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 2,376 21,541 SH   SOLE 0 21,541 0
COVISINT CORP COM 22357R103 4,150 1,930,291 SH   SOLE 0 1,930,291 0
DIVERSIFIED REAL ASSET INC F COM SHS 25533B108 971 60,370 SH   SOLE 0 60,370 0
DSP GROUP INC COM 23332B106 2,928 321,361 SH   SOLE 0 321,361 0
LIQUIDITY SERVICES INC COM 53635B107 2,672 361,590 SH   SOLE 0 361,590 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 765 55,700 SH   SOLE 0 55,700 0
PARATEK PHARMACEUTICALS INC COM 699374302 3,835 201,845 SH   SOLE 0 201,845 0
QEP RES INC COM 74733V100 2,004 159,950 SH   SOLE 0 159,950 0
ROSETTA STONE INC COM 777780107 8,913 1,330,338 SH   SOLE 0 1,330,338 0
SANDSTORM GOLD LTD COM NEW 80013R206 4,042 1,513,840 SH   SOLE 0 1,513,840 0
SEACHANGE INTL INC COM 811699107 9,055 1,437,260 SH   SOLE 0 1,437,260 0
SIZMEK INC COM 83013P105 7,579 1,265,230 SH   SOLE 0 1,265,230 0