<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable">		<infoTable>
			<nameOfIssuer>AR CAP ACQUISITION CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00191R109</cusip>
			<value>980</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ABBVIE INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00287Y109</cusip>
			<value>6719</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ADVANCE AUTO PARTS, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00751Y106</cusip>
			<value>159</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AGNICO EAGLE MINES LTD CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>008474108</cusip>
			<value>2584</value>
			<shrsOrPrnAmt>
				<sshPrnamt>91080</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>91080</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALPHA PRO TECH LTD CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>020772109</cusip>
			<value>8</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3600</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERCO CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>023586100</cusip>
			<value>327</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERICAN CAPITAL AGENCY CORP. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>02503X105</cusip>
			<value>184</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WTS/AMERICAN INTERNATIONAL GRO 45.0000 EXP01/19/2021</nameOfIssuer>
			<titleOfClass>WTS</titleOfClass>
			<cusip>026874156</cusip>
			<value>554</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERICAN SHARED HOSP SVCS CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>029595105</cusip>
			<value>6</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2558</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2558</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>APPLE, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>037833100</cusip>
			<value>2509</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ARES COMMERCIAL REAL ESTATE CO CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>04013V108</cusip>
			<value>791</value>
			<shrsOrPrnAmt>
				<sshPrnamt>69472</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>69472</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ARROW ELECTRONICS INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>042735100</cusip>
			<value>414</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7426</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>7426</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AXCELIS TECHNOLOGIES, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>054540109</cusip>
			<value>296</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BANK OF AMERICA CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>060505104</cusip>
			<value>2553</value>
			<shrsOrPrnAmt>
				<sshPrnamt>150000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>150000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WTS/BANK OF AMERICA CORP   13.3000 EXP01/16/2019</nameOfIssuer>
			<titleOfClass>WTS</titleOfClass>
			<cusip>060505146</cusip>
			<value>2468</value>
			<shrsOrPrnAmt>
				<sshPrnamt>400000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>400000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>084670108</cusip>
			<value>7579</value>
			<shrsOrPrnAmt>
				<sshPrnamt>37</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>37</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BLACKSTONE MORTGAGE TRUST INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>09257W100</cusip>
			<value>6840</value>
			<shrsOrPrnAmt>
				<sshPrnamt>245882</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>245882</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BOULDER GROWTH &amp; INCOME FD INC MUTUAL FUND</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>101507101</cusip>
			<value>598</value>
			<shrsOrPrnAmt>
				<sshPrnamt>70906</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>70906</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BOULEVARD ACQUISITION CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>10157P104</cusip>
			<value>2500</value>
			<shrsOrPrnAmt>
				<sshPrnamt>200000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>200000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WTS/BOULEVARD ACQUISITION CORP EXP03/31/19</nameOfIssuer>
			<titleOfClass>WTS</titleOfClass>
			<cusip>10157P112</cusip>
			<value>1434</value>
			<shrsOrPrnAmt>
				<sshPrnamt>392980</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>392980</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BROOKDALE SENIOR LIVING, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>112463104</cusip>
			<value>1735</value>
			<shrsOrPrnAmt>
				<sshPrnamt>50000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>50000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CBL &amp; ASSOC PROPERTIES, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>124830100</cusip>
			<value>810</value>
			<shrsOrPrnAmt>
				<sshPrnamt>50000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>50000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CIGNA CORPORATION CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>125509109</cusip>
			<value>5228</value>
			<shrsOrPrnAmt>
				<sshPrnamt>32274</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>32274</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CU BANCORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>126534106</cusip>
			<value>164</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7397</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>7397</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CVS HEALTH CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>126650100</cusip>
			<value>1049</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CAPITOL ACQUISITION CORP. II CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>14056V105</cusip>
			<value>1055</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WTS/CAPITOL ACQUISITION CORP. EXP12/31/2016</nameOfIssuer>
			<titleOfClass>WTS</titleOfClass>
			<cusip>14056V113</cusip>
			<value>235</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CAPSTEAD MORTGAGE CORPORATION CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>14067E506</cusip>
			<value>111</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CASH AMER INTL INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>14754D100</cusip>
			<value>262</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CENTRAL SECURITIES CORP. MUTUAL FUND</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>155123102</cusip>
			<value>126</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5900</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CITY OFFICE REIT, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>178587101</cusip>
			<value>231</value>
			<shrsOrPrnAmt>
				<sshPrnamt>18600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>18600</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CIVEO CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>178787107</cusip>
			<value>3</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CONTINENTAL MATERIALS CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>211615307</cusip>
			<value>74</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4771</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4771</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETN</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>22542D795</cusip>
			<value>2640</value>
			<shrsOrPrnAmt>
				<sshPrnamt>65000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>65000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>DIGIRAD CORPORATION CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>253827109</cusip>
			<value>130</value>
			<shrsOrPrnAmt>
				<sshPrnamt>30000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>30000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>DIXIE GROUP INC CMN CLASS A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>255519100</cusip>
			<value>11</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>DOVER DOWNS GAMING &amp; ENTMT INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>260095104</cusip>
			<value>15</value>
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				<sshPrnamt>16157</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>16157</Sole>
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				<None>0</None>
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			<nameOfIssuer>ELLINGTON RESIDENTIAL MORT REIT CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>288578107</cusip>
			<value>1231</value>
			<shrsOrPrnAmt>
				<sshPrnamt>86225</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>86225</Sole>
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				<None>0</None>
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			<nameOfIssuer>ENOVA INTERNATIONAL, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29357K103</cusip>
			<value>171</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9150</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>9150</Sole>
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				<None>0</None>
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			<nameOfIssuer>ENVIROSTAR INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29414M100</cusip>
			<value>109</value>
			<shrsOrPrnAmt>
				<sshPrnamt>24486</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>24486</Sole>
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				<None>0</None>
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			<nameOfIssuer>E Z CORP INC CL-A NON VTG CMN CLASS A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>302301106</cusip>
			<value>2629</value>
			<shrsOrPrnAmt>
				<sshPrnamt>353796</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<Sole>353796</Sole>
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				<None>0</None>
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			<nameOfIssuer>FEDERATED NATL HLDG CO CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>31422T101</cusip>
			<value>1208</value>
			<shrsOrPrnAmt>
				<sshPrnamt>49900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>49900</Sole>
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				<None>0</None>
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			<nameOfIssuer>FIRST CMNTY CORP S C CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>319835104</cusip>
			<value>228</value>
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				<sshPrnamt>19301</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>19301</Sole>
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				<None>0</None>
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			<nameOfIssuer>FORTRESS INVESTMENT GROUP LLC CMN CLASS A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>34958B106</cusip>
			<value>2007</value>
			<shrsOrPrnAmt>
				<sshPrnamt>274982</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>274982</Sole>
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				<None>0</None>
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			<nameOfIssuer>GENERAL ELECTRIC CO CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>369604103</cusip>
			<value>2657</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>GENVEC INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>37246C307</cusip>
			<value>24</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>11800</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>GIBRALTAR INDUSTRIES INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>374689107</cusip>
			<value>779</value>
			<shrsOrPrnAmt>
				<sshPrnamt>38233</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>38233</Sole>
				<Shared>0</Shared>
				<None>0</None>
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			<nameOfIssuer>GOLUB CAPITAL BDC LLC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>38173M102</cusip>
			<value>1334</value>
			<shrsOrPrnAmt>
				<sshPrnamt>80527</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>80527</Sole>
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				<None>0</None>
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			<nameOfIssuer>GREAT AJAX CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>38983D300</cusip>
			<value>355</value>
			<shrsOrPrnAmt>
				<sshPrnamt>25000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>25000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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			<nameOfIssuer>GROUP 1 AUTOMOTIVE, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>398905109</cusip>
			<value>908</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
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				<None>0</None>
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			<nameOfIssuer>GUARANTY FEDERAL BANCSHARES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>40108P101</cusip>
			<value>74</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HARVARD BIOSCIENCE INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>416906105</cusip>
			<value>35</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6200</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HERCULES TECHNOLOGY GROWTH CAPITAL, INC.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>427096508</cusip>
			<value>12</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HISTOGENICS CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>43358V109</cusip>
			<value>6</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HUDSON GLOBAL, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>443787106</cusip>
			<value>11</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4845</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4845</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HUMANA INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>444859102</cusip>
			<value>3826</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ISTAR FINANCIAL INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>45031U101</cusip>
			<value>266</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>IMPERIAL HOLDINGS, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>452834104</cusip>
			<value>551</value>
			<shrsOrPrnAmt>
				<sshPrnamt>95125</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>95125</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>INSPERITY INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>45778Q107</cusip>
			<value>51</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>IRIDEX CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>462684101</cusip>
			<value>124</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>15000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ISHARES MSCI JAPAN ETF ge.</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>464286848</cusip>
			<value>2562</value>
			<shrsOrPrnAmt>
				<sshPrnamt>200000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>200000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>JPMORGAN CHASE &amp; CO CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>46625H100</cusip>
			<value>3388</value>
			<shrsOrPrnAmt>
				<sshPrnamt>50000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>50000</Sole>
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			<nameOfIssuer>JMP GROUP LLC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>46629U107</cusip>
			<value>78</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
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				<None>0</None>
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			<nameOfIssuer>JAKKS PACIFIC INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>47012E106</cusip>
			<value>98</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>9900</Sole>
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			<nameOfIssuer>KEMET CORPORATION CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>488360207</cusip>
			<value>1</value>
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				<sshPrnamt>100</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>LANDMARK BANCORP INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>51504L107</cusip>
			<value>5</value>
			<shrsOrPrnAmt>
				<sshPrnamt>200</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>200</Sole>
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				<None>0</None>
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		</infoTable>
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			<nameOfIssuer>LEUCADIA NATIONAL CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>527288104</cusip>
			<value>495</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20400</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20400</Sole>
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				<None>0</None>
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		</infoTable>
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			<nameOfIssuer>LEVY ACQUISITION CORPORATION CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>52748T104</cusip>
			<value>2</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>WTS/LEVY ACQUISITION CORPORATI EXP12/31/2018</nameOfIssuer>
			<titleOfClass>WTS</titleOfClass>
			<cusip>52748T112</cusip>
			<value>580</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<putCall>Call</putCall>
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			<votingAuthority>
				<Sole>100000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>LORAL SPACE &amp;COMMUNICATION INC*. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>543881106</cusip>
			<value>631</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>LUBYS INC CMN STOCK CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>549282101</cusip>
			<value>4</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>900</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MAGNETEK, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>559424403</cusip>
			<value>1834</value>
			<shrsOrPrnAmt>
				<sshPrnamt>53300</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>53300</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>MAIN STREET CAPITAL CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>56035L104</cusip>
			<value>715</value>
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				<sshPrnamt>22400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>22400</Sole>
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				<None>0</None>
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		</infoTable>
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			<nameOfIssuer>MODUSLINK GLOBAL SOLUTIONS, IN*C CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>60786L206</cusip>
			<value>680</value>
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			<nameOfIssuer>NCR CORPORATION CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>62886E108</cusip>
			<value>3748</value>
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			<nameOfIssuer>NEW MOUNTAIN FINANCE CORP MUTUAL FUND</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>647551100</cusip>
			<value>14</value>
			<shrsOrPrnAmt>
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			<nameOfIssuer>NEW YORK REIT INC CONV CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>64976L109</cusip>
			<value>100</value>
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			<nameOfIssuer>PACIFIC PREMIER BANCORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>69478X105</cusip>
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			<nameOfIssuer>PEAK RESORTS, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>716</value>
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			<nameOfIssuer>PENNANTPARK INVESTMENT CORP MUTUAL FUND</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>708062104</cusip>
			<value>12</value>
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			<nameOfIssuer>PENNANTPARK FLOATING RATE CAP LTD</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>70806A106</cusip>
			<value>87</value>
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			<nameOfIssuer>PEPSICO INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>713448108</cusip>
			<value>93</value>
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			<nameOfIssuer>QCR HOLDINGS INC CMN</nameOfIssuer>
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			<cusip>74727A104</cusip>
			<value>22</value>
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			<nameOfIssuer>QC HOLDINGS, INC. CMN</nameOfIssuer>
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			<cusip>74729T101</cusip>
			<value>5</value>
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			<nameOfIssuer>RADIANT LOGISTICS INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>75025X100</cusip>
			<value>61</value>
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			<nameOfIssuer>SPDR S&amp;P 500 ETF TRUST</nameOfIssuer>
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			<cusip>78462F103</cusip>
			<value>313607</value>
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			<nameOfIssuer>SAFEGUARD SCIENTIFICS INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>786449207</cusip>
			<value>54</value>
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			<nameOfIssuer>SIGMA DESIGNS INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>826565103</cusip>
			<value>2386</value>
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			<nameOfIssuer>TCP CAP CORP MUTUAL FUND</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>87238Q103</cusip>
			<value>15</value>
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			<nameOfIssuer>THL CREDIT INC MUTUAL FUND</nameOfIssuer>
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			<nameOfIssuer>TRI POINTE HOMES INC CMN</nameOfIssuer>
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			<nameOfIssuer>TOLL BROTHERS, INC. CMN</nameOfIssuer>
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			<nameOfIssuer>TRIANGLE CAPITAL CORPORATION MUTUAL FUND</nameOfIssuer>
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			<cusip>895848109</cusip>
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			<nameOfIssuer>U.S. GLOBAL INVESTORS INC A CMN</nameOfIssuer>
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			<nameOfIssuer>VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF  SER VIPERS</nameOfIssuer>
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			<nameOfIssuer>VANGUARD FTSE DEVELOPED MKTS CMN ETF</nameOfIssuer>
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			<nameOfIssuer>VANGUARD INDEX FUNDS (VANGUARD HIGH DIVIDEND YIELD ETF</nameOfIssuer>
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			<cusip>921946406</cusip>
			<value>1340</value>
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			<nameOfIssuer>VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETF</nameOfIssuer>
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			<cusip>922042775</cusip>
			<value>26</value>
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			<nameOfIssuer>VANGUARD S&amp;P 500 ETF</nameOfIssuer>
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			<nameOfIssuer>VIRTU FINANCIAL, INC. CMN CLASS A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>VOLT INFO SCIENCES, INC. CMN</nameOfIssuer>
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			<nameOfIssuer>WL ROSS HOLDING CORP. CMN</nameOfIssuer>
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			<nameOfIssuer>THE WILLIAMS COMPANIES, INC. CMN</nameOfIssuer>
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			<nameOfIssuer>WILLIS LEASE FINANCE CORP CMN</nameOfIssuer>
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			<nameOfIssuer>YAMANA GOLD INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>ELECTRUM SPL ACQUISITION CORP UNIT</nameOfIssuer>
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			<cusip>G3105C120</cusip>
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			<nameOfIssuer>ESSENT GROUP LTD. CMN</nameOfIssuer>
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			<nameOfIssuer>GREENLIGHT CAPITAL RE LTD-A CMN</nameOfIssuer>
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			<cusip>G4095J109</cusip>
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			<nameOfIssuer>NORD ANGLIA EDUCATION, INC. CMN</nameOfIssuer>
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			<nameOfIssuer>SODASTREAM INTERNATIONAL LTD. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
</informationTable>
