Member Info for Ridingwaves

Billy, I did the same but that was about a week back. Did not get the 2.30 but not to far away. Mano you are right it is a good term investment and there is money in waste.... I will probably be back, but certainly keeping an eye out....i think you will get the 2.70. GLA

Volumn holding up aswell....

Every chance you will....:)

Me too.....

New high....how about 2.23....

Well, Mano 'The trends your friend'......particularly if is backed up by an increase in volumn. The volumn of trades, back up the increase in price which is always great to see. We will all be happy to see you get your double :) GL

Well, Billy the last few days have been sweet as you say. Interesting business, forecasted to increase growth rate going forward and a % commitment of profits in dividends. Promises a good tuck away. GL

Hi Spin, An administration is the obvious conclusion to this, i would have been very surprised if the company had not called them in.... Their function is to try and keep the business running as a going concern while offering some protection.. I am not invested but wish you well.....and all the other holders and employees whose livelyhood is dependent on the outcome...... GL

Hi Soul, As you rightly point out this is a verifiable contract worth 10million Euros in the UK, there is also a number of others quite large contracts which are with recognised institutions, eg the NSW health contract and various Educational districts in the US..... GL

Hi An extract from ecan on Adfvn from a user of the product: "Thanks eacn, this is a well-written response. I work for Oracle UK and I can tell you for a fact that all employees use Globo's GO!Enterprise MDM to get emails/contacts synced with our mobile phones. I have version 3.9.1.3 installed on my iPhone. As you correctly pointed out, we all download this from our company's app store. Never had an issue with it. As far as I'm concerned it works well (the only painful thing is that I have to put a long password every time I unlock my phone, but this is expected in secure enterprise applications). Provided Globo refutes all accounting allegations (I don't care about their re-sellers), I am thinking of initiating a long position, since I'm 100% sure that their product has good prospects in a massively growing market." I second that opinion, if GBO can be clear and transparent on the points raised in the report.....If they do that then this will be a far stronger business going forward then it has in the past....... GL

Hi IMO there is no case for GBO to take legal action as there are issues raised in the report that need to be clarified and awnsered by the company......Shareholders are intitled to an explaination and clarification of some of the connections and assumptions raised... It is not easy to post this having followed this business and been invested in the past and even quite recently in a small way.....but the management have a duty to those who are stakeholders now clarify to the exact state of affairs.....The report has raised some valid concerns. As I stated before I feel for the shareholders here and some I have known for number of years and my thoughts are with you and hope that the company and directors can completely awnser the premis of the report fully.... GL

I forgot to add that Costis has been a director of that business for more than 7 years......

Hi first I feel for those holding here..... I must point out that the report does have quite a number of assumptions based on inaccurate facts IMO.... One being the cash balances and the banks they are held in, these were the last reported amounts held and the quality of the banks institutions that the balances are held which are based in the US, UK and Switzerland: A rated banks amounts held 103.4million and 863thousand in B rated.....total cash held 104.358m The report takes up a number of pages stating that the balances are held sub B rated institutions in Greece this is inaccurate I believe and out of date as that was reported in 2014 making some of the conclusions it makes simply wrong. The other is about some of the companies which it states have connections to director of Globo....Partly true Costis has been Chairman of the Hellenic association of mobile applications companies which fosters young Greek businesses and talent.....He has been Owner/ Director of Hellenic capital Plc which is a vehical for the above..And quoted on the PLUS market seperate from Globo.... It is very likely that some of those businesses and contacts have been used in the early stages to sub contract work out....It is a big jump from there to some of the conclusions in the report..... The report also states the GT business is real and does have turnover that is the business that Globo has sold 50% and is receiving payments which have clearly been stated in every year end report.... Many of the distributors are clearly large businesses that have distibution networks across the US, Europe and Asia and at least two i have personally bought items from...... There is plenty more to come and in this world I am certainly not infallible and certainly this will be a learning curve to me if it is proved that this business does not have a substantial amount of the yearly revenues and cash it states.... The report will require the management to make the business certainly more transparent, but it does contain a number of inaccuracies the cash being one....If the cash balances are shown to be accurate then the revenues must also be far higher than the report tries to imply...... GL to the holders.....my best wishes are with you....

Hi cautious, An excellent post.....ties in exactely with my own reading of the cash holding and growth stategy that the management have planned..... Having a strong liquidity position outside of the day to day requirements is fundementally the only certain way to follow through on that stategy...... GL

Hi The interesting side to all of this is if you just take trade recievables and closely identify the periods identified trade, or items excluding project work....then take the closing trade recievables year end and at the current period then the cash is coming through ok......and if the Fd reply that most of the period end 90 days figure has also now been collected then his business is generating cashflow more than sufficient to cover the costs and feed through to realisation of at least some of the profit....... That excludes the other current recievables which is for which GBO has expensed but will have a proportional benefit over the current accounting period in other words some of the MBS project work etc The situation regarding cashflow has definitely improved, although it could be better obviously, the main thing here is that IMO that from my rough calculations to support the current business and growth but not quite enough to fund acquisitive acquisitions which is the reason for the loans and the holding of a cash. The bolt on's which have revenue as well as additional product enhancments will only contribute to improving the cash generation of the business particularly if effiencies can be made using their existing capacity which has been built up.. I think PS has his opinions and some of his followers appear to have a narrow fixed herd instinct...instead of an open individual enquiring one.......reaching conclusions before asking questions but think they are doing the opposite.. Certainly the acquisitions will continue the strategy which looks a sound one IMO Hope all this makes sense..... GLA

Thanks....An update and news always helps Facinating observing this business evolve over time....repetition can sometimes make anyone feel stale.... How times have changed but still remain the same.....time,repetition and factals..... Shorting can only be manipulation of the market, because if you can buy and sell without ownership of an asset or the full value of it, then you are chanding the natural dynamics and therefore the value of the asset.....since large shorters pay a fraction of the value to trade they can compound the effect.....Derivatives.......that has to be manipulation in any market.....irrespective of the type of asset......and the reason for many recessions in recent times.... I agree, its life here, so you have to factor it in....... Gl

Without a doubt it is a risky proposition taking on such a large obligation....It has to be financed by the business and the business would have to expand to do this through acquiring productive assets that generate a greater ROI.... Part of that plan is being put in place with the current purchase of another business....Costis must have others lined up. The plan is quite clear IMO a rapid expansion through aquiring businesses that offer an opportunity to syergise into the current expanded logistic network that Globo have built up.... That strategy makes sense, but comes with some risk, but get it right and then the transformation in the business to a size that would allow it to defend and attack a broader range of this market..... Shorters do have an impact on the volitity of the share price and quite plainly manipulate what would be a normal market for Globo shares......imo Gl

:) continued growth in all segments.....tight cashflow the result of financing expansion and greater sales. Positive future outlook, plans for future strategic strengthening of logistics, product and market position.... Year end sales targeting 150m.....the US market making up possibly up 35m+ and the GO! Products are far larger proportion of the total...... Risks and rewards.....if you sell into an fast expanding market segment then your chances of success are greatly increased, if you have the right product and logistics and expertise are strong then you can attack and strengthen your strategic ability to survive and prosper, by enhancing the ability to change and evolve as the market changes.... Gla

Or remove the speech marks. 'http://www.gosur.com/map/?t=roadmap&z=17&ll=51.502796,-0.191358&markers=51.502726,-0.191588&streetview=1&pov=243.95291481682082|2.329700272479565|1&lang=en'

Hi...lol I see that the team at Ennismore are hard at work above Sweety Betty's. Obviously they are the kind of researchers that you can trust to give the highest level of research and investment advice.....Just post your cash through the letter box at Sweety Betty's and she will pass it on.......lol http://www.gosur.com/map/?t=roadmap&z=17&ll=51.502796,-0.191358&markers=51.502726,-0.191588&streetview=1&pov=243.95291481682082|2.329700272479565|1&lang=en Impressive office, curtains could do with a clean though....... GL