3SOF

Financials.

http://finance.yahoo.com/q/is?s=ieam.ob

I'm wondering if there will be a "shake out" like I've fallen for too many times.


GLTA

Not a very good table that of IEAM's......I'm holding IEAM just to see if there is some shake-up after it goes to Nasdaq

This news causing some sell off:

NEW YORK, Sept. 22, 2006 (PRIMEZONE) -- Industrial Enterprises of America, Inc.
(OTCBB:IEAM) responds to the 13D filing by Mr. Beryl Zyskind and disputes Mr.
Zyskind's entitlement to any shares as alleged in his filing. 
The Company feels very strongly that the filing by Mr. Zyskind is false and
misleading. While the Company is currently in litigation regarding Mr. Zyskind's
claims, the amount of shares claimed to be beneficially owned by Mr. Zyskind is
outrageous and erroneous. The Company has numerous defenses to Mr. Zyskind's
claims including, but not limited to:   


1. An executed release that states, "The parties hereto warrant
    that this Mutual Release is to be of the broadest nature and is to
    be dispositive of all matters between the parties hereto."
2. That the $100,000 in question was not invested for the benefit
    of the Company and
3. That Mr. Zyskind has already received appropriate compensation
    for his claims.

Management believes the timing of Mr. Zyskind's Schedule 13D filing
demonstrates that it was not done for the purpose of complying with the
securities law, but for the purpose of abusing the securities laws as a weapon
for gaining unfair advantage in his civil litigation. The Company has contacted
the Enforcement Division of the Securities and Exchange Commission regarding
this abuse of the securities law and is considering all of its legal options at
this time. The Company will also be commencing legal action to redress any
potential harm to its shareholders. 

I added on the dip. The stock showed strength in coming back. Someone is in the know...


I added in the hopes of a bounce. The fundamentals are still the same. I was willing to take the risk. So far so good!!!!

We shall see!

Financials...

http://finance.yahoo.com/q/is?s=ieam.ob

Those numbers do not include Pit Penn, which is the reason why people are excited.  Wait until fiscal year end numbers are released (Friday?).

Per yesterday's presentation:

last 6 mths, rev growing 20% per month, coumpounded
capacity is $200mm rev.
on pace now for $100mm rev, this fy
customers now include k-mart, wal-mart
Inst. investors now include Nite Capital, among others
net income to double next 2-3 years w/out dilution
still guiding $1.20 / share net income fy07 (ends june 30, 2007)

Q4 NI= $0.20 / share

http://biz.yahoo.com/pz/060929/106003.html

Any reason for the low volume?  What does everyone think of the latest numbers?  What is the status of the Nasdaq listing?  An update please.

Low volume because of a low number of outstanding shares; latest numbers are awesome, Nasdaq listing will follow about a month after Q4 numbers are filed with SEC. 

See also my post from Sept. 18th.

Symbol was changed today by mistake by nasdaq to ieame, will go back to IEAM tomorrow.
Good chance to get back in today.

IEAM's 10K is tardy. 

They filed and extension, nasdaq misplaced it hense symbol change.
IR told me it will be corrected tomorrow.

Any update Micheal? 

Ramsburg thank you for the notice prior to selling PTSC.  I especially like the way Micheal (with one of his VERY rare inputs) says "As always Pennies are risky investments but I feel good about this one" and "The earnings were good, the potential is mind bubbling and to get the restatement of 2005 out of the way should be good news" just before market close.  Only to find out later that 3SOF sold earlier that morning. 

I would also like to thank you for the weekly updates on IEAM.  The stock has been held for over 4 months, is down 14%, and hasn't been updated by a paid administrator since September 10th.  Even after several request for an update.

I will give you credit for some nice picks recently but I also paid for the knowledge, technical analysis, and daily updates from Micheal and EliteG.