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
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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
STEALTHGAS INC COM Y81669106 1,881 955,000 SH   SOLE 0 955,000 0 0
ALICO INC COM 016230104 2,421 78,000 SH   SOLE 0 78,000 0 0
BARNES & NOBLE ED INC COM 06777U101 1,972 1,450,000 SH   SOLE 0 1,450,000 0 0
CORNING INC COM 219350105 18,486 900,000 SH   SOLE 0 900,000 0 0
CORTEVA INC COM 22052L104 118 5,000 SH   SOLE 0 5,000 0 0
DOW INC COM 260557103 146 5,000 SH   SOLE 0 5,000 0 0
DUPONT DE NEMOURS INC COM 26614N102 682 20,000 SH   SOLE 0 20,000 0 0
ELEMENT SOLUTIONS INC COM 28618M106 209 25,000 SH   SOLE 0 25,000 0 0
EMMIS COMMUNICATIONS CORP COM 291525400 320 160,000 SH   SOLE 0 160,000 0 0
FAR PT ACQUISITION CORP COM COM 03073W109 560 55,350 SH   SOLE 0 55,350 0 0
GYRODYNE LLC COM 403829104 1,482 101,500 SH   SOLE 0 101,500 0 0
IMEDIA BRANDS INC COM COM 452465206 166 84,171 SH   SOLE 0 84,171 0 0
LANDS END INC NEW COM 51509F105 2,994 560,718 SH   SOLE 0 560,718 0 0
MACERICH CO COM COM 554382101 84 15,000 SH   SOLE 0 15,000 0 0
MACK CALI REALTY CORP COM 554489104 343 22,500 SH   SOLE 0 22,500 0 0
MEDIACO HLDG INC COM 58450D104 74 17,519 SH   SOLE 0 17,519 0 0
REALNETWORKS INC COM 75605L708 55 75,000 SH   SOLE 0 75,000 0 0
RYDER SYSTEM INC COM 783549108 397 15,000 SH   SOLE 0 15,000 0 0
SAGA COMMUNICATIONS INC COM 786598300 32,187 1,170,000 SH   SOLE 0 1,170,000 0 0
TEJON RANCH CO COM 879080109 52,022 3,700,000 SH   SOLE 0 3,700,000 0 0
USA TECHNOLOGIES INC COM COM 903285500 414 90,000 SH   SOLE 0 90,000 0 0
WALGREENS BOOTS ALLIANCE INC COM COM 931427108 1,601 35,000 SH   SOLE 0 35,000 0 0
XPO LOGISTICS INC COM COM 983793100 98 2,000 SH   SOLE 0 2,000 0 0