JGD Management Discloses 5.1% Stake in NetManage (NETM); Discloses Meetings With CEO and Board, Confidentiality Agreement Negotiations
In a 13D filing on NetManage, Inc. (Nasdaq: NETM), JGD Management disclosed a 5.1% (489,799 shares) stake in the company and disclosed meetings with the CEO and the Board of Directors and negotiations regarding the terms and conditions of a Confidentiality Agreement with the Company.
From the Filing:
"On or about May 18, 2007, representatives of the Reporting Person met the Chief Executive Officer of the Company to express the Reporting Person's interest as a shareholder in the Company in the business and operations of the Company and in the Reporting Person's possible participation in future investment opportunities in the Company. On June 8, 2007, representatives of the Reporting Person met with a member of the board of directors of the Company and discussed the Company's products, plans and strategic initiatives. No definitive proposal or plan relating to the Company was discussed. The Reporting Person intends to continue to engage in discussions with management and directors ofthe Company from time to time regarding the possible participation of the Reporting Person in future investment opportunities in the Company.
Since the first meeting on May 18, 2007, representatives of the Company and the Reporting Person have engaged in negotiations regarding the terms and conditions of a Confidentiality Agreement between the Company and the Reporting Person for exchanges of information between the parties. Although the Company and the Reporting Person have not entered into any Confidentiality Agreement, it is expected that any Confidentiality Agreement between the Company and the Reporting Person would contain certain standard standstill provisions binding the Reporting Person and its affiliates."