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
BLOCK H & R INC COM 093671105 11,825 355,004 SH   SOLE   355,004 0 0
CASH AMER INTL INC COM 14754D100 12,014 401,130 SH   SOLE   401,130 0 0
CHECKPOINT SYS INC COM 162825103 9,178 1,463,768 SH   SOLE   1,463,768 0 0
DAKOTA PLAINS HLDGS INC COM 234255107 1,216 4,890,174 SH   SOLE   4,890,174 0 0
DECKERS OUTDOOR CORP COM 243537957 341 1,500 SH Put SOLE   1,500 0 0
DST SYS INC DEL COM 233326107 5,914 51,851 SH   SOLE   51,851 0 0
EMERGENT CAP INC COM 29102N105 5,797 1,570,979 SH   SOLE   1,570,979 0 0
FREQUENCY ELECTRS INC COM 358010106 5,595 526,868 SH   SOLE   526,868 0 0
GEO GROUP INC NEW COM 36162J106 6,527 225,775 SH   SOLE   225,775 0 0
NATURAL GAS SERVICES GROUP COM 63886Q109 3,849 172,604 SH   SOLE   172,604 0 0
PRGX GLOBAL INC COM 69357C503 2,719 730,876 SH   SOLE   730,876 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 6,523 322,441 SH   SOLE   322,441 0 0
STATE BK FINL CORP COM 856190103 6,571 312,480 SH   SOLE   312,480 0 0
TILLYS INC CL A 886885102 3,895 587,407 SH   SOLE   587,407 0 0
WHEELER REAL ESTATE INVT TR COM 963025101 4,367 2,262,440 SH   SOLE   2,262,440 0 0
XO GROUP INC COM 983772104 3,068 191,006 SH   SOLE   191,006 0 0