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Wow, somebodies want to keep this under .20 bad!
Shorts I'm guessing. If we PPS hit.20 I'm hedging that we will see .28 very very soon after.
$CDOC at .19
$CDOC .17 right out of the gate! Like it!
Before the (imo bogus) lawsuit we were trading at .25-.28/pps.
Now that it has been resolved and flushed out, as well as the debt restructuring AND the recent Q showing that this is a 20million a year company I would think that we should be back to .25+ soon.
$CDOC new 52 week high of .16 at opening bell.
Yup. Would like to see it test .20 by EOD tomorrow.
$CDOC - Company Targeting PPS $1.05, $2.50, $2.90, $3.50
...During the term, the Secured Debenture is convertible into shares of our common stock, at the option of the Debenture holder, at a conversion price of $1.05. W e may also force the conversion of these Notes into our common stock after two years in the event that we obtain a listing on a national exchange and our stock price closes on 40 consecutive trading days at or above $2.50 between the second and third anniversaries of this agreement; $2.90 between the third and fourth anniversaries of this agreement; and $3.50 after the fourth anniversary of this agreement or where the daily volume weighted average price of our stock as quoted on the Over The Counter Bulletin Board or any other US National Exchange on which our securities are then listed has, for a t least 40 consecutive trading days closed at the agreed price. Balance includes principal, accrued interest and with respect to 2015, accrued terminal conversion balance. The terminal conversion premium in the amount of $3,558,136 has been converted into common stock as of January 31, 2016
$CDOC... LAKELAND, FL, June 15, 2016 - Coda Octopus Group, Inc.
(repost from 1Center on Coda Board)
(CODA) (OTC:CDOC.PK) announced its unaudited financial results for the fiscal second quarter ended April 30, 2016.
CODA reported total revenue of $5.746 million for the three months ended April 30, 2016 compared to $5.222 million for the three months ended April 30, 2015. The Company reported net income of $1.583 million for its fiscal second quarter 2016 compared to approximately $546,000 for the comparable quarter of 2015. Operating expenses for the fiscal second quarter were $1.791 million compared to $2.407 million for the comparable quarter of 2015.
For the six months ended April 30, 2016 CODA achieved revenues of $10.522 million, up from $9.583 million for the first half of fiscal year 2015, and net income of $1.872 million, up from approximately $815,000 for the first half of 2015. In the first half of the 2016 fiscal year, beginning November 1, 2015, revenues increased by 9.8% and net income increased by 129.7%, compared to the first half of fiscal year 2015. Total operating expenses for the first half of fiscal year 2016 compared to the first half of fiscal year 2015 were reduced by 15.4%, from $4.228 million to $3.578 million. The Company`s quarterly reports and Fiscal Year 2015 Annual Report are available at http://www.otcmarkets.com/stock/CDOC/filings.
Annmarie Gayle, CODA`s CEO commented: "These first half results show a continuation of the solid progress made by the Group over recent years, with strong achievements in profitability and in our balance sheet as a whole. Additionally, we are pleased that key indicators in our latest balance sheet include stockholders` equity that reached $8.9 million on April 30, 2016, compared to $4.3 million on October 31, 2015.
"We believe that the fundamentals are firmly in place for our operating business segments to continue to grow. Although our products business is still affected by the contraction in oil and gas expenditures, we maintain and improve our position in alternative markets for our industry-leading real-time 3D sub-sea sonar technology. We are also expanding our product sets to include new offerings to our markets. In addition, our engineering service business is looking forward to another strong year of continued growth from both existing and new defense programs that it supports."
About Coda Octopus Group, Inc.
Originally founded in 1994 as Coda Technologies, the Coda Octopus Group`s patented real-time 3D subsea sonar technology, Echoscope®, enables real-time 3D imaging and mapping in zero visibility conditions underwater, and is used globally in numerous applications including defense, marine construction, oil and gas subsea infrastructure installation and surveys, and port and harbor security. For further information, please visit http://www.codaoctopusgroup.com or contact Coda Octopus at info@codaoctopusgroup.com.
Safe Harbor Statement:
This press release contains certain forward-looking statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as Coda Octopus Group plans, expects, should, believes, anticipates or words of similar import. Stockholders, potential investors and other readers are cautioned that these forward-looking statements are predictions based only on current information and expectations that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by the forward-looking statements. Certain of those risks and uncertainties are discussed in registration statement on Form SB-2 and include, but are not limited to, market acceptance of Coda Octopus` planned products and their level of sales, access to the capital necessary to finance and grow the business, a highly competitive environment in the security field that includes numerous large and well established companies much larger than ours, and our ability successfully to deploy our technologies and products to meet the technical demands and market requirements of our customers. These forward-looking statements are only made as of the date of this press release and Coda Octopus Group does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Contact:
MDC Group
Investor Relations:
David Castaneda
Arsen Mugurdumov
414.351.9758
Media Relations:
Susan Roush
805.624.7624
http://finance.yahoo.com/news/coda-octopus-group-inc-reports-130202393.html
True that!!!! $CDOC Good luck to you. We've been here a long time waiting...
Already seeing peeps coming out of the woodwork a little bit on L2. Going to try to drive it down a bit before the news hits everyone. You gotta be 'a fool' not to jump in anywhere below .25 imo.
HUGE!! 1Center considering she has been very very conservative in their filings.
I'm getting the feeling they are going to make a run for increasing the share price by news and uplisting to help with... page 51
During the term, the Secured Debenture is convertible into shares of our common stock, at the option of the Debenture holder, at a conversion price of $1.05. W e may also force the conversion of these Notes into our common stock after two years in the event that we obtain a listing on a national exchange and our stock price closes on 40 consecutive trading days at or above $2.50 between the second and third anniversaries of this agreement; $2.90 between the third and fourth anniversaries of this agreement; and $3.50 after the fourth anniversary of this agreement or where the daily volume weighted average price of our stock a s quoted on the Over The Counter Bulletin Board or any other US National Exchange on which our securities are then listed has, for a t least 4 0 consecutive trading days closed at the agreed price. Balance includes principal, accrued interest and with respect to 2015, accrued terminal conversion balance. The terminal conversion premium in the amount of $3,558,136 has been converted into common stock as of January 31, 2016
Additionally, we are pleased that key indicators in our latest balance sheet include stockholders` equity that reached $8.9 million on April 30, 2016, compared to $4.3 million on October 31, 2015.
Worth repeating!!
$CDOC So we should be trading at... .22 / share!!??
Additionally, we are pleased that key indicators in our latest balance sheet include stockholders` equity that reached $8.9 million on April 30, 2016, compared to $4.3 million on October 31, 2015.
BOOYAA! $CDOC BOOM - take it to the bank.
For the six months ended April 30, 2016 CODA achieved revenues of $10.522 million, ...
...In the first half of the 2016 fiscal year, beginning November 1, 2015, revenues increased by 9.8% and net income increased by 129.7%, compared to the first half of fiscal year 2015. ...
Nice 50k volume so far today.
SEC reporting by October!
Check out this form 8k filed by M&T Bank (MTB) TODAY.
http://seekingalpha.com/filing/3123149
Somebody from StrikeForce should get in touch with Dr. Amoroso!!
M&T Bank Corporation Elects Dr. Edward Amoroso to Board of Directors
BUFFALO, N.Y.; June 14, 2016 —M&T Bank Corporation (NYSE: MTB) (“M&T”) announced the election of Edward Amoroso, Ph.D., of Byram Township, N.J., to its Board of Directors, effective June 15, 2016. Dr. Amoroso was also elected to the Board of Directors of M&T Bank, M&T’s principal banking subsidiary.
Dr. Amoroso joins M&T’s board with 31 years of cyber and information security experience, including 18 years as the senior-most security and compliance executive at AT&T. His areas of expertise include strategic security planning, enterprise IT protection, IP and network security, cloud and mobile security along with related compliance, audit and risk management experience.
He recently retired from AT&T, Inc.,based in Bedminster, N.J., where he served from 2005-2016 as Chief Security Officer. Overseeing an expert team, Dr. Amoroso managed all aspects of cyber and information security in support of AT&T’s mobility, Internet, cloud, applications, enterprise and managed services infrastructure. Additionally, he was responsible for policy, compliance, vulnerability and risk management across the company. He was Chief Information Security Officer at AT&T from 1997-2005. Prior to AT&T, he helped pioneer the information security field as a software engineer and manager at Bell Laboratories.
Dr. Amoroso is the author of six books and 50 technical publications on cyber security, and holds ten patents. He is an adjunct professor at the Stevens Institute of Technology and New York University. He completed the Columbia Senior Executive Program at Columbia Business School in New York, N.Y., earned his M.S. and Ph.D. from Stevens Institute of Technology in Hoboken, N.J. and his B.S. from Dickinson College in Carlisle, Pa.
“Dr. Amoroso’s career has been dedicated to managing the teams and technology that defend against cyber threats, and his vast experience and unparalleled record will further strengthen M&T’s commitment to information security and risk management,” said Robert G. Wilmers, M&T Chairman and CEO.
M&T is a financial holding company headquartered in Buffalo, New York. M&T’s principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. Trust-related services are provided by M&T’s Wilmington Trust-affiliated companies and by M&T Bank.
# #
Contacts:
Media Contact:
C. Michael Zabel
(716) 842-5385
This is key for us shareholders and would be traders. I continue to like the transparency of Ann Marie Gayle.
At April 30, 2016 the following persons were recorded as beneficially owning more than ten percent (10%)
of the issuer’s common stock:
Shareholder Number of Common Stock
CCM Holdings LLC, 59,593,829
376 Main Street
PO Box 74
Bedminster, NJ 07921
U.S.A.
The Company has been advised that Jack Galuchie has voting and dispositive power over the shares held by this entity.
The numbers in the above table do not include 9,142,857 shares of common stock issuable in the event of conversion of Debentures at $1.05 per share. It is unlikely that the Debentures will convert at $1.05 given the current trading price of the Company’s common stock. A reduction in the conversion price, which may be made as a result of a renegotiation of the Debentures, is likely to increase significantly the numbers of shares issuable upon conversion thereof.
Conversion of the portion representing the Terminal Conversion Premium into Common Stock:
The Company and the Senior Secured Debenture Holder have also agreed to convert a part of the Company’s indebtedness under the Loan Note Instrument into the Company’s Common Stock. In this connection, the Parties have agreed to convert the Terminal Conversion Premium outstanding at the date of the Agreement and being $3,558,136 into the Company’s Common Stock at a conversion price of $0.11. Our financial statements reflects this transaction. In fulfilment of this Agreement, the Company issued 32,346,682 shares of common stock on or around March 1, 2016.
Failure to comply with the terms of the Deed of Amendment constitutes an event of default that would result in, among other things, an acceleration of the Company’s obligations under the Senior Secured
Debentures.
The Company is current in its obligations including covenants under the terms of the Senior Secured Debentures.
The Company believes that the restructuring of the Senior Secured Debenture Agreement will have a positive impact on the Company’s financial condition. The reduction of the debt burden of the Group will pave the way for realistic refinancing of the outstanding balance of the Senior Secured Debentures and will also reduce the amounts that the Company expends on servicing interest obligations under the Senior
Secured Debentures.
Notwithstanding, while the Company will make best endeavors to seek refinancing for the remainder of the Senior Secured Debentures, it cannot guarantee that its efforts will be successful in whole or in part.
Covenant to return to SEC Reporting:
The Company has also covenanted to undertake the necessary steps to return to SEC reporting no later than 12 months from March 1, 2016
DEBT FREE IN 18 months??!!
Restructuring Agreement
In an agreement dated October 31, 2015 the Company and the Senior Secured Debenture Holder reached agreement on the restructuring of the Senior Secured Debentures.
The material terms of the agreement are set out immediately below:
Extension of Maturity Date from August 31, 2016 to November 1, 2017:
The parties have agreed to extend the maturity date of the Senior Secured Debentures to November 1, 2017 in exchange for the covenants and undertakings of the Company set out below.
Reduction of the Principal Amount of Loan Outstanding:
The Company has covenanted to repay $2,000,000 of the principal amount outstanding under the Senior Secured Debentures. This amount will be paid over 10 months, with the first payment due on March 31, 2016. Since this date we have reduced the principal amount outstanding by $400,000, although only $200,000 is reflected in the Current Period as the reminder was paid subsequent to the end of the second Quarter.
On a full year basis we expect SG&A expenditures to increase to reflect increased costs associated with becoming SEC Reporting. We expect to file appropriate forms for this with the SEC in the third or fourth quarter of our current fiscal year. We will also have increased costs associated with engaging new Investor Relations services.
Big things coming. Look for the 10q then announcements about lawsuits and sales. Was trading at .22 in the last 12 mths and now at a tenth of a penny. Stupid cheap. Has cash and no debt as well as 9mil. Coming in 2020.
Well somebody agrees and disagrees with the article! :)
Back up to .115 on 260k volume.
Spot on article in my very humble opinion.
7. Why 30k a month. Read the Q and other. Patent infringement would be the main reason imo.
Plus they are seeing about $30k month in revenue from sales.
That should jump when all the box stores are fully up and running and then the "International" arm should be a big boost not to mention going after international companies.
Bids 5-1 now
I called it...
Hi all, new to this board.
Wondering about thoughts on $CDOC. Great products, solid company for a pinky.
Has been virtually dormant for a *long* then boom 1.5mil volume today that didn't really show up on Level II and only moved the PPS 10%.
Thoughts, sorry if this is not appropriate for this forum?
Exactly! And was that 750,000 sell/buy or all buys?
TDA is showing 1.5million traded already today?? That's $165,000. What gives? I like it but my Level II never showed it. Was it after hours?
What's "your" target?
WE ARE HERE TO STAY TIL WE HIT OUR TARGET.
10Q out if anyone besides me cares. 9% increase over same period last year. :) Haven't delved into it too far yet.
http://www.otcmarkets.com/financialReportViewer?symbol=CDOC&id=151623
I can't speak for the other longs but I've been in jsnh for over 4yrs and I for one won't sell before .02
Thanks. But, do you know how many SHAREHOLDERS are there out of those?
Anyone know the number of shareholders for $JNSH?
I know I'm 1 of ???