Coda Octopus Group Inc (CODA)

[1center]

Looks to be a good report in revenues and profits

3) Security Information
Trading Symbol: CDOC
Exact title and class of securities outstanding: Common Stock and Series A Preferred
CUSIP: 19188U 10 7
Par or Stated Value: 0.001 (Common Stock)
Total shares authorized: As of April 30, 2015 our authorized share capital comprise 150,000,000 Common
Stock and 5,000,000 Preferred Stock)
Total shares of Common Stock issued and outstanding as of April 30, 2015: 93,919,213 and as of June 15,
2015: 93,919,213
Total shares of Preferred Stock issued and outstanding as of April 30, 2015: 6,287 and as of June 15, 2015:
6,287

The only other ding I found

The holder of the Series A Preferred Stock (a company wholly owned by the former CEO) has
demanded dividend payments of approximately $900,000 (from 2009). The Company believes
that as a result of its current cash requirements (including its obligations under the Secured
Debentures and its operational requirements), applicable Delaware law prohibits it from
declaring and paying such dividend. The Company has been in discussion with the holder and
would hope to resolve this issue amicably. However, it will not agree to any dividend payments
that may violate applicable law. In addition, the Company’s current management has been
unable to find the complete documentation relating to the Series A Preferred Stock including
verification that valid consideration was paid for a significant part of the Series A Preferred Stock.
The Company can give no assurance that the holder will not institute legal proceedings against
the Company on the position taken on declaring and paying dividends on the Series A Preferred
Stock.

If I'm not mistaken the CEO that resigned in 2009 was
Jason Reid


http://www.otcmarkets.com/financialReportViewer?symbol=CDOC&id=140090