Phantom Lapboard Update [Jul 02, 2009, 6:38 pm ET] – Share – Viewing Comments
A few recent updates to the Phantom
Entertainment Blog describe drama at this company that at one time
was promising a game-changing console system (thanks Mike Martinez). Apparently trading
of their stock has been temporarily suspended by the SEC due to delinquent
filings, and for a while they were actually accepting donations, but this has
changed, and they are now refunding donations to make sure they don't run afoul
of the SEC again. These updates come from the man who took over as CEO in July
of 2008, who gives a perspective on the company's previous way of "doing
business" (make air quotes when you say that), and what to expect going
forward:
Since the Infinium days nothing was produced…only the HOPE and PROMISE of a product. Millions of dollars spent on theory and well….who knows what that management did. They were getting paid convalouted amounts of money, and well it was what it was.
Let’s push pin that in at 2002 just for a time frame.
I became the new CEO in July of 2008. With barely any money and a four person staff working on faith alone, the Lapboard will be available in July 2009 ( currently crossing the atlantic )
I can't help but be curious...what sort of person accepts the CEO position of a company that was so clearly running a scam for so many years? It'd be like taking over control of Bernie Madoff's investment fund, not to refund the remains to the victims, but to continue to run it as an investment fund.
The truly amazing part is that they appear to still havevictims believers who are willing to donate cash, for whatever reason.
This comment was edited on Jul 2, 2009, 21:12.
The truly amazing part is that they appear to still have
This comment was edited on Jul 2, 2009, 21:12.
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