By brownlee, 10:40 AM on Mon May 29 2006, 285 views (Edit post, Set to draft, Slurp)

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In an attempt to confuse and bilk further investors by disassociating themselves from ex-CEO Tim Roberts' recent indictment for pump and dumping, Infinium Labs is changing the name of the company to the all-too-appropriate Phantom Entertainment.

Folks, you can't make a quote like this up. From their SEC filing:

The Board of Directors believes that the name change would be in the best interests of the Company because the new name better reflects the long-term growth strategy of the Company.

An excellent way to put it. The long-term growth strategy of the company is well reflected in a word primarily defined as an intangible imaginary entity. FLORIAN ECKHARDT

Infinium Announces Name Change, Stock Increase Plans [Gamasutra]