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
180 DEGREE CAP CORP COM 68235B109 93 50,000 SH   SOLE   50,000 0 0
AERCAP HOLDINGS NV SHS N00985106 5,479 117,723 SH   SOLE   117,723 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 762 150,000 SH   SOLE   150,000 0 0
ALEXCO RESOURCE CORP COM 01535P106 694 573,400 SH   SOLE   573,400 0 0
AMALGAMATED BK NEW YORK N Y CLASS A 022663108 407 26,000 SH   SOLE   26,000 0 0
AMBAC FINL GROUP INC COM NEW 023139884 906 50,000 SH   SOLE   50,000 0 0
ARCOSA INC COM 039653100 916 30,000 SH   SOLE   30,000 0 0
BARCLAYS BK PLC IPATH B COFFEE 06746P563 848 25,000 SH   SOLE   25,000 0 0
CBS CORP NEW CL B 124857202 2,168 45,613 SH   SOLE   45,613 0 0
CNX RESOURCES CORPORATION COM 12653C108 1,992 185,000 SH   SOLE   185,000 0 0
COLUMBIA FINL INC COM 197641103 784 50,000 SH   SOLE   50,000 0 0
CONSOL COAL RES LP COM UNIT 20855T100 621 35,146 SH   SOLE   35,146 0 0
CONSOL ENERGY INC NEW COM 20854L108 1,536 44,875 SH   SOLE   44,875 0 0
DELL TECHNOLOGIES INC CL C 24703L202 1,525 25,983 SH   SOLE   25,983 0 0
FIRST BANCORP P R COM NEW 318672706 1,031 90,000 SH   SOLE   90,000 0 0
FLY LEASING LTD SPONSORED ADR 34407D109 2,205 159,350 SH   SOLE   159,350 0 0
FORTUNA SILVER MINES INC COM 349915108 469 140,000 SH   SOLE   140,000 0 0
GLOBAL SELF STORAGE INC COM 37955N106 298 77,294 SH   SOLE   77,294 0 0
GOODRICH PETE CORP COM PAR 382410843 8,269 608,034 SH   SOLE   608,034 0 0
HIGHPOINT RES CORP COM 43114K108 592 268,000 SH   SOLE   268,000 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 245 2,669 SH   SOLE   2,669 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 820 8,939 SH   SOLE   8,939 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 313 8,939 SH   SOLE   8,939 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 1,367 35,756 SH   SOLE   35,756 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 683 17,878 SH   SOLE   17,878 0 0
LONESTAR RES US INC CL A VTG 54240F103 200 50,000 SH   SOLE   50,000 0 0
MACKINAC FINL CORP COM 554571109 842 53,474 SH   SOLE   53,474 0 0
MAG SILVER CORP COM 55903Q104 3,549 332,900 SH   SOLE   332,900 0 0
MAYS J W INC COM 578473100 1,703 44,939 SH   SOLE   44,939 0 0
MITCHAM INDS INC COM 606501104 1,308 332,700 SH   SOLE   332,700 0 0
NAPCO SEC TECHNOLOGIES INC COM 630402105 2,946 142,024 SH   SOLE   142,024 0 0
NUVECTRA CORP COM 67075N108 2,518 228,675 SH   SOLE   228,675 0 0
OTELCO INC CL A NEW 688823301 492 30,000 SH   SOLE   30,000 0 0
POPULAR INC COM NEW 733174700 13,158 252,400 SH   SOLE   252,400 0 0
PROSHARES TR II ULTRA VIX SHORT 74347W148 972 25,000 SH   SOLE   25,000 0 0
PROVIDENT FINL HLDGS INC COM 743868101 7,159 359,394 SH   SOLE   359,394 0 0
PRUDENTIAL BANCORP INC NEW COM 74431A101 573 33,040 SH   SOLE   33,040 0 0
RAND CAP CORP COM 752185108 156 55,000 SH   SOLE   55,000 0 0
RIVERVIEW FINL CORP NEW COM 76940Q105 543 47,204 SH   SOLE   47,204 0 0
ROAN RES INC CL A COM 769755109 3,478 569,284 SH   SOLE   569,284 0 0
SANDSTORM GOLD LTD COM NEW 80013R206 658 120,000 SH   SOLE   120,000 0 0
SILVERCORP METALS INC COM 82835P103 382 150,000 SH   SOLE   150,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 7,822 253,958 SH   SOLE   253,958 0 0
SRC ENERGY INC COM 78470V108 512 100,000 SH   SOLE   100,000 0 0
STANDARD AVB FINL CORP COM 85303B100 5,505 204,108 SH   SOLE   204,108 0 0
SYNACOR INC COM 871561106 252 160,539 SH   SOLE   160,539 0 0
TITAN INTL INC ILL COM 88830M102 423 70,893 SH   SOLE   70,893 0 0
UNITED BANCORP INC OHIO COM 909911109 163 15,000 SH   SOLE   15,000 0 0
VOXX INTL CORP CL A 91829F104 462 100,000 SH   SOLE   100,000 0 0
WCF BANCORP INC COM 92940L103 649 78,708 SH   SOLE   78,708 0 0