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Technology Stocks : MTEC-Mannatech Inc.

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To: George Gotch who wrote ()2/18/1999 4:50:00 PM
From: Russ Motter  Read Replies (1) of 4
 
George~Mannatech ticker is MTEX not MTEC. IPO 3.05 million shares @ 8 providing $24.4 Million for the company. Closed at 21 -10 3/4. Appears company mismanaged the IPO by announcing possible future offerings today and the stock tanked. It is the culture of these companies that enthusiastic distributors buy up the stock before it then collapses.~russ
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