Maybe Gleneagle are selling and maybe they are not. Do you have...

Maybe Gleneagle are selling and maybe they are not. Do you have any evidence to back that up or is it just speculation? I'd be interested to know but it won't change my view on this company, it would only affect my view on Gleneagle.
As for Gleneagle "pumping"  it, Gleneagle are MGM's broker. It's part of their job to write reports and spread the story to investors. If they were not doing so then they wouldn't be doing their job. Of course they should be "pumping it"
If they are selling shares as you say, yes it would be immoral while calling it a buy. However, whether they are selling or buying makes no difference to the current growth in the company and it makes no difference to the growth we will get from a European rollout.
Their target or recommendation is not going to affect my view. I have my own target and it's based on a lot of research. I am happy to see them do their job by spreading the story. This is shaping up to be the most important year in this company’s history and I expect the sp will reflect that in the months to come.
"Wake up people"
Your best comment to date! People need to wake up and see the potential offered by the European rollout with launch set for April following strong growth here and in NZ.
"Sales and expansions are not profits"
For many tech companies, that is very true, sometimes for as much as 5-10 years (Google Facebook, Yahoo etc), but it rarely stops their sp from rising often for many years before they just break even. This is one of few tech companies where sales and growth are leading to positive cash flow and I have no doubt that next financial year (beginning June this year) when we have our first full year of strong sales through retail outlets, we will see strong profits. 
At 30^th of June we had $2.65mill cash and no debt. In November we drew $0.5mill from our facility. Then we ordered and paid for 23,000 watches but only sold about half of those with only 2 months of sales through JB and 6weeks of sales in NZ. Despite only selling about half of the stock purchased, only a short period of just 6-8 weeks with JB and Spark, we still finished December with a strong $2.5mill cash balance and a strong remaining inventory of watches.Those remaining watches are likely worth a further $1mill but will sell for much more than that. I'd also be surprised if JB has paid for all the watches they ordered. They are slow payers. That looks to me to be already a cash flow positive business despite only 6-8 weeks of sales with JB and Spark. This current 6month period we will have a full 6 months with JB and Spark. I expect we will see a strong profit as well as cash flow. Add to that sales to the UK in April and we should be even more profitable.

I agree with you about this – wake up people! This company is in for its strongest year of growth ever.