15 per cent increase ...., page-68

That's a suspiciously round number. My valuation model is mostly based on a multiplier of forward revenue with a sprinkling of other factors. It says between 8 and 9 cents. Quite frankly, the error bars are enormous. You shouldn't believe either valuation. Other models tell me anything from 0 to 32 cents in 12 months. Ultimately you need to make a subjective evaluation of the product, the market and especially the management team. Mr Glennan may not executing perfectly yet, but he is smart and he is a fighter. My money stays in for now.