Mannatech, Incorporated (NASDAQ:MTEX) announced receipt of notice from Nasdaq that because the closing per share bid price for the company’s common stock had for 30 consecutive trading days been under $1.00, the company’s listing was out of compliance with Nasdaq Marketplace Rule 5450. In accordance with Nasdaq Marketplace Rule 5810 the company has 180 calendar days, or until February 7, 2012, to regain compliance. This notification has no effect on the listing of the company’s common stock at this time, which will continue to trade on the Nasdaq Global Select Market.
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