Waitedg, one thing about MEM, they are in the IPO, stock-offerings, and debt business, so I guess one should be careful about reading too much into insider purchases. Being in the biz, these guys know exactly how potential investors look at insider buying. That said, I still think it's worth watching for a long term buy and hold.
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.