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Black Horse Capital Advisors LLC
> AFN
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2008 | Cohen & Co Inc. | AFN | 350,699 | 350,699 | 315,000 | 315,000 | $0.90 |
| 06/30/2008 | Cohen & Co Inc. | AFN | 0 | -102,238 | 0 | -295,000 | |
| 03/31/2008 | Cohen & Co Inc. | AFN | 102,238 | 102,238 | 295,000 | 295,000 | $2.89 |
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