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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 SCVALINVESTORon Oct 04, 2023 3:09pm
324 Views
Post# 35669597

Annual meeting Oct 4, 2023

Annual meeting Oct 4, 2023Annual 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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