<SEC-DOCUMENT>0001420506-22-000313.txt : 20220211
<SEC-HEADER>0001420506-22-000313.hdr.sgml : 20220211
<ACCEPTANCE-DATETIME>20220211170921
ACCESSION NUMBER:		0001420506-22-000313
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20211231
FILED AS OF DATE:		20220211
DATE AS OF CHANGE:		20220211
EFFECTIVENESS DATE:		20220211

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Invenomic Capital Management LP
		CENTRAL INDEX KEY:			0001769456
		IRS NUMBER:				810795975
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-20029
		FILM NUMBER:		22622584

	BUSINESS ADDRESS:	
		STREET 1:		211 CONGRESS STREET
		STREET 2:		7TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		617-912-4972

	MAIL ADDRESS:	
		STREET 1:		211 CONGRESS STREET
		STREET 2:		7TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
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        <credentials>
          <cik>0001769456</cik>
          <ccc>XXXXXXXX</ccc>
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      <periodOfReport>12-31-2021</periodOfReport>
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    <coverPage>
      <reportCalendarOrQuarter>12-31-2021</reportCalendarOrQuarter>
      <!--Amendment-->
      <isAmendment>false</isAmendment>
      <!--Institutional Investment Manager-->
      <filingManager>
        <name>Invenomic Capital Management LP</name>
        <address>
          <ns1:street1>211 CONGRESS STREET</ns1:street1>
          <ns1:street2>7TH FLOOR</ns1:street2>
          <ns1:city>BOSTON</ns1:city>
          <ns1:stateOrCountry>MA</ns1:stateOrCountry>
          <ns1:zipCode>02110</ns1:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-20029</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <!--Signature-->
    <signatureBlock>
      <name>Ben Deschaine</name>
      <title>President/Chief Compliance Officer</title>
      <phone>617-742-2216</phone>
      <signature>Ben Deschaine, President/Chief Compliance Officer</signature>
      <city>BOSTON</city>
      <stateOrCountry>MA</stateOrCountry>
      <signatureDate>02-11-2022</signatureDate>
    </signatureBlock>
    <!--Summary Page-->
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
      <tableEntryTotal>142</tableEntryTotal>
      <tableValueTotal>467855</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
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<DOCUMENT>
<TYPE>INFORMATION TABLE
<SEQUENCE>2
<FILENAME>Form13F_InfoTable.xml
<DESCRIPTION>INFORMATION TABLE FOR INVENOMIC CAPITAL MANAGEMENT LP
<TEXT>
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		<titleOfClass>COM</titleOfClass>
		<cusip>000957100</cusip>
		<value>1850</value>
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			<None>0</None>
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	<infoTable>
		<nameOfIssuer>ADTALEM GLOBAL ED INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00737L103</cusip>
		<value>8802</value>
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			<None>0</None>
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		<nameOfIssuer>AGROFRESH SOLUTIONS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00856G109</cusip>
		<value>107</value>
		<shrsOrPrnAmt>
			<sshPrnamt>53807</sshPrnamt>
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			<Sole>53807</Sole>
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			<None>0</None>
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		<nameOfIssuer>AMERICAN VANGUARD CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>030371108</cusip>
		<value>368</value>
		<shrsOrPrnAmt>
			<sshPrnamt>22442</sshPrnamt>
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		<nameOfIssuer>AMESITE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>031094105</cusip>
		<value>280</value>
		<shrsOrPrnAmt>
			<sshPrnamt>271717</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<None>0</None>
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		<nameOfIssuer>AT&amp;T INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00206R102</cusip>
		<value>11631</value>
		<shrsOrPrnAmt>
			<sshPrnamt>472820</sshPrnamt>
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	<infoTable>
		<nameOfIssuer>ATLAS AIR WORLDWIDE HLDGS IN</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>049164205</cusip>
		<value>2272</value>
		<shrsOrPrnAmt>
			<sshPrnamt>24142</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>24142</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>BANK7 CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>06652N107</cusip>
		<value>221</value>
		<shrsOrPrnAmt>
			<sshPrnamt>9577</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>9577</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>BAUSCH HEALTH COS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>071734107</cusip>
		<value>4178</value>
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		<nameOfIssuer>BELDEN INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>077454106</cusip>
		<value>1800</value>
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			<None>0</None>
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		<nameOfIssuer>BIODELIVERY SCIENCES INTL IN</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>09060J106</cusip>
		<value>3685</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1188759</sshPrnamt>
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		<nameOfIssuer>BLOCK H &amp; R INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>093671105</cusip>
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		<nameOfIssuer>BLOCK H &amp; R INC</nameOfIssuer>
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		<cusip>093671905</cusip>
		<value>4712</value>
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		<cusip>099724106</cusip>
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		<nameOfIssuer>BRISTOW GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>11040G103</cusip>
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		<nameOfIssuer>BROADWIND INC</nameOfIssuer>
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		<cusip>11161T207</cusip>
		<value>93</value>
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		<nameOfIssuer>CABOT CORP</nameOfIssuer>
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		<nameOfIssuer>CAESARSTONE LTD</nameOfIssuer>
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		<cusip>M20598104</cusip>
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			<None>0</None>
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		<titleOfClass>COM</titleOfClass>
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		<value>1211</value>
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		<nameOfIssuer>CB FINL SVCS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>12479G101</cusip>
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		<nameOfIssuer>CELESTICA INC</nameOfIssuer>
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		<cusip>15101Q108</cusip>
		<value>5733</value>
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			<None>0</None>
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		<nameOfIssuer>CHECK POINT SOFTWARE TECH LT</nameOfIssuer>
		<titleOfClass>ORD</titleOfClass>
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		<value>1630</value>
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			<None>0</None>
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		<nameOfIssuer>CIGNA CORP NEW</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>125523100</cusip>
		<value>9439</value>
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		<nameOfIssuer>CIVEO CORP CDA</nameOfIssuer>
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		<cusip>17878Y207</cusip>
		<value>1835</value>
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			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>CIVITAS RESOURCES INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
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		<value>4329</value>
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			<sshPrnamt>88403</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>CLEVELAND-CLIFFS INC NEW</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>185899101</cusip>
		<value>1265</value>
		<shrsOrPrnAmt>
			<sshPrnamt>58103</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>58103</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CONVEY HEALTH SOLUTIONS HLDG</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>21258C108</cusip>
		<value>2148</value>
		<shrsOrPrnAmt>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>256951</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COOPER STD HLDGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>21676P103</cusip>
		<value>1241</value>
		<shrsOrPrnAmt>
			<sshPrnamt>55365</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>55365</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CORNERSTONE BLDG BRANDS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>21925D109</cusip>
		<value>1898</value>
		<shrsOrPrnAmt>
			<sshPrnamt>108816</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>108816</Sole>
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			<None>0</None>
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		<nameOfIssuer>CRESCENT PT ENERGY CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>22576C101</cusip>
		<value>3629</value>
		<shrsOrPrnAmt>
			<sshPrnamt>679570</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>679570</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>DANA INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>235825205</cusip>
		<value>1784</value>
		<shrsOrPrnAmt>
			<sshPrnamt>78189</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>78189</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>DEL TACO RESTAURANTS INC NEW</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>245496104</cusip>
		<value>352</value>
		<shrsOrPrnAmt>
			<sshPrnamt>28261</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>28261</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>DERMTECH INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>24984K105</cusip>
		<value>3963</value>
		<shrsOrPrnAmt>
			<sshPrnamt>250786</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>250786</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>DINE BRANDS GLOBAL INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>254423106</cusip>
		<value>4254</value>
		<shrsOrPrnAmt>
			<sshPrnamt>56107</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>56107</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>DISCOVERY INC</nameOfIssuer>
		<titleOfClass>COM SER C</titleOfClass>
		<cusip>25470F302</cusip>
		<value>4797</value>
		<shrsOrPrnAmt>
			<sshPrnamt>209469</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>209469</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>DOLE PLC</nameOfIssuer>
		<titleOfClass>ORD SHS</titleOfClass>
		<cusip>G27907107</cusip>
		<value>3659</value>
		<shrsOrPrnAmt>
			<sshPrnamt>274701</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>274701</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>DROPBOX INC</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>26210C104</cusip>
		<value>3756</value>
		<shrsOrPrnAmt>
			<sshPrnamt>153066</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>153066</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>ECHOSTAR CORP</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>278768106</cusip>
		<value>1006</value>
		<shrsOrPrnAmt>
			<sshPrnamt>38173</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>38173</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>ELDORADO GOLD CORP NEW</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>284902509</cusip>
		<value>342</value>
		<shrsOrPrnAmt>
			<sshPrnamt>36595</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>36595</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>FERROGLOBE PLC</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G33856108</cusip>
		<value>5141</value>
		<shrsOrPrnAmt>
			<sshPrnamt>827839</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>827839</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>FIRST BANCORP P R</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>318672706</cusip>
		<value>6011</value>
		<shrsOrPrnAmt>
			<sshPrnamt>436239</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>436239</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>FIRSTENERGY CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>337932107</cusip>
		<value>6155</value>
		<shrsOrPrnAmt>
			<sshPrnamt>148007</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>148007</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>FISERV INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>337738108</cusip>
		<value>3544</value>
		<shrsOrPrnAmt>
			<sshPrnamt>34138</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>34138</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>FLEX LTD</nameOfIssuer>
		<titleOfClass>ORD</titleOfClass>
		<cusip>Y2573F102</cusip>
		<value>4596</value>
		<shrsOrPrnAmt>
			<sshPrnamt>250727</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>250727</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>FONAR CORP</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>344437405</cusip>
		<value>1151</value>
		<shrsOrPrnAmt>
			<sshPrnamt>76883</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>76883</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>FOOT LOCKER INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>344849104</cusip>
		<value>913</value>
		<shrsOrPrnAmt>
			<sshPrnamt>20926</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>20926</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>FRESH DEL MONTE PRODUCE INC</nameOfIssuer>
		<titleOfClass>ORD</titleOfClass>
		<cusip>G36738105</cusip>
		<value>2499</value>
		<shrsOrPrnAmt>
			<sshPrnamt>90562</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>90562</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>GAIA INC NEW</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>36269P104</cusip>
		<value>480</value>
		<shrsOrPrnAmt>
			<sshPrnamt>56037</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>56037</Sole>
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			<None>0</None>
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		<nameOfIssuer>GAP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>364760108</cusip>
		<value>2197</value>
		<shrsOrPrnAmt>
			<sshPrnamt>124459</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>124459</Sole>
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		<nameOfIssuer>GOLD STD VENTURES CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>380738104</cusip>
		<value>921</value>
		<shrsOrPrnAmt>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2077445</Sole>
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		<nameOfIssuer>GOLDMAN SACHS MLP ENERGY REN</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>38148G206</cusip>
		<value>1406</value>
		<shrsOrPrnAmt>
			<sshPrnamt>134543</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>134543</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>GORES METROPOULOS II INC</nameOfIssuer>
		<titleOfClass>*W EXP 01/31/202</titleOfClass>
		<cusip>382873115</cusip>
		<value>464</value>
		<shrsOrPrnAmt>
			<sshPrnamt>245174</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>245174</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>GROUPON INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>399473206</cusip>
		<value>541</value>
		<shrsOrPrnAmt>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>23335</Sole>
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			<None>0</None>
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		<nameOfIssuer>HALLIBURTON CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>406216101</cusip>
		<value>4977</value>
		<shrsOrPrnAmt>
			<sshPrnamt>217585</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>217585</Sole>
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			<None>0</None>
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		<nameOfIssuer>HAMILTON BEACH BRANDS HLDG C</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>40701T104</cusip>
		<value>2182</value>
		<shrsOrPrnAmt>
			<sshPrnamt>151977</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>151977</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>HANESBRANDS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>410345102</cusip>
		<value>1150</value>
		<shrsOrPrnAmt>
			<sshPrnamt>68804</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>68804</Sole>
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			<None>0</None>
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		<nameOfIssuer>HERBALIFE NUTRITION LTD</nameOfIssuer>
		<titleOfClass>COM SHS</titleOfClass>
		<cusip>G4412G101</cusip>
		<value>3638</value>
		<shrsOrPrnAmt>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>88886</Sole>
			<Shared>0</Shared>
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		<nameOfIssuer>HOLLEY INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>43538H103</cusip>
		<value>782</value>
		<shrsOrPrnAmt>
			<sshPrnamt>60243</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>60243</Sole>
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			<None>0</None>
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		<nameOfIssuer>HOWARD HUGHES CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>44267D107</cusip>
		<value>772</value>
		<shrsOrPrnAmt>
			<sshPrnamt>7586</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>7586</Sole>
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			<None>0</None>
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		<nameOfIssuer>HURCO CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>447324104</cusip>
		<value>1548</value>
		<shrsOrPrnAmt>
			<sshPrnamt>52115</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>52115</Sole>
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			<None>0</None>
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		<nameOfIssuer>HYRECAR INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>44916T107</cusip>
		<value>979</value>
		<shrsOrPrnAmt>
			<sshPrnamt>207745</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>207745</Sole>
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		<nameOfIssuer>IBEX LTD</nameOfIssuer>
		<titleOfClass>SHS NEW</titleOfClass>
		<cusip>G4690M101</cusip>
		<value>705</value>
		<shrsOrPrnAmt>
			<sshPrnamt>54634</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>54634</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>IMMERSION CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>452521107</cusip>
		<value>9698</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1698555</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1698555</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>INOGEN INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>45780L104</cusip>
		<value>5624</value>
		<shrsOrPrnAmt>
			<sshPrnamt>165426</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>165426</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>INTERNATIONAL PAPER CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>460146103</cusip>
		<value>444</value>
		<shrsOrPrnAmt>
			<sshPrnamt>9460</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>9460</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>INVESCO QQQ TR</nameOfIssuer>
		<titleOfClass>PUT</titleOfClass>
		<cusip>46090E953</cusip>
		<value>25104</value>
		<shrsOrPrnAmt>
			<sshPrnamt>63100</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>63100</Sole>
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			<None>0</None>
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		<nameOfIssuer>JACK IN THE BOX INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>466367109</cusip>
		<value>9437</value>
		<shrsOrPrnAmt>
			<sshPrnamt>107883</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>107883</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>JOANN INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>47768J101</cusip>
		<value>3648</value>
		<shrsOrPrnAmt>
			<sshPrnamt>351502</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>351502</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>KINROSS GOLD CORP</nameOfIssuer>
		<titleOfClass>CALL</titleOfClass>
		<cusip>496902904</cusip>
		<value>2673</value>
		<shrsOrPrnAmt>
			<sshPrnamt>460000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>460000</Sole>
			<Shared>0</Shared>
			<None>0</None>
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	<infoTable>
		<nameOfIssuer>KINROSS GOLD CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>496902404</cusip>
		<value>9537</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1641537</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1641537</Sole>
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			<None>0</None>
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		<nameOfIssuer>KOPPERS HOLDINGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>50060P106</cusip>
		<value>5876</value>
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			<sshPrnamt>187735</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>187735</Sole>
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			<None>0</None>
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		<nameOfIssuer>LANDSEA HOMES CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>51509P103</cusip>
		<value>345</value>
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			<sshPrnamt>47092</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>47092</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>LAREDO PETROLEUM INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>516806205</cusip>
		<value>365</value>
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			<sshPrnamt>6065</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>6065</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>LEXARIA BIOSCIENCE CORP</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>52886N406</cusip>
		<value>1454</value>
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			<sshPrnamt>359113</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>359113</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>LUMEN TECHNOLOGIES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>550241103</cusip>
		<value>1275</value>
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			<sshPrnamt>101659</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>101659</Sole>
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			<None>0</None>
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		<nameOfIssuer>LYONDELLBASELL INDUSTRIES N</nameOfIssuer>
		<titleOfClass>SHS - A -</titleOfClass>
		<cusip>N53745100</cusip>
		<value>1917</value>
		<shrsOrPrnAmt>
			<sshPrnamt>20777</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>20777</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>MCKESSON CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>58155Q103</cusip>
		<value>7881</value>
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			<sshPrnamt>31705</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>31705</Sole>
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			<None>0</None>
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		<nameOfIssuer>MERIDA MERGER CORP I</nameOfIssuer>
		<titleOfClass>*W EXP 11/07/202</titleOfClass>
		<cusip>58953M114</cusip>
		<value>394</value>
		<shrsOrPrnAmt>
			<sshPrnamt>352537</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>352537</Sole>
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			<None>0</None>
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		<nameOfIssuer>MILLER INDS INC TENN</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>600551204</cusip>
		<value>815</value>
		<shrsOrPrnAmt>
			<sshPrnamt>24389</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>24389</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>MISTRAS GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>60649T107</cusip>
		<value>4843</value>
		<shrsOrPrnAmt>
			<sshPrnamt>651816</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>651816</Sole>
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			<None>0</None>
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		<nameOfIssuer>MOLSON COORS BEVERAGE CO</nameOfIssuer>
		<titleOfClass>CL B</titleOfClass>
		<cusip>60871R209</cusip>
		<value>2229</value>
		<shrsOrPrnAmt>
			<sshPrnamt>48093</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>48093</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>NATUS MED INC DEL</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>639050103</cusip>
		<value>1686</value>
		<shrsOrPrnAmt>
			<sshPrnamt>71033</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>71033</Sole>
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			<None>0</None>
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		<nameOfIssuer>NERDY INC</nameOfIssuer>
		<titleOfClass>CL A COM</titleOfClass>
		<cusip>64081V109</cusip>
		<value>3435</value>
		<shrsOrPrnAmt>
			<sshPrnamt>763494</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>763494</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>NN INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>629337106</cusip>
		<value>1235</value>
		<shrsOrPrnAmt>
			<sshPrnamt>301182</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>301182</Sole>
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			<None>0</None>
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		<nameOfIssuer>OAK VY BANCORP OAKDALE CALIF</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>671807105</cusip>
		<value>93</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5329</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>5329</Sole>
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			<None>0</None>
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		<nameOfIssuer>OCCIDENTAL PETE CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>674599105</cusip>
		<value>3114</value>
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			<sshPrnamt>107434</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>107434</Sole>
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		<nameOfIssuer>OCCIDENTAL PETE CORP</nameOfIssuer>
		<titleOfClass>*W EXP 08/03/202</titleOfClass>
		<cusip>674599162</cusip>
		<value>1184</value>
		<shrsOrPrnAmt>
			<sshPrnamt>93922</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>93922</Sole>
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			<None>0</None>
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		<nameOfIssuer>ON24 INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>68339B104</cusip>
		<value>4487</value>
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			<sshPrnamt>258615</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>258615</Sole>
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			<None>0</None>
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		<nameOfIssuer>OP BANCORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>67109R109</cusip>
		<value>423</value>
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			<sshPrnamt>33199</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>33199</Sole>
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			<None>0</None>
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		<nameOfIssuer>ORION GROUP HLDGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>68628V308</cusip>
		<value>975</value>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>258517</Sole>
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			<None>0</None>
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		<nameOfIssuer>OVINTIV INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>69047Q102</cusip>
		<value>6540</value>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>194041</Sole>
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		<nameOfIssuer>OWENS CORNING NEW</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>690742101</cusip>
		<value>1597</value>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>17652</Sole>
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			<None>0</None>
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		<nameOfIssuer>PAYSAFE LIMITED</nameOfIssuer>
		<titleOfClass>ORD</titleOfClass>
		<cusip>G6964L107</cusip>
		<value>1371</value>
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			<sshPrnamt>350696</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>350696</Sole>
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		<nameOfIssuer>PHILLIPS 66</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>718546104</cusip>
		<value>2697</value>
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			<sshPrnamt>37214</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>37214</Sole>
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			<None>0</None>
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		<nameOfIssuer>PLAYAGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>72814N104</cusip>
		<value>874</value>
		<shrsOrPrnAmt>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>128647</Sole>
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			<None>0</None>
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		<nameOfIssuer>POPULAR INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>733174700</cusip>
		<value>10911</value>
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			<sshPrnamt>132996</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>132996</Sole>
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			<None>0</None>
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		<nameOfIssuer>POSHMARK INC</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>73739W104</cusip>
		<value>5145</value>
		<shrsOrPrnAmt>
			<sshPrnamt>302154</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>302154</Sole>
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			<None>0</None>
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		<nameOfIssuer>PREFORMED LINE PRODS CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>740444104</cusip>
		<value>1463</value>
		<shrsOrPrnAmt>
			<sshPrnamt>22617</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>22617</Sole>
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			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>PRIORITY TECHNOLOGY HLDGS IN</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>74275G107</cusip>
		<value>1904</value>
		<shrsOrPrnAmt>
			<sshPrnamt>268907</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>268907</Sole>
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		<nameOfIssuer>PRUDENTIAL FINL INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>744320102</cusip>
		<value>2160</value>
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			<sshPrnamt>19955</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>19955</Sole>
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			<None>0</None>
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		<nameOfIssuer>PSYCHEMEDICS CORP</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>744375205</cusip>
		<value>878</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>126477</Sole>
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		<nameOfIssuer>RADIANT LOGISTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>75025X100</cusip>
		<value>1593</value>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>218565</Sole>
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		<nameOfIssuer>REINSURANCE GRP OF AMERICA I</nameOfIssuer>
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		<value>10063</value>
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			<sshPrnamt>91911</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<nameOfIssuer>SABRE CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
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		<value>1487</value>
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			<sshPrnamt>173171</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<None>0</None>
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		<nameOfIssuer>SALLY BEAUTY HLDGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>79546E104</cusip>
		<value>2451</value>
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			<sshPrnamt>132743</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<Sole>132743</Sole>
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			<None>0</None>
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		<nameOfIssuer>SANMINA CORPORATION</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>801056102</cusip>
		<value>7407</value>
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			<sshPrnamt>178645</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>178645</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>SENECA FOODS CORP NEW</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>817070501</cusip>
		<value>2995</value>
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			<sshPrnamt>62446</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<Sole>62446</Sole>
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			<None>0</None>
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		<nameOfIssuer>SILVERCREST ASSET MGMT GROUP</nameOfIssuer>
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		<cusip>828359109</cusip>
		<value>3716</value>
		<shrsOrPrnAmt>
			<sshPrnamt>216393</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<Sole>216393</Sole>
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			<None>0</None>
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		<nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
		<titleOfClass>PUT</titleOfClass>
		<cusip>78462F953</cusip>
		<value>9832</value>
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			<sshPrnamt>20700</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Put</putCall>
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			<Sole>20700</Sole>
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			<None>0</None>
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		<nameOfIssuer>STONEX GROUP INC</nameOfIssuer>
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		<cusip>861896108</cusip>
		<value>2500</value>
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			<sshPrnamt>40811</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>40811</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>STRATEGIC ED INC</nameOfIssuer>
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		<cusip>86272C103</cusip>
		<value>2118</value>
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			<sshPrnamt>36634</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>36634</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>STRATTEC SEC CORP</nameOfIssuer>
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		<cusip>863111100</cusip>
		<value>1185</value>
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			<sshPrnamt>32012</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>32012</Sole>
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			<None>0</None>
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		<nameOfIssuer>STRIDE INC</nameOfIssuer>
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		<cusip>86333M108</cusip>
		<value>12573</value>
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			<sshPrnamt>377225</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>377225</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>STRYVE FOODS INC</nameOfIssuer>
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		<cusip>863685103</cusip>
		<value>953</value>
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			<sshPrnamt>241036</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>241036</Sole>
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			<None>0</None>
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		<nameOfIssuer>TENNECO INC</nameOfIssuer>
		<titleOfClass>CL A VTG COM STK</titleOfClass>
		<cusip>880349105</cusip>
		<value>438</value>
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			<sshPrnamt>38727</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>38727</Sole>
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		<nameOfIssuer>TIMKENSTEEL CORPORATION</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>887399103</cusip>
		<value>1753</value>
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			<sshPrnamt>106264</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>106264</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>TRAVELZOO</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>89421Q205</cusip>
		<value>4756</value>
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			<sshPrnamt>504869</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>504869</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>TRIPLE-S MGMT CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>896749108</cusip>
		<value>8678</value>
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			<sshPrnamt>243208</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>243208</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>TRONOX HOLDINGS PLC</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G9087Q102</cusip>
		<value>5368</value>
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			<sshPrnamt>223410</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>223410</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>TRUEBLUE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>89785X101</cusip>
		<value>6943</value>
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			<sshPrnamt>250941</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>250941</Sole>
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			<None>0</None>
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		<cusip>89785L107</cusip>
		<value>1374</value>
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			<sshPrnamt>404112</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>404112</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>TRUSTCO BK CORP N Y</nameOfIssuer>
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		<cusip>898349204</cusip>
		<value>2104</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>63158</Sole>
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			<None>0</None>
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		<nameOfIssuer>U S SILICA HLDGS INC</nameOfIssuer>
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		<cusip>90346E103</cusip>
		<value>2139</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<nameOfIssuer>UBER TECHNOLOGIES INC</nameOfIssuer>
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		<cusip>90353T100</cusip>
		<value>5502</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<titleOfClass>COM</titleOfClass>
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		<value>5197</value>
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		<nameOfIssuer>UNIVERSAL HLTH SVCS INC</nameOfIssuer>
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		<cusip>913903100</cusip>
		<value>2376</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
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			<None>0</None>
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		<nameOfIssuer>UNIVERSAL LOGISTICS HLDGS IN</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>91388P105</cusip>
		<value>1376</value>
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			<sshPrnamt>72973</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>72973</Sole>
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		<titleOfClass>COM</titleOfClass>
		<cusip>918905209</cusip>
		<value>2007</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>69814</Sole>
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			<None>0</None>
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		<nameOfIssuer>VANECK ETF TRUST</nameOfIssuer>
		<titleOfClass>JUNIOR GOLD MINE</titleOfClass>
		<cusip>92189F791</cusip>
		<value>2943</value>
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			<sshPrnamt>70195</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>70195</Sole>
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			<None>0</None>
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		<value>819</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>479287</Sole>
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		<value>578</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>19162</Sole>
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		<cusip>928298108</cusip>
		<value>1528</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<nameOfIssuer>VITA COCO CO INC</nameOfIssuer>
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		<value>1488</value>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<nameOfIssuer>VMWARE INC</nameOfIssuer>
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		<cusip>928563402</cusip>
		<value>5485</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<Sole>47334</Sole>
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			<None>0</None>
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		<titleOfClass>COM</titleOfClass>
		<cusip>962149100</cusip>
		<value>942</value>
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			<sshPrnamt>39307</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<cusip>92971A109</cusip>
		<value>1636</value>
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			<sshPrnamt>273641</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<nameOfIssuer>WORLD FUEL SVCS CORP</nameOfIssuer>
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		<cusip>981475106</cusip>
		<value>8136</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<value>2401</value>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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