IEAM

[buddjas1]

Obviously not the quarter that Mazzutto promised with only 15 days left in the quarter (in late March).  Just another example of extremely questionable behaviour. 

In any event, assuming a base of $0.30 per quarter in EBITDA going forward, IEAM is still undervalued.  $0.30 * 4 *20 = $24 / $5 = 4.8 bags, on current numbers.  More, of course, after China JV.

I will be buying more at these levels.

[la-onda]

Thanks Oliver for your questions...
1. Website development still underway
2. We will update the investor presentation in June
3. The company has a $10 million stock buyback program
4. There is no transcript available

Take care,
Chris

-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Wednesday, May 23, 2007 8:39 AM
To: Chris Witty
Subject: RE: IEAM IR Update

Hi Chris,
the IEAM Q3 numbers are disappointing and not aligned the IEAM March presentation update.
I kindly ask you again my questions from a few weeks ago:

1) As a NASDAQ traded company, IEAM should publish their new official website http://www.ieam-inc.com/ as soon as possible. Is there any timeline existing?
2) Could you please publish an updated IEAM investor presentation (latest version: http://www.ieam-inc.com/IEAM-BRiley-Final.pdf)?
3) Is there any other stock buy back programs planned to support the stock price?
4) Is there any transcript from the CC available?

thanks in advance
Oliver

[la-onda]

as requested buddjas1 

http://www.secform4.com/insider-trading/1059677.htm

&

IEAM: Short Interest UP 100.0% to 767.2K in May 2007
Friday , May 25, 2007 01:05ET

According to new short interest data from NASDAQ, short interest for Industrial Enterprises of America Incorporated (NasdaqSC: IEAM) INCREASED 100.0% to 767,191 shares for the month ended mid-May, 2007.

SYMBOL             APRIL             MAY          CHANGE       %CHANGE  DAYS/COVER
--------   -------------   -------------   -------------  ------------  ----------
IEAM                   0         767,191        +767,191      +100.00%           3

Based on IEAM's 20-day average daily share volume of 257,121, it would require approximately 3 day(s) of buying to cover this short interest.

cheers
O.

[buddjas1]

Thanks for the info (applaud).  Nice to see strong institutional support.

[brandyjoco]

Thanks for the info.  I am sitting on 3,000 shares long term (I think $6.10 cost)....

[buddjas1]

Pike owns over 24% outstanding shares now.

http://www.sec.gov/Archives/edgar/data/1059677/000101359407000291/industrial13da-052507.htm

[buddjas1]

100,000 more for Johnny boy:

http://www.sec.gov/Archives/edgar/data/1059677/000116694407000003/xslF345X02/primary_doc.xml

Somebody bought 56,283 more at the end of the day.

[la-onda]

BUYINS.NET: XFML, ARGL, IEAM, PURE, SHMT, SNDN Have Also Been Added To Naked Short List Today
Tuesday , May 29, 2007 09:24ET

May 29, 2007 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Xinhua Finance Media Ltd. (NASDAQ: XFML), Argyle Security Acquisition Corporation (OTCBB: ARGL), Industrial Enterprises of America Inc. (NASDAQ: IEAM), PURE Bioscience (OTCBB: PURE), Shumate Industries Inc. (OTCBB: SHMT), SendTec Inc. (OTCBB: SNDN). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.
...............

Industrial Enterprises of America Inc. (NASDAQ: IEAM) an automotive aftermarket supplier, sells anti-freeze, auto fluids, charcoal fluids, and other additives and chemicals in the United States. The company, through its subsidiaries, manufactures and sells packaged refrigerants for the automotive and dusting markets; markets and distributes a line of automotive aftermarket chemicals to the retail, wholesale, value chains, and private labeling markets; and manufactures liquid and aerosol products. In addition, it supplies automotive and chemical products, including engine oils, transmission oils, washer solvents, brake fluids, and gasoline additives. Industrial Enterprises of America, formerly known as Advanced Bio/Chem, Inc., was founded in 1974 and is headquartered in New York, New York. With 13.30 million shares outstanding and 418,900 shares declared short as of April 2007, there is a failure to deliver in shares of IEAM.


nice insider buying today 

chart:

[la-onda]

chart is looking better now!! 

IEAM: Jumps +2.80%; Vol +121%; Last 90 Min of Trading
Thursday , June 07, 2007 16:21ET

During the last 90 minutes of today's session, shares of Industrial Enterprises of America Incorporated (NasdaqSC: IEAM) demonstrated a strong UPWARD close relative to its 13:30 ET statistics. "Strong Closers" are determined by proprietary Knobias calculations performed during the last segment of each trading day.

sym: IEAM      @13:30 ET     @CLOSE    % CHANGE
----------   -----------   -----------  ------------
PRICE              $5.00             $5.14        +2.80%
VOLUME           116,700       257,900      +120.99%
#TRADES            109           187            +71.56%
DAY-HI             $5.09         $5.14           LATE-HI
DAY-LO             $4.90         $4.90           N/A

&

BUYINS.NET: ISR, CN, INO, BCRX, GTOP, IEAM Have Been Removed From Naked Short List Today
Wednesday, June 06, 2007 09:20ET
....
Industrial Enterprises of America Inc. (NASDAQ: IEAM) an automotive aftermarket supplier, sells anti-freeze, auto fluids, charcoal fluids, and other additives and chemicals in the United States. The company, through its subsidiaries, manufactures and sells packaged refrigerants for the automotive and dusting markets; markets and distributes a line of automotive aftermarket chemicals to the retail, wholesale, value chains, and private labeling markets; and manufactures liquid and aerosol products. In addition, it supplies automotive and chemical products, including engine oils, transmission oils, washer solvents, brake fluids, and gasoline additives. Industrial Enterprises of America, formerly known as Advanced Bio/Chem, Inc., was founded in 1974 and is headquartered in New York, New York. With 13.30 million shares outstanding and 767,200 shares declared short as of May 2007, there is no longer a failure to deliver in shares of IEAM.

[buddjas1]

Yesterday did not feel like a rally.  Let's hope for some follow-through.

[la-onda]

last but not least IEAM has launched their new website:

http://industrialenterprisesinc.com/

hope that some news will come out soon
buddjas1, still holding all your shares?

cheers
Oliver 

[buddjas1]

buddjas1, still holding all your shares?

yes; still patiently holding. 

[brandyjoco]

I am also holding about 3000 shares....

[buddjas1]

On fire. Finally.  Up 7+%.

[buddjas1]

415,000 more shares for Pike.

http://www.sec.gov/Archives/edgar/data/1059677/000101359407000333/xslF345X02/industrialfm4-061807_ex.xml