quote:Originally posted by Baxt06: I don't agree with that either. You're suggesting collusion between the company and the market makers?
believe what you would like to believe. I would like to re-enter here again in a little when I believe it is the right time.
We all owe you for the heads up on this. Didn't mean anything by it...I know when I'm up big, I tend to look for reasons to sell instead of reasons to continue to hold. GLTA
Posts: 1053 | Registered: Mar 2006
| IP: Logged |
This came accross my desk yesterday late... ------------------------------------------ Industrial Enterprises of America, Inc. (IEAM) previously at $3.90 up 21% at $4.75 with 2,959,193 shares traded. (IEAM) has been heavily highlighted this month and today by Wall Street Resources. Industrial Enterprises of America, Inc. announced that the Company's Board of Directors has authorized the repurchase of up to $10 million of its common stock and equity-related securities, including convertible debentures and warrants, over the next nine months. The Company plans to utilize existing cash reserves and ongoing free cash flow to finance the share repurchases. Market conditions will influence the timing of the buyback and the number of shares repurchased. The program allows the company to repurchase its shares at its discretion.
Industrial Enterprises of America, Inc. is an automotive aftermarket supplier that specializes in the sale of anti-freeze, auto fluids, and other automotive additives & chemicals. In addition, it manufactures and sells packaged refrigerants for the automotive and dusting markets; and manufactures liquid and aerosol products. ============================================== Well told you boys I'd radar it, but I have to miss it, -other pic's are running and almost at my 100% (all but one!).
On top of the news above, your chart looks GREAT!!! I mean holy cow great!
posted
bid and ask are dropping. I'm kinda glad though, big gaps like that are hard to sustain. Even opening at 4.90 is a decent jump.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
-------------------- If your not on the edge of ur seat, sell it! Everything posted is my opinion! Posts: 992 | From: H-town | Registered: Nov 2006
| IP: Logged |
posted
No, looked like it quit trading around 10:50, but I see its picked back up. I was just wondering if it was halted to announce the move to the NASD board or something .
Posts: 1028 | From: Georgia | Registered: Jul 2005
| IP: Logged |
posted
Oh, I see the break you're talking about. Hadn't noticed. "halted" is a dirty word though!
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
Halted isn't a bad thing...suspended...that's the bad one. A halt can come for good news, like a move to another board or something.
Posts: 1028 | From: Georgia | Registered: Jul 2005
| IP: Logged |
posted
Ok, fair enough. Halted has a bad connotation for me. I see your points though.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
Not really sure whether this is go news or bad news. Either way it seems relevant.
Industrial Enterprises of America Announces Share Repurchase Program Print E-mail Enable live quotes RSS Digg it Del.icio.us Related **** Posts & Articles Last Update: 2:04 PM ET Dec 11, 2006
NEW YORK, Dec 11, 2006 (*********wire via COMTEX) -- Industrial Enterprises of America, Inc. (IEAM IEAM News , chart, profile, more
Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: ) a specialty automotive aftermarket supplier, today announced that the Company's Board of Directors has authorized the repurchase of up to $10 million of its common stock and equity-related securities, including convertible debentures and warrants, over the next nine months. The Company plans to utilize existing cash reserves and ongoing free cash flow to finance the share repurchases. The share repurchases will occur through open market purchases, privately negotiated transactions and/or transactions structured through investment banking institutions as permitted by securities laws and other legal requirements. Market conditions will influence the timing of the buyback and the number of shares repurchased. The program allows the company to repurchase its shares at its discretion. "Today's announcement reflects Industrial Enterprises' positive cash-flow outlook and our commitment to shareholder value," stated John Mazzuto, Chief Executive Officer of Industrial Enterprises of America. "Given our recent share price, we believe that a stock repurchase program represents an excellent investment for our shareholders."
posted
Um, Dude that's good news even though you're a day late posting it! Very good sign that we closed even today after a run up of 55% the two previous days. Lets hope for news to keep this train rollin! See everyone tomorrow...
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
| IP: Logged |
And yeah Repo, I'm very pleased with today's action. Tomorrow should be a telling day as well.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
Still no response to my email asking if the company has met the requirements to move to the NASD. My hunch is they have and they might not want to respond if they are close to the move. Holding nicely because no one wants to sell, it's still $2.20 below where it was previously trading ($7) before the drop. We all now know the drop was caused by a mistake in their quarterly filing, an ammended filing was submitted with the error fixed. Still too much upside not to jump in...JMHO
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
| IP: Logged |
quote:Originally posted by RichBy26: Thanks stock, that means they have meet all the requirements!!! Hopefully we get some news regarding that fact! Have you bought back in yet?
nope not yet....
look at DKAM thread...and check out the info from investorshub...
this is going to be huge in 2007!
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
| IP: Logged |
quote:Originally posted by RichBy26: I saw it, looks like a great play but I'm going to wait just a bit before I dive in.
you should have time...
i'm just excited about the upcoming prospects of it. There has been great reports about the quality of Trump Vodka..and the company has experienced management ready to take this to nasdaq, which is in their plans
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
| IP: Logged |
posted
yep, I'll see you over on that thread!! Back to IEAM, I'll post whatever the company sends me. Stock can you post your email from the company so we can see the entire message?
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
| IP: Logged |
posted
thanks stock, I remember you posted that a few pages back, I thought you were talking about a new email. Thanks anyway, I'll post what I get from them.
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
![[Wink]](wink.gif)
