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
AFC ENTERPRISES INC COM 00104Q107 19,947 518,100 SH   OTR 1, 2 0 518,100 0
AMBASSADORS GROUP INC COM 023177108 14,190 3,051,697 SH   OTR 1, 2 0 3,051,697 0
AMERICAN INTL GROUP INC COM NEW 026874784 20,420 400,000 SH Call OTR 1, 2 0 400,000 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 1,013 50,000 SH   OTR 1, 2 0 50,000 0
FAMOUS DAVES AMER INC COM 307068106 4,624 252,700 SH Put OTR 1, 2 0 252,700 0
GENERAL MTRS CO COM 37045V100 13,391 327,650 SH   OTR 1, 2 0 327,650 0
GENERAL MTRS CO *W EXP 12/31/201 37045V134 2,475 450,000 SH   OTR 1, 2 0 450,000 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 578 25,000 SH   OTR 1, 2 0 25,000 0
GOOGLE INC CL A 38259P508 27,738 24,750 SH   OTR 1, 2 0 24,750 0
HILLTOP HOLDINGS INC COM 432748101 18,237 788,435 SH   OTR 1, 2 0 788,435 0
IDT CORP CL B NEW 448947507 6,117 342,300 SH   OTR 1, 2 0 342,300 0
LUBYS INC COM 549282101 13,493 1,747,844 SH   OTR 1, 2 0 1,747,844 0
NVE CORP COM NEW 629445206 3,707 63,606 SH   OTR 1, 2 0 63,606 0
STAR GAS PARTNERS L P UNIT LTD PARTNR 85512C105 28,004 5,334,021 SH   OTR 1, 2 0 5,334,021 0
TANDY LEATHER FACTORY INC COM 87538X105 27,907 2,859,338 SH   OTR 1, 2 0 2,859,338 0
THESTREET INC COM 88368Q103 2,469 1,092,522 SH   OTR 1, 2 0 1,092,522 0