Phantom Entertainment in trouble . . . again
Oh brother . . . will this never end? The team at Phantom Entertainment, the makers of the long awaited (and long delayed) Phantom Lapboard PC gaming oriented keyboard have run into trouble, this time with the US Securites and Exchange Commission. They have halted the trading of stocks in Phantom Entertainment " because they have not filed certain periodic reports with the Commission."
All of this sounds like a repeat of what happened when the company was called Infinium Labs and its now former CEO was accused by the SEC of running an illegal "pump and dump" scheme to boost the price of the company's stock. The company's current CEO John Landino states on the company's blog site, "We are not the company of 2002 – We could have easily taken the easy way out and just shut our doors and quit, but we stayed to push through the bias of the media and Shorters out there to prove that we can be a new company to launch our product, and grow from there." He claims the first shipment of the Phantom Lapboard will happen sometime this month but at this point we will believe it when we see it. And so the drama continues . . .
[Via Blue's News]
All of this sounds like a repeat of what happened when the company was called Infinium Labs and its now former CEO was accused by the SEC of running an illegal "pump and dump" scheme to boost the price of the company's stock. The company's current CEO John Landino states on the company's blog site, "We are not the company of 2002 – We could have easily taken the easy way out and just shut our doors and quit, but we stayed to push through the bias of the media and Shorters out there to prove that we can be a new company to launch our product, and grow from there." He claims the first shipment of the Phantom Lapboard will happen sometime this month but at this point we will believe it when we see it. And so the drama continues . . .
[Via Blue's News]
Reader Comments (Page 1 of 1)
2
The SEC is taking ALL companies to task across the board to task for delinquent filings. If there was any journalism at all involved in this article you would have found the Lapboards are now for sale:
http://phantom.net/content/products/index.html
Yesterday's review:
http://www.driverheaven.net/reviews.php?reviewid=812
But as usual no one bothers to contact us to ask even one question. Posted at 7:21PM on Jul 21st 2009 by John Landino
3
The Phantom keyboards appears to be SOLD OUT on your website.
How many did you sell, 25 ?Posted at 11:56PM on Sep 4th 2009 by _Arthur



The plot thickens: Tim M. Roberts just launched a games download website, using proprietary software developped by Infinium Labs, now Phantom Entertainment.
Phantom sold all its intellectual property, software, patents, trademarks, contracts and know-how to their former founder, for $65K, last August.
This would have probably been reported as a "related party transaction" by their auditors, but, wait, they don't bother with auditors anymore.
The 10-days SEC trading supension period is now over, but trading has not resumed: Grey Market, here we come.
_ArthurPosted at 2:43PM on Jul 10th 2009 by _Arthur