Archive for July, 2009

Lapboard News!!

Posted in John Landino on July 21, 2009 by phantomadmin

We got an exciting review from a very popular and well respected site yesterday, DriverHeaven.net.

Check it out!

http://www.driverheaven.net/reviews.php?reviewid=812

This isn’t over.

Posted in Message from the CEO on July 16, 2009 by phantomadmin

Wow, I’m really tired of reading the comments that directly relate to the Phantom Entertainment of the past, and comparing it to the group today… We understand the money that was spend, the hope that was put forth, and the dissappointment felt. We had nothing to do with that segment of Phantom’s past, we have been straightforward almost to the point of crossing legal lines to keep you informed and how we were turning things around to benefit everyone.

Do you really think we are just giving up?  Seriously after all the crap we have gone through to bring the Lapboard finally to life?  We had momentum and then the SEC threw up a wall we could not afford to get around. Our ticker is down now, but we are still fighting to get back up on the board and resume the same profile of investors that are currently holding shares. If you want to leave the party, we respect your decision, we however have come too far to quit despite the sky falling around us and the ground rumbling beneath us – We plan to keep the course of bringing of Lapboard to market.  Thanks for those that understand our ( the new guys ) situation.

This post is a bit blunt and to the point but we are all feeling slightly exhasted from the echoes of unfortunate circumstances that keep developing, hindering our success.

30000 ft view

Posted in Message from the CEO on July 10, 2009 by phantomadmin

The next steps for Phantom Entertianment are to continue operating towards our goals of building the company through the manufacture and sale of the Lapboard. The current status of PHEI with the SEC is the same as we stated previously; the SEC has halted trading and will move to revoke our registration without audited quarterly filings. I have a conference call with a judge in two weeks however the SEC has informed me that without having an auditor currently working of the filings they will continue with the process of revoking the registration. We are one of MANY companies the SEC have served and on the conference call there be several other defendants. Again as we stated earlier, we will operate with the goal of accumulating the necessary funds to refile our registration which will be considerably less than the individual filings currently needed. I have been told that when we refile for registration we would be able to keep the same share structure, which is what we intend to do. With previous lax SEC enforcement we thought we would be able to catch up with the filings at the end or beginning of next year however this is now not possible.

When I took over there was $0.00 in the company bank account with Terry paying company bills out of his pocket. We are doing the best we can, today Terry wired iOne the payment for the next Lapboard order with an estimated completion time of 10 weeks (yes, we know what happened last time) but they have built in discounts based on delivery time lapses at my request.

As of a few minutes ago Jim just called and told me trading opened on PHEI, I do not have any news at all from the SEC that they will stop the process to revoke registration. Please consult a securities attorney for advice before you invest any further money. Remember, when you purchase the stock you are sending your money to a bank and in the end the SEC actions benefit the banks not us, if we are delisted. The banks will not have to refund any money and considering the sheer volume of companies involved in this SEC action this could be another huge transfer of wealth. Again, as far as the SEC goes I am planning on the worst short term. The Lapboards should be in our warehouse sometime next week pending the Customs process which can take a few days.

We are planning of selling and shipping the Lapboard hopefully by the end of next week.
You will see a new area on the Phantom Website at that time.

John H. Landino

Our ship has almost come in. Here is the latest.

Posted in Message from the CEO on July 8, 2009 by phantomadmin

Here is an email received two days ago.

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John 

Good morning. Below ocean LCL shipment will being arrived in ##### on July 10th.  Attached are copies of ocean bill of lading, commercial invoice and packing list. We need original ocean bill of lading with your signature on the back to release the shipment. Please quickly send it to me. If you have any question, please do not hesitate to contact me 

Thanks 

Jin Lin

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BL_Commercial-inv

Soon there will be a page on Phantom.net to purchase our Boards.

Thanks for everyone patience.