/raid1/www/Hosts/bankrupt/TCR_Public/190208.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, February 8, 2019, Vol. 23, No. 38

                            Headlines

ACAR WIND DOWN: New Plan Adds Provision to Claim Holders' Releases
ACCREDITED LIMOUSINE: Case Summary & 16 Unsecured Creditors
ACIS CAPITAL: Bankruptcy Court Confirms Chapter 11 Plan
ADVANCED SPORTS: BikeCo Acquires Assets as Going Concern
AKOUSTIS TECHNOLOGIES: Recurring Losses Cast Going Concern Doubt

ARSENAL ENERGY: Files Chapter 11 to Implement Pre-Pack Plan
BALLANTYNE BRANDS: Seeks Authority to Use DSC Cash Collateral
BIOSTAGE INC: Instructs Transfer Agent to Issue 500K Shares to DST
CATALINA: Bankruptcy Court Confirms Reorganization Plan
CHENIERE CORPUS: S&P Raises Rating to 'BB', Outlook Stable

CHENIERE ENERGY: S&P Raises Long-Term ICR to 'BB', Outlook Stable
COCRYSTAL PHARMA: Appoints Todd Brady as Director
DEAN FOODS: S&P Downgrades ICR to 'B-', On CreditWatch Negative
EMBER RESOURCES: S&P Withdraws 'CCC' ICR, 'CCC+' Unsec. Debt Rating
GETTY IMAGES: S&P Hikes ICR to 'B-', Outlook Stable

KELLEY BROS: March 7 Plan, Disclosure Statement Hearing
KPH CONSTRUCTION: Case Summary & 20 Largest Unsecured Creditors
LINK MOTION: Judge Appoints Robert Seiden as Temporary Receiver
LUBY'S INC: Harris Pappas Quits as Director
MASSENGILL INVESTMENTS: Unsecureds to Get 20% in Quarterly Payments

MIAMI LIMO: March 21 Approval Hearing on Disclosure Statement
MIAMI LIMO: Unsecureds to Get $1,000 Per Quarter for 5 Years
MIDATECH PHARMA: Raises GBP4.66 Million From Units Offering
PG&E CORP: Canadian Solar Has Potential Exposure to Bankruptcy
PLAYERS NETWORK: Accumulated Deficit Casts Going Concern Doubt

PRIME GLOBAL: ShineWing Australia Raises Going Concern Doubt
PROCESS AMERICA: Plan Confirmation Hearing Set for March 13
PROTEA BIOSCIENCES: Laidlaw Objects to Disclosure Statement
PROTEA BIOSCIENCES: S. Turner Objects to Disclosure Statement
PYRAMID QUALITY: March 18 Plan Confirmation Hearing

QUADRIGA FINTECH: To Restructure Under CCAA Protection
QUALITY CONSTRUCTION: To Sell Real Estate to Wein Air for $3.5MM
QUOTIENT LIMITED: Incurs $26.3 Million Net Loss in Third Quarter
RONALD AND GRACE: March 21 Plan Confirmation Hearing
SLOOP PROPERTIES: Online Bidding for Assets Ends Feb. 12

T.C.'S GRILL: Feb. 28 Plan and Disclosure Statement Hearing
TEXAS COMM: Case Summary & Unsecured Creditor
VANGUARD NATURAL: Receives Noncompliance Notice from OTC Markets
WORLD SYSTEMS: Case Summary & 3 Unsecured Creditors
[*] BRG Bags Healthcare/Life Sciences Deal of the Year Award


                            *********

ACAR WIND DOWN: New Plan Adds Provision to Claim Holders' Releases
------------------------------------------------------------------
ACAR Wind Down, Inc., f/k/a ActiveCare, Inc., and affiliates filed
a combined disclosure statement and chapter 11 plan of liquidation
dated Jan. 25, 2019.

This latest filing adds a provision on the releases of Debtors'
claim holders. The provision states that:

Notwithstanding any language to the contrary contained in the
combined plan and disclosure statement and/or the confirmation
order, no provision of the combined plan and disclosure statement
or the confirmation order shall (i)preclude the United  States
Securities and Exchange Commission from enforcing its police or
regulatory  powers; or (ii) enjoin, limit, impair or delay the SEC
from commencing or continuing any claims, causes of action,
proceedings, or investigations against any non-debtor person or
non-debtor entity in any forum.

A copy of the Combined Plan and Disclosure Statement dated Jan. 25,
2019 is available at https://is.gd/yqlNJn from Pacermonitor.com at
no charge.

                    About ActiveCare Inc.

ActiveCare, Inc. -- https://www.activecare.com/ -- is a real-time
health analytics and monitoring company that provides self-insured
health plans with solutions that significantly reduce the impact
and cost of diabetes.

ActiveCare, Inc., along with affiliates 4G Biometrics, LLC, sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 18-11659) on
July 15, 2018.  In the petitions signed by CEO Mark J. Rosenblum,
ActiveCare, Inc., declared total assets of $2,623,458 and
$41,787,746 in liabilities.

The Hon. Laurie Selber Silversteinis the case judge.

The Debtors tapped Polsinelli PC, led by Christopher A. Ward, Esq.,
as counsel; and Gavin/Solmonese LLC as financial advisor and asset
sale advisor.

Lucy Thomson serves as consumer privacy ombudsman in the case.

The U.S. Trustee appointed an official committee of unsecured
Creditors in the cases. The Committee tapped Orrick, Herrington &
Sutcliffe LLP and Klehr Harrison Harvey Branzburg, LLP, as
co-counsel, and RSR Consulting, LLC, as financial advisor.

On Jan. 9, 2019, the corporate name of ActiveCare, Inc., was
changed to ACAR Wind Down, Inc.


ACCREDITED LIMOUSINE: Case Summary & 16 Unsecured Creditors
-----------------------------------------------------------
Debtor: Accredited Limousine Service, LLC
        600 Mamaroneck Avenue, 4th Floor
        Harrison, NY 10528

Business Description: Accredited Limousine Service, LLC --
                      https://accreditedlimo.com --
                      is a chauffeured black car service that
                      provides local, national and worldwide
                      limousine services.  The Company services
                      commercial as well as corporate fleets, FBOs
                      and aircraft/management charter companies.
                      Accredited Limousine offers a wide selection
                      of vehicles, serving LaGuardia, Kennedy,
                      Newark, Teterboro and White Plains airport.

Chapter 11 Petition Date: February 6, 2019

Court: United States Bankruptcy Court
       Southern District of New York (White Plains)

Case No.: 19-22215

Judge: Hon. Robert D. Drain

Debtor's Counsel: Douglas J. Pick, Esq.
                  PICK & ZABICKI LLP
                  369 Lexington Avenue, 12th Floor
                  New York, NY 10017
                  Tel: (212) 695-6000
                  Fax: (212) 695-6007
                  E-mail: dpick@picklaw.net

Total Assets: $663,575

Total Liabilities: $1,494,868

The petition was signed by Douglas Thornton, sole/managing member.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 16 unsecured creditors is available for free
at:

           http://bankrupt.com/misc/nysb19-22215.pdf


ACIS CAPITAL: Bankruptcy Court Confirms Chapter 11 Plan
-------------------------------------------------------
Acis Capital Management, L.P. and Acis Capital Management GP, LLC
(collectively Acis), a Securities and Exchange Commission
(SEC)-registered investment adviser and collateralized loan
obligation (CLO) manager with approximately $2 billion in assets
under management, on Feb. 4, 2019, disclosed that the U.S.
Bankruptcy Court in Dallas has confirmed Acis' Chapter 11
restructuring plan.  Prior to bankruptcy, Acis was owned and
controlled by Highland Capital Management, L.P. and its affiliates
(collectively, Highland).

In 2018, Joshua N. Terry, former head of Highland's structured
products team and founder/former partner in Acis, and the holder of
an $8 million judgment, successfully initiated and prosecuted an
involuntary bankruptcy against Acis.  The case was subsequently
converted to Chapter 11.

Upon emergence from bankruptcy, Acis will be owned and operated by
Mr. Terry.  Acis' plan of reorganization proposes to pay creditors
in full.  Brigade Capital Management, LP, a global investment
management firm with over $20 billion in assets under management,
is currently acting as sub-adviser for the Acis CLOs.  Acis will
also retain substantial litigation claims against Highland, its
affiliates and principals, James Dondero and Mark Okada.

"[Mon]day's confirmation marks the beginning of an energizing new
chapter at Acis as an independent portfolio manager," said Robin
Phelan, Chapter 11 Trustee for Acis.  "Acis will be back in the
capable hands of Josh Terry, who I anticipate will generate results
similar to those of his first tenure with Acis,"
Mr. Phelan commented.

"At the outset of this bankruptcy case, it was not clear whether
creditors would have a reorganized company to look to for payment.
Acis can now pay its creditors and provide meaningful returns for
investors," said Jeff Prostok of Forshey Prostok, LLP.

"We are pleased the bankruptcy court saw a potential future for
this company," said Rakhee Patel of Winstead PC.  "We believe this
case is a prime example of how the bankruptcy process can and
should work for aggrieved creditors."

Robin Phelan of PHELANLAW served as the Chapter 11 Trustee of Acis.
Jeff Prostok, Suki Rosen, and Laurie Rea of Forshey Prostok, LLP
served as the Trustee's bankruptcy counsel and Rakhee Patel, Joe
Wielebinski, Annmarie Chiarello and Phillip Lamberson of Winstead
PC served as the Trustee's special counsel.  Richard Klein of
Miller Buckfire & Co. and Zachary Alpern of Stifel, Nicolaus & Co.,
Inc. served as the Trustee's financial advisor.

Joshua N. Terry is represented by Brian P. Shaw of Rogge Dunn
Group, P.C.

                About Acis Capital Management

Joshua N. Terry, as petitioning creditor, on Jan. 30, 2018, filed
an involuntary petition against Acis Capital Management, L.P.,
thereby initiating the Acis LP bankruptcy case.  Mr. Terry also
filed an involuntary petition against Acis Capital Management GP,
thereby initiating the Acis GP bankruptcy case.

On April 13, 2018, after six days of testimony and argument, the
Bankruptcy Court entered its findings of fact and conclusions of
law in support of orders for relief on the involuntary bankruptcy
petitions.  Also on April 13, Diane Reed was appointed as interim
Chapter 7 trustee for the Debtors' bankruptcy estates.  On April
18, the Court entered its order directing that the cases be jointly
administered under Case No. 18-30264 (Bankr. N.D. Tex.).

The Hon. Stacey G Jernigan presides over the cases.

On May 4, 2018, the Chapter 7 trustee filed a motion to convert the
cases to Chapter 11.  On
May 11, the court entered an order granting the motion.

On May 14, 2018, the U.S. Trustee appointed Robin Phelan as Chapter
11 trustee for the Debtors.  The trustee hired Forshey & Prostok,
LLP as counsel; Winstead PC, as special counsel; and Miller
Buckfire & Co., LLC and Stifel, Nicolaus & Co., Inc., each a
wholly-owned subsidiary of Stifel Financial Corp., as financial
advisor and investment banker.

The court has conditionally approved the disclosure statement with
respect to the First Amended Joint Plan filed by the Debtors.



ADVANCED SPORTS: BikeCo Acquires Assets as Going Concern
--------------------------------------------------------
BikeCo, LLC, a joint venture consisting of Tiger Capital Group and
Advanced Holdings Co. Ltd., has acquired the assets of Advanced
Sports Enterprises (ASE).  The winning bid, approved by the
bankruptcy court on Feb. 1, 2019, exceeded $23 million.

BikeCo, LLC will operate the wholesale business as Advanced Sports,
Inc. LLC. (ASI) and include ASI's bike trademarks Fuji, Kestrel,
SE, Breezer and Tuesday, and component brand Oval Concepts.

"We are committed to ASI's long-term success," stated joint venture
representatives Ryan Davis and George Hsu, executives at Tiger
Group and Advanced Holdings, respectively.  "With this purchase, we
intend to build on and improve the existing infrastructure of ASI's
wholesale distribution business."   

Messrs. Davis and Hsu added that the new owners plan to keep the
ASI brands and retain the vast majority of the staff in the
company's Philadelphia headquarters.

"We have some exciting product launches under our existing brands
in the very near future," said Karen Bliss, ASI's Chief Marketing
Officer.  "We look forward to providing a compelling selection of
products and excellent customer service to our dealer network."

                About Tiger Capital Group, LLC

Tiger Capital Group provides asset valuation, advisory and
disposition services to a broad range of retail, wholesale, and
industrial clients.  With over 40 years of experience and
significant financial backing, Tiger offers a uniquely nimble
combination of expertise, innovation and financial resources to
drive results.  Tiger's seasoned professionals help clients
identify the underlying value of assets, monitor asset risk factors
and, when needed, provide capital or convert assets to capital
quickly and decisively.  Tiger maintains offices in New York, Los
Angeles, Boston, Chicago, San Francisco, Houston and Toronto.

               About Advanced Sports Enterprises

Advanced Sports Enterprises, Inc., designs, manufactures and sells
bicycles and related goods and accessories.

Advanced Sports, Inc., is a wholesale seller of bicycles and
accessories.  ASI owns the following bicycle brands and is
responsible for their design manufacture and worldwide
distributions: Fuji, Kestrel, SE Bikes, Breezer, and Tuesday.

Performance Direct, Inc., designs, manufactures and sells bicycles
and related goods and accessories and operates a national
distribution of these goods under the Performance Bicycle brand
through an internet website business via the URL
http://www.performancebike.com/     
   
Bitech, Inc., operates 104 retail stores across 20 states under the
Performance Bicycle brand related to the sale of bicycles and
related good and accessories.  The businesses of Performance and
Bitech operate in conjunction with each other and they share a
number of services and a distribution warehouse.

Nashbar Direct, Inc., designs, manufactures and sells bicycles and
related goods and accessories under the Bike Nashbar brand through
an internet website business via the URL
http://www.bikenashbar.com/ The businesses of Nashbar also operate
in conjunction with Performance and share services and a
distribution warehouse.

Advanced Sports Enterprises and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. M.D.N.C. Lead Case
No. 18-80856) on Nov. 16, 2018.  

Advanced Sports Enterprises estimated assets of $1 million to $10
million and liabilities of $10 million to $50 million while
Advanced Sports, Inc., estimated assets of $100 million to $500
million and liabilities of $50 million to $100 million.  

The Hon. Benjamin A. Kahn is the case judge.

The Debtors tapped Northen Blue, LLP and Flaster/Greenberg P.C. as
their bankruptcy counsel; D.A. Davison & Co. as investment banker;
Clear Thinking Group LLC as financial advisor; and Kurtzman Carson
Consultants LLC as claims, noticing and balloting agent.

William Miller, the bankruptcy administrator for the Middle
District of North Carolina, appointed an official committee of
unsecured creditors on Nov. 27, 2018.  The committee tapped Waldrep
LLP and Cooley LLP as its legal counsel, and Province Inc. as its
financial advisor.



AKOUSTIS TECHNOLOGIES: Recurring Losses Cast Going Concern Doubt
----------------------------------------------------------------
Akoustis Technologies, Inc., filed its quarterly report on Form
10-Q, disclosing a net loss of $6,745,325 on $323,276 of revenue
for the three months ended Dec. 31, 2018, compared to a net loss of
$5,540,416 on $444,553 of revenue for the same period in 2017.

At Dec. 31, 2018 the Company had total assets of $57,561,892, total
liabilities of $21,010,500, and $36,551,392 in total stockholders'
equity.

Interim Chief Financial Officer Kenneth E. Boller states that at
Dec. 31, 2018, the Company had cash and cash equivalents of $42.1
million and working capital of $40.8 million.  The Company has
historically incurred recurring operating losses, and has
experienced net cash used in operating activities of $8.6 million
for the six months ended December 31, 2018 which raise substantial
doubt about the Company's ability to continue as a going concern
within one year after the issuance date.  However, as of January
28, 2019, the Company had $40.7 million of cash and cash
equivalents which alleviated any substantial doubt about the
Company's ability to continue as a going concern.  These funds will
be used to fund the Company's operations, including capital
expenditures, R&D, commercialization of our technology, development
of our patent strategy and expansion of our patent portfolio, as
well as to provide working capital and funds for other general
corporate purposes.  These funds are expected to be sufficient to
fund our operations beyond the next twelve months from the date of
filing of this Form 10-Q.

A copy of the Form 10-Q is available at:

                       https://is.gd/W1nYMh

Akoustis Technologies, Inc., through its subsidiary, Akoustis,
Inc., develops, designs, manufactures, and sells radio frequency
(RF) filter products for the mobile wireless device industries in
the United States.  The Company operates through two segments,
Foundry Fabrication Services and RF Filters.  The Foundry
Fabrication Services segment provides engineering review services;
and smart systems technology and commercialization center foundry,
as well as manufacturing and micro-electromechanical systems
foundry services.  The RF Filters segment consists of amplifier and
filter products.  It offers RF filters for mobile wireless devices,
such as smartphones and tablets, cellular infrastructure equipment,
and Wi-Fi premise equipment.  The Company was founded in 2014 and
is headquartered in Huntersville, North Carolina.


ARSENAL ENERGY: Files Chapter 11 to Implement Pre-Pack Plan
-----------------------------------------------------------
Arsenal Resources, a growing pure play natural gas operator in the
Marcellus Shale, announced that its top tier holding company --
Arsenal Energy Holdings LLC ("AEH") -- commenced a chapter 11 case
in the Bankruptcy Court for the District of Delaware on February 4,
2019. AEH filed the chapter 11 case to implement a pre-packaged
plan of reorganization (the "Plan of Reorganization") whereby all
of AEH's outstanding subordinated notes (approximately $861
million) will be converted into equity through a debt-for-equity
exchange.

Arsenal is pleased to announce that the Plan of Reorganization has
overwhelming support from its stakeholders, with over 93% of the
subordinated noteholders holding over 95% in principal amount and
100% of its common equity holders voting in favor.  Arsenal
anticipates that the AEH Plan of Reorganization will be consummated
expeditiously and has sought approval to emerge from chapter 11 by
February 14, 2019.

The chapter 11 case only involves a proceeding at AEH, which does
not conduct operations, and all of its creditors other than the
subordinated noteholders will not be impacted by the plan.
Additionally, none of Arsenal's operating entities, including any
of its subsidiaries, will be affected by the chapter 11 case or the
Plan of Reorganization.  All of their employees, customers, vendors
and lenders will be paid in the ordinary course of business without
interruption as if the chapter 11 case had not been commenced.

"We are pleased that our stakeholders have shown their confidence
in the Company and have voted nearly unanimously in favor of the
Plan of Reorganization.  Implementing the Plan of Reorganization
will provide the Company with runway to execute on our
growth-focused long-term operational business plan and will allow
us to continue to operate seamlessly with no impact to our
employees, customers and vendors," said Jonathan Farmer, Chief
Executive Officer of AEH.

                      About Arsenal Resources

Arsenal Resources -- http://www.arsenalresources.com/-- is an
independent exploration and production company headquartered in
Pittsburgh, Pennsylvania that is engaged in the acquisition,
exploration, development and production of natural gas in the
Appalachian Basin.  Through the strategic employment of select
technologies, the company achieves continuous improvement in
efficiencies and production results.



BALLANTYNE BRANDS: Seeks Authority to Use DSC Cash Collateral
-------------------------------------------------------------
Ballantyne Brands, LLC, seeks authority from the U.S. Bankruptcy
Court for the Western District of North Carolina to use cash
collateral to fund day-to-day operations.

Goodman Factors, which had obtained a judgment based on the debt of
a trade creditor, obtained a default judgment and a writ of
execution. On Jan. 14, 2019, the Mecklenburg County Sheriff's
department issued a Notice of Levy on Ballantyne Brands' bank
account.

Based on the public records review performed by the counsel for
Ballantyne, it appears that only two entities filed financing
statements against Ballantyne: DSC and Citibank, N.A. Citibank's
security interest is limited to receivables that were due to
Ballantyne Brands from Walmart.

Before the commencement of the case, Ballantyne borrowed $8,112,849
from DSC Services II LLC -- an affiliate of Ballantyne, secured by
essentially all of Ballantyne's assets. As of the filing date, and
exclusive of interest that has accrued since Nov. 30, 2018,
Ballantyne owes DSC $7,392,369.

Ballantyne negotiated with DSC regarding the proposed use of cash
collateral. The parties agreed to the following terms, which are
incorporated in the form of the proposed order filed with this
motion:

      A. Ballantyne may use cash collateral for the payment of
ordinary and permissible chapter 11 expenses during this bankruptcy
case.

      B. DSC will have replacement liens on such of Ballantyne's
post-petition assets that DSC had before the commencement of these
cases, including but not limited to cash and any receivables
generated by post-petition operations of Ballantyne. However, if
the Court subsequently determines that there is a defect in the
perfection or priority of DSC's pre-petition liens and interests,
the replacement liens will remain subject to challenge by any
creditor or party in interest.

A copy of the Debtor's Motion is available at

            http://bankrupt.com/misc/ncwb19-30083-9.pdf

                    About Ballantyne Brands

Ballantyne Brands -- https://www.misticecigs.com/ -- manufactures
electronic cigarette under the brand Mistic.

Ballantyne Brands LLC, a Delaware limited liability company, and
Ballantyne Brands LLC, a North Carolina limited liability company,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
W.D.N.C. Case Nos. 19-30083 and 19-30084) on Jan. 18, 2019.

At the time of the filing, Ballantyne Brands disclosed $189,222 in
assets and $16,613,740 in liabilities.  Meanwhile, the company's
North Carolina affiliate reported zero assets and liabilities of
$1,586,511.

The cases are assigned to Judge Craig J. Whitley.


BIOSTAGE INC: Instructs Transfer Agent to Issue 500K Shares to DST
------------------------------------------------------------------
On Dec. 27, 2017, Biostage, Inc., entered into a Securities
Purchase Agreement with certain investors. Pursuant to and
simultaneously with the execution of the December 2017 Purchase
Agreement, among other securities then issued, the Company issued
warrants to purchase 3,108,000 shares of Common Stock with an
exercise price of $2.00 per share to the December 2017 Investors.

On Jan. 31, 2019, the Company instructed its transfer agent to
issue 500,000 shares of its common stock to DST Capital, LLC, one
of the December 2017 Investors, in connection with the exercise by
such investor of a portion of the December 2017 Warrants.  Those
warrants are being exercised in exchange for the payment to the
Company of the aggregate cash exercise price of $1,000,000.  The
shares were sold and issued without registration under the
Securities Act in reliance on the exemptions provided by Section
4(a)(2) of the Securities Act as transactions not involving a
public offering and Rule 506 promulgated under the Securities Act
as sales to accredited investors, and in reliance on similar
exemptions under applicable state laws.

                        About Biostage

Headquartered in Holliston, Massachusetts, 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 pre-clinical data, Biostage has selected life-threatening
conditions of the esophagus as the initial clinical application of
its technology.

Biostage incurred a net loss of $11.91 million in 2017 and a net
loss of $11.57 million in 2016.  As of Sept. 30, 2018, the Company
had $4.45 million in total assets, $938,000 in total liabilities
and $3.51 million in total stockholders' equity.

The report from the Company's independent accounting firm KPMG LLP,
in Cambridge,  Massachusetts, on the consolidated financial
statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating 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.



CATALINA: Bankruptcy Court Confirms Reorganization Plan
-------------------------------------------------------
Catalina, the market leader in shopper intelligence and
personalized digital media that converts shoppers into buyers, on
Jan. 31, 2019, disclosed that the United States Bankruptcy Court
for the District of Delaware ("the Court") has confirmed the
company's Plan of Reorganization (the "Plan").  Catalina expects to
complete its restructuring and successfully emerge from Chapter 11
in the coming weeks.

"The Court's approval of our Plan will enable Catalina to move
forward as a stronger company that is well positioned to succeed in
a competitive marketplace," said Catalina CEO Jerry Sokol. "Through
this process, which took less than 60 days, we have significantly
reduced the debt on our balance sheet.  With this solid financial
foundation in place, we are accelerating critical investments in
technology, advanced analytics and data science to transform the
in-store experience for buyers and deliver innovative new solutions
to solve our customers' challenges."

The company's successful financial restructuring is another step
forward in its omni transformation, led by an experienced team of
thought leaders and innovators, including Chief Data and Analytics
Officer Dr. Wes Chaar. Dr. Chaar and his team are focused on
fortifying Catalina's buyer intelligence data in a variety of ways
to provide an increasingly dimensionalized view of buyers.

"We are leveraging machine learning and artificial intelligence to
power new solutions around consumer preference modeling,
measurement and ID mapping, providing buyer behavioral
understanding," Dr. Chaar said.  "And, our growing team of data
scientists is creating new algorithms to enhance personalization
offerings to drive greater ROI."

Catalina's visionary Chief Product Officer, Kevin Hunter, and team
are strengthening the company's commercialization structure to test
and bring powerful new products and solutions to market.

"We just launched a groundbreaking attribution solution that
provides CPG marketers with a granular, real-time view of national
campaign performance in stores at the UPC-level.  Multi-Touch
AttributR utilizes Catalina's proprietary ID graph, which maps
millions of digital IDs to shopper IDs to definitively close the
gap between digital engagement and in-store sales," noted
Mr. Hunter.  "In the weeks ahead, we will introduce additional
offerings that add dimension to our existing personalization
capabilities."

Catalina is also gaining traction with new partnerships across its
global retail network, including new multi-year contracts with the
Edeka, famila, and Combi banners in Germany, as well as Inageya in
Japan.  These new partnerships will add 100 million transactions to
the Catalina network.

Mr. Sokol concluded, "The confirmation is a testament to the
hardworking employees of Catalina who have continued to deliver
exceptional service and value to our customers.  I thank them for
enabling us to quickly implement our restructuring.  I also want to
thank our customers, business partners and other stakeholders for
their continued support throughout this process."

Upon emergence, Catalina will have reduced its debt by more than 80
percent from approximately $1.9 billion to approximately $280
million, facilitating continued investment to enhance the company's
capabilities for the benefit of its customers.

Additional information is available at Catalina's restructuring
website at www.catalinarestructuring.com.  Court filings and
information about the claims process are available at
http://cases.primeclerk.com/Catalina,by calling the company's
claims agent, Prime Clerk, toll-free at 844-205-4337 or local at
917-460-0912 or emailing catalinateam@primeclerk.com.

                        About Catalina

Catalina Marketing Corp. -- https://www.catalina.com/ -- is a
personalized digital media and marketing company that owns and
operates a proprietary dual function in-store data-gathering
network and promotion-publishing channel.  Catalina's customers are
some of the world's largest retailers and manufacturers of
consumer-packaged goods.  Through the application of its
proprietary analytics systems, Catalina uses a shopper purchase
database and real-time retailer data to make accurate predictions
about shoppers' future purchasing behaviors based on not only
historical purchasing behaviors, but also on emerging trends in
consumer behavior.  Formed in 1983, Catalina is based in St.
Petersburg, Florida, with operations in the United States, Europe
and Japan.

In 2007, entities affiliated with Hellman & Friedman LLC, a private
equity firm with a focus on information services and media, through
its wholly owned subsidiary, Checkout Holding Corp., acquired
Catalina.  In 2014, funds affiliated with Berkshire Partners LLC, a
Boston-based investment firm and certain third-party co-investors,
acquired a controlling interest in Catalina.  Berkshire currently
holds 40.71% of all the outstanding common stock of Catalina's
ultimate parent PDM Group Holdings.

Catalina Marketing Corporation and 10 affiliates, including parent
Checkout Holding Corp., sought Chapter 11 protection on Dec. 12,
2018 with a prepackaged plan that would reduce debt by $1.6
billion.  The lead case is In re Checkout Holding Corp. (Bankr. D.
Del. Case No. 18-12794).

Catalina disclosed funded debt of $1.9 billion as of the bankruptcy
filing.  Assets are in the range of $1 billion to $10 billion.

The Hon. Kevin Gross is the case judge.

Weil, Gotshal & Manges LLP is serving as legal counsel, Centerview
Partners LLC is serving as financial advisor and FTI Consulting is
serving as restructuring advisor to Catalina.  Richards, Layton &
Finger, P.A., is the local counsel.  Prime Clerk LLC is the claims
agent.

Jones Day is counsel to the Consenting First Lien Lenders.

Paul, Weiss, Rifkind, Wharton & Garrison LLP is counsel to the
Consenting Second Lien Lenders.


CHENIERE CORPUS: S&P Raises Rating to 'BB', Outlook Stable
----------------------------------------------------------
S&P Global Ratings raised its rating on Cheniere Corpus Christi
Holdings LLC's (CCH) senior debt to 'BB' from 'BB-' based on its
upgrade on parent Cheniere Energy Inc. (CEI; BB/Stable/--). The '2'
recovery rating on the debt is unchanged indicating its expectation
of substantial (70%-90%; rounded estimate 85%) recovery in
default.

S&P's rating on CCH is constrained by its rating on parent CEI.
The outlook remains stable based on construction that is proceeding
on time and on budget and its stable outlook on the parent.

The main driver of the project's current credit profile is
construction progress and funding. Construction is nearing
completion on trains 1 and 2, with substantial completion expected
in first-half 2019 for train one and the latter part of 2019 for
train 2. Construction on the third train is progressing well and
remains on time and largely on budget. However, S&P Global Ratings
caps the rating on the project based on its rating on CCH's
ultimate parent, CEI. The cap is in place because of the unfunded
equity commitment from CEI and therefore subject to CEI credit
risk. Given the recent upgrade on CEI to 'BB' from 'BB-' S&P has
raised its senior debt rating on CCH to 'BB' from 'BB-' based on
the rating cap. The stand-alone credit profile (SACP) on the
project before the CEI rating cap is 'bbb-'.

S&P said, "The stable outlook reflects our expectation of the
project's steady progress over the next 18 to 24 months given
ongoing construction activities that are within our schedule and
budget expectations, and is also based on our stable outlook on
CEI. The stable outlook on CEI reflects our expectation of the
successful completion of additional trains at SPLIQ and Corpus
Christi Liquefaction LLC on time and within budget."

"Because the rating on CCH's debt is capped by our issuer credit
rating on CEI, a negative outlook revision on or downgrade of CEI
would result in a similar rating action on CCH's debt. At this
time, we think a downgrade to CEI over the outlook period is
unlikely, given that four trains are now fully operational, with
three additional trains coming into production during 2019. Aside
from a negative rating action on CEI, a downgrade would require
that the construction phase SACP falls to 'bb-'. Factors that could
cause this include major delays for completion or major cost
overruns such that available funding does not cover our
downside-case cost profile by a substantial margin. With the advent
of the train 3 construction there is some additional construction
risk but the company has managed all of its construction projects
well to date."

Over the outlook horizon, the sole factor that would result in an
upgrade would be an upgrade on CEI because it caps the issue-level
rating on CCH's debt. However, given the recent upgrade on CEI, S&P
thinks a positive rating action on CEI over the outlook period is
unlikely.  

S&P said, "In the longer term, during construction, once CEI has
provided its equity commitment, we could raise our rating on CCH if
the construction phase SACP were at least 'bb+'(currently 'bbb-').
When the project is at or near completion and we have confidence in
its operational performance, our rating on CCH's debt would reflect
the operations phase risk profile."


CHENIERE ENERGY: S&P Raises Long-Term ICR to 'BB', Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings raised its long-term issuer credit rating on
liquefied natural gas (LNG) developer Cheniere Energy Inc. (CEI) to
'BB' from 'BB-'.

The upgrade reflects S&P's view of Cheniere Energy Inc.'s (CEI)
business risk profile after the company's recent announcement that
train five at the Sabine Pass Liquefaction LLC (SPLIQ) facility and
the first train at the Corpus Christi Liquefaction LLC (CCLIQ)
facility have begun commissioning with substantial completion
expected in the first half of 2019. In addition, the company
announced that the second train at the CCLIQ is expected to achieve
substantial completion during the second half of 2019.

S&P said: "The stable outlook reflects our expectation of the
successful completion of additional trains at SPLIQ and CCLIQ on
time and within budget. We believe that the additional trains
further strengthen the company's business risk profile, will add
cash flow throughout 2019, with cash flow achieving a more even
state in 2020. We expect debt-to-EBITDA of about 4.5x from 2020 to
2022, which is the focus of our forecast."

"We could take a negative rating action if the projects under
construction are not completed on time and within budget or if the
company experiences an unanticipated interruption at one of its
facilities that results in a material reduction in cash flow. We
could also take a negative rating action if the company were to
undertake additional leverage that resulted in debt-to-EBITDA
increasing above 5x during our forecast period," S&P said.

"An upgrade would likely require an improvement in the financial
risk profile to a level where debt-to-EBITDA is below 4x under our
long-term forecast. Given the highly contracted nature of nearly
all cash flow at CCLIQ, SPLIQ, and Sabine Pass LNG (SPLNG), we
think such a development would require de-leveraging at CCLIQ on a
consolidated basis or deleveraging at SPLIQ, resulting in higher
distributions from CQP," S&P said.



COCRYSTAL PHARMA: Appoints Todd Brady as Director
-------------------------------------------------
The Board of Directors of Cocrystal Pharma, Inc., appointed Mr.
Todd Brady as a director, effective Feb. 1, 2019.  Mr. Brady was
also appointed as a member of the Audit Committee of the Board.  He
was designated by Dr. Raymond Schinazi, the Company's principal
stockholder, pursuant to the Stockholder Rights Agreement, dated
Nov. 24, 2014.

Todd Brady, 39, has served as the director of Finance and
Investments at Brace Pharma Capital, Inc., since April 2014.
               
                    Emory License Agreement Termination

On Dec. 6, 2018, the Company notified Emory University of the
termination of the Company's License Agreement with Emory, dated
March 7, 2013.  The License Agreement covered patents and patent
applications for hepatitis C virus inhibitors, which the Company no
longer considers essential to its HCV program.  As part of the
Company's HCV program, the Company continues to focus its efforts
on CC-31244, its HCV Non-Nucleoside Polymerase Inhibitor, in Phase
2a clinical trial.  The Company had the right to terminate the
License Agreement at its sole discretion upon a 90 days' prior
written notice and upon payment of all amounts due Emory under the
License Agreement through the date of termination.  As of Feb. 1,
2019, no amounts were due under the License Agreement.  The Company
is presently evaluating the extent to which the termination of the
License Agreement may require it to impair some of its intangible
assets.

                   About Cocrystal Pharma

Cocrystal Pharma, Inc., formerly known as Biozone Pharmaceuticals,
Inc., is a clinical stage biotechnology company discovering and
developing novel antiviral therapeutics that target the replication
machinery of hepatitis viruses, influenza viruses, and noroviruses.
The company is headquartered in Tucker, Georgia.

Cocrystal Pharma reported a net loss of $613,000 on $0 of grant
revenues for the year ended Dec. 31, 2017, compared to a net loss
of $74.87 million on $0 of grant revenues for the year ended  Dec.
31, 2016.  As of Sept. 30, 2018, the Company had $124.2 million in
total assets, $13.27 million in total liabilities and $110.90
million in total stockholders' equity.

The Company's auditors issued an audit opinion for the year ended
Dec. 31, 2017 which contained what is referred to as a "going
concern" opinion.  BDO USA, LLP, in Seattle, Washington, noted that
the Company has suffered recurring losses from operations and has
an accumulated deficit that raise substantial doubt about its
ability to continue as a going concern.


DEAN FOODS: S&P Downgrades ICR to 'B-', On CreditWatch Negative
---------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on fluid milk
producer Dean Foods Co. to 'B-' from 'B+', and the issue-level
ratings on the company's $450 million revolving credit facility
maturing in 2022 to 'B+' from 'BB'. The recovery rating remains
'1'.

S&P also lowered the issue-level rating on the company's $700
million senior unsecured debt due in 2023 to 'B-', from 'B+'. The
recovery rating remains '3'.

"At the same time, we are placing all ratings on CreditWatch with
negative implications reflecting the company's near term need to
refinance its bank facilities with less onerous financial covenants
and extend its Receivable Purchase Agreement (RPA) to restore
adequate liquidity. We will resolve the CreditWatch listing once
the company addresses its refinancing and reports fiscal year-end
financial performance," S&P said.

"The downgrade and negative CreditWatch listing reflect our view
that Dean Foods' operating performance deteriorated meaningfully
during the fourth quarter ended Dec. 31 2018, given the company's
need to seek an amendment on its RPA facility to maintain borrowing
availability, and need to refinance its revolving credit facility
for more financial flexibility," S&P said.  

The amendment allows the company to waive compliance with the
financial covenant under the exiting RPA facility until March 1,
2019. The company disclosed in a Jan. 17, 2019, 8-K filing that it
would seek to complete the refinancing of its credit facilities by
March 1, 2019.

"While S&P believes Dean Foods will be able to amend its RPA and
replace the revolver by this date to ensure liquidity, it
nonetheless believes operating with limited borrowing availability
only through March 1 2019(absent another agreement) exposes the
company to undue liquidity risk," S&P said.

"The CreditWatch negative placement reflects Dean Foods' weakened
liquidity position and our belief that fiscal 2018 operating
performance was materially weaker than expected. We will resolve
the CreditWatch placement following the completion of its bank
facility refinancing, the extension of its Receivables Purchase
Agreement, and receipt of its fiscal year end audited financial
statements. We will also evaluate Dean's ability to maintain
sufficient liquidity for working capital needs, and it ability to
generate sufficient cash flow to invest in capital expenditures and
business improvement initiatives while still servicing its debt. We
could lower our ratings on Dean Foods if liquidity is not restored
within the next month; otherwise, we would likely affirm our
ratings at the present level following our review," S&P said.


EMBER RESOURCES: S&P Withdraws 'CCC' ICR, 'CCC+' Unsec. Debt Rating
-------------------------------------------------------------------
On Feb. 1, 2019, S&P Global Ratings withdrew its 'CCC' long-term
issuer credit rating and 'CCC+' senior unsecured debt issue-level
rating on Ember Resources Inc. at the company's request. At the
time of withdrawal, the outlook on the long-term issuer credit
rating was negative. Ember is a Calgary, Alta.-based exploration
and production company operating in the Horseshoe Canyon coalbed
methane fairway.



GETTY IMAGES: S&P Hikes ICR to 'B-', Outlook Stable
---------------------------------------------------
U.S.-based global digital media company Getty Images Inc. plans to
refinance its capital structure with a $1.5 billion first-lien
credit facility, $400 million in unsecured debt, and $600 million
in preferred and common equity from third party investor, Koch
Development LLC and Getty's parent company Griffey Global Holdings
Inc. The proposed transaction will improve Getty's liquidity and
debt maturity profile.

S&P Global Ratings is raising its issuer credit rating on Getty to
'B-' from 'CCC' and removing it from CreditWatch with developing
implications.

At the same time, S&P is assigning its 'B-' issue-level rating and
'3' recovery rating to the proposed first-lien debt. The ratings on
the company's existing debt issues remain unchanged. S&P expects to
withdraw its ratings on the company's existing debt following the
close of the proposed transaction.

"The upgrade reflects our expectation that Getty's liquidity
improves following the close of the proposed refinancing
transaction. The company plans to use proceeds from its proposed
first-lien debt issuance, unsecured debt, common and pay-in-kind
(PIK) preferred equity, along with cash on hand to refinance
upcoming 2019 debt maturities. The proposed transaction will extend
maturities past five years and improve the company's near term
liquidity position. We expect Getty will have sufficient liquidity,
including an undrawn revolver at transaction close, and over $120
million of internally generated cash flows to meet debt obligations
and business investment needs over the next 12-18 months," S&P
said.

"Pro forma for the transaction, adjusted debt to EBITDA will remain
high at mid-9x at fiscal year-end 2018. We include the preferred
stock as debt in our financial ratios, and assume the company will
elect to utilize the PIK interest feature over the coming years.
While this provides the company with increased financial
flexibility to make investments or to repay debt, it slows
deleveraging because of the relatively high PIK interest rate (8%
plus five-year U.S. Treasury) on the preferred stock. We expect the
company's leverage will decline to around 8x in 2019 and further
improve to 7.5x in 2020 primarily due to reduction in one-time and
restructuring costs and to some degree from voluntary debt
repayment with cash flows," S&P said.  "Although organic cash flow
generation will improve, reduced restructuring and one-time costs
is critical to generating sufficient free cash flow for business
reinvestment and deleveraging, in our view. Moreover, the forced
redemption provisions under the company's preferred stock requires
Getty to deleverage over time to allow for the eventual refinancing
of the instrument. Inability to meaningfully deleverage over time
would limit the company's ability to eventually refinance its
proposed secured and unsecured debt, due to the overhang of the
eventual preferred redemption."

The stable outlook reflects S&P's expectation that operating
performance will continue to improve on management's turnaround
initiatives, such that various one-time and restructuring costs
decline below $15 million and reported free operating cash flow
improves to above $50 million, adjusted debt leverage declines to
about 8x over the next 12 months.

"We could lower our rating if Getty's operating turnaround stalls
and profitability weakens due to, for example, inability to realize
expected cost savings, greater price-based competition, or
insufficient demand for its subscription offerings. This could lead
to annual reported FOCF falling below $40 million, weaker
liquidity, and credit metrics materially deviating from our
expectations, which would cause us to view the capital structure as
unsustainable," S&P said.

"An upgrade is unlikely over the next 12 months given forecast
leverage, ongoing business transformation, and management execution
risks. However, we could raise the rating if Getty successfully
grows revenues and EBITDA margins, lowers leverage towards 6x and
is in a position to refinance its increasing PIK debt," S&P said.


KELLEY BROS: March 7 Plan, Disclosure Statement Hearing
-------------------------------------------------------
The first amended disclosure statement explaining Kelley Bros.,
Inc.'s first amended plan of reorganization is conditionally
approved.

The hearing on the disclosure statement and confirmation of the
plan, at which testimony will be received if offered and
admissible, will be held on March 7, 2019 at 10:00 AM, in US
Bankruptcy Court, Courtroom #5, 405 E 8th Ave, Eugene, OR 97401.

Written ballots accepting or rejecting the Plan must be received by
the proponent of the plan, Loren S. Scott, whose service address is
P.O. Box 70422, Springfield, OR 97475, no later than seven days
before March 7.

Objections to the proposed disclosure statement or plan must be in
writing, setting forth the specific grounds and details of
objection, and must be filed with the Clerk of Court no later than
seven days before March 7.

A redlined version of the First Amended Disclosure Statement dated
Jan. 21, 2019, is available at https://tinyurl.com/yd7rtvxm from
PacerMonitor.com at no charge.

                 About Kelley Bros. Inc.

Kelley Bros., Inc., is a privately-held company in the moving
ervice industry located in Veneta, Oregon.  It has been providing
lumber trucking services since 1981.

Kelley Bros. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ore. Case No. 18-60423) on Feb. 16, 2018.  In its
petition signed by Myrna D. Kelley, president, the Debtor disclosed
$1.81 million in assets and $2.41 million in liabilities as of Dec.
31, 2016.  Judge Thomas M. Renn presides over the case.  The Debtor
tapped The Scott Law Group as its legal counsel.


KPH CONSTRUCTION: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Four affiliates that have filed voluntary petitions seeking relief
under Chapter 11 of the Bankruptcy Code:

        Debtor                                        Case No.
        ------                                        --------
        KPH Construction Corp. (Lead Case)            19-20939
        1237 West Bruce Street
        Milwaukee, WI 53204

        KPH Environmental Corporation                 19-20940
        KPH Construction Services, LLC                19-20942
        Triple H Holdings, LLC                        19-20945

Business Description: Founded in 1999, KPH Construction, KPH
                      Environmental and KHP Services are providers

                      of commercial construction services.  Triple
                      H is a holding company.  Keith P. Harenda is
                      the sole member and manager of Triple H, and
                      the sole shareholder and president of KPH
                      Construction and KPH Environmental.  Harenda
                      is the manager of KPH Services.  The KPH
                      Debtors collectively employ approximately 30
                      people in the operations of their
                      construction business at projects throughout

                      Wisconsin.

Chapter 11 Petition Date: February 6, 2019

Court: United States Bankruptcy Court
       Eastern District of Wisconsin (Milwaukee)

Judge: Hon. Beth E. Hanan

Debtors' Counsel: Evan Schmit, Esq.
                  Jerome R. Kerkman, Esq.
                  KERKMANN & DUNN
                  839 North Jefferson Street, Suite 400
                  Milwaukee, WI 53202
                  Tel: 414-277-8200
                  Fax: 414-277-0100
                  E-mail: eschmit@kerkmandunn.com
                          jkerkman@kerkmandunn.com

                    - and -

                  Rebecca DeMarb, Esq.
                  DEMARB BROPHY LLC
                  East Washington Avenue & Capitol Square
                  P.O. Box 631
                  Madison, WI 53701
                  Tel: 608.310.5500
                       608.310.5502
                  Fax: 608.310.5525
                  E-mail: rdemarb@demarb-brophy.com

KPH Construction Corp's
Estimated Assets: $1 million to $10 million

KPH Construction Corp's
Estimated Liabilities: $10 million to $50 million

The petitions were signed by Keith P. Harenda, president.

Triple H Holdings lists Liberty Mutual as its sole unsecured
creditor holding an unknown amount of claim.

A copy of KPH Construction Corp's list of 20 largest unsecured
creditors is available for free at:

           http://bankrupt.com/misc/wieb19-20939_creditors.pdf

The full-text copies of two of the Debtors' petitions are available
for free at:

                 http://bankrupt.com/misc/wieb19-20939.pdf
                 http://bankrupt.com/misc/wieb19-20945.pdf


LINK MOTION: Judge Appoints Robert Seiden as Temporary Receiver
---------------------------------------------------------------
On Feb. 1, 2019, Robert W. Seiden, Esq. was appointed by the
Honorable Victor Marrero of the U.S. District Court Southern
District of New York as the temporary Receiver over Link Motion
Inc. during the pendency of the case entitled Wayne Baliga v. Link
Motion Inc. et al., case number 1:18-cv-11642.  In addition to
appointing Mr. Seiden as the Receiver over Link Motion Inc.
("LKM"), Judge Marrero also granted a preliminary injunction
restraining Link Motion from transferring any assets out of the
Company without the Receiver's approval.

The lawsuit underlying the Receivership stems from a series of
alleged misconduct by Link Motion's Chairman, Dr. Vincent Shi.  The
lawsuit was brought by holders of ADR's in LKM, including in the
U.S. and China, after information of the alleged wrongdoing was
brought to light by former U.S. employee Matt Mathison.
LKMForward, a significant group of shareholders, hired The Seiden
Group as its counsel to represent its case and to assist all
shareholders in the ultimate recovery of Company assets.

Seiden has vast experience in international asset recovery,
particularly in China, and has been appointed Receiver over 20
China-based U.S.-listed companies.  If you should have information
that may be helpful to the Receivership, please contact the Seiden
Group directly at:  646-766-1703 or via email to
Dgold@seidenlegal.com.

                    About The Seiden Group

The Seiden Group is a global law firm based on New York City
focused on helping shareholders, creditors, businesses and
individuals to resolve disputes, recover assets, enforce judgments,
and solve problems with foreign governments, the U.S. government
and companies around the world and in the U.S.

                   About Link Motion Inc.

Link Motion Inc. (NYSE: LKM) -- http://www.lkmotion.com/-- is a
smart car and smart ride company.  Link Motion's portfolio of
offerings includes enabling technology solutions and secure
connected carputers for the ecosystem of car businesses, consumer
ride sharing services, as well as legacy mobile security,
productivity and other related applications.



LUBY'S INC: Harris Pappas Quits as Director
-------------------------------------------
Harris J. Pappas has provided notice to the Board of Directors of
Luby's, Inc. that he was resigning his position as a director of
the Company effective Jan. 31, 2019.  The Board is currently
engaged in the process of identifying a replacement.

                          About Luby's

Houston, Texas- based Luby's, Inc. (NYSE: LUB) --
http://www.lubysinc.com/-- operates 140 restaurants nationally as
of Dec. 19, 2018: 82 Luby's Cafeterias, 57 Fuddruckers, one
Cheeseburger in Paradise restaurants.  Luby's is the franchisor for
103 Fuddruckers franchise locations across the United States
(including Puerto Rico), Canada, Mexico, the Dominican Republic,
Panama, and Colombia.  Luby's Culinary Contract Services provides
food service management to 30 sites consisting of healthcare,
corporate dining locations, and sports stadiums.

Luby's reported a net loss of $33.56 million for the year ended
Aug. 29, 2018, compared to a net loss of $23.26 million for the
year ended Aug. 30, 2017.  As of Dec. 19, 2018, Luby's had $208.89
million in total assets, $100.83 million in total liabilities, and
$108.05 million in total shareholders' equity.

Grant Thornton LLP, in Houston, Texas, issued a "going concern"
qualification in its report on the consolidated financial
statements for the year ended Aug. 29, 2018, noting that the
Company sustained a net loss of approximately $33.6 million and net
cash used in operating activities of approximately $8.5 million.
The Company's term and revolving debt of approximately $39.5
million is due May 1, 2019.  The Company was in default of certain
debt covenants of its term and revolving credit agreements maturing
on May 1, 2019.  On Aug. 24, 2018, the lenders agreed to waive the
existing events of default resulting from any breach of certain
financial covenants or the limitation on maintenance capital
expenditures, in each case that may have occurred during the period
from and including May 9, 2018 until Aug. 24, 2018, and any related
events of default.  Additionally, the lenders agreed to waive the
requirements that the Company comply with certain financial
covenants until Dec. 31, 2018, at which time the Company will be in
default without an additional waiver or alternative financing.
These conditions, along with other matters, raise substantial doubt
about the Company's ability to continue as a going concern.


MASSENGILL INVESTMENTS: Unsecureds to Get 20% in Quarterly Payments
-------------------------------------------------------------------
Massengill Investments LLC filed a Chapter 11 plan and accompanying
disclosure statement.

Class 3 General Unsecured Creditors are impaired. Holders of
Allowed Unsecured Claims not separately classified under the Plan
will receive payments in cash in an amount equal to twenty (20%)
percent of each holder's Allowed Unsecured Claim payable in
quarterly payments beginning the first Business Day of the month
thirty (30) days following the Effective Date.

Class 4 Unsecured Convenience Class is impaired. Class 4 consists
of the unsecured claims held by unsecured creditors that are in an
amount up to $500 and any unsecured claims held by unsecured
creditors that elect on the ballot to reduce their claim to $500 to
be treated as Class 4 claimant instead of treatment as a general
unsecured creditor under Class 3. Holders of Allowed Convenience
Claims shall receive payment in full in Cash on account of each
holder’s Allowed Convenience Claim.

Class 2A Secured claims of Atlantic Capital Bank are impaired.  The
bank has first priority of lien. Atlantic Capital Bank's Allowed
Secured Claims in the amount of $2,062,837, more or less, will be
paid in monthly payments in the amount of $12,500.

Class 2B Secured claim of Strategic Funding Source, Inc. with total
secured claim amount  of $46,536  and second priority of lien is
impaired.  Strategic Funding Source, Inc.'s Claim will be paid as a
Class 3 Claim.

Class 5 Equity interest holders: B. Lynn Massengill, Jr. (24.5%);
Barry L. Massengill, Sr. (1%); Laura Massengill Moore (24.5%);
Massengill Family 2012 Irrevocable Trust (49%) and Pamela
Massengill (1%) will receive no payments under the Plan but will
restore their ownership of the Reorganized Debtor.

Payments and distributions under the Plan will be funded by the
following:

   (a) any and all remaining cash retained by the Reorganized
Debtor after the Effective Date;

   (b) Cash generated from the post-Effective Date operations of
the reorganized Debtor;

   (c) any other contributions or financing (if any) which the
Reorganized Debtor may obtain on or after the Effective Date.

A full-text copy of the Disclosure Statement dated  January 23,
2019, is available at https://tinyurl.com/y7bsuwmv from
PacerMonitor.com at no charge.

                 About Massengill Investments

Massengill Investments LLC, doing business as Premier Tire & Auto
Service, is a privately held company in Cleveland, Tennessee in the
general automotive repair shop business.

Massengill Investments LLC, based in Cleveland, TN, filed a Chapter
11 petition (Bankr. E.D. Tenn. Case No. 18-10733) on Feb. 20, 2018.
The Hon. Shelley D. Rucker presides over the case.  In the
petition signed by Barry L. Massengill, member, the Debtor
estimated $1 million to $10 million in both assets and liabilities.
David J. Fulton, Esq., at Scarborough & Fulton, serves as
bankruptcy counsel to the Debtor.


MIAMI LIMO: March 21 Approval Hearing on Disclosure Statement
-------------------------------------------------------------
Bankruptcy Judge Robert A. Mark is set to hold a hearing on March
21, 2019 at 1:30 p.m to consider approval of Miami Limo Drivers,
Inc.'s disclosure statement referring to its chapter 11 plan.

March 14, 2019 is the deadline for objections to the disclosure
statement.

                    About Miami Limo Drivers

Miami Limo Drivers, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Fla. Case No. 18-11356) on Feb. 5, 2018.  The Debtor
estimated up to $50,000 in assets and $500,000 to $1 million in
debt.  The Debtor hired Advantage Law Group, P.A., as attorney.


MIAMI LIMO: Unsecureds to Get $1,000 Per Quarter for 5 Years
------------------------------------------------------------
Miami Limo Drivers, Inc., filed a Chapter 11 plan and accompanying
disclosure statement.

General unsecured claims are not secured by property of the estate
and are not entitled to priority. Claims in this Class will be paid
$1,000.00 per quarter for a term of 5 years.

Class II consists of the claims of WF which holds a lien on two
vehicles owned and operated by Debtor. One vehicle is a 2017
Lincoln Continental will be paid at the rate of $940.13 plus
applicable sales and use tax until the balance due is paid in full.
The second vehicle is a 2018 Cadillac XTA-L will be paid at the
rate of $1,101.57 per month plus applicable sales and use tax until
the balance due is paid in full.

Class III consists of the claim of Suntrust which holds a lien on a
2016 Chevrolet Suburban owned and operated by Debtor. This claim
will be paid at the rate of $700.00 per month plus applicable sales
and use tax until the balance due is paid in full.

Class V consists of the claim of TCF which holds a lien on a 2015
GM 1405 owned and operated by Debtor. This claim will be paid at
the rate of $2,800.00 per month plus applicable sales and use tax
until the balance due is paid in full.

Payments and distributions under the Plan will be funded by the
Debtor from its general income.

A full-text copy of the Disclosure Statement dated January 23,
2019, is available at https://tinyurl.com/yajp2qa5 from
PacerMonitor.com at no charge.

                    About Miami Limo Drivers

Miami Limo Drivers, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Fla. Case No. 18-11356) on Feb. 5, 2018.  The Debtor
estimated up to $50,000 in assets and $500,000 to $1 million in
debt.  The Debtor hired Advantage Law Group, P.A., as attorney.


MIDATECH PHARMA: Raises GBP4.66 Million From Units Offering
-----------------------------------------------------------
Midatech Pharma has completed the issue of units (each Unit
comprising one New Ordinary Share and one Warrant).

The Company has conditionally raised, in aggregate, approximately
GBP 4.66 million, before expenses, by way of the Placing of
120,966,718 Units (each Unit comprising one Placing Share and one
Warrant) at the Issue Price of 3.85 pence per Unit.

Together with the Subscription, the Company has therefore
conditionally raised gross proceeds of approximately GBP 12.66
million.

Open Offer

In addition, to provide Qualifying Shareholders with an opportunity
to participate in the fundraise at the Issue Price, the Company is
making an Open Offer to all Qualifying Shareholders to raise
additional gross proceeds of up to approximately GBP 0.75 million
for the Company through the offer of up to 19,456,554 Units.  The
Open Offer is being made on the basis of:

  0.318 Open Offer Units (comprising one Open Offer Share and one  
  
     Warrant) for every 1 Existing Ordinary Share held by the    
           Qualifying Shareholder on the Record Date.

Any entitlements to Open Offer Units not subscribed for by
Qualifying Shareholders will be available to Qualifying
Shareholders under the Excess Application Facility.  A timetable in
respect of the Open Offer is set out below.

The Placing and Open Offer follows the Company's announcement on
Jan. 29, 2019 that it has entered into conditional agreements with
a subsidiary of China Medical System Holdings Limited and A&B (HK)
Company Ltd to raise GBP 8 million in aggregate through the issue
of 207,792,206 Units at the Issue Price.  Subject to completion of
the Subscription, the Company has entered into the CMS Licence
Agreement for the development and commercialisation of the Group's
pipeline of products in Greater China and certain countries in
south east Asia.  The Placing and Open Offer Units are priced on
identical terms as the Subscription.

The aggregate net proceeds of the Placing and Subscription of
approximately GBP 11.61 million (after fees and expenses) are
expected to provide the Company with an estimated cash runway
through Q1 2020.  Based on current expectations on trial design,
clinical trial approvals and associated costs, the Directors
believe that this funding would allow the Company to deliver data
read-out on a pivotal MTD201 clinical trial and potentially interim
efficacy data on MTX110's open label study.

The Placing Shares and the Subscription Shares represent
approximately 84.3% per cent. of the issued share capital of the
Company as enlarged by the Placing and Subscription.  The Issue
Price represents a discount of approximately 6.1 per cent. to the
middle market closing price of an Ordinary Share as at 1 February
2019.  The Placing and Subscription has received support from both
existing and new Shareholders.

The Placing and Open Offer is conditional upon, inter alia:

   * the passing of the Resolutions in order to ensure that the
     Directors have the necessary authorities and powers to allot
     the New Ordinary Shares;

   * admission of the New Ordinary Shares to trading on AIM
     becomin effective; and

   * the Placing Agreement between the Company, Stifel and Panmure
     Gordon not having been terminated.

Commenting on the Placing and Open Offer, Craig Cook, CEO of
Midatech Pharma, said: "We would like to thank investors for their
support, which allows us to further advance our innovative
pipeline.  With the combined proceeds of the Capital Raising, we
believe that Midatech is poised for a transformational period of
growth and the funds should enable us to proceed with the Pivotal
MTD201 trial, scheduled to commence around mid 2019, whilst
supporting the US MTX110 Phase I/II trial currently ongoing."

Concert Party holding

As noted in the Placing Launch Announcement, the Subscription is
also conditional on Shareholder approval of the Resolutions.  The
terms of the Subscription give rise to certain considerations under
the Takeover Code as a result of the proposed issue of Subscription
Shares and Subscriber Warrants to the Subscribers. CMS, (including
its subsidiary CMS Venture), A&B (HK) and Mr. Lam Kong together
comprise a concert party (the "Concert Party"). Assuming completion
of the Placing but excluding the Open Offer Shares, upon completion
of the Subscription, the Concert Party would have an aggregate
shareholding in the Company of approximately 53.3 per cent. of the
so enlarged share capital.  The issue of the Warrants to the
Subscribers would mean that, if exercised (and assuming no other
new Ordinary Shares are issued prior to any such exercise and
excluding any shares which may be issued pursuant to the Open
Offer), the Concert Party's aggregate shareholding would increase
to up to 415,584,412 Ordinary Shares, representing up to 69.5 per
cent. of the then further enlarged share capital of the Company.
Accordingly, completion of the Subscription and the CMS Licence
Agreement is also conditional on a waiver of Rule 9 of the Takeover
Code being permitted by the Takeover Panel, which would be subject
to the approval by the Independent Shareholders of a waiver of any
obligation of the Concert Party (or any of its members) to make a
mandatory general offer to the Company's shareholders under Rule 9
of the Takeover Code upon issue of the Subscription Shares arising
from the Subscription and upon exercise of the Subscriber Warrants
granted to the Subscribers ("Panel Waiver").  There is no guarantee
that the Independent Shareholders will approve the Panel Waiver.
If the Panel Waiver is not approved, neither the Subscription, the
CMS Licence Agreement, the Placing or the Open Offer will proceed
and, as noted in the Placing Launch Announcement, it is unlikely
that the Company will be able to continue as a going concern.

Subject to the Panel Waiver being approved and completion of the
Placing and Subscription, on Admission, the Concert Party will hold
more than 50 per cent. of the Company's voting share capital. In
these circumstances, for so long as the members of the Concert
Party continue to be treated as acting in concert, the Concert
Party may increase its aggregate interest in the Ordinary Shares
without incurring any obligation under Rule 9 of the Takeover Code
to make a general offer, although individual members of the Concert
Party will not be able to increase their percentage interests in
Ordinary Shares through or between a relevant Rule 9 threshold
without the consent of the Takeover Panel.

The Company intends to publish a circular setting out full details
of the Panel Waiver, further information on the Concert Party, and
the terms and conditions of the Open Offer together with
application forms for the Open Offer and notice of the General
Meeting to be held on Feb. 25, 2019 on or around Feb. 5, 2019.  The
Circular will also be available at this time on the Company's
website at www.midatechpharma.com.

Subject to all conditions being met, application will be made to
the London Stock Exchange for Admission.  Subject to, amongst other
things, the Resolutions being passed by the requisite majorities at
the General Meeting, it is expected that settlement of any such
shares and Warrants and Admission will become effective on or
around Feb. 26, 2019 and that dealings in the Placing Shares will
commence at that time.

A further announcement will be made regarding the outcome of the
Open Offer and the new total number of voting rights in Midatech
(subject to Admission) on or around the Feb. 25, 2019.

Related party transaction

Woodford Investment Management Ltd, in its capacity as
discretionary investment manager, acting as agent on behalf of
Woodford Patient Capital Trust and the LF Woodford Equity Income
Fund, a sub fund of LF Woodford Investment Fund has subscribed for
Placing Shares at the Issue Price of 3.85 pence.  As at Feb. 1,
2019 (being the latest practicable date prior to the publication of
this announcement) and, subject to and immediately following
Admission, the interest of Woodford Investment Group in the issued
share capital of the Company is as follows:

   Name: Woodford Investment Management

   Number of
   Existing Ordinary Shares: 12,247,629

   Percentage of   
   existing issued
   share capital: 20.0%

   Number of
   Placing Shares
   subscribed for: 65,740,585

   Number of
   Ordinary Shares
   held on
   Admission: 77,988,214

   Percentage of
   Enlarged Share
    Capital on
    Admission: 20.0%

The participation by Woodford in the Placing constitutes a related
party transaction for the purposes of the AIM Rules.  The
independent Directors for the purpose of the Placing, having
consulted with the Company's nominated adviser, Panmure Gordon,
consider that the terms of the related party transaction are fair
and reasonable insofar as the Shareholders are concerned.

Open Offer Expected Timetable of Principal Events

Record Date for the Open Offer        6.00 p.m. on 4 February 2019

Ex-entitlement Date                   5 February 2019

Publication of the Circular
and the Application Form
and Form of Proxy                     on or around 5 February 2019

Open Offer Entitlements and
Excess CREST Open Offer
Entitlements credited to stock
accounts of Qualifying CREST
Shareholders in CREST                 8.00 a.m. on 6 February 2019

Recommended last time and
date for requesting withdrawal of
Open Offer Entitlements from CREST    4.30 p.m. on 18 February
                                      2019

Latest time and date for
depositing Open Offer
Entitlements into CREST               3.00 p.m. on 19 February
                                      2019

Latest time and date for
splitting Application Forms
(to satisfy bona fide market
claims only)                         3.00 p.m. on 20 February 2019

Latest time and date for
receipt of Forms of Proxy
and CREST voting instructions
to be valid at the General Meeting   9.00 a.m. on 23 February 2019

Latest date for receipt of
completed Application Forms and
payment in full under the
Open Offer or settlement of
relevant CREST instructions         11.00 a.m. on 22 February 2019

General Meeting                      9.00 a.m. on 25 February 2019

Announcement of result of
the General Meeting
and Open Offer                      25 February 2019

Admission effective and
dealings expected to commence
in the New Ordinary Shares on AIM  8.00 a.m. on 26 February 2019

New Ordinary Shares credited to
CREST stock accounts               8.00 a.m. on 26 February 2019

Expected date by which
certificates in respect
of New Ordinary Shares are to
be despatched to certificated
Shareholders (as applicable).    On or prior to w/c 4 March 2019

Expected date by which
certificates in respect of
the Warrants are to be
despatched to Shareholders.      On or prior to w/c 4 March 2019
  
If any of the details contained in the timetable above should
change, the revised times and dates will be notified by means of an
announcement through a Regulatory Information Service.

All references are to London time unless stated otherwise.

Dealing codes for the open offer

ISIN of the Ordinary Shares: GB00BRTL9B63

The ISIN of the Open Offer Entitlements: GB00BF559Q37

The ISIN of the Excess Open Offer Entitlements: GB00BF559R44

ISIN of the Warrants: GB00BF55CP34

                   About Midatech Pharma

Midatech Pharma PLC -- http://www.midatechpharma.com/-- is an
international specialty pharmaceutical company focused on the
research and development of a pipeline of medicines for oncology
and immunotherapy.  The Company is developing a range of improved
chemo-therapeutics or new immuno-therapeutics, using its three
proprietary platform drug delivery technologies, all of which are
in the clinic.  Midatech is headquartered in Oxfordshire, with an
R&D facility in Cardiff and a manufacturing operation in Bilbao,
Spain.

The report from the Company's independent accounting firm BDO LLP,
in Reading, United Kingdom, the Company's auditor since 2014, on
the consolidated financial statements for the year ended Dec. 31,
2017, includes an explanatory paragraph stating that the Company
has suffered recurring losses from operations and has an
accumulated deficit that raise substantial doubt about its ability
to continue as a going concern.

Midatech reported a loss before tax of GBP17.32 million in 2017
following a loss before tax of GBP29.32 million in 2016.  As of
Dec. 31, 2017, Midatech had GBP$49.22 million in total assets,
GBP14.54 million in total liabilities and GBP34.67 million in total
equity.


PG&E CORP: Canadian Solar Has Potential Exposure to Bankruptcy
--------------------------------------------------------------
Canadian Solar Inc., one of the world's largest solar power
companies, on Feb. 6, 2019, disclosed that it plans to report its
financial results for the fourth quarter and full year 2018 on
Thursday, March 21, 2019.  Management will host a conference call
to discuss these results and its business outlook for the first
quarter and full year 2019.

The Company now expects its shipments for the fourth quarter of
2018 to be in the range of 1.90 GW to 1.95 GW, compared to the
previous guidance of 1.67 GW to 1.72 GW; its net revenue for the
fourth quarter of 2018 to be in range of $850 million to $900
million, compared to the previous guidance of $690 million to $800
million; and its gross margin for the fourth quarter of 2018 to be
in the range of 27% to 28% compared to the previous guidance of 24%
to 26%.

The Company has been closely monitoring the bankruptcy filing of
Pacific Gas and Electric Company ("PG&E").  Potential outcomes are
dependent upon a variety of factors, including future decisions of
PG&E, the bankruptcy court, the investment community, and other
stakeholders.  Consequently, the Company can only provide a
preliminary assessment of its potential exposure.

The Company does not have material exposure with respect to
previously sold projects.   It does, however, have potential
exposure with respect to 60 MWac of power purchase agreements with
PG&E for a portion of the Gaskell West 2 project, which is planned
to reach commercial operation in 2020.  These power purchase
agreements were executed in late 2017 at very competitive prices.
Further, the Company has potential exposure with respect to
interconnection agreements with PG&E including an early to
mid-stage development project and the late-stage Slate project,
which together total approximately 700 MWac.  Based on current
information, the planned commercial operation dates have not been
impacted for any projects in the Company's pipeline.  The Company
will provide a further update, as possible, in its fourth quarter
and full year 2018 earnings conference call.

                    About Canadian Solar Inc.

Canadian Solar -- http://www.canadiansolar.com-- was founded in
2001 in Canada and is one of the world's largest and foremost solar
power companies.  It is a leading manufacturer of solar
photovoltaic modules and provider of solar energy solutions and has
a geographically diversified pipeline of utility-scale power
projects in various stages of development.  Over the past 17 years,
Canadian Solar has successfully delivered over 30 GW of premium
quality modules to customers in over 150 countries around the
world. Canadian Solar is one of the most bankable companies in the
solar industry, having been publicly listed on NASDAQ since 2006.

                    About PG&E Corporation

PG&E Corporation (NYSE: PCG) -- http://www.pgecorp.com/-- is a
Fortune 200 energy-based holding company, headquartered in San
Francisco.  It is the parent company of Pacific Gas and Electric
Company, an energy company that serves 16 million Californians
across a 70,000-square-mile service area in Northern and Central
California.

As of Sept. 30, 2018, the Debtors, on a consolidated basis, had
reported $71.4 billion in assets on a book value basis and $51.7
billion in liabilities on a book value basis.

PG&E Corp. and Pacific Gas employ approximately 24,000 regular
employees, approximately 20 of whom are employed by PG&E Corp.  Of
Pacific Gas' regular employees, approximately 15,000 are covered by
collective bargaining agreements with local chapters of three labor
unions: (i) the International Brotherhood of Electrical Workers;
(ii) the Engineers and Scientists of California; and (iii) the
Service Employees International Union.

On Jan. 29, 2019, PG&E Corp. and its primary operating subsidiary,
Pacific Gas and Electric Company, filed voluntary Chapter 11
petitions (Bankr. N.D. Cal. Lead Case No. 19-30088).

PG&E Corporation and its regulated utility subsidiary, Pacific Gas
and Electric Company, said they are facing extraordinary challenges
relating to a series of catastrophic wildfires that occurred in
Northern California in 2017 and 2018.  The utility said it faces an
estimated $30 billion in potential liability damages from
California's deadliest wildfires of 2017 and 2018.

Weil, Gotshal & Manges LLP and Cravath, Swaine & Moore LLP are
serving as PG&E's legal counsel, Lazard is serving as its
investment banker and AlixPartners, LLP is serving as the
restructuring advisor to PG&E.  Prime Clerk LLC is the claims and
noticing agent.

In order to help support the Company through the reorganization
process, PG&E has appointed James A. Mesterharm, a managing
director at AlixPartners, LLP, and an authorized representative of
AP Services, LLC, to serve as Chief Restructuring Officer.  In
addition, PG&E appointed John Boken also a Managing Director at
AlixPartners and an authorized representative of APS, to serve as
Deputy Chief Restructuring Officer.  Mr. Mesterharm, Mr. Boken and
their colleagues at AlixPartners will continue to assist PG&E with
the reorganization process and related activities.


PLAYERS NETWORK: Accumulated Deficit Casts Going Concern Doubt
--------------------------------------------------------------
Players Network filed its quarterly report on Form 10-Q, disclosing
a net loss of $3,785,120 on $20,102 of net revenues for the three
months ended June 30, 2018, compared to a net loss of $2,900,149 on
$2,979 of net revenues for the same period in 2017.

At June 30, 2018 the Company had total assets of $4,977,204, total
liabilities of $12,383,427, and $7,406,223 in total stockholders'
deficit.

Mark Bradley, the Company's Chief Executive Officer, states that
the Company has incurred recurring losses from operations resulting
in an accumulated deficit of $43,886,398, and as of June 30, 2018,
the Company's current liabilities exceeded its current assets by
$8,376,117. These factors raise substantial doubt about the
Company’s ability to continue as a going concern.

A copy of the Form 10-Q is available at:

                       https://is.gd/HXxyHl

Players Network focuses on the cultivation and processing of
medical and recreational marijuana in North Las Vegas.  The
Company, through its subsidiary Green Leaf Farms Holdings, LLC, has
Nevada state-issued medical and recreational cultivation and
production licenses.  It also distributes content relating to the
cannabis industry at WeedTV.com.  The Company was founded in 1993
and is headquartered in Las Vegas, Nevada.


PRIME GLOBAL: ShineWing Australia Raises Going Concern Doubt
------------------------------------------------------------
Prime Global Capital Group Inc. filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K, disclosing a
net loss of $553,962 on $1,529,586 of net revenues for the year
ended Oct. 31, 2018, compared to a net loss of $960,069 on
$1,265,521 of net revenues for the year ended in 2017.

The audit report of ShineWing Australia states that the Company
reported a net loss of $553,962, net current assets deficiency with
its current liabilities exceeded its current assets by $1,291,599,
accumulated deficit of $4,277,137 as of October 31, 2018 from
recurring net losses and significant short term debt maturing in
less than one year.  All these factors raise substantial doubt
about its ability to continue as a going concern.

The Company's balance sheet at Oct. 31, 2018, showed total assets
of $44,972,744, total liabilities of $17,927,183, and a total
stockholders' equity of $27,293,393.

A copy of the Form 10-K is available at:

                       https://is.gd/N0diku

Prime Global Capital Group Incorporated, through its subsidiaries,
is engaged in the operation of a durian plantation, leasing and
development of the operation of an oil palm plantation, commercial
and residential real estate properties in Malaysia.


PROCESS AMERICA: Plan Confirmation Hearing Set for March 13
-----------------------------------------------------------
Bankruptcy Judge Maureen A. Tighe approved Process America, Inc.'s
disclosure statement describing its chapter 11 liquidating plan
dated Dec. 11, 2018.

The hearing to consider confirmation of the Debtor's chapter 11
liquidating plan is set for March 13, 2019, at 11:00 a.m.

The deadline for parties in interest to file an objection to the
Plan and to submit their ballots for voting to accept or reject the
Plan is Feb. 27, 2019.

                   About Process America

Based in Canoga Park, California, Process America, Inc., filed a
voluntary petition under Chapter 11 of the title 11 of the US
Bankruptcy Code (Bankr. C.D. Cal. Case no. 12-19998) on Nov. 12,
2012.  Ron Bender, Esq. at LEVENE, NEALE, BENDER, YOO & BRILL LLP,
represents the Debtor.  Judge Maureen Tighe presides over the case.
At the time of filing, the Debtor estimated $1 million to $10
million in assets and $10,000,001 to $50,000,000 in liabilities.


PROTEA BIOSCIENCES: Laidlaw Objects to Disclosure Statement
-----------------------------------------------------------
Laidlaw & Company (UK) Ltd. and PPLL Partners LLC object to the
approval of the Disclosure Statement explaining Protea Biosciences
Inc.'s Chapter 11 plan of reorganization.

The creditors point out that the Disclosure Statement provides
that, after the payment of Administrative Expense Claims and other
senior classes of claims, the "remaining Assets" will be
distributed "50/50" between each Debtor. The creditors further
point out this "50/50" distribution scheme fails to account for the
fact that there are two separate debtors with two separate estates
and two separate sets of creditors with claims filed against each
Debtor.

The creditors complain that while the Disclosure Statement provides
that the "Debtors' Board of Directors: will appoint a Shareholder
representative to sit on the Liquidating Trust's Board, no
information is provided regarding the members of each Debtor's
Board (including who they are), not only as of the Petition Date,
but also on the Effective Date.

The creditors assert that the estimated value of $1,300,000.00 that
is stated in the Disclosure Statement reflects the value of the
AzurRx Stock as of the date it was sold to AzurRx Biopharma, Inc.
According to the creditors, the Disclosure Statement fails to
explain that the Debtors will not realize the full proceeds of the
AzurRx Stock sale until at least July 1, 2019, when 1/6 can be
liquidated.

The creditors complain that the Disclosure Statement is devoid of
any information including the identity of such parties, the nature
of any potential causes of action, and the risk the Debtors and the
Liquidating Trustee will incur by filing speculative claims or
claims that are not covered by available insurance. The creditors
point out there is no assessment of how likely it is that any
insurer will accept the defense of any lawsuit or how likely it is
that the Debtors will prevail.
  
According to the creditors, the Disclosure Statement does not
include any information regarding the identity of secured
claimants, the amount of each secured claim, what assets stand as
collateral to each secured claims, what investigation the Debtors
did to determine that each secured claim was properly perfected and
not subject to avoidance, whether there were defenses to the claim
that the Debtors did not pursue, whether each secured claim was
paid, and, if so, which sale proceeds were used to pay each claim.

With respect to unsecured claims against the Debtors, the creditors
assert that the Disclosure Statement states that the amount due to
unsecured creditors will be affected by objections to claims yet
the Disclosure Statement is devoid of any indication of how the
Debtors calculated the total dollar amounts of claims listed in the
Debtors’ schedules and those filed as proofs of claim.

Counsel for Laidlaw & Company (UK) Ltd. and PPLL Partners LLC:

     Beverly Weiss Manne, Esq.
     Judith K. Fitzgerald, Esq.
     Danielle L. Dietrich, Esq.
     Christopher W. Cahillane, Esq.
     TUCKER ARENSBERG, P.C.
     1500 One PPG Place
     Pittsburgh, PA 15222
     Phone: 412-566-1212
     Email: bmanne@tuckerlaw.com
            jfitzgerald@tuckerlaw.com
            ddietrich@tuckerlaw.com
            ccahillane@tuckerlaw.com

        -- and --

     Terry D. Reed, Esq.
     HYMES AND COONTS
     23 West Main Street
     Buckhannon, WV 26201
     Phone: (304) 472-1615
     Email: treed@hymesandcoonts.com

        -- and --

     Ralph E. Preite, Esq.
     SICHENZIA ROSS FERENCE LLP
     1185 Avenue of the Americas, 37th floor
     New York, NY 10036
     (212) 930-9700 x 621
     Email: rpreite@srf.law

                About Protea Biosciences

Headquartered in Morgantown, West Virginia, Protea Biosciences Inc.
-- https://www.proteabio.com/ -- is a bioanalytics technology
company that provides analytical and diagnostic solutions for the
rapid and direct identification, mapping and display of the
molecules present in living cells and biological samples.

Protea Biosciences, Inc., and its affiliate Protea Biosciences
Group, Inc., sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. W.Va. Case Nos. 17-01200 and 17-01201) on Dec. 1,
2017.

At the time of the filing, Protea Biosciences disclosed $5.16
million in assets and $13.64 million in liabilities.  Protea
Biosciences Group disclosed $2.7 million in assets and $18.2
million in liabilities.

Judge Patrick M. Flatley presides over the case.  

The Debtors hired Buchanan Ingersoll & Rooney PC as their legal
counsel; and Compass Advisory Partners, LLC, as their restructuring
advisor.

The U.S. Trustee for Region 7 appointed an official committee of
unsecured creditors in the Debtors' cases.  Leech Tishman Fuscaldo
& Lampl, LLC, is the Committee's legal counsel and Johnson Law,
PLLC, is its local counsel.


PROTEA BIOSCIENCES: S. Turner Objects to Disclosure Statement
-------------------------------------------------------------
Stephen C. Turner objects to the approval of the Disclosure
Statement explaining Protea Biosciences Inc.'s Chapter 11 plan of
reorganization.

The creditor complains that in Section V of the Disclosure
Statement entitled the Debtors merely state that as of November 30,
2018, there is "very little cash on hand" and that there are
approximately $600,000 of administrative claims. The creditor
points out that there is no estimate of the amount of the
administrative claims that will need to be paid in order to confirm
the Plan under Section 1129 (a) (9) of the Bankruptcy Code, and no
way for the creditors to determine if the estate will be
administratively insolvent, and therefore whether the Plan is even
confirmable.

The creditor further points out while the Disclosure Statement
states that the Court approved the sale of the AzuRx Agreement and
certain litigation claims for $1,658,000 on November 27, 2018,
there is insufficient disclosure of the contingent nature of the
consideration paid for the AzuRx Agreement. According to the
creditor, while on page 10 of the Disclosure Statement, the Debtors
indicate that $1,300,000 of the $1,658,000 of the sale price is not
cash, but is restricted stock that can only be sold in increments
starting in July of 2019, there is no analysis of the value of the
restricted stock, or any explanation of the nature of the
restrictions on selling the stock.  The creditor asserts that
absent this information, creditors and equity holders cannot make a
reasonable determination as to how much, if any, of the $1,300,000
of contingent consideration will be realized by the estates.

According to the creditor, in Section V, subsection D of the
Disclosure Statement entitled "The Debtor's financial Condition,
Plan Funding and Potential Litigation Claims," the Debtors suggest
that the primary source of recovery for the creditors and holders
of equity interests is the alleged "strong" litigation claims
against Mr. Turner.  The creditor complains while the Debtors
attach Exhibit A to the Disclosure Statement, which is a draft
complaint containing allegations against Mr. Turner, the Debtors
fail to disclose that Mr. Turner disputes a large number of the
allegations, and believes that the draft complaint is replete with
factual errors and omissions.

The creditor points out that the Debtors conclusory statements
about the potential insurance coverage are misleading and possibly
inaccurate. The creditor further points out, there is no
explanation as to how or why the Debtors concluded there is
$10,000,000 in coverage, and it is not clear to Mr. Turner that
this is correct. More importantly, the creditor complains that the
Debtors fail to disclose that on October 10, 2018, prior to the
filing of the Disclosure Statement, the primary insurance carrier
denied any defense or indemnity obligation under its policy in
connection with the prospective lawsuits.

Attorneys for Stephen C. Turner:

     Martin P. Sheehan, Esq.
     SHEEHAN & ASSOCIATES, PLLC
     41 Fifteenth Street
     Wheeling WV 26003
     (304) 232-1064

        -- and --

     Patricia B. Jefferson, Esq.
     MILES & STOCKBRIDGE P.C.
     100 Light Street
     Baltimore, Maryland 21202
     Phone: (410) 727-6464
     Fax: (410) 385-3700
     Email: pjefferson@milesstockbridge.com

                About Protea Biosciences

Headquartered in Morgantown, West Virginia, Protea Biosciences Inc.
-- https://www.proteabio.com/ -- is a bioanalytics technology
company that provides analytical and diagnostic solutions for the
rapid and direct identification, mapping and display of the
molecules present in living cells and biological samples.

Protea Biosciences, Inc., and its affiliate Protea Biosciences
Group, Inc., sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. W.Va. Case Nos. 17-01200 and 17-01201) on Dec. 1,
2017.

At the time of the filing, Protea Biosciences disclosed $5.16
million in assets and $13.64 million in liabilities.  Protea
Biosciences Group disclosed $2.7 million in assets and $18.2
million in liabilities.

Judge Patrick M. Flatley presides over the case.  

The Debtors hired Buchanan Ingersoll & Rooney PC as their legal
counsel; and Compass Advisory Partners, LLC, as their restructuring
advisor.

The U.S. Trustee for Region 7 appointed an official committee of
unsecured creditors in the Debtors' cases.  Leech Tishman Fuscaldo
& Lampl, LLC, is the Committee's legal counsel and Johnson Law,
PLLC, is its local counsel.


PYRAMID QUALITY: March 18 Plan Confirmation Hearing
---------------------------------------------------
The disclosure statement of Pyramid Quality Solutions and
Innovations, Inc., is granted preliminary approval.

The hearing on objections to final approval of the adequacy of the
information in the disclosure statement and confirmation of the
plan shall be held on March 18, 2019, at 11:00 a.m. before the
Honorable Mark A. Randon, United States Bankruptcy Judge, in
Courtroom 1825, 211 West Fort Street, Detroit, Michigan 48226.

The deadline to return ballots on the plan, as well as to file
objections to final approval of the adequacy of the information in
the disclosure statement and objections to confirmation of the plan
is March 11, 2019.

                  About Pyramid Quality Solutions
                          & Innovations

Pyramid Quality Solutions and Innovations, Inc., filed a Chapter 11
bankruptcy petition (Bankr. E.D. Mich. Case No. 18-52932) on Sept.
21, 2018, estimating less than $1 million in assets and
liabilities.  The Debtor tapped Edward J. Gudeman, Esq., at Gudeman
& Associates, P.C., as its legal counsel.


QUADRIGA FINTECH: To Restructure Under CCAA Protection
------------------------------------------------------
Quadriga Fintech Solutions Corp., Whiteside Capital Corporation and
0984750 B.C. Ltd. dba Quadriga CX and Quadriga Coin Exchange were
subject to an application to the Supreme Court of Nova Scotia
pursuant to the Companies' Creditors Arrangement Act.

The Court made an order on Feb. 5, 2019, granting various relief
including, among other things, imposing a stay of proceedings in
favour of the Companies while the CCAA proceedings are ongoing.
The Initial Order appointed Ernst & Young Inc. as monitor of the
Companies.

According to Court Documents, Quadriga's cash management system did
not have a centralized corporate bank account, but instead used
third party processors, through whose accounts corporate funds were
transferred to satisfy operational costs as well as transfers to
and from customers.  The lack of a centralized cash management
system contributed to uncertainty and lack of control over the
Companies' cash and ability to access funds.

Due to this issue, Quadriga has been facing significant liquidity
issues over the last year.  The proposed monitor understands that a
significant issue arose when CIBC froze a significant amount of
Quadriga's funds held in an account of a third party processor, in
January 2018.  The affected funds totalled approximately $25.7
million.  Without access to the affected funds, Quadriga was unable
to satisfy withdraw requests of users resulting in significant
delays for users receiving funds from Quadriga.

The initial order and other documents in respect to the CCAA
proceedings may be accessed from the Monitor's website at
http://www.ey.com/ca/quadriga. If you are unable to access the
website or have further inquiries, you may contact the Monitor at:

         Ernst & Young Inc.
         Monitor of Quadriga
         RBC Waterside Centre
         1871 Hollis Street, Suite 500
         Halifax, Nova Scotia B3J 0C3
         Tel: 855-870-2285
         Fax: 902 420 0503
         E-mail: quadriga.monitor@ca.ey.com

Counsel for the proposed monitor:

         Stikeman Elliot LLP
         Barristers & Solicitors
         5300 Commerce Court West
         199 Bay Street
         Toronto, Canada M5L 1B9

         Elizabeth Pillon
         Tel: (416) 869-5623
         E-mail: lpillon@stikeman.com

         Lee Nicholson
         Tel: (416) 869-5604
         Fax: (416) 947-0866
         E-mail: leenicholson@stikeman.com

Counsel for the Companies:

        Stewart McKelvey
        Suite 900, Purdy's Wharf Tower One
        1959 Upper Water St.
        P.O. Box 997
        Halifax, NS B3J 2X2

        Maurice P. Chiasson
        Tel: 902-420-3300
        E-mail: mchiasson@stewartmckelvey.com

        Sara Scott
        Tel: 902-420-3363
        E-mail: sscott@stewartmckelvey.com

        Richard Niedermayer
        Tel: 902-420-3339
        E-mail: rneidermayer@stewartmckelvey.com

Lead Counsel for the Companies:

        Bennet Jones LLP
        3400 One First Canadian Place
        PO Box 130
        Toronto, ON M5X 1A4
        Jim Patterson
        Raj Sahni
        Danish Afroz
        Tel: (416) 863-1200
        Fax: (416) 863-1716
        E-mail: pattersonj@bennettjones.com
                sahnir@bennettjones.com
                afrozd@bennettjones.com

Local counsel for the Companies:

        McInnes Cooper
        1969 Upper Water St., Suite 1300
        Purdy's Wharf Tower II
        Halifax, NS B3J 3R7

        Ben Durnford
        Tel: (902) 444-8454
        E-mail: ben.durnford@mcinnescooper.com
   
        John Stringer
        Tel: (902) 444-8608
        E-mail: john.stringer@mcinnescooper.com

Quadriga Fintech Solutions Corp. -- http://www.quadrigafs.com/--
owns and operates QuadrigaCX, which was Canada's largest
cryptocurrency exchange.


QUALITY CONSTRUCTION: To Sell Real Estate to Wein Air for $3.5MM
----------------------------------------------------------------
Quality Construction & Production, LLC, Quality Production
Management, LLC, Traco Production Services, Inc. , and Quality
Acquisition Company, LLC, submitted a first amended disclosure
statement to disclose that their real estate will be purchased for
$3,500,000 by Wein Air LA, LLC.

The Class 1 claim of MSBCH will receive a payment on the Effective
Date of $3,500,000 with the balance of the Class 1 claim being paid
over a five year period.  The Class 1 claim is impaired. The Claim
of MSBCH shall be paid in monthly payments calculated based upon
the following:

   1. A payment of $3,500,000.00 on the Effective Date of the Plan
incident to the sale of the Real Estate to Wein Air LA, LLC free
and clear of liens and claims;

   2. A principal amount equal to the lesser of $6,980,000.00 or
the value of the collateral (less and except for the Real Estate)
that secures the MidSouth Bank Claim less adequate protection
payments received between the Petition Date and the Effective
Date.

The Class 6 claim of MSBCH will either be paid on the same basis as
the Class 7 creditors or will be converted as partial consideration
for equity depending on whether any MSBCRP acquire the MidSouth
Bank Claim.

The amount of the Class 6 deficiency claim will be the total amount
of the MidSouth Bank Claim less $10,480,000.00, the amount of the
secured claim set forth in Class 1. The holder of the Allowed Class
6 Claim will be paid in the same manner as the Class 7 creditors
and will receive the same percentage of their Class 6 claim as the
Class 7 creditors. If, however, any MSBCRP are determined to be the
holder of the MidSouth Bank Claim, one quarter of the payments due
the Class 6 creditor will be paid to the Class 7 creditors and the
balance will be contributed to the Debtors by such MSBCRP as
partial consideration in exchange for its equity interest in the
Debtors.

Class 2 -- Secured claim of Pedestal Bank are impaired.  Pedestal
Bank has a claim against the Debtors in the amount of $1,578,311.45
which is secured by a first priority security interest in various
vehicles, heavy equipment and welding equipment owned by the
Debtors. This claim will be treated as fully secured. This secured
claim will be amortized over ten (10) years with interest at the
Plan Rate. The first payment will become due on the first day of
the month that is at least 30 days after the Effective Date.

Class 3 -- Secured claim of Ford Motor Credit is impaired. Ford has
secured claims against the Debtors in the total amount of
$126,713.72, including $57,649.92 for QCP and $69,063.80 for Traco.
These claims are secured by mortgages on various Ford vehicles
owned by the Debtors. These claims will be treated as fully
secured. These secured claims will be amortized over five (5) years
with interest at the Plan Rate. The first payment will become due
on the first day of the month that is at least 30 days after the
Effective Date.

Class 4 -- Secured claim of Fidelity Bank is impaired. Fidelity has
filed a secured claim against the Debtors in the total amount of
$60,748.67. This claim is secured by a mortgage on QCP's 2017 GMC
Yukon. This claim will be treated as fully secured. This secured
claim will be amortized over five (5) years with interest at the
Plan Rate. The first payment will become due on the first day of
the month that is at least 30 days after the Effective Date.

Class 5 -- Secured claim of Ally is impaired. Ally has filed a
secured claim against the Debtors in the total amount of
$10,682.92. This claim is secured by mortgages on 2012 Ford E350
van and 2014 Ford F150 pickup truck. This claim will be treated as
fully secured. This secured claim will be amortized over five (5)
years with interest at the Plan Rate. The first payment will become
due on the first day of the month that is at least 30 days after
the Effective Date.

Unsecured creditors will be paid a pro-rata portion of
$1,000,000.00 over five (5) years plus any additional consideration
set forth in this Plan.  Specifically, Class 7 - Unsecured Claims
are impaired. The Claims in this Class include those of the general
unsecured creditors (except the holder of the Class 6 Claim)
holding Allowed Unsecured Claims, without priority. All allowed
unsecured claims will be paid a pro-rata portion of quarterly
payments until a total of $1,000,000.00 has been paid. The
quarterly payments will be in the amount of $50,000.00 per quarter
for twenty (20) quarters. The first quarterly payment will be due
the first day of the quarter that is at least 30 days after the
Effective Date. Subsequent payments will be made on the first day
of each quarter thereafter. The payments will be completed in five
years. If any disputed claim is allowed and not paid by insurance
proceeds, then that creditor will receive a pro rata share of the
monthly payments and the payments on all other allowed claims will
be reduced accordingly.

Class 8 -- Claims of member interests are impaired. The Debtors'
members, Troy Collins and Nathan Granger, will obtain a total of
25% ownership interests in the Debtors by contributing new value in
the total sum of $250,000.00 to the Debtors. On the Effective Date,
$125,000.00 shall be contributed, and, on the first anniversary of
the Effective Date, an additional $125,000.00 shall be contributed.
The Exit Funding Entity will obtain a 75% interest for contributing
the Exit Funding.

The Exit Funding Entity will acquire the equity interests in the
Debtors equal to 75% of the Reorganized Debtor for contributing the
Exit Funding, and, for making the capital contribution contained in
this Plan, Nathan Granger and Troy Collins will own the other 25%.

The Debtors will also continue to manage their own affairs post
confirmation. Nathan Granger and Troy Collins will continue to
oversee the day to day operations of the Reorganized Debtor and
will continued to be compensated with the same salary and benefits
approved during this Chapter 11 case.

A full-text copy of the First Amended Disclosure Statement dated
January 23, 2019, is available at:

         http://bankrupt.com/misc/lawb19-1850303-450.pdf

            About Quality Construction & Production

Quality Construction & Production, LLC, and its subsidiaries
operate a group of oilfield service companies in the areas of
onshore and offshore fabrication, installation, and production
operations in Youngsville, Louisiana, and together employ
approximately 850 people.  The Company's onshore fabrication
services include spool piping, production modules, manifolds, deck
extensions, and riser guards and clamps.  QCP's offshore services
include hook-ups, facilities maintenance/upgrades, compressor
installations and field welding.  Quality Construction was founded
by Nathan Granger and Troy Collins in 2001.

Quality Construction & Production, LLC, and three affiliates sought
Chapter 11 protection (Bankr. W.D. La. Lead Case No. 18-50303) on
March 16, 2018.  In the petition signed by Nathan Granger,
president, Quality Construction estimated $10 million to $50
million in assets and debt.

The Hon. Robert Summerhays is the case judge.

The Debtors tapped Weinstein & St. Germain, LLC, as their
bankruptcy counsel; Elmore Consulting, LLC, as financial
consultant; and Donlin, Recano & Company as claims and noticing
agent.

The Office of the U.S. Trustee for Region 5 appointed an official
committee of unsecured creditors on April 23, 2018.  The Committee
hired H. Kent Aguillard as counsel.


QUOTIENT LIMITED: Incurs $26.3 Million Net Loss in Third Quarter
----------------------------------------------------------------
Quotient Limited has filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $26.25 million on $6.72 million of total revenue for the quarter
ended Dec. 31, 2018, compared to a net loss of $20.31 million on
$5.85 million of total revenue for the same period last year.

For the nine months ended Dec. 31, 2018, the Company reported a net
loss of $78.79 million on $20.85 million of total revenue compared
to a net loss of $62.24 million on $18.59 million of total revenue
for the nine months ended Dec. 31, 2017.

As of Dec. 31, 2018, the Company had $190.76 million in total
assets, $166.11 million in total liabilities, and $24.65 million in
total shareholders' equity.

               Liquidity and Capital Resources

Since the Company's commencement of operations in 2007, it has
incurred net losses and negative cash flows from operations.  As of
Dec. 31, 2018, the Company had an accumulated deficit of $354.4
million.  During the nine month period ended Dec. 31, 2018, the
Company incurred a net loss of $78.8 million and used $61.5 million
of cash in operating activities.  As described under results of
operations, the Company's use of cash during the nine month period
ended Dec. 31, 2018 was primarily attributable to its investment in
the development of MosaiQ and corporate costs, including costs
related to being a public company.

From the Company's incorporation in 2012 to March 31, 2018, it has
raised $110.8 million of gross proceeds through the private
placement of its ordinary and preference shares and warrants,
$181.1 million of gross proceeds from public offerings of its
shares and issuances of ordinary shares upon exercise of warrants
and $84.0 million of gross proceeds from the issuance of the
Secured Notes.

On June 29, 2018, the Company issued an additional $36.0 million
aggregate principal amount of the Secured Notes.  The Company
previously issued $84.0 million aggregate principal amount of the
Secured Notes on Oct. 14, 2016.  On June 29, 2018, the Company paid
$2.2 million of the net proceeds of the issuance of the additional
Secured Notes into the cash reserve account maintained with the
collateral agent under the terms of the indenture governing the
Secured Notes, which together with the $5.0 million paid into the
cash reserve account on October 14, 2016, brought the total in the
cash reserve account to $7.2 million at Dec. 31, 2018.

In the period between March 31, 2018 and July 31, 2018, 8,414,683
warrants that were previously issued in connection with the
Company's October 2017 private placement of ordinary shares were
exercised for 8,414,683 ordinary shares at $5.80 per share, which
generated $48.8 million of proceeds.

On Aug. 3, 2018, the Company entered into two subscription
agreements with Franz Walt, its chief executive officer, and with
Heino von Prondzynski, its chairman, pursuant to which the Company
issued a combined total of 55,000 ordinary shares at a price of
$7.54 per share for aggregate proceeds of $0.4 million.

On Dec. 11, 2018, the Company completed a public offering of
10,615,385 newly issued ordinary shares at a price of $6.50 per
share which raised $69 million of gross proceeds before
underwriting discounts and other offering expenses.
On Dec. 18, 2018, the Company completed certain amendments to the
indenture governing the Secured Notes.  These amendments included a
six-month extension of the final maturity of the Secured Notes to
April 2024 and a revision of the Secured Notes' principal
amortization (previously scheduled to commence semi-annually
beginning April 2019) to commence April 2021, in order to better
align the maturity and amortization schedule with the Company's
financial goals.  The revised amortization schedule defers
approximately $39.6 million of principal amortization previously
scheduled to occur between April 2019 and April 2021.  In addition,
the amendments include a one-year extension of the optional
redemption call schedule to October 2022.  In consideration for the
consents to the amendments, the Company paid to the noteholders a
one-time consent payment of $3.9 million and we issued additional
royalty rights to the noteholders, which increased in the aggregate
the amount of the royalties payable under the royalty rights that
were previously issued by the Company in connection with the prior
issuances of the Secured Notes by 1%, from 2% to 3%, of the
aggregate net sales of MosaiQ instruments and consumables in
specified markets.

The amendments also included an increase to the aggregate principal
amount of Secured Notes that can be issued under the indenture from
$120.0 million to up to $145.0 million following the European CE
Marking of the Company's initial MosaiQ IH Microarray.  On Jan. 15,
2019, the Company entered into purchase agreements pursuant to
which the Company agreed to issue and certain purchasers agreed to
purchase the additional $25 million of the Secured Notes, subject
to the European CE Marking of the Company's initial MosaiQ IH
Microarray occurring on or before April 30, 2019 and certain other
customary closing conditions.
As of Dec. 31, 2018, the Company had available cash, cash
equivalents and short-term investments of $107.7 million and $7.5
million of restricted cash held as part of the arrangements
relating to its Secured Notes and the lease of its property in
Eysins, Switzerland.

         Operating and Capital Expenditure Requirements

The Company has not achieved profitability on an annual basis since
it commenced operations in 2007 and it expects to incur net losses
for at least the next fiscal year.  As the Company moves towards
the commercial launch of MosaiQ, it expects its operating expenses
during the year ended March 31, 2019 to continue at similar or
slightly increased levels to those of the year ended March 31,
2018, as it continues to invest in growing its customer base,
expanding its marketing and distribution channels, hiring
additional employees and investing in other product development
opportunities while its development expenditures on MosaiQ
decrease.

As of Dec. 31, 2018, the Company had available cash, cash
equivalents and short-term investments of $107.7 million and $7.5
million of restricted cash held as part of the arrangements
relating to its Secured Notes and the lease of its property in
Eysins, Switzerland.

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

                    https://is.gd/T9F8nD

                   About Quotient Limited

Penicuik, United Kingdom-based Quotient Limited is a
commercial-stage diagnostics company committed to reducing
healthcare costs and improving patient care through the provision
of innovative tests within established markets.  With an initial
focus on blood grouping and serological disease screening, Quotient
is developing its proprietary MosaiQTM technology platform to offer
a breadth of tests that is unmatched by existing commercially
available transfusion diagnostic instrument platforms.  The
Company's operations are based in Edinburgh, Scotland; Eysins,
Switzerland and Newtown, Pennsylvania.

Quotient reported a net loss of $82.33 million for the year ended
March 31, 2018, compared to a net loss of $85.06 million for the
year ended March 31, 2017.

The report from the Company's independent accounting firm Ernst &
Young LLP, in Belfast, United Kingdom, the Company's auditor since
2007, on the consolidated financial statements for the year ended
March 31, 2018, contains a "going concern" explanatory paragraph.
The auditor stated that the Company has recurring losses from
operations and planned expenditure exceeding available funding, and
has stated that substantial doubt exists about the Company's
ability to continue as a going concern.


RONALD AND GRACE: March 21 Plan Confirmation Hearing
----------------------------------------------------
The Modified Disclosure Statement of Ronald and Grace Faillace,
LLC, dated Jan. 21, 2019 is approved.

March 21, 2019 at 10:00 AM is fixed as the date and time for the
hearing on confirmation of the plan.

Written acceptances, rejections or objections to the plan referred
to above will be filed with the attorney for the plan proponent not
less than seven (7) days before the hearing on confirmation of the
plan.

              About Ronald and Grace Faillace LLC

Ronald and Grace Faillace owns in fee simple a real property
located 713 Old Shore Road, Forked River, New Jersey, currently
valued at $407,727; and a separate real property located at 715 Old
Shore Road, Forked River, New Jersey, with a current valuation of
$1.17 million.

Ronald and Grace Faillace sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 18-16649) on April 3,
2018.  In the petition signed by Ronald Faillace, limited partner,
the Debtor disclosed $1.61 million in assets and $912,660 in
liabilities.  Judge Michael B. Kaplan presides over the case.  The
Debtor hired Daniel E. Straffi, Esq., at Straffi & Straff, LLC as
its legal counsel.


SLOOP PROPERTIES: Online Bidding for Assets Ends Feb. 12
--------------------------------------------------------
The buildings currently occupied by a bank branch, a post office,
an auto repair shop and other businesses will be sold in an
upcoming online auction.  The buildings on 3.53 acres are being
marketed by Iron Horse Auction.

The property is selling by order of the trustee for the U.S.
Bankruptcy Court, Western District of North Carolina.  Online
bidding will open at http://www.ironhorseauction.com/at 8:00 a.m.
Tuesday, Feb. 5, 2019, and continue until noon Tuesday, Feb. 12.

"This a remarkable auction in that it includes a diverse group of
income-producing properties," said Will Lilly, who is managing the
auction for Iron Horse.  "The bank branch, the post office and the
auto repair shop are all stand-alone buildings that are currently
occupied and generating income.  The shopping center has a pawn
shop, a thrift store, a coffee shop and a pharmacy, occupying all
but one of the spaces," he said.

Financial details and lease information will be provided to
prospective bidders by request.

The property is located at The Crossroads in Millers Creek, North
Carolina.  Auction personnel will be available at 2958 NC-16,
Millers Creek, NC 28651, from 10:00 a.m. to 2 p.m. Tuesday,
Feb. 5, and from 10:00 a.m. to noon Tuesday, Feb. 12, to
accommodate inspections and provide detailed information.

The inspection center will also serve as a Bid Center where auction
personnel will be available to provide detailed information and
assist bidders with the bid process beginning at 10 a.m. Tuesday,
Feb. 12 and continuing until the close of the auction.

"The buyer will have several options. One is to simply enjoy the
income off the property, which has been historically stable.
Another possibility is to subdivide one or more of the buildings
and sell them individually.  Finally, there could be potential for
building something entirely new or expanding the shopping center,"
said Lilly.

Individuals seeking additional information may visit
ironhorseauction.com or call 910-997-2248.

                     About Sloop Properties

Based in Wilkesboro, North Carolina, Sloop Properties, LLC, is a
real estate company with its principal assets located at 5307 Boone
Trail Millers Creek, NC 28651.  It is a small business debtor as
defined in 11 U.S.C. Section 101(51D).

Sloop Properties filed a Chapter 11 bankruptcy petition (Bankr.
W.D.N.C. Case No. 17-50728) on Dec. 5, 2017.  The petition was
signed by Lisa R. Sloop, member/manager.  At the time of filing,
the Debtor estimated $1 million to $10 million in assets and
$500,000 to $1 million in liabilities.  The case is assigned to
Laura T. Beyer.  The Debtor is represented by Robert P. Laney,
Esq., at McElwee Firm, LLC, as bankruptcy counsel.


T.C.'S GRILL: Feb. 28 Plan and Disclosure Statement Hearing
-----------------------------------------------------------
Bankruptcy Judge Suzanne H. Bauknight conditionally approved T.C.'s
Grill, Inc.'s disclosure statement, dated Jan. 17, 2019, in support
of its plan of reorganization.

Feb. 21, 2019, is fixed as the last day for filing and serving
written objections to the Disclosure Statement, and the last day
for filing written acceptances or rejections of the Plan of
Reorganization.

Feb. 28, 2019, at 10:00 a.m., in Bankruptcy Courtroom 1-C, First
Floor, Howard H. Baker, Jr. United States Courthouse, Knoxville,
Tennessee, is fixed for the hearing on final approval of the
Disclosure Statement (if any written objection has been timely
filed), and the hearing on confirmation of the Plan of
Reorganization.

                   About T.C.'s Grill, Inc.

T.C.'s Grill, Inc., filed a Chapter 11 petition (Bankr. E.D. Tenn.
Case No. 18-32229) on July 21, 2018.  In the petition signed by
Steven A. Nelson, president, the Debtor estimated less than $50,000
in assets and $100,000 to $500,000 in liabilities.  The Debtor is
represented by T.C.'s Grill, Inc., Esq., of Scott Law Group, PC.


TEXAS COMM: Case Summary & Unsecured Creditor
---------------------------------------------
Debtor: Texas Comm. Company LLC
        12104 South Pipeline Road, Suite 100
        Euless, TX 76040

Business Description: Texas Comm. is a telecommunications
                      construction company headquartered in
                      Euless, Texas.
    
Chapter 11 Petition Date: February 6, 2019

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

Case No.: 19-40571

Judge: Hon. Mark X. Mullin

Debtor's Counsel: Joyce W. Lindauer, Esq.
                  JOYCE W. LINDAUER ATTORNEY, PLLC
                  12720 Hillcrest Road, Suite 625
                  Dallas, TX 75230
                  Tel: (972) 503-4033
                  Fax: (972) 503-4034
                  E-mail: joyce@joycelindauer.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Steven W. Robinson, member.

The Debtor lists Iron Peak Pecan, LLC as its sole unsecured
creditor holding a claim of $66,470.

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

           http://bankrupt.com/misc/txnb19-40571.pdf


VANGUARD NATURAL: Receives Noncompliance Notice from OTC Markets
----------------------------------------------------------------
Vanguard Natural Resources, Inc. received a notice from the OTC
Markets Group Inc., dated Feb. 1, 2019, notifying the Company that
its warrants, ticker: "VNRRW", no longer met the standards for
continued qualification for the OTCQX U.S. tier per the OTCQX Rules
for U.S. Companies section 3.2.b, which states, in essence, that
the Warrants must have a minimum closing bid price of $0.10 per
Warrant at least once in every thirty consecutive calendar days.
In light of the foregoing, the Company has a cure period until July
27, 2019, to regain compliance therewith by maintaining a $0.10
closing bid price for ten consecutive trading days during such cure
period.  If the Company is unable to cure the deficiency within
such time period, the Company will have the option to move the
Warrants down from the OTCQX tier of the OTC Markets to the OTCQB
tier of the OTC Markets or to the OTC Pink.

                    About Vanguard Natural

Vanguard Natural Resources, Inc. -- http://www.vnrenergy.com/-- is
an independent exploration and production company focused on the
production and development of oil and natural gas properties in the
United States.  Vanguard's assets consist primarily of producing
and non-producing oil and natural gas reserves located in the Green
River Basin in Wyoming, the Piceance Basin in Colorado, the Permian
Basin in West Texas and New Mexico, the Arkoma Basin in Oklahoma,
the Gulf Coast Basin in Texas, Louisiana and Alabama, the Big Horn
Basin in Wyoming and Montana, the Anadarko Basin in Oklahoma and
North Texas, the Wind River Basin in Wyoming and the Powder River
Basin in Wyoming.  More information on Vanguard can be found at
www.vnrenergy.com.

"At September 30, 2018, we were in compliance with all of our debt
covenants.  Given, in part, the current environment for commodity
prices and basis differentials, we updated our internal projections
to take such updates into account, and, as a result of these
updated projections, we now expect that we may not be in compliance
with our ratio of consolidated first lien debt to EBITDA covenant
as defined within the Second Amendment to the Successor Credit
Facility in certain future periods, beginning with the December
2018 reporting period.  In light of these updates, we have taken a
number of steps to mitigate a potential default, including (i)
discussions with certain banks in our Successor Credit Facility to
amend our ratio of consolidated first lien debt to EBITDA covenant,
(ii) continue to pursue efforts to divest certain oil and natural
gas properties to use proceeds to reduce first lien leverage and
(iii) investigating refinancing alternatives.  To the extent we
breach the consolidated first lien debt to EBITDA covenant as
defined within the Second Amendment to the Successor Credit
Facility, we would be in default and the lenders would be able to
accelerate the maturity of that indebtedness (which could result in
an acceleration of our Senior Notes due 2024) and exercise other
rights and remedies, all of which could adversely affect our
operations and our ability to satisfy our obligations as they come
due.  These conditions raise substantial doubt about our ability to
continue as a going concern within one year after the date that
these financial statements are issued.  While no assurances can be
made that we will be able to consummate such mitigation plans, we
believe the combination of the long-term global outlook for
commodity prices and our mitigation efforts will be viewed
positively by our lenders," the Company stated in its Quarterly
Report for the period ended Sept. 30, 2018.

On Dec. 6, 2018, Vanguard Natural entered into the Third Amendment
to the Fourth Amended and Restated Credit Agreement, dated as of
Aug. 1, 2017, among the Company, Vanguard Natural Gas, LLC,
Citibank N.A., as Administrative Agent and the lenders.  The Third
Amendment makes certain modifications to the Credit Agreement to
allow the Company additional flexibility to pursue and consummate
sales of certain of its oil and natural gas properties.

As of Sept. 30, 2018, Vanguard Natural had $1.50 billion in total
assets, $1.23 billion in total liabilities, and $274.3 million in
total stockholders' equity attributable to common stockholders.


WORLD SYSTEMS: Case Summary & 3 Unsecured Creditors
---------------------------------------------------
Debtor: World Systems, Inc.
        24007 Ventura Blvd. Suite 200
        Calabasas, CA 91302

Business Description: World Systems, Inc. is a privately held
                      company in Calabasas, California that is
                      engaged in activities related to real
                      estate.

Chapter 11 Petition Date: February 6, 2019

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Case No.: 19-10282

Judge: Hon. Martin R. Barash

Debtor's Counsel: Lewis R. Landau, Esq.
                  LEWIS R. LANDAU, ATTORNEY AT LAW
                  22287 Mulholland Hwy., # 318
                  Calabasas, CA 91302
                  Tel: 888-822-4340
                  Fax: 888-822-4340
                  E-mail: Lew@Landaunet.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Iris Martin, president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's three unsecured creditors is available for
free at:

            http://bankrupt.com/misc/cacb19-10282.pdf


[*] BRG Bags Healthcare/Life Sciences Deal of the Year Award
------------------------------------------------------------
The M&A Advisor on Jan. 28, 2019, announced BRG as winner of the
Healthcare/Life Sciences Deal of the Year (Under $500 million) in
its 13th Annual Turnaround Awards.  BRG Managing Directors Haywood
Miller and Peter Chadwick led a team in the sale of Orexigen
Therapeutics, Inc.

"Since 2002, we have been honoring the leading turnaround
transactions, companies and dealmakers.  BRG was chosen from over
275 participating companies to receive the award.  It gives us a
great pleasure to recognize BRG and bestow upon it our highest
honor for distressed investing and reorganization firms and
professionals," said Roger Aguinaldo, founder of The M&A Advisor.
"BRG represents the best of the distressed investing and
reorganization industry in 2018 and earned these honors by standing
out in a group of very impressive candidates."

"The Orexigen case was another opportunity for us to take advantage
of the wealth of healthcare talent at BRG.  BRG's Healthcare
Analytics and Private Equity Finance Advisory teams allowed us to
broaden the potential pool of acquirers, ultimately resulting in a
robust sale process," said Mr. Chadwick.

BRG's Corporate Finance group provides multidisciplinary services,
including transaction opinions, transaction advisory services and
restructuring, to companies, fiduciaries, lenders, attorneys, funds
and other investors.  BRG professionals' leading-edge insights as
advisors, crisis managers and corporate officers in middle-market
to multinational restructurings across a diverse number of
industries let them quickly present practical alternatives, design
strategies that help maximize value and recommend the most viable
approaches.  The Corporate Finance team's broad scope of
restructuring and bankruptcy services spans areas that include
financial analysis, plan development and implementation, and advice
on sale/merger transactions.

BRG provides pre-transaction, transaction and post-transaction
valuation advisory services, including diligence, fairness and
solvency opinions, alternative investment portfolio valuations and
post-transaction disputes.

                     About The M&A Advisor

Now in its 20th year, The M&A Advisor -- http://www.maadvisor.com/
-- was founded to offer insights and intelligence on mergers and
acquisitions, establishing the industry's leading media outlet in
1998.  Today, the firm is recognized as the world's premier
leadership organization for mergers & acquisition, restructuring
and corporate finance professionals, delivering a range of
integrated services.

                          About BRG

Berkeley Research Group, LLC (BRG) -- http://www.thinkbrg.com/--
is a global consulting firm that helps leading organizations
advance in three key areas: disputes and investigations, corporate
finance, and strategy and operations.  Headquartered in California
with offices around the world, BRG is an integrated group of
experts, industry leaders, academics, data scientists, and
professionals working beyond borders and disciplines.


                            *********

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 2019.  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.

                   *** End of Transmission ***