. Enos, Esq., at Young
Conaway Stargatt & Taylor, LLP.


TEKNIA NETWORKS: Unsecureds to Get Share of Disposable Income
-------------------------------------------------------------
Teknia Networks & Logistics, Inc., submitted a Second Plan of
Reorganization.

The Debtor's Plan will be funded by the current and future income
earned by the Debtor as well as contributions from the Debtor's
principal, Jorge Monsalve.

Unsecured creditors holding allowed claims will receive pro-rata
distributions based on the Debtor's projected net disposable
income.

Allowed secured claims, which are impaired, will be amortized over
60 months at 5.25% interest with equal monthly payments commencing
30 days from the entry of the Confirmation Order:

   * Class 2 Hanmi Bank totaling $66,250 of which $50,000 is
secured.
   * Class 3 NewLane Finance Company totaling $57,518  of which
$32,000 is secured.
   * Class 4 NewLane Finance Company totaling $62,622, of which
$45,000 is secured.
   * Class 6 CIT Bank, N.A. totaling $102,867
   * Class 7 CIT Bank, N.A. totaling $75,194
   * Class 10 North Mill Credit Trust totaling $167,740 of which
$166,935 is secured.
   * Class 11 North Mill Credit Trust totaling $77,822 of which
$76,833 is secured.
   * Class 15 U.S. Bank, N.A. d/b/a U.S. Bank Equipment Finance
totaling $209,164, of which $193,807 is secured.
   * Class 22 TCF National Bank totaling $60,042, of which $26,500
is secured.
   * Class 23 TCF National Bank totaling $60,042, of which $26,500
is secured.
   * Class 25 Crestmark Vendor Finance, a division of MetaBank,
National Association totaling $201,637, of which $12,000 is
secured.
   * Class 26 Crestmark Vendor Finance, a division of MetaBank,
National Association totaling $34,059.
   * Class 29 Ascentium Capital, LLC, totaling $96,689.
   * Class 30 Amur Equipment Finance, Inc. totaling $263,348.
   * Class 32 Tokyo Century (USA) Inc. totaling $105,000.
   * Class 37 LG Funding, LLC, totaling $42,405.
   * Class 43 Hitachi Capital America Corp. totaling $247,459.97

With respect to Class 5 CIT Bank, N.A., totaling $102,992 and Class
8 CIT Bank, N.A., no less than eight days prior to the Confirmation
Hearing, the claimant may file a notice with the Court requesting
that the Debtor treat its claim as secured, notwithstanding the
fact that the underlying collateral was sold repetition.  In the
event that the claimant makes this election, the Debtor shall pay
the claimant the value of the collateral as of the Petition Date
amortized over 60 months at 5.25% interest with equal monthly
payments commencing 30 days from the entry of the Confirmation
Order.  Any allowed general unsecured claim will be paid pursuant
to Class 40.

Class 12 Bryn Mawr Funding totaling $82,312 will be paid pursuant
to the Agreed Motion to Provide Adequate Protection to Bryn Mawr
Funding.  The remaining balance of claimant's claim will be paid as
a general unsecured claim pursuant to Class 40.  Claimant will
retain its lien to the same extent, validity, and priority as
existed prepetition.

Class 13 BB&T Commercial Equipment Capital Corp. totaling $204,133,
of which $140,000 is secured, will be paid pursuant to the Agreed
Motion to Provide Adequate Protection to BB&T Commercial Equipment
Capital Corp.  The remaining balance of claimant's claim will be
paid as a general unsecured claim pursuant to Class 40.  Claimant
will retain its lien to the same extent, validity, and priority as
existed prepetition.

Class 14 Byline Financial Group totaling $53,333 will be paid
pursuant to the Agreed Order Granting in Part and Denying in Part
Byline Financial Group's Amended Motion for Relief From Stay or, in
the Alternative, Adequate Protection Payments. Claimant will have a
general unsecured claim in the amount of $5,832.74 which will be
paid pursuant to Class 40.

Class 16 U.S. Bank, N.A. d/b/a U.S. Bank Equipment Finance's
unsecured deficiency claim totaling $129,199 will be paid pursuant
to Class 40.  The claimant will also have an allowed administrative
claim in the amount of $10,000.

Class 17 Cedar Advance, LLC's allowed secured claim will be
amortized over 60 months at 5.25% interest with equal monthly
payments commencing 30 days from the entry of the Confirmation
Order.  Any allowed general unsecured claim will be paid pursuant
to Class 40.  Claimant will retain its lien to the same extent,
validity, and priority as existed prepetition.

Class 18 Leaf Capital Funding, LLC, with a claim totaling $171,064
will recover collateral of the Debtor.  Claimant will have thirty
days from the date of surrender to file a claim for a general
unsecured deficiency claim, otherwise said claim shall be waived.
Any allowed general unsecured claim will be paid pursuant to Class
40.

With respect to Class 19 Balboa Capital Corporation's claim
totaling $143,418, the claimant's allowed secured claim of $77,872
will be amortized over 60 months at 5.25% interest with equal
monthly payments of $1,478 commencing February 1, 2021, and
continuing monthly thereafter.

Class 21 Financial Pacific Leasing, Inc., d/b/a Umpqua Bank Vendor
Finance, with a claim totaling $86,975, of which $71,230, will be
paid pursuant to the Order Denying in Part and Granting in Part
Financial Pacific Leasing Inc.'s Motion for Relief From Automatic
Stay and Adequate Protection.

With respect to Class 24 Sumitomo Mitsui Finance and Leasing
Company Limited's claim totaling $213,276 of which $175,000 is
allegedly secured, the claimant's allowed secured claim of $175,000
will be amortized over 60 months at 5.25% interest with equal
monthly payments commencing 30 days from the entry of the
Confirmation Order.  The claimant's allowed general unsecured claim
of $38,276 will be paid pursuant to Class 40. Claimant will retain
its lien to the same extent, validity, and priority as existed
pre-petition.

With respect to Class 27 TIAA Commercial Finance, Inc.'s claim
totaling $133,937, the Debtor has surrendered the collateral back
to Claimant.  The claimant will have an allowed general unsecured
claim of $117,937 which will be paid pursuant to Class 40.

With respect to Class 28 Ascentium Capital, LLC's claim totaling
$33,824, of which $31,000 is secured, the Debtor is surrendering
the collateral back to claimant.  The claimant will have thirty
days from the date of surrender to file a claim for a general
unsecured deficiency claim, otherwise said claim shall be waived.
Any allowed general unsecured claim will be paid pursuant to Class
40.

With respect to Class 33 Western Equipment Finance, Inc.'s claim
totaling $269,225, the claimant's allowed secured claim of $171,658
based on Contract ID#s 40360666 and 4036245 shall be amortized over
sixty months at 5.25% interest. Claimant's allowed secured claim of
$97,567 based on Contract ID#s 40292169 and 40303262 shall be
amortized over 24 months at 5.25% interest.

With respect to the Class 34 PNC Equipment Finance, LLC's claim
totaling $117,690, the Debtor sold the underlying collateral to a
bonafide purchaser prepetition. Notwithstanding the fact that the
underlying collateral was sold prepetition, the claimant shall have
an allowed secured claim in the amount of $100,000 which will be
amortized over 60 months at 5.25% interest with equal monthly
payments commencing 30 days from the entry of the Confirmation
Order.  The claimant shall have an allowed general unsecured
deficiency claim of $17,690 which will be paid pursuant to Class
40.

As to Class 35 Summit Funding Group, Inc.'s claim totaling $122,210
which is secured by two 2018 Hyundai R80CR-91 Mini Excavators S/Ns:
xxxx0935 and xxxx0936, the claimant's claim will be paid pursuant
to Doc. No. 201.

As to Class 36 Hyundai Construction Americas, Inc.'s totaling
$422,854, the Debtor will make payments to this claimant in
accordance with the final order entered by the Court on the
Debtor's Motion to Assume Dealer Agreement With Hyundai
Construction Americas, Inc.

With respect to Class 38 De Lage Landen Financial Services, Inc.'s
claim totaling $11,255, the claimant's claim will be paid pursuant
to Doc. No. 184.

With respect to Class 39's De Lage Landen Financial Services, Inc.
claim totaling $428,722, the pre-petition arrears in the amount of
$33,251 will be amortized over 12 months at 5.25% interest with
equal monthly payments commencing 30 days from the entry of the
Confirmation Order. The Debtor will continue making the regular
monthly payment under the loan.

Class 40 General Unsecured Creditors will be paid their pro-rata
share of the projected net disposable income.

Class 41 Equity Security Holders of the Debtor will retain
ownership in the Debtor post-confirmation.  No distributions will
be made to equity until such time as all payments in Class 41 have
been made.

With respect to Class 42 Skyjack Equipment Services, Inc. d/b/a
Skyjack Financial Services' claim totaling $133,245, the claimant
will have an allowed secured claim in the amount of $110,000.  The
claimant's allowed secured claim will be amortized over 60 months
at 5.25% interest with equal monthly payments commencing 30 days
from the entry of the Confirmation Order.  Any allowed general
unsecured claim will be paid pursuant to Class 40.  The claimant
will retain its lien to the same extent, validity, and priority as
existed prepetition.

In the event that the Debtor was liquidated, the Debtor does not
believe that there would be any funds leftover for distribution to
the general unsecured creditors after payment of the Chapter 11 and
Chapter 7 administrative expenses.

The Plan will be funded by the continued operations of the Debtor.

Attorney for the Debtor:

     Buddy D. Ford, Esquire
     Jonathan A. Semach, Esquire
     Heather M. Reel, Esquire
     BUDDY D. FORD, P.A.
     9301 West Hillsborough Avenue
     Tampa, Florida 33615-3008
     Telephone #: (813) 877-4669
     Office Email: All@tampaesq.com
     E-mail: Buddy@tampaesq.com
     E-mail: Jonathan@tampaesq.com
     E-mail: Heather@tampaesq.com

A copy of the Disclosure Statement is available at
https://bit.ly/3dEh2Rw from PacerMonitor.com.

                 About Teknia Networks & Logistics

Teknia Networks & Logistics, Inc., is a Pinellas Park, Fla.-based
distributor of warehouse and office printing-related items.

Teknia Networks & Logistics sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case No. 20-06479) on Aug.
27, 2020.  Jorge L. Monsalve, president, signed the petition.  At
the time of the filing, the Debtor had estimated assets of between
$1 million and $10 million and liabilities of between $1 million
and $10 million.  Buddy D. Ford, P.A., is the Debtor's legal
counsel.


TJC SPARTECH: S&P Assigns 'B' ICR, Outlook Stable
-------------------------------------------------
S&P Global Ratings assigned its 'B' issuer credit rating to the
borrowing entity, TJC Spartech Acquisition Corp. (Spartech). At the
same time, S&P assigned its 'B' issue-level rating and '3' recovery
rating to the company's proposed revolving credit facility and
first-lien term loan.

The stable outlook reflects S&P's view that the company will
continue improving profitability and will generate positive free
cash flow, enabling it to reduce its S&P Global Ratings-adjusted
debt leverage toward 6x over the next 12-18 months.

S&P's 'B' ratings on Spartech incorporates the following key risks
and strengths:

Key rating risks:

-- Limited scale and geographic reach;

-- A portion of the business sells into cyclical end-markets,
including automotive, aerospace, and general industrial; and

-- Limited track record operating at current mid-teens EBITDA
margin profile.

Key strengths include:

-- Diversified business selling across multiple end markets;

-- Solid free operating cash flow (FOCF) generation relative to
the scale of the business given low capital expenditure (capex)
requirements;

-- Some of Spartech's products are sole-sourced, given spec'ed-in
nature and regulatory moat; and

-- Flexibility to sell across different types of resins.

S&P said, "We expect modest deleveraging over the next 12 months.
Pro forma the debt issuance, debt leverage is elevated, with S&P
Global Ratings-adjusted leverage at about 6.5x at the close of the
transaction. We expect relatively flat revenue as higher revenue
from some of the company's more cyclical end markets rebounds from
pandemic-related headwinds in 2020 but will likely be offset by a
sharp decline in the company's personal protective equipment (PPE)
and barrier products due to reduced demand . Margins should
continue to improve, however, as the profitability of the PPE
business is low relative to other end markets the company serves.
We expect the company to continue to pursue a modest, bolt-on
acquisition strategy to supplement its organic growth. In our view,
these will be similar in size and scope to the Tufpak acquisition,
which was completed in December 2020." The proposed covenant levels
do provide the company with the flexibility to pursue large
acquisitions, and it could put pressure on the ratings if the
company were to pursue large debt-funded acquisitions.

Recent cost-saving initiatives have dramatically improved EBITDA
margins over the past year, but the company has a limited track
record of operating at this level. The previous sponsor increased
EBITDA margins from the high-single to low-double-digit area to the
mid-teens in 2020. The cost improvements were across a wide variety
of initiatives, including plant leadership initiatives,
substituting materials, and exiting legacy "in-house" contracts
that were not competitive, among other things. S&P said, "We
believe the improved margin profile of the company is sustainable,
especially given the underperformance of some of the more
profitable business in early to mid-2020, but we still believe that
the sustainability of the margins at current level is a risk to the
rating given its relatively small scale of operations."

S&P said, "Despite its small size, Spartech has good
diversification across end markets and customers compared with
peers we rate similarly. Spartech serves a number of unique end
markets, including food and beverage, industrial, health care,
signage, automotive, and aerospace. We believe that the company
should benefit from the stability of its packaging business, but
that its other industrial end markets are fairly cyclical. The
company's medical business should provide predictability under
normal times, but did decline in 2020 given the halt of elective
procedures as COVID-19 cases spiked. Automotive should rebound
fairly well in 2021 after original equipment manufacturers were
shut down in the second quarter of 2020, notwithstanding the
semiconductor issues halting production early in the year. We don't
expect a sharp rebound in aerospace, but it should continue to
improve modestly. Spartech serves over a thousand customers. Its
top customer makes up just 5% of revenue and its top-10 customers
make up about 24%. While there is some concentration, we believe
this compares favorably with peers we rate similarly. A high number
of the company's products are designed according to customer
specification and the majority are sole sourced, which should lead
to a degree of stickiness, in our view.

"Spartech sources a wide variety of resins and can easily be
flexible, depending on customer needs. We believe this ability is a
competitive advantage for Spartech, especially as customers will
look to source more environmentally friendly materials. Relative to
more traditional packaging companies that we rate, Spartech does
not maintain traditional pass throughs of its raw material costs in
the majority of its products. Historically, it has done a good job
maintaining relatively stable profitability relative to commodity
price indices by non-contractual price increases and decreases.
While we believe this has worked well historically, we believe
there is a risk that the lack of contractual pass throughs could
cause some volatility in margins going forward."

Spartech maintains adequate liquidity, generating positive FOCF;
maintains full availability on its revolver; and has limited
liquidity needs. For the size of its business, Spartech generated
relatively strong adjusted FOCF in 2020. S&P said, "Unlike many
industrial companies during the pandemic, this was not the result
of improved working capital performance, in our view. The increased
interest expense from the higher debt burden should pose a headwind
in 2021 and beyond, but we believe the company will be able to
maintain positive FOCF. In addition, we expect its capital spending
needs to be minimal, at just over 1% of total revenue."

The stable outlook reflects S&P's view that Spartech will maintain
good EBITDA margins, allowing it to generate moderate free cash
flow in 2021, and that its S&P Global Ratings-adjusted debt to
EBITDA will decline toward the low-6x area over the next 12
months.

S&P could lower the rating if:

-- Spartech's S&P Global Ratings-adjusted debt to EBITDA trended
above 6.5x on a sustained basis. This could happen if key end
markets, including health care and industrial, contracted
meaningfully; or

-- S&P Global Ratings-adjusted FOCF to debt were less than 5%; or

-- It pursued a more aggressive financial policy, such as more
debt-funded acquisitions than S&P expected or dividends to its
financial sponsors.

Although unlikely over the next 12 months given the company's small
scale and scope and ownership by a financial sponsor, S&P could
raise its ratings on Spartech if:

-- The company increased its scale and scope significantly; and

-- Stronger-than-expected operating performance reduced leverage
comfortably below 5x; and

-- Its financial sponsors committed to maintaining leverage of
less than 5x throughout the business cycle.


TKC HOLDINGS: S&P Affirms B- Issuer Credit Rating, Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on St
Louis-based TKC Holdings, a commissary, food service and technology
products provider to the corrections space. S&P also assigned a
'B-' issue-level and '3' recovery rating (rounded estimate: 65%) to
the first-lien credit facility and a 'CCC' issue-level and '6'
recovery rating (rounded estimate: 0%) to the senior unsecured
notes.

S&P said, "Despite our expectations for good cash flow generation
(about $100 million), we expect adjusted leverage to remain above
7x over the next year. We expect TKC's S&P Global Ratings-adjusted
pro forma leverage will remain in the mid-7x area through 2021
(compared to 7.6x as of fiscal year ended Dec. 31, 2020). Elevated
leverage and related interest costs limit annual free operating
cash flow (FOCF; operating cash flow less capital spending)
generation to below 5% of total debt despite limited capital
expenditures (capex) and working capital requirements, hindering
TKC's operational flexibility.

"We expect leverage to remain elevated given TKC's financial
sponsor ownership and aggressive financial policy. TKC has
typically had an aggressive financial policy. In 2017, it
distributed three debt-funded dividends totaling $640 million.
Subsequently, additional distributed dividends have been funded by
balance sheet cash, including $145 million for fiscal year ended
December 2020. TKC's forecast credit measures will likely remain
weaker than business services peers with comparable financial risk
profiles. This is reflected in our negative comparable ratings
analysis modifier."

TKC offers a cost-effective alternative to insourcing and demand
for its services should increase post-pandemic. Through the various
products and services it provides, TKC offers a cost-effective
alternative to insourcing, and S&P expects demand to increase given
constant budgetary pressures for state and federal correctional
facilities. The COVID-19 pandemic has only magnified the importance
of tighter cost controls, as state and local budgets will be
burdened as they emerge from a period where revenues declined
precipitously and costs spiked in the past year. U.S. court systems
were shut down for part of 2020, significantly affecting prisoner
intake and decreasing the average daily inmate population (ADP). As
the backlog of cases unwinds and outstanding arrest warrants are
executed post-pandemic, recovery should gradually occur in 2021.
S&P expects adjusted leverage in the mid-7x area and FOCF to debt
in the low-single-digit percent area in 2021 despite modest revenue
growth and stable EBITDA margins of around 13%.

S&P said, "The stable outlook reflects our expectation that
adjusted leverage will remain between 7x and 8x over the next year,
with ongoing contract wins and improving productivity increasing
earnings and moving it lower in the range.

"We could lower our rating on TKC if its customers switch
providers, choose to insource, terminate their contracts early, or
introduce large penalties stemming from unsatisfactory service or
government policy changes." Generally, a downgrade could occur if:

-- S&P views TKC's capital structure to be unsustainable;

-- S&P thinks TKC depends upon favorable business, financial, and
economic conditions to meet its financial commitments; or

-- S&P considers its liquidity position to be less than adequate.

Although unlikely over the next 12 months, S&P could raise its
rating on TKC if:

-- It reduces its leverage below 7x with a commitment from its
financial sponsors to maintain leverage below this threshold; and

-- FOCF to debt exceeds 5%



TROPHY HOSPITALITY: Seeks to Hire Eric A. Liepins as Legal Counsel
------------------------------------------------------------------
Trophy Hospitality, LLC, seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Texas to hire as its counsel.

The Debtor requires legal assistance to orderly liquidate its
assets, reorganize the claims of the estate, and determine the
validity of claims asserted against the estate.

The firm will be paid at these rates:

     Eric Liepins, Esq.                 $275 per hour
     Paralegals/Legal Assistants   $30 - $50 per hour

Liepins received a retainer of $5,000, plus the filing fee.  The
firm will also receive reimbursement for out-of-pocket expenses
incurred.

Eric Liepins, Esq., disclosed in a court filing that his firm does
not represent any interest adverse to the Debtor's estate.

The firm can be reached through:
   
     Eric A. Liepins, Esq.
     Eric A. Liepins, P.C.
     12770 Coit Road, Suite 1100
     Dallas, TX 75251
     Telephone: (972) 991-5591
     Facsimile: (972) 991-5788
     Email: eric@ealpc.com

                          About Trophy Hospitality

Trophy Hospitality, LLC, filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case
No.21-40512) on April 8, 2021. The petition was signed by Jeremiah
Miranda, managing member. At the filing, the Debtor estimated
$50,000 in assets and $1 million to $10 million in liabilities.
Eric A. Liepins, Esq. at Eric A. Liepins, P.C. serves as the
Debtor's counsel.


UNIMEX CORPORATION: Plan Trustee Taps Nelson Mullins as Counsel
---------------------------------------------------------------
Jolene Wee, the trustee appointed pursuant to Unimex Corporation's
Chapter 11 reorganization plan, seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Virginia to hire
Nelson Mullins Riley & Scarborough, LLP as her legal counsel.

The plan trustee needs the firm's legal assistance in connection
with the preliminary investigation of avoidance actions.

The firm will be paid at these rates:

     H. Jason Gold, Partner            $590 per hour
     Dylan G. Trache, Partner          $590 per hour
     David M. Barnes, Jr., Associate   $390 per hour
     Robert W. Ours, Senior Paralegal  $260 per hour

Nelson Mullins does not hold or represent any interest adverse to
the bankruptcy estate, according to court filings.

The firm can be reached through:

     H. Jason Gold, Esq.
     Dylan G. Trache, Esq.
     Nelson Mullins Riley & Scarborough, LLP
     101 Constitution Avenue, NW, Suite 900
     Washington, DC 20001
     Tel: 202-689-2800
     Fax: 202-689-2860
     Email: jason.gold@nelsonmullins.com
            dylan.trache@nelsonmullins.com

                     About Unimex Corporation

Sterling, Va.-based Unimex Corporation provides product sourcing,
manufacturing, storage, distribution and sales services to
governments, businesses and individual consumers.

Unimex Corporation sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Va. Case No. 20-12535) on Nov. 16,
2020.  Unimex Corporation President Weiwei Jian signed the
petition.  At the time of the filing, the Debtor had estimated
assets of between $1 million and $10 million and liabilities of the
same range.

Judge Brian F. Kenney oversees the case.

Tyler, Bartl & Ramsdell, PLC and Mei T. Wu, CPA serve as the
Debtor's legal counsel and accountant, respectively.

Jolene E. Wee is the trustee appointed pursuant to the Debtor's
Chapter 11 plan of reorganization, which was confirmed by the court
on April 5, 2021.  The plan trustee is represented by Nelson
Mullins Riley & Scarborough, LLP.


VERNON 4540: Examiner Seeks to Hire Barclay Damon as Legal Counsel
------------------------------------------------------------------
Angela Orlandella, the examiner appointed in Vernon 4540 Realty
LLC's Chapter 11 case, seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to employ Barclay
Damon, LLP as her legal counsel.

The firm's services include the preparation and filing of the
examiner's report, .

Barclay Damon will be paid at hourly rates ranging from $225 to
$750 for attorneys and $150 to $200 for paraprofessionals.

As disclosed in court filings, Barclay Damon does not represent
interest adverse to the examiner, the Debtor's estate and
creditors.

The firm can be reached through:

     Janice B. Grubin, Esq.
     Ilan Markusm Esq.
     Barclay Damon LLP
     1270 Avenue of the Americas, Suite 501
     New York, NY 10020
     Phone: (212) 784-5800
     Email: jgrubin@barclaydamon.com
            imarkus@barclaydamon.com

                     About Vernon 4540 Realty

Vernon 4540 Realty, LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
20-22919) on Aug. 5, 2020.  Brent Carrier, managing member, signed
the petition.  At the time of the filing, the Debtor had between
$10 million and $50 million in both assets and liabilities.  

Judge Robert D. Drain presides over the case.  Bruce H. Bronson,
Esq., at Bronson Law Office, P.C. serves as the Debtor's legal
counsel in the case.

On March 29, 2021, the court appointed Angela Orlandella as
examiner.  The examiner is represented by Barclay Damon, LLP.


VIENTO WINES: Wants Access to Cash Collateral
---------------------------------------------
Viento Wines sought the approval of the U.S. Bankruptcy Court for
the District of Oregon to use cash collateral for the operating
expenses in the normal course of its business.

Before the Petition Date, the Debtor entered into two secured Note
agreements with Centerpointe Community Bank.  The Notes each
contained a commercial security agreement with respect to assets
such as wine inventory, accounts, reserves, deposits, refunds,
deferred payments, and payments of any kind related to the property
and other business assets of Debtor.  The Notes also had associated
deeds of trust secured to real property owned by Debtor's
principals, Richard & Robin Cushman.  CCB subsequently merged with
First Interstate Bank, the new holder of the Notes.  

The Debtor said the FIB's security interest is senior to those of
all other creditors known to the Debtor, and was perfected by the
filing of a UCC statement with the Oregon Secretary of State.

The Debtor proposed to provide replacement liens to the property of
the estate of the kind which presently secure the indebtedness owed
to FIB.  The Debtor believes that because of the equity cushion in
the associated secured property, no monthly adequate protection
payments are required.

Final hearing on the motion is on April 28, 2021, at 11 a.m. by
telephone.

                    About Viento Wines, Inc.

Viento Wines Inc. -- http://vientowines.com/-- is a winemaker
offering Gorge wines ranging from Sparkling, White, Rose, Red &
Dessert wine. Viento Wines sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Ore. Case No. 21-30690) on
March 29, 2021. In the petition signed by Richard Cushman,
president, the Debtor disclosed $679,176 in assets and $1,272,818
in liabilities.

Judge Trish M. Brown oversees the case.

Michael D. O'Brien, Esq. at Michael D. O'Brien & Associates, P.C.
is the Debtor's counsel.

Counsel for the Debtor:

     Theodore J. Piteo, Esq.
     Michael D. O'Brien, Esq.
     Michael D. O'Brien & Associates, P.C.
     12909 SW 68th Pkwy, Suite 160
     Portland, OR 97223
     Telephone: 503-786-3800

First Interstate Bank, noteholder, may be reached at:

     VP Brad Hanson
     First Interstate Bank
     401 North 31st Street
     Billings, MT 59101

Counsel for First Interstate Bank:

     David Criswell, Esq.
     601 SW Second Ave., Suite 2100
     Portland, OR 97204
     Tel: (503) 778-2198
     Email: criswelld@lanepowell.com






VIENTO WINES: Wins Cash Collateral Access Thru April 28
-------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Oregon has
authorized Viento Wines, Inc. use cash collateral on an interim
basis.

The Debtor appeared on April 15, 2021, for its Final Cash
Collateral Hearing, but due to service issues, that Hearing could
not be held. The Debtor subsequently filed a Motion to Shorten Time
for the Notice of the Final Hearing from 14 days to 12 days.

Having reviewed the Motion and having heard the statements of
counsel in support of or otherwise related to the relief requested
in the Motion at the hearing; and reviewed the pleadings and
declarations submitted prior to the Hearing, the Court ruled that
the Debtor's Interim Order for Use of Cash Collateral is extended
for an additional 14 days.

A final hearing on the Debtor's use of Cash Collateral is scheduled
for April 28, 2021 at 11 a.m. by telephone. Objections are due
April 27.

The Debtor is directed to promptly serve notice of the Final
Hearing by first class mail, postage prepaid, on all parties in
interest within one business day of the entry of the Order, which
will constitute adequate and proper notice of the Final Hearing.

A copy of the order is available for free at https://bit.ly/2PdujHi
from PacerMonitor.com.

                    About Viento Wines, Inc.

Viento Wines Inc. -- http://vientowines.com/-- is a winemaker
offering Gorge wines ranging from Sparkling, White, Rose, Red &
Dessert wine. Viento Wines sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Ore. Case No. 21-30690) on
March 29, 2021. In the petition signed by Richard Cushman,
president, the Debtor disclosed $679,176 in assets and $1,272,818
in liabilities.

Judge Trish M. Brown oversees the case.

Michael D. O'Brien, Esq. at Michael D. O'Brien & Associates, P.C.
is the Debtor's counsel.



VILLA TAPIA: All Creditors to Recover 100% in 60-Month Plan
-----------------------------------------------------------
Villa Tapia Citi Fresh Supermarket Corp. filed a Sixth Amended Plan
and a corresponding Disclosure Statement.

The Plan is a 60-month Plan in which all creditors are paid 100%
and all creditors begin receiving payments on the Effective Date of
the Plan (with the exception of PM Esq., who on consent begins
receiving payments on the 11th month of the Plan.)

The Plan is an affordable Plan, as during the six-month period from
September 2020 to February 2021, the Monthly Operating Reports show
that the Debtor's average net cash flow with loan payments and
non-recurring expenses added back in, is $5,992.

Class 1 is an impaired class consisting of the secured claim of
Eastern Funding in the amount of $128,478.  Class 2 is an impaired
class consisting of the secured claim of Resnick Corp. in the
amount of $14,877.  Class 3 is an impaired class consisting of the
secured claim of General Trading in the amount of $13,517.  Class 5
is an impaired class consisting of nonpriority unsecured claims
held by Con Edison ($14,259), National Grid ($1,014), the NYS T&F
($702.49), the Internal Revenue Service ($1,717), Manhattan Beer
($6,900), Community Financial ($2,020.00), and ADT Security
($2,639)

The Debtor's assets consist primarily of its rental lease,
refrigeration equipment and perishable and nonperishable consumer
goods.

A copy of the Sixth Amended Disclosure Statement is available at
https://bit.ly/3sBH782 from PacerMonitor.com.

                        About Villa Tapia Citi
                         Fresh Supermarket Corp.

Based in Brooklyn, N.Y., Villa Tapia Citi Fresh Supermarket Corp.
is a delicatessen located at 40 Nostrand Avenue, Brooklyn,
NY11205.

It fell behind on its debt obligations in mid-2019 after it lost
its W.I.C. license, which enabled it to sell certain nutritional
children's products to holders of W.I.C. (Women, Infants, and
Children) food subsidy cards.

The Company subsequently fell behind on its rent payments to
landlord Nostrand Avenue Equities, and on its loan payments to
Eastern Funding LLC, which held a secured first lien on all the
Debtor's property, and to Resnick Supermarket Equipment Corporation
and General Trading Company, both of whom held junior liens.

Villa Tapia Citi Fresh Supermarket Corp. filed a voluntary petition
for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y.
Case No. 20-40357) on Jan. 20, 2020, listing under $1 million in
both assets and liabilities.

Previously, Judge Elizabeth S. Stong oversaw the case, now the case
is assigned to Judge Nancy Hershey Lord.  Phillip Mahony, Esq., is
the Debtor's bankruptcy counsel.

The Debtor tapped Sgouras Law Firm, PLLC as its legal counsel for
non-bankruptcy matters, and Marcum LLP as its accountant.


WC CUSTER CREEK: Gets OK to Use Cash Collateral Thru April 30
-------------------------------------------------------------
Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas entered an order authorizing WC Custer Creek
Center Property, LLC to use cash collateral from the Petition Date
through the earlier to occur of:

     -- entry of a Court order terminating the use of cash
collateral, or

     -- April 30, 2021.

Judge Davis further ruled that:

      * the cash collateral shall be used strictly to pay
reasonable and necessary operating expenses according to the
budget, and may not, under any circumstance, be used to pay any
pre-petition claim or debt of any party, nor be transferred to any
affiliate or person other than as strictly permitted by the budget.
The budget for April 2021 provided for $15,002 in total operating
expenses.

      * Spring Custer, LLC, the Debtor's Secured Noteholder, is
granted (a) replacement security interests and liens of the same
extent, validity, and priority as the pre-petition liens in the
collateral and on any other of the Debtor's assets and property,
and (b) an allowed super-priority administrative expense claim
pursuant to Section 507(b) of the Bankruptcy Code, to the extent of
any diminution in value of its interest in the cash collateral.   

      * all portions of rent payments received by the Debtor that
are paid by a tenant in satisfaction of common area maintenance,
insurance, and taxes pursuant to a Debtor-issued lease statement
will be segregated until further Court order.             
                  
A copy of the order is available at https://bit.ly/3sy8Who from
PacerMonitor.com free of charge.

              About WC Custer Creek Center Property

Austin, Texas-based WC Custer Creek Center Property, LLC filed a
Chapter 11 petition (Bankr. W.D. Texas Case No. 20-11202) on Nov.
2, 2020.  Natin Paul, manager, signed the petition.   

In its petition, the Debtor was estimated to have $10 million to
$50 million in assets and $1 million to $10 million in
liabilities.

Judge Tony M. Davis oversees the case.  

The Debtor tapped Fishman Jackson Ronquillo, PLLC and Reed Smith
LLP as its legal counsel.  Columbia Consulting Group, PLLC is the
Debtor's financial advisor.

Counsel for the Debtor may be reached at:

      Omar J. Alaniz, Esq.
      Michael P. Cooley, Esq.
      Devan J. Dal Col, Esq.
      REED SMITH LLP
      2850 N. Harwood, Suite 1500
      Dallas, TX 75201
      Telephone: (469) 680-4200
      Facsimile: (469) 680-4299

Counsel for lender Spring Custer, LLC:

     Jason G. Cohen, Esq.
     William A. (Trey) Wood III, Esq.
     Christopher L. Dodson, Esq.
     BRACEWELL LLP
     711 Louisiana, Suite 2300
     Houston, TX 77002
     Telephone: (713) 223-2300
     Facsimile: (713) 221-1212
     E-mail: Jason.Cohen@bracewell.com
             Trey.Wood@bracewell.com
             Chris.Dodson@bracewell.com
           



WOC PACIFIC: Seeks to Hire Morrison Tenenbaum as Legal Counsel
--------------------------------------------------------------
WOC Pacific Garage Company, LLC seeks approval from the U.S.
Bankruptcy Court for the Eastern District of New York to hire
Morrison Tenenbaum, PLLC as its legal counsel.

The firm will render these services:

     a. advise the Debtor with respect to its powers and duties;

     b. assist in any amendments of bankruptcy schedules and other
financial disclosures;

     c. negotiate with the Debtor's creditors and take the
necessary legal steps to consummate a plan of reorganization;

     d. prepare legal papers;

     e. appear before the bankruptcy court; and

     f. perform all other legal services for the Debtor in
connection with its Chapter 11 case.

The firm's hourly rates are as follows:

     Lawrence F. Morrison         $595
     Associates                   $450
     Paraprofessionals            $225

Morrison Tenenbaum received an initial retainer fee of $15,000.

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

The firm can be reached through:

     Lawrence Morrison, Esq.
     Brian J. Hufnagel, Esq.
     Morrison Tenenbaum, PLLC
     87 Walker Street, Floor 2
     New York, NY 10013
     Telephone: (212) 620-0938
     Email: lmorrison@m-t-law.com
            bjhufnagel@m-t-law.com

                 About WOC Pacific Garage Company

WOC Pacific Garage Company, LLC operates a parking garage located
at 670 Pacific St., Brooklyn, N.Y.

WOC Pacific Garage Company filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No.
21-40778) on March 26, 2021.  Perry Finkelman, the managing member,
signed the petition.  At the time of the filing, the Debtor
disclosed $37,227 in assets and  $1,040,856 in liabilities.
Morrison Tenenbaum, PLLC represents the Debtor as legal counsel.


ZAYAT STABLES: Moved At Least $200K Before Bankruptcy, Says Trustee
-------------------------------------------------------------------
T. D. Thornton of TDN Live reports that in an effort to claw back
at least $200,000 in transfers by Ahmed Zayat that allegedly
constitute "fraudulent conveyance" because they occurred just prior
Zayat's filing for Chapter 7 bankruptcy protection, the trustee in
charge of vetting Zayat's case filed two complaints in federal
court Wednesday that aim to recover that money so it might instead
go toward paying creditors.

Zayat claims to be $19 million in debt, and a massive chunk of that
money is owed to Thoroughbred-related individuals and entities.

According to documentation filed Apr. 21, 2021 in United States
Bankruptcy Court (District of New Jersey) by trustee Donald Biase,
"The Transfer[s] were made with actual intent to hinder, delay, or
defraud creditors of the Debtor."

As an exhibit, Biase attached a copy of a Sept. 3, 2020, domestic
wire transfer for $175,000 between two law firms.

Zayat's name is not listed on that TD Bank document.  But the
trustee, presumably through forensic accounting practices, is
alleging that "the Debtor's books and records discloseā€¯ that
Zayat orchestrated the transaction, which was allegedly made
"without the Debtor receiving a reasonably equivalent value in
exchange."

The recipient of the money was listed as Cohen Tauber Spievack &
Wagener, a New York-based law firm. According to a posting from
2015 on that company's website, the firm has represented Zayat in
court and "advises Zayat Stables on transactional matters and
sponsorship deals related to American Pharoah."

The timing of that $175,000 transaction is notable because five
days later, Zayat filed his petition for bankruptcy protection,
signing off on paperwork that alleged he only had $314.22 to his
name.

In a separate court complaint, the trustee also wants $28,848 back
from New York University (NYU) that Zayat allegedly paid to the
school within 90 days prior to his bankruptcy filing.

Zayat has four children, and they all either graduated from or
are/were attending NYU. The youngest of the siblings, Emma, just
enrolled at the school in 2020, according to her LinkedIn profile
(Emma was the inspiration for the name of Littleprincessemma, the
dam of American Pharoah).

Even if that money was paid for tuition or a pre-existing debt, the
complaint states that (among a list of other legal reasons) the
trustee can try to reclaim those funds because "the Debtor was
insolvent at the time and [NYU] had reasonable cause to believe
that the Debtor was insolvent."

In the cases of both allegedly fraudulent transfers, the trustee is
going after the money not by chasing Zayat himself for it, but by
listing both the law firm and NYU as defendants, meaning they would
be on the hook for repayment if the judge rules in the trustee's
favor.

                         About Zayat Stables

Headquartered in Hackensack, New Jersey, Zayat Stables owned 203
thoroughbred horses.  The horses, which are collateral for the bank
loan, are worth $37 million, according an appraisal mentioned in a
court paper.  Ahmed Zayat said in a court filing that he personally
invested $40 million in the business.

The Company filed for Chapter 11 bankruptcy protection (Bankr.
D.N.J. Case No. 10-13130) on Feb. 3, 2010.  The Company estimated
$10 million to $50 million in assets and the same range of
liabilities as of the bankruptcy filing.  The Debtor tapped Cole,
Schotz, Meisel, Forman & Leonard, P.A., as bankruptcy counsel.





[^] BOOK REVIEW: GROUNDED: Destruction of Eastern Airlines
----------------------------------------------------------
Grounded: Frank Lorenzo and the Destruction of Eastern Airlines

Author: Aaron Bernstein
Publisher: Beard Books
Softcover: 272 Pages
List Price: $34.95
Order a copy today at
http://www.beardbooks.com/beardbooks/grounded.html

Barbara Walters once referred to Frank Lorenzo as "the most hated
man in America." Since 1990, when this work was first published
and
Eastern Airlines' troubles were front-page news, there have been
many worthy contenders for the title. Nonetheless, readers
sensitive to labor-management concerns, particularly in the
context
of corporate restructurings, will find in this book much to
support
Barbara Walters' characterization.

To recap: For a few brief and discordant years, Frank Lorenzo was
boss of the biggest airline conglomerate in the free world
(Aeroflot was larger), combining Eastern, Continental, Frontier,
and People Express into Texas Air Corporation, financing his
empire
with junk bonds. TAC ultimately comprised a fleet of 451 planes
and
50,000 employees, with revenues of $7 billion.

But Lorenzo was lousy on people issues, famously saying, "I'm not
paid to be a candy ass." The mid-1980s were a bad time to take
that
approach. Those were the years when the so-called Japanese model
of
management, which emphasized cooperation between management and
labor, was creating a stir. The Lorenzo model was old school: If
the unions give you any trouble, break 'em.

That strategy had worked for him at Continental, where he'd filed
Chapter 11 despite the airline's $60 million in cash reserves, in
order to exploit a provision in Bankruptcy Code allowing him to
abrogate his contracts with the unions. But Congress plugged that
loophole by the time Lorenzo went to the mat with Charles Bryan, I
AM chapter president. Lorenzo might have succeeded in breaking the
machinists alone, but when flight attendants and pilots honored
the
picket lines, he should have known it was time to deal.  He
didn't.


Instead he tried again for a strategic advantage through the
bankruptcy courts, by filing Chapter 11 in the Southern District
of
New York where bankruptcy judges were believed to be more
favorably
disposed toward management than in Miami where Eastern was
headquartered. Eastern had to hide behind the skirts of its
subsidiary, Ionosphere Clubs, Inc., a New York corporation, in
order to get into SDNY. Six minutes later, Eastern itself filed in
the same court as a related proceeding.

The case was assigned to Judge Burton Lifland, whom Eastern's
bankruptcy lawyer, Harvey Miller, knew well, but Lorenzo was
mistaken if he believed that serendipitous lottery assignment
would
be his salvation. Judge Lifland a year later declared Lorenzo
unfit
to run the airline and appointed Martin Shugrue as trustee.

Most hated man or not, one wonders whether the debacle was all
Lorenzo's fault. Eastern's unions, in particular the notoriously
militant machinists, were perpetual malcontents, and Charlie Bryan
was an anti-management zealot, to the point of exasperating even
other IAM officers.

The book provides a detailed account of the three-and-a-half-year
period between Lorenzo's acquisition of Eastern in the autumn of
1986 and Judge Lifland's appointment of the trustee in April 1990.
It includes the history of Eastern's pre-Lorenzo management, from
World War I flying ace Eddie Rickenbacker to astronaut Frank
Borman.

Aaron Bernstein won numerous awards during his 20-year career as a
professional journalist. He is an associated editor for Business
Week.

Aaron Bernstein is the editor of Global Proxy Watch, a corporate
governance newsletter for institutional investors.  He is also a
non-resident Senior Research Fellow at the Pensions and Capital
Stewardship Project at Harvard Law School.  He left BusinessWeek
magazine in 2006 after a 23-year career as an editor and senior
writer covering workplace and social issues.


                            *********

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

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

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

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

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

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

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

                            *********

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

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

Copyright 2021.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
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herein is obtained from sources believed to be reliable, but is
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                   *** End of Transmission ***