-----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, UXp0Qopx3NSpDVmFMZEi3eAUstEk8esDYQCMLQj6U31oMp1a9cWogEBzgzaDTTRb Zir3VxxITb2BLF+pNKCYXw== 0001059677-06-000018.txt : 20060215 0001059677-06-000018.hdr.sgml : 20060215 20060214202904 ACCESSION NUMBER: 0001059677-06-000018 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060215 DATE AS OF CHANGE: 20060214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: POWER 3 MEDICAL PRODUCTS INC CENTRAL INDEX KEY: 0001063530 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH [8731] IRS NUMBER: 650565144 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-62195 FILM NUMBER: 06619374 BUSINESS ADDRESS: STREET 1: 3400 RESEARCH FOREST DR STREET 2: SUITE B2-3 CITY: THE WOODLANDS STATE: TX ZIP: 77381 BUSINESS PHONE: 281-466-1600 MAIL ADDRESS: STREET 1: 3400 RESEARCH FOREST DR STREET 2: SUITE B2-3 CITY: THE WOODLANDS STATE: TX ZIP: 77381 FORMER COMPANY: FORMER CONFORMED NAME: SURGICAL SAFETY PRODUCTS INC DATE OF NAME CHANGE: 19980924 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Industrial Enterprises of America, Inc. CENTRAL INDEX KEY: 0001059677 STANDARD INDUSTRIAL CLASSIFICATION: JEWELRY, SILVERWARE & PLATED WARE [3910] IRS NUMBER: 133963499 STATE OF INCORPORATION: NV FISCAL YEAR END: 0606 FILING VALUES: FORM TYPE: SC 13G 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 SC 13G 1 schd13g.htm ILNP OWNERSHIP OF POWER3 SHARES ILNP ownership of Power3 shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_________
 
SCHEDULE 13G

UNDER THE EXCHANGE ACT OF 1934


Power3 Medical Products
(Name of Issuer)
 
Common Stock, $.001 par value
(Title of Class of Securities)
 
73936A 10 3
(CUSIP Number)
12/31/05
(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)
 







 
CUSIP No.73936A 10 3
 
73936A 10 3
 
13G
 
Page    2    of   6    Pages
 

 
1.
 
NAMES OF REPORTING PERSONS
 
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
13-3963499
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)        
 
  (b)         
 
3.
 
SEC USE ONLY
 
4.
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Nevada
 
NUMBER OF
 
SHARES
 
5.
 
SOLE VOTING POWER
 
9,346,549
 
BENEFICIALLY
 
OWNED BY
 
6.
 
SHARED VOTING POWER
 
0
 
EACH
 
REPORTING
 
7.
 
SOLE DISPOSITIVE POWER
 
9,346,549
 
PERSON WITH
 
8.
 
SHARED DISPOSITIVE POWER
 
0
 
9.
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
9,346,549
 
10.
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*             
 
N/A
 
11.
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
14.0%
 
12.
 
TYPE OF REPORTING PERSON*
 
IN
 
*SEE INSTRUCTIONS BEFORE FILLING OUT!


 
Item 1(a). Name of Issuer:
 
Power3 Medical Products, Inc.
 
Item 1(b). Address of Issuer’s Principal Executive Offices:
 
3400 Research Forest Drive, Woodlands, Texas 77381 
 
Item 2(a). Name of Person Filing:
 
Industrial Enterprises of America, Inc. 
 
Item 2(b). Address of Principal Business Office or, if None, Residence:
 
711 Third Avenue Suite 1505, New York, New York 10017   

 
Item 2(c). Citizenship:
 
Nevada 
 
Item 2(d). Title of Class of Securities:
 
Common Stock, $.001 par value 
 
Item 2(e) CUSIP Number:
 
13-3963499 
 
Item 3: If This Statement is Filed Pursuant to Rules 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
 
 
(a)
  __
Broker or dealer registered under Section 15 of the Exchange Act;
 
 
(b)
  __
Bank as defined in Section 3(a)(6) of the Exchange Act;
 
 
(c)
  __
Insurance company as defined in Section 3(a)(19) of the Exchange Act;
 
 
(d)
  __
Investment company registered under Section 8 of the Investment Company Act;
 
 
(e)
  __
An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
 
 
(f)
  __
An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
 
 
(g)
  __
A parent holding company or control person in accordance with Rule 13d-1(b)(ii)(G);
 
 
(h)
  __
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
 
 
(i)
  __
A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;
 
 
(j)
  __
Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
 
If this statement is filed pursuant to Rule 13d-1(c), check this box. 
 
 
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:
 
 
   
9,346,549__________________________________________________________
 
 
 
(b)
Percent of class:
 
_______14.0% 
 
 
(c)
Number of shares as to which such person has:
 
(i) Sole power to vote or to direct the vote   9,346,549 
 
(ii) Shared power to vote or to direct the vote    0 
 
(iii) Sole power to dispose or to direct the disposition of   9,346,549 
 
(iv) Shared power to dispose or to direct the disposition of      0 
 
Instruction. For computations regarding securities which represent a right to acquire an underlying security, see Rule 13d-3(d)(1).
 
 
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 .      
 


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
 
 
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.
 


February 14, 2006 
(Date)


     /s/ James W. Margulies            
James W. Margulies, Chief Financial Officer (Signature)




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