Here is a GREAT READ!!You would be surprised. Blaser2 made a good point just how sharp he is, He stated this? and I wondered how do you get 60% profit even selling at 8 cents? that would mean that they payed .
035 a share? lol I'm ready to make my profit but more then 60%
I can only hypothesize that BMO or its fellow-travellers (note that BMO used to be a debt holder for EIL) got a good slice of the 40 Million shares and have been merrily flogging them at
.08. They get the profit, the retail mules take the risk. Don't cite the 4-month hold (May 31). These pros know how to treat the matter. This way, they lock in their 60% profits and not worry about paper traders and the consolidation proposal in the spring. Note that a consolidation lowers the price per share to
.065
| Market Cap |
7.3M |
|
|
| Revenue (FYR) |
$109.3M |
|
|
| Shares Out. |
91.2M |
Book Value |
.26 |
I would say that theres money to be made in the Oilsands? I don't see BMO?
2010
April – Fort McMurray subsidiary ACE Industrial Services (formerly Sorge’s Welding) was officially rebranded and marketing initiatives were launched to strengthen Empire’s position within the lucrative oilsands maintenance sector. ACE is a jointly-owned entity with the Athabasca Chipewayan First Nation group.
March – Operating lines and term debt owed to senior lenders were paid back through a $17.5 million facility after the consolidation of Empire's banking with Canadian Western Bank. The transaction improved the Company's ratio from 1.1 to 1.4, greatly enhancing liquidity.
March – A domestic letter of credit facility was put in place with Export Development Canada and Canadian Western Bank to support Empire’s bonding commitments for major projects
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.
Empire Companies
Empire has a wide range of experience across our subsidiary companies. For the most challenging steel projects, Empire creates added value by pulling together our best resources from across several disciplines to help turn our client’s visions into significant works of steel.
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.