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
STEALTHGAS INC COM Y81669106 1,881 537,475 SH   SOLE 0 537,475 0 0
ALICO INC COM 016230104 2,503 92,000 SH   SOLE 0 92,000 0 0
ALTABA INC COM 021346101 11,118 150,000 SH   SOLE 0 150,000 0 0
BRT APARTMENTS CORP COM 055645303 3,179 229,010 SH   SOLE 0 229,010 0 0
BARNES & NOBLE ED INC COM 06777U101 5,628 1,340,000 SH   SOLE 0 1,340,000 0 0
BARNES & NOBLE INC COM 067774109 12,896 2,375,000 SH   SOLE 0 2,375,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 477 10,000 SH   SOLE 0 10,000 0 0
CORNING INC COM 219350105 26,480 800,000 SH   SOLE 0 800,000 0 0
DOWDUPONT INC COM 26078J100 1,599 30,000 SH   SOLE 0 30,000 0 0
ELEMENT SOLUTIONS INC COM 28618M106 253 25,000 SH   SOLE 0 25,000 0 0
EMMIS COMMUNICATIONS CORP COM 291525400 573 160,000 SH   SOLE 0 160,000 0 0
EVINE LIVE INC COM 300487105 395 841,712 SH   SOLE 0 841,712 0 0
GYRODYNE LLC COM 403829104 1,827 101,500 SH   SOLE 0 101,500 0 0
LANDS END INC NEW COM 51509F105 6,229 375,000 SH   SOLE 0 375,000 0 0
REALNETWORKS INC COM 75605L708 233 75,000 SH   SOLE 0 75,000 0 0
SAGA COMMUNICATIONS INC COM 786598300 38,565 1,161,936 SH   SOLE 0 1,161,936 0 0
SANOFI RIGHT 12/31/2020 RTS 80105N113 216 479,698 SH   SOLE 0 479,698 0 0
SEARS HOMETOWN & OUTLET STORES INC COM 812362101 55 25,000 SH   SOLE 0 25,000 0 0
SHUTTERFLY INC COM 82568P304 102 2,500 SH   SOLE 0 2,500 0 0
TEJON RANCH CO COM 879080109 64,639 3,672,659 SH   SOLE 0 3,672,659 0 0