I predicted this when it debuted. Just like what happened to that last ghost machine... Only that was too long ago and I forgot its name, heh.
Something with a 3 in it? I dunno.
Last year\'s E3 was the Phantom\'s coming out party.
Infinium Labs, the company behind the on-demand video game service, spent millions of dollars for an elaborate booth meant to quiet growing speculation at the time that the service -- and the system that powered it -- were non-existent.
To an extent, the gamble worked. While gamers still had doubts about the company after the show, seeing a working prototype and a smartly designed keyboard and mouse unit bought the company some breathing room.
But this year, the Phantom is nowhere to be found at the Electronic Entertainment Expo, the gaming industry\'s top deal-making and media event.
In a recent filing with the Securities and Exchange Commission, Infinium Labs said there\'s a good chance it won\'t raise enough money to launch its key product in time, putting its existence at risk.
"The company believes, based on past performance, that there is a high likelihood that sufficient capital will not be available ... and many or all of these milestones will be missed and the launch date will again shift and/or the company will go out of business," it said in the April 20 filing with the SEC.
It goes on...
What the hell was the name of that other system, probably like ten years ago now....
-Dan