CodeSmart Holdings Inc (fka ITEN)

[xyz1002]

It doesn't make sense. Annual revenue is > $2M and it should be trading at least 10-30 times that with a minimum $20M valuation which translate to $0.20 pps @ 110M OS.

But sadly they had issued a CD on April 14, 2014 which was restricted for 6 months. Meaning that cd holder could convert after Oct 14th. I am fairly certain that is what is happening here. The cd holder was given a 38% discount of the lowest trading price in the last 30 or 90 days, can't remember exactly. So he mad it like a bandit. The lowest in last 30 days was 0.0024. so he is getting shares at 0.0014 and have been selling since it hit 0.018. That is like making 5-10x retrun.

when this cd holder is done converting we should move up first. My guess is he should be almost done by now.