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Omni-Lite Industries Canada Inc V.OML

Alternate Symbol(s):  OLNCF

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

Comment by knicksmanon Apr 30, 2016 1:00pm
73 Views
Post# 24828959

RE:RE:RE:Where are the critics now?

RE:RE:RE:Where are the critics now?My sources were correct the contract would not be renewed...as it was downsided by 50%. I'm not sure how you consider that to be a positive. Surely, it's better than completely disappearing, but you should really be celebrating? Also, have you spoken to the new company and asked them how revenue much the aerospace contract is replacing? What are the company's revenue expectations for 2016?

That's what I love about these guys! The company cannot manage honest communication and do not understand that at the end, it only hurts them. It only took two weeks for the IR firm to resign. On a number of occasions, the company announces a new "contract" and next thing you it is actually only replacing an old one. Excluding the military contract, revenues actually declined last year. And now that the military contract got downsized...that's ok.

What about the company announcing fantastic 2015 revenues two months ago and then on the last possible filling date announcing a $0.03/share earnings loss?!? These guys are clowns. And Q1 will be better?

At what point as a shareholder do you begin to ask the right questions?

Monday will be ugly.
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