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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

Post by GeorgianBayGuyon Mar 09, 2021 1:55pm
349 Views
Post# 32754026

This dog is still barking

This dog is still barkingStill well more than 50% off its highs and completely flat during a year when general markets have seen incredible rebounds.  Glad I took the loss and dumped this POS early last year.  At least I was able to redeploy the capital into some companies with management teams who actualy know how to run a business.

Condolences to those that have hung on.  This story is dead.  It will go to zero or be bought out by other interests for pennies on the dollar.

-GBG

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