-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QB/Q4ST54CEfi4SK/XCq0fx6GxgoSGEsn6heWG5lOFMQePugFBoM+ne8lQJ+QqDz DXD+x3XlChxPVCmOv2CLKQ== 0000890163-11-000036.txt : 20110301 0000890163-11-000036.hdr.sgml : 20110301 20110301132507 ACCESSION NUMBER: 0000890163-11-000036 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20110301 DATE AS OF CHANGE: 20110301 GROUP MEMBERS: PAUL J. SOLIT GROUP MEMBERS: POTOMAC CAPITAL MANAGEMENT II, LLC GROUP MEMBERS: POTOMAC CAPITAL MANAGEMENT LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MANAGEMENT NETWORK GROUP INC CENTRAL INDEX KEY: 0001094814 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742] IRS NUMBER: 481129619 FISCAL YEAR END: 0101 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58049 FILM NUMBER: 11650351 BUSINESS ADDRESS: STREET 1: 7300 COLLEGE BLVD., STE 302 CITY: OVERLAND PARK STATE: KS ZIP: 66210 BUSINESS PHONE: 9133459315 MAIL ADDRESS: STREET 1: 7300 COLLEGE BLVD., STE 302 CITY: OVERLAND PARK STATE: KS ZIP: 66210 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: POTOMAC CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001233369 IRS NUMBER: 133984298 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 825 THIRD AVENUE STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2125215115 MAIL ADDRESS: STREET 1: 825 THIRD AVENUE STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 s22-10186_sc13ga.htm SCHEDULE 13G/A-TMNG s22-10186_sc13ga.htm
 
SEC 1745 Potential persons who are to respond to the collection of information contained in this form are not required to respond
(02-02) unless the form displays a currently valid OMB control number.
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G/A
(Rule 13d-102)

Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934

The Management Network Group, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

561693102
(CUSIP Number)

December 31, 2010
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

   x   Rule 13d-1(b)
   o   Rule 13d-1(c)
   o   Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
 
 
CUSIP No. 561693102

 1.  Names of Reporting Persons. I.R.S. Identification Nos. of above persons
      (entities only)

      Potomac Capital Management LLC
      13-3984298

 2.  Check the Appropriate Box if a Member of a Group (See Instructions)
       (a) o
       (b) o
 
 3.  SEC Use Only

 4.  Citizenship or Place of Organization
     New York
 
Number of 5. Sole Voting Power
Shares   407,843 shares of common stock (1)
Beneficially
    
Owned by 6. Shared Voting Power
Each    0
Reporting
    
Person With 7. Sole Dispositive Power
    407,843 shares of common stock (1)
     
  8. Shared Dispositive Power
    0
 
   9.  Aggregate Amount Beneficially Owned by Each Reporting Person
        407,843 shares of common stock (1)

10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
        (See Instructions) o

11.  Percent of Class Represented by Amount in Row (9)
        5.76%(2)

12.  Type of Reporting Person (See Instructions)
        HC; OO (Limited Liability Company)

(1)  Potomac Capital Management LLC may be deemed to hold an indirect beneficial interest in these shares, which are directly beneficially owned by Potomac Capital Partners, LP.  Potomac Capital Management LLC is the General Partner of Potomac Capital Partners, LP.  Mr. Paul J. Solit is the Managing Member of Potomac Capital Management, LLC.
(2)  Based on 7,073,330 shares of common stock of The Management Network Group, Inc. outstanding as of
     November 12, 2010.
 
 
 
 
 
CUSIP No. 561693102

 1.  Names of Reporting Persons. I.R.S. Identification Nos. of above persons
      (entities only)

      Potomac Capital Management II, LLC
      26-2667762

 2.  Check the Appropriate Box if a Member of a Group (See Instructions)
       (a) o
       (b) o
  
 3.  SEC Use Only

 4.  Citizenship or Place of Organization
     New York
 
Number of 5. Sole Voting Power
Shares   37,601 shares of common stock (3)
Beneficially
    
Owned by 6. Shared Voting Power
Each    0
Reporting
    
Person With 7. Sole Dispositive Power
    37,601 shares of common stock (3)
     
  8. Shared Dispositive Power
    0
 
  9.  Aggregate Amount Beneficially Owned by Each Reporting Person
        37,601 shares of common stock (3)

10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
        (See Instructions) o
 
11.  Percent of Class Represented by Amount in Row (9)
        Less than 0.5%(2)

12.  Type of Reporting Person (See Instructions)
        HC; CO

(3)  Potomac Capital Management II LLC may be deemed to hold an indirect beneficial interest in these shares, which are directly beneficially owned by Potomac Capital Partners II, LP.  Potomac Capital Management II LLC is the General Partner of Potomac Capital Partners, LP.  Mr. Paul J. Solit is the Managing Member of Potomac Capital Management II, LLC.
(2)  Based on 7,073,330 shares of common stock of The Management Network Group, Inc. outstanding as of November 12, 2010.
 
 
 
 
 
CUSIP No. 561693102

 1.  Names of Reporting Persons. I.R.S. Identification Nos. of above persons
      (entities only)

      Paul J. Solit

 2.  Check the Appropriate Box if a Member of a Group (See Instructions)
       (a) o
       (b) o

 3.  SEC Use Only

 4.  Citizenship or Place of Organization
       U.S.
 
Number of 5. Sole Voting Power
Shares   37,049 shares of common stock
Beneficially
    
Owned by 6. Shared Voting Power
Each    480,084 shares of common stock
Reporting
    
Person With 7. Sole Dispositive Power
    37,049 shares of common stock
     
  8. Shared Dispositive Power
    480,084 shares of common stock
 
  9.  Aggregate Amount Beneficially Owned by Each Reporting Person
        517,133shares of common stock

10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
        (See Instructions) [   ]

11.  Percent of Class Represented by Amount in Row (9)
        7.31%(2)

12.  Type of Reporting Person (See Instructions)
        IN; HC

(4)  Paul J. Solit may be deemed to hold an indirect beneficial interest in these shares, which are directly beneficially owned by Potomac Capital Partners, LP and Potomac Capital Partners II, LP, as reported herein, and by members of Paul J. Solit’s immediate family.  Potomac Capital Management, LLC and Potomac Capital Management II, LLC are the General Partners of Potomac Capital Partners, LP and Potomac Capital Partners II, LP, respectively.  Paul J. Solit is the Managing Member of both Potomac Capital Management, LLC, and Potomac Capital Management II, LLC.

(2)  Based on 7,073,330 shares of common stock of The Management Network Group, Inc. outstanding as of November 12, 2010.
 
 
 
 
 
Item 1.

           (a)  Name of Issuer
                The Management Network Group, Inc. ("TMNG")

           (b)  Address of Issuer's Principal Executive Offices
                7300 College Blvd., Suite 302
                Overland Park, KS 66210

Item 2.

     (a)  Name of Person Filing:
             Potomac Capital Management LLC

     (b)  Address of Principal Business Office or, if none, Residence:
             825 Third Avenue
             33rd Floor
             New York, New York 10022

     (c)  Citizenship:
             Limited Liability Company formed under the laws of the State of
             New York.

     (a)  Name of Person Filing:
             Potomac Capital Management II LLC

     (b)  Address of Principal Business Office or, if none, Residence:
             825 Third Avenue
             33rd Floor
             New York, New York 10022

     (c)  Citizenship:
             Limited Liability Company formed under the laws of the State of
             New York.

     (a)  Name of Person Filing:
             Paul J. Solit

     (b)  Address of Principal Business Office or, if none, Residence:
             c/o Potomac Capital Management LLC
             825 Third Avenue
             33rd Floor
             New York, New York 10022

     (c)  Citizenship:
             U.S. Citizen

     (d)   Title of Class of Securities
              Common Stock

     (e)   CUSIP Number
              561693102

Item 3.    Not Applicable
 
 
 
 
 
Item 4.    Ownership

Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.

Potomac Capital Management LLC
           (a) Amount beneficially owned:
                  407,843
           (b) Percent of class:
                  5.76%
           (c)  Number of shares as to which the person has:
                  (i) Sole power to vote or to direct the vote
                        407,843
                 (ii) Shared power to vote or to direct the vote
                        0
                (iii) Sole power to dispose or to direct the disposition of
                        407,843
 
Potomac Capital Management II, LLC
           (a) Amount beneficially owned:
                  37,601
           (b) Percent of class:
                  0.5%
           (c) Number of shares as to which the person has:
                 (i) Sole power to vote or to direct the vote
                       37,601
                (ii) Shared power to vote or to direct the vote
                       0
               (iii) Sole power to dispose or to direct the disposition of
                       37,601
Paul J. Solit

           (a) Amount beneficially owned:
                  517,133
           (b) Percent of class: 7.31%
           (c) Number of shares as to which the person has:
                 (i) Sole power to vote or to direct the vote
                       37,049
                (ii) Shared power to vote or to direct the vote
                       480,084
               (iii) Sole power to dispose or to direct the disposition of
                       37,049

Item 5.    Ownership of Five Percent or Less of a Class

If this Statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following o

Item 6.    Ownership of More than Five Percent on Behalf of Another Person

                 Not Applicable.

Item 7.    Identification and Classification of the Subsidiary Which Acquired
                the Security Being Reported on By the Parent Holding Company or
                Control Person

                See Exhibit A attached hereto.

Item 8.    Identification and Classification of Members of the Group

                Not Applicable.

Item 9.    Notice of Dissolution of Group

                Not Applicable.


 
 
 


Item 10.   Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated this 28th day of February, 2011

                                          POTOMAC CAPITAL MANAGEMENT LLC

                                          By:   /s/ Paul J. Solit                                                   
                                                   Paul J. Solit, Managing Member

                                          POTOMAC CAPITAL MANAGEMENT II, LLC

                                          By:   /s/ Paul J. Solit                                                   
                                                   Paul J. Solit, Managing Member

                                          PAUL J. SOLIT

                                          By:   /s/ Paul J. Solit                                                   
                                                Paul J. Solit


 
 
 


EXHIBIT INDEX

The following exhibits are filed with this report on Schedule 13G/A:
 
 
Exhibit A
Identification of entities which acquired the shares which are the subject of this report on Schedule 13G/A.
 
Exhibit B Joint Filing Agreement dated February 22, 2011 among Potomac Capital Management LLC, Potomac Capital Management II, LLC, and Paul J. Solit.
 
 
 
 
 
 
 
 
 EX-99.1 2 s22-10186_ex991.htm EXHIBIT A s22-10186_ex991.htm
Exhibit A

Identification of entities which acquired the shares which are the subject of
this report on Schedule 13G/A.

(1)    Potomac Capital Partners LP, a private investment partnership formed
         under the laws of State of Delaware. Potomac Capital Management LLC is
         the General Partner of Potomac Capital Partners LP. Mr. Paul J. Solit
         is the Managing Member of Potomac Capital Management LLC.

(2)    Potomac Capital Partners II, LP, a private investment partnership
         formed under the laws of State of Delaware. Potomac Capital Management
         II, LLC is the General Partner of Potomac Capital Partners II LP. Mr.
         Paul J. Solit is the Managing Member of Potomac Capital Management II,
         LLC.



 EX-99.2 3 s22-10186_ex992.htm EXHIBIT B s22-10186_ex992.htm

Exhibit B

                                   JOINT FILING AGREEMENT

     This Agreement is filed as an exhibit to Schedule 13G/A being filed by
Potomac Capital Management LLC, Potomac Capital Management II, LLC, and Paul J.
Solit in compliance with Rule 13d-1(k) of the Securities and Exchange
Commission, which requires an agreement in writing indicating that the Schedule
13G/A to which this Agreement is attached is filed on behalf of the below-named
entities, that they are each responsible for the timely filing of the Schedule
13G/A and any amendments thereto and for the completeness and accuracy of the
information concerning such persons contained therein.

Dated: February 22, 2011

                                          POTOMAC CAPITAL MANAGEMENT LLC

                                          By:   /s/ Paul J. Solit                                                   
                                                   Paul J. Solit, Managing Member

                                          POTOMAC CAPITAL MANAGEMENT II, LLC

                                          By:   /s/ Paul J. Solit                                                   
                                                   Paul J. Solit, Managing Member

                                          PAUL J. SOLIT

                                          By:   /s/ Paul J. Solit                                                   
                                                Paul J. Solit


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