POTOMAC CAPITAL MANAGEMENT LLC

USReporting entity

Transactions

Issuers

Buys / Sells

0/38

Last tx

29 Jan 2010

USReporting entity

Transactions

Issuers

Buys / Sells

0/38

Last tx

29 Jan 2010

Current positions

Holdings derived from the most recent reported transactions. Not adjusted for stock splits or share-class conversions.

Issuer	Shares	Source	Last tx	Detail
MANAGEMENT NETWORK GROUP INC	2,032,930	reported	06 Aug 2009	tx 8+2,100−3,763,169
ADVANCED PHOTONIX INC	1,394,729	reported	29 Jan 2010	tx 17−909,026
ASPYRA INC	946,000	reported	30 Apr 2009	tx 1−455,000
ENDWAVE CORP	829,505	reported	17 Nov 2009	tx 10−834,881
HIGHBURY FINANCIAL INC	710,628	reported	01 May 2008	tx 2−827,372
Courtside Acquisition Corp	0	reported	20 Mar 2008	tx 1−3,837,500
Rand Acquisition CORP	0	reported	02 Apr 2008	tx 2−1,211,700

Recent transactions

Date	Type	Issuer	Qty	Price
29 Jan 2010	SALE	ADVANCED PHOTONIX INC	39,700	0.73 USD
04 Jan 2010	SALE	ADVANCED PHOTONIX INC	101,300	0.73 USD
05 Jan 2010	SALE	ADVANCED PHOTONIX INC	27,900	0.73 USD
13 Jan 2010	SALE	ADVANCED PHOTONIX INC	27,000	0.70 USD
14 Jan 2010	SALE	ADVANCED PHOTONIX INC	400	0.70 USD
28 Jan 2010	SALE	ADVANCED PHOTONIX INC	28,800	0.70 USD
27 Jan 2010	SALE	ADVANCED PHOTONIX INC	23,000	0.70 USD
26 Jan 2010	SALE	ADVANCED PHOTONIX INC	16,600	0.71 USD
22 Jan 2010	SALE	ADVANCED PHOTONIX INC	38,810	0.72 USD
25 Jan 2010	SALE	ADVANCED PHOTONIX INC	2,900	0.71 USD
15 Jan 2010	SALE	ADVANCED PHOTONIX INC	1,900	0.72 USD
17 Nov 2009	SALE	ENDWAVE CORP	200,000	2.39 USD
27 Aug 2009	SALE	ENDWAVE CORP	57,900	3.02 USD
27 Aug 2009	SALE	ENDWAVE CORP	19,056	3.00 USD
27 Aug 2009	SALE	ENDWAVE CORP	209,125	3.22 USD
05 Aug 2009	SALE	ADVANCED PHOTONIX INC	20,314	0.70 USD
05 Aug 2009	SALE	MANAGEMENT NETWORK GROUP INC	1,180,900	0.39 USD
05 Aug 2009	SALE	MANAGEMENT NETWORK GROUP INC	1,461,069	0.39 USD
06 Aug 2009	GRANT_AWARD	MANAGEMENT NETWORK GROUP INC	2,100	0.33 USD
30 Jul 2009	SALE	ADVANCED PHOTONIX INC	8,800	0.64 USD
31 Jul 2009	SALE	ADVANCED PHOTONIX INC	45,202	0.61 USD
03 Aug 2009	SALE	ADVANCED PHOTONIX INC	18,700	0.61 USD
15 Jul 2009	SALE	ENDWAVE CORP	200,000	2.25 USD
30 Apr 2009	SALE	ASPYRA INC	455,000	0.25 USD
30 Apr 2009	SALE	ENDWAVE CORP	32,900	2.75 USD

Current positions

Holdings derived from the most recent reported transactions. Not adjusted for stock splits or share-class conversions.

Issuer	Shares	Source	Last tx	Detail
MANAGEMENT NETWORK GROUP INC	2,032,930	reported	06 Aug 2009	tx 8+2,100−3,763,169
ADVANCED PHOTONIX INC	1,394,729	reported	29 Jan 2010	tx 17−909,026
ASPYRA INC	946,000	reported	30 Apr 2009	tx 1−455,000
ENDWAVE CORP	829,505	reported	17 Nov 2009	tx 10−834,881
HIGHBURY FINANCIAL INC	710,628	reported	01 May 2008	tx 2−827,372
Courtside Acquisition Corp	0	reported	20 Mar 2008	tx 1−3,837,500
Rand Acquisition CORP	0	reported	02 Apr 2008	tx 2−1,211,700

Recent transactions

Date	Type	Issuer	Qty	Price
29 Jan 2010	SALE	ADVANCED PHOTONIX INC	39,700	0.73 USD
04 Jan 2010	SALE	ADVANCED PHOTONIX INC	101,300	0.73 USD
05 Jan 2010	SALE	ADVANCED PHOTONIX INC	27,900	0.73 USD
13 Jan 2010	SALE	ADVANCED PHOTONIX INC	27,000	0.70 USD
14 Jan 2010	SALE	ADVANCED PHOTONIX INC	400	0.70 USD
28 Jan 2010	SALE	ADVANCED PHOTONIX INC	28,800	0.70 USD
27 Jan 2010	SALE	ADVANCED PHOTONIX INC	23,000	0.70 USD
26 Jan 2010	SALE	ADVANCED PHOTONIX INC	16,600	0.71 USD
22 Jan 2010	SALE	ADVANCED PHOTONIX INC	38,810	0.72 USD
25 Jan 2010	SALE	ADVANCED PHOTONIX INC	2,900	0.71 USD
15 Jan 2010	SALE	ADVANCED PHOTONIX INC	1,900	0.72 USD
17 Nov 2009	SALE	ENDWAVE CORP	200,000	2.39 USD
27 Aug 2009	SALE	ENDWAVE CORP	57,900	3.02 USD
27 Aug 2009	SALE	ENDWAVE CORP	19,056	3.00 USD
27 Aug 2009	SALE	ENDWAVE CORP	209,125	3.22 USD
05 Aug 2009	SALE	ADVANCED PHOTONIX INC	20,314	0.70 USD
05 Aug 2009	SALE	MANAGEMENT NETWORK GROUP INC	1,180,900	0.39 USD
05 Aug 2009	SALE	MANAGEMENT NETWORK GROUP INC	1,461,069	0.39 USD
06 Aug 2009	GRANT_AWARD	MANAGEMENT NETWORK GROUP INC	2,100	0.33 USD
30 Jul 2009	SALE	ADVANCED PHOTONIX INC	8,800	0.64 USD
31 Jul 2009	SALE	ADVANCED PHOTONIX INC	45,202	0.61 USD
03 Aug 2009	SALE	ADVANCED PHOTONIX INC	18,700	0.61 USD
15 Jul 2009	SALE	ENDWAVE CORP	200,000	2.25 USD
30 Apr 2009	SALE	ASPYRA INC	455,000	0.25 USD
30 Apr 2009	SALE	ENDWAVE CORP	32,900	2.75 USD