TCR_Public/170131.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, January 31, 2017, Vol. 21, No. 30

                            Headlines

1016 WEST: Court Denies 1st Equity's Bid to File Foreclosure Case
1776 AMERICAN: Case Summary & 7 Unsecured Creditors
21ST CENTURY: Dr. Daniel Dosoretz Quits as Director
2401 NOTTINGHAM: Taps Goe & Forsythe as General Bankruptcy Counsel
4LICENSING CORP: Court Confirms Combined Chapter 11 Plan

ALLIED INJURY: Ch.11 Trustee Taps SulmeyerKupetz as Bankr. Counsel
ALPHATEC HOLDINGS: Ebun Garner Resigns as Gen. Counsel & Secretary
ALSON ALSTON: Bid to Reinstate Bankruptcy Case Denied
AMERICAN RESOURCE: Court Grants Buyer's Bid to Enforce Sale Order
APPROACH RESOURCES: S&P Cuts CCR to 'SD' on $130MM Notes Exchange

ARCH COAL: S&P Assigns 'B+' CCR After Bankruptcy
ATOPTECH INC: Hearing on Incentive Packages Set for Feb. 13
AYTU BIOSCIENCE: Files Updated Registration Statements with SEC
AYTU BIOSCIENCE: Has Offer to Amend and Exercise Warrants
BEN HOGAN GOLF: Case Summary & 20 Largest Unsecured Creditors

BENNIGAN'S SADDLEBROOK: Voluntary Chapter 11 Case Summary
BIOSCRIP INC: Appoints Home Solutions Designee as Director
BOULEVARD ENTERTAINMENT: Court Dismisses Chapter 11 Case
C&D COAL: Committee to Hire Whiteford, Taylor & Preston as Counsel
CENTRAL IOWA: PCO Files 1st Interim Report

CHC GROUP: Notifies of Cayman Provisional Liquidation Appointment
COMMUNITY HOME: Court Won't Reconsider Immediate Payment Opinion
COMMUNITY TRANSLATOR: Asks Court to Approve Plan Outline
CRYOPORT INC: May Offer $50 Million Worth of Securities
DAKOTA PLAINS: Court Enters Final Approval on DIP Financing

DATA SYSTEMS: President's Bid to Restrict Stock Transfer Denied
DELCATH SYSTEMS: OKs Temporary Notes Conversion Price Reduction
DESIGNLINE CORP: Trustee Loses Bid for Litigation Financing
DEX MEDIA: Must Defend Against Yellow Pages Photos' Counterclaim
DIFFUSION PHARMACEUTICALS: Amends Charter to Hike Preferred Stock

DIGIPATH INC: Appoints Alfredo Axtmayer to Board of Directors
DIGIPATH INC: Dismisses Anton & Chia as Accountants
DONNA NEWSOME: Seeks to Waive Patient Care Ombudsman Appointment
DOWLING COLLEGE: Deadline to File Claims Set for March 10
ECOARK HOLDINGS: Strategic Planning Has 6.23% Stake as of Dec. 31

ENERGY FUTURE: Plan Confirmation Trial to Begin Feb. 14
FERGUSON CONVALESCENT: Still Faces Financial Obligations, PCO Says
FINANCIAL GRAVITY: Whitley Penn LLP Casts Going Concern Doubt
FRYMIRE SERVICES: Ch.11 Trustee Hires Lain Faulkner as Accountant
FUNCTION(X) INC: New COO Brian Rosin Gets $250K Annual Base Salary

GAMESTOP CORP: S&P Lowers CCR to 'BB' on Weak Performance
GO DADDY: S&P Assigns 'BB-' Rating on Proposed $2.7BB Facility
HC2 HOLDINGS: Tack-On Offering Credit Negative, Moody's Says
HEXION INC: Offering $225 Million Senior Secured Notes due 2022
HISPANICA INTERNATIONAL: Limited Revenues Cast Going Concern Doubt

HOMER CITY: Court OKs Assumption of Morgan Stanley Engagement
HORIZON GLOBAL: Moody's Affirms B2 Corporate Family Rating
HYLAND SOFTWARE: Moody's Raises Corporate Family Rating to B2
IMAGEWARE SYSTEMS: Amends $15 Million Prospectus with SEC
IMAGEWARE SYSTEMS: Extends Maturity of Goldman Note to Dec. 2017

IMPLANT SCIENCES: Equity Panel Objects to Investment Banker's Fees
INSIGHTRA MEDICAL: Case Summary & 20 Largest Unsecured Creditors
ITUS CORP: To Issue 947,606 Common Shares to Meetrix
KINGTONE WIRELESSINFO: BDO China Raises Going Going Doubt
LE BARON OUTDOOR: First Creditor's Meeting Set for February 6

LESLIE'S POOLMART: S&P Affirms 'B' CCR Following L Catterton Deal
LSF 10 CEDAR: S&P Assigns 'B' CCR; Outlook Stable
MANOR VENTURES: Case Summary & 5 Unsecured Creditors
MARGARET BARNES: Loses Appeal in Malpractice Suit Against Ozarks
MICROFIBRES INC: Judge Agrees to Seal WARN Act Settlement

MODULAR SPACE: Court Approves Restructuring Support Agreement
MODULARE INC: Voluntary Chapter 11 Case Summary
MOSES INC: Taps REDW LLC as Accountant
MT YOHAI: Taps Goe & Forsythe as General Bankruptcy Counsel
MUSCLEPHARM CORP: Extends CEO Promissory Note Maturity to Nov. 8

OMNI HEALTH: Losses From Operations Raises Going Concern Doubt
PANAMA CITY INVESTMENTS: Court Approves Disclosure Statement
PASO GAS: Hires Vega CPA as Accountant
PEABODY ENERGY: Mangrove's Revised Backstop Offers Rejected
PERSEON CORP: Plan of Reorganization Declared Effective

PICO HOLDINGS: Bloggers Recap Aborted UCP Debt Offering
PLASTIC2OIL INC: Further Extends MOU Term Until March 24
PRESIDENTIAL REALTY: A. Gray Holds 10.6% B Shares as of Dec. 20
PRESIDENTIAL REALTY: Alexander Ludwig Holds 9.5% of Class B Stock
PRESIDENTIAL REALTY: Brandt Owns 6.1% of Class B Stock as of Jan. 6

PRESIDENTIAL REALTY: Gray Holds 6.25% of B Shares as of Aug. 24
PRESIDENTIAL REALTY: Jeffrey Joseph Holds 8.6% of Class B Stock
PRESIDENTIAL REALTY: Jeffrey Rogers Owns 5.9% of Class B Stock
PRESIDENTIAL REALTY: Nickolas Jekogian Has 8.5% Stake as of Jan. 6
ROSETTA GENOMICS: Eliminates Chief Commercial Officer Post

SALON MEDIA: Board Elects 3 New Directors After Resignations
SALON MEDIA: Files Series A Pref. Stock Certificate of Designation
SALON MEDIA: Has Private Placement of 2.4 Million Pref. Shares
SIGNATURE APPAREL: Christopher, Jacqueline Laurita's Counsel Leaves
SINO CLEAN: District Court Affirms Dismissal of Ch. 11 Case

SOUTHERN TV: Case Summary & 20 Largest Unsecured Creditors
SPIN CITY EC: Plan Confirmation Hearing on Feb. 22
STAR WEST: Moody's Affirms B1 Rating on $545MM Secured Loans
STONE ENERGY: Noteholders Ask Judge to Permit EQT to Join Bidding
STONE ENERGY: Shareholders Agree EQT Should Join Bidding

STONEWAY CAPITAL: Moody's Assigns 'B3' Rating on $500MM Notes
STRATEGIC ASSET: Case Summary & 20 Largest Unsecured Creditors
SUNEDISON INC: Court Limits CSI's Rule 2004 Examination
SUNVALLEY SOLAR: Files Financial Statements of Rayco Energy
TANNER COMPANIES: Case Summary & 20 Largest Unsecured Creditors

TERRANOVA LANDSCAPES: Case Summary & 20 Top Unsecured Creditors
TH AGRICULTURE: Ousts Steven L. Carter as Manager
TOISA LIMITED: Case Summary & 30 Largest Unsecured Creditors
TOISA LIMITED: Files for Bankruptcy Blaming Oil Price Slump
TOOLING SCIENCE: Disclosures OK'd; Plan Hearing on March 7

TRANSGENOMIC INC: Kevin Douglas Reports 4.2% Stake as of Dec. 31
VIOLIN MEMORY: Soros Fund's Unit Wins Auction with $14.5MM Bid
ZWO ENTERPRISES: Case Summary & 2 Unsecured Creditors
[*] 7th Cir. Denies Reopening of Lawsuit Against Rabobank
[^] Large Companies with Insolvent Balance Sheet


                            *********

1016 WEST: Court Denies 1st Equity's Bid to File Foreclosure Case
-----------------------------------------------------------------
The Hon. Jacqueline P. Cox of the U.S. Bankruptcy Court for the
Northern District of Illinois issued a memorandum opinion denying
1st Equity Bank Northwest's request for court order authorizing
foreclosure action to proceed against 1016 West Hollywood, LLC, and
The 800 Building.

1st Equity sought court order allowing it to file a foreclosure
case in state court and findings that neither the automatic stay
nor the plan injunction prohibits it from doing so.  

The Debtors' Joint Chapter 11 Plan was confirmed on Jan. 22, 2016.
That Plan indicates that confirmation of the Plan will constitute
authorization for the Reorganized Debtors to enter into the
International Bank of Chicago Restructuring Support Agreement and
the 1st Equity Restructuring Agreement.  The IBC Restructuring
Agreement was to be filed with the Plan Supplement.

The Debtors assert that as they were working to finalize the Plan,
1st Equity demanded at the last minute that the Plan had to become
effective no later than Jan. 28, 2016, to appease 1st Equity's
regulators, although they had agreed that completion of the
assignment documents would occur at the same time as the payment.
Therefore the Debtors pushed to confirm the Plan and fund the $3.5
million payment by Jan. 28, 2016, which occurred.  The Debtors
alleged that 1st Equity refused to push forward with the 70 Harbor
foreclosure, wasting time.  The loan sale agreement and the
assignment documents were not delivered by 1st Equity until the
last day the 70 Harbor foreclosure sale could be completed without
republishing the sale notice, two months after the Effective Date
when the $3.5 million was received.  The reorganized 800 Building
Debtor was obligated under the deal to pay the $144,000 property
tax bill on 70 Harbor by Aug. 1, 2016, and 1st Equity knew that the
reorganized 800 Building Debtor would not be able to do so if it
could not complete the 70 Harbor foreclosure and then either sell
or refinance 70 Harbor before that date, which is what happened.

The Debtors allege that 1st Equity is trying to use the reorganized
800 Building Debtor's failure to pay the taxes as a basis to
foreclose on 70 Harbor and reap a windfall.

The Debtors also allege that 1st Equity refused to release its
mortgage on the Hollywood Debtor's property on the Effective Date
as provided for in the Plan.  The Debtors alleges that 1st Equity's
conduct jeopardizes the Debtors' restructuring efforts with the
International Bank of Chicago.

According to the Court, it would be premature to send the matter to
state court when the bankruptcy case is still open and transactions
required by the confirmation order have not been completed.

No final decree has been entered in this case, the court notes.
These bankruptcy cases have not been closed, the court adds.

A full-text copy of Judge Cox's Memorandum Opinion dated January
18, 2017, is available at https://is.gd/KAorIY from Leagle.com.

The 800 Building, LLC, is represented by Judy B. Calton, Esq., at
Honigman Miller Schwartz and Cohn LLP, and David J. Fischer, Esq.,
and Phillip W. Nelson, Esq., at Locke Lord LLP.

Headquartered in Chicago, Illinois, 1016 West Hollywood, LLC, filed
for Chapter 11 bankruptcy protection (Bankr. N.D. Ill. Case No.
14-02696) on Jan. 29, 2014, estimating its assets and liabilities
at between $1 million and $10 million each.  The petition was
signed by Leon Petcov, manager.

Judge Jacqueline P. Cox presides over the case.

David J. Fischer, Esq., and Phillip W. Nelson, Esq., at Edwards
Wildman Palmer LLP serve as the Debtor's bankruptcy counsel.


1776 AMERICAN: Case Summary & 7 Unsecured Creditors
---------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

     Debtor                                        Case No.
     ------                                        --------
     1776 American Properties IV LLC               17-30422
     #1 Coralvine Court
     Spring, TX 77380

     1776 American Properties V LLC                17-30424
     1776 American Properties VI LLC               17-30425
     1776 American Properties VII LLC              17-30426
     1776 American Properties VIII LLC             17-30427
     APRF SP1-1 LLC                                17-30429
     Arica Lane LLC                                17-30430
     Austin Road Partners LLC                      17-30432
     Hazelwood Brownstone LLC                      17-30433
     Hazelwood Management Services LLC             17-30434
     Independence Construction and Finance Inc     17-30435
     Reims Holdings LLC                            17-30436
     Staunton Street Partners LLC                  17-30437

Nature of Business: Real Estate

Chapter 11 Petition Date: January 27, 2017

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. Karen K. Brown

Debtor's Counsel: Josh T. Judd, Esq.
                  ANDREWS MYERS PC
                  3900 Essex Lane, Suite 800
                  Houston, TX 77027
                  Tel: 713-850-4200
                  Fax: 832-786-4877
                  E-mail: jjudd@andrewsmyers.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $0 to $50,000

The petition was signed by Jeff Fisher, director of manager.

A copy of the Debtor's list of seven unsecured creditors is
available for free at http://bankrupt.com/misc/txsb17-30422.pdf


21ST CENTURY: Dr. Daniel Dosoretz Quits as Director
---------------------------------------------------
Dr. Daniel E. Dosoretz, a member of the Board of Directors of 21st
Century Oncology Holdings, Inc., notified the Board of his decision
to resign as a director of the Company, effective Jan. 23, 2017.
The Company thanks him for his time and dedicated service on the
Board.  Dr. Dosoretz continues to serve as a senior physician for
the Company, and the Company looks forward to working with Dr.
Dosoretz and his affiliates to continue to provide quality care to
its patients and grow its business for its extensive physician
network and stakeholders.

                       About 21st Century

Fort Myers, Florida-based 21st Century Oncology Holdings, Inc.
(NYSEMKT:ICC), formerly Radiation Therapy Services Holdings, Inc.,
is a physician-led provider of integrated cancer care (ICC)
services.  It operates an integrated network of cancer treatment
centers and affiliated physicians in the world which, as of
December 31, 2015, deployed approximately 947 community-based
physicians in the fields of radiation oncology, medical oncology,
breast, gynecological, general surgery and urology.  As of December
31, 2015, the Company's physicians provided medical services at
approximately 375 locations, including over 181 radiation therapy
centers, of which 59 operated in partnership with health systems.
Its cancer treatment centers in the United States are operated
under the 21st Century Oncology brand.

As of Sept. 30, 2016, 2st Century had $1.05 billion in total
assets, $1.39 billion in total liabilities, $472.34 million in
series A convertible redeemable preferred stock, $19.24 million in
non-controlling interests - redeemable and a total deficit of
$833.89 million.

                          *     *     *

As reported by the TCR on Nov. 4, 2016, S&P Global Ratings lowered
its corporate credit rating on 21st Century Oncology Holdings to
'SD' from 'CCC' and removed the ratings from CreditWatch, where
they were placed with negative implications on May 17, 2016.  "The
downgrade follows 21st Century's announcement that it failed to
make the Nov. 1, 2016, interest payment on the 11.0% senior
unsecured notes due 2023," said S&P Global Ratings credit analyst
Matthew O'Neill.  Given S&P's view of the company's debt level as
unsustainable, and ongoing restructuring discussions, it does not
expect a payment to be made within the grace period.


2401 NOTTINGHAM: Taps Goe & Forsythe as General Bankruptcy Counsel
------------------------------------------------------------------
2401 Nottingham, LLC, a California limited liability company, seeks
permission from the United States Bankruptcy Court for the Central
District of California, Santa Ana Division, to employ Goe &
Forsythe, LLP as general bankruptcy counsel.

Services to be rendered by the Firm are:

     A. To advise and assist Debtor with respect to compliance with
the requirements of the United States Trustee;

     B. To advise Debtor regarding matters of bankruptcy law,
including the rights and remedies of Debtor in regard to her assets
and with respect to the claims of creditors;

     C. To represent or assist Debtor and/or other professionals in
any proceedings or hearings in the Bankruptcy Court and in any
action in any other court where Debtor's rights under the
Bankruptcy Code may be litigated or affected;

     D. To conduct examinations of witnesses, claimants, or adverse
parties and to prepare and assist in the preparation of reports,
accounts, and pleadings related to this Chapter 11 case;

     E. To advise Debtor concerning the requirements of the
Bankruptcy Court and applicable rules as the same affect Debtor in
this proceeding;

     F. To assist Debtor in negotiation, formulation, confirmation,
and implementation of a Chapter 11 plan of reorganization;

     G. To make any bankruptcy court appearances on behalf of
Debtor; and

     H. To take such other action and perform such other services
as Debtor may require of the Firm in connection with this Chapter
11 case.

The Firm has agreed to receive a retainer of $12,500.00. The Firm
received the retainer from Wilson Keadjian Browndorf, LLP. The Firm
is not a creditor of the Debtor as of the date and time of the
filing of the Petition.

Marc C. Forsythe declares that the Firm is a disinterested person
within the meaning of 11 U.S.C. Section 101(14). Furthermore, the
Firm does  not have an interest adverse to Debtor's estate in
accordance with 11 U.S.C. Section 327.

The Firm's current hourly rates are:

     Professionals    Hourly Rate
    --------------    -----------
    Robert P. Goe        $300.00
    Marc C. Forsythe     $300.00
      Associates
    Donald W. Reid       $300.00
    Charity J. Miller    $295.00
      Legal Assistants
    Kerry A. Murphy      $140.00

The Firm can be reached through:

     Marc C. Forsythe, Esq.
     Donald W. Reid, Esq.
     Charity J. Miller, Esq.
     GOE & FORSYTHE, LLP
     18101 Von Karman Avenue, Suite 1200
     Irvine, CA 92612
     Telephone: (949) 798-2460
     Facsimile: (949) 955-9437
     Email: mforsythe@goeforlaw.com
            dreid@goeforlaw.com
            cmiller@goeforlaw.com

                         About 2401 Nottingham, LLC,

2401 Nottingham, LLC,a California Limited Liability Company,
headquartered at Newport Beach, filed a Chapter 11 petition (Bankr.
C.D. Cal. Case No. 16-15243) on December 29, 2016. The petition was
signed by Jeffrey Yohai, managing member. Hon. Catherine E. Bauer
presides the case.

The Debtor estimates assets and liabilities between $1 million to
$10 million.


4LICENSING CORP: Court Confirms Combined Chapter 11 Plan
--------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court
confirmed 4Licensing's Combined Chapter 11 Plan of Reorganization
and Disclosure Statement.  According to documents filed with the
Court, "The Debtor shall issue New Common Stock in exchange for
Allowed Secured Claims and cash.  Buyer shall purchase 38,327
shares of the New Common Stock for the total purchase price of
$462,673 that represents 38.3% of the New Common Stock. Debtor
shall issue 58,000 shares of New Common Stock to Prescott in
payment for that portion of the Allowed Prescott Secured Claim
represented by Prescott Note 1 and such shares shall represent 58%
of the New Common Stock.  Debtor shall grant an option to Rudd
whereby Rudd can acquire 3,673 shares of New Common Stock in
satisfaction of the Allowed Rudd Secured Claim and such shares
shall represent 3.7% of the New Common Stock. In the event that
Rudd elects to receive cash in satisfaction of its Allowed Class 3
Claim, Buyer will purchase the shares of New Common Stock offered
to Rudd (3,673 shares) for the additional price of $44,344.  Buyer
and Prescott will be the sole shareholders of Reorganized Debtor on
the Effective Date unless Rudd shall have exercised its option to
purchase New Common Stock."  

                About 4Licensing Corporation

4Licensing Corp. is a licensing company specializing in specialty
brands, technologies and youth-oriented markets.

4Licensing Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Okla. Case No. 16-11714) on Sept. 21,
2016.  The petition was signed by Phil Frohlich, president.  The
case is assigned to Judge Terrence L. Michael.

At the time of the filing, the Debtor disclosed $867,142 in assets
and $2.11 million in liabilities.

Neal Tomlins, Esq., of Tomlins & Peters, PLLC, represents the
Debtor.


ALLIED INJURY: Ch.11 Trustee Taps SulmeyerKupetz as Bankr. Counsel
------------------------------------------------------------------
David M. Goodrich, the Chapter 11 trustee of the bankruptcy estate
of Allied Injury Management, Inc., seeks permission from the United
States Bankruptcy Court for the Central District of California,
Riverside Division, to retain the law firm of SulmeyerKupetz, a law
firm of which he is a member, to act as his general bankruptcy
counsel in the Debtor's case, effective as of December 20, 2016.

The Trustee requires the assistance of the Firm to advise and
represent him in connection with:

     (1) the employment of estate professionals;

     (2) the collection of accounts receivable;

     (3) the negotiation and finalization of any settlement with
creditors;

     (4) the preparation, filing, and confirmation of a Chapter 11
plan of reorganization;

     (5) the analysis of potential claims against third parties,
including potential claims arising under the Trustee's avoidance
powers;

     (6) the analysis of any claim(s) against the Estate;

     (7) the objection to claims as may be appropriate;

     (8) the analysis of and objection to, if appropriate, notices
setting/increasing insider compensation; and

     (9) other bankruptcy law matters which may arise in the course
of the Trustee's administration of the Estate.

The Firm bills its time at hourly rates ranging from $450.00 to
$675.00 per hour for attorneys, and $210.00 to $225.00 per hour for
paraprofessionals, however, at the request of the Trustee, the Firm
has agreed to a 10% reduction of its fees. The Firm will also seek
reimbursement of out-of-pocket expenses incurred in the engagement
with the exception of travel time, which will not be billed.

The Trustee is satisfied that the Firm does not hold or represent
an interest adverse to the Estate, and that the Firm is
disinterested as required by Section 327(a).

The Firm can be reached through:

     Mark S. Horoupian
     SULMEYERKUPETZ
     333 South Hope Street, Thirty-Fifth Floor
     Los Angeles, CA 90071-1406
     Telephone: 213.626.2311
     Facsimile: 213.629.4520
     Email: mhoroupian@sulmeyerlaw.com

                            About Allied Injury

Headquartered in San Bernardino, California, Allied Injury
Management, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. C.D. Cal. Case No. 16-14273) on May 11, 2016, estimating
assets between $10 million and $50 million and debt between $1
million and $10 million. The petition was signed by John R. Larson,
M.D., president.

Judge Mark D. Houle presides over the case.

Alan W Forsley, Esq., and Marc Liberman, Esq., at Fredman Lieberman
Pearl LLP serves as the Debtor's bankruptcy counsel.


ALPHATEC HOLDINGS: Ebun Garner Resigns as Gen. Counsel & Secretary
------------------------------------------------------------------
Ebun S. Garner entered into a resignation and transition agreement
with Alphatec Holdings, Inc., and Alphatec Spine Inc. on Jan. 23,
2017, pursuant to which, Mr. Garner has resigned, effective as of
Feb. 28, 2017, as the Company's and Spine's general counsel, senior
vice president and corporate secretary.

Pursuant to the Agreement, Mr. Garner will remain an employee of
the Company and Spine through Feb. 28, 2017, maintaining his title,
compensation and benefits while continuing to perform the
responsibilities of his role.  Following such date, Mr. Garner will
provide consulting services to the Company and Spine through Dec.
31, 2017.  Mr. Garner will receive a consulting fee of $10,000 per
month.  The payment of the consulting fee shall be conditioned on
Mr. Garner's continued ability to provide such consulting
services.

In connection with Mr. Garner's resignation and in consideration
for his execution of a release agreement in favor of the Company
related to any claims; pursuant to the terms of the release
agreement, following the expiration of the Continuing Employment
Term, Mr. Garner is entitled to receive cash payments of $23,333
per month through Dec. 31, 2017, less applicable withholding
amounts and payable bi-weekly in accordance with the Company’s
payroll practices.  In addition, the Company will pay the cost of
COBRA insurance coverage for Mr. Garner and his eligible family
members through Dec. 31, 2017, including a gross up of taxes for
such payments.  As additional consideration Mr. Garner's
outstanding stock options (other than his December 2016 option
grant) will be converted into non-qualified stock options and
remain exercisable until each such option's respective expiration
date.  The Agreement also contains certain restrictive covenants
and confidentiality provisions, including non-solicitation of
employees and non-disparagement obligations contained in Mr.
Garner's Amended and Restated Employment Agreement.

                   About Alphatec Holdings

Alphatec Holdings, Inc., is a medical technology company focused
on the design, development and promotion of products for the
surgical treatment of spine disorders.  The Company has a
comprehensive product portfolio and pipeline that addresses the
cervical, thoracolumbar and intervertebral regions of the spine and
covers a variety of spinal disorders and surgical procedures.  Its
principal product offerings are focused on the global market for
fusion-based spinal disorder solutions.  The Company believes that
its products and systems are attractive to surgeons and patients
due to enhanced product features and benefits that are designed to
simplify surgical procedures and improve patient outcomes.

Ernst & Young LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has recurring
operating losses and has a working capital deficiency. In addition,
the Company has not complied with certain covenants of loan
agreements with its lenders and has significant debt obligations
due in December 2016.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.

As of Sept. 30, 2016, Alphatec had $96.02 million in total assets,
$134.23 million in total liabilities and a total stockholders'
deficit of $38.21 million.


ALSON ALSTON: Bid to Reinstate Bankruptcy Case Denied
-----------------------------------------------------
Judge Mary D. France of the United States Bankruptcy Court for the
Middle District of Pennsylvania denied Alson Alston's motion to
reinstate his bankruptcy case under Fed. R. Bank. P. 9023 and
L.B.R. 9023-1.

Alston requested the Court to reconsider the order entered December
27, 2016 dismissing his Chapter 11 case.  More precisely, Alston
requested that his case be reinstated and that the Seventh Amended
Disclosure Statement be approved.

The gravamen of Alston's motion requesting that the Court
reconsider dismissal of his case is that the judge did not follow
the proper procedures and did not provide adequate proof to support
dismissal of the case.  Alston also alleged the Court committed
numerous procedural errors and generally failed to afford the
debtor due process.  Alston also argued that the order to show
cause issued by the Court was prejudicial and improper because it
shifted the burden to the debtor to demonstrate that he could
"create a confirmable plan of reorganization."  Alston also argued
that it was improper for the Court to bring a motion to dismiss
under 11 U.S.C. section 1112, as only a creditor or the United
States Trustee are authorized to file a motion under this section.


Judge France held that Alston's arguments for reconsideration are
without merit primarily because he fails to understand the Court's
role in the administration of Chapter 11 cases.  The judge
explained that the Court issued the order to show cause as to why
the case should not be dismissed because Alston had not
demonstrated that he was capable of obtaining approval of a
disclosure statement, let alone confirmation of a plan of
reorganization.  As the judge explained in his December 27 opinion,
during the 28 months Alston was in bankruptcy, he was unable to
prepare a disclosure statement with information adequate to meet
the requirements of 11 U.S.C. section 1125(A)(1).

Judge France, however, amended the December 27, 2016 opinion filed
in support of the dismissal order to clarify that dismissal of the
case is not premised on Alston's failure to obtain pre-petition
credit counseling.

A full-text copy of Judge France's January 18, 2017 opinion is
available at:

        http://bankrupt.com/misc/pamb14-bk-03454-466.pdf  

                       About Alson Alston

Alson Alston -- dba Alston Business Consulting, dba Songhai City,
LLC, dba Songhai Enterprises, LLC, dba Songhai City Entertainment,
LLC, dba Songhai City Real Estate, LLC, dba Encore General
Merchandise LLC, dba Encore General Store, dba Dragon Management
Services, aka Al Alston -- is an individual who purchased various
parcels of commercial or mixed-use (commercial and residential)
real estate as a profit-making venture.  In addition, the Debtor
operated several businesses at several of those Properties.

The Debtor filed a Chapter 11 Petition (Bankr. M.D. Pa. Case No.
14-03454) on July 28, 2014.


AMERICAN RESOURCE: Court Grants Buyer's Bid to Enforce Sale Order
-----------------------------------------------------------------
The United States Bankruptcy Court for the District of New
Hampshire approved a sale of substantially all of the assets of
American Resource Staffing Network, Inc., to Wicked Staffing
Solutions, LLC, on December 15, 2014.  Some 20 months later, the
Buyer filed a motion with the Court seeking to enforce the Sale
Order against National Council on Compensation Insurance, on the
grounds that NCCI has violated the Sale Order's "free and clear"
provisions as NCCI has imputed the Debtor's workers' compensation
experience rating to WSS in setting WSS's workers' compensation
experience rating.  The Buyer filed a supplement to the Motion to
Enforce on September 7, 2016.

NCCI objected to the Motion to Enforce and its supplement on
September 21, 2016, denying that it has violated the Sale Order and
stating that it has simply followed its experience rating plan
manual, which is filed with and approved by state regulators.

The issue before the Court is whether the Sale Order prohibits NCCI
from assigning a workers' compensation experience rating to WSS
based on the Debtor's workers' compensation experience rating when
the sale of the Debtor's assets to WSS was free and clear of "all
liens, claims, interests and encumbrances of any kind and nature."

According to U.S. Bankruptcy Judge Bruce A Harwood, the Debtor's
workers' compensation experience rating is similar enough to the
unemployment tax contribution rating in In re PBBPC, Inc.), 484
B.R. 860 (B.A.P. 1st Cir. 2013), so that it too constitutes an
"interest" within the meaning of Section 363(f) of the Bankruptcy
Code.  Buyers at Section 363 sales should not be burdened (or
benefitted) by a debtor's workers' compensation experience rating
where the sale order makes clear (as the Sale Order did in this
case) that the buyer is an entirely new and separate entity from
the debtor and is only purchasing the debtor's assets free and
clear of all liens, claims, interests and encumbrances of any kind
and nature, Judge Harwood ruled.

Accordingly, the Court concludes that the Debtor's workers'
compensation experience rating cannot be imposed upon WSS as the
purchaser of substantially all of the Debtor's assets through a
Section 363(f) sale because the Debtor's workers' compensation
experience rating is an "interest" of which the Debtor's assets
were sold free and clear in 2014.

For that reason, Judge Harwood granted WSS's Motion to Enforce to
the extent that WSS seeks a determination that the sale to WSS,
pursuant to the Sale Order, was free and clear of the Debtor's
workers' compensation experience rating as that term is defined in
NCCI's Experience Rating Plan.

A full-text copy of Judge Harwood's Memorandum Opinion dated
January 20, 2017, is available at https://is.gd/e9v5op from
Leagle.com.

ARSN Liquidating Corp, Inc., Debtor, represented by Deborah A.
Notinger, Notinger Law, P.L.L.C. & Steven M. Notinger, Notinger
Law, PLLC.

Olga L. Gordon, Trustee, represented by Ashley S. Whyman, Murtha
Cullina LLP.

Office of the U.S. Trustee, U.S. Trustee, represented by Ann Marie
Dirsa, Office of U.S. Trustee & Geraldine Karonis, Office of U.S.
Trustee.

                    About American Resource

American Resource Staffing Network, Inc., and American Resource
Network, Inc., which places hundreds of workers into New England
companies that need temporary help, sought protection under
Chapter 11 of the Bankruptcy Code on July 31, 2014.  The lead case
is In re American Resource Staffing Network, Inc., Case No. 14-
11527 (Bankr. D.N.H.).

The Debtors are represented by Deborah A. Notinger, Esq., at
Cleveland, Waters & Bass, P.A., in Nashua, New Hampshire, and
Steven M. Notinger, Esq., at Cleveland, Waters & Bass, P.A., in
Concord, New Hampshire.


APPROACH RESOURCES: S&P Cuts CCR to 'SD' on $130MM Notes Exchange
-----------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Approach
Resources Inc. to 'SD' from 'CC'.

At the same time, S&P lowered its issue-level rating on the
company's $250 million senior unsecured notes due 2021 to 'D' from
'CC'.  The recovery remains '5', indicating S&P's expectation for
modest (10% to 30%, higher end of the range) recovery in the event
of a default.

The downgrade follows Approach's recent announcement that it has
closed the exchange of $130.5 million principal amount of the
company's senior notes due 2021 for 39.2 million new shares of
common stock.  The company also agreed to offer to exchange the
remaining $99.8 million of the senior notes for common stock.  S&P
views the exchange as distressed because the bonds have been
swapped for a junior equity position and S&P believes the company
faced the possibility of a conventional default absent a debt
restructuring.  S&P expects to review the corporate credit and
issue-level ratings when it assess the likelihood of further debt
exchanges as low.


ARCH COAL: S&P Assigns 'B+' CCR After Bankruptcy
------------------------------------------------
S&P Global Ratings said that it assigned its 'B+' corporate credit
rating to St. Louis, Mo.-based Arch Coal Inc.  The outlook is
positive.

At the same time, S&P assigned its 'B+' issue-level rating to the
company's $326.5 senior secured term loan due in 2021 with a '3'
recovery rating, indicating meaningful recovery (lower half of the
50%-70% range) in the event of a default.

Arch's weak business risk profile reflects the inherent challenges
of coal mining: operating in a cyclical industry with limited
long-term growth prospects, price volatility, weather-related
disruptions, capital intensive operations, labor related
challenges, and increasingly stringent environmental and safety
regulations.  These factors are exacerbated by ongoing competitive
pressure from low-priced natural gas, the recent spike in met coal
prices that continue to search for a sustainable level, and the
uncertainty of an ongoing recovery in domestic coal demand from
recent lows.  Nevertheless, S&P's assessment also takes into
account Arch's position as the second-largest coal producer in the
U.S.; its diverse and long-lived reserve base in the Appalachia,
Powder River Basin (PRB), Illinois Basin, and Western Bituminous
regions; and relatively efficient met coal mines that provide the
option to serve export markets when seaborne prices rise.  

Arch's credit measures are commensurate with an aggressive
financial risk profile, in S&P's view.  This is based on the
expectation that adjusted leverage will settle in the 2x–3x
range. Typically this range would warrant a stronger assessment,
particularly given the possibility for a strengthening credit
profile over the next year, if met coal prices hold to a floor
close to $100 a ton.  Although this provides the basis for the
positive outlook, S&P is also cautious as the company establishes a
post-emergence track record and anticipates some level of
volatility in S&P's forecast.

Under S&P's base-case scenario, it expects the run rate EBITDA to
level off around $390 million.  S&P assumes adjusted leverage of
about 3.7x at the beginning of 2017, settling in the 2x–3x range
over the next 24 months.  Key assumptions for S&P's base case
include:

   -- Total volumes produced increasing to about 100 million tons
      for 2017 and remaining there;
   -- Average realized met coal prices at $100 per ton for 2017
      falling marginally in subsequent years; and
   -- As of the third quarter of 2016, approximately 70% of PRB
      production was committed at an average price of $12.89.  S&P

      assumes an average PRB price for 2017 at about 3% below this

      level.

In S&P's view, Arch's liquidity position is strong with
approximately $400 million in unrestricted cash and equivalents on
the balance sheet anticipated as of the end of 2016.

S&P's liquidity assessment reflects these:

   -- S&P expects sources of liquidity to exceed uses by 1.5x or
      more over the next year;
   -- S&P expects liquidity sources to continue exceeding uses
      even if EBITDA decreases 30%; and
   -- The company has no financial covenants; however
   -- S&P anticipates that Arch will need time to re-establish a
      track record of financial and operational performance to
      bolster its standing in credit markets and strengthen its
      relationships with banks.

Principal liquidity sources:

   -- Approximately $400 million in cash and equivalents
      anticipated at the beginning of 2017; and
   -- Cash flow from operations exceeding $275 million in both
      2017 and 2018.

Principal liquidity uses:

   -- About $60 million in capital spending for 2017; and
   -- Just under $3.5 million in annual debt amortization.

The company also has access to an accounts receivable (AR)
securitization facility of $200 million (fully utilized to support
letters of credit at this time), but S&P do not include this as a
source of liquidity due to its short term nature.

Other modifiers

S&P applied a negative comparable rating adjustment that decreases
the rating by one notch.  The adjustment reflects uncertainty in
2017 associated with ongoing volatility in coal prices and a
shifting demand curve.  These factors contribute to a fluid
competitive landscape, particularly as the largest U.S. coal
producers conclude restructuring efforts.

The positive outlook reflects the possibility of strengthening
credit measures with adjusted leverage falling below 3x and funds
from operations (FFO) to debt above 30% by the end of 2017.  These
results assume that average Appalachian coal prices will remain
somewhat elevated with met realized prices sustained above
$100 per ton.  S&P also holds the capital structure constant, which
as the initial emergence configuration, could very likely change
over the next year.

S&P could revise the outlook to stable if it does not appear that
adjusted leverage will fall and remain below 3x.  This could be the
result of changes in the capital structure or an adverse price or
operating development.

S&P could raise the rating once it has a track record of
post-emergence performance suggesting that adjusted leverage can
stay below 3x and that the company sets this as its target.  This
is especially likely if S&P continues to consider liquidity to be
strong and if price and demand volatility in the coal markets show
signs of abating.


ATOPTECH INC: Hearing on Incentive Packages Set for Feb. 13
-----------------------------------------------------------
ATopTech, Inc., asked the U.S. Bankruptcy Court for the District of
Delaware to approve its proposed key employee retention program and
a key employee incentive program.

A hearing to consider the approval of the incentive packages will
be held on Feb. 13, 2017, at 10:30 a.m.  Objections to the
incentive packages must be filed by Feb. 6, 2017, at 4:00 p.m.
(EST).

Vince Sullivan, writing for Bankruptcy Law360, reports that the
incentive packages total $1.5 million, and are aimed at keeping
critical workers with the Debtor as it pursues a sale of its assets
through the Chapter 11 process.  

The Debtor said in a motion filed with the Court that it wants to
continue the bonus plan it implemented last spring after a $30
million infringement judgment against the Debtor threatened
employee morale.

The Debtor said both incentive packages are necessary to retain and
incentivize critical employees to continue to perform at a
high-level, without distraction, while performing services beyond
the duties required by their positions, in order to maintain and
maximize the going concern value of the Debtor's business pending
the sale of its assets for the benefit to creditors of the
bankruptcy estate.

The KERP is a continuation of a pre-petition bonus plan but with
two modifications: (a) the removal of the five executives who are
now the proposed participants in the KEIP, and (b) an extension of
its terms to apply to another 36 employees, with payments ranging
from $1,333 to $39,000, aggregating to $438,000, to be paid in
April 2017 or otherwise upon a change of control.  With respect to
the Debtor's existing obligations to pay the Bonus Plan Payments
under the Pre-Petition Bonus Plan, the KERP provides for the Debtor
to honor the obligations which, combined with the additions,
aggregates to disbursements of $1,213,000.

Under the Pre-Petition Bonus Plan, the Debtor agreed (a) to pay a
cash bonus ranging from $10,000 to $150,000, to 37 employees, and
aggregating to $2,035,000, in two equal installments in October
2016 and April 2017, or otherwise upon a change of control,
contingent on the continuing employment of each employee at the
time of payment, which agreement was memorialized in letter
agreements to each eligible employee.

Certain of the KERP Participants may hold titles like "manager" or
"director," but they do not take part in the strategic management
of the Debtor.  The KERP Participants do not generally attend
senior management meetings, do not generally participate in board
meetings or board committee meetings, and many of their duties are
limited to particular divisions or regions.  Their respective
scopes of authority are limited, and while their titles reflect
their individual roles and functions, the same titles do not confer
true officer status upon any KERP Participant.

KERP Participants are required to assume greater roles and perform
additional services extending beyond their typical roles, to
address the Debtor's needs relative to the bankruptcy case
generally as well as to the sale of the Debtor's assets.

The KEIP is also a continuation of the Pre-Petition Bonus Plan as
to five eligible Company executives, with the modification that
each must achieve a specified performance objective in order to
receive their respective Bonus Plan Payments.

The five senior executives who comprise the KEIP Participants each
hold critical operational leadership or corporate management
positions within the Debtor.  The KEIP Participants are responsible
for, among other things, essential day-today business functions,
overseeing the development of the Debtor's technology and products,
executing the Debtor's business plan, implementing the operational
goals of the Debtor's Chapter 11 case, assisting the Debtor's
bankruptcy counsel in preparing essential documents, maintaining
relations with employees, vendors and customers, and responding to
requests for diligence by potential purchasers of the Debtor's
assets.  Given their essential roles in the Debtor's business and
their roles and duties assumed during the bankruptcy case which
exceed their preexisting responsibilities, the KEIP Participants
must remain involved and fully engaged in order to drive
performance and results with respect to the bankruptcy case and the
sale of the Debtor's assets.

The performance objectives for each KEIP Participant ensure that
specific tasks are accomplished which the Debtor and the Board have
identified will maintain, if not substantially increase, the value
of the Debtor.

KEIP is a narrowly tailored plan, payable only upon either (a)
completion of the development of software products with specific
identified technical features with respect to three KEIP
Participants, or (b) consummation of a Transaction with respect to
two KEIP Participants, developed after a comprehensive, detailed
analysis by the Debtor, the Board and the Compensation Committee,
designed to incentivize a distinct group of employees who are
invaluable to the Debtor, to achieve a maximum return from any sale
transaction.
   
                         About ATopTech

ATopTech, Inc. -- http://www.atoptech.com/-- is in the business of
IC physical design.  ATopTech claims its technology offers the
fastest time to design closure focused on advanced technology
nodes.  The use of state-of-the-art multi-threading and distributed
processing technologies speeds up the design process, resulting in
unsurpassed project completion times.

The Debtor sought Chapter 11 protection (Bankr. D. Del. Case No.
17-10111(MFW)) on Jan. 13, 2017.  The petition was signed by
Claudia Chen, vice president, finance.  The case is assigned to
Judge Mary F. Walrath.

The Debtor estimated assets and liabilities in the range of $10
million to $50 million.

ATopTech has retained Dorsey & Whitney as bankruptcy counsel and
Cowen and Company as its investment banker.  Wilson Sonsini
Goodrich & Rosati, Professional Corporation, serves as corporate
and transactional counsel to ATopTech.  Grant Thornton serves as
tax counsel; and Arnold & Porter serves as litigation counsel.
Epiq Bankruptcy serves as claims and notice agent.


AYTU BIOSCIENCE: Files Updated Registration Statements with SEC
---------------------------------------------------------------
Aytu Bioscience, Inc., filed with the Securities and Exchange
Commission a post-effective amendment to its Form S-1 registration
statement in connection with a combined prospectus relating to the
Registration Statement on Form S-1 (Registration No. 333-213738),
which was previously declared effective by the Securities and
Exchange Commission on Oct. 27, 2016, and (ii) the Registration
Statement on Form S-1 (Registration No. 333-210144), which was
previously declared effective by the SEC on May 2, 2016.  Pursuant
to Rule 429, the Post-Effective Amendment No. 1 to the October 2016
Registration Statement also constitutes a post-effective amendment
to the May 2016 Registration Statement.  The post-effective
amendment to the May 2016 Registration Statement will become
effective concurrently with the effectiveness of this
Post-Effective Amendment in accordance with Section 8(a) of the
Securities Act.   

The Post-Effective Amendment was filed to update both of the Prior
Registration Statements.  The Post-Effective Amendment concerns
only (i) the exercise of warrants to purchase up to an aggregate of
6,020,245 shares of common stock, par value $0.0001 per share, of
Aytu BioScience, Inc., which transaction was initially registered
under the October 2016 Registration Statement, and (ii) the
exercise of warrants to purchase up to an aggregate of 1,733,322
shares of common stock, which transaction was initially registered
under the May 2016 Registration Statement.

As of Jan. 27, 2017, no further offering will be made of the
October 2016 Warrants or the shares of common stock originally sold
with the October 2016 Warrants under the October 2016 Registration
Statement, or of the May 2016 Warrants or the shares of common
stock initially sold with the May 2016 Warrants under the May 2016
Registration Statement.  The initial offering and sale of such
securities under the October 2016 Registration Statement was
completed on Nov. 2, 2016, and under the May 2016 Registration
Statement was completed on May 6, 2016.

The Post-Effective Amendment relates to the Company's temporary
offer to all holders of the Original Warrants to exercise the
warrants at a reduced exercise price of $0.75 per share of common
stock, pursuant to the terms and subject to the conditions of the
Offer to Amend and Exercise Warrants to Purchase Common Stock,
filed as Exhibit (a)(1)(B) to the Company's Schedule TO filed with
the Securities and Exchange Commission on Jan. 27, 2016.

A full-text copy of the amended prospectus is available at:

                     https://is.gd/CfhOrn

                    About Aytu Bioscience

Aytu BioScience, Inc. (OTCMKTS:AYTU) is a commercial-stage
specialty healthcare company concentrating on developing and
commercializing products with an initial focus on urological
diseases and conditions.  Aytu is currently focused on addressing
significant medical needs in the areas of urological cancers,
hypogonadism, urinary tract infections, male infertility, and
sexual dysfunction.

Aytu Bioscience reported a net loss of $28.18 million for the year
ended June 30, 2016, following a net loss of $7.72 million for the
year ended June 30, 2015.

As of June 30, 2016, Aytu Bioscience had $24.34 million in total
assets, $14.25 million in total liabilities and $10.08 million in
total stockholders' equity.

EKS&H LLLP, in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2016, citing that the Company has suffered recurring
losses from operations and has a net capital deficiency that raises
substantial doubt about the Company's ability to continue as a
going concern.


AYTU BIOSCIENCE: Has Offer to Amend and Exercise Warrants
---------------------------------------------------------
Aytu BioScience, Inc., is offering to holders of (i) outstanding
warrants to purchase 1,733,322 shares of the Company's common stock
issued to investors participating in the Company's financing in May
2016, with an exercise price of $6.00 per share, and (ii)
outstanding warrants to purchase 6,020,245 shares of the Company's
common stock issued to investors participating in the Company's
financing in October 2016, with an exercise price of $1.86 per
share, upon the terms and subject to the conditions set forth
herein, an opportunity to exercise the Original Warrants at a
temporarily reduced exercise price of $0.75 per share of common
stock.  There is no minimum participation requirement with respect
to the Offer to Exercise.

The purpose of the Offer to Exercise is to encourage the exercise
of the Original Warrants by temporarily reducing the exercise
price, which will provide funds to the Company for working capital
and for general corporate purposes and will help reduce the number
of outstanding warrants.

The Company has approved an amendment to each of the warrant
agreements that govern the Original Warrants to temporarily reduce
the exercise price of the Original Warrants to $0.75 per share for
the period that begins on Jan. 27, 2017, which is the date the
materials relating to this Offer to Exercise are first sent to the
holders of the Original Warrants, and ends on the expiration date
of the Offer to Exercise at 11:59 p.m. (Eastern Time) on the
evening of Feb. 27, 2017, as may be extended by the Company in its
sole discretion.  Other than set forth above, the terms of the
Original Warrants will remain unmodified and in full force and
effect.

The Offer to Exercise is conditioned on the Company having in place
an effective registration statement under the Securities Act of
1933, as amended, for the purpose of registering the exercise of
the Original Warrants at the reduced cash exercise price of $0.75
per share and the shares issuable upon such exercise having been
registered or qualified or deemed to be exempt from registration
under the securities laws of the state of residence of the holder
of the warrant.  The Company has filed with the Securities and
Exchange Commission, a Post-Effective Amendment on Form S-1 to the
existing Registration Statements on Form S-1 (File Nos. 333-210144
and 333-213738) covering the exercise of the Original Warrants at
$0.75 per share. The Post-Effective Amendment reflects the terms of
the Original Warrants as amended by this Offer to Exercise.  The
Company will not complete the Offer to Exercise unless and until
the Post-Effective Amendment is declared effective by the SEC.  If
there is a delay in the Post-Effective Amendment becoming
effective, the Company may, in its discretion, extend, terminate or
withdraw the Offer to Exercise.

A full-text copy of the Tender Offer Statement is available for
free at
https://is.gd/WxJOc9

                   About Aytu Bioscience

Aytu BioScience, Inc. (OTCMKTS:AYTU) is a commercial-stage
specialty healthcare company concentrating on developing and
commercializing products with an initial focus on urological
diseases and conditions.  Aytu is currently focused on addressing
significant medical needs in the areas of urological cancers,
hypogonadism, urinary tract infections, male infertility, and
sexual dysfunction.

Aytu Bioscience reported a net loss of $28.18 million for the year
ended June 30, 2016, following a net loss of $7.72 million for the
year ended June 30, 2015.

EKS&H LLLP, in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2016, citing that the Company has suffered recurring
losses from operations and has a net capital deficiency that raises
substantial doubt about the Company's ability to continue as a
going concern.

As of Sept. 30, 2016, Aytu had $20.20 million in total assets,
$13.01 million in total liabilities and $7.18 million in total
stockholders' equity.


BEN HOGAN GOLF: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Ben Hogan Golf Equipment Company, LLC
        8936 Oak Grove Road
        Fort Worth, TX 76140-5124

Case No.: 17-40301

Chapter 11 Petition Date: January 28, 2017

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Mark X. Mullin

Debtor's Counsel: Joshua N. Eppich, Esq.
                  BONDS ELLIS EPPICH SCHAFER JONES
                  420 Throckmorton St., Suite 1000
                  Fort Worth, TX 76102
                  Tel: 817-405-6905
                  Fax: 817-405-6902
                  E-mail: Joshua@BondsEllis.com

                     - and -

                  John Y. Bonds, Esq.
                  BONDS ELLIS EPPICH SCHAFER JONES LLP
                  420 Throckmorton Street, Suite 1000
                  Fort Worth, TX 76120
                  Tel: 817-405-6900
                  E-mail: John@BondsEllis.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Scott White, chief executive officer.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/txnb17-40301.pdf


BENNIGAN'S SADDLEBROOK: Voluntary Chapter 11 Case Summary
---------------------------------------------------------
Debtor: Bennigan's Saddlebrook, LLC
        29 Bloomfield Avenue
        Iselin, NJ 08830

Case No.: 17-11641

Chapter 11 Petition Date: January 28, 2017

Court: United States Bankruptcy Court
       District of New Jersey (Trenton)

Judge: Hon. Christine M. Gravelle

Debtor's Counsel: Michael A. King, Esq.
                  LAW OFFICE OF MICHAEL A KING
                  20 Vermeer Drive, STE #12
                  South Amboy, NJ 08879
                  Tel: (646) 284-6746
                  E-mail: romeo1860@aol.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Suketu Shah, managing member.

The Debtor did not include a list of its largest unsecured
creditors when it filed the petition.

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

           http://bankrupt.com/misc/njb17-11641.pdf


BIOSCRIP INC: Appoints Home Solutions Designee as Director
----------------------------------------------------------
The Board of Directors of BioScrip, Inc., appointed Steven Neumann
to serve as a member of the Board, effective Jan. 20, 2017.  The
Board has yet to determine the Board committees on which Mr.
Neumann is expected to serve.  

Mr. Neumann was designated by HS Infusion Holdings, Inc. ("Home
Solutions") as a director pursuant to the terms of the Asset
Purchase Agreement, dated June 11, 2016, by and among Home
Solutions, a Delaware corporation, certain subsidiaries of Home
Solutions, the Company and HomeChoice Partners, Inc., a Delaware
corporation.

There are no related party transactions between the Company and Mr.
Neumann.  In connection with his service as a director, Mr. Neumann
will receive the Company's standard non-employee director
compensation.  Cash compensation for Mr. Neumann, to be paid pro
rata, consists of an annual retainer of $55,000, plus an additional
$5,000 annual retainer for each committee on which he may serve,
with per meeting fees payable after a certain number of Board or
committee meetings per year.  Equity compensation for the Company's
directors will be determined by the Board in its discretion each
year.  It is anticipated that all cash and non-cash compensation
Mr. Neumann is entitled to receive in connection with his service
on the Board will be paid directly to KRG Capital Management LP, of
which Mr. Neumann is a limited partner, pursuant to the terms of
its partnership agreement.  On Jan. 20, 2017, Mr. Neumann entered
into an indemnification agreement with the Company.

                        About Bioscrip

Headquartered in Denver, Colo., BioScrip, Inc., is a national
provider of home infusion services.  The company's clinical
management programs and services provide access to prescription
medications for patients with chronic and acute healthcare
conditions, including gastrointestinal abnormalities, infectious
diseases, cancer, pain management, multiple sclerosis, organ
transplants, bleeding disorders, rheumatoid arthritis, immune
deficiencies and heart failure.

As of Sept. 30, 2016, Bioscrip had $595.40 million in total assets,
$550.05 million in total liabilities, $2.38 million in series A
convertible preferred stock, $67.24 million in series C convertible
preferred stock and a total stockholders' deficit of $24.28
million.

Bioscrip reported a net loss attributable to common stockholders of
$309.51 million in 2015, a net loss attributable to common
stockholders of $147.7 million in 2014, and a net loss attributable
to common stockholders of $69.65 million in 2013.

                          *    *    *

In November 2016, S&P Global Ratings lowered its corporate credit
rating on home infusion services provider BioScrip Inc. to 'CCC'
from 'CCC+' and revised the outlook to developing from stable.
"The downgrade reflects our belief that the company could face a
liquidity event within 12 months if it is unable to rapidly improve
profitability; moreover, given the company's lowered guidance, its
meaningful EBITDA shortfall in the third quarter, and its pattern
of falling short of its expectations, our confidence in the
company's ability to execute on its cost-cutting and other
strategic initiatives is limited," said credit analyst Elan Nat.

In March 2016, Moody's Investors Service downgraded BioScrip's
Corporate Family Rating to 'Caa2' from 'Caa1' and Probability of
Default Rating to 'Caa2-PD' from 'Caa1-PD'.


BOULEVARD ENTERTAINMENT: Court Dismisses Chapter 11 Case
--------------------------------------------------------
The Hon. Helen E. Burris of the U.S. Bankruptcy Court for the
District of South Carolina has dismissed the Chapter 11 case of
Boulevard Entertainment Greenville, LLC.

On Dec. 13, 2016, the U.S. Trustee sought the dismissal of this
case due to: (a) gross mismanagement of the estate; (b) failure to
timely pay taxes owed after the date of the order for relief or to
file tax returns due after the date of the order for relief; and
(c) failure to pay any fees or charges required under Chapter 123
of title 28.  The failed to respond until Jan. 16, 2017.

On Sept. 2, 2016, the U.S. Trustee filed a motion requesting a
status conference citing errors in the Debtor's monthly operating
report and to address the Debtor's failure to procure adequate
insurance.  As a result of the Sept. 13, 2016 status conference,
the Court entered an order stating that the Debtor still did not
have the noted insurances but agreed to obtain insurance on its
personal property by Sept. 23, 2016, and to update the U.S. Trustee
on the status of its efforts to obtain workers compensation and
dram shop insurances by Sept. 23, 2016, and Oct. 15, 2016,
respectively.  Several weeks after the deadlines passed, the
Debtor's counsel provided the U.S. Trustee notice that the Debtor
had obtained content insurance and liability insurance, but it is
financing the insurance premiums.  

Judge Burris pointed out that the Debtor has been unable to obtain
workers compensation insurance.  The Debtor failed to timely pay
the U.S. Trustee's quarterly fee due on Oct. 31, 2016, as well as
its post-petition taxes, the judge added.  A review of the Debtor's
October monthly report indicates it failed to pay rent, numerous
payroll checks had not been cashed by employees, and there were
insufficient funds to pay all employees if the checks were cashed,
the judge said.  The report failed to disclose whether the Debtor
was current on its quarterly fees, whether it had paid its
insurance premiums for the month, and whether it had paid any
pre-petition bills post-petition, the judge further noted.  A
review of a filed tax claim indicates the Debtor is delinquent in
filing pre-petition tax returns, the judge added.

According to Judge Burris, overall, Boulevard has not shown unusual
circumstances from which the Court could find it established that
dismissal is not in the best interests of creditors.

Boulevard also has not satisfied the additional requirements set
forth Section 1112(b)(2)(A) and (B) of the Bankruptcy Code as
Boulevard failed to provide any credible evidence of a reasonable
likelihood that a plan will be confirmed within a reasonable period
of time.  Although Boulevard is not yet required to file a plan and
disclosure statement, it failed to provide any credible evidence of
sufficient business volume to prevent additional significant
operating losses in the coming months or any future business plan
that would be essential for Boulevard to reorganize, the judge
said.

The Court also finds Boulevard failed to demonstrate a reasonable
justification for the acts or omissions the UST alleges constitute
cause to dismiss this case under Section 1112(b)(4).  There is no
reasonable justification for the significant overdraft charges and
insufficient funds fees incurred by Boulevard, or its failure to
properly complete its monthly reports, the judge said.  Boulevard
also failed to provide any reasonable justification for the
substantial operating losses it has incurred since the petition
date, the judge added.  The only reason the Court can surmise from
the record for Boulevard's failure to timely pay its post-petition
obligations, including taxes and the UST's quarterly fees, is
simply because Boulevard is not generating enough revenue to cover
its basic costs, the judge said.  Based on the evidence presented
at the hearing, Boulevard failed to convince the Court that its
continued operations will not result in greater operating losses to
the detriment of its creditors, the judge concluded.  The Court
finds that no argument set forth by Boulevard was sufficient to
overcome the cause dismissal pursuant to Section 1112(b)(1)
established by the UST.

A full-text copy of Judge Burris' Order dated January 24, 2017, is
available at https://is.gd/AjLJxW from Leagle.com.

Linda Barr appeared at the hearing for the U.S. Trustee.

Robert Cooper, Esq., represented Debtor Boulevard Entertainment
Greenville, LLC.

                  About Boulevard Entertainment

Boulevard Entertainment Greenville, LLC, operates as a jazz club
and restaurant in Greenville, South Carolina.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.S.C. Case No. 16-03313) on July 1, 2016.  The Debtor
is represented by Robert H. Cooper, Esq., at The Cooper Law Firm.
The Debtor employed Demetra Gregory-McKie as a bookkeeper and
preparer of monthly operating reports for the debtor-in-possession.


C&D COAL: Committee to Hire Whiteford, Taylor & Preston as Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of C&D Coal Company,
LLC, seeks authority from the United States Bankruptcy Court for
the Western District of Pennsylvania, to retain Whiteford, Taylor &
Preston, LLC as counsel, nunc pro tunc to January 17, 2017.

Professionals services WTP will render are:

     a. advising the Committee of its powers and duties under
section 1103 of the Bankruptcy Code;

     b. taking actions necessary to preserve, protect and maximize
the value of the Debtor's bankruptcy estate for the benefit of
general unsecured creditors, including, without limitation,
investigating the actions and business of the Debtor, reviewing of
Debtor's schedules, statement of financial affairs and other
documents and information demonstrating or evidencing assets,
liabilities and potential sources of recovery for general unsecured
creditors;

     c. reviewing of pleadings and documents filed by the Debtor
and providing counsel
in relation thereto;

     d. preparing, filing, and serving motions, answers, pleadings
and other documents
necessary to preserve and enhance value for general unsecured
creditors;

     e. representing the interests of the Committee in any sale
process or chapter 11 plan process, as may be necessary or in the
best interests of general unsecured
creditors;

     f. representing the Committee in connection with the Debtor's
effort to secure post-petition financing, if applicable;

     g. appearing before this Court, any appellate court and any
other court of competent jurisdiction as is necessary to advance
the interests of general unsecured creditors; and

     h. provide all other legal services necessary to, or requested
by, the Committee in
this case.

The proposed rates of compensation are discounted from the
customary hourly rates presently in effect. The current hourly
rates of the WTP professionals anticipated to be primarily staffed
on this case range from $290 per hour to $490 per hour.

WTP shall apply for compensation for professional services rendered
and reimbursement of expenses incurred in connection with the
Committee's retention of WTP in compliance with sections 330 and
331 of the Bankruptcy Code and applicable provisions of the
Bankruptcy Rules, Local Rules, any other applicable procedures and
orders of the Court and the fee guidelines established by the
Executive Office of the United States Trustee.

Michael J. Roeschenthaler, partner of the law firm of Whiteford,
Taylor & Preston, LLC, attests that WTP is a "disinterested person"
as that term is defined in section 101(14) of the Bankruptcy Code.

The Firm can be reached through:

     Michael J. Roeschenthaler, Esq.
     Kelly E. McCauley, Esq.
     WHITEFORD, TAYLOR & PRESTON, LLC
     200 First Avenue, Third Floor
     Pittsburgh, PA 15222
     Telephone: (412) 618-5602
     Facsimile: (412) 618-5597
     Email: mroeschenthaler@wtplaw.com

                                About Derry Coal

C&D Coal Company, LLC, and Derry Coal Company, LLC, both based in
Derry, PA, filed a Chapter 11 petition (Bankr. W.D Pa. Case Nos.
16-24726 and 16-24727) on Dec. 22, 2016.  The Hon. Gregory L.
Taddonio presides over the case for Case No. 16-24726; the Hon.
Thomas P. Agresti for 16-24727. Robert O Lampl, Esq., at Robert O.
Lampl, Attorney at Law, to serve as bankruptcy counsel for both
Debtors' cases.

The petitions was signed by Jimmy Edward Cooper, managing member.

C&D Coal Company listed $10 million to $50 million in both assets
and liabilities.  Derry Coal listed $1 million to $10 million in
both assets and liabilities.


CENTRAL IOWA: PCO Files 1st Interim Report
------------------------------------------
Susan N. Goodman, RN JD, the Patient Care Ombudsman for Central
Iowa Healthcare, files a first Interim Report on January 24, 2017.

The Debtor is a main hospital campus located downtown and, not
unlike many facilities, consists of a series buildings built
together over the time as the hospital footprint grew and changed.
The layout consisted of a basement and four floors, with the third
and fourth floors largely dedicated to offices, shared services
(typically support departments such as quality, utilization review,
etc.) and home and community based services departments.

The PCO is comfortable with a 60-day report cycle with interim
phone and document follow-up so long as key clinical leadership and
quality staff remain in place. Because of the level of pre-filing
bankruptcy fatigue, the PCO will also closely watch staff/clinician
departures, adjusting her visit schedule as needed if concerns
arise.

Based on the Report, remote data sharing and discussion have
already begun and are working well. Should a second visit be
necessary before the closure of the sale, the PCO will ensure
follow-up with home care leadership, IT, and HR as those
departments were minimally included in the PCO's initial site visit
effort.

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

          http://bankrupt.com/misc/iasb16-02438-197.pdf

                 About Central Iowa Healthcare

Central Iowa Healthcare, formerly doing business as Marshalltown
Medical Surgical Center, is a not-for-profit corporation formed
under the laws of the State of Iowa, and is tax exempt pursuant to
section 501(c)(3) of the Internal Revenue Code. It is governed by a
14-member Board of Trustees of which two members serve on an
ex-officio basis.  

CIH operates a community hospital in Marshalltown, Iowa, which is
located between Des Moines and Cedar Rapids.  Its 49-bed, acute
care facility is the only full-service medical center in the area.

CIH is the sixth largest employer in Marshalltown.  According to
U.S. Census 2015 data, Marshalltown's population is estimated at
27,620 and a median income of $50,396.

Declining revenues over the past several years have placed a
considerable financial strain on CIH and led to uncertainty about
the hospital's ability to continue as a going concern.

CIH sought Chapter 11 protection (Bankr. S.D. Iowa Case No.
16-02438) on Dec. 20, 2016.  The petition was signed by Dawnett
Willis, acting CEO.  The Debtor disclosed $81.91 million total
assets and $20.02 million total liabilities.

The case is assigned to Judge Anita L. Shodeen.  The Debtor hired
Bradshaw,Fowler, Proctor & Fairgrave, P.C. as its legal counsel,
and Alvarez & Marsal Healthcare Industry Group, LLC as its
financial advisor.

The U.S. Trustee for the Southern appointed Susan N. Goodman as the
patient care ombudsman for CIH.

On December 28, 2016, the U.S. Trustee appointed an official
committee of unsecured creditors.


CHC GROUP: Notifies of Cayman Provisional Liquidation Appointment
-----------------------------------------------------------------
BankruptcyData.com reported that CHC Group filed with the U.S.
Bankruptcy Court a notice of appointment of a provisional
liquidator.  The notice states, "The commencement of the
provisional liquidation is made pursuant to an Order in the U.S.
Bankruptcy Court, Northern District of Texas, on 4 Jan. 2017,
authorizing certain creditors to commence ancillary proceedings in
the Cayman Islands and seek any other appropriate relief from the
Cayman Court that the Debtors deem just and proper in furtherance
of the reorganization of the Debtors' estates. [A] hearing has been
listed before the Grand Court of the Cayman Islands for 8 February
2017 for the purpose of considering an application by the Company
for a validation order pursuant to section 99 of the Companies Law
(2016 Revision) (the 'Validation Application'), in relation to
transactions proposed to give effect to the Debtors' restructuring
plan in the chapter 11 proceedings.  The joint provisional
liquidators will provide the Court with an independent assessment
of the impact of the proposed transactions on the Company's
creditors, and the JPLs will indicate their support, or otherwise,
for the Validation Application."

                       About CHC Group Ltd.

Headquartered in Irving, Texas, CHC Group Ltd. (OTC PINK: HELIQ) is
a global commercial helicopter services company primarily servicing
the offshore oil and gas industry.  CHC maintains bases on six
continents with major operations in the North Sea, Brazil,
Australia, and several locations across Africa, Eastern Europe, and
South East Asia.  CHC maintains a fleet of 230 medium and heavy
helicopters, 67 of which are owned by it and the remainder are
leased from various third-party lessors.

CHC Group Ltd. and 42 of its wholly-owned subsidiaries each filed a
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Tex. Case No. 16-31854) on May 5, 2016.

The Debtors hired Weil, Gotshal & Manges LLP as counsel, Debevoise
& Plimpton LLP as special aircraft counsel, PJT Partners LP as
investment banker, Seabury Corporate Advisors LLC as financial
advisor, CDG Group, LLC, as restructuring advisor, and Kurtzman
Carson Consultants LLC as claims and noticing agent.

The Office of the U.S. Trustee on May 13, 2016, appointed five
creditors of CHC Group Ltd. to serve on the official committee of
unsecured creditors.

The Creditors Committee's attorneys are Marcus A. Helt, Esq., and
Mark C. Moore, at Gardere Wynne Sewell LLP, and Douglas H. Mannal,
Esq., Gregory A. Horowitz, Esq., and Anupama Yerramalli, Esq., at
Kramer Levin Naftalis & Frankel LLP.

Angelo, Gordon & Co. and Cross Ocean Partners, which either hold
claims or manage funds and accounts that hold claims against the
Debtors' estates arising on account of the 9.25% Senior Secured
Notes due 2020 issued under the Indenture, dated as of Oct. 4,
2010, by and among CHC Helicopter S.A., as issuer, each of the
guarantors named therein, HSBC Corporate Trustee Company (UK)
Limited, as collateral agent, and the Bank of New York Mellon, as
indenture trustee, are represented by Jones Day.


COMMUNITY HOME: Court Won't Reconsider Immediate Payment Opinion
----------------------------------------------------------------
Judge Edward Ellington of the United States Bankruptcy Court for
the Southern District of Mississippi denied the Edwards Family
Partnership, LP and Beher Holdings Trust's motion to reconsider the
order granting a motion for an order directing immediate, interim
payments of fees in second and third fee applications in an amount
not less than amounts not objected to on a line-item basis.

On November 22, 2016, Jones Walker, LLP (JW), as attorney for
Kristina M. Johnson, Trustee of the Estate of Community Home
Financial Services, Inc., filed a Motion for Order Directing
Immediate, Interim Payment of Fees in Second and Third Fee
Applications in an Amount Not Less Than Amounts Not Objected to on
a Line-Item Basis.  In its motion, JW stated that by its
calculations, Edwards Family Partnership, LP and Beher Holdings
Trust (collectively, Edwards) have not objected to $628,037.00 in
legal fees requested by JW.  Therefore, JW requested that the Court
direct immediate payment (by December 31, 2016) on an interim basis
the $628,037.00 to which Edwards has not objected out of the
$2,631,930.982 the Trustee asserts are unencumbered funds.

On November 30, 2016, Edwards filed its objection to JW's motion.
In its objection, Edwards contended that:

     (1) the Court has already ruled that the "Trustee cannot
         automatically use any of the money she has on hand to
         pay any fees";

     (2) that the only funds the Trustee has on hand which are
         not subject to Edwards' claimed security interest totals  

         only $279,559.49; and

     (3) that the motion should be denied and the case converted
         to a Chapter 7.

On December 16, 2016, the Court entered its memorandum opinion and
order awarding JW interim compensation pursuant to 11 U.S.C.
section 330 and section 3314 in the amount of $628,037.00.  This
amount represents the legal fees requested by JW in its fee
applications to which Edwards has not objected.  The Court found
that at that point in time, $2,644,430.98 were unencumbered funds.
The Court allowed the Trustee to immediately pay JW on an interim
bases $628,037.00 out of the unencumbered funds.

Edwards moved for reconsideration on the Court's immediate payment
order on December 30, 2016.  In its motion, Edwards requested that
the Court reconsider its award of interim compensation to JW in the
amount of $628,037.00.  Basically, Edwards argued that the
Trustee's testimony at trial as to the source of the unencumbered
funds is in contradiction to her prior representations to the
Court.  Edwards contended that the funds are Edwards' collateral
and that the Court surcharged Edwards' collateral in violation of
section 506(c).

Judge Ellington held that neither the Federal Rules of Civil
Procedure nor the Federal Rules of Bankruptcy Procedure provided
for a motion for reconsideration.  The judge, instead, treated the
motion as a motion to alter or amend under Rule 59(e) because it
was filed within 14 days of the entry of the immediate payment
opinion.

Judge Ellington found that Edwards' motion reveals no basis for the
Court to alter or amend its immediate payment opinion.  The judge
pointed out that all three grounds asserted by Edwards as a basis
for the Court to alter or amend its immediate payment opinion could
have and should have been made before the immediate payment opinion
was entered.  The judge also found that the motion also does not
demonstrate that the Court made a manifest error of law or fact as
contemplated by Rule 59(e).  Consequently, Judge Ellington found
that the motion should be denied.

A full-text copy of Judge Ellington's January 18, 2017 memorandum
opinion is available at:

      http://bankrupt.com/misc/mssb12-01703-ee-1585.pdf

Kristina M. Johnson, Trustee, represented by Laura F. Ashley, Jones
Walker LLP, Jeffrey Ryan Barber, Stephanie Bentley McLarty, Jones
Walker LLP, Mark Alan Mintz, Jones Walker LLP, John D. Moore &
Melanie T. Vardaman, Law Offices of John D. Moore, P.A..

United States Trustee, U.S. Trustee, represented by Ronald H.
McAlpin, UST, Margaret O. Middleton, US Trustee's Office,
Christopher J. Steiskal, Sr., United States Trustee & Sammye Sue
Tharp, Office of the United States Trustee.

                About Community Home Financial

Community Home Financial Services, Inc., filed a Chapter 11
petition (Bankr. S.D. Miss. Case No. 12-01703) on May 23, 2012.
The petition was signed by William D. Dickson, president.

Community Home Financial is a specialty finance company located in
Jackson, Mississippi, providing contractors with financing for
their customers.  CHFS operates from one central location providing
financing through its dealer network throughout 25 states, Alabama,
Delaware, and Tennessee.  The Debtor scheduled $44.9 million in
total assets and $30.3 million in total liabilities.  Judge Edward
Ellington presides over the case.

The Debtor was first represented by Roy H. Liddell, Esq., and
Jonathan Bissette, Esq., at Wells, Marble, & Hurst, PPLC as
Chapter 11 counsel.  Wells Marble was terminated Nov. 13, 2013.

The Debtor is now being represented by Derek A. Henderson, Esq., in
Jackson, Miss.  In 2013, the Debtor sought to employ David Mullin,
Esq., at Mullin Hoard & Brown LLP, as special counsel.

On Jan. 9, 2014, Kristina M. Johnson was appointed as Chapter 11
Trustee for the Debtor.  Jones Walker LLP serves as counsel to the
Chapter 11 trustee, while Stephen Smith, C.P.A., acts as
accountant.  


COMMUNITY TRANSLATOR: Asks Court to Approve Plan Outline
--------------------------------------------------------
Community Translator Network, LLC, filed with the U.S. Bankruptcy
Court for the District of Utah a motion for court order approving
the Debtor's disclosure statement.

The Debtor requests that any objections or proposed modifications
to the Plan be filed by 4:00 p.m. Mountain Time on March 31, 2017.

Given the procedural difficulties that have arisen in this case
that have previously been presented to the Court, the Debtor is
filing a separate motion to obtain an extension of time to Obtain
to obtain confirmation of its plan.  The Debtor will request that
the Court establish a date on or before April 28, 2017, as the date
for the hearing on the confirmation of the Plan.

The Debtor proposes that, in order to be counted as votes to accept
or reject the Plan, all ballots must be properly executed,
completed, and delivered to the Debtor by mail no later than 4:00
p.m. Mountain Time on March 31, 2017.

Pursuant to the Plan, there is one class, and its members are
entitled to vote.  The Debtor proposes that only these class
members be entitled to vote on the Plan: (a) the holders of filed
proofs of claim as reflected, as of the close of business on the
Record Holder Date, on the official Claims Register maintained by
the Clerk of the Court, that have not been objected to or that have
been allowed by the Court as of the Record Holder Date, and (b) the
holders of scheduled claims that are listed in the Debtor's
schedules.  The Debtor believes these two groups constitute the
entire creditor matrix other than government entities receiving
notice.

As reported by the Troubled Company Reporter on Jan. 5, 2017, the
Debtor filed a disclosure statement with the Court a disclosure
statement referring to the Debtor's fourth amended plan of
reorganization filed on Jan. 2, 2017.  Under the Plan, Class 1
General Unsecured Claims is impaired and will be paid the full,
liquidated amounts established by the Court 45 days after the last
PMCC construction permit is sold or 45 days after the Court
liquidates all claims, whichever is later.  Prepetition debts will
be paid on a pro rata basis to all holders of prepetition debt.
Payments will be made from the proceeds of the sales of the CP's.

                   About Community Translator

Community Translator Network LLC is a limited liability company
registered in Utah on Jan. 26, 2006.  The Debtor's principal source
of revenue and profits is from the purchase, development, and sale
of FM Broadcast Translator Stations authorized by the Federal
Communications Commission, or the permits and licenses to construct
or operate FM translator stations.  The Debtor may operate
translator stations that it develops or owns for a period of time,
but it does not generate significant revenue or profit from
operating FM translator stations.  

The Debtor sought Chapter 11 protection (Bankr. D. Utah Case No.
15-31245) on Dec. 1, 2015, estimating less than $100,000 in assets
and less than $50,000 in debt.  John Christian Barlow, Esq., at Law
Office of John Christian Barlow, serves as counsel to the Debtor.
The Debtor also hired Knute Rife, Esq., at the Rife Law Office as
counsel.


CRYOPORT INC: May Offer $50 Million Worth of Securities
-------------------------------------------------------
Cryoport, Inc., filed a Form S-3 registration statement with the
Securities and Exchange Commission relating to the sale from time
to time, in one or more series or issuances and on terms that the
Company will determine at the time of the offering, any combination
of common stock, preferred stock, warrants, units and subscription
rights of up to an aggregate amount of $50,000,000.

At no time will the Company issue shares of common stock (whether
upon conversion or exercise of warrants, preferred stock, units or
subscription rights) in a transaction other than a public offering
if such transaction would result in the issuance of more than
19.999% of the amount of common stock of the Company issued and
outstanding for less than the greater of book or market value of
the common stock unless (i) the Company's stockholders have
approved the issuance of shares of common stock in excess of 20%,
or (ii) NASDAQ has provided a waiver of Listing Rule 5635(d).

These securities may be offered and sold in the same offering or in
separate offerings; to or through underwriters, dealers, and
agents; or directly to purchasers.  The names of any underwriters,
dealers, or agents involved in the sale of the Company's
securities, their compensation and any over-allotment options held
by them will be described in the applicable prospectus supplement.

The Company's common stock and certain warrants are listed on The
NASDAQ Capital Market under the symbols "CYRX" and "CYRXW",
respectively.   The Company will provide information in any
applicable prospectus supplement regarding any listing of
securities other than shares of its common stock and those warrants
on any securities exchange.

A full-text copy of the Form S-3 prospectus is available at:

                       https://is.gd/cyXFxO

                          About Cryoport

Lake Forest, Calif.-based CryoPort, Inc. (OTC BB: CYRX) provides
comprehensive solutions for frozen cold chain logistics, primarily
in the life science industries.  Its solutions afford new and
reliable alternatives to currently existing products and services
utilized for bio-pharmaceuticals and biologics, including in-vitro
fertilization, cell lines, vaccines, tissue and other commodities
requiring a reliable frozen solution.

Cryoport reported a net loss attributable to common stockholders of
$15.05 million on $5.88 million of revenues for the year ended
March 31, 2016, compared to a net loss attributable to common
stockholders of $12.2 million on $3.93 million of revenues for the
year ended March 31, 2015.

As of Sept. 30, 2016, Cryoport had $5.99 million in total assets,
$2.29 million in total liabilities and $3.69 million in total
stockholders' equity.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2016, citing that
the Company has recurring operating losses from inception and has
used substantial amounts of working capital in its operations.
Although the Company has cash and cash equivalents of $2.8 million
at March 31, 2016, management has estimated that cash on hand will
only be sufficient to allow the Company to continue its operations
through the third quarter of fiscal 2017.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


DAKOTA PLAINS: Court Enters Final Approval on DIP Financing
-----------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court issued a
final order approving Dakota Plains Holdings' D.I.P. financing
motion.  As previously reported, "SunTrust Bank, in its capacity as
administrative agent, and several banks and other financial
institutions and lenders from time to time are the lenders. By this
Motion, the Debtors seek the following relief: the Court's
authorization, for Dakota Plains Transloading, Dakota Plains Sand,
and Dakota Plains Marketing (the 'DIP Borrowers') to enter into a
senior secured superpriority postpetition credit facility (the 'DIP
Facility'), and postpetition lender, pursuant to the Postpetition
Revolving Credit Agreement, the Interim DIP Order, the Final DIP
Order and all other agreements, documents and instruments delivered
or executed in connection therewith, including the DIP Budget, and
the DIP Borrowers to obtain extensions of credit thereunder on a
senior secured and superpriority basis, (a) during the period (the
'Interim Period') from the date hereof through and including the
earlier to occur of (1) the date of entry of the Final DIP Order by
this Court and (2) the Termination Date, in an aggregate principal
amount not to exceed $500,000, and (b) upon entry of the Final DIP
Order and thereafter until the Termination Date, in an aggregate
principal amount not to exceed $2,000,000, in each case at any time
outstanding, the 'DIP Extensions of Credit', and (c) for Dakota
Plains Holdings, DPTS Marketing, Dakota Petroleum Transport
Solutions, and DPTS Sand, to jointly and severally guarantee on a
secured basis the Debtors' obligations in respect of the DIP
Facility."

                   About Dakota Plains Holdings

Dakota Plains Holdings, Inc. (NYSE MKT: DAKP) --
http://www.dakotaplains.com/-- is an energy company operating the
Pioneer Terminal transloading facility.  The Pioneer Terminal is
centrally located in Mountrail County, North Dakota, for Bakken and
Three Forks related Energy & Production activity.

Dakota Plains Holding and six of its wholly owned subsidiaries
filed voluntary Chapter 11 petitions (Bankr. D. Minn. Lead Case No.
16-43711) on Dec. 20, 2016, initiating a process intended to
preserve value and accommodate an eventual going-concern sale of
Dakota Plains' business operations. The petitions were signed by
Marty Beskow, CFO.  The cases are assigned to Judge Michael E.
Ridgway.

At the time of the filing, Dakota Plains Holdings disclosed $3.08
million in assets and $75.38 million in liabilities.

Baker & Hostetler LLP has been tapped as the Debtors' legal
counsel.  Ravich Meyer Kirkman McGrath Nauman & Tansey, A
Professional Association serves as co-counsel. Canaccord Genuity
Inc. serves as the Debtors' financial advisor and investment
banker.

The U.S. Trustee has been unable to appoint an official unsecured
creditors committee.


DATA SYSTEMS: President's Bid to Restrict Stock Transfer Denied
---------------------------------------------------------------
On February 11, 2016, Data Systems, Inc., filed a petition for
bankruptcy under Chapter 11 of the Bankruptcy Act.  On December 7,
2016, the U.S. Bankruptcy Court for the District of Oregon entered
an Order confirming the First Amended Plan of Organization proposed
by Amy Mitchell, who is the duly-appointed Chapter 11 Trustee.

William F. Holdner is the debtor's President and a director.  He
also owns approximately 22% of the debtor's stock.

On December 20, 2016, Mr. Holdner appealed the Bankruptcy Court's
December 7, 2016 Confirmation Order to the United States District
Court for the District of Oregon.  Briefing on the appeal is
ongoing.  On December 23, 2016, Mr. Holdner filed a motion entitled
"Motion for Restriction on the Acquisition and/or Transfer of Data
System, Inc. Stock."  On January 3, 2017, he filed another motion,
this one entitled "Motion for Expedited Hearing and/or Stay."  U.S.
District Judge Marco A. Hernandez ordered expedited briefing on the
two motions.  Having considered Mr. Holdner's motions, the
responses to the motions filed by Trustee Mitchell and Interested
Party Richard Kreitzberg, Holdner's reply, as well as Holdner's
opening brief on the merits of the appeal, Judge Hernandez denies
the motions.

Judge Hernandez denied the motion because it is directed to parties
in a different case.  The case in which Interested Party Richard
Kreitzberg and RAK Investments appear, 16-110, is not assigned to
Judge Hernandez.  Currently, Judge Simon has stayed the 16-110
case.  Moreover, Mr. Holdner filed the identical motion in the
16-110 case and Judge Simon has denied it.

Because Mr. Holdner failed to first seek a stay with the Bankruptcy
Court, because the issues apparently raised in the motion for stay
are moot, and because Holdner fails to demonstrate that he is
entitled to a stay on the merits, the motion for expedited hearing
or stay is denied.

A full-text copy of Judge Hernandez's Opinion & Order dated January
23, 2017, is available at https://is.gd/Mk0gn1 from Leagle.com.

William F. Holdner is the appellant, pro se.

Amy E. Mitchell, appellee, is represented by Justin D. Leonard,
Esq., at Leonard Law Group LLC and Timothy A. Solomon, Esq., at
Sussman Shank, LLP.

Data Systems, Inc., is represented by Ted A. Troutman, Esq., at
Muir & Troutman.

Interested party Richard Kreitzberg is represented by Sandra S.
Gustitus, Esq., at Chenoweth Law Group and Brian D. Chenoweth,
Esq., at Chenoweth Law Group, PC.

U.S. Trustee, Portland, Trustee, Pro Se.

                        About Data Systems

Portland, Oregon-based Data Systems, Inc., filed for Chapter 11
bankruptcy protection (Bankr. D. Ore. Case No. 16-30477) on Feb.
11, 2016, estimating its assets at between $1 million and $10
million and its liabilities at between $100,000 and $500,000.  The
petition was signed by William F. Holdner, president.

Judge Randall L. Dunn presides over the case.

Ted A Troutman, Esq., at Troutman Law Firm P.C. serves as the
Debtor's bankruptcy counsel.

Amy Mitchell was appointed Chapter 11 trustee of Data Systems,
Inc. The Chapter 11 Trustee retains Henderson Bennington
Moshofsky,P.C., as accountant.

The Troubled Company Reporter, on Dec. 7, 2016, reported that Judge
Randall L. Dunn of the United States Bankruptcy Court for the
District of Oregon confirmed the First Amended Plan of
Reorganization proposed by the duly appointed chapter 11 trustee,
Amy Mitchell, for the debtor-in-possession Data Systems, Inc.


DELCATH SYSTEMS: OKs Temporary Notes Conversion Price Reduction
---------------------------------------------------------------
Delcath Systems, Inc., and holders of greater than 55% of the
aggregate principal amount of the Company's Senior Secured
Convertible Notes due Dec. 29, 2017, agreed to temporarily reduce
the conversion price for conversions at the option of the holders
of Notes to $0.32 per share of the Company's common stock, for a
period commencing on Jan. 26, 2017, and ending on Feb. 1, 2017.

The Required Holders also agreed to certain volume limitations on
sales of the Company's common stock thereby during the Reduced
Conversion Period.  The reduction of the Conversion Price may
result in the issuance of a substantial number of shares of the
Company's common stock. As of the close of business on Jan. 25,
2017, there were 18,125,392 shares of the Company's common stock
outstanding.

                         About Delcath

Delcath Systems, Inc. is an interventional oncology Company focused
on the treatment of primary and metastatic liver cancers. The
Company's investigational product -- Melphalan Hydrochloride for
Injection for use with the Delcath Hepatic Delivery System
(Melphalan/HDS) -- is designed to administer high-dose chemotherapy
to the liver while controlling systemic exposure and associated
side effects.  The Company has commenced a global Phase 3 FOCUS
clinical trial for Patients with Hepatic Dominant Ocular Melanoma
(OM) and a global Phase 2 clinical trial in Europe and the U.S. to
investigate the Melphalan/HDS system for the treatment of primary
liver cancer (HCC) and intrahepatic cholangiocarcinoma (ICC).
Melphalan/HDS has not been approved by the U.S. Food & Drug
Administration (FDA) for sale in the U.S. In Europe, our system has
been commercially available since 2012 under the trade name Delcath
Hepatic CHEMOSAT Delivery System for Melphalan (CHEMOSAT), where it
has been used at major medical centers to treat a wide range of
cancers of the liver.

Delcath reported a net loss of $14.7 million in 2015, a net loss of
$17.4 million in 2014 and a net loss of $30.3 million in 2013.

As of Sept. 30, 2016, Delcath had $36.98 million in total assets,
$32.49 million in total liabilities and $4.48 million in total
stockholders' equity.

Grant Thornton LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has incurred recurring
losses from operations and as of Dec. 31, 2015, has an accumulated
deficit of $261 million.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


DESIGNLINE CORP: Trustee Loses Bid for Litigation Financing
-----------------------------------------------------------
The Hon. J. Craig Whitley of the U.S. Bankruptcy Court for the
Western District of North Carolina has denied the request of Elaine
Rudisill, liquidating trustee for DesignLine Corp., to obtain
financing to prosecute lawsuits against the former officers and
directors of debtors DesignLine Corp. and DesignLine USA LLC.

The Liquidating Trustee retained Benesch, Friedlander, Coplan &
Aronoff, LLP, and Moon Wright & Houston, PLLC, to assist her in
liquidating the trust assets.  At that time, the Firms had already
been heavily involved in the case having proposed the Chapter 11
plan as counsel for the official unsecured creditors committee.

Since the effective date of the Plan, the Liquidating Trustee has
initiated approximately 115 adversary proceedings.  Only a handful
remain unresolved.  Of those remaining adversary proceedings, three
are relevant to the Liquidating Trustee's financing motion.  These
three adversary proceedings involve complex, interrelated
litigation against the Debtors' former officers and directors that
range from claims of breach of fiduciary duty and unjust enrichment
to bribery and RICO violations.  The Court has previously described
the scope of the Liquidating Trustee's allegations as breathtaking.
One action alone raises 131 separate causes of action against 18
different defendants who reside all across the globe.  Most of the
defendants have requested that these claims be resolved in U.S.
District Court by juries.  The trials could take weeks to conclude.
Further entangling the proceedings, the defendants have now begun
to file third-party complaints for indemnification and contribution
against each other and against former directors the Liquidating
Trustee chose not to sue.  With discovery barely underway, the cost
of this litigation is already monumental.

The opponents' arguments can be broadly summarized into three
categories.  First, the opponents asserted that the prepaid forward
purchase agreement between the Liquidating Trustee and RDSL and a
retention agreement constitute an impressible modification to an
already substantially consummated plan in violation of 11 U.S.C.
Sections 1127(b) and 1101(2).  Second, the opponents believed the
"sale" is illusory in that RDSL has no affirmative duty to continue
to fund and is essentially paying a "purchase price" that it will
receive back in full.  Third, and the sole issue subject to this
court order, the opponents argued that the Agreements violate North
Carolina law because RDSL would exercise sufficient control over
the litigation so as to constitute champerty.  According to the
opponents, this source of control stems from specific provisions
requiring RDSL's input into future decisions and from RDSL's power
to cut off funding.

The Liquidating Trustee vigorously refuted each objection.  She
asserted that without this funding arrangement, she would not be
able to continue to litigate the insider actions and, as a result,
creditors would lose their only chance at recovery in this
bankruptcy case.  The Liquidating Trustee believes the Agreements
fall within the broadly worded provisions of the Plan permitting a
sale of trust assets.  Regarding champerty, the Liquidating Trustee
argued that RDSL has no control over the litigation and would be
but a passive onlooker.

The provisions requiring the Liquidating Trustee to seek RDSL's
permission to increase the litigation budget and to consult with
RDSL regarding replacement counsel combined with the power
attendant to the funding relationship vests RDSL with significant
control over the Insider Actions and constitutes champerty under
North Carolina law.  Because the Court could not approve an
agreement that violates public policy, the Liquidating Trustee's
motion must be denied.

Specifically, the trustee proposes to "sell" a "portion of the
proceeds" from three adversary proceedings to RDSL 1603-421 LLC, an
affiliate of Parabellum Capital LLC.  Because this unusual
agreement between the Liquidating Trustee and RDSL constitutes
champerty under North Carolina law, the proposal cannot be
approved, Judge Whitley says.  The trustee's motion is thus
denied.

A full-text copy of Judge Whitley's Order dated January 20, 2017,
is available at https://is.gd/h8vLy6 from Leagle.com.

DesignLine Corporation is represented by Mark D. Collins, Esq.,
Michael Joseph Merchant, Esq., and Amanda R. Steele, Esq., at
Richards, Layton & Finger, P.A.; and Terri L. Gardner, Esq., and
Peter Justin Haley, Esq., at Nelson Mullins Riley & Scarborough,
LLP.

Elaine Rudisill, Trustee, is represented by Michael Jason Barrie,
Esq., Kevin Michael Capuzzi, Esq., and Jennifer R. Hoover, Esq., at
Benesch, Friedlander, Coplan & Aronoff; Andrew T. Houston, Esq.,
and Travis W. Moon, Esq., at Moon Wright & Houston, PLLC; and
Elaine Rudisill, Esq., at The Finley Group.

The Official Committee of Unsecured Creditors is represented by
Jennifer E. Smith, Esq., at Benesch, Friedlander, Coplan & Aronoff
and Richard S. Wright, Esq., at Moon Wright & Houston, PLLC.

                      About DesignLine

DesignLine Corporation manufactured coach, electric and range-
extended electric (hybrid) buses.  Founded in Ashburton, New
Zealand in 1985, DesignLine was acquired by American interests in
2006, and DesignLine Corporations' headquarters was relocated to
Charlotte, North Carolina.  DesignLine Corporation is no longer
affiliated with the DesignLine operations in New Zealand, which
was placed in liquidation in 2011.

DesignLine Corporation and DesignLine USA LLC originally sought
Chapter 11 protection with the U.S. Bankruptcy Court for the
District of Delaware (Lead Case Nos. 13-12089 and 13-12090), on
Aug. 15, 2013.  Katie Goodman at GGG Partners LLC signed the
petitions as chief restructuring officer.  On Sept. 5, 2013, the
case was transferred to the U.S. Bankruptcy Court for the Western
District of North Carolina (Case Nos. 13-31943 and 13-31944).

Mark D. Collins, Esq., and Michael Joseph Merchant, Esq., at
Richards, Layton & Finger, P.A.; and Terri L. Gardner, Esq., at
Nelson Mullins Riley & Scarborough, LLP, serve as the Debtors'
bankruptcy counsel.  GGG Partners also serves as the Debtors'
financial advisors.

A five-member unsecured creditors panel has been appointed in the
Debtors' cases.  Moon Wright & Houston PLLC and Benesch,
Friedlander, Coplan & Aronoff LLP are co-counsel to the Committee.
The Committee retained CBIZ MHM, LLC as financial advisors.

The Bankruptcy Judge has appointed Elaine T. Rudisill as the
chapter 11 trustee for the Debtors.


DEX MEDIA: Must Defend Against Yellow Pages Photos' Counterclaim
----------------------------------------------------------------
Yellow Pages Photos, Inc., has returned to the U.S. Bankruptcy
Court for the District of Delaware in a copyright infringement
action, now against Dex Media, Inc., rather than SuperMedia, LLC.
Dex Media has moved to dismiss the Counterclaims YPPI brought and
for judgment on the pleadings on its adversary complaint, which
YPPI opposes.

YPPI initially filed its lawsuit against Dex Media in the District
Court for the Middle District of Florida.  Dex Media filed an
adversary proceeding in the Bankruptcy Court, which less than a
month earlier had issued a final decision in YPPI's lawsuit against
Dex Media's predecessor corporation, SuperMedia, Inc.  In the
adversary proceeding, Dex Media seeks a declaratory judgment that
copyright infringement did not occur.  The Bankruptcy Court
exercised jurisdiction over the adversary proceeding because of its
knowledge and experience with YPPI and SuperMedia.  Thereafter,
YPPI filed its counterclaims in which it asserts its copyright
infringement claim.  For the sake of clarity, the Bankruptcy Court
will refer to the litigation involving SuperMedia as the
"SuperMedia Litigation," and the adversary proceeding as the "Dex
Media Action."

Dex Media raises "four independent reasons" for dismissal: claim
preclusion, judicial estoppel, collateral estoppel and failure to
state a claim for relief.  YPPI counters that the parties are
different and that the alleged infringement arose after the
conclusion of the SuperMedia Litigation.

The Bankruptcy Court finds that the present lawsuit against Dex
Media is part of a "series of connected transactions" and for
several reasons satisfies the requirements for a finding that res
judicata applies.  The Court also finds that judicial estoppel and
collateral estoppel bar the Dex Media Action.

The Bankruptcy Court held that a final judgment on the merits
"precludes" the relitigation of issues that were litigated or could
have been asserted even if the plaintiff names other parties, seeks
different relief or raises a different theory of recovery.  The
Bankruptcy Court pointed out that in the SuperMedia Litigation, the
Court did issue a final order and entered judgment in favor of YPPI
in the sum of $303,210.  Also, the parties or their privies appear
in both the SuperMedia Litigation and the Dex Media Action.  In
addition, the claims in both actions are similar if not identical.

With respect to the argument that claim preclusion is different in
a bankruptcy action, the Bankruptcy Court held that it can
understand the argument but it does not apply here as the Dex Media
Action does not involve bankruptcy cases.  The case, or adversary
proceeding, is a copyright infringement matter.

The Court finds in favor of Dex Media and against YPPI on the
motion for judgment on the pleadings with respect to res judicata,
judicial estoppel and collateral estoppel.  Despite the foregoing,
in the absence of estoppel the Court finds that YPPI has stated a
bare-bones cause of action for infringement.  YPPI has met the
burden of stating a plausible claim.  Accordingly, the Court denies
the dismissal of the Dex Media Action on the ground that the
Counterclaims fail to state a claim.

The adversary proceeding is DEX MEDIA, INC., Plaintiff, vs. YELLOW
PAGES PHOTOS, INC., Defendant, Adv. Proc. No. 16-51026(KG)(Bankr.
D. Del.).

A full-text copy of the January 19, 2017, Opinion penned by U.S.
Bankruptcy Judge Kevin Gross is available at https://is.gd/ndMxOa
from Leagle.com.

Dex Media, Inc., Debtor, represented by Travis M. Bayer, Kirkland &
Ellis LLP, Bradley Thomas Giordano, Kirkland & Ellis LLP, Liliya
Gritsenko, c/o Kirkland & Ellis LLP, Kuan Huang, Kirkland & Ellis
LLP, Patrick A. Jackson, Drinker Biddle & Reath LLP, Marc
Kieselstein, Kirkland & Ellis LLP, Steven K. Kortanek, Drinker
Biddle & Reath LLP, Eric F. Leon, Kirkland & Ellis LLP, Adam Craig
Paul, Kirkland & Ellis LLP, James H.M. Sprayregen, Kirkland & Ellis
LLP, Nate Taylor, Kirkland & Ellis LLP & W. Benjamin Winger,
Kirkland & Ellis LLP.

U.S. Trustee, U.S. Trustee, represented by Timothy Jay Fox, Jr.,
Office of the United States Trustee.

                         About Dex Media

DFW Airport, Texas-based Dex Media, Inc. -- aka Newdex, Inc., Dex
One Corporation, R.H. Donnelley Corporation -- provides marketing
solutions to more than 400,000 business clients across the U.S.

Dex Media filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 16-11200) on May 16, 2016.

Affiliates Dex Media East, Inc. (Bankr. D. Del. Case No. 16-11201),
Dex Media Holdings, Inc. (Bankr. D. Del. Case No. 16-11202), Dex
Media Service LLC (Bankr. D. Del. Case No. 16-11203), Dex Media
West, Inc. (Bankr. D. Del. Case No. 16-11204), Dex One Digital,
Inc. (Bankr. D. Del. Case No. 16-11205), Dex One Service,  Inc.
(Bankr. D. Del. Case No. 16-11206), R.H. Donnelley APIL, Inc.
(Bankr. D. Del. Case No. 16-11207), R.H. Donnelley Corporation
(Bankr. D. Del. Case No. 16-11208), R.H. Donnelley Inc. (Bankr. D.
Del. Case No. 16-11209), SuperMedia Inc. (Bankr. D. Del. Case No.
16-11210), SuperMedia LLC (Bankr. D. Del. Case No. 16-11211), and
SuperMedia Sales Inc. (Bankr. D. Del. Case No. 16-11212) filed for
Chapter 11 bankruptcy protection on the same day.

The petitions were signed by Andrew Hede, chief restructuring
officer.

James H.M. Sprayregen, P.C, Marc Kieselstein, P.C., Adam Paul,
Esq., and Bradley Thomas Giordano, Esq., at Kirkland & Ellis LLP
and Kirkland & Ellis International LLP serve as the Debtors'
general bankruptcy counsel.

Patrick A. Jackson, Esq., and Pauline K. Morgan, Esq., at Young
Conaway Stargatt & Taylor, LLP, serve as the Debtors' co-counsel.
Moelis & Company LLC is the Debtors' investment banker.  KPMG LLP
is the Debtors' tax advisor.  Ernst & Young LLP is the Debtor's
auditor.  Epiq Bankruptcy Solutions is the Debtors' notice, claims
& administrative agent.

The Debtors listed $1.26 billion in total assets as of Dec. 31,
2015, and $2.65 billion in total debts as of Dec. 31, 2015.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Dex Media, Inc.

                    *     *     *

The Hon. Kevin Gross on July 15, 2016, entered an order approving
the Disclosure Statement for, and confirming, the Amended Joint
Prepackaged Chapter 11 Plan of Dex Media, Inc., and its
debtor-affiliates.

The Effective Date of the Plan occurred on July 29, 2016.


DIFFUSION PHARMACEUTICALS: Amends Charter to Hike Preferred Stock
-----------------------------------------------------------------
Diffusion Pharmaceuticals Inc. filed a Certificate of Amendment to
its Certificate of Incorporation with the Secretary of State of the
State of Delaware, effective Jan. 23, 2017.  The Charter Amendment
amended the Company's Certificate of Incorporation to increase the
number of authorized shares of preferred stock from 5,000,000
shares to 30,000,000 shares.  The Charter Amendment was approved by
the Company's stockholders at a special meeting held on January 6,
2017, as set forth in the Company's Current Report on Form 8-K
filed with the Securities and Exchange Commission on January 9,
2017.

                About Diffusion Pharmaceuticals

Diffusion Pharmaceuticals, as surviving entity in its merger with
RestorGenex, is a clinical stage biotechnology company focused on
extending the life expectancy of cancer patients by improving the
effectiveness of current standard-of-care treatments including
radiation therapy and chemotherapy.  Diffusion is developing its
lead drug, trans sodium crocetinate (TSC), for use in the many
cancer types in which tumor hypoxia (oxygen deprivation) is known
to diminish the effectiveness of current treatments.  TSC targets
the cancer's hypoxic micro-environment, re-oxygenating
treatment-resistant tissue and making the cancer cells more
vulnerable to the therapeutic effects of treatments such as
radiation therapy and chemotherapy, without the apparent addition
of any serious side effects.  TSC has potential application in
other indications involving hypoxia, such as stroke and
neurodegenerative diseases.

Diffusion reported a net loss of $23.8 million on $0 of revenues
for the year ended Dec. 31, 2015, compared to a net loss of $14.4
million on $0 of revenues for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Diffusion had $19.04 million in total assets,
$7.56 million in total liabilities and $11.48 million in total
stockholders' equity.

Deloitte & Touche LLP, in Chicago, Illinois, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company's recurring
losses from operations and its present financial resources raise
substantial doubt about its ability to continue as a going concern.


DIGIPATH INC: Appoints Alfredo Axtmayer to Board of Directors
-------------------------------------------------------------
DigiPath, Inc. appointed Dr. Alfredo Axtmayer to serve as a
director of the Company.

"There are no arrangements or understandings with Dr. Axtmayer
pursuant to which he was appointed as a director, or any related
party transactions between the Company and Dr. Axtmayer that are
subject to disclosure under Item 404(a) of Regulation S-K.," as
disclosed in a Form 8-K report filed with the Securities and
Exchange Commission.

                        About DigiPath

DigiPath, Inc., was incorporated in Nevada on Oct. 5, 2010.
DigiPath and its subsidiaries support the cannabis industry's best
practices for reliable testing, cannabis education and training,
and brings unbiased cannabis news coverage to the cannabis
industry.

Digipath reported a net loss of $3.69 million on $818,583 of
revenues for the year ended Sept. 30, 2016, compared to a net loss
of $4.33 million on $16,084 of revenues for the year ended Sept.
30, 2015.  As of Sept. 30, 2016, DigiPath had $1.44 million in
total assets, $211,913 in total liabilities and $1.23 million in
total stockholders' equity.

Anton & Chia, LLP, in Newport Beach, CA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2016, citing that the Company has recurring losses
and insufficient working capital, which raises substantial doubt
about its ability to continue as a going concern.


DIGIPATH INC: Dismisses Anton & Chia as Accountants
---------------------------------------------------
Digipath, Inc. dismissed Anton & Chia, LLP as the Company's
independent registered public accounting firm effective Jan. 26,
2017.  The dismissal was recommended and approved by the Company's
board of directors.

The reports of A&C regarding the Company's consolidated financial
statements for each of the two most recent fiscal years of the
Company did not contain an adverse opinion or disclaimer of opinion
and were not qualified or modified as to uncertainty, audit scope,
or accounting principles, except that such reports contained an
explanatory paragraph with respect to uncertainty as to the
Company's ability to continue as a going concern.

During the two most recent fiscal years of the Company and through
Jan. 26, 2017, there were (i) no disagreements between the Company
and A&C on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure,
which disagreements, if not resolved to the satisfaction of A&C,
would have caused A&C to make reference thereto in their reports on
the Company's consolidated financial statements for such years, and
(ii) no "reportable events" as that term is defined in Item
304(a)(1)(v) of Regulation S-K, the Company said.

On Jan. 26, 2017, the Company engaged M&K CPAS, PLLC to serve as
the Company's independent registered public accounting firm for the
fiscal year ending Sept. 30, 2017.

During the Company's two most recent fiscal years ended Sept. 30,
2016, and 2015 and the subsequent interim period through Jan. 26,
2017, neither the Company nor anyone acting on its behalf consulted
with M&K regarding: (i) the application of accounting principles to
a specified transaction, either completed or proposed; (ii) the
type of audit opinion that might be rendered on the Company's
financial statements by M&K, nor did M&K provide written or oral
advice to the Company that M&K concluded was an important factor
considered by the Company in reaching a decision as to any
accounting, auditing or financial reporting issues; or (iii) any
other matter that was the subject of a "disagreement" or
"reportable event" (as such terms are described in Items
304(a)(1)(iv) and (v) of Regulation S-K), as disclosed in a Form
8-K report filed with the Securities and Exchange Commission.

                        About DigiPath

DigiPath, Inc., was incorporated in Nevada on Oct. 5, 2010.
DigiPath and its subsidiaries support the cannabis industry's best
practices for reliable testing, cannabis education and training,
and brings unbiased cannabis news coverage to the cannabis
industry.

Digipath reported a net loss of $3.69 million on $818,583 of
revenues for the year ended Sept. 30, 2016, compared to a net loss
of $4.33 million on $16,084 of revenues for the year ended Sept.
30, 2015.  As of Sept. 30, 2016, DigiPath had $1.44 million in
total assets, $211,913 in total liabilities and $1.23 million in
total stockholders' equity.

Anton & Chia, LLP, in Newport Beach, CA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2016, citing that the Company has recurring losses
and insufficient working capital, which raises substantial doubt
about its ability to continue as a going concern.


DONNA NEWSOME: Seeks to Waive Patient Care Ombudsman Appointment
----------------------------------------------------------------
Donna E. Newsome filed a Motion before the U.S. Bankruptcy Court
for the Eastern District of Texas to waive the appointment of a
Patient Care Ombudsman.

The Debtor is a board certified neurologist. She has been in
private practice as a hospital neurologist since 2002 and currently
has no office practice but instead sees patients in acute care
hospitals rehabilitation units and long term care facilities
throughout Dallas and Collin counties. Due to the nature of her
practice, Dr. Newsome does not maintain office hours and does not
maintain or store patient records. Patient records are instead
maintained by each of the facilities at which she has been granted
privileges

Given that the Debtor has procedures in place to ensure continued
appropriate care of patients, that the records of the patients that
she sees are maintained by the facilities in which said patients
are hospitalized rather than by the Debtor, and given the fact that
the Debtor has no history of patient problems with respect to the
provision of care or the custody of records, the Debtor's counsel,
Robert T. DeMarco, Esq., at DeMarco Mitchell, PLLC, in Plano,
Texas, submitted that appointment of an ombudsman in the case is
not necessary.

Therefore, the Debtor requests the Court to enter an order waiving
the appointment of a patient care ombudsman.

The Debtor is represented by:

         Robert T. DeMarco, Esq.
         Michael S. Mitchell, Esq.
         DEMARCO MITCHELL, PLLC
         1255 W. 15th Street, 805
         Plano, TX 75075
         Tel.: 972‐578‐1400
         Fax: 972‐346‐6791
         Email: robert@demarcomitchell.com
                mike@demarcomitchell.com

The bankruptcy case is Donna E. Newsome, Case No. 17-40121 (Bankr.
E.D. Tex.).


DOWLING COLLEGE: Deadline to File Claims Set for March 10
---------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of New York set
March 10, 2017, at 5:00 p.m. (prevailing Eastern Time) as the last
date for each person or entity to file proofs of claim against
Dowling College fdba Dowling Institute.

The Court also set May 30, 2017, at 5:00 p.m. (prevailing Eastern
Time) as deadline for governmental units to file their claims
against the Debtor.

All proofs of claim must be filed either (i) electronically by
utilizing the online portal that can be accessed at the Debtor's
court appointed claims agent's website at:
http://cases.gardencitygroup.com/dcoor (ii) by delivering the
original proof of claim either by U.S. Postal Service mail or
overnight delivery on the Debtor's court appointed claims agent or
the Bankruptcy Court at:

a) if by first class mail:

   Dowling College Case Administration
   c/o GCG
   P.O. Box 10342
   Dublin, OH 43017-5542

     -- or --

b) if by hand delivery:

   United States Bankruptcy Court, EDNY
   Alfonse D'Amato U.S. Courthouse
   290 Federal Plaza
   Central Islip, NY 11722
   Attn: Clerk of the Court

                About Dowling College

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

Dowling College sought Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 16-75545) on Nov. 30, 2016, estimating assets of
$100 million to $500 million and debt of less than $100 million.
The Debtor is represented by Klestadt Winters Jureller Southard &
Stevens, LLP.  Robert Rosenfeld of RSR Consulting, LLC, serves as
its chief restructuring officer while Garden City Group, LLC serves
as its claims and noticing agent.

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

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


ECOARK HOLDINGS: Strategic Planning Has 6.23% Stake as of Dec. 31
-----------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Strategic Planning Group, Inc. disclosed that as of
Dec. 31, 2016, it beneficially owns 2,294,075 shares of common
stock of Ecoark Holdings, Inc. representing 6.23 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/KT3RqS

                      About Ecoark Holdings

Ecoark Holdings, Inc., is a technology solutions company.  The
Company offers technologies to fight waste in operations,
logistics, and supply chains worldwide.  It provides pallet-level
time and temperature tracking, pre-cool prioritization and
monitoring, pallet routing, real-time in-transit monitoring, remote
visibility, and quality management solutions.  The Company also
offers Point Clouds, which creates two dimensional (2d) and three
dimensional (3d) digital replications; High definition (HD) photos,
a 360 degree rotational bubble image from various project
perspectives; 2d Plans that plan and elevates views in CAD/PDF; and
3d models, such as Revit, CAD, Cyclone, 3dS, and others; as well as
provides training and consultation services on laser scan and/or
creates 2d as-builts or 3d models.

For the six months ended June 30, 2016, Ecoark reported a net loss
of $8.09 million following a net loss of $5.23 million for the six
months ended June 30, 2015.

As of Sept. 30, 2016, Ecoark had $20.48 million in total assets,
$10.75 million in total liabilities and $9.72 million in total
stokholders' equity.

"The Company raised $17,320 of additional capital, net of expenses,
in a private placement subsequent to the reverse merger transaction
on March 24, 2016...  The Company's ability to raise additional
capital through future equity and debt securities issuances is
unknown.  Obtaining additional financing, the successful
development of the Company's contemplated plan of operations,
ultimately, to profitable operations are necessary for the Company
to continue operations.  The ability to successfully resolve these
factors raises substantial doubt about the Company's ability to
continue as a going concern," the Company stated in its quarterly
report for the period ended Sept. 30, 2016.


ENERGY FUTURE: Plan Confirmation Trial to Begin Feb. 14
-------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware will hold on
Feb. 14, a hearing to consider the confirmation of Energy Future
Holdings Corp.'s Chapter 11 plan, Matt Chiappardi, writing for
Bankruptcy Law360, reports.

Law360 relates that the Debtor told the Court that it envisions a
four-day Confirmation Hearing in February as it steams toward the
Debtor's potential emergence from Chapter 11.

U.S. Bankruptcy Judge Christopher S. Sontchi approved the
disclosure statement for the EFH Debtors' seventh amended Chapter
11 plan, early in January.

In a separate report, Jeff Montgomery, writing for Bankruptcy
Law360, reported that with the last stages of a $42 billion Chapter
11 restructuring coming into view, Energy Future Holdings took time
early this month to scrape up relative pocket change, filing court
motions to sell an unused 16,000-ton power plant boiler for $4
million worth of spare parts.  According to a proposed sale order
and supporting documents filed in Delaware, the deal is between
EFH's Luminant Generation Development Co. LLC in Texas and Prairie
State Generating Company LLC in Illinois.

Michelle Casady, also at Bankruptcy Law360, reported that the Texas
Supreme Court delivered a series of victories to Energy Future
Holdings Corp.'s power distributor, Oncor Electric Delivery Co.
LLC, early this month in a complicated rate case, allowing the
utility to charge ratepayers for federal income taxes and municipal
franchise fees and ending a 20 percent discount for state colleges.
Oncor had asked the court in September oral arguments to reinstate
a Public Utility Commission of Texas decision that allowed it to
charge ratepayers to cover its federal income taxes.

                      About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a Portfolio
of competitive and regulated energy businesses in Texas.

Oncor, an 80 percent-owned entity within the EFH group, is the
largest regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth. EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

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

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

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

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

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

Wilmington Savings Fund Society, FSB, the successor trustee for the
second-lien noteholders owed about $1.6 billion, is represented by
Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A.
Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq.,
Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey,
Esq., and Howard L. Siegel, Esq.  An Official Committee of
Unsecured Creditors has been appointed in the case. The Committee
represents the interests of the unsecured creditors of only Energy
Future Competitive Holdings Company LLC; EFCH's direct subsidiary,
Texas Competitive Electric Holdings Company LLC; and EFH Corporate
Services Company, and of no other debtors.  The Committee has
selected Morrison & Foerster LLP and Polsinelli PC for
representation in this high-profile energy restructuring.  The
lawyers working on the case are James M. Peck, Esq., Brett H.
Miller, Esq., and Lorenzo Marinuzzi, Esq., at Morrison & Foerster
LLP; and Christopher A. Ward, Esq., Justin K. Edelson, Esq., Shanti
M. Katona, Esq., and Edward Fox, Esq., at Polsinelli PC.

                          *     *     *

In December 2015, the Bankruptcy Court confirmed the Debtors'
reorganization plan, which contemplated a tax-free spin of the
company's competitive businesses, including Luminant and TXU
Energy, and the $20 billion sale of its holdings in non-debtor
electricity transaction unit Oncor Electric Delivery Co. to a
consortium of investors.  But the Plan became null and void after
certain first lien creditors notified the occurrence of a "plan
support termination event."

The Debtors filed a new plan of reorganization on May 1, 2016, as
subsequently amended.  The new Chapter 11 plan features
alternative options for dealing with the Company's stake in
electricity transmission unit Oncor.

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

On Sept. 21, 2016, the Debtors filed the E-Side Plan and the
Disclosure Statement for the Fourth Amended  Joint Plan of
Reorganization of Energy Future Holdings Corp., et al., Pursuant to
Chapter 11 of the Bankruptcy Code as it Applies to the EFH Debtors
and EFIH Debtors.


FERGUSON CONVALESCENT: Still Faces Financial Obligations, PCO Says
------------------------------------------------------------------
Deborah L. Fish, the Patient Care Ombudsman for Ferguson
Convalescent Home, Inc., has filed the eighth report for the period
of November 22, 2016 to January 24, 2017.

The PCO reported that the Debtor has maintained all of its services
and is delivering similar quality care to essentially the same
patient population as it did pre-petition.

The PCO added that during her visits, she did not receive any
complaints and in fact, the residents stated that they are happy
with the food, care and the services provided. The facility
continues to be well maintained and there were no foul odors
anywhere in the facility.

Moreover, the administration and staff confirmed that the Debtor is
continuing to receive all of its necessary supplies for direct
patient care; however, as was reported at the last hearing, the
Trustee is finding it challenging to make all of payments on a
current basis.

According to the report, there are two motions pending requesting
payments of post-petition expenses and the Trustee continues to
struggle, as did the Debtor, on a monthly basis to meet the
financial obligations of the Debtor.

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

       http://bankrupt.com/misc/mieb16-30397-208.pdf

                   About Ferguson Convalescent

Ferguson Convalescent Home, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Mich. Case No. 16-30397) on Feb. 24, 2016.
The case is pending before the Honorable Daniel S. Opperman. The
Debtor is represented by Martin W. Hable, Esq., in Lapeer, Mich.

On December 13, 2016, Charles J. Taunt was appointed as Chapter 11
trustee.

The Debtor is a privately owned and licensed long term skilled
nursing facility located at 239 S. Main St., Lapeer, Mich. It
consists of 87 licensed beds, located within a leased facility. The
Debtor had 54 residents and employed nearly 100 full and part-time
employees at the time of the bankruptcy filing.


FINANCIAL GRAVITY: Whitley Penn LLP Casts Going Concern Doubt
-------------------------------------------------------------
Financial Gravity Companies, Inc., filed with the U.S. Securities
and Exchange Commission its annual report on Form 10-K, disclosing
a net loss of $2.13 million on $2.76 million of total revenue for
the fiscal year ended September 30, 2016, compared to a net loss of
$943,884 on $1.31 million of total revenue for the fiscal year
ended September 30, 2015.

Whitley Penn LLP in Dallas, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
fiscal year ended September 30, 2016, citing that the entity has
suffered recurring losses from operations and has a net capital
deficiency that raises substantial doubt about its ability to
continue as a going concern.

The Company's balance sheet at September 30, 2016, showed total
assets of $2.10 million, total liabilities of $375,807, all
current, and a stockholders' equity of $1.72 million.

A full-text copy of the Company's Form 10-K is available at:
                
                   https://is.gd/JjjZ0C

Financial Gravity Companies, Inc., based in Allen, Texas, was
formed specifically to be the parent company of several
subsidiaries that provide integrated tax, business, and financial
solutions.  Financial Gravity's clients include small businesses,
small business owners and high net worth individuals.  The
Company's services are focused on helping clients make more money
and build wealth, most often with tax savings, lowering costs and
improving efficiency.



FRYMIRE SERVICES: Ch.11 Trustee Hires Lain Faulkner as Accountant
-----------------------------------------------------------------
Dennis Faulkner, the Chapter 11 Trustee of Frymire Services, Inc,
seeks authority from the United States Bankruptcy Court for the
Northern District of Texas, Dallas Division, to retain Lain,
Faulkner & Co., P.C. as accountants for the Chapter 11 Trustee.

The Chapter 11 Trustee is a shareholder of Lain Faulkner.

The services that Lain Faulkner is to render to the Trustee are:

     a) Assist the Trustee in the gathering of the Debtor's
financial information and in the analysis of the Debtor's financial
position, assets, and liabilities;

     b) Assist the Trustee in the examination of proofs of claim
filed against the Debtor to determine whether any scheduled and/or
asserted claims are objectionable or otherwise improper;

     c) Assist the Trustee in his investigation of the acts and
conduct of the Debtor, and the operation of the Debtor's business,
including investigation into whether there has been fraud,
dishonesty, incompetence, misconduct, mismanagement, or
irregularity in the management of the Debtor's affairs;

     d) Assist the Trustee in analyzing potential avoidance actions
and supplying support for payment history and invoicing;

     e) Assist the Trustee in the analysis of tax and taxation
issues and in the filing of any necessary information/returns
regarding taxes;

     f) Assist the Trustee in the preparation of the required
monthly operating reports; and

     g) Perform all other accounting services and provide all other
financial advice to the Trustee in connection with this case as may
be required or necessary.

The primary professionals for Lain Faulkner who will represent the
Trustee (and their agreed-upon hourly rates) are:

     Keith Enger      $400 per hour
     Brian Crisp      $350 per hour
     Dean Bielitz     $340 per hour
     Brandi Chambers  $240 per hour

Keith Enger, a shareholder of Lain Faulkner, attests that his firm
does not have any connection with the Debtor's creditors, equity
security holders, or any other party-in-interest or their
respective attorneys and accountants; does not have any connection
with the United States Trustee or any person employed in the Office
of the United States Trustee; is "disinterested persons" as that
term is defined in section 101(14) of the Bankruptcy Code; and does
not hold or represent any interest adverse to the bankruptcy
estate.

The Firm can be reached through:

     Keith Enger
     LAIN, FAULKNER & CO., P.C.
     400 N. St. Paul, Suite 600
     Dallas, TX 75201
     Phone: 214-720-1929
     Fax: 214-720-1450
     Email: kenger@lainfaulkner.com

                          About Frymire Services

Frymire Services, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Tex. Case No. 16-32814) on July 15, 2016. The petition
was signed by George R. Frymire, president.

The Debtor was formed in Texas on April 2, 1956. The Debtor
operates a commercial and residential services company specializing
in HVAC heating/cooling and plumbing.

Judge Stacey G. Jernigan presides over the case. The Debtor is
represented by Bryan Christopher Assink, Esq., Mark A. Castillo,
Esq., and Joshua Lee Shepherd, Esq., at Curtis Castillo, Esq. The
Debtor estimated assets and debts at $1 million to $10 million at
the time of the chapter 11 filing.

The Court has approved the appointment of Dennis Faulkner as the
Chapter 11 Trustee for Frymire Services.


FUNCTION(X) INC: New COO Brian Rosin Gets $250K Annual Base Salary
------------------------------------------------------------------
As previously reported on Function(x) Inc.'s current report on Form
8-K filed on Jan. 19, 2017, the Company has named Brian Rosin its
chief operating officer.  On Jan. 26, 2017, the Company and Mr.
Rosin agreed to the terms of a new employment agreement reflecting
his new role.

The agreement is effective Feb. 1, 2017, and calls for a three-year
term.  Mr. Rosin will receive a base salary of $250,000 per year.
Mr. Rosin will be entitled to a bonus of $200,000, payable in
restricted shares of Company common stock, if the Company's
revenues during calendar 2017 are at least $5,000,000 and the
Company's profit margin has not decreased from the prior year.  He
will be entitled to a bonus of $200,000, payable in restricted
shares of Company common stock, if the Company's revenues during
calendar 2018 are at least $10,000,000 and the Company's profit
margin has not decreased from the prior year.  Additionally, if the
Company's market capitalization will be between $100,000,000 and
$249,999,999 for thirty consecutive calendar days, Mr. Rosin will
be entitled to a one-time bonus of $100,000, payable in cash,
restricted shares of Company stock, or options to purchase Company
stock, at the discretion of the Company's Compensation Committee.
If the Company's market capitalization will be between $250,000,000
and $499,999,999 for thirty consecutive calendar days, Mr. Rosin
will be entitled to a one-time bonus of $500,000, payable in cash,
restricted shares of Company stock, or options to purchase Company
stock, at the discretion of the Company's Compensation Committee.
If the Company's market capitalization shall be between
$500,000,000 and $999,999,999 for thirty consecutive calendar days,
Mr. Rosin shall be entitled to a one-time bonus of $1,000,000,
payable in cash, restricted shares of Company stock, or options to
purchase Company stock, at the discretion of the Company's
Compensation Committee.  If the Company's market capitalization
will be between $1,000,000,000 and $1,499,999,999 for thirty
consecutive calendar days, Mr. Rosin will be entitled to a one-time
bonus of $5,000,000, payable in cash, restricted shares of Company
stock, or options to purchase Company stock, at the discretion of
the Company's Compensation Committee.  If the Company's market
capitalization will be at least $1,500,000,000, Mr. Rosin will be
entitled to a one-time bonus of $1,000,000 for each $500,000,000 by
which the Company's market capitalization exceeds $1,500,000,000,
payable in cash, restricted shares of Company stock, or options to
purchase Company stock, at the discretion of the Company's
Compensation Committee.

The Company's Compensation Committee has approved a grant to Mr.
Rosin of 33,000 restricted units of Company common stock, which
will vest on the earlier of (a) Jan. 26, 2018. and (b) such earlier
date as Mr. Rosin shall advise in writing to the Company.

If Mr. Rosin's employment is terminated without cause, he shall
receive continuation of his salary for three months, as well as
payment of any bonus earned and not yet paid.  In the event of his
death or disability before the end of the term, he, his estate or
beneficiaries, as the case may be, will receive his unpaid salary
and paid time off through the date of termination.

                     About Function(x)Inc.

Based in New York, FunctionX Inc (NASDAQ:FNCX) is a diversified
media and entertainment company.  The Company conducts three lines
of businesses, which are digital publishing through Wetpaint.com,
Inc. (Wetpaint) and Rant, Inc. (Rant); fantasy sports gaming
through DraftDay Gaming Group, Inc. (DDGG), and digital content
distribution through Choose Digital, Inc. (Choose Digital).  The
Company's segments include Wetpaint, which is a media channel
reporting original news stories and publishing information content
covering television shows, music, celebrities, entertainment news
and fashion; Choose Digital, which is a business-to-business
platform for delivering digital content; DDGG, which is a
business-to-business operator of daily fantasy sports, and Other.
The Company's digital publishing business also includes Rant, which
is a digital publisher that publishes original content in over 13
verticals, such as in sports, entertainment, pets, cars and food.

The Company incurred a net loss of $63.68 million for the year
ended June 30, 2016, compared to a net loss of $78.53 million for
the year ended June 30, 2015.  As of Sept. 30, 2016, Function(x)
had $33.07 million in total assets, $27.51 million in total
liabilities and $5.55 million in total stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
June 30, 2016, citing that the Company has suffered recurring
losses from operations and at June 30, 2016, has a deficiency in
working capital that raise substantial doubt about its ability to
continue as a going concern.


GAMESTOP CORP: S&P Lowers CCR to 'BB' on Weak Performance
---------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
Grapevine, Texas-based video game, consumer electronics and
wireless services retailer GameStop Corp. to 'BB' from 'BB+'.  The
outlook is stable.

In conjunction with the lower corporate credit rating, S&P lowered
its issue-level ratings on the company's $350 million senior
unsecured notes due 2019 and $475 million senior unsecured notes
due 2021 to 'BB' from 'BB+'.  The recovery rating on these notes
remains unchanged at '4', indicating lenders could expect average
recovery in the event of a payment default, at the lower end of the
range (30% to 50%).  The 'BBB-' issue-level rating and '1' recovery
rating on the ABL revolver remain unchanged.

"The downgrade reflects our expectation that soft customer traffic
and a promotional environment could continue and we now think
leverage will remain above 3x for the next year.  Competitive
gaming sources in digital and online channels, along with
acceleration in digital downloads will pressure operating metrics,
notwithstanding some success in diversifying revenues through other
businesses such as the higher margin technology brand and
collectibles segment," said credit analyst Adam Melvin.  "Although
rapidly increasing, that segment is still a small portion of the
company's overall business.  The company increased debt last year
to expand its technology brands segment."

The stable outlook on GameStop reflects S&P's expectation that
credit metrics will remain commensurate with the ratings despite
potential performance swings due to competitive pricing pressures
and a modest uptick in sales from new hardware releases.  S&P
expects the company to continue generate healthy cash flows and
maintain strong liquidity as it continues to capture additional
profit growth through its acquisition strategy.

S&P could lower the rating if competitive pressures cause a shift
in gaming away from the company's core business towards digital
before the company has penetrated the digital market.  Competitive
pressures could also cause a greater than expected revenue decline.
This could hurt profitability and lead to debt to EBITDA of over
4x on a sustained basis.  Alternatively, a downgrade could occur
because of an aggressive financial policy that results in large
debt-financed shareholder remunerations.

S&P could raise the rating if it is convinced that the company's
competitive position and operating initiatives, such as expansion
into the higher-margin technology brand segment leads to less
dependence on the volatile video game business, contribute to
steady performance growth and improvement in credit metrics.  In
addition, S&P would also have to be comfortable with the company's
longer term financial policy with regard to share repurchases and
dividends and be convinced that debt leverage would be sustained
below 3x through the gaming cycle.


GO DADDY: S&P Assigns 'BB-' Rating on Proposed $2.7BB Facility
--------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '3'
recovery rating to Go Daddy Operating Co. LLC's proposed
$2.7 billion credit facility, comprising a $200 million first-lien
revolver, undrawn at close, and $2.5 billion first-lien term loan.
The '3' recovery rating indicates S&P's expectation for meaningful
(50%-70%; lower end of the range) recovery in a default scenario.
S&P expects the company to use the proceeds from this offering to
retire its existing secured debt of approximately $1.1 billion, and
use the remainder to fund the acquisition of Host Europe Group and
pay related fees and expenses.  The transaction will not materially
affect leverage.  

S&P's 'BB-' corporate credit rating and negative outlook on Go
Daddy remain unchanged.

Go Daddy provides an assortment of Internet services, including
website building and hosting, that enable users to benefit from a
dynamic Web presence.  The company also offers business
applications that provide consumers with a host of services, from
domain-specific e-mail to e-mail marketing.

RATINGS LIST

Go Daddy Operating Co. LLC
Corporate Credit Rating                    BB-/Negative/--

New Rating

Go Daddy Operating Co. LLC
Senior Secured
$200 mil. first-lien revolver             BB-
  Recovery Rating                          3L
$2.5 bil. first-lien term loan            BB-
  Recovery Rating                          3L


HC2 HOLDINGS: Tack-On Offering Credit Negative, Moody's Says
------------------------------------------------------------
Moody's Investors Service said HC2 Holdings Inc. proposed $45
million tack-on to its existing $307 million senior secured notes
is credit negative. A portion of the proceeds from the offering
will be used to modestly enhance the company's liquidity position,
but the debt issuance will also raise its already elevated
financial leverage and weigh on its other weak credit metrics. The
company's B3 corporate family rating and stable outlook remain
unchanged at the present time.

Located in New York, New York, HC2 Holdings Inc. is a holding
company whose principal focus is on acquiring or entering into
combinations with businesses in diverse segments. The company's
principal holdings include controlling interests in DBM Global, a
North American steel fabrication and erection company and Global
Marine Systems Limited, a UK-based offshore engineering company,
focused on subsea cable installation and maintenance. In addition
to DBM and Global Marine, HC2 owns or has investments in other
businesses, including in the telecommunications services (PGTi,
Novatel Wireless), life sciences (Genovel Orthopedics, MediBeacon),
energy (American Natural Gas), and gaming (Gaming Nation,
Dusenberry Martin Racing) sectors. HC2 generated $1.5 billion in
revenues during the trailing 12 months ended Sept. 30, 2016.


HEXION INC: Offering $225 Million Senior Secured Notes due 2022
---------------------------------------------------------------
Hexion Inc. issued a news release announcing its intention to offer
new senior secured notes due 2022.

On Jan. 25, 2017, the Company priced $225,000,000 aggregate
principal amount of 13.75% Senior Secured Notes due 2022 at an
issue price of 100.000%, which includes an increase in total size
of the offering of the notes of $25,000,000 from $200,000,000.  The
closing of the offering of the notes is expected to occur on Feb.
8, 2017, and is subject to customary conditions.

                         About Hexion Inc.

Hexion Inc., formerly known as Momentive Specialty Chemicals, Inc.,
headquartered in Columbus, Ohio, is a producer of thermoset resins
(epoxy, formaldehyde and acrylic).  The Company is also a supplier
of specialty resins for inks and specialty coatings sold to a
diverse customer base as well as a producer of commodities such as
formaldehyde, bisphenol A, epichlorohydrin, versatic acid and
related derivatives.

Hexion reported a net loss attributable to the Company of $40
million on $4.14 billion of net sales for the year ended Dec. 31,
2015, compared to a net loss attributable to the Company of $223
million on $5.13 billion of net sales for the year ended Dec. 31,
2014.  As of Sept. 30, 2016, Hexion had $2.18 billion in total
assets, $4.59 billion in total liabilities and a total deficit of
$2.41 billion.

                          *     *     *

The TCR reported on Oct. 3, 2014, that Standard & Poor's Ratings
Services lowered its corporate credit rating on Momentive Specialty
by one notch to 'CCC+' from 'B-'.  "The downgrade follows MSC's
significant use of cash in the first half of 2014 and our
expectation that lackluster cash flow from operations and elevated
capital spending will cause free operating cash flow to be
significantly negative in 2014 and 2015," said Standard & Poor's
credit analyst Cynthia Werneth.

As reported by the TCR on Jan. 24, 2017, Moody's Investors Service
lowered the Corporate Family Rating (CFR) of Hexion Inc. to 'Caa2'.
Hexion's 'Caa2' CFR reflects its elevated leverage of over 9
times, weak cash flow from operations and negative free cash flow.


HISPANICA INTERNATIONAL: Limited Revenues Cast Going Concern Doubt
------------------------------------------------------------------
Hispanica International Delights of America, Inc., filed with the
U.S. Securities and Exchange Commission its quarterly report on
Form 10-Q, disclosing a net loss of $903,274 on $608,039 of product
sales for the three months ended November 30, 2016, compared to a
net loss of $251,623 on $37,963 of product sales for the same
period in 2015.

For the six months ended November 30, 2016, the Company listed a
net loss of $1.93 million on $1.26 million of product sales,
compared to a net loss of $277,435 on $167,834 of product sales for
the same period in the prior year.

The Company's balance sheet at November 30, 2016, showed total
assets of $1.33 million, total liabilities of $1.06 million, and a
stockholders' equity of $268,181.

Several conditions and events cast substantial doubt about the
Company's ability to continue as a going concern.  The Company has
incurred net losses from inception of approximately $2,745,000, has
limited revenues and requires additional financing in order to
finance its business activities on an ongoing basis.  The Company's
future capital requirements will depend on numerous factors
including, but not limited to, continued progress in finding
business opportunities.

At November 30, 2016, the Company had cash on hand of $392,934, and
an accumulated deficit of approximately $2,745,000.

A full-text copy of the Company's Form 10-Q is available at:
                
                   https://is.gd/0SjmMN

Hispanica International Delights of America, Inc., is engaged in
the distribution of proprietary, licensed and third party Hispanic
and ethnic food and beverages throughout the United States.


HOMER CITY: Court OKs Assumption of Morgan Stanley Engagement
-------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Homer City Generation's redacted motion for an order authorizing
(a) assumption of engagement letter between the Debtor and Morgan
Stanley Senior Funding, as lead arranger for exit or other
financing; (b) payment of related fees and expenses and (c)
indemnification of Morgan Stanley Senior Funding.  As previously
reported, "The Debtor executed an engagement letter (the
'Engagement Letter') with Morgan Stanley Senior Funding on December
13, 2016. Pursuant to the Engagement Letter, Morgan Stanley has
agreed to act as the sole lead arranger, sole bookrunner and/or
lender, as applicable, of any secured or unsecured, senior,
subordinated or mezzanine, loan or credit facility (including but
not limited to letters of credit or any debtorin-possession
financing that is by its terms convertible into exit financing) for
the Debtor and/or any of its subsidiaries or affiliates in
connection with any bankruptcy-related debt financing of the Debtor
and/or the Homer City Generating Station, other than a 'Qualified
DIP Financing' (the 'Exit Facility'). Following emergence from
chapter 11, the Debtor plans to utilize the funds available under
the Exit Facility to (i) fund distributions, costs, and expenses
contemplated by the Plan, (ii) provide letters of credit or other
credit support to replace GE guarantees of certain Homer City
obligations as required under the Plan and the RSA, and (iii) fund
general working capital and for general corporate purposes of the
Debtor. As an inducement to Morgan Stanley to enter into the
Engagement Letter, the Debtor agreed to pay certain fees in
connection with the Exit Facility." The Court also approved the
Debtors' motion to file the engagement letter under seal.

                     About Homer City

Homer City Generation, L.P., is the owner of a coal-fired,
independent power production plant located in Homer City,
Pennsylvania, about 45 miles east of Pittsburgh.

Non-debtor EFS Homer City, LLC owns 95.04% of the partnership
interests of Homer City. Metropolitan Life Insurance Company, which
is also not a Debtor in these cases, owns 4.96% of the partnership
interests of Homer City.

Homer City filed a voluntary case under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 17-10086) on Jan. 11,
2017. The case has been assigned to Judge Mary F. Walrath. At the
time of filing, the Debtor estimated assets at $1 billion to $10
billion and liabilities at $500 million to $1 billion.

The Debtor is represented by Joseph Charles Barsalona II, Esq.,
Mark D. Collins, Esq., Andrew Dean, Esq. and Russell C.
Silberglied, Esq. at Richards Layton & Finger PA; PJT Partners LP
serves as its financial advisor and Zolfo Cooper Management LLC as
its restructuring advisor. Epiq Bankruptcy Solutions, LLC serves as
the Debtor's claims and administrative advisor.

O'Melveny and Myers LLP and Young Conaway Stargatt & Taylor, LLP
serve as legal advisors to the ad hoc group of noteholders and
Houlihan Lokey serve as the financial advisor to the ad hoc group
of noteholders.


HORIZON GLOBAL: Moody's Affirms B2 Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service affirmed Horizon Global Corporation's B2
Corporate Family Rating (CFR), B2-PD Probability of Default Rating
(PDR) and Speculative Grade Liquidity Rating of SGL-3.
Concurrently, Moody's upgraded the existing senior secured term
loan B rating to B1 from B2, following Horizon's announcement of
its expected paydown by approximately $157.5 million. The lower
portion of senior secured debt in Horizon's capital structure
results in a lower expected loss and a one notch lift from the CFR
under Moody's Loss Given Default methodology. The outlook is
stable.

Horizon used partial proceeds of a $74 million equity offering and
a $110 million convertible notes offering (not rated) to reduce its
debt borrowings. Pro-forma for the transaction, the first lien term
loan balance will be approximately $172.5 million.

Moody's affirmed Horizon's ratings because its good performance and
positive projected free cash flow provide capacity to continue to
reduce leverage. In October 2016, Horizon acquired Germany-based
WESTFALIA - Automotive Holding GmbH and its sister company TeIJs
Holdings B.V. Pro-forma for the acquisitions and the raise of
equity and convertible notes, Horizon's debt-to-EBITDA leverage
will be at 4.7x (LTM 9/30/2016 incorporating Moody's standard
adjustments). Moody's believes that EBITDA (pro-forma for the
Westfalia acquisition) will increase modestly in 2017 and projects
that the company will have the ability to reduce its Moody's
adjusted debt-to-EBITDA leverage to the low 4x range. Horizon
anticipates gaining significant synergies from these acquisitions.
The synergies include corporate reorganization, supply chain
improvement and facilities consolidation and amount to
approximately $10 million in the first year.

The following ratings were affirmed:

Corporate Family Rating, affirmed at B2;

Probability of Default Rating, affirmed at B2-PD;

Speculative grade liquidity at SGL-3

The following ratings were upgraded:

$172.7 million (remaining amount) senior secured first lien term
loan due 2021, upgraded to B1 (LGD3) from B2 (LGD4)

The outlook is maintained at stable.

RATINGS RATIONALE

The B2 Corporate Family Rating reflects Horizon Global
Corporation's modest scale, exposure to cyclical end markets, high
leverage relative to peers and focus on growth through
acquisitions. These considerations are partially mitigated by the
company's good portfolio of brands within its two largest markets
(the US and Australia) in addition to diversification across sales
channels. Horizon also has good aftermarket presence (approximately
40% of revenue). Moody's projects that Horizon's moderate
debt-to-EBITDA leverage (approximately 4.7x LTM 9/30/2016
incorporating Moody's standard adjustments) will decline over the
next 12 months as the company achieves cost savings. However,
leverage is vulnerable to swings based on potential EBITDA
volatility and debt-funded acquisitions.

Horizon's liquidity profile is adequate, supported by one-year
average availability of approximately $65 million under a $99
million ABL revolving credit facility expiring in July 2020 (not
rated) and positive projected free cash flow.

The stable rating outlook is based on Moody's expectations that the
company's performance and business profile over the next 12 to 18
months will continue to reflect metrics consistent with the current
rating.

Factors that could result in a lower rating include debt / EBITDA
in the 6x area, EBITA / interest under 1.5x, and EBITA margins
below 5%. Other factors that could result in downward pressure on
the rating include a decline in market position within key markets,
the US and Australia, free cash flow being applied towards equity
distributions at the expense of reducing leverage, or significant
debt-financed acquisitions.

Factors that could support a higher rating include greater scale,
sustained debt / EBITDA of under 4.0x, and EBITA / interest above
2.25x, and EBITA margins above 7%. Demonstrated success in
diversifying the company's revenue base from its large
concentration in the US would also benefit the rating.

Horizon, headquartered in Troy, Michigan, is a manufacturer and
distributor of towing, trailer, cargo management and other products
primarily for the automotive market. In October 2016, Horizon
acquired WESTFALIA -- Automotive Holding GmbH and its sister
company TeIJs Holdings B.V. Pro-forma for the acquisition,
Horizon's main geographic regions include US (approximately 50% of
LTM June 2016 revenue), Europe (34%) and Australia (9%). Horizon
was spun off from TriMas Corporation in June 2015. Pro-forma for
the acquisitions, revenue for the 12 months ended September 2016
was approximately $840 million.

The principal methodology used in these ratings was Global
Automotive Supplier Industry published in June 2016.


HYLAND SOFTWARE: Moody's Raises Corporate Family Rating to B2
-------------------------------------------------------------
Moody's Investors Service upgraded Hyland Software, Inc.'s
corporate family ("CFR") and probability of default ratings by one
notch to B2 and B2-PD respectively. Moody's also affirmed the
existing first lien credit facilities ratings at B2 and assigned a
B2 rating to the incremental first lien credit facility. The rating
outlook is stable.

The proceeds from i) an increase in the first lien term loan of
$155 million and ii) a nominal amount of cash from the balance
sheet will be used to i) repay the $155 million senior secured
second lien term loan in full and ii) pay fees and expenses. The
amount of the revolver will be unchanged at $40 million and is
expected to be unfunded at closing.

The upgrade of the corporate family rating to B2 from B3 reflects
Moody's expectation for a continuation of Hyland's solid revenue
and profitability growth and an expectation that Hyland will
continue to generate free cash flow to debt of at least the
mid-single digits.

RATINGS RATIONALE

Hyland's B2 corporate family rating incorporates the company's high
business risks resulting from its modest operating scale relative
to some of its competitors and its limited product portfolio
focused on a niche segment within the Enterprise Content Management
("ECM") software market. The B2 CFR is supported by Hyland's
competitive market position in the mid-market segment, and its
well-regarded industry verticals-focused product offerings in a
growing ECM software market. The company has low customer revenue
concentration and derives over 50% of its revenues from maintenance
and subscription contracts that are highly recurring in nature. The
rating incorporates Hyland's healthy revenue growth prospects and
Moody's expectation that Hyland could lever up periodically, but
then de-lever over time. Hyland's Adjusted Debt to EBITDA was about
5.7x at September 30, 2016 and Moody's expects leverage to decline
to around 5.5x (Moody's adjusted) over the next 12 months, absent
another acquisition or leveraging dividend. Moody's expects solid
free cash flow ("FCF") (mid to high single digit percentages of
total debt) driven by revenue growth.

Moody's expects Hyland to maintain good liquidity over the next 12
months, comprising solid FCF (before dividend payments), generally
full availability under their $40 million revolving credit facility
and a cash balance of at least $50 million (excluding any material
acquisitions and dividends). At LTM September 30, 2016 cash was
about $87 million. Hyland's estimated uses of liquidity includes
annual first lien term loan amortization of 1% and mandatory debt
repayment from excess cash flow. Moody's expect Hyland's cash flow
to exhibit seasonality through the fiscal year as the company bills
a substantial portion of its maintenance contracts in Q4 and it
collects cash typically during the November through February
period. Hyland's first-lien credit agreement contains a springing
maintenance covenant, which is only in effect when there are
borrowings under the revolver. There were no outstanding borrowings
under the revolver as of September 30, 2016. Moody's expect the
company will have solid headroom under its covenants.

The B2 rating on the first lien credit facility reflects the all
first lien capital structure after the pending repayment of the
second lien term loan. The amended first lien credit facility is
expected to provide for an incremental debt basket of the greater
of i) $150 million and ii) 75% of Consolidated EBITDA plus
unlimited amounts up to certain leverage levels. Other changes
include amending certain covenants to make them less restrictive
and re-pricing the first lien term loan to a lower interest rate.

The stable outlook reflects Moody's expectation of leverage around
5.5x over the next 12 months. Moody's also expect Hyland to
maintain good liquidity and generate organic revenue growth in the
mid to high single digit percentages.

Given Hyland's limited operating scale and product portfolio and
its high financial risk tolerance under financial sponsors, a
ratings upgrade is not expected in the next 12 to 18 months.
However, Hyland's ratings could be upgraded over time if it
demonstrates a meaningful increase in profits and operating cash
flow, and if Moody's believe that the company will maintain
leverage below 5.0x.

Moody's could downgrade Hyland's ratings if the company's operating
performance deteriorates as evidenced by weak operating cash flow
generation. Hyland's ratings could be downgraded if Moody's expects
the company's total debt to EBITDA (Moody's adjusted) leverage to
remain above 6.75x or its FCF remains in the low single digit
percentages of total debt for an extended period of time.
Additionally, deterioration in liquidity, or a material degradation
in the company's business or financial risk profile resulting from
a large transformative acquisition or a large dividend could
trigger a downgrade.

Moody's has taken the following ratings actions:

Issuer: Hyland Software, Inc.

Corporate Family Rating: - Upgraded to B2 from B3

Probability of Default Rating: - Upgraded to B2-PD from B3-PD

Existing First Lien Revolving Credit Facility -- Affirmed B2 (LGD
4 from LGD 3)

Existing First Lien Term Loan -- Affirmed B2 (LGD 4 from LGD 3)

Incremental First Lien Term Loan -- Assigned B2 (LGD 4)

Outlook: Stable

The following ratings will be withdrawn, upon being paid in full

Existing Senior Secured Second Lien Term Loan: - Caa2 (LGD 6)

Headquartered in Westlake, OH, Hyland Software, Inc. ("Hyland")
provides Enterprise Content Management ("ECM") software that
combines document management, business process management and
records management solutions. The company primarily focuses on the
mid-market segment and divisions of large organizations. Hyland
generated approximately $409 million in revenue during the LTM
period ended September 30, 2016. Funds affiliated to private equity
firm Thoma Bravo own a majority common equity interest in Hyland.

The principal methodology used in these ratings was Software
Industry published in December 2015.


IMAGEWARE SYSTEMS: Amends $15 Million Prospectus with SEC
---------------------------------------------------------
Imageware Systems. Inc. filed with the Securities and Exchange
Commission an amended Form S-3 registration statement in connection
with the offering of common stock, preferred stock,
warrants and rights with an initial offering price of $15,000,000.

The Company amended the Registration Statement to delay its
effective date.

In addition, certain of the Company's stockholders may, from time
to time, offer and sell up to an aggregate of up to 6,021 shares of
the Company's Series G Convertible Preferred Stock and up to
6,000,000 shares of the Company's common stock in one or more
offerings.  

The Company's common stock is quoted on the OTCQB Marketplace under
the symbol "IWSY".  The last reported sale price of our common
stock on Jan. 27, 2017, was $1.29 per share.

A full-text copy of the amended Form S-3 prospectus is available
for free at https://is.gd/OLZe01

                   About ImageWare Systems

Headquartered in San Diego, California, ImageWare Systems, Inc.,
is a leader in the emerging market for software-based identity
management solutions, providing biometric, secure credential, law
enforcement and enterprise authorization.  Its "flagship" product
is the IWS Biometric Engine.  Scalable for small city business or
worldwide deployment, the Company's biometric engine is a multi-
biometric platform that is hardware and algorithm independent,
enabling the enrollment and management of unlimited population
sizes.  The Company's identification products are used to manage
and issue secure credentials, including national IDs, passports,
driver licenses, smart cards and access control credentials.  Its
law enforcement products provide law enforcement with integrated
mug shot, fingerprint LiveScan and investigative capabilities.
The Company also provides comprehensive authentication security
software.

Imageware Systems reported a net loss available to common
shareholders of $9.59 million on $4.76 million of revenues for the
year ended Dec. 31, 2015, compared to a net loss available to
common shareholders of $7.99 million on $4.15 million of revenues
for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Imageware had $5.87 million in total assets,
$6.05 million in total liabilities and a total shareholders'
deficit of $186,000.


IMAGEWARE SYSTEMS: Extends Maturity of Goldman Note to Dec. 2017
----------------------------------------------------------------
In connection with the consummation of the Series G Financing,
ImageWare Systems, Inc., and Neal Goldman, a member of the
Company's Board of Directors, agreed to enter into the fifth
amendment to the convertible promissory note previously issued by
the Company to Mr. Goldman on March 27, 2013, to provide the
Company with the ability to borrow up to $5.5 million under the
terms of the Goldman Line of Credit, bringing the total amount the
Company may borrow under its existing lines of credit to $6
million.  In addition, the Maturity Date was amended to be Dec. 31,
2017.  The Line of Credit Amendment was executed on Jan. 23, 2017.


In addition, on Jan. 23, 2017, the Company and Charles Crocker,
also a member of the Board of Directors of the Company, amended the
line of credit and promissory note, dated March 9, 2016, to extend
the maturity date thereof to Dec. 31, 2017.  No other amendments
were made to the Crocker LOC.

                   About ImageWare Systems

Headquartered in San Diego, California, ImageWare Systems, Inc.,
is a leader in the emerging market for software-based identity
management solutions, providing biometric, secure credential, law
enforcement and enterprise authorization.  Its "flagship" product
is the IWS Biometric Engine.  Scalable for small city business or
worldwide deployment, the Company's biometric engine is a multi-
biometric platform that is hardware and algorithm independent,
enabling the enrollment and management of unlimited population
sizes.  The Company's identification products are used to manage
and issue secure credentials, including national IDs, passports,
driver licenses, smart cards and access control credentials.  Its
law enforcement products provide law enforcement with integrated
mug shot, fingerprint LiveScan and investigative capabilities.
The Company also provides comprehensive authentication security
software.

Imageware Systems reported a net loss available to common
shareholders of $9.59 million on $4.76 million of revenues for the
year ended Dec. 31, 2015, compared to a net loss available to
common shareholders of $7.99 million on $4.15 million of revenues
for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Imageware had $5.87 million in total assets,
$6.05 million in total liabilities and a total shareholders'
deficit of $186,000.


IMPLANT SCIENCES: Equity Panel Objects to Investment Banker's Fees
------------------------------------------------------------------
Vince Sullivan, writing for Bankruptcy Law360, reports that the
committee of equity holders of Implant Sciences Corporation filed
with the U.S. Bankruptcy Court in the District of Delaware an
objection to the fee application of the Debtor's investment banker.
According to Law360, the Equity Committee claims that the adviser
failed to disclose a prior business relationship between the
Debtor, its secured lenders, and the adviser.  The Equity Committee
said it discovered the conflict of Chardan Capital Markets LLC when
Implant Sciences' secured lenders objected to the Equity
Committee's motion for standing to pursue causes of action against
the lenders, Law360 relates.

                      About IMX Acquisition

IMX Acquisition Corp., also known as Ion Metrics Inc., and its
affiliates, comprise a leading designer and manufacturer of
systems and sensors that detect trace amounts of explosives and
drugs.  Their products, which include handheld and desktop
detection devices, are used in a variety of security, safety, and
defense industries, including aviation, transportation, and customs
and border protection.  The Debtors have sold more than 5,000 of
their detection products to customers such as the United States
Transportation Security Administration, the Canadian Air
Transportation Security Authority, and major airports in the
European Union.

IMX Acquisition Corp. sought Chapter 11 protection (Bankr. D. Del.
Case No. 16-12238) on Oct. 10, 2016.  Its affiliates, Implant
Sciences, C Acquisition Corp. and Accurel Systems International
Corp. also sought Chapter 11 protection.  The cases are assigned to
Judge Brendan Linehan Shannon.

IMX estimated assets and liabilities in the range of $100 million
to $500 million.  The Debtors tapped Paul V. Shalhoub, Esq. and
Debra C. McElligott, Esq. and Jennifer J. Hardy, Esq. at Willkie
Farr & Gallagher, LLP as counsel.

The petitions were signed by William J. McGann, president.

Andrew Vara, acting U.S. trustee for Region 3, on Oct. 24, 2016,
appointed Harold Coe and four others to serve on the official
committee of equity security holders.  Co-counsel to the Official
Committee of Equity Security Holders are William R. Baldiga, Esq.,
and Gerard T. Cicero, Esq., at Brown Rudnick LLP, in New York, and
Sunni P. Beville, Esq., at Brown Rudnick LLP, in Boston,
Massachusetts; and Mark Minuti, Esq., at Saul Ewing LLP, in
Wilmington, Delaware.  The Equity Committee tapped FTI Consulting,
Inc. as financial advisor.

Tannor Partners Credit Fund, LP., the New DIP Lender, is
represented in the case by Andrew M. Felner, Esq., at Sheppard,
Mullin, Richter & Hampton, LP.


INSIGHTRA MEDICAL: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Insightra Medical, Inc.
        9891 Irvine Center Drive, Suite 222
        Irvine, CA 92618

Case No.: 17-10179

Chapter 11 Petition Date: January 27, 2017

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Kevin Gross

Debtor's Counsel: Justin R. Alberto, Esq.
                  BAYARD, P.A.
                  222 Delaware Avenue, Suite 900
                  P.O. Box 25130
                  Wilmington, DE 19899
                  Tel: 302-429-4226
                  Fax: 302-658-6395
                  E-mail: jalberto@bayardlaw.com

                    - and -

                  GianClaudio Finizio, Esq.
                  BAYARD, P.A.
                  222 Delaware Avenue, Suite 900
                  Wilmington, DE 19801
                  Tel: (302) 655-5000
                  Fax: 302-658-6395
                  E-mail: gfinizio@bayardlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Oliver Pokk, authorized representative.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/deb17-10179.pdf


ITUS CORP: To Issue 947,606 Common Shares to Meetrix
----------------------------------------------------
ITUS Corporation filed with the Securities and Exchange Commission
a Form S-1 registration statement relating to the issuance by the
Company of 947,606 shares of common stock, par value $0.01 per
share, to Meetrix Communications, Inc.

The Company is issuing the shares in satisfaction of an obligation
owed by the Company to Meetrix in the amount of $4,775,934 pursuant
to the terms of that certain Patent Acquisition Agreement, dated
Nov. 11, 2013, by and between the Company and Meetrix.  The
Company's obligation to Meetrix is being satisfied at a price per
share of $5.04.

The Company's common stock is listed on the Nasdaq Capital Market
under the symbol "ITUS."  On Jan. 26, 2017, the last reported sale
price of the Company's common stock was $5.05 per share.

A full-text copy of the Form S-1 prospectus is available at:

                       https://is.gd/QdLe3k

                      About ITUS Corporation

ITUS Corp. -- http://www.ITUScorp.com/-- develops and acquires
patented technologies for the purposes of patent monetization and
patent assertion.  The company currently has 10 patent portfolios
in the areas of Key Based Web Conferencing Encryption, Encrypted
Cellular Communications, E-Paper(R) Electrophoretic Display, Nano
Field Emission Display ("nFED"), Micro Electro Mechanical Systems
Display ("MEMS"), Loyalty Conversion Systems, J-Channel Window
Frame Construction, VPN Multicast Communications, Internet
Telephonic Gateway, and Enhanced Auction Technologies.

CopyTele changed its name to "ITUS Corporation" on Sept. 2, 2014,
to reflect the Company's change in its business operations.

ITUS Corp reported a net loss of $5.01 million on $300,000 of total
revenue for the year ended Oct. 31, 2016, compared to a net loss of
$1.37 million on $9.25 million of total revenue for the year ended
Oct. 31, 2015.

As of Oct. 31, 2016, ITUS had $5.62 million in total assets, $4.64
million in total liabilities and $987,475 in total shareholders'
equity.

Haskell & White LLP, in Irvine, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Oct. 31, 2016, citing that the Company has limited
working capital and limited revenue-generating operations and a
history of net losses and net operating cash flow deficits. These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


KINGTONE WIRELESSINFO: BDO China Raises Going Going Doubt
---------------------------------------------------------
Kingtone Wirelessinfo Solution Holding Ltd. filed with the U.S.
Securities and Exchange Commission its annual report on Form 20-F,
disclosing a net loss of $160,000 on $1.19 million of total
revenues for the fiscal year ended September 30, 2016, compared to
a net income of $1.03 million on $8.82 million of total revenues
for the fiscal year ended September 30, 2015.

BDO China Shu Lun Pan Certified Public Accountants LLP issued a
"going concern" qualification on the consolidated financial
statements for the fiscal year ended September 30, 2016, stating
that the Company has incurred negative cash flows from operative
activities, and net losses.  The Company's viability is dependent
upon its ability to obtain future financing and the success of its
future operations.  These matters raise substantial doubt about the
Company's ability to continue as a going concern.

The Company's balance sheet at September 30, 2016, showed total
assets of $23.72 million, total liabilities of $4.03 million, all
current, and a stockholders' equity of $19.69 million.

A full-text copy of the Company's Form 20-F is available at:
                
                   https://is.gd/AxcgvB

Kingtone Wirelessinfo Solution Holding Ltd. is principally involved
in developing and implementing mobile enterprise solutions for its
customers in a broad variety of sectors and industries to improve
its operating efficiency by facilitating mission-specific field and
long-distance information management in wireless environments
through its variable interest entity (VIE), Kingtone Information.


LE BARON OUTDOOR: First Creditor's Meeting Set for February 6
-------------------------------------------------------------
The bankruptcies of Le Baron Outdoor Products Ltd., Le Baron
Outdoor Products (Dundas) Inc., Le Baron Outdoor Products
(Mississauga) Ltd., and Le Baron Outdoor Products (Toronto) Inc.
occurred on Jan. 17, 2017, and the first meetings of creditors will
be held on February 6, 2017, at 10:00 a.m., 10:15 a.m., 10:30 a.m.,
and 10:45 a.m., respectively at:

   Richter Advisory Group Inc.
   1981 McGill College, 11th Floor
   Montreal, Quebec H3A 0G6
   Tel: 514-934-3400
        1-888-805-1793
   Fax: 514-934-8603

Le Baron Outdoor Products Ltd. is located at 8601, Saint-Laurent
Blvd., Montreal, Quebec, Canada.


LESLIE'S POOLMART: S&P Affirms 'B' CCR Following L Catterton Deal
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on
Leslie's Poolmart Inc.  The outlook is stable.

Pool supply retailer Leslie's Poolmart Inc. has announced that it
will be acquired by new financial sponsor L Catterton.  The current
capital structure will be rolled over, with the balance being
funded by an incremental $50 million add-on to the term loan B and
sponsor equity.

At the same time, S&P affirmed the 'B' issue-level rating on the
company's $860 million term loan B.  The recovery rating on the
term loan remains '4', indicating S&P's expectation for modest
recovery in the event of a default at the high end of the 30% to
50% range.

"The affirmation follows the announced transaction and highlights
our belief that Leslie's new ownership will not result in any
meaningful changes to the company's strategy or operating
performance.  We expect the company will be able to meaningfully
deleverage over the next 12 months, primarily driven by profit
growth and moderate debt repayment," said credit analyst Andrew
Bove. "The company has a history of relatively consistent and
stable operating performance, and has also shown its ability to
improve credit metrics following leveraging events.  Leslie's is a
leading operator in a very stable pool supply industry that
continues to show modestly positive growth in number of pools.  We
view many of the pool maintenance products that the company sells
as non-discretionary, as they are essential for the upkeep of these
pools.  We believe these industry dynamics, combined with the
company's in-depth knowledge of the pool supply industry, will
result in continued stable operating performance and profit growth
over the next 12-24 months."

The stable outlook on Leslie's reflects S&P's expectation that the
company will continue to open new stores and increase profits over
the next 12 months.  Leverage is currently in the mid-6.0x
immediately following this transaction, and S&P expects to see
consistent improvement over the next 12 months driven by profit
growth and moderate debt repayment.  S&P forecasts that leverage
will improve to the high-5.0x area at fiscal year-end 2017.

S&P could lower its ratings if the company is unable to improve
credit metrics through profit growth over the next 12 months,
leading to debt to EBITDA remaining in the mid-6.0x area or higher.
This could happen if the company's biggest markets in the South
and West regions experience unexpectedly cold and wet conditions
throughout the 2017 summer season.  Unsuccessful future
acquisitions could also have a negative impact on performance.
Under this scenario, gross margin in fiscal 2017 would decrease 100
bps below S&P's forecast, and sales would grow only in the mid- to
high-single digits (compared with our forecast of low-double
digits).

Although unlikely in the next year, S&P could raise the ratings if
the company improves credit metrics meaningfully faster than S&P's
base-case forecast.  This would happen through a combination of
strong operating performance, and considerable debt repayment such
that debt leverage would remain below the 5.0x area on a sustained
basis.  This scenario would also require S&P to believe that the
new financial sponsor will adopt a more conservative financial
policy, which has historically been geared toward periodically
issuing debt-funded dividends to grow the company's capital
structure with its profit base.


LSF 10 CEDAR: S&P Assigns 'B' CCR; Outlook Stable
-------------------------------------------------
S&P Global Ratings said it assigned its 'B' corporate credit rating
to Roswell, Ga.-based Arclin.  The outlook is stable.

At the same time, S&P assigned its 'B+' issue-level rating (one
notch above the corporate credit rating) to Arclin's proposed
$465 million first-lien senior secured term loan due 2024.  The '2'
recovery rating on the facility indicates S&P's expectation for
substantial (70%-90%; higher half of the range) recovery in the
event of a payment default.  The borrower of the first-lien and
second-lien term loan is New Arclin U.S. Holding Corp.

In addition, S&P assigned its 'CCC+' issue-level rating (two
notches below the corporate credit rating) to Arclin's proposed
$140 million second-lien senior secured term loan due 2025.  The
'6' recovery rating on the facility indicates S&P's expectation for
negligible (0%-10%) recovery in the event of a payment default.

"The stable rating outlook reflects our expectation that Arclin
will maintain adjusted debt to EBITDA between 4.5x and 5.5x and FFO
to debt between 9% and 12% over the next 12 month horizon," said
S&P Global Ratings credit analyst Kimberly Garen.  "These metrics
are supported by continued growth in residential and nonresidential
construction, as well as repair and remodeling spending in the U.S.
We expect Arclin will improve margins through cost and operational
improvements and increased pricing."

S&P believes that a downgrade is unlikely within the next 12 months
based on its favorable view of industry fundamentals. However, S&P
could lower the ratings if there is a slowdown in residential and
commercial construction as well as less repair and remodeling
activity.  S&P could take a negative rating action if the company
took on a more aggressive financial policy, incurring additional
debt to fund acquisitions or dividends such that leverage rose
above 7x on a sustained basis.

S&P believes that an upgrade is unlikely within the next 12 months
due to the company's financial sponsor ownership and S&P forecasts
leverage will remain at about 5x.  S&P anticipates its business
risk profile assessment will remain unchanged absent a meaningful
expansion in size and scale that boosts revenue while maintaining
EBITDA margins.  S&P could also take a positive rating action if
Arclin's adjusted leverage was sustained below 5x for a prolonged
period, along with a commitment from Lone Star to maintain leverage
below this level.


MANOR VENTURES: Case Summary & 5 Unsecured Creditors
----------------------------------------------------
Debtor: Manor Ventures LLC
        c/o Lowenthal & Kofman, PC
        2001 Flatbush Avenue
        Brooklyn, NY 11234

Case No.: 17-40361

Chapter 11 Petition Date: January 29, 2017

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Debtor's Counsel: David M. Graubard, Esq.
                  KERA & GRAUBARD
                  71-18 Main Street
                  Flushing, NY 11367
                  Tel: (212) 681-1600
                  Fax: (212) 681-1601
                  E-mail: dgraubard@keragraubard.com

Total Assets: $2.22 million

Total Liabilities: $1.52 million

The petition was signed by Charles Kofman, managing member.

A copy of the Debtor's list of five unsecured creditors is
available for free at http://bankrupt.com/misc/nyeb17-40361.pdf


MARGARET BARNES: Loses Appeal in Malpractice Suit Against Ozarks
----------------------------------------------------------------
Shayna Posses, writing for Bankruptcy Law360, reports that the
Arkansas appeals court has affirmed a ruling by a Benton County
court, tossing Reuben and Margaret Barnes' medical malpractice
lawsuit against Ozarks Community Hospital of Gravette Clinic and
Dr. William F. Webb.  Law360 relates that the Court found that the
couple lacked standing to bring their June 2014 medical malpractice
action because their bankruptcy trustee hadn't yet abandoned the
claim when they filed the lawsuit.  The couple claimed that Dr.
Webb failed to diagnose Mr. Barnes' Rocky Mountain spotted fever.

Ozarks Community Hospital, Inc., runs clinics in Webb City and
Mount Vernon, and a hospital in Gravette, Arkansas.  It filed a
Chapter 11 petition on July 1, 2008 (Bankr. W.D. Mo. Case No.
08-61189).  The case was terminated on May 29, 2009.

Margaret Jean Barnes filed for Chapter 11 bankruptcy protection
(Bankr. E.D. Va. Case No. 12-14573) on July 25, 2012.  The case was
terminated on Feb. 8, 2013.


MICROFIBRES INC: Judge Agrees to Seal WARN Act Settlement
---------------------------------------------------------
The American Bankruptcy Institute, citing Richard Craver of
Winston-Salem Journal, reported that a U.S. Bankruptcy Court judge
agreed to seal the financial settlement reached in the WARN Act
compensation dispute between defunct Microfibres Inc. and
plaintiffs certified for a class-action lawsuit.

According to the  report, the reaching of a settlement was
disclosed Jan. 13.  The lead plaintiff is former Winston-Salem
employee Cedric Williams, the report related.

A hearing on the seal agreement has been set for 10:45 a.m. Feb. 8
in the U.S. Bankruptcy Court in Rhode Island, the report said.

Microfibres, based in Pawtucket, R.I., filed for Chapter 7
voluntary bankruptcy protection in January 2016 with plans to
liquidate its assets -- the same day it closed its plants in
Winston-Salem and Pawtucket, the report added.

The local workforce was at 270 employees in 2004, the report said.
About 125 employees in Winston-Salem and 60 in Pawtucket were
projected to be covered by federal Worker Adjustment and Retraining
Notification, or WARN, protections, the report further related.

The plaintiffs asked for at least $1.5 million in damages and
priority administrative claim status for the first $12,745 of each
employee’s claim, meaning they typically would be first in line
after secured creditors were paid, the report said.

Williams' attorneys said sealing the settlement "protects the
privacy of the employees by preventing the unnecessary disclosure
of the employment information to the public at large," the report
added.


MODULAR SPACE: Court Approves Restructuring Support Agreement
-------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court issued
an order approving Modular Space Holdings' restructuring support
agreement (RSA).  As previously reported, "By this Motion, the
Debtors seek authority to assume (i) the RSA negotiated by the
Debtors, the ABL Lenders comprising holders of 100% in the
aggregate outstanding amount of the ABL Facility, certain of the
Debtors' Noteholders comprising holders of approximately 94% of the
outstanding Secured Notes (the 'Consenting Noteholders') and
certain investment funds owned or managed by Calera Capital
Advisors (including Calera Capital Partners II, Calera VI, Calera
XI, Calera Capital Offshore Partners II, Calera Capital Partners
III, and any other investment funds owned or managed by Calera
Capital Advisors that hold common stock of Holdings, 'Calera'), the
holder of approximately 91.9% of equity interests in Holdings
(collectively, the 'RSA Parties'), pursuant to which the RSA
Parties have agreed to support the Plan.  Moreover, prompt
assumption of the RSA is essential for the preservation of the
consensual deal through which the Debtors intend to effectuate a
reorganization.  If confirmed, the Plan will implement the agreed
restructuring of the Debtors' obligations to the Noteholders,
providing each Noteholder with a pro rata share of 9,122,999 shares
of equity of a reorganized entity, to be determined in accordance
with the Plan, which will own, directly or indirectly, 100% of the
equity interests in Modular Space Corporation as of the Effective
Date (the 'Reorganized Entity'), along with the ability to
participate in a rights offering of $90 million in the Reorganized
Entity (the 'Rights Offering') pursuant to which the Noteholders
may subscribe to purchase their pro rata share of an additional
18,317,500 shares of equity in the Reorganized Entity."

                       About Modular Space

Modular Space Corporation (ModSpace), based in Berwyn, Pa. --
http://Blog.ModSpace.com/-- is the largest U.S.-owned provider of
office trailers, portable storage units and modular buildings for
temporary or permanent space needs. Building on nearly 50 years of
experience, ModSpace serves a diverse set of customers and markets
including commercial, construction, education, government,
healthcare, industrial, energy, disaster relief, franchise and
special events through an extensive branch network across the
United States and Canada.

On Dec. 21 2016, Modular Space Holdings, Inc., and six affiliates
filed voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. D. Del. Case No. 16-12825 to
16-12831) to pursue a prepackaged plan of reorganization.  The
cases are pending joint administration under Case No. 16-12825
before the Honorable Kevin J. Carey.

ModSpace estimated $1 billion to $10 billion in assets and
liabilities.

Cleary Gottlieb Steen & Hamilton LLP is acting as legal counsel for
the Company; Lazard Middle Market LLC and Lazard Freres & Co. LLC
are acting as the Company's investment bankers and Zolfo Cooper is
the Company's financial advisor.  Kurtzman Carson Consultants is
the claims and noticing agent.

Dechert LLP is acting as legal counsel, and Moelis & Company LLC is
acting as financial advisor to the ad hoc group of noteholders.

                           *     *     *

Modular Space Corporation filed a Prepackaged Plan of
Reorganization that will eliminate approximately $400 million of
debt from the Company's balance sheet, provide $90 million of new
equity capital from the bondholders via a rights offering and
include a new $719 million credit facility to be provided by the
existing asset based lenders (the "Lenders").

General unsecured claims, to the extent not paid earlier by order
of the Court, would either be paid in full in cash or reinstated on
the Effective Date.  However, under certain conditions, the Plan
affords the noteholders the right to direct the Debtors (subject to
certain consent rights) to pursue an "alternative transaction."


MODULARE INC: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Modulare, Inc.
        9891 Irvine Center Drive
        Suite 222
        Irvine, CA 92618

Case No.: 17-10178

Chapter 11 Petition Date: January 27, 2017

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Kevin Gross

Debtor's Counsel: Justin R. Alberto, Esq.
                  BAYARD, P.A.
                  222 Delaware Avenue, Suite 900
                  P.O. Box 25130
                  Wilmington, DE 19899
                  Tel: 302-429-4226
                  Fax: 302-658-6395
                  E-mail: jalberto@bayardlaw.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Oliver Pokk, authorized representative.

The Debtor has no unsecured creditor.

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

           http://bankrupt.com/misc/deb17-10178.pdf


MOSES INC: Taps REDW LLC as Accountant
--------------------------------------
Moses, Inc., seeks permission from the United States Bankruptcy
Court for the District of Arizona to employ Barry Friefield, CPE
and REDW, LLC to serve as accountant for Debtor.

The Debtor wishes to employ Barry Friefield, CPE and REDW as an
accountant to assist in preparing tax returns, tax filings and
other ordinary course accounting functions.

Other professional services that REDW may be requested to perform
include:

     -- assisting the Debtor with the compilation and presentation
of financial information to any parties in interest, as may be
required of or requested by Debtor;

     -- assisting the Debtor in estimating and evaluating claims
against the Debtor and otherwise evaluating the Debtor's financial
condition as directed by the Debtor and/or its counsel; and

     -- providing additional financial services as may be requested
by the Debtor's counsel or authorized by subsequent order of the
Court.

REDW will receive a retainer of $20,000. REDW will hold the $20,000
as a retainer and will not receive payment until entry of a Court
order authorizing payment, after application, notice and
opportunity for a hearing. In the event additional work within the
scope of this Application is requested by the Debtor, certain
employees of REDW will work on Debtor's accounts and bill at their
normal hourly rates, which range from $95.00 to $315.00 per hour.

REDW has provided Moses accounting services during the past several
years, is an established and well respected certified public
accounting firm in Phoenix and has extensive experience in
preparing tax returns like the Debtor's.

Friefield attests that neither he nor any of the other employees at
REDW:

     (a) has any connection with Debtor, its creditors, or any
other party-in-interest, or any of their respective attorneys and
accountants, the United States Trustee, or any person employed in
the office of the United States Trustee;

     (b) holds or represents any interest adverse to the estate or
its creditors, by reason of any direct or indirect relationship to,
connection with, or interest in, the Debtor, or for any other
reason; or has been a director, officer or employee of Debtor.

The Firm can be reached through:

     Barry Friefield, CPE
     REDW, LLC
     5353 North 16th Street, Suite 200
     Phoenix, AZ 85016
     Tel: 602.730.3603
     Email: bfriefield@redw.com

                               About Moses, Inc.

Moses, Inc., based in Phoenix, Ariz., filed a Chapter 11 petition
(Bankr. D. Ariz. Case No. 16-09889) on August 26, 2016. The
petition was signed by Tom Guilfoy, chief restructuring officer.
The Debtor is represented by Christopher C. Simpson, Esq., at
Stinson Leonard Street LLP. The case is assigned to Judge Brenda
Moody Whinery. The Debtor disclosed $1.22 million in total assets
and $5.73 million in total liabilities.


MT YOHAI: Taps Goe & Forsythe as General Bankruptcy Counsel
-----------------------------------------------------------
MT Yohai, LLC, a Delaware limited liability company, seeks
permission from the United States Bankruptcy Court for the Central
District of California, Santa Ana Division, to employ Goe &
Forsythe, LLP as general bankruptcy counsel.

Services to be rendered by the Firm are:

     A. To advise and assist Debtor with respect to compliance with
the requirements of the United States Trustee;

     B. To advise Debtor regarding matters of bankruptcy law,
including the rights and remedies of Debtor in regard to her assets
and with respect to the claims of creditors;

     C. To represent or assist Debtor and/or other professionals in
any proceedings or hearings in the Bankruptcy Court and in any
action in any other court where Debtor's rights under the
Bankruptcy Code may be litigated or affected;

     D. To conduct examinations of witnesses, claimants, or adverse
parties and to prepare and assist in the preparation of reports,
accounts, and pleadings related to this Chapter 11 case;

     E. To advise Debtor concerning the requirements of the
Bankruptcy Court and applicable rules as the same affect Debtor in
this proceeding;

     F. To assist Debtor in negotiation, formulation, confirmation,
and implementation of a Chapter 11 plan of reorganization;

     G. To make any bankruptcy court appearances on behalf of
Debtor; and

     H. To take such other action and perform such other services
as Debtor may require of the Firm in connection with this Chapter
11 case.

The Firm has agreed to receive a retainer of $12,500.00. The Firm
received the retainer from Wilson Keadjian Browndorf, LLP. The Firm
is not a creditor of the Debtor as of the date and time of the
filing of the Petition.

Marc C. Forsythe declares that the Firm is a disinterested person
within the meaning of 11 U.S.C. Section 101(14). Furthermore, the
Firm does not have an interest adverse to Debtor’s estate in
accordance with 11 U.S.C. Section 327.

The Firm's current hourly rates are:

     Professionals     Hourly Rate
     -------------     -----------
     Robert P. Goe       $300.00
     Marc C. Forsythe    $300.00
     Associates
     Donald W. Reid      $300.00
     Charity J. Miller   $295.00
     Legal Assistants
     Kerry A. Murphy     $140.00

The Firm can be reached through:

     Marc C. Forsythe, Esq.
     Donald W. Reid, Esq.
     Charity J. Miller, Esq.
     GOE & FORSYTHE, LLP
     18101 Von Karman Avenue, Suite 1200
     Irvine, CA 92612
     Telephone: (949) 798-2460
     Facsimile: (949) 955-9437
     Email: mforsythe@goeforlaw.com
            dreid@goeforlaw.com
            cmiller@goeforlaw.com

                            About MT Yohai, LLC

Mt Yohai, LLC, a Delaware Limited Liability Company, headquatered
at Newport Beach, filed a Chapter 11 petition (Bankr. C.D. Cal.
Case No. 16-15157 ) on December 21, 2016.  The petition was signed
by Jeffrey Yohai, managing member.  The Hon. Catherine E. Bauer
presides the case.  The Debtor estimates assets and liabilities
between $1 million to $10 million.


MUSCLEPHARM CORP: Extends CEO Promissory Note Maturity to Nov. 8
----------------------------------------------------------------
MusclePharm Corporation entered into an amendment to the Company's
$6 million convertible secured promissory note dated Dec. 7, 2015,
with Ryan Drexler, chief executive officer and chairman of the
Company.  Pursuant to the amendment, the maturity date of the Note
was extended from Jan. 15, 2017, to Nov. 8, 2017.  Additionally,
the non-default interest rate was amended from 8% per annum to 10%
per annum, and the default interest rate was amended from 10% per
annum to 12% per annum.  Following the amendment, the other terms
of the Note remain unchanged.

                      About MusclePharm

Headquartered in Denver, Colorado, MusclePharm Corporation (OTCQB:
MSLP) -- http://www.muslepharm.com/-- develops and manufactures a
full line of National Science Foundation approved nutritional
supplements that are 100 percent free of banned substances.
MusclePharm is sold in over 120 countries and available in over
5,000 U.S. retail outlets, including GNC and Vitamin Shoppe.
MusclePharm products are also sold in over 100 online stores,
including bodybuilding.com, Amazon.com and Vitacost.com.

MusclePharm reported a net loss of $51.85 million in 2015,
a net loss of $13.8 million in 2014 and a net loss of $17.7 million
in 2013.

As of Sept. 30, 2016, MusclePharm had $38.33 million in total
assets, $54.77 million in total liabilities and a total
stockholders' deficit of $16.44 million.


OMNI HEALTH: Losses From Operations Raises Going Concern Doubt
--------------------------------------------------------------
Omni Health, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net
income of $1.03 million on $514,448 of sales for the three months
ended July 31, 2016, compared to a net loss of $19,512 on $67,036
of sales for the same period in 2015.

The Company's balance sheet at July 31, 2016, showed total assets
of $5.02 million, total liabilities of $1.78 million, and a
stockholders' equity of $3.24 million.

Because the business is new and has a limited history and
relatively few sales, no certainty of continuation can be stated.

The Company has suffered losses from operations, which raises
substantial doubt about its ability to continue as a going
concern.

Management is taking steps to raise additional funds to address its
operating and financial cash requirements to continue operations in
the next twelve months.  Management has devoted a significant
amount of time in the raising of capital from additional debt and
equity financing.  However, the Company's ability to continue as a
going concern is dependent upon raising additional funds through
debt and equity financing and generating revenue.  There are no
assurances the Company will receive the necessary funding or
generate revenue necessary to fund operations.

A full-text copy of the Company's Form 10-Q is available at:
                
                   https://is.gd/iFg3p8

Omni Health, Inc., operates a pharmacy in Hialeah, Fla.  All of the
Company's operations are conducted through its wholly-owned
subsidiaries, Malecon Pharmacy, Inc.


PANAMA CITY INVESTMENTS: Court Approves Disclosure Statement
------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Florida will
consider approval of the Chapter 11 plan of reorganization of
Panama City Investments, LLC, at a hearing on Feb. 23, at 10:00
a.m., Central Time.

The hearing will be held at the U.S. Courthouse, 30 W. Government
Street, Panama City, Florida.

The court will also consider at the hearing the final approval of
Panama's disclosure statement, which it conditionally approved on
Jan. 24.

The order set a Feb. 16 deadline for creditors to cast their votes
accepting or rejecting the plan, and file their objections.

                 About Panama City Investments

Panama City Investments, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Fla. Case No. 16-50200) on July 26, 2016,
disclosing under $1 million in both assets and liabilities.  The
Debtor is represented by Teresa M. Dorr, Esq., at Zalkin Revell,
PLLC.

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

On January 20, 2017, the Debtor filed its Chapter 11 plan of
reorganization and disclosure statement.


PASO GAS: Hires Vega CPA as Accountant
--------------------------------------
Paso Gas Corp. seeks permission from the United States Bankruptcy
Court for the District Of Puerto Rico to employ Luis Armando Vega
as the Debtor's accountant.

Services to be rendered by the firm are:

     a. Reconciliation of financial information to assist Debtor in
the preparation of monthly operating reports.

     b. Assist in the reconciliation and clarification of proof of
claims filed and amount due to the creditors.

     c. Provide general accounting and tax services to prepare
quarterly tax return, withholding statements, year-end reports and
income tax preparation.

     d. Assist Debtor and Debtor's counsel in the preparation of
the supporting documents for the Chapter 11 Reorganization Plan.

For the reconciliation of the monthly financial information, which
is subject to the approval of the Court and as specified in the
engagement letter will be hourly rate of $60.00 plus reimbursement
of actual out-of-pocket incurred in case.

Luis Armando Vega attests that he is a disinterested person as
defined in 11 USC sec. 101(14).

The Accountant can be reached through:

     Luis Armando Vega
     HC 01 BOX 2937-9615
     Florida, PR 00650
     Tel: (787)910-9682 / (787)621-9196
     Email: luarve@gmail.com

                              About Paso Gas Corporation

Paso Gas Corporation, based in Manati, Puerto Rico, filed a Chapter
11 petition (Bankr. D.P.R. Case No. 16-06843) on August 29, 2016.
Manolo R Santiago, Esq., at Rivera-Velez & Santiago LLC, serves as
bankruptcy counsel.  In its petition, the Debtor indicated $480,489
in assets and $1.29 million in liabilities. The petition was signed
by Nestor Algarin Lopez, president.


PEABODY ENERGY: Mangrove's Revised Backstop Offers Rejected
-----------------------------------------------------------
Peabody Energy Corporation last week rejected revised versions of a
backstop commitment letter submitted by The Mangrove Partners
Master Fund, Ltd. and several equity holders, Master Fund has
disclosed in a regulatory filing with the Securities and Exchange
Commission.

As reported by the Troubled Company Reporter, the Master Fund along
with certain other equity holders and certain members of the Ad Hoc
Group of Non-Consenting Creditors in the Chapter 11 Cases --
Non-Consenting Creditors -- executed and delivered to the Company
and the Official Committee of Unsecured Creditors a Backstop
Commitment Letter and related term sheets on January 20, 2017.  

On January 24, 2017, the Company informed counsel to some of the
members of the Non-Consenting Creditors that the Company could not
accept the proposal made in the Backstop Commitment Letter.
Additionally, on January 24, the Company disclosed its receipt of
the Backstop Commitment Letter and the transactions contemplated
thereby and its rejection thereof in a reply filed in the United
States Bankruptcy Court for the Eastern District of Missouri.

"As an initial matter, we continue to be disappointed by the
Debtors' willingness to only indicate problems with our proposal,
without any suggestions on how those problems might be solved. Put
simply, there is $1.77 billion of fully committed equity capital
available to the Debtors on significantly better terms than the
equity funding under the Current Plan," the Ad Hoc Committee's Jan.
24 letter to the Debtors' counsel, Heather Lennox, Esq., at Jones
Day, states.  A copy of the Ad Hoc Committee's letter is available
at https://is.gd/bIkmq8

In that letter, the Ad Hoc Committee attached a third-party
analysis of Stifel that, according to the group, confirms "the
market is viewing our proposal as the clearly superior proposal."

In a response letter dated Jan. 25, Ms. Lennox told Mr. Uzzi: "Your
statements that the Debtors have not given the Ad Hoc Committee's
proposals due consideration are untrue. Since receiving the Ad Hoc
Committee's first proposal on January 16, 2017, the Debtors'
advisors, [Lazard's Tyler] Mr. Cowan and I, have engaged actively
with Mr. Mark Hootnick from Millstein and you to ensure we
understood the proposals as written and the nuances of what your
client intended when writing them as many provisions were not clear
or did not reflect what we ultimately understood your client
intended in the proposal being reviewed. We also sought
clarification of the assumptions your client was making when it
generated the proposals as many of those deviated from the
assumptions underlying the Debtors' currently proposed joint plan
of reorganization, dated December 22, 2016."

A copy of Ms. Lennox's letter is available at https://is.gd/vusWvE

Following these communications, counsel to such members of the
Non-Consenting Creditors engaged in discussions with counsel to the
Company regarding certain proposed modifications to the terms of
the Backstop Commitment Letter and, on January 25, a new backstop
commitment letter was delivered to the Company by counsel to such
Non-Consenting Creditors for its consideration.

Given the expectation that the January 25 Backstop Commitment
Letter would be rejected by the Company, on January 26, 2017, the
Master Fund along with certain other equity holders and the
Non-Consenting Creditors executed and delivered to the Company a
new Backstop Commitment Letter and related term sheets.  The
Company rejected the Revised Backstop Commitment Letter and the
January 25 Backstop Commitment Letter in hearings held in the
Bankruptcy Court on January 26.

The Revised Backstop Commitment Letter provides that, if the
Debtors countersign the Revised Backstop Commitment Letter, the
Commitment Parties and the Debtors will cooperate and negotiate in
good faith the terms of a long-form agreement consistent with the
terms of the Revised Backstop Commitment Letter that would
supersede the Revised Backstop Commitment Letter.

Under the Revised Backstop Commitment Letter, the Commitment
Parties have committed, among other things, to exercise any
subscription rights that remain unfilled at the conclusion of a
proposed $1,770,000,000 equity rights offering of reorganized
Peabody Energy Corporation, which will provide a portion of the
financing for a proposed restructuring of the Debtors contemplated
by the Revised Backstop Commitment Letter.

Mangrove said the Alternative Transaction would be different from
the plan of reorganization filed by the Debtors with the Bankruptcy
Court on December 22, 2016.

Pursuant to the Alternative Transaction, each holder of equity --
including the Master Fund -- of the Company would receive its pro
rata share of warrants for 5% of the shares of Reorganized Peabody
exercisable for seven years at a valuation at which convertible
noteholders receive a par recovery. The price per share in the
Rights Offering is to be determined using a plan enterprise value
of $4,275,000,000 -- Plan Enterprise Value -- and applying a 13.45%
discount thereto.

The Master Fund believes that the actual enterprise value of the
Debtors is substantially higher than the Plan Enterprise Value but
agreed to become a Commitment Party for the investment opportunity
of acquiring equity of Reorganized Peabody at a price substantially
lower than its intrinsic value.

In addition, the Alternative Transaction contemplates, among other
things, that:

     (i) each holder of an Allowed First Lien Lender Claim1 will
receive its aggregate pro rata share of (a) cash equal to the full
amount of its Allowed First Lien Lender Claims, including interest
at the default rate or (b) solely to the extent that the Debtors
have not received commitments for the Exit Facility prior to the
Effective Date in the aggregate principal amount of at least $1.5
billion and subject to certain conditions outlined a term sheet
attached to the Revised Backstop Commitment Letter, each holder's
pro rata share of (x) the Replacement Secured First Lien Term Loan
in an aggregate principal amount of up to $1.5 billion, plus (y)
cash in an amount equal to the difference between the Allowed First
Lien Lender Claims, including interest at default rate, and the
aggregate principal amount of the Replacement Secured First Lien
Term Loan,

    (ii) each holder of an Allowed Second Lien Notes Claim will
receive (a) at the option of the Debtors in their sole discretion,
provided in the case of (x) or (y) below, the First Lien Full Cash
Recovery occurs, its aggregate pro rata share of $180 million
(calculated as the amount of any such cash and the principal amount
of any such Additional First Lien Debt and New Second Lien Notes,
excluding any consideration on account of Incremental New Second
Lien Notes Claims) in any combination of (x) cash, (y) the
Additional First Lien Debt and/or (z) New Second Lien Notes, (b)
its pro rata share of the Pro Rata Split as of the Effective Date
of the shares in Reorganized Peabody (which shall be subject to
dilution, the exercise of the Cash Pay A Warrants, Cash Pay B
Warrants and the Backstop Penny Warrant, and issuance as described
in the term sheet attached to the Revised Backstop Commitment
Letter), (c) its pro rata share of the Pro Rata Split as of the
Record Date of the Equity Rights, and (d) its pro rata share of
$270 million funded from the proceeds of the Rights Offering, and

   (iii) each holder of an Unsecured Subordinated Debenture Claim
will receive its pro rata share of the cash pay warrants for 20% of
the total shares of Reorganized Peabody, exercisable for seven
years at an exercise price determined at a valuation at which
participating holders of Allowed Unsecured Senior Notes Claims
receive a par recovery.

The Rights Offering shall be open to applicable holders of General
Unsecured Claims and Second Lien Notes Claims of the Company.
Eligible Creditors will also be granted oversubscription rights
such that any shares of Reorganized Peabody not subscribed for and
purchased by an Eligible Creditor may be subscribed for by other
Eligible Creditors.

The obligations of the Debtors to issue shares in the Rights
Offering, and of the Commitment Parties to purchase their
commitments contemplated by the Revised Backstop Commitment Letter,
are subject to certain conditions, including, among other things:

     (i) execution and delivery by the Commitment Parties and the
Debtors of the Backstop Commitment Agreement in form and substance
reasonably acceptable to the requisite number of Commitment Parties
and the Debtors,

    (ii) consummation of the transactions contemplated by the
Revised Backstop Commitment Letter and

   (iii) receipt of final orders from the Bankruptcy Court
approving the transactions contemplated by the Revised Backstop
Commitment Letter.

In exchange for their commitments to exercise any unfilled
subscription rights, the Commitment Parties would receive, among
other things, a backstop commitment premium (payable in the form of
new common stock of Reorganized Peabody) and penny warrants for
shares of Reorganized Peabody.

The Revised Backstop Commitment Letter is subject to termination:

     (i) automatically upon execution and delivery of the Backstop
Commitment Agreement,

    (ii) upon approval or authorization by the Bankruptcy Court of
any reorganization or similar transaction other than the
Alternative Transaction or if the Debtors enter into any agreement
providing for any such transaction,

   (iii) on April 28, 2017 (which date may be extended or waived
(but not to a date later than June 30, 2017) in certain
circumstances),

    (iv) if the board of directors of the Company determines in
good faith, based upon the advice of outside legal counsel, that
continued performance under the Revised Backstop Commitment Letter
would be inconsistent with the exercise of its fiduciary duties
under applicable law, and

     (v) upon the occurrence of material breaches of a party's
representations, warranties or covenants contained in the Revised
Backstop Commitment Letter if such breaches remain uncured for 5
business days following written notice thereof.

A copy of the revised Offer is available at https://is.gd/5rYrV8

The Ad Hoc Committee is represented by:

     Gerard Uzzi, Esq.
     Milbank, Tweed, Hadley & McCloy LLP
     28 Liberty Street New York
     New York, USA NY 10005
     Tel: 212-530-5670
     Fax: +1 212 530 5219
     Email: guzzi@milbank.com

               About Peabody Energy Corporation

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount
Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $919 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
(Bankr. E.D. Mo. Case No. 16-42529).

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

The Office of the U.S. Trustee on April 29, 2016, appointed seven
creditors of Peabody Energy Corp. to serve on the official
committee of unsecured creditors.  The Committee retained Morrison
& Foerster LLP as counsel, Spencer Fane LLP as local counsel,
Curtis, Mallet-Prevost, Colt & Mosle LLP as conflicts counsel,
Blackacre LLC as its independent expert, and Berkeley Research
Group, LLC, as financial advisor.


PERSEON CORP: Plan of Reorganization Declared Effective
-------------------------------------------------------
BankruptcyData.com reported that Perseon's Chapter 11 Plan of
Reorganization became effective, and the Company emerged from
Chapter 11 protection.  The U.S. Bankruptcy Court confirmed the
Plan on December 28, 2016.  BankruptcyData's detailed Plan Summary
notes, "The Debtor believes that the Plan provides the best and
most prompt possible recovery to Holders of Claims and Interests.
On and after the Effective Date, the Disbursing Agent will
implement and oversee the wind down and dissolution of the Debtor.
Under the Plan: Priority Claims and General Unsecured Claims will
be paid in full in cash in an amount equal to such Allowed Claim
plus interest accrued on the amount of the Allowed Claim at the
Interest Rate from the Petition Date through the Effective Date,
for a 100% rate of recovery.  Common Stock Interests will receive
its pro rata share of the Disbursing Agent Assets for an estimated
rate of recovery of $0.01 to $0.03 per share of Common Stock.
Private Warrant Interests will receive its pro rata share of the
Disbursing Agent Assets for an estimated rate of recovery of $0.01
to $0.03 per Private Warrant.  All Public Warrant Interests will be
cancelled without any distribution on account of such interests."

                        About BSD Medical

BSD Medical Corporation, f/k/a Perseon Corporation, sought Chapter
11
protection (Bankr. D. Utah Case No. 16-24435) on May 23, 2016, in
Salt Lake City.  Perseon is publicly traded medical technology
developer and manufacturer that is primarily focused on creating
and manufacturing ablation technologies for treating cancer.

The Debtor listed $1 million to $10 million in assets and debt.

The Debtor is represented by Steven T. Waterman, Esq., at Dorsey &
Whitney LLP.  Nixon Peabody LP serves as patents counsel.  The
petition was signed by Clinton E. Carnell Jr., CEO/President.

Chief Judge R. Kimball Mosier is assigned to the case.

No trustee, examiner, or official committee of unsecured creditors
has been appointed in this case.


PICO HOLDINGS: Bloggers Recap Aborted UCP Debt Offering
-------------------------------------------------------
PICO Holdings, Inc. (Nasdaq:PICO), based in La Jolla, Calif., is a
diversified holding company reporting recurring losses since 2008.
PICO owns 57% of UCP, Inc. (NYSE:UCP), 100% of Vidler Water
Company, Inc., a securities portfolio and various interests in
small businesses. PICO has $662 million in assets and $426 million
in shareholder equity. Central Square Management LLC and River Road
Asset Management LLC collectively own more than 11% of PICO. Other
activists at http://ReformPICONow.com/(RPN) have taken to the
Internet to advance the shareholder cause.

The bloggers provide an update on PICO's third asset sale of 2016.


According to the bloggers, "On December 29, 2016, PICO Holdings
announced an agreement to sell 50,000 Long Term Storage Credits to
the Central Arizona Groundwater Replenishment District for $12.5
million. RPN reader john s was told by PICO's Investor Relations
Office that the CAGRD approved the transaction on January 5, 2017.
PICO indicated that the transaction would close in Q1 2017.

"By our count, that is three asset sales worth about $35 million
that have been announced in 2016. According to PICO CEO Max Webb on
the Q3 Earnings Call, PICO is slated to receive $6 million in
escrow proceeds from the Northstar Hallock sale. Assuming about $5
million of burn over the last two quarters, PICO should have around
$40 million in its bank account at the end of Q1 2017."

Next, the bloggers review UCP's aborted $200 million debt offering.
"On October 14, 2016, UCP issued a press release announcing a
proposal to issue $200 million in Senior Notes, due 2021. Moody's
Investors Services, a unit of Moody's Corporation, assigned UCP a
Corporate Family Rating of B3. The proposed $200 million Senior
Notes were also rated B3.

UCP also announced that it was negotiating the terms of a two-year
secured revolving credit agreement for $25 million. This obligation
would be secured by a portion of UCP's California real estate.

On October 17, UCP inauspiciously halted its pursuit of the $25
million revolver. In the press release, UCP asssured investors that
the upcoming $200 million offering would provide sufficient funds
for execution of its business plan. UCP noted, 'No assurance can be
given that the pending Notes Offering will be consummated.'
Prescient words.

On October 24, UPC issued a one-sentence press release stating that
UCP had 'withdrawn their previously announced private offering of
$200 million aggregate principal amount of their Senior Notes due
2021 in light of challenged market conditions.'

On October 28, Moody's announced that it had withdrawn all ratings
of UCP.

The bloggers explain why Moody's rated UCP so low. "Moody's
Investors Service publishes its 'Rating Methodologies,' which
explain how it assesses credit risk for various industries. The
Rating Methodologies clarify how qualitative and quantitative risk
characteristics affect company's credit ratings.

"We love Moody's Rating Methodologies. When we are researching a
new industry, it is one of the first sources we consult. While
targeted at purchasers of debt instruments, the Ratings
Methodologies are replete with valuable information and tools for
analyzing participants in an industry.

The Rating Methodologies are free, once you register with Moody's
-- which is also free. We highly recommend the Moody's Rating
Methodologies as a source of industry information, and the
Homebuilder Rating Methodology in particular.

Moody's Rating Methodology for Homebuilders helps explain why UCP
was unable to sell its high-yield debt in the public market.
Moody's considers five factors to assess the creditworthiness and
performance of a builder:

    Scale
    Business Profile
    Profitability and Efficiency
    Leverage and Coverage
    Financial Policy

Moody's warns that these Five Factors are not exhaustive; other
factors and qualitative concerns also influence creditworthiness.
But these Five Factors are the most controlling for builder credit
ratings.

"One caveat: we have said many times that the homebuilder industry
is no favorite of ours. Barriers to entry are low, brand equity
does not exist, growth results in negative cash flow and earnings
fluctuate with schizophrenic amplitude. The price elasticity of
homes can get whacky - when the trough in the cycle is deep, homes
barely sell -- even when price discounts are enormous.

"As UCP ranks low in Moody's Five Factors, especially Scale and
Business Profile, we now have an idea as to why Moody's rated UCP
B3 and why the Senior Notes did not sell."

The bloggers conclude with some commentary:

"Moody's assigned its B3 rating to UCP.  This represents a deep
non-investment grade rating.  Of all publicly traded US builders,
only Hovnanian and Beazer carry equal or lower ratings: Hovnanian
is rated equal at B3 and Beazer is rated one rung lower at Caa1.
Both Hovnanian and Beazer struggle under large debt loads. That UCP
carries a conservative 40% net debt-to-capital ratio and is ranked
with the lowest of the industry, both of which are financially
distressed, tells us how important Scale and Business Profile are
to Moody's.

PIMCO is the current holder of UCP's $75 million Senior Notes, due
October 2017. Obviously, PIMCO refused to roll its position over.
In the meantime, rates on 5-year junk debt are up about 50 basis
points.

There is no reason to delay a sale of UCP. Chairman Michael Cortney
and CEO Dustin Bogue are transferring shareholder capital to UCP
Executives, Directors and Employees. Shareholder value is being
destroyed every day, with almost every home sold.

In a change of control, UCP's Executives and its operations have no
value. UCP will sell as a land play. No buyer will pay above fair
market value for UCP's assets. Black Friday may have passed, but
strong builders are always shopping. We suggest that UCP hang out
the sale sign without further delay."


PLASTIC2OIL INC: Further Extends MOU Term Until March 24
--------------------------------------------------------
On Aug. 26, 2016, Plastic2Oil, Inc. executed a Memorandum of
Understanding with a Southern U.S. company regarding potential
licensing of the Company's technology and a potential sale of
units.

On Nov. 28, 2016, the parties agreed to extend the term of the MOU
until Jan. 23, 2017.

On Jan. 23, 2017, the parties agreed to further extend the term of
the MOU until March 24, 2017.

The parties will need to execute a definitive agreement by this
date unless a further extension is mutually agreed upon.  This
second extension of the MOU was agreed upon due to additional time
needed to address zoning and permitting at the proposed site.  The
Company said there can be no guarantee that a definitive agreement
will be reached prior to expiration of the extended term of the
MOU.

                        About Plastic2Oil

Plastic2Oil, Inc., formerly JBI Inc., is a North American fuel
company that transforms unsorted, unwashed waste plastic into
ultra-clean, ultra-low sulphur fuel without the need for
refinement.  The Company's Plastic2Oil (P2O) is a process designed
to provide immediate economic benefit for industry, communities
and government organizations with waste plastic recycling
challenges.  It is also focused on the creation of green
employment opportunities and a reduction in the cost of plastic
recycling programs for municipalities and business.  The Company's
fuel products include No. 6 Fuel, No. 2 Fuel (diesel, petroleum
distillate), Naphtha, Petcoke (carbon black) and Off-Gases. No. 6
Fuel is heavy fuel used in industrial boilers and ships. No. 2
Fuel is a mid-range fuel known as furnace oil or diesel.  Naphtha
is a light fuel that is used as a cut feedstock for ethanol or as
white gasoline in high and regular grade road certified fuels.

Plastic2Oil reported a net loss of $4.32 million on $16,728 of
total sales for the year ended Dec. 31, 2015, compared to a net
loss of $6.80 million on $59,017 of total sales for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Plastic2Oil had $3.95 million in total
assets, $11.91 million in total liabilities and a total
stockholders' deficit of $7.95 million.

D. Brooks and Associates CPA's, P.A., in West Palm Beach, Florida,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
the Company has incurred operating losses, has incurred negative
cash flows from operations and has a working capital deficit.
These and other factors raise substantial doubt about the Company's
ability to continue as a going concern.


PRESIDENTIAL REALTY: A. Gray Holds 10.6% B Shares as of Dec. 20
---------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Alex B. Gray disclosed that as of Dec. 20, 2016, he
beneficially owns 410,639 shares of Class B common stock of
Presidential Realty Corporation representing 10.68% based on the
outstanding shares reported on the Company's 10-Q filed with the
SEC for the quarterly period ended Sept. 30, 2016.  Katherine D.
Gray also reported beneficial ownership of 73,400 Class B shares.
A full-text copy of the regulatory filing is available at:

                       https://is.gd/Mmjo6a

                     About Presidential Realty

Headquartered in White Plains, New York, Presidential Realty
Corporation, a real estate investment trust, (i) owns
income-producing real estate and (ii) holds notes and mortgages
secured by real estate or interests in real estate.  On Jan. 20,
2011, Presidential stockholders approved a plan of liquidation,
which provides for the sale of all of the Company's assets over
time and the distribution of the net proceeds of sale to the
stockholders after satisfaction of liabilities.

Presidential Realty reported a net loss of $495,400 on $932,000 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $941,050 on $871,499 of total revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Presidential Realty had $975,200 in total
assets, $2.50 million in total liabilities and a total
stockholders' deficit of $1.53 million.

Baker Tilly Virchow Krause, LLP, in Melville, New York, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered recurring losses from operations and has a
working capital deficiency.  These factors raise substantial doubt
about its ability to continue as a going concern.


PRESIDENTIAL REALTY: Alexander Ludwig Holds 9.5% of Class B Stock
-----------------------------------------------------------------
Alexander Ludwig disclosed in an amended Schedule 13D filed with
the Securities and Exchange Commission that as of Jan. 6, 2017, he
beneficially owns 450,000 shares of Class B common stock, $.00001
par value, of Presidential Realty Corporation representing 9.5
percent of the shares outstanding.

The amendment was filed solely to correct certain of the ownership
percentages set forth in Item 5(a)-(b) of the Schedule 13D filed by
Mr. Ludwig on Jan. 17, 2017.  Specifically, Mr. Ludwig is the
beneficial owner of shares which comprise 9.5% (rather than 8.7%)
of the issued and outstanding Class B Common Stock.  The aggregate
amount of shares of Common Stock owned by Mr. Ludwig is unchanged.


A full-text copy of the regulatory filing is available at:

                     https://is.gd/nB0H2I

                   About Presidential Realty

Headquartered in White Plains, New York, Presidential Realty
Corporation, a real estate investment trust, (i) owns
income-producing real estate and (ii) holds notes and mortgages
secured by real estate or interests in real estate.  On Jan. 20,
2011, Presidential stockholders approved a plan of liquidation,
which provides for the sale of all of the Company's assets over
time and the distribution of the net proceeds of sale to the
stockholders after satisfaction of liabilities.

Presidential Realty reported a net loss of $495,400 on $932,000 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $941,050 on $871,499 of total revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Presidential Realty had $975,200 in total
assets, $2.50 million in total liabilities and a total
stockholders' deficit of $1.53 million.

Baker Tilly Virchow Krause, LLP, in Melville, New York, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered recurring losses from operations and has a
working capital deficiency.  These factors raise substantial doubt
about its ability to continue as a going concern.


PRESIDENTIAL REALTY: Brandt Owns 6.1% of Class B Stock as of Jan. 6
-------------------------------------------------------------------
Richard Paul Brandt filed an amended Schedule 13D with the
Securities and Exchange Commission to disclose that as of Jan. 6,
2017, he beneficially owns 291,000 shares of Class B common stock,
$.00001 par value, of Presidential Realty Corporation representing
6.1 percent of the shares outstanding.

The amendment was filed solely to correct certain of the ownership
percentages set forth in Item 5(a)-(b) of the Schedule 13D filed by
him on Jan. 17, 2017.  Specifically, Mr. Brandt is the beneficial
owner of shares which comprise 6.1% (rather than 5.6%) of the
issued and outstanding Class B Common Stock.  The aggregate amount
of shares of Common Stock owned by the Reporting Person is
unchanged.

A full-text copy of the Schedule 13D/A is available for free at:

                      https://is.gd/UpSwiH

                    About Presidential Realty

Headquartered in White Plains, New York, Presidential Realty
Corporation, a real estate investment trust, (i) owns
income-producing real estate and (ii) holds notes and mortgages
secured by real estate or interests in real estate.  On Jan. 20,
2011, Presidential stockholders approved a plan of liquidation,
which provides for the sale of all of the Company's assets over
time and the distribution of the net proceeds of sale to the
stockholders after satisfaction of liabilities.

Presidential Realty reported a net loss of $495,400 on $932,000 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $941,050 on $871,499 of total revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Presidential Realty had $975,200 in total
assets, $2.50 million in total liabilities and a total
stockholders' deficit of $1.53 million.

Baker Tilly Virchow Krause, LLP, in Melville, New York, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered recurring losses from operations and has a
working capital deficiency.  These factors raise substantial doubt
about its ability to continue as a going concern.


PRESIDENTIAL REALTY: Gray Holds 6.25% of B Shares as of Aug. 24
---------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Alex B. Gray disclosed that as of Aug. 24, 2016, he
beneficially owns 240,200 shares of Class B Common Stock of
Presidential Realty Corporation representing 6.25% based on the
outstanding shares reported on the Company's 10-Q filed with the
SEC for the quarterly period ended June 30, 2016.  A full-text copy
of the regulatory filing is available for free at:

                     https://is.gd/IqF40t

                   About Presidential Realty

Headquartered in White Plains, New York, Presidential Realty
Corporation, a real estate investment trust, (i) owns
income-producing real estate and (ii) holds notes and mortgages
secured by real estate or interests in real estate.  On Jan. 20,
2011, Presidential stockholders approved a plan of liquidation,
which provides for the sale of all of the Company's assets over
time and the distribution of the net proceeds of sale to the
stockholders after satisfaction of liabilities.

Presidential Realty reported a net loss of $495,400 on $932,000 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $941,050 on $871,499 of total revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Presidential Realty had $975,200 in total
assets, $2.50 million in total liabilities and a total
stockholders' deficit of $1.53 million.

Baker Tilly Virchow Krause, LLP, in Melville, New York, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered recurring losses from operations and has a
working capital deficiency.  These factors raise substantial doubt
about its ability to continue as a going concern.


PRESIDENTIAL REALTY: Jeffrey Joseph Holds 8.6% of Class B Stock
---------------------------------------------------------------
Jeffrey F. Joseph filed with the Securities and Exchange Commission
an amended Schedule 13D to disclose that as of Jan. 6, 2017, he
beneficially owns 412,065 shares of Class B common stock, $.00001
par value, of Presidential Realty Corporation representing
8.6 percent of the shares outstanding.

The amendment was filed solely to correct certain of the ownership
percentages set forth in Item 5(a)-(b) of the Schedule 13D filed by
him on Jan. 17, 2017.  Specifically, Mr. Joseph is the beneficial
owner of shares which comprise 8.6% (rather than 7.8%) of the
issued and outstanding Class B Common Stock.  The aggregate amount
of shares of Common Stock owned by the Reporting Person is
unchanged.

A full-text copy of the Schedule 13D/A is available at:

                    https://is.gd/6ajhjz

                 About Presidential Realty

Headquartered in White Plains, New York, Presidential Realty
Corporation, a real estate investment trust, (i) owns
income-producing real estate and (ii) holds notes and mortgages
secured by real estate or interests in real estate.  On Jan. 20,
2011, Presidential stockholders approved a plan of liquidation,
which provides for the sale of all of the Company's assets over
time and the distribution of the net proceeds of sale to the
stockholders after satisfaction of liabilities.

Presidential Realty reported a net loss of $495,400 on $932,000 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $941,050 on $871,499 of total revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Presidential Realty had $975,200 in total
assets, $2.50 million in total liabilities and a total
stockholders' deficit of $1.53 million.

Baker Tilly Virchow Krause, LLP, in Melville, New York, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered recurring losses from operations and has a
working capital deficiency.  These factors raise substantial doubt
about its ability to continue as a going concern.


PRESIDENTIAL REALTY: Jeffrey Rogers Owns 5.9% of Class B Stock
--------------------------------------------------------------
Jeffrey S. Rogers filed with the Securities and Exchange Commission
an amended Schedule 13D disclosing that as of Jan. 6, 2017, he
beneficially owns 282,076 shares of Class B common stock, $.00001
par value, of Presidential Realty Corporation representing
5.9 percent of the shares outstanding.

The amendment was filed solely to correct certain of the ownership
percentages set forth in Item 5(a)-(b) of the Schedule 13D filed by
him on Jan. 17, 2017.  Specifically, Mr. Rogers is the beneficial
owner of shares which comprise 5.9% (rather than 5.4%) of the
issued and outstanding Class B Common Stock.  The aggregate amount
of shares of Common Stock owned by the Reporting Person is
unchanged.

A full-text copy of the Schedule 13D/A is available at:

                        https://is.gd/gWRbF6

                      About Presidential Realty

Headquartered in White Plains, New York, Presidential Realty
Corporation, a real estate investment trust, (i) owns
income-producing real estate and (ii) holds notes and mortgages
secured by real estate or interests in real estate.  On Jan. 20,
2011, Presidential stockholders approved a plan of liquidation,
which provides for the sale of all of the Company's assets over
time and the distribution of the net proceeds of sale to the
stockholders after satisfaction of liabilities.

Presidential Realty reported a net loss of $495,400 on $932,000 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $941,050 on $871,499 of total revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Presidential Realty had $975,200 in total
assets, $2.50 million in total liabilities and a total
stockholders' deficit of $1.53 million.

Baker Tilly Virchow Krause, LLP, in Melville, New York, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered recurring losses from operations and has a
working capital deficiency.  These factors raise substantial doubt
about its ability to continue as a going concern.


PRESIDENTIAL REALTY: Nickolas Jekogian Has 8.5% Stake as of Jan. 6
------------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Nickolas Jekogian, Jr., trustee of the BBJ Irrevocable
Family Trust disclosed that as of Jan. 6, 2017, he beneficially
owns 226,013 shares of Class A common stock, $.00001 par value,
and 250,000 shares of Class B common stock, $.00001 par value, of
Presidential Realty Corporation representing 51.1% (Class A) and
4.6% (Class B) of the outstanding common shares.

The amendment was filed solely to correct certain of the ownership
percentages set forth in Item 5(a)-(b) of the Schedule 13D/A filed
by Mr. Jekogian on Jan. 19, 2017.  Specifically, Mr. Jekogian is
the beneficial owner of shares which comprise 4.6% (rather than
4.2%) of the issued and outstanding Class B Common Stock and 8.5%
(rather than 7.9%) of the total shares of the aggregate outstanding
Class A Common Stock and Class B Common Stock.

The Company's certificate of incorporation prohibits beneficial
ownership of more than 9.2% of the outstanding shares of the
Company's Common Stock.  Accordingly, 32,455 of 125,000 shares of
Class B Common Stock previously acquired by the Trust constitutes
Excess Shares as provided in the Company's certificate of
incorporation.  Excess Shares held by the Trust cannot be voted or
disposed of by the Trust.

In the aggregate, the Reporting Person is the beneficial owner of
443,558 shares of the Class A Common Stock and Class B Common
Stock, which represents 8.5% of the total shares of the aggregate
outstanding Class A Common Stock and Class B Common Stock.

A full-text copy of the regulatory filing is available at:

                     https://is.gd/RiCTxs

                   About Presidential Realty

Headquartered in White Plains, New York, Presidential Realty
Corporation, a real estate investment trust, (i) owns
income-producing real estate and (ii) holds notes and mortgages
secured by real estate or interests in real estate.  On Jan. 20,
2011, Presidential stockholders approved a plan of liquidation,
which provides for the sale of all of the Company's assets over
time and the distribution of the net proceeds of sale to the
stockholders after satisfaction of liabilities.

Presidential Realty reported a net loss of $495,400 on $932,000 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $941,050 on $871,499 of total revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Presidential Realty had $975,200 in total
assets, $2.50 million in total liabilities and a total
stockholders' deficit of $1.53 million.

Baker Tilly Virchow Krause, LLP, in Melville, New York, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered recurring losses from operations and has a
working capital deficiency.  These factors raise substantial doubt
about its ability to continue as a going concern.


ROSETTA GENOMICS: Eliminates Chief Commercial Officer Post
----------------------------------------------------------
Rosetta Genomics Ltd. eliminated the position of chief commercial
officer and terminated Mark R. Willig on Jan. 25, 2017, as
disclosed in a Form 8-K report filed with the Securities and
Exchange Commission.

                    About Rosetta Genomics

Based in Rehovot, Israel, Rosetta Genomics Ltd. is seeking to
develop and commercialize new diagnostic tests based on a recently
discovered group of genes known as microRNAs.  MicroRNAs are
naturally expressed, or produced, using instructions encoded in
DNA and are believed to play an important role in normal function
and in various pathologies.  The Company has established a CLIA-
certified laboratory in Philadelphia, which enables the Company to
develop, validate and commercialize its own diagnostic tests
applying its microRNA technology.

Rosetta Genomics reported a loss from continuing operations of
US$17.34 million on US$8.26 million of total revenues for the year
ended Dec. 31, 2015, compared to a loss from continuing operations
of US$14.52 million on US$1.32 million of total revenues for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, Rosetta had $12.62 million in total assets,
$3.70 million in total liabilities and $8.92 million in total
shareholders' equity.

As reported by the TCR on Oct. 18, 2016, Rosetta received a staff
deficiency letter from The Nasdaq Stock Market notifying the
Company that for the past 30 consecutive business days, the closing
bid price per share of its ordinary shares was below the $1.00
minimum bid price requirement for continued listing on The Nasdaq
Capital Market, as required by Nasdaq Listing Rule 5550(a)(2).


SALON MEDIA: Board Elects 3 New Directors After Resignations
------------------------------------------------------------
The Board of Salon Media Group, having obtained sufficient vote by
the directors and having accepted the resignation of four
previously serving directors, elected three new directors to the
Board: (i) Richard MacWilliams, (ii) Rodney Bienvenu, and (iii)
Trevor Colhoun.

Previously serving directors, Deepak Desai, George Hirsch, James
Rosenfield, and John Warnock resigned from the Board upon the
election of Mr. MacWilliams, Mr. Bienvenu, and Mr. Colhoun at the
Initial Closing.  The Board currently consists of (i) Jordan
Hoffner, (ii) William Hambrecht, (iii) Richard MacWilliams, (iv)
Rodney Bienvenu, and (v) Trevor Colhoun, each of whom will serve on
the Board until the next annual meeting of stockholders or until
his respective successor is elected and qualified.

None of the resigning directors had any disagreements with the
Company, on any matter relating to the Company's operations,
policies or practices, as disclosed in a Form 8-K report filed with
the Securities and Exchange Commission.

                    About Salon Media

San Francisco, Calif.-based Salon Media Group (OTC BB: SLNM.OB)
-- http://www.Salon.com/-- is an online news and social     
networking company and an Internet publishing pioneer.

Salon Media reported a net loss of $1.96 million on $6.95 million
of net revenues for the year ended March 31, 2016, compared to a
net loss of $3.94 million on $4.94 million of net revenues for the
year ended March 31, 2015.

As of Sept. 30, 2016, the Company had $1.37 million in total
assets, $11.16 million in total liabilities and a total
stockholders' deficit of $9.78 million.

Burr Pilger Mayer, Inc., in San Francisco, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2016, citing that the
Company has suffered recurring losses and negative cash flows from
operations and has an accumulated deficit of $124.6 million as of
March 31, 2016.  These conditions raise substantial doubt about its
ability to continue as a going concern.


SALON MEDIA: Files Series A Pref. Stock Certificate of Designation
------------------------------------------------------------------
Salon Media Group, Inc. filed with the Secretary of State of the
State of Delaware the Certificate of Designation, which sets forth
the rights, preferences, powers and restrictions of the shares of
Series A Preferred Stock which were issued, or will be issued, to
the purchasers at each of the closings, and to the parties under
the Stock Exchange Agreement or the Bridge Financing Agreement.

The Certificate of Designation provides that the shares Series A
Preferred Stock will automatically convert into share of Common
Stock upon the effectiveness of the Certificate Amendment.

The Certificate Amendment, which increases the authorized share
capitalization of the Company, has been approved by the Board and
the requisite stockholder vote.  Accordingly, the Company will
provide notice to stockholders regarding the Certificate Amendment
and its effectiveness in accordance with applicable requirements
and will file a further report when the Certificate Amendment has
become effective.

                     About Salon Media

San Francisco, Calif.-based Salon Media Group (OTC BB: SLNM.OB)
-- http://www.Salon.com/-- is an online news and social     
networking company and an Internet publishing pioneer.

Salon Media reported a net loss of $1.96 million on $6.95 million
of net revenues for the year ended March 31, 2016, compared to a
net loss of $3.94 million on $4.94 million of net revenues for the
year ended March 31, 2015.

As of Sept. 30, 2016, the Company had $1.37 million in total
assets, $11.16 million in total liabilities and a total
stockholders' deficit of $9.78 million.

Burr Pilger Mayer, Inc., in San Francisco, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2016, citing that the
Company has suffered recurring losses and negative cash flows from
operations and has an accumulated deficit of $124.6 million as of
March 31, 2016.  These conditions raise substantial doubt about its
ability to continue as a going concern.


SALON MEDIA: Has Private Placement of 2.4 Million Pref. Shares
--------------------------------------------------------------
Salon Media Group, Inc., entered into a Purchase Agreement to issue
and sell to certain purchasers in a private placement shares of the
Company's Series A Mandatorily Convertible Voting Preferred Stock.
The Company has authorized the issuance and sale in the Private
Placement up to 2,417,471 shares of the Series A Preferred Stock,
at the purchase price of $1.24 per share.

The Company expects that the completion of the purchase and sale of
the shares of the Series A Preferred Stock will occur in two
stages.  The initial Closing was completed on Jan. 26, 2017.  In
the Initial Closing, the Company sold to the Purchasers an
aggregate of 805,824 shares of Series A Preferred Stock for a total
purchase price of $1 million.  The purchase price was paid either
in cash or by delivery for cancellation of certain demand
promissory notes made by the Company to certain of the Purchasers
who had advanced funds to the Company in anticipation of the
Initial Closing.  The final Closing will occur no later than
Feb. 24, 2017, or as soon thereafter as may be practicable.  The
Final Closing will include only investors who have previously
indicated interest in participating in the Private Placement.

The Purchasers in the Initial Closing included the Company's Chief
Executive Officer, Jordan Hoffner, and certain of his family
members, the Company's Chief Financial Officer, Elizabeth
Hambrecht, and the Company's director, William Hambrecht.

Terms of Series A Preferred Stock

The Series A Preferred Stock is a newly designated series of the
Company's authorized preferred stock, par value of $0.001 per
share.  At a special meeting concluded on Jan. 24, 2017, the
Company's Board of Directors approved the designation of the Series
A Preferred Stock, authorizing for issuance a total of 2,865,623
shares of Series A Preferred Stock.  The total authorized amount
was determined in order to provide for the aggregate of 2,417,471
shares of Series A Preferred Stock that may be sold in the Private
Placement and the aggregate of 448,153 shares of the Series A
Preferred Stock the Company agreed to issue pursuant to the Stock
Exchange Agreement or the Bridge Financing Agreement.

The rights, preferences, powers and restrictions of the shares of
Series A Preferred Stock are set forth in the Certificate of
Designation of the Series A Mandatorily Convertible Voting
Preferred Stock, which has been filed with the Secretary of State
of the State of Delaware.

Except as may be otherwise provided in the Certificate of
Designation, the shares of Series A Preferred Stock will not be
entitled to receive any dividends, and will carry a number of votes
equal to the number of shares of Common Stock, par value $0.001 per
share issuable upon conversion of the Series A Preferred Stock.   


Subject to customary adjustments for stock splits, stock dividends,
and similar events, each share of Series A Preferred Stock will be
convertible into 100 shares of Common Stock.  The shares of Series
A Preferred Stock will automatically convert into shares of Common
Stock upon the effectiveness of an amendment to the Company's
current Restated Certificate of Incorporation authorizing
sufficient shares of Common Stock for issuance on the conversion of
the Series A Preferred Stock.

Certificate Amendment Expanding Authorized Share Capital

The Board has approved the Certificate Amendment and on Jan. 25,
2017, the Company obtained a shareholder consent approving the
Certificate Amendment.  Such consent was executed pursuant to an
Irrevocable Proxy from each of William Hambrecht and John Warnock,
stockholders who collectively own approximately 80% of the
outstanding shares of the Common Stock.  The Certificate Amendment
will increase the Company's authorized shares of Common Stock to
900,000,000.  Accordingly, there exists a vote sufficient to adopt
such Certificate Amendment, and the Company will prepare a
preliminary information statement describing the Certificate
Amendment that was authorized by stockholder consent.  The Company
will file with the Securities and Exchange Commission the
preliminary information statement at least 10 days prior to mailing
the definitive information statement to the stockholders, and the
Company will file the definitive information statement as soon
thereafter as may be practicable.  The Company shall file the
Certificate Amendment with the Secretary of State of the State of
Delaware no later than the 21st calendar day following delivery of
the definitive information statement to the Company's stockholders.
The Certificate Amendment will become effective 20 days from the
date of mailing the definitive information statement to the
stockholders.

Additional Purchase Agreement Terms

In addition to certain customary representations and warranties,
indemnification rights and closing conditions, the Purchase
Agreement contains (i) certain demand and piggyback registration
rights, (ii) a right of Spear Point Capital Fund LP, a Purchaser,
to propose for election three (3) directors to the Board at the
Initial Closing, an additional director after the Final Closing,
and a further director mutually acceptable to Spear Point and the
Company, and (iii) the condition that all related party advances,
advances constituting the "Bridge Financing" and all shares of
Series C Preferred Stock have been converted into shares of Common
Stock or Series A Preferred Stock, where, upon the Initial Closing,
the only outstanding capital stock of the Company will be Common
Stock and Series A Preferred Stock.  Such conditions were met prior
to the Initial Closing.

The issuance of the shares of Series A Preferred Stock pursuant to
the Purchase Agreement is being made in reliance upon an exemption
from the registration requirements of the Securities Act of 1933,
as amended, pursuant to Section 4(a)(2) thereof.

Stock Exchange Agreement

As a condition to the Initial Closing of the Private Placement, the
Company entered into a stock exchange agreement with holders of
shares of Series C Preferred Stock and related parties who have
made advances to the Company, memorializing such parties' agreement
to convert their Series C Preferred Stock or advances due from the
Company into shares of Common Stock.

As reported in the Company's Current Report on Form 8-K filed
November 15, 2016, all of its then outstanding shares of Series C
Preferred Stock (an aggregate of 1,075 shares) were exchanged for
an aggregate of 17,200,000 shares of Common Stock.  All of the
shares of Series C Preferred Stock had been held by non-affiliates
of the Company.

In addition, as reported in the Company's Current Report on Form
8-K filed Nov. 15, 2016, outstanding related party advances at Nov.
14, 2016, were approximately $8,341,000.  The related parties who
had made these advances, Mr. John Warnock, then Chairman of the
Board, and Mr. William Hambrecht, a director of the Company, agreed
to exchange the Company's obligations to them for shares of Common
Stock.  Pursuant to the terms agreed, Mr. Warnock and Mr. Hambrecht
were to receive a number of shares of Common Stock equal to the
amounts of their respective advances, divided by $0.10.
Accordingly, Mr. Warnock, who had advanced $5,428,000 to the
Company, received 54,280,000 shares of Common Stock.  Under these
terms, Mr. Hambrecht, who had advanced $2,913,000, was to receive
29,130,000 shares of Common Stock.  The Company reported that these
issuances were made on Nov. 14, 2016, along with the issuances to
the holders of the Series C Preferred Stock.  Mr. Warnock and Mr.
Hambrecht entered into the Stock Exchange Agreement on these
terms.

However, the total of all of the issuances in the Exchange when
added to the shares of Common Stock outstanding on Nov. 14, 2016,
exceeded the total amount of Common Stock then authorized (the
total amount authorized being 150,000,000 shares of Common Stock).

Accordingly, the Company and Mr. Hambrecht amended the Stock
Exchange Agreement with respect to the shares to be issued to Mr.
Hambrecht upon the conversion of his advances to the Company. Under
this Amendment to Stock Exchange Agreement Mr. Hambrecht agreed
that pursuant to the conversion of his advances, he received
2,246,017 shares of Common Stock and, upon the Initial Closing of
the Private Placement, would receive 268,840 shares of Series A
Preferred Stock.  Those shares of Series A Preferred stock issued
to Mr. Hambrecht will be converted into 26,884,000 shares of Common
Stock in accordance with the terms of the Series A Preferred
Stock.

Mr. Warnock and Mr. Hambrecht are affiliates of the Company and
participated in the Exchange.

The Company notes that its Current Report on Form 8-K filed
Nov. 15, 2016, incorrectly reported issuances of Common Stock to
Mr. Hambrecht in the total amount of 29,130,000 as originally
contemplated in the Stock Exchange Agreement.  This Current Report
on Form 8-K supersedes the information described in such earlier
report.

Bridge Financing Agreement

As reported on the Company's Quarterly Report on Form 10-Q for the
quarter ended June 30, 2016, from July 1, 2016 through Aug. 12,
2016, the Company received $200,000 in a "bridge financing".  On
its balance sheet included in its Quarterly Report in Form 10-Q for
the quarter ended Sept. 30, 2016, the Company refers to the Bridge
Financing as "convertible promissory notes."  The Company's Chief
Financial Officer, Elizabeth Hambrecht, provided $100,000 of the
Bridge Financing.

The Company entered into certain securities purchase agreements
with the parties who provided the financing, memorializing such
parties’ agreement to convert their obligations due from the
Company into shares of the Company's Common Stock.  Subsequently,
the parties who provided the Bridge Financing agreed to accept
shares of Series A Preferred Stock in full satisfaction of the
Company's obligations to such parties and have entered into an
amendment to such effect.  In accordance with these agreements, the
Company, prior to the Initial Closing and as a condition thereof,
issued an aggregate of 179,313 shares of Series A Preferred Stock
to the parties who had provided the Bridge Financing.

Stock Exchange Agreement

All advances from related parties equal to $8,341,000 (as of
Nov. 14, 2016) and all outstanding Preferred Stock (consisting of
1,075 shares of Series C Preferred Stock as of Nov. 14, 2016) were
converted into Common Stock and Series A Preferred Stock.  The
advances were converted into 56,526,017 shares of Common Stock and
268,840 shares of Series A Preferred Stock, and the outstanding
1,075 shares of Series C Preferred Stock converted into 17,200,000
shares of Common Stock.  Following the conversion of the related
party advances and the Series C Preferred Stock, the total number
of outstanding shares of Common Stock increased from 76,273,983 to
150,000,000 on Nov. 14, 2016, as shown in the table above.

Bridge Financing

Pursuant to the Bridge Financing Agreement and the Bridge Finance
Amendment, all of the $200,000 in Bridge Financing was converted
into 179,313 shares of Series A Preferred Stock.

A full-text copy of the Form 8-K filing is available at:

                      https://is.gd/Dg7yfK

                        About Salon Media

San Francisco, Calif.-based Salon Media Group (OTC BB: SLNM.OB)
-- http://www.Salon.com/-- is an online news and social     
networking company and an Internet publishing pioneer.

Salon Media reported a net loss of $1.96 million on $6.95 million
of net revenues for the year ended March 31, 2016, compared to a
net loss of $3.94 million on $4.94 million of net revenues for the
year ended March 31, 2015.

As of Sept. 30, 2016, the Company had $1.37 million in total
assets, $11.16 million in total liabilities and a total
stockholders' deficit of $9.78 million.

Burr Pilger Mayer, Inc., in San Francisco, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2016, citing that the
Company has suffered recurring losses and negative cash flows from
operations and has an accumulated deficit of $124.6 million as of
March 31, 2016.  These conditions raise substantial doubt about its
ability to continue as a going concern.


SIGNATURE APPAREL: Christopher, Jacqueline Laurita's Counsel Leaves
-------------------------------------------------------------------
Bill Wichert at Bankruptcy Law360 reports that the Hon. Robert E.
Grossman of the U.S. Bankruptcy Court for the Southern District of
New York has approved Seidman & Pincus LLC's withdrawal as counsel
for "Real Housewives of New Jersey" stars Christopher and
Jacqueline Laurita in an adversary proceeding brought against them
and others by Signature Apparel Group LLC.  According to Law360,
Seidman & Pincus claimed that his clients failed to pay more than
$290,000 in legal fees.

                  About Signature Apparel

Signature Apparel Group LLC owns the Fetish trademark and holds the
licenses for Rocawear Juniors and Artful Dodger.

In September 2009, Hitch & Trail Inc and Talful Ltd. filed an
involuntary Chapter 7 petition for Signature Apparel Group LLC in
the U.S. Bankruptcy Court for the Southern District of New York.
Santosh Nadgir at Reuters reported that the two creditors were
claiming that Signature Apparel owed them about $8.3 million.

On Sept. 4, 2009, Signature Apparel filed for Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Case No. 09-15378).  Signature
Apparel's plan was confirmed on July 1, 2010.

Judge Robert E. Grossman presides over the post-confirmation
proceedings in the case.  Signature Plan is represented by Kyle C.
Bisceglie, Esq., and Ellen V. Holloman, Esq., at Olshan Frome
Wolosky LLP; and Michael S. Fox, Esq., and Jonathan Koevary, Esq.,
at Olshan Grundman Frome Rosenzweig & Wolosky, LLP.


SINO CLEAN: District Court Affirms Dismissal of Ch. 11 Case
-----------------------------------------------------------
Former directors of Sino Clean Energy Inc., appealed from a
bankruptcy court's order dismissing the Chapter 11 petition they
filed on behalf of Sino.  In dismissing, the bankruptcy court
reasoned that only a corporation's current board of directors can
file for bankruptcy -- and here, at the time the appellants filed,
a state-appointed receiver had already removed them from their
director positions for mismanaging the company.  Because Sino's new
board of directors had not authorized the filing, the bankruptcy
court dismissed its petition.  On appeal, the appellants contend
that federal law preempts any state law (including a state
receiver) that restricts a company's directors from filing for
bankruptcy -- and that Sino's former directors therefore retained
the ability to file despite their ousting by the receiver.

According to Judge Jennifer A. Dorsey of the United States District
Court for the District of Nevada, the appellants' argument blurs
the line between two related -- but distinct -- rules: the rule
preventing states from barring corporations from filing for
bankruptcy, and the longstanding rule empowering states to bar
certain individuals from making that decision for a corporation.

Judge Dorsey declined the appellants' invitation to extend the rule
that states cannot bar corporations from the bankruptcy courts to
also mean that states cannot prevent certain individual directors
from being the ones who decide whether the corporation may file --
a question that has always been left to the states.  The bankruptcy
system is just as available to Sino now as it was before the
receiver was appointed; only the identity of the person making that
decision for Sino has changed, Judge Dorsey held.  Accordingly,
Judge Dorsey affirmed the bankruptcy court's dismissal.

The appeals case is SINO CLEAN ENERGY INC., acting by and through
BAOWEN REN, PENG ZHOU, WENJIE ZHANG, ZHIXIN JING, and PAUL CHUI;
and HUIQIN CHEN, LI HAN, GUANGJON HUANG, XIAODONG JIANG, XUELING
JING, YUFENG LI, HAICHO LI, LANYING LI, LIANG WANG, ZHEN WU, TING
XTE, HESHUN YANG, CHUNYUN ZHANG, TIEKUAN ZHANG, Appellants, v.
ROBERT W. SEIDEN, ESQ., in his capacity as Receiver over Sino Clean
Energy Inc., Appellee, No. 2:15-cv-01781-JAD (D. Nev.).

A full-text copy of Judge Dorsey's Order dated January 23, 2017, is
available at https://is.gd/zYgKMN from Leagle.com.

Sino Clean Energy, Inc., Appellant, represented by Matthew C.
Zirzow, Larson & Zirzow.

Robert W. Seiden, Appellee, represented by Douglas E. Spelfogel,
Esq. -- dspelfogel@foley.com -- Foley & Lardner LLP, Katherine R.
Catanese, Esq. -- kcatanese@foley.com -- Foley & Lardner LLP, pro
hac vice & Ryan Jefferson Works, Esq. -- rworks@mcdonaldcarano.com
-- McDonald Carano Wilson LLP.

                   About Sino Clean Energy Inc.

Sino Clean Energy Inc. -- http://www.sinocei.net/-- is a holding  
company.  The Company is a producer of clean coal heating and
energy solutions for residential, commercial and industrial uses
in
the People's Republic of China.  The Company produces and
distribute coals water slurry fuel (CWSF), which is a liquid fuel
that consists of fine coal particles suspended in water, mixed
with
chemical additives, and is used to fuel boilers and furnaces to
generate steam and heat for both residential / commercial heating
and industrial applications.  As of December 31, 2011, the Company
had total annual production capacity 1,150,000 metric tons of
CWSF.
The Company uses washed coal to produce CWSF, which the Company
procures from local coal mines.  The Company sells its CWSF
exclusively in the People's Republic of China to residential
complex development management companies, commercial businesses,
industrial users, and government organizations.

Sino Clean Energy, Inc., filed a Chapter 11 petition (Bankr. D.
Nev., Case No. 15-50934) on July 8, 2015, and is represented by
Matthew C. Zirzow, Esq., at Larson & Zirzow, LLC, in Las Vegas,
Nevada.

At the time of filing, the Debtor's estimated assets ranged from $1
million to $10 million and estimated liabilities ranged from $1
million to $10 million.


SOUTHERN TV: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Southern TV Corporation  
          dba WGSA Channel 35       
        401 Mall Blvd. Suite 201B
        Savannah, GA 31406

Case No.: 17-40134

Chapter 11 Petition Date: January 27, 2017

Court: United States Bankruptcy Court
       Southern District of Georgia (Savannah)

Judge: Hon. Edward J. Coleman III

Debtor's Counsel: James L Drake, Jr., Esq.
                  JAMES L. DRAKE, JR. P.C.
                  P. O. Box 9945
                  Savannah, GA 31412
                  Tel: 912-790-1533
                  E-mail: jdrake@drakefirmpc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Dan L. Johnson, CEO.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/gasb17-40134.pdf


SPIN CITY EC: Plan Confirmation Hearing on Feb. 22
--------------------------------------------------
The Hon. Catherine J. Furay of the U.S. Bankruptcy Court for the
Western District of Wisconsin has conditionally approved Spin City
EC L.L.C.'s disclosure statement dated Jan. 24, 2017, referring to
the Debtor's plan of reorganization dated Jan. 13, 2017.

The final hearing on approval of the Disclosure Statement and
confirmation of the Plan will be held on Feb. 22, 2017, at 9:00
a.m.

Objections to final approval of the Disclosure Statement and
confirmation of the Plan must be filed by Feb. 15, 2017, at 4:00
p.m.

Feb. 15, 2017, is the last day for filing written acceptances or
rejections of the Plan.  

Proposed findings of fact and conclusions of law, any legal
memorandum, and exhibit lists should be filed at least four days
prior to the final hearing.

                       About Spin City

Headquartered in Eau Claire, Wisconsin, Spin City EC L.L.C. filed
for Chapter 11 bankruptcy protection (Bankr. W.D. Wis. Case No.
16-13179) on Sept. 15, 2016, disclosing under $1 million in both
assets and liabilities. Erwin H. Steiner, Esq., at Otto & Steiner
Law, S.C., serves as the Debtor's bankruptcy counsel.


STAR WEST: Moody's Affirms B1 Rating on $545MM Secured Loans
-------------------------------------------------------------
Moody's Investors Service affirmed Star West Generation, LLC's B1
rating on its senior secured credit facilities consisting of $445
million in an outstanding senior secured term loan B due
March 2020 and a $100 million revolving credit facility due March
2020 (largely undrawn). The affirmation incorporates the recent
contract renewal at the Arlington Valley generating facility from
2020 to 2025 and recognizes modest positive market developments
that could benefit Star West. The outlook remains negative.

RATINGS RATIONALE

The B1 rating affirmation incorporates the recent execution of a
summer-only tolling contract at the 579 megawatt (MW) Arlington
Valley facility with an investment grade utility for a six-year
term starting June 2020 and expiring September 2025. The contract
affords cash flow stability post-term loan maturity, alleviating
Star West's refinancing risk to some degree. However, the contract
is of lower price and duration than the existing contract in place
and requires certain gas pipeline infrastructure cost obligations
to Star West that dilutes some of the financial benefits from the
contract. The contract covers 565 MW's and the summer months of
June through September and is expected to generate approximately
$36-$40 million of capacity revenue including an adder for variable
operations and maintenance costs and start charges. This is a
meaningfully credit positive development especially given the weak
power market in which the assets currently operate. Both Arlington
Valley and Griffith generally run only in the contracted summer
months and earn a modest $2-3 million in merchant energy margin in
aggregate, in non-summer months, hence the importance of stable and
predictable contracted cash flows.

The affirmation also considers potential early plant retirements in
the region, including the approximate 2.2 gigawatt Navajo
coal-fired unit, announced shortly after the December 2016
execution of the Arlington Valley contract, which increases
potential contracting opportunities in the region for natural gas
plants. The announced sale of the South Point Energy Center to
Nevada Power Company (NPC: Baa1, stable) also appears to receive
greater scrutiny from the Nevada Public Utility Commission, which
could lead to credit positive developments for Star West and its
Griffith plant, whose contract with NPC expires in September 2017.
Furthermore, Star West continues to generate positive cash-flow
(cash-flow available for debt service, or CFADS) and Moody's
anticipate the project will be able to sweep around $30 million for
debt reduction by its next cash sweep date in June 2017.

Despite the positive news resulting from the new Arlington Valley
contract, Moody's affirmation of the negative outlook owes to weak
power market fundamentals in the desert southwest and Moody's
expectations that the Griffith facility will operate on a merchant
basis after its summer-only tolling agreement with NPC expires this
September. Moody's forecast that the portfolio's debt service
coverage ratio (DSCR) will decline to around 1.5x in 2018 and 2019
from around 1.8x as of the twelve months-ended September 30, 2016.
This metric incorporates natural gas pipeline upgrade costs that
management has not yet confirmed but that Moody's have estimated in
Moody's projections to cost around $10 million over the next few
years. By 2020 and in the absence of a Griffith contract extension,
Moody's calculate that the portfolio's DSCR will fall further to
around 1.1x based on Moody's views that Griffith achieves $10-15
million of CFADS coupled with approximately $20-25 million of CFADS
generated at the Arlington Valley facility (under its new contract)
against roughly $30 - 32 million in debt service obligations. The
negative outlook also reflects the risk of Star West violating its
interest coverage covenants in late 2019 or early 2020 if
performance deviates materially from Moody's projections, though
Moody's believe that sufficient cushion exists based on the
covenant step-down from the current 1.6x to 1.35x in 2018 and 1.15x
at year-end 2019.

An eventual re-contracting of the 570MW Griffith facility prior to
2019 under terms that result in metrics above 1.5x and FFO/Debt
metrics around 10% would warrant consideration in stabilizing the
outlook at the B1 rating level. Material debt reduction greater
than $30 million anticipated cash sweep in 2017 and additional
similar amounts in 2018 could warrant stabilizing the rating at the
B1 rating level.

Further negative rating action would occur should Star West fail to
sweep excess cash (beyond the required 1% minimum amortization) to
reduce debt in 2017 or 2018. A rating downgrade would occur should
Star West fail to adequately replenish revolver borrowings during
the course of the year or should Star West violate its interest
coverage covenant. The rating could also be downgraded should
operating issues surface at either plant, particularly during the
peak summer months when both plant earn most of their revenue and
cash flow.

Star West owns the 570 MW Griffith and the 579 MW Arlington Valley
natural gas-fired, combined-cycle power generation projects in
Arizona. Arlington is contracted on a summer-basis through October
2019 for the months June to October and under its new contract from
2020 to 2025 for the months June to September with an investment
grade utility. Griffith has a summer-only tolling agreement with
NPC that expires in September 2017.

The principal methodology used in these ratings was Power
Generation Projects published in December 2012.


STONE ENERGY: Noteholders Ask Judge to Permit EQT to Join Bidding
-----------------------------------------------------------------
The ad hoc group of holders of notes -- issued pursuant to (i) the
Indenture dated as of March 6, 2012, among Stone Energy
Corporation, as issuer, Stone Energy Offshore, L.L.C., as
subsidiary guarantor, and The Bank of New York Mellon Trust
Company, N.A., as trustee, and (ii) the Second Supplemental
Indenture dated as of November 8, 2012, to Senior Indenture dated
as of January 26, 2010, among Stone, as issuer, Stone Offshore, as
subsidiary guarantor, and BNYM, as trustee -- asks the U.S.
Bankruptcy Court for the Southern District of Texas to amend the
Order Approving and Authorizing (A) Assumption of Purchase and Sale
Agreement, (B) Break-Up Fee and Expense Reimbursement, (C) Form and
Manner of Notice of the Sale Hearing and Assumption Procedures, (D)
The Purchase And Sale Agreement as the Stalking Horse Bid, (E)
Bidding Procedures, and (F) Related Relief.

Specifically, the Ad Hoc Noteholder Group requests a modification
to the Bidding Procedures Order to allow EQT Corporation to
participate as a potential bidder on the timeframe already
established in these cases.  The Group contends EQT's
representatives have confirmed to the professionals for the Ad Hoc
Noteholder Group that, in the event EQT determines to submit a bid
for the Appalachia Assets, it will be in a position to submit such
bid by the current bid deadline of February 3, 2017.

The Court has previously issued the Bidding Procedures Order, which
permits only the Stalking Horse Bidder and one additional party to
participate in the bidding process for the Debtors' proposed sale
of their Appalachia Assets. The bid deadline is set for February
3.

As reported by the Troubled Company Reporter on Jan. 25, 2017, the
Bankruptcy Court authorized Stone Energy and its debtor-affiliates
to assume the purchase agreement and sale agreement, dated Oct. 20,
2016, between the Debtors and TH Exploration III LLC, pursuant to
which the Debtors will sell substantially all of their oil and gas
leasehold interests in the Appalachia basin and certain other
assets, including without limitation, the oil, gas and mineral
leases of the Debtors located in Marshall, Wetzel, Tyler, Marion,
Monongalia, Gilmer and Ritchie counties, West Virginia and Clarion,
Susquehanna and Wayne Counties ("Appalachia Assets").

The Court also approved the bidding procedure for the sale of the
Appalachia Assets.

Pursuant to the bidding procedures, in the event that the Debtors
timely receive a qualified bid for the Appalachia Assets from
American Petroleum Partners or any affiliate ("APP"). An auction
will be held at the offices of Latham & Watkins LLP, 811 Main
Street, Suite 3700, Houston, Texas, on Feb. 8, 2017, at 10:00 a.m.
(prevailing Central Time).  Only TH Exploration and APP will be
entitled to make any bids.  

If APP desires to make a bid, it will deliver a written or
electronic copy of its bid to the parties identified in the
bidding
procedures on or before Feb. 3, 2017, at 5:00 p.m. (prevailing
Central Time).

The Ad Hoc Group relates that as the Court and parties in interest
may recall, EQT was contacted by TPH as part of the marketing
process conducted by the Company in respect of the Appalachia
Assets in March 2016.  EQT indicated an interest at that time in
moving forward with diligence, and executed a non-disclosure
agreement.  EQT actively diligenced the Appalachia Assets over the
course of the following period, and indeed was the only party
(aside from APP) to express an interest in the Assets following
execution of the PSA by the Stalking Horse Buyer on October 20,
2016. At that time, EQT was the only party to continue due
diligence efforts on the Appalachia Assets. Although the Ad Hoc
Noteholder Group understood that EQT had declined to move forward
in the process as of the date that the proposed bidding procedures
were initially before the Court, EQT informed the professionals for
the Ad Hoc Noteholder Group this morning that they would like to
reengage, and are prepared to comply with the terms of the Bidding
Procedures Order as they currently exist (subject, of course, to
any modification necessary to permit EQT to participate).

The Ad Hoc Noteholder Group believes that no party will be unfairly
prejudiced by adding EQT to the auction process and, to the
contrary, believes that the addition of a third reputable,
financially-capable party could ultimately result in an increased
purchase price for the Appalachia Assets -- an outcome that would
inure to the benefit of all stakeholders in these cases.

The Group also believes that -- given that the Debtors have
already, in accordance with the Court's direction and the Bidding
Procedures Order, updated their data room to bring APP up to speed
-- adding EQT to the process would not create an undue burden on
the Debtors or their management team. In any event, with only one
week remaining until the Bid Deadline, any strain on management
that may be imposed by allowing an additional bidder to participate
will be very limited in duration and, again, will be offset by the
incremental value that may be generated for the estates.

Counsel for the Ad Hoc Noteholder Group:

     Michael S. Stamer, Esq.
     Meredith A. Lahaie, Esq.
     AKIN GUMP STRAUSS HAUER & FELD LLP
     One Bryant Park, 44th Floor
     New York, New York 10036
     Tel: (212) 872-1000
     Fax: (212) 872-1002
     E-mail: mstamer@akingump.com
             mlahaie@akingump.com

          - and -

     Charles R. Gibbs, Esq.
     AKIN GUMP STRAUSS HAUER & FELD LLP
     1700 Pacific Avenue, Suite 4100
     Dallas, Texas 75201
     Tel: (214) 969-2800
     Fax: (214) 969-4343
     E-mail: cgibbs@akingump.com

                        About Stone Energy

Stone Energy Corp. is an independent oil and natural gas
exploration and production company headquartered in Lafayette,
Louisiana with additional offices in New Orleans, Houston and
Morgantown, West Virginia.  Stone is engaged in the acquisition,
exploration, development and production of properties in the Gulf
of Mexico and Appalachian basins. Stone Energy had 247 employees
as
of the bankruptcy filing.

Stone Energy Corp. and two affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Case Nos. 16-36390, 16-36391 and 16-36392) on
Dec. 14, 2016, to pursue a prepackaged plan of reorganization.
Judge Marvin Isgur is assigned to the cases.

The Debtors hired Latham & Watkins LLP as general counsel, Porter
Hedges LLP as local counsel; Vinson & Elkins LLP as special
counsel; Alvarez & Marsal North America, LLC as financial advisor;
Lazard Freres & Co. LLC, as investment banker; and Epiq Bankruptcy
Solutions, LLC as claims, noticing, solicitation and balloting
agent.


STONE ENERGY: Shareholders Agree EQT Should Join Bidding
--------------------------------------------------------
The ad hoc committee of Stone Energy Corporation's shareholders
informs the U.S. Bankruptcy Court for the Southern District of
Texas that it supports the request of the ad hoc group of holders
of notes to allow EQT Corporation to participate as a potential
bidder for the Debtors' assets.

The shareholder committee tells the Court that EQT "is a leading
producer in the Appalachia Basin, and its participation in the sale
process will likely enhance the value received by the estates and
provide additional assurance that the transaction will close
timely."

Counsel to the Ad Hoc Group of Stone Energy Shareholders:

     David Gerger, Esq.
     Emily Smith, Esq.
     QUINN EMANUEL URQUHART SULLIVAN, LLP
     711 Louisiana St., Suite 500
     Houston, Texas 77002
     Telephone: (713) 221-7000
     Facsimile: (713) 221-7100

          - and -

     Benjamin I. Finestone, Esq.
     Victor Noskov, Esq.
     QUINN EMANUEL URQUHART SULLIVAN, LLP
     51 Madison Avenue
     New York, New York 10010
     Telephone: (212) 849-7000
     Facsimile: (212) 849-7100

          - and -

     K. John Shaffer, Esq.
     QUINN EMANUEL URQUHART SULLIVAN, LLP
     865 S. Figueroa Street, 1oth Floor
     Los Angeles, California 90017
     Telephone: (213) 443 -3 000
     Facsimile: (213) 443-3 100

                        About Stone Energy

Stone Energy Corp. is an independent oil and natural gas
exploration and production company headquartered in Lafayette,
Louisiana with additional offices in New Orleans, Houston and
Morgantown, West Virginia.  Stone is engaged in the acquisition,
exploration, development and production of properties in the Gulf
of Mexico and Appalachian basins. Stone Energy had 247 employees
as
of the bankruptcy filing.

Stone Energy Corp. and two affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Case Nos. 16-36390, 16-36391 and 16-36392) on
Dec. 14, 2016, to pursue a prepackaged plan of reorganization.
Judge Marvin Isgur is assigned to the cases.

The Debtors hired Latham & Watkins LLP as general counsel, Porter
Hedges LLP as local counsel; Vinson & Elkins LLP as special
counsel; Alvarez & Marsal North America, LLC as financial advisor;
Lazard Freres & Co. LLC, as investment banker; and Epiq Bankruptcy
Solutions, LLC as claims, noticing, solicitation and balloting
agent.

                        About Stone Energy

Stone Energy Corp. is an independent oil and natural gas
exploration and production company headquartered in Lafayette,
Louisiana with additional offices in New Orleans, Houston and
Morgantown, West Virginia.  Stone is engaged in the acquisition,
exploration, development and production of properties in the Gulf
of Mexico and Appalachian basins. Stone Energy had 247 employees
as
of the bankruptcy filing.

Stone Energy Corp. and two affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Case Nos. 16-36390, 16-36391 and 16-36392) on
Dec. 14, 2016, to pursue a prepackaged plan of reorganization.
Judge Marvin Isgur is assigned to the cases.

The Debtors hired Latham & Watkins LLP as general counsel, Porter
Hedges LLP as local counsel; Vinson & Elkins LLP as special
counsel; Alvarez & Marsal North America, LLC as financial advisor;
Lazard Freres & Co. LLC, as investment banker; and Epiq Bankruptcy
Solutions, LLC as claims, noticing, solicitation and balloting
agent.


STONEWAY CAPITAL: Moody's Assigns 'B3' Rating on $500MM Notes
-------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Stoneway Capital
Corporation's proposed US$500 million senior secured notes due
2027. The rating outlook is stable.

Proceeds from the notes will partially fund a total of $636.5
million project (including project costs and expenses) to install
686 Megawatts (MW) in new thermal capacity in four different
locations in the Argentinean Province of Buenos Aires. Stoneway
Capital will contribute $136.5 million in equity.

Moody's has reviewed the preliminary draft legal documentation
provided to date related to the debt issuance. The assigned rating
assumes that there will be no material variation from the drafts
reviewed and that all agreements will be legally valid, binding and
enforceable.

RATINGS RATIONALE

The B3 rating is based on the project´s fundamental strengths,
including its highly contracted nature upon completion. Moody´s
recognizes the relatively simple nature of the project, the
strategic need for its completion, and its relatively low
construction complexity. In addition, Moody´s considered the
significant involvement, ample experience and track record of
Siemens AG (A1, stable), who through several affiliates, will be
party to the project throughout its life as the constructor,
equipment provider and operator.

Once in operation, the project will produce stable and predictable
monthly cash flows from capacity payments independent of actual
generation. The project has a 10 year availability power purchase
agreement (PPA) with Compañia Administradora del Mercado Mayorista
Electrico (Cammesa), the electricity grid operator in Argentina (B3
stable) that manages the wholesale electricity market. Operating
and maintenance (O&M) expenses are also highly predictable, derived
from the fixed price O&M service contract in place for the life of
the project, also with Siemens. In addition, there is no fuel
exposure, given that under the PPA, Cammesa will be responsible for
providing the fuel required to operate the plants.

While capacity payments are subject to certain penalties if
performance or availability are below the PPA requirements,
sensitivities introduced to the financial model stressing the
potential for penalties had a moderate impact on operating cash
flows. Moreover, any discounts on monthly capacity payments that
may occur due to performance issues are largely mitigated by a
number of factors, including liquidated damages (LDs) from Siemens,
the equipment provider, as it relates to availability and fuel
consumption/heat rate performance, among others. Once operating,
Moody's expects the project to produce a debt service coverage
ratio (DSCR) of over 1.4 times over the life of the contract with
the debt being fully amortized at maturity.

However, the B3 rating incorporates a number of weaknesses in the
structure during the project´s construction phase, including a
tight construction schedule of 11 months that results in limited
liquidity cushions should the project face any delay or cost
overrun. Specifically, the financing of the project is structured
such that the four plants are expected to be operational by
December 1st, 2017, wherein cash flow generation will commence. The
transaction is expected to be funded under the timeframe consistent
with the construction contract accounts (EPC) including the funding
at financial close of a reserve for interest during construction
(IDR) equivalent to 11 months of interest. Additionally, the
financing incorporates $25 million of contingent liquidity that
helps mitigate unplanned cost overruns not covered under the scope
of the EPC contract as well as alternative potential delays in
construction that would lead to a lag in cash flow generation. The
project does not have a pre-funded debt service reserve account
(DSRA) which in Moody's view is a credit negative but incorporated
into the B3 rating. The DSRA will be fully funded during the first
year of operations from internal cash flow generation. Finally,
sponsors have posted a USD 77 million performance bond in favor of
Cammesa, the PPA off-taker, to guarantee potential delays in
construction. Importantly, the assigned B3 rating considers that
the project is exposed to the Argentine regulatory framework for
power companies that over the past years has been erratic and that
all of the projects revenues under the PPA are contracted with
Cammesa.

Outlook

The stable rating outlook considers Moody's expectation that the
project will be completed without material cash mismatches in light
of the features embedded in the structure such as liquidated
damages and contingent liquidity

WHAT COULD CHANGE THE RATING UP/DOWN

Given the tight schedule in completing construction, the limited
liquidity and the potential ramp up risks at the beginning of
operations for a new project in a new market, there is limited
potential for the rating to be upgraded over the rating horizon or
before the starting of commercial operations. Once in operation,
should the plant demonstrate strong operating performance, upward
pressure in the rating could emerge, particularly with a positive
rating action for the sovereign rating (currently B3, stable).

The B3 rating assumes that potential delays and or cost overruns
will be limited and covered by the structural features embedded in
the financing structure. However, any expectation of material
delays in construction would exert downward pressure on the
rating.

Corporate Profile

Stoneway Capital Corporation is a corporation incorporated in New
Brunswick, Canada, formed for the purpose of owning and operating,
through its Argentine subsidiaries, Araucaria Energy S.A. and SPI
Energy S.A., power generation projects that will provide
electricity to the wholesale electricity markets in Argentina.

The principal methodology used in these ratings was Power
Generation Projects published in December 2012.


STRATEGIC ASSET: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

     Debtor                                            Case No.
     ------                                            --------
     Strategic Asset Acquisition LLC                   17-00799
     4425 N 24th St, Ste 200
     Phoenix, AZ 85016

     Warner and McQueen Classic Car Spa LLC            17-00800
     4425 N 24th St, Ste 200
     Phoenix, AZ 85016

     Grant Road Classic Car Spa LLC                    17-00801
     4425 N 24th St, Ste 200
     Phoenix, AZ 85016

     Palm Valley Classic Car Spa LLC                   17-00802

     56th Street Classic Car Spa LLC                   17-00803

Chapter 11 Petition Date: January 27, 2017

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. Paul Sala (17-00799 and 17-00800)
       Hon. Madeleine C. Wanslee (17-00801)

Debtors' Counsel: Michael W. Carmel, Esq.
                  MICHAEL W. CARMEL, LTD.
                  80 E. Columbus Ave
                  Phoenix, AZ 85012-4965
                  Tel: 602-264-4965
                  Fax: 602-277-0144
                  E-mail: michael@mcarmellaw.com

                                         Estimated   Estimated
                                           Assets   Liabilities
                                         ---------  -----------
Strategic Asset                        $100K-$500K   $10M-$50M
Warner and McQueen                       $1M-$10M    $1M-$10M
Grant Road Classic                       $0-$50K     $1M-$10M

The petitions were signed by James R. Barrons, managing member.

A copy of Strategic Asset's list of 20 largest unsecured creditors
is available for free at http://bankrupt.com/misc/azb17-00799.pdf


SUNEDISON INC: Court Limits CSI's Rule 2004 Examination
-------------------------------------------------------
Judge Stuart M. Bernstein of the United States Bankruptcy Court for
the Southern District of New York denied, except to a limited
extent, the application for a Rule 2004 examination filed by CSI
Leasing, Inc., and CSI Leasing Malaysia Sdn. Bhd.

CSI sought authorization to examine the debtors pursuant to Rule
2004 of the Federal Rules of Bankruptcy Procedure.  The proposed
examination broadly relates to the sale of assets by SunEdison
Kuching Sdn. Bhd. (SEK) -- a non-debtor wholly-owned subsidiary of
the debtor SunEdison Products Singapore Pte. Ltd. (SEPS) -- who
owes money to CSI, and the upstreaming of the sales proceeds to the
debtors.  SEK is currently the subject of a Malaysian insolvency
proceeeding.

The debtors opposed the application, characterizing CSI's request
as premature, overly broad, speculative and unduly burdensome.  The
debtors argued that they have agreed to allow CSI's claims, and CSI
does not need the information to frame its claims.

Judge Bernstein found that CSI's claims, while significant in face
value, are small when viewed in the context of chapter 11 cases
involving over $5 billion in debt with little prospect of anything
more than a small recovery for unsecured creditors.  The judge
noted that the debtors had already produced over 1,200 pages of
information responsive to requests as well as supplemental requests
not included in the application.  These documents covered, among
other things, SEK's asset purchase agreement, information showing
the flow of funds, and the Malaysian insolvency proceeding.  CSI
wants more, but the judge found that the cost of retrieving,
reviewing and producing "all documents and communications" relating
to each of the specific requests may exceed CSI's distribution in
the debtors' cases, and some of the requests could be made by every
creditor and equity interest holder in these cases.  Moreover, the
judge also noted that the debtors have determined to allow CSI's
two claims, and the additional discovery does not appear to be
necessary to resolve any material issues in these chapter 11 cases
between CSI and the debtors.

Turning to the requests, Judge Bernstein found that CSI has not
established cause for most of the information it seeks.  The judge
pointed out that the cause that CSI is required to demonstrate must
relate to the bankruptcy cases.  The judge found that although many
of the requests are ostensibly relevant to the subject matter of
the debtors' cases, the primary focus of the application is the
need for information to use in the Malaysian insolvency proceeding.


Nevertheless, the party seeking Rule 2004 discovery must show a
need or undue hardship relating to the bankruptcy case in which the
information is sought, not in some other, foreign proceeding.

Judge Bernstein also found that the extent of the discovery that
CSI demands pertaining to the upstream and other requests within
the scope of Rule 2004 is disproportionate.  The judge found that
CSI has not placed reasonable limits on the sources or types of
information that the debtors must search for and retrieve, has not
articulated a rationale for compelling the production of all
documents and communications relating to the upstream, and that
other requests are premature, unnecessary or overly broad.  The
judge also found the request relating to the adequate protection of
CSI's interests as perplexing because unsecured creditors like CSI
do not have an interest in property of the estate that merits
adequate protection, and there is no express statutory requirement
that unsecured creditors receive adequate protection.

Accordingly, Judge Bernstein denied the application except to the
extent that the debtors are directed to provide sufficient
information to identify the flow of funds that comprise the
upstream.

A full-text copy of Judge Bernstein's January 18, 2017 memorandum
decision and order is available at
http://bankrupt.com/misc/nysb16-10992-smb-2280.pdf

CSI Leasing, Inc. and CSI Leasing Malaysia Sdn. Bhd. are
represented by:

          Daniel R. Seaman, Esq.
          McCARTER & ENGLISH, LLP
          245 Park Ave., 27th Floor
          New York, NY 10167
          Tel: (212)609-6800
          Fax: (212)609-6921
          Email: dseaman@mccarter.com

Debtors and Debtors-in-Possession are represented by:

          Frank A. Oswald, Esq.
          Brian F. Moore, Esq.
          TOGUT, SEGAL & SEGAL LLP
          One Penn Plaza, Suite 3335
          New York, NY 10119
          Tel: (212)594-5000
          Fax: (212)967-4258
          Email: frankoswald@teamtogut.com
                 bmoore@teamtogut.com

                       About SunEdison, Inc.

SunEdison, Inc. (OTC PINK: SUNEQ), is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean power
generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong, the senior vice
president, general counsel and secretary, signed the petitions.

The Debtors disclosed total assets of $20.7 billion and total debt
of $16.1 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rothschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.  The Debtors
employed PricewaterhouseCoopers LLP as financial advisors; and KPMG
LLP as their auditor and tax consultant.

SunEdison also has tapped Eversheds LLP as its special counsel for
Great Britain and the Middle East.  Cohen & Gresser LLP has also
been retained as special counsel.

The Debtors retained Ernst &Young LLP to provide tax-related
services.  Keen-Summit Capital Partners LLC has been hired as real
estate advisor.  Binswanger of Texas, Inc. also has been retained
as real estate agent.

Sullivan & Cromwell LLP serves as counsel to TerraForm Power,
Inc., and TerraForm Global, Inc.

An official committee of unsecured creditors has been appointed in
the case.  The Committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.  Togut, Segal & Segal LLP and Kobre & Kim LLP serve as
conflicts counsel.  Alvarez & Marsal North America, LLC, serves as
the Committee's financial advisors.

Counsel to the administrative agent under the Debtors' prepetition
first lien credit agreement are Richard Levy, Esq., and Brad
Kotler, Esq., at Latham & Watkins.

Counsel to the administrative agent under the postpetition DIP
financing facility are Scott Greissman, Esq., and Elizabeth Feld,
Esq. at White & Case LLP.

Counsel to the Tranche B Lenders (as defined in the DIP credit
agreement) and the steering committee of the second lien creditors
are Arik Preis, Esq., and Naomi Moss, Esq., at Akin Gump Strauss
Hauer & Field, LLP.

Counsel to the administrative agent under the Debtors' prepetition
second lien credit agreement is Daniel S. Brown, Esq., at
Pillsbury Winthrop Shaw Pittman LLP.

The collateral trustee under the Debtors' prepetition second lien
credit agreement and the indenture trustee under each of the
Debtors' outstanding bond issuances, is represented by Marie C.
Pollio, Esq., at Shipman & Goodwin LLP.

Counsel to the ad hoc group of certain holders of the Debtors'
convertible senior notes is White & Case LLP's Tom Lauria, Esq.


SUNVALLEY SOLAR: Files Financial Statements of Rayco Energy
-----------------------------------------------------------
As previously disclosed in SunValley Solar, Inc.'s quarterly report
on Form 10-Q filed May 23, 2016, the Company entered into a
securities purchase agreement with the shareholders of Rayco
Energy, Inc. effective May 15, 2016.  Under the Agreement, the
Company acquired 100% of Rayco's issued and outstanding shares of
capital stock.

The Company filed with the Securities and Exchange Commission the
audited financial statements for Rayco for the fiscal years ended
Dec. 31, 2015, and 2014, together with the unaudited financial
statements for Rayco for the quarter ended March 31, 2016.  In
addition, pro forma consolidated financial statements for the
periods ended December 31, 2015 and March 31, 2016.  The filings
are available for free at:

                       https://is.gd/cnPHZH

                      About Sunvalley Solar

Sunvalley Solar, Inc., is a California-based solar power
technology and system integration company.  Since the inception of
its business in 2007, the company has focused on developing its
expertise and proprietary technology to install residential,
commercial and governmental solar power systems.

Sunvalley Solar reported net income of $195,811 on $5.78 million of
revenues for the year ended Dec. 31, 2015, compared with a net loss
of $1.28 million on $3.31 million of revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Sunvalley had $6.62 million in total assets,
$5.38 million in total liabilities and $1.23 million in total
stockholders' equity.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has an accumulated deficit of $3.45 million, which raises
substantial doubt about its ability to continue as a going
concern.


TANNER COMPANIES: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Tanner Companies, LLC
        PO Box 1139
        Rutherfordton, NC 28139

Case No.: 17-40029

Chapter 11 Petition Date: January 27, 2017

Court: United States Bankruptcy Court
       Western District of North Carolina (Shelby)

Judge: Hon. Craig J. Whitley

Debtor's Counsel: Joseph W. Grier, III, Esq.
                  GRIER, FURR & CRISP, P.A.
                  101 N. Tryon Street, Suite 1240
                  One Independence Center
                  Charlotte, NC 28246
                  Tel: (704) 332-0201
                  Fax: (704) 332-0215
                  E-mail: jgrier@grierlaw.com

                     - and -

                  Michael Leon Martinez, Esq.
                  GRIER FURR & CRISP, P.A.
                  101 North Tryon Street, Suite 1240
                  Charlotte, NC 28246
                  Tel: 7043753720
                  Fax: 7043320215
                  E-mail: mmartinez@grierlaw.com

Total Assets: $4.30 million

Total Liabilities: $18.12 million

The petition was signed by Elaine T. Rudisill, chief restructuring
officer.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/ncwb17-40029.pdf


TERRANOVA LANDSCAPES: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Terranova Landscapes, Inc.
           dba Terranova Fine Landscapes
        10 Wilcox Avenue
        Center Moriches, NY 11934

Case No.: 17-70472

Chapter 11 Petition Date: January 27, 2017

Court: United States Bankruptcy Court
       Eastern District of New York (Central Islip)

Judge: Hon. Louis A. Scarcella

Debtor's Counsel: Gary C Fischoff, Esq.
                  BERGER, FISCHOFF & SHUMER, LLP
                  6901 Jericho Turnpike, Suite 230
                  Syosset, NY 11791
                  Tel: 516-747-1136
                  E-mail: gfischoff@bfslawfirm.com
                          hberger@bfslawfirm.com

Total Assets: $827,529

Total Liabilities: $2.07 million

The petition was signed by Eric Searles, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/nyeb17-70472.pdf


TH AGRICULTURE: Ousts Steven L. Carter as Manager
-------------------------------------------------
Jeff Montgomery, writing for Bankruptcy Law360, reports that T.H.
Agriculture & Nutrition, L.L.C., asked Delaware's Chancery Court to
confirm the ouster of Steven L. Carter, the firm's manager, due to
his alleged years of malfeasance, including "lavish," self-approved
bonuses.  T.H. Agriculture and its parent trust, led by Seth J.
Arnowitz, also sought a temporary restraining order barring Mr.
Carter from continuing to act in his former official position in
any way, Law360 relates.

Headquartered in New York, T.H. Agriculture & Nutrition L.L.C.
manages the defense and resolution of the asbestos PI claims and
certain commercial real estate.  Prior to 1984, the Company made
agricultural products and chemicals for various industrial and
agricultural applications.  Between 1960 and $1980, the Company
distributed asbestos fiber in certain parts of the United States.

The Company was originally incorporated as Thompson-Munro-Robbins
Chemical Co. under Missouri law in January 1917.  The Company
changed its name in 1923 to Thompson, Hayward & Schlueter, Inc.,
and again in 1925 to Thompson-Hayward Chemical Co.

In addition, the Company distributed Chrysotile asbestos fiber,
majority of which was supplied by Carey Canadian Mines Ltd; and
laundry products and vermiculite; and talc.

The Company filed for Chapter 11 bankruptcy protection in the U.S.
Bankruptcy Court for the Southern District of New York on Nov. 24,
2008.  Attorneys at Cadwalader, Wickersham & Taft LLP and Stutzman,
Bromberg, Esserman & Plifka represented the Company in their
restructuring effort.

American Securities Advisors LLC served as financial advisor.
Kurtzmann Caron Consultants LLC served as claims agent.  As of Aug.
31, 2008, the Company had assets of $77,989,574 against debts of
$576,762,896.

The Company emerged from bankruptcy in 2008.


TOISA LIMITED: Case Summary & 30 Largest Unsecured Creditors
------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

     Debtor                                        Case No.   
     ------                                        --------
     Toisa Limited                                 17-10184
     c/o Sealion Shipping Limited
     Gostrey House, Union House
     Farnham Surrey GU9 7PT
     United Kingdom

     Trade Prosperity, Inc.                        17-10183
     United Courage, Inc.                          17-10185
     Trade Vision, Inc.                            17-10186
     United Journey, Inc.                          17-10187
     United Kalavryta, Inc.                        17-10188
     Trade Sky, Inc.                               17-10189
     Trade Industrial Development Corporation      17-10190
     United Seas Inc.                              17-10191
     United Honor, Inc.                            17-10192
     Trade Will, Inc.                              17-10193
     United Leadership Inc.                        17-10194
     United Dynamic, Inc.                          17-10195
     United Emblem, Inc                            17-10196
     United Ideal, Inc.                            17-10197
     Trade Unity, Inc.                             17-10198
     Trade Quest, Inc.                             17-10199
     Trade Spirit, Inc.                            17-10200
     Trade Resource, Inc.                          17-10201
     United Ambassador, Inc.                       17-10202
     Edgewater Offshore Shipping, Ltd.             17-10203
     United Banner, Inc.                           17-10204
     Toisa Horizon, Inc.                           17-10205
     Trade and Transport Inc.                      17-10206

Type of Business: Shipping

Chapter 11 Petition Date: January 29, 2017

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Debtors' Counsel: Albert Togut, Esq.
                  Frank A. Oswald, Esq.
                  Brian F. Moore, Esq.
                  Kyle J. Ortiz, Esq.
                  TOGUT, SEGAL & SEGAL LLP
                  One Penn Plaza, Suite 3335
                  New York, NY 10119
                  Tel: (212) 594-5000
                  Fax: (212) 967-4258
                  E-mail: alcourt@teamtogut.com
                          frankoswald@teamtogut.com
                          bmoore@teamtogut.com
                          kortiz@teamtogut.com
                          altogut@TeamTogut.com


Debtors'
Financial
& Restructuring
Advisor:          SCURA PALEY AND COMPANY

Debtors'
Claims &
Noticing
Agent:            KURTZMAN CARSON CONSULTANTS LLC
                  2335 Alaska Avenue
                  El Segundo, CA 90245
                  Tel: (888) 830-4662

Estimated Assets: $1 billion to $10 billion

Estimated Debts: $1 billion to $10 billion

The petitions were signed by Richard W. Baldwin, deputy chairman.

Debtors' Consolidated List of 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
China Shipping Industry               Contract        $23,115,000
(Jiangsu) Co, Ltd.                  Counterparty
No.1 Yingzhou Rd, Jiangdu
Development Zone along the Yangtze
River City, Jiangsu Provice, P.R. China

Price Forbes & Partnres Ltd           Insurance        $1,153,036
6th Floor, 2 Minster Court
UK EC36R 7PD
Tel: 02072048400
Email: ChrisTaylor@priceforbes.com
       grahamfindlay@priceforbes.com Chris

Bunkersfuels                           Supplier          $679,924
60 Poseidonos AV., Glyfada,
Athens GR 166 75 Greece
Tel: 30 210 8985920
Email: margyrou@wfscorp.com
Attn: M. Argyrou

Marsh (H+M)                            Insurance         $254,616
1 Tower Place West
Tower Place London, UK
Tel:0044 02073571000
Attn: Soanes Charlotte
Email: charlotte.soanes@marsh.com

Seascope Insurance                     Insurance         $214,083
Email: enquiries@seains.com

Premas AS                                Vendor           $80,429
Email: sales@premas.no &
       support@premas.no

American Bureau of Shipping              Vendor           $72,389
Email: dparikidis@eagle.org

Stockbridge Shipbrokers Limited          Vendor           $72,223
Email: info@stockbridge-shipbrokers.co.uk

Carlson Wagonlit Travel                 Supplier          $59,652

Llloyds Register Emea                    Vendor           $50,948
Shared SE
Email: Nigel.Worsley@lr.org
       Charles.Haskel@lr.org

Andriatour Athinai EPE                   Vendor           $47,220
Email: adriatour@ath.forthnet.gr

San Pedro Harbor Ship                   Supplier          $39,429
Supply Co. Ltd.
Email: sanpedro@shipsupplygroup.com

TTS Offshore Handling Equipment          Vendor           $38,712
Email: Erik.Roed@ttsgroup.com

Ellinikes Radioypiresies AE             Supplier          $34,679
Email: mobile@hrsmobile.gr

Nordic Maritime Services                Supplier          $33,018
Email: info@nordmarine.eu

Gulf Marine and                         Supplier          $28,134
Industrial Supplies Inc.
Email: www.gulfmarine.net

Rolls Royce Marine Benelux BV            Vendor           $24,168
Email: Jon.Gutteridge@rolls-
24,168.10 royce.com & keith.tyler@rolls-royce.com

Ijin Marine Limited                     Supplier          $23,951
Email: ijinmarine@163.com

St. John's Port Authority                Vendor           $20,413
Email: info@sjpa.com

OCS HR AS                                Vendor           $18,789

Kongsberg Maritime DO Brasil SA         Supplier          $18,188
Email: km.support.rio.merchant@km.kongsberg.com

Afritramp Paris                          Vendor           $17,581

Liscr LLC                                Vendor           $17,046
Email: accounting@liscr.com

USG Services LLC                         Vendor           $14,637

Videotel Marine                          Vendor           $15,107
International Ltd

Wilhemsen Ships Services AS             Supplier          $12,871

Renk AKTIENSELLSCHAFT                    Vendor           $12,857

Grand Bahama Shipyard Ltd.              Shipyard          $12,256

Elcome International LLC                  Vendor           $9,790
Email: info@elcome.ae

PF Collins Customs Broker Ltd.            Vendor           $8,000


TOISA LIMITED: Files for Bankruptcy Blaming Oil Price Slump
-----------------------------------------------------------
Toisa Limited, along with 23 of its affiliates, filed a voluntary
petition under Chapter 11 of the Bankruptcy Code on Jan. 29, 2017.
The vessel-owning companies commenced the Chapter 11 cases
following the prolonged slump in oil prices as well as the sudden
material decline in tanker rates during late summer of 2016.

The Company said that while it would have preferred to complete an
out-of-court financial restructuring, its complex debt structure
and bipartite lender group made filing Chapter 11 necessary to
provide a single forum for all continuing conversations with
lenders.  With the protections afforded by Chapter 11, Toisa hopes
that those discussions will result in agreements.

Headquartered in Hamilton, Bermuda, Toisa owns and operates
offshore support vessels for the oil and gas industry.  The
Company's vessels operate in the North Sea, Brazil, Southeast Asia,
West Africa, the Mediterranean, Sakhalin Island, and the Gulf of
Mexico.  Founded in 1982, the Debtors' current fleet consists of 26
offshore oil service vessels, 13 tankers, and seven bulkers.

The decline in oil prices, and the resulting decrease in capital
expenditure by oil exploration and production companies, led to a
significant reduction in demand for the Debtors' offshore supply
vessels, said Toisa in court papers.

"Over the past 18 months, the Debtors' utilization rate for its
offshore supply vessels has dropped from 85% in 2014 to well below
50% as of the Petition Date, and the Debtors have, at times, been
forced to accept rates below certain vessel's operating expenses to
maintain customer relationships and goodwill," according to Robert
Hennebry, chief financial officer of Toisa.

As early as 2015, the Debtors undertook an aggressive costs savings
program including, reducing yearly OPEX expenditures by $40 million
and cancelling a new shipbuilding contract due to late delivery.
This plan, which continued in 2016, included laying up 21 vessels,
on and offshore staff reductions of 52 and 730 employees
respectively, closing their offices in Singapore and Aberdeen,
negotiating reductions in crew wages and reducing supplier costs.

Despite these measures, the Debtors said they and their advisors
anticipate that utilization and day rates for offshore support
vessels will remain under pressure through the end of 2017.  They
added that the significant cash flow pressure and the projected
continued repayment of principal as scheduled would result in cash
being exhausted by the middle of 2017.

The Debtors' top five largest secured creditors are: (1) Danish
Ship Finance A/S, $121,928,220; (2) DNB Bank ASA - $115,050,000;
(3) ING Bank, N.V., London Branch - $114,591,921; (4) Citibank
International Plc - $99,492,857; and (5) BNP Paribas S.A. -
$82,289,889.

The cases are pending joint administration under Case No. 17-10184
before the Hon. Shelley C. Chapman in the U.S. Bankruptcy Court for
the Southern District of New York.

The Debtors have hired Togut, Segal & Segal LLP as counsel;
Scura Paley and Company as financial and restructuring advisor;
and Kurtzman Carson Consultants LLC as claims and noticing agent.

Sealion Shipping Ltd., Marine Management Services and Marine
Management Bulk Services, Farnham Marine Agency Ltd., Sealion do
Brasil Navagacao Ltda., Sealion do Corcovado Navagacao Ltda., and
Brokerage & Management Corp. are not part of the Chapter 11 filing.


TOOLING SCIENCE: Disclosures OK'd; Plan Hearing on March 7
----------------------------------------------------------
The Hon. William J. Fisher of the U.S. Bankruptcy Court for the
District of Minnesota has approved Tooling Science, Inc.'s
disclosure statement dated Jan. 23, 2017, referring to a modified
Plan under Chapter 11 of the Code filed on Jan. 23, 2017.

A hearing to consider confirmation of the Plan will be held on
March 7, 2017, at 1:30 p.m.

Seven days prior to the confirmation hearing is fixed as the last
day to timely deliver an objection to confirmation of the Plan, and
10 days prior to the hearing is the last day to timely mail an
objection.

The last day to timely file ballots to accept or reject the Plan is
five days prior to the Confirmation Hearing.  Unless otherwise
ordered, the proponent's attorney and the unsecured creditors'
committee's attorney will jointly count the ballots and file a
report of tabulation not later than 24 hours before the
Confirmation Hearing.

                     About Tooling Science

Tooling Science, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Minn. Case No. 16-41999) on June 30,
2016.  The petition was signed by Brian Burley, president.

The case is assigned to Judge Hon. William J Fisher.

Thomas 1. Flynn, Esq., at Larkin Hoffman Daly & Lindgren Ltd.
serves as the Debtor's bankruptcy counsel.

At the time of the filing, the Debtor estimated its assets at $0 to
$50,000 and liabilities at $1 million to $10 million.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in
the Chapter 11 case of Tooling Science, Inc.


TRANSGENOMIC INC: Kevin Douglas Reports 4.2% Stake as of Dec. 31
----------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Kevin Douglas disclosed that as of Dec. 31, 2016, he
beneficially owns 1,046,860 shares of common stock of Transgenomic,
Inc. representing 4.2 percent of the shares outstanding.  The
percentage is based on 24,786,244 shares of common stock
outstanding as of Oct. 31, 2016, as reported on the Issuer's 10-Q
for the quarter ended Sept. 30, 2016, filed with the SEC on Nov.
14, 2016.

Kevin Douglas and his wife, Michelle Douglas, jointly as the
beneficiaries and co-trustees of the K&M Douglas Trust, hold
278,332 shares and a currently exercisable warrant to purchase
92,079 shares at a price of $6.50 per share; however, this warrant
is exercisable only to the extent that such exercise would not
cause the beneficial ownership of this affiliated group to exceed
15% of the outstanding shares.  In addition, Kevin Douglas and
Michelle Douglas are co-trustees of the James Douglas and Jean
Douglas Irrevocable Descendants' Trust, which holds 351,666 shares
and a currently exercisable warrant to purchase 75,966 shares at a
price of $6.50 per share; however, this warrant is exercisable only
to the extent that such exercise would not cause the beneficial
ownership of this affiliated group to exceed 15% of the outstanding
shares.

Kevin Douglas has dispositive power with respect to 153,332 shares
held by the Douglas Family Trust and 33,333 shares held by James E.
Douglas III.  Kevin Douglas also has dispositive power with respect
to currently exercisable warrants to purchase 39,133 and 23,019
shares of common stock held by the Douglas Family Trust and James
E. Douglas III, respectively, at a price of $6.50 per share;
however, these warrants are exercisable only to the extent that
such exercise would not cause the beneficial ownership of this
affiliated group to exceed 15% of the outstanding shares.

In addition, these reporting persons also disclosed beneficial
ownership of the Company: (a) Michelle Douglas, 798,043 common
shares; (b) James E. Douglas III, 56,352 common shares; (c) K&M
Douglas Trust, 370,411 common shares; (d) Douglas Family Trust,
192,465 common shares; and (e) James Douglas and Jean Douglas
Irrevocable Descendants' Trust, 427,632 common shares.

A full-text copy of the regulatory filing is available at:

                      https://is.gd/LLGazg

                        About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global
biotechnology company advancing personalized medicine in
cardiology, oncology, and inherited diseases through its
proprietary molecular technologies and world-class clinical and
research services.  The Company is a global leader in cardiac
genetic testing with a family of innovative products, including
its C-GAAP test, designed to detect gene mutations which indicate
cardiac disorders, or which can lead to serious adverse events.
Transgenomic has three complementary business divisions:
Transgenomic Clinical Laboratories, which specializes in molecular
diagnostics for cardiology, oncology, neurology, and mitochondrial
disorders; Transgenomic Pharmacogenomic Services, a contract
research laboratory that specializes in supporting all phases of
pre-clinical and clinical trials for oncology drugs in
development; and Transgenomic Diagnostic Tools, which produces
equipment, reagents, and other consumables that empower clinical
and research applications in molecular testing and cytogenetics.
Transgenomic believes there is significant opportunity for
continued growth across all three businesses by leveraging their
synergistic capabilities, technologies, and expertise.  The
Company actively develops and acquires new technology and other
intellectual property that strengthens its leadership in
personalized medicine.

Transgenomic reported a net loss available to common stockholders
of $34.3 million on $1.65 million of net sales for the year ended
Dec. 31, 2015, compared to a net loss available to common
stockholders of $15.08 million on $1.24 million of net sales for
the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Transgenomic had $2.07 million in total
assets, $19.90 million in total liabilities and a total
stockholders' deficit of $17.82 million.


VIOLIN MEMORY: Soros Fund's Unit Wins Auction with $14.5MM Bid
--------------------------------------------------------------
Violin Memory, Inc., filed with the U.S. Bankruptcy Court for the
District of Delaware a notice identifying VM Bidco LLC as the
winner of its three-day auction in New York.

According to Matt Chiappardi at Bankruptcy Law360, the Debtor told
the Court that VM Bidco is willing to extend post-petition
financing and sponsor a Chapter 11 plan.   VM Bidco is going to
provide "certain recoveries to creditors under a confirmed plan of
reorganization," the notice stated.

In a separate report, Mr. Chiappardi says Violin Memory told the
Bankruptcy Court on Jan. 30 that a unit of major creditor Soros
Fund Management LLC put in the winning bid for its assets with an
offer valued at least $14.5 million, but it needs more time to
negotiate terms of a Chapter 11 plan sponsorship agreement.

During a hearing in Wilmington, Violin Memory attorney Deryck A.
Palmer of Pillsbury Winthrop Shaw Pittman LLP said that the
company's three-day bankruptcy auction drew "spirited activity"
from about a half dozen bidders.

As reported by the Troubled Company Reporter on Jan. 17, 2017,
BankruptcyData.com reported that the Court approved the Debtor's
motion for entry of (i) an order approving bidding procedures for
the sale of substantially all of the Debtor's assets, approving
procedures for the assumption and assignment of executory contracts
or unexpired leases in connection with the sale, scheduling a sale
hearing and (ii) an order approving the sale of the Debtor's assets
and approving the assumption and assignment of certain executory
contracts and unexpired leases.  

According to a report earlier this month by Bankruptcy Law360's Mr.
Chiappardi, the Delaware Court gave the Company approval for an
auction plan that hopes to wrap up a sale process by the end of the
month amid some worries from creditors that a stalking horse has
yet to step forward.

                       About Violin Memory

Violin Memory, Inc., develops and supplies memory-based storage
systems for high-speed applications, servers and networks in the
Americas, Europe and the Asia Pacific.  Founded in 2005, the
Company is headquartered in Santa Clara, California.

Violin Memory sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case No. 16-12782) on Dec. 14, 2016.  The
petition was signed by Cory J. Sindelar, chief financial officer.

At the time of the filing, the Debtor disclosed $38.93 million in
assets and $145.4 million in liabilities.

Pillsbury Winthrop Shaw Pittman LLP serves as the Debtor's legal
counsel while Bayard, P.A., serves as co-counsel.  The Debtor has
hired Houlihan Lokey Capital, Inc., as financial advisor and
investment banker. Prime Clerk LLC serves as administrative
advisor.

The U.S. Trustee, on Dec. 27, 2016, named three creditors to serve
on the official committee of unsecured creditors Wilmington
Trust, N.A., Clinton Group, Inc., and Forty Niners SC Stadium
Company LC.

The Committee hires Cooley LLP as lead counsel, and Elliot
Greenleaf as its Delaware counsel.


ZWO ENTERPRISES: Case Summary & 2 Unsecured Creditors
-----------------------------------------------------
Debtor: ZWO Enterprises, LLC
        70 Halcyon Drive
        Bristol, CT 06010

Case No.: 17-20101

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: January 27, 2017

Court: United States Bankruptcy Court
       District of Connecticut (Hartford)

Judge: Hon. James J. Tancredi

Debtor's Counsel: Gregory F. Arcaro, Esq.
                  GRAFSTEIN & ARCARO, LLC
                  10 Melrose Drive
                  Farmington, CT 06032
                  Tel: 860-674-8003
                  Fax: 860-676-9168
                  E-mail: garcaro@grafsteinlaw.com

Total Assets: $760,132

Total Liabilities: $1.22 million

The petition was signed by Robert Zwolinski, member.

A copy of the Debtor's list of two unsecured creditors is available
for free at http://bankrupt.com/misc/ctb17-20101.pdf


[*] 7th Cir. Denies Reopening of Lawsuit Against Rabobank
---------------------------------------------------------
Kat Greene, writing for Bankruptcy Law360, reports that the Seventh
Circuit has shot down McGarry & McGarry LLC's accusations that a
deal between a bankruptcy software company Bankruptcy Management
Solutions and Rabobank NA that made a U.S. trustee use the bank's
services amounted to an anticompetitive tying scheme, calling the
premise of the law firm's proposed class action "flimsy."  Law360
recalls that the Firm had urged the appeals court to revive its
lawsuit against Rabobank over Chapter 7 trustee fees in the
bankruptcy of one of its former clients, claiming that the fees
stemmed from an unfair deal.

Jessica Corso at Bankruptcy Law360 relates that the Firm had argued
in its plea to revive the lawsuit that a conspiracy to tie
bankruptcy software to banking services is a "nationwide problem,"
but at least one judge questioned what interest the Firm had in
bringing the lawsuit.  According to Law360, the lawsuit accused
Rabobank of entering into an illegal agreement with Bankruptcy
Management that required trustees to use the bank's services if
they would want to use the software.  Rabobank, according to
Law360, claimed that the Firm lacked standing because it was not a
direct purchaser of Rabobank's services since the U.S. trustee
would be the one who pays the fees.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                                        Total
                                                       Share-      
Total
                                          Total        Holder     
Working
                                         Assets        Equity     
Capital
  Company            Ticker               ($MM)         ($MM)      
($MM)

ABSOLUTE SOFTWRE     ALSWF US             101.7         (45.3)     
(35.4)
ABSOLUTE SOFTWRE     ABT CN               101.7         (45.3)     
(35.4)
ABSOLUTE SOFTWRE     OU1 GR               101.7         (45.3)     
(35.4)
ABSOLUTE SOFTWRE     ABT2EUR EU           101.7         (45.3)     
(35.4)
ADVANCED EMISSIO     OXQ1 GR               40.5          (0.3)     
  (1.4)
ADVANCED EMISSIO     ADES US               40.5          (0.3)     
  (1.4)
ADVANCEPIERRE FO     APFH US            1,210.5        (329.7)     
254.3
ADVANCEPIERRE FO     1AC GR             1,210.5        (329.7)     
254.3
ADVANCEPIERRE FO     APFHEUR EU         1,210.5        (329.7)     
254.3
AEROJET ROCKETDY     AJRDEUR EU         1,952.0         (63.9)     
  82.6
AEROJET ROCKETDY     AJRD US            1,952.0         (63.9)     
  82.6
AEROJET ROCKETDY     GCY TH             1,952.0         (63.9)     
  82.6
AEROJET ROCKETDY     GCY GR             1,952.0         (63.9)     
  82.6
AGENUS INC           AJ81 GR              174.8         (21.0)     
  74.7
AGENUS INC           AJ81 TH              174.8         (21.0)     
  74.7
AGENUS INC           AGEN US              174.8         (21.0)     
  74.7
AGENUS INC           AGENEUR EU           174.8         (21.0)     
  74.7
ALPINE 4 TECHNOL     ALPP US               11.1          (0.7)     
  (0.3)
ALTERNATE HEALTH     AHG CN                 0.0          (0.0)     
  (0.0)
AMER RESTAUR-LP      ICTPU US              33.5          (4.0)     
  (6.2)
ANGIE'S LIST INC     ANGI US              159.9          (8.8)     
(33.9)
ANGIE'S LIST INC     ANGIEUR EU           159.9          (8.8)     
(33.9)
ANGIE'S LIST INC     8AL GR               159.9          (8.8)     
(33.9)
ARCH COAL IN-W/I     ACI-W US           4,658.1      (1,676.1)     
662.2
ARCH COAL INC        ACIIQ* MM          4,658.1      (1,676.1)     
662.2
ARCH COAL INC        ACIIQ US           4,658.1      (1,676.1)     
662.2
ARCH COAL INC        ACC QT             4,658.1      (1,676.1)     
662.2
ARCH COAL INC-A      ARCH1EUR EU        4,658.1      (1,676.1)     
662.2
ARCH COAL INC-A      ARCH US            4,658.1      (1,676.1)     
662.2
ARIAD PHARM          APS TH               676.6         (46.3)     
240.4
ARIAD PHARM          ARIAEUR EU           676.6         (46.3)     
240.4
ARIAD PHARM          ARIA SW              676.6         (46.3)     
240.4
ARIAD PHARM          ARIACHF EU           676.6         (46.3)     
240.4
ARIAD PHARM          ARIA US              676.6         (46.3)     
240.4
ARIAD PHARM          APS GR               676.6         (46.3)     
240.4
ARIAD PHARM          APS QT               676.6         (46.3)     
240.4
ARRAY BIOPHARMA      AR2 GR               166.9         (52.1)     
  93.8
ARRAY BIOPHARMA      AR2 QT               166.9         (52.1)     
  93.8
ARRAY BIOPHARMA      AR2 TH               166.9         (52.1)     
  93.8
ARRAY BIOPHARMA      ARRY US              166.9         (52.1)     
  93.8
ARRAY BIOPHARMA      ARRYEUR EU           166.9         (52.1)     
  93.8
ASCENT SOLAR TEC     ASTIEUR EU            12.4         (12.1)     
(14.5)
ASPEN TECHNOLOGY     AST GR               267.4        (192.9)     
(226.6)
ASPEN TECHNOLOGY     AZPNEUR EU           267.4        (192.9)     
(226.6)
ASPEN TECHNOLOGY     AZPN US              267.4        (192.9)     
(226.6)
ASPEN TECHNOLOGY     AST QT               267.4        (192.9)     
(226.6)
ASPEN TECHNOLOGY     AST TH               267.4        (192.9)     
(226.6)
AUTOZONE INC         AZ5 QT             8,742.5      (1,895.2)     
(481.5)
AUTOZONE INC         AZOEUR EU          8,742.5      (1,895.2)     
(481.5)
AUTOZONE INC         AZ5 GR             8,742.5      (1,895.2)     
(481.5)
AUTOZONE INC         AZO US             8,742.5      (1,895.2)     
(481.5)
AUTOZONE INC         AZ5 TH             8,742.5      (1,895.2)     
(481.5)
AVID TECHNOLOGY      AVD GR               262.9        (272.7)     
(91.6)
AVID TECHNOLOGY      AVID US              262.9        (272.7)     
(91.6)
AVISTA HEALTH-A      AHPA US                0.8          (0.0)     
  (0.7)
AVISTA HEALTHCAR     AHPAUEUR EU            0.8          (0.0)     
  (0.7)
AVISTA HEALTHCAR     AHPAU US               0.8          (0.0)     
  (0.7)
AVISTA HEALTHCAR     AWF GR                 0.8          (0.0)     
  (0.7)
AVON - BDR           AVON34 BZ          3,905.5        (336.4)     
853.1
AVON PRODUCTS        AVP GR             3,905.5        (336.4)     
853.1
AVON PRODUCTS        AVP CI             3,905.5        (336.4)     
853.1
AVON PRODUCTS        AVP QT             3,905.5        (336.4)     
853.1
AVON PRODUCTS        AVP US             3,905.5        (336.4)     
853.1
AVON PRODUCTS        AVP TH             3,905.5        (336.4)     
853.1
AVON PRODUCTS        AVP* MM            3,905.5        (336.4)     
853.1
AXIM BIOTECHNOLO     AXIM US                1.2          (3.2)     
  (3.0)
BARRACUDA NETWOR     CUDAEUR EU           453.7          (5.0)     
  (3.8)
BARRACUDA NETWOR     7BM GR               453.7          (5.0)     
  (3.8)
BARRACUDA NETWOR     CUDA US              453.7          (5.0)     
  (3.8)
BASIC ENERGY SVS     B8JN TH            1,003.0        (152.3)     
(869.2)
BASIC ENERGY SVS     B8JN GR            1,003.0        (152.3)     
(869.2)
BASIC ENERGY SVS     BASEUR EU          1,003.0        (152.3)     
(869.2)
BASIC ENERGY SVS     BAS US             1,003.0        (152.3)     
(869.2)
BENEFITFOCUS INC     BTF GR               153.4         (35.4)     
   4.3
BENEFITFOCUS INC     BNFT US              153.4         (35.4)     
   4.3
BLUE BIRD CORP       BLBD US              277.9         (87.0)     
   9.6
BOMBARDIER INC-B     BBDBN MM          23,876.0      (3,865.0)    
1,686.0
BOMBARDIER-B OLD     BBDYB BB          23,876.0      (3,865.0)    
1,686.0
BOMBARDIER-B W/I     BBD/W CN          23,876.0      (3,865.0)    
1,686.0
BRINKER INTL         EAT2EUR EU         1,498.1        (530.6)     
(245.5)
BRINKER INTL         BKJ GR             1,498.1        (530.6)     
(245.5)
BRINKER INTL         EAT US             1,498.1        (530.6)     
(245.5)
BROOKFIELD REAL      BRE CN                97.2         (33.5)     
   1.6
BUFFALO COAL COR     BUC SJ                50.0         (20.4)     
(18.0)
BURLINGTON STORE     BURL* MM           2,688.1        (135.4)     
  27.2
BURLINGTON STORE     BURL US            2,688.1        (135.4)     
  27.2
BURLINGTON STORE     BUI GR             2,688.1        (135.4)     
  27.2
CADIZ INC            CDZI US               59.0         (70.2)     
(39.7)
CADIZ INC            2ZC GR                59.0         (70.2)     
(39.7)
CAESARS ENTERTAI     CZR US            15,351.0        (971.0)   
(2,334.0)
CAESARS ENTERTAI     C08 GR            15,351.0        (971.0)   
(2,334.0)
CALIFORNIA RESOU     CRCEUR EU          6,332.0        (493.0)     
(302.0)
CALIFORNIA RESOU     1CLB GR            6,332.0        (493.0)     
(302.0)
CALIFORNIA RESOU     1CL TH             6,332.0        (493.0)     
(302.0)
CALIFORNIA RESOU     CRC US             6,332.0        (493.0)     
(302.0)
CAMBIUM LEARNING     ABCD US              159.5         (65.5)     
(49.9)
CAMPING WORLD-A      CWHEUR EU          1,367.5        (354.3)     
197.2
CAMPING WORLD-A      CWH US             1,367.5        (354.3)     
197.2
CAMPING WORLD-A      C83 GR             1,367.5        (354.3)     
197.2
CARRIZO OIL&GAS      CRZOEUR EU         1,420.5        (205.4)     
(152.2)
CARRIZO OIL&GAS      CO1 GR             1,420.5        (205.4)     
(152.2)
CARRIZO OIL&GAS      CRZO US            1,420.5        (205.4)     
(152.2)
CARRIZO OIL&GAS      CO1 TH             1,420.5        (205.4)     
(152.2)
CASELLA WASTE        CWST US              635.3         (13.9)     
   2.2
CASELLA WASTE        WA3 GR               635.3         (13.9)     
   2.2
CEB INC              FC9 GR             1,467.4         (85.8)     
(123.7)
CEB INC              CEB US             1,467.4         (85.8)     
(123.7)
CHESAPEAKE ENERG     CHK* MM           12,523.0        (932.0)   
(2,539.0)
CHESAPEAKE ENERG     CS1 GR            12,523.0        (932.0)   
(2,539.0)
CHESAPEAKE ENERG     CS1 TH            12,523.0        (932.0)   
(2,539.0)
CHESAPEAKE ENERG     CHK US            12,523.0        (932.0)   
(2,539.0)
CHOICE HOTELS        CZH GR               846.3        (337.4)     
113.4
CHOICE HOTELS        CHH US               846.3        (337.4)     
113.4
CINCINNATI BELL      CIB1 GR            1,529.9        (194.8)     
(40.7)
CINCINNATI BELL      CBBEUR EU          1,529.9        (194.8)     
(40.7)
CINCINNATI BELL      CBB US             1,529.9        (194.8)     
(40.7)
CLEAR CHANNEL-A      CCO US             5,675.6        (995.0)     
616.1
CLEAR CHANNEL-A      C7C GR             5,675.6        (995.0)     
616.1
CLIFFS NATURAL R     CVA QT             1,772.9      (1,400.5)     
376.1
CLIFFS NATURAL R     CLF2EUR EU         1,772.9      (1,400.5)     
376.1
CLIFFS NATURAL R     CLF US             1,772.9      (1,400.5)     
376.1
CLIFFS NATURAL R     CVA GR             1,772.9      (1,400.5)     
376.1
CLIFFS NATURAL R     CLF* MM            1,772.9      (1,400.5)     
376.1
CLIFFS NATURAL R     CVA TH             1,772.9      (1,400.5)     
376.1
COGENT COMMUNICA     OGM1 GR              617.6         (40.5)     
140.3
COGENT COMMUNICA     CCOI US              617.6         (40.5)     
140.3
COMMUNICATION        CSAL US            3,217.5      (1,287.0)     
   -
COMMUNICATION        8XC GR             3,217.5      (1,287.0)     
   -
COMSTOCK RES INC     CRK1EUR EU           885.5        (220.0)     
  18.5
COMSTOCK RES INC     CX9 GR               885.5        (220.0)     
  18.5
COMSTOCK RES INC     CRK US               885.5        (220.0)     
  18.5
CONTURA ENERGY I     CNTE US              827.7          (4.6)     
  56.6
CORGREEN TECHNOL     CGRT US                2.9          (0.2)     
  (0.6)
CPI CARD GROUP I     PMTS US              270.7         (89.0)     
  58.7
CPI CARD GROUP I     PNT CN               270.7         (89.0)     
  58.7
CPI CARD GROUP I     CPB GR               270.7         (89.0)     
  58.7
DELEK LOGISTICS      DKL US               393.2         (14.0)     
   4.8
DELEK LOGISTICS      D6L GR               393.2         (14.0)     
   4.8
DENNY'S CORP         DENN US              297.7         (53.8)     
(48.1)
DENNY'S CORP         DE8 GR               297.7         (53.8)     
(48.1)
DOMINO'S PIZZA       EZV QT               676.6      (1,936.1)     
  62.1
DOMINO'S PIZZA       EZV TH               676.6      (1,936.1)     
  62.1
DOMINO'S PIZZA       EZV GR               676.6      (1,936.1)     
  62.1
DOMINO'S PIZZA       DPZ US               676.6      (1,936.1)     
  62.1
DUN & BRADSTREET     DNB US             2,016.9      (1,054.3)     
(151.7)
DUN & BRADSTREET     DB5 TH             2,016.9      (1,054.3)     
(151.7)
DUN & BRADSTREET     DB5 GR             2,016.9      (1,054.3)     
(151.7)
DUN & BRADSTREET     DNB1EUR EU         2,016.9      (1,054.3)     
(151.7)
DUNKIN' BRANDS G     DNKNEUR EU         3,145.6        (167.2)     
181.6
DUNKIN' BRANDS G     2DB GR             3,145.6        (167.2)     
181.6
DUNKIN' BRANDS G     2DB TH             3,145.6        (167.2)     
181.6
DUNKIN' BRANDS G     DNKN US            3,145.6        (167.2)     
181.6
EASTMAN KODAK CO     KODN GR            1,981.0         (23.0)     
814.0
EASTMAN KODAK CO     KODK US            1,981.0         (23.0)     
814.0
ERIN ENERGY CORP     ERN US               342.4        (161.2)     
(255.1)
ERIN ENERGY CORP     ERN SJ               342.4        (161.2)     
(255.1)
ERIN ENERGY CORP     U8P2 GR              342.4        (161.2)     
(255.1)
FAIRMOUNT SANTRO     FMSA US            1,239.0         (13.3)     
284.0
FAIRMOUNT SANTRO     FM1 GR             1,239.0         (13.3)     
284.0
FAIRMOUNT SANTRO     FMSAEUR EU         1,239.0         (13.3)     
284.0
FAIRPOINT COMMUN     FONN GR            1,248.8         (41.0)     
  11.0
FAIRPOINT COMMUN     FRP US             1,248.8         (41.0)     
  11.0
FERRELLGAS-LP        FGP US             1,667.2        (746.9)     
(123.1)
FERRELLGAS-LP        FEG GR             1,667.2        (746.9)     
(123.1)
FORESIGHT ENERGY     FHR GR             1,735.8         (70.0)     
  55.4
FORESIGHT ENERGY     FELP US            1,735.8         (70.0)     
  55.4
GAMCO INVESTO-A      GBL US               121.3        (199.1)     
   -
GARTNER INC          IT US              2,277.7         (10.5)     
(171.5)
GARTNER INC          IT* MM             2,277.7         (10.5)     
(171.5)
GARTNER INC          GGRA GR            2,277.7         (10.5)     
(171.5)
GCP APPLIED TECH     43G GR             1,061.0        (118.4)     
282.5
GCP APPLIED TECH     GCP US             1,061.0        (118.4)     
282.5
GENESIS HEALTHCA     GEN US             5,886.6        (771.5)     
237.4
GENESIS HEALTHCA     SH11 GR            5,886.6        (771.5)     
237.4
GIYANI GOLD CORP     GGC NW                 1.7          (0.4)     
  (0.5)
GOGO INC             G0G GR             1,224.2         (18.0)     
398.4
GOGO INC             G0G QT             1,224.2         (18.0)     
398.4
GOGO INC             GOGO US            1,224.2         (18.0)     
398.4
GREEN PLAINS PAR     GPP US                88.9         (67.0)     
   3.5
GREEN PLAINS PAR     8GP GR                88.9         (67.0)     
   3.5
GUIDANCE SOFTWAR     GUID US               74.8          (1.1)     
(20.9)
GUIDANCE SOFTWAR     ZTT GR                74.8          (1.1)     
(20.9)
H&R BLOCK INC        HRB QT             2,082.2        (557.5)     
268.6
H&R BLOCK INC        HRB GR             2,082.2        (557.5)     
268.6
H&R BLOCK INC        HRB US             2,082.2        (557.5)     
268.6
H&R BLOCK INC        HRBEUR EU          2,082.2        (557.5)     
268.6
H&R BLOCK INC        HRB TH             2,082.2        (557.5)     
268.6
HALOZYME THERAPE     RV7 GR               282.5         (12.0)     
219.9
HALOZYME THERAPE     HALOEUR EU           282.5         (12.0)     
219.9
HALOZYME THERAPE     RV7 QT               282.5         (12.0)     
219.9
HALOZYME THERAPE     HALO US              282.5         (12.0)     
219.9
HCA HOLDINGS INC     2BH TH            33,127.0      (6,163.0)    
3,688.0
HCA HOLDINGS INC     HCAEUR EU         33,127.0      (6,163.0)    
3,688.0
HCA HOLDINGS INC     HCA US            33,127.0      (6,163.0)    
3,688.0
HCA HOLDINGS INC     2BH GR            33,127.0      (6,163.0)    
3,688.0
HCA HOLDINGS INC     2BH QT            33,127.0      (6,163.0)    
3,688.0
HELIX TCS INC        HLIX US                4.3          (1.7)     
  (0.9)
HOVNANIAN-A-WI       HOV-W US           2,379.4        (128.5)    
1,291.2
HP COMPANY-BDR       HPQB34 BZ         29,010.0      (3,889.0)     
(340.0)
HP INC               HWP QT            29,010.0      (3,889.0)     
(340.0)
HP INC               7HP GR            29,010.0      (3,889.0)     
(340.0)
HP INC               HPQ TE            29,010.0      (3,889.0)     
(340.0)
HP INC               HPQ US            29,010.0      (3,889.0)     
(340.0)
HP INC               HPQ SW            29,010.0      (3,889.0)     
(340.0)
HP INC               HPQCHF EU         29,010.0      (3,889.0)     
(340.0)
HP INC               HPQ* MM           29,010.0      (3,889.0)     
(340.0)
HP INC               HPQ CI            29,010.0      (3,889.0)     
(340.0)
HP INC               HPQUSD SW         29,010.0      (3,889.0)     
(340.0)
HP INC               7HP TH            29,010.0      (3,889.0)     
(340.0)
IBI GROUP INC        IBG CN               271.9         (17.5)     
  41.6
IMMUNOMEDICS INC     IMMU US               40.6         (73.0)     
  21.8
IMMUNOMEDICS INC     IM3 TH                40.6         (73.0)     
  21.8
IMMUNOMEDICS INC     IM3 GR                40.6         (73.0)     
  21.8
INFOR ACQUISIT-A     IAC/A CN             233.1          (3.8)     
   0.6
INFOR ACQUISITIO     IAC-U CN             233.1          (3.8)     
   0.6
INNOVIVA INC         INVA US              370.5        (367.9)     
171.2
INNOVIVA INC         HVE GR               370.5        (367.9)     
171.2
INTERNATIONAL WI     ITWG US              324.8         (12.0)     
  99.6
INTERUPS INC         ITUP US                0.0          (2.4)     
  (2.4)
IRHYTHM TECHNOLO     I25 GR                28.7         (14.2)     
  12.5
IRHYTHM TECHNOLO     IRTCEUR EU            28.7         (14.2)     
  12.5
IRHYTHM TECHNOLO     IRTC US               28.7         (14.2)     
  12.5
JACK IN THE BOX      JACK1EUR EU        1,348.8        (217.2)     
(124.2)
JACK IN THE BOX      JACK US            1,348.8        (217.2)     
(124.2)
JACK IN THE BOX      JBX GR             1,348.8        (217.2)     
(124.2)
JUST ENERGY GROU     JE CN              1,321.4        (376.8)     
(289.1)
JUST ENERGY GROU     1JE GR             1,321.4        (376.8)     
(289.1)
JUST ENERGY GROU     JE US              1,321.4        (376.8)     
(289.1)
KADMON HOLDINGS      KDMN US               86.8          (8.8)     
  26.1
KADMON HOLDINGS      KDMNEUR EU            86.8          (8.8)     
  26.1
KADMON HOLDINGS      KDF GR                86.8          (8.8)     
  26.1
KEY ENERGY SERV      KEG US               995.6        (163.1)     
(864.7)
KEY ENERGY SERV      KEGEUR EU            995.6        (163.1)     
(864.7)
L BRANDS INC         LTD TH             7,663.0      (1,188.0)     
879.0
L BRANDS INC         LB US              7,663.0      (1,188.0)     
879.0
L BRANDS INC         LBEUR EU           7,663.0      (1,188.0)     
879.0
L BRANDS INC         LTD QT             7,663.0      (1,188.0)     
879.0
L BRANDS INC         LB* MM             7,663.0      (1,188.0)     
879.0
L BRANDS INC         LTD GR             7,663.0      (1,188.0)     
879.0
LAMB WESTON          LW-WEUR EU         2,400.2        (708.6)     
330.9
LAMB WESTON          0L5 TH             2,400.2        (708.6)     
330.9
LAMB WESTON          LW US              2,400.2        (708.6)     
330.9
LAMB WESTON          0L5 GR             2,400.2        (708.6)     
330.9
LANTHEUS HOLDING     LNTH US              255.0        (121.2)     
  71.3
LANTHEUS HOLDING     0L8 GR               255.0        (121.2)     
  71.3
LEE ENTERPRISES      LEE US               689.1        (127.5)     
(21.8)
MADISON-A/NEW-WI     MSGN-W US            822.1      (1,080.3)     
188.2
MANITOWOC FOOD       6M6 GR             1,817.7         (72.2)     
  39.5
MANITOWOC FOOD       MFS1EUR EU         1,817.7         (72.2)     
  39.5
MANITOWOC FOOD       MFS US             1,817.7         (72.2)     
  39.5
MANNKIND CORP        MNKD IT               96.1        (238.7)     
(57.2)
MCBC HOLDINGS IN     MCFT US               83.5          (1.5)     
(18.9)
MCBC HOLDINGS IN     1SG GR                83.5          (1.5)     
(18.9)
MCDONALDS - BDR      MCDC34 BZ         32,486.9      (1,624.1)     
(174.6)
MCDONALDS CORP       MDO QT            32,486.9      (1,624.1)     
(174.6)
MCDONALDS CORP       MDO GR            32,486.9      (1,624.1)     
(174.6)
MCDONALDS CORP       MCD US            32,486.9      (1,624.1)     
(174.6)
MCDONALDS CORP       MCD SW            32,486.9      (1,624.1)     
(174.6)
MCDONALDS CORP       MCDCHF EU         32,486.9      (1,624.1)     
(174.6)
MCDONALDS CORP       MCD CI            32,486.9      (1,624.1)     
(174.6)
MCDONALDS CORP       MCD TE            32,486.9      (1,624.1)     
(174.6)
MCDONALDS CORP       MCDUSD SW         32,486.9      (1,624.1)     
(174.6)
MCDONALDS CORP       MCD* MM           32,486.9      (1,624.1)     
(174.6)
MCDONALDS CORP       MDO TH            32,486.9      (1,624.1)     
(174.6)
MCDONALDS-CEDEAR     MCD AR            32,486.9      (1,624.1)     
(174.6)
MDC COMM-W/I         MDZ/W CN           1,642.3        (451.7)     
(319.2)
MDC PARTNERS-A       MDCAEUR EU         1,642.3        (451.7)     
(319.2)
MDC PARTNERS-A       MD7A GR            1,642.3        (451.7)     
(319.2)
MDC PARTNERS-A       MDZ/A CN           1,642.3        (451.7)     
(319.2)
MDC PARTNERS-A       MDCA US            1,642.3        (451.7)     
(319.2)
MDC PARTNERS-EXC     MDZ/N CN           1,642.3        (451.7)     
(319.2)
MEAD JOHNSON         MJN US             4,087.7        (472.1)    
1,462.4
MEAD JOHNSON         0MJA TH            4,087.7        (472.1)    
1,462.4
MEAD JOHNSON         0MJA QT            4,087.7        (472.1)    
1,462.4
MEAD JOHNSON         MJNEUR EU          4,087.7        (472.1)    
1,462.4
MEAD JOHNSON         0MJA GR            4,087.7        (472.1)    
1,462.4
MEDLEY MANAGE-A      MDLY US              116.6         (23.4)     
  35.7
MERITOR INC          MTOREUR EU         2,494.0        (186.0)     
148.0
MERITOR INC          AID1 GR            2,494.0        (186.0)     
148.0
MERITOR INC          MTOR US            2,494.0        (186.0)     
148.0
MERITOR INC          AID1 QT            2,494.0        (186.0)     
148.0
MERRIMACK PHARMA     MACK US              118.4        (227.1)     
   1.3
MICHAELS COS INC     MIM GR             2,291.5      (1,659.5)     
576.1
MICHAELS COS INC     MIK US             2,291.5      (1,659.5)     
576.1
MIDSTATES PETROL     MPO US               695.7      (1,533.1)     
   1.8
MONEYGRAM INTERN     MGI US             4,426.1        (208.5)     
   2.7
MOODY'S CORP         DUT TH             5,019.3        (357.9)    
1,614.4
MOODY'S CORP         DUT GR             5,019.3        (357.9)    
1,614.4
MOODY'S CORP         DUT QT             5,019.3        (357.9)    
1,614.4
MOODY'S CORP         MCOEUR EU          5,019.3        (357.9)    
1,614.4
MOODY'S CORP         MCO US             5,019.3        (357.9)    
1,614.4
MOTOROLA SOLUTIO     MSI US             8,619.0        (648.0)    
1,643.0
MOTOROLA SOLUTIO     MTLA TH            8,619.0        (648.0)    
1,643.0
MOTOROLA SOLUTIO     MTLA GR            8,619.0        (648.0)    
1,643.0
MOTOROLA SOLUTIO     MOT TE             8,619.0        (648.0)    
1,643.0
MSG NETWORKS- A      MSGNEUR EU           822.1      (1,080.3)     
188.2
MSG NETWORKS- A      1M4 GR               822.1      (1,080.3)     
188.2
MSG NETWORKS- A      1M4 TH               822.1      (1,080.3)     
188.2
MSG NETWORKS- A      MSGN US              822.1      (1,080.3)     
188.2
NANOSTRING TECHN     NSTG US              102.3          (6.6)     
  61.9
NANOSTRING TECHN     NSTGEUR EU           102.3          (6.6)     
  61.9
NANOSTRING TECHN     0F1 GR               102.3          (6.6)     
  61.9
NATHANS FAMOUS       NATH US               75.6         (67.9)     
  54.9
NATHANS FAMOUS       NFA GR                75.6         (67.9)     
  54.9
NATIONAL CINEMED     NCMI US            1,029.8        (181.3)     
  75.4
NATIONAL CINEMED     XWM GR             1,029.8        (181.3)     
  75.4
NAVIDEA BIOPHARM     NAVB IT               11.2         (63.8)     
(54.3)
NAVISTAR INTL        NAV US             5,653.0      (5,293.0)     
556.0
NAVISTAR INTL        IHR QT             5,653.0      (5,293.0)     
556.0
NAVISTAR INTL        IHR GR             5,653.0      (5,293.0)     
556.0
NAVISTAR INTL        IHR TH             5,653.0      (5,293.0)     
556.0
NEFF CORP-CL A       NEFF US              673.2        (150.2)     
  19.8
NEFF CORP-CL A       NFO GR               673.2        (150.2)     
  19.8
NEKTAR THERAPEUT     ITH GR               425.1         (67.9)     
206.2
NEKTAR THERAPEUT     NKTR US              425.1         (67.9)     
206.2
NEW ENG RLTY-LP      NEN US               192.7         (30.9)     
   -
NORTHERN OIL AND     NOG US               410.4        (476.1)     
(26.3)
NORTHERN OIL AND     4LT GR               410.4        (476.1)     
(26.3)
OCH-ZIFF CAPIT-A     OZM US             1,388.3        (251.3)     
   -
OCH-ZIFF CAPIT-A     35OA GR            1,388.3        (251.3)     
   -
OMEROS CORP          OMER US               72.8         (22.8)     
  44.6
OMEROS CORP          3O8 TH                72.8         (22.8)     
  44.6
OMEROS CORP          3O8 GR                72.8         (22.8)     
  44.6
OMEROS CORP          OMEREUR EU            72.8         (22.8)     
  44.6
ONCOMED PHARMACE     O0M GR               218.2          (3.2)     
157.2
ONCOMED PHARMACE     OMED US              218.2          (3.2)     
157.2
OPHTH0TECH CORP      O2T GR               350.6         (36.6)     
289.8
OPHTH0TECH CORP      OPHT US              350.6         (36.6)     
289.8
PAPA JOHN'S INTL     PP1 GR               498.8          (2.8)     
  17.6
PAPA JOHN'S INTL     PZZA US              498.8          (2.8)     
  17.6
PENN NATL GAMING     PN1 GR             5,251.7        (553.9)     
(199.9)
PENN NATL GAMING     PENN US            5,251.7        (553.9)     
(199.9)
PHILIP MORRIS IN     PM1EUR EU         35,577.0     (10,317.0)    
2,316.0
PHILIP MORRIS IN     PMI SW            35,577.0     (10,317.0)    
2,316.0
PHILIP MORRIS IN     PM US             35,577.0     (10,317.0)    
2,316.0
PHILIP MORRIS IN     PM1CHF EU         35,577.0     (10,317.0)    
2,316.0
PHILIP MORRIS IN     PM FP             35,577.0     (10,317.0)    
2,316.0
PHILIP MORRIS IN     PMI1 IX           35,577.0     (10,317.0)    
2,316.0
PHILIP MORRIS IN     4I1 QT            35,577.0     (10,317.0)    
2,316.0
PHILIP MORRIS IN     4I1 GR            35,577.0     (10,317.0)    
2,316.0
PHILIP MORRIS IN     PM1 TE            35,577.0     (10,317.0)    
2,316.0
PHILIP MORRIS IN     PMI EB            35,577.0     (10,317.0)    
2,316.0
PHILIP MORRIS IN     4I1 TH            35,577.0     (10,317.0)    
2,316.0
PINNACLE ENTERTA     65P GR             4,101.2        (356.9)     
(120.4)
PINNACLE ENTERTA     PNK US             4,101.2        (356.9)     
(120.4)
PLY GEM HOLDINGS     PG6 GR             1,348.9          (2.9)     
310.6
PLY GEM HOLDINGS     PGEM US            1,348.9          (2.9)     
310.6
QUINTILES IMS HO     QTS GR             4,128.8         (81.9)    
1,023.2
QUINTILES IMS HO     Q US               4,128.8         (81.9)    
1,023.2
REATA PHARMACE-A     2R3 GR               101.8        (212.3)     
  39.8
REATA PHARMACE-A     RETAEUR EU           101.8        (212.3)     
  39.8
REATA PHARMACE-A     RETA US              101.8        (212.3)     
  39.8
REGAL ENTERTAI-A     RETA GR            2,477.6        (861.5)     
(89.0)
REGAL ENTERTAI-A     RGC US             2,477.6        (861.5)     
(89.0)
REGAL ENTERTAI-A     RGC* MM            2,477.6        (861.5)     
(89.0)
RESOLUTE ENERGY      REN US               294.9        (339.1)     
(16.8)
RESOLUTE ENERGY      RENEUR EU            294.9        (339.1)     
(16.8)
RESOLUTE ENERGY      R21 GR               294.9        (339.1)     
(16.8)
REVLON INC-A         REV US             3,113.7        (559.6)     
457.4
REVLON INC-A         RVL1 GR            3,113.7        (559.6)     
457.4
RYERSON HOLDING      7RY TH             1,643.3         (33.2)     
696.4
RYERSON HOLDING      RYI US             1,643.3         (33.2)     
696.4
RYERSON HOLDING      7RY GR             1,643.3         (33.2)     
696.4
SALLY BEAUTY HOL     SBH US             2,132.1        (276.2)     
684.2
SALLY BEAUTY HOL     S7V GR             2,132.1        (276.2)     
684.2
SANCHEZ ENERGY C     13S TH             1,185.1        (761.1)     
265.1
SANCHEZ ENERGY C     SN US              1,185.1        (761.1)     
265.1
SANCHEZ ENERGY C     SN* MM             1,185.1        (761.1)     
265.1
SANCHEZ ENERGY C     13S GR             1,185.1        (761.1)     
265.1
SANDRIDGE ENERGY     SDEUR EU           1,886.5      (2,675.5)     
585.8
SANDRIDGE ENERGY     SD US              1,886.5      (2,675.5)     
585.8
SANDRIDGE ENERGY     SA2B TH            1,886.5      (2,675.5)     
585.8
SANDRIDGE ENERGY     SA2B GR            1,886.5      (2,675.5)     
585.8
SBA COMM CORP        SBACEUR EU         7,915.7      (1,669.1)     
119.4
SBA COMM CORP        4SB GR             7,915.7      (1,669.1)     
119.4
SBA COMM CORP        SBJ TH             7,915.7      (1,669.1)     
119.4
SBA COMM CORP        SBAC US            7,915.7      (1,669.1)     
119.4
SCIENTIFIC GAM-A     TJW GR             7,376.6      (1,750.0)     
417.1
SCIENTIFIC GAM-A     SGMS US            7,376.6      (1,750.0)     
417.1
SEARS HOLDINGS       SHLD US           10,865.0      (3,375.0)     
236.0
SEARS HOLDINGS       SEE QT            10,865.0      (3,375.0)     
236.0
SEARS HOLDINGS       SEE GR            10,865.0      (3,375.0)     
236.0
SEARS HOLDINGS       SEE TH            10,865.0      (3,375.0)     
236.0
SIGA TECH INC        SIGA US              162.8        (313.2)     
(21.7)
SILVER SPRING NE     SSNIEUR EU           437.4         (21.3)     
  19.2
SILVER SPRING NE     9SI GR               437.4         (21.3)     
  19.2
SILVER SPRING NE     SSNI US              437.4         (21.3)     
  19.2
SILVER SPRING NE     9SI TH               437.4         (21.3)     
  19.2
SIRIUS XM CANADA     XSR CN               311.5        (125.2)     
(154.9)
SIRIUS XM CANADA     SIICF US             311.5        (125.2)     
(154.9)
SIRIUS XM HOLDIN     RDO QT             8,422.8        (506.5)   
(1,860.6)
SIRIUS XM HOLDIN     SIRI US            8,422.8        (506.5)   
(1,860.6)
SIRIUS XM HOLDIN     RDO TH             8,422.8        (506.5)   
(1,860.6)
SIRIUS XM HOLDIN     RDO GR             8,422.8        (506.5)   
(1,860.6)
SONIC CORP           SONCEUR EU           593.3        (118.2)     
  33.6
SONIC CORP           SONC US              593.3        (118.2)     
  33.6
SONIC CORP           SO4 GR               593.3        (118.2)     
  33.6
SUPERVALU INC        SJ1 QT             4,474.0        (253.0)     
(747.0)
SUPERVALU INC        SJ1 TH             4,474.0        (253.0)     
(747.0)
SUPERVALU INC        SVU US             4,474.0        (253.0)     
(747.0)
SUPERVALU INC        SJ1 GR             4,474.0        (253.0)     
(747.0)
SYNTEL INC           SYNT US            1,705.1        (220.7)     
  97.2
SYNTEL INC           SYE GR             1,705.1        (220.7)     
  97.2
TABULA RASA HEAL     TRHCEUR EU            73.9          (2.4)     
(37.0)
TABULA RASA HEAL     TRHC US               73.9          (2.4)     
(37.0)
TABULA RASA HEAL     43T GR                73.9          (2.4)     
(37.0)
TAILORED BRANDS      TLRD* MM           2,175.1         (77.7)     
726.2
TAILORED BRANDS      TLRD US            2,175.1         (77.7)     
726.2
TAILORED BRANDS      WRMA GR            2,175.1         (77.7)     
726.2
TAUBMAN CENTERS      TU8 GR             4,011.2         (44.8)     
   -
TAUBMAN CENTERS      TCO US             4,011.2         (44.8)     
   -
TRANSDIGM GROUP      TDGCHF EU         10,726.3        (651.5)    
2,178.1
TRANSDIGM GROUP      TDG SW            10,726.3        (651.5)    
2,178.1
TRANSDIGM GROUP      TDG US            10,726.3        (651.5)    
2,178.1
TRANSDIGM GROUP      TDGEUR EU         10,726.3        (651.5)    
2,178.1
TRANSDIGM GROUP      T7D QT            10,726.3        (651.5)    
2,178.1
TRANSDIGM GROUP      T7D GR            10,726.3        (651.5)    
2,178.1
ULTRA PETROLEUM      UPLMQ US           1,420.2      (2,895.9)     
308.6
ULTRA PETROLEUM      UPM GR             1,420.2      (2,895.9)     
308.6
ULTRA PETROLEUM      UPLEUR EU          1,420.2      (2,895.9)     
308.6
UNISYS CORP          UISEUR EU          2,021.6      (1,647.4)     
  45.7
UNISYS CORP          USY1 TH            2,021.6      (1,647.4)     
  45.7
UNISYS CORP          UIS US             2,021.6      (1,647.4)     
  45.7
UNISYS CORP          USY1 GR            2,021.6      (1,647.4)     
  45.7
UNISYS CORP          UIS1 SW            2,021.6      (1,647.4)     
  45.7
UNISYS CORP          UISCHF EU          2,021.6      (1,647.4)     
  45.7
VALVOLINE INC        VVV US             1,865.0        (286.0)     
266.0
VALVOLINE INC        VVVEUR EU          1,865.0        (286.0)     
266.0
VALVOLINE INC        0V4 GR             1,865.0        (286.0)     
266.0
VECTOR GROUP LTD     VGR US             1,464.7        (198.6)     
566.4
VECTOR GROUP LTD     VGR QT             1,464.7        (198.6)     
566.4
VECTOR GROUP LTD     VGR GR             1,464.7        (198.6)     
566.4
VERISIGN INC         VRS TH             2,298.0      (1,169.2)     
312.5
VERISIGN INC         VRS GR             2,298.0      (1,169.2)     
312.5
VERISIGN INC         VRSN US            2,298.0      (1,169.2)     
312.5
VERISIGN INC         VRS QT             2,298.0      (1,169.2)     
312.5
VERSUM MATER         VSM US             1,043.8        (103.4)     
363.7
VERSUM MATER         VSMEUR EU          1,043.8        (103.4)     
363.7
VERSUM MATER         2V1 GR             1,043.8        (103.4)     
363.7
VERSUM MATER         2V1 TH             1,043.8        (103.4)     
363.7
VIEWRAY INC          VRAY US               55.8         (33.5)     
   9.0
W&T OFFSHORE INC     WTI US               832.6        (678.0)     
(80.1)
WEIGHT WATCHERS      WW6 TH             1,261.4      (1,228.3)     
(98.6)
WEIGHT WATCHERS      WW6 QT             1,261.4      (1,228.3)     
(98.6)
WEIGHT WATCHERS      WTWEUR EU          1,261.4      (1,228.3)     
(98.6)
WEIGHT WATCHERS      WTW US             1,261.4      (1,228.3)     
(98.6)
WEIGHT WATCHERS      WW6 GR             1,261.4      (1,228.3)     
(98.6)
WEST CORP            WSTC US            3,477.3        (491.0)     
228.5
WEST CORP            WT2 GR             3,477.3        (491.0)     
228.5
WESTMORELAND COA     WME GR             1,719.7        (581.2)     
(43.5)
WESTMORELAND COA     WLB US             1,719.7        (581.2)     
(43.5)
WINGSTOP INC         EWG GR               112.3         (79.9)     
  (4.5)
WINGSTOP INC         WING US              112.3         (79.9)     
  (4.5)
WINMARK CORP         GBZ GR                43.5         (15.7)     
  13.5
WINMARK CORP         WINA US               43.5         (15.7)     
  13.5
WYNN RESORTS LTD     WYNNCHF EU        10,925.9         (64.4)     
626.9
WYNN RESORTS LTD     WYR GR            10,925.9         (64.4)     
626.9
WYNN RESORTS LTD     WYR TH            10,925.9         (64.4)     
626.9
WYNN RESORTS LTD     WYNN US           10,925.9         (64.4)     
626.9
WYNN RESORTS LTD     WYNN SW           10,925.9         (64.4)     
626.9
WYNN RESORTS LTD     WYNN* MM          10,925.9         (64.4)     
626.9
WYNN RESORTS LTD     WYR QT            10,925.9         (64.4)     
626.9
YRC WORLDWIDE IN     YEL1 TH            1,870.6        (342.2)     
290.1
YRC WORLDWIDE IN     YEL1 GR            1,870.6        (342.2)     
290.1
YRC WORLDWIDE IN     YRCW US            1,870.6        (342.2)     
290.1
YRC WORLDWIDE IN     YRCWEUR EU         1,870.6        (342.2)     
290.1
YUM! BRANDS INC      YUMEUR EU         10,432.0      (1,830.0)    
1,704.0
YUM! BRANDS INC      TGR GR            10,432.0      (1,830.0)    
1,704.0
YUM! BRANDS INC      TGR TH            10,432.0      (1,830.0)    
1,704.0
YUM! BRANDS INC      YUM US            10,432.0      (1,830.0)    
1,704.0
YUM! BRANDS INC      YUMUSD SW         10,432.0      (1,830.0)    
1,704.0
YUM! BRANDS INC      YUM SW            10,432.0      (1,830.0)    
1,704.0
YUM! BRANDS INC      YUMCHF EU         10,432.0      (1,830.0)    
1,704.0


                            *********

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
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Monthly Operating Reports are summarized in every Saturday edition
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                            *********

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Troubled Company Reporter is a daily newsletter co-published
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Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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                   *** End of Transmission ***