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/raid1/www/Hosts/bankrupt/TCR_Public/111029.mbx T R O U B L E D C O M P A N Y R E P O R T E R Saturday, October 29, 2011, Vol. 15, No. 300 Headlines 4KIDS ENTERTAINMENT: Ends September 2011 With $389,479 Cash 4KIDS ENTERTAINMENT: 4Kids Ad Sales Ends Sept. With $65,238 Cash 4KIDS ENTERTAINMENT: 4Sight Licensing Ends Sept With $182,559 Cash 4KIDS ENTERTAINMENT: Licensing Ends Sept. 2011 With $239,652 Cash 4KIDS ENTERTAINMENT: Music Ends September 2011 With $313,748 Cash 4KIDS ENTERTAINMENT: Productions Ends September With $189,892 Cash AMERICANWEST BANCORP: Posts $4,715 Net Loss in September 2011 ARCHBROOK LAGUNA: Amends Initial MOR to Include Disbursement Table ARCHBROOK LAGUNA: Ends September 2011 With $1.2 Million Cash BEAR ISLAND: Reports $1.2 Million Net Income in August 2011 BLACK CROW: Reports Pre-tax Earnings of $121,631 in September 2011 EVERGREEN SOLAR: Posts $1.4 Million Net Loss From Aug. 16 - 27 FRIENDLY ICE: Files Initial Monthly Operating Report HUDSON HEALTHCARE: Ends August 2011 With $1.18 Million Cash LAW ENFORCEMENT: Files Initial Monthly Operating Report MARCO POLO: Ends September 2011 With $1.5 Million Cash NUTRITION 21: Posts $188,937 Net Loss in September 2011 PALM HARBOR: Posts $781,560 Net Loss in August 2011 PRECISION PARTS: Ends August 2011 With $557,443 Cash PURE BEAUTY: Files Initial Monthly Operating Report ROBB & STUCKY: Ends August 2011 With $5.7 Million Cash SAINT VINCENTS: Posts $1.9 Million Net Loss in August 2011 SHARPER IMAGE: Ends September 2011 With $2.2 Million Cash SHENGDATECH INC: Files Initial Monthly Operating Report SOUTH EDGE: Ends September 2011 With $1.09 Million Cash SPECIALTY PRODUCTS: Ends August 2011 With $24.8 Million Cash THORNBURG MORTGAGE: Ends September With $105.7 Million Cash TOUSA INC: Ends September 2011 With $498.9 Million Cash VITRO SAB: Mukki LLC Posts $1.2 Million in September 2011 ********* 4KIDS ENTERTAINMENT: Ends September 2011 With $389,479 Cash ----------------------------------------------------------- 4Kids Entertainment, Inc., filed its monthly operating report for September 2011 on Oct. 14, 2011. 4Kids Entertainment, Inc., ended September 2011 with $389,479 cash: Cash, Beginning $757,077 Receipts $543,945 Disbursements $911,543 Net Cash Flow ($367,598) Cash, End $389,479 A copy of the September 2011 operating report is available for free at http://bankrupt.com/misc/4kidsentertainment.mor.dkt331.pdf About 4Kids Entertainment New York-based 4Kids Entertainment, Inc., dba 4Kids, is an entertainment and media company specializing in the youth oriented market, with operations in these business segments: (i) licensing, (ii) advertising and media broadcast, and (iii) television and film production/distribution. The parent entity, 4Kids Entertainment, was organized as a New York corporation in 1970. 4Kids filed for Chapter 11 to protect its most valuable asset -- its rights under an exclusive license relating to the popular Yu-Gi- Oh! ("YGO") series of animated television programs -- from efforts by the licensor, a consortium of Japanese companies, to terminate the license and force 4Kids out of business. 4Kids, along with affiliates, filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead Case No. 11-11607) on April 6, 2011. Kaye Scholer LLP is the Debtors' restructuring counsel. Epiq Bankruptcy Solutions, LLC, is the Debtors' claims and notice agent. BDO Capital Advisors, LLC, is the financial advisor and investment banker. EisnerAmper LLP fka Eisner LLP serves as auditor and tax advisor. 4Kids Entertainment disclosed $78,397,971 in assets and $86,515,395 in liabilities as of the Chapter 11 filing. On July 8, 2011, Tracy Hope Davis, the U.S. Trustee for Region 2, appointed three members to the official committee of unsecured creditors in the Chapter 11 cases. Hahn & Hessen LLP serves as counsel to the Committee. 4KIDS ENTERTAINMENT: 4Kids Ad Sales Ends Sept. With $65,238 Cash ---------------------------------------------------------------- 4Kids Ad Sales, Inc., filed its monthly operating reports for September 2011 on Oct. 14, 2011. 4Kids Ad Sales, Inc., ended September 2011 with $65,238 cash: Cash, Beginning $730,476 Receipts $97,685 Disbursements $762,923 Net Cash Flow ($665,238) Cash, End $65,238 A copy of the September 2011 operating report is available for free at http://bankrupt.com/misc/4kidsadsales.mor.dkt332.pdf About 4Kids Entertainment New York-based 4Kids Entertainment, Inc., dba 4Kids, is an entertainment and media company specializing in the youth oriented market, with operations in these business segments: (i) licensing, (ii) advertising and media broadcast, and (iii) television and film production/distribution. The parent entity, 4Kids Entertainment, was organized as a New York corporation in 1970. 4Kids filed for Chapter 11 to protect its most valuable asset -- its rights under an exclusive license relating to the popular Yu-Gi- Oh! ("YGO") series of animated television programs -- from efforts by the licensor, a consortium of Japanese companies, to terminate the license and force 4Kids out of business. 4Kids, along with affiliates, filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead Case No. 11-11607) on April 6, 2011. Kaye Scholer LLP is the Debtors' restructuring counsel. Epiq Bankruptcy Solutions, LLC, is the Debtors' claims and notice agent. BDO Capital Advisors, LLC, is the financial advisor and investment banker. EisnerAmper LLP fka Eisner LLP serves as auditor and tax advisor. 4Kids Entertainment disclosed $78,397,971 in assets and $86,515,395 in liabilities as of the Chapter 11 filing. On July 8, 2011, Tracy Hope Davis, the U.S. Trustee for Region 2, appointed three members to the official committee of unsecured creditors in the Chapter 11 cases. Hahn & Hessen LLP serves as counsel to the Committee. 4KIDS ENTERTAINMENT: 4Sight Licensing Ends Sept With $182,559 Cash ------------------------------------------------------------------ 4Sight Licensing Solutions, Inc., filed its monthly operating reports for September 2011 on Oct. 14, 2011. 4Sight Licensing Solutions, Inc., ended September 2011 with $182,559 cash: Cash, Beginning $122,138 Receipts $60,420 Disbursements $0 Net Cash Flow $60,420 Cash, End $182,559 A copy of the September 2011 operating report is available for free at http://bankrupt.com/misc/4sightlicensing.mor.dkt340.pdf About 4Kids Entertainment New York-based 4Kids Entertainment, Inc., dba 4Kids, is an entertainment and media company specializing in the youth oriented market, with operations in these business segments: (i) licensing, (ii) advertising and media broadcast, and (iii) television and film production/distribution. The parent entity, 4Kids Entertainment, was organized as a New York corporation in 1970. 4Kids filed for Chapter 11 to protect its most valuable asset -- its rights under an exclusive license relating to the popular Yu-Gi- Oh! ("YGO") series of animated television programs -- from efforts by the licensor, a consortium of Japanese companies, to terminate the license and force 4Kids out of business. 4Kids, along with affiliates, filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead Case No. 11-11607) on April 6, 2011. Kaye Scholer LLP is the Debtors' restructuring counsel. Epiq Bankruptcy Solutions, LLC, is the Debtors' claims and notice agent. BDO Capital Advisors, LLC, is the financial advisor and investment banker. EisnerAmper LLP fka Eisner LLP serves as auditor and tax advisor. 4Kids Entertainment disclosed $78,397,971 in assets and $86,515,395 in liabilities as of the Chapter 11 filing. On July 8, 2011, Tracy Hope Davis, the U.S. Trustee for Region 2, appointed three members to the official committee of unsecured creditors in the Chapter 11 cases. Hahn & Hessen LLP serves as counsel to the Committee. 4KIDS ENTERTAINMENT: Licensing Ends Sept. 2011 With $239,652 Cash ----------------------------------------------------------------- 4Kids Entertainment Licensing, Inc., filed its monthly operating report for September 2011 on Oct. 14, 2011. 4Kids Entertainment Licensing ended October 2011 with $239,652 cash: Cash, Beginning $1,681,590 Receipts $920,993 Disbursements $2,362,930 Net Cash Flow ($1,441,937) Cash, End $239,652 A copy of the September 2011 monthly operating report is available for free at: http://bankrupt.com/misc/4kidsentlicensing.mor.dkt336.pdf About 4Kids Entertainment New York-based 4Kids Entertainment, Inc., dba 4Kids, is an entertainment and media company specializing in the youth oriented market, with operations in these business segments: (i) licensing, (ii) advertising and media broadcast, and (iii) television and film production/distribution. The parent entity, 4Kids Entertainment, was organized as a New York corporation in 1970. 4Kids filed for Chapter 11 to protect its most valuable asset -- its rights under an exclusive license relating to the popular Yu-Gi- Oh! ("YGO") series of animated television programs -- from efforts by the licensor, a consortium of Japanese companies, to terminate the license and force 4Kids out of business. 4Kids, along with affiliates, filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead Case No. 11-11607) on April 6, 2011. Kaye Scholer LLP is the Debtors' restructuring counsel. Epiq Bankruptcy Solutions, LLC, is the Debtors' claims and notice agent. BDO Capital Advisors, LLC, is the financial advisor and investment banker. EisnerAmper LLP fka Eisner LLP serves as auditor and tax advisor. 4Kids Entertainment disclosed $78,397,971 in assets and $86,515,395 in liabilities as of the Chapter 11 filing. On July 8, 2011, Tracy Hope Davis, the U.S. Trustee for Region 2, appointed three members to the official committee of unsecured creditors in the Chapter 11 cases. Hahn & Hessen LLP serves as counsel to the Committee. 4KIDS ENTERTAINMENT: Music Ends September 2011 With $313,748 Cash ----------------------------------------------------------------- 4Kids Entertainment Music, Inc., filed its monthly operating report for September 2011 on Oct. 14, 2011. 4Kids Entertainment Music, Inc., ended September 2011 with $313,748 cash: Cash, Beginning $0 Receipts $313,748 Disbursements $0 Net Cash Flow $313,748 Cash, End $313,748 A copy of the September 2011 operating report is available for free at http://bankrupt.com/misc/4kidsentmusic.mor.dkt335.pdf About 4Kids Entertainment New York-based 4Kids Entertainment, Inc., dba 4Kids, is an entertainment and media company specializing in the youth oriented market, with operations in these business segments: (i) licensing, (ii) advertising and media broadcast, and (iii) television and film production/distribution. The parent entity, 4Kids Entertainment, was organized as a New York corporation in 1970. 4Kids filed for Chapter 11 to protect its most valuable asset -- its rights under an exclusive license relating to the popular Yu-Gi- Oh! ("YGO") series of animated television programs -- from efforts by the licensor, a consortium of Japanese companies, to terminate the license and force 4Kids out of business. 4Kids, along with affiliates, filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead Case No. 11-11607) on April 6, 2011. Kaye Scholer LLP is the Debtors' restructuring counsel. Epiq Bankruptcy Solutions, LLC, is the Debtors' claims and notice agent. BDO Capital Advisors, LLC, is the financial advisor and investment banker. EisnerAmper LLP fka Eisner LLP serves as auditor and tax advisor. 4Kids Entertainment disclosed $78,397,971 in assets and $86,515,395 in liabilities as of the Chapter 11 filing. On July 8, 2011, Tracy Hope Davis, the U.S. Trustee for Region 2, appointed three members to the official committee of unsecured creditors in the Chapter 11 cases. Hahn & Hessen LLP serves as counsel to the Committee. 4KIDS ENTERTAINMENT: Productions Ends September With $189,892 Cash ------------------------------------------------------------------ 4Kids Productions, Inc., filed its monthly operating report for September 2011 on Oct. 14, 2011. 4Kids Productions, Inc., ended September 2011 with $189,892 cash: Cash, Beginning $147,166 Receipts $123,017 Disbursements $80,290 Net Cash Flow $42,727 Cash, End $189,892 A copy of the September 2011 operating report is available for free at http://bankrupt.com/misc/4kidsproductions.mor.dkt337.pdf About 4Kids Entertainment New York-based 4Kids Entertainment, Inc., dba 4Kids, is an entertainment and media company specializing in the youth oriented market, with operations in these business segments: (i) licensing, (ii) advertising and media broadcast, and (iii) television and film production/distribution. The parent entity, 4Kids Entertainment, was organized as a New York corporation in 1970. 4Kids filed for Chapter 11 to protect its most valuable asset -- its rights under an exclusive license relating to the popular Yu-Gi- Oh! ("YGO") series of animated television programs -- from efforts by the licensor, a consortium of Japanese companies, to terminate the license and force 4Kids out of business. 4Kids, along with affiliates, filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead Case No. 11-11607) on April 6, 2011. Kaye Scholer LLP is the Debtors' restructuring counsel. Epiq Bankruptcy Solutions, LLC, is the Debtors' claims and notice agent. BDO Capital Advisors, LLC, is the financial advisor and investment banker. EisnerAmper LLP fka Eisner LLP serves as auditor and tax advisor. 4Kids Entertainment disclosed $78,397,971 in assets and $86,515,395 in liabilities as of the Chapter 11 filing. On July 8, 2011, Tracy Hope Davis, the U.S. Trustee for Region 2, appointed three members to the official committee of unsecured creditors in the Chapter 11 cases. Hahn & Hessen LLP serves as counsel to the Committee. AMERICANWEST BANCORP: Posts $4,715 Net Loss in September 2011 ------------------------------------------------------------- On Oct. 14, 2011, AmericanWest Bancorporation filed with the U.S. Bankruptcy Court for the Eastern District of Washington its monthly operating report for September 2011. The Debtor reported a net loss of $4,715 on $0 revenue for the month of September. The net loss for the month of August was $8,693. At Sept. 30, 2011, the Debtor had total assets of $7.0 million, total liabilities of $47.4 million, and a stockholders' deficit of $40.4 million. The book balance of cash at Sept. 30, 2011, was $5.61 million compared to $5.63 million at Aug. 31, 2011. A copy of the monthly operating report is available for free at: http://is.gd/5Ds1Du About AmericanWest Bancorporation Headquartered in Spokane, Washington, AmericanWest Bancorporation (OTC BB: AWBC) -- http://www.awbank.net/-- is a bank holding company whose principal subsidiary is AmericanWest Bank, which includes Far West Bank in Utah operating as an integrated division of AmericanWest Bank. AmericanWest Bank is a community bank with 58 financial centers located in Washington, Northern Idaho and Utah. AmericanWest Bancorporation filed for Chapter 11 protection (Bankr. E.D. Wash. Case No. 10-06097) on Oct. 28, 2010. The banking subsidiary was not including in the Chapter 11 filing. Christopher M. Alston, Esq., and Dillon E. Jackson, Esq., at Foster Pepper Shefelman PLLC, in Seattle, Washington, serve as bankruptcy counsel. G. Larry Engel, Esq., at Morrison & Foerster LLP, also serve as counsel. The Debtor estimated assets of $1 million to $10 million and debts of $10 million to $50 million in its Chapter 11 petition. AmericanWest Bancorporation's estimates exclude its banking unit's assets and debts. In its Form 10-Q filed with the Securities and Exchange Commission before the Petition Date, AmericanWest Bancorporation reported consolidated assets -- including its bank unit's -- of $1.536 billion and consolidated debts of $1.538 billion as of Sept. 30, 2010. In December 2010, AmericanWest Bancorporation completed the sale of all outstanding shares of its wholly-owned subsidiary, AmericanWest Bank, to a wholly owned subsidiary of SKBHC Holdings LLC, in a transaction approved by the U.S. Bankruptcy Court. ARCHBROOK LAGUNA: Amends Initial MOR to Include Disbursement Table ------------------------------------------------------------------ As reported in the TCR on Oct. 15, 2011, ArchBrook Laguna Holding LLC, et al., filed their monthly operating report for the period from July 8, 2011, to Aug. 31, 2011. A copy of the monthly operating report, filed Sept. 20, 2011, is available for free at: http://bankrupt.com/misc/archbrooklaguna.initialmor.pdf On Oct. 21, 2011, the Debtors amended the monthly operating report to include a schedule of disbursements by the Debtor, as set forth below: ArchBrook Laguna Holdings LLC - ArchBrook Laguna New York LLC - ArchBrook Laguna LLC $35,667,223.60 ArchBrook Laguna West LLC - Expert Warehouse LLC $1,466,106.65 Lehrhoff ABL LLC $5,075,714.75 Chimerica Global Logistics LLC - A copy of the schedule of disbursements is available for free at: http://bankrupt.com/misc/archbrooklaguna.dkt298.pdf About ArchBrook Laguna ArchBrook was a procurement and distribution intermediary between production companies and end retailers. It distributed consumer electronics, computers and appliances to principal customers that include Wal-Mart Stores Inc., Best Buy Co. and Costco Wholesale Corp. ArchBrook disclosed assets of $246.2 million against debt totaling $176.4 million as of March 31, 2011. ArchBrook Laguna Holdings LLC and certain of its affiliates filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 11-13292) on July 8, 2011. Ira S. Dizengoff, Esq., Michael P. Cooley, Esq., and Alexis Freeman, Esq., at Akin Gump Strauss Hauer & Feld LLP, in New York, serve as bankruptcy counsel to ArchBrook Laguna. The Company is being advised by Macquarie Capital (USA) Inc. with respect to the sale process and by Hawkwood Consulting LLC, whose founder Stephen J. Gawrylewski is Chief Restructuring Officer of the Company. Macquarie Capital (USA) Inc. is the financial advisor. PricewaterhouseCoopers LLP is a consultant. Cooley LLP, in New York, is the counsel for the Official Committee of Unsecured Creditors. On Aug. 12, 2011, ArchBrook Laguna LLC won approval to sell its consumer electronics and appliances distribution business to Gordon Brothers Group LLC for some $25 million, after fielding offers at an auction. On Aug. 15, 2011, the sale closed. ARCHBROOK LAGUNA: Ends September 2011 With $1.2 Million Cash ------------------------------------------------------------ ArchBrook Laguna Holding LLC, et al., filed on Oct. 21, 1011, an amended monthly operating report for the period from Sept. 1, 2011, to Sept. 30, 2011, which resolves certain formulaic inconsistencies due to a data input error the Debtors discovered on Oct. 19, 2011. The Debtors reported a net loss of $3.83 million on $nil revenue for the month of September 2011. Reorganization items totaled $3.64 million and consisted of professional fees of $477,993 and and other reorganization items of $3.16 million (including adjustments to Loss on the GBG Sale Transaction of $3.05 million). Based on the Debtors' submitted schedule of cash receipts and disbursements, the Debtors ended the period with $1,219,717 cash, compared with $3,659,118 at the beginning of the period. The Debtors paid a total of $2,370,319 in professional fees during the period. Payments to insiders totaled $101,896. Amounts reported are based from the Debtors' books and not the bank statement. The Debtors' balance sheet at Sept. 30, 2011, showed $1.31 million in total assets, $94.63 million in total liabilities, and stockholders' deficit of $93.31 million. A copy of the amended September 2011 monthly operating report is available for free at: http://bankrupt.com/misc/archbrooklaguna.dkt299.pdf About ArchBrook Laguna ArchBrook was a procurement and distribution intermediary between production companies and end retailers. It distributed consumer electronics, computers and appliances to principal customers that include Wal-Mart Stores Inc., Best Buy Co. and Costco Wholesale Corp. ArchBrook disclosed assets of $246.2 million against debt totaling $176.4 million as of March 31, 2011. ArchBrook Laguna Holdings LLC and certain of its affiliates filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 11-13292) on July 8, 2011. Ira S. Dizengoff, Esq., Michael P. Cooley, Esq., and Alexis Freeman, Esq., at Akin Gump Strauss Hauer & Feld LLP, in New York, serve as bankruptcy counsel to ArchBrook Laguna. The Company is being advised by Macquarie Capital (USA) Inc. with respect to the sale process and by Hawkwood Consulting LLC, whose founder Stephen J. Gawrylewski is Chief Restructuring Officer of the Company. Macquarie Capital (USA) Inc. is the financial advisor. PricewaterhouseCoopers LLP is a consultant. Cooley LLP, in New York, is the counsel for the Official Committee of Unsecured Creditors. On Aug. 12, 2011, ArchBrook Laguna LLC won approval to sell its consumer electronics and appliances distribution business to Gordon Brothers Group LLC for some $25 million, after fielding offers at an auction. On Aug. 15, 2011, the sale closed. BEAR ISLAND: Reports $1.2 Million Net Income in August 2011 ----------------------------------------------------------- Bear Island Paper Company, L.L.C., reported net income of $1.2 million on net sales of $12.1 million for August 2011. Gross profit was $1.6 million. At Aug. 31, 2011, the Company had $143.9 million in total assets, $153.1 million in total liabilities, and a stockholders' deficit of $9.2 million. A copy of the operating report is available for free at: http://bankrupt.com/misc/bearisland.aug2011mor.pdf About White Birch & Bear Island Canada-based White Birch Paper Company is the second largest newsprint producer in North America. As of Dec. 31, 2009, the White Birch Group held a 12% share of the North American newsprint market and employed roughly 1,300 individuals (the majority of which reside in Canada). Bear Island Paper Company, L.L.C., is a U.S.-based unit of White Birch. Bear Island filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Case No. 10-31202) on Feb. 24, 2010. At June 30, 2011, the Company had $141.9 million in total assets, $153.2 million in total liabilities, and a stockholders' deficit of $11.3 million. White Birch filed for bankruptcy protection under Canada's Companies' Creditors Arrangement Act, before the Superior Court for the Province of Quebec, Commercial Division, Judicial District of Montreal, Canada. White Birch and five other affiliates -- F.F. Soucy Limited Partnership; F.F. Soucy, Inc. & Partners, Limited Partnership; Papier Masson Ltee; Stadacona Limited Partnership; and Stadacona General Partner, Inc. -- also sought bankruptcy protection under Chapter 15 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 10-31234). Jonathan L. Hauser, Esq., at Troutman Sanders LLP, in Virginia Beach, Virginia; and Richard M. Cieri, Esq., Christopher J. Marcus, Esq., and Michael A. Cohen, Esq., at Kirkland & Ellis LLP, in New York, serve as counsel to White Birch, as Foreign Representative. Kirkland & Ellis and Troutman Sanders also serve as Chapter 11 counsel to Bear Island. AlixPartners LLP serves as financial and restructuring advisors to Bear Island, and Lazard Freres & Co., serves as investment banker. Garden City Group is the claims and notice agent. Jason William Harbour, Esq., at Hunton & Williams LLP, in Richmond, Virginia, represents the Official Committee of Unsecured Creditors. Chief Judge Douglas O. Tice, Jr., handles the Chapter 11 and Chapter 15 cases. As reported in the TCR on Oct. 10, 2011, the Debtor won bankruptcy court approval to seek votes on its amended liquidation plan. The confirmation hearing is scheduled for Nov. 22, at 2:00 p.m. The deadline to file an objection to the confirmation of the Plan and to vote to accept or reject the Plan is on Nov. 14. BLACK CROW: Reports Pre-tax Earnings of $121,631 in September 2011 ------------------------------------------------------------------ Black Crow Media Group, LLC, et al., filed on Oct. 24, 2011, their monthly operating report for the month ended Sept. 30, 2011. Black Crow Media Group LLC, et al., reported pretax earnings of $121,631 on $1.1 million of revenues for September. Reorganization expenses in the month totaled $107,000. At Sept. 30, 2011, the Debtors had $38.1 million in total assets, $47.6 million in total liabilities, and a stockholders' deficit of $9.5 million. A copy of the September 2011 operating report is available for free at http://bankrupt.com/misc/blackcrow.sept2011mor.pdf Black Crow Media Group, LLC, et al., filed on Sept. 29, 2011, their monthly operating report for the month ended Aug. 31, 2011. The Debtors did not attach a current Balance Sheet and Income (Profit & Loss) Statement. A copy of the August 2011 operating report is available for free at http://bankrupt.com/misc/blackcrow.aug2011mor.pdf About Black Crow Daytona Beach, Florida-based Black Crow Media Group, LLC, owns and operates 17 FM and 5 AM radio stations in Daytona Beach, Live Oak, Valdosta, Huntsville, Alabama, and Jackson, Tennessee. Black Crow filed for Chapter 11 protection two days before a hearing in U.S. district court where GECC was seeking appointment of a receiver following default on term loans and a revolving credit. The Company filed for Chapter 11 bankruptcy protection (Bankr. M.D. Fla. Case No. 10-00172) on Jan. 11, 2010. The Company's affiliates -- Black Crow Media, LLC, et al. -- also filed separate Chapter 11 petitions. H. Jason Gold, Esq., Valerie P. Morrison, Esq., and Dylan G. Trache, Esq., at Wiley Rein LLP, in McLean, Virginia, serve as the Debtors' counsel. Mariane L. Dorris, Esq., and R. Scott Shuker, Esq., at Latham, Shuker, Eden & Beaudine, LLP, have been tapped as co-counsel. Protiviti Inc. is the Debtors' financial advisor. Epiq Bankruptcy Solutions, LLC, is the claims and notice agent. Brian G. Rich, Esq., and Douglas Bates, Esq., at Berger Singerman, P.A., represent the Official Committee of Unsecured Creditors. Black Crow disclosed $14,661,198 in assets and $48,830,319 in liabilities as of the Chapter 11 filing. EVERGREEN SOLAR: Posts $1.4 Million Net Loss From Aug. 16 - 27 -------------------------------------------------------------- On Sept. 30, 2011, Evergreen Solar, Inc., filed its monthly operating report for the period from Aug. 16, 2011, to Aug. 27, 2011, with the U.S. Bankruptcy Court for the District of Delaware. The Debtor reported a net loss of $1.4 million on $0 revenue for the period. At copy of the operating report is available for free at: http://is.gd/7ic7gs About Evergreen Solar Evergreen Solar, Inc. -- http://www.evergreensolar.com/-- develops, manufactures and markets String Ribbon solar power products using its proprietary, low-cost silicon wafer technology. The Company's patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar's products provide reliable and environmentally clean electric power for residential and commercial applications globally. The Marlboro, Mass.-based Company filed for Chapter 11 bankruptcy (Bankr. D. Del. Case No. 11-12590) on Aug. 15, 2011, before Judge Mary F. Walrath. The Company's balance sheet at April 2, 2011, showed $373,972,000 in assets, $455,506,000 in total liabilities, and a stockholders' deficit of $81,534,000. Ronald J. Silverman, Esq., and Scott K. Seamon, Esq., at Bingham McCutchen LLP, serve as general bankruptcy counsel to the Debtor. Laura Davis Jones, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang Ziehl & Jones LLP, serve as co-counsel. Hilco Industrial LLC serves as exclusive marketing and sales agent. Klehr Harrison Harvey Branzburg serves as special conflicts counsel. Zolfo Cooper LLC is the financial advisor. UBS Securities, LLC, serves as investment banker. Epiq Bankruptcy Solutions has been tapped as claims agent. In conjunction with the Chapter 11 filing, the Company entered into a restructuring support agreement with certain holders of more than 70% of the outstanding principal amount of the Company's 13% convertible senior secured notes. As part of the bankruptcy process the Company will undertake a marketing process and will permit all parties to bid on its assets, as a whole or in groups pursuant to 11 U.S.C. Sec. 363. An entity formed by the supporting noteholders, ES Purchaser, LLC, entered into an asset purchase agreement with the Company to serve as a "stalking-horse" and provide a "credit-bid" pursuant to the Bankruptcy Code for assets being sold. The supporting noteholders are represented by Michael S. Stainer, Esq., and Natalie E. Levine, Esq., at Akin Gump Strauss Hauer & Feld LLP, in New York. An official committee of unsecured creditors has retained Pepper Hamilton and Kramer Levin Naftalis & Frankel as counsel. The Committee tapped Garden City Group as communications services agent. Evergreen Solar is at least the fourth solar company to seek court protection from creditors since August 2011. Other solar firms are start-up Spectrawatt Inc., which also filed in August, Solyndra Inc., which filed early in September, and Stirling Energy Systems Inc., which filed for Chapter 7 bankruptcy late in September. FRIENDLY ICE: Files Initial Monthly Operating Report ---------------------------------------------------- Friendly Ice Cream Corp. filed with the U.S. Bankruptcy Court for the District of Delaware on Oct. 20, 2011, an initial monthly operating report. The Debtor submitted a 13-week budget for the period commencing Oct. 7, 2011, and ending Dec. 30, 2011. A copy of the initial monthly operating report is available for free at http://bankrupt.com/misc/friendlyice.initialmor.pdf About Friendly Ice Cream Friendly Ice Cream Corp. -- http://www.friendlys.com/-- the owner and franchiser of 490 full-service, family-oriented restaurants and provider of ice cream products in the Eastern United States, filed for Chapter 11 reorganization together with four affiliates (Bankr. D. Del. Lead Case No. 11-13167) on Oct. 5, 2011, to sell the business mostly in exchange for debt to Sundae Group Holdings II LLC, a unit of Sun Capital Partners Inc. The existing owner and holder of the Debtors' second-lien debt are also affiliates of Sun Capital. Friendly's, based in Wilbraham, Massachusetts, also announced the closing of 63 stores, leaving about 424 operating. Franchise operators have about 230 of the locations. Judge Kevin Gross oversees the case. James A. Stempel, Esq., Ross M. Kwasteniet, Esq., and Jeffrey D. Pawlitz, Esq., at Kirkland & Ellis LLP; and Laura Davis Jones, Esq., Timothy P. Cairns, Esq., and Kathleen P. Makowski, Esq., at Pachulski Stang Ziehl & Jones LLP, serve as the Debtors' bankruptcy counsel. Zolfo Cooper serves as the Debtors' financial advisors. In its petition, Friendly Ice Cream Corp. estimated $100 million to $500 million in assets and debts. The petitions were signed by Steven C. Sanchioni, executive vice president, chief financial officer, treasurer, and assistant secretary. Sundae Group Holdings proposes to pay about $120 million for the business. The price includes enough cash to pay first-lien debt and an amount of cash for unsecured creditors to be negotiated with the official creditors' committee. Aside from cash, Sun Capital will make a credit bid from the $267.7 million in second- lien, pay-in-kind notes. The bid from Sun Capital is subject to higher and better offers at an auction. Under the proposed time-line, bids would be due Nov. 24, followed by an auction on Dec. 1. A competing bid must be at least $122.6 million in cash. Friendly's is the second company under Sun Capital's portfolio to file for bankruptcy in a span of two days. Mexican-food chain Real Mex, which operates restaurants such as Chevys, filed in Delaware bankruptcy court on Oct. 3, 2011. HUDSON HEALTHCARE: Ends August 2011 With $1.18 Million Cash ----------------------------------------------------------- Hudson Healthcare Inc. filed with the U.S. Bankruptcy Court for the District of New Jersey its monthly operating report for the month ended Aug. 31, 2011. The Debtor reported a net loss of $9,267 on $11.1 million of revenue for the month. The Debtor incurred a total of $384,453 in professional fees in the month. At Aug. 31, 2011, the Debtor had $36.7 million in total assets, $37.1 in total liabilities, and a stockholders' deficit of $416,201. The Debtor ended the period with $1,178,006 cash. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/hudsonhealthcare.dkt281.pdf About Hudson Healthcare Hudson Healthcare Inc. is the nonprofit operator of Hoboken University Medical Center in Hoboken, New Jersey. Hudson Healthcare filed for Chapter 11 protection (Bankr. D. N.J. Case No. 11-33014) in Newark on Aug. 1, 2011, estimating assets and debt of less than $50 million. Affiliate Hoboken Municipal Hospital Authority also sought Chapter 11 protection. Attorneys at Trenk, Dipasquale, Webster, et al., serve as counsel to the Debtor. Daniel McMurray, the patient care ombudsman, has tapped Neubert, Pepe & Monteith P.C. as his counsel effective Aug. 25, 2011. The Official Committee of Unsecured Creditors of Hudson Healthcare has retained Sills Cummis & Gross P.C. as its counsel, nunc pro tunc to Aug. 12, 2011. LAW ENFORCEMENT: Files Initial Monthly Operating Report ------------------------------------------------------- On Sept. 30, 2011, Law Enforcement Associates Corporation filed with the U.S. Bankruptcy Court for the Eastern District of North Carolina its monthly operating report for the period July 27, 2011, to Aug. 31, 2011. Law Enforcement Associates, Inc., reported net income of $27,862 on $599,165 of revenues for the period. The Debtor's balance sheet at Aug. 31, 2011, showed $2.15 million in total assets, $2.77 million in total liabilities, and a stockholders' deficit of $619,782. A copy of the monthly operating report is available for free at: http://is.gd/E2a98U About Law Enforcement Law Enforcement Associates Corporation was formed on Dec. 3, 2001, when the Company acquired all the outstanding stock of Law Enforcement Associates, Inc., a New Jersey company, incorporated in 1972, doing business in North Carolina. The Company's operations consist of the manufacturing and providing of surveillance and intelligence gathering products and vehicle inspection equipment. Products are used by law enforcement agencies, the military, security, and correctional organizations. Law Enforcement Associates Corporation filed a Chapter 11 bankruptcy petition (Bankr. E.D.N.C. Case No. 11-05686) on July 27, 2011. William P. Janvier, Esq., at Janvier Law Firm, PLLC, in Raleigh, North Carolina, serves as counsel. In the petition, the Debtor estimated assets of up to $50,000 and debts of up to $10 million. MARCO POLO: Ends September 2011 With $1.5 Million Cash ------------------------------------------------------ Marco Polo Seatrade B.V., et al., filed on Oct.14, 2011, their monthly operating report for the period from Sept. 1, 2011, to Sept. 30, 2011. At Aug. 31, 2011, the Debtors had $299.2 million in total assets, $339.7 million in total liabilities, and stockholders' deficit of $40.5 million. The Debtors ended the period with $1,528,839 cash. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/marcopolo.sept2011mor.pdf About Marco Polo Marco Polo Seatrade B.V. operates an international commercial vessel management company that specializes in providing commercial and technical vessel management services to third parties. Founded in 2005, the Company mainly operates under the name of Seaarland Shipping Management and maintains corporate Headquarters in Amsterdam, the Netherlands. The primary assets consist of six tankers that are regularly employed in international trade, and call upon ports worldwide. Marco Polo and three affiliated entities filed for Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 11-13634) on July 29, 2011. The other affiliates are Seaarland Shipping Management B.V.; Magellano Marine C.V.; and Cargoship Maritime B.V. Marco Polo is the sole owner of Seaarland, which in turn is the sole owner of Cargoship, and also holds a 5% stake in Magellano. The remaining 95% stake in Magellano is owned by Amsterdam-based Poule B.V., while another Amsterdam company, Falm International Holding B.V. is the sole owner of Marco Polo. Falm and Poule didn't file bankruptcy petitions. The filings were prompted after lender Credit Agricole Corporate & Investment Bank seized one ship on July 21, 2011, and was on the cusp of seizing two more on July 29. The arrest of the vessel was authorized by the U.K. Admiralty Court. Credit Agricole also attached a bank account with almost $1.8 million on July 29. The Chapter 11 filing precluded the seizure of the two other vessels. Evan D. Flaschen, Esq., Robert G. Burns, Esq., and Andrew J. Schoulder, Esq., at Bracewell & Giuliani LLP, serve as bankruptcy counsel. The cases are before Judge James M. Peck. The petition said assets and debt are both more than $100 million and less than $500 million. NUTRITION 21: Posts $188,937 Net Loss in September 2011 ------------------------------------------------------- On Oct. 20, 2011, Nutrition 21, Inc., filed with the U.S. Bankruptcy Court for the Southern District of New York its monthly operating report for the period from Aug. 26, 2011, through Sept. 30, 3011. The Debtor reported a net loss of $188,937 on $l.10 million of revenues for the month of September 2011. The Debtor's balance sheet at Sept. 30, 2011, showed $3.17 million in total assets, $186,494 in total liabilities, all current, $17.75 million and stockholders' deficit of $14.77 million. The Debtor had a net loss of $34,760 on $17,030 of revenues for the period from Aug. 26, 2011, through Aug. 31, 2011. The Debtor's balance sheet at Aug. 31, 2011, showed $2.73 million in total assets, $177,173 in total liabilities, all current, $17.18 million and stockholders' deficit of $14.62 million. A copy of the monthly operating report is available for free at http://is.gd/35CBJP Purchase, N.Y.-based Nutrition 21, Inc. -- http://www.nutrition21.com/-- is a nutritional bioscience company that primarily develops and markets raw materials, formulations, compounds, blends and bulk and other materials to third-party non- end users to be further fabricated, blended or packaged for ultimate sales to end-users as nutritional supplements or otherwise. The Company holds more than 30 patents for nutrition products and their uses. Nutrition 21 and its debtor affiliates filed for Chapter 11 bankruptcy (Bankr. S.D.N.Y. Lead Case No. 11-23712) on Aug. 26, 2011. Michael Friedman, Esq., and Keith N. Sambur, Esq., at Richards Kibbe & Orbe LLP, serve as the Debtors' counsel. The Company entered into a Plan Support Agreement, dated as of Aug. 26, 2011, with holders of approximately 90% of the Company's outstanding Series J Preferred Stock. The holders of Series J Preferred Stock that are parties to the Plan Support Agreement have agreed, subject to certain conditions, to vote in favor of a plan of reorganization to be proposed by the Company in respect of the Bankruptcy Case, so long as that plan is consistent with the term sheet attached to the Plan Support Agreement setting forth material terms of a potential plan of reorganization. The Plan Term Sheet generally contemplates that the Debtors' assets will be sold or liquidated and distributed to holders of claims and equity interests in accordance with the statutory distribution and priority scheme established by the Bankruptcy Code. The Plan Term Sheet further contemplates that holders of the Company's common stock will receive interests in a liquidating trust entitling such holders to distributions only after holders of the Series J Preferred Stock have been paid in full. The Company believes that cash distributions on account of the Company's common stock are unlikely. PALM HARBOR: Posts $781,560 Net Loss in August 2011 --------------------------------------------------- Palm Harbor Homes, Inc., et al., reported a net loss of $781,560 on no revenue for the month ended Aug. 31, 2011. The Debtors' balance sheet at Aug. 31, 2011, showed $40.7 million in total assets, $86.4 million in total liabilities, and a stockholders' deficit of $45.7 million. A copy of the operating report is available at: http://bankrupt.com/misc/palmharbor.aug2011mor.pdf About Palm Harbor Homes Addison, Texas-based Palm Harbor Homes, Inc. -- http://www.palmharbor.com/-- manufactured and marketed factory- built homes. The Company marketed nationwide through vertically integrated operations, encompassing manufactured and modular housing, financing and insurance. Palm Harbor, along with affiliates, filed for Chapter 11 bankruptcy protection (Bankr. D. Del. Lead Case No. 10-13850) on Nov. 29, 2010. It disclosed $321,263,000 in total assets and $280,343,000 in total debts. Brian Cejka at Alvarez & Marsal is the Debtors' chief restructuring officer. Raymond James and Associates, Inc., is the Debtors' investment banker. Alvarez & Marshal North America, LLC, is the Debtors' financial advisor. BMC Group, Inc., is the Debtors' claims agent. Pachulski Stang Ziehl & Jones LLP serves as counsel to the Official Committee of Unsecured Creditors. Following a court-approved sale process, Palm Harbor in March 2011 sold its business for $85.25 million to Fleetwood Enterprises Inc., a venture between Cavco Industries Inc. and a fund advised by Third Avenue Management LLC. Fleetwood is providing up to $55 million in secured financing for Palm Harbor's reorganization. PRECISION PARTS: Ends August 2011 With $557,443 Cash ---------------------------------------------------- Precision Parts International Services Corp., et al., reported a net loss of $55,109 on $0 revenue in August 2011. At Aug. 31, 2011, the Debtors had total assets of $887,772, total liabilities of $188.74 million, and a stockholders' deficit of $187.85 million. The Debtors ended the period with $577,443 cash, compared to beginning cash of $632,552. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/ppi.august2011mor.pdf About Precision Parts Headquartered in Rochester Hills, Michigan, Precision Parts International Services Corp. -- http://www.precisionparts.com/-- sold products to major north American automotive and non- automotive original equipment manufacturers and Tier 1 and 2 suppliers. PPI and its units operated six manufacturing facilities throughout North America, including a facility in Mexico operated on their behalf by Intermex Manufactura de Chihuahua under a shelter and logistics agreement. The Company and eight of its affiliates filed for Chapter 11 protection on Dec. 12, 2008 (Bankr. D. Del. Lead Case No. 08-13289). Attorneys at Pepper Hamilton LLP serve as the Debtors' bankruptcy counsel. Alvarez & Marsal North America LLC is the Debtor's financial advisors and Kurtzman Carson Consultants LLC is the claims, noticing and balloting agent. PPI Holdings, Inc., estimated assets and debts between $100 million and $500 million in its Chapter 11 petition. Attorneys at Stevens & Lee, P.C., represent the Creditors Committee as counsel. On March 13, 2009, the Bankruptcy Court approved the sale of substantially all of the Debtors' assets to Cerion, LLC. The sale closed on March 26, 2009. The Debtors received net proceeds of approximately $16,031,508 after an agreed upon working capital adjustment. PURE BEAUTY: Files Initial Monthly Operating Report --------------------------------------------------- Pure Beauty Salons & Boutiques, Inc., filed on Oct. 19, 2011, its initial monthly operating report with the U.S. Bankruptcy Court for the District of Delaware. The Debtor submitted a 16-week cash forecast covering the weeks ending Oct. 7, 2011, through Jan. 20, 2012. A copy of the initial monthly operating report is available for free at http://bankrupt.com/misc/purebeauty.initialmor.pdf About Pure Beauty Salons Pure Beauty Salons & Boutiques, Inc., has 436 mall-based locations operating beauty salons and retailing hair-care products. Franchisees are operating additional 22 BeautyFirst and 7 Trade Secret stores. Trade names include Trade Secret, Beauty Express, BeautyFirst, PureBeauty, and Winston's Barber Shop. About 2,330 people are employed. Pure Beauty Salons was formed in 2010 by the Luborsky Family Trust II 2009 for the purpose of acquiring roughly 465 retail stores from Trade Secret Inc., and its affiliated Chapter 11 debtors (Bankr. D. Del. Case No. 10-12153) through a sale pursuant to Section 363 of the Bankruptcy Code. The consideration for the purchased stores was a credit bid by Regis Corp. of $32.5 million and the assumption by Pure Beauty Salons of $13 million in TSI's liabilities. Pure Beauty Salons filed for bankruptcy (Bankr. D. Del. Case No. 11-13159) on Oct. 4, 2011. Affiliate BeautyFirst Franchise Corp. filed a separate petition (Bankr. D. Del. Case No. 11-13160). Judge Mary F. Walrath was initially assigned to the case. Judge Peter J. Walsh took over. Andrew L. Magaziner, Esq., and Joseph M. Barry, Esq., at Young Conaway Stargatt & Taylor, LLP, serve as the Debtors' counsel. The Debtors' investment banker is SSG Capital Advisors' J. Scott Victor -- jsvictor@ssgca.com The Debtors' notice, claims solicitation, and balloting agent is Epiq Bankruptcy Solutions. The Debtor estimated assets and debts both at $10 million to $50 million. The Debtors owe $15 million to vendors and landlords. The petition was signed by Brian Luborsky, chief executive officer. Secured lender Regis Corp. is represented in the case by Michael L. Meyer, Esq., at Ravich Meyer Kirkman McGrath Nauman & Tansey P.A., and Kathleen M. Miller, Esq., at Smith Katzenstein & Furlow LLP. ROBB & STUCKY: Ends August 2011 With $5.7 Million Cash ------------------------------------------------------ Robb & Stucky Limited LLLP reported a net loss of $2.7 million on $(1,000) of net retail sales for the month of August 2011. At Aug. 31, 2011, the Debtor had $10.6 million in total assets, $76.0 million in total liabilities, and a partners' deficit of $65.4 million. The Debtor ended the period with $5,744,901 cash, compared to $5,866,149 at the beginning of the month. The Debtor paid a total of $360,000 in Professional fees (Accounting & Legal) during the month. A copy of the operating report is available at: http://bankrupt.com/misc/robb&stucky.aug.2011mor.pdf About Robb & Stucky Sarasota, Florida-based Robb & Stucky Limited LLLP -- dba Robb & Stucky; Robb & Stucky Interiors; Fine Design Interiors, a division of Robb & Stucky; Robb & Stucky Patio; R&S Home of Fine Decorators; and Home of Fine Design by Robb & Stucky -- operated a chain of 24 retail stores offering "high-end home furnishings" in five states. Robb & Stucky filed for Chapter 11 bankruptcy protection (Bankr. M.D. Fla. Case No. 11-02801) on Feb. 18, 2011. Paul S. Singerman, Esq., and Jordi Guso, Esq., at Berger Singerman PA, serve as the Debtor's bankruptcy counsel. FTI Consulting, Inc., is the Debtor's advisor and Kevin Regan is the Debtor's chief restructuring officer. Bayshore Partners, LLC, is the Debtor's investment banker. AlixPartners, LLP, serves as the Debtor's communications consultants. Epiq Bankruptcy Solutions, LLC, serves as the Debtor's claims and notice agent. In its schedules, the Debtor disclosed $77,705,081 in assets and $91,859,125 in liabilities as of the Chapter 11 filing. Donald F. Walton, U.S. Trustee for Region 21, appointed the Official Committee of Unsecured Creditors in the Debtor's case. The Committee tapped Cooley LLP as its lead counsel; Broad and Cassel as its local bankruptcy counsel; and BDO USA LLP as its financial advisor. SAINT VINCENTS: Posts $1.9 Million Net Loss in August 2011 ---------------------------------------------------------- Saint Vincents Catholic Medical Centers of New York, et al., reported a decrease in net assets of $1.9 million on $18.8 million of operating revenue for August 2011. At Aug. 31, 2011, the Debtors' balance sheet showed $188.2 million in total assets, $907.2 million in total liabilities, and a net asset deficit of $719.0 million. A copy of the consolidated monthly operating report for August 2011 is available for free at: http://bankrupt.com/misc/saintvincents.august2011mor.pdf About Saint Vincents Saint Vincents Catholic Medical Centers of New York, doing business as St. Vincent Catholic Medical Centers -- http://www.svcmc.org/-- was anchored by St. Vincent's Hospital Manhattan, an academic medical center located in Greenwich Village and the only emergency room on the Westside of Manhattan from Midtown to Tribeca, St. Vincent's Westchester, a behavioral health hospital in Westchester County, and continuing care services that include two skilled nursing facilities in Brooklyn, another on Staten Island, a hospice, and a home health agency serving the Metropolitan New York area. Saint Vincent Catholic Medical Centers of New York and six of its affiliates first filed for Chapter 11 protection on July 5, 2005 (Bankr. S.D.N.Y. Case Nos. 05-14945 through 05-14951). St. Vincents Catholic Medical Centers returned to bankruptcy court by filing another Chapter 11 petition (Bankr. S.D.N.Y. Case No. 10-11963) on April 14, 2010. The Debtor estimated assets of $348 million against debts totaling $1.09 billion in the new petition. Although the hospitals emerged from the prior reorganization in July 2007 with a Chapter 11 plan said to have "a realistic chance" of paying all creditors in full, the bankruptcy left the medical center with more than $1 billion in debt. The new filing occurred after a $64 million operating loss in 2009 and the last potential buyer terminated discussions for taking over the flagship hospital. Adam C. Rogoff, Esq., and Kenneth H. Eckstein, Esq., at Kramer Levin Naftalis & Frankel LLP, represent the Debtor in its Chapter 11 effort. SHARPER IMAGE: Ends September 2011 With $2.2 Million Cash --------------------------------------------------------- TSIC, Inc., formerly known as The Sharper Image Corporation, filed with the U.S. Bankruptcy Court for the District of Delaware on Oct. 20, 2011, its monthly operating report for September 2011. The Debtor reported a net loss of $123,818 on $0 revenue for the month. The Debtor incurred a total of $72,494 in professional fees for the month. At Sept. 30, 2011, the Company's balance sheet showed $3.1 million in total assets, $95.3 million in total liabilities, and a stockholders' deficit of $92.2 million. The Debtor ended the month with $2,205,400 cash. For the month, the Debtor paid a total of $27,494 in professional fees. A copy of the monthly operating report is available for free at: http://is.gd/7G8EnY About Sharper Image Headquartered in San Francisco, California, Sharper Image Corp. -- http://www.sharperimage.com/-- was a multi-channel specialty retailer. It operated in three principal selling channels: the Sharper Image specialty stores throughout the U.S., the Sharper Image catalog and the Internet. The Company has operations in Australia, Brazil and Mexico. In addition, through its Brand Licensing Division, it was also licensing the Sharper Image brand to select third parties to allow them to sell Sharper Image branded products in other channels of distribution. The Company filed for Chapter 11 protection on Feb. 19, 2008 (Bankr. D. Del. Case No. 08-10322). Judge Kevin Gross presides over the case. Harvey R. Miller, Esq., Lori R. Fife, Esq., and Christopher J. Marcus, Esq., at Weil, Gotshal & Manges, LLP, serve as the Company's lead counsel. Steven K. Kortanek, Esq., and John H. Strock, Esq., at Womble, Carlyle, Sandridge & Rice, P.L.L.C., serve as the Company's local Delaware counsel. An official committee of unsecured creditors was appointed in the case. Cooley Godward Kronish LLP is the Committee's lead bankruptcy counsel. Whiteford Taylor Preston LLC is the Committee's Delaware counsel. When the Debtor filed for bankruptcy, it disclosed total assets of $251,500,000 and total debts of $199,000,000. As of June 30, 2008, the Debtor disclosed $52,962,174 in total assets and $39,302,455 in total debts. Sharper Image changed its name to "TSIC, Inc." following the going out of business sales of its assets by a group consisting of Gordon Brothers Retail Partners, LLC, GB Brands, LLC, Hilco Merchant Resources, LLC, and Hilco Consumer Capital, LLC. SHENGDATECH INC: Files Initial Monthly Operating Report ------------------------------------------------------- ShengdaTech, Inc., filed with the U.S. Bankruptcy Court for the District of Nevada on Oct. 20, 2011, its monthly operating report for the period Aug. 20, 2011, through Sept. 30, 2011. The Debtor cautions readers not to place undue reliance on the MOR. At the time of the preparation of the monthly operating report, the Debtor had limited access to its books and records. "Although the Debtor has made reasonable efforts to ensure the accuracy and completeness of the report, subsequent information or discovery may result in material changes to the MOR, particularly given the concerns surrounding accurate financial reporting by the Debtor's prior management. As a result of the foregoing, and despite the Debtor's best efforts, errors and omissions may exist in the MOR." The Debtor reported a net loss of $35,000 for the period Aug. 20, 2011, to Aug. 31, 2011, and a net loss of $387,000 for the month ending Sept. 30, 2011. At Sept. 30, 2011, the Debtor had $13.7 million in total assets, $164.4 million in total liabilities, and a stockholders' deficit of $150.7 million. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/shengdatech.dkt190.pdf Headquartered in Shanghai, China, ShengdaTech, Inc., makes nano precipitated calcium carbonate for the tire industry. ShengdaTech converts limestone into nano-precipitated calcium carbonate (NPCC) using its proprietary and patent-protected technology. NPCC products are increasingly used in tires, paper, paints, building materials, and other chemical products. In addition to its broad customer base in China, the Company currently exports to Singapore, Thailand, South Korea, Malaysia, India, Latvia and Italy. ShengdaTech sought Chapter 11 bankruptcy protection from creditors (Bankr. D. Nev. Case No. 11-52649) on Aug. 19, 2011, in Reno, Nevada, in the United States. The Shanghai-China based company said in its bankruptcy filing it would fire all of its officers and restructure to try to recover from an accounting scandal. The Company disclosed US$295.4 million in assets and US$180.9 million in debt as of Sept. 30, 2011. The Company's legal representative in its Chapter 11 case is Greenberg Traurig, LLP. On Aug. 23, 2011, the Court entered an interim order confirming the Board of Directors Special Committee's appointment of Michael Kang as the Debtor's chief restructuring officer. Alvarez & Marsal North America, LLC, is the Company's chief restructuring officer. As reported in the TCR on Sept. 7, 2011, the United States Trustee appointed AG Ofcon, LLC, The Bank of New York, Mellon (in its role as indenture trustee for bondholders), and Zazove Associates, LLC, to serve on the Official Committee of Unsecured Creditors of ShengdaTech, Inc. SOUTH EDGE: Ends September 2011 With $1.09 Million Cash ------------------------------------------------------- South Edge, LLC, reported a net loss of $6.7 million $nil revenue for the month of September 2011. The Debtor's balance sheet at Sept. 30, 2011, showed $514.4 million in total assets, $465.6 million in total liabilities, and equity of $48.8 million. The Debtor ended the period with $1,092,865 cash, from $888,110 cash at the beginning of the period. A copy of the September 2011 monthly operating report is available for free at http://bankrupt.com/misc/southedge.sept2011mor.pdf About South Edge Las Vegas, Nevada-based South Edge LLC owns the Inspirada project, an uncompleted 2,000-acre residential development in Henderson, Nevada, about 16 miles (26 kilometers) southeast of Las Vegas. The eight owners of the project include an affiliate of KB Home, a 49% owner. Other owners are Coleman Toll LP with 10.5%, Pardee Homes Nevada Inc. with 4.9%, Meritage Homes with 3.5%, and Beazer Homes USA Inc. with 2.6%. JPMorgan Chase Bank, N.A., Credit Agricole Corporate and Investment Bank, and Wells Fargo Bank, N.A., filed an involuntary chapter 11 bankruptcy petition (Bankr. D. Nev. Case No. 10-32968) on Dec. 9, 2010, against South Edge, LLC. The petitioning creditors are part of a lender group that provided a $595 million credit. New York-based JPMorgan serves as lender and agent for the group. South Edge filed motions to dismiss the involuntary petition. The Court conducted a contested trial on Jan. 24 and 25, 2011, and Feb. 2 and 3, 2011. On Feb. 3, 2011, the Court entered an order for relief under Chapter 11 of the Bankruptcy Code against the Debtor and issued an order directing the appointment of a chapter 11 trustee. The United States Trustee appointed Cynthia Nelson to serve as Chapter 11 trustee on Feb. 20, 2011. The Court approved the appointment three days later. South Edge is represented by lawyers at Klee, Tuchin, Bogdanoff and Stern LLP, and The Schwartz Law Firm, Inc., as legal counsel. The Chapter 11 trustee also tapped Schwartzer & McPherson Law Firm as local counsel. Petitioning creditors JPMorgan Chase Bank, N.A., and Wells Fargo Bank, N.A., are represented by lawyers at Morrison and Foerster LLP; and Lewis and Roca LLP. Credit Agricole is represented by lawyers at Haynes and Boone LLP, and Jolley Urga Wirth Woodbury & Standish. SPECIALTY PRODUCTS: Ends August 2011 With $24.8 Million Cash ------------------------------------------------------------ Specialty Products Holdings Corp. reported a net loss of $1.3 million on $0 revenue for the month ended Aug. 31, 2011. At Aug. 31, 2011, the Debtor had $475.6 million in total assets, $222.5 million in total liabilities, and stockholders' equity of $253.1 million. The Debtor had unrestricted cash and equivalents of $24,831,158 at Aug. 31, 2011, from $30,654,689 at the beginning of the period. A copy of the August 2011 monthly operating report is available for free at: http://bankrupt.com/misc/specialtyproducts.aug2011mor.pdf Specialty Products Holdings Corp. reported a net loss of $1.0 million on $0 revenue for the month ended July 31, 2011. At July 31, 2011, the Debtor had $479.7 million in total assets, $225.3 million in total liabilities, and stockholders' equity of $254.4 million. The Debtor had unrestricted cash and equivalents of $30,654,689 at July 31, 2011, from $29,684,796 at the beginning of the period. A copy of the July 31 monthly operating report is available for free at http://bankrupt.com/misc/specialtyproducts.july2011mor.pdf About Specialty Products Cleveland, Ohio-based Specialty Products Holdings Corp., aka RPM, Inc., is a wholly owned subsidiary of RPM International Inc. The Company is the holding company parent of Bondex International, Inc., and the direct or indirect parent of certain additional domestic and foreign subsidiaries. The Company claims to be a leading manufacturer, distributor and seller of various specialty chemical product lines, including exterior insulating finishing systems, powder coatings, fluorescent colorants and pigments, cleaning and protection products, fuel additives, wood treatments and coatings and sealants, in both the industrial and consumer markets. The Company filed for Chapter 11 bankruptcy protection on May 31, 2010 (Bankr. D. Del. Case No. 10-11780). Gregory M. Gordon, Esq., Dan B. Prieto, Esq., and Robert J. Jud, Esq., at Jones Day, serve as bankruptcy counsel. Daniel J. DeFranceschi, Esq., and Zachary I. Shapiro, Esq., at Richards Layton & Finger, serve as co-counsel. Logan and Company is the Company's claims and notice agent. The Company estimated its assets and debts at $100,000,001 to $500,000,000. The Company's affiliate, Bondex International, Inc., filed a separate Chapter 11 petition on May 31, 2010 (Case No. 10-11779), estimating its assets and debts at $100,000,001 to $500,000,000. THORNBURG MORTGAGE: Ends September With $105.7 Million Cash ----------------------------------------------------------- On Oct. 21, 2011, the Chapter 11 trustee for TMST, Inc., formerly known as Thornburg Mortgage, Inc., filed on behalf of the Debtors, except for ADFITECH, Inc., a monthly operating report for September 2011. TMST, Inc., et al., ended September with $105,757,333 in cash. Payments to attorneys and other professionals totaled $471,867 for the current month. The Debtors reported a net loss of $873,967 on net operating revenue of $33,714 in September. Operating loss was $162,355. Reorganization expenses totaled $665,627. At Sept. 30, 2011, the Debtors had $107.1 million in total assets, $3.430 billion in total liabilities, and a stockholders' deficit of $3.323 billion. A copy of the September 2011 operating report is available for free at http://is.gd/Q3zdFI About Thornburg Mortgage Based in Santa Fe, New Mexico, Thornburg Mortgage Inc. (NYSE: TMA) -- http://www.thornburgmortgage.com/-- was a single-family residential mortgage lender focused principally on prime and super-prime borrowers seeking jumbo and super-jumbo adjustable rate mortgages. It originated, acquired, and retained investments in adjustable and variable rate mortgage assets. Its ARM assets comprised of purchased ARM assets and ARM loans, including traditional ARM assets and hybrid ARM assets. Thornburg Mortgage and its four affiliates filed for Chapter 11 bankruptcy (Bankr. D. Md. Lead Case No. 09-17787) on May 1, 2009. Thornburg changed its name to TMST, Inc. Judge Duncan W. Keir is handling the case. David E. Rice, Esq., at Venable LLP, in Baltimore, Maryland, served as counsel to Thornburg Mortgage. Orrick, Herrington & Sutcliffe LLP served as special counsel. Jim Murray, and David Hilty, at Houlihan Lokey Howard & Zukin Capital, Inc., served as investment banker and financial advisor. Protiviti Inc. served as financial advisory services. KPMG LLP served as the tax consultant. Epiq Systems, Inc., serves claims and noticing agent. Thornburg disclosed total assets of $24.4 billion and total debts of $24.7 billion, as of Jan. 31, 2009. On Oct. 28, 2009, the Court approved the appointment of Joel I. Sher as the Chapter 11 Trustee for the Company, TMST Acquisition Subsidiary, Inc., TMST Home Loans, Inc., and TMST Hedging Strategies, Inc. He is represented by Shapiro Sher Guinot & Sandler. TOUSA INC: Ends September 2011 With $498.9 Million Cash ------------------------------------------------------- TOUSA, Inc., et al., reported a net loss of $3.9 million on $171,500 of land sales for the for the month of September 2011. At Aug. 31, 2011, TOUSA, Inc., and subsidiaries had $536.3 million in total assets, $2.090 billion in total liabilities, and a stockholders' deficit of $1.554 billion. The Debtors ended the period with cash in bank of $498,938,135. The Debtors paid a total of $1,819,282 in professional fees during the month. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/tousainc.sept2011mor.pdf About Tousa Inc. Headquartered in Hollywood, Florida, TOUSA, Inc. (Pink Sheets: TOUS) -- http://www.tousa.com/-- fka Technical Olympic U.S.A. Inc., dba Technical U.S.A., Inc., Engle Homes, Newmark Homes L.P., TOUSA Homes Inc. and Newmark Homes Corp. is a leading homebuilder in the United States, operating in various metropolitan markets in 10 states located in four major geographic regions: Florida, the Mid-Atlantic, Texas, and the West. The Debtor and its debtor-affiliates filed for separate Chapter 11 protection on Jan. 29, 2008 (Bankr. S.D. Fla. Case No. 08-10928). Richard M. Cieri, Esq., M. Natasha Labovitz, Esq., and Joshua A. Sussberg, Esq., at Kirkland & Ellis LLP, in New York, N.Y.; and Paul S. Singerman, Esq., at Berger Singerman, in Miami, Fla., represent the Debtors in their restructuring efforts. Lazard Freres & Co. LLC is the Debtors' investment banker. Ernst & Young LLP is the Debtors' independent auditor and tax services provider. Kurtzman Carson Consultants LLC acts as the Debtors' Notice, Claims & Balloting Agent. TOUSA's direct subsidiary, Beacon Hill at Mountain's Edge LLC dba Eagle Homes, filed for Chapter 11 Protection on July 30, 2008 (Bankr. S.D. Fla. Case No. 08-20746). It estimated assets and debts of $1 million to $10 million in its Chapter 11 petition. The official committee of unsecured creditors has filed a proposed chapter 11 liquidating plan for Tousa. However, the committee said that it no longer intends to pursue approval of its liquidation plan because of the pending appeal of its fraudulent transfer case in the U.S. Court of Appeals for the Eleventh Circuit. A district court in February 2011 held that the bankruptcy judge was wrong in ruling that lenders who were paid off received fraudulent transfers when Tousa gave liens on subsidiaries' properties to bail out and refinance a joint venture. Daniel H. Golden, Esq., and Philip C. Dublin, Esq., at Akin Gump Strauss Hauer & Feld LLP, in New York, N.Y., represent the creditors committee. VITRO SAB: Mukki LLC Posts $1.2 Million in September 2011 --------------------------------------------------------- On Oct. 19, 2011, Mukki LLC f/k/a Vitro America, LLC, VVP Finance Corporation, VVP Holdings, LLC, VVP Funding Corporation, and Tayo Inc. f/k/a Super Sky Products, Inc., filed their monthly operating reports for the month ending Sept. 30, 2011, with the U.S. Bankruptcy Court for the Northern District of Texas. Mukki LLC reported a net loss of $1.2 million on $nil revenue for the month. At Sept. 30, 2011, Mukki LLC America had $16.1 million in total assets, $252.6 million in total liabilities, and a stockholders' deficit of $236.5 million. Mukki LLC ended the period with $5,063,171 in unrestricted cash and $1,500 in restricted cash, for total cash of $5,064,671. A copy of Mukki LLC's September 2011 monthly operating report is available for free at: http://bankrupt.com/misc/mukkillc.september2011mor.pdf VVP Finance had no income or expense transactions for the month. At Sept. 30, 2011, VVP Finance had $176.1 million in total assets, $645,764 in total liabilities, and stockholders' equity of $175.4 million. A copy of Vitro Finance's September 2011 monthly operating report is available for free at: http://bankrupt.com/misc/vvpfinance.september2011mor.pdf VVP Holdings had no income or expense transactions for the month. VVP Holdings' balance sheet at Sept. 30, 2011, showed $645,764 in total assets, $12.6 million in total liabilities, and an equity deficit of $12.0 million. A copy of VVP Holdings' September 2011 monthly operating report is available for free at: http://bankrupt.com/misc/vvpholdings.september2011mor.pdf VVP Funding had no income or expense transactions for the month. At Sept. 30, 2011, VVP Funding had $3.1 million in total assets, $0 liabilities, and stockholders' equity of $3.1 million. A copy of VVP Funding's September 2011 monthly operating report is available for free at: http://bankrupt.com/misc/vvpfunding.september2011mor.pdf Tayo Inc. had no income or expense transactions for the month. At Sept. 30, 2011, Tayo Inc. had $3.3 million in total assets, $0 liabilities, and stockholders' equity of $3.3 million. A copy of Tayo Inc.'s September 2011 monthly operating report is available for free at: http://bankrupt.com/misc/tayoinc.september2011mor.pdf About Vitro SAB Headquartered in Monterrey, Mexico, Vitro, S.A.B. de C.V. (BMV: VITROA; NYSE: VTO), through its two subsidiaries, Vitro Envases Norteamerica, SA de C.V. and Vimexico, S.A. de C.V., is a global glass producer, serving the construction and automotive glass markets and glass containers needs of the food, beverage, wine, liquor, cosmetics and pharmaceutical industries. Vitro is the largest manufacturer of glass containers and flat glass in Mexico, with consolidated net sales in 2009 of MXN23,991 million (US$1.837 billion). Vitro defaulted on its debt in 2009, and sought to restructure around US$1.5 billion in debt, including US$1.2 billion in notes. Vitro launched an offer to buy back or swap US$1.2 billion in debt from bondholders. The tender offer would be consummated with a bankruptcy filing in Mexico and Chapter 15 filing in the United States. Vitro said noteholders would recover as much as 73% by exchanging existing debt for cash, new debt or convertible bonds. Concurso Mercantil & Chapter 15 Proceedings Vitro SAB on Dec. 13, 2010, filed its voluntary petition for a pre-packaged Concurso Plan in the Federal District Court for Civil and Labor Matters for the State of Nuevo Leon, commencing its voluntary concurso mercantil proceedings -- the Mexican equivalent of a prepackaged Chapter 11 reorganization. Vitro SAB also commenced parallel proceedings under Chapter 15 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 10-16619) in Manhattan on Dec. 13, 2010, to seek U.S. recognition and deference to its bankruptcy proceedings in Mexico. Early in January 2011, the Mexican Court dismissed the Concurso Mercantil proceedings. The judge said Vitro couldn't push through a plan to buy back or swap US$1.2 billion in debt from bondholders based on the vote of US$1.9 billion of intercompany debt when third-party creditors were opposed. Vitro as a result dismissed the first Chapter 15 petition following the ruling by the Mexican court. On April 12, 2011, an appellate court in Mexico reinstated the reorganization. Accordingly, Vitro SAB on April 14 re-filed a petition for recognition of its Mexican reorganization in U.S. Bankruptcy Court in Manhattan (Bankr. S.D.N.Y. Case No. 11-11754). In the present Chapter 15 case, the Debtor seeks to block any creditor suits in the U.S. pending the reorganization in Mexico. Chapter 11 Proceedings A group of noteholders opposed the exchange -- namely Knighthead Master Fund, L.P., Lord Abbett Bond-Debenture Fund, Inc., Davidson Kempner Distressed Opportunities Fund LP, and Brookville Horizons Fund, L.P. Together, they held US$75 million, or approximately 6% of the outstanding bond debt. The Noteholder group commenced involuntary bankruptcy cases under Chapter 11 of the U.S. Bankruptcy Code against Vitro Asset Corp. (Bankr. N.D. Tex. Case No. 10-47470) and 15 other affiliates on Nov. 17, 2010. Vitro engaged Susman Godfrey, L.L.P. as U.S. special litigation counsel to analyze the potential rights that Vitro may exercise in the United States against the ad hoc group of dissident bondholders and its advisors. A larger group of noteholders, known as the Ad Hoc Group of Vitro Noteholders -- comprised of holders, or investment advisors to holders, which represent approximately US$650 million of the Senior Notes due 2012, 2013 and 2017 issued by Vitro -- was not among the Chapter 11 petitioners, although the group has expressed concerns over the exchange offer. The group says the exchange offer exposes Noteholders who consent to potential adverse consequences that have not been disclosed by Vitro. The group is represented by John Cunningham, Esq., and Richard Kebrdle, Esq. at White & Case LLP. The U.S. affiliates subject to the involuntary petitions are Vitro Chemicals, Fibers & Mining, LLC (Bankr. N.D. Tex. Case No. 10- 47472); Vitro America, LLC (Bankr. N.D. Tex. Case No. 10-47473); Troper Services, Inc. (Bankr. N.D. Tex. Case No. 10-47474); Super Sky Products, Inc. (Bankr. N.D. Tex. Case No. 10-47475); Super Sky International, Inc. (Bankr. N.D. Tex. Case No. 10-47476); VVP Holdings, LLC (Bankr. N.D. Tex. Case No. 10-47477); Amsilco Holdings, Inc. (Bankr. N.D. Tex. Case No. 10-47478); B.B.O. Holdings, Inc. (Bankr. N.D. Tex. Case No. 10-47479); Binswanger Glass Company (Bankr. N.D. Tex. Case No. 10-47480); Crisa Corporation (Bankr. N.D. Tex. Case No. 10-47481); VVP Finance Corporation (Bankr. N.D. Tex. Case No. 10-47482); VVP Auto Glass, Inc. (Bankr. N.D. Tex. Case No. 10-47483); V-MX Holdings, LLC (Bankr. N.D. Tex. Case No. 10-47484); and Vitro Packaging, LLC (Bankr. N.D. Tex. Case No. 10-47485). A bankruptcy judge in Fort Worth, Texas, denied involuntary Chapter 11 petitions filed against four U.S. subsidiaries. On April 6, 2011, Vitro SAB agreed to put Vitro units -- Vitro America LLC and three other U.S. subsidiaries -- that were subject to the involuntary petitions into voluntary Chapter 11. The Texas Court on April 21 denied involuntary petitions against the eight U.S. subsidiaries that didn't consent to being in Chapter 11. Kurtzman Carson Consultants is the claims and notice agent to Vitro America, et al. Alvarez & Marsal North America LLC, is the Debtors' operations and financial advisor. The official committee of unsecured creditors appointed in the Chapter 11 cases of Vitro America, et al., has selected Sarah Link Schultz, Esq., at Akin Gump Strauss Hauer & Feld LLP, in Dallas, Texas, and Michael S. Stamer, Esq., Abid Qureshi, Esq., and Alexis Freeman, Esq., at Akin Gump Strauss Hauer & Feld LLP, in New York, as counsel. Blackstone Advisory Partners L.P. serves as financial advisor to the Committee. ********* 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. A list of Meetings, Conferences and Seminars appears in each Wednesday's edition of the TCR. Submissions about insolvency- related conferences are encouraged. Send announcements to conferences@bankrupt.com/ 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. For copies of court documents filed in the District of Delaware, please contact Vito at Parcels, Inc., at 302-658-9911. For bankruptcy documents filed in cases pending outside the District of Delaware, contact Ken Troubh at Nationwide Research & Consulting at 207/791-2852. ********* 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., Frederick, Maryland, USA. Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Howard C. Tolentino, Joseph Medel C. Martirez, Denise Marie Varquez, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R. Villacampa, Sheryl Joy P. Olano, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2011. All rights reserved. ISSN: 1520-9474. 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