TCR_Public/170829.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, August 29, 2017, Vol. 21, No. 240

                            Headlines

21ST CENTURY ONCOLOGY: Claims Bar Date Expires Sept. 5
ABRAXAS PETROLEUM: Egan-Jones Hikes Sr. Unsec. Rating to CCC
ALLEGIAN INSURANCE: A.M. Best Withdraws 'B(Fair)' FSR
ALLY FINANCIAL: Commitment to Maintain Leverage Ratio Released
AMERICAN FEDERATED: A.M. Best Affirms 'bb' Issuer Credit Rating

AMERICAN RESOURCES: A.M. Best Cuts Financial Strength Rating to B-
AMERICAN TOOLS: Plan Confirmation Hearing Set for Oct. 4
ANEW YOU MEDICAL: Taps Malaise Law Firm as Attorney
AURORA GAS: $100K Sale of Equipment to Aurora Exploration Okayed
AVENICA INC: Trustee's Sale of Computer Equipment for $1.5K Okayed

AVMED INC: A.M. Best Affirms B(fair) Financial Strength Rating
AYTU BIOSCIENCE: Armistice Has 9.9% Stake as of Aug. 14
AYTU BIOSCIENCE: Manchester Has 4.6% Stake as of Aug. 15
B & B FAMILY: Plan Confirmation Hearing Set for Sept. 26
BARBARA BRODY: Conservator's Sale of Los Angeles Property Approved

BEACON ROOFING: S&P Puts 'BB-' CCR on CreditWatch Negative
BEBE STORES: Signs $50,000 Retention Agreement With PAO
BILL BARRETT: Egan-Jones Raises Sr. Unsecured Rating to CC
BIOSCRIP INC: CAO Britt Jeffcoat Will Step Down
BIOSTAGE INC: Adds Two New Members to Board of Directors

BOND AND COMPANY: Gets Approval to Hire CBIZ MHM as Accountant
BRIAR HILL: Case Summary & 18 Largest Unsecured Creditors
CANNABIS SCIENCE: Incurs $2.38 Million Net Loss in Second Quarter
CARRIZO OIL: Egan-Jones Hikes Sr. Unsecured Rating to B-
CHARLES LUCAS: Lowe Selling All Nacogdoches Mineral Interests

COMBIMATRIX CORP: MMCAP Has 5.5% Stake as of Aug. 7
COMPASS ITECH: Chapter 727 Claims Bar Date Set for Dec. 11
CONSOLIDATED COMMUNICATIONS: Egan-Jones Cuts Unsec. Ratings to B-
COUNTRYWIDE INSURANCE: A.M. Best Revises Outlook to Negative
COWEN INC: Egan-Jones Raises Sr Unsecured Rating to BB+

CRYOPORT INC: Continues to Register 1.6 Million Common Shares
CRYSTAL WATERFALLS: Court Has No Jurisdiction on State Law Claims
CST INDUSTRIES: Court Sets Sept. 22 Claims Bar Date
CTI BIOPHARMA: Matthew Plunkett Resigns as Chief Business Officer
CYPRESS SEMICONDUCTOR: S&P Alters Outlook to Stable & Affirms CCR

DANCING WATERS: Sahlin to Sell 50% Interest in Bellingham Property
DENBURY RESOURCES: Egan-Jones Hikes Sr. Unsec. Debt Rating to CCC
DOLPHIN ENTERTAINMENT: Reports $1.55M Net Loss for Second Quarter
EARNSHAW ASSOCIATES: Seeks to Hire CGI & Appoint CRO
EARNSHAW ASSOCIATES: Taps Lewis & Thomas as Legal Counsel

EAST MAIN COMPLEX: Voluntary Chapter 11 Case Summary
ECOSPHERE TECHNOLOGIES: Incurs $1.26 Million Net Loss in Q2
EMBLEMHEALTH INC: A.M. Best Affirms C++ FSR on Subsidiaries
EQUITABLE LIFE: A.M. Best Keeps B(fair) Financial Strength Rating
EXCO RESOURCES: Egan-Jones Lowers FC Unsec. Rating to C

EXGEN TEXAS: S&P Affirms 'CCC-' Sr. Sec. Rating, Outlook Negative
FAH INVESTMENTS: Rhode Island Court Appoints Receiver
FINJAN HOLDINGS: Will Present at Annual Liolios Gateway Sept. 6
FIRST CHICAGO: A.M. Best Alters Outlook to Pos. & Affirms FSR
FIRSTLIGHT HYDRO: S&P Raises CCR to 'B+', Outlook Stable

FLO'S LLC: Taps William C. Schuster as Accountant
FOSSIL GROUP: Egan-Jones Cuts Sr. Unsecured Rating to BB
FTE NETWORKS: Hikes 2nd Quarter Revenue to $50.7 Million
FTE NETWORKS: Incurs $5.09 Million Net Loss in Second Quarter
GELTECH SOLUTIONS: Signs New 3-Year Contract with CFO

GOLDEN INSURANCE: A.M. Best Affirms 'bb-' LT Issuer Credit Rating
GREAT BASIN: Reaches Forbearance Agreement With Lender
GREEN PLAINS: Egan-Jones Lowers Sr. Unsecured Rating to B+
GUIDED THERAPEUTICS: Signs $53K Note Purchase Pact With Power Up
HELIOS AND MATHESON: Will Acquire Majority Stake in MoviePass

HISTOPATH LAB: Chapter 727 Claims Bar Date Set for Dec. 13
HUMANIGEN INC: Has $15M Equity Financing From Aperture
IDERA INC: S&P Cuts CCR to 'B-' on Add'l. Debt-Funded Acquisitions
INTERNAP CORP: S&P Alters Outlook to Stable & Affirms 'B' CCR
ISTAR INC: Egan-Jones Raises Sr. Unsecured Rating to BB-

ITUS CORP: Fails to Comply With Nasdaq's $1 Bid Price Rule
J CREW GROUP: Incurs $20.6 Million Net Loss in Second Quarter
J CREW GROUP: Names Vincent Zanna as New Chief Financial Officer
JAX TRANSFER: Chapter 727 Claims Bar Date Set for Nov. 25
JAXCOPY LLC: Chapter 727 Claims Bar Date Set for Nov. 27

JOHN Q. HAMMONS: $1.6M Sale of Middleton Property to JDH Okayed
KEMET CORP: Egan-Jones Hikes Sr. Unsecured Ratings to CCC
KING'S PEAK: Hires Burdick & Associates as Accountants
KING'S PEAK: Taps Leaf River's Tiddens as CRO
LAYFIELD & BARRETT: Taps Havkin & Shrago as Legal Counsel

LEO MOTORS: Reports $3.1 Million Net Loss for Second Quarter
LEWER LIFE: A.M. Best Affirms B(fair) Financial Strength Rating
LIQUIDMETAL TECHNOLOGIES: Appoints Tony Chung to Board
MAX SOUTH CONSTRUCTION: Nov. 20 Chapter 727 Claims Bar Date Set
MICHAELS STORES: Egan-Jones Assigns BB- Sr. Unsec. Debt Ratings

MIDROX INSURANCE: A.M. Best Hikes Financial Strength Rating
NC MUTUAL: A.M. Best Lowers Financial Strength Rating to C+
NEPHROS INC: Has $1M Revolving Credit Facility With Tech Capital
NORTH CENTRAL FLORIDA: Plan Outline Hearing Set for Sept. 7
NORTHWEST DENTISTS: A.M. Best Hikes Rating From 'B(fair)'

NOTIS GLOBAL: Ned Siegel Becomes Executive Chairman
NOTIS GLOBAL: Unwinds Acquisition of PCH Investment
OCEAN RIG: U.S. Court Formally Recognizes Cayman Proceedings
OMEROS CORP: Continues to Pursue 'Art Doyle' Defamation Case
OMINTO INC: Form 10-Q Delay Triggers Nasdaq Noncompliance

OPTIMUMBANK HOLDINGS: Bank Chief Operating Officer Resigns
PANDA TEMPLE: S&P Withdraws 'D' Corporate Credit Rating
PENICK PRODUCE: Committee Seeks Ch. 11 Trustee Appointment
PERFUMANIA HOLDINGS: Files for Chapter 11 with Pre-Packaged Plan
PERFUMANIA HOLDINGS: Gordon & Hilco to Hold GOB Sales at 65 Stores

PERFUMANIA HOLDINGS: Pre-Packaged Plan Has All Claims Unimpaired
PET EXPRESS: Plan Confirmation Hearing Set for Sept. 7
PRECIPIO INC: Prices $6 Million Public Offering
PRECIPIO INC: Reports $8.9 Million Net Loss for Second Quarter
QUANTUM CORP: Six Directors Elected by Stockholders

REYNOLDS PROTECTION: Plan Confirmation Hearing Set for Sept. 12
RICE ENERGY: Egan-Jones Hikes Sr. Unsecured Ratings to BB-
ROOT9B HOLDINGS: Secures Incremental Funding of $500,000
RS & E HOLDINGS: Chapter 727 Claims Bar Date Is Dec. 5, 2017
SAEXPLORATION HOLDINGS: Reports Q2 Consolidated Financial Results

SEARS CANADA: Fairholme Capital Reports 15.9% Equity Stake
SEARS CANADA: Fairholme Cuts Ownership Stake to 16.6%
SEVEN OAKS: To Pay Debtors Through Receivables, Property Sale
SINGH LODGING: Ch. 11 Trustee Sought Due to Gross Mismanagement
SIXTY SIXTY CONDOMINIUM: $1M Bulk Sale of All Assets to MRC Okayed

SKYWEST INC: Egan-Jones Lowers Sr. Unsecured Ratings to BB
SPANISH BROADCASTING: Two Directors Tender Resignations
SPI ENERGY: Strong Textile Owns 3.8% of Shares as of Aug. 24
SPRUILL'S PROPERTIES: Case Summary & 4 Top Unsecured Creditors
ST. JOSEPH HEALTH PLAN: Rhode Island Court Appoints Receiver

STEAK N SHAKE: S&P Alters Outlook to Negative & Affirms 'B-' CCR
STOLLINGS TRUCKING: River Buying Personal Property for $105K
SUNVALLEY SOLAR: Reports $170,000 Net Loss in Second Quarter
TERRAVIA HOLDINGS: Sept.11 Auction of All Assets Set
TOWERSTREAM CORP: Shareholder Urges Board to Hire Banker

TRE AMICI LEASING: Taps Douglas J. Burns as Accountant
VALLEY PETROLEUM: Hires Leverson Lucey & Metz as Attorney
VERTEX ENERGY: Okays Grant of 480,000 Shares Stock Options
WADHWA DENTAL: Plan Confirmation Hearing Set for October 4
WALKER RENAISSANCE: Taps Grimaldi Commercial as Real Estate Agent

WEST BATON: DOJ Watchdog Names D. Murray Name as Ch. 11 Trustee
WEST VIRGINIA NATIONAL: A.M. Best Revises Outlook to Negative
XPO LOGISTICS: S&P Raises CCR to BB- on Improved Credit Metrics
[^] Large Companies with Insolvent Balance Sheet

                            *********

21ST CENTURY ONCOLOGY: Claims Bar Date Expires Sept. 5
------------------------------------------------------
Parties-in-interest, excluding governmental entities, have until
Sept. 5, 2017, to file proofs of claim in the Chapter 11 cases of
21st Century Oncology Holdings, Inc., and its debtor-affiliates.

Governmental entities have until Nov. 21, 2017, to file proofs of
claim.

Each Proof of Claim must be filed, including supporting
documentation, by either: (i) electronically using the interface
available on the Notice and Claims Agent's website at
https://epoc.kccllc.net/21co; or (ii) first-class U.S. Mail,
overnight mail, or other hand-delivery system, which Proof of Claim
must signed by the claimant, or if the claimant is not an
individual, by an authorized agent of the claimant, so as to be
received by Kurtzman Carson Consultants LLC on or before the Claims
Bar Date or the Governmental Bar Date (or, where applicable, on or
before any other Bar Date) at this address:

     21st Century Oncology Holdings, Inc.
     Claims Processing Center
     c/o Kurtzman Carson Consultants LLC
     2335 Alaska Avenue
     El Segundo, California 90245;

IF DELIVERED BY HAND

     United States Bankruptcy Court
     Southern District of New York
     300 Quarropas Street, Room 248
     White Plains, NY 10601

                   About 21st Century Oncology

21st Century Oncology Holdings, Inc., is a global provider of
integrated cancer care services.  As of March 31, 2017, the company
operated 179 treatment centers, including 143 centers located in 17
U.S. states and 36 centers located in seven countries in Latin
America.

21st Century and 59 U.S. affiliates filed Chapter 11 petitions
under the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-22770)
on May 25, 2017.  The cases are pending before the Hon. Judge
Robert D. Drain.

Lorenzo Marinuzzi, Esq., at Morrison & Foerster LLP serves as the
Debtor's bankruptcy counsel.  The Debtor employed Kurtzman Carson
Consultants LLC as claims and noticing agent.

At the time of the filing, the Debtors estimated their assets and
debt at $1 billion to $10 billion.

On June 8, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee has
tapped Morrison & Foerster LLP as counsel and Berkeley Research
Group, LLC and financial advisor.


ABRAXAS PETROLEUM: Egan-Jones Hikes Sr. Unsec. Rating to CCC
------------------------------------------------------------
Egan-Jones Ratings Company, on June 19, 2017, raised the local
currency and foreign currency senior unsecured ratings on debt
issued by Abraxas Petroleum Corp to CCC from CC.  EJR also raised
the ratings on commercial paper to C from D.

Based in San Antonio, Texas, Abraxas Petroleum Corporation, an
independent energy company, engages in the acquisition,
exploitation, development, and production of oil and gas properties
in the United States.


ALLEGIAN INSURANCE: A.M. Best Withdraws 'B(Fair)' FSR
-----------------------------------------------------
A.M. Best has withdrawn the Financial Strength Rating of B (Fair)
and the Long-Term Issuer Credit Rating of "bb+", each with a stable
outlook of Allegian Insurance Company, d/b/a Allegian Health Plans
(AHP) (San Antonio, TX). The ratings withdrawal reflects the fact
that there is insufficient information being provided to A.M. Best
to support an ongoing credit opinion of the company consistent with
A.M. Best's rating criteria.

Certain assets of AHP's Medicare Advantage business were assumed by
GHS Insurance Company, and certain assets of AHP's commercial
business were assumed by Blue Cross Blue Shield of Texas.

A.M. Best's policy is for a final rating to be completed along with
a rating withdrawal. However, a final rating was not able to be
completed due to lack of financial data and other information
necessary to support the formation of a current credit rating
opinion.


ALLY FINANCIAL: Commitment to Maintain Leverage Ratio Released
--------------------------------------------------------------
Ally Financial Inc. announced that the Federal Reserve has released
Ally Bank from the capital, liquidity, and business plan
commitments that had been made in connection with its application
for membership in the Federal Reserve System, including the
commitment to maintain a Tier 1 leverage ratio of at least 15%.
Ally Bank may now manage its capital and liquidity subject to
applicable regulatory requirements and, as a result, is expected to
distribute a dividend of approximately $2.9 billion to Ally
Financial Inc. during the third quarter of 2017.

"The release of these application commitments is a significant
milestone for the company," said Ally Chief Executive Officer
Jeffrey J. Brown.  "This development completes the process of
normalizing our regulatory framework, allowing us to optimize our
capital and funding structure on a level playing field with other
banks, and is a critical step in ensuring we remain on track for
delivering on our financial and strategic objectives."

                    About Ally Financial Inc.

Ally Financial Inc. (NYSE: ALLY) (formerly GMAC Inc.) is a digital
financial services company and a top 25 U.S. financial holding
company offering financial products for consumers, businesses,
automotive dealers and corporate clients.  Ally's legacy dates back
to 1919, and the company was redesigned in 2009 with a distinctive
brand, innovative approach and relentless focus on its customers.
Ally has an award-winning online bank (Ally Bank Member FDIC and
Equal Housing Lender), which offers deposit, mortgage and credit
card products, one of the largest full service auto finance
operations in the country, a complementary auto-focused insurance
business, a growing digital wealth management and online brokerage
platform, and a trusted corporate finance business offering capital
for equity sponsors and middle-market companies.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake.  Private equity firm Cerberus
Capital Management LP keeps 14.9 percent, while General Motors Co.
owns 6.7 percent.

Ally reported net income of $1.1 billion for the year ended Dec.
31, 2016, compared to net income of $1.28 billion for the year
ended Dec. 31, 2015.

                          *     *     *

As reported by the TCR on Oct. 14, 2016, S&P Global Ratings said it
revised its outlook on Ally Financial to stable from positive and
affirmed the 'BB+' long-term issuer credit rating.  "The revised
outlook reflects weakening credit conditions in the vehicle finance
industry, in our view, which represents the majority of Ally's
business," said S&P Global Ratings credit analyst Matthew Carroll.

As reported by the TCR on Oct. 3, 2016, Fitch Ratings has affirmed
Ally Financial's Long-Term Issuer Default Rating at 'BB+',
Viability Rating (VR) and 'bb+' and Short-Term IDR at 'B'.  The
Rating Outlook is Stable.  The rating actions have been taken as
part of Fitch's periodic peer review of U.S. consumer
lending-focused internet banks, which comprises four publicly rated
firms.


AMERICAN FEDERATED: A.M. Best Affirms 'bb' Issuer Credit Rating
---------------------------------------------------------------
A.M. Best, in early June 2017, affirmed the Financial Strength
Rating of B (Fair) and the Long-Term Issuer Credit Rating of "bb"
of American Federated Insurance Company (AFIC) (Flowood, MS). The
outlook of these Credit Ratings (ratings) remains negative.

AFIC is an indirect, wholly owned subsidiary of First Tower Finance
Company LLC (First Tower Finance), a multi-line specialty finance
company. Prospect Capital Corporation [NASDAQ: PSEC], a publicly
traded closed-end investment company, indirectly owns an 80.1%
majority interest in First Tower Finance and its subsidiaries.

The ratings reflect the considerable financial leverage that has
resulted in a deficit in members' equity at First Tower Finance,
stemming from a 2014 transaction involving the return of First
Tower Finance's capital to its members. The outlooks reflect the
significant financial leverage at First Tower Finance, an
intermediate holding company, and the potential for this to create
pressure on AFIC for dividends or increased expense sharing.

Negative rating actions could occur if the financial condition of
First Tower Finance weakens significantly. In addition, negative
rating actions could occur should Prospect Capital Corporation fail
to provide adequate support for First Tower Finance and its
subsidiaries.


AMERICAN RESOURCES: A.M. Best Cuts Financial Strength Rating to B-
------------------------------------------------------------------
A.M. Best has downgraded the Financial Strength Rating to B- (Fair)
from B (Fair) and the Long-Term Issuer Credit Rating to "bb-" from
"bb" of American Resources Insurance Company, Incorporated (ARIC)
(headquartered in Mobile, AL). The outlook of these Credit Ratings
(ratings) remains negative.

The negative rating actions reflect the further weakening of ARIC's
balance sheet, its ongoing unfavorable operating performance and
historical inability to execute effective risk management
practices. Surplus levels continue to decline while underwriting
risk increases, resulting in high underwriting leverage and above
average use of reinsurance to bring its net retained exposures to a
manageable level. Earnings have also been strained by investments
in technology and staff to support growth initiatives.

Since 2012, ARIC has provided commercial multi-peril, workers'
compensation, commercial auto and general liability coverage,
primarily in small rural areas in Georgia, Alabama, Mississippi,
Tennessee, Kentucky and other Southern states. Recent underwriting
losses were attributed to larger non-rural commercial accounts
produced in the metro Atlanta, Georgia area. ARIC also maintains
exposure to claims related to black lung disease from a legacy
workers' compensation book of business provided in the past to the
coal mining industry. In recent years, the run-off of these legacy
claims has been favorable.

The negative outlook reflects pressure on the rating and A.M.
Best's opinion that the balance sheet will continue to weaken in
2017 due to further loss of surplus from operations.


AMERICAN TOOLS: Plan Confirmation Hearing Set for Oct. 4
--------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico is set to
hold a hearing on October 4 to consider approval of the Chapter 11
plan of reorganization for American Tools Inc.

The hearing will be held at 2:00 p.m. at the Jose V. Toledo,
Federal Building & U.S. Courthouse, Courtroom No. 1, Second Floor,
300 Del Recinto Sur Street, Old San Juan, Puerto Rico.

The court on August 3 approved the company's disclosure statement
after finding that it contains "adequate information."  The order
required creditors to file objections to confirmation of the plan
on or before seven days prior to the hearing.

Under the plan, creditors holding Class 3 general unsecured claims
will get 3% of their claims.  They will receive a monthly payment
of $1,786.39 for 60 months for a total of $107,183.32.  Payments
will start 30 days after confirmation of the plan.

General unsecured creditors assert a total of $3,572,777.31 in
claims.  

                      About American Tools

American Tools, Inc. manufactures custom sheet metal products in
its facilities in Bayamon, Puerto Rico.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. P.R. Case No. 16-08071) on October 7, 2016.  Jimmy
Cepeda Benavides, vice-president and treasurer, signed the
petition.  At the time of the filing, the Debtor estimated assets
of less than $1 million and liabilities of $1 million to $10
million.

The case is assigned to Judge Brian K. Tester.  The Debtor hired
the Law Offices of Emily D. Davila as its legal counsel.

On May 16, 2017, the Debtor filed a Chapter 11 plan of
reorganization and disclosure statement.


ANEW YOU MEDICAL: Taps Malaise Law Firm as Attorney
---------------------------------------------------
Anew You Medical Weight Loss and Spa PLLC seeks authority from the
US Bankruptcy Court for the Western District of Texas, San Antonio
Division, to employ Malaise Law Firm as bankruptcy counsel.

The professional services which Malaise Law is to render are:

     (a) give the Debtor-in-Possession legal advice with respect to
the Debtor's powers and duties in the continued operation of the
business and the management of the funds and property of the
Debtor-in-Possession;

     (b) prepare, on behalf of the Debtor-in-Possession, necessary
pleadings and other documents;

     (c) advise the Debtor-in-Possession and work with the Debtor's
creditors in an effort to devise a Plan; and

     (d) perform all other legal services for the
Debtor-in-Possession which may be necessary under Chapter 11 .

The Debtor proposes to employ Malaise Law Firm at these hourly
rates:

     Steven G. Cennamo   $275.00
     J. Todd Malaise     $275.00
     Legal Assistant     $ 60.00

Steven G. Cennamo, Esq. attests that he does not represent nor have
any connection with any creditor, any other party in interest,
their respective attorneys and accountants, the United States
Trustee, or any person employed in the office of the United States
Trustee, and represent no interest adverse to the Debtor.

The Firm can be reached through:

     Steven G. Cennamo, Esq.
     MALAISE LAW FIRM
     909 N.E. Loop 410, Suite 300
     San Antonio, TX 78209
     Telephone: (210) 732-6699
     Facsimile: (210) 732-5826

            About Anew You Medical Weight Loss and Spa

San Antonio-based Anew You -- https://anewyousa.com/ -- is a new
upscale med spa with the most innovative medical technology in
lasers, injections, medical weight loss, beauty and wellness
services.  .The Debtor sought Chapter 11 protection (Bankr. W.D.
Tex. Case No: 17-51756) on July 28, 2017. The petition was signed
by Margaret Sheryl Wehner, managing member.  The Hon. Craig A.
Gargotta presides over the case.  Steven G. Cennamo, Esq. at
Malaise Law Firm, represents the Debtor as counsel.

At the time of filing, the Debtor estimates $0 to $50,000 in assets
and $1 million to $10 million in liabilties.


AURORA GAS: $100K Sale of Equipment to Aurora Exploration Okayed
----------------------------------------------------------------
Judge Gary Spraker of the U.S. Bankruptcy Court for the District of
Alaska authorized Aurora Gas, LLC to (i) assume and assign its oil
and gas leases in the Nicolai Creek Unit; (ii) assume and assign it
sale contracts with Tesoro, Homer Electric Association and Helena
Energy; and (i) sell equipment to Aurora Exploration, LLC ("AE")
for $100,000.

The sale of the Equipment is "as is, where is" without warranties
of condition or merchantability of any kind.

The assignment of the Mineral Leases is subject to approval of the
State of Alaska.  Following approval of the Transaction by the
Court, and pending State approval, the Debtor will continue to
operate the Mineral Leases and the Equipment, receive all revenue
therefrom and from the Sales Contracts, and be responsible for the
related operating expenses.  The failure of the State of Alaska to
approve assignment of the Mineral Leases on terms acceptable to AE
will nullify the Transaction and all parties will be restored to
their positions as of the date of the entry of the Order.

Any necessary cures of default or adequate assurances of future
performance will be provided by AE but be limited by the terms set
out in the Second Offer from AE, supplemented by the attachment to
AE's status report, and the Response to Debtor's Counter-Offer.

The Transaction will be closed promptly following State approval of
the assignment of the Mineral Leases.  AE will pay the Debtor
$100,000 in cash at closing and will indemnify the Debtor and its
bankruptcy estate for any future well closure and abandonment
liabilities, and for all maintenance costs for the assigned leases
after the effective date of Sept. 1, 2017, provided AE receives the
revenue from the assigned leases after the effective date.

Except for well closure and abandonment liabilities, AE will have
no liability for the Debtor's pre-petition liabilities related to
the assigned leases including but not limited to royalty payments,
maintenance costs and operating expenses.

Following the closing the Mineral Leases, the Sales Contracts and
the Equipment will be free and clear of liens of any party given
notice of this sale or who has actual knowledge of the sale in time
to raise an objection to it with the Court.

The Transaction does include the AG "Sale Contracts" for the sale
of natural gas to Tesoro, HEA and Helena Energy.  It does not
include the Large Commercial gas sale contracts owned by AG before
bankruptcy.  The Large Commercial Contracts will be subject to a
further order by the Court.  AE has offered $10,000 to purchase the
Large Commercial Contracts; however, the Court retains jurisdiction
to dispose of the Large Commercial Contracts by a subsequent
order.

                       About Aurora Gas

Sugarland, Texas-based Aurora Gas LLC owns and operates
gas-producing properties in Alaska and also engages in the
exploration and development of gas properties.

Erik LeRoy, Esq., at Erik Leroy P.C., on behalf of Aurora Well
Service, LLC, Shirleyville Enterprises, LLC, and Tanks A Lot, Inc.,
filed an involuntary Chapter 11 bankruptcy petition against the
Debtor (Bankr. D. Alaska Case No. 16-00130) on May 3, 2016.

Aurora Gas LLC sought authority to employ David H. Bundy, P.C., as
bankruptcy counsel.  The Debtor also sought authority to employ BDO
USA, LLP, and Dan Dickinson as accountants.

Gail Brehm Geiger, Acting U.S. Trustee for Region 18, appointed on
Aug. 9, 2016, five creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of Aurora Gas LLC.  Erik
Leroy P.C. serves as counsel to the Committee.


AVENICA INC: Trustee's Sale of Computer Equipment for $1.5K Okayed
------------------------------------------------------------------
Judge Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York authorized the Asset Purchase
Agreement dated June 28, 2017 by and between Esther DuVal, the
Chapter 11 trustee for Avenica Inc. and Gallant Capital Markets,
and NJ Premier, Inc., in connection with the private sale of
computer and electronic equipment of de minimis value for $1,500.

The sale is free and clear of all liens, claims, encumbrances and
interests of any kind or nature whatsoever to the fullest extent
permitted by law.

                       About Avenica Inc.

Avenica, Inc., is a service company that provides staffing and
day-to-day operations for Gallant Capital Markets, a foreign
exchange broker incorporated in the British Virgin Islands.

Avenica and Gallant sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case Nos. 17-41813 and 17-41814)
on April 14, 2017.  The petitions were signed by Salvatore
Bucellato, CEO.  

At the time of the filing, Avenica estimated assets and liabilities
of less than $50,000, and Gallant estimated its assets and
liabilities at $1 million to $10 million.

Judge Elizabeth S. Stong presides over the cases.  

The Debtors hired Shipkevich PLLC as their bankruptcy counsel.

On May 30, 2017, the Office of the U.S. Trustee appointed Esther
DuVal as Chapter 11 trustee for the Debtors.  The appointment was
approved by the Court.

Counsel for the Trustee:

          Robert M. Schechter, Esq.
          PORZIO, BROMBERG & NEWMAN, P.C.
          156 West 56th Street, Suite 803
          New York, NY 10019-3800


AVMED INC: A.M. Best Affirms B(fair) Financial Strength Rating
--------------------------------------------------------------
A.M. Best, in June 2017, downgraded the Long-Term Issuer Credit
Rating (Long-Term ICR) to "bb" from "bb+" and affirmed the
Financial Strength Rating (FSR) of B (Fair) of AvMed, Inc. (AvMed)
(Miami, FL). The outlook for the FSR has been revised to negative
from stable, while the outlook for the Long-Term ICR remains
negative.

The rating action reflects the continued decline in AvMed's
absolute capital and a corresponding decrease in its risk-adjusted
capital for year-end 2016. The $15 million net loss reported in
2016 deteriorated compared to the prior year and resulted primarily
from growing membership selecting the richest platinum and gold
plans, which generated higher utilization in its Individual &
Family Plan (IFP) off-Exchange product. Additionally, AvMed's
financial losses were partially attributed to its planned
investments in information technology capabilities.

AvMed's management is in the process of executing an operating
performance improvement plan, including initiatives focused on
developing a more cost efficient operating model. Furthermore, the
Florida Office of Insurance Regulation (OIR) approved an IFP
premium rate increase effective Jan. 1, 2017. Management also has
recently filed with the OIR its proposed premium rate increases for
2018. However, the level of risk-adjusted capitalization is
projected to increase only marginally during 2017. A.M. Best is
concerned that potential unexpected premium growth or medical cost
increases may put further pressure on already weak capitalization.

Future positive rating action may occur if AvMed reports a
sustained trend of profitable operating results and a trend of
improved risk-adjusted capital. Future negative rating actions
could occur if operating losses continue or risk-adjusted capital
declines further.


AYTU BIOSCIENCE: Armistice Has 9.9% Stake as of Aug. 14
-------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Armistice Capital, LLC, Armistice Capital Master Fund
Ltd. and Steven Boyd disclosed that as of Aug. 14, 2017, they
beneficially owned 8,112,818 shares of common stock of Aytu
Bioscience, Inc., representing 9.99 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at
https://is.gd/kBYw9Q

                    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 March 31, 2017, Aytu had $15.91
million in total assets, $7.39 million in total liabilities, and
$8.52 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: Manchester Has 4.6% Stake as of Aug. 15
--------------------------------------------------------
Manchester Management Company, LLC, disclosed in a regulatory
filing with the Securities and Exchange Commission that as of Aug.
15, 2017, it beneficially owns 4,206,614 shares of common stock of
Aytu Bioscience Inc. representing 4.6 percent of the shares
outstanding.  James E. Besser also reported beneficial ownership of
5,563,955 common shares.

The securities reported in this Schedule 13G that are beneficially
owned by Manchester Management Company, LLC are directly owned by
advisory clients of Manchester Management Company, LLC, none of
which owns more than 5% of the class.

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

                    https://is.gd/GQjoj4

                    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 March 31, 2017, Aytu had $15.91
million in total assets, $7.39 million in total liabilities and
$8.52 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.


B & B FAMILY: Plan Confirmation Hearing Set for Sept. 26
--------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California is
set to hold a hearing on September 26 to consider approval of the
Chapter 11 plan of reorganization for B & B Family, Incorporated.

The court on August 3 approved the company's disclosure statement
after finding that it contains "adequate information."

The order set a September 20 deadline for creditors to file their
objections to confirmation of the proposed restructuring plan.

                About B & B Family, Incorporated

B & B Family, Incorporated aka Oggi's Apple Valley aka Oggi's Apple
Valley Pizza aka B&B Family, Inc. aka Oggi's dba Oggi's Pizza &
Brewing Company aka Apple Valley Oggi's Pizza & Brewing Company
filed a Chapter 11 petition (Bankr. C.D. Cal. Case No. 16-19993),
on Nov. 10, 2016.  The petition was signed by Randall Richey,
secretary.  The case is assigned to Judge Mark D. Houle.  The
Debtor is represented by Todd Turoci, Esq. and Julie Philippi,
Esq., at The Turoci Firm.  The Debtor disclosed $114,662 in total
assets and $1.10 million in total liabilities.


BARBARA BRODY: Conservator's Sale of Los Angeles Property Approved
------------------------------------------------------------------
Judge Vincent P. Zurzolo of the U.S. Bankruptcy Court for the
Central District of California authorized Marlene M. Dennis, the
appointed conservator for Barbara S. Brody, to sell real property
located at 4184 Mildred Avenue, Los Angeles, California, to Marian
Farimani with title vested as Marre, LLC, for $1,060,000.

A hearing on the Motion was held on Aug. 8, 2017.

Landmark Escrow is authorized to pay all closing costs, brokers'
commissions and real property taxes at the closing of the sale.

The Escrow is authorized to pay the following claims listed in
preliminary title report, including all reasonable accruals,
interests and fees to: (i) the claim of Nationstar Mortgage, LLC -
Instrument No. 2002-2872728; and (ii) the claim of Bank of America,
N.A. - Instrument No. 2007-2494236.

The sale is free and clear of all liens, claims, encumbrances,
adverse interests, liabilities and obligation, including but not
limited to, the disputed lien of Matthew William Parr Bennett -
Instrument No. 2015-1212513.  The Bennett Lien will attach to the
proceeds of the Sale with the same extent, validity, priority,
force, and effect that it had against the Mildred Property
immediately prior to the Sale.

The Escrow will tender the Net Proceeds to the Debtor's counsel's
to be deposited into the attorney-client trust account of Weintraub
& Selth, APC ("WS").  WS will not make any disbursements from the
Net Proceeds unless expressly authorized by the Order or by further
order of the Court.

The 14-day stay provided by Federal Rule of Bankruptcy Procedure
6004(h) is waived, and the Order will be effective and enforceable
immediately upon entry.

                     About Barbara S. Brody

Barbara S. Brody sought Chapter 11 protection (Bankr. C.D. Cal.
Case No. 16-22654) on Sept. 23, 2016.  

The Debtor's brother and temporary conservator Norman M. Brody
commenced the bankruptcy case.  Subsequently, Marlene M. Dennis,
was appointed as successor conservator of the estate of Barbara S.
Brody.

The Debtor engaged James R. Selth, Esq., at Weintraub & Selth AP,
as counsel.  It also tapped Estates & Trust Properties USA as
broker.


BEACON ROOFING: S&P Puts 'BB-' CCR on CreditWatch Negative
----------------------------------------------------------
S&P Global Ratings placed its 'BB-' corporate credit rating on
Herndon, Va.-based Beacon Roofing Supply Inc. on CreditWatch with
negative implications. In addition, S&P placed its issue-level
ratings on the company on CreditWatch with negative implications.

The CreditWatch follows Beacon's announcement that it has entered
into a definitive agreement to purchase Allied Building Supply Inc.
from CRH plc for total cash consideration of $2.625 billion. The
company expects to complete the transaction on Jan. 2, 2018,
subject to customary regulatory approvals.

S&P Global Ratings will discuss Beacon's strategic and financial
policy plans with management, including the terms of the new debt
and capital structure, the acquisition's impact on Beacon's overall
business, projected operating performance, and debt reduction
targets. S&P said, "We will also review the terms and potential
impact on the company's existing and proposed issue-level ratings
given the proposed addition of incremental asset-based revolving
credit capacity and new term loans and senior notes. Assuming the
transaction closes and the financing is as planned, we may either
affirm or lower the ratings on Beacon, but at this juncture we
believe any downgrade would likely be limited to one notch."


BEBE STORES: Signs $50,000 Retention Agreement With PAO
-------------------------------------------------------
To encourage continued employment through the Company's
restructuring process, bebe stores, inc. entered into a retention
bonus agreement with Darren Horvath, the Company's controller and
principal accounting officer on Aug. 17, 2017.
Mr. Horvath will receive a retention bonus $50,000 should he remain
employed by the Company until Dec. 31, 2017.  The Retention Bonus
will not be earned and will not be paid if he (i) voluntarily
terminates employment or (ii) is terminated by the Company for
cause prior to the End Date.  If Mr. Horvaths' employment is
terminated by the Company without cause prior to the End Date, Mr.
Horvath will be paid the entire amount of the retention bonus.

                    About bebe stores inc.

Based in Brisbane, California, bebe stores inc. (NASDAQ: BEBE) is a
women's retail clothier established in 1976.  The brand develops
and produces a line of women's apparel and accessories, which it
markets under the Bebe, BebeSport, and Bebe Outlet names.

Manny Mashouf founded bebe stores, inc. and has served as chairman
of the Board since the Company's incorporation in 1976.  Mr.
Mashouf became the chief executive officer beginning February 2016.
He previously served as the Company's CEO from 1976 to February
2004 and again from January 2009 to January 2013.  Mr.
Mashouf is the uncle of Hamid Mashouf, the Company's chief
information officer.

The Company operated brick-and-mortar stores in the United States,
Puerto Rico and Canada.  The Company had 142 retail stores before
ending all retail operations in the U.S. by May 27, 2017.

bebe stores reported a net loss of $27.48 million for the year
ended July 2, 2016, compared to a net loss of $27.67 million for
the year ended July 4, 2015.

bebe stores reported $168,885,000 in assets, $53,077,000 in
liabilities and $115,808,000 in total shareholders' equity as of
Dec. 31, 2016.

As of April 1, 2017, bebe stores had $109.60 million in total
assets, $46.48 million in total liabilities and $63.12 million in
total shareholders' equity.


BILL BARRETT: Egan-Jones Raises Sr. Unsecured Rating to CC
----------------------------------------------------------
Egan-Jones Ratings Company, on June 19, 2017, raised the local
currency and foreign currency senior unsecured ratings on debt
issued by Bill Barrett Corp to CC from C.

Bill Barrett Corporation is an energy company based in Denver,
Colorado. Its core business is natural gas and oil exploration and
development in the Rocky Mountains region of the United States.  



BIOSCRIP INC: CAO Britt Jeffcoat Will Step Down
-----------------------------------------------
Britt C. Jeffcoat agreed that he would step down from his position
as vice president, controller and chief accounting officer of
BioScrip, Inc., as disclosed in a Form 8-K report filed with the
Securities and Exchange Commission.  Mr. Jeffcoat's last day with
the Company is expected to be Dec. 15, 2017.

                        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.

BioScrip incurred a net loss attributable to common stockholders of
$50.59 million for the year ended Dec. 31, 2016, compared to a net
loss attributable to common stockholders of $309.51 million for the
year ended Dec. 31, 2015.

As of June 30, 2017, Bioscrip disclosed $613.38 million in total
assets, $600 million in total liabilities, $2.63 million in series
A convertible preferred stock, $74.22 million in series C
convertible preferred stock, and a $63.48 million total
stockholders' deficit.

                           *    *    *

In August 2017, Moody's Investors Service affirmed BioScrip, Inc.'s
'Caa2' Corporate Family Rating.  BioScrip's 'Caa2' CFR reflects the
company's very high leverage and weak liquidity.

In July 2017, S&P Global Ratings affirmed its 'CCC' corporate
credit rating on BioScrip Inc. and removed the rating from
CreditWatch, where it was placed with negative implications on Dec.
16, 2016.  The outlook is positive.


BIOSTAGE INC: Adds Two New Members to Board of Directors
--------------------------------------------------------
At a meeting of the Board of Directors of Biostage, Inc., on Aug.
14, 2017, the Board increased the size of the Board from five
directors to six directors.  The Board appointed Dr. Saverio La
Francesca, its current president and chief medical officer, as a
director of the Board to fill the vacancy created by the increase
in the size of the Board, effective Aug. 14, 2017.  Dr. La
Francesca has not been appointed to serve as a member of any of the
Board's committees at this time.  As a director that is also an
employee of the Company, Dr. La Francesca will not receive any
additional compensation for his role as a director.

In addition, as of Aug. 14, 2017, in connection with the conditions
of a purchase agreement, the Board increased the size of the Board
from six directors to seven directors, and appointed Leon
Greenblatt III as a director of the Board to fill the vacancy
created by the increase in the size of the Board.  Mr. Greenblatt
has not been appointed to serve as a member of any of the Board's
committees at this time.  For his service, Mr. Greenblatt will
receive compensation commensurate with that received by the
Company's other non-employee directors.  

                       About Biostage

Biostage, Inc., formerly Harvard Apparatus Regenerative Technology,
Inc. -- http://www.biostage.com/-- is a biotechnology company
developing bio-engineered organ implants based on the Company's new
Cellframe technology which combines a proprietary biocompatible
scaffold with a patient's own stem cells to create Cellspan organ
implants.  Cellspan implants are being developed to treat
life-threatening conditions of the esophagus, bronchus or trachea
with the hope of dramatically improving the treatment paradigm for
patients.  Based on its preclinical data, Biostage has selected
life-threatening conditions of the esophagus as the initial
clinical application of its technology.

Biostage reported a net loss of $11.57 million on $82,000 of
revenues for the year ended Dec. 31, 2016, compared to a net loss
of $11.70 million on $118,000 of revenues for the year ended Dec.
31, 2015.  

As of June 30, 2017, Biostage had $4.65 million in total assets,
$3.37 million in total liabilities, and $1.28 million in total
stockholders' equity.

KPMG LLP, in Cambridge, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has suffered recurring
losses from operations and will require additional financing to
fund future operations which raise substantial doubt about its
ability to continue as a going concern.


BOND AND COMPANY: Gets Approval to Hire CBIZ MHM as Accountant
--------------------------------------------------------------
Bond and Company, Jewelers, Inc. received approval from the U.S.
Bankruptcy Court for the Middle District of Florida to hire CBIZ
MHM, LLC as its accountant.

The firm will, among other things, prepare the Debtor's tax returns
and financial reports, and provide litigation support and
testimony.

The hourly rates charged by the firm range from $300 to $365 for
partners and from $145 to $280 for staff.

William Tapp, a certified public accountant employed with CBIZ,
disclosed in a court filing that his firm is "disinterested" as
defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     William G. Tapp
     CBIZ MHM, LLC
     13577 Feather Sound Drive, Suite 400
     Clearwater, FL 33762
     Phone: 727-572-1400

              About Bond and Company Jewelers Inc.

Headquartered in St. Petersburg, Florida, Bond and Company,
Jewelers, Inc. -- dba Bond Jewelers, Bond Diamonds, and Pandora --
sells various kinds of jewelries with store branches in St.
Petersburg, Brandon and Sarasota Florida.  bonddiamonds.com, a
dynamic online jewelry commerce site, is the online marketing arm
of Bond Diamonds and Bond Jewelers.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. M.D.
Fla. Case No. 17-06561) on July 27, 2017, estimating its assets and
liabilities at between $1 million and $10 million.  The petition
was signed by Marvin K. Shavlan, president.

Scott A. Stichter, Esq., at Stichter, Riedel, Blain & Postler,
P.A., serves as the Debtor's bankruptcy counsel.


BRIAR HILL: Case Summary & 18 Largest Unsecured Creditors
---------------------------------------------------------
Affiliated debtors that simultaneously filed Chapter 11 petitions:

      Debtor                                    Case No.
      ------                                    --------
      Briar Hill Foods, LLC                     17-61892
      653 S. Union Avenue
      Alliance, OH 44601

      Bias Realty, Ltd.                         17-61893
         aka Thorne's Bilo
         aka Thorne's Neighborhood Market
         aka Thorne's Market 701
      1440 Franklin Avenue
      Salem, OH 44460

      Jack Coffy, LLC                           17-61894

      CPW Properties, Ltd.                      17-61895

      Thorne Management, Inc.                   17-61896

Type of Business: Grocery Stores Industry

Chapter 11 Petition Date: August 25, 2017

Court: United States Bankruptcy Court
       Northern District of Ohio (Canton)

Judge: Hon. Russ Kendig

Debtor's Counsel: Kate M. Bradley, Esq.
                  Marc B. Merklin, Esq.
                  BROUSE MCDOWELL, LPA
                  388 S. Main Street, Suite 500
                  Akron, OH 44311
                  Tel: 330-535-5711
                  E-mail: kbradley@brouse.com
                          mmerklin@brouse.com

Briar Hill's estimated assets: $1 million to $10 million
Briar Hill's estimated debt: $10 million to $50 million

Bias Realty's estimated assets: $500,000 to $1 million
Bias Realty's estimated debt: $1 million to $10 million

The petitions were signed by William T. Thorne, managing member.

Briar Hill's list of 18 largest unsecured creditors is available
for free at:

          http://bankrupt.com/misc/ohnb17-61892.pdf

Bias Realty's list of 16 largest unsecured creditors is available
for free at:

          http://bankrupt.com/misc/ohnb17-61893.pdf


CANNABIS SCIENCE: Incurs $2.38 Million Net Loss in Second Quarter
-----------------------------------------------------------------
Cannabis Science, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $2.38 million on $252 of revenue for the three months ended June
30, 2017, compared to a net loss of $1.74 million on $2,862 of
revenue for the three months ended June 30, 2016.

For the six months ended June 30, 2017, Cannabis reported a net
loss of $6.63 million on $3,985 of revenue compared to a net loss
of $5.07 million on $5,787 of revenue for the same period during
the prior year.

As of June 30, 2017, Cannabis had $2.69 million in total assets,
$5.22 million in total liabilities and a $2.53 million total
stockholders' deficit.

The Company has a working capital deficit of $4,670,849 as of June
30, 2017, compared to a working capital deficit of $2,983,206 as of
Dec. 31, 2016.  There are insufficient liquid assets to meet
current liabilities or sustain operations through 2016 and beyond
and the Company must raise additional capital to cover the working
capital deficit.  Management is working on plans to raise
additional capital through private placements and lending
facilities.  The Company currently is relying on existing cash and
loans from stockholders to meet its obligations and sustain
operations.

The Company has promissory note payment commitments of $1,340,156
due to stockholders and currently is in default.  The Company is
negotiating with the debtors to extend the notes payable.  In
addition, the Company has convertible promissory notes payment
commitment of $670,407 to Raymond C. Dabney, CEO/Director of the
Company and $1,235,790 to Royalty Management Services Corp.

The Company has additional capital resource requirements for
personnel, supplies, research and development, laboratory,
cultivation equipment, green houses and scientific equipment of
approximately $6,000,000 over the next 12 months.  These capital
disbursements are dependent on management's successful raising of
capital through private placements and/or lending facilities.

"The Company is not currently in good short-term financial
standing.  We anticipate that we may only generate limited revenues
in the near future and we will not have enough positive internal
operating cash flow until we can generate substantial revenues,
which may take the next two years to fully realize.  There is no
assurance we will achieve profitable operations.  We have
historically financed our operations primarily by cash flows
generated from the sale of our equity securities and through cash
infusions from officers and outside investors in exchange for debt
and/or common stock," as disclosed in the report.

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

                     https://is.gd/DPUJgF

                    About Cannabis Science

Cannabis Science, Inc., was incorporated under the laws of the
State of Colorado, on Feb. 29, 1996, as Patriot Holdings, Inc.
Cannabis is at the forefront of medical marijuana research and
development.  The Company works with world authorities on
phytocannabinoid science targeting critical illnesses, and adheres
to scientific methodologies to develop, produce, and commercialize
phytocannabinoid-based pharmaceutical products.

Cannabis reported a net loss of $10.19 million on $9,263 of revenue
for the year ended Dec 31, 2016, compared with a net loss of $19.14
million on $44,227 revenue for the year ended Dec. 31, 2015.

Turner, Stone & Company, L.L.P., issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016.  The auditors noted that the Company has
suffered recurring losses from operations since inception, has a
working capital deficiency and will need to raise additional
capital to fund its business operations and plans.  Furthermore,
there is no assurance that any capital raise will be sufficient to
complete the Company's business plans.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


CARRIZO OIL: Egan-Jones Hikes Sr. Unsecured Rating to B-
--------------------------------------------------------
Egan-Jones Ratings Company, on July 12, 2017, raised the senior
unsecured ratings on debt issued by Carrizo Oil & Gas Inc. to B-
from CCC+.  EJR also raised the commercial paper rating on the
Company to B from C.

Previously, on June 19, 2017, EJR raised the local currency and
foreign currency senior unsecured ratings on debt issued by Carrizo
Oil to CCC+ from CCC.

Carrizo Oil & Gas, Inc., together with its subsidiaries, engages in
the exploration, development, and production of oil and gas
primarily in the United States.



CHARLES LUCAS: Lowe Selling All Nacogdoches Mineral Interests
-------------------------------------------------------------
John Patrick Lowe, the post-confirmation Plan Trustee of Charles
Michael Lucas, asks the U.S. Bankruptcy Court for the Western
District of Texas to authorize the sale of all of the bankruptcy
estate's mineral and royalty interests in Nacogdoches County,
Texas, including, without limitation, the mineral and royalty
interests (but not working interests) in Nacogdoches County, Texas,
to William O. Berry, Box 448, Uvalde, Texas 78802, for $67,200,
with an effective date of Sept. 1, 2017, subject to overbid.

Objections, if any, must be filed within 21 days from the date of
service.

The Debtor's Schedules disclose real property interests in
Nacogdoches County, Texas.  The Plan Trustee solicited offers for
those interests.  The highest offer, and for mineral and royalty
interests only, was submitted by the Buyer.  The Buyer's is Roger
Berry of Uvalde, Texas whom the Plan Trustee has known for over 50
years.

All of the bankruptcy estate's mineral and royalty interests in
Nacogdoches County, Texas, are described in the Debtor's Schedule
A/B.

A copy of the Debtor's Schedule A/B attached to the Motion is
available for free at:

     http://bankrupt.com/misc/Charles_Lucas_387_Sales.pdf

The Plan Trustee does not seek authority to sell any real property
interests in Nacogdoches County, Texas, other than mineral and
royalty interests.  He does not now seek authority to sell any
working interests in Nacogdoches County, Texas.  The sale should be
without any warranties and without recourse against the Plan
Trustee or the bankruptcy estate.  And the sale should be free and
clear of any and all liens, claims, security interests and
encumbrances, if any, with all of those matters, if any, to attach
to the sales proceeds.  The Plan Trustee believes that First State
Bank Central Texas may have an abstract of judgment against the
Debtor filed in Nacogdoches County, Texas.

The Buyer has or will examine the title to the interests at his own
risk and expense.

The Plan Trustee will pay all ad valorem taxes, if any, against the
subject interests through the date of the sale provided that
evidence of these taxes is turned over to the Plan Trustee within
90 days of the entry of the Order approving the sale.  There are no
broker’s fees or commissions due in the proposed sale.  The Plan
Trustee does not yet know whether this sale will create a federal
income tax liability for the bankruptcy estate.

Any entity may make a higher offer for the subject interests so
long as the response is either filed in the case within 21 days of
the date of the Motion or is sent to the Plan Trustee in time to
enable the Trustee to timely respond to the Motion.  If a timely
response is filed to the Motion, the Plan Trustee's Motion will be
set for a hearing before the Court at time which the Court will
consider all bids or offers and will instruct the Plan Trustee to
sell the subject interests to the then highest bidder.

The Plan Trustee also asks the Court to terminate the stay under
Rule 6004(h) of the Federal Rule of Bankruptcy Procedure.

The Purchaser:

          William O. Berry
          P.O. Box 448
          Uvalde, TX 78802

Charles Lucas sought Chapter 11 protection (Bankr. S.D. Tex. Case
No. 12-33600) on May 10, 2012.  On Feb. 6, 2017, John Patrick Lowe
was appointed as the Plan Trustee in the Chapter 11 case in which
the Court has confirmed a plan of reorganization.


COMBIMATRIX CORP: MMCAP Has 5.5% Stake as of Aug. 7
---------------------------------------------------
MMCAP International Inc. SPC and MM Asset Management Inc. disclosed
in a Schedule 13G filed with the Securities and Exchange Commission
that as of Aug. 7, 2017, they beneficially own 161,469 common
shares of Combimatrix Corporation representing 5.5322% of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/z7ktKx

                  About CombiMatrix Corporation

CombiMatrix Corporation -- http://www.CombiMatrix.com/-- provides
best-in-class molecular diagnostic solutions and comprehensive
clinical support to foster the highest quality in patient care.
CombiMatrix specializes in pre-implantation genetic diagnostics and
screening, prenatal diagnosis, miscarriage analysis and pediatric
developmental disorders, offering DNA-based testing for the
detection of genetic abnormalities beyond what can be identified
through traditional methodologies.  Its testing focuses on advanced
technologies, including single nucleotide polymorphism chromosomal
microarray analysis, next-generation sequencing, fluorescent in
situ hybridization and high resolution karyotyping.  

CombiMatrix reported a net loss attributable to common stockholders
of $5.78 million on $12.86 million of total revenues for the year
ended Dec. 31, 2016, compared to a net loss attributable to common
stockholders of $7.65 million on $10.08 million of total revenues
for the year ended Dec. 31, 2015.

As of June 30, 2017, Combimatrix had $8.11 million in total assets,
$2.16 million in total liabilities and $5.95 million in total
stockholders' equity.


COMPASS ITECH: Chapter 727 Claims Bar Date Set for Dec. 11
----------------------------------------------------------
Compass iTech, LLC and Compass Institutional Marketing, LLC, filed
on August 11, 2017, a petition commencing an Assignment for the
Benefit of Creditors proceeding pursuant to Chapter 727 of the
Florida Statutes.

Compass iTech, LLC and Compass Institutional Marketing, LLC, are
the Assignor.  Phil Von Kahle is the Assignee, and whose office is
located at 1883 Marina Mile Blvd., Suite 106, Fort Lauderdale, FL
33315.

Compass iTech, LLC and Compass Institutional Marketing, LLC, have
their principal place of business at 6501 Congress Ave., Suite 100,
Boca Raton, FL 33487.

In order to receive a dividend, if any, in this proceeding,
interested parties must file on or before, December 11, 2017, a
Proof of Claim with the Assignee:

     Phil Von Kahle
     c/o Michael Moecker & Associates, Inc.
     1883 Marina Mile Blvd., Suite 106
     Fort Lauderdale, FL 33315

The case is, IN RE: COMPASS iTECH, LLC, a foreign limited liability
company, COMPASS INSTITUTIONAL MARKETING, LLC, a Florida limited
liability company, Assignor, To: PHILIP J. VON KAHLE, Assignee,
Case Nos. 50-2017-CA-009046-XXXX-MB, 50-2017-CA-009050-XXXX-MB, IN
THE CIRCUIT COURT OF THE 15TH JUDICIAL CIRCUIT IN AND FOR PALM
BEACH COUNTY, FLORIDA.


CONSOLIDATED COMMUNICATIONS: Egan-Jones Cuts Unsec. Ratings to B-
-----------------------------------------------------------------
Egan-Jones Ratings Company, on June 19, 2017, lowered the local
currency and foreign currency senior unsecured ratings on debt
issued by Consolidated Communications Holdings Inc to B- from B.

Consolidated Communications Holdings, Inc. is a holding company
with operating subsidiaries that provide integrated communications
services in consumer, commercial and carrier channels in
California, Illinois, Iowa, Kansas, Minnesota, Missouri, North
Dakota, Pennsylvania, South Dakota, Texas and Wisconsin.


COUNTRYWIDE INSURANCE: A.M. Best Revises Outlook to Negative
------------------------------------------------------------
A.M. Best has revised the outlooks to negative from stable and
affirmed the Financial Strength Rating of C+ (Marginal) and the
Long-Term Issuer Credit Rating of "b-" of Country-Wide Insurance
Company (Country-Wide) (New York, NY).

The revised outlooks are due to the company's continued decline in
risk-adjusted capitalization as a result of reserve strengthening
efforts. Country-Wide's most recent drop in surplus was driven by a
considerable increase to all accident year reserves in an effort to
eliminate its on-going adverse reserve development trends. In
addition, Country-Wide's underwriting and loss reserve leverage
measures are well in excess of the private passenger non-standard
automobile composite.

Partially offsetting these negative rating factors is the company's
substantial other income, which in some years, combined with net
investment income, is able to offset underwriting losses and allows
the company to maintain competitive rates. Country-Wide does have a
long-standing presence in its operating territory with a diverse
employee force speaking 22 languages and has utilized forms in five
different languages. Additionally, the company is heavily invested
in technology, which streamlines underwriting and claims processes,
and helps to mitigate fraud.


COWEN INC: Egan-Jones Raises Sr Unsecured Rating to BB+
-------------------------------------------------------
Egan-Jones Ratings Company, on June 19, 2017, raised the local
currency and foreign currency senior unsecured ratings on debt
issued by Cowen Inc to BB+ from BB.  

Cowen Inc. offers financial services. The Company provides
investment management, equity, research, electronic trading, asset
management, investment banking, and other services for
transportation, health care, e-commerce, energy, media, technology,
and other sectors.


CRYOPORT INC: Continues to Register 1.6 Million Common Shares
-------------------------------------------------------------
Cryoport, Inc. previously filed with the U.S. Securities and
Exchange Commission a Registration Statement on Form S-1 (File No.
333-203006), which was initially filed on March 25, 2015, and
became effective on July 23, 2015.  The Registration Statement was
previously amended pursuant to Post-Effective Amendment No. 1 to
the Registration Statement, which was filed as a combined
prospectus with the Registration Statement on Form S-1 (File No.
333-212364) initially filed on June 30, 2016, and became effective
on Aug. 10, 2016.

On Aug. 23, 2017, the Company filed a Post-Effective Amendment No.
2 to Form S-1 on Form S-3 to (i) convert the Registration Statement
on Form S-1 to Form S-3 and (ii) maintain the registration of
1,640,401 shares of the Company's common stock issuable upon the
exercise of the remaining outstanding warrants originally
registered pursuant to the Registration Statement.  
No additional securities are being registered under this
Post-Effective Amendment No. 2.

The Company's common stock and the Registered Warrants are
currently traded on the NASDAQ Capital Market under the symbols
"CYRX" and "CYRXW", respectively.  As of Aug. 18, 2017, the closing
sale price of its common stock was $7.75 per share and the closing
price of the Registered Warrants was $4.14 per warrant.

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

                       https://is.gd/ouy5jY

                          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.  For the nine months ended Dec. 31, 2016, Cryoport
reported a net loss of $10.40 million.

As of June 30, 2017, Cryoport had $17.19 million in total assets,
$2.16 million in total liabilities and $15.02 million in total
stockholders' equity.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" opinion on the consolidated financial statements
for the year ended Dec. 31, 2016, citing that the Company has
experienced 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 $4.5 million at Dec.
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 calendar year 2017.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


CRYSTAL WATERFALLS: Court Has No Jurisdiction on State Law Claims
-----------------------------------------------------------------
Judge Ernest M. Robles of the U.S. Bankruptcy Court for the Central
District of California, Los Angeles Division, declines to exercise
supplemental jurisdiction over the first through tenth claims in
the Counterclaim of HCL 2011, LLC, and dismisses these claims
because they are not compulsory claims in relation to the Chapter
11 case of Crystal Waterfalls, LLC, dba Park Inn by Radisson.

On July 11, 2017, the Court has issued an order requiring
Counterclaimant HCL to submit further briefing showing cause why
the Court should not decline to exercise supplemental jurisdiction
over certain of the claims asserted in the Counterclaim. In
response to the Order to Show Cause, HCL argues that its state law
claims arise from the same transaction or occurrence as the claim
over which the Court has original jurisdiction.

This litigation concerns commercial property located at 1211 East
Garvey Street, Covina, California, which Crystal Waterfalls, LLC
operated as a Park Inn by Radisson Hotel. On December 2, 2016, the
Court approved the sale of the Hotel to Ganyu Huang and LVGEM
Investment, LLC for $22.6 million. On January 24, 2017, the sale
closed.

On November 22, 2015, Lucy Gao, as managing member of the Debtor,
and Mr. Benjamin Kirk, as managing member of Washe, LLC, executed a
stipulation under which Washe agreed that the Grant Deed was void
and of no force or effect, and that title to the Hotel would revest
in the name of Crystal Waterfalls, LLC. However, no stipulation was
executed with respect to the Deed of Trust. The Court approved the
Stipulation invalidating the Grant Deed on November 30, 2015.

On its Second Amended Complaint against HCL, the Debtor alleges
that HCL, acting through Benjamin Kirk, recorded an unauthorized
grant deed transferring the Hotel to Washe. The Debtor also alleges
that Washe, acting through Shelby Ho, then recorded an unauthorized
"Deed of Trust" against the Hotel and in favor of HCL, which
purported to secure a $28.5 loan from HCL to Washe.

The Debtor further alleges that neither the Debtor nor Washe: (1)
ever entered into a loan agreement with HCL, (2) ever received any
funds from HCL, or (3) ever received any benefit from recordation
of the Deed of Trust. As such, the Debtor seeks to set aside the
Deed of Trust and seeks a declaration that HCL has no interest in
the Hotel.

The Court finds that the State Court Action involves all the
counter-defendants who are involved in this action, and is being
prosecuted by Sophia Huang, one of the Lee Investors. The State
Court Action asserts many of the same claims for relief that are
asserted in HCL's Counterclaim.

The Court finds that the issues raised in the HCL's Second Amended
Counterclaim have only limited relevance to the Chapter 11 petition
of Crystal Waterfalls, LLC. The Counterclaim asserts ten pendent
claims: (1) Breach of written contract against Mr. Kirk and Ms.
Gao; (2) Breach of oral contract against Mr. Kirk and Ms. Ho; (3)
Breach of the implied covenant of good faith and fair dealing
against Mr. Kirk, Ms. Gao, and Ms. Ho; (4) Intentional
misrepresentation against Crystal, Mr. Kirk, Ms. Gao, and Ms. Ho;
(5) Negligent misrepresentation against Crystal, Mr. Kirk, Ms. Gao,
and Ms. Ho; (6) Conversion against Crystal, Mr. Kirk, Ms. Gao, and
Ms. Ho; (7) Breach of fiduciary duty against Mr. Kirk, Ms. Gao, and
Ms. Ho; (8) Fraudulent concealment against Ms. Ho; (9) Negligence
against Crystal, Mr. Kirk, Ms. Gao, and Ms. Ho; and (10)
Quasi-contractual relief for constructive trust against Crystal,
Mr. Kirk, Ms. Gao, and Ms. Ho.

The Court points out that the Counterclaim is relevant to the
Debtor's bankruptcy only to the extent that it alleges that HCL
holds a valid security interest against the sale proceeds of
property located at 1211 East Garvey Street, Covina, California
(the Hotel), and to the extent that it seeks a declaration that the
Debtor holds the sale proceeds of the Hotel in constructive trust
for the benefit of HCL and the Lee Investors.

As such, the Court maintains that it has original jurisdiction only
over the Counterclaim's eleventh claim seeking declaratory relief
as to the validity of the lien encumbering the Hotel. In terms of
the scope of the issues raised, the ten pendent claims -- which
raise a plenitude of state law issues -- clearly predominate over
the legal issues raised in the eleventh claim for declaratory
relief.

The adversary proceeding is Crystal Waterfalls, LLC, Plaintiff, v.
HCL 2011, LLC, Defendant, HCL 2011, LLC, Counter-Claimant, v.
Crystal Waterfalls, LLC, Lucy Gao, Shelby Ho, and Benjamin Kirk,
Counter-Defendants, Crystal Waterfalls, LLC, Cross-Claimant, v.
Shelby Ho and Benjamin Kirk, Cross-Defendants, Adv. No.
2:15-ap-01671-ER, (Bankr. C.D. Cal.).

A full-text copy of the Memorandum of Decision dated August 14,
2017, is available at https://is.gd/RxOjES from Leagle.com.

Counter-Claimant HCL 2011, LLC is represented by:

          James S. Yan, Esq.
          Law Offices of James Yan
          980 S. Arroyo Pky., Ste. 250
          Pasadena, CA 91105-3274
          Phones: (626) 405-0872
          Fax: (626) 405-0970

Counter-Defendant Shelby Ho is represented by:

          Gregory K. Jones, Esq.
          Dykema Gossett LLP
          333 South Grand Avenue, Suite 2100
          Los Angeles, CA 90071
          Telephone: 213-457-1841
          Email: gjones@dykema.com

                  About Crystal Waterfalls

Crystal Waterfalls LLC owns real property in Covina, California, on
which it currently operates a hotel known as the Park Inn by
Radisson.  Situated in the heart of Southern California, the Hotel
is just east of downtown Los Angeles at the base of the San Gabriel
Mountains, and a short distance from West Covina, San Dimas,
Irwindale, City of Industry, Pomona, and Ontario, and many major
attractions (such as amusement parks, the Pomona Fairplex, and
Irwindale Speedway).  The Hotel includes 258 rooms (50 of which
require certain forms of rehabilitation and currently are not in
use), and has a fitness center, an outdoor heated swimming pool and
whirlpool, and 9,000 square feet of meeting space.

Facing an imminent foreclosure sale by its senior lender, Crystal
Waterfalls LLC filed a Chapter 11 petition (Bankr. C.D. Cal. Case
No. 15-27769) in Los Angeles, California, on Nov. 19, 2015.  Judge
Ernest M. Robles presides over the case.  The petition was signed
by Lucy Gao, managing member.

Crystal Waterfalls currently has two members: (1) Lucy Gao, who
serves as the Debtor's managing member; and (2) Golden Bay
Investments LLC, a California limited liability company ("Golden
Bay").  Ms. Gao is the sole and managing member of Golden Bay.

The Debtor disclosed $52.5 million in assets and $71.4 million in
liabilities in its schedules.  The schedules say that the Covina,
California hotel property is worth $52 million.

The Debtor is represented by Ian Landsberg, Esq., at Excoff
Landsberg LLP.

The U.S. Trustee has filed a motion seeking to convert Crystal
Waterfalls' bankruptcy case to a Chapter 7 case, or to dismiss the
case.


CST INDUSTRIES: Court Sets Sept. 22 Claims Bar Date
---------------------------------------------------
In the Chapter 11 cases of CST Industries Holdings Inc., CST
Industries, Inc., and CST Power & Construction, Inc., the U.S.
Bankruptcy Court for the District of Illinois established:

     -- Sept. 22, 2017, as the deadline for interested parties to
file proofs of claim; and

     -- Dec. 6, 2017, as the deadlne for government entities to
file proofs of claim.

If the proofs of claim are sent via First Class mail, send to:

        CST Industries Holdings Inc.
        Claims Processing Center
        c/o Epiq Bankruptcy Solutions, LLC
        P. O. Box 4419
        Beaverton, OR 97076-4419

If the proofs of claim are delivered via Hand Delivery or Overnight
Courier, send to:

        CST Industries Holdings Inc.
        Claims Processing Center
        c/o Epiq Bankruptcy Solutions, LLC,10300
        SW Allen Boulevard, Beaverton, OR 97005

If the proofs of claim are delivered via Electronic Filing, by
accessing the E-filing Claims link at:

        http://dm.epiq11.com/CST

                About CST Industries Holdings Inc.

CST Industries, Inc. -- https://www.cstindustries.com/ -- is a
global manufacturer of factory coated bolted steel storage tanks,
aluminum geodesic domes and specialty covers. The Company has five
manufacturing facilities and technical design centers and multiple
regional sales offices located throughout North America and the
United Kingdom. International offices are located in Argentina,
Australia, Brazil, India, Japan, Malaysia, Mexico, Myanmar, Panama,
Singapore, South Africa, Spain, United Kingdom, United Arab
Emirates and Vietnam.

CST Holdings, Inc., parent of CST Industries and CST Power &
Construction, Inc., is a privately held corporation that is
majority-owned by funds affiliated with The Sterling Group, a
Houston, Texas-based private equity firm which owns approximately
60% of CST Holdings' stock. The Sterling Group has held a majority
of CST Holdings' stock since 2006.

CST Industries Holdings Inc., CST Industries, Inc., and CST Power &
Construction, Inc. sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 17-11292) on June 9, 2017.  The petitions were signed
by Timothy J. Carpenter, chief executive officer.  CST estimated
assets of $50 million to $100 million and debt of $100 million to
$500 million.

Potter Anderson & Corroon LLP and Hughes Hubbard & Reed LLP are the
Debtors' co-general counsel.  Epiq Bankruptcy Solutions, LLC serves
as claims and noticing agent.  FTI Consulting Inc. serves as the
Debtors' financial advisor and investment banker.

On June 20, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee hired
Lowenstein Sandler LLP as counsel; Shaw Fishman Glantz & Towbin LLC
as co-counsel; and Teneo Restructuring and Teneo Capital LLC as
investment banker.


CTI BIOPHARMA: Matthew Plunkett Resigns as Chief Business Officer
-----------------------------------------------------------------
Matthew Plunkett resigned as executive vice president, chief
business officer of CTI BioPharma Corp. effective Aug. 22, 2017, as
disclosed in a regulatory filing with the Securities and Exchange
Commission.

In connection with his resignation, the Company entered into a
Separation and Release Agreement with Dr. Plunkett dated Aug. 22,
2017.  The Separation Agreement provides for Dr. Plunkett to
receive a cash severance payment of $265,000, to be paid in a lump
sum in January 2018, and payment of his COBRA premiums for up to
six months following his resignation.  Dr. Plunkett also entered
into an agreement with the Company to provide consulting services
for 12 months following his separation for a consulting fee of
$3,000 per month (plus $300 per hour for services in excess of ten
hours for a particular month).  Pursuant to the Separation
Agreement, Dr. Plunkett's stock option granted by the Company on
March 1, 2017, became fully vested and exercisable upon his
resignation date, and each of his outstanding and vested stock
options granted by the Company will generally remain exercisable
until the earlier of the date that is 18 months following his
resignation date or the expiration date of the option, subject to
earlier termination in connection with a change in control of the
Company.  His remaining outstanding and unvested equity awards
granted by the Company terminated on his resignation date.  The
Separation Agreement also includes a general release of claims by
Dr. Plunkett in favor of the Company.

                      About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- is a biopharmaceutical company
focused on the acquisition, development and commercialization of
novel targeted therapies covering a spectrum of blood-related
cancers that offer a unique benefit to patients and healthcare
providers.  The Company has a late-stage development pipeline,
including pacritinib for the treatment of patients with
myelofibrosis.  CTI BioPharma is headquartered in Seattle,
Washington.
                 
CTI Biopharma reported a net loss attributable to common
shareholders of $52 million for the year ended Dec. 31, 2016, a net
loss attributable to common shareholders of $122.6 million for the
year ended Dec. 31, 2015, and a net loss attributable to common
shareholders of $95.99 million.

As of June 30, 2017, CTI Biopharma had $86.33 million in total
assets, $47.41 million in total liabilities and $38.92 million in
total shareholders' equity.


CYPRESS SEMICONDUCTOR: S&P Alters Outlook to Stable & Affirms CCR
-----------------------------------------------------------------
S&P Global Ratings revised the outlook to stable from negative on
the San Jose, Calif.-based Cypress Semiconductor Corp. corporate
credit rating and affirmed the rating at 'BB-'.

S&P said, "At the same time, we affirmed our 'BB' issue-level
rating on the company's senior secured term loan B and senior
secured revolving facility. The '2' recovery rating on the entire
senior secured debt indicates our expectation of substantial
(70%-90%; rounded estimate: 80%) recovery in the event of a payment
default.

"We also affirmed the 'B+' issue-level rating on the company's $150
million notes due 2020 and $287.5 million convertible notes due
2022. The '5' recovery rating on the notes indicates our
expectation for modest (10% to 30%; rounded estimate: 15%) recovery
of principal in the event of a default.

"The outlook revision reflects S&P Global Ratings' adjusted
leverage in the high-3x area and our view that the company could
further de-lever to the low-3x area through EBITDA growth and some
debt repayment over the next 12 months. We expect Cypress to
generate discretionary cash flow (DCF; free cash flow less
dividends) of more than $150 million over the next 12 months and
continue to use its cash to repay debt. The ratings also reflect
our view of Cypress Semiconductor's diversified product portfolio,
exposure to multiple growth opportunities in automotive and
industrial end markets, and the successful integration of the IoT
business acquired from Broadcom, which is partly offset by the
long-term decline of its memory business.

"The stable outlook reflects our expectation that Cypress will
continue to benefit over the near term from strength in its
automotive and industrial business as well as its 2016 IoT
acquisition from Broadcom. The outlook also reflects our projection
that the company will continue to de-lever to the low 3x area over
the next 12 months, through debt repayment and EBITDA growth.

"We could lower the rating if broad-based weakness in the
industrial or automotive end markets affects the company's
operating performance, resulting in a reduction in the EBITDA base,
such that adjusted leverage surpasses the 4x area. Cypress' EBITDA
would need to drop by 20% from current levels for us to consider a
downgrade.

"We could consider a positive rating action if Cypress continues to
see strength in its microcontroller and wireless connectivity
business, resulting in strong top-line growth and improving EBITDA
margins such that leverage is sustained under the mid-2x area."


DANCING WATERS: Sahlin to Sell 50% Interest in Bellingham Property
------------------------------------------------------------------
Dancing Waters, LLC and Carl Roger Sahlin have filed with the U.S.
Bankruptcy Court for the Western District of Washington a motion to
sell Carl Roger Sahlin's undivided 50% interest in real property
commonly known as 20 Shorewood Drive, Bellingham, Washington, to
the Ershig Family Limited Partnership or A. Herbert Ershig and
Billee J. Ershig for $675,000, subject to overbid.

Because the Debtor's Chapter 11 Plan of Liquidation was confirmed
by Order of the Court dated April 11, 2017, and because the terms
of said Plan explicitly vest the property subject to the sale in
the Debtor, with directions that he sell said property for the
benefit of creditors without further involvement of the Court, the
proposed sale should be approved on shortened time.
Notwithstanding the foregoing, the Motion is brought at the behest
of the Purchasers.

Debtor Sahlin owns an undivided 50% interest in the Shorewood
Property.  The remaining undivided 50% interest is owned by
Bellingham Real Estate, LLC, an entity in which debtor Sahlin holds
no interest.

The Shorewood Property has been marketed for sale for over two
years by Lynda Hinton of Windermere Real Estate, with a list price
of $1,350,000.  To date, save for the pending sale describe, no
other purchase offers have materialized, let alone for the
$1,350,000 asking price.

As such, the sale proposed for a gross price of $675,000 represents
the highest and best offer for the Property.  Ms. Hinton's
employment as a professional tasked with sale of the Shorewood
Property was approved by Order of the Court dated June 22, 2015.

The proposed Purchasers of the Shorewood Property are unrelated to
Debtor Sahlin.  To date, all contingencies save that of Bankruptcy
Court approval, have either been satisfied or waived.  The proposed
sale is to be free and clear of all liens and encumbrances, with
any liens not paid by escrow upon closing to attach to the proceeds
of sale.

With the exception of unremarkable easements and covenants, the
Shorewood Property is encumbered by only one lien: a Deed of Trust
in favor of Copper Leaf, LLC by way of assignment from Heritage
Bank (as successor by merger to Whidbey Island Bank), encumbering
Debtor Sahlin's undivided 50% interest only, securing repayment of
a note and subsequent forbearance agreement with an express
provision requiring reconveyance upon payment to the holder of
$250,000.

In the present case, the co-owner of the Shorewood Property is a
party to the proposed Purchase and Sale Agreement, thereby evincing
its consent to the sale, and the only known lien (in favor of
Copper Leaf) will be paid in full upon closing.

The estimated liens and closing costs are expected to be paid at
closing are: (i) real estate commission (4.5% total for buyer and
seller agents) - $30,375; (ii)  estimated fees for escrow, title,
recording, and utility holdback (0.5% of purchase price) - $3,375;
(iii) 50% interest of co-owner - $320,625; (iv) payment to Copper
Leaf, LLC re: Deed of Trust encumbering the Debtor's undivided 50%
interest - $250,000; and (v) estimated US Trustee statutory fee
generated by sale/payment to Copper Leaf - $1,950.  The expected
net proceeds to the Debtor is $68,675.

The figures are estimates only, and subject to change based upon
final closing costs, timing of closing, etc.  Nevertheless, the
proposed sale will generate a meaningful return to the Debtor's
estate.  All net proceeds of sale to which Debtor Sahlin and his
bankruptcy estate are entitled will be held in escrow and/or IOLTA
account of the counsel for the other Debtors' estates which are
jointly administered in the proceeding, pending further Order of
the Court.

Finally, because the Debtor's Chapter 11 Plan of Liquidation has
been already been confirmed by Order of the Court, Debtor Sahlin
asks that any and all excise tax arising from the proposed sale be
waived pursuant.

Any party who wishes to submit a competing bid for the Court's
consideration should do so not later than the Aug. 25, 2017.

Counsel for Debtor Sahlin:

          William F. Malaier, Jr., Esq.
          OGDEN MURPHY WALLACE, P.L.L.C.
          901 Fifth Avenue, Suite 3500
          Seattle, WA 98164-2008
          Telephone: (206) 447-7000
          Facsimile: (206) 447-0215

                   About Dancing Waters, et al.

Dancing Waters, LLC, Governor's Point Development Company, Pleasant
Bay Properties & Associates, LP., Pleasant Road Partners LP, and
Carl Roger Sahlin sought Chapter 11 protection (Bankr. W.D. Wash.
Case No. 15-13216 to 15-13220) on May 22, 2015.  The cases are
jointly administered under Dancing Waters' Lead Case No. 15-13216.
The petition was signed by Roger Sahlin, as manager.

Dancing Waters, Governor's Point, and Pleasant Bay each estimated
assets and liabilities in the range of $1 million to $10 million.


William F. Malaier, Jr., Esq., at Ogden Murphy Wallace, P.L.L.C.,
serve as counsel to Mr. Sahlin.  James L. Day, Esq., at the Bush
Strout & Kornfeld LLP, is counsel to Dancing Waters, et al.


DENBURY RESOURCES: Egan-Jones Hikes Sr. Unsec. Debt Rating to CCC
-----------------------------------------------------------------
Egan-Jones Ratings Company, on June 19, 2017, raised the local
currency unsecured rating on debt issued by Denbury Resources Inc.
to CCC from CCC-.

Previously, on June 16, 2017, EJR lowered the Company's local
currency and foreign currency senior unsecured debt ratings CCC-
from CCC.

Denbury Resources Inc. is a petroleum and natural gas exploration
and production company headquartered in Plano, Texas.


DOLPHIN ENTERTAINMENT: Reports $1.55M Net Loss for Second Quarter
-----------------------------------------------------------------
Dolphin Entertainment, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.55 million on $7.83 million of total revenues for the three
months ended June 30, 2017, compared to a net loss of $7.70 million
on $7,750 of total revenues for the three months ended June 30,
2016.

For the six months ended June 30, 2017, the Company reported net
income of $3.40 million on $8.36 million of total revenues compared
to a net loss of $11.24 million on $25,185 of total revenues for
the same period a year ago.

As of June 30, 2017, Dolphin Entertainment had $35.54 million in
total assets, $38.56 million in total liabilities, and a total
stockholders' deficit of $3.02 million.

Cash flows provided by operating activities increased by
approximately $5.0 million from approximately $(2.3) million used
for operating activities during the six months ended June 30, 2016,
to approximately $2.7 million provided by operating activities
during the six months ended June 30, 2017.  This increase was
primarily due to (i) $2.1 million of production tax incentives
received (ii) approximately $2 million received from accounts
receivable related to Max Steel and (iii) cash flows provided by
42West.

Cash flows from investing activities increased by approximately
$1.2 million during the six months ended June 30, 2017, as compared
to the same period in prior years primarily due to restricted cash
that became available and was used to pay a portion of its debt.

Cash flows used for financing activities increased by approximately
$8.4 million during the six months ended June 30, 2017, from
approximately $4.8 million provided by financing activities during
the six months ended June 30, 2016, to approximately $3.5 million
used for financing activities during the six months ended June 30,
2017, mainly due to (i) approximately $5.8 million used to repay
the debt related to the production, distribution and marketing
loans for Max Steel, (ii) $0.7 million used to pay the Put Rights
exercised by the sellers of 42West and (iii) $0.5 million repaid to
our CEO for advances made to the Company for working capital.  In
addition, the Company raised a net of $1.3 million more through the
sale of its common stock during the six months ended June 30, 2016,
than through various financing activities during the six months
ended June 30, 2017.

As of June 30, 2017, and 2016, the Company had cash available for
working capital of approximately $1.0 million and approximately
$4.9 million, respectively, and a working capital deficit of
approximately $18.5 million and approximately $21.1 million,
respectively.

As previously discussed, in connection with the 42West Acquisition,
the Company may be required to purchase from the sellers up to an
aggregate of 2,374,187 of their shares of Common Stock at a price
equal to $4.61 per share during certain specified exercise periods
up until December 2020.  Of that amount the Company may be required
to purchase up to 455,531 shares in 2017, for an aggregate of up to
$3.1 million.  On April 14, 2017, and June 1, 2017, the sellers of
42West, exercised put options in the aggregate amount of 151,837
shares of Common Stock and were paid an aggregate total of $0.7
million.

These factors, along with an accumulated deficit of approximately
$96.4 million, raise substantial doubt about the Company's ability
to continue as a going concern.  

In addition, the Company has a substantial amount of debt.  The
Company does not currently have sufficient assets to repay such
debt in full when due, and its available cash flow may not be
adequate to maintain its current operations if the Company is
unable to repay, extend or refinance such indebtedness.  As of June
30, 2017, its total debt was approximately $20.6 million and its
total stockholders' deficit was approximately $2.9 million.  
Approximately $4.0 million of the total debt as of June 30, 2017,
represents the fair value of put options in connection with the
42West acquisition, which may or may not be exercised by the
sellers.  Although there is no recourse to the company other than
the copyright of its film, Max Steel, with respect to approximately
$12.9 million of its current indebtedness ($9.7 outstanding under
the prints and advertising loan agreement plus $3.2 million
outstanding under the production service agreement), the Company
will no longer receive any revenues from Max Steel if it loses the
copyright.

"If we are not able to generate sufficient cash to service our
current or future indebtedness, we will be forced to take actions
such as reducing or delaying digital or film productions, selling
assets, restructuring or refinancing our indebtedness or seeking
additional debt or equity capital or bankruptcy protection," the
Company stated in the report.  "We may not be able to effect any of
these remedies on satisfactory terms or at all and our indebtedness
may affect our ability to continue to operate as a going concern."

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

                   https://is.gd/EISqRb

                 About Dolphin Entertainment

Coral Gables, Florida-based Dolphin Entertainment, formerly Dolphin
Digital Media, Inc., is dedicated to the twin causes of online
safety for children and high quality digital entertainment.  By
creating and managing child-friendly social networking websites
utilizing state-of-the-art fingerprint identification technology,
Dolphin Digital Media has taken an industry-leading position with
respect to internet safety, as well as digital entertainment.

On March 7, 2016, Dolphin Digital, DDM Merger Sub, Inc., a Florida
corporation and a direct wholly-owned subsidiary of the Company,
Dolphin Entertainment and Dolphin Films completed their merger
contemplated by the Agreement and Plan of Merger, dated Oct. 14,
2015.  Pursuant to the terms of the Merger Agreement, Merger
Subsidiary merged with and into Dolphin Films with Dolphin Films
surviving the Merger.  As a result of the Merger, the Company
acquired Dolphin Films.  At the effective time of the Merger, each
share of Dolphin Films' common stock, par value $1.00 per share,
issued and outstanding, was converted into the right to receive the
consideration for the Merger.

Dolphin Digital reported a net loss of $37.19 million for the year
ended Dec. 31, 2016, following a net loss of $8.83 million for the
year ended Dec. 31, 2015.  

BDO USA, LLP, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016.
The Company, according to BDO USA, has suffered recurring losses
from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


EARNSHAW ASSOCIATES: Seeks to Hire CGI & Appoint CRO
----------------------------------------------------
Earnshaw Associates Limited seeks approval from the U.S. Bankruptcy
Court for the Southern District of Florida to hire Confidential
Global Investigations Inc. and appoint the firm's president as
chief restructuring officer.

CGI President Robert Seiden and his firm will provide management
services to the company and its wholly-owned subsidiary One57 79
Inc. in connection with their Chapter 11 cases.  These services
include managing, selling or liquidating the Debtor's assets and
pursuing their claims.

The firm requested a $25,000 retainer, of which $8,750 was paid by
Lightray Imaging Inc., owner of Lightray Capital LLC, which owns
100% of the equity interests in the Debtors.

The balance of the retainer in the amount of $16,250 will be paid
by Lightray Companies LLC, a Delaware company owned by Syed
Mohammed Ali Farooq who owns stake in corporate entities that
control the Debtors.     

Mr. Seiden disclosed in a court filing that he and his firm do not
represent any interest adverse to the Debtors or their estates.

CGI can be reached through:

     Robert W. Seiden
     Confidential Global Investigations Inc.
     1120 Avenue of the Americas, 4th Floor
     New York, NY 10036  
     Phone: 877-627-4534

               About Earnshaw Associates Limited

Petitioning creditor Campion Maverick Inc. filed Chapter 7
involuntary petitions for Earnshaw Associates Limited and its
wholly-owned subsidiary One57 79 Inc. on July 3, 2017.  The cases
were converted to Chapter 11 cases (Bankr. S.D. Fla. Case Nos.
17-18432 and 17-18433) by court order on August 2, 2017.

Judge Robert A. Mark presides over the cases.


EARNSHAW ASSOCIATES: Taps Lewis & Thomas as Legal Counsel
---------------------------------------------------------
Earnshaw Associates Limited received approval from the U.S.
Bankruptcy Court for the Southern District of Florida to hire Lewis
& Thomas LLP.

The firm will serve as legal counsel to Earnshaw Associates and its
wholly-owned subsidiary One57 79 Inc. in connection with their
Chapter 11 cases.  It will, among other things, advise the Debtors
regarding their duties under the Bankruptcy Code and represent them
in negotiation with creditors in the preparation of a bankruptcy
plan.

Lewis & Thomas received an initial payment of $8,750 on July 24 and
the balance of $8,000 on July 25 from Lightray Imaging Inc., owner
of Lightray Capital LLC, which owns 100% of the equity interests in
the Debtors.

Ronald Lewis, Esq., disclosed in a court filing that he and his
firm do not represent any interest adverse to the Debtors and their
estates.

The firm can be reached through:

     Ronald B. Lewis, Esq.
     Lewis & Thomas LLP
     165 E. Palmetto Park Road, Suite 200
     Boca Raton, FL 33432
     Phone: 561-368-7474
     Fax: 561-368-0293

               About Earnshaw Associates Limited

Petitioning creditor Campion Maverick Inc. filed Chapter 7
involuntary petitions for Earnshaw Associates Limited and its
wholly-owned subsidiary One57 79 Inc. on July 3, 2017.  The cases
were converted to Chapter 11 cases (Bankr. S.D. Fla. Case Nos.
17-18432 and 17-18433) by court order on August 2, 2017.

Judge Robert A. Mark presides over the cases.


EAST MAIN COMPLEX: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: East Main Complex, LLC
        183 East Main Street
        Fredonia, NY 14063

Type of Business: East Main Complex is a small business debtor
                      as defined in 11 U.S.C. Section 101(51D) and
                      is an operator of an apartment building.  
                      It owns in fee simple interest a real
                      property located at 183 East Main Street,
                      Fredonia, New York Chautauqua County
                      valued at $1.98 million.

Chapter 11 Petition Date: August 25, 2017

Case No.: 17-11789

Court: United States Bankruptcy Court
       Western District of New York (Buffalo)

Judge: Hon. Carl L. Bucki

Debtor's Counsel: Robert B. Gleichenhaus, Esq.
                  GLEICHENHAUS, MARCHESE & WEISHAAR, P.C.
                  930 Convention Tower
                  43 Court Street
                  Buffalo, NY 14202
                  Tel: (716) 845-6446
                  Fax: 716-845-6475
                  E-mail: RBG_GMF@hotmail.com

Total Assets: $2.06 million

Total Liabilities: $2.07 million

The petition was signed by Daniel P. Sturniolo, sole member.

The Debtor says it has no unsecured creditors.

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

        http://bankrupt.com/misc/nywb17-11789.pdf


ECOSPHERE TECHNOLOGIES: Incurs $1.26 Million Net Loss in Q2
-----------------------------------------------------------
Ecosphere Technologies, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q reporting a
net loss of $1.26 million on $15,179 of total revenues for the
three months ended June 30, 2017, compared to a net loss of $3.55
million on $46,449 of total revenues for the three months ended
June 30, 2016.

For the six months ended June 30, 2017, the Company reported a net
loss of $2.01 million on $1.33 million of total revenues compared
to a net loss of $5.52 million on $53,429 of total revenues for the
six months ended June 30, 2016.

As of June 30, 2017, Ecosphere had $1.84 million in total assets,
$16.11 million in total liabilities, $4.01 million in total
redeemable convertible cumulative preferred stock and a total
stockholders' deficit of $18.27 million.

Net cash used in operating activities was $1.6 million for the 2017
Period.  For the 2017 Period, cash used in operating activities of
$1.6 million resulted from the net loss applicable to Ecosphere
common stock of $2.1 million and was partially offset by a $0.9
million increase in accrued expenses, a $0.7 million decrease in
inventory resulting in the sale of growing equipment during the
2017 Quarter and $0.2 million in amortization of discounts on notes
payable.

Net cash used in investing activities was $0.1 million for the 2017
Period.  The Company had additions to property and equipment in
connection with the construction of the Company's Cannatech
Agriculture Center in Washington State of $0.2 million, which was
partially offset by a $0.1 million sale of the Company's Cavisonix
unit.

Net cash provided by financing activities was $1.7 million for the
2017 Period.  The Company received proceeds of approximately $0.6
million in connection with the issuance of a convertible note
payable, note payable and related party note payable.  In addition,
the Company received $1.2 million in proceeds from debt type
investment classified as an obligation secured by revenues in
connection with an investment in the Company's subsidiary,
Ecosphere Development Company, LLC, where the investor receives a
certain percentage interest in a future revenue stream.  The
proceeds were partially offset by repayments of related party notes
payable of $0.1 million.

As of Aug. 21, 2017, Ecosphere had cash on hand of approximately
$50,000.  Due to the nature of its technology licensing business
model, Ecosphere presently does not have any regularly recurring
revenue.  Management believes that these factors raise substantial
doubt about the Company's ability to continue as a going concern
for a period of twelve months from the issuance date of this
Report.

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

                    https://is.gd/NhHJpc

                About Ecosphere Technologies

Stuart, Florida-based Ecosphere Technologies (OTC BB: ESPH) --
http://www.ecospheretech.com/-- is a water engineering, technology
licensing and environmental services company that designs, develops
and manufactures wastewater treatment solutions for industrial
markets.  Ecosphere, through its majority-owned subsidiary
Ecosphere Energy Services, LLC, provides energy exploration
companies with an onsite, chemical free method to kill bacteria and
reduce scaling during fracturing and flowback operations.

Ecosphere reported a net loss of $7.97 million on $91,157 total
revenue for the year ended Dec. 31, 2016, compared with a net loss
of $23.06 million on $721,179 total revenue in 2015.

Salberg & Company, P.A., issued a "going concern" qualification on
the financial statements for the year ended Dec. 31, 2016.
Ecosphere reported a net loss of $7.973 million and $23.07 million
in 2016 and 2015, respectively, and cash used in operating
activities of $3.137 million and $1.762 million in 2016 and 2015,
respectively.  At Dec. 31, 2016, the Company had a working capital
deficiency, stockholders' deficit and accumulated deficit of $12.91
million, $15.95 million and $139.9 million, respectively.  These
matters raise substantial doubt about the Company's ability to
continue as a going concern.


EMBLEMHEALTH INC: A.M. Best Affirms C++ FSR on Subsidiaries
-----------------------------------------------------------
A.M. Best has removed from under review with negative implications
and affirmed the Financial Strength Rating (FSR) of C++ (Marginal)
and the Long-Term Issuer Credit Rating (Long-Term ICR) of "b+" of
Health Insurance Plan of Greater New York (HIP), HIP Insurance
Company of New York, Group Health Incorporated (GHI) and
ConnectiCare, Inc. (ConnectiCare) (Farmington, CT). All companies
are subsidiaries of EmblemHealth, Inc. and domiciled in New York,
NY, unless otherwise specified. The outlook assigned to the FSR is
stable, while the outlook assigned to the Long-Term ICR is
negative.

The ratings were placed under review with negative implications on
March 10, 2017, due to a sizeable decline in capital at the lead
operating company, HIP, and a significant decline in the group's
risk-adjusted capitalization through year-end 2016. As a result of
these events, HIP filed a capital plan with New York regulators.
The plan resulted in a significant decrease of HIP's statutory
reserve requirement for 2016 and projects the restoration of
capital within a three-year period.

Following a review of HIP's capital restoration plan, A.M. Best
remains concerned over the trend of financial losses and whether
the various corrective action plans will strengthen future
operating results. The negative outlooks reflect the continued
uncertainty regarding HIP's projected operating profitability and
capacity to materially improve the level of risk-adjusted
capitalization going forward.


EQUITABLE LIFE: A.M. Best Keeps B(fair) Financial Strength Rating
-----------------------------------------------------------------
A.M. Best has removed from under review with developing
implications and affirmed the Financial Strength Rating (FSR) of B
(Fair) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of
"bb+" of Equitable Life & Casualty Insurance Company (Equitable
Life) (Salt Lake City, UT). The outlook assigned these Credit
Ratings is positive.

The rating affirmations and positive outlook follow the acquisition
of Equitable Life by SILAC, LLC (SILAC) in April 2017. As a result
of the acquisition, a new executive management team leads
operations with a fresh strategic business plan. Concurrent with
the acquisition, SILAC contributed Sterling Investors Life
Insurance Company to Equitable Life as a wholly-owned subsidiary.
In addition, SILAC has committed to financial and operational
support of Equitable Life and to no debt or debt service being
incurred on the part of Equitable Life. The business initiatives
include maintaining the Equitable name and location in Utah,
upgrading systems and platforms to improve efficiency and capacity,
introducing modern and higher profit margin products, actively
managing the risk and exposure of the long-term care block of
business and strategically reallocating the investment portfolio.
However, there may be challenges executing these initiatives.

Equitable Life will continue to face the challenges of managing a
large closed block of long-term care business, high reinsurance
leverage and a current dependence on the Medicare supplement
product line.


EXCO RESOURCES: Egan-Jones Lowers FC Unsec. Rating to C
-------------------------------------------------------
Egan-Jones Ratings Company, on Aug. 25, 2017, lowered the foreign
currency senior unsecured rating on debt issued by EXCO Resources
Inc. to C from CC.

Previously, on June 20, 2017, EJR lowered the Company's local
currency senior unsecured rating to C from CC.  On June 19, 2017,
EJR raised the Company's local currency and foreign currency senior
unsecured debt ratings to CC from C.

EXCO Resources, Inc., is a Dallas-based oil and natural gas company
engaged in the exploration, acquisition, development and production
of onshore U.S. oil and natural gas properties with a focus on
shale resource plays.


EXGEN TEXAS: S&P Affirms 'CCC-' Sr. Sec. Rating, Outlook Negative
-----------------------------------------------------------------
S&P Global Ratings said it affirmed its 'CCC-' senior secured
rating on ExGen Texas Power LLC. The outlook is negative. The
recovery rating of '3' on the term loan B is unchanged, reflecting
S&P's expectation of meaningful (50%-70%; rounded estimate: 60%,
revised from 65%) recovery in the event of default.

S&P said, "The 'CCC-' rating stems from our expectation that the
issuer will likely face liquidity shortfalls during the second half
of 2017 or could consummate restructuring activities that, in our
opinion, are very likely to be distressed, considering current
trading levels. The creditors are currently attempting to sell the
assets, and we expect that, if successful, the valuations would be
insufficient to cover debt outstanding. Any of these outcomes would
constitute, under our criteria, an event of default. Even if this
does not occur in the next six months, we believe that some sort of
event of default is highly likely during the term loan's life.
Under our criteria, a distressed sale or other form of distressed
exchange would constitute an event of default.

"The negative outlook on ExGen reflects our expectations of a
near-term liquidity shortfall or a restructuring.

"We would likely downgrade ExGen to 'CC' or even 'D' if and when
the project announces terms of restructuring or a distressed sale,
or if a liquidity shortfall resulting in nonrepayment of debt
precedes that.

"A revision to a stable outlook or a higher rating is unlikely, but
could occur if equity were to be infused by the sponsor or if Texas
power prices increased dramatically during the next few months,
both of which are not our expected base-case."


FAH INVESTMENTS: Rhode Island Court Appoints Receiver
-----------------------------------------------------
The Superior Court in Providence, Rhode Island, appointed Giovanni
La Terra Bellina of Providence, as Temporary Receiver of FAH
Investments, LLC, and Transitional Housing Services, LLC.

FAH Investments and Transitional Housing Services are respondents
in the case, JOHN DUFFY AND CYNTHIA ANN DUFFY, Petitioners vs. FAH
INVESTMENTS , LLC; TRANSITIONAL HOUSING SERVICES, LLC; 48 DOVER
STREET, PROVIDENCE ; 27 ABERDEEN STREET, WEST WARWICK; AND 72
MINERAL SPRING AVENUE, PAWTUCKET; 60 EAST MAIN STREET, WEST
WARWICK; 1 124 MAIN STREET, COVENTRY; 63 ROBERTS STREET, WEST
WARWICK Respondent, STATE OF RHODE ISLAND PROVIDENCE, SC SUPERIOR
COURT C.A. No.: PC-201 7-3401.

The Receiver is required to file a bond in the sum of $10,000 with
any surety company authorized to do business in the State of Rhode
Island as surety thereon, conditioned that the Receiver will well
and truly perform the duties of the office and duly account for all
monies and property which may come into the Receiver's hands and
abide by and perform all things which the Receiver will be directed
to do by the Court.

The Receiver is authorized to take possession and charge of the
Respondents and/or Property and assets of the Respondents, to
collect the debts and Property belonging to it and to preserve the
same until further Court order.  

The Temporary Receiver is authorized and directed to take the steps
necessary in the Receiver's discretion to access the above-listed
Respondents and/or Property.

The Receiver is authorized until further Court Order, to conduct
the business of said Respondents, to borrow money from time to
time, to purchase for cash or upon credit. merchandise, materials
and other property, to engage appraisers and/or employees and
assistants, clerical or otherwise, and to do and perform or cause
to be done and performed all other acts and things as are
appropriate in the premises.

The Providence County Superior Court will hold a hearing on Aug.
29, 2017 at 9:30 a.m., to consider the appointment of a Permanent
Receiver.


FINJAN HOLDINGS: Will Present at Annual Liolios Gateway Sept. 6
---------------------------------------------------------------
Finjan Holdings, Inc., has been invited to present at the 2017
Gateway Conference, which is being held on Sept. 6 to 7, 2017, at
the Four Seasons Hotel San Francisco.

Phil Hartstein, Finjan's CEO and Michael Noonan, CFO are scheduled
to present on Wednesday, Sept. 6, at 2:30 p.m. PT, and will be
hosting one-on-one meetings on that day.

The presentation will be webcast live and available for replay in
the Investor Relations section of Finjan's website at
https://ir.finjan.com/ir-calendar or on the Gateway Conference
website at http://www.gateway-conference.com/presenters

To receive additional information, request an invitation or to
schedule a one-on-one meeting, please email gateway@liolios.com.

                 About the Gateway Conference

The 6th Annual Gateway Conference is an invite-only conference
presented by Liolios, which brings together the most compelling
companies with the nation's top institutional investors and
analysts.  This year's event features more than 100 companies from
a number of growth industries, including technology, business and
financial services, consumer, digital media, clean technology and
life sciences.  The format has been designed to give attendees
direct access to senior management via company presentations, Q&A
sessions and one-on-one meetings.  For more information, visit
http://www.gateway-conference.com/or http://www.liolios.com/

                         About Finjan

Established nearly 20 years ago, Finjan -- http://www.finjan.com/
-- claims to be a globally recognized leader in cybersecurity.
Finjan's inventions are embedded within a strong portfolio of
patents focusing on software and hardware technologies capable of
proactively detecting previously unknown and emerging threats on a
real-time, behavior-based basis.  Finjan continues to grow through
investments in innovation, strategic acquisitions, and partnerships
promoting economic advancement and job creation.

Finjan reported a net loss attributable to common stockholders of
$6.43 million for the year ended Dec. 31, 2016, a net loss
attributable to common stockholders of $12.60 million for the year
ended Dec. 31, 2015, and a net loss of $10.47 million for the year
ended Dec. 31, 2014.  

As of March 31, 2017, Finjan had $29.85 million in total assets,
$6.54 million in total liabilities, $6.26 million in series A
preferred stock, and $17.04 million in total stockholders' equity.

As of June 30, 2017, Finjan had $43.42 million in total assets,
$7.64 million in total liabilities, $18 million in Series A-1
preferred stock and $17.77 million in total stockholders' equity.


FIRST CHICAGO: A.M. Best Alters Outlook to Pos. & Affirms FSR
-------------------------------------------------------------
A.M. Best has revised the outlook to positive from stable for the
Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the
Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term
ICR of "b" of First Chicago Insurance Company (FCIC) (Bedford Park,
IL). The outlook of the FSR is stable.

Concurrently, A.M. Best has affirmed the FSR of C- (Weak) and the
Long-Term ICR of "cc" of United Security Health and Casualty
Company (USH&C) (Bedford Park, IL), a wholly owned subsidiary of
FCIC. The outlook of these Credit Ratings (ratings) is stable. FCIC
and USH&C are collectively known as the First Chicago Insurance
Group.

The Long-Term ICR outlook revision to positive on FCIC's ratings
reflects the company's positive operating results in recent years.

The rating affirmations are based on the consolidated financial
results of the two companies, and reflect the group's elevated
underwriting leverage measures and its significant expense
disadvantage relative to its composite peers. Furthermore, the
significant premium growth in recent years and the addition of the
workers' compensation line of business in 2013 have placed
additional uncertainty and potential stress on the company's
risk-adjusted capital position. Lastly, the group's geographic
concentration makes it susceptible to adverse judicial decisions,
regulatory and legislative changes, and increased competitive
pressures in the non-standard automobile and commercial auto
liability lines of business.

Partially offsetting these negative rating factors are the group's
modestly improved risk-adjusted capitalization, positive operating
performance in recent years and long-standing local market presence
in Illinois and several other Midwestern states. Management's
corrective actions of tightening underwriting guidelines, rate
increases, increased product offerings, and adequate reserving
practices have gained traction and materialized favorably. As a
result, pre-tax and total returns on revenue and equity have been
favorable. In addition, pre-tax operating and net income, along
with additions to surplus have been reported in four of the past
five years.


FIRSTLIGHT HYDRO: S&P Raises CCR to 'B+', Outlook Stable
--------------------------------------------------------
S&P Global Ratings said it raised its corporate credit rating on
FirstLight Hydro Generating to 'B+' from 'B'. S&P said, "We also
raised our issue-level rating on the company's senior secured notes
to 'BB' from 'BB-'. The recovery rating is unchanged at '1',
indicating our expectation for very high (90%-100%; rounded
estimate 95%) recovery in a default scenario. The outlook is
stable."

S&P said, "The upgrade stems from an improved financial risk
profile and our expectations for improved capacity and energy
revenues. The assets continue to perform well operationally, and we
expect high availability factors over our forecast period.

"The stable outlook reflects our view that financial performance
under the intercompany power purchase agreement with FirstLight
Hydro Resources will be stable and that operational performance
will also be strong. We anticipate the company will have debt to
EBITDA below 3x during this time.

"We could consider a negative rating action if market conditions
deteriorate to the point where the company's liquidity becomes
weak, meaning there could be doubts regarding the company's ability
to service debt over the next 12 to 24 months. Leverage exceeding
3.25x would also contribute to lower ratings.

"Although unlikely, we could consider an upgrade if market
conditions materially improve, leading to an expectation that debt
to EBITDA remains below 2x consistently. Also, although not
currently contemplated, any assignment of group status as defined
by our group rating methodology to the Public Service Pension
Investment Board, could contribute to higher ratings. An upgrade
would likely require higher than expected cleared future capacity
prices in ISO-NE and lower hydrological volatility."


FLO'S LLC: Taps William C. Schuster as Accountant
-------------------------------------------------
Flo's LLC received approval from the U.S. Bankruptcy Court for the
District of Arizona to hire William C. Schuster P.C. as
accountant.

The firm will, among other things, prepare financial statements and
tax returns of the company and its affiliates, and provide advice
regarding general management and daily business activity.

Schuster will charge an hourly fee of $100 for its services.

The firm does not represent any interest adverse to the Debtors or
their estates, according to court filings.

Schuster can be reached through:

     William C. Schuster
     William C. Schuster P.C.
     7375 E. Stetson Drive, Suite 106
     Scottsdale, AZ 85251-3414
     Phone: (480) 423-1610

                         About Flo's LLC

Flo's LLC, Flo's Second LLC and Flo's Restaurants Inc. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz.
Lead Case No. 17-09181) on August 8, 2017.  Dustin W. Wallace,
manager, signed the petitions.  

At the time of the filing, the Debtors disclosed that they had
estimated assets of less than $50,000 and liabilities of $1 million
to $10 million.

Allen Barnes & Jones, PLC represents the Debtor as bankruptcy
counsel.


FOSSIL GROUP: Egan-Jones Cuts Sr. Unsecured Rating to BB
--------------------------------------------------------
Egan-Jones Ratings Company, on June 19, 2017, lowered the local
currency senior unsecured ratings on debt issued by Fossil Group
Inc to BB from BB+.

Headquartered in Richardson, Texas, Fossil Group, Inc. is a global
design, marketing and distribution company that specializes in
consumer lifestyle and fashion accessories. Principal offerings
include an extensive line of men's and women's fashion watches and
jewelry sold under a diverse portfolio of proprietary and licensed
brands, handbags, small leather goods, accessories and clothing.
Revenues exceed $3.0 billion.


FTE NETWORKS: Hikes 2nd Quarter Revenue to $50.7 Million
--------------------------------------------------------
FTE Networks, Inc., announced its financial results for the period
ended June 30, 2017.  The Company has filed its quarterly report on
Form 10-Q with the Securities and Exchange Commission.

2nd Quarter Highlights:

    * Closed Acquisition of Benchmark Builders, Inc.
       
    * $50.7 million in Revenues
       
    * $8.3 million in Gross Profit
       
    * $2.3 million in Adjusted Operating Income
       
    * $12 million in Shareholder Equity
       
    * Combined Backlog of approximately $347M

                Three Months Ended June 30, 2017

FTE reported $50.7 million in consolidated revenues for the three
months ended June 30, 2017, compared to $3.2 million reported for
the same period in 2016.  The Company reported a gross profit of
$8.3 million, and a gross margin of 16 percent, compared to $1.2
million and 39 percent for the same period in 2016.  The Company
recorded an operating loss of ($2.3 million) and a net loss of
($5.1) or ($0.04) per share for the three months ended June 30,
2017, compared to an operating loss of ($435,000) and a net loss of
($1.1 million) or ($0.02) for the same period in 2016.  Adjusted
operating income for the three-months ended June 30, 2017, was $2.3
million which takes into account a total of $4.6 million in one
time cash and non-cash costs relating to the Benchmark acquisition.
Benchmark generated revenue of $43.1 million for the period April
21, 2017, through June 30, 2017.

Benchmark is a leading construction management company.  The
acquisition of Benchmark, when combined with other existing FTE
network services, results in a new technology, network, and
infrastructure solutions platform previously unavailable to the
market.  FTE now provides end-to-end design, build and support
solutions for state-of-the-art networks and commercial properties
to create the most transformative smart platforms and buildings.

"Our record revenue and gross profit is largely attributable to the
successful integration of our transformational acquisition of
Benchmark," stated Mr. Michael Palleschi, chief executive officer
and president of FTE.  "Management is extremely pleased with our
current growth trajectory as we leverage our three distinct and
complimentary lines of business.  We are ecstatic with the positive
momentum that we have built since closing the Benchmark
transaction.  The current market offers a large value proposition
for us, as we continue to integrate Benchmark and enhance our
consolidated service offerings.  Together with our network and
infrastructure services, our first-in-kind multi-edge computing
solution, stellar service offerings, and Benchmark's pedigree, we
expect to deliver continued gains as we execute on our proven
business strategy."

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

                       https://is.gd/zyOHue

                     About FTE Networks, Inc.

FTE Networks, Inc. (FTNW), formerly known as Beacon Enterprise
Solutions Group, Inc. -- http://www.ftenet.com/-- is a provider of
innovative technology-oriented solutions for smart platforms,
network infrastructure and buildings.  FTE's three complementary
businesses are FTE Networks Services (network infrastructure
solutions); CrossLayer, Inc. (managed network services with a
first-of-its-kind advanced network and cloud platform); and
Benchmark Builders, Inc. (construction management), which provides
end-to-end design, build and support solutions for state-of-the-art
networks and commercial properties to create the most
transformative smart platforms and buildings.  FTE's businesses are
predicated on smart design and consistent standards that reduce
deployment costs and accelerate delivery of innovative projects and
services.  The company works with Fortune 100/500 companies,
including some of the world's leading communications services
providers.  With more than 200 employees, FTE and its entities have
operations in 17 states.

Beacon Enterprise closed its merger with Focus Venture Partners,
Inc., on June 19, 2013, with Focus continuing as the surviving
corporation.  Beacon Enterprise officially changed its corporate
name to FTE Networks in April 2014.

FTE Networks reported a net loss attributable to common
shareholders of $6.31 million on $12.26 million of revenues for the
year ended Dec. 31, 2016, compared to a net loss attributable to
common shareholders of $3.63 million on $14.38 million of revenues
for the year ended Sept. 30, 2015.


FTE NETWORKS: Incurs $5.09 Million Net Loss in Second Quarter
-------------------------------------------------------------
FTE Networks, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $5.09 million on $50.69 million of revenues for the three months
ended June 30, 2017, compared to a net loss of $1.05 million on
$3.16 million of revenues for the three months ended June 30,
2016.

For the six months ended June 30, 2017, the Company reported a net
loss of $9.06 million on $55.78 million of revenues compared to a
net loss of $2.15 million on $5.25 million of revenues for the same
period during the prior year.

The Company reported a gross profit of $8.3 million, and a gross
margin of 16 percent, compared to $1.2 million and 39 percent for
the same period in 2016.  The Company recorded an operating loss of
($2.3 million) and a net loss of ($5.1) or ($0.04) per share for
the three months ended June 30, 2017, compared to an operating loss
of ($435,000) and a net loss of ($1.1 million) or ($0.02) for the
same period in 2016.  Adjusted operating income for the
three-months ended June 30, 2017, was $2.3 million which takes into
account a total of $4.6M in one time cash and non-cash costs
relating to the Benchmark acquisition. Benchmark generated revenue
of $43.1M for the period April 21, 2017, through June 30, 2017.

As of June 30, 2017, FTE Networks had $139.04 million in total
assets, $126.46 million in total liabilities and $12.57 million in
total stockholders' equity.

"Our record revenue and gross profit is largely attributable to the
successful integration of our transformational acquisition of
Benchmark," stated Mr. Michael Palleschi, chief executive officer
and president of FTE.  "Management is extremely pleased with our
current growth trajectory as we leverage our three distinct and
complimentary lines of business.  We are ecstatic with the positive
momentum that we have built since closing the Benchmark
transaction.  The current market offers a large value proposition
for us, as we continue to integrate Benchmark and enhance our
consolidated service offerings.  Together with our network and
infrastructure services, our first-in-kind multi-edge computing
solution, stellar service offerings, and Benchmark's pedigree, we
expect to deliver continued gains as we execute on our proven
business strategy."

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

                     https://is.gd/FYcUQd

                       About FTE Networks

FTE Networks, formerly known as Beacon Enterprise Solutions Group,
Inc., is a vertically integrated company with an international
footprint.  Since its inception, FTE Networks has steadily advanced
its management, operational and technical capabilities to become a
leading provider of services to the telecommunications and wireless
sector with a focus on turnkey solutions.  FTE Networks provides a
comprehensive array of services centered on quality, efficiency and
customer service.  Beacon Enterprise closed its merger with Focus
Venture Partners, Inc., on June 19, 2013, with Focus continuing as
the surviving corporation.  Beacon Enterprise officially changed
its corporate name to FTE Networks in April 2014.

FTE Networks reported a net loss attributable to common
shareholders of $6.31 million on $12.26 million of revenues for the
year ended Dec. 31, 2016, compared to a net loss attributable to
common shareholders of $3.63 million on $14.38 million of revenues
for the year ended Sept. 30, 2015.


GELTECH SOLUTIONS: Signs New 3-Year Contract with CFO
-----------------------------------------------------
GelTech Solutions, Inc., and Michael Hull, the Company's chief
financial officer, entered into a new three-year employment
agreement on Aug. 16, 2017.  The Employment Agreement provides for
a base salary of $150,000 per year and a car allowance of $600 per
month.  The Company's Compensation Committee will also have the
discretion to award Mr. Hull a discretionary bonus.  In
consideration for entering into the Employment Agreement, Mr. Hull
was granted 125,000 fully vested 10-year stock options exercisable
at $0.1849 per share.

                         About GelTech

Jupiter, Fla.-based GelTech Solutions. Inc. is a Delaware
corporation organized in 2006.  The Company markets four products:
(1) FireIce(R), a water soluble fire retardant used to protect
firefighters, structures and wildlands; (2) Soil2O(R) 'Dust
Control', its new application which is used for dust mitigation in
the aggregate, road construction, mining, as well as, other
industries that deal with daily dust control issues; (3) Soil2O(R),
a product which reduces the use of water and is primarily marketed
to golf courses, commercial landscapers and the agriculture market;
and (4) FireIce(R) Home Defense Unit, a system for applying
FireIce(R) to structures to protect them from wildfires.

GelTech Solutions reported a net loss of $4.67 million on $1.20
million of sales for the year ended Dec. 31, 2016, compared with a
net loss of $6.02 million on $1.31 million of sales for the year
ended Dec. 31, 2015.

As of June 30, 2017, Geltech had $2.31 million in total assets,
$8.74 million in total liabilities and a total stockholders'
deficit of $6.42 million.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has a net
loss and net cash used in operating activities in of $4,672,043 and
$3,344,593, respectively, for the year ended December 31, 2016 and
has an accumulated deficit and stockholders' deficit of $47,957,926
and $6,363,616, respectively, at Dec. 31, 2016.  These matters
raise substantial doubt about the Company's ability to continue as
a going concern.


GOLDEN INSURANCE: A.M. Best Affirms 'bb-' LT Issuer Credit Rating
-----------------------------------------------------------------
A.M. Best, in June 2017, removed from under review with negative
implications and affirmed the Financial Strength Rating of B-
(Fair) and the Long-Term Issuer Credit Rating of "bb-" of Golden
Insurance Company, A Risk Retention Group (Golden) (Incline
Village, NV). The outlook assigned to these Credit Ratings
(ratings) is negative.

The ratings were placed under review with negative implications on
Dec. 20, 2016, due to a change in the company's premium earning
pattern prescribed by the Nevada Department of Insurance. The
change resulted in increased reserve levels and reductions in
policyholders' surplus. In order to gain an adequate understanding
of the company's unearned premium reserve equity and risk-adjusted
capitalization, the analytical team concluded that a review of the
2016 year-end actuarial report was needed.

The review of the 2016 actuarial report resulted in a determination
that the risk-adjusted capitalization remained supportive of the
current rating level. However, concerns remained regarding elevated
underwriting losses and expenses, stemming from general liability
claims in 2016, and how the new premium earnings pattern would
affect future operating results. The negative outlooks reflect the
continued uncertainty regarding the company's loss reserve adequacy
and future operating profitability.

These negative rating factors are mitigated by the company's
profitability through the first quarter of 2017. Additionally, the
company has contracted a reputable captive manager and other
support staff in recent years to improve their risk management and
financial reporting processes.


GREAT BASIN: Reaches Forbearance Agreement With Lender
------------------------------------------------------
Great Basin Scientific, Inc. and Hudson Bay Master Fund Ltd.
entered into a forbearance agreement on Aug. 21, 2017, wherein
"Hudson Bay agreed to forbear from exercising any of the remedies
during the 15 day Forbearance Period, but solely with respect to
the Specified Event of Default; provided, however, that such
forbearance will not apply to, and does not limit, the right of the
Holder to charge Interest at the Default Rate in accordance with
the Note at any time after the date of the delivery of the August
Redemption Notice."

On Aug. 16, 2017, Hudson Bay delivered an event of default
redemption notice in accordance with the terms of Section 4(b) of
the Series A Senior Secured Convertible Note dated April 17, 2017.
In exchange for the forbearance, the Company has provided Hudson
Bay with a release of any and all claims that the Company may have
against Hudson Bay.

The Holder can be reached at:

        HUDSON BAY MASTER FUND LTD.
        Hudson Bay Capital Management LP, Investment Advisor
        Yoav Roth, Authorized Signatory

The Company can be reached at:

        Great Basin Scientific, Inc.
        420 E. South Temple, Suite 520
        Salt Lake City, Utah 84111
        Attention: Jeff Rona, Chief Financial Officer
        E-Mail: jrona@gbscience.com
        Facsimile: 801-990-1051

A copy of the Forbearance Agreement is available at
https://is.gd/suogu1

        Extension of Series J Warrants Termination Date

On Aug. 21, 2017, the Company unilaterally extended the Series J
Warrants Termination Date (as defined in the Series J Warrants) to
Dec. 31, 2017, as permitted by Section 3(g)(iii) of the Series J
Warrants.  All other terms of the Series J Warrants remain in
effect without modification.

                        About Great Basin

West Valley City, Utah-based Great Basin Scientific Inc. --
http://www.gbscience.com/-- is a molecular diagnostic testing
company focused on the development and commercialization of its
patented, molecular diagnostic platform designed to test for
infectious disease, especially hospital-acquired infections.  The
Company believes that small to medium sized hospital laboratories,
those under 400 beds, are in need of simpler and more affordable
molecular diagnostic testing methods.  The Company markets a system
that combines both affordability and ease-of-use, when compared to
other commercially available molecular testing methods.

Great Basin Scientific reported a net loss of $89.14 million on
$3.04 million of revenues for the year ended Dec. 31, 2016,
compared to a net loss of $57.89 million on $2.14 million of
revenues for the year ended Dec. 31, 2015.  As of March 31, 2017,
Great Basin had $29.24 million in total assets, $59.10 million in
total liabilities, and a total stockholders' deficit of $29.86
million.

The Company's independent accountants, BDO USA, LLP, in Salt Lake
City, Utah, expressed "substantial doubt" about the Company's
ability to continue as a going concern noting that the Company has
incurred substantial losses from operations, has negative operating
cash flows and has a net capital deficiency.


GREEN PLAINS: Egan-Jones Lowers Sr. Unsecured Rating to B+
----------------------------------------------------------
Egan-Jones Ratings Company, on June 19, 2017, lowered the local
currency and foreign currency senior unsecured ratings on debt
issued by Green Plains Inc to B+ from BB-.

Previously, on June 17, 2017, EJR raised the Company's senior
unsecured ratings to BB- from B+.

Green Plains is a vertically integrated ethanol producer based in
Omaha, Nebraska.


GUIDED THERAPEUTICS: Signs $53K Note Purchase Pact With Power Up
----------------------------------------------------------------
Guided Therapeutics, Inc., entered into a securities purchase
agreement with Power Up Lending Group Ltd. on Aug. 18, 2017,
providing for the purchase by Power Up from the Company of a
convertible note in the aggregate principal amount of $53,000.  The
note bears an interest rate of 12%, and is due and payable on
May 19, 2018.  The note may be converted by Power Up at any time
after 180 days from issuance into shares of Company's common stock
at a conversion price equal to 58% of the average of the lowest two
day trading prices of the common stock during the 15 trading days
prior to conversion.

The note may be prepaid in accordance with its terms, at premiums
ranging from 15% to 40%, depending on the time of prepayment.  The
note contains certain representations, warranties, covenants and
events of default, including if the Company is delinquent in its
periodic report filings with the SEC, and provides for increases in
principal and interest in the event of such defaults.

                   About Guided Therapeutics
   
Guided Therapeutics, Inc. (OTC BB and OTC QB: GTHP) --
http://www.guidedinc.com/-- is developing a rapid and painless
test for the early detection of disease that leads to cervical
cancer.  The technology is designed to provide an objective result
at the point of care, thereby improving the management of cervical
disease.  Unlike Pap and HPV tests, the device does not require a
painful tissue sample and results are known immediately.  GT has
also entered into a partnership with Konica Minolta Opto to develop
a non-invasive test for Barrett's Esophagus using the LightTouch
technology platform.

Guided Therapeutics incurred a net loss attributable to common
stockholders of $4.99 million for the year ended Dec. 31, 2016,
compared to a net loss attributable to common stockholders of $9.50
million for the year ended Dec. 31, 2015.  

As of June 30, 2017, Guided Therapeutics had $1.51 million in total
assets, $11.85 million in total liabilities and a total
stockholders' deficit of $10.34 million.

UHY LLP, in Sterling Heights, Michigan, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company's significant
operating losses raise substantial doubt about its ability to
continue as a going concern.


HELIOS AND MATHESON: Will Acquire Majority Stake in MoviePass
-------------------------------------------------------------
Helios and Matheson Analytics Inc. has entered into a definitive
agreement to acquire a majority stake of movie subscription
technology company MoviePass Inc.  The Company's innovative growth
strategy through the expansion into industries with opportunities
for big data and artificial intelligence innovations seeks to
increase shareholder value.

MoviePass is led by Netflix Co-Founder and Former Redbox President
Mitch Lowe.  Film marketing executive and producer Stacy Spikes
co-founded MoviePass in 2011.  Early investors include True
Ventures, AOL Ventures and Chris Kelly, MoviePass' largest investor
and former Chief Privacy Officer of Facebook.

Helios and Matheson continues to acquire companies on the cutting
edge, with first-mover advantage, disruptive technology and solid
management.  MoviePass is available in over 91% of all theaters in
the U.S.  This includes AMC, Regal and Cinemark theaters along with
independent theaters. The MoviePass app enables subscribers to see
unlimited movies, in theaters with no blackout dates; no contracts;
just a low flat $9.95 monthly fee.

"MoviePass was founded to make it easier for passionate moviegoers
and casual fans to see films the way they're meant to be seen -- in
the theater," said Mitch Lowe, CEO of MoviePass.  "Our vision has
always been to make the moviegoing experience more affordable and
enjoyable for our subscribers.  We are changing the way consumers
think about going to the movies by making it possible to experience
a broader array of films -- from the latest summer blockbuster to a
critically-acclaimed documentary -- through a subscription model.
Today's acquisition by Helios & Matheson is a huge step towards
making our vision a reality by allowing us to introduce a new $9.95
nationwide subscription service that completely disrupts the movie
industry in the same way that Netflix and Redbox have done in years
past."

In July 2017, Drake Star Partners released an independent report on
entertainment technology.  The report states that, despite the
marketing of Streaming Video On-Demand (SVOD) services such as
Netflix and Amazon, 2016 box office dollars set a new record.  The
report additionally affirmed MoviePass a true win-win-win situation
for the moviegoer, the movie studios and the theaters. For the
subscribers -- who, incidentally, represent a powerful demographic
with 75% of the user base under 35 -- the low subscription cost
enables them to see more movies than they may otherwise wait to see
in post-theater release, which is critically important to the films
that currently make up the release schedule.  It's further reported
that subscribers, on average, have increased their annual
movie-going budget four-fold.

In addition, a 2016 independent report by Mather Economics found
that MoviePass members showed a 100% increase in movie-going.  This
includes a 50% increase in mid-week attendance and a 123% increase
in concession revenues.  In short, the subscription trumps the
pay-per-view approach, reducing its high customer acquisition cost
to the MoviePass risk-free, contract-free model.

"I believe the technology platforms that Helios and Matheson has
built over the years are a perfect fit for the MoviePass family,"
said Ted Farnsworth, Helios and Matheson's Chairman and CEO.  "With
our big data and artificial intelligence platforms and other
technologies that we own, we will be able to bring a significant
technological advantage to MoviePass.  Our mission at HMNY is to
continuously be innovating, and this blending is a natural fit to
take us up to the next level and beyond."

MoviePass will continue its operations with existing leadership and
continue to expand throughout the U.S. MoviePass has agreed,
following the closing of this transaction, to apply for listing and
seek to begin trading on the Nasdaq Stock Market or the New York
Stock Exchange by March 31, 2018, at which point HMNY would remain
the majority shareholder of MoviePass.

Madison Global Partners advised MoviePass and Palladium Capital
Advisors advised HMNY on the transaction.

"As a Co-founder of MoviePass, the establishment of a subscription
service has and continues to be the catalyst needed to reinvigorate
the film industry," said Stacy Spikes MoviePass COO.  This
partnership with Helios and Matheson brings together the perfect
combination of resources and innovation needed to bring that goal
one step closer to reality.  Our data continues to reinforce the
amazing benefits of subscription for customers, theaters and
studios.  For our industry to remain relevant we must be bold and
experiment with wild new ideas."

"My past experience at Facebook gave me the wherewithal to see that
MoviePass was destined to disrupt the movie and entertainment
industry.  As a passionate movie lover, I saw MoviePass as a great
company to bring people back to the theater to share in the social
experience only the big screen can provide," said Chris Kelly.

The closing of the MoviePass transaction is conditioned upon HMNY
consummating an equity or equity-linked financing transaction with
aggregate gross proceeds of at least $10 million, among other
material conditions to be described in the Current Report.

HMNY's two largest stockholders, collectively holding approximately
49% of HMNY's outstanding shares of common stock, have agreed to
vote in favor of the MoviePass transaction and concurrent financing
transaction, as will be described in the Current Report, for
purposes of compliance with Nasdaq Listing Rule 5635.
  
                    Measurement Period Results

On Aug. 22, 2017, the Company filed a Current Report to disclose
the performance of MoviePass in filling theater seats for two
theater chains that have partnerships with MoviePass, for the six
day period from Aug. 15, 2017, through Aug. 20, 2017, following the
announcement of the MoviePass Transaction and the new MoviePass
$9.95 per month subscription price.

In one of the theater chains, during the Measurement Period, the
number of theater seats filled by MoviePass increased from 206 to
approximately 4,137, representing an increase in excess of 2,000%
as compared to the seven day period preceding the Measurement
Period.

In the other theater chain, during the Measurement Period, the
number of theater seats filled by MoviePass increased from 203 to
approximately 1,795, representing an increase of approximately 884%
as compared to the seven day period preceding the Measurement
Period.

These two theater chains have theaters located in Arizona,
California, Florida, Illinois, Michigan, Missouri, North Carolina,
Pennsylvania, Indiana and Texas.

                        About MoviePass

MoviePass -- http://www.moviepass.com/-- is a technology company
dedicated to enhancing the exploration of cinema.  As the nation's
premier movie-theater subscription service, MoviePass provides film
enthusiasts the ability to attend unlimited movies.  The service,
now accepted at more than 91% of theaters across the United States
is the nation's largest theater network

                   About Helios and Matheson

Helios and Matheson Analytics Inc. (NASDAQ: HMNY) --
http://www.hmny.com/-- provides information technology consulting,
training services, software products and an enhanced suite of
services of predictive analytics.  Servicing Fortune 500
corporations and other large organizations, HMNY focuses mainly on
BFSI technology verticals. HMNY's solutions cover the entire
spectrum of IT needs, including applications, data, and
infrastructure.  HMNY is headquartered in New York, NY and listed
on the NASDAQ Capital Market under the symbol HMNY.

Helios and Matheson reported a net loss of $7.38 million for the
year ended Dec. 31, 2016, a net loss of $2.11 million for the year
ended Dec. 31, 2015, and a net loss of $199,944 for the year ended
Dec. 31, 2014.


HISTOPATH LAB: Chapter 727 Claims Bar Date Set for Dec. 13
----------------------------------------------------------
Histopath Lab. P.A., filed a petition commencing an assignment for
the benefit of creditors pursuant to chapter 727, Florida Statutes,
on Aug. 15, 2017.

Histopath Lab. P.A., the assignor, has a principal place of
business in Citrus County, Florida at 2671 West Norvell Bryant
Highway, Lecanto, FL 34461.

Michael Phelan of Michael Moecker & Associates, Inc., is the
Assignee, and may be reached at:

     Michael Phelan
     Michael Moecker & Associates, Inc.
     1883 Marina Mile Blvd., Suite 106
     Fort Lauderdale, Florida 33315

Pursuant to Section 727.105, Fla. Stat., no proceeding may be
commenced against the Assignee except as provided in Chapter 727,
and excepting the case of a consensual lienholder enforcing its
rights in personal property or real property collateral, there
shall be no levy, execution, attachment or the like, in connection
with any judgment of claim against assets of the Estate, in the
possession, custody, or control of the Assignee.

To receive any dividend in this proceeding, interested parties must
file a proof of claim with the Assignee or the Assignee's attorney
on or before December 13, 2017.

The case is, In re: HISTOPATH LAB, P.A., Assignor, to MICHAEL
PHELAN, Assignee, Case No. 2017 CA 000658 A, CIRCUIT COURT OF THE
FIFTH JUDICIAL CIRCUIT IN AND FOR CITRUS COUNTY, FLORIDA CIVIL
DIVISION.


HUMANIGEN INC: Has $15M Equity Financing From Aperture
------------------------------------------------------
Humanigen, Inc., has signed an agreement for a committed equity
financing facility under which it may from time to time, at the
Company's sole discretion, sell up to $15 million of its common
stock to Aperture Healthcare Ventures Ltd.  The actual amount of
funds that can be raised under the Aperture facility will depend on
the number of shares sold under the agreement and the market value
of Humanigen's stock during the pricing period of each sale.

The Company may begin utilizing the Aperture facility following the
satisfaction of certain conditions, including, among other things,
that a registration statement covering the resale of the shares of
common stock subject to the Aperture facility is declared effective
by the U.S. Securities and Exchange Commission. Upon satisfaction
of those conditions, the Aperture committed equity financing
facility will provide an additional source of working capital to
the company which, together with borrowings under the company's
amended term loan facility announced in July 2017, will support the
Company's business operations and advance its pipeline.

"The Aperture committed equity financing represents one part of our
overall financing strategy that will help us continue to accelerate
our transformation as Humanigen, execute against our priorities,
and advance our pipeline to bring much-needed medicines to patients
with neglected and rare diseases," said Cameron Durrant, MD,
chairman, CEO and interim chief financial officer.

The offer and sale of the securities in the above transaction have
not been registered under the Securities Act of 1933, as amended,
or any state securities laws and may not be offered or sold in the
United States absent registration under the Securities Act and any
applicable state securities laws or an applicable exemption from
such registration.

Humanigen, Inc.'s counsel is:

         Polsinelli PC
         1401 Eye Street, N.W., Suite 800
         Washington, DC 20005
         Telephone Number: (202) 783-3300
         E-mail: kvold@polsinelli.com
         Attention:  Kevin L. Vold, Esq.

Aperture's legal counsel is:

         MINTZ, LEVIN, COHN, FERRIS, GLOVSKY AND POPEO, P.C.
         666 Third Avenue
         New York, NY 10016
         Telephone Number: (212) 935-3000
         E-mail: ajmarsico@mintz.com
         Attention: Anthony J. Marsico, Esq.

The Investor can be reached at:

         APERTURE HEALTHCARE VENTURES LTD.
         c/o Gardiner Roberts LLP
         Bay Adelaide Centre – East Tower
         22 Adelaide Street West, Suite 3600
         Toronto, Ontario M5H 4E3
         Telephone Number: (416) 865-6600
         E-mail:  investments@aperturehcv.com
         Attention: Justine Turner, Director

A copy of the Registration Rights Agreement is available at:
https://is.gd/bkwZgg

A copy of the Common Stock Purchase Agreement is available at:
https://is.gd/PJx3yS

                       About Humanigen, Inc.

Humanigen, Inc. (OTCQB: HGEN), formerly known as KaloBios
Pharmaceuticals, Inc., -- http://www.humanigen.com/-- is a
biopharmaceutical company focused on advancing medicines for
patients with neglected and rare diseases through innovative,
accelerated business models.  Lead compounds in the portfolio are
benznidazole for the potential treatment of Chagas disease in the
U.S., and the proprietary monoclonal antibodies, lenzilumab and
ifabotuzumab.  Lenzilumab has potential for treatment of various
rare diseases, including hematologic cancers such as chronic
myelomonocytic leukemia (CMML) and juvenile myelomonocytic leukemia
(JMML).

KaloBios amended its Amended and Restated Certificate of
Incorporation to change its corporate name to Humanigen, Inc.,
effective Aug. 7, 2017.  

KaloBios filed a voluntary petition for bankruptcy protection under
Chapter 11 of Title 11 of the United States Bankruptcy Code (Bankr.
D. Del. Case No. 15-12628) on Dec. 29, 2015.  The Company was
represented by Eric D. Schwartz of Morris, Nichols, Arsht &
Tunnell.  KaloBios emerged from Chapter 11 bankruptcy six months
later.

The Company has acquired the rights from Savant Neglected Diseases
LLC to develop benznidazole for the treatment of Chagas disease.

Kalobios reported a net loss of $27.01 million for the year ended
Dec. 31, 2016, compared to a net loss of $35.37 million for the
year ended Dec. 31, 2015.  

As of June 30, 2017, Humanigen had $1.92 million in total assets,
$16.61 million in total liabilities and a total stockholders'
deficit of $14.69 million.

HORNE LLP, in Ridgeland, Mississippi, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, noting that the Company has recurring losses
from operations that raise substantial doubt about its ability to
continue as a going concern.


IDERA INC: S&P Cuts CCR to 'B-' on Add'l. Debt-Funded Acquisitions
------------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating to 'B-' from
'B' on Houston-based Idera Inc. The outlook is stable.

S&P said, "At the same time, we lowered our issue-level rating to
'B-' from 'B' on Idera's first-lien debt. The recovery rating
remains '3', indicating our expectation for meaningful (50% to 70%;
rounded estimate 60%) recovery in a payment default. In addition,
we lowered our issue-level rating to 'CCC+' from 'B-' on the
company's second-lien debt. The recovery rating remains '5',
indicating our expectation for modest (10% to 30%; rounded estimate
10%) recovery in the event of a payment default."

"The rating action is based on our view that leverage will exceed
the previously stated downside threshold for the next 12 months, as
the company looks to integrate the Sencha and Aquafold
acquisitions, with cost synergies planned in excess of 50% of the
existing cost structures," said S&P Global Ratings credit analyst
Geoffrey Wilson.

S&P said, "The stable outlook reflects our expectation that the
company's large recurring revenue base and high margins, along with
the continued demand for database software tools, will contribute
to future stable operating performance."


INTERNAP CORP: S&P Alters Outlook to Stable & Affirms 'B' CCR
-------------------------------------------------------------
S&P Global Ratings revised its rating outlook on Atlanta-based data
center operator Internap Corp. to stable from negative. At the same
time, S&P affirmed all its ratings on the company, including the
'B' corporate credit rating.

The outlook revision reflects increased covenant cushion as a
result of moderate earnings growth and relief on its leverage and
interest coverage financial covenants under the April 2017
refinancing. In spite of top-line declines, the company took costs
out of the business, resulting covenant cushion above 20% in the
second quarter of 2017. Given the favorable characteristics of the
data center industry combined with the company's improved cost
structure, looser covenants, and minimal customer concentration
(with Internap's top 10 customers accounting for just 13% of total
revenues), S&P believes it is unlikely that the company's covenant
cushion will fall below 10% over the next 12-months.

S&P said, "The stable outlook reflects our expectation for
continued EBITDA growth over the next 12 months, resulting from a
continued shift in revenue to higher-margin services and our
expectation that FOCF will be break-even to modestly positive in
2017, with adequate liquidity. While we believe Internap will
benefit from increased IT outsourcing, including favorable
supply-demand dynamics in its core markets, its noncore IP services
and partner-controlled colocation businesses constrain leverage
reduction and growth prospects.

"We could lower the rating if the company's liquidity narrows
without a credible path for improvement. Such a scenario would
likely result from a decline in operating performance within the
company's core colocation, hosting, and cloud businesses. This
would include higher churn and pricing pressure, limiting FOCF and
reducing availability under the revolving credit facility or
tightening covenant compliance. Alternatively, we could lower the
rating if leverage increases above 7x on a sustained basis.

"Although unlikely over the next year, we could raise the rating if
the company stabilizes revenue declines and improves leverage to
the mid-4x area on a sustained basis, with FOCF to debt above 5%.
Any upgrade would require a longer-term financial policy supportive
of improved credit metrics."


ISTAR INC: Egan-Jones Raises Sr. Unsecured Rating to BB-
--------------------------------------------------------
Egan-Jones Ratings Company, on June 16, 2017, raised local currency
and foreign currency senior unsecured ratings on debt issued by
iStar Inc to BB- from B+.

iStar finances, invests in and develops real estate and real estate
related projects as part of its fully-integrated investment
platform.


ITUS CORP: Fails to Comply With Nasdaq's $1 Bid Price Rule
----------------------------------------------------------
ITUS Corporation received a staff deficiency notice from The Nasdaq
Stock Market on Aug. 18, 2017, informing the Company that its
common stock, par value $0.01 per share, failed to comply with the
$1.00 minimum bid price required for continued listing on The
Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2).
Nasdaq's letter advised the Company that, based upon the closing
bid price during the period from July 6, 2017, to Aug. 17, 2017,
the Company no longer meets this test.

Nasdaq's notice has no immediate effect on the listing of the
Company's common stock on the Nasdaq Capital Market.  Pursuant to
Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has been
provided an initial compliance period of 180 calendar days, or
until Feb. 14, 2018, to regain compliance with the minimum bid
price requirement.  To regain compliance, the closing bid price of
the Company's common stock must meet or exceed $1.00 per share for
a minimum of 10 consecutive business days prior to Feb. 14, 2018.

                    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 April 30, 2017, ITUS had $7.24 million in total assets, $3.66
million in total liabilities and $3.58 million 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.


J CREW GROUP: Incurs $20.6 Million Net Loss in Second Quarter
-------------------------------------------------------------
J.Crew Group, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $20.65 million on $560.90 million of total revenues for the 13
weeks ended July 29, 2017, compared to a net loss of $8.62 million
on $569.8 million of total revenues for the 13 weeks ended July 30,
2016.

For the 26 weeks ended July 29, 2017, J.Crew reported a net loss of
$143.9 million on $1.09 billion of total revenues compared to a net
loss of $16.66 million on $1.13 billion of total revenues for the
26 weeks ended July 30, 2016.

J.Crew sales decreased 7% to $443.1 million.  J.Crew comparable
sales decreased 8% following a decrease of 9% in the second quarter
last year.

Madewell sales increased 19% to $93.1 million.  Madewell comparable
sales increased 11% following an increase of 3% in the second
quarter last year.      

Gross margin increased to 38.6% from 35.7% in the second quarter
last year.

Selling, general and administrative expenses were $210.1 million,
or 37.5% of revenues, compared to $196.5 million, or 34.5% of
revenues in the second quarter last year.  Excluding transformation
costs of $14.0 million and transaction costs of $13.7 million
(incurred in connection with the Company's debt exchange and
refinancing), selling, general and administrative expenses were
$182.4 million, or 32.5% of revenues this year.

Operating income was $2.6 million compared to $6.7 million in the
second quarter last year.  The second quarter this year includes
transformation costs of $14.0 million and transaction costs of
$13.7 million.

Adjusted EBITDA increased $24.8 million, or 65%, to $63.1 million
from $38.3 million in the second quarter last year.

As of July 29, 2017, the Company had $1.18 billion in total assets,
$2.35 billion in total liabilities and a total stockholders'
deficit of $1.17 billion.

Cash and cash equivalents were $62.4 million compared to $49.2
million at the end of the second quarter last year.  The cash
balance at the end of the second quarter this year reflects the
payment of transaction costs of $33.8 million and debt repayments
pursuant to the refinancing of $27.0 million.

Inventories were $299.8 million compared to $391.6 million at the
end of the second quarter last year.  Inventories decreased 23% and
inventories per square foot decreased 24% compared to the end of
the second quarter last year.  

Total debt, net of discount and deferred financing costs, was
$1,721 million compared to $1,512 million at the end of the second
quarter last year.  On July 13, 2017, the Company completed a debt
exchange and refinancing.

There were no outstanding borrowings under the ABL Facility at July
29, 2017, or July 30, 2016.  As of Aug. 23, 2017, there were
outstanding borrowings of $10 million under the ABL Facility, with
excess availability of approximately $245 million.

Jim Brett, chief executive officer, remarked, "Since joining J.Crew
in July, I've come to a better understanding of how these iconic
American brands can be made to play a more meaningful role in our
lives.  Overall, I am optimistic about the opportunities that lie
ahead, particularly when reviewing the strong talent, capabilities
and commitment within the organization.  The team delivered solid
progress on our transformation plan during the second quarter,
highlighted by expansion in gross margin and reduced expenses that
drove an increase in Adjusted EBITDA.  And I am confident about
evolving our brand strategy to drive long term profitable growth."

                  Debt Exchange and Refinancing

On July 13, 2017, the Company completed the following interrelated
liability management transactions:

  * An exchange offer in which $565.7 million principal
    outstanding of 7.75%/8.50% Senior PIK Toggle Notes due 2019    

    issued by the Company's parent were exchanged for (i) $249.6
    million of 13% Senior Secured Notes due 2021 and (ii) shares
    of preferred and common stock of the Company's parent.  

  * An amendment of the Company's Term Loan Facility to, among
    other things, facilitate the following related transactions:

     - the repayment of $150.5 million principal amount
       outstanding under the Term Loan Facility;

     - the transfer of the remaining undivided ownership interest
       in the U.S. intellectual property rights of the J.Crew
       brand to a subsidiary of the Company which, together with
       the undivided ownership interest transferred in December
       2016 represent 100% of the U.S. intellectual property
       rights of the J.Crew brand, and the execution of related
       license agreements;

     - the issuance of $97.0 million principal amount of an
       additional series of 13% Senior Secured Notes due 2021,
       subject to the same terms and conditions as the exchange
       notes, for cash at a 3% discount, the proceeds of which
       were loaned to the Company and were applied, in part, to
       finance the repayment of the $150.5 million principal
       amount of term loans referenced above; and

     - the raising of additional borrowings under the Term Loan
       Facility of $30.0 million, for cash at a 2% discount,
       provided by the Company's sponsors, the net proceeds of
       which were also applied, in part, to finance the repayment
       of the $150.5 million principal amount of term loans.

                   First Quarter Impairment

During the first quarter of fiscal 2017, the Company recorded a
non-cash impairment charge of $129.8 million related to the
intangible asset for the J.Crew trade name.  After recording the
impairment charge in the first quarter, the carrying value of the
J.Crew trade name was $250.2 million.  If revenues or operating
results decline below the Company's current expectations,
additional impairment charges may be recorded in the future.

This impairment charge does not have an effect on the Company’s
operations, liquidity or financial covenants, and does not change
management's long-term strategy, which includes its plans to drive
disciplined growth across its brands.

                      Related Party

On Nov. 4, 2013, an indirect parent holding company of the Company
issued $500 million of PIK Notes.  On July 13, 2017, the Company
completed a private exchange offer pursuant to which $565.7 million
principal amount of such PIK Notes were exchanged for $249.6
million of exchange notes and shares of preferred and common stock
of the Parent.  

The PIK Notes were not guaranteed by any of the PIK Notes Issuer's
subsidiaries, and therefore were not recorded in the Company's
financial statements.  The exchange notes, however, are guaranteed
by the Company's subsidiaries, and therefore are recorded in the
Company's financial statements.  

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

                     https://is.gd/rAelqa

                       About J.Crew Group

J.Crew Group, Inc. -- http://www.jcrew.com/-- is an
internationally recognized omni-channel retailer of women's, men's
and children's apparel, shoes and
accessories.  As of June 26, 2017, the Company operates 277 J.Crew
retail stores, 118 Madewell stores, jcrew.com, jcrewfactory.com,
the J.Crew catalog, madewell.com, and 179 factory stores
(including 39 J.Crew Mercantile stores).  

For the year ended Jan. 28, 2017, J. Crew reported a net loss of
$23.51 million following a net loss of $1.24 billion for the year
ended Jan. 30, 2016.

                           *    *    *

In July 2017, S&P Global Ratings raised its corporate credit rating
on J. Crew Group to 'CCC+' from 'SD'.  "The rating action follows
our review of J. Crew capital structure following the company's
exchange of the unsecured PIK toggle notes maturing in 2019.

J. Crew has a 'Caa2' Corporate Family Rating from Moody's Investors
Service.  J. Crew's Caa2 Corporate Family Rating reflects its weak
operating performance and high debt burden, with Moody's-adjusted
debt/EBITDA of 7.8 times (credit agreement debt/EBITDA of 10.3
times) and EBIT/interest expense of 0.6 times pro-forma for the
debt exchange.


J CREW GROUP: Names Vincent Zanna as New Chief Financial Officer
----------------------------------------------------------------
Vincent Zanna has been named chief financial officer and treasurer
of J.Crew Group, Inc., effective Aug. 23, 2017.  Mr. Zanna, age 46,
served as the Company's senior vice president of finance and
treasurer since October 2016 and vice president and treasurer from
2012.  Prior to joining the Company in 2009, Mr. Zanna served as
the treasurer of Footstar, Inc.  In connection with his
appointment, Mr. Zanna will be granted an increase in base salary
to $475,000, and his potential target bonus under the Company's
annual incentive plan shall be increased to 50%.

Upon the effectiveness of Mr. Zanna's appointment, Michael J.
Nicholson will no longer serve as the Company's chief financial
officer and will continue in his role of president, chief operating
officer of the Company.  Mr. Zanna will serve as the Company's
principal financial officer.    

                       About J.Crew Group

J.Crew Group, Inc. -- http://www.jcrew.com/-- is an
internationally recognized omni-channel retailer of women's, men's
and children's apparel, shoes and accessories.  As of June 26,
2017, the Company operates 277 J.Crew retail stores, 118 Madewell
stores, jcrew.com, jcrewfactory.com, the J.Crew catalog,
madewell.com, and 179 factory stores  (including 39 J.Crew
Mercantile stores).  

For the year ended Jan. 28, 2017, J. Crew reported a net loss of
$23.51 million following a net loss of $1.24 billion for the year
ended Jan. 30, 2016.

                           *    *    *

As reported by the TCR on July 19, 2017, S&P Global Ratings raised
its corporate credit rating on the New York-based specialty
retailer J. Crew Group Inc. to 'CCC+' from 'SD'.  "The rating
action follows our review of J. Crew capital structure following
the company's exchange of the unsecured PIK toggle notes maturing
in 2019.

J. Crew has a 'Caa2' Corporate Family Rating from Moody's Investors
Service.  J. Crew's Caa2 Corporate Family Rating reflects its weak
operating performance and high debt burden, with Moody's-adjusted
debt/EBITDA of 7.8 times (credit agreement debt/EBITDA of 10.3
times) and EBIT/interest expense of 0.6 times pro-forma for the
debt exchange.


JAX TRANSFER: Chapter 727 Claims Bar Date Set for Nov. 25
---------------------------------------------------------
Jax Transfer, LLC, a Florida limited liability company, filed on
July 28, 2017, a petition commencing an Assignment for the Benefit
of Creditors, pursuant to Chapter 727, Florida Statutes.

Jax Transfer is the Assignor, and Mark C. Healy is the Assignee.

Jax Ttransfer has a principal place of business at 5160 William
Mills Street, Jacksonville, Florida 32226.  Mr. Healy's address is
Michael Moecker & Associates, Inc., 1883 Marine Mile Blvd., Suite
106, Ft. Lauderdale, Florida 33315.

In order to receive any dividend in this proceeding, interested
parties must file a proof of claim, on the Assignee or his attorney
on or before November 25, 2017.

The case is, In re: JAX TRANSFER, LLC, a Florida Limited Liability
Company, Assignor, To: MARK C. HEALY, Assignee, CASE NO.
16-2017-CA-004796 DIVISION: CV-H, IN THE CIRCUIT COURT FOURTH
JUDICIAL CIRCUIT IN AND FOR DUVAL COUNTY, FLORIDA.


JAXCOPY LLC: Chapter 727 Claims Bar Date Set for Nov. 27
--------------------------------------------------------
Jaxcopy LLC, a Florida Limited Liability Company, filed on July 28,
2017, a petition commencing an Assignment for the Benefit of
Creditors proceeding, pursuant to Chapter 727, Florida Statutes.

Jaxcopy is the Assignor.  Its principal place of business is at 1
Independent Drive, Suite 100, Jacksonville, Florida 32202.

Mark Healy of Michael Moecker & Associates, Inc., is the Assignee.

Pursuant to Florida Statutes 727.105, no proceeding may be
commenced against the Assignee except as provided in Chapter 727
and except in the case of a secured creditor enforcing its rights
and collateral under Chapter 679, there shall be no levy,
execution, attachment, or the like in the respect of any judgment
against assets of the estate, other than real property, in the
possession, custody, or control of the Assignee.

In order to receive any dividend in this proceeding, interested
parties must on or before November 27, 2017 -- 120 days from the
date the Petition was filed -- a proof of claim with the Assignee:

     Mark Healy
     Michael Moecker & Associates, Inc.
     1883 Marina Mile Blvd., Suite 106
     Fort Lauderdale, FL 33315

Attorney for Defendant(s):

     Kevin B. Paysinger, Esq.
     William B. McDaniel, Esq.
     LANSING ROY, P.A.
     1710 Shadowood Lane, Suite 210
     Jacksonville, FL 32207-2184
     Telephone: (904) 391-0030
     Facsimile: (904) 391-0031
     E-mail: stcourt@lansingroy.com

The case is, In re: JAXCOPY, LLC, a Florida limited liability
company, Assignor, To: MARK HEALY, Assignee, CASE NO.:
16-2017-CA-004757 DIVISION: CV-G, IN THE CIRCUIT COURT FOURTH
JUDICIAL CIRCUIT IN AND FOR DUVAL COUNTY, FLORIDA.


JOHN Q. HAMMONS: $1.6M Sale of Middleton Property to JDH Okayed
---------------------------------------------------------------
Judge Robert D. Berger of the U.S. Bankruptcy Court for the
District of Kansas authorized John Q. Hammons Fall 2006, LLC and
its affiliates, to sell the approximately 3.7 acres of vacant land
located in the southwest quadrant of John Q. Hammons Drive and
Holiday Drive, City of Middleton, Dane County, Wisconsin, to JD
Holdings, L.L.C. or its assignee for $1,600,000.

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

The Debtors conducted a process to seek the highest bid for the
Real Estate.  The two bidders were Kraemer Development, LLC and
JDH.  At the end of the process, JDH offered $1.6 million and
Kraemer advised that it did not intend to continue to bid.  As a
result, the Debtors determined the highest and best bid for the
Real Estate was JDH's bid of $1.6 million.

At the time of closing, and from the proceeds of the sale, the
Trust is authorized and directed to pay its share of the closing
costs and all past due and outstanding taxes with respect to the
Real Estate.  The Trust is further directed to place the remaining
net sale proceeds into a segregated bank account and the Proceeds
will be held in such account pending further order of the Court.

The Order is without prejudice to any claim JDH has, or may have,
or any defense to any such claim.

A copy of the Agreement attached to the Order is available for free
at:

     http://bankrupt.com/misc/John_Hammons_1196_Order.pdf

The Purchaser:

          JD HOLDINGS, L.L.C.
          2898 E. Camelback Road, Suite 1000
          Phoenix, AZ 85018
          Attn: Ron Brown
          E-mail: rbr0wn@atriumllc.com

The Purchaser is represented by:

          Andrew Small, Esq.
          KIRKLAND & ELLIS
          300 N. LaSalle Street
          Chicago, IL 60654
          E-mail: andrew.small@kirkland.co

                 About John Q. Hammons Fall 2006

Springfield, Mo.-based John Q. Hammons Hotels & Resorts (JQH) --
http://www.jqhhotels.com/-- is a private, independent owner and
manager of hotels in the United States, representing brands such
as: Marriott, Hilton, Embassy Suites by Hilton, Sheraton, IHG,
Chateau on the Lake Resort / Spa & Convention Center, and Plaza
Hotels Collection.  It has portfolio of 35 hotels representing
approximately 8,500 guest rooms/suites in 16 states.

John Q. Hammons Fall 2006, LLC, and its affiliated debtors filed
chapter 11 petitions (Bankr. D. Kan. Case Nos. 16-21139 to
16-21208) on June 26, 2016.  The petitions were signed by Greggory
D. Groves, vice president.

At the time of filing, the Debtors estimated assets at $100 million
to $500 million and liabilities at $100 million to $500 million.

The Debtors' bankruptcy counsel are Mark A. Shaiken, Esq., Mark S.
Carder, Esq., and Nicholas Zluticky, Esq., at Stinson Leonard
Street LLP.  The Debtors' conflicts counsel is Victor F. Weber,
Esq., at Merrick Baker and Strauss PC.

The Debtors engaged BMC Group, Inc., as their notice, claims, and
balloting agent; and Alvarez & Marsal Valuation Services, LLC as
appraiser.


KEMET CORP: Egan-Jones Hikes Sr. Unsecured Ratings to CCC
---------------------------------------------------------
Egan-Jones Ratings Company, on June 19, 2017, raised the local
currency and foreign currency senior unsecured ratings on debt
issued by KEMET Corp. to CCC from CC.  EJR also raised the rating
on commercial paper issued by the Company to C from D.

KEMET Corporation was set up in 1919 and now is based in
Simpsonville, South Carolina. The company produces many kinds of
capacitors, such as tantalum, aluminum, multilayer ceramic, film,
paper, polymer electrolytic, and supercapacitors.


KING'S PEAK: Hires Burdick & Associates as Accountants
------------------------------------------------------
King's Peak Energy, LLC, seeks authority from the US Bankruptcy
Court for the District of Colorado, to employ Burdick & Associates
P.C. as its accountants.

The Debtor requires Burdick to:

     (a) complete the 2016 calculations of the Debtor's Asset
Retirement Obligations and depletion required for the Debtor's 2016
financial statements;

     (b) prepare the Debtor's 2016 tax returns;

     (c) provide general accounting advice;

     (d) provide advice on tax issues relating to any plan of
reorganization which may be proposed by the Debtor; and

     (e) provide advice on fresh start accounting when the Debtor
confirms a plan of reorganization.

Burdick will charge the Debtor $2,000 for the 2016 Calculations and
$3,750 to prepare the 2016 tax returns.

Cindy McBrook attests that Burdick is a "disinterested person" as
defined in 11 U.S.C. Sec. 101(14).

The Firm can be reached through:

     Cindy McBroom, CPA
     BURDICK & ASSOCIATES P.C.
     8390 E. Crescent Parkway, Suite 110
     Greenwood Village, CO 80111-2812
     Phone: (303) 813-1380
     Fax: (303) 813-1386
      
                     About King's Peak Energy

King's Peak Energy, LLC is a corporation entity based in Lakewood,
Colorado and named as a lessee in 27 oil and gas leases. The Debtor
filed a Chapter 11 petition (Bankr. D. Colo Case No. 17-16046) on
June 29, 2017. The Chapter 11 petition was signed by Fred Soliz,
manager/member.  The Hon. Elizabeth E. Brown presides over the
case. The Debtor is represented by Andrew D. Johnson, Esq. and
Christian C. Onsager, Esq. of Onsager Fletcher Johnson LLC as
counsel.

At the time of filing, the Debtor estimated $10 million to $50
million in assets and liabilities.


KING'S PEAK: Taps Leaf River's Tiddens as CRO
---------------------------------------------
King's Peak Energy, LLC, seeks authority from the US Bankruptcy
Court for the District of Colorado, to employ F. Robert Tiddens and
Leaf River Resources Holdings, LLC, as chief restructuring
officer.

As Chief Restructuring Officer, Mr. Tiddens is expected to:

     a) review all aspects of field operations and the activities
of the contract operator;

     b) evaluate capex needs;

     c) set or adjust compensation for Fred Soliz, manager/member,
payable after the expiration of the Interim Order;

     d) set or adjust compensation for other employees of the
Debtor, if any;

     e) review the Debtor's books and records;

     f) oversee the analysis and investigation of possible
recapitalization or merger options and the determination of whether
any such possibilities could reach fruition;

     g) pursue and oversee a sale process for the Debtor's assets
if Mr. Tiddens determines it is in the best interests of the
estate; and

     h) oversee whether a viable chapter 11 plan can be formulated
and, if so, assist in the confirmation process for such a chapter
11 plan.

At hearing on August 7, 2017 on the Debtor's motion for interim use
of cash collateral, the Debtor and Macquarie Bank Ltd. submitted a
Stipulated Second Interim Order Authorizing Debtor's Use of Cash
Collateral.  On August 8, 2017, the Court entered the Stipulated
Second Interim Order Authorizing Debtor's Use of Cash Collateral in
substantially the form as tendered.

The Interim Order provides that the Debtor's right to use Cash
Collateral shall terminate upon the earlier of (a) the failure of
John Teff to submit his written resignation as president of the
Debtor and as well any and all other managerial control or
authority as to the Debtor before August 9, 2017, (b) the failure
of the Debtor to move before August 16, 2017 for appointment of a
Chief Restructuring Officer, acceptable to MBL, with delegated
authority to oversee and pursue a sale process and/or to oversee
the Debtor’s reorganization efforts. The written resignation of
Mr. John Teff from all positions with the Debtor was timely
tendered on August 9, 2017.

Mr. Tiddens will be compensated for his services on an hourly basis
at $300 per hour and will be reimbursed in the ordinary course for
actual and necessary expenses he incurs.

F. Robert Tiddens attests that he is a "disinterested person" as
defined in 11 U.S.C. Sec. 101(14).

The CRO can be reached through:

     F. Robert Tiddens
     Leaf River Resources Holdings, LLc
     558 Castle Pines Pkwy. Ste. B4-363
     Castle Rock, CO 80108
     Tel: (303) 779-3681
     VOIP: (303) 689-9450

                   About King's Peak Energy

King's Peak Energy, LLC is a corporation entity based in Lakewood,
Colorado and named as a lessee in 27 oil and gas leases. The Debtor
filed a Chapter 11 petition (Bankr. D. Colo. Case No. 17-16046) on
June 29, 2017. The Chapter 11 petition was signed by Fred Soliz,
manager/member.  The Hon. Elizabeth E. Brown presides over the
case.  The Debtor is represented by Andrew D. Johnson, Esq., and
Christian C. Onsager, Esq., at Onsager Fletcher Johnson LLC.

At the time of filing, the Debtor estimated $10 million to $50
million in assets and liabilities.


LAYFIELD & BARRETT: Taps Havkin & Shrago as Legal Counsel
---------------------------------------------------------
Layfield & Barrett, APC seeks approval from the U.S. Bankruptcy
Court for the Central District of California to hire legal counsel
in connection with its Chapter 11 case.

The Debtor proposes to employ Havkin & Shrago to, among other
things, give legal advice regarding its duties under the Bankruptcy
Code; negotiate with creditors regarding payment of their claims;
and assist in the preparation of a plan of reorganization.

Stella Havkin, Esq., and Renee Linares, Esq., the attorneys who
will be handling the case, will charge $495 per hour and $395 per
hour, respectively.

The Debtor has agreed to pay the firm a retainer in the sum of
$75,000.

Havkin & Shrago does not hold or represent any interest adverse to
the Debtor's estate, according to court filings.

The firm can be reached through:

     Stella Havkin, Esq.
     Havkin & Shrago, Attorneys at Law
     20700 Ventura Boulevard, Suite 328
     Woodland Hills, CA 91364
     Phone: (818) 999-1568
     Fax: (818) 305-6040
     Email: stella@havkinandshrago.com

                  About Layfield & Barrett APC

Certain creditors of Layfield & Barrett, APC filed an involuntary
Chapter 7 case on August 3, 2017.  The Debtor moved for conversion
of the case to one under Chapter 11 of the Bankruptcy Code.  On
August 11, 2017, the case was converted to a Chapter 11 case
(Bankr. C.D. Calif. Case No. 17-19548).   

Judge Neil W. Bason presides over the case.


LEO MOTORS: Reports $3.1 Million Net Loss for Second Quarter
------------------------------------------------------------
Leo Motors, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q reporting a net loss of US$3.08
million on US$433,992 of revenues for the three months ended June
30, 2017, compared to a net loss of US$869,378 on US$806,456 of
revenues for the same period during the prior year.

For the six months ended June 30, 2017, the Company reported a net
loss of US$5.46 million on US$832,943 of revenues compared to a net
loss of US$1.32 million on US$1.55 million of revenues for the six
months ended June 30, 2016.

The Company had a gross profit (loss) of US$(171,141) for the three
months ended June 30, 2017, compared to a gross profit of
US$116,382 for the same period in 2016.  The decrease in gross
profit was due to the technology and development costs from LGM and
Leo AIC.

The Company had a gross profit (loss) of US$41,474 for the six
months ended June 30, 2017, compared to a gross profit of
US$571,074 for the same period in 2016.  The decrease in gross
profit was due to the technology and development costs from LGM and
Leo AIC.

Total operating expenses for the three months ended June 30, 2017,
were US$3,108,804 compared to the operating cost for the three
months ended June 30, 2016 of US$1,008,491.  For the six months
ended June 30, 2017, operating expense was US$5,614,273 compared to
US$1,917,351 for the six months ended June 30, 2016.  The increase
was due to the increase of operating costs from Leo AIC.

As of June 30, 2017, Leo Motors had US$7.07 million in total
assets, US$9 million in total liabilities and a total deficit of
US$1.92 million.  The Company has cash of US$448,744 at June 30,
2017.

"Our liquidity and capital resources are limited," the Company said
in the report.  "Accordingly, our ability to initiate our plan of
operations and continue as a going concern is currently dependent
on our ability to either generate significant new revenues or raise
external capital through additional borrowing or the sale of
additional equity."

The Company's total current assets at June 30, 2017, were
US$3,458,989 and total current liabilities were US$8,246,266.
Significant losses from operations have been incurred since
inception and there is an accumulated deficit of US$34,341,015 as
of June 30, 2017.  Continuation as a going concern is dependent
upon attaining capital to achieve profitable operations while
maintaining current fixed expense levels.

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

                     https://is.gd/wduLAj

                        About Leo Motors

Headquartered in Hanam City, Gyeonggi-do, Republic of Korea, Leo
Motors, Inc., a Nevada corporation, is engaged in the research and
development of multiple products, prototypes and conceptualizations
based on proprietary, patented and patent pending electric power
generation, drive train and storage technologies.  In 2011, the
Company determined its investment in Leo B&T Inc. an investment
account was impaired and recorded an expense of AUD4.5 million.
During the 2012 year the Company had a net non operating income
largely from the result of the forgiveness of debt for AUD1.3
million.

Leo Motors reported a net loss of US$6.41 million for the year
ended Dec. 31, 2016, a net loss of US$4.49 million in 2015, and a
net loss of US$4.48 million in 2014.  

DLL CPAs LLC issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016.
The Company has suffered recurring losses from operations and
negative cash flows from operations the past two years.  These
factors raise substantial doubt about its ability to continue as a
going concern.


LEWER LIFE: A.M. Best Affirms B(fair) Financial Strength Rating
---------------------------------------------------------------
A.M. Best has revised the outlooks to positive from stable and
affirmed the Financial Strength Rating of B (Fair) and the
Long-Term Issuer Credit Ratings of "bb+" of Lewer Life Insurance
Company (Lewer Life) (Kansas City, MO).

The revised outlooks reflect Lewer Life's long and established
niche in the student health insurance marketplace, evolving
business strategy and improved operating results. Lewer Life has
demonstrated flexibility, innovation and the ability to respond to
rapidly changing markets and regulations. As a result of the
pressures imposed by the Patient Protection and Affordable Care Act
(ACA) on the international student health insurance market, Lewer
Life strategically exited from its relationship with a single
carrier and negotiated an arrangement with two carriers offering
ACA-exempt products to help mitigate concentration and regulatory
risks. However, there may be challenges with future premium growth
due to competitive pressures and an expected decline in foreign
student population. In recent years, Lewer Life has undertaken
business diversification initiatives, including the assumption of
dental and vision premiums from another carrier. The company has
reported continued premium growth through a combination of
marketing efforts and increased international student populations
at existing client schools. Lewer Life reported a historically high
level of net income and capital growth, and maintained strong
risk-adjusted capitalization in 2016.

Partially offsetting rating factors include a relatively small
level of absolute capital, a significant dependence on reinsurance
and a concentration in international student health insurance
business.


LIQUIDMETAL TECHNOLOGIES: Appoints Tony Chung to Board
------------------------------------------------------
Liquidmetal Technologies, Inc., elected Mr. Tony Chung as a
director of the Company.  In connection with his appointment to the
Board of Directors, Mr. Chung resigned as chief financial officer
of the Company, and Mr. Bryce Van, former corporate controller, was
appointed as vice president of finance and will serve as the
Company's principal financial and accounting officer.

Mr. Chung has not been named to any committee of the Board.  As a
non-employee director, Mr. Chung will be compensated in accordance
with the Company's compensation policies for non-employee
directors.  In addition, Mr. Chung will be eligible to receive
stock options and other equity-based awards under the Company's
equity incentive plan, although no such grant is currently
contemplated.

Mr. Chung served as Liquidmetal's chief financial officer for
nearly 10 years.  During this time, he served a critical role in
ensuring that the Company had adequate funding for operations and
helped lead the Company to fulfill its vision as the leader of
amorphous alloy technology.

"Tony's expertise in the legal and financial realms has helped
propel the Company for many years.  We value his experience and are
delighted to know that he will continue to contribute to
Liquidmetal's future success as a member of our Board of
Directors," said Professor Lugee Li, Chairman and CEO.

"Now that the Company has a secure financial foundation, the time
is right for me to transition to our Board of Directors, allowing
me to spend more time with my family and on other meaningful
ventures.  But I remain fully committed to realizing the uncommon
potential of Liquidmetal.  I look forward to greeting our customers
and investors at our upcoming Open House on October 17 as a member
of our Board of Directors," said Mr. Chung.

Bryce Van has been a key member of Liquidmetal's leadership team,
serving as corporate controller for the last four years.  "Bryce
has impressed me with his understanding of the strong financial
discipline we need for the next phase of our Company's development:
Growing revenue and generating profits.  I have great confidence in
him," said Professor Li.

Mr. Van receives a base annual salary of $210,000 and is eligible
for future discretionary bonuses and equity grants under the
Company's equity incentive plan.  Mr. Van does not have a written
employment agreement with the Company.
  
                      Separation Agreement

On Aug. 16, 2017, Mr. Chung entered into a separation agreement and
general release with the Company pursuant to which Mr. Chung
resigned as an officer and employee of the Company.  The Separation
Agreement provides for the payment of severance compensation to Mr.
Chung in the form of a continuation of his base annual salary of
$240,000 (subject to tax withholdings) for a period of 12 months
and reimbursement for COBRA healthcare coverage for a period of 12
months.  In addition, it provides for the accelerated vesting of
247,650 of the 2,455,601 unvested stock options held by Mr. Chung
as of the separation date and the extension of the exercise period
of his options until the earlier of the first anniversary of the
date of the Separation Agreement or the date on which such options
would otherwise expire and terminate in accordance with their terms
if Mr. Chung had not resigned.  This results in a total of
2,889,749 stock options being exercisable by Mr. Chung as of the
separation date.  Under the Separation Agreement, Mr. Chung agreed
to be available to provide assistance to the Company by telephone
with no additional consideration for ninety days following the
separation date.  In connection with the Separation Agreement, Mr.
Chung granted the Company general releases subject to customary
exceptions.

                  About Liquidmetal Technologies

Lake Forest, California-based Liquidmetal Technologies, Inc. --
http://www.liquidmetal.com/-- is the leading developer of products
manufactured with bulk amorphous alloys.  Amorphous alloys are
unique materials that are distinguished by their ability to be
injection molded and die cast into high performance applications
from a broad range of markets.

Liquidmetal reported a net loss and comprehensive loss attributable
to the Company's shareholders of $18.74 million on $480,000 of
total revenue for the year ended Dec. 31, 2016, compared with a net
loss and comprehensive loss attributable to the Company's
shareholders of $7.31 million on $125,000 of total revenue for the
year ended Dec. 31, 2015.  

As of June 30, 2017, Liquidmetal had $57.93 million in total
assets, $5.02 million in total liabilities and $52.90 million in
total shareholders' equity.


MAX SOUTH CONSTRUCTION: Nov. 20 Chapter 727 Claims Bar Date Set
---------------------------------------------------------------
Max South Construction, Inc., filed a Petition commencing an
Assignment for the Benefit of Creditors proceeding, pursuant to
Chapter 727, Florida Statutes, on July 21, 2017.

Max South, as assignor, has its principal place of business at
13203 Northeast 16 Avenue, Miami, Florida 33161.

Philip J. Von Kahle is the assignee.

Pursuant to Section 727.105, Fla. Stat., no proceeding may be
commenced against the Assignee except as provided in Chapter 727,
and excepting the case of a consensual lienholder enforcing its
rights in personal property or real property collateral, there
shall be no levy, execution, attachment or the like, in connection
with any judgment or claim against assets of the Estate, in the
possession, custody or control of the Assignee.

To receive any dividend in this proceeding, interested parties must
file proofs of claim on or before Nov. 20, 2017, with the Assignee
at:

    Philip J. Von Kahle
    Michael Moecker & Associates, Inc.
    1883 Marina Mile Boulevard, Suite 106
    Fort Lauderdale, Florida 33315

The case is, In re: ASSIGNMENT FOR THE BENEFIT OF CREDITORS OF MAX
SOUTH CONSTRUCTION, INC., Assignor, TO: PHILIP J. VON KAHLE,
Assignee, Case No. 2017-017425-CA-44, IN THE CIRCUIT COURT OF THE
11TH JUDICIAL CIRCUIT IN AND FOR MIAMI-DADE COUNTY, FLORIDA,
COMPLEX LITIGATION DIVISION.


MICHAELS STORES: Egan-Jones Assigns BB- Sr. Unsec. Debt Ratings
---------------------------------------------------------------
Egan-Jones Ratings Company, on June 16, 2017, assigned BB- local
currency and foreign currency senior unsecured ratings on debt
issued by Michaels Stores Inc.

Michaels Stores, Inc. is a North American arts and crafts retail
chain.


MIDROX INSURANCE: A.M. Best Hikes Financial Strength Rating
-----------------------------------------------------------
A.M. Best has upgraded the Financial Strength Rating to B+ (Good)
from B (Fair) and the Long-Term Issuer Credit Rating to "bbb-" from
"bb+" of Midrox Insurance Company (Midrox) (Roxbury, NY). The
outlooks of these Credit Ratings (ratings) have been revised to
stable from positive.

The rating upgrades are based on the company's continuing solid
level of risk-adjusted capitalization coupled with steady surplus
growth, and underwriting and operating results which have improved
to become more in line with its peer group. Although underwriting
performance has fluctuated, pre-tax operating profits have been
reported in four of the past five years, including 2016, as well as
five-year averages that are comparable to the personal property
composite. Additionally, the balance sheet remains strong as
demonstrated with surplus that has nearly doubled over the past 10
years, sound liquidity measures, redundant loss reserve development
and a quality investment portfolio. Surplus growth continued
through second quarter 2017 and although surplus is relatively
small, the company maintains a comprehensive reinsurance program to
mitigate volatility to surplus from severe weather-related losses.

These positive rating factors are partially offset by Midrox's
concentration of risk in New York which can expose results to
weather-related events, as well as regulatory and judicial
challenges, an elevated expense ratio primarily driven by the
commission expense ratio and high common stock leverage when
compared to the composite average.


NC MUTUAL: A.M. Best Lowers Financial Strength Rating to C+
-----------------------------------------------------------
A.M. Best, in June 2017, downgraded the Financial Strength Rating
to C+ (Marginal) from C++ (Marginal) and the Long-Term Issuer
Credit Rating to "b-" from "b+" of North Carolina Mutual Life
Insurance Company (NCM) (Durham, NC). The outlook of these Credit
Ratings (ratings) remains stable. Concurrently, A.M. Best has
withdrawn the ratings as the company has requested to no longer
participate in A.M. Best's interactive rating process.

The ratings reflect NCM's significant decline in absolute capital
and risk-based capital primarily due to operating performance.

Over the past few years, the company has been shifting its business
model to a more fee-based profit stream through operating as a
general agency and collecting administrative service fees, while
de-emphasizing insurance-related risks. Strategically, the company
has been reducing its fixed expenses (general and administrative)
through investment in technology, headcount reduction and reducing
the associated leasing expense for its home office. Although A.M.
Best recognizes the overall strategy of increasing revenue and
profits, and limiting risk, as it grows the business as a general
agency, NCM has a limited business profile with a market defined by
the niche it serves.

NCM has a well-established position and reputation in the
African-American insurance market, which it has serviced since its
inception in 1898. A.M. Best believes NCM has limited growth
opportunities operating as an insurer with risk retention, as it
continues to focus on its core target market and its operation as a
general agency.


NEPHROS INC: Has $1M Revolving Credit Facility With Tech Capital
----------------------------------------------------------------
Nephros, Inc., entered into a loan and security agreement with Tech
Capital, LLC on Aug. 17, 2017, which provides for a senior secured
asset-based revolving credit facility of up to $1,000,000, which
the Company may draw upon from time to time during the term of the
Loan Agreement.  On Aug. 17, 2017, at the Company's request, the
Lender advanced the Company the sum of $500,000 pursuant to the
Credit Facility.  The Company intends to use the proceeds from
loans under the Credit Facility for working capital and general
corporate purposes.

The Loan Agreement has a basic term of 12 months, which will
automatically renew for successive 12-month periods.  However, the
Company may terminate the Loan Agreement at any time upon 30 days'
written notice to the Lender.  The Lender may terminate the Loan
Agreement at any time upon 90 days' written notice to the Company,
or immediately following an event of default.  All amounts
outstanding under the Credit Facility are due and payable upon any
such termination of the Loan Agreement.

Availability under the Credit Facility will be based upon periodic
borrowing base certifications valuing certain of the Company's
accounts receivable and inventory. Outstanding borrowings under the
Credit Facility accrue interest, which will be payable monthly
based on the average daily outstanding balance, at a rate equal
3.5% plus the prime rate (as published in the Wall Street Journal)
per annum, provided that such prime rate will not be less than
4.25% per annum.  However, the minimum monthly interest payments
required under the Loan Agreement will be at least $1,000.  In
addition, the Company is required to pay to the Lender on the date
of the Loan Agreement and each anniversary thereof while there
remain outstanding amounts under the Credit Facility a loan fee in
the amount of 0.60% of the maximum amount of credit available under
the Credit Facility.  The Company may prepay all obligations under
the Credit Facility at any time, provided that if such prepayment
occurs during the first six months of the initial term or any
renewal term, then the Company is required to pay an additional fee
equal to the Minimum Monthly Interest multiplied by the number of
months remaining in such initial or renewal term.

The Company also granted to the Lender a first priority security
interest in its assets, including its accounts receivable and
inventory, to secure all of its obligations under the Credit
Facility.  In addition, Nephros International Limited, the
Company's wholly-owned subsidiary, unconditionally guaranteed the
Company's obligations under the Credit Facility.

The Loan Agreement contains customary affirmative covenants, such
as financial statement reporting requirements, monthly reports
regarding accounts receivable and inventory and such other
financial information reasonably requested by Lender.  The Loan
Agreement also contains customary covenants that limit the ability
of the Company and its subsidiaries to, among other things, merger
into or consolidate with another entity, sell its assets other than
in the ordinary course of its business, change its state of
incorporation, guarantee or otherwise become liable for obligations
of any third party, or grant or permit to exist any other security
interest or lien in any of the Company's assets.

The Loan Agreement contains customary events of default, such as
the failure to pay obligations when due, the Company's failure to
perform its obligations under the Loan Agreement, initiation of
bankruptcy or insolvency proceedings, making prohibited payments on
subordinated indebtedness and defaults on certain other
indebtedness.  Upon an event of default, the Lender may, subject to
customary cure rights, require the immediate payment of all amounts
outstanding under the Credit Facility.  In addition, during the
occurrence of an event of default, outstanding amounts will bear
interest at an additional 4.0% per annum in excess of the interest
rate otherwise applicable.

                     About Nephros, Inc.

River Edge, N.J.-based Nephros, Inc. -- http://www.nephros.com/--
is a commercial stage medical device company that develops and
sells high performance liquid purification filters.  Its filters,
which it calls ultrafilters, are primarily used in dialysis centers
and healthcare facilities for the production of ultrapure water and
bicarbonate.

Nephros reported a net loss of $3.03 million on $2.32 million of
total net revenues for the year ended Dec. 31, 2016, compared with
a net loss of $3.08 million on $1.94 million of total net revenue
for the year ended Dec. 31, 2015.  As of June 30, 2017, Nephros had
$2.84 million in total assets, $2.05 million in total liabiities
and $783,000 in total stockholders' equity.

Moody, Famiglietti & Andronico, LLP, in Tewksbury, MA, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016.  It said, "[T]he
Company has incurred negative cash flow from operations and
recurring net losses.  These conditions, among others, raise
substantial doubt about its ability to continue as a going
concern."


NORTH CENTRAL FLORIDA: Plan Outline Hearing Set for Sept. 7
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Florida is
set to hold a hearing on September 7 to consider approval of the
disclosure statement, which explains the Chapter 11 plan of
reorganization for The North Central Florida YMCA, Inc.

The hearing will take place at 10:45 a.m., (Eastern Time), at the
U.S. Courthouse, Courtroom 3, Third Floor, 401 S.E. First Avenue,
Gainesville, Florida.  Objections are due by August 31.

The plan proposes to pay to each creditor holding an allowed Class
5 general unsecured claim a pro-rata distribution on January 31,
2018, of at least 25% of the net profit for the time frame of
January 1 to December 31, 2017.

Additionally, the plan will pay to each general unsecured creditor
a pro-rata distribution on January 31, 2019, of at least 25% of the
net profit for the time frame of January 1 to December 31, 2018.

The company will pay creditors from income generated through the
operation of its business, according to its disclosure statement.
A copy of the disclosure statement is available for free at
https://is.gd/Q7mvSi

              About The North Central Florida YMCA

The North Central Florida YMCA, Inc., based in Gainesville,
Florida, filed a Chapter 11 petition (Bankr. N.D. Fla. Case No.
16-10293) on Dec. 14, 2016.  The petition was signed by Michele F.
Martin, vice-chair.  The Debtor disclosed $3.49 million in assets
and $4.30 million in liabilities.

The Debtor is represented by the Law Offices of Jason A. Burgess,
LLC.  The case is assigned to Judge Karen K. Specie.  

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

On August 3, 2017, the Debtor filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization.


NORTHWEST DENTISTS: A.M. Best Hikes Rating From 'B(fair)'
---------------------------------------------------------
A.M. Best, on August 2, 2017, removed from under review with
positive implications and upgraded the Financial Strength Rating to
B++ (Good) from B (Fair) and the Long-Term Issuer Credit Rating to
"bbb" from "bb+" of Northwest Dentists Insurance Company (NORDIC)
(Bothell, WA) and Dentists Benefits Insurance Company (DBIC)
(Portland, OR). The outlook assigned to these Credit Ratings
(ratings) is stable.

These rating actions follow the February 2017 acquisition of NORDIC
and DBIC by The Dentists Insurance Company (TDIC), which is an
indirect subsidiary of the California Dental Association. The
ratings are based upon NORDIC's and DBIC's relatively strong
balance sheets and expertise in providing medical professional
liability, commercial multi-peril and other liability coverages to
dentists, primarily in Washington and Oregon. The acquisition is
expected to provide these companies with greater stability and
focus in line with TDIC's business plan and strategic direction.
The acquisition also provides TDIC greater geographic
diversification, and the integration of NORDIC and DBIC into TDIC's
operations eventually will produce greater synergy among the
companies. Partially offsetting the positive rating factors are the
companies' limited business profiles and historically volatile
earnings performance.


NOTIS GLOBAL: Ned Siegel Becomes Executive Chairman
---------------------------------------------------
In anticipation of the possibility of certain changes in the
composition of Notis Global, Inc.'s Board of Directors and its
executive team, the Company's Board, at a special meeting held on
July 28, 2017, named Ned Siegel, its long-standing non-executive
Chairman of the Board, as its executive chairman for the four-month
period that expires on Nov. 30, 2017.

Thereafter, effective Aug. 16, 2017, Clint Pyatt, who served as the
Company's president and one of its directors, resigned from those
positions in connection with the Company's agreement of that date
with, among others, Mr. Pyatt, its then-51%-owned subsidiary, PCH
Investment Group, Inc., of which he was an executive officer,
director, and a principal.

In addition, on Aug. 11, 2017, Jeff Goh, who served as the
Company's chief executive officer and one of its directors tendered
his resignation.  Mr. Goh is a former director and executive
officer of PCH and, as of the date of his resignation, remained an
owner of one-third of the outstanding capital stock of PCH.  Prior
to the tendering of his resignation, Mr. Goh and one of the members
of the Company's Board's special committee had engaged in certain
conversations in respect of Mr. Goh's future with the Company or
the methods by which he might exit from his positions with the
Company.  As a result of those conversations ultimately not coming
to a mutually satisfactory conclusion, Mr. Goh tendered his
resignation from all positions with the Company.

"We believe that Mr. Goh's resignations as an executive officer and
a director was caused, in whole or in part, by his belief that he
was no longer permitted to fulfill his position as our chief
executive officer and his concern that he was not being compensated
in a manner consistent with his understandings of our obligations
to him," the Company said in a Form 8-K report filed with the
Securities and Exchange Commission.  "As noted in the resignation
letter that he provided us, Mr. Goh has filed a wage claim with the
Department of Industrial Relations, Division of Labor Standards
Enforcement."

                       About Notis Global

Headquartered in Los Angeles, Notis Global, Inc., provides
specialized services to the hemp and marijuana industry.  The
Company enters into joint ventures and operating and management
agreements with its partners and conducts consulting services for
its clients.  The Company also acts as a distributor of hemp
products processed by its contract partners.  Furthermore, the
Company owns and manages real estate used by its contract partners
for cultivation centers and dispensaries.

As of June 30, 2016, Notis Global had $7.14 million in total
assets, $24.54 million in total liabilities, and a total
stockholders' deficit of $17.39 million.  Notis Global reported a
net loss of $50.44 million in 2015 following a net loss of $16.54
million in 2014.

Marcum LLP, in Los Angeles, CA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has a significant
working capital deficit and an accumulated deficit as of Dec. 31,
2015, and has incurred a significant net loss and negative cash
flows from operations for the years ended Dec. 31, 2015, and 2014.
The foregoing matters raise substantial doubt about the Company's
ability to continue as a going concern.


NOTIS GLOBAL: Unwinds Acquisition of PCH Investment
---------------------------------------------------
Notis Global, Inc. filed with the Securities and Exchange
Commission a current report on Form 8-K on March 27, 2017, to
announce a series of events, the earliest being the March 21, 2017,
series of related transactions, pursuant to which the Company
indirectly acquired 51% of the then-issued and outstanding shares
of capital stock of PCH Investment Group.  Subsequently, it became
clear to the Company that the acquisition transaction and the
then-prospective, anticipated benefits were not going to manifest
themselves in a timely manner and in the magnitude that it had
originally anticipated.

Accordingly, through a Settlement Agreement and Mutual General
Release, with an effective date of Aug. 16, 2017, the Company
"unwound" the acquisition and entered into a series of mutual
releases with, among others, PCH, Clinton Pyatt, and, Jeffrey Goh,
but solely in connection with his status as an equity holder of
PCH.

A full-text copy of the Settlement Agreement and Mutual General
Release is available for free at https://is.gd/wDgs2C

                      About Notis Global

Headquartered in Los Angeles, Notis Global, Inc., provides
specialized services to the hemp and marijuana industry.  The
Company enters into joint ventures and operating and management
agreements with its partners and conducts consulting services for
its clients.  The Company also acts as a distributor of hemp
products processed by its contract partners.  Furthermore, the
Company owns and manages real estate used by its contract partners
for cultivation centers and dispensaries.

As of June 30, 2016, Notis Global had $7.14 million in total
assets, $24.54 million in total liabilities, and a total
stockholders' deficit of $17.39 million.  

Notis Global reported a net loss of $50.44 million in 2015
following a net loss of $16.54 million in 2014.

Marcum LLP, in Los Angeles, CA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has a significant
working capital deficit and an accumulated deficit as of Dec. 31,
2015, and has incurred a significant net loss and negative cash
flows from operations for the years ended Dec. 31, 2015, and 2014.
The foregoing matters raise substantial doubt about the Company's
ability to continue as a going concern.


OCEAN RIG: U.S. Court Formally Recognizes Cayman Proceedings
------------------------------------------------------------
Ocean Rig UDW Inc. (NASDAQ:ORIG), an international contractor of
offshore deepwater drilling services, on Aug. 25, 2017, announced
the U.S. Bankruptcy Court has issued a memorandum opinion and an
order granting recognition of the provisional liquidation and
scheme of arrangement proceedings of the Company and its
subsidiaries, Drill Rigs Holdings Inc. ("DRH"), Drillships
Financing Holding Inc. ("DFH"), and Drillships Ocean Ventures Inc.,
pending in the Grand Court of the Cayman Islands as foreign main
proceedings, and of the Joint Provisional Liquidators (the "JPLs")
as the foreign representatives of the Scheme Companies in the
United States.

Creditors' meetings were held for the Scheme Companies in the
Cayman Islands on Aug. 11, 2017 and the scheme of arrangement
proposed by each Scheme Company obtained an overwhelming level of
support from affected creditors.  The DFH, DOV and DRH Schemes each
obtained the approval of 100% of the creditors voting on those
Schemes and the UDW Scheme obtained the approval of 98.51% of the
creditors voting on that Scheme. Only five funds managed by
Highland Capital Management LP opposed the UDW Scheme. Hearings
will be held on Sept. 4 to 6, 2017 at which the Cayman Court will
consider whether to approve the Schemes (the "Sanction Hearing").
If the Schemes are approved by the Cayman Court, the U.S.
Bankruptcy Court will conduct a hearing on 20 September 2017 to
consider the entry of an order giving full force and effect to the
Schemes in the United States (the "Enforcement Order").

The Schemes affect only financial indebtedness.  Operations will
continue unaffected.  Trade creditors and vendors will continue to
be paid in the ordinary course of business and will not be affected
by any of the Schemes.  If the Schemes are sanctioned, the Scheme
Companies will be substantially deleveraged through an exchange of
approximately $3.7 billion principal amount of debt for (i) new
equity of the Company, (ii) approximately $288 million of cash, and
(iii) $450 million of new secured debt.

George Economou, Chairman and CEO, commented, "We are delighted
that the U.S. Bankruptcy Court has seen fit to grant recognition of
our restructuring efforts in the Cayman Islands. We are looking
forward to the Sanction Hearings in early September."

Simon Appell, on behalf of the JPLs of the Scheme Companies
commented, "Recognition by the U.S. Bankruptcy Court of the
provisional liquidation and scheme of arrangement proceedings was
an important milestone.  The JPLs are pleased that the
restructuring is progressing on schedule."

A copy of the Explanatory Statement, which contains the Schemes,
and other relevant documentation, as well as copies of all
pleadings and information regarding the Enforcement Hearing,
including deadlines for parties to object to the relief requested
at the Enforcement Hearing, have been made available through the
website of Prime Clerk LLC, the Scheme Companies' Information Agent
at https://cases.primeclerk.com/oceanrig

                         About Ocean Rig

Ocean Rig UDW Inc. (NASDAQ: ORIG)  -- http://www.ocean-rig.com/--
is an international offshore drilling contractor providing oilfield
services for offshore oil and gas exploration, development and
production drilling, and specializing in the ultra-deepwater and
harsh-environment segment of the offshore drilling industry.

On March 24, 2017, the Debtors filed winding up petitions with the
Cayman Court and issued summonses for the appointment of joint
provisional liquidators for the purpose of the Restructuring.  By
orders of the Cayman Court dated March 27, 2017, Simon Appell and
Eleanor Fisher were appointed as the JPLs and duly authorized
foreign representatives, and the Cayman Provisional Liquidation
Proceedings were commenced.

Simon Appell and Eleanor Fisher of AlixPartners, LLP, in their
capacities, as the joint provisional liquidators and authorized
foreign representatives, filed for Chapter 15 protection for Ocean
Rig and its affiliates (Bankr. S.D.N.Y. Lead Case No. 17-10736) to
seek recognition of the Cayman proceedings.

The JPLs' U.S. counsel are Evan C. Hollander, Esq., and Raniero
D'Aversa Jr., Esq., at Orrick, Herrington & Sutcliffe LLP, in New
York.


OMEROS CORP: Continues to Pursue 'Art Doyle' Defamation Case
------------------------------------------------------------
Omeros Corporation stated that it continues to pursue legal action
to hold responsible those behind a series of defamatory reports
about the company posted online under the pseudonym "Art Doyle," an
entity or group that self-identifies as having a short position in
Omeros' stock.  Because of its ongoing legal action, including a
number of steps aimed at unmasking the identity of the individuals
responsible, Omeros elected not to respond to queries from a writer
for statnews.com who evidently had early access to and commented
through Twitter on the initial "Art Doyle" false report before it
was broadly made public.

While, for the reason stated above, Omeros will not engage in a
running dialogue with this writer, the company will respond this
one time to correct some of the inaccuracies in the statnews.com
story.  Correct information is and has been publicly available to
any individual wishing to obtain accurate background material.

   * The Superior Court of Washington for King County determined
there was a likelihood that Omeros would prevail on its defamation
claim against the "Art Doyle" entity(ies) and granted a motion for
preliminary injunction requiring removal of the defamatory reports
and prohibiting posting of further defamatory statements.

   * As of June 30, 2017, 54 patients had been enrolled in OMS721
Phase 2 clinical trials.  Since then, the enrollment number has
continued to increase.  Presentations of OMS721 clinical data at
international scientific meetings span February 2017 through June
2017.  These presentations are directed to     respective groups of
patients and are not intended to reflect total patient counts.  In
addition, like most biopharmaceutical companies, Omeros does not
routinely release all clinical data as they are generated.

   * As noted in the company's press release dated Aug. 4, 2017,
more than 150 subjects had been dosed with OMS721, and that number
continues to increase.

   * On March 16, 2017, Omeros publicly announced that enrollment
had opened for its Phase 3 clinical trial evaluating OMS721 in
patients with atypical hemolytic uremic syndrome, or aHUS.  In
connection with this study and consistent with regulations
governing clinicaltrials.gov postings, a clinicaltrials.gov filing
was made by the company on April 17, 2017.  This date, as recorded
by the website administrators at the National Institutes of Health,
is found on the clinicaltrials.gov summary for this Phase 3 trial.

   * The estimated completion date of the aHUS Phase 3 clinical
trial for approximately 80 patients is listed as 2020 on
clinicaltrials.gov.  The posting on clinicaltrials.gov also clearly
states that an interim analysis will be conducted following
treatment of approximately 40 patients for potential submission for
regulatory approval.  This is consistent with Omeros' publicly
available statements that, based on discussions with both FDA and
the European Medicines Agency, the company received guidance from
those regulatory bodies that 40 patients may be sufficient for
accelerated approval in the U.S. and for full approval in Europe.

   * As noted in the company's press release in February 2014,
subjects in Omeros' Phase 1 trial were dosed subcutaneously at
increasing dose levels, with both subcutaneous and intravenous
administration resulting in sustained and high degrees of lectin
pathway inhibition.  Since then, several cohorts of subjects have
been administered repeated subcutaneous doses of OMS721, yielding
comprehensive pharmacokinetic/pharmacodynamic (PK/PD) data.

   * Intravenous loading followed by subcutaneous maintenance
dosing in the aHUS Phase 3 clinical trial is based on those
comprehensive PK/PD data. According to the FDA medical review,
Alexion similarly used pharmacokinetic modeling to determine the
dosing regimen for eculizumab (Soliris) in the aHUS indication.

   * Omeros, for competitive reasons and consistent with common
practice in the industry, has not released any PK/PD data.

   * Following submission of a request for breakthrough therapy
designation based on Phase 2 clinical data in patients with
immunoglobulin A (IgA) nephropathy, Omeros received notification of
breakthrough designation for OMS721 in IgA
nephropathy in a letter from FDA dated June 8, 2017.  As publicly
disclosed, the Phase 3 clinical trial in this program is planned to
initiate later this year.

Omeros said it accurately reports the status and results of its
commercial, clinical and development programs and will continue its
practice of providing updates when appropriate.

                  About Omeros' MASP Programs

Omeros controls the worldwide rights to MASP-2 and all therapeutics
targeting MASP-2, a novel pro-inflammatory protein target involved
in activation of the complement system, which is an important
component of the immune system.  The complement system plays a role
in the inflammatory response and becomes activated as a result of
tissue damage or microbial infection.  MASP-2 is the effector
enzyme of the lectin pathway, one of the principal complement
activation pathways.  Importantly, inhibition of MASP-2 does not
appear to interfere with the antibody-dependent classical
complement activation pathway, which is a critical component of the
acquired immune response to infection, and its abnormal function is
associated with a wide range of autoimmune disorders. MASP-2 is
generated by the liver and is then released into circulation.
Adult humans who are genetically deficient in one of the proteins
that activate MASP-2 do not appear to be detrimentally affected by
the deficiency.  OMS721 is Omeros' lead human MASP-2 antibody.

Following discussions with both the FDA and the European Medicines
Agency, a Phase 3 clinical program for OMS721 in atypical hemolytic
uremic syndrome (aHUS) is in progress.  A second Phase 3 clinical
program for OMS721 has been initiated in immunoglobulin A (IgA)
nephropathy.  Also, two Phase 2 trials are ongoing. One is
continuing to enroll OMS721 in IgA nephropathy following an earlier
Phase 2 trial that generated positive data in patients with IgA
nephropathy and with lupus nephritis; the other is enrolling and
has reported positive data both in patients with hematopoietic stem
cell transplant-associated thrombotic microangiopathy (TMA).  A
third Phase 3 program could begin later this year in stem cell
transplant-associated TMA.  OMS721 can be administered both
intravenously and subcutaneously, and Omeros expects to
commercialize each formulation of OMS721 for different therapeutic
indications.  In parallel, Omeros is developing small-molecule
inhibitors of MASP-2.  Based on requests from treating physicians,
Omeros has established a compassionate-use program for OMS721,
which is active in both the U.S. and Europe.  The FDA has granted
OMS721 breakthrough therapy designation for IgA nephropathy, orphan
drug status for the prevention (inhibition) of complement-mediated
TMAs and for the treatment of IgA nephropathy, and fast track
designation for the treatment of patients with aHUS.

Omeros also has identified MASP-3 as responsible for the conversion
of pro-factor D to factor D and as a critical activator of the
human complement system's alternative pathway.  The alternative
pathway is linked to a wide range of immune-related disorders.  In
addition to its lectin pathway inhibitors, the company is advancing
its development of antibodies and small-molecule inhibitors against
MASP-3 to block activation of the alternative pathway.  Omeros is
preparing to initiate manufacturing scale-up of its MASP-3
antibodies in advance of clinical trials.

                      About Omeros Corp

Omeros Corporation -- http://www.omeros.com/-- is a
biopharmaceutical company committed to discovering, developing and
commercializing both small-molecule and protein therapeutics for
large-market as well as orphan indications targeting inflammation,
coagulopathies and disorders of the central nervous system.

Omeros reported a net loss of $66.74 million for the year ended
Dec. 31, 2016, compared to a net loss of $75.09 million for the
year ended Dec. 31, 2015.

As of June 30, 2017, Omeros had $60.35 million in total assets,
$115.20 million in total liabilities and a total shareholders'
deficit of $54.85 million.

Ernst & Young LLP, in Seattle, Washington, issued a "going concern"
opinion on the consolidated financial statements for the year ended
Dec. 31, 2016, noting that the Company has recurring losses from
operations and has a net capital deficiency that raise substantial
doubt about its ability to continue as a going concern.


OMINTO INC: Form 10-Q Delay Triggers Nasdaq Noncompliance
---------------------------------------------------------
Ominto, Inc. announced that on Aug. 22, 2017, it received a letter
from the Nasdaq Stock Market, indicating that the Company is not in
compliance with Nasdaq's continued listing requirements under the
timely filing criteria outlined in Listing Rule 5250(c)(1).  Such
non-compliance is a result of the Company having not timely filed
with the U.S. Securities and Exchange Commission, its quarterly
report on Form 10-Q for the quarter ended June 30, 2017.

The letter states that the Company must submit a plan no later than
Oct. 23, 2017, setting forth the actions it will take to regain
compliance with the Listing Rules for continued listing.  If Nasdaq
accepts such plan, the Company may be granted an exception of up to
180 calendar days from the date the Form 10-Q was due, or until
Feb. 12, 2018, to regain compliance.  The Company intends to submit
a plan to Nasdaq as soon as practicable, but in no event later than
Oct. 23, 2017.  The letter from Nasdaq has no immediate effect on
the listing of the Company's common stock on the Nasdaq Capital
Market.

                        About Ominto, Inc.

Ominto, Inc. -- http://inc.ominto.com/-- is a global e-commerce
leader and pioneer of online Cash Back shopping, delivering
value-based shopping and travel deals through its primary shopping
platform and affiliated Partner Program websites.  At DubLi.com or
at Partner sites powered by Ominto.com, consumers shop at their
favorite stores, save with the best coupons and deals, and earn
Cash Back with each purchase.  The Ominto.com platform features
thousands of brand name stores and industry-leading travel
companies from around the world, providing Cash Back savings to
consumers in more than 120 countries.  Ominto's Partner Programs
offer a white label version of the Ominto.com shopping and travel
platform to businesses and non-profits, providing them with a
professional, reliable web presence that builds brand loyalty with
their members, customers or constituents while earning commission
for the organization and Cash Back for shoppers on each
transaction.

Ominto reported a net loss of $10.30 million for the year ended
Sept. 30, 2016, compared to a net loss of $11.69 million for the
year ended Sept. 30, 2015.

As of March 31, 2017, Ominto had $68.62 million in total assets,
$48.03 million in total liabilities and $20.58 million in total
stockholders' equity.


OPTIMUMBANK HOLDINGS: Bank Chief Operating Officer Resigns
----------------------------------------------------------
Ari Bodner resigned as chief operating officer of OptimumBank, the
wholly-owned subsidiary bank of OptimumBank Holdings, Inc.  Mr.
Bodner's decision to resign was not the result of any disagreement
with the Bank or Company, according to a Form 8-K report filed with
the Securities and Exchange Commission.

                  About OptimumBank Holdings

OptimumBank Holdings, Inc., headquartered in Fort Lauderdale, Fla.,
is a one-bank holding company and owns 100% of OptimumBank, a state
(Florida)-chartered commercial bank.  The Company offers a wide
array of lending and retail banking products to individuals and
businesses in Broward, Miami-Dade and Palm Beach Counties through
its executive offices and three branch offices in Broward County,
Florida.  Effective April 16, 2010, the Bank consented to the
issuance of a consent order by the Federal Deposit Insurance
Corporation and the Florida Office of Financial Regulation.

OptimumBank reported a net loss of $396,000 for the year ended Dec.
31, 2016, following a net loss of $163,000 for the year ended Dec.
31, 2015.  As of June 30, 2017, OptimumBank Holdings had $112.75
million in total assets, $110.08 million in total liabilities and
$2.67 million in total stockholders' equity.

Hacker, Johnson & Smith PA, in Fort Lauderdale, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, stating that the
Company is in technical default with respect to its Junior
Subordinated Debenture.  The holders of the Debt Securities could
demand immediate payment of the outstanding debt of $5,155,000 and
accrued and unpaid interest, which raises substantial doubt about
the Company's ability to continue as a going concern.


PANDA TEMPLE: S&P Withdraws 'D' Corporate Credit Rating
-------------------------------------------------------
S&P Global Ratings said it withdrew its 'D' ratings on all Panda
Temple Power LLC's senior debt. S&P said, "We lowered our ratings
to 'D' in April 2017 because the project missed a debt service
payment due on March 31 and the forbearance agreement had expired.
The project has experienced cash flow issues as a result of the
continued weak market conditions and unfavorable wholesale power
prices in Electric Reliability Council of Texas. At this point, we
don't know when the project will emerge from bankruptcy, but it's
possible that the emergence could happen by the end of 2017 or
early 2018."



PENICK PRODUCE: Committee Seeks Ch. 11 Trustee Appointment
----------------------------------------------------------
The Official Unsecured Creditors' Committee appointed in the
Chapter 11 Case of Penick Produce Company, Inc., asks the U.S.
Bankruptcy Court for the Southern District of Mississippi to
convert the Debtor's case to a case under Chapter 7 of the
Bankruptcy Code, or, in the alternative, to appoint Chapter 11
Trustee.

The Debtor is currently operating its business operations as a
Debtor-in-Possession. The Debtor has obtained Orders from the Court
authorizing use of cash collateral. According to the Debtor's
budget attached to the cash collateral orders, the Debtor will
deplete at least $600,000 in cash during the month of August. The
Debtor's use of cash collateral will expire on September 7, 2017,
and there is also a hearing scheduled on September 7 for the Court
to consider extending use of cash collateral.

It is the Committee's understanding that the Debtor will be
considering a sale of assets and/or a DIP loan. In the event the
Debtor is not successful in its efforts to reorganize, the
Committee believes that liquidation of the estate's assets appears
to be sufficient to pay creditors, including unsecured creditors.
However, the Committee contends that a DIP loan may not be in the
best interest of the estate.

The Committee relates that the Equityholders of the Debtor are
managing the Debtor's operations. The Committee claims that the
Equityholders are attempting to maintain operations and seek a
recovery to protect their interest while depleting assets, thereby
placing the unsecured creditors at risk.

Accordingly, the Committee asserts that due to the Debtor's
substantial or continuing loss to or diminution of the estate and
the absence of a reasonable likelihood of rehabilitation, it would
be in the best interest of the estate and the unsecured creditors
for the case to be converted to Chapter 7. The Committee avers that
in the event it is determined that the Debtor may not be converted
to Chapter 7 because it is considered to be a farmer, then a
trustee should be appointed.

The Official Unsecured Creditors' Committee is represented by:

     Derek A. Henderson, Esq.
     1765-A Lelia Drive, Suite 103
     Jackson, MS 39216
     Phone: (601) 948-3167
     Email: derek@derekhendersonlaw.com

                   About Penick Produce Company

Founded in 1991, Penick Produce Co., Inc., is a small organization
in the fresh fruits and vegetable companies industry located in
Vardaman, Mississippi.

Penick Produce, Co., and affiliates Penick Business LP and Penick
LP sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. Miss. Lead Case No. 17-11522) on April 26, 2017.  The
petitions were signed by Robert A. Langston, president.

On May 1, 2017, the bankruptcy cases of Penick Business, L.P. (Case
No. 17-11523) and Penick, L.P. (Case No. 17-11524) were
administratively consolidated into the bankruptcy case of Penick
Produce Company, Inc. (Case No. 17-11522) by Court Order (Docket
No. 34).  

At the time of the filing, Penick Produce estimated assets at $10
million to $50 million and debt at $1 million to $10 million.

Judge Jason D. Woodard presides over the cases.

The Debtors are represented by Douglas C. Noble, Esq., at McCraney,
Montagnet, Quin & Noble, PLLC. The Debtors tapped Legacy Capital,
Inc. as investment banker.

An official committee of unsecured creditors was appointed by the
U.S. Trustee on May 16, 2017, and modified on May 18, 2017.  The
committee retained the Law Office of Derek A. Henderson, as
counsel.


PERFUMANIA HOLDINGS: Files for Chapter 11 with Pre-Packaged Plan
----------------------------------------------------------------
Fragrances and beauty products retailer Perfumania Holdings, Inc.,
sought Chapter 11 protection with a pre-packaged Chapter 11 plan
that contemplates a reorganization that would reduce its retail
store count to better align with current consumer shopping
patterns, increase investments in its e-commerce business, and
become a privately-held company.

Notwithstanding the Chapter 11 filing, Perfumania will continue to
operate in the normal course of business during this time and
beyond.  The Debtors have sought approval from the U.S. Bankruptcy
Court for the District of Delaware to pay certain prepetition
claims in the ordinary course of business, and their proposed
Pre-Packaged Chapter 11 Plan of Reorganization provides that
creditors are to be paid in full.

The Company's Parlux and Five Star Fragrance subsidiaries are not
included in the Chapter 11 filings.

"Our employees can be assured that during this time and beyond they
will continue to receive their salaries and benefits. Our retail
customers can continue to purchase the brands they love at our
stores and online, and our wholesale and retail customers will not
see any interruption in the flow of merchandise.  There will be no
changes to our license agreements and we will continue to uphold
our obligations, and our valued vendors and suppliers will be paid
in full," said Michael Katz, Perfumania President and Chief
Executive Officer.

"This process will allow us to more quickly adapt to the shift in
consumer shopping habits by focusing more of our resources on
implementing our e-commerce strategy, making Perfumania a stronger
and more competitive company," added Katz.

Aside from the Pre-Packaged Plan and Disclosure Statement, the
Debtors on the Petition Date filed a variety of first day
pleadings, seeking:

   -- joint administration of the Debtors' Chapter 11 Cases for
procedural purposes only;

   -- a permanent waiver of the requirement to file schedules and
statements;

   -- the retention of Epiq Bankruptcy Solutions, LLC ("Epiq") as
claims and noticing agent;

   -- payment of employee and payroll obligations and certain
taxes;

   -- approval to maintain customer programs and payment of
customer obligations;

   -- continuation of their ordinary course cash management
system;

   -- an order prohibiting utilities from discontinuing service;
and

   -- payment of up to $18.5 million of prepetition claims in the
ordinary course of business.

                 Events Leading to Chapter 11 Cases

Michael W. Katz, president and CEO, says a number of factors
contributed to the Debtors' need to commence the chapter 11 cases.
In recent years, many retailers have filed for chapter 11
protection, including 14 retailers filing for chapter 11 through
April 2017 alone.  Perfumania faces many of the same macro-economic
challenges plaguing the retail industry as a whole, including
increasing consumer emphasis on internet-based retail, declining
mall traffic, decreasing sales, changing trends, and expensive
leases.  These factors strained the Debtors' businesses, ultimately
necessitating these Chapter 11 Cases to effectuate a successful
reorganization.

Since 2015 the Company has implemented a number of strategic
initiatives, including expanding its management team, reviewing and
updating its sales strategy and aggressively managing its portfolio
of stores.

Because consumer shopping patterns are rapidly shifting out of
traditional retail to e-commerce, the Company focused on managing
and reducing Perfumania's physical retail store portfolio, limiting
the number of new Perfumania store openings, maximizing sales and
store productivity and controlling expenses at existing stores by,
among other things, aggressively seeking to renegotiate the terms
of unprofitable store leases. Perfumania also accelerated the
closure of under-performing stores and stores where the Company
anticipated declining mall traffic. In fiscal years 2015 and 2016,
Perfumania opened nine and four stores, respectively, excluding
seasonal locations, and closed 16 stores and 30 stores,
respectively, excluding seasonal locations. During the fiscal 2017
(through July 31, 2017) Perfumania closed an additional 59 stores.


Finally, to offset the challenges at the Company's brick and mortar
locations, the Company began actively implementing initiatives to
gain added leverage from its e-commerce platform and to improve
utilization of social networking, mobile, and digital applications
to engage customers.

Despite these efforts, the Company's operating results continued to
struggle in light of the challenging consumer environment and the
Company lost $11.7 million in fiscal 2015, $23.6 million in fiscal
2016, and the losses continued into 2017.

In December 2016, the Board of Directors of Perfumania formed a
committee of independent directors, the purpose of which was to
direct and oversee the investigation, formulation and evaluation of
proposals to improve the financial condition of the Company with a
view to maximizing the value of the Company.  Because the Nussdorf
Family controlled a majority of the Company's voting stock and was
also the Company's largest creditor, the Board of Directors
believed it desirable that this process be directed by outside
directors independent of the Nussdorf Family and the Debtors'
management.

The Independent Committee retained the law firm of Carlton Fields
as its independent counsel and Imperial Capital LLC as investment
banker.  The Independent Committee directed Imperial to conduct a
comprehensive review of the Company's operations and finances in
order to obtain an independent valuation range of the Company's
business with a view to maximizing the value available for each of
the Company's constituencies.

After concluding its analysis, Imperial reported to the Independent
Committee that the Company's equity had no value either inside or
outside of a chapter 11 case on a going concern basis.  Nor, based
on Imperial's expertise and familiarity with the market did it
believe that any third party prospective buyer of all or part of
the Company's business would be prepared to purchase the Company at
a price that would produce value to stockholders even assuming that
the Nussdorf Family could be induced to participate in such a sale.


The Independent Committee's effort culminated in a letter to
Stephen L. Nussdorf on May 22, 2017 which proposed that the
Nussdorf Family potentially with co-investors of its choosing
invest an amount sufficient to pay all other shareholders $2.00 in
cash per share. As a result, the Nussdorf Family and its
co-investors would own 100% of the restructured Company which would
continue as a private Company not subject to ongoing SEC reporting
and compliance costs.  The Proposal did not specify the form of
transaction or transactions to implement the distribution of value
to unaffiliated shareholders and restructuring the Company's debt,
but mentioned that the Independent Committee had explored, with the
Company's counsel, Skadden, Arps, Slate, Meagher & Flom LLP; and
Imperial, several forms of transaction that could be used and had
authorized Skadden to discuss those alternatives. Among other
things, the Committee was aware that by virtue of its nearly 50%
ownership of Perfumania Holdings, the Nussdorf Family, together
with another small investor would be in a unique position to be
able to preserve and utilize fully the Company's net operating
losses ("NOLs") of nearly $42 million.

In light of Imperial's conclusion that the Company's common shares
had no value on a going concern basis, $2.00 per share as Releasing
Stockholder Consideration represented a significant premium above
the market value of the Company's shares in May 2017, prior to the
Independent Committee 's making its Proposal.

At that time, Imperial and Skadden advised that, under such
circumstances, any consideration made available to shareholders was
in the nature of a "gift."  Nonetheless, the Independent Committee
believed the $2.00 cash per share represented by the Releasing
Shareholder Consideration was a fair and appropriate payment to
public shareholders and conditioned its recommendation to the Board
of any transaction with the Nussdorf Family on that amount being
made available to shareholders.

Following receipt of the Proposal, the Nussdorf Family carefully
evaluated whether it was willing to make the NewHoldCo Equity
Infusion.  Among other things, the Nussdorf Family reevaluated the
store closing program at the Retail Business, considered whether to
seek to impair lessors and other trade creditors, and explored with
Rene Garcia whether he would be willing to join in the NewHoldCo
Equity Infusion which would be necessary to preserve the full value
of the NOLs. On August 26, 2017, the Nussdorf Family and Garcia
agreed to go forward with the NewHoldCo Equity Infusion conditioned
upon confirmation of the Plan and the extension of credit under the
Exit Facility.

After considering the Plan, the work of the Independent Committee,
the Committee's recommendation that the Board approve the Plan, the
advice of the Company's professional legal and financial advisors
including an updated view on valuation from Imperial, the fact that
all creditors would be paid in full -- subject, in the case of
lessors to their receiving the rejection damages provided by the
Bankruptcy Code -- and the fact that shareholders who wished to
opt-in to the Stockholder Release would receive the $2.00 per share
Releasing Stockholder Consideration, on August 26, 2017 the
Company's Board of Directors approved the Plan, which it believed
to be in the best interests of the Company and all its
stakeholders, and the filing of these chapter 11 petitions to
implement the Plan.

                       The Pre-Packaged Plan

Unlike many retailers who have filed for bankruptcy, Perfumania
sees a viable path forward and remains confident in its prospects
to successfully implement and leverage the various strategic
initiatives they are undertaking to better stabilize and strengthen
the business moving forward.  These Chapter 11 Cases will allow the
Company to, among other things, close underperforming stores and
renegotiate unfavorable lease terms to establish a foundation for
sustainable long-term growth.  Closing under-performing locations
will improve the overall returns from the Company's retail
footprint going forward and allow the Company to better allocate
its operating, marketing, merchandising and financial resources to
the best locations, as well as free up additional resources to
expand the Company's e-commerce business.

Key components of the Plan include:

   -- The Company expects to pay vendors and suppliers in full in
the ordinary course of business.

   -- A reduction of the Company's retail store portfolio.

   -- It is anticipated that current equity of Perfumania will be
cancelled, however, current shareholders will be given the
opportunity to receive consideration of $2.00 per share in exchange
for completing a shareholder release form.

   -- An equity infusion that will be used to make (1)
distributions under the Plan; (2) to fund the consideration being
paid to shareholders who submit a shareholder release form; and (3)
to fund ongoing operations.

   -- Upon emergence, Perfumania will be a privately-held company.

The Company has ample liquidity to fund operations and has received
a commitment for up to approximately $84 million in
debtor-in-possession financing from its existing lender, Wells
Fargo, which is expected to be replaced by a $100 million exit
facility upon emergence.  The exit facility, in combination with
the anticipated equity infusion, will provide Perfumania with
additional liquidity support.

Looking forward, Perfumania will further emphasize and invest in
its e-commerce business so as to improve customers' online shopping
experience.  Moreover, the Company will continue to look for ways
to leverage digital technologies and believes that a greater focus
on omni-channel initiatives will enhance and create a more seamless
shopping experience for consumers.

"The Company has been working diligently to amend its business
model, reduce its cost structure, improve supply chain efficiency,
optimize marketing, reduce expenses and improve operating results
long-term," added Katz. "[The bankruptcy filings] allow the Company
to expedite all of these initiatives to create a stronger company
with the financial resources to invest in areas that will foster
our long-term growth.  The support of our lenders and the new DIP
and exit financing commitments underscore their confidence in the
future of the Company."

Perfumania has been reducing its retail store portfolio by
accelerating the closure of under-performing stores and those
stores in locations affected by declining mall traffic, as part of
its strategy to maximize sales and improve store productivity and
profitability.  To that end, the Company has identified stores that
are core to the Company's ongoing operations and will remain with
the Company post-emergence, stores that have begun clearance sales,
and those that are part of the Company's lease-negotiation
process.

A copy of the affidavit in support of the first day pleadings is
available at:

   http://bankrupt.com/misc/Perfumania_4_1st_Day_Affidavit.pdf

                     About Perfumania Holdings

Perfumania Holdings, Inc. (PERF) --
http://www.perfumaniaholdings.com/-- is a specialty retailer and
distributor of fragrances and related beauty products across the
United States.  Perfumania has a 30-year history of innovative
marketing and sales management, brand development, license sourcing
and wholesale distribution making it the premier destination for
fragrances and other beauty supplies.  As of Aug. 26, 2017,
Perfumania, Inc. operated a chain of 226 retail stores,
specializing in the sale of fragrances and related products at
discounted prices up to 75% below the manufacturers' suggested
retail prices

Perfumania reported a net loss of $23.63 million for the fiscal
year ended Jan. 28, 2017, and a net loss of $11.67 million for the
fiscal year ended Jan. 30, 2016.  

As of April 29, 2017, Perfumania had $304.73 million in total
assets, $253.93 million in total liabilities and $50.80 million in
total shareholders' equity.

On Aug. 26, 2017, Model Reorg Acquisition, LLC and 18 affiliated
debtors, including Perfumania Holdings, Inc., each filed voluntary
petitions in the United States Bankruptcy Court for the District of
Delaware seeking relief under chapter 11 of the United States
Bankruptcy Code.  The Debtors are seeking to have their cases
jointly administered for procedural purposes under the case docket
for Model Reorg Acquisition, LLC, (Bankr. D. Del. Case No.
17-11794).

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, Ankura Consulting Group, LLC is serving as financial
advisor and Imperial Capital is serving as investment banker to the
Company.

The Skadden team includes: Corporate Restructuring partners Lisa
Laukitis and J. Gregory Milmoe (Boston), and associates Raquelle
Kaye (Boston), Esther Adzhiashvili and AZ Biazar, as well as
Corporate Restructuring and Bankruptcy Litigation partner Anthony
Clark (Wilmington) and associate Cameron Fee (Wilmington); Banking
partner Sarah Ward and associates Emily Stork, Shan Song (Chicago)
and Katherine Webb; Tax partner Brian Krause and associate Joseph
Soltis; and Corporate partner Richard Grossman (New York).  

Epiq Bankruptcy Solutions is the claims and noticing agent and
maintains the Web site http://dm.epiq11.com/perfumania


PERFUMANIA HOLDINGS: Gordon & Hilco to Hold GOB Sales at 65 Stores
------------------------------------------------------------------
Perfumania Holdings, Inc., and its affiliated debtors have tapped a
contractual joint venture composed of Hilco Merchant Resources, LLC
and Gordon Brothers Retail Partners, LLC, to act as exclusive agent
for the limited purposes of: (a) selling all of the merchandise of
Perfumania's 65 retail store locations by means of a "store
closing", "sale on everything", "everything must go", or similar
sale; and (b) disposing of FF&E in the stores.

The Debtors on the Petition Date filed with the Bankruptcy Court a
motion seeking an order:

   (i) approving the Debtors' assumption of the agency agreement,
       dated as of August 26, 2017, with a contractual joint
       venture composed of Hilco Merchant Resources, LLC and
       Gordon Brothers Retail Partners, LLC;

  (ii) authorizing the Debtors to conduct store closing sales at
       the locations subject to the Agency Agreement in
       accordance with the terms of the sale guidelines, with
       such sales to be free and clear of all liens, claims,
       encumbrances, and interests;

(iii) authorizing, but not directing, the Debtors to pay
       customary retention bonuses to the store-level and certain
       field employees at the Stores;

  (iv) waiving compliance with contractual store closing sale
       restrictions and laws restricting store closing sales; and

   (v) authorizing the Debtors to abandon unsold property
       consisting of certain furniture, fixtures and equipment
       -- FF&E -- located at the Closing Locations.

The Debtors' management, with the assistance of their advisors,
performed a comprehensive review of the performance of each store
and the market in which the Debtors operate. In particular, during
the prepetition period, the Company started to close stores when
underperforming store leases came up for renewal or otherwise when
there was an opportunity to exit a lease early.  Furthermore, like
many retail businesses, the Debtors determined that it was
necessary to close certain underperforming or unprofitable retail
stores and sell their Merchandise and FF&E.

In order to maximize the value of the Store Closure Assets and to
efficiently and effectively liquidate such assets, the Debtors
determined that it was in their best interest to retain a
professional liquidating agent. In addition, as condition to the
DIP Lenders agreeing to provide postpetition financing, they
required that the Debtors conduct going-out-of-business sales with
respect to certain stores and hire a third-party liquidator to
manage and assist with such sales.  Thus, in June 2017, the
Company, in consultation with its advisors, began soliciting offers
from potential liquidation firms to conduct store closing sales.
To that end, the Company solicited bids from four national
liquidation firms: Hilco Merchant Resources, LLC, Great American
Group, LLC, Gordon Brothers Retail Partners, LLC, and Tiger Capital
Group, LLC.  The Company then evaluated the bids received and
determined that proceeding with the Store Closing Sales according
to the terms of the Agency Agreement was in the best interests of
its stakeholders because it was the highest or otherwise best bid.

In particular, the terms of the Agency Agreement provide for a
guaranteed return (with an additional increased potential shared
recovery) to the estates, which minimizes the Debtors' risk while
at the same time motivating the Agent to maximize proceeds from the
Store Closing Sales.  Additionally, it is more cost effective for
the Debtors to allow the Agent to conduct the Store Closing Sales
than for the Debtors to conduct such sales on their own because,
among other reasons, the Agent will reimburse the Debtors for
expenses of the Store Closing Sales. These significant cost savings
increase the overall recovery for creditors of the Debtor's
estates.  Accordingly, the Company and the Agent executed the
Agency Agreement, and the Agent began preparing for the Store
Closing Sales -- even prior to final execution of the Agency
Agreement.  On August 25, 2017, the Agent officially began the
Store Closing Sales at the Closing Locations.

The 65 Store Closing Locations identified in the Agency Agreement
are:

  Store
  Number    Name                  Address           Landlord
  ------    ----                  -------           --------
  21 Serramonte Center         Daly City, CA      Equity One
  63 Kittery Premium Outlets   Kittery, ME        Simon/Premium
  65 Lighthouse Place Prem.    Michigan City, IN  Simon/Premium
105 Pheasant Lane Mall        Nashua, NH         Simon Property
120 Calhoun Premium Outlets   Calhoun, GA        Simon/Premium
166 Outlet Collection-Seattle Auburn, WA         WP Glimcher
167 Grove City Premium Outlet Grove City, PA     Simon/Premium
204 Williamsburg Prem. Outlet Williamsburg, VA   Simon/Premium
209 Tanger Outlet Center      Rehoboth Beach, DE Tanger Outlet
213 Vero Beach Outlets        Vero Beach, FL     EB Development

250 The Outlets at Lake George Lake George, NY   Sobert Realty
275 Rockvale Outlets          Lancaster, PA      FSH Associates
300 Fashion Outlet of LV      Primm, NV          Talisman Cos.
302 Tuscola Outlets           Tuscola,IL         Avison Young
305 Riverchase Galleria       Hoover, AL         General Growth  

316 Tucson Mall               Tucson, AZ         General Growth
321 Plaza Carolina Mall       Carolina, PR       Simon Property
327 Plaza del Sol             Bayamon, PR        Developers
                                                   Diversified
331 Las Catalinas Mall        Caguas, PR         Vornado Realty
346 Las Americas Prem Outlets San Diego, CA      Simon/Premium

355 Hagerstown Prem Outlets  Hagerstown, MD      Simon/Premium  
360 The Outlets at Orange    Orange, CA          Simon/Mills  
366 Plaza del Caribe         Ponce, PR           Empr.
                                                   Fonalledas
372 Outlets at San Clemente  San Clemente, CA    Craig Realty
387 Valley River Center      Eugene, OR          Macerich
391 Tanger Outlet Center     Atlantic City, NJ   Tanger Outlet
402 Strip Center Trenton C.  McAllen, TX         Weingarten  
429 Arbor Place Mall         Douglasville, GA    CBL & Assoc.
459 Town Square              Las Vegas, NV       Forest City  
542 Opry Mills Mall          Nashville, TN       Simon/Mills

549 Tanger Outlet Center     Mebane, NC          Tanger Outlet
569 The Oaks Mall            Thousand Oaks CA    Macerich
578 Paradise Valley Mall     Phoenix, AZ         Macerich
586 Camarillo Promenade      Camarillo, CA       Simon/Premium
587 Westgate Mall            Amarillo, TX        Jones Lang
589 Dadeland Mall            Miami, FL           Simon Property
591 Plaza West Covina        West Covina, CA     Starwood
                                                   Capital
595 Cincinnati Prem Outlets  Monroe, OH          Simon/Premium
596 Victoria Mall            Victoria, TX        Hull Storey
597 Destiny USA One          Syracuse, NY        Pyramid Company

611 Anchorage 5th Ave. Mall  Anchorage, AK       Simon Property
640 Desert Hills Prem Outlet Cabazon, CA         Simon/Premium
641 Gilroy Premium Outlets   Gilroy, CA          Simon/Premium  
642 Columbia Gorge Outlets   Troutdale, OR       Woodmont Co
667 Plaza Carolina Mall      Carolina, PR        Simon Property
670 Chandler Fashion Center  Chandler, AZ        Macerich
676 Yacht Haven Grande       St. Thomas, USVI    Yacht Haven
                                                   USVI
681 Westfield Palm Desert    Palm Desert, CA     Westfield Corp
689 Florida Mall III         Orlando, FL         Simon Property
696 Plaza Isabela            Isabela, PR         Developers
                                                   Diversified

749 Plaza Rio Hondo          Bayamon, PR         Developers
                                                   Diversified
758 Tanger Outlet Center     Charleston, SC      Tanger Outlet
763 Fashion Outlets of Niag. Niagara Falls, NY   Macerich
764 Twin Cities Prem Outlets Eagan, MN           Simon/Premium
765 Westfield SF Centre      San Francisco, CA   Westfield Corp
766 Outlet Shoppes Bluegrass Simpsonville, KY    Horizon Group
767 Downtown Summerlin       Las Vegas, NV       Howard Hughes
768 Station Park             Farmington, UT      Centercal
771 Gloucester Prem Outlets  Blackwood, NJ       Simon/Premium
772 Tanger Outlet Center     Sunbury, OH         Tanger Outlet

774 Tanger Outlet Center     Byron Center, MI    Tanger Outlet
776 Albertville Prem Outlets Albertville, MN     Simon/Premium
781 Ala Moana Center         Honolulu, HI        General Growth
787 Tucson Premium Outlets   Tucson, AZ          Simon/Premium
789 Chula Vista Center       Chula Vista, CA     Rouse
                                                   Properties

The pertinent terms of the Agency Agreement are:

    -- Merchandise: "Merchandise" means all (i) new, finished,
       first-quality saleable goods in the ordinary course of
       business located at the Stores as of the Sale Commencement
       Date and included as Merchandise subject to Gross Rings,
       and (ii) Defective Merchandise.  "Merchandise" shall not
       include: (1) goods which belong to sublessees, licensees,
       department lessees, or concessionaires of Merchant; (2)
       goods held by Merchant on memo, on consignment, or as
       bailee; (3) Excluded Defective Merchandise; (4) Merchant's
       Consignment Goods; and (5) furniture, furnishings, trade
       fixtures, machinery, equipment, office supplies, Supplies,
       conveyor systems, racking, rolling stock, and other
       personal property or improvements to real property.

    -- Guaranteed Amount: As a guaranty of the Agent's
       performance under the Agency Agreement, in addition to
       payment of the Expenses, Agent will guarantee that the
       Merchant shall receive 68.3% (the "Guaranty Percentage")
       of the aggregate Cost Value of the Merchandise (the
       "Guaranteed Amount"), subject to certain inventory level
       and cost factor adjustments.  The Guaranty Percentage has
       been fixed based upon the aggregate Cost Value of the
       Merchandise included in the Sale being not less than
       $4,500,000 and not more than $4,700,000 (the "Merchandise
       Threshold") as of the Sale Commencement Date and the Cost
       Factor Threshold being equal to 29.6%.

    -- Sale of FF&E: Agent shall sell all FF&E at the Stores
       owned by Merchant pursuant to a commission structure
       whereby Agent shall be entitled to receive a commission
       equal to 17.5% of the gross proceeds (net only of sales
       taxes) from the sale of any FF&E.

    -- Sale Term: The Sale commenced on Aug. 25, 2017 (the "Sale
       Commencement Date") and shall conclude at each Store no
       later than September 30, 2017 (the "Sale Termination
       Date," and the period from the Sale Commencement Date to
       the Sale Termination Date as to each Store being the "Sale
       Term").  The Agent may, in its discretion, extend the Sale
       Termination Date to no later than Oct. 31, 2017 at up to
       15 Stores upon not less than eight days' prior written
       notice before the initial Sale Termination Date.

    -- Agent Compensation: After Proceeds are used to repay Agent
       for amounts paid on account of the Guaranteed Amount and
       to pay Expenses, all remaining Proceeds shall be allocated
       in the following order of priority: First, to Agent in an
       amount equal to 5.0% of the aggregate Cost Value of the
       Merchandise ("Agent's Fee"); and thereafter 50.0% to Agent
       and 50.0% to Merchant ("Sharing Amount").

    -- Expenses of Sale: The Agent will be responsible for all
       Expenses, subject to certain limitations and payment
       procedures, in accordance with Section 4.1 and 4.2 of the
       Agency Agreement.

    -- Merchant Indemnification: The Merchant will indemnify the
       Agent Indemnified Parties from liabilities (including
       reasonable attorney's fees) arising from or related to,
       the following, among other things: gross negligence or
       willful misconduct of the Merchant, among others; material
       breach; product liability claims; and claims asserted by
       store employees.

    -- Agent Indemnification: The Agent will indemnify Merchant
       and its officers, directors, employees, agents and
       representatives from liabilities (including reasonable
       attorney's fees) arising from or related to, the
       following, among other things: gross negligence or willful
       misconduct; material breach; and liability claims made by
       any party engaged by the Agent as an employee or
       independent contractor.

    -- Security Interests: To secure the full payment and
       performance of all obligations of Merchant to Agent,
       Merchant grants to Agent first priority, senior security
       interests in and liens upon: (i) the Merchandise; (ii) all
       Proceeds (including, without limitation, credit card
       Proceeds); (iii) the commission regarding the sale or
       other disposition of Merchant's Consignment Goods; (iv)
       the commission regarding the sale or other disposition of
       FF&E; (v) any Sharing Amount, but only up to the amount of
       Agent's percentage share of such Sharing Amount; and (vi)
       all "proceeds" (as defined in the Uniform Commercial
       Code), of each of the foregoing (all of which are
       collectively referred to as the "Agent Collateral.")  The
       Agent's security interest is junior and subordinated,
       however, to the DIP Lender's lien in the Agent Collateral
       until and unless the Initial Guaranteed Amount is paid.

    -- Merchandise Returns: Agent will accept returns of goods
       sold by Merchant prior to the Sale Commencement Date
       ("Returned Merchandise"), provided that such return is in
       compliance with Merchant's return policy in effect
       immediately prior to the Sale Commencement Date.

    -- Gift Cards: During the Sale Term, Agent will accept
       Merchant's gift certificates, gift cards, return credits,
       and similar merchandise credits issued by Merchant
       (collectively, the "Gift Certificates"); and Merchant
       shall reimburse Agent in cash for such amounts during the
       Weekly Sale Reconciliation.  Agent will not sell any Gift
       Certificates.

The Liquidators can be reached at:

         HILCO MERCHANT RESOURCES, LLC
         5 Revere Drive, Suite 206
         Northbrook, IL 60062
         Attention: Ian S. Fredericks
         Tel: (847) 418-2075
         Fax: (847) 897-0859
         E-mail: ifredericks@hilcotrading.com

                   - and -

         GORDON BROTHERS RETAIL PARTNERS, LLC
         Prudential Tower
         800 Boylston Street
         Boston, MA 02119
         Attn: Mackenzie Shea
         Tel: 617.422.6519
         E-mail: mshea@gordonbrothers.com

                     About Perfumania Holdings

Perfumania Holdings, Inc. (PERF) --
http://www.perfumaniaholdings.com/-- is a specialty retailer and
distributor of fragrances and related beauty products across the
United States.  Perfumania has a 30-year history of innovative
marketing and sales management, brand development, license sourcing
and wholesale distribution making it the premier destination for
fragrances and other beauty supplies.  As of Aug. 26, 2017,
Perfumania, Inc. operated a chain of 226 retail stores,
specializing in the sale of fragrances and related products at
discounted prices up to 75% below the manufacturers' suggested
retail prices

Perfumania reported a net loss of $23.63 million for the fiscal
year ended Jan. 28, 2017, and a net loss of $11.67 million for the
fiscal year ended Jan. 30, 2016.  

As of April 29, 2017, Perfumania had $304.73 million in total
assets, $253.93 million in total liabilities and $50.80 million in
total shareholders' equity.

On Aug. 26, 2017, Model Reorg Acquisition, LLC and 18 affiliated
debtors, including Perfumania Holdings, Inc., each filed voluntary
petitions in the United States Bankruptcy Court for the District of
Delaware seeking relief under chapter 11 of the United States
Bankruptcy Code.  The Debtors are seeking to have their cases
jointly administered for procedural purposes, meaning that upon
entry of such an order all pleadings will be maintained on the case
docket for Model Reorg Acquisition, LLC, (Bankr. D. Del. Case No.
17-11794).

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, Ankura Consulting Group, LLC is serving as financial
advisor and Imperial Capital is serving as investment banker to the
Company.

The Skadden team includes: Corporate Restructuring partners Lisa
Laukitis and J. Gregory Milmoe (Boston), and associates Raquelle
Kaye (Boston), Esther Adzhiashvili and AZ Biazar, as well as
Corporate Restructuring and Bankruptcy Litigation partner Anthony
Clark (Wilmington) and associate Cameron Fee (Wilmington); Banking
partner Sarah Ward and associates Emily Stork, Shan Song (Chicago)
and Katherine Webb; Tax partner Brian Krause and associate Joseph
Soltis; and Corporate partner Richard Grossman (New York).  

Epiq Bankruptcy Solutions is the claims and noticing agent and
maintains the Web site http://dm.epiq11.com/perfumania


PERFUMANIA HOLDINGS: Pre-Packaged Plan Has All Claims Unimpaired
----------------------------------------------------------------
Perfumania Holdings, Inc., and its affiliates on Aug. 26, 2017,
commenced Chapter 11 cases and immediately filed a Pre-Packaged
Chapter 11 Plan of Reorganization that will leave all allowed
claims unimpaired, let the Nussdorf Family retain control of the
business, and give stockholders $2 per share in exchange for
releases.

The Debtors' "pre-packaged" Plan provides for a comprehensive
reorganization of the Debtors that will (i) leave all allowed
claims unimpaired, (ii) close underperforming stores and reject
unfavorable lease terms to establish a foundation for sustainable
long-term growth and to improve the overall returns from the
Company's retail footprint going forward, (iii) provide meaningful
consideration to Perfumania Holdings' stockholders who opt-in to a
"stockholder release", (iv) issue 100% of Reorganized Perfumania to
NewHoldCo in exchange for a $14,263,460 equity infusion and a
release of all claims the Company might have against the Nussdorf
Family, Rene Garcia and persons to whom the Company might have
indemnification obligations, and (v) obtain debtor-in-possession
financing that will convert to an exit credit facility upon
emergence from chapter 11.

The Plan proposes recoveries to general unsecured creditors that,
according to president and CEO Michael W. Katz, are remarkable in
the context of the recent retail downturn.  All of the Debtors'
general unsecured creditors, such as trade vendors, employees, and
landlords are unimpaired under the plan. The Debtors will also
reinstate the QKD Note, the Nussdorf Trust Notes, and the 2004 Note
and assume all other executory agreements not specifically
rejected.

As set forth in the valuation prepared by Imperial Capital LLC and
the liquidation analysis prepared by Ankura Consulting Group LLC,
under the Plan Perfumania's stockholders are not entitled to
receive or retain any property on account of their interests in
Perfumania because there is no equity value in Perfumania to
distribute to stockholders. The Company's liabilities exceed both
the Company's going concern value and any value that may be
obtained by liquidating the Company's assets.  Moreover, in light
of the current distressed retail environment, the Company and its
advisors do not believe that an alternative to the proposed
restructuring exists that would yield a distribution for the
Company's stockholders.

However, the Plan does provide Perfumania Holdings' stockholders
with the opportunity to receive consideration in the amount of
$2.00 per share (the "Releasing Stockholder Consideration") in
exchange for providing a Stockholder Release.

Shortly after the hearing scheduled by the Court to consider the
First Day Pleadings, the Debtors will distribute to eligible
stockholders the Plan, the Disclosure Statement and the necessary
forms required to opt-in to the Stockholder Release to receive the
Releasing Stockholder Consideration.  Stockholders who opt-in to
the release on or before Oct. 6, 2017 at 5:00 PM Prevailing Eastern
Time (the "Release Opt-In Deadline"), will receive the Releasing
Stockholder Consideration on the effective date of the Plan, or as
soon as reasonably practicable thereafter.  The Debtors will also
provide stockholders with an additional opportunity to opt-in to
the Stockholder Release and receive the Releasing Stockholder
Consideration after the effective date of the Plan. Stockholders
will receive notice of such opportunity and instructions for
participation after the effective date has occurred.

Copies of the Plan and Disclosure Statement are available at:

      http://bankrupt.com/misc/Perfumania_20_DS.pdf
      http://bankrupt.com/misc/Perfurmania_19_Plan.pdf

                     No Solicitation of Votes

The Debtors will not solicit votes on the acceptance or rejection
of the Plan because all holders of claims against or interests in
the Debtors have either (i) an unclassified Claim, (ii) a Claim or
Interest that is Unimpaired, and are therefore deemed to have
accepted the Plan, or (iii) an Interest that does not entitle such
holder to receive or retain any property under the Plan, and are
therefore deemed to have rejected the Plan.

Accordingly, the Debtors have requested the Court to set a combined
hearing to approve the adequacy of the information contained in the
Disclosure Statement and confirm the Plan (the "Combined Hearing").
In addition, because the Debtors are not soliciting votes on the
Plan, the Debtors are requesting that the Court set only two
hearings in these Chapter 11 Cases: (i) the initial hearing to
consider the relief requested in the First Day Pleadings, as
described more fully herein and (iii) the Combined Hearing at which
the Court will also consider all requests for final relief in
connection with the First Day pleadings and consider approval of
the Disclosure Statement and Plan confirmation.

                   Prepetition Capital Structure

As of the Petition Date, there were 15,493,763 shares of common
stock in Perfumania Holdings outstanding.  Prior to the Petition
Date, Stephen L. Nussdorf, Glenn H. Nussdorf, Arlene Nussdorf,
Lillian Ruth Nussdorf and an Affiliate of Rene Garcia established a
Delaware limited liability company, MJA Beauty, LLC ("NewHoldCo").
The Nussdorf Family and Garcia contributed an aggregate of
8,352,032 shares of the Company's common stock to NewHoldCo
totaling approximately 54% of the Company's outstanding common
stock.

As of the Petition Date, Perfumania had long term debt of $199
million consisting of $175 million senior credit facility of which
approximate $18.78 million was drawn and outstanding and $125.4
million in principal in subordinated promissory notes, plus
approximately $54.8 million in accrued but unpaid interest:

   * Senior Credit Facility

     On Jan. 7, 2011, the Company entered into a revolving senior
credit facility (the "Senior Credit Facility") pursuant to a
certain Credit Agreement (as amended, amended and restated,
modified, supplemented, or restated and in effect from time to time
the "Credit Agreement") among Perfumania Holdings and certain of
its subsidiaries as Borrowers and certain affiliates as Guarantors;
a syndicate of banks (the "Senior Credit Facility Lenders"); Wells
Fargo Bank, National Association, as administrative agent,
collateral agent and swing line lender ("Wells Fargo"), Regions
Bank and RBS Business Capital, a division of RBS Asset Finance,
Inc., as co-documentation agents ("RBS"), and Wells Fargo Capital
Finance, LLC, as lead arranger and bookrunner.  As of the Petition
Date, the Company had approximately $18.78 million outstanding
under the Senior Credit Facility and approximately $88.45 million
of net availability to borrow under the Senior Credit Facility.
All obligations related to the Senior Credit Facility are secured
by first priority perfected security interests in all personal and
real property owned by the Company, including without limitation
100% (or, in the case of excluded foreign subsidiaries, 66%) of the
outstanding equity interests in the subsidiaries.

   * QKD Note

     In connection with the 2008 Merger, Model Reorg, issued an
unsecured subordinated promissory note, dated as of August 11, 2008
in the principal amount of $35 million to Quality King (the "QKD
Note").  The QKD Note provides for payment of principal in
quarterly installments between July 31, 2019 and October 31, 2022,
with a final installment on Oct. 31, 2022 of the remaining balance,
and payment of interest in quarterly installments commencing on
January 31, 2011 at the then current senior debt rate, as defined
in the Senior Credit Facility, plus 1% per annum;

   * Nussdorf Trust Notes

     Promissory notes issued by Model Reorg in the aggregate
principal amount of approximately $85.4 million held by six estate
trusts established by Glenn, Stephen, and Arlene Nussdorf (the
"Nussdorf Trust Notes").  The Nussdorf Trust Notes were originally
issued at the closing of the 2008 Merger in the principal amount of
$55.4 million, but were replaced by amended and restated notes
reflecting an additional $30 million loaned by the trusts on April
18, 2012, in order to help finance the Parlux Acquisition.  The
Nussdorf Trust Notes provide for payment of the principal in full
on July 31, 2019 and payments of interest in quarterly installments
commencing on July 31, 2012 at the then current senior debt rate
plus 2% per annum; and

   * 2004 Note

     On Dec. 9, 2004, Perfumania, Inc. issued a subordinated
convertible note to Glenn and Stephen Nussdorf in exchange for a $5
million subordinated demand loan made in March 2004 (the "2004
Note").

            Funding of Chapter 11 Cases, Plan, and Exit

The Debtors' proposed Plan draws on three main sources of funding:
(i) the NewHoldCo Equity Infusion, (ii) the DIP Facility, and (iii)
the Exit Revolver Facility.

     -- The NewHoldCo Equity Infusion

The proposed restructuring is made possible in part by NewHoldCo's
agreement to contribute new value to Perfumania Holdings. Pursuant
to an agreement by and between NewHoldCo, each individual member of
NewHoldCo, and Perfumania Holdings, dated Aug. 26, 2017 (the
"NewHoldCo Investment Agreement"), NewHoldCo has agreed to invest
$14,263,460 million in cash in Perfumania Holdings in exchange for
100% of the equity in Reorganized Perfumania (the "NewHoldCo Equity
Infusion").  The NewHoldCo Equity Infusion will be used (i) to fund
the Releasing Stockholder Consideration; and (ii) to the extent
that stockholders choose not to accept the Releasing Stockholder
Consideration, to fund ongoing operations.  In addition, the
NewHoldCO Investment Agreement provides that NewHoldCo will execute
the Stockholder Release for no additional consideration.

     -- The Proposed DIP Financing.

The Debtors negotiated and entered into a Ratification and
Amendment Agreement (the "DIP Amendment" and the Credit Agreement,
as amended and ratified by the DIP Amendment, the "DIP Credit
Agreement") with Perfumania Holdings, the other Borrowers party
thereto, the Guarantors party thereto, the Lenders party thereto
and Wells Fargo Bank, National Association, as Administrative Agent
and Collateral Agent (in such capacities, the "Agent") for the
Lenders under the Credit Agreement.  The DIP Credit Agreement
provides for, among other things, (i) a senior secured
debtor-in-possession asset-based revolving facility in an aggregate
principal amount of $83,750,000 (the "DIP Facility") to refinance
the Senior Credit Facility and (ii) certain other amendments to the
Credit Agreement.

The DIP Facility matures on Dec. 31, 2017 or, if prior thereto, the
earliest of, among other things, the effective date of a plan of
reorganization, consummation of a sale of all or substantially all
the assets of the Borrowers and Guarantors, conversion of a Chapter
11 Case of any Debtor to a Chapter 7 case or forty five days after
entry of the Interim Financing Order if the Permanent Financing
Order has not been entered.

The DIP Credit Agreement requires the Debtors to effect
going-out-of-business sales ("GOB Sales") with respect to certain
stores and requires that the Debtors hire a third party liquidator
to manage and assist with such GOB Sales.  The DIP Credit Agreement
also requires that the Debtors achieve specified milestones with
respect to such GOB Sales and the Chapter 11 Cases, including
(among others): on the Petition Date filing a motion to conduct
going out of business sales and retention of a third-party
liquidator and conducting the GOB Sales with respect to specified
stores; within five days thereof, filing this Disclosure Statement
and Plan; within 30 days thereof, conducting GOB Sales for
specified stores; within 60 days hereof thereof, obtaining approval
of the same; within 90 days thereof, occurrence of effectiveness of
the Plan of Reorganization.

     -- The Exit Facility.

On the Effective Date, the Company will enter into a senior secured
asset-based revolving credit facility in an aggregate principal
amount of up to $100 million (the "Exit Facility") pursuant to a
certain Credit Agreement (as amended, amended and restated,
modified, supplemented, or restated and in effect from time to
time, the "Exit Credit Agreement") among Perfumania Holdings (or a
parent entity thereof) and certain of its subsidiaries as Borrowers
party thereto and certain affiliates as Guarantors party thereto,
Wells Fargo Bank, National Association, as administrative agent,
collateral agent and swing line lender ("Wells Fargo") and other
parties thereto.

The maximum borrowing amount under the Exit Facility is the lesser
of $100 million and a borrowing base calculated with reference to
specified percentages of the Company's eligible credit card, trade
receivables and inventory, which availability may be reduced by
certain reserves. The Exit Facility matures in five years from the
date of the Exit Credit Agreement. Under the Exit Facility, which
does not require amortization of principal, revolving loans may be
drawn, repaid and re-borrowed up to such maximum borrowing amount.
The Company must maintain availability under the facility of at
least the greater of 10% of the aggregate amount that may be
advanced against the borrowing base or $8 million.

Interest under the Exit Facility is, at the Company's option, at
LIBOR or a base rate plus specified margins that are determined
based upon excess availability from time to time. The Company is
also required to pay monthly commitment fees based on the unused
amount of the Exit Facility and a monthly fee with respect to
outstanding letters of credit.

All obligations of the Company related to the Exit Facility are
secured by first priority perfected security interests in all
personal and real property (subject to customary exclusions) owned
by the Company, including without limitation 100% (or, in the case
of excluded foreign subsidiaries, 66%) of the outstanding equity
interests in its directly owned subsidiaries (subject to customary
exclusions).  The Company is subject to customary limitations on
its ability to, among other things, incur debt, pay dividends and
make distributions, undergo fundamental changes, make investments
and enter into joint ventures, dispose of assets and prepay debt.

The Lender can be reached at:

        Wells Fargo Bank, National Association
        One Boston Place, 18th Floor
        Boston, MA 02108
        Attn: Lauren Murphy
        E-Mail: lauren.murphy@wellsfargo.com

The Lender's attorneys:

        Otterbourg P.C.
        230 Park Avenue
        New York, NY 10169
        Attn: Daniel F. Fiorillo
        E-mail: dfiorillo@otterbourg.com

                     About Perfumania Holdings

Perfumania Holdings, Inc. (PERF) --
http://www.perfumaniaholdings.com/-- is a specialty retailer and
distributor of fragrances and related beauty products across the
United States.  Perfumania has a 30-year history of innovative
marketing and sales management, brand development, license sourcing
and wholesale distribution making it the premier destination for
fragrances and other beauty supplies.  As of Aug. 26, 2017,
Perfumania, Inc. operated a chain of 226 retail stores,
specializing in the sale of fragrances and related products at
discounted prices up to 75% below the manufacturers' suggested
retail prices

Perfumania reported a net loss of $23.63 million for the fiscal
year ended Jan. 28, 2017, and a net loss of $11.67 million for the
fiscal year ended Jan. 30, 2016.  

As of April 29, 2017, Perfumania had $304.73 million in total
assets, $253.93 million in total liabilities and $50.80 million in
total shareholders' equity.

On Aug. 26, 2017, Model Reorg Acquisition, LLC and 18 affiliated
debtors, including Perfumania Holdings, Inc., each filed voluntary
petitions in the United States Bankruptcy Court for the District of
Delaware seeking relief under chapter 11 of the United States
Bankruptcy Code.  The Debtors are seeking to have their cases
jointly administered for procedural purposes, meaning that upon
entry of such an order all pleadings will be maintained on the case
docket for Model Reorg Acquisition, LLC, (Bankr. D. Del. Case No.
17-11794).

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, Ankura Consulting Group, LLC is serving as financial
advisor and Imperial Capital is serving as investment banker to the
Company.

The Skadden team includes: Corporate Restructuring partners Lisa
Laukitis and J. Gregory Milmoe (Boston), and associates Raquelle
Kaye (Boston), Esther Adzhiashvili and AZ Biazar, as well as
Corporate Restructuring and Bankruptcy Litigation partner Anthony
Clark (Wilmington) and associate Cameron Fee (Wilmington); Banking
partner Sarah Ward and associates Emily Stork, Shan Song (Chicago)
and Katherine Webb; Tax partner Brian Krause and associate Joseph
Soltis; and Corporate partner Richard Grossman (New York).  

Epiq Bankruptcy Solutions is the claims and noticing agent and
maintains the Web site http://dm.epiq11.com/perfumania


PET EXPRESS: Plan Confirmation Hearing Set for Sept. 7
------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico will
consider approval of the Chapter 11 plan of reorganization for Pet
Express USA Corp. at a hearing on September 7.

The hearing will be held at 9:30 a.m. at the U.S. Bankruptcy Court,
Southwestern Divisional Office, MCS Building, Second Floor, 880
Tito Castro Avenue, Ponce, Puerto Rico.

The court will also consider at the hearing final approval of the
company's disclosure statement, which it conditionally approved on
August 4.

The order required creditors to file their objections and cast
their votes accepting or rejecting the plan on or before 14 days
prior to the hearing.

The restructuring plan proposes to pay creditors holding Class 2
general unsecured claims 6.8% of their allowed claims, without
interest, within 30 days after the effective date of the plan.

Pet Express estimated the total amount of allowed general unsecured
claims at $14,611.57.  Class 2 is impaired.

Payments to creditors will come from the operation of the company's
business, according to its disclosure statement, which explains the
proposed restructuring plan.

A copy of the disclosure statement is available for free at
https://is.gd/9J4PXT

                   About Pet Express USA Corp.

Pet Express USA Corp. operates a retail pet shop in Puerto Rico.
Its sole stockholder and officer is Wendeline Baez Castro, who
personally oversees its operations.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. P.R. Case No. 17-00914) on February 13, 2017.  At
the time of the filing, the Debtor estimated assets and liabilities
of less than $50,000.

The case is assigned to Judge Edward A. Godoy.  Landrau Rivera &
Assoc. represents the Debtor as bankruptcy counsel.

On August 3, 2017, the Debtor filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization.


PRECIPIO INC: Prices $6 Million Public Offering
-----------------------------------------------
Precipio, Inc., announced the pricing of an underwritten public
offering of units, at a public offering price of $1,000 per unit,
each comprised of one share of series B convertible preferred
stock, which is convertible into 400 shares of common stock at a
conversion price of $2.50 per share, and one warrant to purchase up
to 400 shares of common stock, at an exercise price of $3.00 per
share.  The preferred stock issued in the offering includes a
beneficial ownership blocker but has no dividend rights (except to
the extent dividends are also paid on the common stock).  The
securities comprising the units are immediately separable and will
be issued separately.  The warrants are exercisable immediately and
will expire five years from the date of issuance.  The gross
proceeds to Precipio from this offering are expected to be
approximately $6,000,000, before deducting underwriting discounts
and commissions and other estimated offering expenses.  Precipio
intends to use the net proceeds from this offering for the growth
of its sales force, progression of its product development, working
capital and general corporate purposes, and repayment of debt.
Precipio has granted the underwriter a 45-day option to purchase up
to an additional 900 shares of preferred stock and/or 360,000
additional warrants to cover over-allotments, if any.  The offering
is expected to close on or before Aug. 28, 2017, subject to
customary closing conditions.

Aegis Capital Corp. is acting as the sole book-running manager for
the offering.

The offering is being made pursuant to a shelf registration
statement that Precipio previously filed with the Securities and
Exchange Commission and which became effective on February 13,
2015.  A preliminary prospectus supplement and accompanying base
prospectus relating to the offering have been filed with the SEC
and a final prospectus supplement and accompanying base prospectus
will be filed with the SEC.  Electronic copies of the preliminary
prospectus supplement and accompanying base prospectus and, when
available, electronic copies of the final prospectus supplement and
accompanying base prospectus may be obtained from the SEC's website
located at www.sec.gov or by contacting Aegis Capital Corp.,
Prospectus Department, 810 Seventh Avenue, 18th Floor, New York, NY
10019 or via telephone at 212-813-1010 or email:
prospectus@aegiscap.com.

                        About Precipio

Precipio, Inc., formerly known as Transgenomic, Inc. --
http://www.precipiodx.com-- has built a platform designed to
eradicate the problem of misdiagnosis by harnessing the intellect,
expertise and technology developed within academic institutions,
and delivering quality diagnostic information to physicians and
their patients worldwide.  Through its collaborations with
world-class academic institutions specializing in cancer research,
diagnostics and treatment, Precipio offers a new standard of
diagnostic accuracy enabling the highest level of patient care.

Transgenomic reported a net loss available to common stockholders
of $8 million on $1.55 million of net sales for the year ended Dec.
31, 2016, compared with a net loss available to common stockholders
of $34.27 million on $1.92 million of net sales for the year ended
Dec. 31, 2015.

As of June 30, 2017 Precipio had $37.01 million in total assets,
$17.24 million in total liabilities and $19.76 million in total
stockholders' equity.

Marcum LLP, in Hartford, CT, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2016, stating that the Company has incurred operating losses
and used cash for operating activities for the past several years.
This raises substantial doubt about the Company's ability to
continue as a going concern.


PRECIPIO INC: Reports $8.9 Million Net Loss for Second Quarter
--------------------------------------------------------------
Precipio, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q reporting a net loss available to
common shareholders of $8.92 million on $260,000 of net sales for
the three months ended June 30, 2017, compared to a net loss
available to common stockholders of $444,000 on $504,000 of net
sales for the three months ended June 30, 2016.

For the six months ended June 30, 2017, the Company reported a net
available to common stockholders of $9.68 million on $508,000 of
net sales compared to a net loss available to common stockholders
of $2.60 on $1.04 million of net sales for the same period during
the prior year.

As of June 30, 2017, Precipio had $37.01 million in total assets,
$17.24 million in total liabilities and $19.76 million in total
stockholders' equity.

The Company has incurred substantial operating losses and has used
cash in its operating activities for the past several years.  As of
June 30, 2017, the Company had a net loss of $4.4 million and
negative working capital of $14.5 million.  The Company's ability
to continue as a going concern is dependent upon a combination of
achieving its business plan, including generating additional
revenue, and raising additional financing to meet its debt
obligations and paying liabilities arising from normal business
operations when they come due.

Precipio said it is currently in discussions with certain investors
to raise additional capital.  There can be no assurance such
capital is available at terms favorable or agreeable to management,
if at all, or that the Company will successfully complete the
proposed capital raise.  Since the outcome of these matters cannot
be predicted with any certainty at this time, there is substantial
doubt that the Company will be able to continue as a going
concern.

Cash and cash equivalents increased by $0.9 million during the six
months ended June 30, 2017, compared to a decrease of less than
$0.1 million during the six months ended June 30, 2016.

The cash flows used in operating activities of $0.9 million during
the six months ended June 30, 2017, included a net loss of $4.4
million and an increase in accounts receivable of $0.1 million.
These were partially offset by an increase in accounts payable,
accrued expenses and other liabilities of $0.8 million and non-cash
adjustments of $3.0 million.  The cash flows used in operating
activities in the first six months of 2016 included the net loss of
$0.8 million and an increase in accounts receivable of $0.3
million.  These were partially offset by an increase in accounts
payable, accrued expenses and other liabilities of $0.3 million and
non-cash adjustments of $0.4 million.

Cash flows provided by investing activities were $0.1 million and
zero for the six months ended June 30, 2017 and 2016, respectively.


The $0.1 million for the six months ended June 30, 2017, was cash
acquired as part of the merger transaction.

Cash flows provided by financing activities totaled $1.7 million
for the six months ended June 30, 2017, which included proceeds of
$0.3 million from the issuance of senior notes, $1.4 million from
the issuance of convertible notes, and $0.4 million from the
issuance of preferred stock.  These proceeds were partially offset
by payments on the Company's debt, capital lease obligations and
for deferred financing costs of $0.4 million.  Cash flows provided
by financing activities during the six months ended June 30, 2016
included proceeds of $0.5 million from the issuance of convertible
notes partially offset by $0.1 million of payments on its debt,
capital lease obligations and for deferred financing costs.

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

                      https://is.gd/bYwHVg

                         About Precipio

Precipio, Inc., formerly known as Transgenomic, Inc. --
http://www.precipiodx.com/-- has built a platform designed to
eradicate the problem of misdiagnosis by harnessing the intellect,
expertise and technology developed within academic institutions,
and delivering quality diagnostic information to physicians and
their patients worldwide.  Through its collaborations with
world-class academic institutions specializing in cancer research,
diagnostics and treatment, Precipio offers a new standard of
diagnostic accuracy enabling the highest level of patient care.

Transgenomic reported a net loss available to common stockholders
of $8 million on $1.55 million of net sales for the year ended Dec.
31, 2016, compared with a net loss available to common stockholders
of $34.27 million on $1.92 million of net sales for the year ended
Dec. 31, 2015.

Marcum LLP, in Hartford, CT, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2016, stating that the Company has incurred operating losses
and used cash for operating activities for the past several years.
This raises substantial doubt about the Company's ability to
continue as a going concern.


QUANTUM CORP: Six Directors Elected by Stockholders
---------------------------------------------------
At the annual meeting of stockholders of Quantum Corporation held
on Aug. 23, 2017, the stockholders of the Company:

  (a) elected Paul R. Auvil III, Alex Pinchev, Clifford Press,
      Raghavendra Rau, Marc E. Rothman and Adalio T. Sanchez  
      to the Board to serve until the next Annual Meeting or until

      their successors are elected and duly qualified;

  (b) ratified the appointment of PricewaterhouseCoopers LLP as
      the independent registered public accounting firm of the
      Company for the fiscal year ending March 31, 2018;

  (c) voted for the adoption of a resolution approving, on an
      advisory basis, the compensation of the Company's named
      executive officers;

  (d) approved an amendment to the Company's 2012 Long-Term
      Incentive Plan to, among other things, increase the number
      of shares of Common Stock available for issuance under the
      Plan by 2,100,000 shares;

  (e) approved the Company's Executive Officer Incentive Plan;
      and

  (f) adopted an amendment to the Company's Amended and Restated
      Certificate of Incorporation to effect a reduction in the
      number of authorized shares of common stock.

                      About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported by
a world-class sales and service organization.

As of June 30, 2017, Quantum Corp had $213.0 million in total
assets, $331.0 million in total liabilities, and a total
stockholders' deficit of $118.0 million.  

Quantum Corp reported net income of $3.64 million for the year
ended March 31, 2017, a net loss of $76.39 million for year ended
March 31, 2016, and net income of $17.08 million for the year ended
March 31, 2015.


REYNOLDS PROTECTION: Plan Confirmation Hearing Set for Sept. 12
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas will
consider approval of the Chapter 11 plan of reorganization for
Reynolds Protection LLC at a hearing on September 12.

The hearing will be held in the courtroom of Judge Harlin Hale,
U.S. Bankruptcy Court, 14th Floor, 1100 Commerce Street, Dallas,
Texas.

The court will also consider at the hearing final approval of the
company's disclosure statement, which it conditionally approved on
August 3.

The order set a September 5 deadline for creditors to file their
objections and cast their votes accepting or rejecting the plan.

                  About Reynolds Protection

Reynolds Protection LLC filed a voluntary Chapter 11 Bankruptcy
petition in the United States Bankruptcy Court for the Northern
District of Texas, Dallas Division (Bankr. N.D. Tex. Case No.
17-30761) on March 2, 2017.  

The Debtor is represented by Joyce W. Lindauer, Esq., of Joyce W.
Lindauer Attorney, PLLC.

On August 2, 2017, the Debtor filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization.


RICE ENERGY: Egan-Jones Hikes Sr. Unsecured Ratings to BB-
----------------------------------------------------------
Egan-Jones Ratings Company, on June 19, 2017, upgraded the local
currency and foreign currency senior unsecured ratings on debt
issued by Rice Energy Inc. to BB- from B+.

Earlier, on June 16, 2017, EJR upgraded the senior unsecured
ratings on debt issued by the Company to B+ from B.

Based in Canonsburg, Pennsylvania, Rice Energy Inc., an independent
natural gas and oil company, engages in the acquisition,
exploration, and development of natural gas, oil, and natural gas
liquid (NGL) properties in the Appalachian Basin.


ROOT9B HOLDINGS: Secures Incremental Funding of $500,000
--------------------------------------------------------
root9B Holdings, announced that the Company secured incremental
funding of $500,000 to allow the Company to meet its payroll
obligations and for certain other working capital purposes by
issuing secured convertible promissory notes along with warrants to
purchase shares of the Company's common stock, par value $0.001 per
share representing 50% warrant coverage.

On Aug. 15, 2017, the Company filed a Current Report on Form 8-K
disclosing the Company received a notice from Centriole Reinsurance
Company, Ltd. as agent for the secured creditors, that the Company
had violated certain covenants set forth in the secured notes and
demanded immediate repayment of all outstanding amounts due
thereunder.

On Aug. 18, 2017 the Company filed a Current Report on Form 8-K
disclosing that the Company received a foreclosure notice from the
Agent and that, to satisfy the Company's outstanding secured
indebtedness, the Agent intended to sell substantially all of the
assets of the Company at an auction to conclude Aug. 31, 2017.
This same filing noted that in the event the auction concludes with
the sale of substantially all of the Company's assets, the value of
the Company's securities would decline dramatically or become
worthless.  There has been no change in the foreclosure
proceedings.

"While the Company is continuing its efforts to secure additional
working capital and obtain waivers from the secured creditors it is
unaware of any developments or information that would account for
the significant volume of trading in our shares," said Eric
Hipkins, RTNB's chief executive officer.

                    About Root9B Holdings

root9B Holdings (OTCQB: RTNB) -- http://www.root9bholdings.com/--
is a provider of Cybersecurity and Regulatory Risk Mitigation
Services.  Through its wholly owned subsidiaries root9B and IPSA
International, the Company delivers results that improve
productivity, mitigate risk and maximize profits.  Its clients
range in size from Fortune 100 companies to mid-sized and
owner-managed businesses across a broad range of industries
including local, state and government agencies.

Root9B Technologies, Inc., changed its name to root9B Holdings,
Inc., effective Dec. 5, 2016, and relocated its corporate
headquarters from Charlotte, NC to the current headquarters of
root9B, its wholly owned cybersecurity subsidiary, in Colorado
Springs, CO.

Root9B reported a net loss of $30.48 million for the year ended
Dec. 31, 2016, following a net loss of $8.33 million for the year
ended Dec. 31, 2015.  As of March 31, 2017, Root9B Holdings had
$16.84 million in total assets, $15.80 million in total liabilities
and $1.03 million in total stockholders' equity.

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, noting that Company has suffered
recurring losses from operations and has negative operating cash
flows and will require additional financing to fund the continued
operations.  The availability of such financing cannot be assured.
These conditions raise substantial doubt about its ability to
continue as a going concern, the auditors said.


RS & E HOLDINGS: Chapter 727 Claims Bar Date Is Dec. 5, 2017
------------------------------------------------------------
RS & E Holdings, Inc. filed a Petition commencing an Assignment for
the Benefit of Creditors proceedings, pursuant to Chapter 727,
Florida Statutes, on Aug. 7, 2017.

RS & E Holdings, as Assignor, has a principal place of business at
3428 W. 84th Street #11, Hialeah, FL 33018.

Philip J. von Kahle is the Assignee.

Pursuant to Florida Statutes Section 727.105, no proceeding may be
commenced against the Assignee except as provided in Chapter 727
and except in the case of a secured creditor enforcing its rights
and collateral under Chapter 679, there shall be no levy,
execution, attachment, or the like in the respect of any judgment
against assets of the estate, other than real property, in the
possession, custody, or control of the Assignee.

To receive any dividend in this proceeding, interested parties must
file a Proof of Claim form with the Assignee:

     Philip von Kahle
     Michael Moecker & Associates
     1883 Marina Mile Boulevard, Suite 106
     Fort Lauderdale, FL 33315

The deadline to file proofs of claim is Dec. 5, 2017.

The case is, In re: RS & E HOLDINGS, INC., a Florida Corporation,
Assignor, To: PHILIP J. VON KAHLE, Assignee, CASE NO:
2017-019114-CA-01 (05), IN THE CIRCUIT COURT OF THE 11TH JUDICIAL
CIRCUIT IN AND FOR MIAMI-DADE COUNTY, FLORIDA.


SAEXPLORATION HOLDINGS: Reports Q2 Consolidated Financial Results
-----------------------------------------------------------------
SAExploration Holdings, Inc., announced its consolidated financial
results for the second quarter and six months ended June 30, 2017.

Jeff Hastings, Chairman and CEO of SAE, commented, "The second
quarter was a very difficult period for SAE.  We maintained our
superior level of execution on the projects we performed, but
continue to be hampered by sparse activity, limited visibility and
tighter pricing.  Despite seeing the dip in activity beginning in
the fourth quarter of last year, and despite benefiting from a
dependable winter market in Alaska and a large ocean-bottom marine
project in West Africa during the first quarter of this year,
replacing our backlog at a more consistent rate has proven to be an
arduous task in this market environment.  Furthermore, the lack of
activity in our international markets has been exacerbated by
heightened competitive pressure leading to less favorable pricing
on the new projects we secure.  Although it now appears that 2017
will prove to be our most challenging year yet, we are encouraged
by the level of dialogue and interest surrounding opportunities in
2018 and beyond.  This optimism is supported by our ability to
recently add projects in Alaska and Colombia to our backlog for
2018.

One constant that cannot be inherently changed is the perpetual
need to find new sources of hydrocarbons to replace existing
production and consumption.  Only producing from existing
reservoirs without replacing the depleting assets is not a
sustainable long-term strategy."

Mr. Hastings continued, "As we continue to progress through the
second half of 2017, we expect to be active primarily in Colombia,
largely supported by our multi-year agreement with Hocol, while
also running crews in Canada.  Additionally, we are pleased to
announce that our hard work and long hours requesting and seeking
the issuance of our remaining tax credit certificates from the
State of Alaska has resulted in the receipt of an additional $16
million of tax credit certificates.  We will continue to
aggressively seek means to monetize the $26 million of tax credit
certificates we currently have on-hand, while awaiting the issuance
of the remaining $43 million of tax credits currently being
processed, which we expect to be issued during the remainder of
2017 and the beginning of 2018.  After months of inaction and
uncertainty that caused potential buyers of tax credits to pause
future purchase decisions, the state legislature finally reached a
compromise on the new tax credit legislation that recently passed
that included certain amendments that could re-open the secondary
market for monetizing tax credit certificates.  However, we believe
further regulatory action is needed to formalize the new
legislation, which may take time.  Additionally, we believe the
State of Alaska will continue to minimize funds allocated in future
budgets to a degree that effectively eliminates any near-term
potential for monetization directly from the State of Alaska."

Mr. Hastings concluded, "We have also been working hard towards our
goal of preserving liquidity and maximizing our financial
flexibility.  In recent weeks, we have been successful at
meaningfully converting our restricted cash through exchanging our
Nigerian Naira into U.S. dollars and we expect to exchange our
remaining Naira by the end of the third quarter.  Additionally, we
are pleased to announce that we have entered into an agreement with
all of the lenders under our senior term loan facility due January
2018 to extend the maturity of approximately $29 million of the
principal outstanding until January 2020.  This agreement will also
amend certain terms and features of the original senior term loan
facility, including, but not limited to, the interest rate, the
make-whole provision, and the call schedule.  Further details will
be provided in additional disclosures upon the successful closing
of the contemplated transaction.  We view this agreement as a major
positive development for SAE, and one step towards our larger goal
of optimizing our capital structure to ensure our company is more
competitive in this new market environment."

              Second Quarter 2017 Financial Results

Revenues decreased 76.2% to $13.6 million from $57.0 million in Q2
2016, primarily due to a decrease in the number or size of projects
in Alaska and South America when compared to the same period last
year.  Activity levels in all jurisdictions continue to be impacted
by poor market conditions due to a sustained low commodity price
environment and continued uncertainty regarding the outlook for the
oil and gas industry.

Gross loss was $(1.0) million, or -7.5% of revenues, compared to a
gross profit of $16.4 million, or 28.7% of revenues, in Q2 2016.
Gross profit (loss) for Q2 2017 and Q2 2016 included depreciation
expense of $2.9 million and $4.2 million, respectively. Gross
profit excluding depreciation expense, or adjusted gross profit,
which is defined and calculated below, for Q2 2017 was $1.9
million, or 14.2% of revenues, compared to $20.5 million, or 36.0%
of revenues, in Q2 2016.  Gross loss during Q2 2017 was negatively
impacted by less favorable pricing on fewer projects that generated
less revenue than those performed in Q2 2016.

Selling, general and administrative expenses during the quarter
decreased 11.9% to $6.4 million, or 46.9% of revenues, compared to
$7.2 million, or 12.7% of revenues, in Q2 2016.  The decrease in
SG&A expenses was primarily due to lower revenue in Q2 2017
compared to the same period last year.  However, this was partially
offset by an increase in non-cash share-based compensation expense
in Q2 2017. During Q2 2017 and Q2 2016, there were approximately
$0.7 million and $1.0 million, respectively, of non-recurring or
non-cash expenses included in SG&A.

Loss before income taxes was $(17.4) million during the quarter,
compared to income before income taxes of $3.6 million in Q2 2016.
The decrease in income before income taxes was largely due to
significantly lower gross profit and higher other expense compared
to Q2 2016.  During Q2 2017, other expense included, among other
items, $8.6 million of interest expense, of which, approximately
$5.3 million was non-cash amortization of loan issuance costs and
$2.3 million was interest that was paid in-kind.

Net loss attributable to the Corporation for the quarter was
$(17.9) million, or $(1.91) per diluted share, compared to net
income attributable to the Corporation of $0.3 million, or $1.97
per diluted share, on a reverse split-adjusted basis, in Q2 2016.
Net loss was impacted by a number of factors during Q2 2017,
including:

   * Lower gross profit primarily due to lower revenue;

   * Higher interest expense due to the amortization of deferred
     financing costs for the senior loan facility;

   * A decrease in gain on foreign currency transactions; and

   * An increase in foreign currency losses due to trades and
     foreign currency exposure on a project in Nigeria; partially
     offset by

   * A decrease in SG&A expenses due to lower revenue; and

   * Costs of debt restructuring incurred in Q2 2016 not repeated
     in Q2 2017.

Adjusted EBITDA, which is defined and calculated below, was $(3.8)
million during the quarter, or -27.9% of revenues, compared to
$14.3 million, or 25.1% of revenues, in Q2 2016.

Capital expenditures for the quarter were $0.1 million, compared to
$0.5 million in Q2 2016.  The low level of capital expenditures in
both periods was primarily due to the deteriorating conditions in
the oil and gas industry, which presented limited to no growth
opportunities requiring capital expenditures.

                First Half 2017 Financial Results

Revenues decreased 32.3% to $99.7 million from $147.2 million in
the first half of 2016. Revenues in 1H 2017 decreased significantly
in North and South America due to a decrease in active projects in
these regions compared to the prior period.  In Alaska, the
decrease in activity was mainly due to changes in state legislation
that created uncertainty at the customer level with respect to
their capital spending plans.  The year-over-year decrease in
revenue in South America was largely attributable to a large
project in Bolivia in 1H 2016 compared to limited activity in 1H
2017.  The overall revenue decrease in 1H 2017 was partially offset
by a large increase in activity in West Africa from a large
ocean-bottom marine project that was completed during Q1 2017.
Activity in Canada remained stable during 1H 2017 compared to the
same period in 2016.

Gross profit decreased 43.6% to $24.1 million, or 24.2% of
revenues, from $42.8 million, or 29.1% of revenues, in 1H 2016.
Gross profit for 1H 2017 and 1H 2016 included depreciation expense
of $6.2 million and $8.4 million, respectively.  Excluding
depreciation expense, adjusted gross profit for 1H 2017 was $30.3
million, or 30.4% of revenues, compared to $51.2 million, or 34.8%
of revenues, in the first half of 2016.  The decrease in gross
profit was primarily related to the decrease in revenue from a
reduction in the number of active projects in 1H 2017 compared to
1H 2016.  This was partially offset by a decrease in depreciation
expense resulting from the sale of some ocean-bottom nodal
recording equipment in the fourth quarter of 2016 and an increase
in revenue from West Africa.

SG&A expenses decreased 7.8% to $12.9 million, or 12.9% of
revenues, from $14.0 million, or 9.5% of revenues, in the first
half of 2016.  The decrease in SG&A expenses was primarily due to a
decrease in revenue and a decrease in severance costs partially
offset by an increase in stock-based compensation expense.  During
1H 2017 and 1H 2016, there were approximately $1.6 million and $1.2
million, respectively, of non-recurring or non-cash expenses
included in SG&A.
Income (loss) before income taxes was $(6.8) million, compared to
$20.9 million in the first half of 2016.  The decrease in income
before income taxes was largely due to a meaningful increase in
other expense.  During 1H 2017, other expense included, among other
items, approximately $16.9 million of interest expense, of which,
approximately $10.5 million was non-cash amortization of loan
issuance costs and $4.5 million of interest that was paid in-kind.
Also included in other expense in 1H 2017 was a $1.0 million
foreign exchange loss, compared to a $2.4 million foreign exchange
gain in the same period last year.

Provision for income taxes was $2.2 million, compared to $3.4
million during the first six months of 2016.  The decrease in
provision for income taxes was primarily due to fluctuations in
earnings among the various jurisdictions in which the company
operates, partially offset by increases in valuation allowances
from U.S. losses and foreign tax differentials.

Net income (loss) attributable to the Corporation was $(11.1)
million, or $(1.18) per diluted share, compared to $14.5 million,
or $112.09 per diluted share, in the first half of 2016.  Net loss
attributable to the Corporation in 1H 2017 was impacted by a number
of factors, including:

   * Lower gross profit as a result of decreased revenues;

   * Higher interest expense, primarily attributable to
     amortization of loan issuance costs;

   * Decrease in gains on foreign currency transactions due to
     large gains in 2016 related to the strengthening U.S. dollar
     during that time period;

   * Increase in foreign currency loss due to trades and foreign   
  
     currency exposure on a project in Nigeria; and

   * Proportionately higher provision for income taxes; partially
     offset by

   * Lower SG&A expenses due to lower revenue; and

   * Costs of debt restructuring of $2.3 million in 2016 not
     repeated in 2017.

Adjusted EBITDA for the first six months decreased 50.7% to $18.9
million, or 19.0% of revenues, from $38.4 million, or 26.1% of
revenues, in 1H 2016.

Capital expenditures in 1H 2017 were $2.2 million, compared to $0.7
million in the first half of 2016.  Capital expenditures in 1H 2017
primarily relate to the remaining cash payments for the purchase of
a set of vibrators in the fourth quarter of 2016, as well as the
purchase of additional camp equipment and vibrators in the first
quarter of 2017.  Given the state of the industry and the
significant reduction in oil and gas activity by exploration and
production companies, any significant investment in capital
expenditures, particularly in large equipment purchases, is highly
unlikely until the broader market demonstrates a consistent and
sustainable recovery.  Therefore, based on current market
conditions, SAE expects its total capital expenditures for 2017
will be under $5.0 million.

On June 30, 2017, cash, cash equivalents and restricted cash
totaled $25.4 million, which included $5.1 million of restricted
cash that was primarily related to exchange control regulations in
a West African country where SAE completed a deep-water
ocean-bottom marine project during Q1 2017.  Also on June 30, 2017,
working capital was $26.7 million, total debt at face value,
excluding net unamortized premiums or discounts, was $119.7
million, and total stockholders' equity was $30.0 million.

                     Contracted Backlog

As of June 30, 2017, SAE's backlog was $58.8 million.  Bids
outstanding on the same date totaled $131.6 million. The entire
backlog was comprised of land-based projects, with 64% in South
America and the remainder in North America.  SAE currently expects
to complete approximately 53% of the projects in its backlog on
June 30, 2017 during the second half of 2017, with the balance
expected to be performed during 2018.

The estimations of realization from the backlog can be impacted by
a number of factors, however, including deteriorating industry
conditions, customer delays or cancellations, permitting or project
delays and environmental conditions.

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

                     https://is.gd/wC29xg

                  About SAExploration Holdings

Based in Houston, Texas, SAExploration Holdings, Inc. (NASDAQ:SAEX)
is an internationally-focused oilfield services company offering a
full range of vertically-integrated seismic data acquisition and
logistical support services in Alaska, Canada, South America, and
Southeast Asia to its customers in the oil and natural gas
industry.  In addition to the acquisition of 2D, 3D, time-lapse 4D
and multi-component seismic data on land, in transition zones
between land and water, and offshore in depths reaching 3,000
meters, the Company offers a full-suite of logistical support and
in-field data processing services.  The Company operates crews
around the world that are supported by over 29,500 owned land and
marine channels of seismic data acquisition equipment and other
leased equipment as needed to complete particular projects.

SAExploration reported a net loss attributable to the Company of
$25.03 million on $205.56 million of revenue from services for the
year ended Dec. 31, 2016, compared to a net loss attributable to
the Company of $9.87 million on $228.13 million of revenue from
services for the year ended Dec. 31, 2015.  

                          *     *     *

In June 2016, S&P Global Ratings lowered its corporate credit
rating on SAExploration Holdings to 'CC' from 'CCC-'.  At the same
time, S&P lowered the issue-level rating on the company's senior
secured notes to 'CC' from 'CCC-'.  The outlook remains negative.
The downgrade follows SAExploration's announcement that it plans to
launch an exchange offer to existing holders of its 10% senior
secured notes for shares of common equity and a new issue of
second-lien notes.  Following the rating action, S&P withdrew the
corporate credit and issue-level ratings at the company's request.

In September 2016, Moody's Investors Service withdrew
SAExploration's 'Caa2' Corporate Family Rating and other ratings.


SEARS CANADA: Fairholme Capital Reports 15.9% Equity Stake
----------------------------------------------------------
As disclosed in a regulatory filing with the Securities and
Exchange Commission, 16,201,677 common shares (15.9%) of Sears
Canada Inc. are owned, in the aggregate, by Bruce R. Berkowitz and
various investment vehicles managed by Fairholme Capital
Management, L.L.C., of which 1,469,243 are owned by The Fairholme
Allocation Fund and 10,075,672 are owned by The Fairholme Fund,
each a series of Fairholme Funds, Inc.  Because Mr. Berkowitz, in
his capacity as the controlling person of the sole member of FCM or
as president of Fairholme Funds, Inc., has voting or dispositive
power over all shares beneficially owned by FCM, he is deemed to
have beneficial ownership of all those shares.

Mr. Berkowitz additionally beneficially owns 342,960 Common Shares
in his individual capacity.

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

                    https://is.gd/mXQn4d

                     About Sears Canada

Sears Canada Inc. is an independent Canadian digital and
store-based retailer and technology company whose head office is
based in Toronto.  Sears Canada's unique brand format offers
premium quality Sears Label products, designed and sourced by Sears
Canada, and of-the-moment fashion and home decor from designer
labels in The Cut @Sears.  Sears Canada also has a top ranked
appliance and mattress business in Canada.  Sears Canada is
undergoing a reinvention, including new customer experiences at
every touchpoint, a new e-commerce platform, new store concepts,
and a new set of customer service principles designed to deliver
WOW experiences to customers.  Information can be found at
sears.ca/reinvention.  Sears Canada operates as a separate entity
from its U.S.-based co-founder, now known as Sears Holdings
Corporation, based in Illinois.

The Company's balance sheet as of April 29, 2017, showed total
assets of C$1.187 billion against total liabilities of C$1.107
billion.

Amid mounting losses and liquidity constraints Sears Canada and
certain of its subsidiaries on June 22, 2017, applied to the
Ontario Superior Court of Justice (Commercial List) for protection
under the Companies' Creditors Arrangement Act ("CCAA"), in order
to continue to restructure its business.

Sears Canada and its subsidiaries on June 22, 2017, were granted
an order (the "Initial Order") under the Companies' Creditors
Arrangement Act (the "CCAA").  Pursuant to the Initial Order, FTI
Consulting has been appointed Monitor.  Sears Canada and certain of
its subsidiaries have obtained orders from the Ontario Superior
Court of Justice (Commercial List) extending the stay period
provided by the Initial Order to Oct. 4, 2017, under the Companies'
Creditors Arrangement Act.

The Company has engaged BMO Capital Markets, as financial advisor,
and Osler, Hoskin & Harcourt LLP, as legal advisor.  The Board of
Directors and the Special Committee of the Board of Directors of
the Company has retained Bennett Jones LLP, as legal advisor.

FTI Consulting is the Court-appointed monitor.  The Monitor tapped
Norton Rose Fulbright Canada LLP as counsel.


SEARS CANADA: Fairholme Cuts Ownership Stake to 16.6%
-----------------------------------------------------
Fairholme Capital Management, L.L.C. reported beneficial ownership
of 16,898,877 shares of common stock of Sears Canada Inc.
representing 16.6 percent based upon the 101,877,662 Shares
outstanding as of June 13, 2017, according to Sears.

Fairholme Funds, Inc. may be deemed to be the beneficial owner of
11,784,115 Shares (11.6%) of the Company.  The Fund has the sole
power to vote or direct the vote of 0 Shares, the Fund has the
shared power to vote or direct the vote of 11,784,115 Shares, the
Fund has the sole power to dispose or direct the disposition of 0
Shares and the Fund has the shared power to dispose or direct the
disposition of 11,784,115 Shares to which this filing relates.  Of
the 11,784,115 Shares deemed to be beneficially owned by the Fund,
10,075,672 are owned by The Fairholme Fund and 1,708,443 are owned
by The Fairholme Allocation Fund, each a series of the Fund.

Bruce R. Berkowitz may be deemed to be the beneficial owner of
17,241,837 Shares (16.9%) of the Issuer.  Mr. Berkowitz has the
sole power to vote or direct the vote of 342,960 Shares, Mr.
Berkowitz has the shared power to vote or direct the vote of
15,545,093 Shares, Mr. Berkowitz has the sole power to dispose or
direct the disposition of 342,960 Shares and Mr. Berkowitz has the
shared power to dispose or direct the disposition of 16,898,877
Shares to which this filing relates.

For the period from July 28, 2017, through Aug. 22, 2017, accounts
advised by Fairholme Capital Management, L.L.C sold an aggregate of
4,183,411 common shares.

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

                    https://is.gd/iBHAc0

                      About Sears Canada

Sears Canada Inc. is an independent Canadian digital and
store-based retailer and technology company whose head office is
based in Toronto.  Sears Canada's unique brand format offers
premium quality Sears Label products, designed and sourced by Sears
Canada, and of-the-moment fashion and home decor from designer
labels in The Cut @Sears.  Sears Canada also has a top ranked
appliance and mattress business in Canada.  Sears Canada is
undergoing a reinvention, including new customer experiences at
every touchpoint, a new e-commerce platform, new store concepts,
and a new set of customer service principles designed to deliver
WOW experiences to customers.  Information can be found at
sears.ca/reinvention.  Sears Canada operates as a separate entity
from its U.S.-based co-founder, now known as Sears Holdings
Corporation, based in Illinois.

The Company's balance sheet as of April 29, 2017, showed total
assets of C$1.187 billion against total liabilities of C$1.107
billion.

Amid mounting losses and liquidity constraints Sears Canada and
certain of its subsidiaries on June 22, 2017, applied to the
Ontario Superior Court of Justice (Commercial List) for protection
under the Companies' Creditors Arrangement Act ("CCAA"), in order
to continue to restructure its business.

Sears Canada and its subsidiaries on June 22, 2017, were granted an
order (the "Initial Order") under the Companies' Creditors
Arrangement Act (the "CCAA").  Pursuant to the Initial Order, FTI
Consulting has been appointed Monitor.  Sears Canada and certain of
its subsidiaries have obtained orders from the Ontario Superior
Court of Justice (Commercial List) extending the stay period
provided by the Initial Order to Oct. 4, 2017, under the Companies'
Creditors Arrangement Act.

The Company has engaged BMO Capital Markets, as financial advisor,
and Osler, Hoskin & Harcourt LLP, as legal advisor.  The Board of
Directors and the Special Committee of the Board of Directors of
the Company has retained Bennett Jones LLP, as legal advisor.

FTI Consulting is the Court-appointed monitor.  The Monitor tapped
Norton Rose Fulbright Canada LLP as counsel.


SEVEN OAKS: To Pay Debtors Through Receivables, Property Sale
-------------------------------------------------------------
Seven Oaks Partners, LP, filed with the U.S. Bankruptcy Court for
the District of Connecticut a revised third amended disclosure
statement dated Aug. 16, 2017, referring to its proposed third
amended plan of reorganization.

Class 2 Unsecured Claims are impaired under the Plan.  Murray
Chodos will subordinate his claim to the claims of Class 1
creditors.  Cynthia Licata's claim, to the extent it is allowed, is
subordinated to the claims of class 1 creditors by virtue of its
late filing.  The allowed unsecured claims of Class 2 creditors
will be paid from the net proceeds of the sale of the real property
located at 23 Meetinghouse Road, Greenwich, Connecticut, on a pro
rata basis.

The Debtor retained a broker to market and sell the Greenwich
Property, which broker marketed the property during 2016.  The
listing agreement with the broker has expired and currently there
is no retained broker for the sale of the Greenwich Property.  The
Debtor intends to seek retention of a broker to continue its
efforts to market and sell the Greenwich Property.  The sale
proposed in the Plan will be made pursuant to Section 1146 of the
Bankruptcy Code, which provides that property transferred under a
confirmed plan will not be taxed under any law imposing a stamp tax
or similar tax.  The Debtor will seek an exemption from the
imposition of state and local conveyance taxes upon the sale of the
Greenwich Property and will request a finding in the court order
confirming the Plan that no tax is due on the conveyance of the
Greenwich Property pursuant to the Plan.

The Debtor will utilize funds realized from the collection of any
of its receivables and the sale of the Greenwich Property to fund
payments due under the Plan.  Wilnin Capital has agreed to fund the
payment of the Debtor's real estate tax obligations when due for at
least three years after the Effective Date and will not seek to
recover any such funds from the Debtor or its property.  If the
Greenwich Property is not sold after the three-year period, the
Debtor will seek to retain a licensed real estate auction company
to auction the Greenwich Property after at least 45 days of
marketing by the auction company and pay its obligations under the
Plan.

As of the Petition Date, the Debtor owned five other loans, as
listed on its bankruptcy schedules.  It believes that three of the
loans (Carpenito, Fersko and Mehling) have become uncollectable due
to foreclosures of prior liens on the properties securing these
loans.  The Debtor will continue its efforts to recover funds on
the two remaining loans (DFT Trust and Sherri DeVito), the Debtor
has an outstanding judgment against Sherri DeVito, but it is unable
to project the size of any recovery.  The principal amount of these
two claims exceed $1.8 million.

After Confirmation, Murray Chodos will continue to serve as the
President of the Debtor's general partner.  Wilnin Capital has
agreed to fund the expenses associated with the maintenance of the
Greenwich Property until it is sold and has agreed not to seek
reimbursement for such expenses, excluding the Wilnin Loan, from
the Debtor.  The general partner will not receive any compensation
for its services until all distributions to Class 1 and 2 holders
are made.

A copy of the Revised Disclosure Statement is available at:

          http://bankrupt.com/misc/ctb12-50168-543.pdf

As reported by the Troubled Company Reporter on Aug. 21, 2017, the
Debtor filed with the Court a third amended disclosure statement
referring to its proposed third amended plan of reorganization.
This version of the plan made several changes to its liquidation
analysis.  It asserted that the Debtor expects to receive an
additional $6,588 from the Blechman bankruptcy estate.  It also
stated that a Chapter 7 proceeding would include the costs of a
Chapter 7 trustee's commission and exclude advances by Wilnin
Capital to pay real estate tax obligations which enable the Debtor
to market the Greenwich Property and maximize a recovery.  The
Debtor's assets include cash in its bank account (approximately
$7,000) and loan receivables in collection of more than $1.8
million. Due to collectability questions regarding the receivables,
the Debtor is unable to project how much it will recover from the
receivables.

                   About Seven Oaks Partners

Seven Oaks Partners, LP, was formed in February 2000 and operated a
successful real estate business that purchased, developed, managed
and sold real estate.  Seven Oaks filed a Chapter 11 bankruptcy
petition (Bankr. D. Conn. Case No. 12- 50168) on Jan. 31, 2012.
Judge Alan S. Trust presides over the case.  Douglas S. Skalka,
Esq., at Neubert, Pepe & Monteith, P.C., serves as counsel to the
Debtor.


SINGH LODGING: Ch. 11 Trustee Sought Due to Gross Mismanagement
---------------------------------------------------------------
William K. Harrington, the U.S. Trustee for Region 2, requests the
U.S. Bankruptcy Court for the Western District of New York to
dismiss the Chapter 11 case of Singh Lodging, Inc., or, in the
alternative, converting this case to Chapter 7, or in the further
alternative, to appoint a Chapter 11 Trustee.

The U.S. Trustee mentions that the Debtor is currently managed and
controlled by a state court appointed receiver resulting from a
foreclosure proceeding initiated by its mortgagee, ZB, N.A. d/b/a
Zions Bank.

The U.S. Trustee notes that the Debtor's schedules indicate that
the secured claims significantly exceed the value of the assets of
the bankruptcy estate. The Debtor values its real property assets
at $2,500,000 and lists secured debt of $3,471,065. As such, the
U.S. Trustee concludes that there appears to be no equity available
to unsecured creditors and the likelihood of successful
reorganization in this case is highly doubtful.

The U.S. Trustee also notes that Zions Bank and the state court
appointed receiver, Mr. M. Neal Eckard, have opposed the Debtor's
request to use cash collateral and have objected to the removal of
the Receiver and the turnover of the Debtor's assets. In the filed
opposition to the Debtor's motion for the use of cash collateral,
Zions Bank and Mr. Eckard outline serious concerns relating to the
Debtor's management and maintenance of the hotel property.

The Receiver has alleged that the Debtor's "available operating
records were virtually non-existent". Further, the opposition
alleged that the Debtor has not filed quarterly reports to pay
occupancy taxes to the City of Lancaster. The Receiver has further
alleged numerous safety and maintenance issues in addition to
"numerous instances of illegal activity occurring on the premises".


Clearly, the U.S. Trustee points out that the Receiver's
allegations assert that the Debtor's pre-petition operations
suffered from gross mismanagement which cannot be absolved by the
filing of a Chapter 11 petition. Accordingly, even if some of the
Receiver's material allegations are true, the U.S. Trustee believes
that "cause" exists to dismiss or convert this case, or to appoint
a Chapter 11 Trustee. The U.S. Trustee's preferred remedy is
dismissal.

The U.S. Trustee can be reached through:

           Joseph W. Allen, Esq.
           Assistant United States Trustee
           Olympic Towers
           300 Pearl Street, Suite 401
           Buffalo, New York 14202
           Telephone: (716) 551-5541  

                       About Singh Lodging

Singh Lodging, Inc., provides accommodation for travelers.  It owns
a fee simple interest in a property located at 50 Freeman Drive,
Lancaster, New York, valued at $2.5 million.

Singh Lodging filed a Chapter 11 petition (Bankr. W.D.N.Y. Case No.
17-11637) on Aug. 4, 2017.  The petition was signed by Kabal S.
Virk, president.  At the time of filing, the Debtor disclosed $2.53
million in assets and $3.63 million in liabilities.

Robert B. Gleichenhaus, Esq., at Gleichenhaus, Marchese, Weishaar,
P.C., is serving as counsel to the Debtor.

As of August 15, 2017, the U.S. Trustee has not appointed a
Committee of Unsecured Creditors.  


SIXTY SIXTY CONDOMINIUM: $1M Bulk Sale of All Assets to MRC Okayed
------------------------------------------------------------------
Judge Robert A. Mark of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Sixty Sixty Condominium Association,
Inc.'s bulk sale of all assets to Marc Realty Capital, LLC, for
$1,000,000.

Hearings on the Motion were held on April 13, 2017, May 2, 2017 and
June 21, 2017; evidentiary hearings on July 13, 14, and 21, 2017;
and a final hearing on Aug. 18, 2017.

The sale is "as is, where is" with all faults and no warranties of
any kind; and free and clear of all claims, liens and encumbrances,
except the claims and liens of Schecher Group, Inc., and the
provisions of the declaration, for which the Buyer will take
subject to the Schecher Liens.  The claims and liens against the
Real Property will attach to the proceeds of the sale.

The Objections are Overruled In-Part and Sustained In-Part as in
the Court's Prior Orders.  Schecher's objection is overruled
except, as follows:

    a. The Buyer will indemnify, defend, and hold Schecher harmless
from and against all claims, costs, expenses, and liabilities
arising out of Buyer's entry upon the HU and/or the performance of
the tests and investigations conducted by Buyer on the HU during
and in connection with the Due Diligence Period under the MRC
Contract.

    b. Schecher will allow reasonable access to the Buyer to
conduct reasonable, nonevasive, non-soil boring tests and
investigations, and excluding any Phase I and II Environmental
Studies on the Hotel Unit, relating only to the Real Property and
the Residential non-debtor sellers' Units as if the Buyer had all
of the rights of access of the Debtor and the non-debtor seller
RUOs.

    c. Schecher's objection to approval of the MRC Contract based
upon the failure of RUOs to pay their allocable share of utilities
is overruled without prejudice to Schecher seeking enforcement of
the Court's June 23, 2017 Order Granting Application for
Administrative Expense and Granting Limited Stay Relief.

    d. Schecher's objection to approval of the MRC Contract without
personal guaranties is overruled without prejudice to Schecher
raising the financial condition of the buyer and the absence of
guarantees as an objection to confirmation if the Shared Costs are
not determined prior to confirmation.

The Broker's commission in the amount of 1% of the final purchase
price of all units participating in the Bulk Sale, including the
Debtor's Real Property, is approved.  The Broker will be paid (i)
$10,000 from the Debtor out of the sale proceeds attributable to
the Real Property; and (ii) 1% of the total sales price for all
non-debtor RUOs by the non-debtor RUOs out of the sale proceeds
attributable to such non-debtor RUOs.  The Broker Commission will
not be deemed earned and will not be paid until there is a
successful closing.

The Order will be effective immediately upon its entry for purposes
of the Commencement Date and Due Diligence Period under the MRC
Contract; provided however, in accordance with Federal Rule of
Bankruptcy Procedure 6004(h), the Order will be stayed in all other
respects until the expiration of 14 days after entry of the Order.

                   About Sixty Sixty Condominium

Sixty Sixty Condominium is a mixed-use hotel/residential building
located at 6060 Indian Creek Drive in Miami Beach, Florida.  Sixty
Sixty Condominium Association, Inc., a non-profit corporation, is
responsible for, among other things, the management, operation, and
maintenance of the Condominium's "Common Elements", and other
obligations imposed by state statute.

Sixty Sixty Condominium Association, Inc., filed a Chapter 11
bankruptcy petition (Bankr. S.D. Fla. Case No. 16-26187) on Dec. 5,
2016, listing $100,000 to $500,000 in total assets, and $1 million
to $10 million in liabilities.  The petition was signed by Maria
Velez, president of the Board of Directors.

The Hon. Robert A. Mark presides over the case.

Brett D. Lieberman, Esq., at Messana, P.A., represents the Debtor
as counsel.  Juda Eskew & Associates, PA, serves as the Debtor's
accountant.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case.


SKYWEST INC: Egan-Jones Lowers Sr. Unsecured Ratings to BB
----------------------------------------------------------
Egan-Jones Ratings Company, on June 16, 2017, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by SkyWest Inc. to BB from BB+.

SkyWest, Inc., through its subsidiaries, SkyWest Airlines, Inc.
(SkyWest Airlines) and ExpressJet Airlines, Inc. (ExpressJet),
operates regional airline operations in the United States.


SPANISH BROADCASTING: Two Directors Tender Resignations
-------------------------------------------------------
Alan B. Miller and Gary B. Stone notified Spanish Broadcasting
System, Inc. on Aug. 17, 2017, of their resignation as members of
the Board of Directors of the Company.  The Company and the Board
wish to thank Messrs. Miller and Stone for their service since they
joined the Board in 2014.

Messrs. Miller and Stone were elected to the Board by the holders
of the Company's 10 3/4% Series B Cumulative Exchangeable
Redeemable Preferred Stock due to the existence of a "Voting Rights
Triggering Event" under the Certificate of Designations.  The
Voting Rights Triggering Event has previously been disclosed by the
Company, including in its Annual Report for the Year Ended Dec. 31,
2016.  The holders of the Series B Preferred Stock have the right
to elect two new directors to the Board to fill the seats vacated
by Messrs. Miller and Stone for their unexpired terms at a special
meeting of the holders of the Series B Preferred Stock.  The two
vacancies on the Board will remain unfilled until such time as the
holders of the Series B Preferred Stock appoint two new directors.

                  About Spanish Broadcasting

Spanish Broadcasting System, Inc. (OTCMKTS:SBSAA) --
http://www.spanishbroadcasting.com/-- is one of the largest owners
and operators of radio stations in the United States.  SBS owns and
operates 17 radio stations located in the top U.S. Hispanic markets
of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto
Rico, airing the Spanish Tropical, Regional Mexican, Spanish Adult
Contemporary, Top 40 and Latin Rhythmic format genres.  SBS also
operates AIRE Radio Networks, a national radio platform which
creates, distributes and markets leading Spanish-language radio
programming to over 250 affiliated stations reaching 93% of the
U.S. Hispanic audience.  SBS also owns MegaTV, a television
operation with over-the-air, cable and satellite distribution and
affiliates throughout the U.S. and Puerto Rico.  SBS also produces
live concerts and events and owns multiple bilingual websites,
including http://www.LaMusica.com/, an online destination and
mobile app providing content related to Latin music, entertainment,
news and culture.

Spanish Broadcasting reported a net loss of $16.34 million for the
year ended Dec. 31, 2016, compared with a net loss of $26.95
million for the year ended Dec. 31, 2015.

As of June 30, 2017, Spanish Broadcasting had $437.53 million in
total assets, $559.69 million in total liabilities and a total
stockholders' deficit of $122.16 million.

Crowe Horwath LLP, in Fort Lauderdale, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, stating that the 12.5% Senior Secured
Notes had a maturity date of April 15, 2017.  Cash from operations
or the sale of assets was not sufficient to repay the notes and
other short term obligations when they became due, which resulted
in significant liquidity requirements on the Company that raise
substantial doubt about its ability to continue as a going
concern.

                          *     *     *

In May 2017, S&P Global Ratings withdrew its 'D' corporate credit
rating and issue-level ratings on Spanish Broadcasting System.  "We
withdrew the ratings because we were unlikely to raise them from
'D', based on SBS' ongoing plans to restructure its debt," said S&P
Global Ratings' credit analyst Scott Zari.  S&P had downgraded SBS
to 'D' on April 21, 2017, following the company's announcement that
it didn't repay its $275 million 12.5% senior secured notes that
were due April 15, 2017.

In April 2017, Moody's Investors Service downgraded SBS's corporate
family rating to 'Ca' from 'Caa2'.  SBS's 'Ca' corporate family
rating reflects an elevated expected loss rate following the
recently announced default under the company's 12.5% senior secured
notes due April 2017.


SPI ENERGY: Strong Textile Owns 3.8% of Shares as of Aug. 24
------------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Caihong Lu and Strong Textile Hong Kong Limited
reported that they beneficially owns 24,285,010 ordinary shares of
SPI Energy Co. Ltd. representing 3.8 percent of the shares
outstanding based on 645,067,172 shares outstanding as of Aug. 24,
2017.

Strong Textile is a Hong Kong corporation.  Caihong Lu is the sole
shareholder of Strong Textile and owns 100% of the total
outstanding shares of Strong Textile as of Aug. 24, 2017.

Pursuant to a Purchase Agreement dated July 22, 2014, Strong
Textile acquired 37,060,000 shares of Common Stock, par value
$.0001 per share at $0.27 per share for an aggregate purchase price
of $10,006,200 from Solar Power, Inc., a California corporation,
which re-domiciled to the Cayman Islands through a merger with and
into a wholly-owned subsidiary of the Issuer, which was completed
on Jan. 4, 2016.

Pursuant to a Purchase Agreement dated Sept. 22, 2014, Strong
Textile acquired 5,000,000 shares of Common Stock, par value of
$.0001 per share of SPI for the aggregate amount of $5,850,000 at
$1.17 per share from the SPI.

As a result of the purchase pursuant to the July 22 Purchase
Agreement and the September 22 Purchase Agreement, Strong Textile
directly owned 7.8% of the total outstanding shares of SPI as of
Sept. 22, 2014, as the total outstanding shares of common stock of
SPI is 541,112,502 as of Sept. 22, 2014.

Pursuant to the Second Amended and Restated Agreement and Plan of
Merger and Reorganization, dated Oct. 30, 2015, each ten issued and
outstanding shares of SPI's common stock acquired prior to 3:00
P.M. EST, Nov. 5, 2015, were converted into the right to receive
one ADS, representing ten ordinary shares of the Issuer.

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

                       https://is.gd/JMPEPl

                       About SPI Energy Co.

Hong Kong-based SPI Energy Co., Ltd. (NASDAQ:SPI) --
http://investors.spisolar.com/-- is a global provider of
photovoltaic (PV) solutions for business, residential, government
and utility customers and investors.  SPI Energy focuses on the
EPC/BT, storage and O2O PV market including the development,
financing, installation, operation and sale of utility-scale and
residential PV projects in China, Japan, Europe and North America.
The Company operates an online energy e-commerce and investment
platform in China, as well as B2B e-commerce platform offering a
range of PV and storage products in Australia.  The Company has its
operating headquarters in Hong Kong and maintains global operations
in Asia, Europe, North America and Australia.

SPI Energy reported a net loss of $185 million on $191 million of
net sales for the year ended Dec. 31, 2015, compared to a net loss
of $5.19 million on $91.6 million of net sales for the year ended
Dec. 31, 2014.

As of June 30, 2016, SPI Energy had $549.4 million in total assets,
$415.0 million in total liabilities, and $134.4 million in total
stockholders' equity.

KPMG Huazhen LLP, in Shanghai, China, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that SPI Energy Co., Ltd., and its
subsidiaries have suffered significant losses from operations and
have a negative working capital as of Dec. 31, 2015.  In addition,
the Group has substantial amounts of debts that will become due for
repayment in 2016.  The auditors said these factors raise
substantial doubt about the Group's ability to continue as a going
concern.


SPRUILL'S PROPERTIES: Case Summary & 4 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Spruill's Properties, LLC
        Craig Spruills
        11507 Philmar
        Saint Louis, MO 63138

Type of Business: Spruill's Properties, LLC, operates an event and

                  catering venue.  Spruill's owns a commercial
                  building located at 9800 Halls Ferry Road, St.
                  Louis, Missouri.  Spruill's has had, and
                  continues to have, notable musicians and groups
                  appear and perform in this venue.

Chapter 11 Petition Date: August 26, 2017

Case No.: 17-45844

Court: United States Bankruptcy Court
       Eastern District of Missouri (St. Louis)

Judge: Hon. Barry S. Schermer

Debtor's Counsel: Rochelle D. Stanton, Esq.
                  ROCHELLE D. STANTON
                  745 Old Frontenac Square, Suite 202
                  Frontenac, MO 63131
                  Tel: (314) 991-1559
                  E-mail: rstanton@rochelledstanton.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Craig Spruill, chief executive officer.

The Debtor's list of four unsecured creditors is available for free
at http://bankrupt.com/misc/moeb17-45844.pdf


ST. JOSEPH HEALTH PLAN: Rhode Island Court Appoints Receiver
------------------------------------------------------------
At the behest of St. Joseph Health Services of Rhode Island, Inc.,
the Superior Court in Providence, Rhode Island, appointed Stephen
DelSesto, of Providence, Rhode Island as Temporary Receiver of the
St. Joseph Health Services of Rhode Island Retirement Plan.

The Receiver is authorized to take control of the Plan and, until
further Court Order, in the Receiver's discretion and as the
Receiver deems appropriate and advisable, to continue
administration of the Plan, to engage employees and assistants,
clerical or otherwise, actuaries, and other professionals necessary
or appropriate for the efficient administration of the Plan, and to
pay all such individuals and entities in the usual course of
business, and to do and perform or cause to be done and performed
all other acts and things as are appropriate in the premises.  

The Receiver may continue to utilize the services of Chace
Ruttenberg & Freedman, LLP in connection with the administration of
the Plan, provided that payment for such services shall not come
from assets of the Plan unless otherwise ordered by the Court.

The Receiver is required to file a bond in the sum of $1,000,000
with any surety company authorized to do business in the State of
Rhode Island as surety thereon, conditioned that the Receiver will
well and truly perform the duties of the office and duly account
for all monies and property which may come into the Receiver's
hands and abide by and perform all things which the Receiver will
be directed to do by the Court.

The Superior Court will hold a hearing on Oct. 11, 2017, at 9:30
a.m. to consider appointment of a Permanent Receiver and reduction
of beneficiary payments.

The case is, St. Joseph Health Services of Rhode Island, Inc. vs.
St. Josephs Health Services of Rhode Island Retirement Plan, STATE
OF RHODE ISLAND PROVIDENCE, SC. SUPERIOR COURT PC 2017-3856.


STEAK N SHAKE: S&P Alters Outlook to Negative & Affirms 'B-' CCR
----------------------------------------------------------------
S&P Global Ratings revised its outlook on the Indianapolis-based
Steak n Shake Inc. to negative from stable. At the same time, S&P
affirmed its 'B-' corporate credit rating on the company.

S&P said, "We also affirmed our 'B' issue-level rating to the
company's senior secured credit facility. The recovery rating on
the facility is '2', indicating our expectation for substantial
(70% to 90%; rounded estimate: 75%) recovery for lenders in the
event of default or bankruptcy.

"The outlook revision reflects our expectation for continued weak
customer traffic trends and elevated operating costs (including
commodity and labor costs) to lead to lower overall sales and
EBITDA. We believe a significant turnaround in comparable
restaurant sales and customer traffic is unlikely over the next 12
to 18 months amid weakness in the restaurant industry that is
offsetting new restaurant and sales growth in Steak n Shake's
franchise business. In addition, we expect decreased sales leverage
because of lower comparable sales in addition to higher commodity
and food costs and increased wage pressures. Although we project
flat to minimally positive free operating cash flow, we also
believe the tough operating environment will increase the risk of a
downgrade.

"The negative outlook on Steak n Shake indicates a one in three
chance we could lower the rating over the next 12 months. It also
incorporates our expectation that performance will remain weak, as
we expect same restaurant sales decline because of lower customer
traffic and margins contract because of a combination of commodity
expenses, labor costs, and sales deleverage. In addition, the
negative outlook incorporates our projections for flat to minimal
free operating cash flow generation, significantly lower than
historical cash flow generation.

"We would lower the rating if significantly weak operating
performance and an increase in operating costs result in negative
free operating cash flow, leading us to believe the company's
liquidity has diminished and we view the capital structure as
unsustainable over the long term. This could happen if
same-restaurant sales consistently declined at a mid-single-digit
rate or worse and margins eroded by more 100 basis points or more
versus or projections, resulting in an EBITDA decline in excess of
15% or more. Under this scenario, adjusted 2017 interest coverage
would be at or below 2x, and liquidity would erode because of
negative free operating cash flow.

"We would revise the outlook to stable if the company's operating
performance turned positive. Under such a scenario, revenue and
margins would improve because of a successful and rapid franchise
expansion, improved customer traffic trends, favorable commodity
prices (especially for beef products), and effective restaurant
cost management offsetting wage pressures that result in EBITDA
improvement of 30% or more versus our 2017 projections and adjusted
debt leverage in the low- to mid-5x on a sustained basis."


STOLLINGS TRUCKING: River Buying Personal Property for $105K
------------------------------------------------------------
Stollings Trucking Co., Inc., asks the U.S. Bankruptcy Court for
the Southern District of West Virginia to authorize the sale to
River Machinery Co. of (i) 1987 Caterpillar D-10N Bulldozer, SN
2YD-01150, for $40,000; (ii) Caterpillar 740 Articulated Truck, SN
AXM-1246, for $30,000; (iii) Caterpillar 740 Articulated Truck, SN
AXM-1266, for $35,000, subject to overbid.

The Debtor propose to sell the personal property to the Purchaser
at the minimum sale prices, and free and clear of all liens,
interests and rights.

The two Caterpillar 740 Articulated Trucks are subject to a lien in
favor of Bonnie B Land Company and the sale proceeds from that
equipment will be paid over to Bonnie B.  The sale proceeds from
the 1987 Caterpillar D-10N Bulldozer will be placed in escrow
pending further Court order.

Any party interested in submitting an upset bid should file a
notice of upset bid with counsel for the Debtor, counsel for the
secured creditor, Bonnie B Land Company, and counsel for the
Unsecured Creditors Committee and with the Office of the U.S.
Trustee.  Any upset bid will be in an increment of at least $5,000
than the proposed minimum sale prices.  All upset bids or
objections should be filed no later than Sept. 13, 2017.

The Debtor believes that the terms of the offers are favorable to
the Debtor and its estate.

The Purchaser:

          RIVER MACHINERY CO.
          83 Isabelle Ln.
          Garner, KY 41817

                     About Stollings Trucking

Stollings Trucking Company, Inc., began its operations in 1990.
Throughout the years, the Debtor both hauled coal and mined coal
for its own profit.  As it grew, it acquired more equipment and
rolling stock.  Stollings also obtained mining permits on property
in Logan County, West Virginia, and was a party to coal leases.

Stollings Trucking sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. W.Va. Case No. 15-20624) on Dec. 7,
2015.  Rhonda Marcum, president, signed the petition.  

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

Judge Frank W. Volk presides over the case.

Joseph W. Caaldwell, Esq., at Caldwell & Riffee, in Charleston,
WV., is serving as counsel to the Debtor.


SUNVALLEY SOLAR: Reports $170,000 Net Loss in Second Quarter
------------------------------------------------------------
Sunvalley Solar, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $169,865 on $3.30 million of revenues for the three months ended
June 30, 2017, compared to a net loss of $761,009 on $310,547 of
revenues for the three months ended June 30, 2016.

For the six months ended June 30, 2017, Sunvalley Solar reported a
net loss of $894,061 on $3.59 million of revenues compared to a net
loss of $1.59 million on $310,547 of revenues for the same period
during the prior year.

As of June 30, 2017, Sunvalley Solar had $5.69 million in total
assets, $4.68 million in total liabilities and $1.01 million in
total stockholders' equity.

As of June 30, 2017, the Company had current assets in the amount
of $3,868,003, consisting of cash and cash equivalents in the
amount of $967,210, accounts receivable of $1,782,793, inventory in
the amount of $124,186, costs in excess of billings on uncompleted
contracts of $873,861, prepaid expenses and other current assets of
$82,453, and restricted cash of $37,500.  As of June 30, 2017, the
Company had current liabilities in the amount of $4,682,029.  These
consisted of accounts payable and accrued expenses in the amount of
$4,408,988, customer deposits of $20,846, accrued warranty of
$148,806, advances from contractors of $103,389.  Its working
capital deficit as of June 30, 2017 was therefore $814,026.  During
the six months ended June 30, 2017, the Company's operating
activities used a net $450,652 in cash.  Investing activities used
$60,709 in cash and financing activities used $85,210 during the
period.

As of June 30, 2017, the Company had no long term liabilities.  

"We will require substantial additional financing in the
approximate amount of $4,500,000 in order to execute our business
expansion and development plans and we may require additional
financing in order to sustain substantial future business
operations for an extended period of time," said the Company in the
report.  "We currently do not have any firm arrangements for
financing and we may not be able to obtain financing when required,
in the amounts necessary to execute on our plans in full, or on
terms which are economically feasible.

"We are currently seeking additional financing.  If we are unable
to obtain the necessary capital to pursue our strategic plan, we
may have to reduce the planned future growth of our operations."

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

                      https://is.gd/KuEKS8

                     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 a net loss of $999,118 on $8.49 million of
revenue for the year ended Dec. 31, 2016, compared to net income of
$195,811 on $5.78 million of revenue for the year ended Dec. 31,
2015.

Sadler, Gibb & Associates, LLC, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016.  The Company has suffered net losses and has
accumulated a significant deficit.  The auditors said these factors
raise substantial doubt about the Company's ability to continue as
a going concern.


TERRAVIA HOLDINGS: Sept.11 Auction of All Assets Set
----------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court in
Delaware authorized the bidding procedures of TerraVia Holdings,
Inc., and affiliates in connection with the proposed sale of
substantially all assets to Corbion N.A. for $20,000,000, plus the
assumption of certain liabilities, subject to overbid.

Corbion N.A., as the stalking horse bidder, is deemed a qualified
bidder for all purposes.  In the event that no other qualified bids
are submitted, the Debtors will deem the Stalking Horse Bidder to
be the Successful Bidder.

The salient terms of the Bidding Procedures are:

    a. Potential Bidder Deadline: Aug. 24, 2017 at 6:00 p.m. (PET)

    b. Bid Deadline: Sept. 7, 2017 at 6:00 p.m. (PET)

    c. Minimum Full Bid: At least equal to $21 million, which is
the sum of (x) $20 million (i.e., the Purchase Price under the
Stalking Horse APA), plus (y) the Break-Up Fee and Expense
Reimbursement Amount, plus (z) $200,000         

    d. Good Faith Deposit: An amount equal to 10% of the cash
purchase price

    e. Break-Up Fee: $500,000

    f. Expense Reimbursement Amount: $300,000

    g. Auction and Sale Objections Deadline: The deadline to file
an objection with the Court to the Sale Objections: (i) if no
Auction is held, Sept. 8, 2017 at 4:00 p.m. (PET) and (ii) if an
Auction is held, Sept. 14, 2017 at 4:00 pm. (PET).

    h. The Auction will be scheduled to be conducted at the offices
of Davis Polk & Wardwell LLP, 450 Lexington Ave., New York, New
York on Sept. 11, 2017 at 10:00 a.m. (PET).

    i. Starting Bid: Highest or otherwise best offer

    j. Bid Increments: $250,000

    k. Sale Hearing: If no Auction is held, Sept. 11, 2017 at 12:00
p.m. (PET) or, if an Auction is held, Sept. 15, 2017 at 10:00 a.m.
(PET) such other date as determined by the Court.

    l. As Is, Where Is: The sale of the Bid Assets will be on an
"as is, where is" basis and without representations or warranties
of any kind, nature or description.

    m. Free and Clear: Bid Assets are sold free and clear of any
pledges, liens, security interests, encumbrances, claims, charges,
options and interests thereon.

On the Petition Date, the Debtors filed the Bidding Procedures
Motion with the Court seeking entry of orders, among other things,
approving (i) procedures for the solicitation of bids in connection
with the proposed sale of substantially all of their assets to
Corbion for $20 million plus the assumption of certain liabilities,
subject to the submission of higher or otherwise better offers in
an auction process; (ii) the form and manner of notice related to
the Sale Transaction; and (iii) procedures for the assumption and
assignment of contracts and leases in connection with the Sale
Transactions.

A copy of the Bidding Procedures Order is available for free at:

     http://bankrupt.com/misc/TerraVia_Holdings_143_Order.pdf

                         About TerraVia

Headquartered in South San Francisco, California, TerraVia
Holdings, Inc. (NASDAQ:TVIA) -- http://www.terravia.com/-- is a
plant-based food, nutrition and specialty ingredients company that
harnesses the power of algae, the mother of all plants and earth's
original superfood.  TerraVia also manufactures a range of
specialty personal care ingredients for key strategic partners.

On Aug. 2, 2017, TerraVia Holdings, Inc., and its wholly owned U.S.
subsidiaries filed voluntary petitions under chapter 11 of title 11
of the United States Code (Bankr. D. Del. Lead Case No. 17-11655).
The subsidiary debtors in the Chapter 11 cases are Solazyme Brazil
LLC and Solazyme Manufacturing 1, LLC.

The Debtors sought bankruptcy protection after reaching a deal to
sell the assets to Corbion N.V. for $20 million in cash plus the
assumption of liabilities.

The Debtors hired Davis Polk & Wardwell LLP as their lead counsel
and Richards, Layton & Finger, P.A. as co-counsel.  Kurtzman Carson
Consultants LLC is their claims agent.


TOWERSTREAM CORP: Shareholder Urges Board to Hire Banker
--------------------------------------------------------
John Stetson submitted a letter to the Board of Directors of
Towerstream Corporation requesting Towerstream to engage a banker
for the sale of the Company's assets or an outright sale of the
Company.  Mr. Stetson claims to be the beneficial owner of 630,991
shares of common stock and $1.139 million of Preferred Stock
currently convertible into 10,388,000 common shares (subject to
9.9% ownership blocker) of Towerstream.  On a converted basis, this
represents 30% of the equity.

"I have been a shareholder of the Company for the last two years,
and very familiar with your business operations and balance sheet,"
said Stetson in the letter.  "I believe that the public market does
not properly value the Company and the Company's shareholders
deserve the opportunity to be provided a premium to prices
reflected in the current market."

"Based on the quarterly filings and recent earnings announcement,
it appears the Company is approximately 6 months away from
breaching their debt covenants."

"Over the past two years, the Company has continued to raise equity
and dilute the equity shareholders.  All the EBITDA has gone to pay
interest on the nearly $33 million in long term debt incurring huge
losses for the Company.  The Company currently has $9 million in
cash and approximately 38 million shares outstanding on a fully
diluted basis.  At $0.08 per share, the equity is worth just $3
million.  Therefore, $3 million of market cap plus $33 million of
debt less the $9 million in cash gives the company an enterprise
value of $27 million.  This means that the common stock should be
trading at $1 per share based on Management's assessment.  Other
Company competitors, such as Cogent Communications trades at 4x
revenue.  Towerstream's revenue run rate of $25 million would put
the share price well over $1 per share as well," he added.

"Since owning the Preferred, I have received calls from individuals
at two companies that said they had provided term sheets to
management for a transaction and did not get anywhere.  This leads
me to believe that there is serious interest in the assets and the
company must engage a banker to monetize the value of the assets
before the shareholders get wiped out.  Another equity raise will
hurt the shareholders and just be a band aid until the next
covenant breach.  It is the Board of Directors fiduciary
responsibility to look out for the shareholders and must evaluate
all options."

John Stetson is the managing member of HS Contrarian and in that
capacity has voting and dispositive power over the securities held
by such entity.

A full-text copy of the Letter is available at:
   
                      https://is.gd/L5jDvW

                 About Towerstream Corporation

Towerstream Corporation (OTCQB:TWER) -- http://www.towerstream.com/
-- is a fixed-wireless fiber alternative company delivering
high-speed Internet access to businesses.  The Company offers
broadband services in 12 urban markets including New York City,
Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay
area, Miami, Seattle, Dallas-Fort Worth, Houston, Las Vegas-Reno,
and the greater Providence area.

Towerstream reported a net loss attributable to common stockholders
of $22.15 million on $26.89 million of revenues for the year ended
Dec. 31, 2016, compared to a net loss attributable to common
stockholders of $40.48 million on $27.90 million of revenues for
the year ended Dec. 31, 2015.

As of June 30, 2017, Towerstream had $28.17 million in total
assets, $37.64 million in total liabilities and a total
stockholders' deficit of $9.46 million.

Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2016, citing that the Company has incurred significant losses
and needs to raise additional funds to meet its obligations and
sustain its operations.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


TRE AMICI LEASING: Taps Douglas J. Burns as Accountant
------------------------------------------------------
Tre Amici Leasing, LLC and J A R R, Inc. seek approval from the
U.S. Bankruptcy Court for the Middle District of Florida to hire an
accountant.

The Debtors propose to employ Douglas J. Burns, P.A. to, among
other things, prepare their monthly operating reports and give
advice on tax-related matters.

The Debtors also propose that a flat fee of $200 for the initial
set-up of their monthly operating reports and a monthly fee of $150
for the preparation of those reports by the firm be approved by the
court.  

The firm does not hold or represent any interest adverse to the
Debtors or their estates, according to court filings.

The firm can be reached through:

     Douglas J. Burns
     Douglas J. Burns, P.A.
     2559 Nursery Road, Suite A
     Clearwater, FL 33764  
     Phone: (727) 725-2553

                     About Tre Amici Leasing

Tre Amici Leasing, LLC, and J A R R, Inc. operate a personal
transportation service, which consists of a traditional taxi
service as well as contract work for Pasco County Public
Transportation (PCPT).  They collectively operate as Signature Car
Service.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Lead Case No. 17-05123) on June 13, 2017.
At the time of the filing, both Debtors disclosed that they had
estimated assets of less than $100,000 and liabilities of less than
$1 million.  Joel S. Treuhaft, Esq., at Palm Harbor Law Group,
P.A., serves as the Debtors' legal counsel.


VALLEY PETROLEUM: Hires Leverson Lucey & Metz as Attorney
---------------------------------------------------------
5208VPN, LLC and Valley Petroleum, LLC, seek authority from the US
Bankruptcy Court for the Eastern District of Wisconsin to employ
Leverson Lucey & Metz S.C. as bankruptcy counsel..

Professional services Leverson Lucey & Metz will render are:

     a. preparation of all pleadings;

     b. representation of the Debtors in negotiations, proceedings,
and hearings related to these cases; and preparation of plans and
disclosure statements; and

     c. all other matters relating to the legal representation of
the Debtors in connection with these Chapter 11 cases.

The Debtors wish to employ these attorneys upon a general retainer.
It is anticipated that most of the services will be performed by
the firm's Leonard G. Leverson, whose standard hourly rate is $380.
Other attorneys in the firm charge between $215 and $360 per hour.
Paralegal time is billed at $115 per hour.

Leonard G. Leverson attests that his firm and its attorneys have no
interest adverse to the Debtors or to the Debtors' estates in any
of the matters upon which they are to be engaged; their employment
would be in the best interest of the estate; they are
"disinterested persons" as defined in Sec. 101(14) of the
Bankruptcy Code; and they have no connection with the Debtors, any
creditors of the Debtors, any other parties in interest, their
respective attorneys and accountants, the U.S. Trustee, or any
other person employed in the office of the U.S. Trustee.

The Firm can be reached through:

     Leonard G. Leverson, Esq.
     LEVERSON LUCEY & METZ S.C.   
     106 West Seeboth Street, Suite 204-1          
     Milwaukee, WI 53204
     Tel: 414-271-8503
     Fax: 414-271-8504
     E-mail: lgl@levmetz.com

                      About Valley Petroleum

Based in Appleton, Wisconsin, Valley Petroleum operates a small gas
station.  Valley Petroleum and Debtor affiliate, 5208VPN, LLC,
sought Chapter 11 protection (Bankr. E.D. Wisc. 17-28113; Bankr.
E.D. Wisc. 17-28112) on August 17, 2017.  The Debtors are
represented by Leonard G. Leverson, Esq., at Leverson Lucey & Metz
S.C.  The petitions were signed by Steve A. Rosek, member.

At the time of filing, 5208VPN, LLC estimates $1,000 to $10,000 in
assets and $1,000 to $10,000 in liabilities; and Valley Petroleum
estimates $100 to $500 in assets and $1,000 to $10,000 in
liabilities.


VERTEX ENERGY: Okays Grant of 480,000 Shares Stock Options
----------------------------------------------------------
The Board of Directors of Vertex Energy, Inc. approved the grant of
incentive stock options to purchase an aggregate of 480,000 shares
of the Company's common stock to six officers and/or employees of
the Company, in consideration for services rendered, including
Benjamin P. Cowart, the president and chief executive officer of
the Company (options to purchase 150,000 shares); Chris Carlson,
the chief financial officer and secretary of the Company (options
to purchase 125,000 shares); and John Strickland, the chief
operating officer of the Company (options to purchase 50,000
shares).

The Options were granted under the Company's Amended and Restated
2013 Stock Incentive Plan and the Options (other than Mr. Cowart's
Options) had a term of ten years; provided that Mr. Cowart's
Options had a term of five years, subject in all cases to the terms
and conditions of the Plan and the award agreements, and each
officer and employee's continued service with the Company.  The
Options vest to each individual at the rate of 1/4th of such
Options per year on each of Aug. 20, 2018, 2019, 2020 and 2021.
The Options (other than Mr. Cowart's) had an exercise price of
$0.97 per share, the mean between the highest and lowest quoted
selling prices of the Company's common stock on the NASDAQ Capital
market on the last trading day prior to the effective date of the
grant of the Options; provided that Mr. Cowart's Options had an
exercise price of $1.07 per share, representing 110% of the Market
Price.

                     About Vertex Energy

Vertex Energy, Inc. (VTNR) -- http://www.vertexenergy.com/-- is a
refiner and marketer of high-quality specialty hydrocarbon
products.  With headquarters in Houston, Texas, Vertex processing
facilities are located in Houston (TX), Marrero (LA) and Columbus
(OH).

Vertex Energy reported a net loss of $3.95 million for the year
ended Dec. 31, 2016, a net loss of $22.51 million for the year
ended Dec. 31, 2015, and a net loss of $5.87 million for the year
ended Dec. 31, 2014.  As of June 30, 2017, Vertex had $82.59
million in total assets, $28.49 million in total liabilities, $6.44
million in Series B preferred stock, $14.80 million in Series B-1
preferred stock and $32.85 million in total equity.


WADHWA DENTAL: Plan Confirmation Hearing Set for October 4
----------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Texas is set
to hold a hearing on October 4 to consider approval of the Chapter
11 plan of reorganization for Wadhwa Dental, PA.

The hearing will be held at 9:30 a.m., at the Old Post Office
Building, Courtroom 1, Third Floor, 615 East Houston Street, San
Antonio, Texas.

The court on August 2 approved the company's disclosure statement,
allowing it to start soliciting votes from creditors.  

The order set a September 22 deadline for creditors to file their
objections and cast their votes accepting or rejecting the plan.

Under the plan, American Express Bank FSB's allowed Class 4 general
unsecured claim will be paid in full, without interest, within 60
days of the effective date of the plan.  The claim in the total
amount of $695.07 is impaired.

                    About Wadhwa Dental, PA

Wadhwa Dental, PA is a corporation based in San Antonio, Texas.  It
is operated as a dental practice by Harmandeep S. Wadhwa, DDS, its
sole owner.  Dr. Wadhwa is a doctor of dental surgery licensed by
the Texas State Board of Dental Examiners since July 2009.

Wadhwa Dental, PA, filed a Chapter 11 petition (Bankr. W.D. Tex.
Case No. 16-52134), on Sept. 22, 2016.  Harmandeep S. Wadhwa,
president, signed the petition.  The Debtor estimated assets at
$100,000 to $500,000 and liabilities at $500,000 to $1 million.

The Debtor is represented by H. Anthony Hervol, Esq., at the Law
Office of H. Anthony Hervol.

No trustee, examiner or committee has been appointed.

On June 23, 2017, the Debtor filed its proposed Chapter 11 plan of
reorganization.


WALKER RENAISSANCE: Taps Grimaldi Commercial as Real Estate Agent
-----------------------------------------------------------------
Walker Renaissance Manufacturing Inc. seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to hire a real
estate agent.

The Debtor proposes to employ Grimaldi Commercial Realty Corp. to
list for sale its real properties located at 8802 and 8740 E.
Broadway Avenue, Tampa, Florida.

The firm will get a commission of 7% of the purchase price for each
property.

Derek Seckinger, a real estate agent employed with Grimaldi,
disclosed in a court filing that he does not hold any interest
adverse to the Debtor.

Grimaldi can be reached through:

     Derek Seckinger
     Grimaldi Commercial Realty Corp.
     115 W. Bearss Avenue
     Tampa, FL 33613
     Phone: 813-882-0884
     Fax: 813-960-9830

            About Walker Renaissance Manufacturing

Walker Renaissance Manufacturing Inc. is a packaging company in
Hillsborough County, Florida, that owns a real property located at
8802 E. Broadway Ave., Tampa, Florida 33619 valued at $839,348.

Walker Renaissance filed a Chapter 11 bankruptcy petition (Bankr.
M.D. Fla. Case No. 17-05390), on June 21, 2017.  Robert M. Walker,
its president and CEO, signed the petition. The Debtor disclosed
$1.58 million in assets and $1.52 million in liabilities at the
time of the filing.

The Debtor is represented by David W. Steen, Esq. at David W.
Steen, P.A.


WEST BATON: DOJ Watchdog Names D. Murray Name as Ch. 11 Trustee
---------------------------------------------------------------
Henry G. Hobbs, Jr., Acting United States Trustee for Region 5,
files with the U.S. Bankruptcy Court for the Middle District of
Louisiana a Notice of Appointment of Dwayne M. Murray to serve as
the Chapter 11 Trustee in the bankruptcy case of West Baton Rouge
Credit, Inc.

The Chapter 11 trustee bond is initially set at $150,000. The
Chapter 11 Trustee can be reached at:

             660 North Foster Dr.
             Suite B-101
             Baton Rouge, LA 70806

              About West Baton Rouge Credit, Inc.

Based in Port Allen, Louisiana, West Baton Rouge Credit, Inc.
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
M.D. La. Case No. 17-10227) on March 14, 2017.  The petition was
signed by Todd Cutrer, president. The case is assigned to Judge
Douglas D. Dodd.  Pamela Magee, Esq., based in Baton Rouge,
Louisiana, serves as the Debtor's bankruptcy counsel.

At the time of the filing, the Debtor estimated its assets and
liabilities at $1 million to $10 million.

Henry G. Hobbs, Jr., Acting U.S. Trustee for Region 5, on May 2
appointed five creditors of West Baton Rouge Credit, Inc., to serve
on the official committee of unsecured creditors.


WEST VIRGINIA NATIONAL: A.M. Best Revises Outlook to Negative
-------------------------------------------------------------
A.M. Best has revised the outlooks to negative from stable and
affirmed the Financial Strength Rating of B (Fair) and the
Long-Term Issuer Credit Rating of "bb" of West Virginia National
Auto Insurance Company (West Virginia National Auto) (Morgantown,
WV).

The revised outlooks are due to West Virginia National Auto's
deteriorating risk-adjusted capitalization from unprofitable
operating performance in recent years. Management fell short of
projections mainly due to an unfavorable book of business, which
ultimately has been non-renewed. Additionally, the company
maintains geographic concentration exposing surplus to regulatory,
judicial and economic concerns, as well as the cyclical nature of
competition altering the market share within its domiciled state.

Partially offsetting these negative rating factors are management's
expertise in West Virginia and the non-standard market, and its
ability to react quickly to maintain favorable leverage measures.
Historically, results of the core book of business in West Virginia
have been stable. Policies are shorter term, and rate changes are
quickly felt in the results. Management maintains good
relationships with its agency force, and current disruptions have
allowed for new agency relationships to form. Also, communication
with reinsurance partners allow for changes in quota share
agreements in the event that leverage measures are outside of the
company's risk tolerance levels.


XPO LOGISTICS: S&P Raises CCR to BB- on Improved Credit Metrics
---------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on XPO
Logistics Inc. to 'BB-' from 'B+'. The outlook is stable.

S&P said, "At the same time, we raised our issue-level rating on
the company's senior secured credit facility to 'BB+' from 'BB'.
The '1' recovery rating remains unchanged, indicating our
expectation for very high recovery (90%-100%; rounded estimate:
95%) in a payment default scenario.

"Additionally, we raised our issue-level rating on XPO's senior
unsecured notes due 2021, 2022, and 2023 to 'BB-' from 'B+'. The
'4' recovery rating remains unchanged, indicating our expectation
for average recovery (30%-50%; rounded estimate: 45%) in the event
of a payment default.

"Finally, we raised our issue-level rating on the company's senior
unsecured notes due 2018 and senior unsecured debenture due 2034 to
'B' from 'B-'. The '6' recovery rating remains unchanged,
indicating our expectation for negligible (0%-10%; rounded
estimate: 0%) recovery in the event of a payment default.

"Our upgrade of XPO Logistics Inc., one of the largest third-party
logistics companies in the U.S., reflects the company's improved
credit metrics following its enhanced operating performance and
debt reduction. In 2015, XPO completed two major acquisitions that
caused its debt leverage to increase to over 10x. Despite the
additional leverage, these acquisitions increased the diversity of
the company's product offerings (XPO's business segments include
contract logistics focusing on e-commerce and last mile deliveries
and LTL [less-than-truckload] transportation) and expanded its
geographic reach. Now that XPO has successfully integrated a
substantial portion of these companies and has refrained from
undertaking any significant acquisitions, its operating efficiency
has improved. In addition, the company has used its free cash flow
to reduce its debt.

"The stable outlook on XPO reflects our expectation that the
company will continue to increase its revenue and earnings, albeit
at a far more moderate pace than in recent years. We anticipate
that XPO's debt-to-EBITDA will be in the low- to mid-3x area while
its adjusted FFO-to-debt remains in the high-teens percent area
through 2018, barring any large debt-financed acquisitions.

"We could raise our ratings on XPO over the next year if the
company continues to improve its operational performance and reduce
its debt, causing its FFO-to-debt ratio to improve to the mid-20%
area and its debt-to EBITDA to stay in the mid-3x area. We would
also need to believe that the company would sustain these ratios
going forward.

"We could lower our ratings on XPO if the company's FFO-to-debt
ratio falls below 12%, which could occur if its earnings decline
due to higher-than-expected operating expenses or if management
engages in a large debt-financed acquisition, and we expect the
ratio to remain at that level going forward."


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                                Total
                                               Share-      Total
                                    Total    Holders'    Working
                                   Assets      Equity    Capital
  Company         Ticker             ($MM)       ($MM)      ($MM)
  -------         ------           ------    --------    -------
ABSOLUTE SOFTWRE  ALSWF US           98.3       (53.7)     (31.2)
ABSOLUTE SOFTWRE  OU1 GR             98.3       (53.7)     (31.2)
ABSOLUTE SOFTWRE  ABT CN             98.3       (53.7)     (31.2)
ABSOLUTE SOFTWRE  ABT2EUR EU         98.3       (53.7)     (31.2)
AGENUS INC        AJ81 GR           176.5       (17.5)      77.8
AGENUS INC        AGEN US           176.5       (17.5)      77.8
AGENUS INC        AJ81 TH           176.5       (17.5)      77.8
AGENUS INC        AGENEUR EU        176.5       (17.5)      77.8
AGENUS INC        AJ81 QT           176.5       (17.5)      77.8
AKCEA THERAPEUTI  AKCA US           124.1       (83.0)      53.6
AKCEA THERAPEUTI  1KA GR            124.1       (83.0)      53.6
AKCEA THERAPEUTI  AKCAEUR EU        124.1       (83.0)      53.6
AKCEA THERAPEUTI  1KA TH            124.1       (83.0)      53.6
AKCEA THERAPEUTI  1KA QT            124.1       (83.0)      53.6
AMER RESTAUR-LP   ICTPU US           33.5        (4.0)      (6.2)
ASPEN TECHNOLOGY  AZPN US           247.9      (260.8)    (321.1)
ASPEN TECHNOLOGY  AST GR            247.9      (260.8)    (321.1)
ASPEN TECHNOLOGY  AST TH            247.9      (260.8)    (321.1)
ASPEN TECHNOLOGY  AZPNEUR EU        247.9      (260.8)    (321.1)
AUTOZONE INC      AZO US          9,028.3    (1,714.2)    (286.3)
AUTOZONE INC      AZ5 TH          9,028.3    (1,714.2)    (286.3)
AUTOZONE INC      AZ5 GR          9,028.3    (1,714.2)    (286.3)
AUTOZONE INC      AZOEUR EU       9,028.3    (1,714.2)    (286.3)
AUTOZONE INC      AZ5 QT          9,028.3    (1,714.2)    (286.3)
AVEO PHARMACEUTI  VPA GR             42.5       (19.3)      27.2
AVEO PHARMACEUTI  AVEO US            42.5       (19.3)      27.2
AVEO PHARMACEUTI  VPA TH             42.5       (19.3)      27.2
AVEO PHARMACEUTI  AVEOEUR EU         42.5       (19.3)      27.2
AVID TECHNOLOGY   AVID US           224.7      (274.8)     (85.5)
AVID TECHNOLOGY   AVD GR            224.7      (274.8)     (85.5)
AXIM BIOTECHNOLO  AXIM US             4.4        (3.4)      (0.6)
BENEFITFOCUS INC  BNFT US           173.0       (35.1)       9.6
BENEFITFOCUS INC  BTF GR            173.0       (35.1)       9.6
BLUE BIRD CORP    BLBD US           366.8       (59.6)      32.8
BLUE RIDGE MOUNT  BRMR US         1,060.2      (212.5)     (62.4)
BOEING CO-BDR     BOEI34 BZ      90,036.0    (1,978.0)   9,922.0
BOEING CO-CED     BA AR          90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BA EU          90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BCO GR         90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BAEUR EU       90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BA TE          90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BA* MM         90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BA SW          90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BACHF EU       90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BOEI NA        90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BA US          90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BCO TH         90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BA CI          90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BCO QT         90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BAUSD SW       90,036.0    (1,978.0)   9,922.0
BOEING CO/THE     BA AV          90,036.0    (1,978.0)   9,922.0
BOMBARDIER INC-B  BBDBN MM       23,395.0    (3,825.0)     576.0
BOMBARDIER-B OLD  BBDYB BB       23,395.0    (3,825.0)     576.0
BOMBARDIER-B W/I  BBD/W CN       23,395.0    (3,825.0)     576.0
BRINKER INTL      EAT US          1,413.7      (493.7)    (292.0)
BRINKER INTL      BKJ GR          1,413.7      (493.7)    (292.0)
BRINKER INTL      EAT2EUR EU      1,413.7      (493.7)    (292.0)
BROOKFIELD REAL   BRE CN             97.0       (32.9)       3.2
BUFFALO COAL COR  BUC SJ             50.2       (21.9)     (22.2)
BURLINGTON STORE  BURL US         2,611.8       (95.9)      25.2
BURLINGTON STORE  BUI GR          2,611.8       (95.9)      25.2
BURLINGTON STORE  BURL* MM        2,611.8       (95.9)      25.2
CADIZ INC         CDZI US            72.2       (70.7)      12.2
CADIZ INC         2ZC GR             72.2       (70.7)      12.2
CAESARS ENTERTAI  CZR US         14,793.0    (3,357.0)  (4,630.0)
CAESARS ENTERTAI  C08 GR         14,793.0    (3,357.0)  (4,630.0)
CAESARS ENTERTAI  CZREUR EU      14,793.0    (3,357.0)  (4,630.0)
CALIFORNIA RESOU  CRC US          6,154.0      (491.0)    (220.0)
CALIFORNIA RESOU  1CLB GR         6,154.0      (491.0)    (220.0)
CALIFORNIA RESOU  CRCEUR EU       6,154.0      (491.0)    (220.0)
CALIFORNIA RESOU  1CL TH          6,154.0      (491.0)    (220.0)
CALIFORNIA RESOU  1CLB QT         6,154.0      (491.0)    (220.0)
CAMBIUM LEARNING  ABCD US           126.5       (52.1)     (63.7)
CASELLA WASTE     WA3 GR            588.9       (74.6)       4.6
CASELLA WASTE     CWST US           588.9       (74.6)       4.6
CASELLA WASTE     WA3 TH            588.9       (74.6)       4.6
CASELLA WASTE     CWSTEUR EU        588.9       (74.6)       4.6
CDK GLOBAL INC    CDK US          2,883.1       (56.8)     726.2
CDK GLOBAL INC    C2G TH          2,883.1       (56.8)     726.2
CDK GLOBAL INC    CDKEUR EU       2,883.1       (56.8)     726.2
CDK GLOBAL INC    C2G GR          2,883.1       (56.8)     726.2
CDK GLOBAL INC    C2G QT          2,883.1       (56.8)     726.2
CEDAR FAIR LP     FUN US          2,109.5       (60.6)     (92.5)
CEDAR FAIR LP     7CF GR          2,109.5       (60.6)     (92.5)
CHESAPEAKE ENERG  CHK US         11,920.0      (684.0)    (911.0)
CHESAPEAKE ENERG  CS1 GR         11,920.0      (684.0)    (911.0)
CHESAPEAKE ENERG  CS1 TH         11,920.0      (684.0)    (911.0)
CHESAPEAKE ENERG  CHK* MM        11,920.0      (684.0)    (911.0)
CHESAPEAKE ENERG  CS1 QT         11,920.0      (684.0)    (911.0)
CHESAPEAKE ENERG  CHKEUR EU      11,920.0      (684.0)    (911.0)
CHOICE HOTELS     CZH GR            948.0      (252.6)     103.9
CHOICE HOTELS     CHH US            948.0      (252.6)     103.9
CINCINNATI BELL   CBB US          1,481.7      (124.0)      11.4
CINCINNATI BELL   CIB1 GR         1,481.7      (124.0)      11.4
CINCINNATI BELL   CBBEUR EU       1,481.7      (124.0)      11.4
CLEAR CHANNEL-A   C7C GR          5,416.6    (1,216.5)     327.9
CLEAR CHANNEL-A   CCO US          5,416.6    (1,216.5)     327.9
CLEMENTIA PHARMA  CMTA US            40.0      (212.6)      32.1
CLEVELAND-CLIFFS  CVA GR          2,030.1      (666.7)     495.0
CLEVELAND-CLIFFS  CVA TH          2,030.1      (666.7)     495.0
CLEVELAND-CLIFFS  CLF US          2,030.1      (666.7)     495.0
CLEVELAND-CLIFFS  CLF* MM         2,030.1      (666.7)     495.0
CLEVELAND-CLIFFS  CLF2EUR EU      2,030.1      (666.7)     495.0
COGENT COMMUNICA  CCOI US           732.4       (71.2)     240.8
COGENT COMMUNICA  OGM1 GR           732.4       (71.2)     240.8
DELEK LOGISTICS   DKL US            415.5       (21.1)      14.0
DELEK LOGISTICS   D6L GR            415.5       (21.1)      14.0
DENNY'S CORP      DE8 GR            306.9       (79.9)     (53.3)
DENNY'S CORP      DENN US           306.9       (79.9)     (53.3)
DOMINO'S PIZZA    EZV TH            781.8    (1,803.1)     209.4
DOMINO'S PIZZA    EZV GR            781.8    (1,803.1)     209.4
DOMINO'S PIZZA    DPZ US            781.8    (1,803.1)     209.4
DOMINO'S PIZZA    EZV QT            781.8    (1,803.1)     209.4
DOVA PHARMACEUTI  DOVA US            26.4        (3.5)      (5.1)
DOVA PHARMACEUTI  0AV GR             26.4        (3.5)      (5.1)
DOVA PHARMACEUTI  DOVAEUR EU         26.4        (3.5)      (5.1)
DUN & BRADSTREET  DB5 GR          2,253.7      (913.3)     (96.4)
DUN & BRADSTREET  DB5 TH          2,253.7      (913.3)     (96.4)
DUN & BRADSTREET  DNB US          2,253.7      (913.3)     (96.4)
DUN & BRADSTREET  DNB1EUR EU      2,253.7      (913.3)     (96.4)
DUNKIN' BRANDS G  2DB GR          3,147.9      (185.4)     147.6
DUNKIN' BRANDS G  DNKN US         3,147.9      (185.4)     147.6
DUNKIN' BRANDS G  2DB TH          3,147.9      (185.4)     147.6
DUNKIN' BRANDS G  DNKNEUR EU      3,147.9      (185.4)     147.6
ERIN ENERGY CORP  ERN SJ            190.9      (349.2)    (280.7)
EVERI HOLDINGS I  EVRI US         1,337.4      (123.9)      16.4
EVERI HOLDINGS I  G2C TH          1,337.4      (123.9)      16.4
EVERI HOLDINGS I  G2C GR          1,337.4      (123.9)      16.4
EVERI HOLDINGS I  EVRIEUR EU      1,337.4      (123.9)      16.4
FERRELLGAS-LP     FEG GR          1,679.3      (703.5)     (26.2)
FERRELLGAS-LP     FGP US          1,679.3      (703.5)     (26.2)
FIFTH STREET ASS  FSAM US           189.2        (8.9)       -
FIFTH STREET ASS  7FS TH            189.2        (8.9)       -
GAMCO INVESTO-A   GBL US            190.9      (121.0)       -
GCP APPLIED TECH  GCP US          1,252.0      (134.3)     177.5
GCP APPLIED TECH  43G GR          1,252.0      (134.3)     177.5
GCP APPLIED TECH  GCPEUR EU       1,252.0      (134.3)     177.5
GNC HOLDINGS INC  IGN GR          2,011.1       (51.2)     535.6
GNC HOLDINGS INC  GNC US          2,011.1       (51.2)     535.6
GNC HOLDINGS INC  IGN TH          2,011.1       (51.2)     535.6
GNC HOLDINGS INC  GNC1EUR EU      2,011.1       (51.2)     535.6
GOGO INC          GOGO US         1,277.3      (116.5)     271.3
GOGO INC          G0G GR          1,277.3      (116.5)     271.3
GOGO INC          G0G QT          1,277.3      (116.5)     271.3
GOLD RESERVE INC  GDRZF US           47.1        (1.2)      34.4
GOLD RESERVE INC  GRZ CN             47.1        (1.2)      34.4
GOLD RESERVE INC  GOD GR             47.1        (1.2)      34.4
GREEN PLAINS PAR  GPP US             90.6       (64.2)       4.6
GREEN PLAINS PAR  8GP GR             90.6       (64.2)       4.6
H&R BLOCK INC     HRB US          2,694.1       (60.9)     406.8
H&R BLOCK INC     HRB GR          2,694.1       (60.9)     406.8
H&R BLOCK INC     HRB TH          2,694.1       (60.9)     406.8
H&R BLOCK INC     HRB QT          2,694.1       (60.9)     406.8
H&R BLOCK INC     HRBEUR EU       2,694.1       (60.9)     406.8
HCA HEALTHCARE I  2BH GR         34,566.0    (5,079.0)   3,566.0
HCA HEALTHCARE I  HCA US         34,566.0    (5,079.0)   3,566.0
HCA HEALTHCARE I  2BH TH         34,566.0    (5,079.0)   3,566.0
HCA HEALTHCARE I  2BH QT         34,566.0    (5,079.0)   3,566.0
HCA HEALTHCARE I  HCAEUR EU      34,566.0    (5,079.0)   3,566.0
HORTONWORKS INC   HDP US            213.3       (43.3)     (35.6)
HORTONWORKS INC   14K GR            213.3       (43.3)     (35.6)
HORTONWORKS INC   14K QT            213.3       (43.3)     (35.6)
HORTONWORKS INC   HDPEUR EU         213.3       (43.3)     (35.6)
HOVNANIAN-A-WI    HOV-W US        2,133.6      (133.9)   1,392.3
HP INC            HPQ* MM        31,934.0    (4,339.0)    (617.0)
HP INC            HPQ US         31,934.0    (4,339.0)    (617.0)
HP INC            7HP TH         31,934.0    (4,339.0)    (617.0)
HP INC            7HP GR         31,934.0    (4,339.0)    (617.0)
HP INC            HPQ TE         31,934.0    (4,339.0)    (617.0)
HP INC            HPQ CI         31,934.0    (4,339.0)    (617.0)
HP INC            HPQ SW         31,934.0    (4,339.0)    (617.0)
HP INC            HWP QT         31,934.0    (4,339.0)    (617.0)
HP INC            HPQCHF EU      31,934.0    (4,339.0)    (617.0)
HP INC            HPQUSD EU      31,934.0    (4,339.0)    (617.0)
HP INC            HPQUSD SW      31,934.0    (4,339.0)    (617.0)
HP INC            HPQEUR EU      31,934.0    (4,339.0)    (617.0)
IDEXX LABS        IDXX US         1,637.1       (86.1)     (82.8)
IDEXX LABS        IX1 GR          1,637.1       (86.1)     (82.8)
IDEXX LABS        IX1 TH          1,637.1       (86.1)     (82.8)
IDEXX LABS        IX1 QT          1,637.1       (86.1)     (82.8)
IDEXX LABS        IDXX AV         1,637.1       (86.1)     (82.8)
IMMUNOGEN INC     IMU GR            181.4      (173.2)      94.1
IMMUNOGEN INC     IMGN US           181.4      (173.2)      94.1
IMMUNOGEN INC     IMU TH            181.4      (173.2)      94.1
IMMUNOGEN INC     IMU QT            181.4      (173.2)      94.1
IMMUNOGEN INC     IMGNEUR EU        181.4      (173.2)      94.1
IMMUNOMEDICS INC  IMMU US           162.6       (59.5)      35.1
IMMUNOMEDICS INC  IM3 GR            162.6       (59.5)      35.1
IMMUNOMEDICS INC  IM3 TH            162.6       (59.5)      35.1
IMMUNOMEDICS INC  IM3 QT            162.6       (59.5)      35.1
INNOVIVA INC      INVA US           372.0      (296.7)     171.0
INNOVIVA INC      HVE GR            372.0      (296.7)     171.0
INNOVIVA INC      INVAEUR EU        372.0      (296.7)     171.0
INSPIRED ENTERTA  INSE US           213.4        (2.1)      (1.4)
INSTRUCTURE INC   INST US           130.1        (4.1)     (14.7)
INSTRUCTURE INC   1IN GR            130.1        (4.1)     (14.7)
JACK IN THE BOX   JBX GR          1,255.2      (439.0)     (83.8)
JACK IN THE BOX   JACK US         1,255.2      (439.0)     (83.8)
JACK IN THE BOX   JACK1EUR EU     1,255.2      (439.0)     (83.8)
JACK IN THE BOX   JBX QT          1,255.2      (439.0)     (83.8)
JAMIESON WELLNES  JWEL CN           505.1      (180.5)    (286.4)
JAMIESON WELLNES  2JW GR            505.1      (180.5)    (286.4)
JAMIESON WELLNES  JWELEUR EU        505.1      (180.5)    (286.4)
JUST ENERGY GROU  JE US           1,271.0       (69.8)     114.4
JUST ENERGY GROU  1JE GR          1,271.0       (69.8)     114.4
JUST ENERGY GROU  JE CN           1,271.0       (69.8)     114.4
L BRANDS INC      LTD GR          7,762.8      (912.3)   1,198.0
L BRANDS INC      LTD TH          7,762.8      (912.3)   1,198.0
L BRANDS INC      LB US           7,762.8      (912.3)   1,198.0
L BRANDS INC      LBEUR EU        7,762.8      (912.3)   1,198.0
L BRANDS INC      LB* MM          7,762.8      (912.3)   1,198.0
L BRANDS INC      LTD QT          7,762.8      (912.3)   1,198.0
LAMB WESTON       LW US           2,485.6      (596.5)     302.8
LAMB WESTON       0L5 GR          2,485.6      (596.5)     302.8
LAMB WESTON       LW-WEUR EU      2,485.6      (596.5)     302.8
LAMB WESTON       0L5 TH          2,485.6      (596.5)     302.8
LANTHEUS HOLDING  LNTH US           267.9       (87.2)      82.6
LANTHEUS HOLDING  0L8 GR            267.9       (87.2)      82.6
LIVEXLIVE MEDIA   LIVX US             5.2        (0.8)      (4.0)
MADISON-A/NEW-WI  MSGN-W US         805.0      (944.2)     168.9
MANNKIND CORP     MNKD IT            79.4      (221.2)     (34.9)
MCDONALDS - BDR   MCDC34 BZ      32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MDO TH         32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCD TE         32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MDO GR         32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCD* MM        32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCD US         32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCD SW         32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCD CI         32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MDO QT         32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCDCHF EU      32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCDUSD EU      32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCDUSD SW      32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCDEUR EU      32,785.2    (2,000.6)   3,149.2
MCDONALDS CORP    MCD AV         32,785.2    (2,000.6)   3,149.2
MCDONALDS-CEDEAR  MCD AR         32,785.2    (2,000.6)   3,149.2
MDC COMM-W/I      MDZ/W CN        1,650.3      (336.1)    (263.7)
MDC PARTNERS-A    MDZ/A CN        1,650.3      (336.1)    (263.7)
MDC PARTNERS-A    MDCA US         1,650.3      (336.1)    (263.7)
MDC PARTNERS-A    MD7A GR         1,650.3      (336.1)    (263.7)
MDC PARTNERS-A    MDCAEUR EU      1,650.3      (336.1)    (263.7)
MDC PARTNERS-EXC  MDZ/N CN        1,650.3      (336.1)    (263.7)
MEDLEY MANAGE-A   MDLY US           144.5        (4.5)      41.0
MERITOR INC       AID1 GR         2,712.0       (44.0)     117.0
MERITOR INC       MTOR US         2,712.0       (44.0)     117.0
MERITOR INC       MTOREUR EU      2,712.0       (44.0)     117.0
MERITOR INC       AID1 QT         2,712.0       (44.0)     117.0
MICHAELS COS INC  MIK US          2,060.0    (1,768.0)     445.6
MICHAELS COS INC  MIM GR          2,060.0    (1,768.0)     445.6
MIRAGEN THERAPEU  MGEN US            50.0        41.3       42.7
MONEYGRAM INTERN  MGI US          4,410.4      (192.2)     (79.8)
MONEYGRAM INTERN  9M1N GR         4,410.4      (192.2)     (79.8)
MONEYGRAM INTERN  MGIEUR EU       4,410.4      (192.2)     (79.8)
MOODY'S CORP      DUT GR          6,536.3      (467.5)   3,321.9
MOODY'S CORP      MCO US          6,536.3      (467.5)   3,321.9
MOODY'S CORP      DUT TH          6,536.3      (467.5)   3,321.9
MOODY'S CORP      MCOEUR EU       6,536.3      (467.5)   3,321.9
MOODY'S CORP      DUT QT          6,536.3      (467.5)   3,321.9
MOODY'S CORP      MCO* MM         6,536.3      (467.5)   3,321.9
MOTOROLA SOLUTIO  MTLA GR         8,295.0      (976.0)     801.0
MOTOROLA SOLUTIO  MTLA TH         8,295.0      (976.0)     801.0
MOTOROLA SOLUTIO  MSI US          8,295.0      (976.0)     801.0
MOTOROLA SOLUTIO  MOT TE          8,295.0      (976.0)     801.0
MOTOROLA SOLUTIO  MTLA QT         8,295.0      (976.0)     801.0
MOTOROLA SOLUTIO  MSI1EUR EU      8,295.0      (976.0)     801.0
MSG NETWORKS- A   MSGN US           805.0      (944.2)     168.9
MSG NETWORKS- A   1M4 GR            805.0      (944.2)     168.9
MSG NETWORKS- A   1M4 TH            805.0      (944.2)     168.9
MSG NETWORKS- A   MSGNEUR EU        805.0      (944.2)     168.9
NATHANS FAMOUS    NATH US            86.6       (63.6)      60.1
NATHANS FAMOUS    NFA GR             86.6       (63.6)      60.1
NATIONAL CINEMED  XWM GR          1,121.7       (68.3)      70.6
NATIONAL CINEMED  NCMI US         1,121.7       (68.3)      70.6
NATIONAL CINEMED  NCMIEUR EU      1,121.7       (68.3)      70.6
NAVISTAR INTL     IHR GR          5,952.0    (5,127.0)     825.0
NAVISTAR INTL     NAV US          5,952.0    (5,127.0)     825.0
NAVISTAR INTL     IHR TH          5,952.0    (5,127.0)     825.0
NEFF CORP-CL A    NEFF US           666.9      (112.0)       8.9
NEFF CORP-CL A    NFO GR            666.9      (112.0)       8.9
NEW ENG RLTY-LP   NEN US            191.0       (32.1)       -
NXCHAIN INC       NXCN US             0.0        (0.3)      (0.3)
NYMOX PHARMACEUT  NYMX US             1.3        (0.7)      (0.7)
OMEROS CORP       3O8 GR             60.4       (54.9)      28.3
OMEROS CORP       OMER US            60.4       (54.9)      28.3
OMEROS CORP       3O8 TH             60.4       (54.9)      28.3
OMEROS CORP       OMEREUR EU         60.4       (54.9)      28.3
ONCOMED PHARMACE  OMED US           139.3       (53.8)      95.1
PENN NATL GAMING  PN1 GR          4,984.0      (517.5)    (127.0)
PENN NATL GAMING  PENN US         4,984.0      (517.5)    (127.0)
PENSARE ACQUISIT  WRLS US             0.3        (0.1)      (0.0)
PENSARE ACQUISIT  WRLSU US            0.3        (0.1)      (0.0)
PHILIP MORRIS IN  PM1EUR EU      38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  PMI SW         38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  PM1 TE         38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  4I1 TH         38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  PM1CHF EU      38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  4I1 GR         38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  PM US          38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  PM FP          38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  PMI1 IX        38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  PMI EB         38,660.0   (10,277.0)   1,189.0
PHILIP MORRIS IN  4I1 QT         38,660.0   (10,277.0)   1,189.0
PINNACLE ENTERTA  PNK US          3,982.2      (339.7)     (62.5)
PINNACLE ENTERTA  65P GR          3,982.2      (339.7)     (62.5)
PLANET FITNESS-A  PLNT US         1,354.6      (156.8)      26.5
PLANET FITNESS-A  3PL TH          1,354.6      (156.8)      26.5
PLANET FITNESS-A  3PL GR          1,354.6      (156.8)      26.5
PLANET FITNESS-A  3PL QT          1,354.6      (156.8)      26.5
PLANET FITNESS-A  PLNT1EUR EU     1,354.6      (156.8)      26.5
PROS HOLDINGS IN  PH2 GR            298.0       (20.5)     147.4
PROS HOLDINGS IN  PRO US            298.0       (20.5)     147.4
QUANTUM CORP      QNT1 TH           213.0      (118.0)     (51.3)
QUANTUM CORP      QTM US            213.0      (118.0)     (51.3)
REATA PHARMACE-A  RETA US            71.3      (230.3)      17.5
REATA PHARMACE-A  2R3 GR             71.3      (230.3)      17.5
REATA PHARMACE-A  RETAEUR EU         71.3      (230.3)      17.5
REGAL ENTERTAI-A  RGC US          2,748.4      (835.0)     (48.2)
REGAL ENTERTAI-A  RETA GR         2,748.4      (835.0)     (48.2)
REGAL ENTERTAI-A  RGC* MM         2,748.4      (835.0)     (48.2)
RENOVACARE INC    RCAR US             0.6        (0.2)      (0.3)
RESOLUTE ENERGY   R21 GR            728.5       (62.2)     (65.8)
RESOLUTE ENERGY   REN US            728.5       (62.2)     (65.8)
RESOLUTE ENERGY   RENEUR EU         728.5       (62.2)     (65.8)
REVLON INC-A      REV US          3,062.0      (672.4)     296.4
REVLON INC-A      RVL1 GR         3,062.0      (672.4)     296.4
REVLON INC-A      RVL1 TH         3,062.0      (672.4)     296.4
REVLON INC-A      REVEUR EU       3,062.0      (672.4)     296.4
ROSETTA STONE IN  RST US            178.9        (0.1)     (55.9)
ROSETTA STONE IN  RS8 GR            178.9        (0.1)     (55.9)
ROSETTA STONE IN  RST1EUR EU        178.9        (0.1)     (55.9)
RR DONNELLEY & S  DLLN GR         3,831.8      (161.5)     722.1
RR DONNELLEY & S  RRD US          3,831.8      (161.5)     722.1
RR DONNELLEY & S  DLLN TH         3,831.8      (161.5)     722.1
RR DONNELLEY & S  RRDEUR EU       3,831.8      (161.5)     722.1
RYERSON HOLDING   RYI US          1,787.8       (22.6)     730.1
RYERSON HOLDING   7RY GR          1,787.8       (22.6)     730.1
RYERSON HOLDING   7RY TH          1,787.8       (22.6)     730.1
SALLY BEAUTY HOL  SBH US          2,120.5      (352.3)     638.2
SALLY BEAUTY HOL  S7V GR          2,120.5      (352.3)     638.2
SANCHEZ ENERGY C  SN US           2,218.1       (38.1)      (0.0)
SANCHEZ ENERGY C  SN* MM          2,218.1       (38.1)      (0.0)
SANCHEZ ENERGY C  13S GR          2,218.1       (38.1)      (0.0)
SANCHEZ ENERGY C  13S TH          2,218.1       (38.1)      (0.0)
SANCHEZ ENERGY C  SNEUR EU        2,218.1       (38.1)      (0.0)
SBA COMM CORP     4SB GR          7,308.9    (1,985.7)    (710.0)
SBA COMM CORP     SBAC US         7,308.9    (1,985.7)    (710.0)
SBA COMM CORP     SBJ TH          7,308.9    (1,985.7)    (710.0)
SBA COMM CORP     SBACEUR EU      7,308.9    (1,985.7)    (710.0)
SCIENTIFIC GAM-A  TJW GR          7,066.0    (1,998.1)     510.2
SCIENTIFIC GAM-A  SGMS US         7,066.0    (1,998.1)     510.2
SEARS HOLDINGS    SEE GR          9,071.0    (3,527.0)     127.0
SEARS HOLDINGS    SEE TH          9,071.0    (3,527.0)     127.0
SEARS HOLDINGS    SHLD US         9,071.0    (3,527.0)     127.0
SEARS HOLDINGS    SEE QT          9,071.0    (3,527.0)     127.0
SEARS HOLDINGS    SHLDEUR EU      9,071.0    (3,527.0)     127.0
SHELL MIDSTREAM   SHLX US         1,098.7      (252.5)     131.7
SHELL MIDSTREAM   49M GR          1,098.7      (252.5)     131.7
SHELL MIDSTREAM   49M TH          1,098.7      (252.5)     131.7
SIGA TECH INC     SIGA US           156.0      (303.4)      45.3
SILVER SPRING NE  SSNI US           295.6       (20.3)      49.5
SILVER SPRING NE  9SI GR            295.6       (20.3)      49.5
SILVER SPRING NE  9SI TH            295.6       (20.3)      49.5
SILVER SPRING NE  9SI QT            295.6       (20.3)      49.5
SILVER SPRING NE  SSNIEUR EU        295.6       (20.3)      49.5
SIRIUS XM HOLDIN  SIRI US         8,347.7    (1,041.7)  (2,148.9)
SIRIUS XM HOLDIN  RDO TH          8,347.7    (1,041.7)  (2,148.9)
SIRIUS XM HOLDIN  RDO GR          8,347.7    (1,041.7)  (2,148.9)
SIRIUS XM HOLDIN  SIRIEUR EU      8,347.7    (1,041.7)  (2,148.9)
SIRIUS XM HOLDIN  SIRI AV         8,347.7    (1,041.7)  (2,148.9)
SIX FLAGS ENTERT  SIX US          2,543.7       (49.4)    (150.5)
SIX FLAGS ENTERT  6FE GR          2,543.7       (49.4)    (150.5)
SONIC CORP        SONC US           563.8      (173.1)      60.4
SONIC CORP        SO4 GR            563.8      (173.1)      60.4
SONIC CORP        SONCEUR EU        563.8      (173.1)      60.4
STRAIGHT PATH-B   STRP US            20.9       (10.2)      (7.4)
STRAIGHT PATH-B   5I0 GR             20.9       (10.2)      (7.4)
SYNTEL INC        SYNT US           434.1       (97.3)     122.8
SYNTEL INC        SYE GR            434.1       (97.3)     122.8
SYNTEL INC        SYE TH            434.1       (97.3)     122.8
SYNTEL INC        SYE QT            434.1       (97.3)     122.8
SYNTEL INC        SYNT1EUR EU       434.1       (97.3)     122.8
SYNTEL INC        SYNT* MM          434.1       (97.3)     122.8
TAILORED BRANDS   TLRD US         2,114.2      (113.6)     712.4
TAILORED BRANDS   WRMA GR         2,114.2      (113.6)     712.4
TAILORED BRANDS   TLRD* MM        2,114.2      (113.6)     712.4
TAUBMAN CENTERS   TU8 GR          4,061.7      (111.7)       -
TAUBMAN CENTERS   TCO US          4,061.7      (111.7)       -
TINTRI INC        TNTR US            97.1       (68.5)      21.6
TOWN SPORTS INTE  CLUB US           236.6       (87.0)       4.6
TRANSDIGM GROUP   T7D GR         10,316.4    (1,895.4)   1,656.3
TRANSDIGM GROUP   TDG US         10,316.4    (1,895.4)   1,656.3
TRANSDIGM GROUP   TDG SW         10,316.4    (1,895.4)   1,656.3
TRANSDIGM GROUP   TDGCHF EU      10,316.4    (1,895.4)   1,656.3
TRANSDIGM GROUP   T7D QT         10,316.4    (1,895.4)   1,656.3
TRANSDIGM GROUP   TDGEUR EU      10,316.4    (1,895.4)   1,656.3
ULTRA PETROLEUM   UPL US          1,762.0      (940.1)     176.1
ULTRA PETROLEUM   UPL1EUR EU      1,762.0      (940.1)     176.1
ULTRA PETROLEUM   UPM1 GR         1,762.0      (940.1)     176.1
UNISYS CORP       UISCHF EU       2,318.9    (1,630.1)     426.5
UNISYS CORP       UISEUR EU       2,318.9    (1,630.1)     426.5
UNISYS CORP       UIS US          2,318.9    (1,630.1)     426.5
UNISYS CORP       UIS1 SW         2,318.9    (1,630.1)     426.5
UNISYS CORP       USY1 TH         2,318.9    (1,630.1)     426.5
UNISYS CORP       USY1 GR         2,318.9    (1,630.1)     426.5
UNITI GROUP INC   UNIT US         4,161.2    (1,059.0)       -
UNITI GROUP INC   8XC GR          4,161.2    (1,059.0)       -
VALVOLINE INC     VVV US          1,960.0      (203.0)     227.0
VALVOLINE INC     0V4 GR          1,960.0      (203.0)     227.0
VALVOLINE INC     0V4 TH          1,960.0      (203.0)     227.0
VALVOLINE INC     VVVEUR EU       1,960.0      (203.0)     227.0
VECTOR GROUP LTD  VGR GR          1,420.3      (284.5)     475.4
VECTOR GROUP LTD  VGR US          1,420.3      (284.5)     475.4
VECTOR GROUP LTD  VGR QT          1,420.3      (284.5)     475.4
VENATOR MATERIAL  VNTR US         2,380.0      (408.0)     434.0
VENATOR MATERIAL  1EC GR          2,380.0      (408.0)     434.0
VENATOR MATERIAL  1EC TH          2,380.0      (408.0)     434.0
VENATOR MATERIAL  VNTREUR EU      2,380.0      (408.0)     434.0
VERISIGN INC      VRS TH          2,344.3    (1,203.2)     321.0
VERISIGN INC      VRS GR          2,344.3    (1,203.2)     321.0
VERISIGN INC      VRSN US         2,344.3    (1,203.2)     321.0
VERISIGN INC      VRSNEUR EU      2,344.3    (1,203.2)     321.0
VERSUM MATER      VSM US          1,181.8        (9.7)     438.2
VERSUM MATER      2V1 GR          1,181.8        (9.7)     438.2
VERSUM MATER      VSMEUR EU       1,181.8        (9.7)     438.2
VERSUM MATER      2V1 TH          1,181.8        (9.7)     438.2
VIEWRAY INC       VRAY US           105.6       (17.0)      39.2
VIEWRAY INC       6L9 GR            105.6       (17.0)      39.2
VIEWRAY INC       VRAYEUR EU        105.6       (17.0)      39.2
WEIGHT WATCHERS   WTW US          1,247.3    (1,138.7)     (58.0)
WEIGHT WATCHERS   WW6 GR          1,247.3    (1,138.7)     (58.0)
WEIGHT WATCHERS   WW6 TH          1,247.3    (1,138.7)     (58.0)
WEIGHT WATCHERS   WTWEUR EU       1,247.3    (1,138.7)     (58.0)
WEST CORP         WSTC US         3,480.9      (324.5)     248.5
WEST CORP         WT2 GR          3,480.9      (324.5)     248.5
WIDEOPENWEST INC  WOW US          2,661.6      (645.2)     (33.7)
WIDEOPENWEST INC  WU5 GR          2,661.6      (645.2)     (33.7)
WIDEOPENWEST INC  WOW1EUR EU      2,661.6      (645.2)     (33.7)
WINGSTOP INC      WING US           114.6       (61.2)      (1.7)
WINGSTOP INC      EWG GR            114.6       (61.2)      (1.7)
WORKIVA INC       WK US             154.2        (6.1)      (2.0)
WORKIVA INC       0WKA GR           154.2        (6.1)      (2.0)
WORKIVA INC       WKEUR EU          154.2        (6.1)      (2.0)
YRC WORLDWIDE IN  YRCW US         1,759.1      (410.5)     292.9
YRC WORLDWIDE IN  YEL1 GR         1,759.1      (410.5)     292.9
YRC WORLDWIDE IN  YEL1 TH         1,759.1      (410.5)     292.9
YRC WORLDWIDE IN  YRCWEUR EU      1,759.1      (410.5)     292.9
YUM! BRANDS INC   YUM US          5,596.0    (6,102.0)     307.0
YUM! BRANDS INC   TGR GR          5,596.0    (6,102.0)     307.0
YUM! BRANDS INC   TGR TH          5,596.0    (6,102.0)     307.0
YUM! BRANDS INC   YUMEUR EU       5,596.0    (6,102.0)     307.0
YUM! BRANDS INC   YUMCHF EU       5,596.0    (6,102.0)     307.0
YUM! BRANDS INC   YUM SW          5,596.0    (6,102.0)     307.0
YUM! BRANDS INC   YUMUSD SW       5,596.0    (6,102.0)     307.0
YUM! BRANDS INC   YUMUSD EU       5,596.0    (6,102.0)     307.0


                            *********

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
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***