Would you buy a $100mil rev per yr for 8 cents?Gold company $100,000,000 a year revenue
What makes REALLY bad investment decisions! Buying with the herds.
BELOW are amazing insider facts!!
Empire Industries has annual revenues of
$100,000,000
Qiguang Group our
JV partner has revenues of
$100,000,000
Qiguang Dynamic Structures our
JV company will have revenues
$100,000,000
For 8 cents!!!!
Infrastructure is the biggest and best sector in the market. If the private sector build then the government builds more! $35 Trillion being spent. If this was a
gold company and they had revenues of
$100,000,000 a year and an endless supply of jobs for
eternity globally would this be trading for
8 cents? NO!
This is what makes
bad investors that will
NEVER be like
Buffett. You guys will spend
$4 on a share for a company that punches holes in the ground and has
NO revenue which will have to spend and borrow another
$250,000,000 and
5-7 years to get a mine operational
BUT you wont spend
8 cents that has all that going on
now?
Warren Buffett said, I only invest in one type of company. One with
REVENUES!!
EIL will have huge exposure to projects like this that are already in the works with their partners.
https://dgqiguang.en.made-in-china.com/product/PMhmcpbxaBWY/China-Steel-Structure-Shenzhen-Hai-Ya-Square-Project.html
This page shows exactly what EIL engineers and builds
https://www.qiguanggroup.com/
Heres the links to
Empire https://www.empireindustriesltd.com/
Heres the link to
Qiguang Group, visit
www.qiguanggroup.com
Heres the name of our JV company
Qiguang Dynamic Structures
Joint Venture – Empire and Qiguang have also agreed to enter 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 $1.5 million. Empire's share of the capitalization will be funded through limited recourse loans from Qiguang, secured by a pledge of Empire's 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, P. R. China., initially leasing approximately 80,000 square feet for joint venture business.
The joint venture will target three markets:
- the rapidly growing and largely under-served domestic Chinese market requiring complex steel fabrication design/build services;
- fabricated steel sub-components made in China and exported to the Western Canadian industrial market; and
- manufacturing of Empire's engineered products in China for the Asian market, under license, that Empire has been manufacturing for decades in North America.
"I am delighted to announce that a strategic alliance has been entered into between Empire and the Qiguang Group from China." said Guy Nelson, CEO and President of Empire. "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's proven skills in marketing, fabrication and installation in the rapidly growing Chinese market together with Empire's experience, unique engineering expertise and proprietary engineered products, to make a truly unbeatable combination."
About Qiguang Group
Qiguang Group is based in southern China and is one of the fastest growing steel fabricators in China. It has over 1500 employees and eight subsidiaries all in the steel fabrication, steel supply and construction business in China. The Qiguang Group processed more than 70,000 tonnes of steel in 2009 and had consolidated revenues in excess of $100 million. The Qiguang Group has the required Class 1 certifications issued by Ministry of Construction to fabricate and install steel structures in China. Qiguang Group started the business in 2000 and has grown organically since then. For more information about the Qiguang Group, visit www.qiguanggroup.com
Heres what the insiders just bought!
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.