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

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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 9,894 894,573 SH   SOLE   894,573 0 0
BGC PARTNERS INC-CL A CL A 05541T101 3,715 410,508 SH   SOLE   410,508 0 0
BRT REALTY TRUST SH BEN INT 055645303 6,365 915,779 SH   SOLE   915,779 0 0
DELTA APPAREL INC COM 247368103 14,120 737,709 SH   SOLE   737,709 0 0
DESTINATION XL GROUP INC COM 25065K104 11,305 2,186,612 SH   SOLE   2,186,612 0 0
GENIE ENERGY LTD-B CL B 372284208 4,107 539,731 SH   SOLE   539,731 0 0
INFUSYSTEM HOLDINGS INC COM 45685K102 7,146 2,030,119 SH   SOLE   2,030,119 0 0
MORGANS HOTEL GROUP CO COM 61748W108 906 656,184 SH   SOLE   656,184 0 0
QLT INC COM 746927102 853 428,844 SH   SOLE   428,844 0 0
RUBY TUESDAY INC COM 781182100 4,489 834,296 SH   SOLE   834,296 0 0
RYMAN HOSPITALITY PROPERTIES COM 78377T107 725 14,079 SH   SOLE   14,079 0 0