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
ADVANTAGE OIL & GAS LTD COM 00765F101 618 209,636 SH   SOLE   209,636 0 0
AERCAP HOLDINGS NV SHS N00985106 5,971 117,723 SH   SOLE   117,723 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 2,648 508,200 SH   SOLE   508,200 0 0
AMBAC FINL GROUP INC COM NEW 023139884 784 50,000 SH   SOLE   50,000 0 0
AMBAC FINL GROUP INC COM NEW 023139884 862 55,000 SH   SOLE   55,000 0 0
AVALON HLDGS CORP CL A 05343P109 349 158,448 SH   SOLE   158,448 0 0
CNX RESOURCES CORPORATION COM 12653C108 3,626 235,000 SH   SOLE   235,000 0 0
CONSOL COAL RES LP COM UNIT 20855T100 896 64,246 SH   SOLE   64,246 0 0
CONSOL ENERGY INC NEW COM 20854L108 489 16,875 SH   SOLE   16,875 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 4,393 60,000 SH   SOLE   60,000 0 0
DYNEGY INC NEW DEL COM 26817R108 2,090 154,600 SH   SOLE   154,600 0 0
FIRST BANCORP P R COM NEW 318672706 256 42,500 SH   SOLE   42,500 0 0
FLY LEASING LTD SPONSORED ADR 34407D109 2,121 159,350 SH   SOLE   159,350 0 0
FORTUNA SILVER MINES INC COM 349915108 990 190,000 SH   SOLE   190,000 0 0
GLOBAL SELF STORAGE INC COM 37955N106 342 77,294 SH   SOLE   77,294 0 0
GOODRICH PETE CORP COM PAR 382410843 6,670 608,034 SH   SOLE   608,034 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 226 2,669 SH   SOLE   2,669 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 766 8,939 SH   SOLE   8,939 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 276 8,939 SH   SOLE   8,939 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 1,461 35,756 SH   SOLE   35,756 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 735 17,878 SH   SOLE   17,878 0 0
LONESTAR RES US INC CL A VTG 54240F103 569 131,100 SH   SOLE   131,100 0 0
MACKINAC FINL CORP COM 554571109 1,407 86,583 SH   SOLE   86,583 0 0
MAG SILVER CORP COM 55903Q104 3,246 332,900 SH   SOLE   332,900 0 0
MAYS J W INC COM 578473100 1,708 44,939 SH   SOLE   44,939 0 0
NAPCO SEC TECHNOLOGIES INC COM 630402105 1,944 166,186 SH   SOLE   166,186 0 0
NEVSUN RES LTD COM 64156L101 2,565 1,077,800 SH   SOLE   1,077,800 0 0
NUVECTRA CORP COM 67075N108 2,847 218,675 SH   SOLE   218,675 0 0
POPULAR INC COM NEW 733174700 10,921 262,400 SH   SOLE   262,400 0 0
PROSHARES TR ULSHOIL&GASNEW13 74348A525 2,020 50,000 SH   SOLE   50,000 0 0
PROSHARES TR II ULSHT BLOOMB OIL 74347W668 2,494 125,000 SH   SOLE   125,000 0 0
PROVIDENT FINL HLDGS INC COM 743868101 7,111 393,096 SH   SOLE   393,096 0 0
PRUDENTIAL BANCORP INC NEW COM 74431A101 599 33,040 SH   SOLE   33,040 0 0
RAND CAP CORP COM 752185108 229 85,000 SH   SOLE   85,000 0 0
RED LION HOTELS CORP COM 756764106 979 100,385 SH   SOLE   100,385 0 0
REIS INC COM 75936P105 3,116 145,248 SH   SOLE   145,248 0 0
SOUTHERN MO BANCORP INC COM 843380106 9,734 265,958 SH   SOLE   265,958 0 0
ULTRA PETROLEUM CORP COM NEW 903914208 417 100,000 SH   SOLE   100,000 0 0
WCF BANCORP INC COM 92940L103 760 78,708 SH   SOLE   78,708 0 0
WELLS FARGO CO NEW COM 949746101 3,999 76,300 SH   SOLE   76,300 0 0