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
STEALTHGAS INC COM Y81669106 1,339 485,000 SH   SOLE 0 485,000 0 0
ALICO INC COM 016230104 2,578 87,390 SH   SOLE 0 87,390 0 0
ALTABA INC COM COM 021346101 8,691 150,000 SH   SOLE 0 150,000 0 0
BRT APARTMENTS CORP COM COM 055645303 2,847 248,900 SH   SOLE 0 248,900 0 0
BARNES & NOBLE ED INC COM 06777U101 5,373 1,340,000 SH   SOLE 0 1,340,000 0 0
BARNES & NOBLE INC COM 067774109 16,839 2,375,000 SH   SOLE 0 2,375,000 0 0
CORNING INC COM 219350105 24,168 800,000 SH   SOLE 0 800,000 0 0
DOWDUPONT INC COM COM 26078J100 1,604 30,000 SH   SOLE 0 30,000 0 0
EMMIS COMMUNICATIONS CORP COM 291525400 510 160,000 SH   SOLE 0 160,000 0 0
EVINE LIVE INC COM 300487105 336 841,712 SH   SOLE 0 841,712 0 0
GYRODYNE LLC COM 403829104 1,756 101,500 SH   SOLE 0 101,500 0 0
LANDS END INC NEW COM 51509F105 5,329 375,000 SH   SOLE 0 375,000 0 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 258 25,000 SH   SOLE 0 25,000 0 0
REALNETWORKS INC COM 75605L708 173 75,000 SH   SOLE 0 75,000 0 0
SAGA COMMUNICATIONS INC COM 786598300 38,611 1,161,936 SH   SOLE 0 1,161,936 0 0
SANOFI RIGHT 12/31/2020 RTS 80105N113 230 479,698 SH   SOLE 0 479,698 0 0
SEARS HOMETOWN & OUTLET STORES INC COM 812362101 53 25,000 SH   SOLE 0 25,000 0 0
TEJON RANCH CO COM 879080109 60,893 3,672,659 SH   SOLE 0 3,672,659 0 0
VAXART INC COM 92243A200 3 1,818 SH   SOLE 0 1,818 0 0