mindwar23's Journal: Phantom Vaporware and Penny Stock Fraud

Cool story on Ars Technica about the unending saga of Phantom Entertainment. "When we looked into SEC documents like the company's annual report, we found a company that changes names and locations with amazing frequency; a company whose chairman has been indicted by the SEC for participating in a pump-and-dump 'fax blast' scheme; a company that routinely issues more stock when it runs into trouble." Phantom Game Service indeed...