Coda Octopus Group Inc (CODA)

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This is an OTCBB/NASDAQ company, temporally disguised as a Pink Sheet company.

Most Pinkies have a web site, one officer, no employees, and no sales.

Look at Coda's website products page; these are products being used in the market right now. They have 6 pages of videos showing their product in use. Their contacts page shows 4 sales contacts that represent every continent. They have/had 75 employees, and they are hiring more. Greenhouse Investments owns 35% of the outstanding shares. They had $15 mil in revenues and $1.1 mil in net profits last year.

The current CEO in charge of the incredibly successful turnaround in this company, Annmarie Gayle, is an international corporate lawyer. Do you know who else she works for? She is the General Counsel/Transaction Manager at Greenhouse Investments.

Here is just a sampling of what she has done, and you should read all of it carefully:

Ms Gayle has a strong background in restructuring and has spent more than 12 years in a number of countries where she has been the lead
adviser to a number of transitional administrations on privatizing banks and reforming state owned
assets in the CEE countries including banking, infrastructure and telecommunications assets. Ms Gayle
has also managed a number of large European Union funded projects.
Ms Gayle brings to the Company a wealth of experience of corporate governance, large scale project
management, restructuring, strategy, structuring and managing corporate transactions ranging from
main market IPOs to disposals and acquisitions.
Ms Gayle holds a 2.1 Law degree gained at the University of London and a 2.1 Masters of Law degree
from Cambridge University. She is a qualified solicitor to practice law in England & Wales.

Do you know what Greenhouse does?

Greenhouse is a boutique structured and corporate finance house with international reach providing mid-sized exchange listed and unlisted corporations bespoke access to debt capital markets and cross-border corporate finance/mergers and acquisitions services.

http://www.greenhouse-capital.com/en/our-company/about-greenhouse-investments-limited

This is something you should read about Coda's loan.

During the term the Secured Debenture is convertible into shares of our common stock, at the option of the
Debenture holder, at a conversion price of $1.05. We may also force the conversion of
these Notes into our common stock after two years in the event that we obtain a listing
on a national exchange and our stock price closes on 40 consecutive trading days at or
above $2.50 between the second and third anniversaries of this agreement; $2.90
between the third and fourth anniversaries of this agreement; and $3.50 after the fourth
anniversary of this agreement or where the daily volume weighted average price of our
stock as quoted on OTCBB or any other US National Exchange on which our securities
are then listed has, for at least 40 consecutive trading days closed at the agreed price.
Our UK subsidiary, Coda Octopus Products Limited has a seven (7) year unsecured
Loan Note for GBP 100,000 (equivalent of $160,000 using prevailing exchange rates).
This Loan Note attracts interest of 12% annually. The Company has the option to pay
this at any time but no later than its maturity date or to force its conversion into shares
of our common stock in the event that the share price reaches $3.00.

After all of this, don't you think Greenhouse would like to see the share price in the of $1.05 to $3.50 range?

It looks to me like they're on their way to getting there. I if you read past PR's, Qs, and 10Ks, they were always conservative and had a doom and gloom attitude about them. The lastest stuff implies that business is really picking up and the future is looking bright. The fact they're going to start filing audited financials says a lot about what they think the future holds.

Look at the stock chart: when investors were looking at this stock in the $.018 range they were thinking "Nah, it's too expensive"; when it was in the $.05 range, (where I bought) they were thinking "Nah, it's too expensive"; now the ask is $.10 and I know people are thinking "Nah, it's too expensive".

Think again.

BTW, CDOC's products are now on the Seatronics website for rental:

http://www.seatronics-group.com/product-search/all-26/coda