Coda Octopus Group Inc (CODA)

[Kaad_g]

The only reason this stock is trading at .07 is because it's still on the Pinks.

Pink sheet investors are very impatient, and always think they can time the markets. I'm sure some of you are trying to get your money to work for you somewhere else in hopes of getting in here before the quarterly comes out.

The other reason is because most of the investors with any real money will only invest in a reporting company (OTCBB).

I know many investors don't read annual or quarterly reports so let me show you two significant paragraphs from the last quarterly report they filed.

“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.

The management anticipates going forward that we will start to prudently reinvest in some of these areas, such as sales and marketing, as we have above, which will probably involve selectively increasing other areas of expenditure, such as travel costs. We would also anticipate our legal and professional fees increasing as we become fully audited again, probably at the end of this Fiscal Year. These figures are therefore likely to increase in the fiscal years 2012 and 2013.”

I believe their fiscal year ends in October.

Remember; they made over a million in net profit last year, and are on their way to beating that this year. This from a company that has only 74.4 mil shares outstanding and less than half that in the float.

When they are reporting again later this year, do you really think they'll be at .07..........no way.