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Omni-Lite Industries Canada Inc OLNCF


Primary Symbol: V.OML

Omni-Lite Industries Canada Inc. develops and manufactures mission-critical, precision components utilized by Fortune 100 companies in the aerospace, defense, industrial and energy industries. The Company has three business segments: forged, electronic and investment casting components. Its forged products business is conducted in Cerritos, California. Its electronics business is conducted in Nashua, New Hampshire, a value-added contract manufacturer of electronic components for electronic sensors serving the defense, aerospace, medical, and secure communications markets. Its investment castings business is conducted in Brampton, Ontario, where it manufactures ferrous, non-ferrous, and light-alloy investment castings of highly engineered, high-performance hardware and structural components for aerospace, defense, nuclear, and industrial applications. It has developed patented technologies for transferring products through multi-die machines with segmented tooling.


TSXV:OML - Post by User

Post by GeorgianBayGuyon Apr 27, 2020 2:10pm
215 Views
Post# 30958609

Not what it used to be.

Not what it used to be.Sold out of my position in this company quite some time ago.  Complete lack of transparency from new leadership.  No new financial reports since mid-November 2019 (how is that even legal???) and no business updates with the exception of a brief note about their line of credit.  It is never acceptable to keep shareholders in the dark like this.  New leadership will need to demonstrate much better shareholder communications before I consider coming back into this stock.

Is it any wonder why this stock is not participating in the general market rally since late March 2020 and does not seem to be able to sustain any sort of positive momentum on the buy side.

-GBG
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