/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/210406.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, April 6, 2021, Vol. 25, No. 95 Headlines 58 BRUCE AVENUE: Creditor Gary Dove Submits $2.115M Purchase Plan 595 BROADWAY: Seeks Approval to Tap Mark Manganelli as Accountant 84 ALBANY: SNB Says It's an Oversecured Creditor 85 FLATBUSH: Wins Cash Collateral Access A MERRYLAND OPERATING: Sets April 27 Plan Confirmation Hearing ADETONA LLC: Plan for 2nd Chapter 11 Case Extends Payment Terms AIR FLIGHT: Seeks to Tap Lashbrook Wollard & Fasano as Accountant ALL-NEW INC: Seeks to Hire Tran Singh as Legal Counsel ARIZONA AIRCRAFT: Wins Cash Collateral Access Thru June 30 ASOCIACION DE PROPIETARIOS: Court Confirms 100% Plan ASPIRA WOMEN'S: Incurs $17.9 Million Net Loss in 2020 AVERY ASPHALT: Seeks to Hire 3i Law as Litigation Counsel BIG KAT: Wins Cash Collateral Access on Final Basis Thru June 27 BIOLASE INC: Incurs $16.8 Million Net Loss in 2020 BOUCHARD TRANSPORTATION: Committee Taps Ropes & Gray as Counsel BOY SCOUTS OF AMERICA: Victims Group Wants to End Ch. 11 Control BRAZOS ELECTRIC: Appointment of Tort Claimants' Committee Sought BUENA VISTA: Moody's Hikes CFR to Caa1 & Alters Outlook to Stable CELTIC CONSTRUCTION: Seeks to Hire Jonathan Blakely as Counsel CEM III LLC: May 19 Equity Interest Public Sale Set CENTURY TOWNHOMES: Unsecureds to Recover 0% to 30% in Joint Plan COLLECTED GROUP: Case Summary & 30 Largest Unsecured Creditors COMANCHE XPRESS: Seeks to Tap Joyce W. Lindauer as Legal Counsel COULEE HILL: Seeks Approval to Hire Ed Satterfield as Accountant CROXTON 2 LLC: Melody to Auction Collateral on April 21 CYPRUS MINES: Asks Court to Deny Bid to Reconstitute Tort Committee DAYCO PRODUCTS: Moody's Hikes CFR to Caa1, Outlook Positive DELCATH SYSTEMS: Widens Net Loss to $24.1 Million in 2020 DN ENTERPRISES: Unsec. Creditors to Get Share of Income for 3 Years DUALIS MEAT MARKET: Court Confirms Chapter 11 Plan DURRANI M.D.: Seeks to Hire Davis & Newsome as Special Counsel DWS CLOTHING: Unsecured Creditors' Recovery Lowered to 2% in Plan EAS GRACELAND: Seeks to Hire Anderson Advisors as Tax Preparer ENERGY TRANSFER: Moody's Rates Perpetual Preferred Units 'Ba2' EVEN STEVENS: May 10 Plan Confirmation Hearing Set EVEN STEVENS: Unsecureds to Get 8% Stake in ES Management Sale Plan EVERGREEN DEVELOPMENT: U.S. Trustee Unable to Appoint Committee EVERGREEN DEVELOPMENT: Unsecured Creditors to Recover 100% in Plan EXPO CONSTRUCTION: Unsecured Creditors to Recover 3% in 60 Months FAITH CATHEDRAL: Non-Insider Unsecureds to Get 100% in 5 Years FIGUEROA MOUNTAIN: Taps Onyx Asset, Rabin Worldwide as Sales Agents GENERAL MOLY: Court Confirms Chapter 11 Reorganization Plan GIRARDI & KEESE: Actress Drops Claims for Ch. 11 Settlement Funds HEMISPHERE MEDIA: Moody's Affirms B2 CFR & Rates New Term Loan B2 HERTZ CORP: Seeks to Expand Scope of Moelis & Company's Services HERTZ GLOBAL: Selects Centerbridge-Backed Plan for Chapter 11 Exit HINTONS5 LLC: Seeks to Hire McCabe & Mack as Litigation Counsel IDEANOMICS INC: Incurs $106 Million Net Loss in 2020 J.C. PENNEY: Offloads Its $2.8 Billion Pension Liabilities JAGUAR HEALTH: Incurs $33.8 Million Net Loss in 2020 JSAA REALTY: To Seek Plan Confirmation on May 10 JSAA REALTY: Unsecured Claims to Recover 100% in Plan K&W CAFETERIAS: Unsecured Creditors Will be Paid in Full in Plan L&M RETAIL: Gets Cash Collateral Access on Final Basis LET'S TALK: Seeks to Hire Giddens Mitchell & Associates as Counsel LUCKY STAR-DEER: Affiliate Taps Hayes Young as Special Counsel MCGEHEE PARK: Rental Income, Litigation Proceeds to Fund Plan MEDOLAC LABORATORIES: Seeks to Hire Helmut Koehn as Accountant MEDOLAC LABORATORIES: Seeks to Hire Hone Law as Special Counsel MEDOLAC LABORATORIES: Seeks to Hire Larson & Zirzow as Counsel MERCY HOSPITAL: Committee Seeks to Tap Perkins Coie as Co-Counsel MERCY HOSPITAL: Committee Seeks to Tap Sills Cummis as Co-Counsel MOBIQUITY TECHNOLOGIES: Gets Additional $150K From Salkind Lenders MOBIQUITY TECHNOLOGIES: Lowers Net Loss to $15 Million in 2020 MONARCH GROUP: Court Approves Disclosure Statement MTE HOLDINGS: Seeks Cash Collateral Access NATIONAL RIFLE: Bonds Ellis 2nd Update on Judge Journey, 4 Others NINE POINT: Seeks to Hire AlixPartners as Financial Advisor NINE POINT: Seeks to Hire Perella Weinberg as Investment Banker NINE POINT: Seeks to Tap Stretto as Administrative Advisor OMEGA SPORTS: Files for Chapter 11 Bankruptcy Protection ONATAH FARMS: Wins Cash Collateral Access Thru May 1 PALM BEACH BRAIN: Taps Michael Moecker as Liquidating Agent PELICAN FAMILY: Wins Cash Collateral Access on Interim Basis PORCIER-MILLER: Seeks to Hire Long and Foster as Listing Agent QEP RESOURCES: Moody's Withdraws B2 Corp. Family Rating RANCHO DESTINO: Taps Berkshire Hathaway as Real Estate Agent RED SKY AG: Unsecureds to be Paid in Full from Farming Operations REDSTONE BUYER: Moody's Affirms B2 CFR on Recapitalization RELIANCE INDUSTRIES: Oil-to-Chemicals Spinoff Okayed REMARK HOLDINGS: Incurs $13.7 Million Net Loss in 2020 RENAISSANCE RESTORATIONS: Seeks to Tap Schafer & Weiner as Counsel RIOT BLOCKCHAIN: Incurs $12.7 Million Net Loss in 2020 RT DEVELOPMENT: U.S. Trustee Unable to Appoint Committee S-TEK 1 LLC: Wins Cash Collateral Access Thru May 31 SANDWICH ISLES: FCC Lawsuit Belongs in DC Circuit, Says Fed. Circ. SLIM DOLLAR: Plan to be Funded by $5,600 Monthly Rent of Bryant TERRY J. LEMONS: Seeks to Tap Rountree Leitman & Klein as Counsel THOMAS-CEBO: Unsecureds to Receive Up to 100% from Sale Proceeds TRI-STATE PAIN INSTITUTE: Parties Agree to Convenience Class TRI-STATE PAIN: Unsecureds Owed $20K+ to Get $15K in 60 Months TRIANGLE RE 2021-2: Moody's Assigns (P)B2 Rating to Cl. M-2 Notes US CONSTRUCTION: Seeks to Hire Zendeh Del & Associates as Counsel VALERITAS HOLDINGS: Claims Objection Deadline Extended to Oct. 4 VANDEVCO LIMITED: Plan Depends on Outcome of State Court Action VAUGHN ENVIRONMENTAL: Seeks to Hire Spence Custer as Legal Counsel VIENTO WINES: Seeks to Hire Michael D. O'Brien as Legal Counsel VTES INC: Seeks to Tap Harvey H. Rosen as Corporate Counsel WILDFIRE INC: Seeks to Hire Harik Thompson as Tax Accountant [^] Large Companies with Insolvent Balance Sheet ********* 58 BRUCE AVENUE: Creditor Gary Dove Submits $2.115M Purchase Plan ----------------------------------------------------------------- Creditor Gary Dove submitted a Plan and a Disclosure Statement for 58 Bruce Avenue Corp. The Bankruptcy Court has scheduled a hearing to be held on May 13, 2021 at 3:00 p.m. to approve this Disclosure Statement under Section 1125(b) of the Bankruptcy Code. According to the Debtors' Schedules, the properties of the Debtors have a combined value of $1,755,00, with combined mortgages of Chase Bank in the amount of $773,890.74. The Combined Purchase Price for the Properties is $2,115,000 to be paid upon closing by Dove, subject to certain credits. Dove is entitled to a credit of $211,500 for the down payments made in 2016. Additionally, pursuant to the Judgment, Dove is entitled to (i) Credits in the amount of $401,042.90 and (ii) Judgment Interest at the rate of 9% per annum through June 1, 2021 in the amount $180,469.30, which continues to accrue. If the Sale Motion is approved, Dove will unilaterally reduce the Judgment Interest by $50,000. In order to fund the Closing, Dove would be required to pay a balance of $1,371,987.80 at Closing for the Properties with the Distribution Funds. The Plan treats claims as follows: * Class 2 Secured Creditors: The Allowed Secured Claims of Gary Dove. Dove's Allowed Secured Claims will be reduced by Dove's purchase price for the Properties and will be credited to Dove at the Closing. The Allowed Class 2 Claim is unimpaired under this Plan, the holder of the Allowed Class 2 Claim is the proponent of the Plan, and the holder is deemed to have accepted the Plan. * Class 3 General Unsecured Creditors: Allowed Unsecured Claims shall be paid in full, in cash, with interest of 2.39% per annum. Interest will accrue and be paid to the date of distribution. Allowed Class 3 Claims are unimpaired under this Plan and holders are deemed to have accepted the Plan. Attorney for Creditor Gary Dove: Daniel S. Alter 360 Westchester Avenue #316 Port Chester, New York 10573 Tel: (914) 393-2388 A copy of the Disclosure Statement is available at https://bit.ly/3dwNUdH from PacerMonitor.com. About 58 Bruce Avenue Corp. 58 Bruce Avenue Corp. classifies its business as Single Asset Real Estate (as defined in 11 U.S.C. Section 101(51B)). 58 Bruce Avenue Corp. filed a voluntary Chapter 11 petition (Bankr. S.D.N.Y. Case No. 20-23033) on September 10, 2020. The petition was signed by Steve Edlund, president. The case is jointly administered with the Chapter 11 case filed by 143 School Street Realty Corp. (Bankr. S.D.N.Y. Case No. 20-23034). At the time of the filing, 58 Bruce Avenue was estimated to have $1 million to $10 million in both assets and liabilities. M. Cabrera & Associates, P.C., led by Matthew M. Cabrera, Esq., serves as the Debtor's counsel. 595 BROADWAY: Seeks Approval to Tap Mark Manganelli as Accountant ----------------------------------------------------------------- 595 Broadway, LLC seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to employ Mark Manganelli, an accountant and owner of LedgerPlus. The Debtor needs the assistance of an accountant to complete the monthly reports for the office of the U.S. Trustee and other financial obligations in its Chapter 11 case. Mr. Manganelli will be billed at his hourly rate of $150, plus reimbursement for out-of-pocket expenses. Mr. Manganelli disclosed in a court filing that he is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The accountant can be reached at: Mark M. Manganelli LedgerPlus 29 Cummings Park, Suite 400 Woburn, MA 01801 Telephone: (781) 932-1909 Email: ledplus@aol.com About 595 Broadway 595 Broadway LLC is a single asset real estate debtor (as defined in 11 U.S.C. Section 101(51B)). 595 Broadway filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case No. 21-10272) on Mar. 3, 2021. David Reis, manager, signed the petition. At the time of the filing, the Debtor disclosed $1 million to $10 million in both assets and liabilities. The Debtor tapped Shapiro & Hender as legal counsel and Mark M. Manganelli at LedgerPlus as accountant. 84 ALBANY: SNB Says It's an Oversecured Creditor ------------------------------------------------ Sterling National Bank filed its objection to the Disclosure Statement filed by 84 Albany Avenue Realty Corp in connection with the Debtor's Liquidating Plan of Reorganization. Since SNB held a mortgage on the property which, by the debtor's own admission, was "inadvertently releases", SNB should be entitled to the net proceeds from the sale of the property before other creditors and insiders are paid. However, the plan does not provide for such treatment, but rather provides for a distribution of substantially all of the remaining net proceeds to Robert Bloom, the Debtor's insider and guarantor of the SNB debt. SNB points out that as of the filing date, the Debtor listed SNB's claim as $550,000. The property sold for $990,000. Accordingly, SNB is an oversecured creditor and it is entitled to receive post-petition interest and other costs with respect to its claim. SNB further points out that if it is ultimately determined that the satisfaction was erroneous and that the net proceeds from the sale of the property continue to secure the indebtedness owed to SNB by the debtor then all of the net proceeds from sale of the property now being held by the debtor's counsel would be due and payable to SNB and there would be no remaining sale proceeds to confirm the plan. According to SNB, the Disclosure Statement provides that in the event the SNB is an unsecured creditor, then by virtue of its failure to file a proof of claim by the bare date of may 29,2020, SNB cannot now assert a claim in this case. The plan provides that, with the exception of the payments to creditors holding de minimis amounts, the net proceeds from the sale of the property, after the payment of allowed administrative claims, would be paid to Robert Bloom, the Debtor's sole member and the guarantor of the SNB debt. This position is contrary to representations made by the debtor to this court, to SNB's counsel, and by Robert Bloom directly to SNB. For the reasons set forth in the lift stay motion, SNB disputes the Debtor's position that SNB does not hold a valid claim against the net proceeds from the sale of the property and against the funds in the Debtor's estate. Therefore, as the Debtor's largest creditor SNB intends to vote against the Plan. Attorney for Sterling National Bank: Stuard I. Gordon Matthew V. Spero RIVKKIN RADLER LLP 26 RXR PLAZA Uniondale, New York 11556-0926 Telephone: (516) 357-3000 Facsimile: (516) 357-3333 About 84 Albany Ave. Realty 84 Albany Ave. Realty Corp. a commercial building with 24,000 sq. ft. of space located in Freeport, NY, having a current value of $1.05 million. 84 Albany Ave. Realty Corp. filed a voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 20-11423) on Feb. 28, 2020. The petition was signed by Robert Bloom, chief executive officer (CEO). At the time of the filing, the Debtor disclosed estimated assets of $1 million to $10 million and estimated liabilities of $500,000 to $1 million. The Hon. Robert D. Drain oversees the case. The Debtor is represented by Bronson Law Offices, P.C. 85 FLATBUSH: Wins Cash Collateral Access ---------------------------------------- The U.S. Bankruptcy Court for the Southern District of New York has authorized 85 Flatbrush RHO Mezz LLC and its debtor-affiliates to use, on a final basis, cash collateral generated from the operations of Debtors 85 Flatbush RHO Hotel LLC and 85 Flatbush RHO Residential LLC. The Debtors require the use of cash collateral to fund operations during the Chapter 11 Cases. The order acknowledges that the Debtors' use of Cash Collateral may decrease the value of pre-petition liens without a corresponding reduction in the pre-petition obligations owed to the lender by the Debtors. The order permits the Debtors to use Cash Collateral on an emergency basis, in an amount not to exceed, in any one month, the sum of $2,500 per month, except that the Debtors must notify the lender within 24 hours after the Debtors make any such expenditures. The Debtors are authorized to grant adequate protection to 85 Flatbush Avenue 1 LLC as lender. The Debtors and the Lender agree that as of Petition Date, the principal amount of the Lender's claims against the estates of the Debtors is $85,158,815. The Lender's Claim will continue to accrue interest and additional charges pursuant to and under the Loan Documents. The budget was prepared by the Debtors and enumerates in detail the Debtors' projected cash expenses of operations from the Petition Date through March 31, 2021. From time to time, the Debtors will provide the Lender, with budgets for use in connection with the Final Consent Cash Collateral Order and such budgets, to the extent approved by the Lender will be deemed to satisfy the Debtors' obligation to update the Budget for the periods subsequent to the period ending on March 31 under the Order. The Debtors may supplement the Approved Budget from time to time by new monthly budgets. The Debtors will serve any revised Budget(s) or supplement(s) to an existing Budget to the Lender's counsel by electronic mail or overnight mail. If the Lender does not object to the Amended Budget within seven days of receipt of such Amended Budget, then the Debtors must file such Amended Budget and such Amended Budget will become the Approved Budget, without further approval. The Debtors have, for any month, on a cash basis, an excess of cash receipts less the expenses set forth in the Approved Budget (including any permitted variance) from operation of the Property, the Debtors will pay the Net Profits for that month in excess of $10,000 to the Lender up to the amount of monthly interest accruing on the note underlying the Lender's claim as adequate protection payments, even if such amounts are or were in the Approved Budget, which payments will be applied only to the Lender's allowed secured claim. The Debtor is prohibited from exceeding any line item on the Budget by an amount exceeding 10% of each such line item, except that the Debtor may make payments up to 10% in excess of the total budgeted expenses for that month in the Preliminary Budget so long as actual disbursements do not exceed 110% of the budgeted total expenses for the month. As adequate protection, the Lender is granted first priority, valid, and perfected replacement liens on and security interests in all the Debtors' now existing and hereafter acquired real and personal property and assets and all cash and non-cash proceeds thereof, which first priority, valid, and perfected replacement liens and security interests will be deemed to be effective nunc pro tunc from the Petition Date without further action by the Lender, except that the replacement liens and security interests will not attach to any claims or causes of action arising under 11 U.S.C. sections 544, 545, 547, 548, or 549 or its proceeds, excluding recoveries under section 549 on account of Post-Petition Collateral. Any Diminution in the value of the valid, perfected and enforceable Pre-Petition Liens in favor of the Lender securing the Pre-Prepetition Obligations caused by the Debtors' use of the Lender's Cash Collateral that is not compensated by Post-Petition Collateral will constitute a cost and expense of administration in the bankruptcy cases in accordance with Section 503(b)(1) and will have a superpriority status under Section 507(b), and thus will be paid ahead of all other costs and expenses of administration of the bankruptcy cases, including, without limitation, those specified in sections 503(b) or 507(a); subject only to: (i) the fees of the United States Trustee under 28 U.S.C. section 1930, statutory interest thereon, and fees of the Clerk of the Court; (ii) all accrued and unpaid claims for unpaid fees, costs, and expenses incurred at any time before the Termination Date, payable to estate professionals, retained by the Debtors whose retention is approved by the Bankruptcy Court pursuant to sections 327 or 328, to the extent that such Professional Fees are allowed by the Bankruptcy Court at any time (i.e., before or after the Termination Date) on an interim or final basis; (iii) all Professional fees incurred on or after the Termination Date by Professional Personals and allowed by the Bankruptcy Court at any time whether before or after the Termination Date whether allowed by an interim order or otherwise, not to exceed $75,000 and (iv) no more than $15,000 for the commissions, fees and expenses of any chapter 7 trustee appointed in the cases. The postpetition replacement liens and security interests granted to the Lender pursuant to the Final Order are automatically perfected by operation of law upon the Court's entry of the Final Order nunc pro tunc from the Petition Date without further action by the Lender. All the liens on and security interests in the Post-Petition Collateral granted under the agreement are deemed to be effective on and after the Petition Date, will continue in full force and effect, and will survive the Termination Date. These events constitute "Event of Default": a. The Bankruptcy Court grants relief from the automatic stay to a third party related to a material portion of the assets of the Debtors' estates; b. The Debtors' bankruptcy cases are either dismissed or converted to a Chapter 7 case, pursuant to an order of the Bankruptcy Court, the effect of which has not been stayed; c. A Chapter 11 trustee, an examiner, or any other responsible person or officer of the Court with similar powers is appointed by order of the Bankruptcy Court, the effect of which has not been stayed; d. The Final Order is reversed, vacated, stayed, amended, supplemented or otherwise modified in a manner which will, in the reasonable opinion of the Lender (i) materially and adversely affect the rights of the Lender under the agreement, or (ii) materially and adversely affect the priority of any or all of the Lender's claims and the liens granted; e. Non-compliance or default by the Debtors with any of the terms and provisions of the Final Order; provided, however, that the non-compliance or default will not be considered an Event of Default if curable and cured by the Debtor within five business days after notice of such non-compliance or default is given by the Lender to the Debtors through Debtors' counsel, counsel to any Committee appointed in these cases and the U.S. Trustee by counsel to the Lender by electronic mail and overnight delivery. A copy of the Final Order is available for free at https://bit.ly/2PH9V0Z from PacerMonitor.com. About 85 Flatbush RHO Mezz LLC 85 Flatbush RHO Mezz LLC is the 100% owner of 85 Flatbush RHO Hotel LLC and 85 Flatbush RHO Residential LLC. Hotel and Residential collectively own the property located at 85 Flatbush Extension, Brooklyn, New York. The Property is a 132,641 square foot, 12-story, mixed use property consisting of a 174-room boutique hotel on the first 6 floors known as the Tillary Hotel Brooklyn, a 58,652-square foot 64-unit luxury multi-family building and a 5,642-square foot parking garage. The residential component of the Property has nine studios, 26 one-bedroom units and 29 two-bedroom units. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 20-23280) on December 18, 2020. In the petitions signed by David Goldwasser, chief restructuring officer, the Debtor disclosed around $50 million to $100 million in both assets and liabilities. Judge Robert D. Drain oversees the case. Fred B. Ringel, Esq., at Robinson Brog Leinwand Greene Genovese & Gluck P.C. represents the Debtors as counsel. A MERRYLAND OPERATING: Sets April 27 Plan Confirmation Hearing -------------------------------------------------------------- A Merryland Operating LLC will ask the Honorable Nancy H. Lord, United States Bankruptcy Judge, at the U.S. Bankruptcy Courthouse, Eastern District of New York (Brooklyn Division) via Telephonic Conference for approval at a hearing on April 27, 2021 at 10:30 a.m., of its Subchapter V Plan dated March 26, 2021. April 20, 2021, at 4:00 p.m. Eastern Standard Time, is the voting deadline. Objections to confirmation of the Plan are also due April 20. In light of the COVD-19 pandemic, all hearings will be conducted telephonically pending further order of this Court. Parties that wish to appear at the hearing must follow the instructions on the Court's website at www.nyeb.uscourts.gov/content/judge-nancy-hershey-lord About A Merryland Operating A Merryland Operating LLC is a walk-in primary care medical clinic located in the underserved community of Coney Island. A Merryland Operating filed a voluntary Chapter 11 petition (Bankr. E.D.N.Y. Case No. 19-46475) on Oct. 28, 2019, estimating under $1 million in assets and liabilities. Judge Nancy Hershey Lord oversees the case. The Debtor has tapped Dawn Kirby, Esq., at Kirby Aisner & Curley LLP, as its legal counsel, and Broder-Mansoor, Inc., as its accountant. Eric Huebscher has been appointed as patient care ombudsman and is represented by Farrell Fritz, P.C. ADETONA LLC: Plan for 2nd Chapter 11 Case Extends Payment Terms --------------------------------------------------------------- Adetona, LLC, submitted an Amended Disclosure Statement explaining its Plan of Reorganization. The Debtor is currently leasing the real property to PRACTICAL APPROACH PEDIATRIC DENTISTRY, LLC, PRACTICAL APPROACH PEDIATRIC URGENT CARE, PLLC, and PRACTICAL APPROACH PEDIATRICS, PLLC. These leases will be assumed in the plan. Each one of those entities is currently paying the Debtor $5,000 per month each for a total of $15,000 in rental income for the Debtor. Additionally, each one of those entities collectively owes the Debtor the sum of $135,000 for rent that was not paid prepetition. Those three entities collectively shall pay the sum of $2,250 each month for 60 months commencing 30 days from the effective date of the Plan. The leases expire in three years and a rent increase will occur at that time. Thus, it can readily be seen that the Debtor's projections show that it is realizing a profit and should be able to pay all Creditors pursuant to its Plan of Reorganization. The Plan treats claims as follows: * Class 2: Secured Claim of ROBCOSA, LLC totaling $131,839. The Debtor believes that the total amount owed to this Creditor is $107,192 and Debtor disputes that it owes this Creditor the sum of $131,893. This Creditor is impaired and shall be paid $107,192 at 8% interest. Monthly payment of $1,301. Debt amortized over 10 years to begin 30 days from the effective date of the Plan. * Class 3: Secured Claim of CAZ Creek Tex, LLC totaling $20,000. CAZ Creek Tex, LLC, is impaired and will be paid $20,000 at 9.9% interest. Monthly Payment of $423.96. Debt amortized over 10 years to begin 30 days from the effective date of the Plan. * Class 4: Secured Claim of Wells Fargo Bank totaling $1,176,000. Wells Fargo Bank is impaired and will be paid $1,222,264 at 4.8% interest. Monthly payments of $7,676 will begin 30 days from the effective date of the Plan. * Class 5: Secured Claim of Texas Mezzanine, Inc. totaling $410,000. Texas Mezzanine, Inc., is impaired and will be paid $410,000 at 2.17%. Variable monthly payment of $500 to begin 30 days from the effective date of the Plan, then increasing to $1,2050 on Jan. 1, 2022, then increasing to $2,000 on Jan. 1, 2023; then increasing to $2,750 on Jan. 1, 2024; then increasing to $2,500 on Jan. 1, 2025; and then increasing to $4,250 on Jan. 1, 2026, until paid on January 1, 2031. * Class 6: Secured Claim of TaxCoreLending, Inc., totaling $95,287.00. TaxCoreLending, Inc., is impaired and will be paid $92,287 at 8% interest. Monthly payment of $1,153. Debt payments amortized over 10 years will begin 30 days from the effective date of the Plan. * Class 7: Secured Claim of US Small Business Administration/LIFT Fund $590,000. US Small Business Administration/LIFT Fund is impaired and will be paid $590,000 at 2.17%. Variable monthly payment of $500 to begin 30 days from the effective date of the Plan, and increasing to $1,250 on Jan. 1, 2022, increasing to $2,000 on Jan. 1, 2023, then increasing to $2,750 on Jan. 1, 2024, then increasing to $3,500 on Jan. 1, 2025, increasing to $4,250 on Jan. 1, 2026, and then increasing to $5,350 on Jan. 1, 2027, until paid on Sept. 1, 2035. * Class 8 Unsecured Claims of Wells Fargo Bank totaling $189,139. The Class 8 Creditor will receive monthly payments of $500 to begin 30 days from the effective date of the Plan and continued until such claim is fully paid. The monthly payment to the unsecured creditor shall increase by amounts equal to the monthly Class 7 and Class 8 payments once they are paid to the extent needed. Attorney for the Debtor: JAMES S. WILKINS, P.C. 1100 NW Loop 410, Suite 700 San Antonio, TX 78213 Tel: (210) 271-9212 Fax: (210) 271-9389 A copy of the Amended Disclosure Statement is available at https://bit.ly/2PKUhBM from PacerMonitor.com. About Adetona LLC Based in San Antonio, Texas, Adetona, LLC, is a single asset real estate debtor (as defined in 11 U.S.C. Section 101(51B)). The Debtor is engaged in the business of real estate rental. The Debtor was previously engaged in a prior bankruptcy case filed in 2018 (Bankr. S.D. Tex. Case No. 18-52099-RBK). The Debtor's Plan was confirmed on July 17, 2019. Unfortunately, the Debtor's income was not sufficient to sustain its Plan payments and was required to file a second Chapter 11 proceeding to prevent foreclosure by Wells Fargo Bank. Adetona again filed a petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 20-51825) on Oct. 30, 2020. Olutola Adetona, the managing member, signed the petition. At the time of filing, the Debtor estimated $1 million to $10 million in both assets and liabilities. Judge Craig A. Gargotta oversees the case. James S. Wilkins, P.C., serves as the Debtor's legal counsel. AIR FLIGHT: Seeks to Tap Lashbrook Wollard & Fasano as Accountant ----------------------------------------------------------------- Air Flight, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Lashbrook Wollard & Fasano, PA as accountant. The firm will render these services: (a) prepare annual corporate federal and state income tax returns; (b) prepare annual tangible property tax returns; and (c) handle routine tax authority matters. The firm charges $1,200 to $2,500 annually for its services. David Fasano, a partner at Lashbrook Wollard & Fasano, disclosed in a court filing that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: David J. Fasano Lashbrook Wollard & Fasano, PA 3201 Griffin Road, Suite 400 Fort Lauderdale, FL 33312 Telephone: (954) 581-8112 Facsimile: (954) 581-2554 Email: info@lbrook.com About Air Flight Air Flight, Inc. filed a Chapter 11 bankruptcy petition (Bankr. S.D. Fla. Case No. 21-11039) on Feb. 2, 2021, disclosing under $1 million in both assets and liabilities. Christopher S. Allen, president, signed the petition. Judge Peter D. Russin oversees the case. The Debtor tapped Van Horn Law Group, Inc. as counsel and Lashbrook Wollard & Fasano, PA as accountant. ALL-NEW INC: Seeks to Hire Tran Singh as Legal Counsel ------------------------------------------------------ All-New Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Tran Singh, LLP as its legal counsel. The firm's services include: a. analyzing the financial situation and rendering assistance to the Debtor; b. advising the Debtor with respect to its rights, duties and powers in its Chapter 11 case; c. representing the Debtor at all hearings and other proceedings; d. preparing legal papers; e. representing the Debtor at any meeting of creditors; f. representing the Debtor in all proceedings before the bankruptcy court and in any other judicial or administrative proceeding where the rights of the Debtor may be litigated or otherwise affected; g. preparing and filing a disclosure statement and Chapter 11 plan of reorganization; h. assisting the Debtor in analyzing the claims of creditors and in negotiating with such creditors; and i. assisting the Debtor in any matters relating to the case. The firm will be paid at these rates: Susan Tran Adams $375 per hour Brendon Singh $395 per hour Briana Head $250 per hour Tran Singh received a retainer in the amount of $22,991.04. The firm will also be reimbursed for out-of-pocket expenses incurred. Susan Tran Adams, Esq., a partner at Tran Singh, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. Tran Singh can be reached at: Susan Tran Adams, Esq. Brendon Singh, Esq. Tran Singh, LLP 1010 Lamar St., Suite 1160 Houston TX 77002 Tel: (832) 975-7300 Fax: (832) 975-7301 Email: STran@ts-llp.com About All-New Inc. All-New Inc. sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Case No. 21-30682) on Feb. 25, 2021, listing under $1 million in both assets and liabilities. Susan Tran Adams, Esq., at Tran Singh, LLP, serves as the Debtor's legal counsel. ARIZONA AIRCRAFT: Wins Cash Collateral Access Thru June 30 ---------------------------------------------------------- The U.S. Bankruptcy Court for the District of Arizona has entered a Fifth Stipulated Order Approving Debtor's Emergency Motion for Authorization to Use Cash Collateral of Arizona Aircraft Painting, LLC and Wells Fargo Bank, N.A. The Order Approving the Debtor's Emergency Motion for Authorization to Use Cash Collateral entered June 10, 2019, which was subsequently extended several times, is extended from March 30 through June 30, 2021. The Debtor is authorized to pay all expenses in the ordinary course of its business in accordance with the operating budget with a reasonable variation depending on the actual expenses as they arise, as well as make adequate protection payments to secured creditors for the period of April through June 2021: 1. $227 per month to On Deck Capital; 2. $300 per month to the Internal Revenue Service; and 3. $7,200 per month to Wells Fargo on the fifteenth day of each month thereafter through and including June 15, 2021. As adequate protection for the Debtor's use of cash collateral, Wells Fargo, On Deck and the IRS are granted post-petition liens on the Debtor's inventory, accounts, and contract rights: (a) to the extent of cash collateral actually expended; (b) on the same assets and in the same order of priority as currently exists between Debtor and the Secured Creditors; and (c) with Debtor's full reservation of rights with respect to the issues set forth in the order. A copy of the order is available for free at https://bit.ly/3m7DR2y from PacerMonitor.com. About Arizona Aircraft Painting, LLC Arizona Aircraft Painting, LLC specializes in aerospace performance coatings. It also offers design services, interior refurbishment, vortex generators, aircraft cleaning and detailing services, and window replacement services. Arizona Aircraft Painting operates out of a 10,000-square-foot facility in Mesa, Ariz. Arizona Aircraft Painting filed a Chapter 11 petition (Bankr. D. Ariz. Case No. 19-05477) on May 3, 2019. In the petition signed by Steven Head, member, the Debtor estimated $1 million to $10 million in assets and $500,000 to $1 million in liabilities. Judge Daniel P. Collins oversees the case. Keery McCue, PLLC serves as the Debtor's bankruptcy counsel. ASOCIACION DE PROPIETARIOS: Court Confirms 100% Plan ---------------------------------------------------- Judge Edward A. Godoy of the U.S. Bankruptcy Court for the District of Puerto Rico has entered an order confirming the plan filed by Asociacion De Propietarios Condominio Radio Centro dated December 11, 2019, as supplemented on May 13, 2020, and Oct. 23, 2020. According to the most recent amendment, the Oct. 23 amendment, the treatment of general unsecured creditors will be as follows: The total unsecured claims subject to distribution is $209,087. Creditors in this class will receive a total repayment of 100% of their claimed or listed debt plus 2.50% annual interest. The Debtor will comply with 113 equal monthly installments of 1,250 each up to the date all unsecured creditors are paid in full. The prior iteration of the Plan as provided for the May 13 amendment provided for a 35% recovery for unsecured creditors. The original plan provided for a recovery of 1.72% for the class. About Asociacion De Propietarios Condominio Radio Centro Asociacion De Propietarios Condominio Radio Centro sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 19-02202) on April 23, 2019. At the time of the filing, the Debtor was estimated to have assets of less than $100,000 and liabilities of less than $500,000. Gloria Justiniano Irizarry, Esq., at Justiniano's Law Office, is the Debtor's counsel. ASPIRA WOMEN'S: Incurs $17.9 Million Net Loss in 2020 ----------------------------------------------------- Aspira Women's Health Inc. filed with the Securities and Exchange Commission its Annual Report on Form 10-K disclosing a net loss of $17.90 million on $4.65 million of total revenue for the year ended Dec. 31, 2020, compared to a net loss of $15.24 million on $4.54 million of total revenue for the year ended Dec. 31, 2019. As of Dec. 31, 2020, the Company had $19.60 million in total assets, $9.88 million in total liabilities, and $9.72 million in total stockholders' equity. The Company has incurred significant net losses and negative cash flows from operations since inception, and as a result has an accumulated deficit of approximately $440,066,000 and had limited liquidity at Dec. 31, 2020. The Company also expects to incur a net loss and negative cash flows from operations for 2021. Aspira said, "As a result of the COVID-19 pandemic and actions taken to contain it, the Company's test volume, and resulting revenue, decreased significantly in late March and the full month of April 2020 as fewer patients visited their physicians and elective surgeries were postponed as a result of closures. The Company saw some increases in its test volume towards the latter half of the second quarter and in the third quarter of 2020, and test volume trended back to pre-COVID-19 levels during the late third quarter 2020. In order to reduce the impact of limitations on visiting physician offices due to closures and quarantines, the Company implemented other mechanisms for reaching physicians such as virtual sales representative meetings and increased digital sales and marketing. Enrollment for future studies has been slower than originally planned due to the impact of current closures for some states. The full impact of the COVID-19 pandemic continues to evolve as of the date of this filing. As a result, the Company is unable to estimate the extent of the impact of the COVID-19 pandemic on its liquidity." A full-text copy of the Form 10-K is available for free at: https://www.sec.gov/Archives/edgar/data/926617/000092661721000033/awh-20201231x10k.htm About Aspira Women's Health ASPIRA formerly known as Vermillion, Inc. -- http://www.aspirawh.com-- is transforming women's health with the discovery, development and commercialization of innovative testing options and bio-analytical solutions that help physicians assess risk, optimize patient management and improve gynecologic health outcomes for women. OVA1 plus combines its FDA-cleared products OVA1 and OVERA to detect risk of ovarian malignancy in women with adnexal masses. ASPiRA GenetiXSM testing offers both targeted and comprehensive genetic testing options with a gynecologic focus. With over 10 years of expertise in ovarian cancer risk assessment ASPIRA has expertise in cutting-edge research to inform our next generation of products. Its focus is on delivering products that allow healthcare providers to stratify risk, facilitate early detection and optimize treatment plans. AVERY ASPHALT: Seeks to Hire 3i Law as Litigation Counsel --------------------------------------------------------- Avery Asphalt, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Colorado to employ 3i Law, LLC as special counsel. 3i Law will represent the Debtor in a lawsuit (Case No. 2021CV30265) that it filed against Denver Asphalt and Concrete Services, Inc. and Garrick Claypool, an ex-employee of the Debtor, in Colorado State District Court in El Paso County. Jessamyn Jones, Esq., the firm's attorney who most likely will perform services, agreed to reduce her hourly rate from $395 to $350. Other attorneys will be billed at $315 per hour while paralegals and law clerks will be billed at $95 to $125 per hour. Prior to the petition date, the Debtor agreed to pay 3i Law a retainer of $5,000. Ms. Jones disclosed in a court filing that her firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jessamyn L. Jones, Esq. 3i Law, LLC 2000 S. Colorado Blvd. Tower 1, Suite 10000 Denver, CO 80222 Telephone: (303) 245-2100 Email: info@3ilawfirm.com About Avery Asphalt Avery Asphalt, Inc., a Colorado-based asphalt paving contractor, and its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 21-10799) on Feb. 19, 2021. The affiliates are Avery Equipment LLC, Avery Holdings LLC, 1401 S. 22nd Avenue LLC, LBLA Ventures Inc., and Regional Pavement Maintenance of Arizona Inc. (Case Nos. 21-10800, 21-10801, 21-10802, 21-10805 and 21-10808). At the time of the filing, the Debtors each disclosed less than $50,000 in assets and $1 million to $10 million in liabilities. Wadsworth Garber Warner Conrardy, PC and 3i Law, LLC serve as the Debtors' bankruptcy counsel and special counsel, respectively. BIG KAT: Wins Cash Collateral Access on Final Basis Thru June 27 ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division has authorized Big Kat Daddys, LLC to use up to $75,000 in cash collateral on a final basis through June 27, 2021. The secured creditors are granted a replacement lien on future accounts receivable for any amounts expended until a plan is confirmed. The Debtor grants a replacement lien on future accounts receivable for any amounts expended until a plan is confirmed. The Debtor is directed to pay monthly adequate protection payment of $3,115 to Texas Comptroller of Public Accounts and $1,000 to Funding Metrics monthly who are secured creditors with an interest in cash collateral. These payments began March 28, 2021, and are due on the 28th of each successive month. The Debtor is also directed to send $1,000 a month for fees in related to the Sub Chapter 5 Trustee to be held in Trust by the Sub Chapter 5 Trustee subject to Fee Applications beginning April 15, 2021. A copy of the order is available for free at https://bit.ly/3sGQ3cN from PacerMonitor.com. About Big Kat Daddys, LLC Big Kat Daddys, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 21-30895) on March 11, 2021. In the petition signed by Jayce Thacker, managing member, the Debtor disclosed up to $500,000 in both assets and liabilities. Judge Jeffrey P Norman oversees the case. Nima Taherian at Law Office of Nima Taherian represents the Debtor as counsel. BIOLASE INC: Incurs $16.8 Million Net Loss in 2020 -------------------------------------------------- Biolase, Inc. filed with the Securities and Exchange Commission its Annual Report on Form 10-K disclosing a net loss of $16.83 million on $22.78 million of net revenue for the year ended Dec. 31, 2020, compared to a net loss of $17.85 million on $37.80 million of net revenue for the year ended Dec. 31, 2019. As of Dec. 31, 2020, the Company had $41.02 million in total assets, $30.99 million in total liabilities, and $10.03 million in total stockholders' equity. As of Dec. 31, 2020, the Company had working capital of approximately $23.9 million. The Company's principal sources of liquidity as of Dec. 31, 2020 consisted of approximately $17.9 million in cash, cash equivalents and restricted cash and $3.1 million of net accounts receivable. The increase in cash, cash equivalents and restricted cash was primarily due to the net proceeds from the registered direct private placement and the rights offering consummated during the year ended Dec. 31, 2020. Additionally, the Company received proceeds of $14.4 million from its issuance of common stock and $15.0 million from warrants exercised subsequent to Dec. 31, 2020. Biolase said, "In order for the Company to continue operations beyond the next 12 months and be able to discharge its liabilities and commitments in the normal course of business, the Company must increase sales of its products, control or potentially reduce expenses and establish profitable operations in order to generate cash from operations or obtain additional funds when needed. "Although the Company received gross proceeds of approximately $24.0 million from equity offerings in the second and third quarters of 2020 and gross proceeds of approximately $14.4 million from an equity offering in February 2021, and $15.0 million for warrant exercises subsequent to December 31, 2020, the Company may still have to raise additional capital in the future. Additional capital requirements may depend on many factors, including, among other things, the rate at which the Company's business grows, the COVID-19 pandemic and the actions taken to contain it, demands for working capital, manufacturing capacity, and any acquisitions that the Company may pursue. From time to time, the Company could be required, or may otherwise attempt, to raise capital through either equity or debt offerings. The Company cannot provide assurance that it will be able to successfully enter into any such equity or debt financings in the future or that the required capital would be available on acceptable terms, if at all, or that any such financing activity would not be dilutive to its stockholders." A full-text copy of the Form 10-K is available for free at: https://www.sec.gov/Archives/edgar/data/811240/000156459021017121/biol-10k_20201231.htm About BIOLASE BIOLASE -- http://www.biolase.com-- is a medical device company that develops, manufactures, markets, and sells laser systems for the dentistry, and medicine industries. BIOLASE's proprietary laser products incorporate approximately 271 patented and 40 patent-pending technologies designed to provide biologically and clinically superior performance with less pain and faster recovery times. BOUCHARD TRANSPORTATION: Committee Taps Ropes & Gray as Counsel --------------------------------------------------------------- The official committee of unsecured creditors appointed in the Chapter 11 case of Bouchard Transportation Co., Inc. and affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to retain Ropes & Gray LLP as its legal counsel. The firm will render these services: (a) advise the committee and consult with the Debtors and the U.S. trustee concerning the administration of the cases; (b) review, analyze and respond to pleadings filed with the court by the Debtors and other parties in interest and participate at hearings on such pleadings; (c) investigate the acts, conduct, assets, liabilities and financial condition of the Debtors, the operation of the Debtors' businesses and any matters relevant to the cases; (d) take all necessary action to protect the rights and interests of the committee and its constituents including, but not limited to, negotiations and preparation of a plan of reorganization and disclosure statement; (e) represent the committee in connection with the exercise of its powers and duties under the Bankruptcy Code; and (f) perform all other necessary legal services in connection with the Debtors' bankruptcy cases. The firm will be paid as follows: Partners $1,300 - $1,980 per hour Of Counsel $900 - $1,400 per hour Associates $660 - $1,190 per hour Paraprofessionals $235 - $545 per hour Gregg Galardi, Esq., a member of Ropes & Gray, disclosed in court filings that the firm is a disinterested person within the meaning of Bankruptcy Code Section 101(14). In accordance with Appendix B-Guidelines for reviewing fee applications filed by attorneys in larger Chapter 11 cases, Mr. Galardi disclosed that the firm has not agreed to a variation of its standard or customary billing arrangements for its employment with the Debtors, and that no professional at the firm has varied his rate based on the geographic location of the Debtors' bankruptcy cases. Ropes & Gray did not represent the Debtors in the 12 months prepetition, according to the attorney. Mr. Galardi also disclosed that the firm expects to develop a prospective budget and staffing plan to reasonably comply with the U.S. trustee's request for information and additional disclosures. The firm can be reached at: Gregg M. Galardi, Esq. Ropes & Gray LLP 1211 Avenue of the Americas New York, NY 10036-8704 Tel: (212) 596-9000 Fax: (212) 596-9090 Email: gregg.galardi@ropesgray.com About Bouchard Transportation Founded in 1918, Bouchard Transportation Co., Inc.'s first cargo was a shipment of coal. By 1931, Bouchard acquired its first oil barge. Over the past 100 years and five generations later, Bouchard has expanded its fleet, which now consists of 25 barges and 26 tugs of various sizes, capacities and capabilities, with services operating in the United States, Canada and the Caribbean. Bouchard and certain of its affiliates sought Chapter 11 protection (Bankr. S.D. Texas Lead Case No. 20-34682) on Sept. 28, 2020. At the time of the filing, the Debtors had estimated assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million. Judge David R. Jones oversees the cases. The Debtors tapped Kirkland & Ellis LLP, Kirkland & Ellis International LLP and Jackson Walker LLP as their legal counsel; Portage Point Partners, LLC as restructuring advisor; Jefferies LLC as investment banker; and Berkeley Research Group, LLC as financial advisor. Stretto is the claims agent. The U.S. Trustee for Region 7 appointed an official committee of unsecured creditors in the Debtors' cases. Ropes & Gray, LLP and Berkeley Research Group, LLC serve as the committee's legal and financial advisor, respectively. BOY SCOUTS OF AMERICA: Victims Group Wants to End Ch. 11 Control ---------------------------------------------------------------- Law360 reports that a sexual abuse victims committee urged a Delaware bankruptcy judge late Thursday, April 1, 2021, to end the Boy Scouts of America's exclusive Chapter 11 control, saying the Scouts had proposed an unconfirmable plan that falls far short of a committee settlement offer based on a "conservative" $102 billion in abuse claims. Although the Official Committee of Tort Claimants settlement offer was not disclosed, its objection branded as uncertain and "aspirational at best" a Scouts proposal described as offering, in part, $300 million in contributions from Local Councils that have not yet agreed to that amount. About Boy Scouts of America The Boy Scouts of America -- https://www.scouting.org/ -- is a federally chartered non-profit corporation under title 36 of the United States Code. Founded in 1910 and chartered by an act of Congress in 1916, the BSA's mission is to train youth in responsible citizenship, character development, and self-reliance through participation in a wide range of outdoor activities, educational programs, and, at older age levels, career-oriented programs in partnership with community organizations. Its national headquarters is located in Irving, Texas. The Boy Scouts of America and affiliate Delaware BSA, LLC sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-10343) on Feb. 18, 2020, to deal with sexual abuse claims. Boy Scouts of America was estimated to have $1 billion to $10 billion in assets and at least $500 million in liabilities as of the bankruptcy filing. The Debtors have tapped Sidley Austin LLP as their bankruptcy counsel, Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel, and Alvarez & Marsal North America, LLC as financial advisor. Omni Agent Solutions is the claims agent. The U.S. Trustee for Region 3 appointed a tort claimants' committee and an unsecured creditors' committee on March 5, 2020. The tort claimants' committee is represented by Pachulski Stang Ziehl & Jones, LLP while the unsecured creditors' committee is represented by Kramer Levin Naftalis & Frankel, LLP. BRAZOS ELECTRIC: Appointment of Tort Claimants' Committee Sought ---------------------------------------------------------------- Larry Duane Ford, a personal injury claimant, asked the U.S. Bankruptcy Court for the Southern District of Texas to appoint a separate committee that will represent tort claimants in the Chapter 11 case of Brazos Electric Power Cooperative, Inc. In court papers, Shelby Jordan, Esq., the claimant's attorney, said the task of a separate committee is "vital to the due process rights of the tort claimants inasmuch as the current committee can be hopelessly deadlocked in tie votes pitting the general unsecured creditors against the interest of the tort claimants." The official committee of unsecured creditors appointed in Brazos' bankruptcy case is currently composed of four members, two of which are tort claimants. "An additional tort claimants' committee will assure that the largest class of claims will be fairly and properly represented, free from the burdens of veto power of two votes of a four-person committee," Mr. Jordan said. "Although the current committee may be adequate to function, it does not function adequately to assure due process to protect the interests of potentially the largest class of creditors," the attorney further said. Mr. Ford filed a personal injury claim on behalf of his father who died as a result of the electric cooperative's alleged negligence. The claimant can be reached through: Shelby A. Jordan, Esq. Jordan, Holzer & Ortiz, P.C. 500 N. Shoreline Dr., Suite 900 Corpus Christi, TX 78401 Tel: (361) 884-5678 Fax: (361) 888-5555 Email: sjordan@jhwclaw.com About Brazos Electric Brazos Electric Power Cooperative Inc. is a 3,994-megawatt transmission and generation cooperative which members' service territory covers 68 counties from the Texas Panhandle to Houston. It was organized in 1941 and the first cooperative formed in the Lone Star state with the primary intent of generating and supplying electrical power. At present, Brazos Electric is the largest generation and transmission cooperative in the state and is the wholesale power supplier for its 16 member-owner distribution cooperatives and one municipal system. Brazos Electric filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 21-30725) on March 1, 2021. At the time of the filing, the Debtor disclosed assets of between $1 billion and $10 billion and liabilities of the same range. Judge David R. Jones oversees the case. Brazos Electric hired Norton Rose Fulbright and Dallas partner Louis Strubeck, to lead its restructuring effort. Lawyers say that Foley & Lardner LLP bankruptcy partner Holland O'Neil is also advising Brazos Electric. Stretto is the claims and noticing agent. The U.S. Trustee for Region 7 appointed an official committee of unsecured creditors in the Debtor's case on March 15, 2021. The committee is represented by the law firms of Porter Hedges, LLP and Kramer, Levin, Naftalis & Frankel, LLP. BUENA VISTA: Moody's Hikes CFR to Caa1 & Alters Outlook to Stable ----------------------------------------------------------------- Moody's Investors Service upgraded Buena Vista Gaming Authority's Corporate Family Rating to Caa1 from Caa3, Probability of Default Rating to Caa1-PD from Caa3-PD, and 13% senior secured notes due April 2023 to Caa1 from Caa3. The outlook was changed to stable from negative. Buena Vista, an unincorporated governmental instrumentality of the Buena Vista Rancheria of Me-Wuk Indians ("Tribe), was created in 2009. Buena Vista owns Harrah's NorCal, a Class III gaming facility that originally opened in April 2019 near Ione, California, about 45 miles southeast of Sacramento, California. Harrah's NorCal Casino is operated under a consulting agreement with Caesars Entertainment, Inc. Harrah's NorCal temporarily closed on March 18, 2020 due to coronavirus concerns. Operations were reinstated on June 1, 2020. The upgrade considers Buena Vista's EBITDA performance since Harrah's NorCal re-opened last June. EBITDA for the quarter ended Sep. 30, 2020 more than doubled from the comparable prior year period and was about 40% higher than what Moody's initially projected the quarter would be. This, along with the expectation that Buena Vista's EBITDA improvements will continue, and for fiscal 2021 will generate between $10 million and $15 million positive free cash flow after cash interest, required debt amortization, capital expenditures and cash distributions to the Tribe, alleviates Moody's concern regarding Buena Vista's ability to meet its $13 million semiannual interest payment as well as subsequent scheduled debt service payments. Buena Vista's debt/EBITDA for the 12-month period ended 30-Sep-2020, which included the period of closure, was extremely high at about 20x. However, Based on an annual run-rate of the most recent quarter ended December 2020, Moody's estimates EBITDA for the 2021 fiscal year will be between $50 and $55 million, bringing debt/EBITDA to between 6.5x and 7.5x, much lower than LTM leverage, albeit still considered very high for a small, single asset gaming issuer. The stable outlook reflects Moody's expectation that Buena Vista will maintain good liquidity to manage in the uncertain operating environment that is likely to persist over the next year. The company's good liquidity is characterized by positive free cash flow and an unrestricted cash balance of about $20 million. The stable outlook also considers that there are no financial maintenance covenants, and Moody's assumes that there will be a gradual easing of social distancing requirements that will result in increased visitation. The following ratings/assessments are affected by the action: Ratings Upgraded: Issuer: Buena Vista Gaming Authority Corporate Family Rating, Upgraded to Caa1 from Caa3 Probability of Default Rating, Upgraded to Caa1-PD from Caa3-PD Senior Secured Global Notes, Upgraded to Caa1 (LGD4) from Caa3 (LGD4) Outlook Actions: Issuer: Buena Vista Gaming Authority Outlook, Changed To Stable From Negative RATINGS RATIONALE Buena Vista's Caa1 CFR considers its single asset profile and small revenue base, competition from several large casinos operating in the company's primary market area, and high leverage. Another concern is that Buena Vista's revenue and earnings are also dependent on cyclical discretionary consumer spending, and there is uncertainty regarding the sustainability of the current earnings level when a broader range of competitive leisure activities reopen. Also considered are the risks common to Native American gaming issuers, including uncertainty as to enforceability of lender's claims in bankruptcy or liquidation, and the regular payment of cash distributions from Buena Vista to the Tribe, which can be made even in the event of default. Positive consideration is given to Harrah's NorCal's close proximity to Sacramento, CA along with that market's favorable demographics, and the favorable benefits from the company's affiliation with Caesars. Harrah's NorCal Casino participates in Caesars highly popular and valuable Total Rewards loyalty program and database of potential customers. The coronavirus outbreak, the government measures put in place to contain it, and the weak global economic outlook continue to disrupt economies and credit markets across sectors and regions. Moody's analysis has considered the effect on the performance of Buena Vista from the current weak US economic activity and a gradual recovery for the coming year. Although an economic recovery is underway, it is tenuous, and its continuation will be closely tied to containment of the virus. As a result, the degree of uncertainty around Moody's forecasts is unusually high. Moody's regards the coronavirus outbreak as a social risk under its ESG framework, given the substantial implications for public health and safety. The gaming sector has been one of the sectors most significantly affected by the shock given its sensitivity to consumer demand and sentiment. More specifically, the weaknesses in Buena Vista's credit profile, including its exposure to travel disruptions, facility closures and discretionary consumer spending have left it vulnerable to shifts in market sentiment in these unprecedented operating conditions and Buena Vista vulnerable to the outbreak continuing to spread. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS A higher rating requires that Buena Vista lower its overall cost of debt capital, extend its debt maturity profile, obtain a committed source of external liquidity such as a revolving line of credit, as well as reduce and maintain its debt/EBITDA below 5.0x. Ratings could be downgraded if the company does not proactively address the April 2023 maturity of its 13% senior secured notes or if earnings and liquidity decline for any reason. The principal methodology used in these ratings was Gaming Methodology published in October 2020. Buena Vista is an unincorporated governmental instrumentality of the Buena Vista Rancheria of Me-Wuk Indians, a federally recognized Tribe. The Authority was created by tribal law on July 15, 2009, to own, develop and operate the gaming and related businesses of the Tribe. The Authority owns the Harrah's NorCal, a Class III gaming facility that originally opened in April 2019 near Ione, California in Amador County, about 45 miles southeast of Sacramento, California. Net revenue for the latest 12-months ended Sep. 30, 2021 was $80 million. CELTIC CONSTRUCTION: Seeks to Hire Jonathan Blakely as Counsel -------------------------------------------------------------- Celtic Construction, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Ohio to employ Jonathan Blakely, Esq., an attorney practicing in Middlefield, Ohio, to handle its Chapter 11 case. Mr. Blakely will render these legal services: (a) advise the Debtor regarding its rights, powers and duties in its bankruptcy case; (b) assist the Debtor in the preparation of bankruptcy schedules and statement of financial affairs; (c) assist the Debtor in connection with the administration of its case; (d) analyze the claims of creditors and negotiate with such creditors; (e) investigate the acts, conduct, assets, rights, liabilities and financial condition of the Debtor and its business; (f) advise and negotiate with respect to the sale of the Debtor's assets; (g) investigate, file and prosecute litigation on behalf of the Debtor; (h) propose a plan of reorganization; (i) appear and represent the Debtor at hearings, conferences and other proceedings; (j) prepare or review motions, applications, orders; and (l) perform other legal services necessary to administer the case. Mr. Blakely will be billed at his hourly rate of $200, plus reimbursement for out-of-pocket expenses incurred. The attorney received a retainer of $5,000 from the Debtor on March 15. Mr. Blakely disclosed in a court filing that he is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The attorney can be reached at: Jonathan P. Blakely, Esq. P.O. Box 217 Middlefield, OH 44062 Telephone: (440) 339-1201 Facsimile: (440) 632-9091 Email: jblakelylaw@windstream.net About Celtic Construction Celtic Construction, LLC filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ohio Case No. 21-11075) on March 29, 2021, listing under $1 million in both assets and liabilities. Sean Whalen, president, signed the petition. Judge Jessica E. Price Smith oversees the case. Jonathan P. Blakely, Esq., serves as the Debtor's legal counsel. CEM III LLC: May 19 Equity Interest Public Sale Set --------------------------------------------------- Keen-Summit Capital Partners LLC will hold a public sale of equity interests in CEM III LLC, Speyside Holdings LLC, and Speyside Holdsings II LLC. The deadline to submit offers is May 19, 2021, at 5:00 p.m. (ET), followed by an auction on May 26, 2021, at 11:00 a.m. (EST). Quarry Highlights: a) 196.70 Acre Operating Aggregate Quarry b) Supplies ready-mix, general construction and asphalt customers with products including: -- ASTM No. 57, -- NYSDOT #1A (1/4"), -- NYSDOT #1 (3/8"), -- NYSDOT 304.02 (Item No. 4 / subbase), -- Manufactured Sand; c) NYSDOT (Source No. 8-51R, 8-51FM) approved products for use in severe exposure conditions, including concrete wear surface, asphalt pavements, and exposed structural concrete; d) Currently contractor mobile plant crush & screen, with idle owner fixed plant (installed 2018); e) Average over 500,000 tons of sales annually; expandable to circa 1 million tons f) Potential resources exceed 43 million tons of which 15 million tons are permitted or progressed in permitting. Keen-Summit Capital can be reached at Keen-Summit Capital Partners LLC 1700 Lincoln Street, Suite 2150 Denver, CO 80203 Harold Bordwin Tel: (646) 381-9201 Matthew Bordwin Tel: (646) 381-9202 Jennifer Meyerowitz Tel: (404) 445-8294 Chris Mahoney Tel: (646) 381-9205 Heather Milazzo Tel: (646) 381-9207 CEM III LLC owns the Highland Mills Quarry located in Highland Mills, NY is a 196.70-acre aggregate quarry, which is a producer of industrial aggregates - primarily coarse and fine aggregate products. CENTURY TOWNHOMES: Unsecureds to Recover 0% to 30% in Joint Plan ---------------------------------------------------------------- Debtor The Century Townhomes Association, and jointly with Pennsylvania American Water ("PA American" and collectively with the Debtor, the "Plan Proponents") filed the Disclosure Statement in support of the Joint Chapter 11 Plan of Reorganization Dated April 1, 2021. The Joint Plan proposes that the Debtor will commit to separation of the water lines and a sale of substantially all of its assets, the proceeds of which will be used to fund the Joint Plan. The Joint Plan provides that the Debtor will institute Foreclosures against the Lien Properties within 6 months of the date of the Effective Date, after which the Reorganized Debtor will sell its ownership rights in all Lien Units in one or more public Sales. The proceeds of the Sale(s) shall be paid to Administrative Claims and General Unsecured Creditors pursuant to the terms set forth in the Joint Plan. On the Effective Date, the Debtor will cease operating as the HOA for the Townhomes, and the leadership of the Debtor will form the Reorganized Debtor. The Reorganized Debtor will become the entity charged with delegating and overseeing payment of future water and sewage bills and choosing an entity for oversight and implementation of the water line separation. The Reorganized Debtor will consist of the same leadership, and such leadership will seek to include in all decisions, all residents of the Townhomes. The Reorganized Debtor will be remained the CTH Community Association. The Reorganized Debtor will create and adopt new By-laws (the "Amended By-laws") within 90 days of the Effective Date, consistent with the provisions and Pennsylvania law. The Reorganized Debtor will adopt, as it deems necessary: (i) a bill of rights for tenants living within the Townhomes; (ii) a bill of rights for individual homeowners living within the Townhomes; and (iii) a set of standards for landlords/property owners in the Townhomes. The Reorganized Debtor shall retain the authority to enforce any adopted policies in compliance with Pennsylvania's Planned Community Act. Class 1 consists of Priority Tax Claims. The IRS has asserted a claim subject to priority under 11 U.S.C. §507(a)(8) in the amount of $300. Priority Tax Claims will be paid in full within thirty (30) days of Confirmation. Class 2 consists of Priority Non-Tax Claims. The Municipal Authority has asserted a Priority Non-Tax Claim. Within 30 days of Confirmation, the Debtor will file an Objection to the Municipal Authority Claim, to the extent that the Municipal Authority asserts a Priority Non-Tax Claims. The Debtor asserts it has no Priority Non-Tax Claims. To the extent the Municipal Authority is deemed to have a Priority Non-Tax Claim, such Claim shall be paid in full upon any Sale. Class 3 consists of General Unsecured Claims. As of the Petition Date, the aggregate amount of General Unsecured Claims owed by the Debtor is approximately $578,000. Allowed General Unsecured Claims shall be paid Pro Rata upon the closing of any Sale(s). 0% (if the Municipal Authority has a Priority Non-Tax Claim)-up to 30% (if the Municipal Authority has no Priority Non-Tax Claim and after payment of Administrative Claims). The Plan Proponents believe that they will be able to satisfy all obligations under the Joint Plan that must be satisfied. Specifically, the Plan Proponents anticipate that the Foreclosures will be simple, since most of the Lien Properties are abandoned. The Plan Proponents also believe that Allegheny County, the Clairton City School District, the City of Clairton, and any other potential lien creditors will consent to the Foreclosure and payment of Sale proceeds to the Debtor's Claimants pursuant to the Joint Plan. The Plan Proponents also believe that a Sale will yield funds sufficient to make a distribution to General Unsecured Creditors. During the Debtor has had numerous discussions with various potential buyers regarding a Sale. Two such parties are interested in being both the Purchaser and overseeing water line separation at the Townhomes. In order to ensure the best outcome from creditors, the Sale will subject to bidding, pursuant to Section 363 of the Bankruptcy Code. A full-text copy of the Disclosure Statement dated April 1, 2021, is available at https://bit.ly/3uBlzd9 from PacerMonitor.com at no charge. Counsel to the Debtor: Kathryn L. Harrison, Esq. CAMPBELL & LEVINE, LLC 310 Grant Street, Suite 1700 Pittsburgh, Pennsylvania 15219 Tel: 412-261-0310 Fax: 412-261-5066 kharrison@camlev.com Attorney for PAW: Kirk B. Burkley, Esq. BERNSTEIN-BURKLEY, P.C. Suite 2200, 707 Grant Street Pittsburgh, PA 15219 Tel: (412)456-8108 Fax: (412) 456-8135 kburkley@bernsteinlaw.com About Century Townhomes Association Century Townhomes Association is a Pennsylvania non-profit corporation that operates a homeowners association for residential townhomes located in Clairton, Pennsylvania, known as Century Townhomes. Century Townhomes was a project of Action Housing, Inc., designed to provide affordable housing in the City of Clairton. The development consists of over 425 residential townhomes, owned by individual homeowners, landlords who rent units to leaseholders, and a non-profit organization that provides housing to individuals with disabilities in its units. Century Townhomes Association sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 18-21925) on May 10, 2018. In the petition signed by Eric Hatchett, president, the Debtor was estimated to have assets of less than $100,000 and liabilities of less than $500,000. Judge Jeffery A. Deller is the presiding judge. The Debtor hired Campbell & Levine, LLC, as its legal counsel. No official committee of unsecured creditors has been appointed in the Chapter 11 case. COLLECTED GROUP: Case Summary & 30 Largest Unsecured Creditors -------------------------------------------------------------- Lead Debtor: The Collected Group, LLC 4775 Eucalyptus Avenue Chino California, 91710 Business Description: Founded in 2001, The Collected Group, LLC is a designer, distributor, and retailer of three contemporary, consumer-inspired, apparel lifestyle brands: Joie, Equipment, and Current/Elliott. TCG, the ultimate parent company, wholly owns Debtors RBR, LLC and The Collected Group Company, LLC. RBR wholly owns non-debtor The Collected Group Holdings Manager, LLC, which, in turn, wholly owns non-debtor The Collected Group Holdings, LLC. Chapter 11 Petition Date: April 5, 2021 Court: United States Bankruptcy Court District of Delaware Five affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- The Collected Group, LLC (Lead Debtor) 21-10663 The Collected Group Company, LLC 21-10664 The Collected Group Exports, Inc. 21-10665 The Collected Group Retail, LLC 21-10666 RBR, LLC 21-10667 Judge: Hon. Laurie Selber Silverstein Debtors' Chapter 11 Co-Counsel: Pauline K. Morgan, Esq. Andrew L. Magaziner, Esq. Joseph M. Mulvihill, Esq. YOUNG CONAWAY STARGATT & TAYLOR, LLP Rodney Square 1000 North King Street Wilmington, Delaware 19801 Tel: (302) 571-6600 Fax: (302) 571-1253 Email: pmorgan@ycst.com amagaziner@ycst.com jmulvihill@ycst.com Debtors' Chapter 11 Co-Counsel: Brian S. Hermann, Esq. John Weber, Esq. Brian Bolin, Esq. PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP 1285 Avenue of the Americas New York, New York 10019 Tel: (212) 373-3000 Fax: (212) 757-3990 Email: bhermann@paulweiss.com jweber@paulweiss.com bbolin@paulweiss.com Debtors' Claims, Noticing, & Solicitation Agent: EPIQ CORPORATE RESTRUCTURING LLC Debtors' Investment Banker: STIFEL, NICOLAUS & CO. AND ITS AFFILIATE MILLER BUCKFIRE & CO. Debtors' Financial Advisor: BERKELEY RESEARCH GROUP, LLC Estimated Assets (on a consolidated basis): $50 million to $100 million Estimated Liabilities (on a consolidated basis): $100 million to $500 million The petitions were signed by Evan Hengel, chief restructuring officer. A copy of The Collected Group, LLC's petition is available for free at PacerMonitor.com at: https://www.pacermonitor.com/view/TE4GMGA/The_Collected_Group_Company_LLC__debke-21-10664__0001.0.pdf?mcid=tGE4TAMA Consolidated List of Debtors' 30 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount ------ --------------- ------------ 1. RXR SL Owner LLC Lease $2,459,519 The Starrett-Lehigh Building Obligations 601 West 26th St., Suite M265 New York, NY 10001 Contact: Denise Rodriguez Tel: 212-924-3880 Email: denise.rodriguez@rxrrealty.com 2. 421W14 Lessee, LP Lease $2,048,039 c/o Rockpoint Group Obligations 500 Boylston Street, Suite 1880 Boston, MA 02116 Contact: Mr. Paisley Boney Tel: 212-242-5267 Email: ramrmt@aol.com; imacnab@rockpointgroup.com 3. Century City Mall LLC Lease $1,904,292 2049 Century Park East, Obligations 41st Floor Attn: Legal Department Los Angeles, CA 90067 Contact: Virginia Bergmanloo Tel: 310-478-4456 Email: alastair.boucaut@urw.com; virginia.bergmanloo@urw.com 4. Dayu Garments Company Limited Trade Claim $1,446,047 22/F, Citic Telecom Tower 93 Kwai Fuk Rd Kwai Chung, NT Hong Kong Contact: Summy Tang Tel: (852) 2615-5118 Email: summytang@highfashion.com.hk 5. Jointex Garment Manufactory Ltd Trade Claim $1,344,055 Flat C, 13/F , Wing Chai Industrial Bldg 27-29 NG Fong Street San Po Kong Kowloon Hong Kong Contact: Andrew Cheung Tel: (852) 2323 0636 Email: andrew.cheung@speedy-gmt.com.hk 6. 108-114 Wooster Street Lease $913,333 Corporation Obligations c/o Andrews Building Corporation 666 Broadway, 12th Floor Attn: Property Manager - 108 Wooster Street New York, NY 10012 Contact: Property Manager Tel: 212-753-2329 Ext 322 Email: jdonovan@solstice.us.com; samh@tudorrealty.com 7. High Fashion Garments Trade Claim $903,415 International Company Limited 22/F, Citic Telecom Tower 93 Kwai FUK Rd Kwai Chung, NT Hong Kong Contact: Summy Tang Tel: (852) 2615-4224 Fax: (852) 2614-5487 Email: summytang@highfashion.com.hk 8. WFP Retail Company, L.P. Lease $889,453 c/o Brookfield Financial Obligations Properties, L.P. 250 Vesey Street, 15th Floor Attention: General Counsel New York, NY 10281-1023 Contact: Jason Maurer Tel: 212-417-7000 Email: jason.maurer@brookfieldproperties.com 9. Alan Tan Lease $838,845 of the Alan and Jenny Tan Obligations Family Trust c/o Michael Hall MC Hall & Associates PC 605 Market Street, Suite 900 San Francisco, CA 94015 Contact: Michael Hall Tel: 415-512-9865 Email: actpropertymgmt@gmail.com 10. China Ting Fashion Group Trade Claim $748,000 (USA) LLC 525 7th Avenue, Suite 1606 New York, NY 10018 Contact: Peter T. Cheung, Executive Director Tel: (852) 2273-7979 Fax: (852) 2790-6802 Email: peter@conceptcreator.com.hk 11. Santa Fe Building 5251, LLC Lease $624,611 c/o Wesley Hurst, Alyssa Engstrom Obligations Polsinelli LLP 2049 Century Park East, Suite 2900 Los Angeles, CA 90067 Contact: Chief Financial Officer Tel: 213-905-8050 Email: rebecca@651management.com; aengstrom@polsinelli.com 12. Alliance Trade Claim $606,513 95 River Street, Suite 402 Hoboken, NJ 07030 Contact: Harmeet Singh Tel: 212-560-9188 Email: harmeet@alliancem.com 13. Tysons Galleria LLC Lease $578,714 2001 International Drive Obligations Attention: General Manager McLean, VA 22102 Contact: Joseph Hope Tel: 212-417-700 Email: joseph.hope@brookfieldpropertiesretail.com; stephanie.fox@brookfieldpropertiesretail.com 14. River Oaks District, LP Lease $555,375 c/o Tenant Lease File, Obligations River Oaks Dist Management Office 4444 Westheimer Rd Houston, TX 77027 Contact: Chief Financial Officer Tel: 419-466-1671 Email: csmith@rothschilddownes.com 15. Fashion Valley Mall, LLC Lease $528,473 c/o M.S. Management Associates, Inc. Obligations 225 West Washington Street Indianapolis, IN 46204-3438 Contact: Chief Financial Officer Tel: 317-636-1600 Email: teads@simon.com; jsteen@simon.com 16. Merrick Park Lease $522,017 c/o Village of Merrick Park Obligations 358 Avenue of San Lorenzo Ave. Attention: General Manager Coral Gables, FL 33146 Contact: Andrew Peach Tel: 212-417-7000 Email: britton.burridge@brookfieldpropertiesretail.com; eric.wilson@generalgrowth.com; andrews.peach@brookfieldpropertiesretail.com 17. Lloyd Industries, Inc. Trade Claim $496,423 17588 Rowland St A246 City of Industry, CA 91748 Contact: Sean Gu Tel: 215-412-4445 Email: seangu@lloydind.com 18. OMB Buckhead Lender LLC Trade Claim $481,006 733 8th Avenue San Diego, CA 92101 Contact: Bradley Tisdahl & Jane Mattio Tel: 619-321-1111 Email: btisdahl@tra-llc.com; jmattio@tra-llc.com; elizabeth@caiolarose.com 19. Xiang Jun Shoes Co. Ltd. Trade Claim $474,000 No. 2 Bian Kang Xi Road Xia Bian Industry District Hou Jie Town Dong Guan 523956 China Contact: Chief Financial Officer 20. King of Prussia Associates Lease $454,654 c/o Kravco Simon Company Obligations 225 West Washington Street Indianapolis, IN 46204-3438 Contact: Chief Financial Officer Tel: 317-636-1600 Email: teads@simon.com; roger.vanderklok@simon.com 21. Spring River Fulin Knitting Trade Claim $454,457 (HI) Ltd. Flat 08-09, 5/F Corp Park 11, On Lai Street Shatin Hong Kong Contact: Vincent Kong Tel: 852-2312-2018 Email: sr-vincent@shindai.cn 22. Carmelo Mioli Trade Claim $419,560 c/o Alfred Bruno Berchem Moses PC 1221 Post Road East Westport, CT 06880 Contact: Chief Financial Officer Tel: 203-227-9545 Fax: 203-226-1641 Email: abruno@berchemmoses.com 23. Well Faith Enterprises Ltd. Trade Claim $417,501 19/F, Perfect Industrial Building 31 Tai Yau Street Sa Po Kong Hong Kong Contact: Summy Tang Tel: (852) 2615-5188 Email: summytang@highfashion.com.hk 24. Visionet Systems Inc. Trade Claim $379,863 4 Cedarbrook Drive Cranbury, NJ 08512 Contact: Adeel Ehsan Tel: 609-452-0700 Email: aehsan@visionet.com 25. Westlake Promenade, LLC Lease $368,583 c/o Caruso Affiliated Obligations 101 The Grove Drive Los Angeles, CA 90036 Contact: Chief Financial Officer Tel: 323-900-8137 Email: kgreenberg@caruso.com 26. Knit Insights Limited Trade Claim $357,805 Block K, 5/F, Chiu Tat Building 708-410 Prince Edward Road E San Po Kong, Kowloon Hong Kong Contact: Sebastian Maes Tel: 852-2786-3293 Email: sebastien.maes@maestro-knitting.com 27. Desert Hills Premium Outlets Trade Claim $354,829 Assignee of Its Affltd Landlord Entities c/o Hoover Hull Turner LLP 111 Monument Cir, 4400 PO Box 44989 Indianapolis, IN 46204 Contact: John David Hoover Tel: 317-822-4400 Fax: 317-822-0234 Email: jdhoover@hooverhullturner.com 28. Hangzhou HS Fashion Trade Claim $331,881 International Ltd. 255 W Foothill Blvd, Ste 205 Upland, CA 91786 Contact: Michael Situ Tel: (86 571) 86543210 Fax: (86 571) 69785612 Email: michael.situ@hsfashion.cn 29. Silvereed (Hong Kong) Limited Trade Claim $326,186 4/F, Hong Kong Spinners Indl Bldg Phase I & II No. 800 Cheung Sha Wan Road Kowloon Hong Kong Contact: Richard Loh Tel: (852) 3921-1906 Email: richardloh@lfcredit.com.sg 30. The King Garment Limited Trade Claim $307,824 11/F High Fashion Centre 1-11 Kwai Hei Street Kwai Tsing Kwai Chung Hong Kong Contact: Summy Tang Tel: (852) 2615-5188 Email: summytang@highfashion.com.hk COMANCHE XPRESS: Seeks to Tap Joyce W. Lindauer as Legal Counsel ---------------------------------------------------------------- Comanche Xpress, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to employ Joyce W. Lindauer Attorney, PLLC as its legal counsel. The Debtor requires legal assistance to effectuate a reorganization, propose a plan of reorganization and effectively move forward in its bankruptcy proceeding. The hourly billing rates of the firm's counsel and staff are as follows: Joyce W. Lindauer $450 Kerry S. Alleyne $300 Guy H. Holman $250 Dian Gwinnup $125 Paralegals and legal assistants $65 - $125 In addition, the firm will seek reimbursement for out-of-pocket expenses incurred. The firm received a retainer of $8,500 from the Debtor. Joyce Lindauer, Esq., the owner of the law practice Joyce W. Lindauer Attorney, and contract attorneys Kerry Alleyne, Esq., and Guy Holman, Esq., disclosed in court filings that the firm is a "disinterested person" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Joyce W. Lindauer, Esq. Kerry S. Alleyne, Esq. Guy H. Holman, Esq. Joyce W. Lindauer Attorney, PLLC 1412 Main Street, Suite 500 Dallas, TX 75202 Telephone: (972) 503-4033 Facsimile: (972) 503-4034 Email: joyce@joycelindauer.com About Comanche Xpress Comanche Xpress, LLC filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Texas Case No. 20-11382) on Dec. 31, 2020. Judge Tony M. Davis oversees the case. Joyce W. Lindauer Attorney, PLLC serves as the Debtor's counsel. COULEE HILL: Seeks Approval to Hire Ed Satterfield as Accountant ---------------------------------------------------------------- Coulee Hill Ranch, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Montana to employ Ed Satterfield, an accountant at HRB Tax Group Inc. The Debtor needs the assistance of an accountant to prepare its income tax returns and to consult on income tax matters. Mr. Satterfield will be billed at $50 per hour for bookkeeping, plus reimbursement for out-of-pocket expenses incurred. The preparation of tax returns will be billed on a flat fee basis of $700 per tax return. Mr. Satterfield disclosed in court filings that he and the firm are "disinterested persons" as that term is defined in Section 101(14) of the Bankruptcy Code. The accountant can be reached at: Ed Satterfield HRB Tax Group Inc. One H and R Block Way Kansas City, MO 64105 Telephone: (816) 854-5500 About Coulee Hill Ranch Coulee Hill Ranch, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Mont. Case No. 21-10010) on Feb. 3, 2021. Anthony L. Zinne, vice president, signed the petition. At the time of the filing, the Debtor disclosed assets and liabilities of $1 million to $10 million. Judge Benjamin P. Hursh oversees the case. The Debtor tapped Patten Peterman Bekkedahl and Green, PLLC as legal counsel and Ed Satterfield as accountant. CROXTON 2 LLC: Melody to Auction Collateral on April 21 ------------------------------------------------------- Melody Business Finance LLC, acting in its capacity as collateral agent for the benefit of lenders, will offer for sale, at public auction, all member and other equity interests in and to Croxton 2 LLC and Three-Hundredth Street LLC, which entities solely own real property located at 142 Crestview Drive, Sagaponack, New York, and at 22 East 67th Street, New York, New York, respectively, in accordance with the applicable provision of the Uniform Commercial Code. The properties Croxton and Three-Hundredth own are subject to mortgages given to Croxton and Three-Hundredth to the secured party, and the collateral will be sold subject to those mortgages. The public auction will be held on April 13, 2021, at 10:00 p.m. (EST), by remote auction via Cisco WebEx Remote Meeting, meeting link: https://bit.ly/MELODYUCC, to the highest qualified bidder. The sale will be conducted by Matthew D. Mannion of Mannion Auctions LLC. Interested parties who do not contact the Newmark UCC foreclosure team before the sale will not be permitted to enter a bid. Brock Cannon at Newmark 125 Park Avenue, 6th Floor New York, New York 10017 Tel: (646) 315-4785 E-mail: brock.cannon@ngkf.com Croxton 2 LLC was established on May 2, 2013, as a foreign limited liability company type registered at 28 Liberty St. New York. CYPRUS MINES: Asks Court to Deny Bid to Reconstitute Tort Committee ------------------------------------------------------------------- Cyprus Mines Corporation asked the U.S. Bankruptcy Court for the District of Delaware to deny the motion filed by a group of personal injury claimants to reconstitute the official committee of tort claimants appointed in its Chapter 11 case. Cyprus Mines' attorney, Kurt Gwynne, Esq., at Reed Smith LLP, refuted the group's claim that most members of the tort claimants' committee suffer from a conflict of interest since they had served on the ad hoc committee that was formed to help implement a pre-bankruptcy settlement on which the company's Chapter 11 plan is based. "None of the committee members overlaps with the members of the prepetition ad hoc committee," Mr. Gwynne said. "Because none of the committee members served on the prepetition ad hoc committee, the committee members do not suffer from any conflict of interest." Mr. Gwynne also argued that the group's legal counsel, Kazan, McClain, Satterley & Greenwood, PLC, is not fit to represent any claimant appointed to the committee due to the firm's lack of respect for the confidentiality provisions in its settlement agreements with its clients and the company. "The Kazan firm's breach of its confidentiality obligations raises serious concerns about its ability to receive and protect sensitive information and to abide by the fiduciary obligations of a member of a creditors committee," Mr. Gwynne, adding that the company is now contemplating whether to file legal action or not against the firm for damages. "As a result of the confidentiality breaches, the Kazan firm now has a personal adverse interest against [Cyprus Mines'] estate," the attorney said. The tort claimants' committee and the U.S. Trustee for Region 3 who oversees Cyprus Mines' Chapter 11 case also criticized the group's bid to reconstitute the committee. Both echoed the company's argument, saying that the group failed to prove that there is inadequate representation because of an alleged conflict of interest. About Cyprus Mines Corp. Cyprus Mines Corporation is a Delaware corporation and a wholly-owned subsidiary of Cyprus Amax Minerals Co., which is an indirect subsidiary of Freeport-McMoRan Inc. It currently has relatively limited business operations, which include the ownership of various parcels of real property, certain royalty interests that generate de minimis revenue (e.g., less than $1,500 in each of the past two calendar years), and the ownership of an operating subsidiary that conducts marketing activities. Cyprus Mines is a predecessor in interest of Imerys Talc America, Inc. In June 1992, Cyprus Mines sold its talc-related assets to RTZ America Inc. (later known as Rio Tinto America, Inc.) through a two-step process. First, Cyprus Mines transferred its talc-related assets and liabilities (subject to minor exceptions) to Cyprus Talc Corporation, a newly formed subsidiary of Cyprus Mines, pursuant to an Agreement of Transfer and Assumption, dated June 5, 1992. Second, Cyprus Mines sold the stock of Cyprus Talc Corporation to RTZ pursuant to a Stock Purchase Agreement, also dated June 5, 1992 (as amended, the "1992 SPA"). The purchase price was approximately $79.5 million. Cyprus Talc Corporation was later renamed Imerys Talc America, Inc. By virtue of the 1992 ATA, the entity now named Imerys expressly and broadly assumed the talc liabilities of Cyprus Mines and its former subsidiaries that were in the talc business. Cyprus Mines filed for Chapter 11 bankruptcy protection (Bankr. D. Del. Case No. 21-10398) on Feb. 11, 2021, listing between $10 million and $50 million in assets, and between $1 million and $10 million in liabilities. The Hon. Laurie Selber Silverstein is the case judge. The Debtor tapped Reed Smith LLP, led by Kurt F. Gwynne, Esq., as bankruptcy counsel; Kasowitz Benson Torres, LLP as special conflicts counsel; and Prime Clerk LLC as claims agent. James L. Patton, Jr. was appointed as the future claimants' representative in the Debtor's Chapter 11 case. The FCR tapped Young Conaway Stargatt & Taylor, LLP as his bankruptcy counsel and Gilbert, LLP as his special insurance counsel. The U.S. Trustee for Regions 3 and 9 appointed an official committee of tort claimants on March 4, 2021. The committee is represented by Campbell & Levine, LLC and Caplin & Drysdale, Chartered. DAYCO PRODUCTS: Moody's Hikes CFR to Caa1, Outlook Positive ----------------------------------------------------------- Moody's Investors Service upgraded Dayco Products, LLC's corporate family rating to Caa1 from Caa2, its probability of default rating to Caa1-PD from Caa2-PD and the senior secured term loan rating to Caa1 from Caa2. The outlook is positive. The upgrade reflects Moody's expectation that improving end-market conditions, combined with sustainable operational efficiencies, will drive Dayco's financial leverage toward the mid-6x debt/EBITDA range by the end of its current fiscal year ending February 2022. In addition, Moody's anticipates Dayco to maintain adequate liquidity primarily supported by cash remaining in excess of $100 million. Dayco's improved liquidity and trajectory for deleveraging better position the company to address its near-term refinancing risks, specifically the company's secured term loan coming due in May 2023. Upgrades: Issuer: Dayco Products, LLC Corporate Family Rating, Upgraded to Caa1 from Caa2 Probability of Default Rating, Upgraded to Caa1-PD from Caa2-PD Gtd Senior Secured Bank Credit Facility, Upgraded to Caa1 (LGD3) from Caa2 (LGD3) Outlook Actions: Issuer: Dayco Products, LLC Outlook, Changed To Positive From Negative RATINGS RATIONALE Dayco's ratings reflect the company's elevated financial leverage, modest scale relative to global competitors in its end markets, and refinancing risk with upcoming debt maturities. Following operational headwinds as a result of the coronavirus, Moody's expects Dayco's debt/EBITDA to be about 7.5x for the company's fiscal year, which ended February 2021. This leverage level remains high, although is improved from more unsustainable levels above 9x during the past twelve months. Moody's anticipates further deleveraging will occur to bring debt/EBITDA to around 6.5x by the end of February 2022. Higher earnings from recovering automotive demand and cost savings from consolidation in the company's manufacturing footprint should support the improvement in financial leverage to more sustainable levels as the company addresses its near-term debt maturities. Dayco maintains a good market position with a suite of engine and drivetrain products, including belts, tensioners and dampers, for top automotive manufacturers and aftermarket retailers. The company's aftermarket business, which represents about 40% of total revenue, provides a more stable demand base. In recent years, Dayco faced competitive pressures in this segment, which resulted in annual revenue declines and margin compression. Dayco demonstrated improving margins and resilient demand in the aftermarket segment over the course of 2020 through a focus on developing product kits, and Moody's expects this improvement to continue through 2021. Moody's expects Dayco to maintain adequate liquidity. The company's liquidity is primarily supported by its cash position, which Moody's expects will remain in excess of $100 million over the next twelve months. Dayco generated strong free cash flow during its fiscal year ending February 2021 from meaningful working capital and capex reductions. Moody's anticipates these trends to reverse during Dayco's current fiscal year and expects free cash flow will be slightly negative to breakeven. Dayco's increased cash position also reflects high borrowing under the company's $100 million asset-based (ABL) credit facilities. Availability under the facilities, which are set to expire in 2022, is expected to remain very limited, although borrowing capacity should increase as collateral levels recover. As an automotive supplier for both new vehicle production and aftermarket use, Dayco is exposed to material environmental risks arising from increasing regulations on carbon emissions. Dayco's products are heavily involved in the engines and drive systems of vehicles with a focus on improving fuel efficiency for internal combustion vehicles and providing quiet power transfer solutions for hybrid electric vehicles. Dayco will need to continue to develop products to meet the emission requirements for new electrified vehicles with its customers while also maintaining its existing product base for its sizable aftermarket exposure. The positive outlook reflects Moody's expectation for Dayco to continue to lower its financial leverage through earnings growth and to maintain adequate liquidity with near breakeven free cash flow generation. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if Dayco successfully addresses its upcoming debt maturities and financial leverage is expected to be sustained below 6.5x on a go forward basis. In addition, Dayco would need to maintain an adequate liquidity profile with expectations for free cash flow to be moderately positive. The ratings could be downgraded if weaker earnings from a slower automotive recovery or inability to sustain operational efficiencies result in financial leverage remaining above 7.5x debt/EBITDA and reduces the likelihood that Dayco's upcoming maturities will be refinanced at par. A deterioration in liquidity from higher than expected negative free cash flow could also pressure the rating. The principal methodology used in these ratings was Automotive Supplier Methodology published in January 2020. Dayco, LLC, headquartered in Troy, MI, is a global manufacturer of engine technology solutions targeted at primary and accessory drive systems for the worldwide aftermarket, automotive Original Equipment (OE), and industrial end markets. Revenues for the last twelve month period ended November 30, 2020 were about $831 million. The company is owned primarily by a consortium of Oaktree Capital, Anchorage Capital Group, L.L.C. and TPG Capital. DELCATH SYSTEMS: Widens Net Loss to $24.1 Million in 2020 --------------------------------------------------------- Delcath Systems, Inc. filed with the Securities and Exchange Commission its Annual Report on Form 10-K disclosing a net loss of $24.15 million on $1.15 million of product revenue for the year ended Dec. 31, 2020, compared to a net loss of $8.88 million on $1.10 million of product revenue for the year ended Dec. 31, 2019. As of Dec. 31, 2020, the Company had $34.64 million in total assets, $12.56 million in total liabilities, and $22.08 million in total stockholders' equity. New York, NY-based Marcum LLP, the Company's auditor since 2018, issued a "going concern" qualification in its report dated March 31, 2021, citing that the Company has a significant working capital deficiency, has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Fourth Quarter 2020 Financial Results: Product revenue for the three months ended Dec. 31, 2020 was approximately $379,000, compared to $398,000 for the prior year period from its sales of CHEMOSAT procedures in Europe. Selling, general and administrative expenses were approximately $4.5 million compared to $2.1 million in the prior year quarter. Research and development expenses for the quarter were $2.7 million compared to $2.7 million in the prior year quarter. Total operating expenses for the quarter were $7.3 million compared with $4.8 million in the prior year quarter. The Company recorded a net loss for the three months ended Dec. 31, 2020, of $7.0 million, compared to a net income of $12.5 million for the same period in 2019. At Dec. 31, 2020, the Company had cash, cash equivalents and restricted cash totaling $28.8 million, as compared to cash, cash equivalents and restricted cash totaling $10.2 million at Dec. 31, 2019. During the three months ended Dec. 31, 2020 and Dec. 31, 2019, the Company used $4.6 million and $5.4 million, respectively, of cash in its operating activities. "The fourth quarter marked the start of a critical transformation for Delcath," said Gerard Michel, CEO of Delcath. "Since October, we have attracted new investors, strengthened the management team and, most importantly, released preliminary results from the FOCUS trial which, as of this compilation, suggests a significant improvement in the benefit risk ratio versus an earlier generation of Delcath's proprietary percutaneous hepatic perfusion system. We look forward to continued progress in 2021, as we prepare both to file an NDA in early 2022 and expand the development of HEPZATO into additional areas of high unmet need." A full-text copy of the Form 10-K is available for free at: https://www.sec.gov/Archives/edgar/data/872912/000156459021016962/dcth-10k_20201231.htm About Delcath Systems Headquartered in New York, NY, Delcath Systems, Inc. -- http://www.delcath.com-- is an interventional oncology company focused on the treatment of primary and metastatic liver cancers. The Company's lead product candidate, Melphalan Hydrochloride for Injection for use with the Delcath Hepatic Delivery System, or Melphalan/HDS, is designed to administer high-dose chemotherapy to the liver while controlling systemic exposure and associated side effects. In Europe, Melphalan/HDS is approved for sale under the trade name Delcath CHEMOSAT Hepatic Delivery System for Melphalan. DN ENTERPRISES: Unsec. Creditors to Get Share of Income for 3 Years ------------------------------------------------------------------- DN Enterprises, Inc., filed an Amended Chapter 11 Plan of Reorganization. Upon the Effective Date, all of Debtor's property will continue to be owned by the Reorganized Debtor. The membership interests in the Debtor shall continue to be owned by the Trust. The Debtor will continue to own and operate the business and use the funds generated from the business and the capital infusion to pay creditors pursuant to the terms of this Plan. Gil Navarro, the manager and the 100% owner, has been involved in the management and operations of Debtor since its inception and is more than qualified to serve as Debtor's manager. Mr. Navarro has more than 20 years in the property management industry. With respect to First State Bank's secured claim in the amount of $1,259,208 in Class 2, the Debtor will begin making payments to FSB in an amount necessary to pay the Allowed Bank Claim over a 180-month period with the entire unpaid balance due and payable 60 months after the Effective Date. Class 4 unsecured claims are impaired under the Plan. Each holder of an Allowed Claim in Class 4 will be paid its Pro Rata share from the Claims Distribution Fund. Holders of Allowed Class 4 Unsecured Claims shall be paid Pro Rata and on account of their Allowed Claim from Debtor's Projected Disposable Income. The Debtor's financial projections show that the Debtor will have total projected disposable income of $9,972 ("Projected Disposable Income"). Beginning on the first date of the first full month following the Effective Date, and continuing every 90 days thereafter until terminated (a "Contribution Date"), the Debtor will make distributions to the Holders of Allowed Class 4 Unsecured Claims. The Debtor's requirement to contribute Projected Disposable Income under the Plan will cease on the third annual anniversary of the first Contribution Date. The holder of equity security interests, Mr. Navarro, will retain his interests in the Debtor. Counsel for the Debtor: Patrick R. Turner Turner Legal Group, LLC 139 S. 144th Street, #665 Omaha, NE 68010 Tel No. 402-690-3675 E-mail: pturner@turnerlegalomaha.com About DN Enterprises Inc. DN Enterprises, Inc., owns and operates approximately 35 residential properties as rental investments. DN Enterprises sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Neb. Case No. 18-81526) on Oct. 20, 2018. At the time of the filing, the Debtor estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. The case is assigned to Judge Thomas L. Saladino. Dvorak Law Group, LLC, is the Debtor's counsel. DUALIS MEAT MARKET: Court Confirms Chapter 11 Plan -------------------------------------------------- The Honorable John K. Sherwood of the United State Bankruptcy Court for the District of New Jersey entered an order confirming the Plan filed by Dualis Meat Market, Inc. on January 20, 2021. The judge also approved the explanatory Disclosure Statement. The Court determined after a hearing on notice that the requirements for confirmation of the Plan under 11 U.S.C. Sec. 1129 have been satisfied. In the event the Debtor fails to timely pay all the statutory fees payable to the United States Trustee Program, the United State Trustee may file a motion to convert this case into Chapter 7, or dismiss the case after the Plan is confirmed. About Dualis Meat Market Dualis Meat Market, Inc., d/b/a El Ideal Supermarket, operates a small family-owned supermarket and butcher store located at 267-269 Monroe Street, Passaic, New Jersey. Bellanira Castillo is the 100% owner of the company, a New Jersey S-Corporation. Dualis Meat Market filed a Chapter 11 petition (Bankr. D.N.J. Case No. 20-11087) on Jan. 23, 2020, estimating less than $1 million in assets and liabilities. Ilissa Churgin Hook, Esq. of HOOK & FATOVICH, LLC is the Debtor's counsel. DURRANI M.D.: Seeks to Hire Davis & Newsome as Special Counsel -------------------------------------------------------------- Durrani, M.D., & Associates President Omar Durrani seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Davis & Newsome, P.C. as special litigation counsel. The firm's services include: -- handling single family law-related matter filed or to be filed in a state district court in Texas; and -- handling family law-related trial, if necessary. Davis & Newsome will charge $250 per hour for work performed by attorneys and $125 per hour for paralegals. The firm requires a $10,000 retainer. John Newsome, Esq., an attorney at Davis & Newsome, disclosed in court filings that the firm is a disinterested person within the meaning of Bankruptcy Code Section 101(14). The firm can be reached through: John T. Newsome, Esq. Davis & Newsome , P.C. 14614 Falling Creek Drive, Suite 114 Houston, TX 77068 Tel: (281) 317-4019 Fax: (832) 201-7260 Email: JohnnyLaw5000@yahoo.com About Durrani, M.D. & Associates Durrani, M.D., & Associates, P.A. offers comprehensive treatment for disorders of the kidneys, bladder and male reproductive system as well as a focus on male and female sexual health. Visit https://www.durranimd.com for more information. Durrani, M.D., & Associates filed a voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Case No. 19-35543) on Nov. 13, 2020. The case is jointly administered with that of Omar H. Durrani, M.D., president of Durrani, M.D., & Associates. At the time of the filing, Durrani, M.D., & Associates had estimated assets of between $100,000 and $500,000 and liabilities of between $1 million and $10 million. Judge Christopher M. Lopez oversees the cases. Durrani, M.D., & Associates and Mr. Durrani are both represented by the Law Office of Margaret M. McClure. DWS CLOTHING: Unsecured Creditors' Recovery Lowered to 2% in Plan ----------------------------------------------------------------- Debtor DWS Clothing Too, LLC, submitted a Second Amended Chapter 11 Plan of Reorganization and a corresponding Disclosure Statement on April 1, 2021. The COVID-19 pandemic and construction at the Boca Raton Hotel has had a significant effect on the business. The Debtor was effectively shut down for multiple months and prohibited from operating. The Debtor has moved its location to the Beach Club and is hopeful that sales will be boosted as more people are vaccinated and go back to taking vacations and patronizing retail shops. Class 2 Claimants are allowed general unsecured claims. The Debtor proposes to pay the holders of Class 2 claims a total of 2% of the allowed amount of their claim, in 2 installments of 1% each. The first installment shall be paid 90 days after the Effective Date and the second installment shall be paid one hundred 180 days after the Effective Date. The Debtor has approximately $750,000 in Class 2 claims. The Debtor's counsel is owed approximately $50,000 after applying the prepetition retainer and post-petition Debtor payments pursuant to Court Order. The Debtor's counsel estimates an additional $15,000 in fees to conclude the matter. Fees and costs are subject to Court approval. The Debtor's counsel will receive $5,000 on the Effective Date and the balance on a monthly basis as permitted by Debtor's finances. The Debtor's accountant, Paul Altmann, shall receive monthly payments as permitted by Debtor's finances. The Plan will be funded by the Debtor's ongoing business. A full-text copy of the Second Amended Disclosure Statement dated April 1, 2021, is available at https://bit.ly/3mllMOt from PacerMonitor.com at no charge. The Debtor is represented by: RAPPAPORT OSBORNE & RAPPAPORT, PLLC JORDAN L. RAPPAPORT, ESQ. Squires Building, Suite 203 1300 North Federal Highway Boca Raton, Florida 33432 Telephone: (561)368-2200 About DWS Clothing Too Operating as Alene Too, DWS Clothing Too, LLC, sells women's clothes. DWS Clothing Too sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-25551) on Dec. 14, 2018. In the petition signed by Maxine Schwartz, member, the Debtor was estimated to have assets of less than $50,000 and liabilities of $1 million to $10 million. The case is assigned to Judge Mindy A. Mora. Rappaport Osborne & Rappaport, PLLC, is the Debtor's counsel. EAS GRACELAND: Seeks to Hire Anderson Advisors as Tax Preparer -------------------------------------------------------------- EAS Graceland, LLC seeks authority from the U.S. Bankruptcy Court for the Western District of Tennessee to employ Anderson Advisors to prepare tax documents. The firm will receive a fee of $4,000 for its services. Christos Zattas, a tax preparer at Anderson Advisors, disclosed in a court filing that his firm neither represents nor holds any interest adverse to the Debtor. The firm can be reached through: Christos Zattas, EA Anderson Advisors 3225 McLeod Dr., Suite 100 Las Vegas, NV 89121 Phone: (800) 706-4741 About Eas Graceland EAS Graceland, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tenn. Case No. 20-24484) on Sept. 15, 2020. At the time of the filing, the Debtor had estimated assets of less than $50,000 and liabilities of between $1 million and $10 million. Judge David S. Kennedy oversees the case. The Debtor tapped Glankler Brown, PLLC and Christos Zattas of Anderson Advisors as its legal counsel and tax preparer, respectively. ENERGY TRANSFER: Moody's Rates Perpetual Preferred Units 'Ba2' -------------------------------------------------------------- Moody's Investors Service assigned a Baa3 issuer rating to Energy Transfer LP (ET) and Ba2 ratings to all series of its Cumulative Redeemable Perpetual Preferred Units. Moody's also assigned a short-term P-3 rating to ET's commercial paper program. The outlook is negative. Effective April 1, Energy Transfer Operating, L.P.'s (ETO) currently outstanding preferred units will be terminated and simultaneously re-issued by ET. Its commercial paper program will be transitioned to ET from ETO as a result of the merger. These rating actions follow the April 1 closing of the merger of ETO into ET, the holder of ETO's general partner. ET has assumed ETO's unsecured notes as borrower by entering into various supplemental indentures, pursuant to which it has agreed to assume all the obligations of ETO, Sunoco Logistics Partners Operations L.P. (SXL) and ETC Sunoco Holdings LLC (fka Sunoco, Inc.) under their respective outstanding senior notes. There is no change to the Baa3 senior unsecured ratings currently in place at ETO, SXL or Sunoco Inc. "The merger of ETO into ET is a further simplification of what has historically been a highly complex organizational structure," commented Andrew Brooks, Moody's Vice President. "Notwithstanding this simplification transaction, ET remains challenged by its highly leveraged capital structure." Assignments: Issuer: Energy Transfer LP Issuer Rating, Assigned Baa3 Pref. Stock Preferred Stock, Assigned Ba2 Commercial Paper, Assigned P-3 Outlook Actions: Issuer: Energy Transfer LP Outlook, Changed To Negative From Rating Withdrawn Withdrawals: Issuer: Energy Transfer Operating, L.P. Pref. Stock Preferred Stock, Withdrawn , previously rated Ba2 Commercial Paper, Withdrawn , previously rated P-3 RATINGS RATIONALE ET's ratings are supported by its very large consolidated and geographically diversified asset base comprised of crude oil, natural gas and natural gas liquids pipeline services and storage, and largely fee-based natural gas midstream gathering and processing operations. ET also holds the general partnership interest and common units in Sunoco LP (SUN, Ba3 positive) and USA Compression Partners, LP (USAC, B1 stable), further adding to overall operational diversity. ET, though its operating subsidiaries, ranks among the largest publicly traded midstream master limited partnerships (MLP) in terms of its size, geographic reach and the operational diversification of its businesses. Its $95 billion midstream asset base generates a largely fee-based cash flow stream, reporting EBITDA of $10.5 billion at year-end 2020, although down 5.5% from 2019. ET has seen its once robust EBITDA growth flatten in 2020 under the pressure of pandemic influenced upstream energy market weakness combined with fewer midstream growth opportunities. As a result, leverage on a proportionately consolidated basis increased to 5.6x in 2020. ET has guided 2021's reported EBITDA in a range of $10.6 to $11.0 billion. However, as a result of October's 50% distribution cut, which increased 2020's distribution coverage to 2.3x, supplemented by significant reductions in projected capital spending, Moody's expects ET to generate modestly positive free cash flow into 2022. This should enable ET to ultimately reduce leverage to under 5x on an assumption of generally flat EBITDA. Moody's recognizes, however, that in this uncertain energy operating environment even generating flat EBITDA entails execution risk. In February, ET announced the acquisition of Enable Midstream Partners, LP (ENBL, Baa3 negative) on a units-for-units basis, which Moody's views as having only a minimally positive effect on ET's financial leverage through ENBL's slightly less negative financial metrics being absorbed into the much larger ET. The total value of the transaction is about $7 billion, including debt assumption which will become pari with ET's debt. The closing of the acquisition remains pending. Regulatory, permitting and political risk for major energy infrastructure projects has been on the rise. The cost of project delays is borne by project owners, ultimately detracting from project returns and delaying receipt of cash flow associated with these investments. Uncertainty continues to plague the operation of ET's Dakota Access Pipeline (Midwest Connector Capital Company LLC, Baa2 negative) as it continues to confront litigation on several fronts. The MLP structure employed by ET vests considerable influence with the general partner of these entities, whose operations are subject to boards of directors appointed by their respective general partners. MLP limited partner unitholders have considerably fewer voting rights than shareholders in a conventional corporate structure, further restricting their influence over MLP governance. Moody's views ET to be in a good liquidity position into 2022, enhanced by strong earnings retention. Strong distribution coverage should enable ET to retain somewhat over $3 billion in cash which Moody's expects to be contributed to the repayment of debt. Moody's expects that ET's $1.4 billion of maturing notes in 2021 will be repaid in cash, with $3.05 billion of scheduled debt maturities in 2022. ET has projected 2021's growth capital spending of $1.45 billion, down over 50% from 2020's $3.05 billion, with further spending declines projected for 2022 and beyond. At year-end 2020, $3.1 billion was utilized under ET's $6.0 billion credit facilities, $1.66 billion of which was in commercial paper. Its $5.0 billion revolving credit facility has a December 1, 2023 scheduled maturity date, and is supplemented by a $1.0 billion 364-day credit facility, scheduled to mature in November. The 364-day facility had no borrowings outstanding. ET has a history of consistent support for its investment grade rating, which Moody's expects will continue to be the case. The outlook is negative. The outlook could be changed to stable should ET's leverage improve towards a sustainable 5x. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS ET's rating could be downgraded should debt/EBITDA remain above 5x. The rating could be upgraded if debt/EBITDA (proportionately consolidated) drops below 4.5x with strong distribution coverage remaining intact. Energy Transfer LP is headquartered in Dallas, Texas, and owns and operates a broad array of midstream energy assets. The principal methodology used in these ratings was Midstream Energy published in December 2018. EVEN STEVENS: May 10 Plan Confirmation Hearing Set -------------------------------------------------- On April 1, 2021, Even Stevens Sandwiches, LLC, Even Stevens Utah, LLC, and Even Stevens Idaho, LLC, filed with the U.S. Bankruptcy Court for the District of Arizona a Plan of Reorganization. Judge Daniel P. Collins ordered that: * May 10, 2021, at 1:30 p.m. via Zoom video conference is the hearing to consider whether to confirm the Plan. * Any secured creditor that wishes to make an election under 11 U.S.C. § 1111(b)(2) must do so no later than 7 calendar days prior to the initial confirmation hearing. * May 3, 2021 is fixed as the last day for any party desiring to object to confirmation of the Plan to file a written objection. * May 3, 2021 is fixed as the last day for any creditor desiring to vote for or against confirmation of the Plan to complete and sign a Ballot. A full-text copy of the order dated April 1, 2021, is available at https://bit.ly/2OplJ7S from PacerMonitor.com at no charge. Attorneys for the Debtors: DAVIS MILES, MCGUIRE GARDNER, PLLC Pernell W. McGuire M. Preston Gardner 40 E. Rio Salado Pkwy., Suite 425 Tempe, AZ 85281 Tel: (480) 733-6800 Fax: (480) 733-3748 E-mail: efile.dockets@davismiles.com About Even Stevens Sandwiches Even Stevens Sandwiches, LLC, opened its first restaurant in downtown Salt Lake City, Utah, in June 2014. It has eight operating locations: seven in Utah and one in Idaho. Even Stevens Sandwiches and its affiliates each filed voluntary Chapter 11 petitions (Bankr. D. Ariz. Lead Case No. 19-03236) on March 21, 2019. At the time of the filing, the Debtor was estimated to have $1 million to $10 million in both assets and liabilities. Pernell W. McGuire, Esq., at Davis Miles Mcguire Gardner, PLLC, is the Debtor's legal counsel. EVEN STEVENS: Unsecureds to Get 8% Stake in ES Management Sale Plan ------------------------------------------------------------------- Even Stevens Sandwiches, LLC, Even Stevens Utah, LLC, and Even Stevens Idaho, LLC, filed with the U.S. Bankruptcy Court for the District of Arizona a Disclosure Statement in support of Joint Plan of Reorganization dated April 1, 2021. The Plan contemplates the sale of equity in Even Stevens Sandwiches, LLC to a new investor, ES Management, LLC, subject to higher and better offers (the "Buyer"), as part of the plan confirmation process. The Plan provides for the reorganization of the Debtors by: (1) substantively consolidating the Debtors' assets and liabilities for purposes of voting and distributions to holders of Allowed Claims; (2) retiring, cancelling, extinguishing and/or discharging the prepetition equity interests in Even Stevens Sandwiches, LLC; (3) issuing New Equity to the Buyer in exchange for the Consideration and a smaller portion of New Equity to Class 4 General Unsecured Creditors; (4) creating the Distribution Trust to disburse the Consideration and pursue certain avoidance claims and causes of action for the benefit of Creditors. The Debtors will hold an auction at the final confirmation hearing for the sale of 92% of the New Equity in Even Stevens Sandwiches, LLC. The bidding procedures for the sale of New Equity will be established by separate order of the Court, with the auction and final hearing regarding the sale to coincide with the plan confirmation hearing. The stalking horse bidder will be ES Management, LLC for a sale price of $3,016,670, or such higher and better offer that makes itself known to the Debtors prior to the final hearing on confirmation, on the following terms: $1,850,000 paid at closing, minus $300,000 loaned to Debtors as part of the Financing Motion resulting in a cash infusion of $1,550,000 on the Effective Date; and fixed semi-annual payments in the amount of $116,667 beginning 6 months after the Effective Date and continuing for 60 for a total of $1,166,670. Upon closing, the Buyer will receive 92% of the New Equity. The Class 4 General Unsecured Creditors will receive a pro rata portion of 8% of the New Equity, which will be retained in the Reorganized Debtor and distributed only after administrative and priority claims have been paid in full. Class 3 consists of all Allowed Priority Claims and includes the priority unsecured claims of the Internal Revenue Service, Utah State Tax Commission, Idaho State Tax Commission, and Weber County Assessor. The Allowed Class 3 Priority Unsecured Claims shall, on account of and in full and complete settlement, release and discharge of, and in exchange for, such Priority Claims, have their Claims satisfied by the Reorganized Debtor in full after payment of the Class 1 Administrative Claims. The Allowed Class 3 Priority Unsecured Claims will share pro rata in semi-annual payments until the Claims are paid in full. Unless otherwise agreed, the Class 3 Claims shall be entitled to payment within 5 years of the Petition Date and interest at applicable statutory rates. The Debtors will make distributions sufficient to pay 100% of the Allowed Class 3 Claims. Based on the waterfall payment schedule, the Class 3 Priority Claims are estimated to be paid in full by December 31, 2024. Class 3 is impaired and entitled to vote on the Plan. Class 4 consists of all Allowed General Unsecured Claims. The Allowed Class 4 General Unsecured Claims shall have their Claims satisfied by the Reorganized Debtor after payment of all Allowed Administrative, Priority, and Secured Claims, by pro rata distributions of any funds remaining from the Consideration. Based on the waterfall payment schedule, the Class 4 General Unsecured Creditors start receiving pro rata payments by February 28, 2025 and will share in total estimated payments in the amount of $194,276.04. In the event ES Management, LLC is the Buyer at the proposed equity sale, Class 4 General Unsecured Creditors will also share pro rata in 8% of the New Equity in the Reorganized Debtor. The New Equity will be retained by the Reorganized Debtor and distributed to Class 4 General Unsecured Creditors only after full payment of all priority and administrative claims. Based on the waterfall payment schedule, the Administrative and Priority Claims are estimated to be paid in full by December 31, 2024. Class 5 consists of the interests of all members of Debtor Even Stevens Sandwiches, LLC. No distributions will be made to holders of Allowed Class 5 Equity Interests. A full-text copy of the Disclosure Statement dated April 1, 2021, is available at https://bit.ly/3wuJXP1 from PacerMonitor.com at no charge. Attorneys for the Debtors: DAVIS MILES, MCGUIRE GARDNER, PLLC Pernell W. McGuire M. Preston Gardner 40 E. Rio Salado Pkwy., Suite 425 Tempe, AZ 85281 Tel: (480) 733-6800 Fax: (480) 733-3748 E-mail: efile.dockets@davismiles.com About Even Stevens Sandwiches Even Stevens Sandwiches, LLC, opened its first restaurant in downtown Salt Lake City, Utah, in June 2014. It has eight operating locations: seven in Utah and one in Idaho. Even Stevens Sandwiches and its affiliates each filed voluntary Chapter 11 petitions (Bankr. D. Ariz. Lead Case No. 19-03236) on March 21, 2019. At the time of the filing, the Debtor was estimated to have $1 million to $10 million in both assets and liabilities. Pernell W. McGuire, Esq., at Davis Miles Mcguire Gardner, PLLC, is the Debtor's legal counsel. EVERGREEN DEVELOPMENT: U.S. Trustee Unable to Appoint Committee --------------------------------------------------------------- The U.S. Trustee for Region 12 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Evergreen Development Group. About Evergreen Development Group Evergreen Development Group is a single asset real estate company, which owns and leases commercial real estate in Waite Park, Minn. Its principal place of business and corporate offices are located at 95 10th Ave. South, Waite Park, Minn. The Debtor merged with The Evergreens of Apple Valley, L.L.P. in 2015. Evergreen Development Group sought protection under Chapter 11 of the U.S. Bankruptcy Court (Bankr. D. Minn. Case No. 21-60066) on Feb. 26, 2021. In the petition signed by Robert A. Hopman, general partner, the Debtor disclosed assets of $1 million and $10 million and liabilities of less than $50,000. Judge Michael E. Ridgway oversees the case. Foley & Mansfield, P.L.L.P. represents the Debtor as counsel. EVERGREEN DEVELOPMENT: Unsecured Creditors to Recover 100% in Plan ------------------------------------------------------------------ Evergreen Development Group and The Evergreens of Apple Valley, L.L.P., filed a proposed Plan of Reorganization. According to the Disclosure Statement, the Debtor has determined in its business judgment that it is in the best interest of the creditors and the enterprise itself to reorganize the company as a going concern. The Debtor believes the reorganization of the business will allow customers and suppliers to continue to do business. The reorganization is anticipated to generate enough proceeds to pay the value of the collateral to the secured creditors and to provide a sum of money to pay the unsecured creditors a significant amount of their allowed claims. Under the provisions of the Bankruptcy Code, a creditor having a lien or security interest in the assets of the Debtor will have a secured claim only up to the value of the collateral securing the claim. It is anticipated that at the time of confirmation of the Plan, the only secured creditor of the Debtor will be Minnesota Bank and Trust which holds a first priority mortgage on the Debtor's primary asset. The bank is owed approximately $$3,840,000 and the value of the collateral securing that obligation is estimated by the Debtor to have a value of $3,669,000. The value will be determined either by agreement between the Debtor and the bank or by the Bankruptcy Court after a motion and hearing on valuation. The Debtor will assume the lease with the Debtor's tenants for the building facilities which are used for the operations essential to the uninterrupted services of the business. Interruption of those services will cause the loss of tenants. Other leases and executory contracts will either be assumed or rejected based on the decision by the Buyer regarding its future operations and its own evaluation of the terms of those leases or contracts. Leases or contracts which are rejected will have the right to file an unsecured claim and participate in the distribution to Class 2-A and 2-B, as applicable by election of the holders of these claims. The Plan will treat claims as follows: * Class 1-A Secured Claims of Minnesota Bank and Trust. The Debtor is indebted to "Lender in the approximate amount of $3,840,000.00 as of the Petition Date. Lender claims a secured by a first priority lien on the Debtor's primary assets, the Property owned by Debtor and rental proceeds generated by the Debtor's operations. The amount of the secured claim of Class 1-A shall be reduced to $3,669,000 (the Class 1-A Secured Claim"). The Class 1-A Secured Claim will be amortized over a 30-year amortization with interest accruing at the rate of 3.5% per annum and paid in equal monthly installments of $16,474.45 with payments beginning on the first day of the first full month following the Effective Date of the Plan and on the same date of each month thereafter for 120 consecutive months. The full balance of the Class 1-A Secured Claim will be due in full by payment of a balloon payment on the fifth-year anniversary of the Effective Date of the Plan. The balance of any claim remaining by the Class 1-A creditor will be a general unsecured Class 2-B claim. * Class 2-A Lien Holders Claims. The claims in this class of creditors shall receive their pro-rata share of annual payments of $8000.00, plus 30% of the net after-tax profit from Debtor's operations. The Debtor projects the net before tax profit will total approximately $114,750 over the 5-year period of the Plan. * Class 2-B Convenience Claims. This class consists of all Allowed unsecured trade claims against Debtor which total $2,500 or less and any other Trade claimant that agrees to reduce its claim to $2500. The Class 2-B claim holders will receive 100% of the Allowed Claim on the Effective Date of the Plan. * Class 4 Equity Security Holder. This class consists of the holder of the shares of partnership interests in the pre-petition Debtor. The member of this class will receive nothing for its claims. Evergreen Development Group and The Evergreens of Apple Valley, L.L.P., will be substantively consolidated under the plan. The pool of creditors for each entity are identical. The two entities were merged in 2015, however title to the real property of the Debtor was never documented. The reorganized Debtor will continue to operate its business following the Confirmation Date in accordance with the projections provided in the Disclosure Statement. Gateway LLC will become the owner of all the Equity Interests of the debtor and has agreed to inject into the Debtor the following: (1) $100,000 in cash; (2) assign the income from 4 Class A units of ownership in the Salem Premier RV Resort, LLC which has a market value of $226,520 and an annual dividend of $18,500; (3) 6500 shares of PMT Common stock with a current annual dividend of $12,220.00; (4) 200 shares of OHI with a current market value of $75,380 and an annual dividend of $5,360; (5) 2000 shares of CHMI with a current market value of $51,060 and an annual dividend of $4,100. These dividends will supply ongoing cash flow to the Debtor by the new partners of Gateway LLC and provide additional cash flow to fund the operations of the reorganized debtor and make the payments due under the plan. All assets, if any, of The Evergreens of Apple Valley, L.L.P. will be transferred to Evergreen Development Group upon confirmation of the Plan. A copy of the Disclosure Statement is available at https://bit.ly/3wkTVmc from PacerMonitor.com. About Evergreen Development Group Evergreen Development Group is a single asset real estate company which owns and leases commercial real estate in Waite Park, Minnesota. Its principal place of business and corporate offices are located at 95 10th Ave. South, Waite Park, Minnesota, 56387. The Debtor merged with The Evergreens of Apple Valley, L.L.P. in 2015. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Court (Bankr. D. Minn. Case No. 21-60066) on February 26, 2021. In the petition signed by Robert A. Hopman, general partner, the Debtor disclosed up to $10 million in assets and up to $50,000 in liabilities. FOLEY & MANSFIELD, P.L.L.P., represents the Debtor. EXPO CONSTRUCTION: Unsecured Creditors to Recover 3% in 60 Months ----------------------------------------------------------------- Expo Construction Group, LLC, filed a Chapter 11 Plan of Reorganization and a Disclosure Statement. During the two years prior to the date on which the bankruptcy petition was filed, the Debtor operated the company. After the effective date of the order confirming the Plan, it will continue to operate the company. Payments and distributions under the Plan will be funded by future income from the operations of the company. The Plan will treat unsecured claims as follows: * Class 2 - Priority Unsecured Tax Claims Texas Workforce Commission – The Texas Workforce Commission has a priority unsecured claim in the amount of $3338. The Debtor will pay this claim in full plus statutory interest within 5 years of the petition date in equal monthly installments. The payments will be approximately $76.00 per month with the first monthly payments being due and payable on the 15th day of the first full calendar month following 60 days after the effective date of the plan. * Class 4(a) - Holders of General Unsecured Claims that are allowed will each be paid 3% of their claims over 60 months. The payments will be monthly and the first payment is due and payable on the 15th day of the first full month following the effective date of the plan. This class is impaired. * Class 4(b) - Construction creditors holding unsecured claims that are allowed have already been paid or are being paid by the owners of the construction projects from the debtor's retention funds. Each year, if the Reorganized Debtor made a profit, after income taxes, and after making all priority and secured plan payments and normal overhead payments, the Reorganized Debtor shall pay to the allowed construction creditors their pro-rata share of 10% of the net profit for the previous year, in twelve monthly payments beginning on June 15th of the year in which the financial statement is mailed to these creditors. Each year, during the term of the five-year Plan, the Reorganized Debtor will repeat the 12-month payment plan to the allowed construction creditors if the Reorganized Debtor made a net profit the previous year as reflected in the previous year's financial statement. This class is impaired. A copy of the Disclosure Statement is available at https://bit.ly/3rS2lhD from PacerMonitor.com. About Expo Construction Group Expo Construction Group, LLC, a Houston-based general contractor, filed a voluntary petition for relief under Chapter 11 of the United States Code (Bankr. S.D. Texas Case No. 20-34099) on August 18, 2020. Melida Taveras, a managing member, signed the petition. At the time of filing, the Debtor estimated $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The Law Office of Margaret M. McClure serves as the Debtor's legal counsel. FAITH CATHEDRAL: Non-Insider Unsecureds to Get 100% in 5 Years -------------------------------------------------------------- Faith Cathedral Look Up and Live Ministries, Inc., filed with the U.S. Bankruptcy Court for the District of South Carolina a Chapter 11 Plan and a Disclosure Statement on April 1, 2021. The Debtor's proposed plan will be funded by the Debtor's regular income and the sale of some of its Excess Acreage not needed for the Debtor's continued operation. Debtor's regular income is made up exclusively of donations from the Debtor's congregation. The Debtor's proposed plan consists of liquidating a significant portion of its Excess Acreage around its building with the consent of its largest creditor, TD Bank, and restructuring the remaining balance under commercially reasonable terms. Debtor's ability to lower its monthly obligation to TD Bank will result in excess available funds for Debtor to make payments towards its other secured and unsecured debts. Debtor proposes to pay its estate professionals and any outstanding United States Trustee fees in full by the Effective Date of the Plan. Debtor estimates professional fees to be around $15,000, and is up to date on UST quarterly fees. Debtor intends to pay its other secured creditors, Internal Revenue Service and AG Adjustments, Ltd., in full over 48 months and 60 months, respectively. Debtor intends to repay 100% to several of its general unsecured creditors over a 60-month period. Lastly, Debtor will make quarterly pro rata distributions to unsecured debts owed to insiders. Class 2 consists of the Secured Claim of TD Bank. TD Bank has filed a prepetition claim in the amount of $1,665,171.21. Windsor Aughtry, who the Debtor anticipates will market and sell the Debtor's Excess Acreage, will continue to focus on marketing the property for sale. The Debtor estimates the property will be sold for $348,600 to $435,750, and the full amount of the net proceeds be delivered to TD Bank. After the effective date of the Plan, Debtor will continue to make $5,700 payments per the Cash Collateral Order. Class 3 consists of the Secured Claim of AG Adjustments Ltd. Debtor has scheduled AG Adjustments Ltd. as a secured claim of $21,179. This claim will be paid in full over 60 months. AG Adjustments Ltd. is a successor-in-interest to Bank of the West. The Church Property securing the lien has significant equity, therefore, AG Adjustments is fully secured and must be paid in full. The Debtor intends to pay this claim in full over 60 months beginning the first month after the Effective Date of the Plan. Class 4 consists of the Secured Claim of Internal Revenue Service. The Internal Revenue Service has filed a secured claim in the amount of $14,745. This claim will be paid in full in equal installments over a 48-month period beginning on the Effective Date of the Plan. Class 5 is made up of all of the Debtor's unsecured claims that are not owed to insiders. First, the Debtor scheduled a $1,173 unsecured debt to IC Systems, a collections agent for AT&T, for unpaid utility services. 2 Claims were also filed in the case for unpaid prepetition utilities, $229.49 to Piedmont Natural Gas and $41.87 to Greenville Water. Lastly, Debtor has scheduled a claim to GreenSky in the amount of $4,513. These claims will be paid in full in equal monthly installments over a 60-month period. Class 6 consists of the Unsecured Claims of Senior Bishop Ethel M. Talbert Spearman and Michael and Jenette Cureton. This class consists of unsecured claims held by individuals who are insiders. These claims will receive pro-rata payments on their claims on a monthly basis throughout the life of the plan as the Debtor is able to make payments. It is impossible to determine the amounts of payments to be distributed to Class 6 claimants, but it is anticipated these claimants will receive far less than 100% of their claims. The Debtor's Plan does provide for a partial liquidation of the Debtor's estate with the Debtor contributing its regular income to pay claims. The Debtor estimates that this will provide the best recovery available for all parties involved. The Debtor asserts that the Plan is feasible and in the best interest of the Debtor, its creditors, its equity holders, and other interested parties. From October 2020 to February 2021, the Debtor has been able to generate an average net income of $4,975.81, all while contributing $5,700 to TD Bank as required under the Cash Collateral Order. A full-text copy of the Disclosure Statement dated April 1, 2021, is available at https://bit.ly/2PUfMjC from PacerMonitor.com at no charge. The Debtor is represented by: Jason M. Ward, Esq. JASON WARD LAW, LLC 217 E. Park Avenue Greenville, SC 29601 Tel: (864) 233-4566 E-mail: Jason@wardlawsc.com About Faith Cathedral Look Up and Live Ministries Faith Cathedral Look Up and Live Ministries, Inc., a tax-exempt religious organization based in Piedmont, S.C., filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.S.C. Case No. 20-03333) on Aug. 24, 2020. Jenette Cureton, assistant administrator, signed the petition. At the time of the filing, the Debtor disclosed $1 million to $10 million in both assets and liabilities. Judge Helen E. Burris oversees the case. Robert Pohl, Esq., at POHL, P.A., serves as Debtor's legal counsel which was substituted by Jason Ward Law, LLC, as counsel. FIGUEROA MOUNTAIN: Taps Onyx Asset, Rabin Worldwide as Sales Agents ------------------------------------------------------------------- Figueroa Mountain Brewing, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Onyx Asset Advisors, LLC and Rabin Worldwide, Inc. as sales agents and brokers. The Debtor requires the assistance of sales agents to market and sell its assets. The firms will receive a $50,000 fee for out-of-pocket expenses and $15,000 in liquidated damages if the bankruptcy court determines that the assets cannot be sold as contemplated in the agreement. Kevin Otus, a managing partner at Onyx Asset Advisors, and Shira Weissman, a general counsel at Rabin Worldwide, disclosed in court filings that their firms are "disinterested persons" as that term is defined in Section 101(14) of the Bankruptcy Code. The firms can be reached through: Kevin Otus Onyx Asset Advisors, LLC One Market Street Spear Tower, 36th Floor San Francisco, CA 94105 Telephone: (415) 799-3299 Email: kotus@thinkonyx.com - and – Shira Weissman Rabin Worldwide, Inc. 21 Locust Avenue, Suite 2A Mill Valley, CA 94941 Telephone: (415) 522-5700 Email: info@rabin.com About Figueroa Mountain Brewing Founded in 2020, Figueroa Mountain Brewing, LLC -- https://www.figmtnbrew.com/ -- is in the business of manufacturing beer with principal place of business in Buellton, Calif. Figueroa Mountain Brewing sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 20-11208) on Oct. 5, 2020. Jaime Dietenhofer, the company's manager, signed the petition. At the time of the filing, the Debtor disclosed between $1 million and $10 million in both assets and liabilities. Judge Martin R. Barash oversees the case. Lesnick Prince & Pappas LLP is the Debtor's legal counsel. GENERAL MOLY: Court Confirms Chapter 11 Reorganization Plan ----------------------------------------------------------- General Moly, Inc., announced that on March 30, 2021, the United States Bankruptcy Court for the District of Colorado issued an order confirming the Company's Chapter 11 plan of reorganization. Under the plan of reorganization, the Company's assets will be transferred to a new venture and the existing equity interests in the Company will be cancelled. In connection with that order, the Company's two remaining directors, Ricardo Campoy and Greg Raih, have resigned from the Company's board of directors, effective as of the close of business on March 31, 2021. Additionally, Scott Roswell, Chief Legal Officer of the Company, has resigned as an officer of the Company, effective at the same time, and on an interim basis, will assist the Company's Chief Restructuring Officer Tom Kim of r2 Advisors LLC during the reorganizational transition. Additional Information Court filings and other documents related to the court-supervised process are available at https://cases.stretto.com/generalmoly, or by calling the Company's claims agent, Stretto, at (855) 435-7795 (toll-free) or (949) 358-6802 (international) or by sending an email to TeamGeneralMoly@stretto.com. Markus Williams Young & Hunsicker LLC is serving as legal advisor, XMS Capital Partners, Headwall Partners and Odinbrook Global Advisors are serving as financial advisors, and r2 Advisors LLC is serving as Chief Restructuring Officer to the Company. About General Moly About General Moly Inc. Headquartered in Lakewood, Colo., General Moly Inc. is engaged in the exploration, development, and mining of properties primarily containing molybdenum. The Company's primary asset, an 80% interest in the Mt. Hope Project located in central Nevada, is considered one of the world's largest and highest grade molybdenum deposits. General Moly's goal is to become the largest primary molybdenum producer in the world. Molybdenum is a metallic element used primarily as an alloy agent in steel manufacturing. When added to steel, molybdenum enhances steel strength, resistance to corrosion and extreme temperature performance. In the chemical and petrochemical industries, molybdenum is used in catalysts, especially for cleaner-burning fuels by removing sulfur from liquid fuels, and in corrosion inhibitors, high-performance lubricants and polymers. General Moly, Inc., sought Chapter 11 protection (Bankr. D. Colo. Case No. 20-17493) on Nov. 18, 2020. The Debtor disclosed total assets of $1,000,000 and total liabilities of $10,000,000 as of Nov. 16, 2020. Judge Elizabeth E. Brown oversees the case. The Debtor tapped Markus Williams Young & Hunsicker LLC as legal advisor; Bryan Cave Leighton Paisner LLP as special counsel; XMS Capital Partners, Headwall Partners and Odinbrook Global Advisors as financial advisors; and r2 Advisors LLC as restructuring advisor. The Debtor also tapped liquidation expert John C. Smiley, Esq., a partner at Sender & Smiley, LLC. Stretto is the Debtor's claims agent. GIRARDI & KEESE: Actress Drops Claims for Ch. 11 Settlement Funds ----------------------------------------------------------------- Law360 reports that an actress has dropped sex trafficking claims against convicted rapist Harvey Weinstein in a New York federal court, saying she is instead seeking relief from a fund set up by the disgraced movie producer's bankrupt company. In a joint stipulation filed Thursday, April 1, 2021, Wedil David, Weinstein and the Weinstein Co. said that David was dropping her claims without prejudice and seeking relief from the $17 million fund set up in the Weinstein Co.'s Chapter 11 plan. She said she would restart the case if the fund fails to make its payouts to her and other alleged Weinstein victims within 120 days. About Girardi & Keese Girardi and Keese or Girardi & Keese was a Los Angeles-based law firm founded in 1965 by lawyers Thomas Girardi and Robert Keese. It served clients in California in a variety of legal areas. It was known for representing plaintiffs against major corporations. An involuntary Chapter 7 petition (Bankr. C.D. Cal. Case No. 20-21022) was filed in December 2020 against GIRARDI KEESE by alleged creditors Jill O'Callahan, Robert M. Keese, John Abassian, Erika Saldana, Virginia Antonio, and Kimberly Archie. The petitioners' attorneys: Andrew Goodman Goodman Law Offices, Apc Tel: 818-802-5044 E-mail: agoodman@andyglaw.com Elissa D. Miller, a member of the firm SulmeyerKupetz, has been appointed as Chapter 7 trustee. The Chapter 7 trustee can be reached at: Elissa D. Miller 333 South Grand Ave., Suite 3400 Los Angeles, California 90071-1406 Telephone: 213.626.2311 Facsimile: 213.629.4520 E-mail: emiller@sulmeyerlaw.com HEMISPHERE MEDIA: Moody's Affirms B2 CFR & Rates New Term Loan B2 ----------------------------------------------------------------- Moody's Investors Service affirmed Hemisphere Media Holdings, LLC's B2 corporate family rating, B2-PD probability of default rating, and B2 rating on the company's senior secured term loan. Concurrently, Moody's assigned a B2 rating to the company's new $30 million revolving credit facility and $50 million incremental term loan. Moody's also maintained Hemisphere's speculative grade liquidity rating at SGL-1. The outlook is stable. The affirmation of Hemisphere's ratings reflects Moody's expectation that the company will be able to bring leverage (Moody's adjusted debt / 2-year average EBITDA) back to near 5x in the next 12 to 18 months following the close of the company's acquisition of the remaining 75% ownership stake in Pantaya, LLC (Pantaya) from Lions Gate Entertainment, Inc. Pantaya is a leading U.S. Hispanic subscription video on demand (SVOD) service with over 850 thousand subscribers as of December 31, 2020. The acquisition will be funded by the proceeds from the company's $50 million incremental term loan issuance and cash on hand. Assignments: Issuer: Hemisphere Media Holdings, LLC Senior Secured Revolving Credit Facility, Assigned B2 (LGD4) Senior Secured Term Loan, Assigned B2 (LGD4) Affirmations: Issuer: Hemisphere Media Holdings, LLC Probability of Default Rating, Affirmed B2-PD Corporate Family Rating, Affirmed B2 Senior Secured Bank Credit Facility, Affirmed B2 (LGD4 from LGD3) Outlook Actions: Issuer: Hemisphere Media Holdings, LLC Outlook, Remains Stable RATINGS RATIONALE Hemisphere's B2 CFR reflects the company's small scale as one of the smallest rated issuers in the media sector. Most of Hemisphere's revenues are generated in the US where its market share of the Spanish language TV market remains small relative to larger competitors including market share leader Univision Communications, Inc. (Univision, B2 stable). The company's ad revenues are exposed to a single broadcast station, WAPA, located in Puerto Rico which has experienced weak economic conditions compounded in 2020 by the coronavirus pandemic and the resulting shock to the wider US economy. Furthermore, Hemisphere's programming is mostly sourced and licensed from third party distributors which exposes the company to rights renewal and programming inflation risk. Hemisphere's B2 CFR is supported by the company's targeted focus on the high growth Spanish-speaking populations primarily in the US, Latin America, and Puerto Rico. The company has carved itself a demographic niche and successfully delivers differentiated content to a Spanish speaking target audience of about 46 million subscribers through its five networks. The company's strength lies in targeting the underserved non-Mexican US Hispanic population. Hemisphere's revenue model is also well balanced with approximately 51% of FY 2020 net sales contributed by recurring and growing retransmission fees. The company's strong market position, programming, and business model translates into strong EBITDA margins, however, following the company's acquisition of the remaining 75% stake in Pantaya, EBITDA margins will be compressed as the SVOD platform and its content library will require heavy investment leading to EBITDA losses. Pantaya has experienced strong growth in subscribers over the past two years, growing to 850 thousand subscribers in 2020. Moody's believes that the company can grow further as Hispanic content remains limited on over-the-top services, well behind underlying demand or audience size. This said, growing the business will require investment in new content which will result in EBITDA losses over the coming two years at least. This will lead to Moody's adjusted leverage (Moody's adjusted debt / 2-year average EBITDA) increasing to 5.6x in 2021 vs. 3.5x in 2020. While this is above Moody's leverage guidance for the B2 rating, the increase is expected to be temporary and Moody's expects Hemisphere to reduce leverage in 2022 back to levels more in line with historical ones. Also, the addition of Pantaya enhances Hemisphere fundamental business profile by introducing yet another stream of subscription based revenue, which should provide further earnings visibility and dampen advertising revenue cyclicality. Hemisphere's SGL-1 Speculative Grade Liquidity (SGL) rating reflects the very good liquidity profile of the company. Following the acquisition, the company will have around $54 million of cash. Hemisphere's new $30 million revolver will provide further liquidity although the company is not expected to draw on it as Moody's forecasts free cash flow of around $25 million in 2021. The revolver includes a 5x first lien net leverage maintenance covenant, which springs when 35% of the revolver is drawn -- Moody's expects the company to have around 20% headroom under this covenant over the next 12 to 18 months if it were to be tested. The company also benefits from a favorable maturity profile with the nearest maturity in November 2023 when the company's revolving credit facility expires. Hemisphere's capital structure consists of a new $30 million senior secured 1st lien revolving credit facility, a $205 million senior secured 1st lien term loan B, and a new $50 million senior secured 1st lien incremental term loan, which are all rated B2 (LGD4). The instrument ratings reflect the probability of default of the company, as reflected in the B2-PD Probability of Default Rating (PDR), an average expected family recovery rate of 50% at default given the covenant-lite nature of the all bank debt structure, and the particular instruments' ranking in the capital structure. The revolver and term loans are secured by a 1st lien claim on substantially all assets of the borrowers and guarantors, as well as 65% of the stock of foreign subsidiaries. Guarantors include Hemisphere and all existing and future wholly-owned domestic subsidiaries of the borrowers. The stable outlook reflects Moody's expectations that the company will be able to bring leverage (Moody's adjusted debt / 2-year average EBITDA) back to near 5x in 2022 and maintain a very good liquidity profile in 2021 and beyond. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Ratings could be upgraded if leverage (Moody's adjusted debt / 2-year average EBITDA) is sustained comfortably below 3.75x, or if Moody's adjusted 2-year average free cash flow / debt is sustained above 12%. A positive rating action would also be contingent on the company increasing diversification and scale. Ratings could be downgraded if leverage (Moody's adjusted debt to 2-year average EBITDA) is sustained above 5.0x. Hemisphere Media Holdings, LLC ("Hemisphere"), headquartered in Miami, FL, is a US Spanish-language TV and cable network business serving the Hispanic population in the US, Latin America, and Puerto Rico. Hemisphere owns and operates Cinelatino (a Spanish language movie channel distributed in the U.S. and Latin America), WAPA TV (a leading broadcast station in Puerto Rico), WAPA America (a cable network targeting Puerto Rican and other Caribbean Hispanics living in the US), Pasiones (a Spanish language novela cable network distributed in the U.S. and Latin America), Centroamerica TV (a cable network targeting central Americans living in the US), and TV Dominicana (a cable network targeting Dominicans living in the US). The Company also has a 40% interest in Canal 1 (a leading broadcast TV network in Columbia), 100% ownership in Pantaya (a cross-platform over the top (OTT) Spanish-language digital subscription service), and acquired a 75% interest in Snap Global, LLC (Snap TV), a leading distributor of content to broadcast, Pay-TV, and OTT platforms in Latin America on November 26, 2018. As of May, private equity firm Searchlight Capital Partners LLC (Searchlight), through its investment vehicle Gato Investments LP, owned approximately 43.9% of the economic interest in Hemisphere (approximately 72.4% of the voting interest) and the remainder of the shares are floated. Revenue for FY 2020 was approximately $151 million and management's adjusted EBITDA was about $63.6 million The principal methodology used in these ratings was Media Industry published in June 2017. HERTZ CORP: Seeks to Expand Scope of Moelis & Company's Services ---------------------------------------------------------------- The Hertz Corporation and its affiliates filed a supplemental application seeking approval from the U.S. Bankruptcy Court for the District of Delaware to expand the scope of services of investment banker Moelis & Company LLC. The Debtors need additional services from the firm to obtain exit financing. These services include: a. assisting the Debtors in soliciting and negotiating any transaction to obtain exit financing; b. assisting the Debtors in sizing, structuring and effectuating the transaction; c. assisting the Debtors in identifying and evaluating financing sources for the transaction; d. contacting potential financing sources; and e. assisting the Debtors in preparing information materials for use in soliciting potential financing sources. The firm will receive a fee calculated as follows: a. 0.75 percent of the aggregate gross amount of any debt obligations (excluding any debt obligations related to any securitized vehicle financing) raised in any exit financing transaction, plus b. 0.25 percent of the aggregate gross amount of debt obligations related to any securitized vehicle financing raised in any exit financing transaction. William Derrough, managing director at Moelis & Company, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. Moelis & Company can be reached at: William Q. Derrough Moelis & Company LLC 399 Park Avenue, 5th Floor New York, NY 10022 Tel: (212) 883-3800 / (212) 883-3830 Email: william.derrough@moelis.com About The Hertz Corporation Hertz Corp. and its subsidiaries -- http://www.hertz.com/-- operate a worldwide vehicle rental business under the Hertz, Dollar, and Thrifty brands, with car rental locations in North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East, and New Zealand. They also operate a vehicle leasing and fleet management solutions business. On May 22, 2020, The Hertz Corporation and certain of its U.S. and Canadian subsidiaries and affiliates filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware (Bankr. D. Del. Case No. 20-11218). Judge Mary F. Walrath oversees the cases. The Debtors tapped White & Case LLP as their bankruptcy counsel, Richards Layton & Finger, P.A. as local counsel, Moelis & Co. as investment banker, and FTI Consulting as financial advisor. The Debtors also retained the services of Boston Consulting Group to assist them in the development of their business plan. Prime Clerk LLC is the claims agent. The U.S. Trustee for Regions 3 and 9 appointed an official committee of unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Kramer Levin Naftalis & Frankel LLP as its bankruptcy counsel, Benesch Friedlander Coplan & Aronoff LLP as Delaware counsel, UBS Securities LLC as investment banker, and Berkeley Research Group, LLC as financial advisor. Ernst & Young LLP provides audit and tax services to the committee. HERTZ GLOBAL: Selects Centerbridge-Backed Plan for Chapter 11 Exit ------------------------------------------------------------------ Greg Chang of Bloomberg News reports that Hertz Global Holdings Inc. said it chose an "enhanced" offer from Centerbridge Partners, Warburg Pincus and Dundon Capital Partners to provide equity capital for the rental-car company's exit from Chapter 11. The deal, which is subject to bankruptcy court approval, has the support of holders of more than 85% of the company's unsecured notes, Hertz said, a level of backing that gave it a "clear advantage" over a competing offer. The company earlier received a rival proposal from Knighthead Capital Management and Certares Management. About Hertz Global Holdings Hertz Corp. and its subsidiaries -- http://www.hertz.com/-- operate a worldwide vehicle rental business under the Hertz, Dollar, and Thrifty brands, with car rental locations in North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East, and New Zealand. The Company also operates a vehicle leasing and fleet management solutions business. On May 22, 2020, The Hertz Corporation and certain of its U.S. and Canadian subsidiaries and affiliates filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court (Bankr. D. Del. Case No. 20-11218). The Hon. Mary F. Walrath is the presiding judge. White & Case LLP is serving as legal advisor, Moelis & Co. is serving as investment banker, and FTI Consulting is serving as financial advisor. Richards, Layton & Finger, P.A., is the local counsel. Prime Clerk LLC is the claims agent, maintaining the page https://restructuring.primeclerk.com/hertz HINTONS5 LLC: Seeks to Hire McCabe & Mack as Litigation Counsel --------------------------------------------------------------- Hintons5 LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ McCabe & Mack, LLP as special counsel. The Debtor requires legal assistance to prosecute an action against Dlugatz Clams, LLC. The hourly rates of McCabe & Mack's counsel and staff range as follows: Attorneys $230 - $350 Legal Assistants $160 - $175 In addition, McCabe & Mack will seek reimbursement for expenses incurred. Thomas Cummings, Esq., an associate at McCabe & Mack, disclosed in a court filing that he and his firm are "disinterested persons" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Thomas J. Cummings, Esq. McCabe & Mack LLP 63 Washington Street Poughkeepsie, NY 12601 Telephone: (845) 318-1295 Facsimile: (845) 486-7621 About Hintons5 LLC Hintons5 LLC, a Middletown, N.Y.-based single asset real estate corporation, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 20-35871) on Aug. 20, 2020. At the time of the filing, the Debtor disclosed between $500,001 and $1 million in both assets and liabilities. The Debtor tapped Genova & Malin as bankruptcy counsel and McCabe & Mack LLP as special counsel. IDEANOMICS INC: Incurs $106 Million Net Loss in 2020 ---------------------------------------------------- Ideanomics, Inc. filed with the Securities and Exchange Commission its Annual Report on Form 10-K disclosing a net loss of $106.04 million for the year ended Dec. 31, 2020, compared to a net loss of $96.83 million for the year ended Dec. 31, 2019. Revenue for the year was $26.8 million with sequential quarter over quarter growth demonstrating the growing strength of Ideanomics' business. EV revenue in 2020 was $19.5 million versus $2.7 million in 2019, an increase of $16.8 million or more than 600%. The 2020 revenues included its first sales of charging & battery systems, a part of the EV ecosystem that is very important to Ideanomics' S2F2C (Sales 2 Financing 2 Charging) business model. The Company expects revenues from charging systems to grow as WAVE, its inductive charging business acquired in January 2021, is included in its financial results starting this quarter. Revenues for the full year 2019 were $44.6 million, however $40.7 million was generated from the Digital Asset Management Services contract that produced no revenues in 2020 and this contract is not expected to produce any revenues for the foreseeable future. As of Dec. 31, 2020, the Company had $234.41 million in total assets, $32.64 million in total liabilities, $1.26 million in series A convertible redeemable preferred stock, $7.48 million in redeemable non-controlling interest, and $193.02 million in total equity. "We are very pleased with the transformation that took place this past year," said Alf Poor, CEO of Ideanomics. "Despite a year highlighted by COVID-19, we were able to build the groundwork for 2021 and beyond for Ideanomics and we are excited for what the future holds with our recent activity across the EV ecosystem and developments in EV charging infrastructure." A full-text copy of the Form 10-K is available for free at: https://www.sec.gov/ix?doc=/Archives/edgar/data/837852/000110465921044740/idex-20201231x10k.htm About Ideanomics Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. Its Mobile Energy Global (MEG) division is a service provider which facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy management solutions under its innovative sales to financing to charging (S2F2C) business model. Ideanomics Capital is focused on disruptive fintech solutions and services across the financial services industry. Together, MEG and Ideanomics Capital provide their global customers and partners with leading technologies and services designed to improve transparency, efficiency, and accountability, and its shareholders with the opportunity to participate in high-potential, growth industries. The company is headquartered in New York, NY, with offices in Beijing, Hangzhou, and Qingdao, and operations in the U.S., China, Ukraine, and Malaysia. J.C. PENNEY: Offloads Its $2.8 Billion Pension Liabilities ---------------------------------------------------------- Matthew Heller of CFO reports that JCPenney has completed a transfer of pension risk to annuities provider Athene Holdings that ensures the bankrupt retailer's retired employees will continue to receive their benefits. Under the terms of the deal, JCPenney transferred $2.8 billion in pension obligations for roughly 30,000 participants in its pension plan to Athene, which agreed to provide annuity benefits to those participants. The deal completes the termination of JCPenney's plan as it prepares to emerge from Chapter 11 bankruptcy. "Rather than face benefit reductions amid the company's restructuring activity, the retirees covered by this transaction can be confident they will receive the same pension benefit, on the same schedule, as what they currently receive, or expected to receive in the future," Sean Brennan, EVP of pension risk transfer and flow reinsurance at Athene, said in a news release. As Reuters reports, Apollo Global Management, the private equity firm that controls Athene, "is seeking to profit by earning a higher return on investing the [JCPenney] pension assets than its payouts to the retirees will be." JC Penney filed for bankruptcy in May 2020 after the COVID-19 pandemic forced it to temporarily close its then nearly 850 stores. The Pension Benefit Guaranty Corporation took responsibility for the pension plan in November but also allowed the retailer to explore alternatives that would avoid cuts to retiree benefits. According to November PBGC estimates, the plan was 92% funded with $3.3 billion in assets and $3.6 billion in benefit liabilities. The company's most recent 10-K filing in January 2020 indicates that the plan had $3.5 billion in assets and $3.2 billion in liabilities and was 120% funded. Athene's wholly-owned subsidiaries Athene Annuity and Life Company and Athene Annuity & Life Assurance Company of New York have each committed to issuing a group annuity contract to JCPenney and individual annuity certificates to eligible participants. "We wanted to find a better solution for our pension plan participants than [a] distressed termination," said Steve Whaley, chair of the JCPenney's Benefit Plan Investment Committee. About J.C. Penney J.C. Penney Company, Inc. -- http://www.jcpenney.com/-- is an apparel and home retailer, offering merchandise from an extensive portfolio of private, exclusive, and national brands at over 850 stores and online. It sells clothing for women, men, juniors, kids, and babies. On May 15, 2020, J.C. Penney announced that it has entered into a restructuring support agreement with lenders holding 70% of its first-lien debt. The RSA contemplates agreed-upon terms for a pre-arranged financial restructuring plan that is expected to reduce several billion dollars of indebtedness. To implement the plan, J.C. Penney and its affiliates on May 15, 2020, filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 20-20182). At the time of the filing, J.C. Penney disclosed assets of between $1 billion and $10 billion and liabilities of the same range. Judge David R. Jones oversees the cases. The Debtors have tapped Kirkland & Ellis and Jackson Walker, LLP as legal counsel; Katten Muchin Rosenman, LLP as special counsel; Lazard Freres & Co. LLC as investment banker; AlixPartners, LLP as restructuring advisor; and KPMG, LLP as tax consultant. Prime Clerk is the claims agent, maintaining the page http://cases.primeclerk.com/JCPenney A committee of unsecured creditors has been appointed in Debtors' Chapter 11 cases. The committee is represented by Cole Schotz, P.C., and Cooley, LLP. * * * J.C. Penney in November 2020 won approval to sell substantially all of its retail and operating assets ("OpCo") to a group formed by landlords Brookfield Asset Management, Inc. and Simon Property Group and senior lenders through a combination of cash and new term loan debt. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel and BRG Capital Advisors, LLC is serving as financial adviser to Simon and Brookfield. JAGUAR HEALTH: Incurs $33.8 Million Net Loss in 2020 ---------------------------------------------------- Jaguar Health, Inc. filed with the Securities and Exchange Commission its Annual Report on Form 10-K disclosing a net loss and comprehensive loss of $33.81 million on $9.38 million of total revenue for the year ended Dec. 31, 2020, compared to a net loss and comprehensive loss of $38.54 million on $5.77 million of total revenue for the year ended Dec. 31, 2019. The decrease in net loss was primarily due to a decrease in loss from operations of $2.3 million, a decrease of interest expense of $2.9 million, a decrease of loss on extinguishment of debt of $3.1 million, and a decrease in other income of $0.1 million, offset by increase in change in fair value of financial instruments of $3.7 million. For the year 2020, the net loss attributable to common shareholders was $38.6 million compared to $44.7 million for the year 2019. There were $4.8 million of deemed dividends recorded in the year 2020, as compared to $6.2 million recorded during the year 2019. As of Dec. 31, 2020, the Company had $42.84 million in total assets, $25.64 million in total liabilities, and $17.20 million in total stockholders' equity. The total operating expense for the year 2020 was $36.0 million as compared to $34.7 million for the year 2019, a 4%, or $1.3 million, increase year over year. The increase in total operating expenses was mostly due to an increase in inducement expense of $5.3 million relating to the Series B Convertible Preferred Stock and Series 3 Warrants, an Atlas trial delay penalty of $1.0 million, offset by a decrease in the last-year impairment of long-lived intangible assets of $4.0 million, and a $0.6 million decrease in the settlement of the Tempesta royalty license agreement. Total cost of product revenue for the year ended Dec. 31, 2020 and Dec. 31, 2019 was $3.3 million compared to $3.8 million, respectively, which is a 14%, or $0.5 million, decrease year over year. Material costs decreased $0.3 million from $2.1 million for the year ended Dec. 31, 2019 to $1.8 million in 2020 mainly consisting of a decrease of $0.2 million in Mytesi inventory sold, a year-end contractual credit of $0.1 million received from the Company's contract manufacturer, and a campaign batch cancelation fee of $78,000. Other costs decreased $0.4 million from $0.7 million for the year ended Dec. 31, 2019 to $0.3 million mainly consisting of $0.1 million in lower write-offs of non-conforming inventory, and a decrease in equipment maintenance of $55,000. Research and development expense was $6.4 million for the year 2020 compared to $5.8 million for the year 2019, a 10%, or $0.6 million, increase year over year. The increase was due to other expenses of $0.9 million, which are composed primarily of consulting, formulation, and regulatory fees. The consulting expenses increased due to an increase in clinical trial consultant services, which is consistent with the increased activity in development of multiple potential follow-on indications for Mytesi, including the initiation in October 2020 of the Company's pivotal Phase 3 clinical trial of crofelemer (Mytesi) for prophylaxis of diarrhea in adult cancer patients receiving targeted therapy. This is offset by a decrease in clinical and contract manufacturing expenses of $0.1 million primarily due to a decrease in contract manufacturing costs for enhanced manufacturing process improvements the Company is developing to reduce the cost of revenue, and a decrease in non-cash stock-based compensation of $0.1 million primarily due to a prior year expense incurred for options granted with upfront vesting to existing employees. The Sales and Marketing expense was $6.6 million for the year 2020 compared to $6.9 million for the year 2019, a 5%, or $0.3 million, decrease year over year. The decrease in Sales and Marketing expense was due to a decrease in personnel and related benefits of $0.9 million because of a sales force reduction in 2019, and other expenses of $0.3 million related to reduced travel because of the COVID-19 pandemic. This is offset by an increase in direct marketing and sales expenses of $0.8 million from marketing programs for Mytesi related to expanding market access through the specialty pharmacy channel. A full-text copy of the Form 10-K is available for free at: https://www.sec.gov/Archives/edgar/data/1585608/000155837021003811/jagx-20201231x10k.htm About Jaguar Health Jaguar Health, Inc. -- http://www.jaguar.health-- is a commercial stage pharmaceuticals company focused on developing novel, sustainably derived gastrointestinal products on a global basis. The Company's wholly owned subsidiary, Napo Pharmaceuticals, Inc., focuses on developing and commercializing proprietary human gastrointestinal pharmaceuticals for the global marketplace from plants used traditionally in rainforest areas. Its Mytesi (crofelemer) product is approved by the U.S. FDA for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy. JSAA REALTY: To Seek Plan Confirmation on May 10 ------------------------------------------------ Judge Michelle Larson has entered an order approving the Amended Disclosure Statement of JSAA Realty LLC. May 3, 2021, is fixed as the last day for filing and serving written acceptances or rejections of the Plan. May 10, 2021, at 9:30 a.m., is fixed for the hearing on confirmation of the Plan in the Courtroom of Honorable Michelle Larson, 1100 Commerce Street, 14th Floor, Dallas, Texas. The hearing will be conducted via WebEx. May 3, 2021, is fixed as the last day for filing and serving written objections to confirmation of the Plan. About JSAA Realty JSAA Realty, LLC, is a single asset real estate debtor (as defined in 11 U.S.C. Section 101(51B)). It is the owner of a fee simple title to a property located at 11505 Anaheim Drive, in Dallas, Texas, which is valued at $2.2 million. JSAA Realty filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 20-3250 Oct. 2, 2020. Arpit Joshi, the managing member, signed the petition. At the time of the filing, the Debtor disclosed $2.2 million in assets and $651,046 in liabilities. Eric A. Liepins, P.C., serves as the Debtor's legal counsel. JSAA REALTY: Unsecured Claims to Recover 100% in Plan ----------------------------------------------------- JSAA Realty, LLC, filed an Amended Plan of Reorganization. The Debtor's obligations under the Plan will be satisfied out of the ongoing operations of the Reorganized Debtor. The Plan groups claims and interests into 7 separate classes: Class 1: Allowed Administrative Claims Attorney fees and US Trustee Fees (Not Impaired) Class 2: Allowed Ad Valorem Claims (Impaired) Class 3: Allowed Claims of Home Tax Solutions (Impaired) Class 4: Allowed Claims of the Han Men Lee Trust (Impaired) Class 5: Allowed Claims of East Bay, LLC (Impaired) Class 6: Allowed Unsecured Claims (Impaired) Class 7: Allowed Equity Holders (Not impaired) Classes 2 to 5 will be paid in installments until paid in full with interest. The secured creditors will retain their liens until paid in full. All creditors holding allowed unsecured claims in Class 6 will be paid from the operations of the company. The Debtor shall pay $250 per month commencing on the Effective Date until all Allowed Unsecured Creditors are paid in full. Unsecured creditors will receive 100% of their allowed claims under the Plan. Current ownership is not impaired under the Plan and will be satisfied by retaining their interest in the Debtor. Ownership will remain 40% Arpit Joshi and 50%Andy Sinkular. About JSAA Realty JSAA Realty, LLC, is a single asset real estate debtor (as defined in 11 U.S.C. Section 101(51B)). It is the owner of a fee simple title to a property located at 11505 Anaheim Drive, in Dallas, Texas, which is valued at $2.2 million. JSAA Realty filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 20-32504) on Oct. 2, 2020. Arpit Joshi, the managing member, signed the petition. At the time of the filing, the Debtor disclosed $2.2 million in assets and $651,046 in liabilities. Eric A. Liepins, P.C., serves as the Debtor's legal counsel. K&W CAFETERIAS: Unsecured Creditors Will be Paid in Full in Plan ---------------------------------------------------------------- K&W Cafeterias, Inc. respectfully submits this First Amended Disclosure Statement. The Debtor will continue to operate its restaurant business, and at the Effective Date the Debtor will assume the real estate leases and executory contracts associated with the Open Stores and the Office; provided however, the Debtor may elect to close one or more of the Open Stores currently listed by providing notice of such closures at least 15 days prior to the hearing to confirm the Plan. With respect to leases and contracts to be assumed at the Effective Date, any arrearages or other costs required by the Bankruptcy Code to assume such leases and contracts (the "CureAmounts") (i) with respect to leases or contracts with parties other than the Affiliates, will be paid in full on the Effective Date, and (ii) with respect to leases or contracts with Allred Investment Company, LLC or DGV, LLC, will be included in and treated as Class 17 Claims and set off against the other outstanding obligations owed by the Affiliates to the Debtor. Creditors holding Allowed Secured Claims (secured by liens on equipment located at the Open Stores or on certain vehicles), after credit for (i) adequate protection payments made and (ii) the value of any collateral abandoned and released at or before the Effective Date, will be paid in full, with interest and in regular installments as provided in the respective loan documents. These payments will be made from the Debtor-In-Possession Account (the "DIP Account") as a cost of the continued restaurant operations. Truist Bank holds claims based upon (i) promissory notes from the Debtor in the aggregate amount of approximately $7,585,185 (the "K&W Loans"), (ii) the Debtor's guaranty of promissory notes from Allred Investment Company, LLC in the aggregate amount of approximately $775,496 (the "AIC Loans"), and (iii) the Debtor's guaranty of promissory notes from DGV, LLC in the aggregate amount of approximately $2,387,520 (the "DGV Loans"). The K&W Loans, AIC Loans and DGV Loans are, collectively, in the aggregate amount of approximately $10,748,200 (the "Truist Loans"). The Truist Loans are cross-collateralized and secured by (i) liens on certain tangible and intangible assets of the Debtor, although some of these liens are disputed by the Committee, and (ii) first-priority liens on certain real properties owned by Allred Investment Company, LLC and DGV, LLC (the "Affiliate Real Estate"). The Debtor, Truist Bank, Allred Investment Company, LLC ("AIC") and DGV, LLC ("DGV" and together with AIC, the "Affiliates") negotiated an agreement (the "Plan Support Agreement"), in which the parties agreed to support a Plan which provides for the following: * The Affiliates agreed, conditional upon confirmation of the Plan, to market and sell their Affiliate Real Estate to the extent necessary to pay (i) first, the remaining balance of the AIC Loans and the DGV Loans, (ii) second, the remaining balance of the K&W Loans, and (iii) third, any remaining obligations of the Affiliates to the Debtor (approximately $6,380,072, the "Affiliate Loans") after setting off their Class 17 Claims. * The Affiliates now have pending contracts to sell 5 parcels of Affiliate Real Estate, none of which is property of the Debtor's estate. The aggregate purchase price for the 5 parcels is $7,975,000 (approximately $7,496,500 after commissions and closing costs), and the Debtor expects that most if not all the 5 sales will be closed prior to the Effective Date. If all 5 sales of Affiliate Real Estate close prior to the Effective Date, the sale proceeds will (i) satisfy the AIC Loans and the DGV Loans in full, and (ii) reduce the outstanding balance of the K&W Loans to approximately $3,171,951. * Truist Bank, holding claims in the aggregate amount of approximately $10,748,200 (exclusive of the PPP Loan) agreed to (i) release its liens on property of the Debtor's estate, (ii) after application of proceeds from the sale of Affiliate Real Estate, share distributions on its remaining balance of the K&W Loans pro rata with other unsecured creditors, and (iii) subordinate payment of the claims arising from the Debtor's guaranty of loans made to AIC and/or DGV to payment of other unsecured creditors. * Truist Bank also holds an unsecured claim (Claim #36) with respect to a loan made to the Debtor pursuant to the Paycheck Protection Program (the "PPP Loan") in the amount of $6,735,200. The Debtor has applied for forgiveness of the entire amount, which application was approved by Truist Bank and is now being reviewed by the SBA, and the Debtor expects full forgiveness of the PPP Loan. Truist Bank agreed to Plan treatment of the Class 13 Claim that provided, pending such determination by the SBA, the PPP Loan is treated as a Disputed Claim in Class 13, no distributions will be made on this claim until a final determination is made as to the amount which is not forgiven (if any), and at that time Class 13 will be paid in full and receive distributions Pro Rata with holders of Allowed Claims in Class 1 and Class 14. * The Guardian Life Insurance Company of America ("Guardian") issued certain whole life insurance policies (the "Guardian Policies") in 1992, insuring the life of Donald C. Allred, and the Debtor advanced payments of the premiums since that time. The owners of the Guardian Policies agreed to terminate such policies and direct the insurer to remit to the Debtor the premiums previously advanced in the aggregate amount of approximately $2,992,930 (the "Premium Loan Repayment"), receipt of which is expected in April 2021. * The Debtor agreed, conditional upon confirmation of the Plan, to market and sell certain real properties owned by the Debtor (the "Debtor Real Estate") to the extent necessary to fund payment of all Allowed Claims. The Debtor sold 5 parcels of unencumbered real estate with closings after January 1, 2021, all of which have been approved by the Court. All 5 sales have closed or are expected to close by April 15, 2021, with an aggregate sale price of $6,857,000, resulting in net sale proceeds of approximately $6,514,662. The Debtor also has one parcel listed at $759,000 which is not yet under contract, and two other properties which are not currently listed. The Debtor established a Plan Consummation Account for receipt of (i) net proceeds derived from the liquidation of Debtor Real Estate and other Estate Property (other than sales in the ordinary course as part of the restaurant operations) that closed after 1/1/2021 and prior to the Effective Date, (ii) the Premium Loan Repayment derived from the termination of certain life insurance policies, and (iii) surplus funds on deposit at the Effective Date in the Debtor-In- Possession Accounts (after reserving working capital not to exceed $2,000,000 for restaurant operations). As of the Effective Date, the Debtor expects the funds on deposit in the Plan Consummation Account will total approximately $9,507,592, plus any funds in the DIP Account in excess of $2,000,000. The Plan provides for payment of all Allowed Claims by means of initial distributions on the Effective Date of July 1, 2021, quarterly distributions to the extent additional funds become available, and in full (inclusive of interest) no later than June 30, 2022 except to the extent otherwise agreed. Funds deposited in the Plan Consummation Account will be disbursed first in payment of (or reserved for) Allowed Administrative Expense Claims, Priority Claims, and Priority Tax Claims which are estimated in the aggregate amount of approximately $999,285. The remaining balance in the Plan Consummation Account, approximately $8,520,000 or more, will then be applied to pro rata payment of (or reserved for) holders of Allowed Claims in Class 1 (Truist Bank, K&W Loans) estimated at $3,171,951 after application of sales proceeds from the Affiliate Real Estate, Class 13 (Truist Bank-PPP Loan) estimated at zero as loan forgiveness is expected, and Class 14 (Allowed Unsecured Claims) estimated at approximately $2,229,045. Thus, if all the pending sales of Affiliate Real Estate and of Debtor Real Estate are closed by the Effective Date, the Debtor will have more than enough funds on hand to pay all Allowed Claims in full. In the event closings of the pending real estate sales (Debtor Real Estate and/or Affiliate Real Estate) are delayed, the Debtor will disburse all available funds in payment of Allowed Claims in the priorities set forth in the Plan, the Debtor's unsold assets remain Estate Property until all Allowed Claims are paid in full, and the Affiliates remain obligated to market and sell the Affiliate Real Estate as provided in the Plan and the Plan Support Agreement. In any event, all Allowed Claims will be paid in full, with interest, and the only uncertainty is one of timing. The Debtor desires that this Plan be a consensual plan, with all classes of creditors voting to accept the Plan by the requisite majorities required under section 1126 of the Code. In the event any class does not accept the Plan, however, the Debtor requests that the Plan be confirmed by the cram down provisions of section 1129(b) of the Code with respect to such dissenting class or classes. The Debtor reserves the right to modify the Plan pursuant to section 1127 of the Code, consistent with the requirement that the Plan, as modified, meets the requirements of sections 1122 and 1123 of the Code. Classes 14 Unsecured Claims. This Class consists of Unsecured Claims (other than Claims in Classes 1, 13, 15, 16 and 17), currently estimated in the aggregate amount of $2,229,045. Allowed Class 14 Claims will bear interest (i) at the Federal Judgment Rate (0.12%), compounded annually, from the Petition Date to the Effective Date, and (ii) at the Till Rate (Prime Rate, currently 3.5%, plus 1%) from the Effective Date until paid in full. The Debtor will make distributions to holders of Class 14 Claims from the Plan Consummation Account commencing on the Effective Date and quarterly thereafter as funds are available, Pro Rata and Pari Passu with Class 1 and Class 13 Claims, until paid in full. All Allowed Class 14 Claims will be paid in full (inclusive of interest) on or before June 30, 2022. Counsel for the Debtor: John A. Northern Vicki L. Parrott John Paul H. Cournoyer Northern Blue, LLP Post Office Box 2208 Chapel Hill, NC 27515-2208 Telephone: 919-968-4441 jan@nbfirm.com vlp@nbfirm.com jpc@nbfirm.com A copy of the First Amended Disclosure Statement is available at https://bit.ly/3max20a from PacerMonitor.com. About K&W Cafeterias K&W Cafeterias, Inc., a company based in Winston Salem, N.C., filed a Chapter 11 petition (Bankr. M.D.N.C. Case No. 20-50674) on September 2, 2020. In the petition signed by Dax C. Allred, president, the Debtor disclosed $30,085,274 in assets and $22,189,229 in liabilities. Judge Benjamin A. Kahn presides over the case. The Debtor tapped Northen Blue, LLP as its bankruptcy counsel, Bell Davis & Pitt P.A. and Constangy Brooks Smith & Prophete LLP as its special counsel, and Leonard, Call at Kingston Inc. as its broker. William Miller, a U.S. bankruptcy administrator, appointed a committee to represent unsecured creditors in Debtor's Chapter 11 case. The committee is represented by Waldrep Wall Babcock & Bailey, PLLC. L&M RETAIL: Gets Cash Collateral Access on Final Basis ------------------------------------------------------ The U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, has authorized L&M Retail Ventures, LLC to use cash collateral on a final basis in accordance with the budget. The use of cash collateral is the only means available to the Debtor to finance its operation and that irreparable harm will result if Debtor is not permitted to use the cash collateral in the amounts set forth in the budget. The Court finds that all funds remitted to the Court's registry by Square Inc. -- Square Funds -- on February 25, 2021 in the amount of $20,306.60, and all funds remaining in Square's possessions in frozen accounts linked to the Debtor's credit card payments processed through Square Inc. constitute property of the estate. The Court finds that the Debtor has multiple obligations to Frost Bank, Citizens State Bank and Republic National Distribution Company pursuant to their respective promissory notes, security agreements, instruments and other documents executed in connection therewith. These obligations are, in certain circumstances, cross-collateralized and secured by the Debtor’s property including inventory, equipment, furniture, and the proceeds of the collateral. The security interest of Frost, Citizens and Republic includes proceeds of such inventory. The obligations to Frost have a combined principal value of approximately $395,000 and the Debtor is in arrears in the payments due to Frost. The obligations to Citizen have a combined principal value of approximately $768,268.84. The Obligations to Republic have a combined principal value of $110,183.10. The Clerk of the Court is instructed to release the Court Registry Funds to the Debtor as promptly as possible after entry of the order; and Square is instructed to release the Frozen Funds to the Debtor as promptly as possible after entry of the order. Square is directed and authorized to unfreeze the Credit Card Accounts and reinstate the Debtor's access to funds in the Credit Card Accounts from ongoing credit card processing. Square will have no liability to Spark Funding or any other creditor claiming an interest in the Court Registry Funds, the Frozen Funds, or any other funds in the Credit Card Accounts at any time for the release of any of those funds to the Debtor in accordance with the order. As adequate protection for Frost's interest in the Frost cash collateral, Debtor will, on or before the last day of each month and beginning in March 2021, pay the sum of $12,750 per month to Frost, to be applied to Debtor's obligations to Frost evidenced by the Frost loan documents until confirmation of Debtor's Chapter 11 Plan at which time the payments to Frost will be pursuant to the terms of the Plan. As adequate protection for Citizens interest in the Citizen cash collateral, Debtor will, on or before the last day of the each month and beginning in March 2021, pay the sum of $4,250 per month to Citizens to be applied to the Debtor's obligations to Citizens evidenced by the Citizens loan documents until confirmation of Debtor's Plan, at which time payments to Citizens will be pursuant to the terms of the Plan. To the extent the Debtor's use of the pre-petition Collateral of Citizens State Bank, Frost Bank, and Republic National Distributing, including Cash Collateral, results in a decrease in the value of their interest in such cash collateral, Citizens State Bank, Frost Bank, and Republic National Distributing are granted a replacement lien on all post-petition cash collateral to the same extent and priority they possessed a valid, perfected and enforceable security interest in the Debtor's cash collateral as of the Petition Date. To the extent that any applicable non-bankruptcy law would restrict the granting, enforceability or attachment of the liens and security interest. A copy of the Order is available for free at https://bit.ly/2QYXz51 from PacerMonitor.com. About L&M Retail Ventures, LLC L&M Retail Ventures, LLC, doing business as Cork n'Bottle, Haskell Liquor, Mike's Discount Liquor and CBS Liquor, filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Texas Case No. 20-33189) on Dec. 29, 2020. Ervin Lee, member of L&M, signed the petition. At the time of filing, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Stacey G. Jernigan oversees the case. The Debtor tapped Lane Law Firm, PLLC as its legal counsel and DiLucci CPA Firm as its accountant. LET'S TALK: Seeks to Hire Giddens Mitchell & Associates as Counsel ------------------------------------------------------------------ Let's Talk Therapy LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Giddens, Mitchell & Associates PC as legal counsel. The firm will render these legal services: (a) advise the Debtor regarding its powers and duties in the continued management of its property; (b) prepare legal papers; and (c) perform all other legal services necessary to administer the Debtor's Chapter 11 case. The hourly rates of the firm's counsel and staff are as follows: Kenneth Mitchell, Attorney $350 Bobby Giddens, Attorney $350 Alyceson Sadler, Paralegal $75 Precious Atkinson, Paralegal $75 The firm will also seek reimbursement for out-of-pocket expenses incurred. The Debtor paid the firm $5,000 for pre-bankruptcy services and $1,738 for the filing fee. Kenneth Mitchell, Esq., an attorney at Giddens, Mitchell & Associates, disclosed in a court filing that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Kenneth Mitchell, Esq. Giddens, Mitchell & Associates PC 3951 Snapfinger Parkway, Suite 555 Decatur, GA 30035 Telephone: (770) 987-7007 Email: Gmapclawl@gmail.com About Let's Talk Therapy Let's Talk Therapy LLC filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 21-52421) on March 24, 2021, listing under $1 million in both assets and liabilities. Giddens, Mitchell & Associates PC serves as the Debtor's counsel. LUCKY STAR-DEER: Affiliate Taps Hayes Young as Special Counsel -------------------------------------------------------------- Queen Elizabeth Realty Corp., an affiliate of Lucky Star-Deer Park, LLC, seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ The Law Offices of Hayes Young, P.A. as special counsel to assist in state court actions. The Debtor is a plaintiff in a state court action styled Queen Elizabeth Realty Corp. v. Rockland Abstract Corp., Fidelity National Title Insurance Co., and Christopher Bangs. The action seeks to recover damages. Hayes Young will be paid at these rates: Partners $595 per hour Associates $275 per hour Paralegals $95 per hour As disclosed in court filings, Hayes Young is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: Hayes Young, Esq. The Law Offices of Hayes Young, P.A. The Woolworth Building 233 Broadway - Suite 2707 New York, NY 10279 Phone: (212) 766-0006 About Lucky Star-Deer Park Lucky Star-Deer Park, LLC is a single asset real estate as defined in 11 U.S.C. Section 101(51B) based in Flushing, N.Y. Lucky Star-Deer Park and affiliates, Flushing Landmark Realty LLC and Victoria Towers Development Corp., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case Nos. 20-73301, 20-73302 and 20-73303) on Oct. 30, 2020. On Nov. 3, 2020, another affiliate, Queen Elizabeth Realty Corp., filed Chapter 11 petition (Bankr. E.D.N.Y. Case No. 20-73327). Judge Robert E. Grossman oversees the cases, which are jointly administered under Case No. 20-73301. At the time of the filing, Lucky Star-Deer Park had estimated assets of less than $50,000 and liabilities of between $100,001 and $500,000. The Debtors tapped Rosen & Kantrow, PLLC as their legal counsel, Joseph A. Broderick, P.C. as accountant, and Miu & Co. as audit consultant. MCGEHEE PARK: Rental Income, Litigation Proceeds to Fund Plan ------------------------------------------------------------- McGehee Park Apartments, LLC, filed with the U.S. Bankruptcy Court for the Middle District of Alabama, Northern Division, a Chapter 11 Plan and a Disclosure Statement on March 30, 2021. The Debtor filed for Chapter 11 bankruptcy protection on Dec. 29, 2020, to stop the foreclosure sale of its apartment building. The Debtor's sole asset being an apartment building classifies it as a single-asset real estate. Class Three consists of the secured claim of Abor Commercial Lending, LLC, the loan servicer for Fannie Mae, which is secured by the Debtor's real property located at 3800 Governors Drive, Montgomery, Alabama 36111 and all personal property. The Debtor has been making payments in the approximate amount of $37,000 per month since filing its petition; the current amount owed on the Claim is approximately $5,436,907. For the first 12 months after Confirmation, the Debtor will pay interest only payments to Arbor. The Debtor shall re-commence its ordinary monthly payments to Arbor until the loan to Arbor is paid in full. Class Four consists of the secured claim of Credibly of Arizona LLC. The Debtor's principal, Michael King, is a co-maker of this note. This Claim is partially secured by a second lien on all of the Debtor's personal property. The principal of the Debtor, Michael King, will remove the Debtor's name off the note with Credibly, remove Credibly's UCC lien with the Alabama Secretary of State, and pay this obligation outside the bankruptcy case. Class Five consists of the secured claim of the U.S. Small Business Administration (sometimes the "SBA"), which is partially secured by a third lien on the Debtor's personal property. The principal of the Debtor, Michael King, will remove the Debtor's name off the note with the SBA, remove the SBA's UCC lien with the Alabama Secretary of State, and pay this obligation outside the bankruptcy case. Class Six consists of claims that are not secured by property of the estate. The claims that comprise Class Six total $22,003. No payments will be made to BWW dba ServePro due to the claim being disputed and due to the Debtor having a counterclaim. Further, the Debtor proposes to continue the litigation against BWW d/b/a ServePro in state court and see how the case gets resolved outside of this bankruptcy case. Should the state court judge find in favor of BWW, then the Debtor shall be responsible for repayment of the damages, subject to all offsetting defenses of its counterclaim. The Debtor will seek forgiveness of the PPP loan with the SBA, and all other unsecured creditors are utility creditors that will be paid monthly in the ordinary course. Class Seven consists of the claim of Michael King in the amount of $29,452.00 for paying ad valorem taxes on the behalf of the Debtor. This class will be fully paid after the claims comprising Class Six have been fully paid. For the next 12 months, the Debtor anticipates receiving cash receipts around $95,000.00 per month and monthly expenses around $85,000 per month. This leaves a disposable income of approximately $10,000 per month. After this initial 12 month period, the Debtor anticipates receiving cash receipts around $110,000 per month with the same monthly expenses of approximately $85,000 per month. The Debtor manages and leases out apartment units for occupancy, and its income consists of rental payments from its tenants. In addition, the Debtor has a pending claim against the directors and officers of Lighthouse Counseling Center, Inc. and a cause of action against BWW, Inc. The Debtor intends to fund its Plan out of its rental income and any recovery it obtains against Lighthouse Counseling Center, Inc. and BWW, Inc. A full-text copy of the Disclosure Statement dated March 30, 2021, is available at https://bit.ly/3rOQ1OT from PacerMonitor.com at no charge. The Debtor is represented by: MEMORY MEMORY & CAUSBY, LLP Stuart H. Memory Wm. Wesley Causby Post Office Box 4054 Montgomery, AL 36103-4054 Telephone (334) 834-8000 Facsimile (334) 834-8001 E-mail: wcausby@memorylegal.com smemory@memorylegal.com About McGehee Park Apartments McGehee Park Apartments is a single asset real estate (as defined in 11 U.S.C. Section 101(51B)). McGehee Park Apartments filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Ala. Case No. 20-32590) on Dec. 29, 2020. Michael King, sole member, signed the petition. In the petition, the Debtor disclosed assets of between $1 million and $10 million and liabilities of the same range. Memory Memory & Causby, LLP is the Debtor's legal counsel. MEDOLAC LABORATORIES: Seeks to Hire Helmut Koehn as Accountant -------------------------------------------------------------- Medolac Laboratories, A Public Benefit Corporation, seeks approval from the U.S. Bankruptcy Court for the District of Nevada to hire Helmut Koehn, PC as its accountant. The Debtor requires an accountant to assist in the preparation of monthly operating reports; provide general bookkeeping or review of general ledger activity; perform account reconciliations and account analysis; recommend correcting journal entries; and perform accounting research. Helmut Koehn will be paid at an hourly rate of $182. Helmut Koehn is a "disinterested person" pursuant to Sections 327(a) and 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Helmut Koehn, CPA Helmut Koehn PC 7451 SW Coho Ct # 103 Tualatin, OR 97062 Phone: +1 503-691-1594 About Medolac Laboratories, A Public Benefit Corporation Medolac Laboratories, A Public Benefit Corporation -- https://www.medolac.com -- is a producer of human milk-based nutritional and therapeutic products intended to provide breast milk to preterm babies. Medolac Laboratories filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 21-11271) on March 17, 2021. Elena M. Medo, chairman and chief executive officer, signed the petition. At the time of the filing, the Debtor had between $1 million and $10 million in both assets and liabilities. The Debtor tapped Larson & Zirzow, LLC as its bankruptcy counsel, Hone Law, LLC as special counsel, and Helmut Koehn, PC as accountant. MEDOLAC LABORATORIES: Seeks to Hire Hone Law as Special Counsel --------------------------------------------------------------- Medolac Laboratories, A Public Benefit Corporation, seeks approval from the U.S. Bankruptcy Court for the District of Nevada to hire Hone Law, LLC as its special counsel. The Debtor selected Hone Law as its special counsel for litigation matters because of the firm's pre-bankruptcy representation of the Debtor in a miscellaneous proceeding captioned as Medolac Laboratories, PBC v. Evolve Biosystems, Inc, et al., Case No. 2:21-cv-00224-APGDJA, pending in the U.S. District Court for the District of Nevada. In particular, the case involves Hone Law's filing and proceeding with a motion to quash filed in response to a third-party subpoena served on the Debtor arising out of a civil case captioned as Evolve Biosystems, Inc., et al. v. Abbott Laboratories, Case No. 19-cv-5859 pending in the U.S. District Court for the Northern District of Illinois, Eastern Division, which underlying litigation involves claims of alleged patent infringement. Hone Law will be paid at these rates: Eric D. Hone $500 per hour Attorneys $300 - $400 per hour Paralegals $200 per hour Eric Hone, Esq., a principal at Hone Law, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Eric D. Hone, Esq. Hone Law, LLC d/b/a H1 Law Group 701 N Green Valley Pkwy Henderson, NV 89074, USA Phone: (702) 608-3720 Email: eric@h1lawgroup.com About Medolac Laboratories, A Public Benefit Corporation Medolac Laboratories, A Public Benefit Corporation -- https://www.medolac.com -- is a producer of human milk-based nutritional and therapeutic products intended to provide breast milk to preterm babies. Medolac Laboratories filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 21-11271) on March 17, 2021. Elena M. Medo, chairman and chief executive officer, signed the petition. At the time of the filing, the Debtor had between $1 million and $10 million in both assets and liabilities. The Debtor tapped Larson & Zirzow, LLC as its bankruptcy counsel, Hone Law, LLC as special counsel, and Helmut Koehn, PC as accountant. MEDOLAC LABORATORIES: Seeks to Hire Larson & Zirzow as Counsel -------------------------------------------------------------- Medolac Laboratories, A Public Benefit Corporation, seeks approval from the U.S. Bankruptcy Court for the District of Nevada to hire Larson & Zirzow, LLC as its legal counsel. The firm's services include: (a) preparing legal papers in connection with the administration of the Debtor's bankruptcy estate; (b) taking all necessary actions in connection with a sale or preparation of a plan of reorganization; (c) taking all necessary actions to protect and preserve the Debtor's estate including the prosecution of actions on the Debtor's behalf, the defense of any actions commenced against the Debtor, the negotiation of disputes in which the Debtor is involved, and the preparation of objections to claims filed against the estate; and (d) other necessary legal services in connection with the prosecution of the Debtor's Chapter 11 case. The firm received a retainer in the amount of $10,000. Larson & Zirzow will be paid at these rates: Partners $550 per hour Paraprofessionals $220 per hour Larson & Zirzow is a "disinterested person" as defined in Section 101(14) of the Bankruptcy Code, according to court papers filed by the firm. The firm can be reached through: Matthew C. Zirzow, Esq. Larson & Zirzow, LLC 850 E. Bonneville Ave. Las Vegas, NV 89101 Tel: 702-382-1170 Email: mzirzow@lzlawnv.com About Medolac Laboratories, A Public Benefit Corporation Medolac Laboratories, A Public Benefit Corporation -- https://www.medolac.com -- is a producer of human milk-based nutritional and therapeutic products intended to provide breast milk to preterm babies. Medolac Laboratories filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 21-11271) on March 17, 2021. Elena M. Medo, chairman and chief executive officer, signed the petition. At the time of the filing, the Debtor had between $1 million and $10 million in both assets and liabilities. The Debtor tapped Larson & Zirzow, LLC as its bankruptcy counsel, Hone Law, LLC as special counsel, and Helmut Koehn, PC as accountant. MERCY HOSPITAL: Committee Seeks to Tap Perkins Coie as Co-Counsel ----------------------------------------------------------------- The official committee of unsecured creditors appointed in the Chapter 11 cases of Mercy Hospital and Medical Center and Mercy Health System of Chicago seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Perkins Coie LLP as co-counsel with Sills Cummis & Gross PC. Perkins Coie will render these legal services: (a) advise and consult the committee regarding the Debtors' administration of their Chapter 11 cases; (b) attend meetings and negotiate with representatives of the Debtors, creditors and other parties in interest; (c) advise the committee in connection with any proposed sales of assets, disposition of assets or change of control transaction; (d) advise the committee on matters relating to the assumption, rejection or assignment of unexpired leases and executory contracts; (e) assist the committee in its examination and analysis of the conduct of the Debtors' affairs; (f) assist the committee in its examination and analysis of the pre-bankruptcy financing agreements; (g) assist the committee in the review, analysis and negotiation of any post-petition financing or funding agreements; (h) take all necessary actions to protect and preserve the interests of the committee; (i) analyze, advise, negotiate and prepare a Chapter 11 plan, related disclosure statement and other agreements and documents; (j) prepare legal papers; and (k) appear and advance the committee's interests before the bankruptcy court, the U.S. District Court for the Northern District of Illinois, any appellate courts, and with the Office of the U.S. Trustee. The hourly rates of Perkins Coie's counsel and staff are as follows: Eric E. Walker, Partner $895 Kathleen Allare, Associate $625 Rachel Leibowitz, Paralegal $300 In addition, Perkins Coie will seek reimbursement for expenses incurred. Eric Walker, Esq., a partner at Perkins Coie, disclosed in a court filing that the firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: Eric E. Walker, Esq. Kathleen Allare, Esq. Perkins Coie LLP 131 S. Dearborn Street, Suite 1700 Chicago, IL 60603-5559 Telephone: (312) 324-8400 Facsimile: (312) 324-9400 Email: ewalker@perkinscoie.com kallare@perkinscoie.com About Mercy Hospital and Medical Center Mercy Hospital operates the general acute care hospital known as Mercy Hospital & Medical Center located at 2525 South Michigan Ave., Chicago. The hospital offers inpatient and outpatient services. Mercy Health System of Chicago, an Illinois not-for-profit corporation, is the sole member of Mercy Hospital. The health care facilities are part of Trinity Health's network of health care providers. On the Web: http://www.mercy-chicago.org/ Mercy Hospital and Medical Center and Mercy Health System of Chicago sought Chapter 11 protection (Bankr. N.D. Ill. Case Nos. 21-01805 and 21-01806) on Feb. 10, 2021. Mercy Hospital estimated $100 million to $500 million in assets and liabilities as of the bankruptcy filing. Judge Timothy A. Barnes oversees the cases. Foley Lardner LLP, led by Matthew J. Stockl, is the Debtors' legal counsel. Epiq Corporate Restructuring, LLC is the claims, noticing, solicitation and administrative agent. The U.S. Trustee for Region 11 appointed an official committee for unsecured creditors in March 2021. The committee tapped Sills Cummis & Gross PC and Perkins Coie LLP as counsels. MERCY HOSPITAL: Committee Seeks to Tap Sills Cummis as Co-Counsel ----------------------------------------------------------------- The official committee of unsecured creditors appointed in the Chapter 11 cases of Mercy Hospital and Medical Center and Mercy Health System of Chicago seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Sills Cummis & Gross, PC as co-counsel with Perkins Coie, LLP. Sills Cummis & Gross will render these legal services: (a) advise the committee regarding its rights, powers, and duties in the Debtors' Chapter 11 cases; (b) prepare legal papers; (c) represent the committee in any and all matters arising in these cases; (d) appear at hearings and other proceedings to represent the interests of the committee; (e) assist the committee in its investigation and analysis of the Debtors, their capital structure, and issues arising in or related to these cases; (f) represent the committee in all aspects of any sale and bankruptcy plan confirmation proceedings; and (g) perform other necessary legal services. The hourly rates of Sills Cummis & Gross' counsel and staff range as follows: Members $575 - $950 Of Counsels $425 - $725 Associates $325 - $650 Paralegals $195 - $295 The hourly rates of professionals who are expected to have primary responsibility for providing services to the committee in these cases are as follows: Andrew H. Sherman, Member $895 Boris I. Mankovetskiy, Member $795 Lucas F. Hammonds, Of Counsel $675 Daniel J. Harris, Of Counsel $675 Rachel E. Brennan, Associate $650 Gregory Kopacz, Associate $625 In addition, Sills Cummis & Gross will seek reimbursement for expenses incurred. Andrew Sherman, Esq., a member of Sills Cummis & Gross, disclosed in a court filing that the firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: Andrew H. Sherman, Esq. Sills Cummis & Gross PC The Legal Center One Riverfront Plaza Newark, NJ 07102 Telephone: (973) 643-6982 Email: asherman@sillscummis.com About Mercy Hospital and Medical Center Mercy Hospital operates the general acute care hospital known as Mercy Hospital & Medical Center located at 2525 South Michigan Ave., Chicago. The hospital offers inpatient and outpatient services. Mercy Health System of Chicago, an Illinois not-for-profit corporation, is the sole member of Mercy Hospital. The health care facilities are part of Trinity Health's network of health care providers. On the Web: http://www.mercy-chicago.org/ Mercy Hospital and Medical Center and Mercy Health System of Chicago sought Chapter 11 protection (Bankr. N.D. Ill. Case Nos. 21-01805 and 21-01806) on Feb. 10, 2021. Mercy Hospital estimated $100 million to $500 million in assets and liabilities as of the bankruptcy filing. Judge Timothy A. Barnes oversees the cases. Foley Lardner LLP, led by Matthew J. Stockl, is the Debtors' legal counsel. Epiq Corporate Restructuring, LLC is the claims, noticing, solicitation and administrative agent. The U.S. Trustee for Region 11 appointed an official committee for unsecured creditors in March 2021. The committee tapped Sills Cummis & Gross PC and Perkins Coie LLP as counsels. MOBIQUITY TECHNOLOGIES: Gets Additional $150K From Salkind Lenders ------------------------------------------------------------------ Mobiquity Technologies, Inc. previously obtained $2,300,000 in loan financing from Gene and Katherine Salkind and the Marital Trust GST Subject U/W/O Leopold Salkind and issued to them 15% Senior Secured Promissory Notes dated Sept. 13, 2019, which were amended and restated in Amended and Restated 15% Senior Secured Promissory Notes dated Dec. 31, 2019. Dr. Salkind is currently a director of the Corporation. The Corporation believed it to be in the best interest of the Corporation and its shareholders to raise additional capital by borrowing a further $150,000 from the Salkind Lenders. The Salkind Lenders provided the Corporation such additional capital funding in consideration of amending the Conversion Price under the First Amended and Restated Notes from $0.08 (pre-stock split) to $4.00 (post-stock split). About Mobiquity Headquartered in Shoreham, NY, Mobiquity Technologies, Inc. owns 100% of Advangelists, LLC and 100% of Mobiquity Networks, Inc. as wholly owned subsidiaries. Advangelists is a developer of advertising and marketing technology focused on the creation, automation, and maintenance of an advertising technology operating system (or ATOS). Advangelists' ATOS platform blends artificial intelligence (or AI) and machine learning (ML) based optimization technology for automatic ad serving that manages and runs digital advertising inventory and campaigns. Mobiquity Networks has evolved and grown from a mobile advertising technology company focused on driving Foot-traffic throughout its indoor network, into a next generation location data intelligence company. Mobiquity reported a net comprehensive loss of $15.03 million for the year ended Dec. 31, 2020, compared to a net comprehensive loss of $44.03 million for the year ended Dec. 31, 2019. As of Dec. 31, 2020, the Company had $9.38 million in total assets, $6.49 million in total liabilities, and $2.88 million in total stockholders' equity. Lakewood, Colo.-based BF Borgers CPA PC, the Company's auditor since 2018, issued a "going concern" qualification in its report dated March 31, 2021, citing that the Company has suffered recurring losses from operations and has a significant accumulated deficit. In addition, the Company continues to experience negative cash flows from operations. These factors raise substantial doubt about the Company's ability to continue as a going concern. MOBIQUITY TECHNOLOGIES: Lowers Net Loss to $15 Million in 2020 -------------------------------------------------------------- Mobiquity Technologies, Inc. filed with the Securities and Exchange Commission its Annual Report on Form 10-K disclosing a net comprehensive loss of $15.03 million on $6.18 million of revenue for the year ended Dec. 31, 2020, compared to a net comprehensive loss of $44.03 million on $9.72 million of revenue for the year ended Dec. 31, 2019. As of Dec. 31, 2020, the Company had $9.38 million in total assets, $6.49 million in total liabilities, and $2.88 million in total stockholders' equity. Lakewood, Colo.-based BF Borgers CPA PC, the Company's auditor since 2018, issued a "going concern" qualification in its report dated March 31, 2021, citing that the Company has suffered recurring losses from operations and has a significant accumulated deficit. In addition, the Company continues to experience negative cash flows from operations. These factors raise substantial doubt about the Company's ability to continue as a going concern. A full-text copy of the Form 10-K is available for free at: https://www.sec.gov/Archives/edgar/data/1084267/000168316821001154/mobiquity_10k-123120.htm About Mobiquity Headquartered in Shoreham, NY, Mobiquity Technologies, Inc. owns 100% of Advangelists, LLC and 100% of Mobiquity Networks, Inc. as wholly owned subsidiaries. Advangelists is a developer of advertising and marketing technology focused on the creation, automation, and maintenance of an advertising technology operating system (or ATOS). Advangelists' ATOS platform blends artificial intelligence (or AI) and machine learning (ML) based optimization technology for automatic ad serving that manages and runs digital advertising inventory and campaigns. Mobiquity Networks has evolved and grown from a mobile advertising technology company focused on driving Foot-traffic throughout its indoor network, into a next generation location data intelligence company. MONARCH GROUP: Court Approves Disclosure Statement -------------------------------------------------- Judge Brenda T. Rhoades has entered an order approving the Disclosure Statement of Monarch Group, LLC. The hearing to consider confirmation of the Plan shall begin at 9:30 a.m. on May 11, 2021 before the Honorable Brenda T. Rhoades. The hearing will be held via remote telephonic proceeding. Any creditor or party in interest desiring to object to either the Disclosure Statement or the Plan must do so pursuant to a written objection which must be filed with the Clerk of the Court no later than 5:00 p.m. prevailing Central Time on May 5, 2021. In order to be counted, Ballots to accept or reject the Plan must be received by counsel for the Debtor no later than 5:00 p.m. prevailing Central Time on April 30, 2021 Holders of Claims within Debtor's Classes 1-5 are entitled to vote on the Plan. Debtor's Class 6 is not entitled to vote and is deemed to accept the Plan. The Debtor shall cause a Solicitation Package to be served upon (a) all holders of Claims in Classes 1 – 5 and (b) all parties in interest on the Debtor's Master Service List. Each holder of a Claim within a Class of Claims entitled to vote to accept or reject the Plan is entitled to vote the amount of such Claim as is held as of March 29, 2021. The deadline for receipt of Ballots evidencing the votes accepting or rejecting the Plan shall be 5:00 p.m. prevailing Central Time on April 30, 2021. About Monarch Group Monarch Group LLC is a "single asset real estate" as that term is defined in 11 U.S.C. Sec. 101(51B). Monarch Group owns a real property located at 2343 E. University Drive, McKinney, Texas. The property is used by its affiliates Safari Towing and Collin County VSF in their towing and impound businesses. The Debtor is indebted to Donald Sadler and Ruby Sadler, who sold the Property to Monarch back in 2011 under a promissory note in the original principal amount of $225,000. Monarch Group filed a Chapter 11 bankruptcy petition (Bankr. E.D. Tex. Case No. 20-41708) on Aug. 3, 2020, estimating under $1 million in both assets and liabilities. The Debtor is represented by HAYWARD & ASSOCIATES PLLC. MTE HOLDINGS: Seeks Cash Collateral Access ------------------------------------------ MTE Holdings, LLC and affiliates ask the U.S. Bankruptcy Court for the District of Delaware for authority to use cash collateral and provide adequate protection. The Debtors assert they are nearing the end of the Chapter 11 cases, and an exit from bankruptcy is imminent. However, even as the Debtors focus on emergence, they also have a duty to maximize the value of the estates by ensuring that ongoing core oil and gas business operations continue to seamlessly function and generate cash for the benefit of the estates and their creditors. In February 2021, the Debtors' management and Scott Davido, a Senior Managing Director at Ankura Consulting Group, LLC, and serving as the Debtor's CRO, determined that unless the Debtors commenced oil and gas development activities pursuant to lease agreements covering approximately 690 net acres of undeveloped oil and gas reserves valued at $15 million by April 1, 2021, the Leases would terminate and the Debtors would forfeit the rights to develop the oil and gas covered by the Leases. The Leases pertain to oil and gas production from the Alysheba oil and gas well unit and are part of the Alysheba Unit agreement. Since February 2021, the Debtors have been engaged with the Lease counterparties on extending their right to develop the acreage covered by the Leases by six months, to approximately October 1, 2021. The Debtors believe they will obtain Lease extensions prior to April 1 and not have to expend any Cash Collateral. However, in an abundance of caution, should negotiations with the Lessors fail, the Debtors have determined to seek Court approval to use $200,000 of cash that constitutes the cash collateral of Natixis, New York Branch as administrative agent, and BMO Harris Bank, N.A. to begin a partial hydraulic fracturing of the Alysheba 18 #2H DUC well unit. The Debtors seek further authority to use an additional $350,000 cash collateral to continue Alysheba Unit hydraulic fracturing activities. If negotiations with the Lessors fail, and the Debtors do not obtain approval to begin the partial frac of the Alysheba Unit, the Debtors will lose the opportunity to develop an estimated $15 million in oil and gas reserves, impeding their ability to generate cash and causing great harm to the value of the estates. Any downward revisions to the value of the estates, in turn, will result in less cash and property available to distribute to creditors pursuant to a plan or sale, the Debtors say. Despite the Debtors' best efforts, and contrary to their own best interest in preserving $15 million of estate value, Natixis and BMO, whose Cash Collateral would be used to fund the Completion Expenses to the extent set forth in the Budget, have reviewed the proposed capital expenditures and have not consented to the Debtors' requested relief. The Debtors seek to ensure they are able to expend a minimal investment to preserve their right to drill for up to $15 million in oil and gas reserves covered by the Alysheba Unit Agreement and corresponding Leases. Failure to do so will result in the termination of the Leases and the Debtors' forfeiting the right to produce oil and gas on the Leased Premises, harming the value of the Debtors' estates by impeding future cash generation, and curtailing future revenue growth. The Debtors propose to provide adequate protection to the Prepetition Secured Parties in similar form and manner as provided by the Final Cash Collateral Order, with the Prepetition Secured Parties receiving CapEx Related Administrative Adequate Protection Liens: (a) the Administrative Agent is granted for the benefit of the Prepetition Secured Parties, to secure payment of an amount equal to the Collateral Diminution, solely to the extent Cash Collateral is used for any grouping (on a well-by-well basis) with respect to the Alysheba Unit, in accordance with the Budget, a valid, binding, continuing, enforceable, fully perfected first priority senior security interest in and lien on the Alysheba Unit; (b) the CapEx Related Administrative Adequate Protection Liens will not attach Avoidance Actions, but will attach to the proceeds or property recovered in respect of any Avoidance Actions solely to the extent Cash Collateral is used for any grouping with respect to the Alysheba Unit, in accordance with the Budget; and (c) the CapEx Related Administrative Adequate Protection Liens will provide for an allowed administrative expense claim solely to the extent Cash Collateral is used for any grouping with respect to the Alysheba Unit, in accordance with the Budget, which administrative claim will have recourse to and be payable from all prepetition and postpetition property of the Prepetition Loan Parties, including, without limitation, the proceeds or property recovered in respect of any Avoidance Actions. The Court order says the CapEx Related Administrative Adequate Protection Liens will be valid, binding, continuing, enforceable, nonavoidable, and automatically perfected first priority senior security interests and liens, notwithstanding the automatic stay, without the necessity of filing or recording any financing statement, deed of trust, mortgage, or other instrument or document which otherwise may be required under the laws of any jurisdiction to validate or perfect such security interests and liens. A copy of the motion is available for free at https://bit.ly/31yBWKO from PacerMonitor.com. About MTE Holdings, LLC MTE Holdings LLC is a privately held company in the oil and gas extraction business. MTE sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 19-12269) on October 22, 2019. In the petition signed by its authorized representative, Mark A. Siffin, the Debtor disclosed assets of less than $50 billion and debts of $500 million. Judge Karen B. Owens was originally assigned to the case before Judge Christopher S. Sontchi took over. The Debtor tapped Kasowitz Benson Torres LLP as its bankruptcy counsel; Morris, Nichols, Arsht & Tunnell, LLP as its local counsel; Greenhill & Co., LLC, as financial advisor and investment banker; Ankura Consulting LLC, as a chief restructuring officer; and Stretto as its claims and noticing agent. NATIONAL RIFLE: Bonds Ellis 2nd Update on Judge Journey, 4 Others ----------------------------------------------------------------- Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure, the law firm of Bonds Ellis Eppich Schafer Jones LLP submitted a second amended verified statement to disclose an updated list of creditors that it is representing in the Chapter 11 cases of National Rifle Association of America and Sea Girt LLC. As of April 2, 2021, the creditors and their disclosable economic interests are: Judge Journey * Nature of Claim: Unsecured Claim; Membership Interest; and Contingent D&O Liability * Total Estimated Liability: General Unsecured Claim of $4,193.63 per Debtors' Amended Schedule E/F; Unknown Rocky Marshall * Nature of Claim: Membership Interest; and Contingent D&O Liability * Total Estimated Liability: Unknown Esther Schneider * Nature of Claim: Membership Interest * Total Estimated Liability: Unknown Buz Mills * Nature of Claim: Membership Interest; and Contingent D&O Liability * Total Estimated Liability: Unknown Bart Skelton * Nature of Claim: Membership Interest; and Contingent D&O Liability * Total Estimated Liability: Unknown Counsel for The Honorable Phillip Journey, et al. can be reached at: M. Jermaine Watson, Esq. Joshua N. Eppich, Esq. H. Brandon Jones, Esq. Clay M. Taylor, Esq. J. Robertson Clarke, Esq. BONDS ELLIS EPPICH SCHAFER JONES LLP 420 Throckmorton Street, Suite 1000 Fort Worth, TX 76102 Telephone: (817) 405-6900 Facsimile: (817) 405-6902 E-mail: jermaine.watson@bondsellis.com joshua@bondsellis.com brandon@bondsellis.com clay.taylor@bondsellis.com robbie.clarke@bondsellis.com A copy of the Rule 2019 filing, downloaded from PacerMonitor.com, is available at https://bit.ly/3sQpiTj About National Rifle Association Founded in 1871 in New York, the National Rifle Association of America is a gun rights advocacy group. The NRA claims to be the longest-standing civil rights organization and has more than five million members. Seeking to move its domicile and principal place of business to Texas amid lawsuits in New York, the National Rifle Association of America sought Chapter 11 protection (Bankr. N.D. Tex. Case No. 21-30085) on Jan. 15, 2021. Affiliate Sea Girt LLC simultaneously sought Chapter 11 protection (Case No. 21-30080). The NRA was estimated to have assets and liabilities of $100 million to $500 million as of the bankruptcy filing. Judge Harlin Dewayne Hale oversees the cases. The Debtors tapped Neligan LLP and Garman Turner Gordon LLP as their bankruptcy counsel, and Brewer, Attorneys & Counselors as their special counsel. The U.S. Trustee for Region 6 appointed an official committee of unsecured creditors on Feb. 4, 2021. Norton Rose Fulbright US, LLP and AlixPartners, LLP serve as the committee's legal counsel and financial advisor, respectively. NINE POINT: Seeks to Hire AlixPartners as Financial Advisor ----------------------------------------------------------- Nine Point Energy Holdings, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ AlixPartners, LLP as financial advisor. AlixPartners will provide these services: (a) design and implement a restructuring strategy; (b) develop contingency plans and financial alternatives in the event an out-of-court restructuring cannot be achieved; (c) communicate and negotiate with outside constituents; (d) review existing liquidity management tools; (e) review existing business plans; (f) satisfy diligence requirements of any external constituents during the contingency planning process; and (g) assist with such other matters as may be requested in the Debtors' Chapter 11 cases. AlixPartners received a retainer in the amount of $150,000 from the Debtors. The hourly rates of AlixPartners' counsel and staff are as follows: Managing Director $1,030 – $1,295 Director $825 – $980 Senior Vice President $665 – $755 Vice President $485 – $650 Consultant $180 – $480 Paraprofessional $305 – $325 In addition, AlixPartners will seek reimbursement for expenses incurred. John Castellano, a managing director at AlixPartners, disclosed in a court filing that the firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: John R. Castellano AlixPartners, LLP 909 Third Avenue, Floor 30 New York, NY 10022 Office: (212) 490-2500/(312) 551-3287 Mobile: (312) 560-5276 Facsimile: (212) 490-1344 Email: jcastellano@alixpartners.com About Nine Point Energy Nine Point Energy Holdings, Inc. -- https://ninepointenergy.com/ -- is a private exploration and production company focused on value creation through the safe, efficient development of oil and gas assets within the Williston Basin. Nine Point Energy Holdings, Inc., sought Chapter 11 protection (Bankr. D. Del. Case No. 21-10570) as the Lead Case, on March 15, 2021. The three affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code are Nine Point Energy, LLC (Bankr. D. Del. Case No. 21-10571), Foxtrot Resources, LLC (Case No. 21-10572), and Leaf Minerals, LLC (Case No. 21-10573). The cases are assigned to Judge Mary F. Walrath. In the petitions signed by Dominic Spencer, authorized signatory, the Debtors estimated assets and liabilities (on a consolidated basis) in the range $100 million to $500 million. The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Latham & Watkins LLP as counsel; AlixPartners LLP as financial advisor; Perella Weinberg Partners L.P. as investment banker; and Lyons, Benenson & Co., Inc. as compensation consultant. Stretto is the claims and noticing agent and administrative advisor. NINE POINT: Seeks to Hire Perella Weinberg as Investment Banker --------------------------------------------------------------- Nine Point Energy Holdings, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Perella Weinberg Partners LP as investment banker. Perella Weinberg Partners will render these services: A. General Financial Advisory Services (a) familiarize themselves with the business, operations, properties, financial condition and prospects of the Debtors; (b) review the Debtors' financial condition and outlook; (c) assist in the development of financial and technical data and presentations to the Debtors' Board of Directors, lenders, current or potential creditors, and other parties; (d) analyze the Debtors' financial liquidity and evaluate alternatives to improve or maintain such liquidity; (e) evaluate the Debtors' debt capacity and alternative capital structures; (f) participate in negotiations among the Debtors and their creditors, suppliers, lessors and other interested parties; (g) advise the Debtors and negotiate with lenders with respect to potential waivers or amendments of their credit agreement and other debt documents; and (h) provide such other advisory services. B. Restructuring Services (a) analyze various restructuring and amendment scenarios; (b) provide strategic advice with regard to restructuring or refinancing the Debtors' obligations; (c) provide financial advice and assistance to the Debtors in developing a restructuring or amendment; (d) provide financial advice and assistance to the Debtors in structuring any new securities to be issued under a restructuring; (e) provide a valuation expert report or valuation expert testimony; and (f) participate in negotiations with entities or groups affected by the restructuring or amendment. C. Financing Services (a) provide financial advice to the Debtors in structuring and effecting a financing, identify potential investors, and contact and solicit such investors; and (b) assist in the arranging of a financing. D. Sale Services (a) provide financial advice to the Debtors in structuring, evaluating and effecting a sale, identify potential acquirers, and contact and solicit potential acquirers; and (b) assist in the arranging and executing a sale. The firm will be compensated as follows: (a) A monthly financial advisory fee of $150,000. (b) In the case of an amendment, an amendment fee in the amount of $1 million. (c) In the event of a sales transaction, a fee equal to 1 percent of the applicable transaction value. (d) In the case of an out-of-court restructuring, a restructuring fee in the amount of $1.5 million. (e) A financing fee equal to 1 percent of all gross proceeds from the issuance of new secured debt by the Debtors. (f) In the case of a sale, a sale fee in the amount of 1.25 percent of the transaction value for such sale. John Cesarz, a partner at Perella Weinberg Partners, disclosed in court filings that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: John Cesarz Perella Weinberg Partners LP 767 Fifth Avenue New York, NY 10153 Telephone: (212) 287-3200 About Nine Point Energy Nine Point Energy Holdings, Inc. -- https://ninepointenergy.com/ -- is a private exploration and production company focused on value creation through the safe, efficient development of oil and gas assets within the Williston Basin. Nine Point Energy Holdings, Inc., sought Chapter 11 protection (Bankr. D. Del. Case No. 21-10570) as the Lead Case, on March 15, 2021. The three affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code are Nine Point Energy, LLC (Bankr. D. Del. Case No. 21-10571), Foxtrot Resources, LLC (Case No. 21-10572), and Leaf Minerals, LLC (Case No. 21-10573). The cases are assigned to Judge Mary F. Walrath. In the petitions signed by Dominic Spencer, authorized signatory, the Debtors estimated assets and liabilities (on a consolidated basis) in the range $100 million to $500 million. The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Latham & Watkins LLP as counsel; AlixPartners LLP as financial advisor; Perella Weinberg Partners L.P. as investment banker; and Lyons, Benenson & Co., Inc. as compensation consultant. Stretto is the claims and noticing agent and administrative advisor. NINE POINT: Seeks to Tap Stretto as Administrative Advisor ---------------------------------------------------------- Nine Point Energy Holdings, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Stretto as administrative advisor. The firm will render these bankruptcy administrative services: a. assist with, among other things, legal noticing, claims management and reconciliation, plan solicitation, balloting, disbursements, and tabulation of votes, and prepare any related reports in support of confirmation of a Chapter 11 plan; b. process requests for documents from parties in interest; c. prepare an official ballot certification and, if necessary, testify in support of the ballot tabulation results; d. assist in the preparation of the Debtors' schedules of assets and liabilities and statements of financial affairs and gather data in conjunction therewith; e. provide a confidential data room, if requested; f. manage and coordinate any distributions pursuant to a Chapter 11 plan; and g. provide other bankruptcy administrative services. Prior to the petition date, the Debtors provided Stretto an advance in the amount of $10,000. Stretto will bill the Debtor no less frequently than monthly. The Debtors agreed to pay out-of-pocket expenses incurred by the firm. Sheryl Betance, a managing director at Stretto, disclosed in court filings that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Sheryl Betance Stretto 410 Exchange, Ste. 100 Irvine, CA 92602 Telephone: (714) 716-1872 Email: sheryl.betance@stretto.com About Nine Point Energy Nine Point Energy Holdings, Inc. -- https://ninepointenergy.com/ -- is a private exploration and production company focused on value creation through the safe, efficient development of oil and gas assets within the Williston Basin. Nine Point Energy Holdings, Inc., sought Chapter 11 protection (Bankr. D. Del. Case No. 21-10570) as the Lead Case, on March 15, 2021. The three affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code are Nine Point Energy, LLC (Bankr. D. Del. Case No. 21-10571), Foxtrot Resources, LLC (Case No. 21-10572), and Leaf Minerals, LLC (Case No. 21-10573). The cases are assigned to Judge Mary F. Walrath. In the petitions signed by Dominic Spencer, authorized signatory, the Debtors estimated assets and liabilities (on a consolidated basis) in the range $100 million to $500 million. The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Latham & Watkins LLP as counsel; AlixPartners LLP as financial advisor; Perella Weinberg Partners L.P. as investment banker; and Lyons, Benenson & Co., Inc. as compensation consultant. Stretto is the claims and noticing agent and administrative advisor. OMEGA SPORTS: Files for Chapter 11 Bankruptcy Protection -------------------------------------------------------- Trajan Warren of Triad Business Journal reports that Greensboro-based sporting goods chain Omega Sports has filed for Chapter 11 bankruptcy protection. Omega filed for bankruptcy on March 25, 2021, in the Western District of North Carolina's Charlotte Division. The filing listed 20 unsecured creditors, including two separate loans with Fidelity Bank of $771,000 and $673,848. Also, debts with athletic wear companies such as New Balance for $261,110, Under Armour for $225,620 and Adidas for $38,757 were listed in the filing. Omega estimated having a month cash inflow of $1,137,272 and a cash outflow of $1,167,232 for the five-week period of March 29 to May 5, 2021. The company said the sales forecast within cash collateral budget continues to be conservative due to the Covid-19 pandemic. It said it is expecting to outperform results as state-mandated restrictions are lifted and consumers' shopping behaviors change. Omega was founded by Phil Bowman and Thom Rock in 1978 in Greensboro and expanded throughout North Carolina. The sporting goods chain was purchased by Craig and Kristin Carlock in April 2017. Carlock was CEO of The Fresh Market before leaving the grocery chain in 2015. Messages left on Thursday and Friday with company officials and Charlotte attorney Andrew T. Houston, who is representing Omega in the bankruptcy case, were not returned. Omega, which had 14 stores as of April 2019, now has seven locations, including with three in the Triad. Before the bankruptcy filing, Omega closed stores in Cary, Durham, Burlington, Morrisville and Wilson. It still operates stores in Greensboro, Winston-Salem, High Point, Wilmington, Raleigh and Charlotte, where it has two stores. In 2017, after purchasing Omega Sports for an undisclosed amount, Carlock said it was a "great fit" for him after meeting the owner. He said he saw similarities in his background that would be relevant to running the sporting goods company. During his time as owner, no new Omega stores have opened. In 2019, Carlock talked about the chain maintaining during trying times. "I would just say we're hanging in there," he said in a 2019 interview with the Triad Business Journal. About Omega Sports Greensboro, North Carolina-based Omega Sports, Inc. -- https://www.omegasports.com/ -- manufactures and sells sporting goods, including apparel, footwear, and gear & accessories. The Company sought Chapter 11 protection (Bankr. W.D.N.C. Case No. 21-30160) on March 25, 2021. The petition was signed by Ronald Craig Carlock, Jr., owner/CEO. It estimated assets of between $1 million and $10 million and liabilities of between $1 million and $10 million The case is handled by Honorable Judge Laura T. Beyer. The Debtor tapped MOON WRIGHT & HOUSTON, PLLC, led by Andrew T. Houston, as counsel; and THE FINLEY GROUP as financial advisor. ONATAH FARMS: Wins Cash Collateral Access Thru May 1 ---------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Indiana, Fort Wayne Division, has authorized Onatah Farms, LLC and affiliates to use cash collateral on an interim basis in accordance with the budget through May 1, 2021. At the continued final hearing with regard to the issues raised by the Debtors' emergency motion to use cash collateral held on March 26, 2021, the parties advised the court the matter has been settled. The Debtor and First Financial Bank will file a motion to approve their agreement for adequate protection/use of cash collateral, which the court will consider following notice to creditors in accordance with its local rules. A status conference concerning the Debtor's ongoing use of cash collateral is scheduled for April 15 at 11 a.m. If the forthcoming motion to approve is granted, without objection, the status conference will be removed from the court's calendar. If objections are filed to the forthcoming motion, the court will hold a preliminary hearing concerning the motion and all objections thereto at the scheduled status conference. A copy of the order is available for free at https://bit.ly/3udpn3M from PacerMonitor.com. About Onatah Farms LLC Onatah Farms LLC and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ind. Lead Case No. 21-10091) on Feb. 3, 2021. Douglas Morrow, member, signed the petitions. At the time of filing, the Debtor disclosed assets of between $1 million and $10 million and liabilities of between $10 million and $50 million. Judge Robert E. Grant oversees the case. Overturf Fowler LLP and Steeplechase Advisors, LLC serve as the Debtors' legal counsel and financial advisor, respectively. PALM BEACH BRAIN: Taps Michael Moecker as Liquidating Agent ----------------------------------------------------------- Palm Beach Brain and Spine, LLC and its affiliates seek authority from the U.S. Bankruptcy Court for the Southern District of Florida to employ Michael Moecker & Associates to liquidate their remaining assets pursuant to their Chapter 11 plan. The firm will render these services: a. determine the terms on which assets comprising the Debtors' estates should be sold, liquidated or otherwise disposed of; b. collect and receive money and other property of whatsoever kind or nature due to, owing to or belonging to the Debtors; c. retain and set aside such funds out of the Debtors' estates as the liquidating agent shall deem necessary or expedient to pay, or provide for the payment of (i) administrative claims; (ii) then allowed claims pursuant to the plan; and (iii) any reserve amounts; d. perform any acts or things necessary or appropriate specifically related to the collection and compromise of the unsold receivables; e. cancel, terminate or amend any instruments, contracts or agreements relating to or forming a part of the Debtors' unsold receivables to the full extent permitted by such instruments or agreements; f. perform any act authorized, permitted or required under any instrument, contract, agreement or cause of action relating to or forming a part of the Debtors' unsold receivables; g. appear on behalf of the Debtors in any action, whether civil or criminal, at law or in equity, as may be brought by the Debtors or the estates in any court of jurisdiction and plead to, defend, settle or compromise such action in the manner deemed appropriate by the liquidating agent; h. deal in and with all accounts receivable, promissory notes and contracts which form a part of the Debtors' unsold receivables with full authority to retain agents for collection on terms and conditions deemed appropriate in the sole discretion of the liquidating agent, and to compromise, settle and otherwise deal in and with such assets as the liquidating agent shall deem appropriate; i. take all actions on behalf of the Debtors and the estates, including but not limited to, the preparation, execution and filing of documents required by a state or federal governmental authority, including the Internal Revenue Service; j. enter into consulting or employment arrangements to enable the liquidating agent to accomplish the purposes enumerated in the plan; k. make the distributions provided for in the plan; l. other duties as determined. The firm will be paid at the rate of $375 per hour. Philip J. von Kahle of Michael Moecker & Associates disclosed in a court filing that he and other members of the firm are "disinterested" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Philip Von Kahle Michael Moecker & Associates 1883 Marina Mile Blvd., Suite 106 Fort Lauderdale, FL 33315 Phone: (954) 252-1560 Email: info@moecker.com About Palm Beach Brain & Spine Palm Beach Brain & Spine -- http://www.pbbsneuro.com-- is a medical practice providing neurosurgery, minimally invasive spine surgery and treatment for cancer of the brain and spine. Palm Beach Brain & Spine and two affiliates, Midtown Outpatient Surgery Center, LLC and Midtown Anesthesia Group, LLC, filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 19-20831) on Aug. 15, 2019. Dr. Amos O. Dare, manager, signed the petitions. In its petition, Palm Beach Brain disclosed $13,412,202 in assets and $2,685,278 in liabilities. Midtown Outpatient disclosed $6,857,558 in assets and $2,920,846 in liabilities while Midtown Anesthesia disclosed $5,081,861 in assets. Dana L. Kaplan, Esq. and Craig I. Kelley, Esq., at Kelley Fulton & Kaplan, P.L., are the Debtors' bankruptcy attorneys. Eavenson Fraser Lunsford & Ivan, PLLC serves as special counsel. On Feb. 16, 2021, the Debtors filed their proposed Chapter 11 plan and disclosure statement. PELICAN FAMILY: Wins Cash Collateral Access on Interim Basis ------------------------------------------------------------ The U.S. Bankruptcy Court for the Eastern District of North Carolina, Wilmington Division, has authorized Pelican Family Medicine, P.A. to use cash collateral on an interim basis in accordance with the budget, with a 10% variance. The Debtor requires the use cash collateral for payment of its ongoing operating expenses and administrative claims incurred during the pendency of the case. The Court finds the Debtor's use of cash collateral is necessary for the Debtor's reorganization and in order to avoid immediate and irreparable harm to the estate pending a final hearing in that without such use the Debtor would be unable to continue to operate. The Debtor's income is derived from the provision of medical services to its patients and the collection of accounts receivable generated by the same. In order to maintain its existing business operations, the Debtor will be required to incur certain operating expenses, including but not limited to those for rent, insurance, utilities, medical supplies, payroll, communication and internet service, and professional fees. As of the Petition Date, the Debtor had accounts receivable with an estimated collectible value of $159,582. These creditors may assert a security interest in the Debtor's cash collateral: Scheduled Amount Creditor Owing to Creditor -------- ----------------- First Citizens Bank $207,208.95 Banker's Healthcare Group, LLC $86,259.56 Green Capital Funding, LLC $67,425 U.S. Small Business Administration $150,000 Business Capital Providers, Inc. $14,844 As adequate protection for the Debtor's use of cash collateral, the Creditors and any other entity with an interest in cash collateral will be allowed post-petition replacement liens on post-petition accounts receivable and their proceeds generated by the Debtor in the course of operating its business to the extent of any diminution in the value of the Creditor's interest in the Collateral post-petition. The liens created will be of the same extent, validity, priority, and perfection as any pre-petition lien of such Creditor in the Collateral. The Debtor does not waive, and expressly reserves for itself and its bankruptcy estate the right to challenge the validity and priority of the pre-petition liens or interests of the Creditors and any other entity claiming an interest in any property of the Debtor. A final hearing on the matter is scheduled for April 15, 2021 at 10 a.m. A copy of the Order and the Debtor's 30-day budget is available for free at https://bit.ly/3rH9mBq from PacerMonitor.com. The Debtor projects $184,603 in total expenses and $189,086 in gross revenues in a 30-day period. About Pelican Family Medicine, P.A. Pelican Family Medicine, P.A. is a family practice physician in Wilmington, North Carolina. It sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 21-00582) on March 15, 2021. In the petition signed by Mark Thomas Armitage, president, the Debtor disclosed $242,677 in assets and $1,545,287 in liabilities. Judge Stephani W. Humrickhouse oversees the case. Algernon L. Butler, III, Esq. at BUTLER & BUTLER, LLP is the Debtor's counsel. PORCIER-MILLER: Seeks to Hire Long and Foster as Listing Agent -------------------------------------------------------------- Porcier-Miller LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to hire Long and Foster Real Estate as its listing agent. The Debtor needs the firm's services to list and market its real property located at 8746 Brook Road, McLean, Va. The firm will receive a 5 percent commission on the gross sales price of the property. Barak Sky of Long and Foster Real Estate disclosed in a court filing that the firm is a disinterested person within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: Barak Sky Long and Foster Real Estate 7700 Old Georgetown Rd Ste 120 Bethesda, MD 20814 Direct Office: 240-497-1700 Mobile: 301-742-5759 Email: BARAK.SKY@lnf.com About Porcier-Miller LLC Porcier-Miller, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Case No. 20-11728) on July 28, 2020. At the time of filing, the Debtor had between $1 million and $10 million in both assets and liabilities. Christopher S. Moffitt, Esq., at the Law Offices of Christopher S. Moffitt, serves as the Debtor's legal counsel. QEP RESOURCES: Moody's Withdraws B2 Corp. Family Rating ------------------------------------------------------- Moody's Investors Service has withdrawn all of QEP Resources, Inc.'s ratings, including the company's B3 senior unsecured notes rating. This concludes the ratings review on QEP that was initiated on December 21, 2020. Withdrawals: Issuer: QEP Resources, Inc. Probability of Default Rating, Withdrawn , previously rated B2-PD Speculative Grade Liquidity Rating, Withdrawn , previously rated SGL-3 Corporate Family Rating, Withdrawn , previously rated B2 Senior Unsecured Notes, Withdrawn , previously rated B3 (LGD4) Outlook Actions: Issuer: QEP Resources, Inc. Outlook, Changed To Rating Withdrawn From Rating Under Review RATINGS RATIONALE Diamondback Energy, Inc. (Ba1 positive) completed the acquisition of QEP on March 16, 2021, and on April 1, Diamondback indicated that $1.55 billion principal amount of the QEP Notes, representing approximately 96.68% of the outstanding QEP Notes had been tendered pursuant to a tender offer and consent solicitation that was initiated on March 4, 2021. Moody's has decided to withdraw QEP's ratings, including the ratings on the notes that remain outstanding, because it believes it will have insufficient or otherwise inadequate information to support the maintenance of ratings on QEP. Diamondback has not guaranteed QEP's remaining notes and QEP will not produce standalone audited financial statements going forward following the consent solicitation that eliminated financial reporting requirements for QEP. QEP Resources, Inc. (QEP) is a wholly-owned subsidiary of Diamondback Energy, Inc, and has operations in Texas and North Dakota. Moody's has decided to withdraw the ratings because it believes it has insufficient or otherwise inadequate information to support the maintenance of the ratings. RANCHO DESTINO: Taps Berkshire Hathaway as Real Estate Agent ------------------------------------------------------------ Rancho Destino Inv, LLC seeks approval from the U.S. Bankruptcy Court for the District of Nevada to hire Berkshire Hathaway Home Services Nevada Properties. The Debtor requires a real estate agent to list its property located at 8835 Rancho Destino Road, Las Vegas; arrange for prospective buyers to view the property; and coordinate the transfer or sale of the property to the new owner. Stephanie Salazar is the firm's real estate agent tapped to provide the services. She will get 6 percent of the gross sales price of the property and a flat fee of $595 for her services. In a court filing, Ms. Salazar disclosed that she is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. Ms. Salazar can be reached at: Stephanie Salazar Berkshire Hathaway Home Services Nevada Properties 3185 Saint Rose Pkwy. Ste. 100 Henderson, NV 89052 Phone: 702-458-8888 Fax: 702-458-5276 About Rancho Destino Inv Rancho Destino Inv, LLC sought Chapter 11 protection (Bankr. D. Nev. Case No. 21-10057) on Jan. 7, 2021. Mathieu Serre, owner and manager, signed the petition. At the time of the filing, the Debtor had between $100,001 and $500,000 in both assets and liabilities. The Debtor tapped Seth D. Ballstaedt, Esq., at Ballstaedt Law Firm, as its legal counsel. RED SKY AG: Unsecureds to be Paid in Full from Farming Operations ----------------------------------------------------------------- Red Sky AG, LLC, filed with the U.S. Bankruptcy Court for the Southern District of Georgia, Statesboro Division, a Disclosure Statement describing Plan of Reorganization on April 1, 2021. The Plan's primary objective is to provide for the continuation of the Reorganized Debtor's business and to satisfy the allowed claims of creditors. Class 1 consists of the 4 Allowed Secured Claims of Glennville Bank. The Bank's claims shall be paid in full as provided in the Consent Order, and Debtor shall comply with all other terms and conditions set forth in the Consent Order. The Consent Order shall remain in full force and effect until the Bank's claims have been paid in full, and nothing in this Plan shall be construed to alter or amend the Consent Order in any manner. The Class 1 creditor is impaired and is therefore entitled to vote to accept or reject the Plan. Class 3 consists of the Allowed Secured Claims of Toyota Industries Commercial Finance, Inc. in the total combined amount of $48,000.00. The Class 3 Creditor will retain its security interests in the 5 forklifts and will be paid the full amount of its claim without interest in 6 monthly installment payments of $6,855.00 each. Class 4 consists of the Allowed Judicial Lien Claims of Nutrien AG Solutions, Inc., f/k/a Crop Productions Services, Inc., in the amount of $128,231.22, and $56,864.92, respectively. Satisfaction of the Claims of the Class 4 Creditor shall be in accord with the terms and conditions of that certain Forbearance Agreement dated March 12, 2020, between Michael C. Hively, Debtor's sole member and Co-Debtor, and the Class 4 Creditor. Class 6 consists of general unsecured creditors whose allowed claims are $1,500.00, or less. The Claims of the Class 6 creditors shall be paid in full, without interest, on the Effective Date. Class 7 consists of those Creditors whose Allowed NonContingent Unsecured Claims are greater than $1,500.00. The Claims of the Class 7 Creditors as finally allowed shall be paid in full, with interest at the rate of 4.25% per annum. The Allowed Claims of the Class 7 total $691,310.77. On or before August 31, 2021, each Class 7 Creditor will receive a dividend payment equal to 10% of its Allowed Claim. Each Class 7 Creditor will receive the remaining 90% of its Allowed Claim in 3 annual installments beginning August 31, 2022 concluding August 31, 2024. Each installment will be equal to 30% of the balance remaining (including interest), after the original ten 10% payment. The money necessary for the Reorganized Debtor to make payments pursuant to the Plan will come from the commercial farming operations of the Reorganized Debtor. A full-text copy of the Disclosure Statement dated April 1, 2021, is available at https://bit.ly/31JVhZA from PacerMonitor.com at no charge. The Debtor is represented by: James L. Drake, Jr. James L. Drake, Jr. PC P.O. Box 9945 Savannah, GA 31412 Tel: (912) 790-1533 About Red Sky Ag Red Sky Ag, LLC, a privately held company in the vegetable and melon farming industry, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ga. Case No. 19-60501) on Dec. 25, 2019. At the time of the filing, the Debtor disclosed assets of between $1 million and $10 million and liabilities of the same range. Judge Edward J. Coleman III oversees the case. James L. Drake Jr. PC is the Debtor's legal counsel. REDSTONE BUYER: Moody's Affirms B2 CFR on Recapitalization ---------------------------------------------------------- Moody's Investors Service affirmed Redstone Buyer LLC's (RSA Security) ratings including the Corporate Family Rating at B2. Moody's also assigned a B1 rating to the proposed first lien debt facilities and Caa1 rating to the proposed second lien debt. The outlook was revised to negative from stable. The ratings on the existing debt will be withdrawn upon closing full repayment at closing. The negative outlook reflects the increase in debt to fund a recapitalization shortly after spinning off from Dell and implementing a significant operational restructuring. The incremental debt will keep leverage at elevated levels for longer than Moody's had anticipated at the time of the Dell separation. A group of private equity investors led by Symphony Technology Group acquired RSA from Dell in September 2020. The recapitalization is being funded by the new debt as well as an equity investment from Clearlake Capital Group. Proceeds from the new equity and incremental debt will be used to fund a distribution to existing shareholders. Clearlake will become a significant shareholder at close of the transaction. As a result of the recapitalization transaction, pro forma leverage will increase to around 6.5x based on estimated FYE January 2020 results, excluding one-time transaction costs and giving full year credit for cost actions taken. Excluding the cost action adjustments, leverage is over 8x. RATINGS RATIONALE RSA's B2 CFR is driven by the high adjusted debt leverage and large restructuring underway. The ratings are supported by RSA's leading position across various enterprise cybersecurity and risk management software markets and favorable demand drivers in the security software industry. RSA has been updating and modernizing its platforms including its cloud security capabilities over the past several years after falling behind several of its competitors. Though the company has made significant progress in new product development, the competitive environment remains challenging and continued investment is likely required to further grow the business. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The negative outlook reflects Moody's concerns about the increase in debt while still in the midst of separating from Dell and restructuring the business, as well as uncertainty around the pace of deleveraging. The negative outlook also reflects the limited financial information since separating from Dell in September 2020. The ratings could be upgraded if RSA demonstrates consistent revenue growth, maintains or improves market share, sustains leverage below 5x (including Moody's adjustments) while producing free cash flow to debt above 10%. The ratings could be downgraded if performance deteriorates as a result of the separation or restructuring plan, leverage remains over 7x (including Moody's adjustments) on other than a temporary basis, cash flow to debt is not on track to improve to 5% by FY 2022 (FYE January), or liquidity otherwise deteriorates. The ratings could also be downgraded as a result of additional debt funded distributions or debt funded acquisitions. Liquidity is good based on an expected $122 million of cash at closing of the transaction and an undrawn $175 million revolver. Following the recapitalization, RSA will be owned by a consortium of private equity firms led by STG and Clearlake Capital Partners and is not expected to have an independent Board of Directors. Moody's expects RSA will have aggressive financial practices as demonstrated by the high leverage used in the recapitalization. The following ratings were affected and assigned: Affirmations: Issuer: Redstone Buyer LLC (RSA Security) Corporate Family Rating, Affirmed B2 Probability of Default Rating, Affirmed B2-PD Assignments: Issuer: Redstone Buyer LLC (RSA Security) Gtd Senior Secured 1st Lien Term Loan, Assigned B1 (LGD3) Gtd Senior Secured 1st Lien Delayed Draw Term Loan, Assigned B1 (LGD3) Gtd Senior Secured 1st Lien Revolving Credit Facility, Assigned B1 (LGD3) Gtd Senior Secured 2nd Lien Term Loan, Assigned Caa1 (LGD6) Outlook Actions: Issuer: Redstone Buyer LLC (RSA Security) Outlook, Changed To Negative From Stable The first lien debt is rated B1, one notch above the CFR reflecting the instrument's senior most position in the capital structure. The second lien debt is rated Caa1, two notches below the CFR reflecting the debt's junior most position in the capital structure. The proposed secured debt facilities has flexibility that could be detrimental to lenders, including a provision for incremental first lien secured facilities up to the greater of $344 million or 1x company defined EBITDA (with additional non disclosed baskets) and provisions for additional debt based on certain leverage and interest coverage tests. Asset sale proceeds are required to pay down debt with step downs based on a leverage based test with 18 month reinvestment provisions but subject to exclusion baskets that have not been fully disclosed. Restricted payments are permitted based on leverage tests, certain assets sale proceeds or other baskets that have not been fully disclosed. RSA Security is an enterprise security software company with an estimated $877 million of revenue for the fiscal year ended January 31, 2021. The company was acquired by STG from Dell in September 2020. The principal methodology used in these ratings was Software Industry published in August 2018. RELIANCE INDUSTRIES: Oil-to-Chemicals Spinoff Okayed ---------------------------------------------------- Debjit Chakraborty of Bloomberg News reports that creditors and equity shareholders of Reliance Industries Ltd. have approved carving out its oil-to-chemicals operation into an independent unit, the company owned by billionaire Mukesh Ambani said in exchange filings. While 100% of its secured creditors approved the spin off, 99.99% of the unsecured creditors and equity shareholders voted in favor of the reorganization, it said in separate notices on Friday, April 2, 2021, evening. Reliance received the approvals through electronic voting and video conferencing last March 2021. In February 2021, Reliance Industries said it started carving out its oil-to-chemicals operation with a $25 billion loan from the parent. About Reliance Industries Reliance Industries Ltd -- http://www.ril.com/-- is the largest private-sector company in India. It is involved in the oil refining, petrochemical, gas, retail and textile businesses and boasts consolidated sales of more than $60 billion. It is a core unit of Reliance Group, which ranks alongside Tata and Birla among the country's major conglomerates. Reliance Group was founded by Dhirubhai Ambani, who went into business in the 1950s. The company expanded into textiles in the 1960s and entered the petrochemical sector in the 1980s, amassing a fortune for Ambani. After Ambani died in 2002, his sons Mukesh, the eldest, and Anil had a row over corporate policy. The group was divided in 2005 as Mukesh took over the petrochemical and textile operations while Anil took charge of the financial and telecommunications segments. Mukesh leads Reliance Industries as chairman and expanded its operations by pushing into retail and telecommunications services. Mukesh, his family and group companies own nearly 40% in Reliance Industries. REMARK HOLDINGS: Incurs $13.7 Million Net Loss in 2020 ------------------------------------------------------ Remark Holdings, Inc. filed with the Securities and Exchange Commission its Annual Report on Form 10-K disclosing a net loss of $13.68 million on $10.14 million of net revenue for the year ended Dec. 31, 2020, compared to a net loss of $25.61 million on $5.02 million of net revenue for the year ended Dec. 31, 2019. As of Dec. 31, 2020, the Company had $11.31 million in total assets, $20.40 million in total liabilities, and a total stockholders' deficit of $9.09 million. Los Angeles, California-based Weinberg & Company, the Company's auditor since 2020, issued a "going concern" qualification in its report dated March 31, 2021, citing that the Company has suffered recurring losses from operations and negative cash flows from operating activities and has a negative working capital and a stockholders' deficit that raise substantial doubt about its ability to continue as a going concern. Management Commentary "After a challenging start to 2020 with COVID-19 lockdowns in both China and the United States, we saw significant positive momentum in our second half, and in particular, the fourth quarter. For the fourth quarter we reported nearly $5.0 million in revenue, representing more than ten times the $0.4 million recorded in the fourth quarter of 2019," noted Kai-Shing Tao, chairman and chief executive officer of Remark Holdings. "Demand for our AI solutions came from schools, retail outlets, bank branches, and corporate facilities and we expect demand momentum, particularly in the United States, to carry forward into 2021. Additionally, during the quarter we expanded channel partnerships which provide additional opportunities for a further acceleration of growth in 2021." "After doubling revenue in 2020, we are forecasting that we can further accelerate growth in 2021 by continuing to execute projects and bringing in new AI-driven opportunities. Our pipeline of domestic business opportunities is growing dramatically, and we plan to add additional channel partnerships in order to leverage our award winning software. Finally, we plan to fortify our balance sheet through a partial monetization of our stake in Sharecare in our second quarter to fund the many opportunities we are currently pursuing," concluded Mr. Tao. A full-text copy of the Form 10-K is available for free at: https://www.sec.gov/ix?doc=/Archives/edgar/data/1368365/000136836521000017/mark-20201231.htm About Remark Holdings Remark Holdings, Inc. (NASDAQ: MARK) -- http://www.remarkholdings.com-- delivers an integrated suite of AI solutions that enable businesses and organizations to solve problems, reduce risk and deliver positive outcomes. The company's easy-to-install AI products are being rolled out in a wide range of applications within the retail, financial, public safety and workplace arenas. The company also owns and operates digital media properties that deliver relevant, dynamic content and ecommerce solutions. The company is headquartered in Las Vegas, Nevada, with additional operations in Los Angeles, California and in Beijing, Shanghai, Chengdu and Hangzhou, China. RENAISSANCE RESTORATIONS: Seeks to Tap Schafer & Weiner as Counsel ------------------------------------------------------------------ Renaissance Restorations, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Michigan to employ Schafer and Weiner, PLLC to handle its Chapter 11 case. The hourly rates of Schafer and Weiner's counsel and staff are as follows: Daniel J. Weiner $485 Michael E. Baum $485 Howard M. Borin $395 Joseph K. Grekin $395 Leon N. Mayer $320 Kim K. Hillary $345 John J. Stockdale $375 Jeffery J. Sattler $330 Brandi M. Dobbs $280 Legal Assistant $160 Michael Baum, Esq., a memberof Schafer and Weiner, disclosed in a court filing that the firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: Michael E. Baum, Esq. Kim K. Hillary, Esq. Schafer and Weiner, PLLC 40950 Woodward Ave., Ste. 100 Bloomfield Hills, MI 48304 Telephone: (248) 540-3340 Email: khillary@schaferandweiner.com About Renaissance Restorations Renaissance Restorations Inc., a Birmingham, Mich.-based company that provides residential building construction services, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mich. Case No. 21-42600) on March 26, 2021. Jamie D. Craig, owner and president, signed the petition. At the time of the filing, the Debtor disclosed less than $50,000 in assets and $1 million to $10 million in liabilities. Judge Thomas J. Tucker oversees the case. Schafer and Weiner, PLLC serves as the Debtor's legal counsel. RIOT BLOCKCHAIN: Incurs $12.7 Million Net Loss in 2020 ------------------------------------------------------ Riot Blockchain, Inc. filed with the Securities and Exchange Commission its Annual Report on Form 10-K disclosing a net loss of $12.67 million on $12.08 million of total revenue for the year ended Dec. 31, 2020, compared to a net loss of $20.30 million on $6.84 million of total revenue for the year ended Dec. 31, 2019. As of Dec. 31, 2020, the Company had $280.15 million in total assets, $3.07 million in total liabilities, and $277.07 million in total stockholders' equity. At Dec. 31, 2020, the Company had working capital of approximately $233.9 million, which included cash and cash equivalents of $223.4 million. The 2020 net loss included $12.0 million in non-cash items consisting of the impairment of our investment in Coinsquare of $9.4 million, depreciation and amortization totaling $4.5 million, stock-based compensation totaling $3.4 million, impairment to its cryptocurrencies of $1.0 million, and amortization of its right of use assets of $0.4 million, offset by a $5.2 million realized gain on the sale/exchange of cryptocurrencies, $1.4 million for the reversal of its accrual for the registration rights penalty, and amortization of its license revenue of $0.1 million. Subsequent to Dec. 31, 2020, the Company received gross proceeds of approximately $84.8 million from the sale of approximately 4.4 million shares of common stock via the 2020 ATM Offering. A full-text copy of the Form 10-K is available for free at: https://www.sec.gov/ix?doc=/Archives/edgar/data/1167419/000107997321000221/riot10k1220.htm About Riot Blockchain Headquartered in Castle Rock, Colorado, Riot Blockchain -- http://www.RiotBlockchain.com-- specializes in cryptocurrency mining with a focus on bitcoin. Riot also holds non-controlling investments in blockchain technology companies. The Company's mining facility is located in Oklahoma City. RT DEVELOPMENT: U.S. Trustee Unable to Appoint Committee -------------------------------------------------------- The U.S. Trustee for Region 16 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of RT Development, LLC. About RT Development RT Development, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 21-10292) on Feb. 22, 2021. At the time of the filing, the Debtor disclosed assets of between $1 million and $10 million and liabilities of the same range. Judge Victoria S. Kaufman oversees the case. Resnik Hayes Moradi, LLP is the Debtor's legal counsel. S-TEK 1 LLC: Wins Cash Collateral Access Thru May 31 ---------------------------------------------------- The U.S. Bankruptcy Court for the District of New Mexico entered a Stipulated Order authorizing S-Tek 1, LLC to use cash collateral on an interim basis through May 31, 2021 in accordance with the budget. Surv-Tek, Inc. is a non-insider creditor that holds, claims, or may assert liens against the cash collateral by operation of a security agreement dated December 28, 2018, with the Debtor. Pursuant to the order, the Debtor is authorized to use cash collateral to pay: a. actual and necessary post-petition business and administrative expenses of the Debtor, in the amounts not to exceed 110% of the line-item amount set forth on the Budget, except that payments to S-Tek's licensed surveyor may not exceed 150% of the budgeted amount; b. other ordinary operating expenses and additional amounts for budgeted expenses as the subchapter V trustee may, after consultation with Surv-Tek, approve in writing; c. any additional amounts for post-petition taxes, unemployment taxes, and New Mexico CRS taxes that become due; and d. any other amounts approved by Surv-Tek in writing or permitted by further order of the Court. As adequate protection, Surv-Tek will continue to have a security interest in, and the Debtor's obligations to Surv-Tek will be secured by, a security interest in all assets in which Surv-Tek had a lien or security interest as of the Petition Date, and proceeds thereof, in the same lien priority that existed at that time, which will be subject to the same defenses and avoidance powers (if any) as existed on the Petition Date. Surv-Tek is granted a lien in the property of the same type in which Surv-Tek held a lien on the Petition Date that Debtor acquires postpetition to the extent the combined value of Debtor's accounts receivable, cash on deposit, cash on hand and other cash equivalents. The Replacement Lien will have the same lien priority, be deemed perfected, and be subject to the same defenses and avoidance powers (if any), as existed on the Petition Date with respect to the Prepetition Collateral without further filing or recording under any applicable law. To the extent the Cash Collateral falls below $236,442 on the last day of any calendar month, Debtor will be required, by the 15th of the following month, to either (1) pay Surv-Tek the difference as adequate protection for the diminution in the value of Surv-Tek's interest in Cash Collateral; or (2) file a report by the 15th with supporting documentation showing that the Cash Collateral has been restored to at least $236,442. The Debtor will be in default of its authority to use cash collateral if: (i) the Debtor fails to comply in a material respect with any requirements of this Order and, if such failure is curable, it is not cured within 10 days' written notice to Debtor's counsel, Nephi D. Hardman, Esq., sent via email to nephi@turnaroundbk.com, and Debtor does not within that time file a motion with the Court to contest the alleged default; or (ii) the case is converted to a case under Chapter 7 without the consent of Surv-Tek. Surv-Tek is allowed to waive any default. A copy of the order and the Debtor's two-month budget is available for free at https://bit.ly/3wkm0Ka from PacerMonitor.com. The Debtor projects $124,000 in total cash available against $102,540 in total expenses for the month of April and $117,460 in total cash available against $102,540 in total expenses for the month of May. About S-Tek 1, LLC S-Tek 1 LLC, also known as SurvTek -- https://www.survtek.com -- is a land surveying and consulting firm providing services to both the private and public sectors throughout New Mexico. It is based in based in Albuquerque, N.M. S-Tek 1, filed a Chapter 11 petition (Bankr. D.N.M. Case No. 20-12241) on Dec. 2, 2020. In its petition, the Debtor disclosed $355,177 in assets and $2,251,153 in liabilities. Randy Asselin, managing member, signed the petition. Judge Robert H. Jacobvitz presides over the case. The Debtor tapped Nephi D. Hardman Attorney at Law, LLC as its bankruptcy counsel and FPM & Associates, LLC as its accountant. SANDWICH ISLES: FCC Lawsuit Belongs in DC Circuit, Says Fed. Circ. ------------------------------------------------------------------ Law360 reports that the Federal Circuit has affirmed the U.S. Court of Federal Claims' decision that the trial court doesn't have jurisdiction to resolve a bankrupt Hawaiian telecom's, Sandwich Isles Communications, bid to recoup $200 million in funds pulled by the Federal Communications Commission. In an 18-page precedential opinion Thursday, April 1, 2021, a three-judge panel ruled that the D. C. Circuit is the correct venue for Sandwich Isles Communications Inc. to challenge an FCC order that cut off funding for a project to provide better wireless service for those living in the Hawaiian homelands. About Sandwich Isles Communications Sandwich Isles Communications, Inc. (SIC) is a rural telephone company founded in 1995 in Honolulu, Hawaii. The Company provides landline telephone and lifelink services. Sandwich Isles Communications serves clients in the United States. SLIM DOLLAR: Plan to be Funded by $5,600 Monthly Rent of Bryant --------------------------------------------------------------- Slim Dollar Realty Associates, LLC submitted an Amended Disclosure Statement pertaining to its Amended Plan of Reorganization dated April 1, 2021. The Debtor values the real estate at 19 Woodhill Hooksett Road, Bow, NH at approximately $676,000. The Debtor believes that the first mortgage holder is adequately protected by the value of the real estate. Charles Sargent, Jr., currently does not have employment. He has had interests in other limited liability companies that have had to file bankruptcy. There have also been foreclosures on other real estate in which he has been an owner individually. As a result of his having to deal with these other financial matters in and out of court and his lack of employment, he was unable to continue the monthly mortgage payments to the first mortgage holder. Class 3 Tax Claims are those claims due the local tax authority. The Debtor owes the Town of Bow for real estate taxes due repetition. The Debtor owes a total amount of $36,246.41 as of March 31, 2021 for real estate taxes due the Town of Bow. The Debtor anticipates paying the outstanding taxes due the Town of Bow in full over a period not later than 5 years after the Petition Date of August 28, 2020. The monthly payment will be $800 a month. The Interest rate is calculated at 8% percent for taxes that are delinquent and 14% percent on Liens for all taxes assessed as of April 1st 2019. The Debtor has entered into an agreement with the Town of Bow for payment of the real estate tax arrearage to pay $800 a month. The first payment will start 30 days after confirmation. The Debtor intends to pay $6,400 as a first payment and then each month thereafter $800.00 a month. The final payment to the Town of Bow will be a balloon payment for the remaining outstanding prepetition taxes. Class 4 consists of the secured claim of Peter W. Horne Revocable Trust which holds a first mortgage recorded on Nov. 2, 2018 in Book 3613, Page 2329 of the Merrimack County Registry of Deeds in the amount of $616,478. This secured claim will be allowed. The Debtor proposes paying a monthly mortgage payment of $3,899.00 to the Peter Horne Revocable Trust. The Debtor also plans on rewriting the terms of the mortgage and note with the Peter Horne Revocable Trust whereby the Trust will have a mortgage in the amount of $676,000 at 2% percent interest for 60 months amortized over 30 years. The Debtor will continue to own the real estate at 19 Woodhill Hooksett Road, Bow, New Hampshire. Charles Sargent, Jr. will continue to manage the Debtor's property following confirmation. The Lease provides that the Lessor is responsible for collecting the monthly rent payments, and the capital improvements as well as structure and structural improvements. The Lease becomes effective on the date of confirmation of the Debtor's Plan. The Lease provides that the Lessee shall make the monthly lease payments to the Debtor which shall cover the monthly mortgage payment, taxes and insurance as well as the monthly plan payment to the Town of Bow tax collector. The Lease becomes effective on the date of confirmation of the Debtor's Plan. Upon confirmation, the monthly rent payable to the Debtor will increase to $5,600.00 a month. The Debtor will implement this Plan through the monthly rent received and from income received by the Debtor's principal Charles Sargent, Jr., when he obtains employment. The increased monthly rent will allow the Debtor to continue the mortgage payment and real estate tax payments and continue to own and manage the real estate. The Debtor's Plan will be funded through the monthly rent payments of Hayley Bryant who resides at the Bow, New Hampshire property. Upon confirmation, Hayley Bryant shall enter into a 5 year lease to continue to reside at the property for a monthly payment of $5,600.00 per month. Hayley Bryant is employed by Sanborn, Head & Associates in Concord, New Hampshire in their marketing department. She earns $75,000.00 at this job. Hayley Bryant also has a wedding photography business from which she generates approximately $60,000.00 income per year. Her income is sufficient to cover the monthly rent payments to the Debtor which in turn, will be used to make the monthly plan payments. Like in the prior iteration of the Plan, the Debtor anticipates a dividend payment of 5 percent for these unsecured mortgage creditor's claims to be paid in sixty monthly installments to be paid on the first of each month commencing 30 days after confirmation. A full-text copy of the Amended Disclosure Statement dated April 1, 2021, is available at https://bit.ly/3dxXUTL from PacerMonitor.com at no charge. The Debtor is represented by: Eleanor Wm. Dahar, Esq. Victor W. Dahar, P.A. 20 Merrimack Street Manchester, NH 03101 Phone: (603) 622-6595 About Slim Dollar Realty Associates Slim Dollar Realty Associates, LLC is a single asset real estate (as defined in 11 U.S.C. Section 101(51B)). Its principal assets are located at 19 Woodhill Hooksett Road Bow, N.H. Slim Dollar Realty Associates filed a voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr. D.N.H. Case No. 20 10761) on Aug. 24, 2020. Charles R. Sargent, Jr., manager, signed the petition. At the time of filing, the Debtor estimated $500,000 to $1 million in assets and $1 million to $10 million in liabilities. Judge Bruce A. Harwood oversees the case. Victor W. Dahar, P.A. serves as Debtor's legal counsel. TERRY J. LEMONS: Seeks to Tap Rountree Leitman & Klein as Counsel ----------------------------------------------------------------- Terry J. Lemons, DDS, PC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Rountree Leitman & Klein, LLC as its legal counsel. Rountree Leitman & Klein will render these legal services: (a) advise the Debtor regarding its powers and duties in the management of its property; (b) prepare legal papers; (c) examine claims of creditors; (d) assist with the formulation and preparation of the disclosure statement and plan of reorganization and with the confirmation and consummation thereof; and (e) perform all other legal services necessary to administer the Debtor's Chapter 11 case. The standard hourly rates of the firm's attorneys and other personnel who will undertake this representation are as follows: William A. Rountree, Attorney $495 Hal Leitman, Attorney $425 David S. Klein, Attorney $425 Alexandra Dishun, Attorney $425 Benjamin R. Keck, Attorney $425 Alice Blanco, Attorney $350 Elizabeth A. Childers, Attorney $350 Taner Thurman, Attorney $275 Logan Kirkes, Law clerk $195 Sharon M. Wenger, Paralegal $195 Megan Winokur, Paralegal $150 Catherine Smith, Paralegal $150 Yasmi Alamin, Paralegal $150 The firm held a total security retainer of $25,162.65 in its trust. Benjamin Keck, Esq., a partner at Rountree Leitman & Klein, disclosed in a court filing that the firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: Benjamin R. Keck, Esq. Rountree Leitman & Klein, LLC Century Plaza I 2987 Clairmont Road, Suite 175 Atlanta, GA 30329 Telephone: (404) 584-1238 Facsimile: (404) 704-0246 Email: bkeck@rlklawfirm.com About Terry J. Lemons DDS PC Terry J. Lemons DDS, PC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 21-20344) on Mar. 29, 2021, listing under $1 million in both assets and liabilities. Rountree Leitman & Klein, LLC serves as the Debtor's counsel. THOMAS-CEBO: Unsecureds to Receive Up to 100% from Sale Proceeds ---------------------------------------------------------------- Thomas-Cebo, LLC, filed with the U.S. Bankruptcy Court for the Middle District of Tennessee at Nashville a Disclosure Statement describing Original Chapter 11 dated April 1, 2021. The Debtor is a limited liability company was formed and acquired title to real property located at 2517 Central Valley, Murfreesboro, TN., for business known as the Wartrace Hotel and also known as Walking Horse Haunted Hotel. The management of the Debtor was excited to find this property, which had been previously liquidated in an unrelated bankruptcy proceeding. They thought that the property had been purchased below market. When the lender on the real estate threatened foreclosure, this petition was filed. This is a liquidation plan. In other words, the Proponent seeks to accomplish payments under the Plan by using Debtor's income. The Effective Date of the proposed Plan is 45 days after confirmation. The Debtor managed its own affairs prior to the bankruptcy and will continue to manage its affairs after the bankruptcy. The Debtor is managed by Robert Mullin, Jr., who holds a 100% interest in the company. During the pendency of the bankruptcy proceeding, Mr. Mullin has not received any compensation from the Debtor due to the Debtor not generating any income. Class 3-A consists of the secured claim of William Wood, Trustee. The Debtor shall sell the property within six months of the Effective Date pursuant to an 11 U.S.C. Sec. 363 sale of the property or the property will be surrendered. Class 3-B consists of the secured claim of William Wood, Trustee. The Debtor shall sell the property within six months of the Effective Date pursuant to an 11 U.S.C. Sec. 363 sale of the property or the property will be surrendered. Class 3-C consists of the secured claim of Alliance Laundry System, LLC. The Debtor shall sell the property within six months of the Effective Date pursuant to an 11 U.S.C. Sec. 363 sale of the property or the property will be surrendered. Class 4 consists of general unsecured claims in the amount of $240,000. This Class shall be paid out up to 100% out of the claims out of available net proceeds, if any, from the sale of the real property owned by the Debtor within 12 months of the Effective Date or the property will be surrendered. The interest rate is 0%. Interest holders will maintain all stock. The Plan will be funded by the proceeds from the sale of real property. A full-text copy of the Disclosure Statement dated April 1, 2021, is available at https://bit.ly/3miqiNR from PacerMonitor.com at no charge. About Thomas-Cebo LLC Thomas-Cebo, LLC, is a limited liability company formed in Tennessee on or about 2017 to provide real estate space for business known as the Wartrace Hotel and also known as Walking Horse Haunted Hotel. Thomas-Cebo filed a Chapter 11 petition (Bankr. M.D. Tenn. Case No. 21-00127) on Jan. 14, 2021. Counsel to the Debtor: STEVEN L. LEFKOVITZ 618 Church Street, Suite 410 Nashville, TN 37219 Phone: (615) 256-8300 Fax: (615) 255-4516 E-mail: slefkovitz@lefkovitz.com TRI-STATE PAIN INSTITUTE: Parties Agree to Convenience Class ------------------------------------------------------------ In the Chapter 11 case of Tri-State Pain Institute, LLC, a hearing was held March 25, 2021, on approval of the Disclosure Statement to Accompany Plan Dated Feb. 15, 2021, filed by the Debtor. At the hearing, the Court addressed the objections filed by Wells Fargo, TIAA, the Small Business Administration, and the Official Committee of Unsecured Creditors. The objecting parties all agreed that the creation of a convenience class would solve the issues relating to payments of unsecured creditors. The Court also stressed upon the Debtor the need for the amended disclosure statement to include details regarding the potential for Wells Fargo to exercise a credit bid at the sale hearing. The Court will therefore allow additional time for an Amended Plan and related documents to be filed in accordance with the modifications discussed at the March 25 hearing. For the reasons stated at the March 25 hearing, the Court ordered that: (1) The Debtor's Chapter 11 Plan of Reorganization Dated Feb. 15, 2021, Disclosure Statement to Accompany Plan Dated Feb. 15, 2021, and Summary of Debtor's Chapter 11 Plan Dated Feb. 15, 2021, are DISMISSED without prejudice. (2) On or before April 1, 2021, the Debtor shall file an Amended Chapter 11 Plan, Amended Chapter 11 Disclosure Statement, and Amended Chapter 11 Plan Summary. About Tri-State Pain Institute Tri-State Pain Institute, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Cas No. 20-10049) on Jan. 23, 2020. At the time of the filing, the Debtor had estimated assets of between $500,001 and $1 million and liabilities of between $1,000,001 and $10 million. Judge Thomas P. Agresti oversees the case. The Debtor tapped Marsh, Spaeder, Baur, Spaeder, and Schaaf, LLP, as the legal counsel and Coldwell Banker Select, Realtors as real estate broker. On Feb. 14, 2020, the U.S. Trustee for Regions 3 and 9 appointed a Committee of unsecured creditors in the Debtor's Chapter 11 case. The Committee is represented by Knox, McLaughlin, Gornall & Sennett, P.C. TRI-STATE PAIN: Unsecureds Owed $20K+ to Get $15K in 60 Months -------------------------------------------------------------- Tri-State Pain Institute, LLC, submitted an Amended Disclosure Statement to accompany its Amended Plan dated April 1, 2021. Efforts at sale have resulted in an offer from Joseph C. Kramer to purchase the main building at 2374 Village Common Drive and the adjacent parcel for $3,150,000 with no financing contingency, and this would act as the stalking horse bid that would allow higher bids to be made by financially qualified persons and entities. The sales must be approved by the Court upon appropriate motions for sale, which have been filed and scheduled for hearing on April 28, 2021; and since the real estate at 2374 Village Common Drive is owned by a separate entity, 2374 Village Common Drive, LLC, also owned by Joseph M. Thomas, M.D., that limited liability company filed a Chapter 11 case of its own on March 5, 2021, Bankr. Case No. 21-10118-TPA, to facilitate the sale of the real estate. The only equipment that would be available will be the miscellaneous equipment of Greater Erie Surgery Center, LLC. Class 11(a) is a Convenience Class composed of allowed General Unsecured Claims which are equal to or less than $20,000 and preliminarily total $76,490. Each member of this class will be paid the lesser of $1,000 or their entire claim. Payments to all members of this class total $28,015 to be sent within ten days of Confirmation Date. Class 11(b) is comprised of General Unsecured Claimants which have Allowed Unsecured Claims in excess of $20,000 and which have not elected on their ballot to be members of the Convenience Class and be paid $1,000 within ten days of the Confirmation Date. Claimants in Class 11(b) shall share pro-rata in a fund of $250 per month to be paid each month for 60 consecutive months for a total of $15,000 with the first pro rata distribution to be made within ten days after the Confirmation Date. The plan will be funded partly by the sale of real estate and partly by later operations. The proposed sale to be submitted to the Court will call for the sale of all real estate of both Dr. Thomas and 2374 Village Common Drive, LLC to Joseph Kramer for $3,150,000, though there will be the opportunity for bidding by other financially viable persons and entities. From whatever amount that Wells Fargo would net from the sales as first mortgagee, Wells Fargo Will contribute a total of $125,000 to the bankruptcy estates of Tri-State Pain Institute, LLC, 2374 Village Common Drive, LLC and Joseph M. Thomas, M.D. The joint fund of $125,000 will be held for administrative claims and will be disbursed upon order of this Court upon proper applications. A full-text copy of the Amended Disclosure Statement dated April 1, 2021, is available at https://bit.ly/3fUDZ4v from PacerMonitor.com at no charge. About Tri-State Pain Institute Tri-State Pain Institute, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Cas No. 20-10049) on January 23, 2020. At the time of the filing, the Debtor had estimated assets of between $500,001 and $1 million and liabilities of between $1,000,001 and $10 million. Judge Thomas P. Agresti oversees the case. The Debtor tapped Marsh, Spaeder, Baur, Spaeder, and Schaaf, LLP, as the legal counsel and Coldwell Banker Select, Realtors as real estate broker. On February 14, 2020, the U.S. Trustee for Regions 3 and 9 appointed a Committee of unsecured creditors in the Debtor's Chapter 11 case. The Committee is represented by Knox, McLaughlin, Gornall & Sennett, P.C. TRIANGLE RE 2021-2: Moody's Assigns (P)B2 Rating to Cl. M-2 Notes ----------------------------------------------------------------- Moody's Investors Service has assigned provisional ratings to four classes of mortgage insurance credit risk transfer notes issued by Triangle Re 2021-2 Ltd. Triangle Re 2021-2 Ltd. is the fourth transaction issued under the Triangle Re program, which transfers to the capital markets the credit risk of private mortgage insurance (MI) policies issued by Genworth Mortgage Insurance (Genworth, the ceding insurer) on a portfolio of residential mortgage loans. The notes are exposed to the risk of claims payments on the MI policies, and depending on the notes' priority, may incur principal and interest losses when the ceding insurer makes claims payments on the MI policies. On the closing date, Triangle Re 2021-2 Ltd. (the issuer) and the ceding insurer will enter into a reinsurance agreement providing excess of loss reinsurance on mortgage insurance policies issued by the ceding insurer on a portfolio of residential mortgage loans. Proceeds from the sale of the notes will be deposited into the reinsurance trust account for the benefit of the ceding insurer and as security for the issuer's obligations to the ceding insurer under the reinsurance agreement. The funds in the reinsurance trust account will also be available to pay noteholders, following the termination of the trust and payment of amounts due to the ceding insurer. Funds in the reinsurance trust account will be used to purchase eligible investments and will be subject to the terms of the reinsurance trust agreement. Following the instruction of the ceding insurer, the trustee will liquidate assets in the reinsurance trust account to (1) make principal payments to the notes as the insurance coverage in the reference pool reduces due to loan amortization or policy termination, and (2) reimburse the ceding insurer whenever it pays MI claims after the Class B-2 coverage level is written off. While income earned on eligible investments is used to pay interest on the notes, the ceding insurer is responsible for covering any difference between the investment income and interest accrued on the notes' coverage levels. The complete rating actions are as follows: Issuer: Triangle Re 2021-2 Ltd. Cl. M-1A, Assigned (P)Baa2 (sf) Cl. M-1B, Assigned (P)Baa3 (sf) Cl. M-1C, Assigned (P)Ba2 (sf) Cl. M-2, Assigned (P)B2 (sf) RATINGS RATIONALE Summary Credit Analysis and Rating Rationale Moody's expect this insured pool's aggregate exposed principal balance to incur 2.23% losses in a base case scenario-mean, and 18.43% losses under a Aaa stress scenario. The aggregate exposed principal balance is the product, for all the mortgage loans covered by MI policies, of the unpaid principal balance of each mortgage loan and the MI coverage percentage. The coronavirus pandemic has had a significant impact on economic activity. Although global economies have shown a remarkable degree of resilience to date and are returning to growth, the uneven effects on individual businesses, sectors and regions will continue throughout 2021 and will endure as a challenge to the world's economies well beyond the end of the year. While persistent virus fears remain the main risk for a recovery in demand, the economy will recover faster if vaccines and further fiscal and monetary policy responses bring forward a normalization of activity. As a result, there is a heightened degree of uncertainty around Moody's forecasts. Moody's analysis has considered the effect on the performance of consumer assets from a gradual and unbalanced recovery in U.S. economic activity. Moody's increased our model-derived median expected losses by 7.5% (approximately 6.6% for the mean) and its Aaa loss by 2.5% to reflect the likely performance deterioration resulting from the slowdown in US economic activity due to the coronavirus outbreak. These adjustments are lower than the 15% median expected loss and 5% Aaa loss adjustments we made on pools from deals issued after the onset of the pandemic until February 2021. Moody's reduced adjustments reflect the fact that the loan pool in this deal does not contain any loans to borrowers who are not currently making payments. For newly originated loans, post-COVID underwriting takes into account the impact of the pandemic on a borrower's ability to repay the mortgage. For seasoned loans, as time passes, the likelihood that borrowers who have continued to make payments throughout the pandemic will now become non-cash flowing due to COVID-19 continues to decline. Moody's regards the coronavirus outbreak as a social risk under its ESG framework, given the substantial implications for public health and safety. In addition, Moody's considered that for this transaction, similar to other mortgage insurance credit risk transfer deals, payment deferrals are not claimable events and thus are not treated as losses; rather they would only result in a loss if the borrower ultimately defaults after receiving the payment deferral and a mortgage insurance claim is filed. Moody's calculated losses on the pool using its US Moody's Individual Loan Analysis (MILAN) model based on the loan-level collateral information as of the cut-off date. Loan-level adjustments to the model results included, but were not limited to, adjustments for origination quality. Collateral Description Each mortgage loan has an insurance coverage effective date on or after September 1, 2020, but on or before December 31, 2020. The reference pool consists of 125,389 prime, fixed- and adjustable-rate, one- to four-unit, first-lien fully-amortizing, predominantly conforming mortgage loans with a total insured loan balance of approximately $35 billion. Most of the loans in the reference pool had a loan-to-value (LTV) ratio at origination that was greater than 80%, with a weighted average of 91.3%. The borrowers in the pool have a weighted average FICO score of 743, a weighted average debt-to-income ratio of 36.4% and a weighted average mortgage rate of 3.0%. The weighted average LTV of 91.3% is far higher than those of recent private label prime jumbo deals, which typically have LTVs in the high 60's range, however, it is in line with those of recent MI CRT and STACR high-LTV transactions. Most of these insured loans in the reference pool were originated with LTV ratios greater than 80%. 100% of insured loans were covered by mortgage insurance at origination with 97.7% covered by BPMI and 2.3% covered by LPMI based on unpaid principal balance. Underwriting Quality Moody's took into account the quality of Genworth's insurance underwriting, risk management and claims payment process in its analysis Lenders submit mortgage loans to Genworth for insurance either through delegated underwriting or non-delegated underwriting program. Under the delegated underwriting program, lenders can submit loans for insurance without Genworth re-underwriting the loan file. Genworth issues an MI commitment based on the lender's representation that the loan meets the insurer's underwriting requirement. Genworth does not allow exceptions for loans approved through its delegated underwriting program. Lenders eligible under this program must be pre-approved by Genworth. Under the non-delegated underwriting program, insurance coverage is approved after full-file underwriting by the insurer's underwriters. For Genworth's overall portfolio, approximately 66% of the loans by unpaid principal balance are insured through delegated underwriting and 34% through non-delegated. Genworth generally aligns with the GSE underwriting guidelines via DU/LP. Genworth restricts its coverage to mortgage loans that meet or exceed its thresholds with respect to borrower Credit Scores, maximum DTI levels, maximum loan-to-value levels and documentation requirements. Genworth's underwriting guidelines also seek to limit the coverage it provides for certain higher-risk mortgage loans, including those for cash-out refinancings, second homes or investment properties, although certain Mortgage Loans covered by the Reinsurance Agreement will contain such higher-risk characteristics. Servicers file a claim within 60 days of taking title or sale of the property. Claims are submitted by uploading or entering on Genworth's website, electronic transfer or paper. Claims documentation include: F/C chronology, servicing notes, invoices, BPOs, closing docs, and modification agreement. All claims are validated and audited by Genworth. Within 90 days after the claim settlement, a supplemental claim may be filed for trailing advances not included on the initial claim for loss. Claims not perfected within 120 days of receipt will be denied. Genworth performs an internal quality assurance review on a sample basis of delegated and non-delegated underwritten loans to ensure that (i) the reported risk exposure of insured mortgage loans is accurately represented; (ii) lenders are submitting loans under delegated authority are adhering to contractual requirements and (iii) internal underwriters are following guidelines and maintaining consistent underwriting standards and processes. Genworth has a solid quality control process to ensure claims are paid timely and accurately. Similar to the above procedure, Genworth's claims management reviews a sample of paid claims each month. Findings are used for performance management as well as identified trends. In addition, there is strong oversight and review from internal and external parties such as GSE audits, Department of Insurance audits, audits from an independent account firm, and Genworth's internal audits and compliance. Genworth is also SOX compliant. Third-Party Review Genworth engaged Opus CMC. to perform a data analysis and diligence review of a sampling of mortgage loans files submitted for mortgage insurance. This review included validation of credit qualifications, verification of the presence of material documentation as applicable to the mortgage insurance application, updated valuation analysis and comparison, and a tape-to-file data integrity validation to identify possible data discrepancies. The scope does not include a compliance review. The scope of the third-party review is weaker than most other MI CRT transactions Moody's rated because the sample size was small (only 325 of the total loans in the initial reference pool). Once the sample size was determined, the files were selected randomly to meet the final sample count of 325 files out of a total of 125,389 loan files. Out of the 325 mortgage loans included within the diligence sample, two mortgage loans experienced a Coverage Termination and one mortgage loan went into forbearance (as reported to the Ceding Insurer) during the period from January 1, 2021 to the Cut-off Date of February 28, 2021 (both days inclusive) and, consequently, were removed from the pool of mortgage loans to be reinsured under the Reinsurance Agreement. In spite of the small sample size and a limited TPR scope for Triangle Re 2021-2 Ltd., Moody's did not make an additional adjustment to the loss levels because, (1) approximately 34% of the loans in the reference pool were submitted through non-delegated underwriting, which have gone through full re-underwriting by the ceding insurer, (2) the underwriting quality of the insured loans is monitored under the GSEs' stringent quality control system, and (3) MI policies will not cover any costs related to compliance violations. Scope and results. The third-party due diligence scope focuses on the following: Appraisals: The third-party diligence provider also reviewed property valuation on 100% of the loans in the sample pool. Credit: The third-party diligence provider reviewed credit on 100% of the loans in the sample pool. The third-party diligence provider reviewed each mortgage loan file to determine the adherence to stated underwriting or credit extension guidelines, standards, criteria or other requirements provided by Genworth. Data integrity: The third-party review firm was provided a data file with loan level data, which was audited against origination documents to determine the accuracy of data found within the data tape. Reps & Warranties Framework The ceding insurer does not make any representations and warranties to the noteholders in this transaction. Since the insured mortgages are predominantly GSE loans, the individual sellers would provide exhaustive representations and warranties to the GSEs that are negotiated and actively monitored. In addition, the ceding insurer may rescind the MI policy for certain material misrepresentation and fraud in the origination of a loan, which would benefit the MI CRT noteholders. Transaction Structure The transaction structure is very similar to other MI CRT transactions. The ceding insurer will retain the senior coverage level A and the B-2 coverage level at closing. The offered notes benefit from a sequential pay structure. The transaction incorporates structural features such as a 12.5-year bullet maturity and a sequential pay structure for the non-senior tranches, resulting in a shorter expected weighted average life on the offered notes. Funds raised through the issuance of the notes are deposited into a reinsurance trust account and are distributed either to the noteholders, when insured loans amortize or MI policies terminate, or to the ceding insurer for reimbursement of claims paid when loans default. Interest on the notes is paid from income earned on the eligible investments and the coverage premium from the ceding insurer. Interest on the notes will accrue based on the outstanding balance of the notes, but the ceding insurer will only be obligated to remit coverage premium based on each note's coverage level. Credit enhancement in this transaction is comprised of subordination provided by mezzanine and junior tranches. The rated Class M-1A, Class M-1B, Class M-1C, Class M-2 and Class B-1 offered notes have credit enhancement levels of 6.25%, 4.80%, 3.75%, 2.50% and 2.25%, respectively. The credit risk exposure of the notes depends on the actual MI losses incurred by the insured pool. MI losses are allocated in a reverse sequential order starting with the coverage level B-2. Investment deficiency amount losses are allocated in a reverse sequential order starting with the class B-1 notes. So long as the senior coverage level is outstanding, and no performance trigger event occurs, the transaction structure allocates principal payments on a pro-rata basis between the senior and non-senior reference tranches. Principal is then allocated sequentially amongst the non-senior tranches. Principal payments are all allocated to senior reference tranches when trigger event occurs. A trigger event with respect to any payment date will be in effect if the coverage level amount of coverage level A for such payment date has not been reduced to zero and either (i) the preceding three month average of the sixty-plus delinquency amount for that payment date equals or exceeds 75.00% of Class A subordination amount or (ii) the subordinate percentage (or with respect to the first payment date, the original subordinate percentage) for that payment date is less than the target CE percentage (minimum C/E test: 8.25%). Premium Deposit Account (PDA) The premium deposit account will benefit the transaction upon a mandatory termination event (e.g. the ceding insurer fails to pay the coverage premium and does not cure, triggering a default under the reinsurance agreement), by providing interest liquidity to the noteholders, when combined with the income earned on the eligible investments, of approximately 70 days while the reinsurance trust account and eligible investments are being liquidated to repay the principal of the notes. On the closing date, the ceding insurer will establish a cash and securities account (the PDA), and the deposit amount will be made to the account by the ceding insurance because the premium deposit event is triggered. The premium deposit event will be triggered (1) with respect to any class of notes, if the rating of that class of notes exceeds the insurance financial strength (IFS) rating of the ceding insurer or (2) with respect to all classes of notes, if the ceding insurer's IFS rating falls below Baa3. If the note ratings exceed that of the ceding insurer, the insurer will be obligated to deposit into and maintain in the premium deposit account the required PDA amount only for the notes that exceeded the ceding insurer's rating. If the ceding insurer's rating falls below Baa3, it will be obligated to deposit the required PDA amount for all classes of notes. The required PDA amount for each class of notes and each month is equal to the excess, if any, of (i) the coupon rate of the note multiplied by (a) the applicable funded percentage, (b) the coverage level amount for the coverage level corresponding to such class of notes and (c) a fraction equal to 70/360, over (ii) two times the investment income collected (but not yet distributed) on the eligible investments. Moody's believe the requirement that the PDA be funded only upon a rating trigger event does not establish a linkage between the ratings of the notes and the IFS rating of the ceding insurer because, 1) the required PDA amount is small relative to the entire deal, 2) the risk of PDA not being funded could theoretically occur only if the ceding insurer suddenly defaults, causing a rating downgrade from investment grade to default in a very short period, which is a highly unlikely scenario, and 3) even if the insurer becomes insolvent, there would be a strong incentive for the insurer's insolvency regulator to continue to make the interest payments to avoid losing reinsurance protection provided by the deal. Claims Consultant To mitigate risks associated with the ceding insurer's control of the trust account and discretion to unilaterally determine the MI claims amounts (i.e. ultimate net losses), the ceding insurer will engage Opus Capital Markets Consultants LLC, as claims consultant, to verify MI claims and reimbursement amounts withdrawn from the reinsurance trust account once the coverage level B-2 has been written down. The claims consultant will review on a quarterly basis a sample of claims paid by the ceding insurer covered by the reinsurance agreement. In verifying the amount, the claims consultant will apply a permitted variance to the total paid loss for each MI Policy of +/- 2%. The claims consultant will provide a preliminary report to the ceding insurer containing results of the verification. If there are findings that cannot be resolved between the ceding insurer and the claims consultant, the claims consultant will increase the sample size. A final report will be delivered by the claims consultant to the trustee, the issuer and the ceding insurer. The issuer will be required to provide a copy of the final report to the noteholders and the rating agencies. Unlike RMBS transactions where there is typically some level of independent third party oversight by the trustee, the master servicer and/or the securities administrator, MI CRT transactions typically do not have such oversight. As noted, the ceding insurer not only has full control of the trust account but can also determine, at its discretion, the MI claims amount. The ceding insurer will then direct the trustee to withdraw the funds to reimburse for the claims paid. Since the trustee is not required to verify the MI claims amount, there could be a scenario where funds are withdrawn from the reinsurance trust account in excess of the amounts necessary to reimburse the ceding insurer. As such, Moody's believe the claims consultant in this transaction will provide the oversight to mitigate such risks. Factors that would lead to an upgrade or downgrade of the ratings: Down Levels of credit protection that are insufficient to protect investors against current expectations of loss could drive the ratings down. Losses could rise above Moody's original expectations as a result of a higher number of obligor defaults or deterioration in the value of the mortgaged property securing an obligor's promise of payment. Transaction performance also depends greatly on the US macro economy and housing market. Other reasons for worse-than-expected performance include poor servicing, error on the part of transaction parties, inadequate transaction governance and fraud. Up Levels of credit protection that are higher than necessary to protect investors against current expectations of loss could drive the ratings of the subordinate bonds up. Losses could decline from Moody's original expectations as a result of a lower number of obligor defaults or appreciation in the value of the mortgaged property securing an obligor's promise of payment. Transaction performance also depends greatly on the US macro economy and housing market. Methodology The principal methodology used in these ratings was "Moody's Approach to Rating US RMBS Using the MILAN Framework" published in April 2020. US CONSTRUCTION: Seeks to Hire Zendeh Del & Associates as Counsel ----------------------------------------------------------------- US Construction Services, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Zendeh Del & Associates, PLLC as its legal counsel. The firm's services include: a) advising the Debtor regarding its powers and duties, the continued operation of its business and management of its properties, if any; b) advising the Debtor regarding the legal and administrative requirements of operating its Chapter 11 case; c) taking all necessary actions to protect and preserve the Debtor's estate, including prosecuting actions on the Debtor's behalf, defending any action commenced against the Debtor, and representing the Debtor's interests in any negotiations or litigation in which it may be involved; d) representing the Debtor's interests at the meeting of creditors pursuant to Section 341 of the Bankruptcy Code, and at any other hearing scheduled before the court; e) reviewing pre-bankruptcy executory contracts and unexpired leases entered into by the Debtor and determining which contracts should be rejected; f) preparing legal papers; g) reviewing and analyzing all claims filed against the Debtor's bankruptcy estate and representing the Debtor in connection with the possible prosecution of objections to claims; h) coordinating with other professionals employed in the case to rehabilitate the Debtor's financial affairs; i) assisting the Debtor in the preparation of a disclosure statement and the negotiation of a plan of reorganization with the creditors; and j) other legal services necessary to effectuate a successful reorganization of the bankruptcy estate. The firm received a pre-bankruptcy retainer in the amount of $10,000. Gabe Perez, Esq., and Jonathan Zendeh Del, Esq., the firm's attorneys who will be handling the case, charge $250 per hour and $300 per hour, respectively. Legal assistants and law clerks charge an hourly fee of $125. Mr. Perez disclosed in a court filing that his firm neither holds nor represents any interest adverse to the Debtor and its estate. The firm can be reached through: Gabe Perez, Esq. Jonathan Zendeh Del, Esq. Zendeh Del & Associates, PLLC 1813 61st Street, Suite 101 Galveston, TX 77511 Tel: (409) 740-1111 Fax: (409) 515-5007 Email: gabe@zendehdel.com About US Construction Services US Construction Services, LLC is a privately held company in the residential building construction industry. US Construction Services sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Case No. 21-80029) on Feb. 19, 2021. Whitney Jones, the managing member, signed the petition. In the petition, US Construction Services declared total assets of $2,400,000 and total liabilities of $1,262,826. Judge Jeffrey P. Norman oversees the case. The Debtor is represented by Zendeh Del & Associates, PLLC. VALERITAS HOLDINGS: Claims Objection Deadline Extended to Oct. 4 ---------------------------------------------------------------- In the cases of Valeritas Holdings, Inc., et al., the Liquidating Trustee sought an order extending the deadline to object to claims under the Plan. On March 26th, 2021, the Honorable Laurie Selber Silverstein granted the motion and ordered that pursuant to the Plan and Section 105(a) of the Bankruptcy Code, the deadline under the Plan to object to all claims filed in these cases is hereby extended through and including October 4, 2021. The Order is without prejudice to the Liquidating Trustee's right to request an additional extension of the deadline to object to claims. About West Village Holdings West Village Holdings, LLC is a real estate lessor whose principal assets are located at 7335 Old National Highway, Riverdale, Ga., and 0 Jonesboro Road, Riverdale, Ga., with a comparable sale value of $3.30 million. West Village Holdings sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 19-50013) on Jan. 1, 2019. At the time of the filing, the Debtor disclosed $3,309,900 in assets and $228,500 in liabilities. The Debtor tapped Wiggam & Geer, LLC as its bankruptcy counsel, and Clark Law Group as its special counsel. VANDEVCO LIMITED: Plan Depends on Outcome of State Court Action --------------------------------------------------------------- Vandevco Limited and Orland, Ltd., filed with the U.S. Bankruptcy Court for the Western District of Washington a Disclosure Statement for the Joint Chapter 11 Plan of Reorganization. The sole owner of the Debtors is Willamette Enterprises, Ltd., a Cayman Islands limited liability company ("Willamette"). Willamette's 99% owner is Belbadi Engineering, Ltd., an United Arab Republic ("UAE") entity with approximately 1150 employees and $250 million in annual revenue. Ziad Elhindi owns the other 1% of Willamette. In 2016, Cayman Islands company Cerner Middle East Limited filed a Washington state court lawsuit against Vandevco and Belbadi, and an Oregon state court lawsuit against Orland and Belbadi. After four years of scrambling for cash to pay defense costs, the Debtors sought bankruptcy relief to obtain breathing room in a single forum for orderly adjudication of Cerner Middle East's multiforum litigation against them. The Debtors believe they can add value to their creditors and to Cerner Middle East in chapter 11, by efficiently and finally resolving Cerner Middle East's crippling litigation in a court that has jurisdiction. Should the Court sustain the Debtors' objections to Cerner Middle East's proofs of claim, the Debtors will emerge solvent from Chapter 11, and fully pay their creditors with interest on the Effective Date under their bifurcated Plan's Reorganization Plan A ("Plan A"). Should the Court allow Cerner Middle East's claims, this will trigger the Plan's Liquidation Plan B ("Plan B"). Under Plan B, the Debtors will spare Cerner Middle East, other creditors, the Court, and themselves the expense and delays of what will inevitably be extremely time consuming and expensive multiparty litigation, and a much more arduous path to the same destination as Plan B. Under Plan B, on the Effective Date, the Debtors' assets (including retained claims and avoidance actions), will vest in a creditors trust (the Creditors Trust), for liquidation and prompt distribution of the proceeds to creditors with allowed claims. As far as the Debtors can ascertain, the only reason that Cerner Middle East sued the Debtors is to try to gain jurisdictional in an American court to litigate against its Mid-Eastern guarantor Belbadi, the Debtors' upstream great-grandparent entity. The Debtors believe that Cerner Middle East is litigating because the UAE courts criminally convicted Cerner Middle East of fraud and forgery in relation to its dealings with the Debtors' upstream great grandparent's owner Mr. Albadi's I Capital company. Class 2 consists of Trade Creditors of Vandevco and of Orland. Payment to creditors with approved claims as soon as possible after Effective Date. There will be no interest due on these claims and they will be paid in one lump sum, and in full under Plan A, and in two pro rata payments under Plan B, with the first payment upon availability of funds as soon as possible after the Effective Date and the second payment upon receipt of proceeds from real property sales. Class 3 consists of Orland's general unsecured creditors with claims under $500. For convenience, under Restructure Plan A, Orland will pay these claims in full on the Effective Date with the contract rate of interest, or , if no contract rate is specified, with the federal post-judgment interest rate. Under Plan B, Orland will pay these claims at 25% of face value on the Effective Date of the Plan with no interst. This class is impaired and entitled to vote. There are four class members in Orland with $598.30 of claims. Class 4 consists of unsecured claims of Ziad Elhindi, Nawzad Othman and Willamette. Under Plan A, Class 4 creditors Ziad Elhindi and Othman Group, Ltd. will be paid in full, while Willamette will accept a note. Under Plan B, the Trust Administrator will pay insider creditors pari passu with allowed claims from Class 5. The claims of insider creditors total $11,537,159.29 for Vandevco and $92,449 for Orland. Vandevco has two insider claims and Orland has one insider claim. Class 5 consists of Unsecured Creditors with contingent claims that arise from either guarantees of debts of upstream owners of the Debtors or litigation claims against upstream owners of the Debtors. Under Plan A, Guarantees will be assumed by Vandevco. Under Plan B, allowed claims will be paid pari passu with allowed insider debts. Willamette is the only equity interest holder. It owns 100% of the shares of each of the Debtors. Under Plan A, Willamette Enterprises, Ltd. retains its equity in the Debtors and retains its $11 million account receivable from the reorganized Vandevco, for which Vandevco will deliver a note to Willamette. Under Plan B, where the assets of the Debtors vest in the Creditors Trust for liquidation by the Trust administrator, equity will be wiped out and will not retain or receive anything. Under Plan A, payments and distributions for the Plan will be funded from the Debtors' available cash. Under Plan B, payments and distributions for the plan will be funded from the Debtors' available cash and accounts, from the net proceeds the Trust Administrator generates from his sale of the Debtors' assets, and from any litigation recoveries. The hearing at which the Court will determine whether to approve the Disclosure Statement will take place on May 4, 2021 at 9 am by telephonic hearing. The Plan Confirmation Hearing will take place on June 29, 2021 at 9 am by telephonic hearing. June 22, 2021 is the voting deadline, while April 27, 2021 is the last day to file objections to the Disclosure Statement. A full-text copy of the Disclosure Statement dated March 31, 2021, is available at https://bit.ly/3rQoJrz from PacerMonitor.com at no charge. Attorney for the Debtors: Joseph A. Field, WSB # 24705 Field Jerger LLP 621 SW Morrison St., Suite 510 Portland, OR 97205 Tel. (503) 515 – 3310 Email: joe@fieldjerger.com About Vandevco Ltd. and Orland Ltd. Vandevco Ltd. and Orland Ltd. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wash. Lead Case No. 20-42710) on Dec. 6, 2020. At the time of the filing, Vandevco disclosed $31,601,920 in assets and $74,827,369 in liabilities. Orland disclosed total assets of $5,171,583 and total liabilities of $62,193,017. Judge Mary Jo Heston oversees the cases. Joseph A. Field, Esq., at Field Jerger, LLP, is the Debtors' counsel. VAUGHN ENVIRONMENTAL: Seeks to Hire Spence Custer as Legal Counsel ------------------------------------------------------------------ Vaughn Environmental Services, Inc. seeks approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to employ Spence, Custer, Saylor, Wolfe & Rose, LLC as its legal counsel. The firm will render these legal services: (a) represent the Debtor's interest in its Chapter 11 case; (b) complete the filing of the Debtor's bankruptcy schedules; (c) advise the Debtor regarding its rights, options, and obligations under the Chapter 11 proceedings; (d) aid in formulating and proposing a reorganization plan and disclosure statement; and (e) perform such other services as may arise during the pendency of the case. The hourly rates of the firm's counsel and staff are as follows: Attorney $300 Paraprofessionals $150 In addition, the firm will seek reimbursement for expenses. As disclosed in court filings, Spence, Custer, Saylor, Wolfe & Rose is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Kevin J. Petak, Esq. Spence, Custer, Saylor, Wolfe & Rose, LLC 1067 Menoher Boulevard Johnstown, PA 15905 Telephone: (814) 536-0735 Facsimile: (814) 539-1423 Email: kpetak@spencecuster.com About Vaughn Environmental Services Vaughn Environmental Services, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 21-00656) on Mar. 29, 2021, listing under $1 million in both assets and liabilities. Spence, Custer, Saylor, Wolfe & Rose, LLC serves as the Debtor's counsel. VIENTO WINES: Seeks to Hire Michael D. O'Brien as Legal Counsel --------------------------------------------------------------- Viento Wines Inc. seeks approval from the U.S. Bankruptcy Court for the District of Oregon to employ Michael D. O'Brien & Associates PC as its legal counsel. The firm will render these legal services: (a) negotiate financing orders; (b) obtain authorization for use of cash collateral; (c) review and evaluate the status and validity of secured claims; (d) implement the Debtor's avoidance powers; and (e) formulate a disclosure statement and plan of reorganization. The hourly rates of the firm's counsel and staff are as follows: Michael D. O'Brien, Partner $430 Theodore J. Piteo, Partner $300 Hugo Zollman, Senior Paralegal $170 Lauren Gary, Paralegal $125 In addition, the firm will seek reimbursement for out-of-pocket expenses. As disclosed in court filings, Michael D. O'Brien & Associates has no interest materially adverse to the interest of the Debtor's bankruptcy estate. The firm can be reached through: Michael D. O'Brien, Esq. Theodore J. Piteo, Esq. Michael D. O'Brien & Associates PC 12909 SW 68th Pkwy., Suite 160 Portland, OR 97223 Telephone: (503) 786-3800 Facsimile: (503) 272-7796 Email: enc@pdxlegal.com About Viento Wines Viento Wines Inc. -- http://vientowines.com-- is a Hood River, Ore.-based winemaker offering Gorge wines. Viento Wines filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Ore. Case No. 21-30690) on March 29, 2021. Richard Cushman, president, signed the petition. At the time of the filing, the Debtor disclosed $679,176 in total assets and $1,272,818 in total liabilities. Judge Trish M. Brown oversees the case. Michael D. O'Brien & Associates PC serves as the Debtor's counsel. VTES INC: Seeks to Tap Harvey H. Rosen as Corporate Counsel ----------------------------------------------------------- VTES, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Harvey H. Rosen, A Professional Corporation, as corporate counsel. The firm will render these services: (a) assemble and manage comprehensive corporate diligence matters; (b) advise the Debtors regarding corporate governance and other corporate governance matters; (c) advise, assist and coordinate matters related to the sale of assets and eventual wind down of the business operations domestically and internationally; (d) attend meetings and advise corporate personnel on internal affairs; (e) advise and coordinate with respect to intellectual property rights, perfection of interests and structure and transfer of interests; (f) advise with respect to the impact of and interface with California law. (g) interface with counsel for affiliated entities regarding crossover between laws of India and U.S. laws; (h) interface with the Debtors' bankruptcy counsel, counsel for the Debtors' lender and acquiror of the assets, and the Subchapter V trustee; (i) take necessary corporate actions; and (j) advise the Debtors with respect to potential litigation and other non-debt related matters. Harvey Rosen, Esq., the firm's principal, will be billed at his hourly rate of $595, plus reimbursement for expenses incurred. Mr. Rosen disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Harvey H. Rosen, Esq. Harvey H. Rosen, A Professional Corporation 4265 Marina City Drive, #1117 Marina del Rey, CA 90292 Telephone: (310) 527-1792 Email: Hhr.law@gmail.com About VTES Inc. Savari -- https://savari.net/ -- builds software and hardware sensor solutions for OEM automotive car manufacturers, the automotive aftermarket, smart cities, and pedestrians with the vision of making transportation predictive, safer and more efficient. VTES, Inc., Savari, Inc., and Savari Systems Pvt. Ltd. filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 20-12941) on Dec. 27, 2020. Ravi Puvvala, chief executive officer, signed the petitions. At the time of the filing, each Debtor was estimated to have $1 million to $10 million in both assets and liabilities. Judge James L. Garrity, Jr. oversees the cases. The Debtors tapped Griffin Hamersky LLP as counsel, Rock Creek Advisors LLC as financial advisor, and Harvey H. Rosen, A Professional Corporation, as corporate counsel. Stretto is the claims agent and administrative advisor. On Dec. 28, 2020, the U.S. Trustee for Region 2 appointed Nat Wasserstein of Lindenwood Associates, LLC as the subchapter V trustee. WILDFIRE INC: Seeks to Hire Harik Thompson as Tax Accountant ------------------------------------------------------------ Wildfire Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Harik Thompson CPAs as its tax accountant. The firm's services include: a. preparing the Debtor's 2020 federal and state corporate income tax returns; b. preparing the Debtors' 2021 business property statement; c. advising the Debtor on specific income tax matters. The firm will be paid at these rates: Partners $450 per hour Tax Managers $275 per hour Accounting Supervisors $250 per hour Sr. Staff Accountants $220 per hour Administrative Support $160 per hour Clerical $100 per hour The firm requires a retainer in the amount of $750. Harik Thompson is a disinterested person within the meaning of Bankruptcy Code section 101(14), according to court filings. The firm can be reached through: Patricia Harik, CPA Harik Thompson CPAs 25500 Hawthorne Blvd., Suite 2120 Torrance, CA 90505 Phone: +1 310-378-9911 Fax: +1 310-378-3591 Email: pharik@harikthompsoncpas.com About Wildfire Inc. Wildfire Inc. -- https://wildfirelighting.com -- creates innovative products designed to produce audience-captivating black light visual effects. Wildfire filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 21-10161) on Jan. 11, 2021. John Berardi, chief executive officer, signed the petition. In the petition, the Debtor disclosed $1,166,843 in assets and $738,105 on liabilities. Judge Sandra R. Klein presides over the case. The Debtor tapped Portillo Ronk Legal Team and Harik Thompson CPAs as its legal counsel and tax accountant, respectively. [^] Large Companies with Insolvent Balance Sheet ------------------------------------------------ Total Share- Total Total Holders' Working Assets Equity Capital Company Ticker ($MM) ($MM) ($MM) ------- ------ ------ -------- ------- ACCELERATE DIAGN 1A8 GR 93.4 (62.8) 75.0 ACCELERATE DIAGN AXDX US 93.4 (62.8) 75.0 ACCELERATE DIAGN AXDX* MM 93.4 (62.8) 75.0 ACCELERATE DIAGN 1A8 TH 93.4 (62.8) 75.0 ACCELERATE DIAGN 1A8 QT 93.4 (62.8) 75.0 ADAMAS PHARMACEU ADMS US 120.0 (50.0) 76.9 ADAMAS PHARMACEU 136 GR 120.0 (50.0) 76.9 ADAMAS PHARMACEU ADMSEUR EU 120.0 (50.0) 76.9 ADAMAS PHARMACEU 136 TH 120.0 (50.0) 76.9 AEMETIS INC AMTX US 125.1 (184.7) (93.6) AEMETIS INC DW51 GR 125.1 (184.7) (93.6) AEMETIS INC AMTXGEUR EU 125.1 (184.7) (93.6) AEMETIS INC DW51 GZ 125.1 (184.7) (93.6) AEMETIS INC DW51 TH 125.1 (184.7) (93.6) AGILITI INC AGLY US 745.0 (67.7) 17.3 ALPINE 4 HOLDING ALPP US 36.6 (13.6) (5.2) ALTICE USA INC-A ATUS* MM 33,376.7 (1,177.4) (2,121.5) ALTICE USA INC-A 15PA GR 33,376.7 (1,177.4) (2,121.5) ALTICE USA INC-A 15PA TH 33,376.7 (1,177.4) (2,121.5) ALTICE USA INC-A ATUSEUR EU 33,376.7 (1,177.4) (2,121.5) ALTICE USA INC-A 15PA GZ 33,376.7 (1,177.4) (2,121.5) ALTICE USA INC-A ATUS US 33,376.7 (1,177.4) (2,121.5) AMC ENTERTAINMEN AMC US 10,276.4 (2,858.2) (1,091.5) AMC ENTERTAINMEN AMC* MM 10,276.4 (2,858.2) (1,091.5) AMC ENTERTAINMEN AH9 GR 10,276.4 (2,858.2) (1,091.5) AMC ENTERTAINMEN AH9 TH 10,276.4 (2,858.2) (1,091.5) AMC ENTERTAINMEN AH9 QT 10,276.4 (2,858.2) (1,091.5) AMC ENTERTAINMEN AMC4EUR EU 10,276.4 (2,858.2) (1,091.5) AMC ENTERTAINMEN AH9 GZ 10,276.4 (2,858.2) (1,091.5) AMER RESTAUR-LP ICTPU US 33.5 (4.0) (6.2) AMERICAN AIR-BDR AALL34 BZ 62,008.0 (6,867.0) (5,474.0) AMERICAN AIRLINE AAL US 62,008.0 (6,867.0) (5,474.0) AMERICAN AIRLINE AAL* MM 62,008.0 (6,867.0) (5,474.0) AMERICAN AIRLINE A1G GR 62,008.0 (6,867.0) (5,474.0) AMERICAN AIRLINE A1G TH 62,008.0 (6,867.0) (5,474.0) AMERICAN AIRLINE AAL11EUR EU 62,008.0 (6,867.0) (5,474.0) AMERICAN AIRLINE AAL AV 62,008.0 (6,867.0) (5,474.0) AMERICAN AIRLINE AAL TE 62,008.0 (6,867.0) (5,474.0) AMERICAN AIRLINE A1G SW 62,008.0 (6,867.0) (5,474.0) AMERICAN AIRLINE A1G GZ 62,008.0 (6,867.0) (5,474.0) AMERICAN AIRLINE A1G QT 62,008.0 (6,867.0) (5,474.0) AMERICAN RESOURC AREC US 38.4 (20.0) (12.0) AMERISOURCEB-BDR A1MB34 BZ 45,846.8 (511.5) (344.2) AMERISOURCEBERGE ABG TH 45,846.8 (511.5) (344.2) AMERISOURCEBERGE ABG GR 45,846.8 (511.5) (344.2) AMERISOURCEBERGE ABC US 45,846.8 (511.5) (344.2) AMERISOURCEBERGE ABC2EUR EU 45,846.8 (511.5) (344.2) AMERISOURCEBERGE ABG QT 45,846.8 (511.5) (344.2) AMERISOURCEBERGE ABG GZ 45,846.8 (511.5) (344.2) AMYRIS INC AMRS US 222.8 (167.0) (16.5) AMYRIS INC 3A01 GR 222.8 (167.0) (16.5) AMYRIS INC 3A01 TH 222.8 (167.0) (16.5) AMYRIS INC 3A01 SW 222.8 (167.0) (16.5) AMYRIS INC AMRSEUR EU 222.8 (167.0) (16.5) AMYRIS INC 3A01 QT 222.8 (167.0) (16.5) AMYRIS INC 3A01 GZ 222.8 (167.0) (16.5) APA CORP APA US 12,746.0 (37.0) 538.0 APA CORP APA* MM 12,746.0 (37.0) 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(329.4) 431.1 GRAFTECH INTERNA G6G GR 1,432.7 (329.4) 431.1 GRAFTECH INTERNA G6G TH 1,432.7 (329.4) 431.1 GRAFTECH INTERNA EAFEUR EU 1,432.7 (329.4) 431.1 GRAFTECH INTERNA G6G QT 1,432.7 (329.4) 431.1 GREEN PLAINS PAR GPP US 105.3 (46.5) (101.1) GREENSKY INC-A GSKY US 1,523.1 (175.5) 841.6 GT BIOPHARMA INC OXI GR 0.9 (29.8) (29.9) GT BIOPHARMA INC GTBP US 0.9 (29.8) (29.9) H&R BLOCK - BDR H1RB34 BZ 3,168.4 (534.6) 529.2 H&R BLOCK INC HRB US 3,168.4 (534.6) 529.2 H&R BLOCK INC HRB GR 3,168.4 (534.6) 529.2 H&R BLOCK INC HRB TH 3,168.4 (534.6) 529.2 H&R BLOCK INC HRBEUR EU 3,168.4 (534.6) 529.2 H&R BLOCK INC HRB QT 3,168.4 (534.6) 529.2 HERBALIFE NUTRIT HOO GR 3,076.1 (856.1) 648.5 HERBALIFE NUTRIT HLF US 3,076.1 (856.1) 648.5 HERBALIFE NUTRIT HOO TH 3,076.1 (856.1) 648.5 HERBALIFE NUTRIT HOO GZ 3,076.1 (856.1) 648.5 HERBALIFE NUTRIT HLFEUR EU 3,076.1 (856.1) 648.5 HERBALIFE NUTRIT HOO QT 3,076.1 (856.1) 648.5 HEWLETT-CEDEAR HPQ AR 34,737.0 (3,235.0) (7,442.0) HEWLETT-CEDEAR HPQD AR 34,737.0 (3,235.0) (7,442.0) HEWLETT-CEDEAR HPQC AR 34,737.0 (3,235.0) (7,442.0) HILTON WORLD-BDR H1LT34 BZ 16,755.0 (1,486.0) 1,771.0 HILTON WORLDWIDE HLT US 16,755.0 (1,486.0) 1,771.0 HILTON WORLDWIDE HI91 TH 16,755.0 (1,486.0) 1,771.0 HILTON WORLDWIDE HI91 GR 16,755.0 (1,486.0) 1,771.0 HILTON WORLDWIDE HLTW AV 16,755.0 (1,486.0) 1,771.0 HILTON WORLDWIDE HLT* MM 16,755.0 (1,486.0) 1,771.0 HILTON WORLDWIDE HI91 TE 16,755.0 (1,486.0) 1,771.0 HILTON WORLDWIDE HLTEUR EU 16,755.0 (1,486.0) 1,771.0 HILTON WORLDWIDE HI91 QT 16,755.0 (1,486.0) 1,771.0 HILTON WORLDWIDE HI91 GZ 16,755.0 (1,486.0) 1,771.0 HORIZON GLOBAL HZN1EUR EU 456.5 (23.9) 80.0 HORIZON GLOBAL HZN US 456.5 (23.9) 80.0 HORIZON GLOBAL 2H6 GR 456.5 (23.9) 80.0 HOVNANIAN ENT-A HO3A GR 1,850.7 (416.3) 870.0 HOVNANIAN ENT-A HOV US 1,850.7 (416.3) 870.0 HOVNANIAN ENT-A HOVEUR EU 1,850.7 (416.3) 870.0 HP COMPANY-BDR HPQB34 BZ 34,737.0 (3,235.0) (7,442.0) HP INC HPQ TE 34,737.0 (3,235.0) (7,442.0) HP INC 7HP GR 34,737.0 (3,235.0) (7,442.0) HP INC HPQ US 34,737.0 (3,235.0) (7,442.0) HP INC 7HP TH 34,737.0 (3,235.0) (7,442.0) HP INC HPQ* MM 34,737.0 (3,235.0) (7,442.0) HP INC HPQ AV 34,737.0 (3,235.0) (7,442.0) HP INC HPQ CI 34,737.0 (3,235.0) (7,442.0) HP INC HPQUSD SW 34,737.0 (3,235.0) (7,442.0) HP INC HPQEUR EU 34,737.0 (3,235.0) (7,442.0) HP INC 7HP GZ 34,737.0 (3,235.0) (7,442.0) HP INC HPQ SW 34,737.0 (3,235.0) (7,442.0) HP INC 7HP QT 34,737.0 (3,235.0) (7,442.0) HYRECAR INC 8HY GR 6.3 (4.5) (4.2) HYRECAR INC HYRE US 6.3 (4.5) (4.2) HYRECAR INC 8HY TH 6.3 (4.5) (4.2) HYRECAR INC 8HY QT 6.3 (4.5) (4.2) HYRECAR INC 8HY GZ 6.3 (4.5) (4.2) INFINITY PHARMAC INFI US 39.3 (23.0) 25.0 INFRASTRUCTURE A IEA US 729.1 (72.7) 102.8 INFRASTRUCTURE A IEAEUR EU 729.1 (72.7) 102.8 INFRASTRUCTURE A 5YF GR 729.1 (72.7) 102.8 INSEEGO CORP INO TH 227.4 (27.9) 38.4 INSEEGO CORP INO QT 227.4 (27.9) 38.4 INSEEGO CORP INO GZ 227.4 (27.9) 38.4 INSEEGO CORP INSG US 227.4 (27.9) 38.4 INSEEGO CORP INO GR 227.4 (27.9) 38.4 INSEEGO CORP INSGEUR EU 227.4 (27.9) 38.4 INSPIRED ENTERTA 4U8 GR 324.1 (88.7) 27.1 INSPIRED ENTERTA INSEEUR EU 324.1 (88.7) 27.1 INSPIRED ENTERTA INSE US 324.1 (88.7) 27.1 INTERCEPT PHARMA I4P TH 580.5 (166.9) 366.7 INTERCEPT PHARMA ICPT* MM 580.5 (166.9) 366.7 INTERCEPT PHARMA ICPT US 580.5 (166.9) 366.7 INTERCEPT PHARMA I4P GR 580.5 (166.9) 366.7 INTERCEPT PHARMA I4P GZ 580.5 (166.9) 366.7 JACK IN THE BOX JBX GR 1,913.6 (749.1) 62.7 JACK IN THE BOX JACK US 1,913.6 (749.1) 62.7 JACK IN THE BOX JBX GZ 1,913.6 (749.1) 62.7 JACK IN THE BOX JBX QT 1,913.6 (749.1) 62.7 JACK IN THE BOX JACK1EUR EU 1,913.6 (749.1) 62.7 JOSEMARIA RESOUR JOSE SS 19.7 (12.4) (24.7) JOSEMARIA RESOUR NGQSEK EU 19.7 (12.4) (24.7) JOSEMARIA RESOUR JOSES IX 19.7 (12.4) (24.7) JOSEMARIA RESOUR JOSES EB 19.7 (12.4) (24.7) JOSEMARIA RESOUR JOSES I2 19.7 (12.4) (24.7) JUST ENERGY GROU JE CN 1,069.0 (215.8) (0.5) KEMPHARM INC KMPHEUR EU 11.2 (66.4) 0.8 KEMPHARM INC 1GDA GR 11.2 (66.4) 0.8 KEMPHARM INC KMPH US 11.2 (66.4) 0.8 KEMPHARM INC 1GDA TH 11.2 (66.4) 0.8 KEMPHARM INC 1GDA QT 11.2 (66.4) 0.8 KITS EYECARE LTD KITS CN 54.7 (0.6) (24.3) L BRANDS INC LTD GR 11,571.0 (661.0) 2,753.0 L BRANDS INC LB US 11,571.0 (661.0) 2,753.0 L BRANDS INC LTD TH 11,571.0 (661.0) 2,753.0 L BRANDS INC LTD SW 11,571.0 (661.0) 2,753.0 L BRANDS INC LBRA AV 11,571.0 (661.0) 2,753.0 L BRANDS INC LTD QT 11,571.0 (661.0) 2,753.0 L BRANDS INC LBEUR EU 11,571.0 (661.0) 2,753.0 L BRANDS INC LB* MM 11,571.0 (661.0) 2,753.0 L BRANDS INC-BDR LBRN34 BZ 11,571.0 (661.0) 2,753.0 LAREDO PETROLEUM 8LP1 GR 1,442.6 (21.4) (61.0) LAREDO PETROLEUM LPI US 1,442.6 (21.4) (61.0) LAREDO PETROLEUM LPI1EUR EU 1,442.6 (21.4) (61.0) LDH GROWTH CORP LDHAU US - - - LEE ENTERPRISES LEE US 867.3 (12.4) (35.7) LENNOX INTL INC LXI GR 2,032.5 (17.1) 386.3 LENNOX INTL INC LII US 2,032.5 (17.1) 386.3 LENNOX INTL INC LII* MM 2,032.5 (17.1) 386.3 LENNOX INTL INC LXI TH 2,032.5 (17.1) 386.3 LENNOX INTL INC LII1EUR EU 2,032.5 (17.1) 386.3 LESLIE'S INC LESL US 747.1 (386.4) 162.8 LESLIE'S INC LE3 GR 747.1 (386.4) 162.8 LESLIE'S INC LESLEUR EU 747.1 (386.4) 162.8 LESLIE'S INC LE3 TH 747.1 (386.4) 162.8 LESLIE'S INC LE3 QT 747.1 (386.4) 162.8 LIFEMD INC LFMD US 13.1 (0.8) (1.4) MADISON SQUARE G MSG1EUR EU 1,292.1 (265.1) (172.7) MADISON SQUARE G MS8 GR 1,292.1 (265.1) (172.7) MADISON SQUARE G MSGS US 1,292.1 (265.1) (172.7) MADISON SQUARE G MS8 TH 1,292.1 (265.1) (172.7) MADISON SQUARE G MS8 QT 1,292.1 (265.1) (172.7) MANNKIND CORP NNFN TH 108.6 (180.4) 5.8 MANNKIND CORP MNKD US 108.6 (180.4) 5.8 MANNKIND CORP NNFN GR 108.6 (180.4) 5.8 MANNKIND CORP NNFN SW 108.6 (180.4) 5.8 MANNKIND CORP NNFN QT 108.6 (180.4) 5.8 MANNKIND CORP MNKDEUR EU 108.6 (180.4) 5.8 MANNKIND CORP NNFN GZ 108.6 (180.4) 5.8 MASON INDUS-CL A MIT US 0.5 (0.1) 0.0 MASON INDUSTRIAL MIT/U US 0.5 (0.1) 0.0 MATCH GROUP -BDR M1TC34 BZ 2,977.0 (1,176.0) 520.2 MATCH GROUP INC MTCH US 2,977.0 (1,176.0) 520.2 MATCH GROUP INC 4MGN TH 2,977.0 (1,176.0) 520.2 MATCH GROUP INC MTCH1* MM 2,977.0 (1,176.0) 520.2 MATCH GROUP INC 4MGN QT 2,977.0 (1,176.0) 520.2 MATCH GROUP INC 4MGN GR 2,977.0 (1,176.0) 520.2 MATCH GROUP INC 4MGN SW 2,977.0 (1,176.0) 520.2 MATCH GROUP INC MTC2 AV 2,977.0 (1,176.0) 520.2 MATCH GROUP INC 4MGN GZ 2,977.0 (1,176.0) 520.2 MCAFEE CORP - A MCFE US 5,428.0 (1,800.0) (1,471.0) MCAFEE CORP - A MC7 GR 5,428.0 (1,800.0) (1,471.0) MCAFEE CORP - A MCFEEUR EU 5,428.0 (1,800.0) (1,471.0) MCDONALD'S CORP TCXMCD AU 52,626.8 (7,824.9) 62.0 MCDONALDS - BDR MCDC34 BZ 52,626.8 (7,824.9) 62.0 MCDONALDS CORP MDO TH 52,626.8 (7,824.9) 62.0 MCDONALDS CORP MCD US 52,626.8 (7,824.9) 62.0 MCDONALDS CORP MCD SW 52,626.8 (7,824.9) 62.0 MCDONALDS CORP MDO GR 52,626.8 (7,824.9) 62.0 MCDONALDS CORP MCD* MM 52,626.8 (7,824.9) 62.0 MCDONALDS CORP MCD TE 52,626.8 (7,824.9) 62.0 MCDONALDS CORP 0R16 LN 52,626.8 (7,824.9) 62.0 MCDONALDS CORP MCD AV 52,626.8 (7,824.9) 62.0 MCDONALDS CORP MCD CI 52,626.8 (7,824.9) 62.0 MCDONALDS CORP MCDUSD SW 52,626.8 (7,824.9) 62.0 MCDONALDS CORP MCDEUR EU 52,626.8 (7,824.9) 62.0 MCDONALDS CORP MDO GZ 52,626.8 (7,824.9) 62.0 MCDONALDS CORP MDO QT 52,626.8 (7,824.9) 62.0 MCDONALDS CORP MCDCL CI 52,626.8 (7,824.9) 62.0 MCDONALDS-CEDEAR MCD AR 52,626.8 (7,824.9) 62.0 MCDONALDS-CEDEAR MCDC AR 52,626.8 (7,824.9) 62.0 MCDONALDS-CEDEAR MCDD AR 52,626.8 (7,824.9) 62.0 MDC PARTNERS-A MDCA US 1,511.3 (381.8) (204.1) MEDIAALPHA INC-A MAX US - (9.9) (9.9) MICHAELS COS INC MIK US 4,528.4 (1,197.2) 556.6 MICHAELS COS INC MIM GR 4,528.4 (1,197.2) 556.6 MICHAELS COS INC MIM TH 4,528.4 (1,197.2) 556.6 MICHAELS COS INC MIKEUR EU 4,528.4 (1,197.2) 556.6 MICHAELS COS INC MIM QT 4,528.4 (1,197.2) 556.6 MICHAELS COS INC MIM GZ 4,528.4 (1,197.2) 556.6 MILESTONE MEDICA MMD PW 1.0 (16.3) (16.3) MILESTONE MEDICA MMDPLN EU 1.0 (16.3) (16.3) MONEYGRAM INTERN MGI US 4,674.1 (237.0) (20.7) MONEYGRAM INTERN 9M1N GR 4,674.1 (237.0) (20.7) MONEYGRAM INTERN 9M1N TH 4,674.1 (237.0) (20.7) MONEYGRAM INTERN MGIEUR EU 4,674.1 (237.0) (20.7) MONEYGRAM INTERN 9M1N QT 4,674.1 (237.0) (20.7) MONGODB INC 526 GZ 1,407.5 (0.3) 787.3 MONGODB INC MDB* MM 1,407.5 (0.3) 787.3 MONGODB INC MDB US 1,407.5 (0.3) 787.3 MONGODB INC 526 QT 1,407.5 (0.3) 787.3 MONGODB INC MDBEUR EU 1,407.5 (0.3) 787.3 MONGODB INC 526 GR 1,407.5 (0.3) 787.3 MONGODB INC 526 TH 1,407.5 (0.3) 787.3 MONGODB INC- BDR M1DB34 BZ 1,407.5 (0.3) 787.3 MONTES ARCHIM-A MAAC US 0.5 (0.0) (0.5) MONTES ARCHIMEDE MAACU US 0.5 (0.0) (0.5) MOTOROLA SOL-BDR M1SI34 BZ 10,876.0 (541.0) 838.0 MOTOROLA SOL-CED MSI AR 10,876.0 (541.0) 838.0 MOTOROLA SOLUTIO MOT TE 10,876.0 (541.0) 838.0 MOTOROLA SOLUTIO MSI US 10,876.0 (541.0) 838.0 MOTOROLA SOLUTIO MTLA TH 10,876.0 (541.0) 838.0 MOTOROLA SOLUTIO MTLA GR 10,876.0 (541.0) 838.0 MOTOROLA SOLUTIO MOSI AV 10,876.0 (541.0) 838.0 MOTOROLA SOLUTIO MSI1EUR EU 10,876.0 (541.0) 838.0 MOTOROLA SOLUTIO MTLA GZ 10,876.0 (541.0) 838.0 MOTOROLA SOLUTIO MTLA QT 10,876.0 (541.0) 838.0 MSCI INC MSCI US 4,198.6 (443.2) 903.8 MSCI INC 3HM GR 4,198.6 (443.2) 903.8 MSCI INC 3HM GZ 4,198.6 (443.2) 903.8 MSCI INC MSCI* MM 4,198.6 (443.2) 903.8 MSCI INC 3HM QT 4,198.6 (443.2) 903.8 MSCI INC 3HM TH 4,198.6 (443.2) 903.8 MSCI INC-BDR M1SC34 BZ 4,198.6 (443.2) 903.8 MSG NETWORKS- A MSGN US 921.7 (467.9) 331.9 MSG NETWORKS- A 1M4 GR 921.7 (467.9) 331.9 MSG NETWORKS- A 1M4 QT 921.7 (467.9) 331.9 MSG NETWORKS- A MSGNEUR EU 921.7 (467.9) 331.9 MSG NETWORKS- A 1M4 TH 921.7 (467.9) 331.9 N/A HYREEUR EU 6.3 (4.5) (4.2) NANTHEALTH INC NH US 200.3 (111.4) (94.2) NATHANS FAMOUS NATH US 104.6 (63.1) 79.3 NATHANS FAMOUS NFA GR 104.6 (63.1) 79.3 NATHANS FAMOUS NATHEUR EU 104.6 (63.1) 79.3 NATIONAL CINEMED NCMI US 886.2 (268.6) 149.9 NATIONAL CINEMED XWM GR 886.2 (268.6) 149.9 NATIONAL CINEMED NCMIEUR EU 886.2 (268.6) 149.9 NAVISTAR INTL IHR TH 6,118.0 (3,825.0) 811.0 NAVISTAR INTL IHR GR 6,118.0 (3,825.0) 811.0 NAVISTAR INTL NAV US 6,118.0 (3,825.0) 811.0 NAVISTAR INTL NAVEUR EU 6,118.0 (3,825.0) 811.0 NAVISTAR INTL IHR QT 6,118.0 (3,825.0) 811.0 NAVISTAR INTL IHR GZ 6,118.0 (3,825.0) 811.0 NESCO HOLDINGS I NSCO US 768.4 (31.1) 31.9 NEW ENG RLTY-LP NEN US 291.7 (41.5) - NORTHERN OIL AND NOG US 872.1 (223.3) (56.8) NORTHERN OIL AND 4LT1 GR 872.1 (223.3) (56.8) NORTHERN OIL AND NOG1EUR EU 872.1 (223.3) (56.8) NORTHERN OIL AND 4LT1 TH 872.1 (223.3) (56.8) NORTONLIFEL- BDR S1YM34 BZ 6,357.0 (492.0) 27.0 NORTONLIFELOCK I NLOK US 6,357.0 (492.0) 27.0 NORTONLIFELOCK I SYM TH 6,357.0 (492.0) 27.0 NORTONLIFELOCK I SYM GR 6,357.0 (492.0) 27.0 NORTONLIFELOCK I SYMC TE 6,357.0 (492.0) 27.0 NORTONLIFELOCK I SYMC AV 6,357.0 (492.0) 27.0 NORTONLIFELOCK I NLOK* MM 6,357.0 (492.0) 27.0 NORTONLIFELOCK I SYMCEUR EU 6,357.0 (492.0) 27.0 NORTONLIFELOCK I SYM GZ 6,357.0 (492.0) 27.0 NORTONLIFELOCK I SYM QT 6,357.0 (492.0) 27.0 NUTANIX INC - A 0NU SW 2,311.5 (758.4) 766.2 NUTANIX INC - A 0NU GZ 2,311.5 (758.4) 766.2 NUTANIX INC - A 0NU GR 2,311.5 (758.4) 766.2 NUTANIX INC - A NTNXEUR EU 2,311.5 (758.4) 766.2 NUTANIX INC - A 0NU TH 2,311.5 (758.4) 766.2 NUTANIX INC - A 0NU QT 2,311.5 (758.4) 766.2 NUTANIX INC - A NTNX US 2,311.5 (758.4) 766.2 OMEROS CORP OMER US 181.0 (120.8) 114.5 OMEROS CORP 3O8 GR 181.0 (120.8) 114.5 OMEROS CORP 3O8 QT 181.0 (120.8) 114.5 OMEROS CORP 3O8 TH 181.0 (120.8) 114.5 OMEROS CORP OMEREUR EU 181.0 (120.8) 114.5 OPTIVA INC OPT CN 77.4 (79.4) 3.0 ORTHO CLINCICAL OCDX US 3,401.5 (1,010.8) 230.8 ORTHO CLINCICAL 41V GR 3,401.5 (1,010.8) 230.8 ORTHO CLINCICAL OCDXEUR EU 3,401.5 (1,010.8) 230.8 ORTHO CLINCICAL 41V TH 3,401.5 (1,010.8) 230.8 OTIS WORLDWI OTIS US 10,710.0 (3,201.0) (180.0) OTIS WORLDWI 4PG GR 10,710.0 (3,201.0) (180.0) OTIS WORLDWI 4PG GZ 10,710.0 (3,201.0) (180.0) OTIS WORLDWI OTISEUR EU 10,710.0 (3,201.0) (180.0) OTIS WORLDWI OTIS* MM 10,710.0 (3,201.0) (180.0) OTIS WORLDWI 4PG TH 10,710.0 (3,201.0) (180.0) OTIS WORLDWI 4PG QT 10,710.0 (3,201.0) (180.0) OTIS WORLDWI-BDR O1TI34 BZ 10,710.0 (3,201.0) (180.0) PAPA JOHN'S INTL PP1 GR 872.8 (8.6) 17.5 PAPA JOHN'S INTL PZZA US 872.8 (8.6) 17.5 PAPA JOHN'S INTL PZZAEUR EU 872.8 (8.6) 17.5 PAPA JOHN'S INTL PP1 GZ 872.8 (8.6) 17.5 PAPA JOHN'S INTL PP1 TH 872.8 (8.6) 17.5 PAPA JOHN'S INTL PP1 QT 872.8 (8.6) 17.5 PARATEK PHARMACE PRTK US 176.9 (102.3) 140.2 PARATEK PHARMACE N4CN GR 176.9 (102.3) 140.2 PARATEK PHARMACE N4CN TH 176.9 (102.3) 140.2 PARTS ID INC ID US 48.2 (12.7) (25.8) PAVMED INC 1P5 GR 19.8 (0.5) (1.0) PAVMED INC PAVMEUR EU 19.8 (0.5) (1.0) PAVMED INC PAVM US 19.8 (0.5) (1.0) PHASEBIO PHARMAC PHAS US 50.4 (25.2) 25.2 PHILIP MORRI-BDR PHMO34 BZ 44,815.0 (10,631.0) 1,877.0 PHILIP MORRIS IN 4I1 GR 44,815.0 (10,631.0) 1,877.0 PHILIP MORRIS IN PM US 44,815.0 (10,631.0) 1,877.0 PHILIP MORRIS IN PM1CHF EU 44,815.0 (10,631.0) 1,877.0 PHILIP MORRIS IN PM1 TE 44,815.0 (10,631.0) 1,877.0 PHILIP MORRIS IN 4I1 TH 44,815.0 (10,631.0) 1,877.0 PHILIP MORRIS IN PM1EUR EU 44,815.0 (10,631.0) 1,877.0 PHILIP MORRIS IN PMI SW 44,815.0 (10,631.0) 1,877.0 PHILIP MORRIS IN PMIZ EB 44,815.0 (10,631.0) 1,877.0 PHILIP MORRIS IN PMIZ IX 44,815.0 (10,631.0) 1,877.0 PHILIP MORRIS IN 0M8V LN 44,815.0 (10,631.0) 1,877.0 PHILIP MORRIS IN PMOR AV 44,815.0 (10,631.0) 1,877.0 PHILIP MORRIS IN PM* MM 44,815.0 (10,631.0) 1,877.0 PHILIP MORRIS IN 4I1 GZ 44,815.0 (10,631.0) 1,877.0 PHILIP MORRIS IN 4I1 QT 44,815.0 (10,631.0) 1,877.0 PHILIP MORRIS IN PMIZ TQ 44,815.0 (10,631.0) 1,877.0 PLANET FITNESS-A 3PL QT 1,849.7 (705.7) 454.9 PLANET FITNESS-A PLNT1EUR EU 1,849.7 (705.7) 454.9 PLANET FITNESS-A PLNT US 1,849.7 (705.7) 454.9 PLANET FITNESS-A 3PL TH 1,849.7 (705.7) 454.9 PLANET FITNESS-A 3PL GR 1,849.7 (705.7) 454.9 PLANET FITNESS-A 3PL GZ 1,849.7 (705.7) 454.9 PLANTRONICS INC PLT US 2,201.5 (145.0) 193.1 PLANTRONICS INC PTM GR 2,201.5 (145.0) 193.1 PLANTRONICS INC PLTEUR EU 2,201.5 (145.0) 193.1 PLANTRONICS INC PTM GZ 2,201.5 (145.0) 193.1 PLANTRONICS INC PTM TH 2,201.5 (145.0) 193.1 PLANTRONICS INC PTM QT 2,201.5 (145.0) 193.1 PONTEM CORP PNTM/U US 0.6 (0.0) (0.5) PONTEM CORP-CL A PNTM US 0.6 (0.0) (0.5) POWIN ENERGY COR PWON US 15.9 (5.9) (17.6) PPD INC PPD US 6,293.8 (711.6) 268.6 PRIORITY TECHNOL PRTH US 417.8 (98.6) (13.0) PRIORITY TECHNOL PRTHEUR EU 417.8 (98.6) (13.0) PRIORITY TECHNOL 60W GR 417.8 (98.6) (13.0) PROGENITY INC 4ZU TH 154.4 (107.0) 53.7 PROGENITY INC 4ZU GR 154.4 (107.0) 53.7 PROGENITY INC 4ZU QT 154.4 (107.0) 53.7 PROGENITY INC PROGEUR EU 154.4 (107.0) 53.7 PROGENITY INC 4ZU GZ 154.4 (107.0) 53.7 PROGENITY INC PROG US 154.4 (107.0) 53.7 PSOMAGEN INC-KDR 950200 KS 49.5 36.8 25.3 PUMA BIOTECHNOLO PBYI US 244.2 (6.0) 31.9 PUMA BIOTECHNOLO 0PB TH 244.2 (6.0) 31.9 PUMA BIOTECHNOLO 0PB GR 244.2 (6.0) 31.9 PUMA BIOTECHNOLO PBYIEUR EU 244.2 (6.0) 31.9 QUALTRICS INT-A XM US 1,039.1 (268.9) (375.9) QUALTRICS INT-A 5DX0 GR 1,039.1 (268.9) (375.9) QUALTRICS INT-A 5DX0 QT 1,039.1 (268.9) (375.9) QUALTRICS INT-A 5DX0 GZ 1,039.1 (268.9) (375.9) QUALTRICS INT-A XM1EUR EU 1,039.1 (268.9) (375.9) QUALTRICS INT-A 5DX0 TH 1,039.1 (268.9) (375.9) QUANTUM CORP QMCO US 185.8 (194.0) 1.6 QUANTUM CORP QNT2 GR 185.8 (194.0) 1.6 QUANTUM CORP QTM1EUR EU 185.8 (194.0) 1.6 QUANTUM CORP QNT2 TH 185.8 (194.0) 1.6 RADIUS HEALTH IN RDUS US 191.6 (123.7) 107.4 RADIUS HEALTH IN 1R8 GR 191.6 (123.7) 107.4 RADIUS HEALTH IN 1R8 TH 191.6 (123.7) 107.4 RADIUS HEALTH IN 1R8 QT 191.6 (123.7) 107.4 RADIUS HEALTH IN RDUSEUR EU 191.6 (123.7) 107.4 REVLON INC-A RVL1 GR 2,527.7 (1,862.0) 202.2 REVLON INC-A REV US 2,527.7 (1,862.0) 202.2 REVLON INC-A REV* MM 2,527.7 (1,862.0) 202.2 REVLON INC-A RVL1 TH 2,527.7 (1,862.0) 202.2 REVLON INC-A REVEUR EU 2,527.7 (1,862.0) 202.2 RIMINI STREET IN RMNI US 279.9 (63.1) (62.1) RR DONNELLEY & S DLLN TH 3,130.9 (243.8) 466.4 RR DONNELLEY & S RRD US 3,130.9 (243.8) 466.4 RR DONNELLEY & S DLLN GR 3,130.9 (243.8) 466.4 RR DONNELLEY & S RRDEUR EU 3,130.9 (243.8) 466.4 RUSH STREET INTE RSI US 308.6 (97.2) (106.5) SBA COMM CORP 4SB GR 9,158.0 (4,809.2) (141.8) SBA COMM CORP SBAC US 9,158.0 (4,809.2) (141.8) SBA COMM CORP SBAC* MM 9,158.0 (4,809.2) (141.8) SBA COMM CORP 4SB TH 9,158.0 (4,809.2) (141.8) SBA COMM CORP 4SB GZ 9,158.0 (4,809.2) (141.8) SBA COMM CORP 4SB QT 9,158.0 (4,809.2) (141.8) SBA COMM CORP SBACEUR EU 9,158.0 (4,809.2) (141.8) SBA COMMUN - BDR S1BA34 BZ 9,158.0 (4,809.2) (141.8) SCIENTIFIC GAMES TJW TH 7,984.0 (2,524.0) 1,348.0 SCIENTIFIC GAMES TJW GZ 7,984.0 (2,524.0) 1,348.0 SCIENTIFIC GAMES SGMS US 7,984.0 (2,524.0) 1,348.0 SCIENTIFIC GAMES TJW GR 7,984.0 (2,524.0) 1,348.0 SEAWORLD ENTERTA SEAS US 2,566.4 (105.8) 190.3 SEAWORLD ENTERTA W2L GR 2,566.4 (105.8) 190.3 SEAWORLD ENTERTA W2L TH 2,566.4 (105.8) 190.3 SEAWORLD ENTERTA SEASEUR EU 2,566.4 (105.8) 190.3 SECOND SIGHT MED EYES US 4.5 (0.7) (0.9) SECOND SIGHT MED 24PA GR 4.5 (0.7) (0.9) SECOND SIGHT MED EYESEUR EU 4.5 (0.7) (0.9) SELECTA BIOSCIEN SELB US 165.4 (18.0) 69.8 SELECTA BIOSCIEN 1S7 GR 165.4 (18.0) 69.8 SELECTA BIOSCIEN SELBEUR EU 165.4 (18.0) 69.8 SELECTA BIOSCIEN 1S7 TH 165.4 (18.0) 69.8 SELECTA BIOSCIEN 1S7 GZ 165.4 (18.0) 69.8 SHELL MIDSTREAM SHLX US 2,347.0 (458.0) 312.0 SIENTRA INC SIEN3EUR EU 169.0 (0.6) 58.6 SIENTRA INC SIEN US 169.0 (0.6) 58.6 SIENTRA INC S0Z GR 169.0 (0.6) 58.6 SINCLAIR BROAD-A SBGI US 13,382.0 (995.0) 2,183.0 SINCLAIR BROAD-A SBTA GR 13,382.0 (995.0) 2,183.0 SINCLAIR BROAD-A SBTA TH 13,382.0 (995.0) 2,183.0 SINCLAIR BROAD-A SBTA QT 13,382.0 (995.0) 2,183.0 SINCLAIR BROAD-A SBGIEUR EU 13,382.0 (995.0) 2,183.0 SINCLAIR BROAD-A SBTA GZ 13,382.0 (995.0) 2,183.0 SIRIUS XM HO-BDR SRXM34 BZ 10,333.0 (2,285.0) (2,200.0) SIRIUS XM HOLDIN SIRI US 10,333.0 (2,285.0) (2,200.0) SIRIUS XM HOLDIN RDO GR 10,333.0 (2,285.0) (2,200.0) SIRIUS XM HOLDIN RDO TH 10,333.0 (2,285.0) (2,200.0) SIRIUS XM HOLDIN SIRI AV 10,333.0 (2,285.0) (2,200.0) SIRIUS XM HOLDIN SIRIEUR EU 10,333.0 (2,285.0) (2,200.0) SIRIUS XM HOLDIN RDO GZ 10,333.0 (2,285.0) (2,200.0) SIRIUS XM HOLDIN RDO QT 10,333.0 (2,285.0) (2,200.0) SIX FLAGS ENTERT 6FE GR 2,772.7 (635.2) (145.7) SIX FLAGS ENTERT 6FE QT 2,772.7 (635.2) (145.7) SIX FLAGS ENTERT 6FE TH 2,772.7 (635.2) (145.7) SIX FLAGS ENTERT SIXEUR EU 2,772.7 (635.2) (145.7) SIX FLAGS ENTERT SIX US 2,772.7 (635.2) (145.7) SLEEP NUMBER COR SL2 GR 800.1 (224.0) (474.1) SLEEP NUMBER COR SNBR US 800.1 (224.0) (474.1) SLEEP NUMBER COR SNBREUR EU 800.1 (224.0) (474.1) SQL TECHNOLOGIES SQFL US 7.0 (22.9) (19.6) STARBUCKS CORP SBUX* MM 29,968.4 (7,904.0) 473.6 STARBUCKS CORP SRB GR 29,968.4 (7,904.0) 473.6 STARBUCKS CORP SRB TH 29,968.4 (7,904.0) 473.6 STARBUCKS CORP TCXSBU AU 29,968.4 (7,904.0) 473.6 STARBUCKS CORP USSBUX KZ 29,968.4 (7,904.0) 473.6 STARBUCKS CORP 0QZH LI 29,968.4 (7,904.0) 473.6 STARBUCKS CORP SBUX AV 29,968.4 (7,904.0) 473.6 STARBUCKS CORP SBUXEUR EU 29,968.4 (7,904.0) 473.6 STARBUCKS CORP SBUX TE 29,968.4 (7,904.0) 473.6 STARBUCKS CORP SBUX IM 29,968.4 (7,904.0) 473.6 STARBUCKS CORP SBUX US 29,968.4 (7,904.0) 473.6 STARBUCKS CORP SBUX CI 29,968.4 (7,904.0) 473.6 STARBUCKS CORP SBUXUSD SW 29,968.4 (7,904.0) 473.6 STARBUCKS CORP SRB GZ 29,968.4 (7,904.0) 473.6 STARBUCKS CORP SBUX PE 29,968.4 (7,904.0) 473.6 STARBUCKS CORP SBUX SW 29,968.4 (7,904.0) 473.6 STARBUCKS CORP SRB QT 29,968.4 (7,904.0) 473.6 STARBUCKS CORP SBUXCL CI 29,968.4 (7,904.0) 473.6 STARBUCKS-BDR SBUB34 BZ 29,968.4 (7,904.0) 473.6 STARBUCKS-CEDEAR SBUXD AR 29,968.4 (7,904.0) 473.6 STARBUCKS-CEDEAR SBUX AR 29,968.4 (7,904.0) 473.6 SVF INVESTMENT C SVFAU US 0.6 (0.1) (0.7) SVF INVESTMENT-A SVFA US 0.6 (0.1) (0.7) TASTEMAKER ACQ-A TMKR US 0.2 0.0 (0.1) TASTEMAKER ACQUI TMKRU US 0.2 0.0 (0.1) THOMA BRAVO ADVA TBA US 1.2 (0.0) (1.2) THUNDER BRIDGE C TBCPU US 0.1 (0.0) (0.1) THUNDER BRIDGE-A TBCP US 0.1 (0.0) (0.1) TPCO HOLDING COR GRAM/U CN 607.7 (3.3) (3.3) TPCO HOLDING COR GRAMF US 607.7 (3.3) (3.3) TRANSDIGM - BDR T1DG34 BZ 18,557.0 (3,721.0) 5,511.0 TRANSDIGM GROUP TDG US 18,557.0 (3,721.0) 5,511.0 TRANSDIGM GROUP T7D GR 18,557.0 (3,721.0) 5,511.0 TRANSDIGM GROUP TDG* MM 18,557.0 (3,721.0) 5,511.0 TRANSDIGM GROUP T7D TH 18,557.0 (3,721.0) 5,511.0 TRANSDIGM GROUP T7D QT 18,557.0 (3,721.0) 5,511.0 TRANSDIGM GROUP TDGEUR EU 18,557.0 (3,721.0) 5,511.0 TRAVEL + LEISURE TNL US 7,613.0 (968.0) 1,545.0 TRAVEL + LEISURE WD5A GR 7,613.0 (968.0) 1,545.0 TRAVEL + LEISURE WD5A TH 7,613.0 (968.0) 1,545.0 TRAVEL + LEISURE WD5A QT 7,613.0 (968.0) 1,545.0 TRAVEL + LEISURE WYNEUR EU 7,613.0 (968.0) 1,545.0 TRAVEL + LEISURE WD5A GZ 7,613.0 (968.0) 1,545.0 TRIUMPH GROUP TG7 GR 2,401.9 (1,069.8) 699.1 TRIUMPH GROUP TGI US 2,401.9 (1,069.8) 699.1 TRIUMPH GROUP TG7 TH 2,401.9 (1,069.8) 699.1 TRIUMPH GROUP TGIEUR EU 2,401.9 (1,069.8) 699.1 TUPPERWARE BRAND TUP GR 1,219.9 (204.7) (363.6) TUPPERWARE BRAND TUP US 1,219.9 (204.7) (363.6) TUPPERWARE BRAND TUP TH 1,219.9 (204.7) (363.6) TUPPERWARE BRAND TUP1EUR EU 1,219.9 (204.7) (363.6) TUPPERWARE BRAND TUP GZ 1,219.9 (204.7) (363.6) TUPPERWARE BRAND TUP QT 1,219.9 (204.7) (363.6) UBIQUITI INC UI US 781.2 (181.8) 374.7 UBIQUITI INC 3UB GR 781.2 (181.8) 374.7 UBIQUITI INC 3UB GZ 781.2 (181.8) 374.7 UBIQUITI INC UBNTEUR EU 781.2 (181.8) 374.7 UNISYS CORP USY1 TH 2,707.9 (312.1) 570.9 UNISYS CORP USY1 GR 2,707.9 (312.1) 570.9 UNISYS CORP UIS US 2,707.9 (312.1) 570.9 UNISYS CORP UIS1 SW 2,707.9 (312.1) 570.9 UNISYS CORP UISEUR EU 2,707.9 (312.1) 570.9 UNISYS CORP UISCHF EU 2,707.9 (312.1) 570.9 UNISYS CORP USY1 GZ 2,707.9 (312.1) 570.9 UNISYS CORP USY1 QT 2,707.9 (312.1) 570.9 UNITI GROUP INC 8XC SW 4,731.8 (2,072.4) - UNITI GROUP INC 8XC TH 4,731.8 (2,072.4) - UNITI GROUP INC 8XC GR 4,731.8 (2,072.4) - UNITI GROUP INC UNIT US 4,731.8 (2,072.4) - UNITI GROUP INC 8XC GZ 4,731.8 (2,072.4) - VALVOLINE INC 0V4 TH 3,156.0 (55.0) 708.0 VALVOLINE INC VVVEUR EU 3,156.0 (55.0) 708.0 VALVOLINE INC 0V4 GR 3,156.0 (55.0) 708.0 VALVOLINE INC 0V4 QT 3,156.0 (55.0) 708.0 VALVOLINE INC VVV US 3,156.0 (55.0) 708.0 VECTOR GROUP LTD VGR US 1,343.4 (659.7) 380.6 VECTOR GROUP LTD VGR GR 1,343.4 (659.7) 380.6 VECTOR GROUP LTD VGR TH 1,343.4 (659.7) 380.6 VECTOR GROUP LTD VGREUR EU 1,343.4 (659.7) 380.6 VECTOR GROUP LTD VGR QT 1,343.4 (659.7) 380.6 VECTOR GROUP LTD VGR GZ 1,343.4 (659.7) 380.6 VERANO HOLDINGS VRNO CN 0.1 (0.0) (0.0) VERANO HOLDINGS VRNOF US 0.1 (0.0) (0.0) VERISIGN INC VRS TH 1,766.9 (1,390.2) 229.2 VERISIGN INC VRSN US 1,766.9 (1,390.2) 229.2 VERISIGN INC VRS GR 1,766.9 (1,390.2) 229.2 VERISIGN INC VRSN* MM 1,766.9 (1,390.2) 229.2 VERISIGN INC VRSNEUR EU 1,766.9 (1,390.2) 229.2 VERISIGN INC VRS GZ 1,766.9 (1,390.2) 229.2 VERISIGN INC VRS QT 1,766.9 (1,390.2) 229.2 VERISIGN INC-BDR VRSN34 BZ 1,766.9 (1,390.2) 229.2 VERISIGN-CEDEAR VRSN AR 1,766.9 (1,390.2) 229.2 VERY GOOD FOOD C 0SI GR 15.8 9.1 8.1 VERY GOOD FOOD C VERY1EUR EU 15.8 9.1 8.1 VERY GOOD FOOD C VERY CN 15.8 9.1 8.1 VERY GOOD FOOD C VRYYF US 15.8 9.1 8.1 VERY GOOD FOOD C 0SI TH 15.8 9.1 8.1 VERY GOOD FOOD C 0SI GZ 15.8 9.1 8.1 VERY GOOD FOOD C 0SI QT 15.8 9.1 8.1 VISION HYDROGEN VIHD US 0.3 (0.3) (0.5) VITASPRING BIOME VSBC US 0.0 (0.1) (0.1) VIVINT SMART HOM VVNT US 2,877.5 (1,487.3) (316.5) W&T OFFSHORE INC WTI US 940.6 (208.3) (7.8) W&T OFFSHORE INC UWV GR 940.6 (208.3) (7.8) W&T OFFSHORE INC UWV SW 940.6 (208.3) (7.8) W&T OFFSHORE INC WTI1EUR EU 940.6 (208.3) (7.8) W&T OFFSHORE INC UWV TH 940.6 (208.3) (7.8) WALDENCAST ACQUI WALDU US 0.2 (0.0) (0.2) WAYFAIR INC- A W US 4,569.9 (1,191.9) 880.2 WAYFAIR INC- A W* MM 4,569.9 (1,191.9) 880.2 WAYFAIR INC- A 1WF GZ 4,569.9 (1,191.9) 880.2 WAYFAIR INC- A 1WF QT 4,569.9 (1,191.9) 880.2 WAYFAIR INC- A 1WF GR 4,569.9 (1,191.9) 880.2 WAYFAIR INC- A 1WF TH 4,569.9 (1,191.9) 880.2 WAYFAIR INC- A WEUR EU 4,569.9 (1,191.9) 880.2 WIDEOPENWEST INC WU5 GR 2,487.0 (212.4) (121.1) WIDEOPENWEST INC WU5 TH 2,487.0 (212.4) (121.1) WIDEOPENWEST INC WU5 QT 2,487.0 (212.4) (121.1) WIDEOPENWEST INC WOW1EUR EU 2,487.0 (212.4) (121.1) WIDEOPENWEST INC WOW US 2,487.0 (212.4) (121.1) WINGSTOP INC WING1EUR EU 211.6 (341.3) 22.1 WINGSTOP INC WING US 211.6 (341.3) 22.1 WINGSTOP INC EWG GR 211.6 (341.3) 22.1 WINGSTOP INC EWG GZ 211.6 (341.3) 22.1 WINMARK CORP WINA US 31.3 (11.4) 6.9 WINMARK CORP GBZ GR 31.3 (11.4) 6.9 WW INTERNATIONAL WW US 1,481.2 (548.2) (40.9) WW INTERNATIONAL WW6 GR 1,481.2 (548.2) (40.9) WW INTERNATIONAL WW6 SW 1,481.2 (548.2) (40.9) WW INTERNATIONAL WW6 TH 1,481.2 (548.2) (40.9) WW INTERNATIONAL WTW AV 1,481.2 (548.2) (40.9) WW INTERNATIONAL WW6 GZ 1,481.2 (548.2) (40.9) WW INTERNATIONAL WTWEUR EU 1,481.2 (548.2) (40.9) WW INTERNATIONAL WW6 QT 1,481.2 (548.2) (40.9) WYNN RESORTS LTD WYR GR 13,869.5 (737.3) 1,932.3 WYNN RESORTS LTD WYR TH 13,869.5 (737.3) 1,932.3 WYNN RESORTS LTD WYNN US 13,869.5 (737.3) 1,932.3 WYNN RESORTS LTD WYNN* MM 13,869.5 (737.3) 1,932.3 WYNN RESORTS LTD WYNNEUR EU 13,869.5 (737.3) 1,932.3 WYNN RESORTS LTD WYR GZ 13,869.5 (737.3) 1,932.3 WYNN RESORTS LTD WYNN SW 13,869.5 (737.3) 1,932.3 WYNN RESORTS LTD WYR QT 13,869.5 (737.3) 1,932.3 WYNN RESORTS-BDR W1YN34 BZ 13,869.5 (737.3) 1,932.3 YELLOW CORP YEL GR 2,185.8 (223.3) 329.1 YELLOW CORP YELL US 2,185.8 (223.3) 329.1 YELLOW CORP YEL1 SW 2,185.8 (223.3) 329.1 YELLOW CORP YEL1 TH 2,185.8 (223.3) 329.1 YELLOW CORP YRCWEUR EU 2,185.8 (223.3) 329.1 YELLOW CORP YEL QT 2,185.8 (223.3) 329.1 YUM! BRANDS -BDR YUMR34 BZ 5,852.0 (7,891.0) 14.0 YUM! BRANDS INC TGR TH 5,852.0 (7,891.0) 14.0 YUM! BRANDS INC TGR GR 5,852.0 (7,891.0) 14.0 YUM! BRANDS INC YUM* MM 5,852.0 (7,891.0) 14.0 YUM! BRANDS INC YUM US 5,852.0 (7,891.0) 14.0 YUM! BRANDS INC YUM AV 5,852.0 (7,891.0) 14.0 YUM! BRANDS INC TGR TE 5,852.0 (7,891.0) 14.0 YUM! BRANDS INC YUMUSD SW 5,852.0 (7,891.0) 14.0 YUM! BRANDS INC TGR GZ 5,852.0 (7,891.0) 14.0 YUM! BRANDS INC YUMEUR EU 5,852.0 (7,891.0) 14.0 YUM! BRANDS INC TGR QT 5,852.0 (7,891.0) 14.0 YUM! BRANDS INC YUM SW 5,852.0 (7,891.0) 14.0 ********* 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 2021. 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 ***