MEMS.KL - BUY/SELL?

MEMS TECHNOLOGY BHD MEMS 0052
52W-HI 0.180

52W-LO 0.050

MEMS's share is trading at 52-week low. The net working capital of MEMS is RM0.16/share, current P/E ratio is 5.


Insiders trade information :
MEMS TECHNOLOGY - DIRECTOR SHARE DISPOSAL MEMS TECHNOLOGY reported that OOI BOON LEONG, Director had on ep 25, 2009 disposed 2.48m shares in the Company at 8 sen per share.
MEMS TECHNOLOGY - DIRECTOR SHARE DISPOSAL MEMS TECHNOLOGY reported that OOI BOON LEONG, Director had on Sep 7, 2009 disposed 10.0m shares in the Company at 12.0 sen per share.


Latest Updates :
MEMS TECH UNABLE TO PROVIDE SOLVENCY DECLARATION- 08 October 2009
MEMS TECHNOLOGY FAILS TO MEET RM242K INTEREST PAYMENT- 02 October 2009


Cheap enough to buy now?BAD?
If you read the financial statement carefully, you will feel shock. MEMS is lack of cash. Currently, the cash from this company is borrowed from Overdraft.
NO CASH? How to run the business? Keep borrow?

Good?
The business is still growing and revenue income is increasing.


I would advice you guys reading carefully before buy this risky stock. If the price drop further until 0.03, you can start accumulate this stock @0.03-0.01.

Risk: Very High
Possible Return - 500%