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Dynamic Technologies Group Inc - Class A ERILF

Empire Industries Ltd designs, fabricates, manufactures, erects and sells proprietary engineered products internationally. It operates in the segments of Ride-Systems Manufacturing, Parts & Service and Corporate & Other segments. These include Design and manufacture complex ride systems, Provider of parts and maintenance services to existing ride systems. The group operates its activities internationally.


OTCPK:ERILF - Post by User

Post by Steelironmanon Nov 21, 2016 11:56am
158 Views
Post# 25489878

Re New announcement

Re New announcementSomething doesn't seem to add up.

The announcement states that the design facility has 400 engineers, designers, fabricators and theme artists based in Vancouver, Orlando, Toronto, Arlington (Texas), Dongguan, and Shanghai.

At a pay scale of only $40,000 per year, which is quite low for the description of the employments, that adds up to an expenditure of 160 M$.

There total annual sales are in the range of $120 M per year.

This leads to a shortfall  of $40 M not including the cost of all the sales.

What gives?
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