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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]

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