Replies to post #4594 on Coda Octopus Group Inc (CODA)

[multivalue]

Katfish,

Can you or someone else here clarify this statement...

The agreement to convert the Terminal Conversion Premium portion of $3,558,136 into the Company’s
Common Stock at USD eleven cents per share will take effect from 1 March 2016 and therefore our
financial statements as at October 31, 2015 have not taken account of this aspect of the Restructuring
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Agreement. Upon consummation of this part of the Restructuring Agreement the Company will issue
32,346,682 shares of Common Stock.

Am I reading that right, that there is dilution coming?