Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TBBK	BANCORP INC DEL	870,205	$9.477M	11.2%	$9.38	0.0%	COM	05969A105
—	SPDR S&P 500 ETF TR	45,000	$9.249M	10.9%	—	—	Call	78462F903
BAC	BANK AMER CORP	274,000	$4.902M	5.8%	$13.55	0.0%	COM	060505104
VC	VISTEON CORP	45,000	$4.809M	5.7%	$55.61	0.0%	COM NEW	92839U206
MSFT	MICROSOFT CORP	94,787	$4.403M	5.2%	$39.88	0.0%	COM	594918104
—	CHC GROUP LTD	1,174,896	$3.783M	4.5%	$3.22	—	SHS	G07021101
DXJ	WISDOMTREE TR	66,000	$3.249M	3.8%	$49.23	—	JAPN HEDGE EQT	97717W851
—	ELLIS PERRY INTL INC	117,500	$3.047M	3.6%	$25.93	—	COM	288853104
PHYS	SPROTT PHYSICAL GOLD TRUST	310,000	$3.029M	3.6%	$9.77	—	UNIT	85207H104
SXC	SUNCOKE ENERGY INC	150,100	$2.903M	3.4%	$20.98	0.0%	COM	86722A103
—	RANDGOLD RES LTD	40,911	$2.758M	3.3%	$67.41	—	ADR	752344309
—	ZILLOW INC	25,000	$2.647M	3.1%	—	—	Put	98954A957
—	POTASH CORP SASK INC	65,000	$2.296M	2.7%	$35.32	—	COM	73755L107
SGI	TEMPUR SEALY INTL INC	41,458	$2.276M	2.7%	$13.65	0.0%	COM	88023U101
JPM	JPMORGAN CHASE & CO	30,000	$1.877M	2.2%	$44.70	0.0%	COM	46625H100
BB	BLACKBERRY LTD	150,000	$1.647M	1.9%	$10.24	0.0%	COM	09228F103
—	CENTRAL GOLDTRUST	40,000	$1.626M	1.9%	$40.65	—	TR UNIT	153546106
—	CONNS INC	84,677	$1.583M	1.9%	$18.69	—	COM	208242107
—	SIX FLAGS ENTMT CORP NEW	36,484	$1.574M	1.9%	$43.14	—	COM	83001A102
—	ANCHOR BANCORP WA	75,251	$1.535M	1.8%	$20.40	—	COM	032838104
—	FORBES ENERGY SVCS LTD	1,234,869	$1.494M	1.8%	$1.21	—	COM	345143101
—	CENTRAL FD CDA LTD	120,000	$1.39M	1.6%	$11.58	—	CL A	153501101
LAKE	LAKELAND INDS INC	140,870	$1.32M	1.6%	$12.38	0.0%	COM	511795106
—	MARKET VECTORS ETF TR	51,884	$759K	0.9%	$14.63	—	RUSSIA ETF	57060U506
—	MEI PHARMA INC	125,000	$534K	0.6%	$4.27	—	COM NEW	55279B202
—	HERZFELD CARIBBEAN BASIN FD	51,217	$455K	0.5%	$8.88	—	COM	42804T106
—	ZOGENIX INC	308,671	$423K	0.5%	$1.37	—	COM	98978L105
—	ETFS PLATINUM TR	3,000	$351K	0.4%	$117.00	—	SH BEN INT	26922V101
—	MAST THERAPEUTICS INC	432,007	$242K	0.3%	$0.56	—	COM	576314108
—	DARA BIOSCIENCES INC	271,283	$239K	0.3%	$0.88	—	COM PAR $	23703P304
—	ENTROPIC COMMUNICATIONS INC	88,901	$225K	0.3%	$2.53	—	COM	29384R105
—	MOSYS INC	119,952	$224K	0.3%	$1.87	—	COM	619718109
—	WESTELL TECHNOLOGIES INC	147,846	$222K	0.3%	$1.50	—	CL A	957541105
—	REVOLUTION LIGHTING TECHNOLO	158,308	$214K	0.3%	$1.35	—	COM	76155G107
STXS	STEREOTAXIS INC	143,417	$212K	0.3%	$1.75	0.0%	COM NEW	85916J409
—	TGC INDS INC	96,940	$209K	0.2%	$2.16	—	COM NEW	872417308
—	MILLENNIAL MEDIA INC	125,636	$201K	0.2%	$1.60	—	COM	60040N105
—	OXIGENE INC	122,908	$198K	0.2%	$1.61	—	COM PAR$.001	691828404
—	SUPPORT COM INC	93,370	$197K	0.2%	$2.11	—	COM	86858W101
GALT	GALECTIN THERAPEUTICS INC	56,288	$195K	0.2%	$4.42	0.0%	COM NEW	363225202
—	AMERICAN SUPERCONDUCTOR CORP	261,759	$194K	0.2%	$0.74	—	COM	030111108
—	FEMALE HEALTH CO	49,396	$194K	0.2%	$3.93	—	COM	314462102
—	ROSETTA GENOMICS LTD	86,016	$194K	0.2%	$2.26	—	SHS NEW NIS 0.6	M82183126
—	SCORPIO BULKERS INC	98,504	$194K	0.2%	$1.97	—	SHS	Y7546A106
—	ZHONE TECHNOLOGIES INC NEW	108,235	$192K	0.2%	$1.77	—	COM NEW	98950P884
—	ON TRACK INNOVATION LTD	115,606	$191K	0.2%	$1.65	—	SHS	M8791A109
—	VRINGO INC	346,299	$190K	0.2%	$0.55	—	COM	92911N104
ECTM	ECA MARCELLUS TR I	60,639	$190K	0.2%	$3.13	—	COM UNIT	26827L109
—	GRAN TIERRA ENERGY INC	49,400	$190K	0.2%	$3.85	—	COM	38500T101
—	PROFIRE ENERGY INC	82,905	$189K	0.2%	$2.28	—	COM	74316X101
—	SEQUANS COMMUNICATIONS S A	158,039	$188K	0.2%	$1.19	—	SPONSORED ADS	817323108
—	CYTRX CORP	67,945	$186K	0.2%	$2.74	—	COM PAR $.001	232828509
—	TEARLAB CORP	69,325	$184K	0.2%	$2.65	—	COM	878193101
BLFS	BIOLIFE SOLUTIONS INC	109,073	$179K	0.2%	$2.06	0.0%	COM NEW	09062W204
—	NANOSPHERE INC	454,752	$178K	0.2%	$0.39	—	COM	63009F105
—	PRANA BIOTECHNOLOGY LTD	108,681	$178K	0.2%	$1.64	—	SPONSORED ADR	739727105
—	UQM TECHNOLOGIES INC	225,084	$176K	0.2%	$0.78	—	COM	903213106
—	HANSEN MEDICAL INC	317,210	$176K	0.2%	$0.55	—	COM	411307101
—	IKANOS COMMUNICATIONS	558,124	$173K	0.2%	$0.31	—	COM	45173E105
—	CERES INC	713,514	$171K	0.2%	$0.24	—	COM	156773103
—	EXONE CO	10,000	$168K	0.2%	$16.80	—	COM	302104104
—	EXONE CO	10,000	$168K	0.2%	$16.80	—	Put	302104104
—	CHARLES & COLVARD LTD	90,861	$167K	0.2%	$1.84	—	COM	159765106
—	SANDRIDGE MISSISSIPPIAN TR I	55,116	$166K	0.2%	$3.01	—	UNIT BEN INT	80007T101
—	ONCONOVA THERAPEUTICS INC	50,064	$165K	0.2%	$3.30	—	COM	68232V108
—	SPHERE 3D CORP	31,400	$165K	0.2%	$5.25	—	COM	84841Q109
—	CLEVELAND BIOLABS INC	575,455	$164K	0.2%	$0.28	—	COM	185860103
—	SAMSON OIL & GAS LTD	795,994	$157K	0.2%	$0.20	—	SPON ADR	796043107
—	FIFTH STR SR FLOATNG RATE CO	13,800	$141K	0.2%	$10.22	—	COM	31679F101
—	ENVIVIO INC	103,508	$139K	0.2%	$1.34	—	COM	29413T106
AXXDF	ALDERON IRON ORE CORP	394,500	$132K	0.2%	$0.41	0.0%	COM	01434T100
HDYNQ	HYPERDYNAMICS CORP	155,550	$120K	0.1%	$1.38	0.0%	COM NEW	448954206
—	HARVEST NATURAL RESOURCES IN	58,805	$106K	0.1%	$1.80	—	COM	41754V103
REEMF	RARE ELEMENT RES LTD	256,000	$95,000	0.1%	$0.53	0.0%	COM	75381M102
PSEC	PROSPECT CAPITAL CORPORATION	11,200	$93,000	0.1%	$2.34	0.0%	COM	74348T102
—	NOVACOPPER INC	180,500	$90,000	0.1%	$0.50	—	COM	66988K102
—	BG MEDICINE INC	185,637	$86,000	0.1%	$0.46	—	COM	08861T107
—	NEW YORK & CO INC	32,175	$85,000	0.1%	$2.64	—	COM	649295102
—	U S ENERGY CORP WYO	57,260	$85,000	0.1%	$1.48	—	COM	911805109
—	ARCA BIOPHARMA INC	85,266	$81,000	0.1%	$0.95	—	COM NEW	00211Y209
UAMY	UNITED STATES ANTIMONY CORP	109,244	$76,000	0.1%	$0.97	0.0%	COM	911549103
—	DELCATH SYS INC	53,210	$64,000	0.1%	$1.20	—	COM NEW	24661P401
—	AVALON RARE METALS INC	307,000	$62,000	0.1%	$0.20	—	COM	053470100
—	ALLIED HEALTHCARE PRODS INC	21,900	$40,000	0.0%	$1.83	—	COM	019222108
—	ALLIED NEVADA GOLD CORP	36,800	$32,000	0.0%	$0.87	—	COM	019344100
—	LIVEDEAL INC	10,000	$31,000	0.0%	$3.10	—	COM NEW	538144304
—	LIVEDEAL INC	10,000	$31,000	0.0%	$3.10	—	Put	538144304
—	TASMAN METALS LTD	70,500	$30,000	0.0%	$0.43	—	COM	87652B103