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
AERCAP HOLDINGS NV SHS N00985106 6,771 117,723 SH   SOLE   117,723 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 2,305 500,000 SH   SOLE   500,000 0 0
ALEXCO RESOURCE CORP COM 01535P106 591 573,400 SH   SOLE   573,400 0 0
AMALGAMATED BK NEW YORK N Y CLASS A 022663108 984 51,000 SH   SOLE   51,000 0 0
AMBAC FINL GROUP INC COM NEW 023139884 1,021 50,000 SH   SOLE   50,000 0 0
CBS CORP NEW CL B 124857202 1,724 30,000 SH   SOLE   30,000 0 0
CNX RESOURCES CORPORATION COM 12653C108 3,077 215,000 SH   SOLE   215,000 0 0
COLUMBIA FINL INC COM 197641103 835 50,000 SH   SOLE   50,000 0 0
CONSOL COAL RES LP COM UNIT 20855T100 900 50,146 SH   SOLE   50,146 0 0
CONSOL ENERGY INC NEW COM 20854L108 811 19,875 SH   SOLE   19,875 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 12,140 125,000 SH   SOLE   125,000 0 0
FLY LEASING LTD SPONSORED ADR 34407D109 2,247 159,350 SH   SOLE   159,350 0 0
FORTUNA SILVER MINES INC COM 349915108 830 190,000 SH   SOLE   190,000 0 0
GLOBAL SELF STORAGE INC COM 37955N106 324 77,294 SH   SOLE   77,294 0 0
GOODRICH PETE CORP COM PAR 382410843 8,537 608,034 SH   SOLE   608,034 0 0
HIGHPOINT RES CORP COM 43114K108 927 190,000 SH   SOLE   190,000 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06746L422 1,334 50,000 SH   SOLE   50,000 0 0
BARCLAYS BK PLC IPATH B COFFEE 06746P563 1,741 45,000 SH   SOLE   45,000 0 0
ISHARES INC MSCI TURKEY ETF 464286715 595 25,000 SH   SOLE   25,000 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 1,899 100,000 SH   SOLE   100,000 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 225 2,669 SH   SOLE   2,669 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 754 8,939 SH   SOLE   8,939 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 332 8,939 SH   SOLE   8,939 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 1,554 35,756 SH   SOLE   35,756 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 777 17,878 SH   SOLE   17,878 0 0
MACKINAC FINL CORP COM 554571109 866 53,474 SH   SOLE   53,474 0 0
MAG SILVER CORP COM 55903Q104 2,943 362,900 SH   SOLE   362,900 0 0
MAYS J W INC COM 578473100 1,777 44,939 SH   SOLE   44,939 0 0
MITCHAM INDS INC COM 606501104 1,381 332,700 SH   SOLE   332,700 0 0
NAPCO SEC TECHNOLOGIES INC COM 630402105 2,484 166,186 SH   SOLE   166,186 0 0
NUVECTRA CORP COM 67075N108 4,697 213,675 SH   SOLE   213,675 0 0
OTELCO INC CL A NEW 688823301 522 30,000 SH   SOLE   30,000 0 0
POPULAR INC COM NEW 733174700 13,448 262,400 SH   SOLE   262,400 0 0
PROVIDENT FINL HLDGS INC COM 743868101 6,577 359,394 SH   SOLE   359,394 0 0
PRUDENTIAL BANCORP INC NEW COM 74431A101 572 33,040 SH   SOLE   33,040 0 0
RAND CAP CORP COM 752185108 204 85,000 SH   SOLE   85,000 0 0
RIVERVIEW FINL CORP NEW COM 76940Q105 642 47,204 SH   SOLE   47,204 0 0
SANDSTORM GOLD LTD COM NEW 80013R206 653 175,000 SH   SOLE   175,000 0 0
SILVERCORP METALS INC COM 82835P103 185 75,000 SH   SOLE   75,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 9,502 254,958 SH   SOLE   254,958 0 0
SRC ENERGY INC COM 78470V108 444 50,000 SH   SOLE   50,000 0 0
STANDARD AVB FINL CORP COM 85303B100 6,348 204,108 SH   SOLE   204,108 0 0
TWITTER INC COM 90184L102 1,281 45,000 SH   SOLE   45,000 0 0
UNITED BANCORP INC OHIO COM 909911109 197 15,000 SH   SOLE   15,000 0 0
VOXX INTL CORP CL A 91829F104 390 75,000 SH   SOLE   75,000 0 0
WCF BANCORP INC COM 92940L103 737 78,708 SH   SOLE   78,708 0 0