Bullboard - Stock Discussion Forum Omni-Lite Industries Canada Inc OLNCF

Primary Symbol: V.OML

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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... see more

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Omni-Lite Industries Canada Inc > Annual meeting Oct 4, 2023

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Post by SCVALINVESTOR on Oct 04, 2023 3:09pm

Annual meeting Oct 4, 2023

Annual meeting yesterday was quite positive, though poorly attended - 2 shareholders physical and 2 virtual! Order inflow picking up and hope for Castings division to achieve profitability. California Nano debt of approx $1 million has been completely written off, but now they are repaying principal. Potential hidden asset on the balance sheet at 7 cents a share. Big problem is $9 million market cap - tough to get visibility with investors.

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