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
AMBASSADORS GROUP INC COM 023177108 7,629 3,051,697 SH   OTR 1, 2 0 3,051,697 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,637 30,000 SH Call OTR 1, 2 0 30,000 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 5,321 300,600 SH   OTR 1, 2 0 300,600 0
GENERAL MTRS CO COM 37045V100 8,693 249,000 SH   OTR 1, 2 0 249,000 0
GENERAL MTRS CO *W EXP 12/31/201 37045V134 517 450,000 SH   OTR 1, 2 0 450,000 0
GOOGLE INC CL A 38259P508 9,982 18,810 SH   OTR 1, 2 0 18,810 0
GOOGLE INC CL C 38259P706 9,902 18,810 SH   OTR 1, 2 0 18,810 0
HALLADOR ENERGY COMPANY COM 40609P105 5,864 532,638 SH   OTR 1, 2 0 532,638 0
HILLTOP HOLDINGS INC COM 432748101 11,677 585,338 SH   OTR 1, 2 0 585,338 0
JAMBA INC COM NEW 47023A309 5,010 332,000 SH   OTR 1, 2 0 332,000 0
LUBYS INC COM 549282101 7,953 1,747,844 SH   OTR 1, 2 0 1,747,844 0
NVE CORP COM NEW 629445206 4,465 63,073 SH   OTR 1, 2 0 63,073 0
POPEYES LA KITCHEN INC COM 732872106 28,340 503,644 SH   OTR 1, 2 0 503,644 0
STAR GAS PARTNERS L P UNIT LTD PARTNR 85512C105 29,646 4,860,068 SH   OTR 1, 2 0 4,860,068 0
TANDY LEATHER FACTORY INC COM 87538X105 25,707 2,857,936 SH   OTR 1, 2 0 2,857,936 0
THESTREET INC COM 88368Q103 1,088 457,091 SH   OTR 1, 2 0 457,091 0