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
AMERICAN EXPRESS CO COM 025816109 445 5,700 SH   SOLE   5,700 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 834 15,220 SH   SOLE   15,220 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 162 17,300 SH   SOLE   17,300 0 0
APPLE INC COM 037833100 3,024 24,300 SH   SOLE   24,300 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 218 1 SH   SOLE   1 0 0
BP PLC SPONSORED ADR 055622104 587 15,000 SH   SOLE   15,000 0 0
CHEMTURA CORP COM NEW 163893209 26,279 962,970 SH   SOLE   962,970 0 0
CISCO SYS INC COM 17275R102 820 29,800 SH   SOLE   29,800 0 0
CITIGROUP INC COM NEW 172967424 8,534 165,645 SH   SOLE   165,645 0 0
CORNING INC COM 219350105 3,282 144,700 SH   SOLE   144,700 0 0
DIRECTV COM 25490A309 15,636 183,736 SH   SOLE   183,736 0 0
DISH NETWORK CORP CL A 25470M109 10,098 144,135 SH   SOLE   144,135 0 0
DISNEY WALT CO COM DISNEY 254687106 776 7,400 SH   SOLE   7,400 0 0
DOMTAR CORP COM NEW 257559203 693 15,000 SH   SOLE   15,000 0 0
EAST WEST BANCORP INC COM 27579R104 421 10,400 SH   SOLE   10,400 0 0
EBAY INC COM 278642103 1,479 25,650 SH   SOLE   25,650 0 0
FOSTER L B CO COM 350060109 1,187 25,000 SH   SOLE   25,000 0 0
GOOGLE INC CL A 38259P508 277 500 SH   SOLE   500 0 0
GOOGLE INC CL C 38259P706 274 500 SH   SOLE   500 0 0
IAMGOLD CORP COM 450913108 2,108 1,127,540 SH   SOLE   1,127,540 0 0
JPMORGAN CHASE & CO COM 46625H100 10,432 172,206 SH   SOLE   172,206 0 0
KINROSS GOLD CORP COM NO PAR 496902404 2,526 1,127,525 SH   SOLE   1,127,525 0 0
LIMELIGHT NETWORKS INC COM 53261M104 1,644 452,785 SH   SOLE   452,785 0 0
MMA CAP MGMT LLC COM 55315D105 100 10,000 SH   SOLE   10,000 0 0
PACIFIC SUNWEAR CALIF INC COM 694873100 93 33,624 SH   SOLE   33,624 0 0
PNC FINL SVCS GROUP INC COM 693475105 648 6,950 SH   SOLE   6,950 0 0
REEDS INC COM 758338107 615 110,000 SH   SOLE   110,000 0 0
T MOBILE US INC COM 872590104 25,420 802,161 SH   SOLE   802,161 0 0
TIME WARNER INC COM NEW 887317303 787 9,319 SH   SOLE   9,319 0 0
TRINSEO S A SHS L9340P101 12,546 633,657 SH   SOLE   633,657 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 10,329 212,403 SH   SOLE   212,403 0 0
WSFS FINL CORP COM 929328102 1,059 14,000 SH   SOLE   14,000 0 0