/raid1/www/Hosts/bankrupt/TCR_Public/190723.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, July 23, 2019, Vol. 23, No. 203

                            Headlines

160 ROYAL PALM: Court Nixes KK-PB Bid to Stay Orders Pending Appeal
ACCESS CIG: Moody's Affirms B3 Corp. Family Rating, Outlook Stable
ACCESS CIG: S&P Affirms B Issuer Credit Rating on Term Loan Add-on
ACTUANT CORP: S&P Affirms BB Issuer Credit Rating; Outlook Stable
ADAIR MECHANICAL: Case Summary & 20 Largest Unsecured Creditors

AGILE THERAPEUTICS: Chief Financial Officer Will Quit
ALGON CORPORATION: Has Increased Compass Bank Protection Payment
ALGON CORPORATION: U.S. Trustee Forms 3-Member Committee
ALL AMERICAN TAXI: Seeks to Hire Rosenberg Musso as Legal Counsel
ALPINE 4 TECHNOLOGIES: Shareholders OK Capital Structure Change

ALTA MESA: Inks Separation Agreement with Chief Accounting Officer
ARR INVESTMENTS: Seeks to Hire Morris Southeast Group as Broker
ATI DALLAS: Seeks to Hire Andrews Myers as Legal Counsel
AUGER DRILLING: Seeks to Hire Hinckley Cook as Accountant
B. & J. PROPERTY: Unsecureds to Get Full Payment With Interest

BLACK RIDGE: Signs $5 Million Stock Purchase Agreements
BLACKHAWK MINING: Case Summary & 30 Largest Unsecured Creditors
BODY CONTOUR: Ch. 11 Plan of Liquidation Co-Proposed by Committee
BRETHREN HOME: Seeks Authority to Use Rents From Pleasant Hill
BROADSTREET PARTNERS: Moody's Retains B2 CFR Amid Incremental Loan

CALMARE THERAPEUTICS: Board Elects Dr. Santanu Das as Director
CANCER GENETICS: Director Leaves Over Secured Creditor APA
CANCER GENETICS: Sells BioPharma Business for $23.5 Million
CASTLE ARCH: Agreement Voids MOU Terms, 10th Cir. Affirms
CELADON GROUP: Extends Maturity of Credit Agreement

CHARMING CHARLIE: U.S. Trustee Forms 7-Member Committee
CHINA LENDING: Nasdaq Schedules Hearing to Consider Compliance Plan
CRM CITY FELLOWSHIP: Unsecureds to Get $2,128 Per Month for 54 Mos
CRUISING GUIDE: Files Chapter 11 Plan of Reorganization
CYTODYN INC: Signs Consulting Agreements with Executives

D.W. ALLEN MARINE: U.S. Trustee Unable to Appoint Committee
DIVERSIFIED RESOURCES: Gets Final Nod to Use Cash Collateral
DPW HOLDINGS: Stockholders Approve Two Remaining Proposals
DRESS BARN: Offers for Intellectual Property Assets Due September
EKSO BIONICS: May Issue Added 3.5M Shares Under 2014 Equity Plan

ELECTRONIC SERVICE: Unsecureds to Get Monthly Payment Over 5 Years
ENERGY XXI: Court Junks K. Plaisance Suit vs J. Schiller, et al.
F & S ASSOCIATES: Sept. 11 Hearing on Disclosure Statement
FACTORY SALES: Executed Indemnity Not Ambiguous, Court Affirms
FERRELL TRANSPORTATION: Final Cash Collateral Order Entered

FIRST CREEK: Moody's Rates $9.1MM Series 2019A Bonds 'Ba1'
FLOORS TODAY: Seeks Authorization to Use Cash Collateral
FUELCELL ENERGY: Receives Noncompliance Notice from Nasdaq
GATEWAY RADIOLOGY: Must File Plan, Disclosures Before Sept. 25
GENOCEA BIOSCIENCES: NEA 16 et al. Have 34% Stake as of June 24

GLOBAL EAGLE: Expects $61 Million of Additional Liquidity
HCB ENTERPRISES: New Plan Modifies Treatment of NSB Secured Claim
HEATING & PLUMBING: Case Summary & 20 Largest Unsecured Creditors
HELIOS AND MATHESON: Gets Waiver for Notes Amortization Payment
HOOK AND BOIL: US Trustee Seeks Rejection of Plan and Disclosures

IMPERIAL 290 HOSPITALITY: Unsecureds to be Paid in Full in 24 Mos.
JACKSON OVERLOOK: Unsecureds to Get Up to 100% Under Ch. 11 Plan
KLC SAN DIEGO: Amends Plan to Modify Treatment of Secured Claims
LEE ENTERPRISES: Moody's Affirms B3 CFR, Outlook Stable
LOANCORE CAPITAL: Moody's Affirms B1 CFR & Alters Outlook to Stable

LUXURY LIMOUSINE: Modifies Treatment of Fleetway Leasing Claims
MCCLATCHY CO: Seeking Waiver of Minimum Pension Plan Contribution
MELINTA THERAPEUTICS: FMR LLC is No Longer a Shareholder
MELINTA THERAPEUTICS: Reports Preliminary Second Quarter Results
MESABI METALLICS: CBI, EIBI Loses Summary Judgment Bid vs U.S. Bank

MICROVISION INC: Files Form 10-Q for Second Quarter
MIDATECH PHARMA: Reveals Positive Results From MTX102 Study in Man
MIDCONTINENT COMMUNICATIONS: S&P Rates New $685MM Term Loan B 'BB'
MONITRONICS INT'L: Hires Moelis & Company as Investment Banker
MONITRONICS INTERNATIONAL: Taps FTI Consulting as Financial Advisor

MONITRONICS INTERNATIONAL: Taps Hunton Andrews as Co-Counsel
MONITRONICS INTERNATIONAL: Taps King & Spalding as Co-Counsel
MONITRONICS INTERNATIONAL: Taps Latham & Watkins as Counsel
MRP GENERATION: S&P Cuts Secured Debt Rating to 'B'; Outlook Neg.
NORTHERN DYNASTY: EPA to Withdraw Obama-Era Proposed Determination

ORANGE COUNTY INSURANCE: May Use Cash Collateral Until Nov. 1
PAZZO PAZZO: Aug. 20 Hearing on Plan Outline Set
PES ENERGY: Files Voluntary Chapter 11 Bankruptcy Petition
PES HOLDINGS: Case Summary & 50 Largest Unsecured Creditors
PH DIP INC: $31K Sale of Toys "R" Us Claim to Contrarian Approved

PLAZE INC: Moody's Affirms B2 Corp. Family Rating, Outlook Stable
PRECISION DRILLING: Moody's Raises CFR to B1, Outlook Stable
REAGOR-DYKES MOTORS: Citizens Objects to Disclosure Statement
REAGOR-DYKES MOTORS: First Bank Objects to Disclosure Statement
REAGOR-DYKES MOTORS: Glasscock Objects to Disclosure Statement

REAGOR-DYKES MOTORS: GM Financial Objects to Disclosure Statement
REAGOR-DYKES MOTORS: GM Objects to Disclosure Statement
REAGOR-DYKES MOTORS: MUSA Objects to Disclosure Statement
RENT-A-CENTER INC: S&P Upgrades ICR to 'BB-', Outlook Stable
RUI HOLDING: Sets Sale Procedures for Assets

SANCHEZ ENERGY: S&P Lowers ICR to 'CC' on Deferred Coupon Payment
SCHAEFER AMBULANCE: BidMed Auction of Medical Related Assets Okayed
SCHULDNER LLC: Cash Flow from Operations to Fund Proposed Plan
SILVER LAKE RESORTS: Case Summary & 6 Unsecured Creditors
SMGR LLC: $265K Sale of Murphy's Cocoa Property to Miner Approved

SOUTH CENTRAL: Court Denies Approval of Disclosure Statement
SOVRANO LLC: Unsecured Creditors to be Paid from Gigi's GUC Fund
SPENGLER PLUMBING: Case Summary & 20 Largest Unsecured Creditors
STAP INDUSTRIES: Rofo-First Buying Louisville Property for $650K
STEARNS HOLDINGS: Davis Polk Advises Bank in Chapter 11 Cases

STONEMOR PARTNERS: American Cemeteries Owns 6.2% of Common Units
SUNESIS PHARMACEUTICALS: Caxton Corporation Et Al. Own 5.3% Stake
SUNGLO HOME: To Pay Creditors Over 5-Year Period
TIAN RECLAMATION: New Plan Discloses Filing of REC and PC Claims
TOYS R US: District Court Finds No Implied Assumption of Contract

TRIDENT TPI: S&P Affirms 'B-' Issuer Credit Rating; Outlook Stable
UNITI GROUP: BlackRock Has 11.8% Stake as of June 30
VANGUARD NATURAL: Davis Polk Serves as Adviser in Chapter 11
WESTERN COMMUNICATIONS: $1.15M Sale of Sonora Newspaper Assets OK'd
WESTERN RESERVE: $260K Sale of Personal Property Approved

WHITAKER ENTERPRISE: U.S. Trustee Unable to Appoint Committee
WIL-FLO ENTERPRISES: Seeks Authorization to Use Cash Collateral
WILLIAM PULLUM: Bid for Approval of Mediation Settlement Junked
[*] Deloitte Restructuring Team Launches Special Situations Effort
[] Cullen Drescher Speckhart Joins Cooley's Restructuring Group

[^] Large Companies with Insolvent Balance Sheet

                            *********

160 ROYAL PALM: Court Nixes KK-PB Bid to Stay Orders Pending Appeal
-------------------------------------------------------------------
Bankruptcy Judge Erik P. Kimball issued an order denying KK-PB
Financial, LLC's Emergency Motion to Stay Orders Pending Appeal.

KK-PB Financial, LLC seeks a stay pending appeal of two orders of
this Court relating to the sale of substantially all assets of 160
Royal Palm, LLC, the debtor in this case. Those orders are the
order approving amended sale procedures, entered at ECF number 619,
and the order approving the sale of substantially all of the
debtor's assets, entered at ECF number 651. The debtor filed a
response to the Motion at ECF number 666 and those unsecured
creditors referred to as the "Initial EB-5 Claimants" filed a
response at ECF number 665. In light of the detailed and thorough
arguments presented in the Motion and the responses, and taking
into account the timing concerns in this case, the Court determined
that a hearing on the Motion would not be helpful.

KK-PB has only a negligible chance of success on its appeals from
the Procedures Order and the Sale Order. The Court's findings of
fact in those orders are based on the un-rebutted evidence admitted
at the sale hearing. On appeal, the Court's findings of fact are
subject to reversal only if they are clearly erroneous. In light of
the evidence admitted at the sale hearing, there is no basis to
challenge the Court's findings of fact under this standard. In
addition, KK-PB has no cognizable economic interest in the appeals
and thus no standing. KK-PB's only claim currently subject to
allowance in this case, claim number 72-1, is a secured claim that
will attach to the proceeds of sale and, if finally allowed, will
be paid in full. KK-PB has no right to argue that it or its
affiliate is entitled to have an opportunity to present a bid. As
an aggrieved bidder, KK-PB has no standing to challenge on appeal
the sale contemplated in the Procedures Order and the Sale Order.

KK-PB will suffer no harm if the Court denies its request for a
stay. The potential harm to KK-PB must be measured in relation to
its status as a party in interest in this case, meaning its right
to pursue claims against the bankruptcy estate. KK-PB's only
allowable claim in this case is a fully secured claim that is
entirely protected under the Sale Order. KK-PB's sole argument that
it will be harmed by the failure to grant a stay is that KK-PB will
be denied the possibility of buying the debtor's hotel property.
Not only is KK-PB not the proposed bidder for that property, which
KK-PB identified as Kids2, LLC, but even if KK-PB was the proposed
bidder its inability to buy the debtor's hotel property is not the
kind of harm contemplated under the law.

If the stay is granted, there is a significant risk of harm to the
bankruptcy estate and to unsecured creditors in particular. If a
stay is entered and remains in place for more than 60 days, the
purchaser approved by the Court may terminate its agreement with
the debtor. In spite of the District Court's efficiency in
bankruptcy appeals, based on this Court's experience it is unlikely
that the appeals would be resolved in 60 days. Thus, there is a
substantial chance that the estate and creditors will lose the
benefit of the highly beneficial contract approved in the Sale
Order. Based on the evidence admitted at the sale hearing, there is
no guaranty that Kids2, LLC will actually purchase the hotel
property. Delaying the sale to permit Kids2, LLC to bid represents
a material risk to the bankruptcy estate and creditors. In
addition, if an affiliate of KK-PB purchases the hotel property,
this will result in failure of a settlement between the debtor and
the Town of Palm Beach previously approved by the Court. The Town
will then have substantial claims against the estate including
potential administrative expense claims that have priority over
unsecured claims, thus reducing the distribution to unsecured
creditors. The Court notes that the majority of the unsecured
creditors in this case participated in the sale hearing and
supported entry of the Sale Order.

Finally, the public interest supports denial of the requested stay.
The debtor has marketed its property extensively, in a manner
designed to obtain the best possible bids from parties willing and
able to consummate a transaction, consistent with the debtor's
fiduciary duty to the estate and creditors. The debtor's sale
process resulted in a highly favorable contract that the Court
approved in the Sale Order. To grant a stay to KK-PB under the
circumstances of this case would only encourage parties to
interfere with bankruptcy sales in a manner that would discourage
participation by bona fide bidders.

For these reasons, the motion is denied.

The bankruptcy case is in re: 160 ROYAL PALM, LLC, Chapter 11,
Debtor, Case No. 18-19441-EPK (Bankr. S.D. Fla.).

A copy of the Court's Order dated March 14, 2019 is available at
https://bit.ly/2LzfviQ from Leagle.com.

160 Royal Palm, LLC, Debtor, represented by Philip J. Landau ,
Bernice C. Lee & Eric S. Pendergraft, Shraiberg, Landau & Page,
P.A.

Office of the US Trustee, U.S. Trustee, represented by Heidi A.
Feinman, Office of the US Trustee.

                   About 160 Royal Palm

160 Royal Palm, LLC is a Florida limited liability company, which
owns prime real property consisting of a partially constructed
hotel/condominium located at 160 Royal Palm Way, Palm Beach,
Florida.  The property is under state court receivership.

160 Royal Palm filed a voluntary petition for relief under chapter
11 of the United States Bankruptcy Code (Bankr. S.D. Fla. Case No.
18-19441) on Aug. 2, 2018.  In the petition signed by Cary
Glickstein, sole and exclusive manager, the Debtor disclosed
$16,447,759 in total assets and $114,926,976 in total liabilities.

The case has been assigned to Judge Erik P. Kimball.  

The Debtor tapped Philip J. Landau, Esq., at Shraiberg, Landau &
Page, P.A., as its counsel; and Greenberg Traurig, P.A. as its
special counsel and title agent.  

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


ACCESS CIG: Moody's Affirms B3 Corp. Family Rating, Outlook Stable
------------------------------------------------------------------
Moody's Investors Service affirmed Access CIG, LLC's B3 Corporate
Family Rating and B3-PD Probability of Default Rating following the
announcement that the company will amend its senior secured credit
facility and increase the first lien term loan by $150 million, the
proceeds of which will be used to finance several acquisitions
under contract. Concurrently, Moody's affirmed the company's senior
secured first lien credit facility at B2, consisting of proposed
amended and upsized $930 million first lien term loan ($773 million
outstanding and $150 million incremental term loan) and a $60
million revolving credit facility, as well as Caa2 rating on the
second lien senior secured term loan. The outlook remains stable.

Access intends to raise $150 million in incremental first lien debt
and together with balance sheet cash to fund pending acquisitions
and pay transaction fees and expenses. The company is also
proposing to put in place a $50 million delayed draw first lien
term loan to be drawn within 12 months of closing. The delayed draw
term loan is expected to be used for permitted acquisitions and
general corporate purposes. Moody's believes the transaction is
moderately credit negative because it increases debt and leverage
with debt-financed acquisitions while the specific use for some of
the proceeds is not fully determined. The financing is expected to
close in August 2019.

Moody's took the following rating actions on Access CIG, LLC:

Affirmations:

Issuer: Access CIG, LLC

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

$930 million (including $150 million incremental) Senior Secured
1st lien Term Loan due 2025, Affirmed B2 (LGD3)

$60 million Senior Secured 1st lien Revolving Credit Facility due
2023, Affirmed B2 (LGD3)

$275 million Senior Secured 2nd lien Term Loan due 2026, Affirmed
Caa2 (LGD5)

Assignments:

Issuer: Access CIG, LLC

$50 million Senior Secured 1st lien Delayed Draw Term Loan due
2025, Assigned B2 (LGD3)

Outlook Actions:

Issuer: Access CIG, LLC

Outlook, Remains Stable

All ratings are subject to the execution of the transaction as
currently proposed and Moody's review of final documentation. The
instrument ratings are subject to change if the proposed capital
structure is modified.

RATINGS RATIONALE

The B3 CFR reflects Access' high closing debt-to-EBITDA leverage
(Moody's adjusted EBITDA, including acquisition and integration
expenses) estimated at around 7.5 times at March 31, 2019,
aggressive growth strategy that relies on incremental debt issuance
and limits free cash flow generation, modest revenue base, and
risks associated with private equity ownership. Moody's expects
Access' debt-to-EBITDA leverage will remain in the low-to-mid 7.0
times range as the company utilizes the delayed draw term loan to
fund its expansion strategy over the next 12-18 months.
Additionally, Moody's believes that over time organic growth in the
company's high margin document storage business will be
increasingly constrained by the ongoing secular shift away from
paper towards electronic media and business growth will be
primarily driven by small acquisitions that Moody's views as a
cost-effective source of new customers.

The rating is supported by the company's highly recurring records
storage revenues (approximately 60% of total revenue) with a large
and diverse customer base, high EBITDA margins estimated in the
high 30% range, and expectation for stable and modest growth in
outsourcing of document storage in the small and medium enterprises
(SME) market segment, which is the company's primary area of focus.
Access' revenues have high geographic and customer diversity within
the US, with historically strong client retention rates above 95%.

The stable outlook reflects Moody's view that the company's credit
metrics will slightly improve over the next 12-18 months,
predicated on the expectation that Access will successfully
complete integration of recent and future acquisitions, realize
cost synergies as expected and maintain at least adequate liquidity
including modestly positive free cash flow.

Moody's considers Access' liquidity as adequate. Liquidity is
provided by $15 million of balance sheet at closing, expectation of
breakeven to slightly positive free cash flow in 2019 and full
availability under the proposed $60 million revolving credit
facility expiring in 2023. Moody's expect that the company will
continue to rely on the revolver for acquisition and integration
expenses. A net first lien leverage covenant is applicable to the
revolver only if it is drawn more than 35%. Moody's does not expect
the covenant to be triggered over the next 12 months and believes
there will be good cushion within covenant level. There is no
financial maintenance covenant under the proposed term loans.

The ratings could be downgraded if operational challenges lead to
top-line and earnings pressure such that debt-to-EBITDA (Moody's
adjusted) leverage is sustained above 7.5 times, the EBITDA margin
declines, or liquidity deteriorates, including increased revolver
usage or an inability to restore and sustain positive free cash
flow generation.

Given Access' aggressive strategy and modest scale a ratings
upgrade is not expected in the near term. Profitable revenue growth
that leads to a material reduction in leverage, and free cash flow
in excess of 5% of total debt is necessary for an upgrade.

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

Headquartered in Boston, MA, Access provides Records and
Information Management (RIM) services primarily to the SME segment
in the U.S. Following a September 2017 completed sale of a minority
equity stake, Access is owned by Berkshire Partners LLC (47.5%), GI
Partners (47.5%) and management (5%). Moody's expects the company's
pro forma annual revenue to exceed $400 million in 2019.


ACCESS CIG: S&P Affirms B Issuer Credit Rating on Term Loan Add-on
------------------------------------------------------------------
S&P Global Ratings affirmed all of its ratings on U.S.-based
records information management company Access CIG, LLC, including
the 'B' issuer credit and issue-level ratings on the company's
first-lien credit facilities, and the 'CCC+' issue-level rating on
the second-lien term loans.

Access CIG is issuing a $150 million incremental first-lien term
loan and a new $50 million delayed draw first-lien term loan
(undrawn at close). S&P expects the company to use the proceeds
from the $150 million add-on, along with cash from the balance
sheet, to fund multiple acquisitions currently under a letter of
intent as well as related transaction and integration expenses.

The recovery rating on the first-lien credit facilities remains '3'
and the recovery rating on the second-lien term loans remains '6'.
S&P also assigned a 'B' issue-level and '3' recovery rating to the
proposed delayed draw first-lien term loan.

The affirmation reflects S&P's view that the proposed incremental
debt issuance is largely credit neutral and consistent with its
previous expectations of Access continuing to seek growth through
debt-funded acquisitions. S&P's view is supported by the fact that,
pro forma for the expected EBITDA contribution from the businesses
to be acquired and despite higher debt levels, leverage will remain
in the low-7x area, comfortably below the rating agency's 7.5x
downgrade trigger. The transaction will pressure reported GAAP
EBITDA and free operating cash flow (FOCF) metrics in 2019 due to
the slightly higher-than-usual additional integration investments
required for the current pipeline of acquisition targets, offset by
the fact that cash costs will be pre-funded by the proposed
issuance, allowing Access to maintain adequate liquidity.

The stable outlook reflects S&P's expectation that Access will
continue to demonstrate solid operating performance, supported by
the successful integration of recent acquisitions, low-single-digit
organic growth rates, and healthy EBITDA margins, such that
leverage remains in the low- to mid-7x area and FOCF to debt,
excluding any growth spending deemed to be entirely discretionary,
remains above 5%. The outlook also reflects S&P's expectation that
the company will make financial policy choices that maintain
leverage metrics within the aforementioned range, all while
maintaining ample available liquidity. The outlook is further
supported by Access's stable and recurring revenue base, supported
by low customer turnover, high switching costs, and long-term
storage contracts.

S&P could lower its rating on Access should it expects leverage to
increase to above 7.5x and FOCF to debt to decline to below 3% on a
sustained basis. S&P could also lower its rating should available
liquidity decline below $50 million or organic revenue growth rates
turn negative, which would indicate stronger-than-anticipated
headwinds from a secular shift away from physical storage or
weakening competitive position. This would likely occur should the
company become even more aggressive in its debt-funded
acquisition-focused growth strategy or should any one large
acquisition or series of unsuccessful acquisitions drive a need for
elevated integration, restructuring, or capital spending-related
cash outflows, further pressuring free operating cash flow.

An upgrade is unlikely given Access's sponsor ownership and recent
aggressive debt-funded growth strategy, which results in S&P's
expectation of leverage sustained above 7x for the foreseeable
future. An upgrade would be predicated on the company committing to
a more conservative financial policy of maintaining leverage below
6x on a permanent basis, coupled with FOCF to debt sustained in the
high-single-digits and an increased scale of operations.


ACTUANT CORP: S&P Affirms BB Issuer Credit Rating; Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB' issuer credit rating on
U.S.-based Actuant Corp. (Actuant) and removed all ratings from
CreditWatch, where it placed them with negative implications on
Jan. 24, 2019. The outlook is stable.

At the same time, S&P affirmed its 'BB-' issue-level rating on the
company's senior unsecured notes and removed the rating from
CreditWatch. The '5' recovery rating on this debt indicates its
expectation for modest (10%-30%; rounded estimate: 15%) recovery in
a default.

Actuant announced in January 2019 that it was divesting the
underperforming Engineered Components & Systems (EC&S) segment
(minus Cortland US). S&P's affirmation of its ratings on Actuant
and removal from CreditWatch reflects its view that the remaining
entity will have increased stability and margins, despite the
reduced scale and diversity of products, following the sale of the
EC&S segment. S&P anticipates adjusted debt to EBITDA will be in
the low-2x area by the end of 2019 and in 2020.

The stable outlook on Actuant reflects S&P's expectation that the
company's adjusted debt to EBITDA will remain between 1.5x-2.5x
over the next two years as it focuses on growing the industrial
tools segment. The stable outlook also incorporates S&P's
expectation that Actuant will manage its share repurchases and
acquisition activity such that its leverage remains between
1.5x-2.5x through 2020.

"We could lower our ratings on Actuant if we expect the company's
adjusted debt to EBITDA to increase above 3x for a sustained period
with limited prospects for improvement. This could be caused by a
greater-than-expected reduction in industrial production and/or
construction projects that constrains the company's operating
performance," S&P said. In addition, if the company were to pursue
a larger-than-expected debt-funded acquisition that causes its
leverage to increase above 3x for a sustained period, S&P could
lower the ratings.

"Although unlikely, we could upgrade Actuant over the next 12
months if we expect Actuant to sustain adjusted debt to EBITDA of
less than 1.5x, including acquisitions and shareholder returns, and
the company's scale is more comparable to higher-rated entities,"
S&P said, adding that it would need to believe that future
financial policies will support the improved adjusted debt to
EBITDA metric on a sustained basis.


ADAIR MECHANICAL: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Adair Mechanical Services, Inc.
        P.O. Box 1378
        Argyle, TX 76226

Business Description: Adair Mechanical Services Inc. offers both
                      mechanical and plumbing services.

Chapter 11 Petition Date: July 19, 2019

Court: United States Bankruptcy Court
       Eastern District of Texas (Sherman)

Case No.: 19-41928

Judge: Hon. Brenda T. Rhoades

Debtor's Counsel: Eric A. Liepins, Esq.
                  ERIC A. LIEPINS
                  12770 Coit Road, Suite 1100
                  Dallas, TX 75251
                  Tel: (972) 991-5591
                  E-mail: eric@ealpc.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Brandon Monroe, president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at:

        http://bankrupt.com/misc/txeb19-41928.pdf


AGILE THERAPEUTICS: Chief Financial Officer Will Quit
-----------------------------------------------------
Scott M. Coiante, Agile Therapeutics, Inc.'s senior vice president
and chief financial officer, informed the Company that he has
accepted a position with a private company.  Mr. Coiante will be
departing the Company after the filing of the Company's quarterly
report on Form 10-Q for the period ending June 30, 2019.  After his
departure, Mr. Coiante will be available to assist the Company to
support a smooth transition of his roles and responsibilities
through Dec. 31, 2019.  The Company has initiated a search for his
successor.  Joseph D'Urso, the Company's controller, will serve as
the Company's interim principal accounting and principal financial
officer after Mr. Coiante leaves the Company while the Company
completes its search for a permanent chief financial officer.

The Company said Mr. Coiante's decision to depart from the Company
is solely for personal reasons and does not reflect any
disagreement with the Company.  The Company thanked Mr. Coiante for
his many contributions over nine years and for his willingness to
continue to assist the Company to ensure a smooth transition.

                    About Agile Therapeutics

Agile Therapeutics, headquartered in Princeton, New Jersey --
http://www.agiletherapeutics.com/-- is a forward-thinking women's
healthcare company dedicated to fulfilling the unmet health needs
of today's women.  Twirla and the Company's other current potential
product candidates are designed to provide women with contraceptive
options that offer greater convenience and facilitate compliance.
Its lead product candidate, Twirla, also known as AG200-15, is a
once-weekly prescription combination hormonal contraceptive patch
that is at the end of Phase 3 clinical development.  The Company
plans to resubmit its new drug application, or NDA, for Twirla to
the U.S. Food and Drug Administration, or FDA, and seek FDA
approval of the NDA in 2019.

Agile Therapeutics reported a net loss of $19.77 million for the
year ended Dec. 31, 2018, compared to a net loss of $28.30 million
for the year ended Dec. 31, 2017.  As of March 31, 2019, the
Company had $26.13 million in total assets, $1.34 million in total
current liabilities, $128,000 in long term lease liability, and
$24.66 million in total stockholders' equity.

Ernst & Young LLP, in Iselin, New Jersey, the Company's auditor
since 2010, issued a "going concern" qualification in its report on
the consolidated financial statements for the year ended Dec. 31,
2018, stating that the Company has suffered recurring losses from
operations, has experienced delays in the approval of its product
candidate and has stated that substantial doubt exists about the
Company's ability to continue as a going concern.


ALGON CORPORATION: Has Increased Compass Bank Protection Payment
----------------------------------------------------------------
Algon Corporation filed with the U.S. Bankruptcy Court for the
Southern District of Florida an amended expedited motion for
authorization to use cash collateral.

The amendments include increased adequate protection payments to
Compass Bank, from $7,500 per month to $13,000 per month. It also
includes revisions to paragraphs 32 and 33 to more accurately
reflect collateral values, to wit:

"32. It is estimated that Algon's assets today are roughly as
follows:

          a. Cash: $60,000;
          b. Collectable Accounts Receivable: $460,000;
          c. Collectable Accounts Receivable from Algon Mexico:
$565,000;
          d. Inventory: Booked at $52,000.00; Liquidation value:
$30,000;
          e. Furniture, fixtures, equipment: Booked at $37,500;
Liquidation value: $9,400."

"33. Compass is also secured by a blanket lien on the Algon Mexico
accounts receivable ($1,614,000); inventory ($468,000); and
furniture, fixtures, and equipment ($17,000). Accordingly, the
amount of all Algon and Algon Mexico assets subject to the Compass
liens at going concern value would be approximately $3,000,000.
Liquidation value would be substantially less. The total loans with
interest are approximately $8,785,000. Accordingly, Compass is
significantly under-secured. It would remain under-secured even
upon payment to Compass of the $4,500,000 EXIM guarantee."

A copy of the Amended Cash Collateral Motion is available for free
at

         http://bankrupt.com/misc/flsb19-18864-12.pdf

                       About Algon Corp

Algon Corp -- https://www.algon.com/ -- is a worldwide distributor
of raw materials and industrial parts for the pharmaceutical,
cosmetic, and food industries. The Company is located in Miami,
Florida.

Algon Corp sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 19-18864) on July 1, 2019.  In the
petition signed by its president, Alfredo Suarez, the Debtor
estimated assets and liabilities of less than $10 million.  The
Hon. Robert A. Mark is the assigned to the case.  The Debtor is
represented by Geoffrey S. Aaronson, Esq., at Aaronson Schantz
Beiley P.A.


ALGON CORPORATION: U.S. Trustee Forms 3-Member Committee
--------------------------------------------------------
The U.S. Trustee for Region 21 on July 19 appointed three creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 case of Algon Corporation.

The committee members are:

     (1) John A. Mason GmbH & Co. KG
         Andreas Sassenberg, GM and Owner of JAM
         Stein-Hardenberg –Str.
         39, D-22045  
         Hamburg, Germany
         Phone: 0049-40-661665
         Fax: 0049-40-6684017
         Office@mason-chemie.de

     (2) Jennifer Flowers
         Accounting Department  
         Create Trade Capital
         1100 Lee Wagener Blvd., Suite #311   
         Ft. Lauderdale, FL 33315
         Phone: 954-990-8662
         Fax: 954-991-0494

     (3) Gregory Saputo
         Director of Sales
         Se-Kure Controls, Inc.
         7249 Spring Mountain Ln.   
         Yalaha, FL 34797
         Phone: 800-322-2435 Ext. #1245
         Fax: 847-288-9999
         Gsaputo@se-kure.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 Algon Corp

Algon Corp -- https://www.algon.com/ -- is a worldwide distributor
of raw materials and industrial parts for the pharmaceutical,
cosmetic, and food industries.  The company is located in Miami.

Algon Corp sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 19-18864) on July 1, 2019.  In the
petition signed by its president, Alfredo Suarez, the Debtor
estimated assets and liabilities of less than $10 million.  The
Hon. Robert A. Mark is assigned to the case.  The Debtor is
represented by Geoffrey S. Aaronson, Esq., at Aaronson Schantz
Beiley P.A.


ALL AMERICAN TAXI: Seeks to Hire Rosenberg Musso as Legal Counsel
-----------------------------------------------------------------
All American Taxi Management Inc. and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the Southern District
of New York to employ Rosenberg, Musso & Weiner, LLP as their legal
counsel.

The firm will advise the Debtors of their powers and duties in the
continued operation of their business and management of their
property; prepare pleadings and other legal papers; and provide
other legal services in connection with their Chapter 11 cases.

The billing rate is $650 per hour for partners and $525 per hour
for associates.

The Debtors paid the firm an initial retainer fee of $4,375 per
case or $17,500 in total.

Bruce Weiner, Esq., a partner at Rosenberg, disclosed in a court
filing that his firm is "disinterested" as defined in Section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Bruce Weiner, Esq.
     Rosenberg, Musso & Weiner, LLP
     26 Court Street, Suite 2211
     Brooklyn, NY 11242
     Phone: 718-855-6840
     Email: courts@nybankruptcy.net

                About All American Taxi Management Inc.

All American Taxi Management Inc. and its affiliates are privately
held companies that operate in the taxi and limousine service
industry.

All American Taxi Management Inc., Julissa Cab Corp., Christian Cab
Corp. and Liasilv Taxi Inc. filed petitions for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case no.
19-11294) on April 29, 2019. The petitions were signed by Luisa
Perez Pimentel, president.

At the time of filing, All American Taxi estimated $100,000 to
$500,000 in assets and $500,000 to $1 million in liabilities.
Julissa Cab Corp., Christian Cab Corp. and Liasilv Taxi Inc. each
estimated $50,000 in assets and $1 million to $10 million in
liabilities.

Bruce Weiner, Esq., at Rosenberg, Musso & Weiner LLP, represents
the Debtors as counsel.


ALPINE 4 TECHNOLOGIES: Shareholders OK Capital Structure Change
---------------------------------------------------------------
Alpine 4 Technologies Ltd. has closed the voting period in
connection with a proposed amendment to the Company's Certificate
of Incorporation to create a new class of common stock titled Class
C Common Stock, for which the Board of Directors solicited votes by
written consent.  In connection with the Written Consent, the
Company's Board of Directors had approved an Amended and Restated
Certificate of Incorporation to change the capital structure of the
Company, and recommended the amendment to the shareholders of the
Company.  On July 12, 2019, the shareholders approved the filing of
the Amended and Restated Certificate of Incorporation to change the
capital structure of the Company.

On June 14, 2019, the Company's Board of Directors has unanimously
adopted a resolution to amend and restate the Company's Certificate
of Incorporation as amended to date to create a new class of common
stock, the Class C Common Stock, and to make certain other changes
to the capital structure of the Company, and approving the
Amendment and recommending it to the shareholders of the Company
for their approval.  In lieu of holding a meeting, the Board of
Directors determined to permit the Company's shareholders to vote
by written consent.

The Company filed a preliminary proxy statement in connection with
the Amendment on June 14, 2019, amendments to the preliminary proxy
statement on June 21 and 24, 2019, and a Definitive Proxy Statement
on June 28, 2019.  The Company began sending the Definitive Proxy
Statement to all of its shareholders on or about June 28, 2019.
The period for providing written consents ran from the date of the
filing of the Definitive Proxy Statement through July 8, 2019.

The record date for voting on the Amendment was June 18, 2019.  As
of the record date, the Company had 42,057,061 shares of Class A
Common Stock, par value $0.0001, issued and outstanding and
5,000,000 shares of Class B Common Stock, par value par value
$0.0001, issued and outstanding.  The Class B Common Stock votes
with the Company's Class A Common Stock.  Pursuant to the terms of
the Company's Certificate of Incorporation as amended to date, the
holders of the outstanding Series B Preferred Stock were entitled
to a total of 50,000,000 votes on the Amendment, for a total voting
power of 92,057,061 total votes entitled to be cast on the
proposal.

Approximately 63% of the total outstanding votes entitled to be
cast on the Amendment were voted, both FOR, AGAINST, and ABSTAIN,
and of the shares of Class A and Class B common stock voted,
approximately 99.31% of the votes were cast in favor of the
Amendment.

The Company's Board of Directors plans to take required steps to
file the Certificate of Amendment with the Secretary of State of
Delaware, and to take other actions necessary for the creation of
the Class C Common Stock, and to take other such actions as
described in the Company's Definitive Proxy Statement.

As noted in the Proxy, one of the primary reasons for the creation
of the Class C Common Stock was for the Company to be able to issue
it as a dividend to its shareholders of record as of July 12, 2019
and also to help attract and retain key employees.  As of the
dividend record date, July 12, 2019 there were 70,975,931 Class A
Common Shares outstanding, which would result in the issuance of
approximately 7,097,593 shares of Class C Common Stock as the
dividend, once the Company completes the creation of the Class C
Common Stock.  The steps required to create the Class C Common
Stock include the following: filing the Certificate of Amendment
with the State of Delaware; completing the regulatory approval
process with FINRA; and lodging the shares of Class C Common Stock
with the Company's transfer agent, VStock Transfer.  It is
estimated that this process will take 45 days to complete, but
there can be no guarantee of how long it may take to complete.  The
Class C Common Shares will be held in restricted book form with its
transfer agent.  It may be possible to lodge this restricted stock
with the shareholders' brokerage, but it will depend on the
brokerage firm to accept restricted stock certificates.  Each
shareholder will need inquire with their brokerage firm regarding
this matter.

As for the Class C Common dividend shares issued to shareholders
who hold their Class A Common Stock in brokerage accounts, it is
management's understanding that The Depository Trust Company will
provide the Company with instructions on how to transfer such
dividend shares entitlement directly into the participant
(brokerage/clearing firms) name.  Typically, some brokerage firms
in turn will transfer into their clients' names (i.e. the names of
the actual beneficial holders).  The Company has no control over
the actions of the brokerage firms.

                    About Alpine 4 Technologies

Alpine 4 Technologies Ltd. is a holding company that owns five
operating subsidiaries: ALTIA, LLC; Quality Circuit Assembly, Inc.;
American Precision Fabricators, Inc.; Morris Sheet Metal, Corp; and
JTD Spiral, Inc.  Alpine 4 is a technology company that primarily
provides electronic contract manufacturing solutions in the Unites
states.

The report from the Company's independent accounting firm
MaloneBailey, LLP, on the consolidated financial statements for the
year ended Dec. 31, 2018, includes an explanatory paragraph stating
that the Company has suffered recurring losses from operations and
has a net capital deficiency that raises substantial doubt about
its ability to continue as a going concern.

The Company reported a net loss of $7.90 million in 2018 following
a net loss of $2.99 million in 2017.  As of March 31, 2019, Alpine
4 had $26.81 million in total assets, $37.27 million in total
liabilities, and a total stockholders' deficit of $10.45 million.


ALTA MESA: Inks Separation Agreement with Chief Accounting Officer
------------------------------------------------------------------
Alta Mesa Resources, Inc. and Ronald J. Smith, vice president and
chief accounting officer, came to a mutual understanding with
respect to Mr. Smith's separation from the Company and all
positions with each of the Company's affiliates, including Alta
Mesa Holdings GP, LLC, the general partner of Alta Mesa Holdings,
LP, which will occur effective July 19, 2019.  In connection with
this understanding, a subsidiary of the Company entered into a
separation agreement with Mr. Smith that provides he will receive
the following:

   1. a pro-rated "target" annual bonus for 2019, in the amount    

      of $96,164;

   2. a lump sum equal to 12 months base salary and 1.0 times his
      2019 target annual bonus;

   3. full accelerated vesting of all Company equity awards that
      are subject to time-based vesting and accelerated vesting
      of any Company equity awards that are subject to
      performance-based vesting at the target level of
      performance;

   4. $20,000 for outplacement services; and

   5. up to eighteen months of Company-funded COBRA coverage.
  
Mr. Smith's rights to these payments are subject to his compliance
with his non-compete, non-solicitation and other
restrictive covenants, as well as his signing and not revoking a
general release of claims.

                         About Alta Mesa

Headquartered in Houston, Texas, Alta Mesa Holdings, LP --
http://www.altamesa.net-- is an independent exploration and
production company focused on the acquisition, development,
exploration and exploitation of unconventional onshore oil and
natural gas reserves in the eastern portion of the Anadarko Basin
in Oklahoma.  The Company was formed in 1987 as a private Texas
limited partnership.

Alta Mesa reported a net loss of $77.66 million for the year ended
Dec. 31, 2017, compared to a net loss of $167.9 million for the
year ended Dec. 31, 2016.  For the period from Feb. 9, 2018,
through Dec. 31, 2018, the Company reported a net loss of $2.07
billion.  As of March 31, 2019, the Company had $949.39 million in
total assets, $955.66 million in total liabilities, and a total
partners' deficit of $6.27 million.

                           *    *    *

As reported by the TCR on June 26, 2019, Moody's Investors Service
downgraded Alta Mesa Holdings, LP's Corporate Family Rating to Ca
from Caa1.  "These rating actions reflect the high likelihood of a
potential debt restructuring in the near term," said Sajjad Alam,
Moody's senior analyst.  "The company has very limited liquidity
cushion and is facing a potential financial covenant breach as
early as June 30, 2019."


ARR INVESTMENTS: Seeks to Hire Morris Southeast Group as Broker
---------------------------------------------------------------
ARR Investments, Inc. and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the Middle District of Florida to
hire a real estate broker.

In an application filed in court, the Debtors propose to employ
Morris Southeast Group, Inc. to assist in the sale of their
property located at 3351 N. University Drive, Davie, Fla.

The commission is 6 percent of the purchase price or $72,000, which
will be divided equally between the firm and Marcus & Millichap,
the buyer's cooperating broker.

Kenneth Morris, a realtor employed with Morris, disclosed in court
filings that his firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

The broker can be reached at:

     Kenneth Morris
     Morris Southeast Group
     13798 NW 4th Street, Suite 310
     Sunrise, FL 33325
     Office: (954) 474-1776 (ext. 303)
     Cell: (954) 240-4400
     Fax: (954) 476-3456

                 About ARR Investments

ARR Investments, Inc., and its subsidiaries --
http://www.arr-learningcenters.com/-- offer learning centers for
infants, toddlers, preschoolers and Voluntary Pre-Kindergarten in
Orlando, Florida.  The Learning Centers provide computer labs;
dance, yoga, music classes; aerobics; foreign language instruction;
before/after school transportation; certified lifeguard and safety
instructor for swim lessons and play; and mini-camp breaks and
summer camp.
  
ARR Investments and three of its subsidiaries filed voluntary
petitions seeking relief under Chapter 11 of the Bankruptcy Code
(Bankr. M.D. Fla. Lead Case No. 19-01494) on March 8, 2019.  The
petitions were signed by Alejandrino Rodriguez, president.  At the
time of filing, the Debtors estimated under $10 million in both
assets and liabilities.  Jimmy D. Parrish, Esq., at Baker &
Hostetler LLP, serves as the Debtors' counsel.


ATI DALLAS: Seeks to Hire Andrews Myers as Legal Counsel
--------------------------------------------------------
ATI Dallas LLC and ATI Mezz Dallas, LLC seek authority from the U.S
Bankruptcy Court for the Southern District of Texas to hire Andrews
Myers, P.C. as their legal counsel.

The firm will provide these services in connection with the
Debtors' Chapter 11 cases:

     a. assist the Debtors in analyzing their assets and
liabilities, investigating the extent and validity of liens and
claims, and participating in and reviewing any proposed asset sale
or disposition;

     b. attend meetings and negotiate with the representatives of
secured creditors;

     c. assist the Debtors in the preparation, analysis and
negotiation of any plan of reorganization;

     d. take all necessary actions to protect and preserve the
interests of the Debtors; and

     e. appear before the bankruptcy court, appellate courts and
other courts in which matters may be heard.

The hourly rates for Andrews Myers are:

     Patrick Hayes, Co-Managing Shareholder     $450
     T. Josh Judd, Shareholder                  $360
     Lisa Norman, Shareholder                   $360
     Katie Gourley, Associate                   $245
     Andrew Scott, Associate                    $245
     Paralegals                         $185 to $165

Andrews Myers received a $25,000 retainer for ATI Mezz Dallas and a
$75,000 retainer for ATI Dallas.

T. Josh Judd, Esq., a shareholder of Andrews Myers, disclosed in
court filings that the firm does not represent any interest adverse
to the Debtors and their estates, creditors, equity holders and
affiliates, and is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     T. Josh Judd, Esq.
     Andrews Myers, P.C.
     1885 Saint James Place, 15th Floor
     Houston, TX 77056
     Tel: 713-850-4200
     Fax: 832-786-4877
     Email: jjudd@andrewsmyers.com

                  About ATI Dallas LLC

ATI Dallas LLC classifies its business as a single asset real
estate (as defined in 11 U.S.C. Section 101(51B)).  Its principal
assets are located at 16415 Addison Road, Addison, Texas.

ATI Dallas and ATI Mezz Dallas, LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No: 19-33705)
on July 1, 2019. The petitions were signed by Charles Aque,
president. At the time of filing, Atti Dallas disclosed assets of
between $10 million and $50 million and liabilities of the same
range.

T. Josh Judd, Esq., at Andrews Myers, P.C., represents the Debtors
as counsel.


AUGER DRILLING: Seeks to Hire Hinckley Cook as Accountant
---------------------------------------------------------
Auger Drilling, Inc. seeks authority from the U.S. Bankruptcy Court
for the Northern District of Texas to hire an accountant,
bookkeeper and tax services provider.

In an application filed in court, the Debtor proposes to employ
Hinckley Cook PC to:

     a. analyze the Debtor's financial position, assets, and
liabilities;

     b. provide bookkeeping services and prepare reports;

     c. assist in the preparation of monthly operating reports;
and

     d. provide quarterly financial reports for secured lenders.

The hourly rates charged by the firm are:

     Partner            $250
     Staff Accountants  $115 - $150

The Debtor will pay the firm up to $4,500 per quarter for compiling
monthly reports for the secured lenders, producing quarterly
financial statements, and preparing its monthly operating reports.
Meanwhile, the fee for preparing the Debtor's federal 2019 tax
return and state tax return will not exceed $3,000.

Kris Hinckley, the firm's accountant who will be providing the
services, disclosed in court filings that he is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

Hinckley Cook can be reached at:

     Kris Hinckley, CPA
     Hinckley Cook PC
     2005 East Lamar Blvd. #100
     Arlington, TX 76006
     Phone: (817) 265-1040

                    About Auger Drilling

Founded in 1995, Auger Drilling -- http://www.augerdrilling.com/--
is a privately held company in Irving, Texas, that operates in the
foundation drilling industry.  Its capabilities include straight
shaft, permanent or temporary cased, belled and battered drilled
piers.  It serves the states of Texas, Oklahoma, and Arkansas.

Auger Drilling filed a Chapter 11 petition (Bankr. N.D. Tex. Case
No. 19-31410) on April 25, 2019. In the petition signed by Coyle,
W. Whitten, president, the Debtor estimated $1 million to $10
million in both assets and liabilities. The Hon. Harlin DeWayne
Hale oversees the case. Robert T. DeMarco, Esq., at DeMarco
Mitchell, PLLC, serves as bankruptcy counsel.


B. & J. PROPERTY: Unsecureds to Get Full Payment With Interest
--------------------------------------------------------------
B. & J. Property Investments, Inc., and William Berman, president,
filed a Joint Plan of Reorganization and accompanying Disclosure
Statement.

Class 4 (General Unsecured Claims Against B. & J.). Each General
Unsecured Claim against B. &. J. will be paid in full, together
with interest at the federal judgment rate in effect on the
Effective Date, from and after the Effective Date, as follows: (i)
commencing on the first day of the first full month following the
Effective Date.

Class 5 (General Unsecured Claims Against Berman). Each General
Unsecured Claim against Berman will be paid first from B. & J.
under Class 4, and any balance remaining shall be paid its pro rata
share of funds held in the "Berman Unsecured Claims Fund," which
shall be created and funded by Berman from his earnings after the
Effective Date.

Class 6 (Class Action Claims Against B. & J.). Each holder of an
Allowed Claim as a result of a Final Order entered in the Class
Action Litigation and appeals will be paid the full amount
ultimately awarded by the Court, if any, if B & J. has sufficient
assets to make such payments and, if not, from the pro rata Net
Proceeds from the closing down/liquidation and sale of B. & J.’s
business and assets.

Class 7 (Class Action Claims Against Berman). Each holder of an
Allowed Claim as a result of a Final Order entered in the Class
Action Litigation and appeals will first be paid the full amount
ultimately awarded by the Court, if any, if B & J. has sufficient
assets to make such payments and, if not, from the pro rata
proceeds from the closing down/liquidation and sale of B. & J.’s
business and assets. Any Class 7 Claims that remain after payment
is made by B. & J. shall be paid a pro rata share of the Berman
Unsecured Claims Fund described above.

Class 8 (Interests in B. & J.). The Plan provides that holders of
Class 8 Interests will retain their interest in Reorganized B. &
J., except in the event there are insufficient funds to pay
Creditors, in which case the interest will be of no value.

Class 9 (Berman's Interest in Estate). The Plan provides that
Berman shall retain his interest in the property of his bankruptcy
estate.

The projections of B. & J.'s post-confirmation business show
sufficient earnings and cash flow from operations to support and
meet the ongoing financial needs of Reorganized B. & J. The
projections indicate that the Plan as proposed by Debtors is
feasible and that Reorganized Debtors will be financially viable
after confirmation of the Plan or B. & J. shall liquidate.

A full-text copy of the Joint Disclosure Statement dated July 15,
2019, is available at https://tinyurl.com/y5n6subz from
PacerMonitor.com at no charge.

The Plan was filed by Timothy J. Conway, Esq., and Ava L. Schoen,
Esq., at Tonkon Torp LLP, in Portland, Oregon, on behalf of the
Debtor; and Nicholas J. Henderson, Esq., at Motschenbacher &
Blattner, LLP, in Portland, Oregon, on behalf of Mr. Berman.

              About B. & J. Property Investments

B. & J. Property Investments, Inc., is a privately held company
engaged in commercial and industrial machinery and equipment rental
and leasing.

B. & J. Property Investments filed a Chapter 11 petition (Bankr. D.
Ore. Case No. 19-60138) on Jan. 17, 2019.  In the petition signed
by William Berman, president, the Debtor reported a range of $1
million to $10 million in assets and the same range of liabilities.
The case is assigned to Judge Peter C. McKittrick.  The Debtor is
represented by Tonkon Torp LLP.


BLACK RIDGE: Signs $5 Million Stock Purchase Agreements
-------------------------------------------------------
Black Ridge Acquisition Corp. ("BRAC") and Black Ridge Oil & Gas,
Inc., BRAC's sponsor ("BROG"), entered into share purchase
agreements with Lyle Berman, a director of BRAC and BROG, and
Morris Goldfarb, a stockholder of BROG.

Pursuant to the Purchase Agreements, the Purchasers have agreed to
purchase an aggregate of $5,000,000 of shares of BRAC common stock
($3,000,000 by Mr. Berman and $2,000,000 by Mr. Goldfarb) in open
market or privately negotiated transactions commencing two days
after July 19, 2019 and ending on the close of business on July 26,
2019 at a price not to exceed the per share amount held in BRAC's
trust account (which is approximately $10.30 per share).  The
Purchasers have agreed not to convert any shares purchased in the
open market or in privately negotiated transactions at the BRAC
meeting of stockholders called to approve BRAC's previously
announced proposed business combination with Allied Esports and the
World Poker Tour.  If the Purchasers are unable to purchase the
full $5,000,000 of shares in the open market or in privately
negotiated transactions, BRAC will sell to them newly issued shares
upon closing of the Business Combination at the Maximum Price equal
to the difference between $5,000,000 and the dollar amount of
shares purchased by them in the open market or in privately
negotiated transactions.

Pursuant to the Purchase Agreements, at the closing of Business
Combination, BRAC will issue to the Purchasers 1.5 shares of BRAC
common stock for every 10 shares purchased by them under the
Purchase Agreements.  Additionally, BROG will transfer to them an
aggregate of 200,000 shares of BRAC common stock owned by BROG.
Pursuant to the Purchase Agreements, BRAC is required to file a
registration statement with the SEC as promptly as practicable
following closing of the Business Combination to register the
resale of any securities purchased by the Purchasers that are not
already registered and cause such registration statement to become
effective as soon as possible.

                         About Black Ridge

Black Ridge Oil & Gas -- http://www.blackridgeoil.com/-- is a
company focused on acquiring, investing in, and managing the oil
and gas assets for its partners.  The Company continues to pursue
asset acquisitions in all major onshore unconventional shale
formations that may be acquired with capital from its existing
joint venture partners or other capital providers.  Additionally,
as the sponsor and manager of Black Ridge Acquisition Corp., the
Company is focused on assisting BRAC in its efforts to identify a
prospective target business for a merger, share exchange, asset
acquisition or other similar business combination.  Black Ridge is
based in Minneapolis, Minnesota.

Black Ridge reported a net loss attributable to the Company of
$344,014 for the year ended Dec. 31, 2018, compared to a net loss
attributable to the Company of $392,529 for the year ended Dec. 31,
2017.  As of March 31, 2019, Black Ridge had $142.95 million in
total assets, $790,064 in total liabilities, $141.34 million in
redeemable non-controlling interest, and $825,269 in total
stockholders' equity.

M&K CPAS, PLLC, in Houston, Texas, the Company's auditor since
2010, issued a "going concern" qualification in its report on the
consolidated financial statements for the year ended Dec. 31, 2018,
citing that the Company suffered a net loss from operations and
negative cash flows from operations, which raise substantial doubt
about its ability to continue as a going concern.


BLACKHAWK MINING: Case Summary & 30 Largest Unsecured Creditors
---------------------------------------------------------------
Lead Debtor: Blackhawk Mining LLC (Lead Case)
             3228 Summit Square Place, Suite 180
             Lexington, Kentucky 40509

Business Description: Founded in 2010, Blackhawk Mining LLC --
                      http://www.blackhawkmining.com-- is a
                      diversified coal mining company
                      headquartered in Lexington, Kentucky.
                      The Debtors are a privately-owned coal
                      producer operating predominantly in the
                      Central Appalachian Basin of the United
                      States.  The Debtors sell their coal
                      production domestically and internationally
                      to a diverse set of end markets, such as
                      steel producers, regulated utilities, and
                      commodity trading houses.

Chapter 11 Petition Date: July 19, 2019

Twenty-two affiliates that concurrently filed voluntary petitions
seeking relief under Chapter 11 of the Bankruptcy Code:

      Debtor                                           Case No.
      ------                                           --------
      Blackhawk Mining LLC (Lead Case)                 19-11595
      Blackhawk Coal Sales, LLC                        19-11594
      Logan & Kanawha, LLC                             19-11596
      Blackhawk Land and Resources, LLC                19-11597
      Panther Creek Mining, LLC                        19-11598
      Blackhawk River Logistics, LLC                   19-11599
      Blue Creek Mining, LLC                           19-11600
      Pine Branch Land, LLC                            19-11601
      Blue Diamond Mining, LLC                         19-11602
      Pine Branch Mining, LLC                          19-11603
      Eagle Shield, LLC                                19-11604
      Pine Branch Resources, LLC                       19-11605
      FCDC Coal, Inc.                                  19-11606
      Redhawk Mining, LLC                              19-11607
      Guyandotte Mining, LLC                           19-11608
      Rockwell Mining, LLC                             19-11609
      Hampden Coal, LLC                                19-11610
      Spruce Pine Land Company                         19-11611
      Kanawha Eagle Mining, LLC                        19-11612
      Spurlock Mining, LLC                             19-11613
      Triad Mining, LLC                                19-11614
      Triad Trucking, LLC                              19-11615

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

Judge: Laurie Selber Silverstein

Debtors'
General
Bankruptcy
Counsel:                   James H.M. Sprayregen, P.C.
                           Ross M. Kwasteniet, P.C.
                           Joseph M. Graham, Esq.
                           KIRKLAND & ELLIS LLP
                           KIRKLAND & ELLIS INTERNATIONAL LLP
                           300 North LaSalle
                           Chicago, Illinois 60654
                           Tel: (312) 862-2000
                           Fax: (312) 862-2200
                           Email: james.sprayregen@kirkland.com
                                  ross.kwasteniet@kirkland.com
                                  joe.graham@kirkland.com

                              - and -

                           Stephen E. Hessler, P.C.
                           KIRKLAND & ELLIS LLP
                           KIRKLAND & ELLIS INTERNATIONAL LLP
                           601 Lexington Avenue
                           New York, New York 10022
                           Tel: (212) 446-4800
                           Fax: (212) 446-4900
                           Email: stephen.hessler@kirkland.com

Debtors'
Local
Bankruptcy
Counsel:                   Christopher M. Samis, Esq.
                           L. Katherine Good, Esq.
                           POTTER ANDERSON CORROON LLP
                           1313 North Market Street, 6th Floor
                           P.O. Box 951
                           Wilmington, Delaware 19801-6108
                           Tel: (302) 984-6000
                           Fax: (302) 658-1192
                           Email: csamis@potteranderson.com
                                  kgood@potteranderson.com

Debtors'
Restructuring
Advisors:                  Chris Blacker
                           Jose Velasco
                           ALIXPARTNERS
                           300 N. LaSalle Street, Suite 1900
                           Chicago, IL 60654
                           https://www.alixpartners.com
                           Tel: 312.346.2500
                           Fax: 312.346.2585

Debtors'
Interim
Management
Services
Provider:                  AP SERVICES, LLC

Debtors'
Financial
Advisor and
Investment
Banker:                    CENTERVIEW PARTNERS LLC

Debtors'
Tax Consultant:            KPMG LLP

Debtors'
Notice and
Claims Agent:              PRIME CLERK LLC
                      https://cases.primeclerk.com/blackhawkmining

Estimated Assets
(on a consolidated basis): $1 billion to $10 billion

Estimated Liabilities
(on a consolidated basis): $1 billion to $10 billion

The petitions were signed by Jesse M. Parrish, chief financial
officer.

A full-text copy of Blackhawk Mining's petition is available for
free at:

                http://bankrupt.com/misc/deb19-11595.pdf

List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. PCC Liquidating Trust                Notes          $16,158,077
Attn: President or General Counsel
901 East Byrd Street, Suite 1000
Richmond, VA 23219
Tel: (804) 343-5227
Fax: (804) 783-6192
Email: michael.condyles@kutakrock.com

2. Joy Global Underground            EQP Repair        $13,465,468
Mining, LLC
Attn: President or General Counsel
Mining Machinery Division
177 Thornhill Road Warrendale
Warrendale, PA 15086
Tel: (724) 779-4500
Fax: (724) 779-4509
Email: devlin.ciarrochi@joyglobal.com

3. Jennmar Corporation                  Roof           $11,146,423
Attn: President or General Counsel
Corporate Headquarter
258 Kappa Drive
Pittsburgh, PA 15238
Tel: 412-963-9071
Fax: 412-963-8099
Email: lradion@jennmar.com;
       ahruska@jennmar.com;
       accountsreceivable@jennmar.com

4. Rogers Petroleum Services, Inc.    Fuel Oil         $10,174,984
Attn: President or General Counsel
348 Tollage Creek Rd
P.O. Box 162
Pikeville, KY 41501
Tel: 606-432-1421
Fax: 606-432-3657
Email: tammy@rogerspetroleum.com

5. United Central Industrial          Supplies          $8,150,961
Supply Co, LLC
Attn: President or General Counsel
1241 Volunteer Parkway, Suite 100
Bristol, TN 37620
Tel: 423-573-7300
Fax: 423-573-7297
Email: ar@unitedcentral.net

6. Walker Machinery Co.              EQP Repair         $4,871,438
Attn: President or General Counsel
29773 Network Place
Chicago, IL 60673-1297
Tel: (800) 642-8203
Email: credit@walker-cat.com;
karen_ferris@whayne.com

7. Anthem BCBS KY Group              EE Benefit         $4,368,545
Attn: President or General
Anthem Headquarter
120 Monument Circle
Indianapolis, IN 46204
Tel: 317-532-6000
Fax: 317-488-6260
Email: jill.becher@anthem.com

8. Kanawha County Sheriff               Tax             $4,055,050
Attn: President or General Counsel
Tax Division
409 Virginia ST E RM 120
Charleston, WV 25301-2595
Tel: (304) 357-0200
Fax: 304-357-0291

9. Whayne Supply Company             EQP Repair         $3,314,531
Attn: President or General Counsel
Department 8326
1001 Linn Station Road
Carol Stream, IL 60122-8326
Tel: (606) 437-6265
Fax: (606) 433-1641
Email: cash_applications@whayne.com;
karen_ferris@whayne.com

10. C & M Giant Tire, Inc.           EQP Repair         $2,328,089
Attn: President or General Counsel
980 W. New Circle Road
Lexington, KY 40511
Tel: (859) 281-1320
Fax: (859) 281-1337
Email: cindy@cmgianttire.com

11. Austin Sales, LLC                EXP Blast          $1,888,844
Attn: President or General Counsel
1327 Lovers Gap Road
P.O. Box 133
Vansant, VA 24656
Tel: (276) 597-4449
Fax: (276) 597-1707
Email: sara.cooper@vadrillco.com;
kevin.staton@vadrillco.com

12. Appalachian Security, Inc.       Services           $1,855,441
Attn: President or General Counsel
180 Town MTN Rd, Ste 110
Pikeville, KY 41501
Tel: (606) 437-9933
Email: appsecurity@bellsouth.net

13. D-A Lubricants Company, Inc.     Fuel Oil           $1,817,863
Attn: President or General Counsel
801 Edwards Drive
Lebanon, IN 46052
Tel: 317-923-5321
Fax: 765-482-3065
Email: dcaruthers@dalube.com;
CreditDept@dalube.com; bblair@dalube.com

14. JM Conveyors LLC                 Supplies           $1,804,522
Attn: President or General Counsel
258 Kappa Drive
Pittsburg, PA 15238
Tel: (412) 963-9071
Fax: (412) 963-8099
Email: LRADION@JENNMAR.COM;
ghernon@jennmar.com;
accountsreceivable@jennmar.com;
lradion@jennmar.com; ahruska@jennmar.com;
accountsreceivable@jennmar.com

15. Mayo Manufacturing Co., Inc.     EQP Repair         $1,632,232
Attn: President or General Counsel
54 Owens Road, Suite B
Chapmanville, WV 25508
Tel: (304) 855-5947
Fax: (304) 855-2329
Email: todd.thompson@mayowv.com

16. Appalachian Tire Products        EQP Repair         $1,562,614
Attn: President or General Counsel
2907 Fourth Avenue
Charleston, WV 25387
Tel: (304) 744-9473
Fax: (304) 744-9498
Email: paymentremittance@apptire.com

17. CSX Transportation, Inc.           Royalty          $1,489,166
Attn: President or General Counsel
CSXT N/A 15381
500 Water Street
Jacksonville, FL 32202
Tel: (904) 279-4970
Fax: (904) 381-4194
Email: CSXT_CASHAPP@CSX.COM;
william_trice@csx.com

18. White Armature, Works Inc.       EQP Repair         $1,451,221
Attn: President or General Counsel
1150 Huff Creek Hwy
Mallory, WV 25634
Tel: (304) 583-9681
Fax: (304) 583-3972
Email: lbowen@whitearm.com

19. State Electric Supply Company     Supplies          $1,385,668
Attn: President or General Counsel
2010 2nd Avenue
Huntington, WV 25703
Tel: (304) 528-0303
Fax: (304) 522-9624
Email: jeff.howard@stateelectric.com

20. Kanawha River Terminals, LLC     OTH EXPINC         $1,194,927
Attn: President or General Counsel
PO Box 308
Ceredo, WV 25507
Tel: (304) 526-0700
Fax: (304) 526-0707
Email: dldaniels@suncoke.com

21. Powell Construction Company, Inc.   CAPX            $1,184,418
Attn: President or General Counsel
125 Dye Drive Ste. 3
Beckley, WV 25801
Tel: (304) 252-9947
Fax: (304) 252-1131
Email: cseiter@powellcc.com

22. SNF Mining, Inc./                 Supplies          $1,149,579
Flomin Coal Inc.
Attn: President or General Counsel
1 Chemical Plant Road
Riceboro, GA 31323
Tel: (606) 835-9143
Email: remittance@snfhc.com

23. R.M. Wilson Co. Inc.             EQP Repair         $1,110,430
Attn: President or General Counsel
3434 Market St.
Wheeling, WV 26003
Tel: (304) 232-5860
Fax: (304) 232-3642
Email: ppopicg@rmwilson.com


24. JABO Supply Corporation           Supplies          $1,067,122
Attn: President or General Counsel
PO Box 238
Huntington, WV 25707
Tel: (304) 414-5653
Fax: (304) 736-8551
Email: cheri@jabosupply.com

25. Shonk Land Company, LLC           Royalty           $1,004,505
Attn: President or General Counsel
194 Summers Street
Charleston, WV 25301-2132
Tel: (304) 414-5653
Fax: (304) 344-2467
Email: kbrowning@shonk.com

26. Delta Electric, Inc.              Supplies            $931,938
Attn: President or General Counsel
810 Yonkers Avenue
Yonkers, NY 10704
Tel: (304) 752-4625 ext. 0320
Fax: (914) 376-6020
Email: vicki@deltaelectricwv.com

27. Everett Hannah Lumber Co., Inc.   Supplies            $923,054
Attn: President or General Counsel
540 River Island Rd
Julian, WV 25529
Tel: (304) 426-5156
Fax: (606) 237-1202
Email: everetthannah@hotmail.com

28. Mining Repair Specialist, Inc.   EQP Repair           $909,238
Attn: President or General Counsel
920 Copperas Fork Road
Holden, WV 25625
Tel: (304) 239-3710
Fax: (304) 239-3181
Email: dianabarnette@yahoo.com

29. Raleigh Mine & Industrial         Supplies            $900,771
Supply Inc.
Attn: President or General Counsel
1500 Mill Creek Road
Mt. Hope, WV 25801
Tel: (304) 877-5503
Fax: (304) 877-5684

30. Xpress Cable & Repair            EQP Repair           $865,467
Attn: President or General Counsel
12744 Kingston Pie #202
Knoxville, TN 37934
Tel: (276) 395-7560
Fax: (276) 395-5357
Email: MNIXON@XPRESSCABLE.COM


BODY CONTOUR: Ch. 11 Plan of Liquidation Co-Proposed by Committee
-----------------------------------------------------------------
Body Contour Ventures, LLC, and the Official Committee of Unsecured
Creditors jointly propose a Chapter 11 Plan of Liquidation and
accompanying disclosure statement for the resolution of outstanding
Creditor Claims and equity Interests.

CLASS III - Allowed Claims of Unsecured Creditors are impaired.
Each Holder of an Allowed Unsecured Claim will receive a Pro Rata
share of the Creditor Trust after payment of prior Claims,
according to the terms of the Creditor Trust and the Bankruptcy
Code.

CLASS I Secured Claims are impaired. Each Holder of an Allowed
Claim in this Class shall receive, in full satisfaction of such
Claim, in the Creditor Trust's full discretion, either: (i) the
value of the Holder’s Allowed Secured Claim, or, (ii) return of
the Collateral securing the Holder’s Secured Claim.

CLASS II OTHER PRIORITY CLAIMS. All Other Priority Claims included
in Class II shall be paid, if such class has accepted the Plan,
deferred cash payments of a value, as of the Effective Date, equal
to the allowed amount of such claim; or, if such class has not
accepted the Plan, cash on the Effective Date of the Plan equal to
the Allowed amount of such claim, or in such amount and over a
period of time as agreed to by the Holders of the Other Priority
Claims.

CLASS IV Holders of Allowed Interests are impaired. The Interests
in the Debtors shall be cancelled as of the Effective Date.

If the plan proposes that the debtor will continue in business,
projections for the period of the plan, together with assumptions
underlying those projections; and including, by class, payments
required to be made under the plan during the projected periods.

A full-text copy of the Disclosure Statement dated July 15, 2019,
is available at https://tinyurl.com/y2hsbn53 from PacerMonitor.com
at no charge.

Attorneys for the Debtor are Scott A. Wolfson, Esq., Anthony J.
Kochis, Esq., and Thomas J. Kelly, Esq., at Wolfson Bolton PLLC, in
Troy, Michigan.

Attorneys for the Committee are Brendan G. Best, Esq., and William
L. Thompson, Esq., at Varnum LLP, in Detroit, Michigan.

                   About Body Contour Ventures

Body Contour Ventures, LLC, which conducts business under the name
LightRx -- https://www.lightrx.com -- is a personal care services
provider specializing in medical weight loss, body contouring,
laser lipo, cellulite reduction, skin tightening, skin resurfacing,
laser hair removal, among others.  It has locations in Arizona,
Colorado, Illinois, Indiana, Kentucky, Maryland, Michigan,
Minnesota, Missouri, Nevada, North Carolina, Pennsylvania, South
Carolina, Tennessee, Virginia, and Wisconsin.

Body Contour Ventures sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Lead Case No. 19-42510) on Feb.
22, 2019.  At the time of the filing, the Debtors estimated assets
of $1 million to $10 million and liabilities of $10 million to $50
million.  

The cases are assigned to Judge Phillip J. Shefferly.  The Debtors
tapped Wolfson Bolton PLLC as their legal counsel.


BRETHREN HOME: Seeks Authority to Use Rents From Pleasant Hill
--------------------------------------------------------------
Brethren Home of Girard, Illinois doing business as Pleasant Hill
Village seeks authorization from the U.S. Bankruptcy Court for the
Central District of Illinois to use cash collateral in the ordinary
course of its business.

The Debtor intends to use cash collateral in the form of rents
received from the operation of its independent and assisted living
facility -- known as the Pleasant Hill Residence -- in order to pay
the facility's ongoing operating costs and to pay the debt service
due to Hickory Point Bank & Trust, fsb.

The facility has been pledged as collateral through Mortgage and
Security Agreement to the City of Girard, Illinois, which issued
$4,950,000 of Economic Development Revenue Bonds in October, 2003.
Hickory Point Bank & Trust, fsb purchased such bonds in their
entirety, secured by the Mortgage and Security Agreement, and
further holds a cash reserve fund in the amount of approximately
$330,000 as security for the payment of bond principal and
interest. The balance due Hickory Point Bank on the bonds is
$2,469,553.

The First National Bank of Raymond also claims a security interest
in all of Debtor's accounts and other rights to payment as security
for promissory notes dating back to May 2002. The aggregate balance
due First National Bank is $927,335.

The Debtor proposes to provide adequate protection to Hickory Point
Bank by continuing to pay the debt service on the bonded
indebtedness held by Hickory Point Bank and to continue its
security interest in Debtor's real estate and the $330,000 cash
reserve fund. The Debtor will also provide adequate protection to
First National Bank by paying it all of the accounts receivable
collected and related to its now closed nursing home facility which
are estimated to have a collectable value of $1,002,000 use
figures.

A copy of the Cash Collateral Motion is available for free at

                       
http://bankrupt.com/misc/ilcb19-70990-4.pdf

                           About Brethren Home of Girard, Illinois

Brethren Home of Girard, Illinois --
http://pleasanthillvillage.org/-- owns an independent and assisted
living facility known as Pleasant Hill Residence, which houses 48
apartments.  Brethren Home is a non-profit organization founded in
1905 as a ministry of the Church of the Brethren.

Brethren Home sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Ill. Case No. 19-70990) on July 10, 2019.  In the
petition signed by its president, Allen Krall, the Debtor disclosed
assets in the amount of $6,513,700 and debts in the amount of
$4,144,550. The Debtor is represented by R. Stephen Scott, Esq. at
Scott & Scott, P.C. Judge Mary P. Gorman presides over the case.


BROADSTREET PARTNERS: Moody's Retains B2 CFR Amid Incremental Loan
------------------------------------------------------------------
Moody's Investors Service is maintaining the B2 corporate family
rating and B2-PD probability of default rating of BroadStreet
Partners, Inc. following the company's announcement that it plans
to borrow an incremental $135 million under its senior secured term
loan (rated B2), which will be fungible with the existing term
loan. The company will use proceeds from the incremental borrowing
to fund acquisitions, pay down its existing revolver, and pay
related fees and expenses. The rating agency has assigned a B2
rating to BroadStreet's new $185 million revolving credit facility
which the company is upsizing and extending by two years to
November 2023. The rating outlook for BroadStreet is stable.

RATINGS RATIONALE

According to Moody's, BroadStreet's ratings reflects the company's
steady growth in middle market insurance brokerage, diversification
across clients and carriers, and good EBITDA margins. BroadStreet's
unique co-ownership model of acquiring majority interests in large
agencies and allowing these partners to operate fairly autonomously
differentiates it from other privately held rated brokers.

These strengths are tempered by the company's elevated financial
leverage, execution and contingent risks associated with majority
investments in core agencies, and exposure to errors and omissions,
a risk inherent in professional services.

For the 12 months through March 2019, Moody's estimates that
BroadStreet had a pro forma debt-to-EBITDA ratio in the range of
6x-6.5x, and (EBITDA - capex) interest coverage above 2.5x. These
metrics reflect Moody's accounting adjustments for operating
leases, noncontrolling interest expenses, contingent earnout
liabilities, and run-rate earnings from completed acquisitions.
Such financial leverage is appropriate for BroadStreet's rating
category, and the rating agency expects the company to keep it
below 6.5x through earnings growth from existing and acquired
operations. BroadStreet maintains liquidity to meet near-term
obligations, with $83 million in unrestricted cash on hand and $76
million available under its revolver as of March 31, 2019.

Factors that could lead to an upgrade of BroadStreet's ratings
include: (i) debt-to-EBITDA ratio below 5.5x, (ii) (EBITDA - capex)
coverage of interest consistently exceeding 2.5x, (iii)
free-cash-flow-to-debt ratio consistently exceeding 6%, and (iv)
successful integration of acquisitions.

Factors that could lead to a rating downgrade include: (i)
debt-to-EBITDA ratio above 6.5x, (ii) (EBITDA - capex) coverage of
interest below 1.5x, or (iii) free-cash-flow-to-debt ratio below
3%.

The following ratings (and loss given default (LGD) assessments)
remain unchanged:

Corporate family rating at B2;

Probability of default rating at B2-PD;

$100 million senior secured revolving credit facility maturing in
November 2021 at B2 (LGD3).

$872 million ($737 million outstanding plus the pending $135
million increase) senior secured term loan maturing in November
2023 at B2 (LGD3).

Moody's has assigned the following rating (with LGD assessment):

$185 million senior secured revolving credit facility maturing in
November 2023 at B2 (LGD3).

The outlook for BroadStreet is stable.

Upon closing of the new senior secured revolving credit facility,
Moody's expects to withdraw the B2 rating on BroadStreet's existing
senior secured revolving credit facility since this facility will
be terminated.

The principal methodology used in these ratings was Insurance
Brokers and Service Companies published in June 2018.

Headquartered in Columbus, Ohio, BroadStreet ranked as the
14th-largest US insurance broker based on 2018 revenue, according
to Business Insurance. The company generated total revenue of $554
million for the 12 months through March 2019.



CALMARE THERAPEUTICS: Board Elects Dr. Santanu Das as Director
--------------------------------------------------------------
The board of directors of Calmare Therapeutics Incorporation
elected Dr. Santanu Das to fill the vacancy on the Board created by
Carl O'Connell's resignation.  There was no arrangement or
understanding between Dr. Das and any other person pursuant to
which Dr. Das was elected.

On July 12, 2019, Dr. Das was elected to the executive committee of
the Board.  Dr. Das is party to a non-exclusive consulting
agreement with the Company pursuant to which he provides certain
advisory services to the Company and he receives $5,000 per month
plus expenses and a commensurate equity component in compensation.

On July 12, 2019, the Board established an executive committee of
the Board consisting of Peter Brennan, Rustin Howard, Conrad Mir,
and Santanu Das.  Pursuant to Section 141(c)(1) of the Delaware
General Corporate Law, the Board authorized the Committee, in its
discretion, to exercise any and all powers of the Board for
management of the Company except for those powers specifically
prohibited from being granted to a committee of the board of
directors under Section 141(c)(1) of the DGCL.

                    About Calmare Therapeutics

Calmare Therapeutics Incorporated, formerly known as Competitive
Technologies, Inc. -- http://www.calmaretherapeutics.com/--
researches, develops and commercializes chronic, neuropathic pain
and wound affliction devices.  The Company's flagship medical
device -- the Calmare Pain Therapy Device -- is a non-invasive and
non-addictive modality that can successfully treat chronic,
neuropathic pain.  The Company holds a U.S. Food & Drug
Administration 510k clearance designation on its flagship device,
which grants it the exclusive right to sell, market, research and
develop the medical device in the United States.  The Calmare
Devices are commercially sold to medical practices throughout the
world.  They are also found in U.S. military hospitals, clinics and
on installations.

Mayer Hoffman McCann CPAs, issued a "going concern" opinion in its
report on the consolidated financial statements for the year ended
Dec. 31, 2016, noting that the Company has incurred operating
losses since fiscal year 2006 and has a working capital and
shareholders' deficit at Dec. 31, 2016.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.

Calmare reported a net loss of $3.82 million for the year ended
Dec. 31, 2016, compared to a net loss of $3.67 million for the year
ended Dec. 31, 2015.  As of Dec. 31, 2016, Calmare had $3.88
million in total assets, $17.69 million in current total
liabilities and a total shareholders' deficit of $13.81 million.


CANCER GENETICS: Director Leaves Over Secured Creditor APA
----------------------------------------------------------
The Board of Directors of Cancer Genetics, Inc., accepted on July
18, 2019, Dr. Michael J. Welsh's resignation from his role as
director and his membership on the compensation committee and his
membership on the nominating committee of the Board.  The
resignation was not due to any disagreement on any matter relating
to the Company's operations, policies or practices, according to a
Form 8-K filed by the Company with the Securities and Exchange
Commission.

On July 8, 2019, the Board received a letter from John Pappajohn
pursuant to which he resigned as a director of the Board, effective
immediately.  According to his resignation letter, and based on
information known to the Company, Mr. Pappajohn's decision to
resign was due to his disagreement with the Company's management
regarding the Company's entering into the Secured Creditor Asset
Purchase Agreement, by and among the Company, Gentris, LLC, a
wholly owned subsidiary of the Company, Partners for Growth IV,
L.P., Interpace Diagnostics Group, Inc. and a newly-formed
subsidiary of IDXG, Interpace BioPharma, Inc. and the transactions
contemplated thereby.

                      About Cancer Genetics

Headquartered in Rutherford, New Jersey, Cancer Genetics, Inc. --
http://www.cancergenetics.com/-- develops, commercializes and
provides molecular- and biomarker-based tests and services,
including proprietary preclinical oncology and immuno-oncology
services, that enable biotech and pharmaceutical companies engaged
in oncology and immuno-oncology trials to better select candidate
populations and reduce adverse drug reactions by providing
information regarding genomic and molecular factors influencing
subject responses to therapeutics.  CGI operates across a global
footprint with locations in the US, Australia and China.  

Cancer Genetics reported a net loss of $20.37 million in 2018
following a net loss of $20.88 million in 2017.  As of March 31,
2019, the Company had $38.49 million in total assets, $30.81
million in total liabilities, and $7.67 million in total
stockholders' equity.

RSM US LLP, in New York, the Company's auditor since 2010, issued a
"going concern" opinion in its report on the Company's consolidated
statements for the year ended Dec. 31, 2018, citing that the
Company has suffered recurring losses, and has an accumulated
deficit and negative cash flows from operations.  The Company is
also in violation of certain debt covenants.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


CANCER GENETICS: Sells BioPharma Business for $23.5 Million
-----------------------------------------------------------
Cancer Genetics, Inc. said in a press release that it has
consummated the sale of its BioPharma business to Interpace
Diagnostics Group, Inc.  The Company's junior secured lender,
Partners for Growth IV, L.P. ("PFG"), conducted a consensual
private foreclosure of the assets relating to the Company's
BioPharma business under Article 9 of the Uniform Commercial Code.
The gross purchase price is $23.5 million in addition to the
assumption by IDXG of approximately $5 million of liabilities
relating to the BioPharma business, before working capital and
closing adjustments.

IDXG paid PFG $13.8 million in cash at closing.  IDXG also issued a
promissory note to CGIX in the amount of $7.7 million, subject to
certain post-closing adjustments.  The note is due upon the
approval by IDXG's shareholders, and subsequent consummation, of an
investment by Ampersand Capital Partners in IDXG, which was
simultaneously announced by Interpace in conjunction with this
transaction.  In addition, IDXG is assuming approximately $5
million of CGI liabilities related to the Biopharma business.  As
part of the Article 9 transaction, PFG has extinguished its junior
secured debt and fully retired the Company's senior secured loan to
Silicon Valley Bank.  PFG has remitted approximately $2.3 million
in cash to CGIX which CGIX intends to use to settle other
liabilities of the Company.

Separately, on July 8, 2019, the Company consummated the sale of
the assets used in its clinical laboratory business to siParadigm,
LLC, a leading specialty reference laboratory with expertise in
hematopathology and oncology diagnostics, for an initial payment of
approximately $1 million, plus an earn-out based on future testing
volume from certain clinical laboratory customers over the next 12
months.

Following these transactions, the Company continues to own and
operate its Discovery business, which it obtained through the
acquisition of vivoPharm in 2017.  vivoPharm offers proprietary
preclinical test systems supporting clinical diagnostic offerings
at early stages, valued by the pharmaceutical industry,
biotechnology companies and academic research centers.

                      About Cancer Genetics

Headquartered in Rutherford, New Jersey, Cancer Genetics, Inc. --
http://www.cancergenetics.com/-- develops, commercializes and
provides molecular- and biomarker-based tests and services,
including proprietary preclinical oncology and immuno-oncology
services, that enable biotech and pharmaceutical companies engaged
in oncology and immuno-oncology trials to better select candidate
populations and reduce adverse drug reactions by providing
information regarding genomic and molecular factors influencing
subject responses to therapeutics.  CGI operates across a global
footprint with locations in the US, Australia and China.

Cancer Genetics reported a net loss of $20.37 million in 2018
following a net loss of $20.88 million in 2017. As of March 31,
2019, the Company had $38.49 million in total assets, $30.81
million in total liabilities, and $7.67 million in total
stockholders' equity.

RSM US LLP, in New York, the Company's auditor since 2010, issued a
"going concern" opinion in its report on the Company's consolidated
statements for the year ended Dec. 31, 2018, citing that the
Company has suffered recurring losses, and has an accumulated
deficit and negative cash flows from operations.  The Company is
also in violation of certain debt covenants.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


CASTLE ARCH: Agreement Voids MOU Terms, 10th Cir. Affirms
---------------------------------------------------------
The United States Court of Appeals, Tenth Circuit, affirms the
judgment of the district court against plaintiff and appellant
Robert D. Geringer in the appeals case captioned ROBERT D.
GERINGER, Plaintiff-Appellant, v. D. RAY STRONG, in his capacity as
Liquidating Trustee of the Liquidating Trust for the Consolidated
Legacy Debtors, the Liquidating Trust for Castle Arch Opportunity
Partners I, LLC, and the Liquidating Trust for Castle Arch
Opportunity Partners II, LLC, Defendant-Appellee, No. 17-4190 (10th
Cir.).

The case concerns the sale of land located in Smyrna, Tennessee
(the Smyrna Property). The parties reached an initial agreement
concerning the sale and outlined the sale's general terms in a
Memorandum of Understanding (MOU). After additional negotiations,
the parties executed a land-sale Agreement (the Agreement) which
improved upon the MOU by further detailing the sale's specific
terms. Important to this appeal, the Agreement contains an
integration clause. The integration clause states that the
Agreement is the "sole and entire agreement of the parties" and
that "[a]ll prior discussions, negotiations and agreements are
merged herein and have no further force or effect."

Geringer attacks the district court's ruling on two fronts. First,
Geringer claims that the MOU remains legally binding -- despite the
Agreement's integration clause -- and that the court erred by
finding otherwise. Second, Geringer argues that there is a genuine
issue of material fact whether the Trustee's breach of the MOU's
terms caused his damages.

The issue, in this case, is whether the Agreement, through the
integration clause, voids the MOU's terms. The Court holds that it
does. The MOU lost all legal effect once the Agreement was
finalized. Thus, the district court correctly dismissed a
breach-of-contract claim premised on the MOU's terms. The judgment
of the district court is, therefore, affirmed.

A copy of the Court's Order and Judgment dated March 14, 2019 is
available at https://bit.ly/2JGvEk4 from Leagle.com.

               About Castle Arch Real Estate

Castle Arch Real Estate Investment Company, LLC, in Salt Lake City,
Utah, filed for Chapter 11 bankruptcy (Bankr. D. Utah Case No.
11-35082) on Oct. 17, 2011, together with several affiliates.
Trent Waddoups, CEO/president, signed the petitions.  Judge Joel T.
Marker presides over the case.  Michael L. Labertew, Esq., at
Labertew & Associates, LLC, served as counsel to the Debtors.  In
its petition, Castle Arch Real Estate Investment Company scheduled
$2,818,931 in assets, and $40,863,600 in debt.

The other filing affiliates are CAOP Managers, LLC; Castle Arch
Kingman, LLC; Castle Arch Secured Development Fund, LLC; Castle
Arch Smyrna, LLC; Castle Arch Star Valley, LLC; Castle Arch
Opportunity Partners I, LLC; and Castle Arch Opportunity Partners
II, LLC (Case Nos. 11-35082, 11-35237, 11-35243, 11-35242 and
11-35246, (Substantively Consolidated), Case Nos. 11-35241 and
11-35240, (Jointly Administered).

On May 3, 2012, the Court entered an order appointing D. Ray Strong
as the Chapter 11 bankruptcy Trustee for CAREIC, and in that
capacity he managed each of the other Legacy Debtors.  Peggy Hunt,
Esq., and Chris Martinez, Esq., at Dorsey & Whitney LLP, in Salt
Lake City, Utah, argue for the Chapter 11 Trustee.

On Feb. 8, 2013, the Court entered an Order substantively
consolidating the Legacy Debtors.  Bankruptcy Judge Joel T. Marker
confirmed the First Amended Plan of Liquidation dated Feb. 25, 2013
on June 7, 2013.


CELADON GROUP: Extends Maturity of Credit Agreement
---------------------------------------------------
Celadon Group had entered into an Eighteenth Amendment to its
credit facility on June 28, 2019 to extend the maturity date and
provide additional liquidity.

The purpose of the Eighteenth Amendment is to provide the Company
with additional liquidity and support ongoing operations in a
"business as usual" mode.  The Company continues to evaluate a
range of financial and strategic alternatives with a goal of
maximizing repayment of its credit facility obligations during the
extension period.  The Company has received multiple preliminary
proposals for Repayment Transactions, reflecting varying
refinancing and other structures, each subject to customary
conditions including due diligence and documentation.

The amendment contains the following key terms:

  * Maturity date extended to July 31, 2019.

  * Maximum outstanding amount of $122.9 million, subject to an
    increase of up to $124.9 million upon the written consent of
    the required lenders and maximum borrowing of $94.0 million,
    subject to an increase of up to $96.0 million upon the
    written consent of the required lenders.

  * Continued mandatory weekly cash budget through July 31.  The
    budget and borrowing limit are designed to permit the Company
    to operate in the ordinary course of business.

                         About Celadon

Celadon Group, Inc. -- http://www.celadongroup.com/-- provides
long haul, regional, local, dedicated, intermodal,
temperature-protect, and expedited freight service across the
United States, Canada, and Mexico.  The Company also owns Celadon
Logistics Services, which provides freight brokerage services,
freight management, as well as supply chain management solutions,
including logistics, warehousing, and distribution.  The Company is
headquartered in Indianapolis, Indiana.

In a press release dated April 2, 2018, Celadon stated that based
on issues identified in connection with the Audit Committee
investigation and management's review, financial statements for
fiscal years ended June 30, 2014, 2015, 2016, and the quarters
ended Sept. 30 and Dec. 31, 2016, will be restated.  Celadon's new
senior management team, led by the Company's new chief financial
officer and new chief accounting officer, commenced a review of the
Company's current and historical accounting policies and
procedures.  The internal investigation and management review have
identified errors that will require adjustments to the previously
issued 2014, 2015, 2016, and 2017 financial statements.  

The New York Stock Exchange notified the Securities and Exchange
Commission on April 18, 2018, of its intention to remove the entire
class of the common stock of Celadon Group from listing and
registration on the Exchange on April 30, 2018, pursuant to the
provisions of Rule 12d2-2(b) because, in the opinion of the
Exchange, the Common Stock is no longer suitable for continued
listing and trading on the Exchange.


CHARMING CHARLIE: U.S. Trustee Forms 7-Member Committee
-------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on July 19 appointed
seven creditors to serve on the official committee of unsecured
creditors in the Chapter 11 cases of Charming Charlie Holdings,
Inc. and its affiliates.

The committee members are:

     (1) Black Diamond Accessories
         Attn: Ken Lee
         20 West 37th Street, 8th Floor
         New York NY 10018
         Phone: (212) 792-8361
         Fax: (212) 714-1554.   

     (2) Brookfield Property REIT, Inc.
         Attn: Julie Minnick Bowden
         350 N. Orleans Street, Suite 300
         Chicago, IL 60654
         Phone: (312) 960-2707
         Fax: (312) 442-6374   

     (3) Fantas-Eyes
         Attn: Sam Terzi
         385 5th Ave., 9th Floor
         New York, NY 10016
         Phone: (212) 997-4433, ext. 202
         Fax: (212) 997-7630

     (4) Krazy Kat Sportswear, LLC
         Attn: Bansi Lakhani
         25 East Union Ave.
         East Rutherford, NJ 07073
         Phone: (201) 438-3399
         Fax (201) 438-0097

     (5) Prime Time NYC
         Attn: Isac Hanon
         320 5th Ave., 12th Floor
         New York, NY 10001
         Phone: (212) 967-1841, ext. 12

     (6) Sarina Accessories
         Attn: Marc Faham
         15 West 36th Street, 5th Floor
         New York, NY 10018
         Phone: (212) 239-8106, ext. 18
         Fax: (212) 658-9798.

     (7) Simon Property Group, L.P.
         Attn: Ronald M. Tucker
         225 West Washington Street
         Indianapolis, IN 46204
         Phone: (317) 263-2346
         Fax: (317) 263–7901

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 Charming Charlie

Charming Charlie -- http://www.CharmingCharlie.com/-- is a
Houston-based specialty retailer focused on fashion jewelry,
handbags, apparel, gifts and beauty products.  As of July 12, 2019,
Charming Charlie had both a national, operating 261 locations
across 38 states nationwide.

Charming Charlie Holdings Inc. and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 17-12906) on Dec. 11,
2017, and emerged from bankruptcy in April 2018.  Kirkland & Ellis
LLP was the Company's legal counsel, Klehr Harrison Harvey
Branzburg LLP was local counsel, AlixPartners LLP was the
restructuring advisor, and Guggenheim Securities, LLC was the
investment banker in the restructuring.

On July 11, 2019, Charming Charlie Holdings and six affiliates each
filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. D. Del. Lead Case No.
19-11534), this time with plans to conduct going-out-of-business
sales for all stores.

In the new Chapter 11 cases, Paul Hastings LLP is serving as
counsel, and Clear Thinking Group LLC is the restructuring advisor.
Klehr Harrison Harvey Branzburg LLP is local bankruptcy counsel.

Hilco Merchant Resources, LLC and SB360 Capital Partners are the
sales agents.  Prime Clerk LLC is the claims agent.


CHINA LENDING: Nasdaq Schedules Hearing to Consider Compliance Plan
-------------------------------------------------------------------
Nasdaq has scheduled China Lending Corporation's hearing before the
Nasdaq Hearings Panel for Aug. 22, 2019.  At the hearing, the
Company will present its plan to regain compliance with the Nasdaq
Listing Rules and request the continued listing of the Company's
securities on the Nasdaq Capital Market pending the Company's
compliance therewith.

On July 11, 2019, the Company received a delisting determination
letter from Nasdaq, indicating that the Company's securities would
be subject to delisting from the Nasdaq Capital Market based on its
non-compliance with the continued listing requirements, unless the
Company timely requests a hearing before the Nasdaq Hearings Panel.
The Company filed the hearing request on July 15, 2019, which has
stayed the delisting action of the Company's securities by Nasdaq
pending the Panel's final decision.  There can be no assurance that
the Panel will grant the Company's request for continued listing.

The Company said it is doing everything within its control to
regain compliance with the Nasdaq listing rules.  If the Panel
upholds the delisting determination following the hearing, the
Company's securities may be eligible for quotation on the OTC
Bulletin Boards or in the "pink sheets."

                       About China Lending
                       
Founded in 2009, China Lending -- http://www.chinalending.com/--
is a non-bank direct lending corporation and provides services to
micro, small and medium sized enterprises, farmers, and
individuals, who are currently underserved by commercial banks in
China.  The Company is headquartered in Urumqi, the capital of
Xinjiang Autonomous Region.

China Lending reported a net loss US$94.12 million for the year
ended Dec. 31, 2018, compared to a net loss of US$54.78 million for
the year ended Dec. 31, 2017.  As of Dec. 31, 2018, the Company had
US$95.66 million in total assets, U$122.01 million in total
liabilities, US$9.65 million in convertible redeemable Class A
preferred shares, and a total deficit of US$36 million.

Friedman LLP, in New York, the Company's auditor since 2017, issued
a "going concern" qualification in its report dated April 26, 2019,
on the Company's consolidated financial statements for the year
ended Dec. 31, 2018, citing that the Company has incurred
significant losses and is uncertain about the collection of its
loans receivables and extension of defaulted loans.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


CRM CITY FELLOWSHIP: Unsecureds to Get $2,128 Per Month for 54 Mos
------------------------------------------------------------------
CRM City Fellowship Church filed a first amended Chapter 11 plan
and accompanying Disclosure Statement to increase the amount of
recovery of general unsecured creditors.

Under the new Plan, Class 7 - General Unsecured Claims are
impaired. The Debtor will open an Unsecured Creditors Escrow
Account and place $2,128.77 in this account each month beginning 30
days after confirmation of this plan and continuing for 54 months.
The Debtor proposes to pay Class 7 claimants' 100% of each allowed
claim.  The original Plan proposed that and the Debtor will place
$1,296.72 in the escrow account each month for 54 months.

Class 2 - Secured Claim of Texas Gulf Bank are impaired. This claim
shall be paid in one installment of $4,325,471.64 upon consummation
of the sale of the Debtor's real property. This Class 2 claim shall
be paid upon closing of the pending sale of the Debtor's real
property.

Class 3 - Secured Claim of Vanguard Modular Building Systems, LLC
are impaired. This claim shall be paid in one installment upon the
consummation of the sale of the Debtor's real property.

Class 4 - Secured Claim of Harris County are impaired. This Class 4
Harris County claim shall be paid in one (1) installment upon the
consummation of the sale of the Debtor's real property at the
statutory interest rate (12%) under Texas law.

Class 6 - Secured Claim of Wells Fargo Equipment Finance are
impaired. The Debtor will resume making payments to Wells Fargo as
required by the terms outlined in the Security Agreement beginning
on the Effective Date of the Debtor's Plan until paid in full. The
current monthly obligation for this class 7 claim is $1,000.

Class 6 - Secured Claims of Hancock Whitney Bank are impaired. The
Debtor shall resume making payments to Hancock Whitney starting 30
Days on the effective date of the Debtor's Plan until paid in full.
The monthly obligations for these class 6 claims are $1,152.88 and
$1,925.17 respectively.

Class 6 - Secured Claim of SunTrust Bank (Automobile Loan) are
impaired. This claim consists of the secured claim of SunTrust
Bank, secured by a Security Agreement dated December 17, 2013, in
the original principal amount of $53,093.43, granting the holder of
the obligation a lien on the vehicle. As of November 5, 2018
SunTrust alleges that the total amount owing $13,137.45.

The Debtor plans to finance its repayment plan of reorganization
through the ongoing operations of three places of worship and the
sale of its Real Property located at 3701 Elgin St., Houston, Texas
77288. The Debtor has received an offer of purchase from Guefen
Development Company in the amount of $5,100,000.

A full-text copy of the First Amended Disclosure Statement dated
July 15, 2019, is available at https://tinyurl.com/y3pmls6g from
PacerMonitor.com at no charge.

Attorney for the Debtor is Nelson M. Jones, III, Esq., in Houston,
Texas.

                About CRM City Fellowship Church

CRM City Fellowship Church is a tax-exempt religious organization
based in Houston, Texas.

CRM City Fellowship Church sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Tex. Case No. 18-36175) on Nov. 5,
2018.  In the petition signed by Leroy J. Woodard, president, the
Debtor estimated assets of $1 million to $10 million and
liabilities of $1 million to $10 million.  The Debtor tapped the
Law Office of Nelson M. Jones III as its legal counsel.


CRUISING GUIDE: Files Chapter 11 Plan of Reorganization
-------------------------------------------------------
Cruising Guide Publications, Incorporated, files a Chapter 11 plan
and accompanying Disclosure Statement proposing to pay each Holder
of an Allowed Unsecured Claim a Pro Rata Distribution of Cash from
the Plan Trust.

The Holder of a Secured Claim should not recognize gain or loss
except to the extent collateral securing such Claim is changed, and
the change in collateral constitutes a "significant modification"
of the Allowed Secured Claim within the meaning of Treasury
Regulations promulgated under Section 1001 of the IRC.

Holders of Priority Claims should recognize such Distribution as
ordinary income and submit the appropriate withholdings based on
that Holder's particular circumstances. The Disbursing Agent shall
make any appropriate withholdings from such Distributions.

The Debtor's Plan will be funded by the current and future income
generated by its regular operations.

A full-text copy of the Disclosure Statement dated July 15, 2019,
is available at https://tinyurl.com/y44ztzlr from PacerMonitor.com
at no charge.

Attorneys for the Debtor are Buddy D. Ford, Esq., and Jonathan A.
Semach, Esq., at Buddy D. Ford, P.A., in Tampa, Florida.

               About Cruising Guide Publications

Cruising Guide Publications, Incorporated, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
18-10689) on Dec. 13, 2018.  In the petition signed by Simon P.
Scott, vice president / manager, the Debtor estimated assets of
less than $100,000 and liabilities of less than $500,000.  The
Debtor tapped Buddy D. Ford, PA, as its legal counsel.  No official
committee of unsecured creditors has been appointed in the Chapter
11 case.


CYTODYN INC: Signs Consulting Agreements with Executives
--------------------------------------------------------
CytoDyn Inc. entered into a consulting agreement on July 15, 2019,
with Scott A. Kelly, M.D., who is currently chairman of the Board
of Directors. The agreement names Dr. Kelly to the non-executive
position of chief science officer, with compensation of $20,000 in
cash per month payable in arrears and the grant of a stock option
to be determined by the Board of Directors, which are in addition
to any fees that Dr. Kelly currently earns as a director.  The
Company expects to evaluate the term of the agreement on a month-to
month basis.  The agreement contains customary confidentiality and
indemnification provisions and was approved by the Board of
Directors.

Also on July 15, 2019, the Company entered into a Consulting
Agreement with David F. Welch, Ph.D. who is currently a member of
the Board of Directors.  The agreement names Dr. Welch to the
non-executive position of strategy advisor, with compensation of
$20,000 in cash per month payable in arrears and the grant of a
stock option to be determined by the Board of Directors, which are
in addition to any fees that Dr. Welch currently earns as a
director.  The Company expects to evaluate the term of the
agreement on a month-to month basis.  The agreement contains
customary confidentiality and indemnification provisions and was
approved by the Board of Directors.

                       About CytoDyn Inc.

Headquartered in Vancouver, Washington, CytoDyn Inc. --
http://www.cytodyn.com/-- is a clinical-stage biotechnology
company focused on the clinical development and potential
commercialization of humanized monoclonal antibodies to treat HIV
infection.  Its lead product candidate, PRO 140, belongs to a class
of HIV therapies known as entry inhibitors that block HIV from
entering into and infecting certain cells.  The Company believes
that monoclonal antibodies are a new emerging class of therapeutics
for the treatment of HIV to address unmet medical needs in the area
of HIV and other immunologic indications, such as Graft versus Host
Disease and certain types of cancer.

The audit opinion included in the Company's Annual Report on Form
10-K for the year ended May 31, 2018, contains an explanatory
paragraph regarding the Company's ability to continue as a going
concern.  Warren Averett, LLC, in Birmingham, Alabama, the
Company's auditor since 2007, stated that the Company incurred a
net loss of $50,149,681 for the year ended May 31, 2018 and has an
accumulated deficit of $173,139,396 through May 31, 2018, which
raise substantial doubt about its ability to continue as a going
concern.

As of Feb. 28, 2019, CytoDyn had $20.42 million in total assets,
$26.67 million in total liabilities, and a total stockholders'
deficit of $6.24 million.


D.W. ALLEN MARINE: 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
D.W. Allen Marine Services, Inc., according to court dockets.
    
                 About D.W. Allen Marine Services

D.W. Allen Marine Services, Inc. builds and repairs barges, cargo
ships, naval vessels and passenger ships.
  
D.W. Allen Marine Services sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-02137) on June 6,
2019.  At the time of the filing, the Debtor disclosed $582,777 in
assets and $1,659,106 in liabilities.  

The case has been assigned to Judge Jerry A. Funk.  The Debtor is
represented by The Law Offices of Jason A. Burgess.


DIVERSIFIED RESOURCES: Gets Final Nod to Use Cash Collateral
------------------------------------------------------------
The Hon. Elizabeth E. Brown of the U.S. Bankruptcy Court for the
District of Colorado authorized Diversified Resources, Inc., and
its debtor-affiliates to use the Cash Collateral on a final basis.

The Debtors are authorized to use cash collateral for working
capital, general corporate purposes and administrative costs and
expenses of the Debtor incurred in this Chapter 11 case. The
Debtors may use cash collateral up to the amounts but with a 20%
variance, at the times and for the purposes identified in the
Budget.

To the extent any Secured Party has a valid and properly perfected
lien on assets of the Debtors, including the Cash Collateral, the
Secured Party will have a replacement lien on all post-petition
cash collateral to the extent that there is a decrease in value of
the Secured Party's interest in the cash collateral in the same
extent and priority that existed on the Petition Date.

The Debtors' use of cash collateral will terminate upon: (i) the
appointment of a chapter 11 Trustee, (ii) the entry of an order
converting these cases to proceedings under Chapter 7, or (iii)
upon further order of the court.

A copy of the Cash Collateral Order is available for free at

              http://bankrupt.com/misc/cob19-13627-124.pdf

                    About Diversified Resources

Diversified Resources Inc. --
http://www.diversifiedresourcesinc.com/-- and its subsidiaries are
Colorado-based oil and gas exploration companies, with operations
in the San Juan Basin.

Diversified Resources, BIYA Operators Inc. and Natural Resource
Group, Inc., sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Col. Case Nos. 19-13627 to 19-13629) on April 30,
2019.

At the time of the filing, the Debtors disclosed their assets and
liabilities as follows:

                          Estimated Assets   Estimated Debt
                          ----------------   --------------
Diversified Resources     $0 to $50,000      $1-mil. to $10-mil.
BIYA Operators            $0 to $50,000      $500,000 to $1-mil.
Natural Resource          $0 to $50,000      $0 to $50,000

The Debtors tapped Buechler Law Office, LLC as their legal
counsel.

The Office of the U.S. Trustee on June 18, 2019, appointed five
creditors to serve on an official committee of unsecured creditors
in the Chapter 11 case.  The Committee retained Lewis Roca
Rothgerber Christie LLP as counsel.


DPW HOLDINGS: Stockholders Approve Two Remaining Proposals
----------------------------------------------------------
DPW Holdings, Inc., announced results of the adjourned 2019 Annual
Meeting of the Company's Stockholders, which was held at 9:00 a.m.
on July 19, 2019 and at which time Proposals 5 and 7 were approved
by stockholders.

The Company announced had adjourned the initial annual meeting held
on July 2, 2019 with respect to Proposal 5 (to approve a reverse
stock split of the Company's common stock by a ratio of not less
than one-for-5 and not more than one-for-40, with the exact ratio
to be set by the board of directors) and Proposal 7 (to approve an
amendment to the Company's 2018 Stock Incentive Plan, which would,
among other things, have increased the number of shares of its
common stock that may be issued thereunder to a total of 7,000,000
shares), in each case for the limited purpose of allowing
additional time for stockholders to vote on the proposal.

At the Adjourned Annual Meeting, Proposal 5 passed with more than
50% of the votes of all issued and outstanding shares of capital
stock having been cast in its favor.  The Board has not decided
when to effectuate the reverse stock split nor has it determined
what the ratio will be.  Any Board action on the foregoing matters
will depend on market conditions, specifically the market price of
its common stock, and whether that market price is in compliance
with the continued listing standards set forth in the NYSE American
Company Guide.  However, even if no reverse stock split is
explicitly required to remain in compliance with the Company Guide,
the Board may determine to implement it based on other factors.

While Proposal 7 did not, unlike Proposal 5, require approval of
more than 50% of all outstanding shares of the Company's capital
stock for the proposal to be approved, it did require that more
votes be cast for the proposal than votes cast against it.
Approximately 50% of the votes were cast in favor of Proposal 7,
whereas approximately 49% of such votes were cast against it.

"I appreciate the substantial stockholder support for both Proposal
5 and Proposal 7," said Milton C. Ault, III, chief executive
officer of DPW.

                        About DPW Holdings

DPW Holdings, Inc., formerly known as Digital Power Corp. --
http://www.DPWHoldings.com/-- is a diversified holding company
pursuing growth by acquiring undervalued businesses and disruptive
technologies that hold global potential.  Through its wholly owned
subsidiaries and strategic investments, the company provides
mission-critical products that support a diverse range of
industries, including defense/aerospace, industrial,
telecommunications, medical, crypto-mining, and textiles.  In
addition, the company owns a select portfolio of commercial
hospitality properties and extends credit to select entrepreneurial
businesses through a licensed lending subsidiary. DPW Holdings'
headquarters is located at 201 Shipyard Way, Suite E, Newport
Beach, CA 92663.

DPW Holdings incurred a net loss of $32.98 million in 2018,
following a net loss of $10.89 million in 2017.  As of March 31,
2019, the Company had $54.77 million in total assets, $36.74
million in total liabilities, and $18.03 million in total
stockholders' equity.

Marcum LLP, in New York, the Company's auditor since 2016, issued a
"going concern" qualification in its report dated April 16, 2019,
on the Company's consolidated financial statements for the year
ended Dec. 31, 2018, stating 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.


DRESS BARN: Offers for Intellectual Property Assets Due September
-----------------------------------------------------------------
Hilco Streambank is offering for sale the intellectual property
assets of The Dress Barn, Inc., including the Dressbarn brand and
related trademarks, domain names including Dressbarn.com, and
customer database.

Dressbarn is a specialty boutique destination, offering an
assortment of women's clothing options from every day fashion needs
to special occasions.  The Dressbarn brand's promise is to create
an authentic and inclusive shopping experience for women in sizes
2-24.  Dressbarn's offerings inspire women to look and feel
beautiful with wear-now fashions that cater to her specific needs,
body and lifestyle.

Brand Heritage
Dressbarn was founded by Roslyn Jaffe, a working mother who
understood the need for a convenient, one-stop shop for busy women
to address her fashion needs at a value.  She opened the first
Dressbarn store in 1962 in Stamford, CT in order to be closer to
her children.  The Dressbarn concept immediately connected with its
customer.  Eventually its store footprint grew to over 840 stores
throughout the United States, and online at www.dressbarn.com.  As
of June 2019, Dressbarn operated stores under two brands: Dressbarn
(579) and Roz & Ali (46).


Wind-Down of Retail Operations
In May 2019, Dressbarn announced plans to commence a wind-down of
its operations, including the eventual closure of its retail
stores.  The e-commerce store remains in operation and customers
may shop online at www.dressbarn.com as Hilco Streambank seeks to
transition the brand to a new owner.

The assets for sale include:

The Dressbarn Customer Database

   -- 7.4M active customer files
   -- 2.3M active email addresses correspond with a purchase active
customer
   -- 5.1M physical mailing addresses correspond with a purchase
active customer
   -- 1.3M opt in SMS phone numbers correspond with a purchase
active customer

Trademarks

Dressbarn(R) is registered in the U.S. as well as Brazil, Canada,
European Community, Japan and Mexico.  In addition, the company has
or applied for U.S. trademarks for "&", "DD" design, "Roz&Ali",
"Your Style. Your Life. Your Now.", "Dressbar", "DB", and several
others.

Social Media

Facebook - 990K likes
Instagram - 66k followers
YouTube - 362k views
Pinterest - 15k followers, 318k monthly views
Twitter - 10.2k followers

Domain Names

Dressbarn.com
RozNAli.com
RozAndAli.com
Yvos.com
MyDressbarn.com
BlushPerks.com
TheDressBar.com
. . . And More

Customer Base

Half the customer base falls within the 45-64 age band, with the
average age of the customer being 55.

Perceptions of Dressbarn

The Dressbarn customer has a highly positive impression of the
brand.

DBPerks Loyalty Program

Approximately 80% of the brand's customers are enrolled in the
DBPerks loyalty program.  DBPerks allows customers to earn a $5
reward with $100 in purchases.

Financials

Total Revenue by Fiscal Year

2016 - $976.8M
2017 - $917.7M
2018 - $794.2M
* 2019 - $756.2M
* Q3 TTM (May 18-Apr19)

E-commerce channel revenue has grown significantly over the last
several years, currently representing ~13% of 2019 revenue.

Sale Process

Offers for the Dressbarn intellectual property assets will be due
in September, 2019.

Please contact Hilco Streambank to obtain an NDA and information
regarding the sale process.

David Peress
617.642.1909
dperess@hilcoglobal.com

Richelle Kalnit
212.993.7214
rkalnit@hilcoglobal.com

Ben Kaplan
646.651.1978
bkaplan@hilcoglobal.com



EKSO BIONICS: May Issue Added 3.5M Shares Under 2014 Equity Plan
----------------------------------------------------------------
Ekso Bionics Holdings, Inc., filed a Form S-8 registration
statement with the Securities and Exchange Commission to register
an additional 3,500,000 shares of common stock that are issuable
under the Company's Amended and Restated 2014 Equity Incentive
Plan.  These 3,500,000 shares represent an increase in the number
of shares of common stock reserved for issuance under the Plan,
which increase was approved by the stockholders on June 20, 2019 at
the 2019 annual meeting of stockholders of the Company.  As a
result of the foregoing, the number of shares of common stock
reserved under the Plan is now 12,614,285 (taking into account a
1-for-7 reverse stock split on May 4, 2016).  A full-text copy of
the prospectus is available for free at:

                      https://is.gd/s91EUb

                       About Ekso Bionics

Headquartered in Richmond, California, Ekso Bionics --
http://www.eksobionics.com/-- is a developer of exoskeleton
solutions that amplify human potential by supporting or enhancing
strength, endurance, and mobility across medical and industrial
applications.  Founded in 2005, the Company's wearable exoskeletons
are worn over clothing and are mechanically controlled by a trained
operator to augment human strength, endurance and mobility.

Ekso Bionics reported a net loss of $26.99 million for the year
ended Dec. 31, 2018, following a net loss of $29.12 million for the
year ended Dec. 31, 2017.  As of March 31, 2019, the Company had
$20.86 million in total assets, $16.32 million in total
liabilities, and $4.53 million in total stockholders' equity.

OUM & CO. LLP, in San Francisco, California, the Company's
independent auditor since 2010, issued a "going concern"
qualification in its report dated Feb. 28, 2019, on the Company's
consolidated financial statements for the year ended Dec. 31, 2018,
citing that the Company has incurred significant recurring losses
and negative cash flows from operations since inception and an
accumulated deficit.  These raise substantial doubt about the
Company's ability to continue as a going concern.


ELECTRONIC SERVICE: Unsecureds to Get Monthly Payment Over 5 Years
------------------------------------------------------------------
This is the  in the  case of

Electronic Services Products Corp. filed a small business Chapter
11 plan and accompanying disclosure statement proposing that
General Unsecured Creditors, classified in Class 3, which are
impaired, will be paid beginning on September 1, 2019 and
continuing through August 1, 2024.  Payments to unsecured creditors
will be distributed on a monthly basis for most creditors.  If a
monthly payment will be less than $100, the payment will be
aggregated and be made on a quarterly basis for the convenience of
both the Debtor and Creditor.

Class #2 - Proof of Claim # 1 PNL Phoenix, LLC are impaired.
Monthly Payment of $ 1,712.00. Payment beginning in September 1,
2019. Payments ending on August 1, 2024.

Payments and distributions under the plan will be funded by the
following: Monthly operating surplus as it is generated from
ongoing business activities of the Debtor.

A full-text copy of the Disclosure Statement dated July 15, 2019,
is available at https://tinyurl.com/y55xnpn8 from PacerMonitor.com
at no charge.

               About Electronic Service Products

Founded in 1992, Electronic Service Products Corporation is engaged
in the wholesale distribution of electronic parts and electronic
communications equipment.

Electronic Service Products filed a Chapter 11 petition (Bankr. D.
Conn. Case No. 17-30704) on May 12, 2017.  In the petition signed
by William Hrubiec, its president, the Debtor estimated $100,000 to
$500,000 in assets and $1 million to $10 million in liabilities.
The case is assigned to Judge Ann M. Nevins.  The Debtor tapped
William E. Carter, Esq., at the Law Office of William E. Carter,
LLC, as counsel.


ENERGY XXI: Court Junks K. Plaisance Suit vs J. Schiller, et al.
----------------------------------------------------------------
In the case captioned KRISTEN PLAISANCE, ROBBIE PLAISANCE, RICHIE
CORLEY, CHARLES F. LEEKLEY, BRETT MORRIS, HENRY NEGRETTE, JIM
NESBITT, CINDY SPARACINO, RICHARD SPARACINO, CHRISTIAN SCHICK, JACK
GOSTL, SANTIAGO CORDOVEZ, FLOYD BONE, TOM HOWLAND, MICHAEL MERNAH,
BEN A. SEALE, JOE SHUPAK, MARSHALL WHITMER, BILL WALTERS, ROBERT
ROIG, JOSEPH C. ROSSO, and ARTHUR D. SECOR, Plaintiffs, v. JOHN D.
SCHILLER, JR., D. WEST GRIFFIN, HILL A FEINBERG, NORMAN M.K. LOUIE,
WILLIAM COLVIN, DAVID M. DUNWOODY, CORNELIUS DUPRE II, KEVIN
FLANNERY, SCOTT A. GRIFFITHS, JAMES LaCHANCE, and UHY LLP,
Defendants, Civil Action No. H-17-3741 (S.D. Tex.), the US District
Court, Southern District of Texas granted the Defendants' motion to
dismiss the plaintiffs' amended complaint.

The action was brought by plaintiffs for common law fraud and
alleged violations of section 10(b) and 20(a) of the Securities
Exchange Act of 1934 (Exchange Act), 15 U.S.C. section 78j(b),
78t(a) and Rule 10b-5 promulgated thereunder, 17 C.F.R. 240.10b-5,
during the period beginning on Sept. 28, 2007, and ending on Dec.
30, 2016, arising from statements and representations regarding
Energy XXI Ltd. Plaintiffs also assert claims for violations of
section 20(a) of the Exchange Act, 15 U.S.C. section 78t(a), and
for breach of fiduciary duty against the Individual Defendants all
of whom served as members of EXXI's Board of Directors.

Defendants argued that Plaintiffs' Amended Complaint should be
dismissed pursuant to Federal Rule of Civil Procedure 12(b)(6) for
failure to state a claim for which relief may be granted.

The parties dispute the simplicity and obviousness of the
misapplied accounting rules. But reading the Plaintiffs' Amended
Complaint and the record in the Plaintiffs' favor, the Amended
Complaint does not sufficiently allege that EXXI violated rules
that were so clear and obvious as to make its outside auditor
either knowingly deceptive or severely reckless in certifying
EXXI's figures on the SEC filings. Plaintiffs' factual allegations
make it more plausible, or at least as plausible, to infer that UHY
acted negligently than to infer that UHY knowingly or recklessly
disregarded the presence of glaring accounting irregularities or
other red flags in EXXI's financial statements.

Because Plaintiffs have failed to allege facts capable of
establishing that when UHY issued its audit reports, UHY knew -- or
was severely reckless in not knowing -- that its audit opinions
contained statements that were false or misleading or that the
audit opinions were so deficient that they amounted to "no audit at
all," Plaintiffs' allegations against UHY are not capable of
raising a strong inference of scienter. That UHY failed to discover
in 2011 and 2014 accounting deficiencies that were not found until
2015 might arguably and at most support an allegation of
negligence, but not of fraud. Accordingly, UHY's motion to dismiss
the federal securities law claims asserted against it will be
granted and those claims will be dismissed with prejudice.

A copy of the Court's Decision dated March 14, 2019 is available at
https://bit.ly/2Lys2Dc from Leagle.com.

Kristen Plaisance, Robbie Plaisance, Richie Corley, Charles F.
Leekley, Brett Morris, Henry Negrette, Jim Nesbitt, Cindy
Sparacino, Richard Sparacino, Christian Schick, Jack Gostl,
Santiago Cordovez, Floyd Bone, Tom Howland, Michael Mernah, Ben A.
Seale, Joe Shupak, Marshall Whitmer, Bill Walters & Robert Roig,
Plaintiffs, represented by Randall Scott Newman , Wolf Haldenstein
et al, Deirdre Carey Brown , Hoover Slovacek LLP & Mark C. Rifkin ,
Wolf Haldenstein et al.

Joseph C Rosso & Arthur D Secor, Plaintiffs, represented by Deirdre
Carey Brown , Hoover Slovacek LLP.

John D. Schiller, Jr., Defendant, represented by Barrett H.
Reasoner , Gibbs Bruns LLP, Ashley McKeand Kleber , Gibbs Bruns
LLP, David Michael Sheeren , Gibbs and Bruns LLP & Kenneth E.
Warner , Warner Partners, P.C.

D. West Griffin, Defendant, represented by Jill Rickershauser
Carvalho , King and Spalding, Paul R. Bessette , King & Spalding
LLP & Tyler Wayne Highful , King and Spalding LLP.

Hill A. Feinberg, William Colvin, David M. Dunwoody, Cornelius
Dupre, II, Kevin Flannery, Scott A Griffiths & James LaChance,
Defendants, represented by Clifford Thau , Vinson Elkins, Jeffrey
S. Johnston , Vinson Elkins LLP & Richard Kent Piacenti , Vinson
and Elkins LLP.

                     About Energy XXI, Ltd.

Energy XXI Ltd (OTCMKTS: EXXIQ) was incorporated in Bermuda on July
25, 2005.  With its principal operating subsidiary headquartered in
Houston, Texas, Energy XXI is engaged in the acquisition,
exploration, development and operation of oil and natural gas
properties onshore in Louisiana and Texas and in the Gulf of Mexico
Shelf.

Energy XXI Ltd and 25 of its affiliates filed on April 14, 2016,
bankruptcy petitions in the U.S. Bankruptcy Court for the Southern
District of Texas (Bankr. S.D. Tex. Lead Case No. 16-31928).  The
petitions were signed by Bruce W. Busmire, the CFO. Judge Karen K.
Brown is assigned to the cases.

Energy XXI Ltd on April 14, 2016, also filed a winding-up petition
commencing an official liquidation proceeding under the laws of
Bermuda before the Supreme Court of Bermuda.

The Debtors sought bankruptcy protection after reaching a deal with
lenders on the filing of a restructuring plan that would convert
$1.45 billion owed to second lien noteholders into equity of the
reorganized company.

The Debtors have hired Vinson & Elkins LLP as counsel, Gray Reed &
McGraw, P.C., as special counsel, Conyers Dill & Pearman as Bermuda
counsel, Locke Lord LLP as regulatory counsel, PJT Partners LP as
investment banker, Opportune LLP as financial advisor, Epiq
Systems, Inc., as notice and claims agent.

Wilmer Cutler Pickering Hale and Dorr LLP represents an ad hoc
group of certain holders and investment advisors and managers for
holders of obligations arising from the 8.25% Senior Notes due 2018
issued pursuant to that certain Indenture, dated as of Feb. 14,
2011, by and among EPL Oil & Gas, Inc., certain of EPL's
subsidiaries, as guarantors, and U.S. Bank National Association, as
trustee.

The Office of the U.S. Trustee on April 26 appointed five creditors
of Energy XXI Ltd. to serve on the official committee of unsecured
creditors.  The Committee retains Heller, Draper, Patrick, Horn &
Dabney LLC as its co-counsel, Latham & Watkins LLP as its
co-counsel, and FTI Consulting, Inc. as its financial advisor.

As reported by the Troubled Company Reporter on Jan. 9, 2017,
BankruptcyData.com reported that the Debtor's Second Amended Joint
Chapter 11 Plan of Reorganization became effective, and the Debtor
emerged from Chapter 11 protection.  The U.S. Bankruptcy Court
confirmed the Plan on Dec. 13, 2016.


F & S ASSOCIATES: Sept. 11 Hearing on Disclosure Statement
----------------------------------------------------------
The hearing to consider the approval of the Disclosure Statement
explaining the Chapter 11 Plan of F & S Associates Limited
Partnership will be held in Courtroom 3E of the U.S. Bankruptcy
Court, U.S. Courthouse, 6500 Cherrywood Lane, Greenbelt, Maryland
20770, on September 11, 2019 at 2:00 pm.  August 15, 2019, is fixed
as the last day for filing and serving written objections to the
Disclosure Statement.

                    About F & S Associates LP

F & S Associates Limited Partnership based in Columbia, MD, filed a
Chapter 11 petition (Bankr. D. Md. Case No. 19-14947) on April 11,
2019.  In its petition, the Debtor estimated $1 million to $10
million in both assets and liabilities.  The Hon. David E. Rice
oversees the case.  The Coyle Law Group LLC serves as bankruptcy
counsel to the Debtor.


FACTORY SALES: Executed Indemnity Not Ambiguous, Court Affirms
--------------------------------------------------------------
Senior District Judge Ivan L.R. Lemelle affirmed the Bankruptcy
Court's decision against Appellant Factory Sales & Engineering,
Inc. in the appeals case captioned FACTORY SALES AND ENGINEERING,
INC., v. CHUBB EUROPEAN GROUP, LTD, ET AL., SECTION: "B," Civil
Action No. 18-6300 (E.D. La.).

Appellant, Factory Sales and Engineering, has submitted the
following Statement of Issues on Appeal from the Judgment of the
Bankruptcy Court entered on June 14, 2018:

   1. Whether, under the principles of New York contract
interpretation law, the Agreement of Indemnity (Executed Indemnity)
governing the relationship between the Appellees (the Sureties) and
Factory Sales and Engineering, Inc. (FSE) is ambiguous regarding
whether collateral provided to the Sureties for a specific bond
must be released to FSE when that bond is released.

   2. If the Executed Indemnity is ambiguous, whether, under New
York law, it should be construed against the Sureties as its
drafters.

   3. If the Executed Indemnity is ambiguous, whether, in light of
other related instruments and the New York law doctrine of
expressio unius est exclusio alterius (the expression of one thing
means the exclusion of other things), the omission of explicit
language providing for cross-collateralization in the Executed
Indemnity should be deemed intentional.

   4. If the Executed Indemnity is ambiguous, whether the weight of
the other extrinsic evidence supports interpreting it to require
the Sureties to release collateral provided by FSE for a specific
bond to FSE when that bond is released.

   5. Whether the Sureties are obligated under New York law to
return the disputed deposits to FSE.

Appellant argues that the Court should reverse the ruling of the
Bankruptcy Court because the executed indemnity agreement at issue
does not provide for cross-collateralization among separate bonds.
Specifically, Appellant argues that the collateral is
bond-specific. According to Appellant, the language in the executed
indemnity agreement is ambiguous as a matter of New York law.
Therefore, Appellant urges this court to construe the agreement
against the Appellees and render judgment in favor of Appellant.

Appellees argue that the ruling of the Bankruptcy Court should be
upheld because the collateral is cross-collateralized across
multiple bonds issues in other projects that Appellant has worked
on. Specifically, Appellees argue that they are entitled to keep
the funds and use those funds to pay off any outstanding claims for
projects that Appellant has not completed.

The Court agrees with the Bankruptcy Court's finding that the
Indemnity Agreement is not ambiguous. The parties' disagreement
turns on the meaning of the phrase "any Bond" in the Executed
Indemnity.

Appellant's argument that the term "any Bond" is singular is not
persuasive, because when the term "any" precedes a noun, it is
generally for the specific purpose of making clear that the writer
or speaker is not identifying a single, specific instance of the
noun. As the bankruptcy judge below noted, the agreement did not
state "under the Bond" which would indicate a reference to a
specific, singular Bond. From the face of the contract, the
contract provides that Appellant is to pay Appellees until there is
not any further liability on any bond, which would include all
bonds -- past, present, or future -- that Appellees have issued on
behalf of Appellant. This interpretation is not only consistent
with the terms of the agreement and the purpose of the agreement
(to protect the Sureties in case of a loss from the issuance of
bonds), but this interpretation is also consistent with industry
practice. According to the testimony of Chris Vahey, collateral
bonds are held on an account basis or a "total global exposure"
unless there is only one bond for an account. Furthermore, just
because Appellants argue a different interpretation in the
litigation does not make this provision of the contract ambiguous.

Therefore, this Court finds that the terms of the Executed
Indemnity agreement are not ambiguous from the face of the
contract. Since this Court finds that the contract is not
ambiguous, it is not necessary to address Appellant's remaining
arguments concerning the use of extrinsic evidence, as extrinsic
evidence need only be considered in ambiguous contracts.

Accordingly, the judgment of the Bankruptcy Court is affirmed,
dismissing instant appeal at appellant's costs.

A copy of the Court's Opinion dated March 14, 2019 is available at
https://bit.ly/2xZ1SQS from Leagle.com.

Factory Sales & Engineering, Inc., Appellant, represented by John
M. Landis , Stone, Pigman, Walther, Wittmann, LLC & Andrew D.
Mendez , Stone, Pigman, Walther, Wittmann, LLC.

ACE European Group, Ltd., Westchester Fire Insurance Company &
Chubb European Group Limited, Appellees, represented by David
Joseph Krebs , Krebs Farley PLLC, Amy M. Bernadas , Krebs Farley
PLLC & Matt J. Farley , Krebs Farley PLLC.

U.S. Trustee, Trustee, pro se.

             About Factory Sales and Engineering

An involuntary Chapter 7 petition was filed against Factory Sales
and Engineering, Inc. (Bankr. E.D. La. Case No. 17-11446) on June
6, 2017.  The involuntary petition was served on the Debtor on
Sunday, June 18.  The creditors who signed the petition are
Iberdrola Energy Projects Canada Corporation, represented by
Richard A. Aguilar, Esq., at Mcglinchey Stafford; Maxim Crane
Works, L.P., represented by John T. Andrishok, Esq., at Breazeale,
Sachse & Wilson; and Precision Bearing & Machine, Inc., represented
by A. Todd Darwin, Esq.

On July 10, 2017, the Debtor filed its ex parte motion to convert
the involuntary case to Chapter 11, in which it sought to exercise
its right, pursuant to Bankruptcy Code section 706(a), to convert
this case to a Chapter 11 reorganization.  On July 17, the Court
entered an order granting the Debtor's motion to convert, and the
Debtor became a debtor-in-possession.

The Debtor's ongoing operations are limited to a project in Chile
that is in the commissioning stage.

Judge Jerry A. Brown presides over the case.

The Debtor tapped Stone Pigman Walther Wittman LLC as bankruptcy
counsel, and Levesque Law Firm, LLC, as special counsel.


FERRELL TRANSPORTATION: Final Cash Collateral Order Entered
-----------------------------------------------------------
Judge James M. Carr of the U.S. Bankruptcy Court for the Southern
District of Indiana has entered a final order authorizing Ferrell
Transportation, Inc., to use cash collateral to meet its ordinary
cash needs.

The Debtor may use cash collateral solely for (i) maintenance and
preservation of its assets; and (ii) the continued operation of its
business, including but not limited to payroll, payroll taxes,
employee expenses, and insurance costs.

The Huntington National Bank has a perfected security lien interest
in all of the Debtor's pre-petition property, including without
limitation deposits of money with banking institutions, cash on
hand, and accounts receivable. The Final Order provides that
Huntington will remain secured by the proceeds of its collateral
deposited into Debtor's existing deposit accounts.

Huntington consents to Debtor's continued use of the JPMorgan Chase
Bank account, subject to following terms:

      (a) Huntington will be granted replacement liens in the cash
collateral and in the post-petition property of the Debtor of the
same nature and to the same extent and in the same priority that
Huntington held in the cash collateral on the Petition Date.

      (b) To the extent the adequate protection provided for proves
insufficient to protect Huntington's interest in and to the cash
collateral, Huntington will have a super priority administrative
expense claim pursuant to Section 507(b) of the Bankruptcy Code,
senior to any and all claims against the Debtor under Section
507(a), whether in this proceeding or in any superseding
proceeding.

      (c) The Debtor will pay Huntington, per the terms of the
Amended Agreed Entry Resolving the Debtor's Objection to The
Huntington National Bank's Motion for Adequate Protection. These
payments will be applied to Huntington's secured debt in the
aggregate amount of $121,597.


      (d) The Debtor will provide weekly periodic accountings to
Huntington setting forth the cash receipts and disbursement made
under the Final Order. In addition, the Debtor will provide
Huntington all other reports required by the pre-petition loan
documents and any other reports reasonable required by Huntington.

      (e) At all times during the pendency of the case, the Debtor
will maintain in full force and effect insurance coverage on the
property subject to the liens of Huntington, insuring the
reasonable value of said property against loss or damage by theft
and/or casualty.

      (f) Upon reasonable notice by Huntington, the Debtor will
permit Huntington and any of its agents reasonable and free access
to its records and place of business during normal business hours
to verify the existence, condition and location of collateral in
which said creditors hold a security interest and to audit the
Debtor's cash receipts and disbursements.

A copy of the Final Cash Collateral Order is available for free at

             http://bankrupt.com/misc/insb19-03257-66.pdf

                   About Ferrell Transportation

Ferrell Transportation, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Ind. Case No. 19-03257) on May 7,
2019.  At the time of the filing, the Debtor disclosed assets of
between $100,001 and $500,000 and liabilities of the same range.
The Petition was signed by its president, Gerard Ferrell.  The case
is assigned to Judge James M. Carr.  Redman Ludwig, PC, is the
Debtor's bankruptcy counsel.  No official committee of unsecured
creditors has been appointed in the Chapter 11 case.


FIRST CREEK: Moody's Rates $9.1MM Series 2019A Bonds 'Ba1'
----------------------------------------------------------
Moody's Investors Service has assigned an initial Ba1 underlying
rating to First Creek Village Metropolitan District, CO's $9.1
million Limited Tax (Convertible to Unlimited Tax) General
Obligation Bonds, Series 2019A. Concurrently, Moody's has assigned
an issuer rating of Baa3, which reflects an assessment of the
district's hypothetical general obligation unlimited tax rating. A
stable outlook has been assigned.

RATINGS RATIONALE

The Baa3 issuer rating reflects a hypothetical unlimited tax
pledge, in addition to the fundamental credit characteristics of
the district. The Baa3 issuer rating is primarily driven by the
nascence of the district, that while now built-out, has limited
financial and collections history, and the majority of value per
the city and county of Denver is not yet on the certified tax roll.
However, despite this, the district presents a credit profile that
is expected to improve over the next few fiscal years. While the
residential tax base is small, it is favorably located in the city
and county of Denver (Aaa stable) and is built out per certificates
of occupancy records as of July 1, 2019. Operating reserves are
narrow, though the district has no operations. Given a requirement
to levy at the maximum cap until the surplus fund is fully funded
at 10% of the senior bonds par amount, Moody's expects liquidity to
improve rapidly even with modest tax delinquencies. The rating also
considers the elevated senior bond debt burden, which increases
further with the addition of the subordinate and junior subordinate
bonds.

The Ba1 limited tax bond rating reflects a one notch distinction
from the issuer rating due to the narrow headroom under the tax
levy cap to pay debt service. The senior bonds are structured to
produce 1.2x coverage assuming no further appreciation of homes,
though does assume that the completed value of all homes is on the
tax roll. The majority of value is expected to be reflected on the
fiscal 2020 certified tax roll, and all value reflecting full build
out is expected to be on the tax roll by fiscal 2021.

RATING OUTLOOK

The stable outlook reflects the expectation that completed home
value will come on to the tax roll through fiscal 2021, and that
collections will continue to be strong as indicated by the fiscal
2019 tax collection. The built out tax base and limited though high
collections year to date point to build up of the surplus fund as
projected over the next several years.

FACTORS THAT COULD LEAD TO AN UPGRADE

  -- Sustained strong property tax collections

  -- Moderation of the debt burden

  -- Increased operating reserves

  -- Tax base growth

FACTORS THAT COULD LEAD TO A DOWNGRADE

  -- Tax base contraction

  -- Inability to build up surplus fund

  -- Increased debt burden

LEGAL SECURITY

The 2019A senior bonds constitute limited tax (convertible to
unlimited tax) general obligations of the district payable from the
senior pledged revenue as provided in the 2019A senior indenture.
The senior pledged revenues are predominantly made up of the senior
property tax revenues, derived from a first lien on the property
taxes generated from a limited property tax levy which is currently
capped at 55.27 mills. The maximum levy may be adjusted when the
assessed value equalization rate is adjusted such that the revenues
generated by the district are unimpaired. Pledged revenues also
includes specific ownership taxes and capital fees. The district
has covenanted to levy at the maximum mill levy until the surplus
fund securing the 2019A bonds reaches the maximum amount of 10% of
the par amount of the 2019A bonds.

USE OF PROCEEDS

Proceeds of the bonds fund developer reimbursements owed for public
infrastructure constructed in the district.

PROFILE

First Creek Village Metropolitan District, CO was formed in 2016 to
fund public infrastructure to facilitate residential development
within the district, and includes 380 completed homes covering 82
acres. The district is located within the city and county of Denver
(Aaa stable) and is served by the city and county of Denver S.D. 1
(Aa1 stable).


FLOORS TODAY: Seeks Authorization to Use Cash Collateral
--------------------------------------------------------
Floors Today, LLC seeks authorization from the U.S. Bankruptcy
Court for the District of Massachusetts to the use of cash
collateral to pay the expenses necessary to maintain their
businesses, maintain operations and preserve the value of their
assets.

The proposed budget projects total cash disbursements of
approximately $1,142,919 for Debtor's operations for the period
between the Petition Date and Oct. 8, 2019.

The Debtor proposes to provide adequate protection for the use of
cash collateral by continuing to preserve the value of its
operations and assets. The Debtor also proposes to grant its
Secured Creditors replacement liens on the same types of
post-petition property of the estates against which the Secured
Creditors held liens as of the Petition Date. Said replacement
liens will maintain the same priority, validity and enforceability
as the Secured Creditors' pre-petition liens (if any).

The Debtor will also provide the following reporting, monthly, to
each creditor that asserts a lien on the its assets: (a) a budget
to actual report with respect to the Budget, and (b) a copy of each
Debtor's monthly operating report submitted to the Office of the
U.S. Trustee.

The Debtor believes these entities may assert secured claim against
it:

      (a) Hometown Bank is owed approximately $692,000 as of the
Petition Date;

      (b) American Express Bank, FSB asserts that it is owed
approximately $160,000, representing charges for product purchase,
inventory purchases, supplies and other general expenses of the
Debtor;

      (c) Mulligan Funding, LLC, a merchant lender, asserts that it
is owed approximately $97,000;

      (d) Masco Cabinetry, LLC asserts that it is approximately
$48,000;

      (e) Supreme Capital Source, LLC a/k/a SPG Funding, a merchant
lender, asserts that it is owed approximately $89,000;

      (f) LG Funding, LLC, a merchant lender, asserts that it is
owed approximately $22,000.

Moreover, pursuant to its settlement agreement with Compass
Solutions, LLC, Kitchens Today, Inc. and Peter Perkins, the Debtor
and the Compass Parties resolved their disputes with respect to an
arbitration award against the Debtor and FT Realty. Under that
settlement agreement Debtor and FT Realty agreed to pay the Compass
Parties a total of $225,000 over a four year period, and the Debtor
granted the Compass Parties a lien against all of its assets.

A copy of the Cash Collateral Motion is available for free at

           http://bankrupt.com/misc/mab19-41126-10.pdf

                        About Floors Today

Floors Today, LLC -- https://www.floorsandkitchenstoday.com/ --
owns and operates flooring stores offering carpets, tiles, woods,
waterproof floors, laminates, area rugs and more.  The Company also
retails bathroom and kitchen furniture including cabinetry,
countertops, and interior products.  The Company has locations in
the Greater Boston, Providence, and Worcester areas.

Floors Today, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mass. Case No. 19-41126) on July 7,
2019.  At the time of the filing, the Company disclosed assets of
between $500,000 to $1 million and liabilities of between $1
million to $10 million.  The petition was signed by the Company's
managing partner, Vincent Virga.  The Hon. Elizabeth D. Katz is the
case judge.  The Company is represented by Donald Ethan Jeffery,
Esq., at Murphy & King, Professional Corporation.


FUELCELL ENERGY: Receives Noncompliance Notice from Nasdaq
----------------------------------------------------------
FuelCell Energy, Inc., received a letter from The Nasdaq Stock
Market on July 18, 2019, stating that the Company is not in
compliance with Nasdaq Listing Rule 5450(a)(1) because the closing
bid price of the Company's common stock was below the required
minimum of $1.00 per share for the previous 30 consecutive business
days, as disclosed in the Company's Form 8-K filed with the
Securities and Exchange Commission.

This notification has no immediate effect on the listing of the
Company's common stock.

In accordance with Nasdaq Listing Rules, the Company has a period
of 180 calendar days, or until Jan. 14, 2020, to regain compliance
with the minimum bid price requirement.  If at any time before Jan.
14, 2020 the closing bid price of the Company's common stock is at
least $1.00 per share for a minimum of 10 consecutive business
days, Nasdaq will provide the Company with written confirmation
that it has regained compliance with the minimum bid price
requirement and this matter will be closed.

The Company has notified Nasdaq of its intention to regain
compliance with the Nasdaq minimum bid price requirement.  The
Company is currently in compliance with all other Nasdaq
quantitative continued listing standards.

If the Company is unable to demonstrate compliance with Rule
5450(a)(1) by Jan. 14, 2020, the Company can submit an application
to transfer its securities to The Nasdaq Capital Market and request
an additional 180 day period to regain compliance with the minimum
bid price requirement.

                      About FuelCell Energy

FuelCell Energy, Inc. -- http://www.fuelcellenergy.com/-- designs,
manufactures, undertakes project development of, installs, operates
and maintains megawatt-scale fuel cell systems, serving utilities
and industrial and large municipal power users with solutions that
include both utility-scale and on-site power generation, as well as
advancing development of solutions for carbon capture, local
hydrogen production for transportation and industrial users, and
long duration energy storage.

FuelCell reported a net loss to common stockholders of $62.16
million for the year ended Oct. 31, 2018, following a net loss to
common stockholders of $57.10 million for the year ended Dec. 31,
2017.  As of April 30, 2019, the Company had $341.22 million in
total assets, $207.82 million in total liabilities, $59.85 million
in redeemable series B preferred stock, $3.16 million in redeemable
series C preferred stock, $20.54 million in redeemable series D
preferred stock, and $49.83 million in total stockholders' equity.


GATEWAY RADIOLOGY: Must File Plan, Disclosures Before Sept. 25
--------------------------------------------------------------
Bankruptcy Judge Michael G. Williamson ordered Gateway Radiology
Consultants P.A. to file a Plan and Disclosure Statement on or
before Sept. 25, 2019.

The Disclosure Statement must, at the minimum, contain adequate
information pertaining to the Debtor in the following areas:

(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 Gateway Radiology Consultants

Gateway Radiology Consultants P.A., based in Saint Petersburg,
Florida, filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
19-04971) on May 28, 2019.  In the petition signed by Gagandeep
Manget M.D., president, the Debtor disclosed $1,200,000 in assets
and $14,899,135 in liabilities as of the bankruptcy filing.  The
Hon. Michael G. Williamson oversees the case.  Joel M. Aresty,
P.A., serves as bankruptcy counsel to the Debtor.  Beighley Myrick
Udell and Lynne, is special counsel.


GENOCEA BIOSCIENCES: NEA 16 et al. Have 34% Stake as of June 24
---------------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, these entities and individuals reported beneficial
ownership of shares of common stock of Genocea Biosciences, Inc. as
of June 24, 2019:

                                         Shares      Percent
                                      Beneficially     of
  Reporting Person                        Owned       Class
  ----------------                    ------------   -------
New Enterprise Associates 16, L.P.     8,943,617       34%
NEA Partners 16, L.P.                  8,943,617       34%
NEA 16 GP, LLC                         8,943,617       34%
Peter J. Barris                        8,943,617       34%
Forest Baskett                         8,943,617       34%
Ali Behbahani                          8,968,617       34.1%
Carmen Chang                           8,943,617       34%
Anthony A. Florence, Jr.               8,943,617       34%
Mohamad H. Makhzoumi                   8,943,617       34%
Joshua Makower                         8,943,617       34%
David M. Mott                          8,943,617       34%
Scott D. Sandell                       8,943,617       34%
Peter W. Sonsini                       8,943,617       34%
Paul Walker                            8,943,617       34%

The percentages were calculated based on 26,267,122 shares of
Common Stock deemed to be outstanding, which includes (i)
24,549,181 shares of Common Stock reported to be outstanding as of
June 21, 2019 on the Issuer's 424(b)(4) Prospectus, filed with the
SEC on June 21, 2019, (ii) the NEA 16 Class A Warrant Shares and
(iii) the NEA 16 Class B Warrant Shares.  The percentage for
Behbahani was calculated based on 26,292,122 shares of Common
Stock, which includes (1) the Prospectus Shares, (2) the NEA 16
Class A Warrant Shares, (3) the NEA 16 Class B Warrant Shares and
(4) the Behbahani Option Shares.

On June 24, 2019, the Issuer completed the closing of an
underwritten offering of 10,500,000 shares of Common Stock.  At the
closing of the Offering, NEA 16 purchased an aggregate of 2,857,142
shares of the Issuer's Common Stock at the purchase price of $3.50
per share.  Prior to the Offering, NEA 16 held 4,368,534 shares of
the Issuer's Common Stock, a Class A warrant to purchase, subject
to certain limitations, up to an aggregate of 1,562,500 shares of
the Issuer's Common Stock, exercisable immediately, and a Class B
warrant to purchase, subject to certain limitations, up to an
aggregate of 155,441 shares of the Issuer's Common Stock,
exercisable immediately.  NEA 16 now holds a total of 7,225,676
shares of the Issuer's Common Stock and warrants to purchase
1,717,941 shares of the Issuer's Common Stock.
The working capital of NEA 16 was the source of the funds for the
purchase of the Securities.  No part of the purchase price of the
Securities was represented by funds or other consideration borrowed
or otherwise obtained for the purpose of acquiring, holding,
trading or voting the Securities.

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

                      https://is.gd/TaQU7k

                    About Genocea Biosciences

Headquartered in Cambridge, Massachusetts, Genocea --
http://www.genocea.com/-- is a biopharmaceutical company
developing personalized cancer immuno-therapies.  The Company uses
its proprietary discovery platform, ATLAS, to profile CD4+ and
CD8+T cell (or cellular) immune responses to tumor antigens.

Genocea incurred a net loss of $27.81 million in 2018, following a
net loss of $56.71 million in 2017.  As of March 31, 2019, Genocea
had $35.82 million in total assets, $29.58 million in total
liabilities, and $6.23 million in total stockholders' equity.

Ernst & Young LLP, in Boston, Massachusetts, the Company's auditor
since 2009, issued a "going concern" qualification in its report
dated Feb. 28, 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, has a
working capital deficiency, and has stated that substantial doubt
exists about the Company's ability to continue as a going concern.


GLOBAL EAGLE: Expects $61 Million of Additional Liquidity
---------------------------------------------------------
Global Eagle Entertainment Inc. has completed a $40 million
upsizing of its senior secured term loan due 2023, as well as an
amendment to its Term Loan to reduce scheduled principal repayments
over the next six quarters by an aggregate of approximately $26
million.  Net of fees and expenses, the Amendment will result in
approximately $61 million of incremental liquidity over the next 18
months.  This supplements the Company's approximately $49 million
of liquidity as of June 30, 2019, which includes cash and unused
revolver capacity, and further enables the Company to focus on
executing its growth plans.

"We are pleased to announce this Amendment, which strengthens our
liquidity and positions us to deliver significant long-term
shareholder value as we continue our transition to sustainable,
positive free cash flow generation," said Josh Marks, chief
executive officer of Global Eagle.  Mr. Marks continued, "We are
grateful for our strong collaborative partnership with our lenders.
We see significant opportunities as we continue to serve our
customers well and innovate in our markets."

Christian Mezger, chief financial officer, further commented,
"Enhancing liquidity was an important step as we continue to
improve the performance of our business.  We are excited about our
prospects.  We continue to build top-line momentum while improving
our cost structure as we drive the business to our near-term goal
of generating sustainable, positive free cash flow."

Global Eagle intends to use the proceeds to repay principal balance
on its revolving credit facility and anticipates using the
remaining proceeds for growth, cost initiatives and other general
corporate purposes.

                        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.


HCB ENTERPRISES: New Plan Modifies Treatment of NSB Secured Claim
-----------------------------------------------------------------
HCB Enterprises, LLC filed a second disclosure statement describing
its second plan of reorganization filed on April 16, 2019 and
corrected on July 16, 2019.

This latest filing removed and changed several provisions on the
treatment of North State Bank's secured claim in Class 2. It states
that:

   (a) On the Effective Date, the Loan Documents will remain in
full force and effect. The Holder of the Class 2 claim shall be
unimpaired and will be partially satisfied by the surrender of all
the restaurant-related collateral, and or the subsequent sale of
the collateral.

   (b) Principal Balance. The principal balance of the Class 2
claim upon the surrender of all the restaurant-related collateral
located at CubeSmart Self Storage, 1010 Jupiter Road, Plano, TX
75074 will reduce the claim by a mutually determined amount or by
the amount realized from the sale of the property.

   (c) Lien. From and after the Confirmation Date, the Holder of
the Class 2 Claim will release retain its all lien in any related
collateral until the surrender or sale of the collateral.

A redlined copy of the Second Disclosure Statement dated July 16,
2019 is available at https://tinyurl.com/yxvmeb56 from
Pacermonitor.com at no charge.

A redlined copy of the Second Plan of Reorganization is available
at https://tinyurl.com/y2bq3w4b from Pacermonitor.com at no charge.


                   About HCB Enterprises

Based in Las Vegas, Nevada, HCB Enterprises LLC filed for Chapter
11 bankruptcy protection (Bankr. D. Nev. Case No. 18-15551) on
Sept. 17, 2018, with estimated assets and liabilities at $500,001
to $1 million. The petition was filed by Shaun Martin, the Debtor's
manager.


HEATING & PLUMBING: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Heating & Plumbing Engineers, Inc.
        407 W. Fillmore Place
        Colorado Springs, CO 80907

Business Description: Founded in 1947, Heating & Plumbing
                      Engineers, Inc., a mechanical contractor,
                      provides HVAC sheet metal, plumbing, and
                      piping systems services in Colorado.

Chapter 11 Petition Date: July 19, 2019

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Case No.: 19-16183

Judge: Hon. Thomas B. McNamara

Debtor's Counsel: Lee M. Kutner, Esq.
                  KUTNER BRINEN, P.C.
                  1660 Lincoln St., Ste. 1850
                  Denver, CO 80264
                  Tel: 303-832-2400
                  E-mail: lmk@kutnerlaw.com

                    - and -

                  Keri L. Riley, Esq.
                  KUTNER BRINEN, P.C.
                  1660 Lincoln St., Ste.1850
                  Denver, CO 80202
                  Tel: 303-832-2400
                  Fax: 303-832-1510
                  E-mail: klr@kutnerlaw.com

Total Assets: $13,845,361

Total Liabilities: $14,934,602

The petition was signed by William T. Eustace, chief executive
officer.

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

         http://bankrupt.com/misc/cob19-16183.pdf

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. ZB, N.A. d/b/a Vectra Bank        Bridge Loan        $1,500,000
1700 Pearl St.
Boulder, CO 80302

2. Internal Revenue Service       Wage Withholding      $1,500,000
PO Box 7346                             Taxes
Philadelphia, PA
19101-7346

3. S.M.A.R.T. Local                Contributions to     $1,159,831
Union No. 9, 7510 West              Union Benefits
Mississippi, STE 200
Lakewood, CO 80226

4. Long Building Tech, Inc.                               $917,586
P.O. Box 5501
ATTN: Michelle,
Denver, CO
80217-5501
Tel: (303) 357-2305

5. Ferguson Enterprises                                   $439,949
Wolseley Industrial Group
P.O. Box 802817
Chicago, IL
60680-2817
Tel: (719) 547-3077

6. CFM Company                                            $426,862
1440 South Lipan Street
Denver, CO
80223-3411
Tel: (303) 761-2291

7. Windustrial - Colorado Springs                         $344,150
3200 North Nevada Avenue
ATTN: Heath
Colorado Springs,
CO 80907
Tel: (719) 633-8808

8. Rampart Supply, Inc.                                   $304,011
P.O. Box 1089
ATTN: Kathy
Colorado Springs,
CO 80901-1089
Tel: (719) 471-7200

9. Carrier West                                           $303,626
P.O. Box 847889
Dallas, TX
75284-7889
Tel: (800) 852-4973

10. Setpoint Systems                                      $236,060
8167 Southpark Circle
ATTN: David Yost
Littleton, CO 80120
Tel: (303) 733-2300

11. Colorado Mechanical Insulation                        $234,297
2090 West Bates Avenue
ATTN: Lisa Bennetts
Englewood, CO 80110
Tel: (303) 278-2942

12. Colorado Department of Revenue   Wage Withholding     $231,663
1375 Sherman                        Taxes; Sales Taxes
Street, Room 511
Denver, CO 80261

13. Daikin Applied                                        $198,010
24827 Network Place
Chicago, IL 60673

14. Siemens Industry, Inc.                                $175,392
c/o Citibank
P.O. Box 2134
ATTN: Jeannette M.
Carol Stream, IL
60132-2134
Tel: (425) 507-4414

15. Air Purification                                      $164,714
1861 West 64th Lane
Denver, CO 80221
Tel: (303) 428-2800

16. Hercules Industries, Inc.                             $134,985
P.O. Box 911434
Denver, CO
(303) 937-1000
80291-1434
Tel: (303) 937-1000

17. CD Jones - Denver                                     $111,302
Colorado Receivables
P.O. Box 2074
Shawnee, KS
66201-2074
Tel: (800) 777-0910

18. Evapco Inc.                                           $105,610
62140 COLLECTION CNTR DR
Chicago, IL
60693-0621

19. SYS -Kool                                              $94,189
11313 S 146th Street
Omaha, NE 68138

20. United Rentals                                         $93,109
P.O. Box 840514
Dallas, TX
75284-0514


HELIOS AND MATHESON: Gets Waiver for Notes Amortization Payment
---------------------------------------------------------------
Helios and Matheson Analytics, Inc., disclosed in a Form 8-K filed
with the Securities and Exchange Commission that it entered into
waiver agreements with holders of the non-convertible Senior Note,
dated as of Oct. 4, 2018, and the non-convertible Series B Senior
Notes, dated as of Dec. 18, 2018, pursuant to which the Holders
agreed to waive the first monthly amortization payment due under
the Exchange Notes on June 28, 2019, until July 31, 2019, and
agreed that the payment due on June 28, 2019 under each Exchange
Note will instead be payable on July 31, 2019.  Those waivers were
effective as of June 28, 2019.  Pursuant to the Agreements, each
Holder further agreed that no late charges, interest rate increase
or event of default exists under the Exchange Notes due to the
failure of the Company to obtain those waivers prior to June 28,
2019.  The timing and amounts of the remaining amortization
payments due under the Exchange Notes remain unchanged, and the
maturity date of the Exchange Notes remains at May 29, 2020.

                     About Helios and Matheson

Helios and Matheson Analytics Inc. -- http://www.hmny.com/-- is a
provider of information technology services and solutions, offering
a range of technology platforms focusing on big data, business
intelligence, and consumer-centric technology.  Helios and Matheson
currently owns approximately 92% of the outstanding shares
(excluding options and warrants) of MoviePass Inc., a premier
movie-theater subscription service, 100% of the outstanding
membership interests in MoviePass Ventures LLC and 51% of the
outstanding membership interests in MoviePass Films LLC.  The
Company is headquartered in New York City, has an office in Miami
Florida and has an office in Bangalore India.

Helios and Matheson reported a net loss of $150.8 million for the
year ended Dec. 31, 2017, compared to a net loss of $7.38 million
for the year ended Dec. 31, 2016.  The Company's amended balance
sheet at Sept. 30, 2018, showed $134.30 million in total assets,
$68.86 million in total liabilities, and $65.44 million in total
stockholders' equity.

The report from the Company's independent accounting firm Rosenberg
Rich Baker Berman, P.A., in Somerset, New Jersey, on the
consolidated financial statements for the year ended Dec. 31, 2017,
includes an explanatory paragraph stating that the Company has
suffered recurring losses from operations and negative cash flows
from operating activities.  This raises substantial doubt about the
Company's ability to continue as a going concern.

                  2018 Form 10-K Filing Delay

Helios and Matheson had filed a Form 12b-25 with the Securities and
Exchange Commission notifying the delay in the filing of its Annual
Report on Form 10-K for the year ended Dec. 31, 2018.  The Company
said it requires additional time to provide its independent
registered public accounting firm with the information and
documentation regarding its assessment of its internal control over
financial reporting to enable its independent registered public
accounting firm to provide the required attestation report.


HOOK AND BOIL: US Trustee Seeks Rejection of Plan and Disclosures
-----------------------------------------------------------------
David W. Asbach, Acting United States Trustee for Region 5, objects
to Hook and Boil, LLC's second amended plan and disclosure
statement.

The U.S. Trustee asserts that the Debtor is required to file
monthly operating reports, however, the Debtor is delinquent in
filing May and June monthly operating reports, so the latest
financial information is for April 2019. As of April 30, 2019, the
debtor reports a cash balance of $29,856.

In payment of UST quarterly fees, debtor sent to the UST fee
payment center check #3853, dated June 11, 2019, in the amount of
$653. The check was returned as an NSF check.

Because the debtor is delinquent in filing May and June monthly
operating reports, the UST cannot determine why a check for $653
was returned NSF in mid-June on an account that had almost $30,000
in it six weeks earlier.

The Plan should not be confirmed in light of the questions raised
regarding the financial status of the debtor’s estate after the
return of a $653 check as NSF. The debtor cannot comply with the
requirement under 11 U.S.C. section 1129(a)(11) that confirmation
is not likely to be followed by liquidation or the need for further
financial reorganization.

The Plan should not be confirmed, as the debtor’s representation
in the Plan is not correct. Page 3 of the Plan states
pre-confirmation UST fees will be paid in accordance with the
Bankruptcy Code and other statutory provisions. This is not
correct.

The U.S. Trustee requests that the Court deny confirmation of the
Proposed Plan and for such other relief as is warranted.

A copy of the Trustee's Objection is available at
https://tinyurl.com/yypkb6o2 from Pacermonitor.com at no charge.

As previously reported by the Troubled Company Reporter, the latest
plan discloses that there is a buyout provision at the end of the
lease for $1. The following equipment was purchased when the Debtor
entered into the lease agreement: Walk in Cooler, CO2 Regulators
and panels, ice bin station w/ cover, TBB-4SG back Bar with bottle
cooler, Crathco 3312 twin counter beverage dispenser and all
products, proceeds and attachments to the equipment.

A copy of the Second Amended Disclosure Statement is available at
https://tinyurl.com/yye3f8x8 from Pacermonitor.com.

                    About Hook and Boil

Hook and Boil, LLC, sought Chapter 11 protection (Bankr. W.D. La.
Case No. 18-50798) on June 28, 2018.  In the petition signed by
Mark Alleman, manager/member, the Debtor estimated assets in the
range of $100,001 to $500,000 and debt of $500,001 to $1 million.
The Debtor tapped William C. Vidrine, Esq., at Vidrine & Vidrine,
as counsel.  


IMPERIAL 290 HOSPITALITY: Unsecureds to be Paid in Full in 24 Mos.
------------------------------------------------------------------
Imperial 290 Hospitality Group, LLC filed a first disclosure
statement for its chapter 11 plan of reorganization dated July 16,
2019.

Class 3 under the plan consists of the allowed general unsecured
claims. The Claims in this class will be paid by the Reorganized
Debtor once allowed at 100% of their Claims over 24 months. The
payments will commence on the first day of the month following the
Effective Date and shall continue on the first day of each
succeeding month thereafter until the end of the payment term.

The Plan will be funded from the continuing operations of the
Debtor.

A copy of the Disclosure Statement dated July 16, 2019 is available
at https://tinyurl.com/y4tx9933 from Pacermonitor.com at no
charge.

            About Imperial 290 Hospitality Group

Imperial 290 Hospitality Group, LLC, is a privately held company
that operates in the traveler accommodation industry.

Imperial 290 Hospitality Group, based in Houston, TX, filed a
Chapter 11 petition (Bankr. S.D. Tex. Case No. 19-31500) on March
19, 2019.  In the petition signed by Shivinder Madan, manager, the
Debtor estimated $1 million to $10 million in both assets and
liabilities.  The Hon. David R. Jones oversees the case.  Joyce W.
Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC, serves as the
Debtor's bankruptcy counsel.


JACKSON OVERLOOK: Unsecureds to Get Up to 100% Under Ch. 11 Plan
----------------------------------------------------------------
Jackson Overlook Corporation and Fort Tryon Tower SPE filed a
Chapter 11 plan and accompanying disclosure statement.

Class 3 - General Unsecured Claims are impaired. Each holder of a
Class 3 Allowed General Unsecured Claim will receive one or more
distributions on a pro rata basis from the General Unsecured Claims
Distribution Amount up to 100% of the Allowed General Unsecured
Claims.

Class 2 - The Lender's Secured Mortgage Claim are impaired. In the
event of a Lender Credit Bid Plan Sale, the Lender shall receive
the Assets pursuant to the terms of the credit bid.

Class 4 - Equity Interests in Jackson Overlook Corp. are impaired.
Eligible to receive residual surplus proceeds, if any, from a
Third-Party Purchaser Plan Sale remaining after payment of all
other obligations.

The Plan will be implemented under the direction of the Plan
Administrator and will be funded by the proceeds of the Sale of the
Assets or the Lender's Plan Contribution, as may be applicable.

A full-text copy of the Disclosure Statement dated July 15, 2019,
is available at https://tinyurl.com/y3a5jqvr from PacerMonitor.com
at no charge.

                   About Jackson Overlook Corp.

Jackson Overlook Corp. owns a 100% membership interest in Fort
Tryon Tower SPE LLC. Fort Tryon owns certain real property located
in the Hudson Heights section of Manhattan at 1 Bennett Park, New
York.  The property is the site of an intended but still incomplete
23-storey, 114-unit condominium development project that was
originally scheduled to open years ago but ran into a host of
problems involving lenders, cessation of financing, cessation of
construction, and changing market conditions.

Jackson Overlook sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 18-12465) on Aug. 14,
2018. In the petition signed by Rutherford H.C. Thompson,
authorized manager, the Debtor estimated assets of $10 million to
$50 million and liabilities of $10 million to $50 million.

Goldberg Weprin Finkel Goldstein LLP is the Debtor's legal counsel.
William Henrich of Getzler Henrich & Associates LLC is the chief
restructuring officer.


KLC SAN DIEGO: Amends Plan to Modify Treatment of Secured Claims
----------------------------------------------------------------
KLC San Diego Enterprises, Inc., filed a further amended Chapter 11
plan and accompanying disclosure statement to modify the treatment
of the secured claims of UnionBank and Island Terrace, LP.

Class 1 Secured Claim of UnionBank are impaired.  The Class 1 Claim
is fully secured in that the certificate of deposit balance is
approximately $35,836.59. The certificate of deposit matures in
October of 2020. On the earlier of the first Business Day after the
Effective Date or October 15, 2019, the Debtor will pay the total
outstanding balance of $24,104.50 due and owing under the Credit
Line Agreement with the Class 1 Claimant.

If the Class 1 Claim is not so paid, the funds from the TDA will be
applied to pay the amount owed.  Any surplus funds remaining in the
TDA after payment of the Class 1 Claim pursuant to this treatment
provision shall be returned to the Debtor within 10 business days
after payment of the Class 1 Claim.  The early liquidation fee for
the TDA of $29.66 will be assessed in connection with any
withdrawal of the funds prior to the TDA's maturity date of October
12, 2020.  Pending payment of the Class 1 Claim as required herein,
all monthly payments due under
the Credit Line (which are in the amount of $100.00 per month)
shall be timely made. In the
event that the Debtor defaults on any regular monthly payment due
under the Credit Line
Agreement, the Class 1 Claimant may, following ten (10) calendar
days written notice of default to Debtor's counsel, proceed to
enforce its security interest in the TDA, and any automatic stay
and/or Plan injunction shall be deemed modified to allow and
authorize the same. Union Bank shall recommence sending monthly
statements to the Debtor which contain the monthly payment amounts
due and owing.  Except as modified herein, the Credit Line
Agreement is not modified by this Plan.  Should the Debtor or the
Class 1 Claimant default under these payment provisions, the
prevailing party in any dispute shall be entitled to recover the
full amount of its attorneys' fees and costs. The Debtor believes
that, to the extent the Class 1 Claim is paid earlier than required
under the loan documents

Class 3 consists of the Unsecured Claim of Island Terrace, LP are
impaired. Provided that all rent and other charges then due under
the lease(s) are paid in full through the date that the Debtor
vacates the real property, and provided that any amounts remaining
unpaid under the lease are paid on or before the 30th day after the
Effective Date, then any further liability of the Debtor and/or
Reorganized Debtor under the lease or any related executory
contract shall be and is extinguished.

Island Terrace, LP, has agreed to extend the deadline to assume or
reject the lease under 11 U.S.C. Section 365(d)(1) only through
August 16, 2019, whereupon the lease will be rejected by operation
of law and Debtor must vacate the subject premises in accordance
with 11 U.S.C. § 365(d)(4).  With the exception of rent and other
charges due under the lease through the date the Debtor surrenders
possession of the premises, Island Terrace, LP waives any further
liability under the lease.

Class 2 consists of the Unsecured Claim of Village Hillcrest
Partners, LP, are impaired. The holder of an Allowed Class 2 Claim
shall be paid, in full, the allowed amount of such Claim, as
limited by 11 U.S.C. Section 502(b)(6), plus interest at the
federal post-judgment rate of 2.37%6 per annum from and after the
Effective Date. Payments shall be made in 60 equal monthly
installments estimated to be $8,845.

Class 10 - All Unsecured Claims are impaired. The holder of an
Allowed Class 10 Claim shall be paid 100% of the Allowed amount of
such Claim, without interest. Payments shall be made in 60 equal
monthly installments, with the first payment due 30 days after the
Effective Date, and with each subsequent payment due one month
after the due date of the immediately preceding payment.

Class 4 consists of the Unsecured Claim of California Bank & Trust
are impaired. As of the Effective Date, in accordance with an
anticipated forbearance agreement among the holder of the Class 4
Claim, the Debtor, and 2250 4th Avenue Partners, LLC: (1) the
Debtor shall be deemed to have reaffirmed all of its obligations
under the guaranty; (2) all defaults existing under the guaranty
shall be deemed fully cured retroactively, effective as of the
Petition Date, and (3) any rights of the Class 4 Claimant relating
to acceleration, default interest, and/or other consequences of any
default under the guaranty arising before the Confirmation Date
shall be deemed satisfied and extinguished.

Class 5 consists of the Unsecured Claim of 2250 Fourth Avenue
Partnership are impaired. As of the Effective Date, the Debtor
shall be deemed to have reaffirmed all of its obligations under the
guaranty. In addition, all defaults existing under the guaranty
and/or the underlying loan documents shall be deemed fully cured
retroactively, effective as of the Petition Date, and any rights of
the Class 5 Claimant relating to acceleration, default interest,
and/or other consequences of any default under the guaranty and/or
the underlying loan documents as of the Confirmation Date shall be
deemed waived and extinguished.

Class 6 Unsecured Claim of Wells Fargo Vendor Financial Services
are impaired. The Debtor shall be deemed to have assumed the
equipment lease as of the Effective Date, and the Debtor shall pay
the Class 6 Claim in accordance with the terms of such equipment
lease. Any unpaid sums due for payments that accrued after the
Petition Date will be paid in full, in cash, on the Effective Date.
Any unpaid sums due as of the Petition Date shall be paid in full,
in cash, on the 30th day after the Effective Date.

Class 8 Claim of 2250 4th Avenue Partners, LLC are impaired. The
Debtor shall be deemed to have assumed the leases as of the
Effective Date, and the Debtor shall pay the Class 8 Claim in
accordance with the terms of such leases. Any unpaid sums due for
payments that accrued after the Petition Date will be paid in full,
in cash, on the later of the Effective Date or when due under the
lease.

Class 9 Administrative Convenience Class are impaired. the holder
of an Allowed Class 9 Claim shall be paid in cash, 100% of the
allowed amount of such Claim. Each Allowed Class 9 Claim shall be
paid in two equal installments commencing 30 days after the later
of (i) the Effective Date, or (ii) the date such Class 9 Claim
becomes an Allowed Claim.

The Plan is a full payment Plan whereby the Reorganized Debtor will
remain current on all debts arising post-confirmation while using
income generated from operations to pay Claims as provided for in
the Plan.

The Court will hold a hearing with respect to confirmation of the
Plan will be held on July 29, 2019, at 3:00 p.m., by Five Honorable
Christopher B. Latham.

A full-text copy of the Disclosure Statement dated July 15, 2019,
is available at https://tinyurl.com/yxl4vpsc from PacerMonitor.com
at no charge.

A redlined version of the Disclosure Statement dated July 15, 2019,
is available at https://tinyurl.com/y33x3abr from PacerMonitor.com
at no charge.

The Amended Plan was filed by K. Todd Curry, Esq., at Curry
Advisors, A Professional Law Corporation, in San Diego, California,
on behalf of the Debtor.

             About KLC San Diego Enterprises

KLC San Diego Enterprises, Inc., filed its Articles of
Incorporation in California on May 18, 2000, according to public
records filed with the California Secretary of State.  It operates
in the offices of real estate agents and brokers industry.

KLC San Diego Enterprises sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Cal. Case No. 18-07336) on Dec. 11,
2018.  At the time of the filing, the Debtor estimated assets of
less than $500,000 and liabilities of $1 million to $10 million.
The case has been assigned to Judge Christopher B. Latham.  Curry
Advisors is the Debtor's counsel.


LEE ENTERPRISES: Moody's Affirms B3 CFR, Outlook Stable
-------------------------------------------------------
Moody's Investors Service affirmed Lee Enterprises, Incorporated's
B3 Corporate Family Rating and B3-PD Probability of Default Rating.
Moody's also affirmed the B2 rating on $400 million 1st lien senior
secured notes. The company's Speculative Grade Liquidity Rating was
lowered to SGL-3 from SGL-2 due to the near term maturity of its
revolver and increased refinancing risk to the company's longer
tenor term debt.

Affirmations:

Issuer: Lee Enterprises, Incorporated

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Gtd Senior Secured 1st lien Global Notes, Affirmed B2 (LGD3)

Downgrades:

Issuer: Lee Enterprises, Incorporated

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

Outlook Actions:

Issuer: Lee Enterprises, Incorporated

Outlook, Remains Stable

RATINGS RATIONALE

Lee's B3 corporate family rating reflects persistent pressure on
the company's newspaper print advertising revenue and its high
leverage tempered by good local market positions of its newspapers,
online properties and commitment to debt reduction. Revenue is
vulnerable to cyclical client spending on advertising and to
changing consumer media usage away from print towards digital
advertising revenue. Lee's digital advertising revenue has grown at
5% year over year to 32% of total advertising revenue for FY 2018.
Debt-to-EBITDA leverage (4.0x LTM March 2019, incorporating Moody's
standard adjustments) is high for the newspaper industry, making
the company vulnerable to a restructuring in the event of economic
weakness in key markets or regions. Moody's views the relatively
stable economic performance of Lee's markets and management's
revenue initiatives as well as strong operating margins led by cost
management initiatives as factors contributing to less revenue
pressure for Lee compared to the industry. Relative to larger metro
markets, competitive intensity is somewhat lower in the small to
mid-sized markets that comprise the majority of the company's
footprint because there are fewer alternative news providers which
contributes to Lee's ability to generate consistent leading
industry EBITDA margins, currently at 24%. Lee's growth of its
TownNews segment which contributed over $20 million in revenue over
the last twelve months as well as its management agreement with BH
Media Group provide for additional revenue expansion to mitigate
secularly challenging trends in print publishing.

Moody's expects newspapers will continue to face growing
competition. Technology-driven changes in media consumption and
shifts by advertisers away from print publications are the primary
risks creating ongoing pressure on revenue and margins. Lee's
subscription revenues increased slightly in 2018 and Moody's
expects subscription revenues to be flat to slightly down in 2019.
Moody's projects Lee will generate positive free cash flow in a
range of 9% to 11% of debt over the next 12 months factoring in
mid-single digit percentage projected revenue and EBITDA declines.
Generating sufficient free cash flow for debt repayment is
important for Lee to maintain its B3 rating. Liquidity is adequate
with $21.4 million available under the $27 million super-priority
revolver plus approximately $17 million of cash on the balance
sheet. The revolving credit facility steps down to $23.12 million
on July 31, 2019.

The stable rating outlook reflects the company's adequate liquidity
and Moody's view that Lee will address its maturing super-priority
revolver which expires in December 2019. To the extent that the
revolver is not refinanced, Moody's anticipates that Lee will be
able to cover its letter of credit needs via cash collateral, which
may reduce the pace of its discretionary debt repayment, which has
ranged between $60 - $100 million over the last three years.
Moody's expects revenue and EBITDA to continue declining by
mid-single digits. The outlook incorporates its expectation that
debt-to-EBITDA leverage will be at or just below 4x (including
Moody's standard adjustments) by the end of fiscal 2020. The
outlook also reflects Lee's good positive free cash flow generation
and track record for reducing debt balances, consistent with its
long term leverage target. The outlook does not incorporate
distribution to shareholders, debt financed acquisitions, or an
acceleration in the decline of demand for print advertising in
Lee's markets.

Revenue and EBITDA stability, improved debt-to-EBITDA ratios that
are expected to be sustained below 3.75x (including Moody's
standard adjustments), and free cash flow-to-debt ratios in the
high single digit percentage range or more could lead to an
upgrade. Lee would also need to maintain good liquidity, and
Moody's would need to be confident that the company could refinance
maturities as they come due.

Failure to address material debt maturities well in advance of them
becoming current may lead to a negative rating action. Ongoing
revenue declines not matched by cost reductions, economic weakness
in one or more key markets, debt financed acquisitions, or cash
distributions to shareholders resulting in free cash flow-to-debt
in the low single digit percentage range (including Moody's
standard adjustments) could also result in a downgrade. Ratings
could also be downgraded if the company fails to apply most of its
free cash flow to repay debt or if the company is not able to
reduce debt-to-EBITDA below current levels.

The principal methodology used in these ratings was Media Industry
published in June 2017.

Lee Enterprises, Incorporated, headquartered in Davenport, IA, is
one of the larger newspaper companies in the U.S. The company was
founded in 1890 and provides local news, information, and
advertising primarily in midsize markets, with 50 daily newspapers
and a joint interest in four others, digital products and nearly
300 specialty publications in 20 states. Lee's markets include St.
Louis, MO; Lincoln, NE; Madison, WI (50% JV).; Davenport, IA,
Billings, MT; Bloomington, IL, and Tucson, AZ (50% JV). The company
filed for bankruptcy protection in December 2011 and emerged 50
days later. As intended by management, the bankruptcy extended the
maturities of its term loans in return for higher interest rates or
equity incentives, and all of the debt was refinanced without a
loss of principal. The company is publicly traded with common
shares being widely held. Revenue for the 12 months ended March
2019 totaled $531 million.


LOANCORE CAPITAL: Moody's Affirms B1 CFR & Alters Outlook to Stable
-------------------------------------------------------------------
Moody's Investors Service affirmed LoanCore Capital Markets LLC's
B1 long-term corporate family rating and B1 senior unsecured
rating. The outlook was changed to stable from negative.

Moody's has taken the following rating actions:

Corporate Family Rating, affirmed at B1

Senior unsecured rating, affirmed at B1

Outlook, changed to stable from negative

While the ratings affirmation reflects Moody's view of the firm's
unchanged credit profile, the change in outlook to stable from
negative was prompted by Moody's expectation that LCM's healthy
capital level mitigates its evolving business strategy.

RATINGS RATIONALE

Moody's said the ratings affirmation reflects Moody's unchanged
assessment of LCM's B1 standalone assessment, supported by good
profitability and adequate capital but also takes into
consideration the firm's concentration in the highly cyclical
commercial real estate sector and its heavy reliance on short-term
secured funding.

LCM's profitability has been healthy with minimal credit losses
since inception in 2011, although its earnings exhibit a
significant degree of volatility from its securitization strategy.
In addition, the firm has been operating amidst generally favorable
market conditions over its short operating history.

In recent years, LCM has evolved its business strategy to focus on
the retention of the junior tranches, or "B-pieces", of the
commercial loan securitizations the firm sponsors. Although this
strategy has introduced additional credit risk, LCM's capital
adequacy sufficiently mitigates the increased risk from holding the
B-pieces.

Moody's said that LCM's funding profile is a key ratings
constraint. The firm's funding is characterized by creditor
concentrations on primary funding facilities, high reliance on
secured funding that includes market-based margin calls, and debt
maturity concentrations over the next two years, including
repurchase facilities and $300 million of senior unsecured notes.

The change in outlook to stable from negative reflects Moody's
expectation that LCM will internally fund or refinance the upcoming
maturity on its $300 million of senior unsecured notes due in June
2020. The stable outlook also reflects Moody's expectation that
LCM's capitalization will remain broadly unchanged over the next
12-18 months, mitigating the increased risk from the firm's
evolving strategy.

WHAT COULD CHANGE THE RATINGS UP/DOWN

The ratings could be upgraded if LCM demonstrates strong financial
performance without materially increasing its leverage, maintains
high asset quality over a sustained period of time, and diversifies
its funding profile. Increased revenue diversification and
expansion into less volatile operations would also be positive for
the ratings.

The ratings could be downgraded if LCM experiences challenges or
delays in generating the liquidity needed to pay off its $300
million notes due in June 2020. Any deterioration in profitability
as a result of increased competitive pressures and/or weakening of
its asset quality, leading to erosion of its equity, would also
exert downward ratings pressure. The ratings could also be
downgraded if the company experiences funding or liquidity
challenges, reducing its existing cushions, if its exposure to
market-based margin calls increases due to a change in terms of its
credit facility agreements, or if it loses its affiliation with
main institutional owners.

The principal methodology used in these ratings was Finance
Companies published in December 2018.


LUXURY LIMOUSINE: Modifies Treatment of Fleetway Leasing Claims
---------------------------------------------------------------
Luxury Limousine Service, Inc., filed a Second Amended Chapter 11
Plan and accompanying Second Amended Disclosure Statement

The Second Amended Plan discloses that the Debtor received bills of
sale from Fleetway Leasing indicating that the vehicles leased by
the Debtor through Fleetway Leasing were paid in full and each
vehicle has a zero balance due on the lease.  The Debtor is due the
titles, free and clear of any lien, from Fleetway Leasing. The
final payments were made post-petition.

The treatment of Class 4 General Unsecured Claims, which are
impaired, is modified to provide that each holder of an Allowed
Class 4 claim shall be paid, pro rata, once the payments to Class 4
begin. Class 4 claims shall be paid out of (a) Debtor's future
earnings and (b) the net proceeds of any recoveries by the Debtor
on account of any Causes of Action, after payment of all Claims in
Classes 1 through 3. No interest shall be paid on Class 4 Claims.

The Debtor will treat the claim of Titus Leasing (Claim 7) as
general unsecured claim in the
amount of $19,195.18 and avoid the lien.  The lien is unsecured as
the Debtor owns no real estate.

The Secured Creditor Claim filed by Titus Leasing will be, for the
purposes of the Chapter 11 Plan, treated as unsecured as the
judgment is limited to the value of the Debtor's assets and is
therefore not secured and the lien will be avoided. An objection to
claim will be filed by the Debtor.

The Secured Creditor Claim filed by Fleetway Leasing will be, for
the purposes of the Chapter 11 Plan, treated as unsecured as the
Debtor has receipts from Fleetway Leasing indicating the leases
were paid in full and that each vehicle has a balance due of zero
dollars ($0.00). An objection to claim will be filed by the
Debtor.

The Secured Creditor Claim of Prime Rate Premium Finance is being
paid outside the Plan via monthly premium payments and therefore
the Secured Claim will not be paid in the Plan.

The Claim was withdrawn by Prime Rate Premium Finance.  The Debtor
will treat Phelps Transportation (no claim filed) as a general
unsecured claim in the amount of $0.00 as the vehicle was
surrendered

Class 3 Claims of the Advantage Funding, Fleetway Leasing, Internal
Revenue Service, Madison Capital, and Pennsylvania Department of
Revenue, Prime Rate Premium Finance and Titus Leasing are impaired.
Each holder of an Allowed Secured Creditor Claim shall be paid the
amount of such Allowed Secured Creditor Claim.

Payments and distributions under the Plan will be funded by
Debtor's continued operation as transportation service company. The
funds shall be generated from the revenues of the reorganized
Debtor.

A full-text copy of the Second Amended Disclosure Statement dated
July 15, 2019, is available at https://tinyurl.com/y4d7u3gg from
PacerMonitor.com at no charge.

The Second Amended Plan was filed by Stephen V. Bottiglieri, Esq.,
at Bottiglieri Law, LLC, in Woodbury, New Jersey, on behalf of the
Debtor.

                   About Luxury Limousine Service

Luxury Limousine Service, Inc., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 18-13574) on May
31, 2018.  In the petition signed by Perry Camerlengo, president,
the Debtor estimated assets of less than $1 million and liabilities
of less than $1 million.  The Debtor tapped Bottiglieri Law, LLC as
its legal counsel.


MCCLATCHY CO: Seeking Waiver of Minimum Pension Plan Contribution
-----------------------------------------------------------------
The McClatchy Company said in a Form 8-K filed with the Securities
and Exchange Commission that it is requesting a waiver of the
minimum required contribution under its pension plan because
contributions are expected to exceed the Company's ability to pay
them in the next 14 months.

As previously disclosed in its Form 10-Q for the period ended March
31, 2019, McClatchy stated that The McClatchy Company Retirement
Plan had a total unfunded liability estimated to be $535 million as
of March 31, 2019, with total assets of $1.31 billion and
liabilities estimated to be $1.85 billion.  Further, the Company
disclosed that it expects to have material contributions to the
pension plan in the future and that it would seek relief that is
allowed under existing Employee Retirement Income Security Act
regulations and/or other legislative relief to mitigate the impact
of these expected required contributions. The Company submitted an
application for a waiver of the minimum required contributions
under the pension plan in accordance with section 412 of the
Internal Revenue Code for the 2019, 2020 and 2021 plan years with
the Internal Revenue Service (IRS).

Minimum required contributions for the Company's fiscal year 2020
are estimated to be approximately $120 million, which would be paid
in installments beginning in April 2020 with the bulk of those
payments due Sept. 15, 2020 or afterwards.

The Company expects to make a required pension contribution under
ERISA of approximately $3.0 million in the fourth quarter of 2019
and even if one or more of the waivers are granted by the IRS, the
Company expects to have material contributions to the pension plan
in the future.  According to McClatchy, there can be no assurance
that the IRS will grant the waivers, and the Company does not
intend to provide periodic updates prior to a definitive ruling on
the waivers by the IRS, which is expected to take some time.  If
the waivers are not granted, it would have a material adverse
effect on the Company's liquidity.

                        About McClatchy

The McClatchy Company -- http://www.mcclatchy.com/-- operates 30
media companies in 14 states, providing each of its communities
with news and advertising services in a wide array of digital and
print formats.  McClatchy is a publisher of iconic brands such as
the Miami Herald, The Kansas City Star, The Sacramento Bee, The
Charlotte Observer, The (Raleigh) News & Observer, and the (Fort
Worth) Star-Telegram.  McClatchy is headquartered in Sacramento,
Calif., and listed on the New York Stock Exchange American under
the symbol MNI.

McClatchy reporting a net loss of $79.75 million for the year ended
Dec. 30, 2018, compared to a net loss of $332.35 million for the
year ended Dec. 31, 2017.  As of March 31, 2019, McClatchy had
$1.30 billion in total assets, $173.79 million in current
liabilities, $1.48 billion in non-current liabilities, and
shareholders' deficit of $360.65 million.

                           *    *    *

In March 2018, S&P Global Ratings lowered its corporate credit
rating on The McClatchy Co. to 'CCC+' from 'B-'.  The rating
outlook is stable.  "The downgrade reflects our view that
McClatchy's capital structure is unsustainable at current leverage
and discretionary cash flow (DCF) levels.  Still, we don't expect a
default to occur during the next 12 months. McClatchy has no
imminent liquidity concerns, full availability on its $65 million
revolving credit facility due 2019, low capital expenditures, and
it generates positive DCF.

McClatchy continues to hold Moody's Investors Service's "Caa1"
corporate family rating.  In December 2015, Moody's affirmed the
"Caa1" corporate family rating rating and changed the rating
outlook to stable from positive due to continued weakness in the
print advertising market and the ongoing pressure on the company's
operating cash-flow.  McClatchy's "Caa1" Corporate Family Rating
reflects persistent revenue pressure on the company's newspaper and
print operations, reliance on cyclical advertising spending, and
its high leverage including a large underfunded pension.


MELINTA THERAPEUTICS: FMR LLC is No Longer a Shareholder
--------------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission on July 9, 2019, FMR LLC and Abigail P. Johnson
disclosed that they have ceased to beneficially own shares of
common stock of Melinta Therapeutics Inc.

On Feb. 13, 2019, FMR LLC and Abigail P. Johnson reported
beneficial ownership of 2,873,764 Common Shares or 5.129% equity
stake.

Members of the Johnson family, including Abigail P. Johnson, are
the predominant owners, directly or through trusts, of Series B
voting common shares of FMR LLC, representing 49% of the voting
power of FMR LLC.  The Johnson family group and all other Series B
shareholders have entered into a shareholders' voting agreement
under which all Series B voting common shares will be voted in
accordance with the majority vote of Series B voting common shares.
Accordingly, through their ownership of voting common shares and
the execution of the shareholders' voting agreement, members of the
Johnson family may be deemed, under the Investment Company Act of
1940, to form a controlling group with respect to FMR LLC.

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

                      https://is.gd/gEyeMY

                   About Melinta Therapeutics

New Haven, Connecticut-based Melinta Therapeutics, Inc. --
http://www.melinta.com/-- is a commercial-stage pharmaceutical
company focused on discovering, developing and commercializing
differentiated anti-infectives for the hospital and select
non-hospital, or community, settings that address the need for
effective treatments for infections due to resistant gram-negative
and gram-positive bacteria.  The Company currently market four
antibiotics to treat a variety of infections caused by these
resistant bacteria.

Melinta reported a net loss available to common shareholders of
$157.2 million for the year ended Dec. 31, 2018, compared to a net
loss available to common shareholders of $78.17 million for the
year ended Dec. 31, 2017.  As of March 31, 2019, the Company had
$470.44 million in total assets, $293.93 million in total
liabilities, and $176.51 million in total shareholders' equity.

Deloitte & Touche LLP, in Chicago, Illinois, issued a "going
concern" opinion in its report on the Company's consolidated
financial statements for the year ended Dec. 31, 2018.  The
auditors noted that the Company's recurring losses from operations
and its need to obtain additional capital raise substantial doubt
about its ability to continue as a going concern.


MELINTA THERAPEUTICS: Reports Preliminary Second Quarter Results
----------------------------------------------------------------
Melinta Therapeutics, Inc. reported preliminary and unaudited
financial results and provided a corporate update for the second
quarter ended June 30, 2019.

"Melinta's preliminary second quarter 2019 results demonstrate that
the actions taken to improve upon the Company's operational and
financial efficiencies are continuing to drive progress," said John
H. Johnson, chief executive officer of Melinta.  "As we enter into
the third quarter of 2019, we remain focused on driving sales
efforts, preparing for the potential Baxdela (delafloxacin)
community-acquired bacterial pneumonia (CABP) approval and launch,
while also continuing to identify additional ways to reduce
expenses.  We believe in the strength of our long-term strategy to
best position Melinta for future success and remain committed to
delivering upon our mission of leading the global fight against
antimicrobial resistance and providing antibiotic solutions to
patients and healthcare providers."

Preliminary Second Quarter 2019 Financial Results

Melinta anticipates that it will report net product sales of
approximately $13.8 million for the second quarter of 2019, which
is an increase of 51 percent over the second quarter of 2018 and an
increase of 17 percent over the first quarter of 2019.

Melinta also expects to report quarter-end cash and cash
equivalents of approximately $90 million, and the Company is
targeting to reduce full-year 2019 operating expenses by
approximately $70 million.

The figures in the foregoing sentences are all based upon
preliminary estimates and remain subject to change as the Company
finalizes its results for the second quarter of 2019.

The Company will announce its full second quarter 2019 financial
results on Aug. 7, 2019 at 8:30 a.m. ET and plans to host a
conference call at that time.

Recent Corporate Updates

  * On July 10, The World Health Organization (WHO) added
    Vabomere (meropenem and vaborbactam) to its Essential
    Medicines List for its ability to target multidrug-resistant
    infections caused by pathogens deemed a "critical priority"
    by the WHO, including carbapenem-resistant Enterobacteriaceae

  * The U.S. Food and Drug Administration (FDA) recently accepted
    for priority review a supplemental New Drug Application
   (sNDA) for Baxdela (delafloxacin) seeking to expand the
    current indication to include adult patients with community-
    acquired bacterial pneumonia (CABP); the FDA has assigned a
    Prescription Drug User Fee Act (PDUFA) action date (proposed
    review deadline) of Oct. 24, 2019

  * Sixteen scientific presentations and posters of portfolio and
    pipeline data have been accepted for presentation at the
    Infectious Diseases Society of America IDWeek 2019 meeting,
    being held Oct. 1 – 6, 2019 in Washington, D.C. and at the
    American College of Chest Physicians (ACCP) CHEST Meeting,
    being held Oct. 19 – 23, 2019 in New Orleans, LA

Second Quarter 2019 Conference Call and Webcast

Melinta's earnings conference call for the second quarter of 2019
will be broadcast at 8:30 a.m. ET on Aug. 7, 2019.  Investors
wishing to participate in the call should dial: 877-377-7553 and
international investors should dial: 253-237-1151, using the
conference ID# 5166674.  A live webcast of the call will be
available online from the Investor Relations section of the company
website at www.melinta.com and will be archived there for 30 days.
A telephone replay of the call will be available by dialing
855-859-2056 for domestic callers or 404-537-3406 for international
callers and entering the conference ID# 5166674.

                   About Melinta Therapeutics

New Haven, Connecticut-based Melinta Therapeutics, Inc. --
http://www.melinta.com/-- is a commercial-stage pharmaceutical
company focused on discovering, developing and commercializing
differentiated anti-infectives for the hospital and select
non-hospital, or community, settings that address the need for
effective treatments for infections due to resistant gram-negative
and gram-positive bacteria.  The Company currently market four
antibiotics to treat a variety of infections caused by these
resistant bacteria.

Melinta reported a net loss available to common shareholders of
$157.2 million for the year ended Dec. 31, 2018, compared to a net
loss available to common shareholders of $78.17 million for the
year ended Dec. 31, 2017.  As of March 31, 2019, the Company had
$470.4 million in total assets, $293.9 million in total
liabilities, and $176.5 million in total shareholders' equity.

Deloitte & Touche LLP, in Chicago, Illinois, issued a "going
concern" opinion in its report on the Company's consolidated
financial statements for the year ended Dec. 31, 2018.  The
auditors noted that the Company's recurring losses from operations
and its need to obtain additional capital raise substantial doubt
about its ability to continue as a going concern.


MESABI METALLICS: CBI, EIBI Loses Summary Judgment Bid vs U.S. Bank
-------------------------------------------------------------------
District Judge Edgardo Ramos denied Plaintiffs Central Bank of
India and Export-Import Bank of India's motion for partial summary
judgment declaring that U.S. Bank breached the contract in the case
captioned CENTRAL BANK OF INDIA and EXPORT-IMPORT BANK OF INDIA,
Plaintiffs, v. U.S. BANK NATIONAL ASSOCIATION, Defendant, No. 18
Civ. 534 (ER) (S.D.N.Y.).

CBI and EIBI alleged that U.S. Bank violated the terms of their
contract by objecting in a bankruptcy proceeding to Plaintiffs'
claim to rights in certain collateral.

This case arises from the bankruptcy and closing of Essar Steel
Minnesota LLC, a company formed to develop and operate an iron ore
pellet mine and production facility in northern Minnesota. To
secure equipment and services for the mine's construction, ESML
entered into a Supply and Engineering Contract with its affiliate,
Essar Projects (India), Limited.

In order to fulfill its contract with ESML, beginning in 2010, EPIL
signed a series of facility agreements with Plaintiffs wherein
Plaintiffs agreed to lend EPIL up to 900 crore Indian Rupees.
Plaintiffs' loans were secured by ESML's collateral, not EPIL's.
Plaintiffs are referred to as the "Supplier Credit Lenders."
Contemporaneously, ESML borrowed money from another syndicate of
banks, led by ICICI Bank. This syndicate is referred to as the
"Project Finance Lenders."

By the summer of 2014, ESML needed additional funding to move
forward with the mine. Pursuant to its security obligations to the
Supplier Credit Lenders and the Project Finance Lenders, ESML had
to have the consent of the two lending syndicates before offering
any more of its collateral to raise debt. The two syndicates
ultimately agreed to let ESML grant a security interest to a third
syndicate of lenders, the "Term Loan Lenders," for which U.S. Bank
serves as the loan agent. Thus, on Sept. 30, 2014, the Collateral
Agency and Intercreditor Agreement was signed by ESML, its
then-parent ESML Holdings, Inc., ICICI as facility agent for the
Project Finance Lenders, CBI as facility agent for the Supplier
Credit Lenders, U.S. Bank as the term loan agent for the Term Loan
Lenders, and Wells Fargo Bank Northwest N.A., as the security
agent.

The Intercreditor Agreement describes ESML's obligations to each of
the three syndicates of secured lenders.

Plaintiffs argue that section 2.2 of the Intercreditor Agreement
clearly bars secured lenders from objecting to their claim. That
section prohibits each secured party from "challeng[ing] or
question[ing] in any proceeding the validity or enforceability of
any Secured Obligations of any Series or any Security Document . .
. ." Section 9.3 affirms that the terms of the Agreement continue
in full force and effect in the event of ESML's bankruptcy. Thus
section 2.2, on its face, bars the challenged conduct of U.S. Bank
in the bankruptcy action.

Plaintiffs also argue that the context at the time the
Intercreditor Agreement was signed, namely the poor financial
health of ESML and U.S. Bank's status as a new creditor, shows that
unless the Intercreditor Agreement prohibits the secured parties
from challenging each other's claims in bankruptcy, it is
pointless. But the Intercreditor Agreement contains many provisions
other than section 2.2. As Plaintiffs repeatedly point out, for
example, it provides that the secured parties all have pari passu
rights to ESML's collateral. More to the point, summary judgment
should be denied where the Court must resort to such extrinsic
evidence of intent to determine the meaning of a contract.

The Court holds that the Intercreditor Agreement does not
unambiguously bar the secured lenders from objecting to each
other's claims in an insolvency proceeding. Plaintiffs thus have
failed to show that no genuine dispute of material fact exists as
to whether U.S. Bank breached the Agreement. Summary judgment is
therefore denied.

A copy of the Court's Opinion and Order dated March 14, 2019 is
available at https://bit.ly/32D08ex from Leagle.com.

Central Bank of India & Export-Import Bank of India, Plaintiffs,
represented by David Ian Greenberger , Bailey Duquette P.C., Eric
Wertheim , Bailey Duquette PC & James Duncan Bailey , Bailey
Duquette PC.

U.S. Bank National Association, Defendant, represented by Benjamin
Isidore Finestone , Quinn Emanuel Urquhart & Sullivan.

               About Essar Steel Minnesota

Essar Steel Minnesota LLC, now known as Mesabi Metallics Company
LLC, and ESML Holdings Inc. filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case Nos. 16-11627 and 16-11626) on July
8, 2016.  Madhu Vuppuluri, president and CEO, signed the
petitions.

ESML Holdings Inc. estimated assets at $1 billion to $10 billion
and debt at $500 million to $1 billion.  Essar Steel Minnesota LLC
estimated assets and debt at $1 billion to $10 billion.

Judge Brendan Linehan Shannon is the case judge.

Craig H. Averich, Esq., at White & Case LLP and John L. Bird, Esq.,
and Jeffrey M. Schlerf, Esq., at Fox Rothschild LLP, serve as
counsel to the Debtors.  Epic Bankruptcy Solutions, LLC, serves as
claims and noticing agent.

Andrew Vara, acting U.S. trustee for Region 3, on July 20, 2016,
appointed the official committee of unsecured creditors of ESML
Holdings, Inc., and its affiliates.  The Committee retained Andrew
K. Glenn, at Kasowitz Benson Torres & Friedman LLP, to act as
counsel.  Garvan F. McDaniel, at Hogan McDaniel, act as Delaware
counsel.  David MacGreevey, at Zolfo Cooper, LLC, is the
Committee's financial advisor.


MICROVISION INC: Files Form 10-Q for Second Quarter
---------------------------------------------------
MicroVision, Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $8.99 million on $1.24 million of total revenue for the three
months ended June 30, 2019, compared to a net loss of $8.45 million
on $2.01 million of total revenue for the same period last year.

For the six months ended June 30, 2019, the Company reported a net
loss of $17.05 million on $3.09 million of total revenue compared
to a net loss of $15.59 million on $4.20 million of total revenue
for the six months ended June 30, 2018.

As of June 30, 2019, the Company had $14.24 million in total
assets, $18.97 million in total liabilities, and a total
shareholders' deficit of $4.73 million.

The Company has incurred significant losses since inception.  The
Company has funded operations to date primarily through the sale of
common stock, convertible preferred stock, warrants, the issuance
of convertible debt and, to a lesser extent, from development
contract revenues, product sales, and licensing activities.  At
June 30, 2019, the Company had $4.6 million in cash and cash
equivalents.

"Based on our current operating plan that includes expected
proceeds from a development contract signed in April 2017 with a
major technology company, and with anticipated future proceeds from
the sale of shares under our existing Purchase Agreement with
Lincoln Park, we anticipate that we have sufficient cash and cash
equivalents to fund our operations into the fourth quarter of
2019," said MicroVision in the Quarterly Report.  "We will require
additional capital to fund our operating plan past that time.  We
plan to obtain additional capital through the issuance of equity or
debt securities, product sales and/or licensing activities.  There
can be no assurance that additional capital will be available to us
or, if available, will be available on terms acceptable to us or on
a timely basis.  If adequate capital resources are not available on
a timely basis, we intend to consider limiting our operations
substantially.  This limitation of operations could include
reducing investments in our production capacities, research and
development projects, staff, operating costs, and capital
expenditures."

Under the April 2017 development contract, the Company received an
upfront payment of $10.0 million in 2017 with a major technology
company.  If the major technology company decides to manufacture
the product with the MicroVision display components, the $10.0
million upfront payment would be applied as a prepayment to future
component purchases from the Company.  Based on current pricing and
cost estimates, the amount of per unit prepayment is greater than
the Company's estimated per unit gross profit and therefore will
have a negative impact on its reported cash flow from operating
activities until the upfront payment has been earned.

The Company said these factors raise substantial doubt regarding
its ability to continue as a going concern.

Cash used in operating activities totaled $16.4 million during the
six months ended June 30, 2019 compared to cash used in operating
activities of $12.3 million during the same period in 2018.  The
change in cash flows from operating activities is primarily
attributed to the timing of payments received from customers and
payments made to suppliers during the six months ended June 30,
2019 compared to the same period in 2018.

During the six months ended June 30, 2019 and 2018, net cash used
in investing activities was $513,000 and $502,000, respectively,
and was primarily attributed to purchases of property and
equipment.

                      Financing activities

In April 2019, the Company raised $2.0 million before issuance
costs of approximately $34,000 through a registered direct offering
of 2.3 million shares of its common stock to a private investor.

In April 2019, the Company entered into a Common Stock Purchase
Agreement with Lincoln Park Capital Fund, LLC (Lincoln Park)
granting the Company the right to sell shares of its common stock
having an aggregate value of up to $11.0 million.  Under the terms
of the agreement, Lincoln Park made an initial purchase of $1.0
million in shares of common stock at a purchase price of $0.98 per
share.  Subject to various limitations and conditions set forth in
the agreement, the Company may sell up to an additional $10.0
million in shares of common stock, from time to time, at its sole
discretion to Lincoln Park over a 24-month period beginning April
2019.  In consideration for entering into the agreement, the
Company issued 250,000 shares of its common stock, having a value
of $258,000, based on the closing stock price at the date of grant,
to Lincoln Park as a commitment fee. The Company incurred an
additional $92,000 in issuance costs.  As of June 30, 2019, the
Company has raised a total of $4.6 million under this agreement.

In January 2019, the Company raised $1.2 million before issuance
costs of approximately $26,000 through a registered direct offering
of 2.0 million shares of its common stock to a private investor.

In December 2018, the Company raised $4.2 million before issuance
costs of approximately $524,000 through an underwritten public
offering of 7.0 million shares of its common stock.

In June 2018, the Company raised $18.0 million before issuance
costs of approximately $1.4 million through an underwritten public
offering of 14.4 million shares of its common stock.

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

                      https://is.gd/AWlqIi

                       About MicroVision

Based in Redmond, Washington, MicroVision, Inc. --
http://www.microvision.com-- is the creator of PicoP scanning
technology, an ultra-miniature laser projection and sensing
solution for mobile consumer electronics, automotive head-up
displays and other applications.  PicoP scanning technology is
based on the Company's patented expertise in micro-electrical
mechanical systems (MEMS), laser diodes, opto-mechanics, and
electronics and how those elements are packaged into a small form
factor, low power scanning engine that can display, interact and
sense, depending on the needs of the application.

MicroVision reported a net loss of $27.25 million for the year
ended Dec. 31, 2018, compared to a net loss of $25.48 million for
the year ended Dec. 31, 2017.  As of March 31, 2019, the Company
had $17.20 million in total assets, $19.63 million in total
liabilities, and a total shareholders' deficit of $2.43 million.

Moss Adams LLP, in Seattle, Washington, issued a "going concern"
qualification in its report on the Company's consolidated financial
statements for the year ended Dec. 31, 2018.  The auditors noted
that the Company has suffered recurring losses from operations and
has an accumulated deficit that raise substantial doubt about its
ability to continue as a going concern.


MIDATECH PHARMA: Reveals Positive Results From MTX102 Study in Man
------------------------------------------------------------------
Midatech Pharma PLC has announced positive results from a first in
human study of its MTX102 immuno-tolerising vaccine product
candidate in diabetes.

The focus of this Phase I study is to assess the safety of MTX102.
Five recently diagnosed Type I diabetes patients, all meeting
strict genetic parameters, were recruited onto the study and
received the study drug.  MTX102 was well tolerated, with
asymptomatic local injection site reactions being the only
drug-related finding, and no serious adverse events were reported.

This is an important study of systemic injectable administration of
Midatech's gold nanoparticle technology, MidaCore.  It provides
promising safety validation of the MidaCore technology as a
platform for the development of medications for use in humans.

Colin Dayan, principal Investigator, said "This EU project brings
together a consortium comprising eight complementary partners,
including two small and medium enterprises, one technology transfer
company and five academic laboratories, from four EU states (UK,
France, the Netherlands and Sweden) and Israel.  We are pleased to
have completed the initial project, based on Midatech's gold
nanoparticle technology, to evaluate a vaccine approach for the
treatment of Type 1 diabetes.  The study now enters a follow up
stage, at the end of which we will review the data and programme,
together with the EU consortium partners.

Craig Cook, CEO of Midatech Pharma PLC, commented: "This EU funded
programme is an invaluable project to further develop, understand
and evaluate Midatech's gold nanoparticle technology, MidaCore.
This is the first human study to assess the safety of MidaCore when
injected into patients, and we are pleased that the data generated
to date validates the technology as a potentially innovative
treatment platform for medical applications."

The aim of the study to assess safety has been achieved and no
further patients will be recruited.  All patients on the trial will
now enter the follow up phase which will conclude around Q1 2020.

MTX102 is based on Midatech's MidaCore technology platform of
ultra-small gold nanoparticle drug conjugates.  MidaCore is being
developed as an immunotherapeutic as well as a chemotherapeutic
platform.  In vaccines it represents an innovative approach that
takes advantage of the multifunctional properties of gold
nanoparticles to combine immunogenic peptides and tolerising agents
and deliver them more efficiently to immune cells to dampen down
autoimmune responses in diseases such as diabetes.

Midatech is part of a consortium of academic institutions and
industry partners investigating the potential of MTX102 as a
vaccine to prevent or limit the damage that occurs when the body
attacks its own insulin producing cells in the pancreas.  This
project is funded by the European Union up to the completion of
Phase I study.

                     About Midatech Pharma

Midatech Pharma PLC -- http://www.midatechpharma.com/-- is an
international specialty pharmaceutical company focused on the
research and development of medicines for rare cancers, via both
in-house programs as well as partnered programs.  Midatech is
headquartered in Cardiff, Wales.  

Midatech reported a net loss attributable to the owners of the
parent of GBP15.03 million for the year ended Dec. 31, 2018,
compared to a net loss attributable to owners of the parent of
GBP16.06 million for the year ended Dec. 31, 2017.  As of Dec. 31,
2018, the Company had GBP20.44 million in total assets, GBP3.52
million in total liabilities, and GBP16.92 million in total
equity.

Midatech said "We have incurred significant net losses and have had
negative cash flows from operations during each period from
inception through December 31, 2018, and had an accumulated deficit
of GBP89.72 million at December 31, 2018.  We have yet to generate
a profit and, excluding share issues, cash flows have been
consistently negative from the date of incorporation. Management
expects operating losses and negative cash flows to continue for
the foreseeable future.  In the event that current cash reserves
are found to be insufficient to achieve breakeven, then additional
funding will have to be obtained, which may include public or
private equity or debt offerings.  Additional capital may not be
available on reasonable terms, if at all.  If we are unable to
raise additional capital in sufficient amounts or on terms
acceptable to us, we may have to significantly delay, scale back or
discontinue the development or commercialization of our product
candidates or our acquisition strategy, as well as consider other
strategic alternatives.  Furthermore, we will continue to assess
the market value of certain of our assets so that non-dilutive
funding could be available, if required, to drive long term value
for the Company without a reliance on equity funding.  In
connection with this, effective Nov. 1, 2018, we sold all of the
issued and outstanding stock of Midatech US to an affiliate of
Barings LLC for initial cash consideration of $13.0 million, plus
up to an additional $6.0 million in cash payable upon the
obtainment of certain net sales milestones in 2018 and 2019 with
respect to certain of the products marketed by Midatech US,
individually and in the aggregate."


MIDCONTINENT COMMUNICATIONS: S&P Rates New $685MM Term Loan B 'BB'
------------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '2'
recovery rating to Sioux Falls, S.D.-based cable provider
Midcontinent Communications' proposed $685 million term loan B due
2026. The '2' recovery rating indicates S&P's expectation for
substantial (70%-90%; rounded estimate: 75%) recovery in the event
of a payment default.

S&P said, "At the same time, we are assigning our 'B' issue-level
rating and '6' recovery rating to the company's proposed $300
million senior unsecured notes due 2027. The '6' recovery rating
indicates our expectation for negligible (0%-10%; rounded estimate:
0%) recovery in the event of a payment default. Midcontinent
Communications and Midcontinent Finance Corp. will be the issuers
of the unsecured notes

"We expect the company to use the proceeds from these issuances to
fund the redemption of its existing $550 million 6.875% notes due
in 2023, pay down the $376 million balance on its term loan B due
2023, partially pay down the outstanding borrowings on its revolver
by $30 million, and pay about $29 million in fees and expenses,
including the $19 million call premium on the 2023 notes.

"Our 'BB-' issuer credit rating on Midcontinent is unaffected
because the transaction, for all intents and purposes, is leverage
neutral. However, we are placing our 'BB+' issue-level rating on
the company's $300 million revolver, which is extending the
maturity to 2024 from 2022, on CreditWatch with negative
implications given that its proposed capital structure will include
more secured claims." This will likely reduce the recovery
prospects for its secured creditors because of its roughly
unchanged estimated enterprise value under our simulated default
scenario.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- S&P simulated default scenario contemplates a default occurring
in 2022 due to intense competitive pressures from direct-to-home
(DTH) satellite providers, cable overbuilders, and the incumbent
telephone company CenturyLink Inc.

-- S&P has valued the company on a going-concern basis using a
6.0x multiple. The 6.0x valuation multiple is in the middle of the
5.0x-7.0x range it typically uses for telecom companies, though it
is in line with the multiples it uses for other small incumbent
cable operators.

Simulated default assumptions

-- Simulated year of default: 2023
-- EBITDA at emergence: $124 million
-- EBITDA multiple: 6x

Simplified waterfall

-- Net enterprise value (after 5% administrative costs): $707
million
-- Valuation split (obligors/nonobligors): 100%/0%
-- Collateral value available to secured creditors: $707 million
-- Secured first-lien debt claims: $938 million
-- Recovery expectations: 70%-90% (rounded estimate: 75%)
-- Collateral value available to unsecured creditors: $0 million
-- Senior unsecured and pari passu debt claims: $539 million
-- Recovery expectations: 0%-10% (rounded estimate: 0%)
Note: All debt amounts include six months of prepetition interest.

  Ratings List

  New Rating  
  Midcontinent Communications
   Senior Secured  
   US$685 mil term loan B due 2026 BB
    Recovery Rating              2(75%)

  Midcontinent Communications

  Midcontinent Finance Corp.
   Senior Unsecured  
   US$300 mil notes due 2027         B
    Recovery Rating                    6(0%)

  Ratings Affirmed; CreditWatch  
                                        To           From
  Midcontinent Communications
   Senior Secured  
   $300 mil revolver due 2024    BB+ /Watch Neg BB+
    Recovery Rating              1(95%)


MONITRONICS INT'L: Hires Moelis & Company as Investment Banker
--------------------------------------------------------------
Monitronics International, Inc. and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the Southern District
of Texas to employ Moelis & Company LLC as investment banker.

The firm will provide these services in connection with the
Debtors' Chapter 11 cases:
  
     a. assist in reviewing and analyzing the Debtors' results of
operations, financial condition and business plan;

     b. assist the Debtors in reviewing and analyzing any potential
restructuring, "amendment," sale or capital transaction;

     c. assist the Debtors in negotiating any restructuring,
amendment, sale or capital transaction;

     d. advise the Debtors on the terms of securities they offer in
any potential capital transaction;

     e. advise the Debtors on the preparation of information
memoranda for a potential sale or capital transaction;and

     f. assist the Debtors in contacting potential acquirers or
purchasers in connection with a capital transaction and provide
them with information about the Debtors' assets, properties or
businesses, subject to customary business confidentiality
agreements.

Moelis & Company will be paid as follows:

     a. Monthly Fee. A fee of $175,000 per month, payable in
advance of each month. An amount equal to 50 percent of the
aggregate monthly fees shall be offset, to the extent previously
paid, for the period beginning with the fourth monthly fee, against
a restructuring fee.

     b. Amendment Fee. A fee in the amount of $750,000. The Debtors
will pay a separate fee for each amendment in the event that more
than one amendment occurs. The fee shall be offset once, to the
extent previously paid, against a restructuring fee.

     c. Restructuring Fee. At the closing of a restructuring
transaction, a fee of 0.35 percent of the face amount of any
liabilities under debt agreements or instruments covered by the
transaction. The Debtors will pay a separate fee for each
restructuring transaction in the event that more than one
transaction occurs.

     d. Sale Transaction Fee. At the closing of a sale transaction,
a fee of 0.85 percent of "transaction value," subject to the
following:

       (i) for "transaction value amounts" up to and including
$1,799 million, 25 percent of the restructuring fee shall be
offset, to the extent previously paid, against the sale transaction
fee;

      (ii) for transaction value amounts between $1,800 million and
up to and including $1,900 million, 12.5 percent of the
restructuring fee shall be offset, to the extent previously paid,
against the sale transaction fee;

     (iii) for transaction value amounts in excess of $1,900
million, there will be no offset of the restructuring fee.

     e. Capital Transaction Fee. At the closing of a capital
transaction, a fee of:

        (i) 1 percent of the aggregate gross amount of secured debt
obligations and other interests raised in the capital transaction,
plus;

       (ii) 1.5 percent of the aggregate gross amount of unsecured
debt obligations and other interests raised in such transaction,
plus;

      (iii) 3 percent of the aggregate gross amount or face value
of capital raised in such capital transaction as equity,
equity-linked interests, options, warrants or other rights to
acquire equity interests.

William Derrough, managing director & co-head of the
Recapitalization & Restructuring Group of Moelis & Company,
disclosed in a court filing that the firm is "disinterested" as
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     William Q. Derrough
     Moelis & Company LLC
     399 Park Avenue, 5th Floor
     New York, NY 10022
     Tel: +1 212 883 3877 / +1 212 883 3800
     Fax: +1 212 880 4260
     Email: william.derrough@moelis.com

                      About Monitronics

Headquartered in the Dallas-Fort Worth area, Monitronics
International, Inc. provides security alarm monitoring services to
approximately 900,000 residential and commercial customers as of
March 31, 2019.  Ascent Capital Group, Inc. is a holding company
that owns Monitronics, doing business as Brinks Home Security.  

Monitronics reported a net loss of $678.8 million for the year
ended Dec. 31, 2018, compared to a net loss of $111.3 million for
the year ended Dec. 31, 2017.  As of March 31, 2019, Monitronics
had $1.33 billion in total assets, $1.95 billion in total
liabilities, and a total stockholders' deficit of $623.8 million.

Dallas-based KPMG LLP, the company's auditor since 2011, issued a
"going concern" qualification in its report dated April 1, 2019, on
the company's consolidated financial statements for the year ended
Dec. 31, 2018, citing that the company has substantial indebtedness
classified within current liabilities that raises substantial doubt
about its ability to continue as a going concern.


MONITRONICS INTERNATIONAL: Taps FTI Consulting as Financial Advisor
-------------------------------------------------------------------
Monitronics International, Inc. and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the Southern District
of Texas to employ FTI Consulting, Inc. as their financial
advisor.

The firm will provide these services in connection with the
Debtors' Chapter 11 cases:

     (a) render general financial advice, analytics and modeling as
needed to support the evaluation of alternatives available to the
Debtors;  

     (b) assist the Debtors in developing 3-5 year projections for
use in the preparation of a reorganization plan or sale of their
business;

     (c) assist the Debtors in developing 13-week cash flow
projections to secure financing or consent to use the secured
lenders' cash collateral;

     (d) assist the management with cash forecasting, treasury
operations, cash management and management of receivables and
payables;

     (e) assist the Debtors in securing DIP financing;

     (f) provide valuation-related work;

     (g) attend meetings, presentations and negotiations as
requested by the Debtors;

     (h) assist the Debtors in analyzing restructuring plans;

     (i) advise the Debtors on communications plans;

     (j) assist in developing management and employee incentive or
retention plans;

     (k) assist with cash management and cash reporting;

     (l) assist in the preparation of monthly operating reports and
other reports required by the Office of the U.S. Trustee and the
bankruptcy court;

     (m) assist the Debtors in implementing all motions filed on
the first day of their bankruptcy cases;

     (n) provide ongoing assistance with cash management and
reporting as required by creditors and the bankruptcy court;

     (o) assist the Debtors and their counsel in preparing
motions;

     (p) respond to all creditor groups;

     (q) assist the Debtors in analyzing, preparing and
implementing restructuring plans;

     (r) assist in negotiating a plan of reorganization;

     (s) assist legal counsel in drafting all plan-related
documents, including disclosure statement and supporting
declarations;

     (t) provide testimony and litigation support as the
circumstances warrant;

     (u) provide accounting advisory and other support services as
requested by the Debtors; and

     (v) provide consultation services in the area of performance
improvement around customer retention.

The hourly rates for FTI restructuring professionals are:

     Senior Managing Director             $895 - $1,195
     Director/Senior Director/            
        Managing Director                 $670 - $880
     Consultant/Senior Consultant         $355 - $640
     Administrative/Paraprofessional      $145 - $275

The hourly rates for FTI business transformation professionals
are:

     Senior Managing Directors  $650
     Managing Directors         $500
     Directors                  $425
     Senior Consultants         $300
     Consultants                $250

The firm will receive reimbursement for work-related expenses
incurred.

Chad Coben, senior managing director of FTI, disclosed in court
filings that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

FTI can be reached through:

      Chad Coben
      FTI Consulting, Inc.
      2001 Ross Ave., Suite 650
      Dallas, TX 75201
      Tel: (214) 397-1765
      Email: chad.coben@fticonsulting.com.

                      About Monitronics

Headquartered in the Dallas-Fort Worth area, Monitronics
International, Inc. provides security alarm monitoring services to
approximately 900,000 residential and commercial customers as of
March 31, 2019.  Ascent Capital Group, Inc. is a holding company
that owns Monitronics, doing business as Brinks Home Security.  

Monitronics reported a net loss of $678.8 million for the year
ended Dec. 31, 2018, compared to a net loss of $111.3 million for
the year ended Dec. 31, 2017.  As of March 31, 2019, Monitronics
had $1.33 billion in total assets, $1.95 billion in total
liabilities, and a total stockholders' deficit of $623.8 million.

Dallas-based KPMG LLP, the company's auditor since 2011, issued a
"going concern" qualification in its report dated April 1, 2019, on
the company's consolidated financial statements for the year ended
Dec. 31, 2018, citing that the company has substantial indebtedness
classified within current liabilities that raises substantial doubt
about its ability to continue as a going concern.


MONITRONICS INTERNATIONAL: Taps Hunton Andrews as Co-Counsel
------------------------------------------------------------
Monitronics International, Inc. and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the Southern District
of Texas to employ Hunton Andrews Kurth LLP.

Hunton Andrews will serve as co-counsel with Latham & Watkins LLP,
the other firm tapped to handle the Debtors' Chapter 11 cases.

The hourly rates for the attorneys and paralegals at Hunton Andrews
are:

     David A. Zdunkewicz          $1,025
     Timothy A. (Tad) Davidson II   $885
     Joseph P. Rovira               $795
     Ashley L. Harper               $600
     Edward A. Clarkson, III        $495
     Joshua M. Karam                $425
     Amanda Thienpont               $525
     Jennifer Wuebker               $450
     Constance Andonian             $375
     Tina Canada                    $270

Hunton Andrews initially received $125,000 as an advance payment
retainer. Subsequently, the Debtors paid the firm $491,309.50 in
fees and $18,412.63 in expenses.

Timothy Davidson II, Esq., a partner at Hunton Andrews, disclosed
in court filings that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Davidson disclosed that:

     a. Hunton Andrews did not agree to any variations from, or
alternatives to, its standard or customary billing arrangements for
comparable Chapter 11 reorganizations in its post-petition
representation of the Debtors.

     b. The hourly rates for Hunton Andrews professionals
representing the Debtors are consistent with the rates that the
firm charges other Chapter 11 clients regardless of the geographic
location of the cases.

     c. The billing rates and material financial terms of Hunton
Andrews' pre-bankruptcy employment by the Debtors have not changed
after the petition date.

     d. Hunton Andrews has provided the Debtors with a budget,
which is reflected in the budget attached to the court's order
approving the debtor-in-possession financing.

The firm can be reached through:

     Timothy Alvin Davidson, II, Esq.
     Hunton Andrews Kurth LLP
     600 Travis, Ste 4200
     Houston, TX 77002
     Tel: 713-220-3810
     Fax: 713-220-4285
     Email: TadDavidson@HuntonAK.com

                      About Monitronics

Headquartered in the Dallas-Fort Worth area, Monitronics
International, Inc. provides security alarm monitoring services to
approximately 900,000 residential and commercial customers as of
March 31, 2019.  Ascent Capital Group, Inc. is a holding company
that owns Monitronics, doing business as Brinks Home Security.  

Monitronics reported a net loss of $678.8 million for the year
ended Dec. 31, 2018, compared to a net loss of $111.3 million for
the year ended Dec. 31, 2017.  As of March 31, 2019, Monitronics
had $1.33 billion in total assets, $1.95 billion in total
liabilities, and a total stockholders' deficit of $623.8 million.

Dallas-based KPMG LLP, the company's auditor since 2011, issued a
"going concern" qualification in its report dated April 1, 2019, on
the company's consolidated financial statements for the year ended
Dec. 31, 2018, citing that the company has substantial indebtedness
classified within current liabilities that raises substantial doubt
about its ability to continue as a going concern.


MONITRONICS INTERNATIONAL: Taps King & Spalding as Co-Counsel
-------------------------------------------------------------
Monitronics International, Inc. and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the Southern District
of Texas to employ King & Spalding LLP.

King & Spalding will serve as co-counsel with Latham & Watkins LLP,
the other firm tapped to handle the Debtors' Chapter 11 cases.

The firm's standard hourly rates are:

     Partners           $465 to $1,625
     Counsel            $475 to $1,160
     Associates         $400 to $1,015
     Paraprofessionals  $180 to $415

Roger Schwartz, Esq., and Sarah Primrose, Esq., the firm's
attorneys who will be providing the services, will charge $1,395
per hour and $655 per hour, respectively.

Mr. Schwartz disclosed in court filings that his firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Schwartz disclosed that:

     -- King & Spalding has not agreed to any variations from, or
alternatives to, its standard or customary billing arrangements;

     -- no King & Spalding professional has varied his rate based
on the geographic location of the Debtors' bankruptcy cases;

     -- no adjustments were made to either the billing rates or the
material financial terms of King & Spalding's employment as a
result of the Debtors' bankruptcy filing; and

     -- the Debtors have approved a prospective budget and staffing
plan for King & Spalding's employment for the two-month period
after the petition date.

King & Spalding may be reached at:

       Roger G. Schwartz, Esq.
       King & Spalding LLP
       1185 Avenue of the Americas, 34th Floor
       New York, NY 10036
       Telephone: +1 212 556 2331
       Email: rschwartz@kslaw.com

                      About Monitronics

Headquartered in the Dallas-Fort Worth area, Monitronics
International, Inc. provides security alarm monitoring services to
approximately 900,000 residential and commercial customers as of
March 31, 2019.  Ascent Capital Group, Inc. is a holding company
that owns Monitronics, doing business as Brinks Home Security.  

Monitronics reported a net loss of $678.8 million for the year
ended Dec. 31, 2018, compared to a net loss of $111.3 million for
the year ended Dec. 31, 2017.  As of March 31, 2019, Monitronics
had $1.33 billion in total assets, $1.95 billion in total
liabilities, and a total stockholders' deficit of $623.8 million.

Dallas-based KPMG LLP, the company's auditor since 2011, issued a
"going concern" qualification in its report dated April 1, 2019, on
the company's consolidated financial statements for the year ended
Dec. 31, 2018, citing that the company has substantial indebtedness
classified within current liabilities that raises substantial doubt
about its ability to continue as a going concern.


MONITRONICS INTERNATIONAL: Taps Latham & Watkins as Counsel
-----------------------------------------------------------
Monitronics International, Inc. and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the Southern District
of Texas to employ Latham & Watkins LLP as bankruptcy counsel.

The firm will provide these services in connection with the
Debtors' Chapter 11 cases:  

     a. advise the Debtors of their powers and duties in the
continued management and operation of their businesses and
properties;

     b. advise the Debtors of the legal and administrative
requirements of operating in Chapter 11;

     c. take all necessary actions to protect and preserve the
bankruptcy estates, including prosecuting actions on the Debtors'
behalf, defending any action commenced against them, and
representing their interests in negotiations concerning litigation
in which they are involved;

     d. analyze proofs of claim filed against the Debtors and
object to such claims as necessary;

     e. represent the Debtors in connection with obtaining
authority to continue using cash collateral and post-petition
financing;

     f. attend meetings and negotiate with representatives of
creditors, interest holders, and other parties in interest;

     g. analyze the potential assumption, assignment or rejection
of the Debtors' executory contracts and unexpired leases;

     h. prepare pleadings necessary or otherwise beneficial to the
administration of the Debtors' estates;

     i. advise the Debtors in connection with any potential sale of
their assets;

     j. take necessary actions on behalf of the Debtors to obtain
approval of a disclosure statement and confirmation of a bankruptcy
plan;

     k. appear before the bankruptcy court or appellate courts;
and

     l. advise on corporate, litigation, finance, tax, employee
benefits and other legal matters.

Latham & Watkins' standard hourly rates are:

     Partners           $1,070 to $1,565
     Counsel            $1,040 to $1,455
     Associates         $565 to $1,085
     Paraprofessionals  $105 to $780

The attorneys who will be providing the services are:

     David A. Hammerman    $1,175/hour
     Annemarie V. Reilly   $1,035/hour
     Jeffrey Mispagel      $1,035/hour
     Liza L. Burton        $860/hour
     Brian S. Rosen        $565/hour

Latham & Watkins will also be reimbursed for work-related expenses
incurred.

David Hammerman, Esq., a partner at Latham & Watkins, assured the
court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Hammerman disclosed that:

     a. The rate structure provided by Latham & Watkins is
appropriate and comparable to the rates that the firm charges for
non-bankruptcy representations, and the rates of other comparably
skilled professionals.

     b. No professional at Latham & Watkins will vary his rate
charged to the Debtors based on the geographic location of their
bankruptcy cases.

     c. Latham & Watkins' current hourly rates have been used since
Jan. 1 except with respect to two transactional matters for which
the following rates were used: $1,235 to $1,795 for partners;
$1,220 to $1,665 for counsel; $700 to $1,335 for associates; and
$220 to $895 for paraprofessionals. During the prior year, the firm
used the following rates for services rendered on behalf of the
Debtors: $1,030 to $1,450 for partners; $990 to $1,395 for counsel;
$535 to $1,045 for associates; and $180 to $750 for
paraprofessionals.

For one of three open matters in 2018, Latham & Watkins applied a
10 percent discount to its rates. The other two matters were not
discounted, and the firm has not provided a discount on any matters
in 2019. All material financial terms have remained unchanged since
the pre-bankruptcy period.

     d. The Debtors approved Latham & Watkins' prospective budget
and staffing plan. The plan covers the period from June 30 to Aug.
31, 2019.

Latham & Watkins can be reached at:

       David A. Hammerman, Esq.
       Latham & Watkins LLP
       885 Third Avenue
       New York, NY 10022-4834
       Tel: 212-906-1398
       Email: david.hammerman@lw.com

                      About Monitronics

Headquartered in the Dallas-Fort Worth area, Monitronics
International, Inc. provides security alarm monitoring services to
approximately 900,000 residential and commercial customers as of
March 31, 2019.  Ascent Capital Group, Inc. is a holding company
that owns Monitronics, doing business as Brinks Home Security.  

Monitronics reported a net loss of $678.8 million for the year
ended Dec. 31, 2018, compared to a net loss of $111.3 million for
the year ended Dec. 31, 2017.  As of March 31, 2019, Monitronics
had $1.33 billion in total assets, $1.95 billion in total
liabilities, and a total stockholders' deficit of $623.8 million.

Dallas-based KPMG LLP, the company's auditor since 2011, issued a
"going concern" qualification in its report dated April 1, 2019, on
the company's consolidated financial statements for the year ended
Dec. 31, 2018, citing that the company has substantial indebtedness
classified within current liabilities that raises substantial doubt
about its ability to continue as a going concern.


MRP GENERATION: S&P Cuts Secured Debt Rating to 'B'; Outlook Neg.
-----------------------------------------------------------------
S&P Global Ratings lowered its rating on MRP Generation Holdings
LLC's  (MRP) senior secured debt to 'B' from 'B+' given the need to
fund its debt service reserve account (DSRA) to mitigate risks
associated with its liquidity position and transaction structure
amid persistently low S&P-adjusted DSCRs and slower-than-expected
debt pay down.

The recovery rating remains '1', which indicates S&P's expectation
for very high recovery.

S&P said, "We based the one-notch downgrade primarily on our view
that the DSRA will need to be funded over the next several
quarters, combined with our expectation for minimal debt pay down
via the cash sweep before the term loan matures in 2022. Our
expectations for cash available for debt service (CFADS) over the
next few years are limited by high capex and major maintenance
expectations and cash outflows stemming from the heat rate call
option at High Desert. The stressed cash generation prospects,
fully drawn DSRA and limited cash sweep expectations has led us to
revise our view on the project's creditworthiness. At the same
time, we expect DSCRs to improve annually over the next few years.

"We base the negative outlook primarily on our view that the
project will need to fund its DSRA over the next few quarters. We
could also lower the rating if the project experiences an unplanned
outage or if power and capacity prices in California or PJM show
signs of decline. We expect the minimum DSCR to be 1.18x in 2020
and gradually improve through the end of the debt tenor.

"We could lower the rating on MRP over the next 6-12 months if the
project fails to fund its DSRA or if the project is forced to rely
on its liquidity reserves to pay operating costs. We could also
lower the rating if cash generation prospects decline such that the
project fails to accumulate cash to pay down debt in future
periods, which would likely lead to DSCRs below 1.15x over the life
of the asset."

The rating could remain 'B' if the project can maintain a minimum
DSCR above 1.15x, fund its DSRA over the next several quarters and

also begin to accumulate excess cash to pay down debt in 2020,
which would strengthen DSCRs and improve refinancing prospects,
according to S&P.


NORTHERN DYNASTY: EPA to Withdraw Obama-Era Proposed Determination
------------------------------------------------------------------
Northern Dynasty Minerals Ltd. reports the US Environmental
Protection Agency has announced it will re-start the process to
withdraw a Proposed Determination initiated by the Obama
Administration in 2014 under Section 404(c) of the Clean Water Act
in an unprecedented attempt to pre-emptively veto southwest
Alaska's Pebble Project before it received an objective, scientific
regulatory review under the National Environmental Policy Act
("NEPA").

In May 2017, Northern Dynasty's 100%-owned US subsidiary Pebble
Limited Partnership entered into a settlement agreement with EPA
that allowed the Pebble Project to proceed into normal course
permitting under the CWA and NEPA.  EPA further agreed to initiate
a process to propose to withdraw its Proposed Determination, a
process that was subsequently suspended by former EPA Administrator
Scott Pruitt in January 2018.

Pebble Partnership CEO Tom Collier said the pre-emptive regulatory
action initiated by the Obama-era EPA in 2014 represents a
dangerous precedent and poor public policy that threatens
investment in responsible resource development throughout the
United States.

"The idea that development projects can be vetoed before they are
even proposed or a comprehensive, permitting process has been
undertaken is one that should not take root in this country,"
Collier said.  "It is wholly inconsistent with the rule of law and
a serious deterrent to resource investment and industrial
development, and it is for those reasons that we expect the
Proposed Determination to be withdrawn by this Administration."

Meanwhile, the Environmental Impact Statement ("EIS") and federal
permitting process for Pebble under NEPA being led by the US Army
Corps of Engineers continues to advance.  The Corps has published a
timeline at www.pebbleprojecteis.com that indicates it expects to
finalize the Pebble Project EIS in early 2020 and issue a final
Record of Decision by the middle of next year.

"We have every confidence that the Pebble Project as proposed will
meet the rigorous environmental standards enforced in Alaska and
the US, and that the EIS permitting process now underway will
demonstrate that compliance through an open, objective, transparent
and science-driven review," Collier said.

                 About Northern Dynasty Minerals

Northern Dynasty -- http://www.northerndynastyminerals.com/-- is a
mineral exploration and development company.  Northern Dynasty's
principal asset, owned through its wholly-owned Alaska-based US
subsidiary Pebble Limited Partnership, is a 100% interest in a
contiguous block of 2,402 mineral claims in southwest Alaska,
including the Pebble deposit.  The Company is listed on the Toronto
Stock Exchange under the symbol "NDM" and on the NYSE American
Exchange under the symbol "NAK".  The Company's corporate office is
located at 1040 West Georgia Street, 15th floor, Vancouver, British
Columbia.

Northern Dynasty reported a net loss of C$15.95 million for the
year ended Dec. 31, 2018, compared to a net loss of C$64.86 million
for the year ended Dec. 31, 2017.  As of Dec. 31, 2018, the Company
had C$161.92 million in total assets, C$13.71 million in total
liabilities, and C$148.21 million in total equity.

Deloitte LLP, in Vancouver, Canada, the Company's auditor since
2009, issued a "going concern" qualification in its report dated
April 1, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, stating that the Company incurred
a net loss during the year ended Dec. 31, 2018 and, as of that
date, the Company's consolidated deficit was $487 million.  These
conditions, along with other matters, raise substantial doubt about
its ability to continue as a going concern.


ORANGE COUNTY INSURANCE: May Use Cash Collateral Until Nov. 1
-------------------------------------------------------------
Judge Bill Parker of the U.S. Bankruptcy Court for the Eastern
District of Texas authorized Orange County Insurance Brokerage,
Inc. to use cash collateral until the earlier of (i) the end of
business on Nov. 1, 2019, or (ii) the occurrence of an Event of
Default.

The Debtor is currently indebted to Crestmark Bank in an amount in
excess of $1,035,094 pursuant to certain pre-petition loan
documents. Crestmark Bank has: (i) a first priority blanket
security interest in substantially all of the Debtor's assets
(other than its real property) including, but not limited to, its
cash collateral and other cash equivalents generated from its
business operations, and (ii) a second priority mortgage on its
real property located at 3410 Lutcher, Orange, Texas.

As additional security, Crestmark Bank is granted, valid, binding,
enforceable, non-avoidable and perfected replacement liens on and
security interests in, with the same extent validity and priority
of Crestmark Bank's prepetition liens and security interests on the
PrePetition Collateral, all currently owned and hereafter acquired
assets and/or properties of Debtor and its estate, including
property of the estate which may not otherwise be subject to a
lien, other than claims arising by virtue of sections 510, 544,
547, 548, 549, and 550, of the Bankruptcy Code.

In addition, the Debtor will make monthly payments to Crestmark
Bank in the amount of $5,000, on or before the tenth day of each
month.

Crestmark Bank will have, at any time during normal business hours,
access to (a) any of the premises that Debtor directly or
indirectly owns, leases or otherwise has a right to occupy or use,
(b) all assets and properties of Debtor located on any such
premises, including, without limitation, all books and records
related to accounts receivable, inventory or any other Collateral,
and (c) any employee, officer, director, agent, representative and
consultant of the Debtor.

The Debtor will continue providing Crestmark Bank on an ongoing
basis with all reporting and financial information that the Debtor
is obligated to provide the Bank pursuant to the terms of the Loan
Agreements.

According to the Cash Collateral Order, each of the following
events will constitute an event of default: (a) an order dismissing
the case, converting the case to chapter 7, appointing an examiner
with expanded powers or a trustee, or terminating the authority of
the Debtor to conduct business; (b) failure of the Debtor to make
any payment when due; or (c) there is a default (other than
payments) by the Debtor under the Order or the Loan Agreements.

A copy of the Cash Collateral Order is available for free at

             http://bankrupt.com/misc/txeb19-10278-22.pdf

              About Orange County Insurance Brokerage

Orange County Insurance Brokerage, Inc., an insurance agency in
Orange, Texas, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Tex. Case No. 19-10278) on June 19, 2019.  At the
time of the filing, the Debtor disclosed $1,143,220 in assets and
$1,929,624 in liabilities.  The case is assigned to Judge Bill
Parker.  Maida Clark Law Firm, P.C., is the Debtor's legal
counsel.



PAZZO PAZZO: Aug. 20 Hearing on Plan Outline Set
------------------------------------------------
Bankruptcy Judge John K. Sherwood will convene a hearing on August
20, 2019 at 10:00 a.m. to consider the adequacy of Pazzo Pazzo Inc.
and Berley Associates, Ltd.’s disclosure statement referring to
chapter 11 plan of reorganization.

Written objections to the disclosure statement must be filed no
later than 14 days prior to the hearing.

                 About Pazzo Pazzo, Inc.

Pazzo Pazzo Inc., filed a Chapter 11 bankruptcy petition (Bankr.
D.N.J. Case No. 18-13516) on Feb. 23, 2018, estimating under $1
million in assets and liabilities.  Lawrence Berger, Esq., at
Berger & Bornstein, LLC, is the Debtor's counsel.



PES ENERGY: Files Voluntary Chapter 11 Bankruptcy Petition
----------------------------------------------------------
PES Energy Inc. and its subsidiaries (including its principal
operating subsidiary, Philadelphia Energy Solutions Refining and
Marketing LLC) on July 22, 2019, disclosed that they had filed for
bankruptcy protection under Chapter 11 of the United States Code
and had entered into a proposed debtor-in-possession financing
agreement with holders of the Company's outstanding term loan debt
providing for up to $100 million in new funding.

This proposed financing provides the Company with a strong
financial foundation to support existing operations, undertake the
work necessary to ensure the refinery complex is safely positioned
for rebuilding and restart and complete its reorganization process.


With the proposed Financing Agreement, the Company will work with
its stakeholders toward a restructuring implemented through a
Chapter 11 Plan (a "Plan").  The Company expects to establish an
orderly process for the evaluation of a range of potentially
value-maximizing transactions in the weeks ahead and to work
expediently with its insurers, stakeholders, and third parties
toward our goal of reaching a consensual Plan, rebuilding the
damaged infrastructure and resuming refining operations.   

"[Mon]day's agreement provides PES Energy with the additional
financing and liquidity necessary to ensure we can safely wind down
our refining operations and, with the support of our insurers and
stakeholders, best position the Company for a successful
reorganization, the rebuilding of our damaged infrastructure, and a
restart of our refining operations.  We will continue our ongoing
cooperation with the federal, state and city governmental agencies
investigating the June 21 accident and thank them and our employees
for their diligent efforts at this difficult time.  The success of
our plan is critical to energy supply and security for the region,
the Commonwealth of Pennsylvania and the City of Philadelphia,"
said Mark Smith, Chief Executive Officer of PES Energy.

Since inception in 2012, PES Energy and its owners have invested
substantial capital to improve the Philadelphia refining complex.
As a result, PES Energy has been able to continue to supply
essential refined products to the Northeast region.  However, the
recent fire and explosions at the Company's alkylation unit caused
substantial property damage, impacted the Company's liquidity, and
caused the recent suspension of refining operations at the complex.
The Company will work on a comprehensive resolution with its
stakeholders and insurers in the weeks ahead with the goal of
rebuilding the damaged facilities.

Continued Mr. Smith, "I would also like to thank our lenders and
equity holders for their support throughout this process and the
challenges of recent weeks.  We also greatly appreciate the
unwavering loyalty of our employees and their continued support."

The Company's legal advisor in connection with the restructuring is
Kirkland & Ellis LLP.  Alvarez & Marsal serves as its restructuring
advisor.  PJT Partners is the Company's investment banker.  The
Company's proposed DIP Financing lenders are represented by Davis
Polk & Wardwell LLP and Houlihan Lokey Capital, Inc.

                         About PES Energy

PES Energy is the indirect parent company of Philadelphia Energy
Solutions Refining and Marketing LLC (PESRM).  PESRM owns and
operates the Point Breeze and Girard Point oil refineries located
on an integrated, 1,300-acre refining complex in Philadelphia.


PES HOLDINGS: Case Summary & 50 Largest Unsecured Creditors
-----------------------------------------------------------
Lead Debtor: PES Holdings, LLC
             1735 Market Street, 11th Floor
             Philadelphia, PA 19103

Business Description: Headquartered in Philadelphia, Pennsylvania,
                      the Debtors are owners and operators of
                      oil refining complex and have been
                      continuously operating in some form for over
                      150 years.  The refining complex sits on an
                      approximately 1,300 acre industrial site
                      roughly 2.5 miles from downtown
                      Philadelphia.  It is comprised of two
                      separate refineries that have a combined
                      distillation and refining capacity of
                      335,000 barrels of crude oil per day.  The
                      refining complex produces a full range of
                      transportation fuels, such as gasoline and
                      ultra-low sulfur diesel, as well as other
                      refined products, including home heating
                      oil, jet fuel, kerosene, fuel oil, propane,
                      propylene, butane, cumene, and sulfur.  The
                      Debtors market and distribute these products
                      by truck, rail, pipeline, and waterborne
                      vessels throughout population centers in the
                      northeastern United States and by
                      waterborne vessels to international markets.
                      As of the Petition Date, the Debtors employ
                      950 individuals, approximately 620 of whom
                      are unionized members of the United
                      Steelworkers.  For more information,
                      visit http://pes-companies.com.

Chapter 11 Petition Date: July 21, 2019

Eight affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

  Debtor                                                 Case No.
  ------                                                 --------
  PES Holdings, LLC (Lead Case)                          19-11626
  North Yard GP, LLC                                     19-11627
  North Yard Logistics, L.P.                             19-11628
  PES Administrative Services, LLC                       19-11629
  PES Energy Inc.                                        19-11630
  PES Intermediate, LLC                                  19-11631
  PES Ultimate Holdings, LLC                             19-11632
  Philadelphia Energy Solutions Refining and Marketing   19-11633

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

Debtors'
Local
Bankruptcy
Counsel:               Laura Davis Jones, Esq.
                       James E. O'Neill, Esq.
                       Peter J. Keane, Esq.
                       PACHULSKI, STANG, ZIEHL & JONES LLP
                       919 North Market Street, 17th Floor
                       P.O. Box 8705
                       Wilmington, Delaware 19899-8705
                       (Courier 19801)
                       Tel: (302) 652-4100
                       Fax: (302) 652-4400
                       Email: ljones@pszjlaw.com
                              joneill@pszjlaw.com
                              pkeane@pszjlaw.com


Debtors'
General
Bankruptcy
Counsel:           

                       Edward O. Sassower, P.C.
                       Steven N. Serajeddini, Esq.
                       Matthew C. Fagen, Esq.
                       KIRKLAND & ELLIS LLP
                       KIRKLAND & ELLIS INTERNATIONAL LLP
                       601 Lexington Avenue
                       New York, New York 10022
                       Tel: (212) 446-4800
                       Fax: (212) 446-4900
                       Email: edward.sassower@kirkland.com
                              steven.serajeddini@kirkland.com
                              matthew.fagen@kirkland.com

Debtors'
Financial
Advisor:               PJT PARTNERS LP

Debtors'
Restructuring
Advisor:               ALVAREZ & MARSAL NORTH AMERICA, LLC,

Debtors'
Notice &
Claims Agent:          OMNI MANAGEMENT GROUP, INC.
                       https://is.gd/KK21xn

Estimated Assets
(on a consolidated basis): $1 billion to $10 billion

Estimated Liabilities
(on a consolidated basis): $1 billion to $10 billion

The petitions were signed by Jeffrey S. Stein, chief restructuring
officer.

A full-text copy of PES Holdings' petition is available for free
at:

           http://bankrupt.com/misc/deb19-11626.pdf

List of Debtors' 50 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Trinity Industries Leasing       Trade Payable       $4,078,864
Company
2525 Stemmons Freeway
Dallas, TX 75207
Melendy E. Lovett
Senior Vice President
and Chief Financial Officer
Tel: 586-285-1692
Email: melendy.lovett@trin.net

2. CSX Transportation Inc.          Trade Payable       $3,876,177
500 Water Street, 15th Floor
Jacksonville, FL 32202
Nathan D. Goldman
Executive VP and Chief
Legal Officer
Tel: 904-359-3200
Fax: 904-359-2459
Email: nathan_goldman@csx.com

3. BNSF Railway Corporation         Trade Payable       $3,482,198
920 SW Quincy, 9th Floor
Topeka, KS 66612-1116
Julie Piggott
Executive Vice President &
Chief Financial Officer
Tel: 817-698-8119
Email: julie.piggott@bnsf.com

4. Constellation New Energy Inc.    Trade Payable       $2,676,084
100 Constellation Way, Suite 500
Baltimore, MD 21202-6302
Jim McHugh, CEO
Email: jimmchugh@constellation.com

5. Envtech Inc.                     Trade Payable       $2,500,000
300 Edison Way
Reno, NV 89502
General Manager
Tel: 877-841-9690
Fax: 775-856-3303
Email: info@envtech.com

6. OSG Bulk Ships Inc.              Trade Payable       $2,245,115
Two Harbour Place
302 Knights Run Avenue, Suite 1200
Tampa, FL 33602
Susan Allan
Vice President, General Counsel
Tel: 813-209-0600
Fax: 813-221-2769
Email: sallan@osg.com

7. Tsakos Energy Navigation Ltd.    Trade Payable       $1,999,157
367 Syngrou Avenue
Athens, 175 64
Greece
Paul Durham, CFO
Tel: +30210 94 07 710
Fax: +30210 94 07 716
Email: pdurham@tenn.gr

8. Brand Insulation Services        Trade Payable       $1,665,012
32 Iron Side Court
Willingboro, NJ 08046
Bill Hayes
President & CEO
Tel: 856-467-2850
Fax: 770-514-0285
Email: info@beis.com

9. Baker Hughes                     Trade Payable       $1,499,625
PO Box 301057 Dallas, TX
75303-1057
Lorenzo Simonelli, CEO
Email: lorenzo.simonelli@bakerhughes.com

10. WR Grace & Co-Conn              Trade Payable       $1,497,394
7500 Grace Drive
Columbia, MD 21044
Hudson La Force
Tel: 410-531-4000
Fax: 410-531-4367

11. JJ White Inc.                   Trade Payable       $1,021,287
5500 Bingham Street
Philadelphia, PA 19120
James J. White, IV
President & CEO
Tel: 215-722-1000
Fax: 215-745-6229
Email: jwhite@jjwhiteinc.com

12. Sunoco Partners Marketing       Trade Payable         $748,363
& Terminal LP
3801 West Chester Pike
Newton Square, PA 19073
Joseph Colella, Senior VP
Tel: 866-248-4344
Email: jcollella@sunocologistics.com

13. Colonial Pipeline Company       Trade Payable         $705,727
1185 Sanctuary Parkway, Suite 100
Alpharetta, GA 30009-4738
Joseph A. Bount, Jr.
President & CEO
Tel: 678-762-2200
Email: colonialmedia@colpipe.com

14. PECO Energy                     Trade Payable         $683,314
PO Box 37629
Philadelphia, PA 19101
Michael A. Innocenzo
President & CEO

15. United Rentals (North America)  Trade Payable         $673,286
100 First Stamford Place, Suite 700
Stamford, CT 06902
Matthew Flannery
President & CEO
Tel: 833-212-9458
Email: mflanner@ur.com

16. Riggs Distler & Company         Trade Payable         $616,908
4 Esterbrook Lane
Cherry Hill, NJ 08003
Stephen M. Zemaitatis, Jr.
President
Tel: 856-433-6000
Fax: 856-433-6035
Email: zseimatitisjr@rigssdistler.com

17. Charter Brokerage LLC           Trade Payable         $600,000
383 Main Avenue, Suite 400
Norwalk, CT 06851
C. Bobby Waid, CEO
Tel: 281-599-1252 Ext. 203
Email: bwaid@charterbrokerage.net

18. Fisher Tank Company             Trade Payable         $546,505
3131 W 4th St.
Chester, PA 19013-1822
Paul Windham
President & CEO
Tel: 610-494-7200
Email: pwhindham@fishertank.com

19. Man Diesel & Turbo              Trade Payable         $521,825
North America
1600A Brittmoore Road
Houston, TX 77043
Florian Schiller
Chief Financial Officer
Email: florian.schiller@man.eu

20. Murex LLC                       Trade Payable         $521,000
5057 Keller Springs Road
Addison, TX 75001
Rick Bartel
Chief Financial Officer
Email: rbartel@murexltd.com

21. Chalmers & Kubeck Inc.          Trade Payable         $496,195
150 Commerce Drive
Aston, PA 19014
Dennis Kubeck, President
Tel: 610-494-4300
Fax: 610-485-1484
Email: dkubeck@candk.com

22. Anderson Construction Services  Trade Payable         $486,794
6958 Torresdale Avenue Ste 300
Philadelphia, PA 19135
Ricke C. Foster
Vice President
Tel: 215-331-7150
Fax: 215-332-8350
Email: rickf@andersonconstructionserv.com

23. Brenntag Northeast Inc.         Trade Payable         $413,651
81 W. Huller Lane
Reading, PA 19605
Markus Klahn, CEO
Tel: 610-926-6100
Fax: 610-916-3782
Email: bnereadings@brenntag.com

24. Nooter Construction Co.         Trade Payable         $405,366
6 Neshaminy Interplex Suite 300
Trevose, PA 19053
Bernie Wicklein, President
Tel: 215-638-7474
Fax: 215-638-8080
Email: sales@nooter.com

25. Colonial Energy, Inc.           Trade Payable         $402,528
3975 Fair Ridge Drive, Suite T-10
Fairfax, VA 22033
Brian Kelly, Executive VP
Email: bkelly@colonialgroupinc.com

26. Kinder Morgan Liquid            Trade Payable         $357,632
Terminals, LLC
PO Box 201607
Dallas, TX 75320
David Michels
Vice President and Chief
Financial Officer
Tel: 713-420-4200
Email: david_michels@kindermorgan.com

27. Matrix Service Ind. Cont Inc.   Trade Payable         $354,830
5100 E. Skelly Dr., Suite 100
Tulsa, OK 74135-6577
Kevin S. Cavanah, CFO
Tel: 918-838-8822
Email: kcavanah@matrixservicecompany.com

28. G C Zarnas & Company Inc. - PA  Trade Payable         $332,153
850 Jennings Street
Bethlehem, PA 18017
Steve Zarnas
Owner & President
Tel: 610-866-0923
Fax: 610-866-4065

29. Allstate Power VAC Inc.         Trade Payable         $300,520
928 East Hazelwood Avenue
Rahway, NJ 07065
Daniel Coon
Vice President & CFO
Tel: 732-815-0220
Fax: 732-815-9892
Email: marketing@acvenviro.com

30. Belcher Roofing Corporation     Trade Payable         $288,681
111 Commerce Dr.
Montgomeryville, PA 18936
Kevin Belcher, President
Tel: 215-362-5400
Email: kbelcher@belcherroofing.com

31. Univar USA Inc.                 Trade Payable         $286,246
3075 Highland Parkway Suite 200
Downers Grove, IL 60515
David Jukes, President
Tel: 331-777-6000
Email: david.jukes@univar.com

32. Buckeye Pipe Line Company, LP   Trade Payable         $282,595
One Greenway Plaza, Suite 600
Houston, TX 77046
Gary Bohnsack
Vice President, Controller
& Chief Accounting Officer
Email: Gbohnsack@buckeye.com

33. Scheck Mechanical Corporation   Trade Payable         $252,030
One East Oak Hill Drive, Suite 100
Westmont, IL 60559
Randy Peach
President & CEO
Tel: 708-482-8100
Email: rpeach@goscheck.com

34. Archer Daniels Midland          Trade Payable         $243,853
Company
4666 Faries Parkway
Decatur, IL 62526
Juan R. Luciano, President
Tel: 217-424-5200
Fax: 217-424-5200

35. Johnson Matthey Process         Trade Payable         $243,092
115 Eli Whitney Blvd
Savannah, GA 31408
Robert Macleod, CEO
Tel: 912-748-0630
Email: robert.macleod@matthey.com

36. L M Service Co. Inc.            Trade Payable         $230,500
6809 Westfield Avenue
Pennsauken, NJ 08110-1527
John S. Albright, President
Tel: 856-773-5110
Fax: 856-773-5113
Email: ja@lmserviceco.com

37. Team Industrial Services Inc.   Trade Payable          221,047
13131 Dairy Ashford Rd. Ste. 600
Sugar land, TX 77478
Amerino Gatti, CEO
Tel: 800-662-8326

38. WATCO Transloading              Trade Payable         $219,450
315 W 3rd St.
Pittsburgh, KS 66762
Dan Smith, CEO
Tel: 620-231-2230
Email: dsmith@watcocompanies.com

39. Allied Universal                Trade Payable         $219,026
P.O. Box 828854
Philadelphia, PA 19182-8854
Delmar Laury
President, Mid Atlantic Region
Tel: 704-912-2406
Email: delmarlaury@aus.com

40. Vane Line Bunkering Inc.        Trade Payable         $215,044
2100 Frankfurst Avenue
Baltimore, MD 22126-1026
C. Duff Hughes, President
Tel: 410-631-4058
Email: c.hughes@vanebros.com

41. Nereus Shipping S.A.            Trade Payable         $210,292
Akti Miaouli 35/39
41
Piraues, 185 36
Greece
General Manager
Tel: 30-210-4292262
Email: piraeus@nereuship.gr

42. Devon Property Services LLC     Trade Payable         $197,909
7 N Waterloo Road
Devon, PA 19333
General Manager
Tel: 610-999-8785

43. Clean Harbors                   Trade Payable         $193,899
Industrial Services
42 Longwater Drive
Norwell, MA 02061-9149
Alan Mckin, Founder & CEO
Tel: 781-792-5000
Email: mckim.william@cleanharbors.com

44. Veolia North                    Trade Payable         $193,149
America Regeneration
4760 World Houston Pkwy, Ste 100
Houston, TX 77032
Bill Dicroce
President and CEO
Email: bill.dicroce@veolia.com

45. Atlas Copco Rental LLC           Trade Payable        $193,047
2306 S. Battleground Road
La Porte, TX 775713
Ray Lofgren, President
Tel: 800-736-8267
Email: ray.lofgren@be.atlascopco.com

46. Honeywell                        Trade Payable        $189,401
101 Columbia Rd
Morristown, NJ 07962
Anne T. Madden
SVP and General Counsel
Tel: 877-841-2840
Fax: 973-455-4807
Email: anne.madden@honeywell.com

47. TRC                              Trade Payable        $166,950
PO Box 536282
Pittsburgh, PA 15253-5904
Christopher P. Vincze
Chairman and CEO
Tel: 518-371-0780
Email: Cvinze@trcsolutions.com

48. ECO-Energy Fueling Solutions     Trade Payable        $161,203
6100 Tower Circle #500
Franklin, TN 37067
Josh Bailey, CEO
Tel: 615-778-2898
Email: joshb@eco-energyinc.com

49. Proconex                         Trade Payable        $158,323
103 Enterprise DR
Royersford, PA 19468
Dawn Seifried
Vice President & Chief Financial Officer
Email: dawn.seifried@proconexdirect.com

50. Mistras Services                 Trade Payable        $158,235
195 Clarksville Road
Princeton Junction, NUU 08550
Dennis Bertolotti,
President & CEO
Tel: 609-716-4000
Fax: 609-716-4179
Email: dennis.bertolotti@mistrasgroup.com


PH DIP INC: $31K Sale of Toys "R" Us Claim to Contrarian Approved
-----------------------------------------------------------------
Judge Julia W. Brand of the U.S. Bankruptcy Court for the Central
District of California authorized PH DIP, Inc.'s private sale of
its Administrative Proof of Claim in the Toys "R" Us, Inc. ("TRU")
bankruptcy case in the amount of $537,466 to Contrarian Funds, LLC
for 23.25% of the Claim, less the $94,057 payment the Debtor
received from TRU, which leaves a purchase price balance of
approximately $30,904.

The stay provided for in Bankruptcy Rule 6004(h) is waived and the
Order will be effective immediately upon its entry.

                        About PH DIP, Inc.

PH DIP, Inc., filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Cal. Case No. 2:18-bk-15972) on May 24, 2018.  The Debtor hired Goe
& Forsythe, LLP, as counsel.  The Law Offices of David A. Greer,
PLC, serves as special Virginia counsel to the Debtor.



PLAZE INC: Moody's Affirms B2 Corp. Family Rating, Outlook Stable
-----------------------------------------------------------------
Moody's Investors Service affirmed Plaze, Inc.'s B2 Corporate
Family Rating and B2-PD Probability of Default ratings. Moody's
also assigned a B2 rating to the company's proposed senior secured
bank facility comprised of $75 million revolving credit facility
and $644 million seven year term loan. The outlook is stable.

The proceeds from the new credit facilities will be used to
refinance all of the company's existing bank debt, and pay
transaction-related fees. The ratings of the existing first lien
term loan and revolver will be withdrawn upon completion of the
refinancing.

The assignment of B2 to the newly proposed senior secured first
lien credit facilities ratings is in line with the B2 Corporate
Family Rating, as the first lien debt will represent the
preponderance of the company's obligations following the
refinancing.

Moody's took the following rating actions on Plaze, Inc.:

Assignments:

Gtd Senior Secured First Lien Revolving Credit Facility, Assigned
B2 (LGD4)

Gtd Senior Secured First Lien Term Loan, Assigned B2 (LGD4)

Affirmations:

Corporate Family Rating, Affirmed B2

Probability of Default Rating, Affirmed B2-PD

Outlook Actions:

Outlook, Remains Stable

RATINGS RATIONALE

Plaze, Inc.'s B2 CFR broadly reflects its high financial leverage
of 5.6 times (on Moody's adjusted basis), resulting from the
company's aggressive debt financed acquisitive nature. The credit
profile also reflects Plaze's niche focus in the mature and highly
competitive North American aerosol market. Plaze benefits from the
stability of demand in many of the company's end markets due to the
consumable nature of the product offerings, which include household
and personal care products, along with its flexible manufacturing
capabilities, long-standing relationships with a diversified
customer base, and a good competitive position relative to smaller
specialty aerosol manufacturers. The rating is supported by the
company's ability to improve margins through operational
initiatives, including purchasing efficiencies and consolidation,
growing revenue scale, and solid interest coverage metrics.

The stable outlook reflects Moody's expectations that low single
digit organic revenue and earnings growth will contribute to the
company's de-leveraging over the next 12 to 18 months. The outlook
also presumes that Plaze will undertake a disciplined approach to
acquisitions, while maintaining a good liquidity position.

The ratings could be downgraded if the company experiences
significant decline in revenues or margins, particularly if this is
precipitated by a significant loss of customer accounts. Lower
ratings could also ensue if the pace of acquisitions accelerates,
if the company pursues shareholder-friendly activities, or if
liquidity deteriorates. Adjusted debt to EBITDA sustained above
6.0x. or retained cash flow to debt below 5% would warrant a lower
rating consideration.

The ratings could be upgraded if the company achieves robust
revenue growth while increasing operating margins, resulting in
strong free cash flow generation and debt reduction. A demonstrated
commitment to conservative financial policies, strong liquidity,
and a modest and manageable pace of acquisitions will also be key
factors to a higher rating consideration. Credit metrics sustained
at the following levels would support an upgrade: adjusted debt to
EBITDA approaching 4.0x, EBITA to interest in excess of 3.0x, and
retained cash flow to debt of above 15%

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

Plaze, Inc., headquartered in Downers Grove, Illinois, is a
manufacturer and marketer of specialty aerosol products including
cleaners, disinfectants, lubricants, air fresheners,
antiperspirants, sunscreen, polishes, adhesives and insecticides
for the North American market. The company has approximately 500
proprietary aerosol formulations and serves janitorial, sanitation,
industrial, automotive, paint, glass, personal care and other end
markets. In July 2015, Plaze was acquired by Pritzker Private
Capital. For the LTM period ended March 31, 2019, Plaze generated
approximately $795 million in revenue.


PRECISION DRILLING: Moody's Raises CFR to B1, Outlook Stable
------------------------------------------------------------
Moody's Investors Service upgraded Precision Drilling Corporation'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-1 from
SGL-2. The outlook remains stable.

"The rating upgrade to B1 for Precision reflects the roughly US$225
million in debt reduction that has occurred since the beginning of
2018 and further debt reduction that will occur, leading to
leverage below 4x in 2020," said Paresh Chari VP-Senior Analyst
"Precision also continues to expand its top tier rig fleet through
contracted rig upgrades despite a largely no growth environment."

Upgrades:

Issuer: Precision Drilling Corporation

Corporate Family Rating, Upgraded to B1 from B2

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

Speculative Grade Liquidity Rating, Upgraded to SGL-1 from SGL-2

Senior Unsecured Regular Bond/Debenture, Upgraded to B2 (LGD4) from
B3 (LGD4)

Outlook Actions:

Issuer: Precision Drilling Corporation

Outlook, Remains Stable

RATINGS RATIONALE

Precision Drilling's B1 CFR benefits from: 1) declining leverage
that should fall below 4x in 2020 through the company's debt
reduction efforts; 2) very good liquidity that will lead to
positive free cash flow of about C$100 million in 2019 and 2020,
which Moody's expects will be allocated to debt reduction; 3) broad
North American diversification and access to Middle East markets;
and 4) its high quality rig fleet. Precision's credit profile is
challenged by: 1) the low number of rigs under contract at about
25% of the total fleet for 2019 which will decrease to less than
10% in 2020; 2) exposure to the cyclical drilling market which was
recovering in 2018, but has stalled in 2019 and will likely remain
so without commodity price improvement; and 3) high exposure to the
weaker Canadian market with little improvement in day rates or
utilization.

Precision's senior unsecured notes are rated B2, one notch below
the B1 CFR, reflecting the priority ranking of the US$500 million
revolving credit facility in the capital structure.

Precision's SGL-1 liquidity rating reflects very good liquidity.
Precision's estimated cash at June 30, 2019, was roughly C$70
million and the US$500 million secured revolving credit facility
due November 2022 was undrawn. Moody's expects positive free cash
flow of about C$100 million through the second quarter 2020.
Moody's expects Precision will be in compliance with its two
financial covenants. Alternative sources of liquidity are limited
principally to the sale of Precision's existing drilling rigs and
completion and well service rigs, which are largely encumbered.

The stable outlook reflects Moody's expectation that EBITDA will be
relatively steady but debt will reduce, supporting leverage of
below 4x in 2020.

The ratings could be upgraded if debt to EBITDA is below 3x and if
Precision can maintain or increase market share.

The ratings could be downgraded if debt to EBITDA is above 4.5x or
if Precision's market share declines.

Precision is a Calgary, Alberta-based onshore driller that also
provides well completion and production services to exploration and
production companies in major hydrocarbon basins across North
America.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in May 2017.


REAGOR-DYKES MOTORS: Citizens Objects to Disclosure Statement
-------------------------------------------------------------
Citizens State Bank objects to the approval of the Modified
Disclosure Statement for the First Amended Joint Plan of
Reorganization for Reagor-Dykes Auto Group.

Citizens points out that there are multiple references to "Plan
Supplement Document(s)," which are not included in the Disclosure
Statement.

Citizens further points out that the Disclosure Statement is
inadequate without these critical documents and the information
contained therein.

According to Citizens, the Disclosure Statement and Amended Plan do
not contain sufficient information to properly analyze the Debtor's
liquidation analysis or the anticipated distribution of funds in
satisfaction of Citizens' Claim.

Citizens asserts that the Disclosure Statement fails to provide
adequate explanation of the scope of injunction as it may apply to
Citizens' claims and why the Debtors' Officers should be release
from such liability.

Attorneys for Citizens:

     Paul D. Stipanovic, Esq.
     GOSSETT, HARRISON,
        MILLICAN & STIPANOVIC, P.C.
     P.O. Drawer 911
     San Angelo, TX 76902
     Tel: (325) 653-3291
     Fax: (325) 655-6838

                  About Reagor-Dykes Motors

Dykes Auto Group -- https://www.reagordykesautogroup.com/ -- is a
dealer of automobiles headquartered in Lubbock, Texas.  The Company
offers new and used vehicles, automobile parts, and other related
accessories, as well as car financing, leasing, repair, and
maintenance services. Some of its new vehicles include brands like
Ford, Toyota, GMC, Cadillac, Chevrolet and Buick.

Reagor-Dykes Motors, LP, based in Lubbock, TX, and its
debtor-affiliates sought Chapter 11 protection (Bankr. N.D. Tex.
Lead Case No. 18-50214) on Aug. 1, 2018.  In its petition, the
Debtors estimated $10 million to $50 million in both assets and
liabilities. The petition was signed by Bart Reagor, managing
member of Reagor Auto Mall I, LLC, general manager and Rick Dykes,
managing member of Reagor Auto Mall I, LLC, general partner.

The Hon. Robert L. Jones oversees the case.  

Mullin Hoard & Brown, L.L.P., led by David R. Langston, Esq., is
serving as bankruptcy counsel to the Debtor.  BlackBriar Advisors
LLC personnel is serving as CRO for the Debtor.


REAGOR-DYKES MOTORS: First Bank Objects to Disclosure Statement
---------------------------------------------------------------
First Bank & Trust, a creditor in the bankruptcy case filed by
Reagor Auto Mall, Ltd., objects to approval by the Court of the
Disclosure Statement for First Amended Joint Plan of Reorganization
for Reagor-Dykes Auto Group.

First Bank complains that the Disclosure Statement fails to address
the fact that automatic stay relief has been granted on virtually
all of the assets of the Debtors and such assets have been
repossessed and sold in foreclosure or will be prior to a plan
confirmation hearing.

First Bank points out that the Disclosure Statement does not
explain how this disparate treatment is fair and equitable and
non-discriminatory.

First Bank asserts that the Disclosure Statement fails to explain
how any recoveries can be more efficiently made by reorganized
Debtors than a bankruptcy trustee.

According to First Bank, the Debtors seek to pursue post
confirmation litigation to fund repayment of administrative claims
when there is little or no prospect for payment of unsecured claims
since the assets of the Debtors are largely gone.

Attorneys for First Bank:

     Mark S. Carder, Esq.
     Paul B. Lackey, Esq.
     Matthew R. Miller, Esq.
     STINSON LLP
     3102 Oak Lawn Avenue, Suite 777
     Dallas, Texas 75219-4259
     Telephone: (214) 560-2201
     Telecopier: (214) 560-2203
     Email: paul.lackey@stinson.com
            matt.miller@stinson.com

                     About Reagor-Dykes Motors

Dykes Auto Group -- https://www.reagordykesautogroup.com/ -- is a
dealer of automobiles headquartered in Lubbock, Texas.  The Company
offers new and used vehicles, automobile parts, and other related
accessories, as well as car financing, leasing, repair, and
maintenance services. Some of its new vehicles include brands like
Ford, Toyota, GMC, Cadillac, Chevrolet and Buick.

Reagor-Dykes Motors, LP, based in Lubbock, TX, and its
debtor-affiliates sought Chapter 11 protection (Bankr. N.D. Tex.
Lead Case No. 18-50214) on Aug. 1, 2018.  In its petition, the
Debtors estimated $10 million to $50 million in both assets and
liabilities. The petition was signed by Bart Reagor, managing
member of Reagor Auto Mall I, LLC, general manager and Rick Dykes,
managing member of Reagor Auto Mall I, LLC, general partner.

The Hon. Robert L. Jones oversees the case.  

Mullin Hoard & Brown, L.L.P., led by David R. Langston, Esq., is
serving as bankruptcy counsel to the Debtor.  BlackBriar Advisors
LLC personnel is serving as CRO for the Debtor.


REAGOR-DYKES MOTORS: Glasscock Objects to Disclosure Statement
--------------------------------------------------------------
Glasscock Chevrolet, Inc., objects to the approval of the
disclosure statement explaining Reagor-Dykes Motors, LP, et al.'s
First Amended Joint Plan of Reorganization.

Glasscock points out that the debtors have not given all material
information so that Glasscock can make an intelligent decision as
to whether to vote for or against the plan.

Glasscock does not know, with certainty, which property is going to
comprise the Liquidation Trust and how it will be provided.

Attorney for Glasscock:

     Michael S. Uryasz, Esq.
     GREAK LAW, P.C.
     8008 Slide Road, Suite 30
     Lubbock, Texas 79424
     Tel: (806) 783-0081
     Fax: (888) 242-1325
     Email: muryasz@greaklaw.com

                     About Reagor-Dykes Motors

Dykes Auto Group -- https://www.reagordykesautogroup.com/ -- is a
dealer of automobiles headquartered in Lubbock, Texas.  The Company
offers new and used vehicles, automobile parts, and other related
accessories, as well as car financing, leasing, repair, and
maintenance services. Some of its new vehicles include brands like
Ford, Toyota, GMC, Cadillac, Chevrolet and Buick.

Reagor-Dykes Motors, LP, based in Lubbock, TX, and its
debtor-affiliates sought Chapter 11 protection (Bankr. N.D. Tex.
Lead Case No. 18-50214) on Aug. 1, 2018.  In its petition, the
Debtors estimated $10 million to $50 million in both assets and
liabilities. The petition was signed by Bart Reagor, managing
member of Reagor Auto Mall I, LLC, general manager and Rick Dykes,
managing member of Reagor Auto Mall I, LLC, general partner.

The Hon. Robert L. Jones oversees the case.  

Mullin Hoard & Brown, L.L.P., led by David R. Langston, Esq., is
serving as bankruptcy counsel to the Debtor.  BlackBriar Advisors
LLC personnel is serving as CRO for the Debtor.


REAGOR-DYKES MOTORS: GM Financial Objects to Disclosure Statement
-----------------------------------------------------------------
AmeriCredit Financial Services, Inc., d/b/a GM Financial ("GM
Financial"), objects to the Disclosure Statement for First Amended
Joint Plan of Reorganization for Reagor-Dykes Auto.

GM Financial points out that the Disclosure Statement is the lack
of information explaining the inability of the Debtors to clearly
propose a plan of restructuring so that it must at the same time
present a liquidation alternative.

GM Financial further points out that the creditors are not informed
why the restructuring plan cannot be solely presented, but are
instead left to infer that it is because of the lack of a Plan
Sponsor which will be providing the new capital for the reorganized
debtors, which Plan Sponsor will not be named until the Plan
Supplement Documents are filed, which documents are not scheduled
to be filed until ten days prior to the need to vote on the Plan.

GM Financial asserts that the Disclosure Statement fails to
identify the specific parties which are intended by the Plan to be
released and/or exculpated.

According to GM Financial, Bart Reagor and Rick Dykes undoubtedly
are intended recipients of these Sections, but the Disclosure
Statement should specifically identify them as an intended
beneficiary and should also specifically identify all other known
individuals for whom the Plan contemplates a release or
exculpation.

Counsel for GM Financial:

     Stephen P. Strohschein, Esq.
     MCGLINCHEY STAFFORD, PLLC
     301 Main Street, 14th Floor
     Baton Rouge, Louisiana 70801
     Telephone: (225) 383-9000
     Facsimile: (225) 343-3076
     Email: sstroh@mcglinchey.com

        -- and --

     R. Dwayne Danner, Esq.
     MCGLINCHEY STAFFORD, PLLC
     Three Energy Square
     6688 North Central Expressway, Ste. 400
     Dallas, Texas 75206
     Telephone: (214) 445-2445
     Facsimile: (214) 445-2450
     Email: ddanner@mcglinchey.com

                     About Reagor-Dykes Motors

Dykes Auto Group -- https://www.reagordykesautogroup.com/ -- is a
dealer of automobiles headquartered in Lubbock, Texas.  The Company
offers new and used vehicles, automobile parts, and other related
accessories, as well as car financing, leasing, repair, and
maintenance services. Some of its new vehicles include brands like
Ford, Toyota, GMC, Cadillac, Chevrolet and Buick.

Reagor-Dykes Motors, LP, based in Lubbock, TX, and its
debtor-affiliates sought Chapter 11 protection (Bankr. N.D. Tex.
Lead Case No. 18-50214) on Aug. 1, 2018.  In its petition, the
Debtors estimated $10 million to $50 million in both assets and
liabilities. The petition was signed by Bart Reagor, managing
member of Reagor Auto Mall I, LLC, general manager and Rick Dykes,
managing member of Reagor Auto Mall I, LLC, general partner.

The Hon. Robert L. Jones oversees the case.  

Mullin Hoard & Brown, L.L.P., led by David R. Langston, Esq., is
serving as bankruptcy counsel to the Debtor.  BlackBriar Advisors
LLC personnel is serving as CRO for the Debtor.


REAGOR-DYKES MOTORS: GM Objects to Disclosure Statement
-------------------------------------------------------
General Motors LLC objects to the Modified Disclosure Statement for
First Amended Joint Plan of Reorganization for Reagor Dykes Auto
Group.

GM asserts that the Debtors and their professionals have tried many
paths to reorganize, the upshot of the current status is that a
restructuring plan is not in the cards.

GM points out that the Texas Department of Motor Vehicles has
already determined that the Snyder Debtor's franchise was
terminated for reasons independent of the bankruptcy (the franchise
expired) while they have also determined that the Floydada Debtor's
franchise expired (failure to timely protest).

GM further points out that both franchises failed to meet the
criteria required to maintain their status.

Attorneys for GM:

     Mark E. Andrews, Esq.
     Aaron M. Kaufman, Esq.
     Jane A. Gerber, Esq.
     DYKEMA GOSSETT PLLC
     1717 Main Street, Suite 4200
     Dallas, TX 75201
     Telephone: (214) 462-6400
     Facsimile: (214) 462-6401
     Email: mandrews@dykema.com
            akaufman@dykema.com
            jgerber@dykema.com

                     About Reagor-Dykes Motors

Dykes Auto Group -- https://www.reagordykesautogroup.com/ -- is a
dealer of automobiles headquartered in Lubbock, Texas.  The Company
offers new and used vehicles, automobile parts, and other related
accessories, as well as car financing, leasing, repair, and
maintenance services. Some of its new vehicles include brands like
Ford, Toyota, GMC, Cadillac, Chevrolet and Buick.

Reagor-Dykes Motors, LP, based in Lubbock, TX, and its
debtor-affiliates sought Chapter 11 protection (Bankr. N.D. Tex.
Lead Case No. 18-50214) on Aug. 1, 2018.  In its petition, the
Debtors estimated $10 million to $50 million in both assets and
liabilities. The petition was signed by Bart Reagor, managing
member of Reagor Auto Mall I, LLC, general manager and Rick Dykes,
managing member of Reagor Auto Mall I, LLC, general partner.

The Hon. Robert L. Jones oversees the case.  

Mullin Hoard & Brown, L.L.P., led by David R. Langston, Esq., is
serving as bankruptcy counsel to the Debtor.  BlackBriar Advisors
LLC personnel is serving as CRO for the Debtor.


REAGOR-DYKES MOTORS: MUSA Objects to Disclosure Statement
---------------------------------------------------------
MUSA Auto Finance, LLC, and MUSA Auto Leasing (hereinafter,
collectively "MUSA"), a creditor and party-in-interest, objects to
the Modified Disclosure Statement For First Amended Joint Plan of
Reorganization for Reagor-Dykes Auto Group.

MUSA complains that the Modified Disclosure Statement and Amended
Plan fail to provide adequate information as to why Debtors'
officers -- who are unnamed -- are entitled to the benefit of a
permanent injunction for liabilities owed to creditors.

According to MUSA, the Modified Disclosure Statement nor the
Amended Plan reveals any "unusual circumstances" justifying the
imposition of a permanent injunction against MUSA or other
similarly-situated creditors and parties-in-interests who may have
claims or causes of action against the Debtors' officers, whether
those claims arise from personal guaranty agreements or otherwise.

MUSA asserts that the disclosure statement must contain "adequate
information" in order to be approved.

MUSA points out that the Debtors are only making an impermissible
selective disclosure, rendering it impossible for a creditor or
holder of a claim to make an informed decision on whether to vote
for the Amended Plan.

Attorneys for MUSA:

     Alan B. Padfield, Esq.
     Christopher V. Arisco, Esq.
     Jeffrey V. Leaverton, Esq.
     PADFIELD & STOUT, L.L.P.
     420 Throckmorton Street, Suite 1210
     Fort Worth, Texas 76102
     Tel: (817) 338-1616
     Fax: (817) 338-1610
     Email: abp@padfieldstout.com
            carisco@padfieldstout.com
            jleaverton@padfieldstout.com

                     About Reagor-Dykes Motors

Dykes Auto Group -- https://www.reagordykesautogroup.com/ -- is a
dealer of automobiles headquartered in Lubbock, Texas.  The Company
offers new and used vehicles, automobile parts, and other related
accessories, as well as car financing, leasing, repair, and
maintenance services. Some of its new vehicles include brands like
Ford, Toyota, GMC, Cadillac, Chevrolet and Buick.

Reagor-Dykes Motors, LP, based in Lubbock, TX, and its
debtor-affiliates sought Chapter 11 protection (Bankr. N.D. Tex.
Lead Case No. 18-50214) on Aug. 1, 2018.  In its petition, the
Debtors estimated $10 million to $50 million in both assets and
liabilities. The petition was signed by Bart Reagor, managing
member of Reagor Auto Mall I, LLC, general manager and Rick Dykes,
managing member of Reagor Auto Mall I, LLC, general partner.

The Hon. Robert L. Jones oversees the case.  

Mullin Hoard & Brown, L.L.P., led by David R. Langston, Esq., is
serving as bankruptcy counsel to the Debtor.  BlackBriar Advisors
LLC personnel is serving as CRO for the Debtor.


RENT-A-CENTER INC: S&P Upgrades ICR to 'BB-', Outlook Stable
------------------------------------------------------------
S&P Global Ratings raised the issuer credit rating to 'BB-' from
'B' on Plano, Texas-based rent-to-own retailer Rent-A-Center Inc.
(RCII), which is refinancing its capital structure and reducing
debt by roughly 60%. S&P also assigned its 'BB-' issue-level rating
to the company's proposed $200 million term loan B facility. The
recovery rating is '3'.

The upgrade reflects a significant reduction in total debt
following the refinancing, S&P's expectations for stability after
past volatile performance due to strategic missteps, and the
recently announced acquisition of Merchants Preferred.

RCII's refinancing will reduce total debt by more than half,
leading to adjusted leverage of around 2x. The company will be
refinancing its existing capital structure consisting of $542.7
million of senior notes and a $200 million asset based lending
revolver (ABL), with a $200 million term loan B and a $300 million
ABL revolver. S&P said, "We project that following the transaction
total lease-adjusted debt to EBITDA will slightly exceed 2x in
fiscal 2019, and decline to less than 2x in fiscal 2020. In our
view the substantial deleveraging and use of roughly $300 million
of cash to support the refinancing, demonstrates RCII's commitment
to a more disciplined financial policy."

Total interest expense will be roughly halved with this
transaction, which is another credit positive in S&P's view. The
lowered interest burden and larger ABL facility enhance RCII's
liquidity and gives it greater ability to absorb negative external
impacts.

S&P said, "However, we continue to view the rent-to-own business as
a subsector of retail that is highly volatile, given the inherent
risks of subprime consumer financing. Due to this risk, it is our
view that RCII needs to maintain a greater level of financial
conservatism than similarly rated retail peers.

"The stable outlook reflects our view that operating performance at
RCII will stabilize and continued cost reduction efforts will lead
to modest expansion in EBITDA over the next 12 months.

"We could lower the rating if we expect adjusted debt to EBITDA to
approach 4x and we see significant pressure on cash flows in an
operating trough. This could occur if operating performance falls
below our expectations, leading to minimal EBITDA expansion and
negative same-store sales. We would also consider a lower rating if
a shift in financial policy to a more aggressive stance resulted in
debt-funded share repurchases or dividends in the coming year.

"We could raise the rating if RCII can successfully expand market
share in the rent-to-own segment of the retailing industry, while
maintaining good same-store sales trends and improving adjusted
EBITDA margins by 150 bps above our expectations. This would lead
us to believe that the company's competitive position has
strengthened."


RUI HOLDING: Sets Sale Procedures for Assets
--------------------------------------------
RUI Holding Corp. and affiliates ask the U.S. Bankruptcy Court for
the District of Delaware to authorize the procedures in connection
with the sale of assets at auction, free and clear of any and all
liens, claims, or interests.

As of the Petition Date, the Debtors lacked the funds necessary to
meet projected short-term cash needs due to a lack of availability
under the prepetition credit agreement and lower than expected cash
flow from operations.  As of the Petition Date, the Obligations
owed by the Debtors to the Pre-Petition Lenders under the
Prepetition Credit Agreement totaled not less than $37,741,727 in
aggregate outstanding principal plus accrued and unpaid interest
with respect thereto of $1,703,031 as of June 30, 2019.

The Debtors, in the exercise of their considered business judgment,
and after consultation with the Pre-Petition Agent and Pre-Petition
Lenders regarding an agreeable path forward, determined that the
only path forward that could preserve and maximize value of their
assets for the benefit of their estates and creditors is to ask
approval of an expeditious sale of their assets through a chapter
11 process.  

The Debtors commenced these Chapter 11 Cases to conduct prompt
sales of all or substantially all of their assets with the goal of
maximizing value for all stakeholders.  Consummation of a sale
transaction of the Purchased Assets as soon as possible is in the
best interests of the Debtors' estates.  Their ability to use Cash
Collateral and access additional liquidity through the available
DIP financing will only support the sale process contemplated by
the Motion and thereby necessitates the completion of a Sale of all
of the Purchased Assets as expeditiously as possible.

As more specifically set forth in the First Day Declaration, the
Debtors' operate 18 different restaurant brands in 35 locations
throughout six states.  They are offering for sale all of their
assets associated with the operation of their Business.

A summary of the key elements of the Sale as will be set forth in
the form of APA includes, inter alia:

     a. Purchaser: TBD

     b. Sellers:  RU Corp., Restaurants Unlimited, Inc.,
Restaurants Unlimited Texas, Inc. and RU Holding Corp.

     c. Purchase Price (other than Assumed Liabilities): TBD

     d. Purchased Assets: The Buyer will purchase all operating
assets, receivables, cash, licenses, trade-names, trademarks,
Assumed Contracts, equipment and inventory required to operate
retail restaurant operations at the "Operating Locations" and
"Run-Out Locations"

     e. Assumed Liabilities: The following liabilities will be
assumed by the Purchaser at Closing: (a) 503(b)(9) claims, subject
to reconciliation; (b) PACA/PASA claims, subject to reconciliation;
(c) Accrued Payroll & Taxes, including the accrued quarterly
operating bonuses; (d) all Accrued Employee Benefits, including but
not limited to unpaid wages, health care costs, paid time off, and
vacation time; and  (e) all Sales & Use Taxes accrued through the
Closing Date; (f) all Gift Card Liability; (g) all cure costs
associated with Assumed Contracts and all obligations under such
Assumed Contracts from and after the Closing Date.

     f. Transition Services: To the extent necessary, the Debtors
will allow the Buyer to use various licenses for a reasonable time
period, and the Seller will use best efforts to facilitate the
timely transfer of licenses to the Buyer.

     g. Closing Date: The APA sets forth the conditions and terms
for the Closing of the Sale, and the APA provides an outside
Closing date of Sept. 26, 2019.

The Debtors' proposed timeline is to conduct the Auction and Sale
Hearing during the week of Sept. 16, 2019, with other related
proposed dates, subject to Court availability and approval, as set
forth below:

     a. Petition Date - July 7, 2019 Filing of Combined Sale
Procedures and Sale Motion

     b. Aug. 13, 2019 - Sale Procedures Objection Deadline

     c. Aug. 20, 2019 - Sale Procedures Hearing

     d. Aug. 23, 2019 - Mailing Deadline

     e. Sept. 12, 2019 - Sale Objection Deadline

     f. Sept. 12, 2019 - Contract Objection Deadlines

     g. Sept. 13, 2019 - Bid Deadline

     h. Sept. 17, 2019 - Auction

     i. Sept. 19, 2019 - Sale Hearing

     j. Sept. 26, 2019 - Closing Date

In May 2019, the Debtors engaged Configure Partners, LLC as their
proposed investment banker to locate investors and to continue to
market their assets for sale, to assist in the evaluation of
strategic alternatives, including the sale of the Company, or other
alternatives, such as the closure of additional restaurants.

The Debtors are encouraged by the interest in a sale transaction
from prospective third party buyers.  They, however, have not yet
finalized an initial or "stalking horse" agreement for their
Purchased Assets.  Consequently, the best option to obtain the
highest and best offer for the Purchased Assets is pursuant to the
Sale Procedures.

The Debtors are in the process of preparing a form asset purchase
agreement which will be filed with the Court and provided to the
Potential Bidders.  The Potential Bidders will be required to
submit a revised APA to the Debtors on or before the Bid Deadline.
The Debtors will also entertain the possibility of entering into an
agreement in the form of a revised APA with a stalking horse
purchaser prior to the Bid Procedures Hearing.  

As is customary, if the Debtors select a Stalking Horse Purchaser,
the Debtors would likely seek approval of certain bid protections,
including one or more of the following: break up fee, expense
reimbursement, modifications or amendments to the Sale Procedures,
or other limited bid protections.  Accordingly, the Debtors are
reserving the right to request that the Court approves their
selection of a Stalking Horse Purchaser and approval of any
Stalking Horse Bid Protections with appropriate notice thereof.

The Debtors ask approval of the following notice procedures in
connection with the Auction and Sale:

     (a) The Debtors propose that the Sale Hearing be held on Sept.
19, 2019 subject to the Court's calendar, or such other date and
time that the Court may direct.

     (b) Within two business days after entry of the Sale
Procedures Order, the Debtors will serve the Sale Notice upoon all
Notice Parties.

     (c) The Debtors propose that objections to the approval of the
sale of Purchased Assets to one or more Prevailing Bidders must be
filed by no later than 4:00 p.m. (ET) on April 18, 2019.

In order to participate in the bidding process, the Auction, or
otherwise be considered for any purpose, a person interested in
purchasing the Purchased Assets must first deliver Confidentiality
Agreement to the Debtors and their counsel.  The advisors to the
Debtors will provide these Sale Procedures, together with a copy of
the form Asset Purchase Agreement to be filed separately with the
Court, to each Potential Bidder.

A Bid will be considered a Qualified Aggregate Bid only if the Bid
is for the sale of all or substantially all of the Purchased
Assets.  The purchase price will be paid in cash, cash equivalents,
assumption of debt, or such other consideration acceptable to the
Debtors, in consultation with the DIP Agent and the Pre-Petition
Agent.  The Bidder will provide by wire transfer of immediately
available funds to the Debtors or an appropriate escrow agent
before the Bid Deadline of an earnest money deposit equal to
the greater of (X) 10% of the dollar amount of the purchase price
of such Bid; or (Y) 10% of the value otherwise ascribed to such
Bid.

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

Subject to the consent of the DIP Agent and the Pre-Petition Agent,
the Debtors may ask authority prior to the Sale Procedures Hearing
to enter into a Stalking Horse Agreement with a Stalking Horse
Purchaser who agrees to provide a Qualified Aggregate Bid for
substantially all of the Purchased Assets that will serve as a
stalking horse bid at the Auction and offer to such Stalking Horse
Purchaser, as an actual and necessary cost and expense of
preserving the value of the Debtors’ estates, (i) a break-up fee
in an amount not to exceed 3% of the total guaranteed cash price
contained in its Initial Highest Bid and (ii) expense reimbursement
of actual documented out of pocket expenses up to an agreed cap.

The Debtors are authorized to conduct the Auction in accordance
with such procedures and requirements as may be established at the
discretion of the Debtors.  The Qualified Bid that is deemed the
Initial Highest Bid will be the first Qualified Bid to begin the
Auction.  Additional Qualified Bids must be made in increments
greater than the prior Qualified Bid plus $250,000 or such other
increment as determined by the Debtors.

The Pre-Petition Agent and the DIP Agent, or either of them, or
their designees, will be entitled to credit bid all or a portion of
the outstanding obligations under the Prepetition Credit Agreement
or the DIP Agreement in accordance with section 363(k) of the
Bankruptcy Code and as directed by the Pre-Petition Lenders and DIP
Lenders, as applicable, pursuant to the DIP Agreement.  

The Debtors ask authority, in the exercise of their sound business
judgment, and subject to the consent of the DIP Agent and the
Pre-Petition Agent, to reserve the right to seek the Court's later
approval, of an Expense Reimbursement and a Break-Up Fee in an
amount not to exceed 3% of the total guaranteed cash price offered
by a Qualified Bidder who agrees to provide a Qualified Bid for the
Purchased Assets that will serve as Stalking Horse Purchaser at the
Auction.

By the Mailing Deadline, which is two business days after entry of
the Sale Procedures Order, the Debtors will file with the Court and
will serve an Assignment Notice an executory contract or unexpired
lease with any of the Debtors that may be assumed and assigned to
the Prevailing Bidder.  The Cure/Assignment Objection Deadline is
30 days after the Mailing Deadline

The Debtors ask entry of two orders.  The first order is the Sale
Procedures Order (a) authorizing and approving procedures for (i)
submitting bids for the sale or sales of the Debtors' assets and
(ii) conducting an auction for the Purchased Assets; (b)
authorizing the Debtors, in their discretion, to enter into an
asset purchase agreement with a stalking horse purchaser subject to
Court approval of any stalking horse protections; (c) authorizing
and approving procedures for the assumption and assignment of
certain executory contracts in connection with the sale of the
Purchased Assets; (d) scheduling (i) a deadline to submit bids for
the Purchased Assets, (ii) the date and time of the Auction, and
(iii) the date and time of the hearing to consider the approval of
the proposed sale of the Purchased Assets; (e) authorizing the form
and manner of notices with respect to the Sale; and (d) granting
related relief.   

The second order is the Sale Order (a) authorizing the Sale or
Sales of the Purchased Assets to the successful bidder(s) free and
clear of all liens, claims, interests, and encumbrances; (b)
authorizing the assumption and assignment of certain unexpired
leases and executory contracts in connection with the Sale; and (c)
granting certain related relief as set forth in the Motion.

Finally, the Debtors are asking relief from the 14-day stay imposed
by Rules 6004(h) and 6006(d).

A copy of the Sales Procedures attached to the Motion is available
for free at:

    http://bankrupt.com/misc/RUI_Holding_15_Sales.pdfLINK

                    About RUI Holding Corp.

RUI Holding Corp. and its subsidiaries -- https://www.r-u-i.com/ --
operate 18 different restaurant brands in 35 locations throughout
six states.  Unique restaurant concepts run by the companies
include Portland City Grill, Palisade, Cutters Crabhouse, and
Skates on the Bay.  The companies' multi-unit brands include
Kincaid's, Palomino, Henry's Tavern, Portland Seafood Company and
Stanford's.  

The companies have 1,885 part-time hourly employees, 168 full-time
restaurant salaried employees, and 50 salaried employees at their
corporate headquarters in Seattle.

RUI Holding and its subsidiaries sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11509) on
July 7, 2019.  At the time of the filing, the Debtors disclosed
assets of between $50 million and $100 million and liabilities of
the same range.

The Debtors tapped Klehr Harrison Harvey Branzburg LLP as
bankruptcy counsel; Configure Partners LLC as investment banker;
Carl Marks Advisory Group LLC as restructuring advisor; and Epiq
Corporate Restructuring, LLC as claims and noticing agent.


SANCHEZ ENERGY: S&P Lowers ICR to 'CC' on Deferred Coupon Payment
-----------------------------------------------------------------
S&P Global Ratings lowered its long-term issuer credit rating on
U.S.-based exploration and production company Sanchez Energy Corp.
to 'CC' from 'CCC', its issue-level ratings on the company's senior
secured debt to 'CCC' from 'B-' and its senior unsecured debt to
'C' from 'CCC-'.

The downgrade follows Sanchez's announcement that it has decided to
defer the coupon payment on its 6.125% senior unsecured notes
maturing 2023 ($1.15 billion outstanding as of March 31, 2019). The
payment due date was July 15, 2019, and Sanchez is using the 30-day
grace period provided in the notes' indenture because it is in the
process of restructuring its debt. On Dec. 4, 2018, the company
announced that it had engaged Moelis & Company LLC as financial
advisor to explore strategic alternatives to strengthen its balance
sheet.

The negative outlook reflects the likelihood that S&P will lower
the issuer credit rating on Sanchez to 'D' if the company does not
pay the coupon within the 30-day grace period or 'SD' (selective
default) if the company engages in a distressed debt exchange for
its senior unsecured notes.


SCHAEFER AMBULANCE: BidMed Auction of Medical Related Assets Okayed
-------------------------------------------------------------------
Judge Neil W. Bason of the U.S. Bankruptcy Court for the Central
District of California authorized Schaefer Ambulance Service,
Inc.'s auction sale of medical related assets reflected in the
itemized inventory (Exhibit 2) to be conducted by BidMed, LLC.

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

The sale is free and clear of any and all interests, liens, claims
and encumbrances of any kind, except any lien in favor of TCF
National Bank arising in connection with TCF's agreement with any
buyer to finance the purchase from the Estate of any vehicle
constituting TCF Property, and neither the Debtor nor the Estate
will have any liability whatsoever for any such TCF Financing
Lien(s).  All interests, liens, claims and encumbrances, other than
any TCF Financing Lien, will attach to the proceeds of the sale,
which proceeds will be held by the Debtor in a segregated account,
except for such payments to be made to TCF and Cathay as set
forth.

Not later than five business days after the Closing, the Debtor
will file in the Bankruptcy Case the Auctioneer's final Report of
Sale and supporting declaration(s).  Simultaneously, the Auctioneer
will release to the Debtor all proceeds received from the sale,
less the commission and costs due and owing to the Auctioneer, as
reflected in the Report of Sale, and such proceeds will be held by
the Debtor in the Proceeds Account.

Within 10 business days after the Closing, the Debtor will pay to
TCF the proceeds of the sale allocable to the property identified
by TCF in TCF's Proof of Claim filed in this case on June 14, 2019
up to the amount of the Debtor's outstanding debt to TCF of
$1,208,305, plus TCF's attorneys' fees in the amount of $24,364.
Any proceeds received by the Debtor for the sale of the TCF
Property in excess of the TCF Payment will constitute property of
the Estate, free and clear of any liens, and will be held in the
Proceeds Account, as provided.

Within 10 business days after the Closing, the Debtor will pay to
Cathay all proceeds of the sale allocable to the Cathay Collateral,
as determined in the Report of Sale, less the Auctioneer’s 15%
commission and a pro rata share of the Auctioneer's costs.

Within five business days following receipt of the payments
authorized, TCF and Cathay will turnover, release, and transfer to
the Debtor all titles to the vehicles that constitute TCF Property
and Cathay Collateral, respectively.

Notwithstanding any provision in the Order, except with respect to
any vehicle whose purchase from the Estate TCF agrees to finance,
within two business days after entry of the Order, TCF and Cathay
will provide to the Debtor true and correct copies of all titles to
the vehicles that constitute TCF Property and Cathay Collateral,
respectively, to allow the Auctioneer to provide said copies to the
respective buyers at the Closing.  

TCF and Cathay will cooperate with the Debtor and Auctioneer to
provide any and all documents reasonably requested by the Debtor to
effectuate the transfer of the Assets to buyers. Neither TCF nor
Cathay will be responsible for payment of any tax, penalty, fee,
assessment, or other charge imposed by any governmental unit in
connection with the transfer of the Assets to the buyers.

Following the Closing, the Debtor is authorized to abandon and
dispose of any Assets that were not sold by the Auctioneer, without

further Order of the Court.

All rights of the Debtor to assert any claim for the reasonable and
necessary costs and expenses of preserving and selling the Assets
for the benefit of TCF and Cathay pursuant to section 506(c) of the
Bankruptcy Code are preserved.

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

                 About Schaefer Ambulance Service

Schaefer Ambulance Services, Inc. -- http://www.schaeferamb.com/--
is an emergency medical services provider specializing in basic
life support; paramedic; critical care; neonatal; event standbys;
and other specialized medical services.  The Company offers ground
transport for hospitals, urgent care centers, convalescent homes,
physicians, insurance companies, fire departments and
private/public events.  Schaefer Ambulance was founded by Walter
Schaefer in 1932.

Schaefer Ambulance Services filed a Chapter 11 petition (Bankr.
C.D. Cal. Case No. 19-11809) on Feb. 20, 2019.  In the petition
signed by Leslie Maureen McNeal, treasurer, the Debtor estimated $1
million to $10 million in assets and $1 million to $10 million in
liabilities.  

The case is assigned to Judge Neil W. Bason.  

Craig G. Margulies, Esq., at Margulies Faith LLP, is the Debtor's
counsel.

BidMed, LLC, is the asset liquidation broker.


SCHULDNER LLC: Cash Flow from Operations to Fund Proposed Plan
--------------------------------------------------------------
Schuldner, LLC, filed a small business disclosure statement
describing its proposed chapter 11 plan dated June 28, 2019.

Class 6 under the plan consists of all unsecured creditors. This
class will receive a distribution of 100% of their allowed claims,
through principal reduction payments equal to 5% of their claims
annually with a balloon payment payable  at the end of the 75th
month in an amount equal to the balance of their claims such that
100% of their claim will be paid over 75 months. The payment
schedule for the Class 6 claims will be as follows: They will be
paid in an amount equal to 2.5% of each of their claims commencing
on the sixth month following the effective date of the plan with
successive principal reduction payments equal to 2.5% of their
claims each six month period thereafter through the 75th month of
the plan with a balloon payment equal to the remaining balance of
their claims.

Payments and distributions under the plan will be funded by cash
flow from operations, which are projected to be sufficient to make
all payments under the plan. In the event additional funds are
needed to make payments under the plan, Carl Green will be
available to make new value contributions to the debtor.
Historically, Green has made equity contributions to the debtor.

A copy of the Disclosure Statement is available at
https://tinyurl.com/yylp4dur from Pacermonitor.com at no charge.

                     About Schuldner LLC

Schuldner, LLC is a privately held company engaged in activities
related to real estate. It owns 15 single-family rental homes in
Duluth, Minn., with a total appraised value of $1.8 million.

Schuldner filed for Chapter 11 protection (Bankr. D. Minn. Case No.
18-43739) on Nov. 30, 2018.  In the petition signed by Carl L.
Green, president, the Debtor disclosed $1,806,000 in assets and
$1,035,000 in debt.  The Hon. Katherine A. Constantine is the case
judge.


SILVER LAKE RESORTS: Case Summary & 6 Unsecured Creditors
---------------------------------------------------------
Debtor: Silver Lakes Resort Lodge Interval Owners Association
        14818 Clubhouse Drive
        Helendale, CA 92342

Business Description: Silver Lakes Resort Lodge Interval Owners
                      Association is an association of owners of
                      The Inn at Silver Lakes, a resort in
                      Southern California that is affiliated
                      with RCI and Interval International.
                      See https://www.innatsilverlakes.com/

Chapter 11 Petition Date: July 20, 2019

Court: United States Bankruptcy Court
       Central District of California (Riverside)

Case No.: 19-16352

Judge: Hon. Mark S. Wallace

Debtor's Counsel: Teresa A. Blasberg, Esq.
                  BLASBERG & ASSOCIATES
                  141 Carlisle Way
                  Sunnyvale, CA 94087
                  Tel: 213-239-0364
                  E-mail: tablasberg@earthlink.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Edgar A. Darden, V.P. & chief
restructuring officer.

A copy of the Debtor's list of six unsecured creditors is available
for free at:

      http://bankrupt.com/misc/cacb19-16352_creditors.pdf

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

          http://bankrupt.com/misc/cacb19-16352.pdf


SMGR LLC: $265K Sale of Murphy's Cocoa Property to Miner Approved
-----------------------------------------------------------------
Judge Caryl E. Delano of the U.S. Bankruptcy Court for the Middle
District of Florida authorized SMGR, LLC's sale of affiliate Murphy
& Rajan & Investments, LLC's real property located at 4050 West
King Street, Cocoa, Florida to Ann Ann Miner or related assigns for
$455,000, subject to higher and better offers.

A hearing on the Motion was held on July 1, 2019.

The sale is to close by Aug. 30, 2019.

The Debtor will have 14 days from the entry of the order to
consider any higher and better competing offers under the same
terms of the contract with Purchaser (i.e., all cash and "as is").
If it receives a higher and better offer under the same terms of
the contract with Purchaser, the Debtor will be authorized to
execute any documents necessary to consummate the sale of the Real
Property with a new purchaser.  

The liens of any secured creditors will attach to the proceeds from
the sale.

The Debtor is authorized to pay all broker's fees, outstanding real
estate taxes due on the Real Property, and all ordinary and
necessary closing expenses normally attributed to a seller of real
estate at closing.

The remainder of the proceeds from the sale will be paid directly
to Valley National Bank at closing.

The Debtor must provide a copy of the closing statement on the sale
of the property to the office of the United States Trustee within
14 days after the closing date.

The 14-day stay required under Bankruptcy Rule § 6004(h) will be
waived.

                          About SMGR LLC

SMGR, LLC, sought Chapter 11 bankruptcy protection (Bankr. M.D.
Fla. Case No. 18-06846) on Aug. 16, 2018.  In the petition signed
by Sean Murphy, managing member, the Debtor estimated assets of $1
million to $10 million and liabilities of $1 million to $10
million.  Buddy D. Ford, Esq., at Buddy D. Ford, P.A., serves as
the Debtor's bankruptcy counsel.  No official committee of
unsecured creditors has been appointed.

On Oct. 22, 2018, the Court directed the joint administration of
Chapter 11 cases of the Debtor and affiliates 4504 30th Street
West, LLC, Murphy & Rajan Investments, LLC, Elite Vinyl Products,
Inc., Arrow Fence Systems, Inc., Pelican Vinyl Products, LLC.


SOUTH CENTRAL: Court Denies Approval of Disclosure Statement
------------------------------------------------------------
Bankruptcy Judge Jeffrey P. Norman issued an order denying approval
of South Central Houston Action Council, Inc.'s disclosure
statement.

The debtor is granted leave to file an Amended Disclosure Statement
within 14 days of the date of entry of this order.

           About South Central Houston Action Council

South Central Houston Action Council, Inc., which conducts business
under the name Central Care Integrated Health Services, filed a
Chapter 11 bankruptcy petition (Bankr. S.D. Tex. Case No. 19-30371)
on Jan. 28, 2019.  At the time of the filing, the Debtor estimated
assets of less than $50,000 and liabilities of less than $50,000.
The case is assigned to Judge Jeffrey P. Norman.  The Debtor tapped
the Law Office of Nelson M. Jones as its legal counsel.

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


SOVRANO LLC: Unsecured Creditors to be Paid from Gigi's GUC Fund
----------------------------------------------------------------
Sovrano, LLC, and affiliates filed a disclosure statement in
support of their chapter 11 joint plan of reorganization dated July
16, 2019.

The Debtors will reorganize through the Plan by: (1) restructuring
their debt with Equity Bank; (2) continuing as reorganized debtors
to operate the Gatti's pizza chain and franchise; and (3) winding
up, liquidating, and dissolving the Gigi's Debtors. Each Debtor
will continue to exist after the Effective Date as separate
Reorganized Debtor entities.

The Plan contemplates that the Reorganized Debtors and Plan
Administration Agent will make all distributions to creditors
required under the Plan. Debtors anticipate sufficient cash to pay
Administrative Claims in full. Allowed secured claims will be
satisfied from reinstatement of debt, return of collateral, or
otherwise by retaining all liens and rights and remedies for
repayment thereof. Allowed unsecured claims will be satisfied from
one of two funds: the Gigi's GUC Fund or the Gatti's GUC,
administered by the Plan Administration Agent. The Plan also
subordinates all claims of insiders and affiliates to all other
claims. Finally, under the Plan, all equity interests in the
Debtors will be extinguished. New equity interests will issue for
each Equity Interest holder in the applicable Reorganized Debtor,
in exchange for the Cash and Guaranty Contribution made by R. J.
Phillips and Kyle C. Mann.  

Class 6 consists of the allowed General Unsecured Claims against
Sovrano, LLC. Except to the extent that a holder of an Allowed
Class 6 Claim has been paid prior to the Effective Date, or agrees
to a different treatment in writing with the Debtors, Reorganized
Debtors or Plan Administration Agent, or is the subject of an order
entered with respect to the treatment of such Class 6 Claim prior
to the Effective Date, each holder of an Allowed Class 6 Claim will
receive, on or as reasonably practicable after, the later of (i)
the Initial Distribution Date or (ii) the date on which such Class
6 Claim becomes an Allowed Class 6 Claim, in full satisfaction,
settlement, discharge and release of, and in exchange for such
claim, its pro rata share of the Gatti’s GUC Fund.

From and after the Effective Date, each Debtor will continue to
exist after the Effective Date as separate Reorganized Debtor
entities, corporation, limited liability company, partnership, or
other form of entity, as the case may be. Except as otherwise
provided in the Plan, all property of the Gatti's Debtors will vest
on the Plan Effective Date in each of the Reorganized Gatti's
Debtor entities free and clear of all liens, claims and
encumbrances. On the Effective Date, all property of the Gigi's
Debtors will vest in the Reorganized Gigi's Debtors for purposes of
wind down and liquidation, and prosecution of any Causes of Action.
Each Reorganized Gigi's Debtor will continue to exist after the
Effective Date until dissolved in accordance with applicable state
law.

A copy of the Disclosure Statement is available at
https://tinyurl.com/y2hs6tqd from Pacermonitor.co m at no charge.

                     About Sovrano LLC

Sovrano, LLC is a private equity group specializing in lower
middle-market investments. Based in Fort Worth, Texas, the company
invests in the food services or restaurant industry.  In 2015,
Sovrano acquired Gatti's Pizza, a pizza chain founded in 1969.

Sovrano and its subsidiaries filed voluntary Chapter 11 petitions
(Bankr. N.D. Tex., Lead Case No. 19-40067) on Jan. 4, 2019.  The
Hon. Edward L. Morris is assigned to the cases.  In the petitions
signed by Kyle C. Mann, vice chairman, Sovrano estimated assets of
between $10 million and $50 million and liabilities of between $10
million and $50 million.

The Debtors tapped Kelly Hart & Hallman LLP as their bankruptcy
counsel.


SPENGLER PLUMBING: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Spengler Plumbing Company, Inc.
        1402 Frontage Road
        O Fallon, IL 62269-1862

Business Description: Founded in 1971, Spengler Plumbing Company
                      specializes in plumbing and HVAC services.

Chapter 11 Petition Date: July 19, 2019

Court: United States Bankruptcy Court
       Southern District of Illinois (East St Louis)

Case No.: 19-30958

Debtor's Counsel: Steven M. Wallace, Esq.
                  HEPLERBROOM, LLC
                  130 N. Main St, PO Box 510
                  Edwardsville, IL 62025
                  Tel: (618) 307-1185
                       (618) 656-0184
                  Fax: (855) 656-1364
                  E-mail: steven.wallace@heplerbroom.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jason Spengler, president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at:

           http://bankrupt.com/misc/ilsb19-30958.pdf


STAP INDUSTRIES: Rofo-First Buying Louisville Property for $650K
----------------------------------------------------------------
S.T.A.P. Industries, Inc., asks the U.S. Bankruptcy Court for the
Western District of Kentucky to authorize the sale for the gross
price of $650,000 of (i) the commercial real property commonly
known as 461 and 465 Downes Terrace, Louisville, Kentucky to First
Class Asset Management, LLC; and (ii) substantively all tangible
personal property to Rofo, LLC.

According to Thomas W. Wolz, the Debtor's sole shareholder,
director and president), prior to the filing of the Chapter 11,
Business Broker Brian S. Mazar of American Fortune Mergers &
Acquisitions, LLC brought various individuals to inspect the real
property and tangible property, yet nobody conducted any
significant due diligence or showed an interest in purchasing the
assets for any reasonable sum of money.  Thereafter no contact took
place between Mazar and Mr. Wolz regarding any interested party in
assets of the Debtor.

On the other hand, Mr. Wolz has had a business relationship with
the Isac Roths, a member of both the Buyers for more than 20 years.
Periodically, Wolz and Roths would discuss merging or one
purchasing the business of the other.  Mr. Wolz reached out to Mr.
Roths post-petition and such contact culminated in the attached
APA.  Mazar played no role in locating the Buyers; bringing the
Buyers to the Debtor; negotiations between the parties; or the
drafting of the APA.   It is the Debtor's contention and belief
that Mazar is not entitled to any compensation or commission
relating to the transaction.

On June 25, 2019, the Debtor reached an agreement with the Buyers,
who are not insiders of the Debtor, whereby the Buyers agreed to
purchase the assets of the Debtor for the gross price of $650,000.
The Debtor believes the purchase price expressed in the APA
represents a fair value for the assets, and will result in a
greater yield for creditors than would be realized by auction,
master commissioner's sale, or other disposition, and, accordingly,
will minimize claims against the estate.  Furthermore, selling the
real estate will eliminate ongoing expenses of the estate, such as
real estate taxes.  Hence, the Debtor submits that the sale of the
assets constitutes sound business judgment.

Good reason exists for the Court to decline to impose a stay of
effectiveness of the order granting the Motion, because time is of
the essence both to ensuring the sale closes before the July 31,
2019 deadline imposed by the APA and to minimize the estate's
liability for prorated property taxes.  It asks the Court to waive
the 14-day stay contemplated by Rule 6004(h).  It further asks
protections afforded by Section 363(m).

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

    http://bankrupt.com/misc/STAP_Industries_29_Sales.pdf  

The Purchaser:

         ROFO, LLC
         FIRST CLASS ASSET MANAGEMENT, LLC
         Attn: Isac Roths
         1830 Cargo Court
         Louisviile, KY 40299
         Telephone: (502) 240-0560
         E-mail: iroths@firstclassairsupport.com
    
                  About S.T.A.P. Industries Inc.

S.T.A.P. Industries, Inc. is an FAA approved repair station and
EASA Approved located in Louisville, Kentucky.  It provides various
services to the aviation industry, which include custom machine
tooling and fabrication, manufacture of non-powered aviation
ground
support equipment, repair and overhaul of cargo handling systems,
and consignment inventory of cargo handling systems for the world's
largest cargo airlines.

S.T.A.P. Industries filed a voluntary Chapter 11 petition (Bankr.
W.D.K.Y. Case No. 19-30762) on March 14, 2019.  The case is
assigned to Judge Thomas H. Fulton.  David M. Cantor, Esq., at
Seiller Waterman LLC, is the Debtor's counsel.  Brian S. Mazar of
American Fortune Mergers & Acquisitions, LLC, has been tapped as
business broker.


STEARNS HOLDINGS: Davis Polk Advises Bank in Chapter 11 Cases
-------------------------------------------------------------
Davis Polk is advising a leading financial institution, in its
capacity as counterparty under a pre-petition master repurchase
agreement, master securities forward transaction agreement and
certain other agreements, in the ongoing chapter 11 cases of
Stearns Holdings, LLC and its debtor affiliates.  Stearns sought
chapter 11 relief before Judge Shelley C. Chapman in the United
States Bankruptcy Court for the Southern District of New York on
July 9, 2019.  At the first day hearing, Judge Chapman authorized
Stearns to enter into a new $1.5 billion repurchase facility, the
proceeds of which were used to repay the leading financial
institution's prepetition repurchase and forward claims in full.

Stearns is a leading mortgage originator headquartered in Santa
Ana, California.  Stearns sells approximately 80-85% of its loans
to Fannie Mae, Freddie Mac or Ginnie Mae.  The remainder of the
loans are sold to loan aggregators and other investors.

The Davis Polk restructuring team included partner Damian S.
Schaible, counsel Natasha Tsiouris, Erika D. White and Jon Finelli
and associates Thomas S. Green and Daniel E. Meyer.  All members of
the Davis Polk team are based in the New York office.

                     About Stearns Holdings

Stearns Lending, LLC is a provider of mortgage lending services in
Wholesale, Retail, Strategic Alliances, Non-Delegated Correspondent
and Financial Institutions sectors throughout the United States.

Stearns Lending is an equal housing lender and is licensed to
conduct business in 49 states and the District of Columbia.
Additionally, Stearns Lending is an approved HUD (United States
Department of Housing and Urban Development) lender; a Single
Family Issuer for Ginnie Mae (Government National Mortgage
Association); an approved Seller/Servicer for Fannie Mae (Federal
National Mortgage Association); and an approved Seller/Servicer for
Freddie Mac (Federal Home Loan Mortgage Corporation).  Stearns
Lending is also approved as a VA (United States Department of
Veterans Affairs) lender, a USDA (United States Department of
Agriculture) lender, and is an approved lending institution with
FHA (Federal Housing Administration).  Stearns Lending is located
at 4 Hutton Centre Drive, 10th Floor, Santa Ana, CA 92707.

Stearns Holdings, LLC and six subsidiaries, including Stearns
Lending, LLC, each filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
19-12226) on July 9, 2019.

Stearns estimated assets of $1 billion to $10 billion and
liabilities of the same range as of the bankruptcy filing.

Stearns' cases have been assigned to the Honorable Shelley C.
Chapman.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
advisor to Stearns, PJT Partners is serving as its financial
advisor and Alvarez & Marsalis serving as its restructuring
advisor.  Prime Clerk LLC is the claims and noticing agent,
maintaining the sites https://cases.primeclerk.com/stearns and
http://www.stearnsrestructuring.com/


STONEMOR PARTNERS: American Cemeteries Owns 6.2% of Common Units
----------------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, these entities and individuals reported beneficial
ownership of common units representing limited partner interests of
StoneMor Partners L.P. as of June 27, 2019:

                                        Securities    Percent
                                       Beneficially     of
  Reporting Person                        Owned        Class
  ----------------                     ------------  --------
American Cemeteries                      2,364,162      6.2%
Infrastructure Investors, LLC

AIM Universal Holdings, LLC              2,364,162      6.2%

StoneMor GP Holdings LLC                 2,332,878      6.1%

Matthew P. Carbone                       2,364,162      6.2%

Robert B. Hellman, Jr.                   4,732,751     12.4%

The percentages are calculated based upon 38,288,857 Common Units
outstanding on May 6, 2019, as disclosed by the Issuer on its
quarterly report on Form 10-Q for the quarterly period ended March
31, 2019, filed May 10, 2019.

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

                       https://is.gd/EipxlC

                     About StoneMor Partners

StoneMor Partners L.P., headquartered in Trevose, Pennsylvania --
http://www.stonemor.com/-- is an owner and operator of cemeteries
and funeral homes in the United States, with 322 cemeteries and 90
funeral homes in 27 states and Puerto Rico.  StoneMor's cemetery
products and services, which are sold on both a pre-need (before
death) and at-need (at death) basis, include: burial lots, lawn and
mausoleum crypts, burial vaults, caskets, memorials, and all
services which provide for the installation of this merchandise.  

StoneMor reported a net loss of $72.69 million for the year ended
Dec. 31, 2018, compared to a net loss of $75.15 million for the
year ended Dec. 31, 2017.  As of March 31, 2019, the Company had
$1.72 billion in total assets, $1.75 billion in total liabilities,
and a total partners' deficit of $28.83 million.

                            *    *    *

As reported by the TCR on Feb. 14, 2019, Moody's Investors Service
downgraded StoneMor Partners L.P.'s Corporate Family rating to Caa2
from Caa1 and Probability of Default rating to Caa3-PD from
Caa1-PD.  The Caa2 CFR reflects Moody's concern that if pre-need
cemetery selling and liquidity pressures do not abate while the
senior secured credit facility is being refinanced, a distressed
exchange or other default event could become more likely.

Also in February 2019, S&P affirmed its 'CCC+' issuer credit rating
on StoneMor Partners.  S&P said, "The rating affirmation reflects
our view that StoneMor's capital structure is unsustainable and
reflects our expectation that the company will produce cash flow
deficits in 2019.  However, we affirmed the rating because we
believe the company has sufficient liquidity over the next 12
months given the new bridge loan."


SUNESIS PHARMACEUTICALS: Caxton Corporation Et Al. Own 5.3% Stake
-----------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Caxton Corporation, CDK Trading, LLC, Caxton
Alternative Management LP, and Bruce S. Kovner disclosed that as of
July 11, 2019, they beneficially own 5,345,826 shares of common
stock of Sunesis Pharmaceuticals, Inc., which represents 5.3
percent of the shares outstanding.  A full-text copy of the
regulatory filing is available for free at:

                       https://is.gd/Uf1XRj

                   About Sunesis Pharmaceuticals

Headquartered in San Francisco, California, Sunesis --
http://www.sunesis.com/-- is a biopharmaceutical company
developing new targeted therapeutics for the treatment of
hematologic and solid cancers.  The Company is focused on advancing
its novel kinase inhibitor pipeline, with an emphasis on its oral
non-covalent BTK inhibitor vecabrutinib.  Vecabrutinib is currently
being evaluated in a Phase 1b/2 study in adults with chronic
lymphocytic leukemia and other B-cell malignancies that have
progressed after prior therapies.  The Company's proprietary PDK1
inhibitor SNS-510 is in preclinical development.  PDK1 is a master
kinase that activates other kinases important to cell growth and
survival including members of the AKT, PKC, RSK, and SGK families.
Sunesis is exploring strategic alternatives for vosaroxin, a
late-stage investigational product for relapsed or refractory AML.
Sunesis also has an interest in the pan-RAF inhibitor TAK-580 which
is licensed to Takeda.  TAK-580 is in a clinical trial for
pediatric low-grade glioma.

Sunesis incurred a net loss of $26.61 million in 2018 following a
net loss of $35.45 million in 2017.  As of March 31, 2019, the
Company had $27.75 million in total assets, $10.66 million in total
liabilities, and $17.08 million in total stockholders' equity.

Ernst & Young LLP, in San Jose, California, the Company's auditor
since 1998, 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 from operations and has
stated that substantial doubt exists about the Company's ability to
continue as a going concern.


SUNGLO HOME: To Pay Creditors Over 5-Year Period
------------------------------------------------
Sunglo Home Health Services, Inc., filed its second combined small
business disclosure statement and chapter 11 plan of reorganization
dated July 15, 2019.

The Plan provides for the implementation of a repayment plan from
the income generated from three healthcare programs. Specifically,
Debtor intends to pay its creditors over a 5-year period. The
largest creditor is the Internal Revenue Service and President/50%
Owner, Ruben Salazar, will make a one-time capital contribution
from the life insurance proceeds insuring the life of Vice
President/50% owner, Linda Salazar, Deceased, to the IRS to resolve
the complete and total debt owed by Debtor to the IRS. Debtor will
pay a 100% dividend to general unsecured creditors over the 5-year
period. Debtor's shareholder will retain ownership of Debtor,
post-confirmation.

The plan provides that if a class of unsecured creditors does not
accept the Plan, the Court cannot confirm the plan unless (i) no
holder of an equity interest retains anything on account of that
equity interest; or (ii) adequate new value is contributed to the
Debtor to allow the holders of equity interests to retain those
interests. This plan assumes that all classes of unsecured claims
will vote to accept the Plan. The Debtor's principal contributed
$634,078.90 to pay off the IRS. The Debtor will argue, if required,
that these funds constituted new value to the business that is both
substantial and essential to Debtor’s reorganization.

A copy of the Second Combined Disclosure Statement and Plan dated
July 15, 2019 is available at https://tinyurl.com/y368c7mv from
Pacermonitor.com at no charge.

               About Sunglo Home Health Services

Sunglo Home Health Services, Inc. -- http://www.sunglohhs.com/--
is a home health care services provider that offers a variety of
programs to assist the aging and disabled in sustaining an improved
quality of life.  With more than 27 years of experience, Sunglo
offers adult daycare, nurses, nursing aides, therapies, domestic
help and spiritual support.  

Based in Harlingen, Texas, Sunglo Home Health Services, Inc., which
conducts business under the names Sunglo Adult Day Care VIII,
Sunglo Adult Day Care II and Brighten Academy, filed a voluntary
Chapter 11 petition (Bankr. S.D. Tex. Case No. 19-10061) on Feb.
14, 2019, and disclosed $476,699 in assets and $1,540,810 in
liabilities. The petition was signed by Linda Salazar, vice
president.  

Judge: Marvin Isgur presides over the case.  The Debtor is
represented by Jana Smith Whitworth, Esq., at JS Whitworth Law
Firm, PLLC.


TIAN RECLAMATION: New Plan Discloses Filing of REC and PC Claims
----------------------------------------------------------------
Tian Reclamation & Contracting, Inc. filed its second amended
disclosure statement explaining its plan of reorganization dated
July 15, 2019.

This latest filing discloses that Rish Equipment Company filed its
proof of claim 15-1, and that prior to the filign of the second
amended plan, Powerscreen Connecticut has likewise filed a proof of
claim at 13-2 in the amount of $68,624.21.

A copy of the Second Amended Disclosure Statement dated July 15,
2019 is available at https://tinyurl.com/yygv668l from
Pacermonitor.com at no charge.

          About Tian Reclamation & Contracting

Based on Gauley Bridge, West Virginia, Tian Reclamation &
Contracting, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. S.D.W.V. Case No. 15-20602) on Nov. 23, 2015.  In the
petition signed by Timothy Hannigan, president, the Debtor listed
its total assets at $2.97 million and total liabilities at $3.23
million.  Pierson Legal Services is the Debtor's bankruptcy
counsel.


TOYS R US: District Court Finds No Implied Assumption of Contract
-----------------------------------------------------------------
Michael L. Cook, Esq., of Schulte Roth & Zabel LLP, disclosed that
when a Chapter 11 debtor never sought "court approval to assume" an
executory service contract, it "did not assume" the contract, held
the U.S. District Court for the Eastern District of Virginia on
June 28, 2019. In re Toys "R" Us, Inc., 2019 WL 271305, *1 (E.D.
Va. June 28, 2019). Affirming the bankruptcy court, the district
court agreed that the Bankruptcy Code ("Code") "requires court
approval before assumption" and that "parties cannot assume
contracts by words or conduct." Id. According to the contract
counterparty, "C," the debtor had allegedly promised "to assume the
contract," Id. at *1, *2, but the bankruptcy court never decided
the issue. Id. at *1n.2. In any event, said the district court,
"this case is not the 'rare instance' in which a party's conduct
constitutes implied assumption," citing In re A.H. Robins Co., 68
B.R. 705, 710 (Bankr. E.D. Va. 1986). The real question raised by
Toys is whether a contract can ever be impliedly assumed by a
trustee or Chapter 11 debtor-in-possession ("DIP").

Relevance
The Toys decision confirms the general rule: a trustee or DIP must
obtain prior "court approval" to "assume . . . any executory
contract . . . " In re Whitcomb & Keller Mortg. Co., Inc., 715 F.
2d 375, 380 (7th Cir. 1983), quoting Code Sec. 365(a). In other
words, assumption "can only be effected through an express order of
the judge." Id. citing In re American National Trust, 426 F. 2d
1059, 1064 (7th Cir. 1970). But the court in Toys barely dealt with
the contract counterparty's defensive argument that the debtor had
impliedly assumed its contract, saying that courts "allow implied
assumption… in rare circumstances," with no meaningful analysis.
Purporting to summarize one decision, it said that the court had
permitted implied assumption when the debtor "tried to reject a
real estate contract that required it to pay the broker a
commission." 2019 W.L. 2713051, at *2, citing In re Clavis Smith
Building, Inc., 112 B.R. 768, 769 (Bankr. E.D. Va. 1990). That
summary is, of course, meaningless.

The court in Toys also held that "[i]mplied assumption requires
more than just the [debtor's] 'acceptance of benefits.'" Id.
quoting In re A. H. Robins Co., 68 B.R. 705, 711 (Bankr. E. D. Va.
1986). The requirement of a court order is clear, but further
analysis of those few cases that have permitted implied assumption
of a contract would be helpful to courts and practitioners.

Courts are generally correct in requiring prior court approval for
contract assumption. As noted in Robins, which found no implied
assumption, courts cannot ignore "the stated requirements of" Code
§365(a) for prior court approval; to do so "could encourage
collusion [by] a debtor-in-possession and specific creditors of
[its] choosing [because] the parties could agree to effect an
assumption of an executory contract between them and later present
their actions to the court for the perfunctory step of nunc pro
tunc court approval. If the court approval stage were relegated to
the status of a mere formality, all notice requirements would be
eviscerated and both the power of the court to grant approval and
the conditional right of the creditors to object would be rendered
meaningless." Robins, 68 B.R. at 711. Courts also want to know and
creditors also have a right to be heard when a DIP or trustee
assumes a contract because administrative priority "is given to
expenses arising under [any assumed] pre-existing contracts." In re
Klein Sleep Products, Inc., 76 F.3d 18, 20 (2d Cir. 1996).

Still, why have some courts permitted implied assumption? Are their
decisions aberrational? Can these decisions be relied on in future
cases? For sure, as Toys shows, an argument that the trustee or
DIP's acceptance of benefits mandates assumption will not succeed.

Analysis of Implied Assumption Cases
Actions and Benefits. One court held in In re Reda, Inc., 54 B.R.
871, 880 (Bankr. D. N.D. Ill 1985) "that a debtor had assumed [a]
contract by its actions." A fire insurance adjuster had entered
into a pre-bankruptcy contract with the debtor in that case after
the debtor's restaurant sustained a fire. The debtor had agreed to
pay the adjuster a percentage of any insurance proceeds by
assigning a percentage of the proceeds to the adjuster. After
finding that the debtor's contract was executory, the court
explained why the DIP had impliedly "assumed the contract." Id. at
880. The DIP had accepted a settlement check from the insurance
company, before any reorganization plan had been confirmed but
never moved to assume the adjuster's agreement. In the court's
view, the "debtor's actions" presented the "rare instance" of
implied assumption: "the adjuster "continued to provide services
for the debtor" after bankruptcy; the "debtor knew what was
happening"; the "debtor has willingly accepted the benefits of the
contract and therefore must also assume the burdens"; and the
debtor never requested the adjuster "to cease representing it in
the handling of the fire loss." Id. "But for the efforts of [the
adjuster] there would be no fund [for creditors] to be battling
over." Id. at 881. "[T]he debtor could not accept the check without
also obligating itself to pay" the adjuster under its
pre-bankruptcy contract. Id. at n.25. In sum, the court relied not
only on the unique benefit conferred on the estate by the adjuster,
but also on the DIP's knowing, willful conduct. Reda is a close
case that, at most, should be limited to its facts. Other courts
have either disagreed with or declined to follow its reasoning;
See, e.g., In re S.N.A. Nut Co., 191 B.R. 117 (Bankr. N.D. Ill.
1996); In re Consumer Health Services of America, Inc., 171 B.R.
917 (Bankr. D. Col. 1994).

Continued Reliance and Benefits. Another bankruptcy court held that
a DIP had impliedly assumed a pre-bankruptcy contract with a real
estate agent who "was the sole procuring cause" of a contract for
the sale of the debtor's property. In re Clavis Smith Building,
Inc. 112 B.R. 768, 769 (Bankr. E.D. Va. 1990). Although the DIP
sought court approval of the asset sale "without payment to" the
agent, the agent argued that DIP had "assumed its agreement." Id.
Although "the debtor has not formally assumed the contract," held
the court, it has "assumed it by its words and deeds . . . [The
agent] was still obligated to nurse the [asset] sale through,
oversee the completion of the construction of the house and . . .
other details . . . [The] debtor relied on [the agent] for more
than . . . providing a . . .buyer . . . [T]he debtor looked to [the
agent] to draft [an] Agreement . . ." Id. at 770. Unlike Reda, no
other court has rejected Clavis. Both Robins and Toys, however,
cite Clavis approvingly.

Inaction: Acceptance of Benefits; Principles of Equity. Another
bankruptcy court, in the context of a preference action, held that
a debtor had impliedly assumed a contract because it "continue[d]
to receive benefits under [the] contract" and "must also bear the
burdens or obligations imposed under the contract." In re Yonkers
Hamilton Sanitarium Inc., 22 B.R. 427, 435 (Bankr. S.D.N.Y 1982),
aff'd, 34 B.R. 385, 388 (S.D.N.Y. 1983) (". . . basic principles of
equity" guided decision, "Having accepted the benefit of this. . .
. agreement in the term of continued funding, the [trustee] cannot
now be granted relief from the corresponding burden of the
agreement . . . ."). Both courts in Yonkers apparently relied on
the particular facts of the case to reach an equitable result.
Their disregard of Code 365(a)'s clear language has led other
courts to reject the Yonkers analysis. See, e.g., In re California
Canners and Growers, 62 B.R. 18, 24 (9th Cir. BAP 1986) (concurring
opinion) ("I disagree with [Yonkers and another similar case] to
the extent that they hold that the debtor's continuance of a
business relationship with the creditor justifies . . . recoupment
of prepetition contract claims in the absence of court approved
assumption of the contract under Code § 365(a)) ; In re Advanced
Professional Home Health Care, Inc., 82 B.R. 837, 841 (Bankr. E.D.
Mich 1998) (Yonkers decided on "equitable principles"; "To deny the
clear language of [§365(a)] requiring conscious decisions by the
trustee, in favor of an equitable doctrine . . not mentioned in the
Code is not possible for this court."), rev'd on other grounds, 94
B.R. 95, 97 (E.D. Mich. 1988).

Comment
Implied assumption of a contract is indeed rare, requiring a
persuasive set of facts and a sympathetic court. For practical
purposes, practitioners should assume the doctrine is illusory, to
be used only defensively as a last resort. Courts will, for valid
reasons, require prior court approval. And creditors, whose claims
will be subordinated to any assumed liability, will strenuously
oppose any implied assumption argument.

                        About Toys "R" Us

Toys "R" Us, Inc., was an American toy and juvenile-products
retailer founded in 1948 and headquartered in Wayne, New Jersey, in
the New York City metropolitan area.  Merchandise was sold in 880
Toys "R" Us and Babies "R" Us stores in the United States, Puerto
Rico and Guam, and in more than 780 international stores and more
than 245 licensed stores in 37 countries and jurisdictions.
Merchandise was also sold at e-commerce sites including Toysrus.com
and Babiesrus.com.

On July 21, 2005, a consortium of Bain Capital Partners LLC,
Kohlberg Kravis Roberts, and Vornado Realty Trust invested $1.3
billion to complete a $6.6 billion leveraged buyout of the
company.

Toys "R" Us is a privately owned entity but still files with the
U.S. Securities and Exchange Commission as required by its debt
agreements.

The Company's consolidated balance sheet showed $6.572 billion in
assets, $7.891 billion in liabilities, and a stockholders' deficit
of $1.319 billion as of April 29, 2017.

Toys "R" Us, Inc., and certain of its U.S. subsidiaries and its
Canadian subsidiary voluntarily filed for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Lead Case No. Case No.
17-34665) on Sept. 19, 2017.  In addition, the Company's Canadian
subsidiary voluntarily commenced parallel proceedings under the
Companies' Creditors Arrangement Act ("CCAA") in Canada in the
Ontario Superior Court of Justice.  The Company's operations
outside of the U.S. and Canada, including its 255 licensed stores
and joint venture partnership in Asia, which are separate entities,
were not part of the Chapter 11 filing and CCAA proceedings.

Grant Thornton is the monitor appointed in the CCAA case.

Judge Keith L. Phillips presides over the Chapter 11 cases.

In the Chapter 11 cases, Kirkland & Ellis LLP and Kirkland & Ellis
International LLP serve as the Debtors' legal counsel.  Kutak Rock
LLP serves as co-counsel.  Toys "R" Us employed Alvarez & Marsal
North America, LLC as its restructuring advisor; and Lazard Freres
& Co. LLC as its investment banker.  It hired Prime Clerk LLC as
claims and noticing agent.  Consensus Advisory Services LLC and
Consensus Securities LLC, serve as sale process investment banker.

A&G Realty Partners, LLC, serves as its real estate advisor.

On Sept. 26, 2017, the U.S. Trustee for Region 4 appointed an
official committee of unsecured creditors.  The Committee retained
Kramer Levin Naftalis & Frankel LLP as its legal counsel; Wolcott
Rivers, P.C., as local counsel; FTI Consulting, Inc., as financial
advisor; and Moelis & Company LLC as investment banker.

                       Toys "R" Us UK

Toys "R" Us Limited, Toys "R" Us, Inc.'s UK arm with 105 stores and
3,000 employees, was sent into administration in the United Kingdom
in February 2018.

Arron Kendall and Simon Thomas of Moorfields Advisory Limited, 88
Wood Street, London, EC2V 7QF were appointed Joint Administrators
on Feb. 28, 2018. The Administrators now manage the affairs,
business and property of the Company.  The Administrators act as
agents only and without personal liability.

The Administrators said they will make every effort to secure a
buyer for all or part of the business.

                     Liquidation of U.S. Stores

Toys "R" Us, Inc., on March 15, 2018, filed with the U.S.
Bankruptcy Court a motion seeking Bankruptcy Court approval to
start the process of conducting an orderly wind-down of its U.S.
business and liquidation of inventory in all 735 of the Company's
U.S. stores, including stores in Puerto Rico.

                         Propco I Debtors

Toys "R" Us Property Company I, LLC and its subsidiaries own fee
and leasehold interests in more than 300 properties in the United
States. The Debtors lease the properties on a triple-net basis
under a master lease to Toys-Delaware, the operating entity for all
of TRU's North American businesses, which operates the majority of
the properties as Toys "R" Us stores, Babies "R" Us stores or
side-by-side stores, or subleases them to alternative retailers.

Toys "R" Us Property was founded in 2005 and is headquartered in
Wayne, New Jersey. Toys 'R' Us Property operates as a subsidiary of
Toys "R" Us Inc.

Company LLC, MAP Real Estate LLC, TRU 2005 RE I LLC, TRU 2005 RE II
Trust, and Wayne Real Estate Company LLC -- Propco I Debtors --
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Va. Lead Case No. 18-31429) on March 20, 2018. The Propco I
Debtors sought and obtained procedural consolidation and joint
administration of their Chapter 11 cases, separate from the Toys
"R" Us Debtors' Chapter 11 cases.

The Propco I Debtors estimated assets of $500 million to $1 billion
and liabilities of $500 million to $1 billion.

Judge Keith L. Phillips presides over the Propco I Debtors' cases.

The Propco I Debtors hired Klehr Harrison Harvey Branzburg, LLP;
and Crowley, Liberatore, Ryan & Brogan, P.C., as co-counsel.  The
Debtors also tapped Kutak Rock LLP.  They hired Goldin Associates,
LLC, as financial advisors.



TRIDENT TPI: S&P Affirms 'B-' Issuer Credit Rating; Outlook Stable
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit ratings on
Trident TPI Holdings Inc. (Tekni-Plex) and the company's operating
subsidiary Tekni-Plex Inc., and its 'B-' issue-level rating on the
company's first-lien term loans. The '3' recovery rating is
unchanged.

The rating affirmation follows Tekni-Plex's agreement to acquire
several packaging companies to diversify its product portfolio and
grow scale. Tekni-Plex will fund the acquisitions with proceeds
with incremental debt, primarily from a new $345 million senior
unsecured note due 2024.

Meanwhile, S&P raised the rating on the company's existing senior
unsecured debt to 'CCC+' from 'CCC' and revised the recovery rating
to '5' from '6'. It also assigned a 'CCC+' issue-level and '5'
recovery rating to the company's new senior unsecured notes.

S&P said, "The rating affirmation reflects our view that the debt
issuance will result in a modest increase to leverage as the new
senior unsecured notes largely refinance an earlier bridge loan to
fund earlier acquisitions. Proceeds from the issuance will also be
used to fund an additional two acquisitions. Despite challenges
Tekni-Plex faced in 2019 due to plant disruptions and higher
materials costs, it is expanding into attractive non-cyclical
markets and is beginning to realize synergies from earlier
transactions. We believe Tekni-Plex will continue to expand
aggressively through a few tuck-in acquisitions a year, keeping its
debt-to-EBITDA leverage elevated at current levels.

"The stable outlook on Tekni-Plex reflects our expectation that
while debt to EBITDA will remain elevated over the next 12 months,
favorable demand trends in the company's end markets, management's
operational improvement initiatives, and contributions from its
recently acquired businesses will allow the company to generate
adequate free operating cash flows to service debt and meet other
liquidity needs.

"We could lower our rating if lower demand for the company's
products causes its operating performance to weaken, limiting its
free cash generation and constraining liquidity while leverage
remains elevated. We could also lower our rating if macro factors
(such as an economic recession or abrupt rises in material costs
and interest rates) or company-specific operational issues result
in significantly lower earnings and cash flows and an unsustainable
capital structure. This could cause the company to have difficulty
meeting the fixed charges from its high debt burden and pressure
its liquidity, which could prompt us to lower the rating.

"Although unlikely in the next year, we could raise our rating on
Tekni-Plex if the company establishes a track record of disciplined
financial policies and reduces its leverage significantly, either
by applying more free cash flow toward debt repayment or by
increasing EBITDA significantly. If the amount of deleveraging
(including potential acquisitions) is substantial, leading to
sustained adjusted debt to EBITDA below 7.0x with future financial
policies supporting it, we could raise the rating."


UNITI GROUP: BlackRock Has 11.8% Stake as of June 30
----------------------------------------------------
BlackRock, Inc. disclosed in a Schedule 13G/A filed with the
Securities and Exchange Commission that as of June 30, 2019, it
beneficially owns 21,726,888 shares of common stock of Uniti Group
Inc., which consititutes 11.8 percent of the shares outstanding.  A
full-text copy of the regulatory filing is available for free at:
https://is.gd/4Pz5fb

                       About Uniti Group

Little Rock, Arkansas-based Uniti -- http://www.uniti.com/-- is an
internally managed real estate investment trust engaged in the
acquisition and construction of mission critical communications
infrastructure, and is a provider of wireless infrastructure
solutions for the communications industry.  As of March 31, 2019,
Uniti owns 5.6 million fiber strand miles, approximately 500
wireless towers, and other communications real estate throughout
the United States.

Uniti reported net income attributable to common shareholders of
$7.98 million for the year ended Dec. 31, 2018, compared to a net
loss attributable to common shareholders of $16.55 million for the
year ended Dec. 31, 2017.  As of March 31, 2019, Uniti had $4.69
billion in total assets, $6.16 billion in total liabilities, $87.25
million in convertible preferred stock, and a total shareholders'
deficit of $1.55 billion.

PricewaterhouseCoopers LLP, in Little Rock, Arkansas, the Company's
auditor since 2014, issued a "going concern" opinion in its report
on the consolidated financial statements for the year ended Dec.
31, 2018, citing that the Company's most significant customer,
Windstream Holdings, Inc., which accounts for approximately 68.2%
of consolidated total revenues for the year ended Dec. 31, 2018,
filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code, and uncertainties surrounding potential impacts to
the Company resulting from Windstream Holdings, Inc.'s bankruptcy
filing raise substantial doubt about the Company's ability to
continue as a going concern.

                          *     *     *

As reported by the TCR on Feb. 25, 2019, S&P Global Ratings lowered
its issuer credit rating on Unti Group's Corporate Family Rating to
'CCC-' from 'CCC+'. The lower rating follows the downgrade of
Uniti's principal leasing tenant, Windstream Holdings Inc.  Also in
February 2019, Moody's Investors Service downgraded downgraded
Uniti Group Inc.'s corporate family rating (CFR) to 'Caa2' from
'Caa1' following the downgrade of Windstream Services.


VANGUARD NATURAL: Davis Polk Serves as Adviser in Chapter 11
------------------------------------------------------------
Davis Polk advised an ad hoc group of holders of 75% of the
second-lien secured notes of
Vanguard Natural Resources, Inc. in connection with Vanguard's
comprehensive balance sheet restructuring and chapter 11 bankruptcy
case in the Bankruptcy Court for the Southern District of Texas.

Following the March 31, 2019 chapter 11 filing, the ad hoc group
negotiated and agreed to a support agreement with the company and
its first-lien lenders.  The plan of reorganization was confirmed
on July 9, 2019, and Vanguard emerged from chapter 11 on July 16,
2019 as Grizzly Energy, LLC.  Under the confirmed plan, Vanguard's
second-lien noteholders collectively received senior preferred
equity with a liquidation preference of $7 million and 15% of the
new common stock in Grizzly Energy.

Grizzly Energy, LLC is an independent oil and natural gas
exploration and production company, focused on the development of
onshore properties in the Rockies, Permian and United States
Midcontinent.

The ad hoc group consisted of Fir Tree Partners and York Capital
Management.

The Davis Polk restructuring team included partner Brian M. Resnick
and associates Benjamin M. Schak and Zachary Levine.  The
litigation team included partner Elliot Moskowitz and associate
Cristina M. Rincon. The corporate team included partner Stephen
Salmon.  The tax team included partners Lucy W. Farr and Patrick E.
Sigmon and associate Dao Fu. Members of the Davis Polk team are
based in the New York and Northern California offices.

Porter Hedges LLP served as co-counsel and Miller Buckfire & Co.
served as financial adviser to the ad hoc group.

                 About Vanguard Natural Resources

Vanguard Natural Resources Inc. -- https://www.vnrenergy.com/ -- is
an independent exploration and production company focused on the
production and development of oil and natural gas properties in the
United States.  Its assets consist primarily of producing and
non-producing oil and natural gas reserves located in the Green
River Basin in Wyoming, the Piceance Basin in Colorado, the Permian
Basin in West Texas and New Mexico, the Arkoma Basin in Oklahoma,
the Gulf Coast Basin in Texas, Louisiana and Alabama, the Big Horn
Basin in Wyoming and Montana, the Anadarko Basin in Oklahoma and
North Texas, the Wind River Basin in Wyoming, and the Powder River
Basin in Wyoming.  Headquartered in Houston, the company and its
affiliates have 295 employees.

Vanguard Natural Resources and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case
No. 19-31786) on March 31, 2019.  At the time of the filing, the
Debtors disclosed $1.478 billion in assets and $1.196 billion in
liabilities.

The cases are assigned to Judge David R. Jones.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as bankruptcy counsel; Blank Rome LLP as
co-counsel with Kirkland; Evercore Group LLC as financial advisor
and investment banker; Opportune LLP as restructuring advisor; and
Prime Clerk LLC as claims and balloting agent and administrative
advisor.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on April 11, 2019.  The committee tapped Locke
Lord LLP as its legal counsel.



WESTERN COMMUNICATIONS: $1.15M Sale of Sonora Newspaper Assets OK'd
-------------------------------------------------------------------
Judge Trish M. Brown of the U.S. Bankruptcy Court for the District
of Oregon authorized Western Communications, Inc.'s sale to Rhode
Island Suburban Newspapers, Inc. ("RISN") of all assets being used
or held by Debtor in the operation of its newspaper business, The
Union Democrat, located in Sonora, California, for $1.15 million.

The sale of personally identifiable information will be subject to
and consistent with the Debtor's privacy policy and RISN will
comply fully with all such privacy policies.

The sale to RISN will be free and clear of all liens, including,
without limitation, judicial liens, claims, encumbrances, and
interests of any kind or nature whatsoever, with any and all
Interests attaching to the sale proceeds.

The sale proceeds will be distributed as follows:

     a. to the payment of all unpaid wages, salaries, compensation,
and, to the extent not assumed by RISN, all accrued and unpaid
vacation and personal days for all employees whose employment is
terminated prior to closing of the sale transaction authorized by
the Order;

     b. $40,000 to Dirks, Van Essen, Murray & April consistent with
the terms of the Order Authorizing Employment entered on Feb. 28,
2019;

     c. all closing costs payable by Debtor under the APA, and any
other closing costs to the extent such costs are usual and
customary for a transaction of the kind authorized by the Order;
and

     d. all remaining proceeds to Sandton Credit Solution Master
Fund III, LP.

The foregoing distribution to Sandton is without prejudice to the
right of Debtor to recover from the proceeds of Sandton's
collateral the reasonable, necessary costs and expenses of
preserving, or disposing of, such property pursuant to Section
506(c) of the Bankruptcy Code, and such rights are preserved.

                About Western Communications

Western Communications, Inc. is a small market newspaper, niche
publishing, printing, and digital media company with publications
spread throughout Oregon (six publications) and California (two
publications).  It is headquartered in Bend, Oregon.

Western Communications sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ore. Case No. 19-30223) on Jan. 22,
2019.  It previously sought bankruptcy protection (Bank. D. Oregon
Case No. 11-37319) on Aug. 23, 2011.

At the time of the filing, the Debtor estimated assets of $10
million to $50 million and liabilities of $10 million to $50
million.  The case is assigned to Judge Trish M. Brown.  Tonkon
Torp LLP is the Debtor's counsel.


WESTERN RESERVE: $260K Sale of Personal Property Approved
---------------------------------------------------------
Judge Jessica E. Price Smith of the U.S. Bankruptcy Court for the
Northern District of Ohio authorized Western Reserve Water Systems,
Inc.'s sale of interest in the personal property described in the
Purchase Order No. 11009330 dated March 4, 2019 to Surplus
Management, Inc., doing business as WaterSurplus, for $260,000,
subject to any other higher and better bids.

In order to facilitate the bidding, the Debtor will notify all
interested parties, including, GSC Water Purification, LLC,
WaterSurplus, JAG Development, LLC, Cappas and Karas Investments,
Ltd., KeyBank, N.A. and any other interested parties of the
location of the Property by June 5, 2019.  The will make the
Property available for inspection by prospective bidders and not
interfere with any party's inspection of the Property.   

Bids from any potential buyer, other than the Original Bid of
WaterSurplus, must be submitted by email or personal delivery to
the Debtor's counsel so that the proposed bids are received by no
later than 4:00 p.m. (ET) on July 15, 2019.  All such bids will
conform to the following qualification criteria:    

     A. The bid must identify the name, mailing address and email
address of the bidder.

     B. The terms of the bid will substantially conform to the
terms of the Original Bid except: (i)  the aggregate consideration
of the bid, which will comply with paragraph C; and (ii) any
deposit, which will be in the amount provided in paragraph D.

     C. The aggregate consideration of the bid (which will include
all of the equipment identified in the Original Bid must provide a
purchase price equal to, or exceeding, the amount of the purchase
price set forth in the original bid plus $20,000.

     D. The bid must be accompanied by evidence of bidder's
financial wherewithal, and by a deposit equal to $100,000 of the
purchase price contemplated by the bid.  If, WaterSurplus submits a
bid, other than its Original Bid, WaterSurplus must also pay the
above-described deposit along with any such bid.  Said bid deposit
will be paid to counsel for the Debtor to be held in the IOLTA
account of counsel for the Debtor.  Upon announcement of the
highest and best bidder of the equipment, the counsel for the
Debtor will promptly return said deposits of the unsuccessful
bidders to the unsuccessful bidders.    Neither the Debtor, nor any
other party, will assert any claims or rights against deposit of
any bidder other than its expressly provided in the Agreed Order.


As further agreed by the parties, by Noon on July 16, 201, the
Debtor's counsel will provide copies of any bids that were received
during the period between July 5, 2019 and July  15, 2019 to the
U.S. Trustee's office, the counsel for KeyBank, the counsel for JAG
and Cappas and Karas Investments and any persons that submitted a
bid for the Property during that time.   

WaterSurplus, or any party which has submitted a qualifying bid for
the equipment by July 15, 2019, may submit additional bids no later
than 4:00 p.m. (EST) on July 20, 2019.  Upon receipt of such bids,
the counsel for the Debtor will timely provide a copy of said bids
to the United States Trustee's office, the counsel for KeyBank, the
counsel for JAG Development and Cappas and Karas Investments and
any party that submitted a bid for the equipment by July 20, 2019.


By noon on July 21, 2019, the Debtor's counsel will notify the
Court and any interested parties of the highest and best bid for
the equipment, that is, the winning bid.  Such determination and
identification of the highest and best, winning bid will be made by
the Debtor in consultation with KeyBank.

By agreement of the parties the closing of the sale of the
equipment will take place on July 22, 2019.

Subject to the agreement and restrictions of the Order, the
Debtor's motion for sale of property free and clear of liens is
granted.

              About Western Reserve Water Systems

Western Reserve Water Systems, Inc. --
http://www.westernreservewater.com/-- is an industrial water
service company offering a wide range of equipment, services,
parts, and consulting services for the industrial process water and
high purity water user.  Western Reserve Water Systems services are
supplied to various industries, such as power generation, chemical
processing, auto, steel, food & beverage, pharmaceutical, hospital,
medical, laboratory and light industrial and commercial markets.
The Company's service center and regeneration facility is currently
located in Cleveland, Ohio, with satellite service locations in
Cincinnati, Ohio, and Terre Haute, Indiana.

Western Reserve Water Systems sought Chapter 11 protection (Bankr.
N.D. Ohio Case No.
19-11864) on April 1, 2019.  In the petition signed by Michael
Eiermann, president, the Debtor disclosed total assets at
$10,285,282 and $4,306,486 in total debt.  The case is assigned to
Judge Jessica E. Price Smith.  The Debtor tapped Glenn E. Forbes,
Esq., at Forbes Law, LLC, as counsel.



WHITAKER ENTERPRISE: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Whitaker Enterprise LLC as of July 18,
according to a court docket.
    
                     About Whitaker Enterprise

Whitaker Enterprise LLC is a Nashville, Tenn.-based freight
carrier.  The company also provides auto detailing services.
  
Whitaker Enterprise sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Tenn. Case No. 19-03646) on June 7,
2019.  At the time of the filing, the Debtor disclosed $421,907 in
assets and $1,086,575 in liabilities.  

The case has been assigned to Judge Marian F. Harrison.  The Debtor
is represented by Lefkovitz and Lefkovitz, PLLC.


WIL-FLO ENTERPRISES: Seeks Authorization to Use Cash Collateral
---------------------------------------------------------------
Wil-Flo Enterprises LLC seeks authorization from the U.S.
Bankruptcy Court for the Western District of Texas to use cash
collateral to pay the mortgage company and to fund all necessary
operating expenses of its business.

The Debtor acknowledges that Great Central Mortgage Acceptance Co.,
Ltd holds a first priority mortgage secured by the property located
at 440 W. Mistletoe Ave., San Antonio, TX 78212, and has a Deed of
Trust Lien with an assignment of rents securing two notes in the
approximate remaining unpaid amount of around $500,000.

As adequate protection, the Debtor proposes to provide Great
Central Mortgage payment of funds to compensate Debtor's use of its
funds until a plan is confirmed and an additional amount per month,
to fund the escrow account for the payment of the ad valorem taxes.
The Debtor represents that its tenant is providing the insurance on
the property at its sole costs and expense.

The Debtor will also grant Great Central Mortgage replacement lien
on post-petition collateral to the extent its prepetition
collateral is diminished by the Debtor's use of cash collateral.

A copy of the Cash Collateral Motion is available for free at

          http://bankrupt.com/misc/txwb19-51278-18.pdf

                   About Wil-Flo Enterprises

Wil-Flo Enterprises LLC is a Texas Limited Partnership that owns
440 W. Mistletoe Ave., in San Antonio, Texas.  Its primary business
involves lease of the property to a few tenants and also operate it
as an Air B&B temporary location.

Wil-Flo Enterprises sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 19-51278) on May 31,
2019.  At the time of the filing, the Debtor disclosed assets of
less than $100,000 and liabilities of less than $1 million. The
Petition was signed by its manager, Leisa White.  The Debtor is
represented by Albert William Van Cleave, III, Esq., at the Law
Offices of Albert W. Van Cleave III.



WILLIAM PULLUM: Bid for Approval of Mediation Settlement Junked
---------------------------------------------------------------
In the case captioned William A. PULLUM & Martha S. Pullum,
Debtors. William & Martha Pullum, Plaintiffs, v. SE Property
Holdings, LLC, Defendant, ADV. PROC. No. 16-3008-JCO (Bankr. N.D.
Fla), Bankruptcy Judge Jerry C. Oldshue, Jr. denied Debtors William
A. Pullum and Martha S. Pullum's motion for approval of mediation
settlement.

A compromise or settlement may be approved by the Court under the
purview of Fed. R. Bankr. P. 9019(a). To determine the "fairness,
reasonableness, and adequacy" of a proposed settlement, the
Eleventh Circuit adopted the four-factor test set out in In re
Justice Oaks II, Ltd. A bankruptcy court must consider:

   (a) the probability of success in the litigation;

   (b) the difficulties, if any, to be encountered in the manner of
collection;

   (c) the complexity of the litigation involved and the expense,
inconvenience, and delay necessary in attending it; and

   (d) the paramount interest of the creditors and a proper
deference to their reasonable views in the premises.

After canvassing the issues raised by the Objecting Creditors, the
Court has determined that the Motion is due to be denied in that
three of the four Justice Oaks factors weigh against granting the
Motion. All parties agree that the second factor — difficulties
in collection — is not an issue in this case. In looking at the
Florida statute regarding the filing of JLCs, the Court finds it is
not appropriate to approve the settlement.

The Court's role with regard to the Motion is not to determine the
merits of the underlying issues in the adversary proceeding, but
rather to simply canvass the issues and determine whether the
Motion should be granted based on the Justice Oaks factors. Here,
three of the factors weigh against approving the settlement. While
Florida state law is unsettled on the finality of judgments that
include the phrase "for which let execution issue," there is
federal case law to support the assertion that Fla. Stat. section
55.202(2)(a) is unambiguous on its face regarding the timing of
filing a judgment lien certificate. Moreover, a plain reading of
the statute causes the Court to conclude that a reasonable argument
may exist that the JLCs were not timely filed by SE Property
Holdings, LLC; such a conclusion could render them permanently void
and of no effect. Additionally, with objections from the two
largest unsecured creditors, the Court finds that the paramount
interests of the remaining creditors in the case are not met by the
settlement as proposed, so the Motion should be denied.

A copy of the Court's Memorandum Opinion dated March 14, 2019 is
available at https://bit.ly/2M2LYgM from Leagle.com.

John E. Venn , John E. Venn, Jr., P.A., Gulf Breeze, FL, for
Plaintiffs.

Richard M. Gaal , McDowell Knight Roedder and Sledge, LLC, Mobile,
AL, for Defendant.

William and Martha Pullum sought Chapter 11 protection (Bankr. N.
D. Fla. Case No. 14-30215) on March 15, 2014.  John E. Venn, Jr.,
P.A., in Pensacola, Florida, is the Debtor's counsel.


[*] Deloitte Restructuring Team Launches Special Situations Effort
------------------------------------------------------------------
To assist clients worldwide with highly complex cross-border
financial restructurings, Deloitte's restructuring services team
has launched a new, New York-based special situations effort to
complement similar Deloitte capabilities offered in other major
financial hubs worldwide.

Michael Epstein, a Deloitte Risk and Financial Advisory
restructuring services principal, Deloitte Transaction and Business
Analytics LLP, will lead the New York effort.

Senior Deloitte restructuring professionals from U.S.-based
Deloitte corporate restructuring group and elsewhere in Deloitte's
global network of member firms will offer lead financial advisory
services to capital providers, corporates and their stakeholders
where complex, multijurisdictional businesses and their debt
structures are under pressure and need repair.

"We've seen a shift away from regulated bank debt and toward
significantly altered debt structures infused with nonregulated
capital, which have an ever-increasing nexus to New York City,"
said Kirk Blair, Deloitte Risk and Financial Advisory partner and
U.S. corporate restructuring group leader, Deloitte Financial
Advisory Services LLP.  "To help our clients navigate that funding
shift and access major financial hubs around the world -- including
New York City, London, Hong Kong, Toronto, Beijing, Singapore and
others -- we're investing in our restructuring practice with the
New York Special Situations launch."

Andrew Grimstone, a UK-based special situations partner, in
Deloitte North and South Europe LLP, and recently-appointed global
restructuring services leader, added, "Market volatility and other
factors can quickly trigger liquidity or operational issues,
putting pressure on overleveraged capital structures.  Our global
special situations team as well as the broader Deloitte network of
1,500 restructuring professionals worldwide, as well as industry
and other specialists globally, are on hand to help."

                          About Deloitte

Deloitte -- http://www.deloitte.com/-- provides industry-leading
audit, consulting, tax and advisory services to many of the world's
most admired brands, including nearly 90% of the Fortune 500(R) and
more than 5,000 private and middle market companies.  Its people
work across the industry sectors that drive and shape today's
marketplace -- delivering measurable and lasting results that help
reinforce public trust in its capital markets, inspire clients to
see challenges as opportunities to transform and thrive, and help
lead the way toward a stronger economy and a healthy society.
Deloitte is proud to be part of the largest global professional
services network serving our clients in the markets that are most
important to them.  Its network of member firms in more than 150
countries and territories serves four out of five Fortune Global
500(R) companies.


[] Cullen Drescher Speckhart Joins Cooley's Restructuring Group
---------------------------------------------------------------
Cullen Drescher Speckhart has joined Cooley in Washington, DC, as a
partner in the firm's business restructuring & reorganization
group.  She arrives from Wolcott Rivers Gates, where she co-chaired
the firm's restructuring & bankruptcy litigation practice and
served as managing partner of its Richmond, Virginia, office.

"Many of us here have been lucky to work closely with Cullen in
proceedings over the past several years, where we've witnessed the
extraordinary legal acumen, diligence and energy she brings to her
work," said Jay Indyke, chair of Cooley's business restructuring
and reorganization practice group.  "We've been eager for her to
add her skills and experience to our team."

Ms. Speckhart has deep experience in bankruptcy, restructuring and
financial litigation across a broad range of industries.  She
actively represents a variety of parties to insolvency proceedings,
including creditors, creditors' committees, creditors' committee
members, trustees and foreign representatives.  Ms. Speckhart has
led numerous significant engagements in the energy sector
representing clients in various roles.  Additionally, she has
worked on some of the country's largest bankruptcy cases, including
In re Toys R Us Inc., in which she served as co-counsel to the
official committee of unsecured creditors; In re Circuit City
Stores Inc., in which she served as co-counsel to the debtors; In
re Workflow Management Inc., in which she served as counsel to the
debtors; and In re White Birch Paper Company and In re Bear Island
Paper Company, in which she served as counsel to the Canadian
monitor.

"Cooley's reputation for elite, global litigation provides a
wonderful opportunity to grow my practice and offer expanded
capabilities to clients," said Ms. Speckhart. "Having already
worked alongside the business restructuring & reorganization team,
I'm confident many wins lie ahead for us and our clients."

A frequent writer and public speaker on legal implications of
developments in the financial sector, Ms. Speckhart co-authored the
American Bankruptcy Institute's manual on Chapter 15 of the
Bankruptcy Code in 2015.  In 2017, she was selected to the
organization's inaugural 40 Under 40 list recognizing bankruptcy,
insolvency and restructuring professionals from around the world.
Ms. Speckhart earned her bachelor's degree from Georgetown
University and her JD from William & Mary Law School.  She clerked
for the Honorable Stephen C. St. John, chief judge of US Bankruptcy
Court for the Eastern District of Virginia, and began her career at
McGuireWoods.

Cooley's business restructuring & reorganization practice has
played key roles in many complex and high-profile bankruptcy and
restructuring cases throughout the US, UK and other countries.  It
has been recognized as a leader by Debtwire and Best Lawyers and
has taken home numerous honors at the M&A Advisor Awards and
Turnaround Awards.

                          About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and
regulatory matters, and
high-stakes litigation, where innovation meets the law.

Cooley has 1,000+ lawyers across 15 offices in the United States,
Asia and Europe.



[^] 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 GZ        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        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 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        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  ALSWF US          93.0       (51.2)      (30.8)
ABSOLUTE SOFTWRE  ABT CN            93.0       (51.2)      (30.8)
ABSOLUTE SOFTWRE  OU1 GR            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)
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  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  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        AMRS US          172.8      (174.4)     (111.5)
ATLATSA RESOURCE  ATL SJ           139.6      (285.7)     (326.1)
AUTODESK INC      AUD GR         4,808.5      (245.3)     (798.4)
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 GZ         4,808.5      (245.3)     (798.4)
AUTODESK INC      ADSK AV        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      ADSK* MM       4,808.5      (245.3)     (798.4)
AUTOZONE INC      AZ5 TH         9,773.7    (1,589.5)     (345.5)
AUTOZONE INC      AZ5 GR         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      AZO US         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)
AUTOZONE INC      AZOUSD EU      9,773.7    (1,589.5)     (345.5)
AUTOZONE INC-BDR  AZOI34 BZ      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)
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            7.8       (17.0)      (15.9)
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      EAT2EUR EU     1,264.1      (814.2)     (284.9)
BRINKER INTL      BKJ QT         1,264.1      (814.2)     (284.9)
BRP INC/CA-SUB V  DOO CN         3,358.1      (364.6)     (223.2)
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)
CADIZ INC         CDZI US           73.9       (81.4)       13.8
CADIZ INC         2ZC GR            73.9       (81.4)       13.8
CAMBIUM NETWORKS  089 QT           154.4       (18.7)       37.4
CAMBIUM NETWORKS  CMBM US          154.4       (18.7)       37.4
CAMBIUM NETWORKS  CMBMEUR EU       154.4       (18.7)       37.4
CAMBIUM NETWORKS  089 GR           154.4       (18.7)       37.4
CAMBIUM NETWORKS  089 GZ           154.4       (18.7)       37.4
CATASYS INC       CATS US            7.2       (10.7)       (2.6)
CDK GLOBAL INC    C2G QT         3,165.8      (475.4)      143.9
CDK GLOBAL INC    C2G TH         3,165.8      (475.4)      143.9
CDK GLOBAL INC    CDKEUR EU      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    CDK US         3,165.8      (475.4)      143.9
CEDAR FAIR LP     FUN1EUR EU     2,132.5      (109.6)     (108.6)
CEDAR FAIR LP     FUN US         2,132.5      (109.6)     (108.6)
CEDAR FAIR LP     7CF GR         2,132.5      (109.6)     (108.6)
CHEWY INC- CL A   CHWY US          682.3      (357.9)     (398.5)
CHOICE HOTELS     CZH GR         1,173.8      (185.5)      (53.2)
CHOICE HOTELS     CHH US         1,173.8      (185.5)      (53.2)
CINCINNATI BELL   CBB US         2,649.3      (102.3)     (116.4)
CINCINNATI BELL   CIB1 GR        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  CCOI US          797.0      (164.2)      252.3
COGENT COMMUNICA  OGM1 GR          797.0      (164.2)      252.3
COGENT COMMUNICA  CCOIUSD EU       797.0      (164.2)      252.3
COHERUS BIOSCIEN  8C5 QT           186.1       (38.5)      117.8
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 TH           186.1       (38.5)      117.8
COHERUS BIOSCIEN  CHRSEUR EU       186.1       (38.5)      117.8
COLGATE-PALMOLIV  CL SW         12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  CL EU         12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  CPA TH        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  CLUSD SW      12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  CPA GZ        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-BDR       COLG34 BZ     12,883.0      (210.0)      268.0
COLGATE-CEDEAR    CL AR         12,883.0      (210.0)      268.0
COLUMBIA CARE IN  3LP GR           161.5        (0.9)       (1.9)
COLUMBIA CARE IN  CCHWEUR EU       161.5        (0.9)       (1.9)
COLUMBIA CARE IN  CCHW CN          161.5        (0.9)       (1.9)
COLUMBIA CARE IN  CCHWF US         161.5        (0.9)       (1.9)
CURE PHARMACEUTI  CURR US            5.3        (0.2)       (1.8)
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   DBDEUR EU      4,327.3      (274.7)      482.8
DIEBOLD NIXDORF   DBDUSD EU      4,327.3      (274.7)      482.8
DIEBOLD NIXDORF   DLD QT         4,327.3      (274.7)      482.8
DIEBOLD NIXDORF   DBD SW         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   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     DOL CN         3,417.0      (219.0)       19.9
DOLLARAMA INC     DR3 GR         3,417.0      (219.0)       19.9
DOLLARAMA INC     DLMAF US       3,417.0      (219.0)       19.9
DOLLARAMA INC     DOLEUR EU      3,417.0      (219.0)       19.9
DOLLARAMA INC     DR3 GZ         3,417.0      (219.0)       19.9
DOLLARAMA INC     DR3 QT         3,417.0      (219.0)       19.9
DOLLARAMA INC     DR3 TH         3,417.0      (219.0)       19.9
DOMINO'S PIZZA    EZV GR         1,177.2    (2,904.3)      230.5
DOMINO'S PIZZA    DPZ US         1,177.2    (2,904.3)      230.5
DOMINO'S PIZZA    EZV TH         1,177.2    (2,904.3)      230.5
DOMINO'S PIZZA    EZV QT         1,177.2    (2,904.3)      230.5
DOMINO'S PIZZA    EZV GZ         1,177.2    (2,904.3)      230.5
DOMINO'S PIZZA    DPZ AV         1,177.2    (2,904.3)      230.5
DOMINO'S PIZZA    DPZ* MM        1,177.2    (2,904.3)      230.5
DOMINO'S PIZZA    DPZEUR EU      1,177.2    (2,904.3)      230.5
DOMINO'S PIZZA    DPZUSD EU      1,177.2    (2,904.3)      230.5
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  2DB TH         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 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)
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      3I5 GR         1,097.0      (334.0)       (5.0)
FRONTDOOR IN      FTDREUR EU     1,097.0      (334.0)       (5.0)
FRONTDOOR IN      FTDR US        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  EAFEUR EU      1,529.7      (881.6)      456.0
GRAFTECH INTERNA  G6G TH         1,529.7      (881.6)      456.0
GRAFTECH INTERNA  G6G QT         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
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 GR        43,379.0    (2,255.0)      577.0
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 TE        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  HCAEUR EU     43,379.0    (2,255.0)      577.0
HERBALIFE NUTRIT  HOO GR         2,982.8      (629.1)      304.0
HERBALIFE NUTRIT  HLF US         2,982.8      (629.1)      304.0
HERBALIFE NUTRIT  HOO GZ         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
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    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    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    HD SW         51,515.0    (2,143.0)      880.0
HOME DEPOT INC    HD CI         51,515.0    (2,143.0)      880.0
HOME DEPOT-CED    HDD AR        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            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            HPQ TE        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            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            HPQ AV        31,946.0    (1,487.0)   (4,918.0)
HP INC            HPQ SW        31,946.0    (1,487.0)   (4,918.0)
HP INC            HPQ CI        31,946.0    (1,487.0)   (4,918.0)
IAA INC           3NI GR         1,975.4      (240.7)      187.9
IAA INC           IAA-WEUR EU    1,975.4      (240.7)      187.9
IAA INC           IAA US         1,975.4      (240.7)      187.9
IHEARTMEDIA-CL A  IHRT US       14,286.0   (11,566.1)      650.5
IMMUNOGEN INC     IMGN* MM         323.9       (27.6)      228.4
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
INSEEGO CORP      INO QT           177.6       (32.6)       33.4
INSEEGO CORP      INO TH           177.6       (32.6)       33.4
INSEEGO CORP      INO GZ           177.6       (32.6)       33.4
INSEEGO CORP      INSGUSD 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  IRWD US          363.5      (237.2)       83.3
IRONWOOD PHARMAC  I76 GR           363.5      (237.2)       83.3
IRONWOOD PHARMAC  I76 TH           363.5      (237.2)       83.3
IRONWOOD PHARMAC  IRWDEUR EU       363.5      (237.2)       83.3
IRONWOOD PHARMAC  I76 QT           363.5      (237.2)       83.3
IRONWOOD PHARMAC  IRWDUSD EU       363.5      (237.2)       83.3
ISRAMCO INC       IRM GR           110.9        (3.7)       (8.7)
ISRAMCO INC       ISRL US          110.9        (3.7)       (8.7)
ISRAMCO INC       ISRLEUR EU       110.9        (3.7)       (8.7)
JACK IN THE BOX   JBX GR           832.1      (592.5)      (76.8)
JACK IN THE BOX   JACK US          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)
JACK IN THE BOX   JACK1EUR EU      832.1      (592.5)      (76.8)
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    KMY GR        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK    KMY GZ        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 TE        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-CLA-BDR  KMBB34 BZ     15,204.0       (18.0)   (1,942.0)
KIMBERLY-CEDEAR   KMB AR        15,204.0       (18.0)   (1,942.0)
KONTOOR BRAND     KTB US         2,385.4     1,579.0     1,143.8
KONTOOR BRAND     3KO TH         2,385.4     1,579.0     1,143.8
KONTOOR BRAND     3KO GR         2,385.4     1,579.0     1,143.8
KONTOOR BRAND     KTBEUR EU      2,385.4     1,579.0     1,143.8
KONTOOR BRAND     KTBUSD EU      2,385.4     1,579.0     1,143.8
KONTOOR BRAND     3KO QT         2,385.4     1,579.0     1,143.8
KONTOOR BRAND     3KO GZ         2,385.4     1,579.0     1,143.8
KONTOOR BRAND     0A1X LI        2,385.4     1,579.0     1,143.8
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      LB US         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      LBRA AV       10,998.0      (898.0)      750.0
L BRANDS INC      LBUSD EU      10,998.0      (898.0)      750.0
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* MM         3,111.2       (56.2)      401.4
LAMB WESTON       LW-WUSD EU     3,111.2       (56.2)      401.4
LAMB WESTON       LW US          3,111.2       (56.2)      401.4
LANDCADIA HOLDIN  LCAHU US           0.2        (0.0)       (0.3)
LANDCADIA HOLD-A  LCA US             0.2        (0.0)       (0.3)
LENNOX INTL INC   LXI GR         2,105.7      (204.8)      303.5
LENNOX INTL INC   LII US         2,105.7      (204.8)      303.5
LENNOX INTL INC   LII1EUR EU     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
LEXICON PHARMACE  LXRXEUR EU       258.5       (45.7)      118.6
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  LX31 QT          258.5       (45.7)      118.6
MCDONALDS - BDR   MCDC34 BZ     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    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    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    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    MCD CI        46,466.6    (6,550.9)    1,584.8
MCDONALDS-CEDEAR  MCDC AR       46,466.6    (6,550.9)    1,584.8
MCDONALDS-CEDEAR  MCD AR        46,466.6    (6,550.9)    1,584.8
MCDONALDS-CEDEAR  MCDD AR       46,466.6    (6,550.9)    1,584.8
MEDICINES COMP    MZN GZ           835.9       (75.4)      195.0
MEDICINES COMP    MZN TH           835.9       (75.4)      195.0
MEDICINES COMP    MDCO US          835.9       (75.4)      195.0
MEDICINES COMP    MZN GR           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  MTLA TH        9,993.0    (1,090.0)      735.0
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 GR        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 SOLUTIO  MTLA QT        9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO  MSI1USD EU     9,993.0    (1,090.0)      735.0
MOTOROLA SOL-CED  MSI AR         9,993.0    (1,090.0)      735.0
MSCI INC          3HM GR         3,295.6      (316.5)      457.1
MSCI INC          MSCI US        3,295.6      (316.5)      457.1
MSCI INC          3HM QT         3,295.6      (316.5)      457.1
MSCI INC          MSCI* MM       3,295.6      (316.5)      457.1
MSCI INC          MSCIUSD EU     3,295.6      (316.5)      457.1
MSG NETWORKS- A   MSGN US          844.6      (503.3)      205.5
MSG NETWORKS- A   MSGNEUR EU       844.6      (503.3)      205.5
MSG NETWORKS- A   1M4 QT           844.6      (503.3)      205.5
MSG NETWORKS- A   1M4 TH           844.6      (503.3)      205.5
MSG NETWORKS- A   1M4 GR           844.6      (503.3)      205.5
MSG NETWORKS- A   MSGNUSD EU       844.6      (503.3)      205.5
N/A               BJEUR EU       5,226.7      (148.3)     (330.7)
NATHANS FAMOUS    NATH US           94.3       (70.1)       72.2
NATHANS FAMOUS    NFA GR            94.3       (70.1)       72.2
NATHANS FAMOUS    NATHEUR EU        94.3       (70.1)       72.2
NATIONAL CINEMED  XWM GR         1,117.9      (104.7)      111.7
NATIONAL CINEMED  NCMI US        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     IHR QT         7,066.0    (3,852.0)    1,393.0
NAVISTAR INTL     IHR GZ         7,066.0    (3,852.0)    1,393.0
NAVISTAR INTL     IHR GR         7,066.0    (3,852.0)    1,393.0
NAVISTAR INTL     NAV US         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
NEW ENG RLTY-LP   NEN US           243.2       (38.2)        -
NRC GROUP HOLDIN  NRCG US          394.1       (41.4)       51.2
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 GR         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        RKNEF US         122.5       (24.0)       18.9
OPTIVA INC        OPT CN           122.5       (24.0)       18.9
PAPA JOHN'S INTL  PZZA US          739.1       (56.6)      (19.2)
PAPA JOHN'S INTL  PP1 GR           739.1       (56.6)      (19.2)
PAPA JOHN'S INTL  PP1 GZ           739.1       (56.6)      (19.2)
PAPA JOHN'S INTL  PZZAEUR EU       739.1       (56.6)      (19.2)
PHILIP MORRI-BDR  PHMO34 BZ     39,923.0    (9,409.0)     (883.0)
PHILIP MORRIS IN  4I1 TH        39,923.0    (9,409.0)     (883.0)
PHILIP MORRIS IN  PM1 TE        39,923.0    (9,409.0)     (883.0)
PHILIP MORRIS IN  PM1EUR EU     39,923.0    (9,409.0)     (883.0)
PHILIP MORRIS IN  PMI SW        39,923.0    (9,409.0)     (883.0)
PHILIP MORRIS IN  PM1 EU        39,923.0    (9,409.0)     (883.0)
PHILIP MORRIS IN  4I1 GR        39,923.0    (9,409.0)     (883.0)
PHILIP MORRIS IN  PM US         39,923.0    (9,409.0)     (883.0)
PHILIP MORRIS IN  PM1CHF EU     39,923.0    (9,409.0)     (883.0)
PHILIP MORRIS IN  4I1 GZ        39,923.0    (9,409.0)     (883.0)
PHILIP MORRIS IN  4I1 QT        39,923.0    (9,409.0)     (883.0)
PHILIP MORRIS IN  PM* MM        39,923.0    (9,409.0)     (883.0)
PHILIP MORRIS IN  PMOR AV       39,923.0    (9,409.0)     (883.0)
PHILIP MORRIS IN  PMIZ IX       39,923.0    (9,409.0)     (883.0)
PHILIP MORRIS IN  PMIZ EB       39,923.0    (9,409.0)     (883.0)
PLANET FITNESS-A  PLNT1EUR EU    1,509.6      (354.0)      283.0
PLANET FITNESS-A  3PL QT         1,509.6      (354.0)      283.0
PLANET FITNESS-A  PLNT1USD 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
PROMETIC LIFE     PJ2N TH          140.6       (84.1)       (2.1)
PROMETIC LIFE     PJ2N GR          140.6       (84.1)       (2.1)
PROMETIC LIFE     PFSCD US         140.6       (84.1)       (2.1)
PROMETIC LIFE     PLI CN           140.6       (84.1)       (2.1)
PROMETIC LIFE     PLI1EUR EU       140.6       (84.1)       (2.1)
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      RVL1 TH        3,041.7    (1,132.2)        9.3
REVLON INC-A      REVEUR EU      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
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  RST US           174.8        (9.8)      (71.6)
ROSETTA STONE IN  RS8 GR           174.8        (9.8)      (71.6)
ROSETTA STONE IN  RST1EUR EU       174.8        (9.8)      (71.6)
SALLY BEAUTY HOL  SBH US         2,092.6      (145.1)      753.4
SALLY BEAUTY HOL  S7V GR         2,092.6      (145.1)      753.4
SALLY BEAUTY HOL  SBHEUR EU      2,092.6      (145.1)      753.4
SBA COMM CORP     4SB GZ         9,312.8    (3,302.8)   (1,104.1)
SBA COMM CORP     SBACEUR 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 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     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   SEE US         5,155.0      (292.4)       74.1
SEALED AIR CORP   SDA GR         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
SERES THERAPEUTI  MCRB US          107.0       (69.8)       26.2
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  SILKEUR EU        38.7       (52.8)       18.3
SILK ROAD MEDICA  2OW GZ            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)
SLEEP NUMBER COR  SL2 GR           770.7      (124.6)     (399.8)
SLEEP NUMBER COR  SNBR US          770.7      (124.6)     (399.8)
SLEEP NUMBER COR  SNBREUR EU       770.7      (124.6)     (399.8)
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 GR        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    SRB QT        17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SBUXCHF EU    17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SBUXEUR EU    17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SBUX TE       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    SBUX SW       17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SBUX CI       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 TH        2,307.7      (221.5)      190.3
SUNPOWER CORP     SPWR US        2,307.7      (221.5)      190.3
SUNPOWER CORP     S9P2 GR        2,307.7      (221.5)      190.3
SUNPOWER CORP     S9P2 QT        2,307.7      (221.5)      190.3
SUNPOWER CORP     S9P2 GZ        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 US         1,438.8      (184.0)     (141.3)
TUPPERWARE BRAND  TUP GR         1,438.8      (184.0)     (141.3)
TUPPERWARE BRAND  TUP GZ         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)
UNISYS CORP       UIS EU         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       USY1 TH        2,484.5    (1,282.5)      345.4
UNISYS CORP       USY1 GR        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   8XC TH         4,697.3    (1,463.5)        -
UNITI GROUP INC   CSALUSD EU     4,697.3    (1,463.5)        -
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 GR         1,914.0      (298.0)      343.0
VALVOLINE INC     0V4 QT         1,914.0      (298.0)      343.0
VALVOLINE INC     VVVUSD EU      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 GR         1,429.2      (590.1)      324.7
VECTOR GROUP LTD  VGR US         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
VECTOR GROUP LTD  VGRUSD EU      1,429.2      (590.1)      324.7
VERISIGN INC      VRS TH         1,919.7    (1,406.1)      374.0
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      VRSNEUR EU     1,919.7    (1,406.1)      374.0
VERISIGN INC      VRS GZ         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-BDR  VRSN34 BZ      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  UWV TH           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
WAYFAIR INC- A    W US           2,113.9      (479.1)     (112.0)
WAYFAIR INC- A    1WF QT         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)
WEIGHT WATCHERS   WW US          1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS   WW6 GR         1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS   WW6 GZ         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   WTW AV         1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS   WTWUSD EU      1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS   WW6 TH         1,526.2      (815.1)      (44.7)
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 TH         9,432.0      (374.2)      190.9
WESTERN UNION     WU* MM         9,432.0      (374.2)      190.9
WESTERN UNION     W3U GZ         9,432.0      (374.2)      190.9
WESTERN UNION     WUEUR EU       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 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      WINA US           46.2       (13.8)        9.1
WINMARK CORP      GBZ GR            46.2       (13.8)        9.1
WORKHORSE GROUP   WKHSEUR EU        13.1       (18.0)      (14.9)
WORKHORSE GROUP   1WO TH            13.1       (18.0)      (14.9)
WORKHORSE GROUP   1WO GZ            13.1       (18.0)      (14.9)
WORKHORSE GROUP   WKHSUSD EU        13.1       (18.0)      (14.9)
WORKHORSE GROUP   WKHS US           13.1       (18.0)      (14.9)
WORKHORSE GROUP   1WO GR            13.1       (18.0)      (14.9)
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 TH         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   YUMUSD SW      4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC   TGR GZ         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 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   YUM US         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS -BDR  YUMR34 BZ      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 ***