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Infinium Targets Gamers For Stock Purchase After Split
Thanks to HeraldTribune.com for its article discussing the continuing fortunes of PC 'game console' manufacturer Infinium, following much controversy over their forthcoming Phantom console in recent weeks. Infinium CEO Timothy Roberts is quoted as saying, following a "four-for-one stock split", the second of the year, that "...part of Infinium's stock marketing effort will be aimed at video game aficionados, people who have contacted the company via e-mail because they are interested in using the product when it is rolled out and who may also have expressed interest in making a stock investment." With regard to this, it seems that, judging by current prices, "...even before it has a product to sell, Infinium has a market capitalization of $133 million ($5.80 times 23 million shares)."
So you are telling me a "Phantom" console game that may not even exists has a market capitalization of $133 million while SCO, who is taking on Linux has a market cap of $127 million? Ha!
"Engineers do the work of man, Physicists do the work of God"
Why would I want stock in a company that has yet to have a real, manufactured, product. Demos don't count; I can make my own game system in my garage. I would much put my money on finding oil in the Dead Sea, the odds are actually not that bad.
"Jeremy, you need to get to an internet cafe and cut and paste some appropriate sentiments about me from the world wide
Why the F would anyone with even half a brain buy stock in an entity that has no discernible worth?
Look at the investor relations part of their website and try to stay objective (re: their only product, the Phantom).
What have you learned? The company operates in the "video game industry".
What assets does it have? IPRs, fixed assets, intellectual capital, property, manufacturing plant, etc., etc.?
What contracts has it entered into? Where are the revenue bearing lucrative exclusive distribution deals?
Where are the promotional tie ins with component manufacturers? (I would imagine any deal with third party hardware providers or other technology standard providers would promote a veritable avalanche of cross branding, i.e. ATi, nVidia, DirectX, USB 2.0, Creative EAX, Miles, etc. etc.)
What employees does it have? Who are its auditors? Who are its lawyers?
They seem to be asking for money on the promise that some poorly aimed marketing message will ignite a rapid hand-to-wallet movement. I think they have forgotten that gamers need more proof before they part with their cash.
Having said that, if they roll the console out and it turns out to be everything that they claim, well then I'll be first in the queue with my credit card in once hand and my humble pie fork in the other.
My company has a market cap of 1 billion dollars, and I havent even announced anything yet!
$1,000,000,000 times 1 share.
And yes, I own the share.
Hmmm, I was thinking. $120+ Million in Venture Capital is absolutely nothing in terms of what is necessary to produce AND more importantly PROMOTE a brand new game system. Shit, some of the higher end games cost $40 million to make and market. Even if the "Phantom" had access to EVERY GAME EVER MADE, who would buy it? After all, you never actually own any game, it's all downloaded. I would actually invest my money in a pinball manufacturer right now (sales are doing great) than bet on the Phantom.
"Jeremy, you need to get to an internet cafe and cut and paste some appropriate sentiments about me from the world wide
So, this then would be the proverbial "other shoe".
The sound it just made when it hit the floor was pretty resounding.
You know, for a company that insists that they're a on-the-level business with a great product coming down the pipe, they're sure acting like skeezbags.
E3 will be most interesting, I think.
You can make a cheap risk every week if you want with a small small chance of it being the best investment in your life.
It's called the lotto, and I think the odds of winning are better than the odds of Infinium making you a profit.
-- taking over the world, we are.
Nah. Blackjack. At least with Infinium, if you time it right, you can cash in on their pump-and-dump. The company doesn't have to succeed for its stock to be profitable, provided you're not hung up on morals and ethics and laws and dumb shit like that. Heck, if you're really lucky, you can short it and then cover the sell at a nickle a share when everybody realizes they've been had.