• Some users have recently had their accounts hijacked. It seems that the now defunct EVGA forums might have compromised your password there and seems many are using the same PW here. We would suggest you UPDATE YOUR PASSWORD and TURN ON 2FA for your account here to further secure it. None of the compromised accounts had 2FA turned on.
    Once you have enabled 2FA, your account will be updated soon to show a badge, letting other members know that you use 2FA to protect your account. This should be beneficial for everyone that uses FSFT.

[H] In trouble!?!

Status
Not open for further replies.
has anyone else noticed that the "legal" team lawyers who sent the letters:

1. the MOFO guy Sussman area of legal "expertise" is Corporate / M & A ,Securities, and Venture Capital.

2. the ICARDMERRILL guy Chapnick area of "expertise" is "over twenty-six years of business and legal experience involving creative and sophisticated estate, gift and charitable tax planning, business and financial planning, mergers and acquisitions, business succession, and retirement benefit planning."

wouldn't you want someone more familiar with Internet/ publishing law? Instead of a estate tax planner and a venture capital lawyer?

sort of like using a bankruptcy lawyer in a personal injury case.
maybe i'm missing something, i knoiw a lawyer is a lawyer but i would want someone specialized in a area who has kept up and knows the laws that would apply.

I personally think they are using these "in-house" lawyers name as a bluff.

Kyle, tell them to put-up or shut-up!!!
 
Originally posted by opelgt19
has anyone else noticed that the "legal" team lawyers who sent the letters:

1. the MOFO guy Sussman area of legal "expertise" is Corporate / M & A ,Securities, and Venture Capital.

2. the ICARDMERRILL guy Chapnick area of "expertise" is "over twenty-six years of business and legal experience involving creative and sophisticated estate, gift and charitable tax planning, business and financial planning, mergers and acquisitions, business succession, and retirement benefit planning."

wouldn't you want someone more familiar with Internet/ publishing law? Instead of a estate tax planner and a venture capital lawyer?

sort of like using a bankruptcy lawyer in a personal injury case.
maybe i'm missing something, i knoiw a lawyer is a lawyer but i would want someone specialized in a area who has kept up and knows the laws that would apply.

I personally think they are using these "in-house" lawyers name as a bluff.

Kyle, tell them to put-up or shut-up!!!
Click to expand...

best first post evar.

but don't ya watch boston public? 7 of 9 the lawyer handles criminal, domestic, AND corporate law cases with ease! in fact! all lawyers can! /sarcasm
 
http://www.gamespot.com/all/news/news_6087009.html

"two founders of Old Infinium, Timothy M. Roberts and Robert Shambro, became entitled to receive shares representing 39.54% and 17.16% of the outstanding Common Stock" as a result of the split, which boosted the total shares from 4,577,761 shares to 22,788,805. The new, diluted Infinium stock is currently trading off-board for approximately $8.50. In layman's terms, that means that as a result of a split disclosed only by one letter to NASDAQ, Roberts and Shambro currently own $76,590,894 and $33,239,750 in Infinium stock, respectively.

Yeah... that doesn't scream you're going to run a company into the ground... :rolleyes:

And yea, awesome article Kyle. And if they do sue, there's always a fund-raiser to combat idiots. I wouldn't mind pitching a few dollars in to "buy out" Infinium Labs. :D
 
Originally posted by Navster
In layman's terms, that means that as a result of a split disclosed only by one letter to NASDAQ, Roberts and Shambro currently own $76,590,894 and $33,239,750 in Infinium stock, respectively.
Click to expand...
Jesus Christ!!!! :eek: The company is valued at over $100 million dollars and they haven't produced jack shit??????? No wonder the internet "bubble" imploded. :rolleyes:
 
they are just mad that article exploited the hell out of them lol :D
i love this!
 
I went to MoFo.com (his law firms website) and did a little reading up on Mr. Allen Sussman. From what I can see, he has really only handled the legal side corporate finance (mergers, initial offerings, etc).

I wonder if this law firm didn't invest some money in Infinium and they are trying to protect their investment. It wouldn't make sense to send a specialist in financial law to push around a website on an alleged slander issue... unless he was already involved with the company.

(just my opinion, please don't sue me Mr. Sussman!)

Anyways, I'm off to get some McDonald's coffee! Here's to retiring early!!!!!
 
I'm praying this doesn't impact all the great things I've come to love about the [H].

Losing Redwood and stomped.com hurt big-time, but if HardOCP was to become any less a resource of Hardness, I'd have to take a long sabbatical from the internet.

(not that it's at all likely to happen, of course)
 
I don't get it. Don't these investors research what they're investing in?
 
Originally posted by jmr
I don't get it. Don't these investors research what they're investing in?
Click to expand...

It's like one of those "Too Good to be True" deals. You think it's cheap money for huge gains and in the end you're on the floor crying with no money. Sale Forums call them trolls! :D
 
Originally posted by Navster
It's like one of those "Too Good to be True" deals. You think it's cheap money for huge gains and in the end you're on the floor crying with no money. Sale Forums call them trolls! :D
Click to expand...

lol




if this dose go thought.... set up a paypal account... i'll give ya 10$ a mounth to fight idiots.... and im shure others will give as well... if most on this forum only gave 10$ once... you'de have plenty to beat the snot outta them...


the thing about the one lawyer is the he specializes in take overs and mergers... i think there after the forums and servers (come on.. who wouldnt want dully opteron servers for a gameing console web site that will be ddosed with in seconeds of the take over...) to bad they wont have the fan base.

thore
 
But if it is in print... isn't it libel? I mean I learned at least that much from the Spiderman movie right?

;)

If this does happen.. I am fairly sure that Infinium labs assets would go throuhg the crapper in a big way.
 
Can some one say Oy!! or whatever that Bit Boys shit was, i'm totally behind [H] on this one, plus their article used publicly available knowledge, how can that be taken the wrong way, w/e long live [H}!
 
I guess they must just be trying to rattle Kyle's cage... probably they won't proceed.

They have little real incentive to proceed. If they did then it would be a top story on every gaming/technology site on the web, which would, of course, encourage more people to read the story... the exact opposite of what they would LIKE to see happen.

On the other hand, if they fail to proceed now then they look rather wimpy... there's no bigger loser than a bully that can't even back up its threats. Anyway, if it comes to it, I know I'll be willing to chip in a few bucks to the [h]ard defense fund!

As for the lawyer thing, I'll bet that they just figured that they would use their "general" lawyers to send the letter... I would assume that they would have the matter directed by more specialized counsel if they actually decided to push it.

(hehehe... I just made a non-computer related comment in General Hardware without having the thread locked.... j/k)
 
when the phantom console is released, it will have a bitboys gfx card and its first game will be duke nukem forever

if bitboys and 3drealms were to take the actions of infinium, lawyers would be busy for years

edit:
if this actualy goes to trial, i think it will be the biggest [H] gathering ever, all on the steps of the courthouse
 
I decided to do a little research on why this is happening now and not 6 months ago:

firstly here is a link to what the "new" company is and what it has as a "product"

IFLB.OB SEC filing

Paraphrasing:
In connection with the Merger, the founder, controlling stockholder and sole director and officer of the registrant, Peter J. Goldstein, transferred to the registrant for cancellation 10,000,000 shares of common stock of the registrant, par value $.0001 per share ("Common Stock"), and resigned as a director and officer of the registrant. Pursuant to the Merger, the stockholders of Old Infinium (as defined in Item 2) became entitled to receive shares representing 82.35% of the outstanding Common Stock of the registrant after the Merger. Two founders of Old Infinium, Timothy M. Roberts and Robert Shambro, became entitled to receive shares representing 39.54% and 17.16% of the outstanding Common Stock of the registrant after the Merger, respectively. Following the Merger, the two directors of Old Infinium, Timothy M. Roberts and Richard Angelotti, became the two directors of the registrant and the officers of Old Infinium became the officers of the registrant.
Click to expand...

I decided their listing of possible company failures was a paticular area of interest, here are the topic highlights:

Limited Operating History
Limited Resources
Competition
Uncertainty of Future Results of Operations

and one of my personal favorites:


The Company May Be Subject to Financial and Reputational Risks Due to Product Quality Issues


here is a good yahoo link, anyone interested can follow their press releases over the past 2 months and their stock price climb.

IFLB.OB


Founded and managed by a management team with extensive experience in interactive media, entertainment and technology, Infinium Labs is developing a robust gaming system that appeals to a wide audience of consumers and interactive gamers with its ease of use, quality assurance and real-time delivery system. For more information, please visit...
Click to expand...



James Roberts, chief marketing officer of Infinium, concluded, "As noted in our 8-K filing, the most important aspect of our service is that it is a `private' network. As such, it is designed to be able to be accessed only by subscribers though our Phantom systems. The Phantom system is designed as a 'closed box' so that it cannot be breached externally, and will contain a series of authentication protocols to maintain privacy over our network. The security of our network is an essential element of our service to protect game content from piracy."
Click to expand...


more topics of interest
 
Yeah a cease and desist is just a rich persons way of making a threat. Until they actually file, it really doesn't mean anything. The two things that would come up in front of a judge in an actual lawsuit would be: was their intent on the part of the Hard to harm Infinium through defamatory statements and if so, what was the actual damage.

In all honesty though, they have to send a C&D to protect their perceived market value. It is a prudent business practice when courting investors. It is immoral, but not unethical.

I seriously doubt it will go much further than it already has.
 
Well, for one, these Phantom dudes are nothing but cheapskates, no doubt. Trying to build a company that is in itself a phantom and has no products.

I'm pretty sure that whatever "lawsuit" they have with the [H] will fail; MOST likely to happen is that the legal system (probably including Kyle's defense) will find all the craptacular fake contracts, SEC filings, and fake company documentation with the government that Infinium has, then they are gonna get sued to hells end, and maybe even get put in jail.

Bottom line:

Infinium, it's NOT WORTH IT.

BTW, where can I buy some stock in Infinium??? :confused: :rolleyes:
 
This kind of reminds me of the company that was making anti-piracy stuff for CDs for BMG when they tried to sue a Princeton student for showing that you just have to hit shift to prevent the software from loading.

The company never bothered with the case once it got down to it, but they threatened the guy.
 
The 'phantom' company lol...

It looks more like he has been scamming investors for quite a while... I mean this money has to come from some where.

I wonder if this article can be sent to an official in florida, someone to keep an eye on this guy, I can just see it, its all going to catch up with him.
 
Originally posted by HydroSqueegee
we can all make a road trip to Kyles house since his address in on the first sheet. :D
Click to expand...

I got beer in the fridge....if you are old enough of course. ;)
 
i say it's a case for judge judy, she'll sort it out in under 30mins w/ commercial breaks.
 
Originally posted by FrgMstr
I got beer in the fridge....if you are old enough of course. ;)
Click to expand...

Seeing that you are in Texas, I hope that is Shiner Bock in the fridge. I love that beer, however not easy to find in VA :(

Oops off topic, sorry
 
Hey Kyle your in Plano. Sweet. I was thinking midcities for some reason. We should do a dfw gtg at the Gamewyze stores. <or other venue.> Just to have a party that you can indeed have threats from a make believe company!!
 
Shiner Bock, hell yes. I am insulted that you even asked. :p

I don't have a gaming network set up any more. :( No one will play with me. (Actually I like to LEAVE when I get the chance.)
 
Originally posted by FrgMstr
Shiner Bock, hell yes. I am insulted that you even asked. :p

I don't have a gaming network set up any more. :( No one will play with me. (Actually I like to LEAVE when I get the chance.)
Click to expand...

Dont blame you. Cooped up in the home office all day.
 
But ya know he has broadband and games online right? I mean it is a rule or something.
 
even the people on genmay agree that kyle pwned infinium. lol i remember reading that article when it was first on [H]
 
Can someone with an understanding of stocks please interpret this article for the lay folk?

http://www.heraldtribune.com/apps/pbcs.dll/article?AID=/20040121/NEWS/401210542/1200

In particular....Infinium Labs Inc. dished out a stealthy stock dividend to insiders as soon as it became a publicly traded company, and without bothering to tell the stock-trading public through traditional channels.

And....It says following its merger with Global Business Resources, the company had 4,577,761 shares. As part of that deal, founders "Timothy M. Roberts and Robert Shambro, became entitled to received shares representing 39.54 percent and 17.16 percent" of the shares, respectively.

What exactly is going on here?
 
I propose we could all start donating to legal defense fund for Kyle.

I have in mind a VERY reputable Texas law firm Dewey, Cheatem and Howe, L.L.C.

I'll post a link to their website later, after Kyle decides yes or no.
 
Originally posted by qdemn7
I propose we could all start donating to legal defense fund for Kyle.

I have in mind a VERY reputable Texas law firm Dewey, Cheatem and Howe, L.L.C.

I'll post a link to their website later, after Kyle decides yes or no.
Click to expand...

you already are, go click a few more ads.
 
We will have to wait and see what happens.
 
Perhaps they sent you a threat so they could at least try to SOUND legal. Or get credibility?:D
 
On the main Phantom page http://www.phantom.net/ in the lower left corner you'll see Mofo's logo listed in the logo cycle presumably as a sponser or partner. Since when do law firms sponser console development?
 
Status
Not open for further replies.
Back
Top