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I was suggetsing previously;that ,w/ company support , this stock returns to .03 after only a few mil shares....seen it many times before(wait for volume alert)it takes a while.Best prospects ahead.
They don't claim, they do have products for sale.
http://www.tailsfromtheoutdoorsshow.com/index.php?option=com_rokecwid&view=ecwid&Itemid=62#ecwid:category=2708905&mode=category&offset=0&sort=normal
or here:
http://www.ospreybiotechnics.com/mun_series5.html
A Pink Sheet with less than 100 mil shares out, going for .002 and actual products for sale through distributors; it certainly doesn't look like a scam to me. With that share structure and real products for sale, they could easily pump this up to 3 or 4 cents....maybe more. But it looks like they're just interested in running the company. (Though I"m sure nobody currently in the stock would mind if they did a pump) They're just not real successful right now, and perhaps, they never will be.
Maybe they'll land a big contract, or maybe they'll do a pump, who knows, but either way the potential is there to move up big under the right the conditions. But it's anybody's guess if either of those two conditions will ever happen.
Two reasons CDOC is not much higher.
1) They don’t pump their stock. Look at all the scams companies that pay for one or two week promos and their stock price sky rockets. Most people know they are scams but they enter the stock because they know others are going to enter, hence the price increase. They make their quick profit, then get out.
2) They are on the Pinks. A lot of investors won’t touch a pink sheet stock, and for those that do, 10 cents is a lot of money to spend on a stock for most pink players who are used to paying sub-penny prices. That’s why it’s important to know that CDOC will be filing audited financials by this fall (according to their quarterlies); when that happens, there’s going to be a lot of new investors (with money) in this stock, so the price could go up dramatically.
As pink sheets go, this is probably one of the best stocks out there. They're not likely to go back to sub-penny again; they’re making money, and they plan on going back on the OTCBB. As many have said, be patient, it will happen.
I know many out there like to sell now to have their money work for them elsewhere, then try to get back in before another run. The problem is that it could pop before they get back on the OTCBB. Now that they’re profitable, they stated that they will spend more on marketing their product. You never know when they might land a big contract before this fall.
A great quarterly, and they imply that it's going to get better. Regardless of what happens next week, the price could go up significantly (if it hasn't already by then) when they get back on the BB again this fall. Per their latest report:
".......as we become fully audited again, probably at the end of this Fiscal Year."
I believe their fiscal year end is October.
I've contacted the CEO a few times over the last several months and I can tell you a lot is going on in the background. There should be more news coming over the coming weeks/months.
Filing "audited" financials and filling certain forms. I also believe the Market Makers need to file forms to trade the stock; a process the Market Makers go through all the time.
Here is more info:
OTCBB
Surprised PPS is not higher than what it is...
The only reason this stock is trading at .07 is because it's still on the Pinks.
Pink sheet investors are very impatient, and always think they can time the markets. I'm sure some of you are trying to get your money to work for you somewhere else in hopes of getting in here before the quarterly comes out.
The other reason is because most of the investors with any real money will only invest in a reporting company (OTCBB).
I know many investors don't read annual or quarterly reports so let me show you two significant paragraphs from the last quarterly report they filed.
“We would expect that we will increase our spending in both the categories of Legal and Professional Fees significantly at the end of the year when we resume with having our consolidated financial statements audited and also in the category of Marketing to reflect the costs of launching a new product anticipated in this fiscal year.
The management anticipates going forward that we will start to prudently reinvest in some of these areas, such as sales and marketing, as we have above, which will probably involve selectively increasing other areas of expenditure, such as travel costs. We would also anticipate our legal and professional fees increasing as we become fully audited again, probably at the end of this Fiscal Year. These figures are therefore likely to increase in the fiscal years 2012 and 2013.”
I believe their fiscal year ends in October.
Remember; they made over a million in net profit last year, and are on their way to beating that this year. This from a company that has only 74.4 mil shares outstanding and less than half that in the float.
When they are reporting again later this year, do you really think they'll be at .07..........no way.
The email I received from the CEO referred to that 45 day window, so I think they are adhering to that schedule. I do believe that 45 days is a worse case scenario. When they put out the last quarterly, they were still in the "catch up" mode. They are now caught up. so I'm hoping it will come out sooner rather than later; which, of course, means it could come out at any time.
It does say that contract is completed, so I'm assuming it will be reported for this quarter. If so, CDOC could see another record breaking net profit for the upcoming quarter.
"awarded and completed a contract for circa $3m"
I think their end of quarter is today, so I wonder what their revenue for this quarter will be like......it's looking really good.
Their second quarter ends at the end of of this month; or about a week from now.
CSOC Looks like a bottom has been found. Some volume is needed now.
abc2438, I posted this a week ago, but I think it applies here. When I emailed Paul about a time frame, this was the reply.
"There will be changes but no reverse contemplated at this time. I restructured the company when Lee was in the mix specifically to set the company up for raising capital under the best terms. When I say six months, that means there will be acquisitions within the company making revenue by then..not a wait to see any changes. These will happen very rapidly over the next 60 days."
Perhaps we'll hear something soon.
They've been in business since 2004 and have only 74 mil shares out, and only 34 mil in the float; they are not in the business of selling/diluting shares.
They restructured the last two years, and closing unnecessary and overly expensive office space was one of the ways they become a profitable company. They've really lowered their overhead. It's all explained in their latest financials.
I believe Annmarie Gayle and Greenhouse Investments have one goal in mind, and that's to increase shareholder value (it's in their best interest to do so) and the way they plan on doing this is to create a successful and profitable company. It looks like they are fulling that goal.
Rentals is brand new to them. As far as I know, all of their income has come from sales, not rentals. This is a new facet to their company and a new revenue stream. I think that's one of many reasons why they're expecting to do well this year.
As time moves on without news, I keep expecting the share price to slowly move down; but instead, it appears like it want's to move up. This now feels like a sling shot being ever so slowly pulled back; when news is released, it appears this is really going to move. The question is when will news come out? The CEO told me we would see changes very quickly over the next 60 days. So, does that mean we'll see the first PR in 2 days, 2 weeks, or in 2 months?
I don't have a rapport with him like few others here appear to have. Has anybody here gotten any indications when the first bit of news will come out?
This is an OTCBB/NASDAQ company, temporally disguised as a Pink Sheet company.
Most Pinkies have a web site, one officer, no employees, and no sales.
Look at Coda's website products page; these are products being used in the market right now. They have 6 pages of videos showing their product in use. Their contacts page shows 4 sales contacts that represent every continent. They have/had 75 employees, and they are hiring more. Greenhouse Investments owns 35% of the outstanding shares. They had $15 mil in revenues and $1.1 mil in net profits last year.
The current CEO in charge of the incredibly successful turnaround in this company, Annmarie Gayle, is an international corporate lawyer. Do you know who else she works for? She is the General Counsel/Transaction Manager at Greenhouse Investments.
Here is just a sampling of what she has done, and you should read all of it carefully:
Ms Gayle has a strong background in restructuring and has spent more than 12 years in a number of countries where she has been the lead
adviser to a number of transitional administrations on privatizing banks and reforming state owned
assets in the CEE countries including banking, infrastructure and telecommunications assets. Ms Gayle
has also managed a number of large European Union funded projects.
Ms Gayle brings to the Company a wealth of experience of corporate governance, large scale project
management, restructuring, strategy, structuring and managing corporate transactions ranging from
main market IPOs to disposals and acquisitions.
Ms Gayle holds a 2.1 Law degree gained at the University of London and a 2.1 Masters of Law degree
from Cambridge University. She is a qualified solicitor to practice law in England & Wales.
Do you know what Greenhouse does?
Greenhouse is a boutique structured and corporate finance house with international reach providing mid-sized exchange listed and unlisted corporations bespoke access to debt capital markets and cross-border corporate finance/mergers and acquisitions services.
http://www.greenhouse-capital.com/en/our-company/about-greenhouse-investments-limited
This is something you should read about Coda's loan.
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. We 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 OTCBB or any other US National Exchange on which our securities
are then listed has, for at least 40 consecutive trading days closed at the agreed price.
Our UK subsidiary, Coda Octopus Products Limited has a seven (7) year unsecured
Loan Note for GBP 100,000 (equivalent of $160,000 using prevailing exchange rates).
This Loan Note attracts interest of 12% annually. The Company has the option to pay
this at any time but no later than its maturity date or to force its conversion into shares
of our common stock in the event that the share price reaches $3.00.
After all of this, don't you think Greenhouse would like to see the share price in the of $1.05 to $3.50 range?
It looks to me like they're on their way to getting there. I if you read past PR's, Qs, and 10Ks, they were always conservative and had a doom and gloom attitude about them. The lastest stuff implies that business is really picking up and the future is looking bright. The fact they're going to start filing audited financials says a lot about what they think the future holds.
Look at the stock chart: when investors were looking at this stock in the $.018 range they were thinking "Nah, it's too expensive"; when it was in the $.05 range, (where I bought) they were thinking "Nah, it's too expensive"; now the ask is $.10 and I know people are thinking "Nah, it's too expensive".
Think again.
BTW, CDOC's products are now on the Seatronics website for rental:
http://www.seatronics-group.com/product-search/all-26/coda
BTW, I believe another Q is due out in another month. They had a record year last year, and they are on track to smash that record this year.
Remember, They're getting off the Pinks sometime this fall. They haven't been on the Pinks for very long, but with this incredible turnaround they're ready to start filing audited financials again.
CDOC - I don't know if this will fit your chart criteria, but CDOC had a nice run yesterday and it has nothing to do with hype. It's a Pinky that made $1.1 million net profit last year, and as of yesterday they had another huge profitable quarter, and on their way to another record year. What many missed in the quarterly is that they plan on getting back on the OTC (or higher?) again by this fall. This company relies on it's success, not hype, so it will not crash like most of the Pink Sheets do. The last trade yesterday was the high for the day.
Outstanding 74mil
Float 34 mil
I had the same concerns as you LOOKING4WINNERS, so I emailed Paul, and just received this reply:
"There will be changes but no reverse contemplated at this time. I restructured the company when Lee was in the mix specifically to set the company up for raising capital under the best terms. When I say six months, that means there will be acquisitions within the company making revenue by then..not a wait to see any changes. These will happen very rapidly over the next 60 days."
This could get interesting.
I was waiting for someone to post this, and though they did, I'm not sure it registered with a lot of people.
"We would also anticipate our legal and professional
fees increasing as we become fully audited again, probably at the end of this Fiscal Year."
And this:
"We would expect that we will increase our spending in both the categories of Legal and Professional Fees
significantly at the end of the year when we resume with having our consolidated financial statements audited and
also in the category of Marketing to reflect the costs of launching a new product anticipated in this fiscal year."
They're getting off the Pinks folks!
In my emails with the CEO, she made it abundantly clear, that as a small company, they need to get their finances in order first before spending the money on audited financials. This, from a company already making money! So if they are anticipating getting back on the OTC AND spending on Marketing; they wouldn't think about it unless they were expecting plenty of funds.
Watch for lots of positive PRs and financials in the coming months.
Hard to believe anybody would think of selling here.
Oh, and BTW; their fiscal year ends in October. So this could be happening sooner than you think.
CDOC is the best Pinky company bar none! They had a net profit of 1.1 million last year, and another profitable quarter. They will easily smash last years recording breaking profits. 74 million outstanding, only 34 million float.
This is one of those rare....very rare, Pink Sheet stocks that you can put your money in and just let it set for a while and watch it grow over time. A real "investment". Any other Pink Sheet would be heading back down after a short period of time.
CDOC is a great turnaround story. They had a net profit of $1.1 million last year, and the Q that came out after hours yesterday showed one of their best profitable quarters ever. I don't see them on the Pinks this time next year.
CDOC -- Best turnaround company I've seen in a long time. They made a net profit of 1.1 million last year and the Q they released in AH today shows they're doing even better this year; and this is before the Seatronics deal they just singed....that won't start until April!
Question is; how much longer will they stay on the Pinks?
Still trying to collect shares when possible. Under 100 mil shares, no dilution, new ticker coming and we know more news will be coming. It's like watching grass grow now, but it can and will pop when the time is right.
Remember, they are catching up. Isn't another Q due out in about a month or so?
It was via email, and my only question was about when the Q would be out. She was very prompt in answering. I have conversed with her before, and she is always careful not give out any insider information, so I knew better than to ask any more than that.
I was informed by the CEO that the Q will be out this week.
At the risk of getting pounded by both sides......
For those who keep pounding on this stock and their distrust for the CEO. Most of these Pink Sheets stocks are scams or have very little chance of being a success anyway, and most everybody knows this going in. You make money, you move on; you lose money, you move on. But some people just can't let go. They're pissed and they want everybody to know about it. I've been there, more than once. Just let it go, channel your energy on making money somewhere else, or even on the same stock (I've done that before). You'll have a lot less stress in your life that way.
Having said that, most of the anti-XMDCers make some good points. Some of you seem so confident that good things are coming soon; in fact, some of you were confident that news would be out last week, but that never happened. The only thing we know for sure is that the Q was dropped, but we have no idea under what conditions (if any). What was written on that one-page web site was before the dropped Q, so it's difficult to ascertain if those conditions still apply.
So I ask you: what makes you so confident in what lies ahead? Did you talk to the CEO? Did he say news about new changes are coming? Did he say that news would be out last week, as some were so sure would happen?
My take: I think this stock is on razor's edge and can go to extremes either way. Two weeks from now this could be in the dumper if things aren't what some are hoping for. On the other hand, if news is about a new business venture this thing could really scream. I'm amazed at how well the stock held up last week. I thought for sure people would dump Friday without news, but that never happened. That tells me most are holding, and others are waiting to pick up shares when someone does sell, so it appears there are lots of investors expecting good news soon.
Hopefully, the future of this company will be known next week.
CDOC -- I can't believe more people aren't interested in this one. This has got to be the best Pink Sheet company out there. This was once on a higher exchange but ran into hard times and was relegated to the Pinks. They made huge strides the past two years and had revenues of $15.7 mil and a net profit of $1.1 million last year; their first profitable year! There are also investment firms holding millions of shares. With 74 mil shares out and 34 mil in the float, it's hard to believe this is only going for .05/share right now.
The Q is coming out next week, so we'll see what this does to the volume and price.
CDOC made about 1.5 cents a share last year. 10X earnings would put it at about .15/share. 20X earnings would put it at about .30/share. Some of these little growth companies are at 100X earnings so I think I'm being pretty conservative.
They have 5 patents, Greenhouse Investments Limited owns 23,576,986 shares; Vision Opportunity Master Fund Limited owns 3,806,900. They have $1.4 million sitting in the bank and $2 million in assets. They do have a loan to pay, but it looks like they're on the road to getting that payed off as long as business keeps up; and it looks like it is.
Is there another Pink Sheet company set up like this one? If there is, please tell me because I want to be in it.
To put this in perspective; how many Pinkies out there actually make any money....ever. How many Pinkies never dilute their stock? Heck how many pinkies out there are just scams? There are Pink Sheet companies out there losing tons of money, with 10 times the shares and 10 times the float, yet they are trading in the same price range as this one. If you were to look at it from that perspective, this should be trading 10 times what it is now. I suppose the reason this stock isn't higher right now is because it's a real company that relies on it's financial results instead of promotions. Or maybe because the field they're in just isn't as exciting as some other fields....I don't know. All I know is that when you compare this company to all the other pinkies out there, there is no way it should be trading this low.
Even if CDOC doesn't show a profit in this next quarterly, they are still undervalued because they have shown they can make money, and the PRs lately have shown they have a lot of future potential.
Been doing the same, and will buy at the ask if the volume starts to pick up. It can really move up quick when the volume starts up.
CDOC -- I agree nupapa. One of the few "real" companies in pennyland out there and it's actually making a profit! This thing could really scream if they show another profit in the Q tomorrow, and the investment world finally notices this company.
Buy when everyone else is selling.
XMDC- Bounced off lows of last week. BK was discharged yesterday and the Q is now off. CEO has stated that he has plans for company. High volume today. No official news yet, so it could run with news.
FXIT - Thanks Devcool. I read that. But the last two days volume has been way up. Yesterday it "appears" somebody pick up a load at .014 and today both price and volume are up again. I'm still looking, but I may take a chance that something is in the works on this one.
What's all the volume about? It looks like somebody really loaded up yesterday. Now I see more volume today; any ideas?
SPXA - Price moved up then stayed up at end of day. Not many people know this one yet; I guess it's getting more interest.
I know many people who are sticking this out, but if you are selling, then you might have a better chance during the dead cat bounce……it will get hit hard first thing in the morning.