Ark Restauraunts Corp.

Today we purchased 350 shares of Ark Restauraunts Corp. (ARKR) at $14.30 per share, and will look to purchase additional shares upon a decline in price. Ark is a small company which owns and operates a number of unique conventional and fast food restauraunts which generate solid returns on assets, and which operates with a very conservative balance sheet. Look for a full write-up on this investment shortly.

GameStop Corp and Nike Inc. Puts (Update)

On the 1st and 6th of this month we repurchased our two outstanding Nike puts, and four outstanding GameStop puts, respectively, each at $5.00 per put. By closing these transactions prior to their scheduled expiration, we eliminate all risks of the stocks declining below the strike prices (albeit a slight risk at current prices) as well as free up the reserved cash for other investment.