Market cap 15 million.

Debt 9.4 mil after converting.

Revenues up 50% in latest trading update, pre tax profits "substantially higher"
than last year of EUR0.91m, yet they expect an even stronger second half as
traditionally Gbo does better in the second half.

"Operating cash flows for the period were healthy despite the delays in
settlement of public sector invoices, as previously announced. Since 30 June
2010, the Group has reduced public sector receivables by EUR430,000 and management
expects that the remaining EUR3.14 million will be collected prior to the end of
the year. Net debt at 30 June 2010 was EUR11.4 million (EUR9.9million as at 31
December 2009). "

http://www.citrongo.com/
http://www.citrongo.com/index.asp?p=about

Why dont you go back and stay with your fellow rampers on advfn.

The price has rallied strongly now all the results traders have closed
and moved on.

I see you and mitzy are not posting a lot on Pele after your 200p and 350p
soon posts !

Loads of buys and the overhang is starting to clear.

Could retest recent high of 14p bid soon if this continues.

personally see this as a good value share fwiw - recent contract wins and international expansion reduce the overall risk, and largely they are delivering

the main negative remains the greek debt payment but whilst slow to pull in should ultimately be realised.

GLOBO plc
("Globo" or "the Group")

Company Statement

Globo plc issues the following statement:

On Friday 23 October 2015 the Board of Directors of the Group became aware of a report published by Quintessential Capital Management ("QCM").

Following the announcement by the Company on the morning of Friday 23 October 2015, an emergency Board meeting was convened as soon as practicable for Saturday 24 October 2015 to discuss the allegations in the report and to ascertain the actions that would be required to resolve the matter. It was intended that an appropriate independent forensic accounting team be appointed to investigate the claims.

However, at the Board meeting, Costis Papadimitrakopoulos the CEO of the Group brought to the attention of the Board certain matters regarding the falsification of data and the misrepresentation of the Company's financial situation, and offered his resignation, as did Dimitris Gryparis the CFO of the Group.

Following the meeting and receipt of legal advice, a committee of the board was set up, comprising the non-executive Directors only (the "Committee"). The Committee has accepted the resignations of Costis Papadimitrakopoulos and Dimitris Gryparis from the Company with immediate effect. Gerasimos (Makis) Bonanos (the COO) has been suspended from his duties with the Company also with immediate effect, pending the outcome of appropriate investigations. All of the executive directors have agreed to make themselves available and fully co-operate with any investigations.

The Committee has initiated discussions with appropriate advisers in relation to the next steps and to ascertain the true financial position of the Company. In addition, the Committee has asked the Company's lawyers to notify the matter to the appropriate authorities and the Committee has informed the Company's principal bankers.

Further announcements will be made in due course. In the meantime the Company's shares will remain suspended from trading as per the dealing notice on Friday 23 October 2015.