09 September 2008

Wells Notice for Mannatech

Mannatech (MTEX) received a Wells Notice. A Wells Notice comes from the SEC and indicates that the SEC may bring civil action against a company. For Mannatech, there are questions about its change of auditor, whether the change was reported in a timely fashion, and whether there was more to the story than Mannatech told.

The name of the game is to figure out, ahead of time, which companies will get Wells notices and other bad signs.

Brad Evans