Iron Eagle Group, Inc.(fka IEAG)

[Renee]

IEAG revoked:

http://www.sec.gov/litigation/admin/2015/34-74944.pdf

[Renee]

IEAG: SEC Admin Law Judge Order:

http://www.sec.gov/alj/aljorders/2015/ap-2432.pdf

[Renee]

IEAG SEC Suspension for Financials delinquencies:

http://www.sec.gov/litigation/suspensions/2015/34-74367.pdf

Order:

http://www.sec.gov/litigation/suspensions/2015/34-74367-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2015/34-74366.pdf

[beachsideeddy2]

Another bust that the use of the tiniest bit of Thinking Skills could have avoided with ease! HAHHAHAHAHAHAHAHAHAHA

[BORN AGAIN]

they are coming back tomorrow

[choateandharvard]

TOTAL SCAM. its been a scam for 3 years and continues to be. no Press releases ever come to anything. TOTAL SCAM. Borders special

[Kobe Ginobili]

QB 20k 3mo. avg vol.

Contact Info
61 West 62nd Street
Suite 23F
New York, NY 10023

Website: http://www.ironeaglegroup.com
Phone: [phone]
Email: [e-mail]

Update Company Info
Business Description
Iron Eagle provides construction and contracting services in both the commercial and government markets. Iron Eagle's management consists of experts in construction, government contracting, defense, finance, operations, and business development. Management has put together a compelling strategic plan to capitalize on the large market opportunity created by the federal government's stimulus package as well as funds that are flowing down to the state level for projects throughout the United State...

More >>

Financial Reporting/Disclosure
Reporting Status SEC Filer
Audited Financials Not Available
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001043825
Fiscal Year End 12/31
OTC Market Tier OTCQB
Profile Data
SIC - Industry Classification 1090 - Miscellaneous Metal Ores
Incorporated In: DE, USA
Year of Inc. 1995
Employees 130 a/o Feb 01, 2011
Company Officers
Jason Shapiro CEO, CFO
Jed Sabio EVP, Corp. Dev.
Company Directors
Joseph E. Antonini Chairman
Gary J. Giulietti
Jason Shapiro
Company Notes
Formerly=Pinnacle Resources, Inc. until 4-2010
Service Providers
Auditor/Accountant
Marcum LLP
750 Third Ave
New York, NY, 10017
United States

Legal Counsel
Jody Walker, Esq.
7841 South Garfield Way
Centennial, CO, 80122
United States

Investor Relations Firm
Not Available
IEAG Security Details
Share Structure
Market Value1 $3,812,478 a/o Sep 21, 2012
Shares Outstanding 7,780,568 a/o Aug 23, 2012
Float Not Available
Authorized Shares Not Available
Par Value 0.00001
Shareholders
Shareholders of Record 300 a/o Aug 02, 2012
Security Notes
Capital Change=shs decreased by 1 for 40 split Pay date=07/13/2010.
Capital Change=shs decreased by 1 for 8 split. Pay date=08/16/2011.
Short Selling Data
Short Interest 500 (100%)
Aug 31, 2012
Significant Failures to Deliver No
Transfer Agent(s)
Corporate Stock Transfer, Inc.

[choateandharvard]

this is a BORDERS/ANTEBI superscam. This POS is a dilution and lying scam. They obviously got some money to pay IHUB they are advertising it on their website!!!!!!!!ANTEBI was in on MLKNA. How did that one work for shareholders? THEY GOT MURDERED

[choateandharvard]

oh hi!!!! I noticed that IHUB is getting paid to advertise this POS!!!!!! I just had it show up on my screen!!!!!!I cant believe you are already here!!! this is a "BORDERSCAM" special!!!!!I just told Cass and CBM

[Flexologist]

I went to place a sell order, but got a message saying I must call it in. That's never a good sign. My broker then told me this was due to the R/S approaching on 8/16. Hope folks invested here are reading this, as now is the time to bail, IMO.

[beachsideeddy2]

HA! You are one of the few people on the hub I have ever met that has a lick of sense. Good luck to you.

[Flexologist]

I sold out today. Etrade confirmed a R/S set for August 16th.

[Flexologist]

You may be right and it's clear you've followed this stock longer than I, but that said, someone's buying!

[beachsideeddy2]

Every year this POS comes out with the same 'news'. They bought some company that Antebi has already contractually ripped the heart out of in order to try pumping this turd. I'm sure he also has a string of dumb private investors he sells these deals to for their capital investment. Like Trump, Antebi eats like a king while everyone he touches with these deals starves! But as you can see by the lack of interest, no one believes in his hot air anymore.

[Flexologist]

Did you read the acquisition news?

[gold56]

how?

[Flexologist]

$IEAG ~ SOMETHING IS BREWING HERE!

[Flexologist]

- Current report filing (8-K)

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act

July 19, 2012
Date of Report (Date of Earliest Event Reported)


Iron Eagle Group, Inc.
--------------------------------------------
(Exact name of registrant as specified in its charter)


Delaware

0-22965

27-1922514
(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification Number)

61 West 62nd Street, Suite 23F


New York, New York

10023
(Address of principal executive offices)

(Zip Code)

[phone]
------------------------------------------
(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Item 1.01 Entry into a Material Definitive Agreement

York River Electric Group, LLC share purchase agreement
On July 19, 2012, the registrant, York River Electric Group, LLC, a Delaware limited liability company and wholly owned subsidiary of Iron Eagle, York River Electric Inc., a Virginia domestic corporation, Cathy McQuade, a Virginia resident, and Mark Bryan, a Virginia Resident, entered into a share purchase agreement. Cathy McQuade and Mark Bryan collectively own 100% of the issued and outstanding shares of York River Electric Inc. and are the sellers in this agreement. Iron Eagle and York River Electric Group are the buyers in this agreement.

Purchase Price. The aggregate purchase price to be paid by the registrant for the shares shall consist of (i) $8,500,000 dollars, transferred into an account designated by the seller at the closing, (ii) the assumption of all debt and liabilities of York River Electric, Inc., and (iii) equity to the sellers in the form of Iron Eagle common stock.

Equity to Seller. Within 30 days of the closing, Iron Eagle will issue restricted common shares to the sellers with a value of $3,000,000 (based upon the 30 day volume weighted-average price of Iron Eagle for the period spanning that 30 day period following the closing). For the 4 years following the closing, the sellers shall not be permitted to sell, transfer or assign more than 25% of the Iron Eagle restricted common shares during any particular 12 month period. The shares shall contain an appropriate legend reflecting these restrictions.

Purchase Price Adjustment. On the closing date, the sellers shall deliver a statement to the buyer setting forth York River Electric Inc.’s working capital as of the closing date. Within 30 days of the closing date, they will deliver a final working capital statement setting forth York River Electric Inc.’s actual working capital as of the closing date, as certified by the chief operating officer and the chief financial officer of York River Electric Inc. This final statement is subject to review by the buyer, and the sellers will grant the buyers reasonable access to all materials and people used in connection with the preparation of the final working capital statement. In the event that the working capital of the company is less than $3,750,000 as of the closing date, the cash consideration and the purchase price shall be reduced by the difference between the $3,750,000 and the actual working capital.

Collectibility of Accounts. In the event that any of the accounts receivable, retainage receivable, or other assets related to any and all of York River Electric Inc.’s construction projects which were (i) completed and billed in full on a date prior to the date which is nine months following the closing date, and (ii) is included in the calculation of the final working capital statement, remain unpaid as of the 9 month date mentioned above, York River Electric Inc. and the sellers, jointly and severally, agree to pay Iron Eagle a post-closing adjustment to the purchase price equal to the excess of the sum of the aggregate face amount of accounts receivable not so collected or so collectible, and the aggregate retainage and other assets not so collected or so collectible over the amount of any and all accounts receivable, retainage receivables and other assets not appearing on the final working capital statement, but which are collected by the buyers after the closing, if any. The buyers agree that they will use commercially reasonable best efforts to collect the accounts receivable during the nine month period following the closing date.

Item 3.02 Unregistered Sales of Equity Securities

See Item 1.01







ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

Exhibits
No.
Description
---------
-----------
Ex 10.1
York River Share Purchase Agreement entered into on July 19, 2012 between Iron Eagle Group, Inc., York River Electric Group, LLC, York River Electric Inc., Cathy McQuade and Mark Bryan.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

Iron Eagle Group, Inc.


By: /s/ Jason M. Shapiro
------------------------
Jason M. Shapiro
Chief Financial Officer


Dated: July 26, 2012

[Flexologist]

Iron Eagle Announces Execution of Definitive Agreement to Acquire Virginia-Based Electrical & General Contractor


Iron Eagle Group, Inc. (OTCQB: IEAG) (PINKSHEETS: IEAG), a construction and contracting services provider in the infrastructure, commercial, and government markets, today announced that it has signed a definitive agreement to acquire 100% of York River Electric Inc., an electrical and general contractor serving clients in Virginia, Maryland, North Carolina, and Pennsylvania. For the year ending December 31, 2011, York River generated over $35,000,000 in revenue and ~$4,000,000 in EBITDA. As of June 30, 2012, York River had backlog of over $21,000,000. The closing is subject to financing and the aggregate upfront purchase price to be paid by Iron Eagle shall consist of cash and Iron Eagle equity.
Founded over 25 years ago, York River Electric is a Virginia-based full service construction management services for general and specialized construction projects. They are a specialized multi-faceted electrical contractor, performing primary (high) voltage electrical work involving cables, as well as the construction and/or renovation of electrical substations. York River Electric has built a solid reputation with both institutional and government clients, including the Pentagon, NASA, Navy and Army bases, Green Mountain Coffee, and national accelerator facilities across a number of states including serving clients in Virginia, Maryland, North Carolina, and Pennsylvania.

As part of the transaction, Iron Eagle will sign a five year employment agreement with Cathy McQuade and Mark Bryan, who are the 100% owners, to continue in leadership positions as President and Operations Manager of York River and also become part of Iron Eagle's Executive Advisory Committee.

Jason Shapiro, Iron Eagle's CFO, commented, "York Electric is a proven regional leader, with a strong and growing backlog, a culture of excellence, and a dedicated management team. We believe that York will create significantly added value and growth for Iron Eagle."

Cathy McQuade, President of York Electric, added, "We believe that Iron Eagle has the right strategy and right team for success, and we are proud to join the Iron Eagle team." For more information on York Electric, please visit www.yorkriverelectric.com.

About Iron Eagle Group, Inc.

Iron Eagle is an infrastructure company dedicated to rebuilding America's infrastructure. Iron Eagle provides construction and contracting services in commercial and government markets. Iron Eagle's management consists of business leaders in construction, government contracting, defense, finance, operations, and business development. Management has a compelling strategic plan to capitalize on the annual $100 billion market opportunity in infrastructure construction created by government spending at the federal, state, and municipal levels throughout the United States. Through the experience and track records of its management team, along with a strong and diversified balance sheet, Iron Eagle believes it will have a major competitive advantage in being able to provide higher levels of construction surety bonds through its sureties to support its performance on infrastructure projects. Iron Eagle will further target additional growth opportunities through the highly focused bidding of federal, state, and municipal construction projects as subcontractor to some of the multi-billion dollar prime contractors in the United States. Additionally, Iron Eagle expects to grow by making accretive acquisitions in segments of its industry with large growth potential.

For more information, please visit Iron Eagle's website at www.ironeaglegroup.com.

Safe Harbor Statement

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions.

Company Contact:

Iron Eagle Group, Inc.

Mr. Jason M. Shapiro, CFA, CPA, J.D.

Chief Financial Officer

Phone: [phone]

Email: [e-mail]

Website: www.ironeaglegroup.com

[Flexologist]

$IEAG ~ juicy news, someone slowly accumulating the past 3 days and it's flying under the radar!!!

[Flexologist]

News falling on deaf ears ~ don't miss this play.

$IEAG

[Flexologist]

NEWS THIS WEEK IS HUUUGGGEE!!!

[Flexologist]

IEAG ~ NEWS IS HUGE! IM IN!!!!

[beachsideeddy2]

Just checking in on another Antebi septic tank. Yup. Still smells like one! LOL

[Kop]

http://www.sec.gov/Archives/edgar/data/1043825/000101489712000015/ironeagle8k121311.htm

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549




FORM 8-K




Current Report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act




December 13, 2011

Date of Report (Date of Earliest Event Reported)







Iron Eagle Group, Inc.

--------------------------------------------

(Exact name of registrant as specified in its charter)








Delaware

0-22965

27-1922514

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification Number)






61 West 62nd Street, Suite 23F



New York, New York

10023

(Address of principal executive offices)

(Zip Code)





[phone]

------------------------------------------

(Registrant's telephone number, including area code)




Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))








Item 1.01 Entry into a Material Definitive Agreement




Tru-Val Electric Group, LLC share purchase agreement

On February 7, 2012, the registrant and Tru-Val Electric Group, LLC, a Delaware limited liability company and wholly owned subsidiary of the registrant entered into a share purchase agreement with Tru-Val Electric Corp. and Christopher Totaro. Mr. Totaro owns 100% of the common shares of Tru-Val Electric Corp.




Purchase Price. The aggregate purchase price to be paid by the registrant for the common shares shall consist of (i) the assumption of debt; (ii) equity to Mr. Totaro in the form of common shares of the registrant and (iii) the preferred equity subject to the adjustment:




Assumption of Debt. At closing, registrant shall assume certain debt and liabilities from Tru-Val Electric Corp. totaling approximately seven million ($7,000,000.00) dollars.




Equity to Mr. Totaro. At closing, the registrant shall issue its restricted common shares to Mr. Totaro, or Mr. Totaro’s designee, such that Mr. Totaro, or said designee, shall own forty percent (40%) of the total issued and outstanding stock of the registrant. At closing, Mr. Totaro’s common shares of the registrant shall be subject to the following restrictions:




Fifty percent (50%) of the common shares may not be sold to a third party purchaser for value for a period of twelve (12) months following the anniversary of the closing date; and




The remaining fifty (50%) percent of Mr. Totaro’s common shares may not be sold to a third party purchaser for value for a period of twenty-four (24) months following the anniversary of the closing date.




Preferred Equity. In addition to Mr. Totaro’s common shares, at closing, the registrant shall issue to Mr. Totato’s, or his designee, preferred shares in the registrant equal to one million ($1,000,000.00) dollars of such preferred shares.




Preferred Equity Adjustment. The debt difference shall be defined as seven million ($7,000,000.00) dollars less the actual assumed debt of Tru-Val Electric, as set forth in the final debt statement. The preferred equity shall be adjusted by the amount of the debt difference. Notwithstanding anything contained herein to the contrary, at closing, the preferred equity increase shall not be less than $1,000,000.00.




Conversion Agreement

On January 27, 2012, the registrant entered into a conversion agreement with Jason M. Shapiro, Belle Haven Partners LLC, Jake A. Shapiro as president of Belle Haven, Joseph E. Antonini, Gary J. Giulietti, Jed M. Sabio, and Edward M. English.




Pursuant to the agreement, the above individuals agreed to convert the following amounts owed to them by the registrant into common shares at a conversion price of $0.25 per common share.




Jason M. Shapiro
$408,750 into 1,635,000 common shares

Belle Haven
$659,439 into 2,637,756 common shares

Joseph E. Antonini
$59,555 into 238,219 common shares

Gary J. Giulietti
$69,555 into 278,219 common shares

Jed M. Sabio $48,500 into 194,000 common shares




Share issuance pursuant to English Employment Agreement. Pursuant to the English employment agreement dated December 13, 2011 and other agreements between registrant and Ed English, the registrant agreed to issue 884,015 shares to Ed English. In addition, as a performance bonus, Iron Eagle will issue English 1,037,409 shares upon the next acquisition of a company by Iron Eagle.







Item 3.02 Unregistered Sales of Equity Securities




See Item 1.01




Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointments of Certain Officers; Compensatory Arrangements of Certain Officers




On December 13, 2011, the registrant appointed Edward English as its chief executive officer and its fourth board member.




Effective December 13, 2011, Jason M. Shapiro voluntarily resigned as chief executive officer due to the changing needs of the registrant.




On December 13, 2011, Edward English was appointed to serve as a director of the registrant until the next annual meeting of the shareholders.




Ed English is a third generation contracting executive with thirty years’ construction experience, performing chairman and chief executive officer duties, as well as field operation, corporate operation, and corporate governance functions. At the age of twenty-two, Mr. English founded Fourth Avenue Enterprise Piping Corp., a mechanical contractor specializing in all aspects of NYC public construction markets including higher education, corrections, firehouse, housing, and NYC DEP projects. In 2000, Mr. English sold Fourth Avenue to KeySpan Energy Corporation, a New York public utility, and took up an executive position with KeySpan. While at KeySpan, Mr. English was promoted to overseeing operations of KeySpan’s eight major east coast mechanical contractors.




When KeySpan decided to exit the construction energy-services sector, Mr. English was part of a three member management group which repurchased WDF, Inc., a Mount Vernon, NY plumbing and mechanical contractor, and one of the largest KeySpan mechanical contractors. He assumed the role of its president until 2006, when he left to take the chairman position at Tru-Val Electric Corp., responsible for business development, growing and creating both industry and customer relationships, bidding and workflow direction, operational procedures, and instituting/executing corporate strategy. After achieving the agreed-upon goals at Tru-Val, Mr. English used his expertise to become an operations consultant to the construction industry.




Mr. English has been a board member, and past president, of the Mechanical Contractors Association of New York. He has served as an Industry Trustee for the Steamfitters Local 638 Pension Plan and Welfare Fund, is a former Treasurer of the NYC Subcontractors Trade Association and a past member of the BTEA Board of Governors. Mr. English was given the Life Organization’s prestigious “Construction Industrial Achievement Award” in 2001 for his industry achievements.




Ed English Employment Agreement




On December 13, 2011, the registrant entered into an employment agreement with Edward English that is effective as of December 13, 2011 and expires on September 30, 2015, unless previously terminated by either party. Purchase to the employment agreement, Mr. English agreed to serve as our chief executive officer.




a.
Accrued Compensation. Notwithstanding anything else in the Agreement, Mr. English and registrant agree that Mr. English’s compensation, severance, auto allowance, and /or other benefits will accrue from the start date until the registrant closes the acquisition of Tru-Val Electric Corporation, a New York corporation and completes the Tru-Val funding. In the event Mr. English terminates the agreement in accordance with the provisions of Section 1(b)(4) of the agreement, and in such event, the registrant shall have no obligation to make any payment to Mr. English, whether compensation, severance, auto allowance, and/or other benefits defined in the agreement.




b.
Signing Bonus. The registrant will pay Mr. English a signing bonus in cash of $60,000.




c.
Base Compensation. The registrant will pay Mr. English an annual gross base salary in cash as per the following schedule, which shall be payable at least semi-monthly:

(i) Start Date through December 31, 2012: Two Hundred Fifty Thousand ($250,000.00) Dollars;

(ii) January 1, 2012 through December 31, 2013: Three Hundred Thousand ($300,000.00) Dollars;

(iii) January 1, 2013 through December 31, 2014: Three Hundred Fifty Thousand ($350,000.00) Dollars; and

(iv) January 1, 2014 through September 14, 2015: Four Hundred Thousand ($400,000.00) Dollars.




d.
Guaranteed Annual Bonus Pool Compensation. Commencing April 1st and ending March 31st each year during the term, the registrant shall pay to Mr. English (not later than ninety (90) days next following the expiration of each anniversary year) fifty (50%) percent of the bonus pool, which such bonus pool shall equal ten (10%) percent of the consolidated pre-tax income of the registrant earned in the anniversary year then ending (before deduction for any payment from such bonus pool. Mr. English’s guarantee annual bonus pool compensation shall not exceed five hundred thousand ($500,000.00) dollars without the approval of the board of directors, voting to the exclusion of Mr. English, who shall not be entitled to vote thereon.




e.
Additional Bonuses. In addition to the annual bonus pool compensation, the registrant shall pay to Mr. English a completion bonus on the closing of the Tru-Val funding in the amount of two hundred fifty thousand ($250,000.00) dollars. In addition thereto, the registrant shall pay to Mr. English such additional bonuses (payable in cash and/or common shares of the registrant) at such time(s), in such amount and upon such terms as shares of common shall be determined in the sole discretion of the compensation committee of the board of directors and ratified by the board (with Mr. English abstaining from any such vote).




f.
Equity. Effective as of the start date, Mr. English shall be granted restricted common stock of the registrant, such that Mr. English shall own fifteen (15%) percent of the total issued and outstanding stock of the registrant. For a period of three (3) months after the start of the agreement, no material dilution thereof may occur without Mr. English’s prior written consent. Thereafter, material dilution of Mr. English’s equity may occur only in the event, and to the extent, of the dilution of the equity interests of all other shareholders of the registrant existing as of the date of the proposed material dilution. This common stock shall vest over a twenty (24) month period, on a straight line basis (i.e., 1/24 per month).




g.
Incentive Stock Options. Mr. English shall be entitled to participate in such stock options or incentive stock compensation as shall be established from time to time by the board of directors. The time, amount and grant of options shall be in the sole discretion of the board of directors based upon Mr. English’s performance on an annual basis.














ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS




Exhibits

No.
Description

---------
-----------

Ex 10.1
Tru-Val Share Purchase Agreement entered into of February 7, 2012 between Iron Eagle Group, Inc., Tru-Val Electric Group, LLC, Tru-Val Electric Corp., and Christopher Totaro.




Ex 10.2
Conversion Agreement dated January 27, 2012 between Iron Eagle Group, Inc., Belle Haven Partners LLC, Joseph E. Antonini, Gary J. Giulietti, Edward M. English, and Jed M. Sabio.




Ex 10.3
Employment Agreement made December 13, 2011 for Edward English.




Ex 99:
Tru-Val Electric press release




SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.




Iron Eagle Group, Inc.







By: /s/ Jason M. Shapiro

------------------------

Jason M. Shapiro

Chief Financial Officer







Dated: February 8, 2012

[CharlesNet]

Sounds like that was a good move on your part. Hope IEAG can get going now.

[dayneyus]

I did some accumulating after the RS because the O/S was so low, just the shell value was compelling.
There is an other symbol i accumulate isO/S 35000 shares, NCRD, if the the majority shareholders ever want to merge it could be a good trade with little $ sitting dead.

[CharlesNet]

They haven't even updated OTCMarkets with the correct information. Still showing 21 Million shares outstanding and a Yield sign.

[CharlesNet]

Yeah, seems that way but that also creates a lot of potential swings in volatility. Nice to see some Buying pressure coming in today, that's for sure.

This thing needs to get to $10 per share just to get back to where the Brothers started telling their tall tails before the reverse split.

[dayneyus]

I can't see how they can miss with such a low O/S, at least the volatility will make me money. i hope.

[CharlesNet]

AMAZING isn't it? I hope those brothers can finally do something right and get IEAG back to trading at a decent level. They are like the Keystone Cops with the moves they have made over the past year.

[dayneyus]

IEAG Heads up CharlesNet;is acquiring 100% of Tru Val Electric Corporation for stock. Only 1.5 million shares O/S. No brainier here, acquiring @ .12


http://www.otcmarkets.com/stock/IEAG/news

[beachsideeddy2]

4 cents, huh, Joe. Guess Antebi ripped you apart when he promised to get you back into the game. How much did you lose, Joe, trying regain the pride you lost to the bottle decades ago? LOLOLOL

[beachsideeddy2]

Nice going, Joe. Get you head of of the jug yet? LOL

Yup. Guaranteed F L O P

[beachsideeddy2]

1995 - Joseph E. Antonini relinquished his post as chairman, president and chief ... Kmart filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

Nuff said. He bankrupted K-mart. HA!!! I love it when the serious failures are never mentioned!!! Makes it all the funnier.

[CharlesNet]

What about him? He looks pretty strong to me....
Joseph E. Antonini
Chairman of the Board of Directors

Joseph E. Antonini has over 40 years of experience in leadership, business strategy, driving growth, improving operations, hiring and training executive talent, and corporate governance. Joe is the former Chairman, President and CEO of Kmart Corporation, and has actively led and served on corporate boards of a wide diversity industry leaders such as Shell Oil (Energy), Chrysler (Automotive), Kmart (Retail), and NBD Bank (Financial), and several non-profits.

At Kmart, Antonini rose from a management trainee at the then S.S. Kresge Company in 1964, to Chairman of the giant retail chain in 1987. He is credited with leading Kmart into a new era by launching a store renewal program of unparalleled scope in retail history. This included expansion of the retailer’s specialty store concepts, along with introduction of the Kmart Super Center, both contributors to setting new sales and profit records.

Joe emphasized meeting customer needs and wants by providing quality merchandise at competitive prices, along with state-of-the art technology, to enhance customer service and increase the company’s profitability. He improved order shipment delivery from 10-14 days to less than 48 hours. He spearheaded dramatic efforts to redefine Kmart’s market image and restructure the Company to offer more on-trend merchandise and attract a new customer base. As Chairman, he emphasized several themes as the framework for Kmart’s growth strategy: consistent profitability, investment in infrastructure, technology and distribution systems and a store renewal/modernization of unparalleled scope.

Antonini engineered the expansion and growth of Kmart Specialty Division, the largest multi-specialty group in the world, consisting of Sports Authority, Office Max, Payless Drugstores, Builder’s Square, Borders/Walden Book Group, and Warehouse Clubs. Joe successfully introduced Martha Stewart, purchased The Sports Authority when it was only a 10-store chain, bought OfficeMax, and acquired Borders, Inc., when it was only a 22-store chain. These were all significantly grown and eventually successfully IPO’ed.

Joe has also served on the Board of Directors of Shell Oil Company, Chrysler Corporation, Polaroid Corporation, Ziebart International, NBD Bank (ultimately acquired and merged into Bank One and then JPMorgan Chase), Michigan Bell, Economic Club of Detroit, and as a Trustee for the National Italian American Foundation and Antonini currently servers on the Board of Directors Andretti Wine Group. Joe has been awarded key positions that include Chairman of the National Retail Federation and the National Minority Supplier Development Council and is a recipient of the Horatio Alger Award. A native of West Virginia, Joe holds a Bachelor of Science degree from West Virginia University. Joe was recognized by the University as its most distinguished alumni.

[Mikey]

IEAGD on watch for the 'D' to come off next month.......check out the chairman of the board........

[CharlesNet]

It is my understanding that they need the share price at a higher valuation to finance acquisitions. I have heard that they have hired a new IR/PR company so information should be coming in. The Float was low before and now it is ridiculously low so we will see about how well their strategy works.

[dayneyus]

thank you, by the way can you fill me in on the rational behind the RS? They had such a small OS and float I see in the merger they contemplated issuing more share for acquisition purposes?

[loss-pro]

first twenty days after a split symbols have and added D. so it´s IEAGD.

[CharlesNet]

Currently it is IEAGD

[dayneyus]

What is the new trading symbol IEAG shows no trading.

[loss-pro]

anyone affected by this?:

Following the reverse split, the number of our stockholders of record will remain approximately 167, as any of our stockholders with less than one hundred shares will remain with the same number of shares afterwards, and any shareholder that has between 100 to 799 shares immediately prior the reverse split will have one hundred shares post-split.

[CharlesNet]

Okay, will do.

[oldguy]

Charles: take a look at DSKX

[oldguy]

Hope you bought the IWEB. Take a look at DSKX. It is very intresting. Do a little DD and let me know what you think ? I am not very computer savvy.

[oldguy]

I did, but not much. The first thing I saw was the 113,000,000 shares traded. It turned me off. Then I read the intro, all old and stale. I never bought a share. But thanks for pointing it out to me. Are you in IWEB ?

[CharlesNet]

Take a look at WNWG .

[oldguy]

They are all TURKEYS till they prove other wise. Take a look at PPWE. It is a little TURKEY that has suddenly attracted a new crowd. Like the MDGC guys, a step above the average penney player. Also they dig out all kinds of things. Looks intresting.

[CharlesNet]

Turkey? I think that will all change.