Coda Octopus Group Inc (CODA)

[smit0745]

I have spoken to Mr. Turner on the phone. He essentially reiterated what you just pointed out on p 15. I am very confident that the company will be able to obtain straight debt financing with no convertibility features to pay off the small remaining cash amount of their current convertible note in excess of their cash balance at the end of the year.

A company generating this much EBITDA… The bank could have senior claims to their assets assuming they mandate the company to use the proceeds to pay off the convertible note, which the bank would more than likely do.

That being said there are all types of scenarios that could play out here in my opinion… none of them worry me very much.