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
AZZ COMMON STOCK 002474104 244 5,000 SH   SOLE   5,000 0 0
ANCHOR COMMON STOCK 032838104 1,851 101,189 SH   SOLE   101,189 0 0
ARROW ELECTRONICS INC COMMON STOCK 042735100 239 4,400 SH   SOLE   4,400 0 0
ASHFORD HOSPITALITY COMMON STOCK 044103109 209 25,200 SH   SOLE   25,200 0 0
BNC COMMON STOCK 05566T101 216 12,600 SH   SOLE   12,600 0 0
BARNES GROUP INC COMMON STOCK 067806109 226 5,900 SH   SOLE   5,900 0 0
BELDEN COMMON STOCK 077454106 275 3,900 SH   SOLE   3,900 0 0
CACI INTERNATIONAL COMMON STOCK 127190304 201 2,752 SH   SOLE   2,752 0 0
CAMBREX CORP COMMON STOCK 132011107 261 14,652 SH   SOLE   14,652 0 0
COLUMBIA COMMON STOCK 197236102 213 7,752 SH   SOLE   7,752 0 0
COMMERCIAL VEHICLE GROUP COMMON STOCK 202608105 132 18,100 SH   SOLE   18,100 0 0
DARLING COMMON STOCK 237266101 219 10,500 SH   SOLE   10,500 0 0
ESTERLINE TECHNOLOGIES CORP. COMMON STOCK 297425100 232 2,276 SH   SOLE   2,276 0 0
FTI COMMON STOCK 302941109 206 5,000 SH   SOLE   5,000 0 0
GAMESTOP CORPORATION COMMON STOCK 36467W109 337 6,852 SH   SOLE   6,852 0 0
GRIFFON COMMON STOCK 398433102 162 12,300 SH   SOLE   12,300 0 0
GROUP 1 AUTOMOTIVE COMMON STOCK 398905109 288 4,052 SH   SOLE   4,052 0 0
INVACARE COMMON STOCK 461203101 255 11,000 SH   SOLE   11,000 0 0
JP MORGAN COMMON STOCK 46625H100 32 550 SH   SOLE   550 0 0
JP MORGAN COMMON STOCK 46625H100 1,352 23,122 SH   OTR   0 0 23,122
KMG COMMON STOCK 482564101 209 12,400 SH   SOLE   12,400 0 0
MANITOWOC CO INC COMMON STOCK 563571108 285 12,200 SH   SOLE   12,200 0 0
MEADOWBROOK COMMON STOCK 58319P108 84 12,100 SH   SOLE   12,100 0 0
NCR CORPORATION COMMON STOCK 62886E108 305 8,952 SH   SOLE   8,952 0 0
NEWMARKET COMMON STOCK 651587107 284 852 SH   SOLE   852 0 0
SM ENERGY COMMON STOCK 78454L100 266 3,200 SH   SOLE   3,200 0 0
TTM TECHNOLOGIES INC COMMON STOCK 87305R109 150 17,444 SH   SOLE   17,444 0 0
WAL-MART COMMON STOCK 931142103 787 10,000 SH   SOLE   10,000 0 0
MONA VIE INC CAPITAL STOCK COMMON STOCK CS0002598 9,132 12,861,861 SH   SOLE   12,861,861 0 0
DAKOTA SUPPLY GROUP COMMON STOCK CS9000114 97,994 168,873 SH   SOLE   0 0 168,873
CARVER MACHINE WORKS COMMON STOCK CS9000122 2,304 80,285 SH   SOLE   0 0 80,285
EQUIPOISE CORPORATION & COMMON STOCK CS9000189 3,842 92,158 SH   SOLE   0 0 92,158
MBW COMPANY CLASS A COMMON STOCK COMMON STOCK CS9000197 2,500 120,000 SH   SOLE   0 0 120,000
SHIFT COMMUNICATIONS COMMON STOCK CS9000437 1,920 20,000 SH   SOLE   0 0 20,000
HAVILAND ENTERPRISES COMMON STOCK CS9000569 18,587 853,395 SH   SOLE   0 0 853,395
CRAMER & ASSOCIATES COMMON STOCK SU0013957 6,838 50,283 SH   SOLE   50,283 0 0