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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 Jun 03, 2020 12:47pm
220 Views
Post# 31107218

Let the dumping begin!

Let the dumping begin!After a terrible set of quaterly financials and (even worse) no solid gameplan for future growth, it is no surprise that shares are flooding into the market at greatly discounted prices.  Not sure who is doing the buying, but it most certainly won't be me.  And all of this is occuring during a great run in the general markets, so those with money tied up in this dog are not only facing dramatic stock depreciation but are also missing out on potential big gains elsewhere.

Just another small cap that once had a great story but has been comletely unable to deliver.  See you at zero.

-GBG
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