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Biotech / Medical : Biotech Valuation

CRSP 55.11

-2.6%

Nov 7 9:30 AM EST

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To: JMarcus who wrote (21682)	10/23/2006 1:49:08 PM
From: Arthur Radley	Read Replies (1) of 52153

J, Sorry to hear about your nephew! As for Mannatech, regrettably, this is a Texas company that is in the multilevel marketing business. Financially, they are doing very well...but then many of these type companies start out "doing" well for their owners. IMO this is the case with MTEK....heck even Forbes has ranked them highly, but this doesn't mean anything about their product. There are many unsavory undertakings by this company(IMO). The two most blatant are claims that one of their doctors won the Nobel "PEACE" prize...guess they didn't understand that there are various categories for this honor and they just stuck with the Peace prize. The other that comes to mind is a lawsuit by a Mom that sued because the multilevel marketers were using a picture of her son to promote the benefits of Ambrotose....only problem was that the son had died years before. I think it would be interesting if you checked to see if this person isn't a salesperson for MTEX

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