Coda Octopus Group Inc (CODA)

[smit0745]

I don't disagree with any of your statements at all… I concur. The reason I brought it up is because current convertible debt holders might have enough bargaining leverage in renegotiating the terms of the current convertible debt that cutting off a finger is the most effective way to increase shareholder value through being able to pay the note off in cash…

That being said I do not think that they have that much bargaining power.

I think the most likely and realistic scenario is that a commercial bank comes in and gives them a basic bridge loan just big enough to pay off the current convertible note in cash and provide some working capital.

It would be a very standard loan for a commercial bank based on the current ebitda generation levels of the group.