The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ASCENA RETAIL GROUP INC COM 04351G101 17,994 1,041,300 SH   SOLE   1,041,300 0 0
BGC PARTNERS INC-CL A CL A 05541T101 6,050 925,000 SH   SOLE   925,000 0 0
BOLT TECHNOLOGY CORP COM 097698104 7,885 398,823 SH   SOLE   398,823 0 0
BRT REALTY TRUST SH BEN INT 055645303 7,311 1,025,400 SH   SOLE   1,025,400 0 0
DELTA APPAREL INC COM 247368103 9,871 603,334 SH   SOLE   603,334 0 0
DESTINATION MATERNITY CORP COM 25065D100 2,646 96,576 SH   SOLE   96,576 0 0
DESTINATION XL GROUP INC COM 25065K104 6,505 1,153,361 SH   SOLE   1,153,361 0 0
GENIE ENERGY LTD-B CL B 372284208 3,539 355,000 SH   SOLE   355,000 0 0
INFUSYSTEM HOLDINGS INC COM 45685K102 5,955 2,145,348 SH   SOLE   2,145,348 0 0
LEARNING TREE INTERNATIONAL COM 522015106 1,284 395,016 SH   SOLE   395,016 0 0
MFC INDUSTRIAL LTD COM 55278T105 3,495 440,210 SH   SOLE   440,210 0 0
MITCHAM INDUSTRIES INC COM 606501104 5,871 421,164 SH   SOLE   421,164 0 0
MORGANS HOTEL GROUP CO COM 61748W108 11,851 1,473,995 SH   SOLE   1,473,995 0 0
QLT INC COM 746927102 6,867 1,235,144 SH   SOLE   1,235,144 0 0
RUBY TUESDAY INC COM 781182100 9,493 1,692,157 SH   SOLE   1,692,157 0 0
RYMAN HOSPITALITY PROPERTIES COM 78377T107 9,567 225,000 SH   SOLE   225,000 0 0
SEARS HOLDINGS CORP COM 812350106 8,501 178,000 SH   SOLE   178,000 0 0
SKECHERS USA INC-CL A CL A 830566105 21,333 583,832 SH   SOLE   583,832 0 0
WET SEAL INC/THE-CLASS A CL A 961840105 4,422 3,350,098 SH   SOLE   3,350,098 0 0