Element Global Inc (ELGL)

[ThaiLove]

With a little over half a month to go for our financials to be released (& they've been releasing them early consistently for the past year), we know they're audited & if combined with our suitors numbers, it's an exciting time to be investigated here!!!

Not only will the numbers be spectacular, audited & filed with the SEC for uplisting. We should also see full disclosure on who is taking us over. I suspect they're simply waiting on the new ticker to "release the hounds!".

If all goes according to plan, I suspect they'll be aiming for the BIG boards rather than a higher level in the OTC! Stay tuned

So, I ran a few numbers for fun. The outstanding shares of GBHD is currently sitting at 171,451,246, the offer in November 2013 valued the company at $327,040,998. Our suitor's auditors valued them at $3.75 billion Euros (or $4.1 billion USD), combined with the assets of GBHD brings them to a whopping $4.4 billion... Book value based on our current outstanding shares brings us to $25.66/share (OMFG!!!), give them a conservative P/E of 15 & that would bring our share value to $385/share... Obviously the company intends to raise a fair amount of capital with its secondary offerings, but reaching the BIG boards certainly shouldn't be all that difficult...

GBHD is currently authorized to have 900 million shares, even if they maxed out this number, that would bring our book value to $4.88/share, factoring in a P/E of 15, they'd be sitting comfortably at over $73/share. The current PPS may very well be the most undervalued share in the history of the stock market (just saying...). Place your bets!