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)."

Comments

Uhhhm,

[floamy]

Wouldn't gamers be the last people they would want to target? I mean, we know (or think, at least.) that they have no future.

Devil's Advocate

[Ieshan]

Not that I'm going to ever invest in such a shoddy company, but lets suppose you did.

You just invested 500 bucks in Infinitium Labs, or whatever they call themselves today. There are two simple possibilities: one, they sink someplace in the middle; two, they get to India by Sea by going across the Atlantic Ocean.

The Metaphor is sound. There are people who will take the risk because it's cheap right now, on the premise that there's a small, small chance that this will be one of the best investments of their life. Granted, it's small, and the company is really skuzzbucket, but if they do in fact pull off what they're saying they're going to pull off, they might change the console industry forever - and make you, the investor, a lot of cash money in the process.

Just playing Devil's Advocate.

I'll buy Infinium Stock!

[baggachipz]

... After I sell it short! Cha-ching!$$$$$

heh - who said the dotcom days are dead?

[inkless1]

I remember standing outside my old office having a friend explain to me how I, little old me, could become a multi-millionaire. Stocks, splits, shares, options, blah blah blah.

Now, a year or so later, the only multi-millionaires are the brainiacs who ran the business into the ground but did it so convincingly that they walked off with the only value the company had left. It almost seemed a distinct negative correlation between the how hard someone worked and how talented you were to how well the company would treat you in the end.

The guy spending 70+ hours a week writing OO code? Fired without notice, 3 month serverence.

The "turn around genius" office manager who spent an entire year flying first class and never managed to land a single client? His $300,000+ salary was paid to him for a year after the office folded.

And the top execs all pulled their golden chords, made millions, and bought fast food chains or notwhat.

Hey Infinium. Bite me. I've heard this nonsense before.

Re:Call me crazy, but...

[DjMd]

Looking this stock up Infinium IFLB.OB

We see that the stock underwent a 1:25 split! meaning that on Aug 4th 2003 if you had 25 shares they became one share.
Suggesting they had WAY too much stock out there...
The HeraldTribune article should do a little more research

Better yet Kevin Bachus has No shares of this company. What a vote of confidence.

Their Budget? RD spending = 0
What a great opportunity...
to short!

Re:Giving SCO a run for its ....

[Alkaiser]

You guys probably didn't see this Press Release they made earlier. Basically, they had this old company lying around, one that was publicly traded. Then, they had Infinium Labs, the current incarnation of the company merge with the shell of the old company.

This gave Infinium Labs a public valuation and stock that was publicly traded...but it was all bullshit.

I was just wondering.

[AzraelKans]

Exactly at what point you are allowed to conduct a criminal investigation on a fraud? I mean this is off topic of course ;) as Infinium labs is a serious company with lots of fine products to offer (in a possible future), but there are actual laws against spamming and frauds, yet I see this "deals" spawning around everywhere. (we are all familiar with the poor prince of Nigeria who wanted our bank account for his money) At what point are the feds allowed to investigate and take actions?