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
A A R CORP COM 000361105 1,596 77,205 SH   SOLE 0 77,205 0 0
A T & T INC COM 00206R102 908 20,047 SH   SOLE 0 20,047 0 0
ACACIA RESH CORP COM 003881307 82 20,000 SH   SOLE 0 20,000 0 0
AEROJET ROCKETDYNE COM 007800105 245 6,175 SH   SOLE 0 6,175 0 0
ALASKA COMMUNICATIONS SYS GR COM 01167P101 642 230,000 SH   SOLE 0 230,000 0 0
ALIBABA GROUP HLDG LTD CALL 01609W902 201 932 SH   SOLE 0 932 0 0
ALLY FINANCIAL INC COM 02005N100 1,751 88,317 SH   SOLE 0 88,317 0 0
ALPHABET INC. CLASS A CAP STK CL A 02079K305 238 168 SH   SOLE 0 168 0 0
ALPHABET INC. CLASS C CAP STK CL C 02079K107 5,584 3,950 SH   SOLE 0 3,950 0 0
ALTA EQUIPMENT GROUP INC COMMON STOCK 02128L106 78 10,000 SH   SOLE 0 10,000 0 0
AMAZON.COM INC COM 023135106 11,554 4,188 SH   SOLE 0 4,188 0 0
AMPLIFY ENERGY CORP NEW COM 03212B103 25 19,966 SH   SOLE 0 19,966 0 0
APPLE INC COM 037833100 7,687 21,072 SH   SOLE 0 21,072 0 0
ARLINGTON ASSET INVT CLASS A CL A NEW 041356205 243 81,900 SH   SOLE 0 81,900 0 0
AT HOME GROUP INC COM 04650Y100 117 18,000 SH   SOLE 0 18,000 0 0
ATENTO SA F SHS L0427L105 42 35,583 SH   SOLE 0 35,583 0 0
BABCOCK & WILCOX ENTERPR COM 05614L209 205 90,000 SH   SOLE 0 90,000 0 0
BANCORP INC COM 05969A105 996 101,650 SH   SOLE 0 101,650 0 0
BANKFINL CORP COM 06643P104 557 66,300 SH   SOLE 0 66,300 0 0
BERKSHIRE HATHAWAY CLASS B COM 084680107 217 1,217 SH   SOLE 0 1,217 0 0
BLUEROCK RESIDENTIAL REIT COM CL A 09627J102 453 56,090 SH   SOLE 0 56,090 0 0
BOX INC CLASS A CL A 10316T104 2,553 123,000 SH   SOLE 0 123,000 0 0
BRIDGEWATER BANCSHARES I COM ACCD INV 108621103 747 72,918 SH   SOLE 0 72,918 0 0
BRISTOL-MYERS SQUIBB COM 110122108 651 11,070 SH   SOLE 0 11,070 0 0
BROADMARK RLTY CAP INC COM 11135B100 336 3,550 SH   SOLE 0 3,550 0 0
BUCKLE INC COM 118440106 564 36,000 SH   SOLE 0 36,000 0 0
BUILD A BEAR WORKSHP COM 120076104 61 28,000 SH   SOLE 0 28,000 0 0
CAPITALA FIN CO COM 14054R106 26 10,000 SH   SOLE 0 10,000 0 0
CARTER BANK & TRUST COM 146102108 314 38,869 SH   SOLE 0 38,869 0 0
CATERPILLAR INC COM 149123101 900 7,116 SH   SOLE 0 7,116 0 0
CENTRAL FEDERAL CORP COM NEW PAR 15346Q400 373 36,926 SH   SOLE 0 36,926 0 0
CHURCHILL DOWNS INC COM 171484108 3,222 24,200 SH   SOLE 0 24,200 0 0
CITY OFFICE R E I T INCO REIT COM 178587101 421 41,850 SH   SOLE 0 41,850 0 0
CLEAR CHANNEL OUTDR COM 18453H106 31 30,000 SH   SOLE 0 30,000 0 0
CODORUS VY BANCORP INC COM 192025104 463 33,463 SH   SOLE 0 33,463 0 0
COMMUNITY BANKERS TR COM 203612106 238 43,228 SH   SOLE 0 43,228 0 0
CONAGRA BRANDS INC COM 205887102 1,615 45,925 SH   SOLE 0 45,925 0 0
CORECIVIC INC COM 21871N101 343 36,600 SH   SOLE 0 36,600 0 0
CVS HEALTH CORP COM 126650100 3,466 53,355 SH   SOLE 0 53,355 0 0
DCP MIDSTREAM, LP VAR CALL 23311P900 69 100,000 SH   SOLE 0 100,000 0 0
DISH NETWORK CORP CLASS A CL A 25470M109 1,808 52,405 SH   SOLE 0 52,405 0 0
DOVER MOTORSPORTS INC COM 260174107 1,757 1,133,500 SH   SOLE 0 1,133,500 0 0
EASTMAN KODAK CO COM NEW 277461406 27 12,000 SH   SOLE 0 12,000 0 0
EVOGENE LTD F SHS M4119S104 65 64,600 SH   SOLE 0 64,600 0 0
EXANTAS CAP CORP COM NEW 30068N105 40 15,000 SH   SOLE 0 15,000 0 0
EXXON MOBIL CORP COM 30231G102 204 4,564 SH   SOLE 0 4,564 0 0
FACEBOOK INC CLASS A CALL 30303M902 2,834 12,479 SH   SOLE 0 12,479 0 0
FARMERS BANCORP COM 302627107 252 7,256 SH   SOLE 0 7,256 0 0
FAUQUIER BANKSHARES COM 312059108 778 52,200 SH   SOLE 0 52,200 0 0
FEDERAL AGRIC MTG CORP CL C 313148306 522 8,151 SH   SOLE 0 8,151 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 339 20,600 SH   SOLE 0 20,600 0 0
FS BANCORP INC. COM 30263Y104 671 17,400 SH   SOLE 0 17,400 0 0
G E O GROUP INC NEW REIT COM 36162J106 237 20,000 SH   SOLE 0 20,000 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 529 34,700 SH   SOLE 0 34,700 0 0
HAIN CELESTIAL GROUP INC. COM 405217100 737 23,400 SH   SOLE 0 23,400 0 0
HARTE-HANKS INCORPOR COM 416196103 450 148,000 SH   SOLE 0 148,000 0 0
HEXCEL CORP COM 428291108 319 7,050 SH   SOLE 0 7,050 0 0
HORIZON BANCORP INC COM 440407104 249 23,300 SH   SOLE 0 23,300 0 0
IHEARTMEDIA INC CLASS A COM CL A 45174J509 104 12,500 SH   SOLE 0 12,500 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 705 61,400 SH   SOLE 0 61,400 0 0
JAMES FINANCIAL GRP COM 470299108 2,030 215,714 SH   SOLE 0 215,714 0 0
JOHNSON & JOHNSON COM 478160104 489 3,477 SH   SOLE 0 2,477 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 1,821 12,200 SH   SOLE 0 12,200 0 0
KINGSTONE COMPANIES COM 496719105 333 75,340 SH   SOLE 0 75,340 0 0
L S B INDUSTRIES INC COM 502160104 716 617,300 SH   SOLE 0 617,300 0 0
LENNAR CORP CLASS B CL B 526057302 1,473 31,950 SH   SOLE 0 31,950 0 0
LIBERTY MEDIA CORP SERIES A LIBERTY MEDIA COM SER A FRMLA 531229870 2,266 77,650 SH   SOLE 0 77,650 0 0
LIBERTY MEDIA CORP SERIES A LIBERTY SIRIUS XM COM 531229409 5,245 151,933 SH   SOLE 0 151,933 0 0
LIONS GATE ENTMT F CLASS A CL B NON VTG 535919401 615 83,000 SH   SOLE 0 83,000 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 529 15,100 SH   SOLE 0 15,100 0 0
MASTERCARD INC CLASS A CALL 57636Q104 384 1,300 SH   SOLE 0 1,300 0 0
MICRON TECHNOLOGY INC COM 595112103 1,562 30,325 SH   SOLE 0 30,325 0 0
MICROSOFT CORP COM 594918104 4,575 22,482 SH   SOLE 0 22,482 0 0
MITCHAM INDUSTRIES COM 606501104 81 50,762 SH   SOLE 0 50,762 0 0
NAVIENT CORP COM 63938C108 1,620 230,453 SH   SOLE 0 230,453 0 0
NETFLIX INC COM 64110L106 2,369 5,207 SH   SOLE 0 5,207 0 0
NEW RESIDENTIAL INVE REIT COM NEW 64828T201 236 31,750 SH   SOLE 0 31,750 0 0
NEWMONT GOLDCORP CORP COM 651639106 6,652 107,750 SH   SOLE 0 107,750 0 0
NEXPOINT REAL ESTATE FIN COM 65341D102 193 11,500 SH   SOLE 0 11,500 0 0
NIKE INC CL B 654106103 210 2,144 SH   SOLE 0 2,144 0 0
NOODLES & COMPANY CLASS A COM CL A 65540B105 1,083 179,000 SH   SOLE 0 179,000 0 0
NORTHERN DYN MINERL F COM NEW 66510M204 14 10,000 SH   SOLE 0 10,000 0 0
NVIDIA CORP COM 67066G104 1,795 4,725 SH   SOLE 0 4,725 0 0
O2MICRO INTERNTNL LTD0 F SPONSORED ADR 1 ADR REPS 50 ORD SHS CALL 67107W900 639 376,000 SH   SOLE 0 376,000 0 0
OLD SECOND BNCP INC COM 680277100 156 20,000 SH   SOLE 0 20,000 0 0
PFIZER INC COM 717081103 718 21,950 SH   SOLE 0 21,950 0 0
PLYMOUTH INDUSTRIAL R E REIT COM 729640102 128 10,000 SH   SOLE 0 10,000 0 0
PORTMAN RIDGE FIN CORP COM 73688F102 114 104,000 SH   SOLE 0 104,000 0 0
PSB HOLDINGS INC COM 69360W108 731 39,426 SH   SOLE 0 39,426 0 0
RALPH LAUREN CORP CLASS A CL A 751212101 486 6,700 SH   SOLE 0 6,700 0 0
READING INTERNATIONAL INC CL A 755408101 2,933 690,143 SH   SOLE 0 690,143 0 0
RED LION HOTELS CORP COM 756764106 2,428 1,042,000 SH   SOLE 0 1,042,000 0 0
RING ENERGY INC. COM 76680V108 104 90,000 SH   SOLE 0 90,000 0 0
ROYCE MICRO CAPITAL CF COM 780915104 81 11,245 SH   SOLE 0 11,245 0 0
SALISBURY BANCORP INC COM 795226109 1,425 34,754 SH   SOLE 0 34,754 0 0
SCHWAB EMERGING MARKETS EQUITY ETF EMRG MKTEQ ETF 808524706 318 13,059 SH   SOLE 0 13,059 0 0
SCHWAB INTERNATIONAL EQUITY ETF INTL EQTY ETF 808524805 457 15,373 SH   SOLE 0 15,373 0 0
SCHWAB US DIVIDEND EQUITY ETF US DIVIDEND EQ 808524797 6,478 125,172 SH   SOLE 0 125,172 0 0
SCHWAB US LARGE CAP ETF US LRG CAP ETF 808524201 1,392 18,791 SH   SOLE 0 18,791 0 0
SCOTTS MIRACLE GROUP CALL 810186906 403 3,000 SH   SOLE 0 3,000 0 0
SEACOAST BK CORP FLA COM 811707801 566 27,750 SH   SOLE 0 27,750 0 0
SEQUANS COMMUNICATIONS F SPONSORED ADR 1 ADR REPS 4 ORD SHS SPONSORED ADS 817323207 123 20,000 SH   SOLE 0 20,000 0 0
SPDR GOLD SHARES ETF IV GOLD SHS 78463V107 2,155 12,877 SH   SOLE 0 12,877 0 0
SPDR S&P 500 ETF SPDR S&P 500 ETF 78468R796 245 793 SH   SOLE 0 793 0 0
SPDR S&P MIDCAP 400 ETF CALL 78467Y907 341 1,050 SH   SOLE 0 1,050 0 0
SPROTT PHYSICAL GOLD & S UNIT 852066208 549 32,486 SH   SOLE 0 32,486 0 0
STARBUCKS CORP COM 855244109 1,727 23,462 SH   SOLE 0 23,462 0 0
STEREOTAXIS INC COM NEW 85916J409 49 11,000 SH   SOLE 0 11,000 0 0
STITCH FIX INC CLASS A COM CL A 860897107 2,044 81,960 SH   SOLE 0 81,960 0 0
SUPERIOR INDUSTRIES COM 868168105 34 20,000 SH   SOLE 0 20,000 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829 4,187 210,600 SH   SOLE 0 210,600 0 0
TIDEWATER INC NEW COM 88642R109 288 51,500 SH   SOLE 0 51,500 0 0
TRAVELCENTERS AMERIC COM 894174101 3,218 208,956 SH   SOLE 0 208,956 0 0
TSAKOS ENERGY NAV F SHS G9108L108 161 80,000 SH   SOLE 0 80,000 0 0
TYSON FOODS INC CLASS A CL A 902494103 295 4,945 SH   SOLE 0 4,945 0 0
UNITEDHEALTH GRP INC COM 91324P102 472 1,600 SH   SOLE 0 1,600 0 0
UNIVERSAL STAINLESS & ALLOY COM 913837100 384 44,674 SH   SOLE 0 77,674 0 0
URANIUM ENERGY CORP COM 916896103 79 90,000 SH   SOLE 0 90,000 0 0
VEREIT INC REIT COM 92339V100 84 13,000 SH   SOLE 0 13,000 0 0
VIEMED HEALTHCARE INC F COM 92663R105 99 10,300 SH   SOLE 0 10,300 0 0
WALMART INC COM 931142103 455 3,800 SH   SOLE 0 3,800 0 0
WALT DISNEY CO COM DISNEY 254687106 5,055 45,336 SH   SOLE 0 15,336 0 0
WESTROCK CO COM 96145D105 396 14,000 SH   SOLE 0 14,000 0 0
WHEELER REIT REIT COM NEW 963025705 1,205 688,687 SH   SOLE 0 688,687 0 0
WW INTERNTNL INC COM 98262P101 612 24,100 SH   SOLE 0 24,100 0 0
Y R C WORLDWIDE INC COM 984249607 316 171,000 SH   SOLE 0 171,000 0 0