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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, March 19, 2019, Vol. 23, No. 77

                            Headlines

10 HOMESTEAD: U.S. Trustee Objects to Disclosure Statement
5BARZ INTERNATIONAL: Marcum LLP Raises Going Concern Doubt
AAC HOLDINGS: S&P Downgrades ICR to 'CCC', Outlook Negative
AIRXPANDERS INC: SingerLewak LLP Raises Going Concern Doubt
ALAMO TOWERS: $13.7M Sale of Property to Windmill Approved

ALIMERA SCIENCES: Grant Thornton LLP Raises Going Concern Doubt
APELLIS PHARMACEUTICALS: Ernst & Young Raises Going Concern Doubt
ARALEZ PHARMACEUTICALS: Discloses New Info on Deficiency Claims
ATLANTA LIFE: A.M. Best Lowers LT Issuer Credit Rating to b-
AUTORAMA ENTERPRISES: Has Until July 26 to Exclusively File Plan

BIOSCRIP INC: ASSF IV Has 5.6% Stake as of March 14
CADIZ INC: BlackRock Has 6.8% Stake as of Dec. 31
CLOUD PEAK: S&P Lowers ICR to 'SD' on Missed Interest Payment
COASTLINE ELECTRICAL: Seeks Authorization to Use Cash Collateral
CTI FOODS: Prepackaged Plan Proposes Full Payment to Unsecureds

EASTERN TIMBER: U.S. Trustee Unable to Appoint Committee
EQUITRANS MIDSTREAM: Fitch Affirms BB IDR & Alters Outlook to Neg.
EVERI PAYMENTS: S&P Alters Outlook to Positive, Affirms 'B' ICR
F+W MEDIA: Taps Epiq Corporate as Claims Agent
FLAMBEAUX GAS: Must File Amended Plan and Disclosures by April 8

GARDEN OAKS: Committee Plan Expects $400K-$500K Available Cash
GENOCEA BIOSCIENCES: Ernst & Young LLP Raises Going Concern Doubt
GOLDEN TOUCH: Unsecureds to Get $200 Per Month for 60 Months
GRAN TIERRA ENERGY: Fitch Affirms 'B' IDRs & Alters Outlook to Pos.
GRAND VIEW FINANCIAL: $660K Sale of Ventura Real Property Withdrawn

GREEN NATION: Trustee Taps Grobstein Teeple as Accountant
GT REALTY: Unsecureds to Get 89% Distribution Under Proposed Plan
GULFSTREAM DIAGNOSTICS: $128K Sale of Two Agilents Approved
GUTTER CAP: Lease Agreement with Phillips for Duval Property Okayed
HIGHLAND SALONS: Seeks Access to Compass Bank Cash Collateral

HOVNANIAN ENTERPRISES: BlackRock Holds 7% of Class A Shares
HUT AIRPORT LIMOUSINE: April 3 Final Cash Collateral Hearing
IMERYS TALC: Hires Prime Clerk as Administrative Advisor
IMPERIAL METALS: S&P Lowers ICR to 'SD' on Bond Maturity Extension
INNOVAK INTERNATIONAL: $10K Sale of Cadillac ATS to Remington OK'd

INNOVAK INTERNATIONAL: $5K Private Sale of Assets to Watson Okayed
INTELLIPHARMACEUTICS: Needs Capital to Remain as Going Concern
ISMAIL ARSLANGIRAY: Plan Admin's $1.1M Sale of Dupont Property OK'd
JACK DEPONT: $180K Sale of Shady Side Property to Irving Approved
KHRL GROUP: Judge Sets March 21 Final Cash Collateral Hearing

KING FARMS: U.S. Trustee Unable to Appoint Committee
KPH CONSTRUCTION: Seeks Final Approval to Use Cash Collateral
LANDING AT BRAINTREE: TOB Files Limited Objection to Disclosures
LANDING AT BRAINTREE: U.S. Trustee Objects to Disclosure Statement
LBU FRANCHISES: Taps Leslie Taylor as Accountant

LE DIETRICH: Proposed March 23 Auction of Personal Property Okayed
LINEAGE LOGISTICS: S&P Alters Outlook to Stable on Preferred Deal
LUBY'S INC: Bandera Master Has 8.2% Stake as of Feb. 1
MACQUARIE INFRASTRUCTURE: S&P Cuts ICR to BB+ on Weak Performance
MAGNUM CONSTRUCTION: U.S. Trustee Forms 3-Member Committee

MAIREC PRECIOUS: 366 Processing Appointed as New Committee Member
MANNKIND CORP: Deloitte & Touche LLP Raises Going Concern Doubt
MESOBLAST LIMITED: M&G Investment Reports 13.67% Stake
MESOBLAST LIMITED: Reports Financial Results for Qtr. Ended Dec. 31
MONGE PROPERTY: $730K Sale of Los Angeles Property Approved

MUNCHERY INC: Seeks Approval of Cash Collateral Stipulation
NAROLLAH GASHTILI: $720K Sale of Westlake Condo Units 203 & 207 OKd
NEON PARENT: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
NEW TRINITY COAL: U.S. Trustee Forms 5-Member Committee
NOVUM PHARMA: April 24 Auction of All Assets Set

OPTICAL HOLDINGS: April 15 Auction of All OHI Assets Set
OUTLOOK THERAPEUTICS: BioLexis Pte. Has 80.1% Stake as of Feb. 1
PARIS MANAGEMENT: U.S. Trustee Unable to Appoint Committee
PENOBSCOT VALLEY HOSPITAL: Seeks to Hire Kelly as Special Counsel
PETVET CARE: S&P Rates Incremental Senior Secured Term Loan 'B'

PHI INC: Fitch Cuts Issuer Default Rating to 'D' Amid Bankr. Filing
PHI INC: S&P Lowers ICR to 'D' After Chapter 11 Bankruptcy Filing
PRECIPIO INC: Registers 42.86 Million Shares for Possible Resale
QUALITY CONSTRUCTION: ESNA Increases Unsecureds' Recovery to 14-22%
REPUBLIC METALS: Sale of Remaining Assets Approved

RIVARD COMPANIES: May Continue Using Cash Collateral Until Aug. 30
ROGER STEINBECK: $907K Sale of Valley Village Property Approved
SCOTTSBURG HOSPITALITY: Plan Not Feasible, Hilton Complains
SENIOR CARE: May Use KeyBank Cash Collateral on Final Basis
SHELLEY GRAY: $65K Sale of New Windsor Property to Gallagher Okayed

SS&C TECHNOLOGIES: S&P Assigns 'B+' Rating on New Sr. Unsec. Notes
SS&C TECHNOLOGIES: S&P Raises Secured Term Loan B Rating to 'BB+'
ST. JOHN PENTECOSTAL: Allowed to Use AJ Partners Cash Collateral
SUNIVA INC: Plan Confirmation Hearing Scheduled for April 9
SUPERIOR INDUSTRIES: S&P Alters Outlook to Neg., Affirms 'B' ICR

SUZI'S SKIN & NAIL: Seeks Access to Wells Fargo Cash Collateral
SYNERGY PHARMACEUTICALS: D&O Not Released Parties Under Plan
TAG MOBILE: Trustee Taps Rosen Systems as Auctioneer
THURSTON MANUFACTURING: May Use Cash Collateral Until May 31
TOTAL FINANCE: Seeks to Hire Sidley Austin as Attorney

TOWN STAR: $2.9M Sale of All Assets to GPM Investments Approved
VBI VACCINES: EisnerAmper LLP Raises Going Concern Doubt
VIASAT INC: Fitch Assigns First-Time 'B+' IDR, Outlook Stable
VTV THERAPEUTICS: Ernst & Young LLP Raises Going Concern Doubt
WARNER MUSIC: S&P Hikes ICR to BB- on Strong Operating Performance

WEATHERLY OIL: U.S. Trustee Forms 3-Member Committee
WJA ASSET: Can Effectuate Distributions & Dissolve CA Express
Z GALLERIE: Taps Stretto as Claims Agent
Z-1 MANAGEMENT: $280K Sale of Two Memphis Lots to Tabor Denied
ZOMEDICA PHARMACEUTICALS: MNP LLP Raises Going Concern Doubt

[^] Large Companies with Insolvent Balance Sheet

                            *********

10 HOMESTEAD: U.S. Trustee Objects to Disclosure Statement
----------------------------------------------------------
William K. Harrington, United States Trustee for Region 1,
complains that the revised disclosure statement submitted by 10
Homestead Avenue, LLC, fails to provide adequate and meaningful
information concerning the proposed plan of reorganization.

The Trustee point out that the Class Two (allowed general unsecured
claims) should include any claim listed on the Debtor's Schedule
E/F that is not scheduled as contingent, unliquidated, or disputed.
The Trustee further points out that the Disclosure Statement
should also identify the assets available to liquidate and/or fund
distributions, including any causes of action or assets that are
not subject to liens.

The Trustee notes that although the Debtor proposes to make
payments from the sale of its real estate, there is no information
regarding the listing prices, timeframe for the sales, the
mechanism by which the sale proceeds will be distributed, or the
alternatives in the event that some or all of the contemplated
sales are unsuccessful.

The Trustee asserts that any unpaid post-petition obligations are
likely to have an adverse effect upon the feasibility of the Plan
and should therefore be disclosed.

According to the Trustee, the Disclosure Statement should clearly
define any conditions precedent to substantial consummation and
provide that the Debtor shall move promptly for entry of the final
decree once those conditions are met.

Further, the Trustee says the Debtor should also correct any
typographical errors in the Plan and Disclosure Statement.

                About 10 Homestead Avenue

10 Homestead Avenue's principal assets are located at 10 Homestead
Avenue Quincy, MA 02169. Landing at Braintree's principal assets
are located at Units 125-139B, Commercial Street Braintree, MA
02184.

10 Homestead Avenue, LLC, and its affiliate Landing at Braintree,
LLC, filed voluntary petitions seeking relief under Chapter 11 of
the Bankruptcy Code (Bankr. D. Mass. Case no. 18-14158 and Bankr.
D. Mass. Case No. 18-14159, respectively) on Nov. 6, 2018.  In the
petitions signed by William T. Barry, manager, the Debtors
estimated $1 million to $10 million in assets and liabilities.

Judge Frank J. Bailey oversees Case No. 18-14158 while the Hon.
Christopher J. Panos presides over Case No. 18-14159.

The Ann Brennan Law Offices serves as the Debtors' counsel.  The
Law Office of Lipman & White, is the special counsel.


5BARZ INTERNATIONAL: Marcum LLP Raises Going Concern Doubt
----------------------------------------------------------
5BARz International Inc. filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K, disclosing a
total comprehensive loss of $3,940,256 on $2,329 of sales for the
year ended Dec. 31, 2017, compared to a total comprehensive loss of
$4,613,934 on $71,374 of sales for the year ended in 2016.

The audit report of Marcum LLP states that the Company has a
significant working capital deficiency, has incurred significant
losses and needs to raise additional funds to meet its obligations
and sustain its operations.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.

The Company's balance sheet at Dec. 31, 2017, showed total assets
of $3,520,219, total liabilities of $10,921,161, and a total
stockholders' deficit of $7,400,942.

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

                       https://bit.ly/2SZERFK

5BARz International Inc. designs, manufactures, and sells a line of
cellular network infrastructure devices for use in the office,
home, and mobile market places in India, Latin America, the United
States, and Western Europe.  The Company's 5BARz brand products
strengthen weak cellular signals to deliver high quality signals
for voice, data, and video reception on cell phones and other
cellular equipped devices.  It offers 5BARz Road Warrior, a plug
and play device designed for users on the go; and 5BARz Network
Extender that provides increased voice experience and data
throughput covering an area of some 4,000 square feet used in the
home or office.  The Company was formerly known as Bio-Stuff Inc.
and changed its name to 5Barz International, Inc. in December 2010.
5BARz International, Inc. was founded in 2008 and is headquartered
in San Diego, California.



AAC HOLDINGS: S&P Downgrades ICR to 'CCC', Outlook Negative
-----------------------------------------------------------
S&P Global Ratings on March 15 announced that it lowered the issuer
credit rating on AAC Holdings Inc. to 'CCC' from 'B-' and said the
outlook is negative.

S&P also lowered the issue-level rating on the 2017 senior credit
facility to 'CCC' from 'B-'. The recovery rating is '3', indicating
S&P's expectation for meaningful (50%-70%; rounded estimate: 60%)
recovery in the event of a payment default.

AAC has taken out a $30 million term loan (2019 senior credit
facility) maturing in one year on March 31, 2020, and amended terms
on its existing credit facility (2017 senior credit facility), with
significantly higher interest rates. The new 2019 senior credit
facility is senior to the 2017 senior credit facility in the
capital structure.

According to S&P, the downgrade reflects escalated risk of a
default and risk that AAC's liquidity will not be sufficient over
the next 12 months, primarily due to the $30 million term loan
maturing in about one year. The $30 million new term loan provides
temporary liquidity and covenant relief in the very near term;
however, it carries a very high rate of interest (LIBOR+11%). In
S&P's opinion, AAC will have to monetize its real estate assets to
repay this $30 million new term loan on March 31, 2020, and fund
its operations in 2019. There is significant uncertainty about the
timing and magnitude of sale-leaseback transactions. Given its
expectation of cash flow deficits this year, S&P believes there are
risks that proceeds from a potential sale leaseback may not be
sufficient to cover operating needs and repay the term loan. In
addition, the solvency of AAC also heavily depends on the execution
of the cost-saving initiatives ($30 million annualized savings).
S&P also believes it could take time to improve census, given the
dual headwinds of the unfavorable Google search algorithm change as
well as lower sales productivity with a recent change in its call
center staff compensation structure.

The negative outlook reflects the potential for a downgrade if the
company restructures its debt or defaults over the next 12 months,
according to S&P.


AIRXPANDERS INC: SingerLewak LLP Raises Going Concern Doubt
-----------------------------------------------------------
AirXpanders, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K, disclosing a net loss of
$26,721,000 on $7,817,000 of total revenues for the year ended Dec.
31, 2018, compared to a net loss of $28,983,000 on $3,906,000 of
total revenues for the year ended in 2017.

The audit report of SingerLewak LLP states that the Company has
incurred net losses and cash flow deficits from operations since
its inception and has an accumulated deficit of $122.0 million at
December 31, 2018.  This raises substantial doubt about the
Company's ability to continue as a going concern.

The Company's balance sheet at Dec. 31, 2018, showed total assets
of $24,004,000, total liabilities of $19,478,000, and a total
stockholders' equity of $4,526,000.

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

                       https://bit.ly/2UzmlFR

AirXpanders, Inc., designs, manufactures, sales, and distributes
medical devices in the Australia, the United States, and Europe.
The Company's product, AeroForm Tissue Expander System, is a
needle-free, patient-controlled tissue expander used for patients
undergoing two-stage breast reconstruction following mastectomy
prior to the insertion of a breast implant.  AirXpanders, Inc. was
founded in 2005 and is based in San Jose, California.



ALAMO TOWERS: $13.7M Sale of Property to Windmill Approved
----------------------------------------------------------
Judge Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas authorized Alamo Towers-Cotter, LLC's
sale of the real property located at 901 and 909 N.E. Loop 410, San
Antonio, Texas, commonly known as the "Alamo Towers," together with
all structures, buildings, improvements and fixtures affixed or
attached thereto and all easements and rights appurtenant thereto;
all leases, personal property; all contracts, and permits, to
Windmill Investments, LLC for $13.7 million.

All terms of the Agreement are approved.

The sale is free and clear of all Liens, Claims and other interests
of any kind or nature whatsoever.  The Liens (including mechanics,
materialmen and subcontractor Liens) and rights to receive payment
of trust funds, Claims and other interests will attach to the
proceeds of the Sale.

At Closing, the Title Company will be and is hereby authorized and
directed to pay the full amount of taxes or assessments due and
owing to the following governmental entities, pro-rated to the date
of closing:  
      a. Bexar County - The ad valorem taxes for year 2019
pertaining to the subject Property (included both real and personal
property tax accounts) will be prorated in accordance with the
Agreement, and will become the responsibility of the Buyer.  The
year 2019 ad valorem tax lien will be retained against the subject
Property (both real and personal) until said taxes are paid in
full.

      b. The Sale the Brokerage commission and reimbursement of
marketing expenses of Cushman & Wakefield and all other closing
costs attributable to the Seller under the Agreement.

      c. The sum of $120,000 to the United States Trustee at the
following address, which sum will be applied to the Debtor's
quarterly U.S. Trustee's fees: U.S. Trustee Payment Center, P.O.
Box 530202, Atlanta, GA 30353-0202, Re: Alamo Towers – Cotter,
LLC, Acct. No. 425-17-52599.

The Title Company will hold the net sales proceeds, after payment
of the foregoing parties and closing costs, until further order of
the Court.

After the Closing has occurred, a certified copy of the Order may
be filed with the appropriate clerk and/or recorded with the
recorder to act to cancel any liens and other encumbrances of
record.

The Order will take effect immediately and will not be stayed
pursuant to Bankruptcy Rules 6004(h), 6006(d), 7062, 9014, Federal
Rule of Civil Procedure 62(a) or otherwise.  The Debtor and the
Buyer are authorized to close the Sale immediately upon entry of
the Order.

                 About Alamo Towers - Cotter

Alamo Towers - Cotter, LLC, owns an eight-story low-rise building
in San Antonio, Texas.  Located in the heart of the north central
office market, Alamo Towers is centrally accessible to all key
activities in the city.  The 198,452 sq. ft. facility features easy
access to San Antonio's major highways, panoramic views and ample
parking space.  

Alamo Towers - Cotter filed a Chapter 11 petition (Bankr. W.D. Tex.
Case No. 17-52599) on Nov. 6, 2017.  In the petition signed by
Marcus P. Rogers, as Ind. Adm. Of the Est. of James F. Cotter,
Dec'd, the Debtor estimated assets and liabilities at $10 million
to $50 million each.

The case is assigned to Judge Craig A. Gargotta.

The Debtor is represented by Anthony H. Hervol, Esq., of the Law
Office of Anthony H. Hervol.  

No trustee or examiner has been appointed in the Debtor's Chapter
11 case.

Employ Cushman & Wakefield was appointed by the Court as real
estate broker on April 5, 2018.



ALIMERA SCIENCES: Grant Thornton LLP Raises Going Concern Doubt
---------------------------------------------------------------
Alimera Sciences, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K, disclosing a net loss of
$16,382,000 on $46,970,000 of net revenue for the year ended Dec.
31, 2018, compared to a net loss of $22,001,000 on $35,912,000 of
net revenue for the year ended in 2017.

The audit report of Grant Thornton LLP states that the Company has
incurred recurring losses, negative cash flows from operations, and
has an accumulated deficit of $377,127,000 as of December 31, 2018.
These conditions, along with the other matters, raise substantial
doubt about the Company’s ability to continue as a going
concern.

The Company's balance sheet at Dec. 31, 2018, showed total assets
of $54,108,000, total liabilities of $51,386,000, and a total
stockholders' equity of $2,722,000.

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

                       https://bit.ly/2O2smIo

Alimera Sciences, Inc., is an Alpharetta, Georgia-based
pharmaceutical company that specializes in the research,
development and commercialization of prescription ophthalmic
pharmaceuticals.  The company is focused on diseases affecting the
back of the eye, or retina.


APELLIS PHARMACEUTICALS: Ernst & Young Raises Going Concern Doubt
-----------------------------------------------------------------
Apellis Pharmaceuticals, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K, disclosing a
comprehensive loss (net of tax) of $127,625,001 on $0 of revenue
for the year ended Dec. 31, 2018, compared to a comprehensive loss
(net of tax) of $51,006,094 on $0 of revenue for the year ended in
2017.

The audit report of Ernst & Young LLP states that the Company has
recurring losses from operations and has stated that substantial
doubt exists about the Company’s ability to continue as a going
concern.

The Company states, "As of December 31, 2018, we had cash and cash
equivalents of $176.3 million.  We believe that our cash and cash
equivalents will be sufficient to enable us to fund our current
operations at least into December 2019.  Beyond that point, we will
need to raise additional capital to finance our operations, which
cannot be assured.  We have concluded that this circumstance raises
substantial doubt about our ability to continue as a going concern
within one year after the issuance date of the financial statements
included in this Annual Report on Form 10-K."

The Company's balance sheet at Dec. 31, 2018, showed total assets
of $203,533,559, total liabilities of $42,560,904, and a total
stockholders' equity of $160,972,655.

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

                       https://bit.ly/2HjEAfe

Apellis Pharmaceuticals, Inc., a clinical-stage biopharmaceutical
company, focuses on the development of novel therapeutic compounds
for autoimmune and inflammatory diseases.  Its lead product
candidate is APL-2 to treat geographic atrophy, wet age-related
macular degeneration, paroxysmal nocturnal hemoglobinuria,
autoimmune hemolytic anemia, and nephrology.  The Company develops
APL-2 for intravitreal injection that is an injection into the eye,
as well as subcutaneous injection, which is an injection into the
tissue under the skin.  It also develops APL-9 for intravenous
administration in systemic indications, which is in single
ascending dose Phase I clinical trial.  The Company has a
development agreement with Enable Injections, Inc. to develop
wearable devices for subcutaneous delivery of high-volume
therapeutics.  Apellis Pharmaceuticals, Inc. was founded in 2009
and is headquartered in Crestwood, Kentucky.


ARALEZ PHARMACEUTICALS: Discloses New Info on Deficiency Claims
---------------------------------------------------------------
Aralez Pharmaceuticals US Inc. and its debtor affiliates filed a
disclosure statement for its first amended joint liquidating plan
dated March 8, 2019.

This latest filing adds new information regarding Prepetition
Lender Claims in Class 1. It provides that the holders of Class 1
Claims will not receive or retain any distribution under the Plan
on account of the undersecured portion of the Prepetition Lender
Claims with such holders of Allowed Prepetition Lender Claims
agreeing to accept such less favorable treatment; provided that if
holders of Allowed General Unsecured Claims have received the
maximum amount of the GUC Distribution and there are Net Preference
Recovery Proceeds to be distributed to holders of Allowed General
Unsecured Claims in excess of the GUC Distribution, holders of
Class 1 Claims shall share Pro Rata with the holders of Allowed
General Unsecured Claims in such Net Preference Recovery Proceeds
in excess of the GUC Distribution up to the amount of the
Prepetition Lender Deficiency Claims, as evidenced by the proofs of
claim filed against each of the Debtors by the holders of Class 1
Claims.

As of March 7, 2019, the Prepetition Lender Deficiency Claims total
$54,458,286, which is the balance of the Prepetition Lender Claims
after application of the credit bid relating to the Toprol sale and
the net cash proceeds from the sales of Vimovo, Fibricor, and the
Canadian Debtors' operations. Any further amounts paid to the
holders of Prepetition Lender Claims on account of the secured
portion of their Claims, including from the proceeds of the sale of
Zontivity, would further reduce the amount of the Prepetition
Lender Deficiency Claims.

A copy of the Amended Disclosure Statement dated March 8, 2019 is
available at https://tinyurl.com/y4qw784x at primeclerk.com at no
charge.

             About Aralez Pharmaceuticals

Aralez Pharmaceuticals Inc. -- http://www.aralez.com/-- is a
specialty pharmaceutical company focused on delivering products to
improve patients' lives by acquiring, developing and
commercializing products in various specialty areas.  

The Company together with its affiliates filed for Chapter 11
protection on Aug. 10, 2018 (Bankr. S.D.N.Y. Lead Case No.
18-12425).  The Debtor estimated assets and liabilities between
$100 million and $500 million.

The Hon. Martin Glenn presides over the Debtors' Chapter 11 cases.

The Debtors tapped Willkie Farr & Gallagher LLP, as their counsel;
Alvarez & Marsal Healthcare Industry Group, LLC, as restructuring
and financial advisor; Moelis & Company as investment banker; RSM
US LLP as tax advisor; and Prime Clerk LLC as claims, noticing and
solicitation agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on August 27, 2018.  The committee tapped Brown
Rudnick LLP as legal counsel; Berkeley Research Group, LLC, and
Dundon Advisers LLC as financial advisors; and Baily Homan Smyth
McVeigh, Solicitors and McMillan LLP as special counsel.


ATLANTA LIFE: A.M. Best Lowers LT Issuer Credit Rating to b-
------------------------------------------------------------
AM Best has downgraded the Financial Strength Rating (FSR) to C+
(Marginal) from C++ (Marginal) and the Long-Term Issuer Credit
Rating (Long-Term ICR) to "b-" from "b+" of Atlanta Life Insurance
Company (ALIC) (Atlanta, GA). The outlook of the FSR has been
revised to negative from stable while the outlook of the Long-Term
ICR remains negative. ALIC is the life insurance member of Atlanta
Life Financial Group, Inc. (ALFG) and is the only remaining active
entity within the group.

The ratings reflect ALIC's balance sheet strength, which AM Best
categorizes as adequate, as well as its weak operating performance,
very limited business profile and weak enterprise risk management

The rating downgrades reflect ALIC's significant operating losses
in 2017 and 2018 despite a one-time favorable benefit due to the
merger of the company's two retirement plans, which removed the
pension liability from ALIC's financial statements once the plans
were combined. Despite the planned merger, ALIC still remained
liable in the unlikely event that the plan's assets were
insufficient to fund its liabilities. On a normalized basis,
excluding the one-time pension gain and a one-time write-off of a
reinsurance contract, operating losses reflect high expenses,
unfavorable investment yields and the impact of a contracting
balance sheet. The write-off of the reinsurance contract, although
modest in terms of operating results, is reflected in AM Best's ERM
assessment of weak given the lack of an adequate risk-control
framework, which must be addressed going forward by the new chief
financial officer and chief executive officer.

Despite the company retaining a favorable risk-adjusted capital
position, the overall balance sheet assessment continues to be
stressed by a low level of absolute capital as the result of a
write-off of an inter-company receivable from ALFG, a lack of
liquidity, high reinsurance leverage and unfavorable cash-flow
testing results. While the balance sheet assessment remains
adequate and within AM Best's prior expectations, the company's
operating cash flows are negative and AM Best anticipates that if
the company's ambitious business plans are not realized, future
risk-adjusted capitalization levels likely will continue to decline
over time has given the expense structure of the company.
Management has laid out substantial business development plans with
a focus on assuming group life insurance business from new and
existing carrier relationships, which promotes its marketing
advantage as an African-American reinsurance carrier. AM Best notes
that projected premium levels substantially exceed historical norms
and will be a challenge to achieve. As a result, ALIC's business
profile assessment remains very limited with a noted lack of
historical data quality, virtually no new business growth, limited
market share, and limited product diversification.


AUTORAMA ENTERPRISES: Has Until July 26 to Exclusively File Plan
----------------------------------------------------------------
Judge Stuart Bernstein of the U.S. Bankruptcy Court for the
Southern District of New York extended the period during which
Autorama Enterprises Inc. has the exclusive right to file a Chapter
11 plan through July 26, and to solicit acceptances for the plan
through Sept. 24.

                                   About Autorama Enterprises

Autorama Enterprises Inc. is a dealer of used car automobiles
headquartered in Bronx, New York.  The Company also provides towing
and auto repair services.  Autorama previously sought bankruptcy
protection on Jan. 11, 2017 (Bankr. S.D.N.Y. Case No. 17-40009).
The prior case was dismissed on March 8, 2017.
                  
Autorama Enterprises filed a Chapter 11 petition (Bankr. S.D.N.Y.
Case No. 18-13837), on Nov. 28, 2018. The petition was signed by
Daniel Powers, president. At the time of filing, the Debtor had $1
million to $10 million in estimated assets and $500,000 to $1
million in estimated liabilities.  The case has been assigned to
Judge Stuart M. Bernstein. The Debtor is represented by Robinson
Brog Leinwand Greene Genovese & Gluck, P.C.         


BIOSCRIP INC: ASSF IV Has 5.6% Stake as of March 14
---------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, these entities repored beneficial ownership of
7,188,615 shares of common stock, $0.0001 par value, of BioScrip,
Inc. as of March 14, 2019:

  * ASSF IV AIV B Holdings, L.P.
  * ASSF Operating Manager IV, L.P.
  * Ares Management LLC
  * Ares Management Holdings L.P.
  * Ares Holdco LLC
  * Ares Holdings Inc.
  * Ares Management Corporation
  * Ares Voting LLC
  * Ares Management GP LLC
  * Ares Partners Holdco LLC

As of the March 15, 2019, ASSF IV directly holds 7,188,615 shares
of Common Stock which represents 5.6% based on 128,155,291 shares
of Common Stock outstanding as of March 7, 2019, as reported by the
Issuer on its Annual Report on Form 10-K filed on March 15, 2019.
The Reporting Persons, as a result of their relationships, may be
deemed to directly or indirectly beneficially own the shares of
Common Stock held by ASSF IV.  

On March 14, 2019, Bioscrip entered into an Agreement and Plan of
Merger with HC Group Holdings II, Inc., a Delaware corporation and
certain other parties.  The Merger Agreement provides for, among
other things, the merger of a newly-formed subsidiary of the Issuer
with and into HC Group Holdings II, and immediately following the
First Merger, the merger of HC Group Holdings II with and into
another newly-formed subsidiary of the Issuer.

In connection with the Merger Agreement, ASSF IV and an account
managed by ASSF Operating Manager IV each entered into:

  * a letter agreement with the Issuer;

  * the Amended and Restated Warrant Agreement, among the Issuer,
    ASSF IV, the Managed Account and the other holders; and

  * an amendment to the Registration Rights Agreement, among the
    Issuer, ASSF IV, the Managed Account and the other holders.

In addition, in connection with the Mergers, Ares Management LLC,
on behalf of one or more affiliated funds, investment vehicles
and/or managed accounts, and one of its subsidiaries, Ares Capital
Management LLC, on behalf of one or more affiliated funds,
investment vehicles and/or managed accounts, entered into certain
debt financing commitments.

Letter Agreements and Warrant Amendment

Under the terms of their respective Letter Agreements, each of ASSF
IV and the Managed Account, as holders of the Warrants, and the
Issuer have agreed to enter into the Warrant Amendment, conditioned
upon the consummation of the First Merger.  Under their respective
Letter Agreements, in consideration of their execution and delivery
of the Warrant Amendment, and conditioned upon the occurrence of
the First Merger Effective Time (as defined in the Merger
Agreement), the Issuer agrees to issue to ASSF IV and the Managed
Account 1,012,226 and 337,408 shares, respectively, of Common Stock
of the Issuer, promptly following the occurrence of the First
Merger Effective Time.  Each of ASSF IV and the Managed Account
agrees, pursuant to the terms of their respective Letter
Agreements, not to sell their Warrants or exercise their exchange
right under any Warrant prior to the earlier of the First Merger
Effective Time or the termination of the Merger Agreement according
to its terms.

The Warrant Amendment amends and restates the Warrant Agreement, in
connection with, and conditioned upon, the consummation of the
First Merger in accordance with the Merger Agreement.  The Warrant
Agreement is amended and restated so as to fix the aggregate number
of shares of Common Stock issuable upon exercise of the Warrants at
8,287,317 shares.  The number of shares of Common Stock issuable to
ASSF IV and the Managed Account upon exercise of the Warrants
following the effectiveness of the Warrant Amendment is fixed at
4,520,354 and 1,506,784, respectively.  The Expiration Time and
Exercise Price are unchanged from the Warrant Agreement. The
Warrant Amendment has customary cash and cashless exercise
provisions and anti-dilution provisions customary for a fixed-share
warrant, including an anti-dilution adjustment in the event that
the Issuer issues shares of Common Stock or Common Stock
Equivalents (as defined in the Warrant Amendment) at an effective
price per share less than the current market price of the Common
Stock or the applicable exercise price of the Warrants, subject to
certain exceptions. Other terms of the Warrant Agreement remain
unchanged.

RRA Amendment

The RRA Amendment amends the Registration Rights Agreement to
include the Amendment Shares under the definition of "Registrable
Securities", and to specify the date after which registration
rights are available with respect to the Amendment Shares.  Other
terms of the Registration Rights Agreement remain unchanged.  The
effectiveness of the RRA Amendment is conditioned upon the
consummation of the First Merger.

Debt Commitments

Bank of America, N.A., Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Ares Capital Management LLC, on behalf of one or more
affiliated funds, investment vehicles and/or managed accounts,
Broad Street Loan Partners III, L.P., Broad Street Loan Partners
III Offshore, L.P., Broad Street Loan Partners III
Offshore-Unlevered, L.P. and Broad Street Senior Credit Partners
II, L.P. provided a financing commitment letter dated March 14,
2019 to HC Group Holdings II pursuant to which the Lenders, subject
to the terms and conditions in the Commitment Letter, committed an
aggregate amount of up to $1,075 million toward senior secured
credit facilities, consisting of a first lien term loan facility in
an aggregate principal amount of up to $925 million and an
asset-based revolving credit facility in an aggregate principal
amount of up to $150 million, which will be used to fund a portion
of the consideration payable in connection with the Mergers, to
repay certain of the Issuer's existing indebtedness and certain of
HC Group Holdings II's existing indebtedness, working capital and
general corporate purposes and to pay fees and expenses associated
with closing the financing of the Mergers.

Certain funds, investors, entities and accounts that are managed,
sponsored or advised by Goldman Sachs & Co. LLC or its affiliates
and the Ares Parties, provided a financing commitment letter dated
March 14, 2019 to HC Group Holdings II pursuant to which the
Investors, subject to the terms and conditions in the Notes
Commitment Letter, committed to purchase $400 million of senior
secured PIK toggle second lien floating rate notes, the net
proceeds of which will be used to fund a portion of the
consideration payable in connection with the Mergers, to repay
certain of the Issuer's existing indebtedness and certain of HC
Group Holdings II's existing indebtedness and to pay fees and
expenses associated with closing the financing of the Mergers.

A full-text copy of the regulatory filing is available for free at:
https://is.gd/CsmKWc

                      About BioScrip, Inc.

Headquartered in Denver, Colo., BioScrip, Inc. --
http://www.bioscrip.com/-- is an independent national provider of
infusion and home care management solutions, with approximately
2,100 teammates and nearly 70 service locations across the U.S.
BioScrip partners with physicians, hospital systems, payors,
pharmaceutical manufacturers and skilled nursing facilities to
provide patients access to post-acute care services.  BioScrip
operates with a commitment to bring customer-focused pharmacy and
related healthcare infusion therapy services into the home or
alternate-site setting.

BioScrip reported a net loss attributable to common stockholders of
$62.90 million for the year ended Dec. 31, 2018, compared to a net
loss attributable to common stockholders of $74.27 million for the
year ended  Dec. 31, 2017.  As of Dec. 31, 2018, Bioscrip had
$583.93 million in total assets, $634.65 million in total
liabilities, $3.23 million in series A convertible preferred stock,
90.05 million in series C convertible preferred stock, and a total
stockholders' deficit of $144 million.

                          *     *     *

As reported by the TCR on Aug. 1, 2018, Moody's Investors Service
upgraded BioScrip Inc's Corporate Family Rating to 'Caa1' from
'Caa2'.  BioScrip's Caa1 Corporate Family Rating reflects the
company's very high leverage and weak liquidity.  Also in August
2018, S&P Global Ratings raised its issuer credit rating on
BioScrip Inc. to 'CCC+' from 'CCC'.  "The rating upgrade reflects
our belief that BioScrip will be able to meet its debt obligations
for at least the next 12 months."


CADIZ INC: BlackRock Has 6.8% Stake as of Dec. 31
-------------------------------------------------
BlackRock, Inc. disclosed in a Schedule 13G/A filed with the
Securities and Exchange Commission that as of Dec. 31, 2018, it
beneficially owns 1,665,449 shares of common stock of Cadiz Inc.,
which represents 6.8 percent of the shares outstanding.  A
full-text copy of the regulatory filing is available for free at:
https://is.gd/HRWoHR

                         About Cadiz

Founded in 1983, Cadiz Inc. -- http://www.cadizinc.com/-- is a
land and water resource development company with 45,000 acres of
land in three areas of eastern San Bernardino County, California.
Virtually all of this land is underlain by high-quality, naturally
recharging groundwater resources, and is situated in proximity to
the Colorado River and the Colorado River Aqueduct, California's
primary mode of water transportation for imports from the Colorado
River into the State.  The Company's properties are suitable for
various uses, including large-scale agricultural development,
groundwater storage and water supply projects.  The Company's main
objective is to realize the highest and best use of its land and
water resources in an environmentally responsible way.

Cadiz reported a net loss and comprehensive loss of $33.86 million
in 2017, a net loss and comprehensive loss of $26.33 million in
2016, and a net loss and comprehensive loss of $24.01 million.  As
of Sept. 30, 2018, the Company had $72.32 million in total assets,
$152.2 million in total liabilities, and a total stockholders'
deficit of $79.90 million.


CLOUD PEAK: S&P Lowers ICR to 'SD' on Missed Interest Payment
-------------------------------------------------------------
S&P Global Ratings on March 15 lowered the issuer credit rating on
U.S.–based thermal coal producer Cloud Peak Energy Resources LLC
to 'SD' from 'CCC'.  It also lowered the issue-level rating on the
company's unsecured notes to 'D' from 'CC' and affirming the 'CCC'
issue-level rating on the company's second lien notes.

The downgrade follows Cloud Peak's election not to make an
approximately $1.8 million in interest on its 6.375% unsecured
notes due 2024. A payment default has not yet occurred under the
indenture governing the notes, which provides a 30-day grace
period. However, S&P dies not believe payment will be made in the
grace period given the company's announcement that it believes it
will have insufficient cash to cover its cash interest and capital
expenditures, and substantial doubt about its ability to continue
as going concern. In addition, Cloud Peak's surety underwriters
have demanded additional cash collateral securing $407.6 million of
reclamation and lease bonds. Cloud Peak continues to evaluate its
restructuring options including Chapter 11 of the U.S. Bankruptcy
Code filing.


COASTLINE ELECTRICAL: Seeks Authorization to Use Cash Collateral
----------------------------------------------------------------
Coastline Electrical Services, Inc. requests the U.S. Bankruptcy
Court for the Eastern District of Virginia to allow the use the
cash collateral to pay its expenses as outlined in the Budget.

The Debtor intends to use the cash collateral of secured creditors:
Fora Financial Business Loans, LLC; Kalamata Capital Group; and
Chrome Capital, pursuant to the budget.

As of the Petition Date, the total principal amount outstanding to
the Secured Lenders was approximately:

      (a) Fora: $159,288.19;

      (b) Kalamata's lien rights are stated as 15% of the accounts
receivable of the Debtor, currently totaling $134,524.79 (15% of
existing AR as identified on Schedule A/B, which totals
$896,831.95). Kalamata has obtained a judgment from the Supreme
Court of the State of New York, County of Ontario for $349,431.45.
The parties have not yet reached an agreement as to the total
amount currently owed to Kalamata but are in discussions regarding
same.

      (c) The Debtor believes that Chrome's lien rights are capped
at 15% of the accounts receivable of the Debtor, totaling
$134,524.79 (15% of existing AR as identified on Schedule A/B,
which totals $896,831.95). However, it does have a signed affidavit
of confession of judgment totaling $187,375.

The Debtor, as adequate protection for the use of the Cash
Collateral, offers the following to the Secured Lenders:

      (a) The Debtor will use the cash collateral to pay to the
Secured Lenders the monthly amount of $9,201.48, of which the
following will go to the specific Secured Lenders, as follows, as
adequate protection against diminution in value of their collateral
during the bankruptcy case; (i) Fora: $4,000; (ii) Kalamata:
$2,950; and (iii) Chrome: $2,600.74.

      (b) A replacement lien in and to all of the property that
currently secures the obligation owed to it by the Debtor; and

      (c) Preservation of the Debtor's finances for the duration of
the bankruptcy case.

A copy of the Debtor's Motion is available at

            http://bankrupt.com/misc/vaeb19-50269-5.pdf

                About Coastline Electrical Services

Coastline Electrical Services, Inc. is a full service commercial,
industrial, and residential electrical contractor serving the
Virginia, North Carolina, Washington D.C., Maryland, Delaware
markets.  The Company specializes in electrical, plumbing, and fire
alarm installation.

The Company filed a Chapter 11 petition (Bankr. E.D. Va. Case No.
19-50269) on Feb. 28, 2019.  In the petition signed by Eric G.
DePiazzy, owner/officer, the Debtor disclosed $1,333,449 in assets
and $3,916,510 in liabilities.  The case is assigned to Judge
Klinette Kindred.  The Debtor tapped Roussos & Barnhart, PLC, as
counsel.


CTI FOODS: Prepackaged Plan Proposes Full Payment to Unsecureds
---------------------------------------------------------------
CTI Foods, LLC, and its debtor affiliates filed a prepackaged joint
Chapter 11 plan of reorganization and accompanying disclosure
statement.

Class 6 - (General Unsecured Claims) are unimpaired. The legal,
equitable, and contractual rights of the holders of Allowed General
Unsecured Claims are unaltered by the Prepackaged Plan. Except to
the extent that a holder of an Allowed General Unsecured Claim
agrees to different treatment, on and after the Effective Date, or
as soon as reasonably practicable thereafter, the Debtors shall
continue to pay or dispute each General Unsecured Claim in the
ordinary course of business as if the Chapter 11 Cases had never
been commenced. Estimated percentage recovery 100%.

Class 3 - (First Lien Term Loan Claims) are impaired.  On the
Effective Date, or as soon as reasonably practicable thereafter,
each holder of an Allowed First Lien Term Loan Claim shall receive,
in full and final satisfaction of such Claim, such holder's Pro
Rata share of (i) 97% of the New Common Shares issued on the
Effective Date, plus an additional 3% of the New Common Shares
issued on the Effective Date in the event that Class 4 does not
vote to accept the Prepackaged Plan, each subject to dilution from
the New Common Shares issued pursuant to each of the Management
Incentive Plan and the Backstop Commitment Fee and (ii) the Exit
Last Out Term Loan. Estimated percentage recovery 50.5% (if Class 4
votes to accept the Prepackaged Plan) 51.6% (if Class 4 does not
vote to accept the Prepackaged Plan).

Class 4 - (Second Lien Term Loan Claims) are impaired.  In the
event that Class 4 votes to accept the Prepackaged Plan, each
holder of an Allowed Second Lien Term Loan Claim shall receive, on
the Effective Date, or as soon as reasonably practicable
thereafter, in full and final satisfaction of such Claim, such
holder's Pro Rata share of 3% of the New Common Shares issued on
the Effective Date, subject to dilution from the New Common Shares
issued pursuant to each of the Management Incentive Plan and the
Backstop Commitment Fee. In the event that Class 4 does not vote to
accept the Prepackaged Plan, each holder of an Allowed Second Lien
Term Loan Claim shall not receive or retain any distribution on
account of such Claim. Estimated percentage recovery 2.8% (if Class
4 votes to accept the Prepackaged Plan) 0% (if Class 4 does not
vote to accept the Prepackaged Plan).

Class 8 - (Existing Holdings Interests). On the Effective Date, the
Existing Holdings Interests shall be deemed cancelled for no
consideration without further action by or order of the Bankruptcy
Court. Estimated percentage recovery 0%.

Class 9 - (Existing Profit Interests) are impaired. Existing Profit
Interests shall not receive or retain any property under the
Prepackaged Plan on account of such Interests. On the Effective
Date, all Existing Profit Interests shall be deemed cancelled
without further action by or order of the Bankruptcy Court.

Plan Distributions of Cash shall be funded from the Debtors' Cash
on hand as of the applicable date of such Plan Distribution and
from proceeds of the Exit ABL Facility.

To address their working capital needs and fund their
reorganization efforts, on or immediately after the Petition Date,
the Debtors intend to seek Bankruptcy Court approval of an
agreement with the DIP Lenders to receive a (i) $80 million
debtor-in-possession asset-based revolving credit facility and a
(ii) $75 single-draw secured term loan (the "DIP Financing"). The
proposed order seeking approval of the DIP Financing also reflects
an agreement between and among the Debtors and their prepetition
secured parties regarding the consensual use of Cash Collateral (as
defined in the Bankruptcy Code), and the terms of adequate
protection to be provided to such parties.

The following parties have agreed, subject to the terms and
conditions of the Restructuring Support Agreement (as defined
herein), to vote in favor of, or otherwise support, the Prepackaged
Plan:

   * holders of approximately 74.23% of the outstanding principal
amount under that certain First Lien Term Loan Agreement, dated as
of June 28, 2013 (as amended, modified, or otherwise supplemented
from time to time, the "First Lien Term Loan Agreement");

   * holders of approximately 25.24% of the outstanding principal
amount under that certain Second Lien Term Loan Agreement, dated as
of June 28, 2013 (as amended, modified, or otherwise supplemented
from time to time, the "Second Lien Term Loan Agreement"); and

   * the prepetition equity sponsors, which own or control
approximately 94.31% of the outstanding equity interests in Chef
Holdings, Inc. (which directly or indirectly owns or controls one
hundred percent (100%) of the prepetition interests in the other
Debtors).

A full-text copy of the Disclosure Statement is available
https://tinyurl.com/y5d85vul from PrimeClerk.com at no charge.

                About CTI Foods

Based in Saginaw, Texas, CTI Foods, LLC, aka Chef Finance Sub, LLC,
and 16 of affiliates filed voluntary Chapter 11 petitions (Bankr.
D. Del. Lead Case No. 19-10497) on March 11, 2019.

CTI Foods -- http://www.ctifoods.com-- is an independent provider
of custom food solutions to major chain restaurants in North
America.  With a focus on blue-chip customers, CTI supplies food
products to some of the most recognized restaurants in the country,
including several of the top hamburger, sandwich, and Mexican
restaurant chains.  CTI was first formed in 1984 as SSI Food
Services, LLC and began as a protein processor for a quick service
hamburger chain with a single production facility in Wilder, Idaho.
In total, CTI directly employs approximately 1,900 personnel.

The Debtors are represented by Matthew S. Barr, Esq., Ronit J.
Berkovich, Esq., and Lauren Tauro, Esq., at Weil, Gotshal & Manges
LLP, in New York; and M. Blake Cleary, Esq., Jaime Luton Chapman,
Esq., and Shane M. Reil, Esq., at Young Conaway Stargatt & Taylor,
LLP, in Wilmington, Delaware.  The Debtors' financial advisor is
Alixpartners, LLC.  The Debtors' investment banker is Centerview
Partners LLC.  The Debtors' claims, noticing, and solicitation
agent is Prime Clerk LLC.

The Debtors had $667 million in total assets at Dec. 28, 2018, and
$655 million in total liabilities at Dec. 28, 2018.

The petition was signed by Kent Percy, chief restructuring officer.


EASTERN TIMBER: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
The Office of the U.S. Trustee on March 15 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Eastern Timber Company, Inc.

                About Eastern Timber Company Inc.

Eastern Timber Company, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.S.C. Case No. 19-00850) on February
12, 2019.  At the time of the filing, the Debtor had estimated
assets of less than $500,000 and liabilities of less than $500,000.


The case has been assigned to Judge John E. Waites.  The Debtor
hired Robert A. Pohl, Esq., at Pohl, P.A., as its legal counsel.


EQUITRANS MIDSTREAM: Fitch Affirms BB IDR & Alters Outlook to Neg.
------------------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings
(IDR) for EQM Midstream Partners, LP (EQM) at 'BBB-' and Equitrans
Midstream Corporation (ETRN) at 'BB.' Fitch has also affirmed the
'BBB-' senior unsecured rating of EQM, and affirmed the 'BB'/'RR2'
ratings for ETRN's senior secured term loan B. The Outlooks are
revised to Negative from Stable.

EQM's Negative Outlook reflects Fitch's view that past and
potential trends have lowered EQM's prospects for avoiding a
sustained period of leverage above 4.0x. EQM experienced a series
of permitting challenges at the joint venture Mountain Valley
Pipeline (MVP), a trend that underlies the largest factor in
boosting forecasted leverage. The potential trend concerns
leveraging transactions and other actions. Preferred units, which
Fitch assigns 50% debt credit, will be the source of the cash
payment for the acquisition of the stake in Eureka Midstream
Holdings, LLC and the acquisition of Hornet Midstream Holdings, LLC
(collectively, the Eureka/Hornet Purchase). The Eureka/Hornet
Purchase raises EQM's Fitch-defined leverage slightly but does so
at a time when EQM's leverage has risen and will rise because of
MVP construction. In combination, the series of permitting
challenges, and the added leverage from the Eureka/Hornet Purchase
drive the Negative Outlook. Relevant matters to continuing or
changing the Negative Outlook are changes in financing policies
(e.g., payouts to equity, issuance of equity); and, for MVP, pace
of spending, basic construction management outcomes, and events
relating to governmental authorities that are either issuing
permits or overseeing MVP actions against permits.

The ETRN Negative Outlook reflects the EQM Negative Outlook, as the
amount of standalone leverage at ETRN merits a two-notch separation
in the IDRs of EQM and ETRN.

KEY RATING DRIVERS

Acquisition Leverage is Incommensurate With MVP Challenges: EQM's
investment in the joint venture (JV) MVP has experienced weather
and permitting problems, and is significantly over the J.V.'s
original budget, and delayed about one year compared with the JV's
prior forecast. Moreover, to restart construction coming out of the
winter season, MVP faces significant execution risk at multiple
governmental agencies. As is prevalent around North America,
pipeline construction is beset with litigation, and so MVP's
opponents may mount additional challenges. Against this backdrop of
high construction risk, the transaction announced on March 14, 2019
is somewhat inconsistent with keeping Fitch-defined leverage in
check, given that the preferred unit transaction adds approximately
$550 million in deemed debt to a Dec. 31, 2018 debt balance of $4.1
billion. While the use of deemed 50% debt credit convertible
perpetual preferred units is far superior than the use of senior
debt, leverage is nonetheless increased by the Eureka/Hornet
Purchase. Fitch believes that leverage will be higher than its
negative sensitivity level of 4.0x starting at LTM 2Q19, excluding
any annualizing adjustments for the Eureka/Hornet transaction.
Given the execution risk in completing MVP in 2019, leverage
(adjusted to deem 50% of the perpetual preferred units as debt)
potentially could be high for a sustained period of time. For
context, Fitch notes past acts showing balance between debt and
equity, in terms of EQM and ETRN having set distribution/dividends
amounts that are in-line with the industry. Moreover, the EQM
distribution rate of growth guided for 2019 represents a
de-acceleration compared with when EQM had EQT Corporation as its
general partner.

Single-region Midstream Company: EQM operates in the Appalachia
basin producing region. Geographical concentration is mitigated in
large part by this region's leadership position in North American
natural gas producing regions. Customers of EQM drill to multiple
formations, the two most famous ones being the Marcellus shale and
the Utica shale. The Eureka/Hornet purchase diversifies EQM in
terms of state jurisdiction, which is an important matter given
that a large amount of federal law delegates to state agencies the
promulgation and administering of governmental authorizations. To
take one part of EQM's business, the gathering activity, prior to
Eureka/Hornet, customers granted acreage dedications to EQM such
that the breakdown was approximately 60/40 Pennsylvania/Ohio. When
the Eureka/Hornet Purchase closes, the Ohio dedicated acreage will
materially increase. Among the many merits of the transaction are
that EQM's Ohio gathering network nestles closely to the Eureka
network, and that the Eureka and Hornet send out eastward spurs
that deliver gas in the vicinity of Mobley, West Virginia, which is
the originating-terminus of MVP.

Revenues from Long-Term Capacity Reservation Payments: EQM benefits
from a stream of payments where the underlying contracts call for
fixed payments to be made whether EQM is requested to move the
contractually specified amount of volumes, or no volumes. If the
contracted amount of capacity is made available by EQM, EQM is
entitled to the fixed payment. In 2018 approximately 54% of EQM's
revenues were from capacity reservation payments. Such contracts
are prevalent in the long-distance transmission side of the
midstream sector. EQM has such payments bolstering not only
transmission, but also some of its gathering segment commercial
relationships, including the systems in the Eureka/Hornet
Purchase.

Concentration of Counter-Party Credit Risk: EQT Corporation (EQT;
BBB-/Stable) in 2018 provided approximately 74% of EQM's revenues.
EQT is the largest U.S. natural gas producer. Upstream-based credit
metrics are expected to remain strong for EQT. Due to the
combination of customer concentration and reservation-based
payments, the IDR of EQT serves as a cap on the IDR of EQM.

DERIVATION SUMMARY

A comparable for EQM is EnLink Midstream Partners, LP (ENLK;
BBB-/Stable). Both companies have recently separated from an owner
who was also their largest customer, and under each companies' new
board of directors, leverage has been added to a holdco above EQM
and ENLK. Measured by stand-alone leverage at their respective
holdcos, EQM has less pressure than ENLK to forebear, when and if
challenges arise, from cutting the distribution significantly.

ENLK's largest customer has a rating two notches higher than EQT.
ENLK is more diversified by producing basin and divisional assets
than EQM. ENLK has two growth regions, the Anadarko basin and the
Permian basin. EQM is in the Appalachia basin. This geographic
diversification is somewhat attenuated by the fact that the
Appalachia basin has posted, both in the short-term and long-term
past, high growth in increments of natural gas production. ENLK's
divisional diversification includes crude oil gathering pipelines
and natural gas liquids pipelines.

Fitch expected ENLK's leverage to be 5.0x in 2018, which is close
to the long-term runrate. For EQM in 2019 (its first full-year
operating the various assets obtained from Rice Energy Inc.)
leverage is expected to be approximately at or over 5.0x. EQM's
leverage has traditionally been below 2x, and its 2018 leverage was
approximately 3.4x. Leverage has been and will rise from its
long-term run-rate due to the multi-year construction time line of
the Mountain Valley Pipeline. The Mountain Valley Pipeline has
experienced significant time delays and budget over-runs. This
leverage is not contemplated by EQM financial policy to be
sustained after the completion of MVP. EQM leverage policy is
3.5x-4.0x long-term debt/EBITDA.

While there are small differences in the time-profile of leverage,
largest-customer's credit rating and geographical diversification,
these small differences do not lead to EQM and ENLK having a
different credit rating.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

  -- EQM's customers produce gas at a rate of growth that is
consistent with the Fitch natural gas price deck assumption for
2020-2021 of $3.00/MMBtu;

  -- EQM's Mountain Valley Pipeline total investment (2016 to
completion, yet excluding interest during construction) is
approximately $2.2 billion;

  -- No common equity issuance;

  -- The Eureka/Hornet Purchase and the associated financing closes
as indicated at announcement.

RATING SENSITIVITIES

EQM

Developments That May, Individually or Collectively, Lead to
Positive Rating Action

  -- Fitch would seek to stabilize the Outlook via a number of
measures, all of which relate to the possibility that EQM keep
leverage under 4.0x in 2019. Fitch forecasts that leverage will be
above this level. As to means of keeping leverage in check, Fitch
would seek to stabilize the Outlook should MVP stage its mid-year
net spending in a manner that is oriented around the obtaining all
permits, in particular the authorization with respect to the
Jefferson National Forest; as to year-end milestones for obtaining
permits, a completion of MVP would likely cause the Outlook to be
stabilized. Away from MVP, but during the pendency of MVP
construction, a credit-positive change in financial policies is
another potential factor in terms of stabilization.

  -- Other positive rating action is not currently viewed as likely
in the medium term.

Developments That May, Individually or Collectively, Lead to
Negative Rating Action

  -- Negative rating action at EQT;

  -- At MVP, significant delays against the joint venture's
schedule, or cost increases to the current $4.6 billion budget
(8/8ths basis, excluding interest during construction);

  -- Debt to adjusted EBITDA of over 4.0x for a sustained period.
Fitch expects debt incurred to invest in the joint venture for
Mountain Valley Pipeline to cause leverage to be over this level
for approximately 4-6 quarters;

  -- Distribution coverage ratio below 1.0x on a sustained basis;

  -- A change in operating profile such that EQM introduces a
material amount of non-fee-based contracts for its gathering
business;

  -- A change in the financial policies set by ETRN that is
materially adverse to EQM's credit quality.

ETRN:
Developments That May, Individually or Collectively, Lead to
Positive Rating Action

  -- Fitch would seek to stabilize the ETRN Outlook upon the EQM
Outlook being stabilized, as per above;

  -- Other positive rating action is not currently viewed as
possible in the medium term.

Developments That May, Individually or Collectively, Lead to
Negative Rating Action

  -- Negative rating action at EQM;

  -- A cut in distributions received from EQM such that forecast
stand-alone leverage rises above 2.75x;

  -- Negative rating action at EQT Corporation;

  -- At MVP, significant delays or cost increases to the current
$4.6 billion budget (8/8ths basis, excluding interest during
construction);

  -- EQM Debt to adjusted EBITDA of over 4.0x for a sustained
period. Fitch expects debt incurred to invest in the joint venture
for Mountain Valley Pipeline to cause leverage to be over this
level for approximately four quarters;

  -- EQM distribution coverage ratio below 1.0x on a sustained
basis;

  -- A change in operating profile such that EQM introduces a
material amount of non-fee-based contracts for its gathering
business.

LIQUIDITY

EQM maintains a strong liquidity position. As of Dec. 31, 2018, EQM
had $17.5 million of cash on the balance sheet. In addition, EQM
had $625 million in borrowings under its $3 billion senior
unsecured revolver which matures in October 2023. In October 2018,
EQM amended its credit facility to increase its borrowing capacity
to $3 billion and extend the maturity date to October 2023. The
bank agreement restricts bank defined leverage from exceeding 5x at
the end of any calendar quarter. With acquisitions, EQM's maximum
leverage is 5.5x on a temporary basis.

As of Dec. 31, 2018, EQM has no maturities until 2022.

FULL LIST OF RATING ACTIONS

Fitch has affirmed these ratings:

EQM Midstream Partners, LP

  -- Long-term Issuer Default Rating at 'BBB-';

  -- Senior unsecured rating at 'BBB-'.

Equitrans Midstream Corporation

  -- Long-term Issuer Default Rating at 'BB';

  -- Senior secured rating at 'BB'/'RR2'.

The Rating Outlook for both entities has been revised to Negative
from Stable.


EVERI PAYMENTS: S&P Alters Outlook to Positive, Affirms 'B' ICR
---------------------------------------------------------------
S&P Global Ratings on March 15 revised its outlook on Everi
Payments Inc. to positive from stable and affirming all of its
ratings on the company, including the 'B' issuer credit rating.

The outlook revision reflects Everi's EBITDA growth, which has
outperformed the assumptions in S&P's previous base-case forecast.
S&P expects that this strong growth will allow the company to
reduce its adjusted leverage under its 5x upgrade threshold this
year, which compares with its previous expectation of the low-5x
area.

The positive outlook on Everi reflects S&P's forecast for continued
EBITDA growth through 2020, which will reduce the company's
adjusted leverage to the mid-4x area by the end of 2020.

S&P said it could raise its rating on Everi by one notch when the
company's adjusted leverage improves to the mid-4x area. S&P
believes this level of adjusted leverage would provide the company
with a sufficient cushion relative to S&P's 5x upgrade threshold to
absorb potential modest EBITDA volatility arising from economic
weakness or modest acquisition spending.

"We could revise our outlook on Everi to stable if we no longer
believe that it will sustain adjusted leverage of less than 5x.
Although less likely than an outlook revision, we would consider
lowering our ratings on the company if we believe its adjusted
leverage will increase above 7x, its interest coverage will fall
below 2x, or if its liquidity position became impaired," S&P said.
S&P said this could occur because of an approximately 30% decline
in Everi's EBITDA relative to its 2019 forecast, which would likely
be driven by a sharp weakening in the economy that leads casino
operators to meaningfully cut back on their gaming machine orders.
This could also occur if an economic downturn significantly reduces
player spending at casinos or if Everi undertakes a leveraging
transaction, according to S&P.


F+W MEDIA: Taps Epiq Corporate as Claims Agent
----------------------------------------------
F+W Media, Inc., received approval from the U.S. Bankruptcy Court
for the District of Delaware to hire Epiq Corporate Restructuring,
LLC as claims and noticing agent.

The firm will oversee the distribution of notices and the
maintenance, processing and docketing of claims filed in the
Chapter 11 cases of F+W Media and its affiliates.

Epiq received a retainer in the amount of $15,000 prior to the
Debtors' bankruptcy filing.

Brian Karpuk, director of Epiq, disclosed in a court filing that
his firm is "disinterested" as defined in Section 101(14) of the
Bankruptcy Code.

Epiq can be reached through:

     Brian Karpuk
     Epiq Corporate Restructuring, LLC
     777 Third Avenue
     New York, NY 10017
     Phone: (646) 282-2523

                       About F+W Media Inc.

F+W Media, Inc. and its affiliates distribute content targeted at
hobbyist niche audiences, including communities of individuals who
are enthusiastic about their hobbies such as arts and crafts,
outdoor interests, collectibles, writing and design, and lifestyle.
F+W Media runs two business lines which it primarily operates
through F+W Media - the Communities business line and the F+W Books
business line.  Each of F+W Media's subsidiaries was formed to
handle distinct aspects of these businesses.

F+W Media and its affiliates sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-10479) on
March 10, 2019.  At the time of the filing, the Debtors estimated
assets of $50 million to $100 million and liabilities of $100
million to $500 million.

The cases are assigned to Judge Kevin Gross.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP as legal
counsel; Greenhill Co. as investment banker; FTI Consulting as
financial advisor; and Epiq Corporate Restructuring, LLC as claims
and noticing agent.


FLAMBEAUX GAS: Must File Amended Plan and Disclosures by April 8
----------------------------------------------------------------
Bankruptcy Judge Elizabeth W. Magner ordered Flambeaux Gas &
Electric Lights, LLC to file an amended disclosure statement and
plan by April 8, 2019.

Objections to the amended disclosure statement are due by no later
than April 15, 2019 at 5:00 p.m.

The hearing on Debtor's Disclosure Statement and Plan will be
continued to April 17, 2019 at 9:00 a.m. at 500 Poydras Street,
B-709, New Orleans, Louisiana.

The Court approves the Motion to Extend Time to Confirm Plan and
extends the time to confirm the plan to April 30, 2019.

           About Flambeaux Gas & Electric Lights

Flambeaux Gas & Electric Lights L.L.C. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. La. Case No.
18-11979) on July 31, 2018, listing under $1 million in both assets
and liabilities.  Congeni Law Firm LLC, led by founding partner Leo
D. Congeni, is the Debtor's bankruptcy counsel.



GARDEN OAKS: Committee Plan Expects $400K-$500K Available Cash
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of Garden Oaks
Maintenance Organization, Inc., filed an amended plan of
reorganization and accompanying disclosure statement disclosing
that GOMO's expected available cash on the Effective Date is
$400,000 to $500,000.

Administrative Claims total $100,000 to $200,000 and will be paid
in full.  General unsecured claims total $250,000 to $1,500,000,
and will be paid a pro rata share of cash remaining after payment
of all other claims.

To the extent an objection is pending against a holder of a General
Unsecured Class Claim on the Effective Date, no Distributions shall
be made until the entire Claim has been Allowed. GOMO's Schedules
reflect that approximately $3 million is owed to holders of General
Unsecured Class Claims; however, GOMO marked all, or nearly all, of
these claims as disputed.  Parties have filed proofs of claim
asserting that GOMO owes approximately $1.5 million in General
Unsecured Claims.  The Committee believes that after the claim
objections, the amount of claims may be reduced to an amount as low
as $250,000.

The Committee believes that approval of the Plan is in the best
interests of GOMO’s creditors as well as other parties in
interest including the current homeowners in Garden Oaks. The
Committee urges all creditors and homeowners to vote in favor of
the Plan and accept the Proposed Amendments to the Deed
Restrictions.

A full-text copy of the Amended Disclosure Statement dated March
11, 2019, is available at https://tinyurl.com/y4wpf97l from
PacerMonitor.com at no charge.

        About Garden Oaks Maintenance Organization

Garden Oaks Maintenance Organization, Inc., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No.
18-60018) on April 11, 2018.  In the petition signed by Mark
Saranie, president, the Debtor estimated assets of less than $1
million and liabilities of less than $1 million.  

Judge David R. Jones presides over the case.  Johnie J. Patterson,
Esq., at Walker & Patterson, P.C., serves as the Debtor's
bankruptcy counsel.  

On May 31, 2018, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


GENOCEA BIOSCIENCES: Ernst & Young LLP Raises Going Concern Doubt
-----------------------------------------------------------------
Genocea Biosciences, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K, disclosing a
net loss of $27,811,000 on $0 of total revenues for the year ended
Dec. 31, 2018, compared to a net loss of $56,710,000 on $0 of total
revenues for the year ended in 2017.

The audit report of Ernst & Young LLP states that the Company has
suffered recurring losses from operations, has a working capital
deficiency, and has stated that substantial doubt exists about the
Company’s ability to continue as a going concern.

The Company's balance sheet at Dec. 31, 2018, showed total assets
of $31,115,000, total liabilities of $23,780,000, and a total
stockholders' equity of $7,335,000.

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

                       https://bit.ly/2XV6bbN

Genocea Biosciences, Inc., a biopharmaceutical company, discovers
and develops novel cancer vaccines.  The Company uses its
proprietary discovery platform, ATLAS, to recall a patient's
pre-existing CD4+ and CD8+ T cell immune responses to tumor to
identify antigens for inclusion in vaccines that are designed to
act through T cell (or cellular) immune responses.  Its lead
immuno-oncology program is GEN-009, an adjuvanted neoantigen
peptide vaccine candidate, which is in preclinical stage, designed
to direct a patient's immune system to attack tumor.  The Company
is also seeking partners to develop cancer vaccines targeting
tumor-associated antigens and a vaccine targeting cancers caused by
Epstein-Barr virus.  Genocea Biosciences, Inc., was founded in 2006
and is headquartered in Cambridge, Massachusetts.


GOLDEN TOUCH: Unsecureds to Get $200 Per Month for 60 Months
------------------------------------------------------------
Golden Touch Commercial Cleaning, L.L.C., filed a Chapter 11 plan
of reorganization and accompanying disclosure statement.

CLASS 6 - Unsecured Creditors.  The total amount of unsecured
claims listed in the Plan is $77,747.72.  The Debtor proposes to
pay a total of $200 per month pro rata to all unsecured creditors
for a period of 60 months.

CLASS 5 - 4365, LLC. The Debtor leases its commercial property from
4365, LLC. The Debtor proposes to adopt and incorporate in its plan
and reorganization all of the terms of its current lease with 4365,
LLC as if the same had been assumed pursuant to 11 U.S.C Section
365.

The Debtor is currently preparing a due diligence package for
prospective purchasers of the Debtor's assets and negotiating for
the possible sale of said assets. Until the due diligence package
is finished it is unlikely that a contract for sale will be put
before the Court.

A full-text copy of the Disclosure Statement dated March 11, 2019,
is available at https://tinyurl.com/y6bfpt6l from PacerMonitor.com
at no charge.

Headquartered in Mobile, Alabama, Golden Touch Commercial Cleaning,
L.L.C., filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Ala. Case No. 17-01835) on May 17, 2017, estimating its assets of
up to $50,000 and its liabilities between $100,001 and $500,000.
Robert M. Galloway, Esq., at Galloway Wettermark Everest Rutens &
Gaillard, serves as the Debtor's bankruptcy counsel.


GRAN TIERRA ENERGY: Fitch Affirms 'B' IDRs & Alters Outlook to Pos.
-------------------------------------------------------------------
Fitch Ratings has affirmed Gran Tierra Energy International
Holdings Ltd's (GTE) Long-Term Foreign and Local Currency Issuer
Default Ratings (IDRs) at 'B', and affirmed the company's senior
unsecured notes rating at 'B'/'RR4'. The Rating Outlook has been
revised to Positive from Stable.

GTE's ratings incorporate a conservative capital structure and
low-cost operating profile, constrained by smaller scale and
limited geographic diversification. The Positive Outlook reflects
consistent annual growth of between four and five thousand barrels
of oil equivalent per day (boepd) over the last several years to
36,209 boe in FY18, and expanding geographic diverisification.
Fitch's base case forecasts daily average gross production of above
40,000 boe in the near to medium term.

KEY RATING DRIVERS

Expected Production Growth: Under Fitch's base case forecast, GTE
is expected to increase daily average production to above 40,000
boe in the near to medium term, representing nearly 100% growth
since 2015. In 2018, the company's average production was 36,209
boepd with approximately 95% of it concentrated in Putumayo and the
Middle Magdalena Basin. GTE's recent acquisition of working
interests in three blocks throughout Colombia for USD104.2 million
should immediately add approximately 2,200 boepd of production and
6.1 million boe of proved and probable reserves.

Strong Capital Structure: GTE finished 2018 with a strong debt
profile, reporting gross leverage of 1.0x and interest coverage of
24.9x. Through the rating horizon, GTE should maintain leverage at
or around 1.0x and coverage ratios of approximately 15x, assuming
the company continues to fund investment with internal cashflow. A
more aggressive development strategy could result in additional
debt, but the company has significant headroom at its current
levels relative to its rating category. Last years' USD300 million
issuance significantly extended it maturity profile, further
strengthening GTE's ability to reinvest capital into increasing
production and reserve life.

Low Hydrocarbon Reserves: Fitch believes GTE's relatively low
reserve life of 5.0 years 1P reserves and 10.7 years proved and
probable (2P) reserves limits flexibility to reduce capex
investments. As of 4Q18, GTE reported Colombian 1P reserves of 66
million boe with nearly 100% of production in oil. GTE has a strong
concession life with the earliest material concession expiring in
2033. This concession currently accounts for approximately 32% of
production. Other concessions have longer expiration dates.

Investment Requirements Pressure Liquidity: Fitch expects neutral
to negative FCF (after acquisitions) through the medium term due to
the need to maintain GTE's tight reserve life and grow production.
In 2018, GTE had negative FCF of USD116 million with USD400 million
of capex (+40% yoy). Fitch anticipates capex of around USD270
million in 2019, not including the aforementioned acquisitions in
Llanos, Suroriente and Putumayo. Between 2020 and 2022, Fitch
forecast approximately USD950 million of capex and/or acquisitions,
with resulting average cash balance of roughly USD50 million
through rating horizon.

DERIVATION SUMMARY

GTE's credit profile compares well with other small, independent,
oil and gas companies in the region. Ratings for Frontera Energy
Corporation (B+/Stable), GeoPark Limited (B+/Stable) and Compania
General de Combustibles S.A. (CGC; B/Negative) are constrained to
the 'B' category, given the inherent operational risk associated
with small scale and low diversification production profiles.

GTE's capital structure and liquidity are comparable with its
independent oil & gas peers. As of YE 2018, leverage stood at 1.0x,
with cash of USD51 million. Regional peers have comparable leverage
with GeoPark reporting 2.0x as of FY18 and Frontera reporting LTM
leverage 1.1x as of 3Q18. GeoPark's cash balance was USD127
million, and Frontera's was USD586 million. These capital
structures are considered strong for their rating category.

GTE's gross production profile is in line with some of its higher
rated peers with approximately 36,000 boepd but continues to be
constrained by its relatively low 1P reserve life of 5.0 years as
of YE18. GeoPark's annual production was around 36,000 boepd on 8.6
years of 1P reserve life. CGC's average production in 2018 was
above 30,000 boepd with reserve life of 6.2 years. Although GTE
remains smaller than Frontera, the companies' net production
profiles have seen distinct trajectories as GTE has grown from
17,700 boepd in 2015 to approximately 29,000 boepd last year, and
is expected to reach production of around 32,000 boepd in 2019.
During the same period, Frontera's production has fallen from
102,000 boepd to 58,000 boepd, with a current target of 60,000
boepd-65,000 boepd. At present levels, Frontera's reserve life is
comparable to GTE with 1P reserves of 5.2 years, but recovery in
production would likely push reserve life below five years.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

  -- Fitch's price deck for Brent of 65 per barrel (bbl) for 2019,
USD62.50/bbl for 2020, USD60/bbl for 2021, and USD57.50bbl for the
long term;

  -- Average gross production of 42,000 boe from 2019 to 2022;

  -- Average annual investments/capex of USD330 million over the
rating horizon;

  -- No dividends paid during 2019-2022.

Key Recovery Rating assumptions:

  -- Recovery analysis assumes GTE would be liquidated in
bankruptcy. Fitch assumed a 10% administrative claim;

  -- Liquidation approach:

  -- The liquidation estimate reflects Fitch's view of the value of
inventory and other assets that can be realized in a reorganization
and distributed to creditors:

  -- The 50% advance rate is typical of inventory liquidations for
the oil and gas industry;

  -- The USD10bbl estimate reflects the typical valuation of recent
reorganizations in the oil and gas industry. The waterfall results
in a 100% recovery corresponding to an 'RR1' for the senior
unsecured notes of USD300 million. The RR is limited, however, to
'RR4' due to the soft cap for Colombia.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to
Positive Rating Action

  -- Net production between 30,000 boepd-35,000 boepd on a
sustained basis, combined with an increase in reserve size at or
above 6.5 years and continued expansion of its geographic
footprint;

  -- Sustained conservative capital structure and investment
discipline, including improvement in debt-to-1P reserves of $5/bbl
or lower.

Developments That May, Individually or Collectively, Lead to
Negative Rating Action

  -- Gross production declines to below 30,000 boepd;

  -- A deterioration of capital structure and liquidity as a result
of either a steeper than anticipated decline in production or a
marked increase in debt;

  -- A significant reduction in the reserve replacement ratio could
affect GTE's credit quality, given the current proved reserve life
of approximately five years.

LIQUIDITY

Adequate Liquidity: Although it is constrained by the GTE's
significant investment requirements, Fitch believes the company has
adequate liquidity through the medium term. Fitch anticipates
approximately USD50 million of cash on hand annually, with largely
neutral to negative FCF through the investment cycle. This compares
with USD24 million of annual interest expense, and limited
maturities through the medium term.

FULL LIST OF RATING ACTIONS

Gran Tierra Energy International Holdings Ltd.

  -- Long-Term Foreign Currency Issuer Default Rating (IDR)
affirmed at 'B';

  -- Long-Term Local Currency IDR affirmed at 'B';

  -- Senior unsecured debt rating affirmed at 'B/RR4'.

The Rating Outlook is revised to Positive from Stable.


GRAND VIEW FINANCIAL: $660K Sale of Ventura Real Property Withdrawn
-------------------------------------------------------------------
Judge Robert Kwan of the U.S. Bankruptcy Court for the Central
District of California withdrew without prejudice to any parties in
interest, Grand View Financial, LLC's proposed sale of the
residential real property located at 428 Georgetown Ave., Ventura,
California to Amelia and Jon Stockton for $660,000, subject to
overbid.

A hearing on the Motion was held on Feb. 26, 2019 at 1:30 p.m.

                   About Grand View Financial

Formed in 2015, Grand View Financial LLC is a Wyoming limited
liability company, which is in the business of acquiring distressed
real property.

Grand View Financial sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 17-20125) on Aug. 17,
2017.  In the petition signed by Steve Rogers, its managing member,
the Debtor disclosed $29.88 million in assets and $39.71 million in
liabilities.  Judge Julia W. Brand presides over the case.  Levene,
Neale, Bender, Yoo & Brill LLP, serves as the Debtor's legal
counsel.


GREEN NATION: Trustee Taps Grobstein Teeple as Accountant
---------------------------------------------------------
Nancy Zamora, the Chapter 11 trustee for Green Nation Direct,
Corporation, received approval from the U.S. Bankruptcy Court for
the Central District of California to hire Grobstein Teeple LLP as
her accountant.

The services to be provided by the firm include an evaluation of
the Debtor's financial records, assets and liabilities, and
tax-related issues; preparation of tax returns; forensic accounting
services; and consulting services.

Grobstein Teeple will charge these hourly fees:

     Partners/Principals         $300 - $485
     Managers/Directors          $225 - $375
     Staff/Senior Accountants     $85 - $275
     Paraprofessionals               $125

Howard Grobstein, a partner at Grobstein Teeple, disclosed in a
court filing that his firm neither holds nor represents any
interest adverse to the Debtor's bankruptcy estate, creditors or
equity security holders.

The firm can be reached through:

     Howard B. Grobstein
     Grobstein Teeple LLP
     6300 Canoga Avenue, Suite 1500W
     Woodland Hills, CA 91367
     Telephone: (818) 532-1020
     Facsimile: (818) 532-1120
     Email: hgrobstein@gtllp.com
     Email: documents@gtllp.com

                     About Green Nation Direct

Green Nation Direct, Corporation is a privately-held architectural
design company that specializes in various interior design and
spatial planning projects.  The Debtor is based in Los Angeles,
California.

Green Nation Direct sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Calif. Case No. 18-12698) on Nov. 2,
2018.  At the time of the filing, the Debtor estimated assets of
less than $1 million and liabilities of $1 million to $10 million.
The case has been assigned to Judge Maureen Tighe.

Orantes Law Firm, P.C. serves as the Debtor's legal counsel.

On Dec. 6, 2018, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee is
represented by Resnik Hayes Moradi LLP.

Nancy Zamora was appointed as Chapter 11 trustee for the Debtor's
bankruptcy estate.  Levene Neale Bender Yoo & Brill LLP is the
Debtor's legal counsel.


GT REALTY: Unsecureds to Get 89% Distribution Under Proposed Plan
-----------------------------------------------------------------
GT Realty Holdings LLC filed with the U.S. Bankruptcy Court for the
Eastern District of New York a disclosure statement explaining its
proposed chapter 11 plan of reorganization.

The plan's foundation is the settlement agreement with Samuel
Hampton. Hampton agrees to transfer the New York Property back to
the Debtor and the Debtor agrees to sell the Property to a designee
in the Bankruptcy Court. Samuel Hampton is entitled to the first
$220,000 of the sale proceeds. The remainder will be distributed to
creditors in their order of priority.

Class 3 under the plan consists of the general unsecured claims,
which total approximately $2,325,000. This class will receive a
pro-rata payment to each Claimant of available Cash up to Allowed
Amount of Class 3 Claims, plus interest at the Legal Rate after
payment of Administrative Claims, unclassified tax Claims, Class 1
and Class 2 Claims. If the Property purchase price at sale is
$2,500,000, the Debtor estimates an 89% distribution to creditors.

Effective Date obligations under the Plan will be satisfied from
the sale of the Property. The Property will be sold to the highest
bidder at an auction sale to be conducted under the Sale and
Auction Procedures in the Settlement Agreement subject to entry of
a Bankruptcy Court order (i) approving the sale; (ii) providing,
inter alia, that the purchaser is a good faith purchaser; and (iii)
providing that the sale of the Real Property shall be free and
clear of all liens, claims, encumbrances and interests with any
such liens, claims and encumbrances to attach to the sale proceeds,
and to be disbursed under the Plan.

A copy of the Disclosure Statement is available at
https://tinyurl.com/y55b7efo from Pacermonitor.com at no charge.

               About GT Realty Holdings

GT Realty Holdings LLC is a privately-held company engaged in
activities related to real estate.

GT Realty Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 18-75679) on Aug. 21,
2018.  In the petition signed by Christopher Gebbia, managing
member, the Debtor disclosed $2,504,320 in assets and $2,604,914 in
liabilities.  

Judge Louis A. Scarcella presides over the case.


GULFSTREAM DIAGNOSTICS: $128K Sale of Two Agilents Approved
-----------------------------------------------------------
Judge Stacey G. C. Jernigan of the U.S. Bankruptcy Court for the
Northern District of Texas authorized Gulfstream Diagnostics, LLC's
sale of two pieces of medical laboratory equipment, namely two
Agilent G64060C Triple Quad LC/MS Spectrometers for $63,000 and
$65,000, respectively, for a total of $128,000, to John Mulliken.

The sale is free and clear of all liens, claims, interests, and
encumbrances, with all liens, claims, interests, and encumbrances
attaching to the Purchase Price.

The Proceeds will be held by the Debtor in escrow pending an
accounting of responsibility for 2018 taxes and tax liens owing to
Dallas County as between the Debtor, Research Health Laboratories,
LLC ("RHL"), and/or any other non-debtor affiliates, subject to the
Debtor's right to file a motion or other appropriate pleading
regarding the allocation of such responsibility under applicable
law, and subject to the Debtor's filing of an appropriate pleading
to distribute the Proceeds.  The Debtor will not disburse any
portion of the Proceeds, including in payment of ad valorem taxes,
except upon further order of the Court.

The Order will not be stayed by any provision of the Federal Rules
of Bankruptcy Procedure, including Rule 6004(h).

The Order is a final, appealable order for all issues except what
the final allocation of ad valorem tax purposes will be for 2018 as
between the Debtor, RHL and/or other non-debtor affiliates, and as
to the amount of 2019 taxes and the final allocation thereof as
between the Debtor, RHL and/or other non-debtor affiliates.

                  About Gulfstream Diagnostics

Gulfstream Diagnostics, LLC, operates a medical laboratory in
Dallas, Texas.  It provides clinical, pharmacogenetics and
toxicology laboratory tests.  Its laboratory features Beckman
Coulter, Agilent Technologies, Douglas Scientific, and Tecan
instrumentation.

Gulfstream Diagnostics filed a voluntary Chapter 11 petition
(Bankr. N.D. Tex. Case No. 19-30159) on Jan. 16, 2019.  In the
petition signed by Maison Vasek, CFO, the Debtor estimates $1
million to $10 million in both assets and liabilities.

Judge Stacey G. Jernigan oversees the case.

Thomas Daniel Berghman, Esq. at Munsch Hardt Kopf & Harr, P.C. is
the Debtor's counsel.  BidMed, LLC, is the broker and auctioneer.


GUTTER CAP: Lease Agreement with Phillips for Duval Property Okayed
-------------------------------------------------------------------
Judge Paul M. Green of the U.S. Bankruptcy Court for the Middle
District of Florida authorized Gutter Cap of Florida, Inc. to enter
into the Lease Agreement with Phillips Hwy Commerce Park, LLC for
real property located in Duval County, Florida.

A hearing on the Motion was held on Feb. 21, 2019.

                   About Gutter Cap of Florida

Gutter Cap of Florida, Inc. -- http://www.guttercapflorida.com/--
is a provider of gutters and gutter protection products serving
Florida and Southern Georgia areas. Gutter Cap's patented design
uses liquid physics, combining water surface tension, cohesion and
adhesion, allowing rainwater to adhere to the dome of the cap while
leaves, sticks, and other debris, simply fall from the roof to the
ground. Gutter Cap of Florida is headquartered in Duval County and
provides gutter cap installation in Jacksonville, Tampa, St.
Petersburg, Amelia Island, Daytona, Fernandina Beach, Gainesville,
Lake City, Ocala, Orange Park, Orlando, Ormond Beach, Palatka, Palm
Coast, St. Augustine, Tallahassee, Florida and BainBridge, St.
Simons, Thomasville, Cocoa, Valdosta, Georgia.

Gutter Cap of Florida, based in Jacksonville, FL, filed a Chapter
11 petition (Bankr. M.D. Fla. Case No. 18-03913) on Nov. 7, 2018.
In the petition signed by William Barton Crews, president, the
Debtor disclosed $101,426 in assets and $1,023,816 in liabilities.
The Law Offices of Jason A. Burgess, LLC, led by principal Jason A.
Burgess, Esq., serves as bankruptcy counsel to the Debtor.


HIGHLAND SALONS: Seeks Access to Compass Bank Cash Collateral
-------------------------------------------------------------
Highland Salons, Ltd., seeks authority from the U.S. Bankruptcy
Court for the Southern District of Texas to use cash collateral for
operating funds in order to meet current expenses.

The Debtor owns commercial real property located at 21720 Highlands
Knolls Drive, Katy, Texas 77450. The Building was constructed and
maintained by the current owners and is permanently financed
primarily by a deed of trust mortgage in favor of Compass Bank in
the amount of $1,320,000. In addition to the real property mortgage
in favor of Compass Bank, the Debtor granted a lien in its rental
income to secure the payment of the mortgages.

The Debtor is unaware of any other party that holds an interest in
Cash Collateral of the Debtor.

The Debtor believes that the value of the building exceeds $3.5
million dollars. The Debtor asserts that the interests of Compass
Bank are adequately protected by existing liens on real estate and
the monthly replacement liens on the rents as they accrue. However,
the Debtor proposes the following additional adequate protection:

      (a) Compass Bank will be granted a post-petition replacement
all new rents, contract rights, general intangibles, furniture,
fixtures and equipment from and after the date of filing of the
case, as further security for the use of the Cash Collateral, but
only to the extent of the use by the Debtor of the cash Collateral
on a post-petition basis.

      (b) On or before the 20th day of each month, the Debtor will
deliver to Compass Bank, a copy of the monthly operating report it
is required to file with the Court.

      (c) The Debtor will allow Compass Bank to review and copy,
upon prior written request, (i) all vouchers, invoices, contracts
and other writings relating to any and all disbursements made or
obligations incurred by the Debtor with respect to the maintenance
and operation of the Building and (ii) any and all other books and
records of the Debtor pertaining to the Debtor's use of Cash
Collateral.

A copy of the Debtor's Motion is available at

             http://bankrupt.com/misc/txsb19-30540-13.pdf

                     About Highland Salons LP

Highland Salons, LP is a full-service salon specializing in hair,
nails, massage and esthetics.  It also offers a menu of
personalized skin therapies, body treatments, massage, anti-aging
facials and customized packages.

Highland Salons sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Texas Case No. 19-30540) on February
1, 2019.  At the time of the filing, the Debtor disclosed
$3,553,410 in assets and $1,019,255 in liabilities.  

The case is assigned to Judge David R. Jones.  The Debtor tapped
Law Office of Peter Johnson as its legal counsel.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case.


HOVNANIAN ENTERPRISES: BlackRock Holds 7% of Class A Shares
-----------------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, BlackRock, Inc. disclosed that as of Dec. 31, 2018, it
beneficially owns 9,325,056 shares of Class A common stock of
Hovnanian Enterprises Inc., which represents 7 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at: https://is.gd/H8Xefj

                   About Hovnanian Enterprises

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian
and headquartered in Matawan, New Jersey, designs, constructs,
markets, and sells single-family detached homes, attached townhomes
and condominiums, urban infill, and active lifestyle homes in
planned residential developments.  The Company is a homebuilder
with operations in Arizona, California, Delaware, Florida, Georgia,
Illinois, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina,
Texas, Virginia, Washington, D.C. and West Virginia.  The Company's
homes are marketed and sold under the trade names K. Hovnanian
Homes, Brighton Homes.

Hovnanian Enterprises reported net income of $4.52 million for the
year ended Oct. 31, 2018, compared to a net loss of $332.19 million
for the year ended Oct. 31, 2017.  As of Jan. 31, 2019, Hovnanian
had $1.62 billion in total assets, $2.09 billion in total
liabilities, and a total stockholders' deficit of $470.36 million.

                            *   *   *

In July 2018, S&P Global Ratings raised its corporate credit rating
on Red Bank, N.J.-based Hovnanian Enterprises to 'CCC+' from 'CC'.
The rating outlook is negative.  S&P said "The upgrade of Hovnanian
reflects the conclusion of the proposed exchange offering for any
and all of its $440 million 10% senior secured notes and $400
million 10.5% senior secured notes."

In August 2018, Moody's Investors Service affirmed Hovnanian
Enterprises' ratings, including its 'Caa1' Corporate Family Rating.
Moody's said the rating action reflects Moody's view that the
controversy surrounding the company's financing with interest
payment restrictions and related derivatives market considerations
appears to have been resolved and risks of potential near-term
default events have somewhat subsided.

In January 2019, Fitch Ratings affirmed the ratings of Hovnanian
Enterprises, including the company's Issuer Default Rating, at
'CCC'.  Fitch said HOV's rating is influenced by the company's
execution of its business model, land policies, and geographic,
price point and product line diversity.


HUT AIRPORT LIMOUSINE: April 3 Final Cash Collateral Hearing
------------------------------------------------------------
Kenneth S. Eiler, as Chapter 11 Trustee for HUT Airport Limousine,
Inc., d/b/a HUT Airport Shuttle, requests the U.S. Bankruptcy Court
for the District of Oregon to authorize the Estate to use cash
collateral on a temporary basis until a final hearing can be held.

A final hearing on the Cash Collateral Motion will be held April 3,
2019 at 1:30 p.m.

According to his Motion, the Trustee requires the use of Columbia
State Bank ("CSB") cash collateral in order to preserve and
maintain the assets of the bankruptcy estate and to preserve the
value of the Debtor's business as a going concern. The Trustee
believes CSB claims a security interest in substantially all of
Debtor's personal property and in certain real property of Debtor.
Thus, to provide adequate protection for the use by Trustee of
CSB's cash collateral, CSB will be granted a replacement security
interest in and lien upon Debtor's assets generated or acquired
from and after the Petition Date of the same category, kind,
character, and description as was subject to CSB's lien on the
Petition Date.

A full-text copy of the Trustee's Motion is available at

                 http://bankrupt.com/misc/orb18-63699-106.pdf

                       About HUT Airport Limousine

HUT Airport Limousine, Inc., doing business as HUT Airport Shuttle
-- http://www.hutshuttle.com/-- is an airport shuttle services
company based in Albany, Oregon.  Hut Shuttle has pick-up and
drop-off service at the following locations: Albany (HUT Office),
Albany Comfort Suites, Corvallis (Hilton Garden), Eugene (UO
Student Rec Center), OSU McNary Hall (West stairwell), Portland
Airport (PDX), Salem Airport (SLE), and Woodburn (Best Western).

HUT Airport Limousine filed a Chapter 11 petition (Bankr. D. Ore.
Case No. 18-63699)on Dec. 6, 2018.  In the petition signed by Doris
Hutmacher, president, the Debtor disclosed $185,837 in total assets
and $2,253,913 in total debt.  Judge Thomas M. Renn oversees the
case.  Barnes Law Offices, PC, led by principal, Keith D. Karnes,
is the Debtor's counsel.


IMERYS TALC: Hires Prime Clerk as Administrative Advisor
--------------------------------------------------------
Imerys Talc America, Inc., and its debtor-affiliates seek authority
from the U.S. Bankruptcy Court for the District of Delaware to
employ Prime Clerk LLC, as administrative advisor to the Debtors.

Imerys Talc requires Prime Clerk to:

   a. assist with, among other things, solicitation, balloting,
      and tabulation of votes, and prepare any related reports,
      as required in support of confirmation of a chapter 11
      plan, and in connection with such services, process
      requests for documents from parties in interest, including,
      if applicable, brokerage firms, bank back-offices, and
      institutional holders;

   b. prepare an official ballot certification and, if necessary,
      testify in support of the ballot tabulation results;

   c. assist with the preparation of the Debtors' schedules of
      assets and liabilities and statements of financial affairs
      and gather data in conjunction therewith;

   d. provide a confidential data room, if requested;

   e. manage and coordinate any distributions pursuant to a
      chapter 11 plan; and

   f. provide such other processing, solicitation, balloting, and
      other administrative services described in the Engagement
      Agreement, but not covered by the Section 156(c) Order, as
      may be requested from time to time by the Debtors, the
      Court, or the Office of the Clerk of the Bankruptcy Court
      (the "Clerk").

Prime Clerk will be paid at these hourly rates:

     Director of Solicitation                   $215
     Solicitation Consultant                    $195
     COO and Executive VP                      No charge
     Director                                 $180-$200
     Consultant/Senior Consultant              $70-$170
     Technology Consultant                     $35-$95
     Analyst                                   $35-$55

Prime Clerk will be paid a retainer in the amount of $10,000.

Prime Clerk will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Benjamin J. Steele, partner of Prime Clerk LLC, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Prime Clerk can be reached at:

     Benjamin J. Steele
     PRIME CLERK LLC
     830 3rd Avenue, 9th Floor
     New York, NY 10022
     Tel: (212) 257-5450

                    About Imerys Talc America

Imerys Talc and its subsidiaries --
https://www.imerys-performance-additives.com/ -- are in the
business of mining, processing, selling, and distributing talc.
Talc is a hydrated magnesium silicate that is used in the
manufacturing of dozens of products in a variety of sectors,
including coatings, rubber, paper, polymers, cosmetics, food, and
pharmaceuticals. Its talc operations include talc mines, plants,
and distribution facilities located in: Montana (Yellowstone,
Sappington, and Three Forks); Vermont (Argonaut and Ludlow); Texas
(Houston); and Ontario, Canada (Timmins, Penhorwood, and Foleyet).
It also utilizes offices located in San Jose, California and
Roswell, Georgia.

Imerys Talc America, Inc. and two subsidiaries, namely Imerys Talc
Vermont, Inc., and Imerys Talc Canada Inc., sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 19-10289) on Feb. 13,
2019.

The Debtors estimated $100 million to $500 million in assets and
$50 million to $100 million in liabilities as of the bankruptcy
filing.

The Hon. Laurie Selber Silverstein is the case judge.

The Debtors tapped Richards, Layton & Finger, P.A., and Latham &
Watkins LLP as counsel; Alvarez & Marsal North America, LLC as
financial advisor; and Prime Clerk LLC as claims agent.


IMPERIAL METALS: S&P Lowers ICR to 'SD' on Bond Maturity Extension
------------------------------------------------------------------
S&P Global Ratings on March 15 lowered its issuer credit rating on
Vancouver-based Imperial Metals Corp. to 'SD' (selective default)
from 'CCC-'. At the same time, S&P lowered its issue-level rating
on the company's senior unsecured notes to 'D' (default) from
'CC'.

The downgrade follows Imperial Metals Corp.'s announcement that the
company has extended the maturity of its US$325 million senior
unsecured notes due March 15, 2019, to Sept. 15, 2019. As per S&P
Global Ratings criteria, the extension of the maturity on the notes
(the US$226.5 million portion of the notes) constitutes investors
receiving less value than originally promised.

"The extension, in our view, was necessary to avoid a legal default
on the notes, rather than purely for opportunistic reasons. In our
view, the maturity extension is tantamount to a selective default,
resulting in the 'SD' issuer credit rating on Imperial Metals, and
'D' issue-level rating on the unsecured notes," S&P said.

As part of the announcement, Imperial Metals also extended the
maturities of all of its credit facilities, which were also due on
March 15, 2019, and refinanced the US$98.5 million (subscribed by
Edco Capital Corp.) of notes held by non-affiliates of the company
on terms consistent with those on the remaining notes outstanding.
S&P believes the maturity extension was necessary to facilitate the
full repayment of Imperial Metals' debt. S&P believes that the
company's recently announced sale of a 70% interest in the Red
Chris mine for US$807 million (expected to close in third-quarter
2019) would allow Imperial Metals to repay all of its
extended/refinanced debt in full when it comes due in September
2019.

S&P expects to reassess its ratings on the company with more
information regarding the pending closing of its transaction with
Newcrest Mining Ltd. and related debt repayment.


INNOVAK INTERNATIONAL: $10K Sale of Cadillac ATS to Remington OK'd
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of South Carolina
authorized Innovak International, Inc.'s sale of its white 2014
Cadillac ATS, VIN 1G6AE5S31EO109443 to Robert J. Remington for
$10,000.

There are no liens claimed against said property.

The stay provided by Fed. R. Bankr. P. 6004 does not apply to the
sale.

                 About Innovak International

Innovak International sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.S.C. Case No. 18-00768) on Feb. 16, 2018.
In the petition signed by Robert Remington, president, the Debtor
estimated assets of less than $50,000 and liabilities of less than
$100,000.  Judge Helen E. Burris oversees the case.  POHL, PA, is
the Debtor's counsel.


INNOVAK INTERNATIONAL: $5K Private Sale of Assets to Watson Okayed
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of South Carolina
authorized Innovak International, Inc.'s private sale of assets to
David Watson for $5,000.

The Assets are comprised of the following:

               Asset            Appraisal Value
               -----            ---------------
       Accounts Receivables           $80
            Inventory                $500
        Customer Contracts         $1,000
         2004 Ford F150            $3,000
     (VIN: 1FTPW12596FA27165)
         Mileage: 258,697
           Customer List             $100
              Website                $100
         Telephone number             $20
             Goodwill                $100
            Trademark                $100

The sale is free and clear of liens.

The stay provided by Fed. R. Bankr. P. 6004 does not apply to the
sale.

                 About Innovak International

Innovak International sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. S.C. Case No. 18-00768) on Feb. 16,
2018.  In the petition signed by Robert Remington, president, the
Debtor estimated assets of less than $50,000 and liabilities of
less than $100,000.  Judge Helen E. Burris oversees the case.
POHL, PA, is the Debtor's counsel.


INTELLIPHARMACEUTICS: Needs Capital to Remain as Going Concern
--------------------------------------------------------------
Intellipharmaceutics International Inc. filed its Form 6-K,
disclosing a Net Loss and Comprehensive Loss of $13,747,480 on
$1,712,731 of Revenues for the year ended Nov. 30, 2018, compared
to a Net Loss and Comprehensive Loss of $8,857,440 on $5,504,452 of
Revenues in 2017.

The Company states, "Our business requires substantial capital
investment in order to conduct the R&D, clinical and regulatory
activities necessary and to defend against patent litigation claims
in order to bring our products to market and to establish
commercial manufacturing, marketing and sales capabilities.  In the
event that we do not obtain sufficient additional capital, it will
raise substantial doubt about our ability to continue as a going
concern and realize our assets and pay our liabilities as they
become due."

At Nov. 30, 2018 the Company had total assets of $11,474,227, total
liabilities of $7,371,920, and $4,102,307 in total shareholders'
equity.

A copy of the Form 6-K is available at:

                       https://bit.ly/2J1RBMn

Intellipharmaceutics International Inc., a pharmaceutical company,
researches, develops, and manufactures novel and generic
controlled-release and targeted-release oral solid dosage drugs in
Canada. It develops various drug delivery systems and a pipeline of
products based on its patented Hypermatrix technology in
therapeutic areas.  It has a license and commercialization
agreement with Par Pharmaceutical Inc.  The Company was founded in
1998 and is based in Toronto, Canada.



ISMAIL ARSLANGIRAY: Plan Admin's $1.1M Sale of Dupont Property OK'd
-------------------------------------------------------------------
Judge Mary Jo Heston of the U.S. Bankruptcy Court for the Western
District of Washington authorized Mark D. Waldron, the plan
administrator ("PA") for the estate of Ismail Arslangiray, to sell
the estate's interest in Dupont Town Square Development LLC, which
owns unimproved land commonly referred to as Barksdale Avenue and
Steilacoom Road in the City of Dupont, Washington, designated as
Tax Parcel Nos. 0119362043, 0119362009, 0119362039 and 0119362012,
to Cadence Development, LLC for $1.1 million, all cash at closing,
and pursuant to the additional terms of the Purchase and Sale
Agreement.

In the event Cadence Development withdraws its offer for any reason
or fails to close by June 2, 2019, then the Plan Administrator is
authorized to sell the Estate's interest in the subject property
for $750,000, all cash at closing, and pursuant to the additional
terms of sale as set forth in the Purchase and Sale Agreement, to
Mustard Seed Legacy Development, LLC and/or Assigns, or to any
third party buyer who is unrelated to the Debtor or anyone
connected with the case and who will actually complete the sale at
that price or higher, as determined by the Plan Administrator.

The sale is free and clear of any interest.  Unless paid at closing
and satisfied thereby, each lien or encumbrance will attach to the
proceeds, after payment of costs of sale and the like.  However,
the property will not be transferred free and clear of real
property tax liens related to tax year 2019 not yet due and owing.


The Plan Administrator, at closing, is authorized but not required
to pay all costs of sale, including commissions, escrow fees, title
insurance, real property taxes, and the like.  After payment of all
closing costs and reconciliation of the accounting by Dupont Town
Square, the Debtor's one-third share of the net proceeds will be
distributed to Plan Administrator for distribution to creditors
according to the confirmed Chapter 11 Plan.

Pursuant to an Order entered on Aug. 24, 2018, the Debtor is
ordered to cooperate with the efforts to sell the property and not
to interfere with such efforts.

The sale is subject to that certain Order confirming the Chapter 11
Plan of Ismail Arslangiray, and therefore exempt from excise
taxes.

Notwithstanding Bankruptcy Rule 6004(h), the Order will be
effective immediately after its entry, absent a stay pending
appeal.

                  About Ismail Arslangiray

Ismail Arslangiray sought Chapter 11 protection (Bankr. W.D. Wash.
Case No. 11-42290) on March 24, 2011.  

The Debtor's Chapter 11 Plan was confirmed in 2013.  The Court
appointed Mark D. Waldron as the plan administrator for the estate
of the Debtor.

As of January 2019, all assets of the bankruptcy estate have been
liquidated or abandoned
except for the following four assets: (1) Debtor's personal
residence located at 2906 North 30th Street, Tacoma, WA 98407, (2)
Debtor's 92.8 percent ownership in the outstanding shares of stock
in Dupont Grocery, Inc., (3) certain cash being held by the Plan
Administrator in the Estate account, and (4) Debtor's one-third
ownership interest in Dupont Town Square, LLC, which holds title to
certain vacant real property located in the City of Dupont,
Washington.


JACK DEPONT: $180K Sale of Shady Side Property to Irving Approved
-----------------------------------------------------------------
Judge Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland authorized Jack Joseph DePont and Lee Dufief
to sell the improved real estate located at 1208 and 1210 Holly
Ave., Shady Side, Maryland to Lisa Sidney Irving for $180,000.

The provisions of the Order authorizing the sale of the Property
free and clear of liens and other interests will be
self-executing.

Jack Joseph DePont and Lee Dufief DePont sought Chapter 11
protection (Bankr. D. Md. Case No. 15-18136) on June 8, 2015.  On
Jan. 13, 2016, the Debtors' Plan was confirmed by the Court.


KHRL GROUP: Judge Sets March 21 Final Cash Collateral Hearing
-------------------------------------------------------------
The Hon. Ronald B. King of the U.S. Bankruptcy Court for the
Western District of Texas authorized KHRL Group, LLC, and Papa
Grande Gourmet Foods, LLC to use cash collateral for the period of
Feb. 25, 2019 through the date of the final hearing on the Motion
which is currently set for March 21, 2019, at 2:00 p.m.

To the extent that the Debtors are authorized to use cash
collateral to pay actual expenses in accordance with the Budget,
the Debtors will not exceed the budgeted amount by more than 10%
per line item, and 5% in the cumulative aggregate level of expenses
authorized in the Budget through the end of each two week period
following the petition date, absent the written consent of
TransPecos or further order of the Court.

Transpecos Banks SSB asserts that it is the holder of security
interests, liens and mortgages in all or substantially all of the
Debtors' property, including, but not limited to: (i) the real
property and improvements thereon owned by KHRL; and (ii) all
tangible and intangible property of the Debtors pursuant to that
certain:

      (a) Promissory Note in the original principal amount of $5
million, secured by a Deed of Trust on the real property owned by
KHRL and a Security Agreement granting a lien on all or
substantially all of the assets of the Debtors;

      (b) Term Note in the original principal amount of $1.5
million, secured by a Deed of Trust on the Real Property and
Security Agreement granting a lien on all or substantially all of
the assets of the Debtors; and

      (c) Revolving Credit Note in the original principal amount of
$750,000, secured by a Security Agreement granting a lien on all or
substantially all of the Debtors' assets.

TransPecos asserts that as of the Petition Date, Debtors were
indebted and liable to it under the Loan Agreements in the
principal amount of $5,981,914.93 plus interest of $30,101.62 as of
the Petition Date. The approximate outstanding balances on the
loans are as follows: (a) Real Estate Loan: Principal:
$4,536,058.04, Interest: $26,937.90, with a per diem of $997.70.
(b) Equipment Loan: $730,950.06, Interest: $3,152.25, with a per
diem of $116.75; and (c) Principal: $714,906.83, Interest:
$3,834.00, with a per diem of $142.00.

TransPecos is hereby granted valid, perfected, and enforceable
replacement security interests in and liens and mortgages upon all
categories of property of the Debtors and their estates, whether
now existing or hereafter acquired or arising, upon which
TransPecos held valid, perfected and enforceable prepetition liens,
security interests, and mortgages, and all proceeds, rents,
products, or profits thereof, including, without limitation, the
Collateral owned by the Debtors as of the Petition Date. Said
Adequate Protection Liens are and will be (i) in addition to all
security interests, liens, mortgages, and rights to set off
existing in favor of TransPecos on the Petition Date; (ii) in the
same priority as prepetition to the extent that prepetition liens,
security interests, and mortgages are valid, perfected, enforceable
and nonavoidable; and (iii) are and will be valid, perfected,
enforceable, and effective as of the Petition Date without any
further action by the Debtors or TransPecos.

In addition, TransPecos will receive, as adequate protection to the
extent of the diminution in value of its perfected interests in the
Cash Collateral, a claim pursuant to Section 507(b) of the
Bankruptcy Code.

During the term of the Order:

      (a) The Cash Collateral will be maintained in accounts with
the Bank until the next interim or final cash collateral hearing or
further order of the Court. TransPecos will manage Debtors' bank
accounts in the ordinary course of business and consistent with the
existing practices and policies generally applicable to its other
customers.

      (b) The Debtors will timely file their Monthly Operating
Reports and all reports, documents, materials including financial
reports as may be required in the Interim Order, the Loan Documents
and such other, and further allow access to the Debtors' books and
records, advisors and professionals as may be reasonably requested
by TransPecos from time to time.

      (c) The Debtors will maintain and keep the property and all
other property constituting the Collateral in good repair and
condition, make all necessary replacements thereof, operate the
property safely, efficiently, and in compliance with all applicable
laws, codes and ordinances, and not commit any waste in connection
with any Collateral or operation of the property.

A copy of the Order is available at

               http://bankrupt.com/misc/txwb19-50391-18.pdf

                       About KHRL Group

Papa Grande Gourmet Foods, LLC, doing business as Garcia Foods --
http://garciafoods.com/-- is a producer of a growing line of
Mexican food products including tamales, fajitas, chorizo, shredded
chicken, picadillo, carne guisada, carnitas, chili, refried beans,
and rice.  The Garcia Foods was founded in 1956 by Andy Garcia.

KHRL Group, LLC, owns the real estate used in the business.

Affiliates KHRL Group, LLC, and Papa Grande Gourmet Foods filed
voluntary petitions seeking relief under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case Nos. 19-50390 and 19-50391)
on Feb. 25, 2019.  Joint administration of the cases has been
requested.  In the petitions signed by Kenneth D. Garcia, member,
both debtors estimated their assets and liabilities under $10
million.  At the time of filing, both debtors estimated their
assets and liabilities under $10 million.  The Hon. Ronald B. King
is the case judge.  Ronald J. Smeberg, Esq., at The Smeberg Law
Firm, PLLC, is the Debtor's counsel.


KING FARMS: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of King Farms as of March 15, according to a
court docket.
    
                         About King Farms

King Farms sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Tenn. Case No. 19-10139) on Jan 22, 2019.  The
case has been assigned to Judge Jimmy L. Croom.  Strawn Law Firm is
the Debtor's legal counsel.


KPH CONSTRUCTION: Seeks Final Approval to Use Cash Collateral
-------------------------------------------------------------
KPH Construction, Corp., KPH Environmental, Corp. and KPH
Construction Services, LLC request the U.S. Bankruptcy Court for
the Eastern District of Wisconsin for authorization on a final
basis to use cash collateral in the ordinary course of their
businesses.

Based upon a preliminary review of the KPH Debtors' internal
documents, two parties potentially have an interest in cash
collateral: (i) BMO Harris Bank for its $2 million line of credit
to KPH Construction, and (ii) Liberty Mutual for its $5.4 million
indemnification claim.

BMO holds mortgages on two commercial real estate properties owned
by affiliates of the KPH Debtors, located at l estate located at
1237 W. Bruce St., Milwaukee, Wisconsin 53204 (Bruce Street
Property) and 216 South 2nd Street, Milwaukee, Wisconsin 53204 (2nd
Street Property). BMO also has assignments of two life insurance
policies owned by Keith Harenda with The Ohio National Life
Insurance Company and Northwestern Mutual with net cash values of
$223,142 (as of May 2, 2018) and $33,640 (as of Dec. 1, 2018),
respectively.

The KPH Debtors submit that the value of BMO's Collateral is
greater than its claim of $2 million. Moreover, the interest and
other obligations owed BMO are current.

While the Debtors granted certain liens to Liberty Mutual under the
bond agreements several years ago, the KPH Debtors contend that
Liberty Mutual does not have a secured interest in cash collateral
because there is no collateral for its purported lien to attach and
because any lien is voidable as a preference.

The Debtors propose the following adequate protection:

      (a) BMO and Liberty Mutual are granted replacements liens of
the same priority to the same extent and in the same collateral as
it had pre-petition. Neither can improve its collateral position.

      (b) The Debtors will provide the following reports of their
receipts and disbursements once a month consistent with the
Debtors' monthly reporting requirements for chapter 11 debtors plus
a list of accounts receivable by aging and a list of accounts
payable with subcontractors owed that may be owed from the accounts
receivable that may constitute trust funds to the Bank, Liberty
Mutual and Attorney David Turiciano on a weekly basis.

      (c) The Debtors will continue to honor their pre-petition
leases for the Bruce Street Property, including payment of rents,
utility charges, real estate taxes and insurance even if they
accrued pre-petition.

      (d) The Debtors will continue to make timely payments of
interest only at the contract rate of approximately $10,000 per
month to BMO.

      (e) The Debtors will continue to comply with loan terms with
BMO except as they conflict with the Bankruptcy Code and the order
approving the use of cash collateral.

A full-text copy of the Debtors' Motion is available at

             http://bankrupt.com/misc/wieb19-20939-39.pdf

                   About KPH Construction Corp.

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 companies collectively employ approximately 30
people in the operations of their construction business at projects
throughout Wisconsin.

KPH Construction Corp., based in Milwaukee, WI, filed a Chapter 11
petition (Bankr. E.D. Wis. Lead Case No. 19-20939) on Feb. 6, 2019.
In the petition signed by Keith P. Harenda, president, debtor KPH
Construction Corp. estimated $1 million to $10 million in assets
and $10 million to $50 million in liabilities.  The Hon. Beth E.
Hanan oversees the case.  Evan P. Schmit, Esq. at Kerkman & Dunn,
serves as bankruptcy counsel.


LANDING AT BRAINTREE: TOB Files Limited Objection to Disclosures
----------------------------------------------------------------
Creditor Town of Braintree filed a limited objection to Landing at
Braintree, LLC's disclosure statement.

The Town complains that, among other things, the Disclosure
Statement and proposed Plan of Reorganization fail to provide
adequate information relative to the amounts to be paid by the
Debtor toward under its obligations to the Town.

The Disclosure Statement and Plan provide that the Town will be
paid on a monthly basis in the amount of $976.17 per month over a
60-month period.

Utilizing the figures listed in the Disclosure Statement, while the
amounts due as of the petition date would be paid, approximately
$22,000 in post-petition interest would remain outstanding. In
order to fully amortize the secured portion of the claim over 60
months, monthly payments of approximately $1,344.29 will be
required.

To the extent that the Disclosure Statement provides for payment of
less than the full amount of all interest, fees and costs required
to be paid by the Debtor, the Town objects to such, where its
legal, equitable and statutory rights to which it is entitled would
be improperly altered.

In the event that all the necessary information is provided and the
changes and clarifications sought by the Town are reasonably
accommodated, the Town may, at its discretion, withdraw this
objection.

A copy of the Town's Limited Objection is available at
https://tinyurl.com/y4delemp from Pacermonitor.com at no charge.

The Troubled Company Reporter previously reported that the sole
claim in Class 1 is the secured claim of the Town of Braintree.
Braintree is the holder of the Property Tax Lien and water liens on
the real estate. The Debtor will pay this claim through the Plan
over a period of 60 months at $976.17 per month. This Class is
impaired.

A full-text copy of the Disclosure Statement dated February 5,
2019, is available at https://tinyurl.com/yxac4jlv from
PacerMonitor.com at no charge.

Counsel for The Town of Braintree:

     John D. Finnegan, (BBO#646824)
     HILL LAW
     6 Beacon Street, Suite 600
     Boston, MA 02108
     (617) 494-0800
     jfinnegan@danhilllaw.com

               About 10 Homestead Avenue

10 Homestead Avenue's principal assets are located at 10 Homestead
Avenue Quincy, MA 02169. Landing at Braintree's principal assets
are located at Units 125-139B, Commercial Street Braintree, MA
02184.

10 Homestead Avenue, LLC, and its affiliate Landing at Braintree,
LLC, filed voluntary petitions seeking relief under Chapter 11 of
the Bankruptcy Code (Bankr. D. Mass. Case no. 18-14158 and Bankr.
D. Mass. Case No. 18-14159, respectively) on Nov. 6, 2018.  In the
petitions signed by William T. Barry, manager, the Debtors
estimated $1 million to $10 million in assets and liabilities.

Judge Frank J. Bailey presides over Case No. 18-14158 while the
Hon. Christopher J. Panos presides over Case No. 18-14159.

The Ann Brennan Law Offices serves as the Debtors' counsel.  The
Law Office of Lipman & White, is the special counsel.


LANDING AT BRAINTREE: U.S. Trustee Objects to Disclosure Statement
------------------------------------------------------------------
William K. Harrington, United States Trustee for Region 1,
complains that the disclosure statement submitted by Landing at
Braintree, LLC, fails to provide adequate and meaningful
information concerning the proposed plan of reorganization.

The Trustee points out that regarding the secured claim of
Northeast Bank (Class Two), the Debtor proposes to make payments
from the sale of real estate in the related chapter 11 case of 10
Homestead Avenue, LLC (18-14158 FJB); however, there is no
information regarding the listing prices, timeframe for the sales,
the mechanism by which the sale proceeds will be distributed, or
the alternatives in the event that some or all of the contemplated
sales are unsuccessful.

The Trustee asserts that any unpaid post-petition obligations are
likely to have an adverse effect upon the feasibility of the Plan
and should therefore be disclosed.

The Trustee further asserts that the Debtor should also correct any
typographical errors in the Plan and Disclosure Statement.

                     About 10 Homestead Avenue

10 Homestead Avenue's principal assets are located at 10 Homestead
Avenue Quincy, MA 02169. Landing at Braintree's principal assets
are located at Units 125-139B, Commercial Street Braintree, MA
02184.

10 Homestead Avenue, LLC, and its affiliate Landing at Braintree,
LLC, filed voluntary petitions seeking relief under Chapter 11 of
the Bankruptcy Code (Bankr. D. Mass. Case no. 18-14158 and Bankr.
D. Mass. Case No. 18-14159, respectively) on Nov. 6, 2018.  In the
petitions signed by William T. Barry, manager, the Debtors
estimated $1 million to $10 million in assets and liabilities.

Judge Frank J. Bailey oversees Case No. 18-14158 while the Hon.
Christopher J. Panos presides over Case No. 18-14159.

The Ann Brennan Law Offices serves as the Debtors' counsel.  The
Law Office of Lipman & White, is the special counsel.


LBU FRANCHISES: Taps Leslie Taylor as Accountant
------------------------------------------------
LBU Franchises Corporation received approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire Leslie
Taylor as its accountant.

The services to be provided by the accountant include monthly
bookkeeping, bank reconciliations, and preparation of 941 returns
and monthly financial statements.

Mr. Taylor will charge a flat fee of $600 per month for his
services.

Mr. Taylor does not represent any interest adverse to the Debtor
and its bankruptcy estate, according to court filings.

                    About LBU Franchises Corp.

LBU Franchises Corporation filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Tex. Case No. 18-36106) on Nov. 2, 2018, estimating
less than $1 million in assets and liabilities.  

The case has been assigned to Judge Jeffrey P. Norman.  The Gerger
Law Firm PLLC, led by principal Alan Gerger, Esq., serves as the
Debtor's counsel.  

No official committee of unsecured creditors has been appointed in
the Debtor's bankruptcy case.


LE DIETRICH: Proposed March 23 Auction of Personal Property Okayed
------------------------------------------------------------------
Judge Robert E. Grant of the U.S. Bankruptcy Court for the Northern
District of Indiana authorized L.E. Dietrich, Inc.'s sale of
personal property by auction to take place on March 23, 2019 at
10:00 a.m. at 1587 West North Street, Kendallville, Indiana, the
location where personal property is located.

The sale will be free and clear of any liens, with any liens to
attach to the proceeds of the sale.

The Debtor is authorized to pay the customary costs of auction and
the Auctioneer's fees and expenses, and to sign documents necessary
to effectuate closing and sale of the personal property.

                       About L.E. Dietrich

L.E. Dietrich, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ind. Case No. 18-12265) on Nov. 27,
2018.  In the petition signed by its president, Bridget A. Wengert,
the Debtor estimated assets of less than $50,000 and liabilities of
less than $1 million.  The case is assigned to Judge Robert E.
Grant.  The Debtor tapped Haller & Colvin, PC, as its legal
counsel.


LINEAGE LOGISTICS: S&P Alters Outlook to Stable on Preferred Deal
-----------------------------------------------------------------
S&P Global Ratings on March 15 revised its outlook on Lineage
Logistics LLC to stable from positive.

The outlook revision follows Lineage's announcement that it has
entered into an agreement to acquire Preferred Freezer Services.
Like Lineage, Preferred Freezer is a cold storage logistics firm
that mainly operates refrigerated warehouses in the U.S. It also
arranges transportation services for its customers. Although the
company has not disclosed final terms, S&P expects the transaction
to be financed with a combination of additional debt and an equity
contribution from the Lineage's existing owners.

"Our outlook on Lineage is stable. Although the company will
benefit from increased scale and a broader geographic footprint, we
believe that its credit metrics will remain elevated through 2019,
with debt to EBITDA of at least 10x and funds from operations (FFO)
to debt in the mid-single-digit percent area, in line with our
expectations for reported 2018 metrics," S&P said. However, S&P
expects credit metrics to improve in 2020 as the company realizes
full contributions from its recent acquisitions, with EBIT margins
improving to the mid-teens percent area from the low-teens percent
area in 2019, debt to EBITDA declining to the mid-7x area, and FFO
to debt increasing to the high-single-digit percent area.

S&P said it could raise its rating on Lineage over the next 12
months if the company successfully closes and integrates its
proposed acquisition of Preferred Freezer, resulting in improved
operating efficiency and profitability. In order to raise the
rating, S&P said it would need to see EBIT margins in the low teens
percent area and debt to EBITDA in the 7x area on a sustained
basis.

S&P said it could lower its rating over the next 12 months if the
company's credit metrics decline, with debt to EBITDA increasing
above 10x on a sustained basis. "This would most likely result from
increased labor costs or significant customer attrition, or if the
company encounters unexpected operational problems while
integrating its recently acquired facilities. It could also occur
if Lineage pursues additional debt-financed acquisitions," S&P
said.


LUBY'S INC: Bandera Master Has 8.2% Stake as of Feb. 1
------------------------------------------------------
Bandera Master Fund L.P. disclosed in a Schedule 13D/A filed with
the Securities and Exchange Commission that as of Feb. 1, 2019, it
beneficially owned 2,431,745 shares of common stock of Luby's Inc.,
constituting approximately 8.2% of the Shares outstanding.  By
virtue of their respective relationships with Bandera Master Fund,
each of Bandera Partners LLC, Gregory Bylinsky and Jefferson Gramm
may be deemed to beneficially own the Shares owned directly by the
Master Fund.

The aggregate percentage of Shares reported owned by each person
named herein is based upon 29,762,888 shares of Common Stock
outstanding, which is the total number of shares of Common Stock
outstanding as of Jan. 23, 2019 as reported in the Issuer's Annual
Report on Form 10-K/A filed with the Securities and Exchange
Commission on Jan. 28, 2019.

The Shares purchased by Bandera Master Fund were purchased with
working capital (which may, at any given time, include margin loans
made by brokerage firms in the ordinary course of business) in open
market purchases, except as otherwise noted.  The aggregate
purchase price of the 2,431,745 Shares owned directly by Bandera
Master Fund is approximately $6,349,215, including brokerage
commissions.

The Shares purchased by Mr. Gramm were purchased using personal
funds.  The aggregate purchase price of the 10,000 Shares owned
directly by Mr. Gramm is approximately $44,660, including brokerage
commissions.

A full-text copy of the regulatory filing is available for free at:
https://is.gd/tY6y9O

                          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 $208.9
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.


MACQUARIE INFRASTRUCTURE: S&P Cuts ICR to BB+ on Weak Performance
-----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Macquarie
Infrastructure Corp. (MIC) and subsidiary ITT Holdings LLC (IMTT),
which it now rates on a consolidated basis, to 'BB+' from 'BBB-'.

At the same time, S&P lowered its issue-level ratings to 'BB+' from
'BBB-' and assigned a '3' recovery rating on MIC and IMTT's senior
unsecured debt.

The rating action affects nearly $750 million (outstanding) of
senior convertible notes due 2019 and 2023 at MIC. S&P estimates
about $25 million are currently drawn, or posted, on a $600 million
unrated senior secured revolver facility.

"The stable outlook reflects our view that MIC's consolidated
financial profile will reflect debt to EBITDA of less than 5.0x,
and adjusted FFO to debt of about 14%. The outlook factors MIC's
ability to extend debt maturities at all its operating
subsidiaries, but also considers that utilization rates at IMTT
will need to improve to historical levels without a significant
decline in average tariffs," S&P said.  "While we think there is
uncertainty surrounding IMTT's ability to regain lost utilization
levels, that risk is balanced by management's decision to
deleverage IMTT as it executes its repurposing."

IMTT's stand-alone credit profile is predicated on execution risks
that include its ability to repurpose tanks to cleaner products in
a timely manner, its ability to renew repurposed or expiring
contracts, and eventually increasing utilization rates. S&P expects
the company to maintain adjusted debt to EBITDA in the 4.2x-4.4x
range and FFO to debt in the 17%-20% range. Important to this
financial performance is IMTT's ability to improve utilization
above 90%.

S&P could lower the rating if MIC's underlying businesses continue
to underperform, especially if consolidated adjusted debt to-
EBITDA exceeds 5.0x on a sustained basis, or if FFO to debt falls
to less than 12%. This could happen if utilization rates at IMTT
continue to remain lower than 85%, if IMTT is unable to repurpose
tanks to cleaner products in the time it expects, and whether the
company can secure customers for repurposed tankage and/or expiring
contracts. Also, Atlantic Aviation is particularly susceptible to
decreasing EBITDA when the U.S. economy contracts.  

Higher ratings are unlikely in the near term, but S&P could revise
the outlook to positive, and higher ratings could follow, if MIC
diversifies its asset base via conservatively financed acquisitions
that would generate stable cash flow, lower its exposure to its
investments IMTT and Atlantic Aviation FBO Inc., and improved
consolidated leverage to less than 4.25x.


MAGNUM CONSTRUCTION: U.S. Trustee Forms 3-Member Committee
----------------------------------------------------------
The U.S. Trustee for Region 21 on March 14 appointed three
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case of Magnum Construction Management, LLC.

The committee members are:

     (1) Terry Hanson and Randy Hanson  
         For Kevin Lee Hanson
         c/o Paul Layne   
         Silva & Silva
         236 Valencia Avenue
         Coral Gables, FL 33134
         Phone: 305-445-0011
         Fax: 305-445-1181
         Email: Playne@silvasilva.com

     (2) Chelsa Brownfield as Personal Representative
         Of the Estate of Brandon Brownfield
         c/o Paul Layne   
         Silva & Silva
         236 Valencia Avenue
         Coral Gables, FL 33134
         Phone: 305-445-0011
         Fax: 305-445-1181   
         Email: Playne@silvasilva.com

     (3) Ceres Environmental Services, Inc.  
         c/o Daniel Te Young   
         Law Office of Daniel Te Young, P.A.
         1600 South Federal Highway, Suite 570
         Pompano Beach, FL 33062
         Phone: 954-866-3570
         Fax: 954-866-3571   
         Email: Daniel@danielteyoung.com

Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

             About Magnum Construction Management LLC

Magnum Construction Management, LLC -- https://www.mcm-us.com –-
is a construction company specializing in heavy civil construction
in the areas of transportation, airport infrastructure, roads,
bridges, government buildings and schools.  The Debtor is
headquartered in South Miami, Florida, but also has offices in (i)
Broward County, Florida, and (ii) Irving, Texas.  As of the
Petition Date, MCM employs a total of 292 people.

Magnum Construction Management filed a voluntary petition under
Chapter 11 of the U.S. Bankruptcy Code (Bankr S.D. Fla. Case No.
19-12821) on March 1, 2019. In the petition signed by Gilberto
Ruizcalderon, chief financial officer, the Debtor estimated $50
million to $100 million in assets and $10 million to $50 million in
liabilities. The Debtor is represented by Paul A. Avron, Esq., at
Berger Singerman LLP.


MAIREC PRECIOUS: 366 Processing Appointed as New Committee Member
-----------------------------------------------------------------
The Office of the U.S. Trustee on March 15 appointed 366 Processing
Service, Inc. as new member of the official committee of unsecured
creditors in the Chapter 11 case of Mairec Precious Metals U.S.,
Inc.

366 Processing can be reached through:

     Doug Meece
     366 Processing Service, Inc.
     5115 Highway 80
     Somerset, KY 42501
     Email: dmeece@366international.com

The bankruptcy watchdog had earlier appointed Commerzbank AG, PGM
of Texas, Davis Recycling Inc. and Unicredit Bank, AG, court
filings show.

              About Mairec Precious Metals U.S., Inc.

Mairec Precious Metals U.S., Inc. specializes in the recovery of
precious metals including gold, silver, platinum, palladium or
rhodium from various materials containing them.  The Company
collects and recycles car catalysts, industrial catalysts,
electronic scrap, various sweeps and concentrates and other
industrial waste.

Mairec Precious Metals U.S. filed for Chapter 11 bankruptcy
protection (Bankr. D.S.C. Case No. 19-01198) on March 1, 2019. In
the petition signed by David M. Baker, chief restructuring officer,
the Debtor estimated $50 million to $100 million in assets and $10
million to $50 million in liabilities.

The case has been assigned to Judge Helen E. Burris.

The Debtor tapped McCarthy, Reynolds, & Penn, LLC as its counsel,
and SSG Advisors, LLC as its investment banker.


MANNKIND CORP: Deloitte & Touche LLP Raises Going Concern Doubt
---------------------------------------------------------------
MannKind Corporation filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K, disclosing a net loss of
$86,975,000 on $27,859,000 of total revenues for the year ended
Dec. 31, 2018, compared to a net loss of $117,333,000 on
$11,745,000 of total revenues for the year ended in 2017.

The audit report of Deloitte & Touche LLP states that the Company's
available cash resources and continuing cash needs raise
substantial doubt about its ability to continue as a going
concern.

The Company's balance sheet at Dec. 31, 2018, showed total assets
of $107,705,000, total liabilities of $282,787,000, and a total
stockholders' deficit of $175,082,000.

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

                       https://bit.ly/2VWPeMd

MannKind Corporation is a biopharmaceutical company focused on the
development and commercialization of inhaled therapeutic products
for patients with diseases such as diabetes and pulmonary arterial
hypertension. The company is based in Westlake Village, California.



MESOBLAST LIMITED: M&G Investment Reports 13.67% Stake
------------------------------------------------------
M&G Investment Management Limited disclosed in a Schedule 13G/A
filed with the Securities and Exchange Commission that as of Dec.
31, 2018, it beneficially owns 67,993,821 shares of common
stock/American Depositary Receipt of Mesoblast Limited, which
represents 13.67 percent of the shares outstanding.  M&G Investment
Funds also reported beneficial ownership of 59,692,470 Shares.

All the securities covered by this report are legally owned by
MAGIM's investment advisory clients and none are directly owned by
MAGIM.  M&G Investment Funds is an open-end investment company with
variable capital, incorporated in England and Wales and authorized
by the Financial Conduct Authority.  It is not registered with the
Securities Exchange Commission under the Investment Company Act of
1940.

A full-text copy of the regulatory filing is available for free at:
https://is.gd/bXTHDx

                        About Mesoblast

Headquartered in Melbourne, Australia, Mesoblast Limited (ASX:MSB;
Nasdaq:MESO) -- http://www.mesoblast.com/-- is a global developer
of innovative cell-based medicines.  The Company has leveraged its
proprietary technology platform to establish a broad portfolio of
late-stage product candidates with three product candidates in
Phase 3 trials - acute graft versus host disease, chronic heart
failure and chronic low back pain due to degenerative disc disease.
Through a proprietary process, Mesoblast selects rare mesenchymal
lineage precursor and stem cells from the bone marrow of healthy
adults and creates master cell banks, which can be industrially
expanded to produce thousands of doses from each donor that meet
stringent release criteria, have lot to lot consistency, and can be
used off-the-shelf without the need for tissue matching.  Mesoblast
has facilities in Melbourne, New York, Singapore and Texas and is
listed on the Australian Securities Exchange (MSB) and on the
Nasdaq (MESO).

Mesoblast reported a net loss attributable to the owners of
Mesoblast of US$35.29 million for the year ended June 30, 2018,
compared to a net loss attributable to the owners of Mesoblast of
US$76.81 million for the year ended June 30, 2017.  As of Dec. 31,
2018, the Company had US$688.33 million in total assets, US$163.77
million in total liabilities, and US$524.55 million in total
equity.

PricewaterhouseCoopers, in Melbourne, Australia, the Company's
auditor since 2008, issued a "going concern" opinion in its report
on the consolidated financial statements for the year ended June
30, 2018.  The auditors noted that the Company has suffered
recurring losses from operations that raise substantial doubt about
its ability to continue as a going concern.


MESOBLAST LIMITED: Reports Financial Results for Qtr. Ended Dec. 31
-------------------------------------------------------------------
Mesoblast Limited has filed with the U.S. Securities and Exchange
Commission its quarterly report for entities subject to Listing
Rule 4.7B for the quarter ended Dec. 31, 2018.

At the beginning of the quarter, the Company had cash and cash
equivalents of US$55.14 million.  Net cash from operating
activities was US$2.02 million.  Net cash used in investing
activities was US$73,000.  Net cash from financing activities was
US$19.94 million.  As a result, the Company had US$77.02 million in
cash and cash equivalents at the end of the quarter.

On March 6, 2018, Mesoblast entered into a Loan and Security
Agreement with Hercules Capital, Inc. for a US$75.0 million secured
four-year credit facility.  Mesoblast drew the first tranche of
US$35.0 million on closing.  An additional US$15.0 million was
drawn during Q1 CY2019, and a further US$25.0 million may be drawn
on or before Q4 CY2019, as certain milestones are met.

             Loan facility with NovaQuest Capital

On June 29, 2018, Mesoblast entered into a Loan and Security
Agreement with NovaQuest Capital Management, L.L.C. for a
non-dilutive US$40.0 million secured eight-year term loan.
Mesoblast drew the first tranche of US$30.0 million of the loan on
closing. An additional US$10.0 million from the loan will be drawn
on marketing approval of remestemcel-L by the United States Food
and Drug Administration (FDA).

Prior to maturity in July 2026, the loan is only repayable from net
sales of remestemcel-L (MSC-100-IV) in the treatment of pediatric
patients who have failed to respond to steroid treatment for acute
Graft versus Host Disease (aGvHD), in the United States and other
geographies excluding Asia.  Interest on the loan will accrue at a
rate of 15% per annum with the interest only period lasting 4
years.  Interest payments will be deferred until after the first
commercial sale.  The financing is subordinated to the senior
creditor, Hercules Capital.

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

                       https://is.gd/YDPG8v

                         About Mesoblast

Headquartered in Melbourne, Australia, Mesoblast Limited (ASX:MSB;
Nasdaq:MESO) -- http://www.mesoblast.com/-- is a global developer
of innovative cell-based medicines.  The Company has leveraged its
proprietary technology platform to establish a broad portfolio of
late-stage product candidates with three product candidates in
Phase 3 trials - acute graft versus host disease, chronic heart
failure and chronic low back pain due to degenerative disc disease.
Through a proprietary process, Mesoblast selects rare mesenchymal
lineage precursor and stem cells from the bone marrow of healthy
adults and creates master cell banks, which can be industrially
expanded to produce thousands of doses from each donor that meet
stringent release criteria, have lot to lot consistency, and can be
used off-the-shelf without the need for tissue matching.  Mesoblast
has facilities in Melbourne, New York, Singapore and Texas and is
listed on the Australian Securities Exchange (MSB) and on the
Nasdaq (MESO).

Mesoblast reported a net loss attributable to the owners of
Mesoblast of US$35.29 million for the year ended June 30, 2018,
compared to a net loss attributable to the owners of Mesoblast of
US$76.81 million for the year ended June 30, 2017.  As of Dec. 31,
2018, the Company had US$688.33 million in total assets, US$163.77
million in total liabilities, and US$524.55 million in total
equity.

PricewaterhouseCoopers, in Melbourne, Australia, the Company's
auditor since 2008, issued a "going concern" opinion in its report
on the consolidated financial statements for the year ended June
30, 2018.  The auditors noted that the Company has suffered
recurring losses from operations that raise substantial doubt about
its ability to continue as a going concern.


MONGE PROPERTY: $730K Sale of Los Angeles Property Approved
-----------------------------------------------------------
Judge Ernest M. Robles of the U.S. Bankruptcy Court for the Central
District of California authorized Monge Property Investments,
Inc.'s sale of the real property located at 5908 Fayette Street,
Los Angeles, California to Quay Tran and Linda Lam for $730,000.

A hearing on the Motion was held on March 6, 2019 at 11:00 a.m.

The sale is free and clear of all liens, claims and interests.  Any
and all liens, claims and encumbrances and other interests
affecting the Subject Property will be paid out of escrow and if
not, will attach solely to the proceeds realized from the sale.

The bidding procedures as set forth in the Motion are approved.

The payment of commissions as set forth in the Motion is
authorized.

In addition to customary closing costs (including but not limited
to escrow and title charges, government recording and transfer
charges, etc.) and the broker commission, the followings claims
will be paid in full from escrow:

     a. Chase Bank - Chase Bank's claim is not disputed and
estimated to be $165,121 but subject to the submission of an
updated formal payoff demand by Chase Bank to the escrow company
(or to whatever appropriate entity), which will be the operative
document setting forth the total amount of the claim to be paid in
full through the sale.  The counsel for Chase Bank is expressly
authorized to obtain a copy of the HUD-1/Estimated Closing
Statement for review and approval, and Chase Bank reserves any and
all rights to pursue any default remedies it may have under the
parties' approved Claim Stipulation in the event the sale does not
close for any reason;

     b. Los Angeles County Treasurer and Tax Collector - estimated
to be $8,005 (regarding APN # 5485-008-030) plus any additional
penalties, interest and costs that the County is entitled to but
subject to revision based on the submission of a formal payoff
demand by the County to the escrow company (or to whatever
appropriate entity), which will be the operative document setting
forth the total amount of the claim to be paid in full through the
sale;

     c. IRS: estimated to be $210,762 ($151,323 postpetition
administrative claim plus $59,439 prepetition priority claim) plus
any additional penalties, interest and costs that the IRS is
entitled to through the date of payment but subject to revision
based on the submission of a formal payoff demand by the IRS to the
escrow company (or to whatever appropriate entity), which will be
the operative document setting forth the total amount of the claim
to be paid in full through the sale.

The automatic stay provisions of 11 U.S.C. Section 362 are modified
to the extent necessary to permit the consummation of the
transaction subject to the Order and in the purchase agreement.

The 14-day waiting period set forth in Bankruptcy Rule 6004(h) is
waived.

               About Monge Property Investments

Monge Property Investments, Inc., sought Chapter 11 protection
(Bankr. C.D. Cal. Case No. 12-29275) on May 31, 2012.  In the
petition signed by Ruben Monge, Jr., president, the Debtor
estimated assets in the range of $1 million to $10 million and up
to $500,000 in debt.  

Judge Thomas B. Donovan is assigned to the case.  

On April 9, 2018, an order granting a motion to withdraw Valensi
Rose, PLC, as counsel was entered.  The Debtor filed the
substitution of attorney on April 13, 2018.  Simon Resnik Hayes
LLC, is presently serving as counsel to the Debtor.

The Debtor's Second Amended Disclosure Statement Describing Second
Amended Chapter 11 Plan of Reorganization was approved by the Court
on Aug. 20, 2018.


MUNCHERY INC: Seeks Approval of Cash Collateral Stipulation
-----------------------------------------------------------
Munchery, Inc. seeks authorization from the U.S. Bankruptcy Court
for the Northern District of California of the Stipulation for the
use of Cash Collateral and the Debtor-in-Possession Credit Facility
for a period commencing on the petition date and ending on May 3,
2019.

The purpose of the DIP Financing is to fund Debtor's limited
operations and pay limited obligations (primarily its Premises
lease and salaries of its two employees) for an eight week period
to allow Debtor to close a sale transaction that will pay off most
of the Senior Secured Debt, while providing a limited carve-out for
costs of administration and for other creditors.

The Debtor and the Senior Secured Parties Comerica Bank and
TriplePoint Venture Grown BDC Corp. have agreed as follows:

      (a) The Debtor's use of Cash Collateral is governed by the
Senior Secured Parties' existing loan agreements with the Debtor,
subject to specific budget constraints set forth in the Approved
Budget.

      (b) The Debtor's access to financing under the DIP Credit
Facility is governed by the terms of the Stipulation and evidenced
by a new debtor-in-possession promissory note between Munchery and
TriplePoint. The maximum principal amount of the note is $300,000,
with interest accruing at a rate of 12.5% per annum. The maturity
date of the Debtor-in-Possess Credit Facility and related
promissory note is May 3, 2019. In addition to the new promissory
note, the Debtor will utilize funds held in a restricted account at
Comerica. The combined amount of the cash collateral and new money
is capped at $600,000.

      (c) The Senior Secured Parties will receive replacement liens
on and security interests in all assets and other property of the
Debtor's bankruptcy estate, with the same priority as their
respective pre-petition liens and security interests, subject to
the Carve-Out. The Senior Secured Parties will also receive a
super-priority claim to the extent permitted by Section 507(b) in
the amount of any post-petition loss/diminution.

      (d) TriplePoint will receive a priming lien on all Debtor's
assets, whether part of the Debtor's estate or subsequently
acquired, other than the proceeds received from any avoidance
actions under Chapter 5 of the Bankruptcy Code, subject to the
Carve-Out and the TriplePoint Subordination Agreement as such
agreement is modified by the terms of the Stipulation.

      (e) The Stipulation also provides for releases by the Debtor
in favor of the Senior Secured Parties and stipulates to the
validity of their loan amounts, security interests and liens
subject to a challenge period for the Committee and other parties
in interest (other than the Debtor);

      (f) The Senior Secured Parties agree to a Carve-Out for
certain administrative expenses, including expenses incurred by the
Debtor's professionals, the Committee's professionals, a fee for
James Beriker (if he successfully concludes a sale of substantially
all of the Debtor's assets to the Stalking Horse or an overbidder
and the Debtor subsequently consummates such sale), U.S. Trustee's
fees, as well as a recovery for the Debtor's general unsecured
creditors. The amount allocated to the Carve-Out is set forth in
the Stipulation and varies depending on the net sale proceeds
received by the Debtor in a sale of substantially all of the
Debtor's assets.

      (g) The Stipulation defines certain events of default and
provides that the Senior Secured Parties' consent to the Debtor's
use of Cash Collateral and TriplePoint's obligation to extend
credit under the DIP Credit Facility will terminate immediately
upon an event of default. If an event of default is not cured
within five business days, the Stipulation allows the Senior
Secured Parties to seek ex parte relief from stay based upon the
declaration of its counsel or representative, while providing
Debtor the opportunity to contest the existence of a default or
seek continued use of Cash Collateral.

A copy of the Debtor's Motion is available at

                   http://bankrupt.com/misc/canb19-30232-10.pdf

                           About Munchery

Munchery, Inc. d/b/a Munchery -- http://www.munchery.com/-- is a
food delivery startup offering "fresh, local, and delicious" meals
to its customers across the country.  On Jan. 21, 2019 Munchery
ceased business operations and all its employees were terminated.

Munchery filed a Chapter 11 petition (Bankr. N.D. Cal. Case No.
19-30232) on Feb. 28, 2019. The petition was signed by James
Beriker, president and CEO.  The case is assigned to Judge Hannah
L. Blumenstiel.  At the time of filing, Munchery estimated $1
million to $10 million in assets and $10 million to $50 million in
liabilities.

Munchery tapped Finestone Hayes LLP as its bankruptcy counsel;
Armanino LLP as its financial consultant; and Omni Management Group
as its noticing agent.


NAROLLAH GASHTILI: $720K Sale of Westlake Condo Units 203 & 207 OKd
-------------------------------------------------------------------
Judge Victoria S. Kaufman of the U.S. Bankruptcy Court for the
Central District of California authorized Nasrollah Gashtili's sale
of the real property located at 31194 La Baya Drive, Units 203 &
207, Westlake Village, California to David Harmon or Assignee for
$360,000 each, all cash.

A hearing on the Motion was held on Feb. 21, 2019 at 2:00 p.m.

Escrow is hereby authorized and instructed to pay the following
claims directly from the sale proceeds deposited into Escrow:

     1. All sums due and owing pursuant to a promissory note
secured by a first deeds of trust on Unit 203 in favor of the
Fourth Amended Revocable Living Trust of Krekor Garabet Tchakian
and Chake Tchakian dated Dec. 9, 2000, as to an undivided 100%
interest with an original principal balance of $180,000.

     2. All sums due and owing pursuant to a promissory note
secured by a first deeds of trust on Unit 207 in favor of the
Fourth Amended Revocable Living Trust of Krekor Garabet Tchakian
and Chake Tchakian Dated Dec. 9, 2000, as to an undivided 100%
interest with an original principal balance of $180,000.

     3. All outstanding pre and post-petition homeowners dues owed
by the Debtor to the Homeowners Association on Units 203 and 207.

     4. All outstanding, property taxes which were due and owing by
the Debtor prior to the close of Escrow on Unit 203 and 207.

     5. Commissions due and owing to NAI Capital and Beitler &
Associates.

     6. One-Half of fees and costs owed to Escrow in connection
with the sale of the La Baya Properties.

In addition to these payments, the Escrow will disburse and pay to
Vitavet Labs, Inc. All net proceeds.  The Buyer will receive no
Distribution from the sale of the La Baya Properties.

The closing date of the sale to Dave Harmon or Assignee will be
March 8, 2019.  If the sale to Dave Harmon does not close by 5:00
p.m. On March 8, 2019, or for any reason other than the fault of
the Debtor, the Debtor may retain the entire deposit amount
submitted by Dave Harmon without recourse by such bidder.  The
deposit will be held by Debtor pending further order of the Court.
The parties may mutually agree to extend the closing date of
escrow.

Other than the liens, judgments and encumbrances set forth, the
sale of the La Baya Properties is free and clear of liens, claims
and interests.  

The 14-day stay period set forth in Federal Rule of Bankruptcy
Procedure 6004(h) is waived.

Nasrollah Gashtili owner of two operating corporations and three
parcels of real property, sought Chapter 11 protection (Bankr. C.D.
Cal. Case No. 18-10715) on March 21, 2018.

Counsel for the Debtor:

        Andrew Goodman, Esq.
        GOODMAN LAW OFFICES
        A PROFESSIONAL CORPORATION
        6345 Balboa Boulevard, Suite L3 00
        Encino, CA 91316-1523
        Telephone: (818) 827-5169
        Facsimile: (818) 975-5256
        E-mail: agoodman@andyglaw.com


NEON PARENT: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings on March 15 assigned a 'B' issuer credit rating
to U.S.-based plastics distributor Neon Parent Inc (d/b/a Nexeo
Plastics) and said the outlook is stable.

S&P also assigned a 'B' issue-level rating to the company's
proposed $410 million of senior secured notes.  The recovery rating
is '3' and indicates S&P's expectation for meaningful (50%-70%;
rounded estimate 55%) recovery of principal in the event of a
default.  Neon Holdings, Inc. will be the issuer of the notes.  S&P
does not rate the $150 million asset-based loan (ABL) revolver,
which Nexeo Plastics also plans to issue.

Nexeo Plastics, previously a business of Nexeo Solutions LLC, which
was recently acquired by Univar Inc., is being sold to One Rock
Capital Partners, LLC for $640 million. The transaction will be
funded by the proposed ABL, senior secured notes, and equity from
the sponsor.

The stable outlook on Nexeo Plastics reflects S&P's view that
credit measures will remain appropriate for the current rating over
the next 12 months. Based on the rating, S&P expects the company to
maintain pro forma weighted-average debt to EBITDA of about 5x and
FFO to debt between 9%-12%. S&P expects that favorable demand
trends, including growing demand for plastics, capacity expansions
at plastic producers, and increased outsourcing to distributors,
will allow the company to sustain EBITDA growth. It expects
mid-single-digit revenue growth, supported by low-single-digit GDP
growth in the U.S. S&P does not believe the company will
significantly increase debt to fund large acquisitions or return
cash to owners.

S&P said it could lower the ratings within the next year if an
unfavorable product-mix shift or unexpected volume deterioration
leads to revenue contracting by 4% and EBITDA margins 100 basis
points below its expectations. S&P said this could happen if a key
supplier unexpectedly outsources its products to a competing
distributor or if demand for the products Nexeo Plastics
distributes declines, and if the company encounters additional
costs or difficulties transitioning to a stand-alone company. Such
a scenario would result in pro forma debt to EBITDA above 6.5x and
FFO to debt below 9%, with limited likelihood of improvement within
12 months. S&P said it could also lower ratings if the owners take
a dividend or pursue acquisitions, causing additional debt to push
leverage to this same level.

"We could take a positive rating action over the next 12 months if
the company's operating performance were much better than expected,
such that it sustained debt leverage below 5x or maintained FFO to
debt above 12% on a consistent basis. We could see such improved
performance if the underlying plastics industry grows well beyond
our expectations, if the product mix or selling prices improve, or
if cost reductions occur," S&P said. Before considering an upgrade,
S&P would also need to believe that management's financial policies
would support maintaining leverage below 5x.


NEW TRINITY COAL: U.S. Trustee Forms 5-Member Committee
-------------------------------------------------------
The Office of the U.S. Trustee on March 14 appointed five creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 case of New Trinity Coal Incorporated.

The committee members are:

     (1) John Yambrick
         c/o James Sheatsley, Esq.
         Cramer Security & Investigations, Inc.
         190 Templeview Drive
         Beckley, WV 25801
         (304) 256-0300 (John Yambrick)
         (304) 252-5321 (James Sheatsley)           
         jyambrick@cramersecurity.com
         jsheatsley@suddenlinkmail.com

     (2) Larry Tackett
         Guardco Security LLC
         P.O. Box 64
         Belfry, KY 41514
         606-353-4182
         606-353-6482 (Fax)
         guardcosecurity@bellsouth.net

     (3) Esther Duval
         CBIZ Valuation Group, LLC
         5 Bryant Park, 11th Floor
         New York, NY  10018
         212-790-5850
         eduval@CBIZ.com

     (4) Jordan D. Baldwin
         C.W. Campbell Company
         404 Ninth Street, Suite 203
         Huntington, WV 25701
         681-378-0959
         681-204-3965 (Fax)
         Jbaldwin.francistrust@gmail.com

     (5) Kyle Cox
         Mingo Wyoming Coal Land Company
         20 McJunkin Road
         Nitro, WV 25143
         304-759-4800
         304-759-4817 (Fax)
         Kyle.cox@logancorp.com        

Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                About New Trinity Coal Incorporated

New Trinity Coal Incorporated is a producer of metallurgical coal
from its deep water mine located in West Virginia, USA.

New Trinity Coal Incorporated sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. W.Va. Case No. 19-20088) on March
4, 2019.  At the time of the filing, the Debtor had estimated
assets of $10 million to $50 million and liabilities of $100
million to $500 million.  

James M. Pierson, Esq., at Pierson Legal Services, is the Debtor's
legal counsel.


NOVUM PHARMA: April 24 Auction of All Assets Set
------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware authorized Novum Pharma, LLC's bidding procedures in
connection with the sale of substantially all assets by auction.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: April 22, 2019, at 5:00 p.m. (ET)

     b. Deposit: 10% of the Purchase Price

     c. Auction: If the Debtor receives one or more Qualified Bids,
the Debtor will conduct an auction of its Assets.  The Auction will
commence on April 24, 2019 at 10:00 a.m. (ET) at the offices of
Cole Schotz P.C., 500 Delaware Avenue, Suite 1410, Wilmington,
Delaware.

     d. Bid Increments: $50,000

     e. Sale Hearing: April 26, 2019 (10:00 a.m. ET)

     f. Sale Objection Deadline: April 12, 2019 at 4:00 p.m. (ET)

     g. RGP Pharmacap, LLC will constitute a Qualified Bidder for
all purposes and in all respects under the Bidding Procedures.

No bidder or prospective bidder will be entitled to any expense
reimbursement, break-up, "topping," termination or other similar
fee or payment thereunder.

Within three business days after entry of the Order, the Debtor
will serve the Sale Notice on all Sale Notice Parties.  

Within 14 business days after entry of the Order, the Debtor will
publish the Sale Notice in the national edition of either The Wall
Street Journal, The New York Times or USA Today.
The notice of potential assumption and assignment of executory
contracts and unexpired leases and related cure amounts is
approved.

Within 14 calendar days after entry of the Order, the Debtor will
file with the Court the Cure Schedule.  The Adequate Assurance
Objection Deadline is April 25, 2019 at 4:00 p.m. (ET).

Notwithstanding the possible applicability of Bankruptcy Rules
6004(h), 6006(d), 7052, 9014 or otherwise, the terms and conditions
of the Order will be immediately effective and enforceable upon its
entry and any waiting or stay period is expressly waived.

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

    http://bankrupt.com/misc/Novum_Pharma_111_Order.pdf

                       About Novum Pharma

Founded in 2015, Novum Pharma, LLC -- http://www.novumrx.com/-- is
a global specialty pharmaceutical company which owns a portfolio of
topical dermatology products that it purchased from Primus
Pharmaceuticals, Inc., in March 2015.  The dermatology products
are marketed under the names Alcortin, Alcortin A, Quinja (formerly
Aloquin) and Novacort.  Each product is a fungicidal gel used to
treat a variety of skin conditions.

Novum Pharma sought Chapter 11 protection (Bankr. D. Del. Case No.
19-10209) on Feb. 3, 2019.

Novum Pharma estimated $10 million to $50 million in assets and $50
million to $100 million in liabilities as of the bankruptcy
filing.

The Debtor tapped Cole Schotz P.C. as general bankruptcy counsel;
CR3 Partners, LLC, as financial advisor; Teneo Capital LLC as
investment banker; and Kurtzman Carson Consultants LLC as claims
and noticing agent.

The Office of the U.S Trustee appointed an official committee of
unsecured creditors on Feb. 12, 2019.  KLEHR HARRISON HARVEY
BRANZBURG LLP is the committee's counsel.


OPTICAL HOLDINGS: April 15 Auction of All OHI Assets Set
--------------------------------------------------------
Judge Stacey L. Meisel of the U.S. Bankruptcy Court for the
District of New Jersey authorized the bidding procedures of Optical
Holdings of Puerto Rico, LLC and OHI of Puerto Rico, LLC, in
connection with the sale of all assets of OHI to Island Optical,
LLC in exchange for the (a) assumption of the Assumed Liabilities,
(b) payment of all Cure Costs, (c) payment of the 503(b)(9) Claims,
(d) delivery to OHI, on the Closing Date, cash payments of
503(b)(9) Claims and Cure Costs, subject to overbid.

The form of APA is approved.  The Stalking Horse Bid is subject to
higher or otherwise better offers.

OHI may pay the Stalking Horse Bidder (a) a breakup fee of
$150,000, and (b) reimbursement of expenses incurred in an amount
not to exceed $50,000, both payable at the later of closing or
Bankruptcy Court approval as set forth, in the event that the
Stalking Horse Agreement is terminated due to (i) OHI's closing or
entering into an agreement for any alternative transaction with any
person other than the Stalking Horse Bidder or (ii) the Debtors'
declaring another bidder to be the Successful Bidder.

The Breakup Fee and Expense Reimbursement will be an allowed
administrative expense priority claim against the Debtors pursuant
to section 503(b)(1) and 507(a)(2) of the, Bankruptcy Code, subject
to a submission filed by the Stalking Horse Bidder for approval by
the Court.  If a timely objection to the approval of the Breakup
Fee and/or Expense Reimbursement is received, the hearing to
consider any objections will be held on a date to be scheduled by
the Court.

he salient terms of the Bidding Procedures are:

     a. Bid Deadline: April 8, 2019 at 5:00 p.m. (ET)

     b. Initial Bid: At least $25,000 more than the Stalking Horse
Bid

     c. Deposit: $58,965

     d. Auction: If the Debtors receive more than one Qualified
Bid prior to the Bid Deadline, the Debtors will conduct an auction
at the offices of Greenberg Traurig, LLP, 500 Campus Drive, Florham
Park, New Jersey 07932 on April 15, 2019 at 11:00 a.m. (ET) or such
later time or other place as the Debtors determine (and will notify
all Qualified Bidders who have submitted Qualified Bids of any such
change).

     e. Bid Increments: $25,000

     f. Sale Hearing: April 16, 2019 at 10:00 a.m.

     g. Closing: Within 14 days of the Sale Order

     h. The sale of the Purchased Assets will be on an "as is,
where is" basis and without representations or warranties of any
kind, nature, or description.

     i. Sale Objection Deadline: April 9, 2019 at 1:00 p.m. (ET)

Within three business days after entry of the Order, the Debtors
will provide a copy of the Sale Notice to all Sale Notice Parties.
Within one business day after the conclusion of the Auction, the
Debtors will cause its counsel to file with the Court a supplement
outlining the identity of the Successful Bidder of the Purchased
Assets and the purchase price received therefor.

The Debtors will file and serve a Cure Schedule on the parties to
executory contracts and unexpired leases that may be assigned on
April 2, 2019.  Any objections to the Cure Notice must be filed no
later than April 9, 2019 at 1:00 p.m. (ET).

On April 2, 2019, the Debtors will serve the Assumption Notice on
all affected parties to Contracts or Leases that the Successful
Bidder may potentially assume.  The form of Assumption Notice is
approved as sufficient.  Any objections to the Assumption Notice
must be filed no later than April 9, 2019 at 1:00 p.m.   Any
objections to the Rejection Notice must be filed within 14 days
after the Debtor served the Rejection Notice.

Notwithstanding the possible applicability of Bankruptcy Rules
6004, 6006, 7062, 9014 or otherwise, the terms and conditions of
the Order will be immediately effective and enforceable.  All time
periods set forth in the Order will be calculated in accordance
with
Bankruptcy Rule 9006(a).

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

     http://bankrupt.com/misc/Optical_Holdings_122_Order.pdf

               About Optical Holdings of Puerto Rico

Optical Holdings of Puerto Rico, LLC, owns health and personal care
stores.  OHI of Puerto Rico, LLC, is an eye-wear supplier in
Springfield, New Jersey.

Optical Holdings and OHI sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case Nos. 18-29070 and 18-29071) on
Sept. 25, 2018.  At the time of the filing, Optical Holdings
estimated assets of less than $50,000 and liabilities of $1 million
to $10 million; and OHI estimated assets of less than $1 million
and liabilities of $1 million to $10 million.  Judge Stacey L.
Meisel oversees the cases.  The Debtors tapped Greenberg Traurig
LLP as their legal counsel.


OUTLOOK THERAPEUTICS: BioLexis Pte. Has 80.1% Stake as of Feb. 1
----------------------------------------------------------------
BioLexis Pte. Ltd., Ghiath M. Sukhtian, and Arun Kumar Pillai
disclosed in a Schedule 13D/A filed with the Securities and
Exchange Commission that as of Feb. 1, 2019, they beneficially own
112,362,571 shares of common stock of Outlook Therapeutics, Inc.,
which represents 80.1 percent of the shares outstanding.  This
percentage is calculated based upon 85,091,062 Shares outstanding
as set forth in the Issuer's Annual Report on Form 10-K for the
period ending Sept. 30, 2018, as filed with the SEC on Dec. 18,
2018, plus (1) the 4,288,624 Shares acquired by BioLexis Pte. Ltd.
on Jan. 2, 2019, (2) 4,288,624 shares acquired by BioLexis Pte.
Ltd. on Feb. 1, 2019, (3) warrants to purchase an aggregate of
37,262,820 Shares, and (4) 9,329,248 Shares underlying the
Preferred Stock.

On Jan. 2, 2019, BioLexis purchased 4,288,624 shares for
approximately $4.0 million pursuant to the November 2018 Purchase
Agreement.

On Dec. 31, 2018, BioLexis received a regular quarterly dividend of
1,505 shares of Preferred Stock pursuant to the terms of such
Preferred Stock.

A full-text copy of the regulatory filing is available for free at:
https://is.gd/VBjfXk

                   About Outlook Therapeutics

Outlook Therapeutics, Inc., formerly known as Oncobiologics, Inc.
-- http://www.outlooktherapeutics.com/-- is a clinical-stage
biopharmaceutical company focused on developing its lead clinical
program, ONS-5010, a proprietary ophthalmic bevacizumab product
candidate for the treatment of wet age related macular degeneration
(wet AMD).  ONS-5010 is currently in its first clinical trial,
which is being conducted outside of the U.S. and is designed to
serve as the first of two adequate and well controlled studies for
wet AMD.

Outlook Therapeutics reported a net loss attributable to common
stockholders of $48.01 million for the year ended Sept. 30, 2018,
compared to a net loss attributable to common stockholders of
$40.02 million for the year ended Sept. 30, 2017.  As of Dec. 31,
2018, the Company had $18.70 million in total assets, $40.17
million in total liabilities, $4.88 million in total convertible
preferred stock, and a total stockholders' deficit of $26.35
million.

KPMG LLP's report on the consolidated financial statements for the
year ended Sept. 30, 2018, includes an explanatory paragraph
stating that the Company has incurred recurring losses and negative
cash flows from operations and has an accumulated deficit of $216.3
million, $13.5 million of senior secured notes that may become due
in fiscal 2019 and $4.6 million of unsecured indebtedness, $1.0
million of which is due on demand, and $3.6 million of which
matures Dec. 22, 2018, that raise substantial doubt about its
ability to continue as a going concern.


PARIS MANAGEMENT: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Paris Management, LLC as of March 15,
according to a court docket.
    
                      About Paris Management

Paris Management, LLC, is a Mississippi limited liability company
doing business in Shelby County, Tennessee.  All of its assets are
located in Shelby County, Tennessee.

Paris Management sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tenn. Case No. 19-20957) on Feb. 1,
2019.  The case is assigned to Judge Paulette J. Delk.  John
Dunlap, Esq., from Memphis, Tennessee, is serving as the Debtor's
counsel.


PENOBSCOT VALLEY HOSPITAL: Seeks to Hire Kelly as Special Counsel
-----------------------------------------------------------------
Penobscot Valley Hospital seeks approval from the U.S. Bankruptcy
Court for the District of Maine to hire Kelly, Remmel & Zimmerman
as special counsel.

The firm will advise the Debtor regarding health care law issues
and related matters.  Julius Ciembroniewicz, Esq., the attorney who
will be providing the services, will charge an hourly fee of $320.


Kelly holds a general security retainer in the amount of $3,000.

The firm does not represent any interests adverse to the Debtor,
according to court filings.

The firm can be reached through:

     Julius Ciembroniewicz, Esq.
     Kelly, Remmel & Zimmerman
     53 Exchange Street
     P.O. Box 597
     Portland, Maine 04112
     Direct Office Line: (207) 775-1020 x 233
     Fax: (207) 773-4895
     Email: JuliusC@krz.com

                  About Penobscot Valley Hospital

Penobscot Valley Hospital -- http://www.pvhme.org/-- operates a
general medical and surgical facility in Lincoln, Maine.  It has
been serving the community for over 40 years with a wide variety of
services and treatment options.

Penobscot Valley Hospital sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Maine Case No. 19-10034) on Jan. 29,
2019.  At the time of the filing, the Debtor estimated assets of $1
million to $10 million and liabilities of $1 million to $10
million.  The case is assigned to Judge Michael A. Fagone.  The
Debtor tapped Murray Plumb & Murray as its legal counsel.


PETVET CARE: S&P Rates Incremental Senior Secured Term Loan 'B'
---------------------------------------------------------------
S&P Global Ratings on March 15 assigned its 'B' issue-level rating
and '3' recovery rating to PetVet Care Centers LLC's incremental
senior secured term loan.

The '3' recovery rating indicates S&P's expectation for meaningful
recovery (50%-70%; rounded estimate: 50%) in the event of a payment
default. S&P expects that the company's incremental facility will
be $250 million maturing in 2025 following the proposed $125
million add-on. S&P's '3' recovery rating on the company's senior
secured first-lien facilities and '6' recovery rating on the
company's second-lien debt are unaffected by the proposed add-on.
PetVet intends to use the proceeds from the add-on for acquisitions
and to repay its outstanding revolver borrowings.

S&P's 'B' issuer credit rating on Romulus Intermediate Holdings 2
Inc. (the parent of PetVet Care Centers LLC) reflects the company's
top-three market position, but narrow operating focus, in the
specialized and highly fragmented veterinary practices market. The
rating also reflects S&P's expectation that Romulus will remain
acquisitive and that its adjusted leverage will remain high. The
company's leverage has been creeping up and S&P now expects it to
be in the 8x to mid-8x range.


PHI INC: Fitch Cuts Issuer Default Rating to 'D' Amid Bankr. Filing
-------------------------------------------------------------------
Fitch Ratings has downgraded the Issuer Default Rating (IDR) of
PHI, Inc. to 'D' from 'CC'. Fitch has also downgraded the company's
senior unsecured debt ratings to 'CC'/'RR3' from 'CCC'/'RR2'.

Fitch's rating actions follow PHI's, along with U.S. based
subsidiaries, voluntary filing for reorganization under Chapter 11
of the U.S. Bankruptcy code. The company was not able to repay its
$500 million senior note obligation on March 15, 2019.

KEY RATING DRIVERS

Payment Default: The company voluntarily filed for Chapter 11
bankruptcy before its $500 million senior unsecured notes
obligation came due on March 15, 2019. PHI has hired advisors and
expects to exit bankruptcy in the summer of 2019. The company
stated in its filing that it would work to improve its capital
structure and reduce its most expensive aircraft leases. Before
filing, the company entered into a new $70 million secured loan
facility with Blue Torch Capital for liquidity purposes.

Default Driven by Performance: PHI's operating performance has been
challenged since late in 2014 when oil prices fell driving offshore
drilling operations in the Gulf of Mexico to utilize a much smaller
number of rigs and significantly leaner operations. PHI experienced
a 33% cumulative revenue decline from 2014 to 2017 due to these
changes as the company derives more than 50% of its revenues from
the offshore oil and gas sector. However in 2018, revenues and
profitability in PHI's O&G segment increased due to the acquisition
of HNZ Group, Inc. (HNZ). However, this acquisition pressured the
company's financial flexibility. The company's poor performance,
significantly limited financial flexibility and looming debt
maturities drove PHI to default.

Estimated Recovery Falls with Added Debt: Fitch estimates that the
senior unsecured notes have recovery prospects between 51%-70% or
'RR3'. This recovery is lower than Fitch's previous estimate of
71%-90%, which did not include the new $70 million secured facility
from Blue Torch. Fitch's recovery analysis is based on the
assumption that the company will continue as a going concern.
Fitch's estimated going concern (GC) EBITDA estimate of $84 million
is above EBITDA generated in 2016 and 2017 of $63 million and $47
million, respectively, which represent operating performances at or
near the bottom of the cycle when there was significantly reduced
activity in the offshore oil and gas market due to the sustained
low oil prices. However, Fitch's estimate remains well below PHI's
EBITDA of $174 million in 2014 as this peak operating performance
may no longer be achievable due to changing dynamics in the
industry and the Gulf of Mexico. Fitch has not changed its recovery
assumptions from the previous review in early January 2019.

Fitch used a GC enterprise value (EV) multiple of 6.5x that
considered the actual reorganization multiple from the CHC Group
LTD (CHC) bankruptcy. In addition, Fitch considered recent industry
M&A transactions, and current trading multiples for the company and
its peers. CHC, which is similarly sized to PHI, had a
post-emergence multiple of 7.4x. At the end of 2017, PHI purchased
HNZ's Offshore business for a multiple above 8x. Current EV to
EBITDA multiples for PHI and similarly sized peers range from 7x to
13x. Fitch has chosen to use a slightly more conservative GC
multiple versus the examples mentioned above to illustrate current
industry sentiment and PHI's operating profile.

These assumptions result in a GC EV of $548 million. The
prepetition debt obligations include $200 million in senior secured
loans and $500 million in senior unsecured notes. The $70 million
secured facility from Blue Torch and $130 million senior secured
term loan have priority over the $500 million senior unsecured
notes in the capital structure. Fitch also deducts 10% for
administrative claims that come before the senior secured loans in
the payment waterfall.

DERIVATION SUMMARY

PHI joins some other major players in the oil and gas services
industry that have filed for bankruptcy in recent years such as CHC
due to significant secular headwinds.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

  -- The company continues with its Chapter 11 bankruptcy
proceedings.

RATING SENSITIVITIES

Rating sensitivities do not apply given the company's filing for
bankruptcy protection.

LIQUIDITY

New Capital Structure: On March 13, 2019, the company finalized an
agreement for a first lien secured $70 million loan from Blue Torch
Capital. The facility has a first lien on 90 O&G helicopters
(registered in the US, Antarctica, Australia and Canada) and has a
second lien on the collateral of the $130 million senior secured
shareholder loan.

In late 2018, the new $130 million senior secured shareholder term
loan was provided by CEO Al A. Gonsoulin's company, Thirty Two,
L.L.C. The loan is covenant light, has no amortization until the
maturity date, and has a 6% interest rate. The loan is secured by
accounts receivables (A/Rs) and inventory. Both of these facilities
are ahead of the $500 million in senior notes in terms of priority.


Minimal Liquidity: As of Sept. 30, 2018, PHI had $16.5 million in
cash and $30.5 million in short-term investments on its balance
sheet compared with $8.8 million in cash and $64.2 million in
short-term investments at the end of 2017. The company has stated
that its recent financing will be sufficient to fund working
capital and capex during the Chapter 11 proceedings.

FULL LIST OF RATING ACTIONS

Fitch has downgraded these ratings:

PHI, Inc.

  -- Long-Term IDR to 'D' from 'CC';

  -- Senior unsecured notes to 'CC'/'RR3' from 'CCC'/'RR2'.


PHI INC: S&P Lowers ICR to 'D' After Chapter 11 Bankruptcy Filing
-----------------------------------------------------------------
S&P Global Ratings on March 15 lowered its issuer credit rating on
U.S.-based helicopter service provider PHI Inc. to 'D' from 'CCC-'.


S&P also lowered the senior unsecured issue-level rating to 'D'
from 'CCC'. The recovery rating on this debt is '2', indicating its
expectation of substantial (70%-90%; rounded estimate: 75%)
recovery for creditors.

The rating actions follow PHI's Chapter 11 bankruptcy filing on
March 14, 2019.  The downgrade reflects PHI's bankruptcy filing and
failure to retire or refinance its $500 million 5.25% unsecured
notes before the March 15, 2019 maturity date. S&P expects to
withdraw the ratings after 30 days.

The company continues to negotiate with unsecured noteholders
regarding its outstanding debt obligations and is in discussions to
address above-market leases with certain lessors. Meanwhile, PHI's
business operations will continue to be funded by cash on hand,
cash flows from operations, and a new $70 million term loan from
Blue Torch Capital. The Chapter 11 cases will only include PHI's
principal U.S. entities, and the company expects to emerge from
bankruptcy in summer 2019.


PRECIPIO INC: Registers 42.86 Million Shares for Possible Resale
----------------------------------------------------------------
Precipio, Inc., has filed with the Securities and Exchange
Commission a Form S-3 registration statement relating to the
proposed resale or other disposition of up to 42,864,018 shares of
common stock of Precipio, Inc., par value $0.01 per share, by the
selling stockholders, consisting of: (i) 31,536,899 shares of
common stock issuable upon the conversion of notes issued to
certain selling stockholders as described herein and (ii) up to
11,327,119 shares of common stock issuable upon the exercise of
warrants granted to certain selling stockholders.

The Selling Stockholders are:

   - M2B Funding Corp.
   - Alpha Capital Anstalt
   - Osher Capital Partners LLC
   - Dominion Capital LLC
   - Lincoln Park Capital Fund LLC
   - David Cohen
   - Crede Capital Group LLC
   - Leviston Resources LLC
   - Alliance Global Partners

On April 20, 2018, the Company entered into a securities purchase
agreement with certain investors, pursuant to which the Company
issued up to approximately $3.3 million in 8% Senior Secured
Convertible Promissory Notes with 100% common stock warrant
coverage in multiple closings which took place on April 20, 2018,
July 11, 2018, Aug. 20, 2018 and Sept. 20, 2018.  The closing of
the entire transaction under the Debt Financing Agreement provided
the Company with $3,000,000 of gross proceeds in consideration for
the issuance of notes with an aggregate principal of $3,296,703.
Each note is payable by the Company on the earlier of (i) the one
year anniversary after the original issuance date or (ii) upon the
closing of a qualified offering, namely the Company raising gross
proceeds of at least $7,000,000.  The obligations under the Notes
are secured, subject to certain exceptions and other permitted
payments by a perfected security interest on the assets of the
Company.  As part of this transaction, the Company issued to the
investors warrants to purchase up to 6,593,407 shares of common
stock with an exercise price of $0.75 per share which was
subsequently adjusted to $0.50 per share on Sept. 17, 2018. Half of
these warrants have a one-year term and half have a five-year
term.

The Company is not selling any shares of common stock under this
prospectus and will not receive any of the proceeds from the sale
or other disposition of common stock by the selling stockholders.
The Company will, however, receive the net proceeds of any warrants
exercised for cash.  Upon the exercise of the warrants exercised
for cash, the Company will receive an aggregate of approximately
$5,091,000, based on exercise prices ranging from $0.75 to $0.36
depending on the terms of the applicable warrants.

The selling stockholders may sell or otherwise dispose of the
shares of common stock from time to time through public or private
transactions at prevailing market prices, at prices related to
prevailing market prices or at privately negotiated prices.  The
selling stockholders will bear all commissions and discounts, if
any, attributable to the sales of shares.  The Company will bear
all other costs, expenses and fees in connection with the
registration of the shares.

The Company's common stock is listed on The NASDAQ Capital Market
under the symbol "PRPO."  The last reported sale price of the
Company's common stock on Feb. 4, 2019 was $0.17 per share.

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

                      https://is.gd/43HiiG

                        About Precipio

Omaha, Nebraska-based Precipio, formerly known as Transgenomic,
Inc. -- http://www.precipiodx.com/-- is a cancer diagnostics
company providing diagnostic products and services to the oncology
market.  The Company has developed a platform designed to eradicate
misdiagnoses by harnessing the intellect, expertise and technology
developed within academic institutions and delivering quality
diagnostic information to physicians and their patients worldwide.
Precipio operates a cancer diagnostic laboratory located in New
Haven, Connecticut and has partnered with the Yale School of
Medicine.

The audit opinion included in the company's Annual Report on Form
10-K for the year ended Dec. 31, 2017 contains a going concern
explanatory paragraph.  Marcum LLP, the Company's auditor since
2016, stated that the Company has a significant working capital
deficiency, has incurred significant losses and needs to raise
additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

Precipio reported a net loss available to common stockholders of
$33.21 million in 2017 and a net loss available to common
stockholders of $4.08 million in 2016.  As of Sept. 30, 2018,
Precipio had $24.65 million in total assets, $15.47 million in
total liabilities, and total stockholders' equity of $9.18 million.


QUALITY CONSTRUCTION: ESNA Increases Unsecureds' Recovery to 14-22%
-------------------------------------------------------------------
Energy Services Note Acquisition, LLC, filed an amended Chapter 11
Plan and accompanying disclosure statement for Quality Construction
& Production, LLC, and its subsidiaries that increased the amount
of the general unsecured claims pot from $1.2 million to $2.0
million.  As a result, holders of Allowed General Unsecured Claims
are now estimated to recoup 14-22% under the ESNA Plan, an increase
from the 7-11% under the previously filed plan.

A full-text copy of the Disclosure Statement is available at
https://tinyurl.com/y6lexc6m from Donlin Recano at no charge.

        About Quality Construction & Production LLC

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.


REPUBLIC METALS: Sale of Remaining Assets Approved
--------------------------------------------------
Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York authorized Republic Metals Refining Corp. and
affiliates to sell remaining assets.

A hearing on the Motion was held on Feb. 21, 2019.

The sale is free and clear of all liens, claims, encumbrances and
interests, subject to the following protocol:

     a. Prior to any sale of any of the Remaining Assets, the
Debtors will file with the Bankruptcy Court a "Notice of Proposed
Sale" which details the proposed sale of the subject Remaining
Assets, to include (but not limited to) such information as: (i)
sale price; (ii) payment terms, if any; (iii) refining or
processing fees and charges, if any; (iv) date of sale, delivery,
or settlement; and (v) the Debtors' good faith estimate of
allocation.

     b. In addition to Court ECF email notice, the Notice of
Proposed Sale will be served on the official email Master Service
List maintained by Donlin Recano for these cases;

     c. Creditors and parties in interest will have five business
days to file an objection with this Court to any Notice of Proposed
Sale.  Absent objection, the Debtors will be authorized to sell the
subject Remaining Assets on the terms proposed in the Notice of
Proposed Sale.

     d. If an objection is filed, the Debtors are prohibited from
selling that portion of the Remaining Assets to which an objecting
customer claims any interest, right, lien, title, interest or
encumbrance absent further order of the Court.  The Debtors may
request a hearing as to any such objection on an expedited basis,
before this Court, with all rights reserved to creditors and
parties in interest to oppose same.

The Debtors will deposit all Sale Proceeds into a separate DIP
account, with any further distributions from such account subject
to further order of the Court.

Any existing liens, claims, rights, title, interests and
encumbrances, of any nature (and including any offset rights) as to
the Remaining Assets will attach to the Sale Proceeds to the same
extent, and in the order and priority in which they existed as of
the Nov. 2, 2018 Petition Date.

Notwithstanding the authority granted to the Debtors, the Debtors
are not authorized to sell the property that is the subject of:

     a. the Order granting the Debtors' Motion for Approval of
Settlement Agreement with Alamos Gold Inc., Minas de Oro Nacional,
S.A. de C.V. and Minera Santa Rita S. de R.L. de C.V. Pursuant to
Federal Rule of Bankruptcy Procedure 9019;

     b. the Debtors' Motion for Approval of Settlement Between the
Debtors and Desarrollos Mineros San Luis S.A. de C.V. Pursuant to
Federal Rule of Bankruptcy Procedure 9019, as Supplemented;

     c. the Debtors' Omnibus Motion for Approval of Settlement
Terms with Prepaid Customers Pursuant to Federal Rules of
Bankruptcy Procedure 9019 and 9006, as Supplemented;

     d. the Debtors' Second Omnibus Motion for Approval of
Settlements with Customers Pursuant to Federal Rules of Bankruptcy
Procedure 9019, as Supplemented;

     e. the Debtors' Third Omnibus Motion for Approval of
Settlements with Customers Pursuant to Federal Rules of Bankruptcy
Procedure 9019; and

     f. the Debtors' Motion for Approval of Settlement with Wharf
Resources (U.S.A.) Pursuant to Federal Rule of Bankruptcy Procedure
9019.

The Consignment Material will not include the 482 ounces listed in
paragraph 17 of the Motion with First Majestic Silver Corp., as the
purported consignee, as that property was never consigned and
instead, was the subject of a transaction that was completed in
April 2017 between Debtor Republic Metals Corporation and First
Majestic Silver Corp.

The Debtors have withdrawn any request to sell the following
identified materials, and therefore no relief is granted with
respect to same: (i) 322 gold ounces identified as on consignment
with So Accurate; (ii) 322 gold ounces identified as on consignment
with Horizon Metals; and (ii) all metals identified as being in the
possession of Brinks Co.

The Debtors have announced that they have reached a tentative
agreement with Prince and Izant Co., which will be the subject of a
forthcoming settlement motion to be filed with the Court.
Therefore, no relief will be granted herein with respect to
Packaged Goods
identified by the Debtors as having been paid for, pre-petition, by
Prince & Izant.

                 About Republic Metals Refining

Founded in 1980, Republic Metals Refining Corporation and its
affiliates are refiner of precious metals with a primary focus on
gold and silver.  They have the capacity to produce approximately
80 million ounces of silver and 350 tons of gold, along with over
55 million pieces of minted products per annum.  Suppliers ship
unrefined gold and silver to Republic for refining from all over
The United States and the Western Hemisphere.  They provide their
products and services to a diverse base of global mining
corporations, financial institutions and jewelry manufacturers.

Republic Metals Refining, Republic Metals Corporation and Republic
Carbon Company, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case Nos. 18-13359 to 18-13361) on
Nov. 2, 2018.

In the petition signed by CRO Scott Avila, Republic Metals Refining
estimated assets of $1 million to $10 million and liabilities of
$100 million to $500 million.  

The Debtors tapped Akerman LLP as their legal counsel; Paladin
Management Group, LLC as financial advisor; and Donlin, Recano &
Company, Inc., as claims and noticing agent.



RIVARD COMPANIES: May Continue Using Cash Collateral Until Aug. 30
------------------------------------------------------------------
The Hon. William J. Fisher of the U.S. Bankruptcy Court for the
District of Minnesota authorized Rivard Companies, Inc. to continue
the use of cash collateral to fund the its ordinary course business
operations on an interim basis.

The Debtor's pre-bankruptcy assets may be subject to security
interests in favor of various parties, including Itria Ventures
LLC. Prior to the Petition Date, Itria Ventures advanced funds to
the Debtor under the terms of a Future Receivables Sale Agreement.
As of the Petition Date, the amount claimed by Itria Ventures under
the FRSA was at least $89,300. Under the terms of the FRSA, the
Debtor granted Itria Ventures a security interest in and to all
property used in the Debtor's business.

Itria Ventures and the Additional Parties are granted a valid,
continuing, perfected, enforceable and non-avoidable security
interests in, and liens upon, all of the Debtor's presently owned
or hereafter acquired property and assets (including all
replacements and proceeds thereof), other than the Debtor's
bankruptcy claims and causes of action, to the same extent and
priority that such security interests and liens existed prior to
the Petition Date. The Additional Parties will include the
following: (i) Village Bank; (ii) LG Funding; (iii) Samson Horus;
(iv) Queen Funding; and (v) Fox Capital Group.

The Debtor has also agreed to grant liens and make monthly payments
to Itria Ventures during the months of March 2019 through August
2019. In particular, the Debtor has agreed to pay $5,000 to Itria
Ventures on or before March 20, 2019, and the Debtor has agreed to
pay $15,000 per month to Itria Ventures on or before each of the
following dates: April 20, 2019; May 20, 2019; June 20, 2019; July
20, 2019; and August 20, 2019.

During the term of the Order, in addition to such other obligations
which the Debtor may have under applicable law, the Debtor has
agreed to:

       (a) comply with its obligations as a debtor in possession
under the Bankruptcy Code, the Federal Rules of Bankruptcy
Procedure and the guidelines imposed by the Office of the United
States Trustee;

       (b) deposit and maintain all Cash Collateral in one or more
debtor in possession bank accounts in the name of the Debtor, or
such other accounts as may be authorized by order of the Court;

       (c) remain current on the filing of its monthly operating
reports;

       (d) remain current on the payment of all taxes (including
but not limited to all employment taxes, sales taxes and real
estate taxes) payable for the periods after the Petition Date;

       (e) maintain adequate property and liability insurance; and


       (f) promptly deliver to Itria Ventures such financial and
other information regarding the Debtor’s business and financial
affairs as Itria Ventures may reasonably request from time to
time.

The Debtor's right to use Cash Collateral under the Order will
terminate on the earliest of the following: (a) August 30, 2019;
(b) the effective date of a confirmed plan of reorganization; (c)
the closing date of any sale of substantially all of the Debtor's
assets; and/or (d) the date of entry of an order of the Court
dismissing the Debtor's bankruptcy case or converting the Debtor's
bankruptcy case to a case under Chapter 7 of the Bankruptcy Code.

A copy of the Order is available at

               http://bankrupt.com/misc/mnb18-43603-84.pdf

                        About Rivard Companies

Rivard Companies, Inc., was established in 1989 as a tree removal
and trimming services provider.  In 2003, Central Wood Products was
founded to sell a wide selection of natural, colored, and imported
mulch. Later in 2008, the Company grew with the introduction of
Gronomics, a line of wood products geared toward the home
gardeners.

Rivard Companies, Inc., sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 18-43603) on Nov.
16, 2018.  In the petition signed by CEO Michael Rivard, the Debtor
estimated up to $50,000 in assets and $1 million to $10 million in
liabilities.  The case is assigned to Judge William J. Fisher.
Steven B. Nosek, Esq., at Steven B. Nosek, P.A., is the Debtor's
counsel.





ROGER STEINBECK: $907K Sale of Valley Village Property Approved
---------------------------------------------------------------
Judge Victoria S. Kaufman of the U.S. Bankruptcy Court for the
Central District of California authorized Roger Ronald and Stannis
Veronica Steinbeck to sell the real property located at 12005 Emery
Lane, Valley Village, California to Raymond James Finlayson for
$907,000, cash.

The sale is on an "as is" basis with no overbid procedure required;
and free and clear of all liens and encumbrances.

The legal description of the Property is Tract 72157 Lot 10, Los
Angeles County, APN 2348-008-109.

Employment of real estate Jonathan Edward Lichterman and Rodeo
Realty in Studio City were previously approved as real estate
agents/broker and are entitled to are entitled to the agreed upon
commission of 4.45% for a total commission of $40,361.50 which
pursuant to the Sale Agreement provides for $17,687 to Rodeo Realty
and $22,676 to the Buyer's Agent.

Encore Escrow is ordered to disburse the proceeds of the sale to
pay secured claims, costs of sale, administrative fees, property
taxes, and agent and broker commissions as set forth herein and in
the Seller's estimated new Proceeds which is Exhibit 3 to the
Amended Motion at page 87.

As requested by the Debtors the balance of the Debtors/Sellers
proceeds will be deposited in the Debtors' counsel's Client Trust
Account for later disbursement.

The 14-day stay pursuant to FRBP 6004(h) is waived.

Roger Ronald Steinbeck and Stannis Veronica Steinbeck sought
Chapter 11 protection (Bankr. C.D. Cal. Case No. 16-12969) on Nov.
7, 2017.  The Debtors tapped Michael R Totaro, Esq., at Totaro &
Shanahan, as counsel.


SCOTTSBURG HOSPITALITY: Plan Not Feasible, Hilton Complains
-----------------------------------------------------------
Hilton Franchise Holding LLC filed an objection to Scottsburg
Hospitality, LLC's disclosure statement and chapter 11 plan of
reorganization.

Hilton licenses the Hampton trademark and certain other associated
trademarks and service marks to the Debtor under the Franchise
Agreement between the Debtor and Hilton.

Pursuant to the Franchise Agreement, the Debtor pays Hilton certain
franchise fees and related fees in exchange for a license to use
the Marks pursuant to and subject to the Franchise Agreement.
Hilton is also entitled to be reimbursed by the Debtor for the
attorneys’ fees and costs incurred by Hilton under and in
connection with the Franchise Agreement, including, but not limited
to, the attorneys’ fees and costs incurred by Hilton in
connection with and related to this bankruptcy case.

The Disclosure Statement and Plan provide that the Debtor intends
to assume the Franchise Agreement upon the Effective Date of the
Plan and to complete the required renovations and improvements set
forth in the Current product improvement plan (PIP).

However, neither the Plan nor the Disclosure Statement provides for
the payment of Hilton's attorneys' fees, costs and expenses
incurred in and in connection with this case at or before the
Effective Date of the Plan, see generally, Plan, Disclosure
Statement. Additionally, both the Plan and Disclosure Statement are
lacking in information with respect to (1) Debtor's obligations
under and with respect to the Current PIP, including certain
deadlines and milestones related thereto, (2) the Debtor’s
general obligations to Hilton under the Franchise Agreement,
including, without limitation, its obligations to pay Hilton
Franchise Fees when they come due under the Franchise Agreement,
(3) the fact that the Franchise Agreement cannot be assumed without
Hilton’s consent, and (4) the conditions Hilton has provided to
the Debtor that must be met before Hilton will provide such
consent.

Hilton also complains that in its current form, the Plan is not
feasible. The Plan contemplates the Debtor's assumption of the
Franchise Agreement, but Hilton will not consent to the Debtor's
assumption of the Franchise Agreement unless and until the
conditions set forth are met and provided for by the Debtor in the
Plan and Disclosure Statement or otherwise. As the Debtor itself
acknowledged in the Disclosure Statement, "Pursuant to the
Franchise Agreement, the Debtor receives substantial benefit,
including but not limited to, brand recognition, a national
marketing platform, and a national reservation service." If the
Debtor were deprived of the benefit of the Franchise Agreement, the
Debtor's business would be substantially and materially harmed, and
the loss of the Marks and the System would very likely cause the
Debtor's business operations to grind to a halt. Accordingly, the
Plan in its current form, which does not set forth a viable path
for the Debtor's assumption of the Franchise Agreement, is not
feasible because it would “likely to be followed by the
liquidation, or the need for further financial reorganization, of
the [D]ebtor."

A copy of Hilton's Objection is available at
https://tinyurl.com/y4wzknnp from Pacermonitor.com at no charge.

The Troubled Company Reporter previously reported that the Debtor
will complete the PIP over an 18-month period, thereby increasing
the market value of the Hotel by $2,780,000, utilizing existing
cash, cash flow from Debtor's operations, capital reserve funds,
and the recovery from Crosspoint, and the Crosspoint Loan to fund
the PIP Expenses.

A full-text copy of the Disclosure Statement dated January 30,
2019, is available at http://tinyurl.com/y2ou4n3bfrom  
PacerMonitor.com at no charge.

Attorney for Hilton Franchise Holding LLC:

     Thomas P. Clinkscales (pro hac vice)
     Ga. Bar No. 921982
     One Atlantic Center
     1201 West Peachtree Street
     Atlanta, Georgia 30309
     Telephone: 404-881-7000
     Fax: 404-881-7777
     Email: Tom.Clinkscales@alston.com

            About Scottsburg Hospitality

Scottsburg Hospitality, LLC, is a privately held company that
operates in the traveler accommodation industry.

Scottsburg Hospitality sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Ind. Case No. 18-90833) on June 11,
2018.  In the petition signed by Michael A. Dora, president, the
Debtor estimated assets and debts of less than $10 million.  

The Hon. Basil H. Lorch III presides over the case.

The Debtor engaged Fultz Maddox Dickens PLC as counsel.


SENIOR CARE: May Use KeyBank Cash Collateral on Final Basis
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
authorized Senior Care Centers, LLC and its debtor-affiliates to
use the cash collateral of KeyBank, N.A., on a final basis.

The Debtors will allow KeyBank, HUD, the Committee, and their
respective professionals and designees reasonable access, during
normal business hours, to the premises of the Debtors in order to
conduct appraisals, analyses, and/or audits of the Prepetition
Collateral, and will otherwise reasonably cooperate in providing
any other financial information requested by KeyBank, HUD, and the
Committee for these purpose.

KeyBank is granted replacement liens of the same extent, validity
and priority as KeyBank's prepetition liens upon all assets and
property of the KeyBank Debtors and their estates of any kind or
nature whatsoever, existing as of Jan. 23, 2019 or thereafter
acquired, including, without limitation, the Prepetition
Collateral, but excluding all claims and causes of action, and the
products and proceeds thereof, arising under or permitted by
Bankruptcy Code sections 502(d), 506(c), 544, 545, 547, 548, 549,
and 550 and any other avoidance claims and causes of action arising
under state or federal law. The replacement liens so granted are in
addition to all security interests, liens, and rights of setoff
existing in favor of KeyBank on the Petition Date, and are and will
be valid, perfected, enforceable, and effective as of the Petition
Date.

KeyBank is also granted an administrative claim status against the
KeyBank Debtors with a priority equivalent to a claim under
Bankruptcy Code sections 364(c)(1), 503(b), and 507(b), on a
dollar-for-dollar basis for and solely to the extent of any shown
Diminution in Value, which administrative claim will, among other
things, have priority over all other costs and expenses of the kind
specified in, or ordered pursuant to Bankruptcy Code sections 105,
328, 330, 331, 503(a), 503(b), 506(c), 507(a), 507(b), 546(c),
1113, and 1114.

A full-text copy of the Agreed Final Order is available at

           http://bankrupt.com/misc/txnb18-33967-561.pdf

                    About Senior Care Centers

Senior Care Centers, LLC -- https://senior-care-centers.com/ -- is
a Dallas-based, skilled nursing and long-term care industry leader
in Texas and Louisiana. Senior Care Centers operates and manages
more than 100 skilled nursing and assisted/independent living
communities in the states of Texas and Louisiana.

On Dec. 4, 2018, Senior Care Centers and 120 of its subsidiaries
filed voluntary Chapter 11 petitions (Bankr. N.D. Tex. Lead Case
No. 18-33967).

The Debtors tapped Polsinelli PC as bankruptcy counsel; Hunton
Andrews Kurth LLP as conflicts counsel; Sitrik and Company as
communications consultant; and Omni Management Group, Inc. as
claims, noticing, and administrative agent.


SHELLEY GRAY: $65K Sale of New Windsor Property to Gallagher Okayed
-------------------------------------------------------------------
Judge Cecelia G. Morris of the U.S. Bankruptcy Court for the
Southern District of New York authorized Shelley M. Gray and Roger
P. Gray to sell their right, title and interest in and to the
vacant real property located at 10 Ivy Rock Lane, New Windsor, New
York to John J. Gallagher for $65,000.

A hearing on the Motion was held on March 5, 2019.

The Debtors will convey their right, title and interest in said
real property free and clear of all liens and encumbrances and will
hereby be authorized to pay at closing the outstanding property
taxes and miscellaneous closing costs to transfer title.

The Debtors are not obligated to pay transfer tax to the County
upon the sale of the Property, as said sale arises out of a
bankruptcy proceeding.  

Shelley M. Gray and Roger P. Gray sought Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 18-36225) on July 24, 2018.  The Debtors
tapped Peter A. Pastore, Esq., at McNamee, Lochner, Titus &
Williams, P.C.


SS&C TECHNOLOGIES: S&P Assigns 'B+' Rating on New Sr. Unsec. Notes
------------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating and '6'
recovery rating to Windsor, Conn.-based SS&C Technologies Inc.'s
proposed $750 million senior unsecured notes due 2027. The '6'
recovery rating indicates S&P's expectation for negligible (0%-10%;
rounded estimate: 0%) recovery in the event of a default.

S&P's 'BB' issue-level rating and '3' recovery rating on the
company's existing term loan B (TLB) tranche (expected balances at
close: B1-$515 million, B3-$3.56 billion, B5-$1.86 billion) and
SS&C European Holdings S.A.R.L.'s TLB-4 ($1.64 billion expected
balance at close) remain unchanged.

The transaction is leverage neutral, with the proceeds of the
unsecured notes used to repay $750 million of the TLB-3 due 2025.
The note issuance helps improve SS&C Technologies' debt maturity
profile by extending the maturity of a portion of its outstanding
debt to 2027 from 2025. All of S&P's other ratings on the company
remain unchanged.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- S&P's simulated default scenario contemplates a default
occurring in 2024 due to fund consolidations or divestitures,
reflecting weak financial conditions and a prolonged depressed
trading environment.

-- S&P values the company on a going-concern basis using a 7.5x
enterprise value multiple of our projected emergence EBITDA.

Simulated default assumptions
-- Year of default: 2024
-- EBITDA at emergence: $637 million
-- EBITDA multiple: 7.5x
-- LIBOR at default: 2.5%

Simplified waterfall

-- Net enterprise value (after 5% administrative costs): $4.5
billion
-- Valuation split (obligors/nonobligors): 75%/25%
-- Collateral value available to first-lien debt: $4.5 billion
-- First-lien debt claims: $7.4 billion
    --Recovery expectations: 50%-70% (rounded estimate: 60%)
-- Collateral value available to unsecured debt: $0
-- Unsecured debt claims/deficiency claims: $770 million/$2.9
billion
    --Recovery expectations: 0%-10% (rounded estimate: 0%)

  RATINGS LIST

  SS&C Technologies Inc.
   Issuer Credit Rating         BB/Negative/--

  New Rating

  SS&C Technologies Inc.
   Senior Unsecured
    $750M Notes Due 2027        B+
    Recovery Rating             6(0%)


SS&C TECHNOLOGIES: S&P Raises Secured Term Loan B Rating to 'BB+'
-----------------------------------------------------------------
S&P Global Ratings on March 15 revised its recovery rating on
Windsor, Conn.-based SS&C Technologies Inc.'s term loan B (TLB)
tranche and SS&C European Holdings S.A.R.L.'s TLB-4 to '2' from
'3'.  The '2' recovery rating indicates S&P's expectation for
substantial (70%-90%; rounded estimate: 70%) recovery in the event
of a default.

At the same time, S&P raised its issue-level ratings on the TLBs to
'BB+' from 'BB' in accordance with its notching criteria for a '2'
recovery rating. All of S&P's other ratings on SS&C remain
unchanged.

S&P expects that the company will use the proceeds from the $1.25
billion upsize, along with the previously announced $750 million
note issuance, to repay a portion of its existing TLB-3 (expected
balances at close: B1-$515 million, B3-$2.31 billion, B5-$1.86
billion, and SS&C European Holdings S.A.R.L.'s B4-$1.63 billion).
The reduction in SS&C's TLB tranche balance following the
transaction improves the recovery prospects for the secured debt to
over 70%, which led S&P to revise its recovery ratings and raise
its issue-level ratings on the debt.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- S&P's simulated default scenario contemplates a default
occurring in 2024 due to fund consolidations or divestitures that
reflect weak financial conditions and a prolonged depressed trading
environment.

-- S&P values the company on a going-concern basis using a 7.5x
enterprise value multiple of its projected emergence EBITDA.

Simulated default assumptions

-- Year of default: 2024
-- EBITDA at emergence: $637 million
-- EBITDA multiple: 7.5x
-- LIBOR at default: 2.5%

Simplified waterfall

-- Net enterprise value (after 5% administrative costs): $4.5
billion
-- Valuation split (obligors/nonobligors): 75%/25%
-- Collateral value available to first-lien debt: $4.5 billion
-- First-lien debt claims: $6.2 billion
    --Recovery expectations: 70%-90% (rounded estimate: 70%)
-- Collateral value available to unsecured debt: $0
-- Unsecured debt claims/deficiency claims: $2.1 billion/$1.6
billion
    --Recovery expectations: 0%-10% (rounded estimate: 0%)

  RATINGS LIST

  SS&C Technologies Inc.
   Issuer Credit Rating      BB/Negative/--

  Issue-level Ratings Raised; Recovery Ratings Revised
                             To                 From
  SS&C Technologies Inc.
   Senior Secured            BB+                BB
    Recovery Rating          2(70%)             3(50%)

  SS&C European Holdings S.A.R.L.
   Senior Secured            BB+                BB
    Recovery Rating          2(70%)             3(50%)


ST. JOHN PENTECOSTAL: Allowed to Use AJ Partners Cash Collateral
----------------------------------------------------------------
The Hon. Martin Glenn of the U.S. Bankruptcy Court for the Southern
District of New York authorized St. John Pentecostal Church Inc. to
use the cash collateral of AJ Partners, LLC, effective nunc pro
tunc as of the Filing Date and continuing until an event of
termination.

The Church may use an aggregate amount up to but not in excess of
the actual anticipated cash needs of the Church during the Cash
Collateral Period, which amount shall not exceed by more than 10%
the amount set forth in the budget for such Cash Collateral.

The Church acknowledges that it has previously entered into a
Mortgage Note with Ponce De Leon Federal Bank pursuant to which
Ponce extended credit to the Church in the amount of $305,000 at a
fixed interest rate of 8.75%. To secure its obligations under the
Note, the Church entered into the First Mortgage which granted
Ponce a lien and security interest in the Residential Building, as
well as an assignment of rents. Ponce transferred its interest in
the Mortgage to AJ Partners, LLC. As of the Petition Date, AJ
Partners asserts that the outstanding amount owed by the Church
under the Note is $241,566.

AJ Partners is granted a replacement lien, only to the extent that
said lien was valid, perfected and enforceable as of the Petition
Date in the continuing order of priority of its pre-petition liens
without determination herein as to the nature, extent and validity
of said pre-petition liens and claim and to the extent Collateral
Diminution occurs during the Chapter 11 case, subject to:

      (a) the claims of Chapter 11 professionals duly retained and
to the extent awarded pursuant to sections 330 or 331 of the
Bankruptcy Code,

      (b) fees and expenses incurred in connection with any
investigation of the nature, extent and validity of the AJ
Partners' liens and security interests in the Cash Collateral,

      (c) U.S. Trustee fees pursuant to 28 U.S.C. Section 1930 and
31 U.S.C. Section 3717; and

      (d) the payment of any claim of any subsequently appointed
Chapter 7 Trustees to the extent of $20,000.

The Order states that the estate causes of action and the proceeds
of any recoveries of estate causes of action under sections 542
through 553 of the Bankruptcy Code will not be subject to any
Replacement Liens.

The Debtor will also (i) make monthly adequate protection payments
to AJ Partners in the fully amount provided for in the Note at the
contract non-default rate of interest and (ii) maintain all
necessary insurance naming AJ Partners as a notice party and loss
payee with respect thereto.

A copy of the Order is available at

           http://bankrupt.com/misc/nysb19-10195-21.pdf

                 About St. John Pentecostal Church

St. John Pentecostal Church Inc., a religious organization in New
York, filed a voluntary Chapter 11 petition (Bankr. S.D.N.Y. Case
No. 19-10195) on Jan. 23, 2019.  In the petition signed by Robert
Johnson, deacon, the Debtor estimated $1 million to $10 million in
assets and $100,000 to $500,000 in liabilities.  Erica Feynman
Aisner, Esq., at DelBello Donnellan Weingarten Wise & Wiederkehr,
LLP, is the Debtor's counsel.


SUNIVA INC: Plan Confirmation Hearing Scheduled for April 9
-----------------------------------------------------------
Bankruptcy Judge Kevin Gross approves Suniva, Inc.'s second amended
disclosure statement for its chapter 11 plan of reorganization.

The confirmation hearing will commence at 2:00 p.m. prevailing
Eastern Time on April 9, 2019 at the District of Delaware, 824
North Market Street, 6th floor, Courtroom No. 3, Wilmington,
Delaware.

The deadline for filing written objections to the plan is April 2,
2019 at 4:00 p.m. prevailing Eastern Time.

In the latest plan, convenience claimants in Class 5 are now
estimated to recover 15.6% instead of the 10.4% provided in the
previous plan.

The plan also provides that the Debtor filed a motion seeking to
enforce the Settlement Agreement with SQN Asset Servicing, LLC,
Wanxiang America Corporation, Lion Point Capital, L.P., on Feb. 13,
2019. Pursuant to the Motion to Enforce, the Debtor sought an order
finding that the terms of that certain Definitive Equipment Lease
and License Agreement were binding on the Debtor, the Equity
Purchaser, SQN, and Wanxiang. Subsequent to the filing of the
Motion to Enforce, the parties agreed on certain modifications to
the Definitive Equipment Lease and License Agreement to resolve
certain matters raised in the Motion to Enforce, but did not
resolve others (namely, responsibility for outstanding ad valorem
taxes, certain of which presently constitute liens against the
equipment.)

On Feb. 28, 2019, the Bankruptcy Court held a hearing on the Motion
to Enforce. On March 1, 2019, the Bankruptcy Court entered its
Memorandum Order, imposing the terms of the Definitive Equipment
Lease and License Agreement, as modified by agreement of the
parties, except the terms governing the treatment of certain 2017
and 2018 ad valorem taxes. The Bankruptcy Court has scheduled a
hearing on March 19, 2019, to determine responsibility for the 2017
and 2018 ad valorem taxes. If the Bankruptcy Court determines that
the Debtor is responsible for such taxes (totaling $1,706,916.51),
recoveries to general unsecured creditors will be reduced because
the Debtor will require additional funding to satisfy such taxes
and that funding will be netted against the Specified Distribution,
thereby reducing the amount of the Unsecured Creditor
Distribution.

A copy of the Second Amended Disclosure Statement is available at
https://tinyurl.com/y6b8v6ul from cases.gardencitygroup.com at no
charge.

                     About Suniva, Inc.

Founded in 2007 by Dr. Ajeet Rohatgi, Suniva, Inc. --
http://www.suniva.com/-- is a manufacturer of PV solar cells with
manufacturing facilities at its metro-Atlanta, Georgia headquarters
as well as in Saginaw, Michigan.

Impacted by Chinese manufacturers who are able to flood the U.S.
market for solar cells and modules with cheap imports, Suniva,
Inc., filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 17-10837) on April 7,
2017.  Suniva estimated $10 million to $50 million in assets and
$100 million to $500 million in debt.

The Hon. Kevin Gross is the case judge.

Kilpatrick, Townsend & Stockton LLP is serving as general counsel
to the Debtor. Potter Anderson & Corroon LLP is serving as Delaware
counsel, with the engagement led by Stephen R. McNeill, Jeremy
William Ryan.  Garden City Group, LLC, is the claims and noticing
agent.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on April 27,
2017, appointed five creditors of Suniva, Inc., to serve on the
official committee of unsecured creditors.  The Committee tapped
Seward & Kissel LLP as counsel, Morris, Nichols, Arsht & Tunnell
LLP as co-counsel, and Emerald Capital Advisors as financial
advisors.


SUPERIOR INDUSTRIES: S&P Alters Outlook to Neg., Affirms 'B' ICR
----------------------------------------------------------------
S&P Global Ratings revised its outlook on wheel manufacturer
Superior Industries International Inc. to negative from stable and
affirmed its 'B' issuer credit rating.

At the same time, S&P affirms its 'B' issue-level rating on
Superior's term loan and its 'B-' issue-level rating on its
unsecured notes. S&P's '3' recovery rating on the term loan and '5'
recovery rating on the unsecured notes remain unchanged.

Superior reported weaker-than-expected revenue and profitability
for 2018 and S&P expects that the company's profitability will
remain weak in 2019, causing its adjusted debt to EBITDA to remain
above 5x.

"The outlook revision reflects our expectation that Superior's
financial ratios will likely remain weak for the current rating,
particularly for a company exposed to the intense cyclicality of
the auto original equipment market. Specifically, we believe there
is an increased likelihood that the company's debt to EBITDA will
remain above 5x on a sustained basis," S&P said.  While Superior's
free operating cash flow (FOCF) will likely be positive (FOCF to
debt of more than 3%) in 2019, S&P believes the amount of cash the
company has available for debt repayment will be limited after the
company makes dividend payments on both its common and convertible
shares.

"The negative outlook on Superior Industries International Inc.
reflects our belief that the cushion in the company's financial
metrics will remain weak relative to our debt-to-EBITDA downgrade
threshold of 5.0x," S&P said.

"We would lower our ratings on Superior if we believe it is
unlikely that the company's debt to EBITDA will fall below 5x or if
its FOCF to debt falls below 3% on a sustained basis. This could
occur because of weaker demand for cars in the U.S. or Europe and
decreased penetration of the company's wheels on its main platforms
or if its launch-cost issues increase by more than current levels,"
S&P said.

S&P said it could revise its outlook on Superior to stable over the
next 12 months if the company increases its margins in North
America or pays down enough debt to reduce its leverage sustainably
below 5.0x. S&P would also expect the company to maintain a
FOCF-to-debt ratio of at least 5%.


SUZI'S SKIN & NAIL: Seeks Access to Wells Fargo Cash Collateral
---------------------------------------------------------------
Suzi's Skin & Nail Care Studio, Inc. doing business as Suzi's Salon
& Spa seeks authorization from the U.S. Bankruptcy Court for the
District of New Jersey to use cash collateral of Wells Fargo Bank
in the ordinary course of its business.

Based on the on the proposed budget, the Debtor projects total cash
disbursements of $1,076,388 through and including the period ending
Dec. 31, 2019. As indicated in the budget, the Debtor anticipates
that it will operate a positive cash flow over said period.

As of the Petition Date, the only creditor asserting a lien against
the Debtor's operating assets is Wells Fargo Bank, which holds a
lien in the approximate amount of $75,000 against substantially all
operating assets of the business. As such, Wells Fargo holds a lien
on substantially all of the Debtor's prepetition tangible and
intangible operating assets, together with the proceeds thereof.
The Debtor is current with monthly payments to Wells Fargo.

As a condition to the use of cash collateral, the Debtor must show
that Wells Fargo's interest in the collateral is adequately
protected. To the extent of any diminution in its pre-petition cash
collateral, the Debtor proposes to grant Wells Fargo a replacement
lien on all of its post-petition assets and afford protection to t
Wells Fargo under Section 507(b) of the Bankruptcy Code. The
proposed replacement lien on post-petition assets is to attach as a
first lien, just as it existed prior to the Petition Date.

The Debtor will also continue to insure its assets and maintain the
assets in good repair. Additionally, the Debtor will continue to
make regular payments to Wells Fargo in the amount of $2,203 per
month.

A copy of the Debtor's Motion is available at

                       
http://bankrupt.com/misc/njb19-13760-10.pdf

Suzi's Skin & Nail Care Studio Inc d/b/a Suzi's Salon & Spa, is
engaged in business as a salon and spa, filed a Chapter 11 petition
(Bankr. D.N.J. Case No. 19-13760), on Feb. 25, 2019. The case is
assigned to Judge John K. Sherwood. The Debtor is represented by
Robert L. Schmidt, Esq. at Ast & Schmidt, P.C.


SYNERGY PHARMACEUTICALS: D&O Not Released Parties Under Plan
------------------------------------------------------------
Synergy Pharmaceuticals, Inc., and Synergy Advanced
Pharmaceuticals, Inc., filed a third amended Chapter 11 Plan of
Reorganization and accompanying third amended disclosure statement
to disclose a global settlement, which provides that:

     "current officers and directors of the Debtors (the "Specified
Individuals") will not be "Released Parties" under the Plan.
However, the Plan provides that the Litigation Trust will not
enforce any judgment or settlement obtained against the Specified
Individuals unless such judgment or settlement is actually paid
from any available insurance coverage under the Debtors' D&O
Policies; provided that such prohibition shall not apply to any
Specified Individual in the event such Specified Individual (a)
fails to reasonably cooperate with any D&O Insurer to the fullest
extent requested by such D&O Insurer in the defense and/or
settlement of any Cause of Action brought against such Specified
Individual or any other party, (b) knowingly or unreasonably takes
any action that has the effect of impairing, or knowingly or
unreasonably fails to take any action necessary to preserve,
coverage under the D&O Policies for any Cause of Action brought
against such Specified Individual or any other party (provided that
a Specified Individual's election to satisfy these conditions and
take steps to qualify such Specified Individual for the protections
of the injunction described above shall not under any circumstances
be deemed to be knowingly or unreasonably taking an action or
failing to take an action for purposes of this subsection (b)), (c)
fails to satisfy any required co-insurance obligations, if any,
under the D&O Policies arising from any Cause of Action brought
against such Specified Individuals or (d) asserts any Claim
relating to any prepetition Indemnification Obligations in
violation of the Claims Assertion Protocol set forth in Section
9.14 of the Plan, without prejudice to any subrogation or other
rights of any D&O Insurer under the D&O Policies. For the avoidance
of doubt, each Specified Individual may, in his/her sole
discretion, elect to satisfy the foregoing conditions that qualify
such Specified Individual to the protections of the injunction
described in Section 9.08 of the Plan and the decision and/or acts
or omissions of one Specified Individual shall have no impact on
any other Specified Individual. The Claims Assertion Protocol set
forth in Section 9.14 of the Plan will govern the assertion and
allowance of indemnification claims by the Debtors’ current
directors and officers."

Pursuant to the terms of the global settlement, the Official
Committee of Unsecured Creditors has agreed to send a letter to
holders of General Unsecured Claims recommending that such holders
vote in favor of the Plan, and to affirmatively and actively
support confirmation of, and not object to, the Plan.

The Third Amended Plan further provides that prior to and after the
appointment of the Independent Director, the Debtors continued to
discuss the proposed release of the Debtors' current directors and
officers with the Committees and CRG. To that end, since filing the
Independent Director Motion, the Debtors have engaged in intensive,
good-faith negotiations with the Committees and CRG concerning the
scope of the Debtor releases in the Plan. Those discussions have
resulted in a global settlement.

Distributions under the Plan and the Plan Administrator's and the
Litigation Trustee's post-Effective Date operations will be funded
from the proceeds of the sale of substantially all of the Debtors'
assets to Purchaser, as contemplated by the Asset Purchase
Agreement and approved by the Sale Order and Cash existing in the
Estates as of the Effective Date, and as otherwise set forth in the
Litigation Trust Agreement and the Plan Administrator Agreement.

A redlined version of the Third Amended Disclosure Statement is
available https://tinyurl.com/y27y4osf from PrimeClerk.com at no
charge.

              About Synergy Pharmaceuticals

Synergy (NASDAQ: SGYP) -- http://www.synergypharma.com/-- is a
biopharmaceutical company focused on the development and
commercialization of novel gastrointestinal (GI) therapies.  The
company has pioneered discovery, research and development efforts
around analogs of uroguanylin, a naturally occurring human GI
peptide, for the treatment of GI diseases and disorders.  Synergy's
proprietary GI platform includes one commercial product TRULANCE(R)
(plecanatide) and a second product candidate - dolcanatide.

Synergy Pharmaceuticals Inc. (Lead Case) and its subsidiary Synergy
Advanced Pharmaceuticals, Inc., filed voluntary Chapter 11
petitions (Bankr. S.D.N.Y. Lead Case No. 18-14010) on Dec. 12,
2018.  

In the petitions signed by Gary G. Gemignani, executive vice
president and chief financial officer, the Debtors posted total
assets of $83,039,825 and total liabilities of $179,282,378 as of
Sept. 30, 2018.

The Debtors tapped Skadden, Arps, Slate, Meagher & Flom LLP as
bankruptcy counsel; Sheppard, Mullin, Richter & Hampton LLP as
special counsel; FTI Consulting, Inc. as financial advisor;
Centerview Partners Holdings LP as investment banker; and Prime
Clerk LLC, as notice and claims agent.

The U.S. Trustee for Region 2 on Jan. 29, 2019, appointed seven
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 cases.


TAG MOBILE: Trustee Taps Rosen Systems as Auctioneer
----------------------------------------------------
Robert Yaquinto, Chapter 11 trustee for TAG Mobile, LLC, received
approval from the U.S. Bankruptcy Court for the Northern District
of Texas to hire Rosen Systems Inc. as auctioneer and liquidator.

The firm will assist the trustee in connection with the sale of the
Debtor's personal properties, including equipment and furniture at
its office in Carrollton, Texas.

Rosen will charge a 15% buyer's premium on the gross sales and will
receive reimbursement for work-related expenses.  The actual
expenses are estimated to be approximately $2,500.

Rosen Systems is "disinterested" as defined in section 101(14) of
the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Kyle Rosen
     Rosen Systems Inc.
     2323 Langford St
     Dallas, TX 75208
     Phone: (972) 248-2266 / (800) 527-5134
     Fax: (972) 248-6887
     Email: info@rosensystems.com

                         About TAG Mobile

Founded in 2010, Tag Mobile, LLC's line of business includes
providing two-way radiotelephone communication services such as
cellular telephone services.

On Feb. 2, 2018, the U.S. Bankruptcy Court for the Northern
District of Texas issued an order converting Tag Mobile's case from
Chapter 7 to Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex.
Case No. 17-33791).  Judge Stacey G. Jernigan oversees the case.

The Debtor hired Eric A. Liepins, P.C., as its bankruptcy counsel,
and The Gibson Law Group as its special counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on April 11, 2018.  The creditors committee
tapped Nicoud Law as its legal counsel.

Robert Yaquinto Jr. was appointed as the Debtor's Chapter 11
trustee.  The trustee tapped Forshey & Prostok LLP as his legal
counsel.


THURSTON MANUFACTURING: May Use Cash Collateral Until May 31
------------------------------------------------------------
The Hon. Shon Hastings of the U.S. Bankruptcy Court for the
District of Nebraska granted Thurston Manufacturing Company
authority to use of cash collateral as provided in the Stipulation
from Petition Date to May 31, 2019 or the date of plan
confirmation, whichever comes first.

Not later than May 10, the Debtor must file a motion or stipulated
motion seeking additional relief if it intends to use of cash
collateral beyond May 31.  Interested parties are granted 14 days
to object.  The Court will hold a telephonic hearing on the cash
collateral motion on May 29, 2019 at 1:00 p.m.

Crestmark Bank, BizCapital Bidco I LLC and State Steel Supply
Company, which hold perfected security interests in Debtor's cash
collateral, consent to the use of cash collateral under the terms
outlined in the Stipulation.

According to the Stipulation, the Debtor acknowledges that as of
the Petition Date, the Debtor was indebted to (i) Crestmark in the
principal amount of $1,019,801, plus interest, fees and costs
allowed under the Crestmark Loan Agreement; (ii) Bidco in the
principal amount of approximately $3.3 million pursuant to the
Bidco Loan Agreement; and (iii) State Steel for inventory purchased
in the amount of $275,731.

The Stipulation provides that the Debtor will grant replacement
liens to the Crestmark, Bidco and State Steel in postpetition cash
collateral of the Debtor to the same extent, validity and priority
as such security interest existed on the Petition Date, and only to
the extent of the diminution in prepetition cash collateral. The
Debtor also agrees to grant the following as adequate protection:

      (i) Crestmark's, Bidco's and State Steel's liens and security
interests in their prepetition collateral will continue to attach
to Debtor's postpetition assets of the same kind as provided for in
their respective Loan Agreements;

     (ii) Crestmark will be paid and apply such payments in
accordance with the terms of the Crestmark Loan Agreement;

    (iii) The Debtor will continue to have accounts receivable sent
directly to Crestmark per the Crestmark Loan Agreement, and
provided that the Debtor is within the Advance Formula under the
Crestmark Loan Agreement and not otherwise in Default thereunder,
Crestmark will make Advances to Debtor;

     (iv) The Debtor will pay Bidco pursuant to the terms of the
Bidco Loan Agreement;

      (v) The Debtor will make adequate protection payments to
State Steel in the amount of $5,500 per month;

     (vi) The Crestmark Loan Agreement, the Bidco Loan Agreement,
the State Steel Credit Agrement, and the Intercreditor Agreement
entered into prepetition will remain in full force and effect; and

      (vii) The Debtor will work with Bidco to make its equipment
and facilities available to inspection so that Bidco can inspect
its collateral pursuant to the Bidco Loan Agreement and the
Intercreditor Agreement.

A copy of the Order is available at

          http://bankrupt.com/misc/neb19-80108-101.pdf

                About Thurston Manufacturing Company

Thurston Manufacturing Company, based in Thurston, NE, filed a
Chapter 11 petition (Bankr. D. Neb. Case No. 19-80108) on Jan. 23,
2019.  In the petition signed by CEO Ryan J. Jensen, the Debtor
estimated $1 million to $10 million in both assets and liabilities.
The Hon. Shon Hastings oversees the case.  Elizabeth M. Lally,
Esq., at Goosman Law Firm PLC, serves as bankruptcy counsel.


TOTAL FINANCE: Seeks to Hire Sidley Austin as Attorney
------------------------------------------------------
Total Finance Investment Inc., and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the Northern District
of Illinois to employ Sidley Austin LLP, as attorney to the
Debtors.

Total Finance requires Sidley Austin to:

   (a) provide legal advice with respect to the Debtors' powers
       and duties as debtors in possession in the continued
       operation and/or wind-down of the Debtors' businesses, as
       applicable;

   (b) take all necessary actions to protect and preserve the
       Debtors' estates, including the prosecution of actions on
       the Debtors' behalf, the defense of any actions commenced
       against the Debtors, the negotiation of disputes in which
       the Debtors are involved and the preparation of objections
       to claims filed against the Debtors' estates;

   (c) prepare on behalf of the Debtors, as debtors in
       possession, all necessary motions, applications, answers,
       orders, reports and other court filings in connection with
       the administration of the Debtors' estates;

   (d) advise and assist with any sale or other disposition of
       the Debtors' assets;

   (e) prepare on behalf of the debtors a chapter 11 plan,
       disclosure statement, and all related agreements and
       documents, and take appropriate action on behalf of the
       Debtors to obtain confirmation of such plan;

   (f) provide legal advice and perform legal services with
       respect to matters relating to corporate governance, the
       interpretation, application or amendment of the Debtors'
       organizational documents, material contracts, and matters
       involving the fiduciary duties of the Debtors and their
       officers, directors and managers; and

   (g) perform all other necessary legal services in connection
       with the prosecution of these chapter 11 cases.

Sidley Austin will be paid at these hourly rates:

     Attorneys                $520 to $1,400
     Paraprofessionals        $205 to $445

On March 27, 2018, Sidley Austin received $100,000 from the
Debtors, which constituted an advance payment retainer. The Debtors
subsequently paid to Sidley Austin certain additional Advance
Payment Retainers, which, taken together with the initial Advance
Payment Retainer, total $4,167,271.01 in the aggregate.

Sidley Austin will also be reimbursed for reasonable out-of-pocket
expenses incurred.

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, the
following is provided in response to the request for additional
information:

   a. Sidley Austin did not agree to any variations from, or
      alternatives to, its standard or customary billing
      arrangements for this engagement.

   b. The hourly rates of the Sidley Austin professionals
      representing the Debtors are consistent with the rates that
      Sidley Austin charges other chapter 11 clients, regardless
      of the geographic location of the chapter 11 case.

   c. The billing rates and material financial terms of Sidley
      Austin's prepetition engagement by the Debtors are as set
      forth in the Application. Such billing rates and material
      financial terms have not changed post-petition compared
      to services provided to the Debtors prepetition.

   d. Sidley Austin, in conjunction with the Debtors, is
      developing a prospective budget and staffing plan for these
      chapter 11 cases for the period from the Petition Date to
      and including April 30, 2019.

Bojan Guzina, partner of Sidley Austin LLP, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Sidley Austin can be reached at:

     Bojan Guzina, Esq.
     Jackson T. Garvey, Esq.
     SIDLEY AUSTIN LLP
     One South Dearborn Street
     Chicago, IL 60603
     Tel: (312) 853-7000
     Fax: (312) 853-7036

                 About Total Finance Investment

Founded in 2000, Total Finance Investment and its subsidiaries --
http://www.totalfinance.net/-- are operators of buy-here, pay-here
(BHPH) used automobile dealership in Illinois and in the greater
Chicagoland area.  The Company sold used vehicles at their
dealership locations, provided financing to customers to facilitate
their purchase of the Company's vehicles and certain add-on
products, and operated an independent insurance broker through
which the Company helped their customers secure automobile
insurance coverage from third-party insurance providers.

Total Finance Investment Inc. and 6 affiliates sought Chapter 11
protection (Bankr. N.D. Ill. Lead Case No. 19-03734) on Feb. 13,
2019.

The Debtors estimated $100 million to $500 million in assets $50
million to $100 million in liabilities as of the bankruptcy
filing.

The Hon. Carol A. Doyle oversees the case.

The Debtors tapped SIDLEY AUSTIN LLP as bankruptcy counsel; TOGUT,
SEGAL & SEGAL LLP as special counsel; DEVELOPMENT SPECIALISTS,
INC., as interim management services provider; PORTAGE POINT
PARTNERS, LLC, as financial advisor; KEEFE, BRUYETTE & WOODS and
MILLER BUCKFIRE & CO., LLC as investment banker; and KURTZMAN
CARSON CONSULTANTS LLC as claims and noticing agent.


TOWN STAR: $2.9M Sale of All Assets to GPM Investments Approved
---------------------------------------------------------------
Judge Caryl E. Delano of the U.S. Bankruptcy Court for the Middle
District of Florida authorized Town Star Holdings, LLC's sale of
substantially all of its assets to GPM Investments, LLC, for
approximately $2.9 million.

The Sale Hearing was held on Feb. 27, 2019.

Pursuant to Section 365(a) of the Bankruptcy Code, the Debtor is
authorized to and will assume the following leases:  

     a. that certain Amended and Restated Master Lease Agreement by
and between Spirit SPE Portfolio CA C-Stores, LLC, as landlord, and
Town Star Holdings, LLC, as tenant, made as of Oct. 29, 2015, as
amended from time to time;

     b. that certain Master Lease Agreement by and between Spirit
FL Town Star 2014-2, LLC, as landlord, and Town Star Holdings, LLC,
as tenant, made as of Oct. 30, 2014, as amended from time to time;


     c. that certain Lease Agreement (3990 SR 710 Property) between
Spirit FL Town Star 2014-2, LLC, as landlord, and Town Star
Holdings, LLC, as tenant, made as of Oct. 30, 2014, as amended from
time to time;

     d. that certain Lease Agreement (12800 SR 70 Property) between
Spirit FL Town Star 2014-2, LLC, as landlord, and Town Star
Holdings, LLC, as tenant, made as of Oct. 30, 2014, as amended from
time to time; and

     e. that certain Lease Agreement (1624 Gator Property) between
Spirit FL Town Star 2014-2, LLC, as landlord, and Town Star
Holdings, LLC, as tenant, made as of Oct. 30, 2014, as amended from
time to time.

The Debtor is authorized to and will assign the Spirit Leases to
the Buyer as of the Closing Date, which Spirit Leases will
immediately thereafter be amended and restated between Buyer and
Spirit on the terms Spirit and Buyer will have agreed upon the
Closing Date.

Pursuant to sections 365(b)(1)(A) and (B) of the Bankruptcy Code,
simultaneously with the Debtor's assumption and assignment of the
Spirit Leases, the Debtor will pay Spirit all amounts due Spirit
consistent with the Spirit Leases.  If the Debtor and Spirit cannot
agree upon the amount of the Spirit Cure, such parties will request
the Court determines the amount of the Spirit Cure.


The Debtor will remain liable for any and all environmental
obligations arising on or before the date the Debtor assumes and
assigns the Spirit Leases to the Buyer, and will indemnify Spirit
from any such obligations to the extent set forth in the Spirit
Leases.

Based upon the Buyer's selection of non-Spirit executory contracts
to assume or reject, the Debtor is hereby authorized to assume and
assign (or reject) the remaining real estate leases and other
executory contracts, as directed by the Buyer, consistent with the
Sale Terms on appropriate motion and notice.  If the Debtor and the
executory contract counterparty can agree, a stipulated order on
the motion may be submitted to the Court for entry without the need
for hearing.  If the parties cannot agree on the cure amount to be
paid, the Court will hear and resolve such dispute.

The Debtor and Buyer are authorized to proceed with the sale of
Assets on the terms and conditions set forth in the Sale Terms.

On the Closing Date of the APA, the Buyer will fund the cash
proceeds from the closing of the APA into an escrow account pending
all compliance with closing obligations.  After payment of the
Spirit Cure, the remaining closing proceeds will thereafter be
deposited into a DIP depository account to be held with the
Debtor's counsel, Steven M. Berman, to be the sole signatory with
the funds being disbursed solely as set forth or on further Order
of the Court.

The sale is free and clear of the liens, claims, encumbrances, and
other interests in the Assets.  Except as is otherwise directed by
the Court pursuant to separate Order, the proceeds from the sale of
the Assets will be distributed pursuant to a confirmed Chapter 11
Plan.

To the extent any of the motor vehicles to be transferred to the
Buyer, pursuant to the APA, are subject to Ford Motor Credit Co.
("FMCC")'s liens, if the Buyer elects to take ownership of such
vehicles subject to FMCC liens, then the Debtor is authorized and
directed to pay FMCC on any outstanding secured indebtedness from
the Closing Proceeds.

If the Buyer elects to take possession of any vehicles subject to
FMCC leases, then the Debtor will file a motion to assume and
assign such leases and it will be the Buyer's responsibility to
make the payments on such vehicles in accordance with such leases.


In the event the Buyer takes possession of either financed or
leased vehicles, Buyer will provide proof of insurance forthwith
naming FMCC as the loss payee.  In the event any financed or leased
vehicle is not taken by the Buyer, then the automatic stay will be
deemed terminated forthwith and FMCC may recover its vehicles from
the Debtor pursuant to consensual surrender.

The Court will enter separate orders granting the following Motions
to Compel Assumption or Rejection.

Notwithstanding the provisions of Bankruptcy Rules 6004(h) and
6006(d), there is no stay pursuant to Bankruptcy Rule 6004(h) or
6006(d) and the Order will be effective and enforceable immediately
upon entry.  

Additionally, the relief requested in the Sale Motion was ordered
orally and recorded in open Court at approximately 10:30 a.m. on
Feb. 27, 2019 notwithstanding the Order's subsequent entry.

The counsel for the Debtor will serve a copy of the Order by mail
to all creditors and other parties in interest, who were not served
electronically.

A copy of the APA attached to the Motion is available for free at:

     http://bankrupt.com/misc/Town_Star_125_Order.pdf

                   About Town Star Holdings

Headquartered in Fort Myers, Florida, Town Star Holdings, LLC, owns
convenience stores.

Town Star Holdings filed a Chapter 11 petition (Bankr. M.D. Fla.
Case No. 19-00667) on Jan. 25, 2019.  At the time of the filing,
the Debtor estimated under $10 million in both assets and
liabilities.  The Debtor tapped Steven M. Berman, Esq., at
Shumaker, Loop & Kendrick, LLP, as its legal counsel.


VBI VACCINES: EisnerAmper LLP Raises Going Concern Doubt
--------------------------------------------------------
VBI Vaccines Inc. filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K, disclosing a net loss of
$63,600,000 on $3,355,000 of revenues for the year ended Dec. 31,
2018, compared to a net loss of $38,995,000 on $865,000 of revenues
for the year ended in 2017.

The audit report of EisnerAmper LLP states that the Company has
incurred, and it anticipates it will continue to incur, significant
losses and generate negative operating cash flows and as such will
require significant additional funds to continue its development
activities to ultimately achieve commercial launch of its products.
These factors raise substantial doubt about its ability to continue
as a going concern.

The Company's balance sheet at Dec. 31, 2018, showed total assets
of $137,605,000, total liabilities of $39,472,000, and a total
stockholders' equity of $98,133,000.

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

                       https://bit.ly/2HvBzYz

VBI Vaccines Inc., a biopharmaceutical company, develops and sells
vaccines to address unmet needs in infectious disease and
immuno-oncology in Israel and internationally. The company is
headquartered in Cambridge, Massachusetts. VBI Vaccines Inc. is a
subsidiary of FDS Pharma ASS.



VIASAT INC: Fitch Assigns First-Time 'B+' IDR, Outlook Stable
-------------------------------------------------------------
Fitch Ratings has assigned a first-time Issuer Default Rating (IDR)
of 'B+' to Viasat, Inc. The Rating Outlook is Stable. Fitch has
also assigned a 'BB+'/'RR1' to the company's senior secured
revolving credit facility and a 'B'/'RR5' rating to the company's
senior unsecured notes.

Viasat's 'B+' rating reflects the company's strong revenue growth
prospects for fiscal 2019 and fiscal 2020, with growth in all three
of its business segments. This is balanced against moderately high
leverage as the company is funding the capital associated with its
satellite build program, including two high-capacity satellites
that are expected to be launched around the beginning of calendar
year 2021, with a third thereafter. The major boost in capacity
provided by these satellites should lead to a slower rate of
deployment of satellites in future years, leading to improved FCF.

KEY RATING DRIVERS

Moderately High Leverage and Strong Revenue Growth: Reflective of a
conservative base case, Fitch estimates Viasat's gross leverage
will peak at approximately 5.0x at the end of its 2020 fiscal year
(ending March 31, 2020). This is moderately higher than the most
recent available actual fiscal yearend, as gross leverage was 4.6x
at the end of fiscal 2018. Fitch expects gross leverage to be
moderately lower at the end of fiscal 2019, with growth in EBITDA
and the application of ViaSat-2 related insurance proceeds to the
repayment of debt. The placement of the ViaSat-2 satellite into
service in the fourth quarter of FY2018 has led to strong revenue
growth through the first nine months of FY2019. Year to date
revenues have growth 31% and EBITDA has increased near that level.
Revenue expectations remain relatively strong for fiscal 2019 and
2020, given growth in all three business segments.

FCF Deficits from High Capital Spending: Viasat is in the midst of
a high capital spending period as it is building three third
generation high throughput satellites at a total cost of $2 billion
or more. The first of these satellites is expected to be launched
as early as late calendar 2020 but more likely in early 2021, which
when placed into service following in-orbit testing, is expected to
lead to increases in revenue as the satellite's capacity gets
utilized. Capex is expected to remain high as the second satellite
will be launched about six months later and the third in the second
half of calendar 2022. The major boost in capacity provided by
these satellites should lead to a slower deployment of satellites
in the following years, leading to improved FCF. The company has
indicated as a frame of reference that positive FCF may follow two
years after the launch of its first ViaSat-3 satellite.

Debt Funding: The continued build out of the first two of the
ViaSat-3 satellites is expected to cause Viasat to enter the
capital markets to fund the build out. In FY2017, the company
raised net proceeds of approximately $500 million from an equity
offering to support the initial investments in ViaSat-3. Fitch has
not assumed the issuance of equity in the forecast period.

Execution Risk: Viasat is in the construction phase of a three
satellite constellation that will require the company to not only
execute on the construction phase of the satellites but to continue
to execute on growth strategies to sustain EBITDA and cash flow
growth. The company is expected to benefit from a growing revenue
backlog.

Revenue Backlog: Viasat had a $1.8 billion backlog at Dec. 31,
2018, of which approximately one half is expected to be delivered
over the next twelve months. The company does not include amounts
in backlog if the company has does not have purchase orders. The
backlog does not include anticipated purchase orders for commercial
aircraft in-flight connectivity (IFC) systems or service revenues
under agreements. Of the additional 638 aircraft where IFC systems
were expected to be installed, only 190 had revenues in backlog
since the purchase orders had been accepted. A majority of the
company's contracts can be terminated at the convenience of its
customers for little or no penalties.

Vertical Integration: Viasat benefits from vertical integration,
which drives cost efficiencies. The satellites network systems
benefit from the ability of Viasat to develop and end-to-end
platform of satellites, ground networking equipment and user
terminals. The advances with respect to ViaSat-3 are expected to
drive further efficiencies.

Revenue Concentration: Viasat's five largest contracts provided 20%
of its revenues in fiscal 2018, about the same level as prior
fiscal years. The largest contracts by revenue were related to
tactical data links products and fixed satellite networks. The
company's largest customer is the U.S. government, which produced
nearly 31% of revenues in fiscal year 2018, up from prior year
amounts of 29% and 24% in fiscal 2017 and fiscal 2016,
respectively. The U.S. government revenues are dispersed across
various military branches, agencies and other government branches,
and revenues are derived from a wide range of products and
services.

Asset Risk: Satellites are subject to periodic failure of their
various components, although satellites in most cases have built-in
redundant systems. The small size of Viasat's fleet somewhat
elevates its asset risk. The company's risk will be partly offset
as it launches its third generation satellites as the beams can be
redirected, if need be, where coverage has been reduced, and this
generation of satellites will add a significant amount of capacity
with which the company can have additional redundancies.

Strong Competitive Position: Viasat operates with a strong
competitive position within certain business segments, including
the satellite services segment (fixed residential broadband and
in-flight connectivity) and government systems segment. In
satellite services, Viasat's competitors may have weaker financial
profiles or technology positions. In the government systems
segment, the company has solid positions in tactical data
links/Link 16 and in encryption devices. In this segment, Viasat
faces competition from higher rated companies with stronger and
more diversified businesses.

DERIVATION SUMMARY

In the satellite services business, as a provider of communications
infrastructure, comparable businesses to Viasat would be Telesat
Canada and Intelsat, both fixed satellite service operators. In
addition, another infrastructure type provider would be tower
operator SBA Communications, which leases space on towers and
ground space to wireless carriers, and is a key part of the
wireless industry infrastructure. Unlike Intelsat and Telesat or
SBA, Viasat provides services directly to consumers in its
satellite services segment. Given its vertically integrated
strategy, which not only includes satellite services but the
development and manufacture of equipment, the company's EBITDA
margins are lower than the pure service providers.

In the in-flight connectivity segment, Viasat competes against GoGo
Inc., Global Eagle, Inmarsat and Panasonic Avionic Corporation.

In the Government Systems and Commercial Systems segments, Viasat
competes against higher rated companies that have access to much
greater resources. In the Government Systems segment, there are
numerous competitors, but major competitors in the manufacture of
defense electronic against which Viasat competes include BAE
Systems plc (BBB/Stable) and United Technologies following its
acquisition of Rockwell Collins.

In the Commercial Networks segment, the company also competes
against much larger companies, included Airbus SE (A-/Stable),
General Dynamics, L-3 Technologies (BBB-/Watch Positive) and Space
Systems/Loral (Maxar Technologies).

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

  -- In a conservative base case forecast, Fitch assumes revenue
growth in the mid-20% range for FY2019, declining to an average in
the 10%-12% range over FY2020 and FY2021;

  -- Fitch calculated EBITDA margins expand from the mid-teens in
FY2019 to approximately 20% in FY2021;

  -- The company is assumed to issue debt and/or draw on its
revolver to fund its satellite build program;

  -- Over 2019-21, capex is approximately $800m annually;

  -- The first ViaSat-3 launch is completed early in calendar
2021.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to
Positive Rating Action

  -- Gross debt leverage, and net FFO leverage, sustained below
5.0x and 5.5x, respectively, combined with the successful launch
and deployment of service on the first ViaSat-3 satellite.
Developments That May, Individually or Collectively, Lead to
Negative Rating Action

  -- Gross debt leverage and net FFO leverage sustained above 6.0x
and 6.5x, respectively;

  -- Material delays or issues with respect to anticipated
satellite launches, or delays in achieving revenue and EBITDA
growth from future satellites.

LIQUIDITY

Liquidity: Viasat's liquidity is relatively strong, taking into
account the availability on its revolver and available cash
balances, and is partly offset by FCF deficits. At Dec. 31, 2018,
cash and cash equivalents amounted to $43 million. Fitch expects
FCF of $110 million in FY2019 (or a deficit of $62 million if
insurance proceeds related to ViaSat-2 are excluded). FCF deficits
ranged from approximately $150 million to $230 million in
FY2016-2018.

At Dec. 31, 2018, Viasat had approximately $455 million of capacity
on its $800 million revolver (in place until January 2024), after
taking into account approximately $325 million in borrowings and
$20 million in letters of credit. Viasat also had $152 million
outstanding under an Export-Import Bank of the United States
(Ex-Im) credit facility, a senior secured direct loan facility. The
company had fully drawn $362 million under the Ex-Im credit
facility. Of the amount borrowed, approximately $321 million was
used to finance up to 85% of the cost of construction, launch and
insurance of the ViaSat-2 satellite and related costs. Upon the
receipt of the insurance proceeds related to ViaSat-2, the entire
proceeds of $172.2 million were used to pay down the facility, as
required.

Other than amortizations related to the Ex-Im credit facility
(about $20 million annually) there are no major maturities until
the revolver matures in January 2024.

The company is required by the terms of its senior secured credit
facilities to have insurance on 75% of the net book value of
certain covered satellites. The company has in-orbit insurance on
ViaSat-2, ViaSat-1, WildBlue-1 and the Anik F2 satellites.

FULL LIST OF RATING ACTIONS

Fitch has assigned these ratings:

Viasat, Inc.

  -- Long Term Issuer Default Rating (IDR) 'B+';

  -- $800MM First Lien Senior Secured Revolver 'BB+'/'RR1';

  -- $152.3MM First Lien Senior Secured Term Loan (Ex-Im Credit
Facility) 'BB+'/'RR1';

  -- $700MM Senior Unsecured Bonds 'B/RR5'.


VTV THERAPEUTICS: Ernst & Young LLP Raises Going Concern Doubt
--------------------------------------------------------------
vTv Therapeutics Inc. filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K, disclosing a net loss
(before noncontrolling interest) of $23,845,000 on $12,434,000 of
revenue for the year ended Dec. 31, 2018, compared to a net loss
(before noncontrolling interest) of $54,647,000 on $291,000 of
revenue for the year ended in 2017.

The audit report of Ernst & Young LLP states that the Company has
not generated any product revenue, has not achieved profitable
operations, has insufficient liquidity to sustain operations and
has stated that substantial doubt exists about the Company’s
ability to continue as a going concern.

The Company's balance sheet at Dec. 31, 2018, showed total assets
of $8,559,000, total liabilities of $28,930,000, and a total
stockholders’ deficit attributable to vTv Therapeutics Inc. of
$82,853,000.

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

                       https://bit.ly/2F9FS9t

vTv Therapeutics Inc., a clinical-stage biopharmaceutical company,
discovers, develops, and sells orally administered small molecule
drug candidates worldwide.  The Company was founded in 2015 and is
headquartered in High Point, North Carolina.  vTv Therapeutics Inc.
is a subsidiary of vTv Therapeutics Holdings LLC.


WARNER MUSIC: S&P Hikes ICR to BB- on Strong Operating Performance
------------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Warner Music
Group Corp. (WMG) to 'BB-' from 'B+'. The outlook is stable.

S&P also raised its issue-level rating on the senior secured debt
to 'BB-' from 'B+'; the recovery rating on this debt remains '3'.
It raised its issue-level rating on the senior unsecured notes to
'B+' from 'B'; the recovery rating on this debt remains '5'.

The upgrade reflects S&P's expectations that WMG's adjusted
leverage will decline and remain below 5.0x over the next 12 months
and FOCF to debt will remain around 10%. The upgrade also reflects
the company's consistent de-leveraging through EBITDA growth and
its publicly stated financial policy on cash flow priorities.
According to S&P, WMG's strong operating performance mirrors the
music industry's expansion in general as the latter continues to
benefit from robust growth in digital streaming that is more than
offsetting the secular declines in physical sales and digital
downloads. S&P expects the company to continue making annual
dividend distributions from internal cash flow generation and
moderate-size, debt-funded acquisitions that will keep leverage
below 5.0x on a sustained basis.

"Our assessment of WMG's business risk incorporates our view of the
company's large and well-diversified global portfolio of recordings
and compositions across multiple genres, its position as the
third-largest global record company, and the continued secular
trends affecting the recorded music industry, including threats to
the growth momentum and evolving revenue-sharing models," S&P
said.

S&P said the stable outlook reflects its expectation that WMG will
continue to experience high-single-digit revenue growth over the
next 12 months mainly driven by digital streaming, mirroring music
industry growth trends. S&P's outlook also reflects its expectation
that deleveraging will come from EBITDA growth not voluntary debt
paydowns.

"We could raise our issuer credit rating on WMG if the company is
able to reduce and maintain leverage below the mid-4.0x area on a
sustained basis. An upgrade would also depend on WMG's ability to
continue benefitting from secular growth trends in the music
industry while maintaining or growing its market share," S&P said.
This includes successful expansion of digital streaming services to
new and existing markets and an improved regulatory environment
that reduces copyright infringement, according to S&P.

"We could downgrade the company if leverage rises above 5.0x and
free operating cash flow to debt declines below 10% on a sustained
basis. This could occur if operating performance deteriorates
leading to lower-than-expected EBITDA growth, driven by a slowdown
or reversal in growth trends within the music industry or market
share losses," S&P said. "We could also lower our rating if the
company adopts a more aggressive financial policy stemming from
large debt-funded dividend distributions and a tolerance for
leverage above 5.0x on a sustained basis."


WEATHERLY OIL: U.S. Trustee Forms 3-Member Committee
----------------------------------------------------
The Office of the U.S. Trustee on March 15 appointed three
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case of Weatherly Oil & Gas, LLC.

The committee members are:

     (1) Halliburton Energy Services
         2601 E. Beltline Rd. #1A201
         Carrollton, Texas 75006
         Steve Reames
         (972) 418-3221

     (2) Red Dog Oil Tools, Inc.
         P.O. Box 1844
         Magnolia, Arkansas 71754
         John Vick
         (870) 234-9966

     (3) Bass Energy Services, LLC
         P.O. Box 1890
         Waskom, Texas 75692
         Timothy J. Crain
         (903) 687-1800

Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                   About Weatherly Oil & Gas LLC

Weatherly Oil & Gas, LLC -- https://www.weatherlyop.com -- is a
Fort Worth-based oil and natural gas company primarily focused on
exploiting natural resources in the Ark-La-Tex region.  It is
operated by an affiliate Weatherly Operating, LLC.

Weatherly Oil & Gas, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Texas Case No. 19-31087) on February
28, 2019.  At the time of the filing, the Debtor had estimated
assets of $50 million to $100 million and liabilities of $100
million to $500 million.  

The case has been assigned to Judge Marvin Isgur.

The Debtor tapped Jackson Walker LLP as its legal counsel; Tenoaks
Energy Partners, LLC as sales agent; Ankura Consulting Group, LLC
as restructuring advisor; and Epiq Corporate Restructuring LLC as
notice and claims agent.


WJA ASSET: Can Effectuate Distributions & Dissolve CA Express
-------------------------------------------------------------
Judge Scott C. Clarkson of the U.S. Bankruptcy Court for the
Central District of California authorized WJA Asset Management, LLC
("WJAAM") to exercise its management rights in order to effectuate
the final distributions and the dissolution of CA Express Fund II,
LLC.

WJAAM is authorized to wind down CA Express and to make
distributions, including those made since WJAAM filed its case and
those contemplated to be made consistent with the spreadsheet
attached to the Motion and as set forth in the Motion.

A copy of the Motion is available for free at:

     http://bankrupt.com/misc/WJA_Asset_796_Sales.pdf

                  About WJA Asset Management

Luxury Asset Purchasing International, LLC, et al., are part of a
network of entities or "Funds" formed to offer a range of
investment opportunities to individuals.  Many of the existing
funds are performing and some Funds had substantial gains.
However, certain Funds, i.e., those invested in private trust deeds
secured by real estate, suffered losses.

William Jordan Investments, Inc. ("Advisor"), is a registered
investment advisor.  Laguna Hills, California-based WJA Asset
Management, LLC ("Manager"), is the managing member of Luxury, et
al.  William Jordan was the president and sole owner of Advisor
and
was the sole member and manager of Manager.

On May 18, 2017, Luxury and its affiliates filed voluntary
petitions under Chapter 11 of the United States Bankruptcy Code.
On May 25, 2017, four other affiliated filed voluntary Chapter 11
petitions.  On June 6, 2017, CA Real Estate Opportunity Fund III
filed its Chapter 11 petition.  The Debtors' cases are jointly
administered under Bankr. C.D. Cal. Lead Case No. 17-11996, and the
Debtors continue to operate their businesses and manage their
affairs as DIP.

Pursuant to court orders, Howard Grobstein is now serving as the
chief restructuring officer of the Debtors and Mr. Jordan no longer
has any ongoing role in the Debtors' operations.

At the time of the filing, WJA estimated assets of less than
$500,000 and liabilities of $1 million to $10 million.  

Judge Scott C. Clarkson presides over the cases.

Lei Lei Wang Ekvall, Esq., Philip E. Strok, Esq., Robert S.
Marticello, Esq., and Michael L. Simon, Esq., at Smiley
Wang-Ekvall, LLP, serve as counsel to the Debtors.  Ann Moore of
Norton Moore Adams has been tapped as special counsel.  Elite
Properties Realty is the broker.


Z GALLERIE: Taps Stretto as Claims Agent
----------------------------------------
Z Gallerie, LLC, and Z Gallerie Holding Company, LLC, received
approval from the U.S. Bankruptcy Court for the District of
Delaware to hire Stretto as claims and noticing agent.

The firm will oversee the distribution of notices and the
maintenance, processing and docketing of proofs of claim filed in
the Debtors' Chapter 11 cases.

Stretto received $10,000 as advance payment from the Debtors prior
to their bankruptcy filing.

James Le, chief operating officer of Stretto, disclosed in a court
filing that his firm is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

Stretto can be reached through:

     James M. Le
     Stretto
     410 Exchange, Suite 100
     Irvine, CA 92602
     Phone: 714.716.1844
     Email: james.le@stretto.com

                         About Z Gallerie

Z Gallerie, LLC -- https://www.zgallerie.com/ -- is a retailer of
home decor products.  It operates 76 retail stores in 28 states as
of the petition date.  

Z Gallerie and its affiliate Z Gallerie Holding Company, LLC,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Del. Lead Case No. 19-10488) on March 11, 2019.

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

The Debtors tapped Klehr Harrison Harvey Branzburg LLP and Kirkland
& Ellis as legal counsel; Lazard Middle Market LLC as investment
banker; Berkeley Research Group, LLC as restructuring advisor; and
Stretto as claims and noticing agent.


Z-1 MANAGEMENT: $280K Sale of Two Memphis Lots to Tabor Denied
--------------------------------------------------------------
Judge Paulette J. Delk of the U.S. Bankruptcy Court for the Western
District of Tennessee denied Z-1 Management, LLC's sale of two
unimproved lots on Monroe Avenue in Memphis, Tennessee, described
as 21878 Monroe (Tax Parcel ID: 028-005-00024) and 0 Monroe (Tax
Parcel ID 028-005-00023), to Eric Tabor for $280,000.

Larry Bloch and General Investments, LLC, have agreed to a credit
bid of $380,000, less taxes, for the Property (plus an adjacent
parcel), which exceeds the proposed sale price.  A separate Order
granting Larry Bloch and General Investments, LLC's Motion to Lift
Automatic Stay will be entered.

                     About Z-1 Management

Z-1 Management, LLC, is a privately held company whose principal
assets are located at 3035 Directors Row Memphis, Tennessee.

Z-1 Management filed a Chapter 11 petition (Bankr. W.D. Tenn. Case
No. 18-21898) on March 2, 2018.  In the petition signed by Lawrence
Migliara, Jr., member, the Debtor estimated $1 million to $10
million in assets and liabilities.  

The Hon. Paulette J. Delk is the case judge.

Russell W. Savory at Beard & Savory, PLLC, is the Debtor's counsel.
Jeff Waddell of Crye-Leike Realtors is the real estate agent.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case.


ZOMEDICA PHARMACEUTICALS: MNP LLP Raises Going Concern Doubt
------------------------------------------------------------
Zomedica Pharmaceuticals Corp. filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K, disclosing a
Net loss and comprehensive loss of $16,647,687 on $0 of Revenue for
the year ended Dec. 31, 2018, compared to a Net loss and
comprehensive loss of $8,065,072 on $0 of Revenue for the year
ended in 2017.

The audit report of MNP LLP states 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.

The Company's balance sheet at Dec. 31, 2018, showed total assets
of $6,033,519, total liabilities of $2,376,519, and a total
shareholders' equity of $3,657,000.

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

                       https://bit.ly/2T0wppD

Zomedica Pharmaceuticals Corp., a development stage veterinary
diagnostic and pharmaceutical company, engages in the discovery,
development, and commercialization of pharmaceuticals for the
companion pet.  The Company's lead drug product candidate is
ZM-012, a tablet formulation of metronidazole targeting the
treatment of acute diarrhea in dogs.  It is also developing ZM-007,
an oral suspension formulation of metronidazole for the treatment
of acute diarrhea in small dog breeds and puppies; ZM-006, a
transdermal gel formulation of methimazole targeting
hyperthyroidism in cats; and ZM-011, a transdermal gel formulation
of fluoxetine for the treatment of feline behavioral disorders,
such as inappropriate urination.  The Company has a collaboration
agreement with Celsee Diagnostics, Inc. for the development and
commercialization of liquid biopsy assays and related consumables
for the detection of cancer in companion animals; and with Seraph
Biosciences, Inc. for development and commercialization of novel
pathogen detection system, as well as a development agreement with
IncellDx, Inc.  Zomedica Pharmaceuticals Corp. was founded in 2015
and is headquartered in Ann Arbor, Michigan.



[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                               Total
                                              Share-      Total
                                   Total    Holders'    Working
                                  Assets      Equity    Capital
  Company         Ticker            ($MM)       ($MM)      ($MM)
  -------         ------          ------    --------    -------
ABBVIE INC        ABBV US       59,352.0    (8,446.0)    (294.0)
ABBVIE INC        4AB GZ        59,352.0    (8,446.0)    (294.0)
ABBVIE INC        4AB TH        59,352.0    (8,446.0)    (294.0)
ABBVIE INC        ABBVUSD EU    59,352.0    (8,446.0)    (294.0)
ABBVIE INC        ABBVEUR EU    59,352.0    (8,446.0)    (294.0)
ABBVIE INC        ABBV AV       59,352.0    (8,446.0)    (294.0)
ABBVIE INC        4AB TE        59,352.0    (8,446.0)    (294.0)
ABBVIE INC        4AB QT        59,352.0    (8,446.0)    (294.0)
ABBVIE INC        4AB GR        59,352.0    (8,446.0)    (294.0)
ABBVIE INC        ABBV SW       59,352.0    (8,446.0)    (294.0)
ABBVIE INC        ABBV* MM      59,352.0    (8,446.0)    (294.0)
ABBVIE INC-BDR    ABBV34 BZ     59,352.0    (8,446.0)    (294.0)
ABSOLUTE SOFTWRE  ABT CN            90.2       (55.3)     (33.2)
ABSOLUTE SOFTWRE  OU1 GR            90.2       (55.3)     (33.2)
ABSOLUTE SOFTWRE  ALSWF US          90.2       (55.3)     (33.2)
ABSOLUTE SOFTWRE  ABT2EUR EU        90.2       (55.3)     (33.2)
AGENUS INC        AGENUSD EU       136.4      (131.4)       9.4
AIMIA INC         AIM CN         3,507.0      (173.5)  (1,247.5)
AMER RESTAUR-LP   ICTPU US          33.5        (4.0)      (6.2)
AMERICAN AIRLINE  A1G GZ        60,580.0      (169.0)  (9,459.0)
AMERICAN AIRLINE  AAL11EUR EU   60,580.0      (169.0)  (9,459.0)
AMERICAN AIRLINE  AAL AV        60,580.0      (169.0)  (9,459.0)
AMERICAN AIRLINE  AAL TE        60,580.0      (169.0)  (9,459.0)
AMERICAN AIRLINE  A1G SW        60,580.0      (169.0)  (9,459.0)
AMERICAN AIRLINE  AAL1CHF EU    60,580.0      (169.0)  (9,459.0)
AMERICAN AIRLINE  A1G TH        60,580.0      (169.0)  (9,459.0)
AMERICAN AIRLINE  AAL US        60,580.0      (169.0)  (9,459.0)
AMERICAN AIRLINE  AAL* MM       60,580.0      (169.0)  (9,459.0)
AMERICAN AIRLINE  A1G GR        60,580.0      (169.0)  (9,459.0)
AMERICAN AIRLINE  AAL1USD EU    60,580.0      (169.0)  (9,459.0)
AMERICAN AIRLINE  A1G QT        60,580.0      (169.0)  (9,459.0)
AMYRIS INC        3A01 GR          122.7      (200.6)     (86.5)
AMYRIS INC        3A01 TH          122.7      (200.6)     (86.5)
AMYRIS INC        AMRS US          122.7      (200.6)     (86.5)
AMYRIS INC        3A01 QT          122.7      (200.6)     (86.5)
AMYRIS INC        AMRSEUR EU       122.7      (200.6)     (86.5)
AMYRIS INC        AMRSUSD EU       122.7      (200.6)     (86.5)
ATLATSA RESOURCE  ATL SJ           144.0      (238.4)       6.6
AUTODESK INC      ADSK US        4,729.2      (210.9)    (681.2)
AUTODESK INC      AUD TH         4,729.2      (210.9)    (681.2)
AUTODESK INC      AUD GR         4,729.2      (210.9)    (681.2)
AUTODESK INC      AUD GZ         4,729.2      (210.9)    (681.2)
AUTODESK INC      ADSK AV        4,729.2      (210.9)    (681.2)
AUTODESK INC      ADSK SW        4,729.2      (210.9)    (681.2)
AUTODESK INC      ADSKEUR EU     4,729.2      (210.9)    (681.2)
AUTODESK INC      ADSKUSD EU     4,729.2      (210.9)    (681.2)
AUTODESK INC      ADSK TE        4,729.2      (210.9)    (681.2)
AUTODESK INC      AUD QT         4,729.2      (210.9)    (681.2)
AUTODESK INC      ADSK* MM       4,729.2      (210.9)    (681.2)
AUTOZONE INC      AZ5 GR         9,745.1    (1,594.4)    (337.2)
AUTOZONE INC      AZO US         9,745.1    (1,594.4)    (337.2)
AUTOZONE INC      AZ5 TH         9,745.1    (1,594.4)    (337.2)
AUTOZONE INC      AZOUSD EU      9,745.1    (1,594.4)    (337.2)
AUTOZONE INC      AZOEUR EU      9,745.1    (1,594.4)    (337.2)
AUTOZONE INC      AZ5 QT         9,745.1    (1,594.4)    (337.2)
AVEDRO INC        AVDR US           21.7        (5.9)      12.5
AVEDRO INC        219 GR            21.7        (5.9)      12.5
AVEDRO INC        219 GZ            21.7        (5.9)      12.5
AVID TECHNOLOGY   AVID US          265.8      (166.7)       8.9
AVID TECHNOLOGY   AVD GR           265.8      (166.7)       8.9
BENEFITFOCUS INC  BTF GR           175.1       (35.6)     (13.0)
BENEFITFOCUS INC  BNFT US          175.1       (35.6)     (13.0)
BENEFITFOCUS INC  BNFTEUR EU       175.1       (35.6)     (13.0)
BIO-EN HOLDINGS   BENH US            0.0        (0.0)      (0.0)
BIOCRYST PHARM    BCRX US          168.3      (732.0)      64.1
BIOCRYST PHARM    BO1 GR           168.3      (732.0)      64.1
BIOCRYST PHARM    BO1 TH           168.3      (732.0)      64.1
BIOCRYST PHARM    BO1 QT           168.3      (732.0)      64.1
BIOCRYST PHARM    BCRXEUR EU       168.3      (732.0)      64.1
BIOCRYST PHARM    BCRXUSD EU       168.3      (732.0)      64.1
BIOSCRIP INC      MM6 QT           579.2       (36.3)      75.9
BJ'S WHOLESALE C  BJ US          3,239.3      (202.1)    (240.5)
BJ'S WHOLESALE C  8BJ GR         3,239.3      (202.1)    (240.5)
BJ'S WHOLESALE C  8BJ TH         3,239.3      (202.1)    (240.5)
BJ'S WHOLESALE C  8BJ QT         3,239.3      (202.1)    (240.5)
BLUE BIRD CORP    BLBD US          297.7       (79.7)       8.3
BLUELINX HOLDING  BXC US           959.9       (14.7)     403.1
BOMBARDIER INC-B  BBDBN MM      24,958.0    (4,014.0)     (44.0)
BRINKER INTL      EAT US         1,294.8      (855.2)    (292.0)
BRINKER INTL      BKJ GR         1,294.8      (855.2)    (292.0)
BRINKER INTL      BKJ QT         1,294.8      (855.2)    (292.0)
BRINKER INTL      EAT2EUR EU     1,294.8      (855.2)    (292.0)
BROOKFIELD REAL   BRE CN            95.7       (26.7)       6.7
BRP INC/CA-SUB V  DOO CN         2,972.9      (381.0)    (215.5)
BRP INC/CA-SUB V  B15A GR        2,972.9      (381.0)    (215.5)
BRP INC/CA-SUB V  DOOO US        2,972.9      (381.0)    (215.5)
CADIZ INC         CDZI US           72.3       (79.9)      15.2
CADIZ INC         2ZC GR            72.3       (79.9)      15.2
CANNABIS STRAT-A  CSA/A CN         136.7       (44.9)      (0.5)
CANNABIS STRAT-A  CBAQF US         136.7       (44.9)      (0.5)
CASELLA WASTE     WA3 GR           732.4       (15.8)     (14.4)
CASELLA WASTE     CWST US          732.4       (15.8)     (14.4)
CASELLA WASTE     WA3 TH           732.4       (15.8)     (14.4)
CASELLA WASTE     CWSTEUR EU       732.4       (15.8)     (14.4)
CASELLA WASTE     CWSTUSD EU       732.4       (15.8)     (14.4)
CATASYS INC       CATS US            6.3        (9.0)      (2.2)
CDK GLOBAL INC    C2G QT         3,017.1      (500.1)      56.4
CDK GLOBAL INC    CDKUSD EU      3,017.1      (500.1)      56.4
CDK GLOBAL INC    CDK US         3,017.1      (500.1)      56.4
CDK GLOBAL INC    C2G TH         3,017.1      (500.1)      56.4
CDK GLOBAL INC    CDKEUR EU      3,017.1      (500.1)      56.4
CDK GLOBAL INC    C2G GR         3,017.1      (500.1)      56.4
CHINA WUYI MOUNT  WUYI US            0.0        (0.0)      (0.0)
CHOICE HOTELS     CZH GR         1,138.4      (183.8)     (74.7)
CHOICE HOTELS     CHH US         1,138.4      (183.8)     (74.7)
CINCINNATI BELL   CIB1 GR        2,730.2       (75.0)     (95.8)
CINCINNATI BELL   CBB US         2,730.2       (75.0)     (95.8)
CINCINNATI BELL   CBBEUR EU      2,730.2       (75.0)     (95.8)
CLEAR CHANNEL-A   CCO US         4,522.0    (2,101.7)     286.0
CLEAR CHANNEL-A   C7C GR         4,522.0    (2,101.7)     286.0
COGENT COMMUNICA  OGM1 GR          739.8      (149.0)     275.0
COGENT COMMUNICA  CCOI US          739.8      (149.0)     275.0
COHERUS BIOSCIEN  8C5 TH            99.5       (38.6)      51.2
COHERUS BIOSCIEN  CHRSEUR EU        99.5       (38.6)      51.2
COHERUS BIOSCIEN  8C5 QT            99.5       (38.6)      51.2
COHERUS BIOSCIEN  CHRSUSD EU        99.5       (38.6)      51.2
COHERUS BIOSCIEN  CHRS US           99.5       (38.6)      51.2
COHERUS BIOSCIEN  8C5 GR            99.5       (38.6)      51.2
COMMUNITY HEALTH  CG5 GR        15,859.0      (959.0)   1,157.0
COMMUNITY HEALTH  CYH US        15,859.0      (959.0)   1,157.0
COMMUNITY HEALTH  CG5 TH        15,859.0      (959.0)   1,157.0
COMMUNITY HEALTH  CG5 QT        15,859.0      (959.0)   1,157.0
COMMUNITY HEALTH  CYH1EUR EU    15,859.0      (959.0)   1,157.0
COMMUNITY HEALTH  CYH1USD EU    15,859.0      (959.0)   1,157.0
CRESCO LABS INC   CRLBF US           0.1        (0.1)      (0.1)
CRESCO LABS INC   CL CN              0.1        (0.1)      (0.1)
CUMULUS MEDIA-A   CMLS US        1,809.4       344.5      310.1
DELEK LOGISTICS   DKL US           624.6      (134.8)      (3.9)
DELEK LOGISTICS   D6L GR           624.6      (134.8)      (3.9)
DENNY'S CORP      DENN US          335.3      (133.3)     (47.1)
DENNY'S CORP      DE8 GR           335.3      (133.3)     (47.1)
DENNY'S CORP      DENNEUR EU       335.3      (133.3)     (47.1)
DERMIRA           DERMEUR EU       344.3        (9.0)     296.9
DERMIRA           19D GR           344.3        (9.0)     296.9
DERMIRA           DERM US          344.3        (9.0)     296.9
DIEBOLD NIXDORF   DBDUSD EU      4,311.9      (159.6)     635.0
DIEBOLD NIXDORF   DLD TH         4,311.9      (159.6)     635.0
DIEBOLD NIXDORF   DBDEUR EU      4,311.9      (159.6)     635.0
DIEBOLD NIXDORF   DBD LI         4,311.9      (159.6)     635.0
DIEBOLD NIXDORF   DLD QT         4,311.9      (159.6)     635.0
DIEBOLD NIXDORF   DBD US         4,311.9      (159.6)     635.0
DIEBOLD NIXDORF   DBD GR         4,311.9      (159.6)     635.0
DINE BRANDS GLOB  DIN US         1,774.7      (202.3)      66.0
DINE BRANDS GLOB  IHP GR         1,774.7      (202.3)      66.0
DOLLARAMA INC     DR3 GR         2,142.0      (216.5)      66.8
DOLLARAMA INC     DLMAF US       2,142.0      (216.5)      66.8
DOLLARAMA INC     DOL CN         2,142.0      (216.5)      66.8
DOLLARAMA INC     DR3 GZ         2,142.0      (216.5)      66.8
DOLLARAMA INC     DOLEUR EU      2,142.0      (216.5)      66.8
DOLLARAMA INC     DR3 QT         2,142.0      (216.5)      66.8
DOMINO'S PIZZA    EZV TH           907.4    (3,039.9)     187.2
DOMINO'S PIZZA    DPZ US           907.4    (3,039.9)     187.2
DOMINO'S PIZZA    DPZEUR EU        907.4    (3,039.9)     187.2
DOMINO'S PIZZA    DPZUSD EU        907.4    (3,039.9)     187.2
DOMINO'S PIZZA    EZV QT           907.4    (3,039.9)     187.2
DOMINO'S PIZZA    EZV GR           907.4    (3,039.9)     187.2
DRIVEN DELIVERIE  DRVD US            -          (0.1)      (0.1)
DUNKIN' BRANDS G  2DB TH         3,456.6    (1,410.5)     273.9
DUNKIN' BRANDS G  DNKN US        3,456.6    (1,410.5)     273.9
DUNKIN' BRANDS G  2DB GZ         3,456.6    (1,410.5)     273.9
DUNKIN' BRANDS G  2DB GR         3,456.6    (1,410.5)     273.9
DUNKIN' BRANDS G  DNKNEUR EU     3,456.6    (1,410.5)     273.9
DUNKIN' BRANDS G  2DB QT         3,456.6    (1,410.5)     273.9
EGAIN CORP        EGAN US           48.2        (1.3)     (12.2)
EGAIN CORP        EGCA GR           48.2        (1.3)     (12.2)
EGAIN CORP        EGANEUR EU        48.2        (1.3)     (12.2)
EMISPHERE TECH    EMIS US            5.2      (155.3)      (1.4)
EVERI HOLDINGS I  G2C GR         1,548.3      (108.9)      17.3
EVERI HOLDINGS I  G2C TH         1,548.3      (108.9)      17.3
EVERI HOLDINGS I  EVRI US        1,548.3      (108.9)      17.3
EVERI HOLDINGS I  EVRIEUR EU     1,548.3      (108.9)      17.3
EVERI HOLDINGS I  EVRIUSD EU     1,548.3      (108.9)      17.3
EXELA TECHNOLOGI  0Z1 GR         1,662.3       (93.2)     (26.8)
EXELA TECHNOLOGI  XELAEUR EU     1,662.3       (93.2)     (26.8)
EXELA TECHNOLOGI  XELA US        1,662.3       (93.2)     (26.8)
FRONTDOOR IN      FTDR US        1,041.0      (344.0)     (15.0)
FRONTDOOR IN      3I5 GR         1,041.0      (344.0)     (15.0)
GOGO INC          GOGO US        1,265.1      (268.8)     285.8
GOGO INC          GOGOUSD EU     1,265.1      (268.8)     285.8
GOGO INC          GOGOEUR EU     1,265.1      (268.8)     285.8
GOGO INC          G0G TH         1,265.1      (268.8)     285.8
GOGO INC          G0G QT         1,265.1      (268.8)     285.8
GOGO INC          G0G GR         1,265.1      (268.8)     285.8
GOOSEHEAD INSU-A  GSHD US           31.2       (26.5)       -
GOOSEHEAD INSU-A  2OX GR            31.2       (26.5)       -
GOOSEHEAD INSU-A  GSHDEUR EU        31.2       (26.5)       -
GRAFTECH INTERNA  EAF US         1,505.5    (1,076.8)     310.9
GRAFTECH INTERNA  G6G TH         1,505.5    (1,076.8)     310.9
GRAFTECH INTERNA  G6G GR         1,505.5    (1,076.8)     310.9
GRAFTECH INTERNA  EAFEUR EU      1,505.5    (1,076.8)     310.9
GRAFTECH INTERNA  G6G QT         1,505.5    (1,076.8)     310.9
GRAFTECH INTERNA  EAFUSD EU      1,505.5    (1,076.8)     310.9
GREEN PLAINS PAR  GPP US            81.1       (72.5)       8.4
GREEN PLAINS PAR  8GP GR            81.1       (72.5)       8.4
GREENSKY INC-A    GSKY US          802.9       (34.8)     323.5
H&R BLOCK INC     HRB TH         2,568.8      (213.6)     647.0
H&R BLOCK INC     HRB US         2,568.8      (213.6)     647.0
H&R BLOCK INC     HRB GR         2,568.8      (213.6)     647.0
H&R BLOCK INC     HRBUSD EU      2,568.8      (213.6)     647.0
H&R BLOCK INC     HRBEUR EU      2,568.8      (213.6)     647.0
H&R BLOCK INC     HRB QT         2,568.8      (213.6)     647.0
HANGER INC        HNGR US          703.0       (21.9)     154.6
HCA HEALTHCARE I  2BH TH        39,207.0    (2,918.0)   2,644.0
HCA HEALTHCARE I  HCA US        39,207.0    (2,918.0)   2,644.0
HCA HEALTHCARE I  2BH GR        39,207.0    (2,918.0)   2,644.0
HCA HEALTHCARE I  HCA* MM       39,207.0    (2,918.0)   2,644.0
HCA HEALTHCARE I  HCAUSD EU     39,207.0    (2,918.0)   2,644.0
HCA HEALTHCARE I  2BH QT        39,207.0    (2,918.0)   2,644.0
HCA HEALTHCARE I  HCAEUR EU     39,207.0    (2,918.0)   2,644.0
HERBALIFE NUTRIT  HLF US         2,789.8      (723.4)     216.2
HERBALIFE NUTRIT  HOO GR         2,789.8      (723.4)     216.2
HERBALIFE NUTRIT  HLFUSD EU      2,789.8      (723.4)     216.2
HERBALIFE NUTRIT  HLFEUR EU      2,789.8      (723.4)     216.2
HERBALIFE NUTRIT  HOO QT         2,789.8      (723.4)     216.2
HOME DEPOT - BDR  HOME34 BZ     44,003.0    (1,878.0)   1,813.0
HOME DEPOT INC    HD TE         44,003.0    (1,878.0)   1,813.0
HOME DEPOT INC    HD US         44,003.0    (1,878.0)   1,813.0
HOME DEPOT INC    HDI TH        44,003.0    (1,878.0)   1,813.0
HOME DEPOT INC    HDI GR        44,003.0    (1,878.0)   1,813.0
HOME DEPOT INC    HD* MM        44,003.0    (1,878.0)   1,813.0
HOME DEPOT INC    HDI GZ        44,003.0    (1,878.0)   1,813.0
HOME DEPOT INC    HD AV         44,003.0    (1,878.0)   1,813.0
HOME DEPOT INC    HDUSD SW      44,003.0    (1,878.0)   1,813.0
HOME DEPOT INC    HD SW         44,003.0    (1,878.0)   1,813.0
HOME DEPOT INC    HDEUR EU      44,003.0    (1,878.0)   1,813.0
HOME DEPOT INC    HDI QT        44,003.0    (1,878.0)   1,813.0
HOME DEPOT INC    HDUSD EU      44,003.0    (1,878.0)   1,813.0
HOME DEPOT INC    HD CI         44,003.0    (1,878.0)   1,813.0
HOME DEPOT-CED    HD AR         44,003.0    (1,878.0)   1,813.0
HP COMPANY-BDR    HPQB34 BZ     32,490.0    (1,837.0)  (5,263.0)
HP INC            HPQ TE        32,490.0    (1,837.0)  (5,263.0)
HP INC            HPQ US        32,490.0    (1,837.0)  (5,263.0)
HP INC            7HP TH        32,490.0    (1,837.0)  (5,263.0)
HP INC            7HP GR        32,490.0    (1,837.0)  (5,263.0)
HP INC            HPQEUR EU     32,490.0    (1,837.0)  (5,263.0)
HP INC            7HP GZ        32,490.0    (1,837.0)  (5,263.0)
HP INC            HPQUSD SW     32,490.0    (1,837.0)  (5,263.0)
HP INC            HPQ SW        32,490.0    (1,837.0)  (5,263.0)
HP INC            HWP QT        32,490.0    (1,837.0)  (5,263.0)
HP INC            HPQCHF EU     32,490.0    (1,837.0)  (5,263.0)
HP INC            HPQUSD EU     32,490.0    (1,837.0)  (5,263.0)
HP INC            HPQ* MM       32,490.0    (1,837.0)  (5,263.0)
HP INC            HPQ CI        32,490.0    (1,837.0)  (5,263.0)
HP INC            HPQ AV        32,490.0    (1,837.0)  (5,263.0)
IDEXX LABS        IDXX US        1,537.3        (9.2)    (116.3)
IDEXX LABS        IX1 GR         1,537.3        (9.2)    (116.3)
IDEXX LABS        IDXX AV        1,537.3        (9.2)    (116.3)
IDEXX LABS        IX1 GZ         1,537.3        (9.2)    (116.3)
IDEXX LABS        IX1 QT         1,537.3        (9.2)    (116.3)
IDEXX LABS        IDXX TE        1,537.3        (9.2)    (116.3)
IDEXX LABS        IX1 TH         1,537.3        (9.2)    (116.3)
INSEEGO CORP      INSG US          162.3       (36.5)      30.7
INSEEGO CORP      INO GR           162.3       (36.5)      30.7
INSEEGO CORP      INSGEUR EU       162.3       (36.5)      30.7
INSEEGO CORP      INSGUSD EU       162.3       (36.5)      30.7
INSEEGO CORP      INO TH           162.3       (36.5)      30.7
INSEEGO CORP      INO QT           162.3       (36.5)      30.7
INSYS THERAPEUTI  INSYEUR EU       192.5       (43.1)      19.4
INSYS THERAPEUTI  NPR1 GR          192.5       (43.1)      19.4
INSYS THERAPEUTI  INSYUSD EU       192.5       (43.1)      19.4
INSYS THERAPEUTI  NPR1 TH          192.5       (43.1)      19.4
INSYS THERAPEUTI  NPR1 SW          192.5       (43.1)      19.4
INSYS THERAPEUTI  INSY US          192.5       (43.1)      19.4
IRONWOOD PHARMAC  I76 TH           332.0      (196.4)     146.9
IRONWOOD PHARMAC  IRWD US          332.0      (196.4)     146.9
IRONWOOD PHARMAC  I76 GR           332.0      (196.4)     146.9
IRONWOOD PHARMAC  I76 QT           332.0      (196.4)     146.9
IRONWOOD PHARMAC  IRWDEUR EU       332.0      (196.4)     146.9
IRONWOOD PHARMAC  IRWDUSD EU       332.0      (196.4)     146.9
ISRAMCO INC       ISRL US          114.8        (8.9)      (6.1)
ISRAMCO INC       IRM GR           114.8        (8.9)      (6.1)
ISRAMCO INC       ISRLEUR EU       114.8        (8.9)      (6.1)
JACK IN THE BOX   JACK US          828.9      (607.3)     (91.1)
JACK IN THE BOX   JBX GZ           828.9      (607.3)     (91.1)
JACK IN THE BOX   JBX QT           828.9      (607.3)     (91.1)
JACK IN THE BOX   JBX GR           828.9      (607.3)     (91.1)
JACK IN THE BOX   JACK1EUR EU      828.9      (607.3)     (91.1)
KODIAK SCIENCES   KOD US            17.1       (43.8)       6.9
L BRANDS INC      LB US          8,090.2      (865.6)   1,273.6
L BRANDS INC      LTD TH         8,090.2      (865.6)   1,273.6
L BRANDS INC      LTD GR         8,090.2      (865.6)   1,273.6
L BRANDS INC      LBUSD EU       8,090.2      (865.6)   1,273.6
L BRANDS INC      LBEUR EU       8,090.2      (865.6)   1,273.6
L BRANDS INC      LB* MM         8,090.2      (865.6)   1,273.6
L BRANDS INC      LTD QT         8,090.2      (865.6)   1,273.6
LAMB WESTON       0L5 GR         3,052.5      (167.1)     437.8
LAMB WESTON       LW-WEUR EU     3,052.5      (167.1)     437.8
LAMB WESTON       0L5 TH         3,052.5      (167.1)     437.8
LAMB WESTON       0L5 QT         3,052.5      (167.1)     437.8
LAMB WESTON       LW US          3,052.5      (167.1)     437.8
LAMB WESTON       LW-WUSD EU     3,052.5      (167.1)     437.8
LEE ENTERPRISES   LEE US           586.9       (26.1)       9.2
LEE ENTERPRISES   LEE1EUR EU       586.9       (26.1)       9.2
LENNOX INTL INC   LII US         1,817.2      (149.6)      80.9
LENNOX INTL INC   LXI GR         1,817.2      (149.6)      80.9
LENNOX INTL INC   LII1EUR EU     1,817.2      (149.6)      80.9
LENNOX INTL INC   LXI TH         1,817.2      (149.6)      80.9
LENNOX INTL INC   LII1USD EU     1,817.2      (149.6)      80.9
LEXICON PHARMACE  LX31 GR          284.1       (26.4)     136.6
LEXICON PHARMACE  LXRX US          284.1       (26.4)     136.6
LEXICON PHARMACE  LX31 QT          284.1       (26.4)     136.6
LEXICON PHARMACE  LXRXUSD EU       284.1       (26.4)     136.6
LEXICON PHARMACE  LXRXEUR EU       284.1       (26.4)     136.6
LIGHTSPEED POS I  LSPD CN           61.2       (33.5)     (10.4)
MCDONALDS - BDR   MCDC34 BZ     32,811.2    (6,258.4)   1,079.7
MCDONALDS CORP    MCD US        32,811.2    (6,258.4)   1,079.7
MCDONALDS CORP    MCD SW        32,811.2    (6,258.4)   1,079.7
MCDONALDS CORP    MDO GR        32,811.2    (6,258.4)   1,079.7
MCDONALDS CORP    MCD* MM       32,811.2    (6,258.4)   1,079.7
MCDONALDS CORP    MCD TE        32,811.2    (6,258.4)   1,079.7
MCDONALDS CORP    MCDEUR EU     32,811.2    (6,258.4)   1,079.7
MCDONALDS CORP    MDO GZ        32,811.2    (6,258.4)   1,079.7
MCDONALDS CORP    MCD AV        32,811.2    (6,258.4)   1,079.7
MCDONALDS CORP    MDO TH        32,811.2    (6,258.4)   1,079.7
MCDONALDS CORP    MCDUSD SW     32,811.2    (6,258.4)   1,079.7
MCDONALDS CORP    MDO QT        32,811.2    (6,258.4)   1,079.7
MCDONALDS CORP    MCDCHF EU     32,811.2    (6,258.4)   1,079.7
MCDONALDS CORP    MCDUSD EU     32,811.2    (6,258.4)   1,079.7
MCDONALDS CORP    MCD CI        32,811.2    (6,258.4)   1,079.7
MCDONALDS-CEDEAR  MCD AR        32,811.2    (6,258.4)   1,079.7
MEDICINES COMP    MZN GZ           841.7       (22.3)     236.4
MEDICINES COMP    MZN TH           841.7       (22.3)     236.4
MEDICINES COMP    MZN QT           841.7       (22.3)     236.4
MEDICINES COMP    MDCOUSD EU       841.7       (22.3)     236.4
MEDICINES COMP    MDCO US          841.7       (22.3)     236.4
MEDICINES COMP    MZN GR           841.7       (22.3)     236.4
MICHAELS COS INC  MIK US         2,339.0    (1,789.9)     400.0
MICHAELS COS INC  MIM GR         2,339.0    (1,789.9)     400.0
MOTOROLA SOLUTIO  MOT TE         9,409.0    (1,276.0)   1,176.0
MOTOROLA SOLUTIO  MSI US         9,409.0    (1,276.0)   1,176.0
MOTOROLA SOLUTIO  MTLA TH        9,409.0    (1,276.0)   1,176.0
MOTOROLA SOLUTIO  MSI1EUR EU     9,409.0    (1,276.0)   1,176.0
MOTOROLA SOLUTIO  MTLA GZ        9,409.0    (1,276.0)   1,176.0
MOTOROLA SOLUTIO  MTLA GR        9,409.0    (1,276.0)   1,176.0
MOTOROLA SOLUTIO  MSI1USD EU     9,409.0    (1,276.0)   1,176.0
MOTOROLA SOLUTIO  MTLA QT        9,409.0    (1,276.0)   1,176.0
MSCI INC          MSCI US        3,388.0      (166.5)     626.1
MSCI INC          3HM GR         3,388.0      (166.5)     626.1
MSCI INC          3HM QT         3,388.0      (166.5)     626.1
MSG NETWORKS- A   MSGN US          830.4      (562.0)     204.8
MSG NETWORKS- A   MSGNEUR EU       830.4      (562.0)     204.8
MSG NETWORKS- A   1M4 QT           830.4      (562.0)     204.8
MSG NETWORKS- A   1M4 GR           830.4      (562.0)     204.8
NATHANS FAMOUS    NFA GR            91.2       (71.6)      70.7
NATHANS FAMOUS    NATH US           91.2       (71.6)      70.7
NATIONAL CINEMED  NCMI US        1,141.8       (89.2)     120.4
NATIONAL CINEMED  XWM GR         1,141.8       (89.2)     120.4
NATIONAL CINEMED  NCMIEUR EU     1,141.8       (89.2)     120.4
NAVISTAR INTL     IHR TH         7,037.0    (3,813.0)   1,423.0
NAVISTAR INTL     IHR GZ         7,037.0    (3,813.0)   1,423.0
NAVISTAR INTL     IHR QT         7,037.0    (3,813.0)   1,423.0
NAVISTAR INTL     NAVEUR EU      7,037.0    (3,813.0)   1,423.0
NAVISTAR INTL     NAVUSD EU      7,037.0    (3,813.0)   1,423.0
NAVISTAR INTL     NAV US         7,037.0    (3,813.0)   1,423.0
NAVISTAR INTL     IHR GR         7,037.0    (3,813.0)   1,423.0
NEW ENG RLTY-LP   NEN US           247.0       (35.6)       -
NII HOLDINGS INC  NIHD US        1,039.6      (187.0)     203.5
NRG ENERGY        NRA GR        10,628.0    (1,215.0)   1,202.0
NRG ENERGY        NRG US        10,628.0    (1,215.0)   1,202.0
NRG ENERGY        NRA TH        10,628.0    (1,215.0)   1,202.0
NRG ENERGY        NRG1USD EU    10,628.0    (1,215.0)   1,202.0
NRG ENERGY        NRGEUR EU     10,628.0    (1,215.0)   1,202.0
NRG ENERGY        NRA QT        10,628.0    (1,215.0)   1,202.0
OMEROS CORP       OMER US           95.9      (100.2)      52.5
OMEROS CORP       3O8 GR            95.9      (100.2)      52.5
OMEROS CORP       3O8 TH            95.9      (100.2)      52.5
OMEROS CORP       OMEREUR EU        95.9      (100.2)      52.5
OMEROS CORP       OMERUSD EU        95.9      (100.2)      52.5
ONDAS HOLDINGS I  ONDS US            1.2        (9.9)      (9.8)
ONE WORLD PHARMA  OWPC US            -          (0.1)      (0.1)
OPTIVA INC        OPT CN           123.4       (24.8)      15.7
OPTIVA INC        RKNEF US         123.4       (24.8)      15.7
PAPA JOHN'S INTL  PZZA US          570.9      (296.7)       7.1
PAPA JOHN'S INTL  PP1 GR           570.9      (296.7)       7.1
PAPA JOHN'S INTL  PZZAEUR EU       570.9      (296.7)       7.1
PHILIP MORRIS IN  PM1 EU        39,801.0  ##########    2,251.0
PHILIP MORRIS IN  4I1 GR        39,801.0  ##########    2,251.0
PHILIP MORRIS IN  PM US         39,801.0  ##########    2,251.0
PHILIP MORRIS IN  PM1CHF EU     39,801.0  ##########    2,251.0
PHILIP MORRIS IN  4I1 TH        39,801.0  ##########    2,251.0
PHILIP MORRIS IN  PM1 TE        39,801.0  ##########    2,251.0
PHILIP MORRIS IN  PMI SW        39,801.0  ##########    2,251.0
PHILIP MORRIS IN  PM1EUR EU     39,801.0  ##########    2,251.0
PHILIP MORRIS IN  4I1 GZ        39,801.0  ##########    2,251.0
PHILIP MORRIS IN  PMI1 IX       39,801.0  ##########    2,251.0
PHILIP MORRIS IN  PMI EB        39,801.0  ##########    2,251.0
PHILIP MORRIS IN  PMOR AV       39,801.0  ##########    2,251.0
PHILIP MORRIS IN  4I1 QT        39,801.0  ##########    2,251.0
PLANET FITNESS-A  3PL GR         1,353.4      (382.8)     257.1
PLANET FITNESS-A  3PL QT         1,353.4      (382.8)     257.1
PLANET FITNESS-A  PLNT1EUR EU    1,353.4      (382.8)     257.1
PLANET FITNESS-A  PLNT1USD EU    1,353.4      (382.8)     257.1
PLANET FITNESS-A  PLNT US        1,353.4      (382.8)     257.1
PLANET FITNESS-A  3PL TH         1,353.4      (382.8)     257.1
PRIORITY TECHNOL  PRTH US          327.3       (82.4)      24.0
PURPLE INNOVATIO  PRPL US           71.7        (2.0)      (0.9)
RECRO PHARMA INC  REPH US          155.5       (19.5)      42.1
RECRO PHARMA INC  RAH GR           155.5       (19.5)      42.1
RESVERLOGIX CORP  RVX CN            12.6      (155.8)     (69.1)
REVLON INC-A      RVL1 GR        3,188.3      (988.2)      45.7
REVLON INC-A      RVL1 TH        3,188.3      (988.2)      45.7
REVLON INC-A      REVEUR EU      3,188.3      (988.2)      45.7
REVLON INC-A      REV US         3,188.3      (988.2)      45.7
RIMINI STREET IN  RMNI US          118.9      (151.6)    (125.6)
ROSETTA STONE IN  RS8 TH           187.3       (12.0)     (68.9)
ROSETTA STONE IN  RS8 GR           187.3       (12.0)     (68.9)
ROSETTA STONE IN  RST US           187.3       (12.0)     (68.9)
ROSETTA STONE IN  RST1EUR EU       187.3       (12.0)     (68.9)
ROSETTA STONE IN  RST1USD EU       187.3       (12.0)     (68.9)
RR DONNELLEY & S  RRD US         3,640.8      (245.4)     548.8
RR DONNELLEY & S  DLLN GR        3,640.8      (245.4)     548.8
RR DONNELLEY & S  DLLN TH        3,640.8      (245.4)     548.8
RR DONNELLEY & S  RRDEUR EU      3,640.8      (245.4)     548.8
RR DONNELLEY & S  RRDUSD EU      3,640.8      (245.4)     548.8
SALLY BEAUTY HOL  SBH US         2,144.6      (214.7)     733.2
SALLY BEAUTY HOL  SBHEUR EU      2,144.6      (214.7)     733.2
SALLY BEAUTY HOL  S7V GR         2,144.6      (214.7)     733.2
SBA COMM CORP     4SB GZ         7,213.7    (3,376.8)    (832.4)
SBA COMM CORP     SBACUSD EU     7,213.7    (3,376.8)    (832.4)
SBA COMM CORP     SBACEUR EU     7,213.7    (3,376.8)    (832.4)
SBA COMM CORP     SBJ TH         7,213.7    (3,376.8)    (832.4)
SBA COMM CORP     4SB GR         7,213.7    (3,376.8)    (832.4)
SBA COMM CORP     SBAC US        7,213.7    (3,376.8)    (832.4)
SCIENTIFIC GAMES  SGMS US        7,717.8    (2,463.2)     621.0
SCIENTIFIC GAMES  SGMSUSD EU     7,717.8    (2,463.2)     621.0
SCIENTIFIC GAMES  TJW GR         7,717.8    (2,463.2)     621.0
SCIENTIFIC GAMES  TJW TH         7,717.8    (2,463.2)     621.0
SCIENTIFIC GAMES  TJW GZ         7,717.8    (2,463.2)     621.0
SEALED AIR CORP   SDA GR         5,050.2      (348.6)      66.2
SEALED AIR CORP   SEE US         5,050.2      (348.6)      66.2
SEALED AIR CORP   SDA TH         5,050.2      (348.6)      66.2
SEALED AIR CORP   SEE1EUR EU     5,050.2      (348.6)      66.2
SEALED AIR CORP   SDA QT         5,050.2      (348.6)      66.2
SERES THERAPEUTI  MCRB1EUR EU      120.5       (48.0)      50.6
SERES THERAPEUTI  MCRB US          120.5       (48.0)      50.6
SERES THERAPEUTI  1S9 GR           120.5       (48.0)      50.6
SHELL MIDSTREAM   49M QT         1,913.5      (257.0)     231.4
SHELL MIDSTREAM   SHLX US        1,913.5      (257.0)     231.4
SHELL MIDSTREAM   49M GR         1,913.5      (257.0)     231.4
SHELL MIDSTREAM   49M TH         1,913.5      (257.0)     231.4
SIRIUS XM HOLDIN  RDO GR         8,172.7    (1,816.9)  (2,324.4)
SIRIUS XM HOLDIN  RDO TH         8,172.7    (1,816.9)  (2,324.4)
SIRIUS XM HOLDIN  SIRIEUR EU     8,172.7    (1,816.9)  (2,324.4)
SIRIUS XM HOLDIN  RDO GZ         8,172.7    (1,816.9)  (2,324.4)
SIRIUS XM HOLDIN  SIRI AV        8,172.7    (1,816.9)  (2,324.4)
SIRIUS XM HOLDIN  SIRI US        8,172.7    (1,816.9)  (2,324.4)
SIRIUS XM HOLDIN  SIRIUSD EU     8,172.7    (1,816.9)  (2,324.4)
SIRIUS XM HOLDIN  SIRI TE        8,172.7    (1,816.9)  (2,324.4)
SIRIUS XM HOLDIN  RDO QT         8,172.7    (1,816.9)  (2,324.4)
SIX FLAGS ENTERT  6FE GR         2,517.3      (117.8)    (126.4)
SIX FLAGS ENTERT  SIX US         2,517.3      (117.8)    (126.4)
SIX FLAGS ENTERT  SIXEUR EU      2,517.3      (117.8)    (126.4)
SLEEP NUMBER COR  SNBR US          470.1      (109.6)    (337.8)
SLEEP NUMBER COR  SL2 GR           470.1      (109.6)    (337.8)
SLEEP NUMBER COR  SNBREUR EU       470.1      (109.6)    (337.8)
STARBUCKS CORP    SBUX US       19,981.3    (2,878.8)   2,248.8
STARBUCKS CORP    SRB GR        19,981.3    (2,878.8)   2,248.8
STARBUCKS CORP    SRB TH        19,981.3    (2,878.8)   2,248.8
STARBUCKS CORP    SBUX* MM      19,981.3    (2,878.8)   2,248.8
STARBUCKS CORP    SRB GZ        19,981.3    (2,878.8)   2,248.8
STARBUCKS CORP    SBUX AV       19,981.3    (2,878.8)   2,248.8
STARBUCKS CORP    SBUXEUR EU    19,981.3    (2,878.8)   2,248.8
STARBUCKS CORP    SBUX TE       19,981.3    (2,878.8)   2,248.8
STARBUCKS CORP    SBUX PE       19,981.3    (2,878.8)   2,248.8
STARBUCKS CORP    SBUXUSD SW    19,981.3    (2,878.8)   2,248.8
STARBUCKS CORP    SBUXUSD EU    19,981.3    (2,878.8)   2,248.8
STARBUCKS CORP    SBUX SW       19,981.3    (2,878.8)   2,248.8
STARBUCKS CORP    SBUX IM       19,981.3    (2,878.8)   2,248.8
STARBUCKS CORP    SRB QT        19,981.3    (2,878.8)   2,248.8
STARBUCKS CORP    SBUXCHF EU    19,981.3    (2,878.8)   2,248.8
STARBUCKS CORP    SBUX CI       19,981.3    (2,878.8)   2,248.8
STARBUCKS-BDR     SBUB34 BZ     19,981.3    (2,878.8)   2,248.8
STARCO BRANDS IN  STCB US            0.1        (0.9)      (0.9)
STEALTH BIOTHERA  S1BA GR           11.6      (149.1)     (31.0)
STEALTH BIOTHERA  MITO US           11.6      (149.1)     (31.0)
SUNPOWER CORP     S9P2 GR        2,352.6      (149.9)     368.8
SUNPOWER CORP     SPWR US        2,352.6      (149.9)     368.8
SUNPOWER CORP     S9P2 TH        2,352.6      (149.9)     368.8
SUNPOWER CORP     SPWREUR EU     2,352.6      (149.9)     368.8
SUNPOWER CORP     SPWRUSD EU     2,352.6      (149.9)     368.8
SUNPOWER CORP     S9P2 QT        2,352.6      (149.9)     368.8
TAUBMAN CENTERS   TCO US         4,344.1      (300.1)       -
TAUBMAN CENTERS   TU8 GR         4,344.1      (300.1)       -
TOWN SPORTS INTE  CLUB US          261.5       (72.7)     (33.2)
TRANSDIGM GROUP   TDG US        12,389.3    (1,666.9)   2,975.4
TRANSDIGM GROUP   T7D GR        12,389.3    (1,666.9)   2,975.4
TRANSDIGM GROUP   T7D QT        12,389.3    (1,666.9)   2,975.4
TRANSDIGM GROUP   TDGEUR EU     12,389.3    (1,666.9)   2,975.4
TRANSDIGM GROUP   T7D TH        12,389.3    (1,666.9)   2,975.4
TRANSDIGM GROUP   TDGUSD EU     12,389.3    (1,666.9)   2,975.4
TRIUMPH GROUP     TGI US         3,330.5      (276.5)     421.7
TRIUMPH GROUP     TG7 GR         3,330.5      (276.5)     421.7
TRIUMPH GROUP     TGIEUR EU      3,330.5      (276.5)     421.7
TRULIEVE CANNABI  TRUL CN            0.1        (0.2)      (0.2)
TRULIEVE CANNABI  TCNNF US           0.1        (0.2)      (0.2)
TUPPERWARE BRAND  TUP GR         1,308.8      (235.2)    (138.5)
TUPPERWARE BRAND  TUP US         1,308.8      (235.2)    (138.5)
TUPPERWARE BRAND  TUP GZ         1,308.8      (235.2)    (138.5)
TUPPERWARE BRAND  TUP TH         1,308.8      (235.2)    (138.5)
TUPPERWARE BRAND  TUP1EUR EU     1,308.8      (235.2)    (138.5)
TUPPERWARE BRAND  TUP1USD EU     1,308.8      (235.2)    (138.5)
TUPPERWARE BRAND  TUP QT         1,308.8      (235.2)    (138.5)
UNISYS CORP       USY1 TH        2,457.6    (1,299.6)     378.1
UNISYS CORP       USY1 GR        2,457.6    (1,299.6)     378.1
UNISYS CORP       UIS US         2,457.6    (1,299.6)     378.1
UNISYS CORP       UIS1 SW        2,457.6    (1,299.6)     378.1
UNISYS CORP       UISEUR EU      2,457.6    (1,299.6)     378.1
UNISYS CORP       UISCHF EU      2,457.6    (1,299.6)     378.1
UNISYS CORP       UIS EU         2,457.6    (1,299.6)     378.1
UNISYS CORP       USY1 GZ        2,457.6    (1,299.6)     378.1
UNISYS CORP       USY1 QT        2,457.6    (1,299.6)     378.1
UNITI GROUP INC   CSALUSD EU     4,570.8    (1,319.4)       -
UNITI GROUP INC   UNIT US        4,570.8    (1,319.4)       -
UNITI GROUP INC   8XC GR         4,570.8    (1,319.4)       -
UNITI GROUP INC   8XC TH         4,570.8    (1,319.4)       -
VALVOLINE INC     0V4 GR         1,832.0      (343.0)     288.0
VALVOLINE INC     0V4 TH         1,832.0      (343.0)     288.0
VALVOLINE INC     VVVEUR EU      1,832.0      (343.0)     288.0
VALVOLINE INC     0V4 QT         1,832.0      (343.0)     288.0
VALVOLINE INC     VVV US         1,832.0      (343.0)     288.0
VALVOLINE INC     VVVUSD EU      1,832.0      (343.0)     288.0
VANTAGE DRILL-UT  VTGGF US       1,129.6       (64.7)     263.9
VECTOR GROUP LTD  VGR US         1,549.5      (547.4)     387.3
VECTOR GROUP LTD  VGR GR         1,549.5      (547.4)     387.3
VECTOR GROUP LTD  VGREUR EU      1,549.5      (547.4)     387.3
VECTOR GROUP LTD  VGRUSD EU      1,549.5      (547.4)     387.3
VECTOR GROUP LTD  VGR QT         1,549.5      (547.4)     387.3
VERISIGN INC      VRSN US        1,914.5    (1,385.5)     369.4
VERISIGN INC      VRS GR         1,914.5    (1,385.5)     369.4
VERISIGN INC      VRSNEUR EU     1,914.5    (1,385.5)     369.4
VERISIGN INC      VRS GZ         1,914.5    (1,385.5)     369.4
VERISIGN INC      VRS TH         1,914.5    (1,385.5)     369.4
VERISIGN INC      VRSNUSD EU     1,914.5    (1,385.5)     369.4
VERISIGN INC      VRS QT         1,914.5    (1,385.5)     369.4
W&T OFFSHORE INC  UWV GR           848.9      (324.8)      39.9
W&T OFFSHORE INC  WTI US           848.9      (324.8)      39.9
W&T OFFSHORE INC  WTI1EUR EU       848.9      (324.8)      39.9
WAYFAIR INC- A    W US           1,890.9      (330.7)     116.7
WAYFAIR INC- A    1WF QT         1,890.9      (330.7)     116.7
WAYFAIR INC- A    1WF GR         1,890.9      (330.7)     116.7
WAYFAIR INC- A    WEUR EU        1,890.9      (330.7)     116.7
WEIGHT WATCHERS   WW6 GR         1,414.5      (805.0)      25.1
WEIGHT WATCHERS   WW6 GZ         1,414.5      (805.0)      25.1
WEIGHT WATCHERS   WTW US         1,414.5      (805.0)      25.1
WEIGHT WATCHERS   WW6 TH         1,414.5      (805.0)      25.1
WEIGHT WATCHERS   WTWUSD EU      1,414.5      (805.0)      25.1
WEIGHT WATCHERS   WTWEUR EU      1,414.5      (805.0)      25.1
WEIGHT WATCHERS   WW6 QT         1,414.5      (805.0)      25.1
WEIGHT WATCHERS   WTW AV         1,414.5      (805.0)      25.1
WESTERN UNIO-BDR  WUNI34 BZ      8,996.8      (309.8)    (645.5)
WESTERN UNION     W3U TH         8,996.8      (309.8)    (645.5)
WESTERN UNION     WU* MM         8,996.8      (309.8)    (645.5)
WESTERN UNION     W3U GR         8,996.8      (309.8)    (645.5)
WESTERN UNION     W3U GZ         8,996.8      (309.8)    (645.5)
WESTERN UNION     WUEUR EU       8,996.8      (309.8)    (645.5)
WESTERN UNION     WUUSD EU       8,996.8      (309.8)    (645.5)
WESTERN UNION     W3U QT         8,996.8      (309.8)    (645.5)
WESTERN UNION     WU US          8,996.8      (309.8)    (645.5)
WIDEOPENWEST INC  WOW US         2,419.6      (290.3)    (111.7)
WIDEOPENWEST INC  WU5 GR         2,419.6      (290.3)    (111.7)
WIDEOPENWEST INC  WU5 TH         2,419.6      (290.3)    (111.7)
WIDEOPENWEST INC  WOW1EUR EU     2,419.6      (290.3)    (111.7)
WIDEOPENWEST INC  WU5 QT         2,419.6      (290.3)    (111.7)
WINGSTOP INC      WING1EUR EU      139.7      (224.8)       3.4
WINGSTOP INC      WING US          139.7      (224.8)       3.4
WINGSTOP INC      EWG GR           139.7      (224.8)       3.4
WINMARK CORP      WINA US           46.7        (4.8)      11.8
WINMARK CORP      GBZ GR            46.7        (4.8)      11.8
WORKIVA INC       WKEUR EU         231.1        (9.7)     (14.4)
WORKIVA INC       WK US            231.1        (9.7)     (14.4)
WORKIVA INC       0WKA GR          231.1        (9.7)     (14.4)
WYNDHAM DESTINAT  WD5 TH         7,158.0      (569.0)     283.0
WYNDHAM DESTINAT  WYND US        7,158.0      (569.0)     283.0
WYNDHAM DESTINAT  WD5 GR         7,158.0      (569.0)     283.0
WYNDHAM DESTINAT  WYNEUR EU      7,158.0      (569.0)     283.0
WYNDHAM DESTINAT  WD5 QT         7,158.0      (569.0)     283.0
YELLOW PAGES LTD  Y CN             442.4      (119.2)      40.4
YRC WORLDWIDE IN  YEL1 GR        1,617.1      (301.2)     168.5
YRC WORLDWIDE IN  YRCWEUR EU     1,617.1      (301.2)     168.5
YRC WORLDWIDE IN  YEL1 QT        1,617.1      (301.2)     168.5
YRC WORLDWIDE IN  YEL1 TH        1,617.1      (301.2)     168.5
YRC WORLDWIDE IN  YRCWUSD EU     1,617.1      (301.2)     168.5
YRC WORLDWIDE IN  YRCW US        1,617.1      (301.2)     168.5
YUM! BRANDS INC   TGR TH         4,130.0    (7,926.0)     (94.0)
YUM! BRANDS INC   TGR GR         4,130.0    (7,926.0)     (94.0)
YUM! BRANDS INC   YUM US         4,130.0    (7,926.0)     (94.0)
YUM! BRANDS INC   TGR GZ         4,130.0    (7,926.0)     (94.0)
YUM! BRANDS INC   YUMUSD SW      4,130.0    (7,926.0)     (94.0)
YUM! BRANDS INC   YUMUSD EU      4,130.0    (7,926.0)     (94.0)
YUM! BRANDS INC   YUM* MM        4,130.0    (7,926.0)     (94.0)
YUM! BRANDS INC   YUMEUR EU      4,130.0    (7,926.0)     (94.0)
YUM! BRANDS INC   TGR QT         4,130.0    (7,926.0)     (94.0)
YUM! BRANDS INC   YUM SW         4,130.0    (7,926.0)     (94.0)



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
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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
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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
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                   *** End of Transmission ***