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)."
Uhhhm, (Score:2, Interesting)
Re:Uhhhm, (Score:5, Funny)
Re:Uhhhm, (Score:2)
Re:Uhhhm, (Score:2)
Better yet, they are planning to try an enter a market that is, arguably, saturated. We have 3 major consoles out at the moment, with the top 2 dominating sales. Is s
Re:Uhhhm, (Score:2)
Seriously, the first game you play on this will be Duke Nukem Forever. And it's going to cost you 60 bucks and 2 hours of your cablemodem access to use it- you'll get no CD and only b
Wow. The investment opportunity of 1998! (Score:3, Funny)
Infinium Letter #419 (Score:5, Funny)
I have been requested by Infinium Labs to contact you for assistance in resolving a matter. Infinium has recently concluded a large number of contracts to supply video game machines to end users. The contracts have immediately produced moneys equalling US$133,000,000. Infinium is desirous of selling their machines in other parts of the world, however, because of certain regulations of the Nigerian Government, it is unable to move these funds to another region.
You assistance is requested as a non-Nigerian citizen to assist Infinium in moving these funds out of Nigeria. If the funds can be transferred to your name, in your United States account, then you can forward the funds as directed by Infinium. In exchange for your accomodating services, Infinium would agree to allow you to retain 10%, or US$13.3 million of this amount.
However, to be a legitimate transferee of these moneys according to Nigerian law, you must presently be a purchaser of at least US$100,000 of Infinium stock.
If it will be possible for you to assist us, we would be most grateful. We suggest that you meet with us in person in Lagos, and that during your visit I introduce you to the representatives of Infinium which produce the good Phantom product, as well as with the creators of Duke Nukem Forever, a partner company.
Please call me at your earliest convenience. Time is of the essence in this matter; very quickly the Nigerian Government will realize that Infinium is maintaining this amount on deposit, and attempt to levy certain depository taxes on it.
Yours truly, etc.
Timothy Roberts
CEO, Infinium Labs
Nicely done. A couple of tips. (Score:3, Funny)
Giving SCO a run for its .... (Score:4, Insightful)
Re:Giving SCO a run for its .... (Score:5, Informative)
Re:Giving SCO a run for its .... (Score:3, Interesting)
This gave Infinium Labs a public valuation and stock that was publicly traded...but it was all bullshit.
Re:Giving SCO a run for its .... (Score:1)
Strategy to generate shareholder value (Score:5, Funny)
2) Release some random computers cleverly disguised as mock-ups of a 'gaming console'.
3) Sue Nintendo, Microsoft, and Sony for stealing their core operating system design (and later expand into suing big users who are using these consoles - maybe check out some Eastern countries to see if they are using clusters of Playstations as weapon guidance systems).
4) Profit.
Re: fake mock-up (Score:2, Funny)
Re:Strategy to generate shareholder value (Score:3, Funny)
No see, first they'd have to buy the ip in the colecovision (or similar oldschool console) from a company who may or may not of actually owned the ip and then sue the modern console makers for including things like joysticks on their control pads, which are obvious ip violations, amoung others. Then they'd have to offer liscenses to normal console users for the right to use things like pixels on the screen and their gamepad joystick.
uhhhhhhhh (Score:4, Insightful)
Free Energy (Score:1)
Note to Stock Analysts (Score:4, Funny)
Re:Note to Stock Analysts (Score:4, Funny)
Re:Note to Stock Analysts (Score:1)
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.
Devil's Advocate (Score:4, Interesting)
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.
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)
I heard they throw in ... (Score:2, Funny)
Market Cap? (Score:1, Insightful)
$1,000,000,000 times 1 share.
And yes, I own the share.
Re:Market Cap? (Score:3, Insightful)
Venture Capital (Score:4, Insightful)
Boiler Room (Score:3, Funny)
How are they going to advertise this stock? (Score:1)
look at the technology partners... (Score:1, Funny)
Well the company does have /assets/... (Score:3, Funny)
The Brooklyn Bridge
Florida Swampland
Arizona Beachfront property
The Washington Monument
The Alamo
It makes that share price look pretty reasonable combined with that great console render they're going to maybe possibly pretend to manufacture and distribute.
running out of money (Score:1)
4 for 1 split (Score:1)
Re:4 for 1 split (Score:2)
Quarterly Reports (Score:1)
Also, (Score:1, Redundant)
Call me crazy, but... (Score:1)
From the HeraldTribune article:
"A month from now, the company, whose stock is traded on the over-the-counter bulletin board, said it will have 92 million shares outstanding, up from 23 million."
(bolding added by me)
Ummm.... thanks but no thanks - I'm not going to trust any stock that isn't traded on the open market...
More from the article:
Re:Call me crazy, but... (Score:3, Interesting)
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 [yahoo.com] has No shares of this company. What a vote of confidence.
Their Budget? RD spending [yahoo.com] = 0
What a great opportunity...
to short!
I'll buy Infinium Stock! (Score:2, Interesting)
Typo in the write-up (Score:3, Funny)
I think you put the quotes in the wrong place. It should be:
"... PC game console 'manufacturer' Infinium..."
That makes much more sense.
heh - who said the dotcom days are dead? (Score:5, Interesting)
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.
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.
$5 a share? I'd like to see... (Score:2)
Re:$5 a share? I'd like to see... (Score:4, Funny)
So that means their EPS is!!! (Score:1)
HardOCP article should be linked (Score:2)
I was just wondering. (Score:2, Interesting)
a complete scam! (Score:1)
Attention investors: if you invest in a company with no product and who acquired a shell company so it could be traded you are freakin insane !
Vapors. (Score:1)
A matter of curiousity... (Score:2)
I'm really not joking. I want to know, in clearly quantifiable terms, how dumb Tim Roberts and Infinium et al think we are.
Well, they have another thing coming. (Score:2)
Unfortunately I dont think they are targetting at computer enthusiasts since anyone would recognize the "phantom" as a half baked pc, they are actually targetting at non gamers, non tech savy people that require assistance to pull any task in a computer. This and "business enthusiasts" t