Infinium Labs in Trouble

September 9, 2004

I ran across this a day or two ago but I have been hard at work so I saved it for today. It appears that Infinium Labs is operating on a capital deficiency of $3,962,226. Ouch. They only have about $134,000 in cash reserves and we still have a long time till the Phantom is set to launch. I don’t want to be optimistic, but I have a feeling that without securing more funding we may never see the Phantom in a retail fashion. The article cites a 12 month operating cost of about $68 Million. Just what in the hell are they doing over there and who gets the million dollar bonuses?

Source: [url=]Gamespot[/url]