This is great news, huge and much much bigger than I was...

This is great news, huge and much much bigger than I was expecting - Just on the numbers alone from the Tusk Group, without factoring in any EBITDA numbers from GLO, you would think that the shareprice is quite capable of reaching 35c.

Working on the projected EBITDA numbers of $2.5mil and outstanding shares of 219.5mil gives an EPS of 0.01139, therfore a shareprice of :

1. 30c gives a P/E of around 26 - a pretty conservative P/E for a growth stock like GLO

2. 35c gives a P/E of around 31 - about right for a growth stock like GLO

3. 40c gives a P/E of around 35 - not beyond expectations

If you tac on another $300,000 EBITDA from GLO then this gives an EPS of 0.01275 and a shareprice of :

1. 33c gives a P/E of around 26 - a pretty conservative P/E for a growth stock like GLO

2. 39.5c gives a P/E of around 31 - about right for a growth stock like GLO

3. 45c gives a P/E of around 35 - not beyond expectations

With the current shareprice of 14.5c there is a lot more upside on the back of this news. I can't see the shareprice remaining at these levels for long once the news gets digested and broadcast around .

This a big big deal

Cheers,
Manassa