Infinium Tries 'Phantom' Name Change

simoniker writes "Former Infinium Phantom 'console' developer and current Lapboard accessory creator Infinium Labs has revealed multiple new details in financial filings, including the fact that it's changing company name to Phantom Entertainment, as long as shareholders approve. But with the SEC prosecuting former CEO Timothy Roberts, 'accumulated losses since inception of $69,331,794', and _another_ former CEO, Kevin Bachus, now suing the company for back pay, will the company ever release a product?"

Re:Calling it 'phantom' is too subtle

[bagsc]

"The Board of Directors believes that the name change would be in the best interests of the Company because the new name better reflects the long-term growth strategy of the Company."

Seems pretty straightforward: Phantom growth strategy.

Re:Phantom Entertainment

[Jeff DeMaagd]

The difference is that 3D Realms was a good company with a good product gone horribly wrong. Infinium labs was an inherently corrupt idea from the start.

Either way, in comparison, NASA, an often misdirected of an agency, was able to make Deep Space One from project concept approval to launch pad in three years. Deep Space One, a project that tested twelve previously untested technologies in space and every one of those technologies succeeded.

Re:Wow.

[kfg]

a couple of years ago when the phantom was relatively new they showed off the console and some PC ports and the thing seemed at least somewhat real.

And demonstrated that they had invested nearly several hundred of those $70 million on something other than coke and hookers.

You're still talking like the console was ever supposed to be a real product. The object you bring up that was displayed is something called "bait." Myself I prefer to dry fly fish for trout on the surface rather than bait fish for suckers feeding in the muck on the bottom.

KFG