Industrial Enterprises of America Inc fka IEAM

[uranium-pinto-beans]

IEAM has $25 million left in its buyback program! Thats more than enough to buy back all the shares at today's close!

The Company plans to continue to buy back shares at a slow but consistent pace. The Company still has approximately $25 million left remaining in its buyback program.

According to CEO John Mazzuto, "We take our responsibility to provide complete and accurate financial information seriously and are taking proactive steps that we believe are appropriate under these circumstances. Given the current price of the Company's common stock, the Company will add additional debt over and above the $10 million recently added, to increase the pace of the share buyback as well as to expand operations."