Information for our Stock Holders


Some have asked about the plans for the Phantom Game Service and Phantom Entertainment’s involvement:

Here are some answers for you.

Unless Phantom Entertainment, Inc. receives a better offer by September 15, 2008, Phantom Entertainment, Inc. will be selling the assets associated with the Phantom Game Service to Phantom Game Service, Inc. on September 15, 2008.

Per the terms of the Asset Purchase Agreement, Phantom Entertainment, Inc. will initially be acquiring 49% ownership in Phantom Game Service, Inc. and will also receive 7% of the annual gross revenue from Phantom Game Service, Inc.’s online game sales through the Phantom Game Service software. Therefore, Phantom Entertainment, Inc. will retain a vested interest in the Phantom Game Service.

Here’s a link to the SEC’s Form 8-K disclosing this transaction:

http://sec.gov/Archives/edgar/data/1145019/000114420408048827/v124132_8k.htm

And here’s a link to the actual Asset Purchase Agreement as filed with the SEC:

http://sec.gov/Archives/edgar/data/1145019/000114420408048827/v124132_ex10-1.htm

You would need to contact Phantom Game Service, Inc. directly for information on the company but, since it is a Delaware Corporation, you can look up Phantom Game Service, Inc. on the State of Delaware’s Division of Corporations website; here’s the link:

https://delecorp.delaware.gov/tin/GINameSearch.jsp

As quoted in the corresponding press release:

Pointing to the spirit of the agreement, John Landino, President and CEO of Phantom Entertainment, Inc., said: “This agreement is a win-win for all parties. It allows us to shed business segments that are not related to our core objective — the Phantom lapboard wireless keyboard, while giving us an immediate cash infusion as well as future revenue streams based on royalties. Phantom Game Service, Inc., in turn, receives an extremely valuable IP and trademark in a business segment that is poised for outstanding growth.”

Here’s a link to this press release:

http://biz.yahoo.com/prnews/080818/nem033.html?.v=58

If you have additional questions or concerns, please don’t hesitate to let us know.

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11 Responses to “Information for our Stock Holders”

  1. Considering the millions of shares issued at $0.01 per share over the last few years, what is the likelyhood of seeing a buyback to bring some value back to shareholders and decrease dilution?

  2. phantomadmin Says:

    Due to fair disclosure issues, we cannot provide you with specifics on our financial strategy. I suggest you to review our pink sheets, public news releases, and of course this blog for insight into our progress as a company. Thanks

  3. Have some faith… this is the most action we have seen in years. To me this shows the company is going in the right direction… Baby steps – doing the right thing this time will be profitable to all of us. All we have right now is to gain in profit, the product (one product) is actually being sold, two years ago we couldn’t say that someone was actually selling something… Have some faith in this business.

  4. I’m not a pessimist, but I do like to be truthful with myself. I want to see PHEI listed on the Nasdaq, sitting pretty at $1.00 per share. As of right now there are 2.36 billion shares in the public float. PHEI at $1.00 per share? Thats a bigger market cap than Vonage, Jamba Juice, Aeropostale, and pretty close to Carmax. All for a company that took over four years to develop and market what amounts to a novel computer keyboard. That being said I have the utmost faith that John Landino and the new board will turn this company into a real player in the gaming industry. I like how he makes no promises until the plans are in motion, unlike previous execs who seemed to work harder on press releases than actual products. I wish there were something more we could do to help the process along. How about some “I believe in Phantom” t-shirts?

  5. i just have a simple question, i owe thousands of shares on this stock (PHEI) but with this take over of assets, in plain and simple terms, what happens to my shares of this stock?

  6. HEY EVERYBODY: We are up 50% today…

  7. phantomadmin Says:

    You now will have a stake in both companies.

  8. so my shares and the symbol will all remain intact?

  9. Tim Roberts ideals and concepts are still valid and no one has improved on it ,on with the Phantom Gaming Service..

  10. Phantom management throw us a bone. Were starving for news. At least let us know your alive.

  11. U.S. SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C.
    SECURITIES EXCHANGE ACT OF 1934 Release No. 60166 / June 24, 2009
    The U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of the following issuers, commencing at 9:30 a.m. EDT on June 24, 2009 and terminating at 11:59 p.m. EDT on July 8, 2009:

    Phantom Entertainment, Inc. (PHEI)

    Paivis Corp. (PAVC)

    Peabodys Coffee, Inc. (PBDY)

    Penge Corp. (PNGC)

    Petrol Industries, Inc. (n/k/a Caddo International, Inc.) (CADD)

    Phantom Entertainment, Inc. (PHEI)

    Phoenix Medical Technology, Inc. (PHXT)

    Phoenix Metals USA II, Inc. (a/k/a TM Media Group, Inc.) (TMMG)

    Phymed, Inc. (PYMD)

    Pico Products, Inc. (PPIP)

    Piemonte Foods, Inc. (PIFI)
    The Commission temporarily suspended trading in the securities of the foregoing companies due to a lack of current and accurate information about the companies because they have not filed certain periodic reports with the Commission. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).
    The Commission cautions brokers, dealers, shareholders and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by these companies. Brokers and dealers should be alert to the fact that, pursuant to Exchange Act Rule 15c211,
    at the termination of the trading suspensions, no quotation may be entered relating to the securities of the subject companies unless and until the broker or dealer has strictly complied with all of the provisions of the rule. If any broker or dealer is uncertain as to what is required by the rule, it should refrain from entering quotations relating to the securities of these companies that have been subject to trading suspensions until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. Any broker or dealer with questions regarding the rule should contact the staff of the Securities and Exchange Commission in Washington, DC at (202) 551-5720. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
    If any broker, dealer or other person has any information which may relate to this matter, they should immediately communicate it to the Delinquent Filings Branch of the Division of Enforcement at (202) 551-5466, or by e-mail at DelinquentFilings@sec.gov.

    http://www.sec.gov/litigation/suspension

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