OmniTek Engineering Corp (QB) (OMTK) News

Funny, someone was touting this on September 7 on Facebook when it was at .09 cents. Decided to finally look. .02 now.

Yes, we are looking for: HOPE!

Reality will probably be different, again.

Are we looking for anything in the late filing

Where is the hope for OMTK?

You are right, with Diesel prices high, OMTK should fly.
But it doesn't!

9-30-2022 statement:

cash: $8k
a/r: $11K

while

a/p: $387k
accrued compensation: $638K
payable to related party: $129k
Customer deposits: $231k

or in other words... crazy up side down, the company is still so broke!

With the price of diesel, I would have thought things might be improving for them. I know the cost of natural gas isn't helping.

November 2022...

It seems OMTK is late again in filing the reports.
What happened to the anticipation?

Notification of inability to timely file Form


It seems OMTK is late again in filing the reports.
Not looking good in my books.

Great prediction I bought millions.

“$1 will come here , Jim Cramer is so bullish on Hydrogen Engine... “

Houston: We STILL have a problem at OMTK
Latest 10-Q filed late again

9-30-2021 statement:

cash: $14k
a/r: $12K

while

a/p: $428k
accrued compensation: $616K
payable to related party: $125k
Customer deposits: $170k

or in other words...

The company is still so broke, even after receiving massive amounts from government covid help.
Has hope for OMTK left the building?

I will be in when next float update hits OTCM...looks solid

OMTK getting eyes

OMTK is about to bust loose!

OMTK getting loaded

OMTK UNUSUAL LOADING going on today

$OMTK .09 with only ....WAIT FOR IT...35 MILLION A/S??!! I'm about to bring eyes on her. There are MILLIONS of traders on Twitter, I CHALLENGE ANYONE IN THE WORLD?? to find a stock with 25 million authorized shares or lower like $OMTK trading below 12 cents. I'll wait. U WONT FIND ONE. $OMTK a real company with real products. $2+ possible (but let's get her to 50 cents for starters.)

Late filing again

It seems the company is late (again) in filing the quarterly report for the ending period of June 30, 1021.

Still not looking good in my books.

Or in more details:

And only because the government helped:
OMTK as of march 31:

Cash $60k
A/R $22k
Real ASSETS on paper: 82k

And the other side:
A/P $461k
Accrued compensation $603k
payable to related party $123k
Customer deposits: 232k
Real LIABILITIES on paper: 1.5 Million

or on other words...
the company is so broke, where is the hope?

Only around because of Government help?

The company received $399k from the government in the last 12 months.

As of March 31, 2021:
$1.5 million liability and
$59k cash in the bank

Nothing wrong with this picture?
Why loading?

OMTK I hope you're loading

OMTK READY AGAIN

OMTK oversold

OMTK gloat can easily be locked

OMTK it's time folks.

OMTK I agree

added some more .10 area again

Got back in friday around .10

Could see the $1 today :)

What changed?
Why is this OMTK suddenly active?
Still no good news from the company.

$1 will come here , Jim Cramer is so bullish on Hydrogen Engine...

https://www.omnitekcorp.com/index.htm

With SHELL Turkey deals...
VISTA, CA — July 17, 2019 — Omnitek Engineering Corp. (OTCQB: OMTK) today announced its exclusive distributor in Turkey is ramping up marketing and sales initiatives based on the conclusion of several evaluation projects, including a successful six-month pilot program with Shell Turkey, to demonstrate the reliability and performance of diesel-to-natural gas (DNG) engine conversions.

The converted heavy-duty Mercedes Axor OM457 engine, equipped with Omnitek’s proprietary DNG engine conversion technology, exhibits the same 400 hp performance utilizing LNG as with diesel fuel.

The Class 8 trucks are equipped with LNG tanks, providing a range of approximately 900 km. The clean-burning LNG fuel is being supplied by Shell Turkey.

“We applaud Shell for selecting Omnitek’s 100 percent dedicated natural gas technology over dual-fuel technology, which only offers minimal fuel savings potential. The continued collaboration with Shell Turkey provides a unique opportunity to showcase and market the cost-effective alternative of truck conversions compared with purchasing new LNG vehicles. This should be particularly compelling to fleet operators in Turkey, given the short payback-period of truck conversions due to the large price differential between diesel and LNG, as well as Omnitek Turkey’s exclusive engine guarantee. In addition, the long service-life of heavy-duty diesel engines provides a further incentive to convert, while also addressing air pollution considerations in support of the Paris Agreement on Climate Change,” said Werner Funk, president and chief executive officer of Omnitek Engineering Corp.

Running hard on high volume. Folks are taking notice.

People have loaded the whole day in the .12/.13's area for the next leg up above .25 next week! That's why, I didn't sell any share!

Bid is building at .15 for the next leg up in the .20's! Don't miss the final rush

Beautiful slap of 107,724K at .22 --->23,7K$$$$...and some people are selling their shares at .18 one minute after! They will regret it when we will be in the .30's before the close!

We need to break ARCA at the ask...and we will fly above .25 before the close!

I hope that everyone has loaded the dip because It will take off hardly after breaking the wall at .20! This low float stock has the Dollar writing on its L2!

Let's see about that$$$$$

Now we fly partner$$$$

It sure was, snap Crackle pop and away we fly$$$$

Holding gains pretty well

In at .105 for the catalyst and especially for the extremely low SS ---> 0S: 21 millions / AS: 25 millions! No dilution here! See you in the .20's before the close!

Company received $ 259,436 in federal covid funds
Accrued management compensation reduced from $706,830 to $586,312
Did management pay themselves out of covid funds?

Accounts Payable increased to $ 533,397 and monthly revenues are only $67k

Still looking bad!
No touch!

IS THIS THE LOADING DOCK $$ ?.025 ??

CFO leaving Omnitek

As of January 10, 2020 report, it does not look better:
- 2018 Promissory note for $25k not paid, instead shares issued
- CFO, Richard Miller, leaving the company on 2-7-2020
Too bad, not promising

Ed

Good Observations Ed,
AR is looking very small.

50% reduction in revenue compared to 2018 !!!

No positive impact from "strategic investment"
430 k Accounts payable
10 k Accounts receivable

Who knows what the inventory is really worth?
1.5M Liabilities !

Lease area now reduced by about 50% should probably
have happened years ago.

It does not look good.
Still no touch for me!

Ed

Only thing I read was the conversion was over market price.

Thanks for sharing the details to the payments and structure

Just a drop in the sand....

What a strange investment.
$10k per month / $90k minimum per quarter.
$25k was paid at signing of the contract.
$75k is due by the end of this month (9/2019).

Just enough to pay over due rent of $87k!
And how do they want to develop an engine with this "investment"?

Thank you, No touch !!!
Ed

I watch and.......
no touching on this one,the fundamental just bad,bad,and bad.

Does the strategic investment mean much of anything?

https://www.globenewswire.com/news-release/2019/09/12/1914772/0/en/Omnitek-Engineering-Announces-Strategic-Investment.html

thanks.....
last nails on the coffin.I believe the company is finally done.
ps-nmxs is one of my current favorite,may be worth a peep.