Phantom Gets Insider Bonus, Ex-Xbox Bigshot

Posted by simoniker on Thursday January 22, 2004 @07:48PM from the wackier-and-wackier dept.

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."

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Recipe Suggestions? by Babbster · 2004-01-22 20:01 · Score: 4, Funny

What kind of sauce or seasoning should I use on crow. If this console makes it to market (and it's certainly gaining legitimacy), I'll be eating several helpings.
Re:Here's a handy link by MachDelta · 2004-01-22 20:15 · Score: 4, Funny

Crow Recipes.

Gotta love the internet! ;)
controversy? by ed_roman · 2004-01-22 20:33 · Score: 5, Insightful

I don't understand why this stock split news is controversial or important. Their stock split would not change the worth of a shareholder's equity.. it would just increase the number of shares out there, with each share being worth less, right? Why is it such a big deal that the Phantom guys didn't do a press release? Would that affect anyone economically?