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
RED LION HOTELS CORP COM 756764106 9,844 845,000 SH   SOLE   845,000 0 0
NOODLES & COMPANY CLASS A COM CL A 65540B105 8,798 715,291 SH   SOLE   715,291 0 0
MICRON TECHNOLOGY INC COM 595112103 8,284 157,977 SH   SOLE   157,977 0 0
READING INTERNATIONAL INC CL A 755408101 7,197 451,250 SH   SOLE   451,250 0 0
APPLE INC COM 037833100 6,254 33,789 SH   SOLE   33,789 0 0
ALPHABET INC. CLASS C CAP STK CL C 02079K107 5,229 4,687 SH   SOLE   4,687 0 0
PANDORA MEDIA INC COM 698354107 5,170 656,200 SH   SOLE   656,200 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 4,223 197,000 SH   SOLE   197,000 0 0
DISH NETWORK CORP CLASS A CL A 25470M109 4,092 121,765 SH   SOLE   121,765 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829 4,081 148,850 SH   SOLE   148,850 0 0
BUNGE LIMITED COM G16962105 3,562 51,100 SH   SOLE   51,100 0 0
HALCON RESOURCES COM PAR NEW 40537Q605 3,169 722,000 SH   SOLE   722,000 0 0
L S B INDUSTRIES INC COM 502160104 3,082 581,631 SH   SOLE   581,631 0 0
JAMES FINANCIAL GRP COM 470299108 2,951 178,317 SH   SOLE   178,317 0 0
REALNETWORKS, INC COM NEW 75605L708 2,883 90,000 SH   SOLE   90,000 0 0
ATENTO SA F SHS L0427L105 2,846 415,485 SH   SOLE   415,485 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 2,776 113,565 SH   SOLE   113,565 0 0
STITCH FIX INC COM CL A 860897107 2,663 97,050 SH   SOLE   97,050 0 0
LIONS GATE ENTMT F CLASS B CL B NON VTG 535919500 2,645 112,775 SH   SOLE   112,775 0 0
HOMETOWN BANKSHARES COM 43787N108 2,427 172,584 SH   SOLE   172,584 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 2,415 22,800 SH   SOLE   22,800 0 0
AMERICAN INTL GROUP COM NEW 026874784 2,329 43,940 SH   SOLE   43,940 0 0
DRIVE SHACK INC CL A 526057104 2,316 300,000 SH   SOLE   300,000 0 0
BARNES & NOBLE COM 067770101 2,311 364,000 SH   SOLE   364,000 0 0
HARTE-HANKS INCORPOR COM 416196103 2,305 207,702 SH   SOLE   207,702 0 0
ALLY FINANCIAL INC COM 02005N100 2,176 82,850 SH   SOLE   82,850 0 0
CONIFER HLDGS INC COM 20731J102 2,069 328,440 SH   SOLE   328,440 0 0
HAIN CELESTIAL GROUP INC. COM 405217100 1,978 66,400 SH   SOLE   66,400 0 0
SCHWAB US DIVIDEND EQUITY ETF US DIVIDEND EQ 808524797 1,895 38,464 SH   SOLE   38,464 0 0
A T & T INC COM 00206R102 1,856 57,808 SH   SOLE   57,808 0 0
LENNAR CORP CLASS CL B 526057302 1,730 40,532 SH   SOLE   40,532 0 0
UNIVERSAL STAINLESS & ALLOY COM 913837100 1,712 72,353 SH   SOLE   72,353 0 0
CODORUS VY BANCORP INC COM 192025104 1,706 55,626 SH   SOLE   55,626 0 0
DOVER MOTORSPORTS INC COM 260174107 1,675 744,500 SH   SOLE   744,500 0 0
NORTHWEST PIPE COMP COM 667746101 1,662 85,803 SH   SOLE   85,803 0 0
FEDERAL AGRIC MTG CORP CL C 313148306 1,632 18,246 SH   SOLE   18,246 0 0
SALISBURY BANCORP INC COM 795226109 1,526 34,140 SH   SOLE   34,140 0 0
LIONS GATE ENTMT F CLASS A CL B NON VTG 535919401 1,451 58,500 SH   SOLE   58,500 0 0
PSB HOLDINGS INC COM 69360W108 1,413 19,099 SH   SOLE   19,099 0 0
CITIGROUP INC COM NEW 172967424 1,314 19,638 SH   SOLE   19,638 0 0
ALLERGAN PLC F SHS G0177J108 1,308 7,848 SH   SOLE   7,848 0 0
MADISON SQUARE GARDE CLASS A CL A 55825T103 1,292 4,166 SH   SOLE   4,166 0 0
FRESH DEL MONTE PRODUCE INC ORD G36738105 1,247 28,000 SH   SOLE   28,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 1,240 25,050 SH   SOLE   25,050 0 0
SELECT BANCORP INC NEW COM 81617L108 1,123 83,442 SH   SOLE   83,442 0 0
JOHNSON & JOHNSON COM 478160104 1,038 8,558 SH   SOLE   8,558 0 0
O2MICRO INTERNATIONAL LTD SPONS ADR 67107W100 1,020 555,869 SH   SOLE   555,869 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 1,010 40,600 SH   SOLE   40,600 0 0
KINGSTONE COS INC COM 496719105 1,005 59,488 SH   SOLE   59,488 0 0
STEWARDSHIP FINL CO COM 860326107 984 84,500 SH   SOLE   84,500 0 0
SOUTHWESTERN ENERGY COM 845467909 977 184,500 SH   SOLE   184,500 0 0
CATERPILLAR INC DEL COM 149123101 965 7,116 SH   SOLE   7,116 0 0
PURECYCLE CORP COM NEW 746228303 887 92,893 SH   SOLE   92,893 0 0
GASTAR EXPORATION COM 36729W202 842 1,504,100 SH   SOLE   1,504,100 0 0
PFIZER INC COM 717081103 787 21,700 SH   SOLE   21,700 0 0
IRIDEX CORP COM 462684101 760 112,193 SH   SOLE   112,193 0 0
COLONY BANKCORP INC COM 19623P101 755 44,682 SH   SOLE   44,682 0 0
SEACHANGE INTL INC COM 811699107 752 220,000 SH   SOLE   220,000 0 0
SMARTFINANCIAL INC COM NEW 83190L208 747 29,000 SH   SOLE   29,000 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 742 72,000 SH   SOLE   72,000 0 0
HOSTESS BRANDS INC CL A 44109J106 639 47,000 SH   SOLE   47,000 0 0
FS BANCORP INC. COM 30263Y104 632 10,000 SH   SOLE   10,000 0 0
ROYAL GOLD INC COM 780287108 632 6,810 SH   SOLE   6,810 0 0
BLUEROCK RESIDENTIAL REIT COM CL A 09627J102 596 66,890 SH   SOLE   66,890 0 0
ALASKA COMMUNICATIONS SYS GR COM 01167P101 584 330,000 SH   SOLE   330,000 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 577 22,224 SH   SOLE   22,224 0 0
CITY OFFICE REIT INCO REIT COM 178587101 567 44,250 SH   SOLE   44,250 0 0
HEXCEL CORP NEW COM 428291108 534 8,050 SH   SOLE   8,050 0 0
SCHWAB INTERNATIONAL EQUITY ETF INTL EQTY ETF 808524805 501 15,167 SH   SOLE   15,167 0 0
NORTHEAST BANCORP COM NEW 663904209 480 22,025 SH   SOLE   22,025 0 0
TEMPUR SEALY INTL COM 88023U101 480 10,000 SH   SOLE   10,000 0 0
EXXON MOBIL CORP COM 30231G102 441 5,339 SH   SOLE   5,339 0 0
ISHARES TR DOW JONES US ETF 464287846 395 2,900 SH   SOLE   2,900 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 372 1,050 SH   SOLE   1,050 0 0
JEFFERIES FINL COM 47233W109 363 16,000 SH   SOLE   16,000 0 0
ALPHABET INC. CLASS A CAP STK CL A 02079K305 343 304 SH   SOLE   304 0 0
WASTE MGMT INC DEL COM 94106L109 329 4,050 SH   SOLE   4,050 0 0
SCHWAB EMERGING MARKETS EQUITY ETF EMRG MKTEQ ETF 808524706 283 10,954 SH   SOLE   10,954 0 0
VEREIT INC REIT COM 92339V100 271 36,500 SH   SOLE   36,500 0 0
CASELLA WASTE SYS INC CL A 147448104 256 10,000 SH   SOLE   10,000 0 0
BANCORP INC DEL COM 05969A105 251 24,000 SH   SOLE   24,000 0 0
COCA COLA CO COM 191216100 232 5,300 SH   SOLE   5,300 0 0
CUI GLOBAL INC COM NEW 126576206 199 67,327 SH   SOLE   67,327 0 0
AEROJET ROCKETDYNE H COM 007800105 196 6,675 SH   SOLE   6,675 0 0
SCHWAB INTERNATNAL SMALL CAP EQY ETF INTL SCEQT ETF 808524888 194 5,388 SH   SOLE   5,388 0 0
EASTMAN KODAK CO COM NEW 277461406 190 50,000 SH   SOLE   50,000 0 0
PROCTER & GAMBLE CO COM 742718109 183 2,350 SH   SOLE   2,350 0 0
WAL-MART STORES INC COM NEW 931142103 179 2,100 SH   SOLE   2,100 0 0
INTERNAP CORP COM 45885A300 177 17,000 SH   SOLE   17,000 0 0
ATLAS FINANCIAL F SHS NEW G06207115 175 20,000 SH   SOLE   20,000 0 0
CHERRY HILL MTG INVT CORP COM 164651101 164 9,200 SH   SOLE   9,200 0 0
HOMETRUST BANCSHARES COM 437872104 163 5,800 SH   SOLE   5,800 0 0
BLACKHAWK NETWORK COM 09238E104 160 5,500 SH   SOLE   5,500 0 0
CORCEPT THERAPEUTICS COM 218352102 157 10,000 SH   SOLE   10,000 0 0
ISHARES MSCI STH KOR ETF 464286772 150 2,220 SH   SOLE   2,220 0 0
INVESTORS BANCORP INC NEW COM 46146L101 140 11,000 SH   SOLE   11,000 0 0
IPASS INC COM 46261V108 137 400,000 SH   SOLE   400,000 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 100 20,000 SH   SOLE   20,000 0 0
BROOKDALE SENIOR LIV COM 112463104 90 10,000 SH   SOLE   10,000 0 0
NEWELL BRANDS INC COM 651229106 84 111,800 SH   SOLE   111,800 0 0
ARLINGTON ASSET INVT CLASS A CL A NEW 041356205 83 8,100 SH   SOLE   8,100 0 0
HORIZON BANCORP IND COM 440407104 83 4,050 SH   SOLE   4,050 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 45 760 SH   SOLE   760 0 0
MONDELEZ INTL INC CL A 609207105 41 1,000 SH   SOLE   1,000 0 0
CHURCH & DWIGHT CO COM 171340102 31 600 SH   SOLE   600 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 18 500 SH   SOLE   500 0 0
PACIFIC PREMIER BANCORP COM 69478X105 10 266 SH   SOLE   266 0 0
SCHWAB US LARGE CAP ETF US LRG CAP ETF 808524201 7 100 SH   SOLE   100 0 0