I really can't see the filings to be 'fake' or 'fraudulent'. It doesn't make sense.
The financials are being prepared (or at least have her name on them) by a highly qualified and exposed person. (Who is now the CEO but operating from Denmark?)
In addition,
... Colmek has been a supplier of key components in the Phalanx missile program for several years running. Similarly, Martech is currently prototyping a decontamination oven which is expected to form part of the ground equipment for jet fighter aircraft and will be used for decontaminating pilots’ high-tech and sensitive headsets. If the prototyping is successful, we would expect that the customer will take this to the production phase in the last quarter of the fiscal year ending October 31, 2012. Both of our engineering companies are ISO9001 accredited
You've also got, just to name a few, *big* names using Coda's underwater inspection system (UIS). US Coast Guard, Boston Police Department's Harbor Patrol Unit (MA), Port Everglades (FL), Long Beach Police Department (CA), City of JacksonVille (FL), and other unnamed government agencies.
And you can't really play with the military and the ISO accreditation bureau without being transparent on high levels imo.
Not to mention the TAP and Seatronics as well as Colmek and Martech products.
By all accounts COG seem to be firing on all cylinders but still have a couple gears available.
This is why I don't understand what is going on with the share prices. Isn't basic understanding that the more you make and have (which is evidenced by the financials improving each quarter) that SP would rise also?
I agree with Hank on some levels but I don't want to give up on this company. It's on the Pinks, but everything about it is so not Pink imho. I hope others will contribute DD/research here to this conversation.
Lastly, I don't think it's the debt (or debtor) that is holding this thing down.
