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PC gamer, WorthPlaying EIC, globe-trotting couch potato, patriot, '80s headbanger, movie watcher, music lover, foodie and man in black -- squirrel!

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Infinium Labs Getting Evicted, Delays Phantom Indefinitely

by Rainier on Feb. 22, 2006 @ 9:13 a.m. PST

In a Feb 13 filing with the SEC, Infinium Labs revealed several details about its rather poor financial state. In the filing, Infinium revealed it does not have enough cash and needs to raise $1.6 million in additional funds immediately, or assets may be foreclosed upon by secured lenders, or operations could completely cease. As a result, the Phantom Game Service has been put on hold to rush out its Phantom Lapboard. Infinium Labs is also moving at the end of the month, as they have been unable to pay rent on its office for several months and are being evicted.
In a Feb 13 filing with the SEC, Infinium Labs revealed several details about its rather poor financial state. In the filing, Infinium revealed it does not have enough cash and needs to raise $1.6 million in additional funds immediately, or assets may be foreclosed upon by secured lenders, or operations could completely cease. As a result, the Phantom Game Service has been put on hold to rush out its Phantom Lapboard. Infinium Labs is also moving at the end of the month, as they have been unable to pay rent on its office for several months and are being evicted.
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