/raid1/www/Hosts/bankrupt/TCR_Public/190618.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, June 18, 2019, Vol. 23, No. 168

                            Headlines

73-75 WILLOW: July 2 Plan Confirmation Hearing
A SLICE OF NEW YORK: Unsecured Creditors to Get Full Payment
AIRNET TECHNOLOGY: Changes Nasdaq Ticker Symbol to "ANTE"
ALLIED UNIVERSAL: Fitch Rates New First Lien Loans 'BB-'
ALLIED UNIVERSAL: Moody's Rates New $2.5BB First Lien Loan B3

ALLIED UNIVERSAL: S&P Affirms 'B-' ICR on Refinancing
AMG ADVANCED: S&P Affirms 'BB-' ICR; Outlook Stable
AQUABOUNTY TECHNOLOGIES: Appoints Chief Commercial Officer
ARCIMOTO INC: Shareholders Elect Five Directors
ASCENT INDUSTRIES: July 12 Hearing Set in CCAA Proceeding

BIOSCRIP INC: Reveals Post-Merger Executive Team
BIOSCRIP INC: Stockholders Elect Six Directors
BLUE EAGLE FARMING: Disclosure Statement Hearing Moved to July 15
BOMBARDIER RECREATIONAL: S&P Rates Incremental Term Loan B 'BB'
BOONE HOSPITAL: Moody's Cuts $73MM Bonds to Ba1, Outlook Negative

BRIGHT MOUNTAIN: Signs Merger Agreement with Inform
BRISTOW GROUP: Polsinelli, Levene Represent Equity Holders
CALVARY COMMUNITY: Court Confirms Chapter 11 Plan of Liquidation
CAMBRIAN HOLDING: Case Summary & 20 Largest Unsecured Creditors
CELLECTAR BIOSCIENCES: All 4 Proposals Approved at Annual Meeting

CHARLOTTE RUSSE: K&S, Chipman Brown Represent Term Lenders
CHURNEYS' REAL ESTATE: Case Summary & Unsecured Creditor
CLOUD PEAK: Stevens & Lee Represents Second Lien Holders
CORELOGIC INC: Moody's Assigns Ba2 CFR, Outlook Stable
CROSBY US: Moody's Rates 1st Lien Debt 'B2' & 2nd Lien Debt 'Caa2'

CROSBY WORLDWIDE: S&P Rates Second-Lien Term Loan 'CCC'
DELTA FARM: Unsecured Creditors to Receive Operating Profits
DFH NETWORK: July 18 Disclosure Statement Hearing
DIFFUSION PHARMACEUTICALS: Armistice Capital Reports 5.5% Stake
DIRECTVIEW HOLDINGS: Registers 198M Shares for Possible Resale

DIVERSEY: Moody's Alters Outlook on B3 CFR to Negative
DREAM WORKS: Plan and Disclosures Hearing Scheduled for July 15
DREW GARDEN: U.S. Trustee Unable to Appoint Committee
DUNN PAPER: S&P Cuts ICR to 'B-' on Limited Covenant Headroom
EAST END BUS: Platzer Swergold Represents 4 Secured Creditors

EMERA INC: Fitch Assigns 'BB+' Rating on Jr. Subordinated Debt
ENTERTAINMENT ONE: Moody's Rates New GBP425MM Secured Notes 'B1'
FALCON V: Unknown Recovery for Unsecured Creditors Under Plan
GARDEN OF EDEN: July 17 Plan Confirmation Hearing
GEIST SPORTS: U.S. Trustee Unable to Appoint Committee

GLOBAL EAGLE: Nantahala Capital Has 31.2% Stake as of June 4
GOLDEN STATE: S&P Assigns B- Issuer Credit Rating; Outlook Stable
HERZ HERZ & REICHLE: U.S. Trustee Forms 2-Member Committee
HORIZON GLOBAL: Moody's Lowers CFR to C, Outlook Stable
JAGUAR HEALTH: Issues 349,275 Shares of Common Stock

KADMON HOLDINGS: Stockholders Elect Seven Directors
KAISER GYPSUM: Discloses Settlement of Environmental Liabilities
KEYW CORP: Moody's Withdraws B2 CFR on Debt Repayment
LBU FRANCHISES: July 31 Hearing on Plan Confirmation
LEGACY JH762: U.S. Trustee Unable to Appoint Committee

LEGACY RESERVES: Executes Global Restructuring Support Agreement
MANHATTAN SCIENTIFICS: Needs More Capital to Remain Going Concern
MEDCALK INC: U.S. Trustee Unable to Appoint Committee
METRO FINISHES: July 17 Evidentiary Hearing on Plan Confirmation
METRO-GOLDWYN-MAYER INC: Moody's Reviews Ba3 CFR for Downgrade

NATIONS INSURANCE: A.M. Best Alters Outlook on B ICR to Positive
NEW COTAI: Akin Gump Represents Noteholders Group
NUVEI TECHNOLOGIES: Moody's Assigns B3 CFR, Outlook Positive
OASIS PETROLEUM: Moody's Hikes CFR to B1 & Unsecured Notes to B2
OHIO AIR: Moody's Rates $300MM Unsec. Revenue Bonds B3

OUTFRONT MEDIA: S&P Rates New $550MM Senior Unsecured Notes 'BB-'
OUTLOOK THERAPEUTICS: Sabby Volatility Has 5.9% Stake as of May 15
P&L DEVELOPMENT: Fitch Assigns B- IDR, Outlook Stable
PACIFIC VENTURES: Needs More Capital to Continue as Going Concern
PBF HOLDING: Moody's Alters Outlook on Ba3 CFR to Negative

PENGROWTH ENERGY: Will Hold Its Annual General Meeting on June 26
PGHC HOLDINGS: Bernkopf Goodman Represents 3 E & A Landlords
PHI GROUP: 1Q 2019 Financial Results Cast Going Concern Doubt
PHI INC: U.S. Trustee Objects to Disclosure Statement
PLAIN LEASING: Aug. 14 Plan Confirmation Hearing

PRINCETON ALTERNATIVE: Modifies Treatment of Intercompany Claims
PULTEGROUP INC: S&P Alters Outlook to Positive, Affirms 'BB+' ICR
PVM ELECTRIC: U.S. Trustee Unable to Appoint Committee
QUINCY ST III: July 12 Plan Confirmation Hearing
QUOTIENT LIMITED: Completes $25 Million CE Marking Notes Offering

RADIAN GROUP: S&P Rates $450MM Senior Unsecured Debt 'BB+'
RECRUITER.COM GROUP: Management Says Going Concern Doubt Exists
REGENT UNIVERSITY, VA: S&P Affirms 'BB+' Rating on Revenue Bonds
RENNOVA HEALTH: Issues $1.25 Million in Debentures
RESHAPE LIFESCIENCES: Operating Losses Cast Going Concern Doubt

ROKK3R INC: March 31 Financial Results Cast Going Concern Doubt
ROOFTOP GROUP: U.S. Trustee Forms 3-Member Committee
ROYALE ENERGY: Financial Results Cast Going Concern Doubt
RUSTIC STEEL: Ordered to File Plan and Disclosures Before Aug. 30
SAN JUAN ICE: Sept. 11 Hearing on Amended Plan and Disclosures

SANUWAVE HEALTH: Needs More Capital to Continue as a Going Concern
SAVVY CHIC: Unsecured Creditors to Get 60 Monthly Payments
SENIOR CARE: Baker Donelson Represents Lancaster, Greystone
SENIOR CARE: Bryan Cave Represents OLP, Round Rock
SERES THERAPEUTICS: Stockholders Elect Four Directors

SHERIDAN INVESTMENT I: Moody's Cuts Corp Family Rating to 'Ca'
SLIGO PARKWAY: Concludes Negotiation with Deutsche Bank
SPORTS FIELD HOLDINGS: Operating Results Cast Going Concern Doubt
STRATOS ENTERPRISES: Unsecured Creditors to Get $1,000 Under Plan
SUNSHINE BIOPHARMA: Recurring Losses Cast Going Concern Doubt

TARGET GROUP: Needs Sufficient Cash Flows to Remain Going Concern
TARONIS TECHNOLOGIES: 1Q 2019 Results Casts Going Concern Doubt
TECHNICAL COMMUNICATIONS: Elects Ralph Norwood as Director
TPG PACE: Signs Business Definitive Combination Deal with Accel
TPT GLOBAL: Accumulated Deficit Casts Going Concern Doubt

TRUE SECURITY: New Information on Plan's Feasibility Added
UCOAT IT: July 11 Plan Confirmation Hearing
URBAN-GRO INC.: Execs Say Conditions Exist for Going Concern Doubt
US 1 ASSOCIATES: July 25 Hearing of Disclosure Statement
VISTA RIDGE: July 11 Disclosure Statement Hearing

VSOP LLC: July 30 Approval Hearing on Disclosures
WEATHERFORD INTERNATIONAL: Clearbridge Disposes of 10.8% Stake
WEATHERLY OIL: Dore Law Group Represents Halliburton, et al.
WEST COAST VENTURES: 1Q 2019 Results Cast Going Concern Doubt
WINDSTREAM HOLDINGS: Polsinelli Represents Sho-Me Power, et al.

WINDSTREAM HOLDINGS: Squire Patton Advises 3 Services Providers
YESHIVA UNIVERSITY: Moody's Affirms B3 Rating on 2009/2011A Bonds
YOUNGEVITY INT'L: Needs More Capital to Continue as Going Concern
YUMA ENERGY: Stockholders Elect Frank Lodzinski as Director
ZENERGY BRANDS: Concludes Substantial Going Concern Doubt Exists

[^] Large Companies with Insolvent Balance Sheet

                            *********

73-75 WILLOW: July 2 Plan Confirmation Hearing
----------------------------------------------
The First Amended Disclosure Statement explaining the First Amended
Chapter 11 Plan of 73-75 Willow Street, LLC, is approved.

July 2, 2019 at 11:00 AM is fixed as the hearing date to consider
Confirmation of the Chapter 11 Plan, at 915 Lafayette Blvd., Room
123, Courtroom, Bridgeport, Connecticut.

Written objections to the Plan will be filed with the court no
later than June 25, 2019.
June 25, 2019 is fixed as the last day for returning written
ballots of acceptance or rejection of the Plan.

73-75 Willow Street, LLC filed for Chapter 11 bankruptcy (Bankr. D.
Conn. Case No. 18-50825) on June 28, 2018, listing under $1 million
in both assets and liabilities.  Judge Julia A. Manning oversees
the case.




A SLICE OF NEW YORK: Unsecured Creditors to Get Full Payment
------------------------------------------------------------
A Slice of New York Inc. filed a small business Chapter 11 plan and
accompanying disclosure statement proposing to pay holders of
general allowable unsecured claims, classified in Class 2, in full
within twelve months of an order confirming the Plan.

Class 1 - Unsecured claim of Corey Properties II, LLC, are
impaired. This claim is based upon pre-petition commercial rent
arrearages and will be cured under the executory contract
assumption terms set forth in Article VI of the Plan.

Class 3 - Equity Security Holders of the Debtor are impaired. The
Debtor will retain his equity in the property of the bankruptcy
estate post-confirmation.

Payments and distributions under the Plan will be funded by the
income received through the continued business operations of the
Debtor or Reorganized Debtor. The Debtor intends to retain its
current management and will continue to implement changes in its
business model for more cost-effective operations, in addition to
pursuing new sales development lines, increasing subcontractor
opportunities, and other new customer opportunities.

A full-text copy of the Disclosure Statement dated January 15,
2019, is available at https://tinyurl.com/yywet68f from
PacerMonitor.com at no charge.

                   About A Slice of New York Inc.  

A Slice of New York Inc. is the first brick-and-mortar business, a
pizzeria, in the South Bay to become a employee-owned business
(worker cooperative).

A Slice of New York Inc. filed a voluntary petition under Chapter
11 of Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-00955) on
February 4, 2019, listing under $1 million in both assets and
liabilities. Tampa Law Advocate, P.A. represents the Debtor as
counsel.


AIRNET TECHNOLOGY: Changes Nasdaq Ticker Symbol to "ANTE"
---------------------------------------------------------
AirNet Technology Inc. disclosed that its trading symbol on the
Nasdaq Capital Market will be changed from "AMCN" to "ANTE."
Trading under the new ticker symbol began at market opening on
Thursday, June 13, 2019 and no action is needed from the current
shareholders in relation to the change of the trading symbol.

                    About AirNet Technology

Incorporated in 2007 and headquartered in Beijing, China, and
formerly known as AirMedia Group Inc, AirNet (Nasdaq: AMCN)
provides in-flight solutions to connectivity, entertainment and
digital multimedia in China.  AirNet -- http://ir.ihangmei.com/--
empowers Chinese airlines with seamlessly immersive Internet
connections through a network of satellites and land-based beacons,
provides airline travelers with interactive entertainment and a
coverage of breaking news, and furnishes corporate clients with
advertisements tailored to the perceptions of the travelers.

Marcum Bernstein & Pinchuk LLP, in New York, issued a "going
concern" qualification in its report dated April 30, 2019, on the
Company's consolidated financial statements for the year ended Dec.
31, 2018, citing 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.

AirMedia incurred a net loss of US$93.41 million in 2018 following
a net loss of US$179.2 million in 2017.  As of Dec. 31, 2018,
AirMedia had US$129.8 million in total assets, $115.41 million in
total liabilities, and US$14.39 million in total equity.


ALLIED UNIVERSAL: Fitch Rates New First Lien Loans 'BB-'
--------------------------------------------------------
Fitch Ratings has affirmed Allied Universal Holdco LLC's Long-Term
Issuer Default Rating at 'B'. In addition, Fitch has assigned a
'BB-'/'RR2' rating to the proposed new first lien secured revolver,
term loans and notes, and a 'CCC+'/'RR6' rating to the proposed new
unsecured notes. The Rating Outlook is Stable.

Allied Universal has announced a refinancing of its $4.1 billion of
existing debt. The proposed capital structure will consist of
secured debt comprised of a new $2.52 billion term loan, a $200
million delayed-draw term loan, and $500 million in senior secured
notes, and $1.05 billion in senior unsecured notes. Allied
Universal will also have access to a $300 million secured revolving
credit facility (no outstandings) and a new $750 million
asset-based (ABL) revolver (no outstandings). Transaction proceeds
will repay existing debt with the incremental capacity available to
fund future acquisitions.

Fitch-defined pro forma total leverage on Dec. 31, 2018 is
calculated at approximately 7.2x based on the new capital
structure. Additional pro forma adjustments include a full year of
U.S. Security Associates (USSA, acquired on Oct. 26, 2018) as well
as a portion of expected corporate and acquisition-related
synergies. While the transaction only modestly increases leverage,
the incremental capacity provided by the new ABL could potentially
increase the amount of senior debt in the capital structure.

The transaction follows the Feb. 20, 2019 announcement that Caisse
de depot et placement du Quebec (CDPQ) will make a $1.5 billion
dollar equity investment in Allied Universal. The new equity will
fund a $1.3 billion distribution to current equity sponsors Warburg
Pincus and Wendel, $150 million to repay revolver outstandings
primarily associated with recent acquisition funding and $58
million to support future acquisition activity. Following the
investment, which values the company at approximately $7.25
billion, Allied Universal will be owned by a consortium comprised
of CDPQ, Wendel, Warburg Pincus, co-investors and the management
team.

KEY RATING DRIVERS

Second Transformative Acquisition: On Oct. 26, 2018, Allied
Universal closed the acquisition of USSA, the fourth largest U.S.
private security provider, for approximately $1.0 billion, or 10.5x
USSA's pro forma FY17 EBITDA of $95 million. The company identified
approximately $70 million of synergies, and the integration is
proceeding ahead of plan with $46 million realized on a run rate
basis. The transaction was funded with a mix of debt and equity.

Leading Market Position: The USSA acquisition further solidifies
Allied Universal U.S. market leadership position, increasing Allied
Universal's U.S. market share to approximately 25% from 20%. Fitch
notes that while the U.S. private security industry is highly
fragmented, this acquisition increased market revenue concentration
of the top three providers to 46%, with the remaining share spread
among more than 8,000 firms. Less than 20 additional participants
generate more than $100 million in annual revenues. Although Allied
Universal is also the world's third largest security provider, the
company has not articulated any plans to significantly expand
beyond North America.

Diversification: The company services a variety of blue chip
clients including 315 of the Fortune 500. The company is also
diversified geographically across the United States with no
particular region making up more than 21% of revenues. In addition
to minimizing exposure to regional economic downturns, this
geographic diversification increases the company's appeal to a
national client base, including federal government institutions.

The company's top 10 clients, spread across eight primary industry
verticals, provided approximately 10% of revenues, with no single
customer generating more than 2% for the 12-months ended Sept. 30,
2018. The company is also well diversified by end market, with
commercial real estate, the largest end market, making up only 11%
of total revenues, followed by retail and malls at 9% and
government entities at 8%.

Recession Resistant Industry: The security services industry is
considered relatively recession resistant given the critical and
non-discretionary importance of asset protection, with revenue
growth generally lagging GDP. The industry experienced growth rates
of 9% in 2008, 2% in 2009 and -1% in 2010, returning to low single
digit growth in 2011.

Fitch believes that the biggest risk during a recession is lost
business resulting from a client going out of business more so than
a client cutting back on contracted services. Fitch notes
recessions can also have positive effects on costs as rising
unemployment can reduce or eliminate upward pressure on wages and
may help to lower wages, while potentially reducing employee
turnover and recruiting, training and unbilled overtime costs.

High Leverage: Allied Universal has primarily used debt to finance
M&A activity, including the USSA transaction. Fitch-defined pro
forma total leverage on Dec. 31, 2018 is calculated at
approximately 7.2x based on the new capital structure and including
additional pro forma adjustments of a full year of USSA as well as
a portion of expected corporate and acquisition-related synergies.
Fitch expects the company to continue to focus on small, tuck-in
acquisitions as part of its efforts to consolidate this highly
fragmented industry with three large players and a significant
number of smaller competitors.

Operating Concerns: The industry's highly fragmented structure
results in significant contract pricing pressure. Employee costs
have also risen due to low unemployment and mandated minimum wage
growth in several states. Security company pay rates generally
exceed the minimum wage given their focus on hiring and retaining
qualified security personnel. Margins can be negatively affected if
companies are unable to fully pass along these rising costs given
the industry's competitive nature and contract timing. Additional
cost concerns involve mandatory paid leave in some states,
unionization and higher unemployment and other taxes, most of which
may not be able to be passed on to clients.

M&A Risk: There are few remaining U.S. acquisitions of sufficient
size, which may drive up multiples as the remaining large security
service providers look to M&A to supplement organic growth.
Electronic security is growing faster than manned security as
companies look for security system development and integration,
video and alarm surveillance and data analytics and protection.
Although Allied Universal has grown its offerings of ancillary
products both organically and inorganically, further acquisitions
in these sub-segments may have increased integration risks if they
involve new or unproven technologies and/or are not readily
accepted by clients.

Future acquisitions are expected to focus on broadening the
company's electronic security offerings and also on expanding
exposure to new or existing verticals through tuck-in acquisitions
of manned security companies with specific market focuses. In 2Q19,
the company closed two acquisitions and signed definitive
agreements for two more for total consideration of approximately
$128 million. The acquisitions are expected to provide an estimated
$22 million of aggregate EBITDA including synergies, representing
an average post-synergy multiple of 5.8x. Revolver drawings used to
fund these acquisitions will be repaid using a portion of proceeds
from the CDPQ equity investment.

DERIVATION SUMMARY

Allied Universal does not have any direct peers within Fitch's
Corporates universe. The ratings consider the company's position as
the largest U.S. security service provider and their national
coverage, which affords the company access to larger security
contracts not generally available to smaller competitors. However,
the ratings are constrained by the company's high leverage that has
resulted from debt-financed M&A activity and is expected to remain
elevated over the rating horizon.

The recently announced July 2019 refinancing of the company's first
and second lien debt is not substantially leveraging assuming no
draw on the revolving facilities. However, the $750 million ABL
revolver does significantly increase the company's capacity to take
on senior secured debt should the facilities be drawn. Fitch
expects the company to periodically draw on the revolver to fund
tuck-in acquisitions over the rating horizon.

KEY ASSUMPTIONS

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

  -- Allied Universal closes its refinancing transaction in early
July 2019;

  -- Low to mid-single digit annual revenue growth;

  -- Margin improvement driven by synergies and ongoing cost
reduction efforts;

  -- Annual Capex between 1% and 1.5% of revenues;

  -- Annual free cash flow of greater than $200 million by 2022;

  -- The CDPQ investment proceeds as planned;

  -- Fitch Calculated Gross Leverage falls to 5.7x by 2022.

  -- The recovery analysis assumes that Allied Universal would be
considered a going-concern in bankruptcy and that the company would
be reorganized rather than liquidated. Fitch has assumed a 10%
administrative claim. Fitch estimates an adjusted distressed
enterprise valuation of $3.5 billion using a 7.0x multiple and $503
million in going concern EBITDA.

  -- Fitch's recovery analysis contemplates insolvency resulting
from significant loss of contracts from increased competitive
pressure due to a breakdown in the industry's oligopolistic
structure. Under this scenario, one of the other large competitors
becomes aggressive regarding pricing leading to a 15% drop in
Allied Universal's revenues. Based on normal EBITDA margins of 8%,
Fitch-calculated EBITDA would fall to $503 million.

  -- The 7.0x multiple is on the low end of historical
transactions. According to industry information, most of the large
transactions announced over the past 15 years have indicated
average purchase price values in the 8x-9x EBITDA range while
smaller acquisitions tend to have mid- to high single digit
multiples. In addition, AlliedBarton was acquired by Wendel for
approximately 12x EBITDA; USSA was acquired for approximately 11x;
and the recent CDPQ investment was made at approximately 11x. Given
that the pure-play contract manned security industry is comprised
of private companies, there are no public multiples available.

  -- Fitch generally assumes a revolver is fully drawn when
companies are under duress. Fitch also assumes Allied Universal's
ABL facility will be fully drawn. The ABL revolver is secured by a
first-lien on all working capital assets and a second-lien on
remaining assets. Allied Universal's ABL revolver availability is
governed by a borrowing base of a percentage of eligible
receivables.

  -- These assumptions result in a recovery rate for the pari passu
senior secured facilities, comprised of the revolver, term loans
and senior secured notes, within the 'RR2' range to generate a
one-notch uplift to the debt rating from the IDR. They also result
in a recovery rate for the unsecured notes within the 'RR6' range
generating a rating that is 2 notches lower than the IDR.

RATING SENSITIVITIES

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

  -- Fitch-calculated pro forma total leverage declines below
6.0x.

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

  -- FCF margin remains below 2% for an extended time

  -- Pro forma total leverage exceeds 7.0x driven by operational
issues; debt funded M&A; or dividends without a credible delevering
plan.

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity: On Dec. 31, 2018, liquidity consisted of $29.7
million in readily available cash and $271 million in revolver
availability. The refinancing will significantly bolster Allied
Universal's liquidity with the addition of a $750 million ABL
revolver and the $200 million delayed draw term loan. In addition,
a portion of CDPQ's equity investment will be used to repay
existing revolver borrowings ($150 million) and to fund future
acquisitions ($58 million).

Entity/Debt                        Rating
-----------                        ------
Allied Universal Holdco LLC

     LT IDR                         B     Affirmed
     Senior unsecured       LTC     CC+   New Rating
     Senior secured         LT      BB-   New Rating


ALLIED UNIVERSAL: Moody's Rates New $2.5BB First Lien Loan B3
-------------------------------------------------------------
Moody's Investors Service assigned ratings to Allied Universal
Holdco LLC's new capital structure including a B3 rating to the
proposed first lien bank credit facilities; a B3 to the proposed
senior secured notes and a Caa2 to the proposed senior unsecured
notes. At the same time, Moody's affirmed Allied Universal's B3
Corporate Family Rating and B3-PD Probability of Default Rating.
The outlook also changed to stable from negative.

Proceeds from the new $2.520 billion first lien term loan, $500
million senior secured notes, $1.05 billion senior unsecured notes,
$150 million of new equity from CDPQ and the release of restricted
cash will be used to refinance all existing debt and to pay related
fees and expenses. At the same time, Allied Universal is seeking to
raise a new $300 million first lien revolving credit facility, a
new $750 million asset based revolving credit facility (unrated)
and a $200 million delayed draw first lien term loan. CDPQ's
pending acquisition of a roughly 46% equity stake ($1.292 billion
from Warburg Pincus and Wendel along with an additional $150
million of equity) is expected to close at the same time as the
refinancing.

The affirmation of the B3 CFR acknowledges Moody's view that this
transaction is largely leverage neutral and extends Allied
Universal's nearest debt maturity to 2024. The change in outlook to
stable reflects that the new $300 million revolving credit facility
and $750 asset based revolving credit facility provides Allied
Universal with good liquidity to support its working capital cycle
and expected cash flow deficit in 2019. The change in outlook to
stable also acknowledges Moody's forecast for Allied Universal to
reduce debt/EBITDA to below 7.5x by the end of 2019, the level that
has been cited as a potential downgrade factor.

The following ratings are assigned (subject to receipt and review
of final documentation):

Assignments:

Issuer: Allied Universal Holdco LLC

Senior Secured First Lien Revolving Credit Facility, Assigned B3
(LGD3)

Senior Secured First Lien Term Loan, Assigned B3 (LGD3)

Senior Secured First Lien Delayed Draw Term Loan, Assigned B3
(LGD3)

Senior Secured Regular Bond/Debenture, Assigned B3 (LGD3)

Senior Unsecured Regular Bond/Debenture, Assigned Caa2 (LGD6)

Affirmations:

Issuer: Allied Universal Holdco LLC

Probability of Default Rating, Affirmed B3-PD

Corporate Family Rating, Affirmed B3

Outlook Actions:

Issuer: Allied Universal Holdco LLC

Outlook, Changed To Stable From Negative

The follow ratings are unchanged and will be withdrawn upon closing
of the transaction:

Issuer: Allied Universal Holdco LLC

Senior Secured First Lien Revolving Credit Facility, at B2 (LGD3)

Senior Secured First Lien Term Loan, at B2 (LGD3)

Senior Secured First Lien Delayed Draw Term Loan, at B2 (LGD3)

Senior Secured Second Lien Term Loan, at Caa2 (LGD6)

Senior Secured Second Lien Delayed Draw Term Loan, at Caa2 (LGD6)

RATINGS RATIONALE

Allied Universal's B3 Corporate Family Rating is broadly
constrained by its highly leveraged capital structure, aggressive
acquisition history and private equity ownership. Debt/EBITDA for
the twelve months ended March 31, 2019 is 7.8x. Moody's forecast it
will improve to 7.3x by the end of 2019. The rating also
acknowledges that Moody's expect free cash flow (after mandatory
term loan amortization, capital lease payments and contingent
consideration payments) to remain negative in 2019 given the costs
associated with the integration and synergies and the ongoing high
level of EBITDA add-backs. The rating encompasses Allied
Universal's low operating margins relative to other services
companies, and Moody's expectation that operating margins will
continue to face pressure as a result of ongoing labor inflation
and a change in revenue mix towards larger but gross lower margin
contracts.

Moody's generally views a change in ownership amongst private
equity firms as largely credit neutral. However in Allied
Universal's case, Moody's note that the transaction will reduce the
ownership stake of existing firms which had supported very
aggressive financial policies which included debt financed
recapitalizations, shareholder distributions and acquisitions.
Moody's generally views CDPQ's willingness to provide some
additional equity for acquisitions as a credit positive. However,
the proposed $200 million delayed draw term loan indicates that
Allied will remain heavily reliant on debt to finance
acquisitions.

Allied Universal benefits from its market position as the US's
largest security services company, the recession resistant nature
of the security services business, a history of successfully
integrating smaller tuck-in acquisitions and its adequate
EBITA/interest expense of roughly 1.4x for the twelve months ended
March 31, 2019. Despite the expectation for negative free cash flow
in 2019, Moody's view Allied Universal as having good liquidity
largely supported by the $750 million asset based revolving credit
facility and $300 million senior secured first lien revolving
credit facility. Also, Moody's believes that Allied Universal's
free cash flow should turn positive in 2020 as the size of
acquisitions made going forward will require lower cash costs to
integrate and achieve potential synergies.

Ratings could be downgraded should Allied Universal experience a
decline in organic operating performance or the loss of contacts
with key customers. Ratings could also be downgraded should
operating performance or financial policies support debt/EBITDA
remaining above 7.5x beyond 2019 or free cash flow-to-debt
remaining below 2%. Ratings could also be downgraded should
liquidity deteriorate.

Ratings could be upgraded should operating performance and
financial policy support debt/EBITDA sustained below 6.0x and
EBITA/interest expense above 2.0x. An upgrade would also require
continued revenue growth at stable operating margins and good
liquidity.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

Headquartered in Conshohocken, Pennsylvania and Santa Ana,
California, Allied Universal Holdco LLC is the largest North
American security services company. Revenues pro forma for a full
year of US Security are about $7.1 for the twelve months ended
March 31, 2019. Following the close of the transaction, Allied
Universal will be owned by CDPQ, Warburg Pincus LLC, Wendel Group
and other minority holders including management.


ALLIED UNIVERSAL: S&P Affirms 'B-' ICR on Refinancing
-----------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on U.S.
manned security services provider Allied Universal Topco LLC (AU).


AU is planning to refinance its capital structure in conjunction
with an equity investment by its new private-equity partner and
single largest shareholder, Caisse de depot et placement du Quebec
(CDPQ).  The company is issuing a $2.72 billion first-lien term
loan (including a $200 million delayed draw), $500 million of
secured notes, and $1.05 billion of unsecured notes to refinance
over $4 billion of its existing debt, repay existing shareholders,
and fund future tuck-in acquisitions. In addition, the company
plans to issue a new $300 million revolving credit facility and
$750 million asset-based credit facility (unrated). CDPQ will also
provide new equity for recently closed and near-term tuck-in
acquisitions.

Meanwhile, S&P assigned its 'B-' issue–level rating and '3'
recovery rating to the proposed secured debt and its 'CCC'
issue-level rating and '6' recovery rating to the new unsecured
notes.

The affirmation reflects S&P's expectation that ongoing
labor-related cost pressures and the company's sizeable debt burden
will continue to strain its debt leverage and cash flow despite its
recent realization of certain merger synergies. The proposed
transaction will improve AU's access to liquidity by increasing its
revolver commitments to $1.05 billion, which S&P believes the
company could use to fund mergers and acquisitions or temporary
liquidity shortfalls thereby supporting an elevated leverage
profile. The company's pro forma S&P-adjusted debt leverage will be
in the low-9x area before improving to the high-7x area in 2020 on
increased earnings due to stable gross margins and the successful
integration of U.S. Security Associates Holdings Inc. (USSA).

The stable outlook on AU reflects S&P's expectation that the
company's credit metrics will remain weak, albeit improving, over
the next 12 months as higher bill rates and the realization of
synergies offset cost pressures and support earnings growth. S&P
expects the company's leverage to remain elevated as it continues
to pursue a debt-funded M&A strategy with leverage in the low-9x
area in 2019.

"Over the next 12 months, we could raise our ratings on AU if we
project that it will sustain leverage of less than 7.5x and a free
operating cash flow-to-debt ratio in the mid-single digit percent
area. This could occur if the company curtails its debt-funded
acquisitions and focuses on debt repayment and/or if its operating
performance materially outperforms our expectations," S&P said.
While unlikely in the near term, the rating agency said it could
also raise the rating if the company significantly diversifies its
revenue base by expanding into the more-profitable security
integration market.

"We could lower our ratings on AU if its labor and wage pressures
worsen causing its employee turnover to spike or its service
quality to deteriorate such that its customer retention rates
decline, leading to a dependence on revolver borrowings to fund its
operations," S&P said, adding that it could lower the rating if the
company executes large debt-financed acquisitions that constrain
its liquidity.


AMG ADVANCED: S&P Affirms 'BB-' ICR; Outlook Stable
---------------------------------------------------
S&P Global Ratings affirmed its 'BB-' ratings on Netherlands-based
specialty metals producer AMG Advanced Metallurgical Group N.V.
(AMG) and assigned its 'B' issue-level rating and '6' recovery
rating to the $300 million of unsecured tax-exempt revenue bonds,
which the company intends to issue to finance the construction of a
new spent catalyst recycling facility.

S&P also raised the issue rating on the company's secured revolving
credit facility and term loan B to 'BB' from 'BB-'. The recovery
rating on both issues is '2'.

The affirmation reflects S&P's view that AMG will maintain leverage
within its expectations of 2x-3x while incurring increased debt to
fund capital expenditures (capex) related to the company's new
Cambridge II oil refinery spent catalyst recycling plant. AMG is
planning to issue $300 million of unsecured tax-exempt revenue
bonds. The Ohio Air Quality Development Authority will issue the
bond on behalf of AMG subsidiary AMG Vanadium LLC. The bonds will
have a 30-year maturity and all the proceeds will be used for
capex.

The stable outlook reflects S&P's view that AMG's credit metrics
will weaken but remain in ranges supportive of the rating over the
next 12 months. This includes S&P's forecast for leverage reaching
about 3x EBITDA given higher debt associated with the Cambridge II
development project. Under current market conditions of strong
end-market demand for AMG's products but very high price
volatility, S&P expects AMG will produce EBITDA of about $150
million, translating into debt to EBITDA of about 2.5x in 2019 and
3.0x in 2020.

"We could lower our ratings on AMG if adjusted debt to EBITDA
exceeded 4x. This could be the result of weak operating performance
from a prolonged softening of metals prices and end-market demand
or additional capital spending from major cost overruns or delays
for the ongoing development projects that lead to
larger-than-anticipated free operating cash deficits," S&P said.

"We do not expect to raise the rating in the next 12-18 months.
Over the medium term, a higher rating would require positive free
operating cash flow and reduced project execution risks, triggered
by the successful ramp up or completion of the ongoing development
projects," S&P said.


AQUABOUNTY TECHNOLOGIES: Appoints Chief Commercial Officer
----------------------------------------------------------
AquaBounty Technologies, Inc., has appointed David F. Melbourne,
Jr. as chief commercial officer effective on June 17, 2019.  The
Company also announced the commencement of the commercial
production of AquAdvantage Salmon at the Company's Indiana farm.

Mr. Melbourne joins AquaBounty from Bumble Bee Foods, LLC, a
branded seafood company in North America, where he served as senior
vice president of Consumer Marketing, Government & Industry
Relations and Corporate Social Responsibility.  He previously held
senior positions at Castleberry/Snow's Brands, Inc., primarily in
operations and marketing.  As the Company begins its
commercialization of AquAdvantage Salmon, Mr. Melbourne's 25 years
of marketing and strategic planning experience will be a strong
asset to AquaBounty in developing its customer business model.

Sylvia Wulf, chief executive officer of AquaBounty, stated: "With
the first shipment of AquAdvantage Salmon eggs received at our
Indiana facility last week, we have begun commercial production in
the United States, a world's first.  Having David join the Company
now is perfect timing, as we anticipate the first harvest from the
Albany farm in the autumn of 2020.  We are focused on successfully
commercializing AquAdvantage Salmon and bringing its many benefits
to consumers."

Mr. Melbourne added "I am thrilled to join AquaBounty now as it
begins the next stage of its development and I look forward to
introducing the climate-smart and environmentally sustainable
AquAdvantage Salmon to consumers."

                      About AcquaBounty

Headquartered in Maynard, Massachusetts, AquaBounty Technologies,
Inc., is a biotechnology company focused on enhancing productivity
and sustainability in the fast-growing aquaculture market.

AquaBounty reported a net loss of $10.38 million in 2018 following
a net loss of $9.25 million in 2017.  As of March 31, 2019, the
Company had $33.02 million in total assets, $5.47 million in total
liabilities, and $27.55 million in total stockholders' equity.

Wolf & Company, P.C., in Boston, Massachusetts, the Company's
auditor since 2011, issued a "going concern" qualification in its
report dated March 7, 2019, on the Company's consolidated financial
statements for the year ended Dec. 31, 2018, citing that the
Company has suffered recurring losses and negative cash flows from
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


ARCIMOTO INC: Shareholders Elect Five Directors
-----------------------------------------------
At Arcimoto, Inc.'s annual meeting of shareholders held on May 11,
2019, the Company's shareholders:

   (a) elected Mark D. Frohnmayer, Terry L. Becker, Jeff Curl,
       Joshua S. Scherer, and Jesse G. Eisler to serve as
       directors of the Company, each of whom will hold office
       until the 2020 annual meeting of shareholders and until
       his or her successor is duly elected and qualified;

   (b) approved the amendment to the Company's Second Amended
       Articles of Incorporation increasing the number of shares
       of authorized common stock, no par value per share, from
       20,000,000 shares to 60,000,000; and

   (c) approved the amendment to the Arcimoto, Inc. 2018 Omnibus
       Stock Incentive Plan was approved.

                          Arcimoto, Inc.

Headquartered in Eugene, Oregon, Arcimoto, Inc. (NASDAQ: FUV) --
http://www.arcimoto.com/-- is devising new technologies and
patterns of mobility that together raise the bar for environmental
efficiency, footprint and affordability.  Available for pre-order
today, Arcimoto's Fun Utility Vehicle, Rapid Responder, and
Deliverator are some of the lightest, most affordable, and most
appropriate electric vehicles suitable for everyday transport.

Arcimoto reported a net loss of $11.05 million for the year ended
Dec. 31, 2018, compared to a net loss of $3.31 million for the year
ended Dec. 31, 2017.  As of March 31, 2019, the Company had $15.32
million in total assets, $6.21 million in total liabilities, and
$9.10 million in total stockholders' equity.

In its report dated March 29, 2019, on the Company's consolidated
financial statements for the year ended Dec. 31, 2018, dbbmckennon,
in Newport Beach, California, the Company's auditor since 2016,
expressed substantial doubt about the Company's ability to continue
as a going concern.  The auditor noted that Arcimoto has not
achieved positive earnings and operating cash flows from its
intended operations.


ASCENT INDUSTRIES: July 12 Hearing Set in CCAA Proceeding
---------------------------------------------------------
Ascent Industries Corp. (CSE: ASNT) is providing this bi-weekly
default status report in accordance with National Policy 12-203
Cease Trade Orders for Continuous Disclosure Defaults ()NP
12-203").

On May 16, 2019, the Company announced that its financial
statements for the year ended December 31, 2018, including the
related management discussion and analysis, and CEO and CFO
certifications (collectively, the "Annual Filings") were not filed
by the required filing deadline of April 30, 2019.

As previously reported, Ascent is currently involved in proceedings
under the Companies Creditors Arrangement Act (the "CCAA
Proceeding").  Ascent is required to file bi-weekly default status
reports in accordance with NP 12-203 until such time that the CCAA
Proceeding is concluded or until the default in making the Annual
Filings is remedied.

The Company reports that since its news release of May 30, 2019,
there have been no material changes regarding the information
contained in that news release.  Further, there is no other
material information concerning the affairs of the Company that has
not been generally disclosed.  The Company confirms that, since its
news release of May 30, 2019, there have been no failures by it in
fulfilling its stated intentions with respect to satisfying the
provisions of the alternative information guidelines under NP
12-203, and the Company intends to file the Annual Filings as soon
as possible.

CCAA Proceeding Update

The deadline for filings Proofs of Claims was June 10, 2019 and the
Company is now in the process of reviewing all filed claims with
the Monitor.  The Company anticipates that the next court hearing,
in the CCAA Proceeding, will be set for July 12, 2019.

                  About Ascent Industries Corp.

The Company's operations currently include facilities in Oregon and
Nevada in the United States.  In the United States, the Company
holds licenses in Oregon (for processing and for distribution of
cannabis to any licensed entity in the state) and in Nevada (for
cultivation and for production, processing and wholesale
distribution of cannabis).  In Europe, Agrima ApS, a Danish company
and wholly-owned subsidiary of Ascent, has established European
headquarters and is pursuing multiple jurisdictional licenses.


BIOSCRIP INC: Reveals Post-Merger Executive Team
------------------------------------------------
BioScrip, Inc., announced that key members of BioScrip's leadership
team will continue in executive roles with the combined company
following the close of its pending merger with Option Care
Enterprises, Inc.

Dan Greenleaf, president and chief executive officer of BioScrip,
will become special advisor to the newly combined company's Board
Chairman, Harry Kraemer, and Chief Executive Officer, John
Rademacher.  Mr. Greenleaf will provide strategic and operational
counsel to ensure a smooth transition, optimize the integration of
both companies, and drive long-term growth opportunities.

In addition, other members of BioScrip's existing senior leadership
team will continue with the combined company in key executive roles
following the merger close, including:

   * Harriet Booker, who will continue as chief operating
     officer;

   * Rich Denness, who will become chief strategy officer;

   * John McMahon, who will become SVP corporate finance;

   * Bob Roose, who will continue as SVP, Procurement; and

   * Arcot Prakash, who will become VP Information Technology.

Dan Greenleaf, president and chief executive officer of BioScrip,
commented, "I am really pleased to have the opportunity to support
both Harry and John to drive value in the newly combined company,
and I am equally excited to see that the new company's leadership
team will have a strong representation from BioScrip, which has
performed exceptionally well through the first five months of 2019.
Speaking of performance, as reported in our first quarter earnings
release, BioScrip achieved strong gross revenue growth and we
expect this to continue in the second quarter of 2019.  Moreover,
our daily cash collection rates continue to improve as we focus on
improving the fundamentals of the business.  Our pending
combination with Option Care will provide an incredible platform to
accelerate growth for BioScrip, as the newly combined company will
have a significantly improved capital structure and a market leader
position in the attractive home infusion therapy services industry
with unmatched scale, scope and talent."

On June 13, 2019, the Company also sent an email communication to
all Company employees regarding the executive leadership team.  A
copy of the email communication is as follows:

"After a very thoughtful review of our leadership needs moving
forward as a newly combined company, I am very pleased to announce
the new Executive Leadership Team (ELT) and some additional
leaders, for the combined company.  The team is a blend of both
Option Care and BioScrip Executives and will create one of the
strongest leadership teams in all of health care. These changes
will take effect immediately after the merger transaction is closed
and these individuals will continue to fulfill their existing roles
and responsibilities until that time.

"As previously announced, Mike Shapiro will lead our Finance and
Accounting teams as Chief Financial Officer.  In addition to Mike's
current leadership team, John McMahon, currently BioScrip's VP
Controller and Chief Accounting Officer will also be joining the
Finance Team as the new SVP, Corporate Finance. John will continue
to work out of the Denver office.  Mike will also retain overall
responsibility for the combined Revenue Cycle Management functions
as we work to integrate and optimize our cash collections process.

"As announced last week, Harriet Booker, currently the COO of
BioScrip, will become our new Chief Operating Officer, and will
have responsibility for our entire field operations teams as well
as serve as the Chief Integration Officer for all our merger
integration activities.  As a result, Julie Koenig, Option Care's
SVP of Operations, will report to Harriet and continue to play an
integral role in our organization.

"In light of the merger and the vital importance to both maintain a
seamless transition with our customers, as well as put greater
focus on the breadth of our strategic relationships across our
payor, health systems and manufacturer partners, I have decided to
split our Commercial function into two areas.  Chris Hartman,
Option Care's current Chief Commercial Officer will lead our field
Sales teams and our Marketing team as our new Chief Growth Officer.
Chris will be responsible for effectively integrating our combined
field sales and clinical transition/liaison teams into a market
powerhouse to drive even greater growth and market share gains.  He
will also lead our Marketing team as we launch our new company
brand and effectively differentiate us in the marketplace.  The
future Sales organizational structure and leadership will be
announced once the merger closes.

"Rich Denness, currently the Chief Commercial Officer for BioScrip,
will take on the new role as Chief Strategy Officer and will have
responsibility for leading our Market Access, Health Systems,
Procurement and Business Development teams. Matt Deans will
continue in his role as SVP, Business Development and will now
report directly to Rich.  Matt will retain leadership over Business
Development, Trade Relations, Women's Health and the CSI Network.
Matt will also continue to advance our Ambulatory Infusion Center
strategy and incubate new business ventures.  Bob Roose, SVP
Procurement at BioScrip, will report to Rich as we look to drive
significant savings in our drug and supply costs.

"Brenda Wright will continue in her role as Senior Vice President,
Clinical Services and maintain responsibility for clinical
leadership, establishing standards of care and leading the
Company's quality initiatives.  Keyur Mehta, BioScrip's Vice
President of Clinical Services, will move into an integration role
immediately following the close, and will continue reporting to
Harriet.  His long tenure in a multitude of leadership roles in
infusion (including having been an Option Care franchise owner!)
will be a critical success factor in our integration efforts.

"Brett Michalak will continue in his role as Chief Information
Officer and will be responsible for all aspects of Information
Technology ensuring alignment of technology initiatives,
development, operations and information security for the Company.
He will also continue to lead our Information Security, Business
Analytics and Project Management Office teams.  I am also asking
Brett to help support our efforts to help standardize and harmonize
the platforms we use for Patient Administration, Pharmacy
Management and Revenue Cycle Management and bring a comprehensive
set of tools and processes that will drive meaningful improvements
in our velocity of cash collections. Brett and his team will work
closely with Harriet and will be instrumental in helping us achieve
our Integration plans.  Also, joining the IT Team will be Arcot
Prakash in the new role of Vice President, Information Technology
reporting to Brett.  In this role, Arcot will be responsible for
technology development, deployment and support.

"Cliff Berman will continue in his role as General Counsel and
Corporate Secretary and will have responsibility for all the
Company's legal and regulatory affairs.

"Cari Reed will continue in her role as the Company's Chief
Compliance and Privacy Officer and will have responsibility for all
compliance activities.

"Mike Rude will continue in his role as Chief Human Resources
Officer and will lead our Human Resource and Communications teams.

"With these leadership appointments, I want to take this time to
extend my thanks and appreciation to the following people for their
leadership and efforts in their respective functions, and for their
continued help and leadership during this integration planning
phase.

"As previously announced, Dan Greenleaf will be leaving the company
after the merger closes and will become an Advisor to the new
Company's Chairman of the Board of Directors and to me as CEO --
helping ensure a smooth transition and integration of the two
companies. Dan has been and will continue to be a great partner of
mine as we prepare our respective businesses for the merger and his
experience and knowledge are invaluable as we navigate the
direction forward.
   
"Steve Deitsch, SVP, CFO and Treasurer, Leslie McIntosh, SVP, Chief
Human Resources Officer, and Kathryn Stalmack, SVP, General Counsel
for BioScrip, will be leaving the company shortly after the merger
closes.  Their insights and leadership during this planning phase
have been critical to our successful integration and I am truly
thankful for their professionalism and commitment to the
organization for ensuring a smooth and effective transition.

"With the Executive Leadership Team now in place, we will begin to
finalize the organizational structures underneath each of the
leaders.  Between now and the merger closing date, we will be
working to define the organizational model and select the direct
reports to each ELT member.  We will announce the next level of
leadership on Day 1 after the merger closes.  While we anticipate
the deal will close sometime in the third quarter, it may close as
early as late July.  The next step in the merger process is to
obtain clearance from the SEC and then schedule and hold a BioScrip
shareholder vote on the merger.  More information will be
communicated on the progress we are making to accomplish these
objectives as soon as it becomes available."

                     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 in 2018, following a net loss attributable to common
stockholders of $74.27 million in 2017.  As of March 31, 2019,
Bioscrip had $597.19 million in total assets, $657.28 million in
total liabilities, $3.33 million in series A convertible preferred
stock, $92.9 million in series C convertible preferred stock, and a
total stockholders' deficit of $156.34 million.

                           *    *     *

In mid-May 2019, Moody's Investors Service upgraded the Corporate
Family Rating of BioScrip to 'B3' from 'Caa1'.  The upgrade
reflects the improvement in BioScrip's credit profile due to the
pending merger with HC Group Holdings III, Inc., d/b/a Option Care.


S&P Global Ratings in May 2019 said all of its ratings on BioScrip,
including the 'CCC+' issuer credit rating and issue level ratings,
remain on CreditWatch with positive implications until the close of
its all-stock merger with competitor HC Group Holdings III Inc.


BIOSCRIP INC: Stockholders Elect Six Directors
----------------------------------------------
Bioscrip, Inc., held its annual meeting of stockholders on June 11,
2019, at which the stockholders:

  (a) elected Daniel E. Greenleaf, Michael G. Bronfein, David W.
      Golding, Michael Goldstein, Steven Neumann, and Carter R.
      Pate as directors, each for a term expiring at the
      Company's next annual meeting;

  (b) ratified the appointment of KPMG LLP as the Company's
      independent registered public accounting firm for the
      fiscal year ending Dec. 31, 2019; and

  (c) approved a proposal relating to the advisory vote on
      executive compensation.

                     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 in 2018, following a net loss attributable to common
stockholders of $74.27 million in 2017.  As of March 31, 2019,
Bioscrip had $597.19 million in total assets, $657.28 million in
total liabilities, $3.33 million in series A convertible preferred
stock, $92.9 million in series C convertible preferred stock, and a
total stockholders' deficit of $156.34 million.

                           *    *    *

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 in 2018, following a net loss attributable to common
stockholders of $74.27 million in 2017.  As of March 31, 2019,
Bioscrip had $597.19 million in total assets, $657.28 million in
total liabilities, $3.33 million in series A convertible preferred
stock, $92.9 million in series C convertible preferred stock, and a
total stockholders' deficit of $156.34 million.

                           *    *     *

In mid-May 2019, Moody's Investors Service upgraded the Corporate
Family Rating of BioScrip to 'B3' from 'Caa1'.  The upgrade
reflects the improvement in BioScrip's credit profile due to the
pending merger with HC Group Holdings III, Inc., d/b/a Option Care.


S&P Global Ratings in May 2019 said all of its ratings on BioScrip,
including the 'CCC+' issuer credit rating and issue level ratings,
remain on CreditWatch with positive implications until the close of
its all-stock merger with competitor HC Group Holdings III Inc.


BLUE EAGLE FARMING: Disclosure Statement Hearing Moved to July 15
-----------------------------------------------------------------
Bankruptcy Judge Tamara O. Mitchell issued an order rescheduling
the hearing on the disclosure statement filed on behalf of Blue
Eagle Farming, LLC; War-Horse Properties, LLLP; Eagle Ray
Investments, LLC; H J Farming, LLC; Blue Smash Investments, LLC;
Armor Light, LLT; and Forse Investments, LLC and a separate
disclosure statement been filed on behalf of Robert Bradford
Johnson to July 15, 2019 at 1:00 p.m.

June 14, 2019, is fixed as the last day for filing and serving
written objections to the disclosure statement.

                 About Blue Eagle Farming

Blue Eagle Farming and H J Farming are engaged in the business of
cattle ranching and farming.  Blue Smash Investments operates in
the financial investment industry; War-Horse Properties manages
companies and enterprises; Eagle Ray Investments and Forse
Investments are lessors of real estate while Armor Light, LLC, is
engaged in the business of residential building construction.

Blue Eagle Farming, LLC, and its affiliate H J Farming, LLC, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Ala. Case Nos. 18-02395 and 18-02397) on June 8, 2018.

On June 9, 2018, five Blue Eagle affiliates filed Chapter 11
petitions: Blue Smash Investments LLC, Eagle Ray Investments LLC,
Forse Investments LLC, Armor Light LLC, and War-Horse Properties,
LLLP (Bankr. N.D. Ala. Case Nos. 18-81707 to 18-81711).  The cases
are jointly administered under Case No. 18-02395.

In the petitions signed by Robert Bradford Johnson, general partner
of Blue Eagle Farming, LLC's sole owner, Blue Eagle estimated $1
million to $10 million in assets and $100 million to $500 million
in liabilities as of the bankruptcy filing.

Judge Tamara O. Mitchell presides over the cases.

Burr & Forman LLP is the Debtors' legal counsel.


BOMBARDIER RECREATIONAL: S&P Rates Incremental Term Loan B 'BB'
---------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '3'
recovery rating to Bombardier Recreational Products Inc.'s (BRP;
BB/Stable/--) proposed US$335 million add-on issuance to the
company's existing term loan B. Even though the issue-level and
recovery ratings are unchanged on the existing term loan, S&P has
revised its recovery estimate on the secured debt to 50% from 55%.
This revision reflects higher senior secured claims under a
simulated default scenario because the existing senior secured term
loan ranks pari passu with the proposed incremental term loan
issuance. Since the recovery estimate is at the lower end of the
'3' recovery rating, any additional secured debt (upsized
asset-based loan [ABL] or term loan) could cause us to revise the
recovery ratings to '4'.

S&P expects the company to use the proceeds to fund its proposed
C$300 million substantial issuer bid and for general corporate
purposes. The additional debt issuance increases leverage by about
0.5x to about 2.5x on an adjusted debt-to-EBITDA basis for fiscal
2020 compared with the rating agency's previous expectation of
about 2.0x (which is below its downside threshold of 4.0x). As a
result, S&P's issuer credit rating on BRP is unchanged because it
is unaffected by the proposed debt issuance. S&P estimates the
company's adjusted EBITDA to improve in the high single-digit area
over the next 12-24 months, reflecting BRP's strong performance
from the company's year-round products, cost savings from low cost
of manufacturing, and platform savings from the company's
modularity approach. In addition, S&P expects the company to roll
out new products over the next 12-24 months, leading to further
topline and EBITDA growth. In its view, BRP's deleveraging will be
spurred by EBITDA growth rather than debt reduction, thereby
leading to an adjusted debt to EBITDA ratio of about 2.0x-2.5x over
the next 12-24 months, commensurate with the current ratings. In
its view, the company's credit quality will be dependent on BRP's
ability to create balance-sheet capacity to manage shareholder
expectations and accommodate any cash flow volatility due to
macro-economic weakness.

Issue Ratings--Recovery Analysis

Key analytical factors

-- S&P's simulated default scenario incorporates the assumption
that BRP will default in 2024, following weak macroeconomic
conditions such as lower consumer demand for discretionary
products, increased competition, unfavorable weather conditions,
and margin pressure from rising commodity costs leading to poor
operating performance.

-- S&P assumes that BRP would be reorganized or be sold as a going
concern because the company would likely retain greater value as an
ongoing entity rather than being liquidated in the event of
default.

-- S&P believes that if the company were to default, it would
remain a viable business model because of its good brand
recognition, good market position in the motorized recreational
leisure products market, and its relationships with dealers.

-- S&P values BRP on a going-concern basis using a 6x EBITDA
multiple of C$233 million of emergence EBITDA estimate and 5%
administrative expenses.

-- The EBITDA multiple is 0.5x lower than the industry multiple of
6.5x, reflecting the company's products, which are discretionary in
nature and are volatile to economic cycles.

-- S&P applies an operational adjustment of negative 15%,
reflecting the company's stable EBITDA generation from its improved
product diversity and lower leverage, and the fact that it would
require more EBITDA deterioration than its peers in a similar
rating category.

-- Due to this, the senior secured ABL has a '1' recovery rating,
indicating S&P's expectation for very high (90%-100%; rounded
estimate 95%) recovery in the event of a default, leading to an
issue-level rating of 'BBB-'.

-- The '3' recovery rating on the company's senior secured term
loan B indicates S&P's expectation for meaningful (50%-70%; rounded
estimate 50%) recovery in the event of default, leading to an
issue-level rating of 'BB'.

Simulated default assumptions

-- Simulated year of default: 2024
-- EBITDA at emergence C$233 million
-- EBITDA multiple: 6.0x

Simplified waterfall

-- Gross recovery value: C$1.4 billion
-- Net recovery value for waterfall after administrative expenses
(5%): C$1.32 billion
-- Obligor/non-obligor valuation split: 100%/0%
-- Estimated priority claims: C$30 million
-- Remaining recovery value: C$1.3 billion
-- Estimated senior secured ABL claim: C$432 million
    --Recovery range: 90%-100% (rounded estimate: 95%)
-- Value available for senior secured term loan B claim: C$868
million
-- Estimated senior secured term loan B claim: C$1.61 billion
   --Recovery range: 50%-70% (rounded estimate: 50%)

  Ratings List

  Bombardier Recreational Products Inc.
  Issuer Credit Rating BB/Stable/--

  New Rating  

  Bombardier Recreational Products Inc.
  Senior Secured  
  US$335 mil Term B-2 bank ln due 05/23/2025 BB
  Recovery Rating                             3(50%)


BOONE HOSPITAL: Moody's Cuts $73MM Bonds to Ba1, Outlook Negative
-----------------------------------------------------------------
Moody's Investors Service has downgraded Boone Hospital Center's,
MO outstanding bonds to Ba1 from Baa2. The outlook remains
negative. This action affects approximately $73 million of debt
outstanding.

RATINGS RATIONALE

The downgrade to Ba1 from Baa2 reflects Moody's expectations that
financial results will remain weak following a material miss to
budget in fiscal 2018. The downgrade also reflects heightened
uncertainty over BHC's future organizational structure and
strategy.

The Ba1 incorporates challenges BHC will face in reversing declines
in revenue and volume as well as underspending on capital in light
of material competition from the University of Missouri Health
System. The hospital's long-term strategy and financial position
will be uncertain following the Board of Trustees of Boone County
Hospital's decision to terminate a long-standing management
agreement with BJC Health System (Aa2 stable) as the hospital's
operator by fiscal year-end 2020. The Trustees will continue to
evaluate strategic options, which include engaging another
management operator or operating the hospital independently. While
Moody's analysis does not incorporate the financial implications of
either option at this time, the uncertainty surrounding this
transition has contributed to a decline in operations. Favorable
offsets include Moody's view that BHC will continue to offer a wide
range of tertiary services, and will maintain adequate liquidity
and a conservative debt structure, which will help to mitigate
operating risks.

RATING OUTLOOK

The negative outlook reflects Moody's expectations that operations
will continue to be weak, which will potentially reduce already
limited headroom to a rate covenant (measured at the Trustee but
based on transfers from the hospital operations). The outlook also
reflects lack of clarity over the future structure and strategy of
the organization.

FACTORS THAT COULD LEAD TO AN UPGRADE

- Materially improved and durable operating cash flow margins
- Significantly improved liquidity position
- Clarification and favorable resolution of future management
   and lease agreement

FACTORS THAT COULD LEAD TO A DOWNGRADE

- Inability to improve performance
- Continued decline in patient volumes or material market
   share loss
- Reduced lease payments to the Board
- Change in management or lease arrangements that would
   disrupt or not enable BHC to improve financial performance
   and/or impairs debt service coverage
- Increase in debt or equivalents without commensurate increase
   in cash flow and cash

LEGAL SECURITY

The bonds are an obligation of the Board of Trustees of Boone
County Hospital. The bonds are solely payable from and secured by
the net income and revenues collected by the Board from the
operations of the hospital, essentially the lease payment received
by the Board from BJC, the operator and lessee of BHC. BJC is not
obligated on the bonds, nor is Boone County.

PROFILE

Boone Hospital Center is 392-licensed bed regional medical center
whose real estate is owned by the County. The buildings are owned
by the Board of Trustees and all other major movable equipment
assets are owned by CH Allied Services. Hospital operations are the
responsibility of the Board of Trustees for the benefit of the
residents of the County and surrounding areas. Day to day
operations of the hospital (but not all of the Hospital Facilities)
are via a lease agreement to CH Allied Services, Inc., a private
nonprofit corporation. The Lessee is a member of BJC Health System,
a private, nonprofit healthcare system headquartered in St. Louis.
The current lease will terminate December 31, 2020.


BRIGHT MOUNTAIN: Signs Merger Agreement with Inform
---------------------------------------------------
Bright Mountain Media, Inc. and its to-be-formed wholly-owned
subsidiary BMTM2, a Florida corporation (the "Merger Sub"), entered
into an Agreement and Plan of Merger with Inform, Inc., a Delaware
corporation on June 10, 2019.  The Merger Agreement provides that,
upon the terms and subject to the conditions set forth therein,
Inform will merge with and into the Merger Sub with the Merger Sub
as the surviving entity.  Upon consummation of the Merger, the
Merger Sub will continue as a wholly-owned subsidiary of Bright
Mountain Media and the Merger Sub will continue the operations of
Inform pre-closing.

Based in Atlanta, Georgia, Inform provides data-driven technology
solutions for the syndication and monetization of contextually
relevant, personalized premium video content.  Inform seeks to
solve the industry's supply challenge for premium video by creating
new video streams and impression opportunities across the most
desirable online publishing destinations in the United States.
Inform has aggregated a digital audience which provides ad buyers
with near certainty in reaching target demographics.

Upon the terms and subject to the conditions set forth in the
Merger Agreement, at the effective time of the Merger Bright
Mountain will issue up to an aggregate of 25,000,000 shares of its
common stock and warrants to purchase up to 5,000,000 shares of
Bright Mountain common stock as follows:

   * each share of Inform's outstanding Series A1 Preferred Stock
     and common stock, other than shares to which holders shall
     have exercised dissenter's rights in accordance with
     Delaware law, shall be cancelled and extinguished and
     converted into the right to receive shares of Bright
     Mountain's common stock based upon a paid-in capital basis,
     and subject to a $2.27 conversion price of the Company's
     common stock.  For every $2.27 of paid in capital by an
     Inform stockholder, the Inform stockholder will receive one
     share of Bright Mountain common stock;

   * all Inform warrants outstanding at the Effective Time will
     terminate and be cancelled unless exercised prior to the
     Effective Time;

   * the principal amount of outstanding convertible notes of
     Inform will be converted into shares of Bright Mountain's
     common stock at a conversion price of $2.27 per share; and

   * outstanding promissory notes due by Inform will convert as
     follows:

      - bridge notes in the current principal amount of $776,000
        will convert into shares of Bright Mountain's common
        stock at a conversion price of $0.50 per share, with one
        common stock warrant exercisable at $0.75 per share and
        one common stock warrant exercisable at $1.00 per share
        issued for each conversion share.  The premium of the
        bridge notes will be converted into shares of Bright
        Mountain's common stock at a conversion price of $2.27
        per share, and all accrued but unpaid interest will be
        forgiven by the noteholders;

      - a $1,400,000 principal amount note due by Inform to a
        third party will be converted;

      - an additional $300,000 note due by Inform to a third
        party will be converted;

      - an additional note in the principal amount of $366,844
        will be converted into shares of Bright Mountain's common
        stock at a conversion price of $2.27 per share and all
        accrued but unpaid interest will be forgiven by the
        noteholder;

      - the open line of credit of approximately $660,000 due Mr.
        Greg Peters, Inform's chief executive officer, will be
        converted into shares of Bright Mountain's common stock
        at a conversion price of $0.50 per share, with one common
        stock warrant exercisable at $0.75 per share and one
        common stock warrant exercisable at $1.00 per share
        issued for each conversion share; and

      - the SAFE Investment, which represents $469,413 in capital
        prepaid by investors to Inform in 2018 for shares of
        Preferred A2 stock that was never issued, will be     
        converted into shares of Bright Mountain common stock at
        a conversion price of $2.27 per share.

The Total Consideration Shares will be subject to lock up
restrictions on resale as determined by Bright Mountain.

The Merger Agreement contains customary representations and
warranties from each party to the agreement, and each party has
agreed to customary covenants, including, among others, covenants
relating to (1) the conduct of Inform's business during the interim
period between the execution of the Merger Agreement and the
closing of the Merger, (2) mutual continued access to information
regarding the other entity's operations, and (3) Bright Mountain's
and Inform's obligations to use their reasonable best efforts to
take all steps necessary to consummate the Merger.

In addition to customary conditions to closing, the completion of
the Merger is subject to:

  * Bright Mountain will have entered into mutually satisfactory
    employment arrangements and non-compete agreements with
    certain executive officers and employees of Inform;

  * Bright Mountain shall have receive any necessary approvals of
    self-regulatory organizations;

  * Bright Mountain shall have concluded a private financing of
    at least $3,000,000 through sales of units of its securities
    at $0.50 per unit, with each unit consisting of one share of
    common stock, one common stock warrant exercisable at $0.75
    per share and one common stock warrant exercisable at $1.00
    per share, to current Inform stockholders and other third
    parties, with 90% of the proceeds loaned to Inform under
    bridge notes;

  * Bright Mountain shall have concluded a second private
    financing of approximately $4,000,000 with a broker-dealer
    upon the same terms and conditions, with all proceeds
    retained by Bright Mountain;

  * Inform shall have no short term or long term debt other than
    accounts receivables or other current liabilities not to
    exceed $8,500,000;

  * each of the agreements to be identified on Schedule 7.2(m)
    of the Merger Agreement are terminated;

  * the Board of Directors and stockholders of Inform shall have
    approved the Merger;

  * the holders of promissory notes and convertible notes due by
    Inform shall have converted those notes; and

  * dissenter's rights shall not have been exercised by more than
    2% of Inform's stockholders.

In the event Inform fails to deliver audited financial statements
for the years ended Dec. 31, 2018 and 2017 and unaudited financials
statements for the three months ended March 31, 2019 and 2018 at or
prior to closing, 10% of the Total Consideration Shares will be
deposited into escrow pending delivery of such financial
statements.

The Merger Agreement may be terminated:

  * by either party upon notice if a court of competent
    jurisdiction or other government authority issues a final
    judgment or takes any action having the effect of permanently
    restraining or prohibiting the Merger;

  * by either party upon notice if the Merger has not been
    consummated by Aug. 30, 2019, subject to extension to
    Sept. 30, 2019;

  * by either party upon a breach by the other party of any
    representation, warranty or covenant in the Merger Agreement,
    subject to certain cure periods; or

  * by Bright Mountain upon the occurrence of any event which
    would have a Material Adverse Effect (as that term is defined  

    in the Merger Agreement) on Inform.

The Merger Agreement contains mutual indemnification provisions,
and requires either Inform (pre-closing) or Bright Mountain
(post-closing) to purchase $2,000,000 in director and officer
"tail" coverage for Inform's existing directors and officers for a
period of six years from the closing date.

A full-text copy of the Agreement and Plan of Merger is available
for free at: https://is.gd/8SoxNU

                      About Bright Mountain

Based in Boca Raton, Fla., Bright Mountain Media, Inc. --
http://www.brightmountainmedia.com/-- is a digital media holding
company whose primary focus is connecting brands with consumers as
a full advertising services platform.  Bright Mountain Media's
assets include an ad network, an ad exchange platform and 25
websites (owned and/or managed) that provide content, services and
products.  The websites are primarily geared for a young, male
audience with several that focus on active, reserve and retired
military audiences as well as law enforcement and first
responders.

Bright Mountain reported a net loss attributable to common
shareholders of $5.33 million for the year ended Dec. 31, 2018,
compared to a net loss attributable to common shareholders of $3.01
million for the year ended Dec. 31, 2017.  As of March 31, 2019,
Bright Mountain had $5.39 million in total assets, $1.88 million in
total liabilities, and $3.51 million in total shareholders'
equity.

EisnerAmper LLP, in Iselin, New Jersey, the Company's auditor since
2018, issued a "going concern" qualification in its report dated
April 12, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, stating that the Company has
experienced recurring net losses, cash outflows from operating
activities, and has an accumulated deficit that raise substantial
doubt about its ability to continue as a going concern.


BRISTOW GROUP: Polsinelli, Levene Represent Equity Holders
----------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firms of Polsinelli PC and Levene Neale Bender Yoo & Brill
L.L.P. provided notice that they are representing these equity
holders in the Chapter 11 cases of Bristow Group, Inc., et al.:

  (1) Global Value Investment Corp.
      1500 W. Market St.
      Suite 1500
      Mequon, WI 53092

      245,940 shares with the following acquired in past year:
       * Q12018: Net buying of 1,565 shares; total trading of 1,995
shares
       * Q22018: Net selling of 320 shares; total trading of 460
shares
       * Q32018: Net buying of 2,410 shares; total trading of 2,410
shares
       * Q42018: Net buying of 12,045 shares; total trading of
14,095 shares
       * Q12019: Net selling of 430 shares; total trading of 430
shares

   (2) Inlet Securities, LLC
       233 North Causeway Suite B
       New Smyrna Beach, FL 32169

       695,750 shares with the following acquired in past year:
       * Q12018: Net buying/selling of 0 shares; total trading of 0
shares
       * Q22018: Net buying/selling of 0 shares; total trading of 0
shares
       * Q32018: Net buying/selling of 0 shares; total trading of 0
shares
       * Q42018: Net buying/selling of 260,720 shares; total
trading of 260,720 shares
       * Q12019: Net buying/selling of 463,860 shares; total
trading of 463,860 shares

   (3) Perry McKechnie
       309-1095 Timberline Drive
       Fort McMurray AB, CAN T9K 1Y7

       100,500 shares with the following acquired in past year:
       * Q12018: Net buying/selling of 0 shares; total trading of 0
shares
       * Q22018: Net buying/selling of 0 shares; total trading of 0
shares
       * Q32018: Net buying/selling of 0 shares; total trading of 0
shares
       * Q42018: Net buying of 4,500 shares; total trading of 4,500
shares
       * Q12019: Net buying of 96,000 shares; total trading of
586,900 shares

   (4) Marko Maratovic
       8120 155 Ave
       Edmonton AB, CAN T5Z 2S9
       
       57,550 shares with the following acquired in past year:
       * Q12018: Net buying/selling of 0 shares; total trading of 0
shares
       * Q22018: Net buying/selling of 0 shares; total trading of 0
shares
       * Q32018: Net buying/selling of 0 shares; total trading of 0
shares
       * Q42018: Net buying/selling of 0 shares; total trading of 0
shares
       * Q12019: Net buying/selling of 57,550 shares; total trading
of 206,454 shares

The Firms can be reached at:

         POLSINELLI PC
         Trey A. Monsour, Esq.
         1000 Louisiana Street Fifty-Third Floor
         Houston, TX 77002
         E-mail: tmonsour@polsinelli.com

            -- and --

         LEVENE NEALE BENDER YOO & BRILL L.L.P.
         David B. Golubchik, Esq.
         Eve H. Karasik, Esq.
         10250 Constellation Boulevard, Suite 1700
         Los Angeles, CA 90067
         E-mail: dbg@lnbyb.com
                 ehk@lnbyb.com

A copy of the Rule 2019 filing is available at PacerMonitor.com at
https://is.gd/mG1BYZ

                      About Bristow Group

Bristow Group Inc. -- http://www.bristowgroup.com/-- provides
industrial aviation and charter services to offshore energy
companies in Europe, Africa, the Americas, and the Asian Pacific.
It also provides search and rescue services for governmental
agencies and the oil and gas industry.  Headquartered in Houston,
Bristow Group employs approximately 3,000 individuals around the
world.

Bristow Group and its affiliates sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 19-32713) on
May 11, 2019.  As of Sept. 30, 2018, the Debtors had $2.861 billion
in assets and $1.886 billion in liabilities.

The cases are assigned to Judge David R. Jones.

The Debtors tapped Baker Botts LLP as bankruptcy counsel; Wachtell,
Lipton, Rosen & Katz as co-counsel with Baker Botts; Alvarez &
Marsal and Houlihan Lokey Capital, Inc., as financial advisors; and
Prime Clerk LLC as claims, noticing and solicitation agent.


CALVARY COMMUNITY: Court Confirms Chapter 11 Plan of Liquidation
----------------------------------------------------------------
The Bankruptcy Court issued a final order approving the Disclosure
Statement and confirming the Chapter 11 plan of liquidation filed
by Kavita Gupta, solely in her capacity as the Chapter 11 Trustee
for the estate of Calvary Community Assembly of God, Inc., is
approved.

Pursuant to Section 4.2 of the Plan, as of the Effective Date, Mr.
Gupta will be employed by the Estate as the Disbursing Agent for
the purpose of distributing the Estate's cash on hand to Classes
1-4 in accordance with the Plan and the other duties set forth in
the Plan.

Notwithstanding Plan Sections 1.1.1(c), 1.1.30(a) and 1.1.35(1),
the Office of the U.S. Trustee is not required to file a Proof of
Claim relating to all fees and charges payable pursuant to 28
U.S.C. Section 1930, and the Office of the U.S. Trustee shall be
entitled to the payment of all fees assessed while the Chapter 11
Case remains open.

                    About Calvary Community
                        Assembly of God

Calvary Community Assembly of God -- http://www.ccalv.org/-- is a
Pentecostal church in Las Vegas, Nevada.  It is located on an
11-acre campus at 2900 N. Torrey Pines Drive, just a few blocks off
the I-95 freeway.  In September 2004, Pastor Bruce and Donita
Morris began their time serving Calvary.

Calvary Community Assembly of God filed a Chapter 11 petition
(Bankr. D. Nev. Case No. 17-13475) on June 28, 2017.  In the
petition signed by Bruce A. Morris, pastor, the Debtor disclosed
$11.04 million in assets and $3.53 million in liabilities.

Angela J. Lizada, Esq., at Lizada Law Firm Ltd., served as the
Debtor's bankruptcy counsel.

Kavita Gupta was appointed Chapter 11 trustee for the Debtor.


CAMBRIAN HOLDING: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Lead Debtor: Cambrian Holding Company, Inc.
             15888 Ferrells Creek Road
             Belcher, KY 41513

Business Description: Cambrian Holding Company and its
                      subsidiaries produce and process
                      metallurgical coal and thermal coal for use
                      by utility providers and industrial
                      companies located primarily in the eastern
                      United States and Canada.  The Debtors began
                      operations in 1991 and, over time, acquired
                      various mines and mining-related assets from
                      major coal corporations.

Chapter 11 Petition Date: June 16, 2019

Nineteen affiliates that simultaneously filed voluntary petitions
seeking relief under Chapter 11 of the Bankruptcy Code:

     Debtor                                          Case No.
     ------                                          --------
     Cambrian Holding Company, Inc. (Lead Debtor)    19-51200
     Shelby Resources, LLC                           19-51199
     PLM Holding Company LLC                         19-51202
     Premier Elkhorn Coal LLC                        19-51203
     Raven Rock Development LLC                      19-51204
     Ray Coal LLC                                    19-51205
     Rich Mountain Coal LLC                          19-51206
     S. T. & T. Leasing, Inc.                        19-51207
     T.C. Leasing, Inc.                              19-51208
     Whitaker Coal LLC                               19-51209
     Apex Energy, Inc.                               19-51210
     Bear Branch Coal LLC                            19-51211
     C. W. Augering, Inc.                            19-51212
     Cambrian Coal LLC                               19-51213
     Clintwood Elkhorn Mining LLC                    19-51214
     Gatliff Coal LLC                                19-51215
     Marshall Resources, Inc.                        19-51216
     Perry County Coal LLC                           19-51217
     Pike-Letcher Land LLC                           19-51218

Court: United States Bankruptcy Court
       Eastern District of Kentucky (Lexington)


Debtors' Counsel: Patricia K. Burgess, Esq.
                  FROST BROWN TODD LLC
                  250 West Main Street, Suite 2800
                  Lexington, Kentucky 40507
                  Tel: (859) 231-0000
                  Fax: (859) 231-0011
                  E-mail: pburgess@fbtlaw.com

                     - and -
   
                  Ronald E. Gold, Esq.
                  Douglas L. Lutz, Esq.
                  A.J. Webb, Esq.
                  Bennett M. Parker, Esq.
                  FROST BROWN TODD LLC
                  3300 Great American Tower
                  301 East Fourth Street
                  Cincinnati, Ohio 45202
                  Tel: (513) 651-6800
                  Fax: (513) 651-6981
                  E-mail: rgold@fbtlaw.com
                          dlutz@fbtlaw.com
                          awebb@fbtlaw.com
                          bmparker@fbtlaw.com


Debtors'
Local
Counsel:           FROST BROWN TODD LLC

Debtors'
Litigation
Counsel:           WHITEFORD, TAYLOR & PRESTON LLP

Debtors'
Investment
Banker:            JEFFERIES LLC

Debtors'
Financial
Advisor:           FTI CONSULTING, INC.

Debtors'
Notice,
Claims &
Solicitation
Agent:             EPIQ CORPORATE RESTRUCTURING, LLC
                   https://dm.epiq11.com/case/CDC/info

Estimated Assets: $0 to $50,000

Estimated Liabilities: $0 to $50,000

The petitions were signed by Mark J. Campbell, president.

A full-text copy of Cambrian Holding's petition is available for
free at:

            http://bankrupt.com/misc/kyeb19-51200.pdf

List of Cambrian Holding's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
1. Parsleys General Tire, Inc.        Trade Debt       $2,736,194
2006 N Main Street
London KY 40741
Contact: John Parsley, President
Tel: 606-864-2276
Fax: 606-864-2334
Email: parsleytire@yahoo.com

2. Whayne Supply Company              Trade Debt        $2,417,787
Department 8326
Carol Stream IL 60122-8326
Email: info@whayne.com

3. Industrial Supply Company          Trade Debt        $1,754,455
of Knoxville
PO Box 1906
Knoxville, TN 37901
Contact: Jerry Hutson, President
Tel: 800-627-9434

4. Kentucky River Properties LLC       Royalties        $1,628,176
P.O. Box 633650
Cincinnati OH 45263-3650
Contact: Stephen G. Barker, CEO
Tel: 606-439-4518
Fax: 606-436-5375
     859-255-9362

5. American Electric Power            Trade Debt        $1,153,552
3249 North Mayo Trail
Pikeville KY 41501
Contact: Nicholas K. Akins, CEO
Tel: 606-437-3824

6. Austin Powder Company              Trade Debt        $1,052,167
25800 Science Park
Cleveland OH 44122
Contact: Austin D. Rathbun
Tel: 216-464-2400

7. Clas Coal Co Inc.                  Trade Debt        $1,028,081
P.O. Box 420
Coeburn KY 24230
Tel: 606-835-0087

8. Buchanan Energy Company LLC         Royalties          $926,466
c/o Alpha Natural Resources
PO Box 830
Belfry KY 41514
Contact: Andy Eidson,
Interim Co-CEO, CFO
Tel: 423-573-0300

9. Key-Way LLC                         Trade Debt         $920,956
201 South Main Street
Suite 202
Winchester KY 40391
Tel: 859-744-4330

10. A C IN/WPP Inc.                    Trade Debt         $902,873
c/o NRP (Operating) LLC
L-2495
Columbus OH 43260
Contact: Corbin J. Robertson, Jr.
Tel: 713-751-7507

11. CS & S Coal Corporation            Trade Debt         $805,086
P.O. Box 1247
Wise VA 24293
Contact: Tommy Skeens, President
Tel: 276-679-0600

12. Community Trust Bank Inc.           Trade Debt        $793,953
Loan Administration
PO Box 2947
Pikeville KY 41502-2947
Contact: Jean R Hale, President
and CEO
Tel: 606-432-1414

13. Kentucky Berwind Land Co.           Royalties         $766,852
300 Summers St. Suite 1050
Charleston WV 25301
Contact: Chrlie Lewis,
SVP Corporate Development
Tel: 215-563-2800
Fax: 215-575-2314
Email: information@berwind.com

14. Falcon Coal Corporation             Trade Debt        $683,335
P.O. Box 1247
Wise VA 24293
Contact: Tommy Skeens, President
Tel: 276-679-0600

15. R.D. Adkins Trucking, LLC           Trade Debt        $675,935
218 Willow Tree Hollow
Elkhorn City KY 41522

16. Appalachian Security Inc.           Trade Debt        $610,821
180 Town MTN Road Suite 110
Pikeville KY 41501
Contact: Nicholas K. Akins, CEO
Tel: 606-437-9933

17. Bizzack Construction LLC            Trade Debt        $564,234
3009 Atkinson Ave Suite 20
Lexington KY 40509
Contact: Lester R. Wimpy, President
Tel: 859-299-8001

18. Hilltop Energy Corporation          Royalties         $531,622
Moore Hamilton And Rise DISP 4
2112 North Roan Street Ste 610
Johnson City TN 37601
Contact: Dave Ondrejko
Tel: 330-424-1401
Fax: 330-424-4031

19. Valley Mine Service Inc.            Trade Debt        $493,720
110 Powell Valley School Lane
Speedwell TN 37870
Contact: Danny Gibson, Owner
Tel: 423-869-3155
Fax: 423-869-5018

20. Belt Tech Inc.                       Trade Debt       $493,355
c/o Stone Saunders & Associates
1391 W. 5th Ave., Suite 226
Columbus OH 43212
Contact: Justin Hammm, President
Tel: 276-322-2581
Email: justin@belttechinc.com


CELLECTAR BIOSCIENCES: All 4 Proposals Approved at Annual Meeting
-----------------------------------------------------------------
Cellectar Biosciences, Inc. convened its Annual Meeting of
Stockholders on June 13, 2019, at which the stockholders:

   (1) elected James V. Caruso and Frederick W. Driscoll
       as Class II directors to serve three-year terms;

   (2) approved an increase in the number of shares of common
       stock available for issuance under the Amended and
       Restated 2015 Stock Incentive Plan by 700,000 shares;

   (3) approved on a non-binding advisory basis the compensation
       of the Company's named executive officers; and

   (4) ratified the appointment by the Audit Committee of the
       Company's Board of Directors of Baker Tilly Virchow
       Krause, LLP to be the Company's independent registered
       public accounting firm for fiscal 2019.

                   About Cellectar Biosciences

Cellectar Biosciences -- http://www.cellectar.com/-- is focused on
the discovery, development and commercialization of drugs for the
treatment of cancer.  The Company plans to develop proprietary
drugs independently and through research and development
collaborations.  The core drug development strategy is to leverage
its PDC platform to develop therapeutics that specifically target
treatment to cancer cells.  Through R&D collaborations, the
Company's strategy is to generate near-term capital, supplement
internal resources, gain access to novel molecules or payloads,
accelerate product candidate development and broaden its
proprietary and partnered product pipelines.

Cellectar reported a net loss attributable to common stockholders
of $15.48 million in 2018, following a net loss attributable to
common stockholders of $15.01 million in 2017.  As of March 31,
2019, Cellectar had $12.54 million in total assets, $2.70 million
in total liabilities, and $9.84 million in total stockholders'
equity.

Baker Tilly Virchow Krause, LLP, in Madison, Wisconsin, the
Company's auditor since 2016, issued a "going concern" opinion in
its report on the consolidated financial statements for the year
ended Dec. 31, 2018, noting that the Company has suffered recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


CHARLOTTE RUSSE: K&S, Chipman Brown Represent Term Lenders
----------------------------------------------------------
In the Chapter 11 proceedings of Charlotte Russe Holding, Inc., et
al., Chipman Brown Cicero & Cole, LLP and King & Spalding LLP filed
a verified statement pursuant to Rule 2019 of the Federal Rules of
Bankruptcy Procedure to disclose that they represent the Ad Hoc
Group of Prepetition Term Loan Lenders

In November of 2018, certain beneficial holders, or investment
advisors, sub-advisers or managers of  the account of beneficial
holders of Term Loans, pursuant to a Credit Agreement, dated as of
May 22, 2013, among Charlotte Russe, Inc., a California
corporation, Charlotte Russe Holding, Inc., the Subsidiary
Guarantors party thereto, the lenders party thereto (the
"Prepetition Term Loan Lenders"), and Jefferies Finance LLC, as
administrative agent and collateral agent (in such capacities, the
"Prepetition Term Loan Agent" and together with the Prepetition
Term Loan Lenders, the "Ad Hoc Group of Prepetition Term Loan
Lenders"), contacted King & Spalding LLP ("K&S") to represent them
in connection with the potential restructuring of the Debtors.

The Ad Hoc Group of Prepetition Term Loan Lenders subsequently
retained Chipman Brown Cicero & Cole, LLP as local counsel when
informed by the Debtors that they would pursue a reorganization in
the United States Bankruptcy Court for the District of Delaware.

The individual members of the Ad Hoc Group of Prepetition Term Loan
Lenders hold claims and interests, or advise, sub-advise or manage
accounts that hold claims and interests against the Debtors arising
from the Term Loans and common stock in Charlotte Russe Holding,
Inc.  As of March 6, 2019, the disclosable economic interests held
by each member of the Ad Hoc Group of Prepetition Term Loan Lenders
are:

   1. KKR Asset Management LLC
      9 West 57th Street, Suite 4200
      New York, NY 10019
      Attn: Jeremiah Lane
      * $22,647,892.68 principal amount of Term Loans.
      * 54,366 shares of common stock

   2. Marathon Asset Management LP
      One Bryant Park, 38th Floor
      New York, NY 10036
      Attn: Neha Thumar
      * $8,354,820 principal amount of Term Loans
      * 20,056 shares of common stock

   3. Mainstreet Capital Corporation
      1300 Post Oak Blvd., 8th Floor
      Houston, TX 77056
      Attn: Nick Meserve
      * $14,169,607 principal amount of Term Loans
      * 34,014 shares of common stock

   4. Octagon Credit Investors, LLC
      250 Park Avenue, 15th Floor
      New York, NY 10177
      Attn: Jeremey Stern
      * $14,021,417 principal amount of Term Loans
      * 33,660 shares of common stock

   5. Southpaw Credit Opportunity Master Fund LP
      2 Greenwich Office Park, 1st floor
      West Greenwich, CT 06831
      Attn: Jeremy Skrezyna
      * $3,186,411 principal amount of Term Loans
      * 7,649 shares of common stock

   6. MJX Asset Management, LLC
      12 E 49th Street, 38th Floor
      New York, NY 10017
      Attn: Fred Taylor
      * $4,659,863 principal amount of Term Loans
      * 11,186 shares of common stock

    7. Apex Credit Partners LLC
       520 Madison Avenue 10th Floor
       New York, NY 10022
       Attn: Sarthak Shah
       * $4,953,776 principal amount of Term Loans
       * 11,922 shares of common stock

Attorneys for Jefferies Finance LLC in its capacity as Term Loan
Agent and an Ad Hoc Group of Prepetition Term Loan Lenders:

         William E. Chipman, Jr., Esq.
         Mark D. Olivere, Esq.
         CHIPMAN BROWN CICERO & COLE, LLP
         Hercules Plaza
         1313 North Market Street, Suite 5400
         Wilmington, DE 19801
         Telephone: (302) 295-0193
         Facsimile: (302) 295-0199
         E-mail: chipman@chipmanbrown.com
                 olivere@chipmanbrown.com

                 - and -

         Michael Rupe, Esq.
         Christopher G. Boies, Esq.
         Michael R. Handler, Esq.
         KING & SPALDING LLP
         1185 Avenue of the Americas, 35th Floor
         New York, NY 10036
         Telephone: (212) 556-2100
         E-mail: mrupe@kslaw.com
                 ajowers@kslaw.com
                 cboies@kslaw.com
                 mhandler@kslaw.com

                 — and —

         W. Austin Jowers
         KING & SPALDING LLP
         1180 Peachtree Street
         Atlanta, GA 30309
         Telephone: (404) 572-4600
         E-mail: ajowers@kslaw.com

                   About Charlotte Russe Holding

Charlotte Russe Holding, Inc., is a specialty fashion retailer of
young women's apparel and accessories comprised of seven entities.
The company and its affiliates are headquartered in San Diego,
California and have one distribution center located in Ontario,
California.  In addition, the companies lease office space in Los
Angeles, California and San Francisco, California, where they
primarily conduct merchandising, marketing, e-commerce and
technology functions.

The companies sell their merchandise to customers in the contiguous
48 states, Hawaii, and Puerto Rico through their online store and
512 Charlotte Russe brick-and-mortar stores located in various
regional malls, outlet centers, and lifestyle centers.  The bulk of
the companies' apparel and accessory products are sold under the
Charlotte Russe brand with ancillary brands for denim and perfume
(Refuge), young women's plus-size apparel (Charlotte Russe Plus),
and cosmetics (Charlotte by Charlotte Russe).

Charlotte Russe Holding and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
19-10210) on Feb. 3, 2019.

At the time of the filing, Charlotte Russe Holding estimated assets
of $100 million to $500 million and liabilities of $100 million to
$500 million.

The cases are assigned to Judge Laurie Selber Silverstein.

The Debtors tapped Bayard, P.A. and Cooley LLP as their bankruptcy
counsel; Guggenheim Securities, LLC as their investment banker; A&G
Realty Partners, LLC as lease disposition consultant and business
broker; Gordon Brothers Retail Partners LLC, Hilco Merchant
Resources LLC and Malfitano Advisors, LLC as liquidation
consultant; and Donlin, Recano & Company, Inc., as claims and
noticing agent.


CHURNEYS' REAL ESTATE: Case Summary & Unsecured Creditor
--------------------------------------------------------
Debtor: Churneys' Real Estate, Ltd.
        21425 Aurora Road
        Bedford, OH 44146

Business Description: Churneys' Real Estate, Ltd. is a real estate
                      lessor that owns four properties in
                      Warrensville Heights, Ohio having a total
                      current value of $1.5 million.  The Company
                      previously sought bankruptcy protection
                      on Dec. 7, 2018 (Bankr. N.D. Ohio. Case No.
                      18-17270).

Chapter 11 Petition Date: June 15, 2019

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

Case No.: 19-13740

Judge: Hon. Jessica E. Price Smith

Debtor's Counsel: Thomas W. Coffey, Esq.
                  COFFEY LAW LLC
                  2430 Tremont Avenue Front
                  Cleveland, OH 44113
                  Tel: (216) 870-8866
                  E-mail: tcoffey@tcoffeylaw.com

Total Assets: $1,461,550

Total Liabilities: $1,940,000

The petition was signed by Michael Churney, member.

The Debtor lists First National Bank of Pennsylvania as its sole
unsecured creditor holding a claim of $51,300.

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

           http://bankrupt.com/misc/ohnb19-13740.pdf


CLOUD PEAK: Stevens & Lee Represents Second Lien Holders
--------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firm of Stevens & Lee, P.C., provided notice that it is
representing these creditors in the Chapter 11 cases of Cloud Peak
Energy Inc. et al.:

     (1) Concise Short Term High Yield Master Fund, SPC
     (2) Mercer QIF Fund PLC – Mercer Investment Fund 1
     (3) The Saratoga Advantage Trust
     (4) Concise Short Term High Yield Fund
     (5) The BeeBee Foundation

Concise Short Term High Yield Master Fund, SPC is the owner of
$1,652,000 in principal amount of the 12.00% Second Lien Senior
Secured Notes due 2021 issued by Cloud Peak Energy Resources LLC
and certain of its affiliates for which Wilmington Trust, N.A.
presently serves as the indenture trustee.

Mercer QIF Fund PLC – Mercer Investment Fund 1 is the owner of
$3,154,000 in principal amount of the 12.00% Second Lien Senior
Secured Notes due 2021 issued by Debtors, for which Wilmington
Trust, N.A. presently serves as the indenture trustee.

The Saratoga Advantage Trust – James Alpha Hedged High Income
Portfolio is the owner of $318,000 in principal amount of the
12.00% Second Lien Senior Secured Notes due 2021 issued by Debtors,
for which Wilmington Trust, N.A. presently serves as the indenture
trustee.

Concise Short Term High Yield Fund is the owner of $1,538,000 in
principal amount of the 12.00% Second Lien Senior Secured Notes due
2021 issued by Debtors, for which Wilmington Trust, N.A. presently
serves as the indenture trustee.

The BeeBee Foundation is the owner of $238,000 in principal amount
of the 12.00% Second Lien Senior Secured Notes due 2021 issued by
Debtors, for which Wilmington Trust, N.A. presently serves as the
indenture trustee.

None of these entities has any other "disclosable economic
interests".

On or about May 11, 2019, all 12.00% Second Lien Senior Secured
Notes due 2021 were acquired during the second quarter, third
quarter and fourth quarter of 2018.

The Firms can be reached at:

        STEVENS & LEE, P.C.
        Joseph H. Huston, Jr., Esq.
        919 North Market Street, Suite 1300
        Wilmington, DE 19801
        T: 302.425.3310
        F: 610.371.7972
        E-mail: jhh@stevenslee.com

           - and -

        Nicholas F. Kajon, Esq.
        Constantine D. Pourakis, Esq.
        485 Madison Avenue
        20th Floor
        New York, NY 10022
        T.: 212.319.8500
        F.: 610.371.1223
        E-mail: nfk@stevenslee.com
                cp@stevenslee.com

A copy of the Rule 2019 filing is available at PacerMonitor.com at
https://is.gd/XeLVmk

                    About Cloud Peak Energy

Cloud Peak Energy Inc  -- http://www.cloudpeakenergy.com/-- is a
coal producer headquartered in Gillette, Wyo.  It mines low sulfur,
subbituminous coal and provides logistics supply services.  Cloud
Peak owns and operates three surface coal mines and owns rights to
undeveloped coal and complementary surface assets in the Powder
River Basin.  It is a sustainable fuel supplier for approximately
two percent of the nation's electricity.

Cloud Peak Energy and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del Lead Case No.
19-11047) on May 10, 2019.  The Debtors disclosed $928,656,000 in
assets and $634,982,000 in liabilities.

The cases are assigned to Judge Kevin Gross.

The Debtors tapped Vinson & Elkins LLP as lead counsel; Richards,
Layton & Finger, P.A., as local counsel; Centerview Partners LLC as
investment banker; FTI Consulting Inc. as operational advisor; and
Prime Clerk LLC as claims and noticing agent.


CORELOGIC INC: Moody's Assigns Ba2 CFR, Outlook Stable
------------------------------------------------------
Moody's Investors Service assigned to CoreLogic, Inc. a Ba2
Corporate Family rating, a Ba3-PD Probability of Default rating,
Ba2 senior secured revolving credit facility and term loan ratings
and an SGL-1 Speculative Grade Liquidity. The outlook is stable.

On May 31, CoreLogic announced it had refinanced its senior secured
credit facilities. Key changes included increasing the amount and
extending the final maturity date to 2024. The proceeds were used
to retire the existing senior secured credit facilities due 2022
and pay transaction-related fees and expenses.

RATINGS RATIONALE

The Ba2 CFR reflects CoreLogic's strong market position within the
large U.S. residential mortgage settlement services market, unique
and hard-to-replicate data and analytics capabilities and
long-standing relationships with many of the largest financial
institutions participating in the mortgage market. CoreLogic's
solid competitive profile leads to generally predictable revenue
and cash flow as reflected in the solid financial performance
through the last economic cycle and during the past year amid the
steep drop in mortgage originations after several years of strong
refinancing activity. However, as CoreLogic's financial results
reflect mortgage industry conditions, Moody's considers the company
cyclical. Moody's anticipates adverse market conditions, including
a challenging housing market, regulatory scrutiny and uncertain
interest rates, could continue to weigh on operating results as
mortgage volumes may remain pressured by muted refinancing activity
and home sales volume over the next 12 to 18 months.

Moody's expects CoreLogic's revenue will decline 7% to 9% in 2019
versus 2018, driven by mortgage market softness and the company's
announced exit from certain non-core and low-profit mortgage and
default technology --related platforms. The exit from these
low-profit businesses and ongoing expense management initiatives
should help drive EBITDA margins up to approaching 30% in 2020 from
around 26% for the 12 months ended March 31, 2019. The expected
profit margin gains and debt repayment drive Moody's anticipation
of debt to EBITDA of 4.2 times as of March 31, 2019 declining to
below 4.0 times in 2020. Moody's also expects CoreLogic will limit
debt-funded acquisitions and shareholder returns until financial
leverage is reduced. The ratings also consider reputational risk
associated with data security and customer privacy, as well as the
company's conservative financial strategy as demonstrated by
anticipated debt repayments, moderately high financial leverage and
good free cash flow generation and liquidity. Given CoreLogic's
small revenue size and somewhat narrow operating scope compared to
many other Ba2 --rated services companies, conservative financial
strategies and steady financial leverage reductions are important
considerations to maintain the ratings.

All financial metrics cited reflect Moody's standard adjustments.

The Ba2 rating assigned to the senior secured credit facilities
(comprised of a $750 million revolver and $1.75 billion of term
loans) reflects the probability of default of the company,
reflected in the Ba3-PD PDR, and a loss given default assessment of
LGD3, reflecting Moody's expectations of a better than average
recovery at default given the preponderance of debt is secured and
subject to a financial maintenance covenant. The rated debt is
secured by a pledge of substantially all of the company's domestic
assets and 65% of the stock of foreign subsidiaries. The Ba2
rating, the same as the Ba2 CFR, also reflects the lack of first
loss support from any material junior-ranking debt obligations.

The SGL-1 rating incorporates Moody's assessment of very good
liquidity. Moody's expects CoreLogic will generate over $200
million of free cash flow in 2019 and 2020, which will mark at
least 5 consecutive years that the company has generated over $200
million of free cash flow. In addition, Moody's anticipates
CoreLogic will maintain around $100 million of cash ($87 million as
of March 31, 2019). All but a small amount of the $750 million
revolver is unused and was nearly fully available as of May 31,
2019. There are $87.5 million of annual required term loan
amortization payments, due quarterly. The revolver and term loan
are subject to a maximum leverage ratio (as defined in the loan
agreement) of 4.5 times, stepping down to 4.25 times as of
September 30, 2020 and by an additional 0.25 times in each
subsequent year until maturity. Moody's expects CoreLogic will
reduce the loan agreement leverage ratio from around 3.5 times as
of March 31, 2019 through debt repayment and EBITDA growth and
remain in compliance with the covenant.

The stable ratings reflects Moody's anticipation of free cash flow
to debt above 10% and debt to EBITDA to return to below 4 times
over the next 12 to 18 months.

The ratings could be upgraded if CoreLogic demonstrates organic
revenue and earnings growth while improving leverage such that
Moody's expects: 1) free cash flow to debt will exceed 15%; 2) debt
to EBITDA will remain below 3 times; and 3) operating margins will
be sustained above 20%.

The ratings could be downgraded if CoreLogic engages in significant
share buyback or acquisition activity or experiences a decline in
profitability such that Moody's anticipates: 1) debt to EBITDA will
remain above 4 times; or 2) free cash flow to debt will remain less
than 10% for an extended period of time.

Moody's took the following rating actions and set the outlook for
CoreLogic, Inc.:

Corporate Family Rating, Assigned Ba2

Probability of Default Rating, Assigned Ba3-PD

Senior Secured Term Loan A1, Assigned Ba2 (LGD3)

Senior Secured Term Loan A2, Assigned Ba2 (LGD3)

Senior Secured Revolving Credit Facility, Assigned Ba2 (LGD3)

Speculative Grade Liquidity Rating, Assigned SGL-1

Outlook, is Stable

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

CoreLogic, Inc., based in Santa Ana, CA, provides property and
mortgage data and analytics, as well as loan processing and other
services. Moody's anticipates 2019 revenues will decline to around
$1.6 billion.


CROSBY US: Moody's Rates 1st Lien Debt 'B2' & 2nd Lien Debt 'Caa2'
------------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Crosby US
Acquisition Corp.'s new senior secured first lien credit
facilities, consisting of a revolving credit facility due 2024 and
term loan due 2026, and a Caa2 rating to its new senior secured
second lien term loan due 2027. This capital structure revises the
previously proposed all first lien debt structure. The B3 ratings
on this previously proposed class of debt will be withdrawn. All
other existing ratings for Crosby, including the B3 Corporate
Family Rating, B3-PD Probability of Default Rating and the B2 and
Caa2 ratings on the first and second lien facilities due 2020 and
2021, respectively, remain unchanged at this time. The outlook
remains stable.

Proceeds of the proposed $625 million first and second lien term
debt will be used to refinance the company's first and second lien
facilities due in 2020 and 2021. The ratings on these facilities
will be withdrawn upon close of the refinancing transaction. The
debt refinancing closely follows Crosby's recent acquisition of
Sweden-based Gunnebo Industrier Holding AB, a manufacturer of
industrial lifting and rigging components, fully funded with equity
from sponsor Kohlberg Kravis Roberts & Co. L.P.

RATINGS RATIONALE

The assigned B2 rating to the proposed first lien debt, one notch
above the CFR, reflects its senior priority of claim in the
recovery waterfall and the first loss position of the second lien
term loan. The assigned Caa2 rating on the second lien term loan,
two notches below the CFR, reflects the subordination of the lien
of this class of debt and its size in the liability waterfall.

The B3 CFR reflects a high debt burden and financial leverage for a
cyclical and competitive business, noting that pro forma
debt-to-EBITDA leverage will approach the mid-6x range (Moody's
adjusted). Event risk remains elevated with private equity
ownership, including the potential for debt funded acquisitions or
shareholder returns that increase leverage. As well, the fragmented
and competitive landscape increases the likelihood of bolt-on
acquisitions that could constrain credit metrics if funded with
additional debt. Moody's expects that positive end market
fundamentals and improved production efficiencies will continue to
support an improvement in operating performance over the next year.
This should drive leverage lower to the mid 5x range through 2020
and sustain healthy EBITA margins in the low 20% range. Margins
will nonetheless remain under pressure from labor inflation and
commodity cost headwinds (primarily for steel), including the
potential negative effects of ongoing trade tensions and tariffs on
market pricing.

The rating also reflects Crosby's brand name recognition, global
presence and business diversification. The company's revenue scale
will increase by roughly one third as a result of the Gunnebo
acquisition as well as its penetration in Europe and market breadth
in lifting products, with potential synergies to be derived from
areas such as facility and SG&A consolidation. However, the
acquisition also presents integration risk and the product overlap
is relatively high. The good liquidity profile, including
expectations of positive free cash flow of at least $20-$25
million, cash balances in excess of $60 million and an undrawn new
$70 million revolving credit facility over the next 12-18 months,
lends support to the rating.

Moody's took the following rating actions on Crosby US Acquisition
Corp.:

Assignments:

Senior secured first lien revolver due 2024, at B2 (LGD3)

Senior secured first lien term loan due 2026, at B2 (LGD3)

Senior secured second lien term loan due 2027 at Caa2 (LDG5)

Outlook remains stable.

The stable ratings outlook reflects expectations of at least
mid-single digit revenue growth and margin expansion over the next
year, supported by positive end market demand fundamentals that
should continue into 2020. Moody's also expects Crosby to maintain
good liquidity and metrics that continue to support the B3 CFR.

Downward ratings pressure could develop with deteriorating
liquidity, including a sustained decline in free cash flow
generation or a reliance on revolver borrowings. If business
conditions worsen and lead to weaker than expected credit metrics,
including debt-to-EBITDA sustained at or above 6.5x, the ratings
could be downgraded. A more aggressive financial policy, including
debt-fund shareholder distributions or acquisitions that increase
leverage, would also exert downwards rating pressure.

The ratings could be upgraded with sustained improvement in
operating performance such that Moody's expects debt-to-EBITDA to
be sustained below 5x, EBIT-to-interest above 1.5x and maintenance
of good liquidity, including free cash flow to debt sustained at a
high single-digit level.

The principal methodology used in these ratings was Global
Manufacturing Companies published in June 2017.

Crosby US Acquisition Corp, a subsidiary of Crosby Worldwide Ltd,
is a manufacturer of highly-engineered lifting and rigging
equipment, as well as customized material handling solutions. The
company, based in Richardson, Texas, had revenues of approximately
$335 million for the last twelve months ended March 31, 2019. Pro
forma for the acquisition of Gunnebo Industrier Holdings AB,
revenues will approximate $445 million. Crosby is owned by
affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR).


CROSBY WORLDWIDE: S&P Rates Second-Lien Term Loan 'CCC'
-------------------------------------------------------
S&P Global Ratings assigned its 'CCC' issue-level rating and '6'
recovery rating to Crosby Worldwide Ltd.'s proposed second-lien
term loan. The '6' recovery rating indicates the rating agency's
expectation for negligible recovery (0%-10%; rounded estimate: 5%)
in the event of a payment default.

S&P's 'B-' issue-level rating on the company's existing first-lien
term loan was affirmed and the '3' recovery rating remain
unchanged. The '3' recovery rating indicates the rating agency's
expectation for meaningful recovery (50%-70%; rounded estimate:
60%) in the event of a payment default.

"We assigned ratings to Crosby's second-lien term loan after we
received confirmation that the company had updated its structure,"
S&P said.

As part of the new structure, the company issued the $150 million
second-lien term loan and reduced its first-lien term loan by $150
million to $475 million from $625 million. Crosby's total amount of
outstanding debt will remain the same.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

S&P's simulated default scenario contemplates a payment default
occurring in 2021 due to sharp revenue and margin declines arising
from a combination of an economic contraction, increasing price
competition, and operational inefficiencies.

"We believe lenders will aim to maximize Crosby's value and thus
pursue a reorganization rather than a liquidation in a default
scenario. Therefore, we value the company on a going-concern basis
and apply a 5.0x multiple to our projected emergence EBITDA," S&P
said, adding that the 5.0x multiple reflects the company's relative
scale and the scope of its operations in the capital goods sector.

Simulated default assumptions

-- Year of default: 2021
-- Emergence EBITDA: $77.3 million
-- EBITDA multiple: 5.0x
-- Jurisdiction: U.S.
-- LIBOR at 2.5% in S&P's assumed default year

Simplified waterfall

-- Gross enterprise value: $386.5 million
-- Net enterprise value (after 5% administrative costs): $367.1
million
-- Valuation split (obligors/nonobligors): 74%/26%
-- Value available to secured creditors (including deficiency
claims): $353.8 million
-- Estimated priority claims (Longview project loan): $13.4
million
-- Value available to secured creditors after priority claims:
$340.4 million
-- Secured first-lien term loan and senior revolver: $546.0
million
-- Recovery expectations: 50%-70% (rounded estimate: 60%)
-- Value available to second-lien term loan: $13.8 million
-- Second-lien term loan: $158.3 million
-- Recovery expectations: 0%-10% (rounded estimate: 5%)

Note: All debt amounts include six months of prepetition interest.
S&P assumes the revolver facility is 85% drawn at default.

  Ratings List

  Crosby Worldwide Ltd.
  Issuer Credit Rating B-/Positive/--

  New Rating

  Crosby US Acquisition Corp.
  Senior Secured
  US$150 mil 2nd Lien Term bank ln due 2027 CCC
  Recovery Rating                            6(5%)
  
  Ratings Affirmed

  Crosby US Acquisition Corp.
  Senior Secured
  US$475 mil 1st lien term bank ln due 2026 B-
  Recovery Rating                               3(60%)
  US$70 mil revolver bank ln due 2024        B-
  Recovery Rating                             3(60%)


DELTA FARM: Unsecured Creditors to Receive Operating Profits
------------------------------------------------------------
Delta Farm Services, LLC, filed a Chapter 11 plan and accompanying
disclosure statement proposing that unsecured creditors will
receive the operating profits of the Debtor for the thirty-six
month life of the Plan.  Operating profits are determined by taking
the gross income, less operating costs, less secured debt, less
administrative expenses, less priority claims.

Class 3: Secured Claims of BankPlus. BankPlus not only holds
collateral owned by the Debtor, it also holds collateral owned by
Mr. Lloyd and, in the case of the residence of Mr. Lloyd, property
owned by Mr. and Mrs. Lloyd. The BankPlus debts are
"cross-collateralized" and "cross-guaranteed".

Class 4: Secured Claims of World Ag/Thomas Swarek. The secured
claims of World Ag are secured by the Fenwood Terrace real estate
and the Debtor's equipment to the sum of $153,000.00. The Debtor
will amortize the secured claims of World Ag/Mr. Swarek over a
fifteen year period, with quarterly installments of principal and
interest sufficient to pay the secured claims over that time frame,
with interest at 5.25%.

Class 6: Equity Security Holders. The Debtor's equity security
holders will maintain their ownership of the Debtor.

The Plan is feasible, in that it depends only upon use of contract
receivables and litigation settlement funds that will be used to
pay claims of creditors. Those funds will be completely paid out to
satisfy claims of creditors, under the priority distribution scheme
of the Bankruptcy Code and this Plan.

A full-text copy of the Disclosure Statement dated May 30, 2019, is
available at https://tinyurl.com/y3q4p4bx from PacerMonitor.com at
no charge.

Of Counsel for the Debtor is Craig M. Geno, Esq., in Ridgeland,
Mississippi.

                  About Delta Farm Services

Delta Farm Services, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Miss. Case No. 18-12668) on July 11, 2018, listing
$100,001 to $500,000 in assets and $1 million to $10 million in
liabilities.  Judge Jason D. Woodard presides over the case.  The
Debtor hired the Law Offices of Craig M. Geno, PLLC as its legal
counsel.


DFH NETWORK: July 18 Disclosure Statement Hearing
-------------------------------------------------
Notice of motion and motion to approve disclosure statement
explaining the Chapter 11 Plan of DFH Network, Inc.

Class 4(a) General Unsecured Claims are impaired and will receive a
one-time payment of $49,915 in month 1.  The source of these funds
is from New Value contributed by the current insiders of the
Debtor.  The regular monthly installment for months 1-60 will be
$2,149 per month, beginning on Effective Date and ending on
Sixtieth Payment.

Class 2A Claim of De Lage Landen is impaired. Debtor and De Lage
Landen filed a stipulation avoiding the lien of De Lage Landen on
October 22, 2018.  De Lage Landen will deliver to the Debtor a
release of lien in recordable form.  De Lage's proof of claim filed
in the case is unaffected by the release of the lien.  The secured
claim of De Lage Landen will be valued at $0 and will be paid $0.

The funding of the Plan will be by way of "available cash" on the
Effective Date of the Plan and "future disposable income" from
revenue over the life of the Plan.

A full-text copy of the Disclosure Statement dated May 30, 2019, is
available at https://tinyurl.com/y5d27bgj from PacerMonitor.com at
no charge.

Attorney for the Debtor is Andy C. Warshaw, Esq., at Financial
Relief Law Center, APC, in Irvine, California.

                  About DFH Network Inc.

DFH Network Inc. -- http://www.dfhnet.com/-- is a digital
broadcasting company that delivers Turkish channels to
Turkish-speaking houses in every region of America with its
subscription system.

DFH Network sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 18-13119) on August 23, 2018.  In
the petition signed by Suleyman Ozrifaioglu, vice-president of
Technology, the Debtor disclosed $57,000 in assets and $2,974,113
in liabilities.  

Judge Erithe A. Smith presides over the case.


DIFFUSION PHARMACEUTICALS: Armistice Capital Reports 5.5% Stake
---------------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Armistice Capital, LLC, Armistice Capital Master Fund
Ltd., and Steven Boyd disclosed that as of May 23, 2019, they
beneficially own 256,516 shares of common stock of Diffusion
Pharmaceuticals Inc., which represents 5.5 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/kBLQku

                  About Diffusion Pharmaceuticals

Based in Charlottesville, Virginia, Diffusion Pharmaceuticals Inc.
-- http://www.diffusionpharma.com/-- is biotechnology company
developing new treatments that improve the body's ability to bring
oxygen to the areas where it is needed most, offering new hope for
the treatment of life-threatening medical conditions.  Diffusion's
lead drug TSC was originally developed in conjunction with the
Office of Naval Research, which was seeking a way to treat
hemorrhagic shock caused by massive blood loss on the battlefield.

Diffusion reported a net loss attributable to common stockholders
of $26.62 million for the year ended Dec. 31, 2018, compared to a
net loss attributable to common stockholders of $2.61 million for
the year ended Dec. 31, 2017.  As of March 31, 2019, Diffusion had
$15.98 million in total assets, $3.03 million in total liabilities,
and $12.95 million in total stockholders' equity.

KPMG LLP, in McLean, Virginia, the Company's auditor since 2015,
issued a "going concern" qualification in its report on the
consolidated financial statements for the year ended Dec. 31, 2018,
citing that the Company has suffered recurring losses from
operations, has limited resources available to fund current
research and development activities, and will require substantial
additional financing to continue to fund its research and
development activities that raise substantial doubt about its
ability to continue as a going concern.


DIRECTVIEW HOLDINGS: Registers 198M Shares for Possible Resale
--------------------------------------------------------------
DirectView Holdings, Inc., filed a Form S-1 registration statement
with the U.S. Securities and Exchange Commission relating to the
proposed offering of an indeterminate number of shares of its
common stock, which will consist of up to 198,000,000 shares of
common stock to be sold by Oasis Capital, LLC pursuant to an Equity
Purchase Agreement dated March 22, 2019.  If issued presently, the
198,000,000 shares of common stock registered for resale by Oasis
would represent approximately 29% of the Company's issued and
outstanding shares of common stock as of May 29, 2019.
Additionally, as of May 30, 2019, the 198,000,000 shares of the
Company's common stock registered for resale would represent
approximately 30% of the Company's public float.

The selling stockholder may sell all or a portion of the shares
being offered pursuant to this prospectus at fixed prices and
prevailing market prices at the time of sale, at varying prices, or
at negotiated prices.

The Company's common stock is traded on OTC Markets under the
symbol "DIRV".  On May 27, 2019, the reported closing price for the
Company's common stock was $0.0027 per share.

Prior to this offering, there has been a limited market for the
Company's securities.  While its common stock is on the OTC
Markets, there has been limited and fluctuating trading volume. The
Company gives no guarantee that an active trading market will
remain or develop in its securities.

A full-text copy of the Form S-1 registration statement is
available for free at: https://is.gd/EPlSGt

                    About Directview Holdings

DirectView Holdings, Inc., (DIRV) together with its subsidiaries,
provides video surveillance solutions and teleconferencing products
and services to businesses and organizations.  Based in Boca Raton,
Florida, the company operates in two divisions, Security (Video
Surveillance) and Video Conferencing.  The Security division offers
technologies in surveillance systems providing onsite and remote
video and audio surveillance, digital video recording, and
services.  It also sells and installs surveillance systems; and
sells maintenance agreements.  The company sells its products and
services in the United States and internationally through direct
sales force, referrals, and its websites.  The Video Conferencing
division offers teleconferencing products and services that enable
clients to conduct remote meetings by linking participants in
geographically dispersed locations.  It is involved in the sale of
conferencing services based upon usage, the sale and installation
of video equipment, and the sale of maintenance agreements.  This
division primarily provides conferencing products and services to
numerous organizations ranging from law firms, banks, high tech
companies and government organizations.  DirectView Holdings
maintains two websites at http://www.directview.com/and
http://www.directviewsecurity.com/

Directview reported a net loss of $10.05 million for the year ended
Dec. 31, 2018, compared to a net loss of $1.54 million for the year
ended Dec. 31, 2017.  As of March 31, 2019, the Company had $1.77
million in total assets, $23.14 million in total liabilities, and a
total stockholders' deficit of $21.37 million.

Assurance Dimensions, the Company's auditor since 2017, issued a
"going concern" qualification in its report dated April 12, 2019,
on the Company's consolidated financial statements for the year
ended Dec. 31, 2018, stating that the Company had a net loss and
cash used from operations of approximately $10,058,000 and
$1,854,000, respectively for the year ended of Dec. 31, 2018 and a
working capital deficit of approximately $21,351,000 as of Dec. 31,
2018.  These conditions raise substantial doubt about the Company's
ability to continue as a going concern.


DIVERSEY: Moody's Alters Outlook on B3 CFR to Negative
------------------------------------------------------
Moody's Investors Service affirmed the Corporate Family Rating of
Diamond (BC) B.V. (Diversey) at B3, but changed the outlook to
negative from stable. Other ratings affirmed include the B1 rating
on the revolving credit facility and first lien term loan, the Caa2
on the senior unsecured notes due 2025 and the Probability of
Default rating at B3-PD. The change in outlook to negative reflects
the lower than expected EBITDA performance and the drain on cash
due to one-time costs to establish the company as a standalone
entity, costs to achieve savings and for TSA transitioning, and
elevated capital expenditures to support new business wins and
investment in digital platforms.

"Since the separation from Sealed Air less than 2 years ago the
company has faced fx and inflation headwinds and underachieved on
its plans to improve margins, grow EBITDA, and generate positive
free cash flow," according to Joseph Princiotta, Senior Vice
President at Moody's. "Metrics are below expectations and the
outlook in 2019 is for flattish EBITDA and negative free cash flow,
weakening metrics further," Princiotta added.

Ratings affirmed:

Issuer: Diamond (BC) B.V.

Corporate Family Rating, affirmed B3
Probability of Default Rating, affirmed B3-PD
Gtd. Senior Secured Revolving Credit Facility, affirmed B1(LGD3)
Gtd. Senior Secured 1st Lien Term Loan, affirmed B1 (LGD3)
Gtd. Senior Unsecured Notes, affirmed Caa2 (LGD5)

Outlook actions:

Issuer: Diamond (BC) B.V.

Outlook, changed to negative from stable

RATINGS RATIONALE

The negative outlook on the B3 CFR reflects weaker than expected
metrics and concerns about free cash flow going forward. Gross
adjusted debt to PF EBITDA was over 7.0 times in 2018 and is likely
to be close to 8.0 times at the end of 2019 (including Moody's
standard adjustments). EBITDA of $321 million in 2018 was well
below the company's $360-$380 guidance earlier in the year, and
only moderately better than $307 million in 2017, despite two
acquisitions of modest scale and achieving cost reductions of $46
million of the $80 million target. Earnings pressure reflects a
number of headwinds -- raw material and freight inflation, foreign
exchange, and higher SG&A costs. Higher SG&A is focused on growing
sales and marketing to grow future revenues but contribute to lower
margins and EBITDA in the short term.

Cash flow uses in 2018 were significant and resulted in cash
balances falling to $73 million in 2018 from $288 million in 2017
since the time of the separation from Sealed Air. Aside from the
$130 million spent in 2018 on one acquisition, the company spent
$120 million on transition and transformation costs, $83 million
for dosing and dispensing equipment capex associated mainly with
new contract wins, $44 million in capex, and $14 million in
restructuring costs. The sum of these cash outflows is higher than
expected and modelled at the time the original B3 ratings were
assigned.

Continuation of transition and transformation costs, albeit at
lower levels, dosing and dispensing equipment costs, further
restructuring and flattish EBITDA are expected to yield negative
free cash flow in 2019. Transition costs reflect the TSAs with
Sealed Air that provide transition services, including finance, HR,
IT, warehousing, and logistics.

While there is not good visibility into 2020 performance and cash
flow at this time, a number of factors should eventually flow
through to EBITDA and cash flow growth, including the effects of
acquisitions, SG&A investment in food service markets, and new
contract wins, earnings from which are generally delayed, the
balance of $34 million in savings under the $80 million cost
reduction plan, plus some of the $30 million in the new cost
reduction target, and benefits of price increases against raw
material inflation and foreign exchange headwinds. Also, the $120
million spent on transition costs last year are expected to be
lower this year and into 2020.

Diversey's liquidity is considered weak at this time due to
expectations of negative free cash flow and drawings under the
revolver currently and over the next 12 months. As of March 31,
2019, the $250 million committed revolver facility was $119.5
million drawn with $17.6 million in LC usage leaving $112.9 million
availability, surpassing the 35% threshold and activating the
springing first lien net leverage test of 7.5x. Cash balances were
$73 million as of March 31, 2019. The company says it expects
revolver usage to peak in this second quarter at $160-$180 million,
resulting in roughly $50-$70 million in availability and resulting
in a cushion under the 7.5x test of roughly 30%-35%. The company is
expected to remain in compliance with the covenant over the next
four quarters.

Moody's expects free cash flow to be positive in the second half
but negative for the full year with revolver usage by year end to
be in the range of $75-$125 million to finance negative free cash
flow. The First Lien Term loan amortization is 1% per annum ($20
million) and there are no significant debt maturities until the
revolver expires in 2022. Most assets are encumbered under the
secured facilities leaving little in the way of alternate
liquidity.

The negative outlook reflects the stressed metrics, negative free
cash flow and weak liquidity expected this year and the poor
visibility into next year's EBITDA and cash flow generation to
support debt reduction and metric improvement. Moody's would likely
consider a downgrade if the direction of performance and free cash
flow in 6-9 months is not positive and indicates the company will
continue to exceed some or all of its previous downgrade triggers
-- leverage above 6.0x, EBITDA to interest expense below 2.0 times
and funds from operations to debt below 6.0%.

Moody's is not considering an upgrade at this time and is unlikely
to do so until leverage falls consistently below 6x and free cash
flow is comfortably positive and used to reduce debt.

Considering ESG risks, the issuer-specific governance issue most
important to Diversey's credit risk is the concentrated ownership
and voting control by private equity firm Bain Capital and is a
potentially negative influence on corporate financial policies,
performance and credit outcomes, as owners may seek to extract
private benefits at the expense of other stakeholders.
Environmental and social risks are low-to-moderate considering the
nature Diversey's business profile and products.

Headquartered in Charlotte, North Carolina, Diversey is a global
supplier of cleaning, hygiene, sanitizing products, equipment and
related services to the institutional and industrial cleaning and
sanitation markets. The company generated approximately $2.7
billion of sales in 2018. Diversey is a portfolio company of Bain
Capital Investors.


DREAM WORKS: Plan and Disclosures Hearing Scheduled for July 15
---------------------------------------------------------------
Bankruptcy Judge Brian T. Fenimore conditionally approved The Dream
Works, Inc.'s disclosure statement referring to its chapter 11
plan.

July 15, 2019 at 2:00 p.m. is fixed for the hearing on final
approval of the disclosure statement and for the hearing on
confirmation of the plan.

July 5, 2019 is the deadline for filing with the Court objections
to the disclosure statement or plan confirmation; and submitting to
counsel for the plan proponent ballots accepting or rejecting the
plan.

The Troubled Company Reporter previously reported that the plan
proposes to pay holders of Unsecured Non-Priority Claims 100% of
their Approved Claims within no interest in equal monthly
installments over seven years, commencing on Dec. 31, 2019 and by
the end of each month thereafter.

A full-text copy of the Disclosure Statement is available at
https://tinyurl.com/y6zmh73x from PacerMonitor.com at no charge.

The Dream Works, Inc., filed a Chapter 11 Petition (Bankr. W.D. Mo.
Case No. 18-43126) on December 6, 2018, and is represented by
Erlene W. Krigel, Esq., at Krigel & Krigel, P.C.


DREW GARDEN: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
Drew Garden Apartments Unit II, Inc., according to court dockets.

                   About Drew Garden Apartments
                           Unit II Inc.

Drew Garden Apartments Unit II, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
19-03983) on April 30, 2019.  At the time of the filing, the Debtor
had estimated assets of less than $1 million and liabilities of
less than $500,000.  

The case has been assigned to Judge Michael G. Williamson.  The
Debtor is represented by Buddy D. Ford, P.A.


DUNN PAPER: S&P Cuts ICR to 'B-' on Limited Covenant Headroom
-------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
specialty paper and tissue manufacturer Dunn Paper Holdings Inc. to
'B-' from 'B'.

At the same time, S&P lowered its issue-level rating on the
company's first-lien secured credit facilities to 'B-' from 'B'.
The '3' recovery rating is unchanged, indicating the rating
agency's expectation for meaningful (50%-70%; rounded estimate:
60%) recovery of principal in the event of a payment default.

S&P also lowered its issue-level rating on the company's
second-lien term loan to 'CCC' from 'CCC+'. The '6' recovery rating
is unchanged, indicating S&P's expectation for negligible (0%-10%;
rounded estimate: 0%) recovery of principal in the event of a
payment default.

The downgrade reflects Dunn Paper's recent operational challenges
and declining covenant headroom. Leverage by the company's bank
definition was 5.9x in the first quarter ended March 31, 2019, for
an EBITDA cushion of less than 5.0% relative to its 6.0x financial
covenant. The bank covenant calculation allows for the EBITDA
add-back of restructuring costs and run-rate costs saving, among
other things, and allows the company to net unrestricted cash.
Compressed EBITDA margins amid higher input costs and greater debt
following the acquisition of the Ladysmith mill have caused
leverage to spike to a level whereby the company is reliant on
improved performance in 2019 to support liquidity and maintain
financial covenant requirements. Furthermore, the first-lien total
net leverage ratio is scheduled to step down to 5.75x at Sept. 30,
2019 and again down to 5.50x at Sept. 30, 2020. S&P expects the
company will narrowly meet upcoming covenant requirements, but
recognize this leaves little to no room for further declines in
earnings or unexpected operating setbacks.

The negative outlook reflects the one-in-three risk that profit
margin deterioration and continued higher-than-expected leverage
could lead to a potential covenant breach in the next 12 months.
While S&P believes the company will narrowly comply with its
covenant in 2019, constrained liquidity makes Dunn Paper more
vulnerable to adverse market conditions, unexpected operational
headwinds, or a shortfall in free cash flow generation.

"We could lower the ratings if the company is unable to improve
profitability and generate positive free cash flow for debt
repayment, resulting in ongoing covenant pressure. For instance, if
we consider a covenant breach to be increasingly likely and view
prospects for medium term operating performance as deteriorating,
we believe this could make obtaining covenant relief more onerous
and we could lower the ratings," S&P said.

"We could revise the outlook to stable if we expect business
prospects to improve in line with our base case and covenant
headroom expands, such that we do not see substantial risk of a
covenant violation. For instance, if the company sustains covenant
headroom of at least 15%, through meaningful EBITDA growth or
positive free cash flow generation and debt repayment, we could
revise the outlook to stable," S&P said.


EAST END BUS: Platzer Swergold Represents 4 Secured Creditors
-------------------------------------------------------------
The law firm of Platzer, Swergold, Levine, Goldberg, Katz& Jaslow,
LLP, filed a verified statement pursuant to Rule 2019 of the
Federal Rules of Bankruptcy Procedure to disclose that it is legal
counsel in East End Bus Lines, Inc., et al.'s cases for six
entities:

    1. Commercial Credit Group, Inc.
       227 West Trade Street, Suite 1450
       Charlotte, North Carolina 28202.5

    2. Eastern Funding LLC
       213 W. 35th Street, 10thFloor
       New York, New York 10001

    3. Financial Pacific Leasing, Inc.
       3455 S. 344th Way, Ste. 300
       Federal Way, WA 98001

    4. Freedom Financing Consulting, Inc.
       8221 Tristar Drive
       Irving, Texas 75063

    5. Gvest Capital, LLC
       136 Main Street
       Pineville, North Carolina 28134

    6. NEC Financial Services, LLC
       250 Pehle Avenue, Suite 203
       Saddle Brook, New Jersey

Commercial Credit Group, Eastern Funding, Financial Pacific
Leasing, and NEC Financial Services are secured creditors in the
Debtors' bankruptcy cases.  Freedom Financial Consulting and Gvest
Capital are lessors to debtor East End Bus Lines and are creditors
in the bankruptcy cases.

Attorneys for the Creditors:

         Clifford A. Katz, Esq.
         PLATZER, SWERGOLD, LEVINE,GOLDBERG , KATZ & JASLOW, LLP
         475 Park Avenue South, 18th Fl
         New York, NY 10016
         Tel: (212) 593-3000
         E-mail: ckatz@platzerlaw.com

                    About East End Bus Lines

East End Bus Lines Inc. and its subsidiaries --
https://www.eastendbus.com/ -- offer bus transportation services
for students.  East End Bus Lines and Montauk Student Transport are
dedicated to providing cost-effective solutions for transportation
requirements for private schools, public schools, charter trips,
and camping events.  Founded in 2007, East End Bus Lines was later
joined by Montauk Student Transport under the guidance of John
Mensch.

East End Bus Lines and its subsidiaries, namely, Montauk Student
Transport LLC, and Montauk Transit Service LLC, filed voluntary
Chapter 11 petitions (Bankr. E.D.N.Y. Lead Case No. 18-76176) on
Sept. 13, 2018.

In the petitions signed by John Mensch, president, East End Bus
Lines and Montauk Student Transport estimated up to $50,000 in
assets and $10 million to $50 million in liabilities while Montauk
Transit Service estimated up to $50,000 in assets and $1 million to
$10 million in liabilities.

The Debtors tapped Weinberg, Gross & Pergament LLP as their legal
counsel, and Giambalvo, Stalzer & Company, CPA's, PC as their
accountant.  The Debtors hired Littler Mendelson PC, as special
counsel to represent them in labor relations matters.

No official committee of unsecured creditors has been appointed.


EMERA INC: Fitch Assigns 'BB+' Rating on Jr. Subordinated Debt
--------------------------------------------------------------
Fitch Ratings has assigned a first time Long-Term Issuer Default
Rating of 'BBB' to Emera Incorporated. In addition, Fitch has
assigned Emera US Finance LP a 'BBB' senior unsecured debt rating.
Emera Finance does not own any assets and is a financing vehicle
for Emera. Emera provides full guarantee of Emera Finance's debt
and, as such, the unsecured debt ratings of Emera Finance reflect
Emera's credit quality. Finally, Fitch has assigned an 'A-'
Long-Term IDR to Tampa Electric Company (TEC), which operates
regulated electric and gas utilities in Florida and is Emera's
largest subsidiary. The Rating Outlook is Stable for both Emera and
TEC.

Emera's ratings and Stable Outlook reflect its successful
integration of TECO Energy, ownership of financially sound
regulated utilities operating in favorable regulatory environments,
exit from riskier non-regulated power generation business in the
U.S., and a commitment to strengthen the balance sheet and reduce
parent-level debt, which has culminated in a recent announcement to
sell its Maine utility. Fitch believes that the issuance of equity
and equity linked securities following the acquisition of TECO
Energy and the recently announced and completed asset sales is a
positive sign that management will be able to hit its capital
structure target in 2020. Management is targeting an overall
capital structure of 55% debt, 35% equity and 10% preferred, which
translates to approximately 6.0x FFO adjusted leverage.

KEY RATING DRIVERS

Deleveraging On Track: Fitch believes Emera's resolve to de-lever
and focus on parent-level debt reduction is supportive of its
credit profile. Management remains committed to its capital
structure target of 55% debt, 35% equity, 10% preferred equity in
2020 and has taken several constructive steps to achieve its
target. Supporting its willingness to reduce leverage, the company
issued C$1.3 billion of common shares and C$300 million of
preferred shares since the closing of the acquisition of TECO
Energy. In addition, management announced a reduction in the
dividend growth rate to 4% to 5% through 2021 (from 8% through
2020) in the second quarter 2018 earnings call. Management recently
completed the sale of its non-regulated power plants in the U.S.
for C$792 million; the sale has improved Emera's risk profile by
further shifting the business mix toward regulated operations.

In March 2019, Emera announced the sale of its Maine utility for a
total transaction value of USD 1.3 billion, which includes $959
million of cash proceeds, transferred debt of approximately $350
million and working capital adjustment at close; the timing and
transaction value of Emera Maine exceeded Fitch's expectations.
Fitch expects the proceeds from these asset sales to be directed
toward parent debt reduction, of which C$1.33 billion is due in
2019-2020, facilitating further de-leveraging. Furthermore, in May,
Emera filed a preliminary shelf prospectus to allow for up to C$600
million equity issuance over a period of 25 months.

Good Regulatory Diversity: Emera's credit profile benefits from
regulatory scale and diversity provided by the ownership of
regulated operations in the U.S., Canada, and the Caribbean.
Emera's quality of earnings mix improved significantly with the
addition of TECO Energy and its main subsidiary, TEC, which
operates in a favorable regulatory environment in Florida. For the
LTM 1Q19, the Florida utilities (electric and gas divisions)
contributed roughly half of consolidated operating earnings.
Favorably, Emera's proportion of regulated earnings has increased
to 95%+ from the low 70% pre-TECO acquisition when Emera's
unregulated business, mainly consisting of merchant generation and
marketing and trading, represented between 20% to 30%. Fitch
expects Florida operations to be the main drivers of Emera's
financial performance over the forecast period, supporting
management's guidance of a 6% compound annual growth rate (CAGR) in
rate base over 2019-2021.

Constructive Regulation: Emera's two largest subsidiaries, TEC and
Nova Scotia Power (NSP), operate regulated businesses in Florida
and Nova Scotia, both of which Fitch considers to be strong
regulatory environments. Authorized returns on equity (ROEs) of
Florida utilities have been above the national average in recent
years. TEC enjoys an authorized midpoint ROE of 10.25% (+/- 100bps)
based on a 54% common equity ratio. The utility currently operates
under a multi-year rate settlement that extends through 2021.

Fitch considers Nova Scotia regulation (UARB) to be generally
constructive, as illustrated by NSP's good track record in
achieving balanced outcomes in rate cases. Proceedings tend to be
less adversarial than in the U.S. and NSP has had success reaching
settlements in previous filings. NSP is not subject to a general
annual rate review process but participates in hearings held
periodically at NSP's or UARB's request. The utility operates under
a multi-year fuel stability plan that allows for a true-up in over
or under recovery in fuel costs in the subsequent year. On a more
negative note, authorized ROEs in Canada are typically lower than
average. NSP operates under an authorized ROE range of 8.75% to
9.25% based on an equity ratio of 40%.

Regulation for Emera's New Mexico gas distribution company is less
constructive than in Florida, but has shown signs of improvement.
Emera's Caribbean integrated utilities all benefit from fuel
adjustment mechanisms and relatively attractive returns on rate
base ranging from 8.44% to 15%.

Sizeable Capex: Management expects to spend a sizeable capex of
C$6.5 billion over 2019-2021. Approximately 68% of consolidated
capex is projected to be allocated at TEC. TEC is spending
approximately $850 million to install 600MW of solar generation by
2021 and benefits from timely recovery through the Solar Base rate
Adjustment (SoBRA) rider. The utility also plans to spend $850
million toward the modernization of the Big Bend coal plant, and to
allocate a portion of capex toward natural gas pipe replacement at
the gas division, recovered through a rider.

The Big Bend modernization is a large capital undertaking, which
will depress both TEC's and the consolidated credit metrics until
the modernization is complete (expected in 2023). TEC intends to
file a rate case in 2021 for new rates to be effective January
2022. Fitch expects capex to be funded in a balanced manner through
parent equity infusions, internal cash flows, and utility debt.

Improving Credit Metrics: Fitch forecasts Emera's FFO-adjusted
leverage and FFO-fixed charge coverage to average 6.0x and 3.2x,
respectively, over 2019-2021. In contrast, FFO adjusted leverage
stood at 6.6x and 7.4x at YE 2018 and 2017, respectively. An
improved financial profile coupled with the qualitative features of
strong utilities, position Emera well at the 'BBB' rating level.
Sizeable rate base growth in Florida, constructive settlements at
TEC and NSP, and balanced treatment of tax reform support Emera's
business profile. Although not rated by Fitch, Fitch would consider
NSP's credit profile to be in line with the 'BBB' to 'BBB+' rating
range.

Sale of Emera Maine: Fitch believes the execution risk in closing
the sale of Emera Maine to ENMAX is similar to other M&A
transactions in the U.S. There have been several M&A transactions
involving Maine investor owned utilities and most have received
approvals within four to eight months of application. Fitch does
not expect the pending legislation in Maine that seeks to change
the regulatory approval statute to 'Net Benefit' standard from the
current 'No Harm' standard for ratepayers to pose any challenge for
the transaction's regulatory approval. Emera Maine has already
withdrawn its pending rate case and has offered incentives to
support economic development in its service area and other customer
benefits. In Fitch's view, another pending legislation that seeks
public ownership of state utilities does not seem to have broad
political support. ENMAX has indicated that the City of Calgary
(which owns ENMAX) will have no decision-making authority regarding
Emera Maine's operations and management, and no director or officer
of ENMAX, or any of its subsidiaries, including BHE Holdings, Emera
Maine and its subsidiaries, will be a council member of the City or
otherwise a designee of the City.

Emera Maine filed its request for regulatory approval for the sale
on May 9th. The Maine Public Utilities Commission is expected to
render its decision by Nov. 5, 2019. The transaction is also
subject to obtaining regulatory approvals by the Federal Energy
Regulatory Commission and pursuant to the Hart-Scott-Rodino
Antitrust Improvements Act.

KEY RATING DRIVERS FOR TEC

Low-Risk Business Model: TEC, an integrated electric and gas
utility, enjoys a supportive regulatory environment in Florida and
an improved local economy that translates into above-average
utility sales and customer growth trends. TEC is the largest
contributor to Emera's earnings and cash flows and represented
approximately half of consolidated EBITDA and FFO as of YE 2018.
TEC's sales volume mix was 48% residential, 32% commercial, 10%
industrial and 10% other in 2018. Fitch expects TEC to continue to
be the main driver of consolidated earnings over the forecast
period, driven by healthy rate base growth.

Constructive Florida Regulation: The Florida regulatory compact is
supportive of utility credit quality. The utility has several rate
riders that provide timely recovery of all prudent costs related to
fuel, purchased power, environmental expenditures, conservation
costs, a storm recovery clause, and gas pipeline replacement. The
use of a SoBRA for TEC's planned solar investments provides timely
cost recovery of projects outside of regulatory proceedings. The
regulatory compact also features a generation base rate adjustment
(GBRA) rider to timely recover generation-related investments that
TEC was able to use for the completed Polk power plant expansion
project. TEC enjoys rate predictability through 2021, as reflected
in a multi-year rate settlement that replaced the settlement
agreement reached in 2013 with the Florida Public Service
Commission (FPSC).

Favorable Tax Reform and Storm Settlement: On March 1, 2018, the
FPSC approved a settlement agreement that Fitch views as
constructive and supportive of TEC's credit quality. The FPSC
authorized TEC to offset the benefits of tax reform in 2018 against
$47 million (net of storm reserve and costs allocated to O&M and
capex) of an existing storm recovery asset that was the result of
Hurricane Irma which impacted TEC's service territory in 2017. The
full impact of tax reform on TEC's rates became effective January
2019.

High Capex: Management expects to spend $3.5 billion on capital
investments over 2019-2021. Investments in utility-scale solar
generation and the modernization of the Big Bend power station
represent the core of capex. Favorably, these investments will
change the generation mix to approximately 75% natural gas, 12%
coal, 7% solar, and 6% from other sources in 2023. Fitch expects
capex to be conservatively funded and in line with the authorized
statutory capital structure, using debt, internal cash flows, and
equity injections from Emera.

Solid Credit Metrics: For 2018, TEC's FFO-adjusted leverage and
FFO-fixed charge coverage were 3.1x and 7.4x, respectively. Fitch
forecasts credit metrics to moderately weaken over the forecast
period as a result of the elevated capex. Fitch expects
FFO-adjusted leverage and FFO-fixed charge coverage to average 3.7x
and 6.3x, respectively, over 2019-2021, which remains strong at
recommended rating levels.

Parent-Subsidiary Linkage: Fitch considers rating linkages between
Emera and TEC to be weak to moderate. Legal ties are considered
weak due to the absence of guarantees and cross-default provisions.
Other weak linkage considerations include an authorized regulatory
capital structure provision, a local operating board, a maximum
debt-to-capitalization ratio in debt indentures, and access to own
utility financing that provide some level of ring-fencing around
TEC. However, strategic ties are strong as TEC is a core source of
earnings and cash flows to Emera. TEC's reliance on parent equity
infusions to support a heavy capex program over the forecast period
supports the weak to moderate rating linkage. As a result, Fitch
would allow a maximum two-notch differential between the Long-term
IDRs of Emera and TEC.

Fitch has applied a bottom-up approach in rating TEC. Fitch
considers TEC to be a stronger entity than its parent company due
to the utility's low business risk nature of its regulated
operations, strength of its regulatory environment, and stronger
credit metrics and leverage. TEC's stand-alone business profile and
credit metrics warrant a higher rating but Fitch has constrained
its rating by one notch. Fitch has applied a consolidated approach
to rate Emera.

DERIVATION SUMMARY

Emera's business risk profile as a Canadian utility holding company
is moderately weaker than U.S. utility holding companies Duke
Energy Corp. (Duke; BBB+/Stable) and FirstEnergy Corp. (FE;
BBB-/Positive) and stronger than its Canadian peers, AltaGas Ltd
(BBB/Stable) and Algonquin Power & Utilities Corp. (APUC;
BBB/Stable). Both Duke and FE benefit from greater regulatory
diversification and scale than Emera, with their regulated
utilities operating in multiple jurisdictions with generally
constructive regulation. However, Duke is facing execution risks
related to its large pipeline construction project and higher
regulatory scrutiny driven by coal ash remediation issues. Like
Emera, AltaGas owns a strong regulated utility that operates in
Virginia and Michigan, but its other investments in
commodity-sensitive midstream operations carry higher risk. APUC
benefits from regulatory diversification, but owns utilities that
are significantly smaller in scale than Emera's Florida and Nova
Scotia utilities and operate in somewhat less constructive
regulatory environments, with APUC's largest utility operating in
Missouri. Emera derives more than 95% of its earnings from
regulated operations compared to AltaGas' 50% and APUC's 80%.

Emera's strong business profile versus its Canadian peers is offset
by its weaker credit metrics. Emera's forecasted FFO-adjusted
leverage at approximately 6.0x is higher than 5.0x-5.2x at Duke,
4.9x-5.4x at AltaGas, and 4.8x-5.2x at APUC and comparable to 6.0x
at FE. Emera's sizeable holding company debt (forecasted at 42% pro
forma for sale of Emera Maine and debt reduction) compares to 34%
at Duke and 36% at FE.

TEC's business risk profile as a regulated integrated utility is
stronger compared to that of peers, Consumers Energy Company
(A-/Stable) and Gulf Power Company (A-/Stable), and slightly weaker
than Florida Power & Light Co.

(FPL; A/Stable) driven by size. Fitch considers the regulatory
compact in Florida to be constructive, which benefits TEC, Gulf
Power and FPL. Consumers Energy also benefits from a supportive
regulatory environment in Michigan. TEC's financial profile is
stronger compared to its peers, albeit it is expected to weaken in
midst of a long heavy capex cycle. Once Big Bend modernization is
complete, Fitch anticipates TEC's FFO adjusted leverage to return
to low 3.0x, reflective of a strong 'A' standalone rating. Fitch
has constrained TEC's rating by one-notch due to ownership by a
leveraged parent. TEC's forecasted FFO adjusted leverage at
3.5x-4.0x is comparable to mid-3.0x at Gulf Power and 3.5x-4.0x at
Consumers Energy, and weaker than 2.7x-3.2x at FPL. The ratings of
both Consumers Energy and FPL are constrained due to ownership by
CMS Energy (BBB/Stable) and NextEra Energy, Inc. (A-/Stable),
respectively.

KEY ASSUMPTIONS

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

  -- For TEC, rate increases reflect settlements and riders,
modest
     sales growth in 2019 and 0.5%-1% sales growth in 2020 and
     2021;

  -- Rate increases at other utilities reflect rate settlements
     and riders;

  -- Consolidated capex of C$6.5 billion over 2019-2021;

  -- Sale of Emera Maine closes by the end of 2019;

  -- Reduction of C$1.3 billion of Holdco debt over 2019-2021.

RATING SENSITIVITIES

Emera

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

  -- Further deleveraging that leads to sustained FFO adjusted
     leverage to less than 5.0x;

  -- Reduction of parent only holding debt to 30% or below of
     the consolidated debt.

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

  -- Incremental investments in non-regulated operations that
     increases business risk and lead to incremental leverage;

  -- A significant deterioration in TEC's financial profile that
     requires material parental support;

  -- Inability to reach targeted capital structure of 55% debt,
     35% equity and 10% hybrid and FFO-adjusted leverage of 6.0x
     in 2020.

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

  -- Rating upgrade at Emera.

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

  -- A downgrade at Emera;

  -- Although not anticipated by Fitch, a material deterioration in

     the Florida regulatory compact;

  -- FFO-adjusted leverage above 4.3x on a sustained basis.

LIQUIDITY

Adequate Liquidity: Emera and its subsidiaries have in aggregate
access to approximately $3.1 billion of committed syndicated
revolving bank lines of credit in either CAD or USD, as of March
31, 2019. Emera's syndicated credit facilities have a financial
covenant that the debt to total capitalization ratio should be no
greater than 70%. The company was compliant with the covenant as of
March 31, 2019. TEC has credit facilities that aggregate $475
million with maturities ranging from March 2021 to March 2022. The
facilities carry a financial covenant of 65% debt to capital. TEC
was compliant with the covenant as of March 31, 2019.

FULL LIST OF RATING ACTIONS

Fitch assigns the following ratings with a Stable Outlook:

Emera Inc.

  -- Long-term IDR 'BBB';

  -- Senior unsecured debt 'BBB';

  -- Junior subordinated debt 'BB+';

  -- Preferred stock at 'BB+'.

Emera Finance

  -- Senior unsecured debt 'BBB'.

TEC

  -- Long-term IDR 'A-';

  -- Senior unsecured debt 'A'.


ENTERTAINMENT ONE: Moody's Rates New GBP425MM Secured Notes 'B1'
----------------------------------------------------------------
Moody's Investors Service has affirmed Entertainment One Ltd.'s Ba3
corporate family rating and Ba3-PD probability of default rating.
Concurrently, Moody's has assigned a B1 instrument rating to the
new GBP425 million senior secured notes due 2026 issued by the
company. The outlook is stable.

The rating action follows the announcement by Entertainment One on
12 June 2018 of its intention to issue GBP425 million senior
secured notes due 2026 to (1) refinance the company's existing
GBP355 million senior secured notes due 2022 (unaffected), (2) pay
the GBP12 million early redemption costs on the existing notes, (3)
repay the outstanding GBP52 million term loan, and (4) pay
transaction costs. Moody's will withdraw the rating on the existing
GBP355 million senior secured notes due 2022 following their
repayment.

RATINGS RATIONALE

"Whilst the transaction is relatively leverage neutral, Moody's
positively views the fact that the refinancing of the existing
senior secured notes due 2022 by the new senior secured notes due
2026 will improve the company's maturity profile", says Sebastien
Cieniewski, Moody's lead analyst for Entertainment One.

Entertainment One's Ba3 CFR is supported by (1) the company's
diversified content investment portfolio which limits the risks
associated with the success of individual content releases, (2) the
strong relationships with production companies, cinemas, retail
distributors and media platforms, that allow the company to
monetize content rights across all media windows, (3) the projected
growth of demand for content driven by broadcast networks and
digital platforms, including Netflix, Inc. (Ba3 stable) and Amazon
Prime Video, a subsidiary of Amazon.com, Inc. (A3, positive), and
(4) the company's adequate liquidity position and predictable
financial policy with a target of maintaining net leverage (as
reported by the company) at between 1.0x and 2.0x over the
medium-term.

However, Entertainment One's rating remains constrained by (1) the
limited scale of the business relative to major US and
international studios which are often part of large and diversified
corporate groups, (2) the potential volatility in earnings and
credit metrics based on the quality of the film release slate and
television content and significant seasonality with a concentration
of earnings in the second half of the fiscal year, and (3) and the
lack of de-leveraging over the medium-term projected by Moody's
driven by sustained investment in production to be partly funded
with incremental debt and bolt-on acquisitions.

In the fiscal year (FY) ended March 31, 2019, Entertainment One
reported a 9% decline in revenue to GBP941 million. The decline was
driven by lower revenues in the Film, Television & Music division
(-13% compared to prior FY) resulting from fewer film releases,
home entertainment market decline and scripted television slate
composition partly offset by a strong growth in music revenue. On
the other hand, the Family & Brands division continued experiencing
a strong growth -- 28% increase compared to prior FY -- driven by
the success of Peppa Pig and PJ Masks among others. Despite the
revenue decline, Entertainment One increased its underlying EBITDA
(as reported by the company) by 21% in FY 2019 compared to prior FY
to GBP197.6 million supported by its two divisions. In particular,
the EBITDA increase in the Film, Television & Music division was
driven by the improved profitability, increased income from
royalties from television library participations, increased music
revenue and operating cost savings of around GBP5 million.

Thanks to the earnings growth, Entertainment One experienced an
improvement in adjusted gross leverage (as adjusted by Moody's
mainly for production financing, operating leases, share-based
payments, and one-off items) to 3.6x as of 31 March 2019 (pro forma
for the acquisition of Audio Networks) from 4.0x in prior year. Pro
forma for the refinancing transaction, adjusted gross leverage was
slightly higher at 3.7x of the end of FY 2019. Moody's does not
forecast any significant de-leveraging over the next 2 years and
expects leverage to remain at around 4.0x based on the rating
agency's expectation of sustained investment in production to be
partly funded with debt and track record of bolt-on acquisitions.

Moody's considers that Entertainment One has an adequate liquidity
position. Liquidity is supported by GBP129.8 million of cash on
balance sheet (or GBP74 million excluding cash held by production
subsidiaries) and GBP156.8 million availability under the GBP200
million equivalent super-senior revolving credit facility (RCF) due
December 2023.

Entertainment One's probability of default rating of Ba3-PD is at
the same level as the corporate family rating, reflecting the
recovery rate of 50% typically expected by us for a capital
structure that consists of a mix of bank credit facilities and bond
debt. The company's GBP200 million equivalent super senior RCF (due
December 2023) has been ranked highest in priority of claims,
reflecting the company's priority of payment at the time of
enforcement. The new GBP425 million senior secured notes due 2026
issued by Entertainment One are ranked second in priority of claims
and rated B1, one notch below the CFR, reflecting the sizeable RCF
ranking.

RATIONALE FOR THE STABLE OUTLOOK

The stable outlook is based on Moody's expectation that the company
will maintain strong operating momentum with credit metrics
remaining comfortably positioned at the Ba3 rating and that the
company will return to positive revenue growth from FY2020 driven
by a return to growth of its Film, Television & Music division.

WHAT COULD CHANGE THE RATING UP/DOWN

Upward rating pressure may arise if (1) Entertainment One maintains
a highly diversified content investment portfolio, (2) gross
leverage (as adjusted by Moody's) decreases to below 3.0x on a
sustainable basis, (3) the company generates a positive free cash
flow (after capital spending and dividends) while increasing the
value of its content library, and (4) the company maintains a
strong liquidity position.

Negative rating pressure may develop if (1) Entertainment One
experiences a marked deterioration in operating performance, (2)
gross leverage (as adjusted by Moody's) is sustained at well above
4.0x due to debt-financed acquisitions or weak operating results,
or (3) the company generates negative free cash flow leading to a
deterioration of its liquidity position.

LIST OF AFFECTED RATINGS

Assignments:

Issuer: Entertainment One Ltd.

Senior Secured Regular Bond/Debenture, Assigned B1

Affirmations:

Issuer: Entertainment One Ltd.

Corporate Family Rating, Affirmed Ba3

Probability of Default Rating, Affirmed Ba3-PD

Outlook Actions:

Issuer: Entertainment One Ltd.

Outlook, Remains Stable

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

COMPANY PROFILE

Entertainment One is a global independent studio that specializes
in the development, acquisition, production, financing,
distribution and sale of entertainment content. The company's
library of rights includes around 80,000 hours of film and
television content and around 40,000 music tracks. The company also
owns 85% of the intellectual property in Peppa Pig as well as
exclusive worldwide distribution rights. The content library is
independently valued at USD2,000 million (as of 31 March 2018). The
company is listed on the London Stock Exchange and is a member of
the FTSE 250 Index. The company's largest shareholder, Canada
Pension Plan Investment Board, holds 17.5% of the outstanding
shares.


FALCON V: Unknown Recovery for Unsecured Creditors Under Plan
-------------------------------------------------------------
Falcon V, LLC, and affiliates filed a disclosure statement for its
joint chapter 11 plan of reorganization dated June 4, 2019.

The Debtors are commencing the solicitation after extensive
discussions over the past several months with certain of their key
creditor constituencies, the proceedings within a necessary chapter
11 bankruptcy process, and the agreement among the Debtors and
certain creditor constituencies as to the best restructuring
objective. As a result of these negotiations, the Debtors and the
Prepetition Secured Parties agreed to a deleveraging transaction
that would restructure the existing debt obligations of the Debtors
in chapter 11 proceedings through the Plan (the "Restructuring").

The Restructuring proposed by the Debtors will provide substantial
benefits to the Debtors and their stakeholders, including, without
limitation, the following:

   -- The Restructuring will leave the Debtors' business intact and
substantially de-levered, providing for the reduction of a
substantial amount of debt, a restructured balance sheet through
the issuance of the New Equity Interests to each Holder of an
Allowed Prepetition Lender Secured Claim and/or DIP Claims.

   -- The Debtors' significantly improved balance sheet will enable
the Reorganized Debtors to pursue value-creating development and
exploration, maintain current reserves, and accelerate drilling
activity. The continuation of the Debtors' business, including the
ability to participate in future exploration activities will
provide benefit by way of: maintaining contractual relationships
among working interest owners; continued participation by the
Debtors in funding their portion of operating and development costs
for drilling, exploration, and production operations; and continued
compliance with decommissioning and plugging and abandonment
obligations.

   -- The Restructuring will also provide the basis moving forward
for the Reorganized Debtors to continue to do business with many
current vendors and suppliers providing economic contribution to
the vendor and supplier community.

   -- The Restructuring will provide (through the use of collateral
securing the DIP Claims and the Prepetition Lender Secured Claim)
recovery to certain Classes of Claims that could expect no recovery
if the Debtors were liquidated under chapter 7 of the Bankruptcy
Code, or if the Holder of the Prepetition Lender Secured Claim were
to exercise foreclosure rights. Absent the consent of the
Prepetition Lenders, the Class 2 Cash Distribution would otherwise
not be available to Holders of Allowed General Unsecured Claims.
Further, assuming Class 2 votes to accept the Plan, the Prepetition
Lenders have agreed to waive the Prepetition Lender Deficiency
Claims and the Prepetition Lender Adequate Protection Claim. Waiver
of these claims allows for a greater recovery to be available to
holders of claims in Class 2. Estimated recovery for general
unsecured claimants is unknown.

A copy of the Disclosure Statement is available at
https://tinyurl.com/y6h45hox from Pacermonitor.com at no charge.

                      About Falcon V

Falcon V and ORX Resources are engaged in the oil and gas
extraction business.

Falcon V and ORX Resources have filed voluntary petitions seeking
relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. La.
Case No. 19-10547 and 19-10548) on April 10, 2019. The petitions
were signed by James E. Orth, president and chief executive
officer.

At the time of filing, Falcon V estimated $10 million to $50
million in assets and  $50 million to $100 million in liabilities
and ORX Resources estimated $100,000 to $500,000 in assets and $10
million to $50 million in liabilities.

Louis M. Phillips, Esq., at Kelly Hart & Pitre, represents the
Debtor as counsel.             

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on May 21, 2019.


GARDEN OF EDEN: July 17 Plan Confirmation Hearing
-------------------------------------------------
The Disclosure Statement explaining the Chapter 11 Plan of Garden
of Eden Enterprises, Inc., Broadway Specialty Food, Inc., Coskun
Brothers Specialty, and Garden of Eden Gourmet Inc., is approved.

A hearing on the acceptances and rejections of the Plan, on
confirmation of the Plan and on any objections as may be made to
confirmation of the Plan will be held on July 17, 2019, at 10:00
a.m., at the United States Bankruptcy Court, Southern District of
New York, One Bowling Green, New York, New York 10004, Court Room
of the Honorable James L. Garrity, United States Bankruptcy Judge.

Objections, if any, to the Plan shall be in writing, will be served
and filed no later than July 10, 2019, prevailing Eastern time.

On July 10, 2019 at 5:00 p.m., is fixed as the last day for receipt
of Ballots with respect to acceptances or rejections of the Plan.

             About Garden of Eden Enterprises

Garden of Eden Enterprises, Inc., Broadway Specialty Food, Inc.,
Coskun Brothers Specialty, and Garden of Eden Gourmet Inc. filed
Chapter 11 petitions (Bankr. S.D.N.Y. Case Nos. 16-12488, 16-12490,
16-12491, 16-12492, respectively) on Aug. 29, 2016. The petitions
were signed by Mustafa Coskun, president.  The cases are assigned
to Judge James L. Garrity Jr.

Doing business as Garden of Eden, the Debtors operate three upscale
full-service specialty-food retail stores at leased premises in New
York.  Garden of Eden Enterprises is the parent operating company
of the Debtors, and maintains its place of business at 720 Anderson
Avenue, Cliffside Park, New Jersey 07010.

Clifford A. Katz, Esq., and Scott K. Levine, Esq., of Platzer,
Swergold, Levine, Goldberg, Katz & Jaslow, LLP, serve as counsel to
the Debtors.

The Debtors disclosed $8.05 million in assets and $8.29 million in
liabilities.

U.S. Trustee William K. Harrington on Sept. 15, 2016, appointed
three creditors to serve on the official committee of unsecured
creditors.  The Committee retained Sullivan & Worcester LLP as
counsel.


GEIST SPORTS: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The Office of the U.S. Trustee on June 14 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Geist Sports Academy, LLC.

                  About Geist Sports Academy

Geist Sports Academy, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Ind. Case No. 19-03303) on May 8, 2019, disclosing
under $1 million in both assets and liabilities.  The Debtor hired
Redman Ludwig, P.C. as its legal counsel.


GLOBAL EAGLE: Nantahala Capital Has 31.2% Stake as of June 4
------------------------------------------------------------
Nantahala Capital Management, LLC, Wilmot B. Harkey, and Dan Mack
disclosed in a Schedule 13G/A filed with the U.S. Securities and
Exchange Commission that as of June 4, 2019, they beneficially own
28,835,876 shares of common stock of Global Eagle Entertainment
Inc., which represents 31.2 percent (based upon information
provided by the Issuer on Form 10-Q filed May 15, 2019, there were
92,367,593 Shares outstanding as of May 9, 2019).

Nantahala Capital Partners SI, LP, a fund advised by Nantahala, has
the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, approximately
16.6% of the outstanding shares of common stock beneficially owned
by Nantahala but neither holds nor has any right to acquire voting
or investment power with respect thereto.

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

                      https://is.gd/39TDRY

                       About Global Eagle

Headquartered in Los Angeles, California, Global Eagle --
http://www.GlobalEagle.com/-- is a provider of media, content,
connectivity and data analytics to markets across air, sea and
land.  Global Eagle offers a fully integrated suite of rich media
content and seamless connectivity solutions to airlines, cruise
lines, commercial ships, high-end yachts, ferries and land
locations worldwide.  The Company has approximately 1,200 employees
and 50 offices on six continents.

Global Eagle incurred a net loss of $236.6 million for the year
ended Dec. 31, 2018, compared to a net loss of $357.1 million for
the year ended Dec. 31, 2017.  As of March 31, 2019, Global Eagle
had $734.9 million in total assets, $998.98 million in total
liabilities, and a total stockholders' deficit of $264.1 million.

                           *    *    *

In April 2019, S&P Global Ratings lowered all ratings on Global
Eagle, including the ICR to 'CCC', to reflect its view that the
company is currently vulnerable to nonpayment over the next 12
months and is dependent on favorable business, financial, and
economic conditions to meet its financial commitments.


GOLDEN STATE: S&P Assigns B- Issuer Credit Rating; Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issuer credit rating to Golden
State Buyer Inc. (dba Golden State Medical Supply Inc.), a supplier
of generic drugs to the U.S. Department of Veterans Administration
(VA) and Department of Defense (DoD).

GSMS is being acquired by Court Square Capital Partners in a
debt-funded transaction.  The company's pro forma capital structure
will include a $40 million, five-year revolving credit facility,
undrawn at close; a $300 million, seven-year senior secured
first-lien term loan; and a $130 million, eight-year senior secured
second-lien term loan.  After the transaction, S&P expects GSMS'
2019 leverage will be about 6.8x, slightly improving to 6.2x in
2020.  

Meanwhile, S&P assigned its 'B-' issue-level rating and '3'
recovery rating to the company's first-lien debt and assigned its
'CCC' issue-level rating and '6' recovery rating to its second-lien
debt.

The ratings reflect GSMS' small size and very narrow business focus
in a niche market of reselling generic drugs to the VA and DoD.
These weaknesses are only partially offset by GSMS' leading
position within its niche market, numerous partnerships with
generic manufacturers, and significant expertise and extensive
relationships within the complex federal government contract
procurement process. The ratings also reflect S&P's expectation
that the leverage ratio will increase to 6.8x in 2019 and slightly
improve to 6.2x in 2020. The rating agency also anticipates annual
discretionary cash flow of between $10 million-$15 million over the
next two years.

The stable outlook reflects S&P's expectation that, despite
steadily increasing revenue and EBITDA along with positive cash
flow generation, GSMS' adjusted leverage will remain above 5x in
the long term. S&P expects the company's financial sponsor to
prioritize shareholder returns over debt repayment.

"We could lower our rating if GSMS' operating performance is
affected by a meaningful event leading to sustained, persistent
cash flow deficits without prospects for improvement. A change in
the government's procurement process that significantly impairs
GSMS' ability to compete on contracts or significant VA or DoD
budget cuts for generic drugs could lead to such a scenario," S&P
said. "We could also lower our rating if the attractive discounts
its receives from its primary distributor are adversely revised,
materially contracting margins and sustaining cash flow deficits,
leading us to believe that the company's capital structure is
unsustainable."

Although unlikely in the near term, S&P said it could raise its
rating if sales growth accelerates to a double-digit percentage
rate, leading to improved operating leverage and material EBITDA
margin expansion, which would sustain improved discretionary free
cash flow over $15 million and adjusted leverage below 6x.


HERZ HERZ & REICHLE: U.S. Trustee Forms 2-Member Committee
----------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on June 14 appointed
two creditors to serve on the official committee of unsecured
creditors in the Chapter 11 case of Herz, Herz & Reichle Inc.

The committee members are:

     (1) Canaan Valley Public Service District
         Receiver for Timerline Four Seasons Utilities, Inc.
         P.O. Box 487
         Davis, WV 26260
         Attn: Robert Metzer, Chairman of CVPSD
         Tel: (304) 866-2366
         Fax: (304) 866-3453
         Email: cvpsd.receiverforT4SUgmail.com

     (2) Canaan Valley Gas Company, Inc.
         P.O. Box 250
         Beverly, WV 26253
         Attn: Arden Swecker, President
         Tel: (304) 637-5872
         Fax: (304) 637-5873
         Email: arden@canaanvalleygas.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 Herz, Herz & Reichle Inc.

Herz, Herz & Reichle, Inc and its subsidiaries are privately held
companies in Davis, W.Va. that operate in the real estate
development industry.

Herz, Herz & Reichle Inc., Long Run Realty, Inc. and Timberline
Four Seasons Resort sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Pa. Case Nos. 19-12771, 19-12773 and
19-12775) on April 30, 2019.

At the time of the filing, Herz disclosed assets of between $1
million and $10 million and liabilities of the same range.  Long
Run Realty and Timberline Four each had estimated assets of between
$1 million and $10 million and liabilities of between $1 million
and $10 million.  

The cases have been assigned to Judge Jean K. FitzSimon.  The
Debtors are represented by Ciardi Ciardi & Astin, P.C.


HORIZON GLOBAL: Moody's Lowers CFR to C, Outlook Stable
-------------------------------------------------------
Moody's Investors Service downgraded Horizon Global Corporation's
Corporate Family Rating to C from Caa3, its Probability of Default
Rating to C-PD from Caa3-PD and the senior secured first lien term
loan rating to Caa3 from Caa2. Moody's also affirmed the company's
SGL-4 Speculative Grade Liquidity. The outlook is stable.

The downgrade reflects Moody's expectations that modest earnings
improvement will not be sufficient to reduce leverage to a
sustainable level and that the sale of the Asia-Pacific segment
will, while reducing secured leverage, increase total leverage and
create greater reliance on a quick turnaround in the more weakly
performing U.S. and European operations to diminish restructuring
risk.

"Horizon continues to experience issues maintaining topline and
managing its costs partially due to softness in some of its
end-markets," said Inna Bodeck, Moody's lead analyst for the
company. "While the sale of the Asia-Pacific business should
provide sufficient funds to meet the March 2020 required $100
million term loan payment, liquidity beyond that point is still
weak because Horizon has significant maturities in 2021."

On June 7, 2019 Horizon announced that it has initiated a formal
process to explore the sale of its Asia- Pacific business segment
in order to meet the requirement of its March 2019 amendment to pay
down the first lien term loan by $100 million by May 15, 2020.
Moody's believes that Horizon will generate enough interest to
comfortably make this payment on the term loan as the division has
experienced continued performance improvement. The Asia-Pacific
business segment's reported EBITDA increased to $25.6 million in
FYE 2018 as compared to $15.3 million in FYE 2016.

Moody's took the following rating actions on Horizon Global
Corporation:

Ratings downgraded:

Corporate Family Rating, downgraded to C from Caa3;

Probability of Default Rating, downgraded to C-PD from Caa3-PD;

$210 million ($188 million remaining amount) senior secured first
lien term loan due 2021, downgraded to Caa3 (LGD3) from Caa2
(LGD3)

Ratings affirmed:

Speculative Grade Liquidity, affirmed at SGL-4

Outlook Action:

Outlook, changed to Stable from Negative

RATINGS RATIONALE

Horizon's C CFR broadly reflects the company's very high
debt-to-EBITDA leverage (12.3x as of LTM 3/31/2019) and continued
liquidity concerns despite modest earnings improvements. Liquidity
remains weak because of the expiration of the ABL in June 2020 and
the secured debt in 2021, expectation of substantially negative
free cash flow, continued constrained availability under the ABL
because of covenants, and elevated risk of violating the first lien
term loan minimum fixed charge ratio. Moody's believes that the
sale of the Asia-Pacific segment will occur at a multiple below the
current leverage and thus create further upward pressure on an
already unsustainable leverage level. Horizon will be challenged to
address its maturities at a manageable cost absent a significant
improvement in earnings for the remaining businesses. Moody's views
this as unlikely in the short time frame given current softness in
some end markets and negative free cash flow in 2019, and this
creates high debt restructuring risk. The C rating also reflects
Moody's view for a roughly 50% family recovery in the event of a
default factoring in some improvement in earnings in 2019.

The stable outlook reflects the extremely high risk of default
given weak liquidity and significant maturities in 2020 and 2021.

The ratings could be upgraded if the company stabilizes its
operating performance and realizes sufficient sustained
improvements in earnings, including gaining traction with actions
to resolve issues in the Europe-Africa region, improves free cash
flow and meaningfully reduces leverage. The company would also need
to improve liquidity including addressing upcoming maturities to be
considered for an upgrade.

Ratings could be downgraded if recovery prospects weaken.

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

Horizon, headquartered in Troy, Michigan, is a publicly-traded
manufacturer and distributor of towing, trailer, cargo management
and other products primarily for the automotive market. Revenue for
the last twelve months ended March 2019 was approximately $843
million with a presence in the Americas (47% of LTM 3/31/2019
revenue), Europe (38%) and Asia (15%). The company was spun off
from Tri-Mas in 2015 and has experienced operational issues since
the acquisition of Westfalia in 2016 and transitioning its main
Americas retail and aftermarket distribution center to Kansas City
from South Bend and Dallas at the end of 2017.


JAGUAR HEALTH: Issues 349,275 Shares of Common Stock
----------------------------------------------------
Jaguar Health, Inc., entered into privately negotiated exchange
agreements on June 10, 2019, with a holder of one of its
outstanding secured promissory notes, which resulted in the
aggregate issuance by the Company of more than 5% of the Company's
issued and outstanding shares of common stock, as last reported in
the Company's Form 10-Q filed May 21, 2019.

From May 21, 2019 through June 11, 2019, the Company issued 349,275
shares of Common Stock in the following transactions:

On May 29, 2019, pursuant to an exchange agreement dated May 29,
2019, the Company issued 25,210 shares of Common Stock to a
noteholder in exchange for a $300,000 reduction in the outstanding
balance of the secured promissory note held by such noteholder.

On June 3, 2019, pursuant to an exchange agreement dated June 3,
2019, the Company issued 21,632 shares of Common Stock to a
noteholder in exchange for a $250,000 reduction in the outstanding
balance of the secured promissory note held by such noteholder.

On June 10, 2019, pursuant to exchange agreements dated June 10,
2019, the Company issued 78,683 shares of Common Stock to a
noteholder in exchange for a $550,000 reduction in the outstanding
balance of the secured promissory note held by such noteholder.

On June 11, 2019, pursuant to exchange agreements dated June 11,
2019, the Company issued 223,750 shares of Common Stock to a
noteholder in exchange for a $1,669,175 reduction in the
outstanding balance of the secured promissory note held by such
noteholder.

The shares of Common Stock that were exchanged for portions of the
secured promissory note in the transactions described above were
issued in reliance on the exemption from registration provided
under Section 3(a)(9) of the Securities Act.

The Company expects to file the form of Exchange Agreement as an
exhibit to its Quarterly Report on Form 10-Q for the fiscal quarter
ended June 30, 2019.

                     About Jaguar Health

Jaguar Health, Inc. -- http://www.jaguar.health/-- is a commercial
stage pharmaceuticals company focused on developing novel,
sustainably derived gastrointestinal products on a global basis.
Its wholly-owned subsidiary, Napo Pharmaceuticals, Inc., focuses on
developing and commercializing proprietary human gastrointestinal
pharmaceuticals for the global marketplace from plants used
traditionally in rainforest areas.  Jaguar Health's principal
executive offices are located in San Francisco, California.

Jaguar Health reported a net loss of $32.14 million for the year
ended Dec. 31, 2018, compared to a net loss of $21.96 million for
the year ended Dec. 31, 2017.  As of March 31, 2019, Jaguar Health
had $40.66 million in total assets, $24.86 million in total
liabilities, $9 million in series A convertible preferred stock,
and $6.79 million in total stockholders' equity.

BDO USA, LLP, in San Francisco, California, the Company's auditor
since 2013, issued a "going concern" opinion in its report dated
April 10, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has
suffered recurring losses from operations and an accumulated
deficit that raise substantial doubt about its ability to continue
as a going concern.


KADMON HOLDINGS: Stockholders Elect Seven Directors
---------------------------------------------------
At the 2019 Annual Meeting Kadmon Holdings, Inc., which was held on
May 15, 2019, the stockholders elected Harlan W. Waksal, M.D.,
Tasos G. Konidaris, Eugene Bauer, M.D., Dixon D. Boardman, Cynthia
Schwalm, David E. Cohen, M.D. MPH, and Arthur Kirsch to the
Company's Board of Directors to hold office for terms to expire in
one year or until their successors are elected and qualified.

The proposal to ratify the selection of BDO USA, LLP as the
Company's independent registered public accounting firm for the
fiscal year ending Dec. 31, 2019 was approved.

The stockholders also approved an amendment to the Company's
Certificate of Incorporation to increase the number of authorized
shares of common stock from 200,000,000 to 400,000,000.

                       About Kadmon Holdings

Based in New York, Kadmon Holdings, Inc. -- http://www.kadmon.com/
-- is a fully integrated biopharmaceutical company developing
innovative product candidates for significant unmet medical needs.
The Company's product pipeline is focused on autoimmune,
inflammatory and fibrotic diseases as well as immuno-oncology.

Kadmon reported a net loss attributable to common stockholders of
$56.26 million for the year ended Dec. 31, 2018, compared to a net
loss attributable to common stockholders of $81.69 million for the
year ended Dec. 31, 2017.  As of March 31, 2019, Kadmon Holdings
had $198.23 million in total assets, $75.02 million in total
liabilities, and $123.20 million in total stockholders' equity.

BDO USA, LLP, in New York, the Company's auditor since 2010, issued
a "going concern" opinion in its report on the consolidated
financial statements for the year ended Dec. 31, 2018, stating that
the Company has incurred recurring losses from operations and
expects such losses to continue in the future. Additionally, the
Company's debt agreement is subject to covenants that could
accelerate the repayment of that debt if breached.  These factors
raise substantial doubt about the Company's ability to continue as
a going concern.


KAISER GYPSUM: Discloses Settlement of Environmental Liabilities
----------------------------------------------------------------
Kaiser Gypsum Company, Inc. and Hanson Permanente Cement, Inc.,
Lehigh Hanson, the Asbestos Personal Injury Committee and the
Future Claimants' Representative filed a third amended joint plan
of reorganization and accompanying disclosure statement to
disclose, among other things, a comprehensive settlement of the
Debtors' primary environmental liabilities.

The Debtors have reached a comprehensive settlement of their
primary environmental liabilities, and certain components of the
comprehensive settlement remain subject to the approval of the
Bankruptcy Court.  In particular, the Bankruptcy Court has already
approved the Debtors' settlements with:

   (a) Armstrong, pursuant to which Armstrong will withdraw its
proofs of claim and pay $1 million to the Debtors,

   (b) Owens Corning, pursuant to which Owens Corning's proofs of
claim will be deemed withdrawn and Owens Corning will be deemed to
waive and release any claims against the Debtors related to the St.
Helens site,

   (c) the DEQ, which is subject to the entry of a consent judgment
in a form acceptable to the parties, and pursuant to which the
Debtors agreed to liquidate and pay in full an allowed general
unsecured claim in amount of $67 million,

   (d) the City of Seattle, pursuant to which the City of Seattle
will have an allowed general unsecured claim in the amount of
$80,951.87 against each of the Debtors,

   (e) the Port of Seattle, pursuant to which the Port of Seattle
will have an allowed general unsecured claim in the amount of
$81,815.22 against each of the Debtors,

   (f) King County, Washington, pursuant to which King County,
Washington will have an allowed general unsecured claim in the
amount of $85,255.87 against each of the Debtors and

   (g) The Boeing Company, pursuant to which The Boeing Company
will have an allowed general unsecured claim in the amount of
$137,500.00 against each of the Debtors.

Class 3 General Unsecured Claims are unimpaired.  On the Effective
Date, each holder of an Allowed Claim in Class 3 shall receive cash
in an amount equal to such Allowed Claim including any
post-petition interest as ordered by the Bankruptcy Court unless
the holder of such Claim agrees to less favorable treatment.

Class 4 Asbestos Personal Injury Claims are impaired. On the
Effective Date, all Asbestos Personal Injury Claims shall be
channeled to the Asbestos Personal Injury Trust, which shall be
funded pursuant to the Plan. All Asbestos Personal Injury Claims
shall be resolved pursuant to the terms of the Plan, the Asbestos
Personal Injury Trust Agreement, the Asbestos Personal Injury Trust
Distribution Procedures and any other Asbestos Personal Injury
Trust Document.

A full-text copy of the Third Amended Disclosure Statement dated
May 30, 2019, is available at https://tinyurl.com/yxstbx8t from
PacerMonitor.com at no charge.

A redlined version of the Third Amended Disclosure Statement dated
May 30, 2019, is available at https://tinyurl.com/yythujho from
Prime Clerk at no charge.

Attorneys for the FCR are Edwin Harron, Esq., and Sharon Zieg,
Esq., at Young Conaway Stargatt & Taylor, LLP, in Wilmington,
Delaware; and Felton Parrish, Esq., at Hull & Chandler, in
Charlotte, North Carolina.

Attorneys for the PI Committee are Kevin Maclay, Esq., and Todd E.
Phillips, Esq., at Caplin & Drysdale, Chartered, in Washington,
D.C., and Sally Higgins, Esq., at Higgins & Owens, in Charlotte,
North Carolina.

Attorney for Lehigh Hanson is Ben Hawfield, Jr., Esq., at Moore &
Van Allen, in Charlotte, North Carolina.

Attorneys for the Debtors are C. Richard Rayburn, Jr.. Esq., and
John R. Miller, Jr., Esq., at Rayburn Cooper & Durham, P.A., in
Charlotte, North Carolina; and Gregory M. Gordon, Esq., Paul M.
Green, Esq., and Amanda S. Rush, Esq., at Jones Day, in Dallas,
Texas.

                    About Kaiser Gypsum

Kaiser Gypsum Company, Inc., and affiliate Hanson Permanente
Cement, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D.N.C. Case Nos. 16-31602 and 16-10414) on Sept. 30,
2016.  The petitions were signed by Charles E. McChesney, II,
vice-president and secretary.

The companies are represented by Rayburn Cooper & Durham P.A. and
Jones Day.  Cook Law Firm, P.C. and K&L Gates LLP serve as special
insurance counsel; NERA Economic Consulting as consultant; Miller
Nash Graham & Dunn LLP as special environmental and insurance
counsel; and PricewaterhouseCoopers LLP as financial advisors.

At the time of the bankruptcy filing, Kaiser and Hanson estimated
their assets and liabilities at $100 million to $500 million.

Kaiser's principal business consisted of manufacturing and
marketing gypsum plaster, gypsum lath and gypsum wallboard.  The
company has no current business operations other than managing its
legacy asbestos-related and environmental liabilities.  The company
has no material tangible assets.

HPCI's primary business was the manufacture and sale of Portland
cement products. It is a wholly-owned, indirect subsidiary of
non-debtor Lehigh Hanson, Inc.

HPCI is the direct parent of Kaiser Gypsum as well as non-debtor
Hanson Micronesia Cement, Inc. and non-debtor Hanson Permanente
Cement of Guam, Inc., the operating subsidiaries.  Non-debtor
Permanente Cement Company, which has no assets or operations, is
also a wholly-owned subsidiary of HPCI.

The Office of the U.S. Trustee appointed three creditors to serve
on the official committee of unsecured creditors in the Chapter 11
case of Kaiser Gypsum Company, Inc.  The Creditors Committee hired
Blank Rome LLP as counsel, and Moon Wright & Houston, PLLC.

An Official Committee of Asbestos Personal Injury Claimants
retained Caplin & Drysdale, Chartered, as its counsel.

Lawrence Fitzpatrick, the Future Claimants' Representative, tapped
Ankura Consulting Group, LLC as his claims evaluation consultant;
Young Conaway Stargatt & Taylor, LLP as attorney; and Hull &
Chandler, P.A. as local counsel.


KEYW CORP: Moody's Withdraws B2 CFR on Debt Repayment
-----------------------------------------------------
Moody's Investors Service withdrew all the ratings of The KeyW
Corporation, including the B2 corporate family rating.

RATINGS RATIONALE

On June 12, 2019, Jacobs Engineering Group Inc. completed its
acquisition of KeyW. As a result of the acquisition, KeyW's rated
debts were repaid.

Withdrawals:

Issuer: KeyW Corporation (The)

Corporate Family Rating, Withdrawn , previously rated B2

Probability of Default Rating, Withdrawn , previously rated B2-PD

Speculative Grade Liquidity Rating, Withdrawn , previously rated
SGL-3

Senior Secured 1st Lien Bank Credit Facility, Withdrawn ,
previously rated B1 (LGD3)

Senior Secured 2nd Lien Bank Credit Facility, Withdrawn ,
previously rated Caa1 (LGD5)

Outlook Actions:

Issuer: KeyW Corporation (The)

Outlook, Changed To Rating Withdrawn From Stable

The KeyW Corporation provides advanced engineering and technology
solutions that includes collection, processing, analysis and
dissemination to support the intelligence, cyber and
counterterrorism communities' mission. Revenues were $507 million
in 2018.


LBU FRANCHISES: July 31 Hearing on Plan Confirmation
----------------------------------------------------
The Court has considered LBU Franchises Corporation's Motion for
Determination that a Separate Disclosure Statement explaining its
Chapter 11 Plan is unnecessary.

The hearing on the Plan's confirmation is fixed as July 31, 2019 at
11:00 a.m.

The last day for filing objections to the Plan is fixed as July 19,
2019.

The last day for voting is fixed as July 12, 2019.

A full-text copy of the Plan is available at
https://tinyurl.com/yy7mz3h5 from PacerMonitor.com at no charge.

                 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.


LEGACY JH762: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
Legacy JH762, LLC, according to court dockets.
    
                      About Legacy JH762 LLC

Legacy JH762, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 19-16308) on May 13,
2019.  At the time of the filing, the Debtor disclosed $5,100,100
in assets and $3,456,044 in liabilities.  

The case has been assigned to Judge Mindy A. Mora.  The Debtor is
represented by David L. Merrill, Esq., at The Associates.


LEGACY RESERVES: Executes Global Restructuring Support Agreement
----------------------------------------------------------------
Legacy Reserves Inc. (NASDAQ: LGCY) on June 14, 2019, disclosed
that its board of directors has approved, and the Company has
executed, a global restructuring support agreement (the "Global
RSA") with its lenders under its reserve based revolving credit
facility ("RBL Lenders"), its lenders under its second lien term
loan ("Second Lien Lenders"), and a group of the Company's
unsecured noteholders (the "Noteholder Group").  The proposed
financial restructuring will provide the Company with go-forward
liquidity and a right-sized pro forma capital structure while
minimizing operational disruptions by ensuring trade creditors will
be paid in full.

The Company previously announced that it executed a restructuring
support agreement with the RBL Lenders and Second Lien Lenders on
June 10, 2019, but was continuing active discussions with the
Noteholder Group regarding the terms for their support of the
Company's financial restructuring.  The Global RSA represents a
broad agreement of creditor constituencies across all tranches of
the Company's capital structure on the terms of a pre-arranged plan
of reorganization (the "Plan") that the parties have agreed to
support.   The Global RSA contemplates a $256.3 million backstopped
equity commitment and rights offering, $500 million in committed
exit financing from certain of the existing RBL Lenders, the
equitization of approximately $797.2 million of principal
outstanding debt, a potential additional equity investment of $125
million, and payment in full of the Company's trade and other
unsecured creditors.  The Company expects to file voluntary
petitions for reorganization in the United States Bankruptcy Court
for the Southern District of Texas (the "Court") to facilitate the
financial restructuring and implement the Plan contemplated by the
Global RSA.  Consummation of the Plan, including the infusion of
new equity, will be subject to confirmation by the Court in
addition to the other conditions to be set forth in the Plan and
related transaction documents.

As previously announced, the Company will continue to operate its
business in the normal course without material disruption to its
vendors, partners or employees, and expects to have sufficient
liquidity to meet its financial obligations during the
restructuring.  The Company has secured commitments for debtor-in
possession ("DIP") financing from certain of its existing RBL
Lenders, including Wells Fargo Bank, National Association that,
subject to Court approval, will refinance portions of the Company's
existing reserve-based credit facility and provide an additional
$100 million of revolving, new money financing to support the
Company's day-to-day operations and finance the restructuring
process.

Dan Westcott, Chief Executive Officer of the Company, said, "After
exploring all options and months of negotiations, we are very
pleased to have reached an agreement for a consensual restructuring
with our RBL Lenders, Second Lien Lenders and the Noteholder Group.
We believe that the restructuring contemplated by the Global RSA
will provide us with the capital structure and liquidity to compete
and grow in today's challenging oil and gas environment.  We plan
to continue working with our creditor constituencies to move
through the restructuring process expeditiously with minimal
operational disruptions."

Perella Weinberg Partners and its affiliate, Tudor Pickering Holt &
Co., is acting as financial advisor for the Company, Sidley Austin
LLP is acting as legal advisor, and Alvarez & Marsal is acting as
restructuring advisor.  PJT Partners LP is acting as financial
advisor the Second Lien Lenders, and Latham & Watkins LLP is acting
as legal advisor.  Houlihan Lokey is acting as financial advisor
for the Noteholder Group, and Davis Polk & Wardwell LLP is acting
as legal advisor.  RPA Advisors, LLC is acting as financial advisor
to Wells Fargo Bank, as administrative agent for the RBL Lenders,
and Orrick Herrington & Sutcliffe LLP is acting as legal advisor.

For inquiries regarding the restructuring, please call the hotline
established by the Company's noticing agent, Kurtzman Carson
Consultants LLC, at (866) 967-0495 (toll-free domestic) or (310)
751-2695 (international).

                       About Legacy Reserves

Legacy Reserves Inc. -- http://www.legacyreserves.com/-- is an
independent energy company engaged in the development, production
and acquisition of oil and natural gas properties in the United
States.  Its current operations are focused on the horizontal
development of unconventional plays in the Permian Basin and the
cost-efficient management of shallow-decline oil and natural gas
wells in the Permian Basin, East Texas, Rocky Mountain and
Mid-Continent regions.

Perella Weinberg Partners and its affiliate, Tudor Pickering Holt &
Co., is acting as financial advisor for the Company, Sidley Austin
LLP is acting as legal advisor, and Alvarez & Marsal is acting as
restructuring advisor.  PJT Partners LP is acting as financial
advisor for GSO Capital Partners LP, and Latham & Watkins LLP is
acting as legal advisor.  Kurtzman Carson Consultants LLC is the
claims and noticing agent.


MANHATTAN SCIENTIFICS: Needs More Capital to Remain Going Concern
-----------------------------------------------------------------
Manhattan Scientifics, Inc., filed its quarterly report on Form
10-Q, disclosing a net loss of $436,000 on $0 of revenue for the
three months ended March 31, 2019, compared to a net loss of
$2,828,000 on $0 of revenue for the same period in 2018.

At March 31, 2019, the Company had total assets of $2,402,000,
total liabilities of $1,930,000, and $586,000 in total
stockholders' deficit.

As of March 31, 2019, the Company has cumulative losses totaling
$68,409,000 and negative working capital of $1,877,000.  The
Company incurred a net loss of $436,000 for the three months ended
March 31, 2019.

Chief Executive Officer Emmanuel Tsoupanarias said, "Because of
these conditions, the Company will require additional working
capital to develop business operations.  The Company intends to
raise additional working capital through the continued licensing of
its technology as well as to generate revenues for other services.
There are no assurances that the Company will be able to achieve
the level of revenues adequate to generate sufficient cash flow
from operations to support the Company's working capital
requirements.  To the extent that funds generated are insufficient,
the Company will have to raise additional working capital.  No
assurance can be given that additional financing will be available,
or if available, will be on terms acceptable to the Company.  If
adequate working capital is not available, the Company may not
continue its operations."

Mr. Tsoupanarias further stated, "These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.  The financial statements do not include any
adjustments relating to the recoverability and classification of
asset carrying amounts or the amount and classification of
liabilities that might be necessary should the Company be unable to
continue as a going concern."

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

                       https://is.gd/1byhQg

Manhattan Scientifics, Inc., a technology incubator, develops and
commercializes life-enhancing technologies in the United States. It
develops technologies in the areas of nano-technologies and
nano-medicine. The company was formerly known as Grand Enterprises,
Inc.  Manhattan Scientifics was founded in 1992 and is based in New
York.


MEDCALK INC: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
The Office of the U.S. Trustee on June 17 disclosed in court
filings that no official committee of unsecured creditors has been
appointed in the Chapter 11 cases of MedCalk, Inc. and MedCalk
Enterprises, LLC.

                  About MedCalk Inc. and MedCalk
                          Enterprises LLC

MedCalk, Inc. and MedCalk Enterprises, LLC -- privately held
companies in the car wash business -- sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Case Nos.
19-20206 and 19-20207) on May 6, 2019.  At the time of the filing,
the Debtors disclosed assets of between $1 million and $10 million
and liabilities of the same range.

The cases have been assigned to Judge David R. Jones.  The Debtors
are represented by Adelita Cavada Law.


METRO FINISHES: July 17 Evidentiary Hearing on Plan Confirmation
----------------------------------------------------------------
The Disclosure Statement explaining the Chapter 11 Plan of Metro
Finishes, L.L.C., is conditionally approved.

An evidentiary hearing will be held on July 17, 2019, at 01:00 PM
in Courtroom 6A, 6th Floor, George C. Young Courthouse, 400 West
Washington Street, Orlando, FL 32801.

Any party desiring to object to the disclosure statement or to
confirmation must file its objection no later than seven days
before the date of the Confirmation Hearing.

The debtor must file a ballot tabulation no later than four days
before the date of the Confirmation Hearing.

A full-text copy of the Disclosure Statement is available at
https://tinyurl.com/y5rspve7 from PacerMonitor.com at no charge.

                       About Metro Finishes

Metro Finishes is a Florida limited liability company formed on
Dec. 26, 2001.  Metro Finishes strategically designs and implements
surface finishes, painting techniques, decorative custom artwork
and specialty construction services to transform ordinary spaces in
venues ranging from residences to restaurants to theme parks, from
leased premises located at 1515 Vassar Street, Orlando, Florida.

Metro Finishes, L.L.C., filed a Chapter 11 petition (Bankr. M.D.
Fla. Case No. 18-07371), on November 29, 2018.  In the petition
signed by Charles Marklin, authorized representative of the Debtor,
the Debtor estimated $100,001 to $500,000 in assets and $500,001 to
$1 million in liabilities.

The Debtor is represented by Jeffrey S. Ainsworth of BransonLaw,
PLLC.


METRO-GOLDWYN-MAYER INC: Moody's Reviews Ba3 CFR for Downgrade
--------------------------------------------------------------
Moody's Investors Service placed Metro-Goldwyn-Mayer Inc.'s Ba3
corporate family rating, Ba3-PD probability of default rating, Ba2
1st lien senior secured credit facility rating, and B2 2nd lien
senior secured credit facility rating on review for downgrade given
its expectations for much higher debt and leverage than originally
expected during 2019 and 2020 due to significant investment in new
original content to bolster EPIX following the leveraged
acquisition, as well as working capital needs for film and TV
production more broadly. MGM's rating outlook was changed from
negative to ratings under review for downgrade.

On Review for Downgrade:

Issuer: Metro-Goldwyn-Mayer Inc.

Corporate Family Rating, Placed on Review for Downgrade,
currently Ba3

Probability of Default Rating, Placed on Review for Downgrade,
currently Ba3-PD

Gtd Senior Secured 1st lien Term Loan, Placed on Review for
Downgrade, currently Ba2 (LGD3)

Gtd Senior Secured 1st lien Revolving Credit Facility, Placed
on Review for Downgrade, currently Ba2 (LGD3)

Gtd Senior Secured 2nd lien Term Loan, Placed on Review for
Downgrade, currently B2 (LGD5)

Outlook Actions:

Issuer: Metro-Goldwyn-Mayer Inc.

Outlook, Changed To Rating Under Review From Negative

RATINGS RATIONALE

The review for downgrade is prompted by its expectation for higher
debt and lower EBITDA in 2019 than previously anticipated, and a
prolonged period of higher leverage and low cash flows through
2021. The worse than expected performance and credit metrics stem
from timing shifts of key film and television releases from 2019 to
2020, as well as its increased debt funded investments in content
planned during the next 24 months. The expected weaker near-term
performance exacerbates already weaker credit metrics when
considering the higher leverage MGM took on to acquire EPIX in 2017
- which was a departure from the company's previous
ultra-conservative management and financial policies. The EPIX
acquisition provides the prospect of further diversification of
revenue and potential growth opportunities. However, Moody's has
concerns about whether the cost to build EPIX is more than the
company can afford relative to its current equity and cash flows
and it believes that materially higher debt and EBITDA shortfalls
adds financial risk to the balance sheet.

The review will focus on the amount of debt-financed content and
marketing investment needed to make EPIX competitive while also
funding working capital for the company's film and television
slates relative to MGM's already strained profitability and
financial capacity. Short of an infusion of equity capital or asset
sale such that debt leverage is sustained at a more prudent and
manageable level, Moody's sees a downgrade of the company's credit
ratings as likely.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

Metro-Goldwyn-Mayer Inc., based in Beverly Hills, California,
produces and distributes motion pictures, television programming,
home videos, interactive media, music, and licensed merchandise. It
owns a library of films and television programs and holds ownership
interests in domestic and international television channels.
Revenues for LTM ended March 31, 2019 were approximately $1.6
billion. As of March 31, 2019, Anchorage Capital Partners, Highland
Capital Partners and Solus Alternative Asset Management each
individually, or together with their affiliated entities, owned
more than 10% of the issued and outstanding shares of common stock
of MGM Holdings. MGM Holdings is the ultimate parent company of the
MGM families of companies, including its subsidiary
Metro-Goldwyn-Mayer Inc.


NATIONS INSURANCE: A.M. Best Alters Outlook on B ICR to Positive
----------------------------------------------------------------
A.M. Best has revised the outlook to positive from stable for the
Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the
Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICR
of "bb" of Nations Insurance Company (Nations) (Cerritos, CA). The
outlook of the FSR remains stable.

The Credit Ratings (ratings) reflect Nations' balance sheet
strength, which AM Best categorizes as adequate, as well as its
adequate operating performance, limited business profile and
marginal enterprise risk management.

The revised outlook for the Long-Term ICR to positive from stable
is based on the recent improvement of Nations' operating
performance and risk-adjusted capitalization, driven by increased
underwriting earnings and investment income, which led to solid
surplus growth. In addition, Nations implemented a 50% quota share
reinsurance contract effective Jan. 1, 2017, which reduced its net
underwriting leverage significantly. This quota share reinsurance
was increased to 60% effective Jan. 1, 2018. Furthermore, Nations
has implemented rate increases in recent years, which have enhanced
its net underwriting income, and increased investment allocation to
long-term bonds from short-term investments, which has increased
its net investment yield and net investment income.


NEW COTAI: Akin Gump Represents Noteholders Group
-------------------------------------------------
In the Chapter 11 cases of debtors New Cotai Holdings, LLC, et al.,
the law firm of Akin Gump Strauss Hauer & Feld LLP provided notice
pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure
that it is representing the members of certain  unaffiliated
beneficial holders or investment advisors or managers of beneficial
holders of the Debtors' 10.625% Senior Pay-In-Kind Notes due 2019.

As of June 10, 2019, members of the Ad Hoc Group and their
disclosable economic interests are:

  1. Davidson Kempner Capital Management LP
     520 Madison Avenue
     30th Floor New York, NY 10022
     * $20,299,089 in principal amount of Notes, plus accrued
interest, fees,   expenses, and other unliquidated liabilities.

  2. Fidelity Management & Research Co.
     200 Seaport Blvd
     V13H Boston, MA 02100
     * $156,241,072 in principal amount of Notes, plus accrued
interest, fees, expenses, and other unliquidated liabilities.

  3. Highbridge Capital Management (Hong Kong) Limited
     1401 York House
     15 Queen's Road
     Central, Hong Kong
     * $58,493,185 in principal amount of Notes, plus accrued
interest, fees, expenses, and other unliquidated liabilities.

  4. Ivy Investment Management Company
     6300 Lamar Avenue
     Overland Park, KS 66202
     * $228,570,872 in principal amount of Notes, plus accrued
interest, fees, expenses, and other unliquidated liabilities.

  5. Nine Masts Capital Limited
     23/F Shanghai Commercial Bank Tower
     12 Queen's Road Central
     Central, Hong Kong
     * $37,221,384 in principal amount of Notes, plus accrued
interest, fees, expenses, and other unliquidated liabilities.

  6. Redwood Capital Management
     910 Sylvan Ave, 1st Floor
     Englewood Cliffs, NJ 07362
     * $34,721,805 in principal amount of Notes, plus accrued
interest, fees, expenses, and other unliquidated liabilities.

  7. Tor Asia Credit Master Fund LP
     19/F Henley Building
     5 Queen's Road Central
     Hong Kong
     *$63,861,018 in principal amount of Notes, plus accrued
interest, fees, expenses, and other unliquidated liabilities.

In October 2018, the Ad Hoc Group engaged Akin Gump to represent it
in connection with a potential restructuring of the Debtors and to
investigate claims, causes of action, violations of the Indenture
and any other impairment of the Noteholders' rights and remedies
arising from or relating to the initial public offering conducted
by Studio City International Holdings Limited.  Pursuant to a
Direction Letter dated as of Nov. 15, 2018, the Ad Hoc Group
directed Wells Fargo Bank, National Association, as trustee under
the Indenture to retain Akin Gump as special counsel in connection
with the foregoing.

Counsel for Ad Hoc Group can be reached at:

     AKIN GUMP STRAUSS HAUER & FELD LLP
     Michael S. Stamer, Esq.
     E-mail: mstamer@akingump.com
     Abid Qureshi, Esq.
     E-mail: aqureshi@akingump.com
     Meredith A. Lahaie, Esq.
     E-mail: mlahaie@akingump.com
     One Bryant Park
     New York, NY 10036
     Telephone: (212) 872-1000
     Facsimile: (212) 872-1002

                   About New Cotai Holdings

New Cotai Holdings, LLC, and certain of its affiliates were formed
for the purpose of investing in what is now Studio City
International Holdings Limited.  Studio City International,
together with its subsidiaries, owns the Studio City project, an
integrated resort comprising entertainment, retail, hotel and
gaming facilities located in the Macau Special Administrative
Region of the People's Republic of China.  Affiliates of investment
funds managed by Silver Point Capital, L.P. own a direct or
indirect controlling interest in each of the Debtors.  The Debtors
have no employees.

New Cotai Holdings and four affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
19-22911) on May 1, 2019.  The petitions were signed by David
Reganato, authorized signatory.  The cases are assigned to Judge
Robert D. Drain.  At the time of filing, New Cotai estimated $100
million to $500 million in assets and $500 million to $1 billion
in liabilities.

The Debtors tapped Skadden, Arps, Slate, Meagher & Flom LLP, as
counsel; Houlihan Lokey Capital, Inc., as financial advisor; and
Prime Clerk LLC, as noticing, claims and balloting agent.


NUVEI TECHNOLOGIES: Moody's Assigns B3 CFR, Outlook Positive
------------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating and
B3 Probability of Default Rating to Nuvei Technologies Corp. in
connection with its proposed acquisition of SafeCharge
International Group Limited. Nuvei's first lien credit facilities
($50 upsized million revolver, $65 million delayed draw term loan
and $554 million upsized term loan) were assigned a rating of B2.
The proposed $225 million second lien term loan was assigned a
rating of Caa2. The outlook is positive.

Proceeds from the proposed credit facilities, $280 million of
additional equity capital provided by Novacap, CDP Investissements
Inc. and management, and available cash balances of Nuvei and
SafeCharge will be used to acquire the equity interests of
SafeCharge.

Moody's assigned the following ratings:

Issuer: Nuvei Technologies Corp.

Probability of Default Rating, Assigned B3-PD

Corporate Family Rating, Assigned B3

Senior Secured 1st Lien Term Loan, Assigned B2 (LGD3)

Senior Secured 1st Lien Revolving Credit Facility, Assigned
B2 (LGD3)

Senior Secured 2nd Lien Term Loan, Assigned Caa2 (LGD5)

Outlook Actions:

Issuer: Nuvei Technologies Corp.

Outlook, Assigned Positive

RATINGS RATIONALE

The B3 CFR reflects Nuvei's small business scale, high leverage and
limited near-term free cash flow generation. Pro forma for the
proposed acquisition of SafeCharge International Group Limited, the
company's leverage will be about 7.2x, which includes partial
credit for projected combination synergies. Near-term free cash
flow generation is limited with free cash flow to debt in the low
single digits. The magnitude and complexity of the cross-border
integration relative to the size of Nuvei presents execution
risks.

The rating is supported by the combined company's well-diversified
business mix with a meaningful eCommerce component, solid organic
revenue growth in recent historical periods in both eCommerce and
physical POS revenues, and good profitability. The combined
complementary eCommerce gateway, acquiring and processing
capabilities will create an integrated platform well-positioned to
continue generating revenue growth, with meaningful combination
synergy opportunities. Moody's expects Nuvei's credit profile to
improve gradually driven by continued organic growth, achievement
of merger synergies and increasing free cash flow generation. The
company plans to focus its near-term capital allocation strategy
after the merger closing on consistently applying available free
cash flow toward prepayment of debt balances beginning in 2020.

The positive outlook is predicated upon the expectation of solid
organic revenue growth, successful integration of SafeCharge,
achievement of combination synergies, improved free cash flow
generation and application of free cash flow toward prepayment of
debt resulting in leverage improving to about 6x by the end of
2020.

The ratings could be upgraded if Nuvei were to sustain consistent
organic revenue growth with leverage below 6.5x and FCF/debt in
mid-single digits. The rating could be downgraded if revenue or
profitability were to decline, or leverage were to be sustained
above 8.0x or free cash flow generation were to become negative.

Nuvei's good liquidity position is supported by pro forma combined
expected minimum cash balance of $15 million and its expectation of
free cash flow generation of about $20 million in 2019 on a pro
forma basis. Nuvei's liquidity is also reinforced by a $50 million
revolving credit facility that will be undrawn at closing.

The B2 ratings for Nuvei's first lien senior secured credit
facilities reflect a Loss Given Default assessment of LGD3. The B2
rating, one notch above the B3 Corporate Family Rating, reflects
the facilities senior most position in the capital structure and
size relative to the second lien debt. The Caa2 rating on the
second lien secured term loan reflects an LGD assessment of LGD5.
The Caa2 rating, two notches below the B3 Corporate Family Rating,
reflects the significant amount of first lien debt ahead of it in
the capital structure.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

Nuvei is an omnichannel merchant acquirer in North America.
SafeCharge is a payments technology provider in Europe focused on
specialized eCommerce verticals.


OASIS PETROLEUM: Moody's Hikes CFR to B1 & Unsecured Notes to B2
----------------------------------------------------------------
Moody's Investors Service upgraded Oasis Petroleum Inc.'s Corporate
Family Rating to B1 from B2, Probability of Default Rating to B1-PD
from B2-PD, senior unsecured notes rating to B2 from B3 and the
Speculative Grade Liquidity Rating to SGL-2 from SGL-3. The rating
outlook remains stable.

"Oasis has grown production and cash flow while also gradually
improving its leverage metrics," said Amol Joshi, Moody's Vice
President. "Moody's expects Oasis to execute its plan to develop
Delaware Basin acreage, focus on efficiencies while extending the
core of its Williston Basin assets as well as continue to build
gathering infrastructure."

Upgrades:

Issuer: Oasis Petroleum Inc.

Corporate Family Rating, Upgraded to B1 from B2

Probability of Default Rating, Upgraded to B1-PD from B2-PD

Senior Unsecured Notes, Upgraded to B2 (LGD5) from B3 (LGD5)

Speculative Grade Liquidity Rating, Upgraded to SGL-2 from
SGL-3

Outlook Actions:

Outlook, Remains Stable

RATINGS RATIONALE

Oasis' B1 CFR reflects the company's moderate scale, two-basin
asset portfolio and historical track record of growing its
production and reserves. The company has a sizeable Williston Basin
asset base, and Oasis has indicated initial success in extending
the core of its Williston Basin acreage while improving the depth
of its drilling inventory. The February 2018 Delaware Basin acreage
acquisition diversified Oasis' operations and provides the company
with an opportunity to further grow its production and reserves.
The company's cash margins have benefited from a significant
portion of crude oil in its production mix, while full-development
mode in its core Williston Basin has supported capital efficiency.
While overall production growth could pause if Oasis spends within
cash flow in 2019, Delaware Basin production growth from a small
base should balance Williston Basin decline as the company
allocates more capital to develop its Delaware Basin acreage. Oasis
continues to be challenged by its high leverage relative to
production and proved developed (PD) reserves, and Moody's expects
the company will continue to spend and develop its exploration &
production (E&P) assets, while its midstream subsidiary, Oasis
Midstream Partners LP (OMP) invests to build gathering
infrastructure.

The senior unsecured notes are rated B2, one notch below the B1
CFR, reflecting the priority claim of Oasis' relatively large
borrowing base senior secured credit facility.

Oasis' SGL-2 rating reflects good liquidity. At March 31, 2019,
Oasis had $15 million of cash and $493 million of borrowings under
its credit facility as well as $14 million in letters of credit.
Moody's expects Oasis will remain reliant on its revolver, but that
the company may apply modest levels of free cash flow towards
reduction of revolver borrowings. The secured revolving credit
facility due October 2023 has a borrowing base of $1.6 billion, but
an elected commitment of $1.35 billion. The revolving credit
agreement has financial covenants including a minimum EBITDAX to
interest expense ratio of 2.5x and a minimum current ratio of 1x.
Moody's expects Oasis to remain in compliance with its covenants
through mid-2020. The nearest debt maturity is in November 2021,
when $72 million of outstanding unsecured notes are due. OMP has a
separate secured credit facility due September 2022, under which
OMP had $345 million in borrowings at March 31.

The stable outlook reflects Moody's expectation that Oasis will
spend within cash flow while its leverage metrics gradually
improve. The ratings could be upgraded if the company's retained
cash flow (RCF) to debt exceeds 35% and its leveraged full-cycle
ratio (LFCR) exceeds 1.5x, while the company's debt to average
daily production improves to approach $25,000 per boe. The ratings
could be downgraded if RCF to debt falls below 20%, or there is a
material deterioration in the company's debt to PD or debt to
average daily production metrics.

The principal methodology used in these ratings was Independent
Exploration and Production Industry published in May 2017.

Oasis Petroleum Inc., headquartered in Houston, Texas, is an
independent E&P company with operations focused in the Williston
and Delaware Basins. Oasis conducts midstream services through its
MLP, Oasis Midstream Partners LP, which is 32.4% owned by the
public (as of December 31, 2018).


OHIO AIR: Moody's Rates $300MM Unsec. Revenue Bonds B3
------------------------------------------------------
Moody's Investors Service assigned a B3 senior unsecured rating to
the $300 million Ohio Air Quality Development Authority 30-year
tax-exempt revenue bonds (State of Ohio Exempt Facilities Revenue
Bonds). The bonds are guaranteed by AMG Advanced Metallurgical
Group N.V. (AMG), the parent company of AMG Vanadium LLC. The B3
rating on the tax exempt unsecured bonds reflects the relatively
high proportion of secured debt in AMG's capital structure and the
bonds' effective subordination to its secured debt. At the same
time, Moody's upgraded the ratings of the senior secured revolving
credit facility and senior secured term loan to Ba3 from B1 to
reflect the secured debt's senior position in the new capital
structure. Moody's affirmed AMG's B1 corporate family rating, B1-PD
probability of default rating and SGL-2 Speculative Grade Liquidity
Rating. The outlook is stable.

The proceeds of the bonds will be loaned to AMG Vanadium LLC, under
a loan agreement between Ohio Air Quality Development Authority and
AMG Vanadium LLC, and will be used to finance the development of
the 2nd spent catalyst recycling plant (Cambridge II) near
Zanesville, Ohio. The "Cambridge II" project is expected to double
AMG's spent catalyst recycling capacity to 60,000 short tons at a
capital cost of $300 million.

Affirmations:

Issuer: AMG Advanced Metallurgical Group N.V.

Corporate Family Rating, Affirmed B1

Probability of Default Rating, Affirmed B1-PD

Speculative Grade Liquidity Rating, Affirmed SGL-2

Upgrades:

Issuer: AMG Advanced Metallurgical Group N.V.

Senior Secured Term Loan B, Upgraded to Ba3 (LGD3) from
B1 (LGD3)

Senior Secured Revolving Credit Facility, Upgraded to Ba3
(LGD3) from B1 (LGD3)

Assignments:

Issuer: Ohio Air Quality Development Authority

Gtd Senior Unsecured Revenue Bonds, Assigned B3 (LGD5)

Outlook Actions:

Issuer: AMG Advanced Metallurgical Group N.V.

Outlook, Remains Stable

RATINGS RATIONALE

AMG's B1 corporate family rating (CFR) reflects its presently
moderate, albeit rising financial leverage, solid liquidity, good
geographic and end market diversity and the importance of its
products in lightweighting, energy efficiency and carbon emissions
reduction which should lead to relatively steady customer demand.
The company also has a strong market position with only a few major
competitors for most of the critical materials it produces, and
sells those materials to a number of blue chip customers with whom
it has established long term relationships.

AMG's CFR considers the upside earnings potential if the company
successfully builds the Cambridge II plant and expands production
of commercial grade lithium concentrate from tantalum tailings at
its existing plant in Brazil (Spodumene I+ project). Both projects
carry relatively low technology, construction and operational
risks. Cambridge II will replicate the Cambridge I plant and will
benefit from the shared administrative oversight. The Cambridge II
plant will further strengthen AMG's market leading position in
North America by doubling its spent catalyst recycling capacity.
However, it will also magnify AMG's exposure to the volatility in
the price of ferrovanadium, as evidenced by its recent decline and
impact on the company's revenues and earnings. The rating also
considers moderate risks related to securing additional annual
supply of 30kt of residual catalyst required for the Cambridge II
plant. Spodumene I+ is an incremental capacity expansion project
adding 30kt to production at a moderate capital cost of $20
million.

The CFR is constrained by its modest scale versus higher rated
manufacturers, increasing exposure to ferrovanadium, high capex and
negative free cash flow over the next 2 years, as well as its
reliance on raw materials from mines located in some less developed
countries and those with potential geopolitical risks. The company
generated free cash flow historically and could return to positive
cash flow in 2021 when project spending is completed.

Moody's estimates that AMG's profitability, leverage and coverage
metrics will weaken over the next 2 years relative to 2018 and LTM.
The combination of high capex, the issuance of $300 million of tax
exempt bonds to fund the Cambridge II project and the decline in
prices of FeV and other materials will likely result in credit
metrics that are weakly positioned for B1 CFR. As a result,
Debt/EBITDA ratio, as adjusted by Moody's, is expected to climb to
around 6.5x by year-end 2019, compared to 2.6x as of March 31,
2019. Credit metrics are expected to return to levels appropriate
for the rating following the completion of the Cambridge II project
in 2021.

AMG is expected to maintain good liquidity and will have no
meaningful debt maturities prior to the maturity date of the
revolver in 2023 and the term loan B in 2025. As of March 31, 2019,
the company had $366 million in cash and cash equivalents and $170
million available under its $200 million revolver, which is undrawn
but has a reduced borrowing capacity due to the outstanding debt at
the Brazilian subsidiary. Moody's expects the revolving facility to
remain undrawn over the rating horizon. Moody's also expects the
company to have ample headroom under its 3.5x first lien leverage
covenant despite higher leverage.

The stable outlook presumes the company's operating results will
remain adequate over the next 12 to 18 months despite the decline
in prices of FeV, Spodumene and other critical materials.
Anticipated EBITDA growth in 2020 and a return to positive free
cash flow in 2021 should result in improved credit metrics that
support its rating. It also presumes the company will not
experience any significant issues related to its growth projects.

The ratings could be upgraded if the company is able to sustain a
leverage ratio below 4.0x, an interest coverage ratio above 3.0x
and returns to free cash flow generation. Additionally, successful
completion of the Cambridge II vanadium and Spodumene I+ projects
and material improvement in its operating results could lead to an
upgrade. However, AMG's moderate scale and increased product
concentration will limit its upside ratings potential.

Negative rating pressure could develop if the company experiences
any significant issues related to its growth projects. Any material
disruptions that result in weaker than expected operating
performance, or the pursuit of other debt financed growth projects
that result in weakening of debt protection metrics and a further
increase in leverage would negatively impact the company's rating.
The ratings could be downgraded should the leverage ratio be
sustained above 5.0x or the interest coverage ratio sustained below
2.0x. A significant reduction in borrowing availability or
liquidity could also result in a downgrade.

AMG Advanced Metallurgical Group N.V., headquartered in Wayne,
Pennsylvania, produces engineered specialty metals and mineral
products through its AMG Critical Materials division. This segment
produces aluminum master alloys and powders, titanium alloys and
coatings, ferrovanadium, natural graphite, chromium metal,
antimony, tantalum, niobium and silicon metal. Its AMG Engineering
division designs and produces vacuum furnace equipment and systems
used to produce and upgrade specialty metals and alloys. The
company sells its products to the transportation, infrastructure,
energy, and specialty metals & chemicals end markets from
production facilities in Germany, the United Kingdom, France, Czech
Republic, United States, China, Mexico, Brazil and Sri Lanka. The
company produced revenues of $1.35 billion during the twelve months
ended March 31, 2019 with about 42% generated in Europe, 37% in
North America, 16% in Asia and 5% in the rest of the world.


OUTFRONT MEDIA: S&P Rates New $550MM Senior Unsecured Notes 'BB-'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level and '4' recovery
ratings to the proposed $550 million senior unsecured notes due
2027 issued by Outfront Media Capital LLC, a subsidiary of New York
City-based outdoor advertising company Outfront Media Inc.
(Outfront). The '4' recovery rating indicates S&P's expectation for
average (30%-50%; rounded estimate: 35%) recovery for lenders in
the event of a payment default.

Outfront plans to use the proceeds from the proposed debt to
refinance its outstanding $550 million senior unsecured notes due
2022. The transaction does not affect S&P's 'BB-' issuer credit
rating or stable outlook on Outfront because it is leverage
neutral. S&P expects the company's adjusted debt to EBITDA to
remain in the 5.2x-5.4x range in 2019; it was 5.3x as of March 31,
2019.

Issue Ratings - Recovery Analysis

Key analytical factors

-- Following the refinancing, Outfront's debt capitalization will
consist of a priority $100 million accounts receivable
securitization facility due 2021 (unrated), a $75 million priority
secured repurchase facility due 2019 (unrated), a senior secured
class (comprising a pari passu $430 million revolving credit
facility due 2022 and a $670 million term loan B due 2024), and a
senior unsecured class (comprising pari passu $500 million 5.625%
senior notes due 2024, $450 million 5.875% senior notes due 2025,
and $550 million 5.25% senior notes due 2027). The debt is issued
by co-borrowers Outfront Media Capital Corp. and Outfront Media
Capital LLC.

-- The senior secured credit facility is secured by a
first-priority security interest in all tangible and intangible
assets (subject to 66% of the voting stock of and 100% of the
non-voting stock of first-tier foreign subsidiaries).

Simulated default assumptions

-- S&P's simulated default scenario contemplates a default in 2023
due to a significant decline in cash flow as a result of a
prolonged economic downturn that leads to reduced advertising
spending, coupled with increased competition from alternative
media.

-- S&P's simulated default scenario also assumes that Outfront
will reorganize following a default, given the importance of
outdoor advertising to advertisers' marketing mix, and Outfront's
strong market position and long-term contracts with landlords and
customers.

-- S&P's recovery EBITDA multiple reflects its expectation that
the company will continue to have an attractive business model in
2023, reflecting its geographic and customer diversity, broad
audience reach, good competitive position, and profitability.

-- The revolving credit facility is 85% drawn at default.

-- The $100 million accounts receivable securitization facility
and $75 million secured repurchase facility are 100% drawn at
default, and S&P views them as priority debt.

Simplified waterfall

-- Emergence EBITDA: about $245 million
-- Distressed EBITDA multiple: 7.5x
-- Net enterprise value (after 5% administrative costs): about
$1.75 billion
-- Valuation split (obligors/nonobligors): 95%/5%
-- Collateral value available to secured creditors less priority
claims: About $1.55 billion
-- Senior secured debt claims: about $1.0 billion
    --Recovery expectation: 90%-100% (rounded estimate: 95%)
-- Senior unsecured debt claims: about $1.54 billion
    --Recovery expectation: 30%-50% (rounded estimate: 35%)
Note: All debt amounts include six months of prepetition interest.

  Ratings List

  Outfront Media Inc.
  Issuer Credit Rating      BB-/Stable

  New Rating

  Outfront Media Capital LLC
  Outfront Media Capital Corp.

  Senior Unsecured
  US$550 mil sr nts due 2027 BB-
  Recovery Rating           4(35%)



OUTLOOK THERAPEUTICS: Sabby Volatility Has 5.9% Stake as of May 15
------------------------------------------------------------------
Sabby Volatility Warrant Master Fund, Ltd., Sabby Management, LLC,
and Hal Mintz disclosed in a Schedule 13G filed with the U.S.
Securities and Exchange Commission that as of May 15, 2019, they
beneficially own 1,316,732 shares of common stock of Outlook
Therapeutics, Inc., which represents 5.96 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at:

                        https://is.gd/Rw5d3t

                     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 March 31,
2019, Outlook Therapeutics had $17.17 million in total assets,
$40.21 million in total liabilities, $5.03 million in total
convertible preferred stock, and a total stockholders' deficit of
$28.08 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.


P&L DEVELOPMENT: Fitch Assigns B- IDR, Outlook Stable
-----------------------------------------------------
Fitch Ratings has assigned first-time 'B-' Issuer Default Ratings
to P&L Development Holdings, LLC and P&L Development, LLC. The
Rating Outlook is Stable. Fitch has also assigned a 'B+'/'RR2'
rating to P&L Development, LLC's senior first-lien term loan.

The rating actions reflect PLDH's expected consistently positive
FCF generation, strong customer retention profile, relatively
reliable demand for the company's products, strong value
proposition for retailers and consumers, and potential for
deleveraging following the acquisition of Teva's over-the-counter
business (Teva OTC). Pro forma debt at closing will be
approximately $407.1 million, which includes the term loans,
unsecured notes and preferred stock.

KEY RATING DRIVERS

Transaction Complimentary to Portfolio: PLDH's acquisition of Teva
OTC expands its presence into the growing consumer health market
segment. Teva OTC's business includes nicotine replacement therapy
(NRT) products and a basket of OTC and Abbreviated New Drug
Application (ANDA) products. Fitch expects that PLDH should be able
to extract $4.0 million-$4.5 million of cost synergies during the
integration. Potential revenue synergies exist, but Fitch does not
include them in the ratings case forecast.

Deleveraging Requires Profitable Growth: Fitch assumes that the
company will deleverage primarily through EBITDA growth, given the
modest term loan amortization schedule. Excess cash flow provisions
in the term loan documentation could increase debt reduction.
However, the company will need to execute on its legacy business,
as well as successfully integrate the Teva OTC business including
the realization of cost synergies.

Revenue Concentration: PLDH has significant customer revenue
concentration with its top five customers accounting for roughly
55% of total firm sales. Its product revenue concentration is less
concerning, as its top 20 products account for roughly 21% of total
firm sales. The acquisition of Teva OTC will not materially change
the company's customer concentration and will modestly reduce
product concentration. The company generates all of its revenues in
the U.S.

Dependable Demand: Consumer health care products benefit from
relatively reliable demand. Sales tend to be recession-resistant as
most people prioritize health care needs. They can be purchased
without a physician's prescription and offer relief for some
non-critical medical issues. In addition, private label brands
offer less costly alternatives to brand-name products, further
attracting cost-conscious consumers, while at the same time
offering higher margins to retailers.

No Third-Party Payers: In contrast to generic prescription drug
manufacturers, consumer OTC product makers do not face pricing
pressure from large third-party payers. However, they still must
contend with customers that are tough negotiators, such as Walmart,
Kroger, Walgreens and CVS. Nevertheless, there is significantly
less focus by lawmakers, activists and the public on private-label
consumer OTC product pricing than on prescription drugs.

Quality Track Record: Product quality and reliability of supply are
also important to PLDH's customers. PLDH stated that it has never
lost a customer or had a major quality issue. The company
emphasizes that it focuses on the three most important factors that
its customers consider - quality, reliability of supply and
providing a backup to the overwhelmingly dominant supplier in the
market, Perrigo. Pricing in the segment is important but appears
rational, given the overwhelming dominance of the largest player,
Perrigo, and the much smaller second-largest player, PLDH.

Small Scale: PLDH is significantly smaller than its largest
competitor, Perrigo. Scale is important in terms of cost,
distribution and shelf space. Nevertheless, the company appears to
have carved out a niche in the space. However, acquisitions and
collaborations will likely be necessary longer term to generate
profitable growth.

Expected Positive FCF: PLDH should be able to generate consistently
positive FCF. The adverse inventory swings caused by Bionpharma in
2018 reduced CFO by $26 million. In addition, temporarily increased
expansionary capex in 2017 and 2018 weighed on FCF. Growing
revenue, modestly improving margins, manageable capex requirements
and cost control support positive FCF. Nevertheless, solid
operational execution is paramount.

DERIVATION SUMMARY

PLDH's 'B-'/Outlook Stable rating reflects its significantly
smaller scale and lower margins relative to peers - Mallinckrodt
'bb-*'/Outlook Negative, Endo 'b*'/Outlook Stable and Bausch Health
'B'/Outlook Stable. The company is significantly smaller than its
nearest competitor, Perrigo (not rated by Fitch). However, the
pricing environment for PLDH is less scrutinized than that of
prescription drug manufacturers (Mallinckrodt, Endo and Bausch
Health). Given the large differences in scale partly offsetting the
relatively benign pricing environment, Fitch views the leverage
based rating sensitivities for PLDH as somewhat tighter than its
three larger peers.

Fitch links P&L Development Holdings, LLC's ratings with its
subsidiary, P&L Development, LLC. The IDRs of both entities in the
capital structure are 'B-'; the linkage reflects the strong legal
and operational ties between the parent and the subsidiary.

KEY ASSUMPTIONS

- Successful integration of Teva OTC with 12-24 months of
transaction close;

- Mid-single-digit organic revenue growth during the forecast
period;

- Margins improving due to a favorable sales mix shift driven by
the Teva OTC business, cost reduction and $4.0 million in synergies
during the forecast period;

- Annual FCF to remain significantly positive (relative to PLDH's
scale) during the forecast period;

- Leverage (total debt/EBITDA) declining to 6.6x within roughly
two years of the acquisition, primarily due to EBITDA growth;

- Modest reductions in debt through annual term loan
amortization.

RATING SENSITIVITIES

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

- Solid execution on its legacy business and successful
integration of Teva OTC, accompanied by consistently strong FCF
sufficient to exceed term loan amortizations;

- Gross leverage (total debt/EBITDA) to or below 6.0x and
lease-adjusted leverage (total adjusted debt/EBITDAR) to or below
6.5x.

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

- Pressure on the credit profile stemming from weak execution and
integration, increasing leverage without the prospect a timely
turnaround;

- Durably negative operational trend that would strain FCF, making
it difficult to satisfy amortization payments, as well as small
business development activities;

- Resulting leverage (total debt/EBITDA) expected to remain
durably above 7.0x and lease-adjusted leverage (total adjusted
debt/EBITDAR) above 7.5x.

LIQUIDITY

Sufficient Liquidity, Light Maturities: Solidly negative FCF in
2018 was the result of efforts to rebuild the company's inventory
following the Bionpharma incident. Fitch anticipates a return to
positive cash generation in 2020, owing primarily to contributions
from the Teva OTC acquisition, the normalized lower capital
spending and the absence of the inventory build-up caused by the
Bionpharma issue. Debt maturities are light, with no significant
maturities until 2025, and the company has full availability on its
$40 million asset-backed lending (ABL) facility.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following ratings:

P&L Development Holdings, LLC

  -- Issuer Default Rating (IDR) 'B-'.

The Rating Outlook is Stable.

P&L Development, LLC

  -- IDR 'B-';

  -- Senior secured first-lien term loan 'B+'/'RR2'.

The Rating Outlook is Stable.

Recovery Rating Rationale

Fitch's recovery analysis assumptions result in a recovery rate for
the secured first-lien term loan within the 'RR2' range to generate
a two-notch uplift to the debt rating from the IDR. This assumes
that the company has $20 million outstanding on the ABL at the time
of bankruptcy, and this claim is included in the debt recovery
waterfall as prior to the position of the term loan.

Fitch assumes the PLDH would emerge from bankruptcy as a going
concern and employs an EBITDA multiple of 6.0x to calculate the
enterprise value. This is in-line with Fitch's historical observed
average corporate reorganization multiple of 6.0x and at the lower
end of the 6.0x-7.0x range for smaller, high-yield pharmaceutical
firms. This may be slightly conservative, given the relatively
less-scrutinized pricing environment and potentially onerous
litigation profile compared to prescription drug manufacturers.
However, PLDH is significantly smaller in scale than its largest
peer, Perrigo. Recent historical acquisition multiples in the
consumer healthcare sector range from mid-single-digits to
mid-teens, depending on the attractiveness of the asset in terms of
the exclusivity, diversity and growth potential of the target's
product portfolio.

The analysis also employs a going concern EBITDA that is 87% higher
than PLDH's LTM Dec. 31, 2018 EBITDA. This assumption reflects a
potential reorganization scenario 12-18 months after the Teva OTC
acquisition closes. The going concern EBITDA incorporates a
reduction in ongoing cost structure and select but not significant
asset sales. The company would likely exit or shutter small
unprofitable business lines.


PACIFIC VENTURES: Needs More Capital to Continue as Going Concern
-----------------------------------------------------------------
Pacific Ventures Group, Inc., filed its quarterly report on Form
10-Q, disclosing a net loss of $302,764 on $1,289,283 of sales (net
of discounts) for the three months ended March 31, 2019, compared
to a net loss of $303,716 on $0 of sales (net of discounts) for the
same period in 2018.

At March 31, 2019, the Company had total assets of $1,595,270,
total liabilities of $4,299,349, and $2,704,078 in total
stockholders' deficit.

The Company has incurred a net loss of $302,764 for the three
months ended March 31, 2019, and has an accumulated deficit of
$7,797,964 as of March 31, 2019.

Company President Shannon Masjedi said, "In order to continue as a
going concern, the Company will need, among other things,
additional capital resources. The Company is significantly
dependent upon its ability, and will continue to attempt, to secure
equity and/or additional debt financing. There are no assurances
that the Company will be successful and without sufficient
financing it would be unlikely for the Company to continue as a
going concern.

"The unaudited consolidated financial statements do not include any
adjustments relating to the recoverability and classification of
recorded assets, or the amounts of and classification of
liabilities that might be necessary in the event the Company cannot
continue in existence. These conditions raise substantial doubt
about the Company’s ability to continue as a going concern. These
unaudited consolidated financial statements do not include any
adjustments that might arise from this uncertainty."

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

                       https://is.gd/8i06hY

Pacific Ventures Group, Inc., through its subsidiaries, produces,
sells, and distributes alcohol-infused ice creams and ice-pops.  It
sells its alcohol-infused ice-pops and ice creams under the SnöBar
brand name.  The company is also involved in the sale and lease of
freezers, as well as the provision of marketing services; and
wholesale and retail of fresh and specialty produce, and food
products to restaurants, hotels, clubs and bars, resorts, food
trucks, and caterers.  Pacific Ventures is headquartered in Los
Angeles, California.


PBF HOLDING: Moody's Alters Outlook on Ba3 CFR to Negative
----------------------------------------------------------
Moody's Investors Service changed PBF Holding Company LLC's outlook
to negative from positive. Moody's also affirmed its Ba3 Corporate
Family Rating, Ba3-PD Probability of Default Rating, SGL-3
speculative grade liquidity rating and B1 senior unsecured notes
rating.

The change of outlook to negative follows the company's
announcement that it has reached an agreement to acquire Martinez
refinery, that the company expects to close in the second part of
2019.

"The acquisition may require the company to borrow to fund the
purchase price before working capital adjustment, and will delay
the deleveraging that we have previously expected in 2019", said
Elena Nadtotchi, Vice President and Senior Credit Officer at
Moody's. "While acquisition will add to execution risk in the near
term, it will also strengthen PBF's operations in PADD 5 and boost
the company's overall scale and business position".

Outlook Actions:

Issuer: PBF Holding Company LLC

Outlook, Changed To Negative From Positive

Affirmations:

Issuer: PBF Holding Company LLC

Probability of Default Rating, Affirmed Ba3-PD

Speculative Grade Liquidity Rating, Affirmed SGL-3

Corporate Family Rating, Affirmed Ba3

Senior Unsecured Notes, Affirmed B1 (LGD5)

RATINGS RATIONALE

Ba3 CFR reflects PBF's elevated absolute debt level, accumulated as
a result of acquisitions. Prior to the announced acquisition of
Martinez refinery, the company's leverage stood at 2.6x debt/EBITDA
at the end of March 2019, higher than for its peers. Moody's
expects that the agreed acquisition will add to earnings and free
cash flow generation of PBF, but the need to borrow will likely
slow down the deleveraging process that it has previously expected
to take hold in 2019.

Shareholder distributions, together with sizable working capital
movements driven by volatile oil prices, as well as sizable capital
spending, will limit debt reduction opportunities in 2019-2020.
Moody's therefore expects deleveraging to be driven primarily by
organic improvement in operating cash flows, that will depend on
the ability of PBF to deliver strong operating performance from the
acquired refinery and maintain the overall positive operating trend
in its incumbent operations.

The Ba3 CFR is supported by the significant size of the operations
and relatively high complexity of the refineries, that will be
further enhanced by the agreed acquisition. PBF profitability,
however, remains consistently below its peers with similarly high
complexity of the refineries.

The negative outlook reflects operating and financial risks
associated with the acquisition of the refinery.

Weaker operating performance, additional borrowing or increased
distributions to shareholders, leading to RCF/debt declining below
15%, as well as weaker liquidity, including as a result of larger
working capital outflows or one-off events, such as a termination
of inventory intermediation agreement, may lead to the downgrade of
PBF's Ba3 ratings.

PBF's ratings may be upgraded if the company demonstrates improved
profitability and cash flow generation and balanced distributions
to shareholders, such that it is able to maintain a consistently
neutral FCF position and RCF/debt above 25%.

PBF maintains adequate liquidity reflected in its SGL-3 liquidity
rating. This assessment is supported by the expectation that the
company will continue to have good access to credit from its
trading partners. As with any refining business, PBF relies on
external liquidity sources to fund its sizable working capital
requirements. PBF needs to finance a significant inventory of crude
oil, intermediaries and refined products. Moody's expects PBF's
working capital requirements will rise in the first six months of
2019, as the company is implementing three turnaround programs.

As of March 2019, PBF reported $385 million in balance sheet cash
and had $251 million outstanding under the revolver facility. The
revolver due August 2023 has a total commitment of $3.4 billion,
but the borrowing base was estimated by the company to be around
$1.6 billion, which is the amount that governs the maximum
utilization of the facility. The facility has a single financial
maintenance covenant, a minimum fixed charge coverage ratio of
1.1x, applicable only when availability drops under certain
levels.

PBF and its two refining subsidiaries Delaware City Refining and
Paulsboro Refining, also use an inventory intermediation facility
with J.Aron. The facility matures in early 2020. Under the terms of
the facility, J.Aron purchased hydrocarbon inventory from PBF and
its refining subsidiaries, while inventory is stored at the
facilities rented by J.Aron from PBF. When PBF sells the inventory,
J.Aron sells it back to the refineries. The facility helps PBF to
fund working capital requirements of the two refineries
representing around 40% of the company's capacity. However, it can
also create a sizable cash call if PBF is required to purchase all
the inventory from J.Aron or replace this financing facility upon a
termination.

The B1 rating on the 2023 and 2025 senior guaranteed unsecured
notes, one notch below the Ba3 CFR, reflects the size and strong
collateral package of the revolving credit facility. The revolver
is secured by liquid assets, including deposit accounts, accounts
receivable, and all hydrocarbon inventory to which PBF holds title
(excluding inventory covered by the inventory intermediation
facility with J.Aron).


PENGROWTH ENERGY: Will Hold Its Annual General Meeting on June 26
-----------------------------------------------------------------
Energy Corporation provided notice that an annual general meeting
of the holders of common shares in the Company will be held at
Livingston Place (South Tower) in the Livingston Club Conference
Centre, Plus 15 level, 222 - 3rd Avenue SW, Calgary Alberta,
Canada, on June 26, 2019 at 3:00 p.m. (Calgary time), for these
purposes:

   1. to receive and consider the audited consolidated financial
      statements of the Corporation for the year ended Dec. 31,
      2018 and the auditors' report thereon;

   2. to appoint auditors of the Corporation for the ensuing year
      and to authorize the board of directors of the Corporation
      to fix their remuneration;

   3. to elect the directors of the Corporation for the ensuing
      year;

   4. to vote, in an advisory, non-binding capacity, on a
      resolution to accept the Corporation's approach to
      executive compensation; and

   5. to transact such other business as may properly come before
      the Meeting or any adjournment of the Meeting.

Only Shareholders of record at the close of business on May 14,
2019 are entitled to notice of and to attend the Meeting or any
adjournment or adjournments thereof and to vote thereat, unless,
after the Record Date, a holder of record transfers his or her
Common Shares and the transferee, upon producing properly endorsed
share certificates or otherwise establishing that he or she owns
such Common Shares, requests, not later than 10 days before the
Meeting, that the transferee's name be included in the list of
Shareholders entitled to vote such Common Shares, in which case
such transferee will be entitled to vote such Common Shares, as the
case may be, at the Meeting.

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

                     https://is.gd/q10Z8p

                        About Pengrowth

Pengrowth Energy Corporation -- http://www.pengrowth.com/-- is a
Canadian energy company focused on the sustainable development and
production of oil and natural gas in Western Canada from its
Lindbergh thermal oil property and its Groundbirch Montney gas
property.  The Company is headquartered in Calgary, Alberta, Canada
and has been operating in the Western Canadian basin for more than
30 years.  The Company's shares trade on both the Toronto Stock
Exchange under the symbol "PGF" and on the OTCQX under the symbol
"PGHEF".

Pengrowth reported a net loss and comprehensive loss of C$559.3
million in 2018, following a net loss and comprehensive loss of
C$683.8 million in 2017.  As of March 31, 2019, the Company had
C$1.34 billion in total assets, C$1.12 billion in total
liabilities, and C$220.9 million in shareholders' equity.

KPMG LLP, in Calgary, Canada, the Company's auditor since 1988,
issued a "going concern" qualification in its report dated March 5,
2019, on the Company's consolidated financial statements for the
year ended Dec. 31, 2018, citing that the Company has significant
uncertainties relating to its ability to meet its financial
obligations on scheduled debt maturities and comply with certain
debt covenants that raise substantial doubt about its ability to
continue as a going concern.


PGHC HOLDINGS: Bernkopf Goodman Represents 3 E & A Landlords
------------------------------------------------------------
In the Chapter 11 proceedings of PGHC Holdings, Inc., et al.,
Bernkopf Goodman LLP, filed a verified statement under F.R.B.P.
Rule 2019 to disclose that it is common counsel for:

   (a) Ashland Plaza (E&A) LLC
       c/o E & A Investments LP
       1221 Main Street, Suite 1000
       Columbia, SC 29201

   (b) E & A Northeast Limited Partnership
       c/o E & A Investments LP
       1221 Main Street, Suite 1000
       Columbia, SC 29201

   (c) Woburn (Eden) LLC
       c/o E & A Investments LP
       1221 Main Street, Suite 1000
       Columbia, SC 29201

The nature and amount of each disclosable economic interest held in
relation to the Debtors consists of administrative and/or unsecured
claims arising out of leases between Ashland Plaza, et al., and the
Debtors.

Ashland Plaza, et al.'s attorneys can be reached at:

        Peter B. McGlynn, Esq.
        BERNKOPF GOODMAN LLP
        Two Seaport Lane, 9th Floor
        Boston, MA 02210
        Tel: (617) 790-3000
        E-mail: pmcglynn@bg-llp.com

                        About PGHC Holdings

PGHC Holdings, Inc., and its subsidiaries are owner-operators of
quick-service restaurants in New England under the Papa Gino's and
D'Angelo Grilled Sandwiches brands.  Founded in 1961, Papa Gino's
is a local quick-service restaurant pizza chain serving handmade
artisan pizzas.  D'Angelo Grilled Sandwiches offers made-to-order
grilled and deli sandwiches, wraps and other freshly-prepared
dishes.

PGHC Holdings, Inc., et al., sought bankruptcy protection (Bankr.
D. Del. Lead Case No. Case No. 18-12537) on Nov. 5, 2018.  The
jointly administered cases are pending before Judge Hon. Mary F.
Walrath.  In the petition signed by CFO Corey D. Wendland, the
Debtor estimated total assets of up to $50,000 and liabilities of
$50 million to $100 million.

The Debtors tapped Morris, Nichols, Arsht & Tunnell LLP as general
counsel; North Point Advisors LLC as investment banker; CR3
Partners, LLC, as financial & restructuring advisor; Hilco Real
Estate LLC, as real estate and lease consulting advisor; and Epiq
Corporate Restructuring LLC as claims and notice agent.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Nov. 15, 2018.  The committee retained
Kelley Drye & Warren LLP, as lead counsel; Bayard, P.A., as
co-counsel; and Province, Inc., as its financial advisor.




PHI GROUP: 1Q 2019 Financial Results Cast Going Concern Doubt
-------------------------------------------------------------
PHI Group, Inc., filed its quarterly report on Form 10-Q,
disclosing a net income of $321,474 on $950,000 of revenues for the
three months ended March 31, 2019, compared to a net loss of
$677,029 on $500,000 of revenues for the same period in 2018.

At March 31, 2019, the Company had total assets of $32,874,445,
total liabilities of $35,378,182, and $2,503,736 in total
stockholders' deficit.

The Company has accumulated deficit of $41,554,550 as of March 31,
2019 and total stockholders' deficit of $2,503,736.  For the nine
months ended March 31, 2019, the Company incurred a net loss of
$1,003,251 as compared to a net loss in the amount of $1,673,680
during the same period ended March 31, 2018.  These factors as well
as the uncertain conditions that the Company faces in its
day-to-day operations with respect to cash flows create an
uncertainty as to the Company's ability to continue as a going
concern.

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

                       https://is.gd/Wc3gOk

PHI Group, Inc., through its subsidiary, PHI Capital Holdings,
Inc., provides merger and acquisition advisory, consulting, project
financing, and capital market services to clients in North America
and Asia.  The company was formerly known as Providential Holdings,
Inc. and changed its name to PHI Group, Inc., in April 2009.  PHI
Group Inc. was founded in 1982 and is headquartered in Las Vegas,
Nevada.


PHI INC: U.S. Trustee Objects to Disclosure Statement
-----------------------------------------------------
The United States Trustee for Region 6 objects to the Disclosure
Statement explaining the Chapter 11 Plan of PHI Inc.

The U.S. Trustee complains that the Plan is patently unconfirmable
because it contains impermissible release and exculpation
provisions.

The U.S. Trustee also complains that the Court should decline to
approve the Disclosure Statement unless and until the Debtors amend
the Plan and Disclosure Statement to provide for truly consensual
releases or to excise the releases in their entirety.

The U.S. Trustee points out that the proposed exculpation provision
violates Fifth Circuit law.

According to US Trustee, the Debtors should modify the Disclosure
Statement and the Plan to clarify that no party shall be released
from any causes of action or proceedings brought by any
governmental agencies in accordance with their regulatory
functions, including but not limited to criminal and environmental
matters.

                     About PHI Inc.

PHI, Inc. -- http://www.phihelico.com/-- is a provider of
helicopter transportation services in the oil and gas industry,
primarily transporting crews and materials, and in the healthcare
and emergency medical services industry, primarily transporting
patients.  It is a publicly held company and provides services in
the United States and abroad.

As of the petition date, PHI owns or operates 238 aircraft
worldwide, of which 17 are leased while eight are owned by the
customer and operated by the company.  The remaining 213 are owned
by PHI.  The company employs 2,218 people, including pilots,
mechanics, medical and administrative staff.

PHI and its affiliates sought protection under Chapter 11 of the
Bankruptcy Code Bankr. N.D. Tex. Lead Case No. 19-30923) on March
14, 2019.  At the time of the filing, PHI estimated assets of $1
billion to $10 billion and liabilities of $500 million to $1
billion.

The cases are assigned to Judge Harlin DeWayne Hale.  

The companies tapped DLA Piper LLP (US) as their bankruptcy
counsel; Jones Walker LLP as regular outside counsel; Houlihan
Lokey Capital Inc. and FTI Consulting Inc. as financial advisors;
and Prime Clerk LLC as claims, noticing and solicitation agent.


PLAIN LEASING: Aug. 14 Plan Confirmation Hearing
------------------------------------------------
The Court has considered Plain Leasing, Inc.'s Motion for Order
Authorizing and Approving the Adequacy of the Disclosure Statement
explaining its Chapter 11 Plan.

The hearing on the Debtor's motion to confirm that Plan is set for
August 14, 2019, at 11:00 a.m., in Courtroom 1675, located on the
16th floor, Roybal Federal Building, 255 East Temple St., Los
Angeles, California 90012.

The deadline for any creditor or party in interest to submit a
ballot voting on the Plan or an objection is July 10, 2019.

Attorneys for the Debtor are Joon M. Khang, Esq., and Judy L.
Khang, Esq., at Khang & Khang LLP, in Irvine, California.

                   About Plain Leasing

Plain Leasing, Inc., f/k/a K Trans, Inc., which rents out trucks
and chassis, filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Cal. Case No. 17-12539) on March 2, 2017.  In the petition signed
by Ji K. Lim, president, the Debtor estimated at least $50,000 in
assets and $500,000 to $1 million in liabilities.  

The case is assigned to Judge Robert Kwan.  

The Debtor is represented by Joon M. Khang, Esq., at Khang & Khang
LLP.

The Office of the U.S. Trustee on July 5, 2017, appointed three
creditors of to serve on the official committee of unsecured
creditors.  The committee members are: (1) Jae Seung Rho; (2) Sam
Lee aka Yoon Lee; and (3) James Jae.  The Committee retained
Blakeley LLP as counsel, and the Law Firm of Kim & Min as special
counsel.


PRINCETON ALTERNATIVE: Modifies Treatment of Intercompany Claims
----------------------------------------------------------------
Matthew Cantor, the duly qualified and acting Chapter 11 Trustee,
filed a first amended Chapter 11 Plan and accompanying amended
disclosure statement for Princeton Alternative Income Fund, LP and
Princeton Alternative Funding, LLC.

The First Amended Plan, among other things, modified the treatment
of PAIF Classes 4 to 6.

PAIF Class 4 - Intercompany Claims are impaired. Allowed
Intercompany Claims of PAF against PAIF shall be netted and offset
against the Intercompany Claims of PAIF against PAF, including
PAIF's Claim for PAF's allocable share of administrative expenses,
Professional Fees, and other amounts paid exclusively by PAIF. The
net amount of PAF's Intercompany Claim against PAIF shall receive
Class A Certificates with a value as of the Effective Date equal to
the Allowed amount of such Claim. After all Allowed General
Unsecured Claims against PAF have been paid in full.

PAIF Class 5 - Limited Partner Interests are impaired. Allowed
Limited Partner Interests shall receive their Pro Rata share of
Class C Certificates. Participating Investors who are members of
this Class shall also receive their Pro Rata share of Class D
Certificates. The Pro Rata share of Class D Certificates issued to
Participating Investors shall be based on a numerator equal to the
Participating Investor's Allowed Limited Partner Interest based on
its Net Equity, and a denominator based on the total Limited
Partner Interests of Participating Investors based on Net Equity.

PAIF Class 6 - General Partner Interests are impaired. Allowed
General Partner Interests in PAIF shall receive Class C
Certificates with a value as of the Effective Date equal to the
amount which the Holder of Interests in this Class would be
entitled to receive on liquidation of PAIF under Article IX of the
PAIF Limited Partnership Agreement, calculated in accordance with
Net Equity.

A full-text copy of the First Amended Disclosure Statement dated
May 30, 2019, is available at https://tinyurl.com/yyh39sfw from
PacerMonitor.com at no charge.

A blacklined version of the First Amended Plan dated May 30, 2019,
is available at https://tinyurl.com/y22ap9j6 from PacerMonitor.com
at no charge.

                 About Princeton Alternative

Princeton Alternative Income Fund, LP, provides capital for
businesses that make consumer loans in the non-prime market.

Princeton Alternative Income Fund, LP and Princeton Alternative
Funding LLC, a fund management company, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No.
18-14603) on March 9, 2018.  Judge Michael B. Kaplan presides over
the cases.  

In the petitions signed by John Cook, authorized representative,
PAIF estimated assets of $50 million to $100 million and
liabilities of $1 million to $10 million.  PAF estimated assets of
less than $100,000 and liabilities of $1 million to $10 million.

Sills Cummis & Gross, P.C. is the Debtors' counsel.  Liggett &
Webb, P.A., has been tapped to serve as accountant.  

The Debtors tapped JAMS/Hon. Steven Rhodes to provide mediation
services.

Matthew Cantor was appointed as Chapter 11 trustee for the Debtors.
The Trustee tapped Wollmuth Maher & Deutsch LLP as his legal
counsel.


PULTEGROUP INC: S&P Alters Outlook to Positive, Affirms 'BB+' ICR
-----------------------------------------------------------------
S&P Global Ratings revised its outlook on U.S. homebuilder
PulteGroup Inc. to positive from stable and affirmed its 'BB+'
ratings on the company and its senior unsecured debt.

"We revised our outlook on PulteGroup Inc. to positive based on its
continued deleveraging amid the long and steady upswing in the U.S.
housing market," S&P said. "We believe that the company's solid
profitability and cash flow this late in the housing cycle could
enable it to preserve credit measures that are commensurate with an
investment-grade rating even when the housing cycle inevitably
turns."

The positive outlook on PulteGroup reflects S&P's expectation that
the company will maintain its currently solid credit ratios, aided
by strong cash flow and EBITDA generation, even if the housing
markets weaken modestly and its earnings decline.

"We could raise our rating on PulteGroup to investment grade in the
next year or two if the company maintains adjusted debt leverage of
closer to 2x and a debt-to-capital ratio of less than 35% and we
expect it to sustain these metrics through most of the U.S. housing
cycle to accommodate any volatility during downturns," S&P said.
The rating agency added that it would expect the company's
discretionary cash flow to remain neutral or positive (after all
shareholder returns) amid steady to potentially softer market
conditions over the next few years, which would provide the company
with a buffer to support the investment-grade rating.

"Given an unexpected rise in mortgage rates or a slowdown in the
broader housing market, such that Pulte's pricing, organic revenue,
and earnings growth become sluggish, we would need to see that it
is able maintain steady debt levels to preserve its currently
attractive credit ratios," S&P said.

"We could revise our outlook on Pulte to stable if we believe that
its debt to EBITDA will increase above 3x and its debt-to-capital
ratio will rise above 45% because of any combination of weaker
earnings, large land investments, or shareholder returns," S&P
said, adding that this could occur if weaker pricing for the
company's products and more-expensive land costs roll off such that
the rating agency's projected 2019 and 2020 gross margins decline
by more than 300 bps. More likely, however, is that some
debt-funded initiative or large excess cash burn will precede a
moderate drop in earnings, leaving the company with poor prospects
to maintain credit ratios that are commensurate with an
investment-grade rating, according to the rating agency.


PVM ELECTRIC: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
PVM Electric, LLC, according to court dockets.
    
                      About PVM Electric LLC

PVM Electric, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 19-15977) on May 3,
2019.  At the time of the filing, the Debtor had estimated assets
of less than $1 million and liabilities of less than $1 million.
The case has been assigned to Judge Erik P. Kimball.  The Debtor is
represented by Aaron A. Wernick, Esq., at Furrcohen P.A.


QUINCY ST III: July 12 Plan Confirmation Hearing
------------------------------------------------
The Disclosure Statement explaining the Chapter 11 Plan of Quincy
St III Corp., is approved.

The Court will hold a hearing on confirmation of the Plan and on
any objections to confirmation of the Plan on July 12, 2019 at
10:00 a.m. in the Courtroom of the Honorable Robert D. Drain,
United States Bankruptcy Judge, United States Bankruptcy Court, 300
Quarropas Street, White Plains, New York 10601.

Ballot must be mailed or otherwise delivered not later than seven
(7) days prior to the Confirmation Hearing Date.

Any objection to confirmation of the Plan must be filed and served
on or before seven (7) days before the Confirmation Hearing Date.

                  About Quincy St III Corp.

Quincy St III Corp., filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 18-22294) on Feb. 22, 2018, estimating under $1
million in both assets and liabilities.  The Debtor hired Leo Fox,
Esq., as counsel.


QUOTIENT LIMITED: Completes $25 Million CE Marking Notes Offering
-----------------------------------------------------------------
Quotient Limited completed the closing of its offering of $25.0
million aggregate principal amount of its 12% senior secured notes
due 2024 (the "CE Marking Notes") issued pursuant to the Indenture,
and those certain purchase agreements, dated as of Jan. 15, 2019
and as amended on April 30, 2019, among the Company, the Guarantors
and the purchasers.

Prior to the CE Marking Notes Closing, the Company had previously
issued pursuant to the Indenture an initial $84.0 million aggregate
principal amount of its 12% senior secured notes on Oct. 14, 2016,
and an additional $36.0 million aggregate principal amount of its
12% senior secured notes on June 29, 2018.

The Company estimates that the net proceeds from the CE Marking
Notes Closing will be approximately $24.1 million, after deducting
the estimated CE Marking Notes Offering expenses payable by the
Company in connection with the CE Marking Notes Closing.  The CE
Marking Notes were sold only to qualified institutional buyers
within the meaning of Rule 144A under the Securities Act of 1933,
as amended.

The Company plans to use the net proceeds from the CE Marking
Notes, among other things, to pay $1.5 million into the Cash
Reserve Account pursuant to the Indenture and for general corporate
purposes.

The CE Marking Notes purchased by each Purchaser at the CE Marking
Notes Closing have the same terms as the Initial Notes and the
Additional Notes.  The issuance date of the CE Marking Notes is May
15, 2019 and the initial interest payment date of the CE Marking
Notes is Oct. 15, 2019.  In addition, interest on the CE Marking
Notes accrues commencing on May 15, 2019.  The CE Marking Notes
will be treated as a single series with the Initial Notes and the
Additional Notes, except that the CE Marking Notes will have a
different CUSIP number from that of the Initial Notes and the
Additional Notes and will not be fungible with the Initial Notes or
the Additional Notes for U.S. federal income tax purposes.

The CE Marking Notes purchased by each Purchaser at the CE Marking
Notes Closing, the related guarantees and the CE Marking Royalty
Rights have not been and will not be registered under the
Securities Act or the securities laws of any other jurisdiction and
may not be offered or sold in the United States without
registration or an applicable exemption from registration
requirements.  The holders of the CE Marking Notes do not have any
registration rights.

                    CE Marking Royalty Rights

In connection with the CE Marking Notes Closing, on May 15, 2019,
the Company entered into royalty right agreements with each of the
Purchasers, pursuant to which the Company sold to the Purchasers
the right to receive, in the aggregate, a payment equal to 0.4% of
the aggregate net sales of MosaiQ instruments and consumables in
the donor testing market in the European Union and the United
States.  The royalty will be paid semi-annually on March 20 and
September 20 of each year, and will be payable beginning on the
date that the Company or its affiliates makes its first sale of
MosaiQ consumables in the donor testing market in the European
Union or the United States and ending on the last day of the
calendar quarter in which the eighth anniversary of the first
contract date occurs.

                     About Quotient Limited

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

Quotient Limited reported a net loss of $105.4 million for the year
ended March 31, 2019, compared to a net loss of $82.33 million for
the year ended March 31, 2018.  As of March 31, 2019, the Company
had $177.8 million in total assets, $176.05 million in total
liabilities, and $1.71 million in total shareholders' equity.


RADIAN GROUP: S&P Rates $450MM Senior Unsecured Debt 'BB+'
----------------------------------------------------------
S&P Global Ratings said it assigned its 'BB+' senior debt rating to
Radian Group Inc.'s (BB+/Stable/--) $450 million 4.875% senior
unsecured notes due 2027.

The company intends to use the net proceeds from this debt issuance
and cash on hand to repay its 5.25% senior notes due 2020 and its
7.0% senior notes due 2021 through a tender offer. The remaining
proceeds (if any) would be used for general corporate purposes.
These senior unsecured notes will rank pari passu to all existing
and future unsecured and senior debt obligations.

Earlier this month, Radian used its cash on hand to repay the
$158.6 million senior notes due June 2019. Therefore, accounting
for the recent debt repayment and the proposed issuance, S&P
expects the group's pro forma financial leverage to be about 20% in
2019, improving toward 16% by 2021, while maintaining fixed-charge
coverage of greater than 7x.

  Ratings List

  Radian Group Inc.
  Issuer Credit Rating         BB+/Stable/--

  New Rating
  
  Radian Group Inc.
  US$450 mil Sr Unsecd Nts due 2027 BB+


RECRUITER.COM GROUP: Management Says Going Concern Doubt Exists
---------------------------------------------------------------
Recruiter.com Group, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $382,322 on $163,302 of revenue for the
three months ended March 31, 2019, compared to a net loss of
$306,203 on $244,947 of revenue for the same period in 2018.

At March 31, 2019, the Company had total assets of $9,585,735,
total liabilities of $1,870,750, and $7,714,985 in total
stockholders' equity.

The Company's management has evaluated whether there is substantial
doubt about the Company's ability to continue as a going concern
and has determined that substantial doubt existed as of March 31,
2019.  

Chief Executive Officer Miles Jennings and Chief Financial Officer
Robert Scherne said, " This determination was based on the
following factors: (i) the Company has a working capital deficit as
of March 31, 2019 and the Company's available cash as of the date
of this filing will not be sufficient to fund its anticipated level
of operations for the next 12 months; (ii) the Company will require
additional financing for the remainder of Fiscal 2019 to continue
at its expected level of operations; and (iii) if the Company fails
to obtain the needed capital, it will be forced to delay, scale
back, or eliminate some or all of its development activities or
perhaps cease operations.  In the opinion of management, these
factors, among others, raise substantial doubt about the ability of
the Company to continue as a going concern as of the date of the
end of the period covered by this Form 10-Q and for one year from
the issuance of the unaudited condensed consolidated financial
statements."

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

                       https://is.gd/yqiXOX

Recruiter.com Group, Inc., operates a platform for connecting
recruiters and employers.  It pairs enterprises with a network of
recruiters to drive the hiring of top talent faster and smarter.
The company offers recruitment services through its Job Market
technology platform; and resume distribution services, as well as
SHRM certified recruitment training services for recruiters.  In
addition, it provides marketing services primarily for B2B
specialized software and services businesses.  Recruiter.com Group
is based in Houston, Texas.



REGENT UNIVERSITY, VA: S&P Affirms 'BB+' Rating on Revenue Bonds
----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB+' rating on the Virginia
College Building Authority's revenue bonds, issued for Regent
University. The outlook is negative.

"The rating reflects our view of Regent's very strong enterprise
profile and vulnerable financial profile," said S&P Global Ratings
credit analyst Ying Huang.

Regent's very strong enterprise profile is characterized by healthy
enrollment growth in recent years; good student quality; weakened
selectivity and matriculation rates in fall 2018, following an
improving trend in the last few years; and overall modest
management policies and practices. Regent's vulnerable financial
profile reflects a history of sizable operating deficits, a history
of extraordinary endowment spending exceeding 10% in the last few
years, and an above-average maximum annual debt service burden.

"In our view, available resources, while declining, remain
sufficient for the rating level and help mitigate some of the
financial profile risks. We believe these combined credit factors
lead to an indicative stand-alone credit profile of 'bbb-'," S&P
said, adding that as its criteria indicate, the final rating can be
within one notch of the indicative credit level. "In our opinion,
the 'BB+' rating on the university's bonds better reflects Regent's
recent sizable operating deficits and extraordinary endowment
spending, which decreased its available resources rapidly."

"The negative outlook reflects our opinion of the continued
full-accrual deficit in fiscal 2018 that deteriorated from the
operating results of fiscal 2017 and was weaker than management's
projection. It also reflects our view that declines in liquidity
and endowment, coupled with operating deficits and above-average
endowment spending, could continue, leading to a credit profile
more consistent with a lower rating over the next year or two," the
rating agency said. S&P, however, understands management hopes to
control these pressures through enrollment and revenue growth as
well as cost containment, and it expects improved operations and
reduced endowment spending in the next couple of years.

As of June 30, 2018, total debt outstanding was about $123 million,
including about $37 million on the university's bank line of
credit, which is now secured by approximately $68 million of the
university's cash and investments as collateral.


RENNOVA HEALTH: Issues $1.25 Million in Debentures
--------------------------------------------------
Rennova Health, Inc., closed an offering of $1,250,000 aggregate
principal amount of Debentures due Dec. 31, 2019.  The offering was
pursuant to the terms of a Bridge Debenture Agreement, dated as of
June 13, 2019, between the Company and certain existing
institutional investors of the Company.  The Debentures are secured
and guaranteed by the Company's subsidiaries on the same terms as
provided in the Securities Purchase Agreement, dated as of Aug. 31,
2017.  The Debentures may also be exchanged for shares of the
Company's Series I-2 Convertible Preferred Stock under the terms of
the previously-announced Exchange Agreement, dated as of Oct. 30,
2017.  Commencing on Aug. 17, 2019, the Debentures will bear
interest on the outstanding principal amount at a rate of 2.5% per
month (increasing to 5% per month on
Oct. 12, 2019), payable quarterly beginning on Oct. 1, 2019.  All
overdue accrued and unpaid interest shall entail a late fee equal
to the lesser of 24% per annum or the maximum rate permitted by
applicable law.  Christopher Diamantis, a director of the Company,
is a guarantor of the Debentures.  Additionally, on or prior to
June 30, 2019, at the mutual election of the Company and the
investors, the investors may purchase an additional $1,250,000
principal amount on the same terms and conditions as provided in
the Agreement.

As previously announced, the Company issued debentures on
Feb. 24, 2019 in the aggregate principal amount of $300,000, on
March 27, 2019 in the aggregate principal amount of $300,000 and on
May 12, 2019 in the aggregate principal amount of $500,000. All of
these debentures were guaranteed by Mr. Diamantis and were due on
June 3, 2019.  In addition, the Company issued debentures on June
5, 2019 in the aggregate principal amount of $125,000 and on June
7, 2019 in the aggregate principal amount of $200,000. These
debentures were also guaranteed by Mr. Diamantis and were due on
July 20, 2019.  Under the Agreement, the maturity date of all of
the foregoing debentures was extended to Dec. 31, 2019 and the same
interest terms as contained in the Debentures were incorporated
into all of the foregoing debentures.

The Debentures were issued in reliance on the exemption from
registration contained in Section 4(a)(2) of the Securities Act of
1933, as amended, and by Rule 506 of Regulation D promulgated
thereunder as a transaction by an issuer not involving a public
offering.

                     About Rennova Health

Rennova Health, Inc. -- http://www.rennovahealth.com/-- operates
three rural hospitals in Tennessee and provides diagnostics and
supportive software solutions to healthcare providers.  

Rennova Health reported a net loss attributable to common
shareholders of $108.5 million for the year ended Dec. 31, 2017,
compared to a net loss attributable to common shareholders of
$32.61 million for the year ended Dec. 31, 2016.  As of Sept. 30,
2018, the Company had $19.43 million in total assets, $39.76
million in total liabilities, $5.83 million in redeemable preferred
stock I-1, $3.96 million in redeemable preferred stock I-2, and a
total stockholders' deficit of $30.13 million.

The report from the Company's independent accounting firm Green &
Company, CPAs, in Tampa, Florida, the Company's auditor since 2015,
on the consolidated financial statements for the year ended Dec.
31, 2017, includes an explanatory paragraph stating that the
Company has significant net losses, cash flow deficiencies,
negative working capital and accumulated deficit.  These conditions
raise substantial doubt about the company's ability to continue as
a going concern.


RESHAPE LIFESCIENCES: Operating Losses Cast Going Concern Doubt
---------------------------------------------------------------
ReShape Lifesciences Inc. filed its quarterly report on Form 10-Q,
disclosing a net loss (attributable to common shareholders) of
$4,476,000 on $3,074,000 of revenue for the three months ended
March 31, 2019, compared to a net loss (attributable to common
shareholders) of $11,233,000 on $139,000 of revenue for the same
period in 2018.

At March 31, 2019, the Company had total assets of $47,423,000,
total liabilities of $18,850,000, and $28,573,000 in total
stockholders' equity.

The Company currently is not generating revenue from operations
that is significant relative to its level of operating expenses,
and does not anticipate generating revenue sufficient to offset
operating costs in the short-term to mid-term.  The Company's
history of operating losses, limited cash resources and lack of
certainty regarding obtaining significant third-party reimbursement
for its products, raise substantial doubt about its ability to
continue as a going concern.  As of March 31, 2019, the Company had
US$1,828,000 of cash and cash equivalents.  

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

                       https://is.gd/Gd4gwX

ReShape Lifesciences Inc., a medical device company, focuses on the
design and development of devices that use neuroblocking technology
to treat obesity, metabolic diseases, and other gastrointestinal
disorders.  Its proprietary neuroblocking technology, vBloc Therapy
is designed to intermittently block the vagus nerve using
electrical impulses.  The company was formerly known as
EnteroMedics Inc. and changed its name to ReShape Lifesciences Inc.
in October 2017.  ReShape Lifesciences was founded in 2002 and is
headquartered in San Clemente, California.


ROKK3R INC: March 31 Financial Results Cast Going Concern Doubt
---------------------------------------------------------------
Rokk3r Inc. filed its quarterly report on Form 10-Q, disclosing a
net loss of $518,336 on $1,138,920 of total revenues for the three
months ended March 31, 2019, compared to a net loss of $924,317 on
$0 of total revenue for the same period in 2018.

At March 31, 2019, the Company had total assets of $4,268,169,
total liabilities of $672,068, and $774,370 in total shareholders'
equity.

As of March 31, 2019, the Company had working capital,
stockholders' equity, net loss and accumulated deficit of
$2,575,677, $774,370, $518,336 and $75,585,537, respectively.  The
Company had a cash balance of $1,942,032 at March 31, 2019.

President and Chief Executive Officer Nabyl Charania said, "These
conditions raise substantial doubt about the Company's ability to
continue as a going concern for twelve months from the issuance
date of this report.  Management cannot provide assurance that the
Company will ultimately achieve profitable operations or become
cash flow positive, or raise additional debt and/or equity
capital."

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

                       https://is.gd/2UO2cP

Rokk3r Inc. provides consulting services and related value
generating strategies through a technology platform.  It offers a
suite of services that is a hybrid network of human and machine
intelligence systems enabling early stage startup technology
companies and existing businesses to develop new products and
businesses.  The company offers its services for entrepreneurs,
strategists, creatives, and engineers to design, build, and launch
organizations.  The company was formerly known as Eight Dragons
Company and changed its name to Rokk3r Inc. in March 2018.  Rokk3r
Inc. is based in Miami, Florida. Rokk3r Inc. is a subsidiary of
Rokk3r Labs LLC.


ROOFTOP GROUP: U.S. Trustee Forms 3-Member Committee
----------------------------------------------------
The Office of the U.S. Trustee on June 13 appointed three creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 case of Rooftop Group International Pte. Ltd.

The committee members are:

     (1) Disney Consumer Products, Inc.
         c/o Alec M. Lipkind, Assistant General Counsel
         The Walt Disney Company
         77 West 66th Street, 15th Floor
         New York, NY 10023
         214-456-7176
         Alec.lipkind@disney.com

     (2) PICA Australia Pty., Ltd.
         c/o Sian Mimmo, Managing Director
         11/37 Kellor Park Drive
         Kellor Park 3042
         Australia
         +61 39336 7336
         +61 39336 4336 (fax)
         sian@pica.com.au

     (3) Begaline Limited
         c/o Tan Aik Keong, Director
         Vanterpool Plaza, 2nd Floor
         Wickams Cay1, Road Town          
         Tortola, British Virgin Islands

         Mailing Address:
         57B Devonshire Road #15-06  
         Singapore 239899
         +65 97331799  
         aikkeong@gmail.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 Rooftop Group Int'l

Rooftop Group International Pte. Ltd., based in Bellaire, TX, filed
a Chapter 11 petition (Bankr. N.D. Tex. Case No. 19-31443) on April
30, 2019.  In the petition signed by Darren Matloff, director, the
Debtor estimated $1 million to $10 million in assets and $50
million to $100 million in liabilities.  The Hon. Harlin DeWayne
Hale oversees the case.  The Debtor is represented by Reed Smith
LLP.


ROYALE ENERGY: Financial Results Cast Going Concern Doubt
---------------------------------------------------------
Royale Energy, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $2,637,183 on $973,276 of revenue for the
three months ended March 31, 2019, compared to a net loss of
$1,633,713 on $723,172 of revenues for the same period in 2018.

At March 31, 2019, the Company had total assets of $20,784,827,
total liabilities of $21,678,802, and $893,975 in total
stockholders' deficit.

The Company's primary sources of liquidity have historically been
issuances of common stock and operations.  The Company's
consolidated financial statements reflect an accumulated deficit of
$75,104,161, a working capital deficiency of $6,793,013 and a
stockholders' deficit of $893,975.  These factors raise substantial
doubt about the Company's ability to continue as a going concern,
however; the Company anticipates that its primary sources of
liquidity will be from the sale of oil and natural gas property,
participation interest and issuance of debt and/or equity.
Additionally, management plans to increase revenue and reduce
overhead and LOE costs, as a result of increased production in new
wells drilled.

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

                       https://is.gd/NdjMlf

Royale Energy, Inc., focuses on the acquisition, development, and
marketing of oil and natural gas in the United States.  Its
principal operations are located in California's Los Angeles and
Sacramento Basins.  The company was founded in 1986 and is based in
El Cajon, California.


RUSTIC STEEL: Ordered to File Plan and Disclosures Before Aug. 30
-----------------------------------------------------------------
Bankruptcy Judge Caryl E. Delano ordered Rustic Steel Creations,
Inc. to file a plan and disclosure statement on or before August
30, 2019.

(a) Pre− and post−petition financial performance;

(b) Reasons for filing Chapter 11;

(c) Steps taken by the Debtor since filing of the petition to
facilitate its reorganization;

(d) Projections reflecting how the Plan will be feasibly
consummated;

(e) A liquidation analysis; and

(f) A discussion of the Federal tax consequences as described in
section 1125(a)(1) of the Bankruptcy Code.

If the Debtor fails to file a Plan and Disclosure Statement by the
Filing Deadline, the Court will issue an Order to Show Cause why
the case should not be dismissed or converted to a Chapter 7 case.

            About Rustic Steel Creations, Inc.

Based in Tampa, Fla., Rustic Steel Creations, Inc. filed a
voluntary Chapter 11 petition (Bankr. M.D. Fla. Case No. 19-04467)
on May 10, 2019, listing under $1 million in both assets and
liabilities. David Jennis, P.A. represents the Debtor as counsel.


SAN JUAN ICE: Sept. 11 Hearing on Amended Plan and Disclosures
--------------------------------------------------------------
Bankruptcy Judge Mildred Caban Flores conditionally approved San
Juan Ice Inc.'s amended disclosure statement in support of its
amended plan.

Acceptances or rejections of the amended plan and any objection to
the final approval of the amended disclosure statement and/or
confirmation of the amended plan must be filed 14 days prior to the
confirmation hearing.

A hearing for the consideration of the final approval of the
amended disclosure statement and the confirmation of the amended
plan will be held on Sept. 11, 2019, at 9:00 AM, at the U.S.
Bankruptcy Court, Jose V. Toledo U.S. Post Office and Courthouse
Building, 300 Recinto Sur Street, Courtroom 3, Third Floor, San
Juan, Puerto Rico.

                  About San Juan Ice, Inc.

San Juan Ice Inc., based in San Juan, PR, filed a Chapter 11
petition (Bankr. D.P.R. Case No. 18-01784) on April 3, 2018.  In
the petition signed by Ramiro Rodriguez Pena, president, the Debtor
disclosed $580,495 in assets and $1.17 million in liabilities.  The
Hon. Mildred Caban Flores presides over the case.  Robert Millan,
Esq., at Millan Law Offices, serves as bankruptcy counsel.


SANUWAVE HEALTH: Needs More Capital to Continue as a Going Concern
------------------------------------------------------------------
SANUWAVE Health, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $2,197,317 on $177,963 of total revenues
for the three months ended March 31, 2019, compared to a net loss
of $5,856,655 on $344,272 of total revenues for the same period in
2018.

At March 31, 2019, the Company had total assets of $1,318,749,
total liabilities of $17,012,696, and $15,659,431 in total
stockholders' deficit.

The Company does not currently generate significant recurring
revenue and will require additional capital during 2019.  As of
March 31, 2019, the Company had an accumulated deficit of
$117,520,434 and cash and cash equivalents of $98,946.  For the
three months ended March 31, 2019 and 2018, the net cash used by
operating activities was $1,285,551 and $1,848,565, respectively.
The Company incurred a net loss of $2,197,317 for the three months
ended March 31, 2019.  The operating losses and the events of
default on the Company's short term notes payable, the Company's
convertible promissory notes and the notes payable, related parties
indicate substantial doubt about the Company's ability to continue
as a going concern for a period of at least twelve months from the
filing of this report.

Chief Executive Officer Kevin A. Richardson II said, "The
continuation of the Company's business is dependent upon raising
additional capital during the final three quarters of 2019 to fund
operations.  Management's plans are to obtain additional capital
through investments by strategic partners for market opportunities,
which may include strategic partnerships or licensing arrangements,
or raise capital through the conversion of outstanding warrants,
the issuance of common or preferred stock, securities convertible
into common stock, or secured or unsecured debt.  These
possibilities, to the extent available, may be on terms that result
in significant dilution to the Company's existing shareholders.
Although no assurances can be given, management of the Company
believes that potential additional issuances of equity or other
potential financing transactions should provide the necessary
funding for the Company to continue as a going concern.  If these
efforts are unsuccessful, the Company may be forced to seek relief
through a filing under the U.S. Bankruptcy Code."

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

                       https://is.gd/AQXN4U

SANUWAVE Health, Inc., a shock wave technology company, focuses on
the development and commercialization of noninvasive, high-energy,
and acoustic shock waves for regenerative medicine and other
applications worldwide. It markets and sells its devices and
accessories.  SANUWAVE Health was founded in 2005 and is
headquartered in Suwanee, Georgia.


SAVVY CHIC: Unsecured Creditors to Get 60 Monthly Payments
----------------------------------------------------------
Savvy Chic Management, Inc., filed a Chapter 11 plan and
accompanying disclosure statement proposing to pay allowed
unsecured creditors, classified in Class 3, a share pro rata in the
Unsecured Creditors Pool. The Debtor shall make 60 monthly payments
commencing on the Effective Date. The payments will be in an amount
necessary to pay all Allowed Claims of the Class 3 Creditors in
full.

Jessica Chandler launched Savvy Chic Management in 2009.  The
company did multiple endeavors such as owned a mobile boutique, a
clothing store, and also flipped real estate, did interior projects
and also did a business development for medical companies and
commercial Architect firms.  In 2015, after giving birth, Ms.
Chandler had the idea of taking 3 separate machines and putting
them one after the other to create a 3 step process to drain the
lymphatic system naturally of its fat cells.  After seeing how this
process changed her body, (she lost the 80 pounds in 6 weeks) Ms.
Chandler wanted to help others and opened the first store in Frisco
Texas.  After hundreds of 5-star reviews and clients emailing how
the services changed their lives, more stores were opened locally
and Ms. Chandler decided to start letting others have the
opportunity to own their very own stores.

The Debtor anticipates the continued operations of the business to
fund the Plan. Additionally, the Debtor shall employ counsel to
represent and pursue the litigation against the former franchisees.
In order to continue operations the Debtor will sell licenses to
operate the locations using the Debtor's procedure. Equipment will
be provided to the new locations on credit by Wellness.

A full-text copy of the Disclosure Statement dated May 30, 2019, is
available at https://tinyurl.com/y4m28rdt from PacerMonitor.com at
no charge.

Based in Frisco, Texas, Savvy Chic Management, Inc., filed a
Chapter 11 petition (Bankr. E.D. Tex. Case No. 19-40196) on January
25, 2019, and is represented by Eric A. Liepins, Esq.


SENIOR CARE: Baker Donelson Represents Lancaster, Greystone
-----------------------------------------------------------
In Senior Care Centers, LLC, et al.'s Chapter 11 proceedings,
Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C., filed a
statement pursuant to F.R.B.P. Rule 2019 to disclose its
representation of multiple entities:

    1. Lancaster Pollard Mortgage Company LLC
       c/o Susan C. Mathews  
       Baker, Donelson, Bearman, Caldwell & Berkowitz, PC
       1300 McKinney, Suite 3700
       Houston, TX 77010

    2. Greystone Servicing Corporation, Inc.
       c/o Daniel J. Ferretti
       Baker, Donelson, Bearman, Caldwell & Berkowitz, PC
       1300 McKinney, Suite 3700
       Houston, TX 77010

The claims and/or rights of Lancaster Pollard and Greystone
Servicing arose solely by virtue of their respective contractual,
statutory, and/or common law rights and by operation of law.   

Lancaster Pollard provided HUD financing for 21 of the Debtors'
facilities.  These loans were made to non-debtor entities which are
affiliated with Granite Investment Group ("Granite  Loan").
Lancaster Pollard's affiliate Red Mortgage Capital, LLC provided
HUD financing for an additional facility, known as Windcrest
Nursing and Rehabilitation, located at 210 West Windcrest Street,
Fredericksburg, Texas ("Non-Granite Loan").  The Non-Granite Loan
was made to non-debtor entity J-S Fredericksburg Realty, LP and is
operated by debtor PM Management - Fredericksburg NC, LLC.  

The LP Loans are secured by (i) first priority liens and security
interests on the real property and improvements which are owned by
the non-debtor entities; (ii) assignments of leases for the
facilities executed by the Debtors who operate the facilities which
are covered by the Granite Loans, and (iii) first priority security
interests in certain Debtors' furniture, fixtures, equipment, and
other personal property owned by certain of the Debtors ("Debtor
Collateral") used at those facilities.  Currently, the aggregate
outstanding principal balance of the LP Loans exceeds $162,629,251,
excluding any accrued unpaid interest, attorneys' fees, costs, and
expenses.  Baker Donelson's representation of Lancaster  Pollard
(and its affiliates) relates to the protection and enforcement of
Lancaster Pollard's (or its  affiliates') interests in the  Leases
and the  Debtor  Collateral.

Greystone Servicing made a $16,600,000 loan to non-debtor entity
Granite Valley Grande, LLC on or about June 30, 2015 (the "Valley
Grande Loan").  Pursuant to a Deed of Trust dated June 30,  2015
made by Granite Valley Grande, LLC in favor of Greystone Servicing
(the "Deed of Trust"), this loan is secured by the facility located
at 901 Wildrose Lane, Brownsville, Texas 78520 (the "Valley Grande
Facility"), which is owned by Granite Valley Grande, LLC and leased
to debtors Senior Care Centers, LLC, as master tenant and Valley
Grande SCC, LLC as subtenant.  Under the Deed of Trust, Granite
Valley Grande, LLC, assigned to Greystone Servicing the interest of
Granite Valley Grande, LLC in the leases and rents from the Valley
Grande Facility, together with any liens or security interests of
Granite Valley Grande, LLC, in the property of the tenants under
such assigned leases.  Greystone Servicing does not currently
assert any interest in any property of the Debtors other than the
interests assigned to Greystone Servicing under the Deed of Trust,
and upon information and belief the Debtors are not obligors with
respect to the Valley Grande Loan.  Currently, the aggregate
outstanding balance of the Valley Grande Loan, inclusive of
interest, fees, and costs (including legal costs) exceeds
$16,716,080.  Baker Donelson's representation of Greystone
Servicing relates to the protection and enforcement of Greystone
Servicing's interests in the Valley Grande Facility.

Baker Donelson was retained by Lancaster Pollard to represent the
lender in connection with the origination of the loans in 2017. Jim
Levine of Baker Donelson acted as lead counsel on this engagement.
More recently, Lancaster Pollard engaged John R.  Rowland and Susan
C. Mathews of the Firm to represent it in connection with the
Debtors' Chapter 11 bankruptcy filings.

Baker Donelson was retained  by  Greystone Servicing to represent
the lender in connection with the origination of the Valley Grande
Loan in 2015.  Jim Levine of Baker Donelson acted as lead counsel
on this engagement.  

The firm can be reached at:

         Susan C. Mathews, Esq.
         Daniel J. Ferretti, Esq.
         BAKER, DONELSON, BEARMAN, CALDWELL & BERKOWITZ, PC
         1300 McKinney, Suite 3700
         Houston, TX 77010
         Telephone: (713) 650-9700
         Facsimile: (713) 650-9701
         E-mail: smathews@bakerdonelson.com
                 dferretti@bakerdonelson.com

                   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.

On Dec. 14, 2018, the Office of the United States Trustee appointed
an official committee of unsecured creditors in the Chapter 11
cases.  The committee tapped Greenberg Traurig, LLP, as counsel,
and FTI Consulting, Inc., as its financial advisor.




SENIOR CARE: Bryan Cave Represents OLP, Round Rock
--------------------------------------------------
In Senior Care Centers, LLC, et al.'s Chapter 11 proceedings, Bryan
Cave Leighton Paisner, LLP, submitted a verified statement pursuant
to Rule 2019 of the Federal Rules of Bankruptcy Procedure to
disclose that it represents:

    1. OLP Wyoming Springs LLC ("OLP")
       60 Cutter Mill Road, Suite 303
       Great Neck, New York 11021

    2. Round Rock Business Park,LP
       d/b/a Park West Corporate Centers

OLP Wyoming's claim is $2,797,611 arising under the Lease
Agreement, including 11 U.S.C. Sec. 502(b)(6).  Round Rock's claim
is unknown.

Counsel for OLP Wyoming Springs and Round Rock Business Park:

         Keith M. Aurzada, Esq.
         Michael P. Cooley, Esq.
         Bradley J. Purcell, Esq.
         Lindsey L. Robin, Esq.
         BRYAN CAVE LEIGHTON PAISNER, LLP
         2200 Ross Avenue, Suite 3300
         Dallas, TX 75201
         Tel: 214-721-8000
         Fax: 214-721-8100
         E-mail: keith.aurzada@bclplaw.com
                 michael.cooley@bclplaw.com
                 bradley.purcell@bclplaw.com
                 lindsey.robin@bclplaw.com

                   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.

On Dec. 14, 2018, the Office of the United States Trustee appointed
an official committee of unsecured creditors in the Chapter 11
cases.  The committee tapped Greenberg Traurig, LLP, as counsel,
and FTI Consulting, Inc., as its financial advisor.


SERES THERAPEUTICS: Stockholders Elect Four Directors
-----------------------------------------------------
Seres Therapeutics, Inc., held its annual meeting of stockholders
on June 13, 2019, at which the stockholders elected Dennis A.
Ausiello, M.D., Willard H. Dere, M.D., Roger J. Pomerantz, M.D.,
and Eric D. Shaff as Class I directors to serve until the 2022
Annual Meeting of Stockholders, and until their respective
successors have been duly elected and qualified.  The stockholders
also ratified the appointment of PricewaterhouseCoopers LLP as the
Company's independent registered public accounting firm for the
year ending Dec. 31, 2019.

                    Underwriting Agreement

On June 13, 2019, the Company entered into an underwriting
agreement with Goldman Sachs & Co. LLC and Cowen and Company, LLC,
as representatives of the several underwriters, in connection with
the issuance and sale by the Company in a public offering of
26,666,667 shares of the Company's common stock at a public
offering price of $2.25 per share, less underwriting discounts and
commissions, pursuant to an effective shelf registration statement
on Form S-3 (Registration No. 333-216735) and a related prospectus
supplement filed with the Securities and Exchange Commission.
Under the terms of the Underwriting Agreement, the Company has also
granted the Underwriters an option exercisable for 30 days to
purchase up to an additional 2,666,666 shares of its common stock
at the public offering price, less underwriting discounts and
commissions.  The closing of the offering is expected to occur on
or about June 18, 2019, subject to the satisfaction of customary
closing conditions.  

The Company expects to receive net proceeds from the offering of
approximately $56.0 million, or approximately $61.7 million if the
Underwriters exercise their option to purchase additional shares in
full, after deducting underwriting discounts and commissions and
estimated offering expenses payable by the Company.  The Company
intends to use the net proceeds of this offering to advance the
development of its product candidates and for other general
corporate and working capital purposes. The Company believes that
its cash, cash equivalents and investments, together with the net
proceeds from this offering, will fund its operations into the
first quarter of 2021.

The Underwriting Agreement contains customary representations,
warranties and agreements by the Company, customary conditions to
closing, indemnification obligations of the Company and the
Underwriters, including for liabilities under the Securities Act of
1933, as amended, other obligations of the parties and termination
provisions.

                    About Seres Therapeutics

Seres Therapeutics, Inc. (Nasdaq: MCRB) --
http://www.serestherapeutics.com/-- is a microbiome therapeutics
platform company developing a novel class of biological drugs that
are designed to treat disease by restoring the function of a
dysbiotic microbiome, where the state of bacterial diversity and
function is imbalanced.  Seres' SER-287 program has obtained Fast
Track and Orphan Drug designation from the U.S. Food and Drug
Administration and is being evaluated in a Phase 2b study in
patients with active mild-to-moderate ulcerative colitis.  Seres'
SER-109 program has obtained Breakthrough Therapy and Orphan Drug
designations from the FDA and is in Phase 3 development for
recurrent C. difficile infection. Seres is also developing SER-401
in a Phase 1b study in patients with metastatic melanoma.

Seres Therapeutics incurred a net loss of $98.94 million in 2018
following a net loss of $89.38 million in 2017.  As of March 31,
2019, Seres Therapeutics had $107.04 million in total assets,
$176.87 million in total liabilities, and a total stockholders'
deficit of $69.83 million.

PricewaterhouseCoopers LLP, in Boston, Massachusetts, the Company's
auditor since 2014, issued a "going concern" opinion in its report
dated March 6, 2019, on the Company's consolidated financial
statements for the year ended Dec. 31, 2018, citing that the
Company has incurred losses and negative cash flows from operations
since its inception, that raise substantial doubt about its ability
to continue as a going concern.


SHERIDAN INVESTMENT I: Moody's Cuts Corp Family Rating to 'Ca'
--------------------------------------------------------------
Moody's Investors Service downgraded Corporate Family Ratings of
Sheridan Investment Partners I, LLC, Sheridan Production Partners
I-A, L.P., and Sheridan Production Partners IM, L.P. to Ca from
Caa3, appended a limited default designation to the probability of
default ratings to Ca-PD/LD from Ca-PD and downgraded ratings on
the senior secured term loans to Ca from Caa3. The outlook remains
negative.

Downgrades:

Issuer: Sheridan Investment Partners I, LLC

Corporate Family Rating, Downgraded to Ca from Caa3

Senior Secured Term Loan, Downgraded to Ca (LGD3) from
Caa3 (LGD3)

Issuer: Sheridan Production Partners I-A, LP

Corporate Family Rating, Downgraded to Ca from Caa3

Senior Secured Term Loan, Downgraded to Ca (LGD3) from
Caa3 (LGD3)

Issuer: Sheridan Production Partners I-M, LP

Corporate Family Rating, Downgraded to Ca from Caa3

Senior Secured Term Loan, Downgraded to Ca (LGD3) from
Caa3 (LGD3)

Outlook Actions:

Issuer: Sheridan Investment Partners I, LLC

Outlook, Remains Negative

Issuer: Sheridan Production Partners I-A, LP

Outlook, Remains Negative

Issuer: Sheridan Production Partners I-M, LP

Outlook, Remains Negative

Affirmations:

Issuer: Sheridan Investment Partners I, LLC

Probability of Default Rating, Affirmed Ca-PD/LD (/LD appended)

Issuer: Sheridan Production Partners I-A, LP

Probability of Default Rating, Affirmed Ca-PD/LD (/LD appended)

Issuer: Sheridan Production Partners I-M, LP

Probability of Default Rating, Affirmed Ca-PD/LD (/LD appended)

RATINGS RATIONALE

The downgrade of the ratings and the negative outlook reflect the
company's increasing likelihood of default. Combined with the
company's weak liquidity, Sheridan's credit profile points to an
untenable capital structure, unless the company is able to reduce
its debt burden by executing on any potential asset sales. Although
Sheridan I's 2019 production is substantially hedged, the company's
ability to generate only modest cash flow through 2019 creates
uncertainty around its 2019 capital investment and production
growth, limiting its ability to repay debt from cash flows.

There is a high degree of uncertainty about the sale of assets that
Moody's sees as the principal source of repayment of the amounts
outstanding under the Term Loan and the Reserve Based Loan. Without
these asset sales, there is a high likelihood that Sheridan I will
need to restructure its debt, which Moody's would view as a
default.

Sheridan continues to work with its lenders towards agreement on
the amendment and extension of the Reserve Based Loan and Term
Loan. The Reserved Based Loan matured on May 7, 2019 and its
lenders have granted forbearance through June 14 2019. Approval of
the amendment and extension requires 100% lender consent. Absent
this approval, Sheridan may need to consider non-consensual debt
restructuring, which Moody's would consider to be a default.

The ratings could be downgraded in the event of a default on debt
maturities or balance sheet restructuring. The upgrade of the
ratings is unlikely given the stressed balance sheet, as well as
the structure of the funds, which requires a gradual liquidation of
the asset base over time.


SLIGO PARKWAY: Concludes Negotiation with Deutsche Bank
-------------------------------------------------------
Sligo Parkway LLC and Edward Woody, the Debtor's equity security
holder, filed a Fifth Amended Joint Plan of Reorganization and
accompanying disclosure statement disclosing that the Debtor and
its management have successfully concluded a negotiation with
Deutsche Bank and have established value parameters for the liens
that are asserted against the Debtor's property.

Class 4. Class 4 Claim are impaired. Deutsche Bank asserts a
secured claim against Debtor pursuant to a security interest in the
Firestone Property. The treatment of Deutsche Bank is done pursuant
to and in conformity with the Consent Order Modifying Automatic
Stay, Establishing Allowed Secured Claim, Restructuring Obligations
and Granting Other Relief entered by the Court on April 1, 2019.
Deutsche Bank will retain its lien in the Firestone Property.
Debtor and Deutsche Bank have agreed that the principal balance of
the Allowed Secured Claim of Deutsche Bank will be $808,000.

The Debtor will repay the Class 4 claim by making a stream of
payments to the holder of the Class 4 claim over the term set forth
below, as follows:

   -- Term: one hundred twenty (120) months of interest only
payments beginning March 1, 2019, with a balloon payment of all
outstanding principal, interest and any other charges to be made on
the first day of the following month, Debtor estimating that such
payment will be equal to
$808,000;

   -- Principal Balance: $808,000

   -- Interest rate: 4.4% per annum

   -- Balloon payment: On the first day of March, 2029, Debtor will
pay Deutsche Bank, or its successors, a balloon payment of all
outstanding principal (limited to $808,000), interest and any other
charges that may have accrued after April 1, 2019.

The unsecured portion of the Total Deutsche Bank Claim will be
included in Class 7 under this Plan and treated as a general
unsecured claim.  The Debtor anticipates that this Class 7 claim
will be approximately $682,940.50. The Class 4 Claim is impaired.

A full-text copy of the Fifth Amended Disclosure Statement dated
May 30, 2019, is available at https://tinyurl.com/y54p2hc8 from
PacerMonitor.com at no charge.

Counsel to the Debtor is Richard S. Basile, Esq., in Greenbelt,
Maryland.

Counsel for Edward Woody is Ronald J. Drescher, Esq., at Drescher &
Associates, P.A., in Baltimore, Maryland.

                    About Sligo Parkway

Sligo Parkway listed its business as a single asset real estate (as
defined in 11 U.S.C. Section 101(51B)).  It owns a fee simple
interest in a property located at 415 Firestone Drive Silver
Spring, Maryland 20906, valued at $842,204.  The Debtor previously
sought bankruptcy protection on July 9, 2015 (Bankr. D. Md. Case
No. 15-19754).

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Md. Case No. 17-20745) Aug. 9, 2017, listing $842,229 in total
assets and $1.12 million in total liabilities.  The petition was
signed by Edward Woody, managing member.

Judge Thomas J. Catliota presides over the case.

Richard S. Basile, Esq., at Richard Basile, Esq., serves as the
Debtor's counsel.


SPORTS FIELD HOLDINGS: Operating Results Cast Going Concern Doubt
-----------------------------------------------------------------
Sports Field Holdings, Inc., filed its quarterly report on Form
10-Q, disclosing a net loss of $12,192 on $2,448,258 of total
revenue for the three months ended March 31, 2019, compared to a
net loss of $571,850 on $762,546 of total revenue for the same
period in 2018.

At March 31, 2019, the Company had total assets of $2,027,427,
total liabilities of $10,274,312, and $8,246,885 in total
stockholders' deficit.

Chief Executive Officer Jeromy Olson said, "Our historical
operating results indicate substantial doubt exists related to the
Company's ability to continue as a going concern.  As reflected in
the accompanying consolidated financial statements, as of March 31,
2019 the Company had a working capital deficit of $7,298,073.  The
Company had losses of $12,192 for the three months ended March 31,
2019 and $571,850 for the three months ended March 31, 2018, and
had an accumulated deficit of $19,578,722 at March 31, 2019.
Substantially all of our accumulated deficit has resulted from
losses incurred on construction projects, costs incurred in
connection with our research and development and general and
administrative costs associated with our operations.  These factors
raise substantial doubt about the Company's ability to continue as
a going concern through May 20, 2020."

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

                       https://is.gd/IiwLCo

Sports Field Holdings, Inc., a product development company, engages
in the design, engineering, and construction of athletic fields and
facilities, and sports complexes.  It develops, sells, and installs
PrimePlay line of synthetic turf and track products, infill
materials, and shock/drainage pads; and Replicated Grass synthetic
turf systems.  The company's target markets include colleges,
universities, high schools, primary schools, municipal parks and
recreations departments, commercial and residential landscaping
projects, private club sports associations, and independent
athletic training facilities, as well as golf and golf related
activities.  Sports Field Holdings was founded in 2011 and is
headquartered in St. Charles, Illinois.


STRATOS ENTERPRISES: Unsecured Creditors to Get $1,000 Under Plan
-----------------------------------------------------------------
Stratos Enterprises, Inc., filed a Chapter 11 plan and accompanying
disclosure statement proposing that holders of general unsecured
claims will share in a one time distribution of a $1000.  The
distribution of the funds shall be on a pro-rata basis.

Class 2 - Secured claim of North Louisiana Bidco, LLC, are
impaired. The Semi-Annual Payments of $13,000.  The Payments will
start on August 15, 2019 and it ends on February 15, 2034.

Payments and distributions under the Plan will be funded by the
following: Almost all of the funding for the plan will come from
the general operating account of the Debtor as the Debtor conducts
business. The Plan estimates good cash flow from the summer and
winter fireworks sales and shall use the funds to pay the operating
expenses of the Debtor and pay the claims specified in this plan as
required by the plan. In addition, the Equity Share Holder, Farra
Shaw, shall contribute $1,000 as New Money to fund the plan to as
compensation to retain her interest as an equity share holder.

A full-text copy of the Disclosure Statement dated May 30, 2019, is
available at https://tinyurl.com/y4x266da from PacerMonitor.com at
no charge.

                   About Stratos Enterprises

Stratos Enterprises, Inc., doing business as Boomers School Supply
-- myboomers.net -- located at 2009 Martin Luther King, Jr., Drive
Monroe, LA 71202, is a locally owned and operated company that
operates a store that sells fireworks, school supplies and
inflatable slides.

Stratos Enterprises, Inc., sought Chapter 11 protection (Bankr.
W.D. La. Case No. 18-31276) on Aug. 11, 2018.  In the petition
signed by Farra Shaw, president, the Debtor estimated assets in the
range of $500,000 to $1 million and $1 million to $10 million in
debt.  Judge Jeffrey P. Norman is the case judge.  The Debtor
tapped James W. Spivey, II, Esq., at James W. Spivey II, as
counsel.


SUNSHINE BIOPHARMA: Recurring Losses Cast Going Concern Doubt
-------------------------------------------------------------
Sunshine Biopharma, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $202,542 on $119,728 of revenue for the
three months ended March 31, 2019, compared to a net loss of
$265,636 on $91,168 of revenue for the same period in 2018.

At March 31, 2019, the Company had total assets of $1,246,949,
total liabilities of $1,458,721, and $211,772 in total
shareholders' deficit.

Since inception, the Company has had recurring operating losses and
negative operating cash flows.  These factors raise substantial
doubt about the Company's ability to continue as a going concern.

Principal Executive Officer Dr. Steve N. Slilaty and Camille
Sebaaly said, "The Company's continuation as a going concern is
dependent on its ability to obtain additional financing to fund
operations, implement its business, and ultimately, attain
profitability.  The Company will need to secure additional funds
through various means, including equity and debt financing.  There
can be no assurance that the Company will be able to obtain
additional equity or debt financing, if and when needed, on terms
acceptable to the Company, or at all.  Any additional equity or
debt financing may involve substantial dilution to the Company's
stockholders, restrictive covenants or high interest costs.  The
Company's long-term liquidity also depends upon its ability to
generate revenues and achieve profitability."

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

                       https://is.gd/oGcVJo

Sunshine Biopharma, Inc., a pharmaceutical company, focuses on the
research, development, and commercialization of drugs for the
treatment of various forms of cancer.  The company is developing
Adva-27a, a GEM-difluorinated C-glycoside derivative of
podophyllotoxin, which destroys multidrug resistant cancer cells,
including pancreatic cancer, breast cancer, small-cell lung cancer,
and uterine sarcoma cells. It also provides generic prescription
drugs for the treatment of breast cancer, prostate cancer, and
benign prostatic hyperplasia; chemical analysis of pharmaceutical
and other industrial samples; and Essential 9, a dietary
supplement. T he company is headquartered in Pointe-Claire,
Canada.



TARGET GROUP: Needs Sufficient Cash Flows to Remain Going Concern
-----------------------------------------------------------------
Target Group Inc. filed its quarterly report on Form 10-Q,
disclosing a net loss of $1,139,758 on $0 of revenue for the three
months ended March 31, 2019, compared to a net profit of $220,743
on $263 of revenues for the same period in 2018.

At March 31, 2019, the Company had total assets of $19,943,339,
total liabilities of $8,851,084, and $11,092,255 in total
stockholders' equity.

Chief Executive Officer Rubin Schindermann said, "The Company has
minimal revenue since inception to date and has sustained operating
losses during the three months ended March 31, 2019.  The Company
had working capital deficit of $3,470,378 and an accumulated
deficit of $10,234,712 as of March 31, 2019.  The Company's
continuation as a going concern is dependent on its ability to
generate sufficient cash flows from operations to meet its
obligations and/or obtaining additional financing from its members
or other sources, as may be required.

"The unaudited condensed consolidated interim financial statements
have been prepared assuming that the Company will continue as a
going concern up-to at least 12 months from the balance sheet date;
however, the above condition raises substantial doubt about the
Company's ability to do so.  The condensed consolidated unaudited
financial statements do not include any adjustments to reflect the
possible future effects on the recoverability and classification of
assets or the amounts and classifications of liabilities that may
result should the Company be unable to continue as a going
concern.

"In order to maintain its current level of operations, the Company
will require additional working capital from either cash flow from
operations or from the sale of its equity.  However, the Company
currently has no commitments from any third parties for the
purchase of its equity.  If the Company is unable to acquire
additional working capital, it will be required to significantly
reduce its current level of operations."

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

                       https://is.gd/z3ij8D

Target Group Inc. cultivates, processes, and distributes curated
cannabis products for the adult-use medical and recreational
cannabis market in Canada. It also offers Wisp, a single-use
pre-measured pod and vaporizer system for consumers involved in
vaporizing natural herbs, including cannabis. The company was
formerly known as Chess Supersite Corporation and changed its name
to Target Group Inc. in July 2018.  Target Group was founded in
2013 and is based in Vaughan, Canada.


TARONIS TECHNOLOGIES: 1Q 2019 Results Casts Going Concern Doubt
---------------------------------------------------------------
Taronis Technologies, Inc., filed its quarterly report on Form
10-Q, disclosing a net loss of $6,162,398 on $4,913,332 of revenue
for the three months ended March 31, 2019, compared to a net loss
of $3,019,441 on $1,171,753 of revenue for the same period in
2018.

At March 31, 2019, the Company had total assets of $44,111,132,
total liabilities of $11,488,312, and $32,622,820 in total
stockholders' equity.

As of March 31, 2019, the Company had cash of $356,512 and has
reported a net loss of $6,162,398 and has used cash in operations
of $3,577,328 for the three months ended March 31, 2019.  In
addition, as of March 31, 2019, the Company has a working capital
of $204,651 and an accumulated deficit of $85,782,109.  The Company
utilizes cash in its operations of approximately $1,190,000 per
month.  These conditions indicate that there is substantial doubt
about the Company's ability to continue as a going concern within
one year from the issuance date of the financial statements.

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

                       https://is.gd/75WKvc

Taronis Technologies, Inc., a technology-based company, focuses on
addressing the constraints on natural resources primarily in the
United States.  The company offers MagneGas, a hydrogen-based
synthetic fuel that is used as an alternative to acetylene and
other natural gas derived fuels for metal cutting and other
commercial uses.  It also provides Plasma Arc Flow System for
MagneGas production, or water decontamination and sterilization.
In addition, the company sells and licenses its proprietary plasma
arc technology for gasification and the processing of liquid waste.
It distributes and sells MagneGas fuel, and other gases and
welding supplies through retail locations.  The company was
formerly known as MagneGas Applied Technology Solutions, Inc. and
changed its name to Taronis Technologies, Inc. in January 2019.
Taronis Technologies was founded in 2005 and is headquartered in
Clearwater, Florida.



TECHNICAL COMMUNICATIONS: Elects Ralph Norwood as Director
----------------------------------------------------------
Ralph M. Norwood was elected as a Class I member of Technical
Communications Corporation's Board of Directors to complete the
term of Mitchell Briskin, who passed away in May 2018.  Mr. Norwood
has also been elected to serve on the Audit Committee and the
Compensation, Nominating and Governance Committee of the Board.
The election of Mr. Norwood puts the Company in compliance with
NASDAQ listing requirement 5605(c)(2), which requires that the
Company's Audit Committee be comprised of at least three directors,
all of whom are independent.

Mr. Norwood will complete the remainder of Mr. Briskin's term,
which expires at the 2019 Annual Shareholders Meeting, now expected
to be held in August.  Over his career, Mr. Norwood has held
several executive-level positions focusing on financial management
with both publicly-traded and privately-held companies.  He most
recently served as chief financial officer for CPS Technologies
Corp. (NASDAQ:CPSH).  Mr. Norwood also will serve on the Audit and
the Compensation, Nominating and Governance Committees of TCC's
Board of Directors.

               About Technical Communications

Concord, Massachusetts-based Technical Communications Corporation
-- http://www.tccsecure.com/-- specializes in secure
communications systems and customized solutions to protect highly
sensitive voice, data and video transmitted over a wide range of
networks.  

Technical Communications reported a net loss of $1.43 million for
the year ended Sept. 30, 2017, compared to a net loss of $2.47
million for the year ended Oct. 1, 2016.  As of June 30, 2018, the
Company had $3.84 million in total assets, $481,543 in total
current liabilities and $3.36 million in total stockholders'
equity.

Moody, Famiglietti & Andronico, LLP, in Tewksbury, Mass., issued a
"going concern" opinion in its report on the consolidated financial
statements for the year ended Sept. 30, 2017, citing that the
Company has an accumulated deficit, has suffered significant net
losses and negative cash flows from operations and has limited
working capital that raise substantial doubt about its ability to
continue as a going concern.


TPG PACE: Signs Business Definitive Combination Deal with Accel
---------------------------------------------------------------
Accel Entertainment, Inc.'s shareholders have entered into a
definitive business combination agreement with TPG Pace Holdings
Corp., a special-purpose acquisition company sponsored by an
affiliate of TPG.  The combined company will retain the Accel
Entertainment name and will be a publicly listed company with an
anticipated initial enterprise value of approximately $884 million
with de minimis leverage on its balance sheet.  The transaction
will help accelerate Accel's multi-state expansion plans.

Accel is a video gaming terminal operator in the United States,
offering a full suite of state-of-the-art products and games from
top manufacturers to bars, restaurants, gaming cafes, convenience
stores and truck stops, operating more than 8,000 live slot
machines in over 1,700 locations.  With Accel's turnkey
gaming-as-a-service solution, local business partners can drive
higher in-store foot traffic and maximize their sales per square
footage, resulting in increased operating margins, earnings and
local employment.  Accel enters into long-term contracts with
location owners and takes a partnership approach to helping its
partners grow their businesses.  TPG Pace expects Accel to generate
more than $100 million of Adjusted EBITDA in 2020.

With this transaction, Accel will be the only pure-play listed
company to focus on the gaming-as-a-service opportunity.  This
transaction will expedite Accel's growth strategy tied to the
increasing adoption of video gaming across the United States.  As a
public company, Accel is expected to drive shareholder returns
through its significant, highly visible earnings growth, strong
free cash flow and attractive valuation relative to peers.  Accel
has contractual agreements representing more than $3 billion of
revenue with its local operating partners, with an average
remaining contract life of 7.5 years that provide a high level of
recurring revenue.

Accel's management team, led by Co-Founder and CEO Andy Rubenstein,
will continue to lead the company following the close of the
transaction.  Gordon Rubenstein, Accel co-founder, will remain on
the Company's board of directors.  It is contemplated that upon
closing of the transaction Karl Peterson, TPG Pace president and
CEO, will join the Company's board as Chairman. Hollie Haynes, the
founder and managing partner of Luminate Capital Partners, and
Kathleen Philips, former CFO and chief legal officer of Zillow
Group, will also be joining Accel's board of directors subject to
any applicable regulatory approvals.

"Accel has spent the last decade establishing itself as the gold
standard in the gaming-as-a-service industry, delivering high
levels of growth and profitability," said Karl Peterson, president
and CEO of TPG Pace.  "This transaction is perfectly aligned with
our business objectives.  Not only is Accel itself a leader, but
gaming-as-a-service is one of the fastest growing segments in
gaming with a substantial addressable market.  Andy and his team
have built an outstanding company that is well positioned to
continue its rapid growth.  We look forward to working closely with
the Accel team as they embark on their next chapter and bring this
B2B solution to new markets."

"We are extremely excited to be partnering with TPG Pace as we
continue to execute on our strategic growth plan as a publicly held
company," said Andy Rubenstein, co-founder and CEO of Accel. "Karl
and his team have an extensive track record of value creation,
especially in situations where they have helped private companies
with high growth potential achieve tremendous success in the public
markets.  With the TPG Pace team on board, we will be able to
leverage their relevant insights, differentiated capabilities and
operational expertise as we enter this next phase of growth for
Accel.  As a publicly listed company, we look forward to accessing
increased capital to further support our expansion, while remaining
laser focused on continuing to deliver to our current location
partners the products and services they require to generate
additional revenue."

In addition, TPG Pace announced that it has raised $45 million in a
private placement of common stock (the "PIPE") at $10.22 per share.
The PIPE capital commitment, as typical, is coming from the
management team of TPG Pace, other partners of TPG, certain
institutional investors as well as other senior industry executives
from TPG's network.

TPG Pace's strategy is to identify and acquire businesses that are
better suited to generate strong returns in a public market while
benefitting from TPG's global ecosystem.  Throughout their tenure
at TPG, the members of TPG Pace's management team have led the
firm's recent efforts to sponsor companies in the public markets
including independent oil producer Magnolia Oil & Gas Corporation
(NYSE:MGY); leading owner, operator, and developer of premier
all-inclusive resorts Playa Hotels & Resorts (NASDAQ:PLYA); leading
travel technology and software provider Sabre Corporation
(NASDAQ:SABR); global cruise ship operator Norwegian Cruise Line
(NYSE:NCLH); leading specialty chemical producer Kraton Corporation
(NYSE: KRA); and Northern Tier Energy LP (NYSE: NTI), which was a
leading downstream energy limited partnership prior its merger with
Western Refining Inc.

Key Transaction Terms

The transaction will be effected pursuant to the Transaction
Agreement entered into by and among TPG Pace Holdings and the
shareholders of Accel.  Immediately prior to the consummation of
the transaction, additional investors, including affiliates of TPG
Pace, will purchase ordinary shares of TPG Pace in a $45 million
private placement.  After giving effect to any redemptions by the
public stockholders of TPG Pace, the combined balance of the cash
held in TPG Pace's trust account and proceeds from the private
placement of approximately $500 million, will be used to pay
existing Accel shareholders and transaction expenses, with the
remaining cash on the balance sheet to be used to repay existing
debt or for accretive capital deployment.  Following the
consummation of the transaction, TPG Pace will be renamed Accel
Entertainment and its shares will remain listed on the New York
Stock Exchange and trade using the ticker ACEL.

The consideration payable to the Accel shareholders (in addition to
cash) will consist of common stock of TPG Pace and warrants to
purchase common stock of TPG Pace.  Accel's founders and management
team are rolling at least 80% of their current Accel stake into the
newly formed company.  TPG Pace's sponsor will retain 7.3 million
founder shares and approximately 4.9 million private placement
warrants, as well as 2.0 million earnout shares exercisable for TPG
Pace common shares.  In addition, Accel shareholders who roll in
excess of 30% of their shares will be entitled to their pro rata
portion of 2.4 million warrants and 3.0 million earnout shares
exercisable for TPG Pace common shares. The earnout shares will be
exercisable upon the achievement of certain EBITDA or stock price
thresholds of TPG Pace.  In addition, TPG Pace's sponsor will
contribute 500,000 of its shares to a foundation created for
charitable efforts in the communities in which Accel operates, or
anticipates operating.

The transaction has been executed by a majority of Accel's
shareholders with the support of the board of directors of Accel
and approved by the board of directors TPG Pace.  The transaction
is expected to close in late third quarter of 2019, subject to the
receipt of certain regulatory approvals and the approval of the
transaction by a majority of the shareholders of TPG Pace.

A full-text copy of the Transaction Agreement is available for free
at: https://is.gd/KnbQcq

Advisors

The Raine Group acted as exclusive financial adviser to Accel.
Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC acted
as financial advisors and capital markets advisors to TPG Pace.
Goldman Sachs & Co LLC served as capital markets advisor to TPG
Pace.  Fenwick & West LLP acted as the legal advisor to Accel. Much
Shelist, P.C. represented the Accel shareholders, and Weil, Gotshal
& Manges LLP acted as the legal advisor to TPG Pace.

                           About Accel

Accel is a terminal operator of slot machines and amusement
equipment in the Illinois video gaming market.  Starting in October
2012, Accel has been dedicated to providing top of the line care
and service to over 1,700 locations and customers across the
state.

                          About TPG

TPG Pace Holdings Corp. -- http://www.tpg.com/-- is an alternative
asset firm founded in 1992.  TPG's investment platforms are across
a wide range of asset classes, including private equity, growth
equity, real estate, credit, and public equity.  TPG aims to build
dynamic products and options for its investors while also
instituting discipline and operational excellence across the
investment strategy and performance of its portfolio.

As of March 31, 2019, TPG Pace had $459.80 million in total assets,
$15.96 million in total liabilities, and $438.83 million in Class A
ordinary shares, and $5 million in total shareholders' equity.

KPMG LLP, in Fort Worth, Texas, the Company's auditor since 2017,
issued a "going concern" qualification in its report dated Feb. 13,
2019, on the Company's consolidated financial statements for the
year ended Dec. 31, 2018, citing that the Company's limited amount
of time to complete an initial business combination for which
significant contingencies to completion exist raise substantial
doubt about its ability to continue as a going concern.

TPG Pace received written notice on Oct. 3, 2018 from The New York
Stock Exchange that a NYSE Regulation review of the current
distribution of the ordinary shares of the Company shows that it
has fewer than 300 public holders and is non-compliant with Section
802.01B of the NYSE Listed Company Manual, which requires the
Company to maintain a minimum of 300 public stockholders on a
continuous basis.


TPT GLOBAL: Accumulated Deficit Casts Going Concern Doubt
---------------------------------------------------------
TPT Global Tech, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $2,981,346 on $161,476 of total revenues
for the three months ended March 31, 2019, compared to a net loss
of $1,037,581 on $250,218 of total revenues for the same period in
2018.

At March 31, 2019, the Company had total assets of $11,016,154,
total liabilities of $19,749,719, and $8,733,565 in total
stockholders' deficit.

The Company said, "Based on our financial history since inception,
our auditor has expressed substantial doubt as to our ability to
continue as a going concern.  As reflected in the accompanying
financial statements, as of March 31, 2019, we had an accumulated
deficit totaling $21,784,274.  This raises substantial doubts about
our ability to continue as a going concern."

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

                       https://is.gd/13WtvD

TPT Global Tech, Inc., operates as a technology/telecommunication
media content hub for syndication worldwide.  It also provides
technology solutions for businesses.  The company offers software
as a service (SaaS), technology platform as a service (PAAS),
cloud-based unified communication as a service (UCaaS), and
carrier-grade performance and support services for businesses over
its private IP MPLS fiber and wireless network in the United
States.  Its cloud-based UCaaS services allow businesses to access
voice, data, media, and collaboration in technology markets.  In
addition, the company distributes pre-paid cellphone services,
mobile phones, cellphone accessories, and global roaming cellphones
for nationwide mobile virtual network operators and independent
sales organization. The company was formerly known as Ally Pharma
US, Inc., and changed its name to TPT Global Tech, Inc. in December
2014.  TPT Global Tech is based in San Diego, California.



TRUE SECURITY: New Information on Plan's Feasibility Added
----------------------------------------------------------
True Security, Inc., filed a disclosure statement in connection
with its plan of reorganization dated June 4, 2019.

This latest filing provides additional information on the plan's
feasibility. The Debtor provides that:

Assuming the plan becomes effective on September of 2019, such will
occur on Month 1 of year two of the projections. In September of
2019, the Debtor will make its final payment to the factors. Thus,
in September of 2019, TSI will pay to unsecured creditors 1% of
Gross Revenue. As set forth in the projections, it is estimated
that TSI in September of 2019 will have Gross Revenue of $232,176
is $2,322, which is the amount to be paid to unsecured creditors.

A copy of the Disclosure Statement dated June 4, 2019 is available
at https://tinyurl.com/y5lo6b33 from Pacermonitor.com at no charge.


                   About True Security

True Security, Inc., provides security services in the Denver-metro
area.  True Security filed its voluntary petition pursuant to
Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No.
18-17887) on Sept. 7, 2018.  In the petition signed by CEO Thomas
Dearagonaise, the Debtor estimated $50,001 to $100,000 in assets
and $100,001 to $500,000 in estimated liabilities.

Aaron A. Garber, at Buechler & Garber, LLC, is the Debtor's
counsel.


UCOAT IT: July 11 Plan Confirmation Hearing
-------------------------------------------
The disclosure statement explaining the Chapter 11 plan of UCoat It
America, LLC, is granted preliminary approval.

The hearing on objections to final approval of the disclosure
statement and confirmation of the plan will be held on July 11,
2019 at 11:00 a.m.

The deadline to return ballots on the plan, as well as to file
objections to final approval of the disclosure statement and
objections to confirmation of the plan, is July 1, 2019.

                 About UCoat It America

UCoat It America, LLC is a privately-owned company based in Royal
Oak, Michigan.  It was founded in 1999 with the primary goal of
providing a true, commercial-grade epoxy floor coating system that
was widely available to the do-it-yourself customer.

UCoat It America filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mich. Case No.
19-40388) on Jan. 11, 2019, listing under $1 million in assets and
liabilities.  The case is assigned to Judge Maria L. Oxholm.
Donald C. Darnell, Esq., at Darnell, PLLC, is the Debtor's
bankruptcy counsel.


URBAN-GRO INC.: Execs Say Conditions Exist for Going Concern Doubt
------------------------------------------------------------------
urban-gro, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $1,481,471 on $5,834,016 of revenue for
the three months ended March 31, 2019, compared to a net loss of
$782,649 on $3,446,364 of revenues for the same period in 2018.

At March 31, 2019, the Company had total assets of $7,973,042,
total liabilities of $11,453,587, and $3,480,545 in total
shareholders' deficit.

Since inception the Company has incurred operating losses and has
funded its operations primarily through issuance of equity
securities, debt, and operating revenue.  As of March 31, 2019, the
Company had an accumulated deficit of $10,021,524, a working
capital deficit of $6,294,451, and negative stockholders' equity of
$3,480,545.  The Company has evaluated its projected cash flows for
the next twelve months, which includes assumptions about future
financings, and believes those projections along with its cash and
cash equivalents of $888,848 as of March 31, 2019 will be
sufficient to fund the Company's operations through at least twelve
months from the issuance date of these financial statements, or at
least through May 17, 2020.

Principal Executive Officer Bradley Nattrass and Principal
Financial Officer George R. Pullar said, "These assumptions about
future financings may not come to fruition or may not be available
to the Company on acceptable terms.  Should the Company need to
sell additional equity securities to fund the Company, those sales
would result in the dilution of equity interests of current
shareholders.  These facts and conditions raise substantial doubt
about our ability to continue as a going concern, and our
independent registered public accounting firm included an
explanatory paragraph regarding going concern qualification in its
annual audit report on the Company for the year ended December 31,
2018."

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

                       https://is.gd/rmX0Vs

urban-gro, Inc., provides end-to-end agricultural solutions for
cannabis and traditional agriculture produce growers in the United
States, Canada, and internationally.  It engages in the design,
engineering, sale, and commissioning of various integrated
cultivation systems, including environmental controls, and
fertigation and irrigation distribution products; commercial grade
light systems; water treatment and reclamation systems; rolling and
automated bench systems; fans; and odor mitigation systems.  The
company also offers integrated post management plan design and
product solutions; and Soleil 360, an agriculture technology
platform.  urban-gro, Inc., was founded in 2014 and is based in
Lafayette, Colorado.



US 1 ASSOCIATES: July 25 Hearing of Disclosure Statement
--------------------------------------------------------
The hearing on the adequacy of the Disclosure Statement explaining
the Chapter 11 Plan of US 1 Associates, Inc. will be held before
the Honorable on July 25, 2019 at 11:00 AM in Courtroom 3B, U.S
Bankruptcy Court, 50 Walnut Street Newark, NJ 07102.

Written objections to the adequacy of the Disclosure Statement will
be filed and served no later than 14 days prior to the hearing
before this Court.

                  About US 1 Associates Inc.

US 1 Associates, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 18-12231) on Feb. 2, 2018.
At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $100,000.  Middlebrooks
Shapiro, P.C., is the Debtor's bankruptcy counsel.


VISTA RIDGE: July 11 Disclosure Statement Hearing
-------------------------------------------------
The hearing to consider the approval of the disclosure statement
explaining the Chapter 11 Plan of Vista Ridge Limited Partnership
will be held on July 11, 2019 at 2:00 P.M.

Class 4: General Unsecured Claims are unimpaired. Except to the
extent that a holder of an Allowed Class 4 Claim agrees to a
different and lesser treatment, each holder of an Allowed Class 4
Claim shall receive from the Debtor, in full and complete
settlement, satisfaction and discharge of its Allowed Class 4
Claim, on the later to occur of (i) the Effective Date (or as soon
as reasonably practicable thereafter) and (ii) the date on which
such Claim shall become an Allowed Claim, payment in full, with
post-petition interest at the Federal Judgment Rate in effect on
the Petition Date.

The Debtor proposes to satisfy all of its debts and pay all of its
creditors through a sale of the  Property, the approval of which is
sought within this Plan.

A full-text copy of the Disclosure Statement dated April 15, 2019,
is available at https://tinyurl.com/y33kp22z from PacerMonitor.com
at no charge.

Counsel for the Debtor are Marc E. Albert, Esq., Tracey M. Ohm,
Esq., and Joshua W. Cox, Esq., at Stinson LLP, in Washington, D.C.

Conflicts Counsel for the Debtor are Janet M. Nesse, Esq., and
Justin P. Fasano, Esq., at McNamee, Hosea, Jernigan, Kim, Greenan &
Lynch, P.A., in Greenbelt, Maryland.

          About Vista Ridge Limited Partnership

Vista Ridge Limited Partnership is a single asset real estate
limited partnership organized under the laws Maryland with a
principal place of business located in the District of Columbia.
Vista Ridge filed a voluntary Chapter 11 petition (Bankr. D. Colo.
Case No. 19-00126) on March 1, 2019.  Marc E. Albert, Esq., and
Joshua W. Cox, Esq., at Stinson Leonard Street LLP, represent the
Debtor as counsel.


VSOP LLC: July 30 Approval Hearing on Disclosures
-------------------------------------------------
Bankruptcy Judge Nancy V. Alquist will convene a hearing on July
30, 2019 at 2:00 p.m. to consider approval of VSOP, LLC's
disclosure statement with respect to a chapter 11 plan dated May
29, 2019.

July 3, 2019 is fixed as the last day for filing and serving
written objections to the disclosure statement.

The Troubled Company Reporter previously reported that unsecured
creditors will get 25% from excess sales proceeds under the plan.

A full-text copy of the Disclosure Statement dated May 29, 2019, is
available at https://tinyurl.com/y23unqsp from PacerMonitor.com at
no charge.

                      About VSOP, LLC

VSOP, LLC, based in Baltimore, MD, filed a Chapter 11 petition
(Bankr. D. Md. Case No. 19-15834) on April 30, 2019.  The Hon.
Michelle M. Harner oversees the case.  In the petition signed by
Steven Rivelis, member, the Debtor estimated $1 million to $10
million in both assets and liabilities.  Dennis J. Shaffer, Esq.,
at Whiteford Taylor & Preston, LLP, serves as bankruptcy counsel.


WEATHERFORD INTERNATIONAL: Clearbridge Disposes of 10.8% Stake
--------------------------------------------------------------
Clearbridge Investments, LLC disclosed in a Schedule 13G/A filed
with the U.S. Securities and Exchange Commission that as of May 31,
2019, it beneficially owns 865 shares of common stock of
Weatherford International plc representing 0 percent of the shares
outstanding.

Clearbridge Investments previously reported beneficial ownership of
107,668,913 Common Shares, representing 10.76 equity stake as of
Dec. 31, 2018.

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

                    https://is.gd/KEhY7X

                      About Weatherford

Weatherford (NYSE: WFT), an Irish public limited company and Swiss
tax resident -- http://www.weatherford.com-- is a multinational
oilfield service company providing innovative solutions, technology
and services to the oil and gas industry. The Company operates in
over 80 countries and has a network of approximately 650 locations,
including manufacturing, service, research and development and
training facilities and employs approximately 26,000 people.

Weatherford reported a net loss attributable to the company of
$2.81 billion for the year ended Dec. 31, 2018, compared to a net
loss attributable to the company of $2.81 billion for the year
ended Dec. 31, 2017.  As of Dec. 31, 2018, Weatherford had $6.60
billion in total assets, $10.26 billion in total liabilities, and
a total shareholders' deficiency of $3.66 billion.

Weatherford's credit ratings have been downgraded by multiple
credit rating agencies and these agencies could further downgrade
the Company's credit ratings.  On Dec. 24, 2018, S&P Global Ratings
downgraded the Company's senior unsecured notes to CCC- from CCC+,
with a negative outlook.  Weatherford's issuer credit rating was
lowered to CCC from B-.  On Dec. 20, 2018, Moody's Investors
Services downgraded the Company's credit rating on its senior
unsecured notes to Caa3 from Caa1 and its speculative grade
liquidity rating to SGL-4 from SGL-3, both with a negative outlook.
The Company said its non-investment grade status may limit its
ability to refinance its existing debt, could cause it to refinance
or issue debt with less favorable and more restrictive terms and
conditions, and could increase certain fees and interest rates of
its borrowings.  Suppliers and financial institutions may lower or
eliminate the level of credit provided through payment terms or
intraday funding when dealing with the Company thereby increasing
the need for higher levels of cash on hand, which would decrease
the Company's ability to repay debt balances, negatively affect its
cash flow and impact its access to the inventory and services
needed to operate its business.


WEATHERLY OIL: Dore Law Group Represents Halliburton, et al.
------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
Dore Law Group, P.C., filed  a verified Statement of Dore Law
Group, P.C., pursuant to Bankruptcy Rule 2019 regarding multiple
representation of creditors of Weatherly Oil & Gas, LLC:

   1. Halliburton Energy Services, Inc.
      3000 N. Sam Houston Parkway E.
      Houston, TX 77032

      * Creditor and holder of statutory lien rights:
$2,895,112.83

   2. Bass Energy Services, LLC.
      1197 Magnolia Road
      Waskom, TX 75692

      * Creditor and holder of statutory lien rights: $716,403.68

   3. Quintana Energy Services, LP
      1415 Louisiana St., Suite 2900
      Houston, TX 77002

      * Creditor and holder of statutory lien rights: $407,623.57

   4. Key Energy Services, Inc.
      1301 McKinney, Suite 1800
      Houston, TX 77010

      * Creditor and holder of statutory lien rights: $320,017.36

   5. Axis Energy Services, LLC
      199 Corporate Road
      Longview, TX 75603

      * Creditor and holder of statutory lien rights: $103,203.96

   6. Pioneer Well Services, LLC
      1250 NE Loop 410, Suite 1000
      San Antonio, TX 78209

      * Creditor and holder of statutory lien rights: $102,210.18

Counsel can be reached at:

         DORE LAW GROUP, P.C.
         Carl Dore, Jr.
         Zachary S. McKay
         17171 Park Row, Suite 160
         Houston, Texas 77084
         Tel: (281) 829-1555
         Fax: (281) 200-0751
         E-mail: carl@dorelawgroup.net
                 zmckay@dorelawgroup.net

                 About Weatherly Oil & Gas

Weatherly Oil & Gas, LLC -- https://www.weatherlyop.com/ -- is a
Fort Worth-Texas based oil and natural gas company primarily
focused on exploiting natural resources in the Ark-La-Tex region.
Weatherly is operated by an affiliate Weatherly Operating, LLC.

Weatherly Oil & Gas filed a voluntary petition under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 19-31087) on
Feb. 28, 2019. In the petition signed by Scott Pinsonnault, chief
restructuring officer, the Debtor estimated $50 million to $100
million in assets and $100 million to $500 million in liabilities.

Matthew D. Cavenaugh, Esq., at Jackson Walker LLP, serves as
counsel to the Debtor.

The Office of the U.S. Trustee on March 15, 2019, appointed three
creditors to serve on an official committee of unsecured creditors
in the Chapter 11 case.  The Committee retained Jones Walker LLP,
as counsel, and Conway MacKenzie, Inc., as financial advisor.


WEST COAST VENTURES: 1Q 2019 Results Cast Going Concern Doubt
-------------------------------------------------------------
West Coast Ventures Group Corp. filed its quarterly report on Form
10-Q, disclosing a net loss of $1,122,481 on $839,615 of revenues
for the three months ended March 31, 2019, compared to a net loss
of $586,295 on $690,759 of revenues for the same period in 2018.

At March 31, 2019, the Company had total assets of $1,777,410,
total liabilities of $5,161,964, and $3,384,554 in total
stockholders' deficit.

The Company sustained a net loss of approximately $1.1 million for
the three months ended March 31, 2019 and have an accumulated
deficit of approximately $4.8 million and a negative working
capital of approximately $3.9 million at March 31, 2019, inclusive
of indebtedness.  These conditions raise substantial doubt about
the Company's ability to continue as a going concern.

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

                       https://is.gd/ecFHkW

West Coast Ventures Group Corp. owns and operates casual
restaurants. It operates five restaurants in the Denver, Colorado
metro area.  The company is based in Arvada, Colorado.



WINDSTREAM HOLDINGS: Polsinelli Represents Sho-Me Power, et al.
---------------------------------------------------------------
In the Chapter 11 cases of Windstream Holdings, Inc., et al.,
Polsinelli PC submitted a verified  statement to disclose that it
is representing four creditors:

   (a) Sho-Me Power Electric Cooperative
       301 W. Jackson
       PO Box D
       Marshfield, MO 6570

       Sho-Me Power Electric Cooperative is a creditor in these
chapter 11 cases and provides the Debtors with telecommunications
services and dark fiber rights.  Sho-MePower Electric holds a claim
against the Debtors in an unknown amount, including, but not
limited to, all amounts due and owing under the service contracts
plus any rejection damages and/or administrative priority claims
for unpaid obligations.

   (b) Sho-Me Technologies, LLC
       301 W. Jackson
       PO Box D
       Marshfield, MO 65706

       Sho-Me Technologies is a creditor in the chapter 11 cases
and provides the Debtors with telecommunications services and dark
fiber rights.  Sho-Me Technologies holds a claim against the
Debtors in an unknown amount, including, but not limited to, all
amounts due and owing under the service contracts plus any
rejection damages and/or administrative priority claims for unpaid
obligations.

   (c) Gascosage Electric Cooperative
       803 South Ellen Street
       Dixon, MO 65459

       Gascosage is a creditor in the chapter 11 cases and provides
the Debtors with electric power supply services. Gascosage holds a
claim against the Debtors in an unknown amount, including, but not
limited to, all amounts due and owing under the service contracts
plus any rejection damages and/or administrative priority claims
for unpaid obligations.

   (d) Pearce Services
       3720 La Cruz Way
       Paso Robles, CA 934462

        Pearce Services is a creditor in the chapter 11 cases and
provides engineering services to one or more of the Debtors,
including without limitation Windstream Supply, LLC, pursuant to
one or more services contracts.  Pearce Services holds a claim
against the Debtors in an unknown amount, including, but not
limited to, all amounts due and owing under the service contracts
plus any rejection damages and/or administrative priority claims
for unpaid obligations.

Counsel to Sho-Me Technologies, et al.:

        Jeremy R. Johnson, Esq.
        POLSINELLI PC
        600 3rd Avenue, 42nd Floor
        New York, NY 10016
        Telephone: (212) 684-0199
        Facsimile: (212) 684-0197
        E-mail: jeremy.johnson@polsinelli.com

                 About Windstream Holdings

Windstream Holdings, Inc. and its subsidiaries are providers of
advanced network communications and technology solutions for
businesses across the United States.  They also offer broadband,
entertainment and security solutions to consumers and small
businesses primarily in rural areas in 18 states.

Windstream Holding Inc. and its subsidiaries filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 19-22312) on Feb. 25,
2019.

The Debtors had total assets of $13,126,435,000 and total debt of
$11,199,070,000 as of Jan. 31, 2019.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as counsel; PJT Partners LP as financial advisor
and investment banker; Alvarez & Marsal North America LLC as
restructuring advisor; and Kurtzman Carson Consultants as notice
and claims agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on March 12, 2019.  The committee tapped
Morrison & Foerster LLP as its legal counsel, AlixPartners, LLP as
its financial advisor, and Perella Weinberg Partners LP as
investment banker.


WINDSTREAM HOLDINGS: Squire Patton Advises 3 Services Providers
---------------------------------------------------------------
In the Chapter 11 cases of Windstream Holdings, Inc., et al.,
Squire Patton Boggs (US) LLP submitted a verified statement, as
amended, to disclose that it is representing four creditors:

   (a) Prodapt North America, Inc.
       7565 SW Mohawk Street, Building M
       Tualatin, OR 97062

       Prodapt provides the Debtors with technology and engineering
services.  Prodapt holds a claim against the Debtors in an unknown
amount, including, but not limited to, all amounts  due and owing
under the service contracts plus any rejection damages and/or
administrative priority claims for unpaid obligations.

   (b) USIC Locating Services, LLC
       9045 North River Road, Suite 300
       Indianapolis, IN 46240

       USIC provides the Debtors with utility services.  USIC holds
a claim against the Debtors in an unknown amount, including, but
not limited to, all amounts due and owing under the service
contracts plus any rejection damages and/or administrative priority
claims for unpaid obligations.

   (c) Transaction Network Services, Inc.
       10740 Parkridge Boulevard, Suite 100
       Reston, VA 20191

       TNS provides the Debtors with data communications and
interoperability solution services.  TNS holds a claim against the
Debtors in an unknown amount, including, but not limited to, all
amounts due and owing under the service contracts plus any
rejection damages and/or administrative priority claims for unpaid
obligations.

Counsel for Prodapt North America, et al.:

         Stephen D. Lerner, Esq.
         SQUIRE PATTON BOGGS (US) LLP
         30 Rockefeller Plaza
         New York, NY 10112
         Telephone: (212) 872-9800
         Facsimile: (212) 872-9815

              - and –

         Christopher J. Giaimo, Esq.
         Jeffrey N. Rothleder, Esq.
         SQUIRE PATTON BOGGS (US) LLP
         2550 M Street, NW
         Washington, DC 20037
         Telephone: (202) 457-6000
         Facsimile: (202) 457-6315

                 About Windstream Holdings

Windstream Holdings, Inc., and its subsidiaries are providers of
advanced network communications and technology solutions for
businesses across the United States.  They also offer broadband,
entertainment and security solutions to consumers and small
businesses primarily in rural areas in 18 states.

Windstream Holding Inc. and its subsidiaries filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 19-22312) on Feb. 25,
2019.

The Debtors had total assets of $13,126,435,000 and total debt of
$11,199,070,000 as of Jan. 31, 2019.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as counsel; PJT Partners LP as financial advisor
and investment banker; Alvarez & Marsal North America LLC as
restructuring advisor; and Kurtzman Carson Consultants as notice
and claims agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on March 12, 2019.  The committee tapped
Morrison & Foerster LLP as its legal counsel, AlixPartners, LLP as
its financial advisor, and Perella Weinberg Partners LP as
investment banker.


YESHIVA UNIVERSITY: Moody's Affirms B3 Rating on 2009/2011A Bonds
-----------------------------------------------------------------
Moody's Investors Service has affirmed Yeshiva University's (NY) B3
rating on the Series 2009 and 2011A revenue bonds issued by the
Dormitory Authority of the State of New York. The outlook is
positive. The action affects approximately $145 million of debt.

RATINGS RATIONALE

Yeshiva University's B3 rating reflects the continuing challenges
it confronts to achieve structural fiscal balance after a
substantial and prolonged period of very weak operating performance
and decline in wealth and liquidity. A multi-year approach to
achieve breakeven performance from cash flow, while at the same
time investing in growth strategies, will continue to result in a
use of cash and liquidity through at least fiscal 2022, if not
beyond. Moreover, very low investment in physical facilities due to
constrained cash flow highlights escalating deferred maintenance, a
longer term credit challenge. Favorably, management has
successfully narrowed the magnitude of annual operating deficits,
in line with its ongoing fiscal stabilization plan. Management's
projections for stronger tuition revenue growth in fiscal 2020
would be positive if realized, and would provide an indication of
progress toward achieving a more sustainable business model. While
the university has already monetized a significant portion of real
estate to bolster liquidity, the rating continues to incorporate
the likelihood of full recovery for bondholders from other core
campus real estate assets.

RATING OUTLOOK

The positive outlook reflects potential gradual credit momentum if
the university is able to achieve its projected revenue growth and
deficit reduction strategies in fiscal 2020, with prospects for
continued improvement. Indicators of improvement to the
university's still very weak strategic position would include the
ability to meet targets on enrollment and net tuition revenue
growth, particularly if accompanied by a rebound in donor support.

FACTORS THAT COULD LEAD TO AN UPGRADE

  - Ability to implement business transformation and
enterprise-wide growth as evidenced by eliminating operating
deficits by fiscal 2022 and bolstering cash flow margins

  - Achieving net tuition and deficit reduction targets for fiscal
2020

  - Demonstrated ability to rebuild balance sheet resources and
unrestricted liquidity through expanding donor support and improved
financial performance

FACTORS THAT COULD LEAD TO A DOWNGRADE

  - Inability to reduce operating deficits in line with
expectations

  - More rapid or steep decline in liquidity than currently
anticipated

  - Additional borrowing as operating cash flow is currently
insufficient to meet annual debt service requirements, thus relying
on available reserves to service these obligations

LEGAL SECURITY

The Series 2009 and 2011A revenue bonds are unsecured general
obligations of the university. Bondholder security is subordinate
to the mortgage and cash flow of certain parcels of campus real
estate securing a $140 million loan ("Y Properties"). Financial
covenants associated with the privately-placed notes include
maintaining enterprise-wide liquidity and net assets in excess of
specified levels. The university maintains substantial cushion
above these thresholds.

PROFILE

Yeshiva University is a moderately-sized private university with a
distinct Jewish-focused mission. The university provides
undergraduate, graduate, professional, and post-doctoral education
and training. It is located in New York City, with three campuses
in Manhattan and one in the Bronx. Yeshiva enrolls nearly 5,800
FTEs with graduate school education - including schools of law,
social work, business, psychology - accounting for the largest area
of growth. The transfer of operational and financial responsibility
for the Albert Einstein College of Medicine (AECOM) in fall 2015 to
Montefiore Medical Center, and the medical school's recently
attained accreditation, completes the creation of a separate,
independent, affiliated college of medicine.


YOUNGEVITY INT'L: Needs More Capital to Continue as Going Concern
-----------------------------------------------------------------
Youngevity International, Inc., filed its quarterly report on Form
10-Q, disclosing a net loss of $12,260,000 on $56,300,000 of
revenues for the three months ended March 31, 2019, compared to a
net loss of $2,308,000 on $42,994,000 of revenues for the same
period in 2018.

At March 31, 2019, the Company had total assets of $142,997,000,
total liabilities of $95,379,000, and $47,618,000 in total
stockholders' equity.

The Company has sustained significant losses during the three
months ended March 31, 2019 and 2018 of approximately $12,260,000
and $2,308,000, respectively.  Net cash used in operating
activities was approximately $4,831,000 and $1,427,000 for the
three months ended March 31, 2019 and 2018, respectively.  The
Company does not currently believe that its existing cash resources
are sufficient to meet the Company's anticipated needs over the
next twelve months from the date hereof.  Based on its current cash
levels and its current rate of cash requirements, the Company will
need to raise additional capital and/or will need to further reduce
its expenses from current levels.  These factors raise substantial
doubt about the Company's ability to continue as a going concern.

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

                       https://is.gd/c8XJyo

Youngevity International, Inc., develops and distributes health and
nutrition related products and services in the United States and
internationally.  It operates in three segments: Direct Selling,
Commercial Coffee, and Commercial Hemp.  The Company was formerly
known as AL International, Inc. and changed its name to Youngevity
International, Inc. in July 2013.  Youngevity International was
founded in 1996 and is headquartered in Chula Vista, California.



YUMA ENERGY: Stockholders Elect Frank Lodzinski as Director
-----------------------------------------------------------
At the annual meeting of stockholders of Yuma Energy, Inc., which
was held on June 12, 2019, the Company's stockholders elected Frank
A. Lodzinski to serve as a director of the Company for a one-year
term expiring in 2020.  The Company's continuing directors after
the meeting include James W. Christmas and Richard K. Stoneburner.

The Company's stockholders approved an advisory vote on executive
compensation.  The stockholders also approved and adopted an
amendment to the Company's amended and restated certificate of
incorporation to effect, at the discretion of the Board of
Directors of the Company, a reverse stock split of the shares of
the Common Stock issued and outstanding or reserved for issuance,
at an exchange ratio of not less than 1-for-10 and not greater than
1-for-25, such exchange ratio to be determined by the Board at its
sole discretion.

                      About Yuma Energy

Yuma Energy, Inc. -- http://www.yumaenergyinc.com-- is an
independent Houston-based exploration and production company
focused on acquiring, developing and exploring for conventional and
unconventional oil and natural gas resources.  Historically, the
Company's activities have focused on inland and onshore properties,
primarily located in central and southern Louisiana and
southeastern Texas.  Its common stock is listed on the NYSE
American under the trading symbol "YUMA."  

Yuma Energy reported a net loss attributable to common stockholders
of $17.07 million for the year ended Dec. 31, 2018, compared to a
net loss attributable to common stockholders of $6.80 million for
the year ended Dec. 31, 2017.  As of March 31, 2019, Yuma Energy
had $66.53 million in total assets, $45.84 million in total current
liabilities, $14.68 million in total other noncurrent liabilities,
and $5.99 million in total stockholders' equity.

                   Going Concern Uncertainty

Moss Adams LLP, in Houston, Texas, the Company's auditor since
2017, issued a "going concern" qualification in its report dated
April 2, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company is in
default on its credit facility, has a substantial working capital
deficit, no available capital to maintain or develop its properties
and all hedging agreements have been terminated by counterparties.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.


ZENERGY BRANDS: Concludes Substantial Going Concern Doubt Exists
----------------------------------------------------------------
Zenergy Brands, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $933,983 on $891,908 of revenue for the
quarterly period ended March 31, 2019, compared to a net loss of
$906,986 on $301,809 of revenue for the same period in 2018.

At March 31, 2019, the Company had total assets of $2,123,997,
total liabilities of $8,073,550, and $6,318,156 in total
shareholders' deficit.

The Company has concluded that there is substantial doubt about its
ability to continue as a going concern for the three months ended
March 31, 2019 and year ended December 31, 2018.

Based on an analysis by the Company under ASU 2014-15, the Company
has concluded that there is substantial doubt about its ability to
continue as a going concern within one year of the date of the
financial statements.  Consequently, the Company's financial
statements for the three months ended March 31, 2019 and 2018 have
been prepared on a going concern basis, which contemplates the
realization of assets and the settlement of liabilities and
commitments in the normal course of business.

The Company reported a net loss of ($933,983) and ($906,986) for
the three months ended March 31, 2019 and 2018, respectively, and
an accumulated deficit of ($12,633,078) at March 31, 2019.  At
March 31, 2019 and December 31, 2018, the Company had a working
capital deficit of ($5,551,914) and ($3,992,130), respectively, and
negative cash flow from continuing operating activity of ($915,068)
and ($414,010), respectively, for the three months ended March 31,
2019 and 2018.

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

                       https://is.gd/ZSrURZ

Zenergy Brands, Inc., an energy and technology company, engages in
the sale of energy conservation products and services to
commercial, industrial, and municipal customers in Texas, the
United States. The company offers commercial energy conservation
equipment; load factor improvement technologies; HVAC and
refrigeration based technologies; LED lighting and controls
services; weatherization services; oxidized water solutions; EC
motor controllers; and energy capacitors and storage devices. It
also provides energy brokerage and procurement services. The
company was formerly known as The Chron Organization, Inc. and
changed its name to Zenergy Brands, Inc. in November 2017. Zenergy
Brands, Inc. is based in Plano, Texas. Zenergy Brands, Inc. is a
subsidiary of LIG Assets, Inc.



[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------

                                              Total
                                             Share-       Total
                                  Total    Holders'     Working
                                 Assets      Equity     Capital
  Company        Ticker            ($MM)       ($MM)       ($MM)
  -------        ------          ------    --------     -------
ABBVIE INC       ABBV US       56,769.0    (7,826.0)      509.0
ABBVIE INC       4AB QT        56,769.0    (7,826.0)      509.0
ABBVIE INC       4AB TE        56,769.0    (7,826.0)      509.0
ABBVIE INC       ABBV AV       56,769.0    (7,826.0)      509.0
ABBVIE INC       4AB GZ        56,769.0    (7,826.0)      509.0
ABBVIE INC       4AB GR        56,769.0    (7,826.0)      509.0
ABBVIE INC       ABBV SW       56,769.0    (7,826.0)      509.0
ABBVIE INC       ABBV* MM      56,769.0    (7,826.0)      509.0
ABBVIE INC       ABBVUSD EU    56,769.0    (7,826.0)      509.0
ABBVIE INC       ABBVEUR EU    56,769.0    (7,826.0)      509.0
ABBVIE INC       4AB TH        56,769.0    (7,826.0)      509.0
ABBVIE INC-BDR   ABBV34 BZ     56,769.0    (7,826.0)      509.0
ABSOLUTE SOFTWRE ABT CN            93.0       (51.2)      (30.8)
ABSOLUTE SOFTWRE OU1 GR            93.0       (51.2)      (30.8)
ABSOLUTE SOFTWRE ALSWF US          93.0       (51.2)      (30.8)
ABSOLUTE SOFTWRE ABT2EUR EU        93.0       (51.2)      (30.8)
AIXIN LIFE INTER AIXN US            2.1        (3.2)       (4.7)
AMERICA'S CAR-MA HC9 GR           493.6      (230.9)      387.8
AMERICA'S CAR-MA CRMT US          493.6      (230.9)      387.8
AMERICA'S CAR-MA CRMTEUR EU       493.6      (230.9)      387.8
AMERICAN AIRLINE A1G QT        60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE AAL TE        60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE A1G SW        60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE AAL1CHF EU    60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE A1G GZ        60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE AAL11EUR EU   60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE AAL AV        60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE AAL US        60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE A1G GR        60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE AAL* MM       60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE AAL1USD EU    60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE A1G TH        60,787.0      (636.0)  (11,195.0)
AMERICAN BRIVISI ABVC US            7.5        (5.5)      (10.9)
AMER RESTAUR-LP  ICTPU US          33.5        (4.0)       (6.2)
AMYRIS INC       3A01 GR          172.8      (174.4)     (111.5)
AMYRIS INC       3A01 TH          172.8      (174.4)     (111.5)
AMYRIS INC       AMRS US          172.8      (174.4)     (111.5)
AMYRIS INC       AMRSUSD EU       172.8      (174.4)     (111.5)
AMYRIS INC       AMRSEUR EU       172.8      (174.4)     (111.5)
AMYRIS INC       3A01 QT          172.8      (174.4)     (111.5)
ATLATSA RESOURCE ATL SJ           139.6      (285.7)     (326.1)
AUTODESK INC     ADSK US        4,808.5      (245.3)     (798.4)
AUTODESK INC     AUD TH         4,808.5      (245.3)     (798.4)
AUTODESK INC     AUD GR         4,808.5      (245.3)     (798.4)
AUTODESK INC     AUD QT         4,808.5      (245.3)     (798.4)
AUTODESK INC     ADSKEUR EU     4,808.5      (245.3)     (798.4)
AUTODESK INC     ADSKUSD EU     4,808.5      (245.3)     (798.4)
AUTODESK INC     ADSK TE        4,808.5      (245.3)     (798.4)
AUTODESK INC     AUD GZ         4,808.5      (245.3)     (798.4)
AUTODESK INC     ADSK AV        4,808.5      (245.3)     (798.4)
AUTODESK INC     ADSK* MM       4,808.5      (245.3)     (798.4)
AUTOZONE INC     AZ5 GR         9,773.7    (1,589.5)     (345.5)
AUTOZONE INC     AZ5 TH         9,773.7    (1,589.5)     (345.5)
AUTOZONE INC     AZO US         9,773.7    (1,589.5)     (345.5)
AUTOZONE INC     AZOEUR EU      9,773.7    (1,589.5)     (345.5)
AUTOZONE INC     AZ5 QT         9,773.7    (1,589.5)     (345.5)
AUTOZONE INC     AZOUSD EU      9,773.7    (1,589.5)     (345.5)
AUTOZONE INC     AZO AV         9,773.7    (1,589.5)     (345.5)
AUTOZONE INC     AZ5 TE         9,773.7    (1,589.5)     (345.5)
AUTOZONE INC     AZO* MM        9,773.7    (1,589.5)     (345.5)
AVID TECHNOLOGY  AVID US          299.7      (167.1)        1.4
AVID TECHNOLOGY  AVD GR           299.7      (167.1)        1.4
AYR STRATEGIES I AYR/A CN         136.4      (286.0)       (5.6)
AYR STRATEGIES I CBAQF US         136.4      (286.0)       (5.6)
B RILEY - CL A   BRPM US            0.4        (0.0)       (0.4)
B RILEY PRINCIPA BRPM/U US          0.4        (0.0)       (0.4)
BENEFITFOCUS INC BNFTEUR EU       341.0       (10.4)      119.3
BENEFITFOCUS INC BNFT US          341.0       (10.4)      119.3
BENEFITFOCUS INC BTF GR           341.0       (10.4)      119.3
BEYONDSPRING INC BYSI US            7.1        (9.4)      (10.6)
BJ'S WHOLESALE C BJ US          5,226.7      (148.3)     (330.7)
BJ'S WHOLESALE C 8BJ GR         5,226.7      (148.3)     (330.7)
BJ'S WHOLESALE C 8BJ QT         5,226.7      (148.3)     (330.7)
BLUE BIRD CORP   BLBD US          355.4       (77.6)       (2.7)
BLUELINX HOLDING BXC US         1,089.7       (18.3)      454.7
BOMBARDIER INC-B BBDBN MM      26,719.0    (4,100.0)      263.0
BRINKER INTL     BKJ GR         1,264.1      (814.2)     (284.9)
BRINKER INTL     EAT US         1,264.1      (814.2)     (284.9)
BRINKER INTL     BKJ QT         1,264.1      (814.2)     (284.9)
BRINKER INTL     EAT2EUR EU     1,264.1      (814.2)     (284.9)
BRP INC/CA-SUB V B15A GR        3,358.1      (364.6)     (223.2)
BRP INC/CA-SUB V DOOO US        3,358.1      (364.6)     (223.2)
BRP INC/CA-SUB V DOO CN         3,358.1      (364.6)     (223.2)
CADIZ INC        CDZI US           73.9       (81.4)       13.8
CADIZ INC        2ZC GR            73.9       (81.4)       13.8
CANTEX MINE DEV  CD CN              0.9        (4.3)       (4.3)
CATASYS INC      CATS US            7.2       (10.7)       (2.6)
CBDMD INC        YCBD US           94.8       (13.4)       12.3
CDK GLOBAL INC   CDKEUR EU      3,165.8      (475.4)      143.9
CDK GLOBAL INC   C2G TH         3,165.8      (475.4)      143.9
CDK GLOBAL INC   C2G GR         3,165.8      (475.4)      143.9
CDK GLOBAL INC   CDK* MM        3,165.8      (475.4)      143.9
CDK GLOBAL INC   C2G QT         3,165.8      (475.4)      143.9
CDK GLOBAL INC   CDK US         3,165.8      (475.4)      143.9
CDK GLOBAL INC   CDKUSD EU      3,165.8      (475.4)      143.9
CEDAR FAIR LP    FUN US         2,132.5      (109.6)     (108.6)
CEDAR FAIR LP    7CF GR         2,132.5      (109.6)     (108.6)
CHOICE HOTELS    CHH US         1,173.8      (185.5)      (53.2)
CHOICE HOTELS    CZH GR         1,173.8      (185.5)      (53.2)
CINCINNATI BELL  CIB1 GR        2,649.3      (102.3)     (116.4)
CINCINNATI BELL  CBB US         2,649.3      (102.3)     (116.4)
CINCINNATI BELL  CBBEUR EU      2,649.3      (102.3)     (116.4)
CLEAR CHANNEL OU CCO US         6,325.6    (2,255.8)     (147.2)
CLEAR CHANNEL OU C7C1 GR        6,325.6    (2,255.8)     (147.2)
CLEAR CHANNEL OU CCO1EUR EU     6,325.6    (2,255.8)     (147.2)
COGENT COMMUNICA OGM1 GR          797.0      (164.2)      252.3
COGENT COMMUNICA CCOI US          797.0      (164.2)      252.3
COHERUS BIOSCIEN CHRS US          186.1       (38.5)      117.8
COHERUS BIOSCIEN 8C5 GR           186.1       (38.5)      117.8
COHERUS BIOSCIEN CHRSUSD EU       186.1       (38.5)      117.8
COHERUS BIOSCIEN 8C5 QT           186.1       (38.5)      117.8
COHERUS BIOSCIEN 8C5 TH           186.1       (38.5)      117.8
COHERUS BIOSCIEN CHRSEUR EU       186.1       (38.5)      117.8
COLGATE-PALMOLIV CL EU         12,883.0      (210.0)      268.0
COLGATE-PALMOLIV CPA TH        12,883.0      (210.0)      268.0
COLGATE-PALMOLIV CLCHF EU      12,883.0      (210.0)      268.0
COLGATE-PALMOLIV CLEUR EU      12,883.0      (210.0)      268.0
COLGATE-PALMOLIV CL* MM        12,883.0      (210.0)      268.0
COLGATE-PALMOLIV CL SW         12,883.0      (210.0)      268.0
COLGATE-PALMOLIV CPA QT        12,883.0      (210.0)      268.0
COLGATE-PALMOLIV CL TE         12,883.0      (210.0)      268.0
COLGATE-PALMOLIV COLG AV       12,883.0      (210.0)      268.0
COLGATE-PALMOLIV CL US         12,883.0      (210.0)      268.0
COLGATE-PALMOLIV CPA GR        12,883.0      (210.0)      268.0
COLGATE-PALMOLIV CLUSD SW      12,883.0      (210.0)      268.0
COLGATE-PALMOLIV CPA GZ        12,883.0      (210.0)      268.0
COLGATE-BDR      COLG34 BZ     12,883.0      (210.0)      268.0
COLGATE-CEDEAR   CL AR         12,883.0      (210.0)      268.0
COLUMBIA CARE IN CCHW CN          161.5        (0.9)       (1.9)
COLUMBIA CARE IN COLXF US         161.5        (0.9)       (1.9)
COMMUNITY HEALTH CYH1USD EU    16,309.0    (1,085.0)    1,087.0
CYCLERION THERAP CYCN US            9.8        (7.8)      (16.5)
DELEK LOGISTICS  DKL US           640.2      (141.9)       (4.8)
DELEK LOGISTICS  D6L GR           640.2      (141.9)       (4.8)
DENNY'S CORP     DENN US          422.3      (140.2)      (50.5)
DENNY'S CORP     DE8 GR           422.3      (140.2)      (50.5)
DENNY'S CORP     DENNEUR EU       422.3      (140.2)      (50.5)
DIEBOLD NIXDORF  DLD QT         4,327.3      (274.7)      482.8
DIEBOLD NIXDORF  DBD GR         4,327.3      (274.7)      482.8
DIEBOLD NIXDORF  DBD US         4,327.3      (274.7)      482.8
DIEBOLD NIXDORF  DBD SW         4,327.3      (274.7)      482.8
DIEBOLD NIXDORF  DBDEUR EU      4,327.3      (274.7)      482.8
DIEBOLD NIXDORF  DBDUSD EU      4,327.3      (274.7)      482.8
DIEBOLD NIXDORF  DLD TH         4,327.3      (274.7)      482.8
DINE BRANDS GLOB DIN US         2,076.1      (190.8)       19.7
DINE BRANDS GLOB IHP GR         2,076.1      (190.8)       19.7
DOLLARAMA INC    DR3 GR         3,417.0      (219.0)       19.9
DOLLARAMA INC    DLMAF US       3,417.0      (219.0)       19.9
DOLLARAMA INC    DOL CN         3,417.0      (219.0)       19.9
DOLLARAMA INC    DR3 GZ         3,417.0      (219.0)       19.9
DOLLARAMA INC    DOLEUR EU      3,417.0      (219.0)       19.9
DOLLARAMA INC    DR3 TH         3,417.0      (219.0)       19.9
DOLLARAMA INC    DR3 QT         3,417.0      (219.0)       19.9
DOMINO'S PIZZA   EZV GR         1,148.3    (2,975.2)      178.5
DOMINO'S PIZZA   DPZ US         1,148.3    (2,975.2)      178.5
DOMINO'S PIZZA   EZV QT         1,148.3    (2,975.2)      178.5
DOMINO'S PIZZA   EZV TH         1,148.3    (2,975.2)      178.5
DOMINO'S PIZZA   DPZEUR EU      1,148.3    (2,975.2)      178.5
DOMINO'S PIZZA   DPZUSD EU      1,148.3    (2,975.2)      178.5
DOMINO'S PIZZA   DPZ AV         1,148.3    (2,975.2)      178.5
DOMINO'S PIZZA   DPZ* MM        1,148.3    (2,975.2)      178.5
DUNKIN' BRANDS G 2DB TH         3,725.4      (691.3)      253.3
DUNKIN' BRANDS G DNKN US        3,725.4      (691.3)      253.3
DUNKIN' BRANDS G 2DB GR         3,725.4      (691.3)      253.3
DUNKIN' BRANDS G DNKNUSD EU     3,725.4      (691.3)      253.3
DUNKIN' BRANDS G 2DB GZ         3,725.4      (691.3)      253.3
DUNKIN' BRANDS G 2DB QT         3,725.4      (691.3)      253.3
DUNKIN' BRANDS G DNKNEUR EU     3,725.4      (691.3)      253.3
EMISPHERE TECH   EMIS US            5.2      (155.3)       (1.4)
EVERI HOLDINGS I G2C TH         1,632.0       (95.8)        3.3
EVERI HOLDINGS I G2C GR         1,632.0       (95.8)        3.3
EVERI HOLDINGS I EVRI US        1,632.0       (95.8)        3.3
EVERI HOLDINGS I EVRIUSD EU     1,632.0       (95.8)        3.3
EVERI HOLDINGS I EVRIEUR EU     1,632.0       (95.8)        3.3
EVOFEM BIOSCIENC EVFM US            3.2       (28.9)      (30.7)
EVOFEM BIOSCIENC NEOTEUR EU         3.2       (28.9)      (30.7)
EVOFEM BIOSCIENC 1AQ1 TH            3.2       (28.9)      (30.7)
EVOFEM BIOSCIENC NEOTUSD EU         3.2       (28.9)      (30.7)
EVOFEM BIOSCIENC 1AQ1 GR            3.2       (28.9)      (30.7)
EXELA TECHNOLOGI XELAU US       1,702.9      (204.3)      (84.6)
FC GLOBAL REALTY FCRE IT            4.2        (0.6)       (3.2)
FILO MINING CORP FIL SS            10.9        (5.4)       (5.9)
FORTUNE VALLEY T FVTI US            0.6        (0.4)       (0.5)
FRONTDOOR IN     FTDR US        1,097.0      (334.0)       (5.0)
FRONTDOOR IN     FTDREUR EU     1,097.0      (334.0)       (5.0)
FRONTDOOR IN     3I5 GR         1,097.0      (334.0)       (5.0)
GOGO INC         GOGO US        1,296.8      (284.0)      220.7
GOGO INC         G0G QT         1,296.8      (284.0)      220.7
GOGO INC         G0G TH         1,296.8      (284.0)      220.7
GOGO INC         GOGOUSD EU     1,296.8      (284.0)      220.7
GOGO INC         GOGOEUR EU     1,296.8      (284.0)      220.7
GOGO INC         G0G GR         1,296.8      (284.0)      220.7
GOOSEHEAD INSU-A GSHD US           48.4       (31.9)        -
GOOSEHEAD INSU-A 2OX GR            48.4       (31.9)        -
GOOSEHEAD INSU-A GSHDEUR EU        48.4       (31.9)        -
GRAFTECH INTERNA EAF US         1,529.7      (881.6)      456.0
GRAFTECH INTERNA G6G GR         1,529.7      (881.6)      456.0
GRAFTECH INTERNA G6G TH         1,529.7      (881.6)      456.0
GRAFTECH INTERNA EAFEUR EU      1,529.7      (881.6)      456.0
GRAFTECH INTERNA G6G QT         1,529.7      (881.6)      456.0
GRAFTECH INTERNA EAFUSD EU      1,529.7      (881.6)      456.0
GREEN PLAINS PAR GPP US           121.4       (73.4)       (3.0)
GREEN PLAINS PAR 8GP GR           121.4       (73.4)       (3.0)
GREENLANE HOLD-A GNLN US           93.7       (12.7)       28.0
GREENLANE HOLD-A G67 GR            93.7       (12.7)       28.0
GREENLANE HOLD-A G67 TH            93.7       (12.7)       28.0
GREENLANE HOLD-A G67 QT            93.7       (12.7)       28.0
GREENLANE HOLD-A GNLNUSD EU        93.7       (12.7)       28.0
GREENSKY INC-A   GSKY US          832.7       (73.3)      288.2
HANGER INC       HNGR US          752.0       (30.6)       77.2
HCA HEALTHCARE I 2BH TH        43,379.0    (2,255.0)      577.0
HCA HEALTHCARE I HCA US        43,379.0    (2,255.0)      577.0
HCA HEALTHCARE I 2BH GR        43,379.0    (2,255.0)      577.0
HCA HEALTHCARE I HCA* MM       43,379.0    (2,255.0)      577.0
HCA HEALTHCARE I HCAUSD EU     43,379.0    (2,255.0)      577.0
HCA HEALTHCARE I 2BH TE        43,379.0    (2,255.0)      577.0
HCA HEALTHCARE I HCAEUR EU     43,379.0    (2,255.0)      577.0
HERBALIFE NUTRIT HLF US         2,982.8      (629.1)      304.0
HERBALIFE NUTRIT HOO GR         2,982.8      (629.1)      304.0
HERBALIFE NUTRIT HLFEUR EU      2,982.8      (629.1)      304.0
HERBALIFE NUTRIT HOO QT         2,982.8      (629.1)      304.0
HERBALIFE NUTRIT HLFUSD EU      2,982.8      (629.1)      304.0
HERBALIFE NUTRIT HOO GZ         2,982.8      (629.1)      304.0
HP COMPANY-BDR   HPQB34 BZ     31,946.0    (1,487.0)   (4,918.0)
HEWLETT-CEDEAR   HPQ AR        31,946.0    (1,487.0)   (4,918.0)
HOME DEPOT INC   HD TE         51,515.0    (2,143.0)      880.0
HOME DEPOT INC   HDI TH        51,515.0    (2,143.0)      880.0
HOME DEPOT INC   HDI GR        51,515.0    (2,143.0)      880.0
HOME DEPOT INC   HD US         51,515.0    (2,143.0)      880.0
HOME DEPOT INC   HD* MM        51,515.0    (2,143.0)      880.0
HOME DEPOT INC   HDEUR EU      51,515.0    (2,143.0)      880.0
HOME DEPOT INC   HDI QT        51,515.0    (2,143.0)      880.0
HOME DEPOT INC   HDCHF EU      51,515.0    (2,143.0)      880.0
HOME DEPOT INC   HDUSD EU      51,515.0    (2,143.0)      880.0
HOME DEPOT INC   HDUSD SW      51,515.0    (2,143.0)      880.0
HOME DEPOT INC   HDI GZ        51,515.0    (2,143.0)      880.0
HOME DEPOT INC   HD AV         51,515.0    (2,143.0)      880.0
HOME DEPOT INC   HD CI         51,515.0    (2,143.0)      880.0
HOME DEPOT INC   HD SW         51,515.0    (2,143.0)      880.0
HOME DEPOT-CED   HDC AR        51,515.0    (2,143.0)      880.0
HOME DEPOT-CED   HD AR         51,515.0    (2,143.0)      880.0
HOME DEPOT - BDR HOME34 BZ     51,515.0    (2,143.0)      880.0
HP INC           HPQ TE        31,946.0    (1,487.0)   (4,918.0)
HP INC           7HP GR        31,946.0    (1,487.0)   (4,918.0)
HP INC           HPQ US        31,946.0    (1,487.0)   (4,918.0)
HP INC           7HP TH        31,946.0    (1,487.0)   (4,918.0)
HP INC           HWP QT        31,946.0    (1,487.0)   (4,918.0)
HP INC           HPQCHF EU     31,946.0    (1,487.0)   (4,918.0)
HP INC           HPQUSD EU     31,946.0    (1,487.0)   (4,918.0)
HP INC           HPQ* MM       31,946.0    (1,487.0)   (4,918.0)
HP INC           HPQUSD SW     31,946.0    (1,487.0)   (4,918.0)
HP INC           HPQEUR EU     31,946.0    (1,487.0)   (4,918.0)
HP INC           7HP GZ        31,946.0    (1,487.0)   (4,918.0)
HP INC           HPQ CI        31,946.0    (1,487.0)   (4,918.0)
HP INC           HPQ AV        31,946.0    (1,487.0)   (4,918.0)
HP INC           HPQ SW        31,946.0    (1,487.0)   (4,918.0)
IHEARTMEDIA-CL A IHTM US       14,286.0   (11,566.1)      650.5
INSEEGO CORP     INO TH           177.6       (32.6)       33.4
INSEEGO CORP     INO QT           177.6       (32.6)       33.4
INSEEGO CORP     INSGUSD EU       177.6       (32.6)       33.4
INSEEGO CORP     INO GZ           177.6       (32.6)       33.4
INSEEGO CORP     INSG US          177.6       (32.6)       33.4
INSEEGO CORP     INO GR           177.6       (32.6)       33.4
INSEEGO CORP     INSGEUR EU       177.6       (32.6)       33.4
INSPIRED ENTERTA INSE US          187.7       (13.2)       14.3
INTERCEPT PHARMA ICPT US          438.3       (55.0)      294.5
INTERCEPT PHARMA I4P GR           438.3       (55.0)      294.5
INTERCEPT PHARMA ICPTUSD EU       438.3       (55.0)      294.5
INTERCEPT PHARMA I4P TH           438.3       (55.0)      294.5
INTERCEPT PHARMA I4P QT           438.3       (55.0)      294.5
IRONWOOD PHARMAC I76 TH           363.5      (237.2)       83.3
IRONWOOD PHARMAC IRWD US          363.5      (237.2)       83.3
IRONWOOD PHARMAC I76 GR           363.5      (237.2)       83.3
IRONWOOD PHARMAC IRWDUSD EU       363.5      (237.2)       83.3
IRONWOOD PHARMAC I76 QT           363.5      (237.2)       83.3
IRONWOOD PHARMAC IRWDEUR EU       363.5      (237.2)       83.3
ISRAMCO INC      ISRL US          110.9        (3.7)       (8.7)
ISRAMCO INC      IRM GR           110.9        (3.7)       (8.7)
ISRAMCO INC      ISRLEUR EU       110.9        (3.7)       (8.7)
JACK IN THE BOX  JACK US          832.1      (592.5)      (76.8)
JACK IN THE BOX  JBX GR           832.1      (592.5)      (76.8)
JACK IN THE BOX  JACK1EUR EU      832.1      (592.5)      (76.8)
JACK IN THE BOX  JBX GZ           832.1      (592.5)      (76.8)
JACK IN THE BOX  JBX QT           832.1      (592.5)      (76.8)
KIMBERLY-CLARK   KMY GR        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK   KMY TH        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK   KMB US        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK   KMBEUR EU     15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK   KMY QT        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK   KMY SW        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK   KMBUSD EU     15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK   KMY TE        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK   KMY GZ        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CEDEAR  KMB AR        15,204.0       (18.0)   (1,942.0)
L BRANDS INC     LB US         10,998.0      (898.0)      750.0
L BRANDS INC     LTD TH        10,998.0      (898.0)      750.0
L BRANDS INC     LTD GR        10,998.0      (898.0)      750.0
L BRANDS INC     LBEUR EU      10,998.0      (898.0)      750.0
L BRANDS INC     LB* MM        10,998.0      (898.0)      750.0
L BRANDS INC     LTD QT        10,998.0      (898.0)      750.0
L BRANDS INC     LBUSD EU      10,998.0      (898.0)      750.0
L BRANDS INC     LBRA AV       10,998.0      (898.0)      750.0
LAMB WESTON      LW-WUSD EU     3,111.2       (56.2)      401.4
LAMB WESTON      LW* MM         3,111.2       (56.2)      401.4
LAMB WESTON      0L5 GR         3,111.2       (56.2)      401.4
LAMB WESTON      LW-WEUR EU     3,111.2       (56.2)      401.4
LAMB WESTON      0L5 TH         3,111.2       (56.2)      401.4
LAMB WESTON      0L5 QT         3,111.2       (56.2)      401.4
LAMB WESTON      LW US          3,111.2       (56.2)      401.4
LENNOX INTL INC  LII US         2,105.7      (204.8)      303.5
LENNOX INTL INC  LXI GR         2,105.7      (204.8)      303.5
LENNOX INTL INC  LXI TH         2,105.7      (204.8)      303.5
LENNOX INTL INC  LII1USD EU     2,105.7      (204.8)      303.5
LENNOX INTL INC  LII* MM        2,105.7      (204.8)      303.5
LENNOX INTL INC  LII1EUR EU     2,105.7      (204.8)      303.5
LEXICON PHARMACE LX31 GR          258.5       (45.7)      118.6
LEXICON PHARMACE LXRX US          258.5       (45.7)      118.6
LEXICON PHARMACE LXRXUSD EU       258.5       (45.7)      118.6
LEXICON PHARMACE LXRXEUR EU       258.5       (45.7)      118.6
LEXICON PHARMACE LX31 QT          258.5       (45.7)      118.6
MCDONALDS - BDR  MCDC34 BZ     46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP   MCD SW        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP   MCD US        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP   MDO GR        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP   MCD* MM       46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP   MCD TE        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP   MDO TH        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP   MDO QT        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP   MCDCHF EU     46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP   MCDUSD EU     46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP   MCDUSD SW     46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP   MCDEUR EU     46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP   MDO GZ        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP   MCD AV        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP   MCD CI        46,466.6    (6,550.9)    1,584.8
MCDONALDS-CEDEAR MCD AR        46,466.6    (6,550.9)    1,584.8
MCDONALDS-CEDEAR MCDC AR       46,466.6    (6,550.9)    1,584.8
MEDICINES COMP   MDCO US          835.9       (75.4)      195.0
MEDICINES COMP   MZN GR           835.9       (75.4)      195.0
MEDICINES COMP   MZN GZ           835.9       (75.4)      195.0
MEDICINES COMP   MZN TH           835.9       (75.4)      195.0
MEDICINES COMP   MDCOUSD EU       835.9       (75.4)      195.0
MEDICINES COMP   MZN QT           835.9       (75.4)      195.0
MICHAELS COS INC MIK US         3,679.3    (1,587.4)      307.9
MICHAELS COS INC MIM GR         3,679.3    (1,587.4)      307.9
MOTOROLA SOLUTIO MOT TE         9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO MSI US         9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO MTLA TH        9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO MTLA QT        9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO MTLA GR        9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO MSI1USD EU     9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO MSI1EUR EU     9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO MTLA GZ        9,993.0    (1,090.0)      735.0
MOTOROLA SOL-CED MSI AR         9,993.0    (1,090.0)      735.0
MSCI INC         MSCI US        3,295.6      (316.5)      457.1
MSCI INC         3HM GR         3,295.6      (316.5)      457.1
MSCI INC         MSCIUSD EU     3,295.6      (316.5)      457.1
MSCI INC         MSCI* MM       3,295.6      (316.5)      457.1
MSCI INC         3HM QT         3,295.6      (316.5)      457.1
MSG NETWORKS- A  MSGN US          844.6      (503.3)      205.5
MSG NETWORKS- A  1M4 QT           844.6      (503.3)      205.5
MSG NETWORKS- A  MSGNEUR EU       844.6      (503.3)      205.5
MSG NETWORKS- A  1M4 GR           844.6      (503.3)      205.5
NATHANS FAMOUS   NATH US           94.3       (70.1)       72.2
NATHANS FAMOUS   NFA GR            94.3       (70.1)       72.2
NATHANS FAMOUS   NATHUSD EU        94.3       (70.1)       72.2
NATHANS FAMOUS   NATHEUR EU        94.3       (70.1)       72.2
NATIONAL CINEMED NCMI US        1,117.9      (104.7)      111.7
NATIONAL CINEMED XWM GR         1,117.9      (104.7)      111.7
NATIONAL CINEMED NCMIEUR EU     1,117.9      (104.7)      111.7
NAVISTAR INTL    IHR TH         7,066.0    (3,852.0)    1,393.0
NAVISTAR INTL    NAV US         7,066.0    (3,852.0)    1,393.0
NAVISTAR INTL    IHR GR         7,066.0    (3,852.0)    1,393.0
NAVISTAR INTL    NAVEUR EU      7,066.0    (3,852.0)    1,393.0
NAVISTAR INTL    NAVUSD EU      7,066.0    (3,852.0)    1,393.0
NAVISTAR INTL    IHR QT         7,066.0    (3,852.0)    1,393.0
NAVISTAR INTL    IHR GZ         7,066.0    (3,852.0)    1,393.0
NEW ENG RLTY-LP  NEN US           243.2       (38.2)        -
NRC GROUP HOLDIN NRCG US          394.1       (41.4)       51.2
NRG ENERGY       NRA GR         9,530.0    (1,520.0)    1,513.0
NRG ENERGY       NRA TH         9,530.0    (1,520.0)    1,513.0
NRG ENERGY       NRG US         9,530.0    (1,520.0)    1,513.0
NRG ENERGY       NRA QT         9,530.0    (1,520.0)    1,513.0
NRG ENERGY       NRGEUR EU      9,530.0    (1,520.0)    1,513.0
NRG ENERGY       NRG1USD EU     9,530.0    (1,520.0)    1,513.0
OMEROS CORP      OMER US          101.2      (121.0)       32.4
OMEROS CORP      3O8 GR           101.2      (121.0)       32.4
OMEROS CORP      OMERUSD EU       101.2      (121.0)       32.4
OMEROS CORP      3O8 TH           101.2      (121.0)       32.4
OMEROS CORP      OMEREUR EU       101.2      (121.0)       32.4
ONDAS HOLDINGS I ONDS US            2.8       (20.7)      (17.2)
OPTIVA INC       OPT CN           122.5       (24.0)       18.9
OPTIVA INC       RKNEF US         122.5       (24.0)       18.9
PAPA JOHN'S INTL PP1 GR           739.1       (56.6)      (19.2)
PAPA JOHN'S INTL PZZA US          739.1       (56.6)      (19.2)
PAPA JOHN'S INTL PZZAEUR EU       739.1       (56.6)      (19.2)
PHILIP MORRIS IN PM1 EU        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN 4I1 GR        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN PM US         38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN PM1CHF EU     38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN PM1 TE        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN 4I1 TH        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN PM1EUR EU     38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN PMI SW        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN 4I1 QT        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN PMOR AV       38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN PM* MM        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN 4I1 GZ        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN PMIZ EB       38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN PMIZ IX       38,042.0   (10,185.0)   (2,745.0)
PLANET FITNESS-A PLNT1USD EU    1,509.6      (354.0)      283.0
PLANET FITNESS-A 3PL QT         1,509.6      (354.0)      283.0
PLANET FITNESS-A PLNT1EUR EU    1,509.6      (354.0)      283.0
PLANET FITNESS-A PLNT US        1,509.6      (354.0)      283.0
PLANET FITNESS-A 3PL TH         1,509.6      (354.0)      283.0
PLANET FITNESS-A 3PL GR         1,509.6      (354.0)      283.0
PRIORITY TECHNOL PRTH US          472.1       (85.1)       11.7
PURPLE INNOVATIO PRPL US           84.4        (2.7)       13.4
REATA PHARMACE-A RETAEUR EU       331.3        (4.6)      256.3
REATA PHARMACE-A RETA US          331.3        (4.6)      256.3
REATA PHARMACE-A 2R3 GR           331.3        (4.6)      256.3
RECRO PHARMA INC RAH GR           181.0       (19.0)       68.1
RECRO PHARMA INC REPH US          181.0       (19.0)       68.1
REVLON INC-A     RVL1 GR        3,041.7    (1,132.2)        9.3
REVLON INC-A     REV US         3,041.7    (1,132.2)        9.3
REVLON INC-A     REVUSD EU      3,041.7    (1,132.2)        9.3
REVLON INC-A     RVL1 TH        3,041.7    (1,132.2)        9.3
REVLON INC-A     REVEUR EU      3,041.7    (1,132.2)        9.3
RH               RH US          2,545.8      (247.4)     (189.5)
RH               RHEUR EU       2,545.8      (247.4)     (189.5)
RH               RS1 GR         2,545.8      (247.4)     (189.5)
RH               RH* MM         2,545.8      (247.4)     (189.5)
RIMINI STREET IN RMNI US          124.2      (135.8)     (110.6)
ROSETTA STONE IN RS8 GR           174.8        (9.8)      (71.6)
ROSETTA STONE IN RST US           174.8        (9.8)      (71.6)
ROSETTA STONE IN RST1USD EU       174.8        (9.8)      (71.6)
ROSETTA STONE IN RST1EUR EU       174.8        (9.8)      (71.6)
SALLY BEAUTY HOL S7V GR         2,092.6      (145.1)      753.4
SALLY BEAUTY HOL SBH US         2,092.6      (145.1)      753.4
SALLY BEAUTY HOL SBHEUR EU      2,092.6      (145.1)      753.4
SBA COMM CORP    SBACEUR EU     9,312.8    (3,302.8)   (1,104.1)
SBA COMM CORP    4SB GR         9,312.8    (3,302.8)   (1,104.1)
SBA COMM CORP    SBAC US        9,312.8    (3,302.8)   (1,104.1)
SBA COMM CORP    SBACUSD EU     9,312.8    (3,302.8)   (1,104.1)
SBA COMM CORP    SBAC* MM       9,312.8    (3,302.8)   (1,104.1)
SBA COMM CORP    4SB GZ         9,312.8    (3,302.8)   (1,104.1)
SBA COMM CORP    SBJ TH         9,312.8    (3,302.8)   (1,104.1)
SCIENTIFIC GAMES SGMS US        8,837.0    (2,423.0)      660.0
SCIENTIFIC GAMES SGMSUSD EU     8,837.0    (2,423.0)      660.0
SCIENTIFIC GAMES TJW GR         8,837.0    (2,423.0)      660.0
SCIENTIFIC GAMES TJW TH         8,837.0    (2,423.0)      660.0
SCIENTIFIC GAMES TJW GZ         8,837.0    (2,423.0)      660.0
SEALED AIR CORP  SDA GR         5,155.0      (292.4)       74.1
SEALED AIR CORP  SEE US         5,155.0      (292.4)       74.1
SEALED AIR CORP  SDA QT         5,155.0      (292.4)       74.1
SEALED AIR CORP  SEE1EUR EU     5,155.0      (292.4)       74.1
SEALED AIR CORP  SDA TH         5,155.0      (292.4)       74.1
SHELL MIDSTREAM  49M GR         1,915.0      (254.0)      246.0
SHELL MIDSTREAM  49M TH         1,915.0      (254.0)      246.0
SHELL MIDSTREAM  SHLXUSD EU     1,915.0      (254.0)      246.0
SHELL MIDSTREAM  SHLX US        1,915.0      (254.0)      246.0
SILK ROAD MEDICA SILK US           38.7       (52.8)       18.3
SILK ROAD MEDICA 2OW GR            38.7       (52.8)       18.3
SILK ROAD MEDICA 2OW GZ            38.7       (52.8)       18.3
SILK ROAD MEDICA SILKEUR EU        38.7       (52.8)       18.3
SILK ROAD MEDICA 2OW TH            38.7       (52.8)       18.3
SILK ROAD MEDICA SILKUSD EU        38.7       (52.8)       18.3
SINO UNITED WORL SUIC US            0.1        (0.1)       (0.1)
SIX FLAGS ENTERT 6FE GR         2,724.9      (239.9)     (308.6)
SIX FLAGS ENTERT SIX US         2,724.9      (239.9)     (308.6)
SIX FLAGS ENTERT SIXEUR EU      2,724.9      (239.9)     (308.6)
SIX FLAGS ENTERT SIXUSD EU      2,724.9      (239.9)     (308.6)
SLEEP NUMBER COR SNBR US          770.7      (124.6)     (399.8)
SLEEP NUMBER COR SL2 GR           770.7      (124.6)     (399.8)
SLEEP NUMBER COR SNBREUR EU       770.7      (124.6)     (399.8)
STARBUCKS CORP   SRB GR        17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP   SRB TH        17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP   SBUX* MM      17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP   SRB QT        17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP   SBUXCHF EU    17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP   SBUX TE       17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP   SBUXEUR EU    17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP   SBUX IM       17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP   SBUX US       17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP   SBUXUSD SW    17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP   SBUXUSD EU    17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP   SRB GZ        17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP   SBUX AV       17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP   SBUX CI       17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP   SBUX SW       17,641.9    (5,035.2)     (321.1)
STARBUCKS-BDR    SBUB34 BZ     17,641.9    (5,035.2)     (321.1)
STARBUCKS-CEDEAR SBUX AR       17,641.9    (5,035.2)     (321.1)
STEALTH BIOTHERA S1BA GR           15.5      (175.3)      (27.3)
STEALTH BIOTHERA MITO US           15.5      (175.3)      (27.3)
SUNPOWER CORP    S9P2 GR        2,307.7      (221.5)      190.3
SUNPOWER CORP    S9P2 TH        2,307.7      (221.5)      190.3
SUNPOWER CORP    SPWR US        2,307.7      (221.5)      190.3
SUNPOWER CORP    S9P2 QT        2,307.7      (221.5)      190.3
SUNPOWER CORP    S9P2 SW        2,307.7      (221.5)      190.3
SUNPOWER CORP    SPWREUR EU     2,307.7      (221.5)      190.3
SUNPOWER CORP    SPWRUSD EU     2,307.7      (221.5)      190.3
TAILORED BRANDS  TLRDEUR EU     2,765.5        (4.0)      291.4
TAILORED BRANDS  WRM TH         2,765.5        (4.0)      291.4
TAILORED BRANDS  TLRDUSD EU     2,765.5        (4.0)      291.4
TAILORED BRANDS  TLRD US        2,765.5        (4.0)      291.4
TAILORED BRANDS  WRM GR         2,765.5        (4.0)      291.4
TAILORED BRANDS  TLRD* MM       2,765.5        (4.0)      291.4
TAUBMAN CENTERS  TU8 GR         4,451.4      (331.9)        -
TAUBMAN CENTERS  TCO US         4,451.4      (331.9)        -
TRANSDIGM GROUP  TDG US        17,797.2    (1,482.2)    3,869.3
TRANSDIGM GROUP  T7D GR        17,797.2    (1,482.2)    3,869.3
TRANSDIGM GROUP  TDG* MM       17,797.2    (1,482.2)    3,869.3
TRANSDIGM GROUP  T7D TH        17,797.2    (1,482.2)    3,869.3
TRANSDIGM GROUP  TDGUSD EU     17,797.2    (1,482.2)    3,869.3
TRANSDIGM GROUP  T7D QT        17,797.2    (1,482.2)    3,869.3
TRANSDIGM GROUP  TDGEUR EU     17,797.2    (1,482.2)    3,869.3
TRANSMEDICS GROU TMDX US           38.8       (12.5)       13.9
TRIUMPH GROUP    TG7 GR         2,854.6      (573.3)      265.8
TRIUMPH GROUP    TGI US         2,854.6      (573.3)      265.8
TRIUMPH GROUP    TGIEUR EU      2,854.6      (573.3)      265.8
TUPPERWARE BRAND TUP GR         1,438.8      (184.0)     (141.3)
TUPPERWARE BRAND TUP US         1,438.8      (184.0)     (141.3)
TUPPERWARE BRAND TUP QT         1,438.8      (184.0)     (141.3)
TUPPERWARE BRAND TUP TH         1,438.8      (184.0)     (141.3)
TUPPERWARE BRAND TUP1EUR EU     1,438.8      (184.0)     (141.3)
TUPPERWARE BRAND TUP1USD EU     1,438.8      (184.0)     (141.3)
TUPPERWARE BRAND TUP GZ         1,438.8      (184.0)     (141.3)
UNISYS CORP      USY1 TH        2,484.5    (1,282.5)      345.4
UNISYS CORP      USY1 GR        2,484.5    (1,282.5)      345.4
UNISYS CORP      UIS US         2,484.5    (1,282.5)      345.4
UNISYS CORP      UIS1 SW        2,484.5    (1,282.5)      345.4
UNISYS CORP      UISEUR EU      2,484.5    (1,282.5)      345.4
UNISYS CORP      UISCHF EU      2,484.5    (1,282.5)      345.4
UNISYS CORP      UIS EU         2,484.5    (1,282.5)      345.4
UNISYS CORP      USY1 GZ        2,484.5    (1,282.5)      345.4
UNISYS CORP      USY1 QT        2,484.5    (1,282.5)      345.4
UNITI GROUP INC  UNIT US        4,697.3    (1,463.5)        -
UNITI GROUP INC  8XC GR         4,697.3    (1,463.5)        -
UNITI GROUP INC  CSALUSD EU     4,697.3    (1,463.5)        -
UNITI GROUP INC  8XC TH         4,697.3    (1,463.5)        -
VALVOLINE INC    VVVUSD EU      1,914.0      (298.0)      343.0
VALVOLINE INC    0V4 GR         1,914.0      (298.0)      343.0
VALVOLINE INC    0V4 TH         1,914.0      (298.0)      343.0
VALVOLINE INC    VVVEUR EU      1,914.0      (298.0)      343.0
VALVOLINE INC    0V4 QT         1,914.0      (298.0)      343.0
VALVOLINE INC    VVV US         1,914.0      (298.0)      343.0
VANTAGE DRILL-UT VTGGF US       1,107.9      (112.5)      228.5
VECTOR GROUP LTD VGR US         1,429.2      (590.1)      324.7
VECTOR GROUP LTD VGR GR         1,429.2      (590.1)      324.7
VECTOR GROUP LTD VGR QT         1,429.2      (590.1)      324.7
VECTOR GROUP LTD VGREUR EU      1,429.2      (590.1)      324.7
VERISIGN INC     VRS GR         1,919.7    (1,406.1)      374.0
VERISIGN INC     VRSN US        1,919.7    (1,406.1)      374.0
VERISIGN INC     VRS TH         1,919.7    (1,406.1)      374.0
VERISIGN INC     VRS QT         1,919.7    (1,406.1)      374.0
VERISIGN INC     VRS SW         1,919.7    (1,406.1)      374.0
VERISIGN INC     VRSN* MM       1,919.7    (1,406.1)      374.0
VERISIGN INC     VRSNUSD EU     1,919.7    (1,406.1)      374.0
VERISIGN INC     VRSNEUR EU     1,919.7    (1,406.1)      374.0
VERISIGN INC     VRS GZ         1,919.7    (1,406.1)      374.0
W&T OFFSHORE INC UWV GR           842.5      (372.6)       14.6
W&T OFFSHORE INC WTI US           842.5      (372.6)       14.6
W&T OFFSHORE INC WTI1EUR EU       842.5      (372.6)       14.6
W&T OFFSHORE INC WTI1USD EU       842.5      (372.6)       14.6
W&T OFFSHORE INC UWV TH           842.5      (372.6)       14.6
WAYFAIR INC- A   W US           2,113.9      (479.1)     (112.0)
WAYFAIR INC- A   1WF GR         2,113.9      (479.1)     (112.0)
WAYFAIR INC- A   WEUR EU        2,113.9      (479.1)     (112.0)
WAYFAIR INC- A   1WF QT         2,113.9      (479.1)     (112.0)
WEIGHT WATCHERS  WW6 GR         1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS  WW US          1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS  WTWEUR EU      1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS  WW6 QT         1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS  WTWUSD EU      1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS  WW6 GZ         1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS  WTW AV         1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS  WW6 TH         1,526.2      (815.1)      (44.7)
WESTERN UNION    W3U TH         9,432.0      (374.2)      190.9
WESTERN UNION    WU* MM         9,432.0      (374.2)      190.9
WESTERN UNION    W3U GR         9,432.0      (374.2)      190.9
WESTERN UNION    WU US          9,432.0      (374.2)      190.9
WESTERN UNION    W3U QT         9,432.0      (374.2)      190.9
WESTERN UNION    WUUSD EU       9,432.0      (374.2)      190.9
WESTERN UNION    WUEUR EU       9,432.0      (374.2)      190.9
WESTERN UNION    W3U GZ         9,432.0      (374.2)      190.9
WESTERN UNIO-BDR WUNI34 BZ      9,432.0      (374.2)      190.9
WIDEOPENWEST INC WOW US         2,462.2      (284.2)      (97.6)
WIDEOPENWEST INC WU5 GR         2,462.2      (284.2)      (97.6)
WIDEOPENWEST INC WOW1EUR EU     2,462.2      (284.2)      (97.6)
WIDEOPENWEST INC WU5 QT         2,462.2      (284.2)      (97.6)
WINGSTOP INC     WING US          151.5      (220.5)        5.4
WINGSTOP INC     WING1EUR EU      151.5      (220.5)        5.4
WINGSTOP INC     EWG GR           151.5      (220.5)        5.4
WINMARK CORP     GBZ GR            46.8       (21.5)        6.9
WINMARK CORP     WINA US           46.8       (21.5)        6.9
WYNDHAM DESTINAT WD5 TH         7,370.0      (584.0)      525.0
WYNDHAM DESTINAT WYND US        7,370.0      (584.0)      525.0
WYNDHAM DESTINAT WD5 GR         7,370.0      (584.0)      525.0
WYNDHAM DESTINAT WD5 QT         7,370.0      (584.0)      525.0
WYNDHAM DESTINAT WYNEUR EU      7,370.0      (584.0)      525.0
YELLOW PAGES LTD Y CN             418.5      (106.1)       82.7
YELLOW PAGES LTD YLWDF US         418.5      (106.1)       82.7
YUM! BRANDS INC  TGR TH         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC  TGR GR         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC  YUMEUR EU      4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC  TGR QT         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC  YUM SW         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC  YUM* MM        4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC  YUM US         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC  YUM AV         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC  TGR TE         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC  YUMUSD SW      4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC  YUMUSD EU      4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC  TGR GZ         4,744.0    (7,904.0)     (141.0)



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2019.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

                   *** End of Transmission ***