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
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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
ASCENA RETAIL GROUP INC COM 04351G101 19,730 1,153,800 SH   SOLE   1,153,800 0 0
BGC PARTNERS INC-CL A CL A 05541T101 6,882 925,000 SH   SOLE   925,000 0 0
BOLT TECHNOLOGY CORP COM 097698104 9,313 507,494 SH   SOLE   507,494 0 0
BRT REALTY TRUST SH BEN INT 055645303 7,567 1,025,400 SH   SOLE   1,025,400 0 0
DELTA APPAREL INC COM 247368103 8,791 613,905 SH   SOLE   613,905 0 0
DESTINATION MATERNITY CORP COM 25065D100 2,427 106,576 SH   SOLE   106,576 0 0
DESTINATION XL GROUP INC COM 25065K104 6,355 1,153,361 SH   SOLE   1,153,361 0 0
GENIE ENERGY LTD-B CL B 372284208 2,974 377,900 SH   SOLE   377,900 0 0
INFUSYSTEM HOLDINGS INC COM 45685K102 5,685 2,145,348 SH   SOLE   2,145,348 0 0
LEARNING TREE INTERNATIONAL COM 522015106 1,010 394,454 SH   SOLE   394,454 0 0
MITCHAM INDUSTRIES INC COM 606501104 1,694 121,164 SH   SOLE   121,164 0 0
MORGANS HOTEL GROUP CO COM 61748W108 11,689 1,473,995 SH   SOLE   1,473,995 0 0
QLT INC COM 746927102 7,633 1,235,144 SH   SOLE   1,235,144 0 0
RUBY TUESDAY INC COM 781182100 12,843 1,692,157 SH   SOLE   1,692,157 0 0
RYMAN HOSPITALITY PROPERTIES COM 78377T107 10,834 225,000 SH   SOLE   225,000 0 0
SEARS HOLDINGS CORP COM 812350106 7,912 198,000 SH   SOLE   198,000 0 0
SKECHERS USA INC-CL A CL A 830566105 22,111 483,832 SH   SOLE   483,832 0 0
WET SEAL INC/THE-CLASS A CL A 961840105 3,959 4,350,098 SH   SOLE   4,350,098 0 0