Coda Octopus Group Inc (CODA)

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Congrats to those still riding this one. It certainly has gone much higher than I thought possible without significant news of a large order or something. And I thought Sandy Hills would be unloading more shares up here. They haven't. Yet.

I'll be rooting for you guys to run this one higher. I think it's already an attractive short. Have already made money a couple times on the short side and am ready for another go-round. Just small positions, so def not overly confident. So many stocks are flying in the current market euphoria. Hard to short much of anything.

Agree that CODA is cheaper than many of the ridiculously expensive stocks out there. And I think it's a solid company with some cool products. But that doesn't mean you should buy it at any price. The good thing for CODA longs is you have one last easy comp in June. Then the sledding gets tougher with several difficult comps in a row after that. When CODA reports a revenue/earnings decline, the stock will be a fraction of the current value imo.

p.s. any thoughts on the filing yesterday and the material weaknesses identified? Sounds like expenses will be going up.

https://www.sec.gov/Archives/edgar/data/1334325/000149315219005782/form10ka.htm

We identified material weaknesses which are indicative of many small companies with limited staffing levels resulting in inadequate review procedures. Based on this evaluation, management determined that our internal controls over financial reporting were not effective at October 31, 2018. Nevertheless, errors that were detected in the recording of financial entries were corrected prior to the completion of the financial statements included in this annual report. Accordingly, our management has concluded that the consolidated financial statements included herein present fairly, in all material respects, our financial position, results of operations and cash flows for the periods presented in conformity with GAAP. Moreover, we have recently retained additional resources to ensure adequate segregation of duties, sufficient review and compliance with our processes to provide reasonable assurances to prevent inaccuracies in the recording of financial entries. Management believes that these additional controls and procedures should remediate the identified material weakness. Management is continuing to monitor the effectiveness of these additional procedures and controls.

We have taken remedial actions by implementing new controls over our review procedures involved in posting and review of our financial transactions.

We are constantly seeking ways of remediating the identified weaknesses and have started the process of introducing some controls in the area we have identified as a material weakness within the Company.