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
ASTRAZENECA PLC SPONSORED ADR 046353108 1,030 13,000 SH   SOLE   13,000 0 0
BANK OF AMERICA CORPORATION W EXP 01/16/201 060505146 6,164 836,825 SH   SOLE   836,825 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 60,819 300 SH   SOLE   300 0 0
BLACKBERRY LTD COM 09228F103 5,788 529,040 SH   SOLE   529,040 0 0
BP PLC SPONSORED ADR 055622104 563 10,000 SH   SOLE   10,000 0 0
CHINA YUCHAI INTL LTD COM G21082105 579 25,537 SH   SOLE   25,537 0 0
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 17133Q502 4,521 132,088 SH   SOLE   132,088 0 0
CITIGROUP INC COM NEW 172967424 20,616 410,000 SH   SOLE   410,000 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 514 18,000 SH   SOLE   18,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 13,406 75,000 SH   SOLE   75,000 0 0
JPMORGAN CHASE & CO W EXP 10/28/201 46625H100 23,243 1,126,347 SH   SOLE   1,126,347 0 0
LANDS END INC COM 51509F105 8,664 241,697 SH   SOLE   241,697 0 0
MBIA INC COM 55262C100 12,738 1,080,797 SH   SOLE   1,080,797 0 0
NOKIA CORP SPONSORED ADR 654902204 40,354 5,000,000 SH   SOLE   5,000,000 0 0
OVERSTOCK COM INC DEL COM 690370101 9,803 582,271 SH   SOLE   582,271 0 0
RESOLUTE FST PRODS INC COM 76117W109 73,755 4,117,259 SH   SOLE   4,117,259 0 0
RYANAIR HLDGS PLC SPONSORED ADR 783513104 1,013 17,000 SH   SOLE   17,000 0 0
SANOFI SPONSORED ADR 80105N105 23,272 410,000 SH   SOLE   410,000 0 0
SEARS HLDGS CORP COM 812350106 34,278 803,526 SH   SOLE   803,526 0 0
UTSTARCOM HOLDINGS CORP SHS NEW G9310A114 355 113,627 SH   SOLE   113,627 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 137 2,630 SH   SOLE   2,630 0 0
VODAFONE GROUP PLC NEW SPONS ADR NO PAR 92857W308 194 5,454 SH   SOLE   5,454 0 0
WELLS FARGO & CO NEW W EXP 10/28/201 949746119 22,831 997,500 SH   SOLE   997,500 0 0