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       Sector: Healthcare  >  Industry: Biotechnology & Drugs
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MTEX: Bull or Bear? From:    SocialPicks  |  Blogsphere  |  All

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Bullish on MTEX ... Graphic_rating_buy MTEX
N/A
 -82.09%
in 1289 days
I added this to my real portfolio on 01/11 at $12.62 as a longterm pick. It's up 48% as of this moment and just gaining steam!
By  thrlskr   (-84.01%  risk: aggressive)  05/01/06 Comment




From the Blogosphere

Mannatech (MTEX)
Vene2
N/A










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<font>Stock Charts Courtesy of www.WallStreetTape.com</font></left>
By  daiwa   (+7.88%  risk: aggressive)  09/24/07 Comment


Mannatech settles Texas lawsuit

Filed under: Law, Scandals

Mannatech (NASDAQ: MTEX), that ever-sleazy multi-level marketing company specializing in the sale of miracle pills, has settled a lawsuit with the Texas Attorney General involving the company's marketing practices.

Mannatech will pay $4 million in restitution to customers and $2 million to the state to cover its investigation expenses. Sam Caster, the company's founder, former chairman, and largest shareholders, will also pay $1 million and be barred from serving as an employee, officer, or director of the company for five years.

In 2007, Texas' attorney general file...
By  Zac Bissonnette   (-9.11%  risk: moderate)  02/27/09 Comment


Mannatech receives Wells Notice from SEC Graphic_rating_sell MTEX
+28.23%
in 428 days

Filed under: Law, Scandals, Stocks to Sell

Mannatech (NASDAQ: MTEX) disclosed on Friday that it had received a Wells Notice from the SEC, indicating that the commission may pursue enforcement action.

In the press release, Mannatech said that the notice is "related to the timing and completeness of Mannatech's October 2007 disclosure regarding its dismissal of Grant Thornton LLP as its independent registered public accountants."

Back in October, when Mannatech fired Grant Thornton, I questioned the timing and rationale of the decision and now it seems the SEC isn't satisfied with the company's ...
By  Zac Bissonnette   (-9.11%  risk: moderate)  09/08/08 Comment


All’s Not Well at Mannatech

Dietary supplement maker and multi-level marketer Mannatech (MTEX) is feeling pretty sickly. Just days after slashing its dividend by 77%, the company disclosed that its CFO and Audit Committee Chairman have received a Wells Notice from the SEC. The Notice stems from a seemingly innocent auditor change in October 2007, which normally involves a routine 8-K filing. Not so at Mannatech.

<>Mannatech’s original 8-K claimed that the Company terminated former auditor Grant Thornton after Grant demanded that the Company either remove Sam Caster (the Chairman and Founder of Mannatech) fr...
By  footnoted   (+0.00%)  09/08/08 Comment


Mannatech settles shareholder lawsuits

Filed under: Law, Scandals

I've been following the saga of Mannatech, Inc. (NASDAQ: MTEX) for awhile, mainly because it's too good of a train wreck to pass up: a highly questionable business model, allegations of false and misleading claims about its nutritional products, and corporate governance issues that make Countrywide Financial Corporation (NYSE: CFC) look like Berkshire Hathaway (NYSE: BRK.A). It all started when Texas' attorney general sued the company alleging false and misleading marketing practices. Then chairman Sam Caster resigned from his post as CEO to <>devote more time to the...
By  Zac Bissonnette   (-9.11%  risk: moderate)  06/16/08 Comment



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