Coda Octopus Group Inc (CODA)

[Kaad_g]

I was waiting for someone to post this, and though they did, I'm not sure it registered with a lot of people.

"We would also anticipate our legal and professional
fees increasing as we become fully audited again, probably at the end of this Fiscal Year."

And this:

"We would expect that we will increase our spending in both the categories of Legal and Professional Fees
significantly at the end of the year when we resume with having our consolidated financial statements audited and
also in the category of Marketing to reflect the costs of launching a new product anticipated in this fiscal year."

They're getting off the Pinks folks!

In my emails with the CEO, she made it abundantly clear, that as a small company, they need to get their finances in order first before spending the money on audited financials. This, from a company already making money! So if they are anticipating getting back on the OTC AND spending on Marketing; they wouldn't think about it unless they were expecting plenty of funds.

Watch for lots of positive PRs and financials in the coming months.

Hard to believe anybody would think of selling here.

Oh, and BTW; their fiscal year ends in October. So this could be happening sooner than you think.