Why this is heading higher tomorrowHigher volume each day and higher prices. It will be a 25 cent stock soon enough. No lack of traders on this one.
On top of a news release that will be out soon enough.
Guys, this company had positive earnings in 2006 and 2007 and
trading in the .40 cent area. They had two bad years, driving them below .10 cents but the last time there was 2.4 million shares traded was in Apr 2007. There has been a lot of positive projects since the market drop and I expect these birds to once again come out positive for 2010 earnings. I am expecting this to be north of .20 cents this year and back to the 2006 and 2008 level by 2012. Loads of infrastructure taking place and more in the works so cheap shares for a company bringing in gross sales business. Bring up a 6 year chart and I think you will see the potential here. 3,7 million volume between .075 and .085 was not a fluke but planning for the April earning report.
This is one solid stock steady as its firmly planted at 8 for the time being. If i were building a niche building then I would want this kind of support. lol
Great week folks and it wont be long before news comes from
Qiguang Dynamic Structures of contracts. I like the fact that Empire holds the licensing rights that Empire has been manufacturing for decades in North America and that if theres any additional
required to fund the growth of the joint venture that it will be funded by Qiguang and Chinese banks :) I hope China banks have money.
Once this company opens the doors then its off to the races with contract news releases one after another. Holding one share of this covers all three companies so the odds are excellent that we will bump higher off any news release from any 3 of these companies. :) I am a happy clown.
No wonder the insiders bought up so much paper on this company from their own pocket.
Joint Venture
Empire and Qiguang have also agreed to
into a joint venture agreement whereby a new company will be incorporated in China that will be owned 49% by Empire and 51% by Qiguang. The jointly owned company, called Qiguang Dynamic Structures, will be capitalized initially with USD 1.5 million. Empire share of the capitalization will be funded through limited recourse
from Qiguang, secured by a pledge of Empire joint venture shares. Additional working capital required to fund the growth of the joint venture will be funded by Qiguang and Chinese banks. The joint venture will operate out of an existing 400,000 square foot facility on 24 acres of land in Dongguan, Guangdong, PR China initially leasing approximately 80,000 square feet for joint venture business.
The joint venture will target three markets:
1. The rapidly growing and largely under served domestic Chinese market requiring complex
design/build services;
2. Fabricated steel sub components made in China and exported to the Western Canadian industrial market
3. Manufacturing of Empire's engineered products in China for the Asian market, under license, that Empire has been manufacturing for decades in North America.
Mr Guy Nelson CEO and President of Empire said "I am delighted to announce that a strategic alliance has been entered into between Empire and the Qiguang Group from China. We have been working on two service contracts in China with the Qiguang Group over the past number of months and it became apparent very quickly how compelling a strategic alliance between our two companies could be. I have been convinced for some time, the recession notwithstanding, that if we could consummate this particular Asian strategic alliance and recapitalize our company to execute the strategy, that there would be no barriers to success that could not be overcome."
Mr Qiguang Qiu CEO and owner of the Qiguang Group was quoted as saying, "This joint venture combines Qiguang proven skills in marketing, fabrication and installation in the rapidly growing Chinese market together with Empire experience, unique engineering expertise and proprietary engineered products to make a truly unbeatable combination."
Wow a whole 4000 shares were shorted and then covered in 2008 leaving us with no shorts. I only post this for the fools that make up #hit as they go.
Its information like this that should motivate anyone into buying now ahead of their news. I think because the buyers are doing Due Diligence that the buying is continuing with no pulling back. Its so obvious that the insiders have a
deal going on behind closed doors that buying this should be illegal. If you look at anyone who is someone that is making money its because they do their research.
"Strong Buy"
Its also great to see Guy Nelson step up large.
Chief Executive Officer and President
Below are 2 seperate insiders recent
investment into the company. One is buying into a private placement and the other is a convertible debenture into common shares but combine are a great indication that the insiders are going big.
February 15, 2011
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P /
# of Units
Terence Quinn Y
1,000,000
William Rollins Y
1,000,000
Guy Nelson Y
5,000,000
Robert G. Marshall Y
2,500,000
Campbell McIntyre Y
2,000,000
Tricapital Solutions Inc.
(
Ian MacDonald) Y
10,000,000
David M. MacDonald P
1,000,000
No Finder's Fee.
February 17, 2011
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P /
Principal Amount $
Bruce Jackson Y
$100,000
David Halliday Y
$40,000
Campbell McIntyre Y
$100,000
Alexander Kent Y
$10,000
David Kassie P
$100,000
No Finder's Fee.