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
APPLE INC COM 037833100 1,977 10,408 SH   OTR   0 10,408 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,205 4 SH   OTR   0 4 0
CANTERBURY PARK HOLDING CORP COM 13811E101 3,101 213,554 SH   OTR   0 213,554 0
CINCINNATI BELL INC NEW COM NEW 171871502 15,491 1,623,821 SH   OTR   0 1,623,821 0
CONSUMER PORTFOLIO SVCS INC COM 210502100 1,635 468,464 SH   OTR   0 468,464 0
SARATOGA INVT CORP COM NEW 80349A208 18,102 812,470 SH   OTR   0 812,470 0
TRANSOCEAN LTD REG SHS H8817H100 59,271 6,804,983 SH   OTR   0 6,804,983 0