IEAM

[la-onda]

fyi:
Insider Sale:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5054483



chart:

[buddjas1]

Bristol is not an insider.  Rather, Bristol received a ton of convertible notes in connection with prior fund-raising.  The Form 144, to which you refer, simply reflects the conversion of these notes into shares and the subsequent sale of those shares.  The last selling occured on July 3.

This is not a Form 4 noting "insider selling."

Come on la-onda (gotta help me out here).

[la-onda]

Bristol is not an insider.  Rather, Bristol received a ton of convertible notes in connection with prior fund-raising.  The Form 144, to which you refer, simply reflects the conversion of these notes into shares and the subsequent sale of those shares.  The last selling occured on July 3.

This is not a Form 4 noting "insider selling."

Come on la-onda (gotta help me out here).

buddjas1, I was misleaded by the topic from knobias, I apologize.
what a disappointing chart:

[buddjas1]

I got IEAM to clarify the "earnings" 4 million that misled everyone. 

http://biz.yahoo.com/bw/070720/20070720005241.html?.v=1

By the way, IEAM replaced Mazzuto as President.  He now is only CEO and appears to have only a figure head role.

I imagine that Pike threatened to replace the whole Board of Directors, unless they took this action.

[brandyjoco]

I got IEAM to clarify the "earnings" 4 million that misled everyone.

Wow - how are you able to contact them? do you know them?

[buddjas1]

No, I just called IR and told IR that the statement was misleading and told IR to issue a correction.  Dow Jones was actually reporting the $4 million in "earnings" as guidance of "net income."  So, IEAM did in fact need to issue clarification.  I'm sure that I was not the only person to let IR know of the problem.

[setravis]

Changed Ticker Symbol.......

"IEAME" is no longer valid. It has changed to IEAM. 

Which you all most likely already knew, but we will make note here
and in the Thread Title.......


Here is today's closing chart while I'm in this thread.......

[Trumpitall]

When is that 25 million dollar buyback going to start?   Today sure would be a good day. 

[buddjas1]

No kidding.  If 4 breaks, IEAM could see $2.85 and retest 1 year lows.  The $1s are not out the question.  It's amazing what lying to stockholders will do to a stock.

[Trumpitall]

I should've pulled all out.  I thought they would start buying some back and it least stop the free-fall.  Anybody heard anything? 

[la-onda]

still invested ?

Industrial Enterprises to Host Conference Call September 6, 2007
Wednesday, August 29, 2007 11:23ET

NEW YORK, Aug 29, 2007 (BUSINESS WIRE) -- Industrial Enterprises of America, Inc. (NASDAQ: IEAM), a specialty automotive aftermarket supplier, today announced that the Company will host a conference call on Thursday, September 6, 2007 at 9 a.m. During the call, Dan Redmond, President, will review the Company's operating plan for the remainder of 2007, and John Mazzuto, Chief Executive Officer, will provide an update with regard to the Company's capital structure, share repurchase program, new credit facilities, and CFO search. The call will also include a question and answer period.

[Trumpitall]

Yep still here, I took a big loss on some of my shares, but I've still got a bunch in at 4.79.

I saw that pop at the end of the day Friday.  I bet they are finally starting the buyback.

I'll be out on this run if there is any hint of bad news or lack of honesty in the conference call.  Too much shinanigans going on. 

Anyone else still holding on?

[jorgegr]

I'm also still holding hoping to cut muy loss

[buddjas1]

I am still in, as well, hoping to break even eventually. 

[Trumpitall]

Well, I don't know if you guys listened to the conference call, but the fact that the stock didn't move much should explain how it went. 

A couple things I noted.

1.  More shares oustanding, but plans in works to bring it down to 14 mill.

2.  China problems

3.  Some big purchase/deal might happen  (3 million shares of stock checked out for it), ,but now deal is in question and we don't know if it will happen or not. 

All in all, I felt it was pretty much a "no significant news" conference call, which in itself is a disappointment. 

I'm going to hang around because I can't see how this can go lower, but of course I said that at 4.7 as well.