MEMS' accounting irregularities! Who is next

This week we see 3 counter down like shit, oilcorp,mems and commitel, I believe coming will be more coming.Now SC really take serious on those irregularities. I believe some goreng stock or goreng profit counter will be next victim. For the time being 2nd and 3rd liner, mesdaq or 2nd board counter, I would not seen any positive on their performance. So beware friends.

for MEMS. This is some of my comment. Legg Mason has taken a 5.4%-stake in MEMS in March. This reputable fund manager has invested in MEMS because its products were on the verge of gaining global acceptance. Back then, MEMS was reported to have secured 2 contracts for supply of silicon microphones & sensors, which would boost its turnover by the RM140 million a year. Is MEMS encountering any problems in relation to the performance of these contracts?

The issued here is related to revenue and property, I believe certain revenue recognised by putting the assets value, but why the need to do so? To inject profit or to cover the loss? All this in question!!!

Valuation 20 cent is cheap? even taken into accounts on this irregulaties, the company still can maintain the profit as 2006 result. why market dumping so fast. I believe the issued may be more deep that we know now.... more new will coming. another dumping may happen next week. said to 15 or 13 cent. When the picture is more clear. then should be some call, some analyst still maintin hold position for this counter. I believe this may not worst case. But lost reputation, will loss confidence in invester eye too. Reputation may not recover within 1 or 2 year.