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Re: Katfish post# 4130

Monday, 10/20/2014 1:08:27 PM

Monday, October 20, 2014 1:08:27 PM

Post# of 5799
A positive I remembered that should be noted...
$CDOC

A key achievement of our restructuring has been to reschedule in October 2010 certain liabilities of
our wholly owned subsidiary Coda Octopus Martech Limited (“Martech”). In this connection,
$945,000 has been rescheduled to be repaid over four years. This amount has now been reduced to
approximately $200,000. Martech pays approximately $200,000 per year. As of the date of this
document, Martech is current under this arrangement, and will need to keep current to avoid
adverse consequences. We anticipate Martech to complete its obligations under this arrangement
by November 2014.


This should help earnings going forward.

The above from 2013 Annual page 9
http://www.otcmarkets.com/financialReportViewer?symbol=CDOC&id=115810

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