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/raid1/www/Hosts/bankrupt/TCR_Public/140201.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, February 1, 2014, Vol. 18, No. 31 Headlines ADOC HOLDINGS: Lists $754,943 Net Loss in October ADOC HOLDINGS: November Net Loss Decreases to $172,952 ADOC HOLDINGS: Net Loss Further Decreases to $84,767 in December ATARI INC: Incurs $2.21 Million Net Loss in December BLITZ USA: Has $6,811 Net Loss in September BLITZ USA: October Net Loss Increases to $19,751 BLITZ USA: Net Loss Further Rises to $27,720 in November FIBERTOWER NETWORKS: December Disbursements Include $346K in Fees FOX & HOUND: Projects $57MM in Total Receipts Thru Mid-February GMX RESOURCES: Ends December with $2.88 Million Cash GOLDKING HOLDINGS: Net Loss Increases to $1.12 Million in December LIFE UNIFORM: Ends November with $764 Net Loss LIFE UNIFORM: Net Loss Increases to $61,742 in December METEX MFG: Reports $36,707 Cash Profit in December NORTHSTAR AEROSPACE: Increases December Ending Cash to $279,000 PERSONAL COMMUNICATIONS: Holdings' Sept. Assets Total $126.90MM PERSONAL COMMUNICATIONS: Holdings Has $55MM Net Loss in October SAVIENT PHARMACEUTICALS: Reports $2.2-Mil. Net Loss in December SCOOTER STORE: December Net Loss Decreases to $733,862 ********* ADOC HOLDINGS: Lists $754,943 Net Loss in October ------------------------------------------------- Adoc Holdings, Inc., formerly, Coda Holdings, Inc., et al., on Jan. 21, 2014, filed its monthly operating report for October 2013. The Debtors' consolidated statement of operations showed a net loss of $754,943 on zero revenue. At Oct. 31, the Debtors reported $21.21 million in total assets, $118.06 million in total liabilities, and a -($135.40 million) total shareholders' deficit. At the beginning of the month, the Debtors had $497,906 cash. They had total receipts of $754,943 and total disbursements of $700,222. At month end, the Debtors had $443,186 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/CODAHOLDINGSoctmor.pdf About CODA Holdings Los Angeles, California-based CODA Energy -- http://www.codaenergy.com-- made an electric auto that was a commercial failure. The company marketed the Coda Sedan, which sold only 100 copies. It was an electrically powered version of the Hafei Saibao, made in China. After bankruptcy, Los Angeles- based Coda intends to concentrate on making stationery electric- storage systems. CODA Holdings, Inc., Coda Energy LLC and three other affiliates filed for Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 13-11153) on May 1, 2013, to enable the Company to complete a sale, confirm a plan, and emerge from bankruptcy in a stronger position to execute its new business plan. The Company expects the sale process to take 45 days to complete. FCO MA CODA Holdings LLC, an affiliate of Fortress Investment Group, is leading a consortium of lenders intending to provide DIP financing to enable the Company's energy storage business to remain fully operational during the restructuring process. The consortium, or its designee, will also as stalking horse bidder to acquire the Company post-bankruptcy. In addition, the Company will seek to monetize value of its existing automotive business assets. CODA disclosed assets of $10 million to $50 million and liabilities of less than $100 million. Coda Automotive Inc., disclosed $24,950,641 in assets and $95,859,413 in liabilities as of the Chapter 11 filing. The Debtors have incurred prepetition a significant amount of secured indebtedness: secured notes of with principal in the amount of $59.1 million; term loans in the principal amount of $12.6 million; and a bridge loan with $665,000 outstanding. FCO and other bridge loan lenders have "enhanced priority" over other secured noteholders that did not participate in the bridge loans, pursuant to the intercreditor agreement. Jeffrey M. Schlerf, Esq., John H. Strock, Esq., and L. John Bird, Esq., at Fox Rothschild LLP are the proposed counsel for the Debtors. CODA's legal advisor in connection with the restructuring is White & Case LLP. Emerald Capital Advisors serves as its chief restructuring officer and restructuring advisor, and Houlihan Lokey serves as its investment banker for the restructuring. Sidley Austin LLP is serving as FCO MA CODA Holdings LLC's legal advisor. Brent T. Robinson, Esq., at Robinson, Anthon & Tribe represents the Debtors in their restructuring efforts. The Committee tapped Brown Rudnick as its counsel and Deloitte Financial Advisory Services LLP as its financial advisor. ADOC HOLDINGS: November Net Loss Decreases to $172,952 ------------------------------------------------------ Adoc Holdings, Inc., formerly, Coda Holdings, Inc., et al., on Jan. 21, 2014, filed its monthly operating report for November 2013. The Debtors incurred a net loss of $172,952 on zero revenue in November, a decrease from the previous month's net loss of $754,943. At Nov. 30, the Debtors posted $21.04 million in total assets, $118.07 million in total liabilities, and a -($135.58 million) total shareholders' deficit. At Nov. 1, the Debtors had a cash balance of $443,186. They reported $167,691 net cash used in operating activities. At the end of the month, the Debtors had $275,495 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/CODAHOLDINGSnovmor.pdf About CODA Holdings Los Angeles, California-based CODA Energy -- http://www.codaenergy.com-- made an electric auto that was a commercial failure. The company marketed the Coda Sedan, which sold only 100 copies. It was an electrically powered version of the Hafei Saibao, made in China. After bankruptcy, Los Angeles- based Coda intends to concentrate on making stationery electric- storage systems. CODA Holdings, Inc., Coda Energy LLC and three other affiliates filed for Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 13-11153) on May 1, 2013, to enable the Company to complete a sale, confirm a plan, and emerge from bankruptcy in a stronger position to execute its new business plan. The Company expects the sale process to take 45 days to complete. FCO MA CODA Holdings LLC, an affiliate of Fortress Investment Group, is leading a consortium of lenders intending to provide DIP financing to enable the Company's energy storage business to remain fully operational during the restructuring process. The consortium, or its designee, will also as stalking horse bidder to acquire the Company post-bankruptcy. In addition, the Company will seek to monetize value of its existing automotive business assets. CODA disclosed assets of $10 million to $50 million and liabilities of less than $100 million. Coda Automotive Inc., disclosed $24,950,641 in assets and $95,859,413 in liabilities as of the Chapter 11 filing. The Debtors have incurred prepetition a significant amount of secured indebtedness: secured notes of with principal in the amount of $59.1 million; term loans in the principal amount of $12.6 million; and a bridge loan with $665,000 outstanding. FCO and other bridge loan lenders have "enhanced priority" over other secured noteholders that did not participate in the bridge loans, pursuant to the intercreditor agreement. Jeffrey M. Schlerf, Esq., John H. Strock, Esq., and L. John Bird, Esq., at Fox Rothschild LLP are the proposed counsel for the Debtors. CODA's legal advisor in connection with the restructuring is White & Case LLP. Emerald Capital Advisors serves as its chief restructuring officer and restructuring advisor, and Houlihan Lokey serves as its investment banker for the restructuring. Sidley Austin LLP is serving as FCO MA CODA Holdings LLC's legal advisor. Brent T. Robinson, Esq., at Robinson, Anthon & Tribe represents the Debtors in their restructuring efforts. The Committee tapped Brown Rudnick as its counsel and Deloitte Financial Advisory Services LLP as its financial advisor. ADOC HOLDINGS: Net Loss Further Decreases to $84,767 in December ---------------------------------------------------------------- Adoc Holdings, Inc., formerly, Coda Holdings, Inc., et al., on Jan. 21, 2014, filed its monthly operating report the month ending December 31, 2013. The Debtors' consolidated statement of operations showed a net loss of $84,767 on zero revenue in December, as compared to net losses of $172,952 in November, and $754,943 in October. At Dec. 31, 2013, the Debtors posted $21.06 million in total assets, $118.17 million in total liabilities, and -($135.66 million) total shareholders' deficit. At the beginning of December, the Debtors had $275,495 in cash. They reported $15,233 in net cash used in operating activities. At month end, the Debtors had $290,727 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/CODAHOLDINGSdecmor.pdf About CODA Holdings Los Angeles, California-based CODA Energy -- http://www.codaenergy.com-- made an electric auto that was a commercial failure. The company marketed the Coda Sedan, which sold only 100 copies. It was an electrically powered version of the Hafei Saibao, made in China. After bankruptcy, Los Angeles- based Coda intends to concentrate on making stationery electric- storage systems. CODA Holdings, Inc., Coda Energy LLC and three other affiliates filed for Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 13-11153) on May 1, 2013, to enable the Company to complete a sale, confirm a plan, and emerge from bankruptcy in a stronger position to execute its new business plan. The Company expects the sale process to take 45 days to complete. FCO MA CODA Holdings LLC, an affiliate of Fortress Investment Group, is leading a consortium of lenders intending to provide DIP financing to enable the Company's energy storage business to remain fully operational during the restructuring process. The consortium, or its designee, will also as stalking horse bidder to acquire the Company post-bankruptcy. In addition, the Company will seek to monetize value of its existing automotive business assets. CODA disclosed assets of $10 million to $50 million and liabilities of less than $100 million. Coda Automotive Inc., disclosed $24,950,641 in assets and $95,859,413 in liabilities as of the Chapter 11 filing. The Debtors have incurred prepetition a significant amount of secured indebtedness: secured notes of with principal in the amount of $59.1 million; term loans in the principal amount of $12.6 million; and a bridge loan with $665,000 outstanding. FCO and other bridge loan lenders have "enhanced priority" over other secured noteholders that did not participate in the bridge loans, pursuant to the intercreditor agreement. Jeffrey M. Schlerf, Esq., John H. Strock, Esq., and L. John Bird, Esq., at Fox Rothschild LLP are the proposed counsel for the Debtors. CODA's legal advisor in connection with the restructuring is White & Case LLP. Emerald Capital Advisors serves as its chief restructuring officer and restructuring advisor, and Houlihan Lokey serves as its investment banker for the restructuring. Sidley Austin LLP is serving as FCO MA CODA Holdings LLC's legal advisor. Brent T. Robinson, Esq., at Robinson, Anthon & Tribe represents the Debtors in their restructuring efforts. The Committee tapped Brown Rudnick as its counsel and Deloitte Financial Advisory Services LLP as its financial advisor. ATARI INC: Incurs $2.21 Million Net Loss in December ---------------------------------------------------- Atari, Inc., et al., on Jan. 17, 2014, filed its monthly operating report for the period covering December 1 to 23, 2013. The Debtors' statement of operations showed a net loss of $2.21 million on $922,000 in net revenues in December, as compared to the previous month's $442,000 net profit. At December 31, the Debtors reported $36.59 million in total assets, $334.21 million in total liabilities, and a -($297.62 million) total shareholders' deficit. At the beginning of the month, the Debtors had $5.46 million cash. They had total receipts of $15.62 million and total disbursements of $13.99 million. They paid $1.42 million in professional fees. As a result, the Debtors had $7.09 million during month end. A copy of the monthly operating report is available at: http://bankrupt.com/misc/ATARIINCdecmor.pdf About Atari Atari -- http://www.atari.com/-- is a multi-platform, global interactive entertainment and licensing company. Atari owns and/or manages a portfolio of more than 200 games and franchises, including world renowned brands like Asteroids(R), Centipede(R), Missile Command(R), Pong(R), Test Drive(R), Backyard Sports(R), and Rollercoaster Tycoon(R). Atari Inc. and its U.S. affiliates filed for Chapter 11 bankruptcy (Bankr. S.D.N.Y. Lead Case No. 13-10176) on Jan. 21, 2013, to break away from their unprofitable French parent company and secure independent capital. A day after its American unit filed for Chapter 11 bankruptcy protection, Paris-based Atari S.A. took a similar measure under Book 6 of that country's commercial code. Atari S.A. said it was filing for legal protection because its longtime backer BlueBay has sought to sell its 29% stake and demanded repayment by March 31 on a credit line of US$28 million that it cut off in December. On Feb. 15, 2013, the Court entered the order authorizing the employment and retention of Hunton & Williams LLP as counsel to the Debtors. On Feb. 5, 2013, the Debtors' board of directors was reconstituted. The reconstituted board of directors elected to retain alternate bankruptcy counsel. Hunton's retention as the Debtors' counsel terminated on Feb. 6, 2013. Ira S. Dizengoff, Esq., and Kristine G. Manoukian, Esq., at Akin Gump Strauss Hauer & Feld LLP, in New York, N.Y.; and Scott L. Alberino, Esq., at Akin Gump Strauss Hauer & Feld, LLP, in Washington, D.C., represent the Debtors as counsel. BMC Group is the claims and notice agent. Guy Davis and Susan Roski at Protiviti Inc. serve as financial advisors. Duff & Phelps Securities LLC serves as financial advisor to the Official Committee of Unsecured Creditors. Cathy Hershcopf, Esq., Jeffrey L. Cohen, Esq., and Robert B. Winning, Esq., at Cooley LLP serve as the Committee's counsel. Ken Coleman, Esq., and Jonathan Cho, Esq., at Allen & Overy LLP, serve as counsel to Atari S.A. Atari Inc. won bankruptcy court approval of its Plan of Liquidation on Dec. 5, 2013. It was declared effective on Dec. 24, 2014. The Plan provides a 25% recovery to unsecured creditors. Parent Atari SA will be contributing $3.42 million cash under the Plan and is waiving $310 million in claims. BLITZ USA: Has $6,811 Net Loss in September ------------------------------------------- Blitz U.S.A., Inc., et al., filed on Jan. 28, 2014, their monthly operating report for September 2013. The Debtors incurred $6,811 in net losses with net revenues of $7,025 in September. At September 30, the Debtors posted $970,411 in total assets, $42.94 million in total liabilities, and a -($41.97 million) total shareholders' deficit. The Debtors reported total cash receipts of $7,025 and total disbursements of $13,836. A copy of the monthly operating report is available at: http://bankrupt.com/misc/BLITZUSAseptmor.pdf About Blitz U.S.A. Blitz U.S.A. Inc., is a Miami, Oklahoma-based manufacturer of plastic gasoline cans. The company, controlled by Kinderhook Capital Fund II LP, filed for bankruptcy protection to stanch a hemorrhage resulting from 36 product-liability lawsuits. Parent Blitz Acquisition Holdings, Inc., and its affiliates filed for Chapter 11 protection (Bankr. D. Del. Case Nos. 11-13602 thru 11-13607) on Nov. 9, 2011. The Hon. Peter J. Walsh presides over the case. Blitz USA disclosed $36,194,434 in assets and $41,428,577 in liabilities in its schedules. Daniel J. DeFranceschi, Esq., at Richards, Layton & Finger, represents the Debtors in their restructuring efforts. The Debtors tapped Zolfo Cooper, LLC, as restructuring advisor; and Kurtzman Carson Consultants LLC serves as notice and claims agent. SSG Capital Advisors LLC serves as investment banker. Lowenstein Sandler PC from Roseland, New Jersey, represents the Official Committee of Unsecured Creditors. The Chapter 11 case is financed with a $5 million secured loan from Bank of Oklahoma. Bank of Oklahoma, as DIP agent, is represented by Samuel S. Ory, Esq., at Frederic Dorwart Lawyers in Tulsa. In April 2012, Hopkins Manufacturing Corp. acquired the assets of Blitz USA's unit, F3 Brands LLC, a major manufacturer of oil drains, drain pans, lifting aids and automotive ramps. Blitz USA said in court documents the sale netted the Debtors $14.6 million, which was applied against secured debt. Blitz announced in June it would abandon its efforts to reorganize and instead to shut down operations by the end of July. In September, the Troubled Company Reporter, citing Sheila Stogsdill at Tulsa World, reported that the Bankruptcy Court approved a $9.5 million offer from Toronto, Canada-based Scepter Corporation to purchase Blitz USA, according to Philip Monckton, Scepter's vice president of sales and marketing. Scepter bought land, equipment and other assets. Scepter supplies about 20% of the USA market with gas cans. The report said the sale was to become final on Sept. 28, 2012. BLITZ USA: October Net Loss Increases to $19,751 ------------------------------------------------ Blitz U.S.A., Inc., et al., filed on Jan. 28, 2014, their monthly operating report for October 2013. The Debtors incurred a net loss of $19,751 with $584 revenue for the month, an increase from the previous month's net loss of $6,811. At the end of October, the Debtors posted $950,659 in total assets, $42.94 million in total liabilities, and a -($41.99 million) total shareholders' deficit. The debtors reported $584 in total cash receipts and total disbursements of $20,335. A copy of the monthly operating report is available at: http://bankrupt.com/misc/BLITZUSAoctmor.pdf About Blitz U.S.A. Blitz U.S.A. Inc., is a Miami, Oklahoma-based manufacturer of plastic gasoline cans. The company, controlled by Kinderhook Capital Fund II LP, filed for bankruptcy protection to stanch a hemorrhage resulting from 36 product-liability lawsuits. Parent Blitz Acquisition Holdings, Inc., and its affiliates filed for Chapter 11 protection (Bankr. D. Del. Case Nos. 11-13602 thru 11-13607) on Nov. 9, 2011. The Hon. Peter J. Walsh presides over the case. Blitz USA disclosed $36,194,434 in assets and $41,428,577 in liabilities in its schedules. Daniel J. DeFranceschi, Esq., at Richards, Layton & Finger, represents the Debtors in their restructuring efforts. The Debtors tapped Zolfo Cooper, LLC, as restructuring advisor; and Kurtzman Carson Consultants LLC serves as notice and claims agent. SSG Capital Advisors LLC serves as investment banker. Lowenstein Sandler PC from Roseland, New Jersey, represents the Official Committee of Unsecured Creditors. The Chapter 11 case is financed with a $5 million secured loan from Bank of Oklahoma. Bank of Oklahoma, as DIP agent, is represented by Samuel S. Ory, Esq., at Frederic Dorwart Lawyers in Tulsa. In April 2012, Hopkins Manufacturing Corp. acquired the assets of Blitz USA's unit, F3 Brands LLC, a major manufacturer of oil drains, drain pans, lifting aids and automotive ramps. Blitz USA said in court documents the sale netted the Debtors $14.6 million, which was applied against secured debt. Blitz announced in June it would abandon its efforts to reorganize and instead to shut down operations by the end of July. In September, the Troubled Company Reporter, citing Sheila Stogsdill at Tulsa World, reported that the Bankruptcy Court approved a $9.5 million offer from Toronto, Canada-based Scepter Corporation to purchase Blitz USA, according to Philip Monckton, Scepter's vice president of sales and marketing. Scepter bought land, equipment and other assets. Scepter supplies about 20% of the USA market with gas cans. The report said the sale was to become final on Sept. 28, 2012. BLITZ USA: Net Loss Further Rises to $27,720 in November -------------------------------------------------------- Blitz U.S.A., Inc., et al., filed, on Jan. 28, 2014, their monthly operating report for the month of November 2013. The Debtors' consolidated statement of operations showed a net loss of $27,720 on net revenue of $155 for November, as compared to net losses of $19,751 in October, and $6,811 in September. At the end of the November, the Debtors posted $922,937 million in total assets, $42.94 million in total liabilities, and a -($42.02 million) total shareholders' deficit. The Debtors reported $155 in total receipts nad $27,875 in total disbursements. A copy of the monthly operating report is available at: http://bankrupt.com/misc/BLITZUSAnovmor.pdf About Blitz U.S.A. Blitz U.S.A. Inc., is a Miami, Oklahoma-based manufacturer of plastic gasoline cans. The company, controlled by Kinderhook Capital Fund II LP, filed for bankruptcy protection to stanch a hemorrhage resulting from 36 product-liability lawsuits. Parent Blitz Acquisition Holdings, Inc., and its affiliates filed for Chapter 11 protection (Bankr. D. Del. Case Nos. 11-13602 thru 11-13607) on Nov. 9, 2011. The Hon. Peter J. Walsh presides over the case. Blitz USA disclosed $36,194,434 in assets and $41,428,577 in liabilities in its schedules. Daniel J. DeFranceschi, Esq., at Richards, Layton & Finger, represents the Debtors in their restructuring efforts. The Debtors tapped Zolfo Cooper, LLC, as restructuring advisor; and Kurtzman Carson Consultants LLC serves as notice and claims agent. SSG Capital Advisors LLC serves as investment banker. Lowenstein Sandler PC from Roseland, New Jersey, represents the Official Committee of Unsecured Creditors. The Chapter 11 case is financed with a $5 million secured loan from Bank of Oklahoma. Bank of Oklahoma, as DIP agent, is represented by Samuel S. Ory, Esq., at Frederic Dorwart Lawyers in Tulsa. In April 2012, Hopkins Manufacturing Corp. acquired the assets of Blitz USA's unit, F3 Brands LLC, a major manufacturer of oil drains, drain pans, lifting aids and automotive ramps. Blitz USA said in court documents the sale netted the Debtors $14.6 million, which was applied against secured debt. Blitz announced in June it would abandon its efforts to reorganize and instead to shut down operations by the end of July. In September, the Troubled Company Reporter, citing Sheila Stogsdill at Tulsa World, reported that the Bankruptcy Court approved a $9.5 million offer from Toronto, Canada-based Scepter Corporation to purchase Blitz USA, according to Philip Monckton, Scepter's vice president of sales and marketing. Scepter bought land, equipment and other assets. Scepter supplies about 20% of the USA market with gas cans. The report said the sale was to become final on Sept. 28, 2012. FIBERTOWER NETWORKS: December Disbursements Include $346K in Fees ----------------------------------------------------------------- FiberTower Network Services Corp., et al, on Jan. 20, 2014, filed its monthly operating report for the month of December 2013. The Debtors reported a $913,398 net loss with zero revenue for the month. At Dec. 31, the Debtors posted $25.75 million in total assets, $324.84 million in total liabilities, and a -($299.09 million) total shareholders' deficit. At the beginning of the month, the Debtors had a cash balance of $3.67 million. They reported no receipts and $415,120 in total disbursements. The Debtors paid $346,959 in professional fees. At the end of December, the Debtors had $3.25 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/FIBERTOWERNETWORKdecmor.pdf About FiberTower Corp. FiberTower Corporation, FiberTower Network Services Corp., FiberTower Licensing Corp., and FiberTower Spectrum Holdings LLC filed for Chapter 11 protection (Bankr. N.D. Tex. Case Nos. 12-44027 to 12-44031) on July 17, 2012, together with a plan support agreement struck with prepetition secured noteholders. FiberTower is an alternative provider of facilities-based backhaul services, principally to wireless carriers, and a national provider of millimeter-band spectrum services. Backhaul is the transport of voice, video and data traffic from a wireless carrier's mobile base station, or cell site, to its mobile switching center or other exchange point. FiberTower provides spectrum leasing services directly to other carriers and enterprise clients, and also offer their spectrum services through spectrum brokerage arrangements and through fixed wireless equipment partners. FiberTower's significant asset is the ownership of a national spectrum portfolio of 24 GHz and 39 GHz wide-area spectrum licenses, including over 740 MHz in the top 20 U.S. metropolitan areas and, in the aggregate, roughly 1.72 billion channel pops (calculated as the number of channels in a given area multiplied by the population, as measured in the 2010 census, covered by these channels). FiberTower believes the Spectrum Portfolio represents one of the largest and most comprehensive collections of millimeter wave spectrum in the U.S., covering areas with a total population of over 300 million. As of the Petition Date, FiberTower provides service to roughly 5,390 customer locations at 3,188 deployed sites in 13 markets throughout the U.S. The fixed wireless portion of these hybrid services is predominantly through common carrier spectrum in the 11, 18 and 23 GHz bands. FiberTower's biggest service markets are Dallas/Fort Worth and Washington, D.C./Baltimore, with additional markets in Atlanta, Boston, Chicago, Cleveland, Denver, Detroit, Houston, New York/New Jersey, Pittsburgh, San Antonio/Austin/Waco and Tampa. As of June 30, 2012, FiberTower's books and records reflected total combined assets, at book value, of roughly $188 million and total combined liabilities of roughly $211 million. As of the Petition Date, FiberTower had unrestricted cash of roughly $23 million. For the six months ending June 30, 2012, FiberTower had total revenue of roughly $33 million. With the help of FTI Consulting Inc., FiberTower's preliminary valuation work shows that the Company's enterprise value is materially less than $132 million -- i.e., the approximate principal amount of the 9.00% Senior Secured Notes due 2016 outstanding as of the Petition Date. The preliminary valuation work is based upon the assumption that FiberTower's spectrum licenses will not be terminated. Fibertower Spectrum disclosed $106,630,000 in assets and $175,501,975 in liabilities as of the Chapter 11 filing. Judge D. Michael Lynn oversees the Chapter 11 case. Lawyers at Andrews Kurth LLP serve as the Debtors' lead counsel. Lawyers at Hogan Lovells and Willkie Farr and Gallagher LLP serve as special FCC counsel. FTI Consulting serve as financial advisor. BMC Group Inc. serve as claims and noticing agent. The petitions were signed by Kurt J. Van Wagenen, president. Wells Fargo Bank, National Association -- as indenture trustee and collateral agent to the holders of 9.00% Senior Secured Notes due 2016 owed roughly $132 million as of the Petition Date -- is represented by Eric A. Schaffer, Esq., at Reed Smith LLP. An Ad Hoc Committee of Holders of the 9% Secured Notes Due 2016 is represented by Kris M. Hansen, Esq., and Sayan Bhattacharyya, Esq., at Stroock & Stroock & Lavan LLP. Wells Fargo and the Ad Hoc Committee also have hired Stephen M. Pezanosky, Esq., and Mark Elmore, Esq., at Haynes and Boone, LLP, as local counsel. U.S. Bank, National Association -- in its capacity as successor indenture trustee and collateral agent to holders of the 9.00% Convertible Senior Secured Notes due 2012, owed $37 million as of the Petition Date -- is represented by Michael B. Fisco, Esq., at Faegre Baker Daniels LLP, as counsel and J. Mark Chevallier, Esq., at McGuire Craddock & Strother PC as local counsel. William T. Neary, the U.S. Trustee for Region 6 appointed five members to the Official Committee of Unsecured Creditors in the Debtors' cases. The Committee is represented by Otterbourg, Steindler, Houston & Rosen, P.C., and Cole, Schotz, Meisel, Forman & Leonard, P.A. Goldin Associates, LLC serves as its financial advisors. On March 15, 2013, the Court entered an order authorizing the Debtors to sell assets that are primarily utilized by the Debtors to provide wireless backhaul services in the State of Ohio to Cellco Partnership (dba Verizon Wireless) free and clear for $1.5 million. In May 2013, FiberTower sought and obtained Court authority to sell their telecommunications equipment and employ American Communications, LLC, as telecommunications equipment reseller. According to the Debtors, the telecommunications equipment, which was a part of their backhaul business, is no longer necessary in the conduct of their business. They, however, believe that the equipment may have resale value that would benefit their estates. On Jan. 27, 2014, FiberTower, et al., obtained confirmation of their Fourth Amended Joint Chapter 11 Plan. FOX & HOUND: Projects $57MM in Total Receipts Thru Mid-February --------------------------------------------------------------- F&H Acquisition Corp., et al., filed an initial monthly operating report on Dec. 23, 2013. The Initial MOR includes a cash flow projection for the 13-week period covering the week ended December 17, 2013 through the week ended March 11, 2014. The Debtors project operating receipts to aggregate approximately $57 million for the 13-week period through mid-February, and operating disbursements to total around $55 million. The Initial MOR also include a schedule of retainers paid to professionals. Among the Debtors' bankruptcy professionals are Young, Conaway, Stargatt & Taylor, LLP, and Olshan Frome Wolosky, LLP. A copy of the monthly operating report is available at: http://bankrupt.com/misc/F&HACQUISITIONmor.pdf About Fox and Hound Wichita, Kansas-based F & H Acquisition Corp., et al., owners of the Fox & Hound, Champps, and Bailey's Sports Grille casual dining restaurants, filed a Chapter 11 petition (Bankr. D. Del. Lead Case No. 13-13220) on Dec. 16, 2013, to quickly sell their assets. As of the bankruptcy filing, the Debtors have 101 restaurants located in 27 states and 6,000 employees. Sales decreased by approximately 9 percent over the past two years. The Debtors also experienced significant inflation in commodity prices, energy prices and labor costs. F&H estimated assets in excess of $100 million. According to a court filing, outstanding debt obligations total $119 million, including $68.4 million owing on a first-lien loan with General Electric Capital Corp. as agent. The $11.2 million second-lien obligation has Cerberus Business Finance LLC as agent. Unsecured trade suppliers and landlords are owed $11.2 million. The senior lenders are to provide $9.6 million in financing for the bankruptcy, with $3.5 million on an interim basis. The parent holding company, F&H Acquisition Corp., is based in Wichita, Kansas. The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as local counsel, Olshan Frome Wolosky LLP as general counsel, Imperial Capital LLC as financial advisor, and Epiq Bankruptcy Solutions as claims and noticing agent. GMX RESOURCES: Ends December with $2.88 Million Cash ---------------------------------------------------- GMX Resources, Inc., filed on Jan. 24, 2014, its monthly operating report for December 2013. The Debtor's statement of operations showed a net loss of $7.02 million on $2.28 million of total revenues. At Dec. 31, the Debtor posted $320.57 million in total assets, $534.61 million in total liabilities, and a -($214.04 million) total shareholders' deficit. At the beginning of the December, the Debtor had $7.28 million cash. It had total receipts of $4.08 million and total disbursements of $8.48 million. It paid $1.75 million in professional fees. At month end, GMX had $2.88 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/GMXRESOURCESdecmor.pdf About GMX Resources GMX Resources Inc. -- http://www.gmxresources.com/-- is an independent natural gas production company headquartered in Oklahoma City, Oklahoma. GMXR has 53 producing wells in Texas & Louisiana, 24 proved developed non-producing reservoirs, 48 proved undeveloped locations and several hundred other development locations. GMXR has 9,000 net acres on the Sabine Uplift of East Texas. GMXR has 7 producing wells in New Mexico. GMX filed a Chapter 11 petition in its hometown (Bankr. W.D. Okla. Case No. 13-11456) on April 1, 2013, so secured lenders can buy the business in exchange for $324.3 million in first-lien notes. GMX listed assets for $281.1 million and liabilities totaling $458.5 million. GMX missed a payment due in March 2013 on $51.5 million in second- lien notes. Other principal liabilities include $48.3 million in unsecured convertible senior notes. The DIP financing provided by senior noteholders requires court approval of a sale within 75 days following approval of sale procedures. The lenders and principal senior noteholders include Chatham Asset Management LLC, GSO Capital Partners, Omega Advisors Inc. and Whitebox Advisors LLC. David Zdunkewicz, Esq., Timothy A. Davidson II, Esq., and Joseph Rovira, Esq., at ANDREWS KURTH LLP, serves as the Debtors' counsel. Special Local Counsel, Conflicts Counsel and Litigation Counsel for the Debtors are William H. Hoch, Esq., and Christopher M. Staine, Esq., at CROWE & DUNLEVY, P.C. Counsel to Backstop Lenders under DIP Financing and Steering Committee of Holders of Senior Secured Notes are Brian Hermann, Esq., and Sarah Harnett, Esq., at PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP. Counsel to the Unsecured Creditors Committee is Jason Brookner, Esq., at GRAY REED & MCGRAW P.C. Gray Reed replaced Winston & Strawn LLP, effective as of April 25, 2013. The Committee tapped Conway MacKenzie, Inc., as financial advisor. GMX obtained confirmation of its First Amended Joint Plan of Reorganization on Jan. 22, 2014. The Plan, as revised, provides that the senior secured noteholder secured claims will be deemed allowed for $338 million. Each holder of a Senior Secured Noteholder Secured Claim will receive a number of shares of reorganized GMXR Common Stock with a value equal to the lesser of (A) 100% of the Face Amount of that Holder's Allowed Senior Secured Noteholder Secured Claim and (B) the greater of either (i) 27% of the Face Amount the Holder's Allowed Senior Secured Noteholder Secured Claim or (ii) 4.9% of the outstanding Reorganized GMXR Common Stock as of the Effective Date. GOLDKING HOLDINGS: Net Loss Increases to $1.12 Million in December ------------------------------------------------------------------ Goldking Holdings, et al, filed on Jan. 21, 2014, their monthly operating report for December 2013. The Debtors reported $1.12 million in net losses on $752,465 of total revenue in December, an increase from the previous month's net loss of $828,267. At Dec. 31, the Debtors had total assets of $61.69 million, $22.70 million total liabilities, and $38.98 million in total shareholders' equity. At the beginning of the month, the Debtors had a cash balance of $1.60 million with $1.08 million in total receipts and $1.36 million in total disbursements. The Debtors paid $190,185 in professional fees. At the end of the month, the Debtors had $1.32 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/GOLDKINGHOLDINGSdecmor.pdf About Goldking Holdings Goldking Holdings LLC, an oil-and-gas exploration company based in Houston, sought bankruptcy protection (Bankr. D. Del. Case No. 13-12820) in Wilmington, Delaware, on Oct. 30, 2013, from creditors with plans to sell virtually all its assets. Goldking Onshore Operating, LLC, and Goldking Resources, LLC, also sought creditor protection. The cases were initially assigned to Delaware Judge Brendan Linehan Shannon. On Nov. 20, 2013, Judge Shannon granted the request of Goldking's former CEO Leonard C. Tallerine Jr. to move the Chapter 11 case to Houston, Texas (Bankr. S.D. Tex. Case No. 13-37200). Mr. Tallerine owns a nearly 6% stake in the company through an entity called Goldking LT Capital Corp. The Debtors' are represented by Scott W. Everett, Esq., and Christopher L. Castillo, Esq., at Haynes And Boone, LLP. Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor, LLP, in Wilmington, Delaware, serves as the Debtors' co-counsel. Lantana Oil & Gas Partners serves as the Debtors' financial advisors. The Debtors' notice, claims, solicitation and balloting agent is Epiq Bankruptcy Solutions, LLC. In December 2013, the Debtors won Court approval to employ E-Spectrum Advisors LLC, led by its CEO Coy Gallatin, as asset sale advisor. An official committee of unsecured creditors has not yet been appointed in these cases by the Office of the United States Trustee. LIFE UNIFORM: Ends November with $764 Net Loss ---------------------------------------------- Life Uniform Holding Corp., and its affiliates, filed on Jan. 6, 2014, their monthly operating report for the month of November 2013. The Debtors incurred a net loss of $764 for the month. At Nov. 30, the Debtors reported $32.74 million in total assets, $65.17 million in total liabilities, and a -($32.43 million) total shareholders' deficit. The Debtors reported $87,274 in total receipts and $764 in total disbursements for the month. A copy of the monthly operating report is available at: http://bankrupt.com/misc/LIFE_UNIFORMnovmor.pdf About Life Uniform Life Uniform was founded in 1965 when Angelica Corporation decided to enter the retail uniform industry. The first Life Uniform store opened in 1965 in Clayton, Missouri. At present, Life Uniform is the nation's largest independently owned medical professional supplier. Sun Uniform LLC acquired Life Uniform in July 2004. Since the acquisition by Sun the company addressed sagging profitability and overhead issues and quickly drove increases in profitability through a combination of store rationalization and sensible corporate overhead initiatives. However, recent performance has been declining in terms of revenue. This is due to the company's liquidity issues, which prevented the company from completing its e-commerce system upgrade, encourage better pricing from vendors, and maintain sufficient capital. Life Uniform Holding Corp., Healthcare Uniform Company, Inc., and Uniform City National Inc. filed Chapter 11 petitions (Bankr. D. Del. Case Nos. 13-11391 to 13-11393) on May 29, 2013. The petitions were signed by Bryan Graiff, COO, CFO, VP, secretary, and treasurer. Life Uniform Holding disclosed $10,695,870 in assets and $36,821,034 in liabilities as of the Chapter 11 filing. Life Uniform and Uniform City received court authority on July 26 to sell the business for $22.6 million to Scrubs & Beyond LLC. There were no competing bids, so an auction wasn't held. First lien lender CapitalSource Finance LLC is owed on a $11.5 million revolver and $26 million term loan. CapitalSource is represented by Brian T. Rice, Esq., at Brown Rudnick LLP; and Jeffrey C. Wisler, Esq., at Connolly Gallagher LLP. Sun Uniforms Finance LLC is owed $6.1 million in principal on a second lien note and holds two additional notes, each in the original principal of $1.08 million. Angelica Corp. holds an unsecured junior subordinate not in the principal amount of $5.48 million. Domenic E. Pacitti, Esq., at Klehr Harrison Harvey Branzburg, LLP, serves as the Debtors' counsel. Epiq Bankruptcy Solutions acts as the Debtors' administrative agent, and claims and noticing agent. The Debtors' financial advisor is Capstone Advisory Group, LLC. Crowe Horwath LLP serves as tax accountants, while Brown Smith Wallace LLC serves as wind-down tax accountants to the Debtors. The Official Committee of Unsecured Creditors is represented by Seth Van Aalten, Esq., at Cooley LLP, and Ann M. Kashishian, Esq., at Cousins Chipman & Brown, LLP as counsel. The U.S Trustee for Region 3 appointed Boris Segalis of InfoLawGroup LLP as consumer privacy ombudsman in the case. Womble Carlyle Sandridge & Rice, LLP, is counsel to the ombudsman. The U.S. Bankruptcy Court for the District of Delaware has authorized changes to the name and caption in the Chapter 11 cases of Life Uniform Holding Corp., et al. As of Aug. 26, 2013, the name and caption of the Debtors' cases has been changed -- (1) Life Uniform Holding Corp. changed to LUHC Wind Down Corp.; (2) Healthcare Uniform Company, Inc. changed to HUCI Wind Down, Inc.; and (3) Uniform City National, Inc., changed to UCNI Wind Down, Inc. LIFE UNIFORM: Net Loss Increases to $61,742 in December ------------------------------------------------------- Life Uniform Holding Corp., and its affiliates, filed on Jan. 20, 2014, their monthly operating report for the month of December 2013. The Debtors' statement of operations showed $61,742 in net losses for December, a substantial increase from the previous month's net loss of only $764. At Dec. 31, 2013, the Debtors posted $32.74 million in total assets, $65.17 million in total liabilities, and a -($32.43 million) total shareholders' deficit. The Debtors reported zero receipts and $61,742 in total disbursements for the month. A copy of the monthly operating report is available at: http://bankrupt.com/misc/LIFE_UNIFORMdecmor.pdf About Life Uniform Life Uniform was founded in 1965 when Angelica Corporation decided to enter the retail uniform industry. The first Life Uniform store opened in 1965 in Clayton, Missouri. At present, Life Uniform is the nation's largest independently owned medical professional supplier. Sun Uniform LLC acquired Life Uniform in July 2004. Since the acquisition by Sun the company addressed sagging profitability and overhead issues and quickly drove increases in profitability through a combination of store rationalization and sensible corporate overhead initiatives. However, recent performance has been declining in terms of revenue. This is due to the company's liquidity issues, which prevented the company from completing its e-commerce system upgrade, encourage better pricing from vendors, and maintain sufficient capital. Life Uniform Holding Corp., Healthcare Uniform Company, Inc., and Uniform City National Inc. filed Chapter 11 petitions (Bankr. D. Del. Case Nos. 13-11391 to 13-11393) on May 29, 2013. The petitions were signed by Bryan Graiff, COO, CFO, VP, secretary, and treasurer. Life Uniform Holding disclosed $10,695,870 in assets and $36,821,034 in liabilities as of the Chapter 11 filing. Life Uniform and Uniform City received court authority on July 26 to sell the business for $22.6 million to Scrubs & Beyond LLC. There were no competing bids, so an auction wasn't held. First lien lender CapitalSource Finance LLC is owed on a $11.5 million revolver and $26 million term loan. CapitalSource is represented by Brian T. Rice, Esq., at Brown Rudnick LLP; and Jeffrey C. Wisler, Esq., at Connolly Gallagher LLP. Sun Uniforms Finance LLC is owed $6.1 million in principal on a second lien note and holds two additional notes, each in the original principal of $1.08 million. Angelica Corp. holds an unsecured junior subordinate not in the principal amount of $5.48 million. Domenic E. Pacitti, Esq., at Klehr Harrison Harvey Branzburg, LLP, serves as the Debtors' counsel. Epiq Bankruptcy Solutions acts as the Debtors' administrative agent, and claims and noticing agent. The Debtors' financial advisor is Capstone Advisory Group, LLC. The Official Committee of Unsecured Creditors is represented by Seth Van Aalten, Esq., at Cooley LLP, and Ann M. Kashishian, Esq., at Cousins Chipman & Brown, LLP as counsel. The U.S. Bankruptcy Court for the District of Delaware has authorized changes to the name and caption in the Chapter 11 cases of Life Uniform Holding Corp., et al. As of Aug. 26, 2013, the name and caption of the Debtors' cases has been changed -- (1) Life Uniform Holding Corp. changed to LUHC Wind Down Corp.; (2) Healthcare Uniform Company, Inc. changed to HUCI Wind Down, Inc.; and (3) Uniform City National, Inc., changed to UCNI Wind Down, Inc. METEX MFG: Reports $36,707 Cash Profit in December -------------------------------------------------- Metex Mfg. Corporation, filed on Jan. 16, 2014, its monthly operating report for the month ending December 31, 2013. The Debtor reported $36,707 in net profit for the month. At Dec. 31, the Debtor posted $5.80 million in total assets, $9.39 million in total liabilities, and a -($3.59 million) total shareholders' deficit. At the beginning of the month, the Debtor had $1.66 million in cash. The Debtor reported $63,460 in total receipts and $26,753 in total disbursements. At month end, they had $1.69 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/METEXMFGdecmor.pdf About Metex Great Neck, New York-based Metex Mfg. Corporation, formerly known as Kentile Floors, Inc., started business in the late 1800's as a manufacturer of cork tile, and thereafter progressed to making composite tile for commercial and residential use. Metex filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No. 12-14554) on Nov. 9, 2012. The petition was signed by Anthony J. Miceli, president. The Debtor estimated its assets and debts at $100 million to $500 million. Judge Burton R. Lifland presides over the case. Paul M. Singer, Esq., and Gregory L. Taddonio, Esq., at Reed Smith LLP, in Pittsburgh, Pa.; and Paul E. Breene, Esq., and Michael J. Venditto, Esq., at Reed Smith LLP, in New York, N.Y., represent the Debtor as counsel. NORTHSTAR AEROSPACE: Increases December Ending Cash to $279,000 --------------------------------------------------------------- Northstar Aerospace (USA) Inc., now known as NSA (USA) Liquidating Corp., et al., on Jan. 17, 2014, filed their monthly operating report for December 2013. The Debtors incurred a net loss of $1,000 on zero revenue for December, a decrease from the previous month's net loss of $40,000. The Debtor's net loss from inception to-date is pegged at $5.32 million. At Nov. 30, 2013, the Debtors posted $102.16 million in total assets, $87.49 million in total liabilities, and a $14.68 million total shareholder's equity. At the beginning of the month, the Debtors had $240,000 cash. They recorded $40,000 in total receipts, zero disbursements, and $1,000 in restructuring costs for the reporting period. Thus, at month end, they had $279,000 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/NORTHSTAR_AEROSPACEdecmor.pdf About Northstar Aerospace Chicago, Illinois-based Northstar Aerospace -- http://www.nsaero.com/-- is an independent manufacturer of flight critical gears and transmissions. With operating subsidiaries in the United States and Canada, Northstar produces helicopter gears and transmissions, accessory gearbox assemblies, rotorcraft drive systems and other machined and fabricated parts. It also provides maintenance, repair and overhaul of components and transmissions. Its plants are located in Chicago, Illinois; Phoenix, Arizona and Milton and Windsor, Ontario. Northstar employs over 700 people across its operations. Northstar Aerospace, along with affiliates, filed for Chapter 11 protection (Bankr. D. Del. Lead Case No. 12-11817) in Wilmington, Delaware, on June 14, 2012, to sell its business to affiliates of Wynnchurch Capital, Ltd., absent higher and better offers. The names of the Debtors were changed as contemplated by the approved sale transaction. Attorneys at Dentons US LLP and Bayard, P.A. serve as counsel to the Debtors. The Debtors have obtained approval to hire Logan & Co. Inc. as the claims and notice agent. Certain Canadian affiliates are also seeking protection pursuant to the Companies' Creditors Arrangement Act, R.S.C.1985, c. C-36, as amended. As of March 31, 2012, Northstar disclosed total assets of $165.1 million and total liabilities of $147.1 million. About 60% of the assets and business are with the U.S. Debtors. PERSONAL COMMUNICATIONS: Holdings' Sept. Assets Total $126.90MM --------------------------------------------------------------- Personal Communications Devices Holdings, LLC, holding company of Personal Communications Devices, LLC, on Jan. 15, 2014, filed its monthly operating report for the period covering Aug. 20 to Sept. 30, 2013. The Debtor's statement of operations showed no profit or loss and zero revenue for the month. At September 30, the Debtor reported $126.90 million in total assets, $70.99 million in total liabilities, and $55.91 million total shareholders' equity. A copy of the monthly operating report is available at: http://bankrupt.com/misc/PERSONALCommHoldings_sept2013MOR.PDF About PCD Personal Communications Devices LLC and an affiliate, Personal Communications Devices Holdings, LLC, filed for Chapter 11 bankruptcy (Bankr. E.D.N.Y. Case No. 13-74303) on Aug. 19, 2013, in Central Islip, N.Y. The Debtor disclosed $247,952,684 in assets and $284,985,134 in liabilities as of the Chapter 11 filing. PCD -- http://www.pcdphones.com-- was in the business of providing carriers and manufacturers an array of product life cycle management services that includes planning and development; inventory; technical testing; quality control; forward and reverse logistics; sell-in and sell-thru, marketing & warranty support. PCD sold its assets to Quality One Wireless LLC for $105 million in October 2013. The bankruptcy auction was cancelled as no competing offers were submitted. Bankruptcy Judge Alan S. Trust oversees the case. Attorneys at Goodwin Procter, LLP and Togut, Segal & Segal, LLP serve as counsel to the Debtors. Epiq Bankruptcy Solutions, LLC, is the claims and notice agent. BG Strategic Advisors, LLC, is the financial advisor. Richter Consulting, Inc., is the investment banker. Q1W is advised by Raymond James and Associates, Inc. and Munsch Hardt Kopf & Harr, P.C. A three-member official committee of unsecured creditors was appointed in the Chapter 11 case. The Committee retained FTI Consulting, Inc., as financial advisor, and Perkins Coie LLP as counsel. PERSONAL COMMUNICATIONS: Holdings Has $55MM Net Loss in October --------------------------------------------------------------- Personal Communications Devices Holdings, LLC, holding company of Personal Communications Devices, LLC, on Jan. 15, 2014, filed its monthly operating report for October 2013. The Debtor reported a net loss of $55.91 million with zero sales for the month. The Debtor reported no assets, liabilities and stockholders' equity for the month. A copy of the monthly operating report is available at: http://bankrupt.com/misc/PERSONALCOMMUNICATIONSoctmor.pdf About PCD Personal Communications Devices LLC and an affiliate, Personal Communications Devices Holdings, LLC, filed for Chapter 11 bankruptcy (Bankr. E.D.N.Y. Case No. 13-74303) on Aug. 19, 2013, in Central Islip, N.Y. The Debtor disclosed $247,952,684 in assets and $284,985,134 in liabilities as of the Chapter 11 filing. PCD -- http://www.pcdphones.com-- was in the business of providing carriers and manufacturers an array of product life cycle management services that includes planning and development; inventory; technical testing; quality control; forward and reverse logistics; sell-in and sell-thru, marketing & warranty support. PCD sold its assets to Quality One Wireless LLC for $105 million in October 2013. The bankruptcy auction was cancelled as no competing offers were submitted. Bankruptcy Judge Alan S. Trust oversees the case. Attorneys at Goodwin Procter, LLP and Togut, Segal & Segal, LLP serve as counsel to the Debtors. Epiq Bankruptcy Solutions, LLC, is the claims and notice agent. BG Strategic Advisors, LLC, is the financial advisor. Richter Consulting, Inc., is the investment banker. Q1W is advised by Raymond James and Associates, Inc. and Munsch Hardt Kopf & Harr, P.C. A three-member official committee of unsecured creditors was appointed in the Chapter 11 case. The Committee retained FTI Consulting, Inc., as financial advisor, and Perkins Coie LLP as counsel. SAVIENT PHARMACEUTICALS: Reports $2.2-Mil. Net Loss in December --------------------------------------------------------------- Savient Pharmaceuticals, Inc., et al., on Dec. 22, 2013, filed with the U.S. Securities and Exchange Commission their monthly operating report for the month ending December 31, 2013. The Debtors' statement of operations showed a $2.20 million net loss on $2.28 million net revenues. At Dec. 31, 2013, the Debtors reported $178.61 million in total assets, $296.53 million in total liabilities, and a -($117.92 million) shareholders' deficit. At the beginning of the month, the Debtors had a cash balance of $16.73 million. They had total receipts of $2.37 million and total disbursements of $2.49 million. Thus, at the end of the month, the Debtors had $16.61 million cash. A copy of the monthly operating report is available at the SEC at: http://is.gd/D9nlQx About Savient Pharmaceuticals Headquartered in Bridgewater, New Jersey, Savient Pharmaceuticals, Inc. -- http://www.savient.com/-- is a specialty biopharmaceutical company focused on developing and commercializing KRYSTEXXA(R) (pegloticase) for the treatment of chronic gout in adult patients refractory to conventional therapy. Savient has exclusively licensed worldwide rights to the technology related to KRYSTEXXA and its uses from Duke University and Mountain View Pharmaceuticals, Inc. The Company and its affiliate, Savient Pharma Holdings, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 13-12680) on Oct. 14, 2013. The Debtors are represented by Kenneth S. Ziman, Esq., and David M. Turetsky, Esq., at Skadden Arps Slate Meagher & Flom LLP, in New York; and Anthony W. Clark, Esq., at Skadden Arps Slate Meagher & Flom LLP, in Wilmington, Delaware. Cole, Schotz, Meisel, Forman & Leonard P.A., also serves as the Company's conflicts counsel, and Lazard Freres & Co. LLC serves as its financial advisor. GCG Inc. serves as the Debtors' claims agent. U.S. Bank National Association, as Indenture Trustee and Collateral Agent, is represented by Clark T. Whitmore, Esq., at Maslon Edelman Borman & Brand, LLP, in Minneapolis, Minnesota. The Unofficial Committee of Senior Secured Noteholders is represented by Andrew N. Rosenberg, Esq., Elizabeth McColm, Esq., and Jacob A. Adlerstein, Esq., at Paul, Weiss, Rifkind, Wharton & Garrison LLP, in New York; and Pauline K. Morgan, Esq., at Young, Conaway, Stargatt & Taylor LLP, in Wilmington, Delaware. SCOOTER STORE: December Net Loss Decreases to $733,862 ------------------------------------------------------ The Scooter Store Holdings, Inc., et al., filed on Jan. 20, 2014, their monthly operating report for December 2013. The Debtors' consolidated statement of operations showed a net loss of $733,862, a decrease from the previous month's net loss of $5.02 million. At Dec. 31, 2013, the Debtors had total assets of $2.84 million, $119.56 million total liabilities, and a -($116.72 million) in total shareholders' deficit. At the start of the month, the Debtors had a beginning book cash of $5.75 million. They reported $4.56 million in total receipts, $259,024 in total operating disbursements, $2.7 million total non- operating disbursements and $5.17 million in revolver repayments. At month end, the Debtors listed a closing book balance of $2.17 million. A copy of the monthly operating report is available at: http://bankrupt.com/misc/SCOOTERSTOREdecmor.pdf About The Scooter Store The Scooter Store is a supplier of power mobility solutions, including power wheelchairs, scooters, lifts, ramps, and accessories. The Scooter Store's products and services provide today's seniors and disabled persons potential alternatives to living in nursing homes or other care facilities. Headquartered in New Braunfels, Texas, the Scooter Store has a nationwide network of distribution centers that service products owned or leased by the Company's customers. It has 57 distribution centers in 41 states. Scooter Store Holdings Inc., and 71 affiliates filed for Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 13-10904) in Wilmington. The closely held company listed assets of less than $10 million and debt of more than $50 million. Affiliates of private equity firm Sun Capital Partners, based in Boca Raton, Florida, purchased a majority voting interest in the debtors in 2011. Scooter Store is 66.8 percent owned by Sun Capital Partners Inc., owed $40 million on a third lien. In addition to Sun's debt and $25 million on a second lien owing to Crystal Financial LLC, there is a $25 million first-lien revolving credit owing to CIT Healthcare LLC as agent. Crystal is providing $10 million in financing for bankruptcy. ********* 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 by e-mail. 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 the nation's bankruptcy courts. The list includes links to freely downloadable of these small-dollar petitions in Acrobat PDF documents. 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. ********* 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, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2014. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The TCR subscription rate is $975 for 6 months delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each. For subscription information, contact Peter A. 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