Phantom Gets Insider Bonus, Ex-Xbox Bigshot

Thanks to loonyboi for pointing to a HeraldTribune.com article revealing new controversy and a surprising senior appointment for Phantom 'PC game console' makers Infinium. The article reveals: "Infinium Labs Inc. dished out a stealthy stock dividend to insiders as soon as it became a publicly traded company, and without bothering to tell the stock-trading public through traditional channels." Infinium executives "declined... to be interviewed about the four-for-one dividend", but it's also noted, by way of an SEC filing, that "...Infinium has hired Kevin Bachus, who helped Microsoft develop its XBox gaming system... Bachus, with nearly 20 years of experience in the game development industry, has assumed the role of president and chief operating officer."

Comments

Vaporware is in the air...

[imperator_mundi]

from Heraldtribune:

The shares were selling for $28.50 at the close of regular trading on Tuesday

...the company had 4,577,761 shares

$28.5/stock and 4.5M stocks, that means some 140M$ paper... not that bad, but still far away from something that make you believable if you want to go after sony, M$ and Big N... and the fact that we're talking about financial statement but so far no games's screenshot is available reminds me of the good ol' times.... I still waiting for the flare one ;-)