Wednesday, November 24, 2004

Would You Like Some Pie With That Turkey?

Here's a surprise: Infinium Labs, developer of the alleged gaming console 'The Phantom,' has run out of money. They have about $20,000 cash on hand, they're over $10 million in debt, and they estimate that it would take an addition $10 million on top of that to get the console to market.

So they have $20,000 and they need $20 million. At least.

I've written about these guys before, so no need to pile on here, but the short version is that twenty of them could fit into one very small car. Wait, that is piling on, isn't it?

Here's a link to the article that details information about their SEC filing:

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