-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BsDgW6ehshrP/rP4NCHUVLOSMGDH5aifG3DvahPP6M6yee7jO2IgWL5NMUOoHxNm YdRXU5qOFND4823oF4W3FQ== 0000898432-07-000285.txt : 20070326 0000898432-07-000285.hdr.sgml : 20070326 20070326160415 ACCESSION NUMBER: 0000898432-07-000285 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070326 DATE AS OF CHANGE: 20070326 GROUP MEMBERS: ALYDAR CAPITAL, LLC GROUP MEMBERS: ALYDAR PARTNERS, LLC GROUP MEMBERS: ALYSHEBA FUND, L.P. GROUP MEMBERS: ALYSHEBA FUND, LIMITED GROUP MEMBERS: ALYSHEBA QP FUND, L.P. GROUP MEMBERS: JOHN A. MURPHY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Industrial Enterprises of America, Inc. CENTRAL INDEX KEY: 0001059677 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS PRODUCTS OF PETROLEUM & COAL [2990] IRS NUMBER: 133963499 STATE OF INCORPORATION: NV FISCAL YEAR END: 0606 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-80377 FILM NUMBER: 07718191 BUSINESS ADDRESS: STREET 1: 711 THIRD AVENUE, SUITE 1505 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: (212) 490-3100 MAIL ADDRESS: STREET 1: 711 THIRD AVENUE, SUITE 1505 CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: ADVANCED BIO/CHEM INC DATE OF NAME CHANGE: 20030708 FORMER COMPANY: FORMER CONFORMED NAME: CIRO INTERNATIONAL INC DATE OF NAME CHANGE: 19991229 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ALYDAR PARTNERS LLC CENTRAL INDEX KEY: 0001279895 IRS NUMBER: 161640417 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 222 BERKELEY STREET STREET 2: 17TH FLOOR CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 6176463500 SC 13G 1 alydar13g.txt ------------------------------- OMB APPROVAL ------------------------------- OMB Number: 3235-0145 Expires: February 28, 2009 Estimated average burden hours per response: 10.4 ------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ________)* Industrial Enterprises of America, Inc. --------------------------------------------------------- (Name of Issuer) Common Stock --------------------------------------------------------- (Title of Class of Securities) 456132109 --------------------------------------------------------- (CUSIP Number) March 16, 2007 --------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ X ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). - -------------------------------------------------------------------------------- CUSIP No. 456132109 - -------------------------------------------------------------------------------- 1. Names of Reporting Person Alydar Capital, LLC I.R.S. Identification Nos. of above persons (entities only) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) X (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power: 0 Shares ---------------------------------------------------------------- Beneficially 6. Shared Voting Power: 241,056 Owned by ---------------------------------------------------------------- Each 7. Sole Dispositive Power: 0 Reporting ---------------------------------------------------------------- Person With 8. Shared Dispositive Power: 241,056 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person. 241,056 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions). - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 1.87% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IA - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP No. 456132109 - -------------------------------------------------------------------------------- 1. Names of Reporting Person: Alydar Partners, LLC I.R.S. Identification Nos. of above persons (entities only) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) X (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power: 0 Shares ---------------------------------------------------------------- Beneficially 6. Shared Voting Power: 800,000 Owned by ---------------------------------------------------------------- Each 7. Sole Dispositive Power: 0 Reporting ---------------------------------------------------------------- Person With 8. Shared Dispositive Power: 800,000 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person. 800,000 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions). - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 6.20% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IA - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP No. 456132109 - -------------------------------------------------------------------------------- 1. Names of Reporting Person Alysheba Fund, L.P. I.R.S. Identification Nos. of above persons (entities only) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) X (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power: 8,965 Shares ---------------------------------------------------------------- Beneficially 6. Shared Voting Power: 0 Owned by ---------------------------------------------------------------- Each 7. Sole Dispositive Power: 8,965 Reporting ---------------------------------------------------------------- Person With 8. Shared Dispositive Power: 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person. 8,965 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions). - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) .069% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP No 456132109 - -------------------------------------------------------------------------------- 1. Names of Reporting Person Alysheba QP Fund, L.P. I.R.S. Identification Nos. of above persons (entities only) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) X (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power: 232,091 Shares ---------------------------------------------------------------- Beneficially 6. Shared Voting Power: 0 Owned by ---------------------------------------------------------------- Each 7. Sole Dispositive Power: 232,091 Reporting ---------------------------------------------------------------- Person With 8. Shared Dispositive Power: 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person. 232,091 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions). - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 1.80% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP No. 456132109 - -------------------------------------------------------------------------------- 1. Names of Reporting Person Alysheba Fund Limited I.R.S. Identification Nos. of above persons (entities only) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) X (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Cayman Islands - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power: 558,944 Shares ---------------------------------------------------------------- Beneficially 6. Shared Voting Power: 0 Owned by ---------------------------------------------------------------- Each 7. Sole Dispositive Power: 558,944 Reporting ---------------------------------------------------------------- Person With 8. Shared Dispositive Power: 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person. 558,944 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions). - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 4.33% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) OO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP No 456132109 - -------------------------------------------------------------------------------- 1. Names of Reporting Person John A. Murphy I.R.S. Identification Nos. of above persons (entities only) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) X (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: United States - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power: 0 Shares ---------------------------------------------------------------- Beneficially 6. Shared Voting Power: 800,000 Owned by ---------------------------------------------------------------- Each 7. Sole Dispositive Power: 0 Reporting ---------------------------------------------------------------- Person With 8. Shared Dispositive Power: 800,000 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person. 800,000 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions). - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 6.20% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- ITEM 1. (a) Name of Issuer: Industrial Enterprises of America, Inc. (b) Address of Issuer's Principal Executive Offices: 711 Third Avenue, Suite 1505, New York, New York 10017 ITEM 2. (a) Name of Person Filing: John A. Murphy, an individual, is managing member of Alydar Capital, LLC and Alydar Partners, LLC, both Delaware limited liability companies. Alydar Capital, LLC is the general partner of Alydar Fund, L.P., Alydar QP Fund, L.P., Alysheba Fund, L.P., and Alysheba QP Fund, L.P. Alydar Partners, LLC is the investment manager of Alydar Fund, L.P., Alydar QP Fund, L.P, Alydar Fund Limited, Alysheba Fund, L.P., Alysheba QP Fund, L.P., and Alysheba Fund Limited. (1) (b) Address of Principal Business Office or, if none, Residence: 222 Berkeley Street, 17[th] Floor, Boston, MA 02116 (c) Citizenship (d) Title of Class of Securities: Industrial Enterprises of America, Inc., Common Stock (e) CUSIP Number: 456132109 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO sections 240.13D-1(b) OR 240.13D-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: N/A (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with section 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) Group, in accordance with section 240.13d-1(b)(1)(ii)(J). ________________________ (1)John A. Murphy disclaims beneficial ownership of the securities. ITEM 4. OWNERSHIP. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: Alydar Capital, LLC: 241,056 shares Alydar Partners, LLC: 800,000 shares Alysheba Fund, L.P.: 8,965 shares Alysheba QP Fund, L.P.: 232,091 shares Alysheba Fund Limited: 558,944 shares John A. Murphy(2): 800,000 shares (b) Percent of class: 6.20% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote. 0 (ii) Shared power to vote or to direct the vote. 800,000 (iii) Sole power to dispose or to direct the disposition of. 0 (iv) Shared power to dispose or to direct the disposition of. 800,000 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. N/A ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. N/A ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: N/A ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP N/A ITEM 9. NOTICE OF DISSOLUTION OF GROUP N/A ________________________ (2) John A. Murphy disclaims beneficial ownership in the securities. ITEM 10. CERTIFICATION By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: March 23, 2007 ALYDAR CAPITAL, LLC /s/ Paul J. Pitts - ----------------------------------------------------------------------------- By: Paul J. Pitts, Attorney-in-Fact for John A. Murphy, its Managing Member ALYDAR PARTNERS, LLC /s/ Paul J. Pitts - ----------------------------------------------------------------------------- By: Paul J. Pitts, Attorney-in-Fact for John A. Murphy, its Managing Member ALYSHEBA FUND, L.P. By: ALYDAR CAPITAL, LLC, its General Partner /s/ Paul J. Pitts - ----------------------------------------------------------------------------- By: Paul J. Pitts, Attorney-in-Fact for John A. Murphy, its Managing Member ALYSHEBA QP FUND, L.P. By: ALYDAR CAPITAL, LLC, its General Partner /s/ Paul J. Pitts - ----------------------------------------------------------------------------- By: Paul J. Pitts, Attorney-in-Fact for John A. Murphy, its Managing Member ALYSHEBA FUND LIMITED /s/ Paul J. Pitts - ----------------------------------------------------------------------------- By: Paul J. Pitts, Attorney-in-Fact for John A. Murphy, its Director -----END PRIVACY-ENHANCED MESSAGE-----