Coda Octopus Group Inc (CODA)

[Omarabsu]

Does anyone subscribe to the logic that they are anticipating large demand from products already under the umbrella, and that this money raised will go towards a production facility. It seems to me they leased a temporary production facility in FL, but in the years ahead of they get Naval, NASA, and commercial demand, won’t they need the operation in place to meet demand?

Last time they issued equity was to pay off their debt. I think as they gear up to become a government contractor with minimum quantity POs, an acquisition wouldn’t make sense (growth catalyst already within striking distance). To me the one piece of the puzzle they have left to solve is this production issue at scale.