Infinium Targets Gamers For Stock Purchase After Split 56
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)."
Giving SCO a run for its .... (Score:4, Insightful)
uhhhhhhhh (Score:4, Insightful)
WTF (Score:3, Insightful)
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.
Market Cap? (Score:1, Insightful)
$1,000,000,000 times 1 share.
And yes, I own the share.
Venture Capital (Score:4, Insightful)
I see (Score:3, Insightful)
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.
Re:Devil's Advocate (Score:3, Insightful)
It's called the lotto, and I think the odds of winning are better than the odds of Infinium making you a profit.
Re:Devil's Advocate (Score:3, Insightful)
Re:Market Cap? (Score:3, Insightful)