posted
Good bottom imo...Looks like this is ready for a run up...buys at .0011 buys at .0012 started buys at .0013 end of day watch closely tomorrow...
posted
Phantom Entertainment (PHEI) has settled the lawsuit of Longview Special Finance on March 30. Longview will get 425M common shares from PHEI. That is most likely what brought the pps down from .0013 to .0007. It appears to have bottomed out at .0006, so I see it rising from here on. Could be the last chance to get in at .0007/.0008. ----------------------
Entry into a Material Definitive Agreement, Financial Statements and
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. As previously reported in the periodic reports of Phantom Entertainment, Inc. (the "Company"), in March 2006, Longview Special Finance, Inc. brought an action against the Company in the United States District Court in the Southern District of New York (the "Court") entitled Longview Special Finance, Inc. vs. Infinium Labs, Inc. (now known as Phantom Entertainment, Inc.), Index No. 06 CV 1772 (RJH) (the "Action") on behalf of all of the holders (the "Holders") of the Company's December 2004 convertible debentures alleging breach of contract and requesting, in part, the issuance of all remaining shares requested in prior conversion notices delivered to the Company by the Holders.
On March 30, 2007, the Company and the Holders completed the settlement of the Action and entered into a Settlement Agreement (the "Agreement") dated as of March 22, 2007 with the Holders pursuant to which the Company agreed to issue 425,000,000 shares of free-trading common stock to the Holders in exchange for the Holders agreeing to enter into general releases and to petition the Court to dismiss the Action with prejudice. On March 30, 2007, the Court so ordered the adoption of the Agreement and general releases were executed and delivered by the parties.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (a) Financial statements of business acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
Exhibit No. Description 10.1 Settlement Agreement dated as of March 22, 2007 by and among Phantom Entertainment, Inc. and the investors named on the signature pages thereto.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
| IP: Logged |
posted
this comp is a loser i have been watching this comp for the last two years ,in fact i lost over $3000 or more with this comp and my friend lost about$10000,i bought in when it was much higher and watched it go down,sold it and took a loss then bought in again at a lower price,it went down more and i sold it again.I did this about 4-5 times,each time went a lot lower ,until it is where it is at now,Also about one in a half years ago me and my friend met the CEO greg and spoke with him privately at a large meeting that took place in manhatten nyc for the trades,he even had his product there (the wireless keyboard )which he was going to show at the trade show,anyway we walked away not to convinced about what he said about the comp,then soon afterwards on the phantom website (which is still up today)he started to sell the keyboard,but it still had not been being produced,but if you prorderd it you would be one of the first to get it when it would be produced,which he promised would be in about 2-3 months.Well the last i had heard was, it still wasent in production (that was about 4-5 months ago,in fact one of the members here had preordered it and still had not recieved the product)the only way this comp will go up in price on their shares is when they develope their on line rent and buy movie dvds ,which by the way they keep saying it is being developed,but so far nothing,as far as i am concerned this ceo is a con job.Also the ceo before him who is the owner of the comp had to step down because of some shady dealing ,which are not to clear as to what he did,So for the last two years all the news that came out seemed to be a lot of lies,and there hasent been any nonew news on their products ,except for this news that has got nothing to do with their supposadly fantastoc products,Like i said before this comp is a loser.It may go up a fraction of a penny ,sometimes but baseicly it stays around where its been for many monthsand until they actually come out with their on line rental or buy dvds ,nothing is going to happen,So be very carefull before you buy shares of this comp thinking you are going to make a lot of money.
Posts: 83 | From: ny | Registered: Dec 2006
| IP: Logged |
posted
ijust went to their web site (phantom entertainment)and they do not show this news that just came out in fact the last news they show is from quite a while ago saying that some large comp bought a large amount of their wireless keyboards which i would assumed they canceled since at that time the keyboards was still not being produced,this comp is a joke
Posts: 83 | From: ny | Registered: Dec 2006
| IP: Logged |
Phantom Entertainment Signs Major Licensing Deal with Ione Technology To Manufacture Ione Wireless Lapboard and Ione Wireless Laser Mouse Tuesday April 17, 8:30 am ET
PORT CHESTER, N.Y., April 17 /PRNewswire-FirstCall/ -- Phantom® Entertainment, Inc., (OTC Bulletin Board: PHEI - News) announced today it has entered into a major, multi-product licensing agreement with Ione Technology Inc., a worldwide leading manufacturer and marketer of input devices, to manufacture and distribute the Phantom® Wireless Lapboard and Phantom® Wireless Laser Mouse under Ione's brand name throughout Asia and through Ione's distributors in the US and Europe in return for royalty and design fees. The agreement allows Ione Technology to market an Ione wireless lapboard and Ione wireless laser mouse as a combo package and as stand-alone products in markets throughout Asia including:
-- Taiwan -- China -- Hong Kong -- Japan -- South Korea -- Thailand -- Philippines -- Indonesia -- Viet Nam -- Laos -- Cambodia -- Burma -- Malaysia -- Singapore -- India -- Bangladesh -- Sri Lanka
"This agreement allows Ione to use its financial and manufacturing resources to bring our innovative wireless lapboard and wireless laser mouse to a worldwide audience of consumers," said Greg Koler, President and CEO of Phantom Entertainment, Inc. "We are very excited about this new relationship, Ione is a major brand in the Asian markets in sales and has tremendous distribution capabilities.
"Phantom Entertainment will manufacture the Phantom Wireless Lapboard and Phantom Wireless Mouse branded products for retail distribution and sales throughout the United States and Europe," Koler said.
"We anticipate Ione Technology will begin production and distribution of the Ione wireless lapboard and Ione wireless laser mouse in the third quarter of 2007," Koler said.
About Ione Technology
Founded in 1984, as a professional designer and manufacturer of computer input devices, Ione Technology Inc. manufactures and distributes products such as keyboards, mice and trackballs devices under its own brand (Ione) and provides OEM/ODM services to world leading designers, manufacturers and retailers. Ione efficiently supplies high quality products around the world from factories located in Dongguan in Mainland China. Ione distributes products in Europe, North America, Japan and Mainland China. The company employs more than 700 people world-wide. For more information, please visit http://www.ione.com.tw.
About Phantom Entertainment
Phantom Entertainment is a global entertainment and interactive game company. Phantom Entertainment has developed and is marketing the Phantom Lapboard, a combination wireless keyboard, laser mouse and hard surface that enables users to work or play games from any comfortable setting. For more information, please visit http://www.phantom.net.Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
| IP: Logged |
posted
Must be major investors buying in. It's going to the moon, I just can't watch anymore.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
| IP: Logged |
posted
at one time i had a million shares,about 8 months ago.As i said i saw it go down with a lot of promises from the ceo,in fact according to the news he still isnt manufactureing the keyboard (i feel sorry for those that prebought the keyboard and mouse,cause it looks like they never recieved the items )anyway i sold all the shares at quite a loss.What i see happening with pennie stocks is you have to have a large capital so that you can buy numerous different comps.and then just hold on to them long term and eventually they come through,and make you a lot of money
Posts: 83 | From: ny | Registered: Dec 2006
| IP: Logged |
posted
i just reread the news and all it says is they entered into an agreement with the other comp.it dose not say an agreement was signed ,of course it pushed the stock up ,but it sounds like another lie from greg(ceo)anyway i am very happy for all the people that made money to day,but be careful you dont get hung up on a high price and then it drops back to where it was a few days ago ,cause thats what happened to me a few timesi bought in when it was .40and then it fell,then i bought in when it was .17 and then it fell ,i bought in another time and the same thing happened.i lost around $5000 on this comp,and they all were on news like this recent one.anyway i hope its true this time and it keeps going up.Good luck everybody
Posts: 83 | From: ny | Registered: Dec 2006
| IP: Logged |
posted
Bodyb, you are trying to hard to make up feel your pain. It's just a stock, don't fall in love with it, there's thousands of others. The heading says "Phantom Entertainment Signs Major Licensing Deal....."
Also, PHEI could double again tomorrow and they could get new contracts and continue to climb. They don't all fall you know. Major investors are counting on this. Most day traders have probably already got out by now anyway.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
