[Phantom watch]Infinium labs running out of money

SuperHiro · Post by **SuperHiro** » Wed Nov 24, 2004 5:34 pm

Like a hooker with dysentery

I've always been morbidly curious with Infinium Labs. But really, Penny Arcade owns them so bad that anything I say just seems weak.

Eco-Logic · Post by **Eco-Logic** » Wed Nov 24, 2004 5:39 pm

They had a pretty cool booth at E3 so I'm kinda shocked they keep having so much trouble.

Actually, I'm not shocked, but their booth was cool and I have a shirt to prove it

Greggy_D · Post by **Greggy_D** » Wed Nov 24, 2004 5:39 pm

Big f-ing surprise there.

It's beyond me how they burned through 30 mil already.

LawBeefaroni · Post by **LawBeefaroni** » Wed Nov 24, 2004 5:39 pm

You name your console Phantom and expect people to believe it's more than vaporware? This one was doomed from the start.

Turtle · Post by **Turtle** » Wed Nov 24, 2004 6:38 pm

The only problem is that while the company is running out of money, the people who control the company will be just fine and dandy should everything go downhill.

There's a serious lack of accountability in these schemes.

Jag · Post by **Jag** » Mon Nov 29, 2004 6:45 pm

Turtle wrote:
There's a serious lack of accountability in these schemes.

Schemes don't use accountability, they use plausibility to con investors. If they were smart enough to hold these people accountable, this travesty never would have gotten as far as it did.

LawBeefaroni · Post by **LawBeefaroni** » Mon Nov 29, 2004 6:57 pm

Jag wrote:
Turtle wrote:
There's a serious lack of accountability in these schemes.
Schemes don't use accountability, they use plausibility to con investors. If they were smart enough to hold these people accountable, this travesty never would have gotten as far as it did.

It's not like the terms aren't weighted heavily for investors when they approach a shaky deal like this one. The get a more disproportionate ROI than if it were a more stable looking shceme. It's all gambling. Do you take the 2:1 favorite or go for broke with the 23:1 longshot?

EDIT: Unfortunately for the investors in this one, it looks like they bet on a scratch. Tsk. Tsk.

jpinard · Post by **jpinard** » Tue Nov 30, 2004 4:48 am

The CEO of the company "Tim Roberts" is really good at paying himself millions of dollars while building a company destined for bankruptcy. My question is, "What will he try and sell next, and how many stupid people will invest in that next pile of crap"?

Kasey Chang · Post by **Kasey Chang** » Tue Nov 30, 2004 12:43 pm

Careful or a cease-and-desist letter may come your way!

Seriously, the whole idea of delivering games over broadband is a joke. Games are approaching GIGABYTES in size, even console games (heck, why do you think they're on DVD's?) and even through DSL or Cable we're talking about HOURS of download time. Unless you're talking about some sort of streaming or dual-CPU approach where one CPU handles gaming while the other handles downloads or something, the whole concept is doomed from the start. There just ain't enough bandwidth.

Greggy_D · Post by **Greggy_D** » Fri Dec 03, 2004 8:36 pm

Unless you pre-load like HL2.

Jolor · Post by **Jolor** » Sat Dec 04, 2004 12:40 am

Avast! Do not be foolhardy enough to evenge yourself upon the Dread Pirate Roberts. Aarrgh.

JSHAW · Post by **JSHAW** » Thu Dec 09, 2004 2:53 pm

The only thing that's going to be a "phantom" is all the money that his invenstor's put into this pile of dung that they won't be seeing a return on.

Phantom indeed!